TCR_Public/180124.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, January 24, 2018, Vol. 22, No. 23

                            Headlines

6635 W OQUENDO: Capital One Can Now Vote to Accept or Reject Plan
ACADIANA MANAGEMENT: Feb. 27 Plan Confirmation Hearing
ADVANCED SOLIDS: Proposes Sale of 13 Shale Bins for $3K Each
ARTHUR W. GRIMM: Mastick Failed to Terminate Lease Prepetition
ASSOCIATED THORACIC: Taps Cross Commercial as Real Estate Broker

ASSOCIATED THORACIC: Taps Miranda Law Firm as Special Counsel
AUTO SUPPLY: U.S. Trustee Forms 6-Member Committee
BERRY GLOBAL: Moody's Hikes CFR to Ba3; Outlook Stable
BIBHU LLC: To Pay Tax Agencies in Full at 7.5% Over 24 Months
BLUE LIGHT CAPITAL: Court Rejects Proposed Plan Outline

BURTONSVILLE CROSSING: U.S. Trustee Unable to Appoint Committee
CARRANO AIRCONTRACTING: Plan Outline Conditionally Okayed
CASTLE ARCH: J. Saggiani's Failure to Object Not Excusable Neglect
CENTER FOR EDUCATIONAL LEADERSHIP: Seeks to Hire Legal Counsel
CESAR CHAVEZ PCS: S&P Cuts Rating on 2011 School Bonds to B-

DIAMOND BRITE: Unsecureds to be Paid from Sale Proceeds of Car Wash
DIFFUSION PHARMACEUTICALS: Launches $12M Public Stock Offering
DORAN LOFTS: California Court Dismisses Dorn Platz Appeal
DRONE USA: Receives $53,000 From Debt Financing
DYESS MEDICAL: Taps Richard W. Martinez as Legal Counsel

ELDERHOME LAND: U.S. Trustee Unable to Appoint Committee
FAMILY CHIROPRACTIC: Court Confirms Third Amended Chapter 11 Plan
FIRSTENERGY CORP: S&P Rates $1.62BB Convertible Pref. Stock 'BB'
FIRSTENERGY SOLUTIONS: Fire Hits Bruce Mansfield Plant
FLEXERA SOFTWARE: Moody's Affirms B2 CFR & Alters Outlook to Neg.

FREEDOM LEAF: Appoints Richard Groberg as its New CFO
GAGE COUNTY HOSPITAL: Fitch Withdraws BB+ Rating on 2010B Bonds
GEN-KAL PIPE: Taps Lee M. Perlman as Legal Counsel
GOPHER SUB: Moody's Assigns B3 Corp. Family Rating; Outlook Stable
HELIOS AND MATHESON: Four Directors Designated to MoviePass Board

HELIOS AND MATHESON: Signs CFO to Three-Year Term
HOBBICO INC: U.S. Trustee Forms 3-Member Committee
HORNED DORSET: PRTC Claim from 2004 to 2009 Not Time-Barred
HUNT COMPANIES: Moody's Rates Secured Notes Due 2026 'B2'
ICAGEN INC: Michael Taglich Has 13.1% Equity Stake as of Jan. 19

ICAGEN INC: Robert Taglich Has 10.87% Equity Stake as of Dec. 29
ICAGEN INC: Timothy Tyson Reports 5.8% Equity Stake as of Jan. 19
INKSYSTEM LLC: District Court OK's Seiko's Bid for Default Judgment
ISLAMIC RESEARCH: U.S. Trustee Unable to Appoint Committee
J CREW GROUP: Appoints Seth Farbman as Director

JEFFREY BERGER: Hinrichs & Wells Buying Property for $825K
JTJM INC: Taps Goe & Forsythe as Legal Counsel
JULIAN DEPOT: Taps Goldberg Weprin as Legal Counsel
LIMETREE BAY: Moody's Revises Outlook to Neg. & Affirms Ba3 Rating
LINCOLN NATIONAL: Fitch Affirms BB+ Rating on 2 Debenture Tranches

LUPETTO INC: Case Summary & Unsecured Creditor
LUV-IT FROZEN CUSTARD: Court Okays Disclosure Statement
MEDRISK: S&P Assigns 'B' LT Issuer Credit Rating, Outlook Stable
MICHAEL BRADFORD: Asks Approval of New Residential Lease Agreement
MORNINGSIDE LLC: Voluntary Chapter 11 Case Summary

NCI BUILDING: Moody's Rates Proposed $415MM Term Loan Due 2025 Ba3
NELSON INC: Taps E. Douglass, R. Reid as Legal Counsel
NFP CORP: Moody's Maintains B3 CFR Amid Incremental $50MM Loan
NINE WEST: Moody's Lowers CFR to Ca; Outlook Negative
NORTHWEST TERRITORIAL: Proposes Auction Sale of Assets by Murphy

NORVIEW BUILDERS: Case Summary & 11 Unsecured Creditors
NOVABAY PHARMACEUTICALS: May Issue 615,392 Shares Under 2017 Plan
NVA HOLDINGS: Moody's Rates Proposed $937MM 1st Lien Term Loan 'B1'
NVA HOLDINGS: S&P Rates New $937MM 1st Lien Term Loan 'B'
OFFSHORE SPECIALTY: Liable for M. Hahn's Personal Injuries

OLEARY DEVELOPMENT: Case Summary & 15 Largest Unsecured Creditors
PENINSULA AIRWAYS: Taps Porter & Allison as Accountant
PHOENIX SERVICES: Moody's Assigns 'B2' CFR; Outlook Stable
PHOENIX SERVICES: S&P Affirms 'B' CCR, Outlook Stable
PIONEER ENERGY: BlackRock Has 13.6% Equity Stake

PONDEROSA ENERGY: Taps Diamond McCarthy as Legal Counsel
PROVEN PEST: To Surrender 2015 Chevrolet Silverado to AFLT
RENAISSANCE PARTNERS: Taps Weinstein & St. Germain as Counsel
SAN MIGUEL LABEL: Approval Hearing on Disclosures Set for March 7
SBRS INC: Taps South State Real Estate as Broker

SHIRAZ HOLDINGS: Proposes Auction Sale of Hurricane Property
SOURCINGPARTNER INC: Taps Harvey Law Firm as Legal Counsel
SOUTHEAST POWERGEN: Moody's Lowers Rating on $503MM Loans to B1
SPARTAN BUSINESS: Seeks Authorization to Use Cash Collateral
SPECTRUM HOLDINGS III: Moody's Assigns B3 CFR; Outlook Stable

STEMTECH INTERNATIONAL: Court Terminates Exclusive Periods
SUNCOAST INTERNAL: Case Summary & 20 Largest Unsecured Creditors
SUSANNA ANKRAH: Moshe Zedek Buying East Orange Property for $210K
T-MOBILE USA: Moody's Rates Proposed Unsecured 2026/2028 Notes Ba2
T-MOBILE USA: S&P Rates $2.5BB Senior Unsecured Notes Rated 'BB+'

TACALA INVESTMENTS: Moody's Rates New $365MM 1st Lien Loans 'B2'
TAYLOR MORRISON: S&P Raises CCR to 'BB', Outlook Stable
TC3 FOUNDATION: S&P Cuts Rating on 2013A-B Revenue Bonds to 'BB'
TOPS HOLDING: S&P Cuts CCR to 'CCC' on Continued Weak Performance
WASTE PRO: Moody's Assigns 'B2' CFR & Rates New Sr. Notes 'B3'

WASTE PRO: S&P Assigns 'B+' Corp. Credit Rating, Outlook Stable
WAYNE BAILEY: Case Summary & 20 Largest Unsecured Creditors
WINDSOR MARKETING: U.S. Trustee Forms 3-Member Committee
YU HUA LONG: Trustee Seeks to Hire SLBiggs as Accountant

                            *********

6635 W OQUENDO: Capital One Can Now Vote to Accept or Reject Plan
-----------------------------------------------------------------
6635 W Oquendo LLC, filed with the U.S. Bankruptcy Court for the
District of Nevada an amended first disclosure statement describing
its plan of reorganization dated Nov. 13, 2017, corrected on Jan.
2. 2018, and amended on Jan. 16, 2018 and Jan. 19, 2018.

The Class 2 claim consists of a wholly unsecured Claim in favor of
Capital One, N.A. or Real Time Resolutions, Inc. against the
Debtor's rental property located at 6635 W Oquendo Road, Las Vegas,
Nevada, which is secured by a wholly unsecured Second Deed of Trust
recorded on July 3, 2007 as instrument number 20070703-0003503.
Holders of Class 2 claims are impaired and are now entitled to vote
to accept or reject the plan.

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

     http://bankrupt.com/misc/nvb17-15953-57.pdf

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

     http://bankrupt.com/misc/nvb17-15953-59.pdf

                    About 6635 W Oquendo LLC

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

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


ACADIANA MANAGEMENT: Feb. 27 Plan Confirmation Hearing
------------------------------------------------------
Judge Robert Summerhays of the U.S. Bankruptcy Court for the
Western District of Louisiana approved Acadiana Management Group,
LLC's disclosure statement, amended on Jan. 11, 2018, referring to
its proposed plan of reorganization.

Feb. 20, 2018 is fixed as the last date for filing written
acceptances or rejections of the Plan, and the last date for filing
and serving written objections, if any, to the confirmation of the
Plan.

Feb. 27, 2018 at 1:30 PM is fixed as the date and time for hearing
on confirmation of the Plan. That hearing will be held at 214
Jefferson Street, 1st Floor Courtroom, Lafayette, Louisiana.

                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.


ADVANCED SOLIDS: Proposes Sale of 13 Shale Bins for $3K Each
------------------------------------------------------------
Advanced Solids Control, LLC, asks the U.S. Bankruptcy Court for
the Western District of Texas to authorize the sale of 13 shale
bins: (i) two shale bins to International Sales, Inc. for $6,000
($3,00 each); and (ii) 11 to International Sales or unrelated third
parties for the minimum sales price of $3,000 each.

A copy of the 13 Shale Bins to be sold attached to the Motion is
available for free at:

       http://bankrupt.com/misc/Advanced_Solids_240_Sales.pdf

The Debtor believes that the Shale Bins are worth approximately
$3,000 each.  It has negotiated the sale of two Shale Bins to
International Sales, whom is not related to the Debtor, for a lump
sum cash payment in the amount of $6,000 ($3,000 each).  The Debtor
is continuing to negotiate with International Sales for the sale of
the additional 11 Shale Bins, along with other parties.  If this is
unsuccessful, the Debtor believes it can sell the additional 11
Shale Bins to unrelated third parties for the minimum sales price
in the amount of $3,000 each.

The Debtor believes that the proposed sale of the Shale Bins
generates a reasonable value based upon the asset proposed to be
sold and its marketability.  However, it believes that some of the
Shale Bins condition may require expensive repairs which will limit
the value of the bins.  The Debtor is asking the ability to sale
the additional 11 Shale Bins for less than the minimum $3,000 price
if necessary to consummate a sale.

The proceeds from the sale will be paid to WTF Rentals, LLC, which
holds claims secured by the 13 Shale Bins.  The Debtor is asking
that the sale of the 13 Shale Bins to International Sales and/or
any other unrelated third party be free and clear of all liens,
claims and encumbrances.

                   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.


ARTHUR W. GRIMM: Mastick Failed to Terminate Lease Prepetition
--------------------------------------------------------------
Judge Scott H. Gan of the U.S. Bankruptcy Court for the District of
Arizona overrules the Annette Suzy Mastick Revocable Living Trust's
objection to Debtors Arthur W. Grimm and Cynthia Grimm's lease
assumption. Based on the arguments of the parties, the record and
the law, the Court finds Mastick failed to terminate the lease
prepetition.

On Jan. 20, 2016, Mastick served the Debtors with the Notice of
Default and Termination of Lease. On Jan. 27, 2016, the Debtors
responded to the Default Letter in writing with an assurance of
their intention to cure any alleged defaults under the Lease. On
Jan. 28, 2017, the Debtors wrote the Arizona Department of
Environmental Quality to request a reexamination of the Gas Station
after asserting their full compliance with the requirements of the
Stop-Use Order.

On Feb. 8, 2016, Mastick filed a verified complaint, initiating an
action against the Debtors in the Superior Court of Arizona for,
inter alia, forcible entry and detainer. The Complaint alleges that
the Debtors "did not cure their default [on the Lease] by
recommencing the operation of the service station and the sale of
motor fuels within the 15 day period."

Mastick objects to the Debtors' assumption of the Lease, arguing
the filing of the Complaint in conjunction with the Default Letter
terminated the Lease prior to the petition date under Arizona law.
Mastick's argument relies on the Debtors' failure to continuously
sell fuel--resulting in a failure to generate a portion of the
Additional Rents--thereby establishing the Debtors' default under
the terms of the Lease. Mastick contends that the Debtors' failure
to cure the alleged default within 15 days of Default Letter--as
provided by the Lease--established legal grounds for terminating
the Lease upon Mastick's filing of the Complaint.

Mastick argues that the Debtors' failure to sell fuel constituted a
material breach of the Lease and upon the Debtors' failure to
timely resume fuels sales after service of the Default Letter, the
Lease terminated upon the filing of the Complaint. In Arizona, once
a lessee has defaulted on a lease for real property, the lease
terminates upon the lessor's filing of a complaint seeking recovery
of the property. Termination upon the filing of a complaint under
A.R.S. section 33-361, however, is not absolute. A Court must weigh
the lessee's potential forfeiture by lease termination against the
alleged "trivial, inadvertent, non-prejudicial, or technical"
nature of the alleged breach. To do otherwise is to allow a lessor
the ability to terminate any lease by simply providing the lessee
notice of default and initiating an action under A.R.S. section
33-361 "for any breach no matter how inconsequential." Thus, the
filing of the Complaint was not legally sufficient to terminate the
Lease if at the time the Debtors' breach was "trivial or
immaterial."

Having found no covenant of continuous operation arising out of the
Lease, the Court finds that Mastick provided no grounds sufficient
for termination of the Lease in the Default Letter. Accordingly,
Mastick failed to give the Debtors notice and opportunity cure a
material default giving rise to prepetition termination of the
Lease. Thus, Mastick's filing of the Complaint in conjunction with
the Default Letter was not legally sufficient to terminate the
Lease under Arizona law. The Lease having not been terminated
prepetition, may be assumed if the Debtors can satisfy the
remaining requirements of 11 U.S.C. section 365.

A full-text copy of Judge Gan's Memorandum Decision dated Jan. 18,
2018 is available at:

     http://bankrupt.com/misc/azb4-16-12285-216.pdf

The bankruptcy case is in re:  Arthur W. Grimm and Cynthia Grimm,
Case No. 4:16-bk-12285-SHG (Bankr. D. Ariz.).


ASSOCIATED THORACIC: Taps Cross Commercial as Real Estate Broker
----------------------------------------------------------------
Associated Thoracic & Cardiovascular Surgeons Ltd. received
approval from the U.S. Bankruptcy Court for the District of Arizona
to hire Cross Commercial Realty Advisors as its real estate
broker.

Cross Commercial will help the Debtor find a new location for its
business operations and to analyze the appropriate lease rate for
the Scottsdale location where it currently operates.  The firm will
be paid a 5% commission for its services.

Cross Commercial does not represent any interest adverse to the
Debtor or its bankruptcy estate, according to court filings.

The firm can be reached through:

     Steve Cross
     Cross Commercial Realty Advisors
     10601 N. Hayden Road, Suite 108
     Scottsdale, AZ 85260
     Direct: 480.998.7998
     Mobile: 480.540.7808
     Fax: 480.659.3907
     E-mail: steve@crossrealty.com

                     About Associated Thoracic

Associated Thoracic & Cardiovascular Surgeons, Ltd., operates a
medical practice at 8415 N. Pima, Road, Suite 100, Scottsdale,
Arizona.

Associated Thoracic filed a Chapter 11 petition (Bankr. D. Ariz.
Case No. 16-11909) on Oct. 14, 2016, estimating $500,000 to $1
million and liabilities at $1 million to $10 million.  The petition
was signed by Herman Pang, president.

Mr. Pang commenced his own Chapter 11 case (Bankr. D. Ariz. Case
No. 16-11910) on Oct. 17, 2016.

The cases are jointly administered and are assigned to Judge Brenda
K. Martin.
  
The Debtors are represented by Lamar D. Hawkins, Esq., at Aiken
Schenk Hawkins & Ricciardi, P.C.

On August 11, 2017, the Debtors filed a joint disclosure statement
in support of their proposed Chapter 11 plan of reorganization.


ASSOCIATED THORACIC: Taps Miranda Law Firm as Special Counsel
-------------------------------------------------------------
Associated Thoracic & Cardiovascular Surgeons Ltd. received
approval from the U.S. Bankruptcy Court for the District of Arizona
to hire Miranda Law Firm as special counsel.

The firm will assist the Debtor in reviewing a lease agreement for
a commercial property located at 9220 E. Mountain View Road, Suite
200, Scottsdale, Arizona.  

Daniel Miranda, Esq., the attorney who will be providing the
services, charges an hourly fee of $295.  Other attorneys at his
firm bill at hourly rates of $135 to $250.  The firm's paralegals
charge $90 per hour.

Miranda Law Firm does not represent any interest adverse to the
Debtor, according to court filings.

The firm can be reached through:

     Daniel L. Miranda, Esq.
     Miranda Law Firm
     633 East Ray Road, Suite 106
     Gilbert, AZ 85296
     Phone: 480-719-8482
     E-mail: dan@mirandalawpc.com

                     About Associated Thoracic

Associated Thoracic & Cardiovascular Surgeons, Ltd., operates a
medical practice at 8415 N. Pima, Road, Suite 100, Scottsdale,
Arizona.

Associated Thoracic filed a Chapter 11 petition (Bankr. D. Ariz.
Case No. 16-11909) on Oct. 14, 2016, estimating $500,000 to $1
million and liabilities at $1 million to $10 million.  Herman Pang,
president, signed the petition.

Mr. Pang commenced his own Chapter 11 case (Bankr. D. Ariz. Case
No. 16-11910) on Oct. 17, 2016.

The cases are jointly administered and are assigned to Judge Brenda
K. Martin.
  
The Debtors are represented by Lamar D. Hawkins, Esq., at Aiken
Schenk Hawkins & Ricciardi, P.C.

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


AUTO SUPPLY: U.S. Trustee Forms 6-Member Committee
--------------------------------------------------
The Office of the U.S. Trustee on Jan. 22 appointed six creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 case of Auto Supply Company, Inc.

The committee members are:

     (1) Federal-Mogul Motorparts
         Agent: Michael Duffy
         27300 West 11 Road
         Southfield, MI  48034

     (2) Standard Motor Products
         Agent: James Stewart
         1801 Waters Ridge Drive
         Lewisville, TX 75057

     (3) Global Parts Distributors, LLC
         Agent: Jeff Hauck
         1401 Valley View Lane, Suite 100
         Irvin, TX 75061

     (4) The Timken Corporation  
         Agent: Michael T. Hart
         4500 Mount Pleasant St.
         NW Mail Code WHQ-03
         North Canton, OH 44720

     (5) US Pack Logistics
         Agent: David Hunter
         2251 Lynx Lane, Suite 5  
         Orlando, FL 32804

     (6) Cardone Industries, Inc.
         Agent: John H. Brawner
         5501 Whitaker Avenue
         Philadelphia, PA 19124

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

                      About 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.


BERRY GLOBAL: Moody's Hikes CFR to Ba3; Outlook Stable
------------------------------------------------------
Moody's Investors Service upgraded the corporate family rating of
Berry Global Group, Inc. to Ba3 from B1, and the probability of
default rating to Ba3-PD from B1-PD. In addition, Moody's assigned
a B2 rating to the proposed $400 million senior secured second lien
bond due 2026 and upgraded the existing first lien term loans to
Ba2 from Ba3 and the second lien notes to B2 from B3. The ratings
outlook remains stable. The new Senior Secured Second Lien bonds,
along with cash from the balance sheet, will be used to finance the
acquisition of Clopay and pay fees and expenses.

On Nov. 16, 2017, Berry Global Group, Inc. (NYSE: BERY) announced
that it has entered into a definitive agreement to acquire the
Clopay Plastic Products Company, Inc., a subsidiary of Griffon
Corporation (NYSE:GFF), for $475 million in cash on a debt-free,
cash-free basis. Clopay is a global supplier of printed breathable
films as well as a developer of elastic films and laminates with
product offerings uniquely designed for applications used in a
number of markets including; hygiene, healthcare, construction and
industrial protective apparel. Clopay has nearly 1,500 employees
with a footprint serving markets across the globe with locations in
the United States, Germany, Brazil, and China. Clopay delivered
$461 million in sales and $53 million in operating EBITDA for its
fiscal year ended September 30, 2017. Berry expects annual cost
synergies to be approximately $20 million. The purchase price,
including Berry's expected cost synergies along with the tax basis
step-up value, represents an adjusted EBITDA multiple of below 6.0
times.

Moody's took the following actions:

Assignments:

Issuer: Berry Global Inc.

-- Senior Secured Second Lien Regular Bond/Debenture, Assigned
    B2(LGD5)

Upgrades:

Issuer: Berry Global Inc.

-- Senior Secured First Lien Credit Facilities, Upgraded to
    Ba2(LGD3) from Ba3(LGD3)

-- Senior Secured Second Lien Regular Bond/Debenture, Upgraded to

    B2(LGD5) from B3(LGD5)

Issuer: Berry Global Group Inc.

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

-- Corporate Family Rating, Upgraded to Ba3 from B1

Outlook Actions:

Issuer: Berry Global Group Inc.

-- Outlook, Remains Stable

Issuer: Berry Global Inc.

-- Outlook Stable

Affirmations:

Issuer: Berry Global Group Inc.

-- Speculative Grade Liquidity Rating, Affirmed SGL-2

The ratings are subject to the transaction closing as proposed and
the receipt and review of the final documentation.

RATINGS RATIONALE

The upgrade of the corporate family rating reflects the improvement
in credit metrics resulting from debt reduction and an expectation
that the company will maintain credit metrics within the Ba rating
category by allocating its strong free cash flow appropriately
between debt reduction and accretive acquisitions. Berry is
projected to generate strong free cash flow despite an expectation
of continued softness and pressure in various end markets.
Operating results are expected to benefit from cost saving
initiatives and synergies. Management has committed to using free
cash flow to pay down debt or for accretive acquisitions. The
company is expected to continue to focus on developing higher
margin products and on acquisitions that bring higher margin,
value-added products or improve Berry's competitive position.

Berry's Ba3 Corporate Family Rating reflects the company's exposure
to more cyclical end markets, certain weaknesses in contract
structures with customers and a high percentage of commodity
products. The rating also reflects the fragmented and competitive
industry structure.

Strengths in Berry's competitive profile include its considerable
scale, some concentration of sales in relatively more stable end
markets and good liquidity. The company's strengths also include a
strong competitive position in rigid plastic containers and
continued focus on producing higher margin products and pruning
lower margin business.

The ratings outlook is stable. The stable outlook is predicated on
an expectation of an improvement in operating results from various
cost saving initiatives and acquisitions as well as management's
intention to use free cash flow for accretive, strategic
acquisitions or debt reduction.

The ratings could be upgraded if the company sustainably improves
credit metrics within the context of a stable operating and
competitive environment while maintaining good liquidity. An
upgrade would also be dependent upon less aggressive financial and
acquisition policies as well as success in integrating the recent
acquisition. Specifically, the ratings could be upgraded if funds
from operations to debt increases above 15.5%, debt to EBITDA
declines below 4.25 times, and/or EBITDA to interest expense rises
above 5.25 times.

The rating could be downgraded if there is deterioration in the
credit metrics, liquidity or the operating and competitive
environment. Additional debt financed acquisitions, excessive
acquisitions (regardless of financing) and/or a move to a more
aggressive financial profile could also prompt a downgrade.
Specifically, the ratings could be downgraded if funds from
operations to debt decreases below 13%, debt to EBITDA increases
above 4.8 times, and/or EBITDA to interest expense decreases below
4.25 times.
The principal methodology used in these ratings was Packaging
Manufacturers: Metal, Glass, and Plastic Containers published in
September 2015.

Based in Evansville, Indiana, Berry Global Group is a manufacturer
of plastic packaging products, serving customers in the food and
beverage, healthcare, household chemicals, personal care, home
improvement, and other industries. The company reports in three
segments including Consumer Packaging, Health, Hygiene &
Specialties, and Engineered Materials (approximately 33%, 33% and
33% of sales respectively in 2017). Berry has manufacturing and
distribution centers in the United States, Canada, Mexico, Belgium,
Australia, Germany, Brazil, Malaysia, and India. In 2017, the North
American operation generates approximately 83% of the company's net
sales. Polypropylene and polyethylene account for the majority of
plastic resin purchases. Net sales for the twelve months ended
September 30, 2017 totaled approximately $7.1 billion.


BIBHU LLC: To Pay Tax Agencies in Full at 7.5% Over 24 Months
-------------------------------------------------------------
Bibhu LLC filed with the U.S. Bankruptcy Court for the Southern
District of New York an amended disclosure statement to accompany
its plan of reorganization.

Class II under the latest plan consists of the claims of general
unsecured creditors in the Debtor's case totaling approximately
$1,214,191.45 instead of $103,566.74 provided in the previous
version of the plan. Claimants in this class will get a 5% dividend
in 60 monthly installment payments.

Class III is the Priority claim of Department of the Treasury
Internal Revenue Services in the amount of $638.93 comprising base
taxes, which will be paid in full within 24 months of the
Confirmation Date or have the holder of the Priority Claim agree to
a different treatment, together with 7.5% rate of interest
compounded daily. The payments under the plan will commence on the
confirmation date of the plan and will be paid in equal monthly
installments of $28.76 for 24 months; and the claim of NYC
Department of Finance Tax, Audit and Enforcement Division in the
amount of $5,579.73 comprising base taxes shall be paid in full
within 24 months of the Confirmation Date or have the holder of the
Priority Claim agree to a different treatment, together with 7.5%
rate of interest compounded daily. The payments under the plan will
commence on the confirmation date and will be paid in equal monthly
installments of $251.14 for 24months.

Class III in the previous plan consisted of the claims of a
judgment creditor and holder of two alleged undocumented personal
liability of the principals, Alicia Vergara, who is an unsecured
creditor in the Debtor's case totaling approximately $270,577.71.

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

     http://bankrupt.com/misc/nysb17-10042-58.pdf

                        About Bibhu LLC

Bibhu, LLC filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y.
Case No. 17-10042) on January 10, 2017. Alla Kachan, Esq., at the
Law Offices of Alla Kachan P.C. serves as bankruptcy counsel.  The
Debtor's assets and liabilities are both below $1 million.


BLUE LIGHT CAPITAL: Court Rejects Proposed Plan Outline
-------------------------------------------------------
Judge Mark S. Wallace of the U.S. Bankruptcy Court for the Central
District of California disapproves Blue Light Capital Corp.'s
disclosures statement and vacates the plan confirmation deadline.

The Court has determined that the pending adversary proceeding
challenging the amount and validity of Mr. Wenqiang Bian's disputed
claim needs to be determined before the plan process can proceed,
and the success of the plan depends upon the outcome of litigation
between Debtor and Mr. Bian.

               About Blue Light Capital Corp.

Headquartered in Laguna Niguel, California, Blue Light Capital
Corp. sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. C.D. Cal. Case No. 16-14461) on Oct. 28, 2016.  The
petition was signed by Kris Wismer, president.  At the time of the
filing, the Debtor disclosed $8.32 million in assets and $1.61
million in liabilities.  The case is assigned to Judge Mark S.
Wallace.  The Law Offices of Alan M. Lurya serves as the Debtor's
bankruptcy counsel.





BURTONSVILLE CROSSING: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------------
The Office of the U.S. Trustee on Jan. 22 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Burtonsville Crossing, LLC.

                 About Burtonsville Crossing LLC

Privately-owned Burtonsville Crossing LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Md. Case No. 17-26769)
on December 15, 2017.  Thomas Norris, its president, signed the
petition.

Burtonsville Crossing was established in 2005 and is based in
Laurel, Maryland.  The company is a small business debtor as
defined in 11 U.S.C. Section 101(51D) engaged in the real estate
business.  At the time of the filing, the Debtor disclosed that it
had estimated assets and liabilities of $1 million to $10 million.

Judge Thomas J. Catliota presides over the case.  Discepolo, LLP is
the Debtor's bankruptcy counsel.

The Debtor first filed a voluntary case under Chapter 11 of the
Bankruptcy Code (Bankr. D. Md. Case No. 17-24323) on Oct. 26, 2017.


CARRANO AIRCONTRACTING: Plan Outline Conditionally Okayed
---------------------------------------------------------
Judge Michael B. Kaplan of the U.S. Bankruptcy Court for the
District of New Jersey conditionally approved Carrano
Aircontracting, Inc.'s small business disclosure statement, dated
Jan. 18, 2018, referring to its chapter 11 plan of reorganization.

March 1, 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 March 18, 2018 at 11:00 a.m. for final
approval of the Disclosure Statement and for confirmation of the
Plan before the Honorable Michael B. Kaplan United States
Bankruptcy Court, District of New Jersey, 402 East State Street,
Trenton, New Jersey 08608, in Courtroom 8.

              About Carrano Aircontracting, Inc.

Carrano Aircontracting, Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. N.J. Case No. 17-22252) on June 15,
2017.  Steven Carrano, its president,  signed the petition.

At the time of the filing, the Debtor disclosed $43,600 in assets
and $1.81 million in liabilities.

Judge Michael B. Kaplan presides over the case.


