TCR_Public/140322.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, March 22, 2014, Vol. 18, No. 80

                            Headlines

ARCHDIOCESE OF MILWAUKEE: Incurs $1.13 Million Net Loss in January
ATP OIL: Reports $3.68 Million Net Income for August
ATP OIL: Ends September with $16.13 Million Cash Balance
ATP OIL: Had -($159,145) Cash at Oct. 31
ATP OIL: Incurs $1.51 Billion Net Loss in November

ATP OIL: December Net Loss Decreases to $178.37 Million
ATP OIL: Net Loss Further Decreases to $5.20 Million in January
ECOTALITY INC: ETEC Ends January with $32,484 Net Loss
EDGENET INC: Reports $695,000 Net Loss in January
GLOBAL AVIATION: Amends December Monthly Operating Report

GLOBAL AVIATION: Ends January with $835,082 in Revenues
LEHMAN BROTHERS: Reports $19BB in Cash & Inventory as of Jan. 31
LIFE CARE: December Net Loss Increases to $665,664
LIGHTSQUARED INC: February Net Loss Increased to $66.73 Million
RESTORA HEALTHCARE: Projects $7.30-Mil. Total Receipts Thru April

RG STEEL: Incurs $4.785 Million Net Loss in February


                             *********

ARCHDIOCESE OF MILWAUKEE: Incurs $1.13 Million Net Loss in January
------------------------------------------------------------------
The Archdiocese of Milwaukee, on Feb. 14, 2014, filed its monthly
operating report for January 2014.

The Debtor's profit and loss statement showed a net loss of $1.13
million on $749,974 of net sales.

At Jan. 31, 2014, the Debtor reported $45.28 million in total
assets, $37.03 million in total liabilities, and $8.25 million in
total shareholders' equity.

At the beginning of January, the Debtor had $10.18 million cash.
The Debtor had cash inflow which includes $2.04 million in
receipts and $$39,595 in funds held for others.  The Debtor also
had cash outflow which includes $1.89 million in disbursements and
$128,137 in funds held for others.  At month end, the Debtor
reported $10.47 million in cash.

A copy of the monthly operating report is available at:

    http://bankrupt.com/misc/ARCHDIOCESEOFMILWAUKEEjan2014mor.pdf

                    About Archdiocese of Milwaukee

The Diocese of Milwaukee was established on Nov. 28, 1843, and
was elevated to an Archdiocese on Feb. 12, 1875, by Pope Pius
IX.  The region served by the Archdiocese consists of 4,758 square
miles in southeast Wisconsin which includes counties Dodge, Fond
du Lac, Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan, Walworth,
Washington and Waukesha.  There are 657,519 registered Catholics
in the Region.

The Catholic Archdiocese of Milwaukee, in Wisconsin, filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Wis. Case No.
11-20059) on Jan. 4, 2011, to address claims over sexual abuse
by priests on minors.

The Archdiocese became at least the eighth Roman Catholic diocese
in the U.S. to file for bankruptcy to settle claims from current
and former parishioners who say they were sexually molested by
priests.

Daryl L. Diesing, Esq., at Whyte Hirschboeck Dudek S.C., in
Milwaukee, Wisconsin, serves as the Archdiocese's counsel.  The
Official Committee of Unsecured Creditors in the bankruptcy case
has retained Pachulski Stang Ziehl & Jones LLP as its counsel, and
Howard, Solochek & Weber, S.C., as its local counsel.

The Archdiocese estimated assets and debts of $10 million to
$50 million in its Chapter 11 petition.

(Catholic Church Bankruptcy News; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)


ATP OIL: Reports $3.68 Million Net Income for August
----------------------------------------------------
ATP Oil & Gas Corporation filed its monthly operating report for
August 2013, listing a $3,689,379 net income on $36,262,768 of
revenues for the month.

At Aug. 31, the Debtor had $2.79 billion in total assets, $3.09
billion in total liabilities and -($300 million) in total owners'
equity.

At the beginning of the month, the Debtor had $13.88 million in
cash.  It reported a total of $42.10 million in total receipts and
$33.22 million in total disbursements for the reporting period.
Thus, cash at the end of the month for the Debtor was $22.77
million.

A copy of the monthly operating report is available at:

             http://bankrupt.com/misc/ATPOILaug2013mor.pdf

                            About ATP Oil

Houston, Texas-based ATP Oil & Gas Corporation is an international
offshore oil and gas development and production company focused
in the Gulf of Mexico, Mediterranean Sea and North Sea.

