TCR_Public/150219.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, February 19, 2015, Vol. 19, No. 50

                            Headlines

30DC INC: Reports $219K Net Loss for Dec. 31 Quarter
AC I INV MANAHAWKIN: April 30 Hearing on Bid to Extend Exclusivity
ACG CREDIT: DuffyAmadeo Authorized to Withdraw as Counsel
ACG CREDIT: March 11 Hearing on UST's Bid for Case Conversion
AEREO INC: Creditors' Panel Hires Stinson Leonard as Counsel

ALLEN SYSTEMS: Case Summary & 20 Largest Unsecured Creditors
ALSIP ACQUISITION: Okayed to Sell Assets to Paper Mill for $8M
BASS PRO: S&P Affirms 'BB-' CCR, Off CreditWatch Negative
BERNARD L. MADOFF: Bankr. Court to Hear Suit v. French Investors
BUILDING NO. 19: Authorized to Sell Shares of Stock

C.D. & O. L.L.C.: Voluntary Chapter 11 Case Summary
CACHE INC: Columbus Capital No Longer Owns Shares as of Dec. 31
CAESARS ENTERTAINMENT: Loses 5th Cir. Appeal Over SSR License
CE GENERATION: S&P Lowers Rating on $285MM Sr. Bonds to 'B'
CELLCEUTIX CORP: Incurs $2.75-Mil. Net Loss for Q4

CEREPLAST INC: Ironridge Global's Equity Stake Falls Below 5%
CHAIR COVERS: Case Summary & 20 Largest Unsecured Creditors
CHECKER MOTORS: Mich. App. Keeps Ruling Over Employee Severance
CLINE MINING: Plan of Compromise Recognized by U.S. Court
COLLAVINO CONSTRUCTION: Unit's Case Summary & Unsecured Creditors

CONTRAVIR PHARMACEUTICALS: Has $3.1M Loss in Dec. 31 Quarter
CREEKSIDE ASSOCIATES: Court Okays Charles Silver as Counsel
CREEKSIDE ASSOCIATES: Taps Fioravanti Inc as Witness & Advisor
DIOCESE OF FAIRBANKS: Dewey Green Appeal Over Property Rift Tossed
DIOCESE OF FAIRBANKS: Louie Green Appeal Over Property Rift Tossed

DOW CORNING: $400MM Reserve for Breast Implant Case at Dec. 31
DOW CORNING: At Least $99MM Liability to Commercial Creditors
DVORKIN HOLDINGS: Judge Pamela S. Hollis Now Handles Ch. 11 Case
EPWORTH VILLA: Wants Until April 15 to File Chapter 11 Plan
FALCON STEEL: Equity Holders Balk at Plan Disclosures

FAMILY CHRISTIAN: Creditors Questioning Richard Jackson's Motives
FEDERAL RESOURCES: MAF Approved to Handle District Court Case
GARLOCK SEALING: Calls ACC Plan Objections as Wild Speculations
GARLOCK SEALING: Fee Examiner Taps Diana Adams as Consultant
GARLOCK SEALING: Fee Examiner Taps National RCS as Consultant

GASFRAC ENERGY: Canadian Proceedings Recognized in U.S.
GENERAL MOTORS: Should Waive Bankruptcy Shield, Hilliard Says
GEORGE WEST 59: Dallas Judge Voids Foreclosure Sale
GOLDEN LAND: Chapter 11 Trustee Hires Besen & Associates as Broker
GREEN PLANET SERVICES: Case Summary & 6 Top Unsecured Creditors

GROUPE BIKINI: Intends to File Bankruptcy Proposal in Canada
GT ADVANCED: Parties Agree to June 3 Exclusivity Extension
HDGM ADVISORY: Hearing on Plan Outline Continued Indefinitely
HDGM ADVISORY: Plan Solicitation Exclusivity Extended to May 16
INTELLECT NEUROSCIENCES: Incurs $543K Net Loss in Q4

INVERSIONES ALSACIA: Order Issued Clarifying Plan Provisions
J.M. BARGES: Case Summary & Largest Unsecured Creditor
KIOR INC: ESTEC Technology Says Case Conversion is Appropriate
LAW LAND AND LEASING: Case Summary & 2 Top Unsecured Creditors
LOVE CULTURE: Stipulation Resolving Macerich DIP Objection Okayed

MARSHALL MEDICAL: Fitch Affirms 'BB+' Rating on $29.2MM Bonds
MEDICAL EDUCATIONAL: Puerto Rico Judge Keeps Injunction Order
MEGA RV CORP: Plan Exclusivity Hearing Moved to March 9
MILLER AUTO: Feb. 24 Hearing on Cash Collateral Use Stipulation
MONROE HOSPITAL: Files Memorandum in Support of Liquidating Plan

NATIVE WHOLESALE: Defaulted Under Plan, States Claim
NEW LOUISIANA: Committee Can Tap CBIZ as Financial Advisor
NEW LOUISIANA: Lakeland Wants CBA with United Food Approved
OCULUS INNOVATIVE: Posts $5.91M Net Loss for Fourth Quarter
OSHKOSH CORP: Moody's Assigns 'Ba3' Rating on New Sr. Unsec. Notes

OSHKOSH CORP: S&P Rates Proposed $250MM Sr. Unsecured Notes 'BB+'
PANDA SHERMAN: S&P Affirms 'B' Rating & Changes Outlook to Stable
PITTSBURGH CORNING: Plan Appeal Ruling May Take Many Months
PLASCO ENERGY: Ontario Court Names Ernst & Young as Monitor
PRIME TIME: Wants Court to Extend Plan Filing Deadline to Aug. 15

PWK TIMBELAND: Plan Outline Hearing Continued Until March 19
QUALITY LEASE: Authorized to Access $300K Revolving Note
QUEST FOUR: Case Summary & Largest Unsecured Creditor
REED AND BARTON: Case Summary & 20 Largest Unsecured Creditors
REVEL AC: ACR, BNY Appeal Final DIP Financing Order

REVEL AC: Committee's Counsel Now Known as Cole Schotz P.C.
REVEL AC: Court Sets Solicitation Deadline to April 30
REVEL AC: Plan Exclusivity Extended Until April 30
REX VENTURE: Court Certifies Defendant Class in Clawback Suit
SALTON SEA: S&P Lowers Rating on $285MM Bonds Due 2018 to 'B'

SAMSON RESOURCES: S&P Lowers CCR to 'CCC+'; Outlook Negative
SCIO DIAMOND: Minimal Revenue Raises Going Concern Doubt
SELIX FORMALWEAR: Goes Into Chapter 7, Closes Stores
SHOTWELL LANDFILL: Wants to Deposit $100K for Landfill Expansion
SILICON GENESIS: Case Summary & 20 Largest Unsecured Creditors

SILICON GENESIS: Deadline for Filing Claims on June 9
SILVERADO STREET: Sect. 341(a) Meeting Continued to March 3
STATE FISH: DeLuca Opposes Bid to Assume Avant Deal
SUPERIOR AIR: Suit Against Kubler Remanded to Texas State Court
TARGET CANADA: Court Names A&M and Koskie Minsky as Representative

TLO LLC: TRADS Seek to Hold Best One in Contempt of Sale Order
UNILIFE CORP: Reports $19.4-Mil. Net Loss in Fourth Quarter
UNIVERSAL HEALTH: Trustee Sues E&Y to Recover Transfers
USG CORP: Fitch Rates Proposed $350MM Sr. Unsecured Notes 'BB/RR2'
USG CORP: Moody's Rates New $350MM Unsecured Notes Due 2025 'B1'

USG CORP: S&P Assigns 'BB' Rating on $350MM Sr. Notes Due 2025
VARIANT HOLDING: Seeks 120-Day Extension of Removal Deadline
VERDUGO LLC: Section 341(a) Meeting Set for March 17
WARRIOR ENTERPRISES: Case Summary & 3 Top Unsecured Creditors
WET SEAL: Paradigm Capital Holds 4.52% Stake as of Dec. 31

WET SEAL: Selects FTI Consulting as Financial Advisors
WORLDS INC: Amends Second Quarter 2013 Report
XTREME POWER: CEO Says 2nd Amended Plan Proposed in Good Faith
XTREME POWER: Files Ballot Summary for 2nd Am. Liquidating Plan
[*] Michigan Lawyers Weekly Names Steven Howell 2015 Leader in Law

[*] Victory Capital Expands Capabilities in Asset Liquidation Space
[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

30DC INC: Reports $219K Net Loss for Dec. 31 Quarter
----------------------------------------------------
30DC, Inc., filed with the U.S. Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $219,000
on $177,000 of total revenue for the three months ended Dec. 31,
2014, compared with a net loss of $406,000 on $207,700 of total
revenue for the same period during the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $2.63 million
in total assets, $2.08 million in total liabilities, and
stockholders' equity of $547,000.

"No commitments to provide additional funds have been made and
there can be no assurance that any additional funds will be
available to cover expenses as they may be incurred.  If the
Company is unable to raise additional capital or encounters
unforeseen circumstances, it may be required to take additional
measures to conserve liquidity, which could include, but not
necessarily be limited to, issuance of additional shares of the
Company's stock to settle operating liabilities which would dilute
existing shareholders, curtailing its operations, suspending the
pursuit of its business plan and controlling overhead
expenses.  The Company cannot provide any assurance that new
financing will be available to it on commercially acceptable
terms, if at all.  These conditions raise 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/JuftZw

                         About 30DC Inc.

New York-based 30DC, Inc., provides Internet marketing services
and related training to help Internet companies in operating their
businesses.  It operates in two divisions, 30 Day Challenge and
Immediate Edge.

The Company reported a net income of $31,680 on $700,067 of total
revenue for the three months ended Sept. 30, 2014, compared to net

income of $736,838 on $1.94 million of total revenue for the same
period in the prior year.

As of Sept. 30, 2014, the Company had $2.78 million in total
assets, $2.03 million in total liabilities and $757,000 in total
stockholders' equity.


AC I INV MANAHAWKIN: April 30 Hearing on Bid to Extend Exclusivity
------------------------------------------------------------------
The Hon. Robert D. Drain of the U.S. Bankruptcy Court for the
Southern District of New York will hold a hearing on April 30,
2015, at 10:00 a.m., at White Plains Division, 300 Quarropas Street
in White Plains, New York, to consider the request of AC I Inv
Manahawkin LLC and its debtor-affiliates whether to extend their
exclusive periods to file a plan or reorganization and solicit
acceptances from creditors for that plan.

                          About AC I Inv

AC I Inv Manahawkin LLC, AC I Manahawkin Mezz LLC and AC I
Manahawkin LLC filed separate Chapter 11 bankruptcy petitions
(Bankr. S.D.N.Y. Case Nos. 14-22791, 14-22792 and 14-22793) on June
4, 2014.  The petitions were signed by David Goldwasser, of GC
Realty Advisors LLC, managing member.  The Debtors estimated assets
of $50 million to $100 million and debts of $0 to $50 million.
Robinson Brog Leinwand Greene Genovese & Gluck, P.C., serves as the
Debtors' counsel.  Judge Robert D. Drain presides over the cases.

Affiliates of AC I Inv., et al., have pending bankruptcy cases
before Judge Drain.  NY Affordable Housing Albany Assocs. LLC
sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 13-20007) on
July 26, 2013.  First Bronx LLC sought bankruptcy protection
(Bankr. S.D.N.Y. Case NO. 14-22047) on Jan. 13, 2014.  Ollie Allen
Holding Company LLC sought bankruptcy (Case NO. 14-22204) on Feb.
18, 2014.

U.S. Trustee was unable to form an official unsecured creditors'
committee.


ACG CREDIT: DuffyAmadeo Authorized to Withdraw as Counsel
---------------------------------------------------------
The U.S. Bankruptcy Court authorized DuffyAmadeo LLP to withdraw as
counsel for ACG Credit Company II, LLC.  DuffyAmedeo cited as
reason for its withdrawal the company's failure to pay its fees
despite repeated requests from the law firm.  DuffyAmedeo claims it
is owed $73,750 in fees.

                  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: March 11 Hearing on UST's Bid for Case Conversion
-------------------------------------------------------------
The U.S. Bankruptcy Court will convene a hearing on March 11, 2015,
at 10:00 a.m., to consider the U.S. Trustee's motion to convert the
Chapter 11 case of ACG Credit Company II, LLC, to one under Chapter
7 of the Bankruptcy Code.

Andrew R. Vara, Acting U.S Trustee for Region 3, said in his motion
that, among other things:

   1. Ian Peck, the Debtor's principal, testified at the 11 U.S.C.
Sec. 341 meeting that the Debtor ceased making loans in 2008;

   2. The Debtor owns no property, other than the accounts
receivable in connection with the $950,000 in outstanding loans,
the value of the counterclaims that the Debtor has asserted in the
Connecticut Action involving SageCrest, and certain other
collateral; and

   3. According to the Debtor's monthly operating reports that the
Debtor has no incomes, and has had no income since the Petition
Date.  As a result, the Debtor is unable to pay its chapter 11
administrative expenses as they come due.

The U.S. Trustee is represented by:

         Tiiara N. A. Patton, Esq.
         U.S. Department of Justice
         Office of the U.S. Trustee
         J. Caleb Boggs Federal Building
         844 King Street, Suite 2207, Lockbox 35
         Wilmington, DE 19801
         Tel: (302) 573-6491
         Fax: (302) 573-6497

                    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.



AEREO INC: Creditors' Panel Hires Stinson Leonard as Counsel
------------------------------------------------------------
The Official Committee of Unsecured Creditors of Aereo, Inc. seeks
authorization from the U.S. Bankruptcy Court for the Southern
District of New York to retain Stinson Leonard Street LLP as
Committee counsel, nunc pro tunc to Dec. 15, 2014.

The Committee requires Stinson Leonard to:

   (a) assist and advice to the Committee in its examination and
       analysis of the conduct of the Debtor's affairs;

   (b) assist and advice to the Committee in the review, analysis
       and negotiation of the proposed sale of assets and
       assistance to the Committee in the review, analysis and
       negotiation of related documents and filings;

   (c) assist and advice to the Committee in the review, analysis
       and negotiation of financing agreements;

   (d) Take all necessary actions to protect and preserve the
       Committee's interests, including possible prosecution of
       actions on its behalf; and if appropriate, review and
       analysis of claims filed against the Debtor's estate;

   (e) prepare on behalf of the Committee of all necessary
       motions, applications, answers, orders, reports, pleadings
       and papers in support of positions taken by the Committee;

   (f) appear, as appropriate, before the Court, the Appellate
       Courts and the U.S. Trustee to protect the interests of the

       Committee before such courts and before the U.S. Trustee;
       And

   (g) perform all other necessary legal services on behalf of the

       Committee in this case, as instructed by the Committee.

Stinson Leonard will be paid at these hourly rates:

       Robert Kugler                  $620
       David Axtell                   $540
       Joel Leviton                   $535
       Katherine Sutcliffe Becker     $535
       Edwin Caldie                   $450
       Phillip Ashfield               $415
       Aong Moua, Paralegal           $285
       Partners                       $415-$905
       Of Counsel                     $320-$740
       Senior Counsel                 $380
       Associates                     $305-$495
       Staff Attorneys                $60-$385
       Paralegals                     $160-$440
       Consultants/Tech Svcs.         $225-$250

Stinson Leonard will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Robert T. Kugler, partner of Stinson Leonard, 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.

Stinson Leonard can be reached at:

       Robert T. Kugler, Esq.
       STINSON LEONARD STREET LLP
       150 South Fifth Street, Suite 2300
       Minneapolis, MN 55402
       Tel: (612) 335-1500
       Fax: (612) 335-1657

                        About Aereo, Inc.

With headquarters in Boston, Massachusetts, Aereo, Inc., is a
technology company that provided subscribers with the ability to
watch live or "time-shifted" local over-the-air broadcast
television on Internet-connected devices, such as personal
computers, tablet devices, and "smartphones."   Aero provided to
each subscriber access, via the Internet, to individual remote or
micro-antennas and a cloud-based DVR, which were maintained by the
Debtor in facilities within the local market.

Aereo, Inc., sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
14-13200) in Manhattan, New York, on Nov. 20, 2014.  The Chapter 11
filing came five months after the U.S. Supreme Court ruled the
Debtor, with respect to live or contemporaneous transmissions, was
essentially performing as a traditional cable system under the
Copyright Act, and thus was violating broadcasters' copyrights
because it wasn't paying broadcasters any fees.

The Debtor has tapped William R. Baldiga, Esq., at Brown Rudnick
LLP, in New York, as counsel.  The Debtors has also engaged Argus
Management Corp. to provide the services of Lawton W. Bloom as CRO
and Peter Sullivan and Scott Dicus as assistant restructuring
officers.  Prime Clerk LLC is the claims and notice agent.

The Debtor disclosed $22.2 million in assets and $2.78 million in
liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 2 appointed three creditors to serve on
the official committee of unsecured creditors.


ALLEN SYSTEMS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

        Debtor                                     Case No.
        ------                                     --------
        Allen Systems Group, Inc.                  15-10332
           aka ASG Software Solutions
           aka ASG
        708 Goodlette Road North
        Naples, FL 34102

        ASG Federal, Inc.                          15-10333

        Viasoft International, LLC                 15-10334

Type of Business: The Debtors provide mission-critical enterprise
                  information technology management software
                  solutions to large enterprises and small and
                  medium-sized businesses in a variety of
                  industries around the world.

Chapter 11 Petition Date: February 18, 2015

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

Judge: Hon. Kevin J. Carey

Debtors' Counsel: Laura Davis Jones, Esq.
                  Peter J. Keane, Esq.
                  Michael Seidl, Esq.
                  PACHULSKI STANG ZIEHL & JONES LLP
                  919 N. Market Street, 17th Floor
                  Wilmington, DE 19801
                  Tel: 302 652-4100
                  Fax: 302-652-4400
                  Emails: ljones@pszjlaw.com
                          pkeane@pszjlaw.com

                    - and -

                  Michael Seidl, Esq.
                  PACHULSKI STANG ZIEHL & JONES LLP
                  919 N. Market Street, 16th Floor
                  Wilmington, DE 19899
                  Tel: 302-652-4100
                  Fax: 302-652-4400
                  Email: mseidl@pszyj.com

Debtors'          LATHAM & WATKINS LLP
Special
Counsel:

Debtors'          ROTHSCHILD INC.
Financial
Advisor:

Debtor's          HURON CONSULTING SERVICES LLC
CRO Services
Provider:

Debtors'          EPIQ BANKRUPTCY SOLUTIONS, LLC
Claims, Noticing
Agent and
Administrative
Advisor:

Estimated Assets: $100 million to $500 million

Estimated Liabilities: $500 million to $1 billion

The petition was signed by John C. DiDonato, chief restructuring
officer.

Consolidated List of Debtors' 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
The Bank of New York Mellon        Undersecured      $166,745,359
Trust Company, N.A.                $300 million
Attention: Geraldine Creswell      2016 notes
Corporate Trust Administration
10161 Centurion Parkway
Jacksonville, FL 32256
Tel: 904-998-4720
Fax: 904-645-1921

IBM Credit LLC                     Trade                $407,850
Attention: Alexandria Spinelli
(x4842)
4111 Northside Pkwy
Atlanta, GA 30327-3096
Tel: 800-819-8206
Fax: 845-264-6270

PRO ET CON GMBH                     Royalties           $152,006

Ultranova Consulting Services       Royalties           $150,000

Lincoln & Co. Inc.                  Royalties           $144,332

Softserve, Inc.                     Trade               $131,825

Level 3 Communications              Telecom             $117,174

Frank Lichner Consulting            Trade               $106,786

NTT Europe SP, S.L.U.               Trade               $103,629

Upland Software Inc.                Trade               $102,005

Data Strategies Int'l, Inc.         Trade                $92,003

Accusoft Corporation                Trade                $90,000

Reischmann Informatik               Royalties            $85,700

Kofax Image Products, Inc.          Royalties            $82,057

Borta Ltd                           Royalties            $68,769

Pure Mobile Limited                 Trade                $68,747

Moody's Investors Services          Trade                $68,000

Apriorit PE                         Trade                $53,600

CDP Communications Inc.             Royalties            $50,241

Pericak & Associates                Trade                $47,014


ALSIP ACQUISITION: Okayed to Sell Assets to Paper Mill for $8M
--------------------------------------------------------------
The U.S. Bankruptcy Court, on Jan. 8, 2015, entered an order
authorizing Alsip Acquisition, LLC, et al., to sell certain assets
to Paper Mill Acquisition, LLC, pursuant to an asset purchase
agreement dated Jan. 7, 2015.

On Dec. 11, 2014, the Court approved the auction and bidding
procedures for the sale of real property, equipment, spare parts
and other assets of the Debtors on an "as is" transaction.

In an auction held Jan. 7, 2015, the Debtor determined that the
purchaser is the prevailing bidder.  Paper Mill agreed to purchase
the assets for $8,220,000 in cash.

Additionally, the Debtor is authorized to pay from the first cash
proceeds, Resolute FP Illinois LLC $250,000 which is composed of
(a) a break-up fee of $170,000; and (b) $80,000 on account of
actual and documented out-of-pocket fees and expenses, including
fees and expenses of legal advisors, financial advisors and
accountants, incurred by Resolute.

As set forth in the final order authorizing debtor-in-possession
financing, the Debtors will pay all proceeds from the sale, net of
bid protections owed to Resolute, if any, directly to Wells Fargo
Bank, N.A., as prepetition lender and DIP lender.

The Court also overruled all objections, including those filed by
Ecosynthetix Ltd., and BTG Eclepens SA, BTG IPI LLC, and BTG
Americas Inc.

ECO in its objection to the sale motion, stated that (i) the
removal requirement is unreasonable as it relates to ECO's
property' and (ii) the agreement is not an executory contract and
cannot be rejected.

On May 31, 2012, ECO and Debtor Alsip Acquisition, LLC, entered
into an agreement pursuant to which ECO agreed to sell to Alsip and
Alsip agreed to purchase from ECO certain product, EcoSphere(R)
Biolatex(R) binder 2240.

Under the terms of the agreement, ECO made shipments of the Product
to Alsip's facilities located at 13101 S. Pulaski Road, Alsip,
Illinois.

ECO fulfilled all of its contractual obligations under the
agreement but Alsip failed to remit payment for invoices related to
24 shipments of the product.

BTG stated that the APA attached to the motion does not purport to
include substantially all assets of the Debtors but rather only
specific assets.  It is not clear whether Schedule 1.1 purports to
include any of the title-retained assets.

Before the Petition Date, BTG supplied certain goods for the
Debtors to use in their manufacturing operations, specifically rods
and rod beds.

ECO is represented by:

         Michael D. DeBaecke, Esq.
         Stanley B. Tarr, Esq.
         BLANK ROME LLP
         1201 N. Market Street, Suite 800
         Wilmington, DE 19801
         Tel: (302) 425-6400
         Fax: (302) 425-6464
         E-mail: debaecke@blankrome.com
                 tarr@blankrome.com

BTG is represented by:

         Adam Hiller, Esq.
         Brian Arban, Esq.
         Johnna M. Darby, Esq.
         HILLER & ARBAN, LLC
         1500 North French Street, 2nd Floor
         Wilmington, DE
         Tel: (302) 442-7676
         E-mail: ahiller@hillerarban.com

                      About Alsip Acquisition

Alsip Acquisition, LLC and APCA, LLC were the leading North
American provider of responsibly made recycled paper for books and
magazines, as well as for commercial printing and packaging
applications.  The operational and manufacturing headquarters are
located in Alsip, Illinois, and consist of a 40-year-old mill and a
leased warehouse in Alsip, Illinois.  The mill and warehouse were
idled in September 2014 following cash losses.  Most of Alsip's
stock is owned by FutureMark Holdings, LLC.

On Nov. 20, 2014, Alsip Acquisition and APCA each filed petitions
seeking relief under chapter 11 of the United States Bankruptcy
Code.  The Debtors' cases have been assigned to Judge Kevin J.
Carey (KJC). The cases have been jointly administered, with
pleadings maintained on the case docket for Case No. 14-12596.

The Debtors have tapped Mintz Levin Cohn Ferris Glovsky and Popeo
PC as counsel and Pachulski Stang Ziehl & Jones as co-counsel. Epiq
Bankruptcy Solutions LLC is the claims and notice agent.

As of Oct. 31, 2014, the Debtors had $7.74 million of funded
indebtedness and related obligations outstanding.

The Debtors disclosed $12,906,018 in assets and $34,362,844 in
liabilities as of the Chapter 11 filing.

The goal of the Debtors is to consummate the sale of the assets to
Resolute FP Illinois LLC pursuant to an asset purchase agreement or
another bidder pursuant to the bid procedures.  In addition, the
Debtors intend to vacate their leased locations in Connecticut and
New Jersey, liquidate their other assets, and distribute any
proceeds pursuant to the claims process established by the
Bankruptcy Code.

The Official Committee of Unsecured Creditors is represented by
Maria Aprile Sawczuk, Esq., and Harold D. Israel, Esq., at
Goldstein & McClintlock LLLP.  The Committee tapped to retain
GlassRatner Advisory & Capital Group LLC as its financial advisor.



BASS PRO: S&P Affirms 'BB-' CCR, Off CreditWatch Negative
---------------------------------------------------------
Standard & Poor's Ratings Services removed its ratings on
Springfield, Mo.-based Bass Pro Group LLC from CreditWatch with
negative implications, where S&P placed them on Dec. 12, 2014.  At
the same time, S&P affirmed the ratings, including the 'BB-'
corporate credit rating.  The outlook is negative.  S&P also
affirmed its 'BB-' issue-level rating on Bass Pro's $1.15 billion
term loan due 2019 and the recovery rating remains '3'.

"The outlook reflects our belief that Bass Pro will have difficulty
complying with its term loan leverage covenant –after the first
quarter, given the additional debt incurred with the acquisition,"
said credit analyst George Skoufis.  The negative outlook reflects
S&P's belief that the company could potentially breach it term loan
leverage covenant after the first quarter, absent an amendment.
S&P could lower the rating if Bass Pro is unable to restore
sufficient covenant cushion and maintain adequate liquidity.

S&P would lower the rating if the company is unable to comply with
its covenants and cannot obtain a longer term amendment, or if they
pursue a more aggressive financial posture.

S&P could revise the outlook to stable if the company can comply
with its covenant and/or obtain an amendment and maintain adequate
cushion (at least 15%) under either scenario long term.  Although
unlikely over the next year, S&P could raise its rating if the
company increases sales in the high-single digits and lowers total
debt to EBITDA toward the low-3x area.  This could occur if gross
margin increases by approximately 300 basis points from current
levels, keeping debt constant.  S&P would also need further clarity
from management that financial policies will support sustained
leverage at these levels.



BERNARD L. MADOFF: Bankr. Court to Hear Suit v. French Investors
----------------------------------------------------------------
Bankruptcy Judge Stuart M. Bernstein agreed to hear the adversary
proceeding commenced by Irving H. Picard -- trustee for the
substantively consolidated liquidation of Bernard L. Madoff
Investment Securities LLC under the Securities Investor Protection
Act, 15 U.S.C. Sections 78aaa, et seq. and the estate of Bernard L.
Madoff -- seeking to avoid and recover fraudulent transfers
aggregating in excess of $150 million.

The Defendants, French residents, moved to dismiss the complaint
for lack of personal jurisdiction pursuant to Rule 12(b)(2) of the
Federal Rules of Civil Procedure and for forum non conveniens.

Judge Bernstein said the SIPA Trustee has made a prima facie
showing of personal jurisdiction. However, the jurisdictional facts
remain in dispute and are intertwined with the merits. Hence, the
Court will try the issue of personal jurisdiction together with the
trial on the merits. The branch of the Defendants' motion to
dismiss based on forum non conveniens is denied.

The Defendants Laurence Apfelbaum and her daughter Emilie Apfelbaum
reside in Paris, France.  Laurence is a 65-year old practicing
psychoanalyst, and Emilie, 30 years old, works in an art gallery
and lives with her mother.

Doris Igoin, Laurence's mother, passed away in 2005, and the Estate
(Succession) of Doris Iogin is the third defendant.

The accounts that are subject of this action originated with
Laurence's father, Albert Igoin, who passed away in 1995.
Following his death, Laurence learned that her father's primary
investment was an account at a French Bank -- Banque Pour
l'Industrie Francaise -- which, in turn, was invested with BLMIS.
BIF later became Finama bank.

According to Exhibit B attached to the Amended Complaint, dated
Apr. 23, 2012, Laurence's and Emilie's accounts were opened on May
1, 1995, and each was funded with a $33,150,157 transfer,
presumably from Albert's account. Between then and December 11,
2008, more than 145 withdrawals totaling $147,261,229 were made
from Laurence's account, including 50 withdrawals totaling
$79,404,202 within six years of the Filing Date and 19 totaling
$16,962,339 within two years of the Filing Date. Exhibit B also
shows that there were over 130 withdrawals totaling $34,668,026
during the life of Emilie's BLMIS account, including 51 withdrawals
totaling $15,456,814 and 16 totaling $8,142,060, respectively,
within six years and two years of the Filing Date. No monies were
withdrawn from Doris' Estate's account within two years of the
Filing Date.

The case is, IRVING H. PICARD, Trustee for the Liquidation of
Bernard L. Madoff Investment Securities LLC, Plaintiff, v. THE
ESTATE (SUCCESSION) OF DORIS IGOIN, LAURENCE APFELBAUM,
individually and in her capacities as executor and beneficiary of
the Estate (Succession) of Doris Igoin, and EMILIE APFELBAUM,
Defendants, Adv. Pro. No. 10-04336 (SMB)(Bankr. S.D.N.Y.).  A copy
of Judge Bernstein's February 13, 2015 Memorandum Decision is
available at http://bit.ly/1L9bbv9from Leagle.com.

Attorneys for Plaintiff, Irving H. Picard, Trustee for the
Liquidation of Bernard L. Madoff Investment Securities LLC:

     David J. Sheehan, Esq.
     Tracy Cole, Esq.
     Ona T. Wang, Esq.
     BAKER & HOSTETLER LLP
     45 Rockefeller Plaza
     New York, NY 10111

Attorneys for Defendants the Estate (Succession) of Doris Igoin,
Laurence Apfelbaum, and Emilie Apfelbaum:

     Jonathan K. Cooperman, Esq.
     Jessica L. Klarfeld, Esq.
     KELLEY DRYE & WARREN LLP
     101 Park Avenue
     New York, NY 10178

                     About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of
New York granted the application of the Securities Investor
Protection Corporation for a decree adjudicating that the
customers of BLMIS are in need of the protection afforded by the
Securities Investor Protection Act of 1970.  The District Court's
Protective Order (i) appointed Irving H. Picard, Esq., as trustee
for the liquidation of BLMIS, (ii) appointed Baker & Hostetler LLP
as his counsel, and (iii) removed the SIPA Liquidation proceeding
to the Bankruptcy Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789)
(Lifland, J.).  Mr. Picard has retained AlixPartners LLP as claims
agent.

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The petitioning creditors -- Blumenthal &
Associates Florida General Partnership, Martin Rappaport
Charitable Remainder Unitrust, Martin Rappaport, Marc Cherno, and
Steven Morganstern -- assert US$64 million in claims against Mr.
Madoff based on the balances contained in the last statements they
got from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).

The Chapter 15 case was later transferred to Manhattan.  In June
2009, Judge Lifland approved the consolidation of the Madoff SIPA
proceedings and the bankruptcy case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to
150 years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.).

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims. The fifth pro
rata interim distribution slated for Jan. 15, 2015, will total
$322 million and will bring the amount distributed to eligible
claimants to approximately $7.2 billion, which includes more than
$822.5 million in advances committed to the SIPA Trustee for
distribution to allowed claimants by the SIPC.

As of Nov. 30, 2014, the SIPA Trustee has recovered or reached
agreements to recover approximately $10.5 billion since his
appointment in December 2008.


BUILDING NO. 19: Authorized to Sell Shares of Stock
---------------------------------------------------
The U.S. Bankruptcy Court authorized Building #19, Inc., to sell
1,706 publicly traded shares of stock in Prudential Financial,
Inc., on the public market free and clear of all liens, claims, and
interests.

The Debtors determined that the orderly sale of their inventory,
which was the Debtors' primary asset, was in the best interest of
their respective estates.  The Debtors continued operating until
they completed the orderly sale of their inventory and, on or
about Dec. 6, 2013, closed their retail operations.  Since ceasing
their retail operations, the Debtors have been winding down their
operations.

The Debtor has no need of the stock and its sale will generate
cash for the Debtor's estate.  The stock is publicly traded, and
its value is therefore known.

As of the date of the motion, the stock has a value of $144,000.

                        About Building #19

Building #19, Inc., and its affiliates sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D. Mass. Case No.
13-16429) on Nov. 1, 2013.  The other debtors are (a) Paperworks
#19,
Inc., Case No. 13-16430; (b) Beth's Basics, Inc., Case No.
13-16433; (c) Furniture #19, Inc., Case No. 13-16431; (d) PB&J
Kids #19, Inc., Case No. 13-16434; and (e) Footwear #19 Plus, Inc.
Case No. 13-16432.

Donald Ethan Jeffery, Esq., and Harold B. Murphy, Esq., at Murphy &
King, Professional Corporation, in Boston, Massachusetts, serve as
the Debtors' bankruptcy counsel. The Tron Group, LLC, serve as
their financial advisers.

The U.S. Trustee for Region 1 appointed five members to the
official committee of unsecured creditors.  Jeffrey D. Sternklar
LLC and Jeffrey D. Sternklar serves as it counsel.  Newburg &
Company LLP is the financial advisors to the Committee.



C.D. & O. L.L.C.: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: C.D. & O., L.L.C.
        548 Selma Hwy
        Prattville, AL 36067

Case No.: 15-30419

Chapter 11 Petition Date: February 17, 2015

Court: United States Bankruptcy Court
       Middle District of Alabama (Montgomery)

Debtor's Counsel: Collier H. Espy, Jr., Esq.
                  ESPY, METCALF & ESPY, P.C.
                  P.O. Drawer 6504
                  326 North Oates Street
                  Dothan, AL 36302-6504
                  Tel: 334-793-6288
                  Email: kc@espymetcalf.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Richard M. Dorsey, managing member.

The Debtor did not include a list of its largest unsecured
creditors when it filed the petition.


CACHE INC: Columbus Capital No Longer Owns Shares as of Dec. 31
---------------------------------------------------------------
Columbus Capital Management, LLC, and Matthew D. Ockner said in a
SCHEDULE 13G/A (Amendment No. 1) filed with the Securities and
Exchange Commission that as of Dec. 31, 2014, they no longer held
shares of Cache, Inc. Common Stock.  Mr. Ockner is the managing
member of CCM.

                        About CACHE Inc.

Cache, Inc., operates 236 women's apparel specialty stores under
the trade name "Cache."  On Dec. 4, 2014, New York-based Cache
announced that it has received an inquiry from a third party
regarding a potential sale of the Company.

Cache, Inc., and its two affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 15-10172) on
Feb. 4, 2015.  The case is assigned to Judge Mary F. Walrath.

The Debtors are represented by Laura Davis Jones, Esq., Peter J.
Keane, Esq., and Colin R. Robinson, Esq., at Pachulski Stang Ziehl
& Jones LLP, in Wilmington, Delaware.  The Debtors' restructuring
advisors is FTI Consulting Inc., while their investment banker and
financial advisor is Janney Montgomery Scott LLC.  Thompson Hine
represents the Debtors in corporate and securities matter, while
Jackson Lewis P.C. represents the Debtors in employment matters.
The Debtors' communications services provider is Epiq Systems,
Inc., while their noticing and claims management services provider
is Kurtzman Carson Consultants.  A&G Realty Partners, LLC, serves
as the Debtors' real estate consultants.

