TCR_Public/120421.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

            Saturday, April 21, 2012, Vol. 16, No. 110

                            Headlines

4KIDS ENTERTAINMENT: 4Kids Ad Sales Ends March With $57,505 Cash
4KIDS ENTERTAINMENT: 4Kids Prod. Ends March With $600,721 Cash
4KIDS ENTERTAINMENT: 4Sight Licensing Ends Mar. With $313,966 Cash
4KIDS ENTERTAINMENT: Ends March With $732,554 Cash
4KIDS ENTERTAINMENT: Licensing Ends March With $6,465,277 Cash

4KIDS ENTERTAINMENT: Music Inc. Ends March With $177,813 Cash
AMERICANWEST BANCORP: Posts $5,260 Net Loss in March 2012
CAGLE'S INC: Reports $483,000 Net Income in 5 Weeks Ended March 3
CHURCH STREET: EBITDA $867,000 in March
CLA HOLD: Ends February 2012 With $175,000 Cash

FULLER BRUSH: Reports $273,000 Net Income in March
INNER CITY: Files Revised Schedules of Receipts and Disbursements
LEHMAN BROTHERS: Has $29.5 Billion Cash as of Feb. 29
LOS ANGELES DODGERS: LA Holdco Reports $14.9MM February Net Loss
MONEY TREE: Files Operating Reports for Fiscal Month Ended Feb. 25

NORTEL NETWORKS: Ends February 2012 With $1.081 Billion Cash
SPECIALTY PRODUCTS: Ends February 2012 With $25.41-Mil. Cash
SPECIALTY PRODUCTS: Bondex Reports $33,659 Net Loss in February





                          *********



4KIDS ENTERTAINMENT: 4Kids Ad Sales Ends March With $57,505 Cash
----------------------------------------------------------------
4Kids Ad Sales, Inc., ended March 2012 with $57,505 cash:

    Cash, Beginning                $244,198
    Receipts                       $166,606
    Disbursements                  $353,299
    Net Cash Flow                 ($186,693)
    Cash, End                       $57,505

A copy of the March 2012 operating report is available for
free at http://bankrupt.com/misc/4kidsadsales.doc577.pdf

                   About 4Kids Entertainment

New York-based 4Kids Entertainment, Inc., dba 4Kids, is an
entertainment and media company specializing in the youth oriented
market, with operations in these business segments: (i) licensing,
(ii) advertising and media broadcast, and (iii) television and
film production/distribution.  The parent entity, 4Kids
Entertainment, was organized as a New York corporation in 1970.

4Kids filed for bankruptcy protection under Chapter 11 of the
Bankruptcy Code to protect its most valuable asset -- its rights
under an exclusive license relating to the popular Yu-Gi-Oh!
series of animated television programs -- from efforts by the
licensor, a consortium of Japanese companies, to terminate
the license and force 4Kids out of business.

4Kids and affiliates filed Chapter 11 petitions (Bankr. S.D.N.Y.
Lead Case No. 11-11607) on April 6, 2011.  Kaye Scholer LLP is the
Debtors' restructuring counsel.  Epiq Bankruptcy Solutions, LLC,
is the Debtors' claims and notice agent.  BDO Capital Advisors,
LLC, is the financial advisor and investment banker.  EisnerAmper
LLP fka Eisner LLP serves as auditor and tax advisor.  4Kids
Entertainment disclosed $78,397,971 in assets and $86,515,395 in
liabilities as of the Chapter 11 filing.

Hahn & Hessen LLP serves as counsel to the Official Committee of
Unsecured Creditors.  Epiq Bankruptcy Solutions LLC as its
information agent for the Committee.

The Consortium consists of TV Tokyo Corporation, which owns and
operates a television station in Japan; ASATSU-DK Inc., a Japanese
advertising company; and Nihon Ad Systems, ADK's wholly owned
subsidiary.  The Consortium is represented by Kyle C. Bisceglie,
Esq., Michael S. Fox, Esq., Ellen V. Holloman, Esq., and Mason
Barney, Esq., at Olshan Grundman Frome Rosenzweig & Wolosky LLP,
in New York.

In January 2012, the bankruptcy judge ruled in favor of 4Kids,
deciding that the Yu-Gi-Oh! property license agreement between the
Debtor and the licensor was not effectively terminated prior to
the bankruptcy filing.  Following the ruling, 4Kids entered into a
settlement where it would receive $8 million to end the dispute
over its valuable Yu-Gi-Oh! Property.


4KIDS ENTERTAINMENT: 4Kids Prod. Ends March With $600,721 Cash
--------------------------------------------------------------
4Kids Productions, Inc., ended March 2012 with $600,721 cash:

    Cash, Beginning               $134,206
    Receipts                      $677,750
    Disbursements                 $211,235
    Net Cash Flow                 $466,515
    Cash, End                     $600,721

A copy of the March 2012 operating report is available for
free at http://bankrupt.com/misc/4kidsproductions.doc582.pdf

                   About 4Kids Entertainment

New York-based 4Kids Entertainment, Inc., dba 4Kids, is an
entertainment and media company specializing in the youth oriented
market, with operations in these business segments: (i) licensing,
(ii) advertising and media broadcast, and (iii) television and
film production/distribution.  The parent entity, 4Kids
Entertainment, was organized as a New York corporation in 1970.

4Kids filed for bankruptcy protection under Chapter 11 of the
Bankruptcy Code to protect its most valuable asset -- its rights
under an exclusive license relating to the popular Yu-Gi-Oh!
series of animated television programs -- from efforts by the
licensor, a consortium of Japanese companies, to terminate
the license and force 4Kids out of business.

4Kids and affiliates filed Chapter 11 petitions (Bankr. S.D.N.Y.
Lead Case No. 11-11607) on April 6, 2011.  Kaye Scholer LLP is the
Debtors' restructuring counsel.  Epiq Bankruptcy Solutions, LLC,
is the Debtors' claims and notice agent.  BDO Capital Advisors,
LLC, is the financial advisor and investment banker.  EisnerAmper
LLP fka Eisner LLP serves as auditor and tax advisor.  4Kids
Entertainment disclosed $78,397,971 in assets and $86,515,395 in
liabilities as of the Chapter 11 filing.

Hahn & Hessen LLP serves as counsel to the Official Committee of
Unsecured Creditors.  Epiq Bankruptcy Solutions LLC as its
information agent for the Committee.

The Consortium consists of TV Tokyo Corporation, which owns and
operates a television station in Japan; ASATSU-DK Inc., a Japanese
advertising company; and Nihon Ad Systems, ADK's wholly owned
subsidiary.  The Consortium is represented by Kyle C. Bisceglie,
Esq., Michael S. Fox, Esq., Ellen V. Holloman, Esq., and Mason
Barney, Esq., at Olshan Grundman Frome Rosenzweig & Wolosky LLP,
in New York.

