TCR_Public/150113.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, January 13, 2015, Vol. 19, No. 13

                            Headlines

ACG CREDIT: Has Until April 14 to Solicit Plan Acceptances
AIRCASTLE LIMITED: Moody's Hikes Sr. Unsecured Debt Rating to Ba2
ALCO STORES: Committee Drops Objection to Incentive Plan
ALCO STORES: Sells Real Estate and Lease Rights
AMERLINK LTD: Bank. Court Won't Halt "Newton" & "Diorio" Actions

BAYOU SHORES: Florida Nursing Home Emerges From Bankruptcy
BIOLITEC INC: 2nd Cir. Dismisses Appeal, Parent Can't Intervene
BODY CENTRAL: Closes 265 Stores, Will Liquidate Under State Law
CAESARS ENTERTAINMENT: Amends Proposed Restructuring Term Sheet
CAESARS ENTERTAINMENT: Appaloosa et al. File Involuntary Bankr.

CAESARS ENTERTAINMENT: Opco Involuntary Chapter 11 Case Summary
CAMBRIDGE ACADEMY: Fitch Affirms BB- Rating on $8.2MM 2010 Bonds
CASH STORE: Issues No-Action Letter on Nat'l Money Mart Deal
CENTENE CORP: Moody's Maintains Ba2 Sr. Unsecured Debt Rating
CENTRAL OKLAHOMA: Files Plan of Reorganization

CENTRAL OKLAHOMA: Wants Plan Outline Deadline Extended to Feb. 15
CHINOOK USA: Case Summary & 20 Largest Unsecured Creditors
CITGO PETROLEUM: Fitch Cuts IDR to B & Alters Outlook to Stable
CITIUS PHARMACEUTICALS: Wolf & Co. Raises Going Concern Doubt
COMMUNITY MEMORIAL: Gets Approval to Settle PBGC Claims

COSO GEOTHERMAL: Fitch Affirms 'C' Rating on $629MM Certificates
CRATE MARINES: In Bankruptcy; Creditors' Meeting on Jan. 30
CRATE MARINES: Ontario Court Sets January 30 as Claims Bar Date
CRUMBS BAKESHOP: Committee Allowed to Settle Claims vs Lemonis
CRUMBS BAKESHOP: Gets Approval of Deal With Southeastern Bank

CSP TECHNOLOGIES: Moody's Assigns 'B3' Corporate Family Rating
CSP TECHNOLOGIES: S&P Assigns 'B' CCR; Outlook Stable
CYCLONE POWER: Needs Additional Capital to Support Operations
DENDREON CORP: Authorized to Implement Employee Incentive Plan
DIOCESE OF HELENA: Disclosure Statement Hearing on Jan. 14

DOMUM LOCIS: Jan. 14 Hearing on Motion to Stay Court Orders
EDUCATION MANAGEMENT: Milbank Advises Lenders in Restructuring
EGENIX INC: Meeting to Form Creditors' Panel Set for Jan. 22
ENDICOTT INTECONNECT: Plan Hearing Adjourned Until Jan. 22
ENERGY FUTURE: Committee Taps KCC as Administrative Agent

ENERGY FUTURE: Committee Taps Montgomery McCracken as Del. Counsel
ENERGY FUTURE: Jan. 13 Hearing on Employment of Stevens & Lee
ENERGY FUTURE: Panel Taps AlixPartners as Restructuring Advisor
ENERGY FUTURE: Panel Taps Sullivan & Cromwell as Counsel
ENERGY FUTURE: Taps Guggenheim Securities as Investment Banker

ENERGY FUTURE: Wants to Hire Goldin as Special Financial Advisor
EQUINIX INC: S&P Affirms 'BB' Corporate Credit Rating
EVE PROPERTIES: Case Summary & 6 Largest Unsecured Creditors
EXIDE TECHNOLOGIES: Has Backstop Deal With MacKay Shields, et al.
EXIDE TECHNOLOGIES: Seeks Bankruptcy Peace Plan w/ Creditors

F&H ACQUISITION: Has Until March 12, 2015 to Remove Actions
F&H ACQUISITION: Seeks April 13 Extension of Plan Filing Date
FALCON STEEL: Unit Wants to Sell Heavy Industrial Equipment
FALCON STEEL: US Trustee Appoints One More Committee Member
FISHER ISLAND: Abramson Law Group Must Produce Docs, Court Says

FOREST OIL: BlackRock No Longer a 5% Shareholder
GENERAL STEEL: Shareholders Elected 5 Directors to Board
GLOBAL GEOPHYSICAL: Amegy Bank Approved to Effectuate a Setoff
HEADWATERS INC: S&P Raises CCR to 'B+'; Outlook Stable
HEI INC: Section 341(a) Meeting Set for Jan. 29

HEI INC: Trying to Sell Some or All of Assets
INDEX RECOVERY: Liquidating Plan Declared Effective
INT'L MANUFACTURING: Seeks to Expand Diamond McCarthy Work
INTL MANUFACTURING: Jan. 21 Hearing on Community Ist's Stay Motion
ISC8 INC: Cybersecurity Firm to Sell Assets for $7.9 Million

ISC8 INC: Sale Hearing Scheduled for Jan. 29
J & B RESTAURANT: In Chapter 11 to Address Challenges
KIOR INC: Assets Could Go to Pasadena Investments
KIOR INC: Fights Mississippi's Bid to Convert Case to Chapter 7
KNEL ACQUISITION: S&P Assigns 'B' CCR & Rates $65MM Facility 'B'

LAKSHMI HOSPITALITY: Reorganization Case Closed After Dismissal
LIGHTSTREAM RESOURCES: S&P Lowers CCR to 'B'; Outlook Negative
LONGVIEW POWER: Siemens Joins Kvaerner's Bid for Stay Relief
MASSEY ENERGY: Judge Calls for New Trial in Long Legal Battle
MDU COMMUNICATIONS: KCG Americas Had 10% Stake at Dec. 31

METRO FUEL: Court Enters Case Dismissal Order
MILLICOM INT'L: Fitch Affirms 'BB+' Issuer Default Rating
MIRION TECHNOLOGIES: Moody's Assigns B2 CFR, Rates 1st Lien Loan B1
MISSISSIPPI PHOSPHATES: Committee Taps Burr & Forman as Counsel
MISSISSIPPI PHOSPHATES: Renewing BankDirect Financing Deal

MONTREAL MAINE: $200-Mil. Settlement Money Announced For Victims
MONTREAL MAINE: Settles Lac-Megantic Train Derailment Case
NAUTILUS HOLDINGS: Plan Hearing Adjourned Until Jan. 30
NEW LOUISIANA: Hearing Today on Exclusivity Extension
NEW MEDIA: Proposed Transaction No Impact on Moody's B2 CFR

NEW YORK CITY OPERA: NYCO-Led Sale Process Approved
NEWARK WATERSHED: Meeting to Form Creditors' Panel Set for Jan. 20
NII HOLDINGS: Jan. 28 Hearing on Disclosure Statement Approval
NNN 1818 MARKET STREET: Section 341(a) Meeting Set for Jan. 27
NUSTAR LOGISTICS: Fitch Affirms 'B+' Issuer Default Rating

NW VALLEY: Case Summary & 8 Largest Unsecured Creditors
PASSAIC HEALTHCARE: Jan. 14 Meeting to Form Creditors' Panel Set
PETRON ENERGY: Union Capital Reports 9.9% Equity Stake at Jan. 6
PHOENIX PAYMENT: Alert Services Sells $294K in Claims to TRC
POINT BLANK: $3MM in Claims Transferred in December 2014

POINT BLANK: Asks Court to Extend Deadline to Remove Suits
PPL CAPITAL: Fitch Withdraws 'BB+' Jr. Subordinated Notes Rating
PRIME TIME INT'L: Okayed to Sell Assets; Closing Conditions Waived
RADIOSHACK CORP: Salus Offers $500 Million Bankruptcy Loan
RESTORGENEX CORP: T. Boris Resigns as Gen. Counsel and Secretary

RICCO INC: Distribution of Real Estate Sale Proceeds Approved
RIVER TERRACE: Confirms Chapter 11 Reorganization Plan
RONALD GOLDIN: Court Rules on Validity of Automatic Stay
SAINT CATHERINE: To Be Auctioned on Jan. 14, Three Bids Expected
SCIENTIFIC LEARNING: Noel Moore Held 4.8% Stake as of Dec. 31

SEVEN COUNTIES: U.S. Trustee Balks at Plan Releases
SUNTECH AMERICA: Case Summary & 20 Largest Unsecured Creditors
TENGION INC: Kidney Drug Maker in Chapter 7 Liquidation
TMT GROUP: Seeks Court Approval to Purchase Vantage Shares
TRANS ENERGY: Amends Third Quarter 2014 Form 10-Q Report

UBL INTERACTIVE: Li & Company Expresses Going Concern Doubt
UNITED GILSONITE: DACA & TRC Acquire $53,000 in Claims
WALDORF NEVENS: Case Summary & 20 Largest Unsecured Creditors
WBH ENERGY: Court Issues Joint Administration Order
WBH ENERGY: Files List of Largest Unsecured Creditors

WBH ENERGY: Has Interim Authority to Use Cash Collateral
WBH ENERGY: Section 341(a) Meeting Scheduled for Feb. 10
WESTMORELAND COAL: S&P Retains 'B' CCR After $50MM Loan Add-On
[^] Large Companies With Insolvent Balance Sheet

                            *********

ACG CREDIT: Has Until April 14 to Solicit Plan Acceptances
----------------------------------------------------------
The U.S. Bankruptcy Court extended until April 14, 2015, ACG Credit
Company II LLC's exclusive period to solicit acceptances for its
plan of reorganization.

As reported in the Troubled Company Reporter on Sept. 22, 2014,
the Debtor filed with the Court its plan, which provides that on
the effective date, all of the Debtor's assets will be put into an
administrative trust.  The administrative trust will receive:

   (a) any assets of the Debtor not otherwise required to be paid
       to a holder of a secured claim;

   (b) all interests of ACG Finance Company, LLC and Fine Art
       Finance, LLC in the loans securing the obligations of the
       Debtor to SageCrest II, LLC, collateral securing those
       loans, and all rights against SageCrest II, LLC; and

   (c) Cash, which will be sufficient Cash to pay all Allowed
       Claims, including Administrative Claims, costs associated
       with the Administrative Trust, and United States Trustee
       fees, in full.

                       Treatment of Claims

The Administrative Trust will pay the Allowed Administrative
Expense Claim Cash in an amount equal to the Claim on the
Effective Date.

All outstanding fees payable to the Office of the United States
Trustee will be paid no later than 30 days after the Effective
Date or when those fees come due in the ordinary course.
Professional Fee Claims that are allowed by a Final Court Order
will be paid pursuant to the Plan.

The Claims and Equity Interests against the Debtor are classified
as: Class 1: Priority Tax Claims, Class 2: Secured Claims, Class
3: General Unsecured Claims and Class 4: Interests.

Each Holder of an Allowed Priority Tax Claim will receive, at the
option of the Administrative Trustee, in full satisfaction of the
Priority Tax Claim the amount of the unpaid Allowed Priority Tax
Claim in Cash on or as soon as reasonably practicable after the
later of (i) the Effective Date, and (ii) the date on which the
Priority Tax Claim becomes Allowed.  Prior to the Effective Date,
the Debtor will have the right to prepay at any time any Allowed
Priority Tax Claim without premium or penalty.

Each Holder of an Allowed Class 2 Secured Claim will receive, in
the discretion of the Administrative Trustee, in full satisfaction
of the Claim: (a) Cash equal to the Allowed Secured Claim; (b)
Reinstatement of the Allowed Secured Claim; (c) the Property
securing the Secured Claim; or (d) other treatment on other terms
and conditions as may be agreed upon by the parties.

The holders of Class 3 Claims will be Trust Beneficiaries under
the Administrative Trust Agreement.  Unless a Holder of an Allowed
Claim in Class 3 has been paid by the Debtor prior to the
Effective Date or agrees to a less favorable treatment, each
Holder of an Allowed Claim in Class 3 will receive an amount, in
Cash, equal to the Allowed amount of those Claims in accordance
with the Administrative Trust Agreement and the Trust Beneficiary
Register.

Class 4 consists of all Interests in the Debtor.  Holders of Class
4 Interests will retain those Interests in the Debtor.

All Cash necessary for the funding of the Administrative Trust in
a sufficient amount to pay all Allowed Claims will be available
through a Letter of Credit under the terms provided for in the
Letter of Credit Agreement to the extent the cash is necessary to
pay all creditors in full the Amount of their Allowed Claim, and
pay all Administrative Claims, Administrative Trust costs and fees
of the United States Trustee in full.

On the Effective Date, the authority, power and incumbency of the
persons then acting as directors and officers of the Debtor will
remain in place.

A copy of the Plan is available for free at:

      http://bankrupt.com/misc/ACGCredit_Plan_08262014.pdf

                   About ACG Credit Company II

New York-based ACG Credit Company II, LLC, filed a Chapter 11
bankruptcy petition (Bankr. D. Del. Case No. 14-11500) on
June 17, 2014.  The Debtor estimated $10 million to $50 million in
assets and $1 million to $10 million in liabilities.  Ian Peck
signed the petition as director.  Gellert Scali Busenkell & Brown,
LLC, serves as the Debtor's counsel.

ACG Credit filed its Plan of Reorganization on Aug. 26, 2014.


AIRCASTLE LIMITED: Moody's Hikes Sr. Unsecured Debt Rating to Ba2
-----------------------------------------------------------------
Moody's Investors Service upgraded Aircastle Limited's senior
unsecured debt rating to Ba2 while affirming the company's Ba2
corporate family rating. Moody's also revised Aircastle's rating
outlook to positive from stable.

Ratings Rationale

The upgrade of Aircastle's senior unsecured debt rating reflects
growth in the company's unencumbered aircraft, reduced reliance on
secured indebtedness, and improved asset coverage of the company's
senior unsecured obligations. Aircastle's unencumbered flight
equipment increased to $2.9 billion at September 30, 2014, or 55%
of total leased aircraft, up from $2.7 billion (52%) at year-end
2013 and $2.1 billion (44%) at the end of 2012. Similarly, senior
unsecured debt grew to 60% of Aircastle's total debt at September
30, 2014 from 58% at year end 2013 and 49% at year end 2012,
reflecting a reduction in the firm's use of secured funding. At
September quarter end, unencumbered aircraft provided 1.3x coverage
(undiscounted) of Aircastle's $2.2 billion of senior unsecured
debt, up modestly from 1.25x and 1.20x at December 31, 2013 and
2012, respectively. In Moody's view, the gradual transition of
Aircastle's funding toward a greater proportion of senior unsecured
debt has also improved the company's financial and operational
flexibility.

During 2014, Aircastle aggressively sold older aircraft in its
fleet and invested in current-vintage, in-demand aircraft,
resulting in improved fleet composition that also strengthens
senior creditors' asset protection. Through September 30, 2014,
Aircastle sold 36 aircraft with an average age of 17 years to
unrelated parties and acquired seven newer wide-body and six
mid-aged narrow-body aircraft that reduced the weighted average age
of the company's fleet to 8.6 years from 9.9 years at year-end 2013
and 10.7 years at year-end 2012. Notwithstanding these
improvements, Aircastle's fleet has higher risk characteristics
compared to certain peers, including a higher average aircraft age
and a higher percentage of wide-body aircraft and freighters.
Moody's anticipates that Aircastle's aircraft investment and
portfolio management strategies will further improve fleet
composition, resulting in lower impairment risk and less volatile
earnings. Meanwhile, Aircastle has generated relatively stable cash
flows and maintained a strong liquidity position compared to its
manageable debt maturity profile over the next two years.

The change in Aircastle's rating outlook to positive is based on
the company's improved aircraft portfolio composition, more
flexible funding structure, and Moody's expectation that the
company will produce less volatile earnings while maintaining
moderate leverage.

Aircastle's ratings also reflect the company's competitive mid-tier
position within the aircraft leasing sector, its record of
profitable operations, and its history investing in and managing
mid-life commercial aircraft. The ratings also consider Aircastle's
adherence to a moderate leverage strategy, with debt/equity
measuring 2.2x at September 20, 2014.

Ratings could improve if Aircastle achieves sustainably higher
return on managed assets and further improves the risk profile of
its fleet while maintaining acceptable leverage and liquidity
levels.

Rating could be downgraded if Aircrastle's profitability
unexpectedly declines, leverage materially above 2.5x or the
company's liquidity runway weakens.

The following ratings were affected by the action:

  Corporate Family Rating: affirmed at Ba2

  Senior unsecured rating: to Ba2 from Ba3

  Senior unsecured shelf: to (P)Ba2 from (P)Ba3

  Subordinate shelf: to (P)Ba3 from (P)B1

  Preferred shelf -- non-cumulative: to (P)B2 from (P)B3

Preference shelf: to (P)B1 from (P)B2

Aircastle Limited is a commercial aircraft lessor headquartered in
Stamford, CT, with a $5.3 billion portfolio of flight equipment and
finance leases at September 30, 2014.

The principal methodology used in these ratings was Finance Company
Global Rating Methodology published in March 2012.



ALCO STORES: Committee Drops Objection to Incentive Plan
--------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of ALCO Stores, Inc., et al., has withdrawn its objection to
Debtors' motion to authorize and approve performance-based
incentives for key employees.

As a result, the U.S. Bankruptcy Court approved ALCO Stores' motion
for an order authorizing and approving the performance-based
incentives for key employees.

As previously reported by the TCR, the incentive plan proposes to
pay Alco's management and employees who would help the company
conduct sales in each of its stores while it operates its business.
Under the proposed plan, incentives will be provided to employees
and those part of the company's management, including Chief
Executive Officer Stan Latacha.   They are entitled to share in a
pool of funds equal to $220,500 upon consummation of all "store
closing" sales.  Meanwhile, the participants are entitled to share
in a pool of funds equal to $700,000 once a "going concern" sale is
consummated.  Mr. Latacha will receive $293,450, according to court
filings.  To receive payments under the incentive plan, the
participants are required to execute a general release of claims in
favor of the company.

The Committee, in its objection, stated that the Debtors sought
approval of a bonus plan that is designed to richly compensate
Stanley B. Latacha, as interim CEO of the Debtors, in addition to
providing smaller payments to certain of the Debtors' other
employees.  Under the Bonus Plan, Mr. Latacha would receive up to
$95,000, partially payable immediately upon approval of the motion
and subsequently payable upon the accomplishment of self-executing
and easily achievable sales metrics.

The Committee is represented by:

         Jay R. Indyke, Esq.
         Jeffrey L. Cohen, Esq.
         Seth Van Aalten, Esq.
         COOLEY LLP
         1114 Avenue of the Americas
         New York, NY 10036
         Tel: (212) 479-6000
         Fax: (212) 479-6275
         E-mail: jindyke@cooley.com
                 jcohen@cooley.com
                 svanaalten@cooley.com

         Judith W. Ross, Esq.
         Neil J. Orleans, Esq.
         LAW OFFICES OF JUDITH W. ROSS
         700 N. Pearl Street, Suite 1610
         Dallas, TX 75201
         Tel: (214) 377-7879
         Fax: (214) 377-9409
         E-mail: Judith.ross@judithwross.com
                 Neil.orleans@judithwross.com

                      About ALCO Stores

ALCO Stores, Inc., operates 198 stores in 23 states throughout the
central United States.  Alco offers 35,000 items at its stores,
which are located at smaller markets usually not served by other
regional or national broad line retail chains.  The company was
founded in 1901 as a general merchandising operation in Abilene,
Kansas.

ALCO is a public company, and its common stock is quoted on the
NASDAQ National Market tier of the NASDAQ Stock Market under the
ticker symbol "ALCS."

ALCO Stores and ALCO Holdings LLC sought Chapter 11 bankruptcy
protection (Bankr. N.D. Tex. Lead Case No. 14-34941) in Dallas,
Texas, on Oct. 12, 2014, with plans to let liquidators conduct
store closing sales or sell the business to a going-concern buyer.

Judge Stacey G. Jernigan presides over the Chapter 11 cases.

The Debtors have DLA Piper LLP (US) as counsel, Houlihan Lokey
Capital, Inc., as financial advisor, and Prime Clerk LLC as claims
and noticing agent.  Michael Moore has been named consultant to
the Debtors.

As of July 2014, ALCO Stores had assets totaling $222 million and
liabilities totaling $162 million.  The bulk of the liabilities
was total debt outstanding under a credit facility with Wells
Fargo Bank, National Association, of which the aggregate
outstanding was $104.2 million as of the Petition Date.

The U.S. Trustee for Region 6 appointed seven creditors to serve
in the official committee of unsecured creditors of ALCO Stores,
Inc.  The Law Office of Judith W. Ross serve as local counsel to
the Committee.


ALCO STORES: Sells Real Estate and Lease Rights
-----------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Alco Stores Inc., the discount retailer that
began going-out-of-business sales in November, received court
approval to sell some of its real estate along with store leases.

According to the report, for $5.35 million cash, subject to
adjustment, ShopKo Stores Operating Co. got properties in Tioga,
North Dakota, and Sidney, Montana, as well as so-called designation
right to 27 store leases.  The purchase price can include as much
as an additional $864,000, plus the assumption of other
obligations, the report related.

Moreover, the report said Alco also got approval to sell its
distribution center in Abilene, Kansas, to Orscheln Supply LLC for
$3 million; a property in Moab, Utah, to an affiliate of Cocca
Development Ltd. for approximately $1.4 million; and a property in
Truth or Consequences, New Mexico, to a TWR Company affiliate for
$300,000.

Furthermore, the court also approved the takeover of 12 Alco store
leases by Bomgaars Supply Inc. for a total of $2.4 million as well
as the takeover of a Watford City, North Dakota, lease by Home of
Economy Inc. for $750,000.

                      About ALCO Stores

ALCO Stores, Inc., operates 198 stores in 23 states throughout the
central United States.  Alco offers 35,000 items at its stores,
which are located at smaller markets usually not served by other
regional or national broad line retail chains.  The company was
founded in 1901 as a general merchandising operation in Abilene,
Kansas.

ALCO is a public company, and its common stock is quoted on the
NASDAQ National Market tier of the NASDAQ Stock Market under the
ticker symbol "ALCS."

ALCO Stores and ALCO Holdings LLC sought Chapter 11 bankruptcy
protection (Bankr. N.D. Tex. Lead Case No. 14-34941) in Dallas,
Texas, on Oct. 12, 2014, with plans to let liquidators conduct
store closing sales or sell the business to a going-concern buyer.

Judge Stacey G. Jernigan presides over the Chapter 11 cases.

The Debtors have DLA Piper LLP (US) as counsel, Houlihan Lokey
Capital, Inc., as financial advisor, and Prime Clerk LLC as claims
and noticing agent.  Michael Moore has been named consultant to
the Debtors.

As of July 2014, ALCO Stores had assets totaling $222 million and
liabilities totaling $162 million.  The bulk of the liabilities
was total debt outstanding under a credit facility with Wells
Fargo Bank, National Association, of which the aggregate
outstanding was $104.2 million as of the Petition Date.

The U.S. Trustee for Region 6 appointed seven creditors to serve
in the official committee of unsecured creditors of ALCO Stores,
Inc.  The Law Office of Judith W. Ross serve as local counsel to
the Committee.


AMERLINK LTD: Bank. Court Won't Halt "Newton" & "Diorio" Actions
----------------------------------------------------------------
In the case, JOHN M. BARTH, Plaintiff, v. RICHARD SPOOR, Defendant,
Adv. Proc. No. 14-00145-8-RDD (E.D.N.C.), which is related to the
Chapter 7 bankruptcy case of AmerLink Ltd., Bankruptcy Judge Randy
D. Doub ruled on:

    -- the Motion to Dismiss filed by defendant Richard Spoor,
founder of AmerLink, and who, at various times, was the CEO,
Treasurer, Chairman of the Board and majority shareholder of
AmerLink;

     -- the response of John M. Barth in opposition to the Motion
to Dismiss.  Mr. Barth's son, John Jr., became President and CEO of
AmerLink in 2006;

     -- the Motion for Injunctive Relief Barring Vexatious
Litigation and the Memorandum in Support of Motion for Injunctive
Relief filed by Barth.

The Complaint sought a declaratory judgment and injunctive relief
not only against Spoor in a state court action (Spoor v. Barth, 11
CVS 15178) but against two other classes of plaintiffs in Newton
(Newton v. Barth, 14 CVS 6788) and Diorio (Diorio Forest Products,
Inc. v. Barth 14 CVS 10215) to which Spoor is not a party. However,
those classes of plaintiffs were not joined in this adversary
proceeding.

In his December 19, 2014 Order, a copy of which is available at
http://is.gd/o7QdL4from Leagle.com, Judge Doub held that any
judgment by the Court affecting the litigation in which these
classes are parties would impair or impede the classes' ability to
protect their interest. The Court cannot grant complete relief
among the existing parties in the adversary proceeding. Spoor does
not adequately represent the interests of the Newton and Diorio
classes, and is further not a plaintiff in either of those
proceedings.

"This Court finds that the parties in Newton and Diorio are
necessary parties and therefore this Court cannot enter a final
judgment affecting the parties' rights in their absence," Judge
Doub said.  "Therefore, the Motion for Injunctive Relief Barring
Vexatious Litigation is denied. The Motion to Dismiss filed by the
Defendant, Richard Spoor is granted. The adversary proceeding is
dismissed."

AmerLink filed a voluntary Chapter 11 bankruptcy petition (Bankr.
E.D.N.C. Case No. 09-01055-8-RDD) on February 11, 2009.  On
November 23, 2009, the Bankruptcy Court entered an order converting
the Debtor's Chapter 11 case to a case under Chapter 7.  Steven L.
Beaman was appointed Chapter 11 Trustee in the case, and became the
Chapter 7 Trustee upon conversion of the case.


BAYOU SHORES: Florida Nursing Home Emerges From Bankruptcy
----------------------------------------------------------
Katy Stech, writing for Daily Bankruptcy Review, reported that the
Rehabilitation Center of St. Petersburg nursing home has emerged
from bankruptcy -- despite protests from Medicare officials --
after a bankruptcy judge agreed it fixed record-keeping and patient
care problems.  According to the report, the Florida facility told
a bankruptcy judge that it has repaid all of its debts and plans to
continue caring for its roughly 110 patients after emerging from
Chapter 11 protection on Jan. 9.

                        About Bayou Shores

Bayou Shores SNF LLC, c/o Rehabilitation Center of St. Petersburg,
filed for Chapter 11 bankruptcy (Bankr. M.D. Fla. Case No.
14-09521) on Aug. 15, 2014, in Tampa.  Elizabeth A Green, Esq., at
Baker & Hostetler LLP, serves as the Debtor's counsel.  In its
petition, the Debtor estimated assets and liabilities of $1 million
to $10 million.  The petition was signed by Tzvi Bogomilsky,
managing member.



BIOLITEC INC: 2nd Cir. Dismisses Appeal, Parent Can't Intervene
---------------------------------------------------------------
The U.S. Court of Appeals for the Second Circuit:

     -- dismissed an appeal involving Biolitec, Inc. and
        AngioDynamics, Inc., and

     -- denied the request of non-party Biolitec F.Z., LLC to be
        substituted for or joined with Biolitec Inc. as a
        party-appellant.

Biolitec Inc. and AngioDynamics opposed the motion and stipulated
to withdraw the appeal without costs and without attorneys' fee.

In January 2008, AngioDynamics commenced a diversity action against
Biolitec, alleging that Biolitec failed to fulfill its contractual
obligation to defend or indemnify AngioDynamics for litigation
expenses and losses resulting from AngioDynamics's distribution of
Biolitec's products. In response, Biolitec filed four counterclaims
seeking to recoup litigation expenses it claimed to have incurred
to defend AngioDynamics in underlying litigation and that were not
covered by a distribution contract.

In September 2012, the United States District Court for the
Northern District of New York (Lawrence E. Kahn, J.) granted
partial judgment to AngioDynamics and certified the judgment for
immediate appeal pursuant to Federal Rule of Civil Procedure 54(b).
Biolitec timely appealed.

On January 22, 2013, during the pendency of this appeal, Biolitec
filed a Chapter 11 bankruptcy petition in the United States
Bankruptcy Court for the District of New Jersey.  Although this
appeal was initially stayed due to the automatic stay imposed by
the bankruptcy court pursuant to 11 U.S.C. Sec. 362, the bankruptcy
court later modified that stay to permit the appeal to proceed.
The bankruptcy court also allowed the continuation of two other
actions brought against Biolitec and several other defendants,
including Wolfgang Neuberger, who owned or managed Biolitec and
several related firms.

In July 2013, the parties requested to stay this appeal once again
because AngioDynamics had executed a settlement agreement with
Biolitec's bankruptcy trustee that, upon its acceptance by the
bankruptcy court, would settle the bankruptcy action and withdraw
this appeal. Later that month, AngioDynamics and Biolitec
stipulated to withdraw this appeal without prejudice to
reinstatement upon the filing of written notice.

The same day the parties filed their stipulation, Biolitec FZ,
Biolitec's corporate parent located in the United Arab Emirates,
moved in the Second Circuit to be substituted for or joined with
Biolitec. Biolitec FZ claimed that on January 21, 2013 (the day
before Biolitec filed its bankruptcy petition), it had received a
75% interest in two of Biolitec's counterclaims in exchange for
$200,000 given to Biolitec's corporate parent to cover Biolitec's
legal fees in the New Jersey bankruptcy action.  Attached to its
motion, Biolitec FZ included an unnotarized assignment agreement
purportedly executed by Neuberger on behalf of both Biolitec and
Biolitec FZ.

AngioDynamics said substitution is not permitted in circumstances
when an original party has voluntarily chosen to stop litigating.
It also pointed out that the January 2013 assignment of Biolitec's
counterclaims to Biolitec FZ was an "illegal contract" that
violated both the bankruptcy court's automatic stay and a
preliminary injunction imposed by the District Court for the
District of Massachusetts in related litigation.

AngioDynamics asserted that the Massachusetts injunction barred
Biolitec, as a defendant in that action, from transferring any
interest it may have in any property, except in certain
circumstances.

Biolitec FZ said its receipt of an interest in this appeal, coupled
with Biolitec's desire to withdraw, were sufficient to permit
substitution.  As to the validity of the January 2013 assignment,
Biolitec FZ asserted that: (1) it had sought vacatur of the
contempt order and preliminary injunction; (2) the assignment
occurred before the bankruptcy petition was filed; and (3) the
proper fora for litigating issues related to the preliminary
injunction and bankruptcy stay were the courts from which those
orders issued.

The appellate case is, AngioDynamics, Inc., Plaintiff-Appellee, v.
Biolitec, Inc.,
Defendant-Counter-Claimant-Counter-Defendant-Appellant, v. Biolitec
FZ, Movant, Docket No. 12-4364-CV (2nd Cir.).  A copy of the Second
Circuit's January 9, 2015 per curiam decision is available at
http://is.gd/xsyHFsfrom Leagle.com.

AngioDynamics, Inc., is represented by:

     William Edward Reynolds, Esq.
     BOND, SCHOENECK & KING, PLLC
     22 Corporate Woods, 5th Floor
     Albany, NY 12211-2503
     Tel: (518) 533-3000
     Fax: (518) 533-3299
     E-mail: wreynolds@bsk.com

Biolitec, Inc., is represented by:

     David Merrill Posner, Esq.
     OTTERBOURG, STEINDLER, HOUSTON & ROSEN, P.C.
     230 Park Avenue
     New York, NY 10169-0075
     Tel: 212-661-9100
     Fax: 212-682-6104
     E-mail: dposner@otterbourg.com

Biolitec FZ is represented by:

     Edward Griffith, Esq.
     BOLATTI & GRIFFITH LLP
     45 Broadway # 2200
     New York, NY 10006
     Tel: (212) 363-3780

                        About Biolitec Inc.

Biolitec, Inc., is a member of the Biolitec Group, a multinational
group of affiliated companies that is a global market leader in
the manufacture and distribution of fiber optic devices and
products such as medical lasers and fibers, photo-pharmaceuticals
and industrial fiber optics.  Biolitec AG, a German public company
listed on the highly regulated Prime Standard segment of the
Frankfurt stock exchange, is the ultimate parent of the Debtor.

Biolitec, Inc., filed a Chapter 11 petition (Bankr. D.N.J. Case
No. 13-11157) on Jan. 22, 2013, to stop competitor AngioDynamics
Inc. from collecting $23 million it won in a breach of contract
lawsuit.  Brian K. Foley signed the petition as chief operating
officer.  In its schedules, the Debtor listed $8,986,073 in assets
and $46,286,763 in liabilities.


BODY CENTRAL: Closes 265 Stores, Will Liquidate Under State Law
---------------------------------------------------------------
Sara Randazzo, writing for Daily Bankruptcy Review, reported that
Body Central Corp. is closing its chain of 265 clothing stores and
is terminating 2,500 employees, the company said, marking the
latest blow to the women's retail sector.  According to the DBR
report, the Jacksonville, Fla.-based company will liquidate through
a state-court procedure called an "assignment for the benefit of
creditors," which puts the company into the hands of an adviser who
will work to pay off its debts.

As previously reported by The Troubled Company Reporter, Body
Central on Jan. 7 disclosed that it is experiencing significant
liquidity challenges and has taken several steps to identify and
evaluate potential strategic and financial alternatives.  These
alternatives may include and are not limited to the possibility of
a Chapter 11 bankruptcy filing or an insolvency proceeding.  The
Company is working with professional advisors to assist with the
evaluation of the situation, the potential alternatives and related
matters.

                   About Body Central Corp.

Founded in 1972, Body Central Corp. -- http://www.bodycentral.com/

-- is a multi-channel, specialty retailer offering on trend,
quality apparel and accessories at value prices.  As of January 6,
2015, the Company operated 265 specialty apparel stores in 28
states under the Body Central and Body Shop banners, as well as a
direct business comprised of a Body Central catalog and an
e-commerce website at www.bodycentral.com

The Company targets women in their late teens to mid-thirties from
diverse cultural backgrounds who seek the latest fashions and a
flattering fit.  The Company's stores feature an assortment of
tops, dresses, bottoms, jewelry, accessories and shoes sold
primarily under the Company's exclusive Body Central(R),
SexyStretch(R) and Lipstick Lingerie(R) labels.


CAESARS ENTERTAINMENT: Amends Proposed Restructuring Term Sheet
---------------------------------------------------------------
Caesars Entertainment Corporation and Caesars Entertainment
Operating Company, Inc., a majority owned subsidiary of CEC, on
Jan. 5, 2015, announced a proposed amended and restated term sheet
to the Amended and Restated Restructuring Support and Forbearance
Agreement, dated as of Dec. 31, 2014, with the Consenting
Creditors, which was previously filed by CEC and CEOC on their
Current Reports on Form 8-K, filed with the U.S. Securities and
Exchange Commission on Dec. 31, 2014.  

The Term Sheet Amendment is subject to consent by certain of the
Consenting Creditors.  Pursuant to the Term Sheet Amendment, CEC
would agree to pay all holders of claims in respect of CEOC's
11.25% senior secured notes due 2017, CEOC's 8.5% senior secured
notes due 2020 and CEOC's 9% senior secured notes due 2020 that
sign the RSA and become Consenting Creditors on or prior to
Jan. 12, 2015, at 5:00 p.m., New York City time, for forbearing
from exercising their default-related rights and remedies, a fee in
an amount equal to:

   (i) 1.625% of the First Lien Bond Claims held by such
       Consenting Creditors paid at the earlier of the date when
       (A) holders of 66.66% of the obligations under the First
       Lien Notes and obligations of CEOC under its credit
       agreement sign the RSA (or, in respect of the First Lien
       Bank Obligations, a similar restructuring support and
       forbearance agreement agreeable to CEOC and CEC) and (B)
       the bankruptcy court, in which chapter 11 cases regarding
       the restructuring of CEOC are commenced, enters an order
       approving the disclosure statement; and

  (ii) 1.625% of the First Lien Bond Claims held by those
       Consenting Creditors, paid when the restructuring closes.

In addition, the Term Sheet Amendment would decrease the cash
amount of the recovery to the holders of the First Lien Notes from
$413 million to $207 million.  No assurances can be made that CEC
and CEOC will receive the consents required to effectuate the Term
Sheet Amendment.

                   About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.
-- http://www.caesars.com/-- is one of the world's largest casino
companies.  Caesars casino resorts operate under the Caesars,
Bally's, Flamingo, Grand Casinos, Hilton and Paris brand names.
The Company has its corporate headquarters in Las Vegas.

Harrah's announced its re-branding to Caesar's in mid-November
2010.

Caesars Entertainment reported a net loss of $2.93 billion in
2013,
as compared with a net loss of $1.50 billion in 2012.  The
Company's balance sheet at Sept. 30, 2014, showed $24.5 billion in
total assets, $28.2 billion in total liabilities and a $3.71
billion total deficit.

                           *     *     *

In December 2014, Fitch Ratings downgraded the issuer default
rating of Caesars Entertainment Operating Company, Inc. ("CEOC")
to
'C' from 'CC'; Moody's cut the ratings of CEOC, including the
corporate family rating, to 'Ca' from 'Caa3'; and Standard &
Poor's
lowered its corporate credit rating to 'D' from 'CCC-' on CEOC.
The downgrades reflect CEOC's missed $223 million interest payment
to the holders of the 10% second lien notes that was due Dec. 15,
2014.



CAESARS ENTERTAINMENT: Appaloosa et al. File Involuntary Bankr.
---------------------------------------------------------------
Hedge funds holding roughly $14 million in claims, filed an
involuntary Chapter 11 bankruptcy petition against Caesars
Entertainment Operating Company, Inc., in U.S. Bankruptcy Court in
Wilmington, Delaware.  CEOC operates hotel and casino properties
that are part of the "Caesars" resort and gaming empire.

The hedge funds hold 10% second lien notes in the company.
Appaloosa Investment Limited Partnership I holds $13,109,250 of the
notes; OCM Opportunities Fund VI, L.P., holds $18,239,186 of the
notes; and Special Value Expansion Fund holds $9,734,458 of the
notes.

The bondholders are represented by Robert S. Brady, Esq., at Young,
Conaway, Stargatt & Taylor, LLP.

Last week, Caesars Entertainment Corporation and subsidiary CEOC
announced that holders of more than 60% of claims in respect of
CEOC's 11.25% senior secured notes due 2017, CEOC's 8.5% senior
secured notes due 2020 and CEOC's 9% senior secured notes due 2020
have signed the Amended and Restated Restructuring Support and
Forbearance Agreement, dated as of Dec. 31, 2014, among Caesars
Entertainment, CEOC and the Consenting Creditors.  As a result, the
RSA became effective pursuant to its terms as of Jan. 9, 2015.

                   About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.
-- http://www.caesars.com/-- is one of the world's largest casino
companies.  Caesars casino resorts operate under the Caesars,
Bally's, Flamingo, Grand Casinos, Hilton and Paris brand names.
The Company has its corporate headquarters in Las Vegas.

Harrah's announced its re-branding to Caesar's in mid-November
2010.

Caesars Entertainment reported a net loss of $2.93 billion in 2013,
as compared with a net loss of $1.50 billion in 2012.  The
Company's balance sheet at Sept. 30, 2014, showed $24.5 billion in
total assets, $28.2 billion in total liabilities and a $3.71
billion total deficit.

                           *     *     *

In December 2014, Fitch Ratings downgraded the issuer default
rating of Caesars Entertainment Operating Company, Inc. ("CEOC") to
'C' from 'CC'; Moody's cut the ratings of CEOC, including the
corporate family rating, to 'Ca' from 'Caa3'; and Standard & Poor's
lowered its corporate credit rating to 'D' from 'CCC-' on CEOC.
The downgrades reflect CEOC's missed $223 million interest payment
to the holders of the 10% second lien notes that was due Dec. 15,
2014.


CAESARS ENTERTAINMENT: Opco Involuntary Chapter 11 Case Summary
---------------------------------------------------------------
Alleged Debtor: Caesars Entertainment Operating Company, Inc.
                One Caesars Palace Drive
                Las Vegas, NV 89109

Case Number: 15-10047

Type of Business: The Debtor operates hotel and casino properties
                  that are part of the "Caesars" resort and
                  gaming empire.

