/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/140503.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, May 3, 2014, Vol. 18, No. 121 Headlines ALLONHILL LLC: Projects $278,229 Total Receipts Through March 2015 BETSEY JOHNSON: Net Loss Decreases to $81,878 in January BETSEY JOHNSON: Earns $1.35 Million Net Income in February DIGITAL DOMAIN: Incurs $1.23 Million Net Loss in January DIGITAL DOMAIN: Net Loss Slightly Up To $1.57 Million in February FRESH & EASY: Records $191,218 Net Loss at March 31 GOLDKING HOLDINGS: Ends February With $669,257 GOLDKING HOLDINGS: Net Loss Decreases to $436,565 in March GRIDWAY ENERGY: Projects $43-Mil. in Total Receipts Thru July HOSTESS BRANDS: Records $3.76 Million Net Loss at March 8 KIDSPEACE CORP: Net Income Slightly Up to $688,748 in February LONGVIEW POWER: Lists $730MM Total Shareholders' Equity in March MEE APPAREL: Projects $9.98-Mil. in Total Receipts Thru June 2014 METEX MFG: Records $1.80 Million Cash Balance at February End METRO FUEL: Ends March With $17.55 Million Cash RAPID-AMERICAN CORP: Has $5.15 Million Cash at March 31 SCOOTER STORE: Ends February With $1.67 Million Cash SCOOTER STORE: Reports $363,233 Net Loss in March ST FRANCIS' HOSPITAL: Ends February With $2.51 Million Cash YARWAY CORPORATION: Net Loss Increases to $1.33 Million in March ********* ALLONHILL LLC: Projects $278,229 Total Receipts Through March 2015 ------------------------------------------------------------------ Allonhill LLC filed an initial monthly operating report on April 10, 2014. The Initial MOR includes a cash flow projection for the 12-month period covering April 2014 through March 2015. The Debtor projects cash receipts to total $278,229, and disbursements to total $1.07 million for the estimated 12-month period. The disbursements include $887,645 in professional fees, $9,100 in U.S. Trustee Fees, and $4,140 in Sales, Use and Other Taxes. The Initial MOR also includes a schedule of retainers paid to professionals. Among the Debtor's bankruptcy professionals are Bayards, P.A., Hogan Lovells US, LLP, and UpShot Services, LLC. A copy of the Initial MOR is available at: http://bankrupt.com/misc/ALLONHILLLLCmor.pdf About Allonhill LLC Allonhill LLC, a professional services firm based in Denver, Colorado, that previously provided loan due diligence and credit risk management services for institutions that invest in, sell, securitize or service mortgage loans, sought protection under Chapter 11 of the Bankruptcy Code on March 26, 2014. The case is In re Allonhill, LLC, Case No. 14-bk-10663 (Bankr. D. Del.). The Debtor's General Counsel is HOGAN LOVELLS US LLP. The Debtor's Local Counsel is Neil B. Glassman, Esq., Justin R. Alberto, Esq., and Evan T. Miller, Esq., at BAYARD, P.A., in Wilmington, Delaware. Upshot Services LLC serves as the Debtor's Claims and Noticing Agent. The Debtor disclosed $19,205,062 in assets and $32,918,294 in liabilities as of the Chapter 11 filing. Roberta A. DeAngelis, U.S. Trustee for Region 3, notified the Bankruptcy Court that she was unable to appoint an official committee of unsecured creditors in the case of Allonhill, LLC. The U.S. Trustee explained that there were insufficient response to the communication/contact for service on the committee. BETSEY JOHNSON: Net Loss Decreases to $81,878 in January -------------------------------------------------------- Betsey Johnson, LLC, on April 7, 2014, filed its monthly operating report for the month of Januay 2014. The Debtor incurred a $81,878 net loss on zero sales for the current reporting period, a slight decrease from the $107,614 net loss recorded in December. The Debtor listed total assets of $622,282, total liabilities of $9.36 million, and a total shareholders' deficit of -($8.74 million). The Debtor had $445,809 cash at the beginning of the month. It reported a total cash inflow of $7 and a total cash outflow of $13,028 for January. Thus, the Debtor had $432,788 cash at the end of the month. A copy of the monthly operating report is available at: http://bankrupt.com/misc/Betsey_533_morjanuary2014.pdf About Betsey Johnson New York-based women's fashion retailer Betsey Johnson LLC filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No. 12-11732) on April 26, 2012, to effectuate a sale of its assets. Formed as B.J. Vines by its namesake, iconic fashion designer Betsey Johnson in 1978, the Debtor sells clothing, footwear, handbags and a signature fragrance through 63 Betsey Johnson retail stores and outlets in the U.S. The Company, which has 400 employees, also sells its products in department and specialty stores worldwide, including Macy's and Lord & Taylor, and online at http://www.betseyjohnson.com/ Non-debtor subsidiaries operate five stores in Canada and one store in England. In 2010, Steven Madden Ltd. a footwear designer and marketer, swapped US$27.4 million of secured debt for ownership of Betsey Johnson's trademarks and intellectual property. The deal satisfied all outstanding debt under a US$50 million term loan used to finance the business' acquisition by Castanea Partners. At the same time, Castanea, the company's majority owner, made a new capital investment of US$3 million as part of the deal with Madden. Betsey Johnson estimated assets and debts of US$10 million to US$50 million as of the Chapter 11 filing. The Debtor tapped the law firm of Goulston & Storrs, as counsel; Togut, Segal & Segal, LLP, as co-counsel; and Donlin Recano & Company as claims and notice agent. The petition was signed by Jonathan Friedman, chief financial officer. Hahn & Hessen LLP serves as the Official Committee of Unsecured Creditors' counsel. In May 2012, Betsey Johnson received court approval to begin liquidation after the Debtor failed to attract going concern bidders. Liquidators Gordon Brothers Group Inc. and Hilco Merchant Resources LLC offered the top bid for the right to run the chain's going-out-of-business sales. The bid will bring