In January 2012, the bankruptcy judge ruled in favor of 4Kids,
deciding that the Yu-Gi-Oh! property license agreement between the
Debtor and the licensor was not effectively terminated prior to
the bankruptcy filing.  Following the ruling, 4Kids entered into a
settlement where it would receive $8 million to end the dispute
over its valuable Yu-Gi-Oh! Property.


4KIDS ENTERTAINMENT: 4Sight Licensing Ends Mar. With $313,966 Cash
------------------------------------------------------------------
4Sight Licensing Solutions, Inc., ended March 2012 with $313,966
cash:

    Cash, Beginning                $28,029
    Receipts                      $298,437
    Disbursements                  $12,500
    Net Cash Flow                 $285,937
    Cash, End                     $313,966

A copy of the March 2012 operating report is available for
free at http://bankrupt.com/misc/4sightlicensing.doc585.pdf

                   About 4Kids Entertainment

New York-based 4Kids Entertainment, Inc., dba 4Kids, is an
entertainment and media company specializing in the youth oriented
market, with operations in these business segments: (i) licensing,
(ii) advertising and media broadcast, and (iii) television and
film production/distribution.  The parent entity, 4Kids
Entertainment, was organized as a New York corporation in 1970.

4Kids filed for bankruptcy protection under Chapter 11 of the
Bankruptcy Code to protect its most valuable asset -- its rights
under an exclusive license relating to the popular Yu-Gi-Oh!
series of animated television programs -- from efforts by the
licensor, a consortium of Japanese companies, to terminate
the license and force 4Kids out of business.

4Kids and affiliates filed Chapter 11 petitions (Bankr. S.D.N.Y.
Lead Case No. 11-11607) on April 6, 2011.  Kaye Scholer LLP is the
Debtors' restructuring counsel.  Epiq Bankruptcy Solutions, LLC,
is the Debtors' claims and notice agent.  BDO Capital Advisors,
LLC, is the financial advisor and investment banker.  EisnerAmper
LLP fka Eisner LLP serves as auditor and tax advisor.  4Kids
Entertainment disclosed $78,397,971 in assets and $86,515,395 in
liabilities as of the Chapter 11 filing.

Hahn & Hessen LLP serves as counsel to the Official Committee of
Unsecured Creditors.  Epiq Bankruptcy Solutions LLC as its
information agent for the Committee.

The Consortium consists of TV Tokyo Corporation, which owns and
operates a television station in Japan; ASATSU-DK Inc., a Japanese
advertising company; and Nihon Ad Systems, ADK's wholly owned
subsidiary.  The Consortium is represented by Kyle C. Bisceglie,
Esq., Michael S. Fox, Esq., Ellen V. Holloman, Esq., and Mason
Barney, Esq., at Olshan Grundman Frome Rosenzweig & Wolosky LLP,
in New York.

In January 2012, the bankruptcy judge ruled in favor of 4Kids,
deciding that the Yu-Gi-Oh! property license agreement between the
Debtor and the licensor was not effectively terminated prior to
the bankruptcy filing.  Following the ruling, 4Kids entered into a
settlement where it would receive $8 million to end the dispute
over its valuable Yu-Gi-Oh! Property.


4KIDS ENTERTAINMENT: Ends March With $732,554 Cash
--------------------------------------------------
4Kids Entertainment, Inc., ended March 2012 with $732,554 cash:

    Cash, Beginning              $58,544
    Receipts                  $1,365,303
    Disbursements               $691,293
    Net Cash Flow               $674,010
    Cash, End                   $732,554

A copy of the March 2012 operating report is available for free
at: http://bankrupt.com/misc/4kidsentertainment.doc576.pdf

                   About 4Kids Entertainment

New York-based 4Kids Entertainment, Inc., dba 4Kids, is an
entertainment and media company specializing in the youth oriented
market, with operations in these business segments: (i) licensing,
(ii) advertising and media broadcast, and (iii) television and
film production/distribution.  The parent entity, 4Kids
Entertainment, was organized as a New York corporation in 1970.

4Kids filed for bankruptcy protection under Chapter 11 of the
Bankruptcy Code to protect its most valuable asset -- its rights
under an exclusive license relating to the popular Yu-Gi-Oh!
series of animated television programs -- from efforts by the
licensor, a consortium of Japanese companies, to terminate
the license and force 4Kids out of business.

4Kids and affiliates filed Chapter 11 petitions (Bankr. S.D.N.Y.
Lead Case No. 11-11607) on April 6, 2011.  Kaye Scholer LLP is the
Debtors' restructuring counsel.  Epiq Bankruptcy Solutions, LLC,
is the Debtors' claims and notice agent.  BDO Capital Advisors,
LLC, is the financial advisor and investment banker.  EisnerAmper
LLP fka Eisner LLP serves as auditor and tax advisor.  4Kids
Entertainment disclosed $78,397,971 in assets and $86,515,395 in
liabilities as of the Chapter 11 filing.

Hahn & Hessen LLP serves as counsel to the Official Committee of
Unsecured Creditors.  Epiq Bankruptcy Solutions LLC as its
information agent for the Committee.

The Consortium consists of TV Tokyo Corporation, which owns and
operates a television station in Japan; ASATSU-DK Inc., a Japanese
advertising company; and Nihon Ad Systems, ADK's wholly owned
subsidiary.  The Consortium is represented by Kyle C. Bisceglie,
Esq., Michael S. Fox, Esq., Ellen V. Holloman, Esq., and Mason
Barney, Esq., at Olshan Grundman Frome Rosenzweig & Wolosky LLP,
in New York.

In January 2012, the bankruptcy judge ruled in favor of 4Kids,
deciding that the Yu-Gi-Oh! property license agreement between the
Debtor and the licensor was not effectively terminated prior to
the bankruptcy filing.  Following the ruling, 4Kids entered into a
settlement where it would receive $8 million to end the dispute
over its valuable Yu-Gi-Oh! Property.


4KIDS ENTERTAINMENT: Licensing Ends March With $6,465,277 Cash
--------------------------------------------------------------
4Kids Entertainment Licensing ended March 2012 with $6,465,277
cash:

    Cash, Beginning               $567,842
    Receipts                    $8,500,365
    Disbursements               $2,602,930
    Net Cash Flow               $5,897,435
    Cash, End                    6,465,277

A copy of the March 2012 monthly operating report is available
for free at:

http://bankrupt.com/misc/4kidsentertainmentlicensing.doc581.pdf

                   About 4Kids Entertainment

New York-based 4Kids Entertainment, Inc., dba 4Kids, is an
entertainment and media company specializing in the youth oriented
market, with operations in these business segments: (i) licensing,
(ii) advertising and media broadcast, and (iii) television and
film production/distribution.  The parent entity, 4Kids
Entertainment, was organized as a New York corporation in 1970.