Involuntary Chapter 11 Petition Date: January 12, 2015

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Kevin Gross

Petitioners' Counsel: Robert S. Brady, Esq.
                      YOUNG, CONAWAY, STARGATT & TAYLOR, LLP
                      1000 North King Street
                      Wilmington, DE 19801
                      Tel: 302-571-6600
                      Fax: 302-571-1253
                      Email: bankfilings@ycst.com

Alleged Debtor's petitioners:

   Petitioners                  Nature of Claim  Claim Amount
   -----------                  ---------------  ------------
Appaloosa Investment Limited    10% Second Lien   $13,109,250
Partnership I                   Notes
James E. Bolin, 51 John
F Kennedy Pkwy
Short Hills, NJ 07078

OCM Opportunities Fund VI, L.P  10% Second Lien   $18,239,186
Ken Liang, Jordan Mikes         Notes
333 S. Grand Ave.
Los Angeles, CA 90071

Special Value Expansion Fund    10% Second Lien    $9,734,458
David Hollander                 Notes
2951 28th Street #1000
Santa Monica, CA 90405


CAMBRIDGE ACADEMY: Fitch Affirms BB- Rating on $8.2MM 2010 Bonds
----------------------------------------------------------------
Fitch Ratings has affirmed the 'BB-' rating on the $8.2 million
charter school revenue bonds, series 2010, issued by the Industrial
Development Authority of the County of Pima, Arizona on behalf of
Cambridge Academy East (CAE).

The Rating Outlook is Stable.

SECURITY

The bonds are a general obligation of CAE, secured by a first
mortgage on the financed facilities and a cash-funded debt service
reserve sized to transaction maximum annual debt service (TMADS).
There is an intercept mechanism in place directing state funding
disbursements to the trustee to cover debt service on the bonds
before monies are released to the school for operations.

KEY RATING DRIVERS

FINANCIAL PERFORMANCE IMPROVEMENT SUSTAINED: CAE's operating margin
improved for a third consecutive year, turning positive in fiscal
2014 following three consecutive years of operating deficits,
albeit based on a small revenue base.  Improvement was primarily
due to increased state per pupil funding and ongoing expense
management.  CAE's very thin balance sheet cushion and high debt
burden continue to counterbalance the school's improved
performance.

ENROLLMENT VOLATILITY BUT ACADEMIC IMPROVEMENT: CAE's Mesa and
Queen Creek campuses continue to experience enrollment declines
resulting in part from increased competition from neighboring
charter and district schools and the Mesa campus eliminating
seventh and eighth grades in the 2013-2014 academic year.  However,
student academic performance improved at both campuses in 2014,
with both campuses receiving accountability grades of 'A' by the
Arizona state board of education.

WEAK FINANCIAL CUSHION: Characteristic of most charter schools
rated by Fitch, CAE's balance sheet resources remain limited and
provide only a very thin cushion relative to operating expenses and
outstanding debt.

HIGH DEBT BURDEN: CAE's high debt burden is reflected by TMADS
consuming 17.7% of fiscal 2014 operating revenue.  Its debt to net
income ratio, which measures the number of years of cash flow
needed to repay outstanding principal was also high, but improved
to 7.3 years from 10.2 in fiscal 2013.  Moreover, the school was
able to cover TMADS from operations for the past two fiscal years
(1.6x in fiscal 2014), although debt manageability could be
stressed going forward if enrollment declines persist.

RATING SENSITIVITIES

ABILITY TO STABILIZE ENROLLMENT: Given CAE's sector standard high
reliance on per pupil funding for operating support, its inability
to stem recent enrollment declines and increase enrollment to near
previous levels, will likely stress operations and cause negative
rating pressure.

CHARTER RELATED CONCERNS: A limited financial cushion; substantial
reliance on enrollment-driven per pupil funding; and charter
renewal risk are credit concerns common among all charter schools
that, if pressured, could negatively impact the rating.

CREDIT PROFILE

Founded by a family of educators, CAE is a charter school serving
grades K-8.  Originally chartered in 2002, CAE is in year 13 of its
initial 15-year charter.  The school began operations in 1999 and
currently operates two campuses, Mesa currently serving grades K-6
and Queen Creek currently serving grades K-8, both situated in
Maricopa County, Arizona.  Fitch continues to view CAE's highly
interconnected board and administrative structure as less than
ideal.  Close ties maintained between the board, senior management,
and the founding family, constitute a governance structure
inconsistent with the demonstrated independence typically expected
by Fitch.  However, CAE's management team remains committed and
effective, despite it and the board maintaining multiple
inter-related business and family ties.

OPERATING MARGIN IMPROVEMENT SUSTAINED

Following three consecutive years of operating deficits
(2011-2013), CAE's operating margin improved markedly to positive
5.7% in fiscal 2014 from negative 5.3% in fiscal 2013.  Tempering
this strong result is CAE's small revenue base, with just $3.7
million in operating revenue for fiscal 2014.  Margin improvement
was expected at the time of Fitch's last review as a result of
improved state funding and ongoing expense management, including
salary cuts and freezes.

Typical of most charter schools, revenue flexibility is very
limited with about 90% of CAE's operating revenues derived from
state funding.  Favorably, the funding environment improved
slightly in Arizona over the past two years.  State per pupil
funding improved in fiscal 2014 to a base level of $3,327 per
student with additional assistance of $1,684 for K-8.  For fiscal
2015, the base level improved slightly again to $3,373 per student,
with additional assistance of $1,708.  While the school's fiscal
2015 budget shows a slight drop in revenue compared to the prior
year's budget due to lower enrollment, expenses are down by a
similar amount.  Rating stability will depend on CAE's ability to
maintain breakeven to positive operating results, while trying to
stabilize enrollment and continuing to control costs.  Failure to
stabilize and/or grow enrollment could stress operations and result
in negative rating pressure.

ENROLLMENT VOLATILITY PERSISTS

CAE has experienced ongoing enrollment pressure in recent years.
Concerns, however, are partially offset by improved academic
performance and management's successful ability to date to manage
expenses accordingly.  For 2014, the Mesa campus retained its state
accountability grade of 'A', with an overall score of 78 (up from
70 in 2013).  The Queen Creek campus was upgraded to 'A' from 'B'
following implementation of a turnaround plan, with its score
improving to 87.5 from 68.8 in 2013.  Both campuses met their
annual measurable objectives, which are used to measure school
performance

Average daily membership (ADM) fell again in the 2014-2015 school
year, with 468 students presently enrolled at CAE's two campuses;
203 at Mesa and 265 at Queen Creek.  ADM totaled 538 students at
the 100th day count the prior year and 559 the year before that.
Management attributes recent enrollment declines to increased
competition, including the addition of new charters schools, as
well as the Queen Creek Unified School District receiving a high
ranking from the state in 2013.  That followed CAE's Queen Creek
campus receiving a 'B' rating from the state in 2013, which likely
impacted demand.  However, as mentioned above, that campus was
upgraded to 'A' in 2014 and management advised they are receiving
renewed interest in the school.

As discussed above, competition exists from other charter schools,
but Mesa (and now Queen Creek again) remain highly rated by the
state as measured by academic performance and parent satisfaction
surveys, which should help the campuses to maintain and/or restore
some level of demand despite a competitive environment.  Fitch will
continue to monitor CAE's enrollment and demand trends, noting that
further enrollment declines could stress operating performance and
lead to negative rating action.

WEAK LIQUIDITY AND HIGH DEBT BURDEN

CAE's balance sheet liquidity, while slightly improved, remains
limited and provides a very thin financial cushion relative to
operating expense and debt.  Available funds, or cash and cash
equivalents not permanently restricted, grew to $502,000 as of June
30, 2014 from $292,000 as of June 30, 2013, but still only covered
fiscal 2014 operating expenses ($3.5 million) and outstanding debt
($8.1 million) by a low 14.3% and 6.7%, respectively.

The series 2010 bonds and a small capital lease (approximately
$48,000) are the school's only debt outstanding.  Its debt burden
remains high, with TMADS of about $660,000 representing 17.7% of
fiscal 2014 operating revenues.  However, the debt burden is
slightly improved from prior years and is partially offset by CAE's
recent ability to cover TMADS from operations.  Coverage exceeded
1x for the past two years at 1.1x and 1.6x in fiscal years 2013 and
2014, respectively.

Pro forma debt to net available income was moderately high at 7.3x
in fiscal 2014 but also better than in prior years as fiscal 2014
operating results improved.  Moreover, CAE has no material capital
needs or additional borrowing plans for either campus, which is
viewed positively as Fitch does not believe CAE has any additional
debt capacity.  As mentioned above, rating stability is predicated
on CAE maintaining recent financial performance improvement, while
trying to stabilizing enrollment and continuing to control costs.



CASH STORE: Issues No-Action Letter on Nat'l Money Mart Deal
------------------------------------------------------------
The Cash Store Financial Services Inc. on Jan. 9 disclosed that the
Canadian Competition Bureau has issued a No-Action Letter regarding
the binding agreement for Cash Store Financial to sell a portion of
its business and assets to National Money Mart Company, as
announced on Oct. 9, 2014.  This satisfies one of the conditions to
closing the Agreement.

The current expectation remains that the Transaction will be
completed in early 2015, following satisfaction of certain
customary closing conditions.  Cash Store Financial will continue
to provide updates as the Transaction is finalized.  In the
interim, the Company will continue to operate its business as
usual.

Further details regarding the Transaction, along with other details
regarding the Company's Companies' Creditors Arrangement Act
proceedings, are available on the Monitor's website at
http://cfcanada.fticonsulting.com/cashstorefinancialCash Store
Financial will continue to provide updates on its restructuring as
matters advance.

                 About Cash Store Financial

Cash Store Financial and Instaloans primarily act as lenders to
facilitate short-term advances and provide other financial services
to income-earning consumers who may not be able to obtain
them from traditional banks.  Cash Store Financial also provides
private-label debit cards.

Cash Store Financial is not affiliated with Cottonwood Financial
Ltd. or the outlets Cottonwood Financial Ltd. operates in the
United States under the name "Cash Store".  Cash Store Financial
does not do business under the name "Cash Store" in the United
States and does not own or provide any consumer lending services in
the United States.

Cash Store Financial reported a net loss and comprehensive loss of
C$35.5 million for the year ended Sept. 30, 2013, as compared with
a net loss and comprehensive loss of C$43.5 million for the
year ended Sept. 30, 2012.  As of Sept. 30, 2013, the Company had
C$165 million in total assets, C$166 million in liabilities, and a
C$1.32 million shareholders' deficit.


CENTENE CORP: Moody's Maintains Ba2 Sr. Unsecured Debt Rating
-------------------------------------------------------------
Moody's Investors Service has maintained the Ba2 senior unsecured
debt rating of Centene Corporation's (Centene, NYSE:CNC) senior
notes following a $200 million add-on to the $300 million debt
issuance of April 2014. The debt issuance is a draw on the
company's shelf registration, which it filed in May 2014. Centene
intends to use the net proceeds to repay amounts outstanding under
their revolving credit facility, to pay related fees and expenses
and for general corporate purposes. The outlook on the rating is
stable.

Rating Rationale

Moody's notes that with the additional debt net of the expected
repayment of outstanding debt under the existing revolver,
Centene's financial leverage (debt to capital) is expected to
increase to approximately 36.3% from 34.9% as of September 30,
2014. Adjusted financial leverage (debt to capital where debt
includes operating leases) is expected to increase to approximately
40.2% from 39.0%, which remains in line with Moody's expectation
for the company's current rating level.

Moody's Ba2 senior debt rating for Centene is based primarily on
the company's concentration in the Medicaid market, acquisitive
nature, and moderate level of financial leverage, offset by its
multi-state presence, expansion into other healthcare product
opportunities, relatively stable financial profile and adequate
capitalization. The rating also reflects concerns with respect to
the level of reimbursements to Medicaid managed care companies as
states fall under budgetary and political pressures. According to
the rating agency, while rate increases have been under pressure
over the last several years, it appears that states have adhered to
actuarial valuations in determining reimbursement levels, including
covering the industry fee insurance companies are required to pay
under the Affordable Care Act. In addition, the healthcare reform
legislation, which has increased the number of persons eligible for
Medicaid, has increased interest among states in Medicaid managed
care options, providing growth opportunities for Centene.

Moody's said that Centene's ratings could be upgraded if: 1) EBITDA
margins approach 4% on a consistent basis, 2) financial leverage
(debt to capital) is reduced to or below 30%, and 3) the company
successfully expands into other product segments resulting in
increased revenue and earnings diversity. Moody's added that on the
other hand, the following could result in a rating downgrade: 1)
loss or impairment of one or more additional Medicaid contracts,
2), a loss or penalty associated with the exit from the Kentucky
Medicaid contract in excess of 15% of shareholders' equity, 3)
EBITDA interest coverage falling below 6x, or 4) Debt to EBITDA
ratio increasing above 3x.

The principal methodology used in rating Centene was for U.S.
Health Insurance Companies published in October 2014.

Centene Corporation is headquartered in St. Louis, Missouri. For
the first nine months of 2014 the company reported total revenues
of $11.8 billion with managed care membership as of September 30,
2014 of approximately 3.7 million. As of September 30, 2014 the
company reported shareholders' equity of approximately $1.6
billion.



CENTRAL OKLAHOMA: Files Plan of Reorganization
----------------------------------------------
Central Oklahoma United Methodist Retirement Facility, Inc., has
filed a Plan of Reorganization dated Dec. 22, 2015, that provides
that:

    (a) On the Distribution Date, from cash on hand, the
        Reorganized Debtor will (i) make all payments and other
        distributions then due under the terms of this Plan to
        Holders of Administrative Claims, Tax Claims, Priority
        Claims (Class 1), Administrative Convenience Claims (Class

        4), and Key Creditor Claims (Class 5); and (ii) reserve
        such funds as are required for Contested Claims by Section

        8.04(b) of the Plan.

    (b) As and when due under the terms of the underlying credit
        agreements, the Reorganized Debtor will make, and continue

        to make, all payments and other distributions due to
        Holders of the Indenture Claim (Class 2) and Other Secured

        Claims (Class 3) in accordance with their treatment under
        this Plan;

    (c) On or before the Effective Date, Epworth Villa will
        complete the surrender of collateral, if so elected by it,

        as alternative treatment for the Holders of Other Secured
        Claims (Class 3);

    (d) On the Effective Date, the automatic stay and/or discharge

        injunction of Sections 362 and/or 524(a) of the Bankruptcy

        Code will be deemed modified as provided in Section 4.06
        in favor of Holders of Insured Claims (Class 6);

    (e) On the Effective Date, the Litigation Trust will be
        established for the benefit of all Holders of Penalty
        Claims (Class 7) and Other Unsecured Claims (Class 8); and


    (f) Effective as of the Effective Date, all Interests (Class
        9) will be deemed cancelled and forfeited.

A copy of the Reorganization Plan is available for free at:

                        http://is.gd/R1OaZZ

             About Central Oklahoma United Methodist

Central Oklahoma United Methodist Retirement Facility, Inc., dba
Epworth Villa, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Okla. Case No. 14-12995) on July 18,
2014.  The case is before Judge Sarah A. Hall.

The Debtor's counsel is Brandon Craig Bickle, Esq., Sidney K.
Swinson, Esq., and Mark D.G. Sanders, Esq., at Gable & Gotwals,
P.C., in Tulsa, Oklahoma; and G. Blaine Schwabe, III, Esq., at
Gable & Gotwals, P.C., in Oklahoma City, Oklahoma.

The Debtor reported $118 million in assets, and $108 million in
liabilities.


CENTRAL OKLAHOMA: Wants Plan Outline Deadline Extended to Feb. 15
-----------------------------------------------------------------
Central Oklahoma United Methodist Retirement Facility, Inc., dba
Epworth Villa, requests that it be permitted to delay the filing
of a disclosure statement that will accompany its Plan to a date
not later than the date on which its exclusive period expires -
presently Feb. 15, 2015.

Given the extraordinary circumstances of the case, and the unique
creditor constituencies involved, Epworth Villa believes that the
best interests of all parties will be served by its proposal of a
plan of reorganization, with an ensuing period of time in which
interested parties shall have an opportunity to discuss the Plan,
or modifications thereto -- all with the goal of a prompt and
efficient non-adversarial resolution of this case.

If Epworth Villa is required to undertake the significant expense
of preparing a disclosure statement with a view toward a contested

prosecution thereof (and of the Plan) in a relatively compressed
time-frame, valuable estate resources may be squandered, and
optimal conditions for consensual case resolution may not be
achieved.

             About Central Oklahoma United Methodist

Central Oklahoma United Methodist Retirement Facility, Inc., dba
Epworth Villa, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Okla. Case No. 14-12995) on July 18,
2014.  The case is before Judge Sarah A. Hall.

The Debtor's counsel is Brandon Craig Bickle, Esq., Sidney K.
Swinson, Esq., and Mark D.G. Sanders, Esq., at Gable & Gotwals,
P.C., in Tulsa, Oklahoma; and G. Blaine Schwabe, III, Esq., at
Gable & Gotwals, P.C., in Oklahoma City, Oklahoma.

The Debtor reported $118 million in total assets, and $108 million
in total liabilities.


CHINOOK USA: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Chinook USA, LLC
        9509 US Highway 42, Ste. 106
        Prospect, KY 40059

Case No.: 15-30057

Chapter 11 Petition Date: January 9, 2015

Court: United States Bankruptcy Court
       Western District of Kentucky (Louisville)

Judge: Hon. Alan C. Stout

Debtor's Counsel: David M. Cantor, Esq.
                  SEILLER WATERMAN LLC
                  462 S. 4th Street, Ste 2200
                  Louisville, KY 40202
                  Tel: 584-7400
                  Email: cantor@derbycitylaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Sheri Radler, CFO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/kywb15-30057.pdf


CITGO PETROLEUM: Fitch Cuts IDR to B & Alters Outlook to Stable
---------------------------------------------------------------
Fitch Ratings has downgraded the Issuer Default Ratings (IDR) for
CITGO Petroleum Corporation (CITGO) to 'B' from 'BB-' and has
downgraded the company's senior secured ratings (including the
revolver, term loans, and fixed-rate industrial revenue bonds
[IRBs]) from 'BB+' to 'BB/RR1.'  The Rating Outlook has been
revised to Stable from Negative.

The main catalyst for the downgrade at the CITGO level is the
downgrade of CITGO's ultimate parent Venezuelan National Oil
Company Petroleos de Venezuela (PDVSA) from 'B' to 'CCC' at the end
of December.

Approximately $1.7 billion in debt (including capitalized leases)
is affected by today's rating action.

KEY RATINGS DRIVERS

CITGO's ratings are supported by the scale and quality of the
company's refining assets, with three high-complexity refineries
consisting of approximately 749,000 barrels per day (bpd) of
refining capacity on the Gulf Coast and Midcontinent; significant
access to price-advantaged Canadian and U.S. shale crudes,
resulting in strong financial performance and free cash flow (FCF)
before dividends; export capability out of the Gulf that allows it
to access higher growth markets abroad; and strong covenant
protections in the senior indenture, which limit the ability of
CITGO's parent to dilute CITGO's credit quality.

LINKAGE TO WEAKER PARENT PDVSA

These positives are balanced by CITGO strong operational linkage to
indirect parent PDVSA, which is evidenced through CITGO's contracts
to take approximately 300,000 bpd of PDVSA crude at its Gulf coast
refineries; frequent appointment of PDVSA personnel to CITGO
executive and board positions; procurement services agreements
between CITGO and PDVSA; and use of CITGO to upstream dividends to
its parent (subject to a restricted payments basket in CITGO's
secured debt covenants).

PDVSA DOWNGRADE

On Dec. 19, Fitch downgraded PDVSA to 'CCC' from 'B', following the
downgrade of the Venezuelan sovereign's ratings to 'CCC'. PDVSA's
downgrade reflected the company's linkage to the government of
Venezuela as a state-owned entity, combined with increased
government control over its business strategies and internal
resources.  PDVSA's cash flow generation is significantly affected
by the large amount of funds transferred to the central government
each year.

STRONG STAND-ALONE CREDIT METRICS

CITGO's credit metrics are strong for the rating category.  As
calculated by Fitch, at Nov 30, 2014, CITGO's total debt and
capitalized lease obligations were approximately $1.7 billion.
EBITDA declined moderately to $1.46 billion but remained at very
good levels, resulting in debt/EBITDA leverage of just 1.2x and
EBITDA/interest coverage of 11.4x.  The company's LTM free cash
flow declined sharply to -$1.12 billion, but this was driven by a
large swing in working capital accounts linked to higher
inventories (-$1.32 billion) and a distribution of $704 million.
Absent these factors, the company would have been significantly FCF
positive.

With regards to distributions to its parent, it is important to
note that CITGO's restricted payment basket limits the company to
distributing cumulative net income levels.  Looking forward, Fitch
expects CITGO will be modestly FCF positive in its base case in
2015.

LIQUIDITY

CITGO's liquidity was reasonable at Sept. 30, 2014 and totaled $891
million.  This included $51.4 million in cash; $839 million in
availability on its main secured $900 million revolver after
borrowings and LOCs, and no availability on its A/R Securitization
facility.  The company's secured revolver expires in 2019, while
its A/R Securitization facility, which has a maximum capacity of
$450 million and is renewed annually, expires in 2015.  In addition
to this, CITGO has $290 million in repurchased Industrial Revenue
Bonds (IRBs), which were held in Treasury and can be remarketed at
the company's discretion.  Additional liquidity could come from the
liquidation of excess inventory.  Headroom on key financial
covenants was reasonable at Sept. 30 and included a debt-to-cap
ratio of 41% (versus a 60% max).  There was also ample headroom on
the company's interest coverage covenant (minimum of 3.0x).
Near-term maturities are light.

OTHER LIABILITIES

CITGO's other obligations are manageable.  As of YE 2013, the
deficit on the funded status of CITGO's Pension Benefit Obligation
(Pension Assets - PBO) declined to -$192.7 million from -$353.5
million the year prior.  The main sources of improvement stemmed
from actuarial gains, and better returns on plan assets.  CITGO's
asset retirement obligation (ARO) was essentially unchanged at YE
2013 at $18.76 million and was primarily linked to asbestos
remediation.  Rental expense for operating leases rose to $170
million in 2013 and was comprised of leases for product storage,
office space, marine chartered vessels, computer equipment and
equipment used to store and transport feedstocks and refined
products.

STRONG COVENANT PROTECTIONS

It is important to note that there are relatively robust covenant
protections in CITGO's secured debt which restrict the ability of
its parent to dilute CITGO's credit quality and help justify the
rating differential between the two entities.  Elements of this
ring-fencing include a debt/cap maximum of 60%, with a lower 55%
test for purposes of making distribution to the parent; and a
restricted payment basket which limits the ability of CITGO to make
distributions to its parent.  There are no cross defaults or
guarantees between CITGO and PDVSA, CITGO's assets are U.S.
domiciled, and there are two Delaware Corporations between PDVSA
and CITGO Petroleum Corporation.

Fitch also believes it would be challenging for CITGO to refinance
its debt and thereby escape these covenants.  In July of this year,
CITGO completed a major refinancing of virtually all of its debt,
which shares pari passu in the same security and has the same
covenant package (revolver, term loan, notes, and fixed rate IRBs).


The notching between CITGO's IDR and secured ratings reflects the
strength of the underlying security package, which was expanded in
2010 to include the 167,000 bpd Lemont refinery, in addition to
CITGO's Lake Charles and Corpus Christi refineries, and select
petroleum inventories and accounts receivables.

RATINGS SENSITIVITIES

Positive: Future developments that may, individually or
collectively, lead to positive rating action include:

   -- Improved ratings at the parent level (PDVSA) or a change in
      ownership, as well as evidence that CITGO's strong financial

      performance will continue.

Negative: Future developments that may, individually or
collectively, lead to negative rating action include:

   -- Further weakening in credit quality at the parent level;

   -- A sustained operational problem at one or more refineries;

   -- Weakening or elimination of key covenant protections
      contained in the senior secured debt through refinancing or
      other means.

This last action in particular would weaken the notching rationale
between parent and subsidiary, as the ring fencing created by the
secured debt covenants offer substantial protections to all CITGO
debtholders.

Fitch has downgraded these ratings:

CITGO

   -- IDR to 'B' from 'BB-';
   -- Senior secured credit facility to 'BB/RR1' from 'BB+';
   -- Secured term loans to 'BB/RR1' from 'BB+';
   -- Secured notes to 'BB/RR1' from 'BB+';
   -- Fixed-rate IRBs to 'BB/RR1' from 'BB+'.



CITIUS PHARMACEUTICALS: Wolf & Co. Raises Going Concern Doubt
-------------------------------------------------------------
Wolf & Company, P.C., expressed substantial doubt on the ability
of Citius Pharmaceuticals, Inc., to continue as a going concern
after Wolf & Company audited Citius' annual report on 10-K for the
year ended Sept. 30, 2014.  The auditor noted that the Company has
suffered recurring losses from operations, has negative cash flows
from operations, and has a significant accumulated deficit.

The Company reported a net loss of $738,000 on $nil of total
revenue for the nine months ended Sept. 30, 2014, compared with
a net loss of $1.29 million on $nil of total revenue for year
ended Dec. 31, 2013.

The Company's balance sheet at Sept. 30, 2014, showed
$1.56 million in assets, $2.3 million in total liabilities, and a
stockholders' equity of $742,000.

A copy of the Form 10-K is available at:

                        http://is.gd/HX6fsS

Salta lake City-based Citius Pharmaceuticals, Inc., is a specialty

pharmaceutical company.  The Company is engaged in the development

and commercialization of therapeutic products.  The Company’s
product includes Suprenza, which is used for the treatment of
obesity.  It also has a development candidate entering Phase 2
trials for the treatment of hemorrhoids.

Citius Pharmaceuticals was formed in the state of Nevada on Sept.
9, 2010 as Trail One, Inc.  On Sept. 12, 2014, the Company entered
into a Share Exchange and Reorganization Agreement, among Trail
One, Inc., Citius Pharmaceuticals, LLC, and the beneficial holders
of the membership interests of Citius.  In connection with the
reverse acquisition, the Company adopted the fiscal year end of
Trail One, thereby changing our fiscal year end from Dec. 31 to
Sept. 30.  In addition on Sept. 12, 2014, Trail One changed its
name to Citius Pharmaceuticals, Inc.



COMMUNITY MEMORIAL: Gets Approval to Settle PBGC Claims
-------------------------------------------------------
The official liquidating the assets of Community Memorial Hospital
received court approval for a deal that would resolve Pension
Benefit Guaranty Corp.'s claims.

Under the deal, PBGC will get three general unsecured claims
aggregating about $4.595 million.  No part of those claims is
entitled to priority.

Meanwhile, PBGC agreed to drop two other claims against Community
Memorial Hospital aggregating about $1.26 million.  A copy of the
agreement is available for free at http://is.gd/DN3Eai

                About Community Memorial Hospital

Community Memorial Hospital, operator of the Cheboygan Memorial
Hospital, filed for Chapter 11 bankruptcy (Bankr. E.D. Mich. Case
No. 12-20666) on March 1, 2012.  Judge Daniel S. Opperman oversees
the case.  Paul W. Linehan, Esq., and Shawn M. Riley, Esq., at
McDonald Hopkins LLC, in Cleveland, Ohio; and Jayson Ruff, Esq., at
McDonald Hopkins LLC, in Bloomfield Hills, Michigan, represent the
Debtor as counsel.  The Debtor's financial advisor is Conway
Mackenzie Inc.  The Debtor disclosed $23.09 million in assets and
$26.3 million in liabilities as of the bankruptcy filing.

Opened in 1942, the Debtor is an independent, not-for-profit
entity, organized exclusively for charitable, scientific and
educational purposes, and holds tax exempt status in accordance
with Section 501(c)(3) of the Internal Revenue Code.  The Cheboygan
Memorial Hospital is a 25-bed critical access hospital located in
Cheboygan, Cheboygan County, a community on the Lake Huron coast.
The Debtor has 395 employees.

McLaren Health Care Corporation proposed to acquire substantially
all of the Debtor's operating assets at its primary hospital
campus, for $5,000,000, plus (2) all amounts required for the
Debtor to cure and assume the assigned Assumed Contracts and
Leases.

Daniel M. McDermott, the U.S. Trustee for Region 9, appointed a
five-member official committee of unsecured creditors in the
Chapter 11 case of Community Memorial Hospital.

Michael S. McElwee, Esq., at Varnum LP, in Grand Rapids, Michigan,
represents the Unsecured Creditors' Committee as counsel.

The Creditors Committee won confirmation of its Corrected First
Amended Plan of Liquidation for the Debtor in August 2013.  A
liquidating trust is established to liquidate the Debtor's
remaining assets and distribute the proceeds to creditors.  A.
Darling Brooks has been designated as liquidating trustee.


COSO GEOTHERMAL: Fitch Affirms 'C' Rating on $629MM Certificates
----------------------------------------------------------------
Fitch Ratings has affirmed the rating on Coso Geothermal Power
Holdings LLC's (Coso) $629 million ($455 million outstanding)
pass-through certificates due 2026 at 'C'.

The affirmation is based on Fitch's expectation that default is
likely and may be accelerated if Coso fails to meet a pari passu
reimbursement obligation that could arise if its letter of credit
(LC) is not extended past its expiration date in late 2015. Default
is otherwise likely to occur by 2017.

KEY RATING DRIVERS

Geothermal Resource Depletion -- Supply Risk: Weaker

Underperformance of the geothermal resource has lowered net
operating capacity at the project's three interlinked geothermal
power plants.  With the decline in the geothermal resource, energy
revenues have fallen to levels that are not sufficient to meet debt
obligations.

Expected Payment Shortfalls -- Debt Structure: Midrange

Fitch's projections indicate that cash available for debt service
will result in shortfalls for future payment obligations on the
fully amortizing certificates.  A senior debt reserve (funded with
cash from a drawn LC facility) supports these obligations when
needed.

Limited Price Risk -- Revenue Risk: Midrange

Southern California Edison (SCE, rated 'A-' with a Stable Outlook)
is committed to purchase Coso's entire energy output under
long-term, mostly fixed-price PPAs through 2030.  Variable pricing
on energy sales is limited to one-fifth of total revenues between
July 2014 and March 2019.

Lack of Dedicated Operating Reserves -- Operation Risk: Weaker

The project has no dedicated operations and maintenance or major
maintenance reserve, leaving little cushion to protect against
increased operational costs.

Peer Comparison

Coso's geothermal assets have suffered worse resource depletion
than those within the CE Generation LLC (rated 'BB-'; Outlook
Stable by Fitch) portfolio and OrCal Geothermal Inc. ('BB'; Outlook
Stable), leading to more pressured financial performance.

RATING SENSITIVITIES

Negative: A technical default on the pari passu LC repayment
obligation could accelerate payment of the certificates, resulting
in default.

Negative: Insufficient reserves to meet shortfalls on upcoming
payment obligations.

SECURITY

Each tranche of the certificates represents an undivided interest
in a related pass-through trust, which holds the lessor notes
issued by the owner lessors.  The notes are the sole collateral and
source of repayment of the certificates.

TRANSACTION SUMMARY

In late November 2014, Coso's LC facility with CoBank expired.  The
remaining debt service reserve LC was drawn and now the balance of
approximately $27.6 million is reserved in cash.  The PPA
performance assurance portion of the facility was replaced with an
identical LC by Citibank, N.A. ('A'; Outlook Stable).  The new PPA
LC expires in late October 2015, and failure to extend this LC may
lead to a technical default that could cross-default to the lease
and lease indenture of the rated certificates.  Fitch views late
2015 as the earliest likely timing of default.

Coso continues to meet debt obligations using a combination of
operating cash flow and reserves.  Management expects to utilize
approximately $9.8 million of the senior debt reserve to meet the
upcoming January payment, which would leave a reserve balance of
$17.8 million.  Based on Fitch's projections for operational
performance, operating cash flow and remaining reserves are
expected to be sufficient to repay obligations through 2016.  In
Fitch's view, reserves are likely to be exhausted and default is
likely to occur in early 2017.

CGP is a special-purpose company formed to lease and operate the
Coso project, which consists of three interlinked geothermal power
plants located in Inyo County, CA.  Coso provides royalty payments
to the U.S. Navy and the Bureau of Land Management for use of the
geothermal resource.  Under a series of power purchase agreements,
Coso's entire output will be sold to SCE through January 2030. Cash
flows from both Coso and Beowawe, an affiliated geothermal project
in Nevada, are available to service CGP's rent payments under the
CGP lease.  Rent payments are the sole source of cash available to
pay debt service on the pass-through trust certificates.  Each
tranche of the certificates represents an undivided interest in a
related pass-through trust, which holds the lessor notes issued by
the owner lessors.  The notes are the sole collateral and source of
repayment of the certificates.



CRATE MARINES: In Bankruptcy; Creditors' Meeting on Jan. 30
-----------------------------------------------------------
Crate Marines Sales Limited et al. have filed for bankruptcy
proceedings in Canada, and the first meeting of creditors has been
set for:

     -- Jan. 30, 2015, at 10:00 a.m., for the creditors of Crate
Marines Sales Limited, and

     -- 11:30 a.m. on the same date for the affiliates' creditors.

The creditors' meeting will be held at the Sheraton Centre Hotel,
Hall C, 123 Queen Street West in Toronto, Ontario.


CRATE MARINES: Ontario Court Sets January 30 as Claims Bar Date
---------------------------------------------------------------
Proofs of property claim must be submitted to A. Farber & Partners
Inc., court-appointed receiver of Crate Marines Sales Limited et
al., not later than 4:00 p.m. (Eastern Standard Time) on Jan. 30,
2015, pursuant to the order issued by the Superior Court of Justice
of Ontario.

Claimants can obtain details about what claims are included in the
property process, as well as obtain a copy of the order and a proof
of property claim package at the firm's website,
http://is.gd/lk5WSFor by contacting the firm at (416) 496-3762.

The firm can be reached at:

   A. Farber & Partners Inc.
   150 York Street, Suite 1600
   Toronto, ON M5H 3S5
   Tel: (416) 497-0150
   Fax: (416) 496-3839


CRUMBS BAKESHOP: Committee Allowed to Settle Claims vs Lemonis
--------------------------------------------------------------
U.S. Bankruptcy Judge Michael Kaplan authorized Crumbs Bake Shop
Inc.'s official committee of unsecured creditors to settle claims
against Lemonis Fischer Acquisition Company LLC and four others in
behalf of the company.

Under the settlement agreement, Lemonis Fischer, Fischer
Enterprises LLC, Mark Liebel, S. Scott Fischer and Marcus Lemonis
LLC will pay $85,000 to settle the claims of Crumbs Bake Shop.

The parties agree that the settlement is effective notwithstanding
any prior understanding that the company's bankruptcy case would be
dismissed or converted, and that it is not conditioned upon the
case being dismissed or converted.  

                      About Crumbs Bake Shop

Crumbs Bake Shop, Inc., and 22 of its affiliates filed separate
Chapter 11 bankruptcy petitions (Bankr. D.N.J. Lead Case No.
14-24287) on July 11, 2014.  John D. Ireland signed the petitions
as chief financial officer.  Crumbs Bake Shop estimated assets of
$10 million to $50 million and the same range of liabilities.

Cole, Schotz, Meisel, Forman & Leonard, P.A., acts as the Debtors'
counsel.  Prime Clerk LLC is the Debtors' claims and noticing
agent.  Judge Michael B. Kaplan oversees the jointly administered
cases.

The U.S. Trustee appointed three creditors to serve in the
Official Committee of Unsecured Creditors.   Sharon L. Levine,
Esq., at Lowenstein Sandler LLP serves as Committee's counsel.

                           *     *     *

On July 7, 2014, the Board of Directors of Crumbs Bake Shop
determined to cease operations effective immediately.  The Board's
determination was made after the Company lacked sufficient
liquidity to maintain current operations.

On the petition date, Crumbs entered into an Asset Purchase
Agreement through which Lemonis Fischer Acquisition Company, LLC, a
joint venture created by Marcus Lemonis LLC and Fischer
Enterprises, L.L.C., will acquire the Crumbs' business as part of
the Company's Chapter 11 filing.  Lemonis Fischer Acquisition is
represented by Louis Price, Esq., at McAfee & Taft PC.

On Aug. 29, 2014, Crumbs Bake Shops completed the sale of its
assets for a credit bid of $7,140,000 and the assumption of various
liabilities.  There are no cash proceeds and the credit bid
resulted in the repayment of all indebtedness to Lemonis Fischer
Acquisition, which held a first priority security interest in the
assets of the Company. The Company's remaining assets will be
liquidated and the proceeds thereof will be utilized to pay
unsecured liabilities in accordance with applicable law and certain
advisors' fees and expenses. The Company does not expect
that there will be any proceeds available for distribution to
shareholders.


CRUMBS BAKESHOP: Gets Approval of Deal With Southeastern Bank
-------------------------------------------------------------
U.S. Bankruptcy Judge Michael Kaplan signed off on an order
approving an agreement between Crumbs Bake Shop Inc. and
Southeastern Bank.

Prior to its bankruptcy filing, Crumbs Bake provided certain
landlords with letters of credit performance under leases, some of
which were assumed leases pursuant to its 2014 sale agreement with
Lemonis Fischer Acquisition Co.  The LOCs are secured by a
multi-purpose certificate of deposit issued by Southeastern Bank in
the amount of $479,800 and a related loan agreement.

Under the court-approved agreement, Southeastern Bank will:

   (1) debit the CD in the amount of $112,000 in satisfaction of
the draws already made by landlords;

   (b) debit the CD in the amount of $5,500 in satisfaction of fees
and interest due and owing to the bank; and

   (c) debit the CD in the amount of $42,400 and remit such funds
to Crumbs Bake Shop as a return of collateral in   connection with
the deposit.

                      About Crumbs Bake Shop

Crumbs Bake Shop, Inc., and 22 of its affiliates filed separate
Chapter 11 bankruptcy petitions (Bankr. D.N.J. Lead Case No.
14-24287) on July 11, 2014.  John D. Ireland signed the petitions
as chief financial officer.  Crumbs Bake Shop estimated assets of
$10 million to $50 million and the same range of liabilities.

Cole, Schotz, Meisel, Forman & Leonard, P.A., acts as the Debtors'
counsel.  Prime Clerk LLC is the Debtors' claims and noticing
agent.  Judge Michael B. Kaplan oversees the jointly administered
cases.

The U.S. Trustee appointed three creditors to serve in the
Official Committee of Unsecured Creditors.   Sharon L. Levine,
Esq., at Lowenstein Sandler LLP serves as Committee's counsel.

                           *     *     *

On July 7, 2014, the Board of Directors of Crumbs Bake Shop
determined to cease operations effective immediately.  The Board's
determination was made after the Company lacked sufficient
liquidity to maintain current operations.

On the petition date, Crumbs entered into an Asset Purchase
Agreement through which Lemonis Fischer Acquisition Company, LLC, a
joint venture created by Marcus Lemonis LLC and Fischer
Enterprises, L.L.C., will acquire the Crumbs' business as part of
the Company's Chapter 11 filing.  Lemonis Fischer Acquisition is
represented by Louis Price, Esq., at McAfee & Taft PC.

On Aug. 29, 2014, Crumbs Bake Shops completed the sale of its
assets for a credit bid of $7,140,000 and the assumption of various
liabilities.  There are no cash proceeds and the credit bid
resulted in the repayment of all indebtedness to Lemonis Fischer
Acquisition, which held a first priority security interest in the
assets of the Company. The Company's remaining assets will be
liquidated and the proceeds thereof will be utilized to pay
unsecured liabilities in accordance with applicable law and certain
advisors' fees and expenses. The Company does not expect
that there will be any proceeds available for distribution to
shareholders.


CSP TECHNOLOGIES: Moody's Assigns 'B3' Corporate Family Rating
--------------------------------------------------------------
Moody's Investors Service assigned the B3 Corporate Family Rating
and Caa1-PD Probability of Default Rating to CSP Technologies
S.a.r.l. (CSP Technologies), a subsidiary of Paris-based listed
private equity firm Wendel Group. The ratings outlook is stable.
Moody's also assigned a B3 rating to the $195 million senior
secured credit facilities, which include a $25 million five-year
revolver and a $170 million seven-year term loan. CSP Technologies
North America (Parent), Inc. is a borrower under the credit
facilities. The proceeds of the credit facilities will be used to
acquire privately-held CV Holdings, LLC (CV Holdings), a
manufacturer of specialty plastic containers for the
pharmaceutical, food and dairy industries headquartered in
Amsterdam, New York. After the acquisition, CSP Technologies North
America (Parent), Inc. will merge with and into CV Holdings, which
will be re-named CSP Technologies North America, LLC (CSP
Technologies NA). CSP Technologies NA will continue as the
surviving entity.