CASTLE ARCH: J. Saggiani's Failure to Object Not Excusable Neglect
------------------------------------------------------------------
The U.S. Court of Appeals, Tenth Circuit, affirms the bankruptcy
court's denial of John Saggiani's Rule 60(b) motion seeking to set
the order approving the settlement agreement on the Tooele Property
Claim reached between Consolidated Legacy Trust and the Castle Arch
I Trust in the case captioned JOHN SAGGIANI, Appellant, v. D. RAY
STRONG, as the trustee of the Consolidated Legacy Debtors
Liquidating Trust; D. RAY STRONG, as the trustee of the Castle Arch
Opportunity Partners I Liquidating Trust, Appellees, No. 17-4061
(10th Cir.).

The bankruptcy court denied the Rule 60(b) motion, in part because
it was untimely, but also because all the relevant facts were known
to Saggiani or were easily discoverable at the time the court
approved the settlement agreement. Additionally, the bankruptcy
court ruled, among other things, that the plan documents, including
the approved disclosure statement and the confirmed plan,
constituted an informal proof of the Tooele Property Claim such
that even if the Conflict Resolution Procedures did not govern its
resolution, the normal creditor-claims process foreclosed relief.

Saggiani moved for relief under Rule 60(b)(1), arguing his failure
to object to the settlement agreement was the result of "excusable
neglect" because he deferred to the Trustee's judgment as his
fiduciary. He says relief under Rule 60(b)(1) should be granted
more liberally where, as here, the order approving the settlement
agreement is effectively a default judgment. The Tenth Circuit
holds that this argument fails for at least three reasons.

First, the record demonstrates the Trustee was not Saggiani's
fiduciary. The approved disclosure statement and the relevant plan
documents recognize the Trustee was conflicted by his appointment
to the various trusts, which held intercompany claims against one
another. Thus, the bankruptcy court approved the CRPs pursuant to
which the Conflicts Referee was tasked with resolving the
intercompany claims, counsel for each trust advocated on their
behalf, and the Trustee was excluded from analyzing the claims.
This sharply undermines Saggiani's claim for relief under Rule
60(b)(1).

Second, the order approving the settlement agreement is not akin to
a default judgment. The Trustee moved the bankruptcy court to
approve the settlement agreement under Fed. R. Bankr. P. 9019(a) as
a fair and equitable settlement among, and in the best interests
of, the trust beneficiaries. The Conflicts Referee also recommended
that the settlement agreement be approved. And the bankruptcy court
set the motion to approve the settlement for a hearing, giving
notice of the deadline to respond to all interested parties.

Third, and most importantly, Saggiani's failure to object was not
excusable neglect. "[E]xcusable neglect is understood to encompass
situations in which failure to comply with a deadline is
attributable to negligence." In this context, negligence means "to
leave undone or unattended to especially through carelessness" or
faultless omission. But Saggiani's failure to object was not
carelessness or faultless omission; it was a volitional choice he
made as a beneficiary of the Castle Arch I Trust. It is irrelevant
that he denies knowing the basis for his untimely defense because
those facts were available to him at the time he elected not to
object.

Saggiani also sought relief under Rule 60(b)(6). He contends the
bankruptcy court abused its discretion in denying relief because
the Trustee was conflicted in resolving the intercompany claims and
failed to disclose all the facts and issues underlying the
purported time-bar to the Tooele Property Claim. He asserts the
Trustee violated the CRPs and the court should have remediated the
violation by invalidating the settlement agreement under Rule
60(b)(6).

Saggiani's arguments miss the mark. He characterizes these
circumstances as exceptional because the Trustee allegedly violated
the CRPs by failing to disclose the purported time-bar, but all the
relevant facts were available to him when he elected not to
investigate or object to the settlement motion. "The broad power
granted by clause (6) is not for the purpose of relieving a party
from free, calculated and deliberate choices he has made. A party
remains under a duty to take legal steps to protect his own
interests." Saggiani failed in that endeavor, but that does not
mean the bankruptcy court abused its discretion in denying relief
under Rule 60(b)(6).

A full-text copy of the 10th Circuit's Order and Judgment dated
Jan. 16, 2018 is available at https://is.gd/Bqs3ls from
Leagle.com.

                  About Castle Arch Real Estate

Castle Arch Real Estate Investment Company, LLC, in Salt Lake City,
Utah, filed for Chapter 11 bankruptcy (Bankr. D. Utah Case No.
11-35082) on Oct. 17, 2011, together with several affiliates. The
petitions were signed by Trent Waddoups, CEO/president.  Judge Joel
T. Marker presides over the case.  Michael L. Labertew, Esq., at
Labertew & Associates, LLC, served as counsel to the Debtors.  In
its petition, Castle Arch Real Estate Investment Company scheduled
$2,818,931 in assets, and $40,863,600 in debt.

The other filing affiliates are CAOP Managers, LLC; Castle Arch
Kingman, LLC; Castle Arch Secured Development Fund, LLC; Castle
Arch Smyrna, LLC; Castle Arch Star Valley, LLC; Castle Arch
Opportunity Partners I, LLC; and Castle Arch Opportunity Partners
II, LLC (Case Nos. 11-35082, 11-35237, 11-35243, 11-35242 and
11-35246, (Substantively Consolidated), Case Nos. 11-35241 and
11-35240, (Jointly Administered).

On May 3, 2012, the Court entered an order appointing D. Ray Strong
as the Chapter 11 bankruptcy Trustee for CAREIC, and in that
capacity he managed each of the other Legacy Debtors.  Peggy Hunt,
Esq., and Chris Martinez, Esq., at Dorsey & Whitney LLP, in Salt
Lake City, Utah, argue for the Chapter 11 Trustee.

On Feb. 8, 2013, the Court entered an Order substantively
consolidating the Legacy Debtors.  Bankruptcy Judge Joel T. Marker
confirmed the First Amended Plan of Liquidation dated Feb. 25,
2013.


CENTER FOR EDUCATIONAL LEADERSHIP: Seeks to Hire Legal Counsel
--------------------------------------------------------------
Center for Educational Leadership seeks approval from the U.S.
Bankruptcy Court for the Central District of California to hire
legal counsel in connection with its Chapter 11 case.

The Debtor proposes to employ Tang & Associates as its bankruptcy
counsel and The Attorney Law Group as co-counsel with the firm.

The firms will advise the Debtor regarding the administration of
its bankruptcy estate; represent the Debtor in any adversary
proceeding to recover its assets

Kevin Tang, Esq., and Clarissa Cu, Esq., at Tang & Associates, will
charge $400 per hour and $295 per hour, respectively.  Daniel King,
Esq., at ALG, will charge an hourly fee of $400.

The firms do not hold or represent any interest adverse to the
Debtor's estate, according to court filings.

Tang & Associates can be reached through:

     Kevin Tang, Esq.
     Tang & Associates
     601 S. Figueroa St., Suite 4050
     Los Angeles, CA 90017
     Tel: (213)300-4525
     Fax: (213)403-5545
     E-mail: tangkevin911@gmail.com

ALG can be reached through:

     Daniel King, Esq.
     The Attorney Law Group
     3435 Wilshire Blvd., Suite 1111
     Los Angeles, CA 90010
     Tel: (213)388-3887
     Fax: (213)388-1744

             About Center for Educational Leadership

Center for Educational is a non-profit organization doing business
as Inland Child and Adult Nutrition with its principal office at
711 West Foothill, Upland, California. ICAN provides nutritional
meals for at-risk youth and adult ex-offenders.  It provides theses
meals for different government institutions and for-profit
corporation.

Center for Educational Leadership sought protection under Chapter
11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No. 17-20324) on
Dec. 16, 2017.  Judge Wayne E. Johnson presides over the case.  At
the time of the filing, the Debtor estimated assets of less than
$100,000 and liabilities of less than $500,000.


CESAR CHAVEZ PCS: S&P Cuts Rating on 2011 School Bonds to B-
------------------------------------------------------------
S&P Global Ratings lowered its rating on District of Columbia's
series 2011 tax-exempt fixed-rate revenue bonds, issued for Cesar
Chavez Public Charter Schools, four notches to 'B-' from 'BB'. The
outlook is negative.

The rating action reflects S&P Global Ratings' view of Chavez
Schools' future over the next 12 months-15 months and,
subsequently, its ability to meet debt-service obligations; the
rating service, however, expects Chavez Schools to pay debt service
in fiscal 2018.

"We could lower the rating further if the school's bonds were to
accelerate, if the school were to experience a nonpayment event of
default, or if the near-term risk of nonpayment were to increase to
levels we believe warrant additional rating notching," said S&P
Global Ratings credit analyst Melissa Brown. "We could revise the
outlook to stable if the school were to assess and resolve its
technical events of default adequately and if it were to obtain
waivers while demonstrating academic performance growth that
satisfies charter-agreement provisions in a way that materially
outpaces benchmarks. However, we do not currently expect to raise
the rating during the one-year outlook period due to the recent
poor performance and our view of the current charter risks that
could materialize over the next few years."

District of Columbia Public Charter School Board voted, at Chavez
Schools' 20-year review on Dec. 18, 2017, to continue the school's
charter with multiple conditions. These conditions include the
closure of the Parkside Middle School campus and the potential
closure of the Chavez Prep and Capitol Hill campuses during any of
the next three school years if they do not meet target academic
scores.

The negative outlook further reflects S&P Global Ratings' opinion
that these factors could result in additional downward notching of
the rating over the next school year. The negative outlook also
reflects the rating service's opinion of the potential inadequate
debt service coverage from operations in fiscal 2019 due to the
closure of the Parkside middle school campus and the potential
closure of the remaining campuses if they fail to meet academic
performance requirements stipulated in the charter.

Revenue of Cesar Chavez, as defined in governing bond documents,
primarily per pupil funding from the District of Columbia, secures
the bonds.


DIAMOND BRITE: Unsecureds to be Paid from Sale Proceeds of Car Wash
-------------------------------------------------------------------
Diamond Brite Enterprises, LLC, filed with the U.S. Bankruptcy
Court for the Western District of Texas a disclosure statement,
dated Jan. 19, 2018, describing its proposed plan of
reorganization.

Class 2 under the plan consists of the general unsecured creditors.
After payment of administrative costs, the secured claim of
$16,717.96; and the IRS priority claim, the estimated sum
of$53,105.46 will be available to pay this class. The allowed
claims in this class will be paid a pro-rata share of all remaining
cash generated from the sale of the Debtor's car wash. "Remaining
cash" here means that fund left after payment of administrative
costs, secured claims (if any), and priorities tax claims described
elsewhere in this Plan. Once all claims are allowed, the Disbursing
Agent will pay these creditors their pro rata share. Since
unsecured creditors will receive essentially exactly what they
would receive under Chapter 7 liquidation, the class is not
impaired.

Payments and distributions under the Plan will be funded from the
monies in the Debtor in Possession account.

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

     http://bankrupt.com/misc/txwb17-51391-48.pdf

                    About Diamond Brite

Diamond Brite Enterprises, LLC --
http://www.diamondbritecarcare.com/-- is a full service car wash  
and oil & lube services provider in San Antonio, Texas.

Diamond Brite filed a Chapter 11 petition (Bankr. W.D. Tex. Case
No. 17-51391) on June 13, 2017.  In its petition, the Debtor
estimated $1 million to $10 million in assets and liabilities.  The
petition was signed by Andrew L. Foster, manager.

The Hon. Craig A. Gargotta presides over the case.

Dean W. Greer, Esq., at the Law Offices of Dean W. Greer, serves as
bankruptcy counsel.


DIFFUSION PHARMACEUTICALS: Launches $12M Public Stock Offering
--------------------------------------------------------------
Diffusion Pharmaceuticals Inc. has priced an underwritten public
offering of an aggregate of 15,000,000 shares of common stock of
the Company, together with warrants to purchase up to 15,000,000
shares of common stock of the Company, at a public offering price
of $0.80 per share and associated warrant.  Each warrant will have
an exercise price of $0.80 and will expire five years from the date
of issuance.

H.C. Wainwright & Co. is acting as the sole book-running manager
for the offering.

The Company has also granted the underwriter a 30-day option to
purchase up to 2,250,000 additional shares of common stock and/or
additional warrants to purchase up to 2,250,000 shares of common
stock, at the public offering price, less underwriting discounts
and commissions.  The gross proceeds to Diffusion from this
offering are expected to be $12.0 million, before deducting the
underwriting discounts and commissions and other estimated offering
expenses payable by Diffusion, assuming no exercise of the
underwriter's option to purchase additional securities and none of
the warrants issued in this offering are exercised.  The offering
is expected to close on or about on Jan. 22, 2018, subject to the
satisfaction of customary closing conditions.

Diffusion anticipates using the net proceeds from the offering,
together with its existing cash and cash equivalents, to fund
research and development of its lead product candidate,
transcrocetinate sodium, also known as trans sodium crocetinate
(TSC), including clinical trial activities, and for general
corporate purposes.

The securities are being offered by the Company pursuant to a
registration statement previously filed with and declared effective
by the Securities and Exchange Commission on Jan. 17, 2018.  A
preliminary prospectus relating to the securities being offered has
been filed with the SEC on Jan. 16, 2018 and is available on the
SEC's website at http://www.sec.gov. Copies of the preliminary
prospectus, and when available, copies of the final prospectus
relating to the offering may be obtained from H.C. Wainwright &
Co., LLC, 430 Park Avenue, New York, NY 10022, by telephone at
646-975-6996 or by email at placements@hcwco.com, or at the SEC’s
website at http://www.sec.gov.

                  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.


DORAN LOFTS: California Court Dismisses Dorn Platz Appeal
---------------------------------------------------------
District Judge R. Gary Klausner entered an order dismissing the
appeals case captioned Dorn Platz Management, Inc., Appellant, v.
Neuman Properties and Development, LLC; Delovely Properties, LLC;
Dove Street Capital Lenders, LLC; and Doran Lofts, LLC, Appellees,
District Court Case No. 2:17-CV-3915-RGK (C.D. Cal.).

On Jan. 12, 2018, Dorn Platz Management, Inc. filed the Stipulation
(Motion) and Dismissal Agreement of Dorn Platz Management, Inc.,
Neuman Properties & Development, LLC, and Delovely Properties, LLC
for Order Dismissing Appeal. Good cause appearing, the stipulation
is approved and the motion is granted.

The bankruptcy case is in re: Doran Lofts, LLC, a limited liability
company, Chapter 11, Debtor, Bankruptcy Court Case No.
2:16-bk-10015-BB (Bankr. C.D. Cal.)

A copy of Judge Klausner's Order dated Jan. 16, 2018 is available
at https://is.gd/zCc2Cy from Leagle.com.

Dorn Platz Management, Inc., Appellant, represented by James Scott
Bovitz -- bovitz@bovitz-spitzer.com -- Bovitz and Spitzer & John
Paul Schock, Schock and Schock ALC.

Newman Properties and Development, LLC & Delovely Properties LLC,
Appellees, represented by Christopher O. Rivas --
crivas@reedsmith.com -- Reed Smith & Marsha A. Houston --
mhouston@reedsmith.com -- Reed Smith LLP.

Doran Lofts, LLC, Appellee, represented by James A. Tiemstra --
jat@tiemlaw.com -- Tiemstra Law Group PC & Lisa Lenherr --
ll@tiemlaw.com -- Tiemstra Law Group PC.

Dove Street Capital Lenders, LLC, Appellee, represented by
Christopher Lane Blank, Christopher L. Blank Law Offices.

                    About Doran Lofts

Doran Lofts, LLC, owns, operates, and developed the property, a
20-unit apartment building which is the principal asset of the
Debtor.  The Debtor's principal liabilities are the secured liens
on the property.

The Debtor filed a Chapter 11 petition (Bankr. C.D. Cal. Case No.
16-10015) on Jan. 4, 2016.  The Debtor is represented by James A.
Tiemstra, Esq., at Tiemstra Law Group PC.


DRONE USA: Receives $53,000 From Debt Financing
-----------------------------------------------
Drone USA, Inc. entered into a securities purchase agreement with
Power Up Lending Group Ltd. on Jan. 3, 2018, under which Drone USA
received $53,000 in return for issuing a convertible promissory
note in the principal amount of $53,000.  Power Up received a right
of first refusal for the first nine months from the date of the
Note to provide any debt or equity financing less than $150,000.
The Note bears interest at 10% per annum and has a maturity date of
Oct. 15, 2018.  The Note may be prepaid at a premium ranging from
112% to 137% depending on the length of time following the date of
the Note.  The Note is convertible after 180 days into shares of
Drone USA common stock at a discount of 35% of the average of the
two lowest closing bid prices of Drone USA's common stock 15 days
prior to the date of conversion and the maximum number of shares
issued to Power Up may not exceed 4.99% of the issued and
outstanding shares of Drone USA common stock. The Note is subject
to customary default provisions, including a cross default
provision.  Drone USA is required to have authorized for issuance
six times the number of shares that would be issuable upon full
conversion of the Note (assuming that the 4.99% limitation is not
in effect) and based on the applicable conversion price of the Note
in effect from time to time, initially to be 3,462,355 shares of
common stock.

                       About Drone USA

Based in West Haven, Connecticut, Drone USA, Inc. is an unmanned
aerial vehicles and related services and technology company that
intends to engage in the research, design, development, testing,
manufacturing, distribution, exportation, and integration of
advanced low altitude UAV systems, services and products.  Drone
also provides product procurement, distribution, and logistics
services through its wholly-owned subsidiary, HowCo Distributing
Co., to the United States Department of Defense and Defense
Logistics Agency.  The Company has operations based in West Haven,
Connecticut and Vancouver, Washington.  The Company is registered
with the U.S. State Department and has met the requirements of the
Arms Export Control Act and International Traffic in Arms
Regulations.  The registration allows for the Company to apply for
export, and temporary import, of product, technical data, and
services related to defense articles.  The Company continues to
seek strategic acquisitions and partnerships with UAV firms that
offer superior technologies in high-growth markets, as well as
acquisitions and partnerships with firms that have complementary
technologies and infrastructure.

Drone USA reported a net loss of $7.82 million for the fiscal year
ended Sept. 30, 2017, following a net loss of $5.95 million for the
fiscal year ended Sept. 30, 2016.  As of Sept. 30, 2017, Drone USA
had $6 million in total assets, $12.41 million in total liabilities
and a total stockholders' deficit of $6.41 million.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification in its report on the consolidated financial
statements for the year ended Sept. 30, 2017, citing that the
Company has a net loss and net cash used in operating activities in
fiscal 2017 of $7,826,933 and $478,769, respectively, and has a
working capital deficit, stockholders' deficit and an accumulated
deficit of $10,360,702, $6,410,086 and $13,856,425, respectively,
at Sept. 30, 2017.  Furthermore, the Company has been in default on
a material convertible note payable since March 2017 and defaulted
on the Note Payable -- Seller in September 2017.  These matters
raise substantial doubt about the Company's ability to continue as
a going concern.


DYESS MEDICAL: Taps Richard W. Martinez as Legal Counsel
--------------------------------------------------------
Dyess Medical Center, Inc., seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Louisiana to hire Richard W.
Martinez, APLC 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:

     Richard Martinez, Esq.      $350
     Associates               $150 - $250
     Law Clerks                $75 - $125
     Paralegals                $65 - $95

Richard Martinez, Esq., disclosed in a court filing that he is a
"disinterested person" as defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Richard W. Martinez, Esq.
     Richard W. Martinez, APLC
     228 St. Charles Ave., Suite 1311
     New Orleans, LA 70130
     Tel: (504) 525-3343
     E-mail: richard@rwmaplc.com

                  About Dyess Medical Center

Dyess Medical Center, Inc., and Tower Properties, LLC, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. E.D. La.
Case Nos. 17-11907 and 17-11909) on July 20, 2017. James M. Dyess,
their president, signed the petitions.  At the time of the filing,
the Debtors estimated assets and liabilities of less than $1
million.  Judge Elizabeth W. Magner presides over the cases.


ELDERHOME LAND: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
The Office of the U.S. Trustee on Jan. 22 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Elderhome Land, LLC.

                     About Elderhome Land LLC

Founded in 1999, Elderhome Land, LLC is a privately-held company
with its principal place of business at 15623 Riding Stable Road,
Laurel, Maryland.  The company listed its business as a single
asset real estate (as defined in 11 U.S.C. Section 101(51B)).  

Elderhome Land sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Md. Case No. 17-26767) on December 15, 2017.
Thomas Morris, its president, signed the petition.  

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

Judge Wendelin I. Lipp presides over the case.  Discepolo, LLP is
the Debtor's bankruptcy counsel.

The Debtor first filed for bankruptcy protection (Bankr. D. Md.
Case No. 17-24324) on Oct. 26, 2017.


FAMILY CHIROPRACTIC: Court Confirms Third Amended Chapter 11 Plan
-----------------------------------------------------------------
Judge Catherine Peek McEwen of the U.S. Bankruptcy Court for the
Middle District of Florida approved Family Chiropractic Health
Centers, Corp.'s third amended disclosure statement and confirmed
its accompanying third amended plan of reorganization dated Dec.
21, 2017.

The Court finds that the Plan satisfies all the mandatory
requirements of 11 U.S.C. section 1123(a). Additional provisions
contained in the Plan are consistent with permissive plan
provisions authorized by 11 U.S.C. section 1123(b).

The Plan is also fair, equitable, reasonable and proper, is in the
best interests of the Debtor’s estate, and is binding on all
creditors.

The Court will conduct a post-confirmation status conference on
March 22, 2018 at 1:30 p.m., in Courtroom 8B, Sam M. Gibbons United
States Courthouse, 801 N. Florida Avenue.

                  About Family Chiropractic

Family Chiropractic Health Centers, Corp., filed a Chapter 11
bankruptcy petition (Bankr. M.D. Fla. Case No. 16-08291) on Sept.
26, 2016, disclosing under $1 million in both assets and
liabilities. The Debtor is represented by David W. Steen, Esq., at
David W. Steen, P.A.

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


FIRSTENERGY CORP: S&P Rates $1.62BB Convertible Pref. Stock 'BB'
----------------------------------------------------------------
S&P Global Ratings assigned a 'BB' rating to FirstEnergy Corp.'s
(FE) $1.62 billion convertible preferred stock issuance.

At the same time, S&P affirmed its 'BBB-' issuer credit rating on
FE and the 'BB+' rating on its unsecured debt. The rating outlook
is stable.

FE is issuing about $850 million of common equity and about $1.62
billion of convertible preferred stock. S&P said, "We are also
treating the convertible preferred stock as having intermediate
(50%) equity credit because it is subordinated, the dividends are
deferrable, and they have no maturity. Although the preferred stock
is mandatorily convertible, and we fully expect it to be common
equity by the end of 2019, it does not warrant greater equity
content under our criteria due to the conversion price. We view
these equity issuances as adding cushion to the company's downgrade
threshold at the current rating level."

S&P said, "The stable outlook of FE reflects our expectations that
FES will file for bankruptcy in the near term, which would improve
FE's business risk profile but also weaken its financial risk
profile.

"Although unlikely, we could lower the rating by one notch within
the next 24 months if FE's consolidated FFO to debt consistently
declines to below 10%."

"We could raise the rating within the next 12 months if FE can
enter into an exchange with the FES creditors that demonstrates a
well-managed restructuring process and at the same time it
maintains FFO to debt of 11% or greater. This restructuring would
significantly reduce much of the uncertainties regarding FES and
avoid a potentially years-long protracted outcome."


FIRSTENERGY SOLUTIONS: Fire Hits Bruce Mansfield Plant
------------------------------------------------------
FirstEnergy Solutions Corp. disclosed in a Form 8-K filed with the
Securities and Exchange Commission that on the morning of Jan. 10,
2018, Bruce Mansfield Plant personnel were in the process of
shutting down Unit 1 for a maintenance outage when an equipment
failure resulted in an unplanned outage for Unit 2 that led to the
loss of Plant power.  Later that morning, a fire damaged the
scrubber, stack and other Plant property and systems associated
with Units 1 and 2.  Evaluation of the extent of the damage, which
may be significant, to the scrubber, stack and other Plant property
and systems associated with Units 1 and 2 is underway and is
expected to take several weeks.  Unit 3, which had been offline for
maintenance, was unaffected by the January 10th fire.

                        About FirstEnergy

Headquartered in Akron, Ohio, FirstEnergy and its subsidiaries are
principally involved in the generation, transmission and
distribution of electricity.  FirstEnergy's ten utility operating
companies comprise one of the nation's largest investor-owned
electric systems, based on serving six million customers in the
Midwest and Mid-Atlantic regions.  Its regulated and unregulated
generation subsidiaries control nearly 17,000 MWs of capacity from
a diverse mix of non-emitting nuclear, scrubbed coal, natural gas,
hydroelectric and other renewables.  FirstEnergy's transmission
operations include approximately 24,000 miles of lines and two
regional transmission operation centers.  Visit
www.firstenergycorp.com for more information.

FirstEnergy reported a net loss of $6.17 billion for the year ended
Dec. 31, 2016, compared to net income of $578 million for the year
ended Dec. 31, 2015.

PricewaterhouseCoopers LLP, in Cleveland, Ohio, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that FirstEnergy Solutions
Corp.'s current financial position and the challenging market
conditions impacting liquidity raise substantial doubt about its
ability to continue as a going concern.

                          *     *    *

As reported by the TCR on Dec. 20, 2017, Fitch Ratings had affirmed
FirstEnergy Corporation's Long-Term IDR at 'CC'.

In August 2017, S&P Global Ratings said it lowered its issuer
credit rating on FirstEnergy Solutions Corp. to 'CCC-' from 'CCC'.
S&P said, "The rating action stems from the recent announcement by
FirstEnergy Solutions that it was pursuing exchange discussions
with its creditors."

FirstEnergy Solutions Corp carries a 'Caa1' corporate family rating
from Moody's.


FLEXERA SOFTWARE: Moody's Affirms B2 CFR & Alters Outlook to Neg.
-----------------------------------------------------------------
Moody's Investors Service affirmed Flexera Software LLC's B2
corporate family rating ("CFR"), and its B2-PD probability of
default rating, in connection with the proposed refinancing.
Moody's also assigned a B1 rating to the company's new first lien
credit facilities and a Caa1 rating to the company's new second
lien credit facility. The outlook is negative.

Proceeds from i) a new $550 million first lien term loan, ii) new
$125 million second lien term loan, iii) approximately $16 million
of cash from the balance sheet and iv) $250 million in new equity
from financial sponsor TA Associates will be used to i) buy out
Thoma Bravo's existing equity stake and a portion of the existing
equity of Teachers Capital and certain other equity holders, ii)
repay all existing indebtedness and iii) pay related fees &
expenses. The new $25 million first lien revolver is expected to be
undrawn at closing.

The change in outlook to negative from stable reflects the
company's prolonged very high financial leverage, resulting from
aggressive financial policies. In Moody's September 2017 Credit
Opinion, published for the BDNA acquisition, Moody's expected
leverage to decrease to the low 6x by the end of 2018. With debt
increasing by about $65 million for the new credit facilities,
leverage is expected to now be about 6.4x (absent additional debt
financed dividends or acquisitions) in 12 to 18 months, which is
very elevated.

RATINGS RATIONALE

The B2 Corporate Family Rating reflects Flexera's high leverage of
about 7.0x (Moody's adjusted, including cost synergies, but
excluding deferred revenues, as of PF September 30, 2017), as well
as modest operating scale resulting from a limited product
portfolio focused on software license usage for software producers
and enterprise customers. The rating incorporates Flexera's
aggressive financial policy, as demonstrated by their dividend
recapitalization transaction in April 2014 and recent debt financed
acquisitions and other transactions, which have resulted in balance
sheet debt well in excess of revenues. The aggressive financial
policy limits the company's financial flexibility in case of any
performance deterioration. Absent further acquisitions or
dividends, Moody's expect leverage on a debt to EBITDA basis to be
about 6.4x over the next 12 to 18 months.

The rating derives support from the company's successful track
record of deleveraging and good revenue growth prospects. The
company delevered from a high of 6x at the September 2011 leveraged
buyout by Teachers Capital to about 4.3x prior to their April 2014
dividend recapitalization transaction that brought leverage to
about 6.6x. Positive ratings consideration is also given to the
company's large installed base of customers, leading position and
well regarded products in the segments where the company operates,
high levels of recurring revenues with high renewal rates and
modest capital expenditure requirements. The September 2017 BDNA
acquisition, which is progressing as planned, provides Flexera with
a portfolio of products that increase its total addressable market
with a data platform that powers the software supply chain, and
also enhances Flexera's existing SLO and SVM solutions. The company
has built a leading position primarily competing against internally
developed systems of software publishers and enterprise customers.

Moody's expects Flexera to maintain a good liquidity profile over
the next 12 months. Pro forma for the refinancing as of September
30, 2017, the company's sources of liquidity consist of its cash
and cash equivalents of roughly $15 million and a $25 million
undrawn revolving first lien credit facility. Over the next 12
months Moody's anticipates FCF to debt to be in the low single
digits. Flexera does not have meaningful sources of alternate
liquidity as substantially all assets of the company and its
subsidiaries are encumbered by the senior secured credit
facilities. Moody's expect Flexera's new credit agreement will have
a springing total leverage covenant applicable to the first lien
revolver (when 35% utilized) only, which Moody's assume will be set
with roughly a 35% cushion at closing. Moody's anticipates Flexera
will maintain good cushion under this covenant over the next 12
months.

The negative outlook reflects the company's prolonged very high
financial leverage, resulting from aggressive financial policies.
Leverage is expected to be about 6.4x (absent additional debt
financed dividends or acquisitions) in 12 to 18 months.

Given Flexera's modest scale and aggressive financial policy, a
ratings upgrade is not anticipated in the intermediate term.
However, Moody's could upgrade Flexera's ratings if the company
demonstrates solid growth in earnings and pursues more conservative
financial policies. Specifically, Flexera's ratings could be
upgraded if the company sustains leverage on a debt to EBITDA basis
(Moody's adjusted) of less than 4x and FCF to debt in excess of
15%.

