TCR_Public/130629.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, June 29, 2013, Vol. 17, No. 178

                            Headlines

CHRIST HOSPITAL: Lists $125,000 Net Loss in April
CHRIST HOSPITAL: Records $63,000 Net Loss for Period Ended June 4
EDISON MISSION: Has $14.8-Mil. Net Loss in May
HI-WAY EQUIPMENT: Ends April with $1.75 Million Cash
HOSTESS BRANDS: Had $60.38 Million Cash Balance at May 4

K-V PHARMACEUTICAL: Had $3.2 Million Net Loss in May
LIBERTY MEDICAL: Ends March with $53.46 Million Cash
LIBERTY MEDICAL: Ends April with $27.43 Million Cash
METRO FUEL: Records $108,576 Net Loss for April
NEOGENIX ONCOLOGY: Lists $43,970 Disbursements in April

PATRIOT COAL: Posts $33 Million Net Loss in May
PMI GROUP: Incurs $915,600 Net Loss in May


                            *********

CHRIST HOSPITAL: Lists $125,000 Net Loss in April
-------------------------------------------------
Christ Hospital, on June 13, 2013, filed its monthly operating
report for the month ended April 2013.

The Debtor reported a net loss of $125,000 for the month ended
April 2013.

As of April 30, 2013, Christ Hospital had total assets of
$8.76 million, total liabilities of $100.71 million, and total
stockholders' deficit of $91.52 million.

At the beginning of April, Christ Hospital had a beginning estate
cash balance of $8.84 million.  The Debtor had total cash
disbursements of $154,655.  At the end of April, Christ Hospital
had an ending estate cash balance of $8.76 million.

A full-text copy of the monthly operating report is available at:

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

                      About Christ Hospital

Christ Hospital filed for Chapter 11 bankruptcy (Bankr. D.N.J.
Case No. 12-12906) on Feb. 6, 2012. Christ Hospital, founded in
1872 by an Episcopalian priest, is a 367-bed acute care hospital
located in Jersey City, New Jersey at 176 Palisade Avenue, serving
the community of Hudson County. The Debtor is well-known for its
broad range of services from primary angioplasty for cardiac
patients to intensity modulated radiation therapy for those
battling cancer. Christ Hospital is the only facility in Hudson
County to offer IMRT therapy, which is the most significant
breakthrough in cancer treatment in recent years.

Christ Hospital filed for Chapter 11 after an attempt to sell the
assets fell through. Judge Morris Stern presides over the case.
Lawyers at Porzio, Bromberg & Newman, P.C., serve as the Debtor's
counsel. Alvarez & Marsal North America LLC serves as financial
advisor. Logan & Company Inc. serves as the Debtor's claim and
noticing agent.

The Health Professional and Allied Employees AFT/AFI-CIO is
represented in the case by Mitchell Malzberg, Esq., at Mitnick &
Malzberg P.C.

Attorneys at Sills, Cummis & Gross, P.C., represent the Official
Committee of Unsecured Creditors.

On March 27, 2012, Judge Stern approved the sale of the Hospital's
assets to Hudson Hospital Holdo, LLC. Hudson bid $45,271,000 for
the Hospital's assets. The sale of the Debtor's assets to Hudson
closed on July 13, 2012.


CHRIST HOSPITAL: Records $63,000 Net Loss for Period Ended June 4
-----------------------------------------------------------------
Christ Hospital, on June 18, 2013, filed its monthly operating
report for the period from May 1 to June 4, 2013.

The Debtor reported a net loss of $63,000 for the period
ended June 4, 2013.

As of June 4, 2013, Christ Hospital had total assets of
$8.97 million, total liabilities of $100.71 million, and total
stockholders' deficit of $91.73 million.

At the beginning of May, Christ Hospital had a beginning estate
cash balance of $8.76 million.  For the reporting period, the
Debtor had cash inflows and received settlement amounts totaling
354,842, and disbursed $146,018 for professional fees, insurance
plan funding and other administrative payables.  At the end of the
period, Christ Hospital had an ending estate cash balance of $8.97
million.

