/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/140208.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, February 8, 2014, Vol. 18, No. 38 Headlines AFA INVESTMENTS: Incurs $1.23 Million Net Loss at Dec. 31 AGFEED INDUSTRIES: Reports $2.34 Million Net Loss in December ALLENS INC: Ends December with $5.46 Million Net Loss CENGAGE LEARNING: December Receipts Total $105.37 Million CENTENNIAL BEVERAGE: Ends December with $319,753 Net Loss CHRISTIAN BROTHERS: Ends October with $176,381 Net Loss CHRISTIAN BROTHERS: Net Loss Increases to $241,155 in November CHRISTIAN BROTHERS: Incurs $255,021 Net Loss in December CONSTAR INT'L: Reports $1.54MM December Net Loss in US Operations DIOCESE OF GALLUP: Posts $74K Net Income in December ECOTALITY INC: ETEC's Net Loss Down to $38,298 in December EWGS INTERMEDIARY: Files December Monthly Operating Report EXIDE TECHNOLOGIES: Incurs $5.84-Mil. Net Loss in December FLAT OUT: Reports $12,715 Net Loss at November 27 FOX & HOUND: Reports $982,000 Net Income in December GMX RESOURCES: Subsidiaries File Operating Reports in December INVESTORS CAPITAL: Incurs $32,624 Net Loss in November INVESTORS CAPITAL: Ends December with $36,433 Net Loss KIDSPEACE CORP: Ends December with $2.81 Million Net Profit LIFE CARE: Incurs $388,436 Net Loss in November LOS GATOS HOTEL: Incurs $19,964 Net Loss in December METRO FUEL: December Net Loss Further Drops to $144,058 MUNDY RANCH: Reports $56,023 Net Loss in December NATIONAL ENVELOP: Cash Further Decreases to $618,228 in December NEOGENIX ONCOLOGY: Incurs $48,626 Net Loss in September PEM THISTLE: Ends December with $343,100 Cash PITT PENN: Lists $17,932 Net Loss in August PITT PENN: September Net Loss Increases to $24,193 PITT PENN: Reports $10,155 Net Loss in October SPECIALTY PRODUCTS: Ends December with $17.33MM Cash Balance TRINITY COAL: Had $1.14 Million Cash Balance at Dec. 31 VERTIS HOLDINGS: December Net Loss Increases to $57.55 Million ********* AFA INVESTMENTS: Incurs $1.23 Million Net Loss at Dec. 31 --------------------------------------------------------- AFA Investment, Inc., and its affiliates filed, on Jan. 31, 2014, their monthly operating report for the period covering November 25 through December 31, 2013. The Debtors' consolidated statement of operations showed a net loss of $1.23 million on zero revenue for the reporting period. At Dec. 31, 2013, the Debtors reported $17.89 million in total assets, $159.52 million in total liabilities and a -($141.64 million) total shareholders' deficit. At Nov. 25, the Debtors had $14.44 million cash. They had total cash receipts of $16,503 and total cash disbursements of $343,978. They spent $327,302 on professional services and fees. Thus, at the end of the period, the Debtors had $14.11 million. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/AFAmor.pdf About AFA Foods King of Prussia, Pennsylvania-based AFA Foods Inc. was one of the largest processors of ground beef products in the United States. AFA had seven facilities capable of producing 800 million pound of ground beef annually. Revenue in 2011 was $958 million. Yucaipa Cos. acquired the business in 2008 and currently owns 92% of the common stock and all of the preferred stock. AFA Foods, AFA Investment Inc. and other affiliates filed for Chapter 11 protection (Bankr. D. Del. Lead Case No. 12-11127) on April 2, 2012, after recent changes in the market for its ground beef products and the impact of negative media coverage related to boneless lean beef trimmings (BLBT) affected sales. Judge Mary Walrath presides over the case. Laura Davis Jones, Esq., Timothy P. Cairns, Esq., and Peter J. Keane, Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington, Delaware; Tobias S. Keller, Esq., at Jones Day, in San Francisco; and Jeffrey B. Ellman, Esq., and Brett J. Berlin, Esq., at Jones Day, in Atlanta, Georgia, represent the Debtors. FTI Consulting Inc. serves as the Debtors' financial advisors and Imperial Capital LLC serves as marketing consultants. Kurtzman Carson Consultants LLC serves as noticing and claims agent. As of Feb. 29, 2012, the Debtors' books and records on a consolidated basis, reflected approximately $219 million in assets and $197 million in liabilities. AFA Foods, Inc., disclosed $615,859,574 in assets and $544,499,689 in liabilities as of the Petition Date. Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed seven members to the official committee of unsecured creditors in the Debtors' cases. The Committee has obtained approval to hire McDonald Hopkins LLC as lead counsel and Potter Anderson & Corroon LLP serves as co-counsel. The Committee also obtained approval to retain J.H. Cohn LLP as its financial advisor. AFA, in its Chapter 11 case, sold plants and paid off the first- lien lenders and the loan financing the Chapter 11 effort. Remaining assets are $14 million cash and the right to file lawsuits. General Electric Capital Corp. and Bank of America Corp. provided about $60 million in DIP financing. The loan was paid off in July 2012. In October 2012, the Bankruptcy Court denied a settlement that would have released Yucaipa Cos., the owner and junior lender to AFA Foods, from claims and lawsuits the creditors might otherwise bring, in exchange for cash to pay unsecured creditors' claims under a liquidating Chapter 11 plan. Under the deal, Yucaipa would receive $11.2 million from the $14 million, with the remainder earmarked for unsecured creditors. Asset recoveries above $14 million would be split with Yucaipa receiving 90% and creditors 10%. Proceeds from lawsuits would be divided roughly 50-50. AGFEED INDUSTRIES: Reports $2.34 Million Net Loss in December ------------------------------------------------------------- AgFeed USA, LLC, et al., on Feb. 3, 2014, filed their monthly operating report for the period from December 8 to 31, 2013. The Debtors' consolidated statement of income showed a net loss of $2.34 million with $7.39 million in net revenue. At December 31, Agfeed had $17.83 million in total assets, $7.11 million in total liabilities, and a $10.72 million total shareholders' equity. At December 8, the Debtors had $8.63 million cash. They reported $8.57 million in total cash receipts and $1.60 million in total cash disbursements. They spent $2.30 million in professional fees. Thus, at the end of the period, the Debtors had $13.29 million cash. AgFeed Industries, Inc., the parent company of AgFeed USA, LLC, also filed a monthly operating report for the same period. Its consolidated statement of operations showed a net loss of $4.87 million on $468,919 in revenue. At Dec. 31, 2013, it recorded $65.77 million in total assets, $29.07 million in total liabilities, and $36.70 in total shareholders' equity. The Debtor had a beginning cash balance of $46.41 million at the beginning of the month. It reported $1,257 in total receipts and $2.32 million in total disbursements. At month end, it had $44.10 million cash. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/Agfeed837mor.pdf About AgFeed Industries AgFeed Industries, Inc., has 21 farms and five feed mills in China producing more than 250,000 hogs annually. In the U.S., the business included 10 sow farms in three states and two feed mills producing more than one million hogs a year. AgFeed's revenue in 2012 was $244 million. AgFeed and its affiliates filed voluntary petitions under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 13-11761) on July 15, 2013, with a deal to sell most of its subsidiaries to The Maschhoffs, LLC, for cash proceeds of $79 million, absent higher and better offers. The Debtors estimated assets of at least $100 million and debts of at least $50 million. Keith A. Maib signed the petition as chief restructuring officer. Hon. Brendan Linehan Shannon presides over the case. Donald J. Bowman, Jr., and Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor, serve as the Debtors' counsel. BDA Advisors Inc. acts as the Debtors' financial advisor. The Debtors' claims and noticing agent is BMC Group, Inc. The U.S. Trustee has appointed a five-member official committee of unsecured creditors to the Chapter 11 cases. The Creditors' Committee tapped Lowenstein Sandler as lead bankruptcy counsel and Greenberg Traurig, LLP, as co-counsel. CohnReznick LLP serves as the Creditors' Committee's financial advisor. An official committee of equity security holders was also appointed to the Chapter 11 cases. The Equity Committee tapped Sugar Felsenthal Grais & Hammer LLP and Elliott Greenleaf as co-counsel. ALLENS INC: Ends December with $5.46 Million Net Loss ----------------------------------------------------- Allens, Inc., and its affiliate, on Jan. 22, 2014, filed its monthly operating report for the month ending December 31, 2013. The Debtors incurred a net loss of $5.46 million on $28.38 million gross sales. At Dec. 31, 2013, the Debtors recorded $279.79 million in total assets, $265.54 million in total liabilities and $14.26 million in total shareholders' equity. At Dec. 1, the Debtors had $2.62 million cash. The Debtors posted total receipts of $17.44 million and total disbursements of $17.95 million. Thus, at month end, the Debtor had $2.11 million cash. