TCR_Public/150313.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, March 13, 2015, Vol. 19, No. 72

                            Headlines

ACCELPATH INC: Reports $595K Net Loss for Dec. 31 Quarter
ACCIPITER COMMS: April 28 Hearing on Further Cash Collateral Use
ALEXANDRA TRUST: March 20 Hearing on Bid for Case Conversion
ALSIP ACQUISITION: Wants April 15 as Admin. Expense Bar Date
AMERICAN ENERGY: Posts $156K Net Loss for Dec. 31 Quarter

AMERICANN INC: Posts $242K Net Loss for Dec. 31 Quarter
ASHER INVESTMENT: Settlement with Israel Discount Bank Approved
ASPEN GROUP: CEO Extends Due Dates of Notes to July 2016
BATE LAND: Has Until April 1 to Obtain Confirmation of Plan
BERRY PLASTICS: Stockholders Elect Three Returning Directors

BLACKBOARD INC: S&P Retains 'B+' CCR Over $85MM Term Loan Add-On
BON-TON STORES: BlackRock Reports 4.9% Stake as of Feb. 28
BPZ RESOURCES: FMR LLC No Longer Owns Shares as of March 9
BRIAR'S CREEK: Keen-Summit to Hold Auction on April 29
BRUSH CREEK: Files 4th Amended Reorganization Plan

CAL DIVE: Can Employ Kurtzman as Claims & Noticing Agent
CAL DIVE: Court Issues Joint Administration Order
CAL DIVE: Court Issues Sec. 362 Stay Order
CAL DIVE: Has Interim Approval of Equity Transfer Protocol
CAL DIVE: Quin Hebert to Act as CDOCI Foreign Representative

CALMENA ENERGY: Canadian Case Recognized as Foreign Main Proceeding
CATASYS INC: 2015 Investor Presentation
CHARLES SCHWAB: Fitch Affirms 'BB+' Preferred Stock Rating
CHASSIX HOLDINGS: Case Summary & 40 Largest Unsecured Creditors
CHASSIX HOLDINGS: Files for Chapter 11 with Prenegotiated Plan

CONDOR DEVELOPMENT: Court Enters Final Decree Closing Cases
COUTURE HOTEL: Enoch Joins Objection to Exclusivity Extensions
CREEKSIDE ASSOCIATES: Wants March 31 Set as Gen. Claims Bar Date
CRYOPORT INC: Swaps or Amends Related Party Notes Payable
D & L ENERGY: US Trustee Wants Case Converted to Chapter 7

DEERFIELD RANCH: Files Schedules of Assets and Liabilities
DELIAS INC: Court Sets April 14 as Claims Bar Date
DELIAS INC: Seeks to Extend Lease-Decision Deadline to June 5
DELIAS INC: Wants Court to Extend Plan Filing Deadline to June 5
DENDREON CORP: March 24 Hearing on Bid to Extend Plan Exclusivity

DIGERATI TECHNOLOGIES: Posts $3.64M Income in April 30 Quarter
DORAL FINANCIAL: Liquidating Under Ch. 11 After Bank Unit Seized
DORAL FINANCIAL: Rejecting Doral Bank-Related Contracts
DORAL FINANCIAL: Seeks Approval to Reject Leases
DORAL FINANCIAL: Wants Until April 24 to File Schedules

DUNE ENERGY: Eos Advises Exchange Agent to Return Tendered Shares
DUNE ENERGY: Proposes June 9 Auction for Assets
DUNE ENERGY: Seeks Joint Administration of Ch. 11 Cases
DUNE ENERGY: Wants Schedules Deadline Moved to April
E&S CONTRACTING: Case Summary & 11 Largest Unsecured Creditors

EDWARD MANDEL: Dist. Ct. Upholds Approval of Thrasher/Coleman Deal
EMPIRE RESORTS: Reports $24 Million Net Loss for 2014
ESTATE FINANCIAL: Trustee OK'd to Sell Calif. Property Interests
FCC HOLDINGS: Former Workers, Michigan Object to Plan Confirmation
FRANKLIN INDUSTRIES: Hirsh Lacks Standing to Sue Qingdao et al.

FREESEAS INC: Sells $750,000 Convertible Note to Glengrove Small
GEMINI SYSTEMS: Voluntary Chapter 11 Case Summary
GENTLE TOUCH: Case Summary & 20 Largest Unsecured Creditors
GREAT BASIN: Mantyla McReynolds Expresses Going Concern Doubt
GREENSHIFT CORP: Issues 596.3 Million Common Shares

GREG MICHAEL ZUMBACH: Has Standing to Oppose IRS Claims Deal
GRIDWAY ENERGY: Completes $265K Sale of Ziphany Assets
HALCON RESOURCES: Extends Maturity of $290MM Note to 2020
HEXION INC: Reports $148 Million Net Loss for 2014
HUTCHESON MEDICAL: May 1, 2015 General Claims Bar Date Set

HUTCHESON MEDICAL: Wants Until Dec. 31 to Propose Chapter 11 Plan
HUTCHESON MEDICAL: Wants Until June 18 to Assume or Reject Leases
IBCS MINING: Okayed to Pay $30.3K Incentive to CFO Mike Dean
iBIO INC: Negative Cash Flow Raises Going Concern Doubt
INFRAX SYSTEMS: Deficit, Losses Raise Going Concern Doubt

INVERSIONES ALSACIA: Asks for Final Decree Closing Cases
JOHN REYNOLDS: Judge Awards $22,740 in Attorneys' Fees
KANGADIS FOOD: Chief Judge Carla Craig Selected as Mediator
KANGADIS FOOD: Wants Final Decree Closing Reorganization Case
LONGVIEW POWER: Wants to Expand Scope of Lazard Work

MEDICAL ALARM: Amends Dec. 31, 2014 Quarterly Report
MICROCHIP TECHNOLOGY: S&P Assigns 'BB+' CCR; Outlook Stable
MICROVISION INC: Incurs $3.34 Million Net Loss in Fourth Quarter
MIDSTATES PETROLEUM: Appoints Two Directors to Board
NET ELEMENT: Files Amendment to Sept. 30 Quarter Report

NICHOLS CREEK: Hawkins Balks at Whitney Bank's Bid for Dismissal
NNN SIENA OFFICE: Wins Dismissal of Chapter 11 Cases
OMEGA HEALTHCARE: S&P Affirms 'BB+' Corporate Credit Rating
ORGENESIS INC: Kesselman Expresses Going Concern Doubt
PARK MERIDIAN: Seeks Substantive Consolidation of Estates

PEOPLEWELL HR: Apr. 14 Hearing Set on UST Complaints
PLATTSBURGH SUITES: Opposes U.S. Trustee's Bid for Ch. 11 Trustee
PORTAGE BIOTECH: Reports $889K Net Loss for Dec. 31 Quarter
PUTNAM ENERGY: Case Summary & 20 Largest Unsecured Creditors
PUTNAM ENERGY: Files for Chapter 11 in Chicago

QUEST SOLUTION: Copy of Presentation at ROTH Conference
RECYCLE SOLUTIONS: March 19 Hearing on Bid for More Exclusivity
RECYCLE SOLUTIONS: Plum Creek's Lift Stay Motion Resolved
REGENICIN INC: Further Losses Raise Going Concern Doubt
RESIDENTIAL CAPITAL: Judge Rules on Objection to Silber Claim

SALADWORKS LLC: WS Finance Balks at SSG Fees
SALADWORKS LLC: WS Says UpShot Not Needed for Plan Process
SALADWORKS: Parties Balk at Employment of Landis Rath as Counsel
SEAR METHODIST: Caprock Has Until April to Use SB Cash Collateral
SEQUENOM INC: Earns $1M in 2014, But More Cash Needed to Pay Debt

SHILO INN: Seeks Confirmation of New Value Reorganization Plans
STANDARD REGISTER: Files for Chapter 11 to Sell Assets
STUART JARAMILLO: Must Convert to Chapter 11 or Face Dismissal
THERAPEUTICSMD INC: Incurs $16.3 Million Net Loss for Q4
TRIMEDYNE INC: Reports $169K Net Loss in Dec. 31 Quarter

TRIPLANET PARTNERS: Has Until April 15 to Decide on Leases
TRIPLANET PARTNERS: Has Until May 5 to Propose Chapter 11 Plan
ULTIMATE NUTRITION: Court Sets April 14 as Claims Bar Date
US COAL: Has Until April 10 to Propose their Reorganization Plan
VERSO PAPER: Reports $356 Million Net Loss for 2014

VISCOUNT SYSTEMS: Appoints Ambassador Siegel as Chairman
VISCOUNT SYSTEMS: Sells 37,655 Common Shares in Private Placement
VISION VENTURES: Voluntary Chapter 11 Case Summary
WAVE SYSTEMS: Reports $12.8 Million Net Loss for 2014
WELLNESS CENTER: Insufficient Revenue Raises Going Concern Doubt

XZERES CORP: Copy of Presentation to Interested Parties
ZOGENIX INC: Reports $20.5 Million Net Loss for Fourth Quarter
[^] BOOK REVIEW: Oil Business in Latin America: The Early Years

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ACCELPATH INC: Reports $595K Net Loss for Dec. 31 Quarter
---------------------------------------------------------
AccelPath, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $595,000 on $18,080 of revenues for the three months ended Dec.
31, 2014, compared to a net loss of $726,000 on $54,000 of revenues
for the same period in the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $2.43 million
in total assets, $4.11 million in total liabilities, and a
stockholders' deficit of $1.68 million.

The Company had a net loss applicable to common shareholders of
$1.14 million for the six months ended Dec. 31, 2014 and a net loss
applicable to common shareholders of $2.51 million for the year
ended June 30, 2014.  Further, the Company had a working capital
deficit of $3.91 million at Dec. 31, 2014.  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/eJeVbq
                          
Gaithersburg, Md.-based AccelPath has two primary businesses:
AccelPath, LLC, and Digipath Solutions, LLC, are in the business
of enabling pathology diagnostics and Technest, Inc. (a 49% owned
subsidiary) is in the business of the design, research and
development, integration, sales and support of three- dimensional
imaging devices and systems.

The Company reported a net loss of $546,000 on $40,500 of revenues

for the three months ended Sept. 30, 2014, compared with a net loss

of $351,000 on $54,000 of revenues for the three months ended
Sept. 30, 2013.



ACCIPITER COMMS: April 28 Hearing on Further Cash Collateral Use
----------------------------------------------------------------
The Bankruptcy Court continued until April 28, at 9:30 a.m., the
Chapter 11 status hearing in Accipiter Communications, Inc.'s case,
and Accipiter's motion for continued use of use cash collateral.

U.S. Bankruptcy Judge George B. Nielsen signed off on a fourth
stipulated order authorizing until May 1.  The stipulation was
entered between the Debtor and the United States, on behalf of the
Rural Utilities Service of the U.S. Department of Agriculture.

As of the Petition Date, the Debtor was obligated and indebted to
RUS in an aggregate principal amount totaling $20,755,214, plus
accrued interest.  As adequate protection for any diminution in the
value of RUS's collateral, the Debtor will grant the lender:

   a. interest on the prepetition indebtedness continues to accrue
at the rate provided under the Prepetition Credit Agreement, and
the Debtor must pay on a current and ongoing basis, as it comes due
after the Petition Date, all such interest.  

   b. The Lender is granted replacement liens in all postpetition
collateral to secure any postpetition diminution of the cash
collateral, subject to carve out on certain expenses.

   c. The Debtor may not use cash collateral with respect to any
payments to the Debtor's directors, officers, employees, and agents
in connection with any retention agreements, retention bonuses,
stay bonuses, or severance agreements unless they have been
disclosed to the Prepetition Lender, provided for in the Budget,
and approved by the Court.

The Debtor would use the cash collateral to construct and operate
a telecommunications network in rural areas located in certain
portions of Maricopa and Yavapai Counties.  The Debtor has
furnished to the Prepetition Lender a budget for weekly cash
receipts and expenditures for the period ending Jan. 9, 2015.

                  About Accipiter Communications

Accipiter Communications, Inc., a Phoenix-based company that
provides telecommunications services to unserved or underserved,
mostly rurally-situated residences and businesses in central
Arizona, filed a Chapter 11 bankruptcy petition (Bankr. D. Ariz.
Case No. 14-04372) in its hometown on March 28, 2014.

Accipiter provides telecommunications services to 1,409
residential subscribers and 231 business subscribers, including an
elementary school, an enforcement agency, a fire station, two
municipal water supply facilities, and a bank.

The Debtor is able to provide telecommunications services to rural
customers only by participating in two federal programs: revenue
subsidies from the federal Universal Service Fund, which is
administered under the authority of the Federal Communications
Commission, and capital debt financing provided under a rural
telecommunications loan program administered by the Rural
Utilities Service, an agency of the U.S. Department of
Agriculture.

As of the Petition Date, the Debtor owed $20.8 million in
aggregate principal to the RUS.  The Debtor believes there is
approximately $414,000 in prepetition general unsecured claims
held by trade vendors or other parties against the Debtor.  The
Debtor is a privately held company, with 55.4% of the stock held
by Lewis van Amerongen.  In its schedules, the Debtor listed
$31.3 million in assets and $21.6 million in liabilities.

The bankruptcy case is assigned to Judge George B. Nielsen Jr.

The Debtor has tapped Perkins Coie LLP as counsel.

Ilene J. Lashinsky, U.S. Trustee for Region 14, appointed these
three creditors to serve in the Official Committee of Unsecured
Creditors.  The Committee retained Stinson Leonard Street LLP as
counsel.

The Debtor filed its proposed Plan of Reorganization on Aug. 27,
2014.



ALEXANDRA TRUST: March 20 Hearing on Bid for Case Conversion
------------------------------------------------------------

The Bankruptcy Court presiding over Alexandra Trust's Chapter 11
case will convene a hearing on March 20, 2015, at 9:15 a.m., to
consider (i) Don Bailey's motion for appointment of a Chapter 11
trustee for Alexandra Trust; and (ii) Vicksburg Hotel LLC's motion
to convert the case from Chapter 11 to one under Chapter 7 of the
Bankruptcy Code.

Vicksburg filed a joinder in Don Bailey's trustee motion stating
that Alexandra and Avondale Shipyards, Inc., failed to pay
attorneys' fees to four different Mississippi law firms.  Motions
to withdraw from representation were filed.  Deadlines were running
in the Mississippi lawsuits and Alexandra and Avondale were unable
to find replacement counsel.

Vickburg added that given that one of the co-trustees of the Debtor
Richard Sterritt's history of abuse of the court system,
Alexandra's lack of business operations, gross mismanagement of the
Debtor and the bad faith filing of the Chapter 11, the Court must
convert the case to a Chapter 7 if it does not appoint a chapter 11
trustee.

Vicksburg is asking the Court to convert the case because
conversion is in the best interest of the bankruptcy estate,
creditors and parties-in-interest.  Vicksburg explained that a
Chapter 7 trustee can evaluate the bankruptcy estate's claims,
determine whether to pursue them, dismiss them or settle them, and
bring the Mississippi Litigation to a conclusion.

Vicksburg is represented by:

         William J. Little, Jr.
         LENTZ & LITTLE, P.C.
         2505 14th St., Suite 100
         Gulfport, MS 39501
         Tel: (228) 867-6050
         E-mail: Bill@Lentzlittle.com

               - and -

         Russell W. Mills, Esq.
         HIERSCHE, HAYWARD, DRAKELEY & URBACH, P.C.
         15303 Dallas Parkway, Suite 700
         Addison, TX 75001
         Tel: (972) 701-7000
         Fax: (972) 701-8765
         E-mail: rmills@hhdulaw.com

                       About Alexandra Trust

Garland, Texas-based Alexandra Trust sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. N.D. Tex. Case No. 14-
35049) on Oct. 20, 2014.  The case is assigned to Judge Barbara
J. Houser.  The Debtor's counsel is Arthur I. Ungerman, Esq., in
Dallas, Texas.  In a revised schedules, the Debtor disclosed $861
million in assets and $4.57 million in liabilities as of the
Chapter 11 filing.  The petition was signed by Richard Dale
Sterritt, Jr., trustee.

Don Bailey, a scheduled creditor, says the Debtor is not really a
business to be reorganized.  Its assets, other than a debt-free
residential property, are claimed interests in 22 entities plus
seven potential lawsuits which the Debtor apparently intends to
file in its name to resolve, among other issues, ownership of
several of those entities.



ALSIP ACQUISITION: Wants April 15 as Admin. Expense Bar Date
------------------------------------------------------------
Alsip Acquisition, LLC, et al., are asking the Bankruptcy Court to

set April 15, 2015, as the bar date for filing requests for payment
of administrative expenses arising from the commencement of the
bankruptcy cases through and including Jan. 13.

                      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 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.



AMERICAN ENERGY: Posts $156K Net Loss for Dec. 31 Quarter
---------------------------------------------------------
The American Energy Group, Ltd., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing a
net loss of $156,000 on $126,000 of oil and gas royalties for the
three months ended Dec. 31, 2014, compared to a net income of
$45,300 on $312,000 of oil and gas royalties for the same period in
2013.

The Company's balance sheet at Dec. 31, 2014, showed $5.15 million
in total assets, $1.27 million in total liabilities and total
stockholders' equity of $3.89 million.

At Dec. 31, 2014, the Company's current liabilities exceeded its
current assets and it has recorded negative cash flows from
operations.  In addition, the collection of the Company's oil and
gas sales receivables have been delayed and are subject to the
final outcome of the litigation.  The preceding circumstances
combine 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/sw6U6j
                          
Westport, Connecticut-based The American Energy Group, Ltd.,
operates as an energy resource royalty company.  It owns an
interest in two oil and gas leases located in Southeast Texas; and
holds 18% overriding royalty interest in the Yasin Concession
located in Pakistan.  The Company also holds a 2.5% working
interest on oil and gas production acreage in Sanjawi Block
located in Baluchistan Province and in Zamzama North Block located
in Sindh Province, Pakistan.  The Company was formerly known as
Belize-American Corp. Internationale and changed its name to The
American Energy Group, Ltd. in November 1994.

The Company reported a net loss of $8,660 on $250,000 of revenue
for the three months ended Sept. 30, 2014, compared with a net
income of $74,600 on $312,000 of revenue for the same period last
year.

The Company's balance sheet at Sept. 30, 2014, showed $5.03
million in total assets, $1.12 million in total liabilities, and
stockholders' equity of $3.91 million.


AMERICANN INC: Posts $242K Net Loss for Dec. 31 Quarter
-------------------------------------------------------
Americann, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $242,000 on $30,000 of revenue for the three months ended Dec.
31, 2014, compared with a net loss of $5,700 on $nil of revenue for
the same period during the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $3.43 million
in total assets, $914,000 in total liabilities and stockholders'
equity of $2.51 million.

The Company had an accumulated deficit of $2.32 million and $2.07
million at Dec. 31, 2014 and Sept. 30, 2014, respectively, had a
net loss of $242,000 for the period ended Dec. 31, 2014, and
working capital of $93,000 at Dec. 31, 2014.  These matters, among
others, raise substantial doubt about its ability to continue as a
going concern.  While the Company is attempting to increase
operations and generate additional revenues, the Company's cash
position may not be significant enough to support the Company's
daily operations.

A copy of the Form 10-Q is available at:
                              
                       http://is.gd/w8BFXe
                          
AmeriCann, Inc., provides various services to the regulated
cannabis industry worldwide.  The company offers real estate
development, research, consulting, and capital to the medical
marijuana industry.  It is also involved in the design and
construction of indoor cultivation and greenhouse facilities;
operation of cultivation facility; and provision of license
procurement services.  The company was formerly known as Nevada
Health Scan, Inc. and changed its name to AmeriCann, Inc. in
February 2014.  AmeriCann, Inc. was founded in 2010 and is based in
Denver, Colorado.


ASHER INVESTMENT: Settlement with Israel Discount Bank Approved
---------------------------------------------------------------
Asher Investment Properties, LLC, obtained bankruptcy court
approval of a Settlement Agreement between the Debtor, Yossi Dina,
Ben Jewelry, Inc., and Israel Discount Bank of New York ("IDB")
permitting the resolution of disputes concerning the amount of
IDB's claim against the Estate and BJI and Yossi as guarantors of
the Debtor's debt to IDB.

Asher owns and leases out a building located at 249-251 South
Beverly Drive, Beverly Hills, Calif., to Ben Jewelry, Inc., under a
triple net lease with a monthly rental payment of $35,000.  The
Debtor believes that the Property is worth substantially more than

$10,000,000.  The Property is subject to a first priority trust
deed securing a loan from IDB to Asher and a second priority trust
deed securing loans from the Itkin Living Trust dated March 12,
2008, to Asher.  As further security for the Itkin Loan, in 2012,
the Itkin Trust obtained a purported 50% membership interest in
Asher subject to being redeemed for the sum of $1 upon payment of
the Itkin Loan.

The salient terms of the Settlement Agreement are:

   a. The Settlement Agreement is subject to the approval by this
Court and entry of an order granting this Motion in a form approved
by IDB's counsel and entered on or before March 2, 2015.

   b. The Debtor agrees to the allowance of a secured claim in
favor of IDB in the amount owed under the Loan Documents which, as
of    Feb. 9, 2015 consisted of $5,315,681 in principal, $672,411
in accrued and unpaid interest and $6,456 in costs and expenses for
a total of $5,994,548.

   c. The Debtor will pay to IDB an amount equal to all of the Debt
(including all of the amounts which accrue under the terms of the
Loan Documents after February 9, 2015) (the "Payment").  The date
on which the entire Payment is paid in cash and in full by Asher
and collected by IDB shall be the "Payment Date".  Notwithstanding
the foregoing, in the event that the Payment Date occurs on or
before March 2, 2015, the Payment will be discounted by $50,000.

   d. Broad releases of claims are given by the Parties with IDB's
release of the Asher Parties et al effective as of the Payment
Date.

Ira Benjamin Katz, Esq., of Gershuni & Katz, representing the
Debtor, states that the Compromise should be approved because it
is supported by sound justification: it provides the Estate a
$50,000 discount on the amount of the Debt asserted by IDB; avoids

the burden, expense and uncertainty of the Debtor having to seek
confirmation of its plan of reorganization over IDB's anticipated
objection and the burden, expense and uncertainty of the appeal
that would almost certainly follow the Court's ruling on whether
the Entz-White holding is still good law in the 9 Circuit; avoids
the burden, expense and uncertainty of litigation over the th
amount of IDB's claim based on applicable state law; allows the
Debtor to refinance the Property at a lower interest rate than the

default interest rate currently being charged by IDB; and
facilitates the Debtor being able to dismiss its case without
having to confirm a plan of reorganization.  Moreover, pursuant to

the terms of the Itkin Settlement Agreement, the Debtor must pay
off the IDB Loan or obtain the Itkin Trust's consent to its making

the First Settlement Payment to the Itkin Trust prior to making
such payment which is due no later than March 2, 2015.

                      About Asher Investment

Asher Investment Properties, LLC, owner of a $10 million property
in Beverly Hills, California, filed a Chapter 11 bankruptcy
petition (Bankr. C.D. Cal. Case No. 14-21172) in Los Angeles, on
June 6, 2014.  Yossi Dina signed the petition as managing member.
Asher, a Single Asset Real Estate as defined in 11 U.S.C. Sec.
101(51B), disclosed $11.5 million in assets and $10.7 million in
liabilities.  Gershuni & Kate, ALC, serves as the Debtor's
counsel.  Hon. Barry Russell presides over the case.