4Kids filed for bankruptcy protection under Chapter 11 of the
Bankruptcy Code to protect its most valuable asset -- its rights
under an exclusive license relating to the popular Yu-Gi-Oh!
series of animated television programs -- from efforts by the
licensor, a consortium of Japanese companies, to terminate
the license and force 4Kids out of business.

4Kids and affiliates filed Chapter 11 petitions (Bankr. S.D.N.Y.
Lead Case No. 11-11607) on April 6, 2011.  Kaye Scholer LLP is the
Debtors' restructuring counsel.  Epiq Bankruptcy Solutions, LLC,
is the Debtors' claims and notice agent.  BDO Capital Advisors,
LLC, is the financial advisor and investment banker.  EisnerAmper
LLP fka Eisner LLP serves as auditor and tax advisor.  4Kids
Entertainment disclosed $78,397,971 in assets and $86,515,395 in
liabilities as of the Chapter 11 filing.

Hahn & Hessen LLP serves as counsel to the Official Committee of
Unsecured Creditors.  Epiq Bankruptcy Solutions LLC as its
information agent for the Committee.

The Consortium consists of TV Tokyo Corporation, which owns and
operates a television station in Japan; ASATSU-DK Inc., a Japanese
advertising company; and Nihon Ad Systems, ADK's wholly owned
subsidiary.  The Consortium is represented by Kyle C. Bisceglie,
Esq., Michael S. Fox, Esq., Ellen V. Holloman, Esq., and Mason
Barney, Esq., at Olshan Grundman Frome Rosenzweig & Wolosky LLP,
in New York.

In January 2012, the bankruptcy judge ruled in favor of 4Kids,
deciding that the Yu-Gi-Oh! property license agreement between the
Debtor and the licensor was not effectively terminated prior to
the bankruptcy filing.  Following the ruling, 4Kids entered into a
settlement where it would receive $8 million to end the dispute
over its valuable Yu-Gi-Oh! Property.


4KIDS ENTERTAINMENT: Music Inc. Ends March With $177,813 Cash
-------------------------------------------------------------
4Kids Entertainment Music, Inc., ended March 2012 with $177,813
cash:

     Cash, Beginning                     $0
     Receipts                      $177,813
     Disbursements                       $0
     Net Cash Flow                 $177,813
     Cash, End                     $177,813

A copy of the March 2012 operating report is available for
free at:

   http://bankrupt.com/misc/4kidsentertainmentmusic.doc580.pdf

                   About 4Kids Entertainment

New York-based 4Kids Entertainment, Inc., dba 4Kids, is an
entertainment and media company specializing in the youth oriented
market, with operations in these business segments: (i) licensing,
(ii) advertising and media broadcast, and (iii) television and
film production/distribution.  The parent entity, 4Kids
Entertainment, was organized as a New York corporation in 1970.

4Kids filed for bankruptcy protection under Chapter 11 of the
Bankruptcy Code to protect its most valuable asset -- its rights
under an exclusive license relating to the popular Yu-Gi-Oh!
series of animated television programs -- from efforts by the
licensor, a consortium of Japanese companies, to terminate
the license and force 4Kids out of business.

4Kids and affiliates filed Chapter 11 petitions (Bankr. S.D.N.Y.
Lead Case No. 11-11607) on April 6, 2011.  Kaye Scholer LLP is the
Debtors' restructuring counsel.  Epiq Bankruptcy Solutions, LLC,
is the Debtors' claims and notice agent.  BDO Capital Advisors,
LLC, is the financial advisor and investment banker.  EisnerAmper
LLP fka Eisner LLP serves as auditor and tax advisor.  4Kids
Entertainment disclosed $78,397,971 in assets and $86,515,395 in
liabilities as of the Chapter 11 filing.

Hahn & Hessen LLP serves as counsel to the Official Committee of
Unsecured Creditors.  Epiq Bankruptcy Solutions LLC as its
information agent for the Committee.

The Consortium consists of TV Tokyo Corporation, which owns and
operates a television station in Japan; ASATSU-DK Inc., a Japanese
advertising company; and Nihon Ad Systems, ADK's wholly owned
subsidiary.  The Consortium is represented by Kyle C. Bisceglie,
Esq., Michael S. Fox, Esq., Ellen V. Holloman, Esq., and Mason
Barney, Esq., at Olshan Grundman Frome Rosenzweig & Wolosky LLP,
in New York.

In January 2012, the bankruptcy judge ruled in favor of 4Kids,
deciding that the Yu-Gi-Oh! property license agreement between the
Debtor and the licensor was not effectively terminated prior to
the bankruptcy filing.  Following the ruling, 4Kids entered into a
settlement where it would receive $8 million to end the dispute
over its valuable Yu-Gi-Oh! Property.


AMERICANWEST BANCORP: Posts $5,260 Net Loss in March 2012
---------------------------------------------------------
BankruptcyData.com reports that AmericanWest Bancorporation filed
with the U.S. Bankruptcy Court a monthly operating report for
March 2012.  For the period, the Company reported a net loss of
$5,260 on zero revenue.

                 About AmericanWest Bancorporation

Headquartered in Spokane, Washington, AmericanWest Bancorporation
(OTC BB: AWBC) -- http://www.awbank.net/-- was a bank holding
company whose principal subsidiary was AmericanWest Bank, which
included Far West Bank in Utah operating as an integrated division
of AmericanWest Bank.  AmericanWest Bank was a community bank with
58 financial centers located in Washington, Northern Idaho and
Utah.

AmericanWest Bancorporation filed for Chapter 11 protection
(Bankr. E.D. Wash. Case No. 10-06097) on Oct. 28, 2010.  The
banking subsidiary was not included in the Chapter 11 filing.

Christopher M. Alston, Esq., and Dillon E. Jackson, Esq., at
Foster Pepper Shefelman PLLC, in Seattle, Washington, serve as
bankruptcy counsel.  G. Larry Engel, Esq., at Morrison & Foerster
LLP, also serves as counsel.

The Debtor estimated assets of $1 million to $10 million and debts
of $10 million to $50 million in its Chapter 11 petition.
AmericanWest Bancorporation's estimates exclude its banking unit's
assets and debts.  In its Form 10-Q filed with the Securities and
Exchange Commission before the Petition Date, AmericanWest
Bancorporation reported consolidated assets -- including its bank
unit's -- of $1.536 billion and consolidated debts of
$1.538 billion as of Sept. 30, 2010.

In December 2010, AmericanWest completed the sale of all
outstanding shares of AmericanWest Bank to a wholly owned
subsidiary of SKBHC Holdings LLC, in a transaction approved by the
U.S. Bankruptcy Court.


CAGLE'S INC: Reports $483,000 Net Income in 5 Weeks Ended March 3
-----------------------------------------------------------------
Cagle's, Inc., reported net income of $483,000 on net sales of
$29.8 million for the 5 weeks ended March 3, 2012.

The Debtor's balance sheet at March 3, 2012, showed $80.3 million
in total assets, $74.3 million in total current liabilities, and
stockholders' equity of $6.0 million.