The Debtors had total assets of $53.7 million and total liabilities
of $51.1 million as of Sept. 27, 2014.


CAESARS ENTERTAINMENT: Loses 5th Cir. Appeal Over SSR License
-------------------------------------------------------------
Caesars Entertainment Corporation and three Massachusetts
affiliates were subject to an investigatory report by the
Massachusetts Gaming Commission finding them unsuitable as proposed
operators of a casino for which Sterling Suffolk Racecourse, LLC
(SSR) sought a license.  Caesars brought an action under 28 U.S.C.
Sec. 1983, which includes counts with (a) official capacity claims
charging denial of Fifth and Fourteenth Amendment procedural and
substantive due process and equal protection of the laws by the
Commission's chairman, Stephen Crosby, and Karen Wells, Director of
the Commission's Investigations and Enforcement Bureau (IEB), and
seeking withdrawal of the report and cessation of any further
reliance on it by the Commission; (b) individual capacity claims
against Crosby on the same grounds, seeking compensatory and
punitive damages; and (c) a claim subject to supplemental
jurisdiction for liability under Massachusetts law for tortious
interference with a contract between Caesars and SSR.

The district court dismissed the federal claims under Federal Rule
of Civil Procedure 12(b)(6) as beyond the scope of federal
affordable relief, and consequently exercised its discretion to
dismiss the state law claim as standing alone.  Caesars' appeal
touches on a multiplicity of legal and factual issues including
Eleventh Amendment state immunity, qualified immunity of
individuals, control of IEB by Crosby as chairman of the
Commission, and theories of protected property, among others.

"In our review de novo, however, we affirm the dismissal on two
pivotal grounds: Caesars has alleged no cognizable protected
property interest said to have been infringed in violation of Fifth
and Fourteenth Amendment due process, and class-of-one Fourteenth
Amendment equal protection does not extend to redress action taken
under state law authorizing the exercise of highly discretionary
judgment in response to an application to license activity carrying
substantial risks of commercial and social harm," the U.S. Court of
Appeals for the Fifth Circuit said in a Feb. 13, 2015 decision
available at http://bit.ly/1Mw4IxLfrom Leagle.com.

The appellate case is, CAESARS MASSACHUSETTS MANAGEMENT COMPANY,
LLC, CAESARS MASSACHUSETTS DEVELOPMENT COMPANY, LLC, CAESARS
MASSACHUSETTS INVESTMENT COMPANY, LLC, and CAESARS ENTERTAINMENT
CORPORATION, Plaintiffs, Appellants, v. STEPHEN P. CROSBY and KAREN
WELLS, Defendants, Appellees, No. 14-1681 (5th Cir.).

Joan A. Lukey, with whom C. Thomas Brown, Eugene L. Morgulis, Ropes
& Gray LLP, Justin J. Wolosz, and Choate Hall & Stewart LLP, were
on brief, for Caesars.

John M. Stephan, Assistant Attorney General, with whom Martha
Coakley, Attorney General of Massachusetts, Janna J. Hansen,
Assistant Attorney General, and Julia Kobick, Assistant Attorney
General, were on brief, for Crosby et al.

                   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 January 2015, Caesars Entertainment 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.

Appaloosa Investment Limited, et al., owed $41 million on account
of 10% second lien notes in the company, filed an involuntary
Chapter 11 bankruptcy petition against Caesars Entertainment
Operating Company, Inc. (Bankr. D. Del. Case No. 15-10047) on Jan.
12, 2015.  The bondholders are represented by Robert S. Brady,
Esq., at Young, Conaway, Stargatt & Taylor, LLP.

CEOC and 172 other affiliates -- operators of 38 gaming and resort
properties in 14 U.S. states and 5 countries -- filed Chapter 11
bankruptcy petitions (Bank. N.D. Ill.  Lead Case No. 15-01145) on
Jan. 15, 2015.  CEOC disclosed total assets of $12.3 billion and
total debt of $19.8 billion as of Sept. 30, 2014.

As reported in the Troubled Company Reporter on Feb. 4, 2015, the
bankruptcy proceedings will proceed in the U.S. Bankruptcy Court
for the Northern District of Illinois, according to a ruling by
Delaware Bankruptcy Judge Kevin Gross.

Kirkland & Ellis serves as the Debtors' counsel.  AlixPartners is
the Debtors' restructuring advisors.  Prime Clerk LLC acts as the
Debtors' notice and claims agent.  Judge Benjamin Goldgar presides
over the cases.

The U.S. Trustee has appointed seven noteholders to serve in the
Official Committee of Second Priority Noteholders and nine members
to serve in the Official Unsecured Creditors' Committee.


CE GENERATION: S&P Lowers Rating on $285MM Sr. Bonds to 'B'
-----------------------------------------------------------
Standard & Poor's Ratings Services lowered its rating to 'B' from
'BB-' on Salton Sea Funding Corp.'s (SSFC) $285 million senior
bonds due 2018 ($69.1 million outstanding as of Dec. 31, 2014). The
recovery rating remains unchanged at '1'.  The outlook is negative.
At the same time, S&P lowered its rating to 'CCC' from 'B-' on
holding company CE Generation LLC's (CE Gen) $400 million secured
bonds due 2018 ($122.9 million outstanding as of Dec. 31, 2014).
The recovery rating remains unchanged at '2'.  The outlook is
negative.

"The rating action on the SSFC senior secured debt issue credit
rating reflects our view of SSFC's weaker projected financial
performance resulting from the downward revisions of our U.S.
natural gas price deck and our subsequent reduction of projected
short-run avoided cost power prices paid to the project," said
Standard & Poor's credit analyst Tony Bettinelli.

"The rating action on the CE Gen senior secured rating reflects our
view of larger cash deficits, estimated at about $30 million per
year, resulting from our anticipation of no distributions from
subsidiary SSFC given SSFC's weaker projected financial performance
and inability to meet its distribution test ratio of 1.5x," Mr.
Bettinelli added.

The negative outlook on the SSFC rating reflects S&P's uncertainty
about SSFC's project cash flows resulting from the timing and costs
associated with production improvements at the project.

The negative outlook on the CE Gen rating reflects S&P's
anticipation that CE Gen will have insufficient cash flows through
maturity to service debt as a result of the lockup test at SSFC.



CELLCEUTIX CORP: Incurs $2.75-Mil. Net Loss for Q4
--------------------------------------------------
Cellceutix Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $2.75 million on $nil of revenues for the three months ended
Dec. 31, 2014, compared to a net loss of $1.6 million on $nil of
revenues for the same period during the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $14.9 million
in total assets, $7.74 million in total liabilities and total
stockholders' equity of $7.12 million.

As of Dec. 31, 2014, the Company had approximately $9.5 million of
cash available to support operations or its business plan.  The
Company's operating cash needs, cash consumption, and doubt as to
whether it will ever become profitable, are factors which raise
substantial doubt as to its ability to continue as a going
concern.

A copy of the Form 10-Q is available at:
                              
                       http://is.gd/njgSSS
                          
Cellceutix Corporation is developing small molecule therapies to
treat diseases particularly in the areas of cancer and inflammatory
disease.  The Company's product, Kevetrin(TM) is undergoing
clinical trials at Harvard Cancer Centers' Dana-Farber Cancer
Institute and Beth Israel Deaconess Medical Center.


CEREPLAST INC: Ironridge Global's Equity Stake Falls Below 5%
-------------------------------------------------------------
Ironridge Global IV, Ltd., Ironridge Global Partners, LLC, and
their affiliated entities declared in a SCHEDULE 13G (Amendment No.
1) filing with the Securities and Exchange Commission that as of
December 31, 2014, they ceased to be the beneficial owners of more
than 5% of Cereplast, Inc. Common Stock.

                       About Cereplast Inc.

Seymour, Indiana-based Cereplast, Inc., filed for Chapter 11
bankruptcy protection (Bankr. S.D. Ind. Case No. 14-90200) on
Feb. 10, 2014, estimating $10 million to $50 million in both
assets and debts.

Cereplast has developed and is commercializing proprietary bio-
based resins through two complementary product families: Cereplast
Compostables(R) resins which are compostable, renewable,
ecologically sound substitutes for petroleum-based plastics, and
Cereplast Sustainables(TM) resins (including the Cereplast Hybrid
Resins product line), which replaces up to 90 percent of the
petroleum-based content of traditional plastics with materials
from renewable resources.

In connection with the Bankruptcy Filing, the Company's common
stock began trading under a new trading symbol, "CERPQ" effective
Feb. 19, 2014.

Judge Basil H. Lorch III oversees the case.  Cereplast is
represented by Tamara Marie Leetham, Esq., at Austin Legal Group,
as counsel.

Horizon Technology Finance Corporation, as successor to Compass
Horizon Funding Company LLC and Horizon Credit I, LLC, has asked
the Court to convert the Chapter 11 case to one under Chapter 7 of
the Bankruptcy Code.  Horizon is lender to the Debtor under the
venture loan and security agreement dated Dec. 21, 2010, under
which Horizon extended credit totaling $4.0 million.  Horizon has
been granted a security interest in all assets of the Debtor.

The debt due Horizon is in payment default.  The sale of the
Collateral was scheduled for Feb. 11, 2014, but the Debtor sought
to restrain the sale in proceedings pending in the Superior Court
of the State of California, for the County of Los Angeles, as
Cause No. CGC-08-482329.  The Debtor's request for a restraining
order was denied on Feb. 10, and the Chapter 11 case was commenced
on the same day.

Horizon is represented by Whitney L. Mosby, Esq., at Bingham
Greenebaum Doll LLP.

In June 2014, Trellis Earth Products, Inc ., a maker of bioplastic
food service disposables, agreed to pay $2.6 million for
substantially all of Cereplast Inc.'s assets including production
equipment, patents, inventory, and trademarks, plus pay certain
contract cure costs, as part of Cereplast's Chapter 7 liquidation
proceedings.  United States Bankruptcy Judge Basil H. Lorch III
entered the sale order on June 20 for the assets of Cereplast,
including its former Seymour bioplastics factory.


CHAIR COVERS: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

       Debtor                                     Case No.
       ------                                     --------
       Chair Covers and Linens, Inc.              15-42223
          dba Top That! Event
       25914 John R
       Madison Heights, MI 48071

       Chair Covers Leasing, Inc.                 15-42224
       25914 John R
       Madison Heights, MI 48071

       Chair Covers, Inc.                         15-42225
       25914 John R
       Madison Heights, MI 48071       

Chapter 11 Petition Date: February 17, 2015

Court: United States Bankruptcy Court
       Eastern District of Michigan (Detroit)

Judge: Hon. Mark A. Randon (15-42223 and 15-42225)
       Phillip J Shefferly (15-42224)

Debtors' Counsel: Lynn M. Brimer, Esq.
                  STROBL & SHARP, PC
                  300 East Long Lake Road, Suite 200
                  Bloomfield Hills, MI 48304
                  Tel: (248) 540-2300
                  Fax: (248) 645-2690
                  Email: lbrimer@stroblpc.com

                                         Total      Total
                                        Assets    Liabilities
                                      ----------  -----------
Chair Covers and Linens                $502,918     $2.29MM
Chair Covers Leasing                       $986     $84,496
Chair Covers, Inc.                     $400,829     $1.19MM

The petition was signed by Rachel Torok, president.

A. A list of Chair Covers and Linens's 20 largest unsecured
creditors is available for free at:

           http://bankrupt.com/misc/mieb15-42223.pdf

B. A list of Chair Covers, Inc.'s four largest unsecured creditors
is available for free at:

           http://bankrupt.com/misc/mieb15-42225.pdf

Chair Covers Leasing listed the Internal Revenue Service as its
largest unsecured creditor holding a claim of $84,496.


CHECKER MOTORS: Mich. App. Keeps Ruling Over Employee Severance
---------------------------------------------------------------
Former employees of Checker Motors Corporation appeal by a circuit
court order dated Oct. 11, 2013, that affirmed an April 8, 2013
decision of the Michigan Compensation Appellate Commission (MCAC),
which upheld but modified a June 29, 2010 decision of an
administrative law judge (ALJ) that applied the period designated
by Checker to certain severance payments Checker made pursuant to
an August 28, 2009 agreement with the claimants' union.

The ALJ applied the allocation period Checker designated, MCL
421.48(2), which commenced September 1, 2009 and ran various weeks
depending on each claimant's length of service. The ALJ affirmed
the agency's determination that because of the severance payments,
claimants were not entitled to full unemployment benefits during
the designated periods due to offsets required by MCL 421.27(c),
and also that claimants would be required to repay benefits
improperly paid, MCL 421.62.

In its April 8, 2013 decision, the MCAC modified the ALJ's decision
by ruling that the severance payments could not legally be made
until the August 28, 2009 agreement was approved the bankruptcy
court on Sept. 21, 2009.  Consequently, benefits paid to claimants
before that date were not subject to restitution under MCL 421.62.


The circuit court affirmed.

Finding no error warranting reversal, the Court of Appeals of
Michigan also affirmed, in a February 12, 2015 per curiam decision
available at http://bit.ly/1BkKT9hfrom Leagle.com.  

The case is, JAMES T. ATCHLEY, DUANE BELDEN, RAYMOND BOTTING,
LAWRENCE BRAGG, EDWARD DOOLITTLE JR., ALBERT DORKO, DANIEL DUGGAN,
STEVEN ENGEL, ROBERT FEE, DEBORAH FIELDS, HOWARD L. GARNAAT, CAROLL
GIVANS, NORMAN GRIMMER, JACK HAMMOCK, JOAN HENDERSON, NORMAN E.
HOKE, JACK HOLT, PAUL KALLEWAARD, DUANE A. KNIGHT, ROBERT KRUSYNA,
THOMAS LATTERNER, ANNIE LEMMER, JOHN C. LEVERSEE, MICHAEL
MANSFIELD, PAUL MERRICK, LAWRENCE E. MIDDLESTADT, DANIEL D. MILLER,
ROBERT W. NICHOLSON, II, ELVIS O'HARA, EDGAR V. OLSON, MELVIN
PAYNE, MILTON F. PETER, JERAMY ROBERTSON, JEFFREY RUSSELL, JAMES
SAVAGE, DAVID L. SHULTZ, DERIC SLIGER, MARY STAFFORD, RICHARD
TEMPLE, WILLIAM THURMAN, SHIRLEY TIRONI, CINDY VALORE, KENNETH
VANDERROEST, DOUGLAS WAGGONER, JACK D. WALBURN, LARRY WARNER,
RICHARD WILLARD, JR., DOUGLAS R. WRIGHT, JAMES YONKMAN, AND JUAN A.
ZUNIGA, Claimants-Appellants, v. CHECKER MOTORS CORPORATION and
LICENSING & REGULATORY AFFAIRS DEPARTMENT, UNEMPLOYMENT INSURANCE
AGENCY, Appellees, No. 318816 (Mich. App.).

                       About Checker Motors

Headquartered in Kalamazoo, Michigan, Checker Motors Corporation
was established by Morris Markin in 1922 through a merger of
Commonwealth Motors and Markin Automobile Body.  The Debtor, once
the manufacturer of the famed Checker automobile (the iconic
American taxi cab), is a Kalamazoo, Michigan-based automotive
parts supplier that makes metal stampings and welded assemblies
for various car and truck lines.

The Company filed for Chapter 11 protection on Jan. 16, 2009
(Bankr. W.D. Mich. Case No. 09-00358).  Christopher A. Grosman,
Esq., at Carson Fischer, P.L.C., represents the Debtor in its
restructuring efforts.  The Debtor proposed Plante & Moran as
financial advisor; Kurtzman Carson Consultants LLC as claims,
noticing and balloting agent; and McCarthy Smith Law Group as
special counsel.  An official committee of unsecured creditors has
been appointed in the case.  As of December 31, 2008, the Debtor
had $22.3 million in assets and $20.1 million in debts.


CLINE MINING: Plan of Compromise Recognized by U.S. Court
---------------------------------------------------------
U.S. Bankruptcy Judge Elizabeth E. Brown has granted the request of
FTI Consulting Canada Inc., the court-appointed monitor and
authorized foreign representative of Cline Mining Corporation and
its affiliates, to give full force and effect in the United States

to the Ontario Court's order sanctioning the Cline Debtors' plan
of compromise and arrangement.

Among other things, the Amended Plan provides for an enhanced
recovery of C$210,000 to the WARN Act Plaintiffs, comprising (i) a
payment of C$90,OOO (less certain attorneys fees, expenses and
other costs of Class Action Counsel) upon the implementation of the
Amended Plan and (ii) a payment of C$120,000 (less certain
attorneys fees, expenses and other costs of Class Action Counsel)
to be paid within eight years of such implementation.

On Jan. 21, 2015, the Amended Plan was approved by the Required
Majorities of each Voting Class entitled to vote at the Meetings
in accordance with the Meetings Order.

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

                      http://is.gd/6IFfqX

Cline -- http://www.clinemining.com/-- is a Canadian mining  
company headquartered in Toronto, Ontario with resource development
interests in Canada, the United States and Madagascar.



COLLAVINO CONSTRUCTION: Unit's Case Summary & Unsecured Creditors
-----------------------------------------------------------------
Debtor: Collavino Construction Company Limited
        5255 County Road 42
        Windsor, ON N8N 2M1

Case No.: 15-10344

Chapter 11 Petition Date: February 18, 2015

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Judge: Hon. Shelley C. Chapman

Debtor's Counsel: Elizabeth Aboulafia, Esq.
                  CULLEN AND DYKMAN LLP
                  100 Quentin Roosevelt Boulevard, Suite 402
                  Garden City, NY 11530
                  Tel: 516-296-9124
                  Fax: 516-357-3699
                  Email: eaboulafia@cullenanddykman.com

                     - and -

                  C. Nathan Dee, Esq.
                  CULLEN AND DYKMAN, LLP
                  100 Quentin Roosevelt Blvd
                  Garden City, NY 11530-4850
                  Tel: (516) 357-3700
                  Fax: (516) 393-8282
                  Email: ndee@cullenanddykman.com

Debtor's          PECKAR & ABRAMSON, P.C.
Special
Litigation
Counsel:

Estimated Assets: $50 million to $100 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Renzo Collavino, authorized agent.

List of Debtor's two Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Collavino Constr. Company Inc.       Trade Debt       $6,215,409
30 Montgomery Street
Suite 604
Jersey City, NJ 07302

Peckar & Abramson P.C.               Legal Fees          $68,687

On Oct. 17, 2014, the Debtor's affiliate, Collavino Construction
Company Inc., filed a voluntary petition for relief pursuant to
Chapter 11 of the Bankruptcy Code (Bank. S.D.N.Y. Case No.
14-12908).


CONTRAVIR PHARMACEUTICALS: Has $3.1M Loss in Dec. 31 Quarter
------------------------------------------------------------
ContraVir Pharmaceuticals, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing a
net loss of $3.1 million on $nil of revenues for the three months
ended Dec. 31, 2014, compared to a net loss of $168,000 on $nil of
revenues for the same period in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $8.96 million
in total assets, $361,000 in total liabilities and total
stockholders' equity of $8.6 million.

Due to the Company's recurring and expected continuing losses from
operations, the Company has concluded there is substantial doubt in
the Company's ability to continue as a going concern without
additional capital becoming available to attain further operating
efficiency and, ultimately, to generate revenue.

A copy of the Form 10-Q is available at:
                              
                       http://is.gd/mx5rL9
                          
ContraVir is a biopharmaceutical company focused primarily on the
development of drugs to treat herpes zoster, or shingles, which is
an infection caused by the reactivation of varicella zoster virus
or VZV.

                           *     *     *

The Company's independent registered public accounting firm has
issued a report on our audited June 30, 2014 financial statements
that included an explanatory paragraph referring to its recurring
losses from operations and stockholder's deficit; and expressing
substantial doubt about the Company's ability to continue as a
going concern without additional capital becoming available.


CREEKSIDE ASSOCIATES: Court Okays Charles Silver as Counsel
-----------------------------------------------------------
Creekside Associates, Ltd. sought and obtained permission from the
U.S. Bankruptcy Court for the Eastern District of Pennsylvania to
employ Charles S. Silver as special counsel, nunc pro tunc to Dec.
22, 2014.

The Debtor anticipates that Mr. Silver will continue to represent
it, as needed, in all aspects of eviction proceedings as the same
arise in the ordinary course of the Debtor's business and normal
operations.

Mr. Silver 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.

Mr. Silver can be reached at:

       Charles S. Silver, Esq.
       THE LAW OFFICES OF CHARLES S. SILVER
       2505 Main Street
       Stratford, CT 06615
       Tel: (203) 378-9900
       Fax: (203) 378-9904

                      About Creekside Associates

Creekside Associates, Ltd., owns and operates the Creekside
Apartments, a 1000+ unit apartment complex located at 2500 Knights
Road, Bensalem, Pennsylvania.

Creekside Associates filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Pa. Case No. 14-19952) in Philadelphia on Dec. 19, 2014.  The
case is assigned to Judge Stephen Raslavich.  The Debtor estimated
$50 million to $100 million in assets and debt.

The Debtor has tapped Dilworth Paxson LLP as bankruptcy attorneys
and Kaufman, Coren & Ress, P.C., as special counsel.


CREEKSIDE ASSOCIATES: Taps Fioravanti Inc as Witness & Advisor
--------------------------------------------------------------
Creekside Associates, Ltd. seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to employ
Fioravanti, Inc. as an expert witness and advisor for the Debtor in
connection with certain continuing pre-petition ligation.

The Debtor has been involved in litigation with the Bucks County
Water & Sewer Authority since 2008 (the "Pre-Bankruptcy
Litigation").  Since 2012, the Debtor has been represented by
Kaufman Coren & Ress, P.C. in this litigation.

KCR engaged Fioravanti on behalf of the Debtor, beginning in July
2012, to provide expert engineering advisory and consulting
services, and testimony as part of the Debtor's prosecution of the
Pre-Bankruptcy Litigation in accordance with the engagement
agreement.

In accordance with the Pre-Petition Engagement Agreement, the
Debtor currently owes Fioravanti approximately $450 in connection
with work performed prior to the petition date.  

The U.S. Trustee advised KCR that this pre-petition amount could be
paid out of a retainer being held by KCR, provided that it was
approved by the Court.

The Debtor 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.

Fioravanti Inc can be reached at:

       Fioravanti, Inc.
       618 Street Road
       Southampton, PA 18966
       Tel: +1 (215) 322-2143

                      About Creekside Associates

Creekside Associates, Ltd., owns and operates the Creekside
Apartments, a 1000+ unit apartment complex located at 2500 Knights
Road, Bensalem, Pennsylvania.

Creekside Associates filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Pa. Case No. 14-19952) in Philadelphia on Dec. 19, 2014.  The
case is assigned to Judge Stephen Raslavich.  The Debtor estimated
$50 million to $100 million in assets and debt.

The Debtor has tapped Dilworth Paxson LLP as bankruptcy attorneys
and Kaufman, Coren & Ress, P.C., as special counsel.


DIOCESE OF FAIRBANKS: Dewey Green Appeal Over Property Rift Tossed
------------------------------------------------------------------
Alaska District Judge H. Russel Holland tossed an appeal by Dewey
"Stacey" Green and Mary Reader from the bankruptcy court's order
granting Unaatuq, LLC's Motion to Enforce Judgment and Related
Orders in the Chapter 11 case of the Catholic Bishop of Northern
Alaska.

Catholic Bishop of Northern Alaska (CBNA) filed a Chapter 11
petition in bankruptcy court on March 1, 2008. At the time of the
filing, CBNA owned the Pilgrim Springs property, which is 320 acres
of land located on the Seward Peninsula, north of Nome, Alaska.
CBNA had leased the Pilgrim Springs property to Pilgrim Springs,
Ltd. (PSL) on November 1, 1969. PSL had a 99-year lease and was
granted "the exclusive right to possess and develop the Property."

Louis Green, Sr. served as the caretaker of the Pilgrim Springs
property for PSL from 1975 to 1985 or 1987.  In a 1992 letter to
CBNA, Louis Sr. wrote that "Pilgrim Springs, Ltd. asked myself and
my family to serve as caretakers of the Church property from 1975
to the late 1980's."  After receiving the letter, CBNA wrote to PSL
to express its "concern about those who are squatting on the
property, namely, the Green family."4 In response, PSL advised CBNA
that the Green "family broke up" and that it had only given
permission to Annie Green5 to continue to use the property. In
1994, Louis Sr. again became the caretaker of the property for PSL
and remained so until the lease was terminated.

Stacey Green is Louis Sr.'s son. Stacey and Mary Reader have long
been domestic partners and were married in 2006.

In 1989 or 1990, Stacey selected a site on the Pilgrim Springs
property on which to build a cabin.  Stacey avers that his father
instructed him not to contact PSL about whether it was permissible
to build a cabin on the property.   After selecting a cabin site,
Stacey began building a trail and a bridge and in 1993 started
moving materials to the site to construct a cabin. Stacey and Mary
aver that they have consistently used the property for camping,
berry picking, and walking on the trails they have built and that
they have consistently used their cabin and a near-by hot spring.
Stacey and Mary have invested approximately $50,000 to build their
cabin and make improvements to the cabin and the surrounding
property.

In 2008, CBNA sought approval from the bankruptcy court to
terminate its lease with PSL so that it could sell the Pilgrim
Springs property free and clear of all liens and interests in the
property. Louis Sr. was sent notice of CBNA's motion to terminate
the lease as PSL's registered agent.  On December 5, 2008, the
bankruptcy court granted CBNA's motion to terminate the 99-year
lease of the Pilgrim Springs property.

On July 10, 2009, Tom Buzek, the business administrator for CBNA,
asked Stacey and Mary "to consider the possibility of paying rent
for having a cabin on the Pilgrim Springs property." Stacey and
Mary "politely declined" the request to pay rent for their use of
the Pilgrim Springs property.

On December 17, 2009, CBNA filed its reorganization Plan. The Plan
called for the auction and sale of the Pilgrim Springs property.
Louis Sr. and Nancy commenced a quiet title action in state court
against CBNA, claiming title to the entire Pilgrim Springs property
by adverse possession.

On January 21, 2010, the bankruptcy court entered an order and
judgment that Louis Sr. and Nancy had violated the automatic stay
by filing their quiet title action.  On January 29, 2010, Louis Sr.
and Nancy filed an appeal of that order and judgment and also
sought a preliminary injunction against the proposed sale.  On
February 26, 2010, the bankruptcy court denied their motion for
preliminary injunction. On March 4, 2010, the district court denied
their emergency motion for an order staying the sale of the Pilgrim
Springs property.

On April 26, 2010, the bankruptcy court entered an order approving
the sale of the Pilgrim Springs property to Unaatuq, LLC. The sale
to Unaatuq was made "free and clear" of all interests, including
"any claims to title to the Pilgrim Springs Property by Louis
Green, Sr. and Nancy Green. . . ."  When CBNA filed its Stipulated
Motion seeking approval of the sale of the Pilgrim Springs
property, Stacey and Mary were not on the service list and they did
not receive actual notice of the Stipulated Motion.  
On December 7, 2010, Louis Sr. and Nancy filed a complaint to quiet
title in state court against Unaatuq and others.
On January 12, 2011, Unaatuq filed a Complaint to Enforce Orders,
Determine Validity of Interest and for Injunctive and Declaratory
Relief against Louis Sr. and Nancy in bankruptcy court. The
bankruptcy court opened an adversary matter to deal with the
complaint. Unaatuq moved for summary judgment on all of its claims
and on March 30, 2011, the bankruptcy court granted Unaatuq's
motion for summary judgment and declared that Louis Sr. and Nancy
had "no right, title or interest in Pilgrim Hot Springs, that
Unaatuq owns Pilgrim Hot Springs free and clear of any interest by
[Louis Sr. and Nancy], and that [Louis Sr. and Nancy] have no claim
against Unaatuq[.]" The bankruptcy court entered judgment on March
30, 2011 enjoining "Louis H. Green and Nancy E. Green, and their
successors and assigns, . . . from asserting any right, title,
claim or interest in Pilgrim Hot Springs based on, or arising from,
facts existing prior to the date of this Judgment[.]" The
bankruptcy court also ordered Louis Sr. and Nancy to dismiss the
December 2010 state-court quiet title action with prejudice.

Stacey avers that he did not "receive[] any notice or any letter
from CBNA or Unaatuq . . . concerning my cabin on the property and
my use of the property until a letter from Unaatuq in June 2013."
Stacey further avers that in June 2010 he did see a letter
addressed to his father "that stated Pilgrim Springs had been sold"
and that his father "had no legal right to occupy the Pilgrim
Springs property." Stacey avers that he then "went to Unaatuq's
office to discuss [the letter]. I asked that Unaatuq contact me to
set up a meeting to discuss my cabin on the property. Unaatuq did
not contact me." Mary avers that she "never received any notice
telling me there was going to be a court hearing . . . regarding
the sale of the Pilgrim Springs property or that I needed to file
an objection with the court in order to avoid having my interest in
the cabin site and the trails and other parts of the Pilgrim
Springs property . . . extinguished."

On August 16, 2013, Unaatuq filed a Motion to Enforce Sale and
Related Orders, in which Unaatuq requested that the bankruptcy
court order Stacey and Mary and other members of the Green family
to vacate the Pilgrim Springs property. This motion was filed in
the main bankruptcy case. The bankruptcy court construed the motion
as seeking further relief from the judgment the court had entered
in the adversary proceeding and determined that Unaatuq's motion
should have been filed in the adversary case.

On August 23, 2013, Unaatuq re-filed the motion, now entitled a
Motion to Enforce Judgment and Related Orders, in the adversary
case. Stacey and Mary were provided notice of Unaatuq's motion. In
their opposition to that motion, Stacey and Mary argued that they
were entitled to actual notice of the proposed sale of the Pilgrim
Springs property, that they had acquired title to a portion of that
property through adverse possession, that collateral estoppel did
not apply, and that the sale of the property was void because they
had been denied due process.

The bankruptcy court agreed that Stacey and Mary had not been
provided actual notice of the proposed sale of the Pilgrim Springs
property free and clear of all interests. And, the bankruptcy court
held that the judgment in the adversary case could not be enforced
against Stacey and Mary "as the Greens' successors and assigns."
But, the bankruptcy court held that Stacey and Mary were not
entitled to actual notice of the proposed sale of the Pilgrim
Springs property because they did not have an interest in the
property that required notice under 11 U.S.C. Sec. 363. In order to
determine whether Stacey and Mary had such an ownership interest,
the bankruptcy court considered whether they could establish an
interest through adverse possession. The bankruptcy court held that
their adverse possession claim was tolled as to CBNA while PSL's
lease was in effect, that they could not establish that their
possession was hostile, and that they could not establish that
their possession was notorious or exclusive. Because they could not
establish open, notorious, exclusive and hostile possession of a
portion of the Pilgrim Springs property, the bankruptcy court
determined that notice by publication was sufficient to apprise
them of the proposed sale of the property.

DEWEY GREEN and MARY READER, Appellants, v. UNAATUQ, LLC; NANCY E.
GREEN; and LOUIE GREEN, SR., Appellees, Adv. Proc. No. 11-90002 (D.
Alaska).  A copy of the District Court's Feb. 12, 2015 Order is
available at http://bit.ly/17ok9avfrom Leagle.com.

                    About Diocese of Fairbanks

The Roman Catholic Diocese of Fairbanks in Alaska, aka Catholic
Bishop of Northern Alaska, aka Catholic Diocese of Fairbanks, aka
The Diocese of Fairbanks, aka CBNA -- http://www.cbna.info/--
filed for chapter 11 bankruptcy on March 1, 2008 (Bankr. D. Alaska
Case No. 08-00110).  Susan G. Boswell, Esq., at Quarles & Brady
LLP represented the Debtor in its restructuring efforts.  Michael
R. Mills, Esq., of Dorsey & Whitney LLP served as the Debtor's
local counsel and Cook, Schuhmann & Groseclose Inc. as its special
counsel.  Judge Donald MacDonald, IV, of the United States
Bankruptcy Court for the District of Alaska presided over
Fairbanks' Chapter 11 case.  The Debtor's schedules show total
assets of $13,316,864 and total liabilities of $1,838,719.


DIOCESE OF FAIRBANKS: Louie Green Appeal Over Property Rift Tossed
------------------------------------------------------------------
Alaska District Judge H. Russel Holland tossed an appeal by Louie
Green, Jr. from the bankruptcy court's order granting Unaatuq,
LLC's Motion to Enforce Judgment and Related Orders in the Chapter
11 case of the Catholic Bishop of Northern Alaska.

Louie Jr. contends that he adversely possessed a portion of the
Pilgrim Springs property that debtor sold to Unaatuq without
providing notice of the proposed sale to Louie. Louie Jr. contends
that he built a cabin, outbuildings, and trails near the airport on
the Pilgrim Springs property in 1989 and that any time debtor's
agents or representatives went out to the Pilgrim Springs property,
they would have seen his cabin, outbuilding, and trails because the
cabin was located near the airport.

This appeal is based on the same operative facts and raises the
same issues as those in Case No. 4:14-cv-0010, which was brought by
Louie Jr.'s brother, Dewey "Stacey" Green, and Stacey's wife, Mary
Reader.  

Thus, the bankruptcy court's order is affirmed for the same reasons
as set forth in the decision entered in that case, the District
Court said.

A report on the District Court's decision in the Green and Reader
appeal is also reported by the Troubled Company Reporter.

The case is, LOUIE GREEN, JR., Appellant, v. UNAATUQ, LLC; NANCY E.
GREEN; and LOUIE GREEN, SR., Appellees, Adv. Proc. No. 11-90002 (D.
Alaska).  A copy of the Court's February 12, 2015 Order in the
Green appeal is available at http://bit.ly/1A4rCqIfrom
Leagle.com.

                    About Diocese of Fairbanks

The Roman Catholic Diocese of Fairbanks in Alaska, aka Catholic
Bishop of Northern Alaska, aka Catholic Diocese of Fairbanks, aka
The Diocese of Fairbanks, aka CBNA -- http://www.cbna.info/--
filed for chapter 11 bankruptcy on March 1, 2008 (Bankr. D. Alaska
Case No. 08-00110).  Susan G. Boswell, Esq., at Quarles & Brady
LLP represented the Debtor in its restructuring efforts.  Michael
R. Mills, Esq., of Dorsey & Whitney LLP served as the Debtor's
local counsel and Cook, Schuhmann & Groseclose Inc. as its special
counsel.  Judge Donald MacDonald, IV, of the United States
Bankruptcy Court for the District of Alaska presided over
Fairbanks' Chapter 11 case.  The Debtor's schedules show total
assets of $13,316,864 and total liabilities of $1,838,719.


DOW CORNING: $400MM Reserve for Breast Implant Case at Dec. 31
--------------------------------------------------------------
As of Dec. 31, 2014, Dow Corning Corporation had recorded a reserve
for breast implant litigation of $400 million, according to
information disclosed in Corning Incorporated's Form 10-K report
for the fiscal year 2014.

Corning Inc. and The Dow Chemical Company each own 50% of the
common stock of Dow Corning.

In May 1995, Dow Corning filed for bankruptcy protection to address
pending and claimed liabilities arising from many thousands of
breast implant product lawsuits.  On June 1, 2004, Dow Corning
emerged from Chapter 11 with a Plan of Reorganization, which
provided for the settlement or other resolution of implant claims.
The Plan also includes releases for Corning and Dow as shareholders
in exchange for contributions to the Plan.

Under the terms of the Plan, Dow Corning has established and is
funding a Settlement Trust and a Litigation Facility to provide a
means for tort claimants to settle or litigate their claims.
Inclusive of insurance, Dow Corning has paid approximately $1.8
billion to the Settlement Trust.  As of December 31, 2014, Dow
Corning had recorded a reserve for breast implant litigation of
$400 million.