ASPEN GROUP: CEO Extends Due Dates of Notes to July 2016
--------------------------------------------------------
Michael Mathews, the Chairman of the Board and chief executive
officer of Aspen Group, Inc., extended the due dates of his three
outstanding notes to July 31, 2016, according to a Form 8-K report
filed with the Securities and Exchange Commission.  Prior to the
amendments, the outstanding notes had expiration dates of Jan. 31,
2016.  The securities were issued and sold in reliance upon the
exemption from registration contained in Section 4(a)(2) of the
Securities Act of 1933 and Rule 506(b) promulgated thereunder.

On March 10, 2015, Mr. Mathews presented at the 27th Annual Roth
Conference in Dana Point, California.  Mr. Mathews' presentation
included an overview of the Company's debtless education business
model.  A copy of the presentation is available for free at:

                        http://is.gd/m96sUx

                         About Aspen Group

Denver, Colo.-based Aspen Group, Inc., was founded in Colorado in
1987 as the International School of Information Management.  On
Sept. 30, 2004, it was acquired by Higher Education Management
Group, Inc., and changed its name to Aspen University Inc.  On
May 13, 2011, the Company formed in Colorado a subsidiary, Aspen
University Marketing, LLC, which is currently inactive.  On
March 13, 2012, the Company was recapitalized in a reverse merger.

Aspen's mission is to become an institution of choice for adult
learners by offering cost-effective, comprehensive, and relevant
online education.  Approximately 88 percent of the Company's
degree-seeking students (as of June 30, 2012) were enrolled in
graduate degree programs (Master or Doctorate degree program).
Since 1993, the Company has been nationally accredited by the
Distance Education and Training Council, a national accrediting
agency recognized by the U.S. Department of Education.

Aspen Group incurred a net loss of $5.35 million for the year
ended April 30, 2014.  The Company also reported a net loss of
$1.40 million for the four months ended April 30, 2013.  The
Company reported a net loss of $6 million in 2012 as compared
with a net loss of $2.13 million in 2011.

As of Oct. 31, 2014, the Company had $5.36 million in total
assets, $3.49 million in total liabilities and $1.87 million in
total stockholders' equity.


BATE LAND: Has Until April 1 to Obtain Confirmation of Plan
-----------------------------------------------------------
U.S. Bankruptcy Judge Stephani W. Humrickhouse extended until April
1, 2015, Bate Land & Timber, LLC's time to obtain confirmation of
the its Plan of Reorganization.

The Debtor filed its Plan of Reorganization on Aug. 30, 2013 (as
amended on Dec. 23, 2013, and clarified on Jan. 3, 2014).  On Jan.
15, 2015, the Court entered an order regarding the Plan.
Bankruptcy Judge Stephani W. Humrickhouse ruled that:

     (1) the debtor has satisfied the plan confirmation
requirements of 11 U.S.C. Sec. 1129(a), contrary to the arguments
of creditor Bate Land Company, LP;

     (2) the fair market value of the Broad Creek tract is
$3,143,000 and the fair market value of the Bay River/Smith Creek
tract is $5,700,000;

     (3) the allowed secured claim of BLC is between $14,931,823
and $15,411,284;

     (4) the court cannot determine whether the plan complies with
Sec. 1129(b) until the debtor identifies additional tracts to
surrender and/or opts to amortize the remaining amount of the
secured claim of BLC;

     (5) BLC's motion for relief from stay is denied, and

     (6) a hearing will be scheduled to determine the amount of
BLC's secured claim.

                     About Bate Land & Timber

Willotte, North Carolina-based Bate Land & Timber, LLC, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D.N.C. Case No. 13-04665) on July 25, 2013.  Judge Stephani W.
Humrickhouse oversees the Chapter 11 case.

The Debtor, in amended schedules, disclosed $53,477,624 in assets
and $74,162,211 liabilities as of the Chapter 11 filing.  The
petition was signed by Brad Cheers, manager.

The Bankruptcy Administrator for the Eastern District of North
Carolina was unable to organize and recommend the appointment of a
committee of creditors holding unsecured claims against the
Debtor.


BERRY PLASTICS: Stockholders Elect Three Returning Directors
------------------------------------------------------------
Berry Plastics Group, Inc., held its 2015 annual meeting of
stockholders on March 4, 2015, at which the Company's
stockholders:

  (i) approved the election of three returning directors to the
      Company's Board of Directors, namely: Robert A. Steele,
      Jonathan D. Rich and Robert V. Seminara, each for a term of
      three years;

(ii) approved the proposed Amended and Restated Certificate of
      Incorporation;

(iii) approved the adoption of the 2015 Berry Plastics Group, Inc.

      Long-Term Incentive Plan; and

(iv) ratified Ernst & Young LLP as the Company's independent
      registered public accountants for the fiscal year ending
      Sept. 26, 2015.

Effective March 4, 2015, upon approval by the Company's
stockholders at the Annual Meeting, Berry Plastics adopted the 2015
Berry Plastics Group, Inc. Long-Term Incentive Plan.  Also on March
4, 2015, the Board of Directors amended the 2006 Equity Incentive
Plan and the 2012 Long-Term Incentive Plan to prohibit the future
grant of any awards under either of the Former Plans.

On March 6, 2015, the Company filed the Amended and Restated
Certificate of Incorporation with the Secretary of State of the
State of Delaware.  The Certificate amends and restates a number of
obsolete provisions relating to the ownership of the Company's
common stock by certain investment vehicles affiliated with Apollo
Management V, L.P. and Apollo Management VI, L.P. and by certain
affiliates of Graham Partners, Inc. and the Amended and Restated
Stockholders Agreement, dated Oct. 10, 2012, by and among the
Company and certain stockholders.  The Certificate was approved by
the Company's stockholders at the Annual Meeting held on March 4,
2015.

                       About Berry Plastics

Berry Plastics Corporation manufactures and markets plastic
packaging products, plastic film products, specialty adhesives and
coated products.  At Jan. 2, 2010, the Company had more than 80
production and manufacturing facilities, primarily located in the
United States.  Berry is a wholly-owned subsidiary of Berry
Plastics Group, Inc.  Berry Group is primarily owned by affiliates
of Apollo Management, L.P., and Graham Partners.  Berry, through
its wholly owned subsidiaries operates five reporting segments:
Rigid Open Top, Rigid Closed Top, Flexible Films, Tapes/Coatings
and Specialty Films.  The Company's customers are located
principally throughout the United States, without significant
concentration in any one region or with any one customer.

On Dec. 3, 2009, Berry Plastics obtained control of 100 percent of
the capital stock of Pliant upon Pliant's emergence from
reorganization pursuant to a proceeding under Chapter 11 for a
purchase price of $602.7 million.  Pliant is a manufacturer of
films and flexible packaging for food, personal care, medical,
agricultural and industrial applications.

As of Dec. 27, 2014, Berry Plastics had $5.17 billion in assets,
$5.26 billion in liabilities, $13 million in redeemable
non-controlling interest, and a $106 million stockholders'
deficit.

                           *     *     *

As reported by the TCR on Jan. 30, 2015, Moody's Investors Service
upgraded the corporate family rating of Berry Plastics to 'B1' from
'B2'.  The upgrade of the corporate family rating reflects the
pro-forma benefits from the recent restructuring and acquisitions.



BLACKBOARD INC: S&P Retains 'B+' CCR Over $85MM Term Loan Add-On
----------------------------------------------------------------
Standard & Poor's Ratings Services said its 'B+' issue-level and
'2' recovery ratings on Washington, D.C.-based educational
technology company Blackboard Inc.'s (B/Stable/--) existing
first-lien senior secured credit facility remain unchanged
following the proposed $85 million incremental term loan B-3.  The
'2' recovery rating indicates S&P's expectation of substantial (70%
to 90%; lower half of the range) recovery in the event of a
default.  The terms and conditions for the incremental term loan
are the same as those for the existing first-lien term loan B-3.

Blackboard intends to use the add-on loan to partially fund its
$91.5 million acquisition of Schoolwires Inc., a provider of online
communications and Web management solutions to the K-12 education
market.  The acquisition does not affect S&P's corporate credit
rating or outlook on Blackboard.  Despite the slight uptick in pro
forma leverage to 7.5x from the current 7.3x, Standard & Poor's
expects that Blackboard's fairly stable and consistent operating
performance will allow it to reduce pro forma leverage to the
low-7x area over the next 12 months.

The corporate credit rating on Blackboard is based on S&P's
assessment of the company's "fair" business risk profile, which
reflects its leading position in the niche learning management
technology market, strong brand recognition, and fairly good
revenue visibility.  The company's highly leveraged capital
structure and aggressive acquisition strategy partially offset
those factors.  Given the company's leverage in excess of 7x, S&P
views Blackboard's financial risk profile as "highly leveraged."

RATINGS LIST

Blackboard Inc.
Corporate Credit Rating                   B/Stable/--
  $952.2 mil. first-lien term loan due 2018
  Senior Secured                           B+
   Recovery Rating                         2L



BON-TON STORES: BlackRock Reports 4.9% Stake as of Feb. 28
----------------------------------------------------------
BlackRock, Inc., disclosed in an amended Schedule 13G filed with
the Securities and Exchange Commission that as of Feb. 28, 2015, it
beneficially owned 865,820 shares of common stock of
Bon-Ton Stores Inc., which represents 4.9 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/kcSKB7

                       About Bon-Ton Stores

The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 273 stores, which
includes 10 furniture galleries and four clearance centers, in 26
states in the Northeast, Midwest and upper Great Plains under the
Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman,
Herberger's and Younkers nameplates.  The stores offer a broad
assortment of national and private brand fashion apparel and
accessories for women, men and children, as well as cosmetics and
home furnishings.  Visit the Web site at
http://investors.bonton.com/     

Bon-Ton Stores reported a net loss of $3.55 million for the fiscal
year ended Feb. 1, 2014, a net loss of $21.6 million for the year
ended Feb. 2, 2013, and a net loss of $12.1 million for the year
ended Jan. 28, 2012.

As of Nov. 1, 2014, the Company had $1.82 billion in total assets,
$1.78 billion in total liabilities, and $48.7 million in total
shareholders' equity.

                           *     *     *

As reported by the TCR on May 15, 2013, Moody's Investors Service
upgraded Bon-Ton Stores's Corporate Family Rating to 'B3' from
'Caa1' and its Probability of Default Rating to 'B3-PD' from
'Caa1-PD'.

"The upgrade of Bon-Ton's Corporate Family Rating considers the
company's ability to drive modest same store sales growth as well
as operating margin expansion beginning in the second half of 2012
and that these positive trends have continued, with the company
reporting that its same store were positive, and EBITDA margins
expanded, in the first fiscal quarter of 2013," said Moody's Vice
President Scott Tuhy.

As reported by the TCR on May 17, 2013, Standard & Poor's Ratings
Services affirmed the 'B-' corporate credit rating on Bon-Ton
Stores.


BPZ RESOURCES: FMR LLC No Longer Owns Shares as of March 9
----------------------------------------------------------
FMR LLC, Edward C. Johnson 3d and Abigail P. Johnson disclosed in
an amended Schedule 13G filed with the Securities and Exchange
Commission that as of March 9, 2015, they no longer owned shares of
common stock of BPZ Resources.

Edward C. Johnson 3d is a director and the Chairman of FMR LLC and
Abigail P. Johnson is a director, the vice chairman, the chief
executive officer and the president of FMR LLC.

A copy of the regulatory filing is available for free at:

                        http://is.gd/RohVY3

                        About BPZ Resources

BPZ Energy -- http://www.bpzenergy.com/-- which trades as BPZ
Resources, Inc., under ticker symbol BPZ on the New York Stock
Exchange and the Bolsa de Valores in Lima, is an independent oil
and gas exploration and production company which has license
contracts covering 1.9 million net acres in offshore and onshore
Peru.  BPZ Resources maintains an office in Victoria, Texas, and
through its subsidiaries maintains offices in Lima and Tumbes, Peru
and Quito, Ecuador.

BPZ Resources sought Chapter 11 protection (Bankr. S.D. Tex. Case
No. 15-60016) in Victoria, Texas, on March 9, 2015.  The case is
pending before the Honorable David R. Jones.

The Debtor has tapped Stroock & Stroock & Lavan LLP as bankruptcy
counsel, Hawash Meade Gaston Neese & Cicack LLP, as local Texas
counsel, Houlihan Lokey Capital, Inc., as investment banker, Baker
Hostetler, as the audit committee's special counsel; and Kurtzman
Carson Consultants as claims and noticing agent.

The Debtor disclosed total assets of $364 million and debt of
$275 million.


BRIAR'S CREEK: Keen-Summit to Hold Auction on April 29
------------------------------------------------------
Keen-Summit Capital Partners LLC will hold a bankruptcy auction for
the property of The Golf Club at Briar's Creek on April 29, 2015.
Interested parties are required to make a minimum bid of $11.8
million no later than April 24, 2015.  The firm can be reached at
(646) 381-9222.  The sale is subject to bankruptcy court approval.

                       About Briar's Creek

Briar's Creek Golf, LLC, sought Chapter 11 protection (Bankr. D.
S.C. Case No. 15-00712) in Charleston, South Carolina, on Feb. 9,
2015.  The Debtor is represented by G. William McCarthy, Jr., Esq.,
Daniel J. Reynolds, Jr., Esq., and W. Harrison Penn, Esq., at
McCarthy Law Firm, LLC, in Columbia, South Carolina.

The Debtor owns The Golf Club at Briar's Creek, in Johns Island,
South Carolina.  The Debtor disclosed that the property's value is
unknown and the property secures $6.74 million of debt.  Secured
creditors Edward L. Myrick Sr. and South Coast Community Bank are
owed $3.89 million and $2.85 million.

The Debtor is pursuing a sale of substantially all of its assets to
Briar's Creek Holdings, LLC, for a purchase price of $11.3 million,
which consists of $7.4 million in cash and assumption of the $3.9
million secured debt owed to Edward L. Myrick, Sr., plus assumption
of the post-closing liabilities under the Debtor's executory
contracts.


BRUSH CREEK: Files 4th Amended Reorganization Plan
--------------------------------------------------
Brush Creek Airport, LLC, filed with the U.S. Bankruptcy Court for
the District of Colorado a fourth amended plan of reorganization
and accompanying disclosure statement, which Plan will be funded by
proceeds from the sale lots in the Buckhorn Ranch Subdivision and
the operation of the Upper East River Water Company.

All classes of claims are impaired.  Under the Plan, the
Reorganized Debtor will satisfy the secured claims either from the
proceeds of the sale of the lots securing the claims or out of the
proceeds generated by the collateral securing those claims.

Pursuant to an amended settlement agreement, the Debtor and
Buckhorn Ranch Association, Inc., which holds the only general
unsecured claim against the Debtor, agreed to completely release
and waive any existing claims against one another except as stated
in the settlement agreement.  The Debtor also agrees to begin
paying its ordinary dues and assessment to the Association
beginning on Jan. 1, 2015, in the approximate amount of $11,640.

The Bankruptcy Court has set March 16, 2015, as deadline for
parties to file their objections to the disclosure statement
explaining the Debtor's amended Chapter 11 plan.

A full-text copy of the Disclosure Statement dated March 10, 2015,
is available at http://bankrupt.com/misc/BRUSHCREEKds0310.pdf

                    About Brush Creek Airport

Brush Creek Airport, LLC, is the real estate developer of the
Buckhorn Ranch Subdivision in unincorporated Gunnison County, near
Crested Butte, Colorado. The Buckhorn Ranch Subdivision consists of
249 lots and features a private airstrip and fishing and
recreational licenses for a portion of the Upper East River.  It
owns 97 improved lots in the Buckhorn Ranch Subdivision that are
available for construction, but upon which no homes have been
built.  It also owns the Upper East River Water Company, LLC, which
provides water taps for lots and water services for homes in the
subdivision.

Brush Creek Airport, LLC filed a Chapter 11 bankruptcy petition
(Bankr. D. Col. Case No. 14-14630) in Denver on April 10, 2014.
The Debtor estimated assets of $10 million to $50 million and debt
of $1 million to $10 million.

The Debtor has employed Sender Wasserman Wadsworth, P.C. as counsel
and 5280 Accounting Services, LLC as accountants and bookkeepers.


CAL DIVE: Can Employ Kurtzman as Claims & Noticing Agent
--------------------------------------------------------
Cal Dive International, Inc., et al., sought and obtained authority
from the U.S. Bankruptcy Court for the District of Delaware to
employ Kurtzman Carson Consultants LLC as claims and noticing
agent.

KCC will provide the following bankruptcy administration services:

   (a) Prepare and serve required notices and documents in the
Chapter 11 cases in accordance with the Bankruptcy Code and the
Federal Rules of Bankruptcy Procedure in the form and manner
directed by the Debtors and/or the Court, including: (i) notice of
the commencement of the Chapter 11 cases, (ii) notice of any claims
bar date, (iii) notices of transfers of claims (if any), (iv)
notices of objections to claims and objections to transfers of
claims (if any), (v) notices of any hearings on a disclosure
statement and confirmation of the Debtors' Plan, including under
Federal Rule of Bankruptcy Procedure 3017(d), (vi) notice of the
effective date of the Plan, and (vii) all other notices, orders,
pleadings, publications, and other documents as the Debtors or
Court may deem necessary or appropriate for an orderly
administration of these chapter 11 cases;

   (b) Maintain an official copy of the Debtors' schedules of
assets and liabilities and statements of financial affairs, listing
the Debtors' known creditors and the amounts owed, if requested;

   (c) Maintain (i) a list of all potential creditors, equity
holders, and any parties in interest and (ii) a "core" mailing list
consisting of all parties described in Federal Rule of Bankruptcy
Procedure 2002(i), (j), and (k) and those parties that have filed a
notice of appearance under Federal Rule of Bankruptcy Procedure
9010; update and make those lists available upon request by any
party in interest or the Clerk;

   (d) Furnish a notice to all potential creditors of the last date
for filing proofs of claim and a form for filing a proof of claim,
after such notice and form are approved by the Court, and notify
potential creditors of the existence, amount, and classification of
their respective claims as set forth in the Schedules, which KCC
can carry out by including such information (or the lack thereof,
in cases where the Schedules indicate no debt due to the subject
party) on a customized proof of claim form provided to potential
creditors;

   (e) For all notices, motions, orders, or other pleadings or
documents served, prepare and file or cause to be filed with the
Clerk an affidavit or certificate of service within seven business
days of service that includes: (i) either a copy of the notice
served or the docket number(s) and title(s) of the pleading(s)
served, (ii) an alphabetical list of persons to whom it was mailed
with their addresses, (iii) the manner of service, and (iv) the
date served;

   (f) Process any proofs of claim received, including those
received by the Clerk, check processing for accuracy, and maintain
the original proofs of claim in a secure area;

   (g) Maintain the official claims register (if any) for each
Debtor on behalf of the Clerk; provide the Clerk, upon the Clerk's
request, with certified, duplicate unofficial Claims Registers; and
specify in the Claims Registers the following information for each
claim docketed: (i) the claim number assigned, (ii) the date
received, (iii) the name and address of the claimant and agent, if
applicable, who filed the claim, (iv) the amount asserted, (v) the
asserted classification(s) of the claim (e.g., secured, unsecured,
priority), (vi) the applicable Debtor, and (vii) any disposition of
the claim;

   (h) Implement necessary security measures to ensure the
completeness and integrity of the Claims Registers and the
safekeeping of the original claims;

   (i) Record any transfers of claims and provide any notices of
those transfers as required by Federal Rule of Bankruptcy Procedure
3001(e);

   (j) Relocate, by messenger or overnight delivery, any
court-filed proofs of claim to KCC's offices, not less than weekly;


   (k) Upon completion of the docketing process for any claims
received to date for each case, provide to the Clerk copies of the
Claims Registers for the Clerk's review;

   (l) Monitor the Court's docket for all notices of appearance,
address changes, and claims-related pleadings and orders filed and
make necessary notations on or changes to the Claims Register and
any service or mailing lists, including the identification and
elimination of duplicative names and addresses from those lists;

   (m) Identify and correct any incomplete or incorrect addresses
in any mailing or service lists;

   (n) Assist in the dissemination of information to the public and
respond to requests for administrative information on the Chapter
11 cases as directed by the Debtors or the Court, including through
a case website or call center;

   (o) If the Chapter 11 cases are converted to cases under Chapter
7 of the Bankruptcy Code, contact the Clerk's office within three
days of notice to KCC of entry of the order converting the cases;

   (p) Thirty days before the close of the Chapter 11 cases, to the
extent practicable, request that the Debtors submit to the Court a
proposed order dismissing KCC as Claims and Noticing Agent and
terminating its services in such capacity upon completion of its
duties and responsibilities and upon the closing of the Chapter 11
cases;

   (q) Within seven days of notice to KCC of entry of an order
closing the Chapter 11 cases, provide to the Court the final
version of the Claims Registers as of the date immediately before
the close of the Chapter 11 cases; and

   (r) At the close of the Chapter 11 cases, box and transport all
original documents, in proper format, as provided by the Clerk's
office, to (i) the Federal Archives Record Administration, located
at Central Plains Region, 200 Space Center Drive, Lee's Summit, MO
64064 or (ii) any other location requested by the Clerk's office.

Prior to the Petition Date, the Debtors provided KCC a $50,000
retainer.

The Debtors will pay KCC the following hourly rates:

   Director/Senior Managing Consultant             $175
   Consultant/Senior Consultant                  $70-$160
   Project Specialist                            $50-$95
   Technology/Programming Consultant             $45-$85
   Clerical                                      $25-$45
   Solicitation Lead/Securities Director           $215
   Senior Securities Consultant                    $200

The firm will also be reimbursed for any necessary out-of-pocket
expenses.

Evan Gershbein, the Senior Vice President of Corporate
Restructuring Services of Kurtzman Carson Consultants LLC, assures
the Court that the firm is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors or their estates.

                   About Cal Dive International

Cal Dive International, Inc., headquartered in Houston, Texas, is
a
marine contractor that provides manned diving, pipelay and pipe
burial, platform installation and salvage, and light well
intervention services to the offshore oil and natural gas industry
on the Gulf of Mexico OCS, Northeastern U.S., Latin America,
Southeast Asia, China, Australia, West Africa, the Middle East,
and
Europe, with a diversified fleet of dive support vessels and
construction barges.

Cal Dive had decided not to pay $2.2 million in interest due Jan.
15, 2015, on its 5.00% convertible senior notes due 2017.

Cal Dive and its U.S. subsidiaries filed simultaneous voluntary
petitions (Bankr. D. Del. Lead Case No. 15-10458) on March 3,
2015.
Through the Chapter 11 process, the Company intends to sell
non-core assets and intends to reorganize or sell as a going
concern its core subsea contracting business.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel,
O'Melveny & Myers LLP, as co-counsel; and Kurtzman Carson
Consultants, LLC, as claims and noticing agent.


CAL DIVE: Court Issues Joint Administration Order
-------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware issued an order directing joint administration
of the Chapter 11 cases of Cal Dive International, Inc., and its
debtor affiliates under lead case no. 15-10458 (CSS).