A complete text of the monthly operating report is available for
free at http://bankrupt.com/misc/cagle's.doc316.pdf

About Cagle's

Cagle's Farms (NYSE: CGL.A) -- http://www.cagles.net/-- engages
in the production, marketing, and distribution of fresh and frozen
poultry products in the United States.

Cagle's Inc. and its wholly owned subsidiary Cagle's Farms filed
on Oct. 19, 2011, voluntary petitions for relief under Chapter 11
of the U.S. Bankruptcy Code (Bankr. N.D. Ga. Case No. 11-80202 and
11-80203).  Paul K. Ferdinands, Esq., at King & Spalding, in
Atlanta, Georgia, serves as counsel.  FTI Consulting, Inc., serves
as the Debtors' financial advisors.  Kurtzman Carson LLC serves as
their claims, noticing, and balloting agent.

In its schedules, Cagle's Inc. disclosed $81,998,077 in assets and
$55,304,599 in liabilities as of the Petition Date.

The Official Committee of Unsecured Creditors is represented by
McKenna Long & Aldridge LLP and Lowenstein Sandler as counsel.
J.H. Cohn LLP serves as its financial advisors.

No trustee or examiner has been appointed in the Debtors'
bankruptcy cases.


CHURCH STREET: EBITDA $867,000 in March
---------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Church Street Health Management LLC said in a monthly
operating report filed with bankruptcy court that earnings before
interest, taxes, depreciation and amortization in March were
$867,000.  Depreciation in the month was $986,000 and interest
expense was $120,000.

                        About Church Street

Church Street Health Management, LLC, a provider of management
services for 67 dental practices in 22 states, filed a Chapter 11
petition (Bankr. M.D. Tenn. Case No. 12-01573) in Nashville,
Tennessee on Feb. 20, 2012.

The following day, four affiliates, Small Smiles Holding Company,
LLC, Forba NY, LLC, EEHC, Inc., and Forba Services, LLC, filed
their Chapter 11 petitions (Case Nos. 12-01574 to 12-01577).

As of the Petition Date, the Debtors' assets have book value of
$895 million, with debt totaling $303 million.  There is about
$131.5 million owing on first-lien obligations, plus $25.6 million
on a second-lien obligation. There is an additional $152 million
on three subordinated debts.  The company's finances are
structured to comply with Islamic Shariah financing regulations.

In the Chapter 11 cases, the Debtors have engaged Waller Lansden
Dortch & Davis, LLP as bankruptcy counsel, and Alvarez & Marsal
Healthcare Industry Group, LLC, as financial and restructuring
advisor.  Martin McGahan, a managing director at A&M, will serve
as chief restructuring officer of Church Street.  Morgan Joseph
TriArtisan, LLC, is the investment banker.  Garden City Group is
the claims and notice agent.

Garrison Investment Group is providing funding for the Chapter 11
case.  The credit agreement will provide the Debtor with up to an
aggregate principal amount of $12 million in a revolving credit
facility.


CLA HOLD: Ends February 2012 With $175,000 Cash
-----------------------------------------------
CLA Hold LLC, and its debtor-affiliates' schedule of cash receipts
and disbursements for the period Feb. 3, 2012, to Feb. 29, 2012,
disclosed:

     Cash at beginning of the period     $2,600,700
     Receipts                           ($2,425,700)
     Disbursements                               $0
     Net Cash Flow                      ($2,425,700)
     Loans and Advances                          $0
     Debt Pay down                               $0
     Net Cash Flow After Debt Pay down  ($2,425,700)
     Cash Balance end of period            $175,000

At Feb. 29, 2012, CLA Hold LLC, et al., had $175,000 in cash,
$74,754,600 in total liabilities, and an equity deficit of
$74,579,600.

A copy of the operating report is available at:

         http://bankrupt.com/misc/clahold.feb3-29mor.pdf

                       About ALC Holdings

Farmington Hills, Michigan-based ALC Holdings LLC dba American
Laser Centers, and American Laser Skincare, provides laser hair
removal treatments.

The Company and its affiliates filed for Chapter 11 protection
(Bankr. D. Del. Lead Case No. 11-13853) on Dec. 8, 2011.
Bankruptcy Judge Mary F. Walrath handles the case.  Landis
Rath & Cobb LLP represents the Debtors in their restructuring
efforts.  BMC Group Inc. serves as claims agent; SSG Capital
Advisors, LLC serves as financial advisors; and Traverse, LLC
serves as restructuring crisis manager.   MBC Consulting and
Melanie B. Cox serve as interim chief executive officer.  Qorval
and Eric Glassman serve as restructuring consultant.

As of Oct. 31, 2011, the Debtors disclosed total assets of
$80.4 million and total liabilities including $40.3 million owing
on a first-lien debt, $51 million in subordinated notes, and
$17.9 million is owing to trade suppliers.  American Laser Centers
of California LLC disclosed $20,988,454 in assets and $99,951,866
in liabilities as of the Chapter 11 filing.  ALC Holdings LLC
disclosed $14,662 in assets and $93,744,094 in liabilities. The
petitions were signed by Andrew Orr, chief financial officer & VP
corporate operations.

Herrick, Feinstein LLP represents the Official Committee of
Unsecured Creditors.  The Committee tapped Ashby & Geddes, P.A. as
Delaware Counsel and J.H. Cohn LLP as its financial advisor.


FULLER BRUSH: Reports $273,000 Net Income in March
--------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Fuller Brush Co. reported net income of $273,000 from
the beginning of the bankruptcy reorganization on April 21 through
the end of March. Revenue in the period was $3.72 million. Gross
profit was $1.78 million. Interest expense was $119,500. No
reorganization expenses were charged in the period.

                  About The Fuller Brush Company

The Fuller Brush Company -- http://www.fuller.com/-- sells
branded and private label products for personal care, commercial
and household cleaning and has a current catalog of 2,000 cleaning
products.  Some of Fuller's retail partners include Home Trends,
Bi-Mart, Byerly's, Lunds, Home Depot, Do-It-Best, Primetime
Solutions, Vermont Country Store and Starcrest.

Founded in 1906 and based in Great Bend, Kansas, The Fuller Brush
Company, Inc., and its parent, CPAC, Inc., filed for Chapter 11
protection (Bankr. S.D.N.Y. Case Nos. 12-10714 and 12-10715) in
Manhattan on Feb. 21, 2012.  Fuller Brush filed for bankruptcy
five years after the company was taken over by private equity firm
Buckingham Capital Partners.

Fuller said it will be business as usual while undergoing Chapter
11 restructuring.  But it said that while in reorganization, it
intends to trim about half of the current catalog of cleaning
products.

Herrick Feinstein LP is the bankruptcy counsel.

Fuller, which has 180 employees as of the Chapter 11 filing,
disclosed $22.9 million in assets and $50.9 million in debt.

