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

              Monday, January 29, 2018, Vol. 22, No. 28

                            Headlines

5 C HOLDINGS: Gets Court Not to Continue Using Cash Collateral
ABACUS INVESTMENT: Taps Peter Berkman as New Legal Counsel
ADVANCED EDUCATIONAL: Committee Taps Andreozzi as Local Counsel
ADVANCED SOLIDS: Haro Buying Carlsbad Property for $895K
AEROGROUP INTERNATIONAL: Sets Procedures for All Assets

AMERICAN APPAREL: $800K Sale of $80K AA Korea Shares Approved
AMJ PLUMBING: Gets Court OK to Use Cash Collateral until Feb. 21
ARABELLA EXPLORATION: Amended Final Cash Collateral Order Entered
ARCHDIOCESE OF ST. PAUL: Bankr. Court Rejects Chapter 11 Plan
AUTO SUPPLY: May Obtain $10.5-Mil Postpetition Debt, Use Cash

AVERY LAND: Has Court OK to Vote to Accept Affiliate Yucca's Plan
BEAUFORT RESTAURANT: Seeks to Hire A & B Bookkeeping Services
BEAUFORT RESTAURANT: Taps Philip Fairbanks as Legal Counsel
BEBE STORES: Neil Subin Has 9.2% Stake as of Jan. 12
BILL BARRETT: BlackRock Has 12.7% Stake as of Dec. 31

BILL BARRETT: Plans to Operate Three Rigs This Year
BINGHAM COUNTY SD: Moody's Affirms Ba1 General Obligation Rating
BLACK SQUARE: Taps Crawford & Von Keller as Special Counsel
BRUGNARA PROPERTIES: DOJ Watchdog to Appoint Chapter 11 Trustee
CARL SAYERS: Sets Bidding Procedures for Four Danbury Properties

CCHN GROUP: S&P Affirms 'B' CCR on Acquisition of DPN USA LLC
CENTURYLINK INC: S&P Withdraws 'B' Short-Term Corp. Credit Rating
CHARMING CHARLIE: Committee Taps Benesch as Co-Counsel
CHARMING CHARLIE: Committee Taps Cooley as Lead Counsel
COBALT INT'L: Committee Taps Conway MacKenzie as Financial Advisor

COBALT INT'L: Committee Taps Pachulski as Lead Counsel
COBALT INT'L: Committee Taps Snow Spence as Local Counsel
COMPUWARE CORP: S&P Affirms 'B' Rating on First-Lien Term Loan
CONDO 64: Can Continue Using Cash Collateral through Feb. 23
CONDOMINIUM ASSOCIATION: Lynnhill Properties Selling for $14.5M

CONDOMINIUM ASSOCIATION: May Obtain $450,000 in DIP Financing
CORNBREAD VENTURES: Taps JND as Claims, Noticing & Balloting Agent
CRAPP FARMS: Noble Buying Approx. 3,072 Pigs for $73 Each
CROSS-DOCK SOLUTIONS: Court Gives Nod to Ch. 11 Trustee Appointment
CUMULUS MEDIA: Committee Taps Akin Gump as Legal Counsel

CUMULUS MEDIA: Committee Taps Moelis as Financial Advisor
DEALER TIRE: Moody's Corrects Dec. 14 Rating Release
DIGITAL ROOM: Moody's Assigns B3 CFR; Outlook Stable
DIGITAL ROOM: S&P Assigns 'B-' Corp. Credit Rating; Outlook Stable
DUKE FINANCE: S&P Puts 'B' CCR on Watch Neg on Sale of EaglePicher

EPTMS INC: Authorized to Use Cash Collateral on Final Basis
ERIE STREET: Trustee Taps Alan D. Lasko as Accountant
EXACTECH INC: S&P Assigns 'B-' Corp. Credit Rating, Outlook Stable
EXCELETECH COATING: Seeks Court Authority to Use Cash Collateral
FC GLOBAL: Amends Prospectus for 9.6-Mil. Common Shares Sale

FC GLOBAL: Files Resale Prospectus for 3.8 Million Common Shares
FINJAN HOLDINGS: Achieves 175% Hike in Revenues to $50M in 2017
FIRST AVE.: East Chelsea Buying All Assets for $800K Plus Inventory
FITNESS FACTORY: U.S. Trustee Unable to Appoint Committee
GEI HOLDINGS: Selling Newark & Irvington Properties for $1.045M

GEN-KAL PIPE: Taps Klein Law Group as Special Counsel
GENON ENERGY: Still Awaits Chapter 11 Bankruptcy Exit
HANS FUTTERMAN: RWNIH Wants Ch. 11 Trustee to Oversee Assets Sale
HIGH PLAINS: Seeks Interim Authorization to Use Cash Collateral
HKD TREATMENT: $6.5K Sale of 2012 Ford Fusion to Melville Approved

HOBBICO INC: Wants to Obtain DIP Financing From Wells Fargo Bank
HORIZON GLOBAL: Moody's Affirms B2 Corporate Family Rating
HORIZON GLOBAL: S&P Rates New $380MM Term Loan 'B'
HOVNANIAN ENTERPRISES: Fails to Get OK to Amend 2022 Notes Contract
HOVNANIAN ENTERPRISES: Modifies Condition to Its Exchange Offer

HUBBARD GROUP: Seeks Final Approval to Use Cash Collateral
ITUS CORP: CEO Gets Base Salary Hike to $360,000 Per Year
JAMES SKEFOS: Pruett Buying Interest in Memphis Property for $9K
JAMES SKEFOS: THM Buying Interest in Memphis Property for $500K
JAMES SKEFOS: Wilson Buying Interest in Memphis Property for $42K

JODY KEENER: Cortez Buying Cedar Rapids Property for $27K
JOHN Q. HAMMONS: $79K Sale of Springfield Property Approved
JW ALUMINUM: S&P Assigns 'B-' Corp. Credit Rating, Outlook Stable
JXB 84 LLC: Plan Filing Period Moved to April 27; Mediation Okayed
KDM CONSTRUCTION: Premier Choice Seeks Appointment of Trustee

KEYSTONE PODIATRIC: Taps Cunningham as Legal Counsel
KIKO USA: Taps BMC Group as Claims Agent
LAS FLORES: Taps George Peter Klee as Accountant
LEWIS SPECIALTIES: Taps John H. Nguyen as Tax Service Provider
LSF 10 CEDAR: S&P Keeps B+ Rating on $520 Loan Amid $40MM Add-on

MALLINCKRODT PLC: S&P Affirms 'BB-' CCR, Off CreditWatch
MOORINGS REGENCY: Court Approves Cash Collateral Use
MOREHEAD MEMORIAL: Taps Anderson Bauman as Estate Executive
MOUNTAIN CRANE: Seeks Authorization to Use Cash Collateral
MOUNTAIN CRANE: U.S. Trustee Forms 3-Member Committee

PELICAN REAL ESTATE: March 5 Trustee's Auction Sale of Torok Pool
PETTERS CO: Bankr. Court Rejects T. Stapleton Bid to Junk Suit
PETTERS CO: W. McDonald's Bid to Dismiss Lawsuit Nixed
PLAZA BROADWAY: Seeks Appointment of Chapter 11 Trustee
PREFERRED VINTAGE: Taps Sotheby's as Real Estate Broker

R & A PROPERTIES: $200K Sale of Des Moines Property to QTC Approved
RENTECH WP: Committee Taps Lowenstein Sandler as Legal Counsel
RENTECH WP: Committee Taps Whiteford as Delaware Counsel
RENTECH WP: Wants To Obtain Up To $3-Mil. of DIP Financing
ROSS COTTOM: Taps Antonik Law Offices as Legal Counsel

SALVADOR CORDERO: FHB Seeks Appointment of Chapter 11 Trustee
SCIENTIFIC GAMES: BlackRock Has 7.4% of Shares as of Dec. 31
SEADRILL LTD: Committee Seeks to Examine Norwegian Director
SEADRILL LTD: Feb. 7 Hearing on Panel Misclassification Plea
SEARS HOLDINGS: Plans to Commence Notes Exchange Offers

SEEGRID CORP: Horbal Collaterally Estopped from Suing Giant Eagle
SEMCRUDE LP: ND Waived Right to Assert Lien in Sold Oil
SILO NAIL: Seeks Court Approval to Hire Expert Witness
SINDESMOS HELLINIKES: $3.7M Sale of Deerfield Property Approved
SOUTH SHORE PAINTING: Court Gives Final Approval to Use Cash Collat

SPARTAN BUSINESS: Has Authorization to Use Cash Collateral
STAR GOLDEN: Proposed Auction Sale of Mesquite Property Denied
STEAK N SHAKE: S&P Cuts CCR to CCC+ on Strained Capital Structure
STOP ALARMS: Frase Protection Buying All Assets for Approx. $450K
SUFFERN INT'L: $1.2M Sale of Blooming Grove Property to TWG Okayed

SYNIVERSE HOLDINGS: Moody's Hikes CFR to B3 on Revenue Growth
SYNIVERSE HOLDINGS: S&P Alters Outlook to Stable & Affirms 'B' CCR
TADD WHOLESALE: Court Approves Interim Use of Cash Collateral
UNIVERSAL LAND: $2.2M Sale of Edgar Property to Pinnacle Approved
VIKING CRUISES: Moody's Rates Proposed $675MM Sec. Notes Ba2

VIKING CRUISES: S&P Affirms 'B' CCR, Outlook Remains Positive
WESTERN STATES: May Enter Into Premium Finance Pact With IPFS
WESTMORELAND COAL: BlackRock Has 6.4% Stake as of Dec. 31
[*] Carl Marks' Steven Agran Appointed NJTMA Chapter President
[*] Lillian Stenfeldt Joins Rimon Law as Partner

[^] BOND PRICING: For the Week from January 22 to 26, 2018

                            *********

5 C HOLDINGS: Gets Court Not to Continue Using Cash Collateral
--------------------------------------------------------------
The Hon. Rene Lastreto II, of the U.S. Bankruptcy Court for the
Eastern District of California authorized 5 C Holdings, Inc., to
continue using Tri Counties Bank's cash collateral through June 30,
2018.

As reported in the Troubled Company Reporter on Jan. 3, 2018, the
Debtor owed Tri Counties Bank approximately $50,213, secured by a
perfected security interest against the Debtor's personal property.
The Debtor desires to continue to use Tri Counties Bank consistent
with the terms of the First Cash Collateral Motion, the First
Stipulation and the Order, except as modified by the 2018 Monthly
Projections.  

Tri Counties Bank has consented to the Debtor using its cash
collateral after December 31, 2017 and expects the Debtor to
confirm a Plan of Reorganization before June 30, 2018.
Consequently, the Debtor and Tri Counties Bank have reached an
agreement under which Tri Counties Bank will consent to the
Debtor's use of Tri Counties Bank's cash collateral through June
30, 2018. The Second Stipulation authorizes the Debtor to continue
its use of cash collateral consistent with the terms of the First
Stipulation between the Parties that was approved by the Court on
May 18, 2017.

The Court gave its permission for the Debtor to use the Bank's cash
collateral in order to pay the expenses set forth in the Income and
Expense Projections. While the Debtor is allowed to deviate from
each line item by as much 20%, said deviation should not go above
10% on a cumulative basis.

As adequate protection, the Debtor is required to make a payment of
$1,200 per month to the Bank.

Further, the Court required the Debtor to file a Disclosure
Statement and Plan of Reorganization by Feb. 15, 2018.

                      About 5 C Holdings

5 C Holdings, Inc., owns and operates a drilling and oilfield
service business. It was incorporated in March 2009 and operates
its business in the State of California.  Cami Hogg is the sole
officer, director and shareholder of the Company. Ms. Hogg's
husband, Casey, is employed by the Company. The Hoggs have 40 years
of experience in the petroleum business.

5 C Holdings filed a Chapter 11 bankruptcy petition (Bankr. E.D.
Cal. Case No. 17-11591) on April 25, 2017.  Cami Hogg, as
president, signed the petition.  The Debtor estimated assets and
liabilities ranging from $500,000 to 1 million.  The case is
assigned to Judge Fredrick E. Clement.  The Debtor is represented
by Leonard K. Welsh, Esq., at the Law Offices of Leonard K. Welsh.

An official committee of unsecured creditors has been appointed in
the Chapter 11 case of 5 C Holdings.  The Committee hired Walter
Wilhelm Law Group, as counsel.


ABACUS INVESTMENT: Taps Peter Berkman as New Legal Counsel
----------------------------------------------------------
Abacus Investment Group, Inc. seeks approval from the U.S.
Bankruptcy Court for the Middle District of Florida to hire Peter
Berkman Attorney, PLLC, as its new legal counsel.

Berkman 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 replace Palm Harbor Law Group,
P.A. as the Debtor's legal counsel.

The firm does not represent any interest adverse to the Debtor and
its estate, according to court filings.

Berkman can be reached through:

     Peter Berkman, Esq.
     Peter Berkman, Attorney, PLLC
     18865 SR 54 # 110
     Lutz, FL 33558
     Fax: 888.413.0890
     Phone: 800-786-0641

                  About Abacus Investment Group

Abacus Investment Group, Inc.'s principal assets are located at
Hillsborough & Pinellas County, Tampa, Florida.  Herb Miller owns
100% of the company's common stock.  The company was founded in
2010.

Abacus Investment Group sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 17-10224) on Dec. 9,
2017.  In the petition signed by CFO Donna Steenkamp, the Debtor
disclosed $1.74 million in assets and $3.89 million in liabilities.
Judge Catherine Peek Mcewen presides over the case.  Peter Berkman
Attorney, PLLC, is presently serving as the Debtor's legal counsel,
after replacing Palm Harbor Law Group, P.A.


ADVANCED EDUCATIONAL: Committee Taps Andreozzi as Local Counsel
---------------------------------------------------------------
The official committee of unsecured creditors of Advanced
Educational Products, Inc. seeks approval from the U.S. Bankruptcy
Court for the Western District of New York to hire Andreozzi
Bluestein LLP.

The firm will provide legal services to the committee as local
counsel in connection with the Debtor's Chapter 11 case.
Andreozzi's hourly rates are:

     Daniel Brown         Partner       $350
     Ruth Wiseman         Associate     $250
     Royston Mendonza     Associate     $250
     Melissa Brennan      Paralegal     $175

Daniel Brown, Esq., a partner at Andreozzi, 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:

     Daniel F. Brown, Esq.
     Andreozzi Bluestein LLP
     9145 Main Street
     Clarence, NY 14031
     Direct Dial: (716) 235-5030
     Office Number:  (716) 633-3200, Ext. 318
     Facsimile: (716) 565-1920
     E-mail: dfb@andreozzibluestein.com

                About Advanced Educational Products

Based in Buffalo, New York, Advanced Educational Products, Inc. --
http://www.aepbooks.com/-- is a HUBZone Certified Small Business  
Concern and New York State contractor offering book and multimedia
acquisition services to public and private institutions worldwide.
Established in 1992, the company offers a comprehensive suite of
fulfillment services tailored to meet the needs of government and
institutional customers and their unique ordering and reporting
requirements.  The company's gross revenue amounted to $16.32
million in 2016 and $16.87 million in 2015.  Kenneth A. Pronti
holds a 100% shareholder interest in Advanced, and is its sole
office and director.

Advanced Educational Products, based in Buffalo, New York, filed a
Chapter 11 petition (Bankr. W.D.N.Y. Case No. 17-12576) on Dec. 4,
2017.  In its petition, the Debtor disclosed $2.18 million in
assets and $6.54 million in liabilities.

Judge Carl L. Bucki presides over the case.

Arthur G. Baumeister, Jr., Esq., at Baumeister Denz, LLP, is the
Debtor's bankruptcy counsel.


ADVANCED SOLIDS: Haro Buying Carlsbad Property for $895K
--------------------------------------------------------
Advanced Solids Control, LLC, asks the U.S. Bankruptcy Court for
the Western District of Texas to authorize the sale of the real
property described as 4116 Tidwell, Carlsbad, New Mexico, to Juan
Haro for $895,000.

The property served as the Debtor's yard for its business
operations.  This is the last piece of real property owned by the
Debtor.  The Court has previously approved the sale of pieces of
real property -- five in Carlsbad, New Mexico and one in Midland,
Texas.  All six of the sales closed and all of the net proceeds
from the sales have been paid to lienholder.  

First National Bank of Beeville, which is owed approximately
$830,000, will receive the net proceeds from the sale.  Any excess
proceeds will be property of the Estate.

The Debtor proposes to sell the real property for $895,000 to the
Buyer, free and clear of all liens, claims and encumbrances.  The
sale is scheduled to close by Feb. 26, 2018.  The sale is
contingent upon Haro closing the sale of his current yard, which
sale is expected to close shortly.  Upon closing the sale, Haro is
planning on closing this sale quickly.  The sale to the Buyer is a
cash sale.  The Debtor's realtor has informed it that from its
investigation, the contingent sale appears to be a solid sale that
will close quickly.

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

     http://bankrupt.com/misc/Advanced_Solids_245_Sales.pdf

The Debtor believes that the proposed sales price approximates the
real property's market value in the context of such a sale, and is
a reasonable value based upon the asset proposed to be sold and its
marketability.  It scheduled the yard with a market value in the
amount of $1,200,000.

Century 21 Associated Professionals, Inc., the Court-appointed
realtor for the Debtor, believed that the property would sell
quickly (within three months) but that has not happened.  The
original asking price in the amount of $1,100,000 was lowered to
the amount of $990,000 approximately 30 days ago.  One of the
things that the Debtor has learned is that the real property is not
in the prime
location for the oil and gas activity in Carlsbad, New Mexico.

The real property is subject to a mortgage lien to First National
Bank of Beeville ($830,000).  Any outstanding ad valorem taxes,
including the Eddy County ad valorem taxes will be paid in full
from the sale.  The Debtor recently paid the 2017 ad valorem taxes
to Eddy County.

The Debtor asks permission to pay all reasonable closing costs,
including real estate commissions, directly at closing. The net
proceeds from the sale will be paid to First National Bank of
Beeville in satisfaction of the outstanding balance of its
remaining Note, with any excess proceeds to be property of the
Estate.

The Purchaser:

          Juan Haro
          11800 Gwen Evans Lane
          El Paso, TX 79936
          Telephone: (915) 255-9235

The Realtor:

          Lori Aho, Broker
          CENTURY 21 ASSOCIATED
          PROFESSIONALS, INC.
          1205 W Pierce
          Carlsbad, NM 88220
          Telephone: (575) 885-9722
          Facsimile: (575) 885-1358
          E-mail: l_aho@yahoo.com

                   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.

On Aug. 7, 2017, the Court appointed Century 21 Associated
Professionals, Inc., as the Debtor's broker.


AEROGROUP INTERNATIONAL: Sets Procedures for All Assets
-------------------------------------------------------
Aerogroup International, Inc., and affiliates ask the U.S.
Bankruptcy Court for the District of Delaware to authorize the
bidding procedures in connection with the sale of substantially all
their assets free and clear of all claims, liens, liabilities,
interests and encumbrances.

Prior to and throughout these Chapter 11 Cases, the Debtors, with
the assistance of their investment banking firm, Piper Jaffray &
Co., have explored all possible options available to the Company,
including potential partnerships and sources of capital funding, as
well as a sale of the Company as a going concern or a sale of
substantially all of the assets of the Company for liquidation
purposes.  Piper Jaffray has sought offers in various forms.

On Oct. 24, 2017, the Debtors filed their Joint Plan of
Reorganization.  The Original Plan provided for either (a) the
reorganization of the Debtors' business in connection with the
completion of one or more licensing transactions and a sale of
their remaining assets ("Non-IP Assets") not required in connection
with the go-forward business ("Reorganization"); or (b) the sale of
all or substantially all of their assets through one or more sales
under Section 363 of the Bankruptcy Code and the appointment of a
plan administrator for purposes of distributing all proceeds of
such sale(s).

In connection with the Original Plan on Nov. 7, 2017, the Debtors
filed their Original Sale Motion.  Following the filing of the
Original Plan and the Original Sale Motion, the Debtors agreed to
the terms of a license agreement, a retail distribution agreement,
and an asset purchase agreement ("GBG Agreements") with GBG USA
Inc.

On Dec. 4, 2017, the Debtors filed their First Amended Joint Plan
of Reorganization and the Disclosure Statement for Debtors' First
Amended Joint Plan of Reorganization.  The Amended Plan removed the
Liquidation Scenario and refined concepts related to the
Reorganization in anticipation of the execution of the GBG
Agreements.

On Dec. 5, 2017, a hearing was held to consider approval of the
bidding procedures relief requested in the Original Sale Motion and
the approval of the Disclosure Statement.  At that hearing, the
Debtors informed the Court that based on the developments in
the transaction with GBG, any sale pursuant to the Original Sale
Motion would be limited to the Debtors' interests in their
unexpired retail leases of non-residential retail real property.

On Dec. 8, 2017, the Court entered the Lease Sale Procedures Order.
However, the Debtors did not receive any bids for their leases and
subsequently cancelled the related auction.

The Court held a series of hearings on January 11th, 17th and 22nd
related to confirmation of the Plan.  The hearing on confirmation
of the Plan has been adjourned to Feb. 14, 2018.  As a result of
certain outstanding issues related to the Plan and the transactions
proposed thereunder, the Debtors do not believe they will be able
to procced with confirmation of the Plan on Feb. 14, 2018.

Instead, the Debtors file the emergency Motion requesting that the
Court approve the Bid Procedures for the immediate sale of
substantially all of the Debtors' assets.  The Bid Procedures are
substantially similar to those proposed in the Original Sale Motion
and similar to those approved under the Lease Sale Procedures
Order.  The Bid Procedures are designed to generate the greatest
level of interest and the highest or otherwise best offer for the
Debtors' Assets, including, without limitation, the Debtors'
inventory, accounts receivable, deposits, fixtures, furniture and
equipment, customer lists, intellectual property, interests in
remaining unexpired contracts and leases, and any other available
assets.

Consistent with the marketing process, the Debtors and Piper
Jaffray engaged in prior to and during these Chapter 11 Cases, the
Bid Procedures intend to solicit(a) offers to purchase some or all
of the Debtors' e-commerce, wholesale and/or first cost business
lines as going concerns; (b) offers to purchase all or a portion of
their Assets for liquidation purposes; and (c) offers for some
combination of a going concern and liquidation sale.

Upon completion of the Sale, the Debtors will no longer have the
ability to (a) maintain their customer programs, including honoring
gift cards, returns, refunds, or exchanges, or (b) continue any
promotional programs, including honoring coupons or the Debtors'
loyalty club program.  The Debtors are in the process of updating
their stated policies to indicate all sales are final and will ask
relief related to the termination of customer programs at the Sale
Hearing.

The salient terms of the Bidding Procedures are:

     a. Stalking Horse Deadline: Feb. 5, 2018 at 5:00 p.m. (ET)

     b. Bid Deadline: Feb. 9, 2018 at 5:00 p.m. (ET)

     c. Good Faith Deposit: 10% of the proposed purchase price

     d. Auction: If more than one Qualified Bid is received with
respect to the Sale, the Debtors will conduct an auction at the
offices of Ropes & Gray LLP, 1211 Avenue of the Americas, New York,
New York on Feb. 12, 2018 at 10:00 a.m. (ET).

     e. Credit Bidding: Qualified Bidders may credit bid some or
all of their claims.  The DIP Lender and the Prepetition Term Loan
Agent may each participate in the Auction and to the extent set
forth in the Final DIP Order, may credit bid at any time up to the
conclusion of the Auction, each in their sole and absolute
discretion, any portion and up to the entire amount of their
individual claims.

     g. Bid Increments: The minimum increments will be announced by
the Debtors after consultation with the Consultation Parties.

     h. Adequate Assurance Objection Deadline: Feb. 13, 2018 at
4:00 p.m. (ET)

     i. Sale Hearing: Feb. 14, 2018 at 10:00 a.m. (ET)

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

    
http://bankrupt.com/misc/Aerogroup_International_532_Sales.pdf

The Debtors may modify the Bid Deadline, the date of the Auction or
the date of the Sale Hearing to the extent necessary to obtain the
highest or best offer for the available Assets.

Within one day after the entry of the Bid Procedures Order, or as
soon thereafter as practicable, the Debtors (or their agents) will
serve the Sale Notice upon all known interested parties.  The
Debtors have requested that the deadline for filing an objection to
the Sale will be Feb. 12, 2018 at 4:00 p.m. (ET).

As part of the Sale, the Debtors seek authority to potentially
assume and assign certain of the Executory Contracts to the
Successful Bidder(s).  With respect to the Executory Contracts, no
later than Feb. 2, 2018, the Debtors will file with the Court and
serve the Cure Notice.  The Debtors have requested that the
deadline for filing an objection to the Cure Amounts will be Feb.
12, 2018 at 4:00 p.m. (ET).  They've requested that the deadline
for filing an objection to the assumption and assignment of an
Executory Contract on
the basis of a lack of adequate assurance of future performance
will be Feb. 13, 2018 at 4:00 p.m. (ET).

To further facilitate the monetization of their Assets, the Debtors
ask authority to select one or more Stalking Horse Bidders, in
consultation with the Consultation Parties, and to provide any
Stalking Horse Bidder with certain customary Bid Protections
including a breakup fee and expense reimbursement.  If they're able
to reach an agreement with any Stalking Horse Bidder by Feb. 5,
2018, the Debtors propose to file a notice of entry into any such
agreements and to supplement the Motion with the applicable
disclosures required by Local Rule 6004-1.  The Court would then
hold a hearing to approve the Debtors’ entry into any Stalking
Horse Agreement and any Bid Protections.

The Debtors ask a waiver of the provisions of Local Rule 6004-1 to
the extent applicable.

                 About Aerogroup International

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

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

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

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

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

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

On Oct. 24, 2017, the Debtors filed the Debtors' Joint Plan of
Reorganization.


AMERICAN APPAREL: $800K Sale of $80K AA Korea Shares Approved
-------------------------------------------------------------
Judge Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware authorize APP Winddown, LLC and affiliates to
enter into an agreement with Mr. Huh Bong Jae in connection with
the private sale of all of APP Retail Winddown, Inc.'s 80,000
shares of American Apparel Korea Co. Ltd for KRW 850,000,000 or
approximately $798,000.

The sale is free and clear of all Interests and/or Claims, with all
such Interests and/or Claims to attach to the cash proceeds of the
Sale.

APP Retail is authorized, upon receipt of the purchase price, to
release claims against AA Korea (including any intercompany balance
(including, without limitation, the $3.3 million scheduled claim or
the KRW9.5 billion claim AA Korea has acknowledged), its
management, and its employees and against Mr. Huh.  Mr. Huh and AA
Korea will not demand, commence any action, pursue, or otherwise
seek any recovery or funds from the Debtors or any of their
directors, officers, or employees, with respect to any claims that
are released pursuant to the Purchase Agreement (including, without
limitation, the KRW7 billion claim AA Korea asserts it is owed) .

The requirements set forth in Bankruptcy Rule 6004(a) are
satisfied.

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

      http://bankrupt.com/misc/APP_Winddown_1576_Order.pdf

                      About American Apparel

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

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

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

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

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

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

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

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

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


AMJ PLUMBING: Gets Court OK to Use Cash Collateral until Feb. 21
----------------------------------------------------------------
The Hon. Meredith A. Jury of the U.S. Bankruptcy Court for the
Central District of California has approved the stipulation between
AMJ Plumbing Specialists Corp. and Opus Bank on the Debtor's use of
cash collateral during the period commencing on July 7, 2017, and
terminating on the earlier of any of these dates: (a) Feb. 21,
2018, or at a further date as agreed to by Opus Bank in writing, or
(b) the date of the occurrence of an Event of Default.

The Court authorized the Debtor to continue using cash collateral
pursuant to the terms of the Stipulation approved by the Court in
its Order Approving Stipulation Between Opus Bank and Debtor
Authorizing Interim Use of Cash Collateral entered on August 19,
2017.

As reported in the Troubled Company Reporter on Sept. 4, 2017, the
Court had initially allowed the Debtor to continue using cash
collateral until Nov. 30, 2017.

The cash collateral is not to be used for any purpose relating to
or in furtherance of an Adverse Opus Action, including without
limitation the payment of professional fees relating to the
matters.  Adverse Opus Action means (a) any assertion, claim,
counter-claim, action, proceeding, application, motion, objection,
defense or other contested matter: (i) challenging the legality,
validity, priority, amount or enforceability of the prepetition
obligations, (ii) challenging the legality, validity, priority or
enforceability, or seeking to invalidate, set aside, avoid or
subordinate, in whole or in part, any prepetition lien in the
prepetition collateral, or (iii) seeking to prevent, hinder or
delay the assertion or enforcement by Opus of any right, remedy,
claim, benefit or privilege of, or lien or interest in favor of
Opus in the collateral or realization upon any collateral.

Opus is granted, effective as of the Petition Date, a replacement
lien pursuant to Sections 361 and 363(e) in all prepetition and
postpetition assets in which and to the extent Debtor hold an
interest, whether tangible or intangible, whether by contract or
operation of law, and including all profits and proceeds thereof,
including without limitation, claims or causes of action possessed
by the Debtor's bankruptcy estates under Sections 544, 545, 547,
548, 553(b), or 723(b), and all proceeds therefrom, but only to the
extent there is a diminution in value of the prepetition
collateral, whether from the use of cash collateral or otherwise.

The Court has scheduled a continued hearing on the further use of
cash collateral at 1:30 p.m. on Feb. 21, 2018.

                          About AMJ Plumbing

Headquartered in Rancho Cucamonga, California, AMJ Plumbing
Specialists Corp., d/b/a AMJ Plumbing Specialists, is a commercial
plumbing company that has more than 20 years of experience in the
commercial plumbing field.  AMJ Plumbing --
http://amjplumbingspecialists.com/-- offers a wide variety of
plumbing-related new construction services including leak repairs,
water heaters service, pump service, drain cleaning/jetting,
backflow services, tenant improvements and sewer camera
installation.

AMJ Plumbing filed for Chapter 11 protection (Bankr. C.D. Cal. Case
No. 17-15717) on July 7, 2017, disclosing $1.39 million in total
assets and $2.15 million in total liabilities.  Jose Ruvalcaba,
Jr., president, signed the petition.

Judge Meredith A. Jury presides over the case.

David Lozano, Esq., and Frank Alvarado, Esq., at Lozano Law Center
Inc., serve as the Debtor's legal counsel.



ARABELLA EXPLORATION: Amended Final Cash Collateral Order Entered
-----------------------------------------------------------------
Judge Russell F. Nelms of the U.S. Bankruptcy Court for the
Northern District of Texas has signed an amended final order
authorizing Arabella Exploration, LLC, and its affiliates to use
the cash collateral Platinum Partners Credit Opportunities Master
Fund, LP, on a final basis solely in accordance with and to the
extent set forth in the Budget.

Platinum Partners is granted valid, binding, enforceable and
perfected replacement liens upon and security interests in all of
each Debtor's presently owned or hereafter acquired property and
assets, pursuant to sections 361 and 363 of the Bankruptcy Code.

Platinum Partners is also granted pursuant to sections 503, 507(a)
and 507(b) of the Bankruptcy Code, an allowed superpriority
administrative expense claim in the Cases and any Successor Case in
an amount equal to the Diminution in Value. The Senior Adequate
Protection Superpriority Claim will be subordinate only to (i) the
payment of the statutory fees of the U.S. Trustee; (ii) the
expenses set forth in the Budget, and (iii) any and all fees
payable to the Clerk of the Court.

The Amended Final Order further provides that the Debtors reserve
all rights with respect to determination regarding the existence,
validity, enforceability or priority of any rights, liens or
security interests of Founders Oil & Gas Operating, LLC, Founders
Oil & Gas III or any of the working interest holders under the
Joint Operating Agreements arising under, in connection with, or
related to the joint operating agreement for certain oil and gas
leases for the "Wolfbone Project."

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

             http://bankrupt.com/misc/txnb17-40120-331.pdf

                   About Arabella Exploration

Arabella Exploration, LLC, formed on Oct. 2, 2009, is a
wholly-owned subsidiary of Arabella Exploration, Inc., a Cayman
Islands corporation.  It is an oil and gas exploration company that
owns working interests in a number of oil and gas properties and
interests.

Arabella Exploration filed a voluntary petition for relief under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No.
17-40120) on Jan. 8, 2017.  Charles (Chip) Hoebeke, manager, signed
the petition.

Arabella Operating, LLC, filed a Chapter 11 petition (Bankr. N.D.
Tex. Case No. 17-41479) on April 4, 2017.  The case is being
jointly administered with that of Arabella Exploration.

Arabella Exploration estimated $1 million to $50 million in assets
and liabilities.

Judge Russell F. Nelms in Ft. Worth, Texas, is the case judge.

Raymond W. Battaglia, Esq., of the Law Offices of Ray Battaglia,
PLLC, serves as counsel to the Debtor.  Miller Johnson serves as
Battaglia's co-counsel.  Rehmann Turnaround and Receivership's
Charles Hoebeke is the Debtor's chief restructuring officer.

No trustee, examiner or committee has been appointed in the case.


ARCHDIOCESE OF ST. PAUL: Bankr. Court Rejects Chapter 11 Plan
-------------------------------------------------------------
Bankruptcy Judge Robert J. Kressel entered an order denying
confirmation of the Archdiocese of Saint Paul and Minneapolis'
Chapter 11 plan dated and filed on Dec. 19, 2016.

Joseph L. Galatowitsch, the personal representative of the probate
estate of Nancy J. Galatowitsch has filed an objection to the
confirmation of the plan. He objects because the debtor's plan
provides that "in order to be eligible for participation and claim
liquidation under this TDP [trust distribution plan], each tort
claimant must be alive as of the date of Plan Confirmation." For
the most part, the debtor's plan is consistent with Minnesota law.
Minnesota law provides that "a cause of action arising out of an
injury to the person dies with the person of the party in whose
favor it exists, except as provided in section 573.02." So, most of
Galatowitsch's claim died with her. When she died, her claims for
pain, suffering, psychic damage, trauma, and other damages also
died. However, the exception mentioned in section 573.02 provides
that an action for special damages may continue to be asserted by a
trustee appointed for such purpose. Special damages are those
damages to which an exact dollar amount can be assigned-such as
medical expenses or lost wages.

At least seven sexual abuse claimants have died since filing their
proofs of claim and as this case drags on, it seems inevitable that
more will die. No one has sought the appointment of a trustee for
any of the seven. However, the debtor's plan needs to make a
provision for these claims for special damages by the trustees for
deceased claimants. The objection of Joseph Galatowitsch as
personal representative for the Estate of Nancy J. Galatowitsch is
sustained.

North American Banking Company and Bremer Bank make similar and
legally identical objections to confirmation of the debtor's plan.
The debtor owns the properties upon which Totino-Grace High School
and Benilde-St. Margaret's High School are located. Both properties
are subject to long-term leases with the respective high schools.
Both high schools have loans which are secured by mortgages on the
properties owned by the debtor. While the debtor is not liable for
the mortgage debts, since the creditors' claims are secured by
properties of the debtor, both banks have allowable claims. Since
the claims are secured by property of the estate, they are secured
claims. Since the debtor's plan makes no provision for these
secured claims, its plan may not be confirmed and the objections of
North American Banking Company and Bremer Bank are sustained.

Upon consideration of all the arguments and the other objections
filed, Judge Kressel concludes that the debtor's plan is
unconfirmable.

The bankruptcy case is in re: The Archdiocese of Saint Paul and
Minneapolis, Debtor, No. BKY 15-30125 (Bankr. D. Minn.).

A full-text copy of Judge Kressel's Order dated Dec. 28, 2017 is
available at https://is.gd/i4Io08 from Leagle.com.

The Archdiocese of Saint Paul and Minneapolis, Debtor 1,
represented by Richard D. Anderson  -- randerson@briggs.com --
Briggs and Morgan, Benjamin Gurstelle -- bgurstelle@briggs.com --
Briggs and Morgan P A, Bryce D. Jasper  -- bjasper@briggs.com --
Briggs and Morgan PA, John R. McDonald , Briggs and Morgan, P.A.,
Charles E. Nelson , Lindquist & Vennum LLP, Charles B. Rogers --
crogers@briggs.com -- Briggs and Morgan PA & Aaron G. Thomas ,
Briggs and Morgan PA.

US Trustee, U.S. Trustee, represented by Robert Raschke, US Trustee
Office & Sarah J. Wencil, US Trustee Office.

ABUSE CLAIMANT, Other Party, represented by Elin M. Lindstrom, Jeff
Anderson & Associates.

Official Committee of Unsecured Creditors, Creditor Committee,
represented by Phillip J. Ashfield – phillip.ashfield@stinson.com
-- Stinson Leonard Street, Edwin H. Caldie -- ed.caldie@stinson.com
-- Stinson Leonard Street, Benjamin J. Court  --
Benjamin.court@stinson.com -- Stinson Leonard Street, Scott C.
Hecht -- scott.hecht@stinson.com -- Stinson Leonard Street, Robert
T. Kugler – Robert.kugler@stinson.com -- Stinson Leonard Street,
Brittany Michael -- Brittany.michael@stinson.com -- Stinson Leonard
Street & Dennis O'Brien -- Dennis@mantylaw.com -- Manty and
Associates.

               About the Archdiocese of St. Paul

The Archdiocese of Saint Paul and Minneapolis was originally
established by the Vatican in 1850 and serves a geographical area
consisting of 12 greater Twin Cities metro-area counties in
Minnesota, including Ramsey, Hennepin, Anoka, Carver, Chicago,
Dakota, Goodhue, Le Sueur, Rice, Scott, Washington, and Wright
counties.  There are 187 parishes and approximately 825,000
Catholic individuals in the region.  These individuals and parishes
are served by 3,999 priests and 173 deacons.

The Archdiocese of St. Paul and Minneapolis filed for Chapter 11
protection (Bankr. D. Minn. Case No. 15-30125) in Minnesota on Jan.
16, 2015, saying it has large and growing liabilities related to
child sexual abuse and that its pension obligations are
underfunded.

The Debtor disclosed $45,203,010 in assets and $15,890,460 in
liabilities as of the Chapter 11 filing.

The Debtor has tapped Briggs and Morgan, P.A., as Chapter 11
counsel; BGA Management LLC, d/b/a Alliance Management, as
financial advisor; Lindquist & Vennum LLP as attorney; Regnier
Consulting Group, Inc., as loss reserve analyst; and
CliftonLarsonAllen LLP, as accountant.

The U.S. Trustee appointed five creditors to serve on the Committee
of Parish Creditors. Ginny Dwyer was appointed as the acting
chairperson of the committee until such time as the members can
meet and officially elect their own person.  The Committee tapped
Lamey Law Firm, P.A., as its conflict counsel.

Other dioceses across the county have commenced Chapter 11
bankruptcy cases to address and settle claims from current and
former parishioners who say they were sexually molested by priests.


AUTO SUPPLY: May Obtain $10.5-Mil Postpetition Debt, Use Cash
-------------------------------------------------------------
The Hon. Lena Mansori James of the U.S. Bankruptcy Court for the
Middle District of North Carolina authorized Auto Supply Co., Inc.
to use cash collateral solely in accordance with and pursuant to
the terms and provisions of the Order

The Debtor is also authorized and have agreed to incur
Post-petition Debt solely: (1) in accordance with the terms and
provisions of this Order, (2) to the extent required to pay those
expenses enumerated in the Budget, including the Carveout, as and
when such expenses become due and payable, subject to the Variance
Covenants, (3) to the extent of Positive Borrowing Availability;
and (4) to pay Allowable 506(b) Amounts and the Post-petition
Charges.

In furtherance of the approval of the Post-petition Agreement, the
Court has also approved the following material terms of the
Post-petition Debt:

      (a) The maximum principal amount of Aggregate Debt
outstanding at any time, inclusive of Allowable 506(b) Amounts and
Post-petition Charges, will not at any time exceed $10,500,000.  

      (b) The Post-petition Debt will bear interest at a per annum
rate equal to the default rate applicable to Advances under Section
1.3(b) of the Prepetition Credit Agreement.

      (c) The Debtor will pay to Wells Fargo Bank, N.A., in its
capacity as provider of post-petition credit ("Post-petition
Lender"), a closing fee in the amount of $160,000: $60,000 of which
will be fully earned, due and payable immediately upon the entry of
this Order and $100,000 of which will be fully earned on the date
hereof but not be due and payable until March 16, 2018. However, if
the Aggregate Debt has been permanently repaid to an amount equal
to or less than $1,000,000 as of March 16, 2018, such second
portion of the Closing Fee will be waived.

      (d) The Post-petition Debt will mature and be due and payable
in full by Debtor on the Termination Date.

      (e) Each Guaranty and all related security documents will
remain in full force and effect. Each Guarantor is and will remain
liable for the guaranteed obligations under each such Guaranty, and
is authorized and directed to reaffirm the Guaranty and related
security documents in form and substance acceptable to Lenders,
including confirmation of each Guarantor's obligations to guaranty
repayment of Aggregate Debt up to $1,200,000 and waiver by
Guarantor of any defenses and counterclaims relating to the
Guaranty. Partland, LLC is authorized and directed to reaffirm its
joint and several liability under the Prepetition Documents and
directed to execute a guaranty of the Post-petition Debt and
related security documents in form and substance acceptable to
Post-petition Lender.

      (f) Wells Fargo Bank will have the right to establish and
maintain such Reserves against Positive Borrowing Availability as
Wells Fargo Bank, in its sole discretion, deem appropriate,
including, without limitation, the Reserves in existence or
scheduled to come into existence as of the Filing Date.

      (g) All "Control Agreements" in effect as of the Filing Date
will remain in full force and effect notwithstanding the entry of
the Order and any subsequent orders amending the Order, and will be
deemed to be in effect and apply to the Post-petition Lender and
the Post-petition Debt as well as the Prepetition Lender and the
Prepetition Debt.

      (h) All subordination agreements or other agreements
governing the relative rights or priorities of Prepetition Lender
with other creditors of Debtor, Partland, LLC, or the Guarantors
that were in effect as of the Filing Date will remain in full force
and such agreements will be deemed amended to provide Post-petition
Lender and the Post-petition Debt the same rights, priorities, and
obligations as applicable to Prepetition Lender and the Prepetition
Debt.

The Debtor acknowledged that as of the Petition Date, it was
indebted to Wells Fargo Bank, N.A. in the current aggregate
outstanding balance of approximately $10,106,684 under the
Revolving Facility and the Term Loan.  Wells Fargo is secured by a
first priority security interest in and lien upon all of the
Debtor's assets.

The final hearing is scheduled for January 30, 2018 at 9:30 a.m.

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

               http://bankrupt.com/misc/ncmb18-50018-60.pdf

                      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 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 Debtor disclosed total assets
of $13.17 million and total debt of $22.04 million.  

The case is assigned to Judge Lena M. James.  

The Debtor tapped Ashley S. Rusher, Esq., at Blanco Tackabery &
Matamoros, P.A., as counsel.

The Office of the U.S. Trustee on Jan. 22, 2018, appointed six
creditors to serve on the official committee of unsecured creditors
in the Chapter 11 case of Auto Supply Company.  The committee
members are: (1) Federal-Mogul Motorparts; (2) Standard Motor
Products; (3) Global Parts Distributors, LLC; (4) The Timken
Corporation; (5) US Pack Logistics; and (6) Cardone Industries,
Inc.


AVERY LAND: Has Court OK to Vote to Accept Affiliate Yucca's Plan
-----------------------------------------------------------------
Judge August B. Landis of the U.S. Bankruptcy Court for the
District of Nevada authorized Avery Land Group, LLC to vote to
accept the First Amended Plan of Reorganization dated Jan. 12,
2018, for its affiliate, Yucca Land Co., LLC.

A hearing on the Motion was held on Jan. 23, 2018 at 4:00 p.m.

The terms of the Order will be immediately effective and
enforceable upon its entry.

                      About Avery Land Group

Avery Land Group, LLC, has been in business since 2013 in the
development of agricultural land and planned residential
communities.

Kingman Farms parent company Avery Land Group, LLC, based in Las
Vegas, NV, filed a Chapter 11 petition (Bankr. D. Nev. Case No.
16-14995) on Sept. 9, 2016.  In the petition signed by Manager
James M. Rhodes, the Debtor estimated assets at $500,000 to $1
million and liabilities at $1 million to $10 million.  

The Hon. August B. Landis is the case judge.  

The Debtor tapped Brett A. Axelrod, Esq., at Fox Rothschild, LLP,
as bankruptcy counsel, and The Bach Law Firm, LLC, as conflicts
counsel.

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


BEAUFORT RESTAURANT: Seeks to Hire A & B Bookkeeping Services
-------------------------------------------------------------
Beaufort Restaurant Group, Inc., seeks approval from the U.S.
Bankruptcy Court for the District of South Carolina to hire a
bookkeeper.

The Debtor proposes to employ April Ackerman and her firm A & B
Bookkeeping Services to, among other things, provide tax and
financial advice regarding the continued management of its assets;
and assist in the preparation of financial reports.

Ms. Ackerman and her firm are "disinterested persons" as defined in
Section 101(14) of the Bankruptcy Code, according to court
filings.

A & B Bookkeeping can be reached through:

     April Ackerman
     A & B Bookkeeping Services
     1102 13th Street
     Port Royal, SC 29935

               About Beaufort Restaurant Group

Beaufort Restaurant Group, Inc. -- http://breakwatersc.com/-- is a
privately-held company in Beaufort, South Carolina, that operates
restaurants.  The company posted gross revenue of $1.97 million in
2016 and $2.70 million in 2015.

Beaufort Restaurant Group sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.S.C. Case No. 17-06310) on Dec. 19, 2017.
In the petition signed by Owner Elizabeth Ann Shaw, the Debtor
disclosed $24,280 in assets and $1.23 million in liabilities.
Judge John E. Waites presides over the case.  Philip Fairbanks,
Esq., P.C., serves as counsel to the Debtor.


BEAUFORT RESTAURANT: Taps Philip Fairbanks as Legal Counsel
-----------------------------------------------------------
Beaufort Restaurant Group, Inc., seeks approval from the U.S.
Bankruptcy Court for the District of South Carolina to hire Philip
Fairbanks, Esq., P.C., as its legal counsel.

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

Philip Fairbanks, Esq., will charge an hourly fee of $300 for his
services.  Paralegals will charge $100 per hour.

Mr. Fairbanks and his firm have no connection with the Debtor or
any of its creditors, according to court filings.

The firm can be reached through:

     Philip Fairbanks, Esq.
     Philip Fairbanks, Esq., P.C.
     1214 King Street
     Beaufort, SC 29902
     Tel: 843-521-1580
     Fax: 843-521-1590
     E-mail: chris@lowcountrybankruptcy.com

                    About Beaufort Restaurant

Beaufort Restaurant Group, Inc. -- http://breakwatersc.com/-- is a
privately-held company in Beaufort, South Carolina, that operates
restaurants.  The company posted gross revenue of $1.97 million in
2016 and $2.70 million in 2015.

Beaufort Restaurant Group sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.S.C. Case No. 17-06310) on Dec. 19, 2017.
In the petition signed by Owner Elizabeth Ann Shaw, the Debtor
disclosed $24,280 in assets and $1.23 million in liabilities.
Judge John E. Waites presides over the case.  Philip Fairbanks,
Esq., P.C., serves as counsel to the Debtor.


BEBE STORES: Neil Subin Has 9.2% Stake as of Jan. 12
----------------------------------------------------
Neil S. Subin reported to the Securities and Exchange Commission
that as of Jan. 12, 2018, he beneficially owns 1,046,394 shares of
common stock of bebe stores, inc., constituting 9.2 percent based
upon 11,433,013 Common Stock outstanding according to the Form 8-K
filed by the Issuer on Jan. 16, 2018.

Mr. Subin has succeeded to the position of president and manager of
MILFAM LLC, which serves as manager, general partner, or investment
advisor of a number of entities formerly managed or advised by the
late Lloyd I. Miller, III.  Mr. Subin also serves as trustee of a
number of Miller family trusts.

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

                      https://is.gd/bOjJrW

                     About bebe stores inc.

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

Manny Mashouf founded bebe stores, inc. and has served as chairman
of the Board since the Company's incorporation in 1976.  Mr.
Mashouf became the chief executive officer starting February 2016.