the Debtor about $5.2 million immediately, and more money could trickle in to pay off its debts if the liquidation effort brings in more money than expected. Hilco is represented by Chris L. Dickerson, Esq., at DLA Piper LLP (US). Counsel for Steven Madden, Ltd., is Neil Herman, Esq., at Morgan, Lewis & Bockius LLP. Counsel for First Niagara Commercial Finance, Inc., the DIP Lender, is James C. Fox, Esq., at Ruberto, Israel & Weiner. Judge Robert E. Grosman has scheduled a confirmation hearing on Betsey Johnson LLC's Chapter 11 plan of liquidation to commence on April 8, 2014, at 10:00 a.m. (Prevailing Eastern Time). The judge set April 1, 2014, at 5:00 p.m., as the deadline for submitting objections to confirmation of the Plan. BETSEY JOHNSON: Earns $1.35 Million Net Income in February ---------------------------------------------------------- Betsey Johnson, LLC, on April 7, 2014, filed its monthly operating report for February 2014. The Debtor recorded a net income of $1.35 million on zero net sales in February, as compared to the $81,878 net loss reported in the previous month. The Debtor had $1.66 million in total assets, $9.04 million in total liabilities, and a total shareholders' deficit of -($7.38 million). At Feb. 1, the Debtor had $432,788 cash. It listed total cash inflow of $1.40 million and total cash outflow of $367,280. At the end of the month, the Debtor had $1.47 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/Betsey_534_morfebruary2014.pdf About Betsey Johnson New York-based women's fashion retailer Betsey Johnson LLC filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No. 12-11732) on April 26, 2012, to effectuate a sale of its assets. Formed as B.J. Vines by its namesake, iconic fashion designer Betsey Johnson in 1978, the Debtor sells clothing, footwear, handbags and a signature fragrance through 63 Betsey Johnson retail stores and outlets in the U.S. The Company, which has 400 employees, also sells its products in department and specialty stores worldwide, including Macy's and Lord & Taylor, and online at http://www.betseyjohnson.com/ Non-debtor subsidiaries operate five stores in Canada and one store in England. In 2010, Steven Madden Ltd. a footwear designer and marketer, swapped US$27.4 million of secured debt for ownership of Betsey Johnson's trademarks and intellectual property. The deal satisfied all outstanding debt under a US$50 million term loan used to finance the business' acquisition by Castanea Partners. At the same time, Castanea, the company's majority owner, made a new capital investment of US$3 million as part of the deal with Madden. Betsey Johnson estimated assets and debts of US$10 million to US$50 million as of the Chapter 11 filing. The Debtor tapped the law firm of Goulston & Storrs, as counsel; Togut, Segal & Segal, LLP, as co-counsel; and Donlin Recano & Company as claims and notice agent. The petition was signed by Jonathan Friedman, chief financial officer. Hahn & Hessen LLP serves as the Official Committee of Unsecured Creditors' counsel. In May 2012, Betsey Johnson received court approval to begin liquidation after the Debtor failed to attract going concern bidders. Liquidators Gordon Brothers Group Inc. and Hilco Merchant Resources LLC offered the top bid for the right to run the chain's going-out-of-business sales. The bid will bring the Debtor about $5.2 million immediately, and more money could trickle in to pay off its debts if the liquidation effort brings in more money than expected. Hilco is represented by Chris L. Dickerson, Esq., at DLA Piper LLP (US). Counsel for Steven Madden, Ltd., is Neil Herman, Esq., at Morgan, Lewis & Bockius LLP. Counsel for First Niagara Commercial Finance, Inc., the DIP Lender, is James C. Fox, Esq., at Ruberto, Israel & Weiner. Judge Robert E. Grosman has scheduled a confirmation hearing on Betsey Johnson LLC's Chapter 11 plan of liquidation to commence on April 8, 2014, at 10:00 a.m. (Prevailing Eastern Time). The judge set April 1, 2014, at 5:00 p.m., as the deadline for submitting objections to confirmation of the Plan. DIGITAL DOMAIN: Incurs $1.23 Million Net Loss in January -------------------------------------------------------- DDMG Estate, f/k/a/ Digital Domain Media Group, Inc., and its subsidiaries, on April 10, 2014, filed their monthly operating report for January 2014. The Debtors suffered a $1.23 million net loss on zero revenue for the month, an increase from the $633,267 net loss reported in December. The Debtors listed total assets of $13.16 million, total liabilities of $125.47 million, and a total shareholders' deficit of -($112.32 million). At January 1, the Debtors had $5.22 million cash. They recorded $59,014 in total receipts and $66,829 in total disbursements. The Debtors also incurred professional fees of $56,407. The Debtors had $5.21 million cash at month end. A copy of the monthly operating report is available at: http://bankrupt.com/misc/DIGITALDOMAINjan2014mor.pdf About Digital Domain Port St. Lucie, Florida-based Digital Domain Media Group, Inc. -- http://www.digitaldomain.com/-- engaged in the creation of original content animation feature films, and development of computer-generated imagery for feature films and trans-media advertising primarily in the United States. Digital Domain Media Group, Inc. and 13 affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 12-12568) on Sept. 11, 2012, to sell its business for $15 million to Searchlight Capital Partners LP, subject to higher and better offers. The Company disclosed assets of $205 million and liabilities totaling $214 million. The Debtors also have sought ancillary relief in Canada, pursuant to the Companies' Creditors Arrangement Act in the Supreme Court of British Columbia, Vancouver Registry. Attorneys at Pachulski Stang Ziehl & Jones serve as counsel to the Debtors. FTI Consulting, Inc.'s Michael Katzenstein is the chief restructuring officer. Kurtzman Carson Consultants