The official committee of unsecured creditors has tapped the law
firm of Kelley Drye & Warren LLP as counsel.

The reorganization is being financed with a $5 million loan from
an affiliate of Victory Park Capital Advisors LLC, the secured
lender owed $22.7 million that plans to buy the business
in exchange for debt.


INNER CITY: Files Revised Schedules of Receipts and Disbursements
-----------------------------------------------------------------
ICBC Broadcast Holdings, Inc., submitted to the Bankruptcy Court
on April 12, 2012, a revised schedule of cash receipts and
disbursements for the month ended Jan. 31, 2012, disclosing:

                                                   As Originally
                                     As Revised      Reported
                                     ----------    -------------
     Cash beginning of month           $309,402         $309,402
     Other receipts                     $13,520       $2,072,681
     Transfers (from DIP accts)      $2,059,161               $0
     Total receipts                  $2,072,681       $2,072,681
     Net payroll                       $225,176         $225,176
     Payroll taxes                      $14,294          $14,294
     Secured/rental/leases               $3,514           $3,514
     Insurance                          $23,927          $23,927
     Administrative                    $458,460         $458,460
     Selling                             $2,925           $2,925
     Other (intercompany transfer)           $0         $350,000
     Transfers (to DIP accts)          $350,000               $0
     Professional fees                 $543,836         $543,863
     Total disbursements             $1,622,160       $1,622,160
     Net Cash Flow                     $450,522         $450,522
     Cash end of month                 $759,924         $759,924

A copy of the revised schedule is available for free at:

    http://bankrupt.com/misc/icbcbroadcastholdings.doc430.pdf

ICBC Broadcast Holdings,CA, Inc., submitted to the Bankruptcy
Court on April 12, 2012, a revised schedule of cash receipts and
disbursements for the month ended Jan. 31, 2012, disclosing:

                                                   As Originally
                                     As Revised      Reported
                                     ----------    -------------
     Cash beginning of month           $864,868         $864,868
     Total receipts                  $1,526,859       $1,514,948
     Total disbursements             $1,637,754       $1,625,843
     Net Cash Flow                    ($110,895)       ($110,895)
     Cash end of month                 $753,973         $753,973

A copy of the revised schedule is available for free at:

   http://bankrupt.com/misc/icbcbroadcastholdings,ca.doc431.pdf

ICBC-NY, LLC, submitted to the Bankruptcy Court on April 12, 2012,
a revised schedule of cash receipts and disbursements for the
month ended Jan. 31, 2012, disclosing:

                                                   As Originally
                                     As Revised      Reported
                                     ----------    -------------
     Cash beginning of month          $356,820       $356,820
     Total receipts                 $2,841,657     $3,198,121
     Total disbursements            $2,800,732     $3,157,196
     Net Cash Flow                     $40,925        $40,925
     Cash end of month                $397,745       $397,745

A copy of the revised schedule is available for free at:

     http://bankrupt.com/misc/icbc-ny.doc432.pdf

Urban Radio of Mississippi, LLC, submitted to the Bankruptcy Court
on April 12, 2012, a revised schedule of cash receipts and
disbursements for the month ended Jan. 31, 2012, disclosing:

                                                   As Originally
                                     As Revised      Reported
                                     ----------    -------------
     Cash beginning of month           $134,723         $134,723
     Total receipts                    $431,545         $424,452
     Total disbursements               $402,327         $395,234
     Net Cash Flow                      $29,218          $29,218
     Cash end of month                 $163,941         $163,941

A copy of the revised schedule is available for free at:

    http://bankrupt.com/misc/urbanrdioofmississippi.doc433.pdf

Urban Radio of South Carolina, LLC, submitted to the Bankruptcy
Court on April 12, 2012, a revised schedule of cash receipts and
disbursements for the month ended Jan. 31, 2012, disclosing:

                                                   As Originally
                                     As Revised      Reported
                                     ----------    -------------
     Cash beginning of month           $724,035         $724,035
     Total receipts                    $873,753         $860,776
     Total disbursements             $1,058,235       $1,045,258
     Net Cash Flow                    ($184,482)       ($184,482)
     Cash end of month                 $539,553         $539,553

A copy of the revised schedule is available for free at:

  http://bankrupt.com/misc/urbanradioofsouthcarolina.doc434.pdf

                         About Inner City

On Aug. 23, 2011, affiliates of Yucaipa and CF ICBC LLC, Fortress
Credit Funding I L.P., and Drawbridge Special Opportunities Fund
Ltd., signed involuntary Chapter 11 petitions for Inner City Media
Corp. and its affiliates (Bankr. S.D.N.Y. Case Nos. 11-13967 to
11-13979) to collect on a $254 million debt.

The Petitioning Creditors are party to the senior secured credit
Facility pursuant to which they (or their predecessors in
interest) extended $197 million in loans to the Alleged Debtors to
be used for general corporate purposes.  More than two years ago,
the Alleged Debtors defaulted under the Senior Secured Credit
Facility, and in any event the entire amount of principal and
accrued and unpaid interest and fees became immediately due and
payable on Feb. 13, 2010.

Inner City Media's affiliates subject to the involuntary Chapter
11 are ICBC Broadcast Holdings, Inc., Inner-City Broadcasting
Corporation of Berkeley, ICBC Broadcast Holdings-CA, Inc., ICBC-
NY, L.L.C., ICBC Broadcast Holdings-NY, Inc., Urban Radio, L.L.C.,
Urban Radio I, L.L.C., Urban Radio II, L.L.C., Urban Radio III,
L.L.C., Urban Radio IV, L.L.C., Urban Radio of Mississippi,
L.L.C., and Urban Radio of South Carolina, L.L.C.

Judge Shelley C. Chapman granted each of Inner City and its debtor
affiliates relief under Chapter 11 of the United States Code.  The
decision came after considering the involuntary petitions, and the
Debtors' answer to involuntary petitions and consent to entry of
order for relief and reservation of rights.

Attorneys for Yucaipa Corporate Initiatives Fund II, L.P. and
Yucaipa Corporate Initiatives (Parallel) Fund II, L.P. are John J.
Rapisardi, Esq., and Scott J. Greenberg, Esq., at Cadwalader,
Wickersham & Taft LLP.  Attorneys for CF ICBC LLC, Fortress Credit
Funding I L.P., and Drawbridge Special Opportunities Fund Ltd. are
Adam C. Harris, Esq., and Meghan Breen, Esq., at Schulte Roth &
Zabel LLP.

Akin Gump Strauss Hauer & Feld LLP serves as the Debtors' counsel.

Rothschild Inc. serves as the Debtors' financial advisors and
investment bankers.  GCG Inc. serves as the Debtors' claims agent.

The United States Trustee said that an official committee under 11
U.S.C. Sec. 1102 has not been appointed in the bankruptcy case of
Inner City Media because an insufficient number of persons holding
unsecured claims against the Debtor has expressed interest in
serving on a committee.