A full-text copy of the monthly operating report is available at:

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

                      About Christ Hospital

Christ Hospital filed for Chapter 11 bankruptcy (Bankr. D.N.J.
Case No. 12-12906) on Feb. 6, 2012. Christ Hospital, founded in
1872 by an Episcopalian priest, is a 367-bed acute care hospital
located in Jersey City, New Jersey at 176 Palisade Avenue, serving
the community of Hudson County. The Debtor is well-known for its
broad range of services from primary angioplasty for cardiac
patients to intensity modulated radiation therapy for those
battling cancer. Christ Hospital is the only facility in Hudson
County to offer IMRT therapy, which is the most significant
breakthrough in cancer treatment in recent years.

Christ Hospital filed for Chapter 11 after an attempt to sell the
assets fell through. Judge Morris Stern presides over the case.
Lawyers at Porzio, Bromberg & Newman, P.C., serve as the Debtor's
counsel. Alvarez & Marsal North America LLC serves as financial
advisor. Logan & Company Inc. serves as the Debtor's claim and
noticing agent.

The Health Professional and Allied Employees AFT/AFI-CIO is
represented in the case by Mitchell Malzberg, Esq., at Mitnick &
Malzberg P.C.

Attorneys at Sills, Cummis & Gross, P.C., represent the Official
Committee of Unsecured Creditors.

On March 27, 2012, Judge Stern approved the sale of the Hospital's
assets to Hudson Hospital Holdo, LLC. Hudson bid $45,271,000 for
the Hospital's assets. The sale of the Debtor's assets to Hudson
closed on July 13, 2012.


EDISON MISSION: Has $14.8-Mil. Net Loss in May
----------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that independent power producer Edison Mission Energy
reported a $14.8 million net loss in May.  In a monthly operating
report filed with the bankruptcy court, EME reported revenue of
$59.7 million in May, resulting in an $18.8 million operating
loss.  The net loss was smaller, at $14.8 million, thanks to a
$10.9 million tax benefit.  Reorganization costs in the month were
$5.4 million.

                      About Edison Mission

Santa Ana, California-based Edison Mission Energy is a holding
company whose subsidiaries and affiliates are engaged in the
business of developing, acquiring, owning or leasing, operating
and selling energy and capacity from independent power production
facilities.  EME also engages in hedging and energy trading
activities in power markets through its subsidiary Edison Mission
Marketing & Trading, Inc.

EME was formed in 1986 and is an indirect subsidiary of Edison
International.  Edison International also owns Southern California
Edison Company, one of the largest electric utilities in the
United States.

EME and its affiliates sought Chapter 11 protection (Bankr. N.D.
Ill. Lead Case No. 12-49219) on Dec. 17, 2012.

EME has reached an agreement with the holders of a majority of
EME's $3.7 billion of outstanding public indebtedness and its
parent company, Edison International EIX, that, pursuant to a plan
of reorganization and pending court approval, would transition
Edison International's equity interest to EME's creditors, retire
existing public debt and enhance EME's access to liquidity.

The Company's balance sheet at Sept. 30, 2012, showed
$8.17 billion in total assets, $6.68 billion in total liabilities
and $1.48 billion in total equity.

In its schedules, Edison Mission Energy disclosed total assets of
assets of $5,721,559,170 and total liabilities of $6,202,215,094
as of the Petition Date.

Kirkland & Ellis LLP is serving as legal counsel to EME, Perella
Weinberg Partners, LP is acting as financial advisor and McKinsey
Recovery & Transformation Services U.S., LLC is acting as
restructuring advisor.  GCG, Inc., is the claims and notice agent.

An official committee of unsecured creditors has been appointed in
the case and is represented by the law firms Akin Gump and Perkins
Coie.  The Committee also has tapped Blackstone Advisory Partners
as investment banker and FTI Consulting as financial advisor.

EME said it doesn't plan to emerge from Chapter 11 until December
2014 to receive benefits from a tax-sharing agreement with parent
Edison International Inc.


HI-WAY EQUIPMENT: Ends April with $1.75 Million Cash
----------------------------------------------------
Hi-Way Equipment Company, on May 20, 2013, filed its monthly
operating report for the month ended April 2013.

The Debtor posted a net loss of $364,513 on net revenues of
$5.7 million for the month ended April 2013.

As of April 2013, the Debtor had total assets of $43.01 million,
total liabilities of $44.25 million, and total stockholders'
deficit of $1.77 million.