LLC is the claims and notice agent. An official committee of unsecured creditors appointed in the case is represented by lawyers at Sullivan Hazeltine Allinson LLC and Brown Rudnick LLP. At a bankruptcy auction, the principal part of the business was purchased by a joint venture between Galloping Horse America LLC, an affiliate of Beijing Galloping Horse Co., and an affiliate of Reliance Capital Ltd., based in Mumbai. The $36.7 million total value of the contact includes $3.6 million to cure defaults on contracts and $2.9 million in reimbursement of payroll costs. As the result of a settlement negotiated by the unsecured creditors' committee with secured lenders, there will be some recovery for the committee's constituency. DIGITAL DOMAIN: Net Loss Slightly Up To $1.57 Million in February ----------------------------------------------------------------- DDMG Estate, f/k/a/ Digital Domain Media Group, Inc., and its subsidiaries, on April 16, 2014, filed their monthly operating report for February 2014. The Debtors recorded a net loss of $1.57 million on zero revenue for February, a slight increase from the $1.23 million net loss from the previous month. At Feb. 28, the Debtors reported total assets of $12.01 million, total liabilities of $125.90 million, and a total shareholders' deficit of -($113.89 million). The Debtors started the month with $5.21 million cash. They listed total receipts of $433,435 and total disbursements of $486,142. The Debtors spent $52,630 in professional fees. At the end of the month, the Debtors had $5.16 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/DIGITALDOMAINfeb2014mor.pdf About Digital Domain Port St. Lucie, Florida-based Digital Domain Media Group, Inc. -- http://www.digitaldomain.com/-- engaged in the creation of original content animation feature films, and development of computer-generated imagery for feature films and trans-media advertising primarily in the United States. Digital Domain Media Group, Inc. and 13 affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 12-12568) on Sept. 11, 2012, to sell its business for $15 million to Searchlight Capital Partners LP, subject to higher and better offers. The Company disclosed assets of $205 million and liabilities totaling $214 million. The Debtors also have sought ancillary relief in Canada, pursuant to the Companies' Creditors Arrangement Act in the Supreme Court of British Columbia, Vancouver Registry. Attorneys at Pachulski Stang Ziehl & Jones serve as counsel to the Debtors. FTI Consulting, Inc.'s Michael Katzenstein is the chief restructuring officer. Kurtzman Carson Consultants LLC is the claims and notice agent. An official committee of unsecured creditors appointed in the case is represented by lawyers at Sullivan Hazeltine Allinson LLC and Brown Rudnick LLP. At a bankruptcy auction, the principal part of the business was purchased by a joint venture between Galloping Horse America LLC, an affiliate of Beijing Galloping Horse Co., and an affiliate of Reliance Capital Ltd., based in Mumbai. The $36.7 million total value of the contact includes $3.6 million to cure defaults on contracts and $2.9 million in reimbursement of payroll costs. As the result of a settlement negotiated by the unsecured creditors' committee with secured lenders, there will be some recovery for the committee's constituency. FRESH & EASY: Records $191,218 Net Loss at March 31 --------------------------------------------------- Fresh & Easy Neighborhood Market Inc, and its affiliates, on April 21, 2014, filed their monthly operating report for the period from February 24 to March 31, 2014. The Debtors suffered a net loss of $191,218 on zero sales for the current reporting period, a big decrease from the $6.17 million net loss reported at Feb. 23. At March 31, the Debtors recorded total assets of $123.32 million, total liabilities of $833.29 million, and a total shareholders' deficit of -($709.97 million). At Feb. 24, the Debtors had $73.99 million cash. They listed $51.64 million in total receipts and $3.21 million in total disbursements for the month, which include $2.72 million in professional fees. Thus, the Debtors had an ending cash of $122.41 million at the end of the period. A copy of the monthly operating report is available at: http://bankrupt.com/misc/FRESH&EASYfeb-march2014mor.pdf About Fresh & Easy Neighborhood Fresh & Easy Neighborhood Market Inc., and its affiliate filed Chapter 11 petitions (Bankr. D. Del. Case Nos. 13-12569 and 13-12570) on Sept. 30, 2013. The petitions were signed by James Dibbo, chief financial officer. Judge Kevin J. Carey presides over the case. Fresh & Easy owes $738 million to Cheshunt, England-based Tesco, the U.K.'s biggest retailer. Fresh & Easy never made a profit and lost an average of $22 million a month in the 12 months ended in February, according to court papers. Jones Day serves as lead bankruptcy counsel. Richards, Layton & Finger, P.A., serves as local Delaware counsel. Alvarez & Marsal North America, LLC, serves as financial advisors, and Alvarez & Marsal Securities, LLC, serves as investment banker. Prime Clerk LLC acts as the Debtors' claims and noticing agent. Gordon Brothers Group, LLC, and Tiger Capital Group, LLC, serves as the Debtors' consultant. The Debtors estimated assets of at least $100 million and liabilities of at least $500 million. Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed five creditors to serve in the Official Committee of Unsecured Creditors in the Chapter 11 cases of Fresh & Easy Neighborhood Market Inc., et al. Pachulski Stang Ziehl & Jones LLP serves as counsel to the Committee. FTI Consulting, Inc. serves as its financial advisor. The Debtors closed, on or about Nov. 26, 2013, the sale of about 150 supermarkets plus a production facility in Riverside, California, to Ron Buckle's Yucaipa Cos. Pursuant to the sale terms, the bankruptcy company changed its name, and the name of the case, to Old FENM Inc. GOLDKING HOLDINGS: Ends February With $669,257 ---------------------------------------------- Goldking Holdings, et al., on March 19, 2014, filed their monthly operating report for the month of February 2014. The Debtors' statement of income showed a net loss of $746,312 on revenues of $724,818 for the current reporting period, a decrease from the $1.34 million net loss reported in the previous month. At Feb. 28, the Debtors listed total assets of $60.45 million, total liabilities of $23.56 million, and a total shareholders' equity of $36.89 million. At Feb. 1, the Debtors had $1.19 million cash. They recorded $1.58 million in total receipts and $2.11 million in total disbursements. The Debtors lso incurred $542,414 in professional fees. Thus, at the end of the month, the Debtors had $669,257 in cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/Goldking_423_morfeb2014.pdf About Goldking Holdings Goldking Holdings LLC, an oil-and-gas exploration company based in Houston, sought bankruptcy protection (Bankr. D. Del. Case No. 13-12820) in Wilmington, Delaware, on Oct. 30, 2013, from creditors with plans to sell virtually all its assets. Goldking Onshore Operating, LLC, and Goldking Resources, LLC, also sought creditor protection. The cases were initially assigned to Delaware Judge Brendan Linehan Shannon. On Nov. 20, 2013, Judge Shannon granted the request of Goldking's former CEO Leonard C. Tallerine Jr. and Goldking Capital LT Corp., to move the Chapter 11 case to Houston, Texas (Bankr. S.D. Tex. Case No. 13-37200). Mr. Tallerine owns a nearly 6% stake in the company through an entity called Goldking LT Capital Corp. The Debtors are represented by Scott W. Everett, Esq., and Christopher L. Castillo, Esq., at Haynes and Boone, LLP. Edmon L. Morton, Esq., and Robert F. Poppiti, Jr., Esq., at Young, Conaway, Stargatt & Taylor, LLP, in Wilmington, Delaware, serve as the Debtors' co-counsel. The Debtors' notice, claims, solicitation and balloting agent is Epiq Bankruptcy Solutions, LLC. Lantana Oil & Gas Partners was initially hired as the Debtors' financial advisors. In December 2013, the Debtors won Court approval to employ E-Spectrum Advisors LLC, led by its CEO Coy Gallatin, as asset sale advisor. Alvarez & Marsal Global Forensic and Dispute Services, LLC, has been engaged to provide computer forensics and related services. Goldking Holdings disclosed $16,170 in assets and $11,484,881 in liabilities as of the Chapter 11 filing. Judy A. Robbins, United States Trustee for the Southern District of Texas, appointed a three-member official committee of unsecured creditors. Brinkman Portillo Ronk, APC, serves as counsel to the Committee, and Okin & Adams LLP as local counsel. GOLDKING HOLDINGS: Net Loss Decreases to $436,565 in March ---------------------------------------------------------- Goldking Holdings, et al., on April 21, 2014, filed their monthly operating report for March 2014. The Debtors incurred a $436,565 net loss on $676,802 net revenue for the month, as compared to the $746,312 net loss in February. The Debtors recorded total assets of $60.12 million, total liabilities of $23.67 million, and a total shareholders' equity of $36.45 million. The Debtors started the month with $669,257 cash. They listed total receipts of $1.17 million and total disbursements of $1.14 million. The Debtors spent $153,434 on professional fees. At the end of the month, the Debtors had $700,709 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/Goldking_473_mormarch2014.pdf About Goldking Holdings Goldking Holdings LLC, an oil-and-gas exploration company based in Houston, sought bankruptcy protection (Bankr. D. Del. Case No. 13-12820) in Wilmington, Delaware, on Oct. 30, 2013, from creditors with plans to sell virtually all its assets. Goldking Onshore Operating, LLC, and Goldking Resources, LLC, also sought creditor protection. The cases were initially assigned to Delaware Judge Brendan Linehan Shannon. On Nov. 20, 2013, Judge Shannon granted the request of Goldking's former CEO Leonard C. Tallerine Jr. and Goldking Capital LT Corp., to move the Chapter 11 case to Houston, Texas (Bankr. S.D. Tex. Case No. 13-37200). Mr. Tallerine owns a nearly 6% stake in the company through an entity called Goldking LT Capital Corp. The Debtors are represented by Scott W. Everett, Esq., and Christopher L. Castillo, Esq., at Haynes and Boone, LLP. Edmon L. Morton, Esq., and Robert F. Poppiti, Jr., Esq., at Young, Conaway, Stargatt & Taylor, LLP, in Wilmington, Delaware, serve as the Debtors' co-counsel. The Debtors' notice, claims, solicitation and balloting agent is Epiq Bankruptcy Solutions, LLC. Lantana Oil & Gas Partners was initially hired as the Debtors' financial advisors. In December 2013, the Debtors won Court approval to employ E-Spectrum Advisors LLC, led by its CEO Coy Gallatin, as asset sale advisor. Alvarez & Marsal Global Forensic and Dispute Services, LLC, has been engaged to provide computer forensics and related services. Goldking Holdings disclosed $16,170 in assets and $11,484,881 in liabilities as of the Chapter 11 filing. Judy A. Robbins, United States Trustee for the Southern District of Texas, appointed a three-member official committee of unsecured creditors. Brinkman Portillo Ronk, APC, serves as counsel to the Committee, and Okin & Adams LLP as local counsel. GRIDWAY ENERGY: Projects $43-Mil. in Total Receipts Thru July ------------------------------------------------------------- Gridway Energy Holdings, Inc., et al., filed an initial monthly operating report on April 23, 2014. The Initial MOR includes a cash flow statement for the 15-week period covering the week of April 10, 2014 through the week of July 17, 2014. The Debtors project cash receipts to total $43 million, and disbursements to total $71.34 million for the 15-week period. Disbursements include $49.45 million in relation to COG Energy, $7.45 million in tax, and $3.77 million in Payroll