The ratings could be downgraded if revenue growth decelerates
materially and weak operating performance causes us to expect
Flexera's leverage on a debt to EBITDA basis (Moody's adjusted) to
be sustained over 6.5x, or FCF to remain below 5% of total debt for
an extended period of time. The ratings could also be downgraded if
Flexera's liquidity weakens or the credit profile deteriorates as a
result of large debt-financed acquisitions or any further
shareholder enhancement initiatives.

The following ratings were affirmed:

Issuer: Flexera Software LLC

Corporate Family Rating - B2

Probability of Default Rating - B2-PD

The following ratings were assigned:

New senior secured first lien revolving credit facility - B1
(LGD3)

New senior secured first lien term loan credit facility - B1
(LGD3)

New senior secured second lien term loan credit facility - Caa1
(LGD6)

Outlook - Negative from Stable

The following ratings are to be withdrawn at close

Existing senior secured first lien revolving credit facility - B1
(LGD3)

Existing senior secured first lien term loan credit facility - B1
(LGD3)

Existing senior secured second lien term loan credit facility -
Caa1 (LGD6)

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

Headquartered in Itasca, IL, Flexera Software LLC provides
solutions that enable software publishers and enterprise customers
to install, monitor and manage application usage, optimize usage
and ensure compliance with software entitlements. The company
solutions include: i) Software License Optimization ("SLO"), ii)
Software Monetization ("SWM") for software publishers, iii)
Software Vulnerability Management ("SVM"), iv) Application
Readiness ("AR"), v) Installation ("IS"), vi) Software Composition
Analysis ("SCA") and vii) Data Platform. Flexera, owned by Ontario
Teacher's Pension Plan (primarily), Thoma Bravo, and management,
had revenues of about $300 million for pro forma LTM September 30,
2017.


FREEDOM LEAF: Appoints Richard Groberg as its New CFO
-----------------------------------------------------
Freedom Leaf Inc. has appointed Richard Groberg as its chief
financial officer to serve for an initial two-year term.

From July 2015 through the present date, Mr. Groberg has served in
various management roles at Ever Well Health Systems, Care and
Residence, which owns operates and manages healthcare facilities
for patients with mental health issues; from January 2014 to July
2015, Mr. Groberg was the CFO and vice president of Dixie Foods
International, Inc., which develops, owns and operates quick
service and fast casual restaurants in multiple regions; and from
March 2012 to June 2015, Mr. Groberg was the president of Harrison
James, LLC, a boutique iBank and management company.  Also, from
March 2012 through the present date, Mr. Groberg has been the
managing member of RSGroberg Consulting, LLC, a consulting company
providing CFO-related services to private equity firms, angel
groups, and other private enterprises.  Mr. Groberg has a B.A. in
English from Emory University and an M.B.A. in Finance from Fordham
University.

The Company has entered into a consulting agreement with Mr.
Groberg's entity with an initial two-year term, pursuant to which
Mr. Groberg will be paid (i) 800,000 shares of Company common stock
which will vest 25% 90 days after the effective date of the
agreement, 25% on the first anniversary of the effective date, and
50% on the second anniversary of the effective date; and (ii)
$5,000 per month, payable in stock until such time that the Company
is paying its directors monthly compensation primarily in cash, and
thereafter in cash.

                       About Freedom Leaf

Based in Las Vegas, Nevada, Freedom Leaf Inc. --
http://www.freedomleaf.com/-- is currently devoting its efforts to
the news, arts and entertainment niche, both in print and online
publications, and to providing services to the cannabis/hemp
industry.  The Company generates revenue through paid advertising
in publications, print and online, in the cannabis/hemp
marketplace.  The Company earns revenue from 1) providing
consulting services to companies who are in its industry, 2)
contracting with companies to brand, market, and sell their
products and/or services, 3) providing seminars in this space, 4)
selling branded products for the Company and others the Company
represents, 5) selling licenses, both domestic and foreign, for the
use of the Freedom Leaf brand that includes the Company's products
and services, and 6) pursuing mergers and/or acquisitions having
instituted an accelerator that began working with one company
starting during the year ended June 30, 2017.

Green & Company CPAs, Inc., in Temple Terrace, Florida, issued a
"going concern" qualification in its report on the consolidated
financial statements for the year ended June 30, 2017, citing that
the Company reported a net loss of $910,650 in 2017, and used cash
for operating activities of $435,450.  At June 30, 2017, the
Company had a working capital, shareholders' equity and accumulated
deficit of $467,659, $187,818 and $4,920,988, respectively.  These
matters raise substantial doubt about the Company's ability to
continue as a going concern.

As of Sept. 30, 2017, Freedom Leaf had $1.02 million in total
assets, $905,345 in total liabilities, $174,000 in commitments and
contingencies, and a total stockholders' defficit of $58,349.


GAGE COUNTY HOSPITAL: Fitch Withdraws BB+ Rating on 2010B Bonds
---------------------------------------------------------------
Fitch Ratings has withdrawn its ratings for the following bonds due
to prerefunding activity:

-- Gage County Hospital Authority No. 1 (Beatrice Community
Hospital and Health Center Project) health care facility revenue
bonds series 2010B (prerefunded maturities only - 362615AJ5,
362615AK2, 362615AL0). Previous Rating: 'BB+'/Outlook Stable.




GEN-KAL PIPE: Taps Lee M. Perlman as Legal Counsel
--------------------------------------------------
Gen-Kal Pipe & Steel Corp. seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire the Law Offices of Lee
M. Perlman as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; negotiate with creditors to resolve their claims;
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:

     Lee Perlman            $350
     Christopher Cassie     $300
     Michael Adler          $250

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

The firm can be reached through:

     Lee M. Perlman, Esq.
     Law Offices of Lee M. Perlman
     1926 Greentree Road, Suite 100
     Cherry Hill, NJ 08034
     Phone: 856-751-4224
     E-mail: ecf@newjerseybankruptcy.com

                 About Gen-Kal Pipe & Steel Corp.

Gen-Kal Pipe & Steel Corp. was founded in 1994.  The company's line
of business includes the marketing of metal products.

Gen-Kal Pipe & Steel first filed for Chapter 11 protection (Bankr.
D.N.J. Case No. 17-31527) on Oct. 24, 2017.

Gen-Kal Pipe & Steel Corp. again sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D.N.J. Case No. 18-10376) on Jan. 8,
2018.  Eugene Kalsky, president, signed the petition.  At the time
of the filing, the Debtor estimated assets and liabilities of less
than $1 million.  The Law Offices of Lee M. Perlman is counsel to
the Debtor.


GOPHER SUB: Moody's Assigns B3 Corp. Family Rating; Outlook Stable
------------------------------------------------------------------
Moody's Investors Service has assigned ratings to Gopher Sub Inc.,
including a B3 Corporate Family Rating ("CFR"), a B3-PD Probability
of Default Rating, and respective B2 and Caa2 instrument ratings on
the security-systems integrator's new first- and second-lien credit
facilities. Nearly $750 million in secured debt proceeds, plus a
substantial equity contribution from Ares Management ("Ares"), will
help fund Ares's $1.62 billion acquisition of Convergint from
another private equity owner. Upon closing of the transaction,
certain subsidiaries of the Gopher Sub Inc. entity will merge or
"collapse" into one another. After that consolidation, the
surviving entity, the borrower, will be called DG Investment
Intermediate Holdings 2, Inc. ("DG2"), while the company will
continue doing business as Convergint. The rating outlook is
stable.

Assignments:

Issuer: Gopher Sub Inc.

-- Probability of Default Rating, Assigned B3-PD

-- Corporate Family Rating, Assigned B3

-- $610 million senior secured first-lien bank credit facilities
    maturing 2023 and 2025, Assigned B2(LGD3)

-- $211 million senior secured second-lien bank credit facility
    maturing 2026, Assigned Caa2(LGD5)

-- $40 million senior secured delayed draw bank credit facility,
    Assigned B2(LGD3)

-- Outlook, Assigned Stable

RATINGS RATIONALE

Convergint's B3 CFR reflects very high, nearly 8.0 times Moody's
adjusted debt-to-EBITDA financial leverage, estimated at the
acquisition's closing, offset somewhat by a sizable and reoccurring
$830 million revenue base that Moody's expects will continue to
show healthy gains. Convergint enjoys a strong market presence in
the design, installation, and contractual service and maintenance
of electronic and physical commercial security systems, with
capabilities in fire alarm/notification and life safety. Moody's
expects demand for the integration of security systems to remain
robust, as commercial reliance on crucial but increasingly
sophisticated and innovative technologies grows. A dynamic
technology environment allows for periodic upgrades and retrofits,
supporting the re-occurring nature of Convergint's revenues.
Security and surveillance are becoming more of a core business
process as well, regardless of industry, and as such Convergint has
minimal customer or end market concentration, although the U.S. is
by far its biggest geographic market.

While double-digit organic revenue growth supports the rating, it
has been a function of a very active acquisition program aimed at
small, fast-growth targets, and Moody's believes the company's
having to operate under very high financial leverage may exacerbate
the normal stresses that integrations pose. The company has modest,
very-low-double-digit-percentage EBITDA margins, but Moody's
expects it can generate free cash flow of nearly $40 million in
2018, or in the low- to mid-single-digits as a percentage of debt,
about average for the B3 ratings category. Moody's believes,
however, that incremental expenses associated with acquisition
integrations will prevent debt-to-EBITDA leverage from declining
quickly, and Moody's expect the measure to hover near 7.0 times
through 2019.

Moody's views Convergint's liquidity as good, by virtue of an
undrawn and ample $75 million revolver, modest working capital
needs, and free cash flows going forward in the mid-single-digits
as a percentage of debt. Capital expenditures are modest, averaging
$12 million a year going forward, as are required amortization
payments, about $5.8 million annually (including required payments
on a $40 million delayed-draw first-lien term loan that is expected
to be funded in the first quarter). However, cash may not
accumulate because of the company's propensity to use excess cash
for acquisitions. And, given private equity ownership, Moody's
considers the risk of aggressive financial policy as weighing on
the ratings. Moody's expects the company to have meaningful cushion
within the credit agreement's single financial covenant: a
first-lien net leverage maximum relevant to the revolver only. The
covenant is triggered if revolver borrowings exceed 35% (about $26
million) of the commitment, and Moody's does not expect utilization
to exceed this amount over the next twelve to eighteen months.

The stable rating outlook reflects Moody's expectations that
Convergint will continue to realize strong rates of revenue growth,
through both acquisitions and organic growth, while margins hold
steady at their current, modest levels. In the light of the
company's aggressive acquisition program, Moody's doesn't expect
leverage to moderate meaningfully over the next twelve to eighteen
months.

Given the aggressive financial policy implied by both private
equity ownership and an active acquisition platform, a ratings
upgrade may be considered upon the achievement of ongoing strong
revenue gains, margin expansion, and significant, sustained
deleveraging below 6.0 times. The ratings could be downgraded if
Convergint experiences lower than expected revenue growth and
margin deterioration such that debt-to-EBITDA leverage drifts above
9.0 times on a sustained basis, or if the company undertakes
substantial debt-financed dividend distributions.

Gopher Sub Inc. (dba "Convergint") is a service-based organization
that designs, installs, and maintains building systems, with a
focus in the areas of security systems, and with ancillary services
in fire alarm/notification and life safety. The corporate entity
was formed to facilitate Ares Management's early 2018 acquisition
of Convergint from another private equity sponsor. Moody's expects
the company to generate 2018 revenues of more than $950 million.


HELIOS AND MATHESON: Four Directors Designated to MoviePass Board
-----------------------------------------------------------------
Helios and Matheson Analytics Inc. and MoviePass Inc. entered into
Amendment No. 1 to Voting Agreement on Jan. 16, 2018.  Pursuant to
the Amendment, which provides that it will be deemed effective for
all purposes as of Dec. 11, 2017, the chief executive officer of
MoviePass will be entitled to designate two persons to serve on the
MoviePass board of directors and the chief executive officer of
Helios and Matheson will be entitled to designate three persons to
serve on the MoviePass board of directors.  Mitchell Lowe, the
chief executive officer of MoviePass, has designated himself and
Chris Kelly as directors of MoviePass.  Theodore Farnsworth, the
Company's chief executive officer, has designated himself and Carl
Schramm as directors of MoviePass.  Mr. Farnsworth has not yet
designated a third director of MoviePass.

                    About Helios and Matheson

Helios and Matheson Analytics Inc. (NASDAQ: HMNY) --
http://www.hmny.com/-- provides information technology consulting,
training services, software products and an enhanced suite of
services of predictive analytics.  Servicing Fortune 500
corporations and other large organizations, HMNY focuses mainly on
BFSI technology verticals. HMNY's solutions cover the entire
spectrum of IT needs, including applications, data, and
infrastructure.  HMNY is headquartered in New York, NY and listed
on the NASDAQ Capital Market under the symbol HMNY.

The Company had a net loss of $7,381,071 and $2,110,117 for the
years ended Dec. 31, 2016 and 2015, respectively.  As a result,
these conditions had raised substantial doubt regarding its ability
to continue as a going concern.

As of Dec. 31, 2016, the Company had cash and working capital of
$2,747,240 and $1,229,389, respectively.  During the year ended
Dec. 31, 2016, the Company used cash from operations of $2,134,313.
In addition, as of the date the financial statements were issued,
the Company has notes receivable of $6,900,000 from a convertible
note holder.  Management believes that current cash on hand coupled
with the notes receivable makes it probable that the Company's cash
resources will be sufficient to meet the Company's cash
requirements through approximately April 2018.  If necessary,
management also determined that it is probable that external
sources of debt and/or equity financing could be obtained based on
management's history of being able to raise capital coupled with
current favorable market conditions.  As a result of both
management's plans and current favorable trends in improving cash
flow, the Company concluded that the initial conditions which
raised substantial doubt regarding the ability to continue as a
going concern have been alleviated.


HELIOS AND MATHESON: Signs CFO to Three-Year Term
-------------------------------------------------
Helios and Matheson Analytics Inc. entered into an employment
agreement with Stuart Benson, its chief financial officer on Jan.
8, 2018.  The term of the Agreement will expire on Dec. 31, 2020
and, following the expiration of the initial term, will be
automatically renewed for additional consecutive terms of one year,
unless either the Company or Mr. Benson objects to the renewal at
least ninety days prior to the commencement of the renewal term.

Pursuant to the Agreement, Mr. Benson's base salary will be
$275,000 per year, retroactive to Jan. 1, 2018, and will be
increased on the first day of each calendar year thereafter in an
amount that is no less than 7% of the base salary.

For 2017, Mr. Benson will receive a performance bonus consisting of
(i) cash in the amount of $150,000, payable no later than Jan. 31,
2018; (ii) 300,000 shares of the Company's common stock for
extraordinary services related to the Company’s acquisition of a
majority stake in MoviePass Inc.; and (iii) 100,000 shares of the
Company's common stock for outstanding performance of his general
duties in 2017.  The shares of common stock will vest in their
entirety on Feb. 15, 2019 and will be issued no later than March
15, 2018.  For each subsequent year of the term, Mr. Benson may
receive an annual bonus, made up of cash and shares of the
Company's common stock, as determined in the sole discretion of the
Board based on its assessment of Company and individual performance
in relation to performance targets, a subjective evaluation of Mr.
Benson's performance or such other criteria as may be established
by the Board.  The annual cash target bonus will be 50% of Mr.
Benson's base salary and, if granted, the annual award of shares of
the Company’s common stock will be as follows: (i) for services
rendered during 2018, 300,000 shares; (ii) for services rendered
during 2019, 325,000 shares; and (iii) for services rendered during
2020, 400,000 shares.  The shares of common stock included in the
annual bonus, if any, will vest ratably at the end of each of the
six calendar quarters subsequent to the calendar quarter in which
the grant is made.  Any award of common stock made pursuant to the
Agreement will be subject to the Company's receipt of all corporate
approvals required by applicable law or the rules and regulations
of the Nasdaq Capital Market or such other national securities
exchange in the United States on which the Company’s common stock
is then listed and the terms of a Restricted Stock Award Agreement
between Mr. Benson and the Company.

The Company will grant to Mr. Benson an award of 600,000 shares of
common stock, subject to the terms of an award agreement.  The
shares shall vest in their entirety on Feb. 15, 2019, eighteen
months following Aug. 15, 2017, the date on which the Company
entered into a Securities Purchase Agreement to acquire a majority
stake in MoviePass Inc., which contemplated that the Company would
enter into an employment agreement with Mr. Benson prior to the
closing under the MoviePass Securities Purchase Agreement.

Other Benefits

Life Insurance.  The Company will pay the premiums of an insurance
policy insuring Mr. Benson's life, providing coverage in the amount
of $3,000,000, payable to a beneficiary chosen by Mr. Benson.

Automobile Allowance. Mr. Benson will receive an automobile
allowance of $750 per month.

Company Benefits. Mr. Benson will be entitled to participate in all
pension, savings and retirement plans, welfare and insurance plans,
practices, policies, programs and perquisites of employment
applicable generally to other senior executives of the Company.

Termination Provisions

The Company may terminate the Agreement as a result of the death or
disability, as defined in the Agreement, of Mr. Benson or for
"cause" as defined in the Agreement.  Mr. Benson may terminate the
Agreement upon 30 days' notice to the Company or for "good reason,"
as defined in the Agreement.  If the Agreement is terminated by Mr.
Benson for any reason other than good reason, terminated by the
Company for cause, or expires by its terms, Mr. Benson will receive
earned but unpaid base salary, unpaid expense reimbursements, any
earned but unpaid annual bonus, and the value of any accrued and
unused vacation days.

If the Agreement is terminated due to his death or disability, Mr.
Benson will receive the Accrued Obligations; a pro-rata portion of
the annual bonus, if any, for the fiscal year in which the
termination occurs; accelerated vesting of any equity-incentive
awards that are subject to time-based vesting; subject to a valid
election under the Consolidated Omnibus Budget Reconciliation Act
of 1985, as amended, reimbursement of health insurance premiums,
for himself or his dependents in the event of his death, for a
period of 18 months; and, in the event of his disability,
continuation of the base salary until the earlier of (A) the 12
month anniversary of the termination date of his employment and (B)
the date Mr. Benson is eligible to commence receiving payments
under the Company's long-term disability policy.

If Mr. Benson's employment is terminated without cause by the
Company, due to a Change in Control, as defined in the Agreement,
or for good reason by Mr. Benson, he will receive the Accrued
Obligations; severance in a single lump sum installment in an
amount equal to 2 times the sum of (A) the base salary plus (B) an
amount equal to 2 times the maximum annual bonus for which he is
eligible in the fiscal year in which the termination of his
employment occurs, or if there is no annual bonus for which he is
eligible in that year, then 2 times the annual bonus most recently
paid to him; a pro-rata portion of the annual bonus, if any, for
the fiscal year in which the termination occurs; accelerated
vesting of any equity-incentive awards; and subject to a valid
election under COBRA, reimbursement of health insurance premiums
for a period of 18 months.

If, as of the date of a Change in Control, Mr. Benson holds stock
options that are not vested and exercisable, such stock options
will become fully vested and exercisable, as of the date of the
Change in Control if the acquirer does not agree to assume the
awards or substitute equivalent stock options.

In conjunction with the execution of the Agreement, the Board
renounced on behalf of the Company and its shareholders all
interest and expectancy to (or being offered any opportunity to
participate in) any opportunity presented to Mr. Benson that may be
considered a corporate opportunity of the Company, except with
respect to opportunities in which the Company would be interested
in the ordinary course of its business and which are presented to
Mr. Benson in his capacity as an executive officer of the Company.

The Agreement includes standard provisions relating to maintaining
the confidentiality of the Company's confidential information,
non-solicitation of the Company's employees and indemnification.

                      About Helios and Matheson

Helios and Matheson Analytics Inc. (NASDAQ: HMNY) --
http://www.hmny.com/-- provides information technology consulting,
training services, software products and an enhanced suite of
services of predictive analytics.  Servicing Fortune 500
corporations and other large organizations, HMNY focuses mainly on
BFSI technology verticals. HMNY's solutions cover the entire
spectrum of IT needs, including applications, data, and
infrastructure.  HMNY is headquartered in New York, NY and listed
on the NASDAQ Capital Market under the symbol HMNY.

The Company had a net loss of $7,381,071 and $2,110,117 for the
years ended Dec. 31, 2016 and 2015, respectively.  As a result,
these conditions had raised substantial doubt regarding its ability
to continue as a going concern.

As of Dec. 31, 2016, the Company had cash and working capital of
$2,747,240 and $1,229,389, respectively.  During the year ended
Dec. 31, 2016, the Company used cash from operations of $2,134,313.
In addition, as of the date the financial statements were issued,
the Company has notes receivable of $6,900,000 from a convertible
note holder.  Management believes that current cash on hand coupled
with the notes receivable makes it probable that the Company's cash
resources will be sufficient to meet the Company's cash
requirements through approximately April 2018.  If necessary,
management also determined that it is probable that external
sources of debt and/or equity financing could be obtained based on
management's history of being able to raise capital coupled with
current favorable market conditions.  As a result of both
management's plans and current favorable trends in improving cash
flow, the Company concluded that the initial conditions which
raised substantial doubt regarding the ability to continue as a
going concern have been alleviated.


HOBBICO INC: U.S. Trustee Forms 3-Member Committee
--------------------------------------------------
The Office of the U.S. Trustee on Jan. 22 appointed three creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 case of Hobbico, Inc.

The committee members are:

     (1) Tamiya America, Inc.
         Attn: Brian Matteson
         36 Discovery, Suite 200
         Irvine, CA 92618
         Phone: 949-326-2240
         Fax: 949-326-2250    
   
     (2) Creata Macao Commercial Offshore Ltd.
         Attn: Justin Gerak
         1801 S. Meyers Rd., Suite 400
         Oakbrook Terrace, IL 60181
         Phone: 630-861-2233
         Fax: 636-861-2111   

     (3) Mile Hao Xiang Technology Co., Ltd.
         Attn: Dong Lin.
         Mile Industrial Park
         Mi Yang Industrial District
         Mile City, Honghe Prefecture
         Yunnan Province, China
         Fax: +86-873-6131518

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

                       About 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.


HORNED DORSET: PRTC Claim from 2004 to 2009 Not Time-Barred
-----------------------------------------------------------
Judge Enrique S. Lamoutte of the U.S. Bankruptcy Court for the
District of Puerto Rico denied The Horned Dorset Primavera Inc.'s
objection to claim No. 4 filed by the Puerto Rico Tourism Company.

On June 2, 2015, the PRTC filed proof of claim #4-1 in the amount
of $1,208,489.47 and listed the entire amount of its claim as a
priority under 11 U.S.C. section 507(a)(8). The basis of the PRTC
claim consists of unpaid room taxes. PRTC indicated that the amount
owed from the debt that was transferred from the Puerto Rico
Treasury Department is in the amount of $228,072 for the years 1999
through 2003, and the remainder amount of $980,417 was for the
PRTC's debt, which includes principal, interests and surcharges for
the period of March 2004 through April 2015. The amount of $980,417
is broken down in the following manner: $658,130 is allocated to
principal; $226,971 to interests and $95,316 is to surcharges.

The Debtor's objection to PRTC's proof of claim number 4 is
premised on the following grounds: (i) claim 4 includes principal,
interest, and surcharges that are time barred by the statute of
limitations, in particular, any debt prior to February 2004,
pursuant to Article 39 of the Commonwealth of Puerto Rico Room
Occupancy Rate Tax Act; (ii) PRTC has no legal authority to collect
taxes prior to Jan. 3, 2004, thus the amount of $228,072.47 claimed
for taxes for years 1999-2003 should be disallowed; (iii) the
penalties and surcharges are not entitled to priority status (iv)
all interests, surcharges and penalties that are more than five
years old are also time barred by the statute of limitations
pursuant to Article 1866 of the Puerto Rico Civil Code; (v) the
service charge is not considered taxable income for the purposes of
calculating the room taxes owed by the Debtor under the Room Tax
Act; and (vi) PRTC levies compound interest over the penalties and
surcharges previously accrued pursuant to Article 46 of the Room
Tax Act, 13 L.P.R.A. section 2272j. Admittedly, only principal tax
balance and interest are entitled to priority. Thus the total
amount of interest includes interests improperly accrued over
surcharges which are not a priority.

Upon analysis, the court finds that there is no statute of
limitations to conduct an assessment of the debt or deficiency
pursuant to Article 38 of the Room Tax Act, and once the debt is
assessed, the PRTC has 10 years to collect on the same in
conformity with Article 39 of the Room Tax Act. The audit performed
by the PRTC and the requests made by the PRTC to the Debtor to file
the amended room tax declarations and the collection of room tax
lawsuit interrupted the 10-year statute of limitations period to
collect on the room tax debt or deficiency. PRTC assessed the
deficiency for the room tax for the year 2007 (in the amount of
$8,035) in the amended June 30, 2009 audit report and also
requested the amended room tax declarations from March 2004 through
December 2006 and for the years 2008 through May 2009 in order to
assess the debt or deficiency for this period. Thus, as of June 30,
2009, the PRTC had not assessed the debt or deficiency for the
referenced period, and the 10-year statute of limitations had not
begun to run. Subsequently, the PRTC filed a collection of room tax
lawsuit against the Debtor on Feb. 3, 2014, within less than five
years of the June 30, 2009 letter. Thus, the court concludes that
the PRTC's claim for principal, interest, and surcharges from March
2004 through February 2009 is not time-barred.

The Court concludes that the PRTC’s claim is a priority claim in
the amount of $1,113,173.47 (principal and interests), and the
remainder $95,316 for surcharges is a general unsecured claim.

A full-text copy of Judge Lamoutte's Opinion and Order dated Jan.
19, 2018 is available at:

     http://bankrupt.com/misc/prb15-03837-L11-448.pdf

            About The Horned Dorset Primavera

The Horned Dorset Primavera Inc. operates the Horned Dorset
Primavera, a small luxury hotel located in northwestern Puerto
Rico, two miles from the town of Rincon.  The hotel --
http://www.horneddorset.net/-- is set among rolling hills at the
edge of the beautiful Caribbean Sea and is known for reserved
European service executed in an atmosphere unique in  Puerto Rico
and the award-winning Restaurant Aaron.  The hotel is a member of
Relais & Chateaux.

The Horned Dorset Primavera Inc. commenced a Chapter 11 bankruptcy
case (Bankr. D.P.R. Case No. 15-03837) in Old San Juan, Puerto Rico
on May 22, 2015.

According to the docket, the Debtor's Chapter 11 plan is due Nov.
18, 2015.

The Debtor has tapped Isabel M. Fullana, Esq., at Garcia Arregui &
Fullana PSC, as counsel.


HUNT COMPANIES: Moody's Rates Secured Notes Due 2026 'B2'
---------------------------------------------------------
Moody's Investors Service assigned first-time rating to Hunt
Companies, Inc.'s Senior Secured Note issue due 2026 at B2. The
rating outlook is stable.

Hunt is a privately-owned company focused on the development,
investment, management and financing of commercial real estate
assets with five core lines of business: Real Estate Investments,
Military Housing Public Infrastructure, Other Infrastructure,
Financial Services, and Asset Services.

RATINGS RATIONALE

Hunt's B2 senior secured debt rating reflects its opportunistic
growth strategy and the inherent risk in its cash flow generation -
an income stream from a highly levered diversified commercial real
estate company in the process of integrating newly acquired and
recently expanded significant strategic initiatives, including Hunt
Financial Securities and Caz Creek Investment Management (tax lien
investment). In addition, Hunt has a growing public infrastructure
investment through Amber Infrastructure Group Holdings Limited.
These strategic initiatives impact earnings visibility and create
significant volatility in revenue and earnings and make comparisons
of historical performance difficult. Leverage, including effective
leverage remains high for its rating category, even with the
inclusions of MSR gains. Furthermore, the company primarily pursues
a secured financing strategy with a nearly fully encumbered
portfolio, which decreases its financial flexibility.

These credit challenges are mitigated by Hunt's diversified
business model that provides an income stream from multiple
commercial real estate businesses, some of which it has been
operating for decades. For example, Hunt has been a commercial real
estate developer for more than 40 years, involved in the Military
Housing Privatization Initiative program since 1996 and a
multifamily lender with a more than forty-year track record.
Moreover, the historical success of the company's ongoing
development program and the significant amount of stabilized
properties on its balance sheet have a positive impact on the
company's current financial and liquidity position.

The stable rating outlook incorporates Moody's expectations that
Hunt will be managed with a leverage profile commensurate with B2
peers, while recurring EBITDA with MSR gains, but excluding
non-cash and non-recurring items will continue to cover interest
expense at 1.4x or higher and that the recent capital investments
will result in increasing earnings stability.

A future rating upgrade for Hunt would be predicated on greater
visibility and predictability of recurring earnings. The upgrade
would also require unencumbered assets greater than 20% of total
assets, a fixed charge coverage ratio consistently above 1.6x, with
MSR gains but excluding non-cash and non-recurring items, Net
Debt/Recurring EBITDA (with MSR gains) consistently below 10x, and
secured debt level less than 50% of gross assets. Growth in
existing or synergistic businesses, which improves the scale and
profitability of the company's operations could also be viewed
positively.

Moody's could downgrade Hunt if its fixed charge ratio falls below
1.4x, with MSR gains but excluding non-cash and non-recurring
items, Net Debt/Recurring EBITDA (with MSR gains) consistently
above 15x or a significant deterioration in the performance or
outlook of any one of the company's core businesses.