Hi-Way Equipment had $621,942 cash at the beginning in April.  It
had total cash inflow of $5.72 million, and total disbursements of
$4.22 million.  The disbursements comprise of $3.93 million in
operating disbursements and $287,099 in reorganization expenses.
At the end of April, the Debtor had total cash of $1.75 million.

A full-text copy of the monthly operating report is available at:

      http://bankrupt.com/misc/HI-WAY_EQUIPMENT_aprilmor.pdf

                  About Hi-Way Equipment Company

Hi-Way Equipment Company LLC filed a Chapter 11 petition (Bankr.
N.D. Tex. Case No. 13-41498) on April 1, 2013.  Charles W. Reeves,
Jr., signed the petition as chief restructuring officer.
Gardere Wynne Sewell, LLP, serves as the Debtor's counsel.  The
Debtor estimated assets and debts of at least $10 million.

Hi-Way Equipment has been providing rental and sales of equipment
since 1948.  In 2008, Hi-Way Equipment acquired Equipment Support
Services, Inc.  As part of that acquisition, Hi-Way Equipment
expanded to become a dealer of Case and Case IH equipment through
CNH America LLC.  With the acquisition of ESS, Hi-Way Equipment
acquired ESS' subsidiaries: CDI Equipment, Ltd., Carruth-Doggett
Industries Partners Acquisition, LLC, Future Equipment Holdings,
LLC, Future Equipment Partners, LLC, Equipment Support Services,
Inc., ESS Acquisition LLC, Carruth-Doggett Industries Holdings
Acquisition, LLC and Southern Power Acquisition, Inc.  In 2011,
Hi-Way Equipment merged with the Subsidiaries and Hi-Way Equipment
was the sole surviving entity. Hi-Way Equipment serves as the non-
exclusive dealer of Case and Case IH equipment in numerous
counties across Texas.


HOSTESS BRANDS: Had $60.38 Million Cash Balance at May 4
--------------------------------------------------------
Old HB, Inc., f/k/a Hostess Brands, Inc., et al., on June 7, 2013,
filed its monthly operating report for the period from April 7 to
May 4, 2013.

The Debtor reported a net income of $332.02 million on net revenue
of $363,000 for the reporting period.

As of May 4, 2013, Hostess Brands had total assets of
$605.47 million, total liabilities of $3.07 billion, and total
stockholders' deficit of $2.47 billion.

The Debtor had $35.75 million in unrestricted cash at the
beginning of the reporting period.  It had total cash receipts of
$471.4 million and total cash disbursements of $446.78 million for
the reporting period.  At the end of the period, Hostess Brands
had total cash of $60.38 million.

A full-text copy of the monthly operating report is available at:

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

                      About Hostess Brands

Hostess Brands Inc. -- known for iconic brands such as Butternut,
Ding Dongs, Dolly Madison, Drake's, Home Pride, Ho Hos, Hostess,
Merita, Nature's Pride, Twinkies and Wonder -- sought Chapter 11
bankruptcy protection early morning on Jan. 11, 2011 (Bankr.
S.D.N.Y. Case Nos. 12-22051 through 12-22056) in White Plains, New
York.  Founded in 1930, the Irving, Texas-based company operated
36 bakeries, 565 distribution centers and 570 outlets in 49 states
at the time of the filing.  It disclosed assets of $982 million
and liabilities of $1.43 billion as of the petition date.

The bankruptcy filing was made two years after predecessors
Interstate Bakeries Corp. and its affiliates emerged from
bankruptcy (Bankr. W.D. Mo. Case No. 04-45814).

In the new Chapter 11 case, Hostess hired Jones Day as bankruptcy
counsel; Stinson Morrison Hecker LLP as general corporate counsel
and conflicts counsel; Perella Weinberg Partners LP as investment
bankers, FTI Consulting, Inc. to provide an interim treasurer and
additional personnel for the Debtors, and Kurtzman Carson
Consultants LLC as administrative agent.

Matthew Feldman, Esq., at Willkie Farr & Gallagher, and Harry
Wilson, the head of turnaround and restructuring firm MAEVA
Advisors, represent the Teamsters union.