                   About Cal Dive International

Cal Dive International, Inc., headquartered in Houston, Texas, is
a
marine contractor that provides manned diving, pipelay and pipe
burial, platform installation and salvage, and light well
intervention services to the offshore oil and natural gas industry
on the Gulf of Mexico OCS, Northeastern U.S., Latin America,
Southeast Asia, China, Australia, West Africa, the Middle East,
and
Europe, with a diversified fleet of dive support vessels and
construction barges.

Cal Dive had decided not to pay $2.2 million in interest due Jan.
15, 2015, on its 5.00% convertible senior notes due 2017.

Cal Dive and its U.S. subsidiaries filed simultaneous voluntary
petitions (Bankr. D. Del. Lead Case No. 15-10458) on March 3,
2015.
Through the Chapter 11 process, the Company intends to sell
non-core assets and intends to reorganize or sell as a going
concern its core subsea contracting business.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel,
O'Melveny & Myers LLP, as co-counsel; and Kurtzman Carson
Consultants, LLC, as claims and noticing agent.


CAL DIVE: Court Issues Sec. 362 Stay Order
------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware issued an order confirming the protections of
Sections 362, 365 and 525 of the Bankruptcy Code and restraining
any action in contravention of those statutes in the Chapter 11
cases of Cal Dive International, Inc., et al.

Pursuant to the Order, Judge Sontchi stays, restrains and enjoins
all persons from, among other things, commencing or continuing any
judicial, administrative, or other action or proceeding against the
Debtors that was or could have been commenced before the Petition
Date or recovering a claim against the Debtors that arose before
the Petition Date.

                   About Cal Dive International

Cal Dive International, Inc., headquartered in Houston, Texas, is
a
marine contractor that provides manned diving, pipelay and pipe
burial, platform installation and salvage, and light well
intervention services to the offshore oil and natural gas industry
on the Gulf of Mexico OCS, Northeastern U.S., Latin America,
Southeast Asia, China, Australia, West Africa, the Middle East,
and
Europe, with a diversified fleet of dive support vessels and
construction barges.

Cal Dive had decided not to pay $2.2 million in interest due Jan.
15, 2015, on its 5.00% convertible senior notes due 2017.

Cal Dive and its U.S. subsidiaries filed simultaneous voluntary
petitions (Bankr. D. Del. Lead Case No. 15-10458) on March 3,
2015.
Through the Chapter 11 process, the Company intends to sell
non-core assets and intends to reorganize or sell as a going
concern its core subsea contracting business.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel,
O'Melveny & Myers LLP, as co-counsel; and Kurtzman Carson
Consultants, LLC, as claims and noticing agent.


CAL DIVE: Has Interim Approval of Equity Transfer Protocol
----------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware gave Cal Dive International, Inc., et al.,
interim authority to establish notice and hearing procedures for
transferring or claiming a worthless stock deduction for equity
securities.

The procedures provide that any person or entity who current is or
becomes a substantial shareholder must file with the Court a notice
of that status immediately after becoming a substantial
shareholder.

A "Substantial Shareholder" is any person or entity that
beneficially owns at least 4,416,069 shares -- representing
approximately 4.5% of tthe 98,134,871 issued and outstanding -- of
the common stock of Cal Dive.

The final hearing on the motion will be held on March 30, 2015, at
2:00 p.m. (prevailing Eastern Time).  Any objections or responses
to entry of a final order on the motion must be filed on or before
March 23.

                   About Cal Dive International

Cal Dive International, Inc., headquartered in Houston, Texas, is
a
marine contractor that provides manned diving, pipelay and pipe
burial, platform installation and salvage, and light well
intervention services to the offshore oil and natural gas industry
on the Gulf of Mexico OCS, Northeastern U.S., Latin America,
Southeast Asia, China, Australia, West Africa, the Middle East,
and
Europe, with a diversified fleet of dive support vessels and
construction barges.

Cal Dive had decided not to pay $2.2 million in interest due Jan.
15, 2015, on its 5.00% convertible senior notes due 2017.

Cal Dive and its U.S. subsidiaries filed simultaneous voluntary
petitions (Bankr. D. Del. Lead Case No. 15-10458) on March 3,
2015.
Through the Chapter 11 process, the Company intends to sell
non-core assets and intends to reorganize or sell as a going
concern its core subsea contracting business.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel,
O'Melveny & Myers LLP, as co-counsel; and Kurtzman Carson
Consultants, LLC, as claims and noticing agent.


CAL DIVE: Quin Hebert to Act as CDOCI Foreign Representative
------------------------------------------------------------
Cal Dive International, Inc., et al., sought and obtained authority
from Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware for Quin Hebert to act as foreign
representative of Cal Dive Offshore Contractors, Inc. (CDOCI)
pursuant to Section 1505 of the Bankruptcy Code.

Mr. Hebert, in his capacity as chief executive officer and member
of the board of CDOCI, is authorized to act as the foreign
representative of CDOCI in any judicial or other proceeding in
Mexico, and may act in any way permitted by applicable foreign law,
including, without limitation, (i) seeking recognition of CDOCI's
Chapter 11 case in any Mexican proceeding, and (ii) requesting that
the Mexican courts lend assistance to the U.S. Court in protecting
the property of CDOCI's assets.

                   About Cal Dive International

Cal Dive International, Inc., headquartered in Houston, Texas, is
a
marine contractor that provides manned diving, pipelay and pipe
burial, platform installation and salvage, and light well
intervention services to the offshore oil and natural gas industry
on the Gulf of Mexico OCS, Northeastern U.S., Latin America,
Southeast Asia, China, Australia, West Africa, the Middle East,
and
Europe, with a diversified fleet of dive support vessels and
construction barges.

Cal Dive had decided not to pay $2.2 million in interest due Jan.
15, 2015, on its 5.00% convertible senior notes due 2017.

Cal Dive and its U.S. subsidiaries filed simultaneous voluntary
petitions (Bankr. D. Del. Lead Case No. 15-10458) on March 3,
2015.
Through the Chapter 11 process, the Company intends to sell
non-core assets and intends to reorganize or sell as a going
concern its core subsea contracting business.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel,
O'Melveny & Myers LLP, as co-counsel; and Kurtzman Carson
Consultants, LLC, as claims and noticing agent.


CALMENA ENERGY: Canadian Case Recognized as Foreign Main Proceeding
-------------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas
entered an order granting the petition filed by Ernst & Young Inc.,
as the court-appointed receiver of Calmena Energy Services Inc., et
al., recognizing the Debtors' cases as foreign main proceeding
under Chapter 15 of the U.S. Bankruptcy Code.

As reported in the Troubled Company Reporter on Feb. 13, 2015, E&Y
asserted that the Canadian Proceeding is a foreign main proceeding
within the meaning of 11 U.S.C. Section 1502(4) because the
Debtors' center of main interests is in Canada.  The Debtors have
operations in various resource basis internationally, including
locations in the United States (Conroe and Oklahoma City), Mexico,
Libya, and Colombia, but the Calmena Entities' headquarters is
unquestionably anchored in Calgary as all of the CESI's directors,
officers, senior management, financial services, strategic
operations, safety auditors, and investor relations are located in
Calgary, R. Andrew Black, Esq., at Norton Rose Fulbright US LLP, in
Houston, Texas, tells the U.S. Court.

Mr. Black related that as of the Petition Date, the U.S. Debtors do
not have any active drilling contracts in the United States or
Canada, and the Receiver has already terminated the majority of the
employees in the United States and Canada.  Moreover, most of the
rigs used by the Debtors are owned by Non-Debtor Entities and
leased to the Debtors as necessary, Mr. Black says.  The only
ongoing operations by the Calmena Entities are existing contracts
by Non-Debtor Entities in Mexico and the remaining assets of the
Debtor entity are tools, equipment, and inventory at the Conroe and
Oklahoma City locations, as well as the assets at the corporate
offices in Calgary, Mr. Black added.

                           About Calmena Energy

Ernst & Young Inc., as foreign representative, filed petitions
under Chapter 15 of the U.S. Bankruptcy Code on behalf of Calgary,
Canada-based Calmena Energy Services Inc. and its three affiliates.
The lead Chapter 15 case is Case No. 15-30786.  The case is
assigned to Judge Karen K. Brown of the U.S. Bankruptcy Court for
the Southern District of Texas (Houston).

The Chapter 15 petitioner is represented by Robert Andrew Black,
Esq., at Norton Rose Fulbright LLP, in Houston, Texas.


CATASYS INC: 2015 Investor Presentation
---------------------------------------
Catasys, Inc., filed with the Securities and Exchange Commission a
copy of its investor presentation entitled "The Health Plan
Solution to the High Cost of Substance Abuse", which is available
for free at http://is.gd/Xjptaq

                         About Catasys Inc.

Based in Los Angeles, California, Hythiam, Inc., n/k/a Catasys,
Inc., is a healthcare services management company, providing
through its Catasys(R) subsidiary specialized behavioral health
management services for substance abuse to health plans.

Catasys reported a net loss of $4.67 million on $866,000 of total
revenues for the 12 months ended Dec. 31, 2013, as compared with a
net loss of $11.6 million on $541,000 of total revenues during
the prior year.

Rose, Snyder & Jacobs LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has incurred significant operating losses and
negative cash flows from operations during the year ended Dec. 31,
2013.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

                         Bankruptcy Warning

"Our financial statements have been prepared on the basis that we
will continue as a going concern.  At September 30, 2014, cash and
cash equivalents amounted to $1.5 million and we had a working
capital deficit of approximately $1.5 million.  In January 2014,
May 2014, and September 2014, we closed on financings of
approximately $1.0, $1.5, and $1.5 million, respectively.  We have
incurred significant operating losses and negative cash flows from
operations since our inception.  During the nine months ended
September 30, 2014, our cash used in operating activities of
continuing operations was $3.4 million.  We anticipate that we
could continue to incur negative cash flows and net losses for the
next twelve months.  The financial statements do not include any
adjustments relating to the recoverability of the carrying amount
of the recorded assets or the amount of liabilities that might
result from the outcome of this uncertainty.  As of September 30,
2014, these conditions raised substantial doubt as to our ability
to continue as a going concern.  We expect our current cash
resources to cover expenses through the end of December 2014,
however delays in cash collections, revenue, or unforeseen
expenditures, could negatively impact our estimate.  We are in
need of additional capital, however, there is no assurance that
additional capital can be timely raised in an amount which is
sufficient for us or on terms favorable to us and our
stockholders, if at all.  If we do not obtain additional capital,
there is a significant doubt as to whether we can continue to
operate as a going concern and we will need to curtail or cease
operations or seek bankruptcy relief.  If we discontinue
operations, we may not have sufficient funds to pay any amounts to
stockholders," the Company stated in its quarterly report for the
period ended Sept. 30, 2014.


CHARLES SCHWAB: Fitch Affirms 'BB+' Preferred Stock Rating
----------------------------------------------------------
Fitch Ratings has affirmed the ratings of Charles Schwab
Corporation at 'A/F1'.  The Rating Outlook is Stable.

KEY RATING DRIVERS - IDR and Senior Debt:

The rating affirmation reflects Schwab's leading market position in
the retail brokerage space, increasing earnings diversity, strong
operating leverage and margins associated with its business model,
and appropriate cash flow and balance sheet leverage metrics.
Rating constraints include the cyclicality of the business model
and the potential for competition and/or operational risks.

Over the past several years, Schwab has continued to evolve its
business model away from pure trading commissions and more toward a
full service financial firm catering to the needs of the mass
affluent and mass market retail investors.  This includes a strong
focus on asset/wealth management products and banking products and
away from traditional trading products.

Fitch believes this has enhanced Schwab's overall franchise by
improving wallet share with customers.  It has helped to create
sticky, profitable and long-term relationships with its clients
that now afford Schwab increased opportunities to capture
incremental revenue through cross-selling.

Schwab's key value proposition to its clients is one of offering a
myriad of low cost products to its client base with good customer
service.  Schwab seeks to achieve this through significant
investments in technology to streamline operations and improve
customer interfaces.  Fitch views this approach very positively
from a credit perspective, and notes that the strength of Schwab's
franchise support's rating action and is a key differentiator in
its ratings compared to peers.

Over the last year, Schwab has benefited from continued growth in
asset management and other fee revenue, which constituted 48% of
the company's revenue at year-end 2014.  Similarly, despite the low
short-term interest rate environment, Schwab has utilized deposit
growth at Schwab Bank to boost net interest income (NII) over the
last year.  NII accounted for 38% of the company's revenue at
year-end 2014.

Additionally, given higher markets in 2014, trading revenue
remained good, but Schwab continues to use discounted trading as a
subsidized marketing tool to help gather new assets.  Lastly, Fitch
continues to believe there is more earnings upside for Schwab given
its positive sensitivity to higher short-term interest rates.  This
is due to relatively short duration investments which should
reprice more quickly than deposits in a higher short-term interest
rate environment.  At certain points in the interest rate cycle,
this could drive NII to as much as 55% of overall revenue and also
significantly boost the company's profit margin and ROE, although
this would be viewed as a cyclical dynamic rather than a structural
one.

Schwab's revenue growth as well as a continued focus on managing
growth in expenses led to higher net income of $1.3 billion in 2014
which translated to a 12% return on average common equity (ROE), a
100 basis point improvement relative to the prior year.

This has also led to an improvement in leverage metrics.  At the
end of 2014, Schwab's adjusted debt to earnings before interest,
depreciation and amortization (EBITDA) declined 0.76x from 0.91x in
2013, which compares favorably to similarly rated entities.
Including Schwab's recent $1 billion senior unsecured issuance,
whose proceeds will largely be held in high quality liquid assets
(HQLA) comprised of treasury securities, Schwab's Fitch calculated
pro forma adjusted debt-to-EBITDA metric of 1.16x is still compares
well to other similarly rated entities.  Fitch also views
positively that Schwab's Tier 1 Leverage ratio increased to 6.9% as
of YE2014, up from 6.4% at YE2013.

RATING SENSITIVITIES - IDRs and Senior Debt:

As Schwab's business model continues to evolve away from pure
trading to a mix of net interest income, asset management earnings,
and trading earnings, there could be some modest upside to ratings
should Fitch observe greater revenue stability through various
market cycles, combined with sustained capital and liquidity
levels.

Fitch believes the most significant rating risk is a large
operational loss specific to Schwab that causes clients to flee the
firm.  Operational losses are inherently difficult to predict and
measure and do serve as an upwards rating limitation.  With the
expanding lending platform, underwriting discipline and asset
quality are also increasingly important rating drivers.  An
additional risk that could impact ratings over time is the growth
of Schwab Bank.  Should the company begin to reach for yield in its
investment portfolio such that it increases the credit or interest
rate risk profile of the balance sheet, ratings or the Rating
Outlook could come under pressure.

Finally, Schwab does derive some revenue from payment for order
flow, which is akin to receiving rebates from directing client
trades to a certain market makers.  While this may provide more
efficient execution for clients, given current industry scrutiny
that may lead to regulatory changes.  Fitch believes it is possible
that Schwab could have to adjust its routing practices.

Fitch believes that to the extent there is any potential outsize
monetary or reputational implications from this industry scrutiny
described above it could adversely affect the ratings.

KEY RATING DRIVERS - Support Ratings and Support Floor Ratings:

Schwab has a support rating of '5' and a support floor rating of
'NF' indicating that support is unlikely.

RATING SENSITIVITIES - Support Ratings and Support Floor Ratings:

To the extent that Fitch's views on the perceived likelihood of
extraordinary support being extended to Schwab change, there could
be a change in the support and support floor ratings.  At this
juncture it is not anticipated.

KEY RATING DRIVERS - Subordinated Debt and Other Hybrid
Securities:

Schwab has a preferred stock rating of 'BB+', which is five notches
below its IDR given its position in the capital structure and
potential for non-performance compared with other issuances. This
includes two notches for non-performance and three notches for loss
absorbing capacity.

RATING SENSITIVITIES - Subordinated Debt and Other Hybrid
Securities:

Ratings for Schwab's preferred stock are notched five notches from
the IDR based on Fitch's treatment of preferreds in bank capital as
this source of capital for Schwab has historically been down
streamed to support its banking operations.  As such, changes in
ratings on the preferred stock are primarily sensitive to any
change in the IDR, where the existing notching would be maintained
in conjunction with any change in the IDR, at least for so long as
the IDR is investment grade.

Fitch has affirmed these ratings:

Charles Schwab Corporation:

   -- Long-term IDR at 'A'; Outlook Stable.
   -- Short-term IDR at 'F1';
   -- Senior unsecured notes at 'A';
   -- Short-term debt at 'F1';
   -- Preferred stock at 'BB+';
   -- Support at '5';
   -- Support floor at 'NF'.



CHASSIX HOLDINGS: Case Summary & 40 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                   Case No.
      ------                                   --------
      Chassix Holdings, Inc.                   15-10578
      300 Galleria Office Center, Suite 501
      Southfield, MI 48034

      Automotive Properties of New York, LLC   15-10577
      UC Holdings, Inc.                        15-10579
      Chassix, Inc.                            15-10580
      Diversified Machine, Inc.                15-10581
      Diversified Machine Bristol, LLC         15-10582
      Chassix Georgia Machining, LLC           15-10583
      DMI Columbus, LLC                        15-10584
      Diversified Machine Montague, LLC        15-10585
      Diversified Machine, Milwaukee LLC       15-10586
      DMI Edon LLC                             15-10587
      Mexico Products I, LLC                   15-10588
      DMI China Holding LLC                    15-10589
      Concord International, Inc.              15-10590
      SMW Automotive, LLC                      15-10591
      Automotive, LLC                          15-10592
      Chassis Co. of Michigan, LLC             15-10593
      AluTech, LLC                             15-10594

Type of Business: Automotive Machining and Casting Supplier

Chapter 11 Petition Date: March 12, 2015

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

Judge: Hon. Michael E. Wiles

Debtors' Counsel: Ray C Schrock, Esq.
                  WEIL, GOTSHAL & MANGES LLP
                  767 Fifth Avenue
                  New York, NY 10153
                  Tel: 212-310-8000
                  Fax: 212-310-8000
                  Email: ray.schrock@weil.com

Debtors'          LAZARD FRERES & CO. LLC
Investment
Banker:

Debtors'          Armen Emrikian
Restructuring     FTI CONSULTING, INC.
Advisors:         227 West Monroe Street, Suite 900
                  Chicago, IL 60606
                  Tel: 312.759.8100
                  Fax: 312.759.8119
                  Email: armen.emrikian@fticonsulting.com

Debtors'          PRIME CLERK LLC
Claims and
Noticing
Agent:

Total Assets: $833 million

Total Liabilities: $784 million

The petition was signed by David J. Woodward, interim chief
financial officer.

Consolidated List of Debtors' 40 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Delaware Trust Company              Unsecured Notes  $157,971,125
2711 Centerville Road
Wilmington, DE 19808
Attn: Sandra E. Horwitz
Tel: 877.374.6010, ext. 62412
Fax: 302.636.8666

Beck Aluminum Corporation             Trade Claim     $12,353,000
6150 Parkland Blvd.
Paragon II, Suite 260
Mayfield Heights, OH 44124
Attn: Bryan Beck
Tel: 440.684.4848
Fax: 216.861.0545
bryan@beckalum.com

Koyo Bearings North America           Trade Claim      $4,419,945
4895 Dressler Road NW #B
Canton, OH 44718
Attn: Keith Genzel
Tel: 734.454.7560
Fax: 440.825.9347
keith.genzel@jtekt.com

Automotive Casting Technology, Inc.   Trade Claim      $4,016,341
14638 Apple Drive
Fruitport, MI 49415
Attn: Mike Weber
Tel: 586.909.1230
Fax: 616.842.5872
mweber@c-t-c.com

C.H. Robinson Company, Inc.           Trade Claim      $3,016,269
14701 Charlson Road
Suite 2400
Eden Prarie, MN 55347
Attn: Brian Tonn
Tel: 952.683.3766
Fax: 952.683.3768
brian.tonn@chrobinson.com

NTN Bearing Corporation               Trade Claim      $2,277,170
39255 W 12 Mile Road
Farmington Hills, MI 48331-2975
Attn: Chris Meissnest
Tel: 248.324.4574
Fax: 847.294.1000
cmeissnest@ntnusa.com

Fagor Ederlan, S.Coop.                Trade Claim      $2,176,811
Torrebaso Pasealekua 7
Eskoriatza, Spain 20540
Attn: Gumaro Rivera
Tel: 0034.943.719000
Fax: 34.943.719.001
g.rivera@fagorederlan.com

ZF Chassis Components, LLC            Trade Claim      $2,137,417
1570 East P Street Extension
Newton, NC 28658-3059
Attn: Doug Kramer
Tel: 734.354.1485
Fax: 734.416.1948
doug.kramer@zf.com

SKF USA Inc.                          Trade Claim      $2,077,969
46815 Port Street
Plymouth, MI 48170
Attn: Michael Draughn
Tel: 734.414.6991
Fax: 734.414.6850
michael.draughn@skf.com

Grede LLC-St. Cloud                   Trade Claim      $2,074,069
St. Cloud Foundry
5200 Foundry Circle
St. Cloud, MN 56303
Attn: Matt McDonald
Tel: 248.440.9522
Fax: 248.440.9577
msmcdonald@grede.com

P.F. Markey, Inc.                     Trade Claim      $1,920,734
2880 Universal Drive
Saginaw, MI 48603
Attn: Jim Terry
Tel: 989.793.0900
Fax: 989.793.9511
jimterry@pfmarkey.com

Iljin USA Corporation                 Trade Claim      $1,764,411
28055 Haggerty Road
Novi, MI 48377
Attn: John Anwiler
Tel: 248.848.9303
Fax: 248.848.0566
janwiler@iljin.com

Alcoa Primary Metals                  Trade Claim      $1,663,161
1100 Riverview Tower
900 S. Gay Street
Knoxville, TN 37902
Attn: Peter Smith
Tel: 865.594.4823
Fax: 865.594.4981
peter.smith@alcoa.com

Grede LLC-Reedsburg                   Trade Claim      $1,644,325
700 Ash Street
Reedsburg, WI 53959
Attn: Carrie Heiking
Tel: 608.524.9407
Fax: 608.524.9501
cheiking@grede.com

CTC Casting Technologies Co.          Trade Claim      $1,466,462
75 Remittance Drive, Suite 3232
Chicago, IL 60675-1212
Attn: Mike Weber
Tel: 586.909.1230
Fax: 248.477.4891
mweber@c-t-c.com

Cadillac Casting, Inc.                Trade Claim     $1,374,213
1500 4th Avenue
Cadillac, MI 49601
Attn: Matt Roberts
Tel: 734.347.7780
Fax: 231.779.9640
mroberts@cadillaccasting.com

Anderson Express                      Trade Claim     $1,353,506
580 W. Sherman Boulevard
Muskegon Heights, MI 49444
Attn: Dan Arends
Tel: 231.733.6014
Fax: 231.733.2166
darends@andersonexpressinc.com

Zhongding USA Inc.                    Trade Claim     $1,310,886
400 Detroit Avenue
Monroe, MI 48162
Attn: Steven Michael
Tel: 765.662.3607
Fax: 734.241.8354
steve.michael@zd-usa.com

SW Industries, Inc.                   Trade Claim     $1,293,862
40615 Koppernick Road
Canton, MI 48187
Attn: Mark Reichenbacher
Tel: 248.622.9725
Fax: 49.0.7402.74.118
m.reichenbacher@sw-machines.de