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/ALLENSINCdecmor.pdf About Allens Inc. Siloam Springs, Arkansas-based Allens, Inc., a maker of canned and frozen vegetables in business since 1926, filed for bankruptcy (Bankr. W.D. Ark. Case No. 13-73597) on Oct. 28, 2013, seeking to sell some divisions or reorganize as a new company. The Debtors' proposed counsel are Stan D. Smith, Esq., Lance R. Miller, Esq., and Chris A. McNulty, Esq., at Mitchell, Williams, Selig, Gates & Woodyard, P.L.L.C., in Little Rock, Arkansas; and Nancy A. Mitchell, Esq., Maria J. DiConza, Esq., and Matthew L. Hinker, Esq., at Greenberg Traurig, LLP, in New York. Jonathan Hickman of Alvarez & Marsal North America, LLC, serves as the Debtors' chief restructuring officer. Cary Daniel, Nick Campbell and Markus Lahrkamp of A&M serve as assistant CROs. Lazard Freres & Co. LLC and Lazard Middle Market LLC serve as investment bankers, while GA Keen Realty Advisors, LLC, serves as real estate advisor to the Debtors. The Official Committee of Unsecured Creditors has tapped Eichenbaum Liles P.A.'s Martha Jett McAlister, Esq.; and Cooley LLP's Cathy Hershcopf, Esq., Jeffrey L. Cohen, Esq., Seth Van Aalton, Esq., and Robert B. Winning, Esq., as counsel. CENGAGE LEARNING: December Receipts Total $105.37 Million --------------------------------------------------------- Cengage Learning, Inc., and its affiliates, on Jan. 29, 2013, filed their monthly operating report for December 2013. No balance sheet and consolidated statement of operations was attached to the operating report. For the month of December, they had total cash receipts of $105.37 million and total cash disbursements of $124.94 million. A copy of the monthly operating report is available at: http://bankrupt.com/misc/CENGAGELEARNINGdecmor.pdf About Cengage Learning Stamford, Connecticut-based Cengage Learning -- http://www.cengage.com/-- provides innovative teaching, learning and research solutions for the academic, professional and library markets worldwide. Cengage Learning's brands include Brooks/Cole, Course Technology, Delmar, Gale, Heinle, South Western and Wadsworth, among others. Apax Partners LLP bought Cengage in 2007 from Thomson Reuters Corp. in a $7.75 billion transaction. The acquisition was funded in part with $5.6 billion in new debt financing. Cengage Learning Inc. filed a petition for Chapter 11 reorganization (Bankr. E.D.N.Y. Case No. 13-bk-44106) on July 2, 2013, in Brooklyn, New York, after signing an agreement where holders of $2 billion in first-lien debt agree to support a reorganization plan. The plan will eliminate more than $4 billion of $5.8 billion in debt. First-lien lenders who signed the so-called plan-support agreement include funds affiliated with BlackRock Inc., Franklin Mutual Adviser LLC, KKR & Co. and Oaktree Capital Management LP. Second- lien creditors and holders of unsecured notes aren't part of the agreement. The Debtors have tapped Kirkland & Ellis LLP as counsel, Lazard Freres & CO. LLC as financial advisor, Alvarez & Marsal North America, LLC, as restructuring advisor, and Donlin, Recano & Company, Inc., as claims and notice agent. The Debtors filed a Joint Plan of Reorganization and Disclosure Statement dated Oct. 3, 2013, which provides that the Debtors took extreme care to advance and protect the interest of unsecured creditors -- including seeking to protect four primary sources of potential recoveries for unsecured creditors and providing them with appropriate time to conduct diligence, and discuss their conclusions on, among other things, the value of those sources of potential recoveries. CENTENNIAL BEVERAGE: Ends December with $319,753 Net Loss --------------------------------------------------------- Centennial Beverage Group, LLC, on Jan. 20, 2014, filed its monthly operating report for December 2013. The Debtor incurred a net loss of $319,753 on zero net revenue. At December 31, the Debtor reported $9.59 million in total assets, $29.31 million in total liabilities and a -($19.72 million) total shareholders' deficit. At the beginning of the month, the Debtor had $1.70 million cash. It had total cash receipts of $12,216 and total operating disbursements of $48,948. At the end of the month, Centennial had a cash balance of $1.66 million. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/Centennialmor.pdf About Centennial Beverage Centennial Beverage Group LLC, a chain of 23 liquor stores in Texas, filed a petition for Chapter 11 reorganization (Bankr. N.D. Tex. Case No. 12-37901) amid lower sales brought by competition from big-box retailers. The 75-year-old-company once had 70 stores throughout Texas. They are now concentrated in the Dallas-Fort Worth area. Sales for the year ended in November 2012 were $158 million. Year-over-year, revenue was down 50%, according to a court filing. In its schedules, the Debtor disclosed $24,053,049 in assets and $48,451,881 in liabilities as of the Petition Date. Robert Dew Albergotti, Esq., and Ian T. Peck, Esq., at Haynes and Boone, LLP, in Dallas, serve as counsel to the Debtor. M. Jack Martin, III, Esq., at Jack Martin & Associates, in Austin, Tex., serves as special counsel. RGS LLC serves as the Debtor's financial advisor. BYGH Tax Consulting is property tax consultant to the Debtor. The Official Committee of Unsecured Creditors has retained Munsch Hardt Kopf & Harr, P.C. as its attorneys, and Lain, Faulkner & Co., P.C. as financial advisors. CHRISTIAN BROTHERS: Ends October with $176,381 Net Loss ------------------------------------------------------- Christian Brothers Institute, on Nov. 22, 2013, filed its monthly operating report for October 2013. The Debtor reported a net loss of $176,381 on zero revenue for the month. At October 31, the Debtor had $17.27 million in total assets, $5.19 million in total liabilities, and a $12.01 million total shareholders' equity. At October 1, the Debtor had $15.22 million cash. The Debtor had total cash receipts of $822,640 and total cash disbursements of $1.16 million. Thus, the Debtor had $14.88 million cash at the end of the month. A copy of the monthly operating report is available at: http://bankrupt.com/misc/CHRISTIANBROTHERSoctmor.pdf About Christian Brothers' Institute The Christian Brothers' Institute in New Rochelle, New York, is a domestic not-for-profit 501(c)(3) corporation organized under Sec. 102(a)(5) of the New York Not-for-Profit Corporation Law. CBI was formed to establish, conduct and support Catholic elementary and secondary schools principally throughout New York State. The Christian Brothers of Ireland, Inc., in Chicago, Illinois, is a domestic not-for-profit 501(c)(3) corporation organized under the Not-for-Profit Corporation Law of the State of Illinois. CBOI was formed to establish, conduct and support Catholic elementary and secondary schools principally throughout the State of Illinois, as well as other spiritual and temporal affairs of the former Brother Rice Province of the Congregation of Christian Brothers. CBI and CBOI depend upon grants and donations to fund a portion of their operating expenses. The Christian Brothers' Institute and The Christian Brothers of Ireland filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case Nos. 11-22820 and 11-22821) on April 28, 2011. Scott S. Markowitz, Esq., at Tarter Krinsky & Drogin LLP, serves as the Debtors' bankruptcy counsel. The Christian Brothers' Institute disclosed assets of $63,418,267 and $8,484,853 in liabilities. CBOI discloses assets of $1,091,084 and liabilities of $3,622,500. Attorneys at Pachulski Stang Ziehl & Jones LLP, in Los Angeles, Calif., and New York, N.Y., represent the Official Committee of Unsecured Creditors as counsel. Paul A. Richler, Esq., of Pacific Palisades, Calif., serves as Special Insurance Counsel to the Official Committee of Unsecured Creditors. The Christian Brothers' Institute and The Christian Brothers of Ireland, Inc., and the Official Committee of Unsecured Creditors have a plan made possible following an "allocation plan" negotiated with 75% of sexual abuse claimants. The Joint Chapter 11 Plan of Reorganization dated Aug. 22, 2013, has the Debtors and the Official Committee of Unsecured Creditors as co-proponents. CHRISTIAN BROTHERS: Net Loss Increases to $241,155 in November -------------------------------------------------------------- Christian Brothers Institute, on Dec. 17, 2013, filed its monthly operating report for November 2013. The Debtor reported a $241,155 net loss on zero revenue for the month, an increase from the previous month's net loss of $176,381. At November 30, the Debtor had $17.38 million in total assets, $5.54 million in total liabilities, and a $11.83 million total shareholders' equity. At the beginning of the month, the they had $14.88 million cash with $535,381 in total cash receipts and cash disbursements of $526,652. Thus, at the end of the month, the Debtor had $14.89 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/CHRISTIANBROTHERSnovmor.pdf About Christian Brothers' Institute The Christian Brothers' Institute in New Rochelle, New York, is a domestic not-for-profit 501(c)(3) corporation organized under Sec. 102(a)(5) of the New York Not-for-Profit Corporation Law. CBI was formed to establish, conduct and support Catholic elementary and secondary schools principally throughout New York State. The Christian Brothers of Ireland, Inc., in Chicago, Illinois, is a domestic not-for-profit 501(c)(3) corporation organized under the Not-for-Profit Corporation Law of the State of Illinois. CBOI was formed to establish, conduct and support Catholic elementary and secondary schools principally throughout the State of Illinois, as well as other spiritual and temporal affairs of the former Brother Rice Province of the Congregation of Christian Brothers. CBI and CBOI depend upon grants and donations to fund a portion of their operating expenses. The Christian Brothers' Institute and The Christian Brothers of Ireland filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case Nos. 11-22820 and 11-22821) on April 28, 2011. Scott S. Markowitz, Esq., at Tarter Krinsky & Drogin LLP, serves as the Debtors' bankruptcy counsel. The Christian Brothers' Institute disclosed assets of $63,418,267 and $8,484,853 in liabilities. CBOI discloses assets of $1,091,084 and liabilities of $3,622,500. Attorneys at Pachulski Stang Ziehl & Jones LLP, in Los