                      About Dow Corning

Dow Corning Corp. -- http://www.dowcorning.com/-- produces and   
supplies more than 7,000 silicon-based products and services to
more than 25,000 customers worldwide.  Dow Corning is equally
owned by The Dow Chemical Company and Corning Incorporated.

The Company filed for Chapter 11 protection on May 15, 1995
(Bankr. E.D. Mich. Case No. 95-20512) to resolve silicone implant-
related tort liability.  The Company owed its commercial creditors
more than $1 billion at that time.  A consensual Joint Plan of
Reorganization, amended on Feb. 4, 1999, offering to pay
commercial creditors in full with post-petition interest,
establish a multi-billion-dollar settlement trust for tort claims,
and leave Dow Corning's shareholders unimpaired, took effect on
June 30, 2004.


DOW CORNING: At Least $99MM Liability to Commercial Creditors
-------------------------------------------------------------
Dow Corning Corporation is defending claims asserted by a number of
commercial creditors who claim additional interest at default rates
and enforcement costs, during the period from May 1995 through June
2004.  As of December 31, 2014, Dow Corning has estimated the
liability to commercial creditors to be within the range of $99
million to $324 million, according to information disclosed in
Corning Incorporated's Form 10-K Report for the fiscal year ended
Dec. 31, 2014.

Corning Inc. and The Dow Chemical Company each own 50% of the
common stock of Dow Corning.

As Dow Corning management believes no single amount within the
range appears to be a better estimate than any other amount within
the range, Dow Corning has recorded the minimum liability within
the range.  Should Dow Corning not prevail in this matter,
Corning’s equity earnings would be reduced by its 50% share of
the amount in excess of $99 million, net of applicable tax
benefits.  There are a number of other claims in the bankruptcy
proceedings against Dow Corning awaiting resolution by the U.S.
District Court, and it is reasonably possible that Dow Corning may
record bankruptcy-related charges in the future.  The remaining
tort claims against Dow Corning are expected to be channeled by the
Plan into facilities established by the Plan or otherwise defended
by the Litigation Facility.

                      About Dow Corning

Dow Corning Corp. -- http://www.dowcorning.com/-- produces and   
supplies more than 7,000 silicon-based products and services to
more than 25,000 customers worldwide.  Dow Corning is equally
owned by The Dow Chemical Company and Corning Incorporated.

The Company filed for Chapter 11 protection on May 15, 1995
(Bankr. E.D. Mich. Case No. 95-20512) to resolve silicone implant-
related tort liability.  The Company owed its commercial creditors
more than $1 billion at that time.  A consensual Joint Plan of
Reorganization, amended on February 4, 1999, offering to pay
commercial creditors in full with post-petition interest,
establish a multi-billion-dollar settlement trust for tort claims,
and leave Dow Corning's shareholders unimpaired, took effect on
June 30, 2004.


DVORKIN HOLDINGS: Judge Pamela S. Hollis Now Handles Ch. 11 Case
----------------------------------------------------------------
The Chapter 11 case of Dvorkin Holdings, LLC, has been reassigned
to Judge Pamela S. Hollis.  Judge Jack B. Schetterer had recused
himself in the case.

In a prior order, the Court transferred the Debtor's case to Chief
Bankruptcy Judge Bruce W. Black for reassignment.  The order does
not apply to the adversary case Paloian v. Asset Liquidators.

                      About Dvorkin Holdings

Dvorkin Holdings, LLC, is a real estate holding company that
possesses or possessed ownership interests in 70 real properties,
either directly or indirectly through limited liability companies
or land trusts.  Dvorkin Holdings has interests in 40 non-debtor
entities.

Dvorkin Holdings filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 12-31336) in Chicago on Aug. 7, 2012.  The Debtor
disclosed $69.9 million in assets and $9.30 million in liabilities
as of the Chapter 11 filing.  U.S. Bankruptcy Judge Jack B.
Schmetterer oversees the case.  Michael J. Davis, Esq., at Archer
Bay, P.A., in Lisle, Ill., serves as counsel to the Debtor.  The
petition was signed by Loran Eatman, vice president of DH-EK
Management Corp.

The Bankruptcy Court in October 2012 granted the request of
Patrick S. Layng, the U.S. Trustee for the Northern District of
Illinois, to appoint Gus Paloian as the Chapter 11 Trustee.

Seyfarth Shaw, LLP, represents the Chapter 11 Trustee as counsel.
Carpenter Lipps & Leland LLP represents the Chapter 11 Trustee as
conflicts counsel.



EPWORTH VILLA: Wants Until April 15 to File Chapter 11 Plan
-----------------------------------------------------------
Central Oklahoma United Methodist Retirement Facility Inc., dba
Epworth Villa, asks the U.S. Bankruptcy Court for the Western
District of Oklahoma to further extend its exclusive period to:

  a) file a Chapter 11 plan until April 15, 2015; and

  b) solicit acceptances from creditors of that plan until
     June 15, 2015.

The Debtor say it requested the extension of its exclusive period
in order to provide additional time to negotiate with parties in
interest concerning the terms of its plan, before formally
soliciting acceptances of the plan, in an effort to reach a
consensual and efficient resolution of this case.  Further, the
Debtor made the requested extension in order to proceed with the
preparation and filing of a disclosure statement, seeking approval
thereof by the court and then soliciting acceptances of the plan.

The Debtor'S current exclusive plan filing deadline was slated to
expire Feb. 16, 2015, absent an extension.

              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.


FALCON STEEL: Equity Holders Balk at Plan Disclosures
-----------------------------------------------------
Ad Hoc Committee of Equity Security Holders, each shareholders of
Falcon Steel Company and parties-in-interest objected to adequacy
of information in the Disclosure Statement explaining the Joint
Plan of Reorganization of Falcon Steel Company and New Falcon
Steel, LLC.

The Ad Hoc Equity Committee, consisting of Vichien Nopratvarakorn,
David Smith, and Jeff Jones, point out that the Disclosure
Statement fails to contain basic and accurate information to enable
the average equity interest holder of the Debtor to make a
reasonably informed decision concerning the Proposed Plan.  They
add that there is no discussion of when payments on account of
equity interests may resume.

The Ad Hoc Committee is represented by:

         Davor Rukavina, Esq.
         Deborah M. Perry, Esq.
         Thomas D. Berghman, Esq.
         MUNSCH HARDT KOPF & HARR, P.C.
         3800 Ross Tower
         500 North Akard
         Dallas, TX 75201
         Tel: (214) 855-7500
         Fax: (214) 978-4375

                    About Falcon Steel Company

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 employ 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 Co., filed a plan to emerge from bankruptcy
protection, saying it has secured new orders and reached a deal to
refinance a $17.5 million bank loan.



FAMILY CHRISTIAN: Creditors Questioning Richard Jackson's Motives
-----------------------------------------------------------------
Jim Harger at Mlive.com reports that the attorneys for Family
Christian, LLC's creditors are questioning the motives of wealthy
Atlanta businessman Richard L. Jackson who wants to convert the
Company into a charity.

Citing Michael Maggio, Esq., the attorney for the Office of the
U.S. Trustee, Mlive.com relates that Mr. Jackson, who is a member
of the member group that acquired the Company in 2012, acquired $24
million in secured debt and wants to buy the Company back after it
sheds its unsecured debt.  According to the report, Mr. Maggio said
that Mr. Jackson's full involvement in the Company and his role as
the proposed new owner was not disclosed until Tuesday's hearing.

As reported by the Troubled Company Reporter on Feb. 18, 2015, the
Company and its affiliates sought authority from the U.S.
Bankruptcy Court for the Western District of Michigan to sell
substantially all of their assets for $73.8 million to FCS
Acquisition, LLC, a newly-formed subsidiary of a non-debtor company
known as Family Christian Resource Centers, Inc., which owns 100%
of the debtors' holding company.  Subject to court approval, the
purchase agreement contemplates a closing of the sale and purchase
of the Assets on or before May 4, 2015, with a targeted closing
date of April 30, 2015.

Mlive.com quoted Jennifer Hagle, Esq., the attorney for Credit
Suisse AG, as saying, "There is a significant issue of transparency
in this case.  The company would like to buy back the Company and
get rid of over $75 million in debt.  This is not an acceptable use
of Chapter 11."

The Company's restructuring plan does not propose closing any of
its 266 stores that may be losing money or changing its corporate
structure, Mlive.com relates, citing Jennifer Hagle, Esq., the
attorney for Credit Suisse AG.  Ms. Hagle is finding it hard to
believe the $38 million loan her bank gave to the Company two years
ago is "all vaporized," according to the report.  The report states
that Ms. Hagle obtained the Bankruptcy Court's authorization to
review the Company's finances before the court rules on the
restructuring request.  

According to Mlive.com, Todd Meyer, Esq., the attorney for Mr.
Jackson's affiliate that hopes to buy back the Company, said that
his client bought out the JP Morgan loan in full and added another
$7 million in collateral and has put up "10s and 10s of millions"
to keep the Company afloat.  Mr. Jackson would welcome another
buyer for the Company, the report states, citing Mr. Meyer.

The Bankruptcy Court, Mlive.com says, allowed the Company to
continue operating with the cash it collects from its operations,
collect rent, make utility payments, and pay its workers.

                     About Family Christian

Family Christian Holding, LLC, is the sole owner and member of
Family Christian, LLC, which operates and runs Family Christian
stores, one of the largest retail sellers of Christian books,
music, DVDs, church supplies, and other faith based merchandise.

Family Christian, LLC, Family Christian Holding, LLC, and
FCS Giftco, LLC, filed Chapter 11 bankruptcy petitions (Bankr. W.D.
Mich. Lead Case No. 15-00643) on Feb. 11, 2015.  The petition was
signed by Chuck Bengochea as president and CEO.  The Debtors
estimated assets and liabilities of $50 million to $100 million.

The Debtors are being represented by Todd Almassian, Esq., at
Keller & Almassian PLC, and Erich Durlacher, Esq., Brad Baldwin,
Esq., Bryan Glover, Esq., at Burr & Forman LLP as counsel.


FEDERAL RESOURCES: MAF Approved to Handle District Court Case
-------------------------------------------------------------
U.S. Bankruptcy Judge Joel T. Marker authorized Federal Resources
Corporation to employ Murphy, Armstrong & Felton, LLP, as special
counsel.

MAF will, among other things:

   a. represent the Debtor in connection with the appeal of any
final, enforceable judgment that might be entered that certain case
captioned United States of America v. Federal Resources
Corporation, et al., pending in the United States District Court
for the District of Idaho; and

   b. perform other services as the Court may approve upon further
application.

MAF's fees and costs for services as special counsel will be paid
by the Debtor's insurance carrier and, therefore, MAF does not have
any obligation to seek approval of its fees and costs paid in
connection with MAF's representation.

To the best of the Debtor's knowledge, MAF does not hold or
represent any entity having an adverse interest to the Debtor or to
the estate with respect to the matter on which MAF is to be
employed.

The Debtor is represented by:

         David E. Leta, Esq.
         Andrew V. Hardenbrook, Esq.
         SNELL & WILMER L.L.P.
         15 W. South Temple, Suite 1200
         Salt Lake City, UT 84101
         Tel: (801) 257-1900
         Fax: (801) 257-1800
         E-mail: dleta@swlaw.com

                     About Federal Resources

Federal Resources Corporation and Camp Bird Colorado, Inc., filed
voluntary petitions for protection under Chapter 11 of the
Bankruptcy Code on Dec. 29, 2014, with the U.S. Bankruptcy Court
for the District of Utah (Salt Lake City).  The Debtors are
represented by David E. Leta, Esq., and Andrew V. Hardenbrook,
Esq., at Snell & Wilmer L.L.P.



GARLOCK SEALING: Calls ACC Plan Objections as Wild Speculations
---------------------------------------------------------------
Garlock Sealing Technologies LLC, et al., tell the Bankruptcy Court
that the objection of the Official Committee of Asbestos Personal
Injury Claimants to the Disclosure Statement for the Debtors'
Second Amended Plan of Reorganization contains "wild speculations"
that do not deserve to be included in the same package as the
Disclosure Statement.

The Debtors added that the Committee's attacks on counsel for the
FCR are inappropriate and highly misleading.  No party in the case
has ever objected to the FCR's retention of Orrick, Herrington &
Sutcliffe LLP and, in any event, it is the FCR who supports this
Plan, not Orrick.

Joseph W. Grier, III, the Future Asbestos Claimants'
representative, replied to the Committee's objection, requesting
that the Court strike the last section of the ACC's proposed
statement with the heading: "The FCR's Misguided Support for the
Plan Undermines the Interests of Present and Future Asbestos
Claimants and Promotes the Interests of Solvent Defendants."

In their objection, the ACC asked the Court to condition approval
of the Debtors' Disclosure Statement on the inclusion in the
solicitation package of the ACC's proposed statement that included
legal argument that the Plan violates the Bankruptcy Code and
various arguments surrounding the treatment of asbestos claims.

As reported in the Troubled Company Reporter on Oct. 21, 2014, tens
of thousands of claims seeking damages for personal injury and
wrongful death were instituted against the Debtors.

The Official Committee of Asbestos Personal Injury Claimants
objected to the proposed disclosure statement and the voting
procedures designed to ease confirmation of a controversial plan.

The Committee argued before the Court that a consensual resolution
under Section 524(g) of the Bankruptcy Code would serve the best
interests of all concerned, since that section provides statutory
means of reorganizing the Debtors while shifting to a funded trust
the problem of processing and resolving claims over a long period
of time.

                     About Garlock Sealing

Headquartered in Palmyra, New York, Garlock Sealing Technologies
LLC is a unit of EnPro Industries, Inc. (NYSE: NPO).  For more
than a century, Garlock has been helping customers efficiently
seal the toughest process fluids in the most demanding
applications.

On June 5, 2010, Garlock filed a voluntary Chapter 11 petition
(Bankr. W.D.N.C. Case No. 10-31607) in Charlotte, North Carolina,
to establish a trust to resolve all current and future asbestos
claims against Garlock under Section 524(g) of the U.S. Bankruptcy
Code.  The Debtor estimated $500 million to $1 billion in assets
and up to $500 million in debts as of the Petition Date.

Affiliates The Anchor Packing Company and Garrison Litigation
Management Group, Ltd., also filed for bankruptcy.

Albert F. Durham, Esq., at Rayburn Cooper & Durham, P.A.,
represents the Debtor in their Chapter 11 effort.  Garland S.
Cassada, Esq., at Robinson Bradshaw & Hinson, serves as counsel
for asbestos matters.

The Official Committee of Asbestos Personal Injury Claimants in
the Chapter 11 cases is represented by Travis W. Moon, Esq., at
Hamilton Moon Stephens Steele & Martin, PLLC, in Charlotte, NC,
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, in New
York, and Trevor W. Swett III, Esq., Leslie M. Kelleher, Esq., and
Jeanna Rickards Koski, Esq., in Washington, D.C. 20005.

Joseph W. Grier, III, the Court-appointed legal representative for
future asbestos claimants, has retained A. Cotten Wright, Esq., at
Grier Furr & Crisp, PA, and Richard H. Wyron, Esq., and Jonathan
P. Guy, Esq., at Orrick, Herrington & Sutcliffe LLP, as his
co-counsel.

Judge George Hodges of the United States Bankruptcy Court for the
Western District of North Carolina on Jan. 10, 2014, entered an
order estimating the liability for present and future mesothelioma
claims against Garlock Sealing at $125 million, consistent with
the positions GST put forth at trial.



GARLOCK SEALING: Fee Examiner Taps Diana Adams as Consultant
------------------------------------------------------------
W. Clarkson McDow, Jr. -- the appointed fee examiner for the
Chapter 11 case of Garlock Sealing Technologies LLC -- asks the
U.S. Bankruptcy Court for the Western District of North Carolina
for permission to employ Diana G. Adams as his advisor and
consultant to assist with review and analysis of fee applications
by the retained professionals.

Ms. Adams will:

  a) review the fee applications and monthly statements of the
     retained professionals;

  b) identify billing entries, if any, which appear to be outside
     of the applicable rules, guidelines and court orders and
     discuss same with the Fee Examiner and his other
     professionals, if any;

  c) make recommendations to the fee examiner regarding any
     identified issues;

  d) assist in the fee examiner and his attorneys in the
     preparation of reports and court filings;

  e) assist the fee examiner in developing protocols; and

  f) perform such other duties as the Fee Examiner may request.

Ms. Adams will bill $360 per hour for services rendered to Mr.
McDow.

Mr. McDow assures the Court that Ms. Adams is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

Mr. McDow can be reached at:

   W. Clarkson McDow, Jr.
   Court Appointed Independent Fee Examiner
   738 Myrtle Drive
   Rock Hill, SC 29730
   Tel: 803-327-2163
   Email: clarksonmcdow@comporium.net

                     About Garlock Sealing

Headquartered in Palmyra, New York, Garlock Sealing Technologies
LLC is a unit of EnPro Industries, Inc. (NYSE: NPO).  For more
than a century, Garlock has been helping customers efficiently
seal the toughest process fluids in the most demanding
applications.

On June 5, 2010, Garlock filed a voluntary Chapter 11 petition
(Bankr. W.D.N.C. Case No. 10-31607) in Charlotte, North Carolina,
to establish a trust to resolve all current and future asbestos
claims against Garlock under Section 524(g) of the U.S. Bankruptcy
Code.  The Debtor estimated $500 million to $1 billion in assets
and up to $500 million in debts as of the Petition Date.

Affiliates The Anchor Packing Company and Garrison Litigation
Management Group, Ltd., also filed for bankruptcy.

Albert F. Durham, Esq., at Rayburn Cooper & Durham, P.A.,
represents the Debtor in their Chapter 11 effort.  Garland S.
Cassada, Esq., at Robinson Bradshaw & Hinson, serves as counsel
for asbestos matters.

The Official Committee of Asbestos Personal Injury Claimants in
the Chapter 11 cases is represented by Travis W. Moon, Esq., at
Hamilton Moon Stephens Steele & Martin, PLLC, in Charlotte, NC,
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, in New
York, and Trevor W. Swett III, Esq., Leslie M. Kelleher, Esq., and
Jeanna Rickards Koski, Esq., in Washington, D.C. 20005.

Joseph W. Grier, III, the Court-appointed legal representative for
future asbestos claimants, has retained A. Cotten Wright, Esq., at
Grier Furr & Crisp, PA, and Richard H. Wyron, Esq., and Jonathan
P. Guy, Esq., at Orrick, Herrington & Sutcliffe LLP, as his
co-counsel.

Judge George Hodges of the United States Bankruptcy Court for the
Western District of North Carolina on Jan. 10, 2014, entered an
order estimating the liability for present and future mesothelioma
claims against Garlock Sealing at $125 million, consistent with
the positions GST put forth at trial.


GARLOCK SEALING: Fee Examiner Taps National RCS as Consultant
-------------------------------------------------------------
W. Clarkson McDow, Jr. -- the appointed fee examiner for the
Chapter 11 case of Garlock Sealing Technologies LLC -- asks the
U.S. Bankruptcy Court for the Western District of North Carolina
for permission to employ National Creditor Recovery Services LLC as
his advisor and consultant.

The firm will:

  a) review with the computer assisted review of fee applications;

  b) identify billing entries, if any, which appear to be outside
     of the applicable rules, guidelines and court orders and
     discuss same with the Fee Examiner and his other
     professionals, if any;

  c) make recommendations to the fee examiner regarding any
     identified issues;

  d) assist in the fee examiner and his professionals in the
     preparation of reports and court filings; and

  f) perform such other duties as the Fee Examiner may request.

Michael L. Newsom, managing director and president of the firm,
will bill $240 per hour for services rendered to Mr.  McDow.

Mr. McDow assures the Court that Ms. Newsom is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

Mr. Newsom can be reached at:

   Michael L. Newsom
   National Creditor Recovery Services LLC
   The Crossings - 28471 U.S. 19 North, Suite 517
   Clearwater, FL 33761
   Tel: (813) 286-2718
   Fax: (253) 498-6182

Mr. McDow can be reached at:

   W. Clarkson McDow, Jr.
   Court Appointed Independent Fee Examiner
   738 Myrtle Drive
   Rock Hill, SC 29730
   Tel: 803-327-2163
   Email: clarksonmcdow@comporium.net

                     About Garlock Sealing

Headquartered in Palmyra, New York, Garlock Sealing Technologies
LLC is a unit of EnPro Industries, Inc. (NYSE: NPO).  For more
than a century, Garlock has been helping customers efficiently
seal the toughest process fluids in the most demanding
applications.

On June 5, 2010, Garlock filed a voluntary Chapter 11 petition
(Bankr. W.D.N.C. Case No. 10-31607) in Charlotte, North Carolina,
to establish a trust to resolve all current and future asbestos
claims against Garlock under Section 524(g) of the U.S. Bankruptcy
Code.  The Debtor estimated $500 million to $1 billion in assets
and up to $500 million in debts as of the Petition Date.

Affiliates The Anchor Packing Company and Garrison Litigation
Management Group, Ltd., also filed for bankruptcy.

Albert F. Durham, Esq., at Rayburn Cooper & Durham, P.A.,
represents the Debtor in their Chapter 11 effort.  Garland S.
Cassada, Esq., at Robinson Bradshaw & Hinson, serves as counsel
for asbestos matters.

The Official Committee of Asbestos Personal Injury Claimants in
the Chapter 11 cases is represented by Travis W. Moon, Esq., at
Hamilton Moon Stephens Steele & Martin, PLLC, in Charlotte, NC,
Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, in New
York, and Trevor W. Swett III, Esq., Leslie M. Kelleher, Esq., and
Jeanna Rickards Koski, Esq., in Washington, D.C. 20005.

Joseph W. Grier, III, the Court-appointed legal representative for
future asbestos claimants, has retained A. Cotten Wright, Esq., at
Grier Furr & Crisp, PA, and Richard H. Wyron, Esq., and Jonathan
P. Guy, Esq., at Orrick, Herrington & Sutcliffe LLP, as his
co-counsel.

Judge George Hodges of the United States Bankruptcy Court for the
Western District of North Carolina on Jan. 10, 2014, entered an
order estimating the liability for present and future mesothelioma
claims against Garlock Sealing at $125 million, consistent with
the positions GST put forth at trial.


GASFRAC ENERGY: Canadian Proceedings Recognized in U.S.
-------------------------------------------------------
U.S. Bankruptcy Judge Craig A. Gargotta entered an order
recognizing Gasfrac Energy Services Inc., et al.'s Canadian
proceedings as foreign main proceedings pursuant to Section 1517 of
the Bankruptcy Code.

The Debtors filed documents supporting the arguments made and
relief sought in the expedited motion for recognition of foreign
main proceeding pursuant to Sections 1515 and 1517 of the U.S.
Bankruptcy Code and related relief filed by Ernst & Young Inc. in
its role as the monitor on Jan. 15, 2015.  The application was
supplemented on Jan. 29, 2015.

PNC Bank Canada has agreed to continue financing the Debtors
pursuant to the terms of the Loan Documents as modified by the
Forbearance Agreement in the Canadian proceedings.  In this
relation, PNC is entitled to a continuing lien and security
interest in all of the Debtors' postpetition assets located in the
United States to secure the postpetition financing provided by PNC
to the Debtors and related obligations.

The Debtor in January 2015 obtained court approval under the
Companies' Creditors Arrangement Act ("CCAA") proceedings in
respect of a forbearance agreement, entered into between GASFRAC
and its subsidiaries and the Corporation's primary secured lender,
PNC Bank Canada Branch, pursuant to which PNC has agreed, subject
to certain conditions and restrictions, to forbear from exercising
remedies under its existing secured loan documents that they are
entitled to exercise with respect to specific defaults by GASFRAC
under such secured loan documents, until March 2, 2015, or a date
on which an event of default under the forbearance agreement
occurs.  In addition thereto, PNC has also agreed to increase the
line of credit available to the Corporation to a maximum amount of
$39,500,000 to enable the Corporation to fund ongoing operations.

The Debtor also received court approval to extend the existing stay
of certain creditor claims and the exercise of contractual rights
until March 18, 2015, which will enable the Corporation and its
operating subsidiaries to maintain normal business operations, as
well as to provide the necessary protection for the Corporation to
continue a restructuring process under the oversight of the Monitor
and with the advice of the Corporation's professional advisors.

The Debtors are represented by:

         Harry Perrin
         John West
         Casey Doherty
         VINSON & ELKINS LLP
         1001 Fannin Street, Suite 2500
         Houston, TX 77002-6760
         Tel: (713) 758-3215
         Fax: (713) 615-5532
         E-mail: hperrin@velaw.com
                 jwest@velaw.com
                 cdoherty@velaw.com

The Canadian Monitor is represented by:

         Steve A. Peirce
         FULBRIGHT & JAWORSKI LLP
         300 Convent Street, Suite 2100
         San Antonio, TX 78205-3792
         Tel: (210) 224-5575
         Fax: (210) 270-7205
         E-mail: steve.peirce@nortonrosefulbright.com

                    - and -

         Louis R. Strubeck, Esq.
         FULBRIGHT & JAWORSKI LLP
         2200 Ross Avenue, Suite 2800
         Dallas, TX 75201
         Tel: (214) 855-8000
         Fax: (214) 855-8200
         E-mail: louis.strubeck@nortonrosefulbright.com

                      About GASFRAC Energy

Headquartered in Calgary, Canada, GASFRAC Energy Services Inc. --
http://www.gasfrac.com/-- is an oil and gas service company, whose
business is to provide liquid petroleum gas (LPG) fracturing
services to oil and gas companies in Canada and the United States
of America.  As of Dec. 31, 2011, GASFRAC had three 32 tons and
nine 100 tons sand storage vessels, 47 fracturing pumpers, 150 LPG
storage tanks and related equipment.  GASFRAC's services are
marketed and operated under the name of its wholly owned subsidiary
GASFRAC Energy Services Limited Partnership.

GASFRAC commenced proceedings and obtained court protection under
the CCAA pursuant to an initial order granted by the Court of
Queen's Bench, in the Province of Alberta, on Jan. 15, 2015, "as a
result of a combination of continuing negative operating results,
limited access at the present time to capital markets for junior
issuers such as the Corporation, reduced industry activity
resulting from depressed petroleum and natural gas commodity prices
and the inability of the Corporation to obtain a suitable offer for
the purchase of the Corporation or its assets after a strategic
alternative process, which commenced on November 13, 2014, that
would satisfy all of the Corporation's existing financial
obligations, both secured and unsecured."

Ernst & Young Inc., as monitor, sought protection under Chapter 15
of the U.S. Bankruptcy Code for GASFRAC Energy Services Inc. and
its five affiliates (Bankr. W.D. Tex. Case No. 15-50161) on Jan.
15, 2015.  The Chapter 15 cases are assigned to Judge Craig A.
Gargotta.

The Chapter 15 Petitioners are represented by Timothy S. Springer,
Esq., Steve A. Peirce, Esq., and Louis R. Strubeck, Esq., at
Fulbright & Jaworski LLP.



GENERAL MOTORS: Should Waive Bankruptcy Shield, Hilliard Says
-------------------------------------------------------------
Bob Hilliard, appointed to lead the nation's personal injury and
death cases against General Motors on Feb. 17 called on GM to
voluntarily waive its Bankruptcy shield and allow the thousands of
victims who may be barred from pursuing both personal injury and
economic loss claims to seek the same relief and have the same
rights as similarity situated victims who can sue GM.

"It is simply morally incomprehensible that this company makes this
argument now.  GM is the modern benchmark for corruption and
deceit.  It knowingly killed and injured its own customers and
intentionally lied and covered up this conduct for over a decade.
Now it stands in Bankruptcy Court, pleading for complete immunity
from responsibility."

"The Feinberg Fund failed on many fronts.  GM refused to allow Ken
Feinberg to consider any of the ignition switch recalls except for
the very first recall.  This left over 87% of the victims of GM's
defect with no recourse but litigation.  Now, GM is attempting to
legally kill the claims of the victims it actually killed."

                          About HMG

Hilliard Munoz Gonzales LLP (HMG) -- http://www.hmglawfirm.com/--
specializes in mass torts, personal injury, product liability,
commercial and business litigation, and wrongful death.

                      About General Motors

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on
June 1, 2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP,
assist the Debtors in their restructuring efforts.  Al Koch at AP
Services, LLC, an affiliate of AlixPartners, LLP, serves as the
Chief Executive Officer for Motors Liquidation Company.  GM is also
represented by Jenner & Block LLP and Honigman Miller Schwartz and
Cohn LLP as counsel.  Cravath, Swaine, & Moore LLP is providing
legal advice to the GM Board of Directors.  GM's financial advisors
are Morgan Stanley, Evercore Partners and the Blackstone Group LLP.
Garden City Group is the claims and notice agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured Creditors
Holding Asbestos-Related Claims.  Lawyers at Kramer Levin Naftalis
& Frankel LLP served as bankruptcy counsel to the Creditors
Committee.  Attorneys at Butzel Long served as counsel on supplier
contract matters.  FTI Consulting Inc. served as financial advisors
to the Creditors Committee.  Elihu Inselbuch, Esq., at Caplin &
Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation Company was dissolved.  On the
Dissolution Date, pursuant to the Plan and the Motors Liquidation
Company GUC Trust Agreement, dated March 30, 2011, between the
parties thereto, the trust administrator and trustee -- GUC Trust
Administrator -- of the Motors Liquidation Company GUC Trust,
assumed responsibility for the affairs of and certain claims
against MLC and its debtor subsidiaries that were not concluded
prior to the Dissolution Date.

                        *     *     *

The Troubled Company Reporter, on Sep. 29, 2014, reported that
Standard & Poor's Ratings Services raised its corporate credit
rating on U.S. automaker General Motors Co. (GM) to 'BBB-' from
'BB+', and revised the outlook to stable from positive.  At the
same time, S&P raised its issue-level rating on GM's unsecured debt
to 'BBB-' from 'BB+' and simultaneously withdrew its '4' recovery
rating on that debt, because S&P do not assign recovery ratings to
the issues of investment-grade companies.

On Oct. 21, 2014, the TCR reported that Fitch Ratings has assigned
a rating of 'BB+' to GM's amended unsecured credit facilities.
Fitch currently rates GM's Issuer Default Rating (IDR) 'BB+'.  The
Rating Outlook is Positive.  Fitch has also affirmed and withdrawn
the 'BB+' IDR of GM's General Motors Holdings LLC (GM Holdings)
subsidiary, as there is no longer any rated debt at the subsidiary,
and Fitch does not expect the subsidiary to be an active issuer
going forward.  Fitch has also withdrawn GM Holdings' unsecured
credit facility rating of 'BB+' as the subsidiary is no longer a
borrower on the facilities.

The TCR, on Nov. 6, 2014, reported that Fitch Ratings has assigned
a rating of 'BB+' to GM's proposed issuance of senior unsecured
notes.  The existing Issuer Default Rating (IDR) for GM is 'BB+'
and the Rating Outlook is Positive.


GEORGE WEST 59: Dallas Judge Voids Foreclosure Sale
---------------------------------------------------
Dallas District Judge Barbara M. G. Lynn ruled on motions for
summary judgment filed in the case, GEORGE WEST 59 INVESTMENT,
INC., Plaintiff, v. JAMES RUSSELL WILLIAMS, MING CHU CHANG, and
AMERICAN FIRST NATIONAL BANK, Defendants, CIV. NO. 3:14-CV-1336-M
(N.D. Tex.).

The case began as an Adversary Proceeding, filed on October 18,
2013 -- soon after the entity known as George West 59 Investment,
Inc. filed a voluntary Chapter 11 bankruptcy case on Sept. 19,
2013.  The Adversary Proceeding seeks to resolve ownership disputes
and controversies regarding certain real property operated as a
truck stop and convenience store at 101 S. Nueces St, in the town
of George West, Live Oak County, Texas.

George West 59 has, at all relevant times, had legal title to the
Real Property and controlled it as its primary asset.  James
Russell Williams contends that he purchased the Real Property in an
alleged prepetition, non-judicial foreclosure sale of the Real
Property, although legal title, possession, and control of the Real
Property were never delivered to him and no party ever received the
consideration he was prepared to tender.

Defendant American First National Bank was the former lender to the
Debtor and lienholder on the Real Property that noticed and posted
the Real Property for the alleged non-judicial foreclosure sale.
Defendant Ming Chu Chang is an individual that acquired AFNB's note
and deed of trust, just a few days before the scheduled foreclosure
sale.

The Debtor has requested in its "First Amended Adversary Complaint
to Determine Extent and Priority of Interests" two alternative
forms of relief from the Court:

     -- Count 1 of the Amended Complaint seeks a declaratory
judgment that Debtor is the legal and rightful owner of the Real
Property, that no valid foreclosure sale to Defendant Williams
occurred, that Defendant Williams has no interest in the Real
Property, and that Chang, at this point, still holds a lien on the
Real Property (there having never been a foreclosure).

     -- Count 2, to the extent the Court finds that a legally
enforceable sale or transfer of an interest to Defendant Williams
did occur, seeks in the alternative avoidance of the sale/transfer,
under either section 548 of the Bankruptcy Code3 or section 24 of
the Texas Business and Commerce Code.

Pending before the Court are Motions for Summary Judgment filed by
the Debtor, by Chang, and by AFNB.  The three Motions for Summary
Judgment5 seek summary judgment on only Count 1 of the Amended
Complaint -- specifically requesting that the Court find, as a
matter of law, that the Debtor is the lawful owner of the Real
Property, that no valid foreclosure sale ever occurred, that
Defendant Williams has no interest in the Real Property, and that
the Real Property is still subject to Chang's lien.  No party has
moved for summary judgment on Count 2 of the Amended Complaint.

The Court concludes, based on the undisputed summary judgment
evidence, that a lawful foreclosure sale never, in fact, occurred
-- due to the fact that the name and address of the individual who
is alleged by Defendant Williams to have conducted said foreclosure
sale (i.e., an individual named Jorge Gonzalez, III -- who was an
alleged substitute trustee that was appointed the day before the
sale) did not appear on the face of any notice of sale that was
served, posted and filed in accordance with sections 51.002 and
51.0075(e) of the Texas Property Code. This rendered the alleged
foreclosure sale void. Strict compliance (with the law and deed of
trust) is necessary to invoke the power of sale under a deed of
trust.  Thus, based on the undisputed summary judgment evidence,
the Debtor should be deemed to be the current and lawful owner of
the Real Property (subject to a lien of Chang).

Accordingly, the Court grants summary judgment on behalf of the
Debtor, Chang, and AFNB as to Count 1 of the Amended Complaint. As
a result, Count 2 is dismissed as moot.

A copy of the Court's Feb. 11, 2015 Memorandum Opinion is available
at http://bit.ly/1yUTY1Jfrom Leagle.com.

George West 59 Investment, Inc., filed for Chapter 11 (Bankr. N.D.
Tex. Case No. 13-34815) on September 19, 2013, listing under $1
million in both assets and debts.  Copies of the petition and list
of largest unsecured creditors are available at:

     http://bankrupt.com/misc/txnb13-34815p.pdf
     http://bankrupt.com/misc/txnb13-34815c.pdf

The Debtor is represented by:

     Herman A. Lusky, Esq.
     LUSKY & ASSOCIATES, P.C.
     E-mail: mail@lusky.com


GOLDEN LAND: Chapter 11 Trustee Hires Besen & Associates as Broker
------------------------------------------------------------------
Gregory Messer, the Chapter 11 Operating Trustee of Golden Land,
LLC, asks permission from the U.S. Bankruptcy Court for the Eastern
District of New York to employ Besen & Associates as broker to the
Trustee.