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

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

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


BILL BARRETT: BlackRock Has 12.7% Stake as of Dec. 31
-----------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, BlackRock, Inc. reported that as of Dec. 31, 2017, it
beneficially owns 12,359,488 shares of common stock of Bill Barrett
Corporation, constituting 12.7 percent of the shares outstanding.
A full-text copy of the regulatory filing is available for free at
https://is.gd/wYyERQ

                      About Bill Barrett

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

Bill Barrett reported a net loss of $170.4 million on $178.8
million of total operating revenues for the year ended Dec. 31,
2016, compared to a net loss of $487.8 million on $207.9 million of
total operating revenues for the year ended Dec. 31, 2015.  As of
Sept. 30, 2017, the Company had $1.33 billion in total assets,
$815.5 million in total liabilities and $515.01 million in total
stockholders' equity.

                           *    *    *

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


BILL BARRETT: Plans to Operate Three Rigs This Year
---------------------------------------------------
Bill Barrett Corporation posted on its Web site at
http://www.billbarrettcorp.com/an updated corporate presentation
describing corporate update and transaction highlights regarding
its prosposed business combination with Fifth Creek Energy.  The
company also provided preliminary 2018 outlook, including:

* Drilling and Completion Capital

    - Anticipate operating three rigs in 2018

    - 2018E capital expenditures of $500-$600 million

    - Capital will be allocated to the highest return inventory
      across the combined position

    - High degree of operational control and proximity of acreage
      blocks provides ability to opportunistically adjust capital
      deployment

* Production

    - Net sales production of 11-12 MMBoe (~65% oil)

* Actively manage hedge portfolio to support capital
  program, protect future cash flow and reduce commodity
  price risk

* Formal 2018 guidance anticipated to be issued post the closing
  of the Fifth Creek transaction

* 2018 activity to be internally funded through a combination of
  cash on hand and cash flow from operations

A copy of the presentation is available for free at:

                     https://is.gd/NNJ3Lq

                      About Bill Barrett

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

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

                           *    *    *

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


BINGHAM COUNTY SD: Moody's Affirms Ba1 General Obligation Rating
----------------------------------------------------------------
Moody's Investors Service has affirmed Bingham County School
District 55 (Blackfoot), Idaho's Ba1 General Obligation rating and
changed the outlook to negative from stable. This impacts
approximately $3.8 million in outstanding rated debt. Moody's
maintains the Aaa enhanced rating on the district's outstanding
bonds, reflecting the rating of the Idaho School Bond Credit
Enhancement Program.

RATINGS RATIONALE

The Ba1 rating reflects a continued weak operating position with
extremely narrow fund balance and liquidity across the operating
funds. The district continues to rely on cash-flow borrowing, which
would not be a credit weakness on its own, however the cash-flow
borrowing has been used to make debt service payments due to the
lack of segregation of debt service funds, which is a substantial
credit weakness. Additionally, the district is uncertain that it
will be able to obtain Revenue Anticipation Notes (RANs) from their
traditional provider for cash-flow needs in July 2018. The rating
further reflects evidence of improvement in fiscal years 2016 and
2017 and so far in the current fiscal year due to more conservative
budgeting, enrollment that has not declined for the first time
since 2011, and improved per-pupil state funding. The rating also
considers the modestly sized, rural tax base with below-average
wealth, a low debt burden with rapid amortization, and a more
moderate pension profile.

RATING OUTLOOK

The outlook is revised to negative, due to the district likely
requiring a RAN of approximately $500,000 in order to make a debt
service payment due before August 1, 2018. Without the RAN, the
district reports it will consider options to reduce expenses or
delay payments until property taxes and state aid are received by
August 15. Future reviews will focus on the district's ability to
manage cash flow or issue Revenue Anticipation Notes and fully pay
scheduled debt service.

FACTORS THAT COULD LEAD TO AN UPGRADE

- Material improvement in fund balance and liquidity

- Continued maintenance of at least structurally balanced
   finances

FACTORS THAT COULD LEAD TO A DOWNGRADE

- Decline in reserves or liquidity

- Inability to access capital markets, if needed

- Failure to maintain structural balance

LEGAL SECURITY

The bonds are secured by the district's full faith, credit and
unlimited property tax pledge.

PROFILE

Blackfoot School District is located 30 miles southwest of Idaho
Falls and 250 miles east of Boise, and comprises 5.5 square-miles,
including the City of Blackfoot, which is the county seat of
Bingham County. The district serves a total population of 21,916 in
a 5.5 square-mile service area. Operating 11 schools, the district
serves 3,800 students from kindergarten to 12th grade.

METHODOLOGY

The principal methodology used in this rating was US Local
Government General Obligation Debt published in December 2016.


BLACK SQUARE: Taps Crawford & Von Keller as Special Counsel
-----------------------------------------------------------
Black Square Financial, LLC, seeks approval from the U.S.
Bankruptcy Court for the Southern District of Florida to hire
Crawford & Von Keller, LLC as special counsel.

The firm will help the Debtor obtain court approval to purchase its
client's rights under a certain structured settlement agreement;
ensure the purchase complies with laws; and provide other necessary
legal services.

Theodore Von Keller, Esq., a partner at Crawford, has agreed to
represent the Debtor at a flat rate of $1,800 per court appearance,
plus costs.  In case approval of a settlement agreement is not
obtained after the initial court appearance and the attorney is
required to make another court appearance, Mr. Keller will charge
an additional flat fee of $900.

Mr. Keller disclosed in a court filing that his firm does not
represent any interest adverse to the Debtor's estate.

The firm can be reached through:

     Theodore Von Keller, Esq.
     Crawford & Von Keller, LLC
     1640 St. Julian Place
     Columbia, SC 29204
     Phone: 803-470-0459
     Fax: 803-790-1277

                  About Black Square Financial

Headquartered in Coral Springs, Florida, Black Square Financial,
LLC is a structured settlement firm that provides liquidity to its
clients by purchasing their right to receive future installment
payments awarded pursuant to a settlement agreement, or in the case
of clients that have previously purchased an annuity plan, the
right to receive future annual disbursements paid to the clients
pursuant to the annuity plan.

Black Square Financial filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 17-23562) on Nov. 8, 2017, estimating
assets of less than $500,000 and liabilities of less than $1
million.  

Judge John K. Olson presides over the case.  Philip J. Landau,
Esq., at Shraiberg Landau & Page PA, is the Debtor's bankruptcy
counsel.

On Jan. 4, 2018, the Debtor filed its proposed Chapter 11 plan of
reorganization.


BRUGNARA PROPERTIES: DOJ Watchdog to Appoint Chapter 11 Trustee
---------------------------------------------------------------
Judge Dennis Montali of the U.S. Bankruptcy Court for the Northern
District of California, in consideration of the Motion for
Appointment of Chapter 11 Trustee filed by Secured Creditor Secured
Creditor Dakota Note, LLC, has directed the United States Trustee
to appoint a chapter 11 trustee in the bankruptcy case of Brugnara
Properties VI promptly upon conferring with parties in interest,
subject to approval of the Court.

                 About Brugnara Properties VI

Brugnara Properties VI, a company San Francisco, California, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Calif. Case No. 17-30501) on May 22, 2017.  Katherine Brugnara,
president, signed the petition.  

At the time of the filing, the Debtor disclosed that it had
estimated assets and liabilities of $10 million to $50 million.  

Judge Hannah L. Blumenstiel presides over the case.

On Sept. 17, 2010, the Debtor sought bankruptcy protection (Bankr.
N.D. Cal. Case No. 10-33637), which case was converted to a Chapter
7 liquidation.  The Debtor filed another Chapter 11 case on Dec.
31, 2014 (Bankr. N.D. Cal. Case No. 14-31867), which has been
dismissed by a judge.

Ruth Elin Auerbach, Esq., who has an office in San Francisco,
California serves as the Debtor's legal counsel.


CARL SAYERS: Sets Bidding Procedures for Four Danbury Properties
----------------------------------------------------------------
Carl R. Sayers, doing business as Danbury Top Soil Co., and Suzanne
Sayers ask the U.S. Bankruptcy Court for the District of
Connecticut to authorize bidding procedures in connection with the
sale of substantially all properties in Danbury, Connecticut: (i)
7,9,13 Miry Brook Road aka Sugar Hollow Road; (ii) 25 Miry Brook
Road (Carl Sayers owns a 75% interest, but has been advised by his
son Carl Sayers II, that he will consent to the sale by the
Debtors' provided Carl Sayers II receives 25% of the net proceeds);
(iii) 38 Miry Brook Road; and (iv) 15 Miry Brook Road, at auction.

On May 9, 2017 the Court granted the retention of Keller Williams
Realty ("KW"), in connection with the marketing of the property
located at 7, 9 and 13 Miry Brook Road Property for sale with an
exclusive listing at the rate of 5% of the gross sale price of the
Property.

On June 29, 2017, the Debtors filed a supplemental application to
expand the retention of KW to include the marketing of additional
properties located at 15 Miry Brook Property.  

During the course of the case, the Debtors and their most
significant unsecured and secured creditors, engaged in a
collaborative effort that contemplated a marketing period for the
sale of the Property.  If the Property was not sold after the
marketing period, the parties agreed and it was represented to the
Court that the Debtors would seek to conduct an auction sale of the
Property.  The Debtors filed a plan of reorganization that
memorialized that process.  During the course of that process,
various objections were raised to the feasibility of the Plan.
After further discussion and agreement with the major parties of
the case and disclosure to the Court, the Debtors requested an
alternative path through an auction process following the
expiration of the marketing period.

Consistent with that understanding, the Debtors filed an initial
sale motion setting forth proposed bidding procedures on Nov. 9,
2017.  On Nov. 14, 2017, they filed an application to retain Aaron
Posnik & Co, Inc. as their auctioneer.  A status conference was
held on Nov. 15 wherein the bidding procedures were discussed and
the Court provided initial feedback regarding the proposed sale
process, where the Court wanted the auction to take place, and
other matters associated with the process.

The Debtors stated through counsel that the Debtors had been
relying on the auctioneer for much of the procedures that they had
outlined and had hoped to use him as their auctioneer, but did not
know if the auctioneer would assist the Debtors if the Court
definitively ruled that the auctioneer (Paul Scheer, the President
of Posnik) would essentially act more like a broker to assist the
sale process rather than as the auctioneer.  As Mr. Scheer was
unavailable to attend the status conference on Nov. 15, 2017 and,
given the upcoming Thanksgiving holiday, the Court directed that an
amended motion setting forth any new bid procedures be filed by
Dec. 1, 2017 with a continued hearing/status conference to be held
on Dec. 6, 2017.

After the status conference on Dec. 6, 2017, however, the Debtors
were informed that Mr. Scheer had decided that he was not going to
assist the Debtors with the auction because his wife passed away
from cancer on Dec. 10, 2017.  However, the Debtors subsequently
reached out to other individuals who might assist them with the
marketing of the Property.

On Dec. 29, 2017 the Debtors filed an application to retain
Absolute Auctions & Realty, Inc. ("AAR") as their broker to assist
in the marketing and sale of the Properties at an auction and to
help solicit and enhance interest in the Properties online and
through traditional media sources.  The Court held a status
conference on Jan. 8, 2018 to consider the bidding procedures for
the proposed auction and the applicants to retain AAR.  The Debtor
discussed the terms of several bidding procedures and the Court
directed an amended motion to address these revisions be filed by
Jan. 24, 2018.

On Jan. 9, 2018, the Court granted the application to retain AAR.
After marketing these properties without success and after
substantial good faith negotiations and collaboration with the main
creditors in the case, the Debtors have determined that it is in
the best interests of their estate to pursue a sale of all or
substantially all of their assets via an auction sale.

Subject to the provisions in the Motion, the Debtors had to propose
the Court conduct an auction of the Property within 50 days after
the order is entered approving bid procedures with an auction sale
of these properties serially in the order set forth free and clear
of all liens and interests with closings to be conducted within 35
days after approval of the sale of any property.

However, AAR has suggested that an auction on April 11, 2018 at 1
p.m. (or a date in that time frame) if possible versus the end of
March is preferable to maximize value by minimizing the potential
for smow to affect the auction date, to ensure that snow on the
Properties will have melted so that interested parties can more
fully view the extent of the Properties, to avoid potential
conflicts with family vacations near college spring break and
Easter and to take advantage of the spring thaw for market sales
(it is respectfully submitted that while spring begins on March 20,
real estate sales tend to heat up a little more as the outside
temperature increases).  That said, the Debtors will accept the
date that is selected by the Court.

If the Debtors are unable to reach an agreement with to the secured
creditors with liens on a particular property, and the highest bid
at Auction for a particular Property is insufficient to satisfy the
secured claims, costs of sale, the broker or auctioneer's
commissions and expenses, and certain other administrative
expenses, then the Debtors seek authority to not accept a proposed
bid for subsequent Court approval.

In addition, as the auction would be staggered so that each
property is sold separately and in series in the order set forth,
if the total proceeds achieved after each sale are sufficient to
satisfy all allowed claims and administrative claim in the case,
the Debtors would have the right to cancel all subsequent sales of
any remaining properties.

After the sales are concluded, the Court could then dismiss,
convert the case if there are insufficient proceeds to fund a plan,
or if there are funds available for distribution to creditors,
dismiss with a payment to all creditors holding allowed claims
following the appropriate priority scheme of the Bankruptcy Code or
an amendment to the plan and disclosure statement and allow the
Debtors to proceed to confirmation.

Alternatively, and if the Court finds or prefers that the Debtors
ask approval of an amended disclosure statement and confirmation
consistent with this proposed sale, the Debtors will promptly
prepare and file same.  Given the additional administrative costs
and the facts of the case and the active involvement of creditors
throughout, the Debtors respectfully posit that that is not
necessary, but they will abide by any order of the Court.

The Properties are presently subject to these liens:

     a. 7,9,13 Miry Brook Road, also known as Sugar Hollow Road:

          i. Mortgage to Newell Funding LLC ($1,700,000 - blanket
lien believed to have been paid off but not released - release is
being sought);

         ii. Department of Revenue Services Sales Tax Lien ($8,192
- blanket lien believed to be paid off per DRS but not released);

        iii. Mortgage to Ready Cap Lending ($2,110,443 as of
10/13/17 plus attorneys' fee and cost);

         iv. Tax Liens City of Danbury ($387,525 as of 12/31/17)

     b. 25 Miry Brook Road:

          i. Mortgage to Newtown Savings Bank ($253,184 as of
10/06/17)

         ii. Tax Liens City of Danbury ($2,071 as of 12/5/17)

        iii. Water Liens City of Danbury ($2,662 as of 12/5/17)

     c. 38 Miry Brook Road:

          i. Mortgage to Newell Funding, LLC ($1,700,000 - blanket
lien believed to have been paid off but not released - release is
being sought);

         ii. Mortgage to Deutsche Bank National Trust Co., As
successor for Soundview Home Loan Trust 2005-OPT4, Asset Backed
Certificates, Series 2005 OPT 4 - serviced by Ocwen ($317,583 as of
12/31/17);
         
        iii. Tax Liens City of Danbury ($2,035 as of 12/5/17)

     d. 15 Miry Brook Road:
         
          i. Mortgage to Newell Funding LLC ($1,700,000 - blanket
lien believed to have been paid off but not released - release is
being sought);

         ii. Department of Revenue Services Sales Tax Lien ($8,192
- blanket lien believed to be paid off per DRS but not released);

        iii. Tax Liens City of Danbury ($98,628 as of 12/5/17)

The salient terms of the Bidding Procedures are:

     a. The auctioneer will conduct the auction and pre-qualify the
bidders.  

     b. The Potential Bidder acknowledges that the Properties are
being sold "as is, where is" without any representations or
warranties, and free and clear of liens, claims, encumbrances, and
interests.

     c. Deposit: (i) 7, 9 and 13 Miry Brook - $50,000; (ii) 25 Miry
Brook - $25,000; (iii) 38 Miry Brook - $25,000; and 15 Miry Brook -
$25,000.

     d. Minimum Bids: (i) 7, 9 and 13 Miry Brook - $1,100,000; (ii)
25 Miry Brook - $270,000; (iii) 38 Miry Brook - $300,000; and (iv)
15 Miry Brook - $160,000.

     e. The Auction of the Properties will take place on a date to
be scheduled by the Court, which the Debtors propose to occur on 50
days from the date the Court enters an order approving the bidding
procedures for the sale.

     f. The Debtors also ask that bidding increments begin at
$15,000 for 7, 9 and 13 Miry Brook, and $3,000 for other
properties, subject to the Court or the Debtors requesting that the
bidding increments be increased or decreased at varying times of
the auction to spur or enhance competitive bidding.

     g. The Debtors have requested that the Sale Hearing take place
following the conclusion of the auction of the Properties.

     h. Internet Bidders will register similarly to live bidders
but will have their paperwork notarized, registering with the
website and for the auction on www.AARbids.com.  Once their
paperwork and funds are received, AAR will approve them for
bidding.  Bidders will have the ability to place absentee bids
online and/or bid live during the auction.

     i. Sale Hearing: The Debtors have requested that the Sale
Hearing take place following the conclusion of the auction of the
properties, at the Bankruptcy Court in New Haven.  Objections, if
any, to the Sale would be then required to be filed in the
Bankruptcy Court and served so as to be received by counsel to the
Debtors no later than one business day before the hearing by 4:00
p.m. (ET).

The Debtors notes that the minimum bid for each property is not the
strike price, i.e. the amount that each property will be sold for,
but has been established to maximize competitive bidding.  They've
engaged in discussions with counsel for Redicap, the City of
Danbury and Ocwen.  

With respect to 7, 9 and 13 Miry Brook, the Debtors will ask
approval of the highest and best bid that at the end of the auction
that is greater than the minimum bid with the proceeds to be paid
as follows: 11% of gross proceeds under $2 million will be carved
out for the benefit of the estate (i.e. conveyance taxes, allowed
auctioneer/broker fees, closing costs, allowed attorneys' fees, US
Trustee fees, etc.).  

For any amount received for this property above $2.1 million, the
carve out for the estate would increase to 39.5% (to account for
estimated fed and state taxes).  If the property sells for enough
to satisfy all secured claims on the property (after carveouts set
forth) the remaining proceeds would be retained by the estate.
After the carveouts, the proceeds would first be used to pay real
estate taxes and then to secured creditors (up to the allowed
amount of its claim) in full satisfaction of its claims.

With respect to 15 Miry Brook, the Debtors will sell that property
for the highest and best price realized from the auction sale that
exceeds the Minimum Bid.

With respect to 25 and 38 Miry Brook, they have a strike price that
will permit the sale of each property after taking into account the
balance of existing mortgage and liens and tax considerations.  The
Debtors only intend to seek approval of the highest and best bids
of these properties if they are each sufficient to pay off in full
the existing mortgage and liens on that property, estimated income
taxes and provide sufficient funds to pay conveyance taxes, allowed
auctioneer/broker fees, closing costs, allowed attorneys' fees
related to the sale and auction and US Trustee fees.

The Debtors also ask the right to adopt such other rules for the
Bidding Process that will better promote the goals of the Bidding
Process not inconsistent with the order of the Court.

Because the relief requested is essential to prevent continued and
irreparable harm to the Debtors and their estate, and is necessary
to implement the Auction, the Debtors submit that cause exists for
a waiver of the 14-day stay imposed by Bankruptcy Rule 6004(h) to
the extent applicable.

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

   http://bankrupt.com/misc/Carl_Sayers_305_Sales.pdf

                       About the Sayers

Carl Sayers is an army veteran, having served from 1962 to 1965.
He has since worked in a number of entrepreneurial roles and
presently operates his Danbury Top Soil business, a sole
proprietorship.  Suzanne Sayers had been employed in a number of
jobs and had been working for Danbury Top Soil but is now retired.

Carl R. Sayers and Suzanne Sayers sought Chapter 11 protection
(Bankr. D. Conn. Case No. 15-50870) on June 29, 2015.

Matthew K. Beatman, Esq., at Zeisler & Zeisler, P.C., serves as
counsel to the Debtors.  Keller Williams Realty is the Debtors'
broker.

On Jan. 9, 2018, the Court appointed Absolute Auctions & Realty,
Inc., as the Debtors' Broker.


CCHN GROUP: S&P Affirms 'B' CCR on Acquisition of DPN USA LLC
-------------------------------------------------------------
Scottsdale, Ariz.-based CCHN Group Holdings Inc. (dba Matrix
Medical Network), a provider of comprehensive health assessments
(CHAs), is acquiring DPN USA LLC and affiliates (dba HealthFair)
for $160 million with a mix of debt and equity. Matrix is seeking
to raise a $330 million senior secured credit facility to fund the
transaction as well as to refinance the existing credit facilities.
The facility consists of a $310 million first-lien term loan and a
$20 million revolver (undrawn at close).

S&P Global Ratings affirmed its 'B' corporate credit rating on CCHN
Group Holdings Inc. The outlook is stable.

At the same time, S&P assigned its 'B' issue-level rating and '3'
recovery rating to the company's new senior secured credit
facility. The '3' recovery rating indicates expectations for
meaningful (50%-70%; rounded estimate: 50%) recovery in the event
of a default.

The ratings affirmation reflects our view that the acquisition is a
modest positive, providing the company with greater scale and a
differentiated offering by adding HealthFair's "mobile clinic" CHA
to Matrix's traditional in-home CHA services. The acquisition is
also consistent with our expectation that Matrix will use tuck-in
acquisitions to increase its scale in the CHA market and diversify
into adjacent segments. The combined entity should also continue to
benefit from the structural tailwind of healthy growth in the MA
market as a whole.

S&P said, "The stable rating outlook on CCHN Group Holdings Inc.
reflects our view that the company will successfully manage through
the integration process, while generating annual discretionary cash
flow of about $30 million. It also reflects our expectation that
CMS will continue to support the use of data generated from in-home
health assessments to support risk adjustments, and that regulatory
changes will not adversely affect Matrix's business model. We
believe that the financial sponsor will prioritize business
expansion and diversification over deleveraging, and expect Matrix
to sustain leverage between 4x-5x."


CENTURYLINK INC: S&P Withdraws 'B' Short-Term Corp. Credit Rating
-----------------------------------------------------------------
S&P Global Ratings withdrew its 'B' short-term corporate credit
rating on Monroe, La.-based telecommunications provider CenturyLink
Inc. at the issuer's request.

  RATINGS LIST

  CenturyLink Inc.
   Corporate Credit Rating              BB/Negative/--

  Rating Withdrawn

  CenturyLink Inc.
                                        To        From
   Short-term corporate credit rating   NR        B


CHARMING CHARLIE: Committee Taps Benesch as Co-Counsel
------------------------------------------------------
The official committee of unsecured creditors of Charming Charlie
Holdings Inc. seeks approval from the U.S. Bankruptcy Court for the
District of Delaware to hire Benesch, Friedlander, Coplan & Aronoff
LLP.

Benesch will serve as co-counsel with Cooley LLP, the firm tapped
by the committee to be its lead bankruptcy counsel in the Chapter
11 cases filed by Charming Charlie and its affiliates.

The firm's hourly rates range from $415 to $585 for partners, $270
to $370 for associates and $230 to $285 for paraprofessionals.  The
primary attorneys and paralegal who will represent the committee
are:

     Jennifer Hoover       Partner       $545
     Kevin Capuzzi         Associate     $370
     Lou Anne Molinaro     Paralegal     $285

Jennifer Hoover, Esq., a partner at Benesch, disclosed in a court
filing that her firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

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

Ms. Hoover also disclosed that the firm did not represent the
committee prior to the petition date and that the committee has
already approved its prospective budget and staffing plan for the
period Dec. 21, 2017 to March 31, 2018.   

Benesch can be reached through:

     Jennifer R. Hoover, Esq.
     Benesch, Friedlander, Coplan & Aronoff LLP
     222 Delaware Avenue, Suite 801
     Wilmington, DE 19801
     Tel: 302.442.7006
     Fax: 302.442.7012
     Email: jhoover@beneschlaw.com

                  About Charming Charlie Holdings

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

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

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

Kirkland & Ellis LLP serves as the Debtors' legal counsel.  The
Debtors hired Klehr Harrison Harvey Branzburg LLP as their local
counsel; AlixPartners LLP as restructuring advisor; Guggenheim
Securities, LLC as investment banker; Rust Consulting/OMNI
Bankruptcy as claims and noticing agent; Joele Frank, Wilkinson
Brimmer Katcher as communications consultant; A&G Realty Partners,
LLC as real estate advisor; and Hilco Merchant Resources LLC as
exclusive agent.

On December 19, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee retained
Cooley LLP as lead counsel; Benesch, Friedlander, Coplan & Aronoff
LLP as co-counsel; and Zolfo Cooper, LLC as its financial advisor.


CHARMING CHARLIE: Committee Taps Cooley as Lead Counsel
-------------------------------------------------------
The official committee of unsecured creditors of Charming Charlie
Holdings Inc. seeks approval from the U.S. Bankruptcy Court for the
District of Delaware to hire Cooley LLP as its lead counsel.

The firm will assist the committee in negotiations with the company
and its affiliates on any proposed bankruptcy plan or exit
strategy; assist in the Debtors' efforts to reorganize or sell
their assets; review financial and operational information
furnished by the Debtors to the committee; and provide other legal
services related to the Debtors' Chapter 11 case.

The attorneys and paralegal expected to represent the committee and
their hourly rates are:

     Cathy Hershcopf         Partner            $1,055
     Seth Van Aalten         Partner              $885
     Michael Aaron Klein     Special Counsel      $850
     Sarah Carnes            Associate            $595
     Evan Lazerowitz         Associate            $525
     Mollie Canby            Paralegal            $240

Seth Van Aalten, Esq., at Cooley, disclosed in a court filing that
his firm is a "disinterested person" as defined in section 101(14)
of the Bankruptcy Code.

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

Cooley did not represent the committee in the 12 months prior to
the petition date and that the committee has already approved the
firm's prospective budget and staffing plan for the period December
19, 2017 to March 31, 2018, according to Mr. Van Aalten.

The firm can be reached through:

     Seth Van Aalten, Esq.
     Cooley LLP
     The Grace Building
     1114 Avenue of the Americas, 46th Floor
     New York, NY 10036-7798
     Phone: +1 212 479 6104  
     Fax: +1 212 479 6275  
     Email: svanaalten@cooley.com

                  About Charming Charlie Holdings

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

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

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

Kirkland & Ellis LLP serves as the Debtors' legal counsel.  The
Debtors hired Klehr Harrison Harvey Branzburg LLP as their local
counsel; AlixPartners LLP as restructuring advisor; Guggenheim
Securities, LLC as investment banker; Rust Consulting/OMNI
Bankruptcy as claims and noticing agent; Joele Frank, Wilkinson
Brimmer Katcher as communications consultant; A&G Realty Partners,
LLC as real estate advisor; and Hilco Merchant Resources LLC as
exclusive agent.

On Dec. 19, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee retained
Cooley LLP as lead counsel; Benesch, Friedlander, Coplan & Aronoff
LLP as co-counsel; and Zolfo Cooper, LLC as its financial advisor.


COBALT INT'L: Committee Taps Conway MacKenzie as Financial Advisor
------------------------------------------------------------------
The official committee of unsecured creditors of Cobalt
International Energy, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to retain Conway
MacKenzie, Inc., as its financial advisor.

The firm will assist the Committee in analyzing and monitoring of
the restructuring process; review financial information and
analysis of the assets prepared by Cobalt and its affiliates;
prepare information necessary for the formulation of a bankruptcy
plan; review certain tax-related issues; and provide other services
related to the Debtors' Chapter 11 cases.

CM professionals will be billed at their respective standard hourly
rates for 2018, which range from $465 (senior associate) to $1,085
(senior managing director).  CM will be reimbursed for its
reasonable and necessary out -of-pocket expenses (which will be
charged at cost) incurred in connection with this engagement, such
as travel, lodging, duplicating, research, messenger and telephone
charges.  CM will charge for these expenses at rates consistent
with charges made to other CM clients, and subject to the
guidelines of the United States Trustee.

John Young, senior managing director of Conway, disclosed in a
court filing that his firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

Conway can be reached through:

     John T. Young, Jr.
     Conway MacKenzie, Inc.
     1301 McKinney Street, Suite 2025
     Houston, TX 77010
     Phone: 713.650.0500 / 713.650.0502
     E-mail: JYoung@ConwayMacKenzie.com

                    About Cobalt International

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

Cobalt International Energy, Inc., and five of its subsidiaries
filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 17-36709) on Dec.
14, 2017.  In the petition signed by CFO David D. Powell, Cobalt
disclosed total assets of $1.69 billion and total debt of $3.16
billion as of Sept. 30, 2017.

The Debtors hired Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel; Houlihan Lokey
Capital, Inc., as financial advisor and investment banker; and
Kurtzman Carson Consultants LLC as claims and noticing agent.

An official committee of unsecured creditors has been appointed in
the Debtors' cases.  The Committee tapped Pachulski Stang Ziehl &
Jones LLP as lead counsel; Snow Spence Green LLP as local counsel;
and Conway MacKenzie, Inc., as its financial advisor.


COBALT INT'L: Committee Taps Pachulski as Lead Counsel
------------------------------------------------------
The official committee of unsecured creditors of Cobalt
International Energy, Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to hire Pachulski Stang
Ziehl & Jones LLP as lead counsel.

The firm will advise the committee regarding its duties under the
Bankruptcy Code; represent the committee in its consultations with
the company and its affiliates; review any proposed asset sale and
financing arrangement; investigate the Debtors' business operations
and financial condition; assist in the preparation of a bankruptcy
plan; and provide other legal services related to the Debtors'
Chapter 11 cases.

The firm's standard hourly rates are:

                            2017 Rates        2018 Rates
                            ----------        ----------
     Partners            $625 - $1,245     $650 - $1,295
     Of Counsel            $575 - $995     $595 - $1,025
     Associates            $450 - $595              $495
     Paraprofessionals     $275 - $350       $295 - $395

Pachulski and its attorneys do not represent any interest adverse
to that of the committee, according to court filings.

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

Pachulski can be reached through:

     Robert J. Feinstein, Esq.
     Pachulski Stang Ziehl &, Jones LLP
     780 Third Avenue, 34th Floor
     New York, NY 10017
     Tel: 212.561.7700
     Email: rfeinstein@pszjlaw.com

                    About Cobalt International

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

Cobalt International Energy, Inc., and five of its subsidiaries
filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 17-36709) on Dec.
14, 2017.  In the petition signed by CFO David D. Powell, Cobalt
disclosed total assets of $1.69 billion and total debt of $3.16
billion as of Sept. 30, 2017.

The Debtors hired Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel; Houlihan Lokey
Capital, Inc., as financial advisor and investment banker; and
Kurtzman Carson Consultants LLC as claims and noticing agent.

An official committee of unsecured creditors has been appointed in
the Debtors' cases.  The Committee tapped Pachulski Stang Ziehl &
Jones LLP as lead counsel; Snow Spence Green LLP as local counsel;
and Conway MacKenzie, Inc., as its financial advisor.


COBALT INT'L: Committee Taps Snow Spence as Local Counsel
---------------------------------------------------------
The official committee of unsecured creditors of Cobalt
International Energy, Inc., seeks approval from the U.S. Bankruptcy
Court for the Southern District of Texas to hire Snow Spence Green
LLP.

The firm will provide legal services to the committee as local
bankruptcy counsel in connection with the Chapter 11 cases filed by
Cobalt and its affiliates.

The firm's standard hourly rates are:

     Phil Snow             $650
     Kenneth Green         $600
     Blake Hamm            $450
     Bryan Prentice        $325
     Paraprofessionals     $125

Kenneth Green, Esq., a partner at Snow Spence, disclosed in a court
filing that his firm does not represent any entity having an
adverse interest in connection with the Debtors' cases.

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

The firm can be reached through:

     Kenneth Green, Esq.
     Snow Spence Green LLP
     2929 Allen Parkway, Suite 2800
     Houston, TX 77019
     Phone: (713) 335-4800

                    About Cobalt International

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

Cobalt International Energy, Inc., and five of its subsidiaries
filed voluntary petitions for relief under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 17-36709) on Dec.
14, 2017.  In the petition signed by CFO David D. Powell, Cobalt
disclosed total assets of $1.69 billion and total debt of $3.16
billion as of Sept. 30, 2017.

The Debtors hired Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel; Houlihan Lokey
Capital, Inc., as financial advisor and investment banker; and
Kurtzman Carson Consultants LLC as claims and noticing agent.

An official committee of unsecured creditors has been appointed in
the Debtors' cases.  The Committee tapped Pachulski Stang Ziehl &
Jones LLP as lead counsel; Snow Spence Green LLP as local counsel;
and Conway MacKenzie, Inc., as its financial advisor.


COMPUWARE CORP: S&P Affirms 'B' Rating on First-Lien Term Loan
--------------------------------------------------------------
S&P Global Ratings affirmed its 'B' issue rating, with a recovery
rating of '3', on Detroit–based mainframe software products
company Compuware Corp.'s first-lien term loan after the company
announced a leverage-neutral debt exchange. The '3' recovery rating
reflects S&P's expectation for meaningful (50%-70%; rounded
estimate: 50%) recovery of principal in the event of a payment
default.

S&P said, "Our 'B' corporate rating and stable outlook on the
company remain unchanged. We expect to withdraw the issue-level
rating on Compuware's second-lien term loan after it is paid in
full, partially by proceeds raised from the incremental increase of
Compuware's first-lien term loan."

Compuware will increase its first-lien term loan by $45 million to
nearly $1.6 billion, draw $25 million upon its existing $100
million revolving credit facility, and use about $12 million in
cash on hand to repay the outstanding $80 million on its
second-lien term loan as well as any transaction-related expenses.

"Our ratings reflect our expectation that the firm's EBITDA will
moderately improve over the coming year, driven by an increasingly
recurring revenue base and growth prospects in the application
performance management (APM) market. Our stable outlook reflects
our expectation that a resumption of growth in APM revenues and
continued moderation of declines in mainframe revenues will enable
it to generate modest revenue growth over the next year. In
addition, we expect the company to maintain positive free operating
cash flow in excess of $100 million."

RATINGS LIST

  Compuware Corp.
   Corporate Credit Rating           B/Stable/--

  Rating Affirmed; Recovery Rating Unchanged

  Compuware Corp.
   First-Lien Term Loan              B
    Recovery Rating                  3 (50%)


CONDO 64: Can Continue Using Cash Collateral through Feb. 23
------------------------------------------------------------
The Hon. James J. Tancredi of the U.S. Bankruptcy Court for the
District of Connecticut has entered an Eighteenth Order authorizing
Condo 64, LLC, to use cash collateral in the ordinary course of its
business up to the maximum amount of $51,145 to be disbursed for
payment of the expenses set forth on the 30 day budget through Feb.
23, 2018.

A final hearing on the Debtor's use of cash collateral will be held
on Feb. 15, 2018, at 2:00 p.m.

As adequate protection to American Eagle Financial Credit Union for
the Debtor's use of cash collateral and for any diminution in the
collateral, American Eagle is granted, nunc pro tunc to the
Petition Date:

   (a) A continuing post-petition lien and security interest in all
prepetition property of the Debtor as it existed on the Petition
Date, of the same type against which Secured Creditor held validly
protected liens and security interests as of the Petition Date;
and

   (b) A continuing post-petition lien in all property acquired by
the Debtor after the Petition date. The Replacement Liens shall
maintain the same priority, validity and enforceability as Secured
Creditor’s liens on the initial Collateral and shall be
recognized only to the extent of any diminution in the value of the
Collateral resulting from the use of Cash Collateral pursuant to
this Order. The validity, enforceability, perfection and priority
of the Replacement Liens shall not be subject to the equities of
the case exception to § 552(b) of the Bankruptcy Code and shall
not depend upon filing, recordation, or any other act required
under applicable state or federal law, rule or regulation.

   (c) As further adequate protection to Secured Creditor, the
Debtor is authorized to pay to Secured Creditor the sum of seven
thousand five hundred dollars for the month of December, which
payment shall satisfy the Debtor’s obligation under Section
362(d)(3)(B) of the Bankruptcy Code during the Cash Collateral
Usage Period (as defined below).

The liens of American Eagle and any replacement thereof pursuant to
the Eighteenth Order, and any priority to which American Eagle may
be entitled or becomes entitled under Section 507(b) of the
Bankruptcy Code, will be subject to and subordinate to:

           (i) amounts payable by the Debtor under § 1930(a)(6) of
Title 28 of the United States Code;

          (ii) amounts due and owing to the Debtor's employees or
contract labor for post-petition wages or services which accrue
during the term of this Order, and

         (iii) for the allowed fees and expenses of Debtor's
retained counsel, Halloran & Sage, LLP, Kevin Mason, Esq., and
accountants (collectively, "Debtor's Professionals"), in an amount
not to exceed seventy-five thousand dollars ($75,000.00), to be
paid from proceeds of Secured Creditor's collateral in the event
allowed administrative fees of Debtor’s Professionals are not
paid or available from cash on hand from the Debtor’s operations,
or from the sale or refinance of the Debtor’s property.

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

         http://bankrupt.com/misc/Condo64CC18Order.pdf

                      About Condo 64 LLC

Condo 64, LLC, a single asset real estate under 11 U.S.C. Sec.
101(51B), is the owner of 67 of the 112 condominium units and the
leases and rents in connection therewith at the location known as
505-509 Burnside Avenue, East Hartford, Connecticut.

Condo 64 filed a Chapter 11 petition (Bankr. D. Conn. Case No.
15-21797) on Oct. 16, 2015.  In the petition signed by Managing
Member Oliver C. Pinkard, the Debtor disclosed total assets at $4.6
million and total liabilities at $3.1 million at the time of the
filing.

The case is assigned to Judge Ann M. Nevins.

The Debtor hired Kaitlin M. Humble, Esq., and Craig I. Lifland,
Esq., at Halloran & Sage LLP, as bankruptcy counsel; and MAC
Commercial Financing Inc. as mortgage broker.

No trustee, examiner or creditors' committee has been appointed in
the case.


CONDOMINIUM ASSOCIATION: Lynnhill Properties Selling for $14.5M
---------------------------------------------------------------
The Condominium Association of The Lynnhill Condominium asks the
U.S. Bankruptcy Court for the District of Maryland to authorize its
bidding procedures in connection with the sale of the real estate,
amenities and improvements (including residential units) located at
3103 and 3107 Good Hope Avenue, Temple Hills, Maryland to AHH16
Development, LLC, for $14.5 million, subject to overbid.

The Debtor is an unincorporated condominium association owning and
controlling the Property.  The Debtor was to be funded by monthly
condominium fees collected from residents of the Property.  Its
ability to collect condominium fees from residents became
increasingly difficult over the years affecting its ability to pay
for property insurance and utilities, and preventing it from making
necessary repairs and capital improvements to the Property.  

As a result, the Property's condition deteriorated significantly,
to the point that utilities were terminated on more than one
occasion, and by mid-2017 the Property was approximately 40%
vacant.  Prince George's County eventually found the Property
uninhabitable and threatened condemnation.  By the fall of 2017,
utilities were conclusively terminated and the Property was
completely vacated and abandoned.

To address the issues confronting the Debtor, the County and other
parties in interest, on Oct. 4, 2017, the Circuit Court for Prince
George's County entered a judgment and order authorizing the Debtor
to, among other things, (i) conduct a sale process and convey the
Property, including through the chapter 11 bankruptcy process; (ii)
engage professionals, including real estate brokers and advisors,
to assist the Debtor in consummating a sale of the Property; and
(iii) encumber the Property with first-priority liens to obtain
financing to pay for insurance and the expenses associated with
documenting, seeking bankruptcy court approval of, and closing the
sale of the Property.

On Sept. 24, 2017, after interviewing approximately a half-dozen
brokers, the Debtor agreed to retain Transwestern as real estate
broker to develop and implement a marketing and sale process to
obtain the highest and best offer for the Property.  Transwestern
launched a vigorous marketing process following its engagement by
the Debtor.  Transwestern received nine initial offers ranging from
$1 million to $13.2 million; in the final round of bidding, it
received five offers ranging from $7 million to $13.2 million.

AHH's offer was the best and highest offer at $13.2 million
(subject to, among other things, title unification and confirmation
of a plan providing for the free-and-clear sale of the Property),
with a commitment to advance $400,000 pre-petition to fund expenses
related to the Property and the commencement of the case, and to
provide the DIP financing to underwrite the chapter 11
plan-confirmation and sale process.

Following completion of a 10-day due diligence period (which no
other bidder agreed to), on Dec. 18, 2017, AHH and the Debtor
executed the Amended Commitment Letter memorializing both AHH's
offer to purchase the Property and agreement to serve as the
Debtor's pre- and post-petition secured lender.

If the Court ordered an auction of the Property, then the Debtor
and AHH agreed, in the Commitment, that the auction would be
conducted pursuant to a Bid Procedures Order," that would provide
for, among other things:

     a. qualified competing bidders (i) using the form of AHH's bid
documents, (ii) being bound to their bid in the same fashion as AHH
without material deviation, and (iii) complying with the bidding
strictures in the order approving the Motion and establishing
bidding procedures;

     b. a break-up fee and expense reimbursement totaling
$800,000;

     c. an initial overbid of $250,000; and

     d. subsequent incremental bids of $150,000.

Immediately upon execution of the Commitment, AHH funded a $400,000
pre-petition loan to the Debtor, which enabled it to pay for
insurance (which had lapsed a year earlier), and security and
winterization services for the Property.  Loan proceeds were also
used to pay (a) Pillsbury's retainer so that the substantial work
necessary to present this case to the Court in an appropriate
manner could be undertaken, (b) KCC's retainer (to ensure thorough
and reliable service on creditors, unit owners and parties in
interest, and (c) the chapter 11 filing fee.

On Jan. 10, 2018, the Debtor and AHH entered into the Purchase and
Sale Agreement which also addresses the potential for a
Court-ordered auction of the Property.

The salient terms of the sale procedures are:

     a. Hearing to approve Motion: Jan. 31, 2018 at 10:00 a.m.
(EST)

     b. The obligations of each Party to consummate the
transactions contemplated by the Agreement will be subject to entry
of the Sale Order Feb. 13, 2018.  Notwithstanding the agreement and
intentions of the Parties, if the Seller is ordered by the Court to
engage in another auction process after the Petition Date and to
solicit competing bid proposals, then the Seller will seek approval
from the Court of the procedures and bid protections for the
Purchaser, who for such purpose will be treated as the "stalking
horse."  

     c. Break-Up Fee: $600,000

     d. Expense Reimbursement: $200,000

     e. Bid Deadline: No later than the deadline for submitting an
Alternative Transaction agreed to by the parties and approved by
the Court

     f. Initial Bid: A firm bid of at least $250,000 in excess of
the Purchase Price plus the Break-Up Fee plus the Expense
Reimbursement

     g. Deposit: A cash deposit in an amount equal to the Deposit
plus the Break-Up Fee plus the Expense Reimbursement, to be
deposited with the Seller on or before the Bid Deadline, or
$250,000

     h. The Purchaser will be entitled to credit bid the Bankruptcy
Funding Commitment against the purchase price reflected in such
Qualified Bid.

     i. Service of Notice of Bid Procedures: Feb. 2, 2018
    
     j. Deadline for qualified bid packages: Feb. 16, 2018 at 5:00
p.m. (EST)

     k. Auction: The Auction will be conducted at the offices of
Pillsbury Winthrop Shaw Pittman LLP on Feb. 19, 2018, commencing at
10:00 a.m. (EST), and continuing from day to day if necessary until
completed.

     l. Bid Increments: $150,000

     m. Approval of Sale Pursuant to the Plan: Feb. 27, 2018 at
10:00 a.m. (EST)

     n. Objection Deadline: Feb. 20, 2018 at 4:00 p.m. (EST)

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

      
http://bankrupt.com/misc/Condominium_Association_93_Sales.pdf

The qualified bid packages will include: i. proof of available cash
funds (no financing) to close by March 14, 2018; (ii) no study or
due diligence period; (iii) the PSA and all transaction document
conforming to that on record with the Court for AHH, with all
changes shown in redline; (iv) agreement to substitute as co-plan
proponent under the Plan at the Feb. 27, 2018 confirmation hearing;
(v) agreement to immediately replace the existing DIP Loan (on
existing terms and documents) if AHH calls the DIP Loan in
accordance with the terms of the DIP Loan; (vi) binding offer to
purchase must remain open through the earlier of a closing on a
sale of the Property and March 25, 2018 (and must close on 5
business days; notice if selected as the backup bidder(s)); (vii)
deposit of $250,000 held in escrow until binding offer is
terminated or applied to purchase price at closing.

On the Petition Date, the Debtor sought the Court's approval of the
PSA by way of confirmation of the Debtor and AHH's joint chapter 11
plan.  

The Court graciously held expedited hearings on the Debtor's "first
day" motions on Jan. 12, 2018.  With modifications from the Court,
all motions were approved from the bench, with orders being entered
the following week.  Importantly, the Court approved the Debtor's
DIP Loan on an interim basis.  And, it approved procedures for
filing claims and soliciting votes on the Plan.  Since entry of
these orders, AHH has fulfilled its commitment to advance $450,000
under the DIP Loan, and the Debtor has served and delivered
claim-filing and solicitation packages to all known creditors and
unit owners.

As reported to the Court at the Jan. 12, 2018 hearing, the counsel
for Dragone Realty, LLC contacted the Debtor's counsel on the
evening of Jan. 11, 2018 to express its interest in purchasing the
Property.  Shortly before the January 12 hearing, Dragone filed a
limited objection to the Debtor's request for conditional approval
of the disclosure statement.  Mr. Bezalel Stern appeared at the
hearing on the record on behalf of Dragone.  The Court denied
Dragone's limited objection.

On Jan. 16, 2018, Dragone sent a marked-up version of the PSA to
the Debtor, offering to purchase the Property for a nominal amount
more than AHH'offer; though not satisfying the bidding requirements
had the Debtor been in auction mode.  After additional email
exchanges between respective counsel, Dragone increased its offer
to purchase the Property for $14,250,000.  AHH responded by
increasing the purchase price under the PSA by $250,000 (to
$13,450,000).  Altogether, including the $600,000 break-up fee and
$200,000 expense reimbursement, AHH's increased offer totaled
$14,250,000 and matched the then-pending offer by Dragone.  The
Debtor promptly reported all of these events to the Court in its
Notice of Post-Petition Written Offers for the Property and Related
Developments, filed with the Court on Jan. 18, 2018.

On Jan. 19, 2018, Dragone filed a revised PSA containing an offer
to purchase the Property for as much as $14.5 million.  If
accepted, this offer is $250,000 higher than the price under the
amended PSA.  The $600,000 Break-Up Fee would be paid to AHH, as
well as up to $200,000 of the Expense Reimbursement.  

That same day, in response to the Notice of Post-Petition Offers,
the Court advised the parties of its availability to conduct a
status conference on Jan. 22, 2018, if desired by the parties.  The
counsel for each party responded with their respective
availability.  The Debtor also filed the Debtor's Supplemental
Notice Regarding Post-Petition Written Offers for the Property and
Related Developments with the Court indicating, among other things,
its intention to honor the Break-Up Fee and Expense Reimbursement,
take all bids seriously, and follow any order to conduct a chapter
11 auction for the Property in an effort to sell the Property for
the highest price.

On Jan. 20, 2018, the Debtor and its counsel participated in a
community meeting attended by approximately 60 unit owners and Mr.
Gregory R. Singleton, the counsel for the unit owners.  The unit
owners share the Debtor's desire to sell the Property for the
highest possible price.

While the Debtor will continue to ask confirmation of the Plan, the
Debtor submits the Motion to approve the Break-Up Fee and Expense
Reimbursement (and other terms that apply in chapter 11 auctions)
if the Court orders a chapter 11 auction to be held.  The Debtor
has consulted with AHH, and understands that AHH supports its
request.

The Debtor respectfully asks the Court to designate AHH as the
"stalking horse" for the purchase of the Property by approving the
Break-Up Fee and the Expense Reimbursement.  It further asks the
Court to declare Dragone a qualified bidder, bound to purchase the
Property for $14.5 million (subject to Dragone making a higher bid
at the auction).