ATP Oil & Gas filed a Chapter 11 petition (Bankr. S.D. Tex. Case
No. 12-36187) on Aug. 17, 2012.  Attorneys at Mayer Brown LLP,
serve as bankruptcy counsel.  Munsch Hardt Kopf & Harr, P.C., is
the conflicts counsel.  Motley Rice LLC and Fayard & Honeycutt,
APC serve as special counsel.  Opportune LLP is the financial
advisor and Jefferies & Company is the investment banker.
Kurtzman Carson Consultants LLC is the claims and notice agent.

ATP disclosed assets of $3.6 billion and $3.5 billion of
liabilities as of March 31, 2012.  Debt includes $365 million on a
first-lien loan where Credit Suisse AG serves as agent.  There is
$1.5 billion on second-lien notes with Bank of New York Mellon
Trust Co. as agent.  ATP's other debt includes $35 million on
convertible notes and $23.4 million owing to third parties for
their shares of production revenue.  Trade suppliers have claims
for $147 million, ATP said in a court filing.

An official committee of unsecured creditors has been appointed in
the case.  Evan R. Fleck, Esq., at Milbank, Tweed, Hadley &
McCloy, in New York, represents the Creditors Committee as
counsel.

A seven-member panel of equity security holders has also been
appointed in the case.  Kyung S. Lee, Esq., and Charles M. Rubio,
Esq. of Diamond McCarthy LLP, in Houston, Texas, serve as counsel
to the Equity Committee.


ATP OIL: Ends September with $16.13 Million Cash Balance
--------------------------------------------------------
ATP Oil & Gas Corporation filed its monthly operating report for
September 2013, disclosing $6,009,709 net income on $32,890,050 of
revenues for the month.

The posted net income for September is an increase from the
previous month's $3.69 million net income.

At Sept. 30, the Debtor had $2.79 billion in total assets, $3.09
million in total liabilities, and -($299.58 million) in total
owners' equity.

At the start of the month, the Debtor had $22.77 million in cash.
It had $33.37 million in total receipts and $40.01 million in
total disbursements.  Thus, at month end, the Debtor had $16.13
million.

A copy of the monthly operating report is:

          http://bankrupt.com/misc/ATPOILsept2013mor.pdf

                            About ATP Oil

Houston, Texas-based ATP Oil & Gas Corporation is an international
offshore oil and gas development and production company focused
in the Gulf of Mexico, Mediterranean Sea and North Sea.

ATP Oil & Gas filed a Chapter 11 petition (Bankr. S.D. Tex. Case
No. 12-36187) on Aug. 17, 2012.  Attorneys at Mayer Brown LLP,
serve as bankruptcy counsel.  Munsch Hardt Kopf & Harr, P.C., is
the conflicts counsel.  Motley Rice LLC and Fayard & Honeycutt,
APC serve as special counsel.  Opportune LLP is the financial
advisor and Jefferies & Company is the investment banker.
Kurtzman Carson Consultants LLC is the claims and notice agent.

ATP disclosed assets of $3.6 billion and $3.5 billion of
liabilities as of March 31, 2012.  Debt includes $365 million on a
first-lien loan where Credit Suisse AG serves as agent.  There is
$1.5 billion on second-lien notes with Bank of New York Mellon
Trust Co. as agent.  ATP's other debt includes $35 million on
convertible notes and $23.4 million owing to third parties for
their shares of production revenue.  Trade suppliers have claims
for $147 million, ATP said in a court filing.

An official committee of unsecured creditors has been appointed in
the case.  Evan R. Fleck, Esq., at Milbank, Tweed, Hadley &
McCloy, in New York, represents the Creditors Committee as
counsel.

A seven-member panel of equity security holders has also been
appointed in the case.  Kyung S. Lee, Esq., and Charles M. Rubio,
Esq. of Diamond McCarthy LLP, in Houston, Texas, serve as counsel
to the Equity Committee.


ATP OIL: Had -($159,145) Cash at Oct. 31
----------------------------------------
ATP Oil & Gas Corporation filed its monthly operating report for
October 2013, listing $273,701 net income for the month.

At Oct. 31, the Debtor had $2.78 billion in total assets, $3.09
billion in total liabilities, and -($305 million) in total owners'
equity.

At the start of the month, the Debtor had $16.13 million in cash.
It had $27.03 million in total receipts and $43.32 million in
total disbursements for the reporting period.  Thus, at month end,
the Debtor had -($159,145) cash.

A copy of the monthly operating report is available at:

             http://bankrupt.com/misc/ATPOILoct2013mor.pdf

                            About ATP Oil

Houston, Texas-based ATP Oil & Gas Corporation is an international
offshore oil and gas development and production company focused
in the Gulf of Mexico, Mediterranean Sea and North Sea.