ZF Lemforder Corporation              Trade Claim     $1,263,470
Brewer Components
P.O. Box 933059
Atlanta, GA 31193-3059
Attn: Daniel Diaz
Tel: 734.207.7769
Fax: 734.416.1948
daniel.diaz@zf.com

Tuopu North America Limited           Trade Claim     $1,258,949
2100 Bloor Street W
Unite 6283
Toronto, ON MS6 5A5
Attn: Gao Wei
Tel: 8.680.1301
Fax: 8.680.1326
seekfull@hotmail.com

Sustained Quality                     Trade Claim     $1,190,008
431 E. Colfax Avenue
Suite 100
South Bend, IN 46617
Attn: Lesley Maydon
Tel: 574.231.6392
Fax: 267.295.8211
lmaydon@sustained-quality.com

General Aluminum Manufacturing Co    Trade Claim      $1,079,197
6065 Parkland Boulevard
Cleveland, OH 44124
Attn: Gary McLaughlin
Tel: 440.947.2017
Fax: 440.947.2009
gmclaughlin@generalaluminum.com

Makino, Inc.                          Trade Claim     $1,009,881
7680 Innovation Way
Mason, OH 45040
Attn: Bill Schwanki
Tel: 248.320.7513
Fax: 513.573.7265
william.schwanki@makino.com

Brembo S.p.A.                          Trade Claim      $996,799
Via Brembo N.25
Curno Bergamo, Italy 24035
Attn: LeBlanc Thomas
Tel: 734.468.2107
Fax: 39.035.605.300
tLeBlanc@us.brembo.com

ManpowerGroup US Inc.                  Trade Claim      $987,450
21271 Network Place
Chicago, IL 60673-1212
Attn: Mike Dixon
Tel: 217.416.5331
Fax: N/A
mike.dixon@manpower.com

Bosello High Technology srl             Trade Claim     $956,108
Via San Bernardo 25/27
Cassano Magnago Italy 21012
Attn: Moreno Savio
Tel: 39.0331.776109
Fax: N/A
moreno.savio@bosello.it

Dongah America, Inc.                    Trade Claim     $950,195
1807 East Maple Road
Troy, MI 48084
Attn: Hanik Bae
Tel: 248.918.5810, ext. 5823
Fax: 248.680.0166
hibae@dtrvms.com

Central Corporation CTR                 Trade Claim     $916,888
3000 Town Center
Southfield, MI 48075
Attn: Jill Blair
Tel: 248.358.1129, ext. 151
Fax: 248.339.2897
jblair@centralsales.net

Employment Plus, Inc.                   Trade Claim     $796,685
1801 S. Liberty Drive
Suite 300
Bloomington, IN 47403
Attn: Amy Grinole
Tel: 574.206.1522
Fax: 574.206.1565
agrinole@employmentplus.com

Dynamic Machine of Detroit              Trade Claim     $752,917
1653 East Maple Road
Troy, MI 48083
Attn: Julie Rice
Tel: 248.404.6190
Fax: 248.404.6196
jrice@dynamicdetroit.com

Jinyoung Industrial Co., Ltd.           Trade Claim     $736,414
472-7 Moknae-Dong
Ansan-City
Kyunggi-Do, Korea
Attention: Ricky
Tel: 82.31.492.3882
Fax: 82.31.492.3890
richy@i-jy.com

Pusan Cast Iron Co., Ltd.              Trade Claim      $702,753
60-4, Haknam-Ri, Onsan-Eup
Uljoo-Kun, Ulsan, Korea
Attn: Ted Kim
Tel: 82.1195.476464
Fax: 82.52.231.3860
tkim@pci21c.com

Motion Industries, Inc.                Trade Claim      $687,431
4709 Wyland Drive
Elkhart, IN 46516
Attn: Paul Blair
Tel: 216.398.2200
Fax: 216.398.2220
paul.blair@motion-ind.com

American Colloid Company               Trade Claim      $687,103
NW 5020
Minneapolis, MN 55485-5020
Attention: Darren Howard
Tel: 423.265.5707
Fax: 423.265.4702
darren.howard@amcol.com

Cobra Trading, LLC                     Trade Claim      $672,516
2237 E. Enterprise Parkway
Twinsburg, OH 44087
Attention: Kevin Dykstra
Tel: 330.653.3526
Fax: 330.653.3527
rhoefler@cobratradingllc.com

Aerotek, Inc.                          Trade Claim      $653,233
555 Briarwood Circle
Ann Arbor, MI 48108
Attention: Julia Graves
Tel: 800.708.0312
Fax: 734.452.2095
jgraves@aerotek.com

Brembo North America, Inc.             Trade Claim      $637,559
47765 Halyard Drive
Plymouth, MI 48170
Attn: Trent DeGrazia
Tel: 734.468.2124
Fax: 734.468.2161
tdegrazia@us.brembo.com

Bennett Tooling Solutions              Trade Claim      $624,873
3320 Bay Road
Saginaw, MI 48603
Attn: Kris Berg
Tel: 989.797.5670
Fax: 989.797.5680
btsberg@gmail.com

B&H Pattern Inc.                      Trade Claim       $600,480
3240 W. Highview Drive
Appleton, WI 54130
Attention: Amy Bloch
Tel: 920.731.3861


CHASSIX HOLDINGS: Files for Chapter 11 with Prenegotiated Plan
--------------------------------------------------------------
Chassix Holdings, Inc., a provider of components to automakers,
sought bankruptcy protection after reaching terms of a balance
sheet restructuring with its lenders and its customers, which
include the Big 3 automakers Ford, GM, and Chrysler.

"The Debtors believe that the contemplated prearranged
reorganization will enable them to emerge from these chapter 11
cases as a robust, well-capitalized global supplier of chassis
sub-frame components and powertrain products strongly aligned with
their customers' needs," J. Mark Allan, Chassix's president, said
in a court filing.

The Debtors have reached an agreement on the terms of a financial
and operational restructuring with their major stakeholders,
including an ad hoc committee comprised of holders of approximately
72% of the Debtors' senior secured notes and approximately 80% of
the Debtors' unsecured notes (the "Informal Committee of
Noteholders"), Platinum Equity Advisors LLC, the Debtors'
prepetition private equity sponsor, and certain affiliated entities
and investment funds (collectively, "Platinum Equity"), and all of
the Debtors' largest customers, including Ford Motor Company,
General Motors LLC, FCA US LLC f/k/a Chrysler Group LLC, Nissan
North America, Inc., and BMW Manufacturing Co., LLC, which will
result in a significant and substantial infusion of new capital in
the Debtors in the form of new debtor-in-possession and exit
financing.  The Debtors further anticipate exiting chapter 11 with
a 68% reduction in their funded indebtedness and substantial
improvements to their prospects for long-term stability and
profitability.  

Specifically, pursuant to the prearranged chapter 11 plan of
reorganization, the Debtors are proposing a restructuring that will
achieve:

  (a) Approximately $250 million in debtor-in-possession financing
comprised of a new $150 million revolving asset based lending
facility to be provided by PNC Bank, National Association and a new
$100 million term loan (which will convert to an exit term loan at
emergence) to be provided by the Debtors' prepetition secured
noteholders, to facilitate operations in chapter 11;

  (b) An infusion of $50 million by certain secured noteholders in
the form of an additional exit term loan at emergence, as well as a
commitment from the ABL DIP Lenders to work in good faith on
acceptable terms for converting the $150 million revolving asset
based lending facility to an exit asset based lending facility,
that will provide ongoing liquidity for the Debtors
post-emergence;

  (c) Conversion of approximately $375 million of the Debtors'
senior secured notes and $158 million of the Debtors' unsecured
notes to equity;

  (d) Agreements with the OEM Customers on long-term accommodations
that will provide the Debtors with approximately $45 million in
annual price increases new business and programs, as well as
certain other valuable accommodations and protections, including
waivers of setoff and plan distributions on account of the OEM
Customers' substantial claims against the Debtors;

  (e) Prompt emergence from chapter 11; and

  (f) Pro rata distributions to holders of allowed General
Unsecured Claims subject to certain conditions set forth in the
Plan.

The Plan provides for a comprehensive restructuring of the Debtors'
prepetition obligations, preserves the going-concern value of the
Debtors' businesses, maximizes creditor recoveries, provides for an
equitable distribution to the Debtors' stakeholders and protects
the jobs of employees.

The agreements that the Debtors have reached with the OEM Customers
are central to the Plan.  Pursuant to the accommodation agreements,
the Debtors will receive long-term accommodations and pricing
relief from the OEM Customers for the benefit of their estates,
creditors and other stakeholders.  In addition to the substantial
pricing and new business awards mentioned above, these valuable
accommodations include the following:

  (a) A right of last refusal on certain future programs;

  (b) A continuation of certain interim accommodation implemented
prior to the Commencement Date with respect to the Debtors'
facility in Bristol, Indiana (the "Bristol Facility") designed to
fund the Debtors' operating losses at the Bristol Facility;

  (c) A waiver by the OEM Customers of certain significant fees and
expenses including expenses relating to premium and expedited
freight, quality spill charges, outage costs, and third-party
advisor fees and expenses;

  (d) significant liquidity enhancement from the acceleration of
payment terms on outstanding purchase orders from the OEM
Customers' standard payment terms;

  (e) Restrictions on the OEM Customers' ability to resource
programs to the Debtors' competitors; and

  (f) Agreements by the OEM Customers to waive and/or limit their
ability to set off or recoup charges against amounts owed to the
Debtors.

In exchange for these accommodations, the Debtors have committed to
continue to produce and deliver component parts to the OEM
Customers during the term of the Accommodation Agreements, as well
as to provide certain assistance in connection with any resourcing
activities that may be permitted under the agreement.  The Debtors
have further agreed to provide the OEM Customers with certain
limited access rights to utilize the Debtors' facilities and
equipment in the event there is a substantial likelihood the OEM
Customers' production will be interrupted.  These accommodations
provide the Debtors with significant value and are an essential
component of the Debtors' Plan as well as for their long-term
prospects for successes and sustainability.

The Plan provides for a significant deleveraging of the Debtors'
balance sheet post-emergence:

         PREPETITION                      POST-EMERGENCE
         -----------                      ---------------
Revolving ABL Facility  $135M   Revolving Exit Facility $55M
Secured Notes Due 2018  $375M   Conv. Exit Term Loan   $100M
Unsec. Notes Due 2018   $158M   Add'l Exit Term Loan    $50M
Capital Lease Oblig.     $12M   Capital Lease Oblig.    $12M
                       ------                         ------
  Total:                $680M                          $217M

The Plan also implements a global release and settlement of
numerous Debtor-creditor and inter-creditor issues with the
Debtors' existing equity sponsor, Platinum Equity, and the members
of the Informal Committee of Noteholders.  Under the Plan, and in
accordance with the Global Settlement, the holders of Allowed
Secured Note Claims will receive their Pro Rata share of
approximately 97.5% of the New Common Stock (subject to dilution).
In addition, under the terms of the Global Settlement, and in
consideration of each of their substantial contributions to the
Debtors' chapter 11 cases, (a) the Unsecured Noteholders will
receive their pro rata share of approximately 2.5% (subject to
dilution) of the Reorganized Debtors' new common stock and warrants
to purchase an additional 5% of the New Common Stock (the "New
Warrants") and (b) Platinum Equity will receive a release, as set
forth in the Plan.  The Plan further provides for distributions to
holders of Allowed General Unsecured Claims.  The terms of the
Global Settlement, including the release and indemnification
provisions incorporated in the Plan, are integral parts of the Plan
and have been agreed to, and are supported by, the Debtors and the
members of the Informal Committee of Noteholders.

The Debtors faced an unprecedented sequence of events and
circumstances during 2014 that ultimately led to the commencement
of the chapter 11 cases.  A combination of operational and
financial difficulties due to, among other things, underpriced
contracts and programs, compounded by a marked spike in the demand
for automobile production in North America at a time when there was
limited capacity in the machining and casting sectors, overwhelmed
the Debtors' manufacturing facilities and capabilities.  This
perfect storm of events resulted in an onslaught of quality issues
and missed release dates that significantly increased the Debtors'
costs of manufacturing.  These issues were most pronounced at the
Bristol Facility, where the Debtors experienced precipitous losses
that grew exponentially to over $16 million per month primarily due
to significant premium and expedited freight charges and
third-party consultant fees and expenses. By the fourth quarter of
2014, these operational issues -- which had snowballed at a rate
that neither the Debtors, their customers, nor any of their other
constituents had anticipated -- had severely impacted the Debtors'
cash flows and erased any operating profit they had hoped to
achieve due to the increase in production demand.

Thus, in November of 2014 -- facing a severe liquidity crisis --
the Debtors and their professionals commenced good faith
negotiations with the Informal Committee of Noteholders, the OEM
Customers, and the Debtors' existing equity sponsor, Platinum
Equity, to devise a comprehensive restructuring of the Debtors'
businesses and provide the Debtors with much needed liquidity in
the interim.  As a result, on March 11, 2015, the Debtors reached
an agreement with their key constituencies on the terms of the
Plan, which contemplates an operational restructuring and a
recapitalization of the Debtors' balance sheet.

To evidence their support of the Debtors' restructuring, certain of
the parties executed the Restructuring Support Agreement.  In
addition to securing support of the Plan in the form of the
Restructuring Support Agreement, the Debtors have also secured $250
million in debtor-in-possession financing to provide them with
sufficient liquidity to operate during the chapter 11 cases.

By commencing the chapter 11 cases, the Debtors are seeking to
effectuate their proposed restructuring and maximize their
long-term growth prospects and operating performance.  The Debtors
believe that the contemplated prearranged reorganization will
enable them to emerge from the chapter 11 cases as a robust,
well-capitalized global supplier of chassis sub-frame components
and powertrain products strongly aligned with their customers'
needs.

                 Hearing Today on First Day Motions

The Debtors have filed their Prenegotiated Plan, along with a
motion seeking approval of the explanatory Disclosure Statement,
and a motion seeking approval of the Accommodation Agreement.

The Debtors on the Petition Date also filed motions to:

   -- jointly administer their Chapter 11 cases;

   -- pay prepetition wages and benefits to employees;

   -- extend the deadline to file schedules;

   -- continue their existing cash management system;

   -- pay prepetition claims of critical vendors;

   -- pay prepetition obligations owed to foreign creditors;

   -- pay prepetition charges for shippers and warehousemen;

   -- continue tooling and warranty programs;

   -- pay prepetition taxes and assessments;

   -- obtain DIP financing and use cash collateral;

   -- pay insurance obligations;

   -- approve procedures for resolutions of claims under U.S.C. 11
Sec. 503(b)(9);

   -- grant adequate assurance of payment to utilities;

   -- employ professionals used in the ordinary course of business;
and

   -- set a bar date for filing proofs of claim.

The first day hearing is scheduled for March 13, 2015 at 10:00 a.m.
at Courtroom 617 (MEW) in Manhattan.

At the behest of the Debtors, Judge Michael E. Wiles on March 12
entered an emergency bridge order authorizing the Debtors to pay
prepetition wages and use cash collateral to fund payroll.  The
judge also entered an order directing joint administration of the
Chapter 11 cases under Case No. 15-10578 (Chassix Holdings, Inc.,
et al.)

A copy of the declaration pursuant to Local Bankruptcy Rule 1007-2
is available for free at:

      http://bankrupt.com/misc/Chassix_1st_Day_Affidavit.pdf

                      About Chassix Holdings

Chassix is a global manufacturer and supplier of aluminum and iron
chassis sub-frame components and powertrain products with both
casting and machining capabilities.  Based in Southfield, Michigan,
Chassix and its subsidiaries operate 23 manufacturing facilities
across six countries, providing safety critical automotive
components, having content on approximately 64% of the largest
platforms in North America.  Their product mix maintains an even
balance among trucks, minivans and SUVs, as well as small and
medium size cars and cross-over vehicles.

For the twelve months ended Dec. 31, 2014, the Debtors generated
$1.37 billion in revenue on a consolidated basis.  As of Dec. 31,
2014, the Debtors had $833 million in assets and $784 million in
liabilities on a consolidated basis.

Chassix Holdings, Inc., et al., sought Chapter 11 protection
(Bankr. S.D.N.Y. Lead Case No. 15-10578) in Manhattan on March 12,
2015, with a Chapter 11 plan that was negotiated with lenders and
customers.

Chassix Holdings estimated $500 million to $1 billion in assets and
debt.  The formal schedules of assets and liabilities are due March
26, 2015.

The Debtors have tapped Weil, Gotshal & Manges LLP, as attorneys;
Lazard Freres & Co, LLC, as investment banker; FTI Consulting, Inc.
to provide an interim CFO and additional restructuring services;
and Prime Clerk LLC, as claims and noticing agent.


CONDOR DEVELOPMENT: Court Enters Final Decree Closing Cases
-----------------------------------------------------------
U.S. Bankruptcy Judge Timothy W. Dore entered a final decree
closing the Chapter 11 cases of Seattle Group, Ltd., and Condor
Development LLC.

The Court ordered that the cases may be reopened on an ex parte
basis upon application by the Debtors, the U.S. Trustee, or any
other party to address any issue or dispute related to the
confirmed Plan.

The Debtors stated that (i) they had substantially consummated
confirmed Plan, and (ii) the distributions required under the
confirmed Plan have been commenced.  There had been no defaults
under the confirmed Plan.

Michael Seibert, in his capacity as Plan Agent, will continue to
manage the Debtors and make decisions in relation to the operations
and sale of the hotel throughout the life of the confirmed Plan.  

As reported in the Troubled Company Reporter on Nov. 28, 2014,
Judge Dore signed off a stipulated order confirming the Fifth
Amended Plan of Reorganization dated Sept. 29, 2014, for the
Debtors.

The stipulation with EastWest Bank, N.A., a secured and unsecured
creditor in the case, provides that EastWest Bank's amended
objection is deemed withdrawn, and the Plan is confirmed, subject
to changes to the Plan, among other things:

   a. The definition of Allowed Unsecured EastWest Bank Unsecured
Claim set forth in Section III.B.18 of the Plan will be amended to
read as:

   "Allowed EastWest Bank Unsecured Claim" means the Unsecured
Claim of EastWest bank, which pursuant to the terms of the
settlement, will be $1,580,000 million."

   b. The first sentence of Section V. C of the Plan regarding the
treatment of the Allowed Unsecured Claim of EastWest Bank will be
amended to read as:

   "The Allowed Class 6 Claims including the Allowed EastWest Bank
unsecured Claim will be paid as: (i) pro rata from an annual
payment commencing on the first anniversary of the Effective date
of 50% of the Net Cash Flow which payments will continue until a
sale, at which time the allowed Class 6 claims will be paid the
balance of the net proceeds of sale available after the payment of
the sum of all unpaid Class 1 through 5 Allowed Claims.

Judge Dore also ordered that Michael Seibert will act as the
disbursing agent for payments to be made under the Plan.

                             The Plan

As reported in the TCR, the Debtors' Plan, as amended, provides
for full payment of all secured and priority unsecured creditors
and a distribution to unsecured creditors out of quarterly
payments of Net Cash Flow.  It also contemplates the potential
sale of substantially all of the Debtors' property used in
operating the Comfort Inns and Suites Hotel and relate property
after a sustained 12-36 month period of improved operations and a
period of removal of the Property from the market.

The Debtors' Owners have also agreed to make available to the
Hotel a $500,000 line of credit and a $100,000 equity contribution
for capital improvements during the period of operations subject
to approval of the Conservatorship Court.

Under the Second Amended Disclosure Statement, the Debtors
revealed that as of April 11, 2014, they had made payments to East
West Bank of over $691,000 since the Petition Date -- most of
which was paid by the Conservator who has made monthly payments of
$34,500 to secured lender East West Bank every month since
February 2013.  Despite these payments, East West Bank filed a
motion for relief from stay and an order was entered granting
relief from stay, but prohibiting East West bank from selling the
property located in SeaTac, Washington, until after July 31, 2014
-- the Conditional Stay Order -- in order to provide the Debtors
with the opportunity to obtain confirmation of the Plan.

A copy of the Debtors' April 11, 2014 Second Amended Disclosure
Statement is available for free at:

         http://bankrupt.com/misc/Condor_2ndAmdDS.PDF

                    About Condor Development

Condor Development LLC, aka Ciara Inn and Condor Management Group,
operates the Comfort Inn Suites, a hotel located at SeaTac,
Washington.

Condor Development filed a Chapter 11 petition (Bankr. W.D. Wash.
Case No. 12-13287) on March 30, 2012, in Seattle.  In its
schedules, the Debtor disclosed $16.4 million in total assets and
$9.11 million in total liabilities.

Affiliate Seattle Group also filed for Chapter 11 protection
(Bankr. Case No. 12-13263) on March 30, 2012.  The Debtor
disclosed $15,501,088 in assets and $10,409,935 in liabilities as
of the Chapter 11 filing.

Vortman & Feinstein and Larry B. Feinstein initially represented
the Debtors as counsel.  They later withdrew from the case and
were replaced by Lane Powell PC.  Mary Jo Heston, Esq., of Lane
Powell PC now serves as counsel to the Debtors.

Seattle Group, Ltd., and Condor Development LLC filed a plan of
liquidation that proposes the sale of substantially all of their
real and personal property used in operating the Comfort Inns and
Suites Hotel and related personal property.

In January 2013, the case was reassigned to Judge Timothy W. Dore.



COUTURE HOTEL: Enoch Joins Objection to Exclusivity Extensions
--------------------------------------------------------------
Enoch Investments, Inc., a creditor in the Chapter 11 case of
Couture Hotel Corporation, joined the objection of Mansa Capital,
LLC, to Couture's motion to extend its exclusive periods to file
and confirm its Plan of Reorganization.

Mansa, in its objection, stated that nearly every single factor in
the cause analysis suggested that the Court must deny the
exclusivity motion and permit any party-in-interest to propose a
plan of reorganization.

Manza said that there are no unresolved contingencies present in
the case that would necessitate an extension of the exclusive
periods, and the Debtor may be attempting to use the extension of
its exclusive period as a tactic to force Mansa to accept a plan
with which it does not agree.

As reported in the Troubled Company Reporter on Feb. 6, 2015, the
Debtor is asking the Court to extend its exclusive period to file
and confirm a plan of reorganization up to and including May 5,
2015, and July 6, respectively.  The Debtor told the Court it is in
the process of drafting a plan of reorganization that would
maximize recovery to the estate, based upon its cash flows and
financial statements.  The Debtor said it has begun negotiations
with Mansa, the principal lender on the Debtor's Wyndham Garden Inn
in Dallas, Texas, regarding treatment of its claim that would lead
to a consensual plan of reorganization.  Furthermore, the Debtor
and its counsel have engaged in conversations with multiple lenders
and sources of capital to assist in confirmation of a plan of
reorganization.  A consensual plan of reorganization would minimize
the cost of confirmation and would additionally maximize recovery
to the estate as a whole, the Debtor added.

Enoch Investments is represented by:

         Joyce W. Lindauer, Esq.
         12720 Hillcrest Road, Suite 625
         Dallas, TX 75230
         Tel: (972) 503-4033
         Fax: (972) 503-4034

                         About Couture Hotel

Couture Hotel Corporation, fka Hugh Black-St Mary Enterprises,
Inc., owns and operates four hotels: a Wyndham Garden Inn in
Dallas, Texas, consisting of 356 rooms and remodeled in 2013; a
Howard Johnson in Corpus Christi, Texas, consisting of 140 rooms
and remodeled in 2012; a Howard Johnson in Las Vegas, Nevada,
consisting of 110 rooms and remodeled in 2012; and an independent
hotel in Las Vegas, Nevada (formerly branded as a Value Place),
consisting of 121 rooms and also remodeled in 2012.