              About The Condominium Association
                 of The Lynnhill Condominium

The Condominium Association of the Lynnhill Condominium is an
unincorporated condominium association that is in possession of the
Lynnhill Apartments, two 7-story buildings located at 3103 and 3107
Good Hope Avenue, Temple Hills, Maryland 20748.  The Property has
219 units, a parking lot and common areas.  

The Property's condition has deteriorated significantly in recent
years, to the point that utilities were terminated on more than one
occasion, by mid-2017 the Property was approximately 40% vacant,
and by the fall of 2017, utilities were conclusively terminated and
the balance of the units were vacated and abandoned. Prince
George's County has determined that the Property is uninhabitable
and has threatened to condemn the Property because it is a threat
to the public and a burden to the county.  Between the spring of
2016 and approximately Dec. 18, 2017, the Property was uninsured
because of the Debtor's dire financial situation.  

The Debtor previously sought bankruptcy protection on July 2, 2014
(Bankr. D. Md. Case No. 14-20607) and April 28, 2010 (Bankr. D. Md.
Case No. 10-19462).

The Condominium Association of the Lynnhill Condominium, based in
Temple Hills, MD, recently filed a Chapter 11 petition (Bankr. D.
Md. Case No. 18-10334) on Jan. 10, 2018.  In the petition signed by
Acting President Stanley Briscoe, the Debtor estimated $0 to
$50,000 in assets and $1 million to $10 million in liabilities.  

The Hon. Wendelin I. Lipp presides over the new case.  

Patrick John Potter, Esq., at Pillsbury Winthrop Shaw Pittman, LLP,
serves as bankruptcy counsel to the Debtor.  Kurtzman Carson
Consultants LLC, is the Debtor's claims, noticing and balloting
agent.


CONDOMINIUM ASSOCIATION: May Obtain $450,000 in DIP Financing
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Maryland has entered
an interim order authorizing The Condominium Association of The
Lynnhill Condominium to obtain from AHH16 Development, LLC or its
designee $450,000 of the debtor-in-possession financing.

The final hearing on the Debtor's request is set for Jan. 31, 2018,
at 10:00 a.m. (prevailing Eastern Time).  Any party in interest
objecting to the DIP Loan on a final basis and the entry of the
final court order will file written objections by 4:00 p.m.
(prevailing Eastern Time) on Jan. 24, 2018.

The DIP Lender has agreed to make a loan to the Debtor in the
principal amount of $1.25 million, consisting of $850,000 in
principal of new money and a $400,000 (in principal) roll-up of the
prepetition advance, including up to $75,000 of AHH's fees and
expenses incurred in connection with the DIP Loan, the purchase of
the Debtor's property or this case and any claim (arising from the
Debtor's default and a breach) under the purchase and sale
agreement between the Debtor and AHH.

The Debtor says that, as of the Petition Date, (i) AHH holds a
$400,000 perfected first-priority secured claim against the Debtor
for a prepetition loan advanced (made on or about Dec. 18, 2017) to
the Debtor under the commitment that is secured by valid,
enforceable and perfected first-priority liens on the Property;
(iii) the Debtor believes there are liens on the Property,
including certain units, held by various lienholders, but (subject
to obtaining the results of title work that the Debtor represents
is underway) does not know the identity of, or amounts that may be
due, existing lienholders; and (iii) the Property constitutes
substantially all of the Debtor's assets.

The Debtor has an immediate need to obtain the DIP Loan.  Without
the DIP Loan, the Debtor does not have sufficient capital to pay
for the expenses associated with preserving the Property and
administering this case.  The Debtor's ability to pay for security,
winterization and maintenance of the Property is essential to the
Debtor's ability to close on the sale of the Property to AHH.  The
purpose of the DIP Loan will thus be to preserve and maintain the
Property and effectuate a court-approved sale of the Property
pursuant to the Chapter 11 plan.

Given the Debtor's financial condition, the Debtor does not have
sufficient capital to fund the expenses associated with preserving
the Property, administering this case and closing on a sale of the
Property.  The Debtor is also unable to obtain unsecured credit
allowable under Section 503(b)(1) of the Bankruptcy Code as an
administrative expense.  Financing on a post-petition basis is not
available without the Debtor's granting, pursuant to Section
364(c)(1) of the U.S. Bankruptcy Code, claims having priority over
any and all administrative expenses of the kinds specified in
Sections 503(b) and 507(b) of the Bankruptcy Code, and securing
such indebtedness and obligations with the security interests in
and the liens on the DIP Collateral pursuant to Section 364(c) and
(d) of the Bankruptcy Code.  Additionally, the Debtor's only
alternative offer for post-petition financing was on terms more
onerous than those offered by the DIP Lender under the DIP Loan.
Consequently, the Debtor is unable to obtain post-petition
financing on terms more favorable than those provided by the DIP
Loan.

The Debtor is unable to obtain an unsecured credit facility
allowable under Section 503(b)(1) of the Bankruptcy Code and must
grant the DIP Lender a Superpriority Administrative Expense Claim
pursuant to Section 364(c)(1) of the Bankruptcy Code (subject to
the carveout).

The DIP Lender has conditioned all loans and advances to be made
under the DIP Loan on obtaining: (a) a Superpriority Administrative
Expense Claim pursuant to section 364(c)(1) of the Bankruptcy Code
with priority over any and all expenses of any kind or nature
whatsoever specified in Sections 503(b) and 507(b) of the
Bankruptcy Code (other than the Carveout), including the Junior
Superpriority Administrative Expense Claims; and (b) in accordance
with Section 364(c)(2) and (d) of the Bankruptcy Code, the senior
priming liens on and security interests in the DIP collateral.

In consideration for the DIP Loan, the Debtor is authorized and
directed, without further order of the Court, to pay all fees and
charges and to reimburse the DIP Lender for all reasonable
out-of-pocket expenses and professional fees, subject to a $75,000
cap; provided, however, that if the Property is sold to the DIP
Lender as anticipated, than all DIP Claims shall be credited
against the purchase price.

As security for the full and timely payment of the DIP Claims, the
DIP Lender is granted pursuant to Section 364(c)(2) and (d) of the
Bankruptcy Code, senior, perfected priming liens on, and security
interests in, all of the DIP collateral.  Upon entry of the final
court order, the senior priming liens will be senior in priority to
security interests and liens securing any indebtedness or other
obligations owing under any prepetition loan and security
agreements and other liens, including any liens of the existing
lienholders.  Upon entry of the final court order, the senior
priming liens will not be subject to challenge, but instead will
attach and become valid and perfected without the requirement of
any further action by the DIP Lender.

The amount of diminution in value (if any) of the existing
lienholders' liens in the Property following the Petition Date will
have the status of an allowed Superpriority Administrative Expense
Claim in this case pursuant to Section 364(c)(1) of the Bankruptcy
Code, having priority over any and all administrative expenses,
adequate protection claims and all other claims against the
Debtor.

A copy of the court order is available at:

           http://bankrupt.com/misc/mdb18-10334-67.pdf

              About The Condominium Association
                 of The Lynnhill Condominium

The Condominium Association of the Lynnhill Condominium is an
unincorporated condominium association that is in possession of the
Lynnhill Apartments, two 7-story buildings located at 3103 and 3107
Good Hope Avenue, Temple Hills, Maryland 20748.  The Property has
219 units, a parking lot and common areas.  

The Property's condition has deteriorated significantly in recent
years, to the point that utilities were terminated on more than one
occasion, by mid-2017 the Property was approximately 40% vacant,
and by the fall of 2017, utilities were conclusively terminated and
the balance of the units were vacated and abandoned.  Prince
George's County has determined that the Property is uninhabitable
and has threatened to condemn the Property because it is a threat
to the public and a burden to the county.  Between the spring of
2016 and approximately Dec. 18, 2017, the Property was uninsured
because of the Debtor's dire financial situation.  

The Debtor previously sought bankruptcy protection on July 2, 2014
(Bankr. D. Md. Case No. 14-20607) and April 28, 2010 (Bankr. D. Md.
Case No. 10-19462).

The Condominium Association of the Lynnhill Condominium, based in
Temple Hills, MD, recently filed a Chapter 11 petition (Bankr. D.
Md. Case No. 18-10334) on Jan. 10, 2018.  Stanley Briscoe, acting
president, signed the petition.  In its petition, the Debtor
estimated $0 to $50,000 in assets and $1 million to $10 million in
liabilities.  

The Hon. Wendelin I. Lipp presides over the new case.  

Patrick John Potter, Esq., at Pillsbury Winthrop Shaw Pittman, LLP,
serves as bankruptcy counsel to the Debtor.  Kurtzman Carson
Consultants LLC, is the Debtor's claims, noticing and balloting
agent.


CORNBREAD VENTURES: Taps JND as Claims, Noticing & Balloting Agent
------------------------------------------------------------------
Cornbread Ventures, LP seeks approval from the U.S. Bankruptcy
Court for the District of Arizona to hire JND Corporate
Restructuring as the Debtor's claims, noticing, and balloting
agent.

Services required of JND are:

      a. prepare and serve required notices and documents in this
case in accordance with the Bankruptcy Code and the Federal Rules
of Bankruptcy Procedure in the form and manner directed by the
Debtor and/or the Court, including without limitation (i) notice of
any claims bar date, (ii) notices of transfers of claims, (iii)
notices of objections to claims and objections to transfers of
claims, (iv) notices of any hearings on a disclosure statement and
confirmation of any chapter 11 plan proposed by the Debtor,
including under Bankruptcy Rule 3017(d), (v) plan solicitation
packages and ballots; (vi) notice of the effective date of any
plan, and (vii) all other notices, orders, pleadings, publications,
and other documents as the Debtor or Court may deem necessary or
appropriate for an orderly administration of the case;

      b. maintain an official copy of the Debtor's schedules of
assets and liabilities and statement of financial affairs, listing
the Debtor's known creditors and the amounts owed;

      c. maintain (i) a list of all potential creditors, equity
holders, and other parties in interest and (ii) a "core" mailing
list consisting of all parties described in Bankruptcy Rule
2002(i), (j), and (k), and those parties that have filed a notice
of appearance under Bankruptcy Rule 9010; update such lists and
make such lists available on request by a party in interest or the
office of the clerk of this Court;

      d. furnish a notice to all potential creditors of the last
date for the filing of proofs of claim and a form for the filing of
a proof of claim, after such notice and form are approved by this
Court, and notify potential creditors of the existence, amount and
classification of their respective claims as set forth in the
Schedules, which may be effected by inclusion of such information
on a customized proof of claim form provided to potential
creditors;

      e. maintain a post office box or address for the purpose of
receiving claims and returned mail, and process all such mail
received;

      f. for all notices, motions, orders, or other pleadings or
documents served, prepare and file, or cause to be filed, with the
Clerk an affidavit or certificate of service within seven business
days of service which includes (i) either a copy of the notice
served or the docket numbers(s) and title(s) of the pleading(s)
served, (ii) a list of persons to whom it was mailed with their
addresses, (iii) the manner of service, and (iv) the date served;

      g. process all proofs of claim received, including those
received by the Clerk's office, and check processing for accuracy,
and maintain the original proofs of claim in a secure area;

      h. maintain the official claims register for the Debtor on
behalf of the Clerk; on the Clerk's request, provide the Clerk with
certified, duplicate unofficial Claims Register; and specify in the
Claims Register the following information for each claim docketed
(i) the claim number assigned, (ii) the date received, (iii) the
name and address of the claimant and agent, if applicable, who
filed the claim, (iv) the amount asserted, (v) the asserted
classification(s) of the claim, and (vi) any disposition of the
claim;

      i. implement necessary security measures to ensure the
completeness and integrity of the Claims Register and the
safekeeping of the original claims;

      j. record all transfers of claims and provide any notices of
such transfers as required by Bankruptcy Rule 3001(e);

      k. relocate, by messenger or overnight delivery, all of the
court-filed proofs of claim to JND's offices, not less than
weekly;

      l. on completion of the docketing process for all claims
received to date for each case, turn over to the Clerk copies of
the Claims Register for the Clerk's review;

      m. monitor the Court's docket for all notices of appearance,
address changes, and claims-related pleadings and orders filed and
make necessary notations on and/or changes to the Claims Register;

      n. assist with processing, tabulation, and reporting of
ballots related to any chapter 11 plan proposed by the Debtor;

      o. assist in the dissemination of information to the public
and respond to requests for administrative information regarding
the cases as directed by the Debtor or the Court, including through
the use of a case-specific website and/or call center;

      p. if the case is converted to chapter 7, contact the Clerk's
Office within three days of the notice to JND of entry of the order
converting the case;

      q. 30 days before the closing of this case, to the extent
practicable, request that the Debtor submit to the Court a proposed
order dismissing JND and terminating its services on completion of
its duties and responsibilities and on the closing of this chapter
11 case;

      r. within seven days of notice to JND of entry of an order
closing the chapter 11 case, provide to the Court the final version
of the Claims Register as of the date immediately before the close
of the case;

      s. assist the Debtor with, among other things, (a) tracking
and administration of claims; (b) performing tasks related to the
services provided under the Services Agreement; and (c) performing
other tasks pertaining to the administration of this chapter 11
case as may be requested by the Debtor, the Court, or the Clerk’s
Office in accordance with the terms of the Services Agreement; and

      t. at the close of this case, box and transport all original
documents, in proper format, as provided by the Clerk's office, to
(a) the Federal Archives Record Administration, located at Central
Plains Region, 200 Space Center Drive, Lee's Summit, MO 64064 or
(b) any other location requested by the Clerk's office.

Fees JND will charge for its services are:

     a. Bar Date Noticing: A one-time fee for sending the general
bar date notice along with a proof of claim form equal to $350,
plus estimated expenses of $450 (including postage).

     b. Claims Processing. A one-time fee of $500 for claims
processing up to 300 claims.

     c. Case management. A monthly case management fee estimated to
be $250 based on the key assumptions set forth in the Services
Agreement.

     d. Plan Solicitation. A one-time fee for preparing and sending
a plan solicitation package (including copies of the plan,
disclosure statement, and a ballot) equal to $500, plus estimated
expenses of $3,750 (including postage).

     e. Ballot Processing & Tabulation. A one-time ballot
processing fee of $150 (covering up to 30 ballots), plus a one-time
fee for tabulation and reporting of $450.

Traveis Vandell, Chief Executive Officer with JND Corporate
Restructuring, attests that JND is a "disinterested person" as such
term is defined in Bankruptcy Code Sec. 101(14) as modified by
Bankruptcy Code Sec. 1107(b).

JND can be reached through:

     Traveis Vandell
     JND Corporate Restructuring
     8269 East 23rd Avenue, Suite 275
     Denver, CO 80238
     Phone:855-812-6112
     Email: travis.vandell@jndla.com

                    About Cornbread Ventures

Cornbread Ventures, LP, is the owner and operator of Z'Tejas
Southwestern Grill.  The company was founded in 2015 and is based
in Austin, Texas.

Cornbread Ventures filed a Chapter 11 petition (Bankr. D. Ariz.
Case No. 17-12877) on Oct. 30, 2017.  The petition was signed by
Michael Stone, its president and general partner.  At the time of
filing, the Debtor estimated $1 million to $10 million in both
assets and liabilities.

Judge Brenda K. Martin presides over the case.

The Debtor is represented by Jordan A Kroop, Esq., at Perkins Coie
LLP, as counsel.  Horne LLP serves as its accountant.

The U.S. Trustee on Jan. 9, 2018, notified the U.S. Bankruptcy
Court for the District of Arizona that no official committee of
unsecured creditors was appointed for Cornbread Ventures' Chapter
11 case.


CRAPP FARMS: Noble Buying Approx. 3,072 Pigs for $73 Each
---------------------------------------------------------
Crapp Farms Partnership asks the U.S. Bankruptcy Court for the
Western District of Wisconsin to authorize the sale of
approximately 3,072 head of pigs of various ages and weights to
Doug Noble for $72.50 each.

The property of the Debtor's estate includes the Pigs it raised in
its farming operations.  The Debtor wishes to immediately sell the
Pigs to the Buyer pursuant to the terms of the proposed Agreement
for Sale of the Pigs between the Debtor and the Buyer.  No
contingencies exist for the Debtor to proceed with the sale of the
Pigs to the Buyer.

Pursuant to the Agreement for Sale, among other terms, the Buyer
agrees to purchase the Pigs from the Debtor for the sale price of
$72.50 per head.  The sale will be free and clear of liens, claims
and encumbrances, with liens, claims and encumbrances, if any to
attach to proceeds.  Additionally, the Debtor also agrees to assign
to the Buyer its rights and interests in the Producer's Hog
Procurement Agreement dated Aug. 1, 2012 between the Debtor and Big
Stone Marketing, LLC.

The Pigs are subject to a validly-perfected security interest in
favor of BMO, securing, among other obligations to BMO, notes with
an outstanding principal balance of $29,067,310 as of the Petition
Date.  By virtue of BMO's properly perfected security interest in
the Pigs to be sold, BMO will be entitled to all net proceeds from
the sale of the Pigs to the Buyer, to be applied to reduce the
current indebtedness owed by the Debtor to BMO.

As of the Petition Date, the Debtor is a party to the Producer's
Agreement which governed its agreement to sell market hogs to Tyson
Fresh Meats.  Pursuant to the Producer's Agreement, the Debtor
agreed to sell pigs to Tyson with Big Stone Marketing, LLC acting
as its market agent for the sale of such market hogs to Tyson.

The Producer's Agreement is an essential component for the Buyer to
operate hog production and finishing facilities, and to generate
income from selling such hogs on the market.  Upon information and
belief, there are no defaults or arrearages under the Producer's
Agreement for the Debtor to cure which would prevent its assumption
and assignment of the Producer's Agreement.

Additionally, upon information and belief, none of the provisions
of Section 365(0) are applicable to the Debtor's proposed
assumption and assignment of the Producer's Agreement.  Moreover,
Big Stone agrees to the assignment of the Producer's Agreement to
the Buyer.  The assumption and assignment of the Producer's
Agreement by the Debtor is in the best interest of the Debtor's
estate and its creditors, because it will permit the Debtor to
reduce its operating expenses, and will allow it to effectively
reorganize its trucking and excavating operations.

The Debtor asks the Court to authorize it (i) to distribute net
proceeds from the sale of the Pigs to BMO, pursuant to its properly
perfect first position lien; and (ii) to assume and assign the
Producer's Agreement to the Buyer.

The Debtor believes that the sale of the Pigs to the Buyer will
yield the highest and best total value for the Pigs, and that the
proposed sale is in the best interests of the Debtor, its
creditors, and the estate.

The Debtor asks the Court to waive the 14-day stay imposed by
Federal Rule of Bankruptcy Procedure 6004(h).

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

    http://bankrupt.com/misc/Crapp_Farms_303_Sales.pdf

Big Stone can be reached at:

          BIG STONE MARKETIG, LLC
          Attn: Contract Management
          P.O. Box 188
          Pipestone, MN 56164
          E-mail: bstevens@pipevet.com

                  About Crapp Farms Partnership

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

Crapp Farms sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Wis. Case No. 17-11601) on May 3, 2017.  In the
petition signed by Darell C. Crap, partner, the Debtor estimated
its assets and debt at $10 million to
$50 million.

The case is assigned to Judge Catherine J. Furay.  

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

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


CROSS-DOCK SOLUTIONS: Court Gives Nod to Ch. 11 Trustee Appointment
-------------------------------------------------------------------
The Hon. Kathryn C. Ferguson of the U.S. Bankruptcy Court for the
District of New Jersey, upon the Emergency Motion for the
Appointment of a Chapter 11 Trustee filed by Bedemco Inc., has
directed the United States Trustee to appoint a Chapter 11 Trustee
for the bankruptcy estate of Cross-Dock Solutions, LLC.

                            About Cross-Dock Solutions LLC

Cross-Dock Solutions -- http://cross-docksolutions.com/-- is a
full service third party provider with climate controlled
warehousing and multiple compartmented less-than-load (LTL) and
truckload equipment that can accommodate chilled and frozen
products on the same refrigerated trailer. The Company also offers
cross-dock capabilities, cold chain storage and a warehouse
management solution (WMS)that can be customized to its customers'
business needs.

Cross-Dock Solutions, LLC, based in Edison, New Jersey, filed a
Chapter 11 petition (Bankr. D.N.J. Case No. 17-26993) on August 22,
2017.  The Hon. Kathryn C. Ferguson presides over the case.
Patricia A. Staiano, Esq., at Hellring Lindeman Goldstein & Siegal
LLP, serves as bankruptcy counsel.

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


CUMULUS MEDIA: Committee Taps Akin Gump as Legal Counsel
--------------------------------------------------------
The official committee of unsecured creditors of Cumulus Media Inc.
seeks approval from the U.S. Bankruptcy Court for the Southern
District of New York to hire Akin Gump Strauss Hauer & Feld LLP as
its legal counsel.

The firm will advise the committee regarding its duties under the
Bankruptcy Code; assist in investigating the business operations of
Cumulus Media and its affiliates; give advice regarding any
regulatory or governmental activities; analyze claims and negotiate
with creditors; advise the committee on matters related to assets
disposition, financing and plan of reorganization; and provide
other legal services related to the Debtors' Chapter 11 cases.

The firm's hourly rates range from $840 to $1,695 for partners,
$590 to $1,325 for counsel and senior counsel, $495 to $915 for
associates and $195 to $430 for paraprofessionals.

The attorneys expected to represent the committee are:

     Michael Stamer      Partner      $1,475
     Abid Qureshi        Partner      $1,375
     Meredith Lahaie     Partner      $1,180
     Kate Doorley        Counsel        $915
     Gary Ritacco        Associate      $885
     Julie Thompson      Associate      $620

Michael Stamer, Esq., a member of Akin Gump, disclosed in a court
filing that his firm is a "disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

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

Mr. Stamer also disclosed that Akin Gump represented three members
of the committee in connection with the cases prior to its
retention by the committee; and that the firm is expecting to
develop a prospective budget and staffing plan.

Akin Gump can be reached through:

     Michael S. Stamer, Esq.
     Abid Qureshi, Esq.
     Meredith A. Lahaie, Esq.
     Akin Gump Strauss Hauer & Feld LLP
     One Bryant Park
     Bank of America Tower
     New York, NY 10036-6745  
     Phone: +1 212.872.1025 / +1 212.872.1000
     Fax: +1 212.872.1002
     E-mail: mstamer@akingump.com
             aqureshi@akingump.com
             mlahaie@akingump.com

          - and –

     Kate Doorley, Esq.
     Akin Gump Strauss Hauer & Feld LLP
     1333 New Hampshire Avenue, N.W.
     Washington, DC 20036
     Phone: (202) 887-4000  
     Fax: (202) 887-4288  
     E-mail: kdoorley@akingump.com

                      About Cumulus Media

Cumulus Media Inc. (OTCQX: CMLS) -- http://www.cumulus.com/-- is a
radio broadcasting company.  The Company is also a provider of
country music and lifestyle content through its NASH brand, which
serves through radio programming, NASH Country Weekly magazine and
live events.  Its product lines include broadcast advertising,
digital advertising, political advertising and non-advertising
based license fees.  Its broadcast advertising includes the sale of
commercial advertising time to local, national and network clients.
Its digital advertising includes the sale of advertising and
promotional opportunities across its Websites and mobile
applications.  Its across the nation platform generates content
distributable through both broadcast and digital platforms.

Based in Atlanta, Georgia, Cumulus Media Inc. and 36 of its
affiliates, including NY Radio Assets, LLC, and Westwood One, Inc.,
sought voluntary protection under Chapter 11 of the Bankruptcy Code
(Bankr. S.D.N.Y. Lead Case No. 17-13381) on Nov. 29, 2017.  In the
petitions signed by SVP and General Counsel Richard Denning, the
Debtors estimated assets of $1 billion to $10 billion and estimated
liabilities of $1 billion to $10 billion as of the bankruptcy
filing.

The case is assigned to Hon. Shelley C. Chapman.

The Debtors are represented by Paul M. Basta, Esq., Lewis R.
Clayton, Esq., Jacob A. Adlerstein, Esq., and Claudia R. Tobler,
Esq., at Paul, Weiss, Rifkind, Wharton & Garrison LLP, in New York.
PJT Partners LP serves as the Debtors' investment banker.  Alvarez
& Marsal North America, LLC, serves as the Debtors' restructuring
advisor.  EPIQ Bankruptcy Solutions, LLC, serves as the Debtors'
claims, notice and balloting agent.

On Dec. 11, 2017, the U.S. Trustee for Region 2 appointed an
official committee of unsecured creditors.  The Committee tapped
Akin Gump Strauss Hauer & Feld LLP as its legal counsel, and Moelis
& Company LLC as its financial advisor.


CUMULUS MEDIA: Committee Taps Moelis as Financial Advisor
---------------------------------------------------------
The official committee of unsecured creditors of Cumulus Media Inc.
seeks approval from the U.S. Bankruptcy Court for the Southern
District of New York to retain Moelis & Company LLC as its
financial advisor.

The firm will assist the Committee in analyzing the results of
operations, financial condition, business plan and capital
structure of the company and its affiliates; negotiate a
restructuring and analyze the terms of securities the Debtors offer
in a potential restructuring; and provide other services related to
the Debtors' Chapter 11 cases.

Moelis will be paid a non-refundable cash fee of $150,000 per month
for its services.  

The firm will also receive a non-refundable cash fee of $3.75
million upon the consummation of any restructuring.  If, at any
time prior to the 12 months following the expiration or termination
of the firm's employment, either (i) a restructuring is consummated
or (ii) the Debtors or any entity formed or invested in to
consummate a restructuring enters into an agreement for a
restructuring, or a plan of reorganization or liquidation is filed,
and a restructuring is subsequently consummated at any time, then
the Debtors and their bankruptcy estates will pay the firm the
restructuring fee in full and in cash immediately upon the
effectiveness of any such transaction.   

John Momtazee, managing director of Moelis, disclosed in a court
filing that his firm is a "disinterested person" as defined in
Section 101(14) of the Bankruptcy Code.

Moelis can be reached through:

     John Momtazee
     Moelis & Company LLC
     399 Park Avenue, 5th Floor
     New York, NY 10022
     Phone: +1 212-883-3800 / +1 310-443-2322
     Fax: +1 212-880-4260
     E-mail: john.momtazee@moelis.com

                      About Cumulus Media

Cumulus Media Inc. (OTCQX: CMLS) -- http://www.cumulus.com/-- is a
radio broadcasting company.  The Company is also a provider of
country music and lifestyle content through its NASH brand, which
serves through radio programming, NASH Country Weekly magazine and
live events.  Its product lines include broadcast advertising,
digital advertising, political advertising and non-advertising
based license fees.  Its broadcast advertising includes the sale of
commercial advertising time to local, national and network clients.
Its digital advertising includes the sale of advertising and
promotional opportunities across its Websites and mobile
applications.  Its across the nation platform generates content
distributable through both broadcast and digital platforms.

Based in Atlanta, Georgia, Cumulus Media Inc. and 36 of its
affiliates, including NY Radio Assets, LLC, and Westwood One, Inc.,
sought voluntary protection under Chapter 11 of the Bankruptcy Code
(Bankr. S.D.N.Y. Lead Case No. 17-13381) on Nov. 29, 2017.  In the
petitions signed by SVP and General Counsel Richard Denning, the
Debtors estimated assets of $1 billion to $10 billion and estimated
liabilities of $1 billion to $10 billion as of the bankruptcy
filing.

The case is assigned to Hon. Shelley C. Chapman.

The Debtors are represented by Paul M. Basta, Esq., Lewis R.
Clayton, Esq., Jacob A. Adlerstein, Esq., and Claudia R. Tobler,
Esq., at Paul, Weiss, Rifkind, Wharton & Garrison LLP, in New York.
PJT Partners LP serves as the Debtors' investment banker.  Alvarez
& Marsal North America, LLC, serves as the Debtors' restructuring
advisor.  EPIQ Bankruptcy Solutions, LLC, serves as the Debtors'
claims, notice and balloting agent.

On Dec. 11, 2017, the U.S. Trustee for Region 2 appointed an
official committee of unsecured creditors.  The Committee tapped
Akin Gump Strauss Hauer & Feld LLP as its legal counsel, and Moelis
& Company LLC as its financial advisor.



DEALER TIRE: Moody's Corrects Dec. 14 Rating Release
----------------------------------------------------
Moody's Ratings has issued a correction to the ratings release on
Dealer Tire published on December 14, 2017. The revised release
notes that in the debt list, under Ratings Upgraded, added 'New' to
the description of the $688 million senior secured term loan
facility and added 'Old $655 million senior secured term loan
facility (original amount, $638 million outstanding, $50 million
add-on), to B1 (LGD3) from B2 (LGD3) (to be withdrawn upon
transaction closing).'

The revised release is as follows:

Moody's Investors Service upgraded its ratings for Dealer Tire,
LLC, including the company's Corporate Family Rating (to B1 from
B2) and Probability of Default Rating (to B2-PD from B3-PD).
Moody's also upgraded Dealer Tire's senior secured revolving credit
facility and term loan ratings, each to B1 from B2. The ratings
outlook is stable.

"The upgrades reflect our expectation that Dealer Tire will
continue to benefit from the exclusive relationship it has with
auto OEMs and dealerships and outperform the industry over the next
12-18 months," said Inna Bodeck, Moody's lead analyst for the
company.

Moody's noted in its research that Dealer Tire has been able to
strengthen its position in the niche business segment it serves by
developing improved analytic capabilities, which in turn have led
to a better understanding of consumers' replacement tire purchasing
behavior. This has subsequently increased their customers' reliance
on Dealer Tire.

"In addition to strengthening its business model, we now believe
Dealer Tire will employ measured financial policies, consistent
with historical practice and notwithstanding a second debt-funded
dividend, with the balance sheet remaining only moderately levered
in the 4.0 times range on a Moody's-adjusted Debt/EBITDA basis
going forward," added Bodeck.

Moody's took the following actions for Dealer Tire's ratings:

Ratings Upgraded:

Corporate Family Rating, to B1 from B2

Probability of Default Rating, to B2-PD from B3-PD

$100 million senior secured revolving credit facility, to B1
(LGD3) from B2 (LGD3)

New $688 million senior secured term loan facility ($638mm
outstanding ($655 million original), $50 million add-on), to B1
(LGD3) from B2 (LGD3)

Old $655 million senior secured term loan facility (original
amount, $638 million outstanding, $50 million add-on), to B1 (LGD3)
from B2 (LGD3) (to be withdrawn upon transaction closing)

Outlook, stable

RATINGS RATIONALE

Dealer Tire's B1 CFR broadly reflects the company's good
competitive position within the dealer channel of the replacement
tire market coupled with strong projected free cash flow (absent
sponsor dividends), balanced by persistent pressure within the tire
replacement industry, customer concentration and moderate leverage.
Dealer Tire's top-three customers represent approximately 56% of
revenues (YTD 9/30/2017), and its top-three tire suppliers account
for 51% of purchases. In addition, Moody's noted the company's
comparatively modest revenue base relative to competing suppliers
that have greater scale and broader distribution channels in the
replacement tire market. These exposures create vulnerability to
customer or supplier losses, shifts in client purchasing
strategies, and pricing pressure. Even so, Dealer Tire is a leader
in the growing dealership channel of the replacement tire market.
Balance sheet strain is expected to remain relatively modest, with
total debt-to-EBITDA incorporating Moody's standard adjustments
estimated in the low-4.0 times range and solid interest coverage
(EBIT-to-interest expense) approximating 2.0 times, both augmented
further by a good liquidity profile.

The stable ratings outlook reflects Moody's expectation that Dealer
Tire will maintain relative consistency and likely improve somewhat
in its key credit metrics over the intermediate-term, supported by
earnings growth, positive free cash flow, and a good liquidity
profile.

Higher ratings could be supported with more scale and via the
application of free cash flow towards permanent debt reduction,
while a good liquidity profile is maintained. The ratings could
warrant consideration for prospective upgrade if the company's
growth and profitability levels are expected to support a
debt-to-EBITDA ratio approaching 3.5 times and retained cash
flow-to-debt net of unrestricted cash above 15%.

The ratings could be downgraded if Dealer Tire loses market share
within the dealership channel of the replacement tire market and/or
if profitability weakens. Lower ratings could arise if
debt-to-EBITDA is maintained above 5.0 times and EBIT-to-interest
is maintained below 2.0 times. A deterioration in liquidity and/or
more aggressive financial policies could also pressure ratings.

Dealer Tire, LLC, headquartered in Cleveland, Ohio, is primarily
engaged in the business of distributing replacement tires through
alliance relationships with automobile OEMs and their dealership
networks in the US and Canada. The company also provides warranty
processing, billing services, logistics services, marketing
programs and training for its customers. Revenue for the 12 months
ended September 30, 2017 were approximately $1.5 billion.


DIGITAL ROOM: Moody's Assigns B3 CFR; Outlook Stable
----------------------------------------------------
Moody's Investors Service assigned first time ratings to Digital
Room Holdings, Inc. ("DRI") with a Corporate Family Rating ("CFR")
of B3 and a Probability of Default Rating ("PDR") of B3-PD.
Concurrently, Moody's assigned a B2 rating to DRI's senior secured
first lien credit facilities, comprised of a $171.2 million term
loan and a $25 million revolver, and a Caa2 rating to the company's
$57.1 million second lien term loan. The proceeds of the new debt
financing were used to partially fund the purchase of the issuer by
H.I.G. Capital ("HIG") from Insight Venture Partners ("Insight").
The ratings outlook is stable.

Moody's assigned the following ratings:

Corporate Family Rating -- B3

Probability of Default Rating -- B3-PD

Senior Secured Revolving Credit Facility expiring 2022 -- B2
(LGD3)

Senior Secured First Lien Term Loan due 2023 -- B2 (LGD3)

Senior Secured Second Lien Term Loan due 2024 -- Caa2 (LGD5)

Outlook is Stable

RATINGS RATIONALE

DRI's B3 CFR is constrained by the company's elevated debt leverage
of approximately 7x (Moody's adjusted for operating leases) at the
end of 2017, small size, potential competitive pressures from
larger commercial printers and web based rivals, and exposure to
cyclicality in the print advertising market. The potential for
additional debt-funded acquisitions and equity distributions to the
company's private equity shareholders adds further uncertainty. The
risks associated with DRI's credit profile are partially offset by
the company's strong presence in the expanding online short-run
print market as well as its strong customer relationships and
retention rates which contribute to revenue predictability.
Additionally, the company's modest capital budget should contribute
to healthy free cash flow generation.

The B2 ratings for DRI's first lien bank debt reflect the
borrower's B3-PD PDR and a Loss Given Default ("LGD") assessment of
LGD3 for the first lien bank credit facility. The first lien
ratings are one notch higher than the CFR and take into account the
bank debt's priority in the collateral and senior ranking in the
capital structure relative to DRI's second lien debt. The second
lien credit facility is rated Caa2 (LGD5) reflecting its junior
collateral position.

Although DRI's pro forma cash balance will be nominal following the
completion of the financing, the company's adequate liquidity is
supported by Moody's expectation of free cash flow generation
exceeding 5% of debt over the next 12 months. The company's
liquidity is also bolstered by a largely undrawn $25 million
revolving credit facility. DRI's bank loans are subject to a
financial covenant based on a maximum net leverage ratio which the
company should be comfortably in compliance with over the next
12-18 months.

The stable outlook reflects Moody's expectation that DRI will
generate mid-single digit organic revenue growth over the next 12
months principally driven by the ongoing secular expansion of the
online short-run print market which increasingly offers superior
efficiency and economics relative to legacy printing solutions.
Operating leverage benefits will likely be offset by increased
spending related to the company's e-commerce infrastructure during
this period, constraining margins and resulting in minimal
deleveraging in 2018.

Factors that Could Lead to an Upgrade

The rating could be upgraded if DRI profitably expands its scale
and sustains healthy free cash flow generation while adhering to a
conservative financial policy, resulting in a reduction in debt to
EBITDA (Moody's adjusted) to below 6.5x.

Factors that Could Lead to a Downgrade

The rating could be downgraded if DRI were to experience a
weakening competitive position, free cash flow deficits on a
sustained basis, or the company maintains aggressive financial
policies that prevent meaningful deleveraging.

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

DRI, which was recently acquired by HIG, is a leading e-commerce
provider in the online short-run print market. Moody's forecasts
DRI to generate revenues of approximately $180 million in 2018.


DIGITAL ROOM: S&P Assigns 'B-' Corp. Credit Rating; Outlook Stable
------------------------------------------------------------------
U.S.-based web-to-print (W2P) marketing and print products provider
Digital Room Holdings Inc. (DRI) is being acquired by H.I.G.
Capital LLC. The acquisition financing includes borrowings of
approximately $244 million.

S&P Global Ratings assigned its 'B-' corporate credit rating to
Digital Room Holdings Inc. The rating outlook is stable.

S&P said, "At the same time, we assigned our 'B-' issue-level
rating and '3' recovery rating to the company's senior secured
first-lien credit facility, which comprises a $25 million revolving
credit facility due 2023 and a $171.2 million term loan due 2024.
The '3' recovery rating indicates our expectation for meaningful
recovery (50%-70%; rounded estimate: 65%) of principal in the event
of a default.

"We also assigned our 'CCC' issue-level rating and '6' recovery
rating to the company's senior secured second-lien credit facility,
which comprises a $57.1 million term loan due 2025. The '6'
recovery rating indicates our expectation for negligible recovery
(0%-10%; rounded estimate: 0%) of principal in the event of a
default.

"Our corporate credit rating reflects the company's high adjusted
debt leverage, niche product focus, participation in a highly
fragmented print industry, financial sponsor ownership, and
aggressive financial policy. These factors are somewhat offset by
the company's growing scale and capabilities in the short-run
web-to-print (W2P) segment, good repeat customer base, average
order value, operating performance, healthy EBITDA margins, and
relatively low capital expenditure requirements.

"The stable outlook reflects our expectation that DRI's leverage
will remain in the mid-7x area and its FOCF to debt will remain at
about 5% over the next 12 months. We also expect the company to
maintain its track record of organic revenue growth in the
mid-single-digit percentage area, driven by steady customer
retention, product extensions and cross-selling, and increased
consumer adoption of W2P.

"We could lower the corporate credit rating if we believe the
company's capital structure will become unsustainable due to
excessive leverage and declining free cash flow. This could result
from lack of organic revenue growth, operational missteps, or
adverse events that strain the company's ability to manage its cost
structure.

"Although unlikely over the next 12 months, we could consider
raising the rating if we expect the company to significantly
increase its business size and reach through strong organic revenue
growth, accelerate debt repayments, and show a less aggressive
financial policy such that leverage declines to the low-6x area."


DUKE FINANCE: S&P Puts 'B' CCR on Watch Neg on Sale of EaglePicher
------------------------------------------------------------------
S&P Global Ratings placed its 'B' corporate credit rating on Duke
Finance LLC on CreditWatch with negative implications.

At the same time, S&P said placed all of its issue-level ratings on
the secured debt held by Duke Finance LLC on CreditWatch with
negative implications.

The CreditWatch negative placement follows Duke Finance LLC's
announcement that it selling its EaglePicher business to affiliates
of GTCR LLC, which we believe may weaken its overall business risk
profile by reducing its scale and product and geographic diversity.
S&P said, "We expect that the company's remaining magnetic
technologies business will continue to be owned by affiliates of
Apollo Global Management. In addition, we expect the owners will
institute a new capital structure for its remaining business and
repay all of its existing debt as part of the transaction."

S&P said, "The CreditWatch negative placement indicates that we
could affirm or lower our ratings on Duke after we complete our
review of the transaction and its impact on the company's overall
credit quality. Specifically, we will try to ascertain whether the
company plans to reduce its debt and, if so, to what extent. We
also plan to reassess the company's overall business risk profile
following the proposed divesture."


EPTMS INC: Authorized to Use Cash Collateral on Final Basis
-----------------------------------------------------------
The Hon. H. Christopher Mott of the U.S. Bankruptcy Court for the
Western District of Texas signed an order authorizing EPTMS, Inc.,
to use cash collateral on a final basis

EPTMS may use cash collateral under these conditions:

     (a) The automatic stay applies to all creditors holding
interests in the cash equivalents including EPTMS' Bank of America
Account #-4919.

     (b) Rapid Capital, Kabbage, Inc. and Pearl Delta Funding, LLC
are awarded with replacement liens upon the cash equivalents
identified in the Motion, in the order of priority that existed on
the Petition Date;

     (c) The Court is measuring the extent of the replacement liens
according to the value of the collateral that existed on Petition
Date, including the sums on deposit in Bank of America, subject to
the interest of the Texas Comptroller of Public Accounts;

     (d) EPTMS is directed to keep its inventory adequately insured
against fire, theft, water damage and other hazards;

     (e) EPTMS must make monthly adequate protection payments to:

          -- Rapid Capital, $13,916 each month, starting January
10, 2018.

          -- Kabbage, Inc., $1,712 each month, starting January 20,
2018.

          -- Pearl Delta Funding, $7,972 each month, starting
January 20, 2018.

          -- Texas Comptroller, in three monthly payments of
$15,000 on February 5, 2018, $15,000 on March 5, 2018 and $15,000
on April 5, 2018, and a last payment of $19,048.43 on May 5, 2018.

     (f) EPTMS is required to file Monthly Operating Reports and
furnish email access information to Rapid Capital, Kabbage Inc.,
Pearl Delta Funding and the Texas Comptroller, so that they can
review such operating reports;

     (g) EPTMS must maintain the cash collateral at the aggregate
level on hand for each creditor as of Petition Date, less amounts
paid to that creditor from sales and operations under the Final
Order;

     (g) Rapid Capital, Kabbage Inc., Pearl Delta Funding and the
Texas Comptroller will have rights to inspect its collateral and
EPTMS' books and records on site.

A copy of the court order is available at:

          http://bankrupt.com/misc/txwb17-31729-87.pdf

                       About EPTMS, Inc.

EPTMS, Inc., is a retailer of mattresses in the El Paso, Texas
area.  EPTMS, Inc., filed a Chapter 11 petition (Bankr. W.D. Tex.
Case No. 17-31729) on Oct. 25, 2017.  In the petition signed by
Ricardo Solano, a/k/a Javier Ricardo Solano Ramirez, president, the
Debtor estimated $100,000 to $500,000 in assets and $1 million to
$10 million in liabilities.  The Hon. Christopher H. Mott presides
over the case.  E.P. Bud Kirk, Esq., at the law firm of E.P. Bud
Kirk, serves as bankruptcy counsel to the Debtor.


ERIE STREET: Trustee Taps Alan D. Lasko as Accountant
-----------------------------------------------------
Frances Gecker, Chapter 11 trustee for Erie Street Investors LLC,
seeks approval from the U.S. Bankruptcy Court for the Northern
District of Illinois to hire Alan D. Lasko & Associates, P.C. as
her accountant.

The firm will assist the trustee in preparing income tax returns;
consult with the trustee regarding bankruptcy-related issues that
arise in connection with the preparation of tax returns; and
provide other accounting and financial advisory services.

The firm's hourly rates are:

     Owner                           $290 - $300
     Tax Manager/Director            $260 - $300
     Accounting Manager/Director     $260 - $300
     Tax Supervisor                  $180 - $290
     Tax Senior                      $140 - $180
     Accounting Supervisor           $180 - $290
     Accounting Senior               $140 - $180
     Assistants                       $65 - $140

Alan Lasko, a certified public accountant, 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:

     Alan D. Lasko
     Alan D. Lasko & Associates, P.C.
     205 W. Randolph Street, Suite 1150
     Chicago, IL 60606
     Tel: (312) 332-1302
     Fax: (312) 332-1326
     Email: alasko@adlassoc.com

                   About Erie Street Investors

Erie Street Investors, LLC, and its affiliates are part of a
network of entities in the business of developing and operating
real estate.  These businesses are owned in part by Arthur Holmer,
either directly or indirectly through other entities under his
control.

Erie Street and its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. N.D. Ill. Lead Case No. 17-10554) on April 3,
2017.  The affiliates are LaSalle Investors, LLC, WSC Parking Fund
I, George Street Investors, LLC, and Sheffield Avenue Investors,
LLC.  Arthur Holmer, managing member of Weiland Ventures, LLC,
signed the petitions.

Erie Street Investors and LaSalle Investors each estimated between
$10 million and $50 million in both assets and liabilities.  WSC
Parking Fund estimated between $1 million and $10 million in both
assets and liabilities.

The cases are assigned to Judge Deborah L. Thorne.

The Debtors are represented by Crane, Heyman, Simon, Welch & Clar.

Frances Gecker was appointed as Chapter 11 trustee for the Debtors
on May 16, 2017.  The trustee hired Ascend Property Management LLC
as the Debtors' property manager; and Jones Lang LaSalle Americas
(Illinois), L.P., as real estate broker.

On June 21, 2017, the Debtors filed a Chapter 11 plan of
reorganization and disclosure statement.


EXACTECH INC: S&P Assigns 'B-' Corp. Credit Rating, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings assigned its 'B-' corporate credit rating to
Exactech Inc. The outlook is stable.

S&P said, "At the same time, we assigned our 'B-' issue-level and
'3' recovery ratings to its $50 million revolver and $235 million
first-lien credit facility. The '3' recovery rating indicates our
expectations for meaningful (50%-70%; rounded estimate: 50%)
recovery in the event of a payment default."

Exactech Inc. is a global medical device company focused on
manufacturing, distributing, and marketing of orthopedic
implantable and related devices. The company has more than 70
products spread across four reportable segments:

-- Extremities (about 44% of projected 2017 revenues), which
primarily consists of shoulder implants (Equinoxe Comprehensive
System) and includes the company's Vantage total Ankle System.

-- Knees (about 29%), which consists of several knee implantable
devices, including its recently launched Truliant Knee System.

-- Hips (about 18%), which consists of implantable hip devices.

-- Other (about 9%) which consists primarily of orthobiologic
products, such as bone graft and bone cement for joint fixation.

S&P said, "The stable rating outlook in Exactech Inc. reflects our
base-case forecast of high-single-digit revenue growth,
supplemented by a modest level of acquisitions, modest free cash
flow deficits over the next two years, and debt leverage greater
than 5x. The stable outlook also reflects our expectation for the
company to maintain sufficient liquidity to support its capital
structure during this time frame."


EXCELETECH COATING: Seeks Court Authority to Use Cash Collateral
----------------------------------------------------------------
Exceletech Coating & Applications, LLC, is requesting the U.S.
Bankruptcy Court for the Middle District of Florida for authority
to use cash collateral.

The cash collateral the Debtor seeks to use is comprised in whole
or in part of
funds on hand and to be received from services rendered as well as
all accounts, cash on hand, goods, contract rights, inventory,
equipment, tax refunds, insurance proceeds, accounts receivable and
general intangibles. The Debtor reveals that the party who may have
an interest in the Cash Collateral is Acentium Capital who has
recorded a UCC-1.  Acentium Capital was paid prior to the filing of
the case.

The Debtor intends to use cash collateral based on a budget that
shows estimated revenue and estimated expenses for the first 12
weeks after the Petition Date.

The budget projects total revenue amounting to $898,513 and total
expenses of $690,347, during the period from Jan. 20, 2018 until
April 7, 2018.

The use of cash collateral is necessary in order to maintain the
operation of its business for the first twelve weeks after petition
date, and a greater or lesser amount will be required each
comparable period thereafter. Debtor believes that its business can
be operated with a positive cash flow basis.

As adequate protection for the use of cash collateral, Debtor
proposes to give replacements lien on the property to the same
extent and with the same priority as the respective pre-petition
liens as well as an adequate protection payment.

A full-text copy of the budget can be viewed at

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

                    About Exceletech Coating

Based in Clermont, FL, Exceletech Coating & Applications, LLC, is a
limited liability company and contractor specializing in the
application of coatings and linings to protect structures from
attack from chemicals and environmental factors causing corrosion
and/or deterioration of substrate.

Exceletech Coating & Applications filed for Chapter 11 protection
(Bankr. M.D. Fla. Case No. 18-00263) on Jan. 17, 2018, with Cynthia
E Lewis, Esq., and James H Monroe, Esq., at James H Monroe PA,
serving as legal counsel.  The Hon. Karen S. Jennemann is the case
judge.