Attorneys for The Bakery, Confectionery, Tobacco Workers and Grain
Millers International Union and Bakery & Confectionery Union &
Industry International Pension Fund are Jeffrey R. Freund, Esq.,
at Bredhoff & Kaiser, P.L.L.C.; and Ancela R. Nastasi, Esq., David
A. Rosenzweig, Esq., and Camisha L. Simmons, Esq., at Fulbright &
Jaworski L.L.P.

The official committee of unsecured creditors selected New York
law firm Kramer Levin Naftalis & Frankel LLP as its counsel. Tom
Mayer and Ken Eckstein head the legal team for the committee.

Hostess Brands in mid-November 2012 opted to pursue the orderly
wind down of its business and sale of its assets after the Bakery,
Confectionery, Tobacco and Grain Millers Union (BCTGM) commenced a
nationwide strike.  The Debtor failed to reach an agreement with
BCTGM on contract changes.  Hostess Brands said it intends to
retain approximately 3,200 employees to assist with the initial
phase of the wind down.  Employee headcount is expected to
decrease by 94% within the first 16 weeks of the wind down.  The
entire process is expected to be completed in one year.

Hostess received court approval for sales raising about $800
million. Apollo Global Management LLC and C. Dean Metropoulos &
Co. bought the snack cake business for $410 million. Flowers Foods
Inc. took most of the bread business, including the Wonder bread
brand for $360 million.  Neither of the sales attracted
competitive bidding.  After an auction with competitive bidding,
Mexican baker Grupo Bimbo SAB was given a green light to buy the
Beefsteak rye bread business for $31.9 million.


K-V PHARMACEUTICAL: Had $3.2 Million Net Loss in May
----------------------------------------------------
K-V Pharmaceutical Company and its affiliates filed with the U.S.
Securities and Exchange Commission their monthly operating report
for May 2013.

The Debtors' consolidated statement of operations showed a net
loss from continuing operations of $3.15 million on $8.76 million
of net revenues for the month.

As of May 31, 2013, the Debtors had $215.67 million in total
assets, $705.41 million in total liabilities and a $489.74 million
total shareholders' deficit.

The Debtors had total receipts of $11.27 million and total cash
disbursements of $8.41 million.  For the month of May, the Debtors
paid $76,000 in professional fees.

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

                       http://is.gd/JeRxPn

                    About K-V Pharmaceutical

K-V Pharmaceutical Company (NYSE: KVa/KVb) --
http://www.kvpharmaceutical.com/-- is a fully integrated
specialty pharmaceutical company that develops, manufactures,
markets, and acquires technology-distinguished branded and
generic/non-branded prescription pharmaceutical products.  The
Company markets its technology distinguished products through
ETHEX Corporation, a subsidiary that competes with branded
products, and Ther-Rx Corporation, the company's branded drug
subsidiary.

K-V Pharmaceutical Company and certain domestic subsidiaries on
Aug. 4, 2012, filed voluntary Chapter 11 petitions (Bankr.
S.D.N.Y. Lead Case No. 12-13346, under K-V Discovery Solutions
Inc.) to restructure their financial obligations.

K-V employed Willkie Farr & Gallagher LLP as bankruptcy counsel,
Williams & Connolly LLP as special litigation counsel, and SNR
Denton as special litigation counsel.  In addition, K-V tapped
Jefferies & Co., Inc., as financial advisor and investment banker.
Epiq Bankruptcy Solutions LLC is the claims and notice agent.

The U.S. Trustee appointed five members to serve in the Official
Committee of Unsecured Creditors.  Kristopher M. Hansen, Esq.,
Erez E. Gilad, Esq., and Matthew G. Garofalo, Esq., at Stroock &
Stroock & Lavan LLP, represent the Creditors Committee.

Weil, Gotshal & Manges LLP's Robert J. Lemons, Esq., and Lori R.
Fife, Esq., represent an Ad Hoc Senior Noteholders Group.


LIBERTY MEDICAL: Ends March with $53.46 Million Cash
----------------------------------------------------
ATLS Acquisition, LLC, on May 3, 2013, filed its monthly operating
report for the period from Feb. 15, 2013 to March 31, 2013.

The Debtor reported a net income of $3.2 million on net revenue
of $66.15 million for the reporting period.

As of March 31, 2013, ATLS Acquisition had total assets of
$258.85 million, total liabilities of $116.09 million, and total
stockholders' equity of $142.75 million.