Moody's took the following actions:

CSP Technologies S.a.r.l.

Assigned B3 Corporate Family Rating

Assigned Caa1-PD Probability of Default Rating

CSP Technologies North America (Parent), Inc

Assigned B3, LGD 3 to $25 million senior secured revolver due in
2020

Assigned B3, LGD 3 to $170 million senior secured Term Loan due in
2022

The ratings outlook is stable.

The ratings are subject to the receipt and review of the final
documentation.

Ratings Rationale

The B3 corporate family rating reflects the company's high
leverage, small scale and limited operational, product and customer
diversity. CSP Technologies relies on its trademarked specialized
flip-top plastic containers for glucose test strips for 63% of its
revenue. The company has high customer concentration, with the top
10 customers generating over 70% of sales. Given its significant
exposure to the diabetes test strip market, the company faces risks
from the introduction of substitute products. CSP Technologies'
volumes and profits may also be negatively affected if one of its
major customers changes packaging, experiences operational issues
or chooses a secondary supplier. CSP Technologies' customers are
significantly larger and better capitalized and can extract pricing
concessions from the company. That said, the majority of the
company's business has quarterly resin pass-throughs, though the
lags are longer in some product segments. The rating is also
constrained by the lack of financial history as a standalone
entity.

The rating is supported by CSP Technologies' high operating margins
and its leading position in the diabetes test strip container
segment. The company benefits from long-term relationships with its
major customers and high manufacturing standards. Most of the
company's products are jointly developed and tested with their
customers' products, which can lead to high switching costs for
customers. Moody's expect volumes in its diabetes segment to
continue to increase with higher diagnosis levels in emerging
countries and increasing number of people afflicted with the
disease globally. The company has a pipeline of new products that
are expected to help diversify its products and end markets.
Moody's expect the company to maintain an adequate liquidity
profile.

The B3 rating on the new credit facilities is in line with the
corporate family because this is the only debt in the capital
structure. All debt in the capital structure is fist-lien bank debt
which indicates a higher recovery rate and results in the Caa1-PD
probability of default rating, consistent with Moody's Loss Given
Default methodology.

The stable ratings outlook reflects Moody's expectations that the
company's volumes will increase and it will generate free cash flow
over the next 12 to 18 months.

Given the company's small size and high concentration in the
diabetes test strip container market, Moody's don't expect to
upgrade its ratings in the intermediate term. The ratings could be
upgraded if the company increases its revenue base, diversifies its
products and customers and maintains strong EBIT margins and keeps
debt/EBITDA below 5.5 times.

The ratings could be downgraded if free cash flow to debt falls
below 3%, debt/EBITDA rises above 7 times and EBIT/Interest falls
below 1 times. The ratings could also be downgraded if the company
loses volume from any of its major customers.

The principal methodology used in these ratings was Global
Packaging Manufacturers: Metal, Glass, and Plastic Containers
published in June 2009. Other methodologies used include Loss Given
Default for Speculative-Grade Non-Financial Companies in the U.S.,
Canada and EMEA published in June 2009.



CSP TECHNOLOGIES: S&P Assigns 'B' CCR; Outlook Stable
-----------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to CSP Technologies S.a.r.l (CSP).  The outlook is
stable.

At the same time, S&P assigned a 'B+' issue rating (one notch
higher than the 'B' corporate credit rating) and a recovery rating
of '2' to the proposed $195 million first-lien senior secured
credit facilities.  The '2' recovery rating indicates S&P's
expectation of substantial (70% to 90%) recovery in the event of a
payment default.  The senior secured credit facilities consist of a
$25 million five-year revolving credit facility and a $170 million
seven-year term loan B.

"Our 'B' rating on CSP has been derived from our anchor of 'b',
based on our assessments of the company's 'fair' business risk and
'highly leveraged' financial risk profiles," said Standard & Poor's
credit analyst Henry Fukuchi.

The acquisition will be financed with a proposed $170 million term
loan B along with about $201 million in equity.

S&P's assessment of CSP's business risk profile as "fair" reflects
the company's narrow product focus of specialty desiccant plastic
packaging products primarily serving the healthcare market.  CSP's
primary products include diabetes test strip vials, packaging for
nicotine lozenges, vials for confectionary products, and testing
vials for the dairy industry.  S&P views the company's operations
in niche markets with limited competition, its significant market
share in the diabetes test strip vials, and its long-standing
relationship with customers as favorable, and which should support
its high EBITDA margins.  Nevertheless, its modest scale of
operations with significant customer concentration makes it
vulnerable to disruptions in operations at its key customers and
loss of any major customer would significantly affect its earnings.
CSP generates 40% of its revenues from the top three customers and
18% from its largest customer.

"The key competitive advantage for CSP is its six sigma quality and
specialized products that it jointly developed with its customers
and which requires the customers to install compatible
manufacturing facilities and production lines.  The technology is
also protected by patents held by CSP.  These factors increase
customer switching costs as the customers have to invest
substantial time and capital to shift to a competitor, including
performing stability testing and altering its manufacturing lines
to make it compatible with competitor's vials.  The high switching
costs and long-term contracts with the customers allows CSP to
retain most of its customers alleviating some risk from the
customer concentration," S&P noted.

The stable outlook reflects S&P's expectation that the company's
long-standing relationship with customers and high EBITDA margins
coupled with supportive financial policies will allow it to
maintain adjusted debt to EBITDA ratio of between 5x to 6x, which
S&P considers appropriate for the rating.

S&P considers a higher rating to be unlikely in the near term,
reflecting its view of an aggressive financial policy.  S&P could
raise the ratings modestly if leverage decreased to below 5x and
FFO to adjusted debt increased to over 12% and remained stable over
time.  For an upgrade, S&P would also need to believe that future
financial policies would support a higher rating.

S&P could lower the rating if the company's adjusted debt to EBITDA
ratio increases beyond 6.0x with no clear prospects of recovery, or
if its covenant cushion becomes constrained resulting in liquidity
issues.  This could result from a decline in EBITDA margin of
around 300 basis points or from a large acquisition of more than
$40 million.



CYCLONE POWER: Needs Additional Capital to Support Operations
-------------------------------------------------------------
Cyclone Power Technologies, Inc., filed its quarterly report on
Form 10-Q, reporting net income of $1.34 million on $175,000 of
total revenue for the quarter ended Sept. 30, 2014, compared with
a net loss of $872,000 on $213,000 of total revenue for the same
period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed
$2.41 million in assets, $3.16 million in liabilities, and a
stockholders' deficit of $748,000.

The Company incurred substantial operating and other losses and
expenses of $1.0 million for the nine months ended Sept. 30, 2014,
which included a $ 2.4 million gain on a sale of a subsidiary, and
a net $3.8 million loss for the year ended Dec. 31, 2013.  The
cumulative deficit since inception is $53.3 million.  The Company
has a working capital deficit at Sept. 30, 2014 of $1.9 million.
There is no guarantee whether the Company will be able to generate

enough revenue and/or raise capital to support its operations. This
raises substantial doubt about the Company's ability to
continue as a going concern.

A copy of the Form 10-Q is available at:

                        http://is.gd/UJblBJ

                        About Cyclone Power

Pompano Beach, Fla.-based Cyclone Power Technologies, Inc. (Pink
Sheets: CYPW) is a clean-tech engineering company, whose business
is to develop, commercialize and license its patented Rankine
cycle engine technology for applications ranging from renewable
power generation to transportation.  The Company is the successor
entity to the business of Cyclone Technologies LLLP, a limited
liability limited partnership formed in Florida in June 2004.
Cyclone Technologies LLLP was the original developer and
intellectual property holder of the Cyclone engine technology.

Cyclone Power reported a net loss of $3.79 million on $715,000 of
revenues for the year ended Dec. 31, 2013, as compared with a net
loss of $3 million on $1.13 million of revenues for the year ended
Dec. 31, 2012.

Mallah Furman, in Fort Lauderdale, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2013.  The independent auditors noted that
the Company's dependence on outside financing, lack of sufficient
working capital, and recurring losses raises substantial doubt
about its ability to continue as a going concern.



DENDREON CORP: Authorized to Implement Employee Incentive Plan
--------------------------------------------------------------
A bankruptcy judge authorized Dendreon Corporation, et al., to
implement their proposed key employee incentive plan and make all
payments pursuant thereto.

According to the order, the Debtor will consult with the Official
Committee of Unsecured Creditors in the exercise of the Debtors'
discretion under the KEIP in the determination of the distributable
value.

The KEIP will provide selected key employees of the Company with
certain payments upon the achievement of specified goals in
connection with certain restructuring event of the Company.

The awards under the plan will ensure the continued, collective
efforts of the participating key employees.

The aggregate bonus amount to be paid to the participant will be
$3.09 million.

                    About Dendreon Corporation

With corporate headquarters in Seattle, Washington, Dendreon
Corporation -- http://www.dendreon.com/-- a biotechnology company

focused on the development of novel cellular immunotherapies to
significantly improve treatment options for cancer patients.
Dendreon's first product, PROVENGE (sipuleucel-T), was approved by
the U.S. Food and Drug Administration (FDA) and became
commercially available for the treatment of men with asymptomatic
or minimally symptomatic castrate-resistant (hormone-refractory)
prostate cancer in April 2010.  Dendreon is traded on the NASDAQ
Global Market under the symbol DNDN.

Dendreon and its U.S. subsidiaries filed for Chapter 11 bankruptcy
protection (Bankr. D. Del.) on Nov. 10, 2014.  The Debtors have
requested that their cases be jointly administered under Case No.
14-12515.  Judge Peter J. Walsh presides over the cases.  The
petitions were signed by Gregory R. Cox, interim chief financial
officer and treasurer.

Dendreon sought bankruptcy protection after it reached agreements
on the terms of a financial restructuring with certain  holders of
the Company's 2.875% Convertible Senior Notes due 2016
representing 84% of the $620 million aggregate principal amount of
the 2016 Notes.  The financial restructuring may take the form of
a stand-alone recapitalization or a sale of the Company or its
assets.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP,
as counsel; Lazard Freres & Co. LLC, as investment banker;
AlixPartners, as restructuring advisors; and Prime Clerk LLC as
claims and noticing agent.

The Debtors disclosed $365 million in total assets and
$664 million in total liabilities as of June 30, 2014.

The U.S. Trustee for Region 3 has appointed five members to the
Official Committee of Unsecured Creditors.


DIOCESE OF HELENA: Disclosure Statement Hearing on Jan. 14
----------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that a bankruptcy judge is scheduled to hold a
hearing on Jan. 14, 2015, to consider the adequacy of the
disclosure statement explaining the Diocese of Helena, Montana's
plan of reorganization.

According to the report, under the plan, which was negotiated
between the church and its official committee representing
clergy-abuse victims, the church will contribute $2 million to a
victims’ fund, while seven insurance companies will contribute
$14.4 million to the fund in return for ending their liability
under policies they issued years ago.  The report said the
church’s portion will come from a $3.5 million loan to be secured
by the diocese’s real estate.

General unsecured creditors, whose claims are estimated to total
less than $1 million, will be paid in full, the report related.

                    About the Diocese of Helena

The Roman Catholic Bishop of Helena, Montana, a Montana Religious
Corporation Sole (a/k/a Diocese of Helena) sought protection
under Chapter 11 of the Bankruptcy Code on Jan. 31, 2014, to
resolve more than 350 sexual-abuse claims.  The Chapter 11 case
(Bankr. D. Mont. Case No. 14-60074) was filed in Butte, Montana.

Attorneys at Elsaesser Jarzabek Anderson Elliott & MacDonald,
Chtd., serve as counsel to the Debtor.  Gough, Shanahan, Johnson &
Waterman PLLP has been tapped as special counsel to provide legal
advice relating to sexual abuse claims.

Several Roman Catholic dioceses in the U.S. have filed for
bankruptcy to settle claims from current and former parishioners
who say they were sexually molested by priests.

The Roman Catholic Bishop of Helena filed its schedules of assets
and liabilities, which show assets with a value of more than
$16.037 million against debt totaling $33.6 million.  The filings
also showed that the diocese has $4.7 million in secured debt.
Creditors of the diocese assert $28.89 million in unsecured
non-priority claims.

The U.S. Trustee for Region 18 appointed seven creditors to serve
on the Official Committee of Unsecured Creditors.  The Committee
has retained Pachulski Stang Ziehl & Jones LLP as counsel.

The Court installed Michael R. Hogan as the legal representative
for these sex abuse victims: (a) are under 18 years of age before
the Claims Bar Date; (b) neither discovered nor reasonably should
have discovered before the Claims Bar Date that his or her injury
was caused by an act of childhood abuse; or (c) have a claim that
was barred by the applicable statute of limitations as of the
Claims Bar Date but is no longer barred by the applicable statute
of limitations for any reason, including for example the passage
of legislation that revives such claims.


DOMUM LOCIS: Jan. 14 Hearing on Motion to Stay Court Orders
-----------------------------------------------------------
The bankruptcy court presiding over Domum Locis LLC's Chapter 11
case will convene a hearing on Jan. 14, 2015, at 10:00 a.m., to
consider the motion to stay pending appeal of the Court's orders:

   (i) dismissing the Debtor's complaint against Lloyds TSB Bank,
Plc;

  (ii) granting Lloyds' motions for relief from the automatic stay;
and

(iii) denying the Debtor's motion to enter into certain
residential lease agreements.

Lloyds TSB Bank plc, now known as Lloyds Bank plc, has requested
that the Court deny the stay motion because the Debtor's motion for
stay failed to show that even one of the four relevant factors
weighs in favor of granting a stay.

To note, the Debtor has failed to meet its burden to show that it
will suffer "immediate threatened injury" if a stay is not granted.
The Debtor has failed to show that Lloyds TSB Bank, plc will not
be harmed if the stay is granted, and a stay pending appeal would
not serve the public interest.

Lloyds Bank is represented by:

         Martha S. Sullivan, Esq.
         Gabriel Colwell, Esq.
         Kristin E. Richner, Esq.
         Emily L. Wallerstein, Esq.
         SQUIRE PATTON BOGGS (US) LLP
         555 South Flower Street, 31st Floor
         Los Angeles, CA 90071
         Tel: +1 213 624 2500
         Fax: +1 213 623 4581
         E-mail: martha.sullivan@squirepb.com
                 gabriel.colwell@squirepb.com
                 kristin.richner@squirepb.com
                 emily.wallerstein@squirepb.com

                       About Domum Locis

Domum Locis LLC filed a Chapter 11 bankruptcy petition (Bankr.
C.D. Cal. Case No. 14-23301) on July 11, 2014.  Michael J. Kilroy
signed the petition as managing member.  The Debtor estimated
assets and liabilities of at least $10 million.  Cypress LLP serves
as the Debtor's counsel.  Judge Robert N. Kwan presides
over the case.

The Debtor selected Cypress LLP as general bankruptcy counsel.

The Debtor reported $14.6 million in assets and $11.04 million in
liabilities.


EDUCATION MANAGEMENT: Milbank Advises Lenders in Restructuring
--------------------------------------------------------------
Milbank, Tweed, Hadley & McCloy played a key role in the
just-announced restructuring of higher-education provider Education
Management Corporation (EDMC).  The firm advised the Ad Hoc Lender
Group that was instrumental in formulating and negotiating the
restructuring, and also represented a subset of that group that
successfully prevented enjoining of the restructuring in federal
district court.

Los Angeles-based Financial Restructuring partner Gregory Bray and
Corporate and Finance partners Eric Reimer and Melainie Mansfield
led the Milbank team representing the Ad Hoc Lender Group.  EDMC's
is the first successful restructuring of a large U.S.-based
for-profit education company.  In the initial phase of a two-part
process, EDMC, its secured lenders, and unsecured noteholders
agreed to exchange $1.5 billion of the company's funded
indebtedness for (1) new secured term debt of $400 million, new
revolving availability of $150 million and an extension of $108
million of letters of credit; (2) non-voting, convertible preferred
stock of EDMC; and (3) warrants exercisable into common equity of
EDMC after completion of the U.S. Dept. of Education's
pre-acquisition review process and the receipt of other applicable
regulatory approvals.

The restructuring occurred entirely out of court.  Chapter 11
bankruptcy protection was not available to the company or its
creditors, due to regulatory restrictions governing federal student
loans, which represent a critical portion of EDMC's revenue.

The out-of-court nature of the restructuring required the
formulation of an innovative, stepped process designed to gradually
give EDMC's creditors control of the business, consummating the
first step using Article 9 of the Uniform Commercial Code and a
combination of debt and non-voting preferred equity.  This approach
garnered the support of lenders holding approximately 99% of EDMC's
then outstanding funded indebtedness.

EDMC and the Ad Hoc Lender Group expect to consummate the second
step of the restructuring by mid-2015, upon the receipt of
additional regulatory approvals and a vote by EDMC's shareholders.

Milbank also represented a subset of the Ad Hoc Lender Group that
intervened in litigation brought by dissenting minority creditors
who sought a preliminary injunction on consummation of the
restructuring.  Following a two-day evidentiary trial, a federal
district court denied the plaintiffs' request for an injunction,
thereby paving the way for the first step of the restructuring.
Litigation partners Antonia Apps, Linda Dakin-Grimm, and Aaron
Renenger headed the Milbank team in this brief round of
litigation.

Ms. Apps is resident in Milbank's New York office, Ms. Dakin-Grimm
in New York and Los Angeles, and Mr. Renenger in Washington, DC.

The restructuring resolves EDMC's (1) covenant defaults under its
credit agreement, (2) near-term debt maturity concerns, including
the former $328.3 million revolving credit facility that, but for
the restructuring, would have become due on June 1, 2015 and (3)
short- and long-term liquidity constraints.

Peter Leyton of Ritzert & Leyton PC acted as special education
regulatory counsel for the Ad Hoc Lender Group.

                         About Milbank

Milbank, Tweed, Hadley & McCloy -- http://www.milbank.com-- is an
international law firm that has been providing innovative legal
solutions to clients throughout the world for more than 145 years.
Milbank is headquartered in New York and has offices in Beijing,
Frankfurt, Hong Kong, London, Los Angeles, Munich, Sao Paulo,
Singapore, Tokyo and Washington, DC.

The firm's lawyers provide a full range of legal services to the
world's leading commercial, financial and industrial enterprises,
as well as to institutions, individuals and governments.  Milbank's
lawyers meet the needs of its clients by offering a highly
integrated and collaborative range of services across key practice
groups throughout its global network.  Milbank's integrated
practice is underpinned by its attorneys' acknowledged technical
excellence, sectorial experience and a strong tradition of
innovation and client service.

                   About Education Management

Education Management LLC, an indirect subsidiary of Education
Management Corporation based in Pittsburgh, Pennsylvania, is one of
the largest providers of private post-secondary education in
North America.  The company's education systems (The Art
Institutes, Argosy University, Brown Mackie Colleges and South
University) offer associate through doctorate degrees with
approximately 120,000 students.  The company reported revenues of
approximately $2.4 billion for the twelve months ended March 31,
2014.

                           *    *     *

As reported by the TCR on Nov. 19, 2014, Standard & Poor's Ratings
Services said that it lowered its corporate credit rating on
Pittsburgh-based for-profit post-secondary school operator
Education Management LLC (EDMC) to 'D' from 'CC'.  The rating
actions follow the amendment to the company's credit facilities
that waived all financial covenants and substituted the originally
agreed upon cash interest and principal payments for a
payment-in-kind (PIK structure).

Moody's Investors Service has lowered the ratings of for-profit
post-secondary education company Education Management LLC,
including the Corporate Family Rating ("CFR") to Caa3 from Caa1,
and changed the outlook to negative from stable, the TCR reported
on May 6, 2014.  The ratings were downgraded in consideration of a
financial restructuring program that the company intends to
undertake, which Moody's believes could entail a distressed
exchange for debt.


EGENIX INC: Meeting to Form Creditors' Panel Set for Jan. 22
------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on Jan. 22, 2015, at 10:00 a.m. in the
bankruptcy case of Egenix Inc..

The meeting will be held at:

         J. Caleb Boggs Federal Building
         844 N. King Street
         5th Floor, Room 5209
         Wilmington DE 19801

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.  Section 1103 of the
Bankruptcy Code provides that the Committee may consult with the
debtor, investigate the debtor and its business operations and
participate in the formulation of a plan of reorganization.  The
Committee may also perform other services as are in the interests
of the unsecured creditors whom it represents.

As reported in the Troubled Company Reporter on Jan. 9, 2015,
Egenix, Inc., filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 14-12818) on Dec. 28, 2014, estimating its assets at
between $500,000 and $1 million and liabilities at between $1
million and $10 million.  The petition was signed by Lionel
Goldfrank, III, chairman of the board of directors.

David R. Hurst, Esq., at Cole, Schotz, Meisel, Forman & Leonard,
PA, serves as the Debtor's bankruptcy counsel.


ENDICOTT INTECONNECT: Plan Hearing Adjourned Until Jan. 22
----------------------------------------------------------
The bankruptcy court adjourned until Jan. 22, 2015, at 1:00 p.m.,
the hearing to consider the confirmation of Endicott Interconnect
Technologies, Inc., et al.'s Chapter 11 Plan.  The Court has
adjourned the hearing several times.

As reported in the TCR on May 13, 2014, EIT on Dec. 23, 2013, filed
its Liquidation Plan and proposed disclosure statement.  The
accompanying disclosure materials had unsecured creditors getting
an estimated recovery of 1% to 2% on about $35 million in claims.
The initial hearing to consider approval of the Disclosure
Statement was held on Feb. 27, 2014.  Since that time, the Debtors'
counsel has worked with the Office of the U.S. Trustee and the
Official Committee of Unsecured Creditors to resolve their
objections to the Disclosure Statement.  In addition, the Debtors
are working to resolve certain priority and general unsecured
claims that will impact the overall distribution to creditors in
the Chapter 11 cases.

                   About Endicott Interconnect

Endicott Interconnect Technologies, Inc., and its affiliates filed
a Chapter 11 petition (Bankr. N.D.N.Y. Case No. 13-61156) in
Utica, New York, on July 10, 2013, to sell the business before
cash runs out by the end of September.  David W. Van Rossum is the
Debtors' sole officer.  Bond, Schoeneck & King, PLLC, is counsel
to the Debtor.

Based in Endicott, New York, and formed in 2002, EIT is the
successor to the microelectronics division of IBM Corp.  The
products are used in aerospace, defense and medication
applications, among others.

The Company sought Chapter 11 bankruptcy protection after
suffering $100 million in operating losses in the last four years.
In addition to $16 million in secured claims, trade suppliers are
owed $34 million.  There is another $32 million owing for loans
made by shareholders.  The Company said the book value of property
is $36 million.

An official committee of unsecured creditors has been appointed in
the case with Avnet Electronics Marketing, Arrow Electronics,
Inc., Acbel Polytech, Inc., Cadence Design Systems, Inc.,
Orbotech, Inc., Tyco Electronics, and High Performance Copper
Foil, Inc. as members.  The committee is represented by Arent Fox
LLP.

The official creditors' committee said there could be $20.8
million in claims to bring against insiders.  In August 2013, the
judge authorized the committee to conduct an investigation of the
insiders.


ENERGY FUTURE: Committee Taps KCC as Administrative Agent
---------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Energy Future Holdings Corporation, et al., asks the
Bankruptcy Court for permission to retain Kurtzman Carson
Consultants LLC as its administrative agent.

KCC will, among other things:

   -- establish and maintain websites for each Committee
individually, well as provide technology and communications-related
services; and

   -- prepare and serve required notices and pleadings on behalf of
the Committee.

To the best of the Committee's knowledge, KCC is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

                       About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ENERGY FUTURE: Committee Taps Montgomery McCracken as Del. Counsel
------------------------------------------------------------------
The U.S. Bankruptcy Court will convene a hearing on Jan. 13, 2015,
at 9:30 a.m., to consider approval of the retention of  Montgomery,
McCracken, Walker & Rhoads LLP.

The Official Committee of Unsecured Creditors in the Chapter 11
cases of Energy Future Holdings Corp., et al., requested for
permission to retain MMWR as as Delaware Bankruptcy counsel and
conflicts counsel.

MMWR has advised the EFH Committee that MMWR's hourly rates for
professionals that will be primarily responsible for the matter
range from $330 to $690 for partners and of counsel; from $280 to
$425 for associates, and from $140 to $240 per hour for paralegals.


The primary attorneys and paralegals expected to represent the EFH
Committee, and their respective hourly rates are:

         Natalie D. Ramsey (Delaware partner)        $675
         Mark A. Fink (Delaware of counsel)          $590
         Davis Lee Wright (Delaware of counsel)      $535
         Katherine M. Fix (associate)                $290
         Keith T. Mangan (paralegal)                 $140

To the best of the Committee's knowledge, MMWR is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

                       About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of
$49.7 billion.  The Debtors have $42 billion of funded
indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ENERGY FUTURE: Jan. 13 Hearing on Employment of Stevens & Lee
-------------------------------------------------------------
The U.S. Bankruptcy Court will convene a hearing on Jan. 13, 2015,
to consider Energy Future Holdings Corp., et al.'s motion to employ
the law firm of Stevens & Lee, P.C. as special counsel.

S&L, as special counsel to Energy Future Intermediate Holding
Company LLC, will, among other things, advise and represent EFIH in
connection with conflict matters and in determining whether a
matter constitutes a conflict matter, reporting to and at the
direction of Charles H. Cremens, as the disinterested manager of
EFIH.

On Nov. 7, 2014, the Debtor's board of managers adopted resolutions
determining that Mr. Cremens is a disinterested manager of EFIH and
delegating to him authority to engage independent legal counsel and
other advisors as he deems necessary to represent and advise EFIH
on matters in which a conflict exists between EFIH and any other
Debtor.  On Dec. 9, EFIH's board of managers adopted supplemental
resolutions delegating to the disinterested manager the authority
to review and act upon any conflict matter, to investigate and
determine whether any
matter constitutes a conflict matter, and to make and implement all
decisions and bind EFIH and its subsidiaries in connection
therewith, with the advice of independent advisors or others with
whom he determines to consult.

On Nov. 16, Mr. Cremens chose Cravath, Swaine and Moore LLP to
advise and represent EFIH in connection with conflict matters.  On
Nov. 26, EFIH and Cravath selected S&L to act as Delaware counsel
and the application sought the firm's retention nunc pro tunc to
that date.

The current rates and proposed rates for 2015 are:

                                        2014             2015
                                        ----             ----
         Attorney                  $225 - $1,000   $230 - $1,060
         Shareholders              $430 - $1,000   $400 - $1,060
         Of Counsel                $445 -   $650   $410 -   $700
         Associates                $225 -   $575   $230 -   $600
         Paralegals                $220 -   $260   $240 -   $270
         Legal assistants              $160            $165

To the best of the Debtors' knowledge, S&L is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

                       About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of $49.7 billion.  The Debtors have $42
billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ENERGY FUTURE: Panel Taps AlixPartners as Restructuring Advisor
---------------------------------------------------------------
The U.S. Bankruptcy Court will convene a hearing on Jan. 13, 2015,
at 9:30 a.m., to consider approval of the retention of
AlixPartners, LLP as restructuring advisor for the Official
Committee of Unsecured Creditors in the Chapter 11 cases of Energy
Future Holdings Corp., et al.

AlixPartners, will, among other things:

   a. review and evaluate the Debtors' current financial condition,
business plans and cash and financial forecasts, and periodically
report to the EFH Committee regarding the same;

   b. review the Debtors' cash management, tax sharing and
intercompany accounting systems, practices and procedures; and

   c. review and investigate: (i) related party transactions,
including those between the Debtors and non-Debtor subsidiaries and
affiliates (including, but not limited to, shared services expenses
and tax allocations) and (ii) selected other prepetition
transactions.

Alan D. Holtz, managing director of AlixPartners, tells the Court
that the customary hourly billing rates are:

         Managing Directors               $875 – $1,010
         Directors                        $665 –   $815
         Vice Presidents                  $490 –   $590
         Associates                       $335 –   $435
         Analysts                         $290 –   $320
         Paraprofessionals                $220 –   $240

To the best of the Committee's knowledge, AlixPartners is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

                       About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of $49.7 billion.  The Debtors have $42
billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ENERGY FUTURE: Panel Taps Sullivan & Cromwell as Counsel
--------------------------------------------------------
The U.S. Bankruptcy Court will convene a hearing on Jan. 13, 2015,
at 9:30 a.m., to consider the motion of the Official Committee Of
Unsecured Creditors of Energy Future Holdings Corporation, et al.,
retain Sullivan & Cromwell LLP as its counsel.

S&C and the EFH Committee have agreed to these hourly rates:

Litigation and Restructuring Partners  $995 - $1,150
Other Partners                         $995 - $1,295
Counsel and Special Counsel            $995 - $1,190
Associates                             $460 -   $865
Legal Assistants                       $225 -   $355

These rates for the more senior timekeepers in each class.

To the best of the EFH Committee's knowledge, S&C is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

                       About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ENERGY FUTURE: Taps Guggenheim Securities as Investment Banker
--------------------------------------------------------------
The U.S. Bankruptcy Court will convene a hearing on Jan. 13, 2015,
at 9:30 a.m., to consider the approval of the motion of the
Official Committee of Unsecured Creditors in the Chapter 11 cases
of Energy Future Holdings Corp., et al., to retain Guggenheim
Securities as its investment banker.

Guggenheim Securities will, among other things:

   a. review and analyze the Debtors' business, operations,
financial condition and prospects;

   b. review and analyze the Debtors' business plans and financial
projections prepared by the Debtors' senior management, if
available; and

   c. evaluate the Debtors' liquidity and debt capacity.

Additionally, Rob Venerus will provide utilities knowledge and
expertise to the EFH Committee.

Ronen Bojmel, senior managing director and co-head of restructuring
at Guggenheim Securities, with headquarters at 330 Madison Avenue,
New York City, tells the Court that the fee structure includes:

   i. a non-refundable cash fee of $250,000 per month; and

  ii. a cash fee in an amount equal to $9,000,000.

To the best of the EFH Committee's knowledge, Guggenheim Securities
and Mr. Venerus are "disinterested persons" as that term is defined
in Section 101(14) of the Bankruptcy Code.

                       About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ENERGY FUTURE: Wants to Hire Goldin as Special Financial Advisor
----------------------------------------------------------------
The U.S. Bankruptcy Court will convene a hearing on Jan. 13, 2015,
at 9:30 a.m., to consider Energy Future Intermediate Holding
Company LLC's motion to employ Goldin Associates, LLC as special
financial advisor, effective nunc pro tunc to Dec. 11, 2014.

Goldin will be reporting to and taking direction from Charles H.
Cremens, the disinterested member of the board of managers of each
of EFIH in connection with conflicts Matters.

Goldin's work will not duplicate the efforts of Evercore Partners
or Alvarez & Marsal, whose role in the cases as primary financial
and restructuring advisors to the Debtors will remain unchanged.

EFIH will pay Goldin a monthly fee of $150,000 for each month of
Goldin's engagement.  EFIH will pay Goldin a contingent fee of
$2,000,000 upon confirmation of a plan of which EFIH is a proponent
or that EFIH otherwise supports.  50% of all monthly fees earned
for periods commencing October 2015 will be credited against any
contingent fee, provided that the credit will not exceed
$1,000,000.

In addition to professional fees paid to Goldin, EFIH will
reimburse Goldin for all reasonable expenses incurred by Goldin.

To the best of EFIH's knowledge, Goldin is a "disinterested
person" as that term is defined in section 101(14) of the
Bankruptcy Code.

                       About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


EQUINIX INC: S&P Affirms 'BB' Corporate Credit Rating
-----------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BBB-' issue-level
rating to Equinix Inc.'s $1.5 billion senior secured credit
facilities due 2019.  The recovery rating is '1' and indicates
S&P's expectation for very high (90% to 100%) recovery for secured
creditors in the event of a payment default.  The credit facility
consists of a $500 million term loan due 2019 (fully drawn as of
Dec. 31, 2014) and a $1 billion multi-currency revolving credit
facility due 2019.  Proceeds from the credit facility were used to
repay the company's existing secured credit facility in Dec. 2014.
In addition, S&P expects the company to use remaining proceeds for
general corporate purposes, including future capital expenditures,
distributions to stockholders, working capital, potential
acquisitions and strategic transactions.  The 'BB' corporate credit
rating and stable outlook are not affected.

Redwood City, Calif.–based Equinix is a data center operator
providing colocation and interconnection servicers to Internet
content providers, small- to midsize enterprises, larger global
enterprises, financial services companies, and network service
providers primarily in the Americas, Europe, and Asia-Pacific.  S&P
considers its business risk profile to be "satisfactory," given its
global reach, substantial set of facilities in favorable locations,
and large base of customers under multi-year contracts, which
constrains customer churn.  S&P expects leverage to be in the
mid-3x area in 2015, which is its midpoint for an "aggressive"
financial risk profile.  Equinix's conversion to a REIT in 2015
requires significant, ongoing cash distributions and will limit the
prospect for material improvement in financial metrics.

RATINGS LIST

Equinix Inc.
Corporate Credit Rating                  BB/Stable/--

New Rating

Equinix Inc.
$1 bil. revolver due 2019
Senior Secured                           BBB-
  Recovery Rating                         1
$500 mil. term loan due 2019
Senior Secured                           BBB-
  Recovery Rating                         1



EVE PROPERTIES: Case Summary & 6 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Eve Properties Limited Partnership
           dba Ermin Herrick Rental
        1040 Scotts Station Road
        Shelbyville, KY 40065

Case No.: 15-30006

Chapter 11 Petition Date: January 9, 2015

Court: United States Bankruptcy Court
       Eastern District of Kentucky (Frankfort)

Debtor's Counsel: Dean A. Langdon, Esq.
                  DELCOTTO LAW GROUP PLLC
                  200 N Upper St
                  Lexington, KY 40507
                  Tel: (859) 231-5800
                  Email: dlangdon@dlgfirm.com

Total Assets: $3.66 million

Total Liabilities: $1.67 million

The petition was signed by William Embry Herrick, general partner.

A list of the Debtor's six largest unsecured creditors is available
for free at http://bankrupt.com/misc/kyeb15-30006.pdf


EXIDE TECHNOLOGIES: Has Backstop Deal With MacKay Shields, et al.
-----------------------------------------------------------------
Exide Technologies on Jan. 7, 2015, entered into a backstop
commitment agreement with certain of its senior secured
noteholders.  Pursuant to the BCA, and subject to the terms and
conditions thereof, the Backstop Parties have agreed to purchase up
to $160 million of $175 million new second lien convertible debt in
the reorganized company to be offered in a rights offering under
the Proposed Plan.

In connection with the Company's entry into the BCA, the Company
and the holders of a majority of the principal amount of the
Company's senior secured notes also amended and restated the plan
support agreement with the holders of a majority of the outstanding
principal amount of the Company's senior secured notes,
memorializing support for the Company's Proposed Plan.

A copy of the BACKSTOP COMMITMENT AGREEMENT AMONG EXIDE
TECHNOLOGIES AND THE BACKSTOP PARTIES PARTY HERETO, dated as of
Jan. 7, 2015, is available at http://is.gd/cWPRUw

A copy of Exide's Second Amended and Restated Plan Support
Agreement, dated Jan. 7, 2015, is available at http://is.gd/cWPRUw

The Backstop Parties and the amounts they commit are:

                                              Backstop Commitment
   Backstop Party              Primary Notes         Amount
   --------------              -------------  -------------------
MacKay Shields LLC, as
investment adviser on
behalf of the Lenders
it advises                       $31,960,963       $40,471,537

Alliance Bernstein High
Income Fund, AB Global High
Income Fund, ACM Global
High Yield - Offshore and
Certain other affiliates          17,440,630        24,991,870

D.E. Shaw Galvanic
Portfolios, L.L.C and other
affiliated funds                  12,962,963         1,537,037

Neuberger Berman Fixed
Income LLC, as investment
manager                            8,328,963         3,671,037

The Northwestern Mutual
Life Insurance Company             5,081,481         4,918,519

Stonehill Institutional
Partners, L.P. and
Stonehill Master Fund LTD          1,814,815         5,185,185

BDCM Opportunity Fund III LP         760,000                 -

Nomura Corporate Research
and Asset MGMT Inc.                  875,000                 -
                               -------------  -------------------
     Total                        $79,224,81       $80,775,185


                               Aggregate      Beneficially
                               Commitment     Controlled Owned
   Backstop Party              Amount         DIP Claims
   --------------              -------------  -------------------
MacKay Shields LLC, as
investment adviser on
behalf of the Lenders
it advises                       $72,432,500       $37,976,277

Alliance Bernstein High
Income Fund, AB Global High
Income Fund, ACM Global
High Yield - Offshore and
Certain other affiliates          42,432,500        44,488,022

D.E. Shaw Galvanic
Portfolios, L.L.C and other
affiliated funds                  14,500,000        43,645,868

Neuberger Berman Fixed
Income LLC, as investment
manager                           12,000,000         2,370,793

The Northwestern Mutual
Life Insurance Company            10,000,000        20,320,871

Stonehill Institutional
Partners, L.P. and
Stonehill Master Fund LTD          7,000,000        33,645,907

BDCM Opportunity Fund III LP         760,000         3,748,567

Nomura Corporate Research
and Asset MGMT Inc.                  875,000         7,293,341
                               -------------  ----------------
     Total                      $160,000,000      $293,489,646

Exide is represented in the transaction by:

     Kenneth S. Ziman, Esq.
     J. Eric Ivester, Esq.
     SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
     Four Times Square
     New York, NY 10036-6522
     E-mail: ken.ziman@skadden.com
             eric.ivester@skadden.com

          - and -

     James J. Mazza, Jr., Esq.
     SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
     155 N. Wacker Dr.
     Chicago, IL 60606
     E-mail: james.mazza@skadden.com

          - and -

     Steven J. Daniels, Esq.
     SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
     One Rodney Square
     920 N. King Street
     Wilmington, DE 19801
     E-mail: steven.daniels@skadden.com

Counsel for the Backstop Parties are:

     Alan W. Kornberg, Esq.
     Alice Belisle Eaton, Esq.
     Lawrence G. Wee, Esq.
     PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
     1285 Avenue of the Americas
     New York, NY 10019-6064
     E-mail: akornberg@paulweiss.com
             aeaton@paulweiss.com
             lwee@paulweiss.com

          - and -

     Pauline K. Morgan, Esq.
     Andrew L. Magaziner, Esq.
     YOUNG CONAWAY STARGATT & TAYLOR, LLP
     Rodney Square
     1000 North King Street
     Wilmington, DE 19801
     E-mail: pmorgan@ycst.com
             amagaziner@ycst.com

                    About Exide Technologies

Headquartered in Princeton, New Jersey, Exide Technologies (NASDAQ:
XIDE) -- http://www.exide.com/-- manufactures and   distributes
lead acid batteries and other related electrical energy storage
products.

Exide first sought Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002 and exited bankruptcy two years after.
Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl & Jones
LLP represented the Debtors in their successful restructuring.

Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No.
13-11482) on June 10, 2013.  Exide disclosed $1.89 billion in
assets and $1.14 billion in liabilities as of March 31, 2013.

Exide's international operations were not included in the filing
and will continue their business operations without supervision
from the U.S. courts.

For the new case, Exide has tapped Anthony W. Clark, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, and Pachulski Stang Ziehl
& Jones LLP as counsel; Alvarez & Marsal as financial advisor;
Sitrick and Company Inc. as public relations consultant and GCG as
claims agent.  Schnader Harrison Segal & Lewis LLP was tapped as
special counsel.

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as
co-counsel.  Zolfo Cooper, LLC serves as its bankruptcy consultants
and financial advisors.  Geosyntec Consultants was tapped as
environmental consultants to the Committee.

Robert J. Keach of the law firm Bernstein Shur as fee examiner has
been appointed as fee examiner.  He has hired his own firm as
counsel.

