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

              Wednesday, March 28, 2018, Vol. 22, No. 86

                            Headlines

17/21 GROUP: Case Summary & 20 Largest Unsecured Creditors
250 PIXLEY: Court Junks Chapter 11 Small Business Case
695 BUGGY: Woodbridge Units' Case Summary & Creditors' List
A. HIRSCH REALTY: Permitted to Use Cash Collateral Through April 3
ADVANCED VASCULAR: Seeks June 19 Plan Exclusivity Period Extension

AF & P INC: Hires Corral Tran Singh as Counsel
AGFC CAPITAL: Fitch Hikes Trust Preferred Sec. Rating to 'CCC+'
ATLANTA LIFE: A.M. Best Lowers Financial Strength Rating to 'C++'
AUGUSTUS ENERGY: May Use Cash Collateral Through April 25
BAYOU HAVEN: Hires De Leo Law Firm LLC as Counsel

BOYNE USA: Moody's Assigns B2 Corp. Family Rating; Outlook Stable
BOYNE USA: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
BRIDAN 770: Seeks June 25 Plan Exclusivity Period Extension
BRIDGE ASSOCIATES: U.S. Trustee Unable to Appoint Committee
BROCADE COMMUNICATIONS: Moody's Withdraws Ba1 Corp. Family Rating

CAMPBELLTON-GRACEVILLE: Altegra Hired for Reference Lab Probe
CAMPBELLTON-GRACEVILLE: Bid to DQ Committee Counsel Junked
CANDI CONTROLS: Involuntary Chapter 11 Case Summary
CENVEO INC: Committee Taps Lowenstein Sandler LLP as Counsel
CENVEO INC: Proposes Plan Consolidation Compensation Program

CHARLES K. BRELAND: Appointment of Unsecureds Committee Unnecessary
CHOICE BRANDS: Case Summary & 20 Largest Unsecured Creditors
COLLEGIATE ACADEMY: S&P Raises Rating on 2004 School Bonds to 'BB-'
CORBETT-FRAME INC: May Use Cash Collateral for March 2018 Expenses
CORSAIR: $75MM Incremental Loan No Impact on Moody's B2 CFR

CRESCENT MOON: Hires Kelley & Clements as Attorney
CROSIER FATHERS: $25-Mil. Accord, Bankruptcy-Exit Plan Approved
CTI BIOPHARMA: Board Adopts Amended and Restated Bylaws
DE NOVO IMPORTS: Seeks Authority to Use Citibank Cash Collateral
DEL MONTE: S&P Lowers Corp. Credit Rating to CCC-, Outlook Negative

DEXTERA SURGICAL: Seeks July 9 Exclusive Plan Period Extension
DOUBLE EAGLE: Unsecureds to Receive 10% in 10 Years at No Interest
DWIGHT REYNOLDS: Hires Susan D. Lasky as Counsel
EAST NY REALTY: Seeks to Value Deutsche Bank Claim at $510,000
EINSTEIN HEALTHCARE: Fitch Lowers Revenue Bond Rating to 'BB+'

EMBLEMHEALTH INC: A.M. Best Lowers Financial Strength Rating to C+
EXGEN TEXAS: Exclusive Plan Filing Period Extended Until June 5
FORASTERO INC: Case Summary & 3 Unsecured Creditors
FRANK W. KERR: Claim Barred by Applicable Statute of Repose
FRESH MARKET: S&P Raises Corp. Credit Rating to 'CCC', Outlook Neg.

GREAT SOUTHERN: Hires Postlethwaite & Netterville as Accountant
HANKAM HOLDINGS: Hires Eric A. Liepins as Counsel
JET MIDWEST: Hires Polsinelli PC as Counsel
JILL ACQUISITION: S&P Assigns 'B' Corp. Credit Rating, Outlook Neg.
K & T DYSON: Case Summary & 7 Unsecured Creditors

KEMPER CORP: Fitch Affirms BB Rating on $144MM Subordinated Notes
M&G USA: Consortium to Buy Corpus Christi Plant for $1.25 Bil.
M.S. MOELLER CABINETRY: Hires Miller & Miller as Counsel
MIAMI INTERNATIONAL: Hires BKD LLP as Accountant
MONTREIGN OPERATING: S&P Lowers CCR to 'CCC+', Outlook Negative

MOREHEAD MEMORIAL: Files Chapter 11 Plan of Liquidation
NEOVASC INC: Holding Its Year End Conference Call on March 28
NEPHROS INC: Files Updated Resale Prospectus of 8.4M Common Shares
NEPHROS INC: Updates Resale Prospectus of 2.7M Common Shares
NOVABAY PHARMACEUTICALS: Xiaoyan Liu Resigns from Board

OCWEN FINANCIAL: Fitch Hikes Sr. Unsec. Notes Rating to 'CCC'
ORION HEALTHCORP: Needs OK on $7.5-Mil Loan, Cash Collateral Use
PATRIOT NATIONAL: Fla. Financial Services Dept. Opposes Plan
PES HOLDINGS: Court Confirms Prepackaged Plan
PHASERX INC: Court Dismisses Chapter 11 Case

PIEDMONT SALES: Wants Access to Cash Collateral for 12-Month Period
PINKTOE TARANTULA: U.S. Trustee Unable to Appoint Committee
PISCES MIDCO: Moody's Rates New $645MM Senior Unsecured Notes Caa1
QUALITY CARE: Board Gives Shareholders a Say on Bylaws
REAL INDUSTRY: March 29 Hearing to Consider Sale to Noteholders

RIDESHARE PORT: Needs Time to Negotiate Resolution of Claims
SCOTTDALE DETOX: Delays Plan to Close Sale Transaction
SEARS HOLDING: Moody's Affirms Ca-PD Probability Default Rating
SEARS HOLDINGS: CEO Lampert Has 73.3% Stake as of March 20
SEARS HOLDINGS: Completes Private Exchange Offers of Senior Notes

SEARS HOLDINGS: Lowers Net Loss to $383 Million in Fiscal 2017
SKYVIEW ACADEMY: S&P Lowers Rating on 2014 School Bonds to 'BB'
SNOWTRACKS COMMERCIAL: Byline Wants Amended Plan Outline Revised
SNOWTRACKS COMMERCIAL: CHNi Blocks Approval of Disclosure Statement
SOUTHEAST PROPERTY: May 9 Plan Confirmation Hearing

SOUTHEASTERN GROCERS: Files for Chapter 11 With Prepack Plan
SPECTRUM HEALTHCARE: 19th Cash Collateral Order Entered
STAR PERFORMANCE: Seeks Authority to Use Cash Collateral
STEAM DISTRIBUTION: Case Summary & Largest Unsecured Creditors
STG-FAIRWAY HOLDINGS: S&P Affirms 'B' CCR on Improved Liquidity

SUMMIT FINANCIAL: Case Summary & 20 Largest Unsecured Creditors
SUMMIT MATERIALS: S&P Raises CCR to 'BB' on Increased Earnings
SUNIVA INC: DOE Funds Subject to Imposition of Constructive Trust
TOYS R US: Bid Procedures OKed, April 12 Sale Hearing Set
TRAVELCLICK INC: Moody's Rates Proposed $480MM 1st Lien Loan B2

TSC/MAYFIELD: Hires David W. Cohen as Counsel
VERITY CORP: Nevada Biz. Court OKs Plan to Liquidate Assets
VILLA MARIE: May Use Access Cash Collateral Until March 30
WEST CORP: Fitch Rates New $350MM Term Loan Reopening 'BB+'
WEST CORP: S&P Affirms 'B' Rating on Sr. Secured Credit Facility

WESTMORELAND COAL: Receives Noncompliance Notice from Nasdaq
WOODBRIDGE GROUP: Noteholders Seek Court Nod for Drinker Biddle
WOODBRIDGE GROUP: Noteholders Tap Conway MacKenzie as Fin'l Advisor
Z-1 MANAGEMENT: Hires Beard & Savory as Counsel
Z-1 MANAGEMENT: Hires Crye-Leike Realtors as Real Estate Agent


                            *********

17/21 GROUP: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: The 17/21 Group, LLC
           aka Sold Design Lab
        PO Box 1108
        Simi Valley, CA 93062

Business Description: The 17/21 Group LLC's line of business
                      includes the wholesale distribution of
                      women's, children's, and infants' clothing
                      and accessories.  The Company posted gross
                      revenue of $15.69 million in 2017 and gross
                      revenue of $13.34 million in 2016.  The
                      Company's principal place of business is
                      located at 4700 S Boyle Ave, Suite A, Los
                      Angeles California.

Chapter 11 Petition Date: March 26, 2018

Case No.: 18-13300

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

Judge: Hon. Robert N. Kwan

Debtor's Counsel: Brett Ramsaur, Esq.
                  RAMSAUR LAW OFFICE
                  1535 E. 17th Street, Suite 106
                  Santa Ana, CA 92705
                  9492009114
                  E-mail: brett@ramsaurlaw.com

Total Assets: $473,637

Total Liabilities: $1.78 million

The petition was signed by Michael Geliebter, CEO.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at: http://bankrupt.com/misc/cacb18-13300.pdf


250 PIXLEY: Court Junks Chapter 11 Small Business Case
------------------------------------------------------
Judge Paul R. Warren of the U.S. Bankruptcy Court for the Western
District of New York entered an order granting the U.S. Trustee's
motion to dismiss 250 Pixley Road, LLC's chapter 11 small business
case.

The UST filed a motion to convert or dismiss this Chapter 11 small
business case, under 11 U.S.C. section 1112(b)(1) and §
1112(b)(4)(A), (B), (E), (F), (I), and (J), based on the Debtor's
failure to obtain confirmation within the time provided by the
Code, the failure to timely file operating reports, and the failure
to timely pay post-petition mortgage and tax payments.

At the March 16, 2018 hearing on the UST's motion, the Court found
that "cause" exists to dismiss this case, under 11 U.S.C. section
1112(b)(4)(J)--because the Debtor failed to confirm the small
business plan within the time fixed by 11 U.S.C. section 1121(e)
and 1129(e) or to confirm the plan within the time fixed by the
Court's order extending the time to confirm the plan through Feb.
27, 2018. In addition, cause to dismiss was found under 11 U.S.C.
section 1112(b)(4)(F) because of the Debtor's consistent failure to
timely file operating reports. Given the resounding examples of
cause for dismissal in this case under both 11 U.S.C. section
1112(b)(4)(J) and (b)(4)(F), the Court need not reach the other
grounds for cause advanced by the UST in the motion to convert or
dismiss. It is enough to acknowledge that the other grounds alleged
by the UST are well taken.

A copy of Judge Warren's March 16, 2018 Decision and Order is
available at:

     http://bankrupt.com/misc/nywb2-17-20125-97.pdf

250 Pixley Road LLC, filed a Chapter 11 bankruptcy petition (Bankr.
W.D.N.Y. Case No. 17-20125) on February 13, 2017, disclosing under
$1 million in both assets and liabilities.  The Debtor is
represented by Raymond C. Stilwell, Esq.


695 BUGGY: Woodbridge Units' Case Summary & Creditors' List
-----------------------------------------------------------
Affiliates that concurrently filed voluntary petitions for relief
under Chapter 11 of the Bankruptcy Code:

    Debtor                                         Case No.
    ------                                         --------
    695 Buggy Circle, LLC                          18-10670
    14140 Ventura Boulevard, #302
    Sherman Oaks, CA 91423

    Blazingstar Funding, LLC                       18-10671
    Buggy Circle Holdings, LLC                     18-10672
    Deerfield Park Investments, LLC                18-10673
    H10 Deerfield Park Holding Company, LLC        18-10674
    Kirkstead Investments, LLC                     18-10675
    M16 Kirkstead Holding Company, LLC             18-10676

Type of Business: 695 Buggy Circle, LLC, together with six of
                  its subsidiaries, operates as an affiliate of
                  Woodbridge Group of Companies, LLC.
                  Headquartered in Sherman Oaks, California, The
                  Woodbridge Group Enterprise is a comprehensive
                  real estate finance and development company.
                  On Dec. 4, 2017, Woodbridge Group of Companies,
                  LLC and 278 of its affiliates each filed a
                  voluntary petition for relief under Chapter 11
                  of the Bankruptcy Code.  On Feb. 9, 2018,
                  14 additional debtors filed voluntary Chapter 11
                  petitions.  On March 9, 2018, two additional
                  debtors filed voluntary Chapter 11 petitions.
                  The initial Debtors' cases are being jointly
                  administered under Case No. 17-12560.  Visit
                  http://woodbridgecompanies.comfor more
                  information.

Chapter 11
Petition Date:    March 23, 2018

Court:            United States Bankruptcy Court
                  District of Delaware (Delaware)

Judge: Hon.       Kevin J. Carey

Debtors'
General
Bankruptcy
Counsel:          Kenneth N. Klee, Esq.
                  Michael L. Tuchin, Esq.
                  David A. Fidler, Esq.
                  Jonathan M. Weiss, Esq.
                  KLEE, TUCHIN, BOGDANOFF & STERN LLP
                  1999 Avenue of the Stars, 39th Floor
                  Los Angeles, California 90067
                  Tel: (310) 407-4000
                  Fax: (310) 407-9090
                  Email: kklee@ktbslaw.com
                         mtuchin@ktbslaw.com
                         dfidler@ktbslaw.com
                         JWeiss@ktbslaw.com

Debtors'
Delaware
Counsel:          Sean M. Beach, Esq.
                  Edmon L. Morton, Esq.
                  Ian J. Bambrick, Esq.
                  Betsy L. Feldman, Esq.
                  YOUNG CONAWAY STARGATT & TAYLOR, LLP
                  Rodney Square
                  1000 North King Street
                  Wilmington, Delaware 19801
                  Tel: (302) 571-6600
                  Fax: (302) 571-1253
                  Email: sbeach@ycst.com
                         emorton@ycst.com
                         ibambrick@ycst.com
                         bfeldman@ycst.com

Debtors'
Restructuring
Financial
Advisor:          DEVELOPMENT SPECIALISTS, INC.

Debtors'
Operational &
Financial
Advisor:          PROVINCE, INC.

Debtors'
Claims,
Noticing
Agent &
Administrative
Advisor:          GARDEN CITY GROUP INC.
                  Web site:
http://cases.gardencitygroup.com/wgc/maincase.php

Estimated Assets: $500 million to $1 billion

Estimated Liabilities: $500 million to $1 billion

The petitions were signed by Bradley D. Sharp, chief restructuring
officer.

A full-text copy of 695 Buggy Circle, LLC's petition is available
for free at http://bankrupt.com/misc/deb18-10670.pdf

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
G3 Group                                Trade            $992,112
8020 Floral Ave
Los Angeles, CA 90046
Tel: (805) 557-1075
Email: docs@threegroup.com

Dane Coyle Custom Homes Inc.            Trade            $784,207
23945 Calabasas Rd Ste 101
Calabasas, CA 91302
Ophelia Ovenson
Tel: (805) 857-0198

Precise Investment Group              Commission         $679,800
14140 Ventura Blvd., Suite 302
Sherman Oaks, CA 91423

Builder's Team                           Trade           $594,628
8949 Sunset Blvd # 201
West Hollywood CA 90069
Tel: (301) 734-7846
Email: info@buildersteam.com

City of Los Angeles                      Trade           $571,477
PO Box 30879
Los Angeles, CA 90030-0879
Tel: (213) 473-3231

Janckila Construction Inc.               Trade           $527,223
75 Buckskin Dr
Carbondale, CO 81623
Bret Byman
Tel: (970) 963-7239
Email: ken@janckilaconstruction.com

David Goldman                          Commission        $379,800
14140 Ventura Blvd., Suite 302
Sherman Oaks, CA 91423

OHS Design & Development LLC             Trade           $353,700
500 Shatto PL, #411
Los Angeles, CA 90020
Paul Oh
Tel: (213) 739-1512
Email: info@ohsdd.com

Brook Church-Koegel                    Commission        $349,800
14140 Ventura Blvd., Suite 302
Sherman Oaks, CA 91423

The I-Grace Company                       Trade          $284,081
1964 Westwood Blvd, Ste 425
Los Angeles, CA 90025
John Gasparyan
Tel: (310) 645-1555
Email: info@igrace.com

Nicole Walker                          Commission        $279,800
14140 Ventura Blvd, Suite 302
Sherman Oaks, CA 91423

Darin Baker                            Commission        $229,800

Sean Renninger                         Commission        $229,191

KAA Design Group Inc.                     Trade          $172,383

Los Angeles Dept of Water and Power       Trade          $154,615

John Lalib & Associates                   Trade          $132,390
Structural Engineers LLP
Email: info@labibse.com

Kim Tavares                            Commission        $100,473

Alba Environmental Services Inc.          Trade           $92,080
Email:  info@albademo.com

BT Construction & Development             Trade           $88,530
Email: btconstruction@mac.com

Steve Glick                            Commission         $73,898

Boswell Construction                      Trade           $70,902
Email: info@buildboswell.com

HM DG Inc.                                Trade           $68,234
Email: info@hmdginc.com

Studio Tim Campbell                       Trade           $62,748
Email: info@studiomk26.com

Plus Development LLC                      Trade           $61,700
Email: la@plusdevelopmentgroup.com

A Logan Insurance Brokerage               Trade           $59,481
Email: info@aloganins.com

Walker Workshop Design Build              Trade           $59,460
Email: info@walkerworkshop.com

Standard LLP                              Trade           $55,000
Email: info@standardarchitecture.com

StudioMK27 Arquitetos LTDA                Trade           $45,000
Email: info@studiomk26.com

Ronald Diez                             Commission        $27,558

Javid Construction LLC                    Trade           $25,686
Email: timmyjavid@hotmail.com


A. HIRSCH REALTY: Permitted to Use Cash Collateral Through April 3
------------------------------------------------------------------
The Hon. Joan N. Feeney of the U.S. Bankruptcy Court for the
District of Massachusetts, upon the agreement of the Parties, has
authorized A. Hirsch Realty, LLC to use cash collateral on the same
terms and conditions previously allowed by the Court through the
continued hearing which will be held on April 3, 2018 at 10:00 a.m.


A full-text copy of the Order is available at

          http://bankrupt.com/misc/mab18-10043-51.pdf

                    About A. Hirsch Realty

A. Hirsch Realty, LLC, is a real estate company in Mattapan,
Massachusetts.  The company first filed for bankruptcy protection
(Bankr. D. Mass. Case No. 12-12092) on March 14, 2012.

A. Hirsch Realty, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mass. Case No. 18-10043) on Jan. 5,
2018.  In the petition signed by Andrew H. Sherman, manager, the
Debtor estimated assets and liabilities of $1 million to $10
million.  Judge Joan N. Feeney presides over the case.  Nicholson
Herrick LLP is the Debtor's legal counsel.

The Debtor employs Eric Reenstierna, principal of Eric Reenstierna
Associates, LLC, as real estate appraiser of the property located
at 1613-1615 Blue Hill Ave., Mattapan, MA; and James Lowenstern of
Castles Unlimited Inc. d/b/a Castles Commercial as real estate
broker in the sale of said property.


ADVANCED VASCULAR: Seeks June 19 Plan Exclusivity Period Extension
------------------------------------------------------------------
Advanced Vascular Resources of Johnstown, LLC, asks the U.S.
Bankruptcy Court for the Western District of Pennsylvania to extend
by a period of 90 days the time in which only the Debtor may file
its Plan of Reorganization, until June 19, 2018 and the time in
which the Debtor may procure acceptance of its Plan, until August
18, 2018.

Absent the requested extension, that exclusivity period is set to
expire on May 20, 2018. No prior extension of time has been
requested by the Debtor in regard to the filing of its Plan and
Disclosure Statement.

The Debtor asserts that cause exists to extend the exclusivity
periods by 90 days because, inter alia, there is currently pending
a Motion to Dismiss this Chapter 11 Case filed by Samir Hadeed, MD
and Johnstown Heart and Vascular Center, Inc., which Motion asserts
that this case was not filed with the requisite corporate
authority.

Furthermore, the Debtor is pursuing claims against third parties
that are currently pending before the Court and which will provide
funding for the Debtor's Plan of Reorganization. The Debtor
contends that resolution of these matters, particularly the Motion
to Dismiss, is necessary before any Plan can be submitted for
consideration by the Debtor's creditors.

          About Advanced Vascular Resources of Johnstown

Advanced Vascular Resources of Johnstown, LLC, operates an
outpatient vascular-services center in Johnstown, Pennsylvania.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Pa. Case No. 17-70825) on Nov. 21, 2017.  In the
petition signed by Mubashar A. Choudry, president, the Debtor
estimated assets and liabilities of $1 million to $10 million.
Judge Jeffery A. Deller presides over the case.  Robert O Lampl Law
Office is the Debtor's legal counsel.


AF & P INC: Hires Corral Tran Singh as Counsel
----------------------------------------------
AF & P, Inc. d/b/a Kukuri Japanese Cuisine seeks authority from
U.S. Bankruptcy Court for the Southern District of Texas, Houston
Division, to employ Corral Tran Singh, LLP as counsel.

The professional services to be rendered by CTS are:

     i. analyse the financial situation, and rendering advice and
assistance to the Debtor;

    ii. advise the Debtor with respect to its rights, duties, and
powers as a debtor in this case;

   iii. represent the Debtor at all hearings and other
proceedings;

    iv. prepare and file all appropriate petitions, schedules of
assets and liabilities, statements of affairs, answers, motions and
other legal papers as necessary to further the Debtor's interests
and objectives;

     v. represent the Debtor at any meeting of creditors and such
other services as may be required during the course of the
bankruptcy proceedings;

    vi. represent the Debtor in all proceedings before the Court
and in any other judicial or administrative proceeding where the
rights of the Debtor may be litigated or otherwise affected;

   vii. prepare and file a Disclosure Statement and Chapter 11 Plan
of Reorganization;

  viii. assist the Debtor in analyzing the claims of the creditors
and in negotiating with such creditors; and

    ix. assist the Debtor in any matters relating to or arising out
of the captioned case.

CTS' hourly rates:

     Susan Tran      $325.00
     Brendon Singh   $350.00
     Adam Corral     $300.00
     Paralegals       $85.00

Brendon Singh, partner with the law firm Corral Tran Singh, LLP,
attests that his firm is a "disinterested person" as that term is
defined in Sec. 101(14) of the Bankruptcy Code.

The counsel can be reached through:

     Brendon Singh, Esq.
     CORRAL TRAN SINGH, LLP
     1010 Lamar St., Suite 1160
     Houston TX 77002
     Phone: (832) 975-7300
     Fax: (832) 975-7301
     Email: Brendon.Singh@ctsattorneys.com

                                             About AF & P, Inc

AF & P, Inc. d/b/a Kukuri Japanese Cuisine is a Texas for-profit
corporation located at 1902 Washington Avenue, Unit C, Houston,
Texas 77007, incorporated on or about July 29, 2015. KUKURI is a
Japanese style Omakase restaurant, where the chef selects and
creates a personalized menu for the guests.

KUKURI filed a Chapter 11 Petition (Bankr. S.D. Tex. Case No.
18-31243) on  March 13, 2018, listing under $1 million in both
assets and liabilities. Brendon Singh, Esq. at Corral Tran Singh,
LLP represents the Debtor as counsel.


AGFC CAPITAL: Fitch Hikes Trust Preferred Sec. Rating to 'CCC+'
---------------------------------------------------------------
Fitch Ratings has removed from Rating Watch Positive and upgraded
AGFC Capital Trust I's trust preferred securities to 'CCC+'/'RR6'
from 'CCC'/'RR6'. The actions follow the finalization of the
previously published exposure draft with respect to Fitch's
Non-Bank Financial Institutions Rating Criteria. The updated
criteria introduces '+' and '-' modifiers at the 'CCC' rating
category. The exposure draft was published on Dec. 12, 2017 and
finalized on March 22, 2018 following a comment period.

AGFC Capital Trust I is a special-purpose entity that was
established in 2007 to facilitate the issuance of trust preferred
securities on behalf of Springleaf Finance Corporation (Springleaf,
Issuer Default Rating [IDR] B/Positive), an operating subsidiary of
OneMain Holdings, Inc. (OneMain, IDR B/Positive).

OneMain and Springleaf's ratings are otherwise unaffected by this
rating action.

KEY RATING DRIVERS - TRUST PREFERRED SECURITIES

The rating upgrade reflects the revised notching between IDRs and
issue-level ratings, as a function of the Recovery Ratings for a
given issue, taking into account the addition of '+' and '-'
modifiers at the 'CCC' rating category that previously did not
exist in Fitch's Non-Bank Financial Institutions criteria.

The 'CCC+' rating on AGFC's trust preferred securities is two
notches below Springleaf's IDR, reflecting the subordinated nature
of the instrument as indicated by the 'RR6' Recovery Rating, which
implies a stressed recovery of 0% to 10%.

RATING SENSITIVITIES- TRUST PREFERRED SECURITIES

The ratings assigned to AGFC Capital Trust I's trust preferred
securities are primarily sensitive to changes in OneMain's IDR and
to a lesser extent, the recovery prospects of the instrument.

Fitch has upgraded the following ratings:

AGFC Capital Trust I
-- Trust preferred securities to 'CCC+'/'RR6' from 'CCC'/'RR6'.

Fitch currently rates OneMain and its affiliated entities as
follows:

OneMain Holdings, Inc.
-- Long-Term IDR 'B'.

Springleaf Finance Corp.
-- Long-term IDR 'B';
-- Senior unsecured debt of 'B'/'RR4'.

OneMain Financial Holdings, LLC
-- Long-Term IDR 'B';
-- Senior unsecured debt 'B+'/'RR3'.

The Rating Outlook is Positive.


ATLANTA LIFE: A.M. Best Lowers Financial Strength Rating to 'C++'
-----------------------------------------------------------------
A.M. Best has downgraded the Financial Strength Rating (FSR) to C++
(Marginal) from B- (Fair) and the Long-Term Issuer Credit Rating
(Long-Term ICR) to "b+" from "bb-" of Atlanta Life Insurance
Company (ALIC) (Atlanta, GA). The outlook of the Long-Term ICR has
been revised to negative from stable while the outlook of the FSR
remains stable. ALIC is the life insurance member of Atlanta Life
Financial Group, Inc. (ALFG).

The Credit Ratings (ratings) reflect ALIC's balance sheet strength,
which A.M. Best categorizes as adequate, as well as its marginal
operating performance, very limited business profile and marginal
enterprise risk management.

The rating downgrades reflect ALIC's small level of absolute
capital and qualitative concerns regarding a large note receivable
from ALIC's immediate holding company, ALFG, and interest rate risk
embedded in its balance sheet. ALFG's business model has been wound
down due to operating losses from its asset management subsidiary,
Herndon Capital Management, LLC, which ceased business operations
in October 2017. ALFG is currently seeking regulatory approval to
restructure a large note payable to ALIC, which represents a
material percentage of ALIC's surplus. Absent a recapitalization of
ALFG from external parties, A.M. Best is concerned that ALFG's
diminished financial capacity could result in further
de-capitalization of ALIC in the near term.

While year-end results were favorable relative to its business
plan, ALIC's operating results were negatively impacted from higher
claims experience and an increase in operating expenses.
Additionally, the investment portfolio is currently under
transition, which could place additional pressure on operating
results in the near term.

Finally, ALIC's business profile is limited given its geographic
concentration with the vast majority of premium concentrated in two
states. ALIC has recently begun offering contestable period
structured settlement and key man suicide coverage in order to
diversify its book of business, which historically has been limited
to assumption of group life reinsurance.


AUGUSTUS ENERGY: May Use Cash Collateral Through April 25
---------------------------------------------------------
The Hon. Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware authorized Augustus Energy Resources, on a
limited and interim basis, to use cash collateral only in strict
accordance with the terms and conditions provided in the interim
cash collateral order and the budget.

The Debtor's use of cash collateral will terminate the earlier of:
(a) the continued existence of an Event of Default after the
Default Notice Period or (b) 40 days after the Petition Date, April
25, 2018, if the Court has not entered an order approving the Cash
Collateral Motion on a final basis.

A final hearing on the Cash Collateral Motion will take place on
April 24, 2018 at 10:00 a.m.  Any entry of a final order on the
Cash Collateral Motion must be filed on or before April 17.

The Debtor's authority to use cash collateral includes satisfaction
of expenses relating to: (a) working capital purposes; (b) general
corporate purposes of the Debtor; and (c) certain costs and
expenses of administering this Chapter 11 case.

The Debtor acknowledges that Wells Fargo Bank, National
Association, in its capacity as administrative agent (Pre-petition
Agent), and as applicable, a letter-of-credit issuer, swap provider
and lender (Pre-petition Lender), holds a valid, enforceable,
secured, perfected and allowable claim against the Debtor in an
aggregate amount equal to not less than $28,051,644 of unpaid
principal as of the Petition Date pursuant to certain Pre-petition
Claim Documents. The Pre-petition Claim is secured by perfected,
first-priority liens and security interest in all of the real
and/or personal property now owned or at any time hereafter
acquired by the Debtor or in which the Debtor how has or at any
time in the future may acquire any right, title or interest.

Solely to the extent of any diminution in value of their interests
in the prepetition collateral from and after the Petition Date, the
Prepetition Agent and the Prepetition Lender are each granted the
following claims, liens, rights and benefits:

      (a) Wells Fargo Bank, on behalf of the Prepetition Lender, is
granted a valid, binding, continuing, enforceable, fully-perfected,
unavoidable, first-priority lien and/or replacement lien on and
security interest in all of the Debtor's assets and properties of
any kind or type, whether now owned and hereafter acquire real and
personal property, tangible and intangible assets and rights of any
kind or nature, wherever located;

      (b) The Adequate Protection Obligations due to the
Prepetition Agent and the Prepetition Lender will also constitute
allowed joint and several super-priority administrative claims
against the Debtor and its estate, with priority in payment over
any and all unsecured claims and administrative expense claims
against the Debtor and its estate; and

      (c) On the last business day of each calendar month, the
Debtor will pay to Wells Fargo Bank, for the benefit of the
Prepetition Lender, adequate protection payments in an  amount
equal to all accrued and unpaid prepetition or postpetition
interest, and to the extent invoiced, reasonable fees and costs due
and payable under the Prepetition Claim Documents.

A full-text copy of the Order is available at

           http://bankrupt.com/misc/deb18-10580-27.pdf

                     About Augustus Energy

Augustus Energy Resources, LLC, headquartered in Billings, Montana,
is a privately-owned natural gas exploration, development and
production company.  The Company owns operating and non-operating
working interests in approximately 1,575 natural gas wells in the
eastern portion of the DJ Basin in eastern Colorado, primarily in
Yuma County, as well as certain personal property including
buildings, equipment, transportation equipment, machinery,
gathering systems, compressors and a pipeline system.  Augustus
Resources is a Delaware limited liability company formed in 2013.

Augustus Energy Resources filed a voluntary petition for relief
under Chapter 11 of the U.S. Bankruptcy Code (Bankr. D. Del. Case
No. 18-10580) on March 16, 2018.  The case is pending before the
Honorable Laurie Selber Silverstein.

The Debtor estimated assets and liabilities of $10 million to $50
million.

Davis Graham & Stubbs LLP is the Debtor's general bankruptcy
counsel, with the engagement led by Christopher L. Richardson,
Thomas C. Bell, and Kyler K. Burgi. Sullivan Hazeltine Allinson LLC
is the local bankruptcy counsel, with the engagement led by
partners William A. Hazeltine and William D. Sullivan.  JND
Corporate Restructuring is the claims and noticing agent.

Vinson & Elkins LLP, is counsel to Wells Fargo, N.A., as
administrative agent and lender under the Senior Secured Credit
Facility.


BAYOU HAVEN: Hires De Leo Law Firm LLC as Counsel
-------------------------------------------------
Bayou Haven Bed & Breakfast, LLC, seeks authority from the U.S.
Bankruptcy Court for the Eastern District of Louisiana to hire
Robin R. De Leo and The De Leo Law Firm LLC to represent the Debtor
as counsel due to its expertise and experience in bankruptcy
matters.

De Leo's hourly billing rate for Robin De Leo is $300 per hour and
is $85 per hour for paralegal time.  The Debtor has paid the DeLeo
Law Firm $2,225.00 for services performed prepetition.  The Debtor
has also paid the DeLeo Law Firm a prepetition retainer in the
amount of $12,775.00.

Robin De Leo, Esq. attests that her firm does not represent or hold
any interest adverse to the Debtor or the estate and is a
disinterested party, as defined by the Bankruptcy Code.

The counsel can be reached through:

     Robin De Leo, Esq.
     THE DE LEO LAW FIRM, LLC
     800 Ramon Street
     Mandeville, LA 70448
     Phone: (985) 727-1664
     Fax: (985) 727-4388
     E-mail: lisa@northshoreattorney.com

              About Bayou Haven Bed & Breakfast

Bayou Haven Bed and Breakfast, LLC --
http://www.bayouhavenslidell.com/-- is located on beautiful Bayou
Liberty in Slidell, Louisiana.  Bayou Haven is a newly built, seven
suite bed and breakfast designed to evoke the feel of a mid-1800s
bayou plantation house. Every inch of the property was created to
exude the charm, comfort, and grace that is southern hospitality.

Bayou Haven Bed & Breakfast filed a Chapter 11 Petition (Bankr.
E.D. La. Case No. 18-10570) on March 12, 2018, estimating under $1
million in assets and liabilities.  Robin R. DeLeo, Esq., at The De
Leo Law Firm LLC, is the Debtor's counsel.


BOYNE USA: Moody's Assigns B2 Corp. Family Rating; Outlook Stable
-----------------------------------------------------------------
Moody's Investors Service assigned first-time ratings for Boyne
USA, Inc. ("Boyne," dba Boyne Resorts), including a Corporate
Family Rating and Probability of Default Rating of B2 and B2-PD,
respectively. At the same time, Moody's assigned a B2 rating to the
company's $400 million of newly proposed senior secured second-lien
notes. The ratings outlook is stable.

"Boyne's refinancing of a portion of its existing debt with
anticipated proceeds from the notes offering will be cash flow
accretive for the company going forward by lowering its expected
cost of capital," said Vice President and Moody's lead analyst for
the company, Brian Silver. "The debt offering will also be used to
fund the acquisition of seven resorts and attractions that the
company had been operating under leasehold arrangements for ten or
more years," according to Silver, "which effectively removes the
otherwise normal course potential for integration risk."

Moody's noted that Boyne's portfolio of resorts will continue to be
anchored by its ownership of Big Sky Resort in Montana, one of the
premier mountain resort destinations in the North American market
but a relatively large portion of the company's revenue and
profitability. In addition, Boyne is relatively small in terms of
revenue and has high pro forma financial leverage, according to the
rating agency. But Moody's anticipates that the company will
deleverage its balance sheet as EBITDA grows over the next few
years, which will gradually improve its financial risk profile.

The following ratings have been assigned for Boyne USA, Inc.
(subject to receipt of final documentation):

Corporate Family Rating, B2

Probability of Default Rating, B2-PD

New $400 million senior secured second-lien notes due 2025, B2
(LGD4)

Outlook Action:

The ratings outlook is stable

RATINGS RATIONALE

Boyne USA, Inc.'s ratings are constrained by its high financial
leverage approximating 5.9 times at December 31, 2017, pro forma
for its newly proposed capital structure, as well as its relatively
small size. The company is also exposed to a high degree of
seasonality inherent to its core business as a mountain resort
operator, with sensitivity to both discretionary consumer spending
dynamics and weather conditions. However, the company's credit
profile benefits from its long-standing and solid position in the
North American ski industry, highlighted by its ownership of nine
mountain resorts across North America. In addition, it has a
well-diversified geographic footprint and benefits from relatively
stable long-term fundamentals for the North American ski industry
that are characterized by high barriers to entry and favorable
supply and demand dynamics, which in turn support high margins.
Moody's expects the company will grow its revenue and gradually
deleverage via profitability improvements over the next few years.
Also, roughly 20%-25% of Boyne's revenue base is unrelated to
snowsports, the diversification of which is viewed favorably. Boyne
is expected to have a good liquidity profile over the next 12-18
months, supported by balance sheet cash and access to an unrated
$40 million revolver, as well as Moody's expectation that the
company will generate positive free cash flow.