The Las Vegas hotels are located at one of the entrances to Nellis
Air Force base in North Las Vegas.  The Debtor owns the real
property and improvements, as well as the franchise rights to the
hotels (except for Las Vegas Value Place).

The Company sought Chapter 11 protection (Bankr. N.D. Tex. Case
No. 14-34874) in Dallas, Texas, on Oct. 7, 2014.  The case is
assigned to Judge Barbara J. Houser.  The Debtor has tapped Mark
Sean Toronjo, Esq., at Toronjo & Prosser Law, as counsel.

The Debtor, in an amended schedules, disclosed $20.8 million in
assets and $27.8 million in liabilities as of the Chapter 11
filing.

No creditors' committee or other official committee been appointed
in the case.



CREEKSIDE ASSOCIATES: Wants March 31 Set as Gen. Claims Bar Date
----------------------------------------------------------------
Creekside Associates, Ltd., asks the Bankruptcy Court to establish
March 31, 2015, as the deadline for any individual or entity to
file proofs of prepetition secured, unsecured, and 11 U.S.C. Sec.
503(b)(9) administrative expense claims.

The Debtor also ask that the Court set June 17, 2015, as
governmental claims bar date.

Proofs of claim must be submitted to this address:

         Clerk's Office
         U.S. Bankruptcy Court for the Eastern
         District of Pennsylvania
         Robert N.C. Nix, Sr. Building
         900 Market Street, Suite 400
         Philadelphia, PA 19107

                    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 disclosed $93,352,652 in assets and $88,100,436 in
liabilities.

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



CRYOPORT INC: Swaps or Amends Related Party Notes Payable
---------------------------------------------------------
In March 2015, Cryoport, Inc. and its wholly owned subsidiary
Cryoport Systems, Inc., entered into definitive agreements relating
to the exchange or amendment of certain related party notes payable
and accrued interest aggregating $1,298,004, which became due
through March 1, 2015, and issued warrants to purchase a certain
number of shares of the Company's Common Stock.

On March 6, 2015, Cryoport entered into a material definitive
agreement with one of the note holders, effective Feb. 20, 2015,
pursuant to a Note Exchange Agreement and Letter of Investment
Intent, for the exchange of all principal and accrued interest
outstanding under a promissory note issued in 2005 for (i) a new
convertible promissory note with an original principal amount equal
to the Exchange Amount, and (ii) a warrant to purchase 17,880
shares of the Company's Common Stock at an exercise price of $0.50
per share, exercisable on Feb. 20, 2015, and expiring on Feb. 19,
2018.

On March 6, 2015, the Cryoport and Cryoport Systems entered into
material definitive agreements with three note holders, effective
March 2, 2015, pursuant to Letters of Investment Intent for (i) the
amendment and restatement of promissory notes issued in 2005 to
these individuals, (ii) the issuance of warrants for the purchase
448,164,266,686, and 208,941 shares, respectively, of the Company's
Common Stock at an exercise price of $0.50 per share, exercisable
on March 2, 2015, and expiring on March 1, 2020, and (iii) warrants
to purchase 10,000, 5,000, and 5,000 shares, respectively, of the
Company's Common Stock, exercisable on March 2, 2015, and expiring
on March 1, 2020, to reimburse the three note holders for any fees
or other expenses incurred in connection with this transaction.

On March 5, 2015, Cryoport Systems entered into an Amendment to
Simple Interest Commercial Promissory Note with one note holder
effective March 2, 2015, which amends a note issued in 2005.

On March 6, 2015, Cryoport Systems entered into the Note Amendment
effective as of March 2, 2015, acknowledging an outstanding
aggregate balance of $338,452.  The Original Note, as amended by
the Note Amendment, accrues interest at a rate of 6% per annum
commencing on March 13, 2015; however, no interest payments will be
due if no event of default occurs and if Cryoport Systems (i)
complies with its regular payment obligations, reimburses the payee
for attorneys' fees in connection with the negotiation of the Note
Amendment, up to a maximum amount of $1,000, on the later of (A)
March 13, 2015, or (B) three days after receiving written notice
from the payee of the amount of attorneys' fees incurred by payee,
and (iii) Cryoport Systems immediately pays all unpaid amounts due
and payable in full before May 1, 2016, if the payees of any other
promissory notes with Cryoport Systems that were issued in 2005 are
paid in full before May 1, 2016, other than (Y) notes that are
satisfied upon conversion into common stock, warrants or any other
equity of Cryoport Systems, or (Z) notes that have been paid in
full before March 2, 2015.  All principal and interest under the
Original Note, as amended by the Note Amendment, will be due and
will be paid on May 1, 2016.

The Company did not pay any discounts or commissions with respect
to the issuance of the Notes or the Warrants to the Investors.

                           About Cryoport

Lake Forest, Calif.-based CryoPort, Inc. (OTC BB: CYRX) provides
comprehensive solutions for frozen cold chain logistics, primarily
in the life science industries.  Its solutions afford new and
reliable alternatives to currently existing products and services
utilized for bio-pharmaceuticals and biologics, including in-vitro
fertilization, cell lines, vaccines, tissue and other commodities
requiring a reliable frozen solution.

Cryoport reported a net loss of $19.6 million on $2.65 million of
revenues for the year ended March 31, 2014, as compared with a net
loss of $6.38 million on $1.10 million of revenues for the year
ended March 31, 2013.

The Company's balance sheet at Dec. 31, 2014, showed $1.87 million
in total assets, $2.98 million in total liabilities, and a
stockholders' deficit of $1.12 million.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2014.  The independent
auditors noted that the Company has incurred recurring operating
losses and has had negative cash flows from operations since
inception.  Although the Company has cash and cash equivalents of
$369,581 at March 31, 2014, management has estimated that cash on
hand, which include proceeds from convertible bridge notes
received in the fourth quarter of fiscal 2014, will only be
sufficient to allow the Company to continue its operations into
the second quarter of fiscal 2015.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern, the auditors maintained.


D & L ENERGY: US Trustee Wants Case Converted to Chapter 7
----------------------------------------------------------
Daniel M. McDermott, United States Trustee for Region 9, asks the
Hon. Kay Woods of the U.S. Bankruptcy Court for the Northern
District of Ohio to convert the Chapter 11 cases of D & L Energy
Inc. and its debtor-affiliates to a Chapter 7 proceedings.

The Trustee says it has lost confidence in the Debtors' ability to
liquidate their remaining assets and settle claims efficiently for
the benefit of creditors.  Creditors have likewise lost confidence
in the Debtors.  The Official Committee of Unsecured Creditors has
filed a proposed plan and disclosure statement that would appoint a
liquidation trustee designated by the Committee and subject to a
"Liquidation Trust Advisory Board," who would be authorized to
conduct the remaining tasks necessary to close the case, according
to the Trustee.

The Trustee added that, at a hearing on March 2, 2015, the Court
remarked that the Debtors and their professionals appeared to the
lack of capacity or else the interest in efficiently resolving the
remaining issues affecting the administration of this case.

While the Committee's proposed plan has merit insofar as it would
place authority in the hands of a liquidating trustee, the Trustee
believes that the better course of action is the immediate
conversion of this case to Chapter 7.  Besides being bonded, a
Chapter 7 trustee has the necessary expertise to liquidate the
Debtors' remaining assets, make distributions, and efficiently
bring this case to closure.  The appointment of such a fiduciary
would be immediate upon entry of the order converting the case, the
Trustee points out.

A hearing is set for March 17, 2015, at 9:30 a.m., at Federal
Building Youngstown, Courtroom, 3rd Floor, to consider the
Trustee's request.  Responses, if any, must be filed before March
16, 2015, at 12:00 p.m.

                       About D & L Energy

D & L Energy, Inc., based in Youngstown, Ohio, was formed by David
DeChristofaro, Ben Lupo, and James Beshara in 1986 to be a
conventional oil and gas well operator and producer, primarily
targeting oil and gas reserves in the Clinton Sandstone formation
throughout Northeast Ohio and Northwest Pennsylvania.  D&L
currently has three (3) shareholders, Ben Lupo (80.76%
shareholder), Susan Faith (15% shareholder), and Holly Serensky
Lupo (4.24% shareholder).  Nicholas C. Paparodis is the acting CEO
and President of D&L.  Kathy Kaniclides is the acting Secretary and
Treasurer of D&L.  Currently, Serensky Lupo is the sole director of
D&L.

Petroflow, Inc. is an Ohio corporation which is a wholly owned
subsidiary of D&L.  Originally intended to operate as the "drilling
arm" of D&L, Petroflow ceased all operations prior to the filing of
these bankruptcy matters.  Petroflow has no current income, no bank
accounts, and no employees.  Paparodis is the president, CEO and
sole director of Petroflow.

D&L and Petroflow filed for Chapter 11 bankruptcy (Bankr. N.D. Ohio
Lead Case No. 13-40813) on April 16, 2013.  Judge Kay Woods
oversees the case.

The Debtor disclosed in its amended schedules, $40,615,677 in
assets and $6,187,217 in liabilities as of the Chapter 11 filing.

Brian T. Angeloni, Esq., Kathryn A. Belfance, Esq., Steven
Heimberger, Esq., and Todd A. Mazzola, Esq., at Roderick Linton
Belfance, LLP, serve as the Debtors' counsel, and Walter
Haverfield, LLP, is the environmental counsel.  SS&G Parkland
Consulting, LLC, serves as financial advisor and investment
banker.

Sherri Lynn Dahl, Esq., and Peter R. Morrison, Esq., at Squire
Sanders (US) LLP, have been tapped as counsel to the official
committee of unsecured creditors.  BBP Partners LLC serves as the
panel's financial advisors.

Resource Land Holdings emerged as the winning bidder for the
substantially all of the Debtor's assets.  Resource Land offered to
buy the assets for $20.4 million.


DEERFIELD RANCH: Files Schedules of Assets and Liabilities
----------------------------------------------------------
Deerfield Ranch Winery, LLC, filed with the U.S. Bankruptcy Court
for the Northern District of California its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $15,000,000
  B. Personal Property           $10,197,611
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $11,869,681
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $41,269
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $130,989
                                 -----------      -----------
        TOTAL                    $25,197,611      $12,041,939

A copy of the schedules is available for free at:

       http://bankrupt.com/misc/DEERFIELDRANCH_32_sal.pdf

                   About Deerfield Ranch Winery

Deerfield Ranch Winery, LLC, is an award-winning winery located in
the heart of the Sonoma Valley, founded in 1982 by Robert and PJ
Rex.   The Deerfield estate is approximately 47 acres, located in
Kenwood, California, and was acquired in 2000.  Annual production
totals approximately 30,000 cases annually, including both
Deerfield brands and the winery's substantial custom-crush
business, which includes 12 small family-owned wineries.  The
winery LLC is owned by 87 members, who have contributed more than
$15 million to the business.

Deerfield Ranch Winery filed a Chapter 11 bankruptcy petition
(Bank. N.D. Cal. Case No. 15-10150) on Feb. 13, 2015.  The Debtor
estimated assets and liabilities of $10 million to $50 million.
Scott H. McNutt, Esq., and Shane J. Moses, Esq., at McNutt Law
Group LLP serve as the Debtor's counsel.  Jigsaw Advisors LLC acts
as the Debtor's restructuring financial advisor.  Judge Alan
Jaroslovsky is assigned to the case.


DELIAS INC: Court Sets April 14 as Claims Bar Date
--------------------------------------------------
The Hon. Robert D. Drain of the U.S. Bankruptcy Court for the
Southern District of New York set April 14, 2015, at 5:00 p.m.
(Prevailing Eastern Time) as deadline for creditors of dELiA*s Inc
and its debtor-affiliates to file proofs of claim.

Judge Drain set June 5, 2015, at 5:00 p.m. (Prevailing Eastern
Time) as last day for all governmental units to file their claims
against the Debtors.

Each proof of claim must be completed, signed and filed either
electronically using the interface available on Prime Clerk's
website at https://cases.primeclerk.com/delias/EPOC-Index, or by
submitting the original proof of claim form either in person, by
first class mail, by courier service, or by hand delivery to:

   dELiA*s, Inc. Claims Processing Center
   c/o Prime Clerk LLC
   830 3rd Avenue, 9th Floor
   New York, NY 10022

                        About DELIA*S INC.

Launched in 1993, dELiA*s Inc., is a retailer which sells apparel,
accessories, footwear, and cosmetics marketed primarily to teenage
girls and young women.  The dELiA*s brand products are sold through
the Company's mall-based retail stores, direct mail catalogs and
e-commerce Web sites.

On Dec. 7, 2014, dELiA*s and eight of its subsidiaries each filed a
voluntary petition for relief under Chapter 11 of the United States
Bankruptcy Code (Bankr. S.D.N.Y.).  The Debtors have requested that
their cases be jointly administered under Case No. 14-23678.

As of the bankruptcy filing, dELiA*s owns and operates 92 stores in
29 states.

The Debtors have tapped Piper LLP (US) as counsel, Clear Thinking
Group LLC, as restructuring advisor, Janney Montgomery Scott LLC,
as investment banker, and Prime Clerk LLC as claims agent.

As of the Petition Date, the Debtors had $47.0 million in total
assets and $50.5 million in liabilities.

The Debtors have sought court approval of a deal for Gordon
Brothers Retail Partners, LLC and Hilco Merchant Resources, LLC, to
launch going-out-of-business sales.

The Official Committee of Unsecured Creditors tapped to retain
Kelley Drye & Warren LLP as its counsel, and Capstone Advisory
Group, LLC, and Capstone Valuation Services, LLC, as financial
advisors.


DELIAS INC: Seeks to Extend Lease-Decision Deadline to June 5
-------------------------------------------------------------
dELiA*s Inc and its debtor-affiliates ask the Hon. Robert D. Drain
of the U.S. Bankruptcy Court for the Southern District of New York
to extend the Debtors' deadline to assume or reject unexpired
leases of nonresidential real property from April 6, 2015 through
and including June 5, 2015.

The Debtors say the only remaining unexpired lease of
nonresidential real property is the lease for their corporate
headquarters located at 50 West 23rd Street in New York.  The
Debtors state they are currently working diligently with their real
estate consultant, A&G Realty Partners, LLC, to market the office
lease with a number of various potential interested parties.

According to the Debtors, notwithstanding negotiations with respect
to the office lease with the landlord and other interested parties,
the landlord under the office lease filed on Feb. 13, 2015, a
motion to compel payment for postpetition use and occupancy of
premises, to compel assumption and rejection of a lease by a date
certain, and for relief from the automatic stay to gain possession
of the premises that is the subject of the office lease.

                        About DELIA*S INC.

Launched in 1993, dELiA*s Inc., is a retailer which sells apparel,
accessories, footwear, and cosmetics marketed primarily to teenage
girls and young women.  The dELiA*s brand products are sold through
the Company's mall-based retail stores, direct mail catalogs and
e-commerce Web sites.

On Dec. 7, 2014, dELiA*s and eight of its subsidiaries each filed a
voluntary petition for relief under Chapter 11 of the United States
Bankruptcy Code (Bankr. S.D.N.Y.).  The Debtors have requested that
their cases be jointly administered under Case No. 14-23678.

As of the bankruptcy filing, dELiA*s owns and operates 92 stores in
29 states.

The Debtors have tapped Piper LLP (US) as counsel, Clear Thinking
Group LLC, as restructuring advisor, Janney Montgomery Scott LLC,
as investment banker, and Prime Clerk LLC as claims agent.

As of the Petition Date, the Debtors had $47.0 million in total
assets and $50.5 million in liabilities.

The Debtors have sought court approval of a deal for Gordon
Brothers Retail Partners, LLC and Hilco Merchant Resources, LLC, to
launch going-out-of-business sales.

The Official Committee of Unsecured Creditors tapped to retain
Kelley Drye & Warren LLP as its counsel, and Capstone Advisory
Group, LLC, and Capstone Valuation Services, LLC, as financial
advisors.


DELIAS INC: Wants Court to Extend Plan Filing Deadline to June 5
----------------------------------------------------------------
dELiA*s Inc. and its debtor-affiliates ask the Robert D. Drain of
the U.S. Bankruptcy Court for the Southern District of New York to
extend their exclusive periods to:

  a) file a Chapter 11 plan through and including June 5, 2015;
     and

  b) solicit acceptances of that plan until Aug. 4, 2015.

The Debtors tell the Court that they are in the process of
maximizing the value of their remaining assets, such as selling
their intellectual property, their owned real estate and office
lease, and recovering the funds that collateralize certain letters
of credit.

According to the Debtors, working in close collaboration with the
Official Committee of Unsecured Creditors, they have made material
progress in these Chapter 11 Cases and do not seek the extension of
the exclusive periods as a means to exert pressure on the relevant
parties in interest.  To the contrary, they intend to file a
disclosure statement and chapter 11 plan in the near term and the
purpose of their present request for an extension of the exclusive
periods is, among other things, to avoid the filing of competing
plans and to ensure that they have an opportunity to seek and
address the concerns of all stakeholders, the Debtors say.

A hearing is set for March 20, 2015 at 10:00 a.m. (Eastern Time),
at 300 Quarropas Street, Courtroom 118, White Plains in New York,
to consider the Debtors' request for extension.  Objections, if
any, were due March 6.

                        About DELIA*S INC.

Launched in 1993, dELiA*s Inc., is a retailer which sells apparel,
accessories, footwear, and cosmetics marketed primarily to teenage
girls and young women.  The dELiA*s brand products are sold through
the Company's mall-based retail stores, direct mail catalogs and
e-commerce Web sites.

On Dec. 7, 2014, dELiA*s and eight of its subsidiaries each filed a
voluntary petition for relief under Chapter 11 of the United States
Bankruptcy Code (Bankr. S.D.N.Y.).  The Debtors have requested that
their cases be jointly administered under Case No. 14-23678.

As of the bankruptcy filing, dELiA*s owns and operates 92 stores in
29 states.

The Debtors have tapped Piper LLP (US) as counsel, Clear Thinking
Group LLC, as restructuring advisor, Janney Montgomery Scott LLC,
as investment banker, and Prime Clerk LLC as claims agent.

As of the Petition Date, the Debtors had $47.0 million in total
assets and $50.5 million in liabilities.

The Debtors have sought court approval of a deal for Gordon
Brothers Retail Partners, LLC and Hilco Merchant Resources, LLC, to
launch going-out-of-business sales.

The Official Committee of Unsecured Creditors tapped to retain
Kelley Drye & Warren LLP as its counsel, and Capstone Advisory
Group, LLC, and Capstone Valuation Services, LLC, as financial
advisors.


DENDREON CORP: March 24 Hearing on Bid to Extend Plan Exclusivity
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware will hold a
hearing on March 24, 2015, at 4:00 p.m. (Eastern) to consider the
motion to extend the exclusive periods filed by Dendreon
Corporation and its debtor-affiliates.

As reported in the Troubled Company Reporter on March 11, 2015, the
Debtors asked the Court to extend the period by which they have
exclusive right to file a plan through and including June 29, 2015,
and the period by which they have exclusive right to solicit
acceptances of the plan through and including Aug. 27, 2015.

The Debtors' Plan Period was slated to expire on March 10.  The
Debtors' counsel, Sarah E. Pierce, Esq., at Skadden, Arps, Slate,
Meagher & Flom LLP, in Wilmington, Delaware, told the Court that
the Debtors have already begun the process of preparing a plan of
liquidation and negotiating with their creditors regarding the
provisions of the plan.  Ms. Pierce said the Debtors believe that
it is reasonable to request additional time to prepare,  file, and
confirm a chapter 11 plan based on the Sale.  Granting the
requested extensions will facilitate the Debtors' efforts by
providing the Debtors with a full and fair opportunity to propose
and solicit a plan without the distraction of ill-formed competing
plans, Ms. Pierce asserted.

                          About Dendreon Corp

With corporate headquarters in Seattle, Washington, Dendreon
Corporation -- http://www.dendreon.com/-- a biotechnology company
focused on the development of novel cellular immunotherapies to
significantly improve treatment options for cancer patients.

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

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

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

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

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

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


DIGERATI TECHNOLOGIES: Posts $3.64M Income in April 30 Quarter
--------------------------------------------------------------
Digerati Technologies, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing
net income of $3.64 million on $16.6 million of total operating
revenues for the three months ended April 30, 2013, compared with a
net loss of $478,000 on $705,000 of total operating revenues for
the same period in 2012.

The Company's balance sheet at April 30, 2013, showed $80.83
million in total assets, $76.7 million in total liabilities, and
total stockholders' equity of $4.09 million.

Digerati has incurred net losses and has accumulated a deficit of
approximately $71.05 million and a working capital deficit of
approximately $50.71 million, which raises substantial doubt about
Digerati's ability to continue as a going concern.

A copy of the Form 10-Q is available at:
                              
                       http://is.gd/J7mTMq
                          
                   About Digerati Technologies

Digerati Technologies, Inc., filed a Chapter 11 petition (Bankr.
S.D. Tex. Case No. 13-33264) in Houston, on May 30, 2013.  At the
time of its Chapter 11 filing, Digerati –
http://www.digerati-inc.com/--  
was a publicly held company whose primary assets were 100% stock
ownership
of two oilfield services companies that the Debtor valued at $30
million
each: Hurley Enterprises, Inc.; and Dishon Disposal, Inc.  The
Debtor also
owned Shift 8 Networks, a cloud communication service.  The Debtor
has
no independent operations apart from its subsidiaries.

Digerati disclosed $60 million in assets and $62.5 million in
liabilities as of May 29, 2013.

Bankruptcy Judge Jeff Bohm oversees the Chapter 11 case.  Deirdre
Carey Brown, Esq., Annie E. Catmull, Esq., Melissa Anne Haselden,
Esq., Mazelle Sara Krasoff, Esq., and Edward L Rothberg, at Hoover
Slovacek, LLP, in Houston, represent the Debtor as counsel.  The
Debtor tapped Gilbert A. Herrera and Herrera Partners as the
investment banker.

Earlier in the case, Rhode Holdings, LLC, sought the transfer of
venue of Digerati's Chapter 11 case to the U.S. Bankruptcy Court
for the Western District of Texas, San Antonio Division.  The
case, however, remained in the Houston Bankruptcy Court.

                           *     *     *

Hurley Enterprises and Dishon Disposal sold for approximately $41
million.  Dishon was sold to Buckhorn Disposal, LLC at auction on
June 19, 2014 for $27 million.  The only other bidder was Terry
Dishon with a credit bid of $12.3 million.  The Hurleys submitted
the winning bid for Hurley at auction, with a credit bid of $14
million.


DORAL FINANCIAL: Liquidating Under Ch. 11 After Bank Unit Seized
----------------------------------------------------------------
Puerto Rican company Doral Financial Corporation sought bankruptcy
protection less than two weeks after its 26-branch banking unit
Doral Bank was seized by regulators.