FC GLOBAL: Amends Prospectus for 9.6-Mil. Common Shares Sale
------------------------------------------------------------
FC Global Realty Incorporated filed with the Securities and
Exchange Commission an amended Form S-3 registration statement
relating to 9,599,225 shares of common stock that may be sold from
time to time by First Capital Real Estate Operating Partnership,
L.P., Dolev Rafaeli, Dennis M. McGrath and Yoav Ben-Dror, which
include:

   * 6,507,525 shares of common stock issued to the selling
     stockholders; and

   * 3,091,700 shares of common stock that may be issued upon the
     conversion of 123,668 shares of Series A Convertible
     Preferred Stock that have been issued to a selling
     stockholder.

The selling stockholders may offer and sell the shares of common
stock being offered by this prospectus from time to time in public
or private transactions, or both.  These sales may occur at fixed
prices, at market prices prevailing at the time of sale, at prices
related to prevailing market prices, or at negotiated prices.  The
selling stockholders may sell shares to or through underwriters,
broker-dealers or agents, who may receive compensation in the form
of discounts, concessions or commissions from the selling
stockholders, the purchasers of the shares, or both.

The Company will not receive any proceeds from the sales by the
selling stockholders.

The Company's common stock is traded on the Nasdaq Capital Market
under the symbol "FCRE".  On Jan. 19, 2018, the last reported sale
price of the Company's common stock on the Nasdaq Capital Market
was $0.91.

A full-text copy of the Form S-3/A registration statement is
available for free at https://is.gd/yJ3xel

                     About FC Global Realty

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

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


FC GLOBAL: Files Resale Prospectus for 3.8 Million Common Shares
----------------------------------------------------------------
FC Global Realty Incorporated filed with the Securities and
Exchange Commission a Form S-3 registration statement in connection
with a proposed offering of 3,795,723 shares of common stock that
may be sold from time to time by Opportunity Fund I-SS, LLC, Dolev
Rafaeli, Dennis M. McGrath, and Yoav Ben-Dror, which includes:

   * 1,857,336 shares of common stock that will be issued to
     certain selling stockholders following stockholder approval
     of such issuance; and
    
   * 1,938,387 shares of common stock that may be issued upon the
     conversion of 1,500,000 shares of Series B Preferred Stock
     that have been issued to a selling stockholder.

The selling stockholders may offer and sell the shares of common
stock being offered by this prospectus from time to time in public
or private transactions, or both.  These sales may occur at fixed
prices, at market prices prevailing at the time of sale, at prices
related to prevailing market prices, or at negotiated prices.

The Company will not receive any proceeds from the sales by the
selling stockholders.

FC Global's common stock is traded on the Nasdaq Capital Market
under the symbol "FCRE".  On Jan. 19, 2018, the last reported sale
price of its common stock on the Nasdaq Capital Market was $0.91.

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

                     https://is.gd/yIV6BL

                      About FC Global Realty

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

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


FINJAN HOLDINGS: Achieves 175% Hike in Revenues to $50M in 2017
---------------------------------------------------------------
Finjan Holdings, Inc., provided shareholders with a financial
update and highlights key accomplishments for the fiscal year ended
Dec. 31, 2017.  Additional updates across Finjan's operating
subsidiaries and investments were also highlighted and was
discussed during the conference call held on January 23rd.

Unaudited Financial Highlights for the Full Year Fiscal 2017:

   * 175% year-over-year increase in revenue to over $50.0 million

   * Ended the year with approximately $41.0 million in cash or
     $1.48 per share as compared to $13.7 million for the same
     period a year ago

   * Net income from operations was approximately $15.0 million or

     $0.50 per share

   * As a result of record performance in 2017 the Company
     redeemed and retired $6.2 million or approximately 48,000 of
     Preferred Series A-1 Shares in early January, 2018

Unaudited Financial Highlights for the Fourth Quarter of 2017:

   * Nearly 180% year-over-year increase in fourth quarter
     revenues to $23.4 million

"We nearly tripled our revenues to more than $50 million in 2017
fueled by a number of successful licensing and settlement
agreements and ended the year with a strong cash position," said
Phil Hartstein, president and CEO of Finjan Holdings.  "We closed
patent license agreements and cross licenses with both FireEye and
Sophos and ended a dispute with Avast resulting in an amicable
resolution.  We signed new licenses with Veracode and Avira with
whom we also entered into a development relationship and cross
license to Finjan Mobile."

IP Licensing and Settlement Updates:

   * Actively engaged with more than 25 negotiations with
     prospective licensees

   * Transitioned four protracted licensing negotiations to
     litigation in 2017, actively engaged in settlement
     discussions with a number of defendants

   * 1Q: Finjan and Sophos complete licensing and settlement
     agreement including a cross license to Finjan Mobile

   * 1Q: Finjan and Avast extend licensing deal to include newly
     acquired AVG Technologies

   * 1Q: Completed a license to Veracode prior to acquisition by
     Computer Associates

   * 2Q: Completed licensing and partnership agreements with Avira

     resulting in joint development of Finjan Mobile's Gen4
     VitalSecurity VPN Browser

   * 4Q: Finjan and FireEye complete a licensing and settlement
     agreement including cross license to Finjan Mobile

Enforcement Update and Schedule:

January 2018

   * Blue Coat I (5:13-cv-03999-BLF) the U.S. Court of Appeals for
     the Federal Circuit (Case No. 2016-2520, "Federal Circuit")
     issued its decision on January 10 and is summarized as
     follows

   * Finjan's U.S. Patent No. 6,154,844 (the "'844 Patent")
     confirmed valid and infringed, concluding Finjan "pioneered"
     behavior blocking technology, damages remanded back to
     District Court

   * Finjan's U.S. Patent Nos. 6,804,780 (the "'780 Patent"),
     7,418,731 (the "'731 Patent") and 7,647,633 (the "'633
     Patent") confirmed valid and infringed, damages totaling
     $7.8M unchanged

   * Finjan's U.S. Patent No. 6,965,968 (the "'968 Patent")
     overturned infringement and $7.8M in related damages

"The new licenses and settlements we achieved coupled with our
continued IPR wins offer us even more affirmation.  The recent
decision from the Federal Circuit indicates thats Finjan
'pioneered' the technology we are licensing throughout the
industry.  This is very promising for both our current cases and
future litigation ahead," continued Mr. Hartstein.  "We enter 2018
in the strongest position ever with more than $40 million in cash,
an upcoming Blue Coat re-trial in February which will likely be
followed by a damages case in December and our long-awaited
Symantec trial getting underway in July.  With numerous
settlements, a strong licensing pipeline, and a number of near-term
catalysts we believe we are ideally positioned to see revenue
growth in this segment of our business."

February 2018

   * Blue Coat II (5:15-cv-03295-BLF) will convene a re-trial on
     February 12, with a new Jury, on additional infringement
     issues related to Finjan's '844 Patent not included in the
     first case, and new infringement issues related to Finjan's
     U.S. Patent No. 8,677,494 (the "494 Patent")

June 2018

   * Cisco (5:17-cv-00072-BLF) has a claim construction
    ("Markman") hearing scheduled for June 15, also expect a CMC
     in August after the Courts decision on key claim terms

July 2018

   * Symantec (3:14-cv-02998-HSG) has a trial date set to begin
     July 9 and last approximately two weeks

October 2018

   * SonicWall (5:17-cv-04467-BLF) has a claim construction   
    ("Markman") hearing scheduled for October 12

November 2018

   * Germany Nullity (i.e. validity) Action will be heard,
     combined by the German Court for both Blue Coat and ESET
     cases currently pending

December 2018

   * Blue Coat I & II; New Jury trial on damages and willfulness
     set to begin December 10 related to the original '844
     infringement from Blue Coat I and any additional liability
     issues relating from the February 2018 re-trial in Blue Coat
     II

   * ESET (3:17-cv-00183-CAB) the Court expects trial "no later
     than December 2018" per recent Court Order

Finjan has pending infringement lawsuits against Symantec Corp.,
Palo Alto Networks, Blue Coat Systems, Inc., ESET and its
affiliates, Cisco Systems, Inc., Sonicwall, Inc., Bitdefender and
its affiliates, Juniper Networks and Zscaler, Inc. relating to,
collectively, more than 20 patents in the Finjan portfolio.  The
court dockets for the foregoing cases are publicly available on the
Public Access to Court Electronic Records (PACER) website,
www.pacer.gov, which is operated by the Administrative Office of
the U.S. Courts.

Finjan Mobile:

   * VitalSecurity VPN Secure Mobile Browser, leveraging Finjan's
     existing patented inventions has had considerable traction
     with more than 500,000 downloads to-date, over 900 reviews
     and a 4.5 out of 5-star rating

   * Currently its mobile app is offered worldwide and is
     translated into 11 different languages to expand addressable
     market in both Android and IOS platforms

   * VPN now offers the consumer the option to connect to over 30
     locations around the world

"In 2017 we accomplished key milestones through our Finjan Mobile
subsidiary releasing our VitalSecurity VPN Mobile Browser in
September of 2017 and with more than 500,000 downloads to date,"
said Michael Noonan, CFO of Finjan Holdings.  "We believe consumers
are taking note of Finjan's enterprise-grade patented technology
being available on their mobile device to keep their data safe and
secure.  We are actively moving forward with expanding our mobile
app worldwide and increasing the number of VPN locations to further
differentiate our offering.  We look forward to reporting on our
future progress."

CybeRisk:

   * CybeRisk performed below expectations for the full year
     though the Company's investment in this subsidiary continues
     to be minimal

Finjan Blue:

    * Although the Company is focused on the longer-term
      opportunities with IBM through its Finjan Blue subsidiary,
      it has already recovered our initial $2 million investment
      in a recent licensing deal

JVP Cyber Strategic Partners:

   * Achieved its second early exit during 2017, fund sized has
     increased considerably due to early exits

   * Finjan currently has a $2.7 million outstanding capital
     commitment to the fund which may be called at any time to
     finance existing portfolio companies

                        About Finjan

Established over 20 years ago, Finjan -- http://www.finjan.com/--
is a cybersecurity company focused on four business lines:
intellectual property licensing and enforcement, mobile security
application development, advisory services, and investing in
cybersecurity technologies and intellectual property.  Licensing
and enforcement of the Company's cybersecurity patent portfolio is
operated by its wholly-owned subsidiary Finjan, Inc.  Finjan became
a wholly owned subsidiary of Finjan Holdings in June of 2013 after
a merger transaction, following which we began trading on the OTC
Markets.  The Company's common stock has been trading on the NASDAQ
Capital Market since May 2014.  Since the merger, the Company
continues to execute on its existing business lines while outlining
a vision and focusing on growth.  Finjan is based in East Palo
Alto, California.

Finjan reported a net loss attributable to common stockholders of
$6.43 million for the year ended Dec. 31, 2016, a net loss
attributable to common stockholders of $12.60 million for the year
ended Dec. 31, 2015, and a net loss of $10.47 million for the year
ended Dec. 31, 2014.  

As of Sept. 30, 2017, Finjan Holdings had $45.32 million in total
assets, $11.96 million in total liabilities, $18 million in
redeemable preferred stock and $15.35 million in total
stockholders' equity.


FIRST AVE.: East Chelsea Buying All Assets for $800K Plus Inventory
-------------------------------------------------------------------
First Avenue Wine Merchants, Inc., asks the U.S. Bankruptcy Court
for the Southern District of New York to authorize its bidding
procedures and its Purchase Agreement, dated Jan. 11, 2018, with
East Chelsea Spirits, Inc., in connection with its sale of
substantially all of its assets for $800,000 plus inventory.

The Debtor is engaged in the business of operating a retail store
for the sale of wines and liquors located at located at 383 First
Avenue, New York, New York, pursuant to a lease agreement dated
Oct. 1, 2012; the annual rental is approximately $110,000, plus
real estate taxes; the Lease expires July 31, 2037.

The Debtors has informed its counsel that it is current in its
post-Petition rent.  It was unable to obtain the Landlord's consent
to the sale without modifications which were unacceptable to the
Purchaser.

Pursuant to the existing Agreement with the Purchaser, the Debtor
agreed to sell the Business for $800,000 plus Inventory free and
clear of all liens, claims and encumbrances, and the Purchaser
agreed to purchase the Debtor's Business and the Lease.   
The Agreement contemplates the sale to the Purchaser of
substantially all assets (except cash and similar assets), of
whatever nature whatsoever, tangible and intangible, of the
Debtor's property, relating to the Business and all leases,
including, without limitation, such right, title and interest of
the Debtor in and to the Assets as set forth in the Agreement.

The proposed purchase price of $800,000 plus Inventory for the
Debtor's Assets is believed to be sufficient to cure any Lease
defaults or past due payments, pay the secured creditors (who are
not undersecured) in full, pay administration expenses, priority
claims, and to make a distribution the general unsecured creditors
of at or close to 100%.

The Purchaser will assume no obligations and/or liabilities of the
Debtor as of the Closing Date other than the Lease and/or certain
minor service contracts.  Except as expressly stated in the
Purchase Agreement, the Seller will assume and will remain liable
to the Landlord for all prior unpaid rent and additional rent.

The Agreement provides for a $20,000 break-up fee to compensate the
Purchaser for its efforts and expenses, plus the return of the
$27,000 deposit under the Agreement if the Purchaser is not the
successful bidder.  Pursuant to the Purchase Agreement, the Debtor
has agreed to transfer the Lease to the Purchaser.

There is no Broker in the proposed sale.  The Debtor and the
Purchaser contemplate a closing of the transaction on March 15,
2018.

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

    http://bankrupt.com/misc/First_Ave_7_Sales.pdf

Pursuant to Section 363 of the Bankruptcy Code, the Debtor asks
that the Court approves and authorizes the sale of the Assets free
and clear of all liens, claims and encumbrances either (a) to the
Purchaser or to any creditor or interested person, if any, for the
purchase of the Assets, with the highest and best Qualified
Competing Bid for the Assets; or, (b) in the absence of any higher
and better Qualified Competing Bid for the Assets, to the Purchaser
pursuant to the terms and conditions of the Agreement.

The Debtor asks of the competitive bidding procedures for the
Assets and the Property.

The salient terms of the Bidding Procedures are:

     a. Initial Bid: $820,000 plus Inventory

     b. Each Qualified Competing Bid served upon the Debtor's
Counsel, so as to be received no later than three business day
prior to the hearing on the sale of the Assets.

     c. At the Hearing, the Court may approve the Purchase
Agreement if no Qualified Competing Bid has been timely submitted
that constitutes a higher and better offer for the Assets and
Property than that contained in the Purchase Agreements.
Alternatively, if one or more Qualified Competing Bids have been
timely submitted that constitutes a higher and better offer for
substantially all of the Assets, the Court may authorize the sale
of the Assets in accordance with the highest and best Qualified
Competing Bid.  Alternatively, if one or more Qualified Competing
Bids have been timely submitted that constitutes a higher and
better offer for substantially all of the Assets and Property, the
Court may conduct an auction among the Purchaser and any Qualified
Third Patty
that has submitted a Qualified Competing Bid.  At any such auction,
minimum incremental bids will be not less than $20,000 higher and
better than the offer by the Purchaser contained in the Purchase
Agreement.

     d. If any Qualified Competing Bid is approved by the Court as
the highest and best offer for the applicable Assets, the Qualified
Third Patty submitting such bid will be required to pay to the
Debtor at the conclusion of the Hearing non-refundable cash
payments equal to 10% of the approved purchase price which amount
will be applied against the purchase price at the closing of the
sale of the Assets and Property or forfeited to the Debtor and
Landlord, respectively, if the sale is not timely consummated due
to a breach of the Qualified Third Party's obligations.

     e. Closing: Feb. 10, 2018

The Debtor believes that the sale will yield enough money to pay
all secured creditors to the extent of the validity of their
allowed liens, as well as all priority creditors.

Shortly after the Sale, the Debtor will bring on a Distribution and
Dismissal Motion asking to distribute all of its Assets, consisting
of the proceeds of Sale and any cash on hand, in accordance with
the distribution schedules to be set forth therein.  It believes
that the secured creditors have or will consent to that Motion, and
it is currently contemplated that the taxing authorities will be
paid in full.

The Debtor estimates the use of the approximately $900,000 proceeds
of sale as follows: (a) Secured Creditor Liens $459,000; and (b)
Administrative Expenses (i) professional fees $50,000, (ii) US
Trustee fees and misc. $15,000; (c) Priority Tax claims $3,591;
Total: $527,591, leaving an estimated balance of $372,409 for
general unsecured creditors.

The Debtor asks an immediate sale of the Assets, and thus a
shortening of time for the Hearing.  It believes that without the
Court ordered sale on an immediate basis its assets would be lost
or at best irrevocably reduced, and the Debtor may lack the capital
to continue operations under the current pressures beyond March 30,
2018.  The Debtor believes that only by the requested relief can
the sale be completed and its assets be preserved for its creditor

The Business has been on the market for at least six months, and
the Debtor believes that in the wine and liquor industry any
interested party would have been aware of the sale.  Therefore, it
is respectfully submitted that no further advertising be required
as the delay may cause the loss of the Debtor's Assets, or that it
advertise the Sale one-time in Manhattan Times, which the Debtor
represents is newspaper of general circulation in the area.

The Purchaser:

          EAST CHELSEA SPIRITS, INC.
          383 First Avenue
          New York, NY 10010

                  About First Avenue Wine Merchants

First Avenue Wine Merchants, Inc., is engaged in the business of
operating a retail store for the sale of wines and liquors located
at located at 383 First Avenue, New York, New York.  First Avenue
sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 18-10147) on
Jan. 22, 2018.  PAUL D. FEINSTEIN, P.C., is counsel to the Debtor.



FITNESS FACTORY: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Fitness Factory Capitol
Heights, Inc., as of Jan. 25, 2018, according to a court docket.

Headquartered in Upper Marlboro, Maryland, Fitness Factory Capitol
Heights, Inc., filed for Chapter 11 bankruptcy protection (Bankr.
D. Md. Case No. 18-23311) on Jan. 5, 2018, estimating its assets
and liabilities at between $100,001 and $500,000 each.  Sheila
Durant, Esq., at the Law Office of Sheila Durant serves as the
Debtor's bankruptcy counsel.


GEI HOLDINGS: Selling Newark & Irvington Properties for $1.045M
---------------------------------------------------------------
GEI Holdings, LLC, asks the U.S. Bankruptcy Court for the District
of New Jersey to authorize the private sale of the residential
properties located at (i) 229 Columbia Avenue, Irvington, New
Jersey to Leonicio Batista for $275,000; (ii) 250 Clinton Place,
Newark, New Jersey to Hunter Ryan for $217,500; (iii) 252 Clinton
Place, Newark, New Jersey to Hunter Ryan for $217,500; and (iv) and
432-434 Leslie Street, Newark, New Jersey to Solomon Koschitzki for
$335,000.

On Sept. 23, 2016, an Order was granted, allowing for the sale of
(i) 137-139 Carolina Avenue, Irvington, New Jersey; (ii) 229
Columbia Avenue, Irvington, New Jersey; and (iii) 140-142
Huntington Terrace, Newark, New Jersey.

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

        http://bankrupt.com/misc/GEI_Holdings_101_Sales.pdf

The Debtor has entered into four separate arm's-length contracts to
sell the following properties.  The total purchase price for the
Purchased Assets will be $1,045,000.  It asks authority, to
substitute the Purchasers for the DIP's assets located at 229
Columbia Avenue and 432-434 Leslie Street Newark to allow for the
sale of, free and clear of all of liens, claims, interests, and
encumbrances.

Said property is encumbered by a mortgage held by a single
creditor; Wilmington Trust National Association as Trustee on
Behalf of the Holders of B2R Mortgage Trust 2015-1 Mortgage
Pass-Through Certificates, in the estimated amount of $927,294.
The Debtor ask authority, to sell by private sale to potential
Purchasers, one of the assets of Debtor, free and clear of all
liens, claims, interests and encumbrances.

To avoid the loss of the Buyer's offer and to maximize the benefit
to the Debtor's creditors and bankruptcy estate, it is important
that the Debtor proceed with the sale as quickly as possible.  As
of the Petition Date, the Debtor valued the Debtor's interest in
the aforementioned properties is approximately $998,000.

From the proceeds of the Sale, the Debtor proposes to pay the costs
of the sale, including reasonable attorney's fees, real estate
commissions and taxes.  In addition, it proposes to pay Creditors
that have an undisputed secured interest in the property order of
priority, as of the date of closing.  The Debtor estimates that,
after the payment of the costs of sale, satisfaction of secured
liens, approximately $100,000 in net proceeds will be realized from
the sale, which leaves approximately $100,000 to pay towards valid
claims against the estate.

To preserve the value of the Purchased Assets and limit the costs
of administering and preserving such assets, it is critical that
the Debtor close the sales as soon as possible after all closing
conditions have been met or waived.  Accordingly, the Debtor asks
that the Court waives the 10-day stay period under B.R. 6004(h).

The Purchasers:

          Leonicio Batista
          302 52 St., Apt B4
          West Newark, NJ 07093

          Hunter Ryan
          9 Lost Lodge Road
          Westport, CT 06880

          Solomon Koschitzki
          40 Levine Rd.
          Humyville, NY 12757

                        About GEI Holdings

GEI Holdings, LLC, sought Chapter 11 protection (Bankr. D.N.J. Case
No. 16-24991) on Aug. 4, 2016, disclosing under $1 million in both
assets and liabilities.  The Debtor is represented by Robert B.
Davis of Davis Law Center, LLC.  No official committee of unsecured
creditors has been appointed in the case.


GEN-KAL PIPE: Taps Klein Law Group as Special Counsel
-----------------------------------------------------
Gen-Kal Pipe & Steel Corp. seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire Klein Law Group, PLLC,
as special counsel.

The Debtor requires the services of the firm to give legal advice
regarding TCPA law and to appeal a judgment for violations of the
law.

The firm's hourly rates are:

     Andrew Klein               $435
     Allen Zoracki              $385
     Susan Goldhar Ornstein     $345

Andrew Klein, Esq., at Klein Law Group, 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:

     Andrew M. Klein, Esq.
     Klein Law Group, PLLC
     1250 Connecticut Ave. N.W., Suite 200
     Washington, DC 20036
     Phone: 202.289.6955
     E-mail: AKlein@KleinLawPLLC.com

                 About Gen-Kal Pipe & Steel Corp.

Founded in 1994, Gen-Kal Pipe & Steel Corp. markets metal
products.

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

Gen-Kal Pipe & Steel sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 18-10376) on Jan. 8, 2018.
In the petition signed by President Eugene Kalsky, the Debtor
estimated assets and liabilities of less than $1 million.


GENON ENERGY: Still Awaits Chapter 11 Bankruptcy Exit
-----------------------------------------------------
GenOn Energy, Inc., GenOn Americas Generation, LLC and certain of
their directly and indirectly-owned subsidiaries won confirmation
of their Chapter 11 exit plan in December and have yet to emerge
from bankruptcy protection.

The U.S. Bankruptcy Court for the Southern District of Texas
entered on December 12, 2017, an Order Confirming the Third Amended
Joint Chapter 11 Plan of Reorganization.

In a Dec. 18 regulatory filing with the Securities and Exchange
Commission, GenOn said the Debtors expect the Plan effective date
will occur as soon as all conditions precedent to the Plan have
been satisfied.

"Although the Debtors anticipate that all conditions will be
satisfied, the Debtors can make no assurances as to when, or
ultimately if, the Plan will become effective," GenOn said.

Also on Dec. 12, the Bankruptcy Court entered the Order Approving
Debtors' Emergency Motion for Entry of an Order (I) Approving a
Global Settlement and (II) Granting Related Relief -- GAG Order
-- which became effective upon the entry of the Confirmation Order
and which granted an administrative claim to holders of Allowed GAG
Note Claims against GenOn in an amount equal to the value of the
treatment afforded to holders of Allowed Class 5 GAG Notes Claims
under the Plan.

                    Material Terms of the Plan,
                Treatment of Claims and Interests

The Plan contemplates a restructuring of the Debtors that will
eliminate at least $1.75 billion in debt from the Debtors' balance
sheet, provide the Debtors with the capital necessary to fund
distributions to the Debtors' creditors pursuant to the Plan, and
allow for Third-Party Sale Transactions, if the transactions are
pursued and consummated.

In addition, the Plan, Confirmation Order, and corresponding plan
supplement documents incorporate an integrated compromise and
settlement of claims, including the controversies resolved by:

     (i) the NRG Settlement among the Debtors, the Consenting
         Noteholders, and NRG Energy, Inc. ("NRG"),

    (ii) the GAG Settlement among the Debtors and the Consenting
         Noteholders, and

   (iii) the GenMA Settlement among the Debtors, NRG, the
         Consenting Noteholders, GenOn Mid-Atlantic, LLC, an
         indirect and wholly-owned subsidiary of GenOn and GAG,
         and certain of GenMA's stakeholders, to achieve a
         beneficial and efficient resolution of the Chapter 11
         Cases.

The settlement, distributions, and other benefits provided under
the Plan, including the releases and exculpation provisions
included therein, are in full satisfaction of all claims,
interests, causes of action and controversies that could be
asserted.

                          NRG Settlement

As part of the Plan, the NRG Settlement, to be implemented in
phases, provides for the transition of GenOn to a standalone
enterprise, resolution of substantial intercompany claims between
GenOn and NRG, and the allocation of certain costs and liabilities
between GenOn and NRG.

As part of Phase I, on the Confirmation Date, the Bankruptcy Court
approved entry into the Transition Services Agreement, the
Cooperation Agreement, the Pension Indemnity Agreement, the
Employee Matters Agreement, and the Tax Matters Agreement, and each
of the Phase I Agreements became immediately effective in
accordance with their terms.

The Phase I Agreements are binding on all parties regardless of
whether the Plan ever becomes effective.

In addition, the Bankruptcy Court approved entry into the
Settlement Agreement with NRG, which becomes effective and binding
on the parties thereto on the earlier of the Effective Date or
consummation of the GenMA Settlement, as further provided in the
Settlement Agreement, such effectiveness of the Settlement
Agreement to constitute Phase II of the NRG Settlement.

The consummation of the NRG Settlement and the Settlement Agreement
are subject to certain conditions and may not be consummated on the
terms contemplated or at all.

                       Settlement Agreement

The Settlement Agreement was entered into by the Debtors and NRG on
December 14, 2017, subject to certain conditions precedent to its
effectiveness. The Debtors and NRG, through their entry into the
Settlement Agreement, and in conjunction with the Plan and
Confirmation Order, intend to fully settle the disputes existing
between such parties and their respective affiliates, including
without limitation, the Settled Claims against NRG, GenOn and
certain of their respective officers and directors.

Pursuant to the Settlement Agreement, NRG will pay approximately
$261.3 million to GenOn in cash (subject to setoff of approximately
$125.0 million in NRG claims against GenOn under the parties'
revolving credit facility) -- NRG Settlement Payment -- in order to
fund distributions under the Plan, among other uses.

Upon GenOn's receipt and acceptance of the NRG Settlement Payment,
all parties to the NRG Settlement will mutually release all claims
and causes of action related thereto, and the effectiveness of such
releases will operate in conjunction with the release and
exculpation provisions in the Plan. Conditions precedent to the
effectiveness of the Settlement Agreement include the occurrence of
the GenMA Settlement, releases of NRG from the Debtors' non-debtor
subsidiaries, and payment to NRG of all ordinary course payables
owed by the Debtors' non-debtor subsidiaries. There can be no
assurance that these conditions precedent will occur. If the
conditions precedent do not occur and are not waived, the
Settlement Agreement may never become effective. The Phase I
Agreements are not conditioned upon the occurrence of the
Settlement Agreement ever becoming effective.

                        Phase I Agreements

     (A) Transition Services Agreement

The Transition Services Agreement was entered into by GenOn and NRG
effective as of December 12, 2017.  During the term of the
Transition Services Agreement, NRG will continue to provide, until
September 30, 2018, the shared services as provided to GenOn prior
to the filing of the Chapter 11 Cases, and also provide other
separation support services, including merger and acquisition and
financing support services, information technology services and the
transitioning of certain licenses and permits. GenOn will be
entitled to a credit of $1.0 million per month for every month the
shared services are terminated prior to September 30, 2018.

In the event of any Third-Party Sale Transactions, NRG will
cooperate with such third-party buyers to enter into a new
transition services agreement to continue to provide transition
services. Upon the occurrence of the Effective Date, GenOn is
entitled to a one-time credit of $27,775,000 (subject to reduction
in accordance with the terms and conditions of the Cooperation
Agreement), which will be creditable against amounts payable for
services under the Transition Services Agreement; provided that if
as of the termination of the Transition Services Agreement the
credit has not been fully used, the unused amount will be paid in
cash by NRG to GenOn.

     (B) Cooperation Agreement

The Cooperation Agreement was entered into by GenOn and NRG
effective December 12, 2017, with the GenOn Steering Committee as
the third party beneficiary. The Cooperation Agreement provides the
terms of the mutually acceptable plan for continued cooperation
between GenOn and NRG regarding certain joint development
projects.

In particular, GenOn is required to make a one-time $15.0 million
payment to NRG within 48 hours after the Confirmation Date as
compensation for being granted a purchase option with respect to
the Canal 3 Project. GenOn had until January 22, 2018 by which to
decide whether to assume or reject the executory contracts relating
to the Canal 3 Project.

If the contracts are rejected, NRG's obligation under the
Transition Services Agreement to make a one-time credit of
$27,775,000 will be reduced by $15,000,000 in lieu of any rejection
damages.

If the Canal 3 contracts are not rejected, GenOn has until March
31, 2018 by which to exercise the purchase option to acquire the
Canal 3 Project for a pri ce equal to approximately the sum of (i)
NRG's development costs through such date, (ii) a 10.5% return on
such costs, and (iii) an agreed upon development fee through such
date, minus $15.0 million. Subject to NRG or GenOn's respective
continuing obligation to make payments then owing under the
Cooperation Agreement, the parties may terminate the Cooperation
Agreement by mutual written agreement.

     (C) Pension Indemnity Agreement

The Pension Indemnity Agreement was entered into by GenOn and NRG
effective December 12, 2017.  Pursuant to the Pension Indemnity
Agreement, NRG will agree to indemnify GenOn and its direct and
indirect subsidiaries, Reorganized GenOn (as defined in the Plan),
and the Consenting Noteholders from and against any claims related
to certain historic pension liabilities.

     (D) Employee Matters Agreement

The Employee Matters Agreement was entered into by GenOn and NRG
effective December 12, 2017.  Pursuant to the Employee Matters
Agreement, NRG and the Reorganized Debtors will agree to address
any allocation of certain assets, liabilities, and responsibilities
for certain employee compensation and benefit plans and programs,
and other related matters.

     (E) Tax Matters Agreement

The Tax Matters Agreement was entered into by GenOn and NRG
effective December 12, 2017, and will be entered into by
Reorganized GenOn upon effectiveness of the Plan. The Tax Matters
Agreement will govern the rights and obligations of each party
thereto with respect to certain tax matters and provide for, among
other things, (i) GenOn's and its subsidiaries' membership in NRG's
consolidated federal and, to the extent applicable, state income
tax group for all periods through and including the Effective Date,
(ii) the payment by NRG of any taxes related thereto (excluding any
tax liability attributable to the NRG Settlement Payment), and
(iii) NRG's right, subject to satisfying applicable U.S. federal
income tax law, to take a worthless stock deduction, claimed
pursuant to the relevant sections of the Internal Revenue Code and
Treasury Regulations or any comparable provision of state or local
law, with respect to NRG's tax basis in the stock of GenOn or any
of its subsidiaries in the year of the Effective Date as part of
the implementation of the exit structure as determined by the GenOn
Steering Committee in consultation with the Debtors.

     (F) GAG Settlement

Pursuant to the GAG Order, the holders of Allowed GAG Note Claims
were granted an administrative claim against GenOn in an amount
equal to the value of the treatment afforded to holders of Allowed
Class 5 GAG Notes Claims under the Plan.

     (G) GenMA Settlement

The Confirmation Order approved the terms of the GenMA Settlement
and directed the settlement parties to cooperate in good faith to
negotiate definitive documentation consistent with the GenMA
Settlement term sheet in order to pursue consummation of the GenMA
Settlement.

Certain terms of the compromise as reached by GenOn, NRG, the
Consenting Noteholders, GenMA and certain of its stakeholders
(including the Owner Lessor Plaintiffs (as defined in the Plan))
are as follows, as qualified by the full settlement framework on
file with the Bankruptcy Court:

         -- settlement of all pending litigation and objections
            to the Plan (including with respect to releases and
            feasibility);

         -- GenOn will provide a $55.0 million one-year 15%
            senior secured bridge facility;

         -- cash redemption or purchase of certain outstanding
            lessor notes/pass-through certificates, funded by
            (i) GenMA cash on hand; (ii) proceeds from a J.P.
            Morgan letter of credit draw; (iii) the $55.0 million
            bridge facility provided by GenOn; (iv) a $20.0
            million cash contribution by GenOn; and (v) proceeds
            from the Natixis letter of credit facility;

         -- the option to defer certain equity rent and shared
            services to support GenMA liquidity;

         -- GenOn and NRG will provide $57.5 million of new
            qualifying credit support to GenMA, consisting of:

            * $20.0 million cash contribution by GenOn; and

            * $37.5 million in letters of credit from NRG.

         -- GenOn will retain $125.0 million from the
            pre-petition transfer from GenMA and all proceeds of
            the NRG Settlement Payment;

         -- Debt and lien covenants will permit a secured working
            capital facility in an amount not to exceed $75.0
            million, which GenMA will use commercially reasonable
            efforts to obtain; and

         -- GenMA will have one independent director appointed by
            the Owner Lessor Plaintiffs.

                  Third-Party Sales Transactions

After the Confirmation Date, the Debtors are authorized to pursue a
sale of their assets, interests in the Debtors owning those assets,
or the New Common Stock to one or more third parties, as agreed to
or consummated prior to the Effective Date, in consultation with
the GenOn Steering Committee (the "Third-Party Sale Transactions").
Third-party sale proceeds received prior to the Effective Date
may, in the Debtors' discretion, be used to make payments or
distributions pursuant to the Plan, with certain exceptions. If the
Debtors receive sale proceeds after the Effective Date from any
Third-Party Sale Transaction, it is expected that such sale
proceeds will be used first to repay, as soon as reasonably
practicable, any outstanding new subordinated notes issued on the
Effective Date in an amount determined in part by reference to such
expected third-party sale proceeds yet to be received by the
Effective Date.

                          Exit Financing

In the event that one or more Third-Party Sale Transactions are not
consummated prior to the Effective Date, the Plan is expected to be
funded in part by one or more of the following exit financings,
subject to certain customary conditions:

     * a first lien term loan;

     * a synthetic or other letters of credit facility;

     * a revolving credit facility; and/or

     * senior secured notes.

To the extent the Debtors are successful in engaging a strategy of
Third-Party Asset Sale Transactions, the need for the above exit
financings may be obviated.

                     Management Incentive Plan

On or after the Effective Date, the Reorganized GenOn board of
directors may adopt a management incentive plan in its sole
discretion (including through the issuance of New Common Stock) for
certain of the Reorganized Debtors' directors, officers, and
employees.

               Settlement, Releases and Exculpations

The Plan, Confirmation Order, and corresponding plan supplement
documents incorporate an integrated compromise and settlement of
claims to achieve a beneficial and efficient resolution of the
Chapter 11 Cases. Unless otherwise specified, the settlement,
distributions, and other benefits provided under the Plan,
including the releases and exculpation provisions included therein,
are in full satisfaction of all claims and causes of action that
could be asserted.

The Plan provides releases and exculpations for the benefit of the
Debtors, certain of the Debtors' claimholders, other parties in
interest and various parties related thereto, each in their
capacity as such, from various claims and causes of action, as
further set forth in Article IX of the Plan.

                         Share Information

As of the Dec. 12 Plan Effective Date, the Debtors issued shares of
common stock in Reorganized GenOn to the holders of claims against
and interests in the Debtors, and the Debtors' shares of common
stock and/or membership interests outstanding prior to the
Effective Date will be cancelled, in each case as provided in the
Plan. As of the Confirmation Date, there was one share of GenOn
common stock outstanding and 1,000 membership units of GAG
outstanding. All of GenOn's common stock is held by its parent,
NRG, and all of GAG's membership units are held by its parent, NRG
Americas, Inc.

Under the Plan, the Debtors' new organizational documents will
become effective on the Effective Date. The Debtors' new
organizational documents will authorize the Debtors to issue shares
of New Common Stock pursuant to the Plan.

As of the Effective Date, there may exist certain shares of New
Common Stock not permitted to be distributed to any given holder of
Allowed GenOn Notes Claims because one or more Required Regulatory
Approvals (as defined in the Plan) are required but have not been
obtained (the "Holdback Shares").

On the Effective Date, if there are any Holdback Shares, a new
common stock reserve (the "New Common Stock Reserve") will be
established by the Debtors for the distribution of Holdback Shares
pursuant to the terms of the Plan. The Holdback Shares will be
issued on the Effective Date, and on behalf of such holder, placed
in the New Common Stock Reserve by the Debtors. Each of the
Holdback Shares will be distributed from the New Common Stock
Reserve to the applicable holder in accordance with the terms of
the Plan as soon as possible after (x) all Required Regulatory
Approvals for the distribution of such shares have been obtained or
(y) the distribution of such Holdback Shares would no longer
require any of the Required Regulatory Approvals.

                       About GenOn Energy

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

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

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

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

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

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

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

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

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

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


HANS FUTTERMAN: RWNIH Wants Ch. 11 Trustee to Oversee Assets Sale
-----------------------------------------------------------------
RWNIH-DL 122nd Street 1 LLC asks the United States Bankruptcy Court
for the Southern District of New York to direct the appointment of
a chapter 11 trustee in the chapter 11 case of Hans Futterman to
oversee the sale of the Debtor's assets or, alternatively, convert
the Chapter 11 Case to a case under chapter 7 of the Bankruptcy
Code so that a chapter 7 trustee will manage this process.

RWNIH asserts that Chapter 11 debtors-in-possession are fiduciaries
for their creditors, however, Mr. Futterman has proven, both
through his prepetition and postpetition actions, that he will not
properly fulfill this role.

RWNIH claims that the Debtor has no cash and no income -- the
Debtor's monthly operating reports in this Chapter 11 Case reflect
that he began the Chapter 11 Case with $800 in cash. The Debtor has
scheduled secured claims of $2,685,540 and unsecured claims of
$3,739,413.

RWNIH contends that these totals do not include RWNIH's claim,
which is based on a personal guaranty given by the Debtor on the
"Ladera Loan" that RWNIH made to one of Mr. Futterman's entities,
Ladera, LLC. That claim, asserted in the amount of $10,729,240 (and
continuing to accrue default interest, fees and other charges), is
secured by assets of Mr. Futterman's estate or assets in which he
owns an indirect interest.

Mr. Futterman's assets consist of equity interests in two entities
that own real property in Manhattan and several apartments in which
he is a joint owner. He acknowledges that he plans to pay his
creditors in this Chapter 11 Case through a sale of some or all of
these assets. He is, however, ill-suited to perform this function
for several reasons:

      (a) Mr. Futterman has been removed from management of a
non-debtor affiliate -- which he now asserts will provide the
greatest value to the estate -- by an arbitrator who concluded that
he had engaged in "self-dealing."

      (b) Mr. Futterman has admitted that, while managing another
non-debtor affiliate, he diverted payments due to that affiliate to
another entity and largely spent them, a transfer that violated an
assignment of leases and rents that had been granted to RWNIH.

      (c) As demonstrated in the Ladera cases, Mr. Futterman does
not communicate with his creditors or act in their interest, and
cannot be relied upon to identify or close appropriate sale
transactions.

Accordingly, RWNIH asserts that an independent fiduciary should be
appointed to manage what appear to be relatively straightforward
asset sale processes and ensure that the proceeds of the sales are
properly preserved and used to satisfy the claims of creditors.
RWNIH tells the Court that Mr. Futterman should be removed from
control of this Chapter 11 estate for the best interests of his
creditors.

Attorneys for RWNIH-DL 122nd Street 1 LLC:

             Adam C. Rogoff, Esq.
             P. Bradley O’Neill, Esq.
             KRAMER LEVIN NAFTALIS & FRANKEL LLP
             1177 Avenue of the Americas
             New York, New York 10036
             Telephone: (212) 715-9100
             Facsimile: (212) 715-8000

Hans Futterman filed a Chapter 11 Petition (Bankr. S.D.N.Y. Case
No. 17-12899) on October 17, 2017. He is represented by Joel
Shafferman, Esq. of Shafferman & Feldman, LLP -- E-mail:
joel@shafeldlaw.com


HIGH PLAINS: Seeks Interim Authorization to Use Cash Collateral
---------------------------------------------------------------
High Plains Computing, Inc., doing business as HPC Solutions, asks
the U.S. Bankruptcy Court District of Colorado for permission to
use cash collateral on an interim basis from Jan. 1, 2018 through
April 30, 2018.  This is the Debtor's fourth request for continued
use of cash collateral.

The Debtor reveals that the greatest value for its assets can be
achieved through ongoing operation of its business.

As reported in the Troubled Company Reporter on Oct. 23, 2017, the
Debtor had filed with the Court a disclosure statement to accompany
the Chapter 11 plan of reorganization.

In its new motion, the Debtor disclosed that in order to pay the
necessary operating expenses, it must continue to use cash
collateral in which Wells Fargo Commercial Distribution Finance,
LLC, may have an interest. Further, majority of its revenues and
available cash are derived from the sale of services to its
customers and postpetition loan from the Debtor’s CEO, Rodger
Cree. Without the use of cash collateral, the Debtor will have
insufficient funding for business operations.

The Debtor has already entered into an agreement with Wells Fargo
and as adequate protection:

   (a) The Debtor will provide WF and any other allowed secured
creditor with a postpetition lien on all post-petition inventory,
accounts receivable, and income derived from the operation of the
business and assets, to the extent that the use of the cash results
in a decrease in the value of secured creditor’s interest in the
collateral. All replacement liens will hold the same relative
priority to assets as did the pre-petition liens;

   (b) The Debtor will only use cash collateral in accordance with
the Budget subject to a deviation on line item expenses not to
exceed 15% without the prior agreement of secured creditors or an
order of the Court;

   (c) The Debtor will keep all of WF’s collateral fully
insured;

   (d) The Debtor will provide WF with a complete accounting, on a
monthly basis, of all revenue, expenditures, and collections
through the filing of the Debtor's Monthly Operating Reports; and

   (e) The Debtor will maintain in good repair all of WF’s
collateral; and

   (f) The Debtor will reduce WF’s claim through adequate
protection payments in the amount of $10,000 in January and
February 2018, and in the amount of $15,000 in March and April
2018.

                    About High Plains Computing

High Plains Computing, Inc., d/b/a HPC Solutions --
http://www.hpc-solutions.net/ -- offers a broad portfolio of  
services and solutions in Information Technology (IT), Unified
Communications, and Professional Services for the government and
healthcare industries.  The Company works with manufacturers of IT
software, cloud computing, collaboration, storage, and integration.
It also offers a wide array of professional services to include IT
support and developmental services, data management  services,
network engineering, technical subject matter experts,
administrative services, engineering, and more.

High Plains Computing filed a Chapter 11 petition (Bankr. D. Colo.
Case No. 17-14819) on May 23, 2017.  In the petition signed by CEO
Roger Cree, the Debtor estimated $100,000 to $500,000 in assets and
$1 million to $10 million in liabilities.  The case is assigned to
Judge Joseph G. Rosania Jr.  The Debtor is represented by Lee M.
Kutner, Esq., at Kutner Brinen, P.C.


HKD TREATMENT: $6.5K Sale of 2012 Ford Fusion to Melville Approved
------------------------------------------------------------------
Judge Elizabeth D. Katz of the U.S. Bankruptcy Court for the
District of Massachusetts authorized, nunc pro tunc to Nov. 3,
2017, HKD Treatment Options, P.C.'s private sale of its right,
title and interest in 2012 Ford Fusion, VIN 3FAHPOJA3CR227828, to
Christopher Melville for $6,500.

The sale is free and clear of all liens, claims and encumbrances of
the Debtor and any perfected, enforceable valid liens of record
will attach to the proceeds of the sale according to priorities
established under applicable bankruptcy law.

The Debtor is authorized to payoff the lien to Citizens Bank, N.A.
in the approximate amount of $1,913, or in accordance with the
payoff statement produced by Citizens Bank, N.A. prior to the sale,
directly from the proceeds of the sale.  The balance of the sale
proceeds are to be placed/deposited in the Debtor's DIP account.

The notice requirement pursuant to 11 U.S.C. Section 363, and the
14-day stay established by Bankruptcy Rule 6004 are waived.

                  About HKD Treatment Options

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

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

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

Judge Elizabeth D. Katz presides over the case.

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


HOBBICO INC: Wants to Obtain DIP Financing From Wells Fargo Bank
----------------------------------------------------------------
Hobbico, Inc., and its affiliates seek authorization from the U.S.
Bankruptcy Court for the District of Delaware to incur postpetition
financing from Wells Fargo Bank, National Association, as
administrative agent, and the lenders, and to use cash collateral.

The DIP Facilities consist of: (a) revolving credit loans in an
aggregate principal amount up to $45 million; and (b) a term loan
in an aggregate principal amount up to $26.9 million.  The
Revolving Credit Loans and the Term Loans will each mature and be
due and payable in full by the Debtors on the earliest to occur of
(a) May 31, 2018, (b) written notice from Administrative Agent to
Debtors of the occurrence of an Event of Default and of the
termination date, and (c) the closing date of a sale or any other
sale of substantially all of the Debtors' assets.  The Termination
Date will be, at the Postpetition Agent's election, the earliest to
occur of: (a) the date on which Postpetition Agent provides, via
facsimile, electronic mail, or overnight mail, written notice to
counsel for Debtors, counsel for any Committee, and the U.S.
Trustee of the occurrence and continuance of an Event of Default
and the occurrence of the Termination Date; (b) the date that is 30
days following the entry of the Interim Order if the Final Order is
not entered in form and substance satisfactory to Agents by the
date; (c) the date of the final hearing, if the interim court order
is modified at the final hearing in a manner unacceptable to agents
and lenders; (d) the closing date of the sale of all or
substantially all of the assets of the Debtors; (e) the date on
which the aggregate debt is paid in full; and (f) May 31, 2018.  

The Revolving Credit Loans will bear interest at a per annum rate
equal to the Base Rate plus 4.75% (exclusive of any default rate
interest that may be imposed under the Postpetition Loan
Agreement).  The Term Loans will bear interest at a per annum rate
equal to the Base Rate plus 7.75% (exclusive of any default rate
interest that may be imposed under the Postpetition Loan
Agreement).

Commencing on the closing date, subject to the Postpetition Loan
Agreement, the borrowers will pay to the Administrative Agent, for
the account of the Revolving Credit Lenders, a non-refundable
commitment fee in dollars at a rate per annum equal to the
Applicable Margin on the average daily unused portion of the
Revolving Credit Commitment of the Revolving Credit Lenders (other
than the Defaulting Lenders, if any); provided, that the amount of
outstanding Swingline Loans will not be considered usage of the
Revolving Credit Commitment for the purpose of calculating the
Commitment Fee.  The Commitment Fee will be payable in arrears on
the last Business Day of each calendar month during the term of
this Agreement commencing Jan. 31, 2018, and ending on the date
upon which all obligations arising under the Revolving Credit
Facility will have been paid in full.  The Commitment Fee will be
distributed by the Administrative Agent to the Revolving Credit
Lenders (other than any Defaulting Lender) pro rata in accordance
with the Revolving Credit Lenders' respective Revolving Credit
Commitment Percentages.

The borrowers will pay to the Administrative Agent for its own
account fees in dollars in the amounts and at the times specified
in the fee letter.  The borrowers will pay to the Lenders the fees
in dollars as will have been separately agreed upon in writing in
the amounts and at the times so specified.

Commencing on the Closing Date, and continuing until the secured
obligations and prepetition secured obligations have been paid in
full, the borrowers will pay to Administrative Agent, for ratable
distribution to the Lenders, in immediately available funds, a
fully earned and non-refundable monthly overadvance charge of
$150,000 on the last Business Day of each calendar month in which a
Borrowing Base Overadvance was in existence on any day during the
month.