The stable outlook reflects Moody's expectation that visitation
trends will remain healthy, assuming normalized snow conditions,
and that the company will achieve low single-digit revenue and
earnings growth over the next 12-18 months.

The ratings could be upgraded if the company continues to grow
organically while sustaining debt-to-EBITDA below 5.0 times and
maintaining at least a good liquidity profile. Alternatively, the
ratings could be downgraded should the company not meet
expectations and debt-to-EBITDA be sustained above 6.5 times,
and/or EBITA-to-interest sustained below 1.2 times. Additionally,
if liquidity weakens or the company becomes increasingly aggressive
with respect to its financial policies, including undertaking a
large debt-funded acquisition and/or the payment of dividends, the
ratings could be downgraded.

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

Boyne USA, Inc. (dba Boyne Resorts), headquartered in Petoskey,
Michigan, operates nine mountain resorts (four with golf courses)
and two non-ski properties consisting of one attraction (Gatlinburg
Sky Lift) and one hotel/convention center with a 45 hole golf
course (the Inn at Bay Harbor). The company is family owned by
direct descendants of its founder. Pro forma for the transaction,
wherein the company is acquiring seven properties it currently
leases from Och-Ziff, and based on preliminary unaudited financial
results for the twelve months ended December 31, 2017, the company
generated revenue of approximately $355 million.


BOYNE USA: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
--------------------------------------------------------------
North American mountain and golf resorts operator Boyne USA Inc.
has reached an agreement to acquire six mountain resorts and a
scenic chairlift attraction that the company currently operates and
leases from Oz Real Estate. To finance the transaction, Boyne will
put in place an unrated $40 million first-lien senior secured
revolver due 2023, which will be undrawn at transaction closing,
and $400 million of second-lien senior secured notes due 2025.

S&P Global Ratings assigned its 'B' corporate credit rating to
Michigan-based Boyne USA Inc. The outlook is stable.

S&P said, "We also assigned our 'B' issue-level rating and '3'
recovery rating to the company's proposed $400 million second-lien
senior secured notes due 2025. The '3' recovery rating indicates
our expectation for meaningful (50%-70%; rounded estimate: 55%)
recovery for lenders in the event of a payment default. Proceeds
from this debt issuance will finance Boyne's acquisition of seven
properties that it currently operates and leases from Oz Real
Estate, repay a portion of existing debt in the company's capital
structure, and pay for transaction fees and expenses. It is our
understanding that Boyne USA Inc. will be the borrower entity in
this transaction.

The 'B' corporate credit rating reflects Boyne's highly leveraged
financial risk. It also reflects the company's vulnerability to
declines in consumer discretionary spending, its operations in the
competitive regional mountain resorts market, the highly seasonal
nature of winter sports operations, and a reliance on favorable
weather conditions for stable profitability. Partly offsetting
these risk factors are Boyne's geographic diversification across
multiple winter sports regions, ownership of the anchor asset Big
Sky Resort, and durable barriers to entry given the limited supply
of mountains that can be developed for winter sports.

S&P said, "The stable outlook reflects our expectation for good
operating performance and that Boyne will sustain adjusted debt to
EBITDA below our 7x downgrade threshold, incorporating potential
weather-related operating variability, capital expenditures, and
possible incremental leverage to conduct bolt-on acquisitions. We
expect adjusted debt to EBITDA to be in the high-5x area through
2019.

"We could consider lowering the rating if operating performance
deteriorates, resulting in adjusted debt to EBITDA above 7x or
adjusted EBITDA coverage of interest expense below 1.5x on a
sustained basis. This could occur if the company underperforms due
to lower-than-expected snowfall over one or more ski seasons, or if
the company conducts leveraging acquisitions or shareholder
returns.

"While unlikely at this time, we could raise the rating if we are
confident the company's operating performance and financial policy
can sustain adjusted debt to EBITDA below 5x and adjusted EBITDA
coverage of interest expense above 2x. We would also need to
believe the company can continue to generate discretionary cash
flow for debt repayment, incorporating future capital expenditures
plans."



BRIDAN 770: Seeks June 25 Plan Exclusivity Period Extension
-----------------------------------------------------------
Bridan 770, LLC, asks the U.S. Bankruptcy Court for the Southern
District of Florida for an additional 90-day extension of
exclusivity period within which to negotiate and perhaps mediate
with creditors and amend plan and disclosure statement to June 25,
2018, and an additional 90 days after that to solicit acceptances.

The Debtor submits that it continues to make monthly adequate
protection payments and negotiations have continued with Bayview
Loan Servicing. The Debtor has been in negotiations with Bayview
since before its appearance in this case on Oct. 30, 2017.

The Debtor represents that alternative offers have been on the
table since that time, so the Debtor has really been waiting for
the Lender rather than the other way around. The Debtor believes
that mediation may be a useful option in his case if Lender has not
responded to settlement negotiations. The Debtor has requested
Lender's agreement.

                       About Bridan 770

Bridan 770, LLC, filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Fla. Case No. 17-20940) on Aug. 29, 2017, estimating $100,000
to $500,000 in both assets and liabilities.  The petition was
signed by its authorized representative, Laurent Benzaquen of AMBR
JJLB Property Management LLC.  Bridan 770, LLC, and
debtor-affiliate JXB 84 LLC, tapped Joel M. Aresty, Esq., P.A., as
counsel.  An official committee of unsecured creditors has not been
appointed in the Chapter 11 case.


BRIDGE ASSOCIATES: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
No official committee of unsecured creditors has been appointed in
the Chapter 11 case of Bridge Associates of SOHO, Inc. as of March
23, according to a court docket.

Bridge Associates is represented by:

     Roy J. Lester, Esq.
     Lester & Associates, P.C.
     600 Old Country Road, Suite 229
     Garden City, NY 11530
     Tel: (516) 357-9191
     Fax: (516) 357-9281
     Email: rlester@rlesterlaw.com

               About Bridge Associates of SOHO Inc.

Bridge Associates of SOHO, Inc. is the fee owner of a real property
located at 99 Vandam Street, New York, New York, with a liquidation
value of $7.5 million.

Bridge Associates of SOHO sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 18-71159) on February 23,
2018.  Adam D. Luckner, president, signed the petition.  

At the time of the filing, the Debtor disclosed $13.98 million in
assets and $12.54 million in liabilities.  

Judge Robert E. Grossman presides over the case.


BROCADE COMMUNICATIONS: Moody's Withdraws Ba1 Corp. Family Rating
-----------------------------------------------------------------
Moody's Investors Service has withdrawn all of Brocade
Communications Systems, Inc.'s ratings including its Ba1 Corporate
Family rating and rating on its Convertible Notes due 2020. Brocade
was acquired by Broadcom Limited in November 2017 and has retired
most of its debt. Brocade no longer provides public stand alone
financial statements.

RATINGS RATIONALE

Moody's has decided to withdraw the ratings because it believes it
has insufficient or otherwise inadequate information to support the
maintenance of the ratings.

The following ratings were withdrawn:

Issuer: Brocade Communications Systems, Inc.

-- Corporate Family Rating, Withdrawn, previously rated Ba1

-- Probability of Default Rating, Withdrawn, previously rated
    Ba1-PD

-- Speculative Grade Liquidity Rating, Withdrawn, previously
    rated SGL-1

-- Senior Unsecured Conv./Exch. Bond/Debenture, Withdrawn ,
    previously rated Ba1 (LGD4)

-- Outlook, Changed To Rating Withdrawn From Stable

Brocade Communications Systems, Inc. ("Brocade") is a leading
producer of storage area network ("SAN") equipment and a niche
provider of data network equipment. Brocade had revenue of $2.4
billion for the twelve months ended July 2017.


CAMPBELLTON-GRACEVILLE: Altegra Hired for Reference Lab Probe
-------------------------------------------------------------
Campbellton-Graceville Hospital Corp. and its Official Committee of
Unsecured Creditors filed a joint application seeking approval from
the U.S. Bankruptcy Court for the Northern District of Florida to
hire Altegra Health Advisory Services, nunc pro tunc to Feb. 9,
2018, to provide ad hoc advisory services to the Debtor and
Committee related to the investigation into the validity of
reference laboratory relationships, and the accuracy and
appropriateness of billing and reimbursement activity.

                     Prior Financial Distress

In early 2015, CGCH was experiencing financial distress and lacked
adequate funds to meet certain of its financial obligations.  In
fact, CGHC announced at that time that would permanently close its
doors effective April 20, 2015.

In that critical time, CGHC was approached by The People's Choice
Hospital ("PCH") with a solution.  PCH proposed that it would take
over management of the hospital and fund operating losses.  In an
effort to save the hospital, CGHC entered into a "Consulting
Agreement" with PCH, in which PCH would provide healthcare
management and related services for CGHC and provide supervision of
the CEO, CFO and Chief Nursing Officer ("CANO").  In exchange for
these services, PCH would receive a monthly consulting fee of
$30,000 and reimbursement for its expenses.

                The Improper Reference Lab Program

PCH assumed control of the hospital on May 11, 2015, and in October
2015, PCH implemented what became known as the "Reference Lab
Program".  The Reference Lab purported to be a way for the hospital
to generate additional revenue though blood and urine sample
analysis from the Debtor's diagnostic lab.  PCH appointed  Jorge
Perez to oversee the Reference Lab Program.

On August 22, 2016, the U.S. Office of Personnel Management, Office
of the Inspector General ("OIG"), began investigating CGHC with
respect to alleged fraudulent and illegal billing practices related
to laboratory arrangements.  In August 2016, a special investigator
from Blue Cross Blue Shield began investigating claims submitted by
CGHC, under PCH's management, for laboratory service,  which
federal investigation remains on-going as of the Petition Date.

                          Altegra Hiring

The Debtor and Committee require the services of a consulting firm
specializing in investigating and identifying inappropriate
reference laboratory activity and potential areas indicative of
violations of the False Claims Act, Anti-Kickback Statute, or other
fraud, waste and abuse (collectively, the "Investigatory
Services").

The Debtor and Committee wish to retain Altegra Health Advisory
Services to perform the Investigatory Services and Consulting and
Assessment Services on behalf of the Debtor and Committee, pursuant
to the terms of a consulting agreement, which sets forth the
objectives, specific services to be provided, and costs for
Altegra's services under the proposed engagement.

The Debtor and Committee seek an objective evaluation of issues
that may have contributed to inappropriate reference laboratory
relationships and overpayments.

Altegra's hourly rates are:

     Executive Consultant        $325
     Director                    $300
     Managing Consultant         $275
     Senior Consultant           $250
     Consultant                  $225
     Administrative Support       $75

Melissa Scott, Director of the Advisory Services Division of
Altegra Health Advisory Services, attests that Altegra neither
holds nor represents any interest adverse to the Debtor and is a
"disinterested person" within the scope and meaning of Section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Melissa Scott
     Altegra Health
     1725 N. Commerce Parkway
     Weston, FL 33326
     Phone: (877) 461-0415
     E-mail: Melissa.Scott@AltegraHealth.com

                  About Campbellton-Graceville
                       Hospital Corporation

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

Campbellton-Graceville Hospital filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Fla. Case No. 17-40185) on April 17, 2017.
The petition was signed by Marwill Glade of GlassRatner Advisory &
Capital Group, LLC, the Debtor's chief restructuring officer.  In
its petition, the Debtor estimated $1 million to $10 million in
assets and $1 million to $10 million to $50 million in
liabilities.

The Hon. Karen K. Specie presides over the case.  

Berger Singerman LLP is the Debtor's counsel.

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

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


CAMPBELLTON-GRACEVILLE: Bid to DQ Committee Counsel Junked
----------------------------------------------------------
Judge Karen K. Specie of the U.S. Bankruptcy Court for the Northern
District of Florida denied Empower Systems, H.I.S., LLC's motion to
disqualify Broad and Cassel and Frank Terzo, Esq. as counsel of the
Unsecured Creditors Committee.

The Court finds that Empower does not have the type of pecuniary
interest in the outcome of this Chapter 11 case on which to base
standing to seek disqualification of Committee counsel. The
Debtor's only mentions of Empower in this case, aside from at
various hearings at which Empower appeared through counsel, are in
its motion for approval of the settlement agreement with People's
Choice Hospital, LLC, and in the Joint Disclosure Statement and
Joint Plan of Reorganization filed with the Committee. Empower's
only pecuniary interest in this Chapter 11 case is as a potential
defendant. Empower is not a creditor of the Debtor, and there
currently is only a mere possibility that Empower will be a debtor
to the Debtor.

In its motion to disqualify, Empower seeks to remove duly appointed
counsel to the Official Committee of Unsecured Creditors, but
Empower holds no legally protected interest that could be affected
by the Committee in this case. Empower is not a creditor of the
Debtor. Empower is not even a debtor of the Debtor. At most,
Empower is a potential debtor of the Debtor, or more likely of the
liquidating trustee; this is not enough to confer standing on
Empower to pursue the motion to disqualify.

Empower argues that it has standing because it is "specifically
identified in the Committee's proposed Plan and Disclosure
Statement as a source of recovery for the estate." This argument
borders on the absurd. It is also unsupported by the case law that
Empower cites. None of the cases cited hold that the mere mention
of an entity in a plan suffices to confer standing on that entity.

To conclude, Empower is not a party in interest under 11 U.S.C.
section 1109 with standing to bring a motion to disqualify
Committee counsel. Even if it had standing to pursue the motion to
disqualify, Empower has failed to allege facts sufficient to
justify the drastic remedy of disqualifying Committee counsel.

A full-text copy of Judge Specie's Memorandum Opinion and Order
dated March 15, 2018 is available at:

     http://bankrupt.com/misc/flnb17-40185-539.pdf

     About Campbellton-Graceville Hospital Corporation

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

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

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

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

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

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


CANDI CONTROLS: Involuntary Chapter 11 Case Summary
---------------------------------------------------
Alleged Debtor: Candi Controls, Inc.
                428 13th Street, 3rd Floor
                Oakland, CA 94612

Type of Business: Candi Controls, Inc. --
                  https://candicontrols.com -- is a cloud-assisted
                  network & device integration software company.
                  Candi connects devices and data in mainstream  
                  commercial buildings to cloud-based services for
                  energy and facilities management.  Its open IoT
                  server bridges established and popular
                  communication protocols to get secure access to
                  best-in-class legacy systems and IoT devices --
                  directly or through leading cloud-based apps and

                  services.  The Company is headquartered in
                  Oakland, California.

Involuntary Chapter 11 Petition Date: March 23, 2018

Case Number: 18-10679

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Christopher S. Sontchi

Petitioners' Counsel: Kevin Scott Mann, Esq.
                      CROSS & SIMON, LLC
                      1105 N. Market Street, Suite 901
                      P.O. Box 1380
                      Wilmington, DE 19899-1380
                      Tel: 302-777-4200
                      Fax: 302-777-4224
                      E-mail: kmann@crosslaw.com

Alleged creditors who signed involuntary petition:

Petitioners                  Nature of Claim  Claim Amount   
-----------                  ---------------  ------------
CGM Partners, LLC                  Note             $75,000
Paul M. Lavery
P.O. Box 4631
El Dorado Hills, CA 95672

Howard Elias                       Note            $200,000
300 Boylston Street, #806
Boston, MA 02116

Kelly Yang Living Trust            Note            $300,000
Kelly Yang
P.O. Box 870
Mt. Shasta, CA 96067

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

          http://bankrupt.com/misc/deb18-10679.pdf


CENVEO INC: Committee Taps Lowenstein Sandler LLP as Counsel
------------------------------------------------------------
The Official Committee of Unsecured Creditors of Cenveo, Inc. and
its debtor-affiliates seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to hire Lowenstein Sandler
LLP as counsel.

Services Lowenstein Sandler will provide the Committee are:

     a. provide legal advice as necessary with respect to the
Committee's powers and duties as an official committee appointed
under section 1102 of the Bankruptcy Code;

     b. assist and advise the Committee in its consultations with
the Debtors relative to the administration of these Chapter 11
Cases;

     c. assist the Committee in analyzing the claims of the
Debtors' creditors and the Debtors' capital structure and in
negotiating with holders of claims and equity interests and the
Debtors’ proposed financing;

     d. assist the Committee in its investigation of the acts,
conduct, assets, liabilities, and financial condition of the
Debtors and the operation of the Debtors' businesses;

     e. assist the Committee in its investigation of the liens and
claims of the holders of Debtors' pre-petition debt and the
prosecution of any claims or causes of action revealed by such
investigation;

     f. assist the Committee in its analysis of, and negotiations
with, the Debtors or any third party concerning matters related to,
among other things, financing and use of cash collateral, the
assumption or rejection of
certain leases of nonresidential real property and executory
contracts, asset dispositions, sale of assets, financing of other
transactions and the terms of one or more plans of reorganization
for the Debtors and accompanying disclosure statements and related
plan documents;

     g. prepare on behalf of the Committee, pleadings and
applications as may be necessary in furtherance of the Committee's
interests and objectives in these Chapter 11 Cases, including
without limitation, motions, objections,
adversary complaints, answers, orders, agreements, memoranda of
law, retention papers and fee applications for the Committee's
professionals, including Lowenstein Sandler and FTI Consulting;

     h. appear in Court to present necessary motions, applications,
and pleadings, and otherwise protect the interests of those
unsecured creditors who are represented by the Committee;

     i. advise the Committee as to the implications of the Debtors'
activities and motions before this Court; and

     j. perform such other legal services as may be required or are
otherwise deemed to be in the best interests of the Committee in
accordance with the Committees powers and duties as set forth in
the Bankruptcy Code, Bankruptcy Rules and other applicable law.

Lowenstein Sandler's current hourly rates are:

     Partners of the Firm                           $600 - $1,285
     Senior Counsel and Counsel                     $450 - $760
       (generally 7 or more years' experience)
     Associates                                     $350 - $580
       (generally less than 6 years' experience)   
     Paralegals and Assistants                      $135 - $340

Kenneth A. Rosen, a partner at the law firm of Lowenstein Sandler,
attests that his firm does represent certain creditors of the
Debtors on wholly unrelated matters, it does not represent any
entity having an adverse interest in connection with the Debtors'
cases, is a "disinterested person" as that term is defined in
Section 101(14) of the Bankruptcy Code, and does not represent or
hold any interest adverse to the interests of the Debtors’
estates with respect to the matters for which it is to be employed.


The firm can be reached through:

     Kenneth A. Rosen, Esq.
     Mary E. Seymour, Esq.
     Bruce Buechler, Esq.
     Eric S. Chafetz, Esq.
     LOWENSTEIN SANDLER LLP
     1251 Avenue of the Americas, 17th Floor
     New York, NY 10020
     Tel: (212) 262-6700
     Fax: (212) 262-7402
           – and –
     One Lowenstein Drive
     Roseland, NJ 07068
     Tel: (973) 597-2500
     Fax: (973) 597-2400

                          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: Proposes Plan Consolidation Compensation Program
------------------------------------------------------------
BankruptcyData.com reported that Cenveo Inc. filed with the U.S.
Bankruptcy Court a motion for entry of an order approving Cenveo's
plant consolidation compensation program.

BankruptcyData related that the motion explains, "Cenveo commenced
these chapter 11 cases to effectuate a holistic restructuring
predicated on Cenveo's new go-forward business plan, which Cenveo
developed in consultation with its advisers and with input from its
DIP lenders. Cenveo's new business plan will maximize stakeholder
value because it will: significantly reduce Cenveo's funded
indebtedness; reduce Cenveo's operating costs; and maximize
Cenveo's return on investment in its business. A critical component
of the new business plan is Cenveo's strategy to rationalize its
operational footprint by eliminating, and winding down its
operations at, certain underperforming operating plants in its
label, envelope, and print segments (collectively, the 'Plant
Consolidation Strategy'). To that end, Cenveo recently began to
consolidate two envelope-production plants in Ennis, Texas and
Altoona, Pennsylvania; three printing plants located in Conklin,
New York, Pikesville, Maryland, and Kent, Washington; and one label
plant located in Omaha, Nebraska (collectively, the
'Plants').Cenveo expects to fully implement the Plant Consolidation
Strategy by summer 2018 and that doing so will save Cenveo
approximately $6.1 million annually."

The motion continues, "The Plant Consolidation Compensation Program
is essential for retaining employees to facilitate the Plant
Consolidation Strategy. Without the qualified, and difficult to
replace plant personnel, the Plant Consolidation Strategy - which
is an integral part of its cost savings initiative - will be
unnecessarily costly, time intensive, and likely delayed."

The Court scheduled an April 12, 2018 hearing to consider the
motion, according to the report.

                         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 $789.5
million and total debt of $1.426 billion.

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.


CHARLES K. BRELAND: Appointment of Unsecureds Committee Unnecessary
-------------------------------------------------------------------
Judge Jerry C. Oldshue of the U.S. Bankruptcy Court for the
Southern District of Alabama entered an order denying creditor
Crimson Portfolio, LLC, and Adams and Reese, LLP's joint motion for
amendment of order and appointment of Unsecured Creditors'
Committee.

The I.R.S. filed its objection in opposition to the joint motion on
the grounds that a committee is not necessary due to the Court's
appointment of a Chapter 11 Trustee. The I.R.S. highlighted the
impracticality of appointing such a committee as it would serve a
duplicate purpose and incur additional fees and expenses which the
Estate would be forced to pay.

The Chapter 11 Trustee, in joining the I.R.S.' objection, orally
argued that his section 1104 duties encompass a fiduciary duty to
the Estate and to the creditors, including the unsecured creditors.
The Trustee also argued that this request is merely a tactic by the
Movants to receive payment for their claims from the Estate instead
of through the plan under the statutory priority scheme.

An unsecured creditors' committee operates as a representative
voice for the unsecured creditors in a chapter 11 case. The
committee’s role is always one of convenience and efficiency.
However, where a chapter 11 trustee is appointed, the necessity for
such a representative committee generally no longer exists. Because
the "[t]rustee has a statutory fiduciary duty to the same unsecured
creditors" that a committee would have, allowing a committee to be
appointed after a trustee has been appointed would be duplicative
and unnecessary. The appointment of a chapter 11 trustee renders
the appointment of a committee unnecessary to the fair and orderly
administration of the estate. The cost of another team of
professionals to represent the committee is impractical and is not
cost effective.

At the hearing of these matters, no evidence was presented that the
rights and interests of the unsecured creditors were being
inadequately represented by the Trustee. Unless and until Movants
present the Court with sufficient evidence that the Trustee has not
or is not upholding his statutory fiduciary duty to the unsecured
creditors, no committee shall be appointed. To ensure that Movants
are not denied future due process on this issue, the memorandum
opinion and order is entered without prejudice. Movants are
entitled to renew their request for relief if sufficient evidence
can be presented that their interests are not being fairly and
adequately represented by the Trustee.

A full-text copy of Judge Oldshue's Memorandum Opinion and Order
dated March 15, 2018 is available at:

     http://bankrupt.com/misc/alsb16-02272-932.pdf

                   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.


CHOICE BRANDS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Choice Brands Group, Inc.
           fdba Choice Brands Equestrian, Inc.
        254 North Cedar Street
        Hazleton, PA 18201

Business Description: Choice Brands Group, Inc., fdba Choice
                      Brands Equestrian, Inc., is a wholesale
                      importer and distributor of equestrian
                      products.  Choice Brands Group, which also
                      operates under the name Horseloverz.com, is
                      located in Hazleton, Pennsylvania.
                      HorseLoverZ offers discounted horse
                      supplies, horse tack, saddles, clothing,
                      boots as well as breyer.

Chapter 11 Petition Date: March 23, 2018

Case No.: 18-01175

Court: United States Bankruptcy Court
       Middle District of Pennsylvania (Wilkes-Barre)

Judge: Hon. Robert N. Opel II

Debtor's Counsel: Mark J. Conway, Esq.
                  LAW OFFICES OF MARK J. CONWAY P.C.
                  502 South Blakely Street
                  Dunmore, PA 18512
                  Tel: 570 343-5350
                  Fax: 570 343-5377
                  E-mail: info@mjconwaylaw.com

Total Assets: $1.11 million

Total Liabilities: $3.63 million

The petition was signed by John V. Moncada, president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at: http://bankrupt.com/misc/pamb18-01175.pdf


COLLEGIATE ACADEMY: S&P Raises Rating on 2004 School Bonds to 'BB-'
-------------------------------------------------------------------
S&P Global Ratings raised its underlying rating on Colorado
Educational & Cultural Facilities Authority's series 2004 charter
school revenue refunding bonds, supported by Collegiate Academy
Charter School Building Corp. and issued for Collegiate Academy
Charter School (CACS or the school), to 'BB-' from 'B+'. The
outlook is stable.

"The upgrade reflects our opinion of CACS's improving financial
profile metrics, including unrestricted liquidity, and
lease-adjusted maximum annual debt service coverage to levels
commensurate with the higher rating," said S&P Global Ratings
credit analyst Shivani Singh. The continued positive operations
have allowed CACS to improve its liquidity to 78 days' cash on hand
as of June 30, 2017 (excluding TABOR funds), well above historical
levels; just as of June 30, 2014, the school had virtually zero
cash. In addition, CACS has grown enrollment--for the most current
academic year, it enrolled 384 students, which is stable from the
previous academic year--and it no longer has any bond covenant
violations, as was the case in fiscal years 2014 and 2013.

S&P said, "The stable outlook reflects our expectation that over
our one-year outlook period, enrollment will be stable, the school
will continue generating full-accrual operating surpluses, and
maintain liquidity and lease-adjusted MADS coverage in line with
the current assessment ranges. Our outlook does not factor in the
possibility of additional debt."


CORBETT-FRAME INC: May Use Cash Collateral for March 2018 Expenses
------------------------------------------------------------------
Judge Gregory R. Schaaf of the U.S. Bankruptcy Court for the
Eastern District of Kentucky authorized Corbett-Frame, Inc., to use
cash collateral to pay those items designated in the budget only in
accordance with the Interim Order from March 1 through March 31,
2018.

As adequate protection for any diminution in the value of US Bank's
and David Yurman's interests in the cash collateral, US Bank and
David Yurman are granted replacement lien of the same type of
property/collateral as existed prepetition, subject only to any
valid and enforceable, perfected, and non-avoidable liens of other
secured creditors as indicated in previous orders.

As additional adequate protection, the Debtor will continue to
account for all cash use, and the proposed cash use as set forth in
the Budget is being incurred primarily to preserve property of the
Estate. The Debtor will make the adequate protection payments to US
Bank as set forth on the Budget on or before March 25, 2018.

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

           http://bankrupt.com/misc/kyeb17-51607-92.pdf

                       About Corbett-Frame

Corbett-Frame, Inc., d/b/a Corbett-Frame Jewelers, owns a jewelry
store in Lexington, Kentucky, offering contemporary designer
collections & customized pieces.  The Company is a small business
debtor as defined in 11 U.S.C. Section 101(51D).

Corbett-Frame filed a Chapter 11 petition (Bankr. E.D. Ky. Case No.
17-51607) on Aug. 9, 2017.  In the petition signed by Jennifer
Lykins, its president, the Debtor estimated its assets and
liabilities at between $1 million and $10 million.  The case is
assigned to Judge Gregory R. Schaaf.  Jamie L. Harris, Esq., at the
Delcotto Law Group PLLC, is the Debtor's counsel.

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


CORSAIR: $75MM Incremental Loan No Impact on Moody's B2 CFR
-----------------------------------------------------------
Moody's Investors Service said that EagleTree-Carbide Acquisition
Corp. ("Corsair")'s proposed incremental $75 million first lien
term loan is credit negative but the B2 corporate family rating, B2
senior secured first lien debt rating and Caa1 senior secured
second lien debt rating are unaffected.

Corsair, based in Fremont, California, designs and markets desktop
computer gaming peripherals and components, including high
performance computer memory, gaming headsets, keyboards, and mice.
Corsair is owned by EagleTree Capital, L.P., limited partner
co-investors, and Corsair senior management.


CRESCENT MOON: Hires Kelley & Clements as Attorney
--------------------------------------------------
Crescent Moon Farm Trust seeks authority from the U.S. Bankruptcy
Court for the Northern District of Georgia to employ Kelley &
Clements LLP, as attorney to the Debtor.

Crescent Moon requires Kelley & Clements to:

   a. advise and consult with the Debtor concerning questions
      arising in the conduct of the administration of the estate
      and concerning the Debtor's rights and remedies with regard
      to the estate's assets and the claims of secured, preferred
      and unsecured creditors and other parties in interest;

   b. appear for, prosecute, defend and represent the Debtor's
      interest in suits arising in or related to this case;

   c. investigate and prosecute preference and other actions
      arising under the Debtor in Possession's avoidance powers;
      and

   d. assist in the preparation of such pleadings, motions,
      notices and orders as are required for the orderly
      administration of this estate; and to consult with and
      advise the Debtor in connection with the operation of or
      the termination of the operation of the business of the
      Debtor.

Kelley & Clements will be paid at these hourly rates:

         Partners                     $400
         Paraprofessionals            $115

Kelley & Clements was paid $5,000 as a prepetition retainer on Jan.
25, 2018. After payment of prepetition expenses and the filing fee
it has $2,093 remaining, which it currently holds in its firm trust
account.

Kelley & Clements will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Charles N. Kelley, Jr., partner of Kelley & Clements LLP, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Kelley & Clements can be reached at:

     Charles N. Kelley, Jr., Esq.
     KELLEY & CLEMENTS LLP
     PO Box 2758
     Gainesville, GA 30503-2758
     Tel: (770) 531-0007
     E-mail: ckelley@kelleyclements.com

                About Crescent Moon Farm Trust

Crescent Moon Farm Trust filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Ga. Case No. 18-20441).  The Debtor is represented by
Charles N. Kelley, Jr., Esq., at Kelley & Clements LLP.


CROSIER FATHERS: $25-Mil. Accord, Bankruptcy-Exit Plan Approved
---------------------------------------------------------------
KARE11.com reports that Bankruptcy Judge Robert Kressel in
Minnesota has approved a $25 million settlement by the Crosier
religious order over lawsuits alleging clergy sex abuse in
Minnesota.  Judge Kressel approved the Crosier Fathers and
Brothers' bankruptcy-exit plan.

The Crosier Fathers and Brothers will pay $5.7 million, with its
insurer paying the remaining $19.7 million.

The report notes that the Rev. Thomas Enneking, the order's
religious superior in the U.S., apologized from the witness stand.
The victims' attorney Jeff Anderson praised the Crosiers for not
trying to hide their assets.

KARE11.com, citing a The Star Tribune report, says an objection
filed by the Archdiocese of St. Paul and Minneapolis was withdrawn
after the agreement was clarified to protect it from possible
future lawsuits involving Crosier clergy.

In connection with the plan of reorganization, disclosure statement
and the bankruptcy proceedings, on February 14, 2018, the Crosier
Fathers and Brothers Province, Inc., Crosier Fathers of Onamia, and
Crosier Community of Phoenix filed with the Bankruptcy Court a
motion seeking an order authorizing and approving a settlement with
their insurer, Hartford.  The settlement provides for the purchase
and sale of certain policies and interests in certain policies
pursuant to section 363 of the Bankruptcy Code, free and clear of
all claims and interests. The settlement agreement also provides
that Hartford will be protected by the Plan Injunction.

In exchange for contribution of funds that will be used, in part,
for the benefit of tort claimants, Hartford will receive a release
of all claims, known and unknown, arising out of or relating to
certain Hartford Policies and arising from or relating to certain
interests in other Hartford Policies.  The claims will be enjoined
from being asserted against Hartford. The settlement also provides
for the issuance of certain injunctions in favor of Hartford which
will bar claims based on, arising from, or attributable to
insurance policies and policy interests that are being released
and/or sold.

A hearing to consider approval of the settlement and the proposed
plan was set for March 22.

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

           http://bankrupt.com/misc/mnb17-41683-124.pdf

                     About Crosier Fathers

Crosier Fathers and Brothers Province, Inc. --
https://www.crosier.org/ -- is a Minnesota non-profit corporation
that is the civil counterpart of the religious entity known as the
Canons Regular of the Order of the Holy Cross Province of St.
Odilia.

Crosier, Crosier Fathers of Onamia and The Crosier Community of
Phoenix sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. D. Minn. Case No. 17-41681 to 17-41683) on June 1, 2017.
The Rev. Thomas Enneking, their president, signed the petitions.

Crosier Fathers and Brothers estimated less than $1 million in
assets and less than $500,000 in liabilities.  Crosier Fathers of
Onamia and The Crosier Community of Phoenix each estimated under
$10 million in assets.  Crosier Fathers of Onamia estimated under
$10 million in liabilities, while The Crosier Community of Phoenix
estimated under $500,000 in debt.

Judge Robert J Kressel presides over the cases.

The Debtors hired Quarles & Brady LLP as lead counsel and Larkin
Hoffman as local counsel.  JND Corporate Restructuring has been
retained as claims and noticing  agent.  Levrose Real Estate, LLC,
serves as real estate broker.

The Debtors also have hired Keegan, Linscott and Kenon, P.C., as
accountant; Gaskins Bennett Birrell Schupp LLP as special insurance
counsel; Larson King LLP as special litigation counsel in civil
actions filed before the petition date; and Larkin Hoffman Daly &
Lindgren Ltd., as local counsel.

On June 22, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee retained
Stinson Leonard Street LLP as its bankruptcy counsel.


CTI BIOPHARMA: Board Adopts Amended and Restated Bylaws
-------------------------------------------------------
The Board of Directors of CTI BioPharma Corp. approved the adoption
of the Company's Amended and Restated Bylaws, to become effective
on March 21, 2018.  The amendments effected within the Amended and
Restated Bylaws:

   * Provide that each committee of the Board must have at least
     three members.

   * Provide that each director serving on a committee of the
     Board:

       - meets the independence requirements of Listing Rule 5605
         of the NASDAQ Stock Market's Equity Rules;

       - has not received, during the current calendar year or any

         of the three immediately preceding calendar years,
         remuneration, directly or indirectly, other than de
         minimis remuneration, as a result of service as, or
         compensation paid to an entity affiliated with the
         director that serves as: (A) an advisor, consultant, or
         legal counsel to the Corporation or to a member of the
         Corporation's senior management; or (B) a significant
         customer or supplier of the Corporation;

       - has no personal services contracts with the Corporation
         or any of its affiliates, or any of the Corporation's
         executive officers;

       - is not affiliated with a not-for-profit entity that
         receives significant contributions from the Corporation;

       - has no interest in any investment that overlaps with an
         investment that the Corporation has (equity, debt or
         hybrid);

       - during the current calendar year or any of the three
         immediately preceding calendar years, has not had any
         business relationship with the Corporation for which the
         Corporation has been required to make disclosure under
         Regulation S-K of the Securities Act of 1933, other than
         for service as a director or for which relationship no
         more than de minimis remuneration was received in any one
         such year; provided, however, that the need to disclose
         any relationship that existed prior to a director joining
         the Board shall not in and of itself render the director
         non-independent;

       - is not employed by a public company at which an executive
         officer of the Corporation serves as a director;

       - has not had any of the relationships described above,
         with any affiliate of the Corporation; and

       - is not a member of the immediate family of any person
         described in subsections above.