Carol Flaton, the CRO, explains that DFC initiated the Chapter 11
case in response to Doral Bank being placed into receivership.  DFC
is already in the process of liquidating certain of its assets,
which DFC expects to convert to cash through sales and other
transactions under the jurisdiction of this Court.  In light of the
Supreme Court of Puerto Rico's denial of DFC's petition for
Certiorari regarding the 2012 Closing Agreement, DFC also intends
to pursue litigation or transactions to realize value on its tax
rights with the Hacienda, including DFC's rights under the 2006
Closing Agreement and the 2013 Closing Agreement.  The Debtor
expects to distribute the proceeds to creditors through a chapter
11 plan of liquidation negotiated with the major creditor
constituencies.

Prepetition, DFC engaged in several transactions to resolve
nonperforming assets and increase capital at Doral Bank.  In 2014,
DFC retained Houlihan Lokey to help DFC and Doral Bank restructure
their operations and raise capital through asset sales.  This
resulted in several asset sales by DFC and Doral Bank in 2014,
which raised needed capital.  DFC also intended to initiate an
exchange offer to recapitalize DFC around a smaller, but profitable
and regulatory-compliant, banking operation. However, the exchange
never came to fruition.

DFC blamed its woes on the ongoing recession in Puerto Rico, tax
disputes with the Commonwealth of Puerto Rico, disputes with the
Federal Deposit Insurance Corporation and the Puerto Rico Office of
the Commissioner of Financial Institutions.

Due to the continued recession in Puerto Rico, Doral Bank
experienced difficulty in maintaining sufficient capital to satisfy
the FDIC's requirements.  The FDIC, appointed the Bank's receiver
on Feb. 27, entered into a purchase and assumption agreement with
Banco Popular de Puerto Rico, Hato Rey, Puerto Rico, to acquire the
banking operations, including all the deposits, of Doral Bank.  As
of Dec. 31, 2014, Doral Bank had approximately $5.9 billion in
total assets and $4.1 billion in total deposits.

                  Tax Disputes with the Commonwealth

The Doral Group reported large, but illusory, gains in the early to
mid-2000s.  Largely as a result of apparent gains in these
transactions, the Doral Group reported large profits in the early
to mid 2000s, on which it paid substantial amounts in taxes to the
Commonwealth's taxing authority (the "Hacienda").

To address the tax overpayments, DFC and the Hacienda engaged in
lengthy negotiations, which eventually resulted in several closing
agreements with the Hacienda settling these disputes over time.

However, after a change in the government of Puerto Rico, the
Hacienda refused to abide by the terms of the 2012 Closing
Agreement and did not issue refunds for the prepaid taxes.  On May
14, 2014, the Hacienda issued a decision finding that Doral Bank
was not entitled to the refunds.

Subsequently, DFC sought to judicially enforce the 2012 Closing
Agreement and filed a complaint for declaratory judgment in the
Court of First Instance of Puerto Rico.  On Oct. 10, 2014, the
Court of First Instance ruled in DFC's favor, finding the 2012
Closing Agreement to be a valid and binding obligation enforceable
against the Commonwealth.

On Dec. 31, 2014, the Commonwealth appealed the ruling to the Court
of Appeals of Puerto Rico, and on February 25, 2015, the Court of
Appeals overturned the ruling of the Court of First Instance.

DFC filed an appeal to the Supreme Court of Puerto Rico early in
the morning on Friday, Feb. 27, 2015.  Later that day -- the same
day Doral Bank was placed into receivership -- the Supreme Court of
Puerto Rico denied DFC's petition for Certiorari.  As a result, the
Court of Appeals decision is final and the 2012 Closing Agreement
is now void.

DFC is exploring its rights in the aftermath of the judicial
disallowance of the 2012 Closing Agreement.

                         First Day Motions

The Debtor on the Petition Date filed with the U.S. Bankruptcy
Court motions to:

   -- extend deadline to file its schedules;

   -- reject certain unexpired leases of nonresidential real
property;

   -- reject certain executory contracts;

   -- pay prepetition wages and obligations to employees; and

   -- obtain a waiver under Section 345(B) regarding the Debtor's
bank accounts.

A copy of the CRO's declaration in support of the first day motions
is available for free at:

    http://bankrupt.com/misc/Doral_1st_Day_Affidavit.pdf

                       About Doral Financial

Doral Financial Corporation is a holding company whose primary
operating asset was equity in Doral Bank.  DFC maintains offices in
New York City, Coral Gables, Florida and San Juan, Puerto Rico. DFC
has three wholly-owned subsidiaries: (i) Doral Properties, Inc.,
(ii) Doral Insurance Agency, LLC ("Doral Insurance"), and (iii)
Doral Recovery, Inc.

On Feb. 27, 2015, regulators placed Doral Bank into receivership
and named the Federal Deposit Insurance Corp. as receiver.  Doral
Bank served customers through 26 branches located in New York,
Florida, and Puerto Rico.

DFC sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
15-10573) in Manhattan on March 11, 2015.  The case is assigned to
Judge Shelley C. Chapman.

DFC estimated $50 million to $100 million in assets and $100
million to $500 million in debt as of the bankruptcy filing.

The Debtor tapped Ropes & Gray LLP as counsel.

The Debtor's Chapter 11 plan and Disclosure Statement are due July
9, 2015.  The initial case conference is set for April 10, 2015.


DORAL FINANCIAL: Rejecting Doral Bank-Related Contracts
-------------------------------------------------------
Doral Financial Corporation is asking the U.S. Bankruptcy Court for
the Southern District of New York to reject certain executory
contracts.  Doral Bank, the Debtor's former subsidiary, was placed
into receivership on Feb. 27, 2015.  Many of the executory
contracts that the Debtor seeks to reject are either (a) for
services previously used by Doral Bank or its employees, or (b)
related to certain of the Debtor's operations that have been
rendered moot by Doral Bank being placed into receivership.
Counterparties to these rejected contracts are:

  1. AT&T Mobility National Accounts LLC
  2. Qwest Communications Company,
  3. Cohen Brothers Realty Corporation
  4. Communicar, Inc.
  5. Harland Financial Solutions, Inc.
  6. IBM Corporation
  7. International Business Machines
  8. Kaback Enterprises, Inc.
  9. Navex Global, Inc.
10. NCP Solutions, LLC
11. TPG Software, Inc.
12. Oracle Caribbean, Inc.
13. SAS Institute Inc.
14. Christopher Poulton

                       About Doral Financial

Doral Financial Corporation is a holding company whose primary
operating asset was equity in Doral Bank.  DFC maintains offices in
New York City, Coral Gables, Florida and San Juan, Puerto Rico. DFC
has three wholly-owned subsidiaries: (i) Doral Properties, Inc.,
(ii) Doral Insurance Agency, LLC ("Doral Insurance"), and (iii)
Doral Recovery, Inc.

On Feb. 27, 2015, regulators placed Doral Bank into receivership
and named the Federal Deposit Insurance Corp. as receiver.  Doral
Bank served customers through 26 branches located in New York,
Florida, and Puerto Rico.

DFC sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
15-10573) in Manhattan on March 11, 2015.  The case is assigned to
Judge Shelley C. Chapman.

DFC estimated $50 million to $100 million in assets and $100
million to $500 million in debt as of the bankruptcy filing.

The Debtor tapped Ropes & Gray LLP as counsel.

The Debtor's Chapter 11 plan and Disclosure Statement are due July
9, 2015.  The initial case conference is set for April 10, 2015.


DORAL FINANCIAL: Seeks Approval to Reject Leases
------------------------------------------------
Doral Financial Corporation is asking the U.S. Bankruptcy Court for
the Southern District of New York for approval to reject certain
unexpired leases of nonresidential real property.  

The Debtor serves as tenant or sub lessor to a number of leases of
non-residential real property.  The Debtor no longer requires the
premises that it leases as tenant pursuant to the leases, and the
leases pursuant to which the Debtor is a sub-lessor are
unprofitable.  The Debtor intends to reject:

   -- a lease agreement with Doral Properties pertaining to the
location at 1451 Roosevelt Ave., in San Juan, PR (Monthly rent:
$21,302);

   -- a lease agreement with Fifth Avenue Building Company LLC
relating to the location at 623 Fifth Avenue, New York, NY, 13th
Floor (Monthly Rent: $92,154);

   -- a sublease agreement with Union Bancaire Privee Asset
Management, LLC, relating to the location at 623 Fifth Avenue,
New York, NY, 17th Floor (Monthly Rent: $72,430);

   -- a sublease agreement with Bankunited N.A. (as subtenant),
pertaining to location at 623 Fifth Avenue, New York, NY, 13th
Floor (Monthly Rent: $71,817); and

   -- a sublease agreement with HCL America Inc. (as subtenant),
pertaining to the location at 623 Fifth Avenue, New York, NY, 19th
Floor (Monthly Rent: $94,159).

                       About Doral Financial

Doral Financial Corporation is a holding company whose primary
operating asset was equity in Doral Bank.  DFC maintains offices in
New York City, Coral Gables, Florida and San Juan, Puerto Rico. DFC
has three wholly-owned subsidiaries: (i) Doral Properties, Inc.,
(ii) Doral Insurance Agency, LLC ("Doral Insurance"), and (iii)
Doral Recovery, Inc.

On Feb. 27, 2015, regulators placed Doral Bank into receivership
and named the Federal Deposit Insurance Corp. as receiver.  Doral
Bank served customers through 26 branches located in New York,
Florida, and Puerto Rico.

DFC sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
15-10573) in Manhattan on March 11, 2015.  The case is assigned to
Judge Shelley C. Chapman.

DFC estimated $50 million to $100 million in assets and $100
million to $500 million in debt as of the bankruptcy filing.

The Debtor tapped Ropes & Gray LLP as counsel.

The Debtor's Chapter 11 plan and Disclosure Statement are due July
9, 2015.  The initial case conference is set for April 10, 2015.


DORAL FINANCIAL: Wants Until April 24 to File Schedules
-------------------------------------------------------
Doral Financial Corporation is asking the U.S. Bankruptcy Court for
the Southern District of New York to enter an order extending the
deadline by which it must file schedules of assets and liabilities,
and statement of financial affairs by 30 days, through and
including April 24, 2015, without prejudice to its right to seek
additional extensions.

Mark I. Bane, Esq., at Ropes & Gray LLP, explains that although the
Debtor has commenced the process of gathering the necessary
information to prepare and finalize the Schedules and Statements,
the 14-day time period provided by Bankruptcy Rule 1007 will be
insufficient to complete those tasks.  The nature and scope of the
Debtor's operations require the maintenance of voluminous records
and intricate accounting systems, some of which may now be under
the control of the FDIC.  The complexity of the Debtor's business
and the limited staff available to perform the required internal
review of its financial records and affairs and the pressure
incident to the commencement of the Chapter 11 case, provides ample
cause justifying, if not necessitating, a 30-day extension of the
deadline to file the Schedules and Statements.

                       About Doral Financial

Doral Financial Corporation is a holding company whose primary
operating asset was equity in Doral Bank.  DFC maintains offices in
New York City, Coral Gables, Florida and San Juan, Puerto Rico. DFC
has three wholly-owned subsidiaries: (i) Doral Properties, Inc.,
(ii) Doral Insurance Agency, LLC ("Doral Insurance"), and (iii)
Doral Recovery, Inc.

On Feb. 27, 2015, regulators placed Doral Bank into receivership
and named the Federal Deposit Insurance Corp. as receiver.  Doral
Bank served customers through 26 branches located in New York,
Florida, and Puerto Rico.

DFC sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
15-10573) in Manhattan on March 11, 2015.  The case is assigned to
Judge Shelley C. Chapman.

DFC estimated $50 million to $100 million in assets and $100
million to $500 million in debt as of the bankruptcy filing.

The Debtor tapped Ropes & Gray LLP as counsel.

The Debtor's Chapter 11 plan and Disclosure Statement are due July
9, 2015.  The initial case conference is set for April 10, 2015.


DUNE ENERGY: Eos Advises Exchange Agent to Return Tendered Shares
-----------------------------------------------------------------
Eos Petro, Inc., and Eos Merger Sub, Inc., a directly wholly owned
subsidiary of Eos, filed an amendment No. 14 to the Schedule TO
which amends and supplements the tender offer statement originally
filed with the Securities and Exchange Commission on Oct. 9, 2014,
relating to the offer by Eos to purchase each of the outstanding
shares of common stock, par value $0.001 per share, of Dune Energy,
Inc., for $0.30 in cash, without interest and less any required
withholding taxes.

Dune Energy had terminated the agreement and plan of merger due to
a breach Eos under the Agreement.

The Offer expired on Feb. 27, 2015.  No Shares were purchased by
Eos pursuant to the Offer.  Eos has instructed the exchange agent
for the Offer to promptly return all shares of Dune common stock to
the tendering stockholders.

                         About Dune Energy

Dune Energy, Inc., Dune Operating Company and Dune Properties, Inc.
filed Chapter 11 bankruptcy petitions (Bankr. W.D. Tex. Lead Case
No. 15-10336) on March 8, 2015.  James A. Watt signed the petition
as president and chief executive officer.  The Debtors disclosed
total assets of $229.4 million and total debts of $144.2 million as
of Sept. 30, 2014.  Judge Christopher H. Mott presides over the
cases.

Charles A. Beckham, Jr., Esq., Kenric D. Kattner, Esq., Kourtney P.
Lyda, Esq., Kelli M. Stephenson, Esq., at Haynes and Boone, LLP
represent the Debtors as counsel.  Deloitte Transactions and
Business acts as the Debtors' restructuring advisor.  Parkman
Whaling LLC assists the Debtors with regards to the sales process.

Dune Energy is an independent energy company that was formed in
1998 and operates through two wholly owned subsidiaries, Dune
Operating and Dune Properties.  Since May 2004, the Debtors
have been engaged in the exploration, development, acquisition and
exploitation of crude oil and natural gas properties in Texas
and Louisiana.


DUNE ENERGY: Proposes June 9 Auction for Assets
-----------------------------------------------
Dune Energy, Inc., is asking the U.S. Bankruptcy Court for the
Western District of Texas to approve bid procedures that
contemplate a June 9 auction for the assets.  No buyer yet is under
contract although the company may select a stalking horse bidder
from the bidders who submit an offer by the June 5 deadline.

Over the past year, Dune Energy conducted a sale process and
contacted more than 45 potential buyers.  Eos Petro, Inc.,
submitted the superior offer.  However, the merger agreement with
EOS was terminated after Eos was unable to complete the financing
and consummate the proposed transaction. Dune says Eos owes a $5.5
million merger termination fee.

The salient terms of the proposed bidding procedures are:

   -- Parties who may be interested in purchasing the assets should
contact the Debtors' investment banker:

           Parkman Whaling LLC
           Attn: Michael Hanson
           600 Travis Street, Suite 600
           Houston, TX 77002
           Tel: 713-333-8400
           E-mail: mhanson@parkmanwhaling.com

      Upon execution of a confidentiality agreement, parties will
be given access to the Debtors' on-line data room and may begin
conducting due diligence.

   -- The Debtors, with the consent of the lenders, may identify a
stalking horse bidder.  The stalking horse bid will be subject to
higher and better offers to acquire the assets.

   -- In order to constitute a qualified bid, any proposal,
solicitation or offer for the assets must be submitted in writing
prior to June 5 2015 at12:00 p.m. (Central Time).

   -- The Debtors will identify qualified bidder within two days
after the bid deadline.

   -- If the Debtors do not receive any qualified bids, other than
a stalking horse bid, the Debtors will promptly proceed to seek
entry of the appropriate orders approving the Stalking Horse PSA.
If the Debtors do not receive any qualified bids other than a
credit bid by the Agent or its designee, the Debtors will promptly
proceed to seek entry of the appropriate orders approving such
credit bid by the Agent or its designee.

   -- In the event the Debtors receive more than one qualified bid,
the Debtors may determine to schedule an auction to request
additional competitive bids from qualified bidders.  In the event
that the Debtors determine to conduct an auction, the auction will
start on Tuesday, June 9, 2015 at 10:00 a.m. (Central Time) at the
offices of Haynes and Boone LLP, 1221 McKinney, Suite 2100,
Houston, TX 77025.

   -- In the event the Debtors receive more than one qualified bid
and determine to schedule an auction, the agent for the first lien
lenders or its designee will be entitled to credit bid all or a
portion of the outstanding obligations under the DIP Facility and
the First Lien Credit Agreement in accordance with Section 363(k)
of the Bankruptcy Code.

   -- Following the conclusion of the auction, the Debtors will
file the definitive purchase and sale agreement for the successful
bid.  The Debtors intend to present the successful bid(s) for
approval by the Court at a sale hearing to be held on or before
Friday, June 12, 2015.

                       Other First Day Motions

The Debtors on the Petition Date also filed motions to jointly
administer their Chapter 11 cases, extend time to file their
schedules and statements, continue their cash management system,
pay prepetition wages and benefits of employees, prohibit utilities
from discontinuing service, and continue their insurance policies.

                         About Dune Energy

Dune Energy, Inc., is an independent energy company that was formed
in 1998 and operates through two wholly owned subsidiaries, Dune
Operating Company and Dune Properties, Inc.  Since May 2004, Dune
has been engaged in the exploration, development, acquisition and
exploitation of crude oil and natural gas properties in Texas and
Louisiana.

Dune Energy and its two subsidiaries sought bankruptcy protection
(Bankr. W.D. Tex. Lead Case No. 15-10336) in Austin, Texas, on
March 8, 2015.  The case is assigned to Judge Christopher H. Mott.

The Debtors tapped Haynes and Boone, LLP, as counsel; Deloitte
Transactions and Business Analytics LLP, as restructuring advisors;
and Parkman Whaling LLC, as sale professionals.

Dune Energy disclosed $229.4 million in assets and $144.2 million
in liabilities as of Sept. 30, 2014.


DUNE ENERGY: Seeks Joint Administration of Ch. 11 Cases
-------------------------------------------------------
Dune Energy, Inc., and its debtor subsidiaries ask the U.S.
Bankruptcy Court, Western District of Texas to enter an order
directing the joint administration of the Debtors' Chapter 11 cases
for procedural purposes only, including the joint filing of any
disclosure statements and plans of reorganization and other
contested matters, pursuant to Rule 1015(b) of the Federal Rule of
Bankruptcy Procedure.

Dune Energy requests that the cases be jointly administered under
the case number of Dune Energy (Case No. 15- 10336) in accordance
with Local Bankruptcy Rule 1015(2).

Dune Energy submits that joint administration of the Debtors' cases
will obviate the need for duplicative notices, motions,
applications, hearings and orders, and will therefore save
considerable time and expense for the Debtors and their estates.

                         About Dune Energy

Dune Energy, Inc., is an independent energy company that was formed
in 1998 and operates through two wholly owned subsidiaries, Dune
Operating Company and Dune Properties, Inc.  Since May 2004, Dune
has been engaged in the exploration, development, acquisition and
exploitation of crude oil and natural gas properties in Texas and
Louisiana.

Dune Energy and its two subsidiaries sought bankruptcy protection
(Bankr. W.D. Tex. Lead Case No. 15-10336) in Austin, Texas, on
March 8, 2015.  The case is assigned to Judge Christopher H. Mott.

The Debtors tapped Haynes and Boone, LLP, as counsel; Deloitte
Transactions and Business Analytics LLP, as restructuring advisors;
and Parkman Whaling LLC, as sale professionals.

Dune Energy disclosed $229.4 million in assets and $144.2 million
in liabilities as of Sept. 30, 2014.


DUNE ENERGY: Wants Schedules Deadline Moved to April
----------------------------------------------------
Dune Energy, Inc., et al., ask the U.S. Bankruptcy Court for the
Western District of Texas to extend by 16 days the deadline to file
their respective schedules of assets and liabilities and statements
of financial affairs so that those documents are due 30 days after
the Petition Date.

Prior to the Petition Date, the Debtors were unable to assemble all
of the information necessary to complete and file their Schedules
and Statements required by Bankruptcy Rule 1007(b) because of (a)
the exigent nature of the Debtors' bankruptcy filing as well as the
size of the Chapter 11 cases, (b) the Debtors' lack of liquidity,
(c) the Debtors' employees have been devoted to trying to
negotiate, finalize and close the Merger Agreement with EOS and
have also been in negotiations with various creditor
constituencies, and (d) business exigencies incident to the
commencement of these Chapter 11 cases.  On Feb. 5, 2015, the
Debtors hired Deloitte Transactions and Business Analytics LLP to
assist them with the preparation of their Statements and Schedules,
and are working diligently and expeditiously to prepare the
Schedules and Statements.

                         About Dune Energy

Dune Energy, Inc., is an independent energy company that was formed
in 1998 and operates through two wholly owned subsidiaries, Dune
Operating Company and Dune Properties, Inc.  Since May 2004, Dune
has been engaged in the exploration, development, acquisition and
exploitation of crude oil and natural gas properties in Texas and
Louisiana.

Dune Energy and its two subsidiaries sought bankruptcy protection
(Bankr. W.D. Tex. Lead Case No. 15-10336) in Austin, Texas, on
March 8, 2015.  The case is assigned to Judge Christopher H. Mott.

The Debtors tapped Haynes and Boone, LLP, as counsel; Deloitte
Transactions and Business Analytics LLP, as restructuring advisors;
and Parkman Whaling LLC, as sale professionals.

Dune Energy disclosed $229.4 million in assets and $144.2 million
in liabilities as of Sept. 30, 2014.


E&S CONTRACTING: Case Summary & 11 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: E&S Contracting Services of WNY, Inc.
           aka MCD Plumbing, Inc.
        P.O. Box 1383
        Orchard Park, NY 14127

Case No.: 15-10412

Chapter 11 Petition Date: March 11, 2015

Court: United States Bankruptcy Court
       Western District of New York (Buffalo)

Debtor's Counsel: Arthur G. Baumeister, Jr., Esq.
                  AMIGONE, SANCHEZ & MATTREY LLP
                  1300 Main Place Tower
                  350 Main Street
                  Buffalo, NY 14202
                  Tel: (716) 852-1300
                  Email: abaumeister@amigonesanchez.com

Total Assets: $229,500

Total Liabilities: $1.27 million

The petition was signed by Michael C. Diebold, president.

A list of the Debtor's 11 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nywb15-10412.pdf


EDWARD MANDEL: Dist. Ct. Upholds Approval of Thrasher/Coleman Deal
------------------------------------------------------------------
NeXplore Corporation took an appeal from a November 2013 order
approving Trustee Milo H. Segner, Jr.'s proposed settlement
agreement with Steven Thrasher, MadenSewell, LLP and the Law
offices of Mitchell Madden -- partial assignee of Steven Thrasher,
"Madden" -- and Jason Coleman.

Mr. Segner serves as Chapter 11 trustee in the bankruptcy case
filed by Edward Mandel on January 25, 2010.

Mr. Thrasher, individually and on behalf of White Nile Software,
Inc., and Mr. Coleman, individually, filed large, unliquidated,
contingent, and disputed claims in the Mandel bankruptcy case.
Thrasher asserted a claim for $56 million, while Coleman asserted a
claim for $25 million. Both claims were based on various breach of
contract, breach of fiduciary duty, and multiple tort claims
stemming from unresolved state court litigation. In that
litigation, Messrs. Thrasher and Coleman alleged that the Debtor
took intellectual property of Thrasher, Coleman, and White Nile and
gave that property to NeXplore.  NeXplore also filed a $270,000
claim in the bankruptcy case.  After a lengthy trial, the
Bankruptcy Court entered its order, allowing all claims in
substantial amounts, but far less than the amounts asserted.