The Trustee requires Besen & Associates to sell the Debtor's
interest in and to 4 commercial condominium units, 29 parking
spaces and 11 residential units located at the real property
located at 142-21-27 37th Avenue, Flushing, New York 11354, and
otherwise known as the American-Chinese Tower Condominium (the
"Property").

Prior to the Petition Date, 37 Avenue Realty Associates, LLC (the
"37 ARA"), as lender and successor in interest to Chinatrust Bank,
was owed the aggregate amount of $13,368,147.37 secured against the
Property.  The Chapter 11 Trustee has engaged in discussions and
negotiations with 37 ARA regarding the sale of the Property with a
carve-out of sale proceeds for the benefit of the Debtor's estate
and its creditors.  As a result of those discussions, 37 ARA has
agreed to a consensual Sale of the Property, as further detailed in
the Joint Plan of Reorganization.

Specifically, 37 ARA has agreed to the retention of the Broker to
market and sell the Property upon the following fee structure: 37
ARA shall retain the right to credit bid up to the amount of its
secured lien (the "Credit Bid"). In the event that 37 ARA Credit
Bids its secured lien amount at $13,000,000 or less, then the
Broker shall be entitled to the amount of $7,500. In the event that
the Property is sold for the sum of $13,250,000 or more (or credit
bid for that amount) then the Broker shall be paid 1.5% of the
gross sales price, plus a 1% buyer's premium.

Greg Corbin, a managing director at Besen & Associates, 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.

Besen & Associates can be reached at:

       Greg Corbin
       BESEN & ASSOCIATES
       381 Park Avenue South
       New York, NY 10016
       Tel: (646) 424-5077
       E-mail: gcorbin@besenassociates.com

                       About Golden Land LLC

Golden Land LLC owns real property located at 142-21/27 37th
Avenue, Queens, New York.  The premises is commercial investment
property, consisting of four commercial condominium units,
twenty-nine parking spaces, and eleven residential condominium
units contained in the building known as the American-Chinese Tower
Condominium and located at 142-21/27 37th Avenue, Queens, New
York.

Using financing from Chinatrust Bank, the Debtor constructed the
building in 2003 and sold 19 units over the next several years
before falling into default with its lender at the time. Chinatrust
thereafter commenced a foreclosure action in 2012, and sometime
shortly thereafter sold the loan and underlying loan documents to
37 Avenue Realty Associates LLC.  In the foreclosure action,
Lawrence Litwack was appointed receiver.

Golden Land LLC filed for Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 14-42315) in Brooklyn, New York, on May 8, 2014.
The Debtor disclosed $15,423,997 in assets and $13,459,740 in
liabilities as of the Chapter 11 filing.

Judge Nancy Hershey Lord on July 9, 2014, entered an order
directing that the receiver remain in possession of the premises.

Xiangan Gong, Esq., at Xiangan Gong serves as the Debtor's counsel.


GREEN PLANET SERVICES: Case Summary & 6 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Green Planet Services, LLC
        212 26th St. #290
        Santa Monica, CA 90402

Case No.: 15-12317

Chapter 11 Petition Date: February 17, 2015

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Robert N. Kwan

Debtor's Counsel: Dana M Douglas, Esq.
                  DANA M. DOUGLAS ATTORNEY AT LAW
                  11024 Balboa Blvd #431
                  Granada Hills, CA 91344
                  Tel: 818-360-8295
                  Fax: 818-360-9852
                  Email: dmddouglas@hotmail.com
                         dana@danamdouglaslaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Diane Thomson-Mkitarian, managing
member.

A list of the Debtor's six largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb15-12317.pdf


GROUPE BIKINI: Intends to File Bankruptcy Proposal in Canada
------------------------------------------------------------
Groupe Bikini Village Inc. on Feb. 17 disclosed that it has filed a
notice of intention to make a proposal to its creditors in
accordance with the Bankruptcy and Insolvency Act (Canada).

PricewaterhouseCoopers Inc. has been retained as trustee. In
addition to its legal responsibilities, PWC will assist the
Corporation in making a proposal to its creditors, which will be
submitted to them at a meeting to be held at a date yet to be
determined.  In the meantime, the Corporation will benefit from a
stay with regards to debt payments and to any creditor proceeding.
With respect to its customers and employees, the Corporation
currently continues to operate in the ordinary course of business.
The Corporation thanks its customers, employees and suppliers for
their continued support through this difficult period for Canadian
retail.

                   About Groupe Bikini Village

Groupe Bikini Village inc. is a swimwear retailer with a network of
stores across Eastern Canada.  In its inviting stores, Bikini
Village helps its customers choose from among Canada's widest
selection of swimwear, beachwear, travel clothing and beach
accessories.  Headquartered in Sainte-Julie, Quebec, Groupe Bikini
Village operates 52 stores and employs approximately 400 people;
its securities trade on the TSX Venture Exchange under the stock
symbol GBV.


GT ADVANCED: Parties Agree to June 3 Exclusivity Extension
----------------------------------------------------------
GT Advanced Technologies Inc. and its affiliated debtors seek an
extension of (a) the period during which GTAT has the exclusive
right to propose and file a chapter 11 plan through June 30, 2015
and (b) the period during which GTAT has the exclusive right to
obtain acceptance of that plan through Aug. 31, 2015.

This is the first exclusivity periods' extension sought by GTAT.

The Debtors disclosed in a supplement to the Exclusivity Motion
that after the motion was filed, the Official Committee of
Unsecured Creditors and certain unaffiliated holders of notes
issued by GT represented by Akin Gump Strauss Hauer & Feld LLP
began discussions to ensure that the extension of the exclusive
periods would be approved on a fully consensual basis.  As a result
of those discussions, GTAT has agreed to reduce the requested
extension of the Exclusive Periods to 4 months, i.e., extending the
Exclusive Filing Period to June 3, 2015 and the Solicitation Period
to Aug. 4, 2015, without prejudice to GTAT's right to seek further
extension of the Exclusive Periods.  

                  About GT Advanced Technologies

Headquartered in Merrimack, New Hampshire, GT Advanced
Technologies Inc. -- http://www.gtat.com/-- produces materials and
equipment for the electronics industry.  On Nov. 4, 2013, GTAT
announced a multiyear supply deal with Apple Inc. to produce
sapphire glass material for use in consumer electronics products.

Under the deal, Apple would provide GTAT with a prepayment of
approximately $578 million paid in four installments and, starting
in 2015, GTAT would reimburse Apple for the prepayment over a
five-year period.

GT is a publicly held corporation whose stock was traded on NASDAQ
under the ticker symbol "GTAT."  GTAT was de-listed from the
NASDAQ stock exchange in October 2014.

As of June 28, 2014, the GTAT Group's unaudited and consolidated
financial statements reflected assets totaling $1.5 billion and
liabilities totaling $1.3 billion.  As of Sept. 29, 2014, GTAT had
$85 million in cash, $84 million of which is unencumbered.

On Oct. 6, 2014, GT Advanced Technologies and eight affiliates
filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. D.N.H. Lead Case No.
14-11916).  GT says that it has sought bankruptcy protection due to
a severe liquidity crisis brought about by its issues with Apple.

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.

The U.S. Trustee has named seven members to the Official Committee
of Unsecured Creditors.  The Committee' professionals are Kelley
Drye as its bankruptcy counsel; Devine, Millimet & Branch,
Professional Association as local counsel; EisnerAmper LLP as
financial advisors; and Houlihan Lokey Capital, Inc. as investment
banker.

GTAT has reached a settlement with Apple.  The settlement gives
Apple an approved claim for $439 million secured by more than
2,000 sapphire furnaces that GT Advanced owns and has four years to
sell, with proceeds going to Apple.  In addition, Apple gets
royalty-free, non-exclusive licenses for GTAT's technology.



HDGM ADVISORY: Hearing on Plan Outline Continued Indefinitely
-------------------------------------------------------------
U.S. Bankruptcy Judge James M. Carr continued to an undetermined
date, the hearing to consider adequacy of information in the
disclosure statement explaining HDGM Advisory Services, LLC, et
al.'s First Amended Joint Plan of Reorganization dated Nov. 11,
2014.

Judge Carr also vacated the status conference scheduled for
Feb. 23, 2015.

The hearing on the Debtors' Disclosure Statement may be reset by
motion of the Debtor(s) with guidance from objecting creditors as
to a proposed agreed hearing date.

As reported in the TCR on Jan. 5, 2015, at the hearing, the Court
will also consider the objection of GPIF-I Equity Co., LTD., GPIF-I
Finance Co., LTD, U.S. Securities and Exchange Commission; KFH
Capital Investment Company K.S.C.C., and Kuwait Finance House Real
Estate Company K.S.C.C.

                            Objections

Creditors KFH Capital Investment Company, K.S.C.C., formerly known
as Al-Muthanna Investment Company, and Kuwait Finance House Real
Estate Company K.S.C.C., formerly known as Nakheel United Real
Estate, had objected to the Disclosure Statement stating that the
Disclosure Statement must not be approved because the Amended Plan
is unconfirmable.  It attempts to force on unwilling creditors a
release of third parties in contravention of established Seventh
Circuit law.

KFH is a creditor holding a disputed claim of $98.1 million.

The SEC, in its objection to the approval of the Disclosure
Statement and confirmation of the First Amended Plan, submitted
that the Plan eliminates the Court appointed examiner and creates
an illegal post confirmation mechanism whereby the Debtors select
a purported "trustee" in whom they vest the Court's jurisdiction
to grant third party non-debtor releases and injunctions in favor
of unnamed individuals in violation of Section 524(e) of the
Bankruptcy Code. The mechanism is illegal, could impair the SEC's
law enforcement investigation, and impermissibly gives an
unidentified third party the "power" to grant non-debtors releases
from liability without further court order.

GPIF, in their objection, said that the Disclosure Statement fails
to provide adequate information regarding the unconfirmable Plan,
and therefore fails to meet the requirements of Section 1125.

                            The Plan

As reported in the TCR on Nov. 20, 2014, the Debtors determined
that liquidation of their assets was the preferred way to maximize
the asset value.   The most significant of the Debtors' assets
include litigation against third parties.  On the effective date of
the Plan, a trustee (who will manage the liquidation of the assets)
will be selected by mutual agreement by the examiner and the
Debtors.

According to the explanatory Disclosure Statement, secured
creditors are unimpaired under the Plan.  Unsecured creditors, as
well as holders of interests, of MAS and MISI are impaired and
entitled to vote on the Plan.

A copy of the Disclosure Statement is available for free at:

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

                  About HDGM Advisory Services

HDGM Advisory Services, LLC ("MAS") and HDG Mansur Investments
Services, Inc. ("MISI") invest in and develop real estate around
the world.  They also provided management and investment services
to real estate funds that were set up as an investment vehicle for
religious Muslims.  MISI developed Finzels Reach, a real estate
development in Bristol England.  MAS and MISI are directly
or indirectly owned by Harold D. Garrison, who is also a debtor in
possession in a separate chapter 11 case.

MAS and MISI sought Chapter 11 bankruptcy protection (Bankr. S.D.
Ind. Case No. 14-04797 and 14-04798) in Indianapolis, Indiana, on
May 21, 2014.  On May 28, 2014, the Hon. James M. Carr directed
the joint administration the cases, under the lead case -- HDGM
Advisory, Case No. 14-04797.

MAS disclosed $20.3 million in assets and $7.99 million in
liabilities as of the Chapter 11 filing.  MISI disclosed $20.4
million in assets and $12.4 million in liabilities.  According to a
court filing, the Debtors don't have any secured creditors.

The Debtors have tapped Michael W. Hile, Esq., Christine K.
Jacobson, Esq., and Henry Mestetsky, Esq., at Katz & Korin PC, as
counsel.

An affiliate of the Debtors, Hamilton Proper Partners Golf
Partnership, L.P., sought bankruptcy protection (Bankr. S.D. Ind.
Case No. 14-00461) on Jan. 24, 2014.



HDGM ADVISORY: Plan Solicitation Exclusivity Extended to May 16
----------------------------------------------------------------
U.S. Bankruptcy Judge James M. Carr extended until May 16, 2015,
the exclusive periods of HDGM Advisory Services, LLC, and HDG
Mansur Investment Services, Inc., to solicit acceptances of their
First Amended Joint Plan of Reorganization, as amended.

As reported in the TCR on Jan. 14, 2015, parties-in-interest U.S.
Securities and Exchange Commission objected to the Debtors' motion
to extend their exclusive solicitation period, noting that the
Debtors have not articulated any reason to support an extension of
exclusivity and they have not shown that they intend to modify the
Plan to address the SEC's objection to  the Debtors' Disclosure
Statement and confirmation of the Plan.

GPIF-I Equity Co., LTD. and GPIF-I Finance Co., LTD., in a separate
filing, said that the Debtors filed two plans, both of which are
hinged upon the grant of improper third-party releases of claims
against the Debtors' principal, Harold Garrison, to which the
Debtors' major creditors and the SEC had objected.

GPIF-I also said that the disclosure statement for the Amended Plan
is deficient in ways that cannot be cured, putting aside all of the
issues of whether the underlying Amended Plan may be confirmed.

                  About HDGM Advisory Services

HDGM Advisory Services, LLC ("MAS") and HDG Mansur Investments
Services, Inc. ("MISI") invest in and develop real estate around
the world.  They also provided management and investment services
to real estate funds that were set up as an investment vehicle for
religious Muslims.  MISI developed Finzels Reach, a real estate
development in Bristol England.  MAS and MISI are directly
or indirectly owned by Harold D. Garrison, who is also a debtor in
possession in a separate chapter 11 case.

MAS and MISI sought Chapter 11 bankruptcy protection (Bankr. S.D.
Ind. Case No. 14-04797 and 14-04798) in Indianapolis, Indiana, on
May 21, 2014.  On May 28, 2014, the Hon. James M. Carr directed
the joint administration the cases, under the lead case -- HDGM
Advisory, Case No. 14-04797.

MAS disclosed $20.3 million in assets and $7.99 million in
liabilities as of the Chapter 11 filing.  MISI disclosed $20.4
million in assets and $12.4 million in liabilities.  According to a
court filing, the Debtors don't have any secured creditors.

The Debtors have tapped Michael W. Hile, Esq., Christine K.
Jacobson, Esq., and Henry Mestetsky, Esq., at Katz & Korin PC, as
counsel.

An affiliate of the Debtors, Hamilton Proper Partners Golf
Partnership, L.P., sought bankruptcy protection (Bankr. S.D. Ind.
Case No. 14-00461) on Jan. 24, 2014.



INTELLECT NEUROSCIENCES: Incurs $543K Net Loss in Q4
----------------------------------------------------
Intellect Neurosciences Inc. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing a
net loss of $544,000 on $1.2 million of total revenue for the three
months ended Dec. 31, 2014, compared with a net loss of $2.13
million on $nil of total revenue for the same period during the
prior year.

The Company's balance sheet at Dec. 31, 2014, showed $1.26 million
in total assets, $25.4 million in total liabilities and total
capital deficit of $24.1 million.

The audit report prepared by the Company's independent registered
public accounting firm relating to its consolidated financial
statements for the year ended June 30, 2014 includes an explanatory
paragraph expressing 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/bP1Opm
                          
Intellect Neurosciences, Inc., a biopharmaceutical company,
discovers and develops therapeutic agents for the treatment and
prevention of neurodegenerative conditions.  Its product candidate
includes OX1 (VP 20629), an orally-administered, brain-penetrating,
and naturally-occurring copper-binding small molecule, which is in
Phase 1 study to Evaluate the safety, tolerability,
pharmacokinetics, and pharmacodynamics of oral VP 20629 in adult
subjects with friedreich's ataxia.  The company's preclinical
products comprise TauC3 for the treatment of Alzheimer's disease;
and CONJUMAB-A, an antibody drug conjugate for the treatment of
amyloidosis and other types of proteinopathies.  The company has a
research collaboration agreement with Medical Research Council
Technology, as well as license agreements with the University of
South Alabama Medical Science Foundation, New York University, AHP
Manufacturing BV, and Northwestern University.  Intellect
Neurosciences, Inc. was founded in 2005 and is based in Englewood
Cliffs, New Jersey.


INVERSIONES ALSACIA: Order Issued Clarifying Plan Provisions
------------------------------------------------------------
U.S. Bankruptcy Judge Martin Glenn issued an order clarifying the
provisions of Inversiones Alsacia S.A.'s confirmed plan,
specifically that when no Bloomberg-reported trading in the New
Notes occurs during a Relevant Trading Period, it is a reasonable
and acceptable interpretation of the Plan to use the
volume-weighted average prices of the Alsacia Notes during the most
recent trading period to determine the non-qualified holder
distribution.

Judge Glenn also ordered that following the fee hearing and after
the Reorganized Debtors' payment of fees approved:

   -- the Reorganized Debtors will proceed to file, on or before
March 31, 2015, any documents necessary to obtain entry of a final

decree and the closing of the above-captioned cases; and

   -- the Reorganized Debtors will promptly inform the Court of any
changes that affect the Documentation Filing Date along with an
updated Documentation Filing Date should the need arise.

Inversiones Alsacia S.A. on Dec. 17, 2015, announced the successful
completion of its restructuring process.  On Dec. 17, the effective
date of the prepackaged plan of reorganization, the
Company issued new 8.0% Senior Secured Notes due 2018 pursuant to
an Indenture, dated Dec. 17, 2014, by and among the Company, The
Bank of New York Mellon, as U.S. trustee, principal paying agent,
transfer agent and registrar, and Banco Santander Chile, as Chilean
trustee.  The New Notes was set to be issued on Dec. 17,
along with a cash payment in an amount equal to the interest
accruing from and including Oct. 1, 2014 through and excluding
today, the issue date of the New Notes, on the aggregate of: (a)
the principal amount of the Company's existing 8.0% Senior Secured
Notes due 2018 and (b) the accrued and unpaid interest thereon at
a rate of 8.0% per annum through and including September 30, 2014,
to qualified holders of the Existing Notes that tendered their
Existing Notes prior to December 11, 2014 in accordance with the
procedures described in the Plan and on two subsequent distribution
dates to qualified holders of the Existing Notes that
complete the procedures described in the Plan (including submitting
a Letter of Transmittal) prior to June 15, 2015.  Non-
qualified holders will receive certain cash payments, including
the Catch-Up Cash Payment, as further described in the Plan.  The
Plan was previously confirmed by the United States Bankruptcy
Court for the Southern District of New York on December 4, 2014.
As a result of the issuance of the Notes and the satisfaction of
the other conditions precedent in the Plan, the Effective Date has
occurred.

                        About Alsacia

Inversiones Alsacia, together with its affiliate, Express de
Santiago Uno S.A., are collectively the largest operator in the
Transantiago Transportation System, transporting approximately
800,000 passengers every day, throughout 35 communities in
Santiago, Chile, which accounts for more than 30% of the
passengers in Transantiago.  

Alsacia and Express belong to non-debtor Global Public Services
S.A. ("GPS Group"), an international holding company with
interests in public passenger transportation, environmental
solutions, outsourcing services and real estate development in
Chile, Colombia, Panama, Peru and the United States of America.
The GPS Group is controlled by Carlos Mario Rios Velilla and
Francisco Javier Rios Velilla and several of their affiliates.

Alsacia and Express and three affiliates sought bankruptcy
protection under Chapter 11 of the U.S. Bankruptcy Code in
Manhattan, New York (Bankr. S.D.N.Y.) on Oct. 16, 2014, with a
prepackaged plan that would restructure $347.3 million in senior
secured notes but leave other creditors and the owners unimpaired.
The cases are pending before the Honorable Martin Glenn and the
Debtors have requested that their cases be jointly administered
under Case No. 14-12896.

The Debtors have tapped Cleary Gottlieb Steen & Hamilton, LLP, as
bankruptcy counsel, FTI Consulting as financial advisor, and Prime
Clerk LLC as claims and balloting agent.

Inversiones Alsacia in December 2014 announced the successful
completion of its restructuring process.  The U.S. Bankruptcy
Court confirmed on Dec. 4, 2014, Alsacia's prepackaged plan of
reorganization.  The plan contemplates that the companies can
implement a planned exchange offer with holders of
$347.3 million in senior secured notes.



J.M. BARGES: Case Summary & Largest Unsecured Creditor
------------------------------------------------------
Debtor: J.M. Barges Corporation
        10 Bobwhite Crescent
        Mashpee, MA 02649

Case No.: 15-10533

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 17, 2015

Court: United States Bankruptcy Court
       District of Massachusetts (Boston)

Judge: Hon. William C. Hillman

Debtor's Counsel: Norman Novinsky, Esq.
                  NOVINSKY & ASSOCIATES
                  1350 Belmont Street, Suite 105
                  Brockton, MA 02301
                  Tel: (508) 559-1616
                  Fax: 508-587-3059
                  Email: nnovinsky@msn.com

Total Assets: $5.41 million

Total Liabilities: $2.03 million

The petition was signed by John M. Barges, president.

The Debtor listed William Barges as its largest unsecured creditor
holding a claim of $30,000.

A full-text copy of the petition is available at:

             http://bankrupt.com/misc/mab15-10533.pdf


KIOR INC: ESTEC Technology Says Case Conversion is Appropriate
--------------------------------------------------------------
The U.S. Bankruptcy Court will convene a hearing Feb. 19, 2015, at
2:00 p.m., to consider Mississippi Development Authority's motion
to dismiss the Chapter 11 case of KiOR Inc., or in the alternative,
convert the Debtor's case to one under Chapter 7 of the Bankruptcy
Code.

The hearing has been rescheduled from the Jan. 15 hearing.

The ESTEC Technology Works and Robert C. Dalton, which claim to
represent the offer with the greatest value for all assets of KiOR,
Inc., said that the Debtor's case must be converted.  ESTEC said
that the Debtor's case is work in progress and was filed in good
faith.  MDA's objections are unwarranted at this time, ESTEC tells
the Court.  They add that too much money under the loan to the
Debtor is being wasted on attorney and reorganization cost.

As reported in the TCR on Jan. 16, 2015, the Debtor and the
companies led by its lender, Vinod Khosla, are asking the
Bankruptcy Court to deny approval of the dismissal motion.

According to the Debtor, the sole motivation of the state of
Mississippi, through the MDA, is to destroy any going concern value
for the Debtor by terminating the employment of more than 70 people
in Houston, Texas, destroying valuable business relationships and
transactions, and forcing the abandonment of promising bio-fuel,
alternative energy technology that can deliver real hydrocarbon
transportation fuels from cellulosic feedstock.

The MDA, which said it is Kior's largest unsecured creditor, told
the Court that it wants the Chapter 11 case converted to
liquidation or dismissed entirely, saying the company has no
revenues, huge past and ongoing losses, relatively few tangible
assets, technology that doesn't work, and no viable business or
business plan.

                          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.



LAW LAND AND LEASING: Case Summary & 2 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Law Land and Leasing, Inc.
        P. O. Box 6456
        Charleston, WV 25302

Case No.: 15-20070

Nature of Business: Property Rental

Chapter 11 Petition Date: February 17, 2015

Court: United States Bankruptcy Court
       Southern District of West Virginia (Charleston)

Judge: Hon. Ronald G. Pearson

Debtor's Counsel: James M. Pierson, Esq.
                  PIERSON LEGAL SERVICES
                  PO Box 2291
                  Charleston, WV 25328
                  Tel: (304) 925-2400
                  Email: jpierson@piersonlegal.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $100,000 to $500,000

The petition was signed by Lewis R. Law, officer.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/wvsb15-20070.pdf


LOVE CULTURE: Stipulation Resolving Macerich DIP Objection Okayed
-----------------------------------------------------------------
U.S. Bankruptcy Judge Novalyn L. Winfield signed off a stipulation
and consent order between Love Culture Inc., and Macerich and
Company, landlord, regarding a resolution of Macerich's DIP
financing objection.

July 17, 2014, Court entered the interim order approving the Debtor
to obtain postpetition financing, use cash collateral.

On July 31, 2014, Macerich said in its objection that the existing
budget did not provide for the payment of postpetition rent for
July 2014 (stub rent).  Macerich and other landlords argued that
the lender must not receive the benefit of the use of the premises
without having to pay the obligations associated with that use; and
requested that the Court deny final financing approval unless the
lender agreed to eliminate the 11 U.S.C. Sec. 506(c) waiver, and
allow the Debtor to surcharge lender for the costs associated with
disposing of lender's collateral.  Macerich also recognized that a
motion to convert the case to a Chapter 7 case has been filed by
the Office of the U.S. Trustee, which the Debtor will likely not
oppose.

In response to the objection, the Debtor has advised Macerich that
the bankruptcy estate does not have the ability to pay allowed stub
rent administrative claim.

In this connection, the parties agreed to resolved the objection
through the stipulation that provides for:

   1. the landlord has an allowed claim for stub rent in the
aggregate amount of $100,000 for payment of stub rent for the
rejected leases; and

   2. as additional consideration for the landlord's withdrawal of
its objection with respect to postpetition financing, the
bankruptcy estate, and anyone claiming a right to proceed on its
behalf, waives any right to assert an avoidance or similar action
against the landlord, or its affiliates, to recover as payments
made to the landlord prior to the bankruptcy, including any rights
that may exist under Sections 544 , 547, 548, 549, 550,and 553 of
the Bankruptcy Code.

The Debtor is represented by:

         Eric H. Horn, Esq.
         LOWENSTEIN SANDLER LLP
         65 Livingston Avenue
         Roseland, NJ 07068
         Tel: (973) 597-2500
         Fax: (973) 597-2400

Macerich is represented by:

         Dustin P. Branch, Esq.
         2029 Century Park East, Suite 2600
         Los Angeles, CA 90067-3012
         Tel: (310) 788-4420
         Fax: (310) 712-8271

                      About Love Culture

Love Culture Inc. filed a Chapter 11 bankruptcy petition (Bankr.
D.N.J. Case No. 14-24508) on July 16, 2014.  J.E. Rick Bunka, the
chief restructuring officer, signed the petition.  Judge Novalyn L.
Winfield presides over the case.

Lowenstein Sander LLP acts as the Debtor's counsel.
PricewaterhouseCoopers LLP serves as the Debtor's financial
advisor.  Epiq Systems is the Debtor's claims and noticing agent.
Consensus Advisory Service LLC and Consensus Securities LLC is the
Debtor's investment banker.

On July 23, 2014, the U.S. Trustee for Region 3 appointed GGP
Limited Partnership, Simon Property Group Inc. and Washington Prime
Group Inc., The Macerich Co., Lux Design & Construction Limited,
and Touch Me Fashion Inc. to serve as members of the official
committee of unsecured creditors.  New York-based law firm Cooley,
LLP, serves as the committee's counsel.  FTI Consulting, Inc.,
serves as the Committee's financial advisors.

The Debtor reported $90.2 million in total assets, and
$63.05 million in total liabilities.



MARSHALL MEDICAL: Fitch Affirms 'BB+' Rating on $29.2MM Bonds
-------------------------------------------------------------
Fitch Ratings has affirmed the 'BB+' rating on these California
Health Facilities Financing Authority bonds, issued on behalf of
Marshall Medical Center (MMC):

   -- $29.2 million series 2004A fixed rate (insured: Cal-Mortgage

      Loan Insurance Division);

   -- $20 million series 2004B auction rate (insured: Ambac
      Assurance Corporation).

The rating on the series 2004A bonds is an underlying rating, and
the bonds are rated 'A' based on Cal Mortgage insurance.  MMC has
an additional $15.6 million fixed rate series 2012A bonds (insured:
Cal-Mortgage Loan Insurance Division) that has an insured only
rating of 'A'.

The Rating Outlook is Stable.

SECURITY

Debt payments are secured by a pledge of the gross revenues of the
obligated group and a mortgage lien.  There is a debt service
reserve fund.  The consolidated financials include a subsidiary, a
surgery center that is non-obligated.  The obligated group
accounted for 99.8% of total assets and 97.7% of total revenue of
the consolidated entity.  Fitch's analysis is based on the
consolidated entity.

KEY RATING DRIVERS

STRONG OPERATING PERFORMANCE: MMC'S operating performance is solid
for its rating level and assisted by the benefit of the state
provider fee program.  The provider fee program has been in place
since November 2009 (retroactive to April 2009) with various phases
and sunset dates with the most recent phase (Phase 4) running from
Jan. 1, 2014, to Dec. 31, 2016.  The funding from this program has
been uneven given the timing of CMS approval and part of the Phase
4 program just received approval in December 2014. Therefore the
amounts related to calendar year 2014 were not booked until
December 2014.  Operating margin was 0.3% in fiscal 2014 (Oct. 31
fiscal year end; draft audit), 2.6% in fiscal 2013 and 2% in fiscal
2012 compared to the BBB category median of 1.1%. Operating margin
was 21.8% through the two months ended Dec. 31, 2014.  The benefit
from the provider fee has been $12.8 million in fiscal 2012, $6.9
million in fiscal 2013, $1.3 million in fiscal 2014 and $7.1
million through the two months ended Dec. 31, 2014.

GOOD DEBT SERVICE COVERAGE: With strong operating performance and a
moderate debt burden, debt service coverage is good for the rating
level.  MADS coverage by EBITDA was 2.8x in fiscal 2014 compared to
3.1x the prior year.

MAJOR CAPITAL INVESTMENT COMPLETE: MMC opened a three-story
expansion in January 2013 with a new emergency room and is now
seismically compliant.  The total cost of the project was $59
million with $30 million funded from cash.   The average age of
plant improved to 10.8 years from 13.9 in fiscal 2012.  Routine
capital expenditures are only $2.5 million a year, but there may be
additional discretionary strategic projects that the organization
may invest in depending on available cash flow as management is
committed to rebuilding its balance sheet.

LIQUIDITY REMAINS LIGHT: As of Oct. 31, 2014, MMC had $33.4 million
in unrestricted cash and investments, equal to a light 62.2 days of
cash on hand, 5.9x cushion ratio, and 47.2% cash to debt but has
improved since the decline from funding half of its expansion
project from equity.

INITATIVES UNDERWAY TO ADDRESS REDUCED REIMBUSEMENT ENVIRONMENT:
MMC has been proactive in entering into new payer arrangements to
gain experience as the reimbursement model shifts more to value
based.  MMC is participating in bundled payments as well as
partnering with its largest insurer to provide a capitated
insurance product.

RATING SENSITIVITIES

LIQUIDITY GROWTH: If MMC maintains its good operating performance
and liquidity metrics improve in line with 'BBB' category medians,
upward rating movement would be likely.

Credit Profile

Marshall Medical Center (MMC) is located in Placerville, California
approximately 45 miles east of Sacramento, and operates a 113 bed
general acute-care community hospital and several clinics.  MMC
maintains a good market position in its service area with
competition mainly from Kaiser Permanente as well as other tertiary
providers in the Sacramento area.  In fiscal 2014 (draft audit),
MMC generated $208 million in total operating revenue.

Solid Operations

Operating income in fiscal 2014 was $552,000 and was lower than in
prior years ($5.5 million in fiscal 2013 and $4.2 million in fiscal
2012) due to less provider fee funds and meaningful use funds as
well as some reimbursement challenges with a MediCal managed care
program and a shift in traditional MediCal reimbursement to a DRG
basis.  Management has a clinical documenting initiative underway
and has renegotiated MediCal managed care rates.

MMC is not subject to the provider fee portion of the provider fee
program due to its rural designation, but does make pledge
payments, which are fairly minimal at around $300,000.  The benefit
from the Phase 4 program is expected to be $37 million over the
three year period (2014-2016), and is an increase from the original
estimate during Fitch's rating review last year of $21 million.  In
the two months ended Dec. 31, 2014, $7.1 million of this provider
fee funding is booked.  MMC has also benefited from meaningful use
funds which totaled $3 million in fiscal 2013 and $1.9 million in
fiscal 2014.

MMC's fiscal 2015 operating margin budget is 1.5% and includes $7.1
million of provider fee funds.  Fitch believes this budget will
easily be exceeded since MMC will be recognizing 22 months of the
provider fee program related to Phase 4 in fiscal 2015 given the
delay in approval from CMS.

Conservative Debt Profile

Total outstanding debt was $70.7 million as of Oct. 31, 2014 and
includes $29.175 million series 2004A fixed rate, $20 million
series 2004B auction rate, $15.56 million series 2012A fixed rate
and a USDA loan and capital leases.  All of the bonds are insured
by Cal Mortgage and MMC may refinance the series 2004 bonds for
interest rate savings.  Management stated that the auction rate
bonds have been setting at less than 1%. MADS is calculated at
$5.77 million.  The debt burden is moderate and MADS accounted for
2.7% of total revenue in fiscal 2014 compared to the BBB category
of 3.6%.

Disclosure

MMC provides quarterly and annual disclosure via the Municipal
Securities Rulemaking Board's EMMA System.  Annual disclosure is
provided within 120 days of fiscal year end; quarterly disclosure
is provided within 45 days of the first three quarters and 60 days
for the last quarter.



MEDICAL EDUCATIONAL: Puerto Rico Judge Keeps Injunction Order
-------------------------------------------------------------
Puerto Rico Bankruptcy Judge Brian K. Tester denied the request of
defendants Municipality of Mayaguez and Jose Guillermo Rodriguez to
set aside a prior court order; and defendant Mayaguez Medical
Center - Dr. Ramon Emeterio Betances, Inc.'s motion for
reconsideration and to vacate a preliminary injunction order issued
in the case, MEDICAL EDUCATIONAL AND HEALTH SERVICES INC,
Plaintiff(s), v. INDEPENDENT MUNICIPALITY OF MAYAGIEZ, ET ALS.,
Defendant(s), Adv. Proc. No. 10-00148 (Bankr. D. P.R.).

According to the Court's order, "Defendants MMC and the
Municipality offer no compelling facts or law in support of their
motions to vacate the court's Feb. 3, 2015 Preliminary Injunction
Order or its subsequent Feb. 6, 2015 Modified Preliminary
Injunction Order.  Rather, in disagreeing with this Court Feb. 3,
2015 Order, Defendants attempt to raise new arguments at
reconsideration to sway the courts findings. Debtor's arguments,
however, do not warrant reconsideration by this court.  To succeed,
motions pursuant to Fed. R. Civ. P. 59(e) must present newly
discovered evidence, an intervening change in the law, establish a
manifest error of law or demonstrate that it was clearly unjust.
MMC and the Municipality have not presented any controlling
jurisprudence that the court overlooked, nor met any of the
elements required for reconsideration, thus the Municipality's
Urgent Motion to Set Aside Order and MMC's Motion for
Reconsideration and to Vacate Preliminary Injunction are denied."

The case stems from a long-running dispute between the parties
regarding the administration of the Mayaguez Medical Center
Hospital facility pursuant to the Contract dated Aug. 27, 2009,
between MEDHS and the Municipality.

A copy of the Court's Feb. 12, 2015 Opinion and Order is available
at http://bit.ly/1G091wIfrom Leagle.com.

          About Medical Educational and Health Services

Headquartered in Mayaguez, Puerto-Rico, Medical Educational and
Health Services Inc. was created, specifically, to promote and
advance the establishment and operation of medical educational
facilities and institutions along the western areas of Puerto Rico.
The Company filed for Chapter 11 bankruptcy protection (Bankr.
D.P.R. Case No. 10-04905) on June 3, 2010.  The Company estimated
US$10 million to $50 million in assets and $1 million to US$10
million in liabilities.  The Debtor is represented by Rafael
Gonzalez Velez, Esq.


MEGA RV CORP: Plan Exclusivity Hearing Moved to March 9
-------------------------------------------------------
U.S. Bankruptcy Judge Mark S. Wallace approved a third stipulation
to continue the hearing on Mega RV Corp.'s motion to extend its
exclusivity period to March.