and Contractors. The Initial MOR also includes a schedule of retainers paid to professionals in 2014. Among the Debtors' bankruptcy professionals are Young Conaway, Patton Boggs and Rust Omni. A copy of the initial MOR is available at: http://bankrupt.com/misc/VERTISHOLDINGSfeb2014mor.pdf About Gridway Energy Gridway Energy Holdings, Inc., and its affiliates, including Glacial Energy Holdings -- providers of electricity and natural gas in markets that have been restructured to permit retail competition -- sought Chapter 11 bankruptcy protection (Bankr. D. Del. Lead Case No. 14-10833) on April 10, 2014. The Debtors have 200,000 electric residential customers and 55,000 gash residential customers across the U.S. A large portion of the customers' energy consumption and revenue is generated in the northeast U.S., Ohio, Illinois and Texas (collectively accounting for 80% of revenue), with the remaining portion coming from California and other states. The Debtors blamed bankruptcy due to lower revenue brought by increased market competition, which caused the Debtors to default on certain of their obligations. Gridway defaulted on $60 million of debt. Prepetition, the Debtors negotiated a stock purchase transaction with an interested buyer. But in March 2014, the purchaser withdrew from the transaction because of the large amount of debt that the purchaser would become liable through a stock transaction. The Debtors have tapped Patton Boggs LLP as counsel, Young, Conaway, Stargatt & Taylor, LLP, as local counsel, and Omni Management Group, LLC, as claims and notice agent. Gridway Energy estimated assets of $500 million to $1 billion and debt of more than $1 billion. HOSTESS BRANDS: Records $3.76 Million Net Loss at March 8 --------------------------------------------------------- Hostess Brands, Inc., et al.,on April 11, 2014, filed their monthy operating report for the period from Feb. 9 to March 8, 2014. The Debtors incurred net losses of $3.76 million on zero revenue for the month, a decrease from the $6.21 million net loss recorded at Feb. 8. At March, the Debtors had $218.61 million in total assets, $2.66 billion in total liabilities, and -($2.44 billion) total shareholders' deficit. At Feb. 9, the Debtors had $30.66 million cash. They listed total receipts of $1.07 million and total disbursements of $1.27 million. The Debtors also reported professional fees of $379,000. The Debtors had $30.47 million cash at the end of the reporting period. A copy of the monthly operating report is available at: http://bankrupt.com/misc/HOSTESSBRANDSfeb-march2014mor.pdf About Hostess Brands Founded in 1930, Irving, Texas-based Hostess Brands Inc., is known for iconic brands such as Butternut, Ding Dongs, Dolly Madison, Drake's, Home Pride, Ho Hos, Hostess, Merita, Nature's Pride, Twinkies and Wonder. Hostess has 36 bakeries, 565 distribution centers and 570 outlets in 49 states. Hostess filed for Chapter 11 bankruptcy protection early morning on Jan. 11, 2011 (Bankr. S.D.N.Y. Case Nos. 12-22051 through 12-22056) in White Plains, New York. Hostess Brands disclosed assets of $982 million and liabilities of $1.43 billion as of the Chapter 11 filing. The bankruptcy filing was made two years after predecessors Interstate Bakeries Corp. and its affiliates emerged from bankruptcy (Bankr. W.D. Mo. Case No. 04-45814). In the new Chapter 11 case, Hostess has hired Jones Day as bankruptcy counsel; Stinson Morrison Hecker LLP as general corporate counsel and conflicts counsel; Perella Weinberg Partners LP as investment bankers, FTI Consulting, Inc. to provide an interim treasurer and additional personnel for the Debtors, and Kurtzman Carson Consultants LLC as administrative agent. Matthew Feldman, Esq., at Willkie Farr & Gallagher, and Harry Wilson, the head of turnaround and restructuring firm MAEVA Advisors, are representing the Teamsters union. Attorneys for The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union and Bakery & Confectionery Union & Industry International Pension Fund are Jeffrey R. Freund, Esq., at Bredhoff & Kaiser, P.L.L.C.; and Ancela R. Nastasi, Esq., David A. Rosenzweig, Esq., and Camisha L. Simmons, Esq., at Fulbright & Jaworski L.L.P. The official committee of unsecured creditors selected New York law firm Kramer Levin Naftalis & Frankel LLP as its counsel. Tom Mayer and Ken Eckstein head the legal team for the committee. Hostess Brands in mid-November 2012 opted to pursue the orderly wind down of its business and sale of its assets after the Bakery, Confectionery, Tobacco and Grain Millers Union (BCTGM) commenced a nationwide strike. The Debtor failed to reach an agreement with BCTGM on contract changes. Hostess Brands sold its businesses and most of the plants to five different buyers for an aggregate of $860 million. Hostess still has some plants, depots and other facilities the buyers didn't acquire. The bankruptcy estate has changed its name to Old HB Inc. KIDSPEACE CORP: Net Income Slightly Up to $688,748 in February -------------------------------------------------------------- KidsPeace Corporation, on April 2, 2014, filed its monthly operating report for February 2014. The Debtor's statement of operations showed a net income of $688,748 on net revenue of $226,347 for February, a slight increase from the $601,963 net income listed the previous month. The Debtor had total assets of $170.12 million, total liabilities of $150.98 million, and a total shareholders' equity of $19.14 million. The Debtor had $6.45 million cash at the beginning of the month. It reported $7.93 million in total receipts and $8.80 million in total disbursements. Disbursements include $507,030 in professional fees. Thus, at month end, the Debtor had $5.58 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/KIDSPEACECORPfeb2014mor.