In May 2013, the Trustee sought approval of a proposed settlement
agreement, on behalf of the Estate, with Thrasher and Coleman,
whereby their claims would be allowed (as against the Estate, but
not as against the Debtor), in the exact amounts previously ordered
by the Bankruptcy Court.  The Bankruptcy Court entered an order
approving the settlement.

NeXplore timely appealed the settlement order, raising two issues
on appeal: (1) whether the Bankruptcy Court erred in approving the
Trustee's proposed settlement when the Trustee offered no evidence
in support of said settlement; and (2) whether the Bankruptcy Court
erred in approving the Trustee's proposed settlement under the
applicable factors governing such approval, in light of the lack of
consideration to the bankruptcy estate under said settlement and in
light of all other governing factors.

On review, District Judge Ron Clark finds no abuse of discretion in
the Bankruptcy Court's ruling.  Thus, Judge Clark affirmed the
judgment of the Bankruptcy Court.

The case is IN RE: EDWARD MANDEL Debtor. NEXPLORE CORPORATION
Appellant, v. STEVEN THRASHER, et al., Appellees, CIVIL ACTION NO.
4:14-CV-6, BANKRUPTCY NO. 10-40219, (E.D. Tex.).

A copy of Judge Clark's March 6, 2015 Memorandum Opinion is
available at http://is.gd/s0tN0ufrom Leagle.com.

NeXplore Corporation, Appellant, represented by Martin K Thomas,
Martin & Sobol.

Steven Thrasher, Appellee, represented by Steven Thomas Ramos,
Ackerman & Savage.

MaddenSewell, LLP, Appellee, represented by Mitchell Madden, The
Law Offices of Mitchell Madden.

Jason Coleman, Appellee, represented by Elvin E Smith, III, Law
Offices of Elvin E. Smith III PLLC.

Edward Mandel, Debtor-in-Possession, represented by Davor Rukavina
-- drukavina@munsch.com -- Munsch Hardt Kopf & Harr, PC.


EMPIRE RESORTS: Reports $24 Million Net Loss for 2014
-----------------------------------------------------
Empire Resorts, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
applicable to common shares of $24.1 million on $65.2 million of
net revenues for the year ended Dec. 31, 2014, compared to a net
loss applicable to common shares of $27.05 million on $70.96
million of net revenues in 2013.

As of Dec. 31, 2014, the Company had $39.9 million in total assets,
$57.0 million in total liabilities and a $17.1 million total
stockholders' deficit.

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

                        http://is.gd/9n9YuV

                        About Empire Resorts

Based in Monticello, New York, Empire Resorts, Inc. (NASDAQ: NYNY)
-- http://www.empireresorts.com/-- owns and operates Monticello
Casino & Raceway, a video gaming machine and harness racing track
and casino located in Monticello, New York, 90 miles northwest of
New York City.


ESTATE FINANCIAL: Trustee OK'd to Sell Calif. Property Interests
----------------------------------------------------------------
The Bankruptcy Court authorized Thomas P. Jeremiassen, the Chapter
11 trustee for Estate Financial, Inc., to sell interests in the
real property located at 150 Hinds Avenue, Pismo Beach,
California.

The EFI Trustee is authorized to fully assume, perform under,
consummate and implement the sale agreement.  Additionally, the
employment of the subject broker(s) is approved and the EFI Trustee
is authorized to cause payment of the real estate brokers'
commissions in accordance with the sale agreement.

The EFI Trustee is represented by:

         Robert B. Orgel, Esq.
         Samuel R. Maizel, Esq.
         Jeffrey L. Kandel, Esq.
         PACHULSKI STANG ZIEHL & JONES LLP
         10100 Santa Monica Blvd., 13th Floor
         Los Angeles, CA 90067-4003
         Tel: (310) 277-6910
         Fax: (310) 201-0760
         E-mail: jkandel@pszjlaw.com

                        About Estate Financial

Estate Financial, Inc. -- http://www.estatefinancial.com/-- was a

license real estate brokerage firm since the later 1980's.  EFI
solicited funding for, and arranged and made, loans secured by
various real property.  EFI also was the sole manager of Estate
Financial Mortgage Fund LLC, which was organized for the purpose
of investing in and funding loans originated by EFI which were
secured by first deeds of trust encumbering commercial and real
estate located primarily in California and has been funding such
mortgage loans since 2002.

Five creditors of EFI filed an involuntary Chapter 11 petition
against the real estate broker (Bankr. C.D. Cal. Case No. 08-11457)
on June 25, 2008.  EFI consented to the bankruptcy petition on July
16, 2008.

Robert B. Orgel, Esq., at Pachulski Stang Ziehl & Jones LLP, and
William C. Beall, Esq., at Beall and Burkhardt, represented the
Debtor as counsel.  A Chapter 11 trustee, Thomas P. Jeremiassen,
was appointed by the Court on July 23, 2008.  Robyn B. Sokol,
Esq., and Steven T. Gubner, Esq., at Ezra Brutzkus & Gubner,
represent the official committee of unsecured creditors as
counsel.  In its schedules, Estate Financial disclosed total
assets of $27.4 million, and total debt of $7.32 million.



FCC HOLDINGS: Former Workers, Michigan Object to Plan Confirmation
------------------------------------------------------------------
Several former employees and the State of Michigan objected to the
confirmation of FCC Holdings, Inc., et al.'s First Amended Joint
Plan of Orderly Liquidation.

The Former Employees, whose claims arise from debtor Education
Training Corporation's deferred compensation plan, complain that
the Debtors should not release the Purchaser from
fraudulent-transfer-liability because the Purchase Price was "less
than a reasonably equivalent value in exchange for [the transfer of
the FCC Acquired Assets,]" and ETC was either insolvent at the time
of the transfer or rendered insolvent as a result.

The State of Michigan, Department of Treasury, which timely filed
priority ($4,276) and general unsecured ($1,033) proofs of claims,
objects to the proposed plan as it fails to provide for interest on
the priority claims to be paid over time, which is warranted under
Section 1123(a)(5(G) of the Bankruptcy Code.

Wells Fargo Equipment Finance, Inc., a perfected secured creditor,
filed a reservation of rights with respect to the Plan because the
Debtors' intentions with respect to WFEFI's distribution is unknown
and WFEFI may not have been provided with all of its equipment upon
which it had a lien.

In response to the objections, the Debtors filed a memorandum of
law maintaining that their plan satisfies the requirements for
confirmation under Section 1129 of the Bankruptcy Code and should
be confirmed.  The Debtors also filed a proposed form of the
Liquidating Trust Agreement, which is Exhibit "A" to the Plan, a
full-text copy of which is available at
http://bankrupt.com/misc/FCCplanex0302.pdf

As previously reported by The Troubled Company Reporter, Judge
Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware on Jan. 29, 2015, approved the disclosure
statement explaining the Debtors' plan and scheduled a confirmation
hearing to be held on March 18, 2015, at 10:00 a.m. (prevailing
Eastern Time).

The Plan embodies a settlement agreement by and between the
Debtors, Bank of Montreal, as agent on behalf of the Lenders, IEC
Corporoation, which purchased some of the Debtors' assets, and the
Official Committee of Unsecured Creditors over the resolution of
the cases.  In particular, the Debtors, the Agent on behalf of the
Lenders, IEC and the Committee have agreed to the releases of
claims and other liabilities set forth in the Plan and in the Final
Cash Collateral Order.  Further, the Debtors, the Agent on behalf
of the Lenders, IEC and the Committee have agreed that (i) IEC will
fund $100,000 to a liquidating trust, and (ii) IEC will acquire any
and all potential preference actions against non-insiders under
Section 544 and 547 of the Bankruptcy Code, and will covenant not
to pursue
those actions.

The Debtors, on Jan. 28, filed an amended liquidation plan to,
among other things, incorporate the plan confirmation schedule.
In
the First Amended Plan, the Debtors maintain that substantive
consolidation is warranted because prior to the Petition Date,
they
operated under consolidated books and records, so that their
crediors regarded them as one legal entity.  Furthermore, the
Debtors state that BMO holds a lien on all of the assets of each
of
the Debtors, and the combined remaining assets of all of the
Debtors is substantially less than the amount owed to BMO,
substantive consolidation is warranted in that attempting to
separate the Debtors would be an unnecessary cost to the Debtors'
estates with no corresponding benefit.

A blacklined version of the First Amended Disclosure Statement
dated Jan. 28, 2015, is available at http://is.gd/OSqMXj

The Former Employees -- Aaron Anderson, Erik Brodie, Deborah
Calamaro, David Knobel, Michael Knowles,  Martin Najarro, Sandra
May, Jeffrey Pierne, Joseph Sous and Michael Schwam -- are
represented by:

         Thomas G. Macauley, Esq.
         MACAULEY LLC
         300 Delaware Avenue, Suite 760
         Wilmington, DE 19801
         Tel: (302) 656-0100
         Fax: (302) 654-4362

Michigan Treasury is represented by:

         Heather Donald, Esq.
         Assistant Attorney General
         Revenue and Collections Division
         3030 W. Grand Blvd., Suite 10-200
         Detroit, MI 48202
         Tel: (313) 456-0140

WFEFI is represented by:

         Deirdre M. Richards, Esq.
         THE LAMM GROUP
         1608 Walnut Street, Suite 703
         Philadelphia, PA 19103
         Tel: (215) 399-0913

                        About FCC Holdings

FCC Holdings, Inc., and its affiliates sought Chapter 11
protection
(Bankr. D. Del. Lead Case No. 14-11987) on Aug. 25, 2014.

Headquartered in Ft. Lauderdale, Florida, FCC and its affiliates
provide quality postsecondary education in fourteen states.  The
FCC schools were started by David Knobel in 1994 in Fort
Lauderdale, Florida, and, as of the bankruptcy filing, are owned
by
Greenhill Capital Partners.

Prior to the Petition Date, the Company, which currently operates
under the name "Anthem Education," had three sets of schools --
the
14 Florida Career College schools; the 22 Anthem Education
schools;
and the 5 US Colleges schools.

The Debtors' outstanding secured obligations are $49 million, plus
interest and fees, comprised of: Tranche A Loans of $18.6 million,
Tranche B Loans of $29.1 million, and existing letters of credit
of
$1.39 million.  The Debtors also have unsecured debt of $15
million.

Judge Christopher S. Sontchi is assigned to the Chapter 11 cases.

The Debtors have tapped Dennis A. Meloro, Esq., at Greenberg
Traurig, LLP, as counsel, and KCC as claims and notice agent.

The U.S. Trustee has appointed three members to the Official
Committee of Unsecured Creditors.  Womble Carlyle Sandridge &
Rice,
LLP, and Ottenbourgh P.C., serve as its co-counsel.


FRANKLIN INDUSTRIES: Hirsh Lacks Standing to Sue Qingdao et al.
---------------------------------------------------------------
The Chapter 7 trustee of Franklin Industries, LLC -- a seller of
refrigeration equipment that entered bankruptcy in 2009 -- assigned
to Richard Hirsh certain causes of action upon which basis Hirsch
brought a lawsuit against Qingdao Orien Commercial Equipment Co.,
Ltd., f/k/a AUCMA, et al.  Hirsch, on February 28, 2012, filed a
complaint alleging breach of contract, breach of warranty, and
theft of proprietary information.  Qingdao, as well as defendants
Orien USA, LLC and John Doran filed motions to dismiss the
complaint.  

On review, District Judge Roslynn R. Mauskopf concludes that the
written assignment instrument did not transfer to Hirsch the claims
against the parties upon which he now sues, and that Hirsch
therefore lacks standing. Accordingly, Judge Mauskopf grants the
Qingdao and the Doran defendants' motions and the complaint is
dismissed against them. Furthermore, the Court rules, all claims
against the two remaining (non-appearing) defendants, Michael
Witthoft and Five Star Enterprises Limited, are also dismissed.

Franklin Industries was an American corporation that designed,
manufactured, and sold cooling units. Hirsch was its principal.

A copy of Judge Mauskopf's March 6, 2015 Memorandum and Order is
available at http://is.gd/Bqby0jfrom Leagle.com.

The case is RICHARD HIRSCH, Assignee of Certain Claims of the
Bankruptcy Estate of Franklin Industries, LLC, Plaintiff, v.
QINGDAO ORIEN COMMERCIAL EQUIPMENT CO., LTD., f/k/a AUCMA, JOHN
DORAN, MICHAEL WITTHOFT, FIVE STAR ENTERPRISES LIMITED, and ORIEN
USA, LLC, Defendants, Case No. 12-CV-952 (RRM), (E.D.N.Y.).

Richard Hirsch, Plaintiff, represented by Eliot R. Clauss --
erc@claussassociates.com -- Clauss & Associates, P.C..

Qingdao Orien Commercial Equipment Co., Ltd., Defendant,
represented by Valerie Ying Chen Wong -- info@wongwonglaw.com --
Wong Wong & Associates, P.C. & Vivian Chen -- vchen@wongwonglaw.com
-- Wong, Wong & Associates, P.C..

John Doran, Defendant, represented by Harlan L. Cohen, Dunn
Lambert, LLC.

Orien USA, LLC, Defendant, represented by Harlan L. Cohen, Dunn
Lambert, LLC.


FREESEAS INC: Sells $750,000 Convertible Note to Glengrove Small
----------------------------------------------------------------
FreeSeas Inc. entered into a securities purchase agreement with
Glengrove Small Cap Value Ltd. on March 5, 2015, pursuant to which,
the Company sold a $750,000 principal amount convertible note to
the Investor for gross proceeds of $750,000.

According to a document filed with the Securities and Exchange
Commission, the Note will mature on the one year anniversary of the
Closing Date and will bear interest at the rate of 8% per annum,
which will be payable on the maturity date or any redemption date
and may be paid, in certain conditions, through the issuance of
shares, at the discretion of the Company.

The Note will be convertible into shares of the Company's common
stock, par value $0.001 per share at a conversion price equal to
the lesser of (i) $0.45 and (ii) 60% of the lowest volume weighted
average price of the Common Stock during the 21 trading days prior
to the conversion date.

A full-text copy of the Form 8-K report is available at:

                        http://is.gd/UD6COE

                        About FreeSeas Inc.

Headquartered in Athens, Greece, FreeSeas Inc., formerly known as
Adventure Holdings S.A., was incorporated in the Marshall Islands
on April 23, 2004, for the purpose of being the ultimate holding
company of ship-owning companies.  The management of FreeSeas'
vessels is performed by Free Bulkers S.A., a Marshall Islands
company that is controlled by Ion G. Varouxakis, the Company's
Chairman, President and CEO, and one of the Company's principal
shareholders.

The Company's fleet consists of six Handysize vessels and one
Handymax vessel that carry a variety of drybulk commodities,
including iron ore, grain and coal, which are referred to as
"major bulks," as well as bauxite, phosphate, fertilizers, steel
products, cement, sugar and rice, or "minor bulks."  As of
Oct. 12, 2012, the aggregate dwt of the Company's operational
fleet is approximately 197,200 dwt and the average age of its
fleet is 15 years.

FreeSeas Inc. reported a net loss of US$48.7 million in 2013, a
net loss of US$30.88 million in 2012 and a net loss of US$88.2
million in 2011.  The Company's balance sheet at March 31, 2014,
showed US$79.8 million in total assets, US$77.4 million in total
liabilities, all current, and US$2.37 million in total
shareholders' equity.

RBSM LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2013.  The independent auditors noted that the Company has
incurred recurring operating losses and has a working capital
deficiency.  In addition, the Company has failed to meet
scheduled payment obligations under its loan facilities and has
not complied with certain covenants included in its loan
agreements.  Furthermore, the vast majority of the Company's
assets are considered to be highly illiquid and if the Company
were forced to liquidate, the amount realized by the Company
could be substantially lower that the carrying value of these
assets.  These conditions among others raise substantial doubt
about the Company's ability to continue as a going concern.


GEMINI SYSTEMS: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Gemini Systems, LLC
        61 Broadway, Suite 925
        New York, NY 10006

Case No.: 15-10574

Chapter 11 Petition Date: March 11, 2015

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

Debtor's Counsel: Brendan M. Scott, Esq.
                  Tracy L. Klestadt, Esq.
                  KLESTADT & WINTERS, LLP
                  570 Seventh Avenue, 17th Floor
                  New York, NY 10018
                  Tel: (212) 972-3000
                  Fax: (212) 972-2245
                  Email: bscott@klestadt.com
                         tklestadt@klestadt.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Simon P. Leung, chief executive
officer.

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


GENTLE TOUCH: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Gentle Touch Services, Inc.
        1100 Stubbs Avenue, Suite A
        Monroe, LA 71201

Case No.: 15-30293

Nature of Business: Health Care

Chapter 11 Petition Date: March 11, 2015

Court: United States Bankruptcy Court
       Western District of Louisiana (Monroe)

Judge: Hon. Jeffrey P. Norman

Debtor's Counsel: Bradley L. Drell, Esq.
                  GOLD, WEEMS, BRUSER, SUES & RUNDELL
                  POB 6118
                  Alexandria, LA 71307-6118
                  Tel: (318) 445-6471
                  Email: bdrell@goldweems.com

Total Assets: $49,409

Total Liabilities: $1.21 million

The petition was signed by Liz Harris, president and director.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/lawb15-30293.pdf


GREAT BASIN: Mantyla McReynolds Expresses Going Concern Doubt
-------------------------------------------------------------
Great Basin Scientific, Inc., filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K for the fiscal
year ended Dec. 31, 2014.

Mantyla McReynolds, LLC, expressed substantial doubt about the
Company's ability to continue as a going concern, citing that the
Company has incurred substantial losses from operations causing
negative working capital and negative operating cash flows.

The Company reported a net loss of $21.7 million on $1.61 million
of revenues for the year ended Dec. 31, 2014, compared to a net
loss of $9.56 million on $761,000 of revenues for the same period
in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $7.57 million
in total assets, $15.6 million in total liabilities, and a
stockholders' deficit of $8.01 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/3Ndpbj
                          
Great Basin Scientific, Inc., doing business as Great Basin
Corporation, is a commercial-stage molecular diagnostic testing
company.  The Salt Lake City-based Company aims to improve patient
care through the development and commercialization of its patented
molecular diagnostic platform for testing infectious diseases,
especially hospital-acquired infections.


GREENSHIFT CORP: Issues 596.3 Million Common Shares
---------------------------------------------------
Between Dec. 22, 2014, and March 9, 2015, GreenShift Corporation
has issued 596,357,050 shares of common stock upon the conversion
of debt, according to a document filed with the Securities and
Exchange Commission.  

There are now 1,733,158,210 shares of common stock outstanding.
The new shares were issued in separate transactions with investors,
each of which exercised its right to convert  derivative securities
issued by the Company in prior periods.  The issuances were exempt
from registration under Section 5 of the Securities Act by reason
of Section 4(2) of said Act, as the investors were sophisticated,
were given access to information about the Company, and had taken
the securities for investment. There were no underwriters.

                   About Greenshift Corporation

Headquartered in New York, GreenShift Corporation develops and
commercializes clean technologies designed to integrate into and
leverage established production and distribution infrastructure to
address the financial and environmental needs of its clients by
decreasing raw material needs, facilitating co-product reuse, and
reducing waste and emissions.

Greenshift reported a net loss of $4.43 million on $15.5 million
of total revenue for the year ended Dec. 31, 2013, as compared
with net income of $2.46 million on $14.51 million of total
revenue in 2012.

The Company's balance sheet at Sept. 30, 2014, showed $4.64
million in total assets, $43.2 million in total liabilities, and a
$38.5 million total stockholders' deficit.

Rosenberg Rich Baker Berman & Company, in Somerset, NJ, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2013.  The independent
auditors noted that the Company could be subject to default of its
senior debt obligation in 2014 if a condition to a forbearance
agreement that is not within the Company's control is not
satisfied.  These conditions raise substantial doubt about its
ability to continue as a going concern.


GREG MICHAEL ZUMBACH: Has Standing to Oppose IRS Claims Deal
------------------------------------------------------------
In the case IN RE: GREG MICHAEL ZUMBACH, PEGGY ANN ZUMBACH, Chapter
7, Debtors, Case No. 12-00787 (Bankr. N.D. Iowa), creditors Farmers
& Merchants Savings Bank and the Internal Revenue Service sought
bankruptcy court approval of a settlement of the Bank's objection
to the IRS's untimely proofs of claim.  

Debtors Greg and Peggy Zumbach objected to the compromise.

On review, Chief Bankruptcy Judge Thad J. Collins finds that the
Debtors have standing to object.  Therefore, the Court cannot
approve the compromise.  Accordingly, the judge denied the Motion
to Approve Compromise.  

The judge rules that Farmers & Merchants Savings Bank's Motion for
Summary Judgment is set for a status conference on March 13, 2015
at 3:15 P.M. by telephone conference call.

A copy of the judge's March 9 order is available at
http://is.gd/QWP5UUfrom Leagle.com.

The Debtors are individuals who also own S&B Enterprises, a
business located in Independence, Iowa. The Debtors filed a
voluntary Chapter 13 petition on April 24, 2012. The case was
converted to Chapter 11 on November 16, 2012. The case was
eventually converted to Chapter 7 on April 3, 2013.  Farmers &
Merchants Savings Bank has the largest unsecured claim in the case.
The IRS asserted a large unsecured priority claim in two separate
proofs of claim.


GRIDWAY ENERGY: Completes $265K Sale of Ziphany Assets
------------------------------------------------------
Gridway Energy Holdings, Inc., et al., notified the U.S. Bankruptcy
Court of (i) closing of the sale of substantially all of the assets
of Ziphany, LLC; and (ii) payment of proceeds to the settlement
fund in accordance with the order approving the global settlement
agreement.

On Jan. 28, 2015, in accordance with the sale order and order
approving the global settlement, the seller paid the proceeds
received from the sale, in the amount of $265,000, to the
settlement fund.

As reported in the Troubled Company Reporter on Jan. 27, 2015,
the Court approved the APA dated Dec. 18, 2014, between Ziphany,
and JKMV AGQ LLC, buyer.

The Court overruled the objections to the motion.

The Debtors related that at the conclusion of the auction held Dec.
18, 2014, JKMV ACQ was selected as the prevailing bidder.  The
buyer offered to purchase substantially all of the assets of
Ziphany for $265,000.  Demand Response Partners, Inc., was selected
as the second highest bidder for its offer to purchase the assets
for $260,000.

A copy of the APA is available for free at:

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

Pursuant to the initial sale motion, the Debtors proposed to sell
substantially all of their assets to prepetition secured lender,
Vantage Commodities Financial Services I, LLC, as the stalking
horse bidder, pursuant to a credit bid up to the amount of the DIP
Financing, or to such other purchaser who submits a higher and
better offer.  Vantage extended a financing in the aggregate
principal amount of up to $122 million.

                       About Gridway Energy

Gridway Energy Holdings, Inc., and its affiliates, including
Glacial Energy Holdings -- providers of electricity and natural
gas in markets that have been restructured to permit retail
competition -- sought Chapter 11 bankruptcy protection (Bankr. D.
Del. Lead
Case No. 14-10833) on April 10, 2014.

The Debtors have 200,000 electric residential customers and 55,000
gash residential customers across the U.S.  A large portion of the
customers' energy consumption and revenue is generated in the
northeast U.S., Ohio, Illinois and Texas (collectively accounting
for 80% of revenue), with the remaining portion coming from
California and other states.