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

                        https://is.gd/2olliT

                     About CTI BioPharma Corp.

CTI BioPharma Corp. -- http://www.ctibiopharma.com/-- is a
biopharmaceutical company focused on the acquisition, development
and commercialization of novel targeted therapies covering a
spectrum of blood-related cancers that offer a unique benefit to
patients and healthcare providers.  CTI BioPharma has a late-stage
development pipeline, including pacritinib for the treatment of
patients with myelofibrosis.  CTI BioPharma is headquartered in
Seattle, Washington.

CTI Biopharma reported a net loss attributable to common
shareholders of $45.02 million on $25.14 million of total revenues
for the year ended Dec. 31, 2017, compared to a net loss
attributable to common shareholders of $52 million on $57.40
million of total revenues for the year ended Dec. 31, 2016.  As of
Dec. 31, 2017, CTI Biopharma had $54.88 million in total assets,
$38.79 million in total liabilities and $16.09 million in total
shareholders' equity.


DE NOVO IMPORTS: Seeks Authority to Use Citibank Cash Collateral
----------------------------------------------------------------
De Novo Imports, Inc., seeks authorization from the U.S. Bankruptcy
Court for the District of New Jersey for the continued use of its
accounts receivables and other current assets to protect the going
concern of its value and to provide source of funding the
administration of this case and the Chapter 11 Plan of
Reorganization.

As of the Petition Date, the Debtor has continued to bill clients
and generate new receivables as the business uses cash flow from
payment of older receivables to acquire new inventory and pay
ongoing expenses. The Debtor believes that the profits from its
business will generate sufficient income to pay all necessary
expenses, sustain a confirmable Chapter 11 Plan, and pay
administrative expenses for the during of this case.

The book value of the Accounts Receivables is estimated at $906,034
and the inventory has an estimated value of $1,194,579.  The cash
will be used as reflected in the Budget.  The Budget illustrates
that there is a positive cash flow while providing for adequate
protection payments to Citibank, N.A. paying all ordinary household
and business expenses, and providing for the administration of this
case.

As of the Petition Date, Citibank, N.A. has a purported security
interest on the Debtor's assets (including current and future
proceeds, inventory, and equipment) at the commencement of the
case. Citibank's interests will be protected by the granting of a
replacement lien on the new receivables as well as any new
inventory obtained. The Debtor expects that receivables will remain
constant for the foreseeable future. Thus, the replacement lien
will prevent any significant diminution in value. Furthermore, the
Debtor will further provide adequate protection to Citibank by
maintaining business insurance, and by continuing to manage the
business in a profitable manner.

Since the Budget illustrates that the Debtor is operating at a
positive cash flow, which strengthens the operations of the
Debtor's business as it continues to create new receivables,
secures the Debtor's reorganization efforts, and protects
Citibank's interest from diminution in the value of its
collateral.

The Debtor does not anticipate the value of the receivables or
other current assets to significantly change within the next six
months and has no reason to believe that the receivables will
decrease in the foreseeable future so long as it is provided the
continued use of cash generated from the payment of receivables in
the normal course of its ordinary business.

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

           http://bankrupt.com/misc/njb18-13487-18.pdf

                      About De Novo Imports

De Novo Imports, Inc. -- http://www.denovoimports.com/-- is a
fashion accessories supplier in Secaucus, New Jersey.  It designs
six different lines of jewelry that cater to the fashion needs and
tastes of wide array of consumer segments.  De Novo Imports began
as a small family business in 2002.

De Novo Imports sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 18-13487) on Feb. 23, 2018.
In the petition signed by Min Sun Kim, president, the Debtor
estimated assets of less than $1 million and liabilities of $1
million to $10 million.  

Judge John K. Sherwood presides over the case.

Scura, Wigfield, Heyer, Stevens & Cammarota, LLP, is the Debtor's
counsel; and Young Dong Kim, CPA, P.C., is its accountant.


DEL MONTE: S&P Lowers Corp. Credit Rating to CCC-, Outlook Negative
-------------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Walnut
Creek, Calif.–based Del Monte Foods Inc. to 'CCC-' from 'CCC+'.
The outlook is negative.

S&P said, "We also lowered our ratings on the company's $710
million first-lien term loan due 2021 to 'CCC-' from 'CCC+'. The
recovery rating remains '3', indicating our expectations for
meaningful (50%-70%, rounded estimate 50%) recovery in the event of
a payment default.

"Concurrently, we lowered our issue-level ratings on the company's
$260 million second-lien term loan due 2021 to 'C' from 'CCC-'. The
recovery rating remains '6', indicating our expectations for
negligible (0%-10%, rounded estimate 0%) recovery in the event of a
payment default.

"The downgrade reflects our expectation for leverage to remain
elevated above 10x over the next 12-18 months. We believe the
company's capital structure is unsustainable and will remain that
way absent a significantly favorable change. In addition, the
company has not yet extended the maturity of its asset-backed
lending (ABL) facility that is set to mature in February 2019, but
has started negotiations. We believe refinancing risk exists as
lenders may be unwilling to extend the facility given the elevated
leverage levels and underperformance to the budget that existing
ABL lenders signed up for on the original transaction. However, we
note the company is confident of closing the extension in the
near-term. We also note that liquidity is constrained and that the
company's positive free operating cash flow generation is driven by
support it receives from its parent Del Monte Pacific Ltd. (DMPL).
DMPL is essentially funding Del Monte's working capital by allowing
looser payment terms than the company would receive if it were to
negotiate the terms directly with its vendors.

"The negative outlook reflects our view that the company's capital
structure is unsustainable and default is more probable in the next
six months absent favorable changes in the company's circumstances.


"We could lower the ratings if the company is unable to extend its
ABL facility at a size similar to its existing facility, or if it
seeks to restructure its balance sheet.

"We could revise the outlook to stable if the company is able to
successfully extend the maturity of its ABL at a similar size to
its existing facility and we no longer expect a balance sheet
restructuring in the next six months. This could occur if the
company generates free operation cash flow above our expectations
and applies it towards debt reduction."


DEXTERA SURGICAL: Seeks July 9 Exclusive Plan Period Extension
--------------------------------------------------------------
Dextera Surgical Inc. asks the U.S. Bankruptcy Court for the
District of Delaware to extend by 90 days (a) the period in which
the Debtor has the exclusive right to file a chapter 11 plan,
through and including July 9, 2018; and the period in which the
Debtor has the exclusive right to solicit acceptances of the
chapter 11 plan, through and including September 10, 2018.

Currently, the Debtor's Exclusive Filing Period is scheduled to
expire on April 10, 2018 and the Debtor's current Exclusive
Solicitation Period is scheduled to expire on June 10, 2018. To
ensure that this Chapter 11 Case continues to progress in an
effective and efficient manner, the Debtor seeks the requested
extensions so that it can work to analyze claims, finalize a
chapter 11 plan and address other pressing issues arising in the
case.

On December 11, 2017, the Debtor entered into an asset purchase
agreement to sell substantially all of its assets to Aesculap, Inc.
or its designee. The Court approved the Sale and the closing of the
Sale occurred on February 20, 2018.

On February 14, 2018, the Court entered the Order, pursuant to
which the Court established, inter alia, a general claims bar date
of April 11, 2018.

While the Debtor expects to file a proposed chapter 11 plan in the
near future, because the General Bar Date is not until April 11,
2018. As such, the Debtor needs additional time to complete an
analysis of the claims filed before it can finalize a plan that
best serves the Debtor's estates and parties in interest. Having
sufficient time to develop such a plan will ensure a smooth plan
process, which will in turn enable the case to continue to progress
in an efficient manner.

                     About Dextera Surgical

Headquartered in Redwood City, California, Dextera Surgical Inc.
(DXTR:US OTC US) -- https://www.dexterasurgical.com/ -- is a
medical device company that designs and manufactures proprietary
stapling devices that enable the advancement of minimally invasive
surgical procedures.  Founded in 1997 as Vascular Innovations,
Inc., the Company changed its name in November 2001 to Cardica,
Inc., and in June 2016 to Dextera Surgical Inc.

Dextera Surgical sought Chapter 11 protection (Bankr. D. Del. Case
No. 17-12913) on Dec. 11, 2017.  Dextera Surgical also entered into
an asset purchase agreement with Aesculap, Inc, an affiliate of B.
Braun Group, for $17.3 million.

The Company disclosed $6.53 million in total assets and $14.82
million in total debt as of Sept. 30, 2017.

The Debtor tapped Saul Ewing Arnstein & Lehr LLP as counsel; Cooley
LLP as special corporate counsel; JMP Securities, LLC, as financial
advisor and investment banker; and Rust Consulting/Omni Bankruptcy
as claims and noticing agent.


DOUBLE EAGLE: Unsecureds to Receive 10% in 10 Years at No Interest
------------------------------------------------------------------
Double Eagle Energy Services, LLC, filed with the U.S. Bankruptcy
Court for the Western District of Louisiana, Alexandria Division, a
plan of reorganization and disclosure statement, which propose the
following classification and treatment of claims:

   Class 1: The Debtor will satisfy most of the secured claims of
the Gibsland Bank & Trust by paying $35,000.00 per month, one half
payment being paid every fifteen days, until this claim is paid in
full. The claim will continue to bear interest at the contract rate
of interest. Certain claims, detailed in the Plan, will be
satisfied through the liquidation of causes of action that serve as
collateral.

   Class 2: The secured claim of Ford Motor Credit Company, secured
by a 2014 Ford F-150 Truck, will receive payments in the amount of
$886.49 per month until the claim is paid in full. The claim will
continue to bear interest at the contract rate of interest.

   Class 3: The secured claim of John Deere Financial, will receive
payments in the amount of $1,265.76 per month until the claim is
paid in full. The claim will continue to bear interest at the
non-default contract rate of interest.

   Class 4: The secured claim of TCF Financial, Inc., will receive
payments in the amount of $1,051.80 per month until the claim is
paid in full and will bear interest at the contract rate of
interest.

   Class 5: The secured claims of Wells Fargo Equipment Finance
Inc., will receive payments in the amount of $7,500.00 per month
until the claim is paid in full. The claim will continue to bear
interest at the contract rate of interest.

   Class 6: General unsecured claims will be paid 10% of their
claims over a 10-year period with no interest, with monthly
payments to begin 60 days from the confirmation of this Plan.
Additionally, should the Reorganized Debtor make any recovery of
claims which are owned by the Debtor in Possession at the
confirmation date, the net recovery (after costs of prosecution and
payments of secured claims that are secured by those causes of
action) would be payable to unsecured creditors who voted in favor
of the plan as an additional dividend.

Payments and distributions under the Plan will be funded by the
ongoing operations of the business. The company will be managed by
the same management of the Debtor as noted in Section II (B) of
this Disclosure Statement. Their compensation will remain
consistent with that disclosed in Section II(B) of this Disclosure
Statement, as approved by the Bankruptcy Court.

A full-text copy of the Disclosure Statement dated March 21, 2018,
is available at:

            http://bankrupt.com/misc/lawb17-80717-159.pdf

              About Double Eagle Energy Services

Founded in 2006, Double Eagle Energy Services, a company based in
Alexandria, Louisiana, provides general contracting services
including constructing water and sewer mains.

The Debtor filed a Chapter 11 petition (Bankr. W.D. La. Case No.
17-80717) on July 17, 2017. In its petition, the Debtor indicated
$12.41 million in total assets and $13.18 million in total
liabilities. The petition was signed by Joe Ratcliff or Bob
Ratcliff, its owners.

Judge John W. Kolwe presides over the case. Bradley L. Drell, Esq.,
at Gold, Weems, Bruser, Sues & Rundell, serves as the Debtor's
bankruptcy counsel. The Debtor hired Colvin, Smith & McKay as its
special counsel.


DWIGHT REYNOLDS: Hires Susan D. Lasky as Counsel
------------------------------------------------
Dwight Reynolds MD seeks authority from the U.S. Bankruptcy Court
for the Southern District of Florida to employ Susan D. Lasky, PA,
as counsel to the Debtor.

Dwight Reynolds requires Susan D. Lasky to:

   (a) give advice to the Debtor with respect to their powers and
       duties as Debtor and the continued management of her
       financial affairs;

   (b) advise the Debtor with respect to her responsibilities in
       complying with the U.S. Trustee's Operating Guidelines and
       Reporting Requirements and with the rules of the court;

   (c) prepare motions, pleadings, orders, applications,
       adversary proceedings, and other legal documents necessary
       in the administration of the case;

   (d) protect the interest of the Debtor in all matters pending
       before the court;

   (e) represent the Debtor in negotiation with her creditors in
       the preparation of a Plan.

Susan D. Lasky will be paid based upon its normal and usual hourly
billing rates. The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Susan D. Lasky, partner of Susan D. Lasky, PA, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Susan D. Lasky can be reached at:

     Susan D. Lasky, Esq.
     SUSAN D. LASKY, PA
     915 Middle River Dr Suite 420
     Ft Lauderdale, FL 33304
     Tel: (954) 400-7474
     Fax: (954) 206-0628
     E-mail: Sue@SueLasky.com

                   About Dwight Reynolds MD

Dwight C. Reynolds MD, filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Fla. Case No. 18-12431) on March 1, 2018, estimating
under $1 million in both assets and liabilities.  Susan D. Lasky,
PA, is the Debtor's counsel.


EAST NY REALTY: Seeks to Value Deutsche Bank Claim at $510,000
--------------------------------------------------------------
East Ny Realty II, Inc., filed with the U.S. Bankruptcy Court for
the District of New York a plan of reorganization and disclosure
statement.

The Debtor owns certain improved real property located at 633 East
New York Avenue, Apt 4R, Brooklyn, New York (the "Real Property").
The Debtor's Plan is premised upon the Bankruptcy Court's approval
to fix Deutsche Bank's secured claim pursuant to Bankruptcy Code
Section 506(a)(1).

The Debtor seeks to value Deutsche Bank's interest in the Property
at $510,000 for the purpose of its treatment in the Debtors'
Chapter 11 Plan based on Section 506(a)(1).  The Debtor will pay
Deutsche Bank its fixed claim in full within 90 days of the
Effective Date.  The unsecured part of the loan will be treated as
an unsecured class.

In the alternative, the Owner of the Debtor will pay Deutsche Bank
$100,000 in Cash within 60 days of the Effective date, and pay the
fixed mortgage balance of $410,000, at the interest rate of 6.00%,
for a term of 270 months. The unsecured part of the loan will be
treated as an unsecured class.

A full-text copy of the Disclosure Statement dated March 21, 2018,
is available at:

             http://bankrupt.com/misc/nyeb17-44751-48.pdf

                   About East NY Realty II Inc.

East NY Realty II Inc. owns a single-residential condo unit located
at 633 East New York Avenue, Unit 4R, Brooklyn, New York.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. E.D.N.Y. Case No. 17-44751) on September 14, 2017.
Yona Gelernter, authorized representative, signed the petition.

At the time of the filing, the Debtor disclosed that it had
estimated assets and liabilities of less than $500,000.

Judge Carla E. Craig presides over the case.

The Debtor is represented by Kamilla Mishiyeva, Esq., at Mishiyeva
Law, PLLC, in New York.


EINSTEIN HEALTHCARE: Fitch Lowers Revenue Bond Rating to 'BB+'
--------------------------------------------------------------
Fitch Ratings has downgraded the revenue bond rating to 'BB+' from
'BBB' and assigned a 'BB+' Issuer Default Rating (IDR) on the
following bonds issued by Montgomery County Industrial Development
Authority on behalf of Einstein Healthcare Network (EHN) in light
of Fitch's "Rating Criteria for U.S. Not-For-Profit Hospitals and
Health Systems," dated Jan. 9, 2018:

-- $459 million health system revenue bonds, series 2015A.

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

SECURITY

The bonds are secured by a gross revenue pledge and granted
mortgage lien on certain real property.

ANALYTICAL CONCLUSION

The 'BB+' IDR and revenue bond rating reflect Einstein Healthcare
Network's (Einstein or EHN) challenging operating environment,
which leads to modest market position in a highly competitive and
economically challenged area. Further, EHN's is confronted with
operating cost pressures from its constrained payor mix and
workforce environment. The ratings are also based on EHN's weak
financial profile and leverage ratios that are in line with below
investment grade expectations.

The revenue bond rating is also removed from Rating Watch Negative
where it was placed on Sept. 8, 2017 due to the potential risk of
rating transition under Fitch's 'Exposure Draft: U.S.
Not-for-Profit Hospitals and Health Systems Rating Criteria' that
was published on Sept. 6, 2017. Fitch has downgraded the revenue
bond rating due to EHN's weak revenue defensibility and weak
financial profile assessments under Fitch's final 'U.S.
Not-for-Profit Hospitals and Health Systems Rating Criteria' that
was published on Jan. 9, 2018, which places a heightened emphasis
on maintenance of leverage ratios and liquidity consistent with the
operating profile through the cycle in Fitch's rating case.

KEY RATING DRIVERS

Revenue Defensibility: 'bb'; Challenging Operating Environment with
Restrictive Payor Mix

EHN's revenue defensibility is weak, given its position in a highly
competitive service area coupled with overall weak demographics and
poor economic factors. In its Philadelphia primary service area,
EHN secures a leading albeit modest 18% inpatient market share with
the next closest competitor at 14%. EHN's revenue source
characteristics are restrictive as governmental payors account for
68% of gross revenues with Medicaid and self-pay accounting for a
high 32% of gross revenues.

Operating Risk: 'bbb'; Expectation for Stabilized Financial
Performance

Fitch expects EHN's operating performance to stabilize following
current revenue enhancement and cost saving initiatives. Labor cost
pressures and shifts in patient volumes to outpatient settings have
pressured operations over the last few years. EHN produced a 5.3%
operating EBITDA margin and 5.2% EBITDA margin in fiscal 2017,
declining from a respective 7.8% and 8.0% in fiscal 2016 and a
respective 7.6% and 11.3% in fiscal 2015. Capital expenditure
requirements are expected to be manageable with mostly routine
spending expected over the next several years.

Financial Profile: 'bb'; Weak Financial Profile; Marginal
Improvement Through the Cycle

EHN's liquidity profile and leverage metrics have weakened over the
past five years. The financial profile softens in the early years
of a standard stress scenario where economic and investment
performance is negatively affected, but rebounds to around current
levels through the cycle.

Asymmetric Additional Risk Considerations
There are no asymmetric risk considerations affecting the IDR and
revenue bond rating determination.

RATING SENSITIVITIES

OPERATING PERFORMANCE AND LEVERAGE PROFILE: Fitch expects EHN's
operating profitability to stabilize in fiscal 2018 and rebound
thereafter given a comprehensive improvement program that was
initiated last year. However, if earnings weaken to a point where
EHN's leverage profile is negatively affected, rating pressure
could occur. Upward rating movement could arise if EHN's operating
performance and cash flow results in strengthened leverage metrics
and liquidity growth that are more in line with investment grade
expectations.


EMBLEMHEALTH INC: A.M. Best Lowers Financial Strength Rating to C+
------------------------------------------------------------------
A.M. Best has removed from under review with negative implications
and downgraded the Financial Strength Rating to C+ (Marginal) from
C++ (Marginal) and the Long-Term Issuer Credit Rating to "b-" from
"b+" of Health Insurance Plan of Greater New York, HIP Insurance
Company of New York, Group Health Incorporated and ConnectiCare,
Inc. (Farmington, CT) (collectively referred to as EmblemHealth).
All companies are subsidiaries of EmblemHealth, Inc. and domiciled
in New York, NY, unless otherwise specified. The outlook assigned
to these Credit Ratings (ratings) is negative.

The ratings were placed under review with negative implications on
Oct. 13, 2017, following the release of the updated Best's Credit
Rating Methodology (BCRM). The current rating actions follow the
completion of A.M. Best's analysis of EmblemHealth under the
updated BCRM.

The ratings reflect EmblemHealth's balance sheet strength, which
A.M. Best categorizes as very weak, as well as its marginal
operating performance, neutral business profile and marginal
enterprise risk management (ERM). The negative outlook reflects
A.M. Best's concerns that the balance sheet strength will continue
to be very weak due to uncertainty about management's ability to
improve capitalization while achieving business growth over the
medium term.

EmblemHealth's combined capital and surplus has been negatively
impacted by continued underwriting losses and restructuring costs
related to its business and technology transformation. The level of
capital and surplus of Health Insurance Plan of Greater New York
fell below its statutory requirement as of Dec. 31, 2016, and as a
result, the company filed a plan of surplus restoration with the
New York State Department of Financial Services. The plan calls for
meeting the state's statutory reserve requirement over a three-year
period and to comply with a reduced statutory reserve requirement.
The capital and surplus of Health Insurance Plan of Greater New
York exceeded the reduced requirement at year-end 2017. All other
EmblemHealth companies exceed their statutory reserve requirements.
Additionally, EmblemHealth has limited access to capital and modest
financial flexibility given its capital levels at its other
insurance entities.

Although A.M. Best expects EmblemHealth's operating performance to
improve, results are likely to remain insufficient to materially
improve risk-adjusted capital over the near to medium term.
However, the company's solid market share in the Greater New York
area, including the contract for the City of New York account, is
supportive of the neutral business profile assessment. Furthermore,
EmblemHealth's affiliation with Advantage Care Physicians, a
physician practice with multiple locations in New York City,
provides a competitive advantage in delivering quality primary
care-focused services to customers in all lines of business.


EXGEN TEXAS: Exclusive Plan Filing Period Extended Until June 5
---------------------------------------------------------------
The Hon. Brendan L. Shannon of the U.S. Bankruptcy Court for the
District of Delaware has extended by 90 days the Exclusive Filing
Period for ExGen Texas Power, LLC and its affiliates to file
Chapter 11 Plan through and including June 5, 2018; and the
Exclusive Solicitation Period through and including August 6,
2018.

                    About ExGen Texas Power

ExGen Texas Power, LLC, et al., operate as subsidiaries of Exelon
Generation Company, LLC, which is a unit of Chicago, Illinois-based
energy giant Exelon Corp. (NYSE:EXC). EGTP owns 100% of the
equityin five direct subsidiaries, each of which owns a separate
gas-fired generation project:

    Debtor-Subsidiary       Project and Location
    -----------------       --------------------
  Wolf Hollow I Power, LLC    639 MW Plant in Granbury, TX
  Colorado Bend I Power, LLC  454 MW Plant in Wharton, TX
  Handley Power, LLC          1,265 MW Plant in Fort Worth, TX
  Mountain Creek Power, LLC   808 MW Plant in Dallas, TX
  LaPorte Power, LLC          147 MW Plant in LaPorte, TX

EGTP and its five subsidiaries sought Chapter 11 protection (Bankr.
D. Del. Lead Case No. 17-12377) on Nov. 7, 2017, with a plan that
would turnover ownership of four plants to lenders in exchange for
debt, and a deal to sell the Handley Power plant to parent Exelon
Generation Company, LLC.

Direct parent Exelon Generation Company and ultimate parent Exelon
Corp. are not debtors in the Chapter 11 cases.

EGTP estimated $100 million to $500 million in assets and $500
million to $1 billion in debt.

The Hon. Brendan Linehan Shannon is the case judge.

The Debtors tapped Richards, Layton & Finger, P.A. as counsel;
Scotia Capital (USA) Inc., as investment banker; FTI Consulting,
Inc., as restructuring advisors; and Kurtzman Carson Consultants
LLC as claims agent.  KCC maintains the case web site
http://www.kccllc.net/egtp      

Counsel to Exelon Generation Company is DLA Piper LLP (US). Counsel
to the Secured Agent is Norton Rose Fulbright US LLP.  Counsel to
the Ad Hoc Committee is Wachtell, Lipton, Rosen & KaTz.


FORASTERO INC: Case Summary & 3 Unsecured Creditors
---------------------------------------------------
Debtor: Forastero, Inc.
        2 Tahiti Beach Island Road
        Coral Gables, FL 33143

Case No.: 18-13397

Type of Business: Forastero, Inc. listed its business as a
                  Single Asset Real Estate (as defined in 11
                  U.S.C. Section 101(51B)).

Chapter 11 Petition Date: March 23, 2018

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

Judge: Hon. Robert A Mark

Debtor's Counsel: Richard R. Robles, Esq.
                  LAW OFFICES OF RICHARD R. ROBLES, P.A.
                  905 Brickell Bay Dr #228
                  Miami, FL 33131
                  Tel: (305) 755-9200
                  E-mail: rrobles@roblespa.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Marie C. Vallejo, authorized
representative.

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

           http://bankrupt.com/misc/flsb18-13397.pdf

List of Debtor's Three Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Areces Rodriguez, P.A.                Services           $14,000
1 SE 3rd Avenue, Suite 2920
Miami, FL 33131

Fernando Fraiz                          Loans            Unknown
2 Tahiti Beach Island Road
Coral Gables, FL 33143

Internal Revenue Service                Taxes            Unknown
SPF- Bankruptcy
P.O. Box 17167, Stop 5730
Attention Bankruptcy Unit
Fort Lauderdale, FL 33318


FRANK W. KERR: Claim Barred by Applicable Statute of Repose
-----------------------------------------------------------
In the case captioned Frank W. Kerr Company, Plaintiff, v. Sav-Mor
Franchising, Inc., Defendant, Case No. 16-cv-13880 (E.D. Mich.),
District Judge Judith E. Levy entered an order denying the
plaintiff's motion summary judgment and granting in part and
denying in part the defendant's motion for summary judgment.

The plaintiff sought to recover on an alleged breach of contract by
defendant Sav-Mor Franchising. In short, the parties entered into
an on-demand promissory note in the amount of $317,195.14 on Feb.
8, 2000. On Oct. 12, 2016, plaintiff made a demand for payment of
what it claimed was the remaining balance on the note of $265,783,
plus interest.  Defendant refused to make payment on the note.
Plaintiff filed suit on Nov. 1, 2016, alleging a single breach of
contract claim. Defendant filed a counterclaim on Dec. 14, 2016,
alleging four state-law counts.  

The plaintiff filed a motion for summary judgment on its breach of
contract claim and the defendant filed a motion for summary
judgment on plaintiff’s breach of contract claim and
counterclaims for breach of fiduciary duty and fraud.

The primary issue with regard to the breach of contract claim is
whether the statute of limitations or statute of repose applicable
to notes in Michigan has run. Defendant argues that this statute
contains both a six-year statute of limitations and a ten-year
statute of repose and that both have run. Plaintiff argues that
both periods are statutes of limitations and that either one can be
revived either through a payment or acknowledgment of the debt
after either period has run.

Plaintiff also argues that the $51,411.75 credit referenced in the
Jan. 29, 2012 and August 7, 2012 letters from Yvonne Gallagher,
defendant's executive vice president, to plaintiff serves to revive
the claim against defendant because it constituted a payment. In
Michigan, "[t]he effect of a payment under the statute [of
limitations applicable to a breach of contract claim] is equivalent
to a new promise." It is unclear whether this rule, applicable to
the statute of limitations for a breach of contract claim, applies
to the statute of limitations for an action based on a note, the
latter of which was enacted in 1993.

It is also unclear whether a credit constitutes a payment, or what,
precisely, the credit at issue in this case actually is. Plaintiff
explains nothing about the origin of this credit. Typically, a
credit is provided by the creditor to the debtor, and is not
necessarily a "payment." The Jan. 19, 2012 letter is annotated with
what appear to be several electronically generated notes. In
particular, one note states that "[b]ased on discussion with Ted
Toloff, CFO of Frank W. Kerr Company and Rebecca Scicluna,
Accountant, Sav-Mor and Kerr agreed to offset $51,412 of the
$76,900 receivable against the loan. Decision was made at the
4/18/12 board meeting."

Plaintiff does not explain who Scicluna is, or whether she had the
authority to bind defendant to any agreement regarding the
application of this credit. Plaintiff does not explain how an
agreed-upon reduction in the amount of a debt constitutes a payment
of that debt. Plaintiff does not explain how defendant could have
agreed to apply the credit in January 2012, when the agreement to
apply the credit was not reached until April 2012, or why defendant
would have generated another letter four months after that
agreement asking plaintiff to verify the agreement for an audit
that began in January 2012. At the very least, there is a genuine
issue of material fact regarding whether the credit constituted a
payment, and if defendant ever agreed to use the credit in this
manner. However, because the payment could only revive the claim
under the statute of limitations, and not the statute of repose, it
would not matter either way, because the claim is barred by the
statute of repose.

Plaintiff also argues that its claim may be revived even though it
is barred, due to the operation of MICH. COMP. LAWS section
600.5866. However, that statute only applies to actions based on
contracts barred by the period of limitation, not a period of
repose. Accordingly, it is inapplicable to the absolute bar on
plaintiff's claim, and the claim is untimely.

To the extent the August 7, 2012 letter from Gallagher could serve
as an acknowledgment of the debt, summary judgment in plaintiff's
favor would still not be warranted. Gallagher has submitted an
affidavit stating that the letter in question was a form letter she
received, provided by defendant's auditor and plaintiff.  She
states that the version of the letter she filled out contained no
information relating to the note at issue in this case, but instead
had only blanks she believes plaintiff later filled in. The letters
themselves, on their face, appear to have been altered by plaintiff
or some other party to evidence an agreement between plaintiff and
an accountant, with no explanation of that accountant's
relationship to defendant.

Despite the plaintiff's arguments, the claim is still barred by the
applicable statute of repose. Even if the Court could find that
there was no genuine issue of material fact regarding the credit as
a "payment" or defendant's "acknowledgments" of the note (and there
certainly are such issues), those facts could not revive a claim
that is otherwise absolutely barred. Accordingly, summary judgment
is granted to defendant on plaintiff's breach of contract claim.

Regarding the defendant's counterclaim, the defendant has failed to
provide any proof that plaintiff made a false statement (or any
specific statement whatsoever), to establish what material role the
statement would have played in the ill-defined relationship between
the three (or two) entities involved here, or to explain the harm
it experienced, thus the Court cannot grant summary judgment to
defendant on its fraud count.

A full-text copy of Judge Levy's Opinion and Order dated March 2,
2018 is available at https://is.gd/ulKCFE from Leagle.com.

FRANK W. KERR COMPANY, Plaintiff, represented by Jayson B. Ruff --
jruff@mcdonaldhopkins.com -- McDonald Hopkins & John E. Benko --
jbenko@mcdonaldhopkins.com -- McDonald Hopkins PLC.

SAV-MOR FRANCHISING, INC., Defendant, represented by Paul Campbell
Mallon -- pmallon@fraserlawfirm.com -- Fraser Trebilcock Davis &
Dunlap P.C., Jonathan T. Walton, Jr. -- jwalton@fraserlawfirm.com
-- Walton & Donnelly & Laura Donnelly Faussie  --
lfaussie@fraserlawfirm.com -- Fraser Trebilcock Davis & Dunlap,
PC.

                  About Frank W. Kerr Company

Frank W. Kerr Company filed a chapter 7 petition on Aug. 23, 2016.
The Debtor consented to and the Court entered an order for relief
under Chapter 11, converting the case to a Chapter 11 proceeding
(Bankr. E.D. Mich. Case No. 16-51724) on Sept. 19, 2016.

The Debtor was founded in 1913 and was one of the largest
independent pharmaceutical wholesalers in the United States,
operating its business from an owned facility in Novi, Michigan.
The Debtor's customers through the years included many local and
national chains, like Revco, Cunningham Drug, Apex, Kmart, Arbor,
Meijer, Inc., and Sav-Mor Drugs.  It provided retail customers with
brand and generic pharmaceuticals, over-the-counter drugs, private
label goods, sundries and promotional programs.

The Debtor is represented by Stephen M. Gross, Esq., and Jayson B.
Ruff, Esq., at McDonald Hopkins PLC.  Epiq Bankruptcy Solutions,
LLC, serves as the Debtor's noticing, claims and balloting agent.
The Debtor hired Conway Mackenzie Management Services, LLC, as
restructuring consultant and Jeffrey K. Tischler as chief
restructuring officer.

On Sept. 28, 2016, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors. The Committee has tapped
Lowenstein Sandler LLP as lead counsel; Wolfson Bolton PLLC as
local counsel; and BDO USA, LLP, as financial advisor.

On Sept. 27, 2017, the Court entered an Order Granting Final
Approval of Disclosure Statement and Confirming Debtor's Combined
Plan of Liquidation.  The Court set the last day to object to the
case closing is Nov. 27.


FRESH MARKET: S&P Raises Corp. Credit Rating to 'CCC', Outlook Neg.
-------------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on
Greensboro, N.C.-based The Fresh Market Inc. to 'CCC' from 'CCC-'.
The outlook is negative.

S&P said, "At the same time, we assigned our 'B-' issue-level
rating and '1' recovery rating to the new notes. The '1' recovery
rating indicates our expectation for very high (90%-100%; rounded
estimate: 95%) recovery in the event of a payment default.

"Additionally, we are raising our issue-level rating on the senior
secured notes due 2023 to 'CCC' from 'CCC-' and revising our
recovery rating to '4' from '3', indicating our expectation for
average (30%-50%; rounded estimate: 45%) recovery in the event of a
default.

"The upgrade reflects our assessment of The Fresh Market's improved
liquidity position following the capital raised from the new super
senior secured notes. We view the transaction as a means for the
company to secure additional liquidity, as its ability to draw on
its previous $100 million secured revolving credit facility had
become constrained because of a financial maintenance covenant
restriction. Although liquidity has improved, in our opinion, we
continue to believe the company's capital structure is
unsustainable and the risk of a distressed exchange remains
elevated if operating results do not improve meaningfully. However,
we do not expect a restructuring to occur over the next six months
as the proceeds from the note issuance provides the management team
additional runway to implement its turnaround initiatives.

"The negative outlook reflects our view that operating results will
remain challenged over the next 12 months as a tough operating
environment inhibits The Fresh Market's turnaround efforts, making
it difficult for credit metrics to return to more sustainable
levels. We expect the company's very high interest burden will
consume the majority of its cash flow and its financial flexibility
will remain limited.

"We could lower our rating if the company's operating results
weaken such that we believe a covenant breach is likely to occur,
liquidity deteriorates, or we believe the company would use
liquidity for a distressed exchange within the next six months.

"We could raise the rating one notch if the company's turnaround
efforts gain traction and operating results strengthen, including
positive same-store sales growth, stabilizing margins, and
improving cash flow generation."  


GREAT SOUTHERN: Hires Postlethwaite & Netterville as Accountant
---------------------------------------------------------------
Great Southern Galvanizing, LLC, d/b/a Great States Galvanizing,
seeks authority from the U.S. Bankruptcy Court for the Middle
District of Louisiana to employ Postlethwaite & Netterville, as
accountant to the Debtor.

Great Southern requires Postlethwaite & Netterville to:

   a. give the Debtor accounting advice and services with respect
      to the Debtor's powers and duties as a debtor-in-possession
      in the continued operation of the Debtor's business and
      management of the Debtor's property; and

   b. perform all accounting services for the debtor-in-
      possession.

Postlethwaite & Netterville will be paid at the hourly rates of
$100-$310.

Postlethwaite & Netterville was a creditor with a prepetition
amount owed of $24,275, but agreed to write this receivable off in
order to be disinterested.