ATP Oil & Gas filed a Chapter 11 petition (Bankr. S.D. Tex. Case
No. 12-36187) on Aug. 17, 2012.  Attorneys at Mayer Brown LLP,
serve as bankruptcy counsel.  Munsch Hardt Kopf & Harr, P.C., is
the conflicts counsel.  Motley Rice LLC and Fayard & Honeycutt,
APC serve as special counsel.  Opportune LLP is the financial
advisor and Jefferies & Company is the investment banker.
Kurtzman Carson Consultants LLC is the claims and notice agent.

ATP disclosed assets of $3.6 billion and $3.5 billion of
liabilities as of March 31, 2012.  Debt includes $365 million on a
first-lien loan where Credit Suisse AG serves as agent.  There is
$1.5 billion on second-lien notes with Bank of New York Mellon
Trust Co. as agent.  ATP's other debt includes $35 million on
convertible notes and $23.4 million owing to third parties for
their shares of production revenue.  Trade suppliers have claims
for $147 million, ATP said in a court filing.

An official committee of unsecured creditors has been appointed in
the case.  Evan R. Fleck, Esq., at Milbank, Tweed, Hadley &
McCloy, in New York, represents the Creditors Committee as
counsel.

A seven-member panel of equity security holders has also been
appointed in the case.  Kyung S. Lee, Esq., and Charles M. Rubio,
Esq. of Diamond McCarthy LLP, in Houston, Texas, serve as counsel
to the Equity Committee.


ATP OIL: Incurs $1.51 Billion Net Loss in November
--------------------------------------------------
ATP Oil & Gas Corporation, on Dec. 20, 2013, filed its monthly
operating report for November 2013.  The MOR was subsequently
amended on Jan. 21, 2014.

The Company incurred a net loss of $1.51 billion on $181,623 in
revenue.

At Nov. 30, 2013, the Company posted $58.56 million in total
assets, $1.87 billion in total liabilities, and a -($1.81 billion)
total shareholders' deficit.

At Nov. 1, the Company had -($159,145) in cash.  It reported $8.16
million in total receipts and $6.08 million in total disbursements
for the reporting period.  At month end, the Company had $1.92
million cash.

A copy of the monthly operating report is available at:

            http://bankrupt.com/misc/ATPOILnov2013mor.pdf

A copy of the amended monthly operating report is available at:

         http://bankrupt.com/misc/ATPOILamendednov2013mor.pdf

                            About ATP Oil

Houston, Texas-based ATP Oil & Gas Corporation is an international
offshore oil and gas development and production company focused
in the Gulf of Mexico, Mediterranean Sea and North Sea.

ATP Oil & Gas filed a Chapter 11 petition (Bankr. S.D. Tex. Case
No. 12-36187) on Aug. 17, 2012.  Attorneys at Mayer Brown LLP,
serve as bankruptcy counsel.  Munsch Hardt Kopf & Harr, P.C., is
the conflicts counsel.  Motley Rice LLC and Fayard & Honeycutt,
APC serve as special counsel.  Opportune LLP is the financial
advisor and Jefferies & Company is the investment banker.
Kurtzman Carson Consultants LLC is the claims and notice agent.

ATP disclosed assets of $3.6 billion and $3.5 billion of
liabilities as of March 31, 2012.  Debt includes $365 million on a
first-lien loan where Credit Suisse AG serves as agent.  There is
$1.5 billion on second-lien notes with Bank of New York Mellon
Trust Co. as agent.  ATP's other debt includes $35 million on
convertible notes and $23.4 million owing to third parties for
their shares of production revenue.  Trade suppliers have claims
for $147 million, ATP said in a court filing.

An official committee of unsecured creditors has been appointed in
the case.  Evan R. Fleck, Esq., at Milbank, Tweed, Hadley &
McCloy, in New York, represents the Creditors Committee as
counsel.

A seven-member panel of equity security holders has also been
appointed in the case.  Kyung S. Lee, Esq., and Charles M. Rubio,
Esq. of Diamond McCarthy LLP, in Houston, Texas, serve as counsel
to the Equity Committee.


ATP OIL: December Net Loss Decreases to $178.37 Million
-------------------------------------------------------
ATP Oil & Gas Corporation, filed on Jan. 20, 2014, its monthly
operating report for December 2013.

The Company reported a $178.37 million net loss on $793,254 in
revenue for December, an improvement from the $1.51 billion net
loss incurred the previous month.

At Dec. 31, 2013, the Company had $73.51 million in total assets,
$2.07 billion in total liabilities, and a -($1.99 billion) total
shareholders' deficit.