                            *     *     *

In November 2014, the Bankruptcy Court terminated Exide
Technologies' exclusive period to propose a Chapter 11 plan.  The
Court ordered that any party-in-interest, including the Official
Committee of Unsecured creditors may file and solicit acceptance of
a Chapter 11 Plan.

Exide already has a plan of reorganization in place. Under that
Plan, (a) Reorganized Exide's debt at emergence will comprise: (i)
an estimated $225 million Exit ABL Revolver Facility; (ii) $264
million of New First Lien High Yield Notes; (iii) $284 million of
New Second Lien Convertible Notes.  The Debtor's non-debtor
European subsidiaries are also expected to have approximately $23
million; (b) The New Second Lien Convertible Notes will be
convertible into 80% of the New Exide Common Stock on a fully
diluted basis; and (c) New Exide Common Stock would be allocated as
follows: 15.0% to Holders of Senior Secured Note Claims after
conversion of the New Second Lien Convertible Notes into New Exide
Common Stock; 3.0% on account of the  DIP/Second Lien Conversion
Funding Fee; and 2.0% on account of the DIP/Second Lien Backstop
Commitment Fee.

Exide has entered into an amended and restated plan support
agreement with holders of a majority of the principal amount of its
senior secured notes.

A full-text copy of the Disclosure Statement dated Nov. 17, 2014,
is available at http://bankrupt.com/misc/EXIDEds1117.pdf

In December 2014, Judge Kevin Carey denied the request of Exide
shareholders for appointment of an official equity holders'
committee.  The shareholders have objected to the Plan.


EXIDE TECHNOLOGIES: Seeks Bankruptcy Peace Plan w/ Creditors
------------------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that
Exide Technologies Inc. is trying to reach a deal with its
unsecured creditors that will ward off a contest over its effort to
get out of Chapter 11 bankruptcy.  According to the report, the
battery maker wants to exit bankruptcy either by way of a deal with
junior creditors, like the one it has reached with senior
creditors, or by way of a sale.  What it doesn't want is a court
fight that will prolong its stay in Chapter 11, Exide lawyer Eric
Ivester told a judge, the DBR report said.

                    About Exide Technologies

Headquartered in Princeton, New Jersey, Exide Technologies (NASDAQ:
XIDE) -- http://www.exide.com/-- manufactures and   distributes
lead acid batteries and other related electrical energy storage
products.

Exide first sought Chapter 11 protection (Bankr. Del. Case No.
02-11125) on April 14, 2002 and exited bankruptcy two years after.

Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland &
Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl & Jones
LLP represented the Debtors in their successful restructuring.

Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No.
13-11482) on June 10, 2013.  Exide disclosed $1.89 billion in
assets and $1.14 billion in liabilities as of March 31, 2013.

Exide's international operations were not included in the filing
and will continue their business operations without supervision
from the U.S. courts.

For the new case, Exide has tapped Anthony W. Clark, Esq., at
Skadden, Arps, Slate, Meagher & Flom LLP, and Pachulski Stang Ziehl
& Jones LLP as counsel; Alvarez & Marsal as financial advisor;
Sitrick and Company Inc. as public relations consultant and GCG as
claims agent.  Schnader Harrison Segal & Lewis LLP was tapped as
special counsel.

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as
co-counsel.  Zolfo Cooper, LLC serves as its bankruptcy consultants
and financial advisors.  Geosyntec Consultants was tapped as
environmental consultants to the Committee.

Robert J. Keach of the law firm Bernstein Shur as fee examiner has
been appointed as fee examiner.  He has hired his own firm as
counsel.

                            *     *     *

In November 2014, the Bankruptcy Court terminated Exide's exclusive
period to propose a Chapter 11 plan.  The Court ordered that any
party-in-interest, including the Official Committee of Unsecured
creditors may file and solicit acceptance of a Chapter 11 Plan.

Exide already has a plan of reorganization in place. Under that
Plan, (a) Reorganized Exide's debt at emergence will comprise: (i)
an estimated $225 million Exit ABL Revolver Facility; (ii) $264.1
million of New First Lien High Yield Notes; (iii) $283.8 million of
New Second Lien Convertible Notes.  The Debtor's non-debtor
European subsidiaries are also expected to have approximately $23
million; (b) The New Second Lien Convertible Notes will be
convertible into 80% of the New Exide Common Stock on a fully
diluted basis; and (c) New Exide Common Stock would be allocated as
follows: 15.0% to Holders of Senior Secured Note Claims after
conversion of the New Second Lien Convertible Notes into New Exide
Common Stock; 3.0% on account of the DIP/Second Lien Conversion
Funding Fee; and 2.0% on account of the DIP/Second Lien Backstop
Commitment Fee.

Exide has entered into an amended and restated plan support
agreement with holders of a majority of the principal amount of its
senior secured notes.

A full-text copy of the Disclosure Statement dated Nov. 17, 2014,
is available at http://bankrupt.com/misc/EXIDEds1117.pdf     

In December 2014, Judge Kevin Carey denied the request of Exide
shareholders for appointment of an official equity holders'
committee.  The shareholders have objected to the Plan.


F&H ACQUISITION: Has Until March 12, 2015 to Remove Actions
-----------------------------------------------------------
The U.S, Bankruptcy Court, in a third order, extended until March
12, 2015, the period within which F & H Acquisition Corp., et al.,
may remove actions pursuant to 28 U.S.C. Sec. 1452.

As reported in the Troubled Company Reporter on Nov. 21, 2014, the
Debtors are parties to actions pending in the courts of certain
states and federal districts, and believe that it is prudent to
seek an extension of the time established by Bankruptcy Rule 9027
to protect the rights of the Debtors and their estates to remove
these actions.

Wichita, Kansas-based F & H Acquisition Corp., et al., owners of
the Fox & Hound, Champps, and Bailey's Sports Grille casual dining
restaurants, filed sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 13-13220) on Dec. 16, 2013, to quickly sell their
assets.

As of the bankruptcy filing, the Debtors had 101 restaurants
located in 27 states and 6,000 employees.  F & H disclosed
$122 million in assets and $123 million in liabilities as of the
Chapter 11 filing.

The Debtors are represented by Robert S. Brady, Esq., Robert F.
Poppiti, Jr., Esq., and Rodney Square, Esq., at Young, Conaway,
Stargatt & Taylor, LLP of Wilmington, DE; and Adam H. Friedman,
Esq., Jordana L. Nadritch, Esq., and Jonathan T. Koevary, Esq. at
Olshan Frome Wolosky, LLP of New York, NY.  Imperial Capital LLC
as financial advisor; and Epiq Bankruptcy Solutions as claims and
noticing agent.

The Official Committee of Unsecured Creditors is represented by
Bradford J. Sandler, Esq., at Pachulski Stang Ziehl & Jones, LLP,
in Wilmington; and Jeffrey N. Pomerantz, Esq., at Pachulski Stang
Ziehl & Jones, LLP, in Los Angeles, California.

By order dated Feb. 28, 2014, the Court approved the sale of
substantially all of the assets pursuant to an Asset Purchase
Agreement, dated as of Feb. 7, 2014, by and among the Debtors and
Cerberus Business Finance, LLC, as buyer.  The sale closed on
March 12, 2014.


F&H ACQUISITION: Seeks April 13 Extension of Plan Filing Date
-------------------------------------------------------------
F&H Acquisition Corp., et al., ask the U.S. Bankruptcy Court for
the District of Delaware to further extending their exclusive plan
filing period through and including April 13, 2015, and exclusive
solicitation period through and including June 8, 2015.

According to the Debtors, they are still in the process of
reconciling claims, particularly priority claims and administrative
claims, which will help guide them to a resolution of their Chapter
11 cases.  The proposed exclusivity extension, the Debtors tell the
Court, complements their claims reconciliation timeline and
efforts, and will give the Debtors the additional time they need to
continue the claims resolution process as well as determine the
appropriate exit mechanism for their bankruptcy cases.

A hearing on the extension request is set for Feb. 9, 2015, at
11:00 a.m. (ET).  Objections are due Jan. 23.

                  About F & H Acquisition Corp.

Wichita, Kansas-based F & H Acquisition Corp., et al., owners of
the Fox & Hound, Champps, and Bailey's Sports Grille casual dining
restaurants, filed sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 13-13220) on Dec. 16, 2013, to quickly sell their
assets.

As of the bankruptcy filing, the Debtors had 101 restaurants
located in 27 states and 6,000 employees.  F & H disclosed
$122,115,200 in assets and $122,579,631 in liabilities as of the
Chapter 11 filing.

The Debtors are represented by Robert S. Brady, Esq., Robert F.
Poppiti, Jr., Esq., and Rodney Square, Esq., at Young, Conaway,
Stargatt & Taylor, LLP of Wilmington, DE; and Adam H. Friedman,
Esq., Jordana L. Nadritch, Esq., and Jonathan T. Koevary, Esq. at
Olshan Frome Wolosky, LLP of New York, NY.  Imperial Capital LLC
as financial advisor; and Epiq Bankruptcy Solutions as claims and
noticing agent.

The Official Committee of Unsecured Creditors is represented by
Bradford J. Sandler, Esq., at Pachulski Stang Ziehl & Jones, LLP,
in Wilmington; and Jeffrey N. Pomerantz, Esq., at Pachulski Stang
Ziehl & Jones, LLP, in Los Angeles, California.

By order dated Feb. 28, 2014, the Court approved the sale of
substantially all of the assets pursuant to an Asset Purchase
Agreement, dated as of Feb. 7, 2014, by and among the Debtors and
Cerberus Business Finance, LLC, as buyer.  The sale closed on
March 12, 2014.


FALCON STEEL: Unit Wants to Sell Heavy Industrial Equipment
-----------------------------------------------------------
Falcon Steel Company, and New Falcon Steel, LLC ask the U.S.
Bankruptcy Court to authorize New Falcon to enter into and
consummate a private sale of heavy industrial equipment.

New Falcon will sell the equipment to Ingenia GmbH for a purchase
price of EUR878,000 or $1.083 million.

The equipment consist of lift stations and overhead cranes for
material movement in commercial and industrial applications.  The
equipment is not currently being used by the Debtors, and it is not
necessary for the Debtors' reorganization.

The Debtors propose to place the proceeds of the sale in a
segregated account pending final determination of any security
interests in the proceeds.

                        About Falcon Steel

Falcon Steel Company and New Falcon Steel, LLC, sought Chapter 11
protection in the U.S. Bankruptcy Court for the Northern District
of Texas, Fort Worth Division (Case Nos. 14-42585 and 14-42586) on
June 29, 2014.  Falcon Steel claims to be the only American-owned
company that builds steel lattice towers for high electrical
transmission lines.

Falcon Steel was formed in 1963 and has operated continuously
since that time as a manufacturer engaged in fabricating and
galvanizing structural steel for customers in the United States.
New Falcon, a subsidiary, suspended operations in June 2013 and is
being held for sale.

Falcon has three manufacturing plants in the DFW area in Texas,
with one facility in Haltom City, another in Euless, and the third
facility in Kaufman, Texas.  The company's corporate headquarters
is located at its Haltom City plant.  It currently employs
approximately 255 employees.

Bankruptcy Judge D. Michael Lynn, in an amended order, directed
the joint administration of the cases (Lead Case No. 14-42585).

Falcon Steel estimated assets and debt of $10 million to $50
million.

The Debtors have tapped Forshey & Prostok, LLP, as general counsel
and Decker, Jones, McMackin, McClane, Hall & Bates, P.C. as special
corporate counsel.  Ryan LLC acts as property tax consultant.  The
Debtors also tapped Western Operations LLC as financial consultant,
and Rylander, Clay & Opitz, LLP, as accountants.

The U.S. Trustee has appointed a five-member panel to serve as the
official unsecured creditors committee in the Debtors' cases.  The
Committee has tapped McCathern, PLLC, as counsel.


FALCON STEEL: US Trustee Appoints One More Committee Member
-----------------------------------------------------------
The U.S. Trustee for Region 6 on Jan. 8, 2015, appointed Larry
Swagger to Falcon Steel Co.'s official committee of unsecured
creditors.  

The unsecured creditors' committee is now composed of:

     (1) Ralph Thomas
         Secretary
         Red Ball Oxygen Co., Inc.
         609 N. Market
         Shreveport, Louisiana 71107
         Phone: 318-423-2051

     (2) Robert Gomez
         Credit Manager
         Willbanks Metals, Inc.
         1155 NE 28th Street
         Fort Worth, Texas 76106
         Phone: 817-625-6161

     (3) Tara Mackey
         Chief Legal Officer and Secretary
         AZZ Galvanizing
         One Museum Place
         3100 West 7th Street, Suite 500
         Fort Worth, Texas 76107
         Phone: 817-810-0095

     (4) Scott Munsen
         Credit Manager
         Steel & Pipe Supply Co.
         555 Poyntz Avenue
         Manhattan, KS 66502
         Phone: 785-587-5140

     (5) Varity Schwartz
         Director of Corp. Services
         Focus North America, Inc.
         1005 W. 8th Street
         Vancouver, WA 98660
         Phone: 360-694-9566

     (6) Larry Swagger
         P. O. Box 251
         Gordon, TX 76453
         Phone: 254-693-5529

                        About Falcon Steel

Falcon Steel Company and New Falcon Steel, LLC, sought Chapter 11
protection in the U.S. Bankruptcy Court for the Northern District
of Texas, Fort Worth Division (Case Nos. 14-42585 and 14-42586) on
June 29, 2014.  Falcon Steel claims to be the only American-owned
company that builds steel lattice towers for high electrical
transmission lines.

Falcon Steel was formed in 1963 and has operated continuously since
that time as a manufacturer engaged in fabricating and galvanizing
structural steel for customers in the United States.  New Falcon, a
subsidiary, suspended operations in June 2013 and is being held for
sale.

Falcon has three manufacturing plants in the DFW area in Texas,
with one facility in Haltom City, another in Euless, and the third
facility in Kaufman, Texas.  The company's corporate headquarters
is located at its Haltom City plant.  It currently employs
approximately 255 employees.

Bankruptcy Judge D. Michael Lynn, in an amended order, directed the
joint administration of the case of Falcon Steel Company and New
Falcon Steel, LLC (Lead Case No. 14-42585).

Falcon Steel estimated assets and debt of $10 million to $50
million.

The Debtors have tapped Forshey & Prostok, LLP, as general counsel
and Decker, Jones, McMackin, McClane, Hall & Bates, P.C. as special
corporate counsel.  Ryan LLC acts as property tax consultant.  The
Debtors also tapped Western Operations LLC as financial consultant,
and Rylander, Clay & Opitz, LLP, as accountants.

The U.S. Trustee has appointed a five-member panel to serve as the
official unsecured creditors committee in the Debtors' cases.  The
Committee has tapped McCathern, PLLC, as counsel.


FISHER ISLAND: Abramson Law Group Must Produce Docs, Court Says
---------------------------------------------------------------
In the adversary cases, FISHER ISLAND INVESTMENTS, INC., MUTUAL
BENEFITS OFFSHORE FUND, LTD., and LITTLE REST TWELVE, INC.,
Plaintiffs, v. AREAL PLUS GROUP, SOLBY WESTBRAE PARTNERS, 19 SHC,
CORP., 601/1700 NBC, LLC, and THE ABRAMSON LAW GROUP, PLLC,
Defendants, Adv. Proc. Nos. 13-1835-AJC, 13-1836-AJC, 13-1837-AJC
(Bankr. S.D. Fla.), Bankruptcy Judge A. Jay Cristol granted the
motion of the Alleged Debtors Fisher Island Investments, Mutual
Benefits Offshore Fund, and Little Rest Twelve seeking an order:

     (1) overruling the privilege objections of Defendant The
Abramson Law Group, PLLC;

     (2) compelling the production of documents concerning
communications between Abramson and its clients, on the one hand,
and the Zeltser Group and its counsel, including Emanuel Zeltser,
on the other; and

     (3) permitting the Alleged Debtors to re-depose Abramson's
corporate representative(s) concerning all subject matters on which
Abramson refused to respond on the basis of the purported "common
interest" privilege.

The adversary proceeding relates to whether the Defendants
wrongfully secured an ex parte, $32 million "confession" judgment
in New York state court against the Alleged Debtors while the
Alleged Debtors were subject to previously filed involuntary
bankruptcy proceedings in this Court. The bankruptcy proceedings
were initiated by virtually the same Defendants on virtually the
same debts sued upon in New York. The adversary complaint requests
injunctive relief against the enforcement of that judgment and
damages.

A copy of Judge Cristol's Jan. 8, 2015 Order is available at
http://is.gd/vKPOAkfrom Leagle.com.

The Alleged Debtors are represented by:

     Patricia Redmond, Esq.
     STEARNS WEAVER MILLER WEISSLER ALHADEFF & SITTERSON P.A.
     150 West Flagler Street
     Miami, FL 33130
     Tel:(305) 789-3553
     E-mail: predmond@stearnsweaver.com

                  About Fisher Island Investments

Solby+Westbrae Partners; 19 SHC Corp.; Ajna Brands Inc.; 601/1700
NBC LLC; Axafina Inc.; and Oxana Adler, LLM, filed an involuntary
Chapter 11 petition against Miami Beach, Florida-based Fisher
Island Investments, Inc. (Bankr. S.D. Fla. Case No. 11-17047) on
March 17, 2011.

On the same date, involuntary Chapter 11 petitions were also filed
against the Company's affiliates, Mutual Benefits Offshore Fund,
LTD (Bankr. S.D. Fla. Case No. 11-17051) and Little Rest Twelve,
Inc. (Bankr. S.D. Fla. Case No. 11-17061).  Judge A. Jay Cristol
presides over the case.  The case was previously assigned to Judge
Laurel M. Isicoff.

Petitioning creditors are represented by Craig A. Pugatch, Esq.,
and George L. Zinkler, Esq., at Rice Pugatch Robinson & Schiller,
P.A., 101 NE 3 Ave. Suite 1800, Fort Lauderdale FL 33301.

John F. O'Sullivan, Esq., at Hogan Lovells US LLP, Patricia A.
Redmond, Esq., at Stearns Weaver Miller Weissler Alhadeff &
Sitterson, P.A.,, and Terrance A. Dee, Esq., at DiBello, Lopez &
Castillo, P.A., represent Alleged Debtor Fisher Island
Investments, Inc., as counsel.


FOREST OIL: BlackRock No Longer a 5% Shareholder
------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, BlackRock, Inc., disclosed that as of Dec. 31,
2014, it beneficially owned 25,897 shares of common stock of Forest
Oil Corp representing 0 percent of the shares outstanding.
BlackRock previously held 6,835,404 shares representing 5.7 percent
at Oct. 31, 2014.  A full-text copy of the regulatory filing is
available for free at http://is.gd/MYTXXu

                          About Forest Oil

Forest Oil is an independent oil and gas company engaged in the
acquisition, exploration, development, and production of oil,
natural gas, and natural gas liquids ("NGLs") primarily in North
America.

Ernst & Young LLP, in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent accounting firm noted
that the Company has determined that it expects to fail a
financial covenant in its Credit Facility sometime prior to the
end of 2014, which could result in the acceleration of all
borrowings thereunder and the Company's senior unsecured notes due
2019 and 2020.  This raises substantial doubt about the Company's
ability to continue as a going concern.

The Company's balance sheet at Sept. 30, 2014, the Company had
$927 million in total assets, $1.07 billion in total
liabilities and a $148 million total shareholders' deficit.

                            *    *    *

As reported by the TCR on Aug. 25, 2014, Standard & Poor's Ratings
Services said that its 'B-' corporate credit rating and its other
ratings on Denver-based Forest Oil Corp. remain on CreditWatch
with positive implications, pending the close of a merger
transaction with Sabine Oil & Gas LLC.


GENERAL STEEL: Shareholders Elected 5 Directors to Board
--------------------------------------------------------
General Steel Holdings, Inc., held its 2014 annual general meeting
on Dec. 29, 2014, at which the shareholders:

   1. elected five members to its Board of Directors (Zuosheng Yu,
      John Chen, James Hu, Angela He, and Zhongkui Cao) to serve
      until the annual meeting of shareholders to be held in 2015
      and until their respective successors are elected and
      qualified;

   2. ratified the appointment of Friedman LLP as the independent
      registered public accounting firm of the Company for the
      fiscal year ending Dec. 31, 2014;

   3. approved and ratified an amendment to the Company's 2008
      Equity Incentive Plan, as amended, to increase the number of
      shares of the Company's common stock reserved for issuance
      thereunder to 6,000,000;

   4. approved, on a non-binding basis, the compensation of the
      Company's Named Executive Officers; and

   5. approved a reverse stock split of the Company's common
      stock, pursuant to which, each stockholder will receive one
      share of the Company's common stock in exchange for every
      two, three or four shares of the Company's common stock
      owned at the effective time of that reverse split, with the
      exact ratio to be determined by the Company's Board of
      Directors.

At the meeting, an amendment to the aforementioned resolution was
introduced to the effect that the Reverse Split would not take
effect immediately upon approval of the resolution, but rather
subject to and only upon the Board of Directors of the Company
resolving to approve and proceed with such Reverse Split.

                    About General Steel Holdings

General Steel Holdings, Inc., headquartered in Beijing, China,
produces a variety of steel products including rebar, high-speed
wire and spiral-weld pipe.  The Company has operations in China's
Shaanxi and Guangdong provinces, Inner Mongolia Autonomous Region
and Tianjin municipality with seven million metric tons of crude
steel production capacity under management.  For more information,
please visit http://www.gshi-steel.com/

The Company reported a net loss of $42.6 million in 2013, a net
loss of $232 million in 2012, a net loss of $283 million in
2011, and a net loss of $46.27 million in 2010.

The Company's balance sheet at Sept. 30, 2014, showed $2.76 billion
in assets, $3.35 billion in liabilities, and a $584 million total
deficiency.


GLOBAL GEOPHYSICAL: Amegy Bank Approved to Effectuate a Setoff
--------------------------------------------------------------
U.S. Bankruptcy Judge Richard S. Schmidt signed off an agreed order
between Autoseis, Inc., et al., and Amegy Bank N.A., terminating
the automatic stay.

On Dec. 19, 2014, Amegy Bank, secured creditor and
party-in-interest, sought relief from the automatic stay in order
to effectuate a postpetition setoff.

Pursuant to the agreed order, the Court authorized Amegy Bank to:

   -- immediately set off against the collateral in its possession
any amounts drawn down by British Arab Commercial Bank, Ltd.
against the LC or under the Amegy LC Facility;

   -- immediately issue any notice(s) necessary to BACB to inform
BACB that Amegy Bank will not extend and renew the Amegy LC
Facility.

            About Global Geophysical, Autoseis et al.

Global Geophysical Services Inc., a provider of seismic data for
the oil and gas drilling industry, sought bankruptcy protection,
intending to reorganize on its own with additional capital or
explore a sale or other transaction.

Based in Missouri City, Texas, Global Geophysical disclosed assets
of $468.7 million and liabilities totaling $407.3 million as of
Sept. 30, 2013.  Liabilities include $81.8 million on a secured
term loan owing to TPG Specialty Lending Inc. and Tennenbaum
Capital Partners LLC.  TPG is the lenders' agent.  Global also
owes $250 million on two issues of 10.5 percent senior unsecured
notes, with Bank of New York Mellon Trust Co. as indenture
trustee.

Global Geophysical and five affiliates, including Autoseis, Inc.
(lead debtor), filed Chapter 11 petitions in Corpus Christi, Texas
(Bankr. S.D. Tex. Lead Case No. 14-20130) on March 25, 2014.

The Debtors are represented by C. Luckey McDowell, Esq., Omar
Alaniz, Esq., and Ian E. Roberts, Esq., at Baker Botts, LLP, in
Dallas, Texas; and Shelby A. Jordan, Esq., and Nathanial Peter
Holzer, Esq., at Jordan, Hyden, Womble, Culbreth, & Holzer, PC in
Corpus Christi, Texas.  Alvarez & Marsal serves as the Debtors'
restructuring advisors, Fox Rothschild Inc. as financial advisor,
and Prime Clerk as claims and noticing agent.

The Plan of Reorganization is premised upon a backstop conversion
commitment agreement negotiated with an ad hoc group of Senior
Noteholders, which holds approximately 57% of the Senior Notes and
substantially all of the Company's $151.9 million DIP Loan, and
the Official Committee of Unsecured Creditors.  The Ad Hoc Group
will convert up to $68.1 million of their debt into equity.

The U.S. Trustee for Region 7, has selected seven creditors to the
Official Committee of Unsecured Creditors.  The Committee tapped
Greenberg Traurig, LLP as counsel; and Lazard Freres & Co. LLC and
Lazard Middle Market LLC, as financial advisors and investment
bankers.

The Ad Hoc Group of Noteholders and the DIP Lenders are
represented by Marty L. Brimmage, Jr., Esq., Charles R. Gibbs,
Esq., Michael S. Haynes, Esq., and Lacy M. Lawrence, Esq., at Akin
Gump Strauss Hauer & Feld LLP.

Prepetition secured lender TPG is represented by David M. Bennett,
Esq., Tye C. Hancock, Esq., and Joseph E. Bain, Esq., at Thompson
& Knight LLP; and Adam C. Harris, Esq., Lawrence V. Gelber, Esq.,
David M. Hillman, Esq., and Brian C. Tong, Esq., at Schulte Roth &
Zabel LLP.


HEADWATERS INC: S&P Raises CCR to 'B+'; Outlook Stable
------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on South Jordan, Utah-based Headwaters Inc. to 'B+'
from 'B'.  The outlook is stable.

At the same time, S&P raised its issue-level ratings on Headwaters'
$400 million senior secured notes to 'BB-' from 'B+.' The recovery
rating on the notes remains unchanged at '2', indicating S&P's
expectation for substantial (70%-90%) recovery in the event of
payment default.  In addition, S&P raised its issue-level ratings
on Headwaters' $150 million senior unsecured notes to 'B-' from
'CCC+.'  The recovery rating on the notes remains unchanged at '6',
indicating S&P's expectation for negligible
(0%-10%) recovery in the event of payment default.

"The outlook is stable, reflecting our expectations that the
improvement in housing starts and nonresidential construction will
result in better operating performance for Headwaters," said
Standard & Poor's credit analyst Maurice Austin.  "We expect credit
measures to improve during the year but to still remain in line
with our assessment of its aggressive financial risk profile, with
2015 leverage of about 4x and FFO to debt below 20%."

S&P believes that a downgrade is unlikely within the next 12 months
based on its favorable view of industry fundamentals. However, S&P
could lower the ratings if the improvement in residential
construction activity or fly ash demand is less than expected, such
that leverage increases more than 5x, causing S&P to revise its
assessment of financial risk to "highly leveraged."

S&P could raise the rating if 2015 sales growth exceeded 13%, with
gross margins greater than 35%, resulting in leverage likely to be
maintained at less than 4x and FFO to debt to be maintained at more
than 20%, commensurate with a "significant" financial risk profile.
This could occur if there were a greater-than-expected recovery in
residential and commercial construction.



HEI INC: Section 341(a) Meeting Set for Jan. 29
-----------------------------------------------
A meeting of creditors in the bankruptcy case of HEI, Inc., is
scheduled for Jan. 29, 2015, 1:30 p.m. at Mtg Minneapolis, US
Courthouse, 300 S 4th St, Rm 1017 (10th Floor).  Proofs of claims
are due by April 29, 2015.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

                          About HEI, Inc.

HEI, Inc., filed a Chapter 11 bankruptcy petition (Bankr. D. Minn.
Case No. 15-40009) in Minneapolis, Minnesota, on Jan. 4, 2015.  The
case is assigned to Judge Kathleen H. Sanberg.

The Debtor estimated $10 million to $50 million in assets and
debts.  The deadline for governmental entities to file claims is
July 6, 2015.

The Debtor has tapped James L. Baillie, Esq., James C. Brand, Esq.,
and Sarah M Olson, Esq., at Fredrikson & Byron P.A., as counsel;
Alliance Management as business and financial consultant; and
Winthrop & Weinstine, P.A., as special counsel.


HEI INC: Trying to Sell Some or All of Assets
---------------------------------------------
Katharine Grayson, writing for Minneapolis / St. Paul Business
Journal, reports that HEI Inc. is trying to sell some or all of its
assets.

The Debtor said in court filings that it struggled financially over
the past year as two of its largest customers reduced orders.

Business Journal relates that California-based Boulder Investors is
its largest creditor, owed at $444,000, while Teamvantage Molding
is its largest Minnesota-based creditor is Teamvantage Molding,
owed at $87,800.

According to the Star Tribune, the Debtor's workers dropped to 88
in December 2014, from 110 .

                          About HEI, Inc.

Headquartered in Victoria, Minnesota, HEI, Inc., develops and
manufactures microelectronics, substrates, electromechanical
hardware and embedded software for the medical, telecommunications,
military, aerospace and industrial markets.  It has operations in
Arizona, Colorado and Minnesota.

The Debtor filed a Chapter 11 bankruptcy petition (Bankr. D. Minn.
Case No. 15-40009) in Minneapolis, Minnesota, on Jan. 4, 2015.  The
case is assigned to Judge Kathleen H. Sanberg.

The Debtor estimated $10 million to $50 million in assets and
debt.

The deadline for governmental entities to file claims is July 6,
2015.

The Debtor has tapped James L. Baillie, Esq., James C. Brand, Esq.,
and Sarah M Olson, Esq., at Fredrikson & Byron P.A., as counsel;
Alliance Management as business and financial consultant; and
Winthrop & Weinstine, P.A., as special counsel.


INDEX RECOVERY: Liquidating Plan Declared Effective
---------------------------------------------------
Index Recovery Group, LP, has notified the Bankruptcy Court that
the effective date of the Plan of Liquidation was deemed to have
occurred on Dec. 11, 2014.  The Plan of Liquidation dated
Sept. 24, 2014, was approved by U.S. Bankruptcy Judge Diane
Davis on the same date.

                          Chapter 11 Plan

As reported in the Oct. 8, 2014 edition of the TCR, the Debtor,
intends for the Plan to go effective as promptly as possible
thereafter and to make an initial distribution to allowed
non-subordinated unsecured creditors equal to 100% of their allowed
claims, and then to investors of not less than
$15 million, which is 43% of the redemption claim for each
investor.  The Fund will make an initial distribution as soon as
possible after the effective date of the Plan.

The Fund's General Partner may act as or appoint an independent
party to act as plan administrator who will liquidate the Fund's
remaining Assets to Cash and distribute that Cash to holders of
Allowed Claims.  The Fund's only material non-Cash Asset is its
interest in and claims against the SPhinX Group, which is in
liquidation in the Cayman Islands.

All non-subordinated creditors will be paid in full under the Plan.
The Fund is aware of approximately $160,000 in undisputed,
non-subordinated unsecured claims and approximately $300,000 in
non-subordinated, unliquidated, contingent and/or disputed
unsecured claims.  The Fund is not aware of any priority claims.
After payment of or reservation of funds for non-subordinated
claims, the holders of allowed subordinated unsecured claims will
receive a pro rata share of Cash available for distribution after
liquidation of the Assets.  The Assets are Cash and the Fund's
remaining claims against and interests in the SPhinX Group.

The Fund estimates that it will be able to make an initial
distribution or reservation of approximately $465,000 on account
of non-subordinated unsecured claims on the Effective Date, as
well as a distribution or reservation of $15 million of cash on
account of subordinated investor claims, also on the Effective Date
of the Plan.  The Fund estimates that the subordinated, unsecured
redemption claims held by investors equals $35 million.  Therefore,
the Fund estimates that investors will receive an initial
distribution of 43% of the value of their redemption claim
(calculated as of Dec. 31, 2005).

Subsequent distributions will depend on the Fund's future
recoveries from the SphinX Group.  In November 2011, the joint
official liquidators (the "JOLs") of the SPhinX Group estimated
that investors such as the Fund should anticipate receiving total
distributions from the SPhinX Group of between 39% and 56%.  These
distributions are based upon a net claim that the Fund has against
SPhinX Group of $38.1 million.  It should be noted that these
estimates depend upon a number of assumptions made by the JOLs as
of November 2011.

The JOLs' recovery estimates predate the SPhinX Group making
substantial additional recoveries (and incurring substantial
additional costs) in the course of the SPhinX Group liquidation.
Additionally, the SPhinX Group is continuing to liquidate certain
of its assets, specifically claims against third party litigation
targets.  For purposes of this Disclosure Statement, the Fund uses
the JOLs' estimates from November 2011.  However, based upon the
recoveries made to date, it is possible that the Fund's percentage
recovery from the SPhinX Group may be materially higher than the
low-end estimate provided by the JOLs in November 2011.  Such
further distributions may be as much as $5 million to $9 million,
which would yield a total likely recovery on account of the Fund's
limited partners' redemption claims of 51% to 62%.

                    About Index Recovery Group

Index Recovery Group, LP, a managed futures investor formerly
known as SPhinX Managed Futures Index Fund, LP, sought Chapter 11
protection (Bankr. N.D.N.Y. Case No. 14-61434) in Utica, New York,
on Sept. 2, 2014.  The Debtor disclosed total assets of $13.8
million and total liabilities of $35.5 million.  Judge Diane
Davis presides over the case.  The Debtor is represented by
Jeffrey A. Dove, Esq., at Menter, Rudin & Trivelpiece, P.C.


INT'L MANUFACTURING: Seeks to Expand Diamond McCarthy Work
----------------------------------------------------------
The Bankruptcy Court will convene a hearing on Jan. 28, 2014, at
10:00 a.m., to consider the motion filed by Beverly N. McFarland,
acting Chapter 11 trustee for International Manufacturing Group,
Inc., to employ Diamond McCarthy LLP as special litigation counsel

The Trustee supplemented the motion to expand the scope of Diamond
McCarthy's employment to include the prosecution of the contingency
litigation claims held by the estate and trustee against
transferees of preferences and fraudulent transfers, insiders and
affiliates of the Debtor and third parties, including, without
limitation, specific partners or co-investors with the principal of
the Debtor (Deepal Wannakuwatte), auditors, legal counsel, brokers,
financial institutions, and alleged fraudulent transfer recipients,
among others, on a contingency fee basis.

The contingency fee is payable by the estate, which contingency fee
will be approved in advance.

As reported in the Troubled Company Reporter on Aug. 1, 2014, the
Trustee has tapped Diamond McCarthy to:

   (a) investigate the estate's potential litigation claims
       against (i) transferees of preferences and fraudulent
       transfers, (ii) insiders and affiliates of the Debtor and
       (iii) third parties, including, without limitation,
       auditors, legal counsel, brokers, financial institutions,
       among others;

   (b) prepare a written report (the "Book Report") detailing the
       results of Diamond McCarthy's investigation, including
       recommendations with respect to potential prosecution of
       the estate's litigation claims;

   (c) coordinate investigation and litigation activities with the
       Trustee's other professionals, law enforcement, regulatory
       and governmental entities, among others, and

   (d) general litigation consultation and advice.

In addition to the litigation-specific matters, the trustee may
request Diamond McCarthy to represent the trustee as conflicts
counsel on any matter in which the trustee's general counsel may
have potential conflict, if and when such a matter arises.

The trustee's proposed employment of Diamond McCarthy is detailed
in the Agreement and consists of two compensation components, a
fixed fee component and an hourly fee component.

First, Diamond McCarthy will undertake the investigation and
assessment of the estate's potential litigation claims and prepare
the Book Report, a comprehensive written analysis of potential
claims, for a fixed fee of $150,000 plus reasonable out of pocket
expenses.  The Fixed Fee is the only fee compensation Diamond
McCarthy will receive for the Book Report and covers all of
Diamond McCarthy's professional fees for the investigation
analysis and preparation of the Book Report.

Second, should the trustee ask Diamond McCarthy to provide
litigation advice or support apart from the Book Report, such as
assisting in a contested matter, claim objection or similar
action, Diamond McCarthy will be compensated based on its
professional hourly rates, subject to a $495 per hour cap, plus
reasonable and necessary out of pocket expenses.  In addition, the
Trustee may request Diamond McCarthy to represent the Trustee as
conflicts counsel on any matter in which the Trustee's general
counsel may have a potential conflict, if and when such a matter
arises.

Diamond McCarthy will be paid at these hourly rates:

       Allan B. Diamond, partner         $495
       Christopher D. Sullivan, partner  $495
       Jason M. Rudd, partner            $440
       Michael Yoder, partner            $325
       Daniel Meyler, associate          $260

Christopher D. Sullivan, Esq., a partner of Diamond McCarthy,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

               About International Manufacturing

Deepal Wannakuwatte, the mastermind of a $150 million Ponzi
scheme, put himself and his company, International Manufacturing
Group Inc., into Chapter 11 after he pleaded guilty to one count
of wire fraud and agreed to a 20-year prison sentence.  The
bankruptcy filing was part of his plea bargain with federal
prosecutors.  Mr. Wannakuwatte is the former owner of the
Sacramento Capitols tennis team.

International Manufacturing Group, Inc., filed a bare-bones
Chapter 11 bankruptcy petition (Bankr. E.D. Cal. Case No.
14-25820) in Sacramento, on May 30, 2014.  The case is assigned to
Judge Robert S. Bardwil.

The Debtor has tapped Marc A. Caraska, in Sacramento, as counsel.

In June 2014, Beverly N. McFarland was appointed as Chapter 11
trustee for the Debtor.  She has tapped Felderstein Fitzgerald
Willoughby & Pascuzzi LLP as her bankruptcy counsel; Diamond
McCarthy LLP as her special litigation counsel; Gabrielson &
Company as accountant; and Karen Rushing as bookkeeper outside the
ordinary course of business.

According to the docket, governmental entities have until Nov. 26,
2014, to file claims.

The U.S. Trustee for Region 7 appointed a three-member unsecured
creditors panel comprising of Byron Younger, Janine Jones, and
Steve Whitesides.


INTL MANUFACTURING: Jan. 21 Hearing on Community Ist's Stay Motion
------------------------------------------------------------------
The Bankruptcy Court will convene a hearing on Jan. 21, at 10:00
a.m., to consider creditor Community 1st Bank's motion for relief
from automatic stay as to that certain real property located in
Yuba County, California, commonly known as 1370 Furneaux Road,
Olivehurst, California, owned by Olivehurst Glove Manufacturers,
LLC.

As of Dec. 29, 2014, Olivehurst is not in bankruptcy, but it is one
of the selected entities proposed to be substantively consolidated
into the current bankruptcy case of International Manufacturing
Group, Inc., in a motion filed by Beverly N. McFarland, the acting
Chapter 11 trustee.

Olivehurst is indebted to lender under two loans, Loan 9400 and
Loan 5400.  The Debtor executed a personal guaranty for each of the
Loans.  Olivehurst is in default of its obligations under each of
the Loans.  As of May 30, 2014, there was and is due and owing
under the Loans the sum of $4,186,451.

The lender explains that whether Olivehurst is substantively
consolidated into the IMG estate or not, there is no equity in the
real property.  Lender's appraisal states the "as-is" market value
of the real property is $3,900,000.

Community 1st is represented by Kevin G. Howard, Esq., at KRAFT
OPICH, LLP.

               About International Manufacturing

Deepal Wannakuwatte, the mastermind of a $150 million Ponzi
scheme, put himself and his company, International Manufacturing
Group Inc., into Chapter 11 after he pleaded guilty to one count
of wire fraud and agreed to a 20-year prison sentence.  The
bankruptcy filing was part of his plea bargain with federal
prosecutors.  Mr. Wannakuwatte is the former owner of the
Sacramento Capitols tennis team.

International Manufacturing Group, Inc., filed a bare-bones
Chapter 11 bankruptcy petition (Bankr. E.D. Cal. Case No.
14-25820) in Sacramento, on May 30, 2014.  The case is assigned to
Judge Robert S. Bardwil.

The Debtor has tapped Marc A. Caraska, in Sacramento, as counsel.

In June 2014, Beverly N. McFarland was appointed as Chapter 11
trustee for the Debtor.  She has tapped Felderstein Fitzgerald
Willoughby & Pascuzzi LLP as her bankruptcy counsel; Diamond
McCarthy LLP as her special litigation counsel; Gabrielson &
Company as accountant; and Karen Rushing as bookkeeper outside the
ordinary course of business.

According to the docket, governmental entities have until Nov. 26,
2014, to file claims.