LEHMAN BROTHERS: Has $29.5 Billion Cash as of Feb. 29
-----------------------------------------------------
Lehman Brothers Holdings Inc. disclosed these cash receipts and
disbursements of the company, its affiliated debtors and
controlled entities for the month ended February 29, 2012:

Beginning Total Cash & Investments (02/01/12)  $27,353,000,000
Total Sources of Cash                            1,974,000,000
Total Uses of Cash                                (304,000,000)
FX Fluctuation                                      (2,000,000)
                                                ---------------
Ending Total Cash & Investments (02/29/12)     $29,512,000,000

LBHI reported $6.459 billion in cash and investments as of
February 1, 2012, and $7.942 billion as of February 29, 2012.

The monthly operating report also showed that a total of
$37,933,000 was paid last month to the U.S Trustee and
professionals that were retained in the Debtors' Chapter 11
cases.

From September 15, 2008 to February 29, 2012, a total of
$1,622,743,000 was paid to the U.S. Trustee and professionals, of
which $519,020,000 was paid to the Debtors' turnaround manager
Alvarez & Marsal LLC while $398,970,000 was paid to their
bankruptcy counsel, Weil Gotshal & Manges LLP.

A full-text copy of the February 2012 Operating Report is
available for free at:

  http://bankrupt.com/misc/LehmanMORFeb2912.pdf

                    About Lehman Brothers

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

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

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

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

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

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

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

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  Lehman is set to make its first payment to creditors
under its $65 billion payout plan on April 17, 2012.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers
International (Europe) on Sept. 15, 2008.  The joint
administrators have been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan
Inc. filed for bankruptcy in the Tokyo District Court on
Sept. 16.  Lehman Brothers Japan Inc. reported about JPY3.4
trillion (US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates.  (http://bankrupt.com/newsstand/or 215/945-700)


LOS ANGELES DODGERS: LA Holdco Reports $14.9MM February Net Loss
----------------------------------------------------------------
LA Holdco LLC reported a net loss of $14.9 million on $746,653 of
revenues for the month of February 2012.  Interest expense was
$3.1 million and bankruptcy related expenses were $1.9 million.

For the nine months ended Feb. 29, 2012, the net loss was
$81.4 million on $150.9 million of revenues.  Interest expense was
$32.2 million.  Bankruptcy related expenses were $20.2 million.

LA Holdco LLC's consolidated balance sheet at Feb. 29, 2012,
showed $393.0 million in total assets, $742.8 million in total
liabilities, and a members' deficit of $349.8 million.

Los Angeles Dodgers LLC reported a net loss of $11.4 million on
$961,707 of revenues for the month ended Feb. 29, 2012.  Interest
expense was $1.2 million.  Bankruptcy related expenses were
$1.9 million.

For the nine months ended Feb. 29, 2012, the net loss was
$54.0 million on $151.5 million of revenues.  Interest expense was
$14.7 million.  Bankruptcy related expenses were $20.0 million.

As of Feb. 29, 2012, Los Angeles Dodgers LLC had $177.8 million
in total assets, $310.1 million in total liabilities, and a
members' deficit of $132.3 million.

LA Real Estate LLC reported a net loss of $3.5 million on
$1.6 million of revenues for the month ended Feb. 29, 2012.
Interest expense was $1.9 million.  The report includes activity
of Dodger Tickets LLC, a non-Debtor.

For the nine months ended Feb. 29, 2012, the net loss was
$23.5 million on $66.6 million of revenues.  Interest expense was
$17.6 million.

As of Feb. 29, 2012, LA Real Estate LLC had total assets of
$262.6 million, total liabilities of $480.1 million, and a
members' deficit of $217.5 million.

Debtors Los Angeles Dodgers Holding Company LLC and LA Real Estate
Holding Company LLC are holding companies and do not prepare
financial statements.

A copy of the monthly operating report is available for free at:

    http://bankrupt.com/misc/losangelesdodgers.feb2012mor.pdf

                     About Los Angeles Dodgers

Los Angeles Dodgers LLC operates the Los Angeles Dodgers, a
professional Major League Baseball club in the Los Angeles
metropolitan area.  Frank McCourt, a Boston real-estate developer
who unsuccessfully bid for the Boston Red Sox, bought the Dodgers
from Rupert Murdoch's Fox Entertainment Group Inc. in 2004 for
$330 million.  Mr. McCourt also bought the Dodgers Stadium from
Fox for $100 million.

Los Angeles Dodgers LLC filed for bankruptcy protection (Bankr.
D. Del. Lead Case No. 11-12010) on June 27, 2011, after MLB
Commissioner Bud Selig rejected a television deal with News
Corp.'s Fox Sports, leaving Mr. McCourt unable to make payroll for
June 30 and July 1.  Fox Sports has exclusive cable television
rights for Dodgers games until the end of 2013 baseball season.

Chapter 11 filings were also made for LA Real Estate LLC, an
affiliated entity which owns Dodger Stadium, and three other
related holding companies.

The petition estimated assets of up to $500 million and debts of
up to $1 billion.  In its schedules, the LA Dodgers baseball club
disclosed $77,963,734 in assets and $4,695,702 in liabilities.  LA
Real Estate LLC disclosed $161,761,883 in assets and $0 in
liabilities.

According to Forbes, the Dodgers is worth about $800 million,
making it the third most valuable baseball team after the New York
Yankees and the Boston Red Sox.

Judge Kevin Gross presides over the case.  Lawyers at Young,
Conaway, Stargatt & Taylor and Dewey & LeBoeuf LLP serve as the
Debtors' bankruptcy counsel.  Epiq Bankruptcy Solutions LLC is the
claims and notice agent.  Public relations specialist Kekst and
Company has been hired for crisis support.  Covington & Burling
LLP serves as special counsel.

An official committee of unsecured creditors has been appointed in
the case.  The panel has tapped Lazard Freres & Co. as financial
adviser and investment banker, and Morrison & Foerster LLP and
Pinckney, Harris & Weidinger, LLC as counsel.

The LA Dodgers is the 12th sports team in North America to have
sought bankruptcy protection.

The reorganization is being financed with a $150 million unsecured
loan from the Commissioner of Major League Baseball.  The loan
gives the Commissioner few of the controls lenders often demanded
from bankrupt companies.

The Bankruptcy Court in Wilmington, Delaware on April 13 confirmed
the Second Amended Joint Plan of reorganization for the Los
Angeles Dodgers and its debtor-affiliates and approved the
$2.15 billion sale of the baseball club and Dodger Stadium to
Guggenheim Baseball Management.


MONEY TREE: Files Operating Reports for Fiscal Month Ended Feb. 25
------------------------------------------------------------------
The Money Tree Inc. reported net profit of $500 on $0 total income
for the fiscal month ended Feb. 25, 2012.  Expenses allocated to
subsidiaries totaled $528,664.

