TCR_Public/180301.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, March 1, 2018, Vol. 22, No. 59

                            Headlines

264 LAGOON: Has Until April 27 to Exclusively File Plan
328 HOFFMAN LANE: Voluntary Chapter 11 Case Summary
6046 NISBET: April 10 Disclosure Statement Hearing Set
ACADIANA MANAGEMENT: Files Modified 4th Amended Chapter 11 Plan
ADVANCED SOLIDS: $5K Sale of Otis Water Coop Membership Account OKd

ADVANCED SOLIDS: Sale of Trailers and Trucks Approved
AGACI LLC: Seeks Court Approval to Employ OCPs
ALAMO TOWERS: Taps Cushman & Wakefield as Real Estate Broker
ALL AMERICAN: Taps Johnson Mattson as Accountant
ALLISON TRANSMISSION: Egan-Jones Hikes FC Unsecured Rating to BB

ANTERO MIDSTREAM: Moody's Alters Outlook to Pos. & Affirms Ba2 CFR
ANTERO RESOURCES: Moody's Revises Outlook to Pos. & Affirms Ba2 CFR
ANTHONY HORWITZ: Has Authority to Buy 2011 Suburban LTZ for $21K
APPVION INC: Lender, Committee Oppose Asset Sale Bid Procedures
ARDENT LEGACY: S&P Affirms 'B' Corp. Credit Rating, Outlook Stable

ARROWHEAD SELF: To Sell Property to Pay Creditors
ASSOCIATED THIRD: Prosecution of CAMOFI Claims Stayed
B52 MEDIA: Taps McNamee Hosea as Legal Counsel
BAILEY RIDGE: First Dakota Wins Bid to Dismiss J. Ruba Suit
BAKERCORP: S&P Lowers CCR to 'CCC+' on Increased Refinancing Risk

BEAULIEU GROUP: $1M Sale of Chatsworth Property to CW Property OK'd
BEAZER HOMES: Egan-Jones Lowers Sr. Unsec. Debt Ratings to B-
BERNARD SLOANE GLIEBERMAN: Digim is Property of Bankruptcy Estate
BLUE RIDGE: Taps Redmon Peyton as Legal Counsel
BOISE GUN: Case Summary & 20 Largest Unsecured Creditors

BON-TON STORES: District Court Stays Lakegirl's Lawsuit
CALIFORNIA RESOURCES: Swings to $266 Million Net Loss in 2017
CAREVIEW COMMUNICATIONS: Sells $2.05 Million Notes to Investors
CENVEO INC: Taps Kirkland & Ellis as Legal Counsel
CENVEO INC: Taps Prime Clerk as Administrative Advisor

CENVEO INC: Taps Rothschild Inc. as Financial Advisor
CENVEO INC: Taps Zolfo Cooper as Bankruptcy Consultant
CESAR QUINONES: Court Won't Review Dec. 29 IRS Ruling
CHARLES K. BRELAND: Ct. Rejects Trustee Bid to Approve Compromise
CHEMOURS COMPANY: Risk Steps Up With PFC litigation, Moody's Says

CHESTER MARINA: Taps Klein & Associates as Legal Counsel
CITGO HOLDING: Fitch Affirms CCC IDR; Off Ratings Watch Neg.
CLUB VILLAGE: April 3 Plan Confirmation Hearing Set
COLORADO NATIONAL: Taps Raymond Natter as Expert Witness
COMSTOCK RESOURCES: Posts $111.4 Million Net Loss for 2017

CORECIVIC INC: Fitch Affirms BB+ Long-Term IDR; Outlook Stable
CORNERSTONE ONDEMAND: Egan-Jones Cuts Commercial Paper Rating to D
DECATUR HOSPITAL: Fitch Hikes Rating on $93.7MM Rev. Bonds From BB+
DELEK US: S&P Assigns 'BB' Corp. Credit Rating, Outlook Stable
DEX SERVICES: Proposed March 21 Auction of Equipment Approved

DIOCESE OF NEW ULM: Has Until June 26 to Exclusively File Plan
ENERGY FUTURE: Court Okays Sempra Energy's Acquisition Agreement
ENERGY FUTURE: Two Amended Proposed Confirmation Orders Filed
ENSEQUENCE INC: Proposed April 12 Auction for All Assets Approved
ENUMERICAL BIOMEDICAL: March 21 Auction Sale of All Assets Set

EQUINIX INC: Fitch Rates EUR750MM Senior Notes 'BB'
EQUINIX INC: Moody's Affirms Ba3 CFR & Alters Outlook to Stable
EQUINIX INC: S&P Rates New EUR750MM Senior Unsecured Notes 'BB+'
EXAMWORKS GROUP: Moody's Affirms B2 CFR; Outlook Stable
EXCELETECH COATING: U.S. Trustee Unable to Appoint Committee

EXCO RESOURCES: BES Bid for Extension to File Rehearing Motion OK'd
FALLBROOK TECHNOLOGIES: Files Ch.11 to Facilitate Restructuring
FANNIE MAE & FREDDIE MAC: Owl Creek Files Suit in Ct. Fed. Claims
FCA US: F. Overton Lawsuit Remanded to New York Court
FILBIN LAND: Taps Business Debt Solutions as Loan Broker

FINJAN HOLDINGS: BCPI I Cuts Stake to 6.6%
FRONTIER INSURANCE: Plan Addressed FIGI Ownership of Parcels
FTS INTERNATIONAL: Moody's Hikes CFR to B2 & Keeps Outlook Positive
GABRIEL ENTERPRISES: Taps Jerome M. Douglas as Special Counsel
GRAL HOLDINGS: April 25 Plan Confirmation Hearing Set

GREENWAY LLC: U.S. Trustee Unable to Appoint Committee
HOLLYWOOD ONE: $140K Sale of Aberdeen Condo Unit 201 to Nickles OKd
HPCC MERGER: Moody's Assigns B2 CFR; Outlook Stable
INFINITE SERVICES: Taps Rountree & Leitman as Legal Counsel
INPIXON: Intracoastal Capital Reports 9.99% Stake as of Feb. 15

INTERNATIONAL PLACE: Taps Hirschler Fleischer as Legal Counsel
J+T LLC: U.S. Trustee Unable to Appoint Committee
JASON INCORPORATED: Moody's Assigns Caa1 Corporate Family Rating
KATY INDUSTRIES: Seeks Termination of Retiree Benefits
LAKESHORE FARMS: Case Summary & 20 Largest Unsecured Creditors

LEHMAN BROTHERS: Administrative Claim Deadline Set for April 2
LEXMARK INTERNATIONAL: Moody's Lowers CFR to B3; Outlook Negative
LINDA'S CHERRY: Taps Elfand Associates as Accountant
LSB INDUSTRIES: Swings to $59.4 Million Net Loss in 2017
MANIX HOLDINGS: April 11 Evidentiary Hearing on Plan, Disclosures

MARINE MAMMAL: U.S. Trustee Unable to Appoint Committee
MARYLAND HOME: Taps P.A. Snyder & Company as Accountant
MAXAR TECHNOLOGIES: S&P Alters Outlook to Neg. & Affirms 'BB' CCR
MELBOURNE BEACH: U.S. Trustee Unable to Appoint Committee
MICHAEL BRADFORD: New Lease Agreement for Las Vegas Property Okayed

MONCADA NJ SOLAR: Taps Giordano Halleran as Special Counsel
MP DIAGNOSTIC: U.S. Trustee Unable to Appoint Committee
NADER MOMENI: $2M Private Sale Chevy Chase Property Partly Approved
NEPHROS INC: Narrows Net Loss to $809,000 in 2017
NEW ENTERPRISE: S&P Raises CCR to 'B' on Improved Credit Measures

NORTHERN OIL: Expects 20 to 22 Net Well Additions in 2018
NUVISTA ENERGY: S&P Assigns 'B' CCR & Rates $150MM Unsec. Debt 'B+'
ONE HORIZON: CEO Provides Update on Acquisition Strategy
ORBITE TECHNOLOGIES: DIP Financing Maturity Date Extended
PARADISE AQUATICS: Voluntary Chapter 11 Case Summary

PATRIOT NATIONAL: Committee Objects to Financing Motion
PC USA RE: Case Summary & 5 Unsecured Creditors
PENELOPE LATHAM: $260K Sale of West Palm Beach Property Approved
PETROLEUM TOWERS: Taps Cushman & Wakefield as Real Estate Broker
PINKTOE TARANTULA: Wants to Obtain $410,000 Financing From Three14

PITTSFIELD DEV'T: Needs More Time to Solicit Acceptances of Plan
PRECIPIO INC: Faces $2.2M Lawsuit Over Alleged Breach of Contract
PULLARKAT OIL: Taps Stanley Fogel as Accountant
REAL INDUSTRY: Objects to Bid for Equity Committee Appointment
REES ASSOCIATES: Seeks Approval of 1st Amended Disclosure Statement

RESOLUTE FOREST: Egan-Jones Hikes FC Sr. Unsecured Rating to B-
REVSTONE INDUSTRIES: GFL, ZFCC Dispute Not Amenable to Mediation
SEADRILL LTD: Reaches Global Deal with Committee & Major Creditors
SHIRAZ HOLDINGS: April 3 Plan Confirmation Hearing Set
SS&C TECHNOLOGIES: Loan Upsize No Impact on Moody's Ba3 CFR

STREET BREADS: Taps T.A.R.A. Kopelman as Accountant
THINK TRADING: U.S. Trustee Unable to Appoint Committee
TK HOLDINGS: Hawaii's Claims Discharged by Confirmed Ch. 11 Plan
TOPS HOLDINGS: Taps Epiq as Claims and Noticing Agent
TTM TECHNOLOGIES: Fitch Corrects February 14 Rating Release

TULARE REGIONAL: U.S. Trustee Forms Two-Member Committee
UBL INTERACTIVE: Actively Seeking a Business Partner
UNIVERSAL LEARNING: S&P Cuts 2010 School Rev. Bonds Rating to 'BB+'
VANCE FAMILY: Taps Diller and Rice as Legal Counsel
VICTOR P. KEARNEY: Nunc Pro Tunc Employment for Law Firm Denied  

VILLA MARIE: Taps Carmody MacDonald as Legal Counsel
WASTEQUIP LLC: S&P Affirms 'B' CCR on HIG Deal, Outlook Stable
WESTINGHOUSE ELECTRIC: Plan Confirmation Hearing Set for March 27
WESTMORELAND COAL: Suspends Duty to File Reports Under Savings Plan
WISEWEAR CORPORATION: Case Summary & 20 Top Unsecured Creditors

WOODBRIDGE GROUP: Unitholders Committee Taps Venable as Counsel
WWLC INVESTMENT: S. Miraki Seeks Amendment of Plan Outline
[*] Lazard Names Richard Parsons as Lead Director in Board
[*] Rimon Adds S. L'Hernault as Partner in Finance Division
[^] Recent Small-Dollar & Individual Chapter 11 Filings


                            *********

264 LAGOON: Has Until April 27 to Exclusively File Plan
-------------------------------------------------------
The Hon. A. Jay Cristol of the U.S. Bankruptcy Court for the
Southern District of Florida has entered an agreed order extending
by 60 days to April 27, 2018, 264 Lagoon Dr Lido Beach NY LLC's
exclusive period to file a plan without prejudice to Debtor
requesting more time if necessary, and without prejudice to the
U.S. Trustee to file any motions it deems necessary in the
meantime.

As reported by the Troubled Company Reporter on Feb. 12, 2018, the
Debtor asked the Court for a 90-day extension of the exclusivity
periods within which to negotiate with creditors and file plan and
disclosure statement, and solicit acceptances, through May 27,
2018.

A copy of the court order is available at:

          http://bankrupt.com/misc/flsb17-23136-29.pdf

                 About 264 Lagoon Dr Lido Beach

Based in Miami Beach, Florida, 264 Lagoon Dr Lido Beach NY LLC
filed a Chapter 11 petition (Bankr. S.D. Fla. Case No. 17-23136) on
Oct. 30, 2017, estimating under $1 million both in assets and
liabilities.  Yonel Devico, MGR, signed the petition.  The Debtor
is represented by Joel M. Aresty, Esq., of Joel M. Aresty, PA, as
counsel.  An official committee of unsecured creditors has not yet
been appointed in the Chapter 11 case.


328 HOFFMAN LANE: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: 328 Hoffman Lane LLC
        328 Hoffman Lane
        Hauppauge, NY 11788

Business Description: 328 Hoffman Lane LLC lists its business as
                      Single Asset Real Estate (as defined in 11
                      U.S.C. Section 101(51B)).

Chapter 11 Petition Date: February 28, 2018

Case No.: 18-71322

Court: United States Bankruptcy Court
       Eastern District of New York (Central Islip)

Judge: Hon. Louis A. Scarcella

Debtor's Counsel: Gerard R Luckman, Esq.
                  FORCHELLI DEEGAN TERRANA LLP
                  333 Earle Ovington Blvd., Suite 1010
                  Uniondale, NY 11553
                  Tel: 516-248-1700
                  E-mail: GLuckman@Forchellilaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Joe Tuscano, managing member.

The Debtor failed to incorporate in the petition a list of its 20
largest unsecured creditors.

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

          http://bankrupt.com/misc/nyeb18-71322.pdf


6046 NISBET: April 10 Disclosure Statement Hearing Set
------------------------------------------------------
The hearing to consider the approval of the disclosure statement
explaining 6046 Nisbet, LLC's plan of reorganization will be held
at the United States Bankruptcy Court, 230 North First Avenue, 7th
Floor, Courtroom No. 701, Phoenix, Arizona, on April 10, 2018, at
11:00 a.m.

The last day for filing with the Court and serving in accordance
with Rule 3017(a), written objections to the disclosure statement,
is fixed at five business days prior to the hearing date set for
approval of the disclosure statement.

The Debtor owns a real property located at 6046 East Nisbet Road,
in Scottsdale, Arizona.  The subject real property is a single
family residence and has been used by the Debtor as a vacation real
property since its acquisition.  The real property sustained a
significant decline in its fair market value in 2009 and after and
from which its value has not recovered.  The debt secured by the
real property is approximately $600,000.  The Debtor believes the
property's fair market value is $440,000.  This is one factor,
which led to the Chapter 11 proceeding.

The second factor is the result of a local law, which greatly
limited for a period of time the Debtor's use of the property as a
vacation rental.  As a result of the restriction on rental use, the
Debtor could not make the monthly payments owed to the secured
creditors, falling into default.

Class 3 - Secured Claim of Mr. Cooper is impaired.  Upon the
effective date, the Debtor will pay $10,000 of the claim amount.
The balance will be re-amortized upon plan confirmation over 30
years and paid in equal monthly installments of principal and
interest calculated at 5% per annum and in the amount of $2,308,
plus escrow account items.  The unsecured portion of approximately
$40,000 will be treated as a Class 6 unsecured creditor.

Class 6 - General Unsecured Claim will be paid the sum of $1,500 on
a quarterly basis, pro rata, and continuing each quarter for a
total of 12 quarters, a total payment amount of $18,000.

If the Plan is not confirmed, and the Debtor's assets are instead
liquidated, it is anticipated Mr. Cooper would foreclose and
acquire the subject real property.  The Debtor has no other assets.
The junior secured creditor and unsecured creditors would receive
nothing in the form of a distribution.

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

           http://bankrupt.com/misc/azb17-04194-53.pdf

                       About 6046 Nisbet

6046 Nisbet, LLC, in April 2010, acquired title to the real
property located at 6046 East Nisbet Road, Scottzdale, Arizona from
prior owner Michael Mannino.  The subject real property is a single
family residence and has been used by the debtor as a vacation
rental property since its acquisition.

6046 Nisbet, LLC, filed a Chapter 11 Petition (Bankr. D. Ariz. Case
No. 17-04194) on April 19, 2017, and is represented by Richard
William Hundley, Esq., at THE KOZUB LAW GROUP.


ACADIANA MANAGEMENT: Files Modified 4th Amended Chapter 11 Plan
---------------------------------------------------------------
Acadiana Management Group, LLC, et al., filed an immaterially
modified Fourth Amended Chapter 11 Plan prior to the scheduled
February 27 confirmation hearing to address immaterial revisions
requested by the Court and other parties-in-interest.

A full-text copy of the Fourth Amended Disclosure Statement dated
Jan. 3, 2018, is available at:

          http://bankrupt.com/misc/lawb17-50799-630.pdf

A full-text copy of the immaterially modified Fourth Amended
Chapter 11 Plan dated Jan. 11, 2018, is available at:

          http://bankrupt.com/misc/lawb17-50799-650.pdf

A full-text copy of the immaterially modified Fourth Amended
Chapter 11 Plan dated Feb. 21, 2018, is available at:

          http://bankrupt.com/misc/lawb17-50799-753.pdf

                   About Acadiana Management

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

Judge Robert Summerhays presides over the cases.  

Gold, Weems, Bruser, Sues & Rundell, serves as the Debtors'
bankruptcy counsel.

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

Susan Goodman was appointed as patient care ombudsman.


ADVANCED SOLIDS: $5K Sale of Otis Water Coop Membership Account OKd
-------------------------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas authorized Advanced Solids Control, LLC's sale of
Otis Water Coop Membership Account 1731-119 to Jimmy Fuson for
$5,000 cash.

The sale of the Otis Water Coop Membership Account is "as is, where
is," and free and clear of all liens, claims and encumbrances.

The sale proceeds are to be paid to WTF Rentals, LLC as a partial
payment towards its secured claim.

                   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.  In the petition signed by W. Lynn
Frazier, managing member, 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 is special
counsel to the Debtor.


ADVANCED SOLIDS: Sale of Trailers and Trucks Approved
-----------------------------------------------------
Judge Ronald B. King of the U.S. Bankruptcy Court for the Western
District of Texas authorized Advanced Solids Control, LLC's sale of
the following assets: (i) three Cargo Trailers (4D6EB1425BCO28047,
4D6EB1426BCO28123 and 4D6EB1425B CO28615) located in Carlsbad, New
Mexico to Wesley Havens for $6,000 cash ($2,000 each); (ii) three
Cargo Trailers (rough condition) located in Carlsbad, New Mexico to
Desert Oilfield Service, LLC for $4,200 cash ($1,500 for two and
$1,200 for one); (iii) 11 remaining Auger Tanks which are in rough
condition for the best price the Debtor can negotiate (the Debtor
has been marketing these items and has no current offers pending);
(iv) two 525 Gallon Leg Tanks for the best price the Debtor can
negotiate (the Debtor has received no offers and does not believe
these have any significant value); (v) 10 Rig Mats (some in rough
condition) for the best price that the Debtor can negotiate (the
Debtor has received no offers on the rig mats to date); (vi)
miscellaneous hoses, wiring, machine parts, pumps and pieces,
including scrap iron, for the best price the Debtor can negotiate;
and  (vii) all remaining office furniture and/or equipment (rough
condition) for the best price the Debtor can negotiate.

The sale of the equipment described to Wesley Havens and Desert
Oilfield Service, LLC and any non-related third party is "as is,
where is," and free and clear of all liens, claims and
encumbrances.

The sale proceeds are to be paid to WTF Rentals, LLC as a partial
payment towards its secured claim.

                   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.  In the petition signed by W. Lynn
Frazier, managing member, 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 is special
counsel to the Debtor.


AGACI LLC: Seeks Court Approval to Employ OCPs
----------------------------------------------
A'GACI, LLC, has filed a motion seeking approval from the U.S.
Bankruptcy Court for the Western District of Texas to hire
professionals used in the ordinary course of business.

The request, if granted, would allow the Debtor to hire "ordinary
course professionals" without filing separate employment
applications.

The ordinary course professionals are:

     OCPs                   Services             Monthly Fee Cap
     ----                   --------             ---------------
     BDO USA, LLP           Auditor                      $25,000

     Cokinos Young          Legal                        $10,000

     DuCharme, McMillen     
       & Associates         Property Tax Services        $10,000

     eShipping              Shipping Auditor             $10,000

     Estrella LLC           Legal (Puerto Rico            $5,000
                              labor & employment)

     Jackson Lewis P.C.     Legal (Business litigation)   $5,000  

     KPMG LLP               Tax Preparer                 $25,000

     Law Firm of Ricki       
       S. Friedman PLLC     Legal (Real Estate)          $15,000

     Law Offices of         
       Jim Kahng            Legal (Immigration)           $5,000

     Perez & Malik PLLC     Legal (Immigration)           $5,000

     RSM Puerto Rico        Tax Services                 $10,000

     Williams & Williams    Legal (Business litigation)   $5,000

The Debtor also seeks approval to pay, without prior application to
the court, 100% of the fees and disbursements incurred following
submission to and approval by the Debtor of an appropriate invoice
setting forth the nature of the services rendered and expenses
actually incurred.

                       About A'GACI, L.L.C.

Founded in San Antonio, Texas, A'GACI, L.L.C. --
http://www.agacistore.com/-- is a fast-fashion retailer of women's
apparel and accessories. A'GACI attracts young, fashion-driven
consumers through its value-pricing and frequent introductions of
new and trendy merchandise.  It operates specialty apparel and
footwear stores under the A'GACI banner as well as a
direct-to-consumer business comprised of its e-commerce Web site
http://www.agacistore.com/Stores feature an assortment of tops,
dresses, bottoms, jewelry, and accessories sold primarily under the
Company's exclusive A'GACI label.  In addition, the Company sells
shoes under its sister brand labels of O'Shoes and Boutique Five.

A'GACI, L.L.C., filed a Chapter 11 petition (Bankr. W.D. Tex. Case
No. 18-50049) on Jan. 9, 2018.  In the petition signed by manager
David Won, the Debtor disclosed $82 million in total assets and $62
million in total liabilities as of Nov. 25, 2017.

The case is assigned to Judge Ronald B. King.

Haynes and Boone, LLP, serves as the Debtor's bankruptcy counsel;
Berkeley Research Group, LLC is the financial advisor; and SSG
Advisors, LLC, is the investment banker.  Kurtzman Carson
Consultants LLC, is the claims, noticing & balloting agent and
maintains the site http://www.kccllc.net/agaci  

No trustee, examiner or official committee of unsecured creditors
has been appointed in the case.


ALAMO TOWERS: Taps Cushman & Wakefield as Real Estate Broker
------------------------------------------------------------
Alamo Towers - Cotter, LLC seeks approval from the U.S. Bankruptcy
Court for the Western District of Texas to hire a real estate
broker.

The Debtor proposes to hire Cushman & Wakefield U.S., Inc. to sell
its properties in Texas commonly known as Alamo Towers.  The
properties include two nine-storey office buildings located at 901
and 909 N.E. Loop 410, San Antonio, Texas.

Cushman will get a commission of 1.5% of the total sales price of
the properties.  In addition, the firm will receive reimbursement
of up to $5,000 for its marketing expenses.

Todd Mills, executive managing director of Cushman, disclosed in a
court filing that he and his firm are "disinterested persons" as
defined in section 101(14) of the Bankruptcy Code.

Cushman can be reached through:

        Todd Mills
        Cushman & Wakefield, U.S., Inc.
        200 W. Cesar Chavez Street, Suite 250
        Austin, TX 78701
        Office: (512) 370 -2437
        Mobile: (210) 771-0570
        E-mail: Todd.Mills@cushwake.com

                   About Alamo Towers - Cotter

Alamo Towers - Cotter, LLC, owns an eight-story low-rise building
in San Antonio, Texas.  Located in the heart of the north central
office market, Alamo Towers is centrally accessible to all key
activities in the city.  The 198,452 sq. ft. facility features easy
access to San Antonio's major highways, panoramic views and ample
parking space.  

Alamo Towers - Cotter filed a Chapter 11 petition (Bankr. W.D. Tex.
Case No. 17-52599) on Nov. 6, 2017.  In the petition signed by
Marcus P. Rogers, as Ind. Adm. of the Est. of James F. Cotter,
Dec'd, the Debtor estimated assets and liabilities at $10 million
to $50 million each.

The case is assigned to Judge Craig A. Gargotta.

The Debtor is represented by Anthony H. Hervol, Esq., of the Law
Office of Anthony H. Hervol.  

No trustee or examiner has been appointed in the Debtor's Chapter
11 case.


ALL AMERICAN: Taps Johnson Mattson as Accountant
------------------------------------------------
All American Readers, Inc., seeks approval from the U.S. Bankruptcy
Court for the District of Minnesota to hire Johnson, Mattson, Smail
& Cavanaugh, PLLC as its accountant.

The firm will assist the Debtor in the preparation of financial
reports required by the Office of the U.S. Trustee; file corporate
tax returns; and provide other accounting services related to its
Chapter 11 case.

Daniel Cavanaugh, a certified public accountant employed with
Johnson, will charge an hourly fee of $250 for his services.  Work
performed by his staff will be billed at an hourly rate ranging
from $50 to $150.

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

The firm can be reached through:

         Daniel Cavanaugh
         Johnson, Mattson, Smail & Cavanaugh, PLLC
         5000 West 36th Street, Suite 240
         St. Louis Park, MN 55416
         Phone: 952-540-4340
         Fax: 952-540-4345
         E-mail: dan@jmscfuturity.com

                   About All American Readers

Based in Saint Louis Park, Minnesota, All American Readers, Inc.
filed a Chapter 11 petition (Bankr. D. Minn. Case No. 18-40308) on
Feb. 1, 2018, estimating under $1 million in both assets and
liabilities.  Judge Katherine A. Constantine presides over the
case.  The Debtor's counsel is Chad A. Kelsch, Esq. at Fuller,
Seaver, Swanson & Kelsch, P.A.


ALLISON TRANSMISSION: Egan-Jones Hikes FC Unsecured Rating to BB
----------------------------------------------------------------
Egan-Jones Ratings Company, on February 20, 2018, upgraded the
foreign currency senior unsecured rating on debt issued by Allison
Transmission Holdings, Inc. to BB from BB-.

Allison Transmission Holdings, Inc. was founded in 1915 and is
headquartered in Indianapolis, Indiana. The company was formerly
known as Clutch Holdings, Inc.



ANTERO MIDSTREAM: Moody's Alters Outlook to Pos. & Affirms Ba2 CFR
------------------------------------------------------------------
Moody's Investors Service changed Antero Midstream Partners LP's
(AMPLP) rating outlook to positive from stable and simultaneously
affirmed the partnership's Ba2 Corporate Family Rating (CFR),
Ba2-PD Probability of Default Rating (PDR), B1 senior unsecured
notes, and SGL-3 Speculative Grade Liquidity Rating.

The outlook revision was prompted by a fundamental improvement in
AMPLP's operating performance as well as by the change in Antero
Resources Corporation's (Antero, Ba2 positive) rating outlook,
which Moody's changed to positive from stable on February 27, 2018.
Antero is AMPLP's sole customer and AMPLP's midstream assets are
deeply integrated within Antero's upstream operations. Roughly 53%
of AMPLP's limited partnership units are owned by Antero.

Issuer: Antero Midstream Partners LP

Outlook:

-- Changed to Positive from Stable

Ratings Affirmed:

-- Corporate Family Rating, Affirmed Ba2

-- Probability of Default Rating, Affirmed Ba2-PD

-- Senior Unsecured Notes, Affirmed B1 (LGD5)

-- Speculative Grade Liquidity Rating, Affirmed SGL-3

RATINGS RATIONALE

AMPLP's positive outlook is consistent with Antero's positive
outlook. Greater scale and diversification will be the primary
driver for any potential upgrade. An upgrade would also depend on
Antero's CFR moving to a higher rating level. If Antero were
upgraded, Moody's could consider an upgrade for AMPLP if the
partnership can sustain annual EBITDA above $600 million while
maintaining a debt to EBITDA ratio below 3x and a distribution
coverage ratio (FFO -- Maintenance capex / Distributions) above
1.1x. The CFR could be downgraded if leverage approaches 4x, the
distribution coverage falls below 1x or Antero's CFR is
downgraded.

The Ba2 CFR reflects AMPLP's low financial leverage of 2.4x, strong
organic growth prospects, solid distribution coverage as well as
its strategic and operational importance to Antero Resources. AMPLP
has long term fee-based gathering, compression and water handling
contracts with Antero, and substantially all of Antero's current as
well as all future acreage in West Virginia, Pennsylvania and Ohio
has been dedicated to AMPLP. Antero is the most active E&P operator
in Appalachia where it expects to grow production at a 20% annual
rate over the next several years backed by strong natural gas hedge
positions. The rating is constrained by AMPLP's reliance on a
single customer, narrow geographic focus in Appalachia, exposure to
volatile drilling cycles, and significant future growth capital
requirements, including $800 million through 2022 for the newly
formed processing and fractionation J-V with MPLX, LP (Baa3
stable). Moody's believes Antero's senior management will continue
to influence AMPLP's future growth and strategy through their
significant ownership interest in AMPLP's general partner Antero
Midstream GP LP (unrated). Given its overriding reliance on Antero,
AMPLP is unlikely to be rated above Antero's rating without
significantly greater customer, geographic and business
diversification.

AMPLP should have adequate liquidity through early-2019, which is
reflected in the SGL-3 rating. The partnership will need to spend
heavily to keep pace with Antero's aggressive drilling plans and to
fund its fractionation and processing J-V program with MPLX,
significantly outspending its operating cash flow over the next
several years. Moody's expect the projected funding gap to be
financed with a balanced mix of debt and equity. AMPLP has a $1.5
billion revolving credit facility, which had $945 million available
as of December 31, 2017. The revolving credit agreement has three
financial covenants -- a minimum interest coverage ratio of 2.5x, a
maximum total leverage ratio of 5.25x and a senior secured leverage
ratio of 3.75x. The revolver expires in October 2022 and Moody's
expect AMPLP to remain well in compliance with the covenants
through early 2019. The partnership has limited alternate liquidity
given its assets are encumbered.

The $650 million 5.375% unsecured notes (due 2024) are rated B1,
two notches below AMPLP's Ba2 CFR because of the significant size
of its secured revolving credit facility. The $1.5 billion revolver
has an all-asset pledge and has a priority-claim to all of the
partnership's assets. For the difference between the CFR and the
notes' rating to be a single notch, the relative proportion of
secured and unsecured claims in AMPLP's capital structure would
need to be roughly balanced.

Antero Midstream Partners LP is a Denver, Colorado based publicly
traded MLP with gathering, compression, and water handling and
treatment assets in northwest West Virginia and southern Ohio.


ANTERO RESOURCES: Moody's Revises Outlook to Pos. & Affirms Ba2 CFR
-------------------------------------------------------------------
Moody's Investors Service changed Antero Resources Corporation's
rating outlook to positive from stable. At the same time, Moody's
affirmed Antero's Ba2 Corporate Family Rating (CFR), Ba2-PD
Probability of Default Rating (PDR), Ba3 senior unsecured notes,
and SGL2 Speculative Grade Liquidity rating.

"The outlook change reflects Moody's expectation that Antero's
sharpened focus on capital discipline and drilling efficiency will
lead to significant free cash flow generation by 2019," said Sajjad
Alam, Moody's Senior Analyst. "Although the company has a long
history of large negative free cash flow generation, the size of
outspending has declined since 2016, and the combination of higher
production volumes, lower drilling and completion expenditures and
healthier NGL price realizations should make it easier for the
company to manage its growth within operating cash flow."

Outlook Actions:

Issuer: Antero Resources Corporation

-- Outlook, Changed to Positive from Stable

Issuer: Antero Resources Finance Corporation

-- Outlook, Changed to Positive from Stable

Ratings Affirmed:

Issuer: Antero Resources Corporation

-- Corporate Family Rating, Affirmed Ba2

-- Probability of Default Rating, Affirmed Ba2-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-2

-- Senior Unsecured Notes, Affirmed Ba3 to (LGD4) from (LGD5)

Issuer: Antero Resources Finance Corporation

-- Senior Unsecured Notes, Affirmed Ba3 to (LGD4) from (LGD5)

RATINGS RATIONALE

The positive rating outlook reflects Antero's declining leverage
and negative free cash flow. An upgrade would be contingent on
Antero's ability to produce free cash flow on a consistent basis
and further reduce leverage. In addition, if the company can
sustain a retained cash flow to debt ratio above 30%, an upgrade
could be considered. A downgrade is likely if Antero is unable to
sustain the ratio of retained cash flow to debt above 20% or its
capital productivity weakens materially.

Antero's Ba2 CFR is underpinned by its strong hedge book and
significant anticipated production growth through 2020; large and
efficient natural gas production platform in Appalachia that has
low geological risk and cost structure; growing natural gas liquids
production; and good liquidity. As of December 31, 2017, Antero had
$1.7 billion in unrealized hedging gains and $1.6 billion of
availability under a $2.5 billion committed revolving credit
facility, as well as a 53% ownership interest in Antero Midstream
Partners LP (AMPLP, Ba2 positive), a public MLP with $5 billion in
market capitalization as of February 26, 2018. Antero's ratings are
constrained by its relatively high financial leverage, improving
but still negative free cash flow generation because of aggressive
growth, concentration in Appalachia where natural gas continues to
be sold at deep discounts, ongoing costs associated with unutilized
committed firm transportation capacity and its large proved
undeveloped reserves that will require significant future capital
investments. Despite recent deleveraging actions, Antero is exposed
to natural gas prices beyond 2019 because of the continued strong
supply growth in Appalachia and the risk that the company's heavy
capital spending may not permit meaningful organic deleveraging
through 2019.

Antero has good liquidity, which is captured in the SGL-2 rating.
Moody's expect Antero to generate breakeven to slightly negative
free cash flow in 2018 and a sizeable amount of free cash flow in
2019. As of December 31, 2017, Antero had $185 million of
borrowings and $705 million of outstanding letters of credits
leaving $1.6 billion of availability under its $2.5 billion
committed revolving credit facility. The revolver has a $4.5
billion borrowing base and it matures on October 26, 2022. The
credit agreement requires that Antero maintain a minimum current
ratio of 1x and a minimum interest coverage ratio of 2.5x,
parameters that can be met comfortably. Given its large acreage
position in Appalachia and significant equity interest in AMPLP,
Antero could raise alternate liquidity, if needed.

Antero's senior notes are unsecured, have upstream guarantees from
substantially all of Antero's E&P subsidiaries (excluding AMPLP),
and are contractually subordinated to the company's secured
revolving credit facility. Under Moody's Loss Given Default
Methodology, the notes are rated Ba3, one notch below the Ba2 CFR,
because of the large size of the secured credit facility, which has
a first-lien claim to Antero's assets.

Antero Resources Corporation is a leading natural gas and natural
gas liquids producer in the Marcellus and Utica Shales in West
Virginia, Ohio and Pennsylvania.


ANTHONY HORWITZ: Has Authority to Buy 2011 Suburban LTZ for $21K
----------------------------------------------------------------
Judge Deborah L. Thorne of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized Anthony J. Horwitz to pay
up to $21,000 to purchase a 2011 Chevrolet Suburban LTZ or similar
vehicle and to trade in his 2004 Chevrolet Suburban as a credit
toward the purchase price.

A hearing on the Motion is set for Feb. 22, 2018, at 9:30 a.m.  

The notice required for the Motion is shortened to that given.

                   About Anthony J. Horwitz

Anthony J. Horwitz is 60-years old and rents a 4-bedroom house in
Deerfield,
Illinois, where he lives with his children.  He is a single father
with sole custody of 5 dependent children ranging from 14 to 22
years.  Mr. Horwitz owns 65% of the stock of Graylee Corp., an
S-Corporation.

Mr. Horwitz sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
17-38402) on Dec. 29, 2017.  The Hon. Deborah L. Thorne is the case
judge.  William J Factor, Esq., at The Law Office of William J
Factor, Ltd., is the Debtor's counsel.


APPVION INC: Lender, Committee Oppose Asset Sale Bid Procedures
---------------------------------------------------------------
BankruptcyData.com reported that KeyBank and Appvion Inc.'s
official committee of unsecured creditors filed with the U.S.
Bankruptcy Court separate objections to the Company's motion for an
order approving bidding procedures in connection with the sale of
substantially all of the Company's assets, approving stalking horse
protections and approving and authorizing the sale of substantially
all of Debtors' assets.  KeyBank asserts, "KeyBank is a DIP Lender
pursuant to the DIP Credit Agreement with respect to approximately
$15,471,250 of the 'Roll-Up Loans', which constitute 'DIP
Obligations' under the DIP Financing Order. The Majority Lender
under the DIP Credit Agreement is defined as certain funds and
accounts managed by Franklin Advisers.  Franklin is not the
Administrative Agent under the DIP Credit Agreement and is not
authorized to credit bid.  Franklin, however, attempts to use its
position as the Majority Lender under the DIP Credit Agreement to
favor itself in violation of the applicable terms of the DIP Credit
Agreement and the DIP Financing Order.  Specifically, Franklin's
proposed bid - encourages a default under the Credit Agreement -
and provides for (i) the assumption of the NM Term Loan Obligations
into debt of the new entity to be formed to acquire the Purchased
Assets, for which Franklin is the primary lender, and (ii) the
credit bidding of the Roll-Up Loan Obligations in exchange for
equity in the new entity.  Such disparate treatment violates the
relevant terms of the DIP Credit Agreement and the DIP Financing
Order, which require the pro rata treatment of NM Term Loan
Obligations with the Roll-Up Loan Obligations. This fundamental
failing, along with the inability of Franklin to credit bid,
requires the Court to deny the Motion without even determining if
the bid procedures are fair.  In addition, the Bidding Procedures
fail to quantify the Stalking Horse Purchase Price.  Potential
bidders, therefore, are left to guess the amount necessary to
satisfy the Minimum Initial Overbid Amount as required to submit a
Qualified Bid.  Finally, the Debtors have not demonstrated that the
Purchased Assets have been adequately marketed."

                       About Appvion Inc.

Appvion, Inc. -- http://www.appvion.com/-- produces thermal,
carbonless, security, inkjet, digital specialty, and colored
papers.  The Company is the largest manufacturer of direct thermal
paper in North America.  Headquartered in Appleton, Wisconsin,
Appvion operates coating and converting plants there and in West
Carrollton, Ohio and a pulp and paper mill in Roaring Spring,
Pennsylvania.  The Company employs approximately 1,400 people and
is 100% employee-owned.

Appvion, 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. 17-12082) on Oct. 1, 2017.  The cases are
pending before the Honorable Kevin J. Carey.

Appvion Inc. disclosed total assets of $413,430,904 and total
liabilities of $714,758,194 as of Aug. 31, 2017.

DLA Piper is serving as legal counsel to Appvion, Guggenheim
Securities LLC is serving as the Company's investment banker, and
Alan Holtz of AlixPartners is serving as the Company's Chief
Restructuring Officer.  Prime Clerk LLC is the claims and noticing
agent.

On Oct. 11, 2017, Andrew Vara, acting U.S. trustee for Region 3,
appointed an official committee of unsecured creditors.  The
Committee retained Lowenstein Sandler LLP, as counsel, Klehr
Harrison Harvey Branzburg LLP, as Delaware co-counsel.

On Dec. 1, 2017, the court appointed Justin R. Alberto as the fee
examiner.  He tapped Bayard, P.A., as legal counsel.


ARDENT LEGACY: S&P Affirms 'B' Corp. Credit Rating, Outlook Stable
------------------------------------------------------------------
U.S.-based acute-care hospital operator Ardent Legacy Holdings Inc.
is issuing a $300 million senior unsecured term loan to finance its
acquisition of a majority stake in East Texas Medical Center.

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

S&P said, "At the same time, we raised the issue-level rating on
Ardent's first-lien senior secured debt to 'BB-' from 'B'. We
revised the recovery rating on this debt to '1' from '3, indicating
our expectations for very high (90%-100%; rounded estimate: 95%)
recovery in the event of a payment default.

"In addition, we assigned a 'B-' issue-level rating and '5'
recovery rating to Ardent's proposed $300 million unsecured term
loan. The '5' recovery rating indicates our expectation for modest
(10%-30%; rounded estimate: 25%) recovery to lenders in the event
of payment default."

Ardent's pending acquisition of East Texas Medical Center (nine
hospitals), coupled with its November 2017 acquisition of St
Francis in Kansas, expands its revenue base by over 40% and its
footprint to 25 hospitals in five markets (up from three markets),
adding scale and geographic diversity. This portfolio excludes
another Ardent group of hospitals in its separate, unrated
subsidiary, Ardent LHP.

The stable rating outlook reflects S&P Global Ratings' expectation
that Ardent will continue to generate significant free operation
cash flow (excluding the 2018 year of transition), despite the
company's substantial lease obligations.


ARROWHEAD SELF: To Sell Property to Pay Creditors
-------------------------------------------------
Arrowhead Self Storage, LLC, filed with the U.S. Bankruptcy Court
for the Western District of Missouri proposing to sell its
self-storage pay Classes 1, and 2 and 4 creditors in full.

Class One includes Security Bank of Kansas City ("Security Bank").
Security Bank was owed $1,601,487 as of 12/4/17, not including 2016
real estate taxes, accruing interest and other allowable fees and
charges and not including any payments made since 12/4/17.  This
figure was supplied by Security Bank's counsel.  The Promissory
Note is secured by a deed of trust on real estate, which includes a
self-storage facility located at 7040 N. Broadway, Kansas City,
Clay County, Missouri.  The property includes 3.5 acres that are
vacant and another 3.5 acres where the storage facility is located.
The value of the real estate secured by Security Bank’s lien is
$1,750,000. Security Bank shall be treated as a secured creditor.
This is an Allowed Secured Claim.

Class Two includes all Allowed General Unsecured Nonpriority
Claims. This class includes $46,125 of claims listed on Schedule F;
however, the Debtor would dispute and require strict proof of 5 of
the 10 known unsecured claims.

Class Three includes all claims of Members of this Debtor. These
are Allowed Unsecured Claims which are subordinated to any Allowed
Unsecured Non-Priority Claims.

Class Four includes all Allowed Administrative Claims, whether
incurred before or after the Confirmation Date, allowable under
'330 and '503(b) of the Bankruptcy Code, and which are entitled to
priority payment under '507(a)(1) of the Bankruptcy Code.  The
Claims of this Class include income taxes derived from the
operation of the Debtor's business, and post-petition expenses not
paid during the course of the Chapter 11 proceeding, attorneys'
fees and accounting fees for post-petition services rendered to the
Debtor on and after the Filing Date.  These Claims also include
Claims of the United States Trustee to the extent of any quarterly
fees due under 28 U.S.C. '1930(a)(6) as of the Confirmation Date
and post-petition taxes, if any.

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

        http://bankrupt.com/misc/mowb17-43057-37.pdf

                 About Arrowhead Self Storage

Arrowhead Self Storage, LLC, operates a self-storage facility in
Kansas City, Missouri.  The company offers for rent storage space
on a short-term basis to tenants.

Arrowhead Self Storage sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Mo. Case No. 17-43057) on Nov. 10,
2017.  Susan I. Rose, its member, signed the petition.  At the time
of the filing, the Debtor estimated assets and liabilities of $1
million to $10 million.  Judge Dennis R. Dow presides over the
case.  Erlene W. Krigel, Esq., at Krigel & Krigel, P.C., serves as
the Debtor's counsel.


ASSOCIATED THIRD: Prosecution of CAMOFI Claims Stayed
-----------------------------------------------------
Plaintiffs CAMOFI Master LDC and CAMHZN Master LDC in the case
captioned CAMOFI MASTER LDC, et al., Plaintiffs, v. ASSOCIATED
THIRD PARTY ADMINISTRATORS, et al., Defendants, Case No.
16-cv-00855-EMC (N.D. Cal.) have sued Defendants Associated Third
Party Administrators and associated individuals and entities for
their alleged failure to meet ATPA's obligations on notes owed to
Plaintiffs. ATPA is in bankruptcy proceedings in the Central
District of California, and the bankruptcy trustee has appeared in
this action and filed a motion requesting for the determination of
ownership of claims. The Trustee asserts that the ATPA estate owns
certain of Plaintiffs' claims. The Trustee seeks to stay CAMOFI's
and CAMHZN's prosecution of those claims. Upon review, District
Judge Edward M. Chen granted the Trustee's request for a stay of
Plaintiffs' prosecution of those claims.

In the Central District of California, ATPA has filed for Chapter
11 bankruptcy. The Bankruptcy Court appointed Richard K. Diamond as
trustee for ATPA's estate. The bankruptcy petition triggered an
automatic stay on litigation against ATPA under 11 U.S.C. section
362. CAMOFI and CAMHZN requested and the Bankruptcy Court granted
relief from that stay, permitting CAMOFI and CAMHZN to proceed with
this suit. Trustee moved for clarification that the Relief from
Stay Order did not permit CAMOFI and CAMHZN to prosecute claims
belonging to the bankruptcy estate, including Claims 4 and 5 of the
FAC in this case. The Bankruptcy Court indicated in response that
the issue of CAMOFI's and CAMHZN's standing to pursue Claims 4 and
5 was to be decided by this Court.

Trustee, therefore, appeared in this action and filed the instant
motion requesting a determination that Claims 4 and 5 are property
of ATPA's estate and thus CAMOFI and CAMHZN cannot prosecute these
claims in the instant case before this Court. Trustee seeks to stay
CAMOFI's and CAMHZN's prosecution of those claims in this Court.

In Claim 4, CAMOFI and CAMHZN allege Kessler, Stierwalt, and Gist
breached their fiduciary duty to preserve the corporation's assets
for the benefit of creditors, but that they instead "wrongfully
dissipat[ed]" the assets by "funneling assets to themselves" and
"engaging in other forms of self-dealing." Claim 5, also a claim
against Insiders, alleges fraudulent conveyance. Specifically,
Claim 5 alleges that Insiders caused the complained-of conveyances
to "hinder, delay, or defraud present or future creditors,
including Plaintiffs."

Claim 4 is a derivative claim belonging to the corporation in the
first instance. The bankruptcy trustee has the exclusive right to
prosecute the claim. Trustee argues that the Court should therefore
stay Plaintiffs' prosecution of the claim. He argues that the claim
should not be dismissed, as it is theoretically possible that
Trustee will abandon the claim later, whereupon Plaintiffs would
have standing to pursue the claim. Plaintiffs responds that Trustee
cites no authority for his request for a stay and that he should
instead move to dismiss or for summary judgment. In the alternative
where the Court denies the stay, Trustee moves to intervene as
plaintiff and real party in interest and would then seek dismissal
without prejudice in light of the ongoing adversary proceeding.

Though Trustee does not cite authority for his request to stay
Claim 4, the authority he cites for a stay of Claim 5 is analogous.
(In re Chabot) (Bankr. C.D. Cal. 1989). Chabot concerned a
creditor-bank's fraudulent-conveyance claim against a bankrupt
couple. The court held that while creditors like the bank maintain
their rights against conveyance, the trustee has exclusive standing
to assert that right during the bankruptcy case. "When a case is
closed in which the trustee did not pursue a fraudulent conveyance
cause of action . . . the right to pursue the . . . action reposes
once again in whomever is able to assert it." As the Bankruptcy
Appellate Panel of the Ninth Circuit noted, Chabot means that
during the pendency of bankruptcy proceedings, "the creditor is
stayed from prosecuting the claim and unless the trustee opts to
intervene or to file his or her own fraudulent transfer action, the
creditor may pursue the cause of action upon closing of the
bankruptcy estate." A stay of Plaintiffs' prosecution of Claim 4 is
therefore proper under Chabot.

Plaintiffs belatedly argue that they should be permitted to amend
the FAC to assert a direct breach of fiduciary duty claim. Trustee
objects that granting leave to amend would be procedurally
improper, as a motion for leave to amend is not before the Court
and Trustee has not had the opportunity to object to such a motion.
The Court agrees.

Trustee argues that, under 11 U.S.C. section 544, he has exclusive
standing to pursue fraudulent transfer claims such as Claim 5.
Plaintiffs concede the point. Plaintiffs argue, however, that they
should be permitted to amend the FAC to assert a claim for aiding
and abetting a fraudulent transfer, for which they submit Trustee
does not have standing to assert. For the same reasons given on
Claim 4, a stay is proper and the Court denies leave to amend.

To conclude, the Court determines that Claims 4 and 5, as alleged,
are property of Trustee. Therefore, the Court grants Trustee's
request for a stay of Plaintiffs' prosecution of those claims.

A full-text copy of Judge Chen's Order Feb. 13, 2018 is available
at https://is.gd/9PsA5g from Leagle.com.

CAMOFI Master LDC & CAMHZN Master LDC, Plaintiffs, represented by
Bradley Christopher Carroll  -- bcarroll@downeybrand.com -- Downey
Brand LLP, Jamie Paul Dreher -- jdreher@downeybrand.com -- Downey
Brand LLP & William Ross Warne  -- wwarne@downeybrand.com -- Downey
Brand LLP.

Associated Third Party Administrators, Defendant, represented by
Batya Floryn Forsyth, Attorney at Law.

Diane Gist, Defendant, represented by D. Alexander Floum --
afloum@williams-firm.com -- Law Offices of Timothy C. Williams &
Timothy Craig Williams  -- twilliams@williams-firm.com -- Law
Offices of Timothy C. Williams.

Jesse M Kessler & Med-Tech Health Solutions, LLC, Defendants,
represented by George Richard Pitts -- gpitts@sandsanderson.com
--Sands Anderson PC.

Richard E. Stierwalt, Defendant, represented by John Christopher
Kirke -- jkirke@donahue.com -- Donahue Fitzgerald LLP Attorneys at
Law & Noah Ryan Drake -- ndrake@donahue.com -- Donahue Fitzgerald
LLP.

Richard K Diamond, Chapter 7 Trustee of Associated Third Party
Administrators, Trustee, represented by Jerrold Lyle Bregman --
jbregman@bg.law -- Ezra Brutzkus Gubner & Steven Todd Gubner --
sgubner@bg.law.com -- Brutzkus Gubner.

Associated Third Party Administrators, Cross-claimant, represented
by Batya Floryn Forsyth, Attorney at Law.

Richard E. Stierwalt, Cross-defendant, represented by John
Christopher Kirke, Donahue Fitzgerald LLP Attorneys at Law & Noah
Ryan Drake, Donahue Fitzgerald LLP.

Diane Gist, Cross-claimant, represented by D. Alexander Floum, Law
Offices of Timothy C. Williams & Timothy Craig Williams, Law
Offices of Timothy C. Williams.

Associated Third Party Administrators, Cross-defendant, represented
by Batya Floryn Forsyth, Attorney at Law & Candice P. Shih, Hanson
Bridgett, LLP.

          About Associated Third Party Administrators

Associated Third Party Administrators and its affiliate, Allied
Fund Administrators, LLC, are jointly the 6th largest third party
administration provider in the U.S.  ATPA operates in a niche
segment of the third party benefits administration industry
focusing on clients subject to Taft-Hartley (union) regulations.
ATPA provides billing, record keeping, accounting, claims
processing, reporting, adjudication, determination and other
services related to employee benefits under labor/management
trusts, employer benefit plans and collective bargaining
agreements.

ATPA was founded in 1994 as a result of the consolidation of two
long-established and well-regarded employee benefits administration
companies, C.W. Sweeney & Co. and Glen Slaughter & Pension
Services, Inc. ("UBPSI"), a Delaware corporation, in 2007, which
has not sought bankruptcy relief. UBPSI owns all of ATPA's stock.

In 2014, ATPA acquired the membership interest of AFA, a specialist
in Taft-Harley Act administration, by and through which ATPA
operates its trust benefits administration business.