Angeles, Calif., and New York, N.Y., represent the Official Committee of Unsecured Creditors as counsel. Paul A. Richler, Esq., of Pacific Palisades, Calif., serves as Special Insurance Counsel to the Official Committee of Unsecured Creditors. The Christian Brothers' Institute and The Christian Brothers of Ireland, Inc., and the Official Committee of Unsecured Creditors have a plan made possible following an "allocation plan" negotiated with 75% of sexual abuse claimants. The Joint Chapter 11 Plan of Reorganization dated Aug. 22, 2013, has the Debtors and the Official Committee of Unsecured Creditors as co-proponents. CHRISTIAN BROTHERS: Incurs $255,021 Net Loss in December -------------------------------------------------------- Christian Brothers' Institute, on Jan. 18, 2014, filed its monthly operating report for December 2013. The Debtor reported a $255,021 net loss on zero revenue in December, an increase from the net loss of $241,155 in November and $176,381 in October. At December 31, the Debtor reported $17.09 million in total assets, $5.51 million in total liabilities, and a $11.58 million total shareholders' equity. At December 1, the Christian Brothers had $14.89 million cash. They reported total cash receipts of $482,461 and total cash disbursements of $833,263. $286,400 was spent in professional fees. Thus, at month end, the Debtor had $14.54 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/CHRISTIANBROTHERSdecmor.pdf About Christian Brothers' Institute The Christian Brothers' Institute in New Rochelle, New York, is a domestic not-for-profit 501(c)(3) corporation organized under Sec. 102(a)(5) of the New York Not-for-Profit Corporation Law. CBI was formed to establish, conduct and support Catholic elementary and secondary schools principally throughout New York State. The Christian Brothers of Ireland, Inc., in Chicago, Illinois, is a domestic not-for-profit 501(c)(3) corporation organized under the Not-for-Profit Corporation Law of the State of Illinois. CBOI was formed to establish, conduct and support Catholic elementary and secondary schools principally throughout the State of Illinois, as well as other spiritual and temporal affairs of the former Brother Rice Province of the Congregation of Christian Brothers. CBI and CBOI depend upon grants and donations to fund a portion of their operating expenses. The Christian Brothers' Institute and The Christian Brothers of Ireland filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case Nos. 11-22820 and 11-22821) on April 28, 2011. Scott S. Markowitz, Esq., at Tarter Krinsky & Drogin LLP, serves as the Debtors' bankruptcy counsel. The Christian Brothers' Institute disclosed assets of $63,418,267 and $8,484,853 in liabilities. CBOI discloses assets of $1,091,084 and liabilities of $3,622,500. Attorneys at Pachulski Stang Ziehl & Jones LLP, in Los Angeles, Calif., and New York, N.Y., represent the Official Committee of Unsecured Creditors as counsel. Paul A. Richler, Esq., of Pacific Palisades, Calif., serves as Special Insurance Counsel to the Official Committee of Unsecured Creditors. The Christian Brothers' Institute and The Christian Brothers of Ireland, Inc., and the Official Committee of Unsecured Creditors have a plan made possible following an "allocation plan" negotiated with 75% of sexual abuse claimants. The Joint Chapter 11 Plan of Reorganization dated Aug. 22, 2013, has the Debtors and the Official Committee of Unsecured Creditors as co-proponents. CONSTAR INT'L: Reports $1.54MM December Net Loss in US Operations ----------------------------------------------------------------- Constar International Holdings, LLC, et al., on Jan. 31, 2014, filed a monthly operating report for December 2013. The Debtors reported a net loss of $1.54 million from its U.S. Operations, and a net loss of $42,000 from its U.K. subsidiary. At Dec. 31, 2013, the Debtor's U.S. Operations recorded $124.26 million in total assets, $195.57 in total liabilities, and a -($71.31 million) total shareholders' deficit. On the other hand, its U.K. Operations, had $47.20 million in total assets, $48.01 million in total liabilities, and a -($816,000) total shareholders' deficit. For its U.S. Operations, the Debtor reported a beginning cash balance of $2.14 million. The Debtor reported zero receipts and disbursements of $1.58 million, arising out of operating, investing, and financing activities. At month end, the Debtor had $557,000 cash. For its U.K. Operations, the Debtor started out with $17,000 at the beginning of the month. It reported cash receipts of $3.85 million and cash disbursements of $259,000 arising from operating and financing activities. At Dec. 31, the Debtor's U.K. Operations had $3.65 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/CONSTARINTERNATIONALdecmor.pdf About Constar International Privately held Constar International Holdings and nine affiliated debtors filed for Chapter 11 protection (Bankr. D. Del. Lead Case No. 13-13281) on Dec. 19, 2013. Constar, which manufactures plastic containers, is represented by Michael J. Sage, Esq., Brian E. Greer, Esq., Stephen M. Wolpert, Esq., and Janet Bollinger Doherty, Esq., at Dechert LLP; and Robert S. Brady, Esq., and Sean T. Greecher, Esq., at Young Conaway Stargatt & Taylor, LLP. Prime Clerk LLC serves as the Debtors' claims and noticing agent, and administrative advisor. Lincoln Partners Advisors LLC serves as the Debtors' financial advisor. Judge Christopher S. Sontchi oversees the 2013 case. This is Constar International's third bankruptcy. Constar first filed for Chapter 11 protection (Bankr. D. Del. Lead Case No. 08-13432) in December 2008, with a pre-negotiated Chapter 11 Plan and emerged from bankruptcy in May 2009. Constar and its affiliates returned to Chapter 11 protection (Bankr. D. Del. Case No. 11-10109) on Jan. 11, 2011, with a pre-negotiated Chapter 11 plan and emerged from bankruptcy in June 2011. The new petition listed assets worth less than $100 million against $123 million on three layers of secured debt. Attorneys at Brown Rudnick LLP represent the official committee of unsecured creditors. Counsel to Wells Fargo Capital Finance, LLC, the revolving loan agent, is Andrew M. Kramer, Esq., at Otterbourg P.C. DIOCESE OF GALLUP: Posts $74K Net Income in December ---------------------------------------------------- The Diocese of Gallup reported a net income of $74,269 for the period from December 1 to 31, 2013. As of December 31, 2013, the archdiocese had total assets of $1,494,837 and total liabilities of $649,072. A full-text copy of the monthly operating report is available for free at: http://bankrupt.com/misc/Church_gallupmordec2013.pdf About the Diocese of Gallup, NM The Diocese of Gallup, New Mexico, principally encompasses American Indian reservations for seven tribes in northwestern New Mexico and northeastern Arizona. It is the poorest diocese in the U.S. There are 38 active priests working in the Diocese and 27 permanent deacons also serve the Diocese along with five seminarians. The Diocese and its missions, schools and ministries employ approximately 50 people, and a significant number of additional people offer their services as volunteers. The diocese sought bankruptcy protection under Chapter 11 of the Bankruptcy Code (Bankr. D. N.M. Case No. 13-bk-13676) on Nov. 12, 2013, in Albuquerque, New Mexico amid suits for sexual abuse committed by priests. The bishop previously said bankruptcy will be "the most merciful and equitable way for the diocese to address its responsibility." The abuse mostly occurred in the 1950s and early 1960s, the bishop said. The petition shows assets and debt both less than $1 million. The Diocese of Gallup is the ninth Catholic diocese to seek protection in Chapter 11 bankruptcy. (Catholic Church Bankruptcy News; Bankruptcy Creditors' Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000) ECOTALITY INC: ETEC's Net Loss Down to $38,298 in December ---------------------------------------------------------- Electronic Transportation Engineering Corporation, lead debtor in the Chapter 11 cases of Ecotality, Inc., et al., filed on Jan. 22 its monthly operating report for December 2013. ETEC incurred a net loss of $38,298 on zero revenue for the month, a decrease from the previous month's net loss of $72,696. At Dec. 31, the Debtor had $5.26 million in total assets, $96.89 million in total liabilities, and a total shareholders' deficit of -($91.63 million). At the beginning of the month, the Debtor had $826,884 cash. The Debtor posted $58,614 in total receipts and $8,389 in total disbursements. Thus, at Dec. 31, the Debtor had $877,109 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/ECOTALITYINCdecmor.pdf About Ecotality Inc. Headquartered in San Francisco, California, Ecotality, Inc. (Nasdaq: ECTY) -- http://www.ecotality.com-- is a provider of electric transportation and storage technologies. Ecotality Inc. along with affiliates including lead debtor Electric Transportation Engineering Corp. sought Chapter 11 protection (Bankr. D. Ariz. Lead Case No. 13-16126) on Sept. 16, 2013, with plans to sell the business at an auction. The cases are assigned to Chief Judge Randolph J. Haines. The Debtors' lead counsel are Charles R. Gibbs, Esq., at Akin Gump Strauss Hauer & Feld LLP, in Dallas, Texas; and David P. Simonds, Esq., and Arun Kurichety, Esq., at Akin Gump Strauss Hauer & Feld LLP, in Los Angeles, California. The Debtors' local counsel is Jared G. Parker, Esq., at Parker Schwartz, PLLC, in Phoenix, Arizona. FTI Consulting, Inc. serves as the Debtors' crisis manager and financial advisor. The Debtors' claims and noticing agent is Kurtzman Carson Consultants LLC. Electric Transportation estimated assets of $10 million to $50 million and debt of $100 million to $500 million. Unlike