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. LONGVIEW POWER: Lists $730MM Total Shareholders' Equity in March ---------------------------------------------------------------- Longview Power, LLC, et al., on April 25, 2014, filed their monthly operating report for March 2014. The Debtors suffered a $3.92 million net loss on a $20.88 million total revenue for the month, as compared to the $3.26 million net income reported in the previous month. At March 31, the Debtors had $1.74 billion in total assets, $1.01 billion in total liabilities, and a $730.62 million total shareholders' equity. The Debtors had $49.27 million cash at the beginning of the month. They listed $53.74 million in total receipts and $47.56 million in total disbursements for the month. The Debtors also incurred professional fees of $5.13 million. Thus, at month end, the Debtors had $55.45 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/LONGVIEWPOWERmarch2014mor.pdf About Longview Power LLC Longview Power LLC is a special purpose entity created to construct, own, and operate a 695 MW supercritical pulverized coal-fired power plant located in Maidsville, West Virginia, just south of the Pennsylvania border and approximately 70 miles south of Pittsburgh. The project is owned 92% by First Reserve Corporation (First Reserve or sponsor), a private equity firm specializing in energy industry investments, through its affiliate GenPower Holdings (Delaware), L.P., and 8% by minority interests. Longview Power, LLC, filed a Chapter 11 (Bank. D. Del. Lead Case. 13-12211) on Aug. 30, 2013. The petitions were signed by Jeffery L. Keffer, the Company's chief executive officer, president, treasurer and secretary. The Debtor estimated assets and debts of more than $1 billion. Judge Brendan Linehan Shannon presides over the case. Kirkland & Ellis LLP and Richards, Layton & Finger, P.A., serve as the Debtors' counsel. Lazard Freres & Company LLC acts as the Debtors' investment bankers. Alvarez & Marsal North America, LLC, is the Debtors' restructuring advisors. Ernst & Young serves as the Debtors' accountants. The Debtors' claims agent is Donlin, Recano & Co. Inc. The Debtor disclosed assets of $1,717,906,595 plus undisclosed amounts and liabilities of $1,075,748,155 plus undisclosed amounts. Roberta A. DeAngelis, U.S. Trustee for Region 3, disclosed that as of September 11, 2013, a committee of unsecured creditors has not been appointed in the case due to insufficient response to the U.S. Trustee's communication/contact for service on the committee. A copy of the monthly operating report is available at: http://bankrupt.com/misc/IPCINTERNATIONALdec2013mor.pdf MEE APPAREL: Projects $9.98-Mil. in Total Receipts Thru June 2014 ----------------------------------------------------------------- MEE Apparel LLC, filed an initial monthly operating report on April 17, 2014. The Initial MOR includes a cash flow projection for the 13-week period from the week ended April 5 through the week ended June 28, 2014. The Debtor projects cash receipts to total $9.98 million and cash payments to total $16.83 million for the 13-week period. The disbursements include $6.91 million in operating expenses, $3.29 million in inventory purchases and $3.03 million in restructuring costs. The Initial MOR also includes a schedule of retainers paid to professionals in 2014. Among the Debtor's bankruptcy professionals are Cole Schotz, Innovation Capital and Prime Clerk. A copy of the Initial MOR is available at: http://bankrupt.com/misc/MEEApparel_123_mor.pdf About MEE Apparel Founded in 1993 by Marc Ecko, Gerszberg and Marci Tapper, MEE Apparel LLC and MEE Direct LLC are providers of youth apparel and streetwear under the "Ecko Unltd." and "Unltd." brands. Evolving from just six t-shirts and a can of spray paint, MEE has become a full scale global fashion and lifestyle company. In 2013, MEE Apparel generated gross sales of approximately $50 million. MEE Apparel LLC and MEE Direct LLC filed Chapter 11 bankruptcy petitions (Bankr. D.N.J. Case Nos. 14-16484 and 14-16486) on April 2, 2014. The Debtors have a deal to sell the assets to owner and lender Seth Gerszberg's Suchman, LLC, at a bankruptcy court-sanctioned auction. As of the Petition Date, the Debtors had assets of approximately $30 million and liabilities of $62 million, including $25 million of debt outstanding to unsecured creditors. Judge Christine M. Gravelle presides over the Chapter 11 cases. Cole, Schotz, Meisel, Forman & Leonard, P.A., serves as the Debtor's counsel. Prime Clerk LLC is the Debtor's claims and noticing agent. Innovation Capital, LLC, acts as the Debtor's investment banker. The petitions were signed by Jeffrey L. Gregg as chief restructuring officer. METEX MFG: Records $1.80 Million Cash Balance at February End ------------------------------------------------------------- Metex Mfg. Corporation, on March 19, 2014, filed its monthly operating report for the month of February 2014. The Debtor had a $55,393 cash profit for the month on $63,463 total income. At Feb. 28, the Debtor listed total assets of $5.92 million, total liabilities of $9.43 million, and a total shareholders' deficit of -($3.51 million). At Feb. 1, the Debtor had $1.75 million cash. It recorded $63,463 in total receipts and $8,070 total disbursements for the month. At month end, the Debtor had $1.80 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/METEXMFGfeb2014mor.pdf About Metex Great Neck, New York-based Metex Mfg. Corporation, formerly known as Kentile Floors, Inc., started business in the late 1800's as a manufacturer of cork tile, and thereafter progressed to making composite tile for commercial and residential use. Metex filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case No. 12-14554) on Nov. 9, 2012. The petition was signed by Anthony J. Miceli, president. The Debtor estimated its assets and debts at $100 million to $500 million. Judge Burton R. Lifland presides over the case. Paul M. Singer, Esq., and Gregory L. Taddonio, Esq., at Reed Smith LLP, in Pittsburgh, Pa.; and Paul E. Breene, Esq., and Michael