The stipulation was entered into between Mega RV, a California
corporation, dba McMahon's RV; dba McMahon's RV Irvine; dba
McMahon's RV Colton; and dba McMahon's RV Palm Desert, and the
Official Committee of Unsecured Creditors.

The stipulation provides that:

    * The hearing on Debtor's Exclusivity Motion is continued
      from Feb. 9, 2015 to March 9, 2015 at 2:00 p.m. in
      Courtroom 6C of the United States Bankruptcy Court
      located at 411 West Fourth Street, Santa Ana, CA 92701.

    * The Debtor's exclusivity period for filing a Disclosure
      Statement and Plan is extended to March 27, 2015, subject
      to the right to seek further extensions and the Committee's
      right to object to such request

                        About Mega RV Corp.

Mega RV Corp. filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Cal. Case No. 14-13770) on June 15, 2014.  Judge Mark S Wallace
presides over the case.  The Debtor estimated assets and
liabilities of at least $10 million.  Goe & Forsythe, LLP, serves
as the Debtor's counsel.  Greenberg Glusker Fields Claman &
Machtinger LLP represents the Official Committee of Unsecured
Creditors.



MILLER AUTO: Feb. 24 Hearing on Cash Collateral Use Stipulation
---------------------------------------------------------------
The U.S. Bankruptcy Court will convene a hearing on Feb. 24, 2015,
at 10:30 a.m., to consider approval of a stipulation relating to
Miller Auto Parts & Supply Company, Inc., et al.'s continued use of
cash collateral.

The stipulation entered among the Debtors, the Official Committee
of Unsecured Creditors and FCC, LLC doing business as First
Capital, provides for the continued use of cash collateral until
July 2015.  A copy of the proposed budget is available for free at
http://bankrupt.com/misc/MillerAuto_203_motioncashcollateral.pdf

On Oct. 3, 2014, the Court entered a final order authorizing (a)
secured postpetition financing from FCC; and (b) granting security
interest, superpriority claims, adequate protection; and (c) use
cash collateral.

As previously reported by TCR, as of the Petition Date, the Debtors
were indebted to First Capital of $11.2 million, inclusive of $2.5
million in reimbursement obligations for undrawn letters of credit,
contract interest, default interest, default charges, and fees,
costs and expenses.  The Debtors' obligations to First Capital are
secured by substantially all assets of the Debtors.

First Capital has agreed to provide DIP financing on these terms:

    * The Debtor will pay interest on the indebtedness at a rate
      equal to the sum of LIBOR (as published in WSJ) plus 4%,
      calculated on a 360 day per year basis, payable monthly in
      arrears.  Upon an event of default, the Debtor will pay
      interest on the indebtedness at a rate equal to the sum of
      LIBOR (as published in WSJ) plus 7%, calculated on a 360 day
      per year basis, payable monthly in arrears.

    * The only additional fee is a one-time DIP facility loan
      origination fee of $45,000, which will be fully earned upon
      entry of the Final DIP order.

    * The DIP Facility will mature on the occurrence of a
      "termination event".

    * The maximum loan limit under the DIP Facility is
      $18 million.

    * The DIP Lender is granted securities and liens, including a
      perfected first priority senior security interest in and
      lien upon all pre-and post-petition property of the Debtors,
      and the DIP indebtedness will have the highest
      administrative priority under Sec. 364(c)(1) of the
      Bankruptcy Code.

                   About Miller Auto Parts

Miller Auto Parts & Supply Company, Inc., and its affiliates are
distributors of automotive parts and service equipment.  The
companies operate from the Johnson Industries Inc.'s headquarters
in Atlanta, Georgia and have distribution operations in the
southeast, northeast and on-line.  The Southeastern distribution
center is located in Norcross, Georgia and supports nine satellite
centers across the state and supplies parts to key fleet customers
across the country.

Miller Auto Parts and its three subsidiaries sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga.) on Sept. 15, 2014.  The
Debtors have sought joint administration under Lead Case No.
14-68113.  The cases are assigned to Judge Mary Grace Diehl.

The Debtors have tapped Scroggins & Williamson as counsel and Logan
& Co. as claims and noticing agent.

The Court granted the Debtors until July 13, 2015, to file one or
more Chapter 11 plan(s).

The U.S. Trustee for Region 21 appointed three creditors of Miller
Auto Parts & Supply Company Inc. to serve on the official committee
of unsecured creditors.  The Committee selected Kane Russell
Coleman & Logan as its counsel.



MONROE HOSPITAL: Files Memorandum in Support of Liquidating Plan
----------------------------------------------------------------
In a memorandum of law in support of its Plan of Liquidation,
Monroe Hospital, LLC, tells the Bankruptcy Court that the Plan is
the culmination of the Debtor's successful sale of substantially
all of its assets, including the Hospital, to Prime Healthcare
Services - Monroe, LLC.

James R. Irving, Esq., at Bingham Greenbaum Doll LLP, explains that
the Sale was the product of years of marketing before the Petition
Date and an extensive marketing effort after the Petition
Date.  Further, the Sale provided valuable and significant
consideration to fund the liquidation of the Debtor's bankruptcy
estate under the terms set forth in the Plan.

Mr. Irving relates that the Plan is the result of extensive arm's
length negotiations among the Debtor, MPT Bloomington, LLC, MPT
Development Services, Inc., Prime, and other parties in interest.

The Plan is fair, equitable and maximizes the value for all
creditors.  Specifically, the Plan contemplates recoveries for the

holders of general unsecured claims who, absent an agreement among

the Debtor and MPT would not otherwise receive any distributions
at all.

Furthermore, Mr. Irving avers that the orderly wind-down of the
Debtor following the sale of its assets, as contemplated by the
Plan, is in the best interests of the Debtor, its bankruptcy estate
and its creditors.  In the Certification of UpShot Services LLC
regarding tabulation of votes in connection with Monroe Hospital,
LLC's Plan of Liquidation, 100% of the number of Claims
and 100% of the amount of Claims in Class 1 and 84% of the number
of Claims and 47% of the amount of Claims in Class 2 voted to
accept the Plan.  Although the Claims and Equity Interests in
Classes 2, 3 and 4 did not vote to accept the Plan, the Plan is
still confirmable under Section 1129(b) of the Bankruptcy Code
because it does not unfairly discriminate and is fair and
equitable.  There have been no timely objections to the Plan.

As evidenced by the Plan formulation process, the Plan voting
results, and the lack of significant substantive objections to the
Plan, Mr. Irving submits that the Plan is in the best interests of

holders of claims.  In addition, the Plan satisfies all of the
applicable requirements of the Bankruptcy Code.  As a result, the
Debtor requests that the Court confirm the Plan and enter the
Proposed Confirmation Order.

                        About Monroe Hospital

Monroe Hospital, LLC, since 2006, has operated a 32 licensed bed
private acute care medical surgical hospital in Bloomington,
Indiana.  It leases the land on which the hospital is located from
MPT Bloomington, LLC.

Monroe Hospital, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Ind. Case No. 14-07417) in Indianapolis, Indiana, on
Aug. 8, 2014.  Joseph Roche signed the petition as president and
chief executive officer.  In its schedules, the Debtor disclosed
$14.3 million in total assets and $136 million in liabilities.

The case is assigned to Judge James M. Carr.  The Debtor is
represented by attorneys at Bingham Greenebaum Doll LLP.  Upshot
Services LLC acts as the Debtor's noticing, claims and balloting
agent.



NATIVE WHOLESALE: Defaulted Under Plan, States Claim
----------------------------------------------------
The States of California, New York, and Oklahoma submitted a joint
motion for an order declaring Native Wholesale Supply Company in
default under the Debtor's confirmed plan of reorganization.

The States request that the Court require the Debtor to cure the
default by requiring the return of moneys paid in violation of the
provisions of Section 9.8(b) of the Plan; or determining that the
States and the United States may exercise their rights under
Section 9.16 of the Plan, establishing discovery deadlines, and
requiring the Debtor's case to remain open pending the Court's
resolution of the motion.

According to the States, as part of the confirmed Plan, the Debtor
paid existing judgments owed to Idaho and New Mexico.  It is
uncontroverted that, as of the Petition Date, the Debtor owed
substantial sums of money to the United States and, potentially, to
several of the States making the Motion and that amounts remained
unpaid as of the confirmation date.

              About Native Wholesale Supply Company

Native Wholesale Supply Company is engaged in the business of
importing cigarettes and other tobacco products from Canada and
selling them to third parties within the United States.  It
purchases the products from Grand River Enterprises Six Nations,
Ltd., a Canadian corporation and the Debtor's only secured
creditor.  Native is an entity organized under the Sac and Fox
Nation and has its principal place of business at 10955 Logan Road
in Perrysburg, New York.

Native filed for Chapter 11 bankruptcy (Bankr. W.D.N.Y. Case No.
11-14009) on Nov. 21, 2011.  The Chapter 11 filing was triggered to
resolve an ongoing dispute with the United States government
regarding up to $43 million in assessments made by the government
against the Debtor pursuant to the Fair and Equitable Tobacco
Reform Act of 2004 and the Tobacco Transition Payment Program and
to restructure the terms of payment of any obligation determined to
be owing by the Debtor to the U.S. under the Disputed Assessment.
The issues pertaining to the Disputed Assessment resulted in two
lawsuits, subsequently consolidated, now pending in the Federal
District Court.

Robert J. Feldman, Esq., and Janet G. Burhyte, Esq., at Gross,
Shuman, Brizdle & Gilfillan, P.C., in Buffalo, N.Y., represent the
Debtor as counsel.

The Company disclosed $30.02 million in assets and $70.6 million in
liabilities as of the Chapter 11 filing.

The States of California, New Mexico, Oklahoma and Idaho have
appeared in the case and are represented by Garry M. Graber, Esq.,
and Craig T. Lutterbein, Esq., at Hodgson Russ LLP, in Buffalo, New
York, and Karen Cordry, Esq., National Association of Attorneys
General, in Washington, D.C.

According to a Consensual Disclosure Statement for Joint Consensual
Plan of Reorganization of Native Wholesale, and the States dated
March 6, 2014, the Debtor established a Plan Funding Account at M&T
and deposited $5.5 million on Feb. 4, 2014, and an additional
$500,000 was deposited on Feb. 14, 2014.  An additional $500,000
will be deposited in the Plan Funding Account on each succeeding
15th day of each month (or the first business day after the 15th)
beginning in March 2014 until the Plan is confirmed.

No trustee, examiner or creditors' committee has been appointed in
the case.



NEW LOUISIANA: Committee Can Tap CBIZ as Financial Advisor
----------------------------------------------------------
The Official Committee of Unsecured Creditors of New Louisiana
Holdings LLC sought and obtained approval from the U.S. Bankruptcy
Court for the Western District of Louisiana of their application to
retain CBIZ Accounting, Tax & Advisory of New York, LLC, CBIZ
Valuation Group, LLC, and CBIZ KA Consulting Services, LLC, as its
financial advisors, nunc pro tunc to Dec. 22, 2014.

In its application, the Committee said it has attempted to fulfill
its fiduciary obligations to unsecured creditors without the
assistance of an independent financial advisor.  Although it
received some financial information from the Debtors, it has become
clear to the Committee that it must have its own financial advisor
to help it sort through the complex issues likely to be contested
at a confirmation hearing.

The Committee selected CBIZ because its professionals have
considerable experience in performing bankruptcy-related accounting
services and financial analyses.

The Committee has tapped CBIZ to provide, among other things, these
services:

   a. Assist the Committee in its evaluation of the Debtor's
      postpetition cash flow and/or other projections and budgets
      prepared by the Debtor or its financial advisor;

   b. Monitor the Debtor's activities regarding cash expenditures
      and general business operations subsequent to the filing of
      the petition under Chapter 11.

   c. Assist the Committee in its review of monthly operating
reports
      submitted by the Debtor or its financial advisor.

   d. Manager or assist with any investigation into the prepetition

     acts, conduct, transfers property, liabilities and financial

     condition of the Debtor, its management, or creditors,
     including the operation of the Debtor's businesses.

   e. Provide financial analysis related to the Debtor's use of
      cash collateral and any proposed DIP financing, including
      advising the Committee concerning such matters.

   f. Analyze transactions with vendors, insiders, related and/or
      affiliated entities, subsequent and prior to the date of the
      filing of the petition under Chapter 11.

   g. Assist the Committee or its counsel in any litigation
      proceedings against insiders and other potential
adversaries.

   h. Assist the Committee in its review of the financial aspects
      of any proposed merger agreement or evaluation any plan of
      reorganization/liquidation.  

The current hourly rates charged by CBIZ for professional services
are:

         Professional                       Hourly Rate
         ------------                       -----------
      Directors and Managing Directors     $420 to $725
      Managers and Senior Managers         $305 to $420
      Senior Associates and Staff          $150 to $335

CBIZ has agreed to cap the monthly fees billed for its services to
the Committee in the Chapter 11 cases as follows: CBIZ will not
bill more than $75,000 per month for each of the first three full
calendar months of its retention in the Chapter 11 cases, and CBIZ
will not bill more than $65,000 per month for each subsequent
month; provided, however, that if CBIZ bills less than the maximum
allowable amount in any particular month, the difference between
the maximum amount and the amount actually billed may be applied to
increase a subsequent month's maximum allowable amount.
Furthermore, if CBIZ bills in excess of the maximum allowable
amount in any particular month, the difference between the maximum
amount and the amount actually billed may be applied to any
subsequent month's amount if under the allowable amount.

Brian Ryniker, managing director of CBIZ, attests that CBIZ and its
employees are "disinterested persons" as that term is defined in
Section 101(14) of the Bankruptcy Code.

Mr. Ryniker disclosed that Eric Martin, a senior manager employed
by CBIZ NY performed CFO services for several of the Debtors named
within the petition.  Eric Martin will not perform any services, or
be involved in any way as a financial advisor in the Debtors'
Chapter 11 case.  Moreover, an ethical wall will be erected between
CBIZ NY and Eric Martin to avoid any passage of confidential
information or materials regarding the Debtors or this case between
the professionals of each entity.

                   About New Louisiana Holdings

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.  Jan M. Hayden and Baker
Donelson Bearman Caldwell & Berkowitz, P.C. serves as local
counsel.

The U.S. Trustee for Region 5 on Oct. 3, 2014, appointed three
creditors of New Louisiana Holdings, LLC, to serve on the official
committee of unsecured creditors.  Pepper Hamilton LLP and
McGlinchey Stafford PLLC serve as counsel to the Committee.



NEW LOUISIANA: Lakeland Wants CBA with United Food Approved
-----------------------------------------------------------
SA-Lakeland, LLC, doing business as Palm Terrace of Lakeland, asks
the Court to approve a collective bargaining agreement with United
Food and Commercial Workers Union Local 1625.

The CBA generally governs the employer-employee relationship
between Lakeland and Union members, and provides policies and
procedures related to employee schedules, training, benefits, paid
time off, working conditions, and employment disputes.  Subject to
Court approval, the CBA will take effect as of Dec. 17, 2014, and
continue until Dec. 31, 2015.

Under the CBA, Lakeland is required to provide medical, dental,
vision, and flexible spending account benefits to full-time
employees and their dependents after 60 days of employment, and
requires Lakeland to pay 100% of the premium cost of the coverage.

The CBA also contains a multi-step grievance and arbitration
process that is designed to facilitate the resolution of disputes,
grievances, or complaints between Lakeland and Union members.

The CBA also provides that employee grievances will first be
addressed to the employee's direct supervisor and, if they are not
resolved, presented "up the chain" to Lakeland's regional director
of human resources and the Union representatives.  Disputes that
cannot be resolved by agreement between the Union and Lakeland will
be submitted to binding arbitration according to the provisions of
the CBA.

A copy of the CBA is available for free at:

        http://bankrupt.com/misc/NEWLOUISIANA_497_cba.pdf

Lakeland and the Union have also entered into a side agreement
which provides incentives for the recruitment and retention of
qualified employees.  In general, the side agreement provides that
current employees can be paid an incentive of up to $1,000 for
referring a Certified Nursing Aide for employment with Lakeland.

Lakeland believes that the CBA and the Side agreement are an
important part of its operations and its ability to hire and retain
qualified employees.  

                   About New Louisiana Holdings

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.  Jan M. Hayden and Baker
Donelson Bearman Caldwell & Berkowitz, P.C. serves as local
counsel.

The U.S. Trustee for Region 5 on Oct. 3, 2014, appointed three
creditors of New Louisiana Holdings, LLC, to serve on the official
committee of unsecured creditors.  Pepper Hamilton LLP and
McGlinchey Stafford PLLC serve as counsel to the Committee.



OCULUS INNOVATIVE: Posts $5.91M Net Loss for Fourth Quarter
-----------------------------------------------------------
Oculus Innovative Sciences, Inc., filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q,
disclosing a net loss of $5.91 million on $3.22 million of total
revenues for the three months ended Dec. 31, 2014, compared with a
net loss of $611,000 on $3.29 million of total revenues for the
same period in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $11.83 million
in total assets, $4 million in total liabilities, and stockholders'
equity of $7.83 million.

Management believes that the Company has access to additional
capital resources through possible public or private equity
offerings, debt financings, corporate collaborations or other
means; however, the Company has not secured any commitment for new
financing at this time, nor can it provide any assurance that other
new financings will be available on commercially acceptable terms,
if needed.  If the Company is unable to secure additional capital,
it may be required to curtail its research and development
initiatives and take additional measures to reduce costs in order
to conserve its cash.  If the economic climate in the U.S.
deteriorates, the Company's ability to raise additional capital
could be negatively impacted.  If the Company is unable to secure
additional capital, it may be required to curtail its research and
development initiatives and take additional measures to reduce
costs in order to conserve its cash in amounts sufficient to
sustain operations and meet its obligations.  These measures could
cause significant delays in the Company's efforts to commercialize
its products, which is critical to the realization of its business
plan and the future operations of the Company.  These matters raise
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/x4rNZP
                          
                 About Oculus Innovative Sciences

Oculus Innovative Sciences, Inc. -- http://www.oculusis.com/--
develops, manufactures and markets a family of products intended
to significantly reduce the need for antibiotics as it prevents
and treats infections in chronic and acute wounds while
simultaneously enhancing wound healing through modes of action
unrelated to the treatment of infection.  Oculus Innovative
Sciences has two principal subsidiaries -- Oculus Technologies of
Mexico, S.A. de C.V., organized in Mexico, and Oculus Innovative
Sciences Netherlands, B.V., organized in the Netherlands.  On
January 20, 2009, the Company dissolved its subsidiary, Oculus
Innovative Sciences Japan, KK, organized under Japanese law.

The Company reported a net loss of $718,000 on $3.26 million of
total
revenues for the three months ended Sept. 30, 2014, compared with a

net loss of $1.4 million on $4.09 million of total revenues for the

same period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed $18.4 million

in total assets, $5.02 million in total liabilities,
and total stockholders' equity of $13.4 million.


OSHKOSH CORP: Moody's Assigns 'Ba3' Rating on New Sr. Unsec. Notes
------------------------------------------------------------------
Moody's Investors Service affirmed Oshkosh Corporation's Ba2
Corporate Family Rating and its Ba2-PD Probability of Default
Rating.  Concurrently, Moody's assigned a Ba3 rating to Oshkosh's
proposed senior unsecured notes offering.  The existing senior
unsecured debt ratings were affirmed at Ba3.  The ratings
affirmation reflects the company's low leverage, business
diversity, and Moody's expectation for ongoing conservative balance
sheet management.  The rating outlook remains stable.

Oshkosh plans to utilize the note proceeds to refinance the
redemption of its $250 million senior unsecured notes due 2020.
The transaction is modestly credit positive as it is anticipated to
moderately reduce interest expense and extend the company's
maturity profile.  Moody's expects to withdraw the rating on the
2020 notes once they are redeemed.

Moody's affirmed the following ratings on Oshkosh Corporation:

   -- Corporate Family Rating, Ba2;

   -- Probability of Default Rating, Ba2-PD;

   -- Senior Unsecured Regular Bond/Debenture Mar. 1, 2020, Ba3
      LGD5;

   -- Senior Unsecured Regular Bond/Debenture Mar. 1, 2022, Ba3
      LGD5;

   -- Speculative Grade Liquidity Rating, SGL-2.

Moody's assigned the following rating to Oshkosh Corporation:

   -- Senior Unsecured Regular Bond/Debenture, Ba3 LGD5.

   -- The outlook remains Stable.

Oshkosh's Ba2 CFR reflects the company's low leverage at
approximately 2 times and good EBITA to interest coverage of over 6
times.  Moreover, Moody's considers the impact from the contraction
in Oshkosh's defense business to be sufficiently predictable and
believes that the company's core businesses along with its balance
sheet are supportive of the Ba2 rating.  Moody's continues to
believe that Oshkosh will consider acquisitions in the future to
help offset the loss of revenue and profits from the contraction of
its defense business.  Moreover, the Ba2 CFR reflects the belief
that future acquisitions will not be so large as to transform the
company's balance sheet and materially pressure its credit quality.
The rating considers the company's significant reliance on profits
from its access equipment segment and incorporates the expectation
that other operating segments should improve as the economy
strengthens.  Moody's believes the company's MOVE strategy will
drive improved revenues, reduce costs, and diversify Oshkosh's
revenue stream.

Oshkosh's good market position in key end markets including access
equipment, defense and commercial trucks supports solid free cash
flow, although the company is exposed highly to cyclical customer
demand.  Moody's believes that Oshkosh will maintain a modest
leverage profile to provide flexibility to manage through economic
downturns.

The SGL-2 speculative grade liquidity rating reflects good
anticipated operating cash flow generation and existing cash
balances that provide good coverage of the modest required term
loan amortization and capital spending needs.  Moreover, additional
liquidity is available under the undrawn and recently upsized $850
million revolver due 2019 with ample covenant cushion.

The stable rating outlook reflects Moody's view that the company
will be able to improve its cash flows over the next two years
through the efficiency gains targeted in its MOVE strategy, and as
its underperforming businesses become more efficient and the
economy improves.

The rating is unlikely to be upgraded over the intermediate term
given the concentration of its operating profits from the access
business and the ongoing contraction of its defense operations.
For positive traction to be considered, a more diversified
profitability stream would be necessary including a track record of
positive EBITDA growth over a sustained period.  Moreover, if the
company chooses to grow through acquisitions, a clear strategy that
delineates its balance sheet and related targets would be necessary
to overcome the uncertainty surrounding additional acquisitions.

The ratings may be downgraded if liquidity deteriorates or if
debt-to-EBITDA leverage increases to over 3 times on a Moody's
adjusted basis and was anticipated to remain elevated.  A large
debt financed acquisition, or multiple mid-sized acquisitions,
could also pressure the ratings.  Any material weakness in its
access equipment segment could create ratings pressure given its
reliance on the business.

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.

Oshkosh Corporation (Oshkosh) is a leading designer, manufacturer
and marketer of a broad range of specialty vehicles and vehicle
bodies.  The company operates in four segments: access equipment,
defense, fire & emergency, and commercial (rear and front-discharge
concrete mixers and refuse collection vehicles as well as other
products for construction companies).  Revenues for the LTM period
ended Dec. 31, 2014 totaled approximately $6.6 billion.


OSHKOSH CORP: S&P Rates Proposed $250MM Sr. Unsecured Notes 'BB+'
-----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB+' rating to
Oshkosh, Wisc.-based Oshkosh Corp.'s proposed $250 million senior
unsecured notes due 2025.  The recovery rating on the notes is '4',
indicating S&P's expectation for average (30% to 50%) recovery in
the event of a payment default.  S&P's recovery expectations are in
the lower half of the 30% to 50% range. Oshkosh intends to use the
proceeds from the notes, along with available cash, to redeem its
outstanding $250 million unsecured notes due 2020.

S&P's 'BB+' corporate credit rating and stable outlook on Oshkosh
Corp. remain unchanged.  The corporate credit rating on Oshkosh
reflects its "fair" business risk profile and "intermediate"
financial risk profile.  The "fair" business risk profile reflects
the company's market-leading positions in most end markets, its
good scale and scope, as well as S&P's view that its profitability
is volatile and relatively low for a company in the capital goods
sector, despite recent improvement.  S&P believes Oshkosh's
financial policy, which includes targeted reported debt to EBITDA
of 1x to 2x, supports an "intermediate" financial risk profile
after accounting for the company's potential cash flow and leverage
volatility.

RATINGS LIST

Oshkosh Corp.
Corporate Credit Rating                      BB+/Stable/--

New Rating

Oshkosh Corp.
$250 Mil. Senior Unsec. Notes Due 2025       BB+
  Recovery Rating                             4



PANDA SHERMAN: S&P Affirms 'B' Rating & Changes Outlook to Stable
-----------------------------------------------------------------
Standard & Poor's Ratings Service said it revised its recovery
rating on Panda Sherman Power LLC to '2' from '3'.  S&P also
affirmed the project rating of 'B'.  The outlook is unchanged at
stable.

The improved recovery rating stems from several factors.  While S&P
anticipates that the ERCOT market will be relatively weak in 2015,
after several consecutive mild summers, the economics of this
market are more favorable in the long term, leading to a more
robust valuation of the project at default.  S&P now has more
visibility into upcoming environmental rules within that will
influence generators in Texas, including the Cross-State Air
Pollution Rule, the Regional Haze Rule, and, more distantly, the
Clean Power Plan.

The Sherman project, along with other combined-cycle gas turbines
in ERCOT, stands to benefit from these changes, yielding a robust
valuation of nearly $400 per kilowatt in a default scenario.  This
valuation is partially buttressed by its relative youth, compared
with other generators in the region.

The stable outlook on the debt ratings reflects S&P's view that the
project has sufficient liquidity during the construction phase.  It
also reflects S&P's expectation that the volatile cash flow will
still adequately cover debt service throughout the debt's tenor,
resulting in a minimum DSCR around 1x during the term loan B
period.



PITTSBURGH CORNING: Plan Appeal Ruling May Take Many Months
-----------------------------------------------------------
It will likely take many months for the Third Circuit Court of
Appeals to render its decision on the appeal from the Delaware
district court order affirming Pittsburgh Corning Corporation's
bankruptcy reorganization plan, according to information disclosed
in Corning Incorporated's Form 10-K Report for the fiscal year
ended Dec. 31, 2014.

Corning Inc. and PPG Industries, Inc. each own 50% of the capital
stock of Pittsburgh Corning Corporation.

Over a period of more than two decades, PCC and several other
defendants have been named in numerous lawsuits involving claims
alleging personal injury from exposure to asbestos.  On April 16,
2000, PCC filed for Chapter 11 reorganization in the U.S.
Bankruptcy Court for the Western District of Pennsylvania.  At the
time PCC filed for bankruptcy protection, there were approximately
11,800 claims pending against Corning in state court lawsuits
alleging various theories of liability based on exposure to PCC's
asbestos products and typically requesting monetary damages in
excess of one million dollars per claim.  Corning has defended
those claims on the basis of the separate corporate status of PCC
and the absence of any facts supporting claims of direct liability
arising from PCC's asbestos products.

Corning, with other relevant parties, has been involved in ongoing
efforts to develop a Plan of Reorganization that would resolve the
concerns and objections of the relevant courts and parties.  On
November 12, 2013, the Bankruptcy Court issued a decision finally
confirming an Amended PCC Plan of Reorganization.  On September 30,
2014, the United States District Court for the Western District of
Pennsylvania affirmed the Bankruptcy Court's decision confirming
the Amended PCC Plan.  On October 30, 2014, one of the objectors to
the Plan appealed the District Court's affirmation of the Plan to
the United States Court of Appeals for the Third Circuit, and that
appeal is currently being scheduled for briefing.  It will likely
take many months for the Third Circuit Court of Appeals to render
its decision.

Under the Plan as affirmed by the Bankruptcy Court and affirmed by
the District Court, Corning is required to contribute its equity
interests in PCC and Pittsburgh Corning Europe N.V. ("PCE"), a
Belgian corporation, and to contribute $290 million in a fixed
series of payments, recorded at present value.  Corning has the
option to use its shares rather than cash to make these payments,
but the liability is fixed by dollar value and not the number of
shares.  The Plan requires Corning to make: (1) one payment of $70
million one year from the date the Plan becomes effective and
certain conditions are met; and (2) five additional payments of $35
million, $50 million, $35 million, $50 million, and $50 million,
respectively, on each of the five subsequent anniversaries of the
first payment, the final payment of which is subject to reduction
based on the application of credits under certain circumstances.

In addition to the claims against Corning related to its ownership
interest in PCC, Corning is also the defendant in approximately
9,700 other cases (approximately 37,300 claims) alleging injuries
from asbestos related to its Corhart business and similar amounts
of monetary damages per case.  When PCC filed for bankruptcy
protection, the Court granted a preliminary injunction to suspend
all asbestos cases against PCC, PPG and Corning -- including these
non-PCC asbestos cases (the "stay").  The stay remains in place as
of the date of this filing.  Under the Bankruptcy Court's order
confirming the Amended PCC Plan, the stay will remain in place
until the Amended PCC Plan is finally affirmed by the District
Court and the Third Circuit Court of Appeals.  These non-PCC
asbestos cases have been covered by insurance without material
impact to Corning to date.  As of December 31, 2014, Corning had
received for these cases approximately $19 million in insurance
payments related to those claims.  If and when the Bankruptcy
Court's confirmation of the Amended PCC Plan is finally affirmed,
these non-PCC asbestos claims would be allowed to proceed against
Corning.  Corning has recorded in its estimated asbestos litigation
liability an additional $150 million for these and any future
non-PCC asbestos cases.

The liability for the Amended PCC Plan and the non-PCC asbestos
claims was estimated to be $681 million at December 31, 2014,
compared with an estimate of liability of $690 million at December
31, 2013.  The $681 million liability is comprised of $241 million
of the fair value of PCE, $290 million for the fixed series of
payments, and $150 million for the non-PCC asbestos litigation, all
referenced in the preceding paragraphs.  With respect to the PCE
liability, at December 31, 2014 and 2013, the fair value of $241
million and $250 million of our interest in PCE significantly
exceeded its carrying value of $162 million and $167 million,
respectively.  There have been no impairment indicators for our
investment in PCE and we continue to recognize equity earnings of
this affiliate.  At the time Corning recorded this liability, it
determined it lacked the ability to recover the carrying amount of
its investment in PCC and its investment was other than temporarily
impaired.  As a result, we reduced our investment in PCC to zero.
As the fair value in PCE is significantly higher than book value,
management believes that the risk of an additional loss in an
amount materially higher than the fair value of the liability is
remote.  With respect to the liability for other asbestos
litigation, the liability for non-PCC claims was estimated based
upon industry data for asbestos claims since Corning does not have
recent claim history due to the injunction issued by the Bankruptcy
Court.  The estimated liability represents the undiscounted
projection of claims and related legal fees over the next 20 years.
The amount may need to be adjusted in future periods as more data
becomes available; however, we cannot estimate any additional
losses at this time.  

For the years ended Dec. 31, 2014 and 2013, Corning recorded
asbestos litigation income of $9 million and expense of $19
million, respectively.  The entire obligation is classified as a
non-current liability, as installment payments for the cash portion
of the obligation are not planned to commence until more than 12
months after the Amended PCC Plan becomes effective and the PCE
portion of the obligation will be fulfilled through the direct
contribution of Corning's investment in PCE (currently recorded as
a non-current other equity method investment).

Several of Corning's insurers have commenced litigation in state
courts for a declaration of the rights and obligations of the
parties under insurance policies, including rights that may be
affected by the potential resolutions described above.  Corning is
vigorously contesting these cases, and management is unable to
predict the outcome of the litigation.


PLASCO ENERGY: Ontario Court Names Ernst & Young as Monitor
-----------------------------------------------------------
The Ontario Superior Court of Justice appointed Ernst & Young Inc.
as monitor in the proceedings of Plasco Energy Group Inc., Plasco
Trail Road Inc. and Plasco Ottawa Inc. under the Companies'
Creditors Arrangement Act pursuant to the order of the Court dated
Feb. 10, 2015 (Court File No. CV-1510869-00CL).

The initial order provides, among other things, for a stay of any
creditor actions or proceedings until March 11, 2015.  The stay
period may be extended by the Court from time to time.  The initial
order also prohibits the Company from making payments of amounts
relating to the supply of goods or services prior to Feb. 10, 2015,
other than payments to certain parties.

The monitor can be reached at:

  Ernst & Young Inc.
  99 Bank Street, Suite 1200
  Ottawa, ON K1P 6B9
  Tel: 1-844-941-1790.

Based in Ontario, Canada, Plasco Energy Group Inc. --
http://www.plascoenergygroup.com/-- is development stage
technology company that assist communities achieve their landfill
diversion and renewable energy goals.


PRIME TIME: Wants Court to Extend Plan Filing Deadline to Aug. 15
-----------------------------------------------------------------
Prime Time International Company and its debtor-affiliates ask the
U.S. Bankruptcy Court for the District of Arizona to further extend
their exclusive periods to:

  a) file a Chapter 11 plan of reorganization until Aug. 15, 2015;

     and

  b) solicit acceptances of that plan until Oct. 15, 2015.

The Debtors remind the Court that their current exclusive plan
filing deadline is set to expire on March 16, 2015, and the
exclusive solicitation deadline will expire on May 18, 2015.

According to the Debtors, on Nov. 13, 2014, the Court authorized
the sale of substantially all of the Debtors' assets.  Since
approval of the sale, the Debtors have worked to satisfy all
closing conditions, including the issuance of licenses.  The
Debtors relate they are working with the various regulatory bodies
and have not received any negative feedback.  However, processing
the various applications is pending and the Debtors likely will not
have all licenses transferred or reissued by March 16, 2015.  

In order to allow the Debtor to proceed toward closing and then
wind-up its Chapter 11 cases in an orderly fashion, the Debtors
request that the Exclusivity Periods be extended.  Their lender,
and approved buyer, is supportive of the extension, the Debtors
note.

The Court has yet to set a hearing date and time to consider the
Debtors' extension request.

                   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.


PWK TIMBELAND: Plan Outline Hearing Continued Until March 19
------------------------------------------------------------
The U.S. Bankruptcy Court continued until March 19, 2015, at
10:30 a.m., the hearing to consider adequacy of information in the
Amended Disclosure Statement explaining the Chapter 11 filed by PWK
Timberland, LLC.

                       About PWK Timberland

Lake Charles, Louisiana-based PWK Timberland LLC sought Chapter 11
protection (Bankr. W.D. La. Case No. 13-20242) on March 22, 2013.
Gerald J. Casey, Esq., serves as counsel to the Debtor.  The Debtor
disclosed $15 million in assets and $1.79 million in liabilities as
of the Chapter 11 filing.

The Debtor has filed a first amended plan of reorganization and
explanatory disclosure statement.   A copy of the First Amended
Disclosure Statement dated April 30, 2014, is available for free
at http://bankrupt.com/misc/PWKTIMBERLAND_1stAmdDS.PDF

As reported in the Dec. 11, 2013 edition of the Troubled Company
Reporter, PWK Timberland's Plan provides that all allowed claims
will be satisfied in full.  The Plan contemplates (i) that the
unsecured claims of former members are unimpaired; (ii) the Debtor
does not believe there are any general unsecured creditors but if
there are, they will be paid in full on the Effective Date; and
(iii) equity holders agreed to forgo any payments under the plan
until all impaired creditors have been paid in according to the
terms of the Plan.



QUALITY LEASE: Authorized to Access $300K Revolving Note
--------------------------------------------------------
U.S. Bankruptcy Judge David R. Jones authorized Quality Lease and
Rental Holdings, LLC, to obtain $300,000 of financing in the form
of a revolving credit note.