Postlethwaite & Netterville will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Randall Plaisance, partner of Postlethwaite & Netterville, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Postlethwaite & Netterville can be reached at:

     Randall Plaisance
     POSTLETHWAITE & NETTERVILLE
     8550 United Plaza Blvd., Suite 1001
     Baton Rogue, LA 70809
     Tel: (225) 922-4600
     Fax: (225) 922-4611

               About Great Southern Galvanizing

Based in Zachary, Louisiana, Great Southern Galvanizing, LLC --
http://www.gsgalv.com/-- offers galvanizing for structural steel
and fasteners.

Great Southern Galvanizing filed a Chapter 11 petition (Bankr. M.D.
La. Case No. 18-10259) on March 13, 2018.  In the petition signed
by Linda Phillips, bookkeeper, the Debtor estimated $10 million to
$50 million in both assets and liabilities.  Paul Douglas Stewart,
Jr., Esq., at Stewart Robbins & Brown, LLC, serves as bankruptcy
counsel to the Debtor.


HANKAM HOLDINGS: Hires Eric A. Liepins as Counsel
-------------------------------------------------
Hankam Holdings, PLLC, seeks authority from the U.S. Bankruptcy
Court for the Eastern District of Texas to employ Eric A. Liepins,
P.C., as counsel to the Debtor.

Hankam Holdings requires Eric A. Liepins to represent the Debtor
and provide legal services in connection with the Chapter 11
bankruptcy proceedings.

Eric A. Liepins will be paid based upon its normal and usual hourly
billing rates. Eric A. Liepins will be paid a retainer in the
amount of $5,000.  The firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Eric A. Liepins, a partner at Eric A. Liepins, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Eric A. Liepins can be reached at:

     Eric A. Liepins
     ERIC A. LIEPINS, P.C.
     12770 Coit Road, Suite 1100
     Dallas, TX 75251
     Tel: (972) 991-5591
     Fax: (972) 991-5788

                       About Hankam Holdings

Hankam Holdings, PLLC, filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Tex. Case No. 18-40546) on March 14, 2018, estimating
under $1 million in both assets and liabilities.  The Debtor is
represented by Eric A. Liepins, Esq., at Eric A. Liepins, P.C.


JET MIDWEST: Hires Polsinelli PC as Counsel
-------------------------------------------
Jet Midwest Group, LLC, seeks authority from the U.S. Bankruptcy
Court for the District of Delaware to employ Polsinelli PC, as
counsel to the Debtor.

Jet Midwest requires Polsinelli PC to:

   a. take all necessary action to protect and preserve the
      estates of the Debtor, including the prosecution of actions
      on the Debtor's behalf, the defense of any actions
      commenced against the Debtor, the negotiation of disputes
      in which the Debtor is involved, and the preparation of
      objections to claims filed against the Debtor's estates;

   b. provide legal advice with respect to the Debtor's powers
      and duties as debtor in possession in the continued
      operation of its business;

   c. prepare on behalf of the Debtor, as debtor in possession,
      necessary motions, applications, answers, orders, reports,
      and other legal papers in connection with the
      administration of the Debtor's estate;

   d. appear in court and protecting the interests of the Debtor
      before the Bankruptcy Court;

   e. assist with any disposition of the Debtor's assets, by sale
      or otherwise;

   f. take all necessary or appropriate actions in connection
      with any plan of reorganization and related disclosure
      statement and all related documents, and such further
      actions as may be required in connection with the
      administration of the Debtor's estate;

   g. review all pleadings filed in the Chapter 11 Case; and

   h. perform all other legal services in connection with the
      Chapter 11 Case as may reasonably be required.

Polsinelli PC will be paid at these hourly rates:

     Shareholders                    $450 to $750
     Associates                      $250 to $450
     Paraprofessionals               $200 to $250

Prior to the Petition Date, the Debtor paid Polsinelli PC a total
of $100,000 in connection with the planning and preparation of
initial bankruptcy documents and its proposed post-petition
representation of the Debtor.  As of the Petition Date, Polsinelli
PC continues to hold $43,252 under the retainer, which will
constitute a general retainer as security for postpetition services
and expenses.
Polsinelli PC will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Christopher A. Ward, shareholder of Polsinelli PC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtor and its estates.

Polsinelli PC can be reached at:

     Christopher A. Ward, Esq.
     Shanti M. Katona, Esq.
     POLSINELLI PC
     222 Delaware Avenue, Suite 1101
     Wilmington, DE 19801
     Tel: (302) 252-0920
     Fax: (302) 252-0921
     E-mail: cward@polsinelli.com
             skatona@polsinelli.com

                   About Jet Midwest Group

Jet Midwest Group, LLC -- http://www.jetmidwestgroup.com/-- is a
global, multifaceted, aircraft service provider.  The Company is a
full-service commercial aircraft, engine, and spare parts trading
company, offering creative product support solutions and
maintenance services.  The Company was founded in 1997 and is
headquartered in Wilmington, Delaware.

Jet Midwest Group sought Chapter 11 bankruptcy protection (Bankr.
D. Del. Case No. 18-10395) on Feb. 26, 2018.  In the petition
signed by COO Karen Kraus, the Debtor estimated $10 million to $50
million in assets and $10 million to $50 million in liabilities.

The Hon. Kevin Carey presides over the case.

Christopher A. Ward, Esq., of Polsinelli PC, is the Debtor's
counsel.


JILL ACQUISITION: S&P Assigns 'B' Corp. Credit Rating, Outlook Neg.
-------------------------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to Jill
Acquisition LLC, the borrowing subsidiary of Quincy, Mass.-based
apparel retailer J.Jill Inc. The outlook is negative. Additionally,
S&P has withdrawn its ratings on Jill Holdings LLC, the former
parent of Jill Acquisition LLC.

S&P said, "At the same time, we affirmed our 'B' issue-level rating
on Jill's secured term loan facility. The recovery rating of '3' is
unchanged and indicates our expectation for meaningful (50%-70%;
rounded estimate: 55%) recovery in the event of a payment default.

"The negative outlook reflects our expectation that Jill's
operating performance will weaken over the next 12 months, driven
by heavier promotional activity to clear aging inventory and
challenges associated with the company's new website. This follows
Jill's guidance for the first fiscal quarter 2018, in which the
company indicated that comparable sales will likely fall in the
mid-single-digit range and gross margins could decline about 300
basis points (bps) relative to the same period last year. We
believe the merchandise misstep from last year will continue to
adversely affect operating performance, particularly at the direct
channel, over the next couple of quarters. Additionally, although
management has taken steps to improve some aspects of customer
experience on the company's new website, we think customer
engagement and revenue growth will remain challenged over the short
term, as customers become familiar with the new website.

"The negative outlook reflects our expectation that performance
will be under pressure over the next several quarters because of
recent operating issues, and also takes into account the
uncertainty around the timing and extent of recovery from these
issues. We expect credit metrics will deteriorate over the
next 12 months, with FFO to debt in the low-18% area, and FCC ratio
of about 2.0x at the end of fiscal 2018..

"We could lower the rating if the company cannot address its recent
operating issues and performance deteriorates at a rate worse than
our expectations, such that FFO to debt approaches the low-teens
percentage area, the FCC ratio drops to the high 1.0x area, and/or
if liquidity weakens with significantly lower cash flow generation
and tightened covenant cushion. This scenario would be the result
of a sustained decline in comparable sales in 2018, and a 200-bp
decrease in adjusted EBITDA margin to the low-17.0% area.

"We could revise the outlook to stable if the company manages to
stabilize operating performance, such that credit metrics would
modestly improve, including FFO to debt approaching 19%, and FCC
ratio of about 2.1x or better. This would likely be driven by
effective resolution of the merchandise misstep from last year and
improved customer engagement on the new website, resulting in
modestly positive comparable sales growth in 2018, and a 100-bp
improvement above our adjusted EBITDA margin to the 20% area."


K & T DYSON: Case Summary & 7 Unsecured Creditors
-------------------------------------------------
Debtor: K & T Dyson Trucking LLC
        45478 Happyland Rd
        Valley Lee, MD 20692

Business Description: K & T Dyson Trucking LLC is a privately held

                      company in Valley Lee, Maryland that
                      operates in the waste collection industry.

Chapter 11 Petition Date: March 26, 2018

Case No.: 18-13945

Court: United States Bankruptcy Court
       District of Maryland (Baltimore)

Debtor's Counsel: John C. Gordon, Esq.
                  JOHN C. GORDON, PA
                  736 Ticonderoga Ave
                  Severna Park, MD 21146-3918
                  Tel: 410-340-0808
                  Fax: 410-544-1244
                  E-mail: johngordon@me.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kevin D. Dyson, president/CEO.

A full-text copy of the petition containing, among other items, a
list of the Debtor's seven unsecured creditors is available for
free at: http://bankrupt.com/misc/mdb18-13945.pdf


KEMPER CORP: Fitch Affirms BB Rating on $144MM Subordinated Notes
-----------------------------------------------------------------
Fitch Ratings has affirmed the Insurer Financial Strength (IFS)
ratings of Kemper Corporation's (Kemper) operating subsidiaries at
'A-' (Strong) and its holding company ratings, including the senior
debt rating at 'BBB-'. The Rating Outlook is Stable.  

Fitch recently affirmed the ratings of Kemper and its subsidiaries
on Feb. 13, 2018, following the announcement of its proposed
acquisition of Infinity Property Casualty Corporation (IPCC).

KEY RATING DRIVERS

The ratings affirmation is part of Fitch's annual review process.
Kemper's property/casualty (P/C) ratings reflect improved
underlying underwriting results, volatile earnings profile caused
by natural catastrophe exposures and modest debt servicing
capability. The ratings also consider the company's strong
capitalization and business profile as a midsize personal lines
writer with a competitive position consistent with the company's
IFS rating.

Kemper's life/health segment (United Insurance Co. of America and
its subsidiaries) ratings reflect continued stable underlying
earnings, strong capitalization, and effective niche in the home
service market, albeit a slow-growth market. The group has been a
steady source of capital for Kemper, with dividend capacity to
support parent objectives. Fitch views United and its subsidiaries'
ratings as limited by its modest business profile relative to
larger, national peers.

Kemper reported a GAAP calendar-year combined ratio in 2017 that
matched the prior at 105.6%. Underwriting results were affected by
catastrophe losses of $179 million, primarily related to two
California wildfires and a Texas hailstorm which added 10.3 points
to the combined ratio, up from 6.8 points in 2016. Underlying
results excluding catastrophe losses and reserve development
improved to 94.2% in 2017, down from 99.7% in 2016, as Kemper
reported personal auto rate improvement and more favorable loss
experience.

If Kemper is able to successfully integrate the strong underwriting
that comes with IPCC's business, Fitch would expect to have a more
positive view of Kemper's future financial performance, which is
the credit factor with the highest influence on Kemper's ratings.

Financial leverage at Dec. 31, 2017 was 24.4% and remains within
median guidelines for the current rating category. Following the
Infinity transaction, which is expected to close in the third
quarter of 2018, the combined company's financial leverage is
expected to temporarily increase to the high 20's but remain within
rating sensitivities for the current rating category. The GAAP
fixed-charge coverage ratio increased to 4.4x in 2017 from 1.1x for
2016, due to improved earnings and lower interest expense reported
during the year.

During 2018, the company's operating subsidiaries are permitted to
pay approximately $201 million in dividends to its parent without
prior regulatory approval, which would cover Kemper's interest
expense by approximately 6x.

Kemper reported adverse calendar-year reserve development in 2017
on its property/casualty business for the first time since 2003,
following modest reserve releases in 2016 and 2015. Adverse reserve
development (including catastrophe reserve development) was $19.5
million in 2017, driven primarily by preferred personal automobile
insurance. Kemper has reported unfavorable reserve trends in recent
periods as the industry has experienced increasing frequency and
severity trends in the personal and commercial auto segments in
recent accident years, but Fitch considers the company's reserve
position to be adequate in total.

RATING SENSITIVITIES

Factors that could lead to an upgrade of Trinity Universal
Insurance Co. and Kemper's holding company ratings include:

-- Business profile enhancement with the successful integration
    of IPCC leading to long-term financial performance
    improvement.
-- Sustained underwriting profit;
-- GAAP fixed-charge coverage at or above 7x;
-- Maintaining a Prism score of at least 'Strong'.

Factors that could lead to a downgrade of Trinity Universal
Insurance Co. and Kemper's holding company ratings include:

-- GAAP fixed-charge coverage below 3x;
-- A combined ratio above 106% for a sustained period;
-- Deterioration in capitalization with a P/C Prism capital model

    score below 'Strong';
-- RBC for the P/C entities below 200%;
-- Financial leverage ratio that exceeds 30%.

Factors that could lead to an upgrade for the United Insurance Co.
and its subsidiaries include:

-- Sustained improvement in profitability as measured by return
    on statutory total adjusted capital above 15%.

Factors that could lead to a downgrade for the United Insurance Co.
and its subsidiaries include:

-- A decline in RBC below 300% of the company action level;
-- A sustained decline in profitability resulting in a return on
    capital below 5%.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings with a Stable Outlook:

Kemper Corporation

-- Issuer Default Rating at 'BBB';
-- $448 million senior notes 4.35% due 2025 at 'BBB-';
-- $225 million credit facility at 'BBB-';
-- $144 million subordinated notes due 2054 at 'BB'.

Trinity Universal Insurance Co.
United Insurance Co. of America
Union National Life Insurance Co.
Reliable Life Insurance Co.

-- IFS rating at 'A-'.


M&G USA: Consortium to Buy Corpus Christi Plant for $1.25 Bil.
--------------------------------------------------------------
Suzanne Freeman, writing for 101CorpusChristi.com, reports that
Corpus Christi Polymers LLC, a newly formed company, has entered
into an agreement to purchase M&G USA Corp.'s partially completed
plastics manufacturing plant known as Project Jumbo in Corpus
Christi, Texas.

The report says Corpus Christi Polymers bid $1.25 billion in cash,
along with other capital contributions not detailed.  The newly
formed company is made up of three entities:

     -- Alpek S.A.B. de C.V., a Mexican chemical manufacturing
company;

     -- Indorama Ventures Holdings LP, a Bangkok-based materials
company; and

     -- Far Eastern Investment Holding Limited.

The three partners will produce raw materials independently and
receive one-third of the capacity of its PET and PTA products.

The report notes the M&G plastics plant was about 85% complete when
the company filed for Chapter 11 bankruptcy in October 2017.

                  About M & G USA Corporation

Founded in 1953, M&G Group is a privately owned chemical company in
Italy and is controlled through the holding company M&G Finanziaria
S.p.A.  The M&G Group -- specifically, its chemicals division, is a
producer of polyethylene terephthalate resin for packaging
applications.

M & G USA Corporation and affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 17-12307) on Oct. 30, 2017.

In the petition signed by CRO Dennis Stogsdill, the Debtors
estimated $1 billion to $10 billion both in assets and
liabilities.

Judge Brendan L. Shannon presides over the cases.

Jones Day is the Debtors' bankruptcy counsel.  The Debtors hired
Pachulski Stang Ziehl & Jones LLP as conflicts counsel and
co-counsel; Crain Caton & James, P.C., as special counsel; Alvarez
& Marsal North America, LLC as restructuring advisor; Rothschild
Inc. and Rothschild S.p.A. as financial advisors and investment
bankers; and Prime Clerk LLC as administrative advisor.

On Nov. 13, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Committee retained
Milbank, Tweed, Hadley & McCloy LLP as its legal counsel; Cole
Schotz, as Delaware co-counsel; Berkeley Research Group, LLC, as
financial advisor; and Jefferies LLC, as investment banker.


M.S. MOELLER CABINETRY: Hires Miller & Miller as Counsel
--------------------------------------------------------
M.S. Moeller Cabinetry & Millwork, Inc., seeks authority from the
U.S. Bankruptcy Court for the District of Maryland to employ Miller
& Miller, LLP, as counsel to the Debtor.

M.S. Moeller Cabinetry requires Miller & Miller to:

   a) advise the Debtor with respect to its powers and duties as
      debtor and debtor-in-possession;

   b) prepare and file Motion for Debtor's Use of Cash Collateral
      and to Provide Adequate Protection to lien creditors as
      well as any other necessary preliminary motions;

   c) negotiate with representatives of creditors and other
      parties in interest and advise and consult on the conduct
      of the case, including all legal and administrative
      requirements of Chapter 11;

   d) take all necessary action to protect and preserve the
      Debtor's estate, including the prosecution of actions on
      its behalf, the defense of any actions commenced against
      the estate, negotiations concerning all litigation in which
      the Debtor may be involved, and objections to claims filed
      against the estate;

   e) prepare on behalf of the Debtor all motions, applications,
      answers, orders, reports, and papers necessary to the
      administration of the estate;

   f) negotiate and prepare on the Debtor's behalf one or more
      plans of reorganization, a disclosure statement, and all
      related agreements and documents and take any necessary
      action on behalf of the Debtor to obtain confirmation of
      such plans;

   g) advise the Debtor in connection with the sale or other
      disposition of assets; and

   h) appear before the Bankruptcy Court, any state court in any
      matters related to this case, any appellate courts, and the
      U.S. Trustee, and protect the interest of the Debtor's
      Estate before them and provide necessary legal advice to
      the Debtor in connection with its Chapter 11 case.

Miller & Miller will be paid at the hourly rate of $250.

The Debtor paid Miller & Miller an initial retainer in the amount
of $7,000.  The Debtor has paid $4,683 of the retainer and the
filing fee of $1,717 and will pay the retainer balance of $2,317 on
or before May 3, 2018.

Miller & Miller will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Edward M. Miller, a partner at Miller & Miller, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtor and its estates.

Miller & Miller can be reached at:

     Edward M. Miller, Esq.
     MILLER & MILLER, LLP
     39 N. Court St.
     Westminster, MD 21157
     Tel: (410) 751-5444
     E-mail: mmllplawyers@verizon.net

            About M.S. Moeller Cabinetry & Millwork

M.S. Moeller Cabinetry & Millwork, Inc., filed a Chapter 11
bankruptcy petition (Bankr. D. Md. Case No. 18-12888) on March 6,
2018.  The Debtor is represented by Miller & Miller, LLP.


MIAMI INTERNATIONAL: Hires BKD LLP as Accountant
------------------------------------------------
Miami International Medical Center, LLC, d/b/a The Miami Medial
Center, seeks authority from the U.S. Bankruptcy Court for the
Southern District of Florida to employ BKD, LLP, as accountant to
the Debtor.

Miami International requires BKD, LLP to:

   -- prepare or review the monthly operating reports required by
      the Bankruptcy Court, as requested by the Debtor;

   -- prepare or review the financial budgets, projections,
      project cost and profitability estimates, as requested by
      the Debtor;

   -- provide assistance in developing or review plans of
      reorganization or disclosure statements, including tax
      ramifications, as requested by the Debtor;

   -- provide other bankruptcy related services to facilitate a
      Plan of Reorganization, as requested by the Debtor;

   -- render tax compliance filings and matters, as requested by
      the Debtor; and

   -- review and analyze the reporting of any DIP financing
      arrangements and budgets, as requested by Debtor.

BKD, LLP will be paid based upon its normal and usual hourly
billing rates, not to exceed $15,500.

On March 8, 2018, the Debtor owed BKD, LLP, the amount of $10,025.
The Debtor paid BKD, LLP $8,000 on the same date, leaving a balance
of $2,025, that remained owed as of the petition date.

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Kevin E. Cook, partner of BKD, LLP, assured the Court that the firm
is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtor and its estates.

BKD, LLP, can be reached at:

         Kevin E. Cook
         BKD, LLP
         1201 Walnut Street, Suite 1700
         Kansas City, MO 64106-2246
         Tel: (816) 221-6300
         Fax: (816) 221-6380

            About Miami International Medical Center

Miami International Medical Center, LLC, which does business under
the name The Miami Medical Center
--http://www.miamimedicalcenter.com/-- is a 67-bed hospital
located at 5959 N.W. Seventh St. Miami, Florida.  The hospital
temporarily suspended all health care services effective Oct. 30,
2017.

Miami International Medical Center sought protection under Chapter
11 of the Bankruptcy Code (Bankr. S.D. Fla. Case No. 18-12741) on
March 9, 2018.  In the petition signed by Jeffrey Mason, chief
administrative officer, the Debtor disclosed $21.39 million in
assets and $67.27 million in liabilities.  Judge Laurel M. Isicoff
presides over the case.  Meland Russin & Budwick, P.A., is the
Debtor's bankruptcy counsel.


MONTREIGN OPERATING: S&P Lowers CCR to 'CCC+', Outlook Negative
---------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Thompson,
N.Y.-based Montreign Operating Co. LLC  (Montreign) to 'CCC+' from
'B-'.

S&P said, "At the same time, we lowered the issue-level ratings on
Montreign's term loans A and B to 'CCC+' from 'B-', in line with
the downgrade of the company. The recovery rating on this debt
remains '3', indicating our expectation for meaningful (50% to 70%;
rounded estimate: 55%) recovery for lenders in the event of a
payment default."

The downgrade reflects the property's soft operating performance to
date and the increasingly competitive Northeast gaming market in
which Montreign operates. S&P said, "We believe these factors
increase the likelihood that Montreign will generate significantly
less EBITDA in its first full year of operations than we previously
expected and could struggle to ramp up EBITDA to a level that
comfortably covers all fixed charges. We estimate the company's
interest reserve account is funded through July 2018, but Montreign
could come under liquidity pressure after the reserve is depleted
if EBITDA does not ramp up quickly. Montreign has limited
additional liquidity sources, aside from EBITDA generation, to
cover our estimate of cash fixed charges of about $78 million
annually (including interest expense, amortization, which begins in
the second quarter, and minimal maintenance capital
expenditures)."

S&P said, "The negative outlook reflects our view that Montreign
may struggle to ramp up cash flow in its first year of operations
to a level that comfortably cover all cash fixed charges given weak
operating performance since opening in a highly competitive
operating environment.

"We could lower our corporate credit rating on Montreign if the
casino's operating results do not begin improving from current
levels, particularly in the seasonally stronger spring and summer
months, and we began to believe that Montreign might face a
near-term liquidity crisis.

"We are unlikely to consider revising our outlook to stable or
raising the rating until Montreign demonstrates that it can
sufficiently ramp up operations to a level that we believe will
allow the company to comfortably meet its fixed charge obligations.
We would also need to believe the company will maintain adequate
covenant cushion once the covenants begin to be measured."


MOREHEAD MEMORIAL: Files Chapter 11 Plan of Liquidation
-------------------------------------------------------
Morehead Memorial Hospital filed with the U.S. Bankruptcy Court for
the Middle District of North Carolina, Greensboro Division, a
disclosure statement for joint Chapter 11 plan of orderly
liquidation pursuant to section 1125 of the bankruptcy code.

On November 30, 2017, at the conclusion of a court-approved sale
process, the Bankruptcy Court approved the sale of substantially
all of the Debtor's assets to the University of North Carolina
Healthcare System ("UNCHCS" or "Purchaser") pursuant to the terms
of the approved asset purchase agreement to Purchaser for a cash
payment of $11,500,000 and certain other consideration.  The Sale
was the culmination of long-running efforts to sell the Hospital,
and closed on January 1, 2018.

The Plan Proponents believe the Plan is in the best interests of
the Creditors and should accordingly be accepted and confirmed.  If
the Plan as proposed, however, is not confirmed, the following
three alternatives may be available to the Debtor: (i) a
liquidation of the Debtor’s Assets pursuant to Chapter 7 of the
Bankruptcy Code; (ii) an alternative plan of liquidation may be
proposed and confirmed; or (iii) the Debtor’s Chapter 11 Case may
be dismissed.

Each Holder of an Allowed General Unsecured Claim will receive, in
full and final satisfaction of such Claim, on one or more GUC
Distribution Dates, a Pro Rata share of the net proceeds of the GUC
Liquidating Trust Assets. Class 5 is Impaired. Therefore, Holders
of Class 5 Claims are entitled to vote to accept or reject the
Plan.

Each Holder of an Allowed Convenience Claim will receive, in full
and final satisfaction of such Claim, on or before the date that is
thirty (30) business Days after the Effective Date, or as soon
thereafter as practicable, Cash in an amount equal to the lesser of
(i) five hundred dollars ($500.00) and (ii) the Allowed amount of
such Holder’s Convenience Claim; provided, however, that the
total distribution to Holders of Allowed Convenience Claims under
this Plan will not exceed $50,000, and if the treatment would
result in distributions to Holders of Allowed Convenience Claims
that exceed the Convenience Class Cap in the aggregate, each Holder
of an Allowed Convenience Claim will instead receive a Pro Rata
share of $50,000.00, with the amount of each such Holder's
Convenience Claim fixed at the lesser of (i) five hundred dollars
($500.00) and (ii) the Allowed amount of such Holder’s
Convenience Claim for the purpose of determining its Pro Rata
share.

A full-text copy of the Disclosure Statement dated March 21, 2018,
is available at:

           http://bankrupt.com/misc/ncmb17-10775-697.pdf

                    About Morehead Memorial

Founded in 1924, Morehead Memorial Hospital --
http://www.morehead.org/-- is a North Carolina non-profit
corporation that owns and operates a 108-bed general acute care
community hospital on a 22-acre campus located at 117 East Kings
Highway, Eden, North Carolina.  Within the Hospital Real Property,
Morehead Memorial also owns and operates a 121-bed skilled nursing
facility.  It also owns several other parcels of real property
located in Eden that are contiguous to, or in the general vicinity
of, the Hospital Real Property.

Morehead Memorial Hospital filed for Chapter 11 bankruptcy
protection (Bankr. M.D.N.C. Case No. 17-10775) on July 10, 2017,
estimating its assets and liabilities at between $10 million and
$50 million.  CEO Dana M. Weston signed the petition.

Judge Benjamin A. Kahn presides over the case.

Thomas W. Waldrep, Jr., Esq., Jennifer B. Lyday, Esq., and
Francisco T. Morales, Esq., at Waldrep LLP, serve as the Debtor's
bankruptcy counsel.  The Debtor also hired Womble Carlyle as
special counsel; Grant Thornton LLP as financial advisor; Hanlon
Hammond Camp LLC as investment banker and operational and strategic
advisor; and Donlin, Recano & Company, Inc., as claims and noticing
agent.

On July 24, 2017, William Miller, the bankruptcy administrator for
the Middle District of North Carolina, appointed an official
committee of unsecured creditors.  The Committee retained law firms
Nelson Mullins Riley & Scarborough LLP, and Sills Cummis & Gross,
P.C., as co-counsel.


NEOVASC INC: Holding Its Year End Conference Call on March 28
-------------------------------------------------------------
Neovasc, Inc., will report financial results for the year ended
Dec. 31, 2017 and host a conference call and webcast at 4:30pm
Eastern Time on Wednesday, March 28, 2018.

Conference Call & Webcast
Wednesday, March 28th @ 4:30pm Eastern Time

Domestic:                                    800-281-7973
International:                               323-794-2093
Passcode:                                    4395026
Webcast:                                     
       http://public.viavid.com/index.php?id=128910

Replays available through April 10:   
Domestic:                                    844-512-2921
International:                               412-317-6671
Conference ID:                               4395026

                      About Neovasc Inc.

Based in Richmond, British Columbia, Neovasc Inc. --
http://www.neovasc.com/-- is a specialty medical device company
that develops, manufactures and markets products for the rapidly
growing cardiovascular marketplace.  Its products include the
Reducer, for the treatment of refractory angina, which is not
currently available in the United States and has been available in
Europe since 2015, and the Tiara, for the transcatheter treatment
of mitral valve disease, which is currently under clinical
investigation in the United States, Canada and Europe.

Neovasc reported a loss of US$86.49 million for the year ended Dec.
31, 2016, following a loss of US$26.73 million for the year ended
Dec. 31, 2015.  As of Sept. 30, 2017, Neovasc had US$81.75 million
in total assets, US$114.73 million in total liabilities and a total
deficit of US$32.98 million.

Grant Thornton LLP, in Vancouver, Canada, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, emphasizing that the Company was named in a
litigation and that the court awarded $112 million in damages
against it.  This condition, along with other matters, indicate the
existence of a material uncertainty that may cast significant doubt
about the Company's ability to continue as a going concern, the
auditors said.


NEPHROS INC: Files Updated Resale Prospectus of 8.4M Common Shares
------------------------------------------------------------------
Nephros, Inc., filed with the Securities and Exchange Commission a
post-effective amendment No. 1 to Form S-1, amended, to update the
Registration Statement on Form S-1 which was previously declared
effective by the SEC on April 26, 2017.

Hudson Bay Master Fund Ltd, Intracoastal Capital, LLC, Lincoln Park
Capital Fund, LLC et al., are offering on a resale basis a total of
8,441,187 shares of the Company's common stock, of which 4,381,193
shares are issuable upon the exercise of outstanding warrants.  The
Company will not receive any proceeds from the sale of these shares
by the selling stockholders.

Shares of the Company's common stock are quoted on the OTCQB
Marketplace operated by the OTC Markets Group, Inc., or OTCQB,
under the ticker symbol "NEPH."  The shares of common stock issued
upon the exercise of warrants will also be quoted on the OTCQB
under the same ticker symbol.  The warrants are not listed for
trading on any stock exchange or market or quoted on the OTCQB.

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

                      https://is.gd/FIJtGT

                      About Nephros, Inc.

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

Nephros incurred a net loss of $809,000 in 2017 following a net
loss of $3.03 million in 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.

Moody, Famiglietti & Andronico, LLP, in Tewksbury, Massachusetts,
issued a "going concern" qualification in its report on the
consolidated financial statements for the year ended Dec. 31, 2017,
citing that 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 INC: Updates Resale Prospectus of 2.7M Common Shares
------------------------------------------------------------
Nephros, Inc. filed with the Securities and Exchange Commission a
post-effective amendment to its Form S-1 to update the Registration
Statement on Form S-1, which was previously declared effective by
the SEC on July 6, 2015.

Best Six, LLC, Karen Weil Revocable Trust u/a dtd 7/2/10, Lincoln
Park Capital Fund, LLC, et al., are offering on a resale basis a
total of 2,751,448 shares of the Company's common stock, of which
917,149 are issuable upon the exercise of outstanding warrants.
The Company will not receive any proceeds from the sale of these
shares by the selling stockholders.

Shares of the Company's common stock are quoted on the OTCQB
Marketplace operated by the OTC Markets Group, Inc., or OTCQB,
under the ticker symbol "NEPH."  The shares of common stock issued
upon the exercise of warrants will also be quoted on the OTCQB
under the same ticker symbol.  The warrants are not listed for
trading on any stock exchange or market or quoted on the OTCQB.

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

                     https://is.gd/55qp2J

                      About Nephros, Inc.

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

Nephros incurred a net loss of $809,000 in 2017 following a net
loss of $3.03 million in 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.

Moody, Famiglietti & Andronico, LLP, in Tewksbury, Massachusetts,
issued a "going concern" qualification in its report on the
consolidated financial statements for the year ended Dec. 31, 2017,
citing that 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.


NOVABAY PHARMACEUTICALS: Xiaoyan Liu Resigns from Board
-------------------------------------------------------
Xiaoyan (Henry) Liu informed NovaBay Pharmaceuticals, Inc., that he
will resign as a member of the Company's Board of Directors, with
such resignation to be effective March 21, 2018.  Mr. Henry Liu did
not resign as a result of any disagreements with the Company on any
matter relating to the Company's operations, policies or practices,
Novabay stated in a Form 8-K filed with the Securities and Exchange
Commission.

On March 21, 2018, effective upon the resignation of Mr. Henry Liu,
the Board appointed Yanbin (Lawrence) Liu to fill the vacancy on
the Board resulting from the resignation of Mr. Henry Liu.  Mr.
Lawrence Liu will take Mr. Henry Liu's place as a Class III
director to serve until the Company's Annual Meeting of
Stockholders in 2019, subject to his prior death, resignation or
removal from office as provided by law.  Mr. Lawrence Liu is a
non-independent member and will not serve on any committees of the
Board.

Mr. Lawrence Liu has served as the joint chief operating officer &
head of direct investment of OP Financial Investments Limited in
Hong Kong since February 2015.  Mr. Lawrence Liu is particularly
experienced in cross-border direct investment.  Mr. Lawrence Liu
was the investment director of China-ASEAN Capital Advisory Co.,
Ltd. from 2014 to 2015.  From 2011 to 2014, Mr. Lawrence Liu served
as the head of project finance & syndication department (EMEA
Coverage) and from 2006 to 2011 as the head of M&A and Structured
Finance Department, Corporate Banking, both at the Bank of China
Limited in London.  From 2002 to 2006, Mr. Lawrence Liu served as
the key account manager, corporate banking at the Bank of China
Limited in Beijing.  Mr. Liu received an executive MBA (Investment
& Strategy) from CASS Business School in London and a bachelor's
degree in Business and Economics from the University of
International Business and Economics in Beijing, China.  

As disclosed in the Company's Current Report on Form 8-K filed with
the SEC on Feb. 12, 2018, the Company closed its private placement
with OP Financial, an investment firm based in Hong Kong focused on
cross-border investment opportunities and listed on the Hong Kong
Stock Exchange, on Feb. 8, 2018.  Upon closing, the Company issued
and sold to OP Financial a total of 1,700,000 shares of its common
stock, par value $0.01 per share, for an aggregate purchase price
of $5,984,000.  China Kington, who had previously nominated Mr.
Henry Liu to the Board, agreed to serve as placement agent in
exchange for a commission equal to six percent of the total
purchase price of the shares sold upon closing.  Given OP
Financial's significant investment in NovaBay, Mr. Lawrence Liu was
appointed as a representative of OP Financial.

In connection with his service, Mr. Lawrence Liu will receive the
Company's standard director's compensation package.  

                 About NovaBay Pharmaceuticals

Based in Emeryville, California, NovaBay Pharmaceuticals --
http://www.novabay.com/-- is a medical device company
predominately focused on eye care.  The Company is currently
focused primarily on commercializing Avenova, a prescription
product sold in the United States for cleansing and removing
foreign material including microorganisms and debris from skin
around the eye, including the eyelid.

Novabay reported a net loss and comprehensive loss of $7.40 million
in 2017, a net loss and comprehensive loss of $13.15 million in
2016, and a net loss and comprehensive loss of $18.97 million in
2015.  As of Dec. 31, 2017, Novabay had $10.07 million in total
assets, $7.48 million in total liabilities, and $2.59 million in
total stockholders' equity.


OCWEN FINANCIAL: Fitch Hikes Sr. Unsec. Notes Rating to 'CCC'
-------------------------------------------------------------
Fitch Ratings has upgraded and removed from Rating Watch Positive
the ratings on Ocwen Financial Corporation's (Ocwen) senior
unsecured notes to 'CCC'/'RR6' from 'CC'/'RR6' and the ratings on
Ocwen Loan Servicing, LLC's (OLS; a wholly owned subsidiary of
Ocwen) senior secured notes to 'CCC+'/RR5' from 'CCC'/'RR5'.  

The upgrades follow the finalization of the previously published
exposure draft with respect to Fitch's "Global Non-Bank Financial
Institutions Rating Criteria (NBFI Criteria)", which introduced '+'
and '-' modifiers to the 'CCC' rating category. The exposure draft
was published on Dec. 12, 2017 and finalized on March 22, 2018
following a comment period.

Ocwen's ratings (Long-Term Issuer Default Rating [IDR],
'B-'/Outlook Negative) are otherwise unaffected by this rating
action. This action does not reflect a change in Fitch's view of
Ocwen's and OLS's fundamental creditworthiness.

KEY RATING DRIVERS

SENIOR DEBT
The rating upgrade reflects the revised notching between IDRs and
issue-level ratings, as a function of the Recovery Ratings for a
given issue, taking into account the addition of '+' and '-'
modifiers to the 'CCC' rating category that previously did not
exist in Fitch's NBFI Criteria.