Associated Third Party Administrators sought Chapter 11 protection
(Bankr. C.D. Cal. Case No. 16-23679) on Oct. 17, 2016.  Judge
Sandra R. Klein is assigned to the case.  ATPA estimated assets in
the range of $1 million to $10 million and  $10 million to $50
million in debt.

ATPA tapped Ron Bender, Esq., Jacqueline L James, Esq., Eve H
Karasik, Esq. and Lindsey L Smith, Esq. at Levene, Neale, Bender,
Yo & Brill LLP as counsel.

The petition was signed by Henry D. Ritter, president and chief
executive officer.


B52 MEDIA: Taps McNamee Hosea as Legal Counsel
----------------------------------------------
B52 Media, LLC seeks approval from the U.S. Bankruptcy Court for
the District of Maryland to hire McNamee, Hosea, Jernigan, Kim,
Greenan & Lynch, P.A., as its legal counsel.

The firm will advise the Debtor regarding the formulation and
implementation of a plan of reorganization; assist in the
negotiation and documentation of financing agreements, debt
restructurings and related transactions; and provide other legal
services related to its Chapter 11 case.

The firm's hourly rates are:

     Junior Partner         $400
     Associates             $350
     Paralegal           $75 to $105

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

McNamee can be reached through:

         James M. Greenan, Esq.
         Steven L. Goldberg, Esq.
         McNamee, Hosea, Jernigan, Kim, Greenan & Lynch, P.A.
         6411 Ivy Lane, Suite 200
         Greenbelt, MD 20770
         Phone: (301) 441-2420/(301) 982-9450
         E-mail: jgreenan@mhlawyers.com
                 sgoldberg@mhlawyers.com

                       About B52 Media LLC

Headquartered in Pikesville, Maryland, B52 Media, LLC --
http://www.b52.com/-- is in the online services technology
consulting business.  It helps small and large corporations find
the right domain names for their businesses.  B52 Media also
designs and builds professional powered Web sites and offers
marketing strategies.  

B52 Media sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Md. Case No. 18-12045) on Feb. 16, 2018.  In the
petition signed by Jonathan Bierer, authorized representative, the
Debtor estimated assets of less than $50,000 and liabilities of $1
million to $10 million.  Judge Michelle M. Harner presides over the
case.  McNamee, Hosea, Jernigan, Kim, Greenan & Lynch, P.A., is the
Debtor's legal counsel.



BAILEY RIDGE: First Dakota Wins Bid to Dismiss J. Ruba Suit
-----------------------------------------------------------
Bankruptcy Judge Thad J. Collins granted First Dakota National
Bank's motion to abstain from proceeding and to dismiss the
adversary proceeding captioned JEROME RUBA, Plaintiff, v. FIRST
DAKOTA NATIONAL BANK, BAILEY RIDGE PARTNERS, LLC, Defendants,
Adversary No. 17-9024 (Bankr. N.D. Iowa).

First Dakota asked the Court to dismiss the adversary proceeding or
to abstain from deciding the issues presented in the adversary.
First Dakota argued that the parties are currently litigating the
same issues in the United States District Court for the District of
South Dakota. First Dakota also argued that federal court in South
Dakota is the proper venue and that permissive abstention is
appropriate. Ruba argued that First Dakota has not met its burden
to show that permissive abstention is appropriate, and he asked the
Court to deny First Dakota's motion and retain this matter for
ultimate decision on the merits.

Here, Ruba's causes of actions are all based in state law and
resolution of these issues is not central to the administration of
the bankruptcy or Bailey Ridge's effort to reorganize. In
particular, the Court relies on the following factors in exercising
its discretion to abstain: (1) the lack of effect on the efficient
administration of the estate; (2) the fact that state law issues
predominate over bankruptcy issues; (4) the presence of a related
proceeding commenced in state court or other nonbankruptcy court;
(6) the degree of relatedness or remoteness of the proceeding to
the main bankruptcy case; (7) the substance rather than the form of
an asserted `core' proceeding; (8) the feasibility of severing
state law claims from core bankruptcy matters to allow judgments to
be entered in state court with enforcement left to the bankruptcy
court; (10) the likelihood that the commencement of the proceeding
involves forum shopping by one of the parties; and (12) the
presence in the proceeding of nondebtor parties.

The factor that weighs most heavily in favor of abstention is the
presence of a related proceeding commenced in another nonbankruptcy
court. The South Dakota litigation is not simply "related"—it is
essentially the same litigation that Ruba now seeks to pursue here.
Although Ruba is correct that this adversary would allow this Court
to decide claims against Bailey Ridge (the bankruptcy debtor), Ruba
has not explained why this Court should decide this state law
claims instead of the United States District Court in South Dakota.
This is especially important given that First Dakota originally
brought the claims there, that is where the parties have litigated
some issues, and others issues remain pending. The parties have
completed substantial discovery and the United States District
Court in South Dakota has already ruled on part of Ruba's claims.

Ruba asked the Court to stay the South Dakota litigation and the
Court did so after an evidentiary hearing and finding that a
judgment against Ruba could lead to harm to the bankruptcy estate
and prospects of reorganization. Ruba does not seek to continue the
pending case but instead to restart that litigation entirely in
this Court. The Court disagrees with this approach and concludes
that the remaining claims should proceed in South Dakota, where
they were first raised and are still pending.

A full-text copy of Judge Collins' Ruling dated Feb. 15, 2018 is
available at https://is.gd/FW2DjU from Leagle.com.

Jerome Ruba, Heidman Law Firm, Plaintiff, represented by Allyson C.
Dirksen -- allyson.dirksen@heidmanlaw.com -- Heidman Law Firm LLP &
Jessica A. Uhlenkamp -- jessica.uhlenkamp@heidmanlaw.com -- Heidman
Law Firm LLP.

Bailey Ridge Partners, Defendant, represented by Donald H.
Molstad.

First Dakota National Bank, Defendant, represented by Steven K.
Huff -- steve@jmmwh.com -- Marlow, Woodward & Huff, Prof. LLC.

                About Bailey Ridge Partners LLC

Bailey Ridge Partners LLC, based in Kingsley, Iowa, filed a Chapter
11 petition (Bankr. N.D. Iowa Case No. 17-00033) on Jan. 11, 2017.
The petition was signed by Floyd Davis, its managing member.

At the time of the filing, the Debtor disclosed that it had
estimated assets of less than $50,000 and liabilities of $10
million to $50 million.

The Debtor is represented by Donald H. Molstad, Esq., at Molstad
Law Firm.

On March 2, 2017, the Office of the U.S. Trustee appointed the
official committee of unsecured creditors.  The committee hired
Goldstein & McClintock LLLP as lead counsel; Dickinson Mackaman
Tyler & Hagen, P.C. as Iowa counsel; and Houlihan & Associates,
P.C. as accountant.


BAKERCORP: S&P Lowers CCR to 'CCC+' on Increased Refinancing Risk
-----------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
U.S.-based liquid and solid containment equipment rental and
services firm BakerCorp to 'CCC+' from 'B-'. The outlook is
negative.

S&P said, "At the same time, we lowered our issue-level rating on
the company's senior secured debt (including its $40 million
revolver and $425 million term loan) to 'CCC+' from 'B-'. The '3'
recovery rating remains unchanged, indicating our expectation for
meaningful (50%-70%; rounded estimate: 65%) recovery in the event
of a payment default.

"Additionally, we lowered our issue-level rating on the company's
senior unsecured debt to 'CCC-' from 'CCC'. The '6' recovery rating
remains unchanged, indicating our expectation for negligible
(0%-10%; rounded estimate: 5%) recovery in the event of a payment
default."

The downgrade reflects risks associated with the company's ability
to repay or refinance its senior unsecured notes prior to March 2,
2019. Failure to do so would cause the maturity of its senior
secured term loan to accelerate to March 2, 2019, from Feb. 7,
2020. The maturity of an undrawn revolving credit facility would
also accelerate. S&P said, "We do not expect BakerCorp to have
sufficient sources of liquidity to repay its unsecured notes by
March 2019 and we are not aware of agreements to refinance the
notes at this time. As a result, we believe this increases the risk
that the company could be vulnerable to nonpayment on its financial
obligations."

S&P said, "The negative outlook on BakerCorp reflects the risk the
company will not be able to repay or refinance its pending
maturities over the next 12 months despite our expectation for
continued improvement in its end markets. We view the company's
recent improved operating performance as a positive factor, but not
sufficient to mitigate the refinancing risk associated with
upcoming maturities that make the company vulnerable to nonpayment
in the near term.

"We could lower our ratings on BakerCorp when the company's term
loan becomes current, unless we gain more certainty that the
company has a reasonable plan to repay or refinance its unsecured
notes. We would also lower our ratings if we believe a debt
restructuring, including a distressed exchange, is likely.

"We could revise our outlook or raise our ratings on BakerCorp if
the company is able repay, extend, or refinance its outstanding
debt in accordance with the original terms of its obligations. In
addition, raising the ratings would also be contingent upon our
belief that the company's operating performance will continue to
improve and that the company can continue to reduce leverage from
currently high levels."


BEAULIEU GROUP: $1M Sale of Chatsworth Property to CW Property OK'd
-------------------------------------------------------------------
Judge Mary Grace Diehl of the U.S. Bankruptcy Court for the
Northern District of Georgia authorized Beaulieu Group, LLC and
affiliates to sell the parcel of real property located in
Chatsworth, Georgia consisting of approximately 11.869 acres
together with a 92,655 square foot building located thereon to CW
Property Group, LLC for $1 million, less an estimated amount for
2018 property taxes.

The sale and conveyance of the Property to the Buyer is free and
clear of all liens, claims, encumbrances and interests.

The Debtors are authorized and directed to sell the Property, as
more particularly described in the Purchase Agreement, to the Buyer
pursuant to the terms of the Purchase Agreement.

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

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

                     About Beaulieu Group

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

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

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

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

No trustee or examiner has been appointed in this case.


BEAZER HOMES: Egan-Jones Lowers Sr. Unsec. Debt Ratings to B-
-------------------------------------------------------------
Egan-Jones Ratings Company, on February 23, 2018, downgraded the
foreign currency and local currency senior unsecured ratings on
debt issued by Beazer Homes USA, Inc. to B- from B.

Beazer Homes USA, Inc. is a home construction company based in
Atlanta, Georgia. In 2016, the company was the 11th largest home
builder in the United States based on the number of homes closed.
The company operates in 13 states.


BERNARD SLOANE GLIEBERMAN: Digim is Property of Bankruptcy Estate
-----------------------------------------------------------------
In the adversary proceeding captioned Charles J. Taunt, Trustee,
Plaintiff/Counter-Defendant, v. Digital Image, LLC, a Michigan
limited liability company; Lontray Enterprises, LLC, a Michigan
limited liability company, Defendants/Counter-Plaintiffs, Adv.
Proc. No. 15-05382 (Bankr. E.D. Mich.), Bankruptcy Judge Marci B.
McIvor denies the Defendant’s motion for partial judgment on the
pleadings, grants judgment to Plaintiff on Counts I, II, and V of
the Trustee's First Amended Complaint, dismisses Counts III, IV,
VI, VII, and VIII of the Trustee's First Amended Complaint, and
dismisses Defendants' counterclaim.

In 1999, Debtor Bernard Glieberman formed a limited liability
corporation named Lontray Enterprises, LLC. At that time,
Glieberman and his wife each owned a 1% membership interest in
Lontray. Their son, Lonie Glieberman, and their daughter, Tracey
Katzen, each owned a 49% membership interest in Lontray. At all
times relevant to this Opinion, Glieberman remained the "Manager"
of Lontray and retained complete financial control over Lontray.

At some point prior to June 8, 2001, Glieberman started a company
called Digital Image, Inc. Glieberman was the 100% owner of Digital
Image, Inc. On Oct. 29, 2008, Glieberman signed a document called
"consent of shareholder" that approved changing the name of Digital
Image, Inc. to Digim, Inc. That document stated that Glieberman was
100% shareholder of Digital Image, Inc.

On July 20, 2017, Defendants filed the instant motion for partial
judgment on the pleadings in this adversary proceeding. The motion
seeks dismissal of Counts I and II of the Trustee's Amended
Complaint. Count I of the First Amended Complaint seeks a
declaratory judgment that the corporate assets of Digim, Inc. are
property of the bankruptcy estate. Count II of the First Amended
Complaint seeks a declaratory judgment that the profits generated
by Digim, Inc. are property of the bankruptcy estate. In their
motion, Defendants make three arguments: (1) the Trustee cannot
recover any assets from Defendants because those assets were
transferred to Digital Image, LLC; (2) even if the assets of Digim,
Inc. were never transferred to Digital Image, LLC, Lontray has a
perfected security interest the stock of Digim, Inc. which
precludes the Trustee from administering the stock as an asset of
the bankruptcy estate; and (3) the Trustee's efforts to recover the
assets of Digim, Inc. are barred by the statute of limitations.

The Court rejects all of the Defendants' arguments. Defendants'
arguments have all been made and rejected by both this Court and
the District Court. This Court is bound by the doctrines of
collateral estoppel and res judicata to follow the rulings in prior
proceedings of the District Court. The doctrines of res judicata
and collateral estoppel require this Court to find that: (1) Debtor
is the 100% owner of Digim, Inc., which includes both the corporate
assets and the stock; (2) the profits flowing from Debtor's
ownership of Digim, Inc. are property of the bankruptcy estate; (3)
Lontray does not have an enforceable security interest in the Digim
stock because Debtor and Lontray are related entities controlled by
Debtor; and (4) because Debtor never transferred Digim, Inc. to
Digital Image, LLC, the statute of limitations on collection
actions has no applicability to this case.

The bankruptcy case is in re: Bernard Sloane Glieberman, Chapter
11, Debtor, Case No. 15-55996-MBM (Bankr. E.D. Mich.).

A full-text copy of Judge McIvor's Opinion dated Feb. 14, 2018 is
available at https://is.gd/CtqRLN from Leagle.com.

Bernard Sloane Glieberman, Debtor In Possession, represented by
Debra Beth Pevos .

Charles Taunt, Trustee, represented by Erika D. Hart  --
ehart@tauntlaw.com  -- & Dean R. Nelson, Jr.  --
dnelson@tauntlaw.com -- The Taunt Law Firm.

             About Bernard Sloane Glieberman

Bernard Sloane Glieberman sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Mich. Case No. 15-55996) on November
2, 2015.  The case is assigned to Judge Marci B. McIvor.

BR North is represented by Paul A. Wilhelm, Esq., at Clark Hill,
PLC, in Detroit, Michigan.


BLUE RIDGE: Taps Redmon Peyton as Legal Counsel
-----------------------------------------------
Blue Ridge Arsenal, Inc., seeks approval from the U.S. Bankruptcy
Court for the Eastern District of Virginia to hire Redmon Peyton &
Braswell, LLP, as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; address issues related to the use of cash
collateral; assist in the preparation of a plan of reorganization;
and provide other legal services related to its Chapter 11 case.

Robert Marino, Esq., a partner at Redmon and the attorney who will
be handling the case, will charge an hourly fee of $375.

The Debtor has agreed to pay Redmon a retainer in the sum of
$21,717.  Prior to the Petition Date, the firm received an initial
retainer of $2,000, of which $1,717 was used to pay the filing
fee.

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

The firm can be reached through:

     Robert M. Marino, Esq.
     Redmon Peyton & Braswell, LLP
     510 King Street, Suite 301
     Alexandria, VA 22314
     Phone: (703) 684-2000
     Fax: (703) 684-5109
     E-mail: rmmarino@rpb-law.com

                   About Blue Ridge Arsenal

Based in Chantilly, Virginia, Blue Ridge Arsenal, Inc. --
http://www.blueridgearsenal.com/-- owns a full line shooting
sports store and range facility.  The company was founded in 1989
and is an affiliate of Blue Ridge Arsenal at Winding Brook LLC,
which sought bankruptcy protection on Sept. 18, 2017 (Bankr. E.D.
Va. Case No. 17-13138).  

Blue Ridge Arsenal sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Va. Case No. 18-10472) on Feb. 9,
2018.  In the petition signed by Earl L. Curtis, president, the
Debtor estimated assets of less than $500,000 and liabilities of $1
million to $10 million.  

Judge Klinette H. Kindred presides over the case.

Redmon Peyton & Braswell, LLP, is the Debtor's legal counsel.


BOISE GUN: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Boise Gun Company, Inc.
        4105 Adams Street
        Garden City, ID 83714

Business Description: Established in 1995, Boise Gun Company
                      -- https://www.boisegun.com -- is a full
                      service firearms dealer, ranging from
                      firearms and accessory sales, to gunsmithing
                      and NRA certified training classes.  The
                      Company offers an inventory of hundreds of
                      firearms including a single shot shotgun, a
                      high capacity handgun, or a fully automatic
                      machine gun with a silencer.  Boise Gun
                      Company's services include appraisals,
                      consignments, purchases and sales.  The
                      Company previously sought bankruptcy
                      protection on Oct. 23, 2015 (Bankr. D. Id.
                      Case No. 15-01389).  Boise Gun Company is
                      headquartered in Garden City, Idaho.

Chapter 11 Petition Date: February 27, 2018

Case No.: 18-00207

Court: United States Bankruptcy Court
       District of Idaho (Boise)

Judge: Hon. Terry L Myers

Debtor's Counsel: Matthew Todd Christensen, Esq.
                  ANGSTMAN JOHNSON, PLLC
                  3649 N. Lakeharbor Lane
                  Boise, ID 83703
                  Tel: 208-384-8588
                  Fax: 208-853-0117
                  E-mail: mtc@angstman.com
                          info@angstman.com

Total Assets: $2.69 million

Total Liabilities: $3.84 million

The petition was signed by Jason Hopper, vice president.

A full-text copy of the petition, along with a list of 20 largest
unsecured creditors, is available for free at
http://bankrupt.com/misc/idb18-00207.pdf


BON-TON STORES: District Court Stays Lakegirl's Lawsuit
-------------------------------------------------------
Magistrate Judge Leo I. Brisbois entered an order staying the
claims in the action captioned Lakegirl, Inc., Plaintiff, v.
Livnfresh, Inc., et al., Defendants, Court File No. 17-cv-1510
(JRT/LIB) (D. Minn.) as alleged against Defendants The Bon-Ton
Stores, Inc.; Carson Pirie Scott II, Inc.; and the Bon-Ton
Department Stores, Inc.

On Feb. 14, 2018, the Bon-Ton Defendants filed a "Suggestion of
Bankruptcy" informing the Court that the Bon-Ton Defendants had
filed for Chapter 11 bankruptcy on Feb. 4, 2018. Counsel for the
Bon-Ton Defendants proffered that he believed these bankruptcy
filings may have created an automatic stay of the present
proceeding as against the Bon-Ton Defendants under the Bankruptcy
Code.

The Court has verified that on Feb. 4, 2018, the Bon-Ton Defendants
filed Chapter 11 Voluntary Petitions for bankruptcy. The present
action was filed on May 9, 2017.

The action is, thus, stayed and the plaintiff and the Bon-Ton
defendants must file on CM/ECF a joint, written status update
regarding the status of the bankruptcy proceeding and the impact of
that proceeding on this case every 120 days from the date of this
Order.

A copy of Judge Brisbois' Order dated Feb. 15, 2018 is available at
https://is.gd/dVsda8 from Leagle.com.

Lakegirl, Inc., Plaintiff, represented by Donald W. Niles --
DNiles@nilolaw.com -- Niles Law Office, PA.

Livnfresh, Inc., Defendant, represented by Brian B. Brown ,
Carlson, Gaskey & Olds, P.C., pro hac vice, David R. Fairbairn --
drfairbairn@kinney.com -- Kinney & Lange, PA & Jessica Marie Alm
Thomas -- jthomas@kinney.com -- Kinney & Lange.

The Bon-Ton Stores, Inc., Carson Pirie Scott II, Inc. & The Bon-Ton
Department Stores, Inc., Defendants, represented by Brian B. Brown
, Carlson, Gaskey & Olds, P.C., David R. Fairbairn , Kinney &
Lange, PA & Jessica Marie Alm Thomas , Kinney & Lange.

                     About The Bon-Ton Stores

The Bon-Ton Stores, Inc. (OTCQX: BONT) -- http://www.bonton.com/--
with corporate headquarters in York, Pennsylvania and Milwaukee,
Wisconsin, operates 256 stores, which includes nine furniture
galleries and four clearance centers, in 23 states in the
Northeast, Midwest and upper Great Plains under the Bon-Ton,
Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's and
Younkers nameplates.  The stores offer a broad assortment of
national and private brand fashion apparel and accessories for
women, men and children, as well as cosmetics and home
furnishings.

The Bon-Ton Stores, Inc., sought Chapter 11 protection (Bankr. D.
Del. Case No. 18-10248) on Feb. 4, 2018.  In the petitions signed
by Executive Vice President and CFO Michael Culhane, the Debtor
disclosed total assets at $1.58 billion and total debt at $1.74
billion.

The Bon-Ton Stores tapped Paul, Weiss, Rifkind, Wharton & Garrison
LLP as counsel; Young Conaway Stargatt & Taylor, LLP as co-counsel;
PJT Partners LP as investment banker; AP Services, LLC as financial
advisor; and A&G Realty Partners LLC, as real estate advisor.


CALIFORNIA RESOURCES: Swings to $266 Million Net Loss in 2017
-------------------------------------------------------------
California Resources Corporation filed with the Securities and
Exchange Commission its annual report on Form 10-K reporting a net
loss attributable to common stock of $266 million on $2 billion of
total revenues and other for the year ended Dec. 31, 2017, compared
to net income attributable to common stock of $279 million on $1.54
billion of total revenues and other for the year ended Dec. 31,
2016.

California Resources reported a net loss attributable to common
stock of $138 million for the fourth quarter of 2017, compared to a
net loss attributable to common stock of $77 million for the same
period a year ago.

As of Dec. 31, 2017, California Resources had $6.20 billion in
total assets, $732 million in total liabilities, all current, $5.30
billion in long-term debt, $287 million in deferred gain and
issuance costs, $602 million in other long-term liabilities, and a
total deficit of $720 million.

Todd Stevens, CRC's president and CEO, said, "In 2017, we followed
a strategic plan to focus on projects that offered the best value
creation, to live within cash flow and to emphasize disciplined
growth, and I am pleased to report that we delivered on all fronts.
We replaced 119% of our production, despite a limited capital
program.  We leveraged our portfolio flexibility through JV
partnerships to accelerate and de-risk our actionable inventory.
As we have done every year since our inception, we continued to
live within our cash flow, investing approximately $240 million of
CRC development capital in 2017 with a VCI1 of 1.7 or
fully-burdened returns of 30%.  In addition, we took steps to
meaningfully strengthen our financial position with a new credit
amendment that provides a clear runway and a path to further
de-lever.  In 2018, we expect to build upon this solid momentum as
we extend our track record of disciplined execution into a
mid-cycle commodity environment and capture the significant upside
that lies ahead.  By remaining dedicated to our strategy centered
on optimizing CRC's world-class resources, driving operational
execution and strengthening our balance sheet, we expect to deliver
meaningful value creation for our shareholders in 2018 and beyond."


                    Fourth Quarter 2017 Results

Total daily production volumes averaged 126,000 barrels of oil
equivalent (BOE) per day for the fourth quarter of 2017.  Oil
volumes averaged 80,000 barrels per day, NGL volumes averaged
16,000 barrels per day and gas volumes averaged 179,000 thousand
cubic feet (MCF) per day.  These results reflect approximately
1,300 BOE per day of negative PSC effects due to higher realized
prices in the fourth quarter compared to expected prices, as well
as a 700 BOE per day quarterly impact due to the California
wildfires that occurred in December 2017.

Realized crude oil prices, including the effect of settled hedges,
increased by $11.44 per barrel to $56.92 per barrel from the prior
year comparable period.  Settled hedges decreased realized crude
oil prices by $2.95 per barrel.  Average realized NGL prices
registered $44.03 per barrel and realized natural gas prices were
$2.77 per MCF.

Production costs for the fourth quarter of 2017 were $227 million,
or $19.64 per BOE, compared to $17.50 per BOE in the prior year
comparable period.  The industry practice for reporting PSCs can
result in higher production costs per barrel as gross field
operating costs are matched with net production.  Excluding the PSC
effects, per unit production costs for the fourth quarter of 2017
would have been $18.31.  The increase in unit based production
costs was driven by an increase in energy costs, a ramp-up of
downhole maintenance activity in line with stronger commodity
prices and lower production volumes, but was partially offset by a
more efficient use of energy.  General and administrative (G&A)
expenses were $68 million for the fourth quarter of 2017.  Adjusted
general and administrative expenses1 for the fourth quarter of 2017
were $67 million compared to $61 million in the prior year
comparable period. The increase in adjusted G&A expenses1 was a
result of the timing of grants coupled with the higher costs of
performance-based bonus and incentive compensation plans due to
better than expected results.

CRC reported taxes other than on income of $33 million and
exploration expense of $5 million for the fourth quarter of 2017.

Capital investment in the fourth quarter of 2017 totaled $139
million, consisting of $125 million of internally funded capital
and $14 million of BSP funded capital.  Approximately $95 million
was directed to drilling and capital workovers.

Cash provided by operating activities was $23 million.

                     Full Year 2017 Results

Total daily production volumes averaged 129,000 BOE per day for the
full year of 2017.  Oil volumes averaged 83,000 barrels per day,
NGL volumes averaged 16,000 barrels per day, and gas volumes
averaged 182,000 MCF per day.

Realized crude oil prices, including the effect of settled hedges,
increased $9.23 per barrel to $51.24 per barrel from $42.01 per
barrel in 2016.  Settled hedges decreased 2017 realized crude oil
prices by $0.23 per barrel compared with a $2.29 per barrel
increase in 2016.  Realized NGL prices increased 60% to $35.76 from
$22.39 per barrel in 2016.  Realized natural gas prices increased
17% to $2.67 per MCF compared with $2.28 per MCF in 2016.
Production costs for the full year of 2017 were $876 million, or
$18.64 per BOE.  Per unit production costs, excluding the effect of
PSCs, were $17.48 per BOE.  The increase in production costs of $76
million from the prior year was driven by an increase in energy
costs and a ramp-up of downhole and surface maintenance activity in
line with stronger commodity prices, but were partially offset by a
more efficient use of energy.  While higher natural gas prices
increase CRC's production costs for power and steam generation,
they result in a net benefit due to higher revenue generated from
natural gas sales.  G&A expenses were $259 million for the full
year of 2017.  Adjusted G&A expenses1 for the full year of 2017
were $254 million compared to $228 million in 2016.  The increase
in adjusted G&A expenses1 was a result of the timing of grants
coupled with the higher costs of performance-based bonus and
incentive compensation plans due to better than expected results.

CRC reported taxes other than on income of $136 million and
exploration expense of $22 million for the full year of 2017.

Capital investment in 2017 totaled $371 million, consisting of $275
million of CRC internally funded capital and $96 million of BSP
funded capital.  Approximately $266 million was directed to
drilling and capital workovers.  The Company's MIRA joint venture
funded an additional $58 million of investment.

Cash provided by operating activities for the full year of 2017 was
$248 million.  The Company was free cash flow1 neutral after
working capital and excluding capital that was funded by BSP.

                        Operational Update

CRC operated an average of nine rigs during the fourth quarter of
2017 and drilled 81 wells, including those drilled with BSP and
MIRA capital, which consisted of 75 development wells (36
steamflood, 25 waterflood, 13 primary and one unconventional) and
six exploration wells (five steamflood and one primary).  Most of
the drilling activity was directed toward steamfloods and
waterfloods, which have different production profiles and longer
response times than typical conventional wells.  As a result, the
full production contribution is not typically experienced in the
same year that the well is drilled.  In the San Joaquin basin, CRC
operated seven rigs and produced approximately 88 MBOE per day for
the fourth quarter.  The Los Angeles basin had one rig directed
toward waterflood projects, and contributed 26 MBOE per day of
production in the fourth quarter of 2017.  The impact of the
production sharing agreements in Long Beach decreased production by
1,300 BOE per day in the fourth quarter due to fewer cost-recovery
barrels as a result of higher oil prices than initially expected.
The Ventura basin activity included one rig focused on conventional
projects and produced approximately 6,000 BOE per day for the
fourth quarter.  The California wildfires negatively impacted
production by approximately 2,200 BOE per day in December 2017 and
production remained affected by approximately 1,200 BOE per day in
January 2018 due to third party power and access issues related to
the fires and subsequent mudslides.  First quarter of 2018
production guidance reflects a 400 BOE per day reduction primarily
due to these issues, a 600 BOE per day impact for PSC effects, as
well as other factors.  CRC had no development drilling activity in
the Sacramento basin and continues to focus on oil weighted
projects.

                 Balance Sheet Strengthening Update

During February 2018, CRC entered into a midstream joint venture
with an affiliate of Ares Management, L.P.

                         2018 Capital Budget

With stronger expected cash flows, CRC estimates its 2018 capital
program will range from $425 million to $450 million, which
includes approximately $100 to $150 million in JV capital.  CRC's
2018 capital program may grow further through the use of cash on
the balance sheet, additional tranches from existing JVs as well as
potential new JVs.  CRC's direct investment level will be largely
directed to waterflood and steamflood investments which will drive
enhanced production into 2019.

                   Credit Facility Amendment

CRC entered into its seventh amendment of the 2014 Credit Facility
in November 2017.  This amendment received unanimous approval from
all 29 lenders and financial institutions and became effective
after the closing of a new $1.3 billion first lien secured term
loan facility.  Net proceeds were used to pay the $559 million
remaining balance of the 2014 Term Loan, reduce the balance of the
2014 Revolving Credit Facility and pay accrued interest.  The
amendment extended the maturity date of the 2014 Revolving Credit
Facility to June 30, 2021 and modified some of its covenants.
Subsequent to the amendment, CRC was able to eliminate the
springing maturity features related to the 5% notes due Jan. 15,
2020 and the 5 1/2% notes due Sept. 15, 2021 by buying back $65
million of principal of the 5% Notes and $35 million in principal
of the 5 1/2% Notes.

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

                      https://is.gd/Y3EOTv

                   About California Resources
  
California Resources Corporation -- http://www.crc.com/-- is an
oil and natural gas exploration and production company
headquartered in Los Angeles, California.  The Company operates its
resource base exclusively within the State of California, applying
complementary and integrated infrastructure to gather, process and
market its production.  Using advanced technology, California
Resources Corporation focuses on safely and responsibly supplying
affordable energy for California by Californians.

                          *     *     *

As reported by the TCR on Nov. 14, 2017, S&P Global Ratings
affirmed its 'CCC+' corporate credit rating on Los Angeles-based
exploration and production company California Resources Corp (CRC).
The outlook is negative.  "The affirmation of the 'CCC+' corporate
credit rating on CRC reflects our assessment of the company's
improving, but still weak financial measures combined with
increased capital spending that should stem production declines
following a tumultuous 2016.

In November 2017, Moody's Investors Service upgraded California
Resources' Corporate Family Rating (CFR) to 'Caa1' from 'Caa2' and
Probability of Default Rating (PDR) to 'Caa1-PD' from 'Caa2-PD'.
Moody's said the upgrade of CRC's CFR to 'Caa1' and stable outlook
reflects CRC's improved liquidity and the likelihood that it will
have sufficient liquidity to support its operations for at least
the next two years at current commodity prices.


CAREVIEW COMMUNICATIONS: Sells $2.05 Million Notes to Investors
---------------------------------------------------------------
CareView Communications, Inc., previously reported in its Current
Report on Form 8-K filed with the Securities and Exchange
Commission on Feb. 5, 2018, the Company and its subsidiaries,
CareView Communications, Inc., and CareView Operations, L.L.C.,
(the "Borrower"), entered into a Modification Agreement on Feb. 2,
2018, effective as of Dec. 28, 2017, with PDL Investment Holdings,
LLC (as assignee of PDL BioPharma, Inc.) in its capacity as
administrative agent and lender under the Credit Agreement dated as
of June 26, 2015, as amended, by and among the Company, the
Borrower and the Lender, with respect to the Credit Agreement in
order to modify certain provisions of the Credit Agreement and Loan
Documents to prevent an Event of Default from occurring.

In consideration of the Lender's entry into the Modification
Agreement, the Company and the Borrower agreed, among other things,
that the Borrower would obtain (i) at least $2,250,000 in net cash
proceeds from the issuance of Capital Stock (other than
Disqualified Capital Stock) or Debt (each that term as defined in
the Credit Agreement) on or prior to Feb. 23, 2018 and (ii) an
additional $3,000,000 in net cash proceeds from the issuance of
Capital Stock (other than Disqualified Capital Stock) or Debt on or
prior to May 31, 2018 (resulting in aggregate net cash proceeds of
at least $5,250,000).

On Feb. 23, 2018, in connection with the Eighth Amendment and the
Company's issuance of the Eighth Amendment Supplemental Closing
Notes and Eighth Amendment Supplemental Warrants, the Company, the
Borrower and the Lender entered into a Second Amendment to Credit
Agreement, dated Feb. 23, 2018, pursuant to which the parties
agreed to amend the Modification Agreement to provide that the
Borrower could satisfy its obligations under the Modification
Agreement by obtaining (i) at least $2,050,000 in net cash proceeds
from the issuance of Capital Stock (other than Disqualified Capital
Stock) or Debt on or prior to Feb. 23, 2018 and (ii) an additional
$3,000,000 in net cash proceeds from the issuance of Capital Stock
(other than Disqualified Capital Stock) or Debt on or prior to May
31, 2018 (resulting in aggregate net cash proceeds of at least
$5,050,000).  The Credit Agreement Amendment also amended certain
definitions in the Credit Agreement in order to reflect the Eighth
Amendment and the issuance of the Eighth Amendment Supplemental
Closing Notes.
As previously reported in the Company's Current Report on Form 8-K
filed with the SEC on April 27, 2011, the Company entered into a
Note and Warrant Purchase Agreement dated April 21, 2011 with
HealthCor Partners Fund, LP and HealthCor Hybrid Offshore Master
Fund, LP.  Pursuant to the Purchase Agreement, the Company sold
Senior Secured Convertible Notes to the HealthCor Parties in the
aggregate initial principal amount of $20,000,000, subject to
adjustment in accordance with anti-dilution provisions set forth in
the 2011 HealthCor Notes.  The Company also issued Warrants to
purchase an aggregate of up to 11,782,859 shares of its Common
Stock at an exercise price per share equal to $1.40 per share to
the HealthCor Parties.

                       Amendment Agreement

As previously reported in the Company's Current Report on Form 8-K
filed with the SEC on Jan. 6, 2012, the Company entered into a Note
and Warrant Amendment Agreement with the HealthCor Parties on Dec.
30, 2011 to (a) amend the Purchase Agreement in order to modify the
HealthCor Parties' right to restrict certain equity issuances; and
(b) amend the 2011 HealthCor Notes and the HealthCor Warrants, in
order to eliminate certain anti-dilution provisions.

                        Second Amendment

As previously reported in the Company's Current Report on Form 8-K
filed with the SEC on Feb. 2, 2012, the Company entered into a
Second Amendment to Note and Warrant Purchase Agreement with the
HealthCor Parties on Jan. 31, 2012 which allowed the Company to
sell additional Senior Secured Convertible Notes to the HealthCor
Parties in the aggregate initial principal amount of $5,000,000.

                           Third Amendment

As previously reported in the Company's Current Report on Form 8-K
filed with the SEC on Aug. 26, 2013, the Company entered into a
Third Amendment to Note and Warrant Purchase Agreement with the
HealthCor Parties on Aug. 20, 2013 to redefine the Company's
minimum cash balance requirements.  All other terms and conditions
of the Purchase Agreement, including all amendments thereto,
remained the same.

                           Fourth Amendment

As previously reported in the Company's Current Report on Form 8-K
filed with the SEC on Jan. 22, 2014, the Company entered into a
Fourth Amendment to Note and Warrant Purchase Agreement with the
HealthCor Parties on Jan. 16, 2014 to sell and issue to the
HealthCor Parties (i) additional notes in the initial aggregate
principal amount of $5,000,000, with a conversion price per share
equal to $0.40 and (ii) additional warrants to purchase an
aggregate of up to 4,000,000 shares of its Common Stock at an
exercise price per share equal to $0.40.

                            Fifth Amendment

As previously reported in the Company's Current Report on Form 8-K
filed with the SEC on Dec. 19, 2014, the Company entered into a
Fifth Amendment to Note and Warrant Purchase Agreement with the
HealthCor Parties and certain additional investors on Dec. 15, 2014
to sell and issue to the Fifth Amendment Investors (i) additional
notes in the initial aggregate principal amount of $6,000,000, with
a conversion price per share equal to $0.52 and (ii) additional
warrants to purchase an aggregate of up to 3,692,308 shares of our
Common Stock at an exercise price per share equal to $0.52 (subject
to adjustment as described therein). The Fifth Amendment New
Investors were composed of all but one of our directors (at such
time and currently) as well as one of our officers (at such time
and currently) who is not also a director. As previously reported
in our Current Report on Form 8-K filed with the SEC on Feb. 19,
2015, the Company and the Fifth Amendment Investors closed on the
transactions contemplated by the Fifth Amendment on Feb. 17, 2015.

                         Sixth Amendment

As previously reported in the Company's Annual Report on Form 10-K
filed with the SEC on March 31, 2015, the Company entered into a
Sixth Amendment to Note and Warrant Purchase Agreement with the
HealthCor Parties and the Fifth Amendment New Investors on
March 31, 2015, pursuant to which, among other things, (i) the
requirement to maintain a minimum cash balance of $5,000,000 was
reduced to a minimum cash balance of $2,000,000 and (ii) the
amendment provision was revised to permit the Purchase Agreement to
be amended by the Company and the holders of the majority of the
Common Stock underlying the outstanding notes and warrants to
purchase shares of its Common Stock sold pursuant to the Purchase
Agreement (on an as-converted basis).  On March 31, 2015, the
Company also issued warrants to the HealthCor Parties to purchase
up to an aggregate of 1,000,000 shares of the Company's Common
Stock in consideration for certain prior waivers of the minimum
cash balance requirement in the Purchase Agreement.  The Sixth
Amendment Supplemental Warrants have an exercise price per share
equal to $0.53.

                         Seventh Amendment

As previously reported in the Company's Current Report on Form 8-K
filed with the SEC on June 30, 2015, the Company entered into a
Seventh Amendment to Note and Warrant Purchase Agreement with the
HealthCor Parties and the Fifth Amendment New Investors on
June 26, 2015, pursuant to which the Purchase Agreement was amended
to permit the Company to enter into and perform its obligations
under the Credit Agreement, and on June 26, 2015 certain amendments
were also made to each of the outstanding notes issued under the
Purchase Agreement in connection with the Company's entrance into
the Credit Agreement.

                          Eighth Amendment

On Feb. 23, 2018, the Company entered into an Eighth Amendment to
Note and Warrant Purchase Agreement with the Fifth Amendment New
Investors, an additional investor party thereto and the HealthCor
Parties (solely in their capacity as the Majority Holders approving
the Eighth Amendment and not as investors), pursuant to which the
Company sold and issued, for an aggregate of $2,050,000 in cash, to
the Investors on that date (i) additional notes in the initial
aggregate principal amount of $2,050,000, with a conversion price
per share equal to $0.05 and a maturity date of Feb. 22, 2028 and
(ii) additional warrants to purchase an aggregate of up to 512,500
shares of its Common Stock at an exercise price per share equal to
$0.05 (subject to adjustment as described therein) and with an
expiration date of Feb. 23, 2028.  The Existing Investors are
composed of all but one of the Company's current directors as well
as one of its current officers who is not also a director.  Of the
total amount of Eighth Amendment Supplemental Closing Notes and
Eighth Amendment Supplemental Warrants issued and sold by the
Company pursuant to the Eighth Amendment, those directors and
officer purchased, in aggregate, Eighth Supplemental Closing Notes
in the initial aggregate principal amount of $1,950,000 and Eighth
Amendment Supplemental Warrants to purchase an aggregate of up to
487,500 shares of our Common Stock.

The Purchase Agreement and Eighth Amendment provide that the
Company grants to the Investors a security interest in its assets
as collateral for payment of the Eighth Amendment Supplemental
Closing Notes evidenced by the Amended and Restated Pledge and
Security Agreement dated as of Feb. 17, 2015 and by the Amended and
Restated Intellectual Property Security Agreement dated as of
Feb. 17, 2015.

The Purchase Agreement and the Eighth Amendment also provide that
the Company grants registration rights to the Investors for the
Common Stock into which the Eighth Amendment Supplemental Closing
Notes may be converted and that may be issued upon exercise of the
Eighth Amendment Supplemental Warrants as provided for by the
Registration Rights Agreement dated as of April 20, 2011, as
amended June 30, 2015, by and among the Company, the HealthCor
Parties and the additional investors.

                 About CareView Communications

Headquartered in Lewisville, Texas, CareView Communications, Inc.
-- http://www.care-view.com/-- is a provider of products and
on-demand application services for the healthcare industry,
specializing in bedside video monitoring, software tools to improve
hospital communications and operations, and patient education and
entertainment packages.  Its proprietary, high-speed data network
system is the next generation of patient care monitoring that
allows real-time bedside and point-of-care video monitoring
designed to improve patient safety and overall hospital costs.  The
entertainment packages and patient education enhance the patient's
quality of stay.

CareView reported a net loss of $18.66 million in 2016 following a
net loss of $16.35 million in 2015.  As of Sept. 30, 2017, CareView
had $14.32 million in total assets, $71.54 million in total
liabilities, and a total stockholders' deficit of $57.21 million.


CENVEO INC: Taps Kirkland & Ellis as Legal Counsel
--------------------------------------------------
Cenveo, Inc., seeks approval from the U.S. Bankruptcy Court for the
Southern District of New York to hire Kirkland & Ellis LLP and
Kirkland & Ellis International LLP as its legal counsel.

The firms will advise the company and its affiliates regarding
their duties under the Bankruptcy Code; negotiate with creditors;
advise the Debtors regarding any potential sale of their assets;
assist in the preparation of a bankruptcy plan; and provide other
legal services related to their Chapter 11 cases.

Kirkland's hourly rates are:

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

The Debtors paid Kirkland an advance payment retainer in the sum of
$250,000 prior to the petition date.

Jonathan Henes, president of Jonathan S. Henes, P.C., a partner at
Kirkland, disclosed in a court filing that the firm is
"disinterested" 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.
Henes disclosed that Kirkland has not agreed to any variations
from, or alternatives to, its standard billing arrangements; and
that no Kirkland professional has varied his rate based on the
geographic location of the Debtors' cases.  

The Debtors have already approved Kirkland's budget and staffing
plan for the period February 2 to June 2, 2018, according to Mr.
Henes.

Kirkland can be reached through:

     Jonathan S. Henes, P.C.
     Joshua A. Sussberg, P.C.
     George Klidonas, Esq.
     Natasha Hwangpo, Esq.
     Kirkland & Ellis LLP
     Kirkland & Ellis International LLP
     601 Lexington Avenue
     New York, New York 10022
     Tel: (212) 446-4800
     Fax: (212) 446-4900
     E-mail: jonathan.henes@kirkland.com
             joshua.sussberg@kirkland.com
             george.klidonas@kirkland.com
             natasha.hwangpo@kirkland.com

          - and -

     James H.M. Sprayregen, P.C.
     Melissa N. Koss, Esq.
     Gregory F. Pesce, Esq.
     Kirkland & Ellis LLP
     Kirkland & Ellis International LLP
     300 North LaSalle Street
     Chicago, Illinois 60654
     Tel: (312) 862-2000
     Fax: (312) 862-2200
     E-mail: james.sprayregen@kirkland.com
             melissa.koss@kirkland.com
             gregory.pesce@kirkland.com

                          About Cenveo

Headquartered in Stamford, Connecticut, Cenveo (NASDAQ:CVO) --
http://www.cenveo.com/-- is a global provider of print and related
resources, offering world-class solutions in the areas of custom
labels, envelopes, commercial print, content management and
publisher solutions.  The Company provides a one-stop offering
through services ranging from design and content management to
fulfillment and distribution.  With a worldwide distribution
platform, the Company says it delivers quality solutions and
services every day to its more than 100,000 customers.

After reaching an agreement with holders of a majority of its first
lien debt to support a Chapter 11 plan of reorganization, Cenveo
Inc. and its domestic subsidiaries filed voluntary petitions for
reorganization under Chapter 11 of the U.S. Bankruptcy Code in
White Plains, New York (Bankr. S.D.N.Y. Lead Case No. 18-22178) on
Feb. 2, 2018.  The Chapter 11 filing does not include foreign
entities, such as those located in India.

As of Dec. 31, 2017, Cenveo disclosed total assets of $789,547,000
and total debt of $1,426,133,000.

The Debtors tapped Kirkland & Ellis LLP as counsel; Rothschild Inc.
as investment banker; Zolfo Cooper LLC as restructuring advisor;
and Prime Clerk LLC as notice, claims & balloting agent, and
administrative advisor.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors in the Debtors' cases.


CENVEO INC: Taps Prime Clerk as Administrative Advisor
------------------------------------------------------
Cenveo, Inc. seeks approval from the U.S. Bankruptcy Court for the
Southern District of New York to hire Prime Clerk, LLC as its
administrative advisor.

The firm will provide bankruptcy administration services, which
include managing and coordinating any distributions pursuant to a
Chapter 11 plan; the solicitation, balloting and tabulation of
votes; and the preparation of reports in support of the plan.

The firm's hourly rates are:

     Analyst                           $30 - $45
     Technology Consultant             $55 - $95
     Consultant/Senior Consultant     $65 - $165
     Director                        $175 - $195
     COO/Executive VP                  No charge
     Solicitation Consultant                $190
     Director of Solicitation               $210

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

Prime Clerk can be reached through:

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

                           About Cenveo

Headquartered in Stamford, Connecticut, Cenveo (NASDAQ:CVO) --
http://www.cenveo.com/-- is a global provider of print and related
resources, offering world-class solutions in the areas of custom
labels, envelopes, commercial print, content management and
publisher solutions.  The Company provides a one-stop offering
through services ranging from design and content management to
fulfillment and distribution.  With a worldwide distribution
platform, the Company says it delivers quality solutions and
services every day to its more than 100,000 customers.

After reaching an agreement with holders of a majority of its first
lien debt to support a Chapter 11 plan of reorganization, Cenveo
Inc. and its domestic subsidiaries filed voluntary petitions for
reorganization under Chapter 11 of the U.S. Bankruptcy Code in
White Plains, New York (Bankr. S.D.N.Y. Lead Case No. 18-22178) on
Feb. 2, 2018.  The Chapter 11 filing does not include foreign
entities, such as those located in India.

As of Dec. 31, 2017, Cenveo disclosed total assets of $789,547,000
and total debt of $1,426,133,000.

The Debtors tapped Kirkland & Ellis LLP as counsel; Rothschild Inc.
as investment banker; Zolfo Cooper LLC as restructuring advisor;
and Prime Clerk LLC as notice, claims & balloting agent, and
administrative advisor.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors in the Debtors' cases.


CENVEO INC: Taps Rothschild Inc. as Financial Advisor
-----------------------------------------------------
Cenveo, Inc. seeks approval from the U.S. Bankruptcy Court for the
Southern District of New York to hire Rothschild Inc. as its
financial advisor and investment banker.

The firm will assist the company and its affiliates in reviewing
their business plans and financial projections; identify or
initiate potential transactions; evaluate their debt capacity and
assist in determining an appropriate capital structure for them;
help the Debtors raise new debt or equity; participate in
negotiations; and provide other services related to their Chapter
11 cases.

The Debtors have agreed to pay Rothschild a retainer in the sum of
$650,000, and a monthly advisory fee of $150,000 starting February
1 whether or not a transaction is proposed or consummated.  

The firm will also receive a fee of $6.5 million, payable upon the
closing of a recapitalization transaction or a credit bid
transaction.

In addition, Rothschild will receive immediately upon the
consummation of a "company sale" (other than a credit bid
transaction) a fee of $8 million, plus, to the extent the aggregate
consideration involved in the sale is greater than $750 million, 2%
of such excess amount.

Meanwhile, the firm will receive immediately upon the consummation
of a "print segment sale" that does not occur in connection with a
company sale, a fee of $2.5 million, plus to the extent the
aggregate consideration involved in the print segment sale is
greater than $150 million, 3% of such excess amount.

The Debtors have also agreed to pay Rothschild a new capital fee
equal to (i) 1% of the face amount of any senior secured debt
raised; (ii) 2% of the face amount of any junior secured, senior or
subordinated unsecured debt raised; and (iii) 4% of any equity
capital, capital convertible into equity or hybrid capital raised.

Stephen Antinelli, managing director of Rothschild, disclosed in a
court filing that his firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

Rothschild can be reached through:

     Stephen Antinelli
     Rothschild Inc.
     1251 Avenue of the Americas, 33rd Floor
     New York, NY 10020
     Phone: 212-403-3500
     Fax: 212-403-3501

                           About Cenveo

Headquartered in Stamford, Connecticut, Cenveo (NASDAQ:CVO) --
http://www.cenveo.com/-- is a global provider of print and related
resources, offering world-class solutions in the areas of custom
labels, envelopes, commercial print, content management and
publisher solutions.  The Company provides a one-stop offering
through services ranging from design and content management to
fulfillment and distribution.  With a worldwide distribution
platform, the Company says it delivers quality solutions and
services every day to its more than 100,000 customers.

After reaching an agreement with holders of a majority of its first
lien debt to support a Chapter 11 plan of reorganization, Cenveo
Inc. and its domestic subsidiaries filed voluntary petitions for
reorganization under Chapter 11 of the U.S. Bankruptcy Code in
White Plains, New York (Bankr. S.D.N.Y. Lead Case No. 18-22178) on
Feb. 2, 2018.  The Chapter 11 filing does not include foreign
entities, such as those located in India.

As of Dec. 31, 2017, Cenveo disclosed total assets of $789,547,000
and total debt of $1,426,133,000.

The Debtors tapped Kirkland & Ellis LLP as counsel; Rothschild Inc.
as investment banker; Zolfo Cooper LLC as restructuring advisor;
and Prime Clerk LLC as notice, claims & balloting agent, and
administrative advisor.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors in the Debtors' cases.


CENVEO INC: Taps Zolfo Cooper as Bankruptcy Consultant
------------------------------------------------------
Cenveo, Inc., seeks approval from the U.S. Bankruptcy Court for the
Southern District of New York to hire Zolfo Cooper, LLC as its
bankruptcy consultant and special financial advisor.

The firm will advise Cenveo's management in organizing the
resources and activities of the company and its affiliates; assist
in designing and implementing programs to manage or divest the
Debtors' assets; assist in the preparation of a plan of
reorganization and business plan; help the Debtors resolve disputes
and manage the claims process; and provide other services related
to their Chapter 11 cases.

The firm's hourly rates are:

     Managing Director        $850 - $1,035
     Professional Staff       $320 - $850
     Support Personnel         $70 - $300

Zolfo Cooper received a pre-bankruptcy retainer of $150,000, an
initial advance payment of $200,000, and subsequent advance
payments from the Debtors.

Eric Koza, managing director of Zolfo Cooper, disclosed in a court
filing that his firm is a "disinterested person" as defined in
Section 101(14) of the Bankruptcy Code.