The U.S. Trustee for Region 7 appointed a three-member unsecured
creditors panel comprising of Byron Younger, Janine Jones, and
Steve Whitesides.



ISC8 INC: Cybersecurity Firm to Sell Assets for $7.9 Million
------------------------------------------------------------
Patrick Fitzgerald, writing for Daily Bankruptcy Review, reported
that bankrupt California cybersecurity firm ISC8 Inc. has agreed to
sell its assets to an investment group made up of Griffin Partners
LLC and Fundamental Capital Management LLC for about $7.9 million.

According to the report, in a filing with the U.S. Bankruptcy Court
in Santa Ana, Calif., ISC8's restructuring chief, Alfred M. Masse,
said the investment firms had agreed to serve as the stalking
horse, or lead, bidders for an auction of the cybersecurity firm's
technology.

                          About ISC8 Inc.

ISC8 Inc. filed a Chapter 11 bankruptcy petition in the United
States Bankruptcy Court for the Central District of California,
Santa Ana division (Bankr. C.D. Cal. Case No. 14-15750) on
Sept. 23, 2014.  The petition was signed by Kirsten Bay as
president and CEO.

The Company continues to operate its business and manage its
financial affairs as a debtor-in-possession, pursuant to Sections
1107(a) and 1108 of the United States Bankruptcy Code.

The Debtor estimated assets of $1 million to $10 million and
reported total liabilities of $14 million.  Ezra Brutzkus Gubner
LLP serves as the Debtor's counsel.  The case is assigned to Judge
Scott C. Clarkson.


ISC8 INC: Sale Hearing Scheduled for Jan. 29
--------------------------------------------
ISC8 Inc. is poised to sell substantially all of its assets free
and clear of all claims and interests under Section 363 of the
Bankruptcy Code in its chapter 11 Case pending in the U.S.
Bankruptcy Court for the Central District of California as Case No.
14-bk-15750-SC.

These include proprietary "cyber security" assets, representing
more than $70 million of invested capital, designed to thwart cyber
invaders AFTER they have infiltrated a system's defenses.  As shown
by highly publicized recent episodes of malicious infiltration of
network systems, the damage occurs AFTER the invaders have scaled
firewalls and other exterior network defenses.

ISC8's technology implements a sensor-based, near real-time
forensics technology that identifies malware threats ahead of
perimeter solutions, before devastating damage or critical data
theft can occur.

ISC8 is a pre-revenue stage public company that designs, develops
and sells cyber-security products globally, and provides hardware,
software and service offerings for malicious threat detection and
network forensics for enterprise customers.  Products are installed
nation-wide with international resale partnerships.

ISC8's strategic and restructuring team is led by the company's
Chief Executive Officer, J. Kirsten Bay, a recognized leader in the
technology and startup space, who joined the company in March 2014.
Ms. Bay is being advised by ISC8's financial and restructuring
advisors Broadway Advisors, LLC and ISC8's legal counsel Ezra
Brutzkus Gubner LLP.

The Bankruptcy Court has scheduled the auction for January 28, 2015
at the offices of its legal counsel, Ezra Brutzkus Gubner LLP,
located at 21650 Oxnard Street, Suite 500, Woodland Hills, CA
91367, subject to receiving Qualified Bids by the deadline of
January 25, 2015 at 5:00 p.m.  The Sale Hearing is scheduled for
January 29, 2015.

On January 5, 2015, ISC8 signed a definitive asset purchase
agreement with a "stalking horse" group that includes insiders who
are major shareholders and creditors, whose bid has a value of
approximately $8 million.  That sale is subject to overbid at
auction in the event one or more qualified bids are received by the
Bid Deadline.  The minimum overbid amount is $8,251,941.

A complete as-signed copy of the Stalking Horse APA, and
Information about ISC8's bankruptcy is available at no charge,
without a password here.

The EBG team of lawyers advising ISC8 is led by partners David
Seror and Robyn B. Sokol, with a team that includes counsel Susan
K. Seflin, partner Jerrold L. Bregman and associate Jessica
Bagdanov.

Inquiries should be directed to ISC8's financial and restructuring
advisor, Alfred M. Masse, as follows:

Alfred M. Masse, Principal
Broadway Advisors, LLC
(949) 673-0855
amm@broadwayadvisors.com   
511 30 St., Suite A
Newport Beach, CA 92663

                        About ISC8 Inc.

ISC8 Inc. filed a Chapter 11 bankruptcy petition in the United
States Bankruptcy Court for the Central District of California,
Santa Ana division (Bankr. C.D. Cal. Case No. 14-15750) on Sept.
23, 2014.  The petition was signed by Kirsten Bay as president and
CEO.

The Company continues to operate its business and manage its
financial affairs as a debtor-in-possession, pursuant to Sections
1107(a) and 1108 of the United States Bankruptcy Code.

The Debtor estimated assets of $1 million to $10 million and
reported total liabilities of $14 million.  Ezra Brutzkus Gubner
LLP serves as the Debtor's counsel.  The case is assigned to Judge
Scott C. Clarkson.


J & B RESTAURANT: In Chapter 11 to Address Challenges
-----------------------------------------------------
J & B Restaurant Partners of Long Island II, LLC and certain
affiliates filed voluntary petitions for relief under Chapter 11 of
the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 15-22009) Jan.
6, 2015, as part of its pre-negotiated and comprehensive
restructuring plan.  

The J & B petition was signed by Joseph Vitrano, president.  Judge
Robert D. Drain presides over the case.  Michael P. Cooley, Esq.,
at Akin Gump Strauss Hauer & Feld LLP, serves as the Company's
bankruptcy counsel.  The Company estimated its assets at between
$500,000 and $1 million and its liabilities at between $10 million
and $50 million.

The filing, done in cooperation with the franchisor and GE Capital
Franchise Finance, will allow the Company to close unprofitable
restaurants, reduce outstanding debt, and quickly emerge from
bankruptcy as a much stronger company.

"The closing of restaurants is a very difficult but necessary step
in positioning J & B for financial health and a key component of
the restructuring plan.  Our partnership with Friendly's and GE
Capital will allow us to remodel existing restaurants and reduce
debt.  Throughout this process we will continue to provide great
food and ice cream, and friendly service to our customers," stated
Dawn Petite, the Company's Chief Operating Officer.

Maura McDermott at Newsday reports that the Company intends to keep
its remaining two dozen restaurants in New York and New Jersey
open, and remodel almost half of them.  Citing Ms. Petite, Newsday
says that the Company and its affiliates plan to keep their
existing 24 restaurants open for at least three years.

Kenneth R. Gosselin at Courant.com relates that the Company's
Bridgeport and Darien locations has now closed.  The Company's
Danbury branch was sold back to Friendly's Ice Cream Corp. in
October 2014, the report states, citing Ms. Petite.

GE Capital will provide a debtor-in-possession financing facility
to enable normal operation of the Company's restaurants, including
the normal course payments to employees.  The Company, owned since
2001, expects to exit bankruptcy over the next six months and to
remodel at least 11 restaurants over three years.

The bankruptcy filing does not affect Friendly's Ice Cream, LLC,
its affiliates and other Friendly's franchisees or other J & B
affiliates in non-related businesses.

J & B Restaurant Partners of Long Island LLC and certain affiliates
own 37 Friendly's restaurants in New York, New Jersey and
Connecticut.


KIOR INC: Assets Could Go to Pasadena Investments
-------------------------------------------------
Jeff Amy at The Associated Press reports that Pasadena Investments
will purchase KiOR, Inc.'s assets if the Bankruptcy Court approves
the Company's plan.

According to The AP, the Company said that no outsiders want to bid
for the Company's assets, even though more than 20 buyers
considered acquiring its assets.

                          About Kior Inc.

KiOR, Inc., and wholly owned subsidiary KiOR Columbus, LLC, are
development stage, renewable fuels companies based in Pasadena,
Texas and Columbus, Mississippi, respectively.  KiOR, Inc., was
founded in 2007 as a joint venture between Khosla Ventures, LLC,
and BIOeCon B.V.  KiOR Inc.'s primary business is the development
and commercialization of a ground-breaking proprietary technology
designed to generate a renewable crude oil from non-food
cellulosic biomass.

KiOR, Inc., filed a Chapter 11 petition (Bankr. D. Del. Case No.
14-12514) on Nov. 9, 2014, in Delaware.   Through the Chapter 11
case, the Debtor intends to reorganize its business or sell
substantially all of its assets so that it can continue its core
research and development activities.  KiOR Columbus did not seek
bankruptcy protection.

The Debtor disclosed $58.27 million in assets and $261.3 million
in liabilities as of June 30, 2014.

The Debtor is represented by Mark W. Wege, Esq., Edward L. Ripley,
Esq., and Eric M. English, Esq., at King & Spalding, LLP, in
Houston, Texas; and John Henry Knight, Esq., Michael Joseph
Merchant, Esq., and Amanda R. Steele, Esq., at Richards, Layton &
Finger, P.A., in Wilmington, Delaware.  The Debtor's financial
advisor is Alvarez & Marsal.  Guggenheim Securities, LLC, is the
Debtor's investment banker.  Epiq Bankruptcy Solutions, LLC, is
the Debtor's claims and noticing agent.

Pasadena Investments, LLC, as administrative agent for a
consortium of lenders, committed to provide up to $15,000,000 in
postpetition financing.  The DIP Agent is represented by Thomas E.
Patterson, Esq., at Klee, Tuchin, Bogdanoff & Stern LLP, in Los
Angeles, California, and Michael R. Nestor, Esq., at Young Conaway
Stargatt & Taylor, LLP, in Wilmington, Delaware.


KIOR INC: Fights Mississippi's Bid to Convert Case to Chapter 7
---------------------------------------------------------------
KiOR, Inc., and controlling shareholder Vinod Khosla claim that the
state of Mississippi is using legal tactics in an attempt to
squeeze money from the Company, Jeff Amy at The Associated Press
reports.

The AP recalls that the Mississippi Development Authority's filed
in December 2014 a motion to convert the Company's case from
Chapter 11 reorganization into Chapter 7 liquidation.  The state,
according to the report, claims that the Company has no real
business prospects.  The state says that the Company's Mississippi
subsidiary, which hasn't declared bankruptcy, owes it $79 million,
the report relates.  

The Company's attorneys said in court documents, "The motion
reflects a continuation of the MDA's aggressive and scorched-earth
litigation in this case, which apparently is intended to extort a
recovery from the debtor and the Khosla-related plan support
parties."

According to The AP, the Company denies MDA's claims that it's
manipulating its case to benefit billionaire venture capitalist
Vinod Khosla.  MDA is trying to sabotage ongoing operations near
Houston, to take the jobs of the Company's remaining 70 workers and
to "force the abandonment of promising biofuel, alternative energy
technology that can deliver real hydrocarbon transportation fuels
from cellulosic feedstock," the report states, citing the Company.

The Company says it won't pay up as a result of "MDA's
hyper-aggressive litigation scheme," The AP relates.  The report
adds that MDA doesn't have a mortgage on the assets of the parent
company so it could get no money back in the bankruptcy.

                          About Kior Inc.

KiOR, Inc., and wholly owned subsidiary KiOR Columbus, LLC, are
development stage, renewable fuels companies based in Pasadena,
Texas and Columbus, Mississippi, respectively.  KiOR, Inc., was
founded in 2007 as a joint venture between Khosla Ventures, LLC,
and BIOeCon B.V.  KiOR Inc.'s primary business is the development
and commercialization of a ground-breaking proprietary technology
designed to generate a renewable crude oil from non-food
cellulosic biomass.

KiOR, Inc., filed a Chapter 11 petition (Bankr. D. Del. Case No.
14-12514) on Nov. 9, 2014, in Delaware.   Through the Chapter 11
case, the Debtor intends to reorganize its business or sell
substantially all of its assets so that it can continue its core
research and development activities.  KiOR Columbus did not seek
bankruptcy protection.

The Debtor disclosed $58.3 million in assets and $261 million
in liabilities as of June 30, 2014.

The Debtor is represented by Mark W. Wege, Esq., Edward L. Ripley,
Esq., and Eric M. English, Esq., at King & Spalding, LLP, in
Houston, Texas; and John Henry Knight, Esq., Michael Joseph
Merchant, Esq., and Amanda R. Steele, Esq., at Richards, Layton &
Finger, P.A., in Wilmington, Delaware.  The Debtor's financial
advisor is Alvarez & Marsal.  Guggenheim Securities, LLC, is the
Debtor's investment banker.  Epiq Bankruptcy Solutions, LLC, is
the Debtor's claims and noticing agent.

Pasadena Investments, LLC, as administrative agent for a
consortium of lenders, committed to provide up to $15 million in
postpetition financing.  The DIP Agent is represented by Thomas E.
Patterson, Esq., at Klee, Tuchin, Bogdanoff & Stern LLP, in Los
Angeles, California, and Michael R. Nestor, Esq., at Young Conaway
Stargatt & Taylor, LLP, in Wilmington, Delaware.


KNEL ACQUISITION: S&P Assigns 'B' CCR & Rates $65MM Facility 'B'
----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Irwindale, Calif.-based KNEL Acquisition LLC.  The
outlook is stable.

"At the same time, we assigned a 'B' issue-level rating to the
company's $65 million revolving credit facility due 2019 and $240
million first-lien term loan due 2021 with a '3' recovery rating.
The '3' recovery rating indicates our expectation of meaningful
(50% to 70%) recovery in the event of payment default.  We also
assigned a 'CCC+' issue-level rating to the company's proposed $73
million second-lien facility due 2022.  The '6' recovery rating
indicates our expectation of negligible (0% to 10%) recovery in the
event of payment default," S&P said.

"The ratings on KNEL Acquisition LLC reflect our view of the
company's substantial debt obligations, financial sponsor
ownership, and narrow business focus," said Standard & Poor's
credit analyst Bea Chiem.  "We expect that the company will remain
highly leveraged, with debt leverage above 5x during the next 12
months, despite our expectation for some debt reduction."

The company used proceeds from the debt offering, along with common
equity from its financial sponsor, Kohlberg & Co., to fund the
purchase of Multibar, to refinance the company's existing debt
outstanding, to provide cash to the company, and to pay fees and
expenses.  At the close of the transaction, S&P estimates that KNEL
had about $330 million of adjusted debt.



LAKSHMI HOSPITALITY: Reorganization Case Closed After Dismissal
---------------------------------------------------------------
The Bankruptcy Court closed the Chapter 11 case of Lakshmi
Hospitality Group, LLC.  The Court on Oct. 22, 2014, had entered an
order dismissing the case.  Creditor Marriott International, Inc.,
and Enterprise Bank and Trust filed objections to the Debtor's
motion for an order dismissing its case.

                 About Lakshmi Hospitality Group

Lakshmi Hospitality Group, LLC, owner of a hotel in Fenton,
Missouri, filed a Chapter 11 bankruptcy petition (Bankr. S.D. Cal.
Case No. 14-07199) in San Diego, California, on Sept. 5, 2014.
Plyush Mehta signed the petition as authorized signatory.  The
Debtor disclosed total assets of $12.7 million and total
liabilities of $8.1 million.

The case is assigned to Judge Margaret M. Mann.  The Debtor has
tapped J. Bennett Friedman, Esq., at Friedman Law Group, P.C., in
Los Angeles, as counsel.

The U.S. Trustee was unable to form a committee of unsecured
creditors.


LIGHTSTREAM RESOURCES: S&P Lowers CCR to 'B'; Outlook Negative
--------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its long-term
corporate credit rating on Lightstream Resources Ltd. to 'B' from
'B+', and its issue-level rating on Lightstream's senior unsecured
debt to 'CCC+' from 'B-'  The outlook is negative.  The '6'
recovery rating on the unsecured notes is unchanged, and reflects
S&P's expectation of negligible recovery (0%-10%) in a default
scenario.

"The downgrade and negative outlook reflect our view of the
company's weakening credit measures as it cuts back its 2015
capital budget in response to falling oil prices," said Standard &
Poor's credit analyst Aniki Saha-Yannopoulos.  In response to the
decline and to maintain its financial flexibility, Lightstream
reduced its 2015 capital budget and cut back dividends.  It set its
2015 capital expenditure budget at C$190 million-C$210 million,
lower than its maintenance budget of C$400 million-C$450 million.
This results in average production of 30,000-32,000 barrels of oil
equivalent per day (boepd) in 2015, significantly lower than the
company's 2014 average production of 40,000-41,000 boepd.

"We expect the declining production to reduce Lightstream's cash
flow and pressure credit measures," Ms. Saha-Yannopoulos added.
Without including asset sales, we forecast the company to reach 5x
adjusted debt-to-EBITDA by 2015 end and continue to deteriorate
further through 2016.

Lightstream's "weak" business risk profile reflects S&P's view of
the company's participation in and exposure to the highly
competitive and capital-intensive exploration and production
industry, declining production, and high full-cycle costs.  In
addition to the lower capital expenditures, Lightstream has an
elevated levered full-cycle cost profile and S&P expects it to
remain high relative to that of its Canadian and U.S. peers.  Based
on the company's focus on balance-sheet protection instead of
growth, S&P believes that any improvement in its reserve
replacement or finding, development, and acquisition (FD&A) ratios
are unlikely.  The high full-cycle cost is mainly due to its high
FD&A cost of about C$34 per barrel of oil equivalent (boe).  S&P
expects Lightstream's full-cycle levered cost to be C$55-C$60 per
boe for 2014; S&P expects the all-in costs to remain in the same
range during its forecast period.  Based on S&P's price assumptions
and the company's high cost structure, it do not expect Lightstream
to generate profits in the near term.

Lightstream's "highly leveraged" financial risk profile reflects
S&P's forecast of 6x debt-to-EBITDA for 2015 and weakening measures
through 2016 if the company does not sell assets. Lightstream plans
to keep its capital expenditures and dividends within cash flow in
the near-term; it has reduced both capital expenditures and
dividends significantly.  Management intends to shore up the
balance sheet through selling the Bakken assets. Although the
company sold about C$729 million worth of assets in 2014, it needs
to sell additional assets to reduce balance-sheet debt and not
breach its revolving 4x debt-to-EBITDA covenants in late 2015.
Given oil price volatility, S&P believes that there is some
uncertainty about the timing of the Bakken sale; however, S&P
believes Lightstream will be able to negotiate with its banking
group regarding any potential covenant breach.

The negative outlook reflects Standard & Poor's view that
Lightstream's credit measures will continue to deteriorate at S&P's
current price assumptions.

S&P could lower the ratings if it expects the company to breach its
4x debt-to-EBITDA covenant.  Should Lightstream amend the covenant
and there is no concern of a covenant violation, S&P could still
consider a negative action if it forecasts the company's liquidity
to weaken, for example due to a borrowing base redetermination, or
if S&P believes debt to EBITDA will deteriorate above 6.5x.  Also,
should Lightstream sell its Bakken assets, S&P might consider a
negative action if it expects a deterioration in the company's
business risk profile as a consequence of the sale.

An outlook revision to stable would depend on Lightstream
completing its asset sales without impinging on its business risk
profile and improving debt-to EBITDA to below 4x, for example due
to improving commodity prices.  Given the current commodity prices
and management's guidance for 2015, S&P believes that is unlikely
in the next 12 months.



LONGVIEW POWER: Siemens Joins Kvaerner's Bid for Stay Relief
------------------------------------------------------------
Siemens Energy, Inc., joined in the motion of Kvaerner North
American Construction Inc. to lift the automatic stay in Longview
Power LLC's bankruptcy case and compel arbitration.

Siemens requested that the Court enter its order lifting or
modifying the automatic stays to compel the continuation of the
arbitration for the purpose of allowing the Tribunal to resolve the
letter of credit issues.

On Oct. 21, 2014, Kvaerner moved for limited relief from the
automatic stay to compel arbitration of the unresolved issues
regarding whether: (a) Longview made an outright assignment of the
Letters of Credit and its rights thereto to the Consortium; and (b)
as a result of the outright assignment, the Letters of Credits and
rights thereto, including the right to make a demand and receive
the proceeds, belong to the Consortium (the Letters of Credit
Issues).

This is Kvaerner's third application to the Court to lift the
automatic stay.

Siemens Energy is represented by:

         Donald J. Detweiler, Esq.
         PEPPER HAMILTON LLP
         Hercules Plaza, Suite 5100
         1313 N. Market Street
         P.O. Box 1709
         Wilmington, DE 19801-1709
         Tel: (302) 777-6500
         Fax: (302) 421-8390
         E-mail: detweilerd@pepperlaw.com

         Edward C. Dolan, Esq.
         Robert B. Wolinsky, Esq.
         Khang V. Tran, Esq.
         HOGAN LOVELLS US LLP
         Columbia Square
         555 Thirteenth Street, NW
         Washington, DC 20004
         Tel: (202) 637-5600
         Fax: (202) 637-5910
         E-mail: edward.dolan@hoganlovells.com
                 robert.wolinsky@hoganlovells.com
                 khang.tran@hoganlovells.com

         Daniel E. Gonzalez, Esq.
         Mark R. Cheskin, Esq.
         Richard C. Lorenzo, Esq.
         HOGAN LOVELLS US LLP
         600 Brickell Avenue, Suite 2700
         Miami, FL 33131
         Tel: (305) 459-6500
         Fax: (305) 459-6550
         E-mail: daniel.gonzalez@hoganlovells.com
                 mark.cheskin@hoganlovells.com
                 richard.lorenzo@hoganlovells.com

                       About Longview Power

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 Sept. 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.


MASSEY ENERGY: Judge Calls for New Trial in Long Legal Battle
-------------------------------------------------------------
Kris Maher, writing for Daily Bankruptcy Review, reported that a
Virginia judge has determined that a new trial is warranted in a
marathon legal battle between a small coal operator and Massey
Energy Co. that is now entering its 18th year and at one point led
to an intervention by the U.S. Supreme Court .

According to the report, Virginia Judge Henry Vanover told
attorneys for both sides in a letter dated Jan. 7 that a $5 million
jury award issued in May against Massey was insufficient and the
jury's decision was improperly influenced by a Massey lawyer during
closing arguments.  He said a new trial on the damages portion of
the case is needed, the report related.

Massey Energy is the largest coal producer in Central Appalachia.
It produces various steam and metallurgical grade coals from over
50 mines and has approximately 2.9 billion tons of coal reserves.


MDU COMMUNICATIONS: KCG Americas Had 10% Stake at Dec. 31
---------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, KCG Americas LLC disclosed that as of Dec. 31,
2014, it beneficially owned 590,309 shares of common stock of MDU
Communications International, Inc., representing 10.36% based on
5,699,820 shares outstanding at Aug. 14, 2013.  A copy of the
regulatory filing is available at http://is.gd/8p3axB

                     About MDU Communications

Totowa, New Jersey-based MDU Communications International, Inc.,
is a national provider of digital satellite television, high-speed
Internet, digital phone and other information and communication
services to residents living in the United States multi-dwelling
unit market -- estimated to include 32 million residences.

For the six months ended March 31, there was $152,000 in operating
income and a net loss of $1.5 million on revenue of $12 million.

The Company reported a net loss of $6.4 million on $27.3 million
of revenue for fiscal year ended Sept. 30, 2012, compared with a
net loss of $7.4 million on $27.9 million of revenue for 2011.

As of June 30, 2013, MDU Communications had $16.7 million in total
assets, $32.2 million in total liabilities, and a $15.5 million
total stockholders' deficiency.

"In order for the Company to continue operations, it needs to
raise additional capital, sell assets or merge with another
entity.  The Company has been actively pursuing various
initiatives aimed at resolving its need for additional capital,
namely asset sales and/or a merger.  The asset sale negotiations
have met with some success with proceeds supplementing cash flow
and reducing the Credit Facility, but negotiations have not yet
resulted in larger asset sales.  On July 9, 2012, the Company
executed a merger agreement with Multiband Corporation
("Multiband"), whereby the Company would effectively become an
operating subsidiary of Multiband.  The merger agreement and
negotiations were terminated by Multiband on May 22, 2013 when
Multiband entered into an agreement for itself to be acquired.
The Company's ability to close large asset sales or to consummate
a merger remains uncertain.  Unless the Company is able, in the
near-term, to raise additional capital, close additional asset
sales or enter into a merger, there is substantial doubt about the
Company's ability to continue as a going concern," according to
the Company's quarterly report for the period ended June 30, 2013.

CohnReznick LLP, in Roseland, New Jersey, expressed substantial
doubt about MDU's ability to continue as a going concern following
the financial results for the year ended Sept. 30, 2012.  The
independent auditors noted that the Company has incurred
significant recurring losses, has a working capital deficit, and
an accumulated deficit of $75 million at Sept. 30, 2012.  They
also noted that the Company's $30 million Credit Facility matures
on June 30, 2013.


METRO FUEL: Court Enters Case Dismissal Order
---------------------------------------------
U.S. Bankruptcy Judge Elizabeth S. Stong has entered a consent
order dismissing the Chapter 11 cases of Metro Fuel Oil Corp. and
its affiliates.

Previously, the U.S. Trustee on March 24, 2014, filed a motion to
convert the Debtors' Chapter 11 cases into Chapter 7 proceedings.
The Court held a hearing on the matter.  And with the consent of
the Debtors and the Official Committee of Unsecured Creditors, the
bankruptcy judge entered the dismissal order on Dec. 23, 2014.

The legal and financial advisors retained by the Debtors in the
Chapter 11 Cases are permitted to resign from their representation
of the Debtors.  The Creditors Committee is dissolved.

                         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.  The 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.


MILLICOM INT'L: Fitch Affirms 'BB+' Issuer Default Rating
---------------------------------------------------------
Fitch Ratings has affirmed the long-term foreign currency and local
currency Issuer Default Ratings (IDRs) of Millicom International
Cellular, S.A. (MIC) at 'BB+' with a Stable Outlook. Fitch has also
affirmed MIC's senior unsecured debt at 'BB+.'

KEY RATING DRIVERS

MIC's ratings reflect the company's geographical diversification,
effective marketing strategy and strong brand, and extensive
network and distribution channels, all of which have contributed to
its leading market positions in key markets, steady subscriber
growth, and solid pre-dividend free cash flow (FCF) generation.  In
addition, MIC's increasing investments in the under-penetrated
fixed-line services bode well for its medium to long term revenue
growth.

Despite these diversification benefits, MIC's ratings are
constrained by the company operating only in Latin America and
Africa, which have low sovereign ratings and GDP per capita.  The
ratings are also tempered by the company's increasing leverage due
to recent M&A activities, historically-high shareholder returns,
and debt allocation between subsidiaries and the holding company.

Increased Leverage

MIC's leverage is weak for its rating level.  The company's
leverage has materially increased in recent years mainly due to
acquisitions and historically high shareholder distributions.  In
August 2014, the company completed its merger between its Colombian
subsidiary and UNE EPM Telecomunicaciones S.A. (UNE), the Colombian
fixed-line operator, which increased the company's net debt by
USD1.2 billion.  As a result, its net leverage, measured by
adjusted net debt to EBITDAR, increased to 2.3x and 2.6x at
end-2013 and Sept. 30, 2014, respectively; this unfavorably
compares to 0.8x and 1.4x at end-2011 and end-2012, respectively.
Reflecting UNE's full-year EBITDA contribution, Fitch estimates
MIC's net leverage to be 2.3x as of September 30, 2014.

Positive FCF from 2015

Fitch forecasts MIC's leverage to fall to a level that is in line
with the current rating level over the medium term as the company
continues to refrain from aggressive shareholder payouts and share
buybacks amid EBITDA improvement.  The company paid only USD264
million dividends annually in 2013 and 2014, which was a sharp
reduction from USD731 million including share repurchase in 2012
and USD991 million in 2011.  As MIC remains committed to reducing
its leverage, Fitch expects total shareholder dividends in 2015 and
2016 to remain in line with the 2014 level.  In addition, capex
should remain relatively flat at around USD1.4 billion over the
medium term representing about 18 - 19% of revenues, which is a
decline from 22.5% in 2013.  These will lead to modest positive FCF
generation and help the company reduce its net leverage towards
2.0x by 2016.

A slower-than-expected deleveraging due to a lack of the company's
commitment to restraining dividends, acquisitions, or a further
deterioration in its operating performance will immediately place
negative pressure on the ratings.

Enhanced Competitive Position in Colombia

The merger with UNE, the second largest fixed broadband and pay-TV
operator in Colombia, will strengthen MIC's market position as
UNE's fixed-line network and products complement MIC's existing
mobile operation in terms of both geography and products offerings
with operational cost savings.  This synergy is important for MIC
as Colombia has been the fastest growing market in terms of revenue
contribution among MIC's markets.  Although any dividend upstream
is not likely for the foreseeable future given the high investments
needed in Colombia, the addition of UNE will help MIC turn around
its EBITDA growth going forward.

Margin Erosion

MIC's EBITDA margin is likely to continue to deteriorate in 2015
due to intense competition.  Mobile ARPU is trending downwards in
all of its operational geographies amid increasing market
saturation in Latin America.  The increasing revenue proportion of
lower margin fixed-line business will also place pressure on
profitability.  Some of the increase in fixed line revenue is
attributable to the merger with UNE.  MIC's EBITDA margin fell to
32% in the LTM ended Sept. 30, 2014.  This compares to 40% in 2012.
Positively, EBITDA growth has turned around during 2014 following
contractions in 2013 and 2012.  MIC's EBITDA grew to USD1.9 billion
during the LTM ended Sept. 30, 2014; this compares to USD1.7
billion in 2013 and USD1.9 billion in 2012, respectively.

Concentration in Low-Rated Sovereigns

Despite the diversification benefit, MIC's ratings are constrained
by its operational footprint in only Latin America and Africa with
low sovereign ratings and GDP per capita.  The operational
environment in these regions, in terms of political and regulatory
stability and economic conditions, tend to be more volatile than
developed market which could potentially adversely affect MIC's
operations.  This also adds currency mismatch risk as 65% of MIC's
total debt at end-September 2014 was based on USD while most of its
cash flows are generated in local currencies in each country.

Leading Market Positions

MIC has retained its market leadership in most of its key cash
generating operating companies in Latin America and Fitch expects
these positions to remain intact over the medium term backed by its
effective marketing strategy, strong brand recognition, and
extensive network and distribution channels.  The company has
maintained a steady subscriber base expansion, adding 3.7 million
new mobile subscribers in the first nine months of 2014, and its
increasing investment into fixed-line and media will help provide
increasing cross-selling opportunities to acquire more revenue
generating units going forward.

Diversifying Revenue Mix

MIC's growth strategy will be increasingly centered on mobile data,
fixed internet and pay-TV services as it tries to alleviate
pressure on the traditional voice/SMS revenues.  The mobile data
customer base reached 25% of total subscribers as of Sept. 30,
2014, from 18% a year ago, which supported a 37% mobile data
revenues growth during the third quarter of 2014 (3Q'14) from a
year ago.  Broadband and pay-TV businesses also maintained solid
growth, largely due to UNE, as the segmental revenues grew by 156%
in 3Q'14 from the same period a year ago.  As this trend continues,
Fitch forecasts mobile service revenues to account for less than
70% of total revenues from 2015, which compares to 83% in 2013.

Sound Liquidity

MIC's liquidity profile is good given its readily available cash
position fully covering the short-term debt maturities, as well as
its well-spread debt maturities.  As of Sept. 30, 2014, the
consolidated group's readily available cash was USD672 million,
which compares to its short-term debt of USD446 million.  The
group's total on-balance sheet debt was USD5.0 billion, with 32%
allocated to the holding company.  Debt maturities are well spread
with an average life of 5.6 years.  Fitch does not foresee any
liquidity problem for both the operating companies and the holding
company given operating companies' stable cash generation and their
consistent cash upstream to the holding company.  In addition, MIC
has USD500 million undrawn credit facility which further bolsters
its liquidity.

Dividend Streams Mitigate Structural Subordination

The creditors of the holding company are subject to structural
subordination to the creditors of the operating subsidiaries given
all cash flows are generated by subsidiaries, which held 68% of the
total group debt at end-3Q'14.  Positively, Fitch believes that a
stable and high level of cash upstream, mostly through dividend, by
subsidiaries is likely to remain intact over the long term and help
largely mitigate any risk stemming from this structural weakness.
Subsidiaries' robust upstreams have supported the holding company's
debt service coverage in line with that of the consolidated group
financial profile.

RATING SENSITIVITIES

Negative: MIC experiences an increase in net debt to EBITDAR above
2.5x without a clear path to deleveraging due to any one or
combination of the following: M&A activity, aggressive shareholder
distributions, and competitive/regulatory pressures on its
operations.

Positive: MIC's financial net leverage improves towards 1.0x on a
sustained basis due to improvement in operational competitiveness
and resultant stronger cash generation, less aggressive shareholder
returns, and a higher level of diversification in cash flow
generations across geographies.



MIRION TECHNOLOGIES: Moody's Assigns B2 CFR, Rates 1st Lien Loan B1
-------------------------------------------------------------------
Moody's Investors Service assigned Mirion Technologies
(HoldingRep), Ltd., a B2 Corporate Family Rating (CFR) and a B2-PD
Probability of Default Rating (PDR). Concurrently, Moody's assigned
the new first lien senior secured credit facilities a B1 and the
second lien term loan a Caa1 being issued by co-borrowers Mirion
Technologies (Finance), LLC and Mirion Technologies Inc. (the
surviving entity of Heisenberg MergerSub, Inc.). The rating outlook
is stable. Ratings on the prior rated entity, Mirion Technologies
Inc., will be withdrawn upon transaction close.

Proceeds will be used to fund the acquisition of Mirion, a
manufacturer of radiation measurement devices, by Charterhouse
Capital Partners. The transaction will be funded by a $280 million
new First Lien Term Loan, a $65 million new Second Lien Term Loan,
and significant equity.

Ratings Assigned:

Issuer: Mirion Technologies (HoldingRep), Ltd.

Corporate Family Rating, B2

Probability of Default Rating, B2-PD

The rating outlook is stable.

Issuers: Mirion Technologies (Finance), LLC and Mirion Technologies
Inc. (Heisenberg MergerSub, Inc.)

$35 million Revolving Credit Facility rated B1 LGD3

$280 million First Lien Term Loan rated B1 LGD3

$65 million Second Lien Term Loan rated Caa1 LGD5

The rating outlooks are stable.

Ratings Rationale

Mirion's CFR of B2 and its PDR of B2-PD considers increased
leverage from Charterhouse's purchase of Mirion, the company's good
market position in the highly regulated nuclear industry, heavy
seasonality, niche product focus, and low generation of free cash
flow. Moody's believes that the purchase of Mirion by Charterhouse
will increase leverage initially but expects leverage to improve as
EBITDA grows. Moody's expects Debt / EBITDA for 2015 to be under
5.5x on a Moody's adjusted basis. The rating benefits from the
company's significant recurring revenues from radiation monitoring
devices, large barriers to entry, regulatory requirements related
to monitoring, and good margins. Moody's also considers the
company's products to benefit from significant geographic
diversity.

The B1 rating on the company's revolving credit facility reflects
its first lien secured position in the capital structure. The
rating benefits from the second lien debt being in a first loss
position after investors equity. Both facilities are guaranteed by
the company's wholly owned restricted subsidiaries and benefit from
a guarantee from Mirion Technologies (HoldingRep), Ltd.

Moody's considers Miron's liquidity to be adequate. Moody's
anticipate nearly full availability under the company's revolver,
adequate cash on hand, but low levels of free cash flow. Moreover,
the covenant structure is not anticipated to include a total
leverage covenant.

The ratings could be downgraded if leverage exceeds 5.5 times and
was anticipated to deteriorate further, or if EBITDA coverage of
interest was expected to fall below 2 times and expected to weaken
further. Pressure would also develop if Mirion's recurring revenues
as a percent of total revenues were to decrease meaningfully, or if
it was to experience a weak fourth quarter as this is the company's
most significant revenue quarter. A more aggressive acquisition
strategy that results in greater leverage could also result in a
ratings downgrade.

A ratings upgrade or a change in ratings outlook to positive is
unlikely until leverage falls below 3.5 times and free cash flow to
debt was expected to reach 8% or higher on a sustainable basis.

The company's stable outlook reflects its significant recurring
revenue base with above average visibility, healthy backlogs,
seasoned nuclear experience, and defensible industry position.
Additionally, its stable outlook incorporates Moody's view that
Mirion's credit metrics are unlikely to improve sufficiently over
the next 12 months to warrant a different rating.

Mirion Technologies, headquartered in San Ramon, California, is a
global provider of radiation detection, measurement, analysis and
monitoring products and services to the nuclear, defense, and
medical end markets. The company's products and services include:
dosimeters; contamination & clearance monitors; detection &
identification instruments; radiation monitoring systems;
electrical penetrations; instrumentation & control equipment and
systems; dosimetry services; imaging systems; and related
accessories, software and services. Moody's anticipates 2014
calendar year total revenue below $300 million.

The principal methodology used in these ratings was Global
Manufacturing Companies published in July 2014. Other methodologies
used include Loss Given Default for Speculative-Grade Non-Financial
Companies in the U.S., Canada and EMEA published in June 2009.



MISSISSIPPI PHOSPHATES: Committee Taps Burr & Forman as Counsel
---------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Mississippi
Phosphates Corporation, et al.'s Chapter 11 case asks the
Bankruptcy Court for permission to retain Burr & Forman LLP as its
counsel.

The hourly rates for attorneys who will be primarily responsible
for representing the Committee in the case are:

         Partners (with 7 or more years' experience)  $300 - $550  
         
         Associates (with generally less than
           7 years' experience)                       $200 - $375
         Paraprofessionals                            $120 - $220

         Derek F. Meek, partner                          $425
         Marc Solomon, partner                           $400
         Bess M. Parrish Creswell, partner               $300
         Kasee Heisterhagen, associate                   $230
         Ellen Raines, associate                         $230
         James Roberts, associate                        $240
         Meredith A. Stinson, paralegal                  $185
         Margaret Tomes Project, assistant               $120

To the best of the Committee's knowledge, Burr & Forman is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached at:

         Bess M. Parrish Creswell, Esq.
         Kasee Sparks Heisterhagen, Esq.
         BURR & FORMAN LLP
         RSA Tower
         11 North Water Street, Suite 22200
         Mobile, AL 36602
         Tel: (251) 344-5151
         Fax: (251) 344-9696
         E-mail: bcreswell@burr.com
                 ksparks@burr.com

                   and

         Derek M. Meek, Esq.
         Marc P. Solomon, Esq.
         BURR & FORMAN LLP
         420 North 20th Street
         Birmingham, AL 35203
         Tel: (205) 251-3000
         Fax: (205) 458-5100
         E-mails: dmeek@burr.com
                  msolomon@burr.com

                             About MPC

Mississippi Phosphates Corporation is a major United States
producer and marketer of diammonium phosphate ("DAP"), one of the
most common types of phosphate fertilizer.  MPC, which was formed
as a Delaware corporation in October 1990, owns a DAP facility in
Pascagoula, Mississippi, which was acquired from Nu-South, Inc. in
its 1990 bankruptcy.  Phosphate rock, the primary raw material
used in the production of DAP, is being supplied by OCP S.A., a
corporation owned by the Kingdom of Morocco.

The parent, Phosphate Holdings, Inc., was formed in December 2004
in connection with the bankruptcy reorganization of MPC and its
then-parent Mississippi Chemical Corporation, the first fertilizer
cooperative in the United States.

As of Oct. 27, 2014, MPC has a work force of 250 employees, broken
into 224 regular employees and 26 "nested" third-party contract
employees.

MPC and its subsidiaries, namely Ammonia Tank Subsidiary, Inc.,
and Sulfuric Acid Tanks Subsidiary, Inc., sought Chapter 11
bankruptcy protection (Bankr. S.D. Miss. Lead Case No. 14-51667)
on Oct. 27, 2014.  Judge Katharine M. Samson is assigned to the
cases.

Mississippi Phosphates estimated $100 million to $500 million in
both assets and liabilities.  Affiliates Ammonia Tank and Sulfuric
Acid Tanks each estimated $1 million to $10 million in both assets
and liabilities.

The Debtors have tapped Stephen W. Rosenblatt, Esq., at Butler
Snow LLP as counsel.

The U.S. Trustee for Region 5 appointed seven creditors of
Mississippi Phosphates Corp. to serve on the official committee of
unsecured creditors.  The Committee tapped to retain Burr &
Forman LLP as its counsel.