Hunt was founded in 1947 and headquartered in El Paso, Texas. At
September 30, 2017, the company had $3.7 billion in total assets.


ICAGEN INC: Michael Taglich Has 13.1% Equity Stake as of Jan. 19
----------------------------------------------------------------
Michael N. Taglich reported to the Securities and Exchange
Commission that as of Jan. 19, 2018, he beneficially owns 896,722
shares of common stock of Icagen, Inc., constituting 13.1 percent
of the shares outstanding.  Mr. Taglich is the co-founder,
president and chairman of Taglich Brothers, Inc., an investment
banking firm he co-founded in 1991, and his principal business is
investment banking.

On Dec. 29, 2017, Mr. Taglich purchased from a third-party: (a)
21,429 shares of Common Stock, and (b) a warrant to acquire 5,358
shares of the Common Stock at an exercise price of $3.50 per share.
The warrants, which are the same as the Investor Warrants
described in the Original 13D, expire on Dec. 31, 2019 and each
warrant is immediately exercisable for one share of Common Stock
(subject to adjustment in the event of stock splits and other
similar transactions).  Icagen received no proceeds from this
purchase and sale.

Mr. Taglich is the beneficial owner of, and has the sole power to
vote or direct the vote and to dispose or direct the disposition of
742,561 shares, which consists of: (a) 62,727 shares of Common
Stock and warrants to purchase 5,358 shares of Common Stock held
directly; (b) 285,714 shares of Common Stock and warrants to
purchase 71,429 shares of Common Stock held in Mr. Taglich's Keogh
account; (c) options to purchase 20,463 shares of Common Stock,
which options are vested as of Dec. 29, 2017 or will vest within 60
days thereof; (d) warrants acquired by Mr. Taglich to purchase
169,050 shares of Common Stock in connection with private
placements and placement agent's fees; (e) April 2017 Investor
Warrants exercisable to purchase 75,000 shares of Common Stock and
April 2017 Placement Agent Warrants exercisable to purchase 7,500
shares of Common Stock; and (f) June 2016 Investor Warrants
exercisable for 37,500 shares of Common Stock and 7,820 June 2016
Placement Agent Warrants.

In addition, Mr. Taglich is deemed to be the beneficial owner of,
and has shared power to vote or direct the vote and to dispose or
direct the disposition of 154,161 shares, which consists of the
following:

   (a) (i) 16,933 shares of Common Stock; and (ii) warrants to
       purchase 10,000 shares of Common Stock, which are held
       jointly by Mr. Taglich and Claudia Taglich as joint tenants

       with right of survivorship;

   (b) (i) 65,084 shares of Common Stock; and (ii) warrants to
       purchase 33,572 shares of Common Stock, which are held by
       the TAG/Kent Partnership; and

  (c) (i) an aggregate of 22,856 shares of Common Stock; and (ii)
      warrants to purchase an aggregate of 5,716 shares of Common
      Stock held in four separate custodial accounts for the
      benefit of Mr. Taglich's children.

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

                      https://is.gd/QTyzos

                         About Icagen

Durham, North Carolina-based Icagen, Inc., formerly known as XRpro
Sciences, Inc. -- http://www.icagen.com/-- is a biopharmaceutical
company, focusing on the discovery, development, and
commercialization of orally-administered small molecule drugs that
modulate ion channel targets.  Its drug candidates include
ICA-105665, a small molecule compound that targets specific KCNQ
ion channels for the treatment of epilepsy and pain, which is in
Phase II clinical trial stage; and a compound that targets the
sodium channel Nav1.7 for the treatment of pain, which is in Phase
I clinical trial stage.

Icagen reported a net loss of $5.50 million in 2016 following a net
loss of $8.67 million in 2015.  As of Sept. 30, 2017, Icagen had
$18.52 million in total assets, $25.69 million in total liabilities
and a total stockholders' deficit of $7.17 million.

RBSM LLP, in New York, issued a "going concern" opinion on the
consolidated financial statements for the year ended Dec. 31, 2016,
stating that the Company has incurred recurring operating losses,
which has resulted in an accumulated deficit of approximately $27.6
million at Dec. 31, 2016.  These conditions, among others, raise
substantial doubt about the Company's ability to continue as a
going concern.


ICAGEN INC: Robert Taglich Has 10.87% Equity Stake as of Dec. 29
----------------------------------------------------------------
Robert F. Taglich reported to the Securities and Exchange
Commission that as of Dec. 29, 2017, he beneficially owns 734,226
shares of common stock of Icagen, Inc., which represents 10.87
percent of the shares outstanding.  Mr. Taglich is the co-founder
and managing director of Taglich Brothers, Inc., an investment
banking firm he co-founded in 1991, and his principal business is
investment banking.

On Dec. 29, 2017, Mr. Taglich purchased from a third-party: (a)
21,429 shares of Common Stock, and (b) a warrant to acquire 5,357
shares of the Common Stock at an exercise price of $3.50 per share.
The warrants, which are the same as the Investor Warrants
described in the Original 13D, expire on Dec. 31, 2019 and each
warrant is immediately exercisable for one share of Common Stock
(subject to adjustment in the event of stock splits and other
similar transactions).  Icagen received no proceeds from this
purchase and sale.

Mr. Taglich is the beneficial owner of, and has the sole power to
vote or direct the vote and to dispose or direct the disposition of
373,839 shares of Common Stock and warrants to purchase an
aggregate of 360,387 shares of Common Stock, which consists of: (a)
285,714 shares of Common Stock and warrants to purchase 71,429
shares of Common Stock held by Mr. Taglich in his individual
retirement account, (b) 72,125 shares of Common Stock and warrants
exercisable for 15,357 shares of common stock (which includes the
21,429 shares of Common Stock and warrants to purchase 5,357 shares
of Common Stock acquired from a third-party on Dec. 29, 2017), (c)
16,000 shares of Common Stock held by four custodial accounts for
the benefit of Mr. Taglich's minor children, (d) April 2017
Investor Warrants to purchase 75,000 shares of Common Stock, (e)
April 2017 Placement Agent Warrants to purchase 7,500 shares of
Common Stock, (f) June 2016 Investor Warrants exercisable for
30,000 shares of Common Stock, (g) June 2016 Placement Agent
Warrants to purchase 6,405 shares of Common Stock, (h) warrants to
purchase 50,677 shares of Common Stock acquired on bridge note
funding and the conversion of bridge notes into equity, (i)
warrants to purchase 33,928 shares of Common Stock issued as the
designated of the placement agent in the 2015 financing, and (j)
warrants to purchase 70,091 shares of common stock issued as the
designated of the placement agent in the 2014/2015 financing.

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

                      https://is.gd/31TVmt

                          About Icagen

Durham, North Carolina-based Icagen, Inc., formerly known as XRpro
Sciences, Inc. -- http://www.icagen.com/-- is a biopharmaceutical
company, focusing on the discovery, development, and
commercialization of orally-administered small molecule drugs that
modulate ion channel targets.  Its drug candidates include
ICA-105665, a small molecule compound that targets specific KCNQ
ion channels for the treatment of epilepsy and pain, which is in
Phase II clinical trial stage; and a compound that targets the
sodium channel Nav1.7 for the treatment of pain, which is in Phase
I clinical trial stage.

Icagen reported a net loss of $5.50 million in 2016 following a net
loss of $8.67 million in 2015.  As of Sept. 30, 2017, Icagen had
$18.52 million in total assets, $25.69 million in total liabilities
and a total stockholders' deficit of $7.17 million.

RBSM LLP, in New York, issued a "going concern" opinion on the
consolidated financial statements for the year ended Dec. 31, 2016,
stating that the Company has incurred recurring operating losses,
which has resulted in an accumulated deficit of approximately $27.6
million at Dec. 31, 2016.  These conditions, among others, raise
substantial doubt about the Company's ability to continue as a
going concern.


ICAGEN INC: Timothy Tyson Reports 5.8% Equity Stake as of Jan. 19
-----------------------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, Timothy Tyson disclosed that as of Jan. 19, 2018, he
beneficially owns 381,818 shares of common stock, $0.001 par value,
of Icagen, Inc., constituting 5.8 percent of the shares
outstanding.  Mr. Tyson is the chairman and chief executive officer
of Avara Pharmaceutical Services.

On Dec. 29, 2017, Mr. Tyson purchased from a third-party: (a)
21,428 shares of Common Stock, and (b) a warrant to acquire 5,357
shares of the Common Stock at an exercise price of $3.50 per share.
The warrants, which are the same as the December 2014 Warrants
described in the Original 13D, expire on Dec. 31, 2019 and each
warrant is immediately exercisable for one share of Common Stock
(subject to adjustment in the event of stock splits and other
similar transactions).  Icagen received no proceeds from this
purchase and sale.

Mr. Tyson is the beneficial owner of, and has the sole power to
vote or direct the vote and to dispose or direct the disposition
of: (a) 164,284 shares of Common Stock and warrants to purchase an
aggregate of 131,071 shares of Common Stock (consisting of 75,000
April 2017 Warrants, 15,000 June 2016 Warrants, 35,714 December
2014 Warrants and 5,357 Warrant acquired on December 29, 2017); and
(b) options to purchase an aggregate of 86,463 shares of Common
Stock, which options are vested as of Dec. 29, 2017 or will vest
within 60 days thereof.

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

                    https://is.gd/xyX6IQ

                        About Icagen

Durham, North Carolina-based Icagen, Inc., formerly known as XRpro
Sciences, Inc. -- http://www.icagen.com/-- is a biopharmaceutical
company, focusing on the discovery, development, and
commercialization of orally-administered small molecule drugs that
modulate ion channel targets.  Its drug candidates include
ICA-105665, a small molecule compound that targets specific KCNQ
ion channels for the treatment of epilepsy and pain, which is in
Phase II clinical trial stage; and a compound that targets the
sodium channel Nav1.7 for the treatment of pain, which is in Phase
I clinical trial stage.

Icagen reported a net loss of $5.50 million in 2016 following a net
loss of $8.67 million in 2015.  As of Sept. 30, 2017, Icagen had
$18.52 million in total assets, $25.69 million in total liabilities
and a total stockholders' deficit of $7.17 million.

RBSM LLP, in New York, issued a "going concern" opinion on the
consolidated financial statements for the year ended Dec. 31, 2016,
stating that the Company has incurred recurring operating losses,
which has resulted in an accumulated deficit of approximately $27.6
million at Dec. 31, 2016.  These conditions, among others, raise
substantial doubt about the Company's ability to continue as a
going concern.


INKSYSTEM LLC: District Court OK's Seiko's Bid for Default Judgment
-------------------------------------------------------------------
The case captioned SEIKO EPSON CORP., et al., Plaintiffs, v.
INKSYSTEM LLC et al., Defendants, No. 3:16-cv-00524-RCJ-VPC (D.
Nev.) arises out of alleged counterfeiting and other unauthorized
use of trademarks in relation to computer printer ink cartridges.
In addressing the parties' respective motions, District Judge
Robert C. Jones strikes Inkredible, LLC's motion for a "writ of
execution," strikes AF LLC, Inkredible LLC, Inksystem LLC, Lucky
Print LLC, and ART LLC's motion to dissolve the preliminary
injunction or increase the bond, and grants Seiko's motion for
default judgment.

Plaintiffs allege that Defendants import, modify, repackage,
advertise, distribute, and/or sell at least three types of
infringing cartridge: (1) counterfeit ink cartridges manufactured
abroad bearing one or more of the Marks; (2) genuine Epson
cartridges sold abroad with printers that are not intended for
resale; and (3) genuine Epson cartridges sold abroad that are
expired or nearly expired. As to the latter two categories of
cartridge, Defendants remove them from their original packaging,
reprogram or otherwise modify them to work in American printers
(they otherwise would not), and repackage them with counterfeit
Epson labels. In the process, Defendants degrade the quality and
lifespan of the ink, remove instructions for use with the
cartridges and other important consumer information such as the
expiration date, and add their own false advanced expiration dates.
Defendants' activities infringe the Marks, deceive consumers, and
damage Plaintiffs' goodwill.

The Court holds that Inkredible, LLC's motion (for a "writ of
execution") asking the Court permit Inkredible to withdraw $3,000
per month is stricken. Inkredible may only appear through licensed
counsel, not through a corporate officer. Even if the motion had
been made through counsel, the preliminary injunction permitted
$3,000 monthly withdrawals only from the personal bank accounts of
individual Defendants, not from the accounts of business entity
Defendants.

The motions to dissolve the preliminary injunction or increase the
bond are stricken as to AF LLC, Inkredible LLC, Inksystem LLC,
Lucky Print LLC, and ART LLC. As to Koshkalda, Kravchuk, Bielov,
and Maliuk, the motions are denied. On Nov. 16, 2017, the Court of
Appeals denied Defendants' petition for a writ of mandamus
challenging the preliminary injunction. The Court has seen nothing
indicating that dissolution of the preliminary injunction is
appropriate. Nor will the Court entertain arguments to reconsider a
preliminary injunction from parties who failed to appear to argue
against default judgment being entered against them on the claim
for a permanent injunction.

The Court grants the Plaintiff's motion for a default judgment.
Although the preference for resolving cases on the merits and the
large amount of money at stake here counsel against a default
judgment generally, Defendants' failure to participate in discovery
and their violations of orders to appear and injunctions against
disposing of assets (for which some Defendants have been held in
contempt) combined with the strong (largely unopposed) case on the
merits convinces the Court that a default judgment is appropriate
in this case. The entry of judgment also serves the interest of
finality for all parties. Plaintiffs may cease litigation in this
Court, and Defendants may immediately appeal the final judgment.

A copy of Judge Jones' Order date Jan. 16, 2018 is available at
https://is.gd/SNZIQZ from Leagle.com.

Seiko Epson Corporation & Epson America, Inc., Plaintiffs,
represented by Henry Stuart David , The David Firm, pro hac vice,
J. Andrew Coombs , Wang Law Corporation, pro hac vice, Annie S.
Wang , Wang Law Corporation, Ogonna M. Brown --
obrown@nevadafirm.com -- Holley, Driggs, Walch, Fine, Wray, Puzey,
& Thompson & James D. Boyle -- jboyle@nevadafirm.com -- Holley,
Driggs, Walch, Puzey & Thompson.

InkSystem LLC, [90] Suggestion of Bankruptcy; [233] Clerk's
Default, Defendant, Pro Se.

AF LLC, [161] Clerk's Default, Defendant, Pro Se.

ART LLC, [161] Clerk's Default, Defendant, Pro Se.

Lucky Print LLC, [90] Suggestion of Bankruptcy; [233] Clerk's
Default, Defendant, Pro Se.

Inkredible LLC LLC, [161] Clerk's Default, Defendant, Pro Se.

Andriy Kravchuk, [161] Clerk's Default, Defendant, Pro Se.

Igor Bielov, [161] Clerk's Default, Defendant, Pro Se.

Artem Koshkalda, [161] Clerk's Default; [199] notice bankruptcy,
Defendant, Pro Se.

Vitalii Maliuk, [161] Clerk's Default, Defendant, Pro Se.

INKSYSTEM, LLC and Lucky Print, LLC sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Nev. Case Nos. 17-50778 and
17-50779) on June 23, 2017.  Andriy Kravchuk, managing member,
signed the petitions.  

At the time of the filing, INKSYSTEM disclosed that it had
estimated assets of less than $50,000 and liabilities of less than
$500,000.  Lucky Print estimated less than $50,000 in assets and
liabilities.


ISLAMIC RESEARCH: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
The Office of the U.S. Trustee on Jan. 22 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of The Islamic Research and
Humanitarian Services Center Inc.

                    About Islamic Research and
              Humanitarian Service Center of America

The Islamic Research and Humanitarian Service Center of America
(IRHSCA) is a private, nonprofit (501C) academic and cultural
institution, concerned with general issues of Islamic thought.

Based in Capital Heights, Maryland, Islamic Research and
Humanitarian Service Center of America filed a voluntary Chapter 11
bankruptcy petition (Bankr. D. Md. Case No. 17-26335) on December
5, 2017, listing under $1 million in both assets and liabilities.

Judge Lori S. Simpson presides over the case.  The Debtor is
represented by Anu KMT, Esq. at Kemet Hunt Law Group, Inc. as
counsel.  The Debtor hired AROS Consulting, LLC as its accountant.


J CREW GROUP: Appoints Seth Farbman as Director
-----------------------------------------------
The Board of Directors of J. Crew Group, Inc. has appointed Seth
Farbman to the Board of the Company, which increased the size of
the Board to 10 members.

Mr. Farbman has been appointed as a director pursuant to the
Amended and Restated Principal Investors Stockholders' Agreement
dated as of July 13, 2017, by and among the Company, Chinos
Holdings, Inc. ("Parent"), Chinos Intermediate Holdings A, Inc.,
Chinos Intermediate Holdings B, Inc., Chinos Intermediate Inc.,
certain affiliates of TPG Capital, L.P. and Leonard Green &
Partners, L.P. and the other stockholders party thereto.  Pursuant
to the Stockholders Agreement and the certificate of designation
with respect to the series A preferred stock of Parent, the holders
of series A preferred stock of Parent have the right to elect a
director to the board of directors of Parent, which director will
also be elected to the Board, for so long as there remains
outstanding no less than twenty percent of the series A preferred
stock that was issued on July 13, 2017.

Mr. Farbman will receive compensation as a director of the Company
or its subsidiaries under the director compensation policies and
programs as adopted by the board from time to time.

On Jan. 16, 2018, the Company entered into an indemnification
agreement with its newly elected director.  That Indemnification
Agreement clarifies and supplements indemnification provisions
already contained in the Company's Articles of Incorporation and
Bylaws and, among other things, provide for indemnification of the
director to the fullest extent permitted by the laws of the state
of Delaware, advancement of legal fees and expenses in connection
with legal proceedings, certain procedures for determining whether
the director is entitled to indemnification and dispute resolution
procedures.

                    About J.Crew Group, Inc.

Headquartered in New York, New York, J.Crew Group, Inc. is an
internationally recognized omni-channel retailer of women's, men's
and children's apparel, shoes and accessories.  As of Nov. 21,
2017, the Company operates 269 J.Crew retail stores, 121 Madewell
stores, jcrew.com, jcrewfactory.com, the J.Crew catalog,
madewell.com, and 182 factory stores (including 42 J.Crew
Mercantile stores).  Visit www.jcrew.com for more information.

For the year ended Jan. 28, 2017, J. Crew reported a net loss of
$23.51 million following a net loss of $1.24 billion for the year
ended Jan. 30, 2016.  As of Oct. 28, 2017, J.Crew Group had $1.22
billion in total assets, $2.41 billion in total liabilities and a
total stockholders' deficit of $1.19 billion.

                           *    *    *

As reported by the TCR on July 19, 2017, S&P Global Ratings raised
its corporate credit rating on J. Crew Group to 'CCC+' from 'SD'.
"The rating action follows our review of J. Crew capital structure
following the company's exchange of the unsecured PIK toggle notes
maturing in 2019.

J. Crew has a 'Caa2' Corporate Family Rating from Moody's Investors
Service.  J. Crew's 'Caa2' Corporate Family Rating reflects its
weak operating performance and high debt burden, with
Moody's-adjusted debt/EBITDA of 7.8 times (credit agreement
debt/EBITDA of 10.3 times) and EBIT/interest expense of 0.6 times
pro-forma for the debt exchange, as reported by the TCR on July 19,
2017.



JEFFREY BERGER: Hinrichs & Wells Buying Property for $825K
----------------------------------------------------------
Jeffrey W. Berger and Tami M. Berger ask the U.S. Bankruptcy Court
for the District of Montana to authorize their sale of the real
property described as the Lot 1, Stanley Hills Subdivision, PUD,
Estes Park, Larimer County, Colorado to Philip W. Hinrichs and Ryan
D. Wells for $825,000.

At the time the case was commenced, the Debtors were parties to a
fully executed Buy/Sell Agreement to sell real the Property, an
undeveloped property, zoned commercial, situated on Big Thompson
Avenue, in Estes Park, Colorado.  The Purchasers under the sale are
the Buyers for the purchase price of $825,000.

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

         http://bankrupt.com/misc/JEFFREY_BERGER_22_Sales.pdf

The lien holders on the Property are (i) accrued but not yet due
property tax; and (ii) Yellowstone Bank, whose original
indebtedness is $12,196,321 pursuant to the promissory notes dated
June 1, 2015; the mortgage securing the Property contains a
cross-collateralization clause such that the Property is collateral
for all of the Debtors' indebtedness to Yellowstone Bank, and the
current total of this indebtedness is approximately $12,196,321.
There are no other liens on the Property.

The Debtors entered into a listing contract with Randy Good with
Coldwell Banker Estate Village Properties prepetition.  They've
filed an application to approve their employment of Randy Good with
Coldwell Banker Estate Village Properties.

It is in the best interest of the creditors of the case that the
Court approves the sale as described.  The Property being sold is
not necessary for the Debtors' ongoing business operations.

The Debtors project the proceeds of sale to be paid as follows:

          Gross sales proceeds:                    $825,000
          Less estimated commissions (5.0%):       ($41,250)
          Less prorated property taxes (est.):      ($2,667)
          Less Estimated closing costs (est.):      ($4,125)
                                                  ----------
          Net sale proceeds paid to                
             Yellowstone Bank                      $776,958

After the sale, Yellowstone Bank will continue to have perfected
liens on real estate and personal property collateral valued in
excess of $25 million.

For foregoing reasons, the Debtors respectfully ask the Court to
approve the sale of the Property free and clear of liens to the
Buyers, and directs that the sale proceeds be used to satisfy (i)
costs of closing, (ii) property taxes, (iii) real estate commission
owed to Randy Good with Coldwell Banker Estes Village Properties as
approved by the Court, and (iv) the remaining balance paid to
Yellowstone Bank.

The Creditor:

          YELLOWSTONE BANK
          120 2nd St. NW
          Sidney, MT 59270-4112

Counsel for the Debtors:

          James A. Patten, Esq.
          PATTEN, PETERMAN, BEKKEDAHL & GREEN, PLLC
          2817 2nd Avenue North, Suite 300
          P.O. Box 1239
          Billings, MT 59103-1239

Jeffrey W. Berger and Tami M. Berger sought Chapter 11 protection
(Bankr. D. Mont. Case No. 18-60032-11) on Jan. 16, 2018.


JTJM INC: Taps Goe & Forsythe as Legal Counsel
----------------------------------------------
JTJM, Inc., seeks approval from the U.S. Bankruptcy Court for the
Central District of California to hire Goe & Forsythe, LLP, as its
legal counsel.

The firm will advise the Debtor regarding matters of bankruptcy
law; conduct examinations of witnesses or claimants; assist in the
preparation and implementation of a plan of reorganization; and
provide other legal services related to its Chapter 11 case.

The firm's hourly rates are:

     Robert Goe         Partner             $395
     Marc Forsythe      Partner             $395
     Donald Reid        Associate           $315
     Charity Miller     Associate           $295
     Kerry Murphy       Legal Assistant     $140

Goe & Forsythe received a pre-bankruptcy retainer in the sum of
$7,000 from the Debtor, and is requesting an additional $10,000
post-petition retainer.

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

The firm can be reached through:

     Robert P. Goe, Esq.
     Charity J. Miller, Esq.
     Goe & Forsythe, LLP   
     18101 Von Karman Avenue, Suite 1200
     Irvine, CA 92612
     Tel: (949) 798-2460
     Fax: (949) 955-9437
     E-mail: rgoe@goeforlaw.com
             cmiller@goeforlaw.com

                         About JTJM Inc.

JTJM, Inc., is a privately-held corporation based in Murrieta,
California.

JTJM sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. C.D. Cal. Case No. 18-10073) on Jan. 5, 2018.  Jeffrey
Warfield, president, signed the petition.  

At the time of the filing, the Debtor estimated assets of $1
million to $10 million and liabilities of less than $500,000.  

Judge Meredith A. Jury presides over the case.

GOE & FORSYTHE, LLP, is the Debtor's counsel.


JULIAN DEPOT: Taps Goldberg Weprin as Legal Counsel
---------------------------------------------------
Julian Depot Miami LLC received approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Goldberg Weprin
Finkel Goldstein LLP as its legal counsel.

The firm will assist the Debtor in the preparation of a bankruptcy
plan; represent the Debtor in negotiations with its lender over the
use of cash collateral; and provide other legal services related to
its Chapter 11 case.

The firm charges $575 per hour for the services of its partners.
The hourly rates for associates range from $275 to $425.

Goldberg does not hold any interest adverse to the Debtor or its
estate, according to court filings.

The firm can be reached through:

     Ted J. Donovan, Esq.
     Goldberg Weprin Finkel Goldstein LLP
     1501 Broadway, 22nd Floor
     New York, NY 10036
     Tel: (212)-221-5700
     Fax: 212-422-6836
     E-mail: TDonovan@GWFGlaw.com

          - and -

     Kevin J. Nash, Esq.
     Goldberg Weprin Finkel Goldstein LLP
     1501 Broadway 22nd Floor
     New York, NY 10036
     Tel: (212) 221-5700
     E-mail: knash@gwfglaw.com

                     About Julian Depot Miami

Julian Depot Miami LLC is a New York-based Florida limited
liability company, with its business offices located in Queens, New
York.  It is a real estate company which owns a commercial property
located at 13895 SW 28th Street, Homestead, Florida.  The property,
which Julian Depot Miami purchased in 2012, is subject to a ground
lease dated Dec. 20, 2016, with Home Depot USA, Inc., as tenant.
Its principals are affiliated with the prior Chapter 11 case of HS
45 John LLC (Bankr. S.D.N.Y. Case No. 15-10368).  Julian Depot
Miami has only one secured creditor, U.S. Bank, which holds a first
mortgage in the principal amount of $13.2 million.

Julian Depot Miami sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-12973) on Oct. 23,
2017.  David L. Smith, manager, signed the petition.  At the time
of the filing, the Debtor disclosed $17.55 million in assets and
$13.22 million in liabilities.  Judge Sean H. Lane presides over
the case.  Goldberg Weprin Finkel Goldstein LLP is the Debtor's
counsel.





LIMETREE BAY: Moody's Revises Outlook to Neg. & Affirms Ba3 Rating
------------------------------------------------------------------
Moody's Investors Service has affirmed the Ba3 rating on Limetree
Bay Terminals, LLC's $465 million senior secured term loan and
changed the rating outlook to negative from stable.

RATINGS RATIONALE

The change in rating outlook to negative is prompted by a continued
challenging operating environment for LB Terminals' storage
terminal characterized by difficulties to win new long-term
contractual customers and a slower ramp-up of revenues than
initially budgeted. Moody's expect that the operating environment
will remain challenging in 2018, leading to continued
underperformance in EBITDA.

EBITDA generation for the first nine months of 2017 was around $14
million below management's budget. While the results were partly
impacted by hurricane related events, the project's ramp has been
slower than originally anticipated. Unlevered free cash flow
generation after growth capital expenditures was negative (-$78
million) in the first nine months of 2017 owing to lower revenue
generation and higher than budgeted capital expenditures.

Expected growth capital expenditures in 2018 of over a $100 million
will likely require additional liquidity support from the sponsor
given the size of the growth capital expenditure program and the
expected EBITDA underperformance in 2018. While not legally
committed, Moody's view the support from the sponsor as positive to
LB Terminals credit profile. Notably, a substantial portion of
growth capital expenditures is discretionary and could be scaled
back if needed. LB Terminals has spent the vast majority of its
initial $120 million liquidity reserve and proceeds from the $25
million term loan increase in 2017

Despite the subdued short-term outlook for LB Terminals' business,
Moody's believe that long-term fundamentals remain solid. The
facility's scale provides a competitive edge relative to other
peers in the Caribbean region. Once all capacity has been brought
back online, the facility will have around 143 tanks and 34 mmbbls
of storage capacity. The facility is also investing in expanding
its port to provide access to deeper-water vessels. The port's
current depth restriction of around 55 feet is its major
disadvantage in the crude oil storage segment compared to other
Caribbean storage terminals.

Notwithstanding Moody's views on the project's long-term
fundamentals, the negative outlook reflects the risk that a weak
operating environment over the next couple years could impair the
project's ability to achieve a debt service coverage ratio (DSCR)
after maintenance capital expenditures of around 1.5x-1.75x and
FFO/debt in the low to mid-single digit range over that timeframe.
The negative outlook also considers LB Terminals' modest liquidity
profile which does not benefit from a working capital reserve or
credit facility and therefore, leaves the project with limited
headroom to absorb unexpected swings in operating performance and
working capital. The cash flow sweep and target debt balance
requirement should support deleveraging starting in 2019.
Management expects that it will meet the 1.1x DSCR covenant to be
tested March 31, 2018 .

Other factors considered in the rating action are the high leverage
at the project (5.5x debt/EBITDA expected for 2018, around 7.9x
expected in 2017) and limited equity (debt/book capitalization of
close to 88% as of September 30, 2017). These constraints are
balanced against the existence of project finance features, a cash
sweep that should support future deleveraging; the sponsor's
experience with managing storage assets, and plant operational
expertise as many of the employees are former Hovensa employees.

WHAT COULD CHANGE THE RATING DOWN?

* Inability to build-up adequate liquidity reserve for managing
working capital

* Inability to renew contracts and contract new customers

* No visibility for deleveraging with inability to decrease
Debt/EBITDA to below 5.0x and improve DSCR to around 2-2.5x over
the next 18-24 months while the terminal is ramping up its
operations

WHAT COULD CHANGE THE RATING UP?