The Money Tree Inc.'s balance sheet at Feb. 25, 2012, showed
$75.7 million in total assets, $73.4 million in total liabilities,
and a stockholders' deficit of $2.3 million.

The Money Tree Inc. ended Feb. 25, 2012, with $33,445 cash,
compared to $41,054 at Jan. 25, 2012.  Cash income for the period
was $347,835 and cash expenses for the period were $355,444, for a
cash loss of $7,609.

A copy of The Money Tree Inc.'s operating report is available for
free at http://bankrupt.com/misc/moneytree.doc240.pdf

The Money Tree of Louisiana, Inc., reported a net loss of $113,430
on $57,760 of total income for the fiscal month ended Feb. 25,
2012.

The Debtor ended the period with $218,694 cash, compared to
$209,896 at the beginning of the period.  Cash income for the
month was $149,508 and cash expenses for the month were $140,710,
for a cash profit of $8,798.

The Money Tree of Louisiana, Inc.'s balance sheet at Feb. 25,
2012, showed $1.6 million in total assets, $13.2 million in total
liabilities, and a stockholders' deficit of $11.6 million.

A copy of the The Money Tree of Louisiana's monthly operating
report is available for free at:

     http://bankrupt.com/misc/moneytreeoflouisiana.doc233.pdf

Small Loans, Inc., reported a net loss of $81,605 on total income
of $103,330 for the fiscal month ended Feb. 25, 2012.  The Debtor
ended the period with $260,348 in cash and cash equivalents,
compared to $192,197 at the beginning of the period.  Cash income
for the period was $284,019 and cash expenses for the period were
$215,868, for a cash profit of $68,151.

Small Loans, Inc.'s balance sheet at Feb. 25, 2012, showed
$2.7 million in total assets, $16.0 million in total
liabilities, and a stockholders' deficit of $13.3 million.

A copy of Small Loans' operating report is available for free at:

          http://bankrupt.com/misc/smallloans.doc231.pdf

The Money Tree of Florida, Inc., reported a net loss of $32,392 on
$24,686 of total income for the fiscal month ended Feb. 25, 2012.

The Debtor ended the period with $135,804 cash, compared to
$88,364 at the beginning of the period.  Cash income for the
period was $99,484 and cash expenses for the period were $52,044,
for a cash profit of $47,440.

The Money Tree of Florida, Inc.'s balance sheet at Feb. 25, 2012,
showed $1.1 million in total assets, $3.7 million in total
liabilities, and a stockholders' deficit of $2.6 million.

A copy of the Debtor's monthly operating report is available for
free at http://bankrupt.com/misc/moneytreeofflorida.doc229.pdf

The Money Tree of Georgia, Inc., reported a net loss of $377,612
on $308,863 of total income for the fiscal month ended Feb. 25,
2012.

The Debtor ended the period with $3,897,782 cash, compared to
$3,335,094 at the beginning of the period.  Cash income for the
period was $1,176,755 and cash expenses for the period were
$614,067, for a cash profit of $562,688.

The Money Tree of Georgia, Inc.'s balance sheet at Feb. 25, 2012,
showed $30.6 million in total assets, $65.9 million in total
liabilities, and a stockholders' deficit of $35.3 million.

A copy of the Debtor's monthly operating report is available for
free at http://bankrupt.com/misc/moneytreeofgeorgia.doc236.pdf

                       About Money Tree

Bainbridge, Georgia-based The Money Tree Inc. --
http://www.moneytreeinc.com/-- operates a network of lending
branches across the Southeast, concentrated in Georgia, Florida
and Alabama.  The Company and four affiliates filed for Chapter 11
bankruptcy (Bankr. M.D. Ala. Case Nos. 11-12254 thru 11-12258) on

Dec. 16, 2011.  The other debtor-affiliates are Small Loans, Inc.,
The Money Tree of Louisiana, Inc., The Money Tree of Florida Inc.,
and The Money Tree of Georgia of Georgia Inc.  Judge William R.
Sawyer oversees the case, replacing Judge Dwight H. Williams, Jr.
Max A. Moseley, Esq., at Baker Donelson Bearman Caldwell & Berkow,
P.C., serves as the Debtors' counsel.  The Debtors hired Warren,
Averett, Kimbrough & Marino, LLC, as restructuring advisors.

Money Tree's consolidated balance sheet reported $34,859,189 in
assets, $92,655,010 in liabilities, and $57,795,821 in total
stockholders' deficit.  The Money Tree Inc. disclosed $73,413,612
in assets and $73,050,785 in liabilities as of the Chapter 11
filing.  The petitions were signed by Biladley D. Bellville,
president.

The Company's subsidiary, Best Buy Autos of Bainbridge Inc., is
not a party to the bankruptcy filing and intends to operate its
business in the ordinary course.

Greenberg Traurig, LLP represents the official committee of
unsecured creditors for the Debtors.  The Committee tapped HGH
Associates LLC as its accountants and financial advisors.


NORTEL NETWORKS: Ends February 2012 With $1.081 Billion Cash
------------------------------------------------------------
Nortel Networks Inc. ended February 2012 with $1.081 billion in
cash, cash equivalents and restricted cash, as compared to
$1.061 billion at the beginning of the month.

As of Feb. 29, 2012, Nortel Networks Inc. had $1.404 billion
in total assets, $5.696 billion in total liabilities, and a
stockholders' deficit of $4.292 billion.

A copy of the February 2012 operating report is available for free
at http://bankrupt.com/misc/nni.feb.2012mor.pdf

Nortel Networks Inc. ended January 2012 with $1.061 billion in
cash, cash equivalents and restricted cash, as compared to
$1.060 billion at the beginning of the month.

As of Jan. 31, 2012, Nortel Networks Inc. had $1.411 billion
in total assets, $5.697 billion in total liabilities, and a
stockholders' deficit of $4.286 billion.

A copy of the February 2012 operating report is available for free
at http://bankrupt.com/misc/nni.jan.2012mor.pdf

                       About Nortel Networks

Nortel Networks (OTC BB: NRTLQ) -- http://www.nortel.com/-- was
once North America's largest communications equipment provider.
It has sold most of the businesses while in bankruptcy.

Nortel Networks Corp., Nortel Networks Inc., and other affiliated
corporations in Canada sought insolvency protection under the
Companies' Creditors Arrangement Act in the Ontario Superior Court
of Justice (Commercial List).  Ernst & Young was appointed to
serve as monitor and foreign representative of the Canadian Nortel
Group.

The Monitor sought recognition of the CCAA Proceedings in the
U.S. by filing a bankruptcy petition under Chapter 15 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10164).  Mary
Caloway,Esq., and Peter James Duhig, Esq., at Buchanan Ingersoll &
Rooney PC, in Wilmington, Delaware, serves as the Chapter 15
petitioner's counsel.