most companies in bankruptcy, Ecotality has no secured debt. It simply ran out of money. There's $5 million owing on convertible notes, plus liability on leases. Part of pre-bankruptcy financing took the form of a $100 million cost-sharing grant from the U.S. Energy Department. In view of the San Francisco-based company's financial problems, the government cut off the grant when $84.8 million had been drawn. On Sept. 24, 2013, the Office of the United States Trustee for Region 14 appointed a committee of unsecured creditors. In October 2013, the bankruptcy judge cleared Ecotality to sell most of the business to Car Charging Group Inc. for $3.3 million. Two other buyers purchased other assets for $1 million in total. EWGS INTERMEDIARY: Files December Monthly Operating Report ---------------------------------------------------------- EWGS Intermediary, et al., on Jan. 27,2014, filed their monthly operating report for December 2013, a copy of which is available at http://bankrupt.com/misc/EWGSINTERMEDIARYdecmor.pdf While the Debtors filed a monthly operating report, the attached financial statements do not reflect any values. About EWGS Intermediary EWGS Intermediary and Edwin Watts Golf Shops, which operate as an integrated, multi-channel retailer, offering brand name golf equipment, apparel and accessories, filed for Chapter 11 protection on Nov. 4, 2013 (Bankr. D. Del. Lead Case No. 13-12876). They are represented by Domenic E. Pacitti, Esq., and Michael W. Yurkewicz, Esq., at Klehr Harrison Harvey Branzburg LLP, in Wilmington, Delaware. The Debtors tapped Bayshore Partners LLC as their investment banker, FTI Consulting, LLC, as their financial advisors, and Epiq Bankruptcy Solutions, LLC, as claims and noticing agent. The Company indicates total assets greater than $100 million on its Chapter 11 petition. As reported in the Troubled Company Reporter on Nov. 26, 2013, Edwin Watts Golf Shops LLC, which sells golf equipment and clothing online and through 90 U.S. retail stores, won court approval of procedures for a bankruptcy sale process without having a lead bidder under contract. PNC Bank, National Association, the DIP Agent, is represented by Regina Stango Kelbon, Esq., at Blank Rome LLP, in Wilmington, Delaware. EXIDE TECHNOLOGIES: Incurs $5.84-Mil. Net Loss in December ---------------------------------------------------------- Exide Technologies, Inc., on Jan. 30, 2014, filed its monthly operating report for December 2013. The Debtor's statement of operations showed a net loss of $5.84 million with $83.40 million in net sales, a decrease from the previous month's net loss of $16.73 million. At Dec. 31, the Debtor reported $1.22 billion in total assets, $1.14 million in total liabilities, and $85.47 million in total shareholders' equity. The Debtor had a beginning cash balance of $10.68 million for the month. It reported total receipts of $92.25 million and total disbursements of $91.67 million. It paid $6.74 million in professional fees and expenses. As a result, at month end, the Debtor had $11.26 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/EXIDETECHNOLOGIESdecmor.pdf About Exide Technologies Headquartered in Princeton, New Jersey, Exide Technologies (NASDAQ: XIDE) -- http://www.exide.com/-- manufactures and distributes lead acid batteries and other related electrical energy storage products. Exide first sought Chapter 11 protection (Bankr. Del. Case No. 02-11125) on April 14, 2002 and exited bankruptcy two years after. Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland & Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl & Jones LLP represented the Debtors in their successful restructuring. Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No. 13-11482) on June 10, 2013. For the new case, Exide has tapped Anthony W. Clark, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, and Pachulski Stang Ziehl & Jones LLP as counsel; Alvarez & Marsal as financial advisor; Sitrick and Company Inc. as public relations consultant and GCG as claims agent. The Debtor disclosed $1.89 billion in assets and $1.14 billion in liabilities as of March 31, 2013. Exide's international operations were not included in the filing and will continue their business operations without supervision from the U.S. courts. The Official Committee of Unsecured Creditors is represented by Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as co counsel. Zolfo Cooper, LLC serves as its bankruptcy consultants and financial advisors. FLAT OUT: Reports $12,715 Net Loss at November 27 ------------------------------------------------- Flat Out Crazy, LLC, on Dec. 31, 2013, filed its monthly operating report for the period from October 31 to November 27, 2013. The Debtor's statement of operations showed a net loss of 12,715 on zero revenue. At Nov. 27, 2013, Flat Out had $739,997 in total assets, $332,836 in total liabilities and a $407,161 total shareholders' equity. At the beginning of the period, the Debtor had $327,529 in cash. It reported zero cash receipts and total cash disbursements of $37,715. At November 27, the Debtor had $289,814 cash. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/Flatoutmor.pdf About Flat Out Crazy Flat Out Crazy LLC and its affiliates operate two Asian-inspired restaurant chains that began in Chicago. Flat Top Grill, which currently has 15 locations, is a full-service fast-casual create- your-own stir-fry concept. Stir Crazy Fresh Asian Grill, which has 11 locations, is a full-service casual Asian restaurant offering the flavors of Chinese, Japanese, Thai and Vietnamese food. The Debtors have 1,200 employees. Flat Out Crazy and 13 affiliates sought Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 13-22094) in White Plains, New York on Jan. 25, 2013. The Debtors have tapped Squire Sanders (US) LLP as counsel; Kurtzman Carson Consultants, LLC, as claims, noticing and administrative agent; William H. Henrich and Mark Samson from Getzler Henrich as their co-chief restructuring officers; and J.H. Chapman Group, L.L.C, as their investment bankers. The Debtor disclosed $24,339,542 in assets and $15,899,166 in liabilities as of the Chapter 11 filing. An official committee of unsecured creditors has been appointed in the Debtors' cases. The Committee tapped to retain Kelley Drye & Warren LLP as its counsel and CBIZ Accounting, Tax and Advisory of New York, LLC as financial advisor. Tracy Hope Davis, the U.S. Trustee for Region 2, appointed Alan Chapell, as the consumer privacy ombudsman in the Debtors' cases. FOX & HOUND: Reports $982,000 Net Income in December ---------------------------------------------------- F&H Acquisition Corp., et al., on Jan. 29, 2014, filed their monthly operating report for the period from December 15 to 31, 2013. The Debtors' consolidated statement of operations showed a net income of $982,000 on net sales of $13.05 million. At the end of the month, the Debtors reported $180.87 million in total assets, $174.77 million in total liabilities, and a $6.10 million total shareholders' equity. The Debtors had total cash receipts of $16.21 million and total cash disbursements of $12.80 million. A copy of the monthly operating report is available at: http://bankrupt.com/misc/F&HACQUISITIONdecmor.pdf About Fox and Hound Wichita, Kansas-based F & H Acquisition Corp., et al., owners of the Fox & Hound, Champps, and Bailey's Sports Grille casual dining restaurants, filed a Chapter 11 petition (Bankr. D. Del. Lead Case No. 13-13220) on Dec. 16, 2013, to quickly sell their assets. As of the bankruptcy filing, the Debtors have 101 restaurants located in 27 states and 6,000 employees. Sales decreased by approximately 9 percent over the past two years. The Debtors also experienced significant inflation in commodity prices, energy prices and labor costs. F&H estimated assets in excess of $100 million. According to a court filing, outstanding debt obligations total $119 million, including $68.4 million owing on a first-lien loan with General Electric Capital Corp. as agent. The $11.2 million second-lien obligation has Cerberus Business Finance LLC as agent. Unsecured trade suppliers and landlords are owed $11.2 million. The senior lenders are to provide $9.6 million in financing for the bankruptcy, with $3.5 million on an interim basis. The parent holding company, F&H Acquisition Corp., is based in Wichita, Kansas. The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as local counsel, Olshan Frome Wolosky LLP as general counsel, Imperial Capital LLC as financial advisor, and Epiq Bankruptcy Solutions as claims and noticing agent. GMX RESOURCES: Subsidiaries File Operating Reports in December -------------------------------------------------------------- Diamond Blue Drilling Company, a subsidiary of GMX Resources, Inc., on Jan. 24, 2014, filed with the U.S. Securities and Exchange Commission its monthly operating report for December 2013. Diamond Blue did not have any profit for the month. At Dec. 31, 2013, Diamond Blue posted $11.91 million in total assets, $1,030 in total liabilities, and $11.91 million in total shareholders' equity. For the month of December, Diamond Blue had a cash balance of $10,613. Diamond Blue reported no cash receipt and cash disbursement for the month. A copy of Diamond Blue's monthly operating report is available at the SEC at http://is.gd/v5vnmY Endeavor Pipeline, Inc., a subsidiary of GMX Resources, Inc., on Jan. 24, 2014, also filed with the U.S. Securities and Exchange Commission its monthly operating report for December 2013. Endeavor Pipeline's statement of operations showed a net loss of $153,123 on $76,841 total revenue. At Dec. 31, 2013, Endeavor Pipeline recorded $12.15 million in total assets, $31.14 million in total liabilities, and a -($18.98 million) total shareholders' deficit. At