* Successful ramp-up of operations and a demonstrated track record
of securing additional contracts that supports the ramp-up and
renewal of maturing existing contracts

* Credit metrics closer to sponsor's base case with Debt/EBITDA
trending to 4.0x, a DSCR that exceeds 3.0x in 2018 with
expectations for further improvements

OBLIGOR PROFILE

Limetree Bay Terminals, LLC is a joint venture between an affiliate
of private equity sponsor ArcLight Capital Partners (80%) and an
affiliate of Freepoint Commodities, LLC (20%). The project is a
storage terminal, refinery and marine facility on around 1,500
acres of land on the south shore St. Croix, US Virgin Islands.
Limetree has a terminal operating agreement with the VI Government
that extends through January 4, 2041 with the option by the
terminal owner to extend the agreement for another 15 years.

LB Terminals has repurposed the asset as a storage terminal,
restarted storage tanks and entered into fee-based contracts.
Currently there are no plans to restart the refinery operations and
going forward it is expected the facility will be operated as a
petroleum storage terminal.

Contracts are fixed rate storage contracts and customers pay for
the capacity in the tank that they have reserved independent of
actual usage. Additional revenues can be created through marine
fees, blending or heating fees. LB Terminals is not directly
exposed to commodity price volatility.

The principal methodology used in this rating was Generic Project
Finance Methodology published in December 2010.


LINCOLN NATIONAL: Fitch Affirms BB+ Rating on 2 Debenture Tranches
------------------------------------------------------------------
Fitch Ratings has affirmed the Insurer Financial Strength (IFS)
ratings of Lincoln National Corporation's (LNC) life insurance
operating subsidiaries at 'A+' (Strong). Fitch has also affirmed
LNC's senior unsecured debt at 'BBB+'. The Rating Outlook for all
ratings remains Positive.  

KEY RATING DRIVERS

Today's rating action follows LNC's announcement that it will
acquire Liberty Mutual's group insurance business for approximately
$1.5 billion. The transaction is expected to close by the first
half of 2018. LNC will purchase Liberty Life Assurance Company of
Boston (LLAC) and expects to retain LLAC's group insurance business
and to reinsure LLAC's individual life and annuity business to a
third party insurer.

Fitch views the LLAC transaction as credit neutral to LNC's
ratings. Fitch believes the acquisition makes strategic sense for
LNC from a diversification standpoint as it increases the company's
scale in the group life and disability business and increases
overall mortality and morbidity earnings contributions to the
consolidated result. The transaction also allows for expansion of
the group insurance business into the large case employer market as
LNC's existing group insurance business tends to focus on small and
mid-size employers.

Fitch also considers the execution risk associated with integration
and client retention of the acquired business. Positively, LNC
successfully underwent repricing efforts of its own group insurance
business recently and has shown improved and more stable
persistency over the last two years. In addition, Fitch considers a
potential incremental increase in debt issued to finance the
acquisition. Fitch expects any increase in financial leverage to be
short-term and to be below 25% over the next 18 to 24 months.

LNC's rating reflects the company's strong operating performance,
strong reported risk-adjusted capitalization, very strong business
profile and strong interest coverage and financial flexibility.
LNC's ratings also reflect the above average exposure of its
earnings and capital to interest rates and the performance of
equity markets, which is partially mitigated by the company's
strong hedging program.

The Positive Outlook reflects LNC's consistently strong operating
and financial profile over the last two to three years. Growth in
operating earnings has been driven by higher asset-based fee income
as well as generally stable in-force mortality experience and
improved group segment performance. Fitch views the diversification
of business segments as a primary factor in the improving trend in
LNC's performance. Continued strong operating performance,
maintenance of a strong financial profile, and successful execution
of the LLAC transaction strategy are key factors toward considering
future positive rating actions.

RATING SENSITIVITIES

Key rating sensitivities that may precipitate a rating upgrade
include:

-- Prolonged strong operating performance generating GAAP
    Operating ROE in excess of 11% and fixed charge interest
    coverage of 9.5x;
-- A Fitch Prism capital model score solidly within the 'Strong'
    category and reported RBC above 450%;
-- Trend of holding-company liquidity managed at 12-18 months of
    debt service and common stock dividends;
-- Leverage maintained below 25%.

Failure to continue meeting the key rating sensitivities for a
ratings upgrade or a material unexpected loss resulting from the
LLAC transaction will result in revision of the Outlook back to
Stable.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings with a Positive Outlook:

Lincoln National Corporation
-- Long-term IDR at 'A-';
-- Short-term IDR at 'F2';
-- Commercial Paper at 'F2';
-- 7% senior notes due March 15, 2018 at 'BBB+';
-- 8.75% senior notes due July 1, 2019 at 'BBB+';
-- 6.25% senior notes due Feb. 15, 2020 at 'BBB+';
-- 4.85% senior notes due June 24, 2021 at 'BBB+
-- 4.20% senior notes due March 15, 2022 at 'BBB+';
-- 4.00% senior notes due Sept. 1, 2023 at 'BBB+';
-- 3.35% senior notes due March 9, 2025 at 'BBB+';
-- 3.625% senior notes due Dec. 12, 2026 at 'BBB+'
-- 6.15% senior notes due April 7, 2036 at 'BBB+';
-- 6.3% senior notes due Oct. 9, 2037 at 'BBB+';
-- 7% senior notes due June. 15, 2040 at 'BBB+';
-- 7% junior subordinated debentures due May 17, 2066 at 'BB+';
-- 6.05% junior subordinated debentures due April 20, 2067 at
    'BB+'.

Lincoln National Life Insurance Company Lincoln Life & Annuity
Company of New York First Penn-Pacific Life Insurance Company
-- IFS at 'A+'.


LUPETTO INC: Case Summary & Unsecured Creditor
----------------------------------------------
Debtor: Lupetto, Inc.
        1410 20th Street, Unit 214
        Miami Beach, FL 33139

Business Description: Lupetto, Inc. is a privately held
                      company in Miami Beach, Florida engaged
                      in activities related to real estate.

Chapter 11 Petition Date: January 22, 2018

Case No.: 18-10791

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Hon. Robert A Mark

Debtor's Counsel: Jon Polenberg, Esq.
                  BECKER & POLIAKOFF, P.A.
                  1 East Broward Blvd., Suite 1800
                  Fort Lauderdale, FL 33301
                  Tel: 954-364-6037
                  Fax: 954-985-4176
                  E-mail: jpolenberg@bplegal.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Monica Tirado, vice president.

The Debtor listed South Bay Developers Group, LLC as its sole
unsecured creditor holding a claim of $5.10 million.

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

        http://bankrupt.com/misc/flsb18-10791.pdf


LUV-IT FROZEN CUSTARD: Court Okays Disclosure Statement
-------------------------------------------------------
Judge August B. Landis of the U.S. Bankruptcy Court for the
District of Nevada approved Luv-It Frozen Custard, Inc.'s
disclosure statement, dated Nov. 15, 2017, referring to a chapter
11 plan filed on Dec. 4, 2017.

March 14, 2018, is fixed as the last day for filing written
acceptances or rejections of the Fourth Modified Plan, and the last
day for filing and serving written objections to confirmation of
the Plan.

The Troubled Company Reporter previously reported that under the
plan, unsecured creditors will receive pro rata payments of excess
income available on a monthly basis, estimated to be at 10% on the
dollar to all field, settled and allowed claims, to a maximum of
$2,009.16. Contingent or unliquidated claims will not be paid.
This number may or may not exceed liquidation value. Should it
exceed liquidation value, however, the Debtor must pay the higher
amount to creditors.

A copy of the Debtor's Disclosure Statement is available at:

           http://bankrupt.com/misc/nvb17-11417-53.pdf

                  About Luv-It Frozen Custard

Luv-It Frozen Custard Inc. sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Nev. Case No. 17-11417) on March 23,
2017.  The petition was signed by Sharon Tiedemann, owner and
president.

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

The Debtor hired Thomas E. Crowe, Professional Corporation, as
attorney, and Sheila Ildefonzo, as accountant.


MEDRISK: S&P Assigns 'B' LT Issuer Credit Rating, Outlook Stable
----------------------------------------------------------------
S&P Global Ratings said it assigned its 'B' long-term issuer credit
rating to CP VI Bella Midco LLC and its two debt-issuing
subsidiaries, CP VI Bella Topco LLC and CP VI Bella Blocker Topco
LLC  (collectively MedRisk). The outlook is stable.

S&P said, "At the same time, we assigned our 'B' debt ratings to
MedRisk's proposed five-year $60 million first-lien revolver and
seven-year $445 million first-lien term loan. The recovery ratings
on these issues are '3', indicating meaningful (60% rounded
estimate) recovery in a payment default. We also assigned our
'CCC+' debt rating to the proposed eight-year $200 million
second-lien term loan. The recovery rating on this issue is '6',
indicating negligible (0%) recovery in a payment default.

"We affirmed all of our ratings on MedRisk Midco LLC, MedRisk LLC,
and its existing debt, and plan to withdraw all of these ratings
once the deal closes.

“MedRisk's ownership change and increased debt load will not
materially weaken our view of the credit. Although management will
have a smaller ownership stake in the company (about 14% versus 55%
previously), we expect no major change in MedRisk's organic
growth-focused operating strategy, which does not rely on
acquisitions or entry into new products. We believe MedRisk's
delevering plan is reasonably achievable based on its positive
business trends (revenue grew by 61% and adjusted EBITDA nearly
doubled in 2015-2017) and strong free cash-flow conversion (96% for
the 12 months ended Nov. 30, 2017).

"The stable outlook reflects our view that MedRisk will generate
strong organic growth of 15%-20% in 2018 and 5%-10% in 2019, and
adjusted EBITDA growth of 15%-25% in 2018 and 5%-15% in 2019. We
expect the company to delever based on EBITDA growth, with
projected adjusted leverage in the mid-6x-7x range as of year-end
2018 and 6x-6.5x as of year-end 2019. Adjusted EBITDA interest
coverage will be 2x-3x in 2018-2019. MedRisk's projected credit
metrics could be stronger if it chooses to utilize its free cash
flows for debt repayments on top of its required principal
amortization.

"We are not assuming any acquisitions or shareholder dividends in
our 2018-2019 forecast. We believe the company is open to doing
"tuck-in" acquisitions. Shareholder dividends are difficult to
predict but they remain possible, particularly if the company
exceeds revenue, earnings and leverage expectations.

"We could lower our ratings if MedRisk raises debt or its business
deteriorates during the next 12 months leading to sustained
leverage of more than 7.5x; EBITDA interest coverage falls to less
than 2x; or liquidity becomes an issue. We believe a downside
scenario could include a combination of competitive pricing
pressures, significant client losses, lower state reimbursement
rates, higher provider costs, and/or technology/systems issues.

"For leverage to reach 7.5x based on business deterioration, we
estimate that MedRisk's 2018 revenue growth would need to be flat
(or negative) and/or 2018 EBITDA margin would need to contract by
about 200 basis points (or more).

"An upgrade in the next 12 months is unlikely based on our view
that MedRisk's business profile will remain largely the same and
its long-term financial policies will continue to be dictated by it
private-equity sponsors."


MICHAEL BRADFORD: Asks Approval of New Residential Lease Agreement
------------------------------------------------------------------
Michael Stephen Bradford asks the U.S. Bankruptcy Court for the
District of Nevada to authorize it, nunc pro tunc to Dec. 29, 2017,
to enter into the Residential Lease Agreement for the lease of the
residential property located at 11280 Granite Ridge Drive #1051,
Las Vegas, Nevada.

A hearing on the Motion is set for Feb. 21, 2018 at 9:30 a.m.

The Debtor has resided in the Property pursuant to the Winter
Cottage Lease.  As of December 2017, the Winter Cottage Lease was a
month-to-month lease and it required a monthly payment of $5,500
per month.  To aid in his efforts to reorganize, the Debtor has
sought to reside at a property that requires a smaller rental
payment.  As a result, the Debtor entered into the New Lease on
Dec. 29, 2017.

The key terms of the New Lease are:

     a. Rental Payment: $3,530o month (which amount includes $30
for sewer and trash);

     b. Term: Jan. 15, 2018 through January 14, 2019

     c. Initial Payment: $10,895 (includes rent from Jan. 15, 2018
to Feb. 28, 2018 of $5,250, a security deposit of $3,500, a key
deposit of $100, an administrative/credit application fee of $75, a
cleaning deposit of $1,500, a sewer pro-ration of $45, and a pet
fee of $500).

The Debtor has valid business justifications for entering into the
New Lease. He needs a place to reside.  The Winter Cottage Lease
was a month-to-month lease, and the New Lease is approximately
$2,000 per month less.  As a result, the Debtor will reap
significant savings that will assist with paying his creditors.

The Debtor asks approval, nunc pro tunc to Dec. 29, 2017, as this
is the date that he entered into the New Lease to secure the New
Property.  The ability to ask approval prior to entering into a new
residential lease is very limited due to the short time to
transition to a new lease and move and the large demand for
suitable rental properties.  He further asks that the stay under
Fed.R.Bankr. P. 6004(h) be waived so that the New Lease is
effective immediately since he needs a place to live.

Counsel for the Debtor:

          Jeanette E. McPherson, Esq.
          SCHWARTZER & MCPHERSON LAW FIRM
          2850 South Jones Blvd., Suite 1
          Las Vegas, NV 89146
          Telephone: (702) 228-7590
          Facsimile: (702) 892-0122
          E-mail: bkfilings@s-mlaw.com

Michael Stephen Bradford sought Chapter 11 protection (Bankr. D.
Nev. Case No. 17-13761) on July 12, 2017.  The Debtor tapped
Jeanette E. McPherson, Esq., at Schwartzer & McPherson Law Firm, as
counsel.


MORNINGSIDE LLC: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Morningside, LLC
        1390 Morningside Way
        Venice, CA 90291

Business Description: Morningside, LLC is a privately owned
                      company in Venice, California.  It is
                      affiliated with 1060 Palms, LLC, which
                      sought bankruptcy protection on Oct. 3, 2017

                      (Bankr. C.D. Cal. Case No. 17-22183).

Chapter 11 Petition Date: January 22, 2018

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

Case No.: 18-10692

Debtor's Counsel: Moises S Bardavid, Esq.
                  LAW OFFICES OF MOSES S. BARDAVID
                  16133 Ventura Blvd 7th Floor
                  Encino, CA 91436
                  Tel: 818-377-7454
                  Fax: 818-377-7455
                  E-mail: mbardavid@hotmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Yoni Guttman, managing member.

The Debtor stated it has no unsecured creditors.

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

         http://bankrupt.com/misc/cacb18-10692.pdf


NCI BUILDING: Moody's Rates Proposed $415MM Term Loan Due 2025 Ba3
------------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to the proposed new
$415 million, senior secured term loan due 2025 of NCI Building
Systems, Inc. In the same rating action, Moody's affirmed NCI's Ba3
Corporate Family Rating, Ba3-PD Probability of Default, and SGL-2
speculative grade liquidity rating. The outlook is stable.

Proceeds from the new $415 million term loan due 2025 will be used
to repay in full the $144 million existing balance of the $250
million (original balance) term loan due 2022 and the existing $250
million senior unsecured notes due 2023, plus fees and expenses.
The existing ratings of Ba2 on the term loan due 2022 and B1 on the
senior unsecured notes due 2023 will be withdrawn at the closings
of the transactions.

The following rating actions were taken:

Issuer: NCI Building Systems, Inc.

-- $415 million Senior Secured Term Loan B due 2025, assigned a
    Ba3 (LGD4)

-- Probability of Default Rating, Ba3-PD affirmed

-- Corporate Family Rating, Ba3 affirmed

-- Speculative Grade Liquidity Rating, SGL-2 affirmed

-- Senior Secured Term Loan B due June 24, 2022, Ba2 (LGD3) to be

    withdrawn upon close of the transactions

-- 8.25% Senior Unsecured Notes due January 15, 2023, B1 (LGD5)
    to be withdrawn upon close of the transactions

Outlook Actions:

Issuer: NCI Building Systems, Inc.

-- Outlook, Stable

RATINGS RATIONALE

The Ba3 Corporate Family Rating reflects the company's relatively
strong credit metrics for its current rating, with further
improvement expected in fiscal 2018. Pro forma for the new term
loan and repayment of existing debt, NCI's debt leverage will be
2.75x, as adjusted for leases, pensions, and other. Moreover, the
company has successfully taken significant costs out of its
operations, with further efficiencies expected in fiscal 2018 as
well. In addition, Moody's is projecting the non-residential
construction sector, to which NCI is tied, to experience
low-to-mid-single digit growth over the next 12 to 18 months, which
is a benign operating environment for NCI.

At the same time, the ratings incorporate the volatility in steel
prices, which constitute over 70% of the company's cost structure,
and the fact that Clayton Dubilier & Rice, LLC ("CD&R") still has a
34.68% ownership stake in NCI. While this ownership percentage is
no longer a major obstacle to an upgrade, it is still a factor to
watch because of possible event risk.

The stable outlook reflects Moody's expectation that the company's
financial profile will continue improving in fiscal 2018 and that
CD&R will not engage in actions that negatively impact the
company's key credit metrics.

NCI's liquidity is good, supported by 1) nearly $66 million of
unrestricted cash and equivalents at October 29, 2017, 2) a $150
million undrawn asset-based revolver ("ABL") due 2019 (unrated by
Moody's) that will be replaced as part of this refinancing by a
new, undrawn $150 million ABL due 2023 (unrated by Moody's), and 3)
generally positive free cash flow generation. The new ABL is
expected to have a springing 1:1 fixed charge covenant and will be
subject to a borrowing base formula. The new term loan will have no
financial covenants.

A positive rating action could ensue if 1) the company's PE
ownership would continue declining, 2) adjusted debt to EBITDA were
to remain below 3.0x, 3) EBITA margins were to approach 10%, 4)
EBITA to interest expense were to reach the high 4x level, and 5)
revenues were to approach the $3 billion mark.

Alternatively, Moody's would consider a downgrade if 1) operating
income were to decline sharply, 2) adjusted debt to EBITDA were to
exceed 4.25x, 3) EBITA margins were to fall below 5%, 4) EBITA to
interest expense were to fall below 2.5x, 4) free cash flow were to
turn negative on a trailing 12 month basis, and/or 5) liquidity
were to become impaired.

The existing $144 million term loan due 2022 is currently rated
Ba2, one notch above the Corporate Family Rating of Ba3, due to the
loss absorption provided by the $250 million, 8.25% senior
unsecured notes due January 2023. These latter notes are currently
rated B1, one notch below the Corporate Family Rating because they
are the most junior debt instrument in the company's capital
structure. The proposed new $415 million term loan due 2025 is
being assigned a Ba3 rating, the same as the Corporate Family
Rating because it will be the only debt remaining in the capital
structure.

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

Headquartered in Houston, Texas, NCI is one of the largest
integrated manufacturers of metal products for the non-residential
industry in North America. For the 2017 fiscal year that ended
October 29, 2017, NCI generated approximately $1.8 billion in
revenues and $55 million in net income.


NELSON INC: Taps E. Douglass, R. Reid as Legal Counsel
------------------------------------------------------
Nelson, Inc., received approval from the U.S. Bankruptcy Court for
the Western District of Tennessee to hire Eugene Douglass, Esq.,
and Robert Reid as its legal counsel.

The firm will assist the Debtor in the preparation of a bankruptcy
plan and will provide other legal services related to its Chapter
11 case.

Mr. Douglass disclosed in a court filing that he does not hold or
represent any interest adverse to the Debtor's estate.

Mr. Douglass maintains an office at:

     Eugene G. Douglass, Esq.
     Robert W. Reid, Esq.
     2820 Summer Oaks Drive
     Bartlett, TN 38134
     Phone: (901) 388-5804
     E-mail: gene@douglassrunger.com

                       About Nelson Inc.

Headquartered in Memphis, Tennessee, and founded in 1972, Nelson,
Inc. -- http://www.nelson-inc.net-- is an SBA Certified HUB Zone
contractor licensed in Tennessee, Mississippi, Arkansas, Louisiana,
Virginia, and the District of Columbia.  Nelson is a 100% African
American owned and operated firm with offices located in Memphis,
Washington, DC, North Mississippi and the Mississippi Gulf Coast.
During construction, Nelson provides all on-site management,
supervision, and administration as required, to assure the success
of this important reconstruction process.

Nelson, Inc., previously sought bankruptcy protection on May 4,
2011 (Bankr. W.D. Tenn. Case No. 11-24542).

Nelson, Inc., filed for Chapter 11 bankruptcy protection (Bankr.
W.D. Tenn. Case No. 17-29082) on Oct. 15, 2017, listing $5.62
million in total assets and $10 million in total liabilities.  Will
Nelson, president, signed the petition.


NFP CORP: Moody's Maintains B3 CFR Amid Incremental $50MM Loan
--------------------------------------------------------------
Moody's Investors Service is maintaining the B3 corporate family
rating and B3-PD probability of default rating of NFP Corp. (NFP)
following the company's announcement that it plans to borrow an
incremental $50 million under its senior secured term loan (rated
B2). The company will use proceeds from the incremental borrowing
to fund acquisitions and pay related fees and expenses. The outlook
for the ratings is stable.

RATINGS RATIONALE

NFP's ratings reflect its expertise and solid market position in
insurance brokerage, particularly providing employee benefits and
property & casualty products and services to mid-sized firms. The
company also offers insurance and wealth management services to
high net worth individuals. The business is well diversified across
products, clients and regions, primarily in the US. Offsetting
these strengths is NFP's high financial leverage and low interest
coverage. Over the next few months, Moody's expects that
acquisition activity will drive NFP's revenue growth and offset the
recent slowdown in organic growth, especially in NFP's property &
casualty segment. This acquisition activity will give rise to
integration and contingent risks.

Giving effect to the incremental borrowing, NFP will have a pro
forma debt-to EBITDA ratio in the range of 7.5-8x, (EBITDA --
capex) interest coverage in the range of 1.5x-2.0x, and a
free-cash-flow-to-debt ratio in the low single digits, according to
Moody's estimates. The rating agency expects that NFP will reduce
its leverage to around 7.5x through EBITDA growth over the next few
quarters. These pro forma metrics reflect Moody's accounting
adjustments for operating leases, contingent earnout obligations,
certain other non-recurring items, and run-rate EBITDA from
acquisitions.

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

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

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

Corporate family rating B3;

Probability of default rating B3-PD;

$150 million senior secured revolving credit facility maturing in
January 2022, rated B2 (LGD3);

$1.4 billion senior secured term loan (including proposed $50
million increase) maturing in January 2024, rated B2 (LGD3);

$650 million senior unsecured notes maturing in July 2025, rated
Caa2 (LGD5).

Based in New York City, NFP provides a range of brokerage,
consulting and advisory services, including corporate benefits,
retirement, property & casualty, individual insurance and wealth
management solutions to domestic and some international clients,
with a focus on corporate entities and high net worth individuals.
The company generated revenue of $1 billion for the 12 months
through September 2017.


NINE WEST: Moody's Lowers CFR to Ca; Outlook Negative
-----------------------------------------------------
Moody's Investors Service downgraded Nine West Holdings, Inc.'s
Corporate Family Rating to Ca from Caa3, Probability of Default
Rating to Ca-PD from Caa3-PD, Senior Secured Bank Credit Facility
to Caa2 from Caa1, Senior Unsecured Bank Credit Facility to Ca from
Caa3 and other Senior Unsecured debt to C from Ca. The ratings
outlook is negative.

"The downgrade and negative ratings outlook reflect Moody's belief
that Nine West's probability of default, including the potential
for a distressed exchange-type of restructuring, is very high over
the near term," stated Moody's apparel analyst, Mike Zuccaro. "At
current levels of performance, Nine West's capital structure is
unsustainable, and its debt begins to mature in March 2019. Thus,
the new ratings reflect Moody's view of expected losses in a
default scenario."

Moody's took the following rating actions:

Issuer: Nine West Holdings, Inc.

-- Corporate Family Rating, Downgraded to Ca from Caa3

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

-- Senior Secured Bank Credit Facility due 2019, Downgraded to
    Caa2 (LGD2) from Caa1 (LGD2)

-- Senior Unsecured Bank Credit Facility due 2020, Downgraded to
    Ca (LGD4) from Caa3 (LGD4)

-- 8.25% Senior Unsecured Notes due 2019, Downgraded to C (LGD5)
    from Ca (LGD5)

-- Outlook changed to Negative from Stable

Issuer: Jones Group Inc. (The)

-- 6.875% Senior Unsecured Notes due 2019, Downgraded to C (LGD5)

    from Ca (LGD5)

-- 6.125% Senior Unsecured Bonds due 2034, Downgraded to C (LGD5)

    from Ca (LGD5)

RATINGS RATIONALE

Nine West's Ca Corporate Family Rating reflects the company's weak
operating performance and very high debt and leverage burden. Nine
West faces significant debt maturities in March and April 2019
which need to be addressed, which heightens the risk that the
company will be unable to obtain a clean audit opinion. At current
performance levels, the company's capital structure is
unsustainable and its probability of default, including the
potential for a distressed exchange-type of restructuring, is very
high over the near term. Unadjusted leverage (calculated using
unadjusted debt and company EBITDA) exceeded 19 times for the
twelve month period ended September 30, 2017. The rating also
reflects the company's high exposure to the challenged moderate
price department store sector which Moody's believe will make
revenue growth difficult. The company's retail business has also
been challenged for a number of years and has yet to demonstrate
revenue and earnings stability. While the company continues to take
actions to improve operations, significant improvement is still
needed to reduce leverage to more sustainable levels.

Nine West's liquidity is weak due to debt maturities that begin in
March 2019. However, excess revolver availability of $76 million as
of September 30, 2017, coupled with ongoing tight working capital
management and modest capital spending requirements, appears
sufficient to fund operations over the next twelve months until
debt begins to mature.

The negative rating outlook reflects the company's very high
probability of default, including the potential for a distressed
exchange, over the near term due to its very high leverage,
unsustainable capital structure and upcoming debt maturities.

Ratings could be downgraded the company's probability of default
were to increase. Ratings could be upgraded if the company makes
sustained progress improving operating performance such that
leverage began to approach more sustainable levels and its
probability of default decreases. An upgrade would also require the
company to improve liquidity, including the extension of its debt
maturity profile.

Headquartered in New York, NY, Nine West Holdings is the surviving
corporation following the April 2014 acquisition of The Jones
Group, Inc. by affiliates of Sycamore Partners. Revenue approached
$1.4 billion in the twelve month period ended September 30, 2017.
Its most significant brands include Nine West, Gloria Vanderbilt,
L.e.I. and Kasper.

The principal methodology used in these ratings was Apparel
Companies published in December 2017.


NORTHWEST TERRITORIAL: Proposes Auction Sale of Assets by Murphy
----------------------------------------------------------------
Mark Calvert, the Chapter 11 Trustee for Northwest Territorial
Mint, LLC ("NWTM"), asks the U.S. Bankruptcy Court for the Western
District of Washington to authorize (i) the sale by auction of the
Debtor's physical assets such as equipment, dies, tooling,
archives, and inventory, free and clear of liens, claims,
interests, and encumbrances; and (ii) the employment of James G.
Murphy Inc. to conduct the auction.

The Debtor's custom minting operations, which were based out of
NWTM's Dayton, Nevada, facility, were the core operations of the
Debtor.  In 2017, its suffered marginal profits or net operating
losses during each of the last 11 months of the year and suffered
an operating loss of more than half a million dollars for calendar
year 2017.

The majority of the Debtor's assets constitute minting equipment,
dies, inventory and an archive of historical and reference
materials.  Its assets are primarily housed in its Dayton, Nevada
facility.  Certain valuable equipment of the Debtor is located in
Green Bay, Wisconsin, but will be moved from Green Bay to Dayton if
the Court approves the auction.

It is imperative that the Trustee be able to conduct a sale of the
Debtor's assets expeditiously in order to reduce administrative
expenses, and in order to be able to move out of its facility in
Dayton.  It would not be practical to move all the assets at the
Dayton facility to a separate facility pending the auction.  Some
of the equipment is very large, heavy machinery, which would be
costly to house in a separate facility.

On March 1, 2017, the Court entered an Ex Parte Order Authorizing
Employment of James G. Murphy Inc. as Auctioneer for the Trustee.
The order, which was sought in connection with the Trustee's
efforts to sell certain surplus equipment, provides that the
Trustee is authorized to employ Murphy as auctioneer to appraise
the Debtor's equipment and to conduct an auction on such terms and
conditions as the Court may direct in a further order.  In March
2017, Murphy appraised the Debtor's surplus equipment and
non-surplus equipment in the Debtor's Dayton facility.

In June, 2017, the Trustee obtained the Court's approval of the
sale of surplus and scrap equipment.  Subsequently, the Trustee did
liquidate a few items of surplus and scrap equipment through an
online auction, but most of the surplus and scrap equipment remains
in the possession of the Trustee.  The Trustee now wishes to sell
substantially all of the Debtor's remaining equipment and other
assets at auction.

The Trustee has reached an agreement with Murphy to sell the
Debtor's assets at auction under terms which compensate Murphy with
a 10% buyer’s premium and reimbursement for expenses incurred in
connection with the sale. A copy of the terms of Murphy's
engagement agreement is attached to the Declaration of Mark Calvert
as Exhibit A. Murphy has informed the Trustee that he will need to
market the auction for a period of two months prior to the conduct
of the auction and that a buyer will need at least twenty days
following the auction to remove the assets from the company’s
business premises.

The Trustee continues to entertain offers from prospective
purchasers for certain of the estate's assets.  Under the terms of
the engagement agreement, the Trustee may pull property from the
auction before Feb. 1, 2018 and sell it independently.  He may pull
property from the auction after Feb. 1, 2018 only in connection
with a sale of substantially all of the Debtor's property.  In that
scenario, the James G. Murphy will be entitled to a 5% commission
on the property pulled from the auction by the Trustee after Feb.
1,
2018.