The Debtors seek postpetition use of cash collateral from the
prepetition secured parties, and access to postpetition financing
on a superpriority basis from the Postpetition Lenders.  In the
ordinary course of business, the Debtors require cash on hand and
cash flow from their operations to fund their liquidity needs and
operate their businesses.  In addition, the Debtors require access
to sufficient liquidity to fund these Chapter 11 cases while
working towards a successful sale transaction.  Postpetition
financing is necessary in order for the Debtors to have access to
sufficient liquidity to maintain ongoing day-to-day operations,
ensure proper servicing of customers post-petition and fund working
capital needs.

The additional standby liquidity made available under the DIP
Financing signals to the Debtors' vendors, suppliers, customers and
employees that the Debtors will continue to meet their commitments
during these Chapter 11 cases.  Moreover, the Debtors believe the
DIP Financing is in the best interest of the estates because it is
the Debtors' best financing option and will allow the Debtors to
maximize value for their estates.

If the Debtors are unable to gain access to the DIP Commitment, the
proposed path to a successful going concern sale of the Debtors'
assets would be blocked and the Debtors' value as a whole could be
materially and perhaps irreparably harmed.  The Debtors have no
significant unencumbered cash or other assets.  Absent the
liquidity provided by the DIP Financing and use of cash collateral,
the Debtors would, among other things, be unable to pay vendors and
suppliers resulting in a cessation of their business operations.

The Debtors propose to grant the Postpetition Lenders:

     -- assurances for the full and timely payment of the Debtors'

        obligations under the postpetition documents by granting
        to the Postpetition Lenders (i) pursuant to Section
        364(c)(1) of the U.S. Bankruptcy Code, a superpriority
        administrative expense claim having priority over any and
        all expenses and claims specified in any other section of
        the Bankruptcy Code, including, without limitation,
        Sections 503(b) and 507(b) of the Bankruptcy Code, subject

        and subordinate to the carveout, and (ii) pursuant to
        Section 364(c)(2), (3) and (d) of the bankruptcy Code,
        liens on, and security interest in any and all of the
        postpetition collateral; subject and subordinate only to
        the carveout and the Permitted Priority Liens

     -- allowed superpriority administrative expense claims; and

     -- adequate protection to the prepetition agent and
        prepetition secured parties.

The Debtors may not incur or seek to incur debt secured by a lien
which is equal to, or superior to, the prepetition liens or the
postpetition liens, or which is given superpriority administrative
expense status under Code Section 364(c)(1), unless, in addition to
the satisfaction of all requirements of Code Section 364: (1)
Agents have consented to such order; (2) at the time such an order
is entered, there is no Postpetition Debt outstanding, and no
obligation of Postpetition Lenders to extend Postpetition Debt; or
(3) such credit or debt is first used to, and is sufficient to, pay
in full the aggregate debt.

The Debtors will not seek entry of an order confirming any plan in
any case unless the aggregate debt, subject to any aggregate debt
successfully challenged by any party-in-interest with standing,
shall be Paid in Full on the earlier of (a) the effective date of
such plan or (b) the Termination Date, notwithstanding anything to
the contrary in any such order confirming a plan.

A copy of the Debtor's req request is available at:

            http://bankrupt.com/misc/deb18-10055-17.pdf

                       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.


HORIZON GLOBAL: Moody's Affirms B2 Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service affirmed Horizon Global Corporation's B2
Corporate Family Rating (CFR), B2-PD Probability of Default Rating
(PDR) and SGL-3 Speculative Grade Liquidity Rating. Concurrently,
Moody's assigned a B1 rating to Horizon's proposed new $380 million
senior secured term loan B. Horizon plans to utilize the term loan
proceeds to refinance existing debt and fund the pending
acquisition of Brink Group (Brink). The rating outlook is stable.

The acquisition is credit negative because it will meaningfully
increase leverage Moody's nevertheless affirmed Horizon's ratings
because of the operational benefits of the acquisition and the
company's capacity to reduce leverage through its stable
performance and positive projected free cash flow. In December
2017, Horizon announced the acquisition of Netherlands-based Brink.
Moody's projects that Horizon's debt-to-EBITDA leverage
(approximately 6.0x LTM 9/30/17 incorporating Moody's standard
adjustments and pro-forma for the acquisition) will decline to a
low 5.0x range over the next 12 to 18 months as EBITDA continues to
grow and the company achieves cost savings. Debt-to-EBITDA leverage
prior to the transaction was approximately 4.5x.

The Brink acquisition will expand Horizon's scale, distribution and
product portfolio in the European market while also maintaining a
focus on towing-related equipment . Horizon anticipates achieving
$12.4 in synergies from the acquisition of Brink Group as well as
continuing with margin improvement at Germany-based WESTFALIA --
Automotive Holding GmbH ("Westfalia") that was acquired in October
of 2016. The first year synergies include primarily corporate
reorganization. Horizon also expects to realize approximately $9
million in synergies from Westfalia in 2018. Horizon also expects
to realize synergies from the Westfalia acquisition in 2018.

Moody's took the following rating actions on Horizon Global
Corporation:

Ratings affirmed:

Corporate Family Rating, at B2;

Probability of Default Rating, at B2-PD;

Speculative grade liquidity, at SGL-3

Ratings assigned:

$380 million senior secured first lien term loan due 2024,
assigned at B1 (LGD3)

Ratings unaffected and to be withdrawn upon closing of the
transaction:

$151.6 million (remaining amount) senior secured first lien term
loan due 2021, currently B1 (LGD3)

The outlook is maintained at stable.

RATINGS RATIONALE

The B2 CFR reflects Horizon's modest scale, exposure to cyclical
end markets, high leverage relative to peers and focus on growth
through acquisitions. These considerations are partially mitigated
by the company's good portfolio of brands within its two largest
markets (the US and Australia) in addition to diversification
across sales channels. Horizon also has good aftermarket presence
(approximately 40% of revenue). Moody's projects that Horizon's
leverage will decline following the increase related to the Brink
acquisition. Horizon's liquidity profile is adequate as reflected
in the SGL-3 ratings is supported by existing cash, positive
projected free cash flow and sizable unused capacity under a $99
million ABL revolving credit facility expiring in July 2020 (not
rated).

The stable rating outlook is based on Moody's expectations that the
company's low single digit revenue growth will translate into 12%
EBITDA growth factoring in the anticipated synergies from the
acquisitions of Westfalia and Brink, and lead to improved credit
metrics over the next 12-18 months. The stable outlook also
incorporates the view that the company will be able to reverse the
pressures on cash flow from the relocation of the distribution
facility to Kansas City and the replacement of the paint line in
Mexico announced on January 25th, 2018 and generate free cash flow
of over $20 million in the next twelve months.

Factors that could result in a lower rating include debt / EBITDA
in the 6x area, EBITA / interest under 1.5x, and an EBITA margin
below 5%. Other factors that could result in downward pressure on
the rating include a decline in market position within key markets,
free cash flow being used for equity distributions instead of debt
reduction leverage, significant debt-financed acquisitions, or a
deterioration in liquidity.

Factors that could support a higher rating include sustained debt /
EBITDA of under 4.0x, EBITA / interest above 2.25x, and EBITA
margin above 7%, and demonstrated success in diversifying the
company's revenue base geographically.

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

Horizon, headquartered in Troy, Michigan, is a manufacturer and
distributor of towing, trailer, cargo management and other products
primarily for the automotive market. In October 2017, Horizon
announced the acquisition of Netherlands-based Brink Group.
Pro-forma for the acquisition, revenue for the 12 months ended
September 2017 was approximately $1.0 billion.


HORIZON GLOBAL: S&P Rates New $380MM Term Loan 'B'
--------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on
Troy, Mich.-based auto supplier Horizon Global Corp. The outlook
remains negative.

S&P said, "At the same time, we assigned our 'B' issue-level rating
and '3' recovery rating to the new $380 million term loan due 2024.
The '3' recovery rating indicates our expectation that debtholders
would realize meaningful (50%-70%; rounded estimate: 50%) recovery
in the event of a payment default.

"Additionally, we affirmed our 'B-' issue-level rating on Horizon's
convertible notes due 2022. The '5' recovery rating remains
unchanged, indicating our expectation that debtholders would
realize modest (10%-30%; rounded estimate: 15%) recovery in the
event of a payment default.

"We expect to withdraw all of our ratings on Horizon's existing
term loan B due 2021 ($152 million outstanding as of Sept. 30,
2017) upon the close of the transaction.

"The rating on Horizon Global reflects our highly leveraged
assessment of the company's financial risk profile. Specifically,
we believe that the proposed term loan will increase the company's
debt leverage to between 5.6x and 6.0x in 2018 (compared with our
previous expectations of 4.0x-5.0x) and lead its free operating
cash flow (FOCF)-to-debt ratio to remain in the 2.0%-3.0% range. We
revised our comparable ratings modifier on Horizon to neutral from
negative because the company's financial risk is now consistent
with that of its rated peers. However, we are maintaining our
negative outlook on Horizon because we assume that its credit
metrics will continue to underperform our expectations due to the
additional debt it will take on to fund its acquisition of the
Brink Group (a Netherlands-based towing and trailering equipment
manufacturer)."

The negative outlook on Horizon reflects the increased risk that
the company's debt-to-EBITDA will remain above 6.0x over the next
12 months. While S&P believes the company will produce a small
amount of free cash flow in 2018, its elevated leverage increases
the risk that it will downgrade it if the demand for its
discretionary products declines or there are major issues with its
integration of the Brink Group.

S&P said, "We could lower our ratings on Horizon if the company's
FOCF turns negative for consecutive quarters or its debt-to-EBITDA
remains above 6.0x over the next 12 months without a definitive
pathway for further debt reduction. This could be due to a
lower-than-expected level of synergies from Westfalia and Brink or
management's increased use of the company's cash flows for purposes
other than debt reduction.

"We could also lower our ratings if Horizon's EBITDA margins remain
below 9% on a sustained basis because of greater-than-anticipated
competitive pressure, a lack of synergies from its recent
acquisitions, or a sharp increase in the number of lower priced
private-label brands in the highly profitable retail channel.

"We could revise our outlook on Horizon to stable if the company
reduces its debt-to-EBITDA toward 5.0x while generating a
FOCF-to-debt ratio of 3%-5% on a sustained basis. We would also
want the company to demonstrate some progress in realizing
synergies from the Brink Group and Westfalia acquisitions, causing
its EBITDA margins to approach more than 10% on a sustained basis."


HOVNANIAN ENTERPRISES: Fails to Get OK to Amend 2022 Notes Contract
-------------------------------------------------------------------
Hovnanian Enterprises, Inc., said that its wholly owned subsidiary
K. Hovnanian Enterprises, Inc.'s previously announced solicitation
of consents with respect to its 10.000% Senior Secured Notes due
2022 expired at 5:00 p.m., New York City time, on Jan. 22, 2018.
As of the Expiration Date, K. Hovnanian had not received the
requisite consents to adopt the proposed amendments to the
indenture governing K. Hovnanian's 2022 Notes and 10.500% Senior
Secured Notes due 2024 from holders of the 2022 Notes.  As a result
the terms of the Indenture with respect to the 2022 Notes will not
be modified and remain unchanged.  As previously announced on Jan.
16, 2018, K. Hovnanian received the requisite consents to adopt the
Proposed Amendments to the Indenture with respect to the 2024 Notes
from holders of the 2024 Notes in connection with K. Hovnanian's
previously announced solicitation of consents with respect thereto,
which expired with respect to the 2024 Notes at 5:00 p.m., New York
City time, on Jan. 12, 2018. As a result, the Indenture has been
modified for the Proposed Amendments with respect to the 2024
Notes.

                 About Hovnanian Enterprises

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

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

                          *     *     *

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

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

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


HOVNANIAN ENTERPRISES: Modifies Condition to Its Exchange Offer
---------------------------------------------------------------
Hovnanian Enterprises, Inc. announced that its wholly-owned
subsidiary, K. Hovnanian Enterprises, Inc., has modified the
Consent Solicitation Condition to its private offer to exchange up
to $185,000,000 aggregate principal amount of the Issuer's
outstanding 8.000% Senior Notes due 2019 for (1) cash, (2) its
newly issued 13.5% Senior Notes due 2026 and (3) its newly issued
5.0% Senior Notes due 2040 on the terms and subject to the
conditions set forth in a Confidential Offering Memorandum, dated
Dec. 28, 2017, and in the related Letter of Transmittal.

As previously announced, the Exchange Offer is conditioned upon the
satisfaction or, if applicable, waiver of a number of conditions,
which are more fully described in the Offering Memorandum,
including, among others, receipt of consents from a majority of the
outstanding principal amount of each of the Issuer's 10.000% Senior
Secured Notes due 2022 and 10.500% Senior Secured Notes due 2024 to
certain proposed amendments to the indenture governing the 10.000%
Notes and the 10.500% Notes.  The Issuer modifies the Consent
Solicitation Condition so that, in addition to the other conditions
of the Exchange Offer set forth in the Offering Memorandum, the
exchange of Existing Notes for the Exchange Consideration in the
Exchange Offer will be conditioned on receipt of consents from a
majority of the outstanding principal amount of the Issuer's
10.500% Notes to certain proposed amendments to the Indenture, but
will not be conditioned upon receipt of consents to such proposed
amendments from a majority of the outstanding principal amount of
the 10.000% Notes.  The Issuer further announces that the Exchange
Offer Documents will be deemed to be amended so that the term
"Consent Solicitation Condition", as used in the Exchange Offer
Documents, will mean that the Issuer has received consents from a
majority of the outstanding principal amount of the 10.500% Notes
to the Proposed Amendments (as defined in the Offering Memorandum)
to the Indenture and all conditions to the effectiveness of the
Proposed Amendments with respect to the 10.500% Notes are satisfied
or waived by the Issuer.

The Exchange Offer remains conditioned upon the other conditions
set forth in the Offering Memorandum and, other than the
modification of the Consent Solicitation Condition with respect to
the 10.000% Notes, the other terms and conditions of the Exchange
Offer remain unchanged.

Global Bondholder Services Corporation is serving as the exchange
agent and information agent for the Exchange Offer.  Any questions
regarding procedures for tendering Existing Notes and requests for
copies of the Exchange Offer Documents may be directed to Global
Bondholder Services Corporation by phone at 866-470-4300 (toll
free) or 212-430-3774.

                  About Hovnanian Enterprises

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

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

                          *     *     *

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

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

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


HUBBARD GROUP: Seeks Final Approval to Use Cash Collateral
----------------------------------------------------------
The Hubbard Group, L.L.C. asks the U.S. Bankruptcy Court for the
Eastern District of Virginia to authorize its use of cash
collateral, upon which Velocity Commercial Capital, LLC may assert
an interest, on a final basis.

The Debtor proposes to use cash collateral for reasonable and
necessary general operating and administrative expenses during
Debtor's reorganization.

Velocity Commercial is the holder of an adjustable rate note in the
original principal amount of $1,040,000. As of the Petition Date,
the non-default rate of interest was 8.49% per annum, the loan
purportedly had an unpaid balance of $1,137,000.

The Debtor owns the real property at 56 Foreston Woods Drive,
Stafford, VA 22554, which the Debtor claim is worth approximately
$2,240,000 as of the Petition Date. The Property is encumbered by a
deed of trust dated June 19, 2015, securing a note payable due by
Debtor to Velocity Commercial in the face amount of $1,040,000
(current payoff with accrued interest is purportedly approximately
$1,178,000). Therefore, the Debtor believes that Velocity
Commercial has an equity cushion in the Property of more than
$1,000,000.

Accordingly, the Debtor proposes no additional adequate protection
other than replacement liens in cash collateral as Velocity
Commercial is adequately protected by an equity cushion in the
value of the Property and interests in other collateral.

The Debtor also proposes to use cash collateral subject to
following provisions:

      (a) The Debtor will pay to Velocity Commercial current
monthly escrow payments for insurance and taxes in the amount of
$465.42, and $1,871.84, respectively.

      (b) The Debtor will pay to Velocity Commercial adequate
protection payments under Bankruptcy Code Section 362(d)(3) in the
amount of $7,358.00 (i.e., $1,040,000 (face amount of note) x 8.49%
per annum / 12 months per year) (or such other amount to be
determined by the Court), commencing 90 days after entry of the
order for relief or 30 days after entry of this order, whichever is
later, with such payments to be applied to principal.

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

         http://bankrupt.com/misc/vaeb18-10073-14.pdf

                   About The Hubbard Group

The Hubbard Group, L.L.C., is a single asset real estate company
based in Stafford, Virginia.  The Hubbard Group filed a Chapter 11
petition (Bankr. E.D. Va. Case No. 18-10073) on Jan. 7, 2018.  In
the petition signed by Leticia C. Mason, sole member-managing
member, the Debtor estimated $1 million to $10 million in assets
and $1 million to $10 million in liabilities.  Judge Klinette H.
Kindred is assigned to the case.  Sands Anderson PC serves as the
Debtor's bankruptcy counsel.


ITUS CORP: CEO Gets Base Salary Hike to $360,000 Per Year
---------------------------------------------------------
The compensation committee of the Board of Directors of ITUS
Corporation approved certain changes to the compensation of Dr.
Amit Kumar, the president, chief executive officer and chairman of
the Board of Directors of the Company, and Michael J. Catelani, the
chief operating officer and chief financial officer of the Company.
Specifically, Dr. Kumar's base salary was increased from $300,000
per year to $360,000 per year and Mr. Catelani's base salary was
increased from $229,000 per year to $252,500 per year, such
increases to be effective retroactively as of Jan. 1, 2018.  In
addition, each of Dr. Kumar and Mr. Catelani received a cash bonus
of $33,333 to be paid by Jan. 31, 2018.

The Company also approved a new policy permitting employees of the
Company that have waived health insurance coverage to receive the
cash value of their eligible health insurance benefits.  As a
result of this new policy, Dr. Kumar will receive approximately
$25,000 in cash in lieu of receiving health insurance benefits
during its fiscal year 2018.

                     About ITUS Corporation

San Jose, California-based ITUS Corporation (NASDAQ:ITUS) --
http://www.ITUScorp.com/-- funds, develops, acquires, and licenses
emerging technologies in areas such as biotechnology.  Formerly
known as CopyTele, the Company is developing a platform called
Cchek, a series of non-invasive, blood tests for the early
detection of solid tumor based cancers, which is based on the
body's immunological response to the presence of a malignancy.
CopyTele changed its name to "ITUS Corporation" on Sept. 2, 2014,
to reflect the Company's change in its business operations.

ITUS Corporation reported a net loss attributable to common
stockholders of $7.01 million on $362,500 of revenue for the year
ended Oct. 31, 2017, compared to a net loss attributable to common
stockholders of $5.01 million on $300,000 of revenue for the year
ended Oct. 31, 2016.  As of Oct. 31, 2017, ITUS Corp. had $8.81
million in total assets, $889,493 in total liabilities and $7.92
million in total shareholders' equity.

"As of the date of filing of our last annual report on Form 10-K,
there was substantial doubt about our ability to continue as a
going concern due to the limited amount of cash, cash equivalents
and short-term investments we held as compared to our projected
cash needs for the ensuing twelve months.  We evaluated our cash
position and future plans for the Company and embarked on a plan to
ensure we had sufficient resources to execute our plans.
Accordingly, over the past twelve months, we raised nearly $12
million through multiple financing arrangements, including a
shareholder rights offering, a registered direct offering, and an
at-the-market equity offering, and satisfied debt obligations
through payments of cash and common stock.  With no significant
debt and approximately $6.8 million in cash, cash equivalents and
short-term investments as of October 31, 2017, we believe that we
have alleviated substantial doubt about our ability to continue as
a going concern," the company stated in its quarterly report for
the year ended Oct. 31, 2017.

"Based on currently available information as of January 9, 2018, we
believe that our existing cash, cash equivalents, short-term
investments and expected cash flows will be sufficient to fund our
activities for the next 12 months."


JAMES SKEFOS: Pruett Buying Interest in Memphis Property for $9K
----------------------------------------------------------------
James Skefos asks the U.S. Bankruptcy Court for the Western
District of Tennessee to authorize the sale of his interest in the
single family dwelling located at 3817 Chelsea Avenue Ext.,
Memphis, Tennessee to Gene D. Pruett for $9,000.

The Debtor is a partner in SB Millbranch Partners which owns the
Property.  Said Property is appraised by the Shelby County Assessor
for $13,500.  Pursuant to 11 U.S.C. Section 541, the Debtor's
partnership interest in the Property is part of his bankruptcy
estate; however, the partnership Property itself is not included in
the bankruptcy estate.

Pursuant to 11 U.S.C. Section 363, after notice and hearing, the
chapter 11 trustee may sell property of the estate to persons that
are not affiliated with the Debtor.

The Debtor has obtained a contract for sale of said Property to the
Buyer for $9,000, with $1,000 deposit.  The Debtor believes the
sales price obtained reflects the current market value and is the
highest and best price and it is in the best interest of the Debtor
to sell the said Property.  The partners intend to retain the net
proceeds in the partnership account and the Debtor's share will not
be distributed to him per the parties' partnership agreement.

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

    http://bankrupt.com/misc/James_Skefos_144_Sales.pdf

The Debtor asks that the Court authorize him to retain the sales
proceeds in the partnership account for further business use.

Finally, the Debtor asks that the Court waives the notice
requirement of Bankruptcy Rule 2002 and sets the matter for an
expedited hearing on Feb. 1, 2018 along with other matters because
no creditor of the Debtor is affected by the sale.

James Skefos sought Chapter 11 protection (Bankr. W.D. Tenn. Case
No. 17-28243) on Sept. 18, 2017.  The Debtor tapped Daniel Lofton,
Esq., at Craig & Lofton, P.C., as counsel.


JAMES SKEFOS: THM Buying Interest in Memphis Property for $500K
---------------------------------------------------------------
James Skefos asks the U.S. Bankruptcy Court for the Western
District of Tennessee to authorize the sale of his interest in the
commercial property at 84 North Main Street, Memphis, Tennessee to
THM Memphis Acquisitions, LLC, for $500,000.

The Debtor is a partner in Skefos and Coulobaritsis, a general
partnership, which owns the Property.  Pursuant to 11 U.S.C.
Section 541, the Debtor's partnership interest in the Property is
part of his bankruptcy estate; however, the partnership Property
itself is not included in the bankruptcy estate.

The Debtor has not obtained a formal appraisal, but the subject
Property is appraised by the Shelby County Assessor's office for
$159,600.  The Property is approximately 11,000 square feet and is
zoned commercial.  The contract calls for the Property to be sold
to the Buyer for $500,000 in "as is, where is" condition.  The
Closing take place subsequent to Feb. 23, 2018 unless delayed
solely by the Court.

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

    http://bankrupt.com/misc/James_Skefos_143_Sales.pdf

The Debtor believes the sales price obtained is in excess of the
current market value and it is in the best interest of Debtor and
the partnership to sell the said Property.  The partners intend to
retain the net proceeds to make an IRS sec. 1031 "like-kind
property exchange," and the Debtor is asking that he be allowed to
retain his half of said proceeds in the partnership account for
said purpose.

The Debtor asks instruction on all future properties that may be
sold by the limited liability companies or partnerships of which he
is a member as he believes any such sale is in the regular course
of his business and does not require Court approval pursuant to ll
U.S.C. 363(c).

The Debtor asks that the Court waives the notice requirement of
Bankruptcy Rule 2002 and sets the matter for an expedited hearing
on Feb. 1, 2018 along with other matters because no creditor of the
Debtor is affected by the sale.

The Purchaser:

          THM MEMPHIS ACQUISITIONS, LLC
          70 East 55th Street
          New York, NY 10022

The Sellers:

          James J. Skefos and
          Jerry Couloubaritsis
          756 East Brookhaven Circle
          Memphis, TN 38117

Counsel for Debtor:

          Eugene G. Douglass, Esq.
          2820 Summer Oaks Drive
          Bartlett, TN 38134
          Telephone: (901) 388-5804

James Skefos sought Chapter 11 protection (Bankr. W.D. Tenn. Case
No. 17-28243) on Sept. 18, 2017.  The Debtor tapped Daniel Lofton,
Esq., at Craig & Lofton, P.C., as counsel.


JAMES SKEFOS: Wilson Buying Interest in Memphis Property for $42K
-----------------------------------------------------------------
James Skefos asks the U.S. Bankruptcy Court for the Western
District of Tennessee to authorize the sale of his interest in the
commercial property at 1868 Manila Avenue, Memphis, Tennessee to
Wilson and Volmer Investments, LLC, for $42,000.

The Debtor is a partner in SB Millbranch Partners which owns the
Property.  Pursuant to 11 U.S.C. Section 541, the Debtor's
partnership interest in the Property is part of his bankruptcy
estate; however, the partnership Property itself is not included in
the bankruptcy estate.

Pursuant to 11 U.S.C. Section 363, after notice and hearing, the
chapter 11 trustee may sell property of the estate to persons that
are not affiliated with the Debtor.

The Debtor has obtained a contract for sale of said property to the
Buyer for the sum of $42,000, with $500 earnest money.  The Debtor
believes the sales price obtained reflects the current market value
and is the highest and best price and it is in the best interest of
the Debtor to sell the said Property.  The partners intend to
retain the net proceeds in the partnership account and the Debtor's
share will not be distributed to him per the parties' partnership
agreement.

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

    http://bankrupt.com/misc/James_Skefos_145_Sales.pdf

The Debtor asks that the Court authorize him to retain the sales
proceeds in the partnership account for further business use.

Finally, the Debtor asks that the Court waives the notice
requirement of Bankruptcy Rule 2002 and sets the matter for an
expedited hearing on Feb. 1, 2018 along with other matters because
no creditor of the Debtor is affected by the sale.

James Skefos sought Chapter 11 protection (Bankr. W.D. Tenn. Case
No. 17-28243) on Sept. 18, 2017.  The Debtor tapped Daniel Lofton,
Esq., at Craig & Lofton, P.C., as counsel.


JODY KEENER: Cortez Buying Cedar Rapids Property for $27K
---------------------------------------------------------
Renee K. Hanrahan, the Chapter 11 Trustee for Jody Keener, asks the
U.S. Bankruptcy Court for the Northern District of Iowa to
authorize the sale of the fee simple interest in the real estate
located at 4102 Paradise Court NW, Cedar Rapids, Iowa, and legally
described as Lot 3, Connie First Addition in the City of Cedar
Rapids, Iowa, to Carlos W. Cortez for $27,050.

On Schedule A of the Debtor's bankruptcy schedules filed July 28,
2014 at page 10, the Debtor lists a fee simple interest in the
Property.  On Jan. 8, 2018, the Trustee received an offer to
purchase the real estate described above for $27,050.

A copy of the Residential Real Estate Purchase Agreement attached
to the Motion is available for free at:

     http://bankrupt.com/misc/Jody_Keener_1004_Sales.pdf

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

Super Wings International, Ltd. also holds an interest in the
Property as a result of a judgment lien which stems from the final
judgment entered in the U.S. District Court for the Northern
District of Iowa in Case No. C09-1 15-JSS.  This lien is inferior
to the mortgages of CCCU on the Property in the bankruptcy estate.

The Trustee posits that the sale proposed is in the best interests
of the bankruptcy estate and its creditors.  The proceeds
anticipated to be paid to CCCU will exceed $23,000.  This will
reduce the balance owed on the notes and mortgages held by CCCU and
advance the payment of these obligations, in contemplation of
eventual real estate sales for the benefit of Super Wings and
possibly the unsecured creditors of the estate.

The Trustee asks approval of the proposed sale of the Property free
and clear of all liens and encumbrances.  The mortgages of CCCU
will attach to the proceeds of sale and the net proceeds after
payment of the ordinary costs of sale will be paid to CCCU.

In the event the Court approves the Motion, the Trustee asks
authority to pay: (i) real estate commissions; (ii) a proration of
all real estate taxes on the property at 4102 Paradise Court NW to
the date of closing; (iii) all abstracting costs and other
customary sales expenses such as escrow closing services, document
preparation, and transfer taxes (if applicable); and (iv) the
remaining sums will be payable to CCCU in order to reduce the
balance owed to this creditor pursuant to the mortgages executed by
the Debtor in favor of CCCU.

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

Counsel for Trustee:

          Jeffrey P. Taylor, Esq.
          KLINGER, ROBINSON & FORD, L.L.P.
          401 Old Marion Road NE
          P.O. Box 10020
          Cedar Rapids, IA 52410-0020
          Telephone: (319) 395-7400
          Facsimile: (319) 395-9041
          E-mail: jtaylor@krflawfirm.com

Jody Keener sought Chapter 11 protection (Bankr. N.D. Iowa Case No.
14-1169) on July 28, 2014.  Renee K. Hanrahan was appointed to
serve as the Debtor's Chapter 11 Trustee by Order of the Court
filed April 6, 2017.


JOHN Q. HAMMONS: $79K Sale of Springfield Property Approved
-----------------------------------------------------------
Judge Robert D. Berger of the U.S. Bankruptcy Court for the
District of Kansas authorized John Q. Hammons Fall 2006, LLC and
its affiliates to sell the residential lot described as Lot 14,
Kingswood Phase II, Highland Springs, Greene County, Missouri,
commonly known as 5182 E. Whitehaven Dr., Springfield, Missouri, to
Marcus R. Johnson and Sarah E. Johnson for $79,000.

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

At the time of closing, and from the proceeds of the sale, the
Trust is authorized and directed to pay its share of the closing
costs and all past due and outstanding taxes with respect to the
Real Estate.  The Trust is further directed to pay to Great
Southern Bank in satisfaction of its lien on the Real Estate the
greater of (1) 80% of the sale proceeds, less standard closing
costs, or (2) $50,000.

                  About John Q. Hammons Fall 2006

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

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

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

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


JW ALUMINUM: S&P Assigns 'B-' Corp. Credit Rating, Outlook Stable
-----------------------------------------------------------------
U.S.-based aluminum products producer JW Aluminum Continuous Cast
Co. is pursuing a refinancing to pay down its existing first-lien
term loans (unrated) and help fund a planned refurbishment of its
manufacturing operations. JW Aluminum will fund the transaction
primarily with new $300 million senior secured notes maturing 2026
and $35 million shareholder equity.

S&P Global Ratings assigned its 'B-' corporate credit rating to
Goose Creek, S.C.-based JW Aluminum Continuous Cast Co. The outlook
is stable.

S&P said, "At the same time, we assigned our 'B-' issue-level
rating to the company's proposed $300 million senior secured notes
due 2026. The recovery rating is '3', indicating our expectation of
meaningful (50%-70%; rounded estimate: 60%) recovery in the event
of a payment default.

"Our 'B-' corporate credit rating reflects JW Aluminum's exposure
to the highly competitive and cyclical aluminum rolled products
market and related cash flow and working capital volatility as well
as its weak credit metrics. Furthermore, the incremental debt
associated with the company's expansion of its flat rolled aluminum
operations, which is mainly debt-financed, will lead to
persistently weak credit metrics over the next three years.
Specifically, we expect JW Aluminum's adjusted debt balance to
increase to about $300 million by year-end 2018 from nearly $200
million as of Sept. 30, 2017, which will generate adjusted debt to
EBITDA of 6x and EBITDA interest coverage of roughly 2x in 2018 and
2019. We also view JW Aluminum's cash flow volatility to be an
important factor in the company's credit quality, especially
considering the negative EBITDA it produced in 2015 due to a
decline in liquidity and extreme volatility in the Midwest aluminum
premium price.

"The stable outlook reflects our view that JW Aluminum's
operational performance will remain steady given elevated aluminum
prices and solid volumes, albeit completing its additional capacity
project on time and on budget is a key risk factor. We expect
adjusted debt to EBITDA of about 6x and adjusted EBITDA margins of
about 10% over the next 12 months.

"We could lower our ratings on JW Aluminum over the next 12 months
if credit metrics were to deteriorate due to weak operational
performance or cost overruns related to its boilermaker project.
Specifically, we could lower our rating if the company produced
EBITDA interest coverage approaching 1x, because this would likely
represent an unsustainable capital structure. This could occur if
liquidity were to materially weaken with higher free cash flow
deficits. At the 'CCC+' rating, we would view the company as
vulnerable and dependent upon favorable business, financial, and
economic conditions to meet its financial commitments.

"Although an upgrade is highly unlikely over the next 12 months, we
could raise our ratings on JW Aluminum if it were able to execute
its growth strategy or exceed our expectations of operational
performance. The company would also need to maintain a lower risk
and more diverse asset base with less exposure to aluminum prices.
We could also consider an upgrade if the company sustained notably
stronger credit metrics and its owners were supportive of lower
levels of debt leverage. This could be the result of stronger
pricing and demand and successful execution of its expansion
project."


JXB 84 LLC: Plan Filing Period Moved to April 27; Mediation Okayed
------------------------------------------------------------------
Judge A. Jay Cristol of the U.S. Bankruptcy Court for the Southern
District of Florida has extended the exclusive period for JXB 84
LLC to file a plan to April 27, 2018, without prejudice to
requesting more time if necessary.

The Court authorized the mediation and allowed the Debtor to submit
the local form order.  The hearing scheduled for Feb. 1, 2018 is
cancelled.

The Troubled Company Reporter has previously reported that JXB 84
sought for a 90-day extension of the exclusivity periods within
which to negotiate with creditors and file a bankruptcy-exit plan
and disclosure statement, and to solicit acceptances for the plan.

JXB 84 told the Court that Deutsche Bank and the Debtor have been
preliminarily exploring the possibilities of a consensual plan, but
additional time is needed, and perhaps mediation.

                      About JXB 84 LLC

JXB 84 LLC is in the real estate business.  JXB 84 LLC's principal
assets are located at 228 Senator St. Brooklyn, NY 11220.  JXB 84
LLC (DE) filed a Chapter 11 petition (Bankr. S.D. Fla. Case No.
17-21785) on Sept. 27, 2017.  The petition was signed by Jared
Dotoli, its manager.  The case is assigned to Judge Jay A. Cristol.
The Debtor is represented by Joel M. Aresty, Esq., at Joel M.
Aresty P.A.  At the time of filing, the Debtor estimated $1 million
to $10 million in assets and $500,000 to $1 million in liabilities.



KDM CONSTRUCTION: Premier Choice Seeks Appointment of Trustee
-------------------------------------------------------------
Premier Choice Realty and Investments, LLC, supplements its Motion
to Dismiss filed on December 8, 2017, specifically asking the U.S.
Bankruptcy Court for the Northern District of Georgia to appoint a
chapter 11 trustee to manage the assets and affairs of KDM
Construction and Development, LLC.

Premier Choice Realty contends that the Debtor has acted
dishonestly and fraudulently. Further, the Debtor is unable to
effectuate a plan due to incompetence and gross mismanagement. As
such, Premier Choice Realty believes that appointment of a chapter
11 trustee is in the best interest of the creditors.

Attorney for Premier Choice Realty:

            Leon S. Jones, Esq.
            JONES & WALDEN, LLC
            21 Eighth Street, NE
            Atlanta, GA 30309
            Phone: (404) 564-9300
            Email: ljones@joneswalden.com

                   About KDM Construction & Development LLC

Based in Adairsville, Georgia, KDM Construction & Development, LLC
is a privately held company in the residential building
construction industry.  

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Ga. Case No. 17-42661) on November 7, 2017.
Danny McDaniel, its manager, 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 Paul W. Bonapfel presides over the case.

The Company previously sought bankruptcy protection (Bankr. N.D.
Ga. Case No. 17-41820) on July 31, 2017.


KEYSTONE PODIATRIC: Taps Cunningham as Legal Counsel
----------------------------------------------------
Keystone Podiatric Medical Associates, P.C., seeks approval from
the U.S. Bankruptcy Court for the Middle District of Pennsylvania
to hire Cunningham, Chernicoff & Warshawsky, P.C. as its legal
counsel.

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

The firm's hourly rates are:

     Robert Chernicoff, Esq.         $350
     Partners                    $200 - $300
     Associate Attorneys         $150 - $200
     Paralegals                      $100

The Debtor will employ the firm on a general pre-bankruptcy
retainer of $3,950.

Robert Chernicoff, Esq., a shareholder of Cunningham, disclosed in
a court filing that his firm has no connection with the Debtor, its
creditors or any other party with actual or potential interest in
the Debtor's case.

Cunningham can be reached through:

     Robert E. Chernicoff, Esq.
     Cunningham, Chernicoff & Warshawsky, P.C.
     2320 North Second Street
     P.O. Box 60457
     Harrisburg, PA 17106-0457
     Phone: (717) 238-6570
     Fax: (717) 238-4809
     E-mail: rec@cclawpc.com

           About Keystone Podiatric Medical Associates

Keystone Podiatric Medical Associates, P.C. --
https://www.keystonefootdoc.com -- provides foot and ankle care in
Biglerville, West Shore, Londonderry, and Paxtonia.  Keystone
Podiatric sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. M.D. Pa. Case No. 18-00062) on Jan. 9, 2018.  Richard A.
Rogers, DPM, CEO, signed the petition.  At the time of the filing,
the Debtor estimated assets of less than $50,000 and liabilities of
$1 million to $10 million.  Judge Henry W. Van Eck presides over
the case.  Cunningham, Chernicoff & Warshawsky, P.C., is the
Debtor's counsel.


KIKO USA: Taps BMC Group as Claims Agent
----------------------------------------
KIKO USA, Inc. seeks approval from the U.S. Bankruptcy Court for
the District of Delaware to hire BMC Group, Inc., as its claims and
noticing agent.

The firm will oversee the distribution of notices and the
maintenance, processing and docketing of proofs of claim filed in
the Debtor's Chapter 11 case.

The firm received a retainer in the sum of $25,000 from the Debtor
before the petition date.

BMC Group President Tinamarie Feil disclosed in a court filing that
her firm is a "disinterested person" as defined in section 101(14)
of the Bankruptcy Code.

The firm can be reached through:

     Tinamarie Feil
     BMC Group, Inc.
     600 First Avenue, Suite 203
     Seattle, WA 98104
     Phone: 1-206-516-3300

                          About KIKO USA

KIKO USA, Inc., is a retailer of cosmetics and a wholly-owned
subsidiary of Italy's KIKO S.p.A.  KIKO S.p.A. was founded in 1997
by Stefano Percassi, and it is controlled, through Odissea S.r.L.,
by Antonio Percassi, an Italian entrepreneur who has founded
family-owned companies based in Bergamo, Italy.  KIKO USA's
products are also available in the United States via online sales
via the Web site http://www.kikocosmetics.com/and, more recently,
on Amazon.com utilizing the Fulfillment by Amazon program (Amazon
Prime).  KIKO USA has 29 retail stores in the U.S.A. located in 26
shopping malls and three street locations.

KIKO USA sought Chapter 11 protection (Bankr. D. Del. Case No.
18-10069) on Jan. 11, 2018, with plans to close 24 of 29 stores.

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

The Hon. Mary F. Walrath is the case judge.

The Debtor tapped Perkins Coie LLP as general bankruptcy counsel;
Saul Ewing Arnstein & Lehr LLP as local bankruptcy counsel; and
Mark Samson as chief restructuring officer.


LAS FLORES: Taps George Peter Klee as Accountant
------------------------------------------------
Las Flores, Inc., seeks approval from the U.S. Bankruptcy Court for
the Western District of New York to hire George Peter Klee CPA,
LLC, as its accountant.

The services to be provided by the firm include assisting the
Debtor's preparation and filing of tax returns and monthly
operating reports; providing accounting work; and working with the
U.S. Trustee's Office and other parties.

The firm charges $125 per hour for the services of its accountants
and $75 per hour for the staff.

Christopher Klee, a member of George Peter Klee, 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:

     Christopher Klee
     George Peter Klee CPA, LLC
     53 Canterbury Road
     Rochester, NY 14607
     Phone: 585-482-2080
     E-mail: info@gpkaccounting.com

                        About Las Flores

Las Flores, Inc., which conducts business under the name The
Gatehouse Cafe, is a restaurant located within Village Gate in the
City of Rochester.  Las Flores sought protection under Chapter 11
of the Bankruptcy Code (Bankr. W.D.N.Y. Case No. 17-21302) on Dec.
7, 2017.  At the time of the filing, the Debtor estimated assets of
less than $50,000 and liabilities of $500,000.  Dibble & Miller,
P.C., is the Debtor's bankruptcy counsel.


LEWIS SPECIALTIES: Taps John H. Nguyen as Tax Service Provider
--------------------------------------------------------------
Lewis Specialties Trucking Service, LLC, seeks approval from the
U.S. Bankruptcy Court for the Eastern District of Texas to hire
John H. Nguyen and Associates, LLC to provide financial and tax
services.

The services to be rendered by Nguyen include assisting the Debtor
in the preparation of its monthly operating reports; preparing its
amended tax returns; and tracking and submitting billing to the
court.  The firm will be paid these monthly fees for its services:

     Bookkeeping/Taxes     $250
     Payroll               $250
     Bankruptcy MOR        $250

John Nguyen and his associates at the firm are "disinterested" as
defined in section 101(14) of the Bankruptcy Code, according to
court filings.

The firm can be reached through:

     John H. Nguyen
     John H. Nguyen and Associates, LLC
     1504 S. 21st
     Nederland, TX 77627
     Tel: 409-727-2750
     Fax: 409-727-3372
     Email: taxes@jhntax.com

                     About Lewis Specialties

Founded in 1992, Lewis Specialties Trucking Service LLC --
http://www.lewisspecialties.com-- offers full-service truck and
trailer maintenance, truck painting, washing, repairs, and
refurbishing, to name a few. The Company posted gross revenue of
$4.51 million in 2016 and gross revenue of $3.07 million in 2015.

Lewis Specialties, based in Groves, Texas, filed a Chapter 11
petition (Bankr. E.D. Tex. Case No. 17-10270) on May 5, 2017.  In
the petition signed by Antonio Lewis, president, the Debtor
disclosed $636,329 in assets and $1.20 million in liabilities.  The
Hon. Bill Parker presides over the case.  Robert E. Barron, Esq.,
at Barron and Barron, L.L.P., serves as bankruptcy counsel to the
Debtor.


LSF 10 CEDAR: S&P Keeps B+ Rating on $520 Loan Amid $40MM Add-on
----------------------------------------------------------------
S&P Global Ratings said its 'B+' issue-level rating on Roswell,
Ga.-based producer of resins and surface overlay products LSF 10
Cedar Investments Ltd. (Arclin)'s $520 million first-lien senior
secured term loan ($518 million outstanding) is unchanged following
Arclin's proposed issuance of a $40 million incremental add on to
the first-lien term loan to repay a portion of its second-lien term
loan. S&P said, "The recovery rating on the facility remains '2',
indicating our expectation for substantial (70%-90%; rounded
estimate: 70%) recovery in the event of a payment default. We have
changed the recovery expectations to 70% from 80%. Concurrent with
the issuance, the company is also looking to reduce pricing on its
first-lien term loan."

The 'CCC+' issue-level rating on the $125 million second-lien
senior secured term loan ($85 million outstanding) is also
unchanged. The recovery rating remains '6', indicating S&P's
expectation for negligible (0%-10%; rounded estimate: 0%) recovery
to creditors in the event of a payment default.

The borrower of the first-lien and second-lien term loans is New
Arclin U.S. Holding Corp. S&P has updated its recovery analysis
below to reflect the changes in Arclin's debt structure.

S&P's 'B' corporate credit rating and stable rating outlook on LSF
10 Cedar Investments Ltd. (Arclin) are unchanged.

RECOVERY ANALYSIS

Key analytical factors

-- S&P said, "Our recovery rating on Arclin's $520 million
first-lien term loan due 2024 is '2', which indicates our
expectation of substantial (70%-90%; round estimate 70%) recovery
in the event of a payment default. As per our notching criteria,
the issue-level rating on the term loan is 'B+'."

-- S&P said, "Our recovery rating on Arclin's $125 million
second-lien term loan due 2025 is '6' which indicates our
expectation of negligible (0%-10%; round estimate 0%) recovery in
the event of a payment default. As per our notching criteria, the
issue-level rating on the term loan is 'CCC+'."

-- S&P's simulated default scenario contemplates a default in
2021, reflecting a more competitive environment coupled with
increased costs and a significant decline in sales volume across
end markets.

Simplified recovery waterfall

-- Emergence EBITDA: $90 mil.

-- Multiple: 5x

-- Gross recovery value: $445 mil.

-- Net recovery value for waterfall after admin. expenses (5%):
$425 mil

-- Obligor/nonobligor valuation split: 100%/0%

-- Estimated priority claims (asset-based lending facility or
other): $45 mil.

-- Remaining recovery value: $375 mil.

-- Estimated first-lien claim: $515 mil.

-- Value available for first-lien claim: $375 mil.

    --Recovery range: 70%-90%; rounded estimate 70%

-- Remaining recovery value: $0

-- Estimated second-lien claim: $90 mil.

-- Value available for second-lien claim: $0

    --Recovery range: 0%-10%; rounded estimate 0%

Note: All debt amounts include six months of prepetition interest.

Ratings List

  LSF 10 Cedar Investments Ltd. (Arclin)
   Corporate Credit Rating                       B/Stable/--

  Ratings Unchanged; Recovery Expectations Revised
                                                 To         From
  New Arclin U.S. Holding Corp.
   $520 mil first-lien sr sec term loan          B+         B+
    Recovery Rating                              2(70%)     2(80%)

  Ratings Unchanged

  New Arclin U.S. Holding Corp.
   $125 mil. second-lien sr sec term loan        CCC+
    Recovery Rating                              6(0%)


MALLINCKRODT PLC: S&P Affirms 'BB-' CCR, Off CreditWatch
--------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' corporate credit rating on
Mallinckrodt Plc and all issue-level ratings except for one
recovery rating. S&P also removed the ratings from CreditWatch,
where it placed them with negative implications on Dec. 29, 2017.
The outlook is negative.

S&P said, "In addition, we revised our recovery rating on
Mallinckrodt's senior unsecured debt to '4' from '3. This reflects
our expectation of average (rounded estimate: 40%) recovery in the
event of payment default. The recovery rating on Mallinckrodt's
senior secured debt remains '1', reflecting our expectation of very
high (rounded estimate: 95%) recovery in the event of payment
default. The '6' recovery rating on Mallinckrodt's subordinated
debt is also unchanged and reflects our expectation of negligible
(rounded estimate: 0%) recovery in the event of payment default.

"The recovery analysis does not include the $500 million term loan
that we expect Mallinckrodt to issue soon to fund the Sucampo
acquisition. We will update our recovery analysis if the company
issues this new debt.

"The rating actions reflect our expectation that Mallinckrodt's
2018 leverage will increase to about 5x following the Sucampo
acquisition but will improve to below 5x in the first half of 2019
and 4.7x by the end of 2019. Based on Mallinckrodt's strong track
record of deleveraging after the previous acquisitions, we remain
confident in the company's commitment to reducing leverage before
pursuing any others. As such, we expect Mallinckrodt to limit its
2018 business-development and share-repurchase activities and
direct internally generated cash flow to reduce leverage. We also
recognize Mallinckrodt's strong track record of successfully
integrating acquisitions and expect a smooth integration of
Sucampo.

"The negative outlook reflects credit measures that are weak for
the rating and the risk that the unfavorable reimbursement
environment for H.P. Acthar Gel or potential competition for either
Acthar Gel or Inomax could result in revenue and profitability
declines beyond our current projections, with leverage remaining
above 5x for more than a year. While we expect Mallinckrodt's
financial policy to remain relatively conservative in 2018 and
project that the company will limit its business-development
activity and share repurchases until it reduces leverage to below
5x, we believe the multiple risks associated with the company's key
products increase the uncertainty about the projected leverage
reduction."


MOORINGS REGENCY: Court Approves Cash Collateral Use
----------------------------------------------------
The Hon. Catherine Peek McEwen of the U.S. Bankruptcy Court for the
Middle District of Florida issued a Fourth Order authorizing
Moorings Regency, LLC, and its debtor-affiliates, on an interim
basis, to use cash collateral.

Subject to the provisions of the Order, the Debtors are authorized
to use cash collateral on a preliminary basis only to pay:

               (a) amounts expressly authorized by this Court,
including payments to the U.S. Trustee for quarterly fees;

                (b) the current and necessary operating expenses
set forth in the Cash Budget attached to the Third Interim Order,
plus an amount not to exceed 10% for each line item; and

                (c) such additional amounts as may be expressly
approved in writing by Wells Fargo Bank, N.A.