The 'CCC+'/'RR5' rating assigned to OLS's senior secured note
reflects below average (i.e. 11% to 30%) recovery prospects to debt
holders in a stressed scenario. The noteholders have a
second-priority, junior interest in the same assets that secure the
senior secured term loan pursuant to an inter-creditor agreement.

The 'CCC'/'RR6' rating on Ocwen's senior unsecured notes reflects
poor recovery prospects (i.e. 0% to 10%) in a stressed scenario due
to the company's predominately secured funding profile and the
modest level of unencumbered assets available to support the
unsecured noteholders.

OLS's Long-Term IDR is sensitive to the same factors that might
drive a change in Ocwen's Long-Term IDR, due to the unconditional
guaranty provided by Ocwen and its guarantor subsidiaries.

RATING SENSITIVITIES

SENIOR DEBT

The ratings assigned to the senior secured notes and senior
unsecured notes are primarily sensitive to changes in OLS's and
Ocwen's Long-Term IDRs, as well as changes in collateral values and
advance rates under the secured borrowing facilities, which
ultimately impact the level of available asset coverage for each
class of debt.

Fitch has upgraded and removed the following notes from Rating
Watch Positive:

Ocwen Financial Corporation
-- Senior unsecured debt to 'CCC'/'RR6' from 'CC'/'RR6'.

Ocwen Loan Servicing, LLC
-- Senior secured notes to 'CCC+'/'RR5' from 'CCC'/'RR5'.

Fitch currently rates Ocwen as follows:

Ocwen Financial Corporation
-- Long-Term IDR 'B-';
-- Short-Term IDR 'B'
-- Senior unsecured notes 'CCC'/'RR6'.

Ocwen Loan Servicing, LLC
-- Long-Term IDR 'B-';
-- Senior secured term loan 'B-'/'RR4';
-- Senior secured notes 'CCC+'/'RR5'.

The Rating Outlook is Negative.


ORION HEALTHCORP: Needs OK on $7.5-Mil Loan, Cash Collateral Use
----------------------------------------------------------------
Orion HealthCorp, Inc. and its affiliated debtors seek
authorization from the U.S. Bankruptcy Court for the Eastern
District of New York to obtain senior secured postpetition
financing up to a maximum outstanding principal amount of
$7,500,000, pursuant to a DIP Credit Agreement and to use cash
collateral in the ordinary course of business to fund their
liquidity needs and operate their businesses.

Specifically, the Debtors seek authorization to obtain senior
secured postpetition financing consisting of a revolving credit
facility in a principal amount of up to $7,500,000 on a final basis
in accordance with the DIP Credit Agreement among: (i) Orion
Healthcorp, Inc., as borrower; (ii) the other Debtors, as
guarantors thereto; (iii) New York Network Management, L.L.C.,
Network Management Insurance Brokerage Services LLC, New York
Network IPA, Inc., New York Premier IPA, Inc., Brooklyn Medical
Systems IPA 3, Inc., Brooklyn Medical Systems IPA 4, Inc., and
Brooklyn Medical Systems IPA 5, Inc. (collectively, "NYNM"); (iv)
Bank of America, N.A., as administrative agent ("DIP Agent"), and
(v) the lenders from time to time party thereto.

The DIP Facility contemplates a "roll up" of the Bridge Loans
Obligations totaling approximately $1,000,000. The DIP Lenders
would not have agreed to extend postpetition financing without a
roll-up or repayment of the Debtors' obligations in connection with
the Prepetition Credit Agreement.

As part of the overall Merger transaction, Orion entered into that
certain Credit Agreement, by and among (i) Orion, as Borrower, (ii)
the other Debtors and (iii) NYNM, as guarantors; (iv) Bank of
America, N.A., as Pre-petition Administrative Agent; and (v) the
Pre-petition Lenders from time to time party thereto. As of the
Petition Date, the Prepetition Loan Parties' total secured debt
obligations to Pre-petition Lenders under the Prepetition Credit
Agreement and related documents totaled approximately $159.3
million of principal consisting of obligations under the Term Loans
and the Bridge Loan.

As security for the payment of Orion's obligations under the
Pre-petition Credit Agreement, the Guarantors jointly and severally
guaranteed the obligations thereunder. Additionally, pursuant to
that certain Security Agreement, the Pre-petition Loan Parties
pledged as collateral first priority liens in all of their
property, and 100% of the equity interests in each of their
subsidiaries.

The Debtors also ask the Court for permission to obtain from the
DIP Lenders, during the interim period pending the Final Hearing,
up to $4,500,000 in accordance with the DIP Credit Agreement and
the Interim Order. Further, the Debtors seek access to cash
collateral, as well as the proceeds of the DIP Facility, in
accordance with a certain budget, to fund the costs associated with
the Debtors' chapter 11 cases, to fund postpetition operating
expenses of the Debtors during the chapter 11 cases, and to repay
the Bridge Loan Obligations.

The Debtors and the Pre-petition Lenders have agreed to the use of
cash collateral by the Debtors to pay the Debtors' operating
expenses in the ordinary course.

As adequate protection for the Pre-petition Lenders, with respect
to, and solely to the extent of, any diminution of value in the
prepetition collateral from and after the Petition Date, the
Prepetition Lenders will receive:

      (a) a superpriority claim immediately junior to the claims
under Section 364(c)(1) of the Bankruptcy Code held by the
Administrative Agent and the Lenders in respect of the DIP
Obligations;

      (b) a co-extensive second priority replacement lien on such
assets of the Debtors to be encumbered in favor of the
Administrative Agent for the benefit of the Lenders, which adequate
protection lien will have a priority immediately junior to the
priming and other liens to be granted in favor of the
Administrative Agent in respect of the DIP Obligations;

      (c) payment on the Closing Date of the sum of $500,000 to the
Prepetition Agent to reimburse it (in part) for the fees and
out-of-pocket expenses of counsel to the Prepetition Agent,
including amounts incurred in retention of the Prepetition
Agent’s financial advisor retained by counsel on behalf of the
Prepetition Agent, subject to the rights of parties in interest to
bring actions during the Challenge Period;

      (d) a waiver of any rights to pursue the collateral of the
Prepetition Agent or the Prepetition Lenders for any amounts
pursuant to Section 506(c) of the Bankruptcy and a waiver of the
exceptions under sections 552(b)(1) and (2); and

      (e) copies of all financial statements, projections and
reports furnished to the Administrative Agent, the Lenders or their
agents by the Debtors under the DIP Loan Documents Prepetition
Lenders have consented to these forms of adequate protection.

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

         http://bankrupt.com/misc/nyeb18-71748-26.pdf

                  About Constellation & Orion

Constellation Healthcare Technologies, Inc., is a healthcare
services organization providing outsourced revenue cycle
management, practice management, and group purchasing services to
U.S. physicians. Orion Healthcorp, et al. --
http://www.orionhealthcorp.com/-- are a consolidated enterprise of
several companies aggregated through a series of acquisitions,
which operate the following businesses: (a) outsourced revenue
cycle management for physician practices, (b) physician practice
management, (c) group purchasing services for physician practices,
and (d) an independent practice association business, which is
organized and directed by physicians in private practice to
negotiate contracts with insurance companies on their behalf while
those physicians remain independent and which also provides other
services to those physician practices.  Orion has locations in
Houston, Texas; Jericho, New York; Lakewood, Colorado;
Lawrenceville, Georgia; Monroeville, Pennsylvania; and Simi Valley,
California.

Constellation Healthcare Technologies, Inc., along with certain of
its subsidiaries, including Orion Healthcorp, Inc., on March 16,
2018, initiated voluntary proceedings under Chapter 11 of the U.S.
Bankruptcy Code to facilitate an orderly and efficient sale of its
businesses.  The lead case is In re Orion Healthcorp, Inc.
(E.D.N.Y. Lead Case No. 18-71748).  The Debtors have liabilities of
$245.9 million.

The Hon. Carla E. Craig is the case judge.

The Debtors tapped DLA Piper US LLP as counsel; FTI Consulting,
Inc., as restructuring advisor; and Epiq Bankruptcy Solutions, LLC,
as claims and noticing agent.


PATRIOT NATIONAL: Fla. Financial Services Dept. Opposes Plan
------------------------------------------------------------
BankruptcyData.com reported that the Florida Department of
Financial Services, Division of Rehabilitation and Liquidation
(Department) filed with the U.S. Bankruptcy Court an objection to
Patriot National's Second Amended Joint Chapter 11 Plan of
Reorganization. The objection explains, "There can be no reasonable
dispute that the Bankruptcy Code does not specifically relate to
the business of insurance and that Chapter 631 of the Florida
Statutes was enacted for the purpose of regulating the business of
insurance. Thus, the Plan cannot invalidate, impair or supersede
the FL Statutes or the Receivership Order and should include clear
language confirming the same. The FL Receiver objects to any
provision of the Plan that could later be used to argue GIC
Collateral or any other property belonging to GIC being held by the
Debtors (in violation of the FL Receivership Order) was transferred
to a third party free and clear of the FL Receiver's claims. 13.
Against the backdrop of the Debtors having access to GIC's bank
accounts, numerous accusations against the fiduciaries monitoring
those accounts and the Debtors holding GIC Collateral, language
needs to be added to the Plan confirming that no property owned by
GIC is being transferred to the Reorganized Debtors, and that the
FL Receiver's claim to such property is not being affected or
otherwise impaired under the Plan."

                      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 an official committee of
unsecured creditors in the Debtors' cases.


PES HOLDINGS: Court Confirms Prepackaged Plan
---------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware approved the disclosure statement and confirmed the second
amended joint prepackaged Chapter 11 plan of reorganization of PES
Holdings, LLC, et al., on March 26, after the Debtors agreed to
amend their plan to preserve the state of Pennsylvania's right to
collect on a $3.8 billion tax claim.

The Pennsylvania Department of Revenue said that state and company
officials had come to an agreement on changes to the plan's wording
that will preserve the state's right to collect the sales taxes
that the refinery allegedly owes, Law360 reported.   The U.S.
Government also objected to the approval of the disclosure
statement and confirmation of the Plan, complaining it strips
claimants of defenses such as the right to assert setoff and
terminates rights that they would otherwise have.  Further, the
U.S. Government objected to the treatment of any federal contracts
or other agreements in accordance with Article V of the Plan.
Multiple provisions relating to assumption and assignment, cure and
treatment of rejection damages are improper and objectionable, the
U.S. government said.

The Debtors filed a first amended Plan supplement, including the
second amended and restated limited liability company agreement and
new first lien credit agreement, full-text copies of which are
available at:

             http://bankrupt.com/misc/deb18-10122-318.pdf

The Debtors also made certain technical modifications to the Plan
to comply with requirements under the Restructuring Support
Agreement.  A full-text copy of the Plan is available at:

             http://bankrupt.com/misc/deb18-10122-257.pdf

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

             http://bankrupt.com/misc/deb18-10122-323.pdf

Counsel to the Commonwealth of Pennsylvania, Department of
Environmental Protection:

     Jason A. Gibson, Esq.
     Frederick B. Rosner, Esq.
     Scott J. Leonhardt, Esq.
     THE ROSNER LAW GROUP LLC
     824 N. Market Street, Suite 810
     Wilmington, DE 19801
     Tel: (302) 777-1111
     Email: leonhardt@teamrosner.com

          - and -

     Duane C. Miller, Esq.
     MILLER AXLINE & SAWYER
     1050 Fulton Ave # 100
     Sacramento, CA 95825
     Tel: (916) 488-6688
     Email: dmiller@toxictorts.org

                      About PES Holdings

Headquartered in Philadelphia, Pennsylvania, PES Holdings, LLC --
http://pes-companies.com/-- owns an oil refining complex.  The
Philadelphia Energy Solutions Refining Complex operates two
domestic refineries -- Girard Point and Point Breeze -- in South
Philadelphia.  The refinery processes approximately 335,000 barrels
of crude oil per day (42 U.S. gallons per barrel).  In addition to
producing unbranded gasoline (87, 89 and 93 octane), PES also
produces jet fuel, cleaner-burning diesel, petrochemicals,
liquefied petroleum gas and sulfur in the Northeast.  The company
offers a variety of diesels, including ultra-low-sulfur diesel,
non-road, heating oil, locomotive/marine and non-jet kerosene.  PES
employs over 1,000 people.  PES is owned by The Carlyle Group and a
subsidiary of Energy Transfer Partners, L.P.

PES Holdings and eight of its subsidiaries sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No.
18-10122) on Jan. 21, 2018.  In the petition signed by Gregory G.
Gatta, manager, PES estimated assets and liabilities of $1 billion
to $10 billion.

The Hon. Kevin Gross is the case judge.

The Debtors hired Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as their bankruptcy counsel; Pachulski Stang
Ziehl & Jones LLP as local bankruptcy counsel; PJT Partners LP as
financial advisor; Alvarez & Marsal North America, LLC as
restructuring advisor; and Rust Consulting/Omni Bankruptcy as
claims and noticing agent.

In addition, debtor North Yard GP, LLC, tapped Proskauer Rose LLP
as its conflicts counsel, and Bielli & Klauder, LLC, as co-counsel.
Debtor Philadelphia Energy Solutions Refining and Marketing LLC
tapped Chipman Brown Cicero & Cole, LLP as Delaware counsel, and
Curtis, Mallet-Prevost, Colt & Mosle LLP as its conflicts counsel.


PHASERX INC: Court Dismisses Chapter 11 Case
--------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court issued
an order dismissing PhaseRx's Chapter 11 proceeding. As previously
reported, the Company sought dismissal, arguing, "Having sold
substantially all of its assets, rejected the unexpired leases of
non-residential real property and executory contracts that were not
sold, and identified all known chapter 11 administrative claims
that will be paid in full, or as agreed between the parties, prior
to the conclusion of the Chapter 11 Case, the Debtor seeks to
dismiss this Chapter 11 Case in order to bring closure to not only
the chapter 11 bankruptcy, but the Debtor's corporate existence.
Dismissal will allow all stakeholders to make a clean break from
the Debtor and move on with other business relationships. The
Debtor strongly believes that dismissal is a more favorable result
than conversion to a case under chapter 7 of the Bankruptcy Code as
it will allow stakeholders to cease monitoring a bankruptcy case
where there is no likelihood of any recovery under any
circumstance. Dismissal is further warranted in a case such as this
where there are a minimal number of creditors that are affected by
the relief requested."

                        About PhaseRx

Based in Seattle, Washington, PhaseRx -- http://phaserx.com/--
operates as a biopharmaceutical company that develops a portfolio
of mRNA products to correct inherited, life-threatening liver
diseases in children.  The company was founded by Robert W.
Overell, Ph.D. in 2006.

PhaseRx filed a Chapter 11 petition (Bankr. D. Del. Case No.
17-12890) on Dec. 11, 2017.  In the petition signed by Robert W.
Overell, Ph.D., president and CEO, the Debtor disclosed $4.10
million in assets and $5.60 million in liabilities as of Sept. 30,
2017.

Judge Christopher S. Sontchi presides over the case.

Christopher A. Ward, Esq. and Shanti M. Katona, Esq., at Polsinelli
PC, serve as counsel to the Debtor.  Cowen and Company, LLC, is the
Debtor's investment banker.  Donlin, Recano & Company, Inc., stands
as the Debtor's claims and noticing agent.


PIEDMONT SALES: Wants Access to Cash Collateral for 12-Month Period
-------------------------------------------------------------------
Piedmont Sales Service & Transport, LLC, asks the U.S. Bankruptcy
Court for the Western District of North Carolina to approve the use
the cash collateral under liens to Interstate Capital Corporation
and National Funding, Inc.

The Debtor intends to propose a Reorganization Plan that will
continue to operate the business and pay the creditors over a
period of years. The Debtor anticipates that this case will include
liquidating and selling some property to reduce the debt of the
business.

The Debtor's 12-Month Operating Budget shows total estimated
expenses of $1,198,056.

The Debtor submits that the cash collateral will be used to pay
operating expenses, management fees, independent contractors and
other necessary expenses for the Debtor's operations. As such, the
Debtor must use cash collateral in order to continue operations
during the Chapter 11 proceeding.

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

           http://bankrupt.com/misc/ncwb18-50160-13.pdf

Attorney for the Debtor:

         Robert P. Laney, Esq.
         906 Main Street
         North Wilkesboro, NC 28659
         Telephone: (336) 838-1111
         Facsimile: (336) 838-5069
         E-mail: blaney@mcelweefirm.com

           About Piedmont Sales Service & Transport

Piedmont Sales Service & Transport, LLC, owner and operator of a
trucking business, filed a Chapter 11 petition (Bankr. W.D.N.C.
Case No. 18-50160) on March 8, 2018.  In its petition signed by its
managing member, Brian Souther, the Debtor estimated assets and
liabilities at $500,000 to $1 million.  Robert P. Laney, Esq. of
McElwee Firm, PLLC, is serving as the Debtor's counsel.


PINKTOE TARANTULA: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
The Office of the U.S. Trustee on March 23 disclosed in a court
filing that no official committee of unsecured creditors has been
appointed in the Chapter 11 case of Pinktoe Tarantula Limited.

                    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.


PISCES MIDCO: Moody's Rates New $645MM Senior Unsecured Notes Caa1
------------------------------------------------------------------
Moody's Investors Service assigned a Caa1 rating to the proposed
new $645 million of eight-year senior unsecured notes of Pisces
Midco, Inc. ("Pisces"), a new company comprised of Ply Gem
Industries, Inc. ("Ply Gem") and Atrium Windows and Doors, Inc.
("Atrium"). Proceeds will be used in part to help finance the $2.92
billion combined purchase price of Ply Gem and Atrium and $119
million of prepayment penalties, fees, and expenses.

The following rating actions were taken:

For Pisces Midco, Inc.:

Caa1 (LGD6) assigned to the $645 million senior unsecured notes due
2026

RATINGS RATIONALE

The Caa1 rating assigned to the notes reflects its junior position
in a heavily secured capital structure as well as Pisces' elevated
pro forma Moody's-adjusted debt leverage of 7.3x as of December 31,
2017, which, if not reduced in line with the company's projections,
will make all of the ratings vulnerable to a downgrade. In
addition, the rating incorporates the volatility of raw material
prices, especially in PVC resin and aluminum, and the highly
cyclical exterior building products markets that Pisces serves.

At the same time, the rating acknowledges the company's healthy
EBITA margins; that Pisces is now more of a major force in the
exterior residential building products markets; that it is
well-diversified across products, distribution channels, and end
markets; is capable of generating positive GAAP free cash flow on a
sustained basis, which, if largely used at the outset for purposes
other than debt reduction, would endanger the rating; and Moody's
positive outlook on the homebuilding industry and favorable view of
the R&R market.

The stable outlook on Pisces is based on the critical assumption
that free cash flow will be used largely for debt reduction until
debt leverage comes down to levels more representative of a B2
Corporate Family Rating.

The B2 Corporate Family Rating is unlikely to be raised in the next
12 -18 months. Longer term, an upgrade could be considered if the
company can reduce debt/EBITDA to below 5.25x, raise EBITA to
interest above 2.25x, generate growing GAAP free cash flow,
strengthen liquidity, and the homebuilding outlook remains
positive.

A downgrade could occur if GAAP free cash flow turns negative or,
in the first few years, is used for purposes other than debt
reduction; if debt/EBITDA stays elevated at current levels; if
EBITA to interest drops below 1.5x; if liquidity weakens; or if
Moody's outlook on the homebuilding industry turns negative.

The company's thin cash position is balanced in part by its
projected positive free cash flow; by the fact that the unrated
$360 million ABL revolver due 2023 and the B2 rated $115 million
cash flow revolver due 2023 seem adequately sized for the company's
liquidity needs; and by the relatively benign springing 1:1 fixed
charge coverage test if availability on the ABL drops below 10% of
the line ($36 million). Alternate sources of liquidity are limited
as the company's entire asset base is secured by the ABL, Term Loan
B, and cash flow revolver.

The Caa1 rating on the proposed new senior unsecured notes is two
notches below the Corporate Family Rating of B2, reflecting the
notes' junior position in a heavily secured capital stack.

Ply Gem (NYSE: PGEM), headquartered in Cary, N.C., is a leading
manufacturer of building products in North America. Number one in
vinyl siding and in vinyl and aluminum windows, Ply Gem produces a
comprehensive product line of windows and patio doors, vinyl and
aluminum siding and accessories, designer accents, cellular PVC
trim and mouldings, vinyl fencing and railing, stone veneer,
roofing and gutterware products, used in both new construction and
home repair and remodeling across the United States and Canada.
2017 revenues and net income were approximately $2.1 billion and
$68 million, respectively.

Established in 1948, Atrium is a provider of windows and doors to
the new construction and repair and remodel markets. The company
operates a nationwide network of manufacturing facilities and sells
a comprehensive line of products in all 50 states and Canada.
Atrium generated approximately $350 million of revenue in 2017.


QUALITY CARE: Board Gives Shareholders a Say on Bylaws
------------------------------------------------------
The Board of Directors of Quality Care Properties, Inc. amended and
restated Article XV of the Company's Amended and Restated Bylaws,
effective March 22, 2018, to permit the Board of Directors, by the
affirmative vote of a majority of the entire Board of Directors, or
the Company's stockholders, by the affirmative vote of a majority
of all the votes entitled to be cast on the matter, to adopt, alter
or repeal any provision of the Bylaws and to make new Bylaws.
Previously, the Bylaws provided that the Board of Directors had the
exclusive power to adopt, alter or repeal any provision of the
Bylaws and to make new Bylaws.

                     About Quality Care

Quality Care Properties, Inc., headquartered in Bethesda, Maryland
-- http://www.qcpcorp.com/-- was formed in 2016 to hold the HCR
ManorCare portfolio, 28 other healthcare related properties, a
deferred rent obligation due from HCRMC under a master lease and an
equity method investment in HCRMC previously held by HCP, Inc.

Quality Care reported a net loss and comprehensive loss of $443.46
million on $318.49 million of total revenues for the year ended
Dec. 31, 2017, compared to net income and comprehensive income of
$81.14 million on $471.17 million of total revenues for the year
ended Dec. 31, 2016.  As of Dec. 31, 2017, Quality Care had $4.39
billion in total assets, $1.79 billion in total liabilities, $1.93
million in redeemable preferred stock and total equity of $2.59
billion.

                           *    *    *

In December 2017, S&P Global Ratings lowered its corporate credit
rating on Quality Care Properties to 'CCC' from 'B-'.  "The
downgrade reflects our view that QCP has limited covenant cushion
and a heightened probability of breaching its DSC covenant as early
as the first or second quarter of 2018 absent an amendment of its
credit facilities, waiver by the lenders, or possible debt or
company reorganization," as reported by the TCR on Dec. 20, 2017.

In October 2017, Moody's Investors Service confirmed Quality Care's
ratings, including its 'Caa1' corporate family rating following
QCP's announcement that the REIT's work-out discussions with its
struggling tenant, HCR Manorcare, Inc. (HCR, unrated), are
continuing.


REAL INDUSTRY: March 29 Hearing to Consider Sale to Noteholders
---------------------------------------------------------------
In the Chapter 11 cases of Real Alloy Holding and its affiliates,
Judge Kevin Carey of the US Bankruptcy Court for the District of
Delaware is expected to decide March 29 whether to approve a $364
million offer, plus assumption of certain liabilities, by a group
of the Company's noteholders, which served as stalking horse bidder
for the Company's assets, according to a report by S&P Global
Platts.

The report relates no additional bidders emerged by the March 19
bid deadline and the March 27 auction was cancelled.

If the judge endorses the sale to the noteholders, as anticipated,
the transaction would close around April 30, Real Alloy president
Terry Hogan told S&P Global Platts in an interview March 22.  The
company then would exit bankruptcy less than six months after the
Chapter 11 filing.

                      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 (Bankr. D. Del. Lead Case No. 17-12464) 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.

                          *     *     *

When it filed for bankruptcy, 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.

On March 1, 2018, Real Industry, Inc. filed a Plan of
Reorganization and the Disclosure Statement related thereto.  The
Bankruptcy Court will hold a hearing to consider approval of the
Disclosure Statement on March 29, 2018 at 10:00 a.m. (Prevailing
Eastern Time).


RIDESHARE PORT: Needs Time to Negotiate Resolution of Claims
------------------------------------------------------------
Rideshare Port Management, LLC, asks the U.S. Bankruptcy Court for
the Central District of California for an extension of the
solicitation exclusivity period in which only the Debtor may
solicit acceptance of a plan of reorganization through and
including July 23, 2018.

The current ISO-day Solicitation Exclusivity Period is through
April 21, 2018.  The Court initially set Jan. 26, 2018, as the
deadline to file the disclosure statement and plan and March 7,
2018, as the deadline to confirm a plan pursuant to order entered
on Dec. 13, 2017, which order was subsequently modified by order
entered on Feb. 8, 2018.

On Feb. 9, 2018, the Debtors filed their Plan of Reorganization
proposed jointly by debtors Rideshare Port Management, LLC, and Red
Booth, Inc., and their Joint Disclosure Statement describing Joint
Plan of Reorganization proposed by debtors Rideshare Port and Red
Booth.  The hearing to consider approval of the Disclosure
Statement is currently scheduled for April 5, 2018.

The Debtors say they have made progress with two separate counsel
representing two groups of State Court Plaintiffs toward a
consensual resolution of the claims and the Plan.  The Debtors wish
to continue this progress, so as to have a fair and reasonable
opportunity to reach a consensus.  Thus, this extension is not
being sought to cause delay or to pressure creditors.  Quite to the
contrary, it will expedite the reorganization process by giving the
Debtors, creditors, non-debtor plan funders and equity holders a
fair and reasonable opportunity to reach a consensual plan.  Toward
that goal, an extension will foster negotiations by permitting
those parties negotiating in good faith to be free of distractions
from dissident creditors to the detriment of the estates and those
creditors making good faith efforts to reach a consensus.

To that end, the Debtor is currently considering offers to resolve
claims, as well as avoid potential objections to confirmation, from
these two groups, which resolution will require a few modifications
to the Plan Trust provided for as part of the Plan.  In that
regard, the Debtors have deferred submitting certain exhibits
pertaining to the claims resolution process and financial exhibits
to the Disclosure Statement.  Among other reasons, filing such
exhibits at this juncture may be counterproductive to the
negotiations and resolution.  In addition, should the proposed
resolution with these two groups come to fruition, the Debtors and
negotiating claimants will need additional time to review and
conform the exhibits.  In furtherance, the Debtors' are in the
process of retaining a financial consultant, Special Services, to
review the Debtors financial information, so as to assist in
resolution for a consensual plan with such claimants.  The Debtors
intend to file applications to employ Special Services shortly.
Therefore, it is likely that a continuance of the Disclosure
Statement Hearing will become necessary.

This is the Debtors' first request for an extension, and they are
only seeking extensions of the Plan Deadline and Solicitation
Exclusivity Period.

The Debtors say they are not seeking this extension to pressure
creditor, freeze out competing plans or to protect and entrenched
management.

To the contrary, cause exists for the requested extensions in order
to avoid the risk of these cases deteriorating into a state of
confusion and chaos at a critical juncture, at a time when it is
unequivocally in the best interest of creditors and the estates,
that the Debtors focus their efforts attempting to reach a
consensus or at least narrowing the disputed issues.  In other
words, the motion seeks to afford sufficient time for the parties
to continue to negotiate toward a consensual resolution of the
cases, if possible.

For years, the Debtor has been the target of numerous lawsuits
initiated by plaintiff contingency counsel, on behalf of former or
disgruntled drivers asserting that they were not independent
contractors, but rather employees of the Debtor.  Based on that
theory, those independent contractors have filed numerous claims
for violations of the labor code, violations of employment laws, as
well as other related claims.  For years, the Debtor has
successfully defended these claims as they arise.  Unfortunately,
they keep coming.  As of the Petition Date, the Debtor had been
named as a defendant in at least nine separate proceedings.

The Debtors filed their Plan within the initial exclusivity period.
As stated, the Debtors have made progress with two separate
counsel representing two groups of State Court Plaintiffs toward a
consensual resolution of the claims and the Plan.  The Debtors wish
to continue this progress, so as to have a fair and reasonable
opportunity to reach a consensus.  To that end, the Debtor is
currently considering offers to resolve the claims, as well as
avoid potential objections to confirmation, from these two groups,
which resolution will require a few modifications to the Plan Trust
provided for as part of the Plan.  In that regard, the Debtors have
deferred submitting certain exhibits pertaining to the claims
resolution process and financial exhibits to the Disclosure
Statement.  Among other reasons, filing such exhibits at this
juncture may be counterproductive to the negotiations and
resolution.  In addition, should the proposed resolution with these
two groups come to fruition, the Debtors and negotiating claimants
will need additional time to review and conform the exhibits.  In
furtherance, the Debtors' are in the process of retaining a
financial consultant, Special Services, to review the Debtors
financial information, so as to assist in resolution for a
consensual plan with the claimants.  The Debtors intend to file
applications to employ Special Services shortly. Therefore, it is
likely that a continuance of the Disclosure Statement Hearing will
become necessary.

The Claims are unresolved, the resolution process is complex, and
the Debtors would like to solicit input from counsel for these
creditor groups.  First, there is the threshold issue to determine
as to whether the drivers are independent contractors.  Next, there
are also complexities concerning the components of the claims and
the treatment under a Chapter 11 plan.

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

           http://bankrupt.com/misc/cacb17-22974-66.pdf

               About Rideshare Port Management LLC

Rideshare Port Management, LLC, provides rideshare van services,
including van services to passengers at the Los Angeles
International Airport.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Calif. Case No. 17-22974) on Oct. 23, 2017.  Joea
Rattan, its managing member, signed the petition.

At the time of the filing, the Debtor disclosed that it had
estimated assets of less than $50,000 and liabilities of $1 million
to $10 million.

Judge Ernest M. Robles presides over the case.

Sandford L. Frey, Esq., at Leech Tishman Fuscaldo & Lampl, Inc.,
serves as legal counsel.


SCOTTDALE DETOX: Delays Plan to Close Sale Transaction
------------------------------------------------------
Scottsdale Detox Center Of Arizona, LLC, asks the U.S. Bankruptcy
Court for the District of Arizona to extend the time within which
the Debtor may file a Plan of Reorganization to July 25, 2018.

The Debtor believes it is more likely than not the Court will
ultimately confirm a Plan within the time frames set forth in
Section 1121(e) because it is still currently working with the
potential buyer in an effort to move forward with a Plan of
Reorganization.

The Debtor tells the Court that it has received a Letter of Intent
to acquire the assets of this estate, which the Debtor believes
will result in the payment in full to unsecured creditors.  The
Plan will encompass the proposed sale transaction, and the sale
transaction will be subject to Bankruptcy Court approval.

                  About Scottsdale Detox Center

Scottsdale Detox Center Of Arizona LLC sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Ariz. Case No.
17-11494) on Sept. 28, 2017.  Judge Eddward P. Ballinger, Jr.,
presides over the case.  Michael W. Carmel, Esq., at Michael W.
Carmel, Ltd., serves as the Debtor's bankruptcy counsel.  An
official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case.


SEARS HOLDING: Moody's Affirms Ca-PD Probability Default Rating
---------------------------------------------------------------
Moody's Investors Service affirmed the Ca-PD probability of default
rating of Sears Holding Corp. and appended the PDR with the "/LD"
(limited default) designation. All other ratings have been
affirmed. The rating outlook remains negative.

Outlook Actions:

Issuer: Sears Holdings Corp.

-- Outlook, Remains Negative

Affirmations:

Issuer: Sears Holdings Corp.

-- Probability of Default Rating, Affirmed Ca-PD /LD (/LD
    appended)

-- Speculative Grade Liquidity Rating, Affirmed SGL-4

-- Corporate Family Rating, Affirmed Ca

-- Senior Secured Bank Credit Facilities, Affirmed Caa1 (LGD2)

-- Senior Secured Regular Bond/Debenture, Affirmed Ca (LGD4)

-- Senior Unsecured Regular Bond/Debenture, Affirmed C (LGD6)

Issuer: Sears Roebuck Acceptance Corp.

-- Commercial Paper (Local Currency), Affirmed NP

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

RATINGS RATIONALE

These rating actions result from Sears closing its exchange offers,
which Moody's has characterized as a distressed exchange.

Moody's will remove the "/LD" designation from Sears PDR after
three days. These transactions do not constitute an event of
default under any of the company's debt agreements.

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


SEARS HOLDINGS: CEO Lampert Has 73.3% Stake as of March 20
----------------------------------------------------------
In a Schedule 13D/A filed with the Securities and Exchange
Commission, these entities disclosed beneficial ownership of shares
of common stock of Sears Holdings Corporation as of
March 20, 2018:

                                        Shares     Percentage
                                     Beneficially     of
  Reporting Person                       Owned      Shares
  ----------------                   ------------  ----------
ESL Partners, L.P.                    150,405,164     73.2%
JPP II, LLC                            60,000,000     35.7%
SPE I Partners, LP                        150,124      0.1%
SPE Master I, LP                          193,341      0.2%
RBS Partners, L.P.                    150,748,629     73.3%
ESL Investments, Inc.                 150,748,629     73.3%
JPP, LLC                               41,186,800     27.6%
Edward S. Lampert                     150,748,629     73.3%

The principal business of each of the Reporting Persons is
purchasing, holding and selling securities and other financial
instruments for investment purposes.  Partners is the sole member
of JPP II.  RBS is the general partner of Partners, SPE I and SPE
Master I.  ESL is the general partner of RBS.  Mr. Lampert is the
sole member of JPP and the chairman, chief executive officer and
director of ESL.  Mr. Lampert is also a limited partner of RBS. Mr.
Lampert is also Chairman of the Board of Directors and Chief
Executive Officer of Holdings.  Each of the Reporting Persons may
also serve as general partner or managing member of certain other
entities engaged in the purchasing, holding and selling of
securities for investment purposes.

On March 20, 2018, in connection with the completion of the
Exchange Offers, certain of the Reporting Persons tendered all of
their 2019 Notes and 2018 Notes in exchange for a like principal
amount of 8% Senior Unsecured Convertible PIK Toggle Notes due 2019
issued by Holdings and 6 5/8% Senior Secured Convertible PIK Toggle
Notes due 2019 issued by Holdings, respectively.  The Senior
Unsecured Convertible PIK Toggle Notes are convertible at the
option of an eligible holder into shares of Holdings Common Stock
at the conversion price of 120 shares of Holdings Common Stock per
$1,000 in principal amount of such Senior Unsecured Convertible PIK
Toggle Notes, or approximately $8.33 per share of Holdings Common
Stock, with interest on such Senior Unsecured Convertible PIK
Toggle Notes to be payable in-kind, at Holdings' option, by
increasing the principal amount of the Senior Unsecured Convertible
PIK Toggle Notes.  The Senior Secured PIK Toggle Notes are
convertible at the option of an eligible holder into shares of
Holdings Common Stock at the conversion price of 200 shares of
Holdings Common

Stock per $1,000 in principal amount of such Senior Secured PIK
Toggle Notes, or $5.00 per share of Holdings Common Stock, with
interest on such Senior Secured Convertible PIK Toggle Notes to be
payable in-kind, at Holdings' option, by increasing the principal
amount of the Senior Secured Convertible PIK Toggle Notes.  Though
the Senior Unsecured Convertible PIK Toggle Notes and the Senior
Secured PIK Toggle Notes are optionally convertible by the holders
thereof, they are mandatorily convertible at Holdings' option
within 30 days following the end of any period of 30 consecutive
trading days, ending on or after July 2, 2018, during which the
volume weighted average trading price of Holdings Common Stock on
the NASDAQ exceeds $10.00 for a period of 20 trading days.