Two creditors have asserted liens against certain of the assets of
the estate, the validity of which liens are disputed by the
Trustee.  In addition, among the assets the Trustee wishes to
include in the auction is surplus equipment that is subject to an
unperformed purchase agreement with American Relief Mint ("ARM")
which is the subject of a pending adversary proceeding.  In April
of 2017, the Trustee obtained approval of the sale of certain
surplus equipment to ARM for a total purchase price of $190,003.
ARM paid the Trustee a $14,500 deposit, but failed to pay the
balance of the purchase price.  The Trustee filed an adversary
proceeding, Case No. 17-01127-CMA, to recover the balance of the
purchase price from ARM which remains pending before this Court.
He intends to sell the surplus equipment that is the subject of the
dispute with ARM in order to mitigate his damages, reserving all
rights against ARM in the adversary proceeding.

The Court has expressed reservation of any determination as to
whether Medallic Art Co., LP ("MALP"), a predecessor in interest to
Medallic Art Co., LLC ("MACLLC") may hold an interest in certain of
the assets under the Trustee's control.  But MALP does not hold any
interest in the assets held by the Trustee because MALP transferred
all of its assets to substantively consolidated debtor MACLLC in
late 2009 and thereafter concluded its business affairs.  Both
owners of MACLLC and MALP have testified in the case that the
assets of MALP were transferred to and held by MACLLC.  As all of
the assets acquired from Medallic Ltd. (the entity controlled by
the Hoffs) by MALP were transferred to MACLLC, those assets are all
now part of the substantively consolidated bankruptcy estate.

The Hoffs allege that they hold a security interest in certain
personal property relating to the Dayton Lease.  The Trustee
disputes that the Hoffs hold a perfected security interest in the
assets identified in the Security Agreement.  MALP executed the
Security Agreement on July 10, 2009 and it was perfected on the
same day.  The initial financing statement expired after five
years, i.e., July 10, 2014.  The Hoffs did not file a continuation
statement prior to the expiration of the initial UCC-1, causing
their security interest to lapse.

Pan American Silver Corp. has asserted a secured claim against
certain property of the Debtor that the Trustee intends to sell.
On April 4, 2005, Pan American entered into a Consignment/Security
Agreement that specifically provides that the Debtor will hold all
the right, title, and interest in and to the designs struck on both
sides of the Coins, the designs of the Bars and all dies and
tooling used to make the Coins and Bars, and all copyrights,
trademarks, and other intellectual property rights embodied or
incorporated in the Designs, in the Products and/or in the dies and
tooling used to make the Coins and Bars.

Pan American asserts that it holds a security interest in certain
equipment that the Trustee intends to sell.  The Trustee has
identified only a few items of equipment at the Dayton Facility
that are described in Pan American's proof of claim as being
subject to its alleged security interest.  The Trustee disputes
that Pan American holds a valid perfected security interest in the
equipment.  The Security Agreement contains no collateral
description that reasonably identifies what is described.  Instead,
it states that Pan American's collateral.  Moreover, to the extent
Pan American's claim is secured, it is not perfected.  Pan
American's 2005 financing statement has lapsed, and its 2015
financing statement fails to sufficiently describe the collateral.

While two parties have asserted lien interests in the property that
the Trustee proposes to auction, those liens are the subject of
bona fide dispute, do not provide an impediment to the Trustee's
ability to conduct the auction and liquidate the assets of the
estate.

An immediate sale by auction of the Debtor's equipment and
inventory is critical.  Further delay will result in additional
administrative expense for the estate due to additional rents which
the Trustee will pay the Dayton landlord and employees who will
need to stay on staff to preserve the property of the estate until
the assets can be liquidated.  Accordingly, the Trustee asks the
Court to approve the relief sought.

                  About Northwest Territorial

Northwest Territorial Mint LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. W.D. Wash. Case No. 16-11767) on
April 1, 2016.  The petition was signed by Ross B. Hansen, member.
The Debtor estimated both assets and liabilities in the range of
$10 million to $50 million.

The case is assigned to Judge Christopher M. Alston.

The Debtor was represented by J. Todd Tracy, Esq., at The Tracy Law
Group PLLC.

The official committee of unsecured creditors, formed on April 15,
2016, retained Miller Nash Graham & Dunn LLP as its bankruptcy
counsel, and Lorraine Barrick LLC as financial advisor.

On April 11, 2016, Mark Calvert was appointed as Chapter 11 trustee
for the Debtor.  Upon his appointment, the Trustee took control
over the business operations of the Debtor and initiated his
investigation of the financial affairs of the bankruptcy estate.

K&L GATES LLP is counsel to the Trustee.

JAMES G. MURPHY INC. is auctioneer for the Trustee.



NORVIEW BUILDERS: Case Summary & 11 Unsecured Creditors
-------------------------------------------------------
Debtor: Norview Builders, Inc.
        9417 Tulley Avenue
        Oak Lawn, IL 60453

Business Description: Norview Builders, Inc. is a general
                      contractor in Oak Lawn, Illinois.  The
                      company is a small business Debtor as
                      defined in 11 U.S.C. Section 101(51D).  Its
                      principal assets are located at 706 Lockport
                      Street and 24137 Lockport Street Plainfield,
                      IL 60544.

Chapter 11 Petition Date: January 22, 2018

Case No.: 18-01825

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Jacqueline P. Cox

Debtor's Counsel: Gregory K Stern, Esq.
                  GREGORY K. STERN, P.C.
                  53 West Jackson Blvd., Suite 1442
                  Chicago, IL 60604
                  Tel: 312 427-1558
                  Fax: 312 427-1289
                  E-mail: gstern1@flash.net
                          greg@gregstern.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Brenda P. O'Sullivan, president.

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

          http://bankrupt.com/misc/ilnb18-01825.pdf


NOVABAY PHARMACEUTICALS: May Issue 615,392 Shares Under 2017 Plan
-----------------------------------------------------------------
NovaBay Pharmaceuticals, Inc. filed a Form S-8 registration
statement with the Securities and Exchange Commission to register a
total of 615,392 shares of Common Stock, par value $0.01 per share,
of the Company for issuance under the NovaBay Pharmaceuticals, Inc.
2017 Omnibus Incentive Plan.

The number of shares of Common Stock available for issuance under
the shareholder-approved Plan was subject to an automatic annual
increase on the first day of each of the Company's fiscal years
beginning on Jan. 1, 2018 and ending on Jan. 1, 2027 by an amount
equal to (i) four percent of the number of shares of Common Stock
outstanding on the last day of the immediately preceding fiscal
year or (ii) such lesser number of shares of Common Stock as
determined by the Board of Directors.  For 2018, the Board
authorized an increase of 615,392 shares of the Company's Common
Stock under the Plan, consisting of the full four percent increase
allowed pursuant to the Plan's evergreen provision.  These shares
are in addition to the 2,318,486 shares of Common Stock registered
on the Company's Form S-8 filed on June 2, 2017.  Since the Plan
provides that the annual increase in the aggregate number of shares
that may be issued pursuant to the Plan's evergreen provision
begins for fiscal years commencing Jan. 1, 2018, this Registration
Statement accounts for the first share increase under the evergreen
provision.

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

                     https://is.gd/c37AOC

                 About NovaBay Pharmaceuticals

Based in Emeryville, California, NovaBay Pharmaceuticals --
http://www.novabay.com/-- is a biopharmaceutical company focusing
on the commercialization of prescription Avenova lid and lash
hygiene for the domestic eye care market.  Avenova is formulated
with Neutrox which is cleared by the U.S. Food and Drug
Administration (FDA) as a 510(k) medical device.  Avenova is
marketed to optometrists and ophthalmologists throughout the U.S.
by NovaBay's direct medical salesforce.  It is accessible from more
than 90% of retail pharmacies in the U.S. through agreements with
McKesson Corporation, Cardinal Health and AmeriSource Bergen.

Novabay reported a net loss of $13.15 million for the year ended
Dec. 31, 2016, a net loss of $18.97 million for the year ended
Dec. 31, 2015, and a net loss of $15.19 million for the year ended
Dec. 31, 2014.  As of Sept. 30, 2017, Novabay had $11.05 million in
total assets, $9.22 million in total liabilities and $1.83 million
in total stockholders' equity.


NVA HOLDINGS: Moody's Rates Proposed $937MM 1st Lien Term Loan 'B1'
-------------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to NVA Holdings,
Inc.'s proposed $937 million first lien term loan due 2025.
Proceeds from this new term loan will be used to repay the
company's existing $939 million first lien term loan due 2021.
There is no change to the company's existing ratings, including its
B3 Corporate Family Rating, B3-PD Probability of Default Rating, B1
senior secured revolving credit facility rating and Caa2 second
lien term loan rating. The rating outlook remains stable.

"Given that the refinancing effectively swaps extends the maturity
of NVA's term loan, this transactions as leverage neutral, but
still credit positive" said Moody's Vice President Kailash Chhaya.

Rating Assigned:

First lien term loan due 2025 at B1 (LGD 3)

Rating to be withdrawn upon close:

Senior secured first lien term loan due 2021 at B1 (LGD 3)

RATINGS RATIONALE

NVA's B3 Corporate Family Rating reflects its high financial
leverage with debt/EBITDA near eight times. Moody's expects that
leverage will remain high, as the company will continue to use
incremental debt to fund acquisitions. NVA's credit profile
benefits from its solid market presence as a leading operator of
freestanding veterinary hospitals in the U.S., Australia, and
Canada. While NVA is growing rapidly by acquisition, it has a solid
track record managing acquired hospitals, evidenced by its ability
to consistently grow same-store sales while maintaining high
operating margins. The ratings also reflect its good liquidity with
solid free cash flow (before acquisitions) and access to an undrawn
$94.5 million revolving credit facility.

Ratings could be upgraded if NVA maintains more conservative
financial policies than currently, such that debt/EBITDA is
sustained below 6 times. The company would also need to continue to
demonstrate successful acquisition integration while maintaining
good liquidity.

Ratings could be downgraded if the company's liquidity profile
erodes or financial policies become more aggressive.
Quantitatively, ratings could be lowered if EBITA/interest falls
below one times.

Based in Agoura Hills, California, NVA Holdings, Inc. is a leading
provider of veterinary medical services, operating approximately
550 locally-branded animal hospitals across the United States,
Australia, New Zealand and Canada. NVA provides medical, diagnostic
testing, and surgical services to support veterinary care. The
company also offers ancillary services including boarding and
grooming, and the sale of pet food and other retail pet care
products. NVA is owned by funds affiliated with Ares Management LLC
and OMERS. Revenues exceed $1 billion.


NVA HOLDINGS: S&P Rates New $937MM 1st Lien Term Loan 'B'
---------------------------------------------------------
S&P Global Ratings assigned its 'B' issue-level rating and '3'
recovery rating to NVA Holdings Inc.'s proposed $937 million senior
secured first-lien term loan. The proposed term loan matures in
2025 and the company will use proceeds to refinance the existing
first-lien term loan, which matures in 2021.

S&P said, "Our 'B' issue-level rating and '3' recovery rating on
the senior secured debt indicates our expectations for meaningful
(50%-70%; rounded estimate: 55%) recovery in the event of payment
default. Our rating on the second-lien debt remains 'CCC+', with a
'6' recovery rating. The '6' recovery rating indicates our
expectation for negligible (0%-10%; rounded estimate: 0%) recovery
of principal in the event of a payment default.

"Our corporate credit rating on NVA remains 'B' with a stable
outlook, reflecting the company's leading position but narrow
operating focus in the highly fragmented veterinary practices
market. The rating also reflects our expectation that NVA's
adjusted leverage will remain above 7x.

RECOVERY ANALYSIS

Key analytical factors:

-- NVA's capital structure will consist of a $94.5 million
revolving credit facility, the proposed $939 million first-lien
term loan, a $400 million second-lien term loan, and approximately
$19 million in subordinated seller notes.

-- S&P has valued the company as a going-concern basis using a
5.5x multiple of our projected emergence EBITDA.

-- S&P estimates that in a default scenario, EBITDA would decline
significantly, stemming from a prolonged economic downturn that
leads to a sharp revenue decline (in light of the discretionary
nature of consumer spending on animal health products and
services).

Simplified recovery waterfall

-- Emergence EBITDA: $118 mil.
-- Multiple: 5.5x
-- Gross recovery value: $647 mil.
-- Net recovery value for waterfall after admin expenses (5%):
$614 mil.
-- Obligor/non-obligor valuation split: 92%/8%
-- Estimated first-lien claim: $1020 mil.
-- Value available for first-lien claim: $597 mil.
    --Recovery range: 50%-70%; rounded estimate: 55%
-- Estimated second-lien claim: $419 mil.
-- Value available for second-lien claim: $0 mil.
    --Recovery range: 0%-10%; rounded estimate: 0%

RATINGS LIST
  NVA Holdings, Inc.
  Corporate credit rating                  B/Stable/--

  New Ratings
  NVA Holdings, Inc.
  Senior Secured
   $937 mil sr secd term loan due 2025     B
    Recovery rating                        3(55%)


OFFSHORE SPECIALTY: Liable for M. Hahn's Personal Injuries
----------------------------------------------------------
Bankruptcy Judge Marvin Isgur entered a ruling holding Offshore
Specialty Fabricators liable for Mickel Hahn's personal injuries.

Hahn filed a proof of claim asserting a maritime lien against OSF
for personal injuries that occurred aboard OSF's vessel the
"William Kallop" on September 8, 2015. Hahn alleges his injuries
required significant medical attention and resulted in prolonged
pain, suffering, and mental anguish, as well as a diminished future
earning capacity.

Hahn filed a Jones Act claim against OSF in the 333rd Judicial
District Court in Harris County, Texas, alleging that, as a seaman
employed on a vessel in navigable waters, OSF failed to pay him
required maintenance and cure for the William Kallop's unseaworthy
condition, and that OSF's negligence caused his injuries. However,
before Hahn's trial began, OSF filed for chapter 11 bankruptcy,
staying Hahn's state court suit.

Hahn filed a proof of claim in OSF's bankruptcy case asserting a
secured maritime tort lien of $3,500,000 against the William
Kallop. OSF and Crosby Tugs both filed timely objections opposing
Hahn's claim. Hahn alleges damages from depression and anxiety
resulting from the injury. Hahn's purported medical expenses total
$260,196.11. The bills Hahn presented contain significant duplicate
billings. It appears that the duplicated billings have been
eliminated and no party challenged Hahn's calculation of the
correct total.

OSF challenges some of Hahn's claim for past medical expenses,
arguing that Hahn's medical records indicated that some of his
depression and anxiety were preexisting conditions Hahn experienced
prior to his injury on the William Kallop; as preexisting
conditions, OSF argues that it should not be liable for these
particular conditions.

The Court finds that although OSF claims Hahn's recovery should be
limited because his depression and anxiety existed before the
accident on the William Kallop, this objection alone does not
satisfy the standard established in Johnson since OSF failed to
identify any attempt by Hahn to conceal his purported preexisting
condition. Furthermore, OSF's argument fails to consider the fact
that a tortfeasor takes the victim as he finds him. Even if Hahn
was predisposed to depression and anxiety, OSF remains liable if
the injury triggered a relapse in his condition.

Hahn seeks recovery to compensate him for his future medical
expenses and his alleged diminished work capacity caused by his
injury. To support his claim, Hahn provided a detailed Life Care
Plan created by Dr. Todd Cowen and an Earning Capacity Appraisal by
Dr. Kenneth G. McCoin. The Life Care Plan was created based upon
Dr. Cowen's examination of Hahn in July 2016. In total, the two
reports estimate that Hahn requires approximately $1,631,778.83
($1,080,915.00 for loss of future earnings and $550,863.83 for
future medical expenses) to properly compensate him for the
increased medical expenses and decreased earning potential as a
result of the accident.

Upon analysis, the Court holds that Hahn's failure to disclose his
most recent accident hindered OSF and Crosby's preparation for the
estimation hearing since they were unable to thoroughly examine the
impact this accident may have had on Hahn. Based on this
information, the Court estimates a 50% reduction in Hahn's recovery
for future medical expenses and diminished earning capacity to
$815,889.41.

Hahn also failed to give any live or affidavit testimony regarding
the extent of his current pain and suffering. Hahn is not
completely disabled. Although the injury impacted his quality of
life, he remains self-sufficient and capable of performing most
activities. As a result, the Court reduces Hahn's soft damages
estimated claim by 90% to $160,080.25.

The bankruptcy case is in re: OFFSHORE SPECIALTY FABRICATORS, LLC;
fka OFFSHORE SPECIALTY FABRICATORES, INC. Chapter 11, Debtor(s),
Case No. 17-35623 (Bankr. S. D. Tex.).

A copy of Judge Isgur's Jan. 16, 2018 Memorandum Opinion is
available at https://is.gd/hsAr8R from Leagle.com.

Offshore Specialty Fabricators, LLC, Debtor, represented by Michael
David Fritz -- mfritz@diamondmccarthy.com -- Diamond McCarthy LLP,
Robert Joshua Koch, Jr., Koch & Schmidt LLC & Kyung Shik Lee --
klee@diamondmccarthy.com -- Diamond McCarthy LLP.

US Trustee, U.S. Trustee, represented by Christine A. March ,
Office of the US Trustee.

Official Committee of Unsecured Creditors of Offshore Specialty
Fabricators, LLC, Creditor Committee, represented by Edward H.
Arnold, III -- harnold@bakerdonelson.com -- Baker Donelson et al,
Daniel J. Ferretti -- dferretti@bakerdonelson.com -- Baker Donelson
et al, Jan M. Hayden – jhaydent@bakerdonelson.com -- Baker
Donelson et al & Susan C. Mathews – smathews@bakerdonelson.com --
Baker, Donelson, Bearman, Caldwell & Ber.

            About Offshore Specialty Fabricators

Offshore Specialty Fabricators, LLC -- http://www.osf-llc.com--
provides decommissioning project management utilizing its heavy
lift derrick barges for the installation and removal of oil and gas
facilities in the Gulf of Mexico.  Its facility is located at 115
Menard Rd. in Houma, Louisiana.

Offshore Specialty has been providing offshore construction
solutions to the international and domestic oil and gas industry
for more than 20 years.

Offshore Specialty sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Case No. 17-35623) on Oct. 1,
2017.  Tammy Naron, its chief executive officer, signed the
petition.

The Debtor hires Diamond McCarthy LLP as counsel, and Koch &
Schmidt Law Firm, as special counsel.

At the time of the filing, the Debtor estimated assets of $50
million to $100 million and estimated liabilities of $10 million to
$50 million.

Judge Marvin Isgur presides over the case.

On Oct. 25, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


OLEARY DEVELOPMENT: Case Summary & 15 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: OLeary Development Company LLC
        801 Noble St, # 1100
        Anniston, AL 36201-5698

Business Description: OLeary Development Company LLC is a
                      privately held company that leases real
                      estate properties.  The company is the fee
                      simple owner of a real property located at
                      1100 Noble St, Anniston, AL, 36201-4639 with
                      a market value of $5.40 million.  The
                      company's gross revenue amounted to $373,897
                      in 2017 and $153,783 in 2016.

Chapter 11 Petition Date: January 22, 2018

Case No.: 18-40093

Court: United States Bankruptcy Court
       Northern District of Alabama (Anniston)

Debtor's Counsel: Harold Douglas Redd, Sr., Esq.
                  THE REDD LAW FIRM, PC
                  5343 Old Springville Road
                  Pinson, AL 35126
                  Tel: 205-854-8874
                  Fax: 205-854-8840
                  E-mail: hdougredd@gmail.com

Total Assets: $5.49 million

Total Liabilities: $2.11 million

The petition was signed by Christopher R oLeary, Sr., managing
partner.

A copy of the Debtor's list of 15 largest unsecured creditors is
available for free at http://bankrupt.com/misc/alnb18-40093.pdf


PENINSULA AIRWAYS: Taps Porter & Allison as Accountant
------------------------------------------------------
Peninsula Airways, Inc., received approval from the U.S. Bankruptcy
Court for the District of Alaska to hire Porter & Allison, Inc., as
its accountant.

The firm will audit the financial statements of Debtor's 401(k)
Profit Sharing Plan and Trust for the year ending March 31, 2017;
provide a financial statement review for the year ending March 31,
2017; and provide other accounting services as needed on an ongoing
basis.

David Porter and Ben Allison, partners at Porter & Allison, charge
$250 per hour for their services.  The rate for the firm's senior
audit staff is $150 per hour.

Porter & Allison does not hold or represent any interest adverse to
the Debtor's estate, according to court filings.

The firm can be reached through:

     David Porter
     Ben Allison
     Porter & Allison, Inc.
     9138 Arlon Street, Suite A3 #270
     Anchorage, AK 99507
     E-mail: dporter@porterallison.com
             ballison@porterallison.com
     Tel: 907-770-CPAs (2727)

                      About Peninsula Airways

Founded in 1955 by Orin Seybert in Pilot Point, Alaska, Peninsula
Airways, Inc., doing business as PenAir, is one of the oldest
family owned airlines in the United States and is Alaska's second
largest commuter airline.  Its main base is Ted Stevens Anchorage
International Airport, with other hubs located at Portland
International Airport in Oregon, Boston Logan International Airport
in Massachusetts and Denver International Airport in Colorado.
PenAir currently has a code sharing agreement in place with Alaska
Airlines with its flights operated in the state of Alaska as well
as all of its flights in the lower 48 states appearing in the
Alaska Airlines system timetable.

Peninsula Airways filed a Chapter 11 petition (Bankr. D. Alaska
Case No. 17-00282) on Aug. 6, 2017.  The petition was signed by
Daniel P. Seybert, its president.  At the time of filing, the
Debtor estimated assets and liabilities ranging from $10 million to
$50 million.

The case is assigned to Judge Gary Spraker.  

Cabot C. Christianson, Esq., at the Law Offices of Cabot
Christianson, P.C., is serving as bankruptcy counsel to the Debtor.
Dawson Law Group, LLC, is the Debtor's special counsel.

The official committee of unsecured creditors formed in the case
retained Erik LeRoy, P.C., as counsel.


PHOENIX SERVICES: Moody's Assigns 'B2' CFR; Outlook Stable
----------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating
(CFR) and a B2-PD Probability of Default Rating (PDR) to Phoenix
Services International LLC (Phoenix Services). In addition, Moody's
assigned a B2 rating to Phoenix Services Merger Sub, LLC's proposed
$65 million senior secured revolving credit facility and its $465
million senior secured term loan. These ratings are commensurate
with the corporate family rating since the revolver and the term
loan will share in the same collateral package and will account for
virtually all of the debt in the company's capital structure. The
proceeds from the term loan will be used to fund a significant
portion of the acquisition of Phoenix Services (Metal Services LLC)
by Apollo Global Management. The ratings outlook is stable. The
ratings have been assigned pending the receipt and review of final
documentation. The existing ratings at Metal Services LLC will be
withdrawn when the acquisition by Apollo is completed.

Assignments:

Issuer: Phoenix Services International LLC

-- Corporate Family Rating, Assigned B2;

-- Probability of Default Rating, Assigned B2-PD.

Issuer: Phoenix Services Merger Sub, LLC

-- $65 million senior secured revolving credit facility B2
    (LGD4);

-- $465 million senior secured term loan B2 (LGD4).

Outlook Actions:

Issuer: Phoenix Services International LLC

-- Outlook, Assigned Stable

Issuer: Phoenix Services Merger Sub, LLC

-- Outlook, Assigned No Outlook

RATINGS RATIONALE

Phoenix Services' B2 corporate family rating is supported by its
strong market position, highly-variable cost structure and the
downside protection afforded by the company's long-term contracts
with fixed fees and tiered pricing. It also reflects the high
margins it has generated through various steel sector cycles, its
ability to achieve consistent growth in the number of sites it
serves, its variable maintenance expenditures and good liquidity.
Phoenix Services' rating is constrained by its somewhat high
financial leverage, weak interest coverage and inconsistent free
cash generation due to periodic capital spending at new mill sites
in advance of cash flow generation from those sites. The company is
also reliant on the highly cyclical steel sector and has
significant customer concentration with ArcelorMittal (Ba1
positive), though recent business wins with large customers
provides some diversity.

Phoenix Services plans to establish a new $465 million senior
secured first lien term loan maturing in 2025 with the proceeds
used to fund a significant portion of the acquisition of Phoenix
Services (Metal Services) from Olympus Partners and other
shareholders. The company also plans to establish a new $65 million
revolver with a 5 year maturity.

Phoenix Services has recently benefitted from relatively favorable
domestic and international steel sector dynamics, and the
expectation those conditions will continue over the next 12 to 18
months. The improved US steel sector dynamics reflect moderately
improved end market demand and prices in the upper end of the range
of the past few years. US steel production increased by about 4.5%
in 2017 and worldwide steel production rose by 5.6% through
September 2017 according to the World Steel Association. Worldwide
steel production is expected to increase modestly in 2018. The
higher level of steel production supports Phoenix Services'
operating performance, since its revenue generation is tied to the
production levels of the steel mills that it serves. The company is
also benefitting from EBITDA generation from new mill sites,
especially in Brazil. As a result, the company's revenues and
adjusted EBITDA increased moderately during the nine months ended
September 2017 and it likely produced adjusted EBITDA in the range
of $110 million - $115 million in 2017. The company's operating
results should improve modestly in 2018 if steel production remains
at or above current levels, but further upside will be dependent on
new business awards. Assuming modestly improved results, then its
adjusted leverage ratio (Debt/EBITDA) will be in the range of
3.7x-3.9x and its interest coverage (EBIT/Interest Expense) around
1.3x-1.5x. These metrics will be in line with the B2 corporate
family rating.

Phoenix is expected to maintain good liquidity and will have no
meaningful debt maturities prior to the maturity date of the
proposed revolver in 2023, and its term loan matures in 2025. The
company is expected to maintain a modest cash balance and to have
full availability under the $65 million revolver when the
acquisition closes. Moody's expects the company to generate
sufficient EBITDA to cover cash interest, as well as maintenance
capital spending and expansionary capital spending associated with
new contracts over the next 12 to 18 months. However, free cash
flow generation will depend on the extent to which the company is
awarded new contracts and whether improved business conditions
require investments in working capital.

The stable outlook reflects the likelihood that Phoenix Services'
operating results will be relatively stable or modestly improve
over the next 12 to 18 months and it will maintain credit metrics
that are appropriate for the B2 rating. It also presumes the
company will maintain good liquidity to support its operations.

Phoenix Services' ratings are not likely to experience upward
pressure in the near term, but an upgrade could occur if the
company sustains a leverage ratio below 4.0x (Debt/EBITDA) and cash
flow from operations above 15% of outstanding debt. An upgrade
would also require conservative financial policies, such as using
internally-generated cash flow to fund a large percentage of the
capital associated with new business wins.

The ratings would be considered for a downgrade if the company's
leverage ratio rises above 5.0x or its interest coverage falls
below 1.0x (EBIT/Interest Expense) on a sustainable basis. A
material reduction in liquidity or more aggressive financial
policies could also pressure the rating.

The principal methodology used in these ratings was Steel Industry
published in September 2017.

Headquartered in Kennett Square, Pennsylvania, Phoenix Services
International LLC provides on-site steel mill services such as the
removal, handling, and processing of slag, metal recovery, scrap
preparation, material handling, aggregate sales and other ancillary
services and generated about $380 million in revenues for the LTM
period ended September 30, 2017. The company was founded in 2006
and will be wholly owned by Apollo Global Management when the
acquisition is completed.


PHOENIX SERVICES: S&P Affirms 'B' CCR, Outlook Stable
-----------------------------------------------------
Kennett Square, Pa.-based steel mill services provider Phoenix
Services International LLC has entered into a definitive agreement
to be acquired by Apollo Global Management LLC for an undisclosed
amount. S&P expects the acquisition will be primarily debt
financed, resulting in pro forma adjusted debt leverage of about
4.5x.

S&P Global Ratings affirmed its 'B' corporate credit rating on
Phoenix Services International LLC. The outlook is stable. S&P also
removed all its ratings on Phoenix from CreditWatch, where they
were placed with negative implications on Dec. 11, 2017.

S&P said, "At the same time, we assigned our 'B' issue-level rating
to the company's proposed $65 million revolving credit facility due
in 2023 and proposed $465 million senior secured first-lien term
loan due in 2025. The recovery rating is '3', reflecting our
expectation of meaningful (50% to 70%; rounded estimate: 65%)
recovery in the event of a payment default. Both issues are
borrowed by Phoenix Services International LLC and Phoenix Services
Merger Sub, LLC.

"The rating affirmation reflects our expectation that Phoenix will
generate adjusted debt to EBITDA of 4x-4.5x and EBITDA interest
coverage of 2x-2.5x over the next 12 months. We expect the
acquisition will be financed primarily with a $465 million term
loan. The proposed debt issuances, which we expect will close in
the first quarter of 2018, eliminates our previous refinancing
concerns. We expect Phoenix to generate cash flow from operations
of $70 million-$80 million over the next 12 months, relative to
about $60 million for the 12 months ended Sept. 30, 2017. While the
company could use this increased level of cash flow to decrease
leverage, we expect Apollo to employ an aggressive financial
strategy that could keep credit metrics elevated. If Phoenix does
not enter new steel mill sites, which would require additional
capital spending, we expect Apollo to use excess cash flow to pay
itself dividends.

"The stable outlook incorporates our expectation that Phoenix
Services will generate improved EBITDA based on low-single-digit
percentage revenue growth and stable EBITDA margins. This solid
operational performance is partially offset by our view that Apollo
will employ an aggressive financial strategy, which may keep
leverage elevated. We expect Phoenix to generate adjusted debt to
EBITDA of 4x-4.5x and EBITDA interest coverage of 2x-2.5x over the
next 12 months.