Zolfo Cooper can be reached through:

         Eric Koza  
         Zolfo Cooper, LLC
         Grace Building
         1114 Avenue of the Americas, 41st Floor
         New York, 10036 US
         Tel: +1 212 561 4000 / +1 212 561 4152
         Fax: +1 212 213 1749
         E-mail: ekoza@zolfocooper.com

                           About Cenveo

Headquartered in Stamford, Connecticut, Cenveo (NASDAQ:CVO) --
http://www.cenveo.com/-- is a global provider of print and related
resources, offering world-class solutions in the areas of custom
labels, envelopes, commercial print, content management and
publisher solutions.  The Company provides a one-stop offering
through services ranging from design and content management to
fulfillment and distribution.  With a worldwide distribution
platform, the Company says it delivers quality solutions and
services every day to its more than 100,000 customers.

After reaching an agreement with holders of a majority of its first
lien debt to support a Chapter 11 plan of reorganization, Cenveo
Inc. and its domestic subsidiaries filed voluntary petitions for
reorganization under Chapter 11 of the U.S. Bankruptcy Code in
White Plains, New York (Bankr. S.D.N.Y. Lead Case No. 18-22178) on
Feb. 2, 2018.  The Chapter 11 filing does not include foreign
entities, such as those located in India.

As of Dec. 31, 2017, Cenveo disclosed total assets of $789,547,000
and total debt of $1,426,133,000.

The Debtors tapped Kirkland & Ellis LLP as counsel; Rothschild Inc.
as investment banker; Zolfo Cooper LLC as restructuring advisor;
and Prime Clerk LLC as notice, claims & balloting agent, and
administrative advisor.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors in the Debtors' cases.


CESAR QUINONES: Court Won't Review Dec. 29 IRS Ruling
-----------------------------------------------------
Bankruptcy Judge Brian Tester entered an order denying the U.S.
Internal Revenue Service's motion for relief from order in the
adversary proceeding captioned CESAR IVAN VARGAS QUINONES,
Plaintiff, v. UNITED STATES OF AMERICA, INTERNAL REVENUE SERVICE;
COMMONWEALTH OF PUERTO RICO, DEPARTMENT OF TREASURY OF PUERTO RICO;
STATE INSURANCE FUND CORPORATION Defendant(s), Adversary No.
16-00108 (Bankr. D.P.R.).

The IRS has requested the court to reconsider its Opinion & Order
entered on Dec. 29, 2017, under Rule 9023 of the Federal Rules of
Bankruptcy Procedure. In their motion for relief from order filed
Jan. 12, 2018, the IRS asked the court to reconsider its ruling
regarding two issues of law: (1) the manner in which the IRS must
record a lien on personal property, and (2) whether Section 506 of
the Bankruptcy Code allows pre-confirmation lien stripping in the
context of a chapter 11 case.

As to the first issue of law, the IRS argues that their lien should
be attached to personal property, as well as real property, as such
liens were filed properly with the District Court of Puerto Rico.
The IRS clarifies there is no state law designating a registry for
tax liens to be filed, thus, as per 26 U.S.C. section 6323(f)(1),
filing the tax lien with the clerk of the District Court should
suffice for the tax lien to attach not only to real property but
also to personal property.

As to the second issue of law submitted for the court's
reconsideration, the IRS acknowledges the court's authority to
lien-strip, but questions its ability to do so before the
confirmation of the chapter 11 plan. In short, the IRS argues that
allowing pre-confirmation lien stripping creates the potential to
deny a secured party "the value of its claim."

Upon review, the Court holds that IRS's motion for reconsideration
fails to provide convincing reasons why the court should revisit
its Opinion. Similarly, the IRS offers no compelling facts or legal
grounds in support of repealing the court's prior decision. The IRS
fails to present newly discovered evidence or any intervening
change in law. Rather, in disagreeing with the court's Opinion, the
IRS attempts to either confuse the court as to the liens over which
the Opinion ruled upon, or to raise new arguments regarding their
view on pre-confirmation lien stripping. For these reasons, the
IRS's arguments do not warrant reconsideration by the court.

The bankruptcy case is in re: CESAR IVAN VARGAS  QUINONES, Chapter
11, Debtor(s), Case No. 14-09404 BKT (Bankr. D.P.R.).

A full-text copy of Judge Tester's Opinion and Order dated Feb. 13,
2018 is available at https://is.gd/kHaseK from Leagle.com.

CESAR I VARGAS QUINONEZ, Plaintiff, represented by EDUARDO J.
CAPDEVILA DIAZ , GARCIA ARREGUI & FULLANA PSC & ISABEL M. FULLANA ,
GARCIA ARREGUI & FULLANA PSC.

United States Of America, United States of America, Defendant,
represented by Kieran O. Carter -- Kieran.O.Carter@usdoj.gov --
Department of Justice, Tax Division & Nelson Wagner, U.S.
Department of Justice, Tax Division.

INTERNAL REVENUE SERVICE, Defendant, represented by Kieran O.
Carter, Department of Justice, Tax Division.

COMMONWEALTH OF PUERTO RICO & Department of the Treasury of Puerto
Rico, Department Of The Treasury for the Commonwealth of Puerto
Rico, Defendants, represented by MIGDA L. RODRIGUEZ COLLAZO,
DEPARTMENT OF JUSTICE.

CORPORACION DEL FONDO DEL SEGURO DEL ESTADO, State Insurance fund
Corporation, Defendant, pro se.

Based in San Juan, Puerto Rico Cesar I Vargas Quinones aka Cesar
Ivan Vargas Quinones filed for Chapter 11 bankruptcy protection
(Bankr. D.P.R. Case No.: 09-05248) on June 29, 2009, with estimated
assets of $1,000,001 to $10,000,000 and estimated assets of
$1,000,001 to $10,000,000. The petition was signed by Mr. Quinones.


CHARLES K. BRELAND: Ct. Rejects Trustee Bid to Approve Compromise
-----------------------------------------------------------------
In the bankruptcy cases captioned In re: CHARLES K. BRELAND, JR.,
Chapter 11, Debtor; In re: OSPREY UTAH, LLC, Chapter 11, Debtor,
Case Nos. 16-2272-JCO, 16-2270-JCO (Bankr. S.D. Ala.), Judge Jerry
C. Oldshue of the U.S. Bankruptcy Court for the Southern District
of Alabama denied without prejudice the Trustee's motion to approve
comprise under Rule 0919.

The matter came before the Court on Nov. 13, 2017, for an
evidentiary hearing on the Trustee's motion and Debtor's response
in opposition to the motion.

The proposed settlement consists of two parts: the first part is in
regard to real property interests in Carbon and Emery Counties,
Utah, which Debtor holds jointly with creditor Levada EF Five, LLC.
These real property interests are listed as assets in Osprey Utah,
LLC's Schedule A/B. The second part consists of two appeals pending
before the Eleventh Circuit and an Adversary Proceeding pending
before this Court, all three of which the Trustee proposes be
dismissed with prejudice due to the Lawsuits' negative value to the
Estate.

Having considered the record before it, the motions and responses,
the evidence presented at the hearing, and the arguments of the
parties, the Court finds that the Trustee failed to carry his
burden of proof in order for the Court to approve the motion in
toto. To be clear, the Court is not making a finding that the
concept of settling these matters is unwarranted under the
circumstances, but only that the Trustee did not submit sufficient
evidence to prove a settlement under these terms meets the minimum
standards of reasonableness.

If the Trustee believes that it is in the best interest of the
Bankruptcy Estate to continue to pursue a resolution of these
matters, the Court encourages the Trustee to address the motion's
deficiencies as and subsequently provide the Court with sufficient
evidence of thorough marketing and an accurate assessment of the
value of all aspects of a proposed settlement in any future motion.
So that there will be no confusion among the parties as to the res
judicata effect of any of the findings in this order, the Trustee's
motion is denied without prejudice.

A full-text copy of Judge Oldshue's Memorandum Opinion and Order
dated Feb. 14, 2018 is available at https://is.gd/rQMejc from
Leagle.com.

Charles K. Breland, Jr., Debtor, represented by Algert S. Agricola
-- aagricola@rdafirm.com -- Ryals, Donaldson & Agricola, PC, Daniel
Grant Blackburn, Jr., Richard M. Gaal, McDowell --
rgaal@mcdowellknight.com -- Knight, Roedder & Sledge, Robert M.
Galloway -- bgalloway@gallowayllp.com -- Galloway Wettermark
Everest & Rutens & J. Willis Garrett.

BANKRUPTCY ADMINISTRATOR, Trustee, represented by Mark S. Zimlich,
U.S. Bankruptcy Administrator.

A. R. Maples, Jr., Trustee, represented by Gilbert Fontenot  --
guslf100@aol.com

A. R. Maples, Jr., Trustee, pro se.

                     About Charles Breland Jr.

Charles K. Breland filed for Chapter 11 bankruptcy protection
(Bankr. S.D. Ala. Case No. 16-02272) on July 8, 2016, and is
represented by Eric Slocum Sparks, Esq. of Eric Slocum Sparks PC.
A. Richard Maples, Jr. was appointed as Chapter 11 trustee for the
Debtor.


CHEMOURS COMPANY: Risk Steps Up With PFC litigation, Moody's Says
-----------------------------------------------------------------
In a report out Moody's Investors Service says there is a
heightened level of litigation risk to both The Chemours Company,
(Ba2, Stable) and E.I. du Pont de Nemours and Company (A3, negative
outlook) stemming from new litigation filed in North Carolina and
Ohio; as well as other recent events associated with
perfluorochemicals (or PFCs), a family of chemicals used for
decades to process fluoroproducts. Moody's views these developments
as negative to the credit profiles of both companies but there is
no impact on ratings at this time.

Chemours Company (The), headquartered in Wilmington, Delaware, is a
leading global provider of performance chemicals through three
reporting segments: Titanium Technologies, Fluoroproducts and
Chemical Solutions. Revenues for the last twelve months ended
December 31, 2017, were roughly $6.2 Billion.

Headquartered in Wilmington, Delaware, E.I. du Pont de Nemours and
Company (DuPont) is one of the largest US and global chemical
companies with a diverse portfolio of specialty materials,
chemicals, polymers and agricultural products. The company reported
$24.3 billion of revenues for the twelve months ended December 31,
2017.


CHESTER MARINA: Taps Klein & Associates as Legal Counsel
--------------------------------------------------------
Chester Marina, LLC, filed anew an application to hire Klein &
Associates, LLC as legal counsel in connection with its Chapter 11
case.

The U.S. Bankruptcy Court for the District of Maryland had
previously denied the Debtor's earlier application to employ the
Annapolis-based law firm due to incorrect information in the
filing.  

Klein & Associates will advise the Debtor regarding its duties
under the Bankruptcy Code and will provide other legal services
related to its bankruptcy case.

The Debtor paid the firm the sum of $9,217.  The firm drew down
$1,825 to cover for pre-bankruptcy services in connection with the
preparation and filing of the Debtor's case, and $1,717 for the
filing fee.  Any further draw down or payment to the firm is
subject to court approval.

Klein & Associates is a "disinterested person" as defined in
Section 101(14) of the Bankruptcy Code, according to court
filings.

The firm can be reached through:

         Diana L. Klein, Esq.
         KLEIN & ASSOCIATES, LLC
         2450 Riva Road, Suite 200
         Annapolis, MD 21401
         Phone: (443) 569-4574
         E-mail: diana@klein-lawfirm.com

                      About Chester Marina

Chester Marina LLC is a privately-held company in Bethany Beach,
Delaware, engaged in the real estate business.  It owns a real
property located at 319 Chester Avenue, Annapolis, Maryland, valued
by the company at $1.8 million.

Chester Marina filed a Chapter 11 petition (Bankr. D. Md. Case No.
17-24160) on Oct. 24, 2017.  In the petition signed by Michael
Daniels, managing member, the Debtor disclosed $1.8 million in
assets and $1.76 million in liabilities.  The Hon. David E. Rice
presides over the case.  Klein & Associates, LLC, is the Debtor's
legal counsel.


CITGO HOLDING: Fitch Affirms CCC IDR; Off Ratings Watch Neg.
------------------------------------------------------------
Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of
CITGO Petroleum Corporation (Opco) at 'B' and CITGO Holding Inc.
(Holdco) at 'CCC'. In addition, Fitch has removed the ratings from
Rating Watch Negative (RWN) and assigned a Stable Outlook. Fitch
has also upgraded all senior secured debt ratings at Holdco to
'B'/'RR1' from 'B-'/'RR2' based on lower debt balances and stronger
expected recoveries. The main driver for actions is the company's
expected successful refinancing of its 2018 Holdco Term Loan, which
was the key near-term refinancing risk.

CITGO's ratings are supported by quality refining assets, modest
capex requirements, CITGO's actions to address near-term
refinancing risk, and a robust macro environment for refiners.
Rating concerns are material and revolve around linkage to
financially stressed ultimate parent PDVSA (LT IDR: RD) as it
relates to potential change of control issues, and future
refinancing risk, insofar as contagion from PDVSA could impact the
willingness of investors to refinance existing debt at CITGO. The
'CCC' rating at Holdco reflects the fact that Holdco will continue
to face significant refinancing risk, and in less than two years
could face another challenging refinancing when the 2020 Holdco
notes come due in an upsized amount ($1.875 billion). This could be
exacerbated by any changes in distribution policies, for example if
more cash were retained at the Opco level or otherwise stopped
being trapped at Holdco.

Transaction Summary:

CITGO repaid the remaining $590 million balance of its Holdco Term
Loan due May 2018 using a combination of $215 million in
non-restricted cash, which had had built up at the Holdco level,
and $375 million in new notes. The notes were $375 million due in
2020 10.75% notes, which were sold in a direct placement offering
to Holdco's existing 10.75% noteholders. The sale was allowed under
an 'additional notes' provision under the existing indenture for
the notes. Proceeds of $375 million plus the existing $215 million
in cash were used to retire the full amount of the Term Loan.
Following the transaction, the next maturity due at the Holdco
level is 2020.

KEY RATING DRIVERS

Refinancing Lowers Near Term Risk: The refinancing of CITGO
Holding's 2018 Term Loan has stabilized the near-term outlook for
the credit, as uncertainty surrounding the Term Loan's refinancing
was the main driver behind Fitch's previous placement on RWN. CITGO
completed the transaction using an 'additional notes' provision
under the existing indenture for its 10.75% notes. The new notes,
which were made under a 144a offering to existing noteholders, have
the same 10.75% coupon, the same CUSIP, the same maturity date, and
the same shared security as the existing notes. The refinancing
reduced net leverage at the Holdco level by approximately $215
million.

Sanctions Impact Manageable: The ongoing impact of U.S. sanctions
against Venezuela has had a material but manageable impact on
CITGO. On an operations level, CITGO continues to run its refining
system with a majority of non-Venezuelan crudes, including U.S.,
Canadian heavy, West African, and other South American crudes.
Fitch would note that the company already sources most of its crude
on the open market from third parties (78% from third parties at
Sept. 30, 2017). The current crude supply agreement allows for up
to 310kbpd of crude sales from Venezuela, subject to availability,
although actual quantities lifted from PDVSA fell well below that
level. The Trump administration is reportedly considering new
sanctions against Venezuela, which could potentially cut off oil
imports. It is unclear if these measures would come to pass given
they could raise gasoline prices; however, Fitch believes the
direct impact on CITGO should be modest, as Fitch believes CITGO
could find adequate third party supply with limited economic
impact.

Change of Control Risks: In the case of a default on the PDVSA
senior notes due 2020, foreclosure on the equity collateral (Citgo
Holding stock) would likely trigger change of control provisions in
CITGO's existing debt. If unable to obtain sufficient consents from
lenders, Citgo would be obligated to make an offer to repurchase
outstanding senior notes at 101. The company would have a 90-day
repurchase window (complete offer within 30 days, complete
transaction 60 days subsequent), providing some time to refinance
the notes or otherwise raise sufficient liquidity. Citgo Holding's
Term Loan had a significantly stricter three day requirement for
repayment following a change in control, but has now been repaid. A
change in control would constitute an event of default under Citgo
Petroleum's revolving credit agreement and term loan. Lenders would
have the option to accelerate the loans or provide change of
control consent.

While Fitch believes Citgo would likely have the ability to either
obtain lender consents or refinance the existing debt package,
external events including capital market shocks or difficulty
reaching consensus amongst a diverse bondholder group could impair
the company's ability to do so within the applicable repurchase
windows.

PDVSA Ownership Key Rating Constraint: There is a relatively strong
operational linkage between CITGO and PDVSA (Long-Term Foreign and
Local Currency IDRs RD). This relationship is evidenced by a
history of use of CITGO as a source of dividends to its parent,
frequent placement of PDVSA personnel into CITGO executive
positions, control of CITGO's board by its parent, and existence of
a crude oil supply agreement. However, there are important legal
and structural separations between the two entities. CITGO is a
Delaware corporation with U.S. domiciled assets and is separated
from PDVSA by two Delaware C-Corps, CITGO Holding, Inc., and PDV
Holding Inc. The most important factor justifying the rating
notching between CITGO and PDVSA is the strong covenant protections
in CITGO's secured debt, which limit the ability of the parent to
dilute CITGO's credit quality. Key covenants include limitations on
guarantees to affiliates, restrictions on dividends to CITGO
Holding and PDVSA, asset sales, and incurrence of additional
indebtedness. CITGO Petroleum debt has no guarantees or
cross-default provisions related to either PDVSA debt or CITGO
Holding debt.

Good Refining Assets and Positioning: CITGO owns and operates three
large, high-quality refineries, providing sufficient economies of
scale to compete with larger tier-one refiners. Positioning in the
Midwest and Gulf Coast provides access to a variety of crudes,
including U.S. sweet crudes, Canadian heavies, and heavy sour
imports at the Gulf. CITGO's refineries have above-average
complexity, including substantial coking capacity, allowing for
conversion of discounted heavier and sour crudes into higher-value
products. Coking capacity in particular is important for sustaining
profitability now that the U.S. crude export ban has been lifted,
and is expected to benefit from new IMO regulations in 2020, which
limit the ability of marine vessels to burn residual fuel oil.
CITGO's footprint on the Gulf coast allows favorable access to
export markets, which is an important component in maintaining
competitive gross margins relative to peers. The overall refining
environment remains benign, and Fitch expects 2017 performance will
be relatively robust driven by solid refining fundamentals
including strong product demand, good crack spreads, and benefits
associated with recent U.S. tax reform.

CITGO HOLDING:
Debt Supported by CITGO Petroleum Cash Flow: Ratings for CITGO
Holding reflect heightened refinance/probability of default risk,
structural subordination and a reliance on CITGO Petroleum to
provide dividends for debt service. Dividends from CITGO Petroleum
provide the majority of debt service capacity at CITGO Holding, and
are driven primarily by refining economics and the restricted
payments basket. As part of the 2015 financing, CITGO Holding
purchased $750 million in logistics assets from CITGO Petroleum,
which have recently provided approximately $40 million in EBITDA at
CITGO Holding available for interest payments. These logistics
assets are pledged as collateral under the CITGO Holding debt
package. Following the refinancing of the Holdco Term Loan, Holdco
faces another potentially more significant refinancing exercise
again in 2020 when its upsized 10.75% notes come due.

DERIVATION SUMMARY

At 749,000 bbl/d day of refining capacity, CITGO is smaller than
investment grade refiners MPC (1.8 million bbl/d), VLO (2.7 million
bbl/d), PSX (2.1 million bbl/d), and Andeavor (1.2 million bbl/d).
CITGO also lacks diversification from ancillary businesses that
these peers do, primarily logistics MLPs. However, given CITGO's
relatively strong asset footprint, cash flow potential, and size,
Fitch informally estimates that, on a stand-alone basis with no
parental rating constraints, CITGO could be rated significantly
higher than its current rating.

KEY ASSUMPTIONS

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

-- CITGO capex of $266 million in 2017 and $350 million per year
    across the remainder of the forecast;
-- Regional crack spreads declining to mean inflation-adjusted
    levels over the forecast horizon;
-- Long-run refining gross margin of $9-$10/bbl;
-- No material increases in corporate SG&A and refining opex/bbl;
-- CITGO Petroleum pays nearly all of its net income to CITGO
    Holdings.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to
Positive Rating Action
CITGO Petroleum

-- Change in ownership to a higher-rated parent, or changes
    leading to a stand-alone credit analysis;
-- Improved ratings at PDVSA given the explicit ratings linkage;
-- Stronger structural separations between CITGO and PDVSA
    leading to a wider notching rationale between the two.
    CITGO Holding
-- Change in ownership to a higher-rated parent, or structural
    changes leading to a stand-alone credit analysis.

Developments That May, Individually or Collectively, Lead to
Negative Rating Action
CITGO Petroleum

-- Weakening or elimination of key covenant protections in the
    CITGO senior secured debt documents;
-- Inability to refinance debt;
-- A sustained operational problem at one or more refineries
    leading to impaired cash flow forecasts and credit metrics.
    CITGO Holding
-- Weakening or elimination of key covenant protections in CITGO
    Holding senior secured debt documents;
-- Inability to refinance debt;
-- Operational problems or weakening long-run fundamentals at
    CITGO that negatively affect the dividend stream to CITGO
    Holdings.

LIQUIDITY

CITGO Petroleum At Sept. 30, 2017, CITGO Petroleum had
approximately $1.2 billion in available liquidity, consisting of
$895 million in revolver availability, $229 million in cash and $70
million in availability on the accounts receivable facility. Fitch
believes this will be adequate for near-term liquidity requirements
in the ordinary course of business, which would consist primarily
of working capital needs following another large move in crude or
product prices. Fitch expects that capex, dividends and other calls
on liquidity will be funded with operating cash flow. CITGO
Petroleum's next maturity due is its revolver (2019), followed by
its term loan B (2021).

CITGO Holding Following the proposed refinancing of the Holdco TL,
total cash at CITGO Holdco is expected to be approximately $230
million (of which, $30 million is unrestricted). If a change of
control occurs, CITGO Holding would be required to make an offer to
purchase its 10.75% and 6.25% senior secured notes.

STRONG RECOVERY: The recovery analysis was based on the maximum of
going concern and liquidation value. For liquidation value, Fitch
used standard haircuts for the company's A/R, after adjusting for
receivables that were associated with the company's securitization
program. Fitch used a relatively light discount of 25% for
inventories, based on the fact that crude and refined products are
easily re-sellable to peer refiners, traders or wholesalers. Fitch
also used a relatively light discount for CITGO's net PP&E, based
on a review of historical refining transactions. These items summed
to a total liquidation value of $4.54 billion.

Our going concern valuation for CITGO was $5.0 billion, comprised
of Fitch run-rate EBITDA of $1.0 billion times a 5.0x multiple. The
5.0x multiple reflects the fact that while CITGO's parent has run
the assets to maximize free cash flow and dividends over the last
several years, historical transactions for higher quality, high
complexity refineries on the Gulf coast have occurred at robust
levels. Fitch would expect there would be strong interest in these
assets, regardless of whether they required incremental capex. The
maximum of these two approaches was the going concern approach of
$5.0 billion.

A standard waterfall approach was then applied. Subtracting 10% for
administrative claims, resulted in an adjusted EV of $4.5 billion,
which resulted in 100% recovery (RR1) for CITGO Petroleum's secured
revolver, TL, and notes. A residual value of approximately $2.2
billion remained after this exercise. This was applied in a second
waterfall at CITGO Holdco, whose debt is subordinated to that of
CITGO Petroleum insofar as dividends after debt service at
Petroleum are used to service debt at Holdco. The $2.2 billion was
added to approximately $380 million in going concern value
associated with the Midstream assets at Holdco for total initial
value of $2.59 billion. After deductions for administrative claims,
Holdco secured debt recovered at the 100% (RR1) level as well.

FULL LIST OF RATING ACTIONS

Fitch has taken the following rating actions:

CITGO Petroleum Corp.
-- Long-Term IDR affirmed at 'B';
-- Senior secured revolver affirmed at 'BB'/'RR1';
-- Senior secured term loan affirmed at 'BB'/'RR1';
-- Senior secured notes affirmed at 'BB'/'RR1';
-- Fixed rate industrial revenue bonds affirmed at 'BB'/'RR1'.

CITGO Holding Inc.
-- Long-term IDR affirmed at 'CCC';
-- Senior secured term loan upgraded to 'B'/'RR1' from 'B-
    '/'RR2';
-- Senior secured notes upgraded to 'B'/'RR1' from 'B-'/'RR2'.

The ratings have been removed from Rating Watch Negative and
assigned a Stable Outlook for both entities.


CLUB VILLAGE: April 3 Plan Confirmation Hearing Set
---------------------------------------------------
Judge Paul G. Hyman, Jr., of the U.S. Bankruptcy Court for the
Southern District of Florida has approved the disclosure statement
explaining Club Village, LLC's plan and will convene on April 3,
2018, at 1:30 p.m., a hearing to consider confirmation of the plan
and approval of fee applications.

Deadline for filing fee applications is March 13, 2018.

Deadline for filing objections to confirmation is March 20.

As previously reported by The Troubled Company Reporter, the Plan
will be funded primarily by the sale proceeds received from the
sale of substantially all of the assets of the debtor, and any
additional cash held by the debtor as of the date of the
confirmation hearing. The debtor's and Frederick Anthony DeFalco's
liabilities to CF SBC Pledgor 1 2012-1 were satisfied from the
proceeds of the sale of substantially all of the debtor's assets.
After administrative expenses and priority claims are paid, the
debtor will distribute the remaining proceeds to general unsecured
creditors pro rata. The debtor estimates the aggregate amount of
general unsecured claims totals $110,377.17.

A full-text copy of Club Village's disclosure statement is
available at:

         http://bankrupt.com/misc/flsb16-2149-230.pdf

                       About Club Village

Club Village, LLC, a single asset real estate business based in
1601 NW 13 St., Boca Raton, Florida, filed a Chapter 11 petition
(Bankr. S.D. Fla. Case No. 16-21497) on Aug. 22, 2016.  The
petition was signed by Fred DeFalco, managing member.  The case is
assigned to Judge Erik P. Kimball.  The Debtor disclosed total
assets at $11.5 million and total debts at $11.2 million.

Aaron A. Wernick, Esq., at Furr & Cohen, is the Debtor's bankruptcy
counsel.  The Debtor engaged Andrew Sodl, Esq., at Akerman LLP as
special counsel; and Paul Rubin, EA, Mtax and Rubin & Associates,
CPA Firm, PA, as accountants.

No trustee, examiner or statutory committee has been appointed in
the Debtor's case.


COLORADO NATIONAL: Taps Raymond Natter as Expert Witness
--------------------------------------------------------
Colorado National Bancorp seeks approval from the U.S. Bankruptcy
Court for the District of Colorado to hire an expert witness in
connection with the proposed sale of its stock in Colorado National
Bank.

The Debtor proposes to employ Raymond Natter, a partner at Barnett,
to provide expert testimony at any court hearing in connection with
the sale.

Mr. Natter will charge $925 per hour for his services.

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

The firm can be reached through:

     Raymond Natter
     Barnett, Sivon & Natter P.C.
     2550 M St. NW, 8th Floor
     Washington, D.C. 20037
     Phone: (202) 463-6040
     Fax: (202) 785-5209
     E-mail: rnatter@barnett-sivon.com

                  About Colorado National Bancorp

Colorado National Bancorp, formerly known as Community Bank
Partners Inc., operates as a bank holding company for Colorado
National Bank that provides banking products and services to
businesses and consumers in Colorado and surrounding states.  It
was incorporated in 2009 and is based in Denver, Colorado.

Colorado National Bancorp sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Colo. Case No. 17-20315) on Nov. 8,
2017.  In the petition signed by CEO Scott D. Jackson, the Debtor
estimated assets and liabilities of $1 million to $10 million.  

Judge Elizabeth E. Brown presides over the case.  

Shapiro Bieging Barber Otteson LLP is the Debtor's counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors on Nov. 16, 2017.  The Committee retained
Markus Williams Young & Zimmermann LLC as its bankruptcy counsel;
Vining Sparks Community Bank Advisory Group as financial advisor;
and Shapiro Bieging Barber Otteson LLP as special counsel.


COMSTOCK RESOURCES: Posts $111.4 Million Net Loss for 2017
----------------------------------------------------------
Comstock Resources, Inc. filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting a net loss of
$111.40 million on $255.33 million of total oil and gas sales for
the year ended Dec. 31, 2017, compared to a net loss of $135.13
million on $175.70 million of total oil and gas sales for the year
ended Dec. 31, 2016.

As of Dec. 31, 2017, Comstock Resources had $930.41 million in
total assets, $1.29 billion in total liabilities and a total
stockholders' deficit of $369.27 million.

Comstock produced 22 billion cubic feet of natural gas and 214,000
barrels of oil or 23.5 billion cubic feet of natural gas equivalent
in the fourth quarter of 2017.  Natural gas production averaged 241
million cubic feet per day, reflecting growth of 90% from pro forma
natural gas production in the fourth quarter of 2016 (excluding the
divestitures completed in 2016).  The growth in natural gas
production was driven by Comstock's successful Haynesville shale
drilling program.  

Oil and natural gas prices improved in the fourth quarter of 2017.
Comstock's average realized natural gas price, including hedging
gains, increased 3% to $2.94 per Mcf in the fourth quarter of 2017
as compared to $2.85 per Mcf realized in the fourth quarter of
2016.  The Company's average realized oil price increased by 23% to
$56.48 per barrel in the fourth quarter of 2017 as compared to
$45.96 per barrel in the fourth quarter of 2016.  The higher
realized prices and the growth in natural gas production caused oil
and gas sales to increase by 59% in the fourth quarter of 2017 to
$77.3 million (including realized hedging gains) as compared to
2016's fourth quarter sales of $48.5 million.  EBITDAX, or earnings
before interest, taxes, depreciation, depletion, amortization,
exploration expense and other noncash expenses, was $56.0 million
in the fourth quarter of 2017, an increase of 105% over EBITDAX of
$27.2 million generated in the fourth quarter of 2016.  Operating
cash flow generated in the fourth quarter of 2017 was $37.6 million
as compared to operating cash flow of $9.2 million in the fourth
quarter of 2016.

The results for the year ended Dec. 31, 2017 include an unrealized
gain from derivative financial instruments of $7.3 million,
impairments and loss on sale of oil and gas properties of $45.0
million, $35.7 million of non-cash interest expense associated with
the discounts recognized and costs incurred on the debt exchange
that occurred in 2016 and the $19.1 million benefit due to the new
U.S. federal tax law change.  Financial results for the year ended
Dec. 31, 2016 include impairments on oil and gas properties and
unevaluated leases and losses realized from divestitures of $125.5
million, an unrealized loss from derivative financial instruments
of $7.5 million, an income tax charge to reflect a change in state
law of $7.2 million, and a gain of $176.5 million from
extinguishment of debt, less the amortization of the original issue
discount from the notes issued in the debt exchange completed in
September 2016.  Excluding these items from results for each
period, the net loss for the year ended Dec. 31, 2017 would have
been $57.1 million or $3.90 per share as compared to a net loss of
$171.4 million, or $14.61 per share in the year ended Dec. 31,
2016.

Comstock reported a net loss of $42.3 million or $2.86 per share
for the fourth quarter of 2017 as compared to a net loss of $54.9
million or $4.48 per share for the fourth quarter of 2016.  The
loss included several unusual items including an impairment charge
of $44.0 million, primarily of the Company's South Texas oil
properties which are held for sale, $10.9 million of non-cash
interest expense associated with the discounts recognized and costs
incurred on the debt exchange that occurred in 2016, an unrealized
loss from derivative financial instruments of $1.9 million and a
$19.1 million income tax benefit due to the new U.S. federal income
tax law.  Financial results for the fourth quarter of 2016 included
impairments on oil and gas properties and unevaluated leases and
losses realized from divestitures of $2.8 million, an unrealized
loss from derivative financial instruments of $6.0 million, an
income tax charge to reflect a change in state law of $3.4 million,
and charges associated with the debt exchange totaling $11.1
million.  Excluding these items from each year's results, the net
loss for the fourth quarter of 2017 would have been $4.6 million or
$0.31 per share as compared to a net loss of $31.6 million or $2.58
per share in the fourth quarter of 2016.

Comstock produced 73.5 billion cubic feet of natural gas and
951,000 barrels of oil or 79 billion cubic feet of natural gas
equivalent in the year ended Dec. 31, 2017 compared to 54 Bcf of
natural gas and 1.4 million barrels of oil or 62 Bcfe in 2016.
Natural gas production averaged 201 million cubic feet per day in
2017, an increase of 46% over pro forma 2016 natural gas
production, excluding the divestitures completed in 2016.  Oil
production in 2017 declined by 31% from 2016.

Comstock's average realized natural gas price, including hedging
gains, increased 28% to $2.97 per Mcf in the 2017 as compared to
$2.32 per Mcf realized in 2016.  The Company's average realized oil
price increased by 28% to $49.02 per barrel in the year ended Dec.
31, 2017 as compared to $38.24 per barrel in the year ended Dec.
31, 2016.  The higher realized prices and the growth in natural gas
production caused oil and gas sales to increase by 49% to $264.7
million (including realized hedging gains) as compared to $177.8
million in the year ended Dec. 31, 2016.  EBITDAX of $184.3 million
in the year ended Dec. 31, 2017 was 103% higher than the EBITDAX of
$90.9 million generated in the year ended
Dec. 31, 2016.  Operating cash flow generated in the year ended
December 31, 2017 was $111.7 million as compared to an operating
cash flow deficit of $8.2 million in the year ended Dec. 31, 2016.

In order to protect returns for the previously reported $170
million Haynesville shale drilling program in 2018, the Company
has, in the aggregate, hedged 42 million cubic feet per day of its
first quarter production at a NYMEX equivalent of $3.26 per Mcf and
60 million cubic feet of second through fourth quarter production
at a NYMEX equivalent of $3.00 per Mcf.  Comstock will continue to
add to these positions.

                        2017 Drilling Results

During 2017, Comstock spent $178.8 million on its development and
exploration activities and drilled 30 horizontal natural gas wells
(15.7 net) and had four operated wells (1.5 net) drilling at Dec.
31, 2017.  Since the last operational update, Comstock has
completed six operated Haynesville shale wells.  The two Derrick
wells drilled in the Logansport area of DeSoto Parish set a new
corporate record with both wells exceeding 6.5 MMcf per day per
1,000 feet of completed lateral.  The Derrick 21 #2 well was
drilled to vertical depth of 11,957 feet with a 4,549 foot lateral
and the Derrick 21 #3 well was drilled to a total vertical depth of
11,942 feet with a 4,552 foot lateral.  Both wells were each tested
with an initial production rate of 30 MMcf per day.    Comstock
also reported results of its first two joint venture wells drilled
in Caddo Parish, Louisiana.  The Hunter 28-21 #1 was drilled to a
total vertical depth of 11,182 feet with a 9,301 foot lateral and
the Hunter 28-21 #2 well was drilled to a total vertical depth of
11,088 feet with a 9,135 foot lateral.  Both wells were each tested
with an initial production rate of 27 MMcf per day.  Comstock also
had two wells, the Bogle 36-1 #1 and #2 in DeSoto Parish,
Louisiana, which were successful but their initial rates had to be
limited due to certain operational constraints. The Bogle 36-1 #1
with a 7,818 completed lateral was tested at 16 MMcf per day and
the Bogle 36-1 #2 with a 5,228 completed lateral was tested at 14
MMcf per day.

Comstock also announced a successful Bossier well drilled in Sabine
Parish, Louisiana.  The BSMC LA 18-7 #1 well was drilled to a total
vertical depth of 11,219 feet with a 7,489 foot lateral.  This well
was tested with an initial production rate of 21 MMcf per day.

Comstock is currently performing frac operations on the Florsheim
9-16 #1 and the Florsheim 9-16 #2 wells which have 9,400 foot
laterals and the BSMC 13-24 #1 and BSMC 13-24 #3 Bossier shale
wells that have approximately 9,800 foot laterals.  Comstock also
has an additional five wells in various stages of completion and
has an additional two Haynesville shale horizontal wells waiting to
be completed.  

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

                      https://is.gd/M7nOKI

                    About Comstock Resources

CComstock Resources, Inc., is an independent energy company based
in Frisco, Texas and is engaged in oil and gas acquisitions,
exploration and development primarily in Texas and Louisiana.  The
Company's stock is traded on the New York Stock Exchange under the
symbol CRK.


CORECIVIC INC: Fitch Affirms BB+ Long-Term IDR; Outlook Stable
--------------------------------------------------------------
Fitch Ratings has affirmed the ratings of CoreCivic, Inc. (CXW),
including its Long-Term Issuer Default Rating (IDR) at 'BB+'. The
Rating Outlook is Stable.  

KEY RATING DRIVERS

Fitch's rating reflects CXW's good credit metrics offset by flat
occupancy rates and margins. CXW's revenue growth has been muted
despite a favorable political administration and increased
enforcement of immigration laws. Even as retention/renewal rates
remain high on expiring contracts, a number of select large
contract losses and renegotiations, in particular the contract for
the company's South Texas Family Residential Center (STFRC), led to
lower revenue for full year 2017 versus the previous two years.
Fitch expects only modest EBITDA growth over next several years.
Margins also continue to compress as the company struggles to
maintain similar profitability on its new and renewed contracts.

Good Financial Metrics, Albeit Weaker Than Historicals: CXW's
leverage, which is low relative to Fitch's rated U.S. REIT
universe, but in-line with broader corporates at the same rating
level. Leverage has risen to 3.6x for the year ended Dec. 31, 2017,
from 3.3x from the prior year as the full impact of the
renegotiated STFRC contract has been felt in top-line revenues.
Absent delevering common equity issuance, which Fitch views as
unlikely given the recent decline in the company's stock price,
Fitch expects the company will have difficulty lowering leverage
below the mid-3x through the forecast period as any newly awarded
contracts could be largely offset by expiring Bureau of Prisons
(BOP) contracts and declining revenues from California's
out-of-state inmate population.

CXW maintains a high fixed charge coverage at 5.7x for the TTM
ended Dec. 31, 2017, and Fitch projects that coverage will remain
strong but decline steadily toward the low-5x's through the rating
horizon as the company issues unsecured bonds to pay down its
revolver and finance growth capex.

Occupancies, Margins Lower but Expected to Stabilize: Average
compensated occupancy declined every year from 2007 to 2016 before
recovering slightly in 2017 to 79.6%. Occupancy has remained well
below the company's target range even when factoring in CXW's
desire to maintain a certain level of vacancy in order to meet
future demand. Vacant beds have grown by more than 5,600 since 2012
even as CXW's average available bed capacity has fallen by more
than 11,000 beds.

CXW has lost several contracts in recent years, some by choice, and
has been unable to recoup the occupancy losses even as an
immigration crackdown has dramatically increased the level of
detention by federal agencies under the Department of Homeland
Security. Expanded Immigration and Customs Enforcement (ICE)
operations throughout the country have prevented a steeper decline
in CXW's revenues and ICE activity has held occupancy steady in
recent months, but longer-term correctional trends are shifting
away from imprisonment of non-violent offenders and toward
rehabilitation and re-entry for minor drug offenses and other
misdemeanors.

Fitch expects margins to stabilize at current levels after a
challenging 2017 that included the late-2016 renegotiation of the
STFRC contract. Margins had been trending lower in recent years but
have levelled off near 28% over the last three years for all
facilities. Margins at the company's managed only facilities were
most impacted in 2017 falling to 8.9% from 10.6% the prior year
leading to a combined margin of 27.7% in 2017 for all facilities
versus 28.1% in 2016.

Solid Competitive Position: Public prisons are generally
overcrowded, and the supply of new public prisons has been modest
over the past decade. The cost for states to build, operate or
repair facilities remains significantly higher than those of the
private operators. CXW was awarded a 20-year noncancelable lease
agreement by the State of Kansas in January 2018 to build a 400,000
square foot correctional facility to replace the state's existing
facility, indicative of incremental demand and increased creativity
on behalf of states to address their correction needs.

The private sector prison industry accounts for approximately 10%
of the federal inmates held in the custody of the BOP and about 18%
of the population in the custody of the U.S. Marshals. However,
private facilities are estimated to house nearly half of the 57,000
ICE detainees, which explains why ICE has continued to grow as a
portion of the overall private sector revenue base as the crackdown
on immigration has led to a spike in detainees and an increased
need for private detention capacity. CXW, the market leader,
controls an estimated 42% of all private prison beds while its
largest competitor, The GEO Group, Inc. (GEO), controls an
estimated 37% of private prison beds.

Relatively high barriers to entry exist for other potential
competitors, essentially forming a duopoly for private prison and
detention contracts. Despite slight declines in federal prison
populations in four consecutive years (2014-2017) for the first
time in over 40 years, Fitch expects that U.S. private correctional
facilities will likely continue to be a necessary part of the
correctional system for the foreseeable future while federal bodies
like ICE and the U.S. Marshals operate few to none of their own
facilities.

Limited Real Estate Value: CXW's correctional real estate holdings
provide negligible credit support. There are limited to no
alternative uses of prisons and the properties are often in rural
areas. The company has never obtained a mortgage on any of its
owned prison properties, exhibiting a lack of contingent liquidity,
and there is not a deep property transaction market for this asset
class. However, the facilities do provide essential governmental
services, so there is inherent value in the properties.
Additionally, prisons have a long depreciable life of 50 years with
a practical useful life of approximately 75 years. CXW has a young
owned portfolio with a median age of approximately 18 years. The
company's recent acquisitions of traditional office properties
leased to government tenants diversifies revenue; however, Fitch
expects most of those assets to be encumbered by mortgages,
providing limited benefit to unsecured bondholders.

Limited Secured Debt Market: The secured debt market for prisons
remains undeveloped and is unlikely to become as deep as that for
other commercial real estate asset classes, providing little
contingent liquidity provided by CXW's almost entirely unencumbered
asset pool. Fitch would view increased institutional interest in
secured lending for owned prisons throughout business cycles as a
positive credit characteristic. Fitch expects that the company will
retain access to capital through the bank, bond and equity
markets.

High Tenant Concentration: CXW's customer base is highly credit
worthy but concentrated as evidenced by the top 10 tenants
accounting for 83% of 2017 revenues. Three of the company's top
tenants are large federal correctional and detention authorities,
which collectively made up 48% of revenues for the year. ICE
accounted for 25% due primarily to the STFRC contract and elevated
detention of immigrant populations. The United States Marshals
accounted for 16% of revenue and the BOP accounted for 7% of
revenue. Tennessee, California, and Georgia are the three largest
state customers and together accounted for 22% of 2017 revenues.

Secured Credit Facility and Term Loan Notching: Fitch rates the
secured credit facility and term loan 'BBB-'/'RR1', one notch above
the IDR, as they are effectively senior to the unsecured bonds.
CXW's accounts receivable are pledged as collateral and were $254
million at Dec. 31, 2017. Equity in the company's domestic
operating subsidiaries and 65% of international subsidiaries are
also pledged as collateral. The long-term fixed assets are not
pledged.

DERIVATION SUMMARY

The lack of alternative uses and limited secured debt
financeability of CXW's assets results in Fitch analyzing the
company more like a traditional cash flow-generating corporate
entity (albeit with less cash retention ability due to REIT
distribution requirements), as opposed to an asset-rich equity
REIT. Mid-3x leverage and over 5x fixed charge coverage are not
sufficient for investment grade ratings as the company's metrics
are more consistent with below-investment grade corporate issuers
with less contingent liquidity from their asset base. Fitch does
not view the asset class as conducive to an investment grade IDR
absent consistent, through-the-cycle mortgage financing of
correctional assets.

CXW's only other public U.S. competitor is GEO for which Fitch has
a credit opinion of 'bb-*'/Stable. The difference in Fitch's credit
views is based on GEO's less conservative financial policies,
specifically related to leverage that is typically managed at the
upper range of its 4x-5x public target.

KEY ASSUMPTIONS

Fitch's Key Assumptions within the Rating Case for the Issuer:
-- Revenues and margins largely flat through forecast period as
    revenue from contract gains slightly outpace losses;
-- Modest acquisitions through the forecast period;
-- Kansas facility costs are the sole meaningful development
    costs incurred in forecast period;
-- No equity issuance through the forecast period.

RATING SENSITIVITIES

Although Fitch views positive rating momentum unlikely in the near
to medium term, Developments That May, Individually or
Collectively, Lead to Positive Rating Action Include:

-- Increased mortgage lending activity in the private prison
    sector;
-- Increased privatization of the correctional facilities
    industry;
-- An acceleration of market share gains and/or contract wins;
-- Adherence to more conservative financial policies (2x leverage

    target, 4x minimum fixed charge coverage).

Developments That May, Individually or Collectively, Lead to
Negative Rating Action Include:

-- Fitch's expectation of leverage sustaining above 3.5x coupled
    with continued fundamental business headwinds. Should
    operating fundamentals improve, indicating current operating
    weakness is more cyclical than secular in nature, leverage
    sustaining above 4x would be considered appropriate for
    downward pressure on the IDR/Outlook (leverage was 3.6x for
    the year ended Dec. 31, 2017);
-- Increased pressure on per diem rates from customers;
-- Decreasing market share or profitable contract losses;
-- Material political decisions negatively affecting the long-
    term dynamics of the private correctional facilities industry;
-- A holistic change in the Federal government's sentiment
    towards privately operated prisons.

LIQUIDITY

Strong Liquidity Profile: Fitch estimates CXW's sources of
liquidity (unrestricted cash, availability under its $900 million
secured revolver, and estimated retained operating cash flows)
cover its uses (debt maturities, estimated recurring maintenance
capex, and development expenditures) by 3.0x which is strong for
the rating. CXW benefits from no material maturities and limited
amortization related to its incremental term loan through 2019.

Fitch positively viewed the company's willingness to protect its
liquidity profile from an unsustainable dividend payout ratio by
reducing its quarterly per share dividend payment to 42 cents/share
from 54 cents following the renegotiation of the STFRC contract,
resulting in an approximate 80% AFFO payout ratio, which is
consistent with the broader REIT sector. Excess cash flow supports
maintenance capex, prison construction, debt reduction and other
general corporate activities.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

CoreCivic, Inc.
-- Issuer Default Rating (IDR) at 'BB+';
-- Senior secured revolver at 'BBB-'/'RR1';
-- Senior secured term loan at 'BBB-'/'RR1';
-- Senior unsecured notes at 'BB+'/'RR4'.

The Rating Outlook is Stable.


CORNERSTONE ONDEMAND: Egan-Jones Cuts Commercial Paper Rating to D
------------------------------------------------------------------
Egan-Jones Ratings Company, on February 21, 2018, downgraded the
foreign currency rating on commercial paper issued by Cornerstone
OnDemand Inc. to D from C.

Cornerstone OnDemand Inc. is a cloud-based learning and talent
management solutions provider headquartered in Santa Monica,
California.


DECATUR HOSPITAL: Fitch Hikes Rating on $93.7MM Rev. Bonds From BB+
-------------------------------------------------------------------
Fitch Ratings has upgraded Decatur Hospital Authority Hospital,
TX's $93.7 million revenue bonds (Wise Regional Health System)
series 2014A to 'BBB-' from 'BB+' in light of Fitch's "Rating
Criteria for U.S. Not-For-Profit Hospitals and Health Systems".
Fitch has also assigned an Issuer Default Rating (IDR) of 'BBB-' to
Wise Health System.

The bonds have been removed from Rating Watch Positive. The Rating
Outlook is Stable.

SECURITY

The bonds are secured by the gross revenues of the Decatur Hospital
Authority's hospital facilities, a fully funded debt service
reserve fund, and a first lien and mortgage on certain property and
land on which the Decatur Hospital Authority's hospital facilities
are located

ANALYTICAL CONCLUSION

The 'BBB-' IDR reflects Fitch's view that Wise will maintain its
dominant market position, supporting midrange revenue defensibility
and its solid operating cost flexibility. The rating upgrade to
'BBB-' from 'BB+' is driven by Wise's strong financial performance
and the "U.S. Not-for-Profit Hospitals and Health Systems Rating
Criteria" published on Jan. 9, 2018, which also assesses Wise's
leverage relative to its liquidity through the cycle in Fitch's
rating case.

KEY RATING DRIVERS

Revenue Defensibility: 'bbb'; Strong Market Share and Stable Payor
Mix

Wise's revenue defensibility is based on its strong market share,
favorable payor mix, and stable demographic profile. Fitch believes
that Wise's strong payor mix and utilization trends mitigate its
exposure to supplemental payments.

Operating Risk: 'bbb'; Sound Operating Flexibility and Elevated
Capital Needs

The 'bbb' operating risk assessment is based on Wise's sound
profitability and cost flexibility of its core health system
operations. Five year operating trends reflect variability in
nursing facility revenues and opening of the Parkway campus.
Elevated capital requirements reflect a 9.7 year average age of
plant and an ongoing healthy of capital investment.

Financial Profile: 'bbb'; Stable Finances through the Cycle

Fitch expects Wise to rebound from standard economic stress in the
rating case to achieve performance consistent with the 'bbb'
assessment as reflected in a fifth year cash to adjusted debt of
84% and net adjusted debt to adjusted EBITDA of 0.6x.

Asymmetric Additional Risk Considerations
There are no asymmetric additional risk considerations.

RATING SENSITIVITIES

Stability Expected: Inability to achieve stable financial
performance consistent with a 'BBB' category rating would pressure
the current rating.


DELEK US: S&P Assigns 'BB' Corp. Credit Rating, Outlook Stable
--------------------------------------------------------------
S&P Global Ratings said it assigned its 'BB' corporate credit
rating to Delek US Holdings Inc. The outlook is stable. S&P also
assigned its 'BBB-' issue-level rating and '1' recovery to the
company's $650 million secured term loan B due 2025. The '1'
recovery rating indicates that lenders can expect very high
(90%-100%; rounded estimate: 95%) recovery in the event of a
payment default.

S&P said, "At the same time, we raised the rating on Alon USA
Partners to 'BB' from 'BB-'. The outlook is stable. We raised the
issue-level rating on partnership's debt to 'BB+' from 'BB'. The
'2' recovery rating is unchanged, reflecting our expectation of
substantial (70%-90%; rounded estimate: 75%) recovery in the event
of a default.

"Our 'BB' corporate credit rating on Delek reflects the company's
fair business risk profile assessment and intermediate financial
risk profile assessment." The fair business risk profile reflects
the company's average size and scale, with four refineries totaling
302,000 barrels per day (bpd) of capacity, offset by its limited
geographic diversity since these refiners are located in PADD III.
The intermediate financial risk profile assessment reflects our
expectation of financial metrics in the 3x area under a mid-cycle
pricing environment.

Delek is a downstream energy company with assets in petroleum
refining, logistics, convenience store retailing, and renewables.
The 302,000 barrels per day (bpd) of refining capacity is average
in scale compared with rated peers. The four refiners include the
recently acquired Big Spring, Texas refinery (73,000 bpd; 10.5
complexity), the Tyler, Texas refinery (75,000 bpd; 8.7
complexity), the El Dorado, Ark. refinery (80,000 bpd; 10.2
complexity), and the Krotz Springs, La. refinery (74,000 bpd; 8.4
complexity).

S&P said, "The stable rating outlook reflects our expectation of
strong liquidity and a 5-3-2 crack spread between $16 and $17 per
barrel, resulting in adjusted net debt leverage in the 1x-2x range
for the next two years.

"We could lower the rating due to weak crack spreads or operational
underperformance such that leverage is sustained above 3.5x. This
could also occur if the refiner divests of any one of its
refineries, resulting in materially lower refining capacity.

"Though unlikely in the next two years, due to the company's
limited scale and asset diversity, we could consider higher ratings
if the company increases its asset base while maintaining
consolidated leverage below 2x during mid-cycle price conditions."