the beginning of the month, Endeavor Pipeline had a cash balance of $1.85 million. Endeavor Pipeline reported total cash receipts of $4.47 million and total cash disbursements of $3.98 million. At month end, Endeavor Pipeline had $2.33 million cash. A copy of Endeavor Pipeline's monthly operating report is available at the SEC at http://is.gd/uNMOJO About GMX Resources GMX Resources Inc. -- http://www.gmxresources.com/-- is an independent natural gas production company headquartered in Oklahoma City, Oklahoma. GMXR has 53 producing wells in Texas & Louisiana, 24 proved developed non-producing reservoirs, 48 proved undeveloped locations and several hundred other development locations. GMXR has 9,000 net acres on the Sabine Uplift of East Texas. GMXR has 7 producing wells in New Mexico. GMX filed a Chapter 11 petition in its hometown (Bankr. W.D. Okla. Case No. 13-11456) on April 1, 2013, so secured lenders can buy the business in exchange for $324.3 million in first-lien notes. GMX listed assets for $281.1 million and liabilities totaling $458.5 million. GMX missed a payment due in March 2013 on $51.5 million in second- lien notes. Other principal liabilities include $48.3 million in unsecured convertible senior notes. The DIP financing provided by senior noteholders requires court approval of a sale within 75 days following approval of sale procedures. The lenders and principal senior noteholders include Chatham Asset Management LLC, GSO Capital Partners, Omega Advisors Inc. and Whitebox Advisors LLC. David Zdunkewicz, Esq., Timothy A. Davidson II, Esq., and Joseph Rovira, Esq., at ANDREWS KURTH LLP, serves as the Debtors' counsel. Special Local Counsel, Conflicts Counsel and Litigation Counsel for the Debtors are William H. Hoch, Esq., and Christopher M. Staine, Esq., at CROWE & DUNLEVY, P.C. Counsel to Backstop Lenders under DIP Financing and Steering Committee of Holders of Senior Secured Notes are Brian Hermann, Esq., and Sarah Harnett, Esq., at PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP. Counsel to the Unsecured Creditors Committee is Jason Brookner, Esq., at GRAY REED & MCGRAW P.C. Gray Reed replaced Winston & Strawn LLP, effective as of April 25, 2013. The Committee tapped Conway MacKenzie, Inc., as financial advisor. GMX obtained confirmation of its First Amended Joint Plan of Reorganization on Jan. 22, 2014. The Plan, as revised, provides that the senior secured noteholder secured claims will be deemed allowed for $338 million. Each holder of a Senior Secured Noteholder Secured Claim will receive a number of shares of reorganized GMXR Common Stock with a value equal to the lesser of (A) 100% of the Face Amount of that Holder's Allowed Senior Secured Noteholder Secured Claim and (B) the greater of either (i) 27% of the Face Amount the Holder's Allowed Senior Secured Noteholder Secured Claim or (ii) 4.9% of the outstanding Reorganized GMXR Common Stock as of the Effective Date. INVESTORS CAPITAL: Incurs $32,624 Net Loss in November ------------------------------------------------------ Investors Capital Partners II, LP, on Jan. 15, 2014, filed its monthly operating report for November 2013. The Debtor reported $32,624 in net losses on income of $36,248. At November 1, the Debtor had $621,474 cash. It had total cash receipts of $36,670 and total cash disbursements of $6,122. At the end of the month, the Debtor had $652,022. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/InvestorsCapitalmornov.pdf About Investors Capital II Brentwood, Tennessee-based Investors Capital Partners II, LP and two affiliates sought Chapter 11 protection (Bankr. W.D. Ky. Case Nos. 12-11575 to 11677) in Bowling Green, Kentucky, on Dec. 19, 2012. ICP II estimated assets of at least $10 million and liabilities of less than $10 million. It owns a 35-acre commercial development near Glasgow, Kentucky. The ICP II property is home to a Marquee Cinema, Dollar Tree, and Aaron's Rents and also consists of seven parcels of undeveloped land. Debtor-affiliate Investors Capital Partners I, LP owns multiple parcels of undeveloped land near Nolensville, Tennessee. Investors Land Partners II, LP owns partially developed land, consisting of six adjoining parcels of real property, near Nashville, Tennessee. Laura Day DelCotto, Esq., and Amelia Martin Adams, Esq., at DelCotto Law Group, PLLC, represent the Debtor as counsel. In court filings, the Debtors said their lenders have attempted to foreclose against the Debtors' assets, and the Debtors have been unable to reach agreements with their lenders that would allow the Debtors to reorganize their debts in an orderly manner; thus, the Debtors have little option except for the development of a joint plan to reorganize operations and restructure debts for the benefit of all creditors and parties in interest. INVESTORS CAPITAL: Ends December with $36,433 Net Loss ------------------------------------------------------ Investors Capital Partners II, LP, on Jan. 15, 2014, filed its monthly operating report for December 2013. The Debtor's statement of income showed a net loss of $32,173 on total income of $36,433 for the month. At December 1, the Debtor had $652,022 cash. It reported $45,033 in cash receipts and total cash disbursements of $10,585. At the end of the month, the Debtor had $686,470. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/InvestorsCapitalmordec.pdf About Investors Capital II Brentwood, Tennessee-based Investors Capital Partners II, LP and two affiliates sought Chapter 11 protection (Bankr. W.D. Ky. Case Nos. 12-11575 to 11677) in Bowling Green, Kentucky, on Dec. 19, 2012. ICP II estimated assets of at least $10 million and liabilities of less than $10 million. It owns a 35-acre commercial development near Glasgow, Kentucky. The ICP II property is home to a Marquee Cinema, Dollar Tree, and Aaron's Rents and also consists of seven parcels of undeveloped land. Debtor-affiliate Investors Capital Partners I, LP owns multiple parcels of undeveloped land near Nolensville, Tennessee. Investors Land Partners II, LP owns partially developed land, consisting of six adjoining parcels of real property, near Nashville, Tennessee. Laura Day DelCotto, Esq., and Amelia Martin Adams, Esq., at DelCotto Law Group, PLLC, represent the Debtor as counsel. In court filings, the Debtors said their lenders have attempted to foreclose against the Debtors' assets, and the Debtors have been unable to reach agreements with their lenders that would allow the Debtors to reorganize their debts in an orderly manner; thus, the Debtors have little option except for the development of a joint plan to reorganize operations and restructure debts for the benefit of all creditors and parties in interest. KIDSPEACE CORP: Ends December with $2.81 Million Net Profit ----------------------------------------------------------- KidsPeace Corporation, on Jan. 28, 2014, filed its monthly operating report for December 2013. The Debtor reported $2.81 million in net profit on net revenues of $2.30 million, as compared to the previous month's net loss of $655,518. At December 31, the Debtor reported $167.30 million in total assets, $149.82 million in total liabilities, and $17.49 million in total shareholders' equity. At December 1, the Debtor had $6.72 million cash. Kidspeace reported $11.46 million in total cash receipts and $10.54 million in total disbursements. They spent $452,936 in professional fees. Thus, at the end of the month, the Debtor had $7.64 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/KIDSPEACECORPdecmor.pdf About KidsPeace Corp. KidsPeace Corp., a provider of behavioral services for children, filed a petition for Chapter 11 reorganization (Bankr. E.D. Pa. Case No. 13-14508) on May 21, 2013, in Reading, Pennsylvania. KidsPeace operates a 96-bed pediatric psychiatric hospital in Orefield, Pennsylvania. Assets are $86.7 million, and debt on the books is $158.6 million, according to a court filing. The Debtor, which sought bankruptcy protection with eight affiliates, tapped Norris McLaughlin & Marcus, P.A. as counsel; EisnerAmper LLP as financial advisor, and Rust Omni as claims and notice agent. Assets total $158,587,999 at the end of 2012. The Debtors owe approximately $56,206,821 in bond debt, and they have been told that their pension liability is allegedly about $100,000,000 of which the Debtors currently reflect $83,049,412 on their books. KidsPeace sought Chapter 11 (i) as a means to implement a negotiated restructuring of bond debt currently aggregating approximately $51,310,000 plus accrued interest to a reduced amount of approximately $24 million in new 30-year bonds with interest at 7.5 percent, and (ii) to continue on-going negotiations with the Pension Benefit Guaranty Corporation in hopes of reducing the PBGC asserted obligation of $100+ million to an amount that the Debtors can reasonably expect to satisfy. The Debtor disclosed $157,930,467 in assets and $168,768,207 in liabilities as of the Chapter 11 filing. Since March 2012, MK has been exploring possible affiliation or acquisition opportunities; however, no offer of an affiliation or acquisition has been presented to the Debtors. Gemino Healthcare Finance, LLC, the prepetition revolving lender, is represented by James S. Rankin, Jr., Esq., at Parker, Hudson, Rainer & Dobbs LLP; and Weir & Partners LLP's Walter Weir, Jr., Esq. UMB Bank, N.A., on behalf of bondholders, Performance Food Group d/b/a AFI, W.B. Mason Co., Inc., Pension Benefit Guaranty Corporation, and Teresa Laudenslager were appointed to an official committee of unsecured creditors in the Debtors' cases. The Official Committee of Unsecured Creditors is represented by Fitzpatrcik Lentz & Bubba, P.C., and Lowenstein Sandler LLP as counsel. FTI Consulting, Inc. serves as the panel's financial