At the beginning of the period, the Debtor had $38.97 million in
cash.  ATLS Acquisition had total cash receipts of $53.79 million
and total cash disbursements of $39.29 million.  As a result, at
the end of the period, the Debtor had total cash of
$53.46 million.

A full-text copy of the monthly operating report is available at:

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

                       About Liberty Medical

Entities that own diabetics supply provider Liberty Medical led by
ATLS Acquisition, LLC, sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 13-10262) on Feb. 15, 2013, just less than
three months after a management buy-out and amid a notice by the
lender who financed the transaction that it's exercising an option
to acquire the business.

Liberty has been in business for 22 years serving the needs of
both type 1 and type 2 diabetic patients.  Liberty is a mail order
provider of diabetes testing supplies. In addition to diabetes
testing supplies, the Debtors also sell insulin pumps and insulin
pump supplies, ostomy, catheter and CPAP supplies and operate a
large mail order pharmacy.  Liberty operates in seven different
locations and has 1,684 employees.

The Debtors have tapped Greenberg Traurig, LLP as counsel; Ernst &
Young LLP to provide investment banking advice; and Epiq
Bankruptcy Solutions, LLC, as claims and noticing agent for the
Clerk of the Bankruptcy Court.


LIBERTY MEDICAL: Ends April with $27.43 Million Cash
----------------------------------------------------
ATLS Acquisition, LLC, on June 13, 2013, filed its monthly
operating report for the month ended April 30, 2013.

At the beginning of April, the Debtor had $53.46 million in cash.
ATLS Acquisition had total cash receipts of $33.99 million and
total cash disbursements of $60.02 million.  As a result, at the
end of April, the Debtor had total cash of $27.43 million.

A full-text copy of the monthly operating report is available at:

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

                       About Liberty Medical

Entities that own diabetics supply provider Liberty Medical led by
ATLS Acquisition, LLC, sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 13-10262) on Feb. 15, 2013, just less than
three months after a management buy-out and amid a notice by the
lender who financed the transaction that it's exercising an option
to acquire the business.

Liberty has been in business for 22 years serving the needs of
both type 1 and type 2 diabetic patients.  Liberty is a mail order
provider of diabetes testing supplies. In addition to diabetes
testing supplies, the Debtors also sell insulin pumps and insulin
pump supplies, ostomy, catheter and CPAP supplies and operate a
large mail order pharmacy.  Liberty operates in seven different
locations and has 1,684 employees.

The Debtors have tapped Greenberg Traurig, LLP as counsel; Ernst &
Young LLP to provide investment banking advice; and Epiq
Bankruptcy Solutions, LLC, as claims and noticing agent for the
Clerk of the Bankruptcy Court.


METRO FUEL: Records $108,576 Net Loss for April
-----------------------------------------------
Metro Fuel Oil Corp., et al., on May 20, 2013, filed its monthly
operating report for the month ended April 30, 2013.

The Debtor posted a net loss of $108,576 for the month ended
April 30, 2013.

As of April 30, 2013, the Debtor had total assets of
$18.29 million, total liabilities of $73.75 million, and total
stockholders' deficit of $55.46 million.

At the beginning of the month, Metro Fuel had a beginning book
cash balance of $18.56 million.  The Debtor had cash receipts of
$633,397 and cash disbursements of $1.42 million.  As a result, at
the end of April, Metro Fuel had an ending book cash balance of
$17.77 million.

A full-text copy of the monthly operating report is available at:

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

                          About Metro Fuel

Metro Fuel Oil Corp., is a family-owned energy company, founded in
1942, that supplies and delivers bioheat, biodiesel, heating oil,
central air conditioning units, ultra low sulfur diesel fuel,
natural gas and gasoline throughout the New York City metropolitan
area and Long Island.  Owned by the Pullo family, Metro has 55
delivery trucks and a 10 million-gallon fuel terminal in Brooklyn.

Financial problems resulted in part from cost overruns in building
an almost-complete biodiesel plant with capacity of producing 110
million gallons a year.