DEX SERVICES: Proposed March 21 Auction of Equipment Approved
-------------------------------------------------------------
Judge Robert L. Jones of the U.S. Bankruptcy Court for the Northern
District of Texas authorized DEX Services, LLC's sale of equipment
at a public auction to be conducted by Terra Point, LLC on March
21, 2018 in Conroe, Texas.

The sale of Equipment will be free and clear of all liens, claims,
mortgages, and encumbrances.

In the event not all of the Equipment sells at the March 21st
auction or the Debtor, upon consultation with Terra Point,
InterBank of Canadian, Texas, the IRS, and the Texas Taxing
Authorities, determines some of the Equipment would generate a
higher return in the April 11, 2018 auction, the Debtor is granted
authority by the Court to sell the Equipment free and clear of all
liens, claims, mortgages, and encumbrances at a public auction to
be conducted by Terra Point on April 11, 2018 in Conroe, Texas.

All liens, claims, mortgages, and encumbrances of InterBank, the
IRS, and the Texas Taxing Authorities, save and except for the
Texas Taxing Authorities' 2018 property tax liens, will attach to
the proceeds generated from the sale of the Equipment.

After payment of the compensation owed to Terra Point, LLC as set
forth in the Order Approving Motion to Employ Terra Point, LLC as
Auctioneer for Debtor, the proceeds from the sale of the Equipment
will first be applied to pay in full the outstanding personal
property taxes for tax periods 2014, 2015, and 2017, including
statutory interest from the Petition Date, of the Texas Taxing
Authorities.  

After payment in full of the 2014, 2015, and 2017 personal property
taxes, all proceeds received from the sale of titled Equipment will
be paid over to InterBank to be applied against the indebtedness
owed InterBank, and all proceeds received from the sale of untitled
Equipment will be paid over to the IRS to be applied against the
indebtedness owed the IRS.

The tax liens for the 2014, 2015, and 2017 taxes, for both real and
personal property, are specifically retained by the Texas Taxing
Authorities until such taxes are paid in full.  The tax liens for
the 2018 real and personal property taxes are specifically retained
by the Texas Taxing Authorities against the Debtor's remaining real
and personal property assets.  The foregoing will not serve to
cross collateralize the Texas Taxing Authority liens, but will not
prejudice any cross collateralization permitted under applicable
law.

The payment of the sales proceeds to Canadian Independent School
District and Hemphill County should be made payable to the
appropriate taxing authority (either Canadian ISD or Hemphill
County) and sent to counsel for the Texas Taxing Authorities,
Perdue Brandon Fielder Collins & Mott, LLP, Attn: D'Layne Carter,
P.O. Box 9132, Amarillo, Texas.

The payment of the sales proceeds to the IRS should be made payable
to the Department of Justice and sent to the Department of Justice,
c/o Donna K. Webb, 801 Cherry Street, Suite 1700, Burnett Plaza
Unit #4, Fort Worth, Texas.
The payment of the sales proceeds to InterBank should be made
payable to InterBank and sent to counsel for InterBank, Higier
Allen & Lautin, P.C., Attn: Jason T. Rodriguez, 2711 N. Haskell
Ave., Suite 2400, Dallas, Texas.

Upon completion of the auctions authorized by the Order, the Debtor
will circulate to counsel for the IRS, InterBank, and the Texas
Taxing Authorities an auction report prepare by Terra Point.

                      About DEX Services

DEX Services, LLC, is a privately-held company in Canadian, Texas,
operating under the "Other Professional, Scientific, and Technical
Services" industry.  Its principal business address is 10955
Exhibition Lane Road, Canadian, Texas, 79014, Hempill County.  DEX
Services operates an oilfield services company, providing
roustabout services to various customers, in and around Canadian,
Texas.  It owns three tracts of real property in Canadian, Texas on
which the Debtor operates its oilfield services company.  The real
property is located at 10951, 10953, and 10955 Exhibition Lane
Road.  The three tracts of land contain the Company's offices, yard
to store equipment, trucks, trailers, and machinery, and multiple
mobile homes.

DEX Services filed a Chapter 11 petition (Bankr. N.D. Tex. Case No.
17-50242) on Sept. 30, 2017.  In the petition signed by James
Poindexter, managing member, the Debtor estimated assets and
liabilities between $1 million and $10 million.  The case is
assigned to Judge Robert L. Jones.  The Debtor is represented by
Brad W. Odell, Esq. at Mullin Hoard & Brown, L.L.P.


DIOCESE OF NEW ULM: Has Until June 26 to Exclusively File Plan
--------------------------------------------------------------
The Hon. Robert J. Kressel of the U.S. Bankruptcy Court for the
District of Minnesota has extended, at the behest of The Diocese of
New Ulm, the exclusive periods during which only the Debtor can
file a plan of reorganization and solicit acceptance of the plan
through and including June 26, 2018, and Aug. 25, 2018,
respectively.

As reported by the Troubled Company Reporter on Feb. 12, 2018, the
Diocese has attempted to pave the way for a successful mediation,
including by negotiating various issues with the Official Committee
of Unsecured Creditors and counsel for certain sexual abuse
claimants, and undertaking communications and information sharing
efforts with various insurance companies.  The next mediation
session likely will not commence until the spring of 2018 -- after
the end of the current exclusive period for the Diocese to file a
plan.  In addition, even if the next mediation session is held in
the spring, it may take more than one additional sessions to
achieve resolutions with all or most parties involved.

A copy of the court order is available at:

           http://bankrupt.com/misc/mnb17-30601-186.pdf

                   About The Diocese of New Ulm

The Diocese of New Ulm sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Minn. Case No. 17-30601) on March 3,
2017.  The case is assigned to Judge Robert J. Kressel.  In the
petition signed by Monsignor Douglas L. Grams, vice general, the
Debtor estimated assets of $10 million to $50 million and
liabilities of less than $50,000.  James L. Baillie, Esq., at
Fredrikson & Byron, P.A., serves as the Debtor's legal counsel.


ENERGY FUTURE: Court Okays Sempra Energy's Acquisition Agreement
----------------------------------------------------------------
Sempra Energy on Feb. 26, 2018, disclosed that the U.S. Bankruptcy
Court for the District of Delaware (Bankruptcy Court) has confirmed
the plan of reorganization for Energy Future Holdings Corp. (EFH)
and provided its final approval for Sempra Energy's agreement to
acquire EFH, and its indirect, approximate 80-percent ownership
interest in Oncor Electric Delivery Company LLC (Oncor).

Approval by the Public Utility Commission of Texas (PUCT) is the
final major regulatory milestone before the transaction can be
completed.  The PUCT is expected to consider an order approving
Sempra Energy's and Oncor's joint Change-in-Control application as
early as March 8.  If approved by the PUCT, Sempra Energy plans to
close the transaction soon thereafter.

"[Mon]day's action by the Bankruptcy Court paves the way for EFH to
end its long-running bankruptcy case and advances our proposal to
acquire a majority stake in Oncor to the final stage," said Debra
L. Reed, chairman, president and CEO of Sempra Energy.

Headquartered in Dallas, Oncor is a regulated electric transmission
and distribution service provider, made up of approximately 134,000
miles of lines and more than 3.4 million advanced meters, making it
the largest utility in Texas.  Using cutting-edge technology, more
than 3,900 employees work to safely maintain reliable electric
delivery service to over 10 million Texans.

Sempra Energy, based in San Diego, is a Fortune 500 energy services
holding company with 2016 revenues of more than $10 billion.  The
Sempra Energy companies' more than 16,000 employees serve
approximately 32 million consumers worldwide.

                      About Energy Future

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

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

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

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

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor, and
Millstein & Co., LLC, as financial advisor.

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

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

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

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

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

                           *    *    *

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

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

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


ENERGY FUTURE: Two Amended Proposed Confirmation Orders Filed
-------------------------------------------------------------
BankruptcyData.com reported that Energy Future Holdings (EFH) and
NextEra Energy filed with the U.S. Bankruptcy Court separate
amended proposed confirmation orders and modifications.  The filing
notes, "Pursuant to Section RR. of the Proposed Confirmation Order,
the EFH/EFIH Debtors are proposing to establish a reserve (in the
amount of $275 million (as defined and described in the Proposed
Confirmation Order, the 'NEE Plan Reserve')).  The EFH Plan
Administrator Board shall fund a segregated escrow account
maintained at Citibank, N.A.; (the 'NEE-Plan-Reserve'), with the
requisite form of escrow agreement to be negotiated in good faith
between NEE, the EFH/EFIH Debtors, and the Supporting Creditors, in
the amount of $275,000,000 (the 'NEE Plan Reserve Amount') within
ten business days following the later of: (a) the EFH Effective
Date, and (b) entry of an order by the Bankruptcy Court allocating
the funding of the NEE Plan Reserve Amount as between EFH Corp. and
EFIH (the 'NEE Allocation Order'); provided, however, that under no
circumstances shall EFH Corp.'s ultimate share of the NEE Plan
Reserve Amount include the Cash available at EFH Corp. as of the
EFH Effective Date necessary to satisfy all Allowed General
Administrative Claims against the EFH Debtors and Allowed Priority
Claims against the EFH Debtors, in full, in Cash; provided,
further, that notwithstanding the foregoing, in no event shall the
EFH Plan Administrator Board fund the NEE Plan Reserve in an amount
less than $275,000,000."

                       About Energy Future

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

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

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

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

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor, and
Millstein & Co., LLC, as financial advisor.

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

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

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

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

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

                           *    *    *

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

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

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


ENSEQUENCE INC: Proposed April 12 Auction for All Assets Approved
-----------------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware authorized Ensequence, Inc.'s bidding procedures in
connection with the sale of substantially all assets at auction.

The hearing on the Motion was held on Feb. 23, 2018.

The salient terms of the Bidding Procedures are:

     a. The Debtor will evaluate all Bids to determine whether such
Bid(s) maximizes the value of the Debtor's estate as a whole.  The
Transaction Documents will also identify any Contracts of the
Debtor that the Bidder wishes to have assumed and assigned to it.
It will consider proposals for less than substantially all of the
Debtor's Assets or operations.

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

     c. Bid Deadline: April 10, 2018 at 4:00 p.m. (ET)

     d. Credit Bid: The Debtor's prepetition lender, Myrian Capital
Fund, LLC (Series C) will be deemed to be a Qualified Bidder and
not required to make any Good Faith Deposit in submitting a Credit
Bid.

     e. Cancellation of the Auction: If the Debtor does not receive
at least two Qualified Bids (other than a Credit Bid) or otherwise
determines, after consultation with the Consultation Parties, not
to proceed with the Sale, the Debtor may elect not to conduct the
Auction and may cancel the Auction.

     f. Bidding Increments and Overbid: At the Auction, the Debtor
will announce the leading Qualified Bid.  The bidding on the Assets
beyond the Auction Baseline Bid will be done in increments that
will be determined by the Debtors after consultation with the
Consultation Parties.

     g. Auction: The Auction, if necessary, will take place on
April 12, 2018 at 10:00 a.m., at the offices of Debtor's counsel,
Polsinelli PC, 600 Third Avenue, 42nd Floor, New York, New York.

     h. Sale Hearing: April 17, 2017 at 10:00 a.m. (ET)

     i. Sale Objection Deadline: April 10, 2018 no later than 4:00
p.m. (ET)

No Stalking Horse Bidder is being approved in connection with the
Order or the Bid Procedures.  If the Debtor asks to later designate
a Stalking Horse Bidder, the Debtor will seek prior approval of the
Court.

No person or entity will be entitled to any expense reimbursement,
breakup fee, topping or termination fee, or other similar fee or
payment, and by submitting a Bid, such person or entity is deemed
to have waived its right to request or file with the Court any
request for expense reimbursement or any other fee of any nature in
connection with the Auction and the Sale, whether by virtue of
Bankruptcy Code section 503 (b) or otherwise.  The Debtor reserves
the right to ask any such protections under separate order of the
Court.

By no later than March 20, 2018, the Debtor will serve the Cure and
Possible Assumption and Assignment Notice on all non-Debtor
counterparties to any Contract that may be assumed by the Debtor
and assigned to the Successful Bidder.  Any Contract Counterparty
that objects to the cure amount set forth on the Cure and Possible
Assumption and Assignment Notice or to the possible assignment of
its executory contract or unexpired lease must file an objection
with the Bankruptcy Court on 4:00 p.m. (ET) on April 10, 2018.

By April 13, 2018, the Debtor will file with the Court and serve on
the Contract Counterparties who are parties to a Contract to be
assumed and assigned the Assumption Notice.  Any Contract
Counterparty that objects to the adequacy of the assurance set
forth in the Assumption Notice must file an objection with the
Bankruptcy Court prior to the Sale Hearing, or note its Adequate
Assurance Objection at the Sale Hearing.

The Sale Notice, the Cure and Possible Assumption and Assignment
Notice, and the Assumption Notice are approved.

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

     http://bankrupt.com/misc/Ensequence_Inc_89_Order.pdf

Within two business days after the entry of the Order, the Debtor
(or its agents) will serve the Sale Notice upon all Sale Notice
Parties.

All time periods set forth in this Order will be calculated in
accordance with Bankruptcy Rule 9006(a).  The Debtor is authorized
to take all actions necessary to effectuate the relief granted
pursuant to this Order in accordance with the Motion.

The terms and conditions of the Order will be immediately effective
and enforceable upon its entry, notwithstanding any provision in
the Bankruptcy Rules or the Local Rules to the contrary, and the
Debtor may, in its discretion and without further delay, take any
action and perform any act authorized by the Order.

                        About Ensequence

Ensequence, Inc., is a privately owned Delaware corporation engaged
in the business of making advertisements on television more
interactive and measurable.  The Company was formed in 2001 as a
provider of tools for building interactive television applications
for television networks, advertisers and distributors of network
television.  During the period from 2013 to the present, the
Company expanded its focus to include manufacturers of "smart
televisions."  Throughout its history, the Company has partnered
with national cable networks (e.g., MTV, NBC, ESPN, CNN, HBO,
etc.), traditional distributors (e.g., Comcast, Time Warner Cable,
DIRECTV, etc.), and television manufacturers (e.g., Samsung, LG,
Sony, etc.).  One year ago, the Company had approximately 50
employees, but as of the Petition Date, the Debtor has five
full-time employees executing its strategic plan.

Ensequence, Inc., filed a Chapter 11 petition (Bankr. D. Del. Case
No. 18-10182) on Jan. 30, 2018.  In the petition signed by CRO
Michael Wyse, the Debtor estimated $1 million to $10 million in
assets and $10 million to $50 million in liabilities.

The case is assigned to Judge Kevin Gross.

The Debtor tapped Christopher A. Ward, Esq. of Polsinelli PC as its
bankruptcy counsel; Outside General Counsel Services, P.C., as its
general corporate counsel; Wyse Advisors LLC as its restructuring
advisor; and Rust Consulting/Omni Bankruptcy as its notice, claims,
balloting agent  and administrative advisor.

The prepetition lender is represented by McDermott Will & Emery.


ENUMERICAL BIOMEDICAL: March 21 Auction Sale of All Assets Set
--------------------------------------------------------------
Judge Frank J. Bailey of the U.S. Bankruptcy Court for the District
of Massachusetts authorized Enumeral Biomedical Holdings, Inc.'s
bidding procedures in connection with the sale of substantially all
assets to XOMA US, LLC for $1,600,000 cash, subject to overbid.

The salient terms of the Bidding Procedures are:

     a. Qualified Bid: $1,680,000

     b. Bid Deadline: March 14, 2018 at 4:00 p.m. (ET)

     c. Deposit: 10% of the total Value of the Qualified Bid

     d. If any Qualified Bid other than that of the Proposed
Purchaser is timely received by the Seller in accordance with the
Bid Procedures, then each Qualified Bidder will have the
opportunity to make a Final Bid in accordance with the Bid
Procedures, and to have such bid considered at the Sale Hearing.
Each such Final Bid shall, be submitted in the manner provided in
the Bid Procedures, so as to be received by the Seller's Counsel
not later than 4:00 p.m. on March 19, 2018.

     e. Sale Hearing: March 21, 2018 at 11:00 a.m. (ET).  At the
Sale Hearing, the Court will consider approval of the Proposed Sale
to the Purchaser or to the Successful Bidder and Back-Up Bidder, if
any, determined by the Court pursuant to the Bid Procedures.

     f. Sale Objection Deadline: March 14, 2018 at 4:00 p.m. (ET)

     g. The sale is free and clear of all Liens and Claims.

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

      http://bankrupt.com/misc/Enumeral_Biomedical_68_Order.pdf

The Breakup Fee is approved.  If earned by the Purchaser pursuant
to the terms of the Purchase Agreement, the Seller is authorized to
pay the Breakup Fee to the Purchaser without further order of the
Court.

The requirement for a minimum overbid of 5% is approved.  Any
counterbid must provide Value to the bankruptcy estate of not less
than $1,680,000.

The form of the Purchase Agreement is approved, subject to higher
or better offers in accordance with the Bid Procedures and the
Order.  The Sale Notice is approved.

                  About Enumeral Biomedical

Headquartered in Cambridge, Massachusetts, Enumeral Biomedical
Holdings, Inc., formerly doing business as Cerulean Group, Inc. --
http://www.enumeral.com/-- is a biopharmaceutical company focused  
on discovering and developing novel antibody immunotherapies that
help the immune system fight cancer and other diseases.  The
Company utilizes a proprietary platform technology that facilitates
the rapid high resolution measurement of immune cell function
within small tissue biopsy samples.  Its initial focus is on the
development of a pipeline of next generation monoclonal antibody
drugs targeting established and novel immuno-modulatory receptors.

Enumeral Biomedical Holdings, Inc., Enumeral Biomedical Corp., and
Enumeral Securities Corporation sought for Chapter 11 protection
(Bankr. D. Mass. Case Nos. 18-10280 to 18-10282) on Jan. 29, 2018.

Judge Frank J. Bailey is the case judge for Case Nos. 18-10280 and
18-10281, and Judge Joan N. Feeney is assigned to Case No.
18-10282.

In the petition signed by Kevin G. Sarney, interim president and
CEO, Enumeral Biomedical Holdings disclosed $1.6 million in assets
and $2.54 million in debt.
               
Daniel C. Cohn, Esq., and Jonathan Horne, Esq., of Murtha Cullina
LLP, are serving as the Debtors' counsel.


EQUINIX INC: Fitch Rates EUR750MM Senior Notes 'BB'
---------------------------------------------------
Fitch Ratings is assigning a rating of 'BB'/'RR4' to Equinix,
Inc.'s recently announced EUR750 million Senior Note Issuance.
Equinix's Long-Term Issuer Default Rating (IDR) is 'BB'/Stable
Outlook.

Equinix announced it is seeking to raise the new senior notes to
support its near-term growth needs. Proceeds from the debt offering
will be used for general corporate purposes including capital
expenditures and working capital as well as potential acquisitions
and/or strategic transactions. The company recently guided 2018
capital expenditures to increase to $2.0 billion versus
approximately $1.4 billion YoY. Included in this capex increase is
30 expansion projects underway, approximately 50% of which are in
the EMEA region. Fitch believes this low-cost Euro financing will
help support this growth while also enabling liability matching as
the company seeks to expand its footprint in Europe, where it
derived 31%/28% of its revenue/EBITDA in 2017. The offering is
projected to close in March 2018.

Fitch views the debt issuance transaction as in line with the
agency's current rating case; however, Fitch would look for the
company to reduce its leverage over the next 12 to 18 months.
Absent de-levering activity and pro forma for the offering, Fitch
estimates rent-adjusted gross leverage will be above Fitch negative
rating sensitivity for the company. Leverage sustaining above 5.0x
could result in negative rating momentum. However, Fitch expects
Equinix to emphasize de-levering over the next year following two
recent debt issuances including one that will be used to fund its
announced acquisition of the Infomart Dallas. In addition to EBITDA
growth, the company can reduce leverage via equity capital raises
as it has done in the past and via retained cash flow after
dividends.

KEY RATING DRIVERS

Global Data Center Operator: Fitch views Equinix's global network
of data centers as a differentiator, providing it with substantial
barriers to entry that compound with every new customer added.
Equinix's current footprint of 200 data centers extends over five
continents and twenty four countries. This footprint was
established through both organic and inorganic means, with
approximately $7.6 billion spent on acquisitions (including pending
deals) and more than $3.5 billion spent on capex just in 2015-17.
Fitch expects Equinix to remain acquisitive over the forecast
period, albeit to a lesser degree than recent years as its
footprint already covers major markets.

Growth Investments Constrain FCF: Fitch expects Equinix to continue
to generate negative FCF over the rating horizon attributed to
required REIT dividend and significant growth capex spending. The
deficits will require Equinix to be dependent on capital markets
for funding over the forecast period. Fitch takes into
consideration the strong profitability, as demonstrated by the 15%
FCF margins after dividend generated in 2017 when excluding growth
capex. Fitch does not expect these margins to be realized until
growth begins to moderate, which is not expected over the rating
horizon.

Demand Growth and Stable Model: The global data center market is
expected to grow at a double digit pace over the next several
years, driven by the increasing outsourcing of IT infrastructure
and growth in cloud computing. Fitch believes this trend is still
in an early phase and will continue through Fitch forecast period.
Approximately 94% of Equinix's revenue is recurring and customers
generally enter into multi-year service contracts. Fitch believes
these factors provide a high degree of predictability in Equinix's
organic financial outlook.

Diversified Customer Base: Equinix serves a diverse set of
customers and industry verticals. During 4Q17, its largest customer
contributed 3.5% of total recurring revenues while the top-10
customers represented approximately 19% of recurring revenues. The
diversity of industry verticals that Equinix serves further
diversifies risks. Importantly, the company has higher exposure to
higher growth verticals including Cloud and IT Services, and
Network verticals with revenue contributions of 29% and 23%,
respectively.

Limited Contingent Liquidity: Equinix's ratings are constrained by
the data center properties being a less-than-mature asset class
within the REIT landscape. Despite the company's strong access to
capital, the availability of mortgage capital for data centers is
not as deep compared with other commercial real estate properties,
limiting the sources of contingent liquidity. Fitch believes data
centers have a less liquid investment market with fewer potential
buyers compared with other real estate assets, making these assets
potentially more difficult to divest or borrow against in a
depressed market. Equinix's contingent liquidity is also limited by
relatively low ownership of the data center facilities where it
operates. This limits the company's ability to tap the data centers
as a source of contingent liquidity.

DERIVATION SUMMARY

The ratings and Outlook are supported by Equinix's leading market
position in data center colocation, geographically diverse and
network-dense footprint, secular demand drivers for data center
outsourcing, high levels of recurring revenue, and stable customer
base. The company operates within the data center value chain,
which includes wholesalers such as Digital Realty Trust, colocation
data centers, and managed IT services such as Rackspace Hosting.
Equinix is primarily focused on the colocation data center segment,
differentiated by its global footprint and interconnectivity,
catering to large enterprises. Through both organic expansions and
acquisitions, Equinix is competitively positioned in the Americas,
EMEA, and Asia-Pacific as the acquisitions have significantly
expanded Equinix's footprint in EMEA, Asia-Pacific, and Latin
America markets.

The secular demand growth for data centers is driven by enterprises
migrating from on-premise data centers to colocation data centers
that provide higher reliability and greater efficiency. The growing
adoption of cloud services has also led to more data traffic and
workloads at data centers. Equinix's interconnected data centers,
strategically located in major markets globally, are well
positioned to benefit from these continuing trends.

The company has strong financial flexibility with its balanced
capital structure through both the equity and debt capital markets
and through its primarily unsecured debt structure. In addition to
debt issuance, Equinix issued nearly $2.5 billion in equity during
2017, reducing its reliance on the debt capital markets. The
company has also converted its debt structure to all unsecured
during 2017. Fitch believes these factors have enhanced Equinix's
financial flexibility.

Rating constraints include negative FCF resulting from capital
intensity and required REIT dividends, modest expected deleveraging
over the rating horizon, competitive nature of the data center
industry and low unencumbered asset coverage. Acquisition funding
is also a consideration, but, Equinix's recent acquisitions have
been funded with a balanced equity and debt financing structure.

KEY ASSUMPTIONS

-- Revenue growth ranging from low-teens to high teens influenced

    by acquisition activities;
-- EBITDA margin expanding from 47.1% to 49.1% through Fitch's
    forecast period, primarily driven by larger scale;
-- Acquisition activities decline to $300 million per year in
    2019 - 2020, lower than recent years with fewer large
    acquisitions.

RATING SENSITIVITIES

Developments that May, Individually or Collectively, Lead to
Positive Rating Action
-- Fitch's expectation of rent-adjusted gross leverage sustaining

    below 4.0x (currently 5.4x PF for debt issuance);
-- Unencumbered asset coverage of about 1.5x (currently low-1x);
-- Increased mortgage lending activity in the data center sector,

    demonstrating contingent liquidity for the asset class;
-- Continuation of financial policies less reliant on debt
    funding for growth capex and acquisitions, potentially with
    higher proportion of equity funding.

Developments that May, Individually or Collectively, Lead to
Negative Rating Action
-- Fitch's expectation of rent-adjusted gross leverage sustaining

    above 5.0x;
-- Unencumbered asset coverage below 1x;
-- Debt-financed acquisitions that increase leverage or dilute
    margins; financial impact will be considered in the context of

    strategic rationale;
-- Increased liquidity risk, potentially resulting from limited
    revolver availability as debt maturities approach.

LIQUIDITY

Fitch believes that negative FCF over the rating horizon will cause
Equinix to rely on external funding to support its liquidity needs.
The company has $1.4 billion of cash and investments on its balance
sheet (as of December 2017), an untapped $2 billion revolver in
place, and an at-the-market (ATM) program that enables it to raise
funds via the equity markets. Required REIT dividend distributions
limit Equinix's ability to add meaningfully to its cash balance
without accessing capital markets.

While other REITs can often leverage unencumbered assets to address
liquidity needs, Equinix's data centers are mostly leased, limiting
sources of contingent liquidity. Its owned facilities, however, are
mainly in top global markets, which should imply a lower
capitalization rate in a sale or financing. Pro forma for the
Infomart Dallas acquisition, Equinix owned assets generated more
than 45% of recurring revenue. Fitch believes the mortgage market
for data center assets is not as deep or liquid relative to other
more established commercial real estate property classes, which may
limit the ability to raise contingent liquidity using these
assets.

FULL LIST OF RATING ACTIONS

Fitch assigns the following ratings to Equinix, Inc.'s new debt
issuance:
-- Senior Euro Notes offering 'BB'/'RR4';

Fitch's current ratings for Equinix, Inc. are as follows:
-- Long-term IDR 'BB'; Outlook Stable;
-- Senior unsecured notes 'BB'/'RR4'.


EQUINIX INC: Moody's Affirms Ba3 CFR & Alters Outlook to Stable
---------------------------------------------------------------
Moody's Investors Service has affirmed the Ba3 corporate family
rating (CFR) for Equinix, Inc. and assigned a B1 (LGD5) rating to
the company's proposed new unsecured Euro notes offering. Moody's
has also affirmed Equinix's Ba3-PD probability of default rating,
SGL-3 speculative grade liquidity rating and B1 (LGD5) unsecured
debt rating.

Moody's has changed Equinix's ratings outlook to stable from
positive based on the incremental leverage associated with a series
of recent debt financed transactions. Moody's now forecasts
Equinix's leverage to be near 6x (Moody's adjusted) pro forma for
the acquisitions of Metronode, Infomart and the bond issuance
announced. Moody's expects leverage to remain above 4.5x (Moody's
adjusted) for an extended period because of Equinix's persistent
M&A activity and its annual cash deficits from high capex and
dividends.

Moody's believes that Equinix's growth profile, its pursuit of
acquired assets at high multiples, and its REIT status are
incompatible, collectively, with a near term improvement in credit
strength. Simply, the company cannot meet the demands of growth and
capital returns without its current liberal use of debt capital and
Moody's believes that leverage is unlikely to approach 4.5x
(Moody's adjusted) over the next 12 to 18 months.

Assignments:

Issuer: Equinix, Inc.

-- Senior Unsecured Regular Bond/Debenture, Assigned B1 (LGD5)

Outlook Actions:

Issuer: Equinix, Inc.

-- Outlook, Changed To Stable From Positive

Affirmations:

Issuer: Equinix, Inc.

-- Probability of Default Rating, Affirmed Ba3-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-3

-- Corporate Family Rating, Affirmed Ba3

-- Senior Unsecured Shelf, Affirmed (P)B1

-- Senior Unsecured Regular Bonds/Debentures, Affirmed B1 (LGD5)

RATINGS RATIONALE

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

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

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

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


EQUINIX INC: S&P Rates New EUR750MM Senior Unsecured Notes 'BB+'
----------------------------------------------------------------
S&P Global Ratings assigned its 'BB+' issue-level rating and '3'
recovery rating to Redwood City, Calif.-based colocation services
provider Equinix Inc.'s proposed EUR750 million unsecured notes due
2024, indicating our expectation for average recovery (50%-70%;
rounded estimate: 50%) in the event of a payment default. The
company plans to use proceeds to fund capital expenditures and
potential bolt-on acquisitions.

The 'BB+' corporate credit rating is unaffected by the proposed
transaction, as net leverage will remain unchanged. While the
positive outlook reflects the de-leveraging potential in the
business enabled by healthy and predictable earnings growth, any
upgrade would require management to demonstrate a commitment to a
balanced allocation of debt and equity to fund expansion
opportunities, such that it can operate within its net leverage
target of 3x-4x on a sustained basis. We estimate that this ratio
will remain at about 4.4x on a pro forma basis, an increase from
3.9x at Dec. 31, 2017, after incorporating the recently announced
Metronode and Infomart acquisitions. If the company continues to
operate outside this range, S&P could revise the outlook back to
stable over the next year.

RECOVERY ANALYSIS

S&P rates Equinix's unsecured notes 'BB+' with a '3' recovery
rating (rounded estimate: 50%). These notes are currently
structurally subordinated to the company's $3 billion unsecured
credit facility that benefits from subsidiary guarantees (that have
an investment-grade fall-away provision).

Key analytical factors

S&P said, "Our recovery analysis contemplates a simulated default
occurring in 2022 as a result of a significant deterioration in
demand, coupled with a prolonged economic recession and
overexpansion that causes material pricing pressure and increased
customer churn.

"Our simulated scenario also assumes LIBOR increases to 250 basis
points at default; the revolving credit facility is 85% drawn;
margin on the credit facility rises to 5%, reflecting the simulated
credit deterioration, and the fees or increased pricing associated
with obtaining a waiver or amendment of the financial covenants;
leases are not rejected in bankruptcy as they are vital to
Equinix's business; and all debt claims include six months of
prepetition interest outstanding at the time of default.

"We have included added value from the recently announced Infomart
and Metronode acquisitions as well as an assumption of additional
debt to fund these acquisitions. We believe if Equinix were to
default it would continue to have a viable business model given its
extensive scale and prime locations. As a result, we have valued
Equinix as a going concern using a 7x multiple to emergence EBITDA,
which is toward the higher end of the 5x-7x range we typically use
for data center peers given Equinix's scale and geographic
diversity."

Simulated default assumptions

-- Simulated default year: 2022
-- EBITDA at emergence: $1.1 billion
-- EBITDA multiple: 7x

Simplified waterfall

-- Net emergence value (after 5% administrative costs): $7.6
billion
-- Valuation split in % (obligors/nonobligors): 68/32
-- Collateral value available to guaranteed creditors: $6.8
billion
-- Total guaranteed debt: $3 billion
-- Collateral value available to unsecured creditors: $4.5
billion
-- Total unsecured debt: $8.6 billion
    --Recovery expectations: 50%-70% (rounded estimate: 50%)

RATINGS LIST

  Equinix Inc.
   Corporate Credit Rating           BB+/Positive/--

  Equinix Inc
    Senior Unsecured   
    EUR750 million notes due March 15 2024      BB+
      Recovery Rating                           3(50%)


EXAMWORKS GROUP: Moody's Affirms B2 CFR; Outlook Stable
-------------------------------------------------------
Moody's Investors Service affirmed ExamWorks Group, Inc.'s B2
Corporate Family Rating and B2-PD Probability of Default Rating.
Moody's affirmed the B1 rating on the company's first lien senior
secured term loan, which will be upsized by $185 million. The money
raised from the term loan add-on will be primarily used to fund the
acquisition of Australia-based Work Health Group ("WHG" unrated).
Moody's also assigned the B1 rating on the company's first lien
senior secured revolving facility, for which the expiry date will
be extended to 2023 from 2021.

The rating outlook is stable.

Ratings affirmed:

ExamWorks Group, Inc.

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

First Lien senior secured revolving credit facility expiring in
2021 at B1 (LGD3)

First lien term loan ($945 million including the add on) due 2023
at B1 (LGD3)

Ratings Assigned:

First Lien senior secured revolving credit facility expiring in
2023 at B1 (LGD3)

Ratings to be withdrawn upon close:

First Lien senior secured revolving credit facility expiring in
2021 at B1 (LGD3)

As a result of the acquisition, Moody's expects ExamWorks'
debt/EBITDA to increase to 6.5x -7.0x on a pro forma basis, from
around 6.0x times for the twelve months ended September 30, 2017.
The increase in leverage is credit negative, reducing cushion
within the B2 Corporate Family Rating for any additional financial
leverage. The company's rating is weakly positioned at B2 and may
be downgraded if debt/EBITDA rises further or remains above 6.0
times in the next 12-18 months.

RATINGS RATIONALE

ExamWorks' B2 Corporate Family Rating reflects its high financial
leverage and a rapid growth strategy. It also reflects modest
integration risk and vulnerability to regulatory reviews.
Furthermore, the company's moderate revenue size and use of debt to
fund acquisitions is a rating constraint. ExamWorks' rating is
supported by its leading market share of the independent medical
examination industry, solid EBITDA margins and diversity of its
customer base. The company also benefits from its minimal exposure
to reimbursement pressures and malpractice risks, as well as a low
proportion of fixed operating costs.

Moody's expects the WHG acquisition to start contributing to
ExamWorks' revenues and profits immediately after the close of
transaction, helping the company deleverage. WHG is a provider of
occupational rehabilitation case management services in Australia
with around 870 employees and 84 branch locations spread across
Australia. WHG's annual revenues and estimated EBITDA for fiscal
year ended June 30, 2017 were A$98 million and A$18 million
respectively.

The stable rating outlook reflects Moody's expectation that
financial leverage will steadily improve due to debt repayment and
continued earnings growth over the next 12-18 months. It also
reflects Moody's expectation that the company will not engage in
any material debt-financed acquisitions or shareholder initiatives
without first reducing its financial leverage.

The rating could be upgraded if ExamWorks experiences continued
favorable growth in both revenues and EBITDA. The company
sustaining debt to EBITDA below 5.0 times would also support an
upgrade.

The rating could be downgraded if pricing of its services face
downward pressure or significant client losses result in declining
revenues or operating profits. Additional debt financed
acquisitions that weaken credit metrics could also result in a
downgrade. If the company sustains debt to EBITDA greater than 6.0
times for more than 12-18 months after WHG acquisition, a downgrade
is possible.

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

Headquartered in Atlanta, GA, ExamWorks, Inc. is a leading provider
of independent medical examinations, consisting of peer reviews,
bill reviews and IME-related services. These services are provided
to the insurance and legal industries, third-party administrators,
self-insured parties and federal and state agencies. Estimated
revenue for the fiscal year ended December 31, 2017 was
approximately $1.0 billion.


EXCELETECH COATING: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Exceletech Coating and Applications, LLC as
of Feb. 26, according to a court docket.

                      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
or deterioration of substrate.

Exceletech Coating 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.


EXCO RESOURCES: BES Bid for Extension to File Rehearing Motion OK'd
-------------------------------------------------------------------
On Jan. 31, 2018, appellees in the case captioned BASIC ENERGY
SERVICES, L.P., Appellant, v. EXCO RESOURCES, INC., EXCO SERVICES,
INC., EXCO OPERATING COMPANY, L.P., EXCO OPERATING COMPANY, L.P.
FORMERLY KNOWN AS EXCO PARTNERS OPERATING PARTNERSHIP, L.P., EXCO
OPERATING COMPANY, L.P. DOING BUSINESS AS EXCO PARTNERS OPERATING
PTSH, L.P., SUPERIOR ENERGY SERVICES, L.L.C., SUPERIOR ENERGY
SERVICES, INC., WARRIOR ENERGY SERVICES CORPORATION, TEXAS CES,
INC., HALLIBURTON ENERGY SERVICES, INC., CHILDRESS FISHING & RENTAL
SERVICES, INC., WEATHERFORD U.S., L.P., BENOIT MACHINE, INC., SMITH
INTERNATIONAL, INC., AND THOMAS ENERGY SERVICES, LLC, Appellees,
No. 05-15-00667-CV (Tex. App.) filed its Notice of Suggestion on
Pendency of Bankruptcy for EXCO Resources, Inc., Et Al. and
Automatic Stay of Proceedings, in which they informed the Court
that appellee EXCO Resources, Inc. and certain of its subsidiaries
and affiliates filed voluntary petitions for relief under Chapter
11 of Title 11 of the United States Code.

On Feb. 12, 2018, appellant filed its Unopposed Motion for
Extension of Time to File Motion for Rehearing, in which it
requested an extension to file its motion for rehearing until 30
days after the automatic stay is lifted by the bankruptcy court.

Judge David J. Schenck grants the Appellant's motion to the extent
that the Court orders Appellant to file any motion for rehearing
within 30 days after the automatic stay is lifted by the bankruptcy
court.

A copy of Judge Schenck's Order dated Feb. 15, 2018 is available at
https://is.gd/9pQMQD from Leagle.com.

Michael K. Hurst -- mhurst@lynnllp.com -- Marvin C. Moos --
mmoos@hrmlawyers.com -- for Basic Energy Services, L.P.,
Appellant.

Gregory R. Ave -- Greg.ave@wbclawfirm.com -- for Weatherford U.S.,
L.P., Appellee.

Jerry Joe Knauff, Jr., for Benoit Machine, Inc., Appellee.

Peter Scaff -- pscaff@gardere.com -- Audrey Mola Momanaee Chatrodi,
for Thomas Energy Services, LLC, et al., Appellee.

Gregory R. Ave, for EXCO Resources, Inc., et al., Appellee.

Greg K. Winslett -- gwinslett@qslwm.com -- Michael Feiler  --
mfeiler@qslwm.com -- for Childress Fishing & Rental Services, Inc.,
Appellee.

W. Bradford Hill, Jr. -- bhill@hillfinkel.com -- Kevin B. Finkel --
kfinkel@hillfinkel.com -- for Halliburton Energy Services, Inc.,
Appellee.

Gregory R. Ave, for Warrior Energy Services, Corp., et al.,
Appellee.

                    About EXCO Resources

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

EXCO Resources, Inc., and 14 of its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 18-30155) on Jan. 15,
2018.  EXCO disclosed total assets of $829.1 million and total debt
of $1.355 billion as of Sept. 30, 2017.

The Debtors' cases have been assigned to the Honorable Marvin
Isgur.

The Debtors tapped Gardere Wynee Sewell LLP, and Kirkland & Ellis
LLP, as bankruptcy counsel; PJT Partners LP as financial advisor;
Alvarez & Marsal North America, LLC, as restructuring advisor; and
Epiq Bankruptcy Solutions, LLC, as claims agent.

An official committee of unsecured creditors has been appointed in
the case.  The committee is represented by lawyers at Jackson
Walker and Brown Rudnick.


FALLBROOK TECHNOLOGIES: Files Ch.11 to Facilitate Restructuring
---------------------------------------------------------------
Fallbrook Technologies Inc. (Fallbrook) on Feb. 26, 2018, disclosed
that Roger Wood, former CEO of publicly traded Dana Holding
Corporation (Dana), will become the new CEO and Chairman of the
Board for the privately held developer and licensor of the patented
NuVinci [(R)] continuously variable planetary (CVP) transmission
technology.  Mr. Wood is credited with driving significant
improvements in Dana's performance and profitability and is widely
recognized as one of the leading figures in the automotive supply
industry.  Mr. Wood drove the decision at Dana to license the
NuVinci technology in 2012.

"I have seen this company grow from an idea to a reality where
Fallbrook's transformational technology can revolutionize multiple
industries," stated Mr. Wood.  "We are closer than ever to a future
where NuVinci is the mechanical standard to improve any system with
an engine, pump, motor, or geared transmission system."

Mr. Wood's first act as Fallbrook CEO will be to implement a
financial restructuring that substantially reduces debt service and
recapitalizes the Company.  The restructuring will be achieved
through a Chapter 11 reorganization filed on Feb. 26 in Delaware.
In connection with the filing, the Company entered into a
Restructuring Support Agreement with some of its largest creditors
to support a Plan of Reorganization.  In addition, subject to
Bankruptcy Court approval, Fallbrook has an agreement to secure
debtor-in-possession financing as well as post-exit financing.

"This restructuring will best position Fallbrook to grow the
NuVinci CVP technology and expand our community of licensees.  We
are thankful to our dedicated employees who remain focused on the
advancement of Fallbrook's innovative and unique technologies
supporting applications across multiple markets."

"I thank my predecessor, William Klehm for his efforts and
dedication to the company," Mr. Wood continued.  "I look forward to
my new role at Fallbrook."

                       About Roger Wood

Prior to his new role as chief executive officer of Fallbrook
Technologies, Roger Wood served as president and chief executive
officer of Dana Holding Corporation from April 2011 until his
retirement in August 2015.  He also served on the Dana board of
directors through a transition period and exited the board at the
end of 2015.  He is a familiar face to Fallbrook, joining the
Fallbrook board of directors January 27, 2016.  At Dana, Roger
inspired Dana's vision to be the global technology leader in
efficient power conveyance and energy management solutions, and
returned the company to a profitable and sustainable growth
trajectory.  Since 2011, Dana has streamlined operations, driven
operations excellence throughout the enterprise, invested in
product technology leadership, and aligned the operating model to
deliver superior customer technology support, fast market response,
and segment leading investment returns in driveline technologies.

Before Dana, Mr. Wood worked at BorgWarner for 26 years, moving
through several successive manufacturing management and business
development roles responsible for operations throughout most of the
world.  He was named executive vice president in 2009, and group
president for the Engine Group in 2010.  During his tenure,
BorgWarner's Engine Group aligned the operating model and achieved
market leading technology recognition, superior growth
acceleration, and segment leading profitability.

Mr. Wood holds a bachelor's degree in Engineering Technology from
State University College in Buffalo, New York, and an MBA from
Syracuse University.  He is a member of the board of directors of
Brunswick and Tenneco.  He is also a fellow of the National
Association of Corporate Directors and previously served as a
Member on the Advisory Board for the University of Michigan
Biological Station in Northern Michigan.

                    About Fallbrook Technologies

Fallbrook Technologies -- http://www.fallbrooktech.com/-- is the
inventor of the revolutionary NuVinci [(R)] continuously variable
planetary (CVP) technology, which enables performance and
efficiency improvements for machines that use an engine, pump,
motor, or geared transmission system -- including urban mobility
vehicles, cars and trucks, industrial equipment, and many other
applications.  Fallbrook has a unique collective development model
and community through which NuVinci technology licensees share
enhancements, which adds to the value of the technology and
accelerates product development.  This approach enables
forward-looking companies, who wish to create visionary new
products with NuVinci technology, to move quickly from concept to
market commercialization.  Fallbrook is based in Cedar Park near
Austin, Texas, USA and holds rights to over 800 patents and patent
applications worldwide.


FANNIE MAE & FREDDIE MAC: Owl Creek Files Suit in Ct. Fed. Claims
-----------------------------------------------------------------
Eight affiliates of Owl Creek Asset Management, L.P., filed a
lawsuit against the government in the U.S. Court of Federal Claims
late last week, and a copy of the complaint is available at
http://bankrupt.com/misc/18-00281-0001.pdfat no charge.  Owl Creek
is represented by a team of corporate restructuring lawyers led by
Bruce Bennett at Jones Day.

Owl Creek owned approximately $2 billion of junior preferred stock
in the GSEs acquired post-conservatorship and prior to imposition
of the Net Worth Sweep.  Count III of the complaint, at pp. 43-44,
says HERA's succession clause imposed duties on the government to
honor the GSEs' contracts and look out for non-controlling
shareholders' interests, and the government breached those duties.
Count IV of the Complaint, at pp. 44-47, says the government
breached its implied-in-fact contract with Owl Creek and other
junior preferred shareholders.  These claims differ slightly from
claims asserted in other shareholder complaints filed in the Court
of Federal Claims.

Owl Creek details for Judge Sweeney its reasonable
investment-backed expectations when its purchased its junior
preferred securities in the GSEs between the time of the
conservatorship and prior to the Net Worth Sweep:

     "Given the conditions of the market and the Companies,
together with the assurances of the Agency in light of its powers
as conservator under the Recovery Act (as well as the longstanding
record of the Companies, and statements of the United States,
before conservatorship), Owl Creek reasonably expected that the
mortgage market would recover; that the Companies would return as
bulwarks in housing; and that the Agency, having ensured the
soundness and solvency of the Companies, accordingly would
terminate their conservatorships. Moreover, Owl Creek reasonably
believed that the valuation allowance on the Companies' sizeable
deferred tax assets would soon be released.

     "Owl Creek further expected that, in any event, the Agency
would -- as it had assured markets it would do, and as the Recovery
Act reasonably indicated it should and would do -- act with a view
to rehabilitating the Companies and not as an accomplice to
Treasury's carnivorous secret plan to seize, for itself, the entire
value of the Companies in disregard of the property interests of
Owl Creek and other shareholders.

     "As such, by early summer of 2012, Owl Creek reasonably
anticipated that the Companies would soon emerge from
conservatorship (as two Directors of the Agency had publicly
predicted), from which it would be in a position to redeem the
Treasury Senior Preferred Stock and allow Owl Creek to realize
benefits from its reasonable investment-backed expectations in the
property interests represented by the Junior Preferred Stock. Owl
Creek, in any event, did not reasonably expect the Sweep Amendment
or any other action that would make the conservatorship
antithetical to those goals and in fact make them impossible to
achieve.

     "Indeed, the terms of the Recovery Act's conservatorship
provisions (among others) are materially identical to the
longstanding ones in FIRREA by which the Federal Deposit Insurance
Corporation acts as conservator of troubled banks.  Until the Sweep
Amendment, this language had always been interpreted to mean that
FDIC has a mandatory duty to preserve and protect the assets of
banks when acting as conservator.  Moreover, historically the
United States' regulation of the Companies has been less extensive
than its regulation of banks.  Nor was Owl Creek aware of any prior
use of a senior preferred stock instrument to strip 100% of a
company's profits in perpetuity, to the derogation of the property
rights of other holders of stock.  Prior to the implementation of
the Sweep Amendment, the holders of Junior Preferred Stock could
not have reasonably anticipated such a divergence from historical
precedent.

     "The Sweep Amendment deprived Owl Creek of its economic and
contractual property rights with respect to the Junior Preferred
Stock.  It made it impossible for Owl Creek to realize the future
value of its property interests in the Companies."

Amended complaints by litigating GSE shareholders who filed cases
in 2013 and 2014 that remain pending before Judge Sweeney are
scheduled to be filed on Thurs., March 8, 2018.

The Plaintiffs' attorneys:

        Lawrence D. Rosenberg
        Bruce S. Bennett
        Sidney P. Levinson
        C. Kevin Marshall
        Michael C. Schneidereit
        Alexandria M. Ordway
        JONES DAY
        51 Louisiana Ave., N.W.
        Washington, D.C.  20001
        Tel: (202) 879-3939
        Fax: (202) 626-1700
        E-mail: ldrosenberg@jonesday.com

               About Fannie Mae and Freddie Mac

Federal National Mortgage Association (OTCQB: FNMA), commonly known
as Fannie Mae -- http://www.FannieMae.com/-- is a
government-sponsored enterprise (GSE) that was chartered by U.S.
Congress in 1938 to support liquidity, stability and affordability
in the secondary mortgage market, where existing mortgage-related
assets are purchased and sold.

A brother organization of Fannie Mae is the Federal Home Loan
Mortgage Corporation (FHLMC), better known as Freddie Mac.  Freddie
Mac (OTCBB: FMCC) -- http://www.FreddieMac.com/-- was established
by Congress in 1970 to provide liquidity, stability and
affordability to the nation's residential mortgage markets. Freddie
Mac supports communities across the nation by providing mortgage
capital to lenders.

During the time of the subprime mortgage crisis, on Sept. 6, 2008,
Fannie Mae and Freddie Mac were placed into conservatorship by the
U.S. Treasury.  The Treasury committed to invest up to $200 billion
in preferred stock and extend credit through 2009 to keep the GSEs
solvent and operating.  Both GSEs are still operating under the
conservatorship of the Federal Housing Finance Agency (FHFA).

In exchange for increased future support and capital investments of
up to $200 billion in each GSE, each GSE agreed to issue to the
Treasury (i) $1 billion of senior preferred stock, with a 10%
coupon, without cost to the Treasury and (ii) common stock warrants
representing an ownership stake of 79.9%, at an exercise price of
one-thousandth of a U.S. cent ($0.00001) per share, and with a
warrant duration of 20 years.  FHFA and Treasury changed that deal
in 2012 to require the GSEs to remit 100% of their profits to
Treasury in perpetuity.  As of Sept. 30, 2017, Fannie and Freddie
received $187.5 billion form Treasury and have returned $275.9
billion to Treasury.  Treasury says it's still owed $187.5 billion.


FCA US: F. Overton Lawsuit Remanded to New York Court
-----------------------------------------------------
District Judge R. David Proctor grants Plaintiffs' motion to remand
the case captioned FRANKIE OVERTON, et al., Plaintiffs, v. CHRYSLER
GROUP LLC, et al., Defendants, Case No. 2:17-cv-01983-RDP (N.D.
Ala.) making Defendant Fiat Chrysler Automobiles US LLC's motion to
transfer venue or, alternatively, to sever claims and transfer
venue and partial motion to dismiss moot.

Plaintiff Frankie Overton and Plaintiff Scott Graham initiated the
lawsuit against Defendants Chrysler Group LLC, Fiat Chrysler
Automobiles US LLC, Rodericus Obyran Carrington, TRW Automotive
Holdings Corp., TRW Automotive Inc., TRW Automotive US LLC, TRW
Vehicle Safety Systems Inc., ZF Friedrichshafen AG, and ZF TRW
Automotive Holdings Corp. on Oct. 17, 2017 in the Circuit Court of
Jefferson County, Alabama. On Nov. 27, 2017, FCA filed a Notiece of
Removal along with a motion to transfer venue and a partial motion
to dismiss. FCA did not seek the approval of the other defendants
in this case before removing it; however, Defendant TRW Vehicle
Safety Systems Inc. has since consented to the removal. Plaintiffs
filed a motion to remand on Dec. 27, 2017.

In their pleadings, Plaintiffs have alleged negligence, wantonness,
and Alabama Extended Manufacturer's Liability Doctrine claims.
Overton seeks damages on behalf of Decedent Sue Ann Graham under
Alabama's Wrongful Death Act. On behalf of Decedent's minor son
J.G., Scott Graham seeks compensatory damages from Chrysler and
FCA, punitive damages from FCA for its post-bankruptcy sale
conduct, and compensatory and punitive damages from the other
defendants.