"We could lower our ratings on Phoenix over the next 12 months if
it generated EBITDA interest coverage approaching 1.5x, or adjusted
debt to EBITDA approaching 7x. This could be caused by a large
debt-financed dividend or acquisition. We do not expect operational
performance to cause this type of deterioration in credit metrics,
based on the company's majority-contracted revenues and low degree
of operating leverage.

"We view an upgrade in the next 12 months to be unlikely. Any
potential upgrade would be predicated on our view that the company
and its financial sponsor owner would employ a more conservative
financial strategy. We could raise our ratings on Phoenix in the
next 12 months if it generated adjusted debt to EBITDA below 4x on
a sustained basis."


PIONEER ENERGY: BlackRock Has 13.6% Equity Stake
------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, BlackRock, Inc. reported that as of Dec. 31, 2017 it
beneficially owns 10,537,299 shares of common stock of Pioneer
Energy Services Corp., constituting 13.6 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/rUzUVw

                        About Pioneer

Based in San Antonio, Texas, Pioneer Energy Services --
http://www.pioneeres.com/--provides well, wireline, and coiled
tubing services to producers in the U.S. Gulf Coast, offshore Gulf
of Mexico, Mid-Continent and Rocky Mountain regions through its
Production Services Segment.  Pioneer also provides contract land
drilling services to oil and gas operators in Texas, the
Mid-Continent and Appalachian regions and internationally in
Colombia through its Drilling Services Segment.

Pioneer Energy incurred a net loss of $128.4 million in 2016, a net
loss of $155.1 million in 2015, and a net loss of $38.01 million in
2014.  As of Sept. 30, 2017, Pioneer Energy had $707.44 million in
total assets, $485.91 million in total liabilities and $221.52
million in total shareholders' equity.

                           *    *    *

In November 2017, Moody's upgraded Pioneer Energy Services'
Corporate Family Rating to 'Caa2' from 'Caa3'.  Pioneer' Caa2 CFR
reflects the company's elevated debt balance pro forma for the $175
million senior secured term loan issuance, Moody's said.


PONDEROSA ENERGY: Taps Diamond McCarthy as Legal Counsel
--------------------------------------------------------
Ponderosa Energy LLC and GS Energy, LLC, seek approval from the
U.S. Bankruptcy Court for the Southern District of New York to hire
Diamond McCarthy LLP as their legal counsel.

The firm will advise the Debtors regarding their duties under the
Bankruptcy Code; negotiate with creditors; represent the Debtors in
connection with obtaining authority to use cash collateral; assist
in the preparation of a bankruptcy plan; and provide other legal
services related to their Chapter 11 cases.

The firm's hourly rates range from $365 to $750 for partners and
counsel, $265 to $320 for associates, and $160 to $260 for
paralegals and support staff.

The attorneys and paraprofessional who will be providing the
primary legal services and their hourly rates are:

     Allan Diamond            $750
     Adam Rosen               $695
     Charles Rubio            $475
     Christopher Murray       $475
     Rebecca Muff             $340
     Paralegals           $160 - $260

Diamond McCarthy received a retainer in the sum of $35,000.

Charles Rubio, Esq., at Diamond McCarthy, 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:

     Allan B. Diamond, Esq.
     Adam L. Rosen, Esq.
     Diamond McCarthy LLP
     489 Fifth Avenue, 21st Floor
     New York, NY 10017
     Tel: (212) 430-5400
     Fax: (212) 430-5499
     E-mail: adiamond@diamondmccarthy.com
             arosen@diamondmccarthy.com

          - and -

     Christopher R. Murray, Esq.
     Charles M. Rubio, Esq.
     Diamond McCarthy LLP
     909 Fannin Street, 37th Floor
     Houston, TX 77010
     Tel: (713) 333-5100
     Fax: (713) 333-5199
     E-mail: cmurray@diamondmccarthy.com
             crubio@diamondmccarthy.com

                     About Ponderosa Energy
                         and GS Energy

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

Ponderosa Energy and GS Energy sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 17-13484) on
Dec. 5, 2017.  Richard Sands, manager, signed the petition.  At the
time of the filing, the Debtors each estimated assets and
liabilities of $1 million to $10 million.  Judge Sean H. Lane
presides over the case.  Diamond McCarthy LLP is the Debtors'
bankruptcy counsel.


PROVEN PEST: To Surrender 2015 Chevrolet Silverado to AFLT
----------------------------------------------------------
Proven Pest Solutions, Inc., filed with the U.S. Bankruptcy Court
for the Northern District of Georgia a third amended disclosure
statement explaining its proposed plan of reorganization dated Jan.
19, 2018.

This latest filing amends the treatment of Ally Financial Lease
Trust's Class 2C and 2D claims.

Class 2C, Ally Financial Lease Trust-2015 Chevrolet Silverado,
Vehicle Identification Number 1GCRCPEH1 FZ399625, is impaired under
the plan. The Debtor will now surrender the 2015 Chevrolet
Silverado to Ally Financial.

Class 2D, Ally Financial Lease Trust-2015 Chevrolet Silverado,
Vehicle Identification Number 1GCRCPEH8 FZ316448, is impaired under
the plan. The Debtor will surrender the 2015 Chevrolet Silverado to
Ally Financial.

Payments and distributions under the Plan will be funded by
Debtor's income from its operations. The new plan also asserts that
Brandon Caldwell is the only officer, manager or owner of the
Debtor, and currently will receive $2,000 in monthly salary.

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

     http://bankrupt.com/misc/ganb17-10564-108.pdf

                 About Proven Pest Solutions Inc.

Proven Pest Solutions, Inc., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Ga. Case No. 17-54503) on March 8,
2017.  The petition was signed by Brandon Caldwell, president.

The case was initially assigned to Judge Paul W. Bonapfel.  On
March 13, 2017, Judge Bonapfel ordered the transfer of the case to
Judge W. Homer Drake in the Newnan Division.  The case was assigned
a new case number: 17-10564.

At the time of the filing, the Debtor estimated assets of less than
$50,000 and liabilities of less than $500,000.

Beth E. Rogers, Esq., and James F. Carroll, Esq., who have an
office in Atlanta, Georgia, serve as the Debtor's bankruptcy
counsel.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Proven Pest Solutions, Inc., as
of May 2, according to a court docket.


RENAISSANCE PARTNERS: Taps Weinstein & St. Germain as Counsel
-------------------------------------------------------------
Renaissance Partners, LLC, seeks approval from the U.S. Bankruptcy
Court for the Western District of Louisiana to hire Weinstein & St.
Germain, LLC, 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 will be paid for its services on an hourly basis and will
be reimbursed for work-related expenses.

Thomas St. Germain, Esq., at Weinstein & St. Germain, disclosed in
a court filing that his firm does not represent any interest
adverse to the Debtor.

The firm can be reached through:

     Thomas E. St. Germain, Esq.
     Weinstein & St. Germain, LLC
     1414 NE Evangeline Thruway
     Lafayette, LA 70501
     Tel: (337) 235-4001
     Fax: (337) 235-4020
     E-mail: ecf@weinlaw.com

                  About Renaissance Partners

Based in New Iberia, Louisiana, Renaissance Partners, LLC is a
privately-held company that owns a real property located at 1278
School Street, 1230 Main Street, Hackberry, Louisiana, valued by
the company at $1.65 million.

Renaissance Partners sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. La. Case No. 18-50024) on Jan. 9,
2018.  David Groner, member, signed the petition.  

At the time of the filing, the Debtor disclosed $1.92 million in
assets and $2.22 million in liabilities.  

Judge Robert Summerhays presides over the case.


SAN MIGUEL LABEL: Approval Hearing on Disclosures Set for March 7
-----------------------------------------------------------------
Judge Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Puerto Rico will convene a hearing on March 7, 2018 at
9:00 a.m. to consider and rule upon the adequacy of the disclosure
statement filed by San Miguel Label Mfg. Inc.

Objections to the form and content of the disclosure statement must
be in writing and filed and served not less than 14 days prior to
the hearing. Objections not timely filed and served will be deemed
waived.

Based in Ciales, Puerto Rico, San Miguel Label Mfg. Inc. filed for
Chapter 11 protection (Bankr. D.P.R. Case No. 16-00820) on Feb. 4,
2016, with estimated assets of $100,000 to $500,000 and estimated
liabilities at $1 million to $10 million. The petition was signed
by Moises San Miguel Lorenzana, president.

The Debtor is represented by Nilda M. Gonzalez Cordero, Esq. of
Gonzalez Cordero Law Offices.


SBRS INC: Taps South State Real Estate as Broker
------------------------------------------------
S.B.R.S., Inc., seeks approval from the U.S. Bankruptcy Court for
the Central District of California to employ a real estate broker.

The Debtor proposes to hire South State Real Estate Management Inc.
and Kenneth Jacobi, a real estate broker employed with the firm, in
connection with the sale of its real property located at 3442
Malaga Court, Calabasas, California.

South State will be paid 6% of the sales price for its services.

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

The firm can be reached through:

     Kenneth Jay Jacobi
     South State Real Estate Management Inc.
     1201 N. Pacific Avenue, Suite 202
     Glendale, CA 91202
     Direct: 310-598-6063
     Fax: 310-464-8922

                       About S.B.R.S. Inc.

Calabasas, California-based S.B.R.S. is in the real estate
business.  A foreclosure sale was scheduled on for the company's
property located at 3442 Malaga Court, Calabasas, CA 91302.  

The company previously filed Chapter 11 cases (Bankr. C.D. Cal.
Case No. 15-10657) on Feb. 10, 2015, listing $1.81 million in total
assets and $1.83 million in total liabilities and on Feb. 14, 2012
(Bankr. C.D. Cal. Case No. 12-11389).

S.B.R.S., Inc. again sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 17-13063) on Nov. 16,
2017.  The petition was signed by Farokh Erami, president.  At the
time of the filing, the Debtor estimated assets and liabilities of
$1 million to $10 million.  

Judge Maureen Tighe presides over the case.  

Michael Jay Berger, Esq., at the Law Offices of Michael Jay Berger,
serves as the Debtor's legal counsel.


SHIRAZ HOLDINGS: Proposes Auction Sale of Hurricane Property
------------------------------------------------------------
Shiraz Holdings, LLC, asks the U.S. Bankruptcy Court for the
Southern District of Florida to authorize the bidding procedures in
connection with the auction sale of the real property located at
1130 Hurricane Shoals Road, Lawrenceville, Georgia.

The Debtor presently believes that in the absence of exit
financing, a sale of the Hurricane Property by auction sale is the
best means of achieving the greatest value for same.  Accordingly,
it retained Fadi Elkhatib as its real estate agent and Ten-X, LLC
as its auctioneer to sell and auction the Hurricane Property.

On Sept. 6, 2017, secured creditor CCOP, LLC filed its Motion for
Relief From Stay with respect to the Hurricane Property.  On Nov.
27, 2017, as a result of discussions between CCOP and Debtor, the
Court entered its Agreed Order on Motion for Stay Relief From Stay
or Adequate Protection.

Among other things, the Agreed Order: (i) requires the Debtor ask
to sell the Hurricane Property by auction by Feb. 28, 2018; and
(ii) holds that CCOP is entitled credit bid the entire amount of
its claim unless CCOP's claim is satisfied prior to the auction.
The Agreed Order further requires an all-cash closing within 30
days of the auction.

On Nov. 24, 2017, consistent with the Agreed Order, the Debtor
filed its Application to Employ Ten-X, LLC as Debtor's Auctioneer
and to Approve Payment Processes which the Court approved on Dec.
15, 2017.

The Debtor's Chapter 11 Plan of Reorganization for Shiraz Holdings,
LLC, and the Disclosure Statement in Connection with Chapter 11
Plan of Reorganization for Shiraz Holdings, LLC were filed on Dec.
23, 2017.  Consistent with the Agreed Order, the Plan and
Disclosure Statement contemplate the sale, refinancing, or other
liquidation of the Hurricane Property.

Pre-petition, Maria Ortiz, John Dickey and Paul Henry
("Claimants"), obtained a judgment against the Debtor.  During the
preference period, the Claimants filed the Judgment in the official
records in Georgia that would appear to create a lien in favor of
Claimants against the Hurricane Property.  Such Lien is
indisputably an avoidable preference.  In connection with the
bankruptcy case, it was agreed by the Debtor and the Claimants that
their Lien would be avoided.  Accordingly, on Oct. 31, 2018 the
Claimants filed their proof of claims as unsecured claims.
Specifically, because the Claimants consent to a sale free of the
Lien, the Hurricane Property may be sold free and clear of same.

Since retention, Ten-X has been actively engaged in the marketing
of the Hurricane Property.  Consistent with the Court's Agreed
Order, Ten-X has scheduled an auction sale of the Hurricane
Property to start on Feb. 26, 2018 and end Feb. 28, 2018.  The
Ten-X Auction will be a live bidding event through the Ten-X
platform, consistent with and pursuant to the Participation Terms.

The key Participation Terms are:

     a. All those interested in participating in the Ten-X Auction
must (i) create an account and register with Ten-X, and (ii) agree
to (a) the Participation Terms, (b) Ten-X’ Website Terms of Use
(available at https://www.ten-x.com/company/legal/terms/) and (c)
the Ten-X Privacy Statement (available at
https://www.ten-x.com/company/legal/privacy/).

     b. It is each participant's responsibility to conduct its own
due diligence relating to the Hurricane Property.

     c. All offers tendered during the Ten-X Auction are
irrevocable.

A copy of the Participation Terms and the form of APA attached to
the Motion is available for free at:

         http://bankrupt.com/misc/Shiraz_Holdings_148_Sales.pdf

Unless CCOP is the winning bidder through its credit bidding
rights, the Debtor and the winning bidder will execute the Purchase
and Sale Agreement with Joint Closing Instructions within the time
and in the manner set forth in the Participation Terms.

As per the Agreed Order, the Debtor and CCOP have agreed to the
Ten-X Auction described through the Sale Motion.  The Debtor
believes the Ten-X Auction is a sound exercise of business
judgment.

Finally, the Debtor asks the Court to waive the 14-day stay of an
order authorizing sale of property pursuant to Rule 6004(h).  It
asks waiver out of an abundance of caution, to ensure the Feb. 28,
2018 end date of the Ten-X Auction occurs without issue.

                     About Shiraz Holdings

Shiraz Holdings, LLC, based in Delray Beach, Fla., filed a Chapter
11 petition (Bankr. S.D. Fla. Case No. 17-17968) on June 26, 2017.
The petition was signed by Jordan A. Satary, managing member.  In
its petition, the Debtor estimated $10 million to $50 million in
both assets and liabilities.

The Hon. Paul G. Hyman, Jr. presides over the case.  

Thomas M. Messana, Esq., at Messana, P.A., serves as bankruptcy
counsel to the Debtor.

On Sept. 13, 2017, the Court appointed Fadi Elkhatib and Ten-X,
LLC, as real estate broker.

The Debtor filed its Chapter 11 Plan of Reorganization and
Disclosure Statement on Dec. 23, 2017.


SOURCINGPARTNER INC: Taps Harvey Law Firm as Legal Counsel
----------------------------------------------------------
Sourcingpartner, Inc., seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Texas to hire The Harvey Law
Firm, P.C., as its legal counsel.

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

Keith Harvey, Esq., the attorney who will be handling the case,
charges an hourly fee of $400 for his services.

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

The firm can be reached through:

     Keith Harvey, Esq.
     The Harvey Law Firm, P.C.
     6510 Abrams, Suite 280  
     Dallas, TX 75231
     Tel: 972.243.3960
     Fax: 972.241.3970

                   About Sourcingpartner Inc.

Sourcingpartner, Inc., based in McKinney, Texas, is in the
stationery and office supplies industry.  It is a small business
debtor as defined in 11 U.S.C. Section 101(51D).

Sourcingpartner sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Texas Case No. 17-42777) on Dec. 17,
2017.  Philip J. Leckinger, chief executive officer, signed the
petition.  

At the time of the filing, the Debtor estimated assets of less than
$500,000 and liabilities of $1 million to $10 million.  

Judge Brenda T. Rhoades presides over the case.

The Harvey Law Firm, P.C., is the Debtor's legal counsel.


SOUTHEAST POWERGEN: Moody's Lowers Rating on $503MM Loans to B1
---------------------------------------------------------------
Moody's Investors Service downgraded the rating assigned to
Southeast PowerGen LLC's (SEPG) $503 million senior secured credit
facilities to B1 from Ba3 The outlook is negative. The credit
facilities consist of a $433 million term loan due December 2021
and a $70 million senior secured revolving credit/letter of credit
facility due December 2019.

RATING RATIONALE

The downgrade to B1 reflects lower-than-anticipated financial
performance driven by weak merchant power pricing environment for
SEPG's two merchant assets, the most significant of which is
Effingham County Power Station (Effingham), a 510-megawatt natural
gas-fired combined-cycle plant. Effingham has generated an
operating loss since operating on a merchant basis in January 2016.
As such, SEPG has been unable to meet anticipated financial
metrics, including consolidated debt service coverage ratio (DSCR)
than exceeds 1.3x and the ratio of cash flow to debt of 5%. For the
trailing twelve months ended September 30, 2017, Moody's calculate
SEPG's consolidated DSCR at approximately 1.0x and its cash flow to
debt at 1.5%. SEPG's standalone DSCR was approximately 1.3 times
during the same timeframe.

The negative outlook reflects the likelihood of further weak
financial performance owing to continued poor prospects for
regional wholesale power fundamentals plus lower cash flow expected
from a scheduled reduction in contracted pricing at SEPG's
Mid-Georgia generating asset beginning mid-2018.

The failure to maintain consolidated key financial metrics at
levels that approximate current performance could trigger further
negative rating action over the next six months. Improved financial
performance, which would likely follow an increase in market
determined power prices, could cause us to revise SEPG's rating
outlook to stable.

SEPG is 75% owned by affiliates of The Carlyle Group and 25% by
affiliates of GE Capital.

The principal methodology used in these ratings was Power
Generation Projects published in May 2017.


SPARTAN BUSINESS: Seeks Authorization to Use Cash Collateral
------------------------------------------------------------
Spartan Business & Technology Services, Inc., seeks authorization
from the U.S. Bankruptcy Court for the Eastern District of Virginia
for its emergency use of cash collateral.

The Debtor believes that A/R Funding has security interest in its
accounts receivable.

Post-petition, the Debtor expects to reorganize its debts and
obligations and prepare a plan of reorganization for the benefit of
its secured and unsecured creditors. As such, a need exists on an
emergency basis for the Debtor to use cash collateral for the
continued operation of the business to pay staffing expenses,
operating expenses, maintenance expenses and administrative
expenses, and otherwise conduct the business affairs of the
Debtor.

The Debtor claims that it has no unencumbered source of funding to
operate the business, other than the cash currently in its
accounts. As a result of its financial condition at this time, the
Debtor has been unable to obtain alternative sources of cash or
credit, either in the form of unsecured credit allowable as an
administrative expense, unsecured credit or secured credit
allowable under the Bankruptcy Code.

Consequently, if the Debtor is unable to obtain authority to use
cash collateral, the Debtor contends that it would be unable to pay
its operating expenses and its operations would be jeopardized.
This, in turn, would severely impair the value of its assets and
likewise impair any opportunity to effectuate a plan of
reorganization.

Accordingly, the Debtor assures the Court that it will not pay any
pre-petition debts with the cash collateral permitted to be used
except upon orders of the Court. The Debtor also proposes to
account monthly for the collection and expenditure of the cash
collateral via the monthly operating report required pursuant to
the regulations of the office of the U.S. Trustee and other
applicable law.

The Debtor also proposes a cash collateral budget, projecting total
expenses of approximately $620,361, during the period of weeks
ending January 8, 2018 through April 2, 2018 in order to avoid
irreparable harm until further notice and any subsequent order of
the Court.

The Debtor agrees to retain in the debtor-in-possession account (to
be opened) sufficient monthly revenue to pay operating
requirements, including payroll taxes, state and federal, customary
vendor debt and utilities, part of which will be funded by the sale
of the accounts receivable. Any money not used from the cash
collateral will accumulate in a debtor-in-possession operational
account (to be opened) and be distributed as directed by a
confirmed plan of reorganization by non-appealable order or
otherwise as the Court may direct.

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

                 http://bankrupt.com/misc/vaeb18-10032-23.pdf

                About Spartan Business & Technology
                           Services Inc.

Spartan Business & Technology Services, Inc. is a privately-owned
company that provides business management and information
technology solutions to government, non-profit and service
organizations.  The company's capabilities include acquisition,
logistics and IT systems management; business process improvement
and business process reengineering; governance, compliance &
performance; healthcare documentation & training; information
assurance & access management; IT portfolio management; logistics
lifecycle cost studies and implementation; medical and laboratory
research; organizational development;
performance-and-evidence-based budgeting; professional and
management developmental training; professional healthcare
management and health information technology analysis; and program
and project management.  The company is headquartered in
Alexandria, Virginia.

Spartan Business & Technology Services sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va. Case No.
18-10032) on January 4, 2018.  Lorenzo Downing, its president and
secretary, signed the petition.

At the time of the filing, the Debtor disclosed $50,889 in assets
and $2.20 million in liabilities.

Judge Klinette H. Kindred presides over the case.


SPECTRUM HOLDINGS III: Moody's Assigns B3 CFR; Outlook Stable
-------------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating and
a B3-PD Probability of Default Rating to Spectrum Holdings III
Corp. (dba Spectrum Plastics Group, "Spectrum"). Moody's also
assigned a B2 rating to the company's proposed first lien credit
facilities and a Caa2 rating to the company's proposed $160 million
second lien term loan due 2026. Proceeds from the new term loans,
along with common equity from the private equity firm AEA
Investors, will be used to finance the acquisition of Spectrum by
AEA Investors in a leveraged buyout transaction. The rating outlook
is stable.

At the close of the transaction, Moody's will withdraw all ratings
for PKC Holding Corporation, which is where the current ratings for
the company reside.

The following rating actions were assigned:

Issuer: Spectrum Holdings III Corp.

Corporate Family Rating, B3

Probability of default rating, B3-PD

Proposed $45 million revolving credit facility due 2023, B2
(LGD3)

Proposed $430 million first lien senior secured term loan due
2025, B2 (LGD3)

Proposed $45 million delayed draw first lien senior secured term
loan due 2025, B2 (LGD3)

Proposed $160 million second lien term loan due 2026, Caa2 (LGD6)

Rating outlook: Stable

RATINGS RATIONALE

Spectrum's B3 Corporate Family Rating reflects its high financial
leverage (with pro forma Moody's adjusted debt-to-EBITDA of 7.0x
following the leveraged buyout transaction), small scale as
measured by revenue, risk that commodity-like products face greater
pricing pressure and/or competition going forward, and the
expectation for aggressive financial policies risk given private
equity ownership. The rating is supported by Spectrum's solid
growth prospects, good profit margins, and good customer, product
and end market diversification. The rating also benefits from the
company's historically high customer retention rates and moderate
capital expenditure requirements, which Moody's believes will
support stable cash flow generation going forward.

The stable outlook reflects Moody's expectation that the company's
earnings will grow in the mid-single digit over the next 12 to 18
months and will result in improved leverage ratio that is more
in-line with its rating level.

The ratings could be downgraded if Moody's expects that leverage
will be sustained above 6.5x or if the company experiences material
weakening of its liquidity profile, loss of a key customer or
margin deterioration. Large debt funded acquisitions or shareholder
distributions could also put downgrade pressure on its ratings.

The ratings could be upgraded if the company delivers sustained
revenue and earnings growth while prudently managing its
acquisition strategy. Increased mix shift towards more specialized,
high barrier to entry products and leverage sustained below 5.5x
could also support an upgrade.

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

Headquartered in Alpharetta, GA, Spectrum Plastics Group is a
manufacturer and provider of a wide variety of engineered specialty
plastics products used in medical, food, and industrial end
markets. FY 2017 revenue is approximately $379 million. Following
the LBO transaction, the company will be owned by private equity
firm AEA Investors.


STEMTECH INTERNATIONAL: Court Terminates Exclusive Periods
----------------------------------------------------------
Judge Raymond B. Ray of the U.S. Bankruptcy Court for the Southern
District of Florida denied Stemtech International, Inc.'s plan
exclusivity motion and terminated the exclusive periods within
which only Stemtech could file a chapter 11 plan and solicit
acceptances of such a plan, effective as of January 11, 2018.

As reported by the Troubled Company Reporter on December 4, 2017,
the Debtor asked the Court a 60-day extension of the exclusive
periods asserting that more time is needed within which to explore
alternatives, including, without limitation, the formulation and
filing of a plan of reorganization considering that it is a holding
company for several operating subsidiaries.

The Official Committee of Unsecured Creditors, however, objected to
the Debtor's request for an extension.

                    About Stemtech International

Stemtech International, Inc., is a holding company with assets
comprising intellectual property, a leasehold interest, and direct
and indirect equity interests in several subsidiaries operating
both domestically and internationally.  It filed a Chapter 11
bankruptcy petition (Bankr. S.D. Fla. Case No. 17-11380) on Feb. 2,
2017, estimating $1 million to $10 million in assets and
liabilities.  The petition was signed by Ray C. Carter, its chief
executive officer.

The Hon. Raymond B. Ray presides over the case.

The Debtor tapped Seese, P.A., as counsel; and GlassRatner Advisory
& Capital Group, LLC, as its financial advisor.

Guy Gebhardt, acting U.S. Trustee for Region 21, on Feb. 22, 2017,
appointed three creditors of Stemtech International, Inc., to serve
on the official committee of unsecured creditors. The committee
members are (1) Wilhelm Keller; (2) Greg Newman; and (3) Andrew P.
Leonard.  The Committee retained Paul Steven Singerman, Esq., at
Berger Singerman LLP as counsel.


SUNCOAST INTERNAL: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Suncoast Internal Medicine Consultants, PA
        13644 Walsingham Road
        Largo, FL 33774

Business Description: Suncoast Internal Medicine Consultants, PA
                      -- http://suncoastinternalmedicine.com--
                      provides medical care to Pinellas County and
                      the Greater Tampa Bay area.  Its staff is
                      composed of board-certified physicians
                      focusing in the specialties of internal
                      medicine, gastroenterology, and
                      rheumatology.  Suncoast Internal Medicine
                      was founded in 1965 by Dr. George Kotsch.
                      The company is headquartered in Largo,
                      Florida.

Chapter 11 Petition Date: January 19, 2018

Case No.: 18-00399

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

Judge: Hon. Catherine Peek McEwen

Debtor's Counsel: Michael C Markham, Esq.
                  JOHNSON, POPE, BOKOR, RUPPEL & BURNS LLP
                  Post Office Box 1100
                  Tampa, FL 33601-1100
                  Tel: 813-225-2500
                  Fax: 813-223-7118
                  E-mail: mikem@jpfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert L. DiGiovanni, DO, president.

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

   http://bankrupt.com/misc/flmb18-00399.pdf


SUSANNA ANKRAH: Moshe Zedek Buying East Orange Property for $210K
-----------------------------------------------------------------
Susanna Ankrah asks the U.S. Bankruptcy Court for the District of
New Jersey to authorize the sale of her interest in the real
property located at 328-328 Amherst Street, East Orange, New
Jersey, a four-unit building occupied by residential tenants, to
Moshe Zedek, LLC for $210,000 cash.

A hearing on the Motion is set for Feb. 13, 2018 at 11:00 a.m.
Objections, if any, must be filed not later than seven days prior
to the hearing date.

The counsel for the Debtor certifies that the Debtor commenced the
case because a Sheriffs sale had been scheduled to occur on Sept.
12, 2017 with respect to the Amherst Street Property.  The Debtor's
son, William Annor, is a co-owner of the Amherst Street Property.

The Debtor is the sole owner of three other properties, two of
those being 4-unit rental properties in Irvington and East Orange,
New Jersey, and the third being the Debtor's principal residence in
Summit, New Jersey.  Although she initially intended to restructure
the mortgage indebtedness, held by various lenders, that encumbers
all of these properties, the Debtor subsequently decided to sell
the Amherst Street Property.

On Jan. 12, 2018, the Debtor and Moshe Sedek, for the Buyer, signed
a binding Letter of Intent, setting forth the terms of the Debtor's
proposed sale to the Buyer of the Amherst Street Property for
$210,000 cash (no mortgage loan financing) paid at closing, subject
to approval by the Court free and clear of liens and interests.

The counsel for the Debtor prepared a proposed contract for the
sale of the Amherst Street Property, incorporating the terms of the
LOI.  He also emailed that proposed contract to the attorneys for
the Buyer.  He is also preparing the application papers that are
necessary for the appointment of David Meisels and The Meisels
Group ("Broker") as the Debtor's real estate broker with respect to
the sale of the Amherst Street Property to the Buyer under the
terms of the LOI.  The LOI notes that the commission proposed to be
paid to the Broker at the closing of the sale to Buyer of the
Amherst Street Property is 5% of the $210,000 sale price, or
$10,500.

The Broker prepared the LOI, and the Debtor and the Buyer have
signed the LOI, memorializing their understanding that the sale of
the Amherst Street Property under the terms as set forth therein is
fair and reasonable. Importantly, the proposed sale of the Amherst
Street Property to the Buyer under the terms of the LOI would pay
and satisfy in full all amounts due to Emigrant Mortgage Co., Inc.,
the holder of the first and only mortgage that encumbers the
Property.  Under a Proof of Claim that was filed on Jan. 5, 2018
(Claim No. 7), Emigrant asserts that the balance due under the
mortgage that encumbers the Amherst Street Property is $160,545.