Nortel Networks Inc. and 14 affiliates filed separate Chapter 11
petitions (Bankr. D. Del. Case No. 09-10138) on Jan. 14, 2009.
Judge Kevin Gross presides over the case.  James L. Bromley, Esq.,
at Cleary Gottlieb Steen & Hamilton, LLP, in New York, serves as
general bankruptcy counsel; Derek C. Abbott, Esq., at Morris
Nichols Arsht & Tunnell LLP, in Wilmington, serves as Delaware
counsel.  The Chapter 11 Debtors' other professionals are Lazard
Freres & Co. LLC as financial advisors; and Epiq Bankruptcy
Solutions LLC as claims and notice agent.

The Office of the United States Trustee for the District of
Delaware has appointed an Official Committee of Unsecured
Creditors in respect of the Debtors, and an ad hoc group of
bondholders has been organized.

Fred S. Hodara, Esq., at Akin Gump Strauss Hauer & Feld LLP, in
New York, and Christopher M. Samis, Esq., at Richards, Layton &
Finger, P.A., in Wilmington, Delaware, represent the Official
Committee of Unsecured Creditors.

The Official Committee of Retired Employees and the Official
Committee of Long-Term Disability Participants tapped Alvarez &
Marsal Healthcare Industry Group as financial advisor.  The
Retiree Committee is represented by McCarter & English LLP as
Delaware counsel, and Togut Segal & Segal serves as the Retiree
Committee.  The Committee retained Alvarez & Marsal Healthcare
Industry Group as financial advisor, and Kurtzman Carson
Consultants LLC as its communications agent.

Certain of Nortel's European subsidiaries also made consequential
filings for creditor protection.  On May 28, 2009, at the request
of the Administrators, the Commercial Court of Versailles, France
ordered the commencement of secondary proceedings in respect of
Nortel Networks S.A.  On June 8, 2009, Nortel Networks UK Limited
filed petitions in this Court for recognition of the English
Proceedings as foreign main proceedings under chapter 15 of the
Bankruptcy Code.

Nortel has collected almost $9 billion for distribution to
creditors. Of the total, US$4.5 billion came from the sale of
Nortel's patent portfolio to Rockstar Bidco, a consortium
consisting of Apple Inc., EMC Corporation, Telefonaktiebolaget LM
Ericsson, Microsoft Corp., Research In Motion Limited, and Sony
Corporation.  The consortium defeated a $900 million stalking
horse bid by Google Inc. at an auction.  The deal closed in July
2011.

Nortel Networks has filed a proposed plan of liquidation in the
U.S. Bankruptcy Court.  The Plan generally provides for full
payment on secured claims with other distributions going in
accordance with the priorities in bankruptcy law.


SPECIALTY PRODUCTS: Ends February 2012 With $25.41-Mil. Cash
------------------------------------------------------------
Specialty Products Holdings Corp. reported a net loss of
$1.8 million on $0 revenue for the month ended Feb. 29, 2012.

At Feb. 29, 2012, the Debtor had $470.6 million in total assets,
$226.3 million in total liabilities, and stockholders' equity of
$244.3 million.  The Debtor had unrestricted cash and equivalents
of $25,414,951 at Feb. 29, 2012, compared to $26,059,798 at the
beginning of the period.  Professional fees paid in the month
totaled $3.3 million.

A copy of the February 2012 monthly operating report is available
for free at:

    http://bankrupt.com/misc/specialtyproducts.feb2012mor.pdf

                      About Specialty Products

Cleveland, Ohio-based Specialty Products Holdings Corp., aka RPM,
Inc., is a wholly owned subsidiary of RPM International Inc.  The
Company is the holding company parent of Bondex International,
Inc., and the direct or indirect parent of certain additional
domestic and foreign subsidiaries.  The Company claims to be a
leading manufacturer, distributor and seller of various specialty
chemical product lines, including exterior insulating finishing
systems, powder coatings, fluorescent colorants and pigments,
cleaning and protection products, fuel additives, wood treatments
and coatings and sealants, in both the industrial and consumer
markets.

The Company filed for Chapter 11 bankruptcy protection on May 31,
2010 (Bankr. D. Del. Case No. 10-11780).  Gregory M. Gordon, Esq.,
Dan B. Prieto, Esq., and Robert J. Jud, Esq., at Jones Day, serve
as bankruptcy counsel.  Daniel J. DeFranceschi, Esq., and Zachary
I. Shapiro, Esq., at Richards Layton & Finger, serve as
co-counsel.  Logan and Company is the Company's claims and notice
agent.

The Company estimated its assets and debts at $100,000,001 to
$500,000,000.

The Company's affiliate, Bondex International, Inc., filed a
separate Chapter 11 petition on May 31, 2010 (Case No. 10-11779),
estimating its assets and debts at $100,000,001 to $500,000,000.


SPECIALTY PRODUCTS: Bondex Reports $33,659 Net Loss in February
---------------------------------------------------------------
Bondex International, Inc., reported a net loss of $33,659 on
$0 revenue for the month of February 2012.

At Jan. 31, 2012, the Debtor had ($181.5) million in total
assets, $366.9 million in total liabilities, and a stockholders'
deficit of $548.4 million.

A copy of the February 2012 monthly operating report is available
for free at http://bankrupt.com/misc/bondex.feb2012mor.pdf

                      About Specialty Products

Cleveland, Ohio-based Specialty Products Holdings Corp., aka RPM,
Inc., is a wholly owned subsidiary of RPM International Inc.  The
Company is the holding company parent of Bondex International,
Inc., and the direct or indirect parent of certain additional
domestic and foreign subsidiaries.  The Company claims to be a
leading manufacturer, distributor and seller of various specialty
chemical product lines, including exterior insulating finishing
systems, powder coatings, fluorescent colorants and pigments,
cleaning and protection products, fuel additives, wood treatments
and coatings and sealants, in both the industrial and consumer
markets.

The Company filed for Chapter 11 bankruptcy protection on May 31,
2010 (Bankr. D. Del. Case No. 10-11780).  Gregory M. Gordon, Esq.,
Dan B. Prieto, Esq., and Robert J. Jud, Esq., at Jones Day, serve
as bankruptcy counsel.  Daniel J. DeFranceschi, Esq., and Zachary
I. Shapiro, Esq., at Richards Layton & Finger, serve as
co-counsel.  Logan and Company is the Company's claims and notice
agent.

The Company estimated its assets and debts at $100,000,001 to
$500,000,000.

The Company's affiliate, Bondex International, Inc., filed a
separate Chapter 11 petition on May 31, 2010 (Case No. 10-11779),
estimating its assets and debts at $100,000,001 to $500,000,000.



                          *********

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.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

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.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                           *********

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., Frederick, Maryland,
USA.  Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Howard C. Tolentino, Joseph Medel C. Martirez, Denise
Marie Varquez, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Carlo Fernandez, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

Copyright 2012 .  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $775 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 Chapman
at 240/629-3300.

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