Section 1452 permits a court to remand a cause of action removed
under section 1334 on any equitable ground. Similarly, section 1334
allows a court to abstain from hearing a case that "aris[es] under
title 11 or aris[es] in or relate[s] to a case under title 11" when
a court does so "in the interest of justice, or in the interest of
comity with State courts or respect for State law." Here, the court
finds that abstention and remand is appropriate for this state law
action.

Courts have developed the following set of considerations to aid in
the determination of whether abstention is warranted: (1) the
effect, or lack thereof, on the efficient administration of the
bankruptcy estate if the discretionary abstention is exercised, (2)
the extent to which state law issues predominate over bankruptcy
issues, (3) the difficulty or unsettled nature of the applicable
state law, (4) the presence of related proceedings commenced in
state court or other non-bankruptcy courts, (5) the jurisdictional
basis, if any, other than sesction 1334, (6) the degree of
relatedness or remoteness of the proceedings to the main bankruptcy
case, (7) the substance rather than the form of an asserted `core'
proceeding, (8) the feasibility of severing state law claims from
core bankruptcy matters to allow judgments to be entered in state
court with enforcement left to the bankruptcy court, (9) the burden
on the bankruptcy court's docket, (10) the likelihood that the
commencement of the proceeding in bankruptcy court involves forum
shopping by one of the parties, (11) the existence of a right to
jury trial, and (12) the presence in the proceeding of non-debtor
parties.

In this case, the court finds that these factors weigh in favor of
abstention. Plaintiffs in this action only bring state law claims,
and all of the parties involved in this action are non-debtor
parties. The only basis for section 1334 jurisdiction (and
jurisdiction generally) in this case is that one of the two
Plaintiffs (Plaintiff Overton) has asked for punitive damages under
the Alabama Wrongful Death Act. Although the Bankruptcy Court has
jurisdiction to interpret its orders, the state court can just as
easily dismiss claims in front of it that are barred by the MTA and
Amendment No. 4. In the unlikely event that the state court does
not honor the Bankruptcy Court's order, FCA is not left without
remedy: it can appeal or petition the Bankruptcy Court to enforce
its order against Plaintiffs.

FCA heavily relies on Powell v. FCA US LLC, 2015 WL 5014097, which
was decided by the Middle District of Alabama. But Powell is
distinct from this case for at least two reasons. First, in Powell,
the dates of the accident, the filing of the case, and the
publication of Judge Albritton's opinion all preceded the date the
Old Carco bankruptcy estate closed. Second, the relief requested by
the plaintiff in Powell only included punitive damages under
Alabama's Wrongful Death Act. In this case, on the other hand,
Plaintiffs' claims accrued and Plaintiffs' damages are not limited
to punitive damages under the Alabama's Wrongful Death Act. Rather,
Plaintiffs' requested damages against FCA also include damages that
do not fall within the scope of the MTA and Amendment No. 4
(punitive damages for FCA's post-bankruptcy sale conduct and
compensatory damages).

Moreover, unlike in Powell, severance in this case is not practical
and would not be in the interest of justice. If the court were to
sever Overton's punitive damages claims against FCA from the
remainder of this case, both FCA and Plaintiff Overton would be
forced to litigate actions involving the same underlying facts in
two different courts. If the court was to sever all of Plaintiffs'
claims brought against FCA, not only would both Plaintiffs be
forced to litigate in two different courts, but Plaintiff Scott
Graham would also be forced to litigate his Alabama state law
claims (that do not fall within the scope of the Bankruptcy Court's
Orders) in the Southern District of New York. As such, the court
finds that remanding this entire case is the most equitable,
practicable, and just course of action.

A full-text copy of Judge Proctor's Memorandum Opinion dated Feb.
13, 2018 is available at https://is.gd/poiMzf from Leagle.com.

Frankie Overton, Administrator of the Estate of Sue Ann Graham,
deceased & Scott Graham, as legal guargian of J.G., a minor child,
Plaintiffs, represented by Christopher D. Glover --
Chris.Glover@BeasleyAllen.com -- BEASLEY ALLEN CROW METHVIN PORTIS
& MILES PC, J. Cole Portis  -- cole.portis@beasleyallen.com --
BEASLEY ALLEN CROW METHVIN PORTIS & MILES PC & Joseph Parker Miller
-- Parker.Miller@BeasleyAllen.com -- BEASLEY ALLEN CROW METHVIN
PORTIS & MILES PC.

Chrysler Group LLC & Fiat Chrysler Automobiles US LLC, Defendants,
represented by Brian P. Kappel  -- bkappel@lightfootlaw.com --
LIGHTFOOT FRANKLIN & WHITE LLC, Michael L. Bell --
mbell@lightfootlaw.com -- LIGHTFOOT FRANKLIN & WHITE LLC & Rachel
M. Lary  -- rlary@lightfootlaw.com -- LIGHTFOOT FRANKLIN & WHITE
LLC.

TRW Vehicle Safety Systems Inc, Defendant, represented by Julie
Davis Pearce -- jpearce@gghlaw.com -- GAINES GAULT HENDRIX, PC.

                         About Chrysler LLC

Chrysler LLC and 24 affiliates on April 30, 2009, sought Chapter 11
protection from creditors (Bankr. S.D.N.Y (Mega-case), Lead Case
No. 09-50002).  Chrysler hired Jones Day, as lead counsel; Togut
Segal & Segal LLP, as conflicts counsel; Capstone Advisory Group
LLC, and Greenhill & Co. LLC, for financial advisory services; and
Epiq Bankruptcy Solutions LLC, as its claims agent.  Chrysler
changed its corporate name to Old CarCo following its sale to a
Fiat-owned company.  As of Dec. 31, 2008, Chrysler had
$39,336,000,000 in assets and $55,233,000,000 in debts.  Chrysler
had $1.9 billion in cash at that time.

In connection with the bankruptcy filing, Chrysler reached an
agreement with Fiat SpA, the U.S. and Canadian governments and
other key constituents regarding a transaction under Section 363 of
the Bankruptcy Code that would effect an alliance between Chrysler
and Italian automobile manufacturer Fiat.  As part of that deal,
Fiat acquired a 20% equity interest in Chrysler Group.

Under the terms approved by the Bankruptcy Court, the company
formerly known as Chrysler LLC on June 10, 2009, formally sold
substantially all of its assets, without certain debts and
liabilities, to a new company that will operate as Chrysler Group
LLC.  The U.S. and Canadian governments provided Chrysler with $4.5
billion to finance its bankruptcy case.  Those loans are to be
repaid with the proceeds of the bankruptcy estate's liquidation.
Old Carco's Second Amendment Joint Plan of Liquidation was
confirmed by the Bankruptcy Court on April 23, 2010.


FILBIN LAND: Taps Business Debt Solutions as Loan Broker
--------------------------------------------------------
Filbin Land & Cattle Co., Inc., seeks approval from the U.S.
Bankruptcy Court for the Eastern District of California to hire
Business Debt Solutions, Inc. as loan broker.

The firm will assist the Debtor in procuring and consummating
transactions with lenders to provide the estate with financing for
its operations pending approval of a Chapter 11 plan and exit
financing.

BDS will receive an underwriting and syndication fee in the sum of
$15,000 to solicit and evaluate financing offers and assist the
Debtor in entering into a loan agreement with lenders.

In addition, the firm will receive a fee of 3% of the total maximum
amount of the financing payable on the date the Debtor enters into
a loan agreement, and 3% on any incremental increase of the
financing, only if the financing is increased in the first 18
months from the date of the loan agreement.

BDS does not hold or represent any interest adverse to the Debtor's
estate, creditors or equity security holders.

The firm can be reached through:

     Charles Doyle
     Business Debt Solutions, Inc.
     230 California Street I, Suite 302
     San Francisco, CA 94111
     Tel: (415) 989-0970
     Fax: (415) 423-1240

                  About Filbin Land & Cattle Co.

Filbin Land & Cattle Co., Inc., is a privately-held company in
Patterson, California, engaged in the cattle business.  It is a
merchant wholesaler of raw farm products.

Filbin Land & Cattle Co. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Cal. Case No. 18-90030) on Jan. 17,
2018.  In the petition signed by Jeffery Edward Arambel, president
and CEO, the Debtor estimated assets of $1 million to $10 million
and liabilities of $50 million to $100 million.  

Judge Ronald H. Sargis presides over the case.  

The Debtor hired MacDonald Fernandez LLP as its bankruptcy counsel.


FINJAN HOLDINGS: BCPI I Cuts Stake to 6.6%
------------------------------------------
BCPI I, L.P., BCPI Partners I, L.P., BCPI Corporation, Michael
Eisenberg, and Arad Naveh reported to the Securities and Exchange
Commission that as of Feb. 13, 2018, they beneficially own
1,818,957 shares of common stock of Finjan Holdings, Inc.,
constituting 6.6 percent of the shares outstanding.

The 1,818,957 shares are directly owned and held by BCPI I for
itself and as nominee for BCPI FF and for other individuals and
entities.  BCPI GP, the general partner of both BCPI I and BCPI FF,
may be deemed to have sole power to dispose of these shares, and
BCPI Corp., the general partner of BCPI GP, may be deemed to have
sole power to dispose of these shares.  Naveh is a director of BCPI
Corp. and may be deemed to have shared power to dispose of these
shares.

BCPI I sold a total of 1,562,438 shares of Finjan Holdings' Common
Stock on the open market from Feb. 12 through Feb. 23, 2018.

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

                     https://is.gd/b597F0

                         About Finjan

Established over 20 years ago, Finjan Holdings, Inc. --
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.


FRONTIER INSURANCE: Plan Addressed FIGI Ownership of Parcels
------------------------------------------------------------
The adversary proceeding captioned Benjamin Lawski, Superintendent
of Financial Services of the State of New York, as Liquidator of
Frontier Insurance Company, Plaintiff, v. Frontier Insurance Group,
LLC, and County of Sullivan Industrial Development Authority,
Defendants, Adv. Pro. No. 14-9022 (RDD) (Bankr.S.D.N.Y.) is a
dispute between plaintiff Benjamin Lawski, as Superintendent of
Financial Services of the State of New York (the "Liquidator"), as
the statutory liquidator of Frontier Insurance Company, on the one
hand, and Frontier Insurance Group, LLC, the reorganized
debtor/defendant herein, on the other, over title to the
reversionary interest from defendant County of Sullivan Industrial
Development Authority in land and improvements thereon in Sullivan
County, New York that the parties have labeled in this litigation
"Parcels B and C." Upon analysis of the case, Bankruptcy Judge
Robert D. Drain rules in favor of the defendants.

FIGL is the successor to Frontier Insurance Group, Inc. under
FIGI's chapter 11 plan, which was confirmed on Dec. 2, 2005 and
became effective on Sept. 20, 2007. FIGI was the corporate parent
of FIC, an insurance company, among other subsidiaries. Both had
their headquarters on land with an address at 195 Lake Louise
Murray Rd., Rock Hill, New York that included the 2.7 acres and
improvements comprising Parcel B and the 12.967 acres and
improvements comprising Parcel C, as well as approximately 15.23
acres that included FIGI and FIC's headquarters building and the
parking lot immediately adjacent to it that the parties have
referred to here as "Parcel A." None of the buildings apparently
had an address in addition to the Rock Hill Property address.

One might think that whether Parcels B and C were covered by the
Plan and the confirmation order would be easy to decide, requiring
merely an examination of how those documents address the parties'
claims to that property. However, the issue of whether Parcels B
and C were covered by, included in, or dealt with by the Plan and
confirmation order, and, more specifically, the context in which
those documents should be read, required fact-finding regarding the
nature of FIGI's disclosure of its asserted property interests
during its bankruptcy case, the extent of the involvement of the
Liquidator's predecessor, the Rehabilitator, in that case, and the
parties' mutual understanding of their respective claims to the
property at issue when the Plan was confirmed. Accordingly, after
the parties engaged in discovery, the Court conducted a trial on
those issues.

Based on the trial record, including witness testimony, agreed
deposition designations and the exhibits admitted into evidence, as
well as the parties' post-trial proposed findings of fact and
conclusions of law, the Court determined that the Plan sufficiently
addressed FIGI's ownership of Parcels B and C and their transfer to
FIGL for the Court to declare the Liquidator is bound by the Plan
and confirmation order not to contest or interfere in FIGL's
reversionary ownership of that property, and to direct the IDA to
transfer ownership of it to FIGL.

The bankruptcy case is in re: Frontier Insurance Group, Inc. and
Frontier Insurance Group, LLC, Chapter 11, Debtor/Reorganized
Debtor, Case No. 05-36877 (CGM) (Bankr. S.D.N.Y.).

A full-text copy of Judge Drain's Memorandum of Decision dated Feb.
15, 2018 is available at https://is.gd/9PLDDu from Leagle.com.

Benjamin Lawski, Plaintiff, represented by William F. Costigan,
Dornbush Schaeffer Strongin & Venaglia, LLP & Melanie L.
Cyganowski, Otterbourg P.C.

Frontier Insurance Group, LLC, Defendant, represented by Richard L.
Crisona, Duker & Barrett & Robert E. Malchman -- rmalchman@abv.com
-- Allegaert Berger & Vogel LLP.

County of Sullivan Industrial Development Authority, Defendant, pro
se.

                  About Frontier Insurance

Frontier Insurance Company is a property and casualty insurer
domiciled in the State of New York.  The company was placed in
rehabilitation and the New York Superintendent of Insurance was
appointed as Rehabilitator on Oct. 15, 2001, by order of the
Supreme Court of the State of New York, New York County.

Since 2001, Frontier has settled roughly 12,000 claims, paid
roughly $750 million in losses, and reduced its insolvency on a
statutory accounting basis from an estimated $170 million in 2001
to $90.6 million as of December 31, 2008.

On November 9, 2012, the Albany County Supreme Court converted
FIC's rehabilitation proceeding to a liquidation proceeding styled
In the Matter of the Liquidation of Frontier Insurance Co., Index
No. 97/06.

Frontier Insurance Group, LLC filed its Chapter 11 case (Bankr.
S.D.N.Y. Case No. 05-36877) on June 5, 2005.  On December 2, 2005,
the Court confirmed the Debtor's chapter 11 plan, which became
effective on September 20, 2007.   The plan vested certain property
of the Debtor -- principally cash and causes of action -- in a
liquidating trust for the benefit of creditors.  On August 1, 2007,
this Court entered a final decree in the Debtor's chapter 11 case.
The case was closed on October 24, 2007.


FTS INTERNATIONAL: Moody's Hikes CFR to B2 & Keeps Outlook Positive
-------------------------------------------------------------------
Moody's Investors Service upgraded FTS International, Inc.'s (FTSI)
Corporate Family Rating (CFR) to B2 from Caa1 and Probability of
Default Rating (PDR) to B2-PD from Caa1-PD. Concurrently, Moody's
upgraded the ratings for the company's senior secured term loan due
2021 and 6.25% senior secured notes due 2022 to B3 from Caa2.
Moody's also assigned FTSI a Speculative Grade Liquidity (SGL)
rating of SGL-1. The rating outlook remains positive.

The upgrade reflects FTSI's improved balance sheet following its
debt repurchases, stronger liquidity profile from positive free
cash flow generation and establishment of a $250 million ABL
revolving credit facility, and Moody's expectation for operating
performance to continue to benefit from increased demand for
fracturing services from exploration and production (E&P)
companies. FTSI completed its initial public offering in February
2018, raising approximately $305 million in net proceeds for which
use included redemption of its remaining senior secured floating
rate notes due 2020 ($290 million outstanding as of December 31,
2017). Also in February 2018, the company prepaid $50 million of
its term loan. This substantial debt reduction during the first
quarter of 2018 follows $77 million in principal repayment during
the fourth quarter of 2017. These combined actions have reduced
leverage to a low level for the rating category, but the rating
incorporates the cyclicality and volatility of demand in the
company's market.

The positive rating outlook reflects Moody's expectation for
continued revenue and EBITDA growth over the next 12 months
supporting deleveraging ability from free cash flow generation. Pro
forma for the debt repurchases, the company's debt/EBTIDA measured
about 2.2x (based on estimated 2017 EBITDA) and Moody's anticipates
that leverage will further decrease below 2x over the next 12
months.

Upgrades:

Issuer: FTS International, Inc.

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

-- Corporate Family Rating, Upgraded to B2 from Caa1

-- Senior Secured Bank Credit Facility, Upgraded to B3 (LGD4)
    from Caa2 (LGD4)

-- Senior Secured Regular Bond/Debenture, Upgraded to B3 (LGD4)
    from Caa2 (LGD4)

Assignments:

Issuer: FTS International, Inc.

-- Speculative Grade Liquidity Rating, Assigned SGL-1

Outlook Actions:

Issuer: FTS International, Inc.

-- Outlook, Remains Positive

RATINGS RATIONALE

FTSI's B2 CFR reflects the company's leading position in the market
for hydraulic fracturing services in a highly cyclical industry
that can result in significant swings in revenue and profitability.
FTSI operates in a very competitive sector with some significantly
larger oilfield service companies. Moody's expects that the
company's performance will continue to benefit during 2018 as
upstream capital spending increases albeit at a more modest pace of
growth than 2017. The company's performance is highly correlated
with the cyclicality and volatility of upstream activities. During
the period from late 2014 to mid-2016, drilling and completion
activity had been significantly curtailed. The heavy toll
cyclicality can have on the company is reflected in the reduction
of revenues from $2.4 billion in 2014 to $1.4 billion in 2015 and
$532 million in 2016 before rebounding to an estimated $1.4 billion
in 2017. Since the beginning of 2017, the company reactivated 10
fleets as demand increased and as of January 8, 2018, had 27 active
fleets out of its total 32 available. Higher oil prices have driven
increased horizontal rig activity and the higher demand has enabled
the company to increase prices. The company has some customer
concentration with its top four comprising a third of revenue for
the first nine months of 2017. However, this is down from just over
half of revenue in 2016. The company's credit profile is supported
by relatively large scale as measured by active fleets and
horsepower and dispersed fleets servicing upstream companies in
multiple basins.

The SGL-1 liquidity rating reflects Moody's expectation that FTSI
will maintain very good liquidity over the next 12 months supported
by cash on the balance sheet, positive free cash flow generation,
and availability under the company's new $250 million ABL revolver.
The revolver expires in February 2023 but has a springing maturity
90 days prior to the term loan due April 2021 (or the 6.25% senior
secured notes due May 2022 if the term loan is repaid). Moody's
anticipates that the company's borrowing base will initially limit
availability to less than the full $250 million facility size. The
company has significant investment needs for fleet reactivation and
Moody's anticipates that working capital needs will also continue
to require investment to support growth. The company's revolver has
a springing (based on excess availability) minimum fixed charge
coverage ratio of 1x.

Factors that could lead to an upgrade include continued execution
by the company on growing its revenue and EBITDA in a demand
environment that remains supportive of current pricing levels,
further debt repayment, very good liquidity, and increased customer
diversification.

Factors that could lead to a downgrade include Moody's expectation
that debt/EBITDA will be sustained above 3x including as a result
of debt-funded acquisitions or dividends, EBITDA/interest below 3x,
deterioration in liquidity, or loss of a significant customer.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in May 2017.

FTSI, headquartered in Fort Worth, Texas, is a publicly traded
provider of hydraulic fracturing services to exploration and
production companies in North America. Significant shareholders
include Maju Investment (Mauritius) Pte Ltd (an indirect, wholly
owned subsidiary of Temasek Holdings (Private) Limited), CHK Energy
Holdings, Inc. (a wholly-owned subsidiary of Chesapeake Energy
Corporation), and Senja Capital Ltd (affiliated with RRJ Capital
Limited).


GABRIEL ENTERPRISES: Taps Jerome M. Douglas as Special Counsel
--------------------------------------------------------------
Gabriel Enterprises, LLC, seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire the Law Offices of
Jerome M. Douglas, LLC, as special counsel.

The firm will provide the Debtor with legal services in connection
with the sale of its real property located at 108 Park Street,
Orange, New Jersey.

JMD will be paid a flat fee of $6,500 for its services.

Jerome Douglas, Esq., at JMD, 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:

         Jerome M. Douglas, Esq.
         Law Offices of Jerome M. Douglas, LLC
         1600 Route 208 North
         P.O. Box 670
         Hawthorne, NJ 07507
         Phone: (973) 238-8638

                   About Gabriel Enterprises

Gabriel Enterprises, LLC owns properties located on Park St. in
Orange, N.J.  Gabriel filed a Chapter 11 petition (Bankr. D.N.J.
Case No. 16-11759) on Feb. 1, 2016, and is represented by David L.
Stevens, Esq., at Scura, Wigfield, Heyer & Stevens, LLP, in Wayne,
N.J.  At the time of the filing, the Debtor disclosed $1.21 million
in assets and $1.40 million in liabilities.


GRAL HOLDINGS: April 25 Plan Confirmation Hearing Set
-----------------------------------------------------
Judge G. Michael Halfenger of the U.S. Bankruptcy Court for the
Eastern District of Wisconsin approved the disclosure statement
explaining Gral Holdings Key Biscayne, LLC's plan, and fixed April
25, 2018, at 10:00 a.m., for the hearing on confirmation of the
Plan.

April 10 is the last day for filing written objections to
confirmation of the Plan.  April 17 is the last day for the Debtor
or any other party-in-interest to file responses to any objections
to confirmation of the Plan.

                     About Gral Holdings

Based in Milwaukee, Wis., Gral Holdings Key Biscayne, LLC, filed
for Chapter 11 bankruptcy protection (Bankr. E.D. Wis. Case No.
16-21330) on Feb. 20, 2016.  In the petition signed by Michael A.
Gral, General Partner, the Debtor estimated its assets and
liabilities at between $500,001 and $1 million.  Jonathan V.
Goodman, Esq., of Law Offices of Jonathan V. Goodman, serves as the
Debtor's bankruptcy counsel.


GREENWAY LLC: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Greenway, LLC as of Feb. 26, according to a
court docket.

                        About Greenway

Based in Miami, Florida, Greenway, LLC, a single asset real estate
company, filed a Chapter 11 petition (Bankr. S.D. Fla. Case No.
17-23693) on Nov. 13, 2017, estimating under $1 million in both
assets and liabilities.  The Debtor originally filed an application
to hire Tomas A. Pila, Esq., at Pila Law Group, as counsel.  The
Associates represents the Debtor as bankruptcy counsel.


HOLLYWOOD ONE: $140K Sale of Aberdeen Condo Unit 201 to Nickles OKd
-------------------------------------------------------------------
Judge Laurel M. Isocoff of the U.S. Bankruptcy Court for the
Southern District of Florida authorized Hollywood One, LLC's sale
of the residential condominium unit located at 4806 Mantlewood Way,
#201, Aberdeen, Maryland to Lawrence and Robin Nickle for
$140,000.

The sale is free and clear of any and all liens, claims,
encumbrances, with the liens of Fulton Bank to attach to the net
sale proceeds.

Notwithstanding the provisions of Bankruptcy Rule 6004(h), the
Order shall be effective and enforceable immediately upon entry and
its provisions shall be self-executing.  The Order is not subject
to the stay provided by Bankruptcy Rule 6004(h).

                      About Hollywood One

Hollywood One LLC is the owner of multiple parcels of undeveloped
land and two residential condominium units in Harford County,
Maryland.  Hollywood One filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Fla. Case No. 17-13739) on March 28, 2017, estimating
less than $1 million in both assets and liabilities.  Suzy Tate,
Esq., at Suzy Tate, PA, serves as bankruptcy counsel to the Debtor.
The Regional Team of Keller Williams American Premier Realty is
the Debtor's real estate broker.


HPCC MERGER: Moody's Assigns B2 CFR; Outlook Stable
---------------------------------------------------
Moody's Investors Service assigned a B2 Corporate Family Rating
(CFR) and B2-PD Probability of Default Rating (PDR) to HPCC Merger
Sub, Inc. (dba Wastequip). Concurrently, Moody's assigned B1
ratings to the company's proposed $50 million senior secured
first-lien revolver and $245 million senior secured first-lien term
loan, and a Caa1 rating to the proposed $100 million senior secured
second-lien term loan. The rating outlook is stable.

HPCC Merger Sub, Inc. is a new legal entity that has been
established as part of a transaction whereby affiliates of H.I.G.
Capital are acquiring Patriot Container Corp., the indirect parent
of Wastequip, LLC (B2 stable). HPCC Merger Sub, Inc. will be the
initial borrower under the credit facilities, and will merge with
Patriot Container Corp. following consummation of the buyout, with
the latter being the surviving entity. For the purposes of this
credit discussion, Moody's will refer to HPCC Merger Sub, Inc. and
Patriot Container Corp. collectively as "Wastequip."

Pro-forma for the proposed transaction, the company's
debt-to-EBITDA and EBITA-to-interest for the twelve months ended
December 31, 2017 approximated 6.0 times and 1.7 times,
respectively (all ratios are Moody's-adjusted unless otherwise
stated). Moody's expects leverage to approach the mid- to high-5.0
times range over the next 12-18 months.

"The incremental cash interest burden from nearly doubling
Wastequip's total debt combined with minimal starting cash balances
weakens liquidity," said Andrew MacDonald, Moody's lead analyst for
the company. "But Moody's believe the company's cash flows can
cover the higher interest expense sufficiently to allow for cash to
gradually build up and allow for debt repayment that along with
earnings growth will drive deleveraging longer term," added
MacDonald.

Moody's assigned the following ratings to HPCC Merger Sub, Inc.:

Corporate Family Rating, B2

Probability of Default Rating, B2-PD

$50 million Gtd Senior Secured First-Lien Revolving Credit Facility
due 2023, B1 (LGD3)

$245 million Gtd Senior Secured First-Lien Term Loan due 2025, B1
(LGD3)

$100 million Gtd Senior Secured Second-Lien Term Loan due 2026,
Caa1 (LGD5)

Outlook, Stable

The following ratings for Wastequip, LLC will be withdrawn upon
closing of the transaction and the concurrent repayment of debt
outstanding:

Corporate Family Rating, B2

Probability of Default Rating, B2-PD

$40 million Senior Secured First Out Revolving Credit Facility due
2019, Ba2 (LGD1)

$210 million Senior Secured First-Lien Term Loan due 2019, B3
(LGD4)

Outlook, Stable

RATINGS RATIONALE

Wastequip's credit profile (B2 Corporate Family Rating, stable
outlook) broadly reflects its very high financial leverage,
potential for aggressive financial policies underpinned by a long
history of financial sponsor ownership, small scale relative to the
rated manufacturer universe, and concentration in the waste
handling and recycling equipment sector. Barring any actions by its
new owners which would increase debt, modest leverage improvement
is anticipated, though the balance sheet will notably remain
somewhat strained through early 2019. The company's earnings growth
could be tempered by soft demand for products tied to end markets
like oil & gas, mining, and agriculture, which could slow the level
of expected improvement The rating is also constrained by potential
revenue volatility due to the clustered nature of the company's
contracts and moderate customer concentration. However, the rating
is supported by Wastequip's leading position within the highly
fragmented waste handling and storage space, and the meaningful
market share held by the company across its different product
lines. The company's wide range of product offerings and exposure
to a diversified set of end markets somewhat mitigates the
potential for unexpected, dramatic deterioration of key credit
metrics. Its cash flow generating ability ultimately enhances debt
reduction capabilities, strengthens liquidity and supports modest
improvement in credit metrics through year-end 2019.

The stable outlook reflects Moody's expectation that Wastequip will
continue to grow revenue in the low-single digit percent range and
generate positive free cash flow, leading to a modest reduction in
financial leverage and an improving liquidity profile over the next
eighteen months.

Ratings could be downgraded if debt-to-EBITDA is expected to be
sustained above 6.0 times beyond 2018, retained cash flow-to-net
debt falls below 5% and/or liquidity weakens further. Increased
reliance on revolver borrowings, a sizable debt-financed
acquisition or dividends could also result in the ratings being
downgraded.

While unlikely near term, factors that could warrant consideration
of an upgrade include financial policies supportive of
debt-to-EBITDA being sustained below 4.5 times, retained cash
flow-to-net debt remaining above 15%, and at least a good liquidity
profile is maintained.

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

Wastequip is a leading manufacturer of waste handling and recycling
equipment used to collect, process, and transport solid and liquid
waste in North America. The company manufactures a range of waste
handling products including plastic residential containers,
industrial containers of various sizes, hoists, tarpers, vacuum
vehicles, compactors and balers. Following the proposed
transaction, the company will be majority-owned by financial
sponsor H.I.G. Capital. Management reported revenue for the
twelve-month period ended December 31, 2017 was $489 million.


INFINITE SERVICES: Taps Rountree & Leitman as Legal Counsel
-----------------------------------------------------------
Infinite Services & Solutions, Inc., seeks approval from the U.S.
Bankruptcy Court for the Northern District of Georgia to hire
Rountree & Leitman, LLC as its legal counsel.

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

The firm's hourly rates are:

         William Rountree     $400
         Hal Leitman          $270
         Law Clerk            $150
         Paralegal            $120

The Debtor paid the firm a retainer in the sum of $22,544 prior to
the Petition Date.

Rountree & Leitman does not represent any interest adverse to the
Debtor and its estate, according to court filings.

The firm can be reached through:

         William Anderson Rountree, Esq.
         Rountree & Leitman, LLC
         2800 North Druid Hills Road, Building B
         Atlanta, GA 30329
         Tel: (404) 584-1244
         Fax: (404) 581-5038
         E-mail: wrountree@randllaw.com

                    About Infinite Services

Infinite Services & Solutions, Inc. -- http://www.infinitessol.com/
-- is an innovative logistics support, training, maintenance,
information technology, and systems engineering and integration
corporation.  Founded in 2006, the company provides services and
solutions to governmental and commercial customers globally.  The
company is headquartered in Atlanta, Georgia.

Infinite Services sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 18-52712) on Feb. 16,
2018.  In the petition signed by CFO Khary Lewis, the Debtor
estimated assets of less than $100,000 and liabilities of $1
million to $10 million.


INPIXON: Intracoastal Capital Reports 9.99% Stake as of Feb. 15
---------------------------------------------------------------
Mitchell P. Kopin, Daniel B. Asher and Intracoastal Capital LLC
disclosed in a Schedule 13G filed with the Securities and Exchange
Commission that as of Feb. 15, 2018, they beneficially own 565,498
shares of common stock of Inpixon, constituting 9.99 percent of the
shares outstanding.

Each of the Reporting Persons may have been deemed to have
beneficial ownership of 565,498 shares of Common Stock which
consists of (i) 75,900 shares of Common Stock held by Intracoastal,
(ii) 425,000 shares of Common Stock issuable upon exercise of
Intracoastal Warrant 1, and (iii) 64,598 shares of Common Stock
issuable upon conversion of 535.80 shares of Preferred Stock held
by Intracoastal, and all those shares of Common Stock in the
aggregate represent beneficial ownership of approximately 9.99% of
the Common Stock, based on (1) 1,845,080 shares of Common Stock
outstanding as of Feb. 12, 2018 as reported by the Company, plus
(2) 3,325,968 shares of Common Stock issued at the closing of the
transaction contemplated by the SPA, (3) 425,000 shares of Common
Stock issuable upon exercise of Intracoastal Warrant 1, and (4)
64,598 shares of Common Stock issuable upon conversion of 535.80
shares of Preferred Stock held by Intracoastal.

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

                     https://is.gd/6o5dvu

                        About Inpixon

Headquartered in Palo Alto, California, Inpixon is a technology
company that helps to secure, digitize and optimize any premises
with Indoor Positioning Analytics (IPA) for businesses and
governments in the connected world.  Inpixon Indoor Positioning
Analytics is based on radically new sensor technology that finds
all accessible cellular, Wi-Fi, Bluetooth and RFID signals
anonymously.  Paired with a high-performance, data analytics
platform, this technology delivers visibility, security and
business intelligence on any commercial or government premises
world-wide.  Inpixon's products, infrastructure solutions and
professional services group help customers take advantage of
mobile, big data, analytics and the Internet of Things (IoT).

Inpixon reported a net loss of $27.50 million in 2016 following a
net loss of $11.72 million in 2015.  As of Sept. 30, 2017, Inpixon
had $35.20 million in total assets, $51.67 million in total
liabilities and a total stockholders' deficit of $16.46 million.

Marcum LLP, in New York, issued a "going concern" opinion in its
report on the consolidated financial statements for the year ended
Dec. 31, 2016, citing that the Company has recurring losses from
operations and expects to continue to have losses in the
foreseeable future.  These conditions raise substantial doubt about
its ability to continue as a going concern.


INTERNATIONAL PLACE: Taps Hirschler Fleischer as Legal Counsel
--------------------------------------------------------------
International Place at Tysons, LLC, and 8133 Leesburg Pike, LLC,
filed applications seeking approval from the U.S. Bankruptcy Court
for the Eastern District of Virginia to hire Hirschler Fleischer as
their legal counsel.

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

Hirschler received a retainer from the Debtors in the amount of
$33,717, of which a portion was used to pay the filing fees.

Stephen Leach, Esq., a principal of Hirschler, disclosed in a court
filing that his firm is a "disinterested person" as defined in
Section 101(14) of the Bankruptcy Code.

Hirschler can be reached through:

     Stephen E. Leach, Esq.
     Kristen E. Burgers, Esq.
     Hirschler Fleischer
     8270 Greensboro Drive, Suite 700
     Tysons, VA 22102
     Email: sleach@hf-law.com
     Tel: (703) 584-8362

               About International Place at Tysons
                      and 8133 Leesburg Pike

International Place at Tysons is a mixed-use development project by
Stafford, Virginia-based developer, Garrett Cos.  It owns a real
property located at 8201 Leesburg Pike, Vienna.  Meanwhile,
Leesburg's key asset is a real property located at 8133 Leesburg
Pike, Vienna.

The owners of the project, International Place at Tysons, LLC, and
8133 Leesburg Pike, LLC, filed petitions for Chapter 11 bankruptcy
protection (Bankr. E.D. Va. Case Nos. 18-10431 and 18-10432) on
Feb. 6, 2018.

In the petitions signed by Andrew S. Garrett, president of manager,
each debtor estimated $10 million to $50 million in assets and $10
million to $50 million in debt.

The Hon. Brian F. Kenney oversees the cases.

Hirschler Fleischer is the Debtors' legal counsel.


J+T LLC: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of J+T, LLC as of Feb. 26, according to a court
docket.

                          About J+T LLC

J+T, LLC sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. M.D. Fla. Case No. 17-07685) on Dec. 10, 2017.  At the time
of the filing, the Debtor estimated assets and liabilities of less
than $500,000.  Judge Cynthia C. Jackson presides over the case.
BransonLaw, PLLC is the Debtor's bankruptcy counsel.


JASON INCORPORATED: Moody's Assigns Caa1 Corporate Family Rating
----------------------------------------------------------------
Moody's Investors Service changed the ratings outlook for Jason
Incorporated to stable from negative, and concurrently moved the
company's Caa1 Corporate Family Rating (CFR), Caa1 --PD Probability
of Default Rating (PDR), and Speculative Grade Liquidity Rating
(SGL)-3 to Jason Incorporated from Jason Holdings, Inc. I while
affirming existing ratings for Jason Incorporated, including
first-lien senior secured credit facilities consisting of a $40
million revolver expiring in 2019 and a $310 million term loan due
2021 (both B3), and a $110 million second-lien senior secured term
loan due 2022 (Caa3).

"Despite anticipated top-line challenges in 2018, Moody's believe
the company will be able to maintain its profitability and that
liquidity will remain adequate," said Inna Bodeck, Moody's lead
analyst for Jason. "Nonetheless, Moody's remain concerned and view
the prospect of ongoing declines in business activity as likely to
exacerbate the refinancing risk associated with upcoming debt
maturities in 2021 and 2022," added Bodeck.

In addition to the current cash liquidity buffer, Moody's affirmed
its ratings predicated in part on expectation that the company will
continue to improve EBITDA margins (to approximately 12.4%,
incorporating Moody's standard adjustments, and in spite of Moody's
forecasted 6%-8% decline in sales) and generate positive free cash
flow (approximately $5-$10 million over the next twelve months).
Nonetheless, ratings are constrained by the continuing projected
decline in sales in the face of approaching maturities of the
first- and second-lien term loans. The $310 million ($298.8 million
remaining amount) first-lien term loan is due June 30, 2021, and
the $110 million ($90.0 million remaining amount) second-lien term
loan is due June 30, 2022.

The change in ratings outlook to stable is due to the company's
demonstrated ability to manage its cost structure in a planned
manner, in conjunction with an improved liquidity position. Due to
the recent US tax overhaul, the company has better access to cash
from non-US operations, and thus Moody's expects that it will be in
a better position to address at least the revolver maturity in the
next few months.

Moody's took the following actions:

Issuer: Jason Incorporated

Corporate Family Rating, Assigned at Caa1

Probability of Default Rating, Assigned at Caa1

Speculative Grade Liquidity Rating, Assigned at SGL-3

$40 Million Gtd Senior Secured First-Lien Revolving Credit Facility
due 2019, Affirmed at B3 (LGD3)

$310 Million Gtd Senior Secured First-Lien Term Loan due 2021,
Affirmed at B3 (LGD3)

$110 Million Gtd Senior Secured Second-Lien Term Loan due 2022,
Affirmed at Caa3 (LGD5)

Outlook, changed to Stable from Negative

Issuer: Jason Holdings, Inc. I

Corporate Family Rating, Withdrawn at Caa1

Probability of Default Rating, Withdrawn at Caa1-PD

Speculative Grade Liquidity Rating, Withdrawn at SGL-3

Outlook, Withdrawn at Negative

RATINGS RATIONALE

Jason's Caa1 Corporate Family Rating broadly reflects its moderate
size, high leverage and exposure to cyclical end markets, as well
as challenges associated with growing its top line in three key
divisions (seating, acoustics and components, collectively
representing 71% of LTM 9/30/2017 revenues). These risks are
partially mitigated by the company's good market position across
several businesses, better than expected profitability and positive
projected free cash flow combined with existing cash on the balance
sheet. Moody's expects that Jason will continue to experience
organic revenue declines in mid-single digit percent range, but
profitability should improve slightly as the finishing division
benefits from improved industrial markets and the acoustics
division focuses on additional costs take-out and broader operating
efficiencies in light of substantial sales declines therein.
Moody's expects leverage (6.0 times debt-to-EBITDA for the LTM
period ended 09/30/2017, incorporating Moody's standard
adjustments) to modestly worsen and remain above 6.0 time over the
next 12 months, but free cash flow should remain positive over the
same period.

Jason's liquidity profile is adequate, as reflected in the SGL-3
ratings, supported by existing cash, positive projected free cash
flow and unused capacity under a $40 million revolving credit
facility expiring in June 2019, which Moody's expects will be
renewed near term.

The stable ratings outlook reflects Moody's view that Jason's
revenues will continue to decline in the mid-single digit percent
range, but that this will be offset by the company's focus on
improving its cost structure. It also reflects an expectation that
the company will generate $5-$10 million of free cash flow and
successfully renew its $40 million revolving credit facility which
otherwise expires in June 2019.

Ratings could be downgraded if the company's operating performance
deteriorates due to unexpected challenges in the operating
environment and/or operational issues, more broadly, resulting in
reduced profitability and increased leverage. A worsened liquidity
profile, including an inability to renew its revolving credit
facility in relatively short order, could also prompt consideration
for a prospective ratings downgrade.

Ratings could be upgraded if the company demonstrates an ability to
grow its top line on a consistent basis and continues to manage
through operating inefficiencies in a planned matter, such that
debt-to-EBITDA leverage is sustained below 6.0 times and at least
an adequate liquidity profile is maintained.

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

Jason Incorporated, headquartered in Milwaukee, Wisconsin, is a
diversified manufacturing company serving industrial, auto and
other industries. Its products include finishing (industrial
brushes, buffing wheels and compounds), seating (static and
suspension seating for motorcycle, construction, agricultural, lawn
and turf-care equipment), acoustics (fiber-based acoustical
insulation products for the auto industry) and components (metal,
rail safety and other). Revenue for the twelve months ended
September 30, 2017 was approximately $662 million.


KATY INDUSTRIES: Seeks Termination of Retiree Benefits
------------------------------------------------------
BankruptcyData.com reported that Katy Industries filed with the U.
S. Bankruptcy Court a motion for an order, pursuant to Section 1114
of the Bankruptcy Code, terminating retiree benefits.  The motion
explains, "Historically, the Debtors offered certain of their
employees the ability to participate in fully insured and
self-funded retiree medical programs (the 'Retiree Benefits').  As
of the Petition Date, the Debtors' average monthly contribution on
account of the Retiree Benefits has been approximately $7,500.  The
Debtors have continued to provide the Retiree Benefits for many
months after the Petition Date, while attempting to negotiate with
the Retiree Committee a settlement related to the impending
termination of the Retiree Benefits necessitated by the Debtors'
wind-down following the sale of substantially all of their assets
under section 363 of the Bankruptcy Code (the 'Sale') to Jansan
Acquisition.  The Sale to Jansan closed on July 21, 2017 (the
'Closing'), and the Retiree Committee was appointed on or about
July 31, 2017.  On August 31, 2017, the Debtors made a settlement
offer of $36,000 to the Retiree Committee in connection with the
proposed termination of the Retiree Benefits, which amount
represented approximately five months of the Debtors' contributions
for Retiree Benefits.  In December 31, 2017, unbeknownst to the
Debtors, certain Retiree Benefits administered by Jansan under the
Assumed Plans expired and lapsed, resulting in a loss of benefits
coverage to the Retirees.  Because the Debtors did not administer
Retiree Benefits provided under the Assumed Plans following the
Sale, they were not provided an opportunity to renew, or receive
notice of the pending expiration of, the Assumed Plans."

The Court scheduled a hearing date on March 12, 2018 to consider
the termination motion, with objections due on the same date,
according to the report.

                    About Katy Industries

Katy Industries, Inc. -- http://www.katyindustries.com/-- a
publicly traded Delaware corporation, and its wholly-owned direct
and indirect subsidiaries were organized as a Delaware corporation
in 1967.  The Company is a well-known manufacturer, importer, and
distributor of commercial cleaning and consumer storage products as
well as a contract manufacturer of structural foam products.  It
distributes its products across the United States and Canada.   It
is best known for such brands as Continental, Huskee, Color Guard,
Wilen, Muscle Mop, Contico, Tuffbin, and SilverWolf, among many
others.

The Company operates three manufacturing facilities located in
Jefferson City, Missouri, Tiffin, Ohio, and Fort Wayne, Indiana,
with its corporate headquarters located in St. Louis, Missouri.

Katy Industries, Inc., and its affiliates filed a voluntary
petition for relief under the Bankruptcy Code (Bankr. D. Del. Lead
Case No. 17-11101) on May 14, 2017.  In the petition signed by CRO
Lawrence Perkins, Katy Industries disclosed $821,321 in assets and
$58,421,346 in liabilities.

Stuart M. Brown, Esq., at DLA Piper LLP (US), is the Debtors'
bankruptcy counsel. JND Corporate Restructuring is the claims and
noticing agent.

M.J. Renick & Associates LLC has been appointed by the Court as fee
examiner.

On July 31, 2017, the Office of the U.S. Trustee formed a committee
of retirees.  The Retirees' Committee hired Womble Carlyle
Sandridge & Rice, LLP as legal counsel.


LAKESHORE FARMS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Lakeshore Farms, Inc.
        24806 Highway 159
        Forest City, MO 64451

Business Description: Lakeshore Farms, Inc. is a privately held
                      company in Forest City, Missouri in the
                      oilseed and grain farming industry.

Chapter 11 Petition Date: February 28, 2018

Case No.: 18-50077

Court: United States Bankruptcy Court
       Western District of Missouri (St. Joseph)

Judge: Hon. Brian T. Fenimore

Debtor's Counsel: Joanne B. Stutz, Esq.
                  EVANS & MULLINIX, P.A.
                  7225 Renner Road, Suite 200
                  Shawnee, KS 66217
                  Tel: 913-962-8700
                  Fax: 913-962-8701
                  E-mail: jstutz@emlawkc.com

Total Assets: $8.52 million

Total Liabilities: $5.57 million

The petition was signed by Jonathan L. Russell, president.

A full-text copy of the petition, along with a list of 20 largest
unsecured creditors, is available for free at
http://bankrupt.com/misc/mowb18-50077.pdf


LEHMAN BROTHERS: Administrative Claim Deadline Set for April 2
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York set
April 2, 2018, at 5:00 p.m. (Prevailing Eastern Time), as the
deadline for each person or entity to file a proof of claim for
certain administrative expenses against Lehman Brothers Inc.  

All proof of claim must be filed at:

a) if by overnight courier or hand delivery to:

      Epiq Bankruptcy Solutions LLC
      Attn: Lehman Brothers Inc. Claims Processing
      10300 SW Allen Blvd.
      Beaverton, OR 97005

b) first class mail:

      Lehman Brothers Inc. Claims Processing
      c/o Epiq Bankruptcy Solutions LLC
      P.O. Box 4470
      Beaverton, OR 97076-4470

For more information, visit http://www.lehmantrustee.com. Proof of
claim form may be obtained by contacting 1-866-841-7868 (domestic)
or 1-503-597-7690 (international).

                     About Lehman Brothers

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

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

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset LLC
sought for bankruptcy protection in December 2009.

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

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

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

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

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

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

                          *     *     *

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


LEXMARK INTERNATIONAL: Moody's Lowers CFR to B3; Outlook Negative
-----------------------------------------------------------------
Moody's Investors Service downgraded Lexmark International, Inc.'s
corporate family rating to B3 from Ba3. As part of the rating
action, Moody's downgraded Lexmark's probability of default rating
to B3-PD from Ba3-PD and the senior unsecured debt ratings to B3
from Ba3. The outlook remains negative.

RATINGS RATIONALE

The downgrade of the corporate family rating reflects Moody's
sharply lowered expectations for Lexmark's operating performance
and liquidity in 2018 given its weak performance in 2017 and, in
particular, the sharp decline in supplies revenues. Despite
expectations for stable hardware segment revenue for 2018, Moody's
believes the partial rebound in revenue and EBITDA from Lexmark's
supplies segment in 2018 compared to 2017 will fall short of prior
expectations. The negative impact from the deterioration in the
supplies segment in 2017 is meaningful given that supplies account
for the majority of revenue and effectively all gross profits.
Moody's revised base case indicates that Lexmark's adjusted
debt/EBITDA will peak above 10x and remain above 6.5 times over the
next 18 months. As a result, Moody's projects free cash flow to
remain negative in 2018 despite expected improvement compared to
2017. Beyond the next 12 months, Moody's expect liquidity to be
weak absent asset sales or cash contributions from its financial
sponsors.

The negative outlook reflects the significant challenges that
Lexmark faces as it tries to stabilize its US and European
businesses and expand in Asia amid the persistent contraction in
printed pages and intense competition, especially for a company of
its size compounded by strained liquidity. The outlook also
captures the potential for the company's financial profile to
further erode if Lexmark is unable to grow its installed base,
sufficiently turn around performance in the supplies segment,
defend its overall market share, or achieve successful product
launches in new markets including emerging regions.

Although Lexmark has a good market position in its core printing
business within the mature global distributed printing and imaging
industry, particularly in the Americas and parts of Europe, the
company has suffered from the global shift to digital documents
resulting in lower demand for the company's printing products. At
the same time, the company has been going through a business model
transition towards higher usage print devices, managed print
services, and expansion into emerging markets while trying to
realize cost synergies such as combining certain manufacturing
functions such as procurement and assembly, with those of Apex
Technology Co., Ltd. (aka Ninestar), the leading member of the
acquiring consortium.

Ratings for the senior unsecured notes (B3, LGD4) reflect the
overall probability of default of the company, as reflected in the
PDR of B3-PD, and the expectation for average family recovery in a
default scenario. The company had a 90-day window post-closing to
provide a collateral package to satisfy the requirements in the
senior unsecured notes indenture, but the process remains delayed
while the parties negotiate final terms. At this point, the credit
facilities and notes remain unsecured, but upon agreeing to
documentation, the notes will be secured on a pari passu basis with
the $200 million revolver and $1.2 billion of term loans taken on
with the consortium buy-out. The B3 rating on the notes is not
expected to change if security is obtained since both the credit
facilities and notes would become secured and remain pari passu.

In July 2017, the company completed the sale of its Enterprise
Software operations to buyout firm Thoma Bravo LLC. As expected,
net proceeds were used to repay most of the $1.5 billion of bridge
financing/shareholder loans issued by an indirect parent holding
company of Lexmark. Only $245 million of shareholder loans remain,
but Lexmark will not be able to fund distributions that could be
used to repay parent bridge loans given the need to meet the net
leverage ratio test of 2.75x or better under the credit agreement.

Moody's expects Lexmark's liquidity will be barely adequate over
the next 12 months given the upsized $200 million revolver is fully
drawn, free cash flow in 2018 is expected to be negative, and
scheduled term loan amortization in 2018 and 2019 will be $64
million each year. Moody's expects continued tight management of
working capital and capital spending (Moody's note that
manufacturing is largely outsourced). Moody's expect liquidity to
be weak beyond the next 12 months given the need to refinance the
fully drawn $200 million revolver prior to its November 2019
expiry, four months ahead of the March 2020 maturity of the $351
million of senior notes. Moody's believes certain existing lenders
would be willing to refinance the revolver given their longer dated
term loan exposure, but there are no lending commitments and
Lexmark's operating performance could weaken further. Non-core real
estate was sold in December 2017 raising $46 million of cash, but
Moody's do not expect future asset sales to raise as much cash.

A rating upgrade is not likely in the next nine to 12 months given
the negative outlook and very high leverage; however, Moody's could
change the outlook to stable if the company improves liquidity with
positive free cash flow, enhanced cash balances, or committed
support from its sponsors or lenders to address cash shortfalls or
refinance near term maturities. Beyond the next nine to 12 months,
ratings could be upgraded if the company is able to demonstrate
sustained improvement in its printer hardware installed base and a
turnaround in contributions from supplies revenue resulting in
adjusted EBITDA margins above 12% and adjusted total debt to EBITDA
below 6.5 times.

Ratings could be downgraded if liquidity deteriorates below
expected levels or Moody's does not believe the company will be
able to address the November 2019 revolver maturity. Ratings could
also be downgraded if the company is not able to stabilize revenues
or track expectations for EBITDA and free cash flow growth in 2018
and 2019 which could lead to an unsustainable capital structure
given the 2020 note maturity as well as stepped up term loan
amortization.

Rating actions:

Issuer: Lexmark International, Inc.

-- Corporate Family Rating -- Downgraded to B3 from Ba3

-- Probability of Default Rating -- Downgraded to B3-PD from Ba3-
    PD

-- Senior Unsecured Debt -- Downgraded to B3 (LGD4) from Ba3
    (LGD4)

-- Outlook: Remains Negative

Based in Lexington, KY, Lexmark is a global developer and
manufacturer of laser printer, multifunction devices, and
associated consumable supplies for the enterprise as well as small
and medium-sized business markets. In November 2016, an Asian
consortium acquired Lexmark in a $3.6 billion leveraged buyout.

The principal methodology used in these ratings was Diversified
Technology Rating Methodology published in December 2015.



LINDA'S CHERRY: Taps Elfand Associates as Accountant
----------------------------------------------------
Linda's Cherry Hill LLC and Linda the Bra Lady LLC filed separate
applications seeking approval from the U.S. Bankruptcy Court for
the District of New Jersey to hire Elfand Associates, P.C. as their
accountant.

The firm will assist the Debtors in preparing monthly operating
reports and tax returns and will provide other accounting services
necessary to operate their business.