At the beginning of the month, the Company had $1.92 million cash.
It had total receipts of $14.77 million and total disbursements of
$100,098.  At Dec. 31, the Company had a cash balance of $16.59
million.

A copy of the monthly operating report is available at:

             http://bankrupt.com/misc/ATPOILdec2013mor.pdf

                            About ATP Oil

Houston, Texas-based ATP Oil & Gas Corporation is an international
offshore oil and gas development and production company focused
in the Gulf of Mexico, Mediterranean Sea and North Sea.

ATP Oil & Gas filed a Chapter 11 petition (Bankr. S.D. Tex. Case
No. 12-36187) on Aug. 17, 2012.  Attorneys at Mayer Brown LLP,
serve as bankruptcy counsel.  Munsch Hardt Kopf & Harr, P.C., is
the conflicts counsel.  Motley Rice LLC and Fayard & Honeycutt,
APC serve as special counsel.  Opportune LLP is the financial
advisor and Jefferies & Company is the investment banker.
Kurtzman Carson Consultants LLC is the claims and notice agent.

ATP disclosed assets of $3.6 billion and $3.5 billion of
liabilities as of March 31, 2012.  Debt includes $365 million on a
first-lien loan where Credit Suisse AG serves as agent.  There is
$1.5 billion on second-lien notes with Bank of New York Mellon
Trust Co. as agent.  ATP's other debt includes $35 million on
convertible notes and $23.4 million owing to third parties for
their shares of production revenue.  Trade suppliers have claims
for $147 million, ATP said in a court filing.

An official committee of unsecured creditors has been appointed in
the case.  Evan R. Fleck, Esq., at Milbank, Tweed, Hadley &
McCloy, in New York, represents the Creditors Committee as
counsel.

A seven-member panel of equity security holders has also been
appointed in the case.  Kyung S. Lee, Esq., and Charles M. Rubio,
Esq. of Diamond McCarthy LLP, in Houston, Texas, serve as counsel
to the Equity Committee.


ATP OIL: Net Loss Further Decreases to $5.20 Million in January
---------------------------------------------------------------
ATP Oil & Gas Corporation, on Feb. 20, 2014, filed its monthly
operating report for January 2014.

The Company's statement of operations showed a net loss of $5.20
million on revenue of $343 in January, compared to the net losses
of $178.37 million and $1.51 billion in November and December,
respectively.

At Jan. 31, 2014, the Company recorded total assets of $73.81
million, total liabilities of $2.06 billion, and a -($2 billion)
total shareholders' deficit.

At the beginning of January, the Company had a cash balance of
$16.59 million.  It reported -($13.72 million) in total receipts
and $180,246 in total disbursements.  At the end of the month, the
cash balance was pegged at $2.69 million.

A copy of the monthly operating report is available at:

            http://bankrupt.com/misc/ATPOILjan2014mor.pdf

                            About ATP Oil

Houston, Texas-based ATP Oil & Gas Corporation is an international
offshore oil and gas development and production company focused
in the Gulf of Mexico, Mediterranean Sea and North Sea.

ATP Oil & Gas filed a Chapter 11 petition (Bankr. S.D. Tex. Case
No. 12-36187) on Aug. 17, 2012.  Attorneys at Mayer Brown LLP,
serve as bankruptcy counsel.  Munsch Hardt Kopf & Harr, P.C., is
the conflicts counsel.  Motley Rice LLC and Fayard & Honeycutt,
APC serve as special counsel.  Opportune LLP is the financial
advisor and Jefferies & Company is the investment banker.
Kurtzman Carson Consultants LLC is the claims and notice agent.

ATP disclosed assets of $3.6 billion and $3.5 billion of
liabilities as of March 31, 2012.  Debt includes $365 million on a
first-lien loan where Credit Suisse AG serves as agent.  There is
$1.5 billion on second-lien notes with Bank of New York Mellon
Trust Co. as agent.  ATP's other debt includes $35 million on
convertible notes and $23.4 million owing to third parties for
their shares of production revenue.  Trade suppliers have claims
for $147 million, ATP said in a court filing.

An official committee of unsecured creditors has been appointed in
the case.  Evan R. Fleck, Esq., at Milbank, Tweed, Hadley &
McCloy, in New York, represents the Creditors Committee as
counsel.

A seven-member panel of equity security holders has also been
appointed in the case.  Kyung S. Lee, Esq., and Charles M. Rubio,
Esq. of Diamond McCarthy LLP, in Houston, Texas, serve as counsel
to the Equity Committee.


ECOTALITY INC: ETEC Ends January with $32,484 Net Loss
------------------------------------------------------
Electronic Transportation Engineering Corporation, lead debtor in
the Chapter 11 cases of Ecotality, Inc., et al., on Feb. 24, 2014,
filed its monthly operating report for January 2014.