The Debtors blamed the bankruptcy due to lower revenue brought by
increased market competition, which caused the Debtors to default
on certain of their obligations.  Gridway defaulted on $60 million
of debt.

Prepetition, the Debtors negotiated a stock purchase transaction
with an interested buyer.  But in March 2014, the purchaser
withdrew from the transaction because of the large amount of debt
that the purchaser would become liable through a stock
transaction.

The Debtors are represented by Michael R. Nestor, Esq., Joseph M.
Barry, Esq., and Donald J. Bowman, Jr., Esq., at Young Conaway
Stargatt & Taylor, LLP; and Alan M. Noskow, Esq., and Mark A.
Salzberg, Esq., at Patton Boggs LLP.  They employed Omni
Management Group, LLC, as claims and notice agent.

Gridway Energy estimated assets of $500 million to $1 billion and
debt of more than $1 billion.

The Creditors' Committee is represented by Sharon Levine, Esq.,
and Philip J. Gross, Esq., at Lowenstein Sandler LLP; and Frederick
B.
Rosner, Esq., and Julia B. Klein, Esq., at The Rosner Law Group
LLC.

Vantage is represented in the case by Ingrid Bagby, Esq., David E.
Kronenberg, Esq., Kenneth Irvin, Esq., and Karen Dewis, Esq., at
Cadwalader, Wickersham & Taft LLP, and Jason M. Madron, Esq., at
Richards, Layton & Finger, P.A.



HALCON RESOURCES: Extends Maturity of $290MM Note to 2020
---------------------------------------------------------
Halcon Resources Corporation entered into an amendment to its 8%
senior convertible promissory note due 2017 in the principal amount
of approximately $290 million issued to HALRES LLC.  

According to a document filed with the Securities and Exchange
Commission, the HALRES Note Amendment extends the maturity date of
the Note by three years, from Feb. 8, 2017, to Feb. 8, 2020.  The
HALRES Note originally provided for prepayment without premium or
penalty at any time after Feb. 8, 2014, at which time it also
became convertible into shares of the Company's common stock at a
conversion price of $4.50 per share.  These dates have been
extended pursuant to the HALRES Note Amendment and the conversion
price has been adjusted, such that at any time after Feb. 8, 2017,
the Company may prepay the HALRES Note without premium or penalty,
and HALRES may elect to convert all or any portion of unpaid
principal and interest outstanding under the HALRES Note to shares
of the Company's common stock at a conversion price of $2.44 per
share, subject to adjustments for stock splits and other customary
anti-dilution provisions as set forth in the HALRES Note.

At the same time, the Company also entered into an amendment to the
warrants issued to HALRES evidencing the right to purchase up 36.7
million shares of the Company's common stock.  The Warrant
Amendment extends the term of the Warrants from Feb. 8, 2017, to
Feb. 8, 2020, and adjusts the exercise price of the Warrants to
$2.44 per share.

In connection with the Amendments, the Company and HALRES also
amended and restated the Registration Rights Agreement, dated
Feb. 8, 2012, as amended, which provides for certain demand and
piggyback registration rights for the shares of the Company's
common stock issuable upon conversion of the HALRES Note and
exercise of the Warrants.

The Amendments and the Amended Registration Rights Agreement were
negotiated with HALRES by a special committee of the Board of
Directors of the Company comprised entirely of independent,
disinterested directors and were approved by the special committee
after receiving independent legal and financial advice.  The
Amendments are subject to approval by the Company's shareholders in
accordance with the rules of the New York Stock Exchange. Receipt
of such shareholder approval on or before Dec. 31, 2015, is a
condition to the effectiveness of the Amendments and the Amended
Registration Rights Agreement.  Shareholders representing
approximately 44% of the Company's common stock have executed
voting agreements indicating their intent to vote in favor of the
Amendments.

                       About Halcon Resources

Halcon Resources Corporation acquires, produces, explores and
develops onshore liquids-rich assets in the United States.  This
independent energy company operates in the Bakken/Three Forks, El
Halcon and Tuscaloosa Marine Shale formations.

As of Sept. 30, 2014, Halcon Resources had $5.93 billion in total
assets, $3.59 billion in total liabilities, $110.7 million in
redeemable noncontrolling interest, and $1.51 billion in total
stockholders' equity.

                          *     *      *

As reported by the TCR on Jan. 27, 2015, Moody's Investors Service
downgraded Halcon's Corporate Family Rating to 'Caa1' from 'B3' and
the Probability of Default Rating to 'Caa1-PD' from 'B3-PD'.  The
downgrade reflects growing risk for Halcon's business profile
because of high financial leverage and limited liquidity as its
existing hedges roll-off and stop contributing to its borrowing
base over the next 12-18 months.

In the June 30, 2014, Standard & Poor's Ratings Services affirmed
all its ratings, including its 'B' corporate credit rating, on
Houston-based Halcon.


HEXION INC: Reports $148 Million Net Loss for 2014
--------------------------------------------------
Hexion Inc. filed with the Securities and Exchange Commission its
annual report on Form 10-K disclosing a net loss of $148 million on
$5.13 billion of net sales for the year ended Dec. 31, 2014,
compared to a net loss of $634 million on $4.89 billion of net
sales in 2013.

For the three months ended Dec. 31, 2014, the Company reported a
net loss of $66 million on $1.16 billion of net sales compared to a
net loss of $526 million on $1.19 billion of net sales for the same
period in 2013.

As of Dec. 31, 2014, Hexion had $2.67 billion in total assets,
$5.02 billion in total liabilities and a $2.35 billion total
deficit.

"Our fourth quarter results demonstrate the strength of our
specialty product portfolio highlighted by double digit growth in
our forest products and specialty epoxy businesses," said Craig O.
Morrison, Chairman, president and CEO.  "While our global base
epoxies business remains below historical levels of profitability,
recent trends have stabilized and we expect improvement as we look
ahead to 2015 together with continued growth in our specialty
portfolio.  In addition, we expect the recent fall in oil prices to
have a neutral impact on our overall financial results in 2015 as
potential revenue declines from our lower activity are offset with
declines in raw material costs across our portfolio."

"We are pleased to also report continued progress in our strategic
growth initiatives," Mr. Morrison added.  "During the fourth
quarter we completed construction of a new phenolic specialty
resins manufacturing facility in China and continued to advance the
construction of our three new formaldehyde facilities, which will
begin production in late 2015.  Together with the acquisition we
completed earlier this year, we believe these investments behind
our leading technologies and applications will strategically
position us for long-term growth and profitability."

"As discussed during our third quarter earnings conference call, we
are currently experiencing a supplier force majeure that impacts
our Versatic Acids and Derivatives business," Mr. Morrison said.
"In response to this temporary disruption we are leveraging our
global manufacturing network to help mitigate potential impacts on
our customers and are pursuing recoveries under our business
interruption insurance policies.  In addition, we have begun
executing a $30 million cost savings program, which will
structurally enhance our cost profile and substantially offset the
financial impact of the expected outage during 2015."

                    Liquidity and Capital Resources

At Dec. 31, 2014, Hexion had total debt of approximately $3.8
billion, unchanged from Dec. 31, 2013.  In addition, at Dec. 31,
2014, the Company had $487 million in liquidity comprised of $156
million of unrestricted cash and cash equivalents, $7 million of
short-term investments, $266 million of borrowings available under
the Company's asset-backed loan facility and $58 million of time
drafts and borrowings available under credit facilities at certain
international subsidiaries.  

Hexion expects to have adequate liquidity to fund its ongoing
operations for the next twelve months from cash on its balance
sheet, cash flows provided by operating activities and amounts
available for borrowings under its credit facilities.

A full-text copy of the Form 10-K is available for free at:

                       http://is.gd/czWnoN

                         About Hexion Inc.

Hexion Inc., formerly known as Momentive Specialty Chemicals, Inc.,
headquartered in Columbus, Ohio, is a leading producer of thermoset
resins (epoxy, formaldehyde and acrylic).  The company is also a
supplier of specialty resins for inks and specialty coatings sold
to a diverse customer base as well as a producer of commodities
such as formaldehyde, bisphenol A, epichlorohydrin, versatic acid
and related derivatives.

                           *     *     *

The TCR reported on Oct. 3, 2014, that Standard & Poor's Ratings
Services lowered its corporate credit rating on Momentive
Specialty by one notch to 'CCC+' from 'B-'.  "The downgrade follows
MSC's significant use of cash in the first half of 2014 and our
expectation that lackluster cash flow from operations and elevated
capital spending will cause free operating cash flow to be
significantly negative in 2014 and 2015," said Standard & Poor's
credit analyst Cynthia Werneth.

As reported by the TCR on Dec. 15, 2014, Moody's Investors Service
lowered the Corporate Family Rating of Momentive to 'Caa1' from
'B3'.  "Due to elevated leverage, heavy capital spending on new
capacity in 2014 and 2015, and the lack of meaningful improvement
in financial performance, Moody's have lowered Momentive
Specialty's rating," stated John Rogers, senior vice president at
Moody's.


HUTCHESON MEDICAL: May 1, 2015 General Claims Bar Date Set
----------------------------------------------------------
U.S. Bankruptcy Judge Paul W. Bonapfel established 5:00 p.m., on
May 1, 2015, as the last date for any individual or entity to file
proofs of claim, proofs of interest and requests for payment of
administrative expense claims.

Proofs of claim mus be submitted to the Debtors' claims agent at
these addresses:

If by overnight or hand delivery:

         BMC Group
         Attn: Hutcheson Medical Center, Inc. Claims Processing
         300 Continental Blvd., No. 570
         El Segundo, CA 90245

If by first class mail:

         BMC Group
         Attn: Hutcheson Medical Center, Inc. Claims Processing
         P.O. Box 90100
         Los Angeles, CA 90009

                  About Hutcheson Medical Center

Hutcheson Medical Center, Inc., operates the 179-bed hospital and
related ancillary facilities, including, without limitation, a
skilled nursing home and an ambulatory surgery center, located in
Ft. Oglethorpe, Georgia, known as Hutcheson Medical Center.  HMC
leases the land and buildings that comprise the Medical Center
from
The Hospital Authority of Walker, Dade and Catoosa Counties.

HMC and Hutcheson Medical Division, Inc., sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga. Case No. 14-42863 and
14-42864) in Rome, Georgia, on Nov. 20, 2014.  The cases are
jointly administered under Case No. 14-42863.

The cases have been assigned to the Honorable Paul W. Bonapfel.

The Debtors are represented by Ashley Reynolds Ray, Esq., and J.
Robert Williamson, Esq., at Scroggins and Williamson, in Atlanta,
Georgia.

The Debtors' Chapter 11 Plan and Disclosure Statement are due March
20, 2015.

HMC disclosed $32.8 million in assets and $52.9 million in
liabilities as of the Chapter 11 filing.

No request has been made for the appointment of a trustee or
examiner.


HUTCHESON MEDICAL: Wants Until Dec. 31 to Propose Chapter 11 Plan
-----------------------------------------------------------------
Hutcheson Medical Center, Inc., et al., ask the U.S. Bankruptcy
Court to extend their exclusive periods to file a chapter 11 plan
until Dec. 31, 2015, and solicit acceptances for that plan until
Feb. 29, 2016.  The Debtors explain that they needed more time to
evaluate all potential exit strategies and determine the best
course of action to propose in any chapter 11 plan(s).  Absent the
extension, the Debtors' exclusive periods to file a plan will
expire on March 20.

                  About Hutcheson Medical Center

Hutcheson Medical Center, Inc., operates the 179-bed hospital and
related ancillary facilities, including, without limitation, a
skilled nursing home and an ambulatory surgery center, located in
Ft. Oglethorpe, Georgia, known as Hutcheson Medical Center.  HMC
leases the land and buildings that comprise the Medical Center from
The Hospital Authority of Walker, Dade and Catoosa Counties.

HMC and Hutcheson Medical Division, Inc., sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga. Case No. 14-42863 and
14-42864) in Rome, Georgia, on Nov. 20, 2014.  The cases are
jointly administered under Case No. 14-42863.

The cases have been assigned to the Honorable Paul W. Bonapfel.

The Debtors are represented by Ashley Reynolds Ray, Esq., and J.
Robert Williamson, Esq., at Scroggins and Williamson, in Atlanta,
Georgia.

The Debtors' Chapter 11 Plan and Disclosure Statement are due March
20, 2015.

HMC disclosed $32.8 million in assets and $52.9 million in
liabilities as of the Chapter 11 filing.

No request has been made for the appointment of a trustee or
examiner.



HUTCHESON MEDICAL: Wants Until June 18 to Assume or Reject Leases
-----------------------------------------------------------------
Hutcheson Medical Center, Inc., et al., ask the U.S. Bankruptcy
Court to extend until June 18, 2015, their time to assume or reject
nonresidential real property leases.  The Debtors relate that the
extension could be longer as may be agreed upon by the Debtors and
the applicable lessor of several non-residential real property
leases.

The Debtors' attorneys can be reached at:

         Ashley R. Ray, Esq.
         J. Robert Williamson, Esq.
         SCROGGINS & WILLIAMSON, P.C.
         1500 Candler Building
         127 Peachtree Street, NE
         Atlanta, GA 30303
         Tel: (404) 893-3880
         E-mail: rwilliamson@swlawfirm.com
                 aray@swlawfirm.com

                  About Hutcheson Medical Center

Hutcheson Medical Center, Inc., operates the 179-bed hospital and
related ancillary facilities, including, without limitation, a
skilled nursing home and an ambulatory surgery center, located in
Ft. Oglethorpe, Georgia, known as Hutcheson Medical Center.  HMC
leases the land and buildings that comprise the Medical Center
from
The Hospital Authority of Walker, Dade and Catoosa Counties.

HMC and Hutcheson Medical Division, Inc., sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga. Case No. 14-42863 and
14-42864) in Rome, Georgia, on Nov. 20, 2014.  The cases are
jointly administered under Case No. 14-42863.

The cases have been assigned to the Honorable Paul W. Bonapfel.

The Debtors are represented by Ashley Reynolds Ray, Esq., and J.
Robert Williamson, Esq., at Scroggins and Williamson, in Atlanta,
Georgia.

The Debtors' Chapter 11 Plan and Disclosure Statement are due March
20, 2015.

HMC disclosed $32.8 million in assets and $52.9 million in
liabilities as of the Chapter 11 filing.

No request has been made for the appointment of a trustee or
examiner.



IBCS MINING: Okayed to Pay $30.3K Incentive to CFO Mike Dean
------------------------------------------------------------
The Bankruptcy Court authorized IBCS Mining, Inc., et al., to pay
their Chief Financial Officer Michael D. Dean $30,375 as incentive
compensation.

The Court ordered that no payment of the incentive compensation
will be made from the cash collateral of Branch Banking and Trust
Company without the consent of BB&T or upon further order of the
Court.

The matter was considered at a hearing held Jan. 28, 2015.

The Debtors, in their motion, stated that through the sale order,
the Debtors sold a substantial portion of the assets of IBCS
Mining, Inc., Kentucky Division in exchange for a purchase price of
$1.35 million.  Majority of the sale proceeds were used to pay off
the debtor-in-possession financing approved in the CTB Final DIP
Order.  The sale closed on Dec. 19, 2014.  The debtor-on-possession
financing approved in the CTB final DIP order has been paid in
full.  The Debtors are now operating using cash collateral.  In
this relation, the CFO is entitled to incentive compensation in the
amount of $30,375, per the Court approved employment agreement.

Branch Banking and Trust Company objected to the Debtors' motion,
stating that the CFO is not entitled to incentive compensation
under the terms of the Dean employment order.  BB&T said that,
alternatively, in the event the Court allows some or all of the
incentive compensation the amount must be paid after the
satisfaction of the BB&T claims.

BB&T is represented by:

         Peter M. Pearl, Esq.
         SPILMAN THOMAS & BATTLE, PLLC
         P.O. Box 90
         Roanoke, VA 24002
         Tel: (540) 512-1832
         Fax: (540) 342-4480
         E-mail: ppearl@spilmanlaw.com

The Debtors' attorneys can be reached at:

         Robert S. Westermann, Esq.
         Rachel A. Greenleaf, Esq.
         HIRSCHLER FLEISCHER, P.C.
         The Edgeworth Building
         2100 East Cary Street
         P.O. Box 500
         Richmond, VA 23218-0500
         Tel: (804) 771-9500
         Fax: (804) 644-0957
         E-mail: rwestermann@hf-law.com
                 rgreenleaf@hf-law.com

                        About IBCS Mining

IBCS Mining, Inc., and IBCS Mining, Inc., Kentucky Division, filed
Chapter 11 bankruptcy petitions (Bankr. W.D. Va. Case Nos. 14-61215
and 14-61216) on June 27, 2014.  The Court on July 8, 2014,
authorized the joint administration of the cases.  The cases are
assigned to Judge Kevin R. Huennekens.  

IBCS Mining estimated assets and debts of at least $10 million.
IBCS Mining Inc. disclosed $6.91 million in assets and $7.28
million in liabilities.  

Hirschler Fleischer, P.C., serves as the Debtors' counsel.  The
U.S. Trustee for Region 4 appointed two creditors to serves in an
official committee of unsecured creditors.



iBIO INC: Negative Cash Flow Raises Going Concern Doubt
-------------------------------------------------------
iBio, Inc., filed with the U.S. Securities and Exchange Commission
its quarterly report on Form 10-Q, disclosing a net loss of $1.65
million on $367,000 of revenues for the three months ended Dec. 31,
2014, compared to a net loss of $1.62 million on $nil of revenues
for the same period during the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $11.04 million
in total assets, $1.47 million in total liabilities and total
stockholders' equity of $9.57 million.

Since its spin-off from Integrated BioPharma, Inc. in August 2008,
the Company has incurred significant losses and negative cash flows
from operations.  As of Dec. 31, 2014, the Company's accumulated
deficit was $44.3 million, and it had cash used in operating
activities of $2.2 million for the six months ended Dec. 31, 2014.
The Company has historically financed its activities through the
sale of common stock and warrants.  Through December 31, 2014, the
Company has dedicated most of its financial resources to investing
in its iBioLaunch and iBioModulator platforms, its proprietary
candidates for treatment of fibrotic diseases, advancing its
intellectual property, and general and administrative activities.
Cash on hand as of Dec. 31, 2014 of $7.4 million is expected to
support the Company’s activities through Dec. 31, 2015. On Aug.
25, 2014, the Company entered into a stock purchase agreement with
Aspire Capital Fund, LLC, pursuant to which the Company can require
Aspire Capital to purchase up to $10 million of its common stock
upon and subject to the terms of the agreement over a two-year
period.  As of Feb. 23, 2015, the Company required Aspire Capital
to purchase $7.2 million of the Company's common stock.  The extent
to which the Company continues to utilize the purchase agreement
with Aspire Capital as a source of funding will depend on a number
of factors, including the prevailing market price of the Company's
common stock and the volume of trading in its common stock.

The history of significant losses, the negative cash flow from
operations, the limited cash resources currently on hand and the
dependence by the Company on its ability - about which there can be
no certainty - to obtain additional financing to fund its
operations after the current cash resources are exhausted raises
substantial doubt about the Company's ability to continue as a
going concern.

A copy of the Form 10-Q is available at:
                              
                       http://is.gd/JcUxI2
                          
Newark, Del.-based iBio, Inc., is a biotechnology company focused
on commercializing its proprietary platform technologies: the
iBioLaunch(TM) platform for vaccines and therapeutic proteins, and
the iBioModulator(TM) platform for vaccine enhancement.

The Company reported a net loss of $1.41 million on $819,000 of
revenues for the three months ended Sept. 30, 2014, compared with
net income of $379,000 on $nil of revenues for the same period in
2013.

The Company's balance sheet at Sept. 30, 2014, showed $6.66 million

in total assets, $1.22 million in total liabilities
and stockholders' equity of $5.44 million.


INFRAX SYSTEMS: Deficit, Losses Raise Going Concern Doubt
---------------------------------------------------------
Infrax Systems, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $540,200 on $14,100 of revenues for the three months ended Dec.
31, 2014, compared with a net loss of $561,000 on $26,000 of
revenues for the same period in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $1.12 million
in total assets, $3.71 million in total liabilities, and a
stockholders' deficit of $2.59 million.

As of Dec. 31, 2014, the Company has a working capital deficit and
has incurred a loss from operations and recurring losses since its
inception resulting in a significant accumulated deficit.  As of
Dec. 31, 2014, the Company had negative working capital of $2.9
million and $2,263 in cash with which to satisfy any future cash
requirements.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.  The Company's is
attaining revenues and management expects profitability in the
future; however operations have not yet attained a profit or
break-even.  Accordingly, the Company depends upon capital to be
derived from future financing activities such as loans from its
officers and directors, subsequent offerings of its common stock or
debt financing in order to operate and grow the business.

A copy of the Form 10-Q is available at http://is.gd/lB0fuv
                          
St. Petersburg, Fla.-based Infrax Systems, Inc., engages in the
design, development, systems integration, and manufacture of
turnkey secure solutions for the utility industry.

The Company reported a net loss of $501,000 on $16,000 of total
revenue
for the quarter ended Sept. 30, 2014, compared with a net loss of
$559,000
on $65,200 of total revenue for the same period in 2013.



INVERSIONES ALSACIA: Asks for Final Decree Closing Cases
--------------------------------------------------------
Inversiones Alsacia S.A., et al., filed a motion asking the U.S.
Bankruptcy Court for the Southern District of New York to enter a
final decree closing their Chapter 11 cases.

Lisa M. Schweitzer, Esq., at Cleary Gottlieb Steen & Hamilton LLP,
avers that the Chapter 11 Cases of the Debtors have been "fully
administered" within the meaning of Section 350 of the Bankruptcy
Code, making it appropriate for the Court to enter a final decree
closing the Chapter 11 Cases

On Dec. 4, 2014, the Bankruptcy Court entered an order confirming
the Plan and approving the Disclosure Statement.  The core feature
of the Plan is the pro rata issuance of the New Notes to Qualified
Holders and the payment of the Non-Qualified Holder Distribution in
cash to Non-Qualified Holders.

On Dec. 17, 2014, the Effective Date occurred and the New Notes
were issued to all Qualified Holders that tendered their Senior
Secured Notes in accordance with the Plan prior to Dec. 11, 2014
(the "First Tender Deadline").  Such Qualified Holders constitute
more than 95% of the holders of the Senior Secured Notes.

Prior to the First Tender Deadline, a single Non-Qualified Holder
tendered its Senior Secured Notes in the principal amount of
$30,000 and has received a Non-Qualified Holder Distribution in
cash authorized by the Plan, pursuant to the Court's Order
Clarifying Plan Provisions (the "Clarifying Order").

As of Feb. 2, 2015, the second tender deadline under the Plan,
holders, each of whom certified that they were Qualified Holders,
had tendered additional Senior Secured Notes in the principal
amount of $4,139,000. The First Follow-on Distribution Date under
the Plan for distribution of New Notes to these holders is Feb. 17,
2015.  In total, an aggregate of more than 96% of the holders of
the Senior Secured Notes have completed the tender process.  One
additional tender deadline remains under the Plan.

Accounting for the distributions of New Notes and Non-Qualified
Holder Distributions that have been and will be made, consistent
with the terms of the Plan, the Debtors have made all distributions
on account of the Senior Secured Notes required by the Plan other
than distributions to holders of Senior Secured Notes Claims that
have not yet tendered.  The Debtors also have paid all
Administrative Claims and General Unsecured Claims as required