Based in Brooklyn, New York, Metro Fuel Oil Corp., fka Newtown
Realty Associates, Inc., and several of its affiliates filed for
Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Lead Case No.
12-46913) on Sept. 27, 2012.  Judge Elizabeth S. Stong presides
over the case.  Nicole Greenblatt, Esq., at Kirkland & Ellis LLP,
represents the Debtor.  The Debtor selected Epiq Bankruptcy
Solutions LLC as notice and claims agent.  Th Debtor tapped Carl
Marks Advisory Group LLC as financial advisor and investment
banker, Curtis, Mallet-Prevost, Colt & Mosle LLP as co-counsel, AP
Services, LLC as crisis managers for the Debtors, and appoint
David Johnston as their chief restructuring officer.

The petition showed assets of $65.1 million and debt totaling
$79.3 million.  Liabilities include $58.8 million in secured debt,
with $48.3 million owing to banks and $10.5 million on secured
industrial development bonds.  Metro Terminals Corp., affiliate of
Metro Fuel Oil Corp., disclosed $38,613,483 in assets and
$71,374,410 in liabilities as of the Chapter 11 filing.

The U.S. Trustee appointed seven-member creditors committee.
Kelley Drye & Warren LLP represents the Committee.  The Committee
tapped FTI Consulting, Inc. as its financial advisor.

On Feb. 15, 2015, the Bankruptcy Court entered an order approving
the sale of substantially all of the assets of the Debtors to
United Refining Energy Corp., and its assignees and designees for
the Base Purchase Price of $27,000,000, as adjusted prior to the
Closing, and as further adjusted by the payments contemplated by
Section 2.7(d) of the APA.


NEOGENIX ONCOLOGY: Lists $43,970 Disbursements in April
-------------------------------------------------------
Neogenix Oncology, Inc., on May 22, 2013, filed its monthly
operating report for the month ended April 30, 2013.

The Debtor had zero total income and $43,970 net loss for April.

Neogenix reported total cash disbursements of $43,970 for April.

A full-text copy of the monthly operating report is available at:

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

                      About Neogenix Oncology

Neogenix Oncology Inc. in Rockville, Maryland, filed a Chapter 11
petition (Bankr. D. Md. Case No. 12-23557) on July 23, 2012, in
Greenbelt with a deal to sell the assets to Precision Biologics
Inc., absent higher and better offers.

Founded in December 2003, Neogenix is a clinical stage, pre-
revenue generating, biotechnology company focused on developing
therapeutic and diagnostic products for the early detection and
treatment of cancer.  Neogenix, which has 10 employees, says it
its approach and portfolio of three unique monoclonal antibody
therapeutics -- mAb -- hold the potential for novel and targeted
therapeutics and diagnostics for the treatment of a broad range of
tumor malignancies.

Thomas J. McKee, Jr., Esq., at Greenberg Traurig, LLP, in McLean,
Virginia, serves as counsel.  Kurtzman Carson Consultants LLC is
the claims and notice agent.

The Debtor estimated assets of $10 million to $50 million and
debts of $1 million to $10 million.

W. Clarkson McDow, Jr., U.S. Trustee for Region 4, appointed seven
members to the committee of equity security holders.

Sands Anderson PC represents the Official Committee of Equity
Security Holders.  The Committee tapped FTI Consulting, Inc., as
its financial advisor.


PATRIOT COAL: Posts $33 Million Net Loss in May
-----------------------------------------------
Patriot Coal Corporation and its debtor affiliates filed with the
U.S. Securities and Exchange Commission their monthly operating
report for May 2013.

The Debtors incurred a net loss of $32.99 million on $153.11
million of total revenues for the month.  Net operating loss in
May was $18.3 million.  As of May 31, 2013, the Debtors had $3.67
billion in total assets, $4.04 billion in total liabilities and a
$373.26 million stockholders' deficit.

For the month of May, Patriot Coal had $184.22 million of total
cash receipts and $37.60 million of cash disbursements.  The
Company spent $8.35 million for professional fees.

Bloomberg News points out that Patriot ended the month with cash
of $206.7 million, up more than $20 million from the month
before.

A copy of the monthly operating report is available at:

                       http://is.gd/a2fXQN

                       About Patriot Coal

St. Louis-based Patriot Coal Corporation (NYSE: PCX) is a producer
and marketer of coal in the eastern United States, with 13 active
mining complexes in Appalachia and the Illinois Basin.  The
Company ships to domestic and international electricity
generators, industrial users and metallurgical coal customers, and
controls roughly 1.9 billion tons of proven and probable coal
reserves.