ETEC incurred a net loss of $32,484 on zero revenue in January, a
decrease from the December net loss of $38,298.

At Jan. 31, 2014, ETEC reported $5.15 million in total assets,
$96.81 million in total liabilities, and a -($91.66 million) total
shareholders' deficit.

At the beginning of the month, ETEC posted had $877,109 in cash.
It had $53,365 in total receipts and $4,498 in total
disbursements.  At month end, ETEC had $925,977 in cash.

A copy of the monthly operating report is available at:

         http://bankrupt.com/misc/ECOTALITYINCjan2014mor.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.


EDGENET INC: Reports $695,000 Net Loss in January
-------------------------------------------------
Edgenet, Inc., on March 11, 2014, filed its monthly operating
report for January 2014.

The Debtor incurred a $695,000 net loss on $735,000 total revenue.

At Jan. 31, 2014, the Debtor had $36.78 million in total assets,
$113.18 million in total liabilities, $133.70 million in preferred
stock, and a -($210.10 million) shareholders' deficit.

At the beginning of the month, the Debtor posted $11.96 million in
cash.  It had $333,507 in total receipts and $583,339 in total
disbursements.  At the end of January, the Debtor reported $11.79
million in cash.

A copy of the monthly operating report is available at:

          http://bankrupt.com/misc/EDGENETINCjan2014mor.pdf

                          About Edgenet Inc.

Edgenet, Inc., and Edgenet Holding Corp. are providers of cloud-
based content and applications that enable companies to sell more
products and services with greater ease across multiple channels
and devices.  Edgenet has three business locations: Waukesha, WI,
Brentwood, TN, and its main office in Atlanta, GA.  The Company
has 80 employees.

Edgenet Inc. and Edgenet Holding filed for Chapter 11 bankruptcy
protection in Delaware (Lead Case No. 14-10066) on Jan. 14, 2014.

Edgenet Inc. estimated assets of at least $10 million and
liabilities of $100 million to $500 million.

Raymond Howard Lemisch, Esq., at Klehr Harrison Harvey Branzburg
LLP, in Wilmington, Delaware, serves as counsel to the Debtors;
Glass Ratner Advisory & Capital Group LLC is the financial
advisor; JMP Securities, LLC, is the investment banker, and Phase
Eleven Consultants, LLC, is the claims and noticing agent.

The U.S. Trustee has been unable to appoint an official unsecured
creditors committee as no sufficient interest has been generated
from creditors.

Fred Marxer, Timothy Choate and Davis Carr, individuals and
holders of a segment of the promissory notes issued in 2004 that
have been referred to by Edgenet, Inc., et al., requested that the
Court will issue an order appointing an official committee of
Seller Noteholders, or in the alternative, an official committee
of unsecured creditors, with members appointed from the Seller
Noteholders who agree to waive any continued security interest
arising from the Seller Notes.


GLOBAL AVIATION: Amends December Monthly Operating Report
---------------------------------------------------------
Global Aviation Holdings, Inc., et al., on March 5, 2014, amended
their monthly operating report for December 2013.

The Debtors listed a zero net loss on $1.35 million in revenue, as
compared to the $1.37 million net revenues previously reported.

At Dec. 31, 2013, the Debtors posted $490.69 million in total
assets, $339.93 million in total liabilities, and a $150.76
million total shareholders' equity.

At the beginning of December, the Debtors had a cash balance of
-($28,793).  It reported $3.11 million in total receipts and
$3.10 million in total disbursements.  At the end of the month,
the Debtors reported cash of -($10,681).

A copy of the monthly operating report is available at:

     http://bankrupt.com/misc/GLOBALAVIATIONamendeddec2013mor.pdf

                   About Global Aviation Holdings

Global Aviation Holdings Inc. -- http://www.glah.com-- the parent
company of North American Airlines and World Airways, sought
Chapter 11 bankruptcy protection on Nov. 12, 2013.  North American
Airlines, founded in 1989, operates passenger charter flights
using B767-300ER aircraft.  Founded in 1948, World Airways --
http://www.woa.com-- operates cargo and passenger charter flights
using B747-400 and MD-11 aircraft.

The parent of World Airways Inc. and North American Airlines Inc.
implemented a prior Chapter 11 reorganization in February 2013.
The new case is In re Global Aviation Holdings Inc., 13-12945,
U.S. Bankruptcy Court, District of Delaware (Wilmington). The
prior case was In re Global Aviation Holdings Inc., 12-bk-40783,
U.S. Bankruptcy Court, Eastern District New York (Brooklyn).