The firm's accountants and their hourly rates are:

     Alvin Elfand          CPA            $350
     Howard Lieberman      CPA            $250
     Michael Arcieri       Accountant     $175

The hourly rates for administrative professionals range from $100
to $150.

Alvin Elfand, a certified public accountant and member of Elfand
Associates, disclosed in a court filing that he and his firm are
"disinterested" as defined in section 101(14) of the Bankruptcy
Code.

Elfand Associates can be reached through:

     Alvin Elfand
     ELFAND & ASSOCIATES, P.C.
     501 Office Center Drive, Suite 285
     Fort Washington, PA 19034
     Tel: (215) 653-0990 / (856) 334-9988
     Fax: (215) 653-0908
     E-mail: info@elfand.com

                     About Linda's Cherry Hill

Linda's Cherry Hill, LLC, and Linda the Bra Lady --
https://www.lindasonline.com/ -- are privately held companies that
operate lingerie stores selling bras, underwear, shapewear, and bra
accessories at their New York City and Cherry Hill, NJ locations.
The Companies specialize in maternity bras, sports bras, mastectomy
department, bridal bras, bikini tops and waist cinchers.  They
offer brands like Simone Perele, Elila Bras, Affinitas Intimates,
Curvy Kate, Miss Mandalay and Shock Absorber.

Linda's Cherry Hill, LLC, based in Cherry Hill, NJ, and its
debtor-affiliates, filed a Chapter 11 petition (Bankr. D.N.J. Lead
Case No. 18-12468) on Feb. 7, 2018.  

In its petition, Linda's Cherry Hill's estimated $50,000 to
$100,000 in assets and $1 million to $10 million in liabilities;
Linda the Bra Lady's estimated $100,000 to $500,000 and $1 million
to $10 million in liabilities. The petition was signed by Linda
Becker, manager.

The Hon. Jerrold N. Poslusny Jr. presides over the case.

E. Richard Dressel, Esq., at Flaster Greenberg P.C., serves as
bankruptcy counsel the Debtor.


LSB INDUSTRIES: Swings to $59.4 Million Net Loss in 2017
--------------------------------------------------------
LSB Industries, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting a net loss
attributable to common stockholders of $59.44 million on $427.50
million of net sales for the year ended Dec. 31, 2017, compared to
net income attributable to common stockholders of $64.76 million on
$374.58 million of net sales for the year ended Dec. 31, 2016.

As of Dec. 31, 2017, LSB Industries had $1.18 billion in total
assets, $576.02 million in total liabilities, $174.95 million in
redeemable preferred stocks, and $438.19 million in total
stockholders' equity.

Net cash provided by continuing operating activities was $2.3
million for 2017 compared to net cash used of $22.0 million for
2016, an improvement of approximately $24.3 million.  

For 2017, the net cash provided is the result of a net loss of
$29.2 million plus a noncash adjustment of $67 million for
depreciation, depletion and amortization of PP&E and other noncash
adjustments totaling approximately $13.7 million less an adjustment
of $40.4 million for deferred income taxes and approximately $8.8
million of net cash used primarily from the Company's working
capital including an increase in our trade accounts receivable.

For 2016, the net cash used is the result of net income of $112.2
million less adjustments of $200.3 million for net income from
discontinued operations and $42 million for deferred income taxes,
plus adjustments of $59.4 million for depreciation, depletion and
amortization of PP&E, $8.7 million for a loss on extinguishment of
debt, other noncash adjustments totaling approximately $12.4
million and $27.6 million of net cash provided primarily from our
working capital including an increase in our trade accounts
payable, and deferred income associated with an amended LDAN
purchase and sales agreement.

Net cash used by continuing investing activities was $10.8 million
for 2017 compared to net cash provided of $153.3 million, a change
of $164.1 million.  For 2017, the net cash used relates to
expenditures for PP&E of $35.4 million partially offset by net
proceeds of $23.8 million from the sale of our working interests in
certain natural gas properties, engineered products business and
other property and equipment and $0.8 million associated with other
activities.

For 2016, the net cash provided consists of $362 million of net
proceeds from the sale of the Climate Control Business and other
property and equipment and $3.8 million associated with other
activities partially offset by $212.5 million of cash used for
expenditures for PP&E.

Net cash used by continuing financing activities was $16.1 million
for 2017 compared to $193.7 million for 2016, a change of
approximately $177.6 million.

For 2017, the net cash used consists of payments on long-term debt
and related costs of $14.2 million and $1.9 million of other
activities.

For 2016, the net cash used relates to the payments on the 7.75%
and 12% Senior Secured Notes totaling $100 million, the redemption
of a portion of the Series E Redeemable Preferred including
dividends of approximately $80 million, payments on long-term debt
of $15.4 million and payments of debt and equity modification,
extinguishment and issuance costs of $13.1 million partially offset
by net proceeds from long-term debt financing of approximately
$14.8 million.

The Company currently has a revolving credit facility, its Working
Capital Revolver Loan, with a borrowing base of $50 million.  As of
Dec. 31, 2017, the Company's Working Capital Revolver Loan was
undrawn and had $41.2 million of availability.

The Company has planned capital improvements relating to
maintaining and enhancing safety and reliability at its facilities
of approximately $35 million for 2018.

"We believe that the combination of our cash on hand, the
availability on our revolving credit facility, and our cash flow
from operations will be sufficient to fund our anticipated
liquidity needs for the next twelve months," stated the Company in
the report.  

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

                      https://is.gd/JajTDm

                      About LSB Industries

Headquartered in Oklahoma City, Oklahoma, LSB Industries, Inc. --
http://www.lsbindustries.com/-- manufactures and sells chemical
products for the agricultural, mining, and industrial markets.  The
Company owns and operates facilities in Cherokee, Alabama, El
Dorado, Arkansas and Pryor, Oklahoma, and operates a facility for a
global chemical company in Baytown, Texas.  LSB's products are sold
through distributors and directly to end customers throughout the
United States.

                           *    *    *

In November 2017, S&P Global Ratings affirmed its 'CCC' corporate
credit rating on Oklahoma City-based LSB Industries Inc.  S&P said
the company continues to experience operational issues at both its
El Dorado and Pryor plants, and although the company has shown
improved operating results thus far in 2017, S&P still views
leverage metrics to be at unsustainable levels for the next year.

In November 2016, Moody's Investors Service downgraded LSB's
corporate family rating (CFR) to 'Caa1' from 'B3', its probability
of default rating to 'Caa1-PD' from 'B3-PD', and the $375 million
guaranteed senior secured notes to 'Caa1' from 'B3'.  LSB's 'Caa1'
CFR rating reflects Moody's expectations that the combined
uncertainty over operational reliability and the compressed
margins, resulting from the low nitrogen fertilizer pricing
environment, could result in continued weak financial metrics for a
protracted period.


MANIX HOLDINGS: April 11 Evidentiary Hearing on Plan, Disclosures
-----------------------------------------------------------------
Judge Karen S. Jennemann of the U.S. Bankruptcy Court for the
Middle District of Florida conditionally approved Manix Holdings,
LLC's disclosure statement to accompany its proposed plan of
reorganization.

An evidentiary hearing will be held on April 11, 2018 at 2:45 PM in
Courtroom 6A, 6th Floor, George C. Young Courthouse, 400 West
Washington Street, Orlando, FL 32801 to consider and rule on the
disclosure statement and any objections or modifications and, if
the Court determines that the disclosure statement contains
adequate information, to conduct a confirmation hearing, including
hearing objections to confirmation.

Creditors and other parties in interest must file their written
acceptances or rejections of the plan (ballots) no later than seven
days before the date of the Confirmation Hearing.

Any party desiring to object to the disclosure statement or to
confirmation must file its objection no later than seven days
before the date of the Confirmation Hearing.

                        About Manix Holdings

Manix Holdings, a Florida Limited Liability Company, owns a small
hotel currently operating on its real property in Osceola County,
Florida at 7491 West Irlo Bronson Parkway, Kissimmee, Florida.

Manix Holdings filed a Chapter 11 petition (Bankr. M.D. Fla. Case
No. 17-04209) on June 26, 2017.  The petition was signed by Jill
Masoud of Brouse Hotel Group, LLC, managing member of the Debtor.
At the time of filing, the Debtor estimated under $50,000 in assets
and $1 million to $10 million in liabilities.

The Debtor is represented by Roddy B. Lanigan, Esq., at Lanigan &
Lanigan PL.

On Oct. 4, 2017, the Court appointed Terry Hatfield as Broker.


MARINE MAMMAL: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Marine Mammal Conservancy, Inc. as of Feb.
26, according to a court docket.

                  About Marine Mammal Conservancy

Marine Mammal Conservancy, Inc., is a non-profit organization
operating in the Florida Keys.  It owns a veterinarians facility at
102200 Overseas Highway in Key Largo, Florida.

Marine Mammal Conservancy sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-10594) on Jan. 16,
2018.  In the petition signed by Art Cooper, director and
president, the Debtor estimated assets of less than $1 million and
liabilities of $1 million to $10 million.  Judge Laurel M. Isicoff
presides over the case.  Wargo & French, LLP, is the Debtor's legal
counsel.


MARYLAND HOME: Taps P.A. Snyder & Company as Accountant
-------------------------------------------------------
Maryland Home Inspectors, Inc., seeks approval from the U.S.
Bankruptcy Court for the District of Maryland to hire P.A. Snyder &
Company, Inc. as its accountant.

The firm will assist the Debtor in preparing its tax returns for
2017 and will provide general accounting services.  

P.A. Snyder will charge $75 per hour for accounting work and $150
per hour for tax-related services.  The Debtor has agreed to pay
the firm a retainer in the sum of $2,500.   

Patricia Snyder, a certified public accountant and member of P.A.
Snyder, disclosed in a court filing that the firm has no connection
to the Debtor or any of its creditors.

The firm can be reached through:

     Patricia A. Snyder
     P.A. Snyder & Company, Inc.
     800 Compton Road, Suite 34
     Cincinnati, OH  45231-3847
     Phone: 513-729-3700
     Fax: 513-729-2323
     E-mail: PASnyder@srcpa.com

                  About Maryland Home Inspectors

Maryland Home Inspectors, Inc., based in Elliot City, Maryland,
filed a Chapter 11 petition (Bankr. D. Md. Case No. 17-27122) on
Dec. 22, 2017, estimating under $1 million in assets and
liabilities.  Judge David E. Rice is the case judge.  Ronald J.
Drescher, Esq. at Drescher & Associates, P.A., is the Debtor's
counsel.


MAXAR TECHNOLOGIES: S&P Alters Outlook to Neg. & Affirms 'BB' CCR
-----------------------------------------------------------------
S&P Global Ratings revised its outlook on Maxar Technologies Ltd.
to negative from stable and affirmed all of its ratings, including
its 'BB' corporate credit rating, on the company.

S&P said, "The negative outlook reflects that Maxar's
lower-than-anticipated earnings and revenue will cause its credit
ratios to be weaker than we had expected in 2018. The company's
performance has been negatively affected by the
slower-than-expected recovery in the communications satellite
market and delays on its other programs. We now expect Maxar's
debt-to-EBITDA to be in the 4.5x-5.0x range in 2018, which compares
with our previous forecast of 4.0x-4.5x. However, we anticipate
that the company's debt-to-EBITDA will decline below 4.5x in 2019
as its earnings increase.

"The negative outlook on Maxar reflects our expectation that the
company's earnings will be weaker than we had previously expected
due to the slower-than-anticipated recovery in the communications
satellite market and delays on certain contracts, which were pushed
out beyond 2018. We expect the company's debt-to-EBITDA metric to
be 4.5x-5.0x in 2018.

"We could lower our ratings on Maxar if the company's
debt-to-EBITDA remains above 4.5x in 2018 and appears unlikely to
approach 4.0x in 2019. This could occur if the company's earnings
decline because of continued weakness in certain key markets or it
unexpectedly loses contract awards. We could also lower our ratings
on Maxar if its debt levels rise above our current expectations.

"We could revise our outlook on Maxar to stable if its
debt-to-EBITDA approaches 4.0x in 2019 and we expect it to remain
at or below that level for a sustained period. This could occur if
Maxar secures new contracts as market conditions improve, if the
company realizes a higher-than expected level of synergies from the
DigitalGlobe acquisition, or if its cash flow is
higher-than-expected and management uses the additional cash to
reduce its debt.


MELBOURNE BEACH: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Melbourne Beach, LLC as of Feb. 26,
according to a court docket.

                     About Melbourne Beach

Established in 1998, Melbourne Beach, LLC is a privately held
company that leases real properties.  Melbourne Beach is the owner
of Ocean Spring Plaza, located at 981 E. Eau, Gallie Boulevard,
Melbourne, Florida, valued by the company at $15.30 million. The
company's gross revenue amounted to $997,732 in 2016 and $924,000
in 2015.

Melbourne Beach filed a Chapter 11 petition (Bankr. Md. Fla. Case
No. 17-07975) on Dec. 26, 2017.  In the petition signed by Brian
West, managing member, the Debtor disclosed $15.35 million in
assets and $2.82 million in liabilities.  James W. Elliott, Esq.,
at McIntyre Thanasides Bringgold Elliott Grimaldi Guito & Mathews,
P.A., serves as bankruptcy counsel to the Debtor.


MICHAEL BRADFORD: New Lease Agreement for Las Vegas Property Okayed
-------------------------------------------------------------------
Judge Mike K. Nakagawa of the U.S. Bankruptcy Court for the
District of Nevada authorized Michael Stephen Bradford, nunc pro
tunc to Dec. 29, 2017, to enter into the Residential Lease
Agreement for the lease of the residential property located at
11280 Granite Ridge Drive #1051, Las Vegas, Nevada.

A hearing on the Motion was held on Feb. 21, 2018 at 9:30 a.m.

The stay imposed by Fed.R.Bankr. P. 6004(h) is waived.

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


MONCADA NJ SOLAR: Taps Giordano Halleran as Special Counsel
-----------------------------------------------------------
Moncada NJ Solar 201, LLC, seeks approval from the U.S. Bankruptcy
Court for the District of New Jersey to hire Giordano, Halleran &
Ciesla, P.C. as its special counsel.

The firm will provide legal services in connection with the
Debtor's appeal of the bankruptcy court's previous order dismissing
its Chapter 11 case.

The firm's hourly rates are:

     Partners       $425
     Associates     $250
     Paralegals     $125

Donald Campbell, Jr., Esq., a member of Giordano and the attorney
who will be representing the Debtor, will charge an hourly fee of
$400.

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

Giordano can be reached through:

     Donald Campbell, Jr., Esq.
     Giordano, Halleran & Ciesla, P.C.
     125 Half Mile Road, Suite 300
     Red Bank, NJ 07701
     Phone: 732-741-3900
     Fax: 732-224-6599
     E-mail: dcampbell@ghclaw.com

                   About Moncada NJ Solar 201

Moncada NJ Solar 201, LLC, distributes electricity.  The company
was incorporated in 2011 and is based in Shrewsbury, New Jersey.
On Dec. 16, 2016, Moncada NJ Solar 201, LLC, filed a voluntary
petition for reorganization under Chapter 11 of the Bankruptcy Code
(Bankr. D.N.J. Case No. 16-33967).

At the time of the filing, Moncada NJ Solar 201 disclosed $17.28
million in assets and $474.897 million in liabilities.

Moncada NJ Solar 201, LLC, sought approval from United States
Bankruptcy Court for the District of New Jersey to employ Joseph
Casello, Esq and Collins, Vella & Casello, LLC to represent them in
the case.


MP DIAGNOSTIC: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of MP Diagnostic, Inc. as of Feb. 26, according
to a court docket.

                      About MP Diagnostic

MP Diagnostic, Inc., filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Fla. Case No. 18-10450) on Jan. 12, 2018, disclosing under $1
million in both assets and liabilities.  The Debtor is represented
by the Law Office of Diaz & Associates, P.A.


NADER MOMENI: $2M Private Sale Chevy Chase Property Partly Approved
-------------------------------------------------------------------
Judge Thomas J. Catliota of the U.S. Bankruptcy Court for the
District of Maryland granted in part and denied in part Nader
Momeni's intended private sale of his right, title and interest in
a parcel of real estate known as 115 Quincy Street, Chevy Chase,
Maryland to Evan R. Weschler and Marrisa B. Weschler or his nominee
for the sum of $1,800,000 or $1,959,904 if certain conditions are
met.

A hearing on the Motion was held on Jan. 22, 2018 at 2:00 p.m.  The
second hearing on the Motion was held on Feb. 21, 2018.

The Debtor's motion to sell the property free and clear of liens is
denied, and all liens of record must be paid in full at closing
unless the lienholder otherwise agrees in writing.

The Motion asks to sell the property free and clear of liens.  Its
heading states it asks a free and clear order under Section 363(f),
but it makes no further mention of, or even attempt to establish a
basis for relief under, that section.  The Debtor reports there are
five liens against the property, held by U.S. Bank, N.A., JPMorgan
Chase Bank, N.A., Stepanie Kenyan & Associates, Inc., Vinay
Bhargava and Anjali Kataria, and Suntrust Bank. Vinay Bhargava and
Anjali Kataria object to the sale.  US Bank does not oppose the
sale to the extent that it is paid in full.

Nader Momeni sought Chapter 11 protection (Bankr. D. Md. Case No.
12-19999) on May 25, 2012.  Randall J. Borden, Esq., in Fairfax,
Virginia, serves as counsel to the Debtor.


NEPHROS INC: Narrows Net Loss to $809,000 in 2017
-------------------------------------------------
Nephros, Inc., filed with the Securities and Exchange Commission
its annual report on Form 10-K reporting a net loss of $809,000 on
$3.81 million of total net revenues for the year ended Dec. 31,
2017, compared to a net loss of $3.03 million on $2.32 million of
total net revenues for the year ended Dec. 31, 2016.

As of Dec. 31, 2017, Nephros had $4.98 million in total assets,
$3.03 million in total liabilities, and $1.95 million in total
stockholders' equity.

"The Company's recurring losses and difficulty in generating
sufficient cash flow to meet its obligations and sustain its
operations raise substantial doubt about its ability to continue as
a going concern," Nephros stated in the Annual Report.

"The Company's current plans intended to mitigate the conditions
noted above anticipate continued revenue growth, increasing gross
profit, and improving cash flows from operations for the period of
twelve months following the date of issuance of these consolidated
financial statements.  In addition, the Company has approximately
$2,194,000 of cash and $289,000 available under its secured
revolving credit facility as of December 31, 2017 to meet its
obligations and sustain its operations.

"There can be no assurance, however, that these plans will be
achieved and reflected in the Company's actual performance, nor
that the Company's future cash flows will be sufficient to meet its
obligations and commitments.  The Company has incurred significant
losses from operations in each quarter since inception.  If the
Company is unable to generate sufficient cash flow from operations
in the future to meet its operating requirements and other
commitments, the Company will be required to adopt alternatives,
such as seeking to raise debt or equity capital, curtailing its
planned activities, reducing operating expenses or ceasing its
operations.  There can be no assurance that any such actions could
be effected on a timely basis or on satisfactory terms or at all,
or that these actions would enable the Company to continue to
satisfy its capital requirements."

At Dec. 31, 2017, the Company had an accumulated deficit of
approximately $121,106,000, and it expects to incur additional
operating losses from operations in the foreseeable future at least
until such time, if ever, that it is able to increase product sales
or licensing revenue.

Total revenues for the fourth quarter of 2017 were approximately
$1,301,000, compared with approximately $745,000 in the fourth
quarter of 2016, an increase of 75%.

Cost of goods sold was approximately $1,517,000 for the year ended
Dec. 31, 2017, compared to approximately $1,026,000 for the year
ended Dec. 31, 2016, an increase of 48%.  Gross margins were 60%
for the year ended Dec. 31, 2017, compared to 56% for the year
ended Dec. 31, 2016.

Research and development expenses were approximately $1,002,000 and
$1,079,000, respectively, for the years ended Dec. 31, 2017 and
2016, a 7% decrease.  Depreciation and amortization expenses were
approximately $218,000 and $230,000, respectively, for the years
ended Dec. 31, 2017 and 2016, a 5% decrease.  Selling, general and
administrative expenses were approximately $3,298,000 and
$2,854,000, respectively, for the years ended December 31, 2017 and
2016, a 16% increase.

Net cash used in operating activities in the fourth quarter 2017
was approximately $38,000, including approximately $65,000 of cash
paid for interest on outstanding notes.  As of Dec. 31, 2017,
Nephros had cash and cash equivalents of approximately $2,194,000.

"2017 was a transformational year for us," said Daron Evans,
president and CEO of Nephros.  "The strategic shifts we initiated
in early 2015 have translated into material changes in our product
offerings, our relationships with strategic partners and customers,
and ultimately in our financial performance.  We believe we are
still in the early phase of our growth curve, and have been
energized by the performance of our products in the market.  As our
products are placed in more medical facilities, it becomes easier
for our strategic distribution partners to further expand our
footprint.  In 2018, we will continue to focus on, and to grow, our
core medical device water filter business, while taking advantage
of revenue and value enhancing opportunities when available in
other parts of our business."

"We finished the year with over $3.8 million in revenue and over $2
million in cash, the strongest operating position in the company's
history," said Andy Astor, chief financial officer.  "Our progress
in 2017 continued to validate our growth strategy and we were
pleased to approach cash flow neutral in the fourth quarter.  For
2018, we project quarter-over-quarter revenue growth to average
10-12%, and we project 2018 revenues to exceed $6 million."

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

                     https://is.gd/yKuoDO

                        Annual Meeting

Nephros will host an annual shareholder meeting on May 23, 2018 at
9:00 a.m.  The meeting will be held at the Company's headquarters
facility at 380 Lackawanna Place, South Orange, New Jersey 07079.

                      About Nephros, Inc.

River Edge, N.J.-based Nephros, Inc. -- http://www.nephros.com/--
is a commercial stage medical device company that develops and
sells high performance liquid purification filters, as well as a
hemodiafiltration system for the treatment of patients with End
Stage Renal Disease.  Nephros filters or ultrafilters are used
primarily in medical applications in various settings.  Nephros
ultrafilters are used in hospitals and medical clinics for added
protection in retaining bacteria (i.e. Legionella, Pseudomonas),
virus and endotoxin from water. These ultrafilters provide barriers
that assist in improving infection control with showers, sinks, and
ice machines.  Additionally, these ultrafilters are used by
dialysis centers for assisting in the removal of biological
contaminants from the water and bicarbonate concentrate supplied to
hemodialysis machines and the patients.


NEW ENTERPRISE: S&P Raises CCR to 'B' on Improved Credit Measures
-----------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on New
Enterprise Stone & Lime Co. Inc. to 'B' from 'B-'. The outlook is
stable.

S&P said, "At the same time, we assigned our 'B+' issue-level
rating (one notch above the corporate credit rating) to the
company's proposed $475 million senior secured notes due 2026,
based on a recovery rating of '2', which indicates our expectation
of substantial (70%-90%; rounded estimate: 80%) recovery in the
event of a default.

"We also raised our issue-level rating on the company's $200
million unsecured notes to 'CCC+' from 'CCC' (two notches below the
corporate credit rating) consistent with the upgrade of the
company. The '6' recovery rating is unchanged and indicates our
expectation of negligible (0%-10%; rounded estimate: 0%) recovery
in the event of a default.

"The upgrade reflects our forecast estimates that NESL will
maintain the improved profitability achieved over the past few
years as well as lower leverage and an improvement in credit
measures. We have a higher degree of confidence about the
sustainability of the improvements achieved over the past few years
and that sales and margins should stay in a fairly narrow range,
because the company has been able to reduce sales, general, and
administrative expenses and has divested non-core businesses. Also,
NESL has adopted a more decisive vertical integration strategy that
requires heavy/highway construction projects to use its
higher-margin aggregates, thereby improving overall profitability.
It has also instituted strict profitability requirements before
bidding on construction work. These factors, we believe, will cause
EBITDA margins to increase to about 19% in fiscal 2018 from as low
as 6.7% in 2013 and we anticipate measures will remain close to
this level over the next year. We also now anticipate debt to
EBITDA to fall to about 6x in fiscal 2019 compared with 7.4x in
fiscal 2016 and to remain tightly between 5.5x and 6.5x over the
next two years. At the same time, we expect EBITDA interest
coverage of 2x as a result of the company's recent and proposed
refinancing, as well as improved earnings. The proposed refinancing
will substantially reduce interest expense in fiscal 2019.

"The stable outlook reflects our expectation that the improvement
seen in NESL's operating performance is sustainable and that credit
measures of debt to EBITDA of about 6x and interest coverage of
about 2x will remain in a narrow range over the next 12 months
based on our base case scenario. The company should benefit from
continued emphasis on infrastructure, highway, and private
nonresidential construction spending in its main market of
Pennsylvania. End market demand is likely to be driven by state
transportation budgets, which are robust, and the certainty of
matching federal funding provided by the FAST Act, which should
result in larger and longer-term contracts.

"We consider a downgrade to be unlikely over the next 12 months,
based on our outlook for improved construction markets in
Pennsylvania. However, we could lower the rating if interest
coverage deteriorated below 1.5x. For this to occur, EBITDA would
have to fall by about 24% from our base case, which we believe
would require a steep falloff in public construction spending in
Pennsylvania, all else being equal. We view this as unlikely over
the next year given steady state and federal transportation
spending.

"We consider an upgrade as less likely over the next 12 months
given NESL's relatively small size and very limited geographic
reach and exposure to construction cycles. However, we could raise
the rating if NESL is successful in expanding its scope beyond
Pennsylvania while reducing debt leverage below 5x and increasing
interest coverage above 2x on a sustained basis."


NORTHERN OIL: Expects 20 to 22 Net Well Additions in 2018
---------------------------------------------------------
Northern Oil and Gas, Inc. filed with the Securities and Exchange
Commission a Current Report on Form 8-K attaching an updated
investor presentation of the Company.

"The Company expects to use the Investor Presentation, in whole or
in part, and possibly with modifications, in connection with
presentations to investors, analysts and others commencing on
February 26, 2018.  By filing this Current Report on Form 8-K and
furnishing the information contained herein, the Company makes no
admission as to the materiality of any information in this report
that is required to be disclosed solely by reason of Regulation FD.
The information contained in the Investor Presentation is summary
information that is intended to be considered in the context of the
Company's Securities and Exchange Commission ("SEC") filings and
other public announcements that the Company may make, by press
release or otherwise, from time to time.  The Company undertakes no
duty or obligation to publicly update or revise the information
contained in this report, although it may do so from time to time
as its management believes is warranted. Any such updating may be
made through the filing of other reports or documents with the SEC,
through press releases or through other public disclosure."

Northern disclosed that since Q3 of 2017, the Company has been in
the process of a financial transformation, positioning itself for
growth in one of the nation's premier "rate-of-change" oil plays
with the goals of: (a) reducing net leverage, (b) nearly doubling
available liquidity, and (c) decreasing debt maturing within three
years by $652 million.

Northern anticipates that net well additions will increase from
16.9 in 2017 to 20-22 in 2018.  The Company believes that
completion activity will be weighted 35% / 65% between 1H18 and
2H18, respectively.  Increased activity is expected to drive a
16-20% year over year increase in production.

The Company also provided these capital structure update:

   * The Company took an important step in addressing its capital
     structure with the completion of a five year $400 million  
     Term Loan Credit Facility with TPG in November 2017

   * Northern is in the process of a comprehensive
     recapitalization transaction and has announced that it has
     entered into a privately negotiated exchange agreement with
     certain holders representing 71% of the principal outstanding

     of its $700 million, 8% senior unsecured notes due 2020

   * Holders of $497 million of the Notes have entered into the
     exchange agreement in connection with the transaction
     structure which includes raising $156 million of new equity,  
  
     of which up to $78 million can be raised through the
     contribution of additional properties in the Williston Basin.

The Investor Presentation is available for free at:

                       https://is.gd/IetODF

                        About Northern Oil    

Minnetonka, Minnesota-based Northern Oil and Gas, Inc. --
http://www.NorthernOil.com/-- is an exploration and production
company with a core area of focus in the Williston Basin Bakken and
Three Forks play in North Dakota and Montana.

Northern Oil reported a net loss of $9.19 million in 2017, a net
loss of $293.5 million in 2016, and a net loss of $975.4 million in
2015.  As of Dec. 31, 2017, Northern Oil had $632.25 million in
total assets, $1.12 billion in total liabilities and a total
stockholders' deficit of $490.84 million.

                          *     *     *

In December 2017, Moody's Investors Service affirmed Northern Oil
and Gas, Inc.'s (NOG) 'Caa2' Corporate Family Rating (CFR), Caa2-PD
Probability of Default Rating (PDR), and 'Caa3' senior unsecured
notes rating.  NOG's Caa2 CFR reflects its high leverage, weak
asset coverage of debt (under 1x), modest scale and Moody's
expectations that NOG's cash flows will continue to be challenged
through 2018.

In February 2018, S&P Global Ratings lowered its corporate credit
rating on Northern Oil and Gas Inc. to 'CC' from 'CCC+'.  The
downgrade follows the announcement that Northern Oil and Gas has
entered into a privately negotiated agreement to exchange $497
million of its 8% senior unsecured notes due 2020 ($700 million
total outstanding) for $344 million of new 8.5% second-lien notes
due 2023 and $155 million in equity.


NUVISTA ENERGY: S&P Assigns 'B' CCR & Rates $150MM Unsec. Debt 'B+'
-------------------------------------------------------------------
S&P Global Ratings said it assigned its 'B' long-term corporate
credit rating to Calgary, Alta.-based NuVista Energy Ltd. The
outlook is stable.

At the same time, S&P Global Ratings assigned its 'B+' issue-level
rating and '2' recovery rating to NuVista's proposed C$150 million
senior unsecured notes due 2023. The '2' recovery rating indicates
S&P's expectation of substantial (70%-90%; rounded estimate 85%)
recovery in its hypothetical default scenario.

S&P said, "The ratings reflect our view that NuVista has a
relatively small daily production level and proved reserves base,
as well as high geographic and product concentration. Moreover,
what we consider NuVista's less-than-adequate liquidity limits the
rating, because the company fully relies on the 364-day revolving
credit facility to bridge the gap between funds from operations
(FFO) and capital spending. We assume the company will continuously
extend its revolving credit facility maturity to support its
capital expenditure plan during the next 12 months."

The company's good market diversification, a good cost profile, and
average profitability compared with that of its North American
peers partially offset these weaknesses. S&P said, "In addition, we
expect that NuVista will continue reporting strong credit ratios,
with forecast two-year (2018-2019) weighted-average FFO-to-debt of
40%-60%, led by production growth, high exposure to condensates,
and competitive cost profile. We forecast negative free operating
cash flow (FOCF) in the next two years based on capital
expenditures of C$270 million-C$310 million in 2018 to boost daily
production."
  
S&P said, "The stable outlook reflects our expectation that
NuVista's increased production and cash flow growth will meet our
base-case scenario resulting in two-year (2018-2019),
weighted-average FFO-to-debt of 40%-60% and negative FOCF. The
outlook further reflects our expectation that the company will
continuously extend its revolving credit facility maturity to
support its capital spending plan.

"We could take a negative rating action if NuVista's liquidity
deteriorates due to lower-than-expected FFO generation, which could
result in sources over uses of cash below 1x; or if the company
does not extend its revolving credit facility maturity in the next
12 months to support its capital spending plan.

"We could take a positive rating action if NuVista improves
liquidity profile reaching and maintaining sources over uses of
cash above 1.2x in the next 12 months. We could also take a
positive rating action if the company materially increases its
average daily production and PD reserve ratio to levels more
comparable with those of higher-rated peers."


ONE HORIZON: CEO Provides Update on Acquisition Strategy
--------------------------------------------------------
One Horizon Group, Inc. issued the following letter to shareholders
on Feb. 26, 2018 from Chief Executive Officer, Mark White.

Dear Fellow Shareholders -

It has been three months since I last wrote to you regarding our
plan to position One Horizon as a forward-thinking, technology
acquisition company and I'd like to take this opportunity to thank
each of you for your confidence in our business strategy and
provide further information regarding our recent acquisition of
123Wish and our announced term sheet with C-Rod, which transaction
we intend to close in the next two weeks.

As I stated in my last correspondence, I am keenly aware that
beyond the innovation of the businesses we are acquiring, our
financial reports and future updates will quantify our success.  We
will be measured by our sales and profitability and I firmly
believe when that when the market analyzes our quarterly reports
for 2018, our stock price will sustainably reflect the financial
progress we have and will continue to make.  We aim to issue
financial guidance in the near future.

So, you may be wondering, how is One Horizon going to pay for these
acquisitions?

Our investors have struck previously disclosed warrants and One
Horizon's cash on-hand exceeds $1,000,000.  Under my leadership,
One Horizon has not and will not enter into any financing unless
based on market-reasonable pricing, has no plans or requirements
for debt financing, and no outstanding warrants are at a discount
of greater than 20% to the current market-price of One Horizon's
Common Stock.  In fact, the majority of the outstanding warrants
are near or above such price.

One Horizon will not enter into any new financing transactions this
quarter as there is no need for such funds or dilution.  One
Horizon will only undertake an equity financing in one of the later
quarters this year if it is supportable based on reported
financials and a quantifiable strategy for continued growth.

The total cash requirement for the 123Wish acquisition, and
payments are being made only as needed based on a detailed
financial model, is $200,000, along with an agreement to extend a
loan against revenues in an amount of $100,000, and there is no
additional cash requirement from One Horizon for working capital.

The total expected cash requirement for C-Rod is $150,000 payable
at closing of the acquisition and there is no additional cash
requirement from One Horizon for working capital post-closing. This
number is premised upon C-Rod's representation of a 2017 net profit
of nearly $400,000 and its projections.

And what about stock dilution based upon these transactions?

Upon closing of the 123Wish acquisition, One Horizon transferred
1,333,334 shares of Common Stock to the members of the former
123Wish entity.  All of these shares are currently restricted, and
1,133,333 of these shares are subject to affiliate trading rules.

Within 30 days following closing of the C-Rod acquisition, One
Horizon will transfer 1,000,000 shares of Common Stock to the
shareholders of C-Rod and its related entities.  All of these
shares will be restricted, and 800,000 of these shares will be
subject to affiliate trading rules.

Any future One Horizon Common Stock to be transferred to either
123Wish members or C-Rod shareholders will be exclusively on an
earn-out basis, contingent upon achievement of net-profits in
accordance with Generally Accepted Accounting Principles.  As
required by the Securities Laws, the financials of each of these
companies will be audited by a Public Company Accounting Oversight
Board accounting firm.

The earn-outs are as follows:

123Wish:

   1.   Following the first six months post-closing of the
      acquisition, One Horizon will transfer Common Stock valued
      at two and a half times (2.5x) the net profit generated by
      123Wish in those first six months; and

   2.   Following the end of the second six-month period post-
      closing, One Horizon will transfer Common Stock valued at
      four and a half times (4.5x) the net profit generated by
      123Wish in the second six-month period.

C-Rod:

   1. Following the first 12 months post-closing of the
      acquisition, One Horizon will transfer Common Stock valued
      at four times (4x) the net profit generated by C-Rod in
      those first 12 months;

   2. Following the end of the second 12-month period post-
      closing, One Horizon will transfer Common Stock valued at
      four times (4x) the net profit generated by C-Rod in the
      second 12-month period; and

   3. In the event C-Rod attains GAAP net profit in the first 18
      months post-closing, totaling in excess of $3,000,000, as
      forecast by C-Rod, then the value paid out under paragraph
      "2" above will increase from four times (4x) to five times
      (5x) the net profit generated by C-Rod in the second 12-
      month period.

The vast majority of the earn-out shares for 123Wish and C-Rod will
be subject to affiliate trading rules.

Please look forward to future updates regarding the 123Wish and
C-Rod acquisitions and business achievements.  Our team is
confident that both of these deals will drive significant value to
all of you, our shareholders.

Thank you for your continued support and I look forward to our
future communication as permissible.

                     About One Horizon Group

Based in Limerick, Ireland, One Horizon Group, Inc. (NASDAQ: OHGI)
-- http://www.onehorizongroup.com/-- is a reseller of secure
messaging software for the growing gaming, security and education
markets including in China and Hong Kong.

The Company's independent accountants Cherry Bekaert LLP, in Tampa,
Fla., issued a "going concern" opinion in its report on the
Company's consolidated financial statements for the year ended Dec.
31, 2016, stating that the Company has recurring losses and
negative cash flows from operations that raise substantial doubt
about its ability to continue as a going concern.

One Horizon reported a net loss of $5.54 million on $1.61 million
of revenue for the year ended Dec. 31, 2016, compared to a net loss
of $6.30 million on $1.53 million of revenue for the year ended in
2015.  As of Sept. 30, 2017, One Horizon had $8.67 million in total
assets, $4.25 million in total liabilities and $4.42 million in
total stockholders' equity.

According to the Company's Form 10-Q for the period ended Sept. 30,
2017, "[T]he Company will pursue its revised operations and
business plan.  The Company expects to incur further non cash
losses in 2017 which, when combined with any costs incurred in
pursuing acquisition of new businesses, may generate negative cash
flows.  As of Sept. 30, 2017, the Company did not have any
available credit facilities.  As a result, it is in the process of
seeking new financing by way of sale of either convertible debt or
equities.  While it has been successful in the past in obtaining
the necessary capital to support its investment and operations,
there is no assurance that it will be able to obtain additional
financing under acceptable terms and conditions, or at all.  In the
event that the Company is unable to obtain sufficient additional
funding when needed in order to fund operations, it would not be
able to continue as a going concern and may be forced to severely
curtail or cease operations and liquidate the Company."


ORBITE TECHNOLOGIES: DIP Financing Maturity Date Extended
---------------------------------------------------------
Orbite Technologies Inc. on Feb. 27, 2018, provided an additional
update on its efforts to emerge from insolvency protection for the
benefit of all of its stakeholders.

                 Maturity Date of DIP Financing

On Aug. 2, 2017, the Company announced that the Quebec Superior
Court (the "CCAA Court") approved a $6.8 million
Debtor-in-possession ("DIP") financing entered into with
Computershare Trust Company of Canada in its capacity as trustee
for the holders of the 2015 ITC Debentures (the "Lender").  The DIP
financing provided namely for a maturity date of February 23,
2018.

The Company entered into an amendment agreement with the Lender to
extend the maturity date of the DIP financing from Feb. 23, 2018 to
April 15, 2018.  The other terms and conditions of the DIP
financing remain in force unamended.

                    Indemnification Motion

On Nov. 16, 2017, the Company announced it had filed a motion
against its insurer Royal Sun Alliance for the payment of
approximately $23.3 million to recover the costs associated with
repairing the heating element system of the calcination equipment
and the fixed costs incurred during the downtime experienced.  The
court has rendered a decision on February 23, 2017 which denies the
motion filed by Orbite.

Orbite is not in agreement with the decision and is currently
reviewing its options with its legal counsels.  The Company will
provide updates in due course.

                         About Orbite

Orbite Technologies Inc. (nex:ORT.H) is a Canadian cleantech
company whose innovative and proprietary processes are expected to
produce alumina and other high-value products, such as rare earth
and rare metal oxides, at one of the lowest costs in the industry,
and in a sustainable fashion, using feedstocks that include
aluminous clay, kaolin, nepheline, bauxite, red mud, fly ash as
well as serpentine residues from chrysotile processing sites.
Orbite is currently in the process of finalizing its first
commercial high-purity alumina (HPA) production plant in Cap-Chat,
Quebec and has completed the basic engineering for a proposed
smelter-grade alumina (SGA) production plant, which would use clay
mined from its Grande-Vallee deposit.  The Company's portfolio
contains 15 intellectual property families, including 45 patents
and 48 pending patent applications in 11 different countries and
regions.  The first intellectual property family is patented in
Canada, USA, Australia, Japan and Russia.  The Company also
operates a state of the art technology development center in Laval,
Quebec, where its technologies are developed and validated.

Orbite Technologies in April 2017 filed a petition for continuance
of the Bankruptcy and Insolvency Act proceedings under the
Companies' Creditors Arrangement Act.

The Superior Court of Quebec granted the petition and issued an
initial order pursuant to the CCAA on April 28, 2017.

PricewaterhouseCoopers Inc. has been appointed as Monitor.


PARADISE AQUATICS: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Paradise Aquatics, LLC
        3575 Bridge Rd Ste 8, PMB #417
        Suffolk, VA 23435

Type of Business: Paradise Aquatics, LLC --
                  http://www.paradiseaquaticspools.com/-- is a
                  pool company located in Suffolk, Virginia.  The
                  Company specializes in the construction,
                  service, maintenance, repair and landscaping of
                  pools and spas.  The Company offers a wide range
                  of custom granite swimming pools, fiberglass
                  swimming pools, and vinyl swimming pools.
                  Paradise Aquatics was formed in 2008 serving the
                  Southeastern and Peninsula Virginia and the
                  Northeastern areas of North Carolina.

Chapter 11 Petition Date: February 28, 2018

Case No.: 18-70639

Court: United States Bankruptcy Court
       Eastern District of Virginia (Norfolk)

Debtor's Counsel: Ann B. Brogan, Esq.
                  CROWLEY, LIBERATORE, RYAN & BROGAN P. C.
                  Town Point Center, Suite 300
                  150 Boush Street
                  Norfolk, VA 23510
                  Tel: 757-333-4500
                  Fax: 757-333-4501
                  E-mail: abrogan@clrbfirm.com

Total Assets: $350,270 as of December 31, 2017

Total Liabilities: $1.15 million as of December 31, 2017

The petition was signed by Paul McQueen, managing member.

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

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

           http://bankrupt.com/misc/vaeb18-70639.pdf


PATRIOT NATIONAL: Committee Objects to Financing Motion
-------------------------------------------------------
BankruptcyData.com reported that Patriot National's official
committee of unsecured creditors filed with the U.S. Bankruptcy
Court an objection to the Company's financing motion. The committee
asserts, "As of the filing of this Objection, the Committee has
been in existence for only ten (10) days (inclusive of Presidents'
Day). Moreover, the Committee's proposed financial advisor, which
has been engaged for only five (5) days, has only been recently
afforded access to a data room and will not be able to meet with
the Debtors' professionals until after the filing of this
Objection. By contrast, many of the Debtors' professionals have
been involved in these matters for four months or longer. Against
this backdrop, the Committee requests that the Court adjourn the
DIP Motion for a minimum of two weeks. This adjournment will permit
the Committee to engage in a meaningful dialogue with the Debtors
and their proposed DIP lenders regarding the relief requested in
the DIP Motion and, hopefully, reach a consensus on, among other
major issues, the proposed case milestones, releases, challenge
period, and roll-up of prepetition debt."

Patriot National is seeking to borrow up to $15.5 million from a
group of lenders with Cerberus Business Finance, LLC, as
administrative and collateral agent for the lenders.  Until the
Court enters a final order, no loan under the DIP Agreement will be
made other than loans in an aggregate principal amount not to
exceed $5 million.

The Bankruptcy Court entered an interim order on the Financing
Motion on Feb. 1, 2018.

                    About Patriot National

Fort Lauderdale, Florida-based Patriot National, Inc., also known
as Old Guard Risk Services, Inc., through its subsidiaries,
provides agency, underwriting and policyholder services to its
insurance carrier clients, primarily in the workers' compensation
sector.  Patriot National -- http://www.patnat.com/provides   
general agency services, technology outsourcing, software
solutions, specialty underwriting and policyholder services, claims
administration services and self-funded health plans to its
insurance carrier clients, employers and other clients. Patriot was
incorporated in Delaware in November 2013.  

The Company completed its initial public offering in January 2015
and its common stock is listed on the New York Stock Exchange under
the symbol "PN."

Patriot National, Inc., and affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 18-10189) on Jan. 30, 2018.  In the
petitions signed by CRO James S. Feltman, the Debtors disclosed
$159.4 million in total assets and $242.2 million in total debt as
of Dec. 31, 2017.

The Debtors have tapped Laura Davis Jones, Esq., James E. O'Neill,
Esq., and Peter J. Keane, Esq., at Pachulski Stang Ziehl & Jones
LLP and Kathryn A. Coleman, Esq., Christopher Gartman, Esq., and
Jacob Gartman, Esq., at Hughes Hubbard & Reed LLP as bankruptcy
Counsel; Pachulski Stang Ziehl & Jones LLP as co-counsel and
conflicts counsel; Duff & Phelps, LLC, as financial advisor; and
Conway Mackenzie Management Services, LLC, as provider of EVP of
Finance and related advisory services.  Prime Clerk LLC --
https://cases.primeclerk.com/patnat -- is the Debtors' claims,
noticing and balloting agent.

James S. Feltman of Duff & Phelps, LLC, has been tapped as chief
restructuring officer to the Debtors.

The Office of the U.S. Trustee has named two creditors -- Jessica
Barad and MCMC LLC -- to serve on the official committee of
unsecured creditors in the Debtors' cases.


PC USA RE: Case Summary & 5 Unsecured Creditors
-----------------------------------------------
Affiliates that filed voluntary petitions seeking relief under
Chapter 11 of the Bankruptcy Code:

    Debtor                                          Case No.
    ------                                          --------
    PC USA RE, LLC                                  18-12378
    1400 NW 159th Street, Suite 102
    Miami Gardens, FL 33169

    STRE LLC                                        18-12392
    1400 NW 159th Street, Suite 102
    Miami Gardens, FL 33169

Business Description: Each of PC USA RE, LLC and STRE LLC is a
                      lessor of real estate based in Miami
                      Gardens, Florida.  The Debtors list their
                      business as Single Asset Real Estate (as
                      defined in 11 U.S.C. Section 101(51B)),
                      whose principal assets are located at
                      708-716 South Dixie Highway Hallandale, FL
                      33009.

Chapter 11 Petition Date: February 28, 2018

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

Judge: Hon. Robert A Mark

Debtors' Counsel: Daniel Y. Gielchinsky, Esq.
                  DANIEL Y. GIELCHINSKY, P.A.
                  1132 Kane Concourse, Suite 204
                  Bay Harbor Islands, FL 33154
                  Tel: 305-763-8708
                  Email: dan@dyglaw.com

Debtors'
Financial
Advisor &
Accountant:       YALE SCOTT BOGEN

Assets and Liabilities:

                                      Estimated  Estimated
                                       Assets   Liabilities
                                     ---------- -----------
PC USA RE           $500,000-$1 million   $1 mil.-$10 million
STRE LLC                  $0-$50,000           $0-$50,000

The petitions were signed by Doron Topaz, manager.

A full-text copy of PC USA RE, LLC's petition containing, among
other items, a list of the Debtor's five unsecured creditors is
available for free at http://bankrupt.com/misc/flsb18-12378.pdf

A full-text copy of STRE LLC's petition containing, among other
items, a list of the Debtor's two unsecured creditors is available
for free at http://bankrupt.com/misc/flsb18-12392.pdf


PENELOPE LATHAM: $260K Sale of West Palm Beach Property Approved
----------------------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida authorized Penelope Latham's sale of real
property located at 716 New York St, West Palm Beach, Florida, to
Donna Marks and D. Culver Smith, III for $260,000.

The Final Hearing on the Motion was held on Feb. 14, 2018 at 1:30
p.m.

The sale of the Property will be free and clear of any and all
liens, claims and encumbrances, with all liens, claims and
encumbrances attaching to the sale proceeds and/or to be dealt with
as follows:

     a. The remaining balance of the Class LA-4 allowed secured
claim pertaining to the Property will be paid in full from the
proceeds of the sale of the Property;

     b. Leiderman Shelomith, P.A. will receive $64,390 from the
proceeds of the sale of the Property, on account of unpaid fees and
costs accrued in this bankruptcy proceeding and the bankruptcy
proceeding of the Debtor's entity, Willoughby & Associates, Inc.;

     c. Leiderman Shelomith Alexander + Somodevilla, PLLC will
receive $10,809 from the proceeds of the sale of the Property,
representing fees and costs through Feb. 21, 2018, without
prejudice to seeking further amounts directly from the Debtor for
fees and costs that are incurred thereafter;

     d. Class LA-9 General Unsecured Creditors and the Class WB-10
Unsecured Priority Creditor will receive the balance(s) owed to
them pursuant to the Plan;

     e. Dinnall Fyne & Company Inc. will receive $22,340, as
compensation, plus interest of $3,746 through Feb. 14, 2018 (with a
per diem thereafter of $7.34 until paid), plus attorney's fees of
$1,750, for a total of $27,836 through Feb. 14, 2018, from the
proceeds of the sale of the Property; and

     f. Any outstanding real estate taxes or homeowner association
fees pertaining to the Property will be paid in full from the
proceeds of the sale of the Property.

In addition, the Debtor is authorized to pay a standard real estate
commission to any participating broker(s) associated with the sale
of the Property, from the proceeds of the sale of the Property.

As set forth in the Motion, EBC Asset Investment, Inc. and the City
of West Palm Beach, Florida will not receive any distribution from
the proceeds of the sale of the Property, other than those amounts
they are to receive pursuant to their Class LA-9 General Unsecured
Claim(s).

                     About Penelope Latham

Penelope Latham sought Chapter 11 protection (Bankr. S.D. Fla. Case
No. 14-26776) on July 25, 2014, represented by Leiderman Shelomith
Alexander + Somodevilla, PLLC.  

On Oct. 29, 2015, the Court entered an order confirming Joint First
Amended Plan of Reorganization of Willoughby & Associates, Inc. and
Penelope Latham.


PETROLEUM TOWERS: Taps Cushman & Wakefield as Real Estate Broker
----------------------------------------------------------------
Petroleum Towers - Cotter, LLC, seeks approval from the U.S.
Bankruptcy Court for the Western District of Texas to hire a real
estate broker.

The Debtor proposes to hire Cushman & Wakefield U.S., Inc. to sell
its properties in Texas commonly known as Petroleum Towers.  The
properties include two eight-storey office buildings with
surrounding parking facilities on 9.601 acres located at 8626 and
8700 Tesoro Drive, San Antonio, Texas.

Cushman will get a commission of 1.5% of the total sales price of
the properties.  In addition, the firm will receive reimbursement
of up to $7,500 for its marketing expenses.

Todd Mills, executive managing director of Cushman, disclosed in a
court filing that he and his firm are "disinterested persons" as
defined in Section 101(14) of the Bankruptcy Code.

Cushman can be reached through:

         Todd Mills
         Cushman & Wakefield, U.S., Inc.
         200 W. Cesar Chavez Street, Suite 250
         Austin, TX 78701
         Office: (512) 370 -2437
         Mobile: (210) 771-0570
         E-mail: Todd.Mills@cushwake.com

                 About Petroleum Towers - Cotter

Petroleum Towers - Cotter, LLC is the owner of the twin 8-story
Petroleum Towers located at 8626/8700 Tesoro Dr. San Antonio,
Texas. The Towers --
http://www.cotteroffices.com/portfolio-type/petroleum-towers--
feature parking space, quick access to major arteries, close
proximity to hotels, restaurants, retailers and business services,
24/7 card-key building access, and an on-site management and
maintenance team.

Petroleum Towers - Cotter, LLC, filed a Chapter 11 petition (Bankr.
W.D. Tex. Case No. 18-50197) on Feb. 1, 2018.  In the petition
signed by Marcus P. Rogers, Ind. Adm. of the Estate of James F.
Cotter, Dec'd, the Debtor estimated assets and liabilities at $10
million to $50 million.

The case is assigned to Judge Ronald B. King.

The Office of H. Anthony Hervol is the Debtor's bankruptcy counsel.