The Court disclosed that the authorization will remain through the
conclusion of the confirmation hearing on the plans filed by the
Debtors and Wells Fargo Bank. However, expenditures in excess of
the line items in the budget or not on the budget will not be
deemed to be unauthorized use of cash collateral, unless the
recipient cannot establish that the expense would be entitled to
administrative expense priority if the recipient had extended
credit for the expenditure. Expenditures in excess of the line
items in the budget or not on the budget may, nonetheless, give
rise to remedies in favor of the Secured Creditor.

Wells Fargo Bank shall have a perfected post-petition lien against
cash collateral to the same extent and with the same validity and
priority as the prepetition lien, without the need to file or
execute any document as may otherwise be required under applicable
non-bankruptcy law.

The Court set additional provisions that include:

                    a) On or before the 21st day of each month, the
Debtor shall provide a copy of any DIP or “Operating” Report
and all attachments, including bank statements, to Secured Creditor
unless the 21st falls on a weekend, in which case the deadline
shall be the first work day following the 21st.

                    b) The Debtors shall continue to deposit into a
segregated DIP account the sum of $29,250 per month for 2018 real
estate taxes, which amounts may not be withdrawn absent written
consent of the Secured Creditor or an order of this Court.

                    c) Commencing Feb. 1, 2018, and continuing on
the first day of each month thereafter, the Debtors shall pay to
the Secured Creditor the sum of $30,000. The application of such
payments to the indebtedness shall be determined in connection with
any valuation determination or confirmation.

                    d) If the Debtor defaults in any requirements
of this Order, Wells Fargo Bank shall give telephonic notice of
default to Debtors’ counsel. If such default is not cured within
3 days, Well Fargo shall be entitled to seek expedited relief from
the Court.

A full-text copy of the Fourth Order can accessed at:

                                
http://bankrupt.com/misc/MooringsRegency4thOrder.pdf

                            About Moorings Regency

Moorings Regency, LLC, Griffin Regency, LLC, and NJO Regency, LLC,
are single asset real estate debtors that continue to operate as
debtors-in-possession.

The Debtors filed Chapter 11 petitions (Bankr. M.D. Fla. Case Nos.
17-04920, 17-04921 and 17-04922, respectively) on June 6, 2017.
Barry Spencer, managing member of Moorings Regency, signed the
petitions.  The cases are jointly administered.

At the time of the filing, both Moorings Regency and Griffin
Regency estimated their assets and liabilities at $10 million to
$50 million.

Johnson, Pope, Bokor, Ruppel & Burns, LLP, is the Debtors' legal
counsel.


MOREHEAD MEMORIAL: Taps Anderson Bauman as Estate Executive
-----------------------------------------------------------
Morehead Memorial Hospital seeks approval from the U.S. Bankruptcy
Court for the Middle District of North Carolina to hire Anderson
Bauman Tourtellot Vos & Co.

The firm will assume the role of estate executive with
responsibility and authority to make decisions on behalf of the
Debtor now that substantially all of its assets have been
transferred and no managers or employees are available to assist
the Debtor.

Although the Debtor no longer owns and operates the community
hospital in Eden, North Carolina, an estate executive is needed to
facilitate the hospital's transition and wind down the estate,
according to court filings.   

Anderson's fees will be $375 per hour, with a minimum monthly
payment of $3,000 and a monthly cap of $8,500.  

Edward Sanz, a partner at Anderson who will be assigned as the
principal person to provide the services, 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:

     Edward J. Sanz
     Anderson Bauman Tourtellot Vos & Co.
     11604 James Jack Lane
     Charlotte, NC 28277
     Phone: 704.578.8088
     E-mail: esanz@abtv.com

                    About Morehead Memorial

Founded in 1924, Morehead Memorial Hospital --
http://www.morehead.org/-- is a North Carolina non-profit
corporation that owns and operates a 108-bed general acute care
community hospital on a 22-acre campus located at 117 East Kings
Highway, Eden, North Carolina.  Within the Hospital Real Property,
Morehead Memorial also owns and operates a 121-bed skilled nursing
facility.  It also owns several other parcels of real property
located in Eden that are contiguous to, or in the general vicinity
of, the Hospital Real Property.

Morehead Memorial Hospital filed for Chapter 11 bankruptcy
protection (Bankr. M.D.N.C. Case No. 17-10775) on July 10, 2017,
estimating its assets and liabilities at between $10 million and
$50 million.  CEO Dana M. Weston signed the petition.

Judge Benjamin A. Kahn presides over the case.

Thomas W. Waldrep, Jr., Esq., Jennifer B. Lyday, Esq., and
Francisco T. Morales, Esq., at Waldrep LLP, serve as the Debtor's
bankruptcy counsel.  The Debtor also hired Womble Carlyle Sandridge
& Rice, LLP, as special counsel; Grant Thornton LLP as financial
advisor; Hanlon Hammond Camp LLC as investment banker and
operational and strategic advisor; and Donlin, Recano & Company,
Inc., as claims and noticing agent.

On July 24, 2017, William Miller, the bankruptcy administrator for
the Middle District of North Carolina, appointed an official
committee of unsecured creditors.  The Committee retained law firms
Nelson Mullins Riley & Scarborough LLP, and Sills Cummis & Gross,
P.C., as co-counsel.


MOUNTAIN CRANE: Seeks Authorization to Use Cash Collateral
----------------------------------------------------------
Mountain Crane Service, LLC, seeks preliminary approval from the
U.S. Bankruptcy Court for the District of Utah for the short-term
use of use cash collateral for the weeks ending Jan. 19, Jan. 26,
and Feb. 2, 2018, and then final approval for use of cash
collateral through April 30, 2018.

The Debtor proposes to use its cash, including cash that may
constitute cash collateral, to pay its ordinary post-petition
operating expenses and certain administrative expenses as set forth
in the Budget.

The proposed cash collateral Budget provides total estimated cash
disbursements of approximately $13,085,258 during the period
commencing weeks ending January 19 through April 30, 2018.

The Debtor's revenues are generated primarily from crane services
and crane rentals. The Debtor's revenues are seasonal, with the
need for its services and equipment being significantly reduced
during winter months when construction, maintenance, and other
outdoor activities are reduced due to weather.

Except for the excess cranes and equipment, the Debtor's business
is sound and profitable.  The Debtor needs to continue to employ
its staff and pay suppliers, service providers, and other operating
expenses so that it can continue generating revenues and ensure
that its customers continue to receive the high level of expertise
and service that they expect and are accustomed to receiving from
the Debtor.  The Debtor believes that the expenses set forth in its
Budget are justified to retain the level of infrastructure and
personnel necessary to reasonably maximize the Debtor's
profitability.

The Debtor believes that Bank of Ann Arbor, located in Ann Arbor
Michigan, as successor lessor to Varilease Finance, Inc. may claim,
an interest in the Debtor's cash collateral.

Accordingly, the Debtor proposes to grant the Adequate Protection
Rights to Bank of Ann Arbor and any other person holding a lien
upon the Debtor's cash, by providing a replacement lien upon all
pre-petition and post-petition assets of the Debtor (excepting
chapter 5 claims) to the extent the Debtor's use of cash collateral
results in a diminution in the amount or value of the secured claim
of such creditor.

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

           http://bankrupt.com/misc/utb18-20225-9.pdf

                About Mountain Crane Service

Salt Lake City, Utah-based Mountain Crane Service, LLC, doing
business as PC Crane Service, LLC -- https://www.mountaincrane.com/
-- specializes in refinery turnarounds and has a fleet comprised of
over 100 cranes, and hundreds of other pieces of equipment
dedicated to refineries in Utah, Montana, and Wyoming.  The
company's project management and engineering staff provide site
survey and lift-planning that dramatically increase operational
efficiency and safety during turnaround work. Mountain Crane has
completed contracts with Tesoro, Chevron, Phillips 66, Sinclair,
and others.  The company has an ongoing preferred MSA with Chevron
for turnaround and capital construction work, and has been the
primary crane provider for Sinclair since 2013.  In the spring of
2017 Mountain Crane Service was awarded the major turnaround scope
for the Billings, Montana Phillips 66 refinery.  Mountain Crane is
located in Salt Lake City, Utah with satellite offices and wind
maintenance service locations in Montana, Nevada, Washington,
Idaho, Wyoming, Iowa, Texas and Michigan.  

Mountain Crane Service, LLC, sought Chapter 11 protection (Bankr.
D. Utah Case No. 18-20225) on Jan. 12, 2018.  In the petition
signed by Paul Belcher, managing member, the Debtor estimated
assets and liabilities of $50 million to $100 million.  The case is
assigned to Judge Joel T. Marker.  The Debtor tapped Matthew M.
Boley, Esq., and Steven C. Strong, Esq., at Cohne Kinghorn, P.C.,
as counsel.


MOUNTAIN CRANE: U.S. Trustee Forms 3-Member Committee
-----------------------------------------------------
Patrick S. Layng, U.S. Trustee for Region 19, on Jan. 25 appointed
three creditors to serve on the official committee of unsecured
creditors in the Chapter 11 case of Mountain Crane Service LLC.

The committee members are:

     (1) Trinity Logistics Inc. - Chairman
         Attn: Douglas Potvin, Chief Financial Officer
         P.O. Box 1620
         Seaford, DE 19973
         Phone: (302) 253-3919
         Fax: (302) 253-0218
         E-mail: doug.potvin@trinitylogistics.com

     (2) Coast 2 Coast Logistics
         Attn: Denis Hickey, Chief Executive Officer
         4003 Crater Lake Hwy
         Medford, OR 97504
         Phone: (541) 201-8934
         E-mail: denis@c2c.us

     (3) Western Heavy Haul, Inc.
         Attn: Frank Porfily, Collections Manager
         P.O. Box 672
         Prineville, OR 97754
         Phone: (541) 447-5643
         C: (541) 419-9859
         Fax: (541) 447-2190
         E-mail: frankporfily@gmail.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 Mountain Crane Service

Based in Salt Lake City, Utah, Mountain Crane Service LLC --
https://www.mountaincrane.com/ -- specializes in refinery
turnarounds and has a fleet comprised of over 100 cranes, and
hundreds of other pieces of equipment dedicated to refineries in
Utah, Montana, and Wyoming.  The company's project management and
engineering staff provide site survey and lift-planning that
dramatically increases operational efficiency and safety during
turnaround work.  Mountain Crane has completed contracts with
Tesoro, Chevron, Phillips 66, Sinclair, and others.  The company
has an ongoing preferred MSA with Chevron for turnaround and
capital construction work, and has been the primary crane provider
for Sinclair since 2013.  In the spring of 2017 Mountain Crane
Service was awarded the major turnaround scope for the Billings,
Montana Phillips 66 refinery.  Mountain Crane is located in Salt
Lake City, Utah with satellite offices and wind maintenance service
locations in Montana, Nevada, Washington, Idaho, Wyoming, Iowa,
Texas and Michigan.

Mountain Crane Service filed a Chapter 11 petition (Bankr. D. Utah
Case No. 18-20225) on Jan. 12, 2018.  In its petition signed by
Managing Member Paul Belcher, the Debtor estimated assets and debts
of $50 million to $100 million.  Presiding over the case is the
Hon. Joel T. Marker.  Matthew M. Boley, Esq., and Steven C. Strong,
Esq., at Cohne Kinghorn, P.C., serve as bankruptcy counsel to the
Debtor.


PELICAN REAL ESTATE: March 5 Trustee's Auction Sale of Torok Pool
-----------------------------------------------------------------
Judge Cynthia C. Jackson of the U.S. Bankruptcy Court for the
Middle District of Florida conditionally approved the sale
procedures of Maria Yip, the liquidating trustee for Pelican Real
Estate LLC, in connection with the sale of all or substantially all
of the Liquidating Trustee's right, title, and interest in the
Torok Pool, consists of 126 distressed real estate loans, to U.S.
Bank Trust National Association, as Trustee for American Homeowner
Preservation Trust Series 2015A+ by AHP Capital Management, LLC,
for $100,000, subject to higher and better offers.

The Court conditionally approved the Liquidating Trustee's Notice
of Proposed Sale of Torok Pool and the procedures set forth in the
Sale Notice.  The Liquidating Trustee will serve the Sale Notice on
all creditors and all other parties who were served with the
Motion.

In order to bid on the Torok Pool, a bidder must submit to the
Liquidating Trustee's counsel a Qualifying Bid (which includes the
requirement to bid at least $110,000 and the obligation to pay a
deposit of $55,000) by March 1, 2018, at 5:00 p.m. (ET).  In the
event that the Liquidating Trustee receives a Qualifying Bid, the
Liquidating Trustee will conduct an auction on March 5, 2018, at
3:00 p.m. (ET) at the offices of Broad and Cassel, LLP, One
Financial Plaza, 100 S.E. 3rd Avenue, Suite 2700, Fort Lauderdale,
Florida, in accordance with the procedures set forth in the Sale
Notice.

The hearing to approve the Agreement and sale of the Torok Pool4
free and clear of all liens, claims, and interests of others will
be held on March 8, 2018, at 2:00 p.m. (ET).

Anyone claiming a lien, claim, or other interest in the proceeds
from the sale must file a response asserting such a claim by March
1, 2018, at 5:00 p.m. (ET), or the claimant will be forever
barred.

The Court's conditional approval of the Sale Notice, the Bidding
Procedures, and the Break-up Fee will be final unless an objection
is filed within seven days from the entry of the Order.  If an
objection is filed, then the Court will set the objection for
hearing on an expedited basis.

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

   http://bankrupt.com/misc/Pelican_Real_706_Order.pdf

                     About Pelican Real Estate

Pelican Real Estate, LLC, and its eight affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. M.D.
Fla. Lead Case No. 16-03817) on June 8, 2016.  The petition was
signed by Jared Crapson, president of SMFG, Inc., manager of
Pelican Management Company, LLC.  At the time of the filing,
Pelican Real Estate estimated under $50,000 in both assets and
debt.

The Debtors are represented by Elizabeth A. Green, Esq., at Baker &
Hostetler LLP.  The Debtors hired Bill Maloney Consulting as their
financial advisor; Hammer Herzog and Associates P.A. as their
accountant; and Pino Nicholson PLLC as their special counsel.

Turnkey Investment Fund LLC, an affiliate of Pelican Real Estate
LLC, hired Dance Bigelow Sharp & Co. as accountant.

Guy Gebhardt, acting U.S. trustee for Region 21, on July 27, 2016,
formed an official committee of unsecured creditors for Pelican
Real Estate LLC's affiliates, Smart Money Secured Income Fund LLC
and Accelerated Asset Group LLC.

Maria Yip was appointed examiner in the case.  She hired
GrayRobinson, P.A., as her lead counsel; and Fikso Kretschmer Smith
Dixon Ormseth PS as special counsel.

On Feb. 15, 2017, the court entered an order confirming the
Debtors' Second Amended Plan of Liquidation.  The Plan became
effective on March 2, 2017, at which time the Smart Money
Liquidating Trust came into existence and Ms. Yip was named the
liquidating trustee.


PETTERS CO: Bankr. Court Rejects T. Stapleton Bid to Junk Suit
--------------------------------------------------------------
Chief Bankruptcy Judge Kathleen H. Sanberg entered a ruling denying
Defendant Thomas G. Stapleton's motion to dismiss the adversary
proceeding captioned Douglas A. Kelley, in his capacity as the
Trustee of the PCI Liquidating Trust, Plaintiff, v. Thomas G.
Stapleton, Defendant, Jointly Administered under Case No. 08-45257
(Bankr. D. Minn.).

This adversary proceeding originates from bankruptcy cases filed
after the failure of the Petters Ponzi scheme orchestrated by
Thomas J. Petters and his associates, the history of which has been
well documented in this district as well as others nationwide. In
this case, the Plaintiff is Douglas A. Kelley, formerly the Chapter
11 Trustee for Petters Company Inc. and its affiliates, now the PCI
Liquidating Trustee.

On Sept. 1, 2017, the Plaintiff filed this adversary proceeding
against the Defendant. The Plaintiff alleges that Arrowhead Capital
Partners II, L.P. Fund invested in PCI through use of a special
purpose entity known as Metro I, LLC, (formerly known as Metro Gem
Capital, LLC). The Debtors issued promissory notes to or for the
benefit of the ACP II Fund and made payments to ACP II Fund on
account of those promissory notes.

According to the Complaint, the "Defendant was an investor in the
ACP II Fund and received transfers of the Debtors' property from
the ACP II Fund, which had received the transfers from PCI and MGC
Finance, through Metro I. With this Complaint, the [Plaintiff]
seeks to recover approximately $875,358.28 in transfers of the
Debtors’ property made to the Defendant."

The Defendant filed the motion under Federal Rule of Bankruptcy
Procedure 7012(b)(6) and argues that the Plaintiff has failed to
state a claim for which relief can be granted because this action
is premature. The Defendant argues that before he can be sued under
section 550 for recovery as a mediate, immediate or subsequent
transferee of a fraudulent transfer, there must be an actual
avoidance of the initial transfer under sections 544, 545, 547,
548, 549, 553(b), or 724(a).

The Defendant argues that the plain language of section 550
requires that the underlying transfers to Metro I, Arrowhead or ACP
II Fund be avoided before the transfer to the Defendant, or its
value, can be recovered for the benefit of the estates. In other
words, the Defendant argues that because there is not yet a
judgment avoiding the initial transfers to ACP II Fund, Arrowhead
or Metro I, there cannot be a judgment entered against the
Defendant and the proceeding must be dismissed as a matter of law
as untimely. The Plaintiff argues that no judgment must be entered
prior to suing a mediate, immediate or subsequent transferee of
fraudulent conveyances.

The Court finds that a strict or literal reading of section 550(a)
could lead to absurd, futile or costly results. Here, there is a
suit pending to avoid the initial transfers to ACP II Fund,
Arrowhead and Metro I. The defendants in that suit will have the
opportunity to raise and litigate any defenses. Any judgment
entered against the Defendant in this adversary proceeding will be
limited to the judgment obtained against the defendants in that
proceeding. Dismissing this case could lead to an absurd, futile
and costly result; the Plaintiff would be required to prepare and
pay for the filing of the same complaint at a later time in order
to assert the same causes of action that are included in this
proceeding. This could lead to a further delay in finally bringing
these Petters bankruptcy cases to conclusion so that distributions
can be made to creditors.

Thus, the Defendant's motion to dismiss is denied. The Plaintiff
need only allege that an initial transfer is avoidable when suing a
subsequent transferee to recover the value of the property
transferred pursuant to 11 U.S.C. section 550(a).

A full-text copy of the Court's Memorandum and Opinion dated Jan.
17, 2018 is available at https://is.gd/Kt6ENm from Leagle.com.

Douglas A. Kelley, in his capacity as the Trustee of the PCI
Liquidating Trust, Plaintiff, represented by Tiffany M. Brown --
tbrown@meagher.com -- Meagher & Geer PLLP, Shira R. Isenberg --
sisenberg@freeborn.com -- Freeborn & Peters LLP & Neal H. Levin --
nhlevin@freeborn.com -- Freeborn & Petters LLP.

Thomas G. Stapleton, Defendant, represented by David B. Galle --
dgalle@foxrothschild.com -- Fox Rothschild LLPP.

                  About Petters Company

Based in Minnetonka, Minn., Petters Group Worldwide LLC is a
collection of some 20 companies, most of which make and market
consumer products. It also works with existing brands through
licensing agreements to further extend those brands into new
product lines and markets. Holdings include Fingerhut (consumer
products via its catalog and Web site), SoniqCast (maker of
portable, WiFi MP3 devices), leading instant film and camera
company Polaroid (purchased for $426 million in 2005), Sun Country
Airlines (acquired in 2006), and Enable Holdings (online
marketplace and auction for consumers and manufacturers' overstock
inventory). Founder and chairman Tom Petters formed the company in
1988.

Petters Company, Inc., is the financing and capital-raising unit of
Petters Group Worldwide.

Thomas Petters, the founder and former CEO of Petters Group, has
been indicted and a criminal proceeding against him is proceeding
in the U.S. District Court for the District of Minnesota.

Petters Company, Petters Group Worldwide and eight other affiliates
filed separate petitions for Chapter 11 protection (Bankr. D. Minn.
Lead Case No. 08-45257) on Oct. 11, 2008. In its petition, Petters
Company estimated its debts at $500 million and $1 billion.

Parent Petters Group Worldwide estimated its debts at not more than
$50,000.

Petters Aviation, LLC, and affiliates MN Airlines, LLC, doing
business as Sun Country Airlines, Inc., and MN Airline Holdings,
Inc., filed separate petitions for Chapter 11 bankruptcy
protection(Bankr. D. Minn. Case Nos. 08-45136, 08-35197 and
08-35198) on Oct.6, 2008. Petters Aviation is a wholly owned unit
of Thomas Petters Inc. and owner of MN Airline Holdings, Sun
Country's parent company.

The Official Committee of Unsecured Creditors is represented by
David E. Runck, Esq., Lorie A. Klein, Esq., at Fafinski Mark &
Johnson, P.A.

Trustee Douglas A. Kelley is represented by James A. Lodoen, Esq.,
Mark D. Larsen, Esq., Kirstin D. Kanski, Esq., Adam C. Ballinger,
Esq., at Lindquist & Vennum LLP.


PETTERS CO: W. McDonald's Bid to Dismiss Lawsuit Nixed
------------------------------------------------------
Chief Bankruptcy Judge Kathleen H. Sanberg denied Defendant William
M. McDonald's motion to dismiss the adversary proceeding captioned
Douglas A. Kelley, in his capacity as the Trustee of the PCI
Liquidating Trust, Plaintiff, v. William M. McDonald, Defendant,
Jointly Administered under Case No. 08-45257 (Bankr. D. Minn.).

This adversary proceeding originates from bankruptcy cases filed
after the failure of the Petters Ponzi scheme orchestrated by
Thomas J. Petters and his associates, the history of which has been
well documented in this district as well as others nationwide. In
this case, the Plaintiff is Douglas A. Kelley, formerly the Chapter
11 Trustee for Petters Company Inc. and its affiliates, now the PCI
Liquidating Trustee.

On Sept. 1, 2017, the Plaintiff filed this adversary proceeding
against the Defendant. The Plaintiff alleges that Arrowhead Capital
Partners II, L.P. Fund invested in PCI through use of a special
purpose entity known as Metro I, LLC, (formerly known as Metro Gem
Capital, LLC). The Debtors issued promissory notes to or for the
benefit of the ACP II Fund and made payments to ACP II Fund on
account of those promissory notes.

According to the Complaint, the "Defendant was an investor in the
ACP II Fund and received transfers of the Debtors' property from
the ACP II Fund, which had received the transfers from PCI and MGC
Finance, through Metro I. With this Complaint, the [Plaintiff]
seeks to recover approximately $875,358.28 in transfers of the
Debtors' property made to the Defendant."

The Defendant filed the motion under Federal Rule of Bankruptcy
Procedure 7012(b)(6) and argues that the Plaintiff has failed to
state a claim for which relief can be granted because this action
is premature. The Defendant argues that before he can be sued under
section 550 for recovery as a mediate, immediate or subsequent
transferee of a fraudulent transfer, there must be an actual
avoidance of the initial transfer under sections 544, 545, 547,
548, 549, 553(b), or 724(a). Thus, the Defendant argues that this
case is premature because, while there is a pending adversary
proceeding to avoid the initial transfers, there has been no ruling
or judgment against Metro I, Arrowhead and the ACP II Fund actually
avoiding the transfers.

The Court finds that a strict or literal reading of section 550(a)
could lead to absurd, futile or costly results. Here, there is a
suit pending to avoid the initial transfers to ACP II Fund,
Arrowhead and Metro I. The defendants in that suit will have the
opportunity to raise and litigate any defenses. Any judgment
entered against the Defendant in this adversary proceeding will be
limited to the judgment obtained against the defendants in that
proceeding. Dismissing this case could lead to an absurd, futile
and costly result; the Plaintiff would be required to prepare and
pay for the filing of the same complaint at a later time in order
to assert the same causes of action that are included in this
proceeding. This could lead to a further delay in finally bringing
these Petters bankruptcy cases to conclusion so that distributions
can be made to creditors.

Thus, the Defendant's motion to dismiss is denied. The Plaintiff
need only allege that an initial transfer is avoidable when suing a
subsequent transferee to recover the value of the property
transferred pursuant to 11 U.S.C. section 550(a).

A full-text copy of the Court's Memorandum and Opinion dated Jan.
17, 2018 is available at https://is.gd/ncjczg from Leagle.com.

Douglas A. Kelley, in his capacityas the Trustee of the PCI
Liquidating Trust, Plaintiff, represented by Tiffany M. Brown --
tbrown@meagher.com -- Meagher & Geer PLLP, Shira R. Isenberg --
sisenberg@freeborn.com -- Freeborn & Peters LLP & Neal H. Levin --
nhlevin@freeborn.com -- Freeborn & Petters LLP.

William M. McDonald, Defendant, represented by David B. Galle --
dgalle@foxrothschild.com -- Fox Rothschild LLPP.

                   About Petters Company

Based in Minnetonka, Minn., Petters Group Worldwide LLC is a
collection of some 20 companies, most of which make and market
consumer products.  It also works with existing brands through
licensing agreements to further extend those brands into new
product lines and markets.  Holdings include Fingerhut (consumer
products via its catalog and Web site), SoniqCast (maker of
portable, WiFi MP3 devices), leading instant film and camera
company Polaroid (purchased for $426 million in 2005), Sun Country
Airlines (acquired in 2006), and Enable Holdings (online
marketplace and auction for consumers and manufacturers' overstock
inventory).  Founder and chairman Tom Petters formed the company in
1988.

Petters Company, Inc., is the financing and capital-raising unit of
Petters Group Worldwide.

Thomas Petters, the founder and former CEO of Petters Group, has
been indicted and a criminal proceeding against him is proceeding
in the U.S. District Court for the District of Minnesota.

Petters Company, Petters Group Worldwide and eight other affiliates
filed separate petitions for Chapter 11 protection (Bankr. D. Minn.
Lead Case No. 08-45257) on Oct. 11, 2008.  In its petition, Petters
Company estimated its debts at $500 million and $1 billion.

Parent Petters Group Worldwide estimated its debts at not more than
$50,000.

Petters Aviation, LLC, and affiliates MN Airlines, LLC, doing
business as Sun Country Airlines, Inc., and MN Airline Holdings,
Inc., filed separate petitions for Chapter 11 bankruptcy protection
(Bankr. D. Minn. Case Nos. 08-45136, 08-35197 and 08-35198) on
Oct.6, 2008.  Petters Aviation is a wholly owned unit of Thomas
Petters Inc. and owner of MN Airline Holdings, Sun Country's parent
company.

The Official Committee of Unsecured Creditors is represented by
David E. Runck, Esq., Lorie A. Klein, Esq., at Fafinski Mark &
Johnson, P.A.

Trustee Douglas A. Kelley is represented by James A. Lodoen, Esq.,
Mark D. Larsen, Esq., Kirstin D. Kanski, Esq., Adam C. Ballinger,
Esq., at Lindquist & Vennum LLP.


PLAZA BROADWAY: Seeks Appointment of Chapter 11 Trustee
-------------------------------------------------------
Plaza Broadway Retail Group, LLC and Plaza Broadway LLC ask the
U.S. Bankruptcy Court for the Northern District of Texas for
appointment of a chapter 11 trustee in their bankruptcy cases.

The Debtors filed their Joint Plan of Reorganization on November
30, 2017 along with its Joint Disclosure Statement.

Vaquero Broadway Partners, L.P. has filed an adversary proceeding,
(Adv. No. 17-3116) in the Plaza Broadway Retail Group bankruptcy
(17-30266), against Plaza Broadway Retail seeking a declaratory
judgment that certain causes of action scheduled against Vaquero
Broadway Partners, L.P. by that Debtor do not exist.

Vaquero Broadway Partners, through its representatives, caused
instability in November 2017 by tearing down the doors that allow
Plaza Broadway access to its electrical room, garbage disposable,
HVAC Units and over $50,000 worth of electrical material, flooring,
cleaning machines, doors and windows, cabinets, drills, jackhammer,
stoves and refrigerators, convection ovens, barbecue grills, light
fixtures, ballast. Many items have disappeared without any
opportunity to recoup these items because of said actions of
Vaquero Broadway Partners.

Vaquero Broadway Partners also cut service to the security alarm
system, caused damage to fires panels in Leased Space, which took
place in public in front of the Debtor's staff and subtenants. The
local police were summoned at the request of Vaquero Broadway
Partners three times. The local fire department was dispatched
twice all during business hours.

This behavior created a chilling effect in the continued viability
of Plaza Broadway and as a result of this very aggressive display
of constructive eviction, subtenants exercised their credits in
December and caused Plaza Broadway to, for the first time since the
January filing of Bankruptcy, not meet its Monthly Rent.

There are approximately 87 subtenants that have leased space from
the Debtors at the shopping center and Vaquero Broadway Partners
now seeks to terminate their lease rights and forcibly remove them
from the premises. For some of these tenants, their investments in
their shops in the shopping center represent their life savings.
The Debtors assert that their interests would be well served by the
appointment of a Chapter 11 Trustee.

Investors of the Debtors have spent over $1.5 million for
improvements of the premises in order to turn an abandoned dark
Kmart building, that had been vacant for 14 years, into a vibrant
shopping center for the community where shoppers can come for their
local shopping needs and participate in Hispanic theme celebrations
including Mexican Independence Day, Cinco de Mayo, Dia de La Virgen
de Guadalupe and other events. The Debtors believe that their
interest would be well served by the appointment of a Chapter 11
Trustee.

Vaquero Broadway Partners, L.P. has, on many occasions, complained
that it has not been granted complete access to the books and
records of the Debtor's business operations. The Debtors dispute
any material information that has not been made available. The
appointment of a Chapter 11 Trustee will ensure that Vaquero
Broadway Partners, L.P. will have the access to records it desires
and provide creditable information of the sound viability of the
Debtor's long-term operations.

While current management of the Debtors is willing to continue to
manage the business affairs of the Debtors, management has found
that the distractions caused by Vaquero Broadway Partners, L.P. on
the subtenant's business and threats to retake the premises to the
exclusion of the subtenants and those that have labored and
invested the monies to renovate the building, has created a toxic
relationship that is unlikely to be reversed in the present
setting. The creditors, subtenants and equity investors would most
likely benefit from a change in the face of management to deal with
the pressing issues in this case.

                 Plaza Broadway Retail Group, LLC

Plaza Broadway LLC filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Tex. Case No. 17-30247) on January 20, 2017 and Plaza Broadway
Retail Group, LLC filed (Bankr. N.D. Tex. Case No. 17-30266) on
January 22, 2017. The petitions were signed by Carlos Quintanilla,
manager. At the time of filing, the Debtors assets and liabilities
are both below $50,000.

Eric A. Liepins, PC served as bankruptcy counsel but was later
replaced by Quilling, Selander, Lownds, Winslett & Moser, PC. The
Debtors employ James D. Parker, as accountant.

Plaza Broadway, LLC, Case No. 17-30247 and Plaza Broadway Retail
Group, LLC, Case No. 17-30266, are jointly administered.


PREFERRED VINTAGE: Taps Sotheby's as Real Estate Broker
-------------------------------------------------------
Preferred Vintage LLC seeks approval from the U.S. Bankruptcy Court
for the Northern District of California to hire California-based
real estate broker Sotheby's International Realty.

The firm will assist the Debtor in connection with the sale of its
real property located at 16490 Arnold Drive, Sonoma, California.

Sotheby's will be paid a commission of 5% of the sales price for
the property.  In case the buyer is represented by its own real
estate broker, the commission will be split between that broker and
Sotheby's.

Jonathan Soh, a real estate broker employed with Sotheby's,
disclosed in a court filing that his firm does not hold or
represent any interest adverse to the Debtor's estate.

The firm can be reached through:

     Jonathan Soh
     Sotheby's International Realty
     25 E. Napa Street
     Sonoma, CA 95476
     Phone: (707) 935-2503
     Fax: (707) 935-1784

                     About Preferred Vintage

Headquartered in Greenbrae, California, Preferred Vintage LLC filed
for Chapter 11 bankruptcy protection (Bankr. N.D. Cal. Case No.
17-31106) on Nov. 1, 2017, listing its estimated assets at $1
million to $10 million and estimated liabilities at $1 million to
$10 million.  The petition was signed by Greg Hoffman, managing
member.  Judge Dennis Montali presides over the case.  Michael C.
Fallon, Jr., serves as counsel to the Debtor.

On Nov. 17, 2017, the Debtor filed a Chapter 11 plan of
reorganization and disclosure statement.



R & A PROPERTIES: $200K Sale of Des Moines Property to QTC Approved
-------------------------------------------------------------------
Judge Anthony Colosimo of the U.S. Bankruptcy Court for the
Southern District of Iowa authorized R & A Properties, Inc.'s sale
of undeveloped real estate it owned legally described as Lots 2 and
3 Corrells Acres Plots, Plat 2 and locally known as 1711 Euclid
Avenue, Des Moines, Iowa, and all fixtures and improvements
thereon, to QTC Investments, LLC for $200,000.

The Debtor is authorized to assign its rights and interest in that
the lease between the Debtor and Clear Channel Outdoor regarding
the use of a billboard sign on such property.

The Debtor is authorized to pay the accrued and owing real estate
taxes on the Property at the time of closing of the sale
transaction with QTC, as well as any other typical and customary
closing costs normally incurred by a seller in a sale of commercial
real estate.

It is authorized, pursuant to 11 U.S.C. Sections 331 and 330, to
pay at closing of the transaction (i) the real estate commission of
6% or $12,000 to NAI Optimum as set forth in the Debtor's
Application to Employ Real Estate Brokerage Firm previously
approved by the Court, as well as the Debtor's Motion to Sell; and
(ii) the attorney's fees to attorney Lisa Wilson and the law firm
of Wilson, Guerrero & Egge, P.C. as set forth in the Debtor's
Application to Employ Special Counsel previously approved by the
Court in the amount of $750 as a flat fee, plus any additional
attorney's fees for other legal services rendered by attorney
Wilson to the Debtor at the hourly rate of $2150 beyond the
services covered by the flat fee that are related to the
transaction provided that the total fees paid to attorney Wilson
and her firm at closing of the transaction do not exceed $1,200 in
the aggregate.

The Debtor will file a Report of Sale with the Court following the
closing of the transaction, setting forth the gross proceeds paid
by the purchaser QTC, the professional fees, real estate taxes and
other expenses paid by, or assessed to, the Debtor at closing, and
the net amount received by the Debtor from the sale of the Property
and assignment of the Debtors' rights under the Clear Channel
Outdoor lease pertaining to the billboard located on the Property.


Further, all monies received by the Debtor will be deposited into
the Debtors' DIP bank account pending approval of any Plan
submitted by the Debtor directing distribution to the creditors, or
further Order of the Court.

                     About R & A Properties

Based in Urbandale, Iowa, R & A Properties Inc. listed its business
as a single-asset real estate.  The Company has a fee simple
interest in certain properties in Des Moines.

R & A Properties sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Iowa Case No. 17-01000) on May 22,
2017.  In the petition signed by Robert J. Colosimo, its treasurer
and director, the Debtor disclosed $192,307 in assets and $2.54
million in liabilities.

Wandro & Associates, P.C., serves as counsel to the Debtor.  NAI
Optimum is the Debtor's real estate broker.


RENTECH WP: Committee Taps Lowenstein Sandler as Legal Counsel
--------------------------------------------------------------
The official committee of unsecured creditors of Rentech WP U.S.
Inc. and Rentech, Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Lowenstein Sandler LLP
as its legal counsel.

The firm will advise the committee regarding its duties under the
Bankruptcy Code; assist the committee in its negotiations with the
Debtors on any potential sale of their assets and any proposed plan
of reorganization; negotiate with creditors; assist in committee
investigations; and provide other legal services related to the
Debtors' Chapter 11 cases.

The firm's hourly rates are:

     Partners                     $600 - $1,285
     Senior Counsel/Counsel       $450 – $760
     Associates                   $350 - $580
     Paralegals/Assistants        $135 - $340

Lowenstein has agreed to a discount of 15% from its regular hourly
rates.  

Wojciech Jung, Esq., a partner at Lowenstein, disclosed in a court
filing that the firm is a "disinterested person" as defined in
Section 101(14) of the Bankruptcy Code.

Lowenstein can be reached through:

     Wojciech F. Jung, Esq.  
     Lowenstein Sandler LLP
     1251 Avenue of the Americas
     New York, New York 10020
     Tel: +1 646.414.6862
     Fax: +1 973.597.2465
     E-mail: wjung@lowenstein.com

              About Rentech Inc. and Rentech WP U.S.

Rentech, Inc., is an owner and operator of wood fibre processing
and wood pellet production businesses.

Rentech, Inc. and its subsidiary Rentech WP U.S., Inc. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Case Nos. 17-12959 and 17-12958) on Dec. 19, 2017.  The purpose of
the bankruptcy filing is to seek to sell the assets of the
Company's Fulghum Fibres and New England Wood Pellet subsidiaries
and facilitate an orderly wind-down of Rentech Inc.

The cases are jointly administered under Case No. 17-12958 and are
assigned to Judge Christopher S. Sontchi.

At the time of the filing, Rentech WP U.S. estimated assets and
liabilities of $10,000,001 to $50 million.

The Debtors are represented by Young Conaway Stargatt & Taylor, LLP
and Latham & Watkins LLP.  Prime Clerk LLC is the Debtors' claims
and noticing agent.

On Jan. 3, 2018, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


RENTECH WP: Committee Taps Whiteford as Delaware Counsel
--------------------------------------------------------
The official committee of unsecured creditors of Rentech WP U.S.
Inc. and Rentech, Inc., seeks approval from the U.S. Bankruptcy
Court for the District of Delaware to hire Whiteford, Taylor &
Preston LLC as its Delaware counsel.

The firm will advise the Committee regarding local rules, practices
and procedures; provide additional administrative support to the
Debtors' bankruptcy counsel; and provide other legal services
related to the Debtors' Chapter 11 case.

The attorneys and paralegal anticipated to represent the Committee
and their hourly rates are:

     Thomas Francella, Jr.     Partner       $615
     Christopher Samis         Partner       $565
     L. Katherine Good         Partner       $540
     Kevin Shaw                Associate     $310
     Christopher Lano          Paralegal     $265

Whiteford has agreed to a discount of 15% from its regular hourly
rates.

Christopher Samis, Esq., at Whiteford, 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:

     Christopher M. Samis, Esq.
     Whiteford, Taylor & Preston LLC
     The Renaissance Centre, Suite 500
     405 North King Street
     Wilmington, DE 19801-3700
     Tel: 302.357.3266
     Mobile: 302.245.5069
     Fax: 302.357.3288
     Email: csamis@wtplaw.com

              About Rentech Inc. and Rentech WP U.S.

Rentech, Inc. is an owner and operator of wood fibre processing and
wood pellet production businesses.

Rentech, Inc. and its subsidiary Rentech WP U.S., Inc. sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Case Nos. 17-12959 and 17-12958) on Dec. 19, 2017.  The purpose of
the bankruptcy filing is to seek to sell the assets of the
Company's Fulghum Fibres and New England Wood Pellet subsidiaries
and facilitate an orderly wind-down of Rentech Inc.

The cases are jointly administered under Case No. 17-12958 and are
assigned to Judge Christopher S. Sontchi.

At the time of the filing, Rentech WP U.S. estimated assets and
liabilities of $10,000,001 to $50 million.

The Debtors are represented by Young Conaway Stargatt & Taylor, LLP
and Latham & Watkins LLP.  Prime Clerk LLC is the Debtors' claims
and noticing agent.

On Jan. 3, 2018, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.


RENTECH WP: Wants To Obtain Up To $3-Mil. of DIP Financing
----------------------------------------------------------
Rentech WP U.S., Inc., and its affiliates seek authorization from
the U.S. Bankruptcy Court for the District of Delaware to obtain
secured postpetition financing in an aggregate principal amount of
up to $3 million.

A hearing to consider the Debtors' request is set for Jan. 31,
2018, at 10:00 a.m. (ET).  Objections to the Debtors' request must
be filed by Jan. 29, 2018, at 10:00 a.m. (ET).

The DIP Facility will be used for the following purposes in
accordance with the approved budget: (a) transaction expenses
associated with the NEWP Sale and Fulghum US Sale, (b) working
capital, (c) other general corporate purposes of the borrowers, and
(d) for payment of costs of administration of the cases.

Each DIP Lender severally and not jointly agrees, on the terms and
subject to the conditions set forth in the DIP Agreement, to make
DIP Loans not to exceed, in the aggregate for all DIP Lenders to
the DIP Borrowers as follows: (i) an initial term loan on or after
the Effective Date upon five business days' notice, and (ii)
additional term loans on any Business Day thereafter in an amount
not to exceed $3 million less the amount of any initial term loan.
Each borrowing will be made from the several DIP Lenders ratably in
proportion to their respective commitments.

The loan has interest rate of (i) 10% per annum payable in cash and
(ii) 4% per annum payable in kind.  It will mature on June 30,
2018.  The DIP Borrowers will pay to the DIP Lenders a one-time
upfront fee of 3% of the total commitments on the Effective Date.

All of the DIP Obligations shall constitute allowed superpriority
administrative expense claims against each of the Debtors' estates
with priority over any and all administrative expenses, adequate
protection claims, diminution claims, and all other claims against
the Debtors, now existing or hereafter arising, of any kind
whatsoever, including, without limitation, all administrative
expenses of the kind specified in the U.S. Bankruptcy Code Sections
503(b) and 507(b), and over any and all administrative expenses or
other claims arising under Bankruptcy Code Sections 105, 326, 328,
330, 331, 503(b), 506(c), 507(a), 507(b), 726, 1113, or 1114 or
otherwise, whether or not the expenses or claims may become secured
by a judgment lien or other nonconsensual lien, levy or attachment.


As security for the DIP Obligations, and subject to the carve-out
in all respects, effective and perfected upon the date of the entry
of the Order, and without necessity of the execution, recordation
of filings by the Debtors of mortgages, security agreements,
control agreements, pledge agreements, financing statements or
other similar documents, or the possession or control by the DIP
Agent or any DIP Lender of, or over, any DIP collateral, the
following security interests and liens are granted by the Debtors
to the DIP Agent, for the benefit of the DIP Lenders.

The Prepetition Lenders are granted additional and replacement
valid, binding, enforceable, non-avoidable, and automatically
perfected postpetition liens on, and security interests in, all of
the DIP Collateral.  The Prepetition Term Loan Obligations will
continue to accrue interest at the default contract rate set forth
in the Prepetition Term Loan Documents.  As further adequate
protection to BMO, the Prepetition L/C Obligations will continue to
accrue interest and letter of credit fees at the default contract
rate set forth in the Prepetition L/C Documents.  As further
adequate protection, the Debtors are authorized to pay all
reasonable fees and expenses incurred after the Petition Date by
the advisors to the Prepetition Term Loan Lenders.

For milestones, the DIP Borrowers will cause (i) the NEWP Sale to
close on or before March 31, 2018, and (ii) the Fulghum US Sale to
close on or before March 31, 2018.

As of the Petition Date, the Debtors and the non-debtor
subsidiaries that are parties to the Prepetition Term Loan
Documents were indebted to the Prepetition Term Loan Lenders under
the Prepetition Term Loan Documents in the aggregate outstanding
principal amount of approximately $19.5 million, plus accrued and
unpaid interest with respect thereto of $366,420.19 and accrued and
unpaid fees, including, without limitation, fees and expenses
incurred by lead counsel, Canadian counsel, and other local counsel
to the Prepetition Term Loan Lenders.

The Debtors determined, with the assistance of their advisors, that
the Debtors would need debtor-in-possession financing to operate in
Chapter 11.  In that regard, on Dec. 21, 2017, the DIP Lenders,
which are a subset of prepetition term loan lenders GSO Special
Situations Master Fund LP, GSO Palmetto Opportunistic Investment
Partners LP, GSO Credit-A Partners LP, Steamboat Credit
Opportunities Master Fund LP, GSO Coastline Credit Partners LP, GSO
Cactus Credit Opportunities Fund LP, and GSO Aiguille des Grands
Montets Fund II LP, provided the Debtors with a proposal for
financing that contemplated a $3 million facility that would be
used to provide incremental liquidity to fund the Chapter 11
cases.

The Debtors also directed their advisors to contact and obtain
alternate proposals from other sources of potential
debtor-in-possession financing.  RPA contacted seven potential
lenders (not including the Prepetition Term Loan Lenders) to
inquire whether the lenders would provide the Debtors with
debtor-in-possession financing during these Chapter 11 cases.
Seven of the potential lenders communicated with the Debtors'
advisors regarding the facility but were ultimately unwilling to
make a proposal to provide the Debtors with the financing.  Of the
seven lenders contacted, three initially indicated a willingness to
potentially provide alternative financing.  RPA had additional
discussions with these parties, providing more information on the
Debtors' operations and the goals of these Chapter 11 cases.  Upon
receiving this additional information, one potential party referred
RPA to another entity, one indicated that this was not likely a
situation it would be interested in given the potential for a
priming fight, and one declined to provide a bid after discussing
with others within its institution.  The other four bidders
declined to provide offers either due to the size of the potential
debtor-in-possession facility, which they deemed too small, or a
general discomfort with the industry and situation of the Debtors.

Given the lack of other viable alternatives, the relatively small
size of the debtor-in-possession financing and the presence of
current lenders willing to provide debtor-in-possession financing,
it is reasonable for the Debtors to move forward with the DIP Loan
from the DIP Lenders.  The Prepetition Term Loan Lenders are the
most logical financing party given that, among other things, the
Debtors are already indebted to such lenders.  As such, the
Prepetition Term Loan Lenders are incentivized to provide financing
to, among other reasons, protect their economic interests with
respect to the Debtors.  Since the proposed DIP Lenders are a
subset of the Prepetition Term Loan Lenders, the DIP Lenders have a
substantial base of knowledge with respect to the Debtors'
business, their capital structure, and the Prepetition Collateral,
all of which would enable the DIP Lenders to (i) save the estates
significant diligence-related time and expense as compared to other
potential lenders and (ii) act with the speed necessitated by the
Debtors' liquidity requirements.

Finally, the terms of the Intercreditor Agreement facilitate the
approval of the DIP Facility and the other relief sought therein
because the DIP Facility and the use of Cash Collateral have been
structured in light of the Intercreditor Agreement.  Accordingly,
pursuant and subject to the Intercreditor Agreement, upon the
Prepetition Term Loan Lenders' consent to the DIP Facility, BMO has
agreed that it will not object to the DIP Facility.

The Debtors warn that if this motion is not approved and the
Debtors do not obtain authorization to borrow under the DIP
Facility, the Debtors will suffer irreparable harm.  Without the
funds that will be made available under the DIP Facility, the
Debtors will not have the liquidity needed to complete the
Non-Debtor Subsidiary Sales and fund these Chapter 11 cases.  The
Debtors have no unencumbered cash.

A copy of the Debtors' request is available at:

           http://bankrupt.com/misc/deb17-12958-141.pdf

              About Rentech Inc. and Rentech WP U.S.

Rentech, Inc., is an owner and operator of wood fibre processing
and wood pellet production businesses.

Rentech, Inc., and its subsidiary Rentech WP U.S., Inc., sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Case Nos. 17-12959 and 17-12958) on Dec. 19, 2017.  The purpose of
the bankruptcy filing is to seek to sell the assets of the
Company's Fulghum Fibres and New England Wood Pellet subsidiaries
and facilitate an orderly wind-down of Rentech Inc.

The cases are jointly administered under Case No. 17-12958 and are
assigned to Judge Christopher S. Sontchi.

At the time of the filing, Rentech WP U.S. estimated assets and
liabilities of $10,000,001 to $50 million.


ROSS COTTOM: Taps Antonik Law Offices as Legal Counsel
------------------------------------------------------
Ross Cottom Lanes Inc. seeks approval from the U.S. Bankruptcy
Court for the Southern District of Illinois to hire Antonik Law
Offices as its legal counsel.