MISSISSIPPI PHOSPHATES: Renewing BankDirect Financing Deal
----------------------------------------------------------
Mississippi Phosphates Corporation, et al., ask the Bankruptcy
Court to approve the renewal of the commercial insurance premium
finance and security agreement with BankDirect Capital Finance.

The Debtors maintain various types of adequate insurance coverage
in the ordinary course of operating its businesses, among which is
the insurance coverage financed with BankDirect.  The types of
insurance policies held by the Debtors provide insurance coverage
for, among other things, property (both primary and excess),
casualty, workers compensation, general liability, automobile,
marine liability, hull, protection and indemnity, foreign
liability, umbrella, pollution, and excess through AIG, Travelers,
and ACE.

These policies are essential to the preservation of the value of
the bankruptcy estates, businesses, and properties.

Pursuant to the CIPFSA, BankDirect will provide financing to the
Debtors for the purchase of the policies.  Under the CIPFSA, the
Debtors will become obligated to pay to their insurance
agent/broker, Arthur J. Gallagher Risk Management Services an
initial payment of $397,000 and the balance of $1.62 million in
nine loan installments of $180,000 at an annual percentage rate of
3.50%.

The initial payment is due to Gallagher on Dec. 29, 2014, and the
first installment payment under the CIPFSA is due on Jan. 22, 2015,
which creates urgency for renewal of the CIPFSA.  The remaining
payments are payable in equal amounts are due on or
about the same day of each succeeding month.

As collateral to secure the repayment of the indebtedness due under
the CIPFSA, the Debtors are granting BankDirect a security interest
in, among other things, the unearned premiums of the Policies.  The
CIPFSA provides that the laws of Illinois govern the transaction.

                             About MPC

Mississippi Phosphates Corporation is a major United States
producer and marketer of diammonium phosphate ("DAP"), one of the
most common types of phosphate fertilizer.  MPC, which was formed
as a Delaware corporation in October 1990, owns a DAP facility in
Pascagoula, Mississippi, which was acquired from Nu-South, Inc. in
its 1990 bankruptcy.  Phosphate rock, the primary raw material
used in the production of DAP, is being supplied by OCP S.A., a
corporation owned by the Kingdom of Morocco.

The parent, Phosphate Holdings, Inc., was formed in December 2004
in connection with the bankruptcy reorganization of MPC and its
then-parent Mississippi Chemical Corporation, the first fertilizer
cooperative in the United States.

As of Oct. 27, 2014, MPC has a work force of 250 employees, broken
into 224 regular employees and 26 "nested" third-party contract
employees.

MPC and its subsidiaries, namely Ammonia Tank Subsidiary, Inc.,
and Sulfuric Acid Tanks Subsidiary, Inc., sought Chapter 11
bankruptcy protection (Bankr. S.D. Miss. Lead Case No. 14-51667)
on Oct. 27, 2014.  Judge Katharine M. Samson is assigned to the
cases.

Mississippi Phosphates estimated $100 million to $500 million in
both assets and liabilities.  Affiliates Ammonia Tank and Sulfuric
Acid Tanks each estimated $1 million to $10 million in both assets
and liabilities.

The Debtors have tapped Stephen W. Rosenblatt, Esq., at Butler
Snow LLP as counsel.

The U.S. Trustee for Region 5 appointed seven creditors of
Mississippi Phosphates Corp. to serve on the official committee of
unsecured creditors.  The Committee tapped to retain Burr &
Forman LLP as its counsel.



MONTREAL MAINE: $200-Mil. Settlement Money Announced For Victims
----------------------------------------------------------------
Justin Giovannetti, writing for The Globe and Mail, reported that
families of those who died in the Lac-Megantic rail disaster will
have access to a $200 million fund, according to details released
from the bankruptcy case of the railroad responsible for the 2013
tragedy in eastern Quebec.

According to the report, the fund still needs to be approved by
Canadian and American courts before the first cheques are mailed to
the families of the 47 people killed in the crash.

                       About Montreal Maine

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013,
killing 47 people and destroying part of Lac-Megantic, Quebec,
sought bankruptcy protection in U.S. Bankruptcy Court in Bangor,
Maine (Case No. 13-10670) on Aug. 7, 2013, with the aim of selling
its business.  Its Canadian counterpart, Montreal, Maine & Atlantic
Canada Co., meanwhile, filed for protection from
creditors in Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein, Shur, Sawyer, and Nelson,
P.A., has been named as chapter 11 trustee.  His firm serves as
his chapter 11 bankruptcy counsel, led by Michael A. Fagone, Esq.,
and D. Sam Anderson, Esq.  Development Specialists, Inc., serves as
the Chapter 11 trustee's financial advisor.  Gordian Group, LLC,
serves as the Chapter 11 Trustee's investment banker.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana served as counsel
to MM&A.  It now serves as counsel to the Chapter 11 Trustee.

Justice Martin Castonguay oversees the case in Canada.

The Canadian Transportation Agency suspended the carrier's
operating certificate after the accident, due to insufficient
liability coverage.

The town of Lac-Megantic, Quebec, has sought financial aid to
restore the gutted community and a civil complaint alleges a
failure to take steps to prevent a derailment.

In the Canadian case, Andrew Adessky at Richter Consulting has
been appointed CCAA monitor.  The CCAA Monitor is represented by
Sylvain Vauclair at Woods LLP.  MM&A Canada is represented by
Patrice Benoit, Esq., at Gowling LaFleur Henderson LLP.

The U.S. Trustee appointed a four-member official committee of
derailment victims.  The Official Committee is represented by:
Richard P. Olson, Esq., at Perkins Olson; and Luc A. Despins,
Esq., at Paul Hastings LLP.

There's also an unofficial committee of wrongful death claimants
consisting of representatives of the estates of the 46 victims.
This group is represented by George W. Kurr, Jr., Esq., at Gross,
Minsky & Mogul, P.A.; Daniel C. Cohn, Esq., at Murtha Cullina LLP;
Peter J. Flowers, Esq., at Meyers & Flowers, LLC; Jason C.
Webster, Esq., at The Webster Law Firm; and Mitchell A. Toups,
Esq., at Weller, Green Toups & Terrell LLP.

After the U.S. Trustee formed the Official Committee, the ad hoc
committee filed papers asking the U.S. Court to have the official
committee disbanded.  The ad hoc group said it represents 46
victims of the disaster.

On Jan. 23, 2014, the Debtors won authorization to sell
substantially all of their assets to Railroad Acquisition Holdings
LLC, an affiliate of New York-based Fortress Investment Group, for
$15.7 million.  The Bankruptcy Courts in the U.S. and Canada
approved the sale.  The Fortress unit is represented by Terence M.
Hynes, Esq., and Jeffrey C. Steen, Esq., at Sidley Austin LLP.

On Jan. 29, 2014, an ad hoc group of wrongful-death claimants
submitted a plan, which would give 75% of the $25 million in
available insurance to the families of those who died after an
unattended train derailed in Lac-Megantic, Quebec, in July.  The
other 25% would be earmarked for claimants seeking compensation
for property that was damaged when much of the town burned.
Former U.S. Senator George Mitchell, a Democrat who represented
Maine in the U.S. Senate from 1980 to 1995 and who is now chairman
emeritus of law firm DLA Piper LLP, would administer the plan and
lead the effort to wrap up MM&A's Chapter 11 bankruptcy.

As reported by the Troubled Company Reporter on April 3, 2014,
Judge Kornreich ruled that the unofficial committee of wrongful
death claimants and its counsel have failed to comply with Rule
2019 of the Federal Rules of Bankruptcy Procedure, and as a result
of that failure, the Unofficial Committee and its counsel will not
be heard on any pending matter in the case.

As reported by the TCR on April 11, 2014, Judge Kornreich rejected
the disclosure statement for the Plan filed by the ad hoc group of
wrongful-death claimants, holding that the Plan is flawed and
unconfirmable.


MONTREAL MAINE: Settles Lac-Megantic Train Derailment Case
-----------------------------------------------------------
In accordance with a draft Plan of Compromise and Arrangement filed
with the Quebec Superior Court on Jan. 9 in the CCAA case for
Montreal Maine and Atlantic Canada Co. (MMAC), nearly $200 million
in settlement funds will be distributed to the victims of the
Lac-Megantic, Quebec train derailment disaster that occurred on
July 6, 2013.  According to the trustee for Montreal Maine and
Atlantic Canada Ltd. (MMA), MMAC's U.S. parent company, a similar
plan will soon be filed in the MMA chapter 11 case.  In addition,
the parties continue to pursue additional settlements with parties
who are not yet contributors, failing which litigation will
continue against those parties, with the goal of materially
increasing the settlement fund.

"We are pleased to finally reach a partial resolution and
settlement for the victims of the train derailment disaster," said
Robert Keach, the appointed trustee for the MMA bankruptcy case.
"Due to the diligence and respect by all parties associated with
this plan in Canada and the United States, we have put forward a
favorable resolution.  With continued diligence by all parties, the
settlement amount will be significantly higher."

The settlement is subject to approval by the courts presiding over
the MMA and MMAC cases.  Upon approval, the settlement funds will
be split and distributed to the following parties:

A. The Wrongful Death Claimants, including 48 deceased victims and
their families
B. The Personal Injury and Moral Damages Claimants
C. Property and Economic Damages Claimants
D. Insurer Claimants
E. Government Claimants

"Our litigation in Illinois played a dramatic role in increasing
the amount of funds that will be distributed to our clients who are
the families of the deceased victims of the Lac-Megantic disaster,"
said Peter Flowers, wrongful death plaintiffs lawyer of Meyers &
Flowers Law Firm in Chicago, who is working directly with Attorney
Jason Webster, of the Webster Law Firm in Houston. Flowers and
Webster are representing the plaintiffs who died in the train
disaster and their families.  Attorney Mitchell Toups of Beaumont,
Texas, is also involved in the legal representation of the wrongful
death victims.

"We have driven the value in the wrongful death estate higher than
our clients would have received under Canadian law," Mr. Flowers
said.  "But, this is just the beginning of the settlements for our
clients, as there are three huge contributors to this disaster
including World Fuel Services, Canadian Pacific Railway and Irving
Oil.  And they are not yet contributing a penny to this resolution.
We will turn over every stone on earth before we give up on them
and intend on pursuing them in Illinois and any other state to
ensure that they are brought to justice and held responsible for
this disaster."

                       About Montreal Maine

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013, killing
47 people and destroying part of Lac-Megantic, Quebec, sought
bankruptcy protection in U.S. Bankruptcy Court in Bangor, Maine
(Case No. 13-10670) on Aug. 7, 2013, with the aim of selling its
business.  Its Canadian counterpart, Montreal, Maine & Atlantic
Canada Co., meanwhile, filed for protection from creditors in
Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein, Shur, Sawyer, and Nelson,
P.A., has been named as chapter 11 trustee.  His firm serves as his
chapter 11 bankruptcy counsel, led by Michael A. Fagone, Esq.,
and D. Sam Anderson, Esq.  Development Specialists, Inc., serves as
the Chapter 11 trustee's financial advisor.  Gordian Group, LLC,
serves as the Chapter 11 Trustee's investment banker.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana served as counsel to
MM&A.  It now serves as counsel to the Chapter 11 Trustee.

Justice Martin Castonguay oversees the case in Canada.

The Canadian Transportation Agency suspended the carrier's
operating certificate after the accident, due to insufficient
liability coverage.

The town of Lac-Megantic, Quebec, has sought financial aid to
restore the gutted community and a civil complaint alleges a
failure to take steps to prevent a derailment.

In the Canadian case, Andrew Adessky at Richter Consulting has been
appointed CCAA monitor.  The CCAA Monitor is represented by Sylvain
Vauclair at Woods LLP.  MM&A Canada is represented by
Patrice Benoit, Esq., at Gowling LaFleur Henderson LLP.

The U.S. Trustee appointed a four-member official committee of
derailment victims.  The Official Committee is represented by:
Richard P. Olson, Esq., at Perkins Olson; and Luc A. Despins, Esq.,
at Paul Hastings LLP.

There's also an unofficial committee of wrongful death claimants
consisting of representatives of the estates of the 46 victims.
This group is represented by George W. Kurr, Jr., Esq., at Gross,
Minsky & Mogul, P.A.; Daniel C. Cohn, Esq., at Murtha Cullina LLP;
Peter J. Flowers, Esq., at Meyers & Flowers, LLC; Jason C. Webster,
Esq., at The Webster Law Firm; and Mitchell A. Toups, Esq., at
Weller, Green Toups & Terrell LLP.

After the U.S. Trustee formed the Official Committee, the ad hoc
committee filed papers asking the U.S. Court to have the official
committee disbanded.  The ad hoc group said it represents 46
victims of the disaster.

On Jan. 23, 2014, the Debtors won authorization to sell
substantially all of their assets to Railroad Acquisition Holdings
LLC, an affiliate of New York-based Fortress Investment Group, for
$15.7 million.  The Bankruptcy Courts in the U.S. and Canada
approved the sale.  The Fortress unit is represented by Terence M.
Hynes, Esq., and Jeffrey C. Steen, Esq., at Sidley Austin LLP.

On Jan. 29, 2014, an ad hoc group of wrongful-death claimants
submitted a plan, which would give 75% of the $25 million in
available insurance to the families of those who died after an
unattended train derailed in Lac-Megantic, Quebec, in July.  The
other 25% would be earmarked for claimants seeking compensation for
property that was damaged when much of the town burned.  Former
U.S. Senator George Mitchell, a Democrat who represented Maine in
the U.S. Senate from 1980 to 1995 and who is now chairman emeritus
of law firm DLA Piper LLP, would administer the plan and lead the
effort to wrap up MM&A's Chapter 11 bankruptcy.

As reported by the Troubled Company Reporter on April 3, 2014,
Judge Kornreich ruled that the unofficial committee of wrongful
death claimants and its counsel have failed to comply with Rule
2019 of the Federal Rules of Bankruptcy Procedure, and as a result
of that failure, the Unofficial Committee and its counsel will not
be heard on any pending matter in the case.

As reported by the TCR on April 11, 2014, Judge Kornreich rejected
the disclosure statement for the Plan filed by the ad hoc group of
wrongful-death claimants, holding that the Plan is flawed and
unconfirmable.


NAUTILUS HOLDINGS: Plan Hearing Adjourned Until Jan. 30
-------------------------------------------------------
The Bankruptcy Court adjourned until Jan. 30, at 10:00 a.m., the
hearing to consider the confirmation of Nautilus Holdings Limited,
et al.'s Amended Joint Plan of Reorganization dated Nov. 19, 2014.
Objections, if any, are due Jan. 20, at 4:00 p.m.

The Court also extended the (i) deadline for filing the Plan
supplement until Jan. 9, 2015 and (ii) voting deadline until Jan.
16, at 5:00 p.m.

Additionally, these dates and deadlines in connection with the
solicitation procedures, the tabulation procedures, and the
confirmation hearing will replace those set forth in the Disclosure
Statement Dec. 3, 2014 approval order:

         Event                                 Proposed Date
         -----                                 -------------
Deadline for Filing Plan Supplement:              Jan. 9

Voting Deadline:                           Jan. 16, at 5:00 p.m.

Deadline for Objections to Confirmation:   Jan. 20, at 4:00 p.m.

Voting Certification Deadline:                    Jan. 23

Deadline for Replies to Objections
  to Confirmation:                                Jan. 28

Confirmation Hearing:                      Jan. 30 at 10:00 a.m.

                           Amended Plan

As reported in the TCR on Dec. 3, 2014, the Debtors in November
filed an amended Plan that incorporates the agreement with lender
HSH Nordbank AG ("HSH") with respect to the so-called "HSH
bilateral facilities."

Some additions to the Plan include:

    -- The Plan provides that on, or as soon as reasonably
practicable after, the Effective Date, each Holder of an Allowed
Class 8 HSH-YM Facility Claim shall receive, in full and final
satisfaction, settlement, release, and discharge of, and in
exchange for, such Claim, its pro rata share of loans under the
amended and restated financing facility to be entered into between
Reorganized Debtors Able Challenger Limited, Magic Peninsula
Limited, Metropolitan Vitality Limited, and Superior Integrity
Limited and the Holders of Allowed HSH-YM Facility Claims.

   -- In exchange for, inter alia, the releases and the treatment
of the equity interests in NHL under the Plan, Elektra Limited,
Reminiscent Ventures S.A., and Synergy Management Services Limited
(the Equity-Related Entities) have made the following
contributions, among others, to the Plan and to the overall
restructuring process:

       (A) agreeing to provide a subordinated debtor in possession
facility at a low interest rate in an amount up to $5 million for
the to provide the Debtors with immediate access to cash to use in
connection with their restructuring efforts;

       (B) acquiring the shares of NHL and NH2L from the Class B
and Class C shareholders, thereby enabling the Debtors to
streamline their restructuring efforts and focus their attention
on their prepetition secured obligations;

       (C) in general supporting and participating in the
restructuring process while providing unfettered access for the
Debtors' professionals to the books and records maintained by
Synergy for the benefit of the Debtors to enable the Debtors to
fulfill their obligations as debtors in possession without any
corresponding remuneration to their employees;

       (D) agreeing to support a consensual plan without
challenging valuation issues;

       (E) with respect to the restructuring of the DVB 1 Facility
and the DVB 2 Facility: (i) a shortfall guaranty of up to $2.5
million on a revolving basis; (ii) a reduction of the management
fee payable to Synergy by DVB borrowers to $25,000 per vessel per
month  (subject to annual adjustment for inflation); and (iii) a
return of that portion of the Synergy management fee paid by the
MH Debtor and GK Debtor and pooled at NHL (i.e., 40% of amounts
upstreamed by those Debtors for payment of the Synergy management
fee since commencement of these Chapter 11 Cases) to those Debtors
(subject to amounts used to repay the debtor-in-possession
financing facility, as set forth in the DVB Term Sheet) and (F)
with respect to the restructuring of the other Secured Credit
Facilities, a reduction of the management fee payable to Synergy
by each of the borrowers and/or reorganized Vessel-owning entities
(as applicable).

   -- In the event the vessels securing the F-C Credit Agreements
are not turned over to the respective lenders thereunder by
Jan. 31, 2015, the Debtors will pay the fees and expenses of
Seward & Kissel LLP and Lazard beginning on February 1, 2015,
provided, however, that such fees and expenses shall be
reasonable and documented and the Debtors' responsibility
therefore shall not be for any fees and expenses incurred beyond
the date of a transfer of the vessels.

   -- On the Effective Date, Miltons Way Limited, Findhorn Osprey
Limited, Earlstown Limited, Floral Peninsula Limited, and
Resplendent Spirit Limited shall be deemed dissolved under
applicable law for all purposes without the necessity for any
other or further actions to be taken by or on behalf of such
debtors.

   -- On or prior to Dec. 22, 2014, the Debtors will file the Plan
Supplement, which consists of the compilation of documents and
forms of documents, schedules and exhibits to the Plan

Copies of the Amended Plan and Disclosure Statement filed Nov. 19,
2014 are available for free at:

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

                   About Nautilus Holdings

Nautilus Holdings Limited and 20 affiliated companies, including
Nautilus Holdings No. 2 Limited, filed bare-bones Chapter 11
bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 14-22885) in
White Plains, New York, on June 23, 2014.

The affiliates are Nautilus Holdings No. 2 Limited; Nautilus
Shipholdings No. 1 Limited; Nautilus Shipholdings No. 2 Limited;
Nautilus Shipholdings No. 3 Limited; Able Challenger Limited;
Charming Energetic Limited; Dynamic Continental Limited; Earlstown
Limited; Findhorn Osprey Limited; Floral Peninsula Limited; Golden
Knighthead Limited; Magic Peninsula Limited; Metropolitan Harbour
Limited; Metropolitan Vitality Limited; Miltons' Way Limited;
Perpetual Joy Limited; Regal Stone Limited; Resplendent Spirit
Limited; Superior Integrity Limited; and Vivid Mind Limited.

The Debtors' cases have been assigned to Judge Robert D. Drain,
and are being jointly administered for procedural purposes.

Hamilton, Bermuda-based Nautilus estimated $100 million to $500
million in assets and debt.  Monrovia, Liberia-based Reminiscent
Ventures S.A. owns 100% of the stock.  Nautilus has tapped Jay
Goffman, Esq., Mark A. McDermott, Esq., Shana A. Elberg, Esq., and
Suzanne D.T. Lovett, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, in New York, as counsel; and AP Services, LLC, as financial
advisor.  Epiq Bankruptcy Solutions LLC serves as the claims and
noticing agent.


NEW LOUISIANA: Hearing Today on Exclusivity Extension
-----------------------------------------------------
The Bankruptcy Court granted New Louisiana Holdings, LLC, et al.,
an  interim extension in their exclusive periods to file and
solicit acceptances for their plan of reorganization.  A final
hearing on the matter is scheduled for Jan. 13, 2015, at 10:00 a.m.
The Official Committee of Unsecured Creditors has given its
limited consent to the extension of the exclusive periods.

                        About New Louisiana

New Louisiana Holdings LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. W.D. La. Case No. 14-50756), on
June 25, 2014.

Ten affiliates of New Louisiana -- Acadian 4005 Tenant, LLC (Case
No. 14-50850), Atrium 6555 Tenant, LLC, dba The Atrium at
Lafreniere Assisted Living (Case No. 14-50851), Citiscape 5010
Tenant, LLC, dba Citiscape Apartments (Case No. 14-50853),
Lakewood Quarters Assisted 8585 Tenant, LLC (Case No. 14-50854),
Lakewood Quarters Rehab 8225 Tenant, LLC (Case No. 14-50855),
Panola 501 Partners, LP (Case No. 14-50862), Regency 14333 Tenant,
LLC (Case No. 14-50861), Retirement Center 14686 Tenant, LLC (Case
No. 14-50856), Sherwood 2828 Tenant, LLC (Case No. 14-50857), St.
Charles 1539 Tenant, LLC (Case No. 14-50858) and Woodland Village
5301 Tenant, LLC (Case No. 14-50859) filed Chapter 11 bankruptcy
petitions on July 16, 2014.

Fifteen additional affiliates of New Louisiana -- SA-PG Ocala LLC
(Case No. 14-50909), SA-PG Operator Holdings LLC (Case No. 14-
50912), SA-PG Clearwater LLC (Case No. 14-50913), SA-PG
Gainesville LLC (Case No. 14-50914), SA-PG Jacksonville LLC (Case
No. 14-50915), SA-PG Largo LLC (Case No. 14-50916), SA-PG North
Miami LLC (Case No. 14-50917), SA-PG Orlando LLC (Case No. 14-
50918), SA-PG Pinellas LLC (Case No. 14-50919), SA-PG Port St.
Lucie LLC (Case No. 14-50920), SA-PG Sun City Center LLC (Case No.
14-50921), SA-PG Tampa LLC (Case No. 14-50922), SA-PG Vero Beach
LLC (Case No. 14-50923), SA-PG West Palm Beach LLC (Case No. 14-
50924) and SA-PG Winterhaven LLC (Case No. 14-50925) filed
separate Chapter 11 bankruptcy petitions on July 28, 2014.

Four more affiliates of New Louisiana -- CHC-CLP Operator Holding
LLC (Case No. 14-51104), SA-St. Petersburg LLC (Case No. 14-
51101), SA-Clewiston LLC (Case No. 14-51102) and SA-Lakeland LLC
(Case No. 14-51103) -- that operate skilled nursing facilities
located in Lakeland, Clewiston and St. Peterburg, Florida, sought
protection under Chapter 11 of the Bankruptcy Code on Sept. 3,
2014.

The Chapter 11 cases are jointly consolidated with New Louisiana's
Chapter 11 case at Case No. 14-50756 before Judge Robert
Summerhays of the United States Bankruptcy Court for the Western
District of Louisiana (Lafayette).

The Debtors are represented by Patrick J. Neligan, Jr., Esq., at
Neligan Foley LLP, in Dallas, Texas. H. Kent Aguillard, Esq.,
serves as their local counsel.

The U.S. Trustee for Region 5 appointed three creditors to serve on
the official committee of unsecured creditors.


NEW MEDIA: Proposed Transaction No Impact on Moody's B2 CFR
-----------------------------------------------------------
Moody's says changes to New Media Holdings II LLC's (New Media)
proposed transaction will not impact the B2 Corporate Family
Rating, B3-PD Probability of Default Rating, or the B2 rating
assigned to the revolving credit and term loan facility. The
originally proposed $170 million add on term loan B will be
decreased to $102 million, which is expected to be fungible with
the existing $224 million term loan B, and the $25 million revolver
will be increased to $75 million. An additional $18 million of
Halifax subordinated debt (which will not be rated by Moody's) will
remain outstanding and be guaranteed by New Media up to $15
million. The outlook remains stable.

New Media Holdings II LLC is one of the largest community newspaper
publishers in the US with additional operations in digital
marketing services. The predecessor company, GateHouse Media, LLC
emerged from bankruptcy protection in November 2013. The holding
company, New Media Investment Group Inc. is publicly traded on the
New York Stock exchange and is managed by FIG LLC (Fortress).
Fortress and its affiliates own 1.7% of the outstanding common
equity and 41.1% of the outstanding warrants as of September 28,
2014.



NEW YORK CITY OPERA: NYCO-Led Sale Process Approved
---------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that a bankruptcy judge in New York approved
procedures allowing New York City Opera to solicit bids for its
assets to compete with the offer from NYCO Renaissance Ltd.  NYCO
offered $10,000 in cash up front and a $500,000 note for the
opera's intellectual property, including the New York City Opera
trademark, and assets related to the City Opera Thrift Shop in
Manhattan.  Competing bids were due Jan. 12, the report related.

                     About New York City Opera

New York City Opera, Inc., sought Chapter 11 bankruptcy protection
(Bankr. S.D.N.Y. Case No. 13-13240) on Oct. 3, 2013.  Created 70
years ago, the company was once dubbed "the people's opera"
by Mayor Fiorello LaGuardia, and was a breeding ground for young
talent that included Beverly Sills and Placido Domingo.

The Opera estimated between $1 million and $10 million in both
assets and debt.

The petition was signed by George Steel, general manager and
artistic director.  Kenneth A. Rosen, Esq., at Lowenstein Sandler
LLP, serves as the opera's counsel.  Ewenstein Young & Roth LLP
serves as special counsel.


NEWARK WATERSHED: Meeting to Form Creditors' Panel Set for Jan. 20
------------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on Jan. 20, 2015, at 10:00 a.m. in the
bankruptcy case of Newark Watershed Conservation and Development
Corporation.

The meeting will be held at:

         United States Trustee's Office
         One Newark Center, 1085 Raymond Blvd.
         21st Floor, Room 2106
         Newark, NJ 07102

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.  Section 1103 of the
Bankruptcy Code provides that the Committee may consult with the
debtor, investigate the debtor and its business operations and
participate in the formulation of a plan of reorganization.  The
Committee may also perform other services as are in the interests
of the unsecured creditors whom it represents.


NII HOLDINGS: Jan. 28 Hearing on Disclosure Statement Approval
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
will convene a hearing on Jan. 28, 2015, at 10:00 AM, to consider
the adequacy of the disclosure statement explaining NII Holdings,
Inc., et al.'s joint plan of reorganization.

The Plan and Disclosure Statement, filed on Dec. 22, 2014, allow
the Debtors to strengthen their balance sheet by converting $4.35
billion of prepetition notes into new stock and provide the Debtors
with $500 million of new capital.  The Plan also permits the
Debtors to avoid the incurrence of significant litigation costs and
delays in connection with potential litigation claims and exit
bankruptcy protection expeditiously and with sufficient liquidity
to execute their business plan.

Pursuant to the Plan, which is co-proposed by the Official
Committee of Unsecured Creditors, all Holders of the Prepetition
Notes will have the opportunity to ratably participate in a fully
backstopped approximately $250 million rights offering for
Reorganized NII Common Stock.  An additional $250 million of
capital in the form of debt financing also will be raised by the
Reorganized Debtors upon the Effective Date.

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that holders of about $1.69 billion on two issues of
senior unsecured notes issued by NII International Telecom SA,
known as Luxco, will have 63.5 percent of the new stock and 36.8
percent of the rights offering.  Their predicted recovery, 90.7
percent, drops to 87.9 percent assuming participation in the rights
offering, the Bloomberg report said.

Holders of some $1.36 billion on two sets of bonds due in 2016 and
2019 issued by NII Holding Inc. and NII Capital Corp., known as
Capco, will take 25.43 percent of the new stock and 29.9 percent of
the rights offering, and their predicted recovery is about 45.4
percent, the Bloomberg report added.

Objections to the approval of the Disclosure Statement are due by
Jan. 20.  The Debtors propose a March 25 confirmation hearing.
Objections to the confirmation of the Plan must be submitted on or
before March 11.  Holders of claims who are entitled to vote on the
plan must vote on or before March 11 so that a declaration on the
results of the tabulation of votes can be submitted on March 18
ahead of the confirmation hearing.

A full-text copy of the Dec. 22 Disclosure Statement is available
at http://bankrupt.com/misc/NIIds1222.pdf

                         About NII Holdings

NII Holdings Inc. through its subsidiaries provides wireless
communication services for businesses and consumers in Brazil,
Mexico and Argentina.  NII Holdings has the exclusive right to use
the Nextel brand in its markets pursuant to a trademark license
agreement with Sprint Corporation and offers unique push-to-talk
("PTT") services associated with the Nextel brand in Latin
America.  NII Holdings' shares of common stock, par value $0.001,
are publicly traded under the symbol NIHD on the NASDAQ Global
Select Market.

NII Holdings and its affiliated debtors sought bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-12611) in Manhattan
on Sept. 15, 2014.  The Debtors' cases are jointly administered
and are assigned to Judge Shelley C. Chapman.

The Debtors have tapped Jones Day as counsel and Prime Clerk LLC
as claims and noticing agent.  NII Holdings disclosed
$1.22 billion in assets and $3.068 billion in liabilities as of
the Chapter 11 filing.

The U.S. Trustee for Region 2 on Sept. 29 appointed five creditors
of NII Holdings to serve on the official committee of unsecured
creditors.


NNN 1818 MARKET STREET: Section 341(a) Meeting Set for Jan. 27
--------------------------------------------------------------
A meeting of creditors in the bankruptcy case of NNN 1818 Market
Street 16, LLC, has been scheduled for Jan. 27, 2015, at 10:00 am.
at RM 5, 915 Wilshire Blvd., 10th Floor, Los Angeles, Calif.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

NNN 1818 Market Street 16, LLC, filed a Chapter 11 bankruptcy
petition (Bankr. C.D. Calif. Case No. 15-10111) on Jan. 5, 2015.
The petition was signed by Gabor Csupo as manager.  The Debtor
estimated assets and debts of $10 million to $50 million.  John L.
Smaha, Esq., at Smaha Law Group serves as the Debtor's counsel.


NUSTAR LOGISTICS: Fitch Affirms 'B+' Issuer Default Rating
----------------------------------------------------------
Fitch Ratings affirms the 'BB' Issuer Default Rating (IDR) and
senior unsecured rating for NuStar Logistics, L.P.'s (Logistics).
The junior subordinated notes are affirmed at 'B+'.

The Outlook is Stable based on expectations that EBITDA growth will
continue, and that distribution coverage and leverage metrics will
continue to gradually improve, as the partnership has invested in
crude oil pipeline projects which should generate stable earnings.
Fitch expects cash flows to be more stable than in the past when
the partnership owned asphalt operations and a refinery.

Debt issued by Logistics is guaranteed by NuStar Energy L.P.
(NuStar) and NuStar Pipe Line Operating Partnership, L.P (NPOP).
Both Logistics and NPOP are the operating limited partnerships of
NuStar, which is a publicly traded master limited partnership
(MLP).

KEY RATING DRIVERS

The 'BB' rating is supported by NuStar's strong base of fee-based
and regulated pipeline, terminalling and storage assets, which
accounted for 80% of segment EBITDA in 2011 and should account for
approximately 95% of EBITDA in 2014. NuStar sold 50% of its asphalt
operations in September 2012, closed on the sale of its refinery in
January 2013 and divested its remaining 50% stake in the asphalt
operations in February 2014. These divested assets generated
volatile cash flows and had significant working capital
requirements.

The partnership's improved distribution coverage also supports the
rating. For the LTM ending Sept. 30, 2014, NuStar's distribution
coverage ratio was 1x after being below that for a couple of years.
NuStar's distributions to unitholders have remained flat since the
middle of 2011. Fitch expects the coverage ratio to be
approximately 1x for the near term.

Other factors which support the rating include expectations of
continued EBITDA growth. In 2014 and 2015, Fitch expects EBITDA
growth from the transportation segment, which has been the focus of
the partnership's spending. The storage segment is expected to have
somewhat flat results. This segment was previously impacted by
crude prices in backwardation resulting in a lack of EBITDA growth.
While oil prices are now in contango, Fitch does not expect
material changes in the near term.

Ratings concerns include the partnership's leverage and continued
elevated levels of spending in 2015. NuStar seeks to reduce
leverage through EBITDA growth and spending is expected to remain
significant for the partnership.

Recent ratings concerns for issuers in the crude oil and refined
products pipeline sector now include the impact of low crude
prices. It is expected that the impact on NuStar should be minimal
and that ratings should not be affected in the near term. The
pipeline segment accounted for approximately 50% of LTM EBITDA and
management estimates that approximately 90% of pipeline volumes are
from take-or-pay contracts or else structurally exclusive.
Management estimates that approximately 90% of storage is
contracted, and this segment accounted for 46% of LTM EBITDA. As of
mid-October 2014, 25% of storage had contracts expiring within one
year, 47% of contracts mature in one to three years, 24% mature in
three to five years, and 4% expire after five years.

LIQUIDITY AND LEVERAGE

NuStar has a sufficient liquidity position which Fitch estimates to
be approximately $645 million as of Sept. 30, 2014. The company had
$26 million of cash and equivalents on the balance sheet. In
addition, it has a $1.5 billion revolver due 2019 and availability
to draw on the revolver is restricted by the leverage covenant as
defined by the bank agreement. Fitch estimates that NuStar had
availability to draw approximately $560 million based on this
restriction (versus $460 million one year ago). Revolver borrowings
were $582 million. In 2014, NuStar established two short-term lines
of credit with uncommitted borrowing capacity of $80 million. As of
Sept. 30, 2014 there were $21 million of borrowings on these credit
lines leaving $59 million available for borrowing. There are no
near-term debt maturities. The $1.5 billion revolver expires in
2019, and $350 million of notes due in 2018.

Leverage as defined by the bank agreement is to be no greater than
5x for covenant compliance. However, if NuStar makes acquisitions
which exceed $50 million, the bank-defined leverage ratio increases
to 5.5x from 5x for two consecutive quarters.

The bank agreement definition of debt excludes debt proceeds held
in escrow for the future funding of construction, which was $88
million as of Sept. 30, 2013, and $403 million of junior
subordinated debt. The bank-defined leverage calculation also gives
pro forma credit for EBITDA for material projects.

Leverage (defined by Fitch as adjusted debt-to-adjusted EBITDA) was
4.6x as of Sept. 30, 2014. This is an improvement from 5.1x at the
end of 2013 and 5.7x at the end of 2012. Fitch projects leverage
will be approximately 5x at the end of 2014 and in the range of
4.75x-5x at the end of 2015. NuStar seeks to reduce leverage
through EBITDA growth and spending is expected to remain
significant for the partnership.

CAPITAL EXPENDITURES

Capital expenditures remain significant. In 2013, total capex was
$343 million and management estimates it to be $375 million in
2014. For 2015, the partnership's guidance is $435 million to $465
million. Management plans to direct approximately two-thirds of
spending to the pipeline segment and the remaining third will be
for storage. Within the pipeline segment, two-thirds of the budget
is to be focused on the Eagle Ford.

RATINGS SENSITIVITIES

Positive: Future developments that may, individually or
collectively, lead to positive rating action include:

-- Significant leverage reduction. Should leverage fall below
    4.5x over a sustained period of time, Fitch may take positive
    rating action.

Negative: Future developments that may, individually or
collectively, lead to a negative rating action include:

-- Reduced liquidity;

-- Deterioration of EBITDA and inability to meet growth
    expectations associated with capex spending and past
    acquisitions;

-- Significant increases in capital spending beyond Fitch's
    expectations which have negative consequences for the credit
    profile;

-- Increased leverage beyond 5.5x for a sustained period of time.


NW VALLEY: Case Summary & 8 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: NW Valley Holdings LLC
           fka Kyle Acquisition Group LLC
        c/o Asgaard Capital LLC
        Attn: Charles Reardon
        1934 Old Gallows Rd., Ste. 350
        Tysons Corner, VA 22182

Case No.: 15-10116

Chapter 11 Petition Date: January 10, 2015

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Hon. August B. Landis

Debtor's Counsel: Matthew C. Zirzow, Esq.
                  LARSON & ZIRZOW, LLC
                  810 S. Casino Center Blvd. #101
                  Las Vegas, NV 89101
                  Tel: 702-382-1170
                  Fax: 702-382-1169
                  Email: mzirzow@lzlawnv.com

Total Assets: $814,844

Total Liabilities: $428.2 million

The petition was signed by Charles C. Reardon, senior managing
director, Asgaard Capital, LLC, as manager.

List of Debtor's eight Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
ACA CLO 2006-2 Kyle, Inc..         Deficiency on       $918,631
c/o Apidos Capital Management      bank loan
Attn: Managing Member
715 5th Avenue
New York, NY 10019

Aizette European TB II             Deficiency on       $402,927
Attn: Managing Member              bank loan
Boulevard Du Prince henri 33
Luxembourg, LU 1724

Bank of America                    Deficiency on       $918,631
Attn: Managing Member              bank loan
401 North Tyron Street
NC1-021-02-20
Charlotte, NC 28255

Chase Lincoln First                Deficiency on     $1,377,947
Commercial Corp.                   bank loan
Attn: Managing Member
67 Wall Street
New York, NY 10005-3101

Credit Suisse Loan Funding LLC     Deficiency on    $33,486,250
c/o Credit Suisse AG               bank loan
Attn: Managing Member
11 Madison Avenue, 5th Flr.
New York, NY 10010

Hewett's Island CLO IV LTD         Deficiency on     $3,709,963
c/o Commercial Industrial Finance  bank loan
Queensgate House, South
Church Street
Georgetown, CJ

Kyle Partners LLC                  Deficiency on   $358,666,453
c/o Kyle Agent LLC as              bank loan
Admin Agent
c/o Corporation Service
Company
2711 Centerville Rd., Ste. 400
Wilmington, DE 19808

Petrusse European TB I             Deficiency on       $402,927
Attn: Managing Member              bank loan
Boulevard Du Prince Henri 33
Luxembourg, LU 1724


PASSAIC HEALTHCARE: Jan. 14 Meeting to Form Creditors' Panel Set
----------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on Jan. 14, 2015, at 10:00 a.m. in the
bankruptcy cases of Passaic Healthcare Services, LLC dba Allcare
Medical, Galloping Hill Surgical, LLC dba Allcare Medica, and
Allcare Medical SNJ, LLC dba Allcare Medical.

The meeting will be held at:

         United States Trustee's Office
         One Newark Center, 1085 Raymond Blvd.
         21st Floor, Room 2106
         Newark, NJ 07102

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.  Section 1103 of the
Bankruptcy Code provides that the Committee may consult with the
debtor, investigate the debtor and its business operations and
participate in the formulation of a plan of reorganization.  The
Committee may also perform other services as are in the interests
of the unsecured creditors whom it represents.

                    About Passaic Healthcare

Based in Plainview, New York, Passaic Healthcare Services, LLC,
doing business as Allcare Medical, is a full service durable
medical equipment company specializing in clinical respiratory,
wound care and support services.  Passaic, which employs 200
individuals, has seven locations in New Jersey, New York and
Pennsylvania.

Passaic began operations in December 2010 after it acquired
substantially all of the assets of C&C Homecare, Inc., and
Extended
Care Concepts through a bankruptcy sale under 11 U.S.C. Sec. 363.
After acquiring 100% of the equity interests in Galloping Hill
Surgical, LLC and Allcare Medical SNJ, LLC, Passaic began using
"Allcare Medical" as trade name for its entire business, and
discontinued marketing under the name C&C Homecare.