In connection with the foregoing, (i) Partners may acquire up to
658,400 shares of Holdings Common Stock within 60 days upon the
conversion of Senior Secured Convertible PIK Toggle Notes into
shares of Holdings Common Stock; (ii) Mr. Lampert may acquire up to
3,341,600 shares of Holdings Common Stock within 60 days upon the
conversion of Senior Secured Convertible PIK Toggle Notes into
shares of Holdings Common Stock; (iii) Partners may acquire up to
6,231,180 shares of Holdings Common Stock within 60 days upon the
conversion of Senior Unsecured Convertible PIK Toggle Notes into
shares of Holdings Common Stock; and (iv) Mr. Lampert may acquire
up to 16,285,980 shares of Holdings Common Stock within 60 days
upon the conversion of Senior Unsecured Convertible PIK Toggle
Notes into shares of Holdings Common Stock.  The Senior Unsecured
Convertible PIK Toggle Notes will mature on Dec. 15, 2019.  The
Senior Secured Convertible PIK Toggle Notes will mature on
Oct. 15, 2019.

Mr. Lampert and Partners received the Senior Unsecured Convertible
PIK Toggle Notes and the Senior Secured Convertible PIK Toggle
Notes in exchange for tendering all of their 2019 Notes and 2018
Notes, respectively, and no cash consideration was paid by either
Mr. Lampert or Partners in connection with the receipt of such
Senior Unsecured Convertible PIK Toggle Notes and Senior Secured
Convertible PIK Toggle Notes.

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

                      https://is.gd/91nhey

                      About Sears Holdings

Based in Hoffman Estates, Illinois, Sears Holdings Corporation
(NASDAQ: SHLD) -- http://www.searsholdings.com/-- is an integrated
retailer focused on seamlessly connecting the digital and physical
shopping experiences to serve its members.  Sears Holdings is home
to Shop Your Way, a social shopping platform offering members
rewards for shopping at Sears and Kmart, as well as with other
retail partners across categories important to them.  The Company
operates through its subsidiaries, including Sears, Roebuck and Co.
and Kmart Corporation, with full-line and specialty retail stores
across the United States.

Sears Holdings reported a net loss of $383 million on $16.70
billion of total revenues for the year ended Feb. 3, 2018, compared
to a net loss of $2.22 billion on $22.13 billion of total revenues
for the year ended Jan. 28, 2017.  As of Feb. 3, 2018, Sears
Holdings had $7.26 billion in total assets, $10.98 billion in total
liabilities and a total deficit of $3.72 billion.

                          *     *     *

In January 2018, Fitch Ratings downgraded the Long-Term Issuer
Default Ratings (IDRs) on Sears Holdings Corporation, Sears Roebuck
Acceptance Corp. (SRAC) and Kmart Corporation to 'C' from 'CC'
following the company's announcement that it has commenced an
exchange of various tranches of debt held at these entities.  Fitch
also downgraded the second-lien secured notes of Holdings to
'CC'/'RR3' from 'CCC+'/'RR1'.

In January 2018, S&P Global Ratings lowered its corporate credit
rating on Sears Holdings Corp. to 'CC' from 'CCC-'.  The downgrade
follows Sears' announced offer to exchange some of its notes (8%
senior unsecured notes due 2019 and the 6.625% senior secured notes
due 2018) and amend the terms of its credit agreement for its
second-lien term loan.  S&P said, "We would treat the proposed
transactions, if completed, as tantamount to a default.  We base
this on our view that the PIK option and maturity extension differs
from the original promise on the debt issues and represents a
distressed exchange under our criteria."

In January 2018, Moody's Investors Service downgraded Sears
Holdings Corp.'s Corporate Family Rating to 'Ca' from 'Caa3'.
Sears' 'Ca' rating reflects the company's announced pursuit of debt
exchanges to extend maturities and its sizable operating losses -
Domestic Adjusted EBITDA (as defined by Sears) was an estimated
loss of approximately $625 million for the LTM period ending Oct.
28, 2017.


SEARS HOLDINGS: Completes Private Exchange Offers of Senior Notes
-----------------------------------------------------------------
Sears Holdings Corporation has completed its previously announced
private offers to exchange (i) 8% Senior Unsecured Notes due 2019
issued by the Company for a like principal amount of 8% Senior
Unsecured Convertible PIK Toggle Notes due 2019 of the Company and
(ii) 6 5/8% Senior Secured Notes due 2018 issued by the Company for
a like principal amount of 6 5/8% Senior Secured Convertible PIK
Toggle Notes due 2019 of the Company.  Pursuant to the Exchange
Offers, approximately $214 million aggregate principal amount of
Old Senior Unsecured Notes and approximately $170 million aggregate
principal amount of Old Senior Secured Notes were validly tendered,
accepted and cancelled and a like amount of New Senior Unsecured
Notes and New Senior Secured Notes, as applicable, were issued in
respect thereof.  In connection with the completion of the Exchange
Offers, the Company has also obtained the requisite consent of
holders of Old Senior Secured Notes to adopt amendments to the
indenture governing those notes to eliminate substantially all of
the restrictive covenants and certain events of default in such
indenture, and make the liens securing senior second lien
obligations, including the New Senior Secured Notes and obligations
under the second lien credit agreement, effectively senior to the
liens securing junior second lien obligations, including the Old
Senior Secured Notes.

The New Senior Unsecured Notes are convertible into common stock of
the Company, at a conversion price of 120 shares per $1,000 in
principal amount of indebtedness (or approximately $8.33 in
principal amount per share), with interest on those notes to be
payable in kind at the Company's option.  The New Senior Secured
Notes are convertible into common stock of the Company, at a
conversion price of 200 shares per $1,000 in principal amount of
indebtedness (or $5 in principal amount per share), with interest
on such notes to be payable in kind at the Company's option.  The
New Senior Unsecured Notes and the New Senior Secured Notes are
optionally convertible by the holders thereof, and are mandatorily
convertible at the Company's option if the volume weighted average
trading price of the common stock on the NASDAQ exceeds $10 for a
prescribed period.

The Company also entered into an amendment to its existing second
lien credit agreement to include a feature, with respect to the
term loan outstanding thereunder, permitting the payment of
interest in kind at the Company's option and to provide that the
Company's obligation with respect to such term loan is convertible
into common stock of the Company, on substantially the same
conversion terms as the New Senior Secured Notes.

The Company's subsidiary, Sears Roebuck Acceptance Corp., also
consummated a negotiated exchange with certain third parties
holding approximately $100 million in principal amount of senior
unsecured notes maturing between 2027 and 2043 and bearing interest
at rates between 6.50% and 7.50% per annum issued by SRAC, for new
unsecured notes maturing in March 2028, which New SRAC Exchange
Notes bear interest at a rate equal to 7.00% per annum (which
interest may be paid in kind at the option of the Company at rate
equal to 12.00% per annum).  The SRAC Exchange Notes are guaranteed
by the same subsidiaries of the Company which guarantee the New
Senior Secured Notes.

If all of the forgoing indebtedness is paid in kind at the
Company's option, the Company's quarterly cash interest expenses
will be reduced by approximately $15 million.

"The completion of these previously announced transactions will
strengthen our financial footing as we continue to execute on our
strategic transformation," said Edward S. Lampert, the Company's
chief executive officer.  "We remain resolutely committed to
enhancing our liquidity and working aggressively to return the
Company to profitability."

                     About Sears Holdings

Based in Hoffman Estates, Illinois, Sears Holdings Corporation
(NASDAQ: SHLD) -- http://www.searsholdings.com/-- is an integrated
retailer focused on seamlessly connecting the digital and physical
shopping experiences to serve its members.  Sears Holdings is home
to Shop Your Way, a social shopping platform offering members
rewards for shopping at Sears and Kmart, as well as with other
retail partners across categories important to them.  The Company
operates through its subsidiaries, including Sears, Roebuck and Co.
and Kmart Corporation, with full-line and specialty retail stores
across the United States.

Sears Holdings reported a net loss of $383 million on $16.70
billion of total revenues for the year ended Feb. 3, 2018, compared
to a net loss of $2.22 billion on $22.13 billion of total revenues
for the year ended Jan. 28, 2017.  As of Feb. 3, 2018, Sears
Holdings had $7.26 billion in total assets, $10.98 billion in total
liabilities and a total deficit of $3.72 billion.

                          *     *     *

In January 2018, Fitch Ratings downgraded the Long-Term Issuer
Default Ratings (IDRs) on Sears Holdings Corporation, Sears Roebuck
Acceptance Corp. (SRAC) and Kmart Corporation to 'C' from 'CC'
following the company's announcement that it has commenced an
exchange of various tranches of debt held at these entities.  Fitch
also downgraded the second-lien secured notes of Holdings to
'CC'/'RR3' from 'CCC+'/'RR1'.

In January 2018, S&P Global Ratings lowered its corporate credit
rating on Sears Holdings Corp. to 'CC' from 'CCC-'.  The downgrade
follows Sears' announced offer to exchange some of its notes (8%
senior unsecured notes due 2019 and the 6.625% senior secured notes
due 2018) and amend the terms of its credit agreement for its
second-lien term loan.  S&P said, "We would treat the proposed
transactions, if completed, as tantamount to a default.  We base
this on our view that the PIK option and maturity extension differs
from the original promise on the debt issues and represents a
distressed exchange under our criteria."

In January 2018, Moody's Investors Service downgraded Sears
Holdings Corp.'s Corporate Family Rating to 'Ca' from 'Caa3'.
Sears' 'Ca' rating reflects the company's announced pursuit of debt
exchanges to extend maturities and its sizable operating losses -
Domestic Adjusted EBITDA (as defined by Sears) was an estimated
loss of approximately $625 million for the LTM period ending Oct.
28, 2017.


SEARS HOLDINGS: Lowers Net Loss to $383 Million in Fiscal 2017
--------------------------------------------------------------
Sears Holdings Corporation filed with the Securities and Exchange
Commission its Annual Report on Form 10-K reporting a net loss of
$383 million on $16.70 billion of total revenues for the year ended
Feb. 3, 2018, compared to a net loss of $2.22 billion on $22.13
billion of total revenues for the year ended Jan. 28, 2017.

As of Feb. 3, 2018, Sears Holdings had $7.26 billion in total
assets, $10.98 billion in total liabilities and a total deficit of
$3.72 billion.

Total revenues decreased $5.4 billion, or 24.6%, to $16.7 billion
in 2017 compared to 2016 primarily driven by the decline in
merchandise sales of $4.8 billion.  The decline in merchandise
sales included a decrease of approximately $3.2 billion as a result
of having fewer Kmart and Sears Full-line stores in operation.  For
the full year, comparable store sales declined 13.5%, which
contributed to $1.9 billion of the revenue decline relative to the
prior year.  The Company recognized approximately $189 million of
revenues during the 53rd week of 2017.  Services and other revenues
declined $609 million during 2017 as compared to 2016, primarily
driven by a decline in service-related revenues of approximately
$295 million, as well as a decline in revenues from Sears Hometown
and Outlet Stores, Inc. of approximately $208 million during 2017
as compared to 2016.

Kmart comparable store sales declined 11.4% for the full year
primarily driven by declines in the pharmacy, grocery & household,
home, drugstore, consumer electronics and apparel categories. Sears
Domestic comparable store sales for the year declined 15.2%
primarily driven by decreases in the home appliances, apparel,
consumer electronics and lawn & garden categories.

Total gross margin declined $1.2 billion to $3.5 billion in 2017 as
compared to the prior year primarily as a result of the above noted
decline in sales, as well as a slight decline in gross margin rate,
as the decline in gross margin rate for merchandise sales was
partially offset by an improvement in gross margin rate for
services and other.  Gross margin for 2017 and 2016 included
charges of $227 million and $226 million, respectively, related to
store closures.  Gross margin for 2017 and 2016 also included
credits of $78 million and $88 million, respectively, related to
the amortization of the deferred gain on sale of assets associated
with the Seritage transaction, while 2016 also included one-time
vendor credits of $33 million.

Selling and administrative expenses decreased $978 million to $5.1
billion in 2017 from $6.1 billion in 2016 and included significant
items which aggregated to an expense of $893 million and $510
million for 2017 and 2016, respectively. Excluding these items,
selling and administrative expenses declined $1.4 billion,
primarily due to a decrease in payroll expense.  In addition,
advertising expense also declined as we continued to shift away
from traditional advertising to use of Shop Your Way points
expense, which is included within gross margin.  Selling and
administrative expenses as a percentage of total revenues were
30.7% and 27.6% for 2017 and 2016, respectively, as the decreases
in overall selling and administrative expenses were more than
offset by the above noted decline in revenues.

Depreciation and amortization expense decreased by $43 million
during 2017 to $332 million, as compared to 2016, primarily due to
having fewer assets to depreciate.

The Company had total cash balances of $336 million and $286
million at Feb. 3, 2018 and Jan. 28, 2017, respectively.

The Company used $1.8 billion of cash in its operations during
2017, $1.4 billion during 2016 and $2.2 billion during 2015.  Its
primary source of operating cash flows is the sale of goods and
services to customers, while the primary use of cash in operations
is the purchase of merchandise inventories and the payment of
operating expenses.  The Company used more cash in operations in
2017 compared to 2016 primarily due to declines in merchandise
payables and other liabilities, partially offset by a decline in
merchandise inventories.  The Company used less cash in operations
in 2016 compared to 2015 primarily due to a decrease in its net
inventory.

Merchandise inventories were $2.8 billion and $4.0 billion,
respectively, at Feb. 3, 2018 and Jan. 28, 2017, while merchandise
payables were approximately $0.6 billion and $1.0 billion,
respectively, at Feb. 3, 2018 and Jan. 28, 2017.  The Company's
inventory balances decreased approximately $1.2 billion primarily
due to both store closures and improved productivity.  Sears
Domestic inventory decreased in virtually all categories, with the
most notable decreases in the apparel, tools and home appliances
categories.  Kmart inventory decreased in all categories with the
most notable decreases in the apparel, home, drugstore and grocery
& household categories.

The Company generated net cash flows from investing activities of
$1.9 billion in 2017, $244 million in 2016 and $2.5 billion in
2015.  For 2017, net cash flows from investing activities consisted
of cash proceeds from the sale of properties and investments of
$1.1 billion, proceeds from the Craftsman Sale of $572 million and
proceeds from the sale of receivables of $293 million, partially
offset by cash used for capital expenditures of $80 million.

The Company spent $80 million, $142 million and $211 million during
2017, 2016 and 2015, respectively, for capital expenditures.
Capital expenditures during all three years primarily included
investments in online and mobile shopping capabilities,
enhancements to the Shop Your Way platform, information technology
infrastructure and store maintenance.

During 2017, the Company used net cash flows in financing
activities of $2 million, which consisted of debt repayments of
$1.4 billion and the payment of debt issuance costs of $43 million,
offset by proceeds from debt issuances of $1.0 billion, an increase
in short-term borrowings of $271 million and $106 million of net
cash proceeds received from sale-leaseback financing transactions.

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

                     https://is.gd/vOAQ25

                     About Sears Holdings

Based in Hoffman Estates, Illinois, Sears Holdings Corporation
(NASDAQ: SHLD) -- http://www.searsholdings.com/-- is an integrated
retailer focused on seamlessly connecting the digital and physical
shopping experiences to serve its members.  Sears Holdings is home
to Shop Your Way, a social shopping platform offering members
rewards for shopping at Sears and Kmart, as well as with other
retail partners across categories important to them.  The Company
operates through its subsidiaries, including Sears, Roebuck and Co.
and Kmart Corporation, with full-line and specialty retail stores
across the United States.

                          *     *     *

In January 2018, Fitch Ratings downgraded the Long-Term Issuer
Default Ratings (IDRs) on Sears Holdings Corporation, Sears Roebuck
Acceptance Corp. (SRAC) and Kmart Corporation to 'C' from 'CC'
following the company's announcement that it has commenced an
exchange of various tranches of debt held at these entities.  Fitch
also downgraded the second-lien secured notes of Holdings to
'CC'/'RR3' from 'CCC+'/'RR1'.

In January 2018, S&P Global Ratings lowered its corporate credit
rating on Sears Holdings Corp. to 'CC' from 'CCC-'.  The downgrade
follows Sears' announced offer to exchange some of its notes (8%
senior unsecured notes due 2019 and the 6.625% senior secured notes
due 2018) and amend the terms of its credit agreement for its
second-lien term loan.  S&P said, "We would treat the proposed
transactions, if completed, as tantamount to a default.  We base
this on our view that the PIK option and maturity extension differs
from the original promise on the debt issues and represents a
distressed exchange under our criteria."

In January 2018, Moody's Investors Service downgraded Sears
Holdings Corp.'s Corporate Family Rating to 'Ca' from 'Caa3'.
Sears' 'Ca' rating reflects the company's announced pursuit of debt
exchanges to extend maturities and its sizable operating losses -
Domestic Adjusted EBITDA (as defined by Sears) was an estimated
loss of approximately $625 million for the LTM period ending Oct.
28, 2017.


SKYVIEW ACADEMY: S&P Lowers Rating on 2014 School Bonds to 'BB'
---------------------------------------------------------------
S&P Global Ratings lowered its rating on the Colorado Educational &
Cultural Facilities Authority's series 2014 fixed-rate charter
school revenue and refunding bonds, issued for SkyView Academy
(SA), to 'BB' from 'BB+'. The outlook is stable.

"We lowered the rating based in part on our U.S. Not-for-Profit
Charter School methodology and on our view of SA's softening
financial profile from historical levels demonstrated by thin
maximum annual debt service coverage, which is no longer
commensurate with a 'BB+' rating," said S&P Global Ratings credit
analyst Brian Marshall.

"We assessed SA's enterprise profile as adequate, characterized by
solid enrollment base with more than 1,000 students and a favorable
relationship with the local school district as authorizer despite
competing with it for students. Although the board and senior
management team remain mostly intact, the school is searching for a
new head of school to replace its former executive director; the
lack of an extended track record of the senior management team
working with the potential new head of school currently constrains
any upward mobility of our assessment of the enterprise profile. We
assessed SA's financial profile as vulnerable, based on thin
maximum annual debt service (MADS) coverage, recent full accrual
deficits, and a high debt burden.
Our view of the school's financial profile is tempered, in part, by
the fact that management attributes the deficit in fiscal 2017 to
one-time capital-related expenses that will go away in fiscal 2018,
leading to projected surpluses in fiscal 2018 on a cash basis. We
believe that, combined, these credit factors lead to an indicative
stand-alone credit profile of 'bb' and a final rating of 'BB'."

The 'BB' rating reflects S&P's view of the school's:

-- Slim MADS coverage compared to higher-rated peers within the
'BB' rating category;

-- Weakened liquidity in fiscal 2017 more commensurate with 'BB'
medians;

-- High debt burden, with no near-term capital plans; 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 our opinion, are SA's:

-- Increased per-pupil funding from the State of Colorado in
fiscal 2018, with similar levels of support expected in fiscal
2019;

-- Solid demand profile and a history of good academic
performance, with a niche curriculum centered on classical liberal
arts instruction; and

-- Good relationship with the authorizer as demonstrated in the
June 2017 five-year charter renewal.

SA is a pre-kindergarten to grade 12 charter school situated on one
campus in Highland Ranch (Douglas County), Colo., approximately 15
miles south of Denver. The school is in its eighth year of
operations, and serves nearly 1,300 students, instructing them
through a classical liberal arts curriculum.

The 2014 bond proceeds were used to refund SA's 2012 bonds and
finance additional facility improvements. The bonds are secured by
the school's revenue (as defined in the governing bond documents),
which consists primarily of state per-pupil funding.

S&P said, "The stable outlook reflects our expectation that, in the
next year, the charter school will maintain a steady financial
profile by generating full accrual operating  margins sufficient to
cover MADS and in line with the current 'BB' rating level while
maintaining liquidity near current levels. We anticipate that SA's
demand profile will continue to reflect solid academics and stable
enrollment trends.

"We could lower the rating if enrollment declines significantly,
operations produce deficits due to budgetary pressures related to
increasing pension expenses or additional debt, MADS coverage
weakens, or cash on hand decreases significantly.

"A positive rating action is unlikely over the two-year outlook
period, given the moderately high MADS carrying charge, current
coverage levels, and overall softening of the financial profile.
However, in the medium term, we could consider raising the rating
if the school demonstrates a trend of MADS coverage and liquidity
levels that are more consistent with a higher rating while
maintaining its enrollment and demand profile."


SNOWTRACKS COMMERCIAL: Byline Wants Amended Plan Outline Revised
----------------------------------------------------------------
Byline Bank objects to the approval of SnowTracks Commercial Winter
Management, LLC and Michael P. Bronsteatter's first amended
combined disclosure statement dated Feb. 7, 2018 because it does
not provide adequate information.

Byline Bank states that the Disclosure Statement must provide
additional information in these areas:

Bronsteatter Class 2. Section 2.2(B) addresses the secured claim of
Lincoln Community Bank against the property at W4008 County Road G,
Merrill. Byline Bank also holds a subordinate mortgage against that
property, which was filed with the Court with the Byline Bank Proof
of Claim (Claim 29-1, p. 41). The existence of the Byline Bank
mortgage should be acknowledged and its treatment proposed.
Further, and also as to any Plan treatment, Byline Bank asserts
that this property is worth more than $103,000, including as
described in the equity calculations filed with the Byline Bank
Proof of Claim. A process for objection to the Byline Bank Claim,
or otherwise for determination of this valuation dispute should be
stated. Any equity available in this retained property should be
paid to Byline Bank.

Snowtracks Class 10. Section 2.3(J) addresses general unsecured
claims and implicates Byline Bank in two regards. First, on its
bifurcated claim, Byline Bank may be the largest single unsecured
creditor. Second, Byline Bank is the primary creditor and first
lienholder to both Great Lakes Alfalfa, LLC and Great Lakes Alfalfa
Transport, LLC. The Disclosure Statement is unclear on the basis
for obligations of GLA and GLAT to the Debtors and is further
unclear on the sources of the proposed payments to the Debtors. The
Debtors should fully explain their relationship with GLA and GLAT,
including whether based on equity stake or money lent. The Debtors
should further explain the sources for the GLA or GLAT funding of
this Class 10. Finally, and for the avoidance of doubt, Byline Bank
has not agreed to any diversion of cash from GLA or GLAT including
to the extent it constitutes cash collateral and Byline Bank has
not agreed to any treatment or modification of rights by and
between itself and the non-parties GLA and GLAT based on Byline
Bank’s participation in these cases.

Byline Bank requests that the Court deny approval of Debtors'
Disclosure Statement unless it is revised to address the foregoing
objections.

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

     http://bankrupt.com/misc/wiwb1-17-10755-185.pdf

Attorneys for Byline Bank:

     Daniel J. Habeck, SBN 1030959
     Cramer, Multhauf & Hammes, LLP
     1601 E. Racine Avenue, Suite 200
     P.O. Box 558
     Waukesha, WI 53187-0558
     Phone: (262) 542-4278
     Fax: (262) 542-4270
     Email: djh@cmhlaw.com

         About Snowtracks Commercial Winter Management

Snowtracks Commercial Winter Management, LLC, filed a Chapter 11
bankruptcy petition (Bankr. W.D.WI. Case No. 17-10755) on March 10,
2017.  Michael P. Bronsteatter, manager, signed the petition.  The
Debtor estimated $1 million to $10 million in both assets and
liabilities.

The Hon. William V. Altenberger is the case judge.

Sweet DeMarb LLC was originally the Debtor's counsel.  Sweet DeMarb
LLC retired its operation as of Dec. 31, 2017, and DeMarb Brophy
LLC was tapped as the new counsel.  Rebecca R. DeMarb, who was a
partner at Sweet DeMarb, is a partner at DeMarb Brophy. 


SNOWTRACKS COMMERCIAL: CHNi Blocks Approval of Disclosure Statement
-------------------------------------------------------------------
CNH Industrial Capital America LLC objects to SnowTracks Commercial
Winter Management, LLC, and Michael Bronsteatter's first amended
combined disclosure statement filed on Feb. 7, 2018.

SnowTracks was obligated to CNHi on the Petition Date pursuant to
an Equipment Operating Lease Agreement dated Nov. 7, 2014 for the
use of a New Holland Compact Track Loader, Model C238, S/N
NEM470796.

Bronsteatter was obligated to CNHi on the Petition Date pursuant to
a) a Retail Installment Sale Contract and Security Agreement dated
Jan. 23, 2013, for the purchase of a New Holland Compact Wheel
Loader, Model W80B, S/N NBHP00314, one (1) Bobcat, and three (3)
Protech attachments; b) a Retail Installment Sale Contract and
Security Agreement dated April 30, 2013, for the purchase of a Case
Wheel Loader, Model 521E, S/N NCF211779, and a Case Wheel Loader,
Model 521E, S/N NCF211953; and c) a Retail Installment Sale
Contract and Security Agreement dated Oct. 15, 2013, for the
purchase of a Case Wheel Loader, Model 521E, S/N N8F206510.

CNHi complains that the Debtors make contradictory statements about
the purpose of the reorganization in the Disclosure Statement. The
Debtors state that they intend to "formally separate their holdings
so that the snow plowing and lawn care business operations assets
and liabilities are held by SnowTracks." The Debtors also indicate
that they "do not intend to (1) release Bronsteatter from personal
liability for an obligation for which he had personal liability on
the Petition Date; or (2) have SnowTracks take on any obligation it
did not have on the Petition Date." The only reasonable way to
interpret this language is that the pre-petition status quo will be
unchanged after confirmation--SnowTracks debts will be owed and
paid by SnowTracks, and Bronsteatter debts will be owed and paid by
Bronsteatter.
 
But that is not what the proposed plan in Section II of the
Disclosure Statement says. At least as to the Bronsteatter Accounts
owed to CNHi, the Proposed Plan provides that "SnowTracks will
assume the business obligations of Bronsteatter listed below."
Later in the Proposed Plan, the Debtors state that "the
Bronsteatter Business Property listed on Schedule A [which is
entitled "Assets to be Transferred" and includes the CNHi
collateral covered by the Bronsteatter Security Agreements] shall
vest in Reorganized SnowTracks on the Confirmation Date and subject
to the terms of this Plan."

These contradictions regarding post-Effective Date liability on, in
CNHi's case, secured claims owed directly to CNHi exceeding
$286,000 in a combined outstanding balance owed illustrates the
Debtors' failure to provide "adequate information" to CNHi.

Additionally, the Debtors fail to disclose an "Equipment Agreement"
between SnowTracks and Black Granite Grain Co. LLC dated March 8,
2017. Black Granite is currently in Chapter 12. The Equipment
Agreement covers other CNHi equipment collateral financed by Black
Granite but allegedly rented to SnowTracks under the Equipment
Agreement. Upon information and belief, Black Granite is owned
and/or managed by Michael Bronsteatter and the companies share
equipment, managers, rented real estate, etc. None of this is
disclosed in the Disclosure Statement.

For at least the foregoing reasons, the Debtors have failed to
satisfy "adequate information" requirement of 11 U.S.C. section
1125.

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

     http://bankrupt.com/misc/wiwb1-17-10755-183.pdf

Attorneys for CNH Industrial Capital America LLC:

     Christopher J. Schreiber, SBN 1039091
     von Briesen & Roper, s.c.
     411 E. Wisconsin Avenue, Suite 1000
     Milwaukee, WI 53202
     Telephone: (414) 287-1212
     Facsimile: (414) 238-6648
     E-mail: cschreib@vonbriesen.com

       About Snowtracks Commercial Winter Management

Snowtracks Commercial Winter Management, LLC, filed a Chapter 11
bankruptcy petition (Bankr. W.D.WI. Case No. 17-10755) on March 10,
2017.  Michael P. Bronsteatter, manager, signed the petition.  The
Debtor estimated $1 million to $10 million in both assets and
liabilities.

The Hon. William V. Altenberger is the case judge.

Sweet DeMarb LLC was originally the Debtor's counsel.  Sweet DeMarb
LLC retired its operation as of Dec. 31, 2017, and DeMarb Brophy
LLC was tapped as the new counsel.  Rebecca R. DeMarb, who was a
partner at Sweet DeMarb, is a partner at DeMarb Brophy.


SOUTHEAST PROPERTY: May 9 Plan Confirmation Hearing
---------------------------------------------------
Judge Jerry A. Brown of the U.S. Bankruptcy Court for the Eastern
District of Louisiana on March, 2018, approved the amended
disclosure statement with respect to Southeast Property Group,
LLC's amended plan of liquidation.

The Confirmation Hearing is scheduled to be conducted on May 9,
2018, at 2:30 p.m.  Objections to confirmation of the Plan must be
filed on or before May 2, 2018. The Debtor must reply to the
objections no later than May 2, 2018.

                  About Southeast Property Group

Southeast Property Group, LLC, sought protection under Chapter 11
of the Bankruptcy Code (Bankr. E.D. La. Case No. 17-12468) on Sept.
15, 2017.  Michael Peralta, its member and manager, signed the
petition.  

Southeast Property Group is the fee simple owner of 14.38 acres of
land in Lafayette Parish, Louisiana, valued by the Debtor at $1.10
million.  The Debtor is a "single asset real estate business."

At the time of the filing, the Debtor disclosed $1.10 million in
assets and $1.54 million in liabilities.

Judge Elizabeth W. Magner presides over the case.

Southeast Property Group tapped Jones Walker LLP as counsel.


SOUTHEASTERN GROCERS: Files for Chapter 11 With Prepack Plan
------------------------------------------------------------
Southeastern Grocers and 26 affiliates commenced on March 27, 2018,
voluntary cases under Chapter 11 of the United States Bankruptcy
Code with the United States Bankruptcy Court for the District of
Delaware to implement the pre-packaged plan of reorganization.

Before the bankruptcy filing, SEG announced on March 15, 2018, that
it entered into an Restructuring Support Agreement with a group of
creditors collectively holding 80% of its 8.625%/9.375% Senior PIK
Toggle Notes due September 2018 and its private equity sponsor
regarding the terms of a comprehensive financial restructuring that
will position SEG for long-term financial health.  Thereafter, SEG
commenced solicitation of votes on the prepackaged Chapter 11
plan.

As of the Petition Date, the Prepackaged Plan has already received
overwhelming support, with 100% of unsecured notes and existing SEG
equity interests that have voted thus far having accepted the
Prepackaged Plan.

The Debtors have proposed that the solicitation period for the
Prepackaged Plan will remain open for another nine days until April
5, 2018, for a total solicitation period of 21 days.

The restructuring process is expected to significantly strengthen
SEG's balance sheet.  In its petition, SEG estimated $1 billion to
$10 billion in both assets and liabilities.  The Company said the
restructuring provides for a substantial reduction of overall debt
levels by over $500 million, a reduction of the Company's annual
debt service obligations by approximately $40 million, and allows
the Debtors to sell or close unprofitable locations to ensure the
Debtors' viability and profitability going forward.

SEG said the significant reduction in debt will result in reduced
interest expense, allowing SEG to invest more cash flow back into
the business in the form of increased capital expenditures for
store remodels and new stores.  SEG said earlier this month it will
close 94 underperforming stores.  At the time of filing, the
Company said it will continue to operate over 580 stores.

The balance sheet restructuring only impairs the holders of
Unsecured Notes Claims, Existing SEG Equity Interests and Other
Interests.

Other than unsecured notes claims, holders of general unsecured
claims, including supplier partners, contract counterparties, and
all other trade creditors will receive payment in full on account
of existing obligations in the ordinary course of business.

SEG has secured 100% committed exit financing in the form of a
senior secured six-year term loan facility in the original
principal amount of $525 million and an asset-based lending (ABL)
revolving credit facility.

                    Terms of Restructuring

Generally, under the Prepackaged Plan, in exchange for the
cancellation of the unsecured notes, each holder of an unsecured
notes claim will receive its pro rata share of 100% of the new
common stock issued pursuant to the Prepackaged Plan and
outstanding immediately following the Effective Date.

Under the terms of the proposed restructuring:

   * The Company's outstanding secured debt obligations, including
its Secured Notes and the 2014 Revolving Credit Facility, will be
paid in full.

   * The Company has secured 100% committed exit financing in the
form of a senior secured six-year term loan facility in the
original principal amount of $525 million and an asset-based
lending (ABL) revolving credit facility.

   * The Unsecured Notes will be cancelled in exchange for 100% of
equity in the reorganized Company.

   * Holders of general unsecured claims, including supplier
partners, contract counterparties, and all other trade creditors
will receive payment in full on account of existing obligations in
the ordinary course of business.

   * The holder of the Company's existing equity will receive a
five-year warrant (subject to dilution) and certain global
settlement consideration.

   * 581 stores will continue to operate throughout the Company's
footprint.

The restructuring on the Company's capital structure will reduce
funded debt by $500 million:

         Pre-Restructuring
         -----------------
  ABL Facility Claims                    $385,000,000
  Secured Notes Claims                   $425,000,000
  Unsecured Notes Claims                 $522,000,000
                                         ------------
  Total Current Corporate Funded Debt   $1,331,000,000

  General Unsecured Claims               [$_________]

  Existing SEG Equity Interests                  100%

          Post-Restructuring
          ------------------
  Exit ABL Facility                      $600,000,000 in
                                         Available commitments

  Exit Term Loan Facility                $525,000,000

  Unsecured Notes Claims                 Unsecured Notes Claims
                                         cancelled in exchange
                                         for 100% of New Common
                                         Stock
                                         --------------
  Total Reorganized Corp. Funded Debt    $741,000,000

  Existing SEG Equity Interests          Cancelled in exchange
                                         for Warrant and Global
                                         Settlement

  General Unsecured Claims               Unimpaired

                  Confirmation Within 90 Days

The Restructuring Support Agreement contains various termination
events.  The Requisite Consenting Noteholders or the Consenting
Lone Star Parties may terminate the Restructuring Support Agreement
upon the occurrence of various events or the Debtors’ failure to
satisfy certain milestones in the Chapter 11 Cases, including if:

   * the Debtors have not filed the Prepackaged Plan, the
Disclosure Statement, the Cash Collateral Motion, and the
Scheduling Motion within one business day following the Petition
Date;

   * the Prepackaged Plan and the Disclosure Statement have not
been approved by the Court within 90 days following the Petition
Date; or

   * the Prepackaged Plan has not become effective within 135 days
following the Petition Date.

                     Business as Usual

SEG said it will continue operating throughout the Chapter 11
process, and its associates remain focused on exceeding the needs
of customers and consistently delivering great service, quality and
value in SEG's stores.

Anthony Hucker, President and Chief Executive Officer of SEG, said,
"With the support of our key stakeholders, we are taking the next
step in the implementation of our financial restructuring plan.
This pre-packaged, court-supervised financial restructuring process
provides for a clear and expedited path to put SEG in the best
position to serve our communities and succeed in the competitive
retail market in which we do business."

Mr. Hucker continued, "Our operations will continue to thrive
throughout the seven states we serve with more than 580 stores
operating under the BI-LO, Fresco y Mas, Harveys Supermarket and
Winn-Dixie banners.  We are extremely pleased that this process
continues to proceed quickly and as planned.  With each key
milestone reached, we move closer to emerging and making
Southeastern Grocers into a true success story for our associates,
our customers and the communities we serve."

                        First Day Motions

SEG has filed a number of customary motions seeking court
authorization to continue to support its business operations during
the court-supervised restructuring process, including the continued
payment of associate wages and benefits without interruption.  SEG
expects to receive court approval for all of these requests.