Peachtree City, Georgia-based Global blamed the new bankruptcy on
decreased flying for the government that reduced revenue for the
first nine months of this year to $354 million from $486 million
in the same period of 2012.

The 2013 petition shows assets and debt both exceeding $500
million. In the first bankruptcy, Global listed $589.8 million in
assets and debt of $493.2 million.

In the 2013 case, the Debtors are represented by Kourtney Lyda,
Esq., at Haynes and Boone, LLP, in Houston, Texas; and Christopher
A. Ward, Esq., at Polsinelli PC, in Wilmington, Delaware.

The first lien agent is represented by Michael L. Tuchin, Esq., at
Klee, Tuchin, Bogdanoff & Stern LLP, in Los Angeles, California.

Wells Fargo Bank, National Association, agent to the second
lienholders and third lienholders, is represented by Mildred
Quinones-Holmes, Esq., at Thompson Hines LLP, in New York.


GLOBAL AVIATION: Ends January with $835,082 in Revenues
-------------------------------------------------------
Global Aviation Holdings, Inc., et al., on March 10, 2014, filed
an their monthly operating report for January 2014.

The Debtors incurred a $.02 net loss on $835,082 in revenue.

At Jan. 31, the Debtors had $495.87 million in total assets,
$345.14 million in total liabilities, and a $150.73 million total
shareholders' equity.

The Debtors started the month with a -($10,681) cash balance.
They reported $3.07 million in total receipts and $3.09 in total
disbursements.  At the end of January, the Debtors had a cash
balance of -($22,495).

A copy of the monthly operating report is available at:

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

                   About Global Aviation Holdings

Global Aviation Holdings Inc. -- http://www.glah.com-- the parent
company of North American Airlines and World Airways, sought
Chapter 11 bankruptcy protection on Nov. 12, 2013.  North American
Airlines, founded in 1989, operates passenger charter flights
using B767-300ER aircraft.  Founded in 1948, World Airways --
http://www.woa.com-- operates cargo and passenger charter flights
using B747-400 and MD-11 aircraft.

The parent of World Airways Inc. and North American Airlines Inc.
implemented a prior Chapter 11 reorganization in February 2013.
The new case is In re Global Aviation Holdings Inc., 13-12945,
U.S. Bankruptcy Court, District of Delaware (Wilmington). The
prior case was In re Global Aviation Holdings Inc., 12-bk-40783,
U.S. Bankruptcy Court, Eastern District New York (Brooklyn).

Peachtree City, Georgia-based Global blamed the new bankruptcy on
decreased flying for the government that reduced revenue for the
first nine months of this year to $354 million from $486 million
in the same period of 2012.

The 2013 petition shows assets and debt both exceeding $500
million. In the first bankruptcy, Global listed $589.8 million in
assets and debt of $493.2 million.

In the 2013 case, the Debtors are represented by Kourtney Lyda,
Esq., at Haynes and Boone, LLP, in Houston, Texas; and Christopher
A. Ward, Esq., at Polsinelli PC, in Wilmington, Delaware.

The first lien agent is represented by Michael L. Tuchin, Esq., at
Klee, Tuchin, Bogdanoff & Stern LLP, in Los Angeles, California.

Wells Fargo Bank, National Association, agent to the second
lienholders and third lienholders, is represented by Mildred
Quinones-Holmes, Esq., at Thompson Hines LLP, in New York.


LEHMAN BROTHERS: Reports $19BB in Cash & Inventory as of Jan. 31
----------------------------------------------------------------
Lehman Brothers Holdings Inc. disclosed these cash receipts and
disbursements of the company, its affiliated debtors and
controlled entities for the month ended Jan. 31, 2014:

Beginning Total Cash & Investments (01/01/14)  $18,507,000,000
Total Sources of Cash                              830,000,000
Total Uses of Cash                                (103,000,000)
FX Fluctuation                                      (2,000,000)
                                               ---------------
Ending Total Cash & Investments (01/31/14)    $19,232,000,000

LBHI reported $9.416 billion in cash and investments as of
Jan. 1, 2014, and $9.642 billion as of Jan. 31, 2014.

The monthly operating report also showed that a total of $13.567
million was paid in January to bankruptcy professionals.  A copy
of the January 2014 Operating Report is available for free at
http://is.gd/XBY6GF

                     About Lehman Brothers

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

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

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

The Debtors' bankruptcy cases were initially handled by Judge
James M. Peck.  In March 2014, the case was reassigned to Judge
Shelley C. Chapman after Judge James M. Peck resigned to join
Morrison & Foerster LLP as co-chairman of the restructuring and
insolvency practice.

Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at
Weil, Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

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

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

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

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

Lehman made its first payment of $22.5 billion to creditors in
April 2012, a second payment of $10.2 billion on Oct. 1, 2012,
and a third distribution of $14.2 billion on April 4, 2013.  The
brokerage is yet to make a first distribution to non-customers,
although customers are being paid in full.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other
insolvency and bankruptcy proceedings undertaken by its
affiliates. (http://bankrupt.com/newsstand/or 215/945-7000).


LIFE CARE: December Net Loss Increases to $665,664
--------------------------------------------------
Life Care St. Johns, Inc., dba Glenmoor, filed on March 3, 2014,
its monthly operating report for January 2014.

The Debtor incurred a $665,664 net loss on $895,345 total revenue
in January, an increase from its December net loss of $484,535.

At Jan. 31, 2014, the Debtor reported $62.31 million in total
assets, $117.90 million in total liabilities, and a -($55.59
million) total shareholders' deficit.

At the beginning of January, the it had a cash balance of $1.89
million.  During the month, the Debtor reported a cash inflow of
$448,014 from investing and financing activities, and cash outflow
of $625,431 from operating activities.  Thus, at month end, the
Debtor had $1.72 million cash.

A copy of the monthly operating report is available at:

            http://bankrupt.com/misc/LIFECAREjan2014mor.pdf

                   About Life Care St. Johns, Inc.

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.  American Legal Claim Services,
LLC, serves as claims and noticing agent.  The Debtor hired
Navigant Capital Advisors, LLC, as financial advisors.  Following
Neil F. Luria's transfer to SOLIC Capital Advisors LLC, the Debtor
replaced Navigant with SOLIC.

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 disclosed
$36,308,406 in assets and $117,305,625 in liabilities as of the
Chapter 11 filing.


LIGHTSQUARED INC: February Net Loss Increased to $66.73 Million
---------------------------------------------------------------
LightSquared Inc., et al., filed on March 14, 2014, a monthly
operating report for the month ended February 28, 2014.

The Company reported a net loss of $66.73 million on net revenue
of $1.47 million for February, as compared to a $61.7 million net
loss the previous month.

As of February 28, 2014, the Company had total assets of $3.65
billion, total liabilities of $3.05 billion, and total
stockholders' equity of $604.92 million.

At the beginning of the month, LightSquared had $22.81 million in
cash.  The Company had total cash receipts of $37.29 million and
total cash disbursements of $22.78 million.  As a result, at the
end of February, the Company had total cash of $37.33 million.

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

                       http://is.gd/4hjEfg

                      About LightSquared Inc.

LightSquared Inc. and 19 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 12-12080) on
May 14, 2012, to resolve regulatory issues that have prevented it
from building its coast-to-coast integrated satellite 4G wireless
network.

LightSquared had invested more than $4 billion to deploy an
integrated satellite-terrestrial network.  In February 2012,
however, the U.S. Federal Communications Commission told
LightSquared the agency would revoke a license to build out the
network as it would interfere with global positioning systems used
by the military and various industries.  In March 2012, the
Company's partner, Sprint, canceled a master services agreement.
LightSquared's lenders deemed the termination of the Sprint
agreement would trigger cross-defaults under LightSquared's
prepetition credit agreements.

LightSquared and its prepetition lenders attempted to negotiate a
global restructuring that would provide LightSquared with
liquidity and runway necessary to resolve its issues with the FCC.
Despite working diligently and in good faith, however,
LightSquared and the lenders were not able to consummate a global
restructuring on terms acceptable to all interested parties.

Lawyers at Milbank, Tweed, Hadley & McCloy LLP serve as counsel to
the Debtors.  Alvarez & Marsal North America, LLC, is the
financial advisor.  Kurtzman Carson Consultants LLC serves as
claims and notice agent.


RESTORA HEALTHCARE: Projects $7.30-Mil. Total Receipts Thru April
-----------------------------------------------------------------
Restora Healthcare Holdings, LLC, et al., on March 11, 2014, filed
an initial monthly operating report.

The initial MOR includes a cash flow projection for the 10-week
period covering the week ended Feb. 28, 2014 through the week
ended April 30, 2014.

The Debtors project receipts to total $7.30 million for the 10-
week period, and operating cash outflows to total $7.63 million
for the same period.  The cash outflows include $4.83 million in
total payroll and staffing expense and $2.79 million in total
other operating expenses.

The Initial MOR also includes a schedule of professional fees paid
in 2014.  Among the Debtors' bankruptcy professionals are DLA
Piper LLP (US), Alvarez and Marsal Healthcare Industry Group, LLC,
and Rust Consulting/Omni Bankruptcy.