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

The firm's hourly rates are:

     Douglas Antonik, Esq.         $275
     Associate Attorneys       $150 to $250
     Law Clerks                    $100
     Paralegals                  $75 to $95

Antonik received a retainer from the Debtor in the sum of $16,717,
including the filing fee of $1,717.

Douglas Antonik, Esq., disclosed in a court filing that he and his
firm do not hold or represent any interest adverse to the interest
of the Debtor's estate.

The firm can be reached through:

     Douglas A. Antonik, Esq.
     Antonik Law Offices
     3405 Broadway
     P.O. Box 594
     Mt. Vernon, IL 62864
     Phone: (618) 244-5739
     Fax: (618) 244-9633
     E-mail: antoniklaw@charter.net

                    About Ross Cottom Lanes

Ross Cottom Lanes Inc. owns in fee simple interest a 16-lane
bowling center on approximately two acres of land located at 2080
Highway 45 N. Harrisburg, Illinois.  The property is valued by the
company at $750,000.  Ross Cottom Lanes is a small business debtor
as defined in 11 U.S.C. Section 101(51D), with gross revenue
amounting to $330,136 for fiscal year 2017 and $371,993 for fiscal
year 2016.

Ross Cottom Lanes sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Ill. Case No. 18-40016) on Jan. 8,
2018.  Authorized representative Douglas E. Cottom, the Debtor
disclosed $864,725 in assets and $2.31 million in liabilities.
Judge Laura K. Grandy presides over the case.  Antonik Law Offices
serves as counsel to the Debtor.


SALVADOR CORDERO: FHB Seeks Appointment of Chapter 11 Trustee
-------------------------------------------------------------
Secured Creditor First Hawaiian Bank asks the U.S. Bankruptcy Court
for the District of Hawaii to direct the appointment of a Chapter
11 trustee, or in the alternative, for the conversion of the
Chapter 11 case of Salvador Cacho Cordero to a case under Chapter
7.

The Debtor owns (or in some cases co-owns with his wife, non-debtor
Ann Lou Cordero) a number of investment properties, both
residential and commercial, situated on the island of Maui, the
bulk of which are losing money. Several of those properties were
pledged as security for debts owed to First Hawaiian Bank. Those
debts have since matured and full balances are due and owing.

As a result, on June 22, 2017, First Hawaiian Bank commenced that
certain foreclosure action referenced as First Hawaiian Bank v. Sal
C. Cordero, et al., Civil No. 17-1-0267 (2), in the Circuit Court
of the Second Circuit of the State of Hawaii. On October 9, 2017,
the Circuit Court entered the Foreclosure Order. Douglas Ige was
appointed commissioner for three commercial properties which secure
First Hawaiian Bank's loans.

Shortly thereafter, the Debtor filed his bankruptcy petition under
Chapter 11 in the present case. In the proceedings that followed,
First Hawaiian Bank asserts that it became apparent that the
Debtor's primary purpose in filing this case was to delay
foreclosure on that certain real property located at 758 Lower Main
Street, Wailuku, Hawaii 96793, as well as the two other commercial
properties.

Paying little heed to the requirements of the Bankruptcy Code,
rules of procedure or the authority of the Court, First Hawaiian
Bank alleges that the Debtor has engaged in what amounts to a crass
misuse of the bankruptcy process for his own ends. To wit:

      (a) From the outset of this case and despite the Court's
strict admonitions, the Debtor has used cash collateral with
neither approval from creditors nor authorization from the Court.

      (b) A number of these unauthorized expenditures were for
nonestate purposes, including payment of fees and costs associated
with the Chapter 13 filing of Victor Cordero, payment of an
unsecured personal loan, payment for caregiver services and debt
service on a loan secured by Lower Main, which Debtor admitted is
not to part of the estate.

      (c) The Debtor has also made unauthorized payments to various
professionals, with neither permission to use cash collateral nor
court approval for the retention of said professionals.

      (d) When First Hawaiian Bank obtained relief from the
automatic stay as to Lower Main, Debtor orchestrated the filing of
a Chapter 13 case with his son Victor Cordero as the debtor,
claiming that Lower Main was actually part of Victor Cordero's
bankruptcy estate. The Debtor made no bones about the fact that the
sole purpose of Victor Cordero's bankruptcy was preventing
foreclosure on Lower Main.

      (e) The Debtor's purported plan of reorganization revolves
around the sale of two properties (the "Kihei Properties") to a
third-party purchaser. However, the Debtor has failed to
demonstrate that either property was adequately marketed or that
the proposed sale prices are appropriately based on professional
appraisals. Moreover, at least one of the properties is owned 50%
by Ann Lou Cordero's revocable living trust and is the subject of
the pending foreclosure action, raising doubt as to whether the
sale could even close as Debtor has represented. Finally, despite
Debtor's assurances to the contrary, even if the sale were to close
as promised, First Hawaiian Bank would not be paid in full from its
proceeds. Given all of these concerns, the Court denied Debtor's
motion to approve the sale of the two properties.

In light of these numerous issues, First Hawaiian Bank contends
that the Debtor appears to be either incapable or unwilling to
operate his estate in the interest of his creditors. In either
case, he cannot be trusted to fulfill his fiduciary duties as a
debtor-in-possession.

Attorneys for First Hawaiian Bank:

              Jonathan W. Y. Lai, Esq.
              Alan J. Ma, Esq.
              Thomas H. Yee, Esq.
              WATANABE ING LLP
              A Limited Liability Law Partnership
              First Hawaiian Center, Suite 1250
              999 Bishop Street
              Honolulu, Hawaii 96813
              Telephone No.: (808) 544-8300
              Facsimile No.: (808) 544-8399
              E-mail: jlai@wik.com
                      ama@wik.com
                      tyee@wik.com

Salvador Cacho Cordero sought Chapter 11 protection (Bankr. D.
Hawaii Case No. 17-01071) on Oct. 15, 2017.  The Debtor tapped
Ramon J. Ferrer, Esq., at Law Office of Ramon J. Ferrer, as
counsel.


SCIENTIFIC GAMES: BlackRock Has 7.4% of Shares as of Dec. 31
------------------------------------------------------------
BlackRock, Inc. disclosed with the Securities and Exchange
Commission that as of Dec. 31, 2017, it beneficially owned
6,609,383 shares of Class A common stock of Scientific Games
Corporation, constituting 7.4 percent of the shares outstanding.  A
full-text copy of the regulatory filing is available at:

                       https://is.gd/FH7fwl

                      About Scientific Games

Based in Las Vegas, Nevada, Scientific Games Corporation (NASDAQ:
SGMS) -- http://www.scientificgames.com/-- is a developer of
technology-based gaming systems, table games, table products and
instant games and a leader in products, services and content for
gaming, lottery and interactive gaming markets.  Scientific Games
delivers what customers and players value most: trusted security,
creative content, operating efficiencies and innovative technology.
Today, the Company offers customers a fully integrated portfolio
of technology platforms, robust systems, engaging content and
unrivaled professional services.

Scientific Games reported a net loss of $353.7 million in 2016, a
net loss of $1.39 billion in 2015 and a net loss of $234.3 million
in 2014.  Scientific Games had $7.06 billion in total assets, $9.03
billion in total liabilities and a $1.97 billion total
stockholders' deficit.


SEADRILL LTD: Committee Seeks to Examine Norwegian Director
-----------------------------------------------------------
The Official Committee of Unsecured Creditors in Seadrill Limited's
Chapter 11 cases filed with the U.S. Bankruptcy Court a "Motion to
Issue a Letter of Request For International Judicial Assistance
from Norway, pursuant to Fed. R. Civ. P. 28(b), made applicable to
the proceeding through Fed. R. Bankr. P. 7028, and Article 1 of the
Hague Convention on the Taking of Evidence in Civil or Commercial
Matters."

Specifically, the Committee intends to seek international
assistance in the Kingdom of Norway to obtain important testimony
from Orjan Svanevik, a Norwegian citizen.

Mr. Svanevik served as a Director of Seadrill Limited and North
Atlantic Drilling, Ltd. -- a Debtor subsidiary -- and Chairman of
the Board of Archer Limited -- a Bermuda company 15.7% owned by
Seadrill Limited -- throughout 2016 and until mid-November 2017,
when he resigned from these positions. Also until mid-November
2017, he was employed by Seatankers Group, a Cypriot entity
controlled by John Fredriksen, Chairman of the Board of Directors
of Seadrill Limited, who also controls Hemen Holding Ltd.

The Committee claims Mr. Svanevik has not been made available by
the Debtor and Hemen, Seadrill's largest shareholder and insider.

The Committee explains it is conducting an investigation into the
Company's prepetition marketing and capital raise process and
various pre-petition transactions.

In particular, the Committee is evaluating and analyzing:

     * whether the prepetition and postpetition marketing and
       capital raise process was fair and open with full
       information available to interested bidders;

     * whether the assumption of all the Debtors' charter
       agreements with Ship Finance Limited -- of which Hemen
       Holding Ltd. is a 36% owner -- is appropriate;

     * whether there is undisclosed value in various non-
       consolidated entities, particularly Seabras, SeaMex and
       Seadrill Limited Partners ("SDLP");

     * whether the "ring-fencing" or "insulating" transactions
       with various non-consolidated entities provided fair value
       and consideration to the Debtors;

     * whether certain prepetition transactions -- including
       discrete purchases of loans and transfers of rigs and
       other assets -- when the Debtors were likely insolvent are
       subject to avoidance; and

     * whether payments to insiders -- which currently are not
       sufficiently disclosed in the Debtors' schedules and
       statement of financial affairs -- are subject to
       avoidance.

The Committee is also evaluating the proposed Plan and its
treatment of general unsecured creditors.

Beginning in mid-October, the Committee served Rule 2004 discovery
requests on the Debtors and various other parties to the
Restructuring Support Agreement and/or their advisors, including
key players such as:

     -- Houlihan Lokey,
     -- Morgan Stanley,
     -- Hemen,
     -- Centerbridge,
     -- Moelis, who serves as advisor to the ad hoc group of
        noteholders, and
     -- the CoCom Banks.

Some of these parties have substantially completed their document
productions, while others are still in the process of
pre-production review.  The Committee is currently in the process
of scheduling depositions to take place later in January and in
February.

Mr. Svanevik served on the Refinancing Committee of the Board of
Directors of Seadrill Limited and was identified as a document
custodian both by the Debtors and by Hemen in connection with the
Committee's Rule 2004 requests.  The documents produced by the
Debtors and Hemen in discovery show that Svanevik acted as a key
intermediary between Seadrill Limited, Hemen, and other investors
on all aspects of the capital raise and marketing process
throughout 2016 and 2017.

According to the Committee, given his dual connections with the
Debtors and with Hemen and Fredriksen during the relevant period,
Mr. Svanevik is uniquely situated to address the role of Hemen and
Fredriksen in the transactions at issue.  Hemen and the Debtors
have produced Mr. Svanevik's communications concerning the
transactions, and it is important that the Committee have the
opportunity to examine him on the contents of those
communications.

The Committee disclosed that it requested Hemen to produce Mr.
Svanevik for deposition but was told that because he was no longer
employed by Seatankers, Hemen would not be able to produce him or
to accept a subpoena on his behalf.  Similarly, the Committee
sought the Debtor's assistance in obtaining Mr. Svanevik's
testimony but was told that because he was never an employee of the
Debtors, they could not arrange for him to appear.

Accordingly, the Committee seeks the Court's assistance.

The Committee also seeks to have the Letter of Request translated
into Norwegian, and send the Letter of Request and translated
version thereof to the appropriate Norwegian authority for
consideration.

The Committee relates Seadrill's proposed Plan provides an
approximately 5% distribution to general unsecured creditors
(assuming general unsecured creditors vote in favor of the Plan and
are eligible to participate in a Rights Offering).  The Plan
provides:

     (i) Hemen, Centerbridge and the other Commitment Parties
         significant value through the equity and new secured
         notes, and

    (ii) the CoCom Banks with enhanced collateral through the
         amendment and extension of their credit facilities.

The Plan also seeks to assume all of the Debtors' charter
agreements with SFL and provides third party releases to a
significant number of affiliates of the Debtors and the RSA
Parties.

The Bankruptcy Court on September 13, 2017, entered a Scheduling
Order that set January 10, 2018, as the Disclosure Statement
hearing, and March 26 as the start of the Confirmation Hearing. On
January 5, the Court adjourned the Disclosure Statement hearing to
February 1.

On December 22, 2017, the parties submitted to the Court an Agreed
Scheduling Order Regarding Plan Confirmation Discovery.  Under the
December 22 Scheduling Order, fact and expert discovery, including
depositions, must be completed by March 2, 2018.

In December 2017, Seadrill filed with the U.S. Securities and
Exchange Commission its Updated Business Plan, a copy of which is
available at https://is.gd/9Clufv

On December 15, the Company filed a revised disclosure statement
with the U.S. Court.  The revised disclosure statement includes
valuation and liquidation analyses prepared by the Company and its
advisors and can be viewed at:

           https://www.primeclerk.com/SeadrillAmendedDS

                      About Seadrill Ltd

Seadrill Limited is a deepwater drilling contractor providing
drilling services to the oil and gas industry.  It is incorporated
in Bermuda and managed from London.  Seadrill and its affiliates
own or lease 51 drilling rigs, which represents more than 6% of the
world fleet.

As of Sept. 12, 2017, Seadrill employed 3,760 highly-skilled
individuals across 22 countries and five continents to operate
their drilling rigs and perform various other corporate functions.

As of June 30, 2017, Seadrill had $20.71 billion in total assets,
$10.77 billion in total liabilities and $9.94 billion in total
equity.

Seadrill reported a net loss of US$155 million on US$3.17 billion
of total operating revenues for the year ended Dec. 31, 2016,
following a net loss of US$635 million on US$4.33 billion of total
operating revenues for the year ended in 2015.

After reaching terms of a reorganization plan that would
restructure $8 billion of funded debt, Seadrill Limited and 85
affiliated debtors each filed a voluntary petition for relief under
Chapter 11 of the United States Bankruptcy Code (Bankr. S.D. Tex.
Lead Case No. 17-60079) on Sept. 12, 2017.

Together with the chapter 11 proceedings, Seadrill, North Atlantic
Drilling Limited ("NADL") and Sevan Drilling Limited ("Sevan")
commenced liquidation proceedings in Bermuda to appoint joint
provisional liquidators and facilitate recognition and
implementation of the transactions contemplated by the RSA and
Investment Agreement, and Simon Edel, Alan Bloom and Roy Bailey of
Ernst & Young are to act as the joint and several provisional
liquidators.

In the Chapter 11 cases, the Company has engaged Kirkland & Ellis
LLP as legal counsel, Houlihan Lokey, Inc. as financial advisor,
and Alvarez & Marsal as restructuring advisor.  Slaughter and May
has been engaged as corporate counsel, and Morgan Stanley served as
co-financial advisor during the negotiation of the restructuring
agreement.  Advokatfirmaet Thommessen AS is serving as Norwegian
counsel.  Conyers Dill & Pearman is serving as Bermuda counsel.
Prime Clerk serves as claims agent.

The United States Trustee for Region 7 formed an official committee
of unsecured creditors with seven members: (i) Computershare Trust
Company, N.A.; (ii) Daewoo Shipbuilding & Marine Engineering Co.,
Ltd.; (iii) Deutsche Bank Trust Company Americas; (iv) Louisiana
Machinery Co., LLC; (v) Nordic Trustee AS; (vi) Pentagon Freight
Services, Inc.; and (vii) Samsung Heavy Industries Co., Ltd.

Kramer Levin Naftalis & Frankel LLP is serving as lead counsel to
the Committee.  Cole Schotz P.C. is local and conflicts counsel to
the Committee.  Zuill & Co (in exclusive association with Harney
Westwood & Riegels) is serving as Bermuda counsel.  London-based
Quinn Emanuel Urquhart & Sullivan, UK LLP, is serving as English
counsel.  Parella Weinberg Partners LLP is the investment banker to
the Committee.  FTI Consulting Inc. is the financial advisor.


SEADRILL LTD: Feb. 7 Hearing on Panel Misclassification Plea
------------------------------------------------------------
The hearing on the Expedited Motion by the Official Committee of
Unsecured Creditors for an Order Pursuant to Bankruptcy Rule 3013
Determining That Holders of Credit Agreement Unsecured Claims are
Improperly Classified Under the Chapter 11 Exit Plan of Seadrill,
Limited, has been continued to February 7, 2018 at 1:00 P.M. (CST)
before the Hon. Judge David R. Jones, in Courtroom 400, United
States Courthouse, 515 Rusk Ave., Houston, Texas 77002.

Any responses to the Motion must be filed on or before February 1,
2018 at 5:00 P.M. (CST).

The unsecured creditors committee is asking the Bankruptcy Court to
declare that holders of credit agreement unsecured claims are
improperly classified under the Debtors' First Amended Joint
Chapter 11 Plan of Reorganization.  The Committee, according to a
BankruptcyData report, said "In contrast to the substantial
opportunities offered to [Hemen Holding Ltd.] and the other
Preferred Investors, the Debtors' Plan provides that certain
general unsecured creditors will receive the right to participate
on a pro rata basis in (i) $25 million of the $200 million equity
investment and (ii) $85 million of the $860 million in New Secured
Notes -- or approximately 10% of both tranches of the investment.
See id.  In addition, all general unsecured creditor classes (which
include the Preferred Investors' bond claims) will receive their
pro rata share of 15% of the equity in the Reorganized Debtors
(prior to dilution from the Hemen Structuring Fee).  With full
participation, this treatment would grant general unsecured
creditors other than the Preferred Investors less than 18% of the
equity in the Reorganized Debtors.  No provision is made for
general unsecured creditors who are not accredited investors and
are thus ineligible to participate in the rights offering.
Similarly, no provision is made for rejection damage claims that
are not determined in time to participate in the Rights Offering,
thereby excluding potentially hundreds of millions of dollars in
claims if the Debtors were to reject the contracts of Samsung Heavy
Industries and Daewoo for construction of new deep sea drilling
vessels . . . although the Disclosure Statement acknowledges that
general unsecured creditors will receive distributions totaling far
less than the amount of their pre-petition claims . . . the
Debtors' Plan provides for 2% of the equity in the Reorganized
Debtors to be distributed to holders of equity interests in
Seadrill --including Hemen, the largest shareholder of Seadrill.
The Debtors' Plan pairs this proposed distribution with a 'death
trap' feature.  This death trap permits unsecured creditor classes
to participate in the reorganized equity and the new investment
only if they vote to accept the Debtors' Plan -- and thereby
consent to a distribution to pre-petition equity that would not be
allowed in a cramdown. Of course, their vote to accept would also
ratify the disproportionate returns that the Preferred Investors
would receive under the Plan."

                      About Seadrill Ltd

Seadrill Limited is a deepwater drilling contractor providing
drilling services to the oil and gas industry.  It is incorporated
in Bermuda and managed from London.  Seadrill and its affiliates
own or lease 51 drilling rigs, which represents more than 6% of the
world fleet.

As of Sept. 12, 2017, Seadrill employed 3,760 highly-skilled
individuals across 22 countries and five continents to operate
their drilling rigs and perform various other corporate functions.

As of June 30, 2017, Seadrill had $20.71 billion in total assets,
$10.77 billion in total liabilities and $9.94 billion in total
equity.

Seadrill reported a net loss of US$155 million on US$3.17 billion
of total operating revenues for the year ended Dec. 31, 2016,
following a net loss of US$635 million on US$4.33 billion of total
operating revenues for the year ended in 2015.

After reaching terms of a reorganization plan that would
restructure $8 billion of funded debt, Seadrill Limited and 85
affiliated debtors each filed a voluntary petition for relief under
Chapter 11 of the United States Bankruptcy Code (Bankr. S.D. Tex.
Lead Case No. 17-60079) on Sept. 12, 2017.

Together with the chapter 11 proceedings, Seadrill, North Atlantic
Drilling Limited ("NADL") and Sevan Drilling Limited ("Sevan")
commenced liquidation proceedings in Bermuda to appoint joint
provisional liquidators and facilitate recognition and
implementation of the transactions contemplated by the RSA and
Investment Agreement, and Simon Edel, Alan Bloom and Roy Bailey of
Ernst & Young are to act as the joint and several provisional
liquidators.

In the Chapter 11 cases, the Company has engaged Kirkland & Ellis
LLP as legal counsel, Houlihan Lokey, Inc. as financial advisor,
and Alvarez & Marsal as restructuring advisor.  Slaughter and May
has been engaged as corporate counsel, and Morgan Stanley served as
co-financial advisor during the negotiation of the restructuring
agreement.  Advokatfirmaet Thommessen AS is serving as Norwegian
counsel.  Conyers Dill & Pearman is serving as Bermuda counsel.
Prime Clerk serves as claims agent.

The United States Trustee for Region 7 formed an official committee
of unsecured creditors with seven members: (i) Computershare Trust
Company, N.A.; (ii) Daewoo Shipbuilding & Marine Engineering Co.,
Ltd.; (iii) Deutsche Bank Trust Company Americas; (iv) Louisiana
Machinery Co., LLC; (v) Nordic Trustee AS; (vi) Pentagon Freight
Services, Inc.; and (vii) Samsung Heavy Industries Co., Ltd.

Kramer Levin Naftalis & Frankel LLP is serving as lead counsel to
the Committee.  Cole Schotz P.C. is local and conflicts counsel to
the Committee.  Zuill & Co (in exclusive association with Harney
Westwood & Riegels) is serving as Bermuda counsel.  London-based
Quinn Emanuel Urquhart & Sullivan, UK LLP, is serving as English
counsel.  Parella Weinberg Partners LLP is the investment banker to
the Committee.  FTI Consulting Inc. is the financial advisor.


SEARS HOLDINGS: Plans to Commence Notes Exchange Offers
-------------------------------------------------------
Sears Holdings Corporation said that it intends to commence
exchange offers pursuant to which it would offer to (1) issue in
exchange for its outstanding 8% Senior Unsecured Notes Due 2019 new
8% Senior Unsecured Notes Due 2019, of a like principal amount,
convertible into common stock of the Company, at a conversion price
of approximately 120 shares per $1,000 in principal amount of
indebtedness (or approximately $8.33 in principal amount per
share), with interest on those notes to be payable in kind at the
Company's option, and (2) issue in exchange for its outstanding 6
5/8% Senior Secured Notes Due 2018 new 6 5/8% Senior Secured Notes
Due 2019, of a like principal amount, convertible into common stock
of the Company, at a conversion price of approximately 200 shares
per $1,000 in principal amount of indebtedness (or approximately $5
in principal amount per share), with interest on such notes to be
payable in kind at the Company's option.  The New 8% Senior Notes
and New 6 5/8% Senior Secured Notes would be optionally convertible
by the holders thereof, and would be mandatorily convertible at the
Company's option if the volume weighted average trading price of
the common stock on the NASDAQ exceeds $10 for a prescribed
period.

The Company contemplates that the Exchange Offers would be made
under an exemption from the registration requirements of the
Securities Act of 1933, as amended, exclusively to certain
accredited investors (as defined in Rule 501 of Regulation D under
the Securities Act), and to certain non-U.S. residents pursuant to
Regulation S under the Securities Act, in each case who are holders
of 8% Senior Notes or 6 5/8% Senior Secured Notes.

The Company also intends to pursue (1) an amendment with the
lenders thereunder, certain funds managed by ESL Investments, Inc.
or an affiliate thereof, of its outstanding $300 million principal
amount second lien term loan to include a feature permitting the
payment of interest in kind at the Company's option and to provide
that the Company's obligation under the loan would be convertible
into common stock of the Company, on the same conversion terms as
the New 6 5/8% Senior Secured Notes, and (2) a negotiated exchange,
with certain third parties, of approximately $95 million in
principal amount of senior unsecured notes maturing between 2027
and 2043 and bearing interest at rates between 6.50% and 7.50% per
annum issued by the Company's subsidiary, Sears Roebuck Acceptance
Corp., for new unsecured notes maturing in March 2028, which would
bear interest at a rate equal to 7.00% per annum (which interest
may be paid in kind at the option of the Company at rate equal to
12.00% per annum).  The SRAC Exchange Notes would be guaranteed by
the same subsidiaries of the Company which guarantee the 6 5/8%
Senior Secured Notes.  The Company contemplates that the negotiated
exchange of the SRAC Notes would be effected under an exemption
from the registration requirements of the Securities Act.  The
Lenders and Noteholders have each indicated that they would expect
to support the Exchange Offers and the respective transactions
described in this press release and applicable to them.

                      About Sears Holdings

Based in Hoffman Estates, Illinois, Sears Holdings Corporation
(NASDAQ: SHLD) -- http://www.searsholdings.com/-- is an integrated
retailer focused on seamlessly connecting the digital and physical
shopping experiences to serve its members.  Sears Holdings is home
to Shop Your Way, a social shopping platform offering members
rewards for shopping at Sears and Kmart, as well as with other
retail partners across categories important to them.  The Company
operates through its subsidiaries, including Sears, Roebuck and Co.
and Kmart Corporation, with full-line and specialty retail stores
across the United States.

Sears Holdings reported a net loss of $2.22 billion in 2016, a net
loss of $1.12 billion in 2015 and a net loss of $1.81 billion in
2014.  As of Oct. 28, 2017, Sears Holdings had $8.19 billion in
total assets, $12.20 billion in total liabilities and a total
deficit of $4 billion.

                          *     *     *

As reported by the TCR on Jan. 25, 2018, Fitch Ratings has
downgraded the Long-Term Issuer Default Ratings (IDRs) on Sears
Holdings Corporation, Sears Roebuck Acceptance Corp. (SRAC) and
Kmart Corporation to 'C' from 'CC' following the company's
announcement that it has commenced an exchange of various tranches
of debt held at these entities.  Fitch also downgraded the
second-lien secured notes of Holdings to 'CC'/'RR3' from
'CCC+'/'RR1'.

In January 2018, S&P Global Ratings lowered its corporate credit
rating on Sears Holdings Corp. to 'CCC-' from 'CCC'.  The outlook
is negative.  The downgrade follows Sears announcement that it is
in discussions with its lenders regarding potential transactions
that would modify the agreement terms of more than $1 billion of
its non-first-lien debt.

The TCR reported on Nov. 20, 2017, that Moody's Investors Service
downgraded Sears Holdings Corp.'s Corporate Family Rating to 'Caa3'
from 'Caa2'.  Sears' Caa3 rating reflects the company's sizable
operating losses - Domestic Adjusted EBITDA was an estimated loss
of approximately $625 million for the LTM period ending Oct. 28,
2017.


SEEGRID CORP: Horbal Collaterally Estopped from Suing Giant Eagle
-----------------------------------------------------------------
In the appeals case captioned ANTHONY HORBAL AND HERC MANAGEMENT
SERVICES, LLC, v. GIANT EAGLE, INC., GIANT EAGLE OF DELAWARE INC.,
DANIEL SHAPIRA, DAVID SHAPIRA AND LAURA KARET Appellants, No. 1454
WDA 2016 (Pa. Super.), Giant Eagle, Inc., Giant Eagle of Delaware,
Inc., Daniel Shapira, David Shapira, and Laura Karet, appeal from
the June 30, 2016 order sustaining in part, and overruling in part,
their preliminary objections to the second amended complaint filed
by Anthony Horbal and HERC Management Services, LLC.  The Superior
Court of Pennsylvania reverses in part, affirms in part, and
remands the case to the bankruptcy court.

Horbal commenced this action against Giant Eagle by filing a
complaint on August 6, 2014. The complaint alleged the following.
Horbal and Giant Eagle were both investors in an automated guided
vehicle company, Seegrid Corporation. Seegrid achieved some success
but failed to sustain the revenue necessary to continue operations
without regular infusions of capital. In addition to providing
capital, Horbal and Giant Eagle also purchased debt from the
corporation, eventually becoming Seegrid's two largest creditors.
However, by late 2013, Horbal could no longer continue investing
additional capital in Seegrid. Horbal alleged that, in November
2013, Giant Eagle began taking steps to ensure that Seegrid
remained undercapitalized so that it could increase its stake in
the company at Horbal's expense.

Horbal filed a second amended complaint identical to its previous
complaints in all relevant regards but adding Daniel Shapira, David
Shapira, and Laura Karet as additional defendants. Giant Eagle then
filed preliminary objections to Horbal's second amended complaint,
contending, inter alia, that the decisions by both the Delaware
Bankruptcy Court and also the Delaware Supreme Court collaterally
estopped Horbal from proceeding with its suit. On June 30, 2016,
the court partially sustained Giant Eagle's preliminary objections
as to certain scandalous and impertinent material, but overruled,
without explanation, the preliminary objections in all other
regards, including that the matter was barred by collateral
estoppel. The trial court did not respond to a request by Giant
Eagle to certify that ruling for immediate appeal, and thus, it was
deemed denied on July 30, 2016. Subsequently, Giant Eagle
petitioned this Court for review of the trial court's failure to
certify for immediate appeal its decision to overrule Giant Eagle's
preliminary objections based on its allegation that the matter was
barred by collateral estoppel.

Giant Eagle's argument is two-fold. First, it asserts that
collateral estoppel applies to bar Horbal's claim that Giant
Eagle's participation in the formulation, negotiation, and
confirmation of Seegrid's Chapter 11 reorganization plan
constituted a breach of its fiduciary duty to other minority
shareholders. It maintains that this inquiry is the same issue
Horbal presented before the Bankruptcy Court, that the Bankruptcy
Court's ruling constituted a final order, and that the findings
contained therein directly contradict the factual basis of Horbal's
present complaint. Giant Eagle claims that Horbal was a party to
the plan confirmation proceeding and that Horbal had a full and
fair opportunity to litigate these issues prior to the confirmation
of the plan since the parties conducted discovery, depositions, and
four days of trial before the Bankruptcy Court. Finally, Giant
Eagle argues that the court's findings were not merely dicta, but
were essential to the court's confirmation of the plan.

Second, Giant Eagle asserts that the Delaware Supreme Court's
affirmance of the Chancery Court's application of collateral
estoppel to Horbal's derivative claims also precludes Horbal from
maintaining suit herein. Giant Eagle designates the effect of the
Delaware Supreme Court's ruling as "double collateral estoppel,"
and argues that this Court "should respect the Delaware Supreme
Court's decision" based on the principle of judicial comity.

Here, the Court emphasizes that collateral estoppel pertains to
issue preclusion, and that it applies to bar a new cause of action
if the factual or legal predicate underlying those claims has
previously been determined by a court of concurrent jurisdiction.
Although Horbal brought a derivative action on behalf of Seegrid in
Delaware, and a direct action here, the factual basis of those
complaints is identical, and thus, there is no impediment to
applying the doctrine of collateral estoppel to bar Horbal's direct
claims herein. Further, Horbal alleged that Giant Eagle breached
its fiduciary duties to its fellow minority shareholders in
Seegrid, a Delaware corporation. Claims of this nature are subject
to Delaware law. The Delaware Supreme Court has long been known for
its expertise in corporate matters, which also militates in favor
of acceding to the demands of comity in this case.

Questions of fact remain undecided by the trial court with regard
to the extent and effect of the consulting and management agreement
as well as the settlement and release agreement between Horbal and
Seegrid. The Court finds that the certified record is not adequate
to address the merits of this issue at the present juncture.
Accordingly, the Court affirms the trial court's decision to
overrule Giant Eagle's preliminary objections with regard to
Horbal's claim for tortious interference with a contract and
reverses with regard to its ruling that collateral estoppel does
not bar the claims for breach of fiduciary duties.

A full-text copy of the Superior's Court Jan. 17, 2018 Decision is
available at https://is.gd/0CU9SA from Leagle.com.

Scott D. Livingston -- livingston@marcus-shapira.com -- Marcus &
Shapira, L.L.P., for Appellant, David Shapira.

Bernard D. Marcus -- marcus@marcus-shapira.com -- Marcus & Shapira,
L.L.P., for Appellant, David Shapira.

Jonathan Davis Marcus -- marcus@marcus-shapira.com -- Marcus &
Shapira, L.L.P., for Appellant, David Shapira.

Joshua Andrew Kobrin -- kobrin@marcus-shapira.com -- Marcus &
Shapira, L.L.P., for Appellant, David Shapira.

Daniel J. Stuart -- stuart@marcus-shapira.com -- Marcus & Shapira,
L.L.P., for Appellant, Laura Karet.

Scott D. Livingston , Marcus & Shapira, L.L.P., for Appellant,
Giant Eagle, Inc.

Bernard D. Marcus , Marcus & Shapira, L.L.P., for Appellant, Giant
Eagle, Inc.

Jonathan Davis Marcus , Marcus & Shapira, L.L.P., for Appellant,
Giant Eagle, Inc.

Bernard D. Marcus , Marcus & Shapira, L.L.P., for Appellant, Giant
Eagle of Delaware, Inc.

Jonathan Davis Marcus , Marcus & Shapira, L.L.P., for Appellant,
Giant Eagle of Delaware, Inc.

Joshua Andrew Kobrin , Marcus & Shapira, L.L.P., for Appellant,
Giant Eagle of Delaware, Inc.

Daniel J. Stuart , Marcus & Shapira, L.L.P., for Appellant, Giant
Eagle of Delaware, Inc.

Thomas Francis Merrick , Caroselli, Beachler, McTiernan & Coleman,
L.L.C., for Appellee, Anthony Horbal.

Catherine Pastrikos Kelly , Meyner and Landis, for Appellee,
Anthony Horbal.

                  About Seegrid Corporation

Pittsburgh-based Seegrid Corporation is a developer of robotic
vision-guided automated vehicles.  It was founded in 2003 by two
Carnegie Mellon University robotic scientists, Hans Moravec and
Scott Friedman.

Seegrid Corporation filed for Chapter 11 bankruptcy protection
(Bank. D. Del. Case No. 14-12391) on Oct. 21, 2014, estimating its
assets at $1 million to $10 million and its debt at $50 million to
$100 million.  The petition was signed by David Hellman,
president.

U.S. Bankruptcy Judge Brendan L. Shannon in Delaware confirmed on
Jan. 15, 2015, the Company's prepackaged Chapter 11 plan of
reorganization.


SEMCRUDE LP: ND Waived Right to Assert Lien in Sold Oil
-------------------------------------------------------
Bankruptcy Judge Brendan Linehan Shannon recommends that J. Aron &
Company's renewed motion for summary judgment be granted in the
case captioned New Dominion, LLC, Plaintiff, v. J. Aron & Company,
Defendant, Adv. No. 11-51774 (Bankr. D. Del.).

The parties are more than familiar with the complex background of
the bankruptcy case and family of adversary proceedings. As
relevant here, ND sold oil to SemCrude who promptly sold that oil
to third parties. ND was not paid in full for the oil it sold to
SemCrude between June 1 and July 1, 2008. ND argues that SemCrude
(or one of its affiliates) sold at least some of that oil to J.
Aron, and ND asserts a security interest and lien on the proceeds
thereof under Oklahoma law. ND commenced this litigation to
foreclose upon its asserted lien. By J. Aron's motion for summary
judgment, J. Aron seeks a ruling from the Court that it purchased
oil from the Debtors free and clear of any liens or other rights of
ND.

Upon analysis of the case, the Court finds that ND sold its oil to
SemCrude pursuant to standard industry terms that provide a
warranty that the oil was sold free and clear of all liens, claims
and encumbrances. Accordingly, ND waived its right to assert any
lien in the oil it sold. The Court, therefore, recommends that J.
Aron's motion for summary be granted be granted.

The bankruptcy case is in re: SemCrude, L.P., et al., Chapter 11,
Reorganized Debtors, Case No. 08-11525 (BLS) (Jointly
Administered)(Bankr. D. Del.).

A full-text copy of the Court's Proposed Findings dated Jan. 17,
2018 is available at https://is.gd/stvjkX from Leagle.com.

New Dominion, LLC, Plaintiff, represented by William A. Hazeltine
-- whazeltine@sha-llc.com -- Sullivan Hazeltine Allinson LLC &
William D. Sullivan -- bsullivan@sha-llc.com  -- Sullivan Hazeltine
Allinson LLC.

J Aron & Company, Defendant, represented by Don A. Beskrone --
DBeskrone@ashbygeddes.com -- Ashby & Geddes, Matthew M. Bunda ,
Cleary Gottlieb Steen & Hamilton LLP, Amanda Winfree Herrmann ,
Ashby & Geddes, P.A., Mark E. McDonald , Cleary Gottlieb Steen &
Hamilton LLP, Thomas J. Moloney , Cleary Gottlieb Steen & Hamilton
LLP, Boaz S. Morag , Cleary Gottlieb Steen & Hamilton LLP, Stacy L.
Newman  -- SNewman@ashbygeddes.com -- Ashby & Geddes, P.A. & Rishi
N. Zutshi , Cleary Gottlieb Steen & Hamilton LLP.

                     About SemGroup L.P.

SemGroup, L.P. -- http://www.semgrouplp.com/-- is a midstream
service company that provides diversified services for end users
and consumers of crude oil, natural gas, natural gas liquids and
refined products.  Services include purchasing, selling,
processing, transporting, terminalling and storing energy.
SemGroup serves customers in the United States, Canada, Mexico and
Wales.

SemGroup L.P. and its debtor-affiliates filed for Chapter 11
protection (Bankr. D. Del. Case No. 08-11525) on July 22, 2008.
John H. Knight, Esq., L. Katherine Good, Esq. and Mark D. Collins,
Esq., at Richards Layton & Finger; Harvey R. Miller, Esq., Michael
P. Kessler, Esq., and Sherri L. Toub, Esq., at Weil, Gotshal &
Manges LLP; and Martin A. Sosland, Esq., and Sylvia A. Mayer, Esq.,
at Weil Gotshal & Manges LLP, represented the Debtors in their
restructuring efforts.  Kurtzman Carson Consultants L.L.C. served
as the Debtors' claims agent.  The Blackstone Group L.P. and A.P.
Services LLC acted as the Debtors' financial advisors.

Margot B. Schonholtz, Esq., and Scott D. Talmadge, Esq., at Kaye
Scholer LLP; and Laurie Selber Silverstein, Esq., at Potter
Anderson & Corroon LLP, represented the Debtors' prepetition
lenders.

SemGroup L.P.'s affiliates, SemCAMS ULC and SemCanada Crude
Company, sought protection under the Companies' Creditors
Arrangement Act (Canada) on July 22, 2008.  Ernst & Young, Inc., is
the appointed monitor of SemCanada Crude Company and its
affiliates' reorganization proceedings before the Canadian
Companies' Creditors Arrangement Act.

SemGroup LP won confirmation from the Bankruptcy Court of its
Fourth Amended Plan of Reorganization on Oct. 28, 2008.  The Plan,
which distributed more than $2.5 billion in value to stakeholders,
was declared effective on Nov. 30, 2008.

As part of the Plan, the Reorganized Debtors entered into two new
credit facilities aggregating $625 million in financing; entered
into a $300 million Second Lien Term Facility; created a new
corporate structure, including issuing shares of common stock and
warrants; and distributed approximately $500 million of cash and
approximately $1 billion in value of new common stock and warrants
to thousands of creditors in accordance with the Plan.


SILO NAIL: Seeks Court Approval to Hire Expert Witness
------------------------------------------------------
Silo Nail LLC seeks approval from the U.S. Bankruptcy Court for the
Middle District of Florida to hire an expert witness.

The Debtor proposes to employ Daryl Grubbs to prepare an estimate
or report and testify regarding the cost of "modifying" the unit
available for lease near its property.

Mr. Grubbs will charge an hourly fee of $300 and will be paid a
retainer in the sum of $1,000.  The expert witness estimated a
total fee of $3,000 and a total of 10 hours to prepare the report.

In a court filing, Mr. Grubbs disclosed that his firm does not hold
any interest adverse to the Debtor or its estate.

                      About Silo Nail LLC

Silo Nail LLC owns and operates a nail salon located at 2219 County
Road 220, Suite 314, Middleburg, Florida.  It filed for Chapter 11
bankruptcy protection (Bankr. M.D. Fla. Case No. 17-03970) on Nov.
15, 2017, estimating assets and liabilities of less than $500,000.
Taylor J. King, Esq., at the Law Offices of Mickler & Mickler, is
the Debtor's bankruptcy counsel.


SINDESMOS HELLINIKES: $3.7M Sale of Deerfield Property Approved
---------------------------------------------------------------
Judge Timothy A. Barnes of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized Sindesmos
Hellinikes-Kinotitos of Chicago, also known as Holy Trinity
Hellenic Orthodox Church and Trinity Orthodox Church of Chicago, to
sell the real property located at 1078 Lake Cook Rd., Deerfield,
Illinois, commonly known as 1085 Lake Cook Road, Deerfield,
Illinois, to The Cove School, Inc. for $3,700,000.

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

At the closing, the net proceeds of sale, after payment of all
customary closing costs will be paid to MB Financial Bank, in
partial satisfaction of its secured claim.

Notwithstanding Rules 6004(h) and 6006(d), the Order will be
effective immediately upon entry, and the Debtor is authorized to
close the transactions contemplated by the Purchase Agreement
immediately upon entry of the Order, subject to the terms of the
Purchase Agreement.

                      About Holy Trinity

Sindesmos Hellinikes-Kinotitos of Chicago, a/k/a Holy Trinity
Helennic Orthodox Church, a/k/a Holy Trinity Orthodox Church of
Chicago, is an Illinois religious corporation which for more than
100 years has operated a Greek Orthodox Church currently located at
6041 W. Diversey Avenue, Chicago, Illinois 60639, where it conducts
its religious services and provides parish activities.  The instant
case bankruptcy case was filed because of a pending state
foreclosure proceeding filed by MB Financial Bank, NA, against the
Debtor with respect to the Chicago Property.

Holy Trinity is an Illinois religious corporation which for more
than 100 years has operated a Greek Orthodox Church currently
located at 6041 W. Diversey Ave., Chicago, Illinois, where it
conducts its religious services and provides parish activities.

In 2004, Holy Trinity purchased property at 1085 N. Lake Cook Road,
Deerfield, Illinois, for the purpose of relocating its parochial
school known as the Socrates Greek-American Elementary School,
which was founded in 1908, to the Deerfield Property.

Holy Trinity sought Chapter 11 protection (Bankr. N.D. Ill. Case
No. 15-22446) on June 29, 2015, estimating assets up to $50,000 in
assets and $100,001 to $500,000 in debt.

The Chapter 11 case was filed because of a pending state
foreclosure proceeding filed by MB Financial Bank, NA ("MB")
against the Debtor with respect to the Chicago Property.

Judge Timothy A. Barnes is assigned to the Chapter 11 case.  

David R Herzog, Esq., at Herzog & Schwartz, P.C., serves as the
Debtor's counsel.

On Jan. 25, 2016, the Court entered an order allowing the Debtor to
employ Richard Kahan and his real estate firm, KB Real Estate, to
market for sale the Deerfield Property.


SOUTH SHORE PAINTING: Court Gives Final Approval to Use Cash Collat
-------------------------------------------------------------------
The Hon. Michael G. Williamson of the U.S. Bankruptcy Court for the
Middle District of Florida gave South Shore Painting &
Waterproofing, LLC, authority to use cash collateral nunc pro tunc
to the Petition Date.

Subject to the provisions of the order, the Debtor is authorized to
use cash collateral to pay:

   (a) amounts expressly authorized by the Court, including
payments to the US Trustee for quarterly fees;

   (b) the current and necessary expenses set forth in the budget,
plus an amount not to exceed 10% for each line item; and

   (c) such additional amounts as may be expressly approved in
writing by Fora Financial LLC, Vernon Capital Group LLC, Jet Stream
Funding, Saturn Funding LLC, Capital Advance Services, LLC and
Empire Funding.

The authorization will continue until further order of the Court
and except as authorized in the order, the Debtor is prohibited
from use of cash collateral. Expenditures in excess of the line
items in the budget or not on the budget will not be deemed to be
unauthorized use of cash collateral.  Expenditures in excess of the
line items in the budget or not on the budget may, nonetheless,
give rise to remedies in favor of the Secured Creditors

Each creditor with a security interest in cash collateral will have
a perfected post-petition lien against cash collateral to the same
extent and with the same validity and priority as the prepetition
lien, without the need to file or execute any document as may
otherwise be required under applicable non bankruptcy law.

                  About South Shore Painting

Based in Brandon, Florida, South Shore Painting and Waterproofing
LLC filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
17-09416) on Nov. 6, 2017, estimating under $1 million in assets
and liabilities.  James W. Elliot, Esq. at McIntyre Thanasides
Bringgold Elliott Grimaldi & Guito, P.A., is the Debtor's counsel.


SPARTAN BUSINESS: Has Authorization to Use Cash Collateral
----------------------------------------------------------
The Hon. Klinette H. Kindred of the U.S. Bankruptcy Court for the
Eastern District of Virginia authorized Spartan Business &
Technology Services, Inc., to use cash collateral for the payment
of certain operating expenses which are necessary in the ordinary
course of its business as set forth in its Budget attached to the
Motion.

Associated Receivables Funding, Inc., A/R Funding, secured lender
to the Debtor, previously provided funding to the Debtor secured
solely by the accounts receivable of the Debtor.

A/R Funding is granted replacement liens and security interests in
accordance with 11 U.S.C. Section 361(2) and 552(b) in and to all
property of the estate of the type presently securing the Debtor's
indebtedness to A/R Funding, namely the accounts receivable.

In addition, A/R Funding is granted an administrative priority
claim to the extent the replacement liens and security interests
granted pursuant to the Order are insufficient to secure any
diminution in the value of A/R Funding's interests in the
pre-petition collateral.

The Debtor will continue to maintain, insure and otherwise preserve
and protect all prepetition collateral and post-petition collateral
in the same manner as may be required.

A hearing will be held on Jan. 30, 2018 at 11:00 a.m. to consider
entry of the Final Cash Collateral Order.  Any party-in-interest
objecting to the entry of the proposed Final Cash Collateral Order
must file written objections with the Clerk of the Court no later
than January 25, 2018.

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

             http://bankrupt.com/misc/vaeb18-10032-43.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 Jan. 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.


STAR GOLDEN: Proposed Auction Sale of Mesquite Property Denied
--------------------------------------------------------------
Judge Bruce T. Beesley of the U.S. Bankruptcy Court for the
District of Nevada denied Star Golden Enterprises, LLC' motion
asking approval of its bidding procedures in connection with the
sale of five Las Vegas real properties through an auction, as to
the real property located at 799 Mesquite Springs, Unit 101,
Mesquite, Nevada ("Mesquite Property").

Pursuant to the Motion, the Debtor proposes to sell the following
real properties: (i) located at 8600 W. Charleston Blvd., Apt.
2070, Las Vegas, Nevada ("Charleston Property"); (ii)  located at
8101 W. Flamingo Rd., Unit 2108, Las Vegas, Nevada; (iii) located
at 1199 Chestwood Ave., Las Vegas, Nevada; (iv) located at 3448
Castanada St., North Las Vegas, Nevada ("Castanada Property"); and
(v) the Mesquite Property.

All stay provisions are terminated with regards to the Mesquite
Property.

                 About Star Golden Enterprises

Star Golden Enterprises, LLC, was created on March 15, 2013, as a
Nevada series limited liability company in order to acquire
property for lease or sale at a profit.  Its members are IMME, LLC,
Evan Sofer and Robert Goldsmith.

Star Golden Enterprises sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 17-10440) on Jan. 31,
2017, estimating its assets and debt at $1 million to $10 million.


The Hon. Bruce T. Beesley is the case judge.

Garman Turner Gordon LLP is counsel to the Debtor, with the
engagement led by Gregory E. Garman, Esq., Gabrielle A. Hamm, Esq.,
and Mark M. Weisenmiller, Esq.

No trustee, examiner or official committee has been appointed in
the case.


STEAK N SHAKE: S&P Cuts CCR to CCC+ on Strained Capital Structure
-----------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on the
Indianapolis-based quick-service restaurant operator and franchisor
Steak n Shake Inc. to 'CCC+' from 'B-'. The outlook is negative.

S&P said, "At the same time, we lowered the issue-level rating on
the company's secured credit facility to 'CCC+' from 'B'. The
recovery rating on the facility is '3', indicating our expectation
for meaningful (50% to 70%; rounded estimate: 60%) recovery for
lenders in the event of payment default or bankruptcy.