PINKTOE TARANTULA: Wants to Obtain $410,000 Financing From Three14
------------------------------------------------------------------
Pinktoe Tarantula Limited and its affiliates ask the U.S.
Bankruptcy Court for the District of Delaware to authorize the
Debtors to obtain from Three14 Limited senior secured postpetition
financing on a priming, superpriority basis, and to use cash
collateral.

The Debtors are seeking a new money senior secured priming
superpriority term loan facility, providing for the borrowing of
term loans in accordance with the approved budget, in an aggregate
maximum principal amount not to exceed $410,000, which consists of
an initial loan of $160,000 upon entry of the interim DIP court
order, with the remaining principal amount available upon entry of
the final DIP court order.

The Debtors propose to grant to the DIP Lender:

     a. subject to the carve-out valid, enforceable, non-
        avoidable, automatically and fully perfected liens on and
        security interests in all DIP collateral, including,
        without limitation, all cash collateral to secure the DIP
        obligations, which liens and security interests will be
        subject to the rankings and priorities set forth herein;
        and

     b. allowed superpriority administrative expense claims in
        respect of all DIP obligations, subject to the carve-out,  
     
        as set forth in the interim DIP court order.

As of the Petition Date, the Debtors have no known secured debt.
However, the Debtors have been losing money for several years, and
therefore their cash position is presently very low.  During these
cases, the Debtors intend to sell their remaining inventory, close
their stores, and propose a liquidating Chapter 11 plan to
effectuate the distribution of the inventory proceeds.  In order to
effectuate those goals, the Debtors will require cash to fund their
liquidation.  As such, the Debtors submit that the DIP Financing,
which is being made on favorable, below-market terms by a
non-debtor affiliate, will effectuate the goals of these cases.

The Debtors have obtained the DIP Facility from the DIP Lender. The
DIP Facility, more fully described herein, will provide the Debtors
with $410,000 of funding to support their operations and
liquidation costs in these Chapter 11 cases.  The DIP Facility
represents the best source of financing available to the Debtors
under the circumstances, resulting in terms that the Debtors submit
are reasonable and appropriate to meet the Debtors' financing needs
during these Chapter 11 cases.  The DIP Facility will provide the
Debtors with sufficient liquidity to fund these Chapter 11 cases.

The Debtors tell the Court that interest accrues on the DIP Loan at
the rate of 5% per annum, well below prevailing market rates for
DIP financing offered by other DIP lenders, and without origination
fees or other fees that would typically be seen in a facility of
this nature.  The loan will have interest of 5.00% per annum,
payable on a monthly basis, and a default interest of 2.00% per
annum.

The Debtors' need to use cash collateral on an interim basis and to
obtain credit pursuant to the DIP Facility as provided for herein
on an interim basis is urgent and necessary to avoid immediate and
irreparable harm to the Debtors, their estates, their creditors,
and other parties-in-interest, and to enable the Debtors to
administer and preserve the value of their estates.

The ability of the Debtors to maintain business relationships with
their vendors, pay their employees, and otherwise finance their
operations requires the availability of working capital from the
DIP Facility and the use of cash collateral.  Without the ability
to access the interim financing and the DIP Facility and the
authority to use cash collateral, the Debtors, their estates, and
their creditors would suffer immediate and irreparable harm.  The
Debtors do not have sufficient available sources of working capital
and financing to operate their businesses or maintain their
properties in the ordinary course of business without the DIP
Facility and authorized use of cash collateral.

Absent interim approval of the DIP Facility, the Debtors would have
no choice but to cease operations and liquidate their assets for a
fraction of what could be garnered through the orderly wind-down
proposed by the Debtors.  An immediate liquidation would result in
a deterioration of value for creditor constituencies.  In addition,
after exploring alternate DIP financing options with the assistance
of their advisors, the Debtors believe that the proposed DIP
Facility is the only postpetition financing alternative available
under all of the circumstances.  The proposed DIP Facility provides
the best path forward under the circumstances to address the
Debtors' immediate liquidity needs, to fund these Chapter 11 cases,
and to provide a clear path toward an orderly wind-down and that
preserve value for creditors.

Given the size of the proposed facility, and the Debtors' current
financial condition, financing arrangements, and capital structure,
the Debtors are unable to obtain financing from sources other than
the DIP Lender on terms more favorable than those provided under
the DIP Facility and the DIP Loan Documents.  Postpetition
financing is not otherwise available without granting the DIP
Lender: (1) perfected priming security interests in and liens on
all of the Debtors' existing and after-acquired assets with the
priorities set forth in the Interim DIP Order; (2) superpriority
claims and liens; and (3) the other protections set forth in the
Interim DIP Order.  After considering all alternatives, the Debtors
have concluded, in the exercise of their sound business judgment,
that the DIP Facility represents the best financing available to
them at this time and is in the best interest of all of their
stakeholders.

All DIP Obligations will be due and payable in full in cash on the
earliest of: (a) an Event of Default as defined in the DIP Credit
Agreement; (b) the first business day that is three months after
the entry of the Interim DIP Order; (c) confirmation of a Chapter
11 plan in the Chapter 11 cases; (d) conversion of the Chapter 11
cases to Chapter 7; (e) dismissal of the Chapter 11 cases; or (f)
appointment of a chapter 11 trustee in the Chapter 11 cases.

Proceeds of the DIP Loan will be used only for these purposes, in
each case, in accordance with and subject to the approved budget
then in effect: (i) general corporate and working capital purposes
including funding of the carve-out and other expenses provided in,
and subject to in all respects, the approved budget; (ii) the
payment of costs of administration of these Chapter 11 cases; and
(iii) the payment of the fees, costs and expenses related to the
DIP Facility.

The Debtors will be obligated to pay all of the DIP Lender's
reasonable fees and expenses, including attorneys' fees and costs,
incurred in connection with the DIP Credit Agreement and the DIP
Loan.

Evens of default include:

     (a) the Debtors will fail to pay any of the obligations on
         the due date thereof (whether due at stated maturity, on
         demand, upon acceleration or otherwise);

     (b) any Debtor fails or neglects to perform, keep or observe
         any term, provision, condition, covenant or agreement, in

         the DIP Credit Agreement, in any of the other Loan
         Documents, or in any other present or future agreement
         between Debtors and Lender;

     (c) any Debtor is enjoined, restrained, or in any way
         prevented by court order from continuing to conduct all
         or any material part of its business affairs;

     (d) the entry of an order in the Chapter 11 cases confirming
         a plan of reorganization or liquidation that does not
         contain a provision for the full payment of all
         obligations under the DIP Credit Agreement;

     (e) the entry of an order amending, supplementing, staying,
         vacating, or otherwise modifying DIP Credit Agreement
         without the written consent of the DIP Lender;

     (f) the Final DIP Order, in form and substance acceptable to
         Lender, is not entered promptly following the expiration
         of the Interim DIP Order;

     (g) the Final DIP Order, in form and substance acceptable to
         Lender, is not entered on or before the date that is 75
         days after the entry of the Interim DIP Order;

     (h) the appointment of a trustee or examiner in the Chapter
         11 cases (or Debtors apply for, consents to, or
         acquiesces in, any such relief);

     (i) the dismissal of any Chapter 11 Case, or the conversion
         of any Chapter 11 case from one under Chapter 11 to one
         under Chapter 7 of the U.S. Bankruptcy Code (or Debtor
         applies for, consents to, or acquiesces in, any such
         relief);

     (j) the entry of an order by the Court granting relief from
         or modifying the automatic stay of Section 362 of the
         Bankruptcy Code (i) to allow any creditor to execute upon

         or enforce a lien on any DIP Collateral, or (ii) with
         respect to any lien of or the granting of any lien on any

         DIP Collateral to any state or local environmental or
         regulatory agency or authority, which in either case is
         with respect to any portion of the DIP Collateral having
         a value, individually or in the aggregate, in excess of
         $25,000 or which would otherwise have a material adverse
         effect;

     (k) the commencement of a suit or action against the DIP
         Lender by or on behalf of a Debtor or its bankruptcy
         estate;

     (l) the breach of and/or failure of a Debtor to perform any
         of its obligations under the DIP Credit Agreement; or

     (m) the Court or any other court of competent jurisdiction
         enters an order or judgment, or Debtors apply for,
         consent to, or acquiesce in, the entry of such order or
         judgment, in the Chapter 11 cases modifying, limiting,
         subordinating or avoiding (i) the priority of any
         obligations owing to the DIP Lender under the DIP Credit
         Agreement, or (ii) the perfection, priority or validity
         of any lien securing such obligations.

A copy of the Debtors' Motion is available at:

           http://bankrupt.com/misc/deb18-10344-16.pdf

                    About Pinktoe Tarantula

Pinktoe Tarantula Limited is located in New York City, and was
founded in 2011.  The Company, together with its subsidiaries,
operate in the shoe stores industry.

Pinktoe Tarantula, and affiliates Desert Blonde Tarantula Limited
and Red Rump Tarantula Limited sought Chapter 11 protection (Bankr.
D. Del. Case No. 18-10344 to 18-10346) on Feb. 17, 2018.

In the petitions signed by CRO William Kaye, Pinktoe Tarantula
estimated its assets at between $1 million and $10 million and its
liabilities at between $10 million and $50 million; Desert Blonde
estimated its assets at between $500,000 and $1 million and its
liabilities at between $1 million and $10 million; and Red Rump
estimated its assets at up to $50,000 and its liabilities at
between $1 million and $10 million.

Judge Kevin J. Carey presides over the case.

Dennis A. Meloro, Esq., at Greenberg Traurig, LLP, serves as the
Debtors' bankruptcy counsel.


PITTSFIELD DEV'T: Needs More Time to Solicit Acceptances of Plan
----------------------------------------------------------------
Pittsfield Development LLC asks the U.S. Bankruptcy Court for the
Northern District of Illinois to extend the exclusive period for
the Debtor to solicit acceptances of its plan of reorganization
until June 1, 2018.

As reported by the Troubled Company Reporter on Oct. 25, 2017, the
Court extended, at the behest of the Debtor, the Debtor's exclusive
periods to file a Chapter 11 plan and solicit acceptance of the
plan through Jan. 5, 2018, and March 2, 2018, respectively.

The Debtor says it filed its plan within the exclusive time to file
a plan and is now working on plan confirmation which is scheduled
for hearing after the exclusive period for solicitations would
expire.  The Debtor filed its plan and disclosure statement on Jan.
3, 2018.  The Court has set the plan confirmation hearing for March
20, 2018.

So that the Debtor may complete the plan confirmation process, it
requests a three-month extension of the exclusivity period, to June
1.  The Debtor assured the Court that it is not seeking extension
for undue delay.  The Debtor says it is following the court-ordered
timeline for confirming its plan, but it the timeline extends
beyond the current exclusivity deadline.

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

        http://bankrupt.com/misc/ilnb17-09513-199.pdf

                 About Pittsfield Development

Pittsfield Development LLC, owner of approximately one-third of the
Pittsfield Building at 55 East Washington, Chicago, filed a Chapter
11 bankruptcy petition (Bankr. N.D. Ill. Case No. 17-09513) on
March 26, 2017.  Robert Danial, its manager, signed the petition.
The Debtor disclosed total assets of $2.34 million and total
liabilities of $8.76 million.

The Hon. Jacqueline P. Cox presides over the case.  

Factor Law serves as bankruptcy counsel to the Debtor.  The Debtor
tapped Kenneth W. Pilota P.C. as special real estate tax counsel;
Thompson Coburn LLP, as special real estate tax appeal counsel; and
Imperial Realty Company, as real estate broker.


PRECIPIO INC: Faces $2.2M Lawsuit Over Alleged Breach of Contract
-----------------------------------------------------------------
Crede Capital Group LLC has filed a lawsuit against Precipio, Inc.
in the Supreme Court of the State of New York for Summary Judgment
in Lieu of Complaint requiring the Company to pay cash owed to
Crede.  Crede claims that Precipio has breached a Securities
Purchase Agreement and Warrant that Crede entered into in
connection with an investment in Transgenomic, Inc., the
predecessor of the Company and that pursuant to those agreements,
Precipio currently owes Crede the sum of $2,205,008.  In addition
to the aforementioned sum, Crede is also demanding that the Company
will pay an additional sum of $3,737.32 per day between the date of
the summons and the date that judgment is entered, plus interest.
As previously disclosed by the Company, Crede had sent the Company
a letter claiming that the Company owed Crede $1.8 million.

The Company said it is evaluating Crede's claims.  "There can be no
assurance regarding the ultimate outcome of this case.  An adverse
outcome could have a material adverse effect on financial condition
and liquidity," according to a Form 8-K filed by Precipio with the
Securities and Exchange Commission.

                        About Precipio

Omaha, Nebraska-based Precipio, formerly known as Transgenomic,
Inc. -- http://www.precipiodx.com/-- has built a platform designed
to eradicate the problem of misdiagnosis by harnessing the
intellect, expertise and technology developed within academic
institutions and delivering quality diagnostic information to
physicians and their patients worldwide.  Through its
collaborations with world-class academic institutions specializing
in cancer research, diagnostics and treatment, initially the Yale
School of Medicine, Precipio offers a new standard of diagnostic
accuracy enabling the highest level of patient care.

Transgenomic reported a net loss available to common stockholders
of $8 million on $1.55 million of net sales for the year ended Dec.
31, 2016, compared with a net loss available to common stockholders
of $34.27 million on $1.92 million of net sales for the year ended
Dec. 31, 2015.  As of Sept. 30, 2017, Precipio had $34.97 million
in total assets, $14.57 million in total liabilities and $20.40
million in total stockholders' equity.

Marcum LLP, in Hartford, CT, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2016, stating that the Company has incurred operating losses
and used cash for operating activities for the past several years.
This raises substantial doubt about the Company's ability to
continue as a going concern.


PULLARKAT OIL: Taps Stanley Fogel as Accountant
-----------------------------------------------
Pullarkat Oil Venture, LLC, seeks approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire an accountant.

The Debtor proposes to employ Stanley Fogel, a certified public
accountant, to prepare its monthly operating reports and provide
accounting services necessary to operate its business.

Mr. Fogel will be paid a flat fee of $300 per month for accounting
services and $125 per month for the preparation of the Debtor's
monthly operating reports.

In a court filing, Mr. Fogel disclosed that he does not hold or
represent any interest adverse to the Debtor or its estate.

Mr. Fogel maintains an office at:

     Stanley Fogel
     14675 Midway Road, Suite 200
     Addison, TX 75001
     Phone: 972-991-1272
     Fax: 630-570-7614

                   About Pullarkat Oil Venture

Pullarkat Oil Venture, L.L.C., owns and operates two gas stations
in Tarrant County, Texas.  

Pullarkat Oil Venture filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Tex. Case No. 17-44743) on Nov. 20, 2017.  In the
petition signed by Renil Radhakrishnan, president, the Debtor
estimated assets of less than $50,000 and liabilities of less than
$1 million.

Judge Mark X. Mullin is assigned to the case.

The Debtor is represented by William F. Kunofsky, Esq., at the Law
Office of William F. Kunofsky.


REAL INDUSTRY: Objects to Bid for Equity Committee Appointment
--------------------------------------------------------------
BankruptcyData.com reported that Real Industry filed with the U.S.
Bankruptcy Court a redacted objection to the ad hoc committee's
motion for an order directing the appointment of an official equity
committee, pursuant to Section 1102 of the Bankruptcy Code.  The
objection asserts, "The Motion seeks extraordinary relief in the
form of the appointment of an Equity Committee. The Motion fails to
carry the heavy evidentiary burden required to justify such relief.
The Motion identifies neither factual nor legal support
establishing - as the Ad Hoc Committee is required to do - that
Common Stockholders have a substantial likelihood of a meaningful
distribution upon a pure application of the absolute priority rule,
or that the appointment of an Equity Committee is required to
represent the interests of Common Stockholders. Rather, the Ad Hoc
Committee has offered nothing - other than mere speculation - that
it is 'virtually guaranteed' to receive distribution and that it
cannot adequately represent its interests. Such speculation is
legally insufficient. In addition, the interests of Common
Stockholders are adequately represented by Real Industry's Board of
Directors and existing management. The Motion should therefore be
denied because an Equity Committee is unnecessary, or at the very
least, because the Ad Hoc Committee has failed to satisfy its
burden."

                      About Real Industry

Based in Beachwood, Ohio, Real Industry, Inc. (NASDAQ:RELY) is the
holding company for Real Alloy, the largest third-party aluminum
recycler in both North America and Europe.  Real Alloy offers
products to wrought alloy processors, automotive original equipment
manufacturers, foundries, and casters.  Real Alloy delivers
recycled metal in liquid or solid form according to customer
specifications and serves the automotive, consumer packaging,
aerospace, building and construction, steel, and durable goods
industries.

Real Industry has no funded debt.  The funded debt obligations of
the Real Alloy debtors total $400 million, comprised of (i) $96
million outstanding under a $110 senior secured revolving
asset-based credit facility with Bank of America, and (ii) $305
million in principal outstanding under 10.00% senior secured notes
due 2019.

Real Industry, Inc., and Real Alloy Intermediate Holding, LLC, Real
Alloy Holding, Inc., and their U.S. subsidiaries filed voluntary
petitions seeking relief under Chapter 11 of the Bankruptcy Code in
Delaware on Nov. 17, 2017.

The Honorable Kevin J. Carey is the case judge.

The Debtors tapped Saul Ewing Arnstein & Lehr LLP as local
bankruptcy counsel; Jefferies LLC as the debtors' investment
banker; Berkeley Research Group, LLC as financial advisor; Ernst &
Young LLP as auditor and tax advisor; and Prime Clerk as the claims
and noticing agent and administrative advisor.

The Ad Hoc Noteholder Group tapped Latham & Watkins LLP as counsel;
Young Conway Stargatt & Taylor LLP as Delaware counsel; and Alvarez
& Marsal Securities, LLC, as financial advisor.

DDJ Capital Management, LLC, Osterweis Capital Management, HPS
Investment Partners, LLC, Hotchkis & Wiley Capital Management, and
Southpaw Credit Opportunity Master Fund L.P. comprise the Ad Hoc
Noteholder Group.

The Official Committee of Unsecured Creditors tapped Brown Rudnick
LLP as counsel; Duane Morris LLP as Delaware counsel; Miller
Buckfire & Co, LLC, as investment banker; and Goldin Associates,
LLC, as financial advisor.

The Ad Hoc Committee of Equity Holders of Real Industry tapped the
firms of Dentons US LLP and Bayard, P.A., as counsel.

                          *     *     *

Real Alloy entered into an agreement with its existing asset-based
facility lender and certain of its bondholders for continued use of
its $110 million asset-based lending facility and up to $85 million
of additional liquidity through debtor-in-possession financing to
fund ongoing business operations.

As Real Industry has no access to the Real Alloy debtors'
postpetition financing, Real Industry accepted an unsolicited
proposal from 210 Capital, LLC and the Private Credit Group of
Goldman Sachs Asset Management L.P. for (i) up to  $5.5 million in
postpetition financing, (ii) an equity commitment of $17 million
for up to 49% of the common stock, and (iii) a commitment to
provide a $500 million acquisition financing facility on terms to
be negotiated.


REES ASSOCIATES: Seeks Approval of 1st Amended Disclosure Statement
-------------------------------------------------------------------
Rees Associates, Inc., filed a second motion asking the U.S.
Bankruptcy Court for the Southern District of Iowa to conditionally
approve the first amended disclosure statement explaining the
Debtor's plan of reorganization and to combine the hearings on the
final approval of the Disclosure Statement and confirmation of the
Plan.

On Jan. 10, 2018, the Debtor filed its Combined Plan and Disclosure
Statement, a full-text copy of which is available at:

      http://bankrupt.com/misc/iasb17-00273-121.pdf

The Court set the matter for telephonic hearing on Jan. 24, 2018.
At the telephonic hearing, concerns were raised by the Court, the
U.S. Trustee, and the Official Committee of Unsecured Creditors,
which resulted in the Court issuing a Minute Order Denying the
Application for Conditional Approval.

The Debtor amended its Combined Disclosure Statement and Plan to
address the concerns that were raised at the hearing, and filed its
First Amended Combined Disclosure Statement and Plan on February
20, 2018, a full-text copy of which is available at:

      http://bankrupt.com/misc/iasb17-00273-11-132-1.pdf

The Debtor asserts that conditional approval of its First Amended
Combined Disclosure Statement and Plan of Reorganization, and the
combination of the hearings on final approval of the First Amended
Combined Disclosure Statement and confirmation of the Plan are
appropriate and in the best interest of creditors and parties in
interest in the Bankruptcy Case.

The First Amended Combined Disclosure Statement and Plan of
Reorganization is the product of substantial work, the Debtor tells
the Court.  The Debtor is informed and believes that it has
prepared a thorough Disclosure Statement; in addition, the Debtor
is willing to provide such other information as may be reasonably
requested by a creditor or party in interest relating to the Plan.

The Debtor would assert that conditional approval of the First
Amended Disclosure Statement and the combination of the hearings on
final approval of the First Amended Disclosure Statement and
confirmation of the Plan will serve to shorten the confirmation
process and accelerate the timetable for commencement of payments
to creditors under the Plan. Moreover, the combination of the
hearings will reduce the administrative expenses of the estate.

                   About Rees Associates Inc.

Based in Des Moines, Iowa, Rees Associates, Inc., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Iowa Case No.
17-00273) on Feb. 27, 2017.  In the petition signed by Stephen D.
Lundstrom, president, the Debtor disclosed $6.43 million in assets
and $3.58 million in liabilities.

Jeffrey D. Goetz, Esq., at Bradshaw Fowler Proctor & Fairgrave
P.C., is the Debtor's counsel.  Amherst Consulting, LLC, is the
Debtor's financial advisor and investment banker.

On March 13, 2017, the U.S. Trustee for Region 12 appointed an
official committee of unsecured creditors, comprised of (1) RR
Donnelley; (2) Packaging Distribution Services, Inc.; and (3)
Integrity Printing.  In June 2017, that RR Donnelley was removed
from the Committee pursuant to a stipulation and consent order
regarding RR Donnelley's motion for relief from automatic stay.

The Creditors Committee retained Shaw Fishman Glantz & Towbin LLC
as bankruptcy counsel, and Dickinson Mackaman Tyler & Hagen, P.C.,
as Iowa counsel.  The Committee also retained Province Inc. as
financial advisor.


RESOLUTE FOREST: Egan-Jones Hikes FC Sr. Unsecured Rating to B-
---------------------------------------------------------------
Egan-Jones Ratings Company, on February 23, 2018, upgraded the
foreign currency senior unsecured rating on debt issued by Resolute
Forest Products Inc. to B- from CCC+. EJR also raised the foreign
currency rating on commercial paper issued by the Company to B from
C.

Based in Montreal, Canada, Resolute Forest Products Inc. operates
in the forest products industry in the United States, Canada,
Mexico, Brazil, and internationally.


REVSTONE INDUSTRIES: GFL, ZFCC Dispute Not Amenable to Mediation
----------------------------------------------------------------
Chief Magistrate Judge Mary Pat Thynge recommends that pursuant to
paragraph 2(a) Procedures to Govern Mediation of Appeals from the
U.S. Bankruptcy Court for this District and 28 U.S.C. section
636(b), the matter captioned GREENWOOD FORGINGS, LLC, Appellant, v.
ZF CHASSIS COMPONENTS, LLC, et al., Appellees, C. A. No. 18-151-GMS
(D. Del.) be withdrawn from the mandatory referral for mediation
and proceed through the appellate process of this Court. The
parties will not be filing objections to this Recommendation
pursuant to 28 U.S.C. section 636(b)(1)(B), FED. R. CIV. P. 72(a)
and D. DEL. LR 72.1 since the Recommendation is consistent with the
parties' request to be removed from mandatory mediation.

The issues involved in this case are not amenable to mediation and
mediation at this stage would not be a productive exercise, a
worthwhile use of judicial resources nor warrant the expense of the
process since the material impediments that existed in this matter
before the parties' motions for summary judgment and the Bankruptcy
Court's decision still remain.

The bankruptcy case is in re: REVSTONE INDUSTRIES, LLC, et al.,
Chapter 11 Registered Debtors, Case No. 15-50033 (BLS)(Bankr. D.
Del.).

A full-text copy of Judge Thynge's Recommendation dated Feb. 12,
2018 is available at https://is.gd/0kjn2C from Leagle.com.

Greenwood Forgings, LLC, Appellant, represented by Laura Davis
Jones -- ljones@pszjlaw.com -- Pachulski, Stang, Ziehl & Jones, LLP
& Colin R. Robinson -- crobinson@pszjlaw.com -- Pachulski, Stang,
Ziehl & Jones, LLP.

ZF Chassis, Appellee, represented by William F. Taylor, Jr. --
wtaylor@mccarter.com -- McCarter & English, LLP & Kate Roggio Buck
-- kbuck@mccarter.com -- McCarter & English, LLP.

                    About Revstone Industries

Lexington, Kentucky-based Revstone Industries LLC, a maker of truck
parts, filed for Chapter 11 bankruptcy (Bankr. D. Del. Case No.
12-13262) on Dec. 3, 2012.  Judge Brendan Linehan Shannon oversees
the case.  Laura Davis Jones, Esq., Timothy P. Cairns, Esq., and
Colin Robinson, Esq., at Pachulski Stang Ziehl & Jones LLP
represent Revstone.  In its petition, Revstone estimated under $50
million in assets and debt.

Affiliate Spara LLC filed its Chapter 11 petition (Bankr. D. Del.
Case No. 12-13263) on Dec. 3, 2012.

Lexington-based Greenwood Forgings, LLC (Bankr. D. Del. Case No.
13-10027) and US Tool & Engineering LLC (Bankr. D. Del. Case No.
13-10028) filed separate Chapter 11 petitions on Jan. 7, 2013.
Judge Shannon also oversees the cases.

Duane David Werb, Esq., at Werb & Sullivan, serves as bankruptcy
counsel to Greenwood and US Tool.

Greenwood estimated $1 million to $10 million in assets and $10
million to $50 million in debts.  US Tool & Engineering estimated
under $1 million in assets and $1 million to $10 million in debts.

The petitions were signed by George S. Homeister, chairman.

Metavation, also known as Hillsdale Automotive, LLC, joined parent
Revstone in Chapter 11 (Bankr. D. Del. Case No. 13-11831) on July
22, 2013, to sell the bulk of its assets to industry rival Dayco
for $25 million.  Following the sale, Metavation changed its name
to TPOP LLC.

Metavation tapped Pachulski as its counsel.  Pachulski also serves
as counsel to Revstone and Spara.  Metavation also has tapped
McDonald Hopkins PLC as special counsel, and Rust Consulting/Omni
Bankruptcy as claims agent and to provide administrative services.
Stuart Maue is fee examiner.

Mark L. Desgrosseilliers, Esq., Ericka Fredricks Johnson, Esq.,
Steven K. Kortanek, Esq., and Matthew P. Ward, Esq., at Womble
Carlyle Sandridge & Rice, LLP, represent the Official Committee of
Unsecured Creditors in Revstone's case.

Boston Finance Group, LLC, a committee member, also has hired as
counsel Gregg M. Galardi, Esq., and Sarah E. Castle, Esq., at DLA
Piper LLP.

                           *     *     *

Revstone Industries, LLC, Spara, LLC, Greenwood Forgings, LLC, and
US Tool & Engineering, LLC, on Dec. 10, 2014, filed with the
Bankruptcy Court a joint Chapter 11 plan and disclosure statement,
which incorporate the Bankruptcy Court-approved settlement between
the Debtors and each of their respective debtor and non-debtor
subsidiaries, except TPOP LLC fka Metavation, the Pension Benefit
Guaranty Corporation, the Official Committee of Unsecured
Creditors, and Boston Finance Group, LLC, and a separate
intercompany settlement among Revstone and Spara and each of their
respective debtor and non-debtor subsidiaries.

Under the Plan, Revstone's unsecured creditors with claims ranging
from $24.5 million to $41.5 million, the projected recovery is 7.2%
to 12.2%.  For unsecured creditors of affiliate Spara LLC, the
predicted recovery is about 4.2% to creditors with some $13 million
in claims, while unsecured creditors of Greenwood Forgings LLC and
US Tool & Engineering LLC don't get anything.

The PBGC is projected for recovery of $77 million, although not
less than $75 million, after giving credit to money earmarked for
unsecured creditors.

Judge Shannon on Jan. 15, 2015, approved the disclosure statement
explaining the Chapter 11 Plan.  Judge Shannon on March 23, 2015,
confirmed the Joint Chapter 11 Plan of Reorganization of Revstone
Industries, LLC, Spara, LLC, Greenwood Forgings, LLC, and US Tool &
Engineering, LLC, and the Chapter 11 plan of liquidation of TPOP,
LLC, f/k/a Metavation, LLC.


SEADRILL LTD: Reaches Global Deal with Committee & Major Creditors
------------------------------------------------------------------
BankruptcyData.com reported that Seadrill Ltd. announced a global
settlement with an ad hoc group of bondholders, the official
committee of unsecured creditors and other major creditors in its
Chapter 11 cases.  As a result of the settlement, approximately 70%
of the Company's bondholders by principal amount have now signed an
agreement to support the Company's restructuring. Approximately 99%
of the Company's bank lenders by principal amount had previously
signed and remain party to the agreement. The settlement adds
additional bondholders as commitment parties to the Company's
approximately $1 billion new capital raise and also significantly
increases proposed distributions to general unsecured creditors
under the Company's Plan. The settlement also includes an agreement
regarding the amount and treatment of the claims of Samsung Heavy
Industries Co. and Daewoo Shipbuilding & Marine Engineering Co.,
two shipyards that are party to new-build contracts with the
Company. Anton Dibowitz, C.E.O. and president of Seadrill,
comments, "The settlement is a pivotal moment in our efforts to
implement a broadly-consensual comprehensive restructuring plan. We
now have virtually all of our bank lenders, a supermajority of our
bonds, the official creditors' committee, new-build contract
counterparties, and our largest shareholder supporting our
restructuring. We look forward to the successful implementation of
the transaction in the near future."

                      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.


SHIRAZ HOLDINGS: April 3 Plan Confirmation Hearing Set
------------------------------------------------------
Judge Paul G. Hyman, Jr., of the U.S. Bankruptcy Court for the
Southern District of Florida has approved the disclosure statement
explaining Shiraz Holdings, LLC's plan and will convene on April 3,
2018, at 1:30 p.m., a hearing to consider confirmation of the plan
and approval of fee applications.

Deadline for filing fee applications is March 13, 2018.

Deadline for filing objections to confirmation is March 20.

As previously reported by The Troubled Company Reporter, each
holder of an Allowed General Unsecured Claim against Shiraz
Holdings, LLC, will receive either: (1) on a pro-rata basis, total
distributions in an amount equal to the value of the unencumbered
estate property available for distribution to general unsecured
creditors after payment of all priority, administrative and senior
claimants paid annually over a period of five years on the
Distribution Dates; or (2) other treatment as may be consensually
agreed to by Debtor and the holder of an Allowed General Unsecured
Claim, according to the disclosure statement explaining the
Debtor's Chapter 11 plan of reorganization.

The Available Value consists of, among other things, anticipated
net proceeds from the sale of the Hurricane Property, net proceeds
from the sale of Iris Property, and other assets available for
distribution to general unsecured creditors.

Debtor will fund payments to be made under the Plan through the
following: (1) cash on hand on the Effective Date; (2) exit
financing, if necessary; (3) cash generated by Debtor in the
ordinary course of business on and after the Effective Date; and/or
(4) contribution from equity, New Value.

A full-text copy of the Disclosure Statement dated Dec. 23, 2017,
is available at:

          http://bankrupt.com/misc/flsb17-17968-133.pdf

                     About Shiraz Holdings

Shiraz Holdings, LLC, based in Delray Beach, Fla., filed a Chapter
11 petition (Bankr. S.D. Fla. Case No. 17-17968) on June 26, 2017.
In the petition signed by Jordan A. Satary, managing member, the
Debtor estimated $10 million to $50 million in both assets and
liabilities.  The Hon. Paul G. Hyman, Jr. presides over the case.
Thomas M. Messana, Esq., at Messana, P.A., serves as bankruptcy
counsel to the Debtor.  Fadi Elkhatib and Ten-X, LLC, serve as the
Debtor's real estate broker.  Ten-X, LLC, is the Debtor's
auctioneer.


SS&C TECHNOLOGIES: Loan Upsize No Impact on Moody's Ba3 CFR
-----------------------------------------------------------
Moody's Investors Service commented that SS&C Technologies
Holdings, Inc.'s Ba3 Corporate Family Rating (CFR), Ba3-PD
Probability of Default Rating (PDR), Ba3 ratings for its proposed
senior secured credit facilities and the negative ratings outlook
are not affected by SS&C's changes in financing for the acquisition
of DST Systems, Inc (DST). SS&C's revised financing plans
contemplate an increase in the size of new term loans by $500
million to $6.13 billion. The company expects to raise an
additional $750 million of financing from a combination of debt and
equity issuances to complete the pending acquisition of DST.

SS&C's ratings and the negative ratings outlook continue to
incorporate Moody's assumption that at least $500 million of the
purchase price will be financed with equity.



STREET BREADS: Taps T.A.R.A. Kopelman as Accountant
---------------------------------------------------
Street Breads of Southwest Louisiana, LLC, seeks approval from the
U.S. Bankruptcy Court for the Middle District of Louisiana to hire
T.A.R.A. Kopelman, Inc., as its accountant.

The firm will provide the Debtor with accounting advice regarding
its duties in the continued operation of its business and
management of its property, and will provide other accounting
services related to the Debtor's Chapter 11 case.

The firm's professionals who will be providing the services and
their hourly rates are:

     Tara Kopelman     $125
     Rachel Jacobs      $75

T.A.R.A. Kopelman does not hold any claim or interest adverse to
the Debtor's estate, according to court filings.

The firm can be reached through:

         Tara Kopelman
         T.A.R.A. Kopelman, Inc.
         19912 Deer Crossing Rd.
         Franklinton, LA 70438-8103
         Phone: (504) 812-3406

                      About Street Breads

Street Breads of Southwest Louisiana, LLC, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. La. Case No.
18-10112) on Feb. 5, 2018.  In the petition signed by Joshua
Priola, member, the Debtor estimated assets of less than $500,000
and liabilities of less than $1 million.  Stewart Robbins & Brown,
LLC, is the Debtor's legal counsel.


THINK TRADING: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 cases of Think Trading, Inc., and its affiliates
Salon Supply Store, LLC, and FunkytownMall.com, Inc., as of Feb.
26, according to a court docket.

                      About Think Trading

Think Trading Inc. -- https://thinktradinginc.com/ -- is a
distribution e-commerce company with multiple online storefronts,
marketplace operations and over 14,000 products.  It provides
wholesale and retail sales of products in various industries.
Based in Palm Beach Gardens, Florida, Think Trading is housed in a
60,000-foot warehouse where all inventory, packaging, and shipping
is housed and handled. It was founded in 2001 and has more than 50
employees.

Think Trading's affiliate Funkytownmall.com, Inc., offers a
selection of body jewelry online while Salon Supply Store LLC, a
company based in Palm Beach Gardens, Florida, provides its
customers with a variety of salon equipment and beauty supplies
ranging from popular nail polish brands to spray tanning machines
and salon furniture.

Think Trading, Funkytownmall.com and Salon Supply Store sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.
Fla. Case Nos. 17-24767 to 17-24769) on Dec. 12, 2017.  The cases
are jointly administered under Case No. 17-24767.

In the petitions signed by Gustavo Mitchell, president of Think
Trading and FunkytownMall.com, Think Trading and FunkytownMall.com
estimated assets of less than $50,000 and liabilities of less than
$1 million, and Salon Supply estimated assets of less than $50,000
and liabilities of $1 million to $10 million.

Judge Erik P. Kimball presides over the cases.

The Debtors hired Lubliner Kish PLLC as Chapter 11 counsel, and
Pasternack Associates LLC as bookkeeper.

The Debtors hired Jeffrey Pasternack, and the firm of Pasternack
Associates LLC, to provide accounting and bookkeeping services to
their bankruptcy estates.


TK HOLDINGS: Hawaii's Claims Discharged by Confirmed Ch. 11 Plan
----------------------------------------------------------------
Plaintiffs TK Holdings Inc. and its affiliated debtors and
debtors-in-possession in the adversary proceeding captioned TK
HOLDINGS INC., et al., Plaintiffs, v. STATE OF HAWAI'I, by its
Office of Consumer Protection, GOVERNMENT OF THE UNITED STATES
VIRGIN ISLANDS, STATE OF NEW MEXICO, ex. rel. HECTOR BALDERAS,
Attorney General, et al., Defendants, Adv. Pro. No. 17-51886 (BLS)
(Bankr. D. Del.) filed a motion for summary judgment seeking a
declaration that certain pre-petition claims asserted by the United
States Virgin Islands, Hawai'i and New Mexico in three separate
prepetition lawsuits are dischargeable. Specifically, the question
is whether claims for relief brought by the States under their
respective consumer protection statutes (on account of fraud
alleged to have perpetrated upon citizens of the States by the
Debtors) may be discharged under Bankruptcy Code section
1141(d)(6).

Chief Bankruptcy Judge Brendan Linehan Shannon finds that the
claims of the States may be discharged by operation of a confirmed
plan of reorganization. The Debtors' Motion is granted.

The Court's conclusion is buttressed by analysis of another
provision governing exceptions to discharge. In section 523(a)(7),
Congress provided that an individual debtor is not discharged from
a claim "to the extent such debt is for a fine, penalty or
forfeiture payable to and for the benefit of a government unit, and
is not compensation for actual pecuniary loss." 11 U.S.C. section
523(a)(7). Crucially, Congress did not choose to include section
523(a)(7) in identifying claims from which a corporate debtor may
not receive a discharge.

Review of the complaints filed in the State Actions reveals that
the claims articulated fall squarely within the statutory framework
of section 523(a)(7). Civil fines and penalties imposed by a
governmental entity, and unrelated to its own actual losses, may be
discharged in a confirmed corporate Chapter 11 plan.

The bankruptcy case is in re: TK HOLDINGS INC., et al., Chapter 11,
Debtors, Case No. 17-11375 (BLS) (Bankr. D. Del.)

A full-text copy of Judge Shannon's Opinion dated Feb. 14, 2017 is
available at https://is.gd/hskalR from Leagle.com.

TK Holdings, Inc., Plaintiff, represented by Brett Michael Haywood
-- haywood@rlf.com -- Richards, Layton & Finger, P.A. & Russell C.
Silberglied -- silberglied@rlf.com -- Richards, Layton & Finger.

Takata Americas, TK Finance, LLC, TK China, LLC, Takata Protection
Systems Inc., Interiors in Flight Inc., TK Mexico Inc., TK Mexico
LLC, TK Holdings de Mexico, S. de R.L. de C.V., Industrias Irvin de
Mexico, S.A. de C.V., Takata de Mexico, S.A. de C.V. &
Strosshe-Mex, S. de R.L. de C.V., Plaintiffs, represented by
Russell C. Silberglied , Richards, Layton & Finger.

State of Hawai'i, by its Office of Consumer Protection & Government
of the United States Virgin Islands, Defendants, represented by
Thomas G. Macauley -- tm@macdelaw.com -- Macauley LLC.

State of New Mexico, ex rel. Hector Balderas, Attorney General,
Defendant, represented by Daniel R. Ferri -- dferri@dlcfirm.com --
DiCello Levitt & Casey LLC.

                      About TK Holdings

Japan-based Takata Corporation (TYO:7312) --
http://www.takata.com/en/-- develops, manufactures and sells
safety products for automobiles. The Company offers seatbelts,
airbags, steering wheels, child seats and trim parts.
Headquartered in Tokyo, Japan, Takata operates 56 plants in 20
countries with approximately 46,000 global employees worldwide.
The Company has subsidiaries located in Japan, the United States,
Brazil, Germany, Thailand, Philippines, Romania, Singapore, Korea,
China and other countries.

Takata Corp. filed for bankruptcy protection in Tokyo and the U.S.,
amid recall costs and lawsuits over its defective airbags.  Takata
and its Japanese subsidiaries commenced proceedings under the Civil
Rehabilitation Act in Japan in the Tokyo District Court on June 25,
2017.

Takata's main U.S. subsidiary TK Holdings Inc. and 11 of its U.S.
and Mexican affiliates each filed voluntary petitions under Chapter
11 of the U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No.
17-11375) on June 25, 2017.  Together with the bankruptcy filings,
Takata announced it has reached a deal to sell all its global
assets and operations to Key Safety Systems (KSS) for US$1.588
billion.

Nagashima Ohno & Tsunematsu is Takata's counsel in the Japanese
proceedings.  Weil, Gotshal & Manges LLP and Richards, Layton &
Finger, P.A., are serving as counsel in the U.S. cases.

PricewaterhouseCoopers is serving as financial advisor, and Lazard
is serving as investment banker to Takata.  Ernst & Young LLP is
tax advisor.  Prime Clerk is the claims and noticing agent.  The
Debtors Meunier Carlin & Curfman LLC, as special intellectual
property counsel.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal
counsel, KPMG is serving as financial advisor, Jefferies LLC is
acting as lead financial advisor.  UBS Investment Bank also
provides financial advice to KSS.

On June 28, 2017, TK Holdings, as the foreign representative of the
Chapter 11 Debtors, obtained an order of the Ontario Superior Court
of Justice (Commercial List) granting, among other things, a stay
of proceedings against the Chapter 11 Debtors pursuant to Part IV
of the Companies' Creditors Arrangement Act.  The Canadian Court
appointed FTI Consulting Canada Inc. as information officer.  TK
Holdings, as the foreign representative, is represented by McCarthy
Tetrault LLP.

The U.S. Trustee has appointed an Official Committee of Unsecured
Trade Creditors and a separate Official Committee of Tort
Claimants.

The Official Committee of Unsecured Creditors has selected
Christopher M. Samis, Esq., L. Katherine Good, Esq., and Kevin F.
Shaw, Esq., at Whiteford, Taylor & Preston LLC, in Wilmington,
Delaware; Dennis F. Dunne, Esq., Abhilash M. Raval, Esq., and Tyson
Lomazow, Esq., at Milbank Tweed Hadley & McCloy LLP, in New York;
and Andrew M. Leblanc, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in Washington, D.C., as its bankruptcy counsel.  The Committee
has also tapped Chuo Sogo Law Office PC as Japan counsel.

The Official Committee of Tort Claimants selected Pachulski Stang
Ziehl & Jones LLP as counsel.  Gilbert LLP will evaluate of the
insurance policies.  Sakura Kyodo Law Offices will serve as special
counsel.

Roger Frankel, the legal representative for future personal injury
claimants of TK Holdings Inc., et al., tapped Frankel Wyron LLP and
Ashby & Geddes PA to serve as co-counsel.

Takata Corporation ("TKJP") and affiliates Takata Kyushu
Corporation and Takata Services Corporation commenced Chapter 15
cases (Bankr. D. Del. Case Nos. 17-11713 to 17-11715) on Aug. 9,
2017, to seek U.S. recognition of the civil rehabilitation
proceedings in Japan.  The Hon. Brendan Linehan Shannon oversees
the Chapter 15 cases.  Young, Conaway, Stargatt & Taylor, LLP,
serves as Takata's counsel in the Chapter 15 cases.

                     *     *     *

Takata Corporation on Feb. 21, 2018, disclosed that the United
States Bankruptcy Court for the District of Delaware has confirmed
the Fifth Amended Chapter 11 Plan of Reorganization filed by TK
Holdings, Inc. ("TKH"), Takata's main U.S. subsidiary, and certain
of TKH's subsidiaries and affiliates.


TOPS HOLDINGS: Taps Epiq as Claims and Noticing Agent
-----------------------------------------------------
Tops Holding II Corporation seeks approval from the U.S. Bankruptcy
Court for the Southern District of New York to hire Epiq Bankruptcy
Solutions, LLC, as its claims and noticing agent.

The firm will oversee the distribution of notices and the
maintenance, processing and docketing of claims filed in the
Chapter 11 cases of the company and its affiliates.

The hourly rates charged by the firm are:

     Clerical/Administrative Support       $25 to $45
     IT/Programming                        $65 to $85
     Case Managers                         $70 to $165
     Consultants/Directors/VPs            $160 to $190
     Solicitation Consultant                  $190
     Executive VP, Solicitation               $215
     Executive                             No Charge

The Debtors provided the firm a retainer in the sum of $25,000.

Angela Tsai, director of Epiq's consulting services, disclosed in a
court filing that her firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

Epiq can be reached through:

     Angela Tsai
     Epiq Bankruptcy Solutions, LLC
     777 Third Avenue, Twelfth Floor,
     New York, NY 10017
     Phone: (646) 282-2523
     Email: atsai@epiqglobal.com

                            About Tops

Tops Markets, LLC -- http://www.topsmarkets.com/-- is
headquartered in Williamsville, NY and operates 169 full-service
supermarkets with five additional by franchisees under the Tops
Markets banner. Tops employs over 14,000 associates and is a
full-service grocery retailer in Upstate New York, Northern
Pennsylvania, and Vermont.

Tops Management, led by Frank Curci, its chairman and chief
executive officer, acquired Tops in December 2013 through a
leveraged buyout from Morgan Stanley's private equity arm.  Morgan
Stanley bought the company in 2007 from the Dutch retailer now
known as Koninklijke Ahold Delhaize NV.  In 2010, Tops acquired The
Penn Traffic Company, a local chain with 64 stores.  In 2012, it
purchased 21 Grand Union Family Markets stores.

Tops Holding II Corporation, and its subsidiaries, including Tops
Markets, LLC, sought Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 18-22279) on Feb. 21, 2018, to pursue a financial
restructuring that would eliminate a substantial portion of debt
from the Company's balance sheet and position Tops for long-term
success.

The Company listed total assets of $977 million and total
liabilities at $1.17 billion as of Dec. 30, 2017.

Weil, Gotshal & Manges LLP is serving as legal counsel to Tops;
Evercore Group L.L.C. is serving as Investment Banker; and FTI
Consulting, Inc., is serving as restructuring advisor.  Hilco Real
Estate, LLC, is the Debtors' real estate advisor.


TTM TECHNOLOGIES: Fitch Corrects February 14 Rating Release
-----------------------------------------------------------
Fitch Ratings has issued a correction to the ratings release on TTM
Technologies, Inc. on Feb. 14, 2018, which corrects the
participation status for TTM Technologies, Inc. and TTM
Technologies Enterprises (HK) Limited.

The revised release is as follows:

Fitch Ratings has assigned Long-Term Issuer Default Ratings (IDRs)
to TTM Technologies, Inc. and TTM Technologies Enterprises (HK)
Limited of 'BB' with a Stable Outlook. Fitch has also assigned a
senior secured debt rating of 'BBB-'/'RR1' for the ABL facilities,
a senior secured debt rating of 'BB+'/'RR1' for the term loans, a
senior unsecured debt rating of 'BB'/'RR4' and a senior
subordinated debt rating of 'B+'/'RR6'. Fitch's actions affect
approximately $1.9 billion of committed, outstanding and
to-be-issued debt. A complete list of rating actions follows at the
end of this release.

KEY RATING DRIVERS

Increased Diversification: TTM has reduced revenue exposure to
wireless-related markets through growth in new end-markets such as
Automotive, Medical & Industrial Instrumentation and Aerospace &
Defense. In 2016 the company derived 37% of revenue from handset
OEMs and network infrastructure (mostly 3g/4g wireless) providers,
down from 56% in 2014. TTM's 2015 acquisition of Viasystems
materially increased exposure to the higher growth Automotive
end-market from 2% of revenue to 20% in 2016. Given Anaren's
product mix, Fitch expects an increase in wireless mix to 40%, as
well as an increase in exposure to Aerospace & Defense (A&D) from
16% to 20% of revenue. A&D markets are characterized by longer
product cycles and lower threat of competitive displacement. Fitch
believes the increased end-market diversity contributes to lower
revenue volatility through economic and product cycles and
introduces new sources of demand as handsets peak and before 5g
buildout begins.

Commitment to Leverage Target: TTM management has expressly
committed to a long-term net leverage target of 2.0x EBITDA. Fitch
estimates gross and net leverage of 3.5x and 3.2x, respectively,
pro forma for the pending acquisition of Anaren. Fitch also
forecasts a decline in gross and net leverage to 3.0x and 2.6x,
respectively, over the ratings horizon, a level consistent with the
recommended ratings category. Management aims to achieve the stated
long-term target in two to three years following the acquisition by
prioritizing debt repayment, limiting M&A and foregoing shareholder
returns. Historically, the company has demonstrated willingness to
exceed the target for M&A opportunities such as the Viasystems
acquisition that took pro forma net leverage (excluding synergies)
to 4.1x but was followed with $220 million in voluntary debt
paydown to reduce net leverage to 2.1x by year-end 2016. Fitch
believes the leverage target is appropriate given mid-single-digit
FCF margins and economic sensitivity.

Product Necessity: TTM produces Printed Circuit Boards (PCBs),
which are used to connect the underlying circuitry in nearly all
electronic and computing products. Given the product's necessity,
long-term demand for PCBs is secure, despite short-term economic
cyclicality. Fitch believes the ubiquitous nature of and
sustainable demand for PCBs is supportive of the company's credit
profile.

Improving FCF Potential: TTM has generated FCF margins averaging
just 5.5% over the prior three-year period. However, Fitch
forecasts FCF margin expansion to high-single-digits due to
acquisition of the higher margin Anaren, opportunities to expand
EBITDA margins through increased sales of value-added design
services, and accelerated demand growth in key end-markets. While
Fitch credits management's strategy for margin expansion, overall
structurally low FCF margins are a restraint on the company's
credit profile.

High Customer Concentration: TTM's OEM clients operate in
concentrated end-markets such as cellular handsets, wireless
infrastructure and autos, resulting in a high customer
concentration for TTM. In fiscal 2016, the top five clients
represented 33% of sales, while Apple accounted for 15% of sales.
These concentrations are down from 44% and 21% in 2014,
respectively. Fitch does not expect the Anaren acquisition to
improve customer diversification given high levels of customer
concentration in the company's end-markets as well. Fitch believes
that the high customer concentration represent a source of
financial risk for TTM in the event of a large client loss.

Fragmented Industry: The PCB industry contains nearly 2600
manufacturers with the top five, including TTM, accounting for 4%
to 5% market shares each. Fitch believes the high level of
fragmentation results in ongoing pricing pressure and low margins.
TTM has improved its competitive positioning with a large-scale,
diversified, global manufacturing footprint that is capable of
fulfilling the high-volume needs of large OEMs.

Weak Position in Value Chain: TTM experiences low revenue
visibility given a limited backlog of approximately 90 days, lack
of volume commitments in contracts and short lead times for
purchase orders that are typically subject to cancellation without
penalty. Fitch believes the company's position reduces forecasting
ability and contributes to FCF volatility.