Walter J. Cicack, Esq., at Hawash Meade Gaston Neese & Cicack LLP,

in Houston, representing the Debtors, relates that the Debtors and

Main Street Capital Corporation, as agent for lenders Main Street
Equity Interests, Inc. and MSCII Equity Interests, LLC, have agreed
to extend the Cash Collateral Order.  However, the Debtors'
cash is currently insufficient to pay the current expenses
contemplated in the budget, including payroll.  Accordingly, the
Debtors will require an additional funds to pay the shortfall.

The Main Street Lenders, the Debtors' senior secured lenders, have

agreed to provide unsecured DIP financing in connection with a
Revolving Credit Note of up to $300,000 to cover the projected
shortfall.  The Revolving Credit Note will be allowed as an
administrative expense pursuant to 11 U.S.C. Sec. 503(b).

According to Mr. Cicack, the funds from the Revolving Credit Note
will be used to help fund the Debtors' operations for the next few

months while the Debtors formulate a Chapter 11 plan.  The Debtors

anticipate confirming a plan of reorganization prior to the
maturity of the Revolving Credit Note.  Without the Revolving
Credit Note, the Debtors may not be unable to fully continue
operations.

The material terms of the Revolving Credit Note are as follows:

A. Revolving Credit Amount: up to $300,000

B. Interest Rate: 8%

F. Maturity Date: Note comes due on the earlier (a) June 15, 2015;

   (b) the effective date of a plan of reorganization or
   arrangement in the Chapter 11 Case; or (c) conversion of the
   case to a Chapter 7.

G. Collateral/lien: None

H. Treatment/priority: Administrative expense under 11 U.S.C. Sec.

   503(b) or 507(b), subject only to administrative fees and
   expenses of professionals allowed under Section 327 of the
   Bankruptcy Code and US Trustee Fees.

I. Additional Adequate Protection: None

J. Prepayment: Borrowers may from time to time prepay all or any
   portion of the outstanding principal balance of this Note
   without premium or penalty and without further approval of the
   Bankruptcy Court.

The Debtors believe that they have business justification for
entering into the Revolving Credit Note in order to ensure that
future operations are funded.  The Debtors are unable to obtain
alternative financing on reasonable terms with short notice.  
Further, the terms of the Revolving Credit Note are favorable and
it is unlikely that better terms could otherwise be negotiated.

Mr. Cicack submits that the Debtors will suffer irreparable harm
if the Motion is not immediately considered as it does not have
the funds to pay immediate expenses.  There is little harm to
general unsecured creditors under this agreement since the secured

lender already has a first lien on substantially all of the
Debtors' assets. Thus, if the Debtors cannot fund operations, they

will have to cease operating and Main Street Lenders will seek to
enforce its remedies in its collateral subject to its liens,
leaving nothing for unsecured creditors.  Accordingly, emergency
consideration of this motion is required.

              About Quality Lease and Rental Holdings

Quality Lease and Rental Holdings, LLC, doing business as Rocaceia
Energy Services, sought bankruptcy protection in Victoria, Texas
(Bankr. S.D. Tex. Case No. 14-60074) on Oct. 1, 2014.

Related entities Quality Lease Rental Service, LLC, Quality Lease
Service, LLC, and Rocaceia, LLC also sought bankruptcy protection
(Case Nos. 14-60075 to 14-60077).

The cases are assigned to Judge David R Jones.

The Debtors have tapped Walter J. Cicack, Esq., at Hawash Meade
Gaston Neese & Cicack LLP, in Houston, as counsel.

The U.S. Trustee for Region 7 was unable to solicit sufficient
interest to form a committee that will represent unsecured
creditors of the Debtors.



QUEST FOUR: Case Summary & Largest Unsecured Creditor
-----------------------------------------------------
Debtor: Quest Four, L.L.C.
        180 Mayo Road
        Edgewater, MD 21037

Case No.: 15-12179

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 17, 2015

Court: United States Bankruptcy Court
       District of Maryland (Baltimore)

Judge: Hon. James F. Schneider

Debtor's Counsel: Richard M. McGill, Esq.
                  MCGILL & WOOLERY
                  PO Box 358
                  5303 West Court Dr.
                  Upper Marlboro, MD 20773
                  Tel: (301) 627-5222
                  Email: mcgillrm@aol.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $0 to $50,000

The petition was signed by Blake D. Paulson, vice president.

The Debtor listed Anne Arundel County as its largest unsecured
creditor holding an unknown amount of claim for realty property
taxes owed.

A copy of the petition is available for free at:

              http://bankrupt.com/misc/mdb15-12179.pdf


REED AND BARTON: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Reed and Barton Corporation
           fka Reed and Barton Silversmiths
           fka Reed and Barton Silversmith
           aka Reed & Barton Corporation
        144 West Britannia Street
        Taunton, MA 02780

Case No.: 15-10534

Type of Business: Designer and distributor of silverware and
                  tableware, along with flatware, crystal
                  drinkware, picture frames, ornaments, and baby
                  giftware.

Chapter 11 Petition Date: February 17, 2015

Court: United States Bankruptcy Court
       District of Massachusetts (Boston)

Judge: Hon. Henry J. Boroff

Debtor's Counsel: John J. Monaghan, Esq.
                  HOLLAND & KNIGHT LLP
                  10 St. James Avenue
                  Boston, MA 02116
                  Tel: (617) 523-2700
                  Email: bos-bankruptcy@hklaw.com
                         john.monaghan@hklaw.com

Debtor's          KEIGHTLEY & ASHNER LLP
Special
ERISA
Counsel:

Debtor's          ETHAN E. KRA ACTUARIAL SERVICES LLC
Actuarial
Consultant:

Debtor's          FINANCO, LLC
Investment
Banker:

Debtor's          VERDOLINO & LOWEY, P.C.
Accountant:

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Timothy K. Riddle, president.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
41 Madison L.P.                    Prepetition lease    $31,194
                                   obligations

B & J Manufacturing Corp.          Goods/services       $10,270
                                   provided

CBIZ Tofias                        Goods/services       $13,000
                                   provided

Crystal Bohemia, A.S.              Goods/services       $20,742
                                   provided

Division of Ecological             Contribution         $85,000
Restoration                        regarding River
                                   Mill Dam
                                   restoration

G.B.G. S.r.l.                      Goods/services       $11,697
                                   provided

Key Container Corp.                Goods/services       $13,112
                                   provided

Krebel, Loretta                    Supplementary        Unknown
                                   Executive
                                   Retirement Plan

LeachGarner                        Goods/services       $15,739
                                   provided


MA Dept. of Environmental          Environmental       $500,000
Protection                         cleanup and
1 Winter Street                    restoration
Boston, MA 02108

Pension Benefit Guaranty Corp.     Underfunded      $18,000,000
1200 K Street, N.W.                contribution
Washington, DC 20005               liability

Rolf Glass                         Goods/services       $30,037
                                   provided

Rosse and Associates               Goods/services       $16,337
                                   provided

SEORIM VIETNAM Company, Ltd.       Goods/services      $966,240
Plot D14-1, Road No 5              provided
Long Binh Industrial Zone
Bien Hoa City, Dong Nai Prov.
Vietnam

Sung Jin (Hongkong) Limited        Goods/services       $25,711
                                   provided

Terry, Charles                     Supplementary
                                   Executive            Unknown
                                   Retirement Plan

Wacker Industrial Co. Ltd.         Goods/services       $56,240
                                   provided

Winko Internatonal Products        Goods/services       $87,336
Limited                            provided

Woodmax Ky Industries Corp.        Goods/services      $266,344
3F, No. 91 Ta Shun 1st             provided
Road
Kaohsiung City, 813
Taiwan R.O.C.

Wynne, Paula                       Goods/services        $8,628
                                   provided


REVEL AC: ACR, BNY Appeal Final DIP Financing Order
---------------------------------------------------
ACR Energy Partners, LLC, and The Bank of New York Mellon as
trustee, creditors in the Chapter 11 cases of Revel Ac, Inc., et
al., took an appeal of the Bankruptcy Court's final order
authorizing the Debtors to:

   i) obtain postpetition financing consisting of a senior secured
priming superpriority revolving credit facility, with Wells Fargo
Bank, N.A., as administrative agent and collateral agent, Wells
Fargo Bank, N.A., as letter of credit issuer and Wells Fargo
Principal Lending, LLC, and other lenders from time to time party
thereto;

  ii) grant senior priming liens and superpriority claims to
postpetition lenders; and

iii) use cash collateral.

ACR Energy is also appealing the Court's Jan. 30 order granting
Wells Fargo's motion to strike the objection to the Debtor's motion
for DIP Financing.

                           DIP Financing

The Wells Fargo-led lenders have agreed to extend credit.  The
Debtors would use the funds to continue operations and to
administer and preserve the value of their estates pending the
consummation of a proposed sale of all or substantially all of the
Debtors' assets and property.

As adequate protection from any diminution value of the lender's
collateral, the Debtor will grant the DIP Secured Parties
replacement liens, a superpriority administrative claim status,
subject to carve out on certain expenses.

Subject to the terms and conditions of the final DIP order, the DIP
Borrower is authorized to borrow money and incur letter of credit
reimbursement obligations under the DIP Facility up to
an aggregate principal amount of $71 million.  The DIP Guarantors
are authorized to unconditionally guarantee, on a joint and several
basis, repayment of the DIP obligations.

A copy of the Financing Order is available for free at:

       http://bankrupt.com/misc/REVELAC_1236_financingord.pdf

ACR Energy is represented by:

       Stuart M. Brown, Esq.
       Timothy J. Lowry, Esq.
       Richard Chesley, Esq.
       DLA PIPER LLP (US)
       17 Gordon's Alley, Suite 100
       Atlantic City, NJ 08401
       Tel: (609) 449-7000

BoNY Mellon is represented by:

       Amy Caton, Esq.
       P. Bradley O'Neill, Esq.
       Stephen Zide, Esq.
       KRAMER LEVIN NAFTALIS & FRANKEL LLP
       1177 Avenue of the Americas
       New York, NY 10036
       Tel: (212) 715-9100
       Fax: (212) 715-8000

       Edward P. Zujkowski, Esq.
       Thomas A. Pitta, Esq.
       EMMET, MARVIN & MARTIN, LLP
       120 Broadway, 32nd Floor
       New York, NY 10271

            - and -

       177 Madison Avenue
       Morristown, NJ 07960
       Tel: (212) 238-3000
       Fax: (212) 238-3100

                          About Revel AC

Revel AC, Inc. -- http://www.revelresorts.com/-- owns and operates
Revel, a Las Vegas-style, beachfront entertainment resort and
casino located on the Boardwalk in the south inlet of Atlantic
City, New Jersey.  Revel AC Inc. and five of its affiliates sought
bankruptcy protection (Bankr. D.N.J. Lead Case No. 14-22654) on
June 19, 2014, to pursue a quick sale of the assets.

The Chapter 11 cases are assigned to Judge Gloria M. Burns.  The
Debtors' Chapter 11 cases are jointly consolidated for procedural
purposes.

Revel AC estimated assets ranging from $500 million to $1 billion,
and the same amount of liabilities.

White & Case, LLP, and Fox Rothschild, LLP, serve as the Debtors'
Counsel, and Moelis & Company, LLC, is the investment banker.  The
Debtors' solicitation and claims agent is Alixpartners, LLP.

The prepetition first lenders are represented by Cadwalader,
Wickersham & Taft LLP.  The prepetition second lien lenders are
represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP.  The
DIP agent is represented by Milbank, Tweed, Hadley & McCloy LLP.

This is Revel AC's second trip to bankruptcy.  The company first
sought bankruptcy protection (Bankr. D.N.J. Lead Case No. 13-16253)
on March 25, 2013, with a prepackaged plan that reduced debt by
$1.25 billion.  Less than two months later on May 15, 2013, the
2013 Plan was confirmed and became effective on May 21, 2013.



REVEL AC: Committee's Counsel Now Known as Cole Schotz P.C.
-----------------------------------------------------------
Counsel for the the Official Committee of Unsecured Creditors in
the Chapter 11 case of Revel AC, Inc., et al., Cole, Schotz,
Meisel, Forman & Leonard, P.A. changed its name to Cole Schotz
P.C., effective as of Jan. 22, 2015.

The firm said that its lawyers' addresses, telephone and facsimile
numbers have not been affected by the change.

The firm can be reached at:

         Michael D. Sirota, Esq.
         Warren A. Usatine, Esq.
         Ryan T. Jareck, Esq.
         COLE SCHOTZ P.C.
         Court Plaza North
         25 Main Street
         P.O. Box 800
         Hackensack, NJ 07602-0800
         Tel: (201) 489-3000
         Fax: (201) 489-1536

                          About Revel AC

Revel AC, Inc. -- http://www.revelresorts.com/-- owns and operates

Revel, a Las Vegas-style, beachfront entertainment resort and
casino located on the Boardwalk in the south inlet of Atlantic
City, New Jersey.

Revel AC Inc. and five of its affiliates sought bankruptcy
protection (Bankr. D.N.J. Lead Case No. 14-22654) on June 19,
2014, to pursue a quick sale of the assets.

The Chapter 11 cases are assigned to Judge Gloria M. Burns.  The
Debtors' Chapter 11 cases are jointly consolidated for procedural
purposes.

Revel AC estimated assets ranging from $500 million to $1 billion,
and the same amount of liabilities.

White & Case, LLP, and Fox Rothschild, LLP, serve as the Debtors'
Counsel, and Moelis & Company, LLC, is the investment banker.  The
Debtors' solicitation and claims agent is Alixpartners, LLP.

The prepetition first lenders are represented by Cadwalader,
Wickersham & Taft LLP.  The prepetition second lien lenders are
represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP.  The
DIP agent is represented by Milbank, Tweed, Hadley & McCloy LLP.

This is Revel AC's second trip to bankruptcy.  The company first
sought bankruptcy protection (Bankr. D.N.J. Lead Case No. 13-16253)
on March 25, 2013, with a prepackaged plan that reduced debt by
$1.25 billion.  Less than two months later on May 15, 2013, the
2013 Plan was confirmed and became effective on May 21, 2013.


REVEL AC: Court Sets Solicitation Deadline to April 30
------------------------------------------------------
The Hon. Gloria M. Burns of the U.S. Bankruptcy Court for the
District of New Jersey extended the exclusive solicitation period
of Revel AC Inc. and its debtor-affiliates until April 30, 2015.

                          About Revel AC

Revel AC, Inc. -- http://www.revelresorts.com/-- owns and operates
Revel, a Las Vegas-style, beachfront entertainment resort and
casino located on the Boardwalk in the south inlet of Atlantic
City, New Jersey.

Revel AC Inc. and five of its affiliates sought bankruptcy
protection (Bankr. D.N.J. Lead Case No. 14-22654) on June 19, 2014,
to pursue a quick sale of the assets.

The Chapter 11 cases are assigned to Judge Gloria M. Burns.  The
Debtors' Chapter 11 cases are jointly consolidated for procedural
purposes.

Revel AC estimated assets ranging from $500 million to $1 billion,
and the same amount of liabilities.

White & Case, LLP, and Fox Rothschild, LLP, serve as the Debtors'
Counsel, and Moelis & Company, LLC, is the investment banker.  The
Debtors' solicitation and claims agent is Alixpartners, LLP.

The prepetition first lenders are represented by Cadwalader,
Wickersham & Taft LLP.  The prepetition second lien lenders are
represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP.  The
DIP agent is represented by Milbank, Tweed, Hadley & McCloy LLP.

This is Revel AC's second trip to bankruptcy.  The company first
sought bankruptcy protection (Bankr. D.N.J. Lead Case No. 13-16253)
on March 25, 2013, with a prepackaged plan that reduced debt by
$1.25 billion.  Less than two months later on May 15, 2013, the
2013 Plan was confirmed and became effective on May 21, 2013.


REVEL AC: Plan Exclusivity Extended Until April 30
--------------------------------------------------
The U.S. Bankruptcy Court entered an order extending until April
30, 2015, the exclusive period of Revel AC, Inc., et al.,  to
solicit acceptances for a chapter 11 plan or plans of
reorganization.

                          About Revel AC

Revel AC, Inc. -- http://www.revelresorts.com/-- owns and operates
Revel, a Las Vegas-style, beachfront entertainment resort and
casino located on the Boardwalk in the south inlet of Atlantic
City, New Jersey.

Revel AC Inc. and five of its affiliates sought bankruptcy
protection (Bankr. D.N.J. Lead Case No. 14-22654) on June 19, 2014,
to pursue a quick sale of the assets.

The Chapter 11 cases are assigned to Judge Gloria M. Burns.  The
Debtors' Chapter 11 cases are jointly consolidated for procedural
purposes.

Revel AC estimated assets ranging from $500 million to $1 billion,
and the same amount of liabilities.

White & Case, LLP, and Fox Rothschild, LLP, serve as the Debtors'
Counsel, and Moelis & Company, LLC, is the investment banker.  The
Debtors' solicitation and claims agent is Alixpartners, LLP.

The prepetition first lenders are represented by Cadwalader,
Wickersham & Taft LLP.  The prepetition second lien lenders are
represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP.  The
DIP agent is represented by Milbank, Tweed, Hadley & McCloy LLP.

This is Revel AC's second trip to bankruptcy.  The company first
sought bankruptcy protection (Bankr. D.N.J. Lead Case No.
13-16253) on March 25, 2013, with a prepackaged plan that reduced
debt by $1.25 billion.  Less than two months later on May 15, 2013,
the 2013 Plan was confirmed and became effective on May 21, 2013.



REX VENTURE: Court Certifies Defendant Class in Clawback Suit
-------------------------------------------------------------
District Judge Graham C. Mullen in Charlotte, North Carolina,
granted the request of Kenneth D. Bell, the court-appointed
Receiver for Rex Venture Group, LLC d/b/a ZeekRewards.com, to
certify a Defendant class in a class action complaint comprised of
all persons or entities who were so-called "Net Winners" of more
than $1,000 in ZeekRewards.

The Receiver initiated a "clawback" litigation, alleging as
follows: Paul Burks, the owner and former top executive of RVG, and
other management insiders used RVG in their operation of a massive
Ponzi and pyramid scheme through ZeekRewards from at least January
2011 until August 2012.  More than 700,000 participants lost over
$700 million dollars in the scheme.  Burks and the management
insiders used ZeekRewards to promise substantial payouts and
outsize returns to all participants, but few actually benefitted.
Those who did benefit were paid not with profits from a legitimate
retail operation, but rather from money paid in by later investors
in the scheme.  The largest "net winners" (those who received more
money from ZeekRewards than they paid in) each received well over a
million dollars, and many others received hundreds of thousands of
dollars.

On August 17, 2012, the Securities and Exchange Commission filed an
action in District Court, Securities and Exchange Commission v. Rex
Venture Group, LLC d/b/a ZeekRewards.com and Paul Burks, Civil
Action No. 3:12cv519, to obtain injunctive and monetary relief
against Paul Burks, shut down the ZeekRewards Ponzi and pyramid
scheme, freeze RVG's assets, and seek appointment of a receiver for
RVG. That same date, in the Agreed Order Appointing Temporary
Receiver and Freezing Assets of Defendant Rex Venture Group, LLC,
this Court appointed Kenneth D. Bell as the Receiver over the
assets, rights, and all other interests of the estate of Rex
Venture Group, LLC, d/b/a www.ZeekRewards.com and its subsidiaries
and any businesses or business names under which it does business.
The Order further directed Mr. Bell as RVG's Receiver to institute
actions and legal proceedings seeking the avoidance of fraudulent
transfers, disgorgement of profits, imposition of constructive
trusts, and any other legal and equitable relief that the Receiver
deems necessary and appropriate to preserve and recover RVG's
assets for the benefit of the Receivership Estate.

The Complaint alleges that the vast majority of the ZeekRewards
winners' money came from ZeekRewards losers rather than legitimate
business profits.  At least $845 million was paid in to
ZeekRewards, of which no more than $6.3 million (less than 1%) came
from retail bid purchases by non-participants. In total, the
ZeekRewards database records show that over 92% of the money paid
in to ZeekRewards came from Net Losers rather than Net Winners, and
ZeekRewards' Net Winners received over $283 million in net
winnings.

The Receiver alleges that because ZeekRewards' Net Winners "won"
(the victims') money in an unlawful combined Ponzi and pyramid
scheme, the Net Winners are not permitted to keep their winnings
and must return the fraudulently transferred winnings to the
Receiver for distribution to ZeekRewards' victims. The Receiver
filed this "clawback" action on February 28, 2014, asserting claims
of relief against approximately 9,400 Net Winners for: (1)
Fraudulent Transfer of RVG Funds in Violation of the North Carolina
Uniform Fraudulent Transfer Act; (2) Common Law Fraudulent
Transfer; and (3) Constructive Trust.

The case is, KENNETH D. BELL, in his capacity as a court-appointed
Receiver for Rex Venture Group, LLC d/b/a ZeekRewards.com,
Plaintiff, v. TODD DISNER, in his individual capacity and in his
Capacity as trustee for Kestrel Spendthrift Trust; TRUDY GILMOND;
TRUDY GILMOND, LLC; JERRY NAPIER; DARREN MILLER; RHONDA GATES;
DAVID SORRELLS; INNOVATION MARKETING, LLC; AARON ANDREWS; SHARA
ANDREWS; GLOBAL INTERNET FORMULA, INC; T. LEMONT SILVER; KAREN
SILVER; MICHAEL VAN LEEUWEN; DURANT BROCKETT; DAVID KETTNER; MARY
KETTNER; P.A.W.S. CAPITAL MANAGEMENT LLC; LORI JEAN WEBBER; and a
Defendant Class of Net Winners in ZEEKREWARDS.COM, Defendants, No.
3:14CV91 (W.D.N.C.).  A copy of the Court's February 10, 2015 Order
is available at http://bit.ly/1zmrG17from Leagle.com.

Kenneth D. Bell is represented by:

     Irving M. Brenner, Esq.
     Matthew E. Orso, Esq.
     McGUIREWOODS LLP
     201 North Tryon Street, Suite 3000
     Charlotte, NC 28202-2146
     Tel: +1 704 343 2075
     Fax: +1 704 343 2300
     E-mail: ibrenner@mcguirewoods.com
             morso@mcguirewoods.com


SALTON SEA: S&P Lowers Rating on $285MM Bonds Due 2018 to 'B'
-------------------------------------------------------------
Standard & Poor's Ratings Services lowered its rating to 'B' from
'BB-' on Salton Sea Funding Corp.'s (SSFC) $285 million senior
bonds due 2018 ($69.1 million outstanding as of Dec. 31, 2014). The
recovery rating remains unchanged at '1'.  The outlook is negative.
At the same time, S&P lowered its rating to 'CCC' from 'B-' on
holding company CE Generation LLC's (CE Gen) $400 million secured
bonds due 2018 ($122.9 million outstanding as of Dec. 31, 2014).
The recovery rating remains unchanged at '2'.  The outlook is
negative.

"The rating action on the SSFC senior secured debt issue credit
rating reflects our view of SSFC's weaker projected financial
performance resulting from the downward revisions of our U.S.
natural gas price deck and our subsequent reduction of projected
short-run avoided cost power prices paid to the project," said
Standard & Poor's credit analyst Tony Bettinelli.

"The rating action on the CE Gen senior secured rating reflects our
view of larger cash deficits, estimated at about $30 million per
year, resulting from our anticipation of no distributions from
subsidiary SSFC given SSFC's weaker projected financial performance
and inability to meet its distribution test ratio of 1.5x," Mr.
Bettinelli added.

The negative outlook on the SSFC rating reflects S&P's uncertainty
about SSFC's project cash flows resulting from the timing and costs
associated with production improvements at the project.  The
negative outlook on the CE Gen rating reflects S&P's anticipation
that CE Gen will have insufficient cash flows through maturity to
service debt as a result of the lockup test at SSFC.



SAMSON RESOURCES: S&P Lowers CCR to 'CCC+'; Outlook Negative
------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Tulsa, Okla.-based Samson Resources Corp. to 'CCC+' from
'B-'.  The outlook is negative.

At the same time, S&P lowered its rating on Samson's revolving
credit facility to 'B' (two notches above the corporate credit
rating) from 'B+'.  The recovery rating on this debt remains '1',
indicating S&P's expectation of very high (90% to 100%) recovery in
the event of a payment default.  S&P also lowered its rating on
Samson's second-lien debt to 'CCC+' (the same as the corporate
credit rating) from 'B-'.  The recovery rating on this debt remains
'4', indicating S&P's expectation of average (30% to 50%) recovery
in the event of a payment default.  S&P also lowered its rating on
subsidiary Samson Investment Co.'s unsecured notes to 'CCC-' (two
notches below the corporate credit rating) from 'CCC'. The recovery
rating on this debt remains '6', indicating S&P's expectation of
negligible (0% to 10%) recovery in the event of a payment default.


S&P also removed the ratings from CreditWatch, where they were
placed with negative implications on Dec. 19, 2014.

Samson Investment Co. is a subsidiary of Samson Resources and a
borrower of these debt instruments.

The downgrade on Samson reflects S&P's view of the company's
unsustainably high leverage measures and "less than adequate"
liquidity position.  While the company is looking to sell assets,
S&P believes it could face difficulty in realizing sufficient
proceeds to address liquidity and leverage issues, given the weak
commodity price environment.

The ratings on Samson also reflect the company's significant
exposure to weak natural gas prices, below-average profitability
measures, and private equity ownership.  The ratings also reflect
the company's medium size and scale, and large resource acreage
positions.  Standard & Poor's considers Samson's business risk
"weak," and its financial risk "highly leveraged."  S&P assess
Samson's liquidity to be "less than adequate."  S&P do not believe
the company has the ability to absorb low-probability adversities
and does not have a satisfactory standing in credit markets.

The negative outlook reflects S&P's expectation that Samson's
liquidity could deteriorate over the next 12 months.

S&P could lower the ratings if liquidity further deteriorates
beyond current levels, if the company is unable to meet its
obligations or if S&P felt the company would restructure its debt.

S&P would consider revising the outlook to stable if the company
improves its liquidity (most likely through asset sales).



SCIO DIAMOND: Minimal Revenue Raises Going Concern Doubt
--------------------------------------------------------
Scio Diamond Technology Corporation filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q,
disclosing a net loss of $1.32 million on $109,400 of net revenue
for the three months ended Dec. 31, 2014, compared to a net loss of
$865,000 on $344,000 of net revenue for the same period in the
prior year.

The Company's balance sheet at Dec. 31, 2014, showed $12.5 million
in total assets, $3.38 million in total liabilities, and total
capital equity of $9.1 million.

The Company has generated little revenue to date and consequently
its operations are subject to all risks inherent in the
establishment and commercial launch of a new business enterprise.
These factors raise substantial doubt about the Company's ability
to continue as a going concern, according to the regulatory
filing.

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

                       http://is.gd/Z9pURk

Scio Diamond Technology Corporation aims to develop a profitable
yet sustainable commercial production of diamond materials for
industrial, technology and consumer applications.  The Company's
diamond materials are currently being used for precision cutting
devices and gemstones.  The Company is based in Greenville, South
Carolina.



SELIX FORMALWEAR: Goes Into Chapter 7, Closes Stores
----------------------------------------------------
Michael Finney at abc7news.com reports that Selix Acquisition LLC,
dba Selix Formalwear, closed all of its six stores on Feb. 16,
2015, leaving 40 workers without jobs.  Katie Marzullo at
abc7news.com relates that the Company informed its stores and
workers of its closure Thursday last week.

abc7news.com recalls that the Selix owners had filed for Chapter 11
bankruptcy in November 2014, but when they couldn't find a new
buyer, they went into Chapter 7.

The owners wanted to save the business, but "there was too much
competition from big chain stores and online sales," abc7news.com
states, citing Jerrold K. Guben, Esq., at O'Connor Playdon & Guben
LLP, the attorney for the Company.

The Company asked the U.S. Bankruptcy Court for the District of
Hawaii on Feb. 13, 2015, to appoint a trustee to take over the
operations and liquidation of Selix Formalwear.

Mr. Guben said in a statement posted on the Company's Web site, "We
expect the bankruptcy court to appoint the trustee as early as
Wednesday of this week.  However, in the meantime, Selix has the
names of those parties who have made deposits.  But if you would
like to file a claim or seek reimbursement, you may write to the
following: Clerk of the United States Bankrupcty Court 1132 Bishop
Street, Suite 250L Honolulu, HI 96813.  The following notice of
your claim should include on the letter to the Court.  This claim
pertains to the following case: Selix Acquisition LLC, Case No.
14-01588.  While there is no way that Selix Formalwear can tell how
quickly this claim can be processed, it is best that the claims
request process be started as quickly as possible."

Mr. Guben can be reached at:

      PLAYDON & GUBEN LLP
      733 Bishop Street, 24th Floor
      Honolulu, HI 96813-4070
      Tel: +1(808) 524-8350

Formal wear company Selix Acquisition LLC, dba Selix Formalwear,
has fitted Bay Area men with tuxedos for the past 109 years.



SHOTWELL LANDFILL: Wants to Deposit $100K for Landfill Expansion
----------------------------------------------------------------
Shotwell Landfill Inc. and its debtor-affiliates ask the U.S.
Bankruptcy Court for the Eastern District of Carolina for authority
to deposit $100,0000 with Lexon Insurance Company and Bond
Safeguard Insurance Company in order to execute a bond needed for
expansion and operation of a landfill pursuant to a collateral
trust agreement.

A full-text copy of the collateral trust agreement is available for
free at http://is.gd/YvAxa3

                      About Shotwell Landfill

Raleigh, North Carolina-based Shotwell Landfill, Inc., and its
affiliates filed Chapter 11 bankruptcy petitions (Bankr. E.D.N.C.
Lead Case No. 13-02590) in Wilson on April 19, 2013.

Blake P. Barnard, Esq., William P. Janvier, Esq., and Samantha Y.
Moore, Esq., at the Janvier Law Firm, PLLC, in Raleigh, N.C.,
serve as the Debtors' counsel.  William W. Pollock, Esq., at
Ragsdale Liggett PLLC, in Raleigh, N.C., is the special counsel.

Shotwell Landfill appointed Doug Gurkins as restructuring officer.

Shotwell, in its amended schedules, disclosed $23.2 million in
assets and $10.05 million in liabilities.

                           *     *     *

Judge Stephani W. Humrickhouse has terminated the exclusivity
period within which the affiliate debtors of Shotwell Landfill
Inc., may file a chapter 11 plan and disclosure statement.  On
August 25, 2014, secured creditor LSCG Fund 18, LLC, filed with
the Bankruptcy Court a Second Amended Consolidated Chapter 11 Plan
of Liquidation for Shotwell Landfill et al.  The Plan states that
the Debtors' creditors are best served if the landfill located at
4724 Smithfield Road, Wendell, North Carolina 27591, and all of
the Debtors' property are managed, marketed, and liquidated.
Within six months of the confirmation date (or at a later time as
a liquidation trustee will determine only after consultation and
approval by LSCG and the Unsecured Creditors' Committee), the
Liquidation Trustee will conduct an auction of the property,
including the Landfill.


SILICON GENESIS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Silicon Genesis Corporation
        2424 Walsh Avenue
        Santa Clara, CA 95051-1303

Case No.: 15-50525

Chapter 11 Petition Date: February 17, 2015

Court: United States Bankruptcy Court
       Northern District of California (San Jose)

Judge: Hon. Elaine Hammond

Debtor's Counsel: Kevin W. Coleman, Esq.
                  SCHNADER HARRISON SEGAL AND LEWIS LLP
                  650 California St. 19th Fl.
                  San Francisco, CA 94108
                  Tel: (415) 364-6700
                  Email: kcoleman@schnader.com
                         sobrien@schnader.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Theodore E. Fong, president and CEO.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
ACIP International, Inc.                                 $956

Air Products & Chemicals, Inc.                         $2,210

Alston & Bird, LLP                                    $35,807

AT&T Ethernet                                          $4,034

Beijing East IP Ltd.                                   $1,575

California State Board of Equalization                   $186

Datasafe, Inc.                                         $1,183

Home Dept, The                                           $556

J.D. Molex One, LLC                                  $180,000

JB Precision, Inc.                                     $1,763

Landauer, Inc.                                           $326

Mathys & Squire LLP                                    $2,285

Oh, Back & Hahm (Patents-Korea)                        $1,546

PG&E                                                   $1,087

Republic Services, Inc.                                $3,451

Shred Works, Inc.                                        $261

Stearn Reseach Center                                  $4,182

W2 Systems                                             $8,557

Wilson Gunn                                              $877

Yamakawa International Patent Office                  $11,272


SILICON GENESIS: Deadline for Filing Claims on June 9
-----------------------------------------------------
Silicon Genesis Corporation filed a bare-bones Chapter 11
bankruptcy petition (Bankr. N.D. Cal. Case No. 15-50525) in San
Jose, California, on Feb. 17, 2015.  The case is assigned to Judge
M. Elaine Hammond.

The deadline for filing proofs of claim is June 9, 2015.

The 11 U.S.C. Sec. 341(a) meeting of creditors is slated for March
11, 2015.

Kevin W. Coleman, Esq., at Schnader Harrison Segal and Lewis LLP,
in San Francisco, California, serves as counsel.

The Debtor estimated $10 million to $50 million in assets and $1
million to $10 million in debt.



SILVERADO STREET: Sect. 341(a) Meeting Continued to March 3
-----------------------------------------------------------
The meeting of creditors in the bankruptcy case of Silverado
Street, LLC, has been continued to March 3, 2015 at 9:00 a.m.  The
meeting will be held at 402 W. Broadway, Emerald Plaza Building,
Suite 660 (B), Hearing Room B, in San Diego, California.

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.

Silverado Street, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Cal. Case No. 14-09543) on Dec. 9, 2014, disclosing
$11.3 million in total liabilities and total assets of $21.8
million.  The petition was signed by Amr Aljassim as managing
member.  James Lee, Esq., at Legal Offices of James J. Lee, serves
as the Debtor's counsel.  Judge Christopher B. Latham presides
over the case.



STATE FISH: DeLuca Opposes Bid to Assume Avant Deal
---------------------------------------------------
Creditor and equity interest holder John Michael DeLuca submitted
an opposition to the motion of State Fish Co., Inc., for a final
order assuming the Debtor's agreement with Avant Advisory Group and
approving George Blanco's appointment as chief restructuring
officer.  

Alexandre Ian Cornelius, Esq., at Costell & Cornelius Law
Corporation, counsel to John DeLuca, asserts that Mr. Blanco was
not properly hired, does not need to be under 11 U.S.C. Sec. 327
and Avant is not "disinterested" because he is an officer of the
Debtor, an insider under Section 101(31) and at the same time, a
manager and partner of a consulting company, Avant, which was hired
under a prepetition contract which is subject to assumption or
rejection under Section 365 of the Bankruptcy Code.

Mr. Cornelius contends that the whole corporate structure urged
upon the Court is an artifice designed to leave the DeLuca sisters,
Vanessa DeLuca, Janet Esposito and Roseann DeLuca, in control of
the Debtor (but without any corresponding fiduciary duties) and in
order to avoid the outright dismissal of this sham bankruptcy
petition or the appointment of a Chapter 11 Trustee.  

Mr. Cornelius adds that "Over the course of almost a decade of
litigation, the DeLuca Sisters were willing to maintain status quo
as the company's operations so long as those operations worked to
their own personal benefit, but on the eve of a judgment being
entered against them, the DeLuca Sisters have precipitated a
self-created purported 'emergency need' for a CRO to restructure
their debts.  There is no actual 'emergency,' and the Motion lacks
credibility when it argues that an alternative CRO cannot be hired
because such a CRO 'lacks a similar understanding of the Debtors'
business and restructuring goals' and there would be a 'steep
learning curve' for any alternative CRO (or, presumably a Chapter
11 trustee).  This case has been pending for less than two weeks
and the CRO was allegedly hired only weeks ago."