Patriot Coal and nearly 100 affiliates filed voluntary Chapter 11
petitions in U.S. bankruptcy court in Manhattan (Bankr. S.D.N.Y.
Lead Case No. 12-12900) on July 9, 2012.  Patriot said it had
$3.57 billion of assets and $3.07 billion of debts, and has
arranged $802 million of financing to continue operations during
the reorganization.

Davis Polk & Wardwell LLP is serving as legal advisor, Blackstone
Advisory Partners LP is serving as financial advisor, and AP
Services, LLC is providing interim management services to Patriot
in connection with the reorganization.  Ted Stenger, a Managing
Director at AlixPartners LLP, the parent company of AP Services,
has been named Chief Restructuring Officer of Patriot, reporting
to the Chairman and CEO.  GCG, Inc. serves as claims and noticing
agent.

The U.S. Trustee appointed a seven-member creditors committee.
Kramer Levin Naftalis & Frankel LLP serves as its counsel.
HoulihanLokey Capital, Inc., serves as its financial advisor and
investment banker.  Epiq Bankruptcy Solutions, LLC, serves as its
information agent.

On Nov. 27, 2012, the New York bankruptcy judge moved Patriot's
bankruptcy case to St. Louis.  The order formally sending the
reorganization to Missouri was signed December 19 by the
bankruptcy judge.  The New York Judge in a Jan. 23, 2013 order
denied motions to transfer the venue to the U.S. Bankruptcy Court
for the Southern District of West Virginia.


PMI GROUP: Incurs $915,600 Net Loss in May
------------------------------------------
The PMI Group, Inc., filed with the Securities and Exchange
Commission its monthly operating report for May 2013.

The Company incurred a net loss of $915,660 on zero revenue for
the month.  As of May 31, 2013, the Company had $212.84 million in
total assets, $753.78 million in total liabilities and a $540.93
million total deficit.

The Company had $195.37 million cash at the beginning of the
month.  The Company had $14,095 of total receipts and $640,829 of
total disbursements of the month.  At the end of the month, the
Company had $194.74 million cash.

A copy of the monthly operating report is available at:

                       http://is.gd/eVhlzK

                        About The PMI Group

The PMI Group, Inc., is an insurance holding company whose stock
had, until Oct. 21, 2011, been publicly-traded on the New York
Stock Exchange.  Through its principal regulated subsidiary, PMI
Mortgage Insurance Co., and its affiliated companies, the Debtor
provides residential mortgage insurance in the United States.

The PMI Group filed for Chapter 11 bankruptcy (Bankr. D. Del. Case
No. 11-13730) on Nov. 23, 2011.  In its schedules, the Debtor
disclosed $167,963,354 in assets and $770,362,195 in liabilities.
Stephen Smith signed the petition as chairman, chief executive
officer, president and chief operating officer.

The Debtor said in the filing that it does not have the financial
resources to pay the outstanding principal amount of the 4.50%
Convertible Senior Notes, 6.000% Senior Notes and the 6.625%
Senior Notes if those amounts were to become due and payable.

The Debtor is represented by James L. Patton, Esq., Pauline K.
Morgan, Esq., Kara Hammond Coyle, Esq., and Joseph M. Barry, Esq.,
at Young Conaway Stargatt & Taylor LLP.

The Official Committee of Unsecured Creditors appointed in the
case retained Morrison & Foerster LLP and Womble Carlyle Sandridge
& Rice, LLP, as bankruptcy co-counsel.  Peter J. Solomon Company
serves as the Committee's financial advisor.

The Plan provides that, generally, each holder of an allowed
secured claim will be paid in full in cash.  The Debtor did not
schedule any claims as secured claims, but notes that
approximately $129,000 in fixed amount has been asserted on an
aggregate basis in proofs of claim filed against it, all subject
to review and possible objection.



                            *********

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., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Howard C. Tolentino, Carmel Paderog, Meriam Fernandez,
Ronald C. Sy, Joel Anthony G. Lopez, Cecil R. Villacampa, Sheryl
Joy P. Olano, Ivy B. Magdadaro, Carlo Fernandez, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

Copyright 2013.  All rights reserved.  ISSN: 1520-9474.

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

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-241-8200.


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