J. Venditto, Esq., at Reed Smith LLP, in New York, N.Y., represent the Debtor as counsel. In connection with the case, the U.S. Trustee appointed a committee of five individual asbestos plaintiffs asserting claims against Kentile. The plaintiffs are represented by five law firms: Belluck & Fox; Weitz & Luxenberg, P.C.; Early Lucarelli Sweeney & Strauss; Cooney & Conway; and Gori Julian & Associates, PC. The Asbestos Claimants Committee engaged Caplin & Drysdale, Chartered, as its bankruptcy counsel, Gilbert LLP as its special insurance counsel, Legal Analysis Systems, Inc., as its consultant, and Charter Oak Financial Consultants, LLC, as its financial advisor. On Jan. 16, 2013, the Bankruptcy Court appointed Lawrence Fitzpatrick as the Future Claimants' Representative. Mr. Fitzpatrick engaged Young Conaway Stargatt & Taylor, LLP as his counsel, and Analysis Research & Planning as his econometrician. METRO FUEL: Ends March With $17.55 Million Cash ----------------------------------------------- Metro Fuel Oil Corp., et al., on April 21, 2014, filed their monthly operating report for March 2014. The Debtors recorded a net loss of $201,582 and zero profit for the month, a decrease from the $313,624 net loss suffered in the previous month. The Debtor reported $17.74 million in total assets, $75.28 million in total liabilities, and a -($57.53 million) total shareholders' deficit. The Debtors started the month with $17.54 million cash. They listed total receipts of $12,838 and total disbursements of $359. At month end, the Debtors had $17.55 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/MetroFuel_822_mormarch2014.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. RAPID-AMERICAN CORP: Has $5.15 Million Cash at March 31 ------------------------------------------------------- Rapid-American Corporation, on April 8, 2014, filed a monthly operating report for the month of March 2014. The Debtor listed a $164 net income for the month. At March 1, the Debtor had $5.33 million cash. It recorded total receipts of $164 and total disbursements of $187,176. The Debtor spent $151,397 in professional fees for the month. Thus, at month end, the Debtor had $5.15 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/RapidAmerican_251_mormarch2014.pdf About Rapid-American Corp. Rapid-American Corp. filed for Chapter 11 bankruptcy protection in Manhattan (Bankr. S.D.N.Y. Case No. 13-10687) on March 8, 2013, to deal with debt related to asbestos personal-injury claims. New York-based Rapid-American was formerly a holding company with subsidiaries primarily engaged in retail sales and consumer products and was never engaged in an asbestos business of any kind. Through a series of merger transactions going back more than 45 years, Rapid has nevertheless incurred successor liability for personal injury claims arising from plaintiffs' exposure to asbestos-containing products sold by The Philip Carey Manufacturing Company -- Old Carey -- as that entity existed prior to June 1, 1967. Attorneys at Reed Smith LLP serve as counsel to the Debtor. The Debtor disclosed assets in excess of $4,446,261 and unknown liabilities. The Official Committee of Unsecured Creditors retained Caplin & Drysdale, Chartered, as counsel. Young Conaway Stargatt & Taylor, LLP, represents Lawrence Fitzpatrick, the Future Claimants' Representative, as counsel. SCOOTER STORE: Ends February With $1.67 Million Cash ---------------------------------------------------- The Scooter Store Holdings, Inc., et al., on March 25, 2014, filed their monthly operating report for the month of February 2014. The Debtors recorded a net loss of $284,344 on zero sales for the month, a decrease compared to the $402,335 net loss showed in their January MOR. The Debtors reported $2 million in total assets, $119.41 million in total liabilities, and a -($117.41 million) total shareholders' deficit. At Feb. 1, the Debtors had $1.83 million cash. They listed total receipts of $82,288 and total operating disbursements of $192,188 and total non-operating disbursements of $84,596. The Debtors incurred $84,596 in professional fees. At the end of the month, the Debtors had $1.67 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/SCOOTERSTOREfeb2014mor.pdf About The Scooter Store The Scooter Store is a supplier of power mobility solutions, including power wheelchairs, scooters, lifts, ramps, and accessories. The Scooter Store's products and services provide today's seniors and disabled persons potential alternatives to living in nursing homes or other care facilities. Headquartered in New Braunfels, Texas, the Scooter Store has a nationwide network of distribution centers that service products owned or leased by the Company's customers. It has 57 distribution centers in 41 states. Scooter Store Holdings Inc., and 71 affiliates filed for Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 13-10904) in Wilmington. The closely held company listed assets of less than $10 million and debt of more than $50 million. Affiliates of private equity firm Sun Capital Partners, based in Boca Raton, Florida, purchased a majority voting interest in the debtors in 2011. Scooter Store is 66.8 percent owned by Sun Capital Partners Inc., owed $40 million on a third lien. In addition to Sun's debt and $25 million on a second lien owing to Crystal Financial LLC, there is a $25 million first-lien revolving credit owing to CIT Healthcare LLC as agent. Crystal is providing $10 million in financing for bankruptcy. SCOOTER STORE: Reports $363,233 Net Loss in March ------------------------------------------------- The Scooter Store Holdings, Inc., et al., on April 22, 2014, filed their monthly operating report for March 2014. The Debtors incurred a $363,233 net loss on zero sales for the month, a slight increase from the $284,344 net loss reported in February. The Debtors had total assets of $2.02 million, total liabilities of $119.79 million, and a total