Passaic Healthcare filed a Chapter 11 bankruptcy petition (Bankr.
D.N.J. Case No. 14-36129) in Trenton, New Jersey, on Dec. 31,
2014.  The case is assigned to Judge Christine M. Gravelle.

The Debtor has tapped Joseph J. DiPasquale, Esq., and Thomas
Michael Walsh, Esq., at Trenk, DiPasquale, Della Fera & Sodono,
P.C., in West Orange, New Jersey, as counsel.

The Debtor estimated $10 million to $50 million in assets.

The Debtor's schedules of assets and liabilities and other
incomplete filings are due Jan. 14, 2015.  The Debtor's exclusive
period to propose a plan expires on April 30, 2015.


PETRON ENERGY: Union Capital Reports 9.9% Equity Stake at Jan. 6
----------------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Union Capital, LLC, disclosed that as of Jan. 6, 2015,
it beneficially owned 563,640 shares of common stock of Petron
Energy II, Inc., representing 9.99% (based on the total of
3,507,978 outstanding shares of Common Stock).  A copy of the
regulatory filing is available for free at http://is.gd/Jm84dD

                         About Petron Energy

Dallas-based Petron Energy II, Inc., is engaged primarily in the
acquisition, development, production, exploration for and the sale
of oil, gas and gas liquids in the United States.  As of Dec. 31,
2011, the Company is operating in the states of Texas and
Oklahoma.  In addition, the Company operates two gas gathering
systems located in Tulsa, Wagoner, Rogers and Mayes counties of
Oklahoma.  The pipeline consists of approximately 132 miles of
steel and poly pipe, a gas processing plant and other ancillary
equipment.  The Company sells its oil and gas products primarily
to a domestic pipeline and to another oil company.

Petron Energy reported a net loss of $4.30 million in 2013
following a net loss of $8.32 million in 2012.

As of Sept. 30, 2014, the Company had $3.74 million in total
assets, $13.8 million in total liabilities and a $10.09 million
total stockholders' deficit.

KWCO, PC, in Odessa, TX, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2013.  The independent auditors noted that the Company's
significant operating losses since inception raise substantial
doubt about its ability to continue as a going concern.


PHOENIX PAYMENT: Alert Services Sells $294K in Claims to TRC
------------------------------------------------------------
In the Chapter 11 case of Phoenix Payment Systems, Inc., trade
creditor Alert Services, Inc., transfered $294,314.45 in claims to
TRC Master Fund LLC in November 2014.

                      About Phoenix Payment

Founded in 2004, Phoenix Payment Systems, Inc., aka Electronic
Payment Systems, aka EPX, is an international payment processor
with corporate headquarters in Wilmington, Delaware, and
technology headquarters in Phoenix, Arizona.  It provides
acceptance, processing, support, authorization and settlement
services for credit card, debit card and e-check payments.

Providing processing services at more than 8,700 locations
worldwide, PPS processed, in multiple currencies, 280 million
transactions in 2013 and expects to process 400 million in 2014.

Phoenix Payment Systems sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Del. Case No. 14-11848) on Aug. 4,
2014, to quickly sell its assets.

As of the Petition Date, the Debtor had total outstanding
liabilities and other obligations of $16.6 million and 9.8 million
shares of outstanding preferred and common stock.  Debt to secured
creditor The Bancorp Bank is estimated at $6.2 million.  The
Debtor disclosed $7,230,399 in assets and $14,083,645 in
liabilities as of the Chapter 11 filing.

Judge Mary F. Walrath presides over the case.

The Debtor's attorneys are Richard J. Bernard, Esq., at Foley &
Lardner LLP, in New York; and Mark D. Collins, Esq., Russell
Siberglied, Esq., Zachary I Shapiro, Esq., and Marisa A.
Terranova, Esq., at Richards Layton & Finger, P.A., in Wilmington,
Delaware.  The Debtor's banker and financial advisor is Raymond
James & Associates, Inc., while Bederson, LLC, is the Debtor's
accountant.  PMCM, LLC, provides advisory services and executive
leadership to the Debtor.  The Debtor's claims and noticing agent
is Omni Management Group, LLC.

The U.S. Trustee for Region 3 has appointed three members to the
Official Committee of Unsecured Creditors.  The Committee tapped
to retain Lowenstein Sandler LLP, and White and Williams LLP as
its co-counsel; Alvarez & Marsal North America, LLC as its
financial consultant.


POINT BLANK: $3MM in Claims Transferred in December 2014
--------------------------------------------------------
In the Chapter 11 case of Point Blank Solutions Inc., a total of
six claims switched hands from Dec. 9, 2014, to Dec. 19, 2014:

     Transferee           Transferor           Claim Amount
     ----------           ----------           ------------
Argo Partners          Universal Sewing           $4,745.40
                       Machine Co.

Fair Harbor Capital,   Polymer Technologies Inc. $16,930.34
LLC                      

MCS Capital LLC        Wayne B. Kolbeck       $3,500,000.00

TRC Master Fund LLC    Top Value Fabrics, Inc.   $18,325.92

TRC Master Fund LLC    Top Value Fabrics, Inc.   $18,716.04

TRC Master Fund LLC    Top Value Fabrics, Inc.   $37,066.96

Headquartered in Pompano Beach, Florida, Point Blank Solutions,
Inc. -- http://www.pointblanksolutionsinc.com/-- designs and  
produces body armor systems for the U.S. Military, Government and
law enforcement agencies, as well as select international markets.
The Company maintains facilities in Pompano Beach, Florida, and
Jacksboro, Tennessee.

The Company's former chief executive officer and chief operating
officer were convicted in September 2010 of orchestrating a
$185 million fraud.

Point Blank Solutions, formerly DHB Industries, filed for
Chapter 11 protection (Bankr. D. Del. Case No. 10-11255) on
April 14, 2010.  Laura Davis Jones, Esq., Alan J. Kornfeld, Esq.,
David M. Bertenthal, Esq., and Timothy P. Cairns, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as bankruptcy counsel to
the Debtor.  Olshan Grundman Frome Rosenweig & Wolosky LLP serves
as corporate counsel.  Epiq Bankruptcy Solutions serves as claims
and notice agent.

The Hon. Brendan Linehan Shannon of the U.S. Bankruptcy Court for
the District of Delaware reassigned the Chapter 11 case of Point
Blank Solutions Inc. to the Hon. Christopher S. Sontchi.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Equity Security
Holders in the case.  Ian Connor Bifferato, Esq., and Thomas F.
Driscoll III, Esq., at Bifferato LLC; and Carmen H. Lonstein,
Esq., Andrew P.R. McDermott, Esq., and Lawrence P. Vonckx, Esq.,
at Baker & McKenzie LLP, serve as counsel for the Official
Committee of Equity Security Holders.  Robert M. Hirsh, Esq., and
George P. Angelich, Esq., at Arent Fox LLP, serve as counsel to
the Creditors Committee, and Frederick B. Rosner, Esq., and
Brian L. Arban, Esq., at the Rosner Law Group LLC, serve as
co-counsel.

In October 2011, the Debtors sold substantially all assets to
Point Blank Enterprises, Inc.  The lead debtor changed its name to
SS Body Armor I, Inc. following the sale.


POINT BLANK: Asks Court to Extend Deadline to Remove Suits
----------------------------------------------------------
SS Body Armor I, Inc., has filed a motion seeking additional time
to remove civil lawsuits involving the company.

In its motion, SS Body Armor, formerly known as Point Blank
Enterprises Inc., proposed to extend the deadline for filing
notices of removal of lawsuits filed before and after its
bankruptcy filing to June 30, 2015.

The extension would give SS Body Armor opportunity "fully-informed
decisions" concerning removal of any lawsuit involving the company,
according to its lawyer, Laura Davis Jones, Esq., at Pachulski
Stang Ziehl & Jones LLP, in Wilmington, Delaware.

                        About Point Blank

Headquartered in Pompano Beach, Florida, Point Blank Solutions,
Inc. -- http://www.pointblanksolutionsinc.com/-- designs and
produces body armor systems for the U.S. Military, Government and
law enforcement agencies, as well as select international markets.
The Company maintains facilities in Pompano Beach, Florida, and
Jacksboro, Tennessee.

The Company's former chief executive officer and chief operating
officer were convicted in September 2010 of orchestrating a $185
million fraud.

Point Blank Solutions, formerly DHB Industries, filed for
Chapter 11 protection (Bankr. D. Del. Case No. 10-11255) on
April 14, 2010.  Laura Davis Jones, Esq., Alan J. Kornfeld, Esq.,
David M. Bertenthal, Esq., and Timothy P. Cairns, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as bankruptcy counsel to
the Debtor.  Olshan Grundman Frome Rosenweig & Wolosky LLP serves
as corporate counsel.  Epiq Bankruptcy Solutions serves as claims
and notice agent.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Equity Security
Holders in the case.  Ian Connor Bifferato, Esq., and Thomas F.
Driscoll III, Esq., at Bifferato LLC; and Carmen H. Lonstein, Esq.,
Andrew P.R. McDermott, Esq., and Lawrence P. Vonckx, Esq., at Baker
& McKenzie LLP, serve as counsel for the Official Committee of
Equity Security Holders.  Robert M. Hirsh, Esq., and George P.
Angelich, Esq., at Arent Fox LLP, serve as counsel to the Creditors
Committee, and Frederick B. Rosner, Esq., and
Brian L. Arban, Esq., at the Rosner Law Group LLC, serve as
co-counsel.

In October 2011, the Debtors sold substantially all assets to Point
Blank Enterprises, Inc.  The lead debtor changed its name to SS
Body Armor I, Inc. following the sale.


PPL CAPITAL: Fitch Withdraws 'BB+' Jr. Subordinated Notes Rating
----------------------------------------------------------------
Fitch Ratings withdraws the ratings of PPL Corporation and its U.S.
subsidiaries for business reasons.

Fitch withdraws these ratings:

PPL Corporation
   -- Long-term Issuer Default Rating (IDR) at 'BBB';
   -- Short-term IDR at 'F2';
   -- Rating Outlook Positive.

PPL Capital Funding Inc.
   -- Senior unsecured debt at 'BBB';
   -- Junior subordinated notes at 'BB+';
   -- Rating Outlook Positive.

PPL Electric Utilities Corp.
   -- Long-term IDR 'BBB+';
   -- Secured debt at 'A';
   -- Short-term IDR at 'F2';
   -- Commercial paper at 'F2';
   -- Rating Outlook Stable.

LG&E and KU Energy LLC
   -- Long-term IDR at 'BBB+';
   -- Senior unsecured debt at 'BBB+';
   -- Short-term IDR at 'F2';
   -- Rating Outlook Stable.

Kentucky Utilities Company
   -- Long-term IDR at 'A-';
   -- Secured debt at 'A+';
   -- Secured pollution control bonds at 'A+/F2';
   -- Senior unsecured debt at 'A';
   -- Short-term IDR at 'F2';
   -- Commercial paper at 'F2';
   -- Rating Outlook Stable.

Louisville Gas and Electric Company
   -- Long-term IDR at 'A-';
   -- Secured debt 'A+';
   -- Secured pollution control bonds at 'A+/F2';
   -- Senior unsecured debt at 'A';
   -- Short-term IDR at 'F2';
   -- Commercial paper at 'F2';
   -- Rating Outlook Stable.

PPL Energy Supply, LLC.
   -- Long-term IDR at 'BB';
   -- Senior unsecured debt at 'BB';
   -- Short-term IDR at 'B';
   -- Commercial paper at 'B';
   -- Rating Watch Negative.



PRIME TIME INT'L: Okayed to Sell Assets; Closing Conditions Waived
------------------------------------------------------------------
U.S. Bankruptcy Judge Madeleine C. Wanslee granted approval to
Prime Time International Company, et al., to sell substantially all
assets to an entity named Prime Time International Acquisition LLC.


The judge authorized the Debtors to modify, amend and supplement
asset purchase agreement approved by the sale order dated Nov. 13,
2014.  The buyer has agreed to modify, amend and supplement the
agreement and provide further benefit to the estates by waiving all
conditions to closing.  Effectively, the buyer will close on the
transaction without condition (other than non-material conditions
to document and finalize the transaction).  

Although the Debtors and the buyer will work toward obtaining
licensing to transfer operations, the buyer will be obligated to
close by March 30, 2016, unless further extended by agreement.

Additionally, the Debtors and buyer agree to stage the closing of
the purchased assets.  If the Debtors sell the real estate and
manufacturing equipment owned in North Carolina (already part of
the agreement) prior to Dec. 31, 2014, the Debtors' estates will
(a) obtain a financial benefit which will be lost if closed in 2015
or thereafter; and (b) obtain a new roof for the building which the
Buyer will complete.  The buyer has agreed to close the portion of
the transaction and lease back use to the estates for $1.00 until
the transaction is fully closed.

The Debtors' counsel can be reached at:

         David D. Cleary, Esq.
         GREENBERG TRAURIG, LLP
         2375 East Camelback Road, Suite 700
         Phoenix, AZ 85016
         Tel: (602) 445-8000
         Fax: (602) 445-8100
         E-mail: clearyd@gtlaw.com

                   About Prime Time International

Prime Time International Company, formerly known as Single Stick
Inc., manufactures and distributes cigarettes and little cigars.
PTIC has two wholly-owned subsidiaries: USA Tobacco, which
distributes PTIC's products, and 21st Century Brands, LLC, which
distributes non-tobacco consumer products.

Annual sales are $40 million and the company's products are in
100,000 convenience stores in North America.  The company has
direct accounts with each of the top 25 largest convenience store
distributors in the United States.

Prime Time and its two subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. D. Ariz. Lead Case No. 14-03518) in Phoenix on
March 15, 2014.  The Debtors have tapped Greenberg Traurig as
attorneys, Odyssey Capital Group, LLC, as financial advisors, and
Schian Walker, P.L.C., as conflicts counsel.

The Debtors disclosed $26.8 million in total assets and
$23.4 million in total liabilities as of Jan. 31, 2014.


RADIOSHACK CORP: Salus Offers $500 Million Bankruptcy Loan
----------------------------------------------------------
Matt Jarzemsky, Gillian Tan and Drew FitzGerald, writing for Daily
Bankruptcy Review, reported that Salus Capital Partners has offered
RadioShack Corp. $500 million in bankruptcy financing, according to
people familiar with the matter, a move that could increase the
lender's influence if the struggling retailer ends up in Chapter
11.

According to the report, RadioShack hasn't said it plans to seek
bankruptcy protection, but the Fort Worth, Texas-based consumer
electronics retailer is running out of cash after posting losses in
each of the last 11 quarters.  In September, it warned that it
could be forced into bankruptcy court if it couldn't raise new
funds or get relief from lenders, including Salus, that are
blocking its effort to close hundreds of stores, the DBR report
recalled.

                     About Radioshack Corporation

RadioShack (NYSE: RSH) -- http://www.radioshackcorporation.com/--
is a national retailer of innovative mobile technology products
and services, as well as products related to personal and home
technology and power supply needs.  RadioShack's retail network
includes more than 4,300 company-operated stores in the United
States, 270 company-operated stores in Mexico, and approximately
1,000 dealer and other outlets worldwide.

Radioshack reported a net loss of $400.2 million in 2013, a net
loss of $139.4 million in 2012, and net income of $72.2 million in
2011.  The Company's balance sheet at Aug. 2, 2014, showed $1.14
billion in total assets, $1.21 billion in total liabilities and a
$63 million total shareholders' deficit.

                           *     *     *

As reported by the TCR on Sept. 15, 2014, Standard & Poor's
Ratings Services lowered its corporate credit rating on Fort
Worth, Texas-based RadioShack Corp. to 'CCC-' from 'CCC'.

"The downgrade comes as the company announced it will seek
capital, and that such a transaction could include a debt
restructuring in addition to store closures and other measures,"
said Standard & Poor's credit analyst Charles Pinson-Rose.

In the Sept. 16, 2014, edition of the TCR, the TCR reported that
Fitch Ratings had downgraded the Long-term Issuer Default Rating
(IDR) for RadioShack Corporation (RadioShack) to 'C' from 'CC'.
The downgrade reflects the high likelihood that RadioShack will
need to restructure its debt in the next couple of months.

The TCR reported on March 13, 2014, that Moody's Investors Service
downgraded RadioShack Corporation's corporate family rating to
Caa2 from Caa1.  "The continuing negative trend in RadioShack's
sales and margins has resulted in a precipitous drop in
profitability causing continued deterioration in credit metrics
and liquidity," Mickey Chadha, Senior Analyst at Moody's said.


RESTORGENEX CORP: T. Boris Resigns as Gen. Counsel and Secretary
----------------------------------------------------------------
Timothy Boris, general counsel and secretary of RestorGenex
Corporation, resigned effective as of Jan. 19, 2015, to take a
position within another company, according to a regulatory filing
with the U.S. Securities and Exchange Commission.  After his
departure, Mr. Boris's responsibilities will be shared among
RestorGenex's chief executive officer, chief financial officer and
outside counsel.

The Board of Directors of RestorGenex elected Phillip B. Donenberg,
RestorGenex's current chief financial officer, as secretary,
effective as of Jan. 19, 2015.

                         About RestorGenex

RestorGenex Corporation operates as a biopharmaceutical company.
It focuses on dermatology, ocular disease, and women's health
areas.  The company was formerly known as Stratus Media Group,
Inc., and changed its name to RestorGenex Corporation in March
2014.  RestorGenex Corporation is based in Los Angeles,
California.

Restorgenex reported a net loss of $2.45 million in 2013 following
a net loss of $6.85 million in 2012.

The Company's balance sheet at Sept. 30, 2014, showed $50.5 million
in total assets, $7.74 million in total liabilities and $42.8
million in total stockholders' equity.

Goldman Kurland and Mohidin LLP, in Encino, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that RestorGenex Corporation has suffered recurring
losses and has negative cash flow from operations.  These
conditions, the auditors noted, raise substantial doubt as to the
ability of RestorGenex Corporation to continue as a going concern.


RICCO INC: Distribution of Real Estate Sale Proceeds Approved
-------------------------------------------------------------
U.S. Bankruptcy Judge Patrick M. Flatley authorized Robert L.
Johns, Chapter 11 trustee for Ricco Inc., to make final
distribution of proceeds of the real estate sale and management of
Lupo Tana partners, Amico Partners and Ambizioso Partners and
distribution of court approved administrative fees.

The Trustee will distribute the funds contained in the bank
accounts of Lupo Tana, plus any future interest earned as:

   a) Daniel Kelly              $28,752 (5% interest)

   b) Brian Sowers              $17,251 (3% interest)

   c) Sherry Brady              $17,251 (3% interest)

   d) Jeffry Allen Brady        $17,251 (3% interest)

   e) Estate account for
      Ricco Inc.               $669,229 (6% interest and fees)

Additionally, the Trustee will distribute all the funds contained
in the bank accounts of Amico Partners and Ambiziozo, Partners to
Rico, Inc., the 100% shareholder of each entity.

                          About Ricco Inc.

Elk Garden, West Virginia-based Ricco, Inc. -- aka Amico Partners,
Ambizioso Partners, Lupo Tana Partners, and Tre Manichinos Partners
-- filed for Chapter 11 bankruptcy protection on Jan. 7,
2010 (Bankr. N.D. W.V. Case No. 10-00023).  In its schedules, the
Debtor disclosed $15.2 million in assets and $4.094 million in
liabilities as of the Petition Date.

Wendel B. Turner, Esq., and Robert L. Johns, Esq., at Turner &
Johns, PLLC, in Charleston, West Va., represent Robert L. Johns,
Chapter 11 Trustee as counsel.

David M. Thomas, Esq., and Michael R. Proctor, Esq., at Dinsmore
and Shohl LLP, in Morgantown, W. Va., represent the Official
Committee of Unsecured Creditors as counsel.


RIVER TERRACE: Confirms Chapter 11 Reorganization Plan
------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that River Terrace Estates Inc., a non-profit senior
living community in Bluffton, Indiana, got court approval in
December for a reorganization plan largely worked out before the
Chapter 11 filing in July.

According to the report, the plan allows bondholders to exchange
their $14 million of existing debt for $7.5 million in new bonds.
If a buyer willing to pay at least $6 million cash plus specified
costs for the business emerged by Dec. 29, the bondholders instead
would have received net cash proceeds from the sale, the report
said.

Unsecured creditors, other than affiliate lender River Terrace
Estates Foundation, will be paid over six months without interest
while priority and resident claims will be reinstated and paid in
the ordinary course of business, the report related, citing court
papers.

River Terrace Estates, Inc., a continuing-care and retirement
community, sought protection under Chapter 11 of the Bankruptcy
Code (Case No. 14-11829, Bankr. N.D. Ind.) on July 22, 2014.  The
case is before Judge Robert E. Grant.  The Debtor's counsel is
Jeffrey A. Hokanson, Esq., at Frost Brown Todd LLC, in
Indianapolis, Indiana.


RONALD GOLDIN: Court Rules on Validity of Automatic Stay
--------------------------------------------------------
Mark Young and Ronald Goldin are domestic partners and are each
debtors in separate bankruptcy cases filed and pending in U.S.
Bankruptcy Court for the Northern District of California.  Young
filed a Chapter 13 petition (Bankr. N.D. Cal. No. 13-11303) on June
28, 2013.  Goldin filed a voluntary Chapter 11 case (Bankr. N.D.
Cal. Case No. 13-_____) on August 26, 2013; the case was converted
to Chapter 7 and Timothy Hoffman appointed trustee on December 17,
2013.

Because the financial affairs of Young and Goldin were intertwined,
Hoffman determined that a quiet title action was necessary to
determine the rights of the Goldin bankruptcy estate in certain
real property. His counsel filed an adversary proceeding in this
court seeking such relief on June 19, 2014, naming Young as a
defendant along with Goldin's parents. Hoffman's counsel did not
realize that Young was in bankruptcy at the time.

Young was served with the summons and complaint on June 25, 2014,
and with an alias summons two days later. He ignored them and
failed to inform his counsel about them.

Still not realizing that Young was in bankruptcy, Hoffman's counsel
sought entry of Young's default, which was entered on August 27,
2014.  Hoffman's counsel did not realize that Young was in
bankruptcy until December 8, 2014, when he came across a copy of
Young's bankruptcy petition in documents obtained by discovery from
a third party.

Believing that his adversary proceeding violated the automatic stay
in Young's bankruptcy case, Hoffman now seeks annulment of the stay
pursuant to Sec. 362(d) of the Bankruptcy Code to validate the
actions he took before realizing Young was in bankruptcy. Young
opposes, agreeing that the adversary proceeding is necessary to
determine the rights of the parties regarding the real estate but
arguing that the entry of his default was void and should remain
void in order to give him the opportunity to assert his rights,
even though he demonstrated no interest in those rights when he was
served.

Trial of the matter is set before a recalled bankruptcy judge in
two months.

In a January 9, 2015 Memorandum available at http://is.gd/xs2hm0
from Leagle.com, Bankruptcy Judge Alan Jaroslovsky held that, to
the extent the automatic stay applies at all, it is annulled as to
the adversary proceeding.


SAINT CATHERINE: To Be Auctioned on Jan. 14, Three Bids Expected
----------------------------------------------------------------
Saint Catherine Regional Hospital is scheduled to go up for auction
on Jan. 14, 2015, Gary Popp at Newsandtribune.com reports.

Charlestown officials, according to Newsandtribune.com, are
expecting two or three entities to bid against one another to take
ownership of the hospital.

Newsandtribune.com relates that Charlestown City Council approved
the backing of an additional $200,000, for a total of $450,000,
from New Washington State Bank to keep the hospital in operation
before it is taken over by a new owner.  The report, citing
Charlestown Mayor Bob Hall, states that council members approved
the city to serve as guarantor of the loan, which is at the top of
the list to be repaid once the hospital is sold.

Newsandtribune.com quoted Mr. Hall as saying, "I think the hospital
is a critical resource for the community, and we want to keep it
here.  The bankruptcy, the process of Chapter 13, is to get the
hospital where it can be sold, which has happened now."

                 About Saint Catherine Hospitals

Saint Catherine Hospital of Indiana LLC --
http://www.saintcatherinehospital.com-- an acute-care hospital in

Charlestown, Indiana, filed for Chapter 11 protection June 19 in
New Albany, Indiana (Bankr. S.D. Ind. Case No. 12-91316).  Saint
Catherine Hospital of Indiana is a regional facility that performs
weight-loss surgery and other procedures.  The Debtor estimated
assets worth less than $10 million and debt exceeding $10 million.

A buyer has been located to purchase the operation while in
Chapter 11, according to a report by Bill Rochelle, the bankruptcy
columnist for Bloomberg News.  Mr. Rochelle also reports that, in
addition to losses from operations, bankruptcy was the result of a
lawsuit begun by the trustee for Saint Catherine Hospital of
Pennsylvania, which filed for bankruptcy reorganization in April
in Wilkes-Barre, Pennsylvania.  The Chapter 11 trustee in the
Pennsylvania hospital's case filed a lawsuit to recover $300,000
allegedly transferred to the Indiana institution.

Saint Catherine Hospital of Pennsylvania, LLC, dba Saint Catherine
Medical Center of Fountain Springs, filed a Chapter 11 petition
(Bankr. M.D. Pa. Case No. 12-02073) on April 9, 2012, estimating
under $50,000 in assets and debts.  It is a non-operating 107-bed
hospital in Ashland, Pennsylvania.  John H. Doran, Esq., at Doran
& Doran, P.C., in Wilkes-Barre, Pennsylvania, served as counsel.

Nine days after the bankruptcy filing, U.S. Bankruptcy Judge John
J. Thomas granted the request of the Chapter 11 trustee to convert
the Chapter 11 case of Saint Catherine Hospital of Pennsylvania to
a liquidation in Chapter 7.


SCIENTIFIC LEARNING: Noel Moore Held 4.8% Stake as of Dec. 31
-------------------------------------------------------------
In an amended Schedule 13G filed with the U.S. Securities and
Exchange Commission, Noel G. Moore disclosed that as of Dec. 31,
2014, he beneficially owned 1,136,710 shares of common stock of
Scientific Learning Corporation representing 4.8 percent of the
shares outstanding.  A copy of the regulatory filing is available
for free at http://is.gd/evnk9l

                   About Scientific Learning Corp

Scientific Learning is an education company.  The Company
accelerates learning by applying proven research on how the brain
learns in online and on-premise software solutions.  The Company
provides its learning solutions primarily to United States K-12
schools in traditional brick-and-mortar, virtual or blended
learning settings and also to parents and learning centers, in
more than 40 countries around the world.  The Company's sales are
concentrated in K-12 schools in the U.S., which in during the year
ended December 31, 2011 were estimated to total over 116,000
schools serving approximately 55 million students in almost 14,000
school districts. During the year ended Dec. 31, 2011, the K-12
sector accounted for 87 percent of the sales of the Company.

Scientific Learning incurred a net loss of $6.20 million on $21.06
million of total revenues for the year ended Dec. 31, 2013, as
compared with a net loss of $9.65 million on $28.1 million of total
revenues in 2012.  The Company incurred a net loss of $6.47 million
in 2011.

As of Dec. 31, 2013, the Company had $7.11 million in total
assets, $17.7 million in total liabilities, and a $10.6 million
total stockholders' deficit.

Armanino LLP, in San Ramon, California, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that the
Company's recurring losses from operations, deficiency in working
capital and its need to raise additional capital raise substantial
doubt about its ability to continue as a going concern.


SEVEN COUNTIES: U.S. Trustee Balks at Plan Releases
---------------------------------------------------
Samuel K. Crocker, the U.S. Trustee for Kentucky and Tennessee,
objects to the First Amended Plan of Reorganization of Seven
Counties Services, Inc.

On Oct. 6, 2014, the Debtor filed a Disclosure Statement and Plan
which includes two separate provisions that provide a release from
liability for acts or omissions committed by certain parties during
the course of, and related to, Seven Counties' Chapter 11
proceeding.

The U.S. Trustee objects to the Plan's release and injunction
provisions because: (i) the circumstances of the case do not meet
the stringent Dow Corning test enunciated by the Sixth Circuit to
explain when a "bankruptcy court may enjoin a non-consenting
creditor's claims against a non-debtor."

In the first release provision (the Debtor's Release), the Debtor
waives any rights it has to sue its directors, officers, employees,
underwriters, investment bankers, financial advisors, members,
managers, and agents for any acts or omissions relating to the
Chapter 11 proceeding.

The second release provision (the Claim Holder's Release) provides
that the holders of allowed claims who vote for the Plan waive any
right to sue the debtor and its present or former directors,
officers, employees, attorneys, accountants, underwriters,
investment bankers, financial advisors, members, managers, and
agents.

As reported in the Troubled Company Reporter on Dec. 8, 2014, the
Bankruptcy Court set a Jan. 6, confirmartion hearing of the
Debtor's Plan.

According to the Disclosure Statement, the Plan contemplates the
reorganization of existing debt and continuation of the Debtor's
normal business operations.  The primary objectives of the Plan
are to: (a) maximize the value of the ultimate recoveries to all
creditor groups on a fair and equitable basis; and (b) settle,
compromise, or otherwise dispose of certain claims and interests
on terms that the Debtor believes to be fair and reasonable and in
the best interests of the Debtor's estate and its creditors.

Upon entry of the confirmation order, the Debtor will continue to
operate its business and manage its assets, which will generate
income projected to be sufficient for the Debtor to meet its
ongoing expenses and obligations contemplated under the Plan.

A copy of the Disclosure Statement is available for free at

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

The Trustee is represented by:

         Scott J. Goldberg, Esq.
         Samuel K. Crocker, Esq.
         U.S. Trustee, Region 8
         U.S. Department of Justice
         Office of the U.S. Trustee
         601 W. Broadway, Suite 512
         Louisville, KY 40202
         Tel: (502) 582-6000

                     About Seven Counties

Seven Counties Services Inc., a not-for-profit behavioral
services provider from Louisville, Kentucky, filed for Chapter 11
protection (Bankr. W.D. Ky. Case No. 13-31442) on April 4, 2013.
The agency generates more than $100 million a year in revenue and
employs a staff of 1,400 providing services at 21 locations and
120 schools and community centers.

The petition was signed by Anthony M. Zipple as president/CEO.
The Debtor scheduled assets of $45,603,716 and scheduled
liabilities of $232,598,880.

Judge Joan A. Lloyd presides over the case.  David M. Cantor,
Esq., Neil C. Bordy, Esq., Charity B. Neukomm, Esq., Tyler R.
Yeager, Esq., and James E. McGhee III, Esq., at SEILLER WATERMAN
LLC, serve as counsel to the Debtor.  Bingham Greenebaum Doll LLP
and Wyatt, Tarrant & Combs LLP have been retained by the Debtor as
special counsel.  Hall, Render, Killian, Heath & Lyman, PLLC, is
special counsel to represent and advise it in the implementation
of its new software system.

Peritus Public Relations, LLC, has been tapped to provide public
relations and public affairs support in Kentucky.

Fifth Third Bank, the cash collateral lender, is represented by
Brian H. Meldrum, Esq., at STITES & HARBISON PLLC; and Robert C.
Goodrich, Jr., Esq., at STITES & HARBISON PLLC.


SUNTECH AMERICA: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

    Debtor                                           Case No.
    ------                                           --------
    Suntech America, Inc.                            15-10054
       aka Suntech Power
    501 Second Street, Suite 575
    San Francisco, CA 94107

    Suntech Arizona, Inc.                            15-10056
    501 Second Street, Suite 575
    San Francisco, CA 94107

Type of Business: Historically, Suntech America was the main
                  operating subsidiary of the Suntech Group in the
                  Americas and its primary business purpose was
                  acting as an intermediary for marketing, selling
                  and distributing Suntech Group manufactured
                  products.

Chapter 11 Petition Date: January 12, 2015

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Christopher S. Sontchi

Debtors' Counsel: Mark D. Collins, Esq.
                  Paul Noble Heath, Esq.
                  William A. Romanowicz, Esq.
                  Zachary I Shapiro, Esq.
                  RICHARDS, LAYTON & FINGER, P.A.
                  One Rodney Square
                  920 North King Street
                  Wilmington, DE 19801
                  Tel: 302 651-7700
                  Fax: 302-651-7701
                  Email: collins@RLF.com
                         heath@rlf.com
                         Romanowicz@rlf.com
                         shapiro@rlf.com

Debtors' claims   UPSHOT SERVICES LLC
and Noticing
Agent:

Estimated Assets: $100 million to $500 million

Estimated Debts: $100 million to $500 million

The petitions were signed by Robert Moon, chief restructuring
officer.

Consolidated List of Debtors' 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Wuxi Suntech Power Co., Ltd.       Former            $143,935,132
9 Xin Hua Road                     Intercompany
New District Wuxi Jiangsu
Province, 214028
China

Gintech Energy Corporation         Vendor              $1,703,177
No. 21, Kebei 1st Rd.
Hsinchu Science Park
Jhunan Township
Miaoli County
Taiwan 250, China

Suntech Power Asia Pacific         Former                $690,653
Limited                            Intercompany
21/F Edinburgh Tower
The Landmark 15
Queen's Rd. Hong Kong

Changzhou Almaden Co., Ltd.        Vendor                $115,577

Tonglin Electric                   Vendor                 $80,035

Specialized Technology Resources   Vendor                 $55,634

Bank of China                      Letter of Credit       $24,077

Phoenix Packaging                  Vendor                 $21,492

O'Melveny and Myers LLP            Vendor                 $15,503

Tonsan                             Vendor                 $11,452

Cameron Park Senior Living LLC     Plaintiff         Unliquidated

Centex                             Plaintiff         Unliquidated

Energy Conversion  Devices, Inc.   Plaintiff         Unliquidated

Logistics Plus Inc.                Vendor            Unliquidated

Harry Fleming                      Plaintiff         Unliquidated

Pacific Oak Development Inc.       Plaintiff         Unliquidated

Solyndra LLC                       Plaintiff         Unliquidated

US Customs and Border Protection   US Customs        Unliquidated
                                   Agency

CA State Board of Equalization     Sales Tax         Unliquidated

William & Cindy Kuffner            Plaintiff         Unliquidated


TENGION INC: Kidney Drug Maker in Chapter 7 Liquidation
-------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Tengion Inc., a developer of a therapy to treat
chronic kidney disease, filed a petition on Dec. 29 in Delaware to
liquidate in Chapter 7, with a trustee selling the assets.

According to the report, Tengion, which was developing a process to
regenerate kidney cells and delay the need for dialysis, filed
petition showing assets of $2.8 million and debt totaling $32.7
million.

The case is In re Tengion Inc., 14-12829, U.S. Bankruptcy Court,
District of Delaware (Wilmington).


TMT GROUP: Seeks Court Approval to Purchase Vantage Shares
----------------------------------------------------------
TMT Group has filed a motion seeking court approval to purchase
11,282,771 shares of Vantage Drilling Co.

In its motion, TMT Group asked the U.S. Bankruptcy Court for the
Southern District of Texas for approval to purchase the shares
using the proceeds from the sale of its various vessels.

TMT Group currently has approximately $14.885 million in proceeds
from the sale.  It says it will use the sale proceeds to buy the
shares through Raymond James & Associates, Inc. in the open market
or in a private deal.

TMT Group will retain all shares purchased with the broker, or in
escrow if purchased in a private transaction pending further
approval from the bankruptcy court, according to the filing.

The motion is on Judge Marvin Isgur's calendar for Jan. 20.

                    F3 Capital Owner Objects

The motion drew flak from Hsin Chi Su, owner of F3 Capital who
reportedly obtained about 100 million shares of Vantage common
stock.

In court papers, Mr. Su opposed the use of proceeds from the sale
of Fortune Elephant, saying it was sold subject to his patent
claims and his right to seek recovery from the sale proceeds.

Mr. Su also said his company has a right to an administrative
claim, adding that "any purchase of shares should provide F3
Capital adequate protection."

In 2012, Vantage filed a petition against Mr. Su to recover the
shares he obtained and caused to be held by F3 Capital.  The
petition was filed in the 295th District Court of Harris County,
Texas.

                           About TMT Group

Known in the industry as TMT Group, TMT USA Shipmanagement LLC and
its affiliates own 17 vessels.  Vessels range in size from 27,000
dead weight tons (dwt) to 320,000 dwt.

TMT USA and 22 affiliates, including C. Ladybug Corporation,
sought Chapter 11 protection (Bankr. S.D. Tex. Lead Case No.
13-33740) in Houston, Texas, on June 20, 2013 after lenders seized
seven vessels.

TMT filed a lawsuit in U.S. bankruptcy court aimed at forcing
creditors to release the vessels so they can return to generating
income.

TMT has tapped attorneys from Bracewell & Giuliani LLP as
bankruptcy counsel and AlixPartners as financial advisors.

On a consolidated basis, the Debtors have $1.52 billion in assets
and $1.46 billion in liabilities.


TRANS ENERGY: Amends Third Quarter 2014 Form 10-Q Report
--------------------------------------------------------
Trans Energy, Inc., filed an amendment to its quarterly report on
Form 10-Q for the period ended Sept. 30, 2014, filed on Nov. 19,
2014, to correct a calculation error in reporting Total long-term
liabilities and Total liabilities on the Condensed Consolidated
Balance Sheets at Sept. 30, 2014.

Significant changes include, among other things:

   * Total long-term liabilities have been revised, due to a
     typographical error, from $108,227,177 to $3,909,662.

   * Total liabilities have been revised, due to a typographical
     error, from $3,909,662 to $130,219,718.

As amended, the Company's balance sheet at Sept. 30, 2014, showed
$103.6 million in assets,
$130.2 million in total liabilities and a $26.6 million total
stockholders' deficit.

A full-text copy of the Form 10-Q/A is available for free at:

                        http://is.gd/h96kZO

                         About Trans Energy

St. Mary's, West Virginia-based Trans Energy, Inc. (OTC BB: TENG)
-- http://www.transenergyinc.com/-- is an independent energy
company engaged in the acquisition, exploration, development,
exploitation and production of oil and natural gas.  Its
operations are presently focused in the State of West Virginia.

Trans Energy reported a net loss of $17.7 million in 2013
following a net loss of $21.2 million in 2012.


UBL INTERACTIVE: Li & Company Expresses Going Concern Doubt
-----------------------------------------------------------
Li & Company, P.C., expressed substantial doubt on the ability of
UBL Interactive, Inc., to continue as a going concern after
auditing its annual report on 10-K for the year ended Sept. 30,
2014.  The auditor noted that the Company had an accumulated
deficit at Sept. 30, 2014, and a net loss for the fiscal year then
ended.

The Company reported a net loss of $1.33 million on $4.93 million
of total revenue for the year ended Sept. 30, 2014, compared with a
net loss of $1.96 million on $3.43 of total revenue for year ended
Sept. 30, 2013.

The Company's balance sheet at Sept. 30, 2014, showed
$4.46 million in assets, $9.13 million in liabilities, and a
stockholders' deficit of $4.67 million.

A copy of the Form 10-K is available at:

                        http://is.gd/p6vELK

UBL Interactive, Inc., provides a set of online identity
management tools and services to businesses seeking to optimize
their presence in location based search results on Web, mobile and
social platforms.  The Company's profile management services allow
businesses to take control of profile pages in trafficked, search
engines and social media sites, providing enhanced content about
their products and services. As part of these services, the
Company also provides an expanding range of analytical and
monitoring tools.  The Company offers services in the United States
of America, Canada, The United Kingdom and Australia.  The Company
provides its listing services to businesses directly from its site,
and through interactive marketing agencies and channel sales
partnerships.


UNITED GILSONITE: DACA & TRC Acquire $53,000 in Claims
------------------------------------------------------
In the Chapter 11 case of United Gilsonite Laboratories, a total of
five claims switched hands from Oct. 14, 2014, to Oct. 22, 2014:

     Transferee           Transferor           Claim Amount
     ----------           ----------           ------------
DACA VI LLC            Monson Companies            $664.20

DACA VI LLC            One Point Inc               $414.35

DACA VI LLC            One Point Inc               $949.24

DACA VI LLC            Williams Industrial Supply  $559.68

TRC Master Fund LLC    Dickie, McCamey &        $50,847.74
                       Chilcote, P.C.