advisor. LIFE CARE: Incurs $388,436 Net Loss in November ----------------------------------------------- Life Care St. Johns, Inc., dba Glenmoor, on Jan. 2, 2014, filed its monthly operating report for November 2013. The Debtor reported a $388,436 net loss on net revenues of $835,324, a decrease from the previous month's net loss of $677,072. At November 30, the Life Care reported total assets of $63.50 million, $117.90 million in total liabilities, and a -($54.40 million) total shareholders' deficit. At the beginning of the month, the Debtor had $499,377 cash. It reported total cash inflow from financing activities of $384,300 and total cash outflow from operating activities and investing activities of $404,451 and $161,625, respectively. Thus, at month end, the Debtor had $317,601 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/LIFECAREnovmor.pdf About Life Care St. Johns Life Care St. Johns, Inc., filed a Chapter 11 petition (Bankr. M.D. Fla. Case No. 13-04158) on July 3, 2013. The Debtor is the owner and operator of a continuing care retirement community known as Glenmoor consisting of 144 independent living units located on a 40-acre site in St. Johns County, Florida. Judge Jerry A. Funk presides over the case. Richard R. Thames, Esq., and Eric N. McKay, Esq., at Stutsman Thames & Markey, P.A., serves as the Debtor's counsel. Navigant Capital Advisors, LLC, acts as the Debtor's financial advisor. American Legal Claim Services, LLC, serves as claims and noticing agent. The Committee of Creditors Holding Unsecured Claims appointed in the bankruptcy case of Life Care St. Johns, Inc., is represented by Akerman Senterfitt's David E. Otero, Esq., and Christian P. George, Esq., in Jacksonville, Florida. Bruce Jones signed the petition as CEO. The Debtor estimated assets of at least $10 million and debts of at least $50 million. LOS GATOS HOTEL: Incurs $19,964 Net Loss in December ---------------------------------------------------- Los Gatos Hotel Corporation, on Jan. 21, 2014, filed its monthly operating report for December 2013. The Debtor's statement of operations showed a net loss of $19,964. At Dec. 31, 2013, the Debtor had $22.72 million in total assets, $20.57 million in total liabilities and $2.15 million total shareholders' equity. At the beginning of the month, the Debtor had $991,772 in cash. It reported total receipts of $381,566 and total disbursements of $401,530. The Debtor paid $54,382 in professional fees. Thus, at month end, the Debtor had $971,808 in cash. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/LosGatosmordec.pdf About Los Gatos Hotel San Jose, California-based Los Gatos Hotel Corporation, dba Hotel Los Gatos, was formed in 2000 to build and operate Hotel Los Gatos, a full-service boutique hotel in downtown Los Gatos, California. Los Gatos Hotel filed for Chapter 11 bankruptcy protection on December 27, 2010 (Bankr. N.D. Cal. Case No. 10-63135). The Debtor disclosed $17,191,277 in assets and $12,896,468 in liabilities as of the Chapter 11 filing. Affiliate Blossom Valley Investors, Inc., filed a separate Chapter 11 petition on September 10, 2009 (Bankr. N.D. Cal. Case No. 09-57669). Jeffry A. Davis, Esq., at Mintz Levin Cohn Ferris Glovsky Popeo, serves as the Debtor's bankruptcy counsel. The Debtor has tapped OSAS Inc. as financial advisor and investment banker. METRO FUEL: December Net Loss Further Drops to $144,058 ------------------------------------------------------- Metro Fuel Oil Corp., et al., on Jan. 22, 2014, filed its monthly operating report for the month of December 2013. The Debtors incurred $144,058 in net losses on zero revenue in December, a further drop from November's $74,210 net loss and October's $28,940 net loss. At Dec. 31, the Debtors had $17.78 million in total assets, $74.72 million in total liabilities, and a -($56.94 million) total shareholders' deficit. At the beginning of the month, the Debtors had $17.58 million cash. The Debtors reported cash receipts of $20,453 and total cash disbursements of $20,634. Thus, at the end of the month, the Debtors had $17.58 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/KO-KAUAOHANAdecmor.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 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 a seven-member creditors committee. Kelley Drye & Warren LLP represents the Committee. The Committee tapped FTI Consulting, Inc. as its financial advisor. On Feb. 15, 2013, the Bankruptcy Court entered an order approving the sale of substantially all of the assets of the Debtors to United Refining Energy Corp., for the base purchase price of $27,000,000, subject to adjustments. MUNDY RANCH: Reports $56,023 Net Loss in December ------------------------------------------------- Mundy Ranch, Inc., on Jan. 21, 2014, filed its monthly operating report for the month of December 2013. The Debtor's consolidated statement of operations showed a net loss of $56,023 on a $255,000 total income. At Dec. 31, 2013, the Debtor had $4 million in total assets, $4.10 million in total liabilities and a total shareholders' deficit of -($95,625). At December 1, the Debtor had $767,623 in cash. Mundy posted $261,251 in total cash receipts and total disbursements of $313,424. The Debtor spent $269,057 on professional fees. As a result, at month end, the Debtor had $715,450 in cash. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/MundyRanch262mor.pdf About Mundy Ranch Mundy Ranch Inc. -- http://www.mundyranch.com/-- is a family- owned corporation organized under the laws of the State of New Mexico with its principal place of business in Rio Arriba County, New Mexico. Mundy Ranch sells undeveloped parcels of real property in northern New Mexico which together occupy approximately 6,000 acres of land. The majority of the land consists of an undivided 5,500 acre parcel, which is also called Mundy Ranch. Mundy Ranch scheduled the Mundy Ranch Parcel as having a value of $17,000,000, with secured claims against the Mundy Ranch Parcel in the amount of $2,095,000. Mundy Ranch generates substantially all of its revenue from developing and selling parcels of land. It generates a small amount of revenue by selling Christmas trees. Mundy Ranch, Inc., filed a Chapter 11 petition (Bankr. D. N.M. Case No. 12-13015) in Albuquerque, New Mexico. The Law Office of George Dave Giddens, PC, in Albuquerque, serves as counsel to the Debtor. The Debtor estimated assets of $10 million to $50 million and debts of up to $10 million. NATIONAL ENVELOP: Cash Further Decreases to $618,228 in December ---------------------------------------------------------------- NE Opco, Inc., dba National Envelope, and its debtor affiliates, on Jan. 28, 2014, filed their monthly operating report for December 2013. The Debtors' December consolidated statement of operations showed a net income of $750,194 on zero revenue, as compared to the previous month's net loss of $150,000. At Dec. 31, 2013, National Envelop had $3.11 million in total assets, $137.33 million in total liabilities and a -($234.22 million) total shareholders' deficit. At the beginning of the month, the Debtors had $977,032 in cash. They incurred a total outflow from operating activities of $358,804. The Debtors paid $3.15 million in professional fees. At December 31, the Debtors had $618,228 cash, versus a $977,033 ending cash in November. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/NEopcomor.pdf About NE OPCO, Inc. National Envelope is the largest privately-held manufacturer of envelopes in North America. Headquartered in Frisco, Texas, National Envelope has eight plants and 15 percent of the envelope market. Revenue of $427 million in 2012 resulted in a $60.1 million net loss, continuing an unbroken string of losses since 2007. NE OPCO, Inc., doing business as National Envelope, along with affiliate NEV Credit Holdings, Inc., filed petitions seeking relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 13-11483) on June 10, 2013. The company disclosed liabilities including $148.4 million in secured debt, with $37.5 million owing on a revolving credit and $15.6 million on a secured term loan. There is a $55.7 million second-lien debt 82 percent held by a Gores Group LLC affiliate. National Envelope, then known as NEC Holdings Corp., first sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 10-11890) on June 10, 2010. The business was bought by Gores Group LLC for $208 million in a bankruptcy sale. National Envelope, through NE OPCO, has returned to bankruptcy to pursue a plan of reorganization or sell the assets as a going concern via 11 U.S.C. Sec. 363. The Debtor plans to facilitate a sale of the business with publicly traded competitor Cenveo Inc. In the new Chapter 11 case, the company has tapped the law firm Richards, Layton & Finger as counsel, PricewaterhouseCoopers LLP as financial adviser, and Epiq Bankruptcy Solutions as claims and notice agent. The Gores Group is represented by Weil, Gotshal and Manges LLP and Lowenstein Landler LLP. Salus Capital Partners, the DIP agent, is represented by Choate, Hall & Stewart LLP and Morris Nichols Arsht & Tunnell LLP. Wells Fargo Capital Finance, LLC, the prepetition senior agent, is represented by Goldberg Kohn Ltd and DLA Piper. The Official Committee of Unsecured Creditors is represented by Pachulski Stang Ziehl & Jones LLP's Laura Davis Jones, Esq., Bradford J. Sandier, Esq., Robert J. Feinstein, Esq., and Peter J. Keane, Esq. Guggenheim Securities, LLC, serves as its investment banker and financial advisor. National Envelope won court approval on July 19, 2013, for a global settlement permitting a sale of the company without objection from the official unsecured creditors' committee. The settlement ensures some recovery for unsecured creditors. The Company also won final approval for $67.5 million in bankruptcy financing being supplied by Salus Capital Partners LLC. Judge Sontchi authorized three buyers to acquire Frisco, Texas- based National Envelope's business for a total of about $70 million. Connecticut-based printer Cenveo Inc. acquired National Envelope's operating assets for $25 million, Hilco Receivables LLC picked up accounts receivable for $25 million and Southern Paper LLC took on its inventory for $15 million. NEOGENIX ONCOLOGY: Incurs $48,626 Net Loss in September ------------------------------------------------------- Neogenix Oncology, Inc., on Oct. 28, 2013, filed a monthly operating report for September 2013. The Debtor incurred a net loss of $48,626 on zero revenue for the month. At Sept. 30, 2013, the Debtors reported $17.89 million in total assets, $159.52 million in total liabilities and a -($141.64 million) total shareholders' deficit. At the beginning of the month, the Debtor had $190,869 in cash. The Debtor had total cash disbursements of $48,626. At month end, the Debtor had $142,242 cash. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/NEOGENIXONCOLOGYseptmor.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. PEM THISTLE: Ends December with $343,100 Cash --------------------------------------------- PEM Thistle Landing TIC 23, LLC, on Jan. 21, 2014, filed their monthly operating report for the period from December 17 to 31, 2013. The Debtor reported a net loss of $101,437 on $106.19 in total revenue. At Dec. 31, 2013, the Debtor had $64.18 million in total assets, $36.81 million in total liabilities and $27.39 million in total shareholders' equity. At December 17, the Debtor had $364,292 cash. It reported cash receipts of $242,008 and $263,200 in total cash disbursements. At the end of the period, the Debtor had $343,100 cash. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/PEMThistle48mordec.pdf About PEM Thistle PEM Thistle Landing TIC 23, LLC, filed a bare-bones Chapter 11 petition (Bankr. D. Del. Case No. 13-13273) in Delaware on Dec. 17, 2013. The Debtor is a Single Asset Real Estate as defined in 11 U.S.C. Sec. 101(51B) and its principal asset is located at 4801 East Thistle Landing Drive, in Phoenix, Arizona. Kathleen Mellor and Richard Mellor own 100% of the outstanding membership interests in the Debtor. Ms. Mellor, as director, signed the bankruptcy petition. Kevin Scott Mann, Esq., at Cross & Simon, LLC, in Wilmington, Delaware, serves as local counsel. The board resolution authorizing the bankruptcy filing says that the Debtor is authorized to hire the law firm of Freeborn & Peters LLP as general bankruptcy counsel. Judge Kevin Gross presides over the case. The U.S. Trustee has not appointed an official Committee of unsecured creditor. PITT PENN: Lists $17,932 Net Loss in August ------------------------------------------- Pitt Penn Holding Company, Inc., filed, on Nov. 5, 2013, its monthly operating report for August 2013. The Company reported a net loss of $17,932 with zero revenue for the month. As of August 31, the Company had $7.69 million in total assets, $17.52 million in total liabilities, and a total shareholders' deficit of -(9.83 million). At August 1, the Company had $24,900 in cash. For the month of August, the Company had total receipts of $82,732 and total disbursements of $82,819 with $47,512 spent in professional fees. As a result, at month end, Pitt Penn had a cash balance of $24,813. A copy of the monthly operating report is available at: http://bankrupt.com/misc/PITTPENNaugmor.pdf About Pitt Penn and Industrial Enterprises Pitt Penn Holding Co., Inc., and Pitt Penn Oil Co., LLC, each filed voluntary petitions for Chapter 11 relief (Bankr. D. Del. Case Nos. 09-11475 and 09-11476) on April 30, 2009. Industrial Enterprises of America, Inc., f/k/a Advanced Bio/Chem, Inc., filed for Chapter 11 protection (Bankr. D. Del. Case No. 09-11508) on May 1, 2009. EMC Packaging, Inc., filed a voluntary petition for Chapter 11 relief (Bankr. D. Del. Case No. 09-11524) on May 4, 2009. Unifide Industries, LLC, and Today's Way Manufacturing LLC, each filed a voluntary petition for Chapter 11 relief (Bankr. D. Del. Case Nos. 09-11587 and 09-11586) on May 6, 2009. PPH, PPO, EMC, Unifide, and Today's Way are each subsidiaries of IEAM. The cases are jointly administered under Case No. 09-11475. Christopher D. Loizides, Esq., at Loizides, P.A., in Wilmington, Del., represents the Debtors as counsel. In its petition, Industrial Enterprises disclosed total assets of $50,476,697 and total debts of $17,853,997. Industrial Enterprises originally operated as a holding company with four wholly owned subsidiaries, PPH, EMC, Unifide, and Today's Way. PPH, through its wholly owned subsidiary, PPO, was a leading manufacturer, marketer and seller of automotive chemicals and additives. EMC's original business consisted of converting hydrofluorocarbon gases R134a and R152a into branded private label refrigerant and propellant products. Unifide was a leading marketer and seller of automotive chemicals and additives. Today's Way manufactured and packaged the products which were sold by Unifide. Norman L. Pernick was appointed as the chapter 11 trustee for the Debtors. The trustee tapped Cole, Schotz, Meisel, Forman & leonard, P.A., as counsel, and CohnReznick LLP as his exclusive financial advisor. PITT PENN: September Net Loss Increases to $24,193 -------------------------------------------------- Pitt Penn Holding Company, Inc., on Dec. 13, 2013, filed its monthly operating report for September 2013. The Company's statement of operations showed a net loss of $24,193 with zero revenue for the month, an increase from the previous month's net loss of $17,932. As of Sept.30, the Company had $7.92 million in total assets, $17.78 million in total liabilities, and a total shareholder's deficit of -(9.85 million). At September 1, the Company had $24,813 in cash. It reported zero receipts and total cash disbursements of $11,322. Thus, at the end of the month, the Company had $23,491 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/PITTPENNseptmor.pdf About Pitt Penn and Industrial Enterprises Pitt Penn Holding Co., Inc., and Pitt Penn Oil Co., LLC, each filed voluntary petitions for Chapter 11 relief (Bankr. D. Del. Case Nos. 09-11475 and 09-11476) on April 30, 2009. Industrial Enterprises of America, Inc., f/k/a Advanced Bio/Chem, Inc., filed for Chapter 11 protection (Bankr. D. Del. Case No. 09-11508) on May 1, 2009. EMC Packaging, Inc., filed a voluntary petition for Chapter 11 relief (Bankr. D. Del. Case No. 09-11524) on May 4, 2009. Unifide Industries, LLC, and Today's Way Manufacturing LLC, each filed a voluntary petition for Chapter 11 relief (Bankr. D. Del. Case Nos. 09-11587 and 09-11586) on May 6, 2009. PPH, PPO, EMC, Unifide, and Today's Way are each subsidiaries of IEAM. The cases are jointly administered under Case No. 09-11475. Christopher D. Loizides, Esq., at Loizides, P.A., in Wilmington, Del., represents the Debtors as counsel. In its petition, Industrial Enterprises disclosed total assets of $50,476,697 and total debts of $17,853,997. Industrial Enterprises originally operated as a holding company with four wholly owned subsidiaries, PPH, EMC, Unifide, and Today's Way. PPH, through its wholly owned subsidiary, PPO, was a leading manufacturer, marketer and seller of automotive chemicals and additives. EMC's original business consisted of converting hydrofluorocarbon gases R134a and R152a into branded private label refrigerant and propellant products. Unifide was a leading marketer and seller of automotive chemicals and additives. Today's Way manufactured and packaged the products which were sold by Unifide. Norman L. Pernick was appointed as the chapter 11 trustee for the Debtors. The trustee tapped Cole, Schotz, Meisel, Forman & leonard, P.A., as counsel, and CohnReznick LLP as his exclusive financial advisor. PITT PENN: Reports $10,155 Net Loss in October ---------------------------------------------- Pitt Penn Holding Company, Inc., on Dec 13, 2013, filed its monthly operating report for October 2013. The Company had a net loss of $10,155 with zero revenue for the month. As of October 31, the Company had $7.77 million in total assets, $17.64 million in total liabilities, and a total shareholders' deficit of -(9.86 million). At the beginning of the month, the Company had $13,491 in cash. It reported $80,000 in total receipts and $50,862 in total cash disbursements for the month. It also spent $8,000 in professional fees. Thus, it had $42,628 at the end of the month. A copy of the monthly operating report is available at: http://bankrupt.com/misc/PITTPENNoctmor.pdf About Pitt Penn and Industrial Enterprises Pitt Penn Holding Co., Inc., and Pitt Penn Oil Co., LLC, each filed voluntary petitions for Chapter 11 relief (Bankr. D. Del. Case Nos. 09-11475 and 09-11476) on April 30, 2009. Industrial Enterprises of America, Inc., f/k/a Advanced Bio/Chem, Inc., filed for Chapter 11 protection (Bankr. D. Del. Case No. 09-11508) on May 1, 2009. EMC Packaging, Inc., filed a voluntary petition for Chapter 11 relief (Bankr. D. Del. Case No. 09-11524) on May 4, 2009. Unifide Industries, LLC, and Today's Way Manufacturing LLC, each filed a voluntary petition for Chapter 11 relief (Bankr. D. Del. Case Nos. 09-11587 and 09-11586) on May 6, 2009. PPH, PPO, EMC, Unifide, and Today's Way are each subsidiaries of IEAM. The cases are jointly administered under Case No. 09-11475. Christopher D. Loizides, Esq., at Loizides, P.A., in Wilmington, Del., represents the Debtors as counsel. In its petition, Industrial Enterprises disclosed total assets of $50,476,697 and total debts of $17,853,997. Industrial Enterprises originally operated as a holding company with four wholly owned