"What is clear is that the DeLuca sisters are trying to avoid the
impact of The State Court's imminent ruling against them, which
would cause them to lose control of the company they have abused
for their own personal benefit at the expense of its minority
shareholders.  The 'insolvency' and 'restructuring' needs are a
sham.  It is simply a subterfuge to avoid judgment.  There is no
evidence that the Debtors were not meeting their debts as they came
due," Mr. Cornelius said.

"In fact, the DeLuca Sisters have, in effect, attempted to select
their own Chapter 11 Trustee by illegally retaining consultants who
are meant to be running the Debtor without any of the controls or
duties that a Chapter 11 Trustee has to the Court and the creditor
body.  While Mr. Blanco and Avant may be qualified consultants, the
Court need not approve this artifice and manipulation of the
Bankruptcy Code just so the DeLuca Sisters can maintain control.
And there is no doubt that they remain in control because the power
to hire and fire is the ultimate control and they purport to be
able to vote out their alleged independent directors (who are
neither independent nor directors because their appointment was an
illegal artifice an because they were selected by the DeLuca
Sisters and serve at their pleasure), reelect themselves, pressure
the alleged independent directors and, as the evidence shows, all
the while continue to work at the Debtor on a daily basis.  The
Court need not countenance this self-serving manipulation," Mr.
Cornelius maintains.

A copy of the objection is available for free at:

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

Attorneys for John Deluca are:

   COSTELL & CORNELIUS LAW CORP.
   Jeffrey Lee Costell
   Alexandre Ian Cornelius
   Lewis B. Adelson
   1299 Ocean Avenue, Suite 450
   Santa Monica, CA 90401
   Tel No: (310) 458-5959
   Fax No: (310) 458-7959
   Email: acornelius@costell-law.com

      -- and --

   VAKILI & LEUS LLP
   Sa'id Vakili, Esq.
   3701 Wilshire Boulevard, Suite 1135
   Los Angeles, California 90010-2822
   Tel No: (213) 380-6010
   Fax No: (213) 380-6051
   Email: vakili@vakili.com

      -- and --

   LAW OFFICES OF JOHN A SCHLAFF
   John A. Schlaff, Esq.
   2355 Westwood Boulevard, Suite 424
   Los Angeles, California 90064-2109
   Tel No: (310) 474-2627
   Fax No: (310) 362-8883
   Email: john.schlawff@gmail.com

                         About State Fish

State Fish Co., Inc., was founded in 1932 and began as a small
local wholesale fish buyer in California.  Under the leadership of
Sam DeLuca, State Fish expanded from a small fresh fish company to
an internationally-known import and export company operating its
own processing and cold store facilities near the Port of Los
Angeles. Calpack Foods, LLC, a wholly owned subsidiary, was formed
in April 2012 to produce high quality food and beverage products.

State Fish and Calpack Foods filed voluntary Chapter 11 bankruptcy
petitions (C.D. Cal. Lead Case No. 15-11084) on Jan. 26, 2015,
amid a family dispute and liquidity woes brought by declining fish
catches.  

The Hon. Sandra R. Klein presides over the jointly administered
cases.  Amir Gamliel, Esq., and Alan D Smith, Esq., at Perkins
Coie LLP, serve as the Debtors' counsel.  George Blanco, at Avant
Advisory Group, acts as chief restructuring officer.

State Fish disclosed $34,868,772 in assets and $10,084,671 in
liabilities as of the bankruptcy filing.


SUPERIOR AIR: Suit Against Kubler Remanded to Texas State Court
---------------------------------------------------------------
Dallas District Judge Sidney A. Fitzwater remanded to the 191st
Judicial District Court, Dallas County, Texas, the case captioned
as, SUPERIOR AIR PARTS, INC., et al., Plaintiffs, v. BRUNO KUBLER,
IN HIS CAPACITY AS INSOLVENCY ADMINISTRATOR OF THIELERT AIRCRAFT
ENGINES GMBH, et al., Defendants, v. TECHNIFY MOTORS GmbH,
Intervenor, Civil Action No. 3:14-CV-3492-D (N.D. Tex.).

The District Court concludes that it lacks subject matter
jurisdiction.

This is a suit brought by Superior Air Parts, Weifang Freesky
Aviation Technology Co., Ltd., and Superior Aviation Beijing Co.,
Ltd. against Bruno Kubler and Thielert Aircraft Engines GmbH in
Texas state court and removed to the District court based on
diversity of citizenship and 28 U.S.C. Sec. 1334(b).  Technify
Motors GmbH is the intervenor.

Superior is a Texas corporation with its principal place in
business in Dallas County, Texas.  FreeSky is a business entity
organized under the laws of the People's Republic of China, with
its principal place of business in China.  SAB, who is the
successor-in-interest to FreeSky with respect to Superior's stock,
is a business entity organized under the laws of the People's
Republic of China, with its principal place of business in China.

Dr. Kubler is a German citizen.  TAE is a corporation organized
under the laws of the Republic of Germany, with its principal place
of business in Germany.

Superior, FreeSky, and SAB allege claims against Dr. Kubler and TAE
for misappropriation of trade secrets, breach of contract, breach
of fiduciary duty, conversion, unfair competition by
misappropriation, violation of Tex. Penal Code Ann. Sections 31.03
and 31.05 (West 2011), unjust enrichment, promissory estoppel, and
statutory fraud arising from defendants' alleged misuse and
retention of certain intellectual property related to aircraft
parts.

A copy of the District Court's Feb. 11, 2015  Memorandum Opinion
and Order is available at http://bit.ly/1zmDjoSfrom Leagle.com.

                        About Superior Air

Superior Air Parts, Inc. is a Texas corporation with its offices
and operating facilities located in Coppell, Dallas County, Texas.
It was founded in 1967 in order to supply the United States Air
Force and commercial customers with replacement parts for piston
powered aircraft engines.  Superior is one of the largest
suppliers of parts under Federal Aviation Administration's  Parts
Manufacturer Approval regulations for piston engines.  It provides
Superior-brand parts for engines created by two primary original
equipment manufacturers, the Continental division of Teledyne,
Inc. and the Lycoming division of Textron Inc. Its customers are
companies that perform maintenance and overhaul work in the
general aviation industry.  Superior is also an OEM for the 180-
horsepower Vantage Engine and owner-built XM-360 engines for
various aircraft companies.

In 2006, 100% of the ownership interests of Superior was acquired
by Thielert, AG, a German corporation based out of Hamburg,
Germany. Also in 2006, Thielert purchased the debt of Superior's
senior secured lender and subordinated lenders secured by
substantially all of the Debtor's assets.

Superior Air Parts filed for Chapter 11 protection (Bankr. N.D.
Tex., Case No. 08-36705) on Dec. 31, 2008.  Judge Barbara J. Houser
handled the case.  The Debtor's counsel is Stephen A. Roberts,
Esq., at Strasburger & Price, LLP, in Austin Texas.  In its
bankruptcy petition, the Debtor estimated assets and debts of $10
million to $50 million each.

The Debtor's Third Amended Plan of Reorganization, filed jointly
by the Debtor and the Official Committee of Unsecured Creditors,
was confirmed by Order entered on Aug. 27, 2009.  Essentially,
creditors were paid, the stock of the reorganized Superior was
sold to the Brantly Group, and Superior's pre-bankruptcy equity
interests were cancelled.  The Plan went effective on Sept. 28,
2009.  After a series of claims objections and professional fee
applications were determined, Superior filed its application for a
final decree, which was granted on Sept. 23, 2010, and Superior's
bankruptcy case was closed.



TARGET CANADA: Court Names A&M and Koskie Minsky as Representative
------------------------------------------------------------------
The Ontario Superior Court of Justice has appointed Alvarez &
Marsal Canada Inc. as monitor in Target Canada et al.'s Companies'
Creditors Arrangement Act proceeding, and Koskie Minsky LLP as
representative counsel of all Target employees in the proceedings.

In addition, the Ontario Court also appointed Frederick Payette,
Sylvie Gautier, Jennifer Lindsay, Catherine Bedard, Michael O'Neil,
Alyssa Morin and Joshua Gordon as representatives in the
proceedings and any related insolvency proceedings for all
employees of Target Canada.  Individuals who wished to be
represented by the firms must provide a notice in writing to:

a) Employee Representative Counsel to
   Target Canada Co. Employees

   Koskie Minsky LLP
   20 Queen Street West, Suite 900, Box S2
   Toronto, ON MSH3R3
   Tel: 1.866.860.9364
   Fax: 416-204-2897
   Email: targetemployees@kmlaw.ca
   Website: www.kmlaw.ca/targetemployees

b) Target Canada Monitor

   Alvarez & Marsal Canada Inc.
   Royal Bank Plaza, South Tower
   200 Bay Street, Suite 2900
   P.O. Box 22
   Toronto ON MSJ2J1
   Tel: 1-844-864-9S48
   Email: targetcanada.monitor@alvarezandmarsal.com
   Website: www.alvarezandmarsal.comltargetcanada

                        About Target Canada

On January 15, 2015, Target Canada Co. and certain entities
commenced court-supervised restructuring proceedings under the
Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as
amended.  On the same day, the Ontario Superior Court of Justice
(Commercial List) granted an order, which, among other things,
provides for a stay of proceedings until February 13, 2015.  The
Stay Period may be extended by the Court from time to time.
Although not Applicants, the protections and authorizations
provided for in the Initial Order have been extended to the
Partnerships.  Also pursuant to the Initial Order, Alvarez & Marsal
Canada Inc. was appointed as monitor of the business and financial
affairs of the Target Canada Entities.


TLO LLC: TRADS Seek to Hold Best One in Contempt of Sale Order
--------------------------------------------------------------
TransUnion Risk and Alternative Data Solutions Inc. ("TRADS"), the
purchaser of substantially all assets of TLO, LLC, asks the
Bankruptcy Court to enter an order:

   (i) confirming that the sale order shields TRADS from the
efforts of The Best One Inc. (TBO) to interfere with TRADS's use of
acquired intellectual property assets;

  (ii) ordering TBO to turn over all copies of the acquired assets
in its possession or control to TRADS,

(iii) ordering TBO to provide TRADS with any passwords related to
any copy of the IP, and

  (iv) ordering that TBO be held in contempt and sanctioned for
knowingly violating the sale order.

On Dec. 13, 2013, the Bankruptcy Court entered an order approving
the sale, pursuant to which TRADS paid the Debtor $154 million for
the acquired assets, a sum that permitted the Debtor to pay all
allowed creditor claims in full, provide a meaningful return to
equity, and obtain confirmation of a plan of liquidation.

The core of the Debtor's business was its intellectual property,
including the BParser code converter software and the BOLT software
language.  The IP was among the Acquired Assets sold to TRADS
pursuant to the Sale.

According to TRADS, without being able to purchase the IP free and
clear, it would not have paid $154 million for the acquired assets.
Since the sale, TRADS has relied upon the Sale Order and the fact
that it purchased the IP free and clear of all claims and interests
in running its business.

TRADS tells the Court that despite the binding and unmodified
language of the Sale Order, TBO has asserted, following unrelated
commercial disputes between TRADS and two entities related to TBO,
that it acquired an ownership interest in the IP from a former
equity holder and employee of the Debtor, Ole Poulsen.  Along with
a number of other employees of the Debtor, Poulsen had worked on
the IP while he was employed by the Debtor.  In return, he received
significant compensation from the Debtor, including, as he has
already admitted, an equity share in the Debtor.  Thus, Poulsen
never had any claim to the IP (other than indirectly through his
equity
interest in the Debtor).

The Bankruptcy Court, according to TRADS, should enforce its Sale
Order against TBO and order it to cease and desist from asserting
its spurious claim.  "The Sale Order found that Poulsen had
received notice of and had consented to the Sale free and clear of
his interests, and that the IP was sold to TRADS free and clear of
all other interests, including Poulsen's.  It is far too late now
to modify the Sale Order, and nobody has ever tried to do so.
Accordingly, TBO could not possibly have purchased an interest in
the IP from Poulsen because Poulsen had no such interest to sell.
These undisputed facts alone make it appropriate for this Court to
enforce its Sale Order and order TBO to cease and desist from
asserting its specious claim."

"The Court should also hold TBO in contempt of its Sale Order,
which not only specifically provided that the Sale was free and
clear of any possible claim by Poulsen, but also prohibited any
"interfere[nce] with the Buyer's [TRADS] use and enjoyment of the
Acquired Assets based on or related to" any pre-sale interest in
the Acquired Assets.  Yet, TBO has not only ignored the binding
effect of the Sale Order, but also interfered with TRADS's "use
and enjoyment" of the IP.  Additionally, the Sale Order directed
"[a]ll persons . . . , presently or after the Closing[] in
possession or control of any of the Acquired Assets[] . . . to
surrender possession or control of such Acquired Assets as of the
Closing . . . ."  That compels TBO to surrender any IP that it
might have purported to acquire from Poulsen to TRADS.  To date,
TBO has done no such thing, again in violation of the Sale Order."

"TBO's violation of this Court's Sale Order is particularly
egregious because its purported purchase of an interest in the IP
from Poulsen and subsequent assertion of the same against TRADS
were actions taken with full knowledge and notice of the Sale and
Sale Order.  Indeed, TBO has been aware of these facts since its
formation.  The Debtor timely served the Sale Order on both
Michael Brauser, the Chairman, Vice-President, and a Director of
TBO, and Derek Dubner, the Debtor's General Counsel up until the
Sale, counsel to TRADS after the Sale, and now the Chief Executive

Officer of TBO and Interactive Data, LLC, a TBO subsidiary.  The
Debtor also served the Sale Order on Interactive.  Moreover, after

the Sale, Poulsen (TBO's Chief Scientific Officer) and Brauser had

extensive and ongoing involvement in the Debtor's bankruptcy case,

primarily concerning the division of the Sale proceeds paid by
TRADS, further demonstrating their knowledge of (and consent to)
the Sale and its effects. "

TRADS is represented by:

         Brian K. Gart, Esq.  
         BERGER SINGERMAN LLP
         350 East Las Olas Blvd., Suite 1000
         Fort Lauderdale, Florida 33301
         Tel: (954) 712-5130
         Fax: (954) 523-2872
         E-mail: bgart@bergersingerman.com

                   About TLO LLC nka TLFO LLC

TLO LLC, a provider of risk-mitigation services, filed a petition
for Chapter 11 reorganization (Bankr. S.D. Fla. Case No. 13-20853)
on May 9, 2013, in West Palm Beach, Florida, near the company's
headquarters in Boca Raton.  The petition was signed by E. Desiree
Asher as CEO.

Judge Paul G. Hyman, Jr., presides over the case.  Robert C. Furr,
Esq., and Alvin S. Goldstein, Esq., at Furr & Cohen, serve as the
Debtor's counsel.  Bayshore Partners, LLC is the Debtor's
investment banker.  Thomas Santoro and GlassRatner Advisory &
Capital Group, LLC are the Debtor's financial advisors.

Paul J. Battista, Esq., and Mariaelena Gayo-Guitian, Esq., at
Genovese, Joblove & Battista, P.A., represent the Official
Committee of Unsecured Creditors as counsel.

The Debtor disclosed assets of $46.6 million and liabilities of
$109.9 million, including $93.4 million in secured claims.  The
principal lender is Technology Investors Inc., owed $89 million.
TII is owned by the estate of Hank Asher, the company's primary
owner who died this year.  There is $4.6 million secured by
computer equipment.



UNILIFE CORP: Reports $19.4-Mil. Net Loss in Fourth Quarter
-----------------------------------------------------------
Unilife Corporation filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $19.4 million on $5.4 million of revenue for the three months
ended Dec. 31, 2014, compared to a net loss of $16.3 million on
$3.57 million of revenue in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $86.4 million
in total assets, $106.4 million in total liabilities, and a
stockholders' deficit of $19.9 million.

The Company estimates that its cash and cash equivalents, along
with its restricted cash, together with the additional proceeds
from the First Amendment to the Credit Agreement, proceeds raised
under the Sales Agreement, and additional proceeds raised from the
underwritten registered public offering, combined with anticipated
cash to be generated from new and existing customer agreements are
expected to provide the Company with sufficient liquidity for the
next 12 months.  However, there can be no assurance that such cash
from customer agreements will be available when needed.  These
factors continue to raise 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/GdDkjA
                          
Unilife Corporation is a developer, manufacturer and supplier of
injectable drug delivery systems, based in York, Pennsylvania.
The Company manufactures and supplies proprietary devices in a
format that can be filled and packaged with an injectable therapy
to pharmaceutical and biotechnology companies.

The Company reported a net loss of $23.1 million on $1.38 million
of
total revenue for the three months ended Sept. 30, 2014, compared
with a net loss of $11.0 million on $3.19 million of total revenue

for the same period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed $80.7
million in total assets, $83.4 million in total liabilities, and
a stockholders' deficit of $2.68 million.


UNIVERSAL HEALTH: Trustee Sues E&Y to Recover Transfers
-------------------------------------------------------
Soneet R. Kapila, as Chapter 11 trustee of the estates of Universal
Health Care Group, Inc., et al., filed an adversary complaint to
avoid and recover avoidable transfers and for other relief, against
the defendants, Ernst & Young LLP, and Ernst & Young U.S. LLP.

The Trustee demands the entry of judgment against the defendants:
(i) avoiding the preferential transfers; (ii) awarding a money
judgment to the trustee in an amount equal to the amount of the
preferential transfers; (iii) awarding pre-judgment interest; (iv)
disallowing any claim that the defendants may have against the
Debtors' bankruptcy estates until the time as it pays the
preferential transfers; and (v) awarding any other relief the Court
deems appropriate.

Prior to the Petition Date, Ernst & Young was the outside
independent auditors for UHCG and its subsidiaries.  Ernst provided
accounting, auditing and other services to or on behalf of the
Debtors, and in respect of the services, received payments thereon
totaling $1.67 million during the 4 years prior to the Petition
Date.  The Trustee related that within 90 days of the Petition
Date, the Debtors made transfers totaling to $14,266.

According to the Trustee, the preferential transfers constituted
transfers of the particular Debtor's interest in property.  The
preferential transfers were made: (a) to or for the benefit of
Ernst, who, at all relevant times, was a creditor of the Debtor who
made the particular preferential transfer; (b) for or on account of
an antecedent debt owed by the particular Debtor to Ernst before
such preferential transfers were made; and (c) while the Debtors
were insolvent.

                About Universal Health Care Group

Universal Health Care Group, Inc., owns an insurance company and
three health-maintenance organizations that provide managed care
services for government sponsored health care programs, focusing
on Medicare and Medicaid.

Universal Health was founded in 2002 by Dr. A.K. Desai and grew
its operations of offering Medicare plans to more than 37,000
members to over 20 states.

Universal Health filed a Chapter 11 bankruptcy protection (Bankr.
M.D. Fla. Case No. 13-01520) on Feb. 6, 2013, after Florida
regulators moved to put two of the company's subsidiaries in
receivership.  Universal Health Care estimated assets of up to
$100 million and debt of less than $50 million in court filings in
Tampa, Florida.

Harley E. Riedel, Esq., at Stichter Riedel Blain & Prosser, in
Tampa, serves as counsel to the Debtor.

Soneet R. Kapila has been appointed the Chapter 11 Trustee in the
Debtor's case.  He is represented by Roberta A. Colton, Esq., at
Trenam, Kemker, Scharf, Barkin, Frye, O'Neill & Mullis, PA.
Dennis S. Jennis, Esq., and Jennis & Bowen, P.L., serve as special
conflicts counsel and E-Hounds, Inc., serves as a forensic imaging
consultant to the Chapter 11 trustee.



USG CORP: Fitch Rates Proposed $350MM Sr. Unsecured Notes 'BB/RR2'
------------------------------------------------------------------
Fitch Ratings has assigned a 'BB/RR2' rating to USG Corporation's
(NYSE: USG) proposed offering of $350 million aggregate amount of
senior unsecured notes due 2025.  The new issue will be guaranteed
on a senior unsecured basis by certain of USG's domestic
subsidiaries.  The company intends to use all or a portion of the
net proceeds from the notes issuance to complete a concurrent
tender offer for its 8.375% senior notes due 2018.  USG also
intends to use any remaining net proceeds and cash on hand to
redeem any of the 2018 notes that remain outstanding after the
completion of the tender offer.

The Rating Outlook is Stable.

KEY RATING DRIVERS

The rating for USG reflects the company's leading market position
in all of its core businesses, strong brand recognition, its large
manufacturing network and sizeable gypsum reserves.  Risks include
the cyclicality of the company's end-markets, excess capacity
currently in place in the U.S. wallboard industry, volatility of
wallboard pricing and shipments and, although improving, the
company's still high leverage position.

The Stable Outlook reflects Fitch's expectation that demand for
USG's products will continue to grow during 2015 as the housing
market maintains its moderate recovery and commercial construction
activity improves from cyclical lows.  The Stable Outlook also
incorporates USG's solid liquidity position.

IMPROVING FINANCIAL RESULTS AND CREDIT METRICS

Revenues during 2014 increased 4.3% to $3.72 billion compared with
$3.57 billion during 2013.  More importantly, operating profit
(excluding restructuring and impairment charges and litigation
charges) advanced 20.7% to $315 million (8.5% of sales) during 2014
compared with $261 million (7.3%) during 2013, reflecting the
company's strong operating leverage.  For all of 2015, Fitch
expects mid-single digit revenue growth and a 150-200 basis point
improvement in operating profit margins.

USG's Fitch-calculated leverage has improved significantly to 4.5x
at year-end 2014 compared with 5.4x at the end of 2013, 8.75x at
the conclusion of 2012 and 35.4x at the end of 2011. Fitch expects
further improvement in leverage, with debt to EBITDA projected to
be at or below 4.0x at the end of 2015.  Interest coverage also
increased to 2.7x during 2014 from 2.1x in 2013, 1.3x in 2012 and
0.3x in 2011.  Fitch expects the interest coverage ratio will
settle above 3.0x at year-end 2015.

WALLBOARD PRICING STRATEGY HOLDING UP BUT PRICE INFLATION
MODERATING

At the end of 2011, major wallboard manufacturers announced that
they were eliminating the practice of job quotes.  In the past, job
quotes provided pricing protection for customers, particularly for
large projects.  However, this practice limited the realization of
price increases implemented by manufacturers.

During the past three years, major manufacturers announced an
annual one-time price increase effective at the beginning of 2012,
2013 and 2014.  The pricing increases were realized in 2012 and
2013 and in 2014.  USG's average U.S. wallboard price grew about
18% in 2012 and 17% in 2013.  Fitch estimates that wallboard prices
improved high single-digits during 2014.  (Starting in the 4Q'14,
USG stopped providing pricing and volume information for its
wallboard products.)  Several manufacturers have also announced
price increases for wallboard products effective Jan. 1, 2015.

During the third quarter of 2014, USG reached an agreement in
principle to settle all claims made in the direct and indirect
purchaser class action lawsuits pending in the U.S. District Court
for the Eastern District of Pennsylvania alleging that since at
least September 2011, U.S. wallboard manufacturers conspired to fix
and raise the price of gypsum wallboard sold in the U.S. and to
effectuate the alleged conspiracy by ending the practice of
providing job quotes on wallboard.  Pursuant to a final agreement
executed during the first quarter 2015, which is subject to court
approval, USG will make a payment of $48 million.  USG strongly
denies any wrong-doing for the claims made in the lawsuits, but
settled to avoid the expense, distraction and risk of further
litigation.  The company expects to make the cash payment within
the next 12 months.  Management indicated that this settlement does
not alter its pricing strategy.  Fitch is not aware of other
manufacturers entering into similar settlement agreements with the
plaintiffs.

STRONG MARKET POSITION

USG maintains a strong market position in all of its core
businesses.  According to the company, it has the #1 market
position in the wallboard industry in North America.  Its Ceilings
business has the #2 market position worldwide.  USG's Distribution
segment also has the #1 market position in the U.S. specialty
distribution business.  These leadership positions provide the
company with economies of scale as well as a solid platform to
launch new product offerings.

USG BORAL BUILDING PRODUCTS

On Feb. 27, 2014, USG formed a 50/50 joint venture (JV), USG Boral
Building Products (UBBP), with Boral Limited.  The JV will leverage
the two companies' brands, complementary geographic footprints and
technological expertise.  The JV is valued at $1.6 billion, with
Boral contributing its Gypsum division, valued at $1.35 billion and
includes its plasterboard operations in Australia and Asia, to the
JV and USG contributing assets valued at $250 million, which
include its Asian and Middle Eastern businesses, as well as
exclusive access to USG's technologies in the JV's territory.  In
addition, USG will pay Boral cash payments of up to $575 million,
of which $513 million was paid at closing ($500 million base price
and $13 million of working capital adjustments), and, subject to
achieving earnings targets, $25 million on the third anniversary
and $50 million on the fifth anniversary.

The JV is targeted to be self-funding with the ability to borrow in
its own right with dividend distribution targeted at 50% of
after-tax profit, taking into consideration the growth needs of the
JV.  USG's share of the JV income was roughly $35 million for the
ten months ended Dec. 31, 2014.

This JV has good strategic rationale for USG and is consistent with
management's goal of diversifying its earnings stream.  The JV with
Boral provides USG with an immediate significant presence in
high-growth emerging markets and allows the company to leverage its
leading technologies with Boral's existing production and
distribution network.

STRONG LIQUIDITY POSITION

As of Dec. 31, 2014, USG had $673 million of liquidity comprised of
$228 million of cash, $96 million of short-term marketable
securities, $58 million of long-term marketable securities and $291
million of borrowing availability under its revolver.

On Oct. 22, 2014, USG amended its credit facilities and combined
its U.S. and Canadian revolving facilities into a $450 million
facility maturing in October 2019.  Fitch expects USG's liquidity
will remain healthy during the next 12-18 months.  Fitch projects
USG's overall liquidity will be between $650 million and $750
million during 2015.  The company has no major debt maturities
until November 2016, when $500 million of senior notes become due.

CYCLICALITY OF END MARKETS

USG markets its products primarily to the construction industry,
with 25% of its net sales directed toward new residential
construction, 24% derived from new nonresidential construction, 49%
from the repair and remodel segment (commercial and residential),
and 2% from other industrial products.

Housing metrics increased in 2014 due to more robust economic
growth during the last three quarters of the year (prompted by
improved household net worth, industrial production and consumer
spending), and consequently acceleration in job growth (as
unemployment rates decreased to 6.2% for 2014 from an average of
7.4% in 2013), despite modestly higher interest rates, as well as
more measured home price inflation.  Single-family starts in 2014
improved 4.9% to 648,000 while multifamily volume grew 16.4% to
357,800.  Thus, total starts in 2014 were 1.006 million.  New home
sales increased 1.2% to 435,000, while existing home volume was off
more than 3% to 4.927 million largely due to fewer distressed homes
for sale and limited inventory.

Housing activity is likely to ratchet up more sharply in 2015 with
the support of a steadily growing economy throughout the year.  The
unemployment rate should continue to move lower (averaging 5.8% in
2015).  Credit standards should moderately but steadily ease
throughout next year.  Demographics should be more of a positive
catalyst.  Total housing starts are projected to expand 14% to 1.14
million as single-family starts advance 17.6% and multifamily
volumes gain 7%.  New home sales should grow 18%, while existing
home sales rise 4.3%.

Fitch projects home improvement spending increased 6% in 2014 and
will grow at a similar pace this year.  Spending for discretionary
big-ticket remodeling projects should continue to lag the overall
growth in the home improvement sector somewhat, as credit
availability remains relatively constrained and homeowners remain
cautious in their spending.  However, there are signs that
homeowners are a bit more willing to undertake larger discretionary
projects.

The fundamentals of U.S. commercial real estate (CRE) continue to
improve at a moderate pace following the recent economic recession.
CRE vacancy rates are falling modestly and rents are moderately
rising as the economy slowly picks up.  Fitch currently expects
continued, positive property-level fundamentals across most asset
classes and projects private nonresidential construction will grow
7% in 2015 following a 10.5% increase in 2014.

KEY ASSUMPTIONS

Fitch's key assumptions within its rating case for the issuer
include:

   -- Total industry housing starts improve 13.8%, while new and
      existing home sales grow 18% and 4.3%, respectively, in
      2015;

   -- Home improvement spending advances 6% and commercial
      construction increases 7% during 2015.

   -- Revenues grow mid-single-digits and a 150 - 200 basis point
      improvement in operating profit margins in 2015;

   -- Debt/EBITDA below 4.5x and interest coverage at or above
      3.0x;

   -- Liquidity (unrestricted cash and marketable securities plus
      revolver availability) remains above $600 million;

   -- No meaningful shareholder friendly cash outflows.

RATING SENSITIVITIES

Future ratings and Outlooks will be influenced by broad economic
and construction market trends, as well as company specific
activity, including free cash flow trends and liquidity.

Positive rating actions may be considered in the next 12 months if
the company shows more improvement in its financial results and
operating metrics, including debt to EBITDA consistently between
3.0x - 4.0x and interest coverage sustaining above 4.0x, while
maintaining at least $500 million of liquidity.

On the other hand, a negative rating action may be considered if
the recovery in the construction market dissipates, leading to
financial results approaching Fitch's 2015 stress case forecast,
including revenue declines of 20%, EBITDA margins of less than 10%,
debt to EBITDA consistently above 8x, and total liquidity falling
below $300 million.

Fitch rates USG as:

   -- Long-term IDR 'B+';
   -- Secured bank credit facility 'BB+/RR1';
   -- Senior unsecured guaranteed notes 'BB/RR2';
   -- Senior unsecured notes 'B+/RR4'.

Fitch's Recovery Rating (RR) of 'RR1' for USG's $450 million
secured revolving credit facility indicates outstanding recovery
prospects for holders of this debt issue.  Fitch's 'RR2' for USG's
unsecured guaranteed notes indicates superior recovery prospects.
(Currently, $950 million of unsecured notes are guaranteed on a
senior unsecured basis by certain of USG's domestic subsidiaries.)
Fitch's 'RR4' for USG's senior unsecured notes that are not
guaranteed by the company's subsidiaries indicates average recovery
prospects for holders of these debt issues.



USG CORP: Moody's Rates New $350MM Unsecured Notes Due 2025 'B1'
----------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to USG Corp.'s
proposed $350 million guaranteed senior unsecured notes due 2025.
Proceeds from the proposed notes will be used to redeem the
company's existing 8.375% $350 million guaranteed senior unsecured
notes due 2018, at which time the rating for this debt will be
withdrawn. USG anticipates a reduced rate for the proposed notes
relative to the existing notes that are being refinanced.  Moody's
expects the proposed notes to have substantially the same terms and
conditions as the existing guaranteed senior unsecured notes due
2018, and to rank pari passu in right of payment to the company's
other guaranteed senior unsecured notes.  Approximately $22 million
in cash on hand will be used for make whole premium, accrued
interest and related fees and expenses.  USG's B2 Corporate Family
Rating and its B2-PD Probability of Default Rating are not impacted
by the proposed transaction. All ratings on USG's remaining
outstanding debt instruments, as well as its SGL-2 Speculative
Grade Liquidity rating, remain unchanged.  The rating outlook is
positive.

Moody's views the proposed lower pricing and maturity date
extension for the notes as credit positives.  Cash interest savings
could be upwards of $9 million per year. However, USG will not
begin to reap the benefits of these lower cash interest payments
until late-2017, since it needs to pay for the tender/make whole
premium and related expenses.  Although interest payments will be
less in absolute terms, the relative size of savings is minimal
when considering future cash interest payments of approximately
$160 million per year.  Moody's anticipates no material improvement
in either interest coverage or debt leverage characteristics.
Although the proposed refinancing reduces the amount of debt that
comes due in 2018 to $500 million, USG must contend with $500
million of notes that mature in November 2016.

USG's B2 Corporate Family Rating reflects the company's leveraged
capital structure.  Leverage is 5.4x and debt-to-book
capitalization is around 86.5% at FYE14.  These metrics include a
higher pension liability than in recent years due to a change in
actuarial assumptions.  Cash interest payments of nearly $160
million per year upon closing of the proposed refinancing impair
USG's ability to generate large amounts of free cash flow.
Interest coverage, measured as EBITA-to-interest expense, was 1.6x
for 2014.  Despite its leveraged capital structure, however, credit
positives exist. USG is generating higher levels of revenues and
profits, resulting in better operating margins.  For 2014, USG's
EBITA margin reached 9.6%, which is indicative of higher rated
entities.  This progress is mainly due to higher volumes, better
pricing, and improved operating efficiencies. All ratios
incorporate Moody's standard adjustments.  USG will continue to
benefit from higher new housing starts --the ongoing driver of its
future operating growth.

USG's SGL-2 Speculative Grade Liquidity rating reflects our view
that the company will maintain a good liquidity profile over the
next 12 months.  Operating cash flow is adequate to fund its normal
operating requirements and capital expenditures to support future
growth initiatives.  USG maintains a large amount of cash on hand
and marketable securities (totaling $382 million at FYE14), which
is more than sufficient to meet potential shortfalls in operating
cash flows as well as fund higher levels of working capital
requirements and capital expenditure needs to meet higher end
market demand.  Augmenting USG's cash position is a $450 million
(increased from $400 million in October 2014) senior secured
asset-based revolving credit facility maturing in 2019.  However,
final maturity could spring sooner based on minimum liquidity
thresholds and maturity of its soonest debt issuances, which is
November 2016.  Availability totaled $291 million at December 30,
2014 after giving effect to $54 million in letter of credit
commitments and limitations of the borrowing base formula.  There
were no borrowings under the revolver in 2014 and Moody's does not
anticipate any draw-downs given USG's cash balances.

The positive rating outlook reflects our views that USG should
continue to benefit from the growth in its end markets, resulting
in debt credit metrics that are indicative of better ratings.

A one-notch override in the Loss Given Default model-implied rating
has been applied to USG's B1 guaranteed senior unsecured notes,
which smoothes the impact of higher pension liabilities and reduces
rating volatility. The company's pension liability increased to
$346 million at FYE14 from 125 million at FYE13 per Moody's
standard pension adjustment, creating downward pressures on these
debt instrument ratings.  The large change in pension liability is
due to an actuarial loss of $327 million caused by decreased
discount rates and the adoption the new mortality tables.  USG's
Corporate Family Rating, a key input in the Loss Given Default
model, is likely to be upgraded within the next 12 months, at which
time the one-notch override may be removed and may translate into
no change in the debt instrument ratings.  The ratings for the
notes that do not have subsidiary guarantees and the industrial
revenue bonds are not impacted by the higher pension liabilities;
hence, ratings for these debt instruments remain Caa1.

Positive rating actions could ensue if USG continues to benefit
from the strength in its end markets, the domestic repair and
remodeling and new housing construction sectors, resulting in more
robust credit metrics and performance that validates Moody's
forecasts.  Higher operating earnings and improved free cash flow
generation that translate into EBITA-to-interest expense sustained
near 2.5x, debt-to-EBITDA remaining below 4.5x (all ratios
incorporate Moody's standard adjustments), or a better liquidity
profile could have a positive impact on the company's credit
ratings.

Stabilization of the ratings could occur if USG's end markets
contract, resulting in key credit metrics falling short of our
expectations.  Operating performance that results in
EBITA-to-interest expense remaining around 1.75x, debt-to-EBITDA
sustained above 5.0x, (all ratios incorporate Moody's standard
adjustments), or deterioration in the company's liquidity profile
could pressure the ratings.

The principal methodology used in this rating 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.