A copy of the monthly operating report is available at:

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

                      About Restora Healthcare

Restora Healthcare Holdings, LLC, and two of its affiliates filed
separate Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
14-10367 to 14-10369) on Feb. 24, 2014.  The petitions were signed
by George W. Dunaway as chief financial officer.  Restora
Healthcare estimated assets and debts of at least $10 million.
DLA Piper LLP (US) serves as the Debtors' counsel.


RG STEEL: Incurs $4.785 Million Net Loss in February
----------------------------------------------------
WP Steel Ventures, LLC, et al., on March 12, 2014, filed their
monthly operating report for the month ended February 28, 2014.

The Company posted a net loss of $4.785 million for February on
zero sales, a slight increase from January's $4.55 million net
loss.

As of February 28, 2014, the Company had total assets of $174.162
million, total liabilities of $1.227 billion, and total
stockholders' deficit of -($1.052 billion).

For the month of February, the Company had total cash receipts of
$5.628 million and total disbursements of $1.004 million.

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

                      http://is.gd/MhwcbB

                         About RG Steel

RG Steel LLC -- http://www.rg-steel.com/-- is the United States'
fourth-largest flat-rolled steel producer with annual steelmaking
capacity of 7.5 million tons.  It was formed in March 2011
following the purchase of three steel facilities located in
Sparrows Point, Maryland; Wheeling, West Virginia and Warren,
Ohio, from entities related to Severstal US Holdings LLC.  RG
Steel also owns finishing facilities in Yorkville and Martins
Ferry, Ohio.  It also owned Wheeling Corrugating Company and has a
50% ownership in Mountain State Carbon and Ohio Coatings Company.

RG Steel along with affiliates, including WP Steel Venture LLC,
sought bankruptcy protection (Bankr. D. Del. Lead Case No. 12-
11661) on May 31, 2012.  Bankruptcy was precipitated by liquidity
shortfall and a dispute with Mountain State Carbon, LLC, and a
Severstal affiliate, that restricted the shipment of coke used in
the steel production process.

The Debtors estimated assets and debts in excess of $1 billion.
As of the bankruptcy filing, the Debtors owe (i) $440 million,
including $16.9 million in outstanding letters of credit, to
senior lenders led by Wells Fargo Capital Finance, LLC, as
administrative agent, (ii) $218.7 million to junior lenders, led
by Cerberus Business Finance, LLC, as agent, (iii) $130.5 million
on account of a subordinated promissory note issued by majority
owner The Renco Group, Inc., and (iv) $100 million on a secured
promissory note issued by Severstal.

Judge Kevin J. Carey presides over the case.

The Debtors are represented in the case by Robert J. Dehney, Esq.,
and Erin R. Fay, Esq., at Morris, Nichols, Arsht & Tunnell LLP,
and Matthew A. Feldman, Esq., Shaunna D. Jones, Esq., Weston T.
Eguchi, Esq., at Willkie Farr & Gallagher LLP, represent the
Debtors.  Conway MacKenzie, Inc., serves as the Debtors' financial
advisor and The Seaport Group serves as lead investment banker.
Donald MacKenzie of Conway MacKenzie, Inc., as CRO.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

Wells Fargo Capital Finance LLC, as Administrative Agent, is
represented by Jonathan N. Helfat, Esq., and Daniel F. Fiorillo,
Esq., at Otterbourg, Steindler, Houston & Rosen, P.C.; and Laura
Davis Jones, Esq., and Timothy P. Cairns, Esq., at Pachuiski Stang
Ziehi & Jones LLP.

Renco Group is represented by lawyers at Cadwalader, Wickersham &
Taft LLP.

Kramer Levin Naftalis & Frankel LLP represents the Official
Committee of Unsecured Creditors.  Huron Consulting Services LLC
serves as the Committee's financial advisor.

The Debtor has sold off the principal plants.  The sale of
the Wheeling Corrugating division to Nucor Corp. brought in
$7 million.  That plant in Sparrows Point, Maryland, fetched the
highest price, $72.5 million.  CJ Betters Enterprises Inc. paid
$16 million for the Ohio plant.  RG Steel Sparrows Point LLC has
received the green light to sell some of its assets to Siemens
Industry, Inc., which include equipment and related spare parts,
for $400,000.


                             *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

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

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 the nation's bankruptcy courts.  The
list includes links to freely downloadable of these small-dollar
petitions in Acrobat PDF documents.

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.

                           *********

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
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herein is obtained from sources believed to be reliable, but is
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The TCR subscription rate is $975 for 6 months delivered via
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firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
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