subsidiaries, PPH, EMC, Unifide, and Today's Way. PPH, through its wholly owned subsidiary, PPO, was a leading manufacturer, marketer and seller of automotive chemicals and additives. EMC's original business consisted of converting hydrofluorocarbon gases R134a and R152a into branded private label refrigerant and propellant products. Unifide was a leading marketer and seller of automotive chemicals and additives. Today's Way manufactured and packaged the products which were sold by Unifide. Norman L. Pernick was appointed as the chapter 11 trustee for the Debtors. The trustee tapped Cole, Schotz, Meisel, Forman & leonard, P.A., as counsel, and CohnReznick LLP as his exclusive financial advisor. SPECIALTY PRODUCTS: Ends December with $17.33MM Cash Balance ------------------------------------------------------------ Specialty Products Holding Corp., on Jan. 24, 2014, filed its monthly operating report for December 2013. The Debtor had net losses of $1.11 million on zero revenue. At Dec. 31, 2013, the Debtor had $424.59 million in total assets, $227.31 million in total liabilities, and a $127.29 million total shareholders' equity. At the beginning of the month, the Debtor had $15.34 million cash. It recorded $36.18 million in total cash receipts and 34.19 million in total cash disbursements for the entire month, with $1.01 million spent on professional fees and expenses. Thus, at Dec. 31, the Debtor had $17.33 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/SPECIALTYPRODUCTSdecmor.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 (Bankr. D. Del. Case No. 10-11780) on May 31, 2010. 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 million to $500 million. 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 million to $500 million. On May 20, 2013, the Bankruptcy Court entered an order estimating the amount of the Debtors' asbestos liabilities, and a related memorandum opinion in support of the estimation order. The Bankruptcy Court estimated the current and future asbestos claims associated with Bondex International, Inc. and Specialty Products Holding at approximately $1.17 billion. The estimation hearing represents one step in the legal process in helping to determine the amount of potential funding for a 524(g) asbestos trust. TRINITY COAL: Had $1.14 Million Cash Balance at Dec. 31 ------------------------------------------------------- Trinity Coal Corporation, et al., on Jan. 31, 2014, filed their monthly operating report for December 2013. The Debtors reported a $4.97 million net loss on net revenues of $3.32 million. At the end of December, the Debtors reported $561.55 million in total assets, $443.20 million in total liabilities, and a $118.35 million total shareholders' equity. At December 1, the Debtors had $33,819 cash. The Debtors had total cash receipts of $2.89 million and total cash disbursements of $1.79 million. Thus, at month end, the Debtors had $1.14 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/TRINITYCOALdecmor.pdf About Trinity Coal Trinity Coal Corp. is a coal mining company that owns coal deposits located in the Appalachian region of the eastern United States, specifically, in Breathitt, Floyd, Knott Magoffin, and Perry Counties in eastern Kentucky and in Boone, Fayette, Mingo, McDowell and Wyoming Counties in West Virginia. Privately held multinational conglomerate Essar Global Limited acquired Trinity Coal in 2010 for $600 million. Credit Agricole Corporate & Investment Bank, ING Capital LLC and Natixis, New York Branch filed an involuntary petition for relief under Chapter 11 against Trinity Coal Corporation and 15 affiliates (Bankr. E.D. Ky. Lead Case No. 13-50364). The three entities say they are owed a total of $104 million on account loans provided to Trinity. On Feb. 14, 2013, Austin Powder Company, Whayne Supply Company and Cecil I. Walker Machinery Co. filed an involuntary petition for relief under Chapter 11 (Bankr. E.D. Ky. Case No. 13-50335) against Frasure Creek Mining, LLC. On Feb. 19, 2013, Credit Agricole, ING Capital and Natixis joined as petitioning creditors. The Debtors consented to the entry of an order for relief in each of their respective Chapter 11 cases. Steven J. Reisman, Esq., L. P. Harrison 3rd, Esq., Jerrold L. Bregman, Esq., and Dienna Ching, Esq., at Curtis, Mallet-Prevost, Colt & Mosle LLP, in New York, N.Y.; and John W. Ames, Esq., C.R. Bowles, Jr., Esq., and Bruce Cryder, Esq., at Bingham Greenebaum Doll LLP, in Lexington, Ky., represent the Debtors as counsel. Attorneys at Foley & Lardner LLP, in Chicago, Ill., represent the Official Committee of Unsecured Creditors as counsel. Sturgill, Turner, Barker & Maloney, PLLC, in Lexington, Ky., represents the Official Committee of Unsecured Creditors as local counsel. Dixon Hughes Goodman LLP serves as tax accountants. Trinity Coal on Nov. 8, 2013 won an order confirming its Chapter 11 plan. Under the Plan, the company will exit Chapter 11 through a repurchase by Essar Group, the co-proponent of the Plan. Essar is reacquiring Trinity by paying secured lenders $56 million toward claims of some $123 million. Essar is an Indian business group controlled by billionaire brothers Shashikant and Ravikant Ruia. VERTIS HOLDINGS: December Net Loss Increases to $57.55 Million -------------------------------------------------------------- Vertis Holdings, Inc., at al., on Jan. 31, 2014, filed their monthly operating report for December 2013. The Debtors' consolidated statement of operations showed a net loss of $57.55 million on $2,400 in revenue, an increase from the previous month's net loss of $4.07 million. At Dec. 31, 2013, the Debtors posted $19.59 million in total assets, $441.44 million in total liabilities, and a -($421.85 million) total shareholders' deficit. At the beginning of the month, the Debtors had $8.32 million cash. They reported total cash receipts of $1.56 million and total cash disbursements of $1.18 million. They spent $135,884 in professional fees. At month end, the Debtors had $8.70 million cash. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/VERTISHOLDINGSdecmor.pdf About Vertis Holdings Vertis Holdings Inc. -- http://www.thefuturevertis.com/-- provides advertising services in a variety of print media, including newspaper inserts such as magazines and supplements. Vertis and its affiliates (Bankr. D. Del. Lead Case No. 12-12821), returned to Chapter 11 bankruptcy on Oct. 10, 2012, this time to sell the business to Quad/Graphics, Inc., for $258.5 million, subject to higher and better offers in an auction. As of Aug. 31, 2012, the Debtors' unaudited consolidated financial statements reflected assets of approximately $837.8 million and liabilities of approximately $814.0 million. Bankruptcy Judge Christopher Sontchi presides over the 2012 case. Vertis is advised by Perella Weinberg Partners, Alvarez & Marsal, and Cadwalader, Wickersham & Taft LLP. Quad/Graphics is advised by Blackstone Advisory Partners, Arnold & Porter LLP and Foley & Lardner LLP, special counsel for antitrust advice. Kurtzman Carson Consultants LLC is the Debtors' claims agent. Quad/Graphics is a global provider of print and related multichannel solutions for consumer magazines, special interest publications, catalogs, retail inserts/circulars, direct mail, books, directories, and commercial and specialty products, including in-store signage. Headquartered in Sussex, Wis. (just west of Milwaukee), the Company has approximately 22,000 full-time equivalent employees working from more than 50 print-production facilities as well as other support locations throughout North America, Latin America and Europe. Vertis first filed for bankruptcy (Bankr. D. Del. Case No. 08- 11460) on July 15, 2008, to complete a merger with American Color Graphics. ACG also commenced separate bankruptcy proceedings. In August 2008, Vertis emerged from bankruptcy, completing the merger. Vertis against filed for Chapter 11 bankruptcy (Bankr. S.D.N.Y. Case No. 10-16170) on Nov. 17, 2010. The Debtor estimated its assets and debts of more than $1 billion. Affiliates also filed separate Chapter 11 petitions -- American Color Graphics, Inc. (Bankr. S.D.N.Y. Case No. 10-16169), Vertis Holdings, Inc. (Bankr. S.D.N.Y. Case No. 10-16170), Vertis, Inc. (Bankr. S.D.N.Y. Case No. 10-16171), ACG Holdings, Inc. (Bankr. S.D.N.Y. Case No. 10- 16172), Webcraft, LLC (Bankr. S.D.N.Y. Case No. 10-16173), and Webcraft Chemicals, LLC (Bankr. S.D.N.Y. Case No. 10-16174). The bankruptcy court approved the prepackaged Chapter 11 plan on Dec. 16, 2010, and Vertis consummated the plan on Dec. 21. The plan reduced Vertis' debt by more than $700 million or 60%. GE Capital Corporation, which serves as DIP Agent and Prepetition Agent, is represented in the 2012 case by lawyers at Winston & Strawn LLP. Morgan Stanley Senior Funding Inc., the agent under the prepetition term loan, and as term loan collateral agent, is represented by lawyers at White & Case LLP, and Milbank Tweed Hadley & McCloy LLP. On Jan. 16, 2013, Quad/Graphics completed the acquisition of Vertis Holdings for a net purchase price of $170 million. This assumes the purchase price of $267 million less the payment of $97 million for current assets that are in excess of normalized working capital requirements. ********* 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. 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The Sunday TCR delivers securitization rating news from the week then-ending. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA. Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog, Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa, Sheryl Joy P. Olano, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2014. 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. 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