                     About United Gilsonite

Scranton, Pennsylvania-based United Gilsonite Laboratories is a
small family-owned corporation engaged in the manufacturing of
wood and masonry finishing products and paint sundries.  United
Gilsonite filed for Chapter 11 bankruptcy protection (Bankr. M.D.
Pa. Case No. 11-02032) on March 23, 2011, to address asbestos-
related claims.  UGL is best known for Drylok, a leak-prevention
and waterproofing compound, and Zar wood finish.

Judge Robert N. Opel, II, oversees the case.  Mark B. Conlan,
Esq., at Gibbons P.C., serves as the Debtor's bankruptcy counsel.
Joseph M. Alu & Associates P.C. serves as accountants.  K&L Gates
LLP serves as special insurance counsel.  Garden City Group is the
claims and notice agent.  The Company disclosed $21,084,962 in
assets and $3,008,688 in liabilities as of the Chapter 11 filing.

Roberta A. DeAngelis, United States Trustee for Region 2,
appointed five creditors to serve on an Official Committee of
Unsecured Creditors.  Montgomery, McCracken, Walker & Rhoads, LLP,
represents the Committee.  The Committee retained Legal Analysis
Systems, Inc., as its consultant on the valuation of asbestos
liabilities.

James L. Patton, Jr., has been appointed as legal representative
for future holders of personal injury or wrongful death claims
based on alleged exposure to asbestos and asbestos-containing
products.  He retained Young Conaway Stargatt & Taylor LLP as his
attorneys.

Charter Oak Financial Consultants LLC serves as financial advisor
to the Unsecured Creditors Committee and the Future Claimants
Representative.


WALDORF NEVENS: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Waldorf Nevens Cleaners, Inc.
        7079 Amundson Avenue
        Edina, MN 55439

Case No.: 15-40067

Chapter 11 Petition Date: January 9, 2015

Court: United States Bankruptcy Court
       District of Minnesota (Minneapolis)

Judge: Hon. Michael E Ridgway

Debtor's Counsel: Steven B. Nosek, Esq.
                  STEVEN B. NOSEK, P.A.
                  2855 Anthony Ln S, Ste 201
                  St Anthony, MN 55418
                  Tel: 612-335-9171
                  Email: snosek@noseklawfirm.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by John Zahhos, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mnb15-40067.pdf



WBH ENERGY: Court Issues Joint Administration Order
---------------------------------------------------
Judge H. Christopher Mott of the U.S. Bankruptcy Court for the
Western District of Texas, Austin Division, issued an order
directing that the Chapter 11 cases of WBH Energy, LP, WBH Energy
Partners LLC, and WBH Energy GP, LLC, are to be jointly
administered under Case No. 15-10003.

                         About WBH Energy

WBH Energy Partners LLC (Bankr. W.D. Tex. Case No. 15-10004) and
its affiliates -- WBH Energy, LP (Bankr. W.D. Tex. Case No.
15-10003) and WBH Energy GP, LLC (Bankr. W.D. Tex. Case No.
15-10005) separately filed for Chapter 11 bankruptcy protection on
Jan. 4, 2015.  The petitions were signed by Joseph S. Warnock, vice
president.

Judge Christopher Mott presides over WBH Energy, LP's case, while
Judge Tony M. Davis presides over WBH Energy Partners' and WBH
Energy GP's cases.

William A. (Trey) Wood, III, Esq., at Bracewell & Giuliani LLP,
serves as the Debtors' bankruptcy counsel.

WBH Energy, LP, and WBH Energy Partners estimated their assets and
liabilities at between $10 million and $50 million each.  WBH
Energy GP estimated its assets at up to $50,000, and its
liabilities at between $10 million and $50 million.


WBH ENERGY: Files List of Largest Unsecured Creditors
-----------------------------------------------------
WBH Energy, LP and its debtor affiliates filed with the U.S.
Bankruptcy Court for the Western District of Texas, Austin
Division, their consolidated list of creditors holding largest
unsecured claims:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
   Pumpco Energy Services, Inc.    Trade                $1,616,448
   PO Box 202295
   Dallas, TX 75320

   Gladiator Energy Services, LLC  Trade                $1,456,405
   PO Box 162546
   Austin, TX 78716

   Nabors Drilling USA, LP         Trade                $1,271,868
   PO Box 973527
   Dallas, TX 75397

   Inwell Inc.                     Trade                  $649,836
   504 Spring Hill Dr.
   Ste. 300
   Spring, TX 77386

   Cressman Tubular                Trade                  $506,748
     Products Corp.
   3939 Beltline Rd.
   Ste. 460
   Addison, TX 75001

   Halliburton Energy              Trade                  $429,685
      Services, Inc.
   PO Box 301341
   Dallas, TX 75303

   Orr Construction, Inc.          Trade                  $413,030
   PO Box 268984
   Oklahoma City, OK 73126

   Morrison Supply Company         Trade                  $325,447
   PO Box 70
   Fort Worth, TX 76101

   Challenger Process              Trade                  $314,038
      Systems Co.
   PO Box 731411
   Dallas, TX 75373

   Basic Energy Services, LP       Trade                  $309,035
   PO Box 841903
   Dallas, TX 75284

   Nabors Completion &             Trade                  $308,638
      Production Services
   PO Box 975682
   Dallas, TX 75397

   PLPS Inc. PO Box 700            Trade                  $277,550
   Pearland, TX 77588

   J&P Transport LLC               Trade                  $273,139
   PO Box 459
   Muenster, TX 76252

   Multi-Chem Group LLC            Trade                  $260,943
   PO Box 974320
   Dallas, TX 75397

   Blowout Tools Inc.              Trade                  $199,887
   PO Box 62600
   Dept. 1260
   New Orleans, LA 70162

   West Fork Enterprises, Inc.     Trade                  $181,252
   259 CR 1510
   Bridgeport, TX 76426

   Energy Service
      Company of Bowie             Trade                  $175,256
   PO Box 1300
   Bowie, TX 76230

   Key Energy Services, Inc.       Trade                  $168,863
   PO Box 4649,
   Houston, TX 77210

   DK Rig Movers                   Trade                  $155,012
   8755 Hwy 87 E.
   San Antonio, TX 78263

   SWECO                           Trade                  $154,740
   PO Box 123411
   Dept. 3411
   Dallas, TX 75312

   Champion Technologies, Inc.     Trade                  $140,116
   PO Box 2243
   Houston, TX 77252

   Weatherford US, LP              Trade                  $138,340
   PO Box 301003
   Dallas, TX 75303

   Energy Oilfield Services, LLC   Trade                  $138,039
   15425 North
   Freeway, Suite 140
   Houston, TX 77090

   Gainsville Fuel, Inc.           Trade                  $125,296
   PO Box 3445
   San Angelo, TX 76902

   Industrial Outfitters Inc.      Trade                  $118,296
   PO Box 6838
   Abilene, TX 79608

   Kyle Erwin Construction LLC     Trade                  $115,201
   PO Box 643
   Boyd, TX 76023

   Danlin Industries               Trade                  $105,445
      Corporation
   PO Box 123420
   Dallas, TX 75312

   Quinn Pumps                     Trade                  $105,026
   PO Box 677347
   Dallas, TX 75267

   Flowco Production Solutions     Trade                  $103,760
   2731 Spring Stuebner Rd.
   Ste. N.
   Spring, TX 77389

   Crest Process Systems, Inc.     Trade                  $100,224
   2600 Robertson Rd.
   Tyler, TX 75701

                         About WBH Energy

WBH Energy Partners LLC (Bankr. W.D. Tex. Case No. 15-10004) and
its affiliates -- WBH Energy, LP (Bankr. W.D. Tex. Case No.
15-10003) and WBH Energy GP, LLC (Bankr. W.D. Tex. Case No.
15-10005) separately filed for Chapter 11 bankruptcy protection on
Jan. 4, 2015.  The petitions were signed by Joseph S. Warnock,
vice
president.

Judge Christopher Mott presides over WBH Energy, LP's case, while
Judge Tony M. Davis presides over WBH Energy Partners' and WBH
Energy GP's cases.

William A. (Trey) Wood, III, Esq., at Bracewell & Giuliani LLP,
serves as the Debtors' bankruptcy counsel.

WBH Energy, LP, and WBH Energy Partners estimated their assets and
liabilities at between $10 million and $50 million each.  WBH
Energy GP estimated its assets at up to $50,000, and its
liabilities at between $10 million and $50 million.


WBH ENERGY: Has Interim Authority to Use Cash Collateral
--------------------------------------------------------
Judge H. Christopher Mott of the U.S. Bankruptcy Court for the
Western District of Texas, Austin Division, gave WBH Energy, LP, et
al., interim authority to use cash collateral of CL III Funding
Holding Company, LLC, ("Castlelake") and U.S. Energy Development
Corporation in order to continue their ordinary course business
operations and to maintain the value of their bankruptcy estates.

The Debtors are permitted to use the Cash Collateral commencing on
the Petition Date and expiring on January 16, 2015.  The Debtors
are borrowers under a senior secured amended and restated loan
agreement dated Dec. 19, 2013, with Green Bank, N.A., as lender.
Approximately $5,512,000 in principal amount is outstanding under
the Senior Facility.  WBH LP is a borrower under a junior secured
credit agreement dated Dec. 19, 2013, with Castlelake as lender.
Approximately $24,000,000 in principal amount is outstanding under
the Junior Facility.  On Dec. 10, 2014, Castlelake notified the
Debtors of Green Bank's assignment of its interest in the senior
facility to Castlelake.  Under a joint operating agreement dated
Sept. 1, 2011, the Debtors granted to USED certain liens on their
leasehold interests, working interests, operating rights, and
overriding royalty interests to secure their performance under the
JOA.

An interim hearing on continued use of Cash Collateral will be held
on Jan. 16, at 11:00 a.m. (CST).  Provided, however, that if the
Debtors file a Stipulation Extending Cash Collateral Order prior to
Jan. 16, the Interim Hearing may be cancelled.  The final hearing
on the Motion will be held on Jan. 23, at 10:00 a.m.  Objections to
the requested relief must be filed no later than Jan. 16.

Under the Interim Order, Castlelake, and to the extent that the
Court later determines that it has a valid lien, USED, is entitled
to adequate protection of its interests in the Cash Collateral on
account of the totality of the diminution in value of the Cash
Collateral.  Castlelake and USED are granted the following adequate
protection:

   * Adequate Protection Liens. To the extent of the aggregate
Diminution of Value, if any, of respective interests in the Cash
Collateral, and subject to the Carve-Out, Castlelake and USED will
have valid and perfected additional and replacement security
interests in, and liens upon all of the Debtors’ now owned and
after-acquired property, excluding avoidance or other actions
arising under chapter 5 of the Bankruptcy Code; and

   * Adequate Protection Superpriority Claims. To the extent of the
aggregate Diminution of Value, if any, of their respective
interests in the Cash Collateral, and subject to the Carve-Out,
Castlelake and USED are granted, in addition to claims under
Section 503(b) of the Bankruptcy Code, an allowed superpriority
administrative expense claim pursuant to Section 507(b) of the
Bankruptcy Code in the relevant Debtor’s Chapter 11 case.

Castlelake asserts that the expenses of each Debtor should be
considered separately in determining which expenditures are
necessary to avoid immediate and irreparable harm to each Debtor's
estate.  Castlelake adds that the adequate protection required of
Castlelake's interest in cash collateral must be considered
separately as neither Debtor has shown that it can provide adequate
protection for the use of Castlelake's cash collateral.  Castlelake
holds valid, perfected liens and security interests which secure
indebtedness in excess of $30 million on all cash currently held by
WBH LP or WBH Energy Partners, LLC, as well as all postpetition
receipts by WBH LP and all postpetition receipts by Energy
Partners.

A full-text copy of the Interim Cash Collateral Order with Budget
is available at http://bankrupt.com/misc/WBHcashcol0108.pdf

CL III is represented by:

         Phil Snow, Esq.
         Kenneth Green, Esq.
         SNOW SPENCE GREEN LLP
         2929 Allen Parkway, Suite 2800
         Houston, TX 77019
         Tel: (713) 335-4800
         Fax: (713) 335-4848
         Email: philsnow@snowspencelaw.com
                kgreen@snowspencelaw.com

                         About WBH Energy

WBH Energy Partners LLC (Bankr. W.D. Tex. Case No. 15-10004) and
its affiliates -- WBH Energy, LP (Bankr. W.D. Tex. Case No.
15-10003) and WBH Energy GP, LLC (Bankr. W.D. Tex. Case No.
15-10005) separately filed for Chapter 11 bankruptcy protection on
Jan. 4, 2015.  The petitions were signed by Joseph S. Warnock,
vice
president.

Judge Christopher Mott presides over WBH Energy, LP's case, while
Judge Tony M. Davis presides over WBH Energy Partners' and WBH
Energy GP's cases.

William A. (Trey) Wood, III, Esq., at Bracewell & Giuliani LLP,
serves as the Debtors' bankruptcy counsel.

WBH Energy, LP, and WBH Energy Partners estimated their assets and
liabilities at between $10 million and $50 million each.  WBH
Energy GP estimated its assets at up to $50,000, and its
liabilities at between $10 million and $50 million.


WBH ENERGY: Section 341(a) Meeting Scheduled for Feb. 10
--------------------------------------------------------
A meeting of creditors in the bankruptcy case of WBH Energy, LP,
will be held on Feb. 10, 2015, at 1:30 p.m. at Austin Room 118.
Creditors have until May 11, 2015, to submit their proofs of
claim.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

WBH Energy, LP, WBH Energy Partners LLC and WBH Energy GP, LLC,
filed Chapter 11 bankruptcy petitions (Bank. W.D. Tex. Lead Case
No. 15-10003) on Jan. 4, 2015.  The Debtors estimated assets and
liabilities of $10 million to $50 million.  The petitions were
signed by Joseph S. Warnock as vice president.


WESTMORELAND COAL: S&P Retains 'B' CCR After $50MM Loan Add-On
--------------------------------------------------------------
Standard & Poor's Ratings Services said that its ratings and
outlook on Westmoreland Coal Co. are unaffected by the company's
$34 million acquisition of Ohio-based coal supplier Buckingham Coal
Co. LLC and proposed $50 million add-on to its $350 million
first-lien term loan due 2020.

Westmoreland's corporate credit rating remains 'B' with a stable
outlook.  The issue-level ratings associated with the company's
senior secured debt, including the first-lien term loan and $350
million in senior secured notes due 2022, also remain 'B' with a
recovery rating of '3', indicating S&P's expectation of meaningful
(50% to 70%) recovery in the event of default.

"We assess Westmoreland's business risk profile as "weak" and
financial risk profile as "highly leveraged."  The stable outlook
is supported by Westmoreland's committed sales position over the
next year, which should result in stable cash flows.  The long
dated cost plus contracts provide protection against price
volatility, while the mine mouth strategy offers transportation and
delivery advantages.  We anticipate liquidity will remain adequate
over the next year given our expectation of manageable capital
spending and positive free cash flow starting in 2015," S&P said.

Ratings List

Ratings Unchanged

Westmoreland Coal Co.
Corporate Credit Rating                   B/Stable/--
$400 mil. 1st-lien term loan due 2020*   B
  Recovery Rating                         3
$350 mil. ser secd notes due 2022        B
  Recovery Rating                         3

*Includes $50 million add-on.



[^] Large Companies With Insolvent Balance Sheet
------------------------------------------------
                                                Total
                                               Share-      Total
                                     Total   Holders'    Working
                                    Assets     Equity    Capital
  Company          Ticker             ($MM)      ($MM)      ($MM)
  -------          ------           ------   --------    -------
ABSOLUTE SOFTWRE   ALSWF US          138.4      (12.0)       2.2
ABSOLUTE SOFTWRE   ABT CN            138.4      (12.0)       2.2
ABSOLUTE SOFTWRE   OU1 GR            138.4      (12.0)       2.2
ACCRETIVE HEALTH   6HL GR            510.0      (85.6)     (17.7)
ACCRETIVE HEALTH   ACHI US           510.0      (85.6)     (17.7)
ADVANCED EMISSIO   OXQ1 GR           106.4      (46.1)     (15.3)
ADVANCED EMISSIO   ADES US           106.4      (46.1)     (15.3)
ADVENT SOFTWARE    AXQ GR            432.9      (76.3)    (106.9)
ADVENT SOFTWARE    ADVS US           432.9      (76.3)    (106.9)
AIR CANADA         AC CN          10,545.0   (1,400.0)     164.0
AIR CANADA         ADH2 TH        10,545.0   (1,400.0)     164.0
AIR CANADA         ACEUR EU       10,545.0   (1,400.0)     164.0
AIR CANADA         ACDVF US       10,545.0   (1,400.0)     164.0
AIR CANADA         ADH2 GR        10,545.0   (1,400.0)     164.0
ALLIANCE HEALTHC   AIQ US            473.5     (127.3)      62.8
AMC NETWORKS-A     9AC GR          3,663.3     (388.0)     659.4
AMC NETWORKS-A     AMCX* MM        3,663.3     (388.0)     659.4
AMC NETWORKS-A     AMCX US         3,663.3     (388.0)     659.4
AMER RESTAUR-LP    ICTPU US           33.5       (4.0)      (6.2)
AMYLIN PHARMACEU   AMLN US         1,998.7      (42.4)     263.0
ANGIE'S LIST INC   8AL TH            161.0      (39.4)     (22.7)
ANGIE'S LIST INC   ANGI US           161.0      (39.4)     (22.7)
ANGIE'S LIST INC   8AL GR            161.0      (39.4)     (22.7)
ARRAY BIOPHARMA    AR2 GR            135.3      (37.6)      66.2
ARRAY BIOPHARMA    ARRY US           135.3      (37.6)      66.2
ARRAY BIOPHARMA    AR2 TH            135.3      (37.6)      66.2
AUTOZONE INC       AZ5 QT          7,717.1   (1,662.8)  (1,383.4)
AUTOZONE INC       AZ5 TH          7,717.1   (1,662.8)  (1,383.4)
AUTOZONE INC       AZ5 GR          7,717.1   (1,662.8)  (1,383.4)
AUTOZONE INC       AZOEUR EU       7,717.1   (1,662.8)  (1,383.4)
AUTOZONE INC       AZO US          7,717.1   (1,662.8)  (1,383.4)
AVALANCHE BIOTEC   AVU GR            167.2      155.7      161.9
AVALANCHE BIOTEC   AAVL US           167.2      155.7      161.9
AVID TECHNOLOGY    AVID US           197.2     (341.2)    (173.2)
BENEFITFOCUS INC   BNFT US           131.7      (31.2)      34.2
BENEFITFOCUS INC   BTF GR            131.7      (31.2)      34.2
BERRY PLASTICS G   BP0 GR          5,268.0     (101.0)     665.0
BERRY PLASTICS G   BERY US         5,268.0     (101.0)     665.0
BRP INC/CA-SUB V   B15A GR         2,115.5       (9.5)     184.7
BRP INC/CA-SUB V   BRPIF US        2,115.5       (9.5)     184.7
BRP INC/CA-SUB V   DOO CN          2,115.5       (9.5)     184.7
BURLINGTON STORE   BUI GR          2,796.9     (167.9)      77.6
BURLINGTON STORE   BURL US         2,796.9     (167.9)      77.6
CABLEVISION SY-A   CVC US          6,563.7   (5,068.0)     158.9
CABLEVISION SY-A   CVY GR          6,563.7   (5,068.0)     158.9
CABLEVISION-W/I    CVC-W US        6,563.7   (5,068.0)     158.9
CABLEVISION-W/I    8441293Q US     6,563.7   (5,068.0)     158.9
CADIZ INC          2ZC GR             56.0      (49.7)       3.0
CADIZ INC          CDZI US            56.0      (49.7)       3.0
CAESARS ENTERTAI   C08 GR         24,491.5   (3,714.4)   1,363.3
CAESARS ENTERTAI   CZR US         24,491.5   (3,714.4)   1,363.3
CAPMARK FINANCIA   CPMK US        20,085.1     (933.1)       -
CASELLA WASTE      CWST US           661.8       (6.7)      (0.5)
CENTENNIAL COMM    CYCL US         1,480.9     (925.9)     (52.1)
CHOICE HOTELS      CHH US            664.2     (397.0)     206.0
CHOICE HOTELS      CZH GR            664.2     (397.0)     206.0
CIENA CORP         CIE1 GR         2,072.6      (69.6)     912.1
CIENA CORP         CIE1 TH         2,072.6      (69.6)     912.1
CIENA CORP         CIEN TE         2,072.6      (69.6)     912.1
CIENA CORP         CIE1 QT         2,072.6      (69.6)     912.1
CIENA CORP         CIEN US         2,072.6      (69.6)     912.1
CINCINNATI BELL    CBB US          1,952.6     (584.4)      50.1
CIVITAS SOLUTION   CIVI US         1,031.5      (62.0)      66.1
CIVITAS SOLUTION   1CI GR          1,031.5      (62.0)      66.1
CLEAR CHANNEL-A    C7C GR          6,383.9     (132.6)     376.9
CLEAR CHANNEL-A    CCO US          6,383.9     (132.6)     376.9
CLIFFS NATURAL R   CLF US          4,811.2     (177.3)     242.3
CLIFFS NATURAL R   CVA TH          4,811.2     (177.3)     242.3
CLIFFS NATURAL R   CLF* MM         4,811.2     (177.3)     242.3
CLIFFS NATURAL R   CVA GR          4,811.2     (177.3)     242.3
COMVERSE INC       CM1 GR            649.6       (2.8)       4.3
COMVERSE INC       CNSI US           649.6       (2.8)       4.3
CONNECTURE INC     CNXR US            85.8      (67.7)     (55.8)
CONNECTURE INC     2U7 GR             85.8      (67.7)     (55.8)
CORCEPT THERA      CORT US            37.2       (1.3)      19.9
CORINDUS VASCULA   CVRS US             0.0       (0.0)      (0.0)
CVSL INC           CVSL US            66.0       (4.7)       2.8
DIPLOMAT PHARMAC   DPLO US           322.7        6.6      (39.9)
DIPLOMAT PHARMAC   7DP TH            322.7        6.6      (39.9)
DIPLOMAT PHARMAC   7DP GR            322.7        6.6      (39.9)
DIRECTV            DTV US         22,594.0   (5,557.0)      43.0
DIRECTV            DIG1 GR        22,594.0   (5,557.0)      43.0
DIRECTV            DTV CI         22,594.0   (5,557.0)      43.0
DIRECTV            DTVEUR EU      22,594.0   (5,557.0)      43.0
DOMINO'S PIZZA     EZV GR            510.9   (1,281.7)     112.9
DOMINO'S PIZZA     DPZ US            510.9   (1,281.7)     112.9
DOMINO'S PIZZA     EZV TH            510.9   (1,281.7)     112.9
DUN & BRADSTREET   DB5 TH          1,789.2   (1,083.4)      (0.3)
DUN & BRADSTREET   DB5 GR          1,789.2   (1,083.4)      (0.3)
DUN & BRADSTREET   DNB US          1,789.2   (1,083.4)      (0.3)
DURATA THERAPEUT   DTA GR             82.1      (16.1)      11.7
DURATA THERAPEUT   DRTX US            82.1      (16.1)      11.7
DURATA THERAPEUT   DRTXEUR EU         82.1      (16.1)      11.7
EDGEN GROUP INC    EDG US            883.8       (0.8)     409.2
EMPIRE RESORTS I   NYNY US            42.4      (14.3)      (9.9)
EMPIRE RESORTS I   LHC1 GR            42.4      (14.3)      (9.9)
EOS PETRO INC      EOPT US             1.3      (28.4)     (29.5)
EXTENDICARE INC    EXETF US        1,885.0       (7.2)      77.0
EXTENDICARE INC    EXE CN          1,885.0       (7.2)      77.0
FAIRPOINT COMMUN   FONN GR         1,488.5     (395.7)       9.4
FAIRPOINT COMMUN   FRP US          1,488.5     (395.7)       9.4
FAIRWAY GROUP HO   FWM US            371.8       (8.6)      19.9
FERRELLGAS-LP      FEG GR          1,680.4     (138.8)     (37.1)
FERRELLGAS-LP      FGP US          1,680.4     (138.8)     (37.1)
FMSA HOLDINGS IN   FMSAEUR EU      1,447.5      (21.7)     271.3
FMSA HOLDINGS IN   FM1 GR          1,447.5      (21.7)     271.3
FMSA HOLDINGS IN   FMSA US         1,447.5      (21.7)     271.3
FREESCALE SEMICO   FSL US          3,306.0   (3,593.0)   1,333.0
FREESCALE SEMICO   1FS GR          3,306.0   (3,593.0)   1,333.0
FREESCALE SEMICO   1FS TH          3,306.0   (3,593.0)   1,333.0
FRESHPET INC       FRPTEUR EU         74.5      (34.2)       1.2
FRESHPET INC       7FP GR             74.5      (34.2)       1.2
FRESHPET INC       FRPT US            74.5      (34.2)       1.2
GAMING AND LEISU   2GL GR          2,595.4      (77.9)     (44.2)
GAMING AND LEISU   GLPI US         2,595.4      (77.9)     (44.2)
GARDA WRLD -CL A   GW CN           1,469.2      (59.0)     205.0
GENCORP INC        GCY GR          1,749.7      (48.5)      70.2
GENCORP INC        GY US           1,749.7      (48.5)      70.2
GENTIVA HEALTH     GTIV US         1,225.2     (285.2)     130.0
GENTIVA HEALTH     GHT GR          1,225.2     (285.2)     130.0
GLG PARTNERS INC   GLG US            400.0     (285.6)     156.9
GLG PARTNERS-UTS   GLG/U US          400.0     (285.6)     156.9
GOLD RESERVE INC   GRZ CN             28.0      (10.5)       4.9
GRAHAM PACKAGING   GRM US          2,947.5     (520.8)     298.5
GYMBOREE CORP/TH   GYMB US         1,284.0     (321.3)      39.5
HCA HOLDINGS INC   2BH TH         29,825.0   (6,018.0)   2,895.0
HCA HOLDINGS INC   2BH GR         29,825.0   (6,018.0)   2,895.0
HCA HOLDINGS INC   HCA US         29,825.0   (6,018.0)   2,895.0
HD SUPPLY HOLDIN   5HD GR          6,523.0     (657.0)   1,396.0
HD SUPPLY HOLDIN   HDS US          6,523.0     (657.0)   1,396.0
HERBALIFE LTD      HLFEUR EU       2,364.5     (420.6)     508.8
HERBALIFE LTD      HOO GR          2,364.5     (420.6)     508.8
HERBALIFE LTD      HLF US          2,364.5     (420.6)     508.8
HOVNANIAN ENT-A    HOV US          2,289.9     (117.8)   1,403.7
HOVNANIAN ENT-A    HO3 GR          2,289.9     (117.8)   1,403.7
HOVNANIAN ENT-B    HOVVB US        2,289.9     (117.8)   1,403.7
HOVNANIAN-A-WI     HOV-W US        2,289.9     (117.8)   1,403.7
HUBSPOT INC        HUBS US            58.9      (13.7)     (17.9)
HUBSPOT INC        096 GR             58.9      (13.7)     (17.9)
HUGHES TELEMATIC   HUTCU US          110.2     (101.6)    (113.8)
IHEARTMEDIA INC    IHRT US        14,306.0   (9,506.2)   1,003.2
INCYTE CORP        ICY TH            785.3      (89.6)     538.0
INCYTE CORP        INCY US           785.3      (89.6)     538.0
INCYTE CORP        ICY GR            785.3      (89.6)     538.0
INFOR US INC       LWSN US         6,778.1     (460.0)    (305.9)
INTERCORE INC      ICOR US             2.8       (4.0)      (6.3)
IPCS INC           IPCS US           559.2      (33.0)      72.1
ISTA PHARMACEUTI   ISTA US           124.7      (64.8)       2.2
JUST ENERGY GROU   1JE GR          1,570.4     (311.6)     159.7
JUST ENERGY GROU   JE US           1,570.4     (311.6)     159.7
JUST ENERGY GROU   JE CN           1,570.4     (311.6)     159.7
L BRANDS INC       LTD TH          7,149.0     (433.0)   1,050.0
L BRANDS INC       LTD GR          7,149.0     (433.0)   1,050.0
L BRANDS INC       LBEUR EU        7,149.0     (433.0)   1,050.0
L BRANDS INC       LB US           7,149.0     (433.0)   1,050.0
LEAP WIRELESS      LWI TH          4,662.9     (125.1)     346.9
LEAP WIRELESS      LWI GR          4,662.9     (125.1)     346.9
LEAP WIRELESS      LEAP US         4,662.9     (125.1)     346.9
LEE ENTERPRISES    LEE US            811.3     (177.5)     (22.6)
LORILLARD INC      LO US           3,275.0   (2,155.0)     918.0
LORILLARD INC      LLV TH          3,275.0   (2,155.0)     918.0
LORILLARD INC      LLV GR          3,275.0   (2,155.0)     918.0
MANNKIND CORP      NNF1 TH           386.8      (40.7)    (100.3)
MANNKIND CORP      MNKD US           386.8      (40.7)    (100.3)
MANNKIND CORP      NNF1 GR           386.8      (40.7)    (100.3)
MARRIOTT INTL-A    MAQ TH          6,847.0   (1,842.0)  (1,186.0)
MARRIOTT INTL-A    MAQ GR          6,847.0   (1,842.0)  (1,186.0)
MARRIOTT INTL-A    MAR US          6,847.0   (1,842.0)  (1,186.0)
MDC COMM-W/I       MDZ/W CN        1,707.3      (86.7)    (256.5)
MDC PARTNERS-A     MDZ/A CN        1,707.3      (86.7)    (256.5)
MDC PARTNERS-A     MD7A GR         1,707.3      (86.7)    (256.5)
MDC PARTNERS-A     MDCA US         1,707.3      (86.7)    (256.5)
MDC PARTNERS-EXC   MDZ/N CN        1,707.3      (86.7)    (256.5)
MERITOR INC        AID1 GR         2,502.0     (585.0)     254.0
MERITOR INC        MTOR US         2,502.0     (585.0)     254.0
MERRIMACK PHARMA   MP6 GR            188.6      (99.9)      40.9
MERRIMACK PHARMA   MACK US           188.6      (99.9)      40.9
MICHAELS COS INC   MIK US          2,030.0   (2,269.0)     409.0
MICHAELS COS INC   MIM GR          2,030.0   (2,269.0)     409.0
MONEYGRAM INTERN   MGI US          4,600.2     (157.2)      87.1
MORGANS HOTEL GR   MHGC US           632.3     (221.3)      89.3
MORGANS HOTEL GR   M1U GR            632.3     (221.3)      89.3
MOXIAN CHINA INC   MOXC US             4.9       (1.2)      (4.0)
MPG OFFICE TRUST   1052394D US     1,280.0     (437.3)       -
NATIONAL CINEMED   NCMI US           993.6     (200.2)      51.8
NATIONAL CINEMED   XWM GR            993.6     (200.2)      51.8
NAVISTAR INTL      IHR TH          7,443.0   (4,618.0)     782.0
NAVISTAR INTL      IHR GR          7,443.0   (4,618.0)     782.0
NAVISTAR INTL      NAV US          7,443.0   (4,618.0)     782.0
NEFF CORP-CL A     NEFF US           612.1     (343.7)      (1.5)
NEW ENG RLTY-LP    NEN US            178.9      (25.9)       -
NORTHWEST BIO      NBYA GR            29.4      (31.2)     (41.7)
NORTHWEST BIO      NWBO US            29.4      (31.2)     (41.7)
OMEROS CORP        OMER US            25.3      (26.6)       9.0
OMEROS CORP        3O8 GR             25.3      (26.6)       9.0
OMTHERA PHARMACE   OMTH US            18.3       (8.5)     (12.0)
PALM INC           PALM US         1,007.2       (6.2)     141.7
PBF LOGISTICS LP   11P GR            360.0      (47.3)      15.6
PBF LOGISTICS LP   PBFX US           360.0      (47.3)      15.6
PHILIP MORRIS IN   PM1 TE         35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN   4I1 GR         35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN   PM FP          35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN   PM US          35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN   PM1EUR EU      35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN   PM1CHF EU      35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN   PMI SW         35,401.0   (8,677.0)    (356.0)
PHILIP MORRIS IN   4I1 TH         35,401.0   (8,677.0)    (356.0)
PLAYBOY ENTERP-A   PLA/A US          165.8      (54.4)     (16.9)
PLAYBOY ENTERP-B   PLA US            165.8      (54.4)     (16.9)
PLY GEM HOLDINGS   PGEM US         1,304.9      (73.5)     238.9
PLY GEM HOLDINGS   PG6 GR          1,304.9      (73.5)     238.9
PROTALEX INC       PRTX US             0.8       (9.1)       0.4
PROTECTION ONE     PONE US           562.9      (61.8)      (7.6)
PROTEON THERAPEU   PRTO US            24.2        9.6       19.3
QUALITY DISTRIBU   QLTY US           439.6      (30.4)     105.2
QUALITY DISTRIBU   QDZ GR            439.6      (30.4)     105.2
QUINTILES TRANSN   Q US            3,106.7     (536.2)     511.8
QUINTILES TRANSN   QTS GR          3,106.7     (536.2)     511.8
RAYONIER ADV       RYAM US         1,246.3      (13.4)     167.3
RAYONIER ADV       RYQ GR          1,246.3      (13.4)     167.3
REGAL ENTERTAI-A   RETA GR         2,553.5     (755.1)       6.5
REGAL ENTERTAI-A   RGC* MM         2,553.5     (755.1)       6.5
REGAL ENTERTAI-A   RGC US          2,553.5     (755.1)       6.5
RENAISSANCE LEA    RLRN US            57.0      (28.2)     (31.4)
RENTPATH INC       PRM US            208.0      (91.7)       3.6
RETROPHIN INC      RTRX US           145.9      (10.2)      (3.7)
RETROPHIN INC      17R GR            145.9      (10.2)      (3.7)
REVLON INC-A       REV US          1,912.6     (570.6)     300.9
REVLON INC-A       RVL1 GR         1,912.6     (570.6)     300.9
RITE AID CORP      RTA TH          7,186.0   (1,792.7)   1,895.3
RITE AID CORP      RTA GR          7,186.0   (1,792.7)   1,895.3
RITE AID CORP      RAD US          7,186.0   (1,792.7)   1,895.3
ROCKWELL MEDICAL   RWM GR             23.9       (5.5)       2.6
ROCKWELL MEDICAL   RMTI US            23.9       (5.5)       2.6
ROCKWELL MEDICAL   RWM TH             23.9       (5.5)       2.6
ROUNDY'S INC       RNDY US         1,089.7      (66.8)      71.8
ROUNDY'S INC       4R1 GR          1,089.7      (66.8)      71.8
RURAL/METRO CORP   RURL US           303.7      (92.1)      72.4
RYERSON HOLDING    RYI US          2,006.2      (38.2)     749.5
RYERSON HOLDING    7RY GR          2,006.2      (38.2)     749.5
SALLY BEAUTY HOL   SBH US          2,030.0     (347.1)     640.6
SALLY BEAUTY HOL   S7V GR          2,030.0     (347.1)     640.6
SBA COMM CORP-A    SBAC US         7,809.0     (297.6)    (671.8)
SBA COMM CORP-A    SBJ TH          7,809.0     (297.6)    (671.8)
SBA COMM CORP-A    SBJ GR          7,809.0     (297.6)    (671.8)
SECOND SIGHT MED   EYES US             9.6      (19.5)       4.4
SECOND SIGHT MED   24P GR              9.6      (19.5)       4.4
SEQUENOM INC       SQNM US           134.6      (51.9)      36.5
SEQUENOM INC       QNMA TH           134.6      (51.9)      36.5
SEQUENOM INC       QNMA GR           134.6      (51.9)      36.5
SILVER SPRING NE   9SI GR            552.9     (139.0)      82.8
SILVER SPRING NE   9SI TH            552.9     (139.0)      82.8
SILVER SPRING NE   SSNI US           552.9     (139.0)      82.8
SIRIUS XM CANADA   XSR CN            329.4      (87.2)    (161.7)
SIRIUS XM CANADA   SIICF US          329.4      (87.2)    (161.7)
SPORTSMAN'S WARE   06S GR            315.7      (35.0)      83.3
SPORTSMAN'S WARE   SPWH US           315.7      (35.0)      83.3
SUPERVALU INC      SJ1 TH          5,078.0     (647.0)     277.0
SUPERVALU INC      SJ1 GR          5,078.0     (647.0)     277.0
SUPERVALU INC      SVU US          5,078.0     (647.0)     277.0
SUPERVALU INC      SVU* MM         5,078.0     (647.0)     277.0
THERAVANCE         HVE GR            553.7     (193.1)     237.4
THERAVANCE         THRX US           553.7     (193.1)     237.4
THRESHOLD PHARMA   THLD US            76.7      (21.0)      49.1
TOWN SPORTS INTE   CLUB US           482.6      (53.8)      69.7
TRANSDIGM GROUP    T7D GR          6,756.8   (1,556.1)   1,103.7
TRANSDIGM GROUP    TDG US          6,756.8   (1,556.1)   1,103.7
TRINET GROUP INC   TNET US         1,393.3      (48.9)      17.3
TRINET GROUP INC   TN3 GR          1,393.3      (48.9)      17.3
TRINET GROUP INC   TNETEUR EU      1,393.3      (48.9)      17.3
UNILIFE CORP       4UL GR             80.7       (2.7)       0.4
UNILIFE CORP       4UL TH             80.7       (2.7)       0.4
UNILIFE CORP       UNIS US            80.7       (2.7)       0.4
UNISYS CORP        UIS US          2,279.4     (521.2)     343.9
UNISYS CORP        UIS1 SW         2,279.4     (521.2)     343.9
UNISYS CORP        UISCHF EU       2,279.4     (521.2)     343.9
UNISYS CORP        UISEUR EU       2,279.4     (521.2)     343.9
UNISYS CORP        USY1 GR         2,279.4     (521.2)     343.9
UNISYS CORP        USY1 TH         2,279.4     (521.2)     343.9
VECTOR GROUP LTD   VGR US          1,643.4       (7.9)     561.5
VECTOR GROUP LTD   VGR GR          1,643.4       (7.9)     561.5
VENOCO INC         VQ US             756.5     (100.0)    (762.9)
VERISIGN INC       VRSN US         2,207.4     (748.8)    (326.3)
VERISIGN INC       VRS GR          2,207.4     (748.8)    (326.3)
VERISIGN INC       VRS TH          2,207.4     (748.8)    (326.3)
VERIZON TELEMATI   HUTC US           110.2     (101.6)    (113.8)
VERSO CORP         VRS US          1,019.7     (584.3)       9.4
VIRGIN AMERICA I   VA US             876.0     (313.0)      19.0
VIRGIN AMERICA I   2VA1 TH           876.0     (313.0)      19.0
VIRGIN AMERICA I   2VA1 GR           876.0     (313.0)      19.0
VIRGIN MOBILE-A    VM US             307.4     (244.2)    (138.3)
WEIGHT WATCHERS    WW6 GR          1,558.3   (1,357.7)      60.6
WEIGHT WATCHERS    WTWEUR EU       1,558.3   (1,357.7)      60.6
WEIGHT WATCHERS    WTW US          1,558.3   (1,357.7)      60.6
WEIGHT WATCHERS    WW6 TH          1,558.3   (1,357.7)      60.6
WEST CORP          WSTC US         3,929.2     (684.9)     284.7
WEST CORP          WT2 GR          3,929.2     (684.9)     284.7
WESTMORELAND COA   WLB US          1,578.5     (264.3)     101.2
WESTMORELAND COA   WME GR          1,578.5     (264.3)     101.2
WORKIVA INC        WK US              82.6      (23.4)     (23.4)
WORKIVA INC        0WKA GR            82.6      (23.4)     (23.4)
XERIUM TECHNOLOG   XRM US            611.2      (51.2)     102.1
XERIUM TECHNOLOG   TXRN GR           611.2      (51.2)     102.1
XOMA CORP          XOMA US            70.9      (18.1)      28.5
XOMA CORP          XOMA GR            70.9      (18.1)      28.5
YRC WORLDWIDE IN   YEL1 TH         2,046.6     (361.2)     195.9
YRC WORLDWIDE IN   YRCW US         2,046.6     (361.2)     195.9
YRC WORLDWIDE IN   YEL1 GR         2,046.6     (361.2)     195.9


                            *********

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.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

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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, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2015.  All rights reserved.  ISSN: 1520-9474.

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

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

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