A hearing on the First Day Motions will be held on March 28, 2018
at 10:30 am (ET) before the Honorable Mary F. Walrath, in the
Bankruptcy Court for the District of Delaware in Wilmington.

                    About Southeastern Grocers

Southeastern Grocers, LLC, (SEG), the parent company and home of
BI-LO, Fresco y Mas, Harveys Supermarket and Winn-Dixie grocery
stores, is one of the largest conventional supermarket companies in
the U.S. SEG grocery stores, liquor stores and in-store pharmacies
serve communities throughout the seven southeastern states of
Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina
and South Carolina.  BI-LO, Fresco y Mas, Harveys Supermarket and
Winn-Dixie are well known and well-respected regional brands with
deep heritages, strong neighborhood ties, proud histories of giving
back, talented and caring associates and strong commitments to
providing the best possible quality and value to customers.  Their
Web sites are http://www.bi-lo.com/, http://www.frescoymas.com/,
http://www.harveyssupermarkets.com/and http://www.winndixie.com/

BI-LO and its affiliates filed for Chapter 11 bankruptcy protection
on March 23, 2009 (Bankr. D. S.C. Case No. 09-02140).  BI-LO
emerged from bankruptcy in May 2010 with Lone Star Funds remaining
as majority owner.

Winn-Dixie Stores, Inc., sought Chapter 11 protection (Bankr.
S.D.N.Y. Case No. 05-11063, transferred Apr. 14, 2005, to Bankr.
M.D. Fla. Case Nos. 05-03817 through 05-03840) on Feb. 21, 2005.

In December 2011, BI-LO Holdings signed a deal to acquire all of
the outstanding shares of Winn-Dixie Stores stock in a merger.
Holdings was later renamed Southeastern Grocers.

On March 27, 2018, Southeastern Grocers, LLC and 26 affiliated
debtors sought Chapter 11 protection (Bankr. D. Del. Lead Case  No.
18-10700).  SEG commenced Chapter 11 cases to seek confirmation of
a prepackaged chapter 11 plan that will cancel their unsecured
notes in exchange for 100% of the equity of the reorganized
company.

The Debtors have requested joint administration of the cases.  The
Honorable Mary F. Walrath oversees the cases.

Weil, Gotshal & Manges LLP is serving as legal counsel to the
Debtors, Evercore is serving as their investment banker, and FTI
Consulting Inc. as restructuring advisor.  Prime Clerk LLC is the
claims and noticing agent.

Morrison & Foerster LLP is serving as legal counsel and Moelis &
Company LLC is serving as financial advisor to an ad hoc group of
holders of Unsecured Notes and 9.25% Senior Secured Notes due 2019.


SPECTRUM HEALTHCARE: 19th Cash Collateral Order Entered
-------------------------------------------------------
The Hon. James J. Tancredi of the U.S. Bankruptcy Court for the
District of Connecticut has signed a nineteenth order authorizing
Spectrum Healthcare LLC, and its debtor-affiliates interim use of
cash collateral consistent with the approved budget.

The further hearing on the continued use of cash collateral for
will be held on March 29, 2018 at 2:30 p.m.

The Debtors sought authorization to use the cash collateral of
their secured creditors: (1) MidCap Funding IV LLC, as assignee of
MidCap Financial, LLC; (2) CCP Finance I, LLC, as assignee of
Nationwide Health Properties, LLC, as Lender under the NHP Loan;
(3) CCP Park Place 7541 LLC and CCP Torrington 7542 LLC, as agents
for NHP with respect to the NHP Lease; (4) Love Funding
Corporation; (5) the Secretary of Housing and Urban Development, as
additional secured party with LFC; and (6) the State of Connecticut
Department of Revenue Services.

The Debtors are authorized to pay only their current expenses as
reflected in the budgets.  However, Spectrum Torrington has been
omitted from the Budget because it and the parties with an interest
in cash collateral anticipate addressing the use of cash collateral
on ad hoc or per item basis based on consent or, if consent cannot
be reached, by further order of the Court.

Spectrum Manchester Realty or its assignee, MidCap, as the case may
be, and the CCP Landlords reserve the right to assert any accrued
but unpaid rent or other lease obligations owed or to become owed
to them, respectively, as administrative expense claims.

Such Administrative Rent Claims will be subordinate to any unpaid,
non-professional administrative expenses at the conclusion of the
sale process contemplated by Nineteenth Order or any wind down
process that may occur in these cases, except, to the extent of
$6,000 per week of rent for each of the CCP Landlords and Spectrum
Manchester Realty or its assignee, MidCap, as the case may be, as
to such subordination.

The Debtors will adequately protect Secured Parties by:

     (a) Granting to them replacement liens on the Collection
Accounts and the debtor-in-possession accounts of the Debtors, to
the same extent (if any) and with the same validity, enforceability
and priority as the MidCap Prepetition Liens, the NHP Prepetition
Liens, the CCP Landlords' Prepetition Liens and the LFC Prepetition
Liens (along with HUD's lien as additional secured party) had (and
after application of the terms and conditions of the NHC
Intercreditor and the LFC Intercreditor Agreements) against the
Debtors' deposit accounts and other assets prior to the Petition
Date, and

     (b) Making weekly adequate protection payments of $3,000 to
Midcap.

In addition, having ceased operations and vacated its leased
premises, Spectrum Torrington will retain and not spend any and all
collections received for the period of this budget absent consent
from MidCap or a further Court Order.

The Secured Parties are each granted additional replacement lien in
cash collateral, accounts including (without limitation) healthcare
insurance receivables and governmental healthcare receivables and
all proceeds thereof whether deposited in the collections accounts,
any payment account or elsewhere, and other collateral in which
each of the Secured Parties held a security interest prepetition,
whether acquired before or after the Petition Date

Excluded from the liens and interests held by the Secured Creditors
in property of the Debtors' bankruptcy estates, including any
replacement lien granted by the Nineteenth Order will be: (a) any
lien on or interest in the Debtors' claims, causes of claim or
proceeds from Avoidance Actions, and (b) a carveout for payment of
the Debtors' professional fees in the amount of $300,000, less
payments received on account of such fees pursuant to the Spectrum
Manchester Plan, plus an additional $10,000 if the Debtors'
prospective motion for an orderly wind-down of Spectrum Derby's
business and operations is subject to an objection and a contested
hearing, with the carve-out for payment of the professionals of the
Committee having been exhausted by reason of fees its professionals
received pursuant to the Spectrum Manchester Plan.

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

              http://bankrupt.com/misc/ctb16-21635-721.pdf

                   About Spectrum Healthcare

Spectrum Healthcare LLC is a nursing home operator, owning six
nursing facilities have 716 beds and employing 725 people.

Spectrum Healthcare LLC and its affiliates previously filed Chapter
11 petitions (Bankr. D. Conn. Lead Case No. 12-22206) on Sept. 10,
2012.

Spectrum Healthcare, LLC, and its affiliates again sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Conn.
Case Nos. 16-21635 to 16-21639) on Oct. 6, 2016.  

In the petitions signed by CFO Sean Murphy, Spectrum Healthcare,
LLC, disclosed $282,369 in assets and estimated less than $1
million in liabilities.  Affiliate Spectrum Healthcare Derby
disclosed $2,068,467 in assets and estimated less than $10 million
in debt.

The Debtors are represented by Elizabeth J. Austin, Esq., Irve J.
Goldman, Esq., and Jessica Grossarth, Esq., at Pullman & Comley,
LLC.  Blum, Shapiro & Co., P.C., serves as their accountant and
financial advisor.

William K. Harrington, the U.S. Trustee for the District of
Connecticut, appointed Nancy Shaffer, M.A., a member of the
Connecticut Long Term Care Ombudsman's Office, as the Patient Care
Ombudsman for the Debtors.


STAR PERFORMANCE: Seeks Authority to Use Cash Collateral
--------------------------------------------------------
Star Performance Realty, Inc., seeks authority from the U.S.
Bankruptcy Court for the Middle District of Florida to use cash,
accounts receivable and other income derived from its operations to
fund its continuing operating expenses and costs of administration
in this case for the duration of the chapter 11 case.

The Debtor believes that these creditors may claim blanket liens
against its assets: (a) South Shore Real Estate, LLC claiming
approximately $106,675; (b) SunTrust Bank claiming $100,000; and
(c) Corporation Service Company, as representative.

In addition, the following creditors hold first position liens on
specific assets of the Debtor: (a) Ally Financial holds a claim in
the amount of $24,919 secured by lien on a 2016 Honda; (b) Image
Net holds a claim in the amount of $19,200 secured by lien on two
HP Printers and two copiers; and (c) Televoip holds a claim in the
amount of $8,000 secured by a lien on a phone system.
As adequate protection for the use of cash collateral, the Debtor
offers the Secured Creditors the following:

      (a) Post-petition replacement liens on the Secured Creditor
Assets to the same extent, validity and priority as existed
pre-petition;

      (b) The right to inspect the Secured Creditor Assets 48 hours
notice, provided that said inspection does not interfere with the
operations of the Debtor; and

      (c) Copies of monthly financial documents generated in the
ordinary course of business and other information as the Secured
Creditors reasonably request with respect to the Debtor's
operations.

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

         http://bankrupt.com/misc/flmb18-01791-25.pdf

                About Star Performance Realty

Star Performance Realty, Inc., d/b/a ReMax South Shore Realty,
filed a Chapter 11 bankruptcy petition (Bankr. M.D. Fla. Case No.
18-01791) on March 9, 2018.  In the petition signed by Janelle M.
Duncan, president, the Debtor estimated assets and liabilities at
$500,000 to $1 million.  The Debtor hired Buddy D. Ford, Esq., at
Buddy D. Ford, P.A., as counsel.


STEAM DISTRIBUTION: Case Summary & Largest Unsecured Creditors
--------------------------------------------------------------
Affiliates that concurrently filed voluntary petitions for relief
under Chapter 11 of the Bankruptcy Code:

      Debtor                                         Case No.
      ------                                         --------
      Steam Distribution, LLC                        18-11598
      5425 S. Valley View Blvd.
      Las Vegas, NV 89118
    
      Havz, LLC dba Steam Wholesale                  18-11599
      5425 S. Valley View Blvd.
      Las Vegas, NV 89118

      One Hit Wonder, Inc.                           18-11600
      5425 S. Valley View Blvd.
      Las Vegas, NV 89118

Business Description: Steam Distribution is a wholesaler and
                      distributor in the vape/e-cig industries.
                      Handcrafted in Los Angeles, California, One
                      Hit Wonder eLiquid contains ingredients
                      including TruNic 100% USA grown and
                      extracted liquid nicotine.  Visit
                      http://onehitwondereliquid.comfor more
                      information.

Chapter 11 Petition Date: March 26, 2018

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Hon. August B. Landis (18-11598)
       Hon. Mike K. Nakagawa (18-11599 and 18-11600)

Debtor's Counsel: Candace C Carlyon, Esq.
                  CLARK HILL PLLC
                  3800 Howard Hughes Pkwy, Ste 500
                  Las Vegas, NV 89169
                  Tel: (702) 862-8300
                  Fax: (702) 862-8400
                  E-mail: ccarlyon@clarkhill.com
                  
                     - and -

                  John Patrick M. Fritz, Esq.
                  LEVENE, NEALE, BENDER, YOO & BRILL LLP
                  10250 Constellation Blvd., Suite 1700
                  Los Angeles, CA 90067
                  Tel: (310) 229-1234

Assets and Liabilities:

                             Estimated            Estimated
                               Assets            Liabilities
                             ---------           -----------
Steam Distribution     $1 mil.-$10 million    $1 mil.-$10 million
Havz, LLC              $50,000-$100,000       $1 mil.-$10 million
One Hit Wonder         $1 mil.-$10 million    $1 mil.-$10 million

The petitions were signed by Robert Hackett, managing member.

A copy of Steam Distribution's list of 16 largest unsecured
creditors is available for free at:

       http://bankrupt.com/misc/nvb18-11598_creditors.pdf

A copy of Havz, LLC's list of seven unsecured creditors is
available for free at:

       http://bankrupt.com/misc/nvb18-11599_creditors.pdf

A copy of One Hit Wonder's list of three unsecured creditors is
available for free at:

       http://bankrupt.com/misc/nvb18-11600_creditors.pdf

A full-text copies of the petitions are available for free at:

            http://bankrupt.com/misc/nvb18-11598.pdf
            http://bankrupt.com/misc/nvb18-11599.pdf
            http://bankrupt.com/misc/nvb18-11600.pdf


STG-FAIRWAY HOLDINGS: S&P Affirms 'B' CCR on Improved Liquidity
---------------------------------------------------------------
S&P Global Ratings affirmed its 'B' long-term corporate credit
rating on STG-Fairway Holdings LLC (d/b/a First Advantage Corp.)
The outlook remains negative.

S&P said, "We also affirmed the 'B+' long-term issue rating on the
company's first-lien credit facilities (Term loan B due 2022 and
revolver due 2020). The recovery ratings remains '2', indicating
our expectation for substantial (70%-90%; rounded estimate: 70%)
recovery in the event of a payment default.

"Additionally, we affirmed our 'CCC+' long-term issue ratings on
the company's second-lien term loan due 2023. The recovery rating
remains '6', indicating our expectation for negligible (0%-10%;
rounded estimate: 0%) recovery in the event of a payment default."

First Advantage primarily offers screening solutions and background
check verification services, including criminal record checks,
education & employment verification, credit score standings and
drug testing. Additionally, the company has diverse revenue streams
(about 20% of 2017 revenues) including multi-family housing
applicant screening, tax credit services, fleet vehicle services,
and driver qualification services.  

S&P said, "The affirmation reflects our expectation that the
company's credit metrics will improve with adjusted leverage
declining to the 7x area by the end of the first half of fiscal
year ending Dec. 31, 2018, down from the high-7x area as of 2017.
In addition, over the next 12 months we anticipate reported FOCF to
improve to the $15 million to $17 million range from $5 million as
of 2017. Through March 2018, the company has already exceeded its
revenue and EBTIDA plan.

"The negative outlook on First Advantage reflects the company's
limited track record of revenue growth on an annual basis, high
leverage and inability to generate sufficient FOCF. The outlook
also reflects the risk that the positive operating trends we are
forecasting do not materialize, resulting in sustained elevated
leverage and low FOCF to debt.

"We could revise the outlook to stable over the next two quarters
if leverage is comfortably below 7.5x, and we project FOCF to debt
above 3%. The improved operating performance could occur if
revenues grow organically at the low-to-mid-single digit area owing
to low attrition and converting its bookings pipeline to revenue.

"We could lower the rating over the next two quarters if leverage
remains above 7.5x with revenues and EBITDA margins failing to
improve year-over-year.  In addition, we could lower the rating if
we project no improvement in liquidity such that FOCF to debt
continues to be below 3%, or if we assess an increased reliance on
the revolver credit facility.  The decline in operating performance
could occur if the company has an unexpected spike in attrition, or
slower realization of its bookings pipeline compounded with higher
costs."


SUMMIT FINANCIAL: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Summit Financial Corp.
        100 NW 100 Ave
        Plantation, FL 33324

Type of Business: Summit Financial Corp --
                  https://www.summitfinancialcorp.org -- provides
                  financing by purchasing and servicing retail
                  installment sales contracts originated at
                  franchised automobile dealerships and select
                  independent used car dealerships located
                  throughout Florida, Alabama, and Georgia.
                  From its location in Plantation, Florida, Summit
                  Financial provides financing for automobile
                  loans for customers that fail to meet the
                  standards of financing from conventional
                  sources, such as most banks, credit unions and
                  other national finance companies.  The Company
                  was founded in 1984.

Chapter 11 Petition Date: March 23, 2018

Court: United States Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Case No.: 18-13389

Judge: Hon. Raymond B Ray

Debtor's Counsel: Douglas J. Jeffrey, Esq.
                  LAW OFFICES OF DOUGLAS J. JEFFREY, P.A.
                  6625 Miami Lakes Dr E #379
                  Miami Lakes, FL 33014
                  Tel: 305.828.4744
                  Fax: 305.828.4718
                  E-mail: dj@jeffreylawfirm.com

                    - and -

                  Zach B Shelomith, Esq.
                  LEIDERMAN SHELOMITH ALEXANDER +
                  SOMODEVILLA, PLLC
                  2699 Stirling Rd # C401
                  Ft Lauderdale, FL 33312
                  Tel: (954) 920-5355
                  Fax: (954) 920-5371
                  E-mail: zbs@lsaslaw.com

Estimated Assets: $100 million to $500 million

Estimated Liabilities: $100 million to $500 million

The petition was signed by David Wheeler, vice president.

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

          http://bankrupt.com/misc/flsb18-13389.pdf

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Arlene G. Fried, as Trustee        Unsecured Loan      $1,700,000
17341 Bridleway Trail
Boca Raton, FL 33496

BMW Capital, LP                    Unsecured Loan        $300,000
974 Sand Iron Dr
Incline Village, NV
89451-8913

Chandravalli H. Patel              Unsecured Loan        $735,086
560 Elm St # 204
San Carlos, CA 94070

Dennis Scott IRA                   Unsecured Loan      $1,050,291
1249 Shepards Way
Yerington, NV 89447

Ilene Garber                       Unsecured Loan      $1,685,086
POB 1293
Wilson, WY 83014

Judith Goldberg                    Unsecured Loan        $300,000
2556 NE 26 Ave
Fort Lauderdale, FL 33305

Kastenbaum Family                  Unsecured Loan        $325,000
Partnership L.P.
1 Gracie Square
New York, NY 10028

Michael Dittmore, as Trustee       Unsecured Loan        $400,000
7629 E Tuckey Ln
Scottsdale, AZ 85250

Norman M. Blomberg                 Unsecured Loan        $400,000
21260 Bellechasse Ct
Boca Raton, FL
33433-7403

Robert Hendler IRA                 Unsecured Loan         $700,000
21493 Linwood Ct
Boca Raton, FL 33433

Robin Pekkala                      Unsecured Loan         $300,000
42 Cayman Pl
Palm Beach
Gardens, FL 33418

Robyn Weiss                        Unsecured Loan         $600,000
Revocable Trust
2498 Poinciana Dr
Fort Lauderdale, FL 33327

Saul Gitomer                       Unsecured Loan         $406,200
10036 Hardy Dr
Overland Park, KS 66212

St Cloud LLC                       Unsecured Loan       $1,000,000
129 Ponsbury Rd
Mount Pleasant, SC 29464

Stanley Cohen                      Unsecured Loan       $1,375,000
129 Ponsbury Rd
Mount Pleasant, SC 29464

Sudhira A. Argade                  Unsecured Loan         $915,587
6961 NW 66 St
Pompano Beach, FL 33067

Sydelle Lazar                      Unsecured Loan         $600,000
21438 Linwood Ct
Boca Raton, FL 33433

Warren Richard Wiebe, Jr.          Unsecured Loan       $1,140,000
974 Sand Iron Dr
Incline Village, NV
89451-8913

William Hyman Family Trust         Unsecured Loan       $1,200,000
2556 NE 26 Ave
Fort Lauderdale, FL 33305

Zafi Gamlieli                      Unsecured Loan         $300,000
35624 N 86 Pl
Scottsdale, AZ 85262


SUMMIT MATERIALS: S&P Raises CCR to 'BB' on Increased Earnings
--------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on Summit
Materials LLC to 'BB' from 'BB-'. The outlook is stable.

S&P said, "At the same time, we raised our issue-level rating on
the company's senior secured credit facilities--including its term
loan due 2024--to 'BBB-' from 'BB+'. The '1' recovery rating
remains unchanged, indicating our expectation for very high
recovery (90%-100%; rounded estimate: 95%) in the event of a
payment default. We also assigned our 'BBB-' issue-level rating and
'1' recovery rating to the company's $235 million revolver due
2020.

"Additionally, we raised our issue-level rating on Summit's senior
unsecured claims--including its 8.5% senior unsecured notes due
2022, 6.125% senior unsecured notes due 2023, and 5.125% senior
unsecured notes due 2025--to 'BB' from 'BB-' and revised the
recovery rating to '3' from '4'. The '3' recovery rating indicates
our expectation for meaningful recovery (50%-70%; rounded estimate:
60%) in the event of a payment default."

The upgrade reflects Summit's increase in scale and scope across
its national footprint as it entrenches itself as a major heavy
materials producer. Summit remains highly acquisitive, as evidenced
by its 17 acquisitions since January 2017 totaling $540 million.
S&P believes that the company will strengthen its competitive
advantage relative to peers by continuing to undertake a robust
level of acquisitions in 2018 ($300 million), supporting its
healthy EBITDA growth.

S&P said, "The stable outlook on Summit Materials reflects our
expectation that the company will continue to increase its earnings
through acquisitions and organic expansion while using a robust
level of operating cash flow to fund its growth strategy such that
its debt leverage remains below 4x over the next 12 months. We also
project that Summit's adjusted EBITDA will increase to $500 million
as it reduces its leverage to approximately 3.7x in 2018.

"We could downgrade Summit in the next 12 months if management
takes a more aggressive approach to acquisitions, causing the
company's leverage to increase toward 5x with no immediate path to
deleverage. For this to occur, the company would likely need to
undertake a significant acquisition, acquire multiple companies, or
materially increases its debt leverage. Alternatively, the
company's leverage could increase if the U.S. economy enters a
recession, which our economists estimate has a 10%-15% chance of
occurring. In such an instance, a decline in the company's revenue
of at least 20% or a 400 basis point contraction in gross margins
could cause its leverage to approach 5x.

"We view an upgrade as unlikely over the next 12 months as Summit
balances an active growth strategy with deleveraging. However, we
could raise our rating on the company if it reduced its leverage to
3x. This could occur if Summit maintains its current margin and
debt levels and increases its revenue by more than 35%. While
additional acquisitions could have such an impact, historically
they have come at the cost of increased debt-financing. To the
degree that the company could accomplish such growth while only
using cash on hand, equity raises, or short-term borrowings from
its revolving credit facility, we could view such actions as
favorable for the rating."



SUNIVA INC: DOE Funds Subject to Imposition of Constructive Trust
-----------------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware granted Georgia Tech Research Corporation's objection to
the motion for an order approving and authorizing the stipulation
regarding certain cash collateral.

The motion sought the Court's approval of a settlement stipulation
between and among Debtor, Wells Fargo Bank, N.A., Wanxiang America
Corporation and the Official Committee of Unsecured Creditors. If
approved, the Stipulation would result in Wanxiang receiving
payments totaling $2,585,771.57. GTRC objected to the motion on the
ground, as GTRC alleges, that $362,192 of the funds to be remitted
to Wanxiang was earmarked for GTRC's receipt, or was subject to a
constructive trust and is not property of Debtor's estate.

What gives rise to the objection is that GTRC and Debtor had
earlier entered into Subrecipient Agreements for work to be
performed under Department of Energy prime contract numbers
DE-EE0006354 and DEEEE006354.0000. The Agreements are subcontracts
with GTRC for work that Debtor agreed to perform under a contract
with DOE. Debtor was paid by DOE for its work and GTRC's work.

GTRC objected to the motion arguing that: (1) DOE paid Debtor
$362,192 for GTRC's benefit, (2) the funds were earmarked for GTRC
and therefore were not property of Debtor’s estate, or (3) Debtor
holds the $362,192 in a constructive trust for GTRC's benefit. If
the funds were earmarked for GTRC, or if Debtor holds the $362,192
in a constructive trust for GTRC, then the funds belong to GTRC.

The Cout finds that GTRC is not entitled to the funds on the
alleged basis that Debtor is a "pass-through" entity. The
Agreements give no indication that the money Debtor received from
DOE merely passed through its account to GTRC. In fact, the
sections of the Code of Federal Regulations to which GTRC refers, 2
C.F.R. sections 200.305(b)(3) and 200.331, are not applicable. The
C.F.R. sections to which GTRC refers are guidance regarding grants
awards and administration.

The Agreements provide that Georgia law governs. Agreements,
Section 12.3. Georgia law is clear that principally fraud, or other
inequitable conduct, is necessary to impose a constructive trust.
Georgia courts impose constructive trusts only "when the
circumstances are such that the person holding legal title to
property, either from fraud or otherwise cannot enjoy the
beneficial interest in the property without violating some
established principle of equity." Here, Debtor did not engage in
dishonest conduct.

However, when the Court arrives at GTRC's request that the Court
impose a constructive trust for its benefit on the $362,192, the
Court finds in GTRC's favor. The basis for this finding is the
ruling of the Third Circuit Court of Appeals in In re Columbia Gas
Systems Inc.

The Third Circuit applied federal common law rather than state law
because of the involvement of the Federal Energy Regulatory
Commission and the application of the Natural Gas Act. In the
present case, it is the Department of Energy and a federal research
project that are involved. Accordingly, federal common law applies
and, as in Columbia Gas, the Court will impose a constructive trust
even in the absence of wrongdoing or unjust enrichment.

The Court will permit GTRC to take discovery as to whether or not
the DOE money was commingled and whether or not GTRC can include
other Debtor accounts (in addition to the general account) in
determining the lowest intermediate balance test.

The Court finds that a portion of the funds which DOE paid Debtor
($362,192) is subject to imposition of a constructive trust. The
Court accordingly grants GTRC's objection to the motion and
provides GTRC with the opportunity to trace the funds. Pending the
outcome, Wells Fargo must not distribute $362,192 but will hold
such funds in an interest bearing account, subject to further order
of the Court.

A copy of Judge Gross' Memorandum Opinion dated March 16, 2018 is
available at:

                http://bankrupt.com/misc/deb17-10837-583.pdf

                            About Suniva, Inc.

Founded in 2007 by Dr. Ajeet Rohatgi, Suniva, Inc. --
http://www.suniva.com/-- is a manufacturer of PV solar cells with
manufacturing facilities at its metro-Atlanta, Georgia headquarters
as well as in Saginaw, Michigan.

Impacted by Chinese manufacturers who are able to flood the U.S.
market for solar cells and modules with cheap imports, Suniva,
Inc., filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 17-10837) on April 7,
2017.  Suniva estimated $10 million to $50 million in assets and
$100 million to $500 million in debt.

The Hon. Kevin Gross is the case judge.

Kilpatrick, Townsend & Stockton LLP is serving as general counsel
to the Debtor. Potter Anderson & Corroon LLP is serving as Delaware
counsel, with the engagement led by Stephen R. McNeill, Jeremy
William Ryan.  Garden City Group, LLC, is the claims and noticing
agent.

Andrew R. Vara, Acting U.S. Trustee for Region 3, on April 27,
2017, appointed five creditors of Suniva, Inc., to serve on the
official committee of unsecured creditors.  The Committee tapped
Seward & Kissel LLP as counsel, Morris, Nichols, Arsht & Tunnell
LLP as co-counsel, and Emerald Capital Advisors as financial
advisors.


TOYS R US: Bid Procedures OKed, April 12 Sale Hearing Set
---------------------------------------------------------
BankruptcyData.com reported that the U.S. Bankruptcy Court approved
Toys "R" Us' motion for entry of an order establishing bidding
procedures and approving the sale of certain real property and
leases.

As BankruptcyData previously reported, "As the Debtors will no
longer be operating stores at the Initial Closing Stores, the
Debtors now seek entry of an order approving the Bidding Procedures
to capitalize on those assets. In conjunction with the store
performance analysis and Initial Store Closings, the Debtors and
their affiliates also engaged Cushman & Wakefield and A&G to
perform appraisals (the 'Appraisals') of their owned real property
and unexpired real property leases (collectively, the 'Real Estate
Assets')." The motion continues, "The Bidding Procedures
contemplate that the Debtors, in consultation with the Consultation
Parties, would be authorized, but not obligated, in an exercise of
their business judgment, to agree to reimburse the reasonable and
documented out-of-pocket fees and expenses of one or more Qualified
Bidder (each, an 'Expense Reimbursement'), and/or agree to pay one
or more Qualified Bidders a 'work fee' or other similar cash fee
(each, a 'Work Fee') if the Debtors reasonably determine in their
business judgment that any such Expense Reimbursement or Work Fee
will encourage one or more parties to submit a Qualified Bid or
result in a competitive bidding and Auction process."

BankruptcyData noted that the order implements the following
general timeline: March 26, 2018 deadline to submit qualified
competing bids; a March 29, 2018 auction, if necessary, followed by
an April 12, 2018 sale hearing.

                     About Toys "R" Us

Toys "R" Us, Inc., is an American toy and juvenile-products
retailer founded in 1948 and headquartered in Wayne, New Jersey, in
the New York City metropolitan area.  Merchandise is sold in 880
Toys "R" Us and Babies "R" Us stores in the United States, Puerto
Rico and Guam, and in more than 780 international stores and more
than 245 licensed stores in 37 countries and jurisdictions.
Merchandise is also sold at e-commerce sites including Toysrus.com
and Babiesrus.com.

On July 21, 2005, a consortium of Bain Capital Partners LLC,
Kohlberg Kravis Roberts and Vornado Realty Trust invested $1.3
billion to complete a $6.6 billion leveraged buyout of the
company.

Toys "R" Us is a privately owned entity but still files with the
Securities and Exchange Commission as required by its debt
agreements.

The Company's consolidated balance sheet showed $6.572 billion in
assets, $7.891 billion in liabilities, and a stockholders' deficit
of $1.319 billion as of April 29, 2017.

Toys "R" Us, Inc., and certain of its U.S. subsidiaries and its
Canadian subsidiary voluntarily filed for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Lead Case No. Case No.
17-34665) on Sept. 19, 2017.  In addition, the Company's Canadian
subsidiary voluntarily commenced parallel proceedings under the
Companies' Creditors Arrangement Act ("CCAA") in Canada in the
Ontario Superior Court of Justice.  The Company's operations
outside of the U.S. and Canada, including its 255 licensed stores
and joint venture partnership in Asia, which are separate entities,
are not part of the Chapter 11 filing and CCAA proceedings.

Grant Thornton is the monitor appointed in the CCAA case.

Judge Keith L. Phillips presides over the Chapter 11 cases.

In the Chapter 11 cases, Kirkland & Ellis LLP and Kirkland & Ellis
International LLP serve as the Debtors' legal counsel.  Kutak Rock
LLP serves as co-counsel.  Toys "R" Us employed Alvarez & Marsal
North America, LLC as its restructuring advisor; and Lazard Freres
& Co. LLC as its investment banker.  It hired Prime Clerk LLC as
claims and noticing agent.  A&G Realty Partners, LLC, serves as its
real estate advisor.

On Sept. 26, 2017, the U.S. Trustee for Region 4 appointed an
official committee of unsecured creditors.  The Committee retained
Kramer Levin Naftalis & Frankel LLP as its legal counsel; Wolcott
Rivers, P.C. as local counsel; FTI Consulting, Inc. as financial
advisor; and Moelis & Company LLC as investment banker.

                        Toys "R" Us UK

Toys "R" Us Limited, Toys "R" Us, Inc.'s UK arm with 105 stores and
3,000 employees, was sent into administration in the United Kingdom
in February 2018.

Arron Kendall and Simon Thomas of Moorfields Advisory Limited, 88
Wood Street, London, EC2V 7QF were appointed Joint Administrators
on Feb. 28, 2018.  The Administrators now manage the affairs,
business and property of the Company.  The Administrators act as
agents only and without personal liability.

The Administrators said they will make every effort to secure a
buyer for all or part of the business.

                    Liquidation of U.S. Stores

Toys "R" Us, Inc., on March 15, 2018, filed with the U.S.
Bankruptcy Court a motion seeking Bankruptcy Court approval to
start the process of conducting an orderly wind-down of its U.S.
business and liquidation of inventory in all 735 of the Company's
U.S. stores, including stores in Puerto Rico.


TRAVELCLICK INC: Moody's Rates Proposed $480MM 1st Lien Loan B2
---------------------------------------------------------------
Moody's Investors Service assigned B2 ratings to TravelClick, Inc.
first lien senior secured credit facility, consisting of a proposed
upsized and repriced $480 million first lien term loan ($446
million outstanding and $34 million incremental term loan) and new
$30 million revolving credit facility. The proposed changes to the
first lien credit facility have no immediate impact on the
company's B3 Corporate Family Rating (CFR), B3-PD Probability of
Default Rating, Caa2 rating on the second lien senior secured term
loan or the stable rating outlook.

The proceeds from the incremental $34 million first lien term loan
will be used to repay a portion of its more expensive second lien
term loan and pay transaction fees and expenses. Additionally,
TravelClick is expected to (1) re-price its first lien term loan by
reducing the applicable margin rate by 50 basis points to LIBOR +
350 with a 1% floor; (2) extend its $30 million revolving credit
facility by 18 months to November 2020; and (3) reset the financial
covenant level on the revolving credit facility to 35% cushion.

The transaction is leverage neutral and is expected to result in
approximately $3-4 million of annual interest savings that will
modestly improve the company's free cash flow. TravelClick's
debt-to-EBITDA (Moody's adjusted, net of capitalized software
costs) remains very high, estimated at 7.7 times at December 31,
2017. Moody's projects the company will generate modestly positive
free cash flow of $5-10 million over the next 12-15 months and
maintain debt-to-EBITDA leverage above 7.5 times in 2018.

Moody's assigned the following ratings:

Issuer: TravelCLICK, Inc. :

-- Proposed $30 million first lien senior secured revolving
    credit facility due 2020, assigned B2 (LGD3)

-- Proposed $480 million first lien senior secured term loan due
    2021, assigned B2 (LGD3)

The following ratings remain unchanged:

Issuer: TravelCLICK, Inc.:

-- Corporate Family Rating, unchanged at B3

-- Probability of Default Rating, unchanged at B3-PD

-- Existing $449.4 million ($446 million outstanding) first lien
    senior secured term loan due 2021, unchanged at B2(LGD3) and
    to be withdrawn after close of transaction

-- Existing $30 million first lien senior secured revolving
    credit facility due 2019, unchanged at B2(LGD3) and to be
    withdrawn after close of transaction

-- $100 million ($66 million outstanding following close of
    transaction) second lien senior secured term loan due 2021,
    unchanged at at Caa2 (LGD5)

-- Outlook, Stable

The ratings are subject to the execution of the transaction as
currently proposed and Moody's review of final documentation. The
instrument ratings are subject to change if the proposed capital
structured is modified.

Please also note that all ratings that had previously resided at
TCH-2 Holdings, LLC are now assigned to TravelClick, Inc. A merger
between TCH-2 Holdings, LLC and TravelClick, Inc. took place on
December 31, 2014 but Moody's did not reassign the ratings at that
time.

RATINGS RATIONALE

TravelClick's B3 CFR reflects the company's high financial
leverage, small scale relative to other B3-rated issuers in the
business and consumer services sector, as well as the cyclical and
highly competitive nature of the lodging industry (the company's
end market) and its reliance on certain strategic partners.
Positive rating consideration is given to favorable though
moderating lodging industry growth trends, TravelClick's leading
position in the hotel technology segment, its highly recurring
revenue model with strong renewal rates and a diverse customer base
consisting of a broad distribution of geographies -- notable for a
company of its size. Moody's assumes that the operating environment
will remain favorable, including moderate growth in the U.S.
economy and stable exchange rates. Moody's also expects
TravelClick's organic revenue growth at or above U.S. lodging
industry's revenue per available room (RevPar) growth of 1%-3% over
the next 12 months, and that the company will continue to seek
opportunistic acquisitions to supplement its organic growth. The
rating is further supported by expectation that the company will
maintain good liquidity.

The stable rating outlook reflects Moody's view that TravelClick
will continue to grow its revenue and earnings from new and
existing customers and gradually deleverage over time. Moody's also
expects that the company will maintain good liquidity.