DERIVATION SUMMARY

Fitch's ratings for TTM Technologies stem from the view that the
company's global production capability, improved diversification,
revenue growth and margin expansion opportunities, product
necessity, and commitment to a leverage target support a credit
profile appropriate for the ratings category while concerns
including, M&A driven elevated leverage, low margins, high customer
concentration, a fragmented industry and a weak position in the
value chain limit further ratings upside. TTM is poised to benefit
from positive trends within target end-markets including increased
technology content in autos, improving defense budgets, 5g wireless
infrastructure buildout and opportunities for higher margin
revenues through design engagement with customers. In addition, the
acquisition of Anaren, as well as the previous acquisition of
Viasystems, serve to increase diversification and reduce economic
cyclicality, resulting in a strengthened credit profile. These
trends help to offset the elevated leverage and low margins that
are the primary credit risks.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Fitch Rating Case for the Issuer
-- Revenue: Total revenue CAGR of 7% due to organic revenue
    growth of 4% to 6% per annum plus addition of higher growth
    rates from Anaren acquisition;
-- Margins: EBITDA margins of 16% to 16.5% due to growing mix of
    design-to-specification revenues;
-- CapEx: Capital intensity of 5% over the ratings horizon due to

    investment in 5G opportunity;
-- M&A: Closing of Anaren acquisition during mid-year 2018 with
    $775 million transaction consideration;
-- Debt: Issuance of $600 million incremental term loan in 2018
    to fund the Anaren acquisition; voluntary term loan
    prepayments of $100 million in 2019 and $150 million per annum

    thereafter.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to
Positive Rating Action
-- Expectation for gross leverage to be sustained below 3.0x.
    Developments That May, Individually or Collectively, Lead to
    Negative Rating Action
-- Expectation for gross leverage to be sustained above 3.5x due
    to a change in financial policies and/or deterioration of
    growth and margin expansion opportunities.

LIQUIDITY

The company's liquidity is in line with the recommended ratings and
is supported by $95 million of readily available onshore cash on
hand, $250 million of availability under the company's U.S. and
Asia ABL facilities, and a manageable maturity profile with the no
significant maturities until 2020 when the the ABL facilities and
the $250 million convertible notes mature. Liquidity is also
supported by Fitch's forecast of $300 million in aggregate FCF over
the ratings horizon.

TTM reported $206.5 million of offshore cash as of 3Q17, which
Fitch has classified as not readily available. However, recent U.S.
tax legislation facilitates access to offshore cash holdings for
domestic liquidity needs, subject to a one-time 15% tax payable
over eight years. As a result, Fitch's forecasts re-classify
offshore cash as readily available after subtracting a 15% tax
liability.

Total committed and outstanding debt pro forma for the acquisition
of Anaren is expected to consist of:
-- $17 million outstanding on the $200 million U.S. ABL facility
    due 2020;
-- $30 million outstanding on the $150 million Asian ABL facility

    due 2020;
-- $350 million and $600 million outstanding principal on the
    senior secured term loan and to-be-issued incremental term
    loans due 2024;
-- $375 million outstanding principal on the senior unsecured
    notes due 2025;
-- $250 million outstanding principal on the senior unsecured
    non-guaranteed convertible notes due 2020.

FULL LIST OF RATING ACTIONS

TTM Technologies, Inc.

-- Long-Term IDR 'BB';
-- Senior secured ABL of 'BBB-/RR1'
-- Senior secured term loans of 'BB+'/'RR1';
-- Senior unsecured notes of 'BB'/'RR4';
-- Senior subordinated notes of 'B+'/'RR6'.

TTM Technologies Enterprises (HK) Limited
-- Long-Term IDR 'BB';
-- Senior secured ABL of 'BBB-'/'RR1'.

The Rating Outlook is Stable.


TULARE REGIONAL: U.S. Trustee Forms Two-Member Committee
--------------------------------------------------------
Tracy Hope Davis, the U.S. Trustee for Region 17, on Feb. 26
appointed two creditors to serve on the official committee of
unsecured creditors in the Chapter 11 case of

The committee members are:

     (1) AMN Healthcare
         Representative: Tamara Swenson
         12400 High Bluff Drive
         San Diego, CA 92130

     (2) Firstsource Solutions USA, LLC
         Representative: Derek Kung
         1661 Lyndon Farm Court
         Louisville, KY 40223

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.

Tulare Local Health Care District, CA dba Tulare Regional Medical
Center (TRMC) filed a petition to commence proceedings as a debtor
under Chapter 9 of the U.S. Bankruptcy Code in the U.S. Bankruptcy
Court for the Eastern District of California on Sept. 30, 2017.
The Nov. 1, 2017 notice to bondholders indicated that the district
has announced a temporary suspension of its business as part of
ongoing efforts by the District to separate from its existing
management services provider.


UBL INTERACTIVE: Actively Seeking a Business Partner
----------------------------------------------------
UBL Interactive, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $0 on $0 of revenues for the three months ended Dec. 31, 2017,
compared to a net loss of $0 on $0 of revenues for the same period
a year ago.

As of Dec. 31, 2017, UBL Interactive had $0 in total assets, $7,635
in total liabilities, and a total stockholders' deficit of $7,635.

During the three months ended Dec. 31, 2017, the Company has had no
active business operations.  The Company has been actively seeking
a merger partner that would create an active business and as such
active business operations.  To date, no merger company has been
found.

During the three months ended Dec. 31, 2017 and Dec. 31, 2016
respectively the Company did not have any operations and therefore
there was no revenues or expenses incurred for the respective
periods.

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

                       https://is.gd/z0fxVm

                       About UBL Interactive

Headquartered in Charlotte, NC, UBL Interactive Inc., until it
ceased operations in July 2015, provided a comprehensive set of
online identity management tools and services to businesses seeking
to optimize their presence in location - based search results on
web, mobile and social platforms.

Thayer O'Neal Company, LLC, the Company's auditor, in its report
dated Jan. 22, 2018, has expressed substantial doubt about the
Company's ability to continue as a going concern.


UNIVERSAL LEARNING: S&P Cuts 2010 School Rev. Bonds Rating to 'BB+'
-------------------------------------------------------------------
S&P Global Ratings lowered its rating on Michigan Finance
Authority's series 2010 fixed-rate charter school revenue bonds,
issued for Universal Learning Academy (ULA), Mich,. to 'BB+' from
'BBB-'. The outlook is negative.

S&P lowered the rating based on its view of the school's demand
profile and coverage ratios, which it believes are no longer
commensurate with a 'BBB-' rating.

"The negative outlook reflects our view of ULA's enrollment and
financial performance that have been variable in the most recent
three years, which in our view have resulted in the softening of
credit profile metrics such as demand, total revenues, and maximum
annual debt service coverage, along with the expectation that the
school's credit profile could continue to materially weaken over
the next year," said S&P Global Ratings credit analyst Brian
Marshall.

The 'BB+' rating reflects S&P's view of the school's:

-- Recent declining enrollment, coupled with a location within an
area that serves a challenging demographic within a struggling
economy;

-- High debt burden; and

-- Risk, as with all charter schools, that the school can be
closed for nonperformance of its charter or for financial distress
before final maturity of the bonds.

Partly offsetting the above strengths, in S&P's opinion, are:

-- A healthy liquidity position and acceptable MADS coverage at
fiscal year-end 2017 for the rating level, with no future new debt
plans in the near term;

-- Historical demand niche, with favorable academic performance,
that caters to a Middle Eastern population that is projected to
increase while overall trends indicate a decline; and

-- Good relationship with the charter authorizer, Bay Mills
Community College, despite recent enrollment declines with one
successful charter renewal that extends through June 2020.

The series 2010 bonds are payable from any legally available funds
of the academy. Under Michigan statute, ULA can only pledge 20% of
state aid revenues in any one year for the repayment of debt
service, and a security interest has been granted to secure
payments in favor of debt service. The charter authorizer, Bay
Mills Community College, delivers 20% of the academy's state aid
directly to the trustee.

S&P said, "The negative outlook reflects our expectation that, over
the next year, any additional weakening of financial performance
beyond fiscal 2017 metrics would likely result in financial profile
metrics no longer comparable with that of peers at the current
rating. We anticipate that the charter school will work to
stabilize its enrollment while balancing financial operations in
order to improve MADS and debt service coverage, and maintain its
current cash position. We anticipate that ULA's demand profile will
continue to reflect solid academics and good student retention
levels.

"We could lower the rating if enrollment declines for fall 2018,
operations produce deficits, MADS coverage weakens, or cash on hand
decreases significantly compared with projected fiscal 2018
results."

A positive rating action is unlikely over the one-year outlook
period, given recent substantial enrollment declines, the
moderately high MADS carrying charge, and current coverage levels.
However, S&P could consider raising the rating if the school
demonstrates a trend of MADS coverage that is more consistent with
the higher rating level while stabilizing enrollment levels and
maintaining a similar liquidity position.


VANCE FAMILY: Taps Diller and Rice as Legal Counsel
---------------------------------------------------
Vance Family Properties, LLC, seeks approval from the U.S.
Bankruptcy Court for the Northern District of Ohio to hire Diller
and Rice, LLC, as its legal counsel.

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

Steven Diller, Esq., and Eric Neuman, Esq., the attorneys who will
be handling the case, will charge $300 per hour and $275 per hour,
respectively.

The Debtor paid Diller and Rice a $5,783 retainer, plus court costs
of $1,717 prior to the petition date.   

Diller and Rice does not hold any interest adverse to the Debtor or
any of its creditors, according to court filings.

The firm can be reached through:

         Steven L. Diller, Esq.
         Eric R. Neuman, Esq.
         Diller and Rice, LLC
         124 East Main Street
         Van Wert, OH 45891
         Phone: 419-238-5025
         E-mail: steven@drlawllc.com
                 eric@drlawllc.com

                 About Vance Family Properties

Based in Marion, Ohio, Vance Family Properties, LLC, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Ohio Case No. 17-33594) on Nov. 16, 2017.  In the petition signed
by Jon Settlemire, member, the Debtor estimated assets and
liabilities of less than $500,000.  Judge John P. Gustafson
presides over the case.  Diller and Rice, LLC, is the Debtor's
legal counsel.


VICTOR P. KEARNEY: Nunc Pro Tunc Employment for Law Firm Denied  
-----------------------------------------------------------------
Debtor Victor P. Kearney's bankruptcy counsel Gardere Wynne Sewell
LLP filed a request to approve its employment, nunc pro tunc, for
the eight days between the date it started working on the Debtor's
case and the date it filed an employment application. A creditor
objected. Having reviewed the facts and case law on nunc pro tunc,
Bankruptcy Judge David T. Thuma concludes that the request must be
denied.

The Tenth Circuit has not adopted a test to determine when
circumstances are sufficiently extraordinary to warrant nunc pro
tunc relief. There is guidance from lower courts and other
circuits, however. In Arkansas, the Third Circuit adopted the
"extraordinary circumstances" test and stated:

When considering an application, the bankruptcy court may grant
retroactive approval only if it finds, after a hearing, that it
would have granted prior approval. . . . Thereafter, in exercising
its discretion, the bankruptcy court must consider whether the
particular circumstances in the case adequately excuse the failure
to have sought prior approval. This will require consideration of
factors such as whether the applicant or some other person bore
responsibility for applying for approval; whether the applicant was
under time pressure to begin service without approval; the amount
of delay after the applicant learned that initial approval had not
been granted; the extent to which compensation to the applicant
will prejudice innocent third parties; and other relevant factors.

After a thorough analysis of the factors, the Court finds that
Gardere does not meet the standard for granting nunc pro tunc
relief in the Tenth Circuit. The Court likely would not have
granted Gardere's employment application on Oct. 11, 2017, because
its client at that time was RSG Restructuring Advisors, LLC.
Gardere's change in clients was not made until shortly before its
employment application was filed. As this requirement for nunc pro
tunc relief is not met, Gardere's request must be denied. Further,
the six factors testing whether the circumstances were
extraordinary indicate that they were not. Factors one, two, and
four weigh against granting the requested relief; factor five
weighs in favor; and factors two and six either do not apply or are
neutral.

The bankruptcy case is in re: VICTOR P. KEARNEY, Debtor, Case No.
17-12274 t11 (Bankr. D.N.M.).

A copy of Judge Thuma's Opinion dated Feb. 15, 2018 is available at
https://is.gd/ShTpqd from Leagle.com.

Victor P. Kearney, Debtor, represented by Jason Michael Cline,
Jason Cline, LLC -- jason@attorneyjasoncline.com -- Don F. Harris &
Marcus A. Helt -- mhelt@gardere.com -- Gardere Wynne Sewell LLP.

United States Trustee, U.S. Trustee, represented by Alice Nystel
Page, Office of the U.S. Trustee.

Unsecured Creditors Committee, Creditor Committee, represented by
Thomas D. Walker -- twalker@twalkerlawpc.com -- Walker &
Associates, P.C.

Victor P. Kearney filed for chapter 11 bankruptcy protection
(Bankr. D.N.M. Case No. 17-12274) on Sept. 1, 2017 and is
represented by Jason Michael Cline, Esq. of Jason Cline, LLC.


VILLA MARIE: Taps Carmody MacDonald as Legal Counsel
----------------------------------------------------
Villa Marie Winery, LLC seeks approval from the U.S. Bankruptcy
Court for the Southern District of Illinois to hire Carmody
MacDonald P.C. as its legal counsel.

The firm will advise the company and its affiliates regarding their
duties under the Bankruptcy Code; negotiate with creditors; assist
in investigating their business operations and financial condition;
advise the Debtors regarding any potential sale of their assets;
assist in the preparation of a plan of reorganization; and provide
other legal services related to their Chapter 11 cases.

The firm's hourly rates range from $295 to $385 for partners, $240
to $275 for associates and $145 to $195 for paralegals and law
clerks.

Carmody holds a retainer in the sum of $31,445.

Robert Eggmann, Esq., a partner at Carmody, disclosed in a court
filing that his firm is a "disinterested person" as defined in
Section 101(14) of the Bankruptcy Code.

Carmody can be reached through:

     Robert E. Eggmann, Esq.
     Thomas H. Riske, Esq.
     Carmody MacDonald P.C.
     120 South Central Ave., Suite 1800
     Clayton, MO 63105
     Phone: 314-854-8600
     Fax: 314-854-8660
     E-mail: ree@carmodymacdonald.com
             thr@carmodymacdonald.com

                   About Villa Marie Winery

Villa Marie Winery LLC -- https://villamariewinery.com -- and its
subsidiaries are privately-held companies in Maryville, Illinois,
that operate a vineyard, winery and banquet complex.  

Villa Marie Winery and its subsidiaries sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Ill. Case Nos.
18-30163 to 18-30169) on Feb. 14, 2018.  In the petition signed by
Judy S. Wiemann, owner, the Debtor estimated assets and liabilities
of $1 million to $10 million.

Judge Laura K. Grandy presides over the cases.


WASTEQUIP LLC: S&P Affirms 'B' CCR on HIG Deal, Outlook Stable
--------------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on
Wastequip LLC. The outlook remains stable.

S&P said, "At the same time, we assigned our 'B' issue-level rating
and '3' recovery rating to the company's proposed first-lien credit
facilities, which comprise a $50 million revolving credit facility
(undrawn at close) and a $245 million first-lien term loan. The '3'
recovery rating indicates our expectation for meaningful recovery
(50%-70%; rounded estimate: 50%) in the event of a default.

"Additionally, we assigned our 'CCC+' issue-level rating and '6'
recovery rating to the company's proposed $100 million second-lien
term loan. The '6' recovery rating indicates our expectation for
negligible recovery (0%-10%; rounded estimate: 0%) in the event of
a default.

"The affirmation reflects Wastequip's increased leverage pro forma
for its pending acquisition by H.I.G Capital and our expectation
that the company will grow its business over the next 12 months.
Wastequip will partially fund the acquisition with approximately
$345 million of new debt, which will cause its pro forma adjusted
debt-to-EBITDA to increase to 6.4x (2017E). Over the next 12
months, we expect the company to continue to increase its revenue
on strong demand from its key end-customers in the waste management
space. However, we anticipate that its leverage will remain above
6x over the next 12 months, which is consistent with the current
rating.

"The stable outlook on Wastequip reflects our belief that the
company's steady end markets and established customer base will
allow it to support continued sales growth and maintain stable
operating margins. Over the next 12 months, we anticipate that the
company will maintain adequate liquidity and an adjusted
debt-to-EBITDA metric of between 6.0x and 6.5x, which is in line
with our expectations for the current rating.

"We could lower our ratings on Wastequip if material weakness in
the waste collection and disposal market causes the company's sales
volumes to decline and compresses its margins such that its
adjusted debt-to-EBITDA exceeds 6.5x with no foreseeable
improvement. We estimate that this could occur if Wastequip's sales
volume declines by the mid-single-digit percent area. We could also
lower our ratings if the company pursues debt-funded acquisitions
or shareholder rewards that materially weaken its credit metrics on
a sustained basis.

"We could raise our ratings on Wastequip if the company's operating
prospects improve significantly and its adjusted debt-to-EBITDA
improves below 5x on a sustained basis. We estimate that this could
occur if the company's revenue increases by 500 basis points (bps)
and its operating margins improve by 300 bps from the assumptions
in our base-case forecast. We would also require the company and
its financial sponsor to commit to maintain financial policies that
would enable it to sustain these improved credit measures."


WESTINGHOUSE ELECTRIC: Plan Confirmation Hearing Set for March 27
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
approved the adequacy of the modified first amended disclosure
statement for the joint Chapter 11 plan of reorganization filed by
Westinghouse Electric Company LLC, Toshiba Nuclear Energy Holdings
(UK) Limited, and certain of their affiliates.

A hearing to consider the confirmation of the Debtors' Chapter 11
plan will be held on March 27, 2018, at 11:00 a.m. (prevailing
Eastern Time), before the Hon. Michael E. Wiles, in Room 617 of the
U.S. Bankruptcy Court, One Bowling Green, New York, New York.
Objections, if any, must be filed no later than 4:00 p.m.
(prevailing Eastern Time) on March 15, 2018.

All votes to accept or reject the Debtors' Chapter 11 plan must be
received by the Debtors' solicitation agent, Kurtzman Carson
Consultants LLC by March 15, 2018, at 8:00 p.m. (prevailing Eastern
Time).

                           About Westinghouse Electric

Westinghouse Electric Company LLC --
http://www.westinghousenuclear.com/-- is a U.S.-based nuclear
power company founded in 1999 that provides design work and
start-up help for new nuclear power plants and makes many of the
components. Westinghouse manufactures and supplies the commercial
fuel products needed to run the plants, and it offers training,
engineering, maintenance, and quality management services.  Almost
50% of nuclear power plants around the world and about 60% of U.S.
plants are based on Westinghouse's technology.  Westinghouse's
world headquarters are located in the Pittsburgh suburb of
Cranberry Township, Pennsylvania.

On Oct. 16, 2006, Westinghouse Electric was sold for $5.4 billion
to a group comprising of Toshiba (77% share), partners The Shaw
Group (20% share), and Ishikawajima-Harima Heavy Industries Co.
Ltd. (3% share).  After purchasing part of Shaw's stake in 2013,
Japan-based conglomerate Toshiba obtained ownership of 87% of
Westinghouse.

Amid cost overruns at U.S. nuclear reactors it was building,
Westinghouse Electric Company LLC, along with 29 affiliates, filed
voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 17-10751) on March 29,
2017.  The petitions were signed by AlixPartners' Lisa J. Donahue,
the Debtors' chief transition and development officer.

The Debtors disclosed total assets of $4.32 billion and total
liabilities of $9.39 billion as of Feb. 28, 2017.

The Hon. Michael E. Wiles presides over the cases.

Weil, Gotshal & Manges LLP serves as counsel to the Debtors.  The
Debtors hired AlixPartners LLP as financial advisor; PJT Partners
Inc. as investment banker; Kurtzman Carson Consultants LLC as
claims and noticing agent; K&L Gates as special counsel; and KPMG
LLP as tax consultant and accounting and financial reporting
advisor.

The Debtors retained PricewaterhouseCoopers LLP as independent
auditor and tax services provider to perform audit services in
connection with Toshiba Nuclear Energy Holdings (US) Inc. and
Toshiba Nuclear Energy Holdings (UK) Ltd.

Toshiba Nuclear Energy Holdings (UK) Ltd. is represented by Albert
Togut, Esq., Brian F. Moore, Esq., and Kyle J. Ortiz, Esq., at
Togut, Segal & Segal LLP.

On April 7, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  Proskauer Rose LLP is
the committee's bankruptcy counsel, and Houlihan Lokey Capital,
Inc., serves as its investment banker.

The Board of Directors of Westinghouse appointed a special panel
called the U.S. AP1000 Committee to oversee the company's
activities related to certain AP1000 nuclear plants located in
Georgia and South Carolina.


WESTMORELAND COAL: Suspends Duty to File Reports Under Savings Plan
-------------------------------------------------------------------
Westmoreland Coal Company filed a Form 15 with the Securities and
Exchange Commission notifying the termination of registration of
Plan Interests Under the Westmoreland Coal Company and Subsidiaries
Employees' Savings Plan pursuant to Section 12(g) of the Securities
Exchange Act of 1934.

Although the duty to file reports under Section 13(a) and 15(d) of
the Securities Exchange Act of 1934, as amended, has been
terminated with respect to the Westmoreland Coal Company and
Subsidiaries Employees' Savings Plan, the duty of Westmoreland Coal
Company, a Delaware corporation to file reports under Section 13(a)
or 15(d) remains with respect to the Company's common stock, par
value $0.01 per share.

Effective as of Dec. 28, 2017, the Company is no longer issuing
securities pursuant to the Plan.  Therefore, interests in the Plan
no longer require registration.  Accordingly, the Form 15 was
filed to suspend the Company's duty to file reports under Section
15(d) of the Securities Exchange Act of 1934, as amended, including
on Form 11-K.

               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 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).


WISEWEAR CORPORATION: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Wisewear Corporation
        17742 Maui Sands
        San Antonio, TX 78255

Business Description: WiseWear -- https://wisewear.com --
                      specializes in the design, creation, and
                      manufacturing of smart, connected, and
                      beautiful internet of things (IoT) products
                      for consumer, military, and medical
                      applications.  WiseWear "fuses fashion with
                      threads of technology" by seamlessly
                      integrating proprietary biosensing and
                      wireless communication technologies into
                      everyday items like jewelry.  The Company's
                      device connects to users' phone that enables
                      to receive real-time mobile notifications
                      and updates on users activity performance
                      throughout the day.  The WiseWear
                      headquarters is located in the heart of the
                      medical district in San Antonio, Texas.

Chapter 11 Petition Date: February 28, 2018

Case No.: 18-50403

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Hon. Ronald B. King

Debtor's Counsel: Ronald J. Smeberg, Esq.
                  THE SMEBERG LAW FIRM
                  2010 W Kings Hwy
                  San Antonio, TX 78201-4926
                  Tel: (210) 695-6684
                  Fax: (210) 598-7357
                  E-mail: ron@smeberg.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gerald Wilmink, president/CEO.

A full-text copy of the petition, along with a list of 20 largest
unsecured creditors, is available for free at
http://bankrupt.com/misc/txwb18-50403.pdf


WOODBRIDGE GROUP: Unitholders Committee Taps Venable as Counsel
---------------------------------------------------------------
The Fiduciary Committee of Unitholders appointed in the Chapter 11
cases of Woodbridge Group of Companies, LLC and its affiliates
seeks approval from the U.S. Bankruptcy Court for the District of
Delaware to hire legal counsel.

The committee proposes to hire Venable LLP to provide legal
services, which include services related to litigating or
negotiating whether unitholders should be treated as creditors or
equity security holders, and whether substantive consolidation is
in the best interests of unitholders.

The hourly rates for professionals and paralegals designated to
represent the committee are:

     Partners         $765 to $1,245
     Counsel          $630 to $695
     Associates       $515 to $650
     Paralegals       $225 to $320

Jeffrey Sabin, Esq., a partner at Venable, disclosed in a court
filing that his firm does not hold or represent any interest
adverse to the Debtors' estates.

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

The committee has already approved the firm's proposed hourly
billing rates and staffing plan, according to Mr. Sabin.

Venable can be reached through:

        Jeffrey S. Sabin, Esq.
        Venable LLP
        Rockefeller Center
        1270 Avenue of the Americas, 24th Floor
        New York, NY 10020
        Phone: +1 212.503.0672
        Fax: +1 212.307.5598
        E-mail: jssabin@Venable.com

               About Woodbridge Group of Companies

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017. Woodbridge estimated assets and
liabilities at between $500 million and $1 billion.  The Chapter 11
cases are being jointly administered

Judge Kevin J. Carey presides over the cases.

The Debtors hired Gibson, Dunn & Crutcher, LLP and Young Conaway
Stargatt & Taylor, LLP as their bankruptcy counsel; Homer Bonner
Jacobs, PA as special counsel; Province, Inc. as expert consultant;
Moelis & Company LLC as investment banker; SierraConstellation
Partners, LLC as financial advisor; Beilinson Advisory Group as
independent manager; Garden City Group, LLC as claims and noticing
agent; and Bradley D. Sharp of Development Specialists, Inc. as
chief restructuring officer.

On Dec. 14, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The committee hired
Pachulski Stang Ziehl & Jones as its bankruptcy counsel; and FTI
Consulting, Inc. as financial advisor.

A fiduciary committee representing unitholders of various Debtors
had been appointed in the bankruptcy cases.

                          *     *     *

On Jan. 23, 2018, the Court approved a settlement providing for the
formation of an ad hoc noteholder group and an ad hoc unitholder
group.


WWLC INVESTMENT: S. Miraki Seeks Amendment of Plan Outline
----------------------------------------------------------
Creditor Sorab Miraki objects to WWLC Investment, L.P.'s disclosure
statement filed on Jan. 4, 2018 on the grounds that it fails to
provide adequate information.

Miraki complains that in paragraph B of the Disclosure Statement,
the Debtor makes multiple statements about facts that were
supposedly alleged in an underlying lawsuit challenging the default
judgment obtained by Creditor Sorab Miraki. The omissions in the
description of what occurred in the original lawsuit, and Debtor's
challenge through a Petition for Bill of Review, create the false
impression that Mr. Miraki's default judgment is the subject of a
legitimate dispute as to its validity. Miraki disagrees with the
Debtor's recitation of facts.

In paragraph D(5) of the Disclosure Statement, the Debtor indicates
that Debtor has a claim and cause of action for "$317,969.62 for
unpaid rent arising under" a lease agreement with Sorab Miraki. Mr.
Miraki disagrees with the statements in the Disclosure Statement.

Finally, in Paragraph E(4) of the Disclosure Statement, the Debtor
indicates that Creditor Sorab Miraki has an unsecured claim in the
amount of $1,183,924.95. Mr. Miraki believes this statement is
inaccurate and misleading. This 'unsecured' claim is the same claim
that Debtor acknowledges is secured in Paragraph E(2). This claim
is secured by an Abstract of Judgment that was filed in the Collin
County property records on June 29, 2017. Since Debtor concedes
that the Abstract of Judgment was filed before this bankruptcy case
was filed, and has taken no action to set aside the lien in the
bankruptcy, the lien is valid and the claim is secured. As a
consequence, the Disclosure Statement must be amended to properly
state the amount and status of Mr. Miraki’s claim.

Miraki, thus, requests that the Court deny approval of Debtor's
Disclosure Statement unless the Debtor amends it to include the
facts included in the objection.

A copy of Miraki's Objection is available at:

     http://bankrupt.com/misc/txeb17-41913-37.pdf

Attorney for Creditor Sorab Miraki:

     Eric D. Walker
     State Bar No. 24047056
     MORALES/WALKER PLLC
     6060 N. Central Expy., Suite 500
     Dallas, Texas 75206
     972.948.3646 (Telephone)
     972.361.8005 (Facsimile)
     ewalker@mwtrialfirm.com

                   About WWLC Investment

WWLC Investment, L.P., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tex. Case No. 17-41913) on Sept. 1,
2017.  In the petition signed by authorized representative Wendy
Chen, the Debtor estimated assets and liabilities of less than
$50,000.  Judge Brenda T. Rhoades presides over the case.  The
Debtor hired Quilling Selander Lownds Winslett & Moser, P.C., as
legal counsel; and Palmer & Manuel, LLP, and The Erikson Firm as
special counsel.


[*] Lazard Names Richard Parsons as Lead Director in Board
----------------------------------------------------------
BankruptcyData.com reported Lazard Ltd announced that it has
elected Iris Knobloch to the firm's Board of Directors, effective
April 1, 2018.  In addition, current independent director Richard
Parsons has been named Lead Director of Lazard's Board, as part of
the Board refreshment process.  Steven Heyer, who has served as
Lead Director since November 2009, will continue in his current
roles as Chairman of the Board's Nominating & Governance Committee
and as a member of the Audit Committee and the Compensation
Committee.  Ms. Knobloch has served as President of Warner Bros
Entertainment in France since 2006, where she oversees all of its
French businesses. She also supervises the company's Home
Entertainment business in the Benelux region and Warner Bros'
strategic development in Africa.  Previously, she was in charge of
Time Warner's International Relations and Strategic Policy for
Europe and also worked in Los Angeles and London.  Prior to Warner
Bros, Ms. Knobloch was an attorney with Norr, Stiefenhofer & Lutz
and with O'Melveny & Myers in Munich, New York and Los Angeles.
Ms. Knobloch is the Vice Chairman and Lead Independent Director of
the Board of Directors of AccorHotels, a member of the Board of
Directors of Central European Media Enterprises and a Governor of
the American Hospital in Paris. She received a J.D. degree from
Ludwig-Maximilians-Universitaet and an L.L.M. degree from New York
University.


[*] Rimon Adds S. L'Hernault as Partner in Finance Division
-----------------------------------------------------------
BankruptcyData.com reported that Rimon is pleased to announce that
Suzanne L'Hernault, a finance and restructuring attorney, has
joined the firm as a Partner in its Finance Services group.  Ms.
L'Hernault will be located in the firm's New York City and New
Jersey offices.  Prior to joining Rimon, L'Hernault was at
Greenberg Traurig LLP, where she served as a Shareholder in its
Banking & Finance practices.  Ms. L'Hernault represents lenders and
borrowers in a wide range of secured and unsecured financing
transactions.  Focusing her practice in leveraged buyout financing,
asset-based lending, working capital financing, project funding and
workouts, she has extensive experience drafting and negotiating
credit agreements, letters of credit, inter-creditor agreements,
subordination agreements and security documents.  Ms. L'Hernault
also has extensive experience in dealing with liquidity facilities,
working capital lines of credit, term loans and debt restructuring
agreements.  She also advises administrative agents in syndicated
credit facilities. Ms. L'Hernault received her J.D. from Fordham
University School of Law and a B.A. from State University of New
York at Stony Brook.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Deborah Lois Adri
   Bankr. C.D. Cal. Case No. 18-10417
      Chapter 11 Petition filed February 16, 2018
         represented by: Robert M. Yaspan, Esq.
                         Law Offices of Robert M Yaspan
                         E-mail: court@yaspanlaw.com

In re WDH Contractor Services, LLC
   Bankr. C.D. Cal. Case No. 18-11701
      Chapter 11 Petition filed February 16, 2018
         See http://bankrupt.com/misc/cacb18-11701.pdf
         represented by: Alla Tenina, Esq.
                         LAW OFFICES OF ALLA TENINA
                         E-mail: alla@teninalaw.com

In re Teresa Dominguez Aguilar
   Bankr. C.D. Cal. Case No. 18-11714
      Chapter 11 Petition filed February 16, 2018
         represented by: Onyinye N. Anyama, Esq.
                         ANYAMA LAW FIRM
                         E-mail: onyi@anyamalaw.com

In re Oggi's Eastlake, Inc.
   Bankr. S.D. Cal. Case No. 18-00889
      Chapter 11 Petition filed February 16, 2018
         See http://bankrupt.com/misc/casb18-00889.pdf
         represented by: Sandy Isaac, Esq.
                         PREOVOLOS LEWIN HEZLEP ALC
                         E-mail: sandy@thelawcorp.com

In re Andrew Dorko, Jr.
   Bankr. M.D. Fla. Case No. 18-00870
      Chapter 11 Petition filed February 16, 2018
         represented by: Frank M. Wolff, Esq.
                         FRANK MARTIN WOLFF, P.A.
                         E-mail: fwolff@fwolfflaw.com

In re Michael Ralby
   Bankr. S.D. Fla. Case No. 18-11784
      Chapter 11 Petition filed February 16, 2018
         represented by: Bradley S. Shraiberg, Esq.
                         E-mail: bss@slp.law

In re Philip Tadros
   Bankr. N.D. Ill. Case No. 18-04529
      Chapter 11 Petition filed February 16, 2018
         Filed Pro Se

In re Gifty R. Samuels
   Bankr. D. Mass. Case No. 18-10543
      Chapter 11 Petition filed February 16, 2018
         represented by: David G. Baker, Esq.
                         E-mail: david@bostonbankruptcy.org

In re 4411 Engle Ridge Drive, LLC
   Bankr. E.D. Mich. Case No. 18-41983
      Chapter 11 Petition filed February 16, 2018
         See http://bankrupt.com/misc/mieb18-41983.pdf
         represented by: Donald C. Darnell, Esq.
                         E-mail: dondarnell@darnell-law.com

In re Gloria G. Robbins
   Bankr. D. Nev. Case No. 18-10787
      Chapter 11 Petition filed February 16, 2018
         represented by: David A. Riggi, Esq.
                         E-mail: darnvbk@gmail.com

In re J.C. Realty Group, LLC
   Bankr. E.D.N.Y. Case No. 18-40855
      Chapter 11 Petition filed February 16, 2018
         See http://bankrupt.com/misc/nyeb18-40855.pdf
         Filed Pro Se

In re Shams Islam, LLC
   Bankr. E.D. Pa. Case No. 18-11058
      Chapter 11 Petition filed February 16, 2018
         See http://bankrupt.com/misc/paeb18-11058.pdf
         represented by: Robert Captain Leite-Young, Esq.
                         ROACH, LEITE & MANYIN, LLC
                         E-mail: rleite@rlmfirm.com

In re Innovak International, Inc.
   Bankr. D.S.C. Case No. 18-00768
      Chapter 11 Petition filed February 16, 2018
         See http://bankrupt.com/misc/scb18-00768.pdf
         represented by: Robert A. Pohl, Esq.
                         POHL, P.A.
                         E-mail: robert@pohlpa.com

In re Ries Productions LLC
   Bankr. W.D. Wash. Case No. 18-10636
      Chapter 11 Petition filed February 16, 2018
         See http://bankrupt.com/misc/wawb18-10636.pdf
         represented by: Larry B. Feinstein, Esq.
                         E-mail: feinstein1947@gmail.com

In re Mesa Blue LLC
   Bankr. D. Wyo. Case No. 18-20071
      Chapter 11 Petition filed February 16, 2018
         See http://bankrupt.com/misc/wyb18-20071.pdf
         Filed Pro Se

In re Robert D. Taylor and Pamela D. Taylor
   Bankr. E.D. Ark. Case No. 18-10903
      Chapter 11 Petition filed February 19, 2018
         represented by: Jeannette A. Robertson, Esq.
                         ROBERTSON LAW FIRM
                         E-mail: rlf@robertsonlawfirm.biz

In re Essence Business Group, Inc.
   Bankr. C.D. Cal. Case No. 18-11801
      Chapter 11 Petition filed February 19, 2018
         See http://bankrupt.com/misc/cacb18-11801.pdf
         represented by: Thomas B. Ure, Esq.
                         URE LAW FIRM
                         E-mail: tbuesq@aol.com

In re Real T Properties 2 LLC
   Bankr. S.D. Fla. Case No. 18-11867
      Chapter 11 Petition filed February 19, 2018
         See http://bankrupt.com/misc/flsb18-11867.pdf
         represented by: Mark S. Roher, Esq.
                         LAW OFFICE OF MARK S. ROHER, P.A.
                         Email: mroher@markroherlaw.com

In re Jeffrey D. Wilkerson
   Bankr. E.D. Mich. Case No. 18-30383
      Chapter 11 Petition filed February 19, 2018
         See http://bankrupt.com/misc/mieb18-30383.pdf
         represented by: Donald C. Darnell, Esq.
                         E-mail: dondarnell@darnell-law.com

In re Sharon Hollow Enterprises, LLC
   Bankr. E.D. Mich. Case No. 18-42050
      Chapter 11 Petition filed February 19, 2018
         See http://bankrupt.com/misc/mieb18-42050.pdf
         represented by: Scott Kwiatkowski, Esq.
                         GOLDSTEIN BERSHAD & FRIED PC
                         E-mail: scott@bk-lawyer.net

In re Kevin Morris
   Bankr. D.N.J. Case No. 18-13204
      Chapter 11 Petition filed February 19, 2018
         represented by: Noah M Burstein, Esq.
                         NOAH M. BURSTEIN ATTORNEY AT LAW
                         E-mail: bursteinlawyer@aol.com

In re Deborah L. Wilson Funeral Home, Inc.
   Bankr. E.D. Pa. Case No. 18-11117
      Chapter 11 Petition filed February 19, 2018
         See http://bankrupt.com/misc/paeb18-11117.pdf
         represented by: Maggie S Soboleski, Esq.
                         CENTER CITY LAW OFFICES LLC
                         E-mail: msoboles@yahoo.com

In re Barry S. Seifer
   Bankr. E.D. Mich. Case No. 18-42084
      Chapter 11 Petition filed February 20, 2018
         represented by: Jeffrey S. Grasl, Esq.
                         E-mail: jeff@graslplc.com
In re Jeaneen Bonnett
   Bankr. D. Ariz. Case No. 18-01550
      Chapter 11 Petition filed February 20, 2018
         represented by: Ronald J. Ellett, Esq.
                         ELLETT LAW OFFICES, P.C.
                         E-mail: rjellett@ellettlaw.phxcoxmail.com

In re Joel Borgella and Paule Borgella
   Bankr. S.D. Fla. Case No. 18-11910
      Chapter 11 Petition filed February 20, 2018
         represented by: Chad T. Van Horn, Esq.
                         E-mail: Chad@cvhlawgroup.com

In re FSA, INC.
   Bankr. D. Minn. Case No. 18-30465
      Chapter 11 Petition filed February 20, 2018
         See http://bankrupt.com/misc/mnb18-30465.pdf
         represented by: John D. Lamey, III, Esq.
                         LAMEY LAW FIRM, P.A.
                         E-mail: bankrupt@lameylaw.com

In re Paul Vincent Schaeder
   Bankr. D.N.J. Case No. 18-13252
      Chapter 11 Petition filed February 20, 2018
         represented by: Thaddeus R. Maciag, Esq.
                         MACIAG LAW, LLC
                         E-mail: MaciagLaw1@aol.com

In re Major Events Group LLC
   Bankr. E.D. Pa. Case No. 18-11123
      Chapter 11 Petition filed February 20, 2018
         See http://bankrupt.com/misc/paeb18-11123.pdf
         represented by: Michael P. Kutzer, Esq.
                         E-mail: mpkutzer1@gmail.com

In re Pedro Collantes Lopez Negrete and Sharon Cho Collantes
   Bankr. E.D. Tex. Case No. 18-40330
      Chapter 11 Petition filed February 20, 2018
         See http://bankrupt.com/misc/txeb18-40330.pdf
         represented by: Martin K. Thomas, Esq.
                         E-mail: thomas12@swbell.net

In re TJK Enterprises, Inc.
   Bankr. S.D. Tex. Case No. 18-30703
      Chapter 11 Petition filed February 20, 2018
         See http://bankrupt.com/misc/txsb18-30703.pdf
         represented by: Richard L Fuqua, II, Esq.
                         FUQUA & ASSOCIATES, PC
                         E-mail: fuqua@fuqualegal.com

In re Rare Earth Elements Development Services Mineral Research
LLC
   Bankr. W.D. Tex. Case No. 18-30258
      Chapter 11 Petition filed February 20, 2018
         See http://bankrupt.com/misc/txwb18-30258.pdf
         represented by: Corey W. Haugland, Esq.
                         JAMES & HAUGLAND P.C.
                         E-mail: chaugland@jghpc.com

In re John Carlton Dibble and Nicolette Comsa Dibble
   Bankr. E.D. Va. Case No. 18-10571
      Chapter 11 Petition filed February 20, 2018
         represented by: Madeline A. Trainor, Esq.
                         REDMON, PEYTON & BRASWELL L.L.P.
                         E-mail: mtrainor@rpb-law.com
In re Jeaneen Bonnett
   Bankr. D. Ariz. Case No. 18-01550
      Chapter 11 Petition filed February 20, 2018
         represented by: Ronald J. Ellett, Esq.
                         ELLETT LAW OFFICES, P.C.
                         E-mail: rjellett@ellettlaw.phxcoxmail.com

In re Joel Borgella and Paule Borgella
   Bankr. S.D. Fla. Case No. 18-11910
      Chapter 11 Petition filed February 20, 2018
         represented by: Chad T. Van Horn, Esq.
                         E-mail: Chad@cvhlawgroup.com

In re FSA, INC.
   Bankr. D. Minn. Case No. 18-30465
      Chapter 11 Petition filed February 20, 2018
         See http://bankrupt.com/misc/mnb18-30465.pdf
         represented by: John D. Lamey, III, Esq.
                         LAMEY LAW FIRM, P.A.
                         E-mail: bankrupt@lameylaw.com

In re Paul Vincent Schaeder
   Bankr. D.N.J. Case No. 18-13252
      Chapter 11 Petition filed February 20, 2018
         represented by: Thaddeus R. Maciag, Esq.
                         MACIAG LAW, LLC
                         E-mail: MaciagLaw1@aol.com

In re Major Events Group LLC
   Bankr. E.D. Pa. Case No. 18-11123
      Chapter 11 Petition filed February 20, 2018
         See http://bankrupt.com/misc/paeb18-11123.pdf
         represented by: Michael P. Kutzer, Esq.
                         E-mail: mpkutzer1@gmail.com

In re Pedro Collantes Lopez Negrete and Sharon Cho Collantes
   Bankr. E.D. Tex. Case No. 18-40330
      Chapter 11 Petition filed February 20, 2018
         See http://bankrupt.com/misc/txeb18-40330.pdf
         represented by: Martin K. Thomas, Esq.
                         E-mail: thomas12@swbell.net

In re TJK Enterprises, Inc.
   Bankr. S.D. Tex. Case No. 18-30703
      Chapter 11 Petition filed February 20, 2018
         See http://bankrupt.com/misc/txsb18-30703.pdf
         represented by: Richard L Fuqua, II, Esq.
                         FUQUA & ASSOCIATES, PC
                         E-mail: fuqua@fuqualegal.com

In re Rare Earth Elements Development Services Mineral Research
LLC
   Bankr. W.D. Tex. Case No. 18-30258
      Chapter 11 Petition filed February 20, 2018
         See http://bankrupt.com/misc/txwb18-30258.pdf
         represented by: Corey W. Haugland, Esq.
                         JAMES & HAUGLAND P.C.
                         E-mail: chaugland@jghpc.com

In re John Carlton Dibble and Nicolette Comsa Dibble
   Bankr. E.D. Va. Case No. 18-10571
      Chapter 11 Petition filed February 20, 2018
         represented by: Madeline A. Trainor, Esq.
                         REDMON, PEYTON & BRASWELL L.L.P.
                         E-mail: mtrainor@rpb-law.com

In re MDM Physical Therapy, LLC
   Bankr. D. Ariz. Case No. 18-01596
      Chapter 11 Petition filed February 21 2018
         See http://bankrupt.com/misc/azb18-01596.pdf
         represented by: William R. Richardson, Esq.
                         RICHARDSON & RICHARDSON, P.C.
                         E-mail: wrichlaw@aol.com

In re Mark Drummond Mooney and SUSAN ANN MOONEY
   Bankr. D. Ariz. Case No. 18-01597
      Chapter 11 Petition filed February 21 2018
         represented by: William R. Richardson, Esq.
                         RICHARDSON & RICHARDSON, P.C.
                         E-mail: wrichlaw@aol.com

In re Cheryl Placencia
   Bankr. C.D. Cal. Case No. 18-10459
      Chapter 11 Petition filed February 21 2018
         represented by: Dana M. Douglas, Esq.
                         E-mail: dmddouglas@hotmail.com

In re Storstad Auto Sports, LLC.
   Bankr. C.D. Cal. Case No. 18-10568
      Chapter 11 Petition filed February 21 2018
         See http://bankrupt.com/misc/cacb18-10568.pdf
         represented by: Anerio V. Altman, Esq.
                         LAKE FOREST BANKRUPTCY
                         E-mail: lakeforestpacer@gmail.com

In re Mackel Arthur Carter
   Bankr. N.D. Fla. Case No. 18-50055
      Chapter 11 Petition filed February 21 2018
         represented by: Charles M. Wynn, Esq.
                         CHARLES M. WYNN LAW OFFICES, P.A.
                         E-mail: candy@wynnlaw-fl.com

In re RRRR Inc.
   Bankr. N.D. Ill. Case No. 18-04656
      Chapter 11 Petition filed February 21 2018
         See http://bankrupt.com/misc/ilnb18-04656.pdf
         represented by: William J. Delaney, Esq.
                         DELANEY LAW
                         E-mail: bill@delaney-law.com

In re David James Duehn and Sherri Lynn Duehn
   Bankr. D. Minn. Case No. 18-40466
      Chapter 11 Petition filed February 21 2018
         represented by: David C. McLaughlin, Esq.
                         FLUEGEL ANDERSON MCLAUGHLIN & BRUTLAG
                         E-mail: dmclaughlin@fluegellaw.com

In re A R & K Home LLC
   Bankr. E.D.N.Y. Case No. 18-40909
      Chapter 11 Petition filed February 21 2018
         See http://bankrupt.com/misc/nyeb18-40909.pdf
         Filed Pro Se

In re Sammy Saadia
   Bankr. E.D.N.Y. Case No. 18-40914
      Chapter 11 Petition filed February 21 2018
         represented by: Wayne M. Greenwald, Esq.
                         WAYNE GREENWALD, PC
                         E-mail: grimlawyers@aol.com

In re My Personal Advisor, LLC
   Bankr. E.D. Pa. Case No. 18-11154
      Chapter 11 Petition filed February 21 2018
         See http://bankrupt.com/misc/paeb18-11154.pdf
         represented by: David A. Scholl, Esq.
                         LAW OFFICE OF DAVID A. SCHOLL
                         E-mail: judgescholl@gmail.com

In re New Life Holiness
   Bankr. W.D. Tenn. Case No. 18-21532
      Chapter 11 Petition filed February 21 2018
         See http://bankrupt.com/misc/tnwb18-21532.pdf
         represented by: Robert Reid, Esq.
                         DOUGLASS & RUNGER, ATTORNEYS AT LAW
                         E-mail: rwreid@douglassrunger.com

In re Robert Lee Shellhammer and Alma Aline Shellhammer
   Bankr. E.D. Tex. Case No. 18-10058
      Chapter 11 Petition filed February 21 2018
         represented by: Tagnia Fontana Clark, Esq.
                         MAIDA LAW FIRM
                         E-mail: maidalawfirm@gt.rr.com

In re Buck Springs, Inc.
   Bankr. E.D. Tex. Case No. 18-10059
      Chapter 11 Petition filed February 21 2018
         See http://bankrupt.com/misc/txeb18-10059.pdf
         represented by: Tagnia Fontana Clark, Esq.
                         MAIDA LAW FIRM
                         MAIDA CLARK LAW FIRM, P.C.
                         E-mail: maidalawfirm@gt.rr.com

In re Touch Titan Labs, LLC
   Bankr. E.D. Tex. Case No. 18-40344
      Chapter 11 Petition filed February 21 2018
         See http://bankrupt.com/misc/txeb18-40344.pdf
         represented by: Howard Marc Spector, Esq.
                         SPECTOR & JOHNSON, PLLC
                         E-mail: hspector@spectorjohnson.com

In re Touch Titans, LLC
   Bankr. E.D. Tex. Case No. 18-40345
      Chapter 11 Petition filed February 21 2018
         See http://bankrupt.com/misc/txeb18-40345.pdf
         represented by: Howard Marc Spector, Esq.
                         SPECTOR & JOHNSON, PLLC
                         E-mail: hspector@spectorjohnson.com

In re Robert Eric Spector
   Bankr. D. Ariz. Case No. 18-01643
      Chapter 11 Petition filed February 22, 2018
         represented by: Chris D. Barski, Esq.
                         BARSKI LAW PLC
                         E-mail: cbarski@barskilaw.com

In re 360 TWENTY FOUR 7
   Bankr. C.D. Cal. Case No. 18-11964
      Chapter 11 Petition filed February 22, 2018
         See http://bankrupt.com/misc/cacb18-11964.pdf
         represented by: Wayne W. Suojanen, Esq.
                         SUOJANEN LAW OFFICE
                         E-mail: billsuojanen@gmail.com

In re Thomas Anthony Moran, Jr.
   Bankr. S.D. Cal. Case No. 18-00981
      Chapter 11 Petition filed February 22, 2018
         Filed Pro Se

In re Pamela Christine Harrison
   Bankr. N.D. Ind. Case No. 18-30188
      Chapter 11 Petition filed February 22, 2018
         represented by: Jay Lauer, Esq.
                         E-mail: jay@jaylauerlaw.com

In re FR/PG/ODE/STP ST TRUST
   Bankr. D. Md. Case No. 18-12263
      Chapter 11 Petition filed February 22, 2018
         See http://bankrupt.com/misc/mdb18-12263.pdf
         represented by: Robert W. Thompson, Esq.
                         E-mail: rwt01754@yahoo.com

In re Michael Kalfus and Robin Kalfus
   Bankr. D.N.J. Case No. 18-13396
      Chapter 11 Petition filed February 22, 2018
         represented by: John J. Scura, III, Esq.
                         SCURA, WIGFIELD, HEYER & STEVENS, LLP
                         E-mail: jscura@scuramealey.com

In re Elizabeth Juanita Johnson
   Bankr. D.N.J. Case No. 18-13412
      Chapter 11 Petition filed February 22, 2018
         represented by: John J. Scura, III, Esq.
                         SCURA, WIGFIELD, HEYER & STEVENS, LLP
                         E-mail: jscura@scuramealey.com

In re Roberson Ltd dba Park Hill Family Practice
   Bankr. D. Nev. Case No. 18-10903
      Chapter 11 Petition filed February 22, 2018
         See http://bankrupt.com/misc/nvb18-10903.pdf
         represented by: Thomas E. Crowe, Esq.
                   THOMAS E. CROWE PROFESSIONAL LAW CORPORATION    
                     
                        E-mail: tcrowe@thomascrowelaw.com

In re Donald R. Webb and Tami Webb
   Bankr. D. Nev. Case No. 18-10905
      Chapter 11 Petition filed February 22, 2018
         represented by: Thomas E. Crowe, Esq.
                THOMAS E. CROWE PROFESSIONAL LAW CORPORATION       
                          
                         E-mail: tcrowe@thomascrowelaw.com

In re Quincy St III Corp.,
   Bankr. S.D.N.Y. Case No. 18-22294
      Chapter 11 Petition filed February 22, 2018
         See http://bankrupt.com/misc/nysb18-22294.pdf
         represented by: Leo Fox, Esq.
                         E-mail: leofox1947@aol.com

In re Daniel V. Suciu and Cristina N. Suciu
   Bankr. W.D. Wash. Case No. 18-10794
      Chapter 11 Petition filed February 22, 2018
         represented by: Jonathan S Smith, Esq.
                         ADVANTAGE LEGAL GROUP
                         E-mail: jonathan@advantagelegalgroup.com


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

TCR subscribers have free access to our on-line news archive.
Point your Web browser to http://TCRresources.bankrupt.com/and use
the e-mail address to which your TCR is delivered to login.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2018.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
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The TCR subscription rate is $975 for 6 months delivered via
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are $25 each.  For subscription information, contact Peter A.
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