shareholders' deficit of -($117.77 million). The Debtors started the month with $1.60 million cash. They recorded $107,768 in total cash receipts and $At Feb. 1, the Debtors had $1.83 million cash. It listed total receipts of $82,288 and total operating disbursements of $16,524 and total non-operating disbursements of $91,244. At month end, the Debtors had $1.69 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/SCOOTERSTOREmarch2014mor.pdf About The Scooter Store The Scooter Store is a supplier of power mobility solutions, including power wheelchairs, scooters, lifts, ramps, and accessories. The Scooter Store's products and services provide today's seniors and disabled persons potential alternatives to living in nursing homes or other care facilities. Headquartered in New Braunfels, Texas, the Scooter Store has a nationwide network of distribution centers that service products owned or leased by the Company's customers. It has 57 distribution centers in 41 states. Scooter Store Holdings Inc., and 71 affiliates filed for Chapter 11 bankruptcy (Bankr. D. Del. Lead Case No. 13-10904) in Wilmington. The closely held company listed assets of less than $10 million and debt of more than $50 million. Affiliates of private equity firm Sun Capital Partners, based in Boca Raton, Florida, purchased a majority voting interest in the debtors in 2011. Scooter Store is 66.8 percent owned by Sun Capital Partners Inc., owed $40 million on a third lien. In addition to Sun's debt and $25 million on a second lien owing to Crystal Financial LLC, there is a $25 million first-lien revolving credit owing to CIT Healthcare LLC as agent. Crystal is providing $10 million in financing for bankruptcy. ST FRANCIS' HOSPITAL: Ends February With $2.51 Million Cash ----------------------------------------------------------- St. Francis' Hospital, Poughkeepsie, New York, on April 14, 2014, filed its monthly operating report for February 2014. The Debtors suffered a $3.33 million net loss from operations on $10.15 million net patient service revenue for the month, an increase from the $2.49 million net loss listed in January. At Feb. 28, the Debtor listed $137.40 million in total assets, $135.53 million in total liabilities, and a $1.86 million total shareholders' equity. The Debtor had $2.75 million cash at the beginning of the month.. It reported total receipts of $24.07 million and total disbursements of $24.15 million. Thus, at month end, the Debtor had $2.51 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/StFrancis_557_morfeb2014.pdf About St. Francis' Hospital St. Francis' Hospital, Poughkeepsie, New York, and four affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 13-37725) on Dec. 17, 2013. The case is assigned to Judge Cecelia G. Morris. The Debtors are represented by Christopher M. Desiderio, Esq., Daniel W. Sklar, Esq., and Lee Harrington, Esq., at Nixon Peabody LLP, in New York. Their financial adviser is CohnReznick Advisory Group; and the investment banker is Deloitte Corporate Finance LLC. BMC Group is the claims and notice agent. The U.S. Trustee has appointed a five-member official committee of unsecured creditors. The Creditors' Committee tapped Alston & Bird LLP as counsel, and CBIZ Accounting, Tax & Advisory of New York, LLC, as financial advisor. On Jan. 30, 2014, Barry Bliss of Gibbons, P.C., was named as patient care ombudsman in the Debtors' cases. YARWAY CORPORATION: Net Loss Increases to $1.33 Million in March ---------------------------------------------------------------- Yarway Corporation, on April 21, 2014, filed a monthly operating report for March 2014. The Debtor incurred a $1.33 million net loss for the reporting period, an increase from the $608,577 net loss suffered in February. The Debtors recored total assets of $102.66 million, total liabilities of $257.92 million, and a total shareholders' deficit of -($155.24 million). The Debtor had $10.50 million cash at the start of the month. It reported zero receipts and $138,307 in total disbursements for the month. Thus, the Debtor had $10.36 million cash at March 31. A copy of the monthly operating report is available at: http://bankrupt.com/misc/Yarway_448_mormarch2014.pdf About Yarway Corporation Yarway Corporation sought Chapter 11 protection (Bankr. D. Del. Case No. 13-11025) on April 22, 2013, to deal with claims arising from asbestos containing products it allegedly sold as early as the 1920s. Yarway was founded in 1908 by Robert Yarnall and Bernard Waring as the Simplex Engineering Company and originally manufactured pipe clamps, steam traps, valves and controls. Based in Pennsylvania, Yarway was a privately-owned company until 1986 when KeyStone International, Inc. bought equity in the company. Yarway became a unit of Tyco International Ltd. when Tyco purchased KeyStone in 1997. Yarway's asbestos-related liabilities derive from Yarway's (i) purported use of asbestos-containing gaskets and packing, manufactured by others, in its production of steam valves and traps from the 1920s to 1970s, and (ii) alleged manufacture of expansion joint packing that was allegedly made up of a compound of Teflon and asbestos from the 1940s to the 1970s. Over the past five years, about 10,021 new asbestos claims have been asserted against Yarway, including 1,014 in Yarway's 2013 fiscal year ending March 31, 2013. The Debtor estimated assets and debts in excess of $100 million as of the Chapter 11 filing. Attorneys at Cole, Schotz, Meisel, Forman & Leonard, P.A. and Sidley Austin LLP serve as the Debtor's counsel in the Chapter 11 case. Logan and Co. is the claims and notice agent. On May 6, 2013, the U.S. Trustee for Region 3, appointed an official committee of asbestos personal injury claimants. The Committee tapped Elihu Inselbuch, Esq. at Caplin & Drysdale, Chartered, as lead bankruptcy counsel. ********* 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. 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