Ratings could be upgraded if TravelClick continues to grow EBITDA
and debt is reduced meaningfully, enabling the company to achieve
and maintain Moody's adjusted debt-to-EBITDA of below 5.5 times and
Moody's adjusted free cash flow to debt of 10%.

Ratings could be downgraded if the company experiences top-line and
earnings pressure such that Moody's adjusted debt-to-EBITDA
leverage remains elevated and Moody's adjusted
(EBITDA-Capex)/interest expense approaches 1.0 time, or if
TravelClick's operating margin or liquidity were to deteriorate.

Ratings could be downgraded if the company experiences top-line and
earnings pressure such that Moody's adjusted debt-to-EBITDA
leverage remains elevated and Moody's adjusted
(EBITDA-Capex)/interest expense approaches 1.0 time, or if
TravelClick's operating margin or liquidity were to deteriorate.

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

TravelClick, headquartered in New York City, is a leading provider
of reservation solutions, business intelligence and digital
marketing to independent and chain hotels worldwide. TravelClick's
offering include: (i) Business Intelligence Solutions that provide
customers with competitive market date; (ii) Digital Marketing
Solutions that enable customers to market their properties directly
to consumers and travel agents; and (iii) Reservation Services
which provide a web-based Central Reservation System, including a
web booking engine. The company generated revenue of approximately
373 million in 2017. The company has been majority owned by Thoma
Bravo since May 2014.


TSC/MAYFIELD: Hires David W. Cohen as Counsel
---------------------------------------------
TSC/Mayfield, LLC, seeks authority from the U.S. Bankruptcy Court
for the District of Maryland to employ David W. Cohen as counsel.

The Debtor requires the the services of an attorney in order to
prepare pleadings and reports required in the prosecution of this
matter, to negotiate with creditors, confer with the United States
Trustee, and engage in the general representation with respect to
all matters arising pursuant to this case.

Mr. Cohen will charge $275 per hour for his services.  

David W. Cohen, sole proprietor of the Law Offices of David W.
Cohen, assures this Court that he is a "disinterested person" as
that term is defined at 11 USC Sec. 101(14) and holds no interest
adverse to the Debtor, its creditors or equity holders for any
reason.

The Debtor's counsel can be reached through:

     David W. Cohen, Esq.
     LAW OFFICE OF DAVID W. COHEN
     1 N. Charles St., Ste. 350
     Baltimore, MD 21201
     Tel: (410) 837-6340
     E-mail: dwcohen79@jhu.edu

                     About TSC/Mayfield

TSC/Mayfield, LLC, is a privately held company in Columbia,
Maryland, engaged in activities related to real estate.  The
Company is the fee simple owner of five real properties in Odenton,
Maryland having an aggregate value of $3.54 million.

TSC/Mayfield filed a Chapter 11 petition (Bankr. D. Md. Case No.
18-13611) on March 19, 2018.  In the petition signed by Bruce S.
Jaffe, manager, the Debtor disclosed $3.54 million in total assets
and $2.78 million in total liabilities.  David W. Cohen, Esq., at
the Law Office of David W. Cohen, is the Debtor's counsel.


VERITY CORP: Nevada Biz. Court OKs Plan to Liquidate Assets
-----------------------------------------------------------
In Case Number A-16-733815-B, Nevada's 8th Judicial District,
Business Court, the Court approved a plan of reorganization that
involves authorizing the cancellation of all preferred shares of
Verity Corp, the cancellation of certain insider shares, a reverse
stock split up to a maximum of 200-1, and a reorganization that
would place the liquidation of Verity Corp's assets under a
liquidating trustee pursuant to NRS 78.590, while maintaining the
public, purchasers for value with equity in the surviving entity.
Once the reorganization is completed the Receiver will be
discharged.

Robert Stevens was appointed as receiver for Verity Corp. on May 3,
2016.

                          About Verity

Sioux Falls, South Dakota-based Verity Corp., formerly AquaLiv
Technologies, Inc., is the parent of Verity Farms II, Inc., Aistiva
Corporation (formerly AquaLiv, Inc.).  Verity Farms II is dedicated
to providing consumers with food sources through sustainable crop
and livestock production.  Aistiva's technology alters the behavior
of organisms, including plants and humans, without chemical
interaction.  Aistiva's platform technology influences biological
processes naturally and without chemical interaction.  To date,
Aistiva has released products in the industries of water treatment,
skincare, and agriculture.

Verity Corp. reported a net loss attributable to the Company of
$7.59 million for the year ended Sept. 30, 2013, as compared with a
net loss attributable to the Company of $623,000 during the prior
fiscal year.  As of June 30, 2014, the Company had $2.24 million in
total assets, $5.83 million in total liabilities and a $3.59
million total stockholders' deficit.

Bongiovanni & Associates, CPA's, in Cornelius, North Carolina,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Sept. 30, 2013.  The
independent auditors noted that the Company has suffered recurring
losses, has negative working capital, and has yet to generate an
internal net cash flow that raises substantial doubt about its
ability to continue as a going concern.


VILLA MARIE: May Use Access Cash Collateral Until March 30
----------------------------------------------------------
Judge Laura K. Grandy of the U.S. Bankruptcy Court for the Southern
District of Illinois has entered an amended order authorizing Villa
Marie Winery, LLC, and its debtor-affiliates interim use of First
Mid-Illinois Bank & Trust, N.A.'s cash collateral in the regular
and ordinary course of their business exclusively for purposes
described in the Budget.

The Order is amended to include the Budget, which was inadvertently
omitted from the Order entered on March 14, 2018, and to provide a
hearing location.  The Budget provides total estimated expenses of
approximately $227,078 during the period February 14, 2018 through
March 29, 2018.

The Court has scheduled the final cash collateral hearing on March
29, 2018 at 9:00 a.m., in the U.S. Bankruptcy Court for the
Southern District of Illinois.

As of the Petition Date, Debtors owed First Mid-Illinois Bank &
Trust, N.A., as successor by merger of First Clover Leaf Bank the
approximate sum of $1,717,426 under its agreements with First
Mid-Illinois Bank, which is secured by valid, perfected,
enforceable, first priority liens and security interests upon and
in, substantially all of the Debtors' assets. Additionally, First
Mid-Illinois Bank holds mortgages on certain real estate owned by
the various Debtors. The Debtors value said real estate in excess
of $2.2 million dollars but First Mid-Illinois Bank disputes this
valuation.

To adequately protect First Mid-Illinois Bank for use of the cash
collateral during the Interim Cash Collateral Period, First
Mid-Illinois Bank is granted liens upon and security interests in
all post-petition inventory and accounts and accounts receivable of
Debtors, which liens and security interests shall have the same
priority as the liens and security interests held by First
Mid-Illinois Bank prior to commencement of the Debtors' Chapter 11
cases. These replacement liens will extend to all of the inventory
and accounts receivable of Debtors, whether owned or existing on
the Petition Date, or acquired or arising subsequent thereto.

The Debtors require use of the First Mid-Illinois Bank's cash
collateral during the case in order to continue their business
operations and to pay their regular daily expenses, including
employees' wages, utilities, and other costs of doing business. The
Debtors represent that Judy Weimann made an unsecured loan to
provide operating capital to the Debtors in the amount of $29,700
since the Petition Date.

The Debtors' authorization to use First Mid-Illinois Bank's cash
collateral will immediately and automatically terminate upon the
earlier of the following dates: (a) March 30, 2018; (b) the closing
of a sale of any or all of Debtors' business or assets; or (c) the
effective date of a plan of reorganization.

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

           http://bankrupt.com/misc/ilsb18-30163-44.pdf

                   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.


WEST CORP: Fitch Rates New $350MM Term Loan Reopening 'BB+'
-----------------------------------------------------------
Fitch Ratings rates West Corp.'s proposed $350 million reopening of
its existing senior secured term loan B 'BB+'/'RR1'. The proceeds
from the additional issuance will be used to fund the previously
announced acquisition of Nasdaq's Public Relations Solutions and
Digital Media businesses and to pay related fees and expenses.

Fitch expects the transaction to be leverage neutral and thus
neutral to West's IDR. The new term loan will be incremental to and
fungible with the existing tranche of Term Loan B maturing in 2024.
The credit facility is guaranteed by West Corp.'s parent Olympus
Holdings II, LLC and certain domestic, wholly owned subsidiaries of
West Corp. The facility is secured by all equity interests of West
Corp. held by its parent and all assets of West Corp and its
subsidiary guarantors.

KEY RATING DRIVERS

Scale and Diversification: West's credit rating reflects the
company's scale and leading market positions across a diversified
portfolio of technology solutions. West is world's largest
conferencing and collaborations service provider and holds leading
market positions in 9-1-1 infrastructure and proactive mobility and
notification services. The company derives roughly 40% of revenue
from segments other than unified communication services.

Robust FCF Generation: FCFs are supported by West's mature and
high-margin conferencing and collaboration business and overall low
capex and working capital requirements. Fitch believes FCFs will
remain strong due to the cessation of dividends going forward and
lower capital intensity more than offsetting the negative impact
from increase in interest expense. Fitch expects FCF margins in the
range of 10%-13% over the rating horizon.

Nasdaq Acquisition Leverage Neutral: Pro forma for the acquisition
of Nasdaq's businesses and expected synergies, Fitch expects
leverage at 5.5x as of Dec 31, 2017. West will have elevated
leverage in the interim due to the timing of realization of
synergies (expected in 2018 and 2019). Fitch expects leverage to
decline further in the following years as additional cost savings
are realized and as West reduces debt. Given the company's stated
capital allocation policy (discussed below), Fitch anticipates that
leverage will approximate 5.5x as of year-end 2018 and 5.0x by the
end of 2019.

Evolving Revenue and Margin Mix: West's changing revenue mix from
the mature legacy audio conferencing business towards high growth
segments will also impact overall operating margins. Interactive
Services and Specialised Agent Services segments reported lower
operating margins for the full year 2017 as compared to UCS
segment. However, Safety Services improving operating margins
coupled with West's cost reduction efforts and synergies will help
arrest the decline in margins and lead to margin expansion as the
business mix shifts.

Favorable Capital Allocation Policy: Fitch views West's shift in
capital allocation strategy as credit positive. The company decided
to stop paying dividends. Fitch anticipates that West's primary use
of cash will be for deleveraging and strategic growth investments.
The company may consider M&A opportunistically.

Potential Synergies: Cost synergies are expected to focus on
delayering and consolidating platforms and functional areas across
West and were estimated at $75 million in total. In addition,
unifying brands acquired over the years from acquisitions under
'One West' initiative presents additional cross selling
opportunities. From Fitch's perspective, execution risks related to
achieving the expected cost synergies are modest. Fitch believes
the synergies will be realized during the 2018 to 2019 timeframe.

RATING SENSITIVITIES

Future Developments That May, Individually or Collectively, Lead to
Positive Rating Action
-- Improvement in operating profile including positive revenue
    growth exceeding Fitch's expectations, expansion of margins
    due to restructuring efforts and/or realization of synergies
    and expansion of customer base.
-- Strong FCF generation with FCF margins sustained in double
    digits.
-- Leverage sustained below 4.0x.

Future Developments That May, Individually or Collectively, Lead to
Negative Rating Action
-- Inability to sustain organic revenue growth due to UCS segment

    declines offsetting revenue growth from other segments.
-- Deterioration of operating profile due to competition, an
    inability to achieve desired efficiencies impacting operating
    margins, or weaker than expected FCFs.
-- Leverage sustained above 6.0x.

LIQUIDITY

Fitch considers West's liquidity as adequate, supported by the
company's sufficient cash balances, strong FCF generation and full
availability under the $350 million revolving facility. In
addition, the company generates strong free cash flows that are
supported by low capex and working capital requirements, and
absence of dividends.

West's debt structure includes a $350 million revolving facility
maturing 2022, $2,907 million in term loans (including the new $350
million) maturing 2024, $343 million of 4.75% senior secured notes
maturing 2021, $1150 million of 8.5% senior unsecured notes
maturing 2025 and $11 million of 5.375% senior unsecured notes
maturing 2022.

FULL LIST OF CURRENT RATINGS

Fitch currently rates West Corporation as follows:

-- IDR 'B+';
-- Senior secured revolving facility maturing in 2022
    'BB+'/'RR1';
-- Senior secured term loans maturing in 2024 'BB+'/'RR1';
-- Senior unsecured notes maturing in 2025 'B-'/'RR6'.

The Rating Outlook is Stable.


WEST CORP: S&P Affirms 'B' Rating on Sr. Secured Credit Facility
----------------------------------------------------------------
S&P Global Ratings affirmed its 'B' issue-level rating, with a
recovery rating of '3', on Omaha, Neb.-based West Corp.'s senior
secured credit facility following the company's proposed $350
million add-on to its term loan B due in 2024, which would total
$2.9 billion. S&P said, "The '3' recovery rating indicates our
expectation of meaningful (50%-70%; rounded estimate: 60%) recovery
for secured lenders in the event of a payment default. We expect
the company to use the $350 million proceeds from the upsized term
loan to fund the $335 million purchase of the public relations
(Public Relations Solutions) and webcasting and web hosting
(Digital Media Services) products and services within Nasdaq's
Corporate Solutions business as well as pay fees and expenses
associated with the transaction."

S&P said, "We also affirmed the 'CCC+' issue-level, with a recovery
rating of '6', on the company's 8.5% senior unsecured notes due
2025. The '6' recovery rating indicates our expectation of
negligible (0%-10%; rounded estimate: 5%) recovery for unsecured
lenders in the event of a payment default.

"In addition, we lowered the issue-level on the company's 4.75%
secured notes due 2021 to 'B' from 'BB' and revised the recovery
rating to '3' (50%-70%; rounded estimate: 60%) from '2'. Following
the tender offer in October 2017, West Corp. still has about $343
million of 4.75% secured notes outstanding that are pari passu with
the company's senior secured credit facility. Also, we lowered the
issue-level rating on the company's 5.375% unsecured notes due 2022
to 'CCC+' from 'B+' and revised the recovery rating to '6' (0%-10%;
rounded estimate: 5%) from '5'.  Similar to the secured notes, West
Corp. still has about $11 million of 5.375% unsecured notes
outstanding that are pari passu with the company's 8.5% senior
unsecured notes.

"We view the acquisition favorably in that it complements West
Corp.'s existing web hosting and webcasting product portfolio in
enterprise communications, expands the West solution offerings with
investor relation and public relation tools, and furthers the
company's continued partnership with Nasdaq. In addition, the
acquisition expands and diversifies the company's customer base
while creating more cross-selling opportunities. We expect that
relatively stable revenues of the acquired businesses will only
slightly offset declines in the company's larger audio conferencing
segment.

"The 'B' corporate credit rating and stable outlook on West are
unaffected. We expect the acquisition of the Nasdaq assets will
contribute about $57 million of EBITDA, keeping the transaction
leverage neutral at around 6.4x, which is below our 7x downgrade
threshold for the 'B' rating. We expect the deal to close in the
second quarter of 2018."

RECOVERY ANALYSIS

Key analytical factors

S&P said, "Our simulated default scenario contemplates a default in
2021, stemming from increased competition, excess capacity and
pricing erosion in the industry, client contract losses, and
financial pressure from debt-financed acquisitions.

"We have valued the company on a going-concern basis using a 5.5x
multiple of our projected emergence EBITDA. The 5.5x valuation
multiple is on the lower end of the 5x-7x range we typically
ascribe to telecom companies, but in line with other audio
conferencing companies."

Simulated default assumptions

-- Simulated year of default: 2021
-- EBITDA at emergence: about $444 million
-- EBITDA multiple: 5.5x

Simplified waterfall

-- Net enterprise value (after 5% administrative costs):
Approximately $2.3 billion
-- Valuation split (obligors/nonobligors): 75%/25%
-- Net value available to creditors: Approximately $2.1 billion
-- Senior secured debt: Approximately $3.57 billion
    --Recovery expectations: 50%-70% (rounded estimate: 60%)
-- Senior unsecured debt and pari passu claims: Approximately
$2.66 billion
    --Recovery expectations: 0%-10% (rounded estimate: 5%)
All debt amounts include six months of prepetition interest.

RATINGS LIST

  West Corp.
   Corporate Credit Rating                B/Stable/--    
                                          
  Affirmed; Recovery Ratings Unchanged

  West Corp.  
   Senior Secured
   $2.9 bil. term loan B due 2024         B
    Recovery Rating                       3 (60%)  
  Senior Unsecured
   8.5% notes due 2025                    CCC+                   

    Recovery Rating                       6 (5%)      

  Ratings Lowered; Recovery Ratings Revised
                                          To           From
  Senior Secured
   4.75% notes due 2021                   B            BB
   Recovery Rating                        3 (60%)      2 (70%)
  Senior Unsecured
   5.375% notes due 2022                  CCC+         B+    
    Recovery Rating                       6 (5%)       5 (10%)


WESTMORELAND COAL: Receives Noncompliance Notice from Nasdaq
------------------------------------------------------------
Westmoreland Coal Company received a notification letter from The
Nasdaq Stock Market on March 22, 2018, informing the Company that
for the last 30 consecutive business days, the bid price of the
Company's common stock had closed below $1.00 per share, which is
the minimum required closing bid price for continued listing on The
Nasdaq Global Market pursuant to Listing Rule 5450(a)(1).  On March
23, 2018, the Company received a second notification letter from
Nasdaq informing the Company that for the last 30 consecutive
business days, the market value for the Company's publicly held
common stock had closed below $15 million, which is the minimum
market value of publicly held common stock required for continued
listing on The Nasdaq Global Market pursuant to Listing Rule
5450(b)(3)(C).

The Notice Letters have no immediate effect on the listing or
trading of the Company's common stock on The Nasdaq Global Market.
The Company has 180 calendar days from the date of each of the
Notice Letters, or until Sept. 18, 2018 with respect to the Bid
Price Rule, and Sept. 19, 2018 with respect to the Market Value
Rule, to regain compliance.  To regain compliance with the Bid
Price Rule, the closing bid price of the Company's common stock
must be at least $1.00 per share for a minimum of ten consecutive
business days.  To regain compliance with the Market Value Rule,
the market value of the Company's publicly held common stocks at
closing of the Company's common stock must be at least $15 million
for a minimum of ten consecutive business days.  If the Company
does not regain compliance the continued listing standards by Sept.
18, 2018 with respect to the Bid Price Rule, and Sept. 19, 2018
with respect to the Market Value Rule, the Company may be eligible
for additional time to regain compliance or if the Company is
otherwise not eligible, the Company may request a hearing before a
hearings panel.

                    About Westmoreland Coal

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.

                         *     *     *

In March 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 March 2018, S&P Global Ratings lowered its issuer credit rating
on Westmoreland Coal Co. to 'CCC-' from 'CCC' and placed all of its
ratings on the company on CreditWatch with negative implications.
"The rating downgrade reflects our view that Westmoreland Coal Co.
(WLB) could breach its fixed charge coverage in the next three to
six months.  This would cause a cross default with its term loan
and senior notes that would become immediately due.  Westmoreland
has a $321 million term loan that matures in December 2020, and
$350 million of senior secured notes that mature in January 2022,"
S&P said, according to a TCR report dated March 13, 2018.


WOODBRIDGE GROUP: Noteholders Seek Court Nod for Drinker Biddle
---------------------------------------------------------------
The Ad Hoc Group of Noteholders of Woodbridge Group of Companies,
LLC and its affiliated debtors seeks authority from the United
States Bankruptcy Court for the District of Delaware to retain
Drinker Biddle & Reath LLP as its counsel.

On Dec. 11, 2017, Drinker Biddle filed its initial Rule 2019
statements on behalf of the Ad Hoc Committee of Promissory Notes of
Woodbridge Mortgage Investment Fund Entities and Affiliates (the
"Ad Hoc Noteholder Committee").  Drinker Biddle continued to
represent the Ad Hoc Noteholder Committee until the formation of
the Ad Hoc Noteholder Group.

On Dec. 18, 2017, the Ad Hoc Noteholder Committee filed its motion
(the "Noteholder Committee Appointment Motion") pursuant to Section
1102(a)(2) of the Bankruptcy Code, seeking entry of an order
directing appointment of an official committee of Woodbridge
noteholders (the "Noteholders").  The Noteholder Committee
Appointment Motion was opposed by the Official Committee of
Unsecured Creditors.

On Jan. 23, 2018, the Court entered the Settlement Order approving
a global resolution of several pending contested matters, including
the Committee Appointment Motion.

On Feb. 2, 2018, in accordance with the Settlement Order, the
Movant Committee formed the Ad Hoc Noteholder Group.

Also on Feb. 2, 2018, the Ad Hoc Noteholder Group selected and
retained, subject to approval by this Court, Drinker Biddle as its
proposed counsel.

Services to be rendered by Drinker Biddle are:

    (a) analyse potential litigation and/or negotiation of any
aspects of Noteholder treatment in the chapter 11 cases;

    (b) investigate and analyse facts and issues related to whether
Noteholders are secured;

    (c) analyse possible Noteholder benefits of substantive
consolidation of the Debtors' estates;

    (d) present at meetings of the Ad Hoc Noteholder Group, as well
as meetings with other key stakeholders and parties;

    (e) summarize review of financial and operational information
furnished by the Debtors to the Ad Hoc Noteholder Group, insofar as
it relates to consolidation issues and cash management requirements
that mandate accurate and complete post-petition intercompany
accounting and allocation of professional fees and DIP draws;

    (f) assist on issues of unencumbered assets, insofar as they
affect DIP draw requirements and adequate protection for
Noteholders' existing liens;

    (g) represent Noteholders interests, as the cases' largest
economic constituency, in keeping the cases' professional fee
budgeting to the minimum amounts necessary;

    (h) represent Noteholder interests in any sale of assets of the
Debtors' estates;

    (i) investigate liens of other purported secured parties;

    (j) confer with the Debtors' management, counsel and financial
advisors related to the Ad Hoc Noteholders Group scope, and such
other matters as reasonably requested by the Debtors;

    (k) review the Debtors' schedules, statements of financial
affairs, and business plans related to the Debtors' real
properties;

    (l) advise the Ad Hoc Noteholder Group as to the ramifications
regarding the Debtors' activities and motions before this Court
that bear upon the aforementioned scope;

    (m) prepare and file appropriate pleadings on behalf of the Ad
Hoc Noteholder Group;

    (n) reviewg and analyze the Debtors' financial professionals'
work product and report to the Ad Hoc Noteholder Group on that
analysis, subject to the aforementioned scope; and

    (o) perform such other legal services for the Ad Hoc Noteholder
Group as may be necessary or proper in these proceedings, subject
to the aforementioned scope.

The current hourly rates of the primary Drinker Biddle
professionals are:

     Steven K. Kortanek        Partner    $805
     James H. Millar           Partner    $990
     Michael P. Pompeo         Partner    $770
     Patrick A. Jackson        Associate  $605
     Joseph N. Argentina, Jr.  Associate  $495
     Cathy Greer               Paralegal  $400

Steven K. Kortanek, a partner at the law firm of Drinker Biddle,
attests that his firm does not hold or represent an adverse
interest in connection with the cases and is a disinterested person
within the meaning of Section 101(14) of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, Steven K.
Kortanek disclosed that:

     -- it has not agreed to any variations from, or alternatives
to, its standard or customary billing arrangements for this
engagement;

     -- none of the professionals included in the engagement vary
their rate based on the geographic location of the bankruptcy
case;

     -- the Ad Hoc Noteholder Group was formed postpetition;
Drinker Biddle's billing rates and material financial terms have
not changed postpetition; and

     -- The relevant budget has been established as an initial
matter by the Court's Jan. 23, 2018 order, which reflected
arm's-length budget negotiations of the Noteholder Group's
professional fee budget, covering through January 1, 2019.

The counsel can be reached through:

     Steven K. Kortanek, Esq.
     Patrick A. Jackson, Esq.
     Joseph N. Argentina, Esq.
     222 Delaware Avenue, Suite 1410
     Wilmington, DE 19801
     Tel: (302) 467-4200
     Fax: (302) 467-4201
     Email: steven.kortanek@dbr.com
            patrick.jackson@dbr.com
            joseph.argentina@dbr.com

                     About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion.  The Chapter 11
cases are being jointly administered.

Judge Kevin J. Carey presides over the case.

Klee, Tuchin, Bogdanoff & Stern LLP and Young Conaway Stargatt &
Taylor, LLP serve as the Debtors' bankruptcy counsel.  The Debtors
hired Homer Bonner Jacobs, PA as special counsel; Moelis & Company
LLC, as investment banker; and Bradley D. Sharp of Development
Specialists, Inc. as chief restructuring officer.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC.  Beilinson Advisory Group is
serving as independent management to the Debtors.  Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017.  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.

The Fiduciary Committee of Unitholders is represented by Venable
LLP.  Drinker Biddle & Reath LLP represents the Ad Hoc Committee of
Holders of Promissory Notes of Woodbridge Mortgage Investment Fund
Entities and Affiliates.

Elise S. Frejka was appointed fee examiner on Feb. 8, 2018.


WOODBRIDGE GROUP: Noteholders Tap Conway MacKenzie as Fin'l Advisor
-------------------------------------------------------------------
The Ad Hoc Group of Noteholders of Woodbridge Group of Companies,
LLC and its affiliated debtors seeks authority from the United
States Bankruptcy Court for the District of Delaware to retain
Conway MacKenzie, Inc. as its financial advisor.

On Dec. 18, 2017, the Ad Hoc Committee of Promissory Notes of
Woodbridge Mortgage Investment Fund Entities and Affiliates filed a
motion pursuant to section 1102(a)(2) of the Bankruptcy Code for
entry of an order directing appointment of an official committee of
Woodbridge noteholders.  The motion was opposed by the Official
Committee of Unsecured Creditors.

On Jan. 23, 2018, the Court entered an order approving a global
resolution of several pending contested matters, including the
Committee Appointment Motion (the "Settlement Order").

On Feb. 2, 2018, in accordance with the Settlement Order, the
noteholders formed the Ad Hoc Noteholder Group, and the Ad Hoc
Noteholder Group selected and retained, subject to approval by the
Court, Conway MacKenzie as its proposed financial advisor.

The Ad Hoc Noteholder Group's selection of Conway MacKenzie as its
financial advisor was based upon, among other things: (a) the Ad
Hoc Noteholder Group's need to retain a financial advisory firm to
provide advice relevant to the scope of the Ad Hoc Noteholder
Group's mandate; (b) Conway MacKenzie’s senior professionals'
extensive experience and excellent reputation in providing
financial advisory services in chapter 11 cases; and (c) Conway
MacKenzie's knowledge of the industry.

Services to be rendered by Conway MacKenzie are:

    (a) analyse potential litigation and/or negotiation of any
aspects of Noteholder treatment in the chapter 11 cases;

    (b) investigate and analyse facts and issues related to whether
Noteholders are secured; and

    (c) analyse possible Noteholder benefits of substantive
consolidation of the Debtors' estates.

    (d) present at meetings of the Ad Hoc Noteholder Group, as well
as meetings with other key stakeholders and parties;

    (e) assist in the analysis, review and monitoring of the
restructuring process, including, but not limited to an assessment
of potential recoveries for Noteholders;

    (f) advise and design potential claims liquidity solutions for
Noteholders, including measures to foster reasonable claims trading
activities;

    (g) review and analyse financial information prepared by the
Debtors, including, but not limited to, cash flow projections and
budgets, business plans, cash receipts and disbursement analysis,
asset and liability analysis, and the economic analysis of proposed
transactions for which Court approval is sought;

    (h) review and analyse any tax issues associated with
Noteholder treatment and recoveries;

    (i) review and analyse necessary for the confirmation of a plan
and related disclosure statement in these chapter 11 proceedings;

    (j) attend at meetings and assistance in discussions with the
Debtors, potential investors, the Official Committee of Unsecured
Creditors, the Ad Hoc Unitholder Group, the U.S. Trustee, and other
parties in interest and
professionals hired by the same, as requested;

    (k) review and analyse financial related disclosures required
by the Court, including Schedules of Assets and Liabilities,
Statements of Financial Affairs and Monthly Operating Reports;

    (l) review and analyse issues on disposition of executory
contracts and unexpired leases;

    (m) review, analyse and investigation of potential causes of
action, including fraudulent conveyances and preferential transfers
and certain transactions between the Debtors and affiliated
entities;

    (n) assist in the prosecution of Ad Hoc Noteholder Group
responses/objections to case motions, including attendance at
depositions and provision of expert reports/testimony on case
issues as required by the Ad Hoc Noteholder Group;

    (o) review financial and operational information furnished by
the Debtors to the Ad Hoc Noteholder Group, insofar as it relates
to consolidation issues and cash management requirements that
mandate accurate and complete post-petition intercompany accounting
and allocation of professional fees and DIP draws;

    (p) assist on issues of unencumbered assets, insofar as they
affect DIP draw requirements and adequate protection for
Noteholders' existing liens;

    (q) represent Noteholders interests, as the cases' largest
economic constituency, in keeping the cases' professional fee
budgeting to the minimum amounts necessary;

    (r) represent Noteholder interests in any sale of assets of the
Debtors' estates; and

    (s) perform such other advisory services for the Ad Hoc
Noteholder Group as may be necessary or proper in these
proceedings, subject to the aforementioned scope.

Conway MacKenzie's standard hourly rates are:

     Senior Managing Director    $600 - $675
     Managing Director           $500 - $600
     Director                    $400 - $500
     Senior Associate            $350 - $400
     Paraprofessional            $150 - $200

Matthew D. Sedigh, Managing Director of Conway MacKenzie, Inc.,
attests that neither he nor his firm represents any interest
adverse to that of the Debtors' estates, and he believes the firm
to be a "disinterested person" within the meaning of Section
101(14) of the Bankruptcy Code.

The advisor can be reached through:

     Matthew D. Sedigh
     CONWAY MACKENZIE, INC.
     333 South Hope Street, Suite 3625
     Los Angeles, CA 90071
     Tel: 213-416-6200
     Fax: 213-416-6201
     E-mail: MSedigh@ConwayMacKenzie.com
     
                    About Woodbridge Group

Headquartered in Sherman Oaks, California, The Woodbridge Group
Enterprise -- http://www.woodbridgecompanies.com/-- is a
comprehensive real estate finance and development company.  Its
principal business is buying, improving, and selling high-end
luxury homes.  The Woodbridge Group Enterprise also owns and
operates full-service real estate brokerages, a private investment
company, and real estate lending operations.  The Woodbridge Group
Enterprise and its management team have been in the business of
providing a variety of financial products for more than 35 years,
and have been primarily focused on the luxury home business for the
past five years.  Since its inception, the Woodbridge Group
Enterprise has completed more than $1 billion in financial
transactions.  These transactions involve real estate, note buying
and selling, hard money lending, and alternative financial
transactions involving thousands of investors.

Woodbridge Group of Companies and certain of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
17-12560) on Dec. 4, 2017.  Woodbridge estimated assets and
liabilities at between $500 million and $1 billion.  The Chapter 11
cases are being jointly administered.

Judge Kevin J. Carey presides over the case.

Klee, Tuchin, Bogdanoff & Stern LLP and Young Conaway Stargatt &
Taylor, LLP serve as the Debtors' bankruptcy counsel.  The Debtors
hired Homer Bonner Jacobs, PA as special counsel; Moelis & Company
LLC, as investment banker; and Bradley D. Sharp of Development
Specialists, Inc., as chief restructuring officer.

The Debtors' financial advisors are Larry Perkins, John Farrace,
Robert Shenfeld, Reece Fulgham, Miles Staglik, and Lissa Weissman
at SierraConstellation Partners, LLC.  Beilinson Advisory Group is
serving as independent management to the Debtors.  Garden City
Group, LLC, is the Debtors' claims and noticing agent.

Pachulski Stang Ziehl & Jones is counsel to the Official Committee
of Unsecured Creditors; and FTI Consulting, Inc., serves as its
financial advisor.

An official committee of unsecured creditors was appointed in the
Chapter 11 cases on Dec. 14, 2017.  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.

The Fiduciary Committee of Unitholders is represented by Venable
LLP.  Drinker Biddle & Reath LLP represents the Ad Hoc Committee of
Holders of Promissory Notes of Woodbridge Mortgage Investment Fund
Entities and Affiliates.

Elise S. Frejka was appointed fee examiner on Feb. 8, 2018.


Z-1 MANAGEMENT: Hires Beard & Savory as Counsel
-----------------------------------------------
Z-1 Management, LLC, seeks authority from the United States
Bankruptcy Court for the Western District of Tennessee (Memphis) to
hire Russell W. Savory and Beard & Savory, PLLC as counsel.

The professional services that B&S is to render are:

     (a) give the Debtor legal advice with respect to its powers
and duties as debtor in possession in the continued management of
its property, including, without limitation, to advise and to
consult with the Debtor concerning questions arising in the
administration of the estate and its rights and remedies with
regard to the estate's assets and the claims of secured and
unsecured creditors, and the parties in interest;

     (b) prepare on behalf of the Applicant as Debtor in possession
the Plan and Disclosure Statement, applications, answers, orders,
reports and other legal papers; and

     (c) perform all other legal services for Debtor as Debtor in
possession that may be necessary herein; and it is necessary for
the Debtor as Debtor in possession to employ an attorney for such
professional services.

Mr. Savory's hourly rate is $300.00

Russell W. Savory, a member of Beard & Savory, PLLC, attests that
his firm B&S represents no interest adverse to the Debtor as Debtor
in possession or the estate in the matters upon which it is to be
engaged for the debtor in possession, and is a disinterested person
as defined under 11 U.S.C. Sec. 101(14).

The counsel can be reached through:

     Russell W. Savory, Esq.
     BEARD & SAVORY, PLLC
     119 South Main Street, Suite 500
     Memphis, TN 38103
     Phone: 901-523-1110
     E-mail: russ@bsavory.com

                      About Z-1 Management

Z-1 Management, LLC, is a privately held company whose principal
assets are located at 3035 Directors Row Memphis, Tennessee.

Z-1 Management filed a Chapter 11 petition (Bankr. W.D. Tenn. Case
No. 18-21898)on March 2, 2018.  In the petition signed by Lawrence
Migliara, Jr., member, the Debtor estimated $1 million to $10
million in both assets and liabilities.  The Hon. Paulette J. Delk
presides over the case.  Russell W. Savory at Beard & Savory, PLLC,
is the Debtor's counsel.


Z-1 MANAGEMENT: Hires Crye-Leike Realtors as Real Estate Agent
--------------------------------------------------------------
Z-1 Management, LLC, seeks authority from the United States
Bankruptcy Court for the Western District of Tennessee (Memphis) to
hire Jeff Waddell of Crye-Leike Realtors as real estate agent for
the purposes of marketing certain commercial real estate.

Jeff Waddell attests that he is disinterested as that term is
defined under the U.S. Bankruptcy Code.

The agent can be reached through:

     Jeff Waddell
     Crye-Leike Realtors
     6525 Quail Hollow Road
     Memphis, TN 38120
     Phone: 901-758-5670
     Fax: 901-758-5655

                     About Z-1 Management

Z-1 Management, LLC, is a privately held company whose principal
assets are located at 3035 Directors Row Memphis, Tennessee.

Z-1 Management filed a Chapter 11 petition (Bankr. W.D. Tenn. Case
No. 18-21898) on March 2, 2018.  In the petition signed by Lawrence
Migliara, Jr., member, the Debtor estimated $1 million to $10
million in assets and liabilities.  Russell W. Savory at Beard &
Savory, PLLC, is the Debtor's counsel.  The Hon. Paulette J. Delk
is the case judge.


                            *********

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.  
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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
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
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                   *** End of Transmission ***