"The downgrade reflects our view of Steak n Shake's capital
structure as potentially unsustainable, driven by its weak
operating performance and our view that increased restaurant
industry competition will further pressure profitability and cash
flow generation. Despite the company's low-price menu mix that has
historically appealed to value-conscious customers, we think
customer traffic in 2017 has remained negative because of
competition, a trend we think will continue. We also believe
pressures on operating costs such as increased labor, commodity,
and restaurant operating expenses will persist and lead to lower
EBITDA margins. Moreover, we think flat to modestly negative free
operating cash flow generation and low reported pricing indications
of the company's term loan, which matures in 2021, could be a
near-term incentive for debt repurchases below par.

"The negative outlook reflects our expectation that operating
performance will remain soft given an expected decline in customer
traffic and further restaurant cost pressures. This leads us to
view the company's capital structure as potentially unsustainable.

We could lower the rating if we envision a specific default
scenario over the next 12 months. This could occur if sharper than
expected declines in traffic results in lower operating results and
significant negative free operating cash flow.  We could also lower
the rating if we became convinced the company will pursue a
distressed exchange offer for its term loan facility.

"Although unlikely, we could raise the rating if the company
demonstrates improved and consistent performance, with sales gains
in the low-single-digit percentage range, along with EBITDA margin
expansion of about 200 basis points above our expectation. This
could happen if management offers a menu that is more appealing to
its customersand operating cost pressures subside. Under this
scenario, free operating cash flow would be meaningfully positive
on a sustained basis, adjusted leverage would be 6x or less, and we
would believe that the risk of a distressed exchange or proactive
debt restructuring is minimal."


STOP ALARMS: Frase Protection Buying All Assets for Approx. $450K
-----------------------------------------------------------------
Michael E. Collins, the Chapter 11 Trustee of Stop Alarms Holdings,
Inc. and Stop Alarms, Inc. ("SAI"), asks the U.S. Bankruptcy Court
for the Northern District of Georgia, to authorize the sale of
substantially all operating assets of SAI to Frase Protection, Inc.
for approximately $450,000.

Since his appointment as trustee in the case, the Trustee has
reviewed the operating results of the Debtors and evaluated the
prospects of proposing a reorganization plan or plans in the case.
Based on his review and business judgment, the Trustee has
determined that a liquidation of the assets of the Debtors is the
best option for maximizing the value of their estate.

Historically, SAI generated the cash flow needed to meet its
operating expenses through approximately 3,000 security monitoring
accounts, which generated substantial recurring monthly revenue
("RMR Accounts").  Within the year prior to the Petition Date, the
managers of the Debtors sold almost all of the RMR Accounts to
Alarm Funding Associates, LLC ("AFA") in four separate
transactions.  While the transactions with AFA were for fair value,
a substantial amount of the funds generated in those transactions
were not used to pay off SAI's debt or fund SAI's operations, but
were transferred out of the Debtors to their insiders.  The
resulting reduction of recurring monthly revenue left SAI barely
able to meet its current operating expenses and unable to service
its long-term debt.  The projected future cash flow of the business
is simply less, in present value terms, than the cash consideration
that could be received upon a liquidation sale of the assets.

Over the last few months, the Trustee has negotiated with three
separate groups interested in purchasing the assets of SAI free and
clear of all liens.  Two of the offerors made earn-out purchase
offers under which they would provide limited up-front
consideration with the remainder of the consideration paid over a
ten-year period without guaranties.  The total consideration to be
paid under each of these offers was approximately $550,000 based on
the estimated assets at Closing.  The third offeror, Frase, has
made an all-cash offer for the assets, excluding cash, of
approximately $300,000 based on the estimated assets at closing.
Including the operating cash to be retained by the estate, the
Frase offer effectively totals approximately $450,000.

The assets proposed to be sold will be sold free and clear of all
liens, claims and encumbrances with such liens, claims and
encumbrances to attach to the proceeds of the sale with the same
priority.  The assets to be sold include vehicles that are not
subject to any perfected lien because no lienholder is indicated on
the respective certificates of title.  Accordingly, the SAI estate
will retain the consideration for those vehicles.

Additionally, the Carneys, who hold the first lien on the assets,
have consented to a carve-out from their lien in the amount of
$15,000 to fund the expenses of the Debtors' estates in
consummating the sale.

All of the assets of SAI that are proposed to be sold, with the
exception of the vehicles, are subject to perfected security
interests of Joe and Trae Carney securing a total debt of
approximately $888,000.  Consequently, none of the offers incudes
consideration sufficient to fully satisfy the Carney's lien.

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

    http://bankrupt.com/misc/Stop_Alarms_198_Sales.pdf

After Court approval of the sale and upon closing of the same, the
Trustee intends to convert the Debtors' chapter 11 cases to chapter
7.  A motion to convert contingent on the closing of the Asset Sale
has been filed contemporaneously with the Motion.  Upon closing of
the asset sale, there will be no further ongoing operations of SAI
and the remaining assets to be pursued will be avoidance actions
and other claims that can be handled under chapter 7 of the
Bankruptcy Code.

The Trustee, in consultation with the Carneys, has determined that
the offer of Frase is the best offer for the assets even though the
total consideration offered by Frase is less than the total
consideration offered by the other offerors.  Additionally, Frase
has indicated an intent to employ most, if not all, of the existing
employees of the Debtors.

The Trustee respectfully asks the Court to waive the 14-day stay
provided by Federal Rule of Bankruptcy Procedure 6004(h).  Waiving
the 14-day stay will allow the Trustee to consummate the Asset Sale
on the timeline requested by Frase.

                         About Stop Alarms

Headquartered in Memphis, Tennessee, Stop Alarms --
http://www.stopalarmsystems.com/-- is a security company providing
security solutions for every aspect of security and life safety
across the residential and commercial marketplace.  It provides
home security and automation via an Alarm.com enabled iPhone, iPad,
Android, and other mobile apps.

Stop Alarms Holdings, Inc. and affiliate Stop Alarms, Inc., filed
for Chapter 11 bankruptcy protection (Bankr. N.D. Ga. Lead Case No.
17-57661) on April 28, 2017. Patrick Massey, president, signed the
petitions.  The cases are jointly administered.

David L. Bury, Jr., Esq., at Stone & Baxter, LLP, serves as the
Debtors' bankruptcy counsel.  The Debtors tapped Alexander Thompson
Arnold PLLC as public accountants.

Stop Alarms Holdings estimated assets of less than $500,000 and
liabilities of $1 million to $10 million.  SAI estimated assets of
less than $1 million and liabilities of $1 million to $10 million.

An official committee of unsecured creditors has not been appointed
in the Chapter 11 cases.


SUFFERN INT'L: $1.2M Sale of Blooming Grove Property to TWG Okayed
------------------------------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern
District of New York authorized Suffern International Equities,
Inc.'s sale of real property located at 1025 Route 17M, Blooming
Grove, New York to TWG Fabrics, Inc., for $1,200,000.

A hearing on the Motion was held on Sept. 22, 2017.

The sale will be free and clear of all Liens and Claims, with all
Liens and Claims to attach to the sale proceeds.

At the closing of the foregoing sale, the Debtor is authorized and
directed to pay from the sale proceeds all reasonable and customary
closing costs, transfer taxes and Court-allowed professional fees
pertaining to the sale (provided, that the Court allows payment of
reasonable and customary fees of closing counsel) and, thereafter,
to pay from the remaining sale proceeds all valid and undisputed
tax liens on the Property and, thereafter, all other valid and
undisputed liens on the Property in their order of priority.

Promptly after the closing of the foregoing sale, the counsel for
the Debtor will (a) file a certification on the docket of the case
setting forth all payments that were made at the closing and (b)
schedule a motion to dismiss the case or, in the alternative
schedule a case conference.

               About Suffern International Equities

Based in Monsey, New York, Suffern International Equities Inc. is
an investment company owned by Simi Weintraub.  Suffern has a fee
simple interest in investment property located at 1025 Route 17M,
Blooming Grove, NY, valued at $1,025,000.

Suffern International Equities filed a Chapter 11 petition (Bankr.
S.D.N.Y. Case No. 17-22349) on March 8, 2017.  In the petition
signed by President Simi Weintraub, the Debtor disclosed $1.02
million in assets and $450,000 in liabilities.  

The Hon. Robert D. Drain presides over the case.

Robert S. Lewis, Esq., at the Law Offices of Robert S. Lewis, PC,
serves as bankruptcy counsel, to the Debtor.


SYNIVERSE HOLDINGS: Moody's Hikes CFR to B3 on Revenue Growth
-------------------------------------------------------------
Moody's Investors Service has upgraded Syniverse Holdings, Inc.'s
corporate family rating (CFR) to B3 from Caa1 following the
company's continuing and steady improvement in operating
fundamentals as demonstrated by revenue growth for the first time
in 13 quarters in third quarter 2017, as well as in the recent
fourth quarter, compared with the same periods the previous year.
EBITDA growth, which began in first quarter 2017 after ten quarters
of declines, has been sustained through all quarters of 2017
compared with the same periods in 2016, and provides further
evidence of Syniverse's operational turnaround. Moody's has also
upgraded Syniverse's probability of default rating (PDR) to B3-PD
from Caa1-PD. The upgrade also contemplates Syniverse's planned
refinancing of the secured component of its capital structure. The
company's proposed debt package is comprised of a $1.552 billion
new five-year term loan and an up-to-$120 million five-year
revolving credit facility. The proceeds of the debt raise will be
used to repay the company's outstanding bank loans.

In connection with the refinancing transaction, Moody's has
assigned a B2 (LGD3) to the company's proposed first lien secured
instruments. Additionally, Moody's has upgraded the company's
unsecured notes, including the $370 million of notes due 2022
issued by Syniverse Foreign Holdings Corporation, as well as the
remaining $42 million of notes due 2019 at Syniverse to Caa2 (LGD6)
from Caa3 (LGD6). Moody's will withdraw the company's B3 (LGD3)
rating previously assigned to its existing first lien term loans
and revolver upon repayment. The ratings are contingent upon
Moody's review of final documentation and no material change in the
terms and conditions of the debt as presented to Moody's.
Syniverse's stable outlook is unchanged.

A successful refinancing and maturity extension of Syniverse's term
loans materially reduces the company's near-term default risk and
improves its overall credit and debt maturity profile. The planned
transaction is aided by meaningful improvement in the company's
fundamental operating performance, including solid revenue growth
in the second half of 2017 which is expected to continue into 2018.
Syniverse's revenue mix is beginning to increasingly shift to new
growth products as legacy businesses decline at more stable rates.
Margin contributions from these new businesses are expected to
expand over time. Growth in the company's LTE portfolio as well as
the Enterprise & Intelligence Services (EIS) segment are now
outpacing the revenue and volume pressures from legacy CDMA and GSM
clearing and settling segments. Increased adoption of the company's
application-to-person and mobile engagement products are driving
growth rates in EIS businesses to over 20% currently. However, the
ability of these higher growing segments to continue expanding
revenue and further increasing margins is uncertain, and any
weakness or reversal of current positive operating trends could
quickly arrest Syniverse's deleveraging trajectory. Such a
negatively trending credit path in the next few quarters, absent
the success of this currently planned refinancing, could create a
much more difficult, if not insurmountable, refinancing hurdle in
April 2019 based on the existing and burdensome maturity wall of
about $1.55 billion of senior secured debt. Failure to address the
April 2019 maturities by the end of the first half of 2018 would
have negative rating implications.

Upgrades:

Issuer: Syniverse Foreign Holdings Corporation

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

Issuer: Syniverse Holdings, Inc.

-- Probability of Default Rating, Upgraded to B3-PD from Caa1-PD

-- Corporate Family Rating, Upgraded to B3 from Caa1

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

Assignments:

Issuer: Syniverse Holdings, Inc.

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

Outlook Actions:

Issuer: Syniverse Foreign Holdings Corporation

-- Outlook, Remains Stable

Issuer: Syniverse Holdings, Inc.

-- Outlook, Remains Stable

RATINGS RATIONALE

Syniverse's B3 CFR reflects its very high leverage, execution risk
in growth segments as transitioning technology standards stress
core business model, and low free cash flow generation relative to
a sizable debt load. Moody's also believes the company faces a
concentrated customer base, which limits pricing leverage at
contract renewals, and rising competitive threats. Balancing these
risk factors are the scale of Syniverse's established business
serving a large and growing addressable market of mobile network
operators and enterprises globally, and the company's consistent
free cash flow generation which provides good liquidity.
Syniverse's secure interworking packet exchange network, which
directly connects to about half of the global mobile population, is
key to growth in new products and services. The competitive
benefits of this network have helped drive 2017 revenue and EBITDA
growth compared with the same periods the previous year, following
many difficult quarters of declines.

The company's stable outlook reflects the expectation that the
erosion of Syniverse's top line has stalled and that the current
revenue growth trajectory will continue. Moody's expects Syniverse
will continue to grow EBITDA and free cash flow, resulting in
consistent deleveraging. Moody's believes Syniverse's leverage
should trend towards 6x (Moody's adjusted) by year end 2019.
Leverage as of December 31, 2017 was around 7.4x.

Moody's expects Syniverse to have good liquidity over the next 12
months. At December 31, 2017, the company had approximately $127
million in cash or equivalents and free cash flow generation is
expected to increase steadily to approximately $120 million by
2019. The company has an existing undrawn revolver of $86 million
that matures on January 15, 2019 which is expected to be extended
and potentially increased to a maximum of $120 million. The credit
facilities will have a springing maximum senior secured leverage
covenant which Moody's believe will be set with ample cushion.
Syniverse has limited sources of alternative liquidity as the
company's assets will be encumbered by the credit facilities.

The ratings on the debt instruments reflect both the overall
probability of default of Syniverse, to which Moody's assign a PDR
of B3-PD and individual loss given default (LGD) assessments. The
first lien credit facilities are rated B2 (LGD3). The credit
facility is rated one notch higher than the CFR given the support
from the existing unsecured debt, which is rated Caa2 (LGD6).

Moody's could consider a ratings upgrade if the company is able to
reduce leverage below 5x (Moody's adjusted) or generate free cash
flow to debt in excess of 10% on a sustained basis. The ratings
could be downgraded if liquidity deteriorates, or if leverage is
not on track to fall towards 6x by the end of 2019.

The principal methodology used in this rating was Business and
Consumer Service Industry published in October 2016.

Headquartered in Tampa, Florida, Syniverse Holdings, Inc. is a
leading provider of interoperability and network services for
wireless telecommunication carriers. The company had revenue of
$793 million for the year ended December 31, 2017.


SYNIVERSE HOLDINGS: S&P Alters Outlook to Stable & Affirms 'B' CCR
------------------------------------------------------------------
S&P Global Ratings revised the outlook on Tampa, Fla.-based
Syniverse Holdings Inc. to stable from negative. At the same time,
S&P affirmed the 'B' corporate credit rating.

S&P said, "We also assigned our 'B' issue-level and '4' recovery
rating to the company's new $1.552 billion first-lien term loan B
due 2023 and $120 million senior secured revolving credit facility
due 2023. The '4' recovery rating indicates our expectation for
average (30%-50%; rounded estimate: 40%) recovery of principal and
interest in the event of payment default."

The 'B' issue-level and '4' recovery rating on the senior unsecured
notes issued by Syniverse Holdings Inc. wholly owned subsidiary
Syniverse Foreign Holdings Corp. are unchanged. The '4' recovery
rating indicates S&P's expectation for average (30%-50%; rounded
estimate: 45%) recovery of principal and interest in the event of
payment default.

In addition, the 'CCC+' issue-level and '6' recovery rating on the
senior unsecured notes issued by Syniverse Holdings Inc. are
unchanged. The '6' recovery rating indicates S&P's expectation for
negligible (0%-10%; rounded estimate: 0%) recovery of principal and
interest in the event of payment default.

Syniverse will use proceeds from the first-lien term loan to repay
the company's existing term loan debt and pay transaction fees and
related costs.

The outlook revision reflects Syniverse's improved operating and
financial performance as a result of stabilizing trends in its
mobile transaction services (MTS) segment and sustained growth in
its Enterprise & Intelligence Solutions (EIS) segment. Improvement
in the company's MTS segment is primarily due to volume growth in
fourth generation LTE-based mobile transactions, which is largely
offsetting continued, albeit moderating, volume declines in CDMA
messaging and roaming. Additionally, Syniverse's EIS segment is
benefiting from volume growth in application-to-person messaging
(A2P) driven by enterprise demand for low latency and efficient
mobile connectivity.

S&P said, "The stable outlook reflects our expectation for
low-single-digit revenue and EBITDA growth as volume declines in
CDMA messaging and roaming and other legacy mobile transaction
services are offset by volume increases in LTE services,
enterprise-related mobile solutions, and other growth segments,
such that adjusted leverage will decline to the mid-6x area over
the next 12 months from about 7x in 2017. The stable outlook also
assumes that Syniverse will successfully complete its proposed
refinancing.

"We could lower the ratings if Syniverse's operating performance is
materially weaker than we expect because of lower-than-anticipated
volume growth in its LTE-based mobile transaction business or in
its EIS segment. We could also consider lowering the rating if
Syniverse adopted a more aggressive financial policy, incurring
debt to fund shareholder distributions, such that adjusted debt
leverage increased to above 7x on a sustained basis.

"Although unlikely in the near term, we could raise the ratings in
the longer-term if the company follows through on its commitment to
apply excess FOCF to debt repayment, such that adjusted debt
leverage was sustained below 5x. However, even under that scenario,
an upgrade would be contingent on Syniverse's owners maintaining a
financial policy that allows for leverage to be sustained
comfortably below 5x."


TADD WHOLESALE: Court Approves Interim Use of Cash Collateral
-------------------------------------------------------------
Judge Marian F. Harrison of the U.S. Bankruptcy Court for the
Middle District of Tennessee authorized TADD Wholesale Supply, LLC,
to use its cash collateral for the purpose of meeting its ongoing
operating expenses pursuant to the budget.

The Court has scheduled a further hearing at 9:00 a.m. on Jan. 30,
2018.

Under the order, the Debtor is expected to continue to make its
inventory immediately available for inspection by Amazon and to
continue to provide upon request an accounting of all inventory
currently in Tadd's possession as of Jan. 16, 2018.

Upon the request of Amazon, the Debtor is expected to:

   (a) make its management personnel available, within reasonable
notice, to answer questions raised by Amazon about the ongoing day
to day operations of the business; and

   (b) produce true and correct copies of any other documents
related to the administration of Tadd's business related to the
Amazon inventory to Amazon within 7 days of Amazon's request.

Debtor will also give Gary M. Murphey of Resurgence Financial
Services, LLC, whose application as Chief Restructuring Officer is
pending, signatory authority on all bank accounts and shall
cooperate with any and all reasonable requests of Gary Murphey
during the interim cash collateral period

                    About TADD Wholesale Supply

TADD Wholesale Supply LLC --
http://stores.ebay.com/Tadd-Wholesale-Supply-- offers a variety of
products on eBay by allowing its customers to determine the price
by using the auction format.  The company has completed more than 1
million individual eBay listings in its career.  TADD Wholesale
lists more than 500 auctions seven days a week, 365 days a year.
The company's gross revenue amounted to $12.76 million in 2016 and
$11.75 million in 2015.

TADD Wholesale Supply sought Chapter 11 protection (Bankr. M.D.
Tenn. Case No. 17-07799) on Nov. 15, 2017.  Amber DeShon, its chief
manager, signed the petition.  At the time of filing, the Debtor
disclosed $2.77 million in total assets and $2.67 million in total
liabilities.  

The case is assigned to Judge Marian F Harrison.  

Steven L. Lefkovitz, Esq., at Lefkovitz & Lefkovitz, is the
Debtor's counsel.  Gary M. Murphey of Resurgence Financial
Services, LLC, is the chief restructuring officer.


UNIVERSAL LAND: $2.2M Sale of Edgar Property to Pinnacle Approved
-----------------------------------------------------------------
Judge Jeffrey J. Graham of the U.S. Bankruptcy Court for the
Southern District of Indiana authorized Universal Land & Livestock,
LLC's sale of real property located in Edgar County, Illinois,
consisting of approximately 411.53 gross acres, to Pinnacle
Heartland Operating Co., LLCA for $2,182,000.

The Real Estate is to be sold "as-is" with no express or implied
warranty, and free and clear of all liens, claims, interests and
encumbrances.  Any interests will attach to the proceeds of the
Sale.

The 14-day stay imposed by Rule 6004(h) of the Federal Rules of
Bankruptcy Procedure is waived.

The Debtors are directed to file a report of sale within 15 days of
closing on the Real Estate.  They are also directed to hold the net
proceeds, if any, in escrow subject to further order of the Court.
Notwithstanding the forgoing, the Debtors will pay First Financial
Bank's claims up to the full amount of their claims at closing on
the Sale.

                      About Universal Land

Universal Land & Livestock, LLC, owns and operates a cattle-fishing
operation located in Vermillion County, Indiana.  The cattle
finishing business includes a cow/calf operation in house breeding,
and finishing cattle off to market weight fats.  The Company owns
3,800 acres of farm ground located in Vermillion County, Indiana;
Vigo County, Indiana; and Edgar County, Illinois.

Universal Land filed for Chapter 11 bankruptcy protection (Bankr.
S.D. Ind. Case No. 17-80750) on Nov. 9, 2017, estimating its assets
and debt at between $10 million and $50 million.  The petition was
signed by Peter Krieger, partner.

Judge Jeffrey J. Graham presides over the case.

John Joseph Allman, Esq., and David R. Krebs, Esq., at Hester Baker
Krebs LLC, serves as the Debtor's bankruptcy counsel.


VIKING CRUISES: Moody's Rates Proposed $675MM Sec. Notes Ba2
------------------------------------------------------------
Moody's Investors Service assigned a Ba2 rating to the proposed
$675 million senior secured note issuance of VOC Escrow Ltd (a
subsidiary of Viking Cruises Ltd). At the same time, Moody's
affirmed Viking's B1 Corporate Family Rating, B1-PD Probability of
Default Rating, and its existing B3 senior unsecured rating
(including a proposed $275 million add-on). The rating outlook is
stable. After the closing of the transaction, VOC Escrow Ltd will
merge into Viking Ocean Cruises Ltd.

The affirmation of Viking's ratings reflects Moody's view that
despite the half turn increase in leverage resulting from the
proposed transaction, visibility into 2018 indicates strong growth
in Viking's Ocean segment and earnings improvement in its River
segment, that will enable the company to reduce leverage to below
the Moody's adjusted leverage downgrade trigger of 5.75x in early
2019. Ocean segment growth will be driven in part by the addition
of a new ship delivered in September 2017 and one expected in both
2018 and 2019.

Proceeds of the $950 million debt issuance -- $675 million of
proposed secured note issuance and $275 million unsecured note
add-on -- will be used to refinance approximately $675 million of
secured ship debt, pay about $30 million of fees and expenses, and
the remaining $242 million will be used for general corporate
purposes.

Assignments:

Issuer: VOC Escrow Ltd.

-- Senior Secured Regular Bond/Debenture, Assigned Ba2(LGD2)

Outlook Actions:

Issuer: Viking Cruises Ltd

-- Outlook, Remains Stable

Issuer: VOC Escrow Ltd.

-- Outlook, Assigned No Outlook

Affirmations:

Issuer: Viking Cruises Ltd

-- Probability of Default Rating, Affirmed B1-PD

-- Corporate Family Rating, Affirmed B1

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

RATINGS RATIONALE

Viking's credit profile benefits from the company's well-recognized
brand name in a small market segment of the cruise industry --
river cruising -- and its early success at penetrating the ocean
cruising market. Viking estimates that it has nearly a 50% market
share of the North American sourced river cruise passengers. Viking
entered the ocean cruising segment of the industry with its first
ship in 2015 and has grown that segment which now accounts for
about a third of Viking's revenue and earnings. Viking's has good
liquidity, Moody's expect the company will maintain cash balances
in excess of $500 million. However, Moody's note that the level of
Viking's customer deposits is significantly higher than its level
of cash. Viking also benefits from its good forward booking
visibility and short lead time to build new river vessels which
allows Viking to adjust river cruise capacity to demand trends.

Viking is constrained by its limited diversification both in terms
of geography and customer base and the cyclicality, seasonality,
and capital intensity inherent in the cruise industry. With only
four ocean ships operating as of December 2017, the company's
leverage will also rise above typical levels when it takes delivery
of a new ship, and will remain elevated until the ship generates a
full year of earnings. Viking has a new ocean ship being delivered
in 2018 and 2019.

The stable outlook reflects Moody's view that improved results in
the river segment and continued growth in its ocean segment will
help the company improve leverage to around 5.5x in fiscal 2019.

Viking's ratings could be upgraded if the company's forward booking
curve continues to show the company is able to profitably absorb
new capacity in the ocean and river segments. An upgrade would also
require the company to show willingness and the ability to maintain
debt/EBITDA around 4.5x with EBITA/interest above 3.25x. A
downgrade could occur if the profitability deteriorated causing
leverage to remain above 5.75x and EBITA/interest expense were to
stay below 1.75x. Any deterioration in liquidity could also cause a
downgrade.

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

Viking Cruises Ltd operates a fleet of 56 river cruise vessels and
four ocean cruise vessels in 2017. Its river cruises operate in 31
countries largely in Continental Europe. About 90% of its ocean and
cruise customers are sourced from North America. TPG Capital and
Canada Pension Plan Investment Board own a minority interest (about
23% on a combined basis) in Viking Holdings Ltd, parent company of
Viking Cruises. Net cruise revenues are about $1.1 billion in 2017.


VIKING CRUISES: S&P Affirms 'B' CCR, Outlook Remains Positive
-------------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on
Woodland Hills, Calif.-based Viking Cruises Ltd. The outlook
remains positive.

S&P said, "At the same time, we assigned our 'BB-' issue-level
rating and '1' recovery rating to Viking's proposed $675 million
senior secured notes due 2028, which will be issued by subsidiary
Viking Ocean Cruises Ltd. The '1' recovery rating indicates our
expectation for very high (90%-100%; rounded estimate: 95%) for
lenders in the event of a payment default.

"We also affirmed our 'B' issue-level rating on the company's $825
million unsecured notes due 2027 (including the proposed $275
million add-on). The recovery rating remains '4', reflecting our
estimate for average (30%-50%; rounded estimate: 30%) recovery for
lenders in a payment default."

Viking plans to use the proceeds from the proposed secured notes to
refinance the existing debt on its Viking Star and Viking Sky
ships, repurchase the Viking Sea, and discharge the related
sale-leaseback agreement. It plans to use the proceeds from the
proposed unsecured notes add-on to add additional cash to the
balance sheet and pay transaction fees and expenses.

The 'B' corporate credit rating affirmation and positive outlook
reflect our continued expectation that strength in forward booking
trends at Viking will translate into solid (about 30%) EBITDA
growth in 2018 and an improvement in adjusted leverage to
approximately 6x by the end of 2018 from the high-7x area at the
end of 2017. S&P adjusts leverage for operating leases, charter
commitments, and preferred shares issued at Viking's parent. S&P's
also net cash over $300 million because it believes this is
unavailable for debt repayment.

S&P said, "The positive outlook reflects our expectation that
strong EBITDA growth in 2018 will more than offset incremental debt
issuance for ship deliveries, resulting in meaningful improvement
in leverage to about 6x by the end of 2018 from the high-7x area at
the end of 2017. We also expect adjusted EBITDA coverage of
interest to improve to the high-2x area by the end of 2018.

"We could raise the rating once we are confident that Viking is
able to sustain adjusted debt to EBITDA below 6x. We would also
need to be confident that the company is able to sustain its
current strength in forward bookings, that its river segment has
recovered, and that the company has a deep enough customer base to
absorb additional ocean ship capacity.

"We could revise the outlook to stable if we no longer believed
Viking will be able to improve leverage below 6x, most likely as a
result of slower-than-expected EBITDA growth or volatility in
operating performance caused by an economic downturn or an adverse
event. While less likely given our forecasted improvement in credit
measures in 2018, we could lower the corporate credit rating if we
believe the company will sustain adjusted leverage above 7.5x, if
EBITDA coverage of interest is maintained below 2x, or if Viking's
liquidity position became impaired."


WESTERN STATES: May Enter Into Premium Finance Pact With IPFS
-------------------------------------------------------------
The Hon. Cathleen D. Parker of the U.S. Bankruptcy Court for the
District of Wyoming has granted Western States, Inc., permission to
enter into a Premium Finance Agreement with IPFS Corporation.

As reported by the Troubled Company Reporter on Jan. 11, 2018, the
Debtor proposed to grant IPFS a first priority lien and security
interest in all unearned or return premiums and dividends which may
become payable under the policies identified in the Agreement, and
a lien and security interest in loss payments which reduce the
unearned premiums subject only to any mortgagee or loss payee
interests, and further requests that any deficiency claim of IPFS
remaining in the event that IPFS must proceed against its
collateral be afforded administrative expense priority.

IPFS' lien and security interest in the premiums and dividends will
be senior to the rights of the Debtor's estate in this or any
subsequent proceeding under the U.S. Bankruptcy Code and to the
rights of any person claiming a lien or security interest in any
assets of the Debtor.

A copy of the court order is available at:

           http://bankrupt.com/misc/wyb17-20041-345.pdf

                     About Western States

Western States, Inc., operates the Ramada Plaza Casper Motel &
Conference Center located in Casper, Wyoming.  Its shareholders are
Satwant Singh Sran and Daljeet Mann who own 70% and 30% of the
shares, respectively.

Western States filed a Chapter 11 petition (Bankr. D. Wyo. Case No.
17-20041) on Jan. 25, 2017.  In the petition signed by Daljeet S.
Mann, general manager and shareholder, the Debtor estimated $1
million to $10 million in both assets and liabilities.

Judge Cathleen D. Parker presides over the case.  

The Debtor is represented by Paul Hunter, Esq., in Cheyenne,
Wyoming.

The U.S. Trustee has not appointed a trustee, an examiner or an
unsecured creditors' committee in the case.


WESTMORELAND COAL: BlackRock Has 6.4% Stake as of Dec. 31
---------------------------------------------------------
In a Schedule 13G/A filed with the Securities and Exchange
Commission, BlackRock, Inc. disclosed that as of Dec. 31, 2017, it
beneficially owns 1,205,395 shares of common stock of Westmoreland
Coal Company, which represents 6.4 percent of the shares
outstanding.  A full-text copy of the regulatory filing is
available for free at https://is.gd/U4GUxz

                About Westmoreland Coal Company

Based in Englewood, Colorado, Westmoreland Coal Company --
http://www.westmoreland.com/-- is an independent coal company in
the United States.  Westmoreland's coal operations include surface
coal mines in the United States and Canada, underground coal mines
in Ohio and New Mexico, a char production facility, and a 50%
interest in an activated carbon plant.  Westmoreland also owns the
general partner of and a majority interest in Westmoreland Resource
Partners, LP, a publicly-traded coal master limited partnership
(NYSE:WMLP).

Westmoreland Coal reported a net loss of $28.87 million in 2016, a
net loss of $219.1 million in 2015 and a net loss of $176.7 million
in 2014.  As of Sept. 30, 2017, Westmoreland Coal had $1.43 billion
in total assets, $2.20 billion in total liabilities and a total
deficit of $774.1 million.

                         *     *     *

As reported by the TCR on March 2, 2016, Moody's Investors Service
downgraded the ratings of Westmoreland, including its corporate
family rating to 'Caa1' from 'B3'.  The downgrade reflects Moody's
expectation that the company's leverage metrics and cash flow
generation will continue to be under stress due to the headwinds
facing the coal industry.

In November 2017, S&P Global Ratings lowered its corporate credit
rating on Westmoreland Coal Co. to 'CCC' from 'CCC+'.  The
downgrade reflects that Westmoreland could default in the next year
without an unforeseen positive development.  As of Sept. 30, 2017,
the company had approximately $1.6 billion of adjusted consolidated
debt outstanding (including asset retirement and pension
obligations).


[*] Carl Marks' Steven Agran Appointed NJTMA Chapter President
--------------------------------------------------------------
Carl Marks Advisors, a corporate restructuring and investment
banking firm, on Jan. 23 disclosed that Managing Director Steven F.
Agran has been appointed 2018 NJTMA Chapter President, effective
January 11, 2018.  Mr. Agran will also serve as a member of the
Chapter President's Council (CPC), the principal liaison between
the chapters and TMA Global.

"I am honored to be selected as the President of NJTMA.  I have
been a member of NJTMA for 15 years, and the TMA has been an
important part of my professional career," said Mr. Agran.  "I am
excited about building on the past success of the chapter and
continuing to lead in the outstanding tradition of the past
presidents," added Mr. Agran.  "I wish to thank Janey Mitnick, the
current Chairman of NJTMA, and Allen Wilen, immediate past Chairman
of NJTMA, for all of their encouragement and support."

Mr. Agran brings over 20 years of experience providing turnaround
and interim management services to financially distressed
companies.  This includes financial and operational advisory
services to company ownership, boards of directors, private equity
groups, lenders and investors focusing on workouts, loan
restructurings, strategic planning, bankruptcy, and mergers and
acquisitions.  Mr. Agran serves in responsible roles for various
mid-sized companies, including as Chief Restructuring Officer,
Chief Executive Officer, Chief Operating Officer, Chief Financial
Officer, and Advisor.

"I look forward to expanding the NJTMA Chapter's membership by
focusing on inclusion of lenders, investors and industry executives
who could benefit by understanding the challenges faced during a
distressed situation, and by helping them understand warning signs
to minimize and prepare for business challenges," commented Mr.
Agran.

Mr. Agran is a TMA Certified Turnaround Professional (CTP) and a
Certified Insolvency and Restructuring Advisor (CIRA).  He
currently serves on the Board of Directors of the NJTMA, the Board
of Directors of Global TMA, and formerly was a co-chair of the TMA
Mid-Atlantic Symposium and a Treasurer of the NJTMA
(2014-20162017).

                    About Carl Marks Advisors

Carl Marks Advisory Group LLC (Carl Marks Advisors), a New
York-based corporate restructuring and investment banking firm
serving middle market companies, provides an array of investment
banking and operational services, including mergers and
acquisitions advice, sourcing of capital, financial restructuring
plans, strategic business assessments, improvement plans and
interim management.

The award-winning firm received the 2017 Turnaround Atlas Award for
Corporate Turnaround of the Year, Special Situation M&A Deal of the
Year and Energy Restructuring of the Year; 2017 M&A Advisor
Turnaround Award for SEC. 363 Sale of the Year and Energy Deal of
the Year; 2017 Project Finance International Award for the Latin
American Power Deal of the Year; 2016 Turnaround Atlas Awards'
Middle Market Restructuring Investment Banker of the Year, Middle
Market Out-of-Court Restructuring of the Year and Middle Market
Cross Border M&A Deal of the Year; Global M&A Network 2017, 2016 &
2014 annual listing of the Top 100 Restructuring and Turnaround
Professionals; 2015 ACG New York Champion's Award for Deal of the
Year in Manufacturing; and was included in Turnarounds & Workouts
2015 Outstanding Turnaround Firms and 2014 Outstanding Investment
Banking Firms.

Securities are offered through Carl Marks Securities LLC, member
FINRA and SIPC.  Additional information about Carl Marks Advisory
Group LLC and Carl Marks Securities LLC is available at
http://www.carlmarksadvisors.com


[*] Lillian Stenfeldt Joins Rimon Law as Partner
------------------------------------------------
Continuing to grow its team of top bankruptcy and restructuring
attorneys, Rimon Law welcomes Lillian Stenfeldt as a partner in the
firm's San Francisco and Silicon Valley offices.

Ms. Stenfeldt joins Rimon from Sedgwick, where she served as chair
of the bankruptcy practice.  She had also served on the firm's
management committee 2008-2011.

She has been recognized by ranking agencies such as Best Lawyers
and Super Lawyers as a top bankruptcy attorney.

In addition to her role as a top bankruptcy attorney, Ms. Stenfeldt
has been a leader in the advancement of professional women in law
and business, including serving as a longtime chair of Sedgwick's
Women Forum.  Her work led The Recorder to name Ms. Stenfeldt as a
one of its "Women Leaders in the Law".

Ms. Stenfeldt represents secured creditors, hedge funds, creditors'
committees, trustees and receivers in all areas of insolvency and
bankruptcy proceedings and strategy.  Her work includes assisting
companies in purchasing intellectual property from bankruptcy
estates and efficiently structuring business transactions and
licenses to prevent losses and protect assets due to potential
future insolvencies of others.

At Rimon, Ms. Stenfeldt is joining an eight-partner bankruptcy and
restructuring group that has been brought in to handle numerous
complex cases for clients, and one that has achieved significant
recoveries for unsecured creditors.

"Lillian is a great addition to our bankruptcy practice, which has
been growing in San Francisco with our recent additions of partners
Paul Jasper, Phil Wang and Pamela Egan.  Clients know her for her
very successful representations in the most challenging
environments, as she is brought in when companies, creditors and
trustees are facing very difficult and highly contentious
proceedings," said Michael Moradzadeh, CEO of Rimon Law.

"Lillian has also led the way in promoting women into leadership
roles in law.  She has repeatedly been recognized for her great
work in changing the legal community for the better.  We are very
happy to have Lillian on board," said Mr. Moradzadeh.

Ms. Stenfeldt has regularly handled international commercial loan
workouts, non-bankruptcy workouts and other out-of-court
restructuring of debt.  In addition, she structures settlement
agreements with financially troubled companies to optimize clients'
recovery of monies due.

Ms. Stenfeldt acts as an outside general counsel to several
technology and manufacturing organizations, where she provides
strategic advice to the board of directors.  She also serves as
counsel to insurers and reinsurers in major bankruptcy cases
involving potential asbestos and other mass tort liability around
the country.

"Rimon has developed a very strong practice that provides top-shelf
service for clients in handling all matters of complex law. The
firm's team of very experienced attorneys have seen and done it
all, and will provide a significant benefit in helping my clients
receive efficient and effective help," said  
Ms. Stenfeldt.

Ms. Stenfeldt received her J.D. from the University of Detroit
Mercy School of Law, her M.A. in Organizational Behavior from
Stanford University and her B.A. from Stanford University.

Rimon has offices across three continents.  The firm is widely
known as being at the vanguard of legal innovation.  The firm has
been repeatedly recognized by the Financial Times as one of North
America's most innovative law firms.  The firm's managing partners
were both named "Legal Rebels" by the American Bar Association's
ABA Journal and have spoken on innovations in the practice of law
at Harvard and Stanford Law Schools.  Rimon and its lawyers have
also received numerous awards for excellence, including from Best
Lawyers and Chambers.


[^] BOND PRICING: For the Week from January 22 to 26, 2018
----------------------------------------------------------
  Company                    Ticker  Coupon Bid Price   Maturity
  -------                    ------  ------ ---------   --------
Alpha Appalachia
  Holdings Inc               ANR       3.25     2.048   8/1/2015
American Eagle Energy Corp   AMZG        11      1.25   9/1/2019
Amyris Inc                   AMRS       9.5    64.926  4/15/2019
Amyris Inc                   AMRS       6.5    63.088  5/15/2019
Appvion Inc                  APPPAP       9     37.53   6/1/2020
Appvion Inc                  APPPAP       9      14.5   6/1/2020
Armstrong Energy Inc         ARMS     11.75     14.75 12/15/2019
Armstrong Energy Inc         ARMS     11.75      20.5 12/15/2019
Avaya Inc                    AVYA      10.5      6.25   3/1/2021
Avaya Inc                    AVYA      10.5         7   3/1/2021
BPZ Resources Inc            BPZR       6.5     3.017   3/1/2015
BPZ Resources Inc            BPZR       6.5     3.017   3/1/2049
Bon-Ton Department
  Stores Inc/The             BONT         8    26.808  6/15/2021
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp     BBEP     8.625      2.25 10/15/2020
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp     BBEP     7.875      0.12  4/15/2022
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp     BBEP     8.625     1.967 10/15/2020
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp     BBEP     8.625     1.967 10/15/2020
Cenveo Corp                  CVO        8.5      16.5  9/15/2022
Cenveo Corp                  CVO        8.5     20.25  9/15/2022
Chassix Holdings Inc         CHASSX      10         8 12/15/2018
Chassix Holdings Inc         CHASSX      10         8 12/15/2018
Chukchansi Economic
  Development Authority      CHUKCH    9.75     59.75  5/30/2020
Claire's Stores Inc          CLE          9    69.651  3/15/2019
Claire's Stores Inc          CLE      8.875    26.327  3/15/2019
Claire's Stores Inc          CLE       7.75     11.75   6/1/2020
Claire's Stores Inc          CLE          9    68.993  3/15/2019
Claire's Stores Inc          CLE          9    66.118  3/15/2019
Claire's Stores Inc          CLE       7.75     11.75   6/1/2020
Cobalt International
  Energy Inc                 CIEI     2.625     34.25  12/1/2019
Cott Beverages Inc           BCBCN    5.375   104.024   7/1/2022
Cumulus Media Holdings Inc   CMLS      7.75    19.752   5/1/2019
DS Services of America Inc   DSWATE      10   104.366   9/1/2021
EV Energy Partners LP /
  EV Energy Finance Corp     EVEP         8    52.311  4/15/2019
EXCO Resources Inc           XCOO       8.5     7.783  4/15/2022
Egalet Corp                  EGLT       5.5     46.25   4/1/2020
Emergent Capital Inc         EMGC       8.5     57.92  2/15/2019
Energy Conversion
  Devices Inc                ENER         3     7.875  6/15/2013
Energy Future
  Holdings Corp              TXU       6.55     14.75 11/15/2034
Energy Future
  Holdings Corp              TXU        6.5        15 11/15/2024
Energy Future
  Holdings Corp              TXU       9.75     29.25 10/15/2019
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc           TXU      11.25        38  12/1/2018
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc           TXU       9.75     37.75 10/15/2019
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc           TXU      11.25      38.5  12/1/2018
FGI Operating Co LLC /
  FGI Finance Inc            GUN      7.875     21.93   5/1/2020
Federal Home Loan Banks      FHLB         2        97 11/10/2026
Fleetwood Enterprises Inc    FLTW        14     3.557 12/15/2011
GenOn Energy Inc             GENONE     9.5     79.75 10/15/2018
GenOn Energy Inc             GENONE     9.5        79 10/15/2018
GenOn Energy Inc             GENONE     9.5     79.75 10/15/2018
Gibson Brands Inc            GIBSON   8.875     83.98   8/1/2018
Gibson Brands Inc            GIBSON   8.875        84   8/1/2018
Gibson Brands Inc            GIBSON   8.875    83.967   8/1/2018
Global Brokerage Inc         GLBR      2.25      46.5  6/15/2018
Homer City Generation LP     HOMCTY   8.137     38.75  10/1/2019
Iconix Brand Group Inc       ICON       1.5     75.25  3/15/2018
Illinois Power
  Generating Co              DYN          7    33.375  4/15/2018
Illinois Power
  Generating Co              DYN        6.3    33.375   4/1/2020
Interactive Network Inc /
  FriendFinder Networks Inc  FFNT        14    71.679 12/20/2018
IronGate Energy
  Services LLC               IRONGT      11    36.875   7/1/2018
IronGate Energy
  Services LLC               IRONGT      11    36.875   7/1/2018
IronGate Energy
  Services LLC               IRONGT      11    36.875   7/1/2018
IronGate Energy
  Services LLC               IRONGT      11    36.875   7/1/2018
Lansing Trade Group LLC /
  Lansing Finance Co Inc     LANTRA    9.25    97.654  2/15/2019
Lansing Trade Group LLC /
  Lansing Finance Co Inc     LANTRA    9.25    97.654  2/15/2019
Las Vegas Monorail Co        LASVMC     5.5     4.037  7/15/2019
Lehman Brothers
  Holdings Inc               LEH        1.6     3.326  11/5/2011
Lehman Brothers
  Holdings Inc               LEH      1.383     3.326  6/15/2009
Lehman Brothers
  Holdings Inc               LEH       2.07     3.326  6/15/2009
Lehman Brothers
  Holdings Inc               LEH        1.5     3.326  3/29/2013
Lehman Brothers
  Holdings Inc               LEH          4     3.326  4/30/2009
Lehman Brothers
  Holdings Inc               LEH          2     3.326   3/3/2009
Lehman Brothers
  Holdings Inc               LEH          5     3.326   2/7/2009
Lehman Brothers Inc          LEH        7.5     1.226   8/1/2026
Linc USA GP / Linc
  Energy Finance USA Inc     LNCAU    9.625         1 10/31/2017
MF Global Holdings Ltd       MF       3.375        30   8/1/2018
MModal Inc                   MODL     10.75     6.125  8/15/2020
Mashantucket Western
  Pequot Tribe               MASHTU    7.35     15.25   7/1/2026
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC           MPO      10.75      3.49  10/1/2020
NRG REMA LLC                 GENONE   9.681        60   7/2/2026
Nine West Holdings Inc       JNY       8.25     9.825  3/15/2019
Nine West Holdings Inc       JNY      6.125    14.365 11/15/2034
Nine West Holdings Inc       JNY      6.875    15.083  3/15/2019
Nine West Holdings Inc       JNY       8.25     10.52  3/15/2019
OMX Timber Finance
  Investments II LLC         OMX       5.54    10.125  1/29/2020
Orexigen Therapeutics Inc    OREX      2.75        34  12/1/2020
Orexigen Therapeutics Inc    OREX      2.75     40.06  12/1/2020
PaperWorks Industries Inc    PAPWRK     9.5    54.367  8/15/2019
PaperWorks Industries Inc    PAPWRK     9.5    54.662  8/15/2019
Powerwave Technologies Inc   PWAV     3.875     0.435  10/1/2027
Powerwave Technologies Inc   PWAV      2.75     0.435  7/15/2041
Powerwave Technologies Inc   PWAV     1.875     0.435 11/15/2024
Powerwave Technologies Inc   PWAV     3.875     0.435  10/1/2027
Powerwave Technologies Inc   PWAV     1.875     0.435 11/15/2024
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                 PRSPCT   10.25     48.25  10/1/2018
Real Alloy Holding Inc       RELYQ       10        72  1/15/2019
Real Alloy Holding Inc       RELYQ       10        63  1/15/2019
Renco Metals Inc             RENCO     11.5     26.75   7/1/2003
Rex Energy Corp              REXX     8.875    46.861  12/1/2020
Rex Energy Corp              REXX      6.25    32.343   8/1/2022
SAExploration Holdings Inc   SAEX        10    56.375  7/15/2019
SandRidge Energy Inc         SD         7.5     2.081  2/15/2023
Sears Holdings Corp          SHLD         8      48.1 12/15/2019
SiTV LLC / SiTV Finance Inc  NUVOTV  10.375        69   7/1/2019
SiTV LLC / SiTV Finance Inc  NUVOTV  10.375        68   7/1/2019
Talos Production LLC /
  Talos Production
  Finance Inc                TALPRO    9.75      84.5  2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc                TALPRO    9.75      84.5  2/15/2018
TerraVia Holdings Inc        TVIA         5     10.25  10/1/2019
Texas Competitive
  Electric Holdings Co
  LLC / TCEH Finance Inc     TXU       11.5     0.524  10/1/2020
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc           TXU       11.5     0.524  10/1/2020
Time Inc                     TIME       7.5   117.735 10/15/2025
Time Inc                     TIME       7.5   117.435 10/15/2025
Toys R Us - Delaware Inc     TOY       8.75        23   9/1/2021
Toys R Us Inc                TOY      7.375        30 10/15/2018
Transworld Systems Inc       TSIACQ     9.5    27.833  8/15/2021
Transworld Systems Inc       TSIACQ     9.5    27.215  8/15/2021
UCI International LLC        UCII     8.625      4.69  2/15/2019
Walter Energy Inc            WLTG       8.5     0.834  4/15/2021
Walter Energy Inc            WLTG     9.875     0.834 12/15/2020
Walter Energy Inc            WLTG     9.875     0.834 12/15/2020
Walter Energy Inc            WLTG     9.875     0.834 12/15/2020
Walter Investment
  Management Corp            WAC        4.5        12  11/1/2019
WaveDivision Escrow LLC /
  WaveDivision Escrow Corp   WAVHOL   8.125   101.853   9/1/2020
iHeartCommunications Inc     IHRT     6.875    51.982  6/15/2018


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2018.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

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