In addition to the payment to the Broker that is set forth in the
LOI, the Debtor also proposes to pay for her counsel's services in
connection with the representation of the Debtor with respect to
the sale of the Amherst Street Property and with respect to the
Motion and the to be submitted papers to appoint the Broker as the
realtor with respect to this proposed transaction, at closing.  For
those services, the counsel for the Debtor has agreed to a fixed
fee of $3,500, plus reimbursement of the $181 fee for the filing of
the Motion.  The Debtor also proposes that her counsel holds in
trust the remaining proceeds of the sale of the Amherst Street
Property, pending further Order of the Court.

The Debtor asks the Court to waive the 14-day stay of the
effectiveness of the Order that approves the sale of the Amherst
Street Property under the terms of the LOI, under Federal Rule of
Bankruptcy Procedure 6004(h), to effectuate the closing of the sale
and because all interested parties with respect to the proposed
sale are receiving notice of the Debtor's motion.

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

    http://bankrupt.com/misc/Susanna_Ankrah_39_Sales.pdf

The Purchaser:

          MOSHE ZEDEK, LLC
          131 Main St., Second Floor
          Hackensack, NJ 07601
          Telephone: (201) 488-9200 Ext. 18
          Facsimile: (201) 488-9203

Counsel for Debtor:

          Scott C. Pyfer, Esq.
          PYFER LAW GROUP, LLC
          20 Commerce Drive, Suite 135
          Cranford, NJ 07016
          Telephone: (908) 543-4025
          Facsimile: (908) 264-0721
          E-mail: scott@pyferlawgroup.com

Susanna Ankrah sought Chapter 11 protection (Bankr. D.N.J. Case No.
17-28351) on Sept. 8, 2017.  She filed Pro Se.  On Nov. 1, 2017,
Scott C. Pyfer, Esq., at Pyfer Law Group, LLC, was appointed as
counsel.


T-MOBILE USA: Moody's Rates Proposed Unsecured 2026/2028 Notes Ba2
------------------------------------------------------------------
Moody's Investors Service assigned Ba2 ratings to T-Mobile USA,
Inc.'s proposed offerings of its senior unsecured notes due 2026
and senior unsecured notes due 2028. T-Mobile expects to use the
net proceeds from the offering to redeem up to $1.75 billion of its
6.625% senior unsecured notes due 2023 and up to $600 million of
its 6.836% senior notes due 2023, with the balance to be used for
general corporate purposes, including partial paydown of borrowings
under its revolving credit facilities. In conjunction with this
offering, Deutsche Telekom AG ("DT") may purchase up to $2.5
billion of new notes to refinance its existing $1.25 billion of
8.097% notes due 2021 and $1.25 billion of 8.195% notes due 2022
when they become callable. The new DT notes will have substantively
the same terms and conditions as the public notes but will be
unrated by Moody's. The outlook is stable.

Moody's has taken action on the following rating actions:

Assignments:

Issuer: T-Mobile USA, Inc.

-- Backed Senior Unsecured Regular Bond/Debenture, Assigned Ba2
(LGD4)

RATINGS RATIONALE

T-Mobile's Ba2 corporate family rating reflects Moody's expectation
for sustained market share gains as innovative offerings, improving
network performance and good customer service attract new
customers. The rating is further supported by improving scale,
healthy free cash flow generation, a strong liquidity position and
valuable spectrum assets that also provide credit support. These
strengths are offset by the company's distant third position in the
highly competitive U.S. wireless industry, the high capital
intensity associated with rapidly rising bandwidth demand, weak
(relative to its larger peers) margins and a moderately leveraged
balance sheet. The rating does not receive any lift as a result of
Deutsche Telekom AG's (DT, rated Baa1) ownership stake.

The stable outlook reflects T-Mobile's market share gains and
meaningful margin expansion, which will continue to benefit cash
flows.

T-Mobile's rating could be upgraded if leverage is on track to fall
below 4.0x and free cash flow were to improve to the high single
digits percentage of total debt (all cited financial metrics are
referenced on a Moody's adjusted basis). Downward rating pressure
could develop if T-Mobile's leverage is sustained above 4.5x and
free cash flow deteriorates. This could occur if EBITDA margins
come under sustained pressure or if future debt-funded spectrum
purchases significantly exceed Moody's expectations. In addition, a
deterioration in liquidity could pressure the rating downward.

The principal methodology used in these ratings was
Telecommunications Service Providers published in January 2017.


T-MOBILE USA: S&P Rates $2.5BB Senior Unsecured Notes Rated 'BB+'
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating and '3'
recovery rating to Bellevue, Wash.-based wireless service provider
T-Mobile US Inc.'s proposed $2.5 billion in aggregate unsecured
notes due 2026 and 2028 (allocations to be determined). The '3'
recovery rating indicates S&P's expectation for meaningful
(50%-70%; rounded estimate: 65%) recovery in the event of payment
default. At the same time, the company plans to issue $2.5 billion
of notes due 2026 and 2028 to parent company Deutsche Telekom AG
(DT) on an intercompany basis. The notes will be issued out of
wholly-owned subsidiary T-Mobile USA Inc.

Net proceeds from the new public notes are intended to be used to
refinance upcoming maturities while proceeds from the notes issued
to DT will be used to refinance existing DT notes that will become
callable. As a result, the 'BB+' corporate credit rating and stable
outlook are unchanged. S&P expects that net adjusted debt to EBITDA
will be in the low-3x area and that free operating cash flow to
debt will be above 10% over the next couple of years.

S&P said, "Furthermore, we believe that T-Mobile will maintain a
moderate financial policy over at least the next 12 months,
although we recognize the potential for longer-term strategic
events that could affect credit risk. While we believe the
company's free cash flow generation will benefit from tax reform,
our base-case forecast assumes ongoing share repurchases and
spectrum license acquisitions that support T-Mobile's  stated
leverage target of 3x to 4x longer term."

  RATINGS LIST

  T-Mobile US Inc.
   Corporate Credit Rating             BB+/Stable/--

  New Rating

  T-Mobile USA Inc.
   $2.5 bil. Senior unsecured  
    Notes due 2026                     BB+
    Recovery Rating                    3 (65%)
   Notes due 2028                      BB+
    Recovery Rating                    3 (65%)


TACALA INVESTMENTS: Moody's Rates New $365MM 1st Lien Loans 'B2'
----------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Tacala
Investments Corp.'s proposed $335 million 1st lien senior secured
term loan and $30 million 1st lien senior secured revolver and a
Caa2 rating to its $115 million 2nd lien senior secured term loan.
In addition, Moody's assigned Tacala a B3 Corporate Family Rating
(CFR) and B3-PD Probability of Default Rating (PDR). The outlook is
stable.

Proceeds from the proposed $335 million 1st lien term loan and $115
million 2nd lien term loan will be used to fund a $110 million cash
dividend to shareholders, repay approximately $326 million of
outstanding debt, and pay $14 million in fees and expenses. Ratings
are subject to the execution of the proposed transaction and
Moody's receipt and review of final documentation.

"The B3 CFR reflects Tacala's high leverage as a result of the
proposed financing, its modest scale, capex requirements and
aggressive financial policy," stated Bill Fahy, Moody's Senior
Credit Officer. Pro forma leverage will increase to over 7.0 times
for the twelve month period ending December 31, 2017. "However, the
ratings also recognize the strength of the Taco Bell brand,
Tacala's good liquidity and Moody's expectation that leverage will
gradually improve," stated Mr. Fahy.

Assignments:

Issuer: Tacala Investments Corp.

-- Probability of Default Rating, Assigned B3-PD

-- Corporate Family Rating, Assigned B3

-- Senior Secured 1st Lien Revolving Credit Facilty, Assigned B2
    (LGD3)

-- Senior Secured 1st Lien Term Loan, Assigned B2 (LGD3)

-- Senior Secured Second Lien Term Loan, Assigned Caa2 (LGD5)

Outlook Actions:

Issuer: Tacala Investments Corp.

-- Outlook, Assigned Stable

RATINGS RATIONALE

The B3 CFR reflects Tacala's high leverage, particularly given its
modest scale in regards to revenues and number of restaurants,
geographic concentration in Texas and Southeast US, material capex
requirements and aggressive financial policy. The ratings are
supported by Taco Bell's high level of brand awareness, Tacala's
good liquidity and an expectation that management focuses on debt
reduction over and above required amortization.

The stable outlook reflects Moody's view that debt protection
metrics will gradually improve as restaurants are reimaged, new
locations are added and management focuses on debt reduction over
and above required amortization. The outlook also anticipates that
Tacala will maintain good liquidity.

Factors that could result in an upgrade include stronger credit
metrics, the evidence of measured progress towards an increase in
scale and geographic diversity and a balanced financial policy.
Specifically, a higher rating would require debt to EBITDA
migrating to under 5.5 times and EBIT coverage of gross interest of
around 1.75 times on a sustained basis. An upgrade would also
require good liquidity.

A downgrade could occur if debt protection metrics don't improve
from current levels over the next twelve to eighteen months.
Specifically, a downgrade could occur if debt to EBITDA failed to
migrate towards 6.5 times. A deterioration in liquidity could also
result in a downgrade.

Tacala's liquidity is viewed as good. Moody's believe Tacala's
internal cash generation and existing cash balances will be
sufficient to fund the company's internal cash needs over the
following twelve months including interest expense and capex
requirements that include remodeling and new restaurants. While the
company will opportunistically seek acquisitions, Moody's expects
that internal cash flow, balance sheet cash and revolver
availability will remain sufficient to fund internal requirements
over the SGL timeframe. The company's $30 million first lien senior
secured revolving credit facility contains one financial
maintenance covenants in the form of maximum first lien
lease-adjusted leverage under which Moody's expect sufficient
cushion over the next twelve months.

The B2 rating on the 1st lien bank facilities reflect the support
from the material amount of liabilities that are junior to these
facilities, including the proposed $115 million of 2nd lien senior
secured term loan and other liabilities that are junior to the 1st
lien facility. The Caa2 rating on the 2nd lien senior secured term
loan reflect its junior position to the significant amount of
secured 1st lien bank debt.

The principal methodology used in these ratings was Restaurant
Industry published in September 2015.

Tacala, with headquarters in Vestavia Hills, Alabama, owns and
operates 288 Taco Bell franchised restaurants in Texas and the
Southeastern US. Annual revenues are approximately $400 million.
Tacala is owned by Altamont Capital Partners.


TAYLOR MORRISON: S&P Raises CCR to 'BB', Outlook Stable
-------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on Taylor
Morrison Home Corp. to 'BB' from 'BB-'. The outlook is stable.

S&P said, "In addition, we raised the issue-level rating on TMHC's
senior unsecured debt to 'BB' from 'BB-', in line with the
corporate credit rating. The '3' recovery rating on the notes
indicates our expectation for meaningful (50%-70%; rounded
estimate: 65%) recovery to noteholders in the event of a default.

"The upgrade of TMHC to 'BB' reflects the sale of the controlling
interests of its financial sponsors. Private equity sponsors
Oaktree Capital Management, L.P. and TPG Global LLC have sold down
all common shares and will relinquish their board seats; therefore,
we no longer consider the company as sponsor-owned. The divestiture
has lead to a more favorable view of the company's financial
policy. In addition, we view a material leveraging event as
unlikely and believe that the company would not increase leverage
above 4x EBITDA without a clear, achievable path back to 3x-4x. We
expect that the company will maintain its current leverage at
between 2x and 3x EBITDA and debt to capital of 30%-40% in 2018.

"The stable outlook reflects our expectation for TMHC to continue
to capitalize on the U.S. housing recovery and favorable demand
environment to spur growth in new home sales and strengthen its
market share, while maintaining strong leverage measures in the
area of 2x-3x debt to EBTIDA and 30%-40% debt to capital.

"Despite our view of improving credit measures over the next year,
we view an upgrade as unlikely due to the fact that the company's
higher-rated 'BB+' homebuilding peers (such as Lennar Corp.,
PulteGroup Inc., and Toll Brothers Inc.) exhibit greater size,
scale, and geographic diversity. However if leverage improves
faster than our forecast predicts to below 2x debt to EBITDA over
the next 12 months, the stronger leverage profile would help to
mitigate difference in size and market share such that we may
consider a one notch upgrade.

"With strong leverage measures for the current rating providing
some cushion, we view a downgrade over the next 12 months as less
likely. However, we may consider a downgrade if the company pursues
more aggressive growth plans or returns to shareholders, pushing
leverage over 4x EBITDA or debt to capital to 45% on a sustained
basis."


TC3 FOUNDATION: S&P Cuts Rating on 2013A-B Revenue Bonds to 'BB'
----------------------------------------------------------------
S&P Global Ratings lowered its long-term rating on TC3 Foundation
Inc., N.Y.'s series 2013A tax-exempt revenue bonds to 'BB' from
'BB+'. The outlook is negative.

The foundation is a 501(c)(3) organization affiliated with Tompkins
Cortland Community College (TC3; not rated).

"The downgrade reflects our view of the TC3 Foundation's weak debt
service coverage in fiscal 2016, and further deterioration of debt
service coverage in fiscal 2017 to levels that resulted in a
covenant violation," said S&P Global Ratings credit analyst
Charlene Butterfield. Management expects that coverage will remain
below the required covenant for fiscal 2018 as well. Specifically,
debt service coverage for fiscal 2017 was 1.02x, compared with
1.20x in fiscal 2016, when it was in line with the covenant.
Occupancy for the foundation's housing complexes has declined in
fall 2017 to 74% from an already low 81% for fall 2016, both
percentages below the original level required to achieve break-even
results and stronger DSC.

The negative outlook reflects S&P's view of the uncertainty
regarding the foundation's debt service coverage in fiscal 2018 and
beyond. As stipulated in the bond documents, management has engaged
a consultant and will complete a financial plan to lead to
financial improvement sufficient to produce debt service coverage
that meets or exceeds the 1.2x covenant.


TOPS HOLDING: S&P Cuts CCR to 'CCC' on Continued Weak Performance
-----------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Tops
Holding LLC to 'CCC' from 'CCC+'. The outlook is negative.

S&P said, "At the same time, we lowered the issue-level rating on
the company's senior secured notes to 'CCC' from 'CCC+'. The '3'
recovery rating is unchanged, indicating our expectation for
meaningful (50% to 70%; rounded estimate: 60%) recovery in the
event of default. Additionally, we lowered the issue-level ratings
on the company's senior unsecured notes and Tops Holding II Corp.'s
unsecured notes to 'CC' from 'CCC-'. The recovery rating on each
issue remains '6', reflecting our expectation for negligible (0% to
10%; rounded estimate: 0%) recovery in the event of default.

"The downgrade reflects our view that challenging conditions in the
U.S. food retail industry will continue to weigh on Tops' operating
performance, pressuring the company's already thin credit
protection metrics and increasing the potential for a debt
restructuring. A fervent battle for market share has resulted in
intense price competition and heightened promotional activity,
while shifting channel preferences and rising labor costs have
pushed up operating expenses. In our view, the company's weak
financial position will continue to constrain its ability to
compete effectively against its larger, well-capitalized peers. If
Tops cannot materially strengthen its operating performance, we
believe it is increasingly likely the company could pursue a
below-par debt exchange.

"The negative outlook reflects our expectation that soft operating
results will continue into 2018 and liquidity will remain less than
adequate, elevating the risk of a potential debt restructuring.

"We could lower the rating if performance deteriorates to levels
where we believe a default or distressed exchange is inevitable.

"Although unlikely over the next few quarters, we could consider
raising the rating if performance improves meaningfully on a
sustained basis and liquidity returns to adequate levels, including
reduced revolver borrowings and higher free operating cash flow
generation."


WASTE PRO: Moody's Assigns 'B2' CFR & Rates New Sr. Notes 'B3'
--------------------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating
(CFR) and B2-PD Probability of Default Rating to Waste Pro USA,
Inc. At the same time, Moody's assigned a B3 rating to Waste Pro's
proposed senior unsecured notes. The rating outlook is stable.

The rating assignments follow Waste Pro's plan to raise $450
million of senior unsecured notes with proceeds used to refinance
existing debt. Concurrent with the notes issuance, the company
intends to amend and extend its existing asset-based lending (ABL)
facility. The refinancing will extend the debt maturity profile and
reduce cash interest expense.

Moody's took the following rating actions on Waste Pro USA, Inc.:

- Corporate Family Rating assigned at B2

- Probability of Default Rating assigned at B2-PD

- Senior unsecured notes due 2026 assigned at B3 (LGD4)

- Rating outlook stable

RATINGS RATIONALE

The B2 CFR reflects Waste Pro's modest scale ($600 million in
revenues), a regional focus with particular reliance on the state
of Florida, considerably lower margins relative to vertically
integrated industry peers due to minimal exposure (only 2% of
revenues) to higher-margin landfill revenues, elevated leverage and
lack of a track record generating positive free cash flow. Waste
Pro benefits from a stable and growing revenue stream (9% CAGR
since 2013) as well as a consistent EBITDA margin (19% range)
highlighted by an almost exclusive focus on waste collection
operations. The company maintains a strong presence in the
Southeastern US, which continues to be one of the fastest growing
regions based on population, jobs and construction/housing
activity. Free cash flow (cash flow from operations less capital
expenditures less dividends) has been negative because of a high
interest burden, lower margin, the capital intensity of the
operating model and an emphasis on investing for growth. The
reduction in cash interest with this proposed refinancing will
improve free cash flow. Moody's expects Waste Pro will continue to
expand into new markets, but there is potential to generate free
cash flow of at least $20 million per year by curtailing such
discretionary spending.

The rating is further supported by favorable operating conditions
in the North American solid waste sector with industry-wide pricing
discipline, a rising consumer price index benefiting contracts
linked to an inflation index and steady growth in waste volumes
boosted by increasing construction activity (residential and
commercial). The company's comfort with steadily rising debt to
support growth initiatives in recent years is aggressive. Moody's
nevertheless expects debt-to-EBITDA (5.3x at December 31, 2017 pro
forma for this transaction) to decline to the mid-4x range by the
end of 2019 through EBITDA growth while free cash flow that is
breakeven or moderately positive will limit upward rating pressure
except to fund tuck-in acquisitions. Moody's also expects financial
policies to be oriented toward growth under the CEO ownership with
limited pressure for shareholder distributions.

Waste Pro's liquidity is adequate despite a historically minimal
cash position and lack of a track record generating positive free
cash flow However, scaling back growth capital investments closer
to a maintenance spending level would allow for free cash
generation in excess of $20 million per year. An amended and
extended $215 million ABL facility will expire in 2023 and is
expected to have modest availability at transaction close. The ABL
facility is subject to leverage and first-lien leverage maintenance
covenants as well as the requirement to maintain at all times a
specified excess availability level. There are no near-term debt
maturities with the nearest scheduled maturity the ABL facility in
2023.

The stable rating outlook reflects Moody's expectation for 3%+
organic revenue growth through 2019 driven by pricing escalators in
existing contracts and the anticipation of new contract wins
gaining momentum beginning in 2019 as the company continues to
identify markets/customers that are willing to pay for bespoke
premium collection service. The expectation for the Southeastern US
to continue generating population and economic growth greater than
much of the US also provides stability to the rating.

An acceleration of profitable revenue growth leading to
debt-to-EBITDA approaching 4x, EBIT-to-interest in the 2x range and
free cash flow-to-debt strengthening to the mid-single digit range
on a sustained basis could lead to higher ratings. A reduction in
geographic concentration, namely meaningful and prudent expansion
outside of the state of Florida, would also be important when
considering positive rating action. The ratings would face downward
pressure if Waste Pro experienced considerably weaker top-line
growth or a deterioration in margins, potentially from having to
pay higher landfill tipping fees. An inability to sustain positive
free cash flow, debt-to-EBITDA in excess of 5.25x or
EBIT-to-interest below 1x could result in negative rating action.
Erosion in the liquidity position could also adversely affect the
ratings.

The principal methodology used in these ratings was Environmental
Services and Waste Management Companies published in June 2014.

Waste Pro USA, Inc. is a Southeast US regionally-concentrated
non-hazardous solid waste management company focused largely on
waste collection operations but also provides transfer, disposal
and recycling services. The company is owned by its founder and
current CEO. Waste Pro reported revenues over $600 million for the
latest twelve months ended September 30, 2017.


WASTE PRO: S&P Assigns 'B+' Corp. Credit Rating, Outlook Stable
---------------------------------------------------------------
S&P Global Ratings assigned its 'B+' corporate credit rating to
U.S.-based Waste Pro USA Inc. The outlook is stable.

S&P said, "At the same time, we assigned our 'B+' issue-level
rating and '4' recovery rating to the company's proposed $450
million senior unsecured notes due 2026. The '4' recovery rating
indicates our expectation for meaningful (30%-50%; rounded
estimate: 40%) recovery for lenders in the event of a payment
default.

"The company has also proposed a $215 million asset-based lending
(ABL) revolving facility due 2023 and industrial revenue bonds due
2029 and 2036, which we are not rating.

"Our 'B+' corporate credit rating on Waste Pro reflects the
company's aggressively leveraged capital structure following the
proposed transaction. We estimate that Waste Pro's
trailing-12-month adjusted debt-to-EBITDA was about 6x as of Sept.
30, 2017, though we expect that its debt leverage eased to less
than 5x as of the end of 2018 as it realized contributions from the
acquisitions it completed in late 2017. These factors are partially
offset by our belief that the demand for the company's services is
relatively stable and recession-resistant.

"The stable outlook on Waste Pro USA Inc. reflects our belief that
the company's collection mix, cost-control efforts, and the
contributions from its acquired businesses will allow it to
maintain its solid operating performance and consistently strong
profits. Following the transaction, we expect Waste Pro's adjusted
debt-to-EBITDA to ease slightly to the 4x-5x area and remain there
during 2018.

"Although unlikely over the next 12 months, we could lower our
ratings on Waste Pro if we expect its debt-to-EBITDA to increase to
6.5x and remain there for an extended period with limited prospects
for improvement. Given the recession-resistant nature of Waste
Pro's business, we see financial policy-related actions--such as
debt-financed acquisitions or shareholder returns -- as being the
more likely catalyst for this scenario rather than operational
underperformance. We could also lower our ratings on the company if
the level of EBITDA headroom under either of its ABL's leverage
ratio covenants declines below 15%.

"We view Waste Pro's financial policy as the key consideration for
a higher rating. We could raise our ratings on the company if it
establishes a track record of operating with appropriate credit
measures for a higher rating and commits to maintain the
commensurate financial policies to sustain these metrics. If that
scenario occurs, we could revise our assessment of its financial
policy to neutral from negative and raise our ratings. A solid
operating performance -- by itself -- would be insufficient to
realize such a scenario during the next year."


WAYNE BAILEY: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Wayne Bailey, Inc.
           fdba W. E. Bailey and Son, Inc.
        P.O. Box 467
        Chadbourn, NC 28431

Type of Business: Wayne Bailey, Inc., grows, packs, and ships
                  sweet potatoes for foodservice, retail, fresh
                  cut, processing, and international markets
                  worldwide.  It also offers processed sweet
                  potatoes, including shreds, sticks, diced,
                  sliced (with or without skin), slabs (with or
                  without skin), crinkle-cut slabs (with or
                  without skin), and whole peeled and puree
                  (chilled or frozen) sweet potatoes.  The company
                  was founded in 1935 and is headquartered in
                  Chadbourn, North Carolina.  It has facilities in
                  North Carolina, Mississippi, Louisiana, and
                  Texas.

Chapter 11 Petition Date: January 21, 2018

Court: United States Bankruptcy Court
       Eastern District of North Carolina
       (Wilmington Division)

Case No.: 18-00284

Judge: Hon. Stephani W. Humrickhouse

Debtor's Counsel: Laurie B. Biggs, Esq.
                  STUBBS & PERDUE, PA
                  9208 Falls of Neuse Road, Suite 201
                  Raleigh, NC 27615
                  Tel: 919 870-6258
                  Fax: 919 870-6259
                  Email: efile@stubbsperdue.com

                    - and -

                  Trawick H Stubbs, Jr., Esq.
                  STUBBS & PERDUE, P.A.
                  P. O. Drawer 1654
                  New Bern, NC 28563
                  Tel: 252 633-2700
                  Fax: 252 633-9600
                  Email: efile@stubbsperdue.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by George G. Wooten, president.

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

          http://bankrupt.com/misc/nceb18-00284.pdf

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
Tull Hill Farms, Inc.                                   $2,414,506
Attn: Manager or Agent
2264 Hugo Road
Kinston, NC 28501

SP Funding, LLC                                         $1,052,930
Attn: Manager or Agent
100 Elks Club Road
Brevard, NC 28712

Millstream Farms                                          $991,084
Attn: Manager or Agent
1131 Timothy Road
Dunn, NC 28334

Tull Hill Farms, Inc.                                     $586,526
Attn: Manager or Agent
2264 Hugo Road
Kinston, NC 28501

Carmichael Farms                                          $493,181
Attn: Manager or Agent
P.O. Box 1547
Laurinburg, NC 28353

Earl Sullivan                                             $411,888
8444 St. Mary's
Church Road
Lucama, NC 27851

Jerome Langdon Produce                                    $349,849
Attn: Manager or Agent
5855 Old Fairground Road
Benson, NC 27504

International Paper                                       $311,492
Attn: Manager or Agent
P.O. Box 841723
Dallas, TX 75284

Southern Produce                                          $303,122
Dist. Inc.
Attn: Manager or Agent
P.O. Box 130
Faison, NC 28341

Harvey Farms                                              $272,826
Attn: Manager or Agent
P.O. Box 189
Kinston, NC 28502

ST Freight LLC                                            $232,248

PNC Equipment Finance               Capital Lease         $220,914
                                    of 1st Drawer
                                    Refrigeration

Coastal Group                                             $219,734
Corporation, Inc

Hill, Patricia                                            $202,500

Thompson Price & Co.                                      $201,335

Boyette Brothers                                          $190,985
Produce, LLC

Gay Farms                                                 $166,419

Hill, Robert                                              $165,000

Bailey / Dewayne Hope                                     $162,868

Bailey / Bobby Hope                                       $162,868


WINDSOR MARKETING: U.S. Trustee Forms 3-Member Committee
--------------------------------------------------------
The U.S. Trustee for Region 2 on Jan. 22 appointed three creditors
to serve on the official committee of unsecured creditors in the
Chapter 11 case of Windsor Marketing Group, Inc.

The committee members are:

     (1) Lindenmeyr Munroe
         c/o Michael J. Williams, VP of Credit
         190 Mechanic Street
         Bellingham, MA 02019
         Tel: (800) 343-7782
         Email: mwilliams@lindenmeyr.com

     (2) Fujifilm North America Corp.  
         c/o Linda Wishon, Senior Credit Manager
         850 Central Avenue
         Hanover Park, IL 60133
         Tel:  (630) 259-7373  
         Email: lwishon@fujifilm.com

     (3) Merrill Industries, LLC
         c/o Richard Wheeler, Chief Executive Officer
         26 Village Street
         Ellington, CT 06029
         Tel: (860) 871-1888
         Email: rwheeler@merrillind.com

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

                   About Windsor Marketing Group
        
Headquartered in Suffield, Connecticut, Windsor Marketing Group,
Inc. -- https://windsormarketing.com/ -- is a privately held
company that develops and implements innovative in-store marketing
programs for more than 3,000 clients, including some of the
nation's top retailers.  Founded in 1976, Windsor Marketing helps
retailers make their stores easier to shop, reduce turnaround times
and lower production and fulfillment costs.  

Windsor Marketing Group filed a Chapter 11 petition (Bankr. D.
Conn. Case No. 18-20022) on Jan. 8, 2018.  The petition was signed
by Kevin F. Armata, president.  The Debtor is represented by James
Berman, Esq. at Zeisler & Zeisler, P.C.  At the time of filing, the
Debtor estimated assets and liabilities at $10 million to $50
million.


YU HUA LONG: Trustee Seeks to Hire SLBiggs as Accountant
--------------------------------------------------------
Timothy Yoo, Chapter 11 trustee for Yu Hua Long Investments LLC,
seeks approval from the U.S. Bankruptcy Court for the Central
District of California to hire SLBiggs as its accountant.

SLBiggs, a division of SingerLewak, will provide consulting
services related to the administration and disposition of the
Debtor's assets; provide financial planning and analysis relevant
to claims negotiations; prepare tax returns; assist the trustee in
tax planning relevant to the disposition of assets; and provide
other services related to the Debtor's Chapter 11 case.    

The firm's hourly rates are:

     Samuel Biggs, Partner                    $495
     Brian Landau, Director               $350 - $400
     Eric Corriveau, Director             $350 - $400
     Managers/Supervising Accountants     $195 - $250
     Senior/Junior Accountants            $155 - $195
     Paraprofessionals                    $100 - $125

Samuel Biggs, a certified public accountant and a partner at
SLBiggs, disclosed in a court filing that his firm does not hold or
represent any interest adverse to the Debtor's estate, creditors or
equity security holders.

SLBiggs can be reached through:

     Samuel R. Biggs
     SLBiggs, A Division of SingerLewak
     10960 Wilshire Boulevard, 7th Floor
     Los Angeles, CA 90024
     Phone: (310) 477-3924

                  About Yu Hua Long Investments

Yu Hua Long Investments, LLC, is engaged in the development of real
property located in the City of Monterey Park, California.

Yu Hua Long Investments filed a Chapter 11 petition (Bankr. C.D.
Cal. Case No. 16-22745) on Sept. 26, 2016, estimating under $1
million in both assets and liabilities.

On Dec. 7, 2016, the Court entered an order directing the
appointment of a Chapter 11 trustee on motion of the U.S. Trustee.
Timothy J. Yoo was named as Chapter 11 trustee.  Levene Neale
Bender Yoo & Brill, LLP, is the Trustee's general bankruptcy
counsel.  Re/Max Omega is the Trustee's broker.


                            *********

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
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is compiled on the Friday prior to publication.  Prices reported
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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

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