USG Corporation, headquartered in Chicago, IL, is a North American
manufacturer and distributor of building materials primarily gypsum
wallboard and operates a specialty distribution business.  USG also
manufactures ceiling tiles and ceiling grids for commercial
applications.  Revenues for the 12 months through Dec. 31, 2014
totaled approximately $3.7 billion.


USG CORP: S&P Assigns 'BB' Rating on $350MM Sr. Notes Due 2025
--------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'BB'
issue-level rating and '1' recovery rating to USG Corp.'s proposed
$350 million senior notes due 2025.  The notes will be the
unsecured obligations of USG Corp.  Certain of USG's domestic
subsidiaries will guarantee its obligations under the new notes on
a senior unsecured basis.

USG intends to use the net proceeds from the offering to repurchase
its outstanding 8.375% senior notes due 2018 that are tendered
pursuant to the cash tender offer that USG began and to pay related
costs and expenses.  USG also intends to use any remaining net
proceeds and cash on hand to redeem any 2018 notes that remain
outstanding after completion of the tender offer. Although S&P
would expect reduced interest costs, it do not expect any impact to
the 'B+' corporate credit rating or any material impact to the
company's credit measures, "aggressive" financial risk profile, or
"strong" liquidity.

The corporate credit rating also reflect S&P's assessment of USG's
"fair" business risk profile, which incorporates S&P's view of the
company's good market shares and strong brand names in its
wallboard and ceiling products, its competitive cost position,
history of product innovation, and good geographic diversity of
manufacturing and distribution sites throughout North America.
These strengths largely offset the commodity nature of its
wallboard product, exposure to highly cyclical residential and
commercial construction markets, mature U.S. markets that
experience periods of industry overcapacity, and exposure to
volatile energy and raw material costs.

USG Corp.
Corporate credit rating                B+/Stable/--

USG Corp.
$350 mil sr nts due 2025                BB
Recovery rating                        1



VARIANT HOLDING: Seeks 120-Day Extension of Removal Deadline
------------------------------------------------------------
Variant Holding Company, LLC, asks the Bankruptcy Court to further
enlarge the period within which the Debtor may remove actions by an
additional 120 days, from March 26, 2015, through and including
July 24, 2015, without prejudice to the Debtor's right to seek
additional extensions.

The Debtor is not aware of any actions in which it may be involved,
although it is possible that the actions exist in other
jurisdictions.  On Sept. 11, 2014, the Debtor filed its schedules
of assets and liabilities and statements of financial affairs.  As
part of the schedules, the Debtor identified the actions of which
the Debtor is currently aware.  The Debtor will continue to analyze
the existence of any actions, as well as any filed proofs of claim,
to determine whether it may need seek to remove any Actions that it
becomes aware of.  Consequently, the Debtor is not yet prepared to
decide if any Actions exist for which they may need to seek
removal, and the Debtor sought and extension out of an abundance of
caution to extend the removal period.

The Debtor continues to consider whether there are any actions, of
which it is not currently aware, that it may need to remove to the
Court.  To date, the Debtor's efforts in the chapter 11 case have
been focused on numerous other pressing matters.  Since the
Petition Date, the Debtor has (a) prepared and filed its schedules,
(b) engaged in litigation and eventually reached settlements with
the Beach Point Funds and the Snowdon Parties that were approved by
the Court, including debtor-in-possession financing with the Beach
Point Funds, (c) engaged in litigation with IMH Financial
Corporation, and (d) focused on maximizing the value of its estate
through the marketing of the sales of its real property-owning
subsidiaries.

The Debtor has thus been focused on addressing these time-critical

matters and has been unable to fully analyze the existence of and
extent of any Actions and make appropriate determinations
concerning removal.  In addition, the Debtor could become aware of

possible further Actions in connection with proofs of claim that
are filed in this chapter 11 case.

                      About Variant Holding

Variant Holding Company, LLC, commenced bankruptcy proceedings
under Chapter 11 of the U.S. Bankruptcy Code in Delaware (Case No.
14-12021) on Aug. 28, 2014, without stating a reason.

Tucson, Arizona-based Variant Holding estimated $100 million to
$500 million in assets and less than $100 million in debt.

The Debtor has tapped Peter J. Keane, Esq., at Pachulski Stang
Ziehl & Jones LLP, as counsel.

Members holding the majority of the interests in the company,
namely Conix WH Holdings, LLC, Conix Inc., Numeric Holding
Company, LLC, Walkers Dream Trust, and Variant Royalty Group, LP,
signed the resolution authorizing the bankruptcy filing.



VERDUGO LLC: Section 341(a) Meeting Set for March 17
----------------------------------------------------
A meeting of creditors in the bankruptcy case of Verdugo, LLC, will
be held on March 17, 2015, at 10:00 a.m. at RM 1-159, 411 W Fourth
St., Santa Ana, California.

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.

Verdugo, LLC, a single asset real estate, filed a Chapter 11
bankruptcy petition (Bank. C.D. Cal. Case No. 15-10701) on Feb. 12,
2015.  James Hurn signed the petition as vice president.  The
Debtor estimated assets of $10 million to $50 million and
liabilities of $1 million to $10 million.  Judge Scott C. Clarkson
presides over the case.


WARRIOR ENTERPRISES: Case Summary & 3 Top Unsecured Creditors
-------------------------------------------------------------
Debtor: Warrior Enterprises, Inc.
           dba Arizona Aircraft Accessories
        1935 N. Rosemont
        Mesa, AZ 85205

Case No.: 15-01490

Chapter 11 Petition Date: February 17, 2015

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Hon. Paul Sala

Debtor's Counsel: James Portman Webster, Esq.
                  JAMES PORTMAN WEBSTER LAW OFFICE, PLC
                  1845 S. Dobson Rd., Ste 201
                  Mesa, AZ 85203
                  Tel: 480-464-4667
                  Fax: 888-214-8293
                  Email: jim@jpwlegal.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Bruce Brown, CEO.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/azb15-01490.pdf


WET SEAL: Paradigm Capital Holds 4.52% Stake as of Dec. 31
----------------------------------------------------------
Paradigm Capital Management, Inc., based in Albany, New York,
declared in a SCHEDULE 13G (Amendment No. 7) filing with the
Securities and Exchange Commission that as of Dec. 31, 2014, it may
be deemed to beneficially own 3,815,500 shares or 4.52% of the
common stock of The Wet Seal Inc.

                        About Wet Seal

The Wet Seal, Inc., and three affiliates -- The Wet Seal Retail,
Inc., Wet Seal Catalog, Inc., and Wet Seal GC, LLC, filed separate
Chapter 11 petitions (Bankr. D. Del. Case Nos. 15-10081 to
15-10084) on Jan. 15, 2015.  The Debtors are a national
multi-channel retailer selling fashion apparel and accessory items
designed for female customers aged 13 to 24 years old.  Wet Seal
listed total assets of $92.8 million and total liabilities of
$103.4 million as of Nov. 1, 2014.  

The Hon. Christopher S. Sontchi presides over the jointly
administered cases.  Maris J. Kandestin, Esq., and Michael R.
Nestor, Esq., at Young Conaway Stargatt & Taylor, LLP; Lee R.
Bogdanoff, Esq., Michael L. Tuchin, Esq., David M. Guess, Esq., and
Jonathan M. Weiss, Esq., at Klee, Tuchin, Bogdanoff & Stern LLP;
and Paul Hastings LLP, serve as the Debtors' Chapter 11 counsel.

FTI Consulting serves as the Debtors' restructuring advisor.  The
Debtors' investment banker is Houlihan Lokey.  The Debtors tapped
Donlin, Recano & Co., Inc. as claims and noticing agent.  

The petitions were signed by Thomas R. Hillebrandt, interim chief
financial officer.

B. Riley, the DIP lender and plan sponsor, is represented by Van C.
Durrer, II, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP.


WET SEAL: Selects FTI Consulting as Financial Advisors
------------------------------------------------------
The Wet Seal Inc. and its debtor-affiliates ask the U.S. Bankruptcy
Court for the District of Delaware for permission to employ FTI
Consulting Inc. as their financial advisors.

FTI will provide assistance and advice on financial-related
matters, including:

  -- liquidity management and enhancement strategies, including a
     review of pending transactions and potential alternative
     sources of liquidity;

  -- strategies to manage vendors and factors relating to trade
     credit;

  -- evaluation of real estate opportunities and landlord
     negotiations;

  -- evaluation of restructuring and/or recapitalization   
     alternatives;

  -- budget development and disbursement review and reporting
     requirements;

  -- restructuring process and transaction support

  -- Court testimony as required

  -- development of KEIP/KERP plan, if requested; and

  -- perform other services as mutually agreed upon.

The customary hourly rates, subject to periodic adjustments,
charged by the firm's professionals anticipated to be assigned to
this case are

  Designations                        Hourly Rates
  ------------                        ------------
  Senior Managing Directors           $800-$925
  Directors/Managing Directors        $580-$65
  Consultants/Senior Consultants      $300-550
  Administrative/Paraprofessionals    $125-250

The Debtors say the firm will be employed under a general retainer
because of the variety and complexity of the services that will be
required during these proceedings.  This retainer, which is
estimated to total approximately $150,000, will not be segregated
by the firm in a separate account and will be held until the end of
the case and applied to the firm's finally approved fees in these
proceedings.

Michael Nowlan, senior managing director of the firm, assures the
Court that the firm is a "disinterested person" within the meaning
of Section 101(14) of the Bankruptcy Code.

Mr. Nowlan can be reached at:

  Michael Nowlan
  FTI Consulting Inc.
  1101 K Street NW, Suite B100
  Washington, DC 20005
  Tel: +1 617 897 1500
  Fax: +1 617 897 1510
  Email: mike.nowlan@fticonsulting.com

                        About Wet Seal

The Wet Seal, Inc., and three affiliates -- The Wet Seal Retail,
Inc., Wet Seal Catalog, Inc., and Wet Seal GC, LLC, filed separate
Chapter 11 petitions (Bankr. D. Del. Case Nos. 15-10081 to
15-10084) on Jan. 15, 2015.  The Debtors are a national
multi-channel retailer selling fashion apparel and accessory items
designed for female customers aged 13 to 24 years old.  Wet Seal
listed total assets of $92.8 million and total liabilities of
$103.4 million as of Nov. 1, 2014.  

The Hon. Christopher S. Sontchi presides over the jointly
administered cases.  Maris J. Kandestin, Esq., and Michael R.
Nestor, Esq., at Young Conaway Stargatt & Taylor, LLP; Lee R.
Bogdanoff, Esq., Michael L. Tuchin, Esq., David M. Guess, Esq., and
Jonathan M. Weiss, Esq., at Klee, Tuchin, Bogdanoff & Stern LLP;
and Paul Hastings LLP, serve as the Debtors' Chapter 11 counsel.

FTI Consulting serves as the Debtors' restructuring advisor.  The
Debtors' investment banker is Houlihan Lokey.  The Debtors tapped
Donlin, Recano & Co., Inc. as claims and noticing agent.  

The petitions were signed by Thomas R. Hillebrandt, interim chief
financial officer.

B. Riley, the DIP lender and plan sponsor, is represented by Van C.
Durrer, II, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP.

An official committee of unsecured creditors has been appointed in
the case.

                           *     *     *  

In February 2015, the Debtors filed a joint plan of reorganization
and explanatory disclosure statement.  The Plan provides for the
cancellation of all of the Debtors' existing equity interests and
the issuance of new common stock in Reorganized WSI: (i) 80% of
which New Equity will be purchased by B. Riley Financial, Inc., as
Plan Sponsor and DIP Lender, in exchange for an aggregate amount of
$25 million in the form of (x) conversion of the principal amount
under the DIP Facility into equity and (y) cash; and (ii) the
remaining portion of which New Equity will be issued to Holders of
Allowed General Unsecured Claims whose Claims are not otherwise
cashed out, settled or resolved under the terms of the Plan.

A hearing to approve the Disclosure Statement is set for March 18,
2015.  Objections are due by March 11.


WORLDS INC: Amends Second Quarter 2013 Report
---------------------------------------------
Worlds Inc. filed with the U.S. Securities and Exchange Commission
an amendment to its quarterly report on Form 10-Q, a copy of which
is available at http://is.gd/zhTzcY

Worlds Inc. reported net income of $146,000 on $nil of revenue for
the three months ended June 30, 2013, compared with a net loss of
$216,000 on $nil of revenue for the same period in 2012.

The Company's balance sheet at June 30, 2013, showed $2.32 million
in total assets, $7.57 million in total liabilities, and a
stockholders' deficit of $5.25 million.

Since its inception, the Company has had periods where it had only
minimal revenues from operations.  There can be no assurance that
the Company will be able to obtain the additional capital resources
to fully implement its business plan or that any assumptions
relating to its business plan will prove to be accurate. The
Company is pursuing sources of additional financing and there  can
be no assurance that any such financing will be available to the
Company on commercially reasonable terms, or at all.  Any inability
to obtain additional financing will likely have a material adverse
effect on the Company, including possibly requiring the Company to
reduce and/or cease operations.  These factors raise substantial
doubt about the ability of the Company to continue as a going
concern.
                        
Brookline, Mass.-based Worlds Inc. transferred on May 16, 2011,
through a spin-off to its then wholly owned subsidiary, Worlds
Online Inc., the majority of its operations and related operational
assets.  The Company retained its patent portfolio which it intends
to continue to increase and to more aggressively enforce against
alleged infringers.  The Company also entered into a License
Agreement with Worlds Online Inc. to sublicense its patented
technologies.

Worlds Inc. currently has seven patents, 6,219,045 - 7,181,690 -
7,493,558 ? 7,945,856, - 8,082,501, 8,145,998 and 8,161,383.  On
March 30, 2012, the Company filed a patent infringement lawsuit
against Activision Bizzard Inc., Blizzard Entertainment Inc. and
Activision Publishing Inc. in the United States District Court for
the District of Massachusetts.  Susman Godfrey LLP is lead counsel
for the Company.  The costs to prosecute those parties that the
Company and its legal counsel believe to be infringing on said
patents were capitalized under patents until a resolution is
reached.


XTREME POWER: CEO Says 2nd Amended Plan Proposed in Good Faith
--------------------------------------------------------------
Allan Gotcher, Pres. & CEO of Xtreme Power Inc., affirmed in a
written testimony in support of the Second Amended Plan of
Liquidation that the Plan was proposed in "good faith."  He said
that the Debtors' objectives in proposing the Plan were to
implement the terms of the mediation settlement which the Debtors
believe will maximize recoveries to all creditors.  The Plan and
the underlying mediation settlement are the product of arms'-length
negotiations among the Debtors, the Official Committee of Unsecured
Creditors and various other creditors.  A copy of the testimony is
available at http://is.gd/SzDsJu

                       About Xtreme Power

Founded in November 2006, Xtreme Power Inc. and its affiliates
designed, installed, and monitored energy storage and power
management systems.  Xtreme Power was headquartered in Kyle,
Texas, with operations throughout the U.S.

Xtreme Power Inc. and two affiliates filed Chapter 11 bankruptcy
petitions (Bankr. W.D. Tex. Lead Case No. 14-10096) in Austin,
Texas, on Jan. 22, 2014.  Judge Christopher H. Mott presides over
the case.

The Debtors have tapped Shelby A. Jordan, Esq., at Jordan, Hyden,
Womble, Culbreth & Holzer, P.C., as bankruptcy counsel.  The
Debtors engaged Gordian Group, LLC, as investment banker and
financial advisor.  In addition, Baker Botts LP is serving as
special counsel for transactions; Bracewell & Giuliani LLP is
special counsel for certain litigation matters; Griggs & Spivey is
special Counsel for the ECI litigation; Fish & Richardson P.C. is
special counsel for patents and trademarks; and The Wenmohs Group
has been tapped tax returns

Debtor Power Inc. scheduled $7.00 million in total assets and
$65.7 million in total liabilities.  Debtor Power Grove scheduled
$5.18 million in total assets and $31.9 million in total
liabilities.  Power Systems scheduled $4.30 million in total assets
and $87.7 million in total liabilities.

The Creditors' Committee is represented by Eric J. Taube, Esq.,
Mark C. Taylor, Esq., and Morris D. Weiss, Esq., at Hohmann, Taube
& Summers, LLP, in Austin, Texas.

Younicos was the winning bidder at an auction with a $14 million
for the substantially all of the assets of the Debtors.  The Court
approved the sale by Order dated April 11, 2014, and the
transaction closed on April 14, 2014.  Upon consummation of the
sale to Younicos all the Debtors employees were hired by Younicos.



XTREME POWER: Files Ballot Summary for 2nd Am. Liquidating Plan
---------------------------------------------------------------
Xtreme Power Inc. has filed a ballot summary for its Second Amended
Joint Plan of Liquidation, showing that the required majorities of
each voting class entitled to vote has accepted the Plan.  Six
holders of allowed priority claims totaling $62,400, and holders of
unsecured claims against Xtreme Power Systems, LLC and Xtreme Power
Grove, LLC, voted to accept the Plan. Two holders of unsecured
claims against XPI aggregating $5.23 million voted to accept the
Plan, and two holders of unsecured claims against XPI totaling
$159,000 voted against the Plan.  Holders of secured claims were
deemed to accept the Plan and holders of equity interests were
deemed to reject the Plan.  A copy of the ballot summary is
available for free at http://is.gd/BaMav1

                       About Xtreme Power

Founded in November 2006, Xtreme Power Inc. and its affiliates
designed, installed, and monitored energy storage and power
management systems.  Xtreme Power was headquartered in Kyle,
Texas, with operations throughout the U.S.

Xtreme Power Inc. and two affiliates filed Chapter 11 bankruptcy
petitions (Bankr. W.D. Tex. Lead Case No. 14-10096) in Austin,
Texas, on Jan. 22, 2014.  Judge Christopher H. Mott presides over
the case.

The Debtors have tapped Shelby A. Jordan, Esq., at Jordan, Hyden,
Womble, Culbreth & Holzer, P.C., as bankruptcy counsel.  The
Debtors engaged Gordian Group, LLC, as investment banker and
financial advisor.  In addition, Baker Botts LP is serving as
special counsel for transactions; Bracewell & Giuliani LLP is
special counsel for certain litigation matters; Griggs & Spivey is
special Counsel for the ECI litigation; Fish & Richardson P.C. is
special counsel for patents and trademarks; and The Wenmohs Group
has been tapped tax returns

Debtor Power Inc. scheduled $7.00 million in total assets and
$65.7 million in total liabilities.  Debtor Power Grove scheduled
$5.18 million in total assets and $31.9 million in total
liabilities.  Power Systems scheduled $4.30 million in total assets
and $87.7 million in total liabilities.

The Creditors' Committee is represented by Eric J. Taube, Esq.,
Mark C. Taylor, Esq., and Morris D. Weiss, Esq., at Hohmann, Taube
& Summers, LLP, in Austin, Texas.

Younicos was the winning bidder at an auction with a $14 million
for the substantially all of the assets of the Debtors.  The Court
approved the sale by Order dated April 11, 2014, and the
transaction closed on April 14, 2014.  Upon consummation of the
sale to Younicos all the Debtors employees were hired by Younicos.



[*] Michigan Lawyers Weekly Names Steven Howell 2015 Leader in Law
------------------------------------------------------------------
Michigan Lawyers Weekly has named Dickinson Wright PLLC's Steven G.
Howell, Esq., "2015 Leader in the Law".

Mr. Howell is a Member in Dickinson Wright's Detroit office.  He
also serves as the Practice Department Manager for the firm's
Banking & Finance, Creditors' Rights, Municipal Finance and
International Law Practices.  He focuses his practice in the areas
of bankruptcy & restructuring law, including creditor rights and
bankruptcy litigation, and banking & finance law.  Mr. Howell
serves as a Special Assistant Attorney General for the State of
Michigan in the City of Detroit's Chapter 9 bankruptcy case,
representing the State of Michigan.  He has served as either
counsel or co-counsel for clients in numerous Chapter 11
bankruptcies, Companies' Creditors Arrangement Act proceedings in
Canada, and workouts.  Mr. Howell has expertise in assisting
clients dealing with financially-challenged entities in a variety
of industries including automotive, manufacturing, banking,
municipal, and commercial real estate.

Mr. Howell is a member of the Federal Bar Association's Eastern
District of Michigan Chapter, the State Bar of Michigan, the
American Bankruptcy Institute, and the Turnaround Management
Association.  Mr. Howell received the Barbara J. Rom Excellence in
Bankruptcy Award on Nov. 20, 2014, from the Federal Bar Association
for the Eastern District of Michigan.  He is recognized as a leader
in his field by Best Lawyers in America, including being named 2014
Detroit Bankruptcy and Creditor Debtor Rights/Insolvency and
Reorganization Lawyer of the Year; Chambers USA, including
recognition as a Band 1 Leading Individual in Michigan in the
bankruptcy field; Michigan Super Lawyers, and Dbusiness Top
Lawyers.  Mr. Howell received his B.G.S. from the University of
Michigan, with high distinction, and his J.D. from Wayne State
University Law School, magna cum laude.

Each year, Michigan Lawyers Weekly selects 25-30 lawyers to honor
as "Leaders in the Law".  "Leaders in the Law" are lawyers who
exemplify the noble tradition of the legal profession, are
passionate and active on behalf of clients and the community, have
a record of success in the legal profession, and have a record of
achievements that displays a strength of character and ability to
be a leader in the Michigan legal community.  The "2015 Leaders in
the Law" will be honored at an annual luncheon and awards
celebration on March 26, 2015, at the Troy Marriott.

                      About Dickinson Wright  

Dickinson Wright PLLC is a general practice business law firm with
more than 380 attorneys among more than 40 practice areas.
Headquartered in Detroit and founded in 1878, the firm has thirteen
offices, including six in Michigan (Detroit, Troy, Ann Arbor,
Lansing, Grand Rapids, and Saginaw) and seven other domestic
offices in Columbus, Ohio; Lexington, Kentucky; Nashville,
Tennessee; Las Vegas, Nevada; Phoenix, Arizona; and Washington,
D.C.  The firm's Canada office is located in Toronto.


[*] Victory Capital Expands Capabilities in Asset Liquidation Space
-------------------------------------------------------------------
Victory Park Capital (VPC), an asset management firm focused on
middle market debt and equity investments, on Feb. 17 disclosed it
will strengthen its capabilities in the asset liquidation industry
through an investment in Yellen Partners, LLC (Yellen Partners), an
asset liquidation company, which VPC will combine with Reich
Brothers Holdings, LLC (Reich Bros), an existing portfolio company
focused on a diverse range of capital and surplus asset solutions.
The expanded platform will be renamed YR Holdings, LLC (YR
Holdings), and will grow VPC's presence in the sector by
diversifying the company's service offerings into retail and
inventory, in-house appraisal and auction capabilities, and
expanding its capabilities in industrial, manufacturing and
healthcare asset liquidations.

YR Holdings, through its wholly-owned subsidiaries, Reich Bros and
Yellen Partners, will offer and manage a full range of
complementary services for numerous asset classes.  Yellen Partners
will be led by industry veterans Harvey and Brian Yellen, who bring
extensive experience in the retail and industrial asset liquidation
industry, while Reich Bros will continue to be run by Co-CEOs
Jonathan and Adam Reich.  With increased senior leadership and
shared corporate resources, YR Holdings will house a diversified
deal pipeline, including liquidations, auction services and
equipment solutions, as well as internal and third party retail and
industrial asset appraisals.

"Our industry experience, and the Reich's successful track record
across a wide range of asset classes, will allow us to drive future
business growth," said Harvey Yellen, chairman of YR Holdings and
chairman and CEO of Yellen Partners.  Added Brian Yellen, president
of Yellen Partners, "We look forward to working with a team as
experienced in this sector as VPC and Reich Bros in order to
continue building upon our strong reputation across the U.S."

The Yellens each bring more than 20 years of seasoned experience
across the liquidation industry.  Harvey Yellen previously served
as president, CEO and chief operating officer to various retail
companies, as well as managing partner of Great American Group.
Brian Yellen most recently served as executive vice president of
Great American Group and possesses extensive experience in the
liquidation of retail, distribution and manufacturing assets.

"VPC believes there's a strong market opportunity for a new,
innovative platform in the asset liquidation sector backed by
recognized and seasoned leadership.  We also see opportunities
across sectors and business cycles where there's a need for asset
validation and disposition services," stated Richard Levy, CEO and
founder of VPC.  "By adding Harvey and Brian's expertise in the
category with the Reich Bros, we feel this new platform is poised
to deliver strong results across a wide spectrum of transactions."

                      About Yellen Partners

Yellen Partners, LLC -- http://www.yellenpartners.com/-- is a
specialized, hands-on provider of asset monetization solutions
focused on the acquisition and disposition of retail and wholesale
inventories, as well as healthcare and industrial machinery and
equipment, for businesses seeking to continue operations or sell
assets as a going concern.  Core activities include sourcing,
acquiring and monetizing distressed and other surplus assets
through transaction strategies, including, but not limited to,
retail store closings, orderly liquidations of wholesale
inventories and specialty assets, as well as private treaty sales
and on-site and on-line auctions.

                  About Reich Brothers Holdings

Reich Brothers Holdings, LLC -- http://www.reichbros.com/-- is a
specialized, hands-on provider of capital asset solutions and
focuses on the acquisition and disposition of distressed and
surplus capital assets, while providing an extensive array of
solutions for businesses seeking to continue operations or sell
assets as a going concern.  Jonathan and Adam Reich, the company's
Co-CEOs have established a long track record of successful value
realization for clients and partners alike.

                    About Victory Park Capital

Victory Park Capital (VPC) -- http://www.victoryparkcapital.com/--
is a privately held registered investment advisor dedicated to
alternative investing through the management of private investment
funds.  As specialists in credit and private equity investments,
VPC focuses on middle market companies across a diversified range
of industries.  Whether as a lender or a control investor, VPC
seeks to identify opportunities where it believes the potential for
reward outweighs the risks entailed.  Founded in 2007, VPC is
headquartered in Chicago with additional resources in Boston,
Los Angeles, New York and San Francisco.



[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Douglas Scott
   Bankr. N.D. Ala. Case No. 15-80338
      Chapter 11 Petition filed February 10, 2015

In re Alycia Leannette Chase
        aka Alycia Chase
            Alycia L. Chase
            Alycia Lowry
   Bankr. C.D. Cal. Case No. 15-12001
      Chapter 11 Petition filed February 10, 2015
         represented by: Anthony Obehi Egbase, Esq.
                         LAW OFFICES OF ANTHONY O. EGBASE & ASSOC.
                         E-mail: info@anthonyegbaselaw.com

In re Ralph P. Douglas, Jr.
   Bankr. N.D. Fla. Case No. 15-40073
      Chapter 11 Petition filed February 10, 2015

In re Comprehensive Business Service 1402, LLC
   Bankr. S.D. Fla. Case No. 15-12526
      Chapter 11 Petition filed February 10, 2015
         See http://bankrupt.com/misc/flsb15-12526.pdf
         represented by: John M. Cruz II, Esq.
                         LAW OFFICES OF JOHN M. CRUZ, II
                         E-mail: cruzjohnm@aol.com

In re King Tower Properties Inc.
   Bankr. E.D.N.Y. Case No. 15-40515
      Chapter 11 Petition filed February 10, 2015
         See http://bankrupt.com/misc/nyeb15-40515.pdf
         represented by: Robert J. Musso, Esq.
                         ROSENBERG MUSSO & WEINER, LLP
                         E-mail: rmwlaw@att.net

In re Calientito Deli, Restaurant & Lounge Bar, Inc.
   Bankr. S.D.N.Y. Case No. 15-10288
      Chapter 11 Petition filed February 10, 2015
         See http://bankrupt.com/misc/nysb15-10288.pdf
         represented by: Damond J. Carter, Esq.
                         CARTER & ASSOCIATE ATTORNEYS, PLLC
                         E-mail: damcart@carter-attorneys.com

In re Total Performance, LLC
   Bankr. E.D.N.C. Case No. 15-00756
      Chapter 11 Petition filed February 10, 2015
         See http://bankrupt.com/misc/nceb15-00756.pdf
         represented by: Travis Sasser, Esq.
                         SASSER LAW FIRM
                         E-mail: tsasser@carybankruptcy.com

In re Electrical & Electronic Suppliers Inc.
   Bankr. D.P.R. Case No. 15-00886
      Chapter 11 Petition filed February 10, 2015
         See http://bankrupt.com/misc/prb15-00886.pdf
         represented by: Maria Mercedes Figueroa y Morgade, Esq.
                         FIGUEROA Y MORGADE LEGAL ADVISORS
                         E-mail: figueroaymorgadelaw@yahoo.com

In re Robin Richardo Daniel
   Bankr. M.D. Tenn. Case No. 15-00882
      Chapter 11 Petition filed February 10, 2015

In re Clinton Joseph Welliver
   Bankr. N.D. Tex. Case No. 15-40609
      Chapter 11 Petition filed February 10, 2015

In re David Jon de Langis
   Bankr. C.D. Cal. Case No. 15-12018
      Chapter 11 Petition filed February 11, 2015

In re Michael Alan Sullivan
   Bankr. S.D. Fla. Case No. 15-00549
      Chapter 11 Petition filed February 11, 2015

In re David Cassidy
   Bankr. S.D. Fla. Case No. 15-12588
      Chapter 11 Petition filed February 11, 2015

In re Tallawah Veterinary Services Inc.
   Bankr. S.D. Fla. Case No. 15-12590
      Chapter 11 Petition filed February 11, 2015
         See http://bankrupt.com/misc/flsb15-12590.pdf
         represented by: Angelo A. Gasparri, Esq.
                       THE LAW OFFICES OF ANGELO A. GASPARRI, P.A.
                         E-mail: angelo@drlclaw.com

In re Pelican Rehabilitation Hospital, LLC
   Bankr. E.D. La. Case No. 15-10331
      Chapter 11 Petition filed February 11, 2015
         See http://bankrupt.com/misc/laeb15-10331.pdf
         represented by: Derek Terrell Russ, Esq.
                         E-mail: derekruss@russlawfirm.net

In re Julia Street Holdings I, LLC
   Bankr. E.D. La. Case No. 15-10332
      Chapter 11 Petition filed February 11, 2015
         See http://bankrupt.com/misc/laeb15-10332.pdf
         represented by: Lee Phillips, Esq.
                         E-mail: leejphillips@hotmail.com

In re Kosmors, Inc.
   Bankr. D. Md. Case No. 15-11908
      Chapter 11 Petition filed February 11, 2015
         See http://bankrupt.com/misc/mdb15-11908.pd
         represented by: Charles C. Iweanoge, Esq.
                         THE IWEANOGES' FIRM, P.C.
                         E-mail: cci@iweanogesfirm.com

In re William A. Trudeau, Jr.
   Bankr. D. Mass. Case No. 15-40258
      Chapter 11 Petition filed February 11, 2015

In re Angelina Bufalino
   Bankr. D. Nev. Case No. 15-10617
      Chapter 11 Petition filed February 11, 2015

In re Arlene C. Farkas
   Bankr. S.D.N.Y. Case No. 15-10293
      Chapter 11 Petition filed February 11, 2015

In re Higher Calling World Outreach Ministries
        pka Little Zion Missionary Baptist Church
   Bankr. E.D.N.C. Case No. 15-00783
      Chapter 11 Petition filed February 11, 2015
         See http://bankrupt.com/misc/nceb15-00783.pdf
         represented by: John G. Rhyne, Esq.
                         JOHN G. RHYNE, ATTORNEY AT LAW
                         E-mail: johnrhyne@johnrhynelaw.com

In re 74 Home & Tool Center, Inc.
   Bankr. W.D.N.C. Case No. 15-40041
      Chapter 11 Petition filed February 11, 2015
         See http://bankrupt.com/misc/ncwb15-40041.pdf
         represented by: William S. Gardner, Esq.
                         GARDNER LAW OFFICES, PLLC
                         E-mail: Billgardner@gardnerlawoffices.com

In re Stone Oak Investment, LLC
   Bankr. N.D. Ohio Case No. 15-30316
      Chapter 11 Petition filed February 11, 2015
         See http://bankrupt.com/misc/ohnb15-30316.pdf
         represented by: Steven L. Diller, Esq.
                         DILLER AND RICE, LLC
                         E-mail: steven@drlawllc.com

In re Elizabeth Benitez-Nevarez
   Bankr. D.P.R. Case No. 15-00929
      Chapter 11 Petition filed February 11, 2015

In re Vector Arms, Corp.
   Bankr. D. Utah Case No. 15-21039
      Chapter 11 Petition filed February 11, 2015
         See http://bankrupt.com/misc/utb15-21039.pdf
         represented by: Brian M. Rothschild, Esq.
                         PARSONS BEHLE & LATIMER
                         E-mail: brothschild@parsonsbehle.com

In re Arthur J. Murray
   Bankr. E.D. Va. Case No. 15-10479
      Chapter 11 Petition filed February 11, 2015
In re Innovative Commercial Construction, Inc.
   Bankr. M.D. Fla. Case No. 15-01359
      Chapter 11 Petition filed February 12, 2015
         See http://bankrupt.com/misc/flmb15-01359.pdf
         represented by: Marshall G. Reissman, Esq.
                         THE REISSMAN LAW GROUP
                         E-mail: marshall@reissmanlaw.com

In re Carter Tree Farm, LLC
   Bankr. S.D. Fla. Case No. 15-12633
      Chapter 11 Petition filed February 12, 2015
         See http://bankrupt.com/misc/flsb15-12633.pdf
         represented by: Norman L. Schroeder II, Esq.
                         NORMAN L. SCHROEDER II, P.A.
                         E-mail: nschroeder@nlsbankruptcy.com

In re Valerie Elizabeth Kaan
   Bankr. S.D. Fla. Case No. 15-12654
      Chapter 11 Petition filed February 12, 2015

In re Earnest James Davis, III
   Bankr. N.D. Ga. Case No. 15-52763
      Chapter 11 Petition filed February 12, 2015

In re Never Late Printing, LLC
   Bankr. D. Nev. Case No. 15-10640
      Chapter 11 Petition filed February 12, 2015
         See http://bankrupt.com/misc/nvb15-10640.pdf
         represented by: Seth D. Ballstaedt, Esq.
                         THE BALLSTAEDT LAW FIRM
                         E-mail: seth@ballstaedtlaw.com

In re Daniel Shad Lewis
   Bankr. E.D. Tenn. Case No. 15-50222
      Chapter 11 Petition filed February 12, 2015

In re Frederic George Schaub
   Bankr. M.D. Fla. Case No. 15-01284
      Chapter 11 Petition filed February 16, 2015

In re Buddy D. Mason
   Bankr. M.D. Fla. Case No. 15-01450
      Chapter 11 Petition filed February 16, 2015

In re Julio Jimenez & Asociados, Inc.
        dba Floristeria Zuazo
   Bankr. D.P.R. Case No. 15-01044
      Chapter 11 Petition filed February 16, 2015
         See http://bankrupt.com/misc/prb15-01044.pdf
         represented by: Jean Philip Gauthier Inesta, Esq.
                         JEAN PHILIP GAUTHIER LAW OFFFICE
                         E-mail: jpgauthier@spiderlink.net

In re CWNZ Purcellville, LLC
   Bankr. E.D. Va. Case No. 15-10534
      Chapter 11 Petition filed February 16, 2015
         See http://bankrupt.com/misc/vaeb15-10534.pdf
         represented by: Frank Bredimus, Esq.
                         LAW OFFICE OF FRANK BREDIMUS
                         E-mail: Fbredimus@aol.com

In re John Martin Kwitek and Bonnie Sue Kwitek
   Bankr. E.D. Wisc. Case No. 15-21301
      Chapter 11 Petition filed February 16, 2015



                            *********

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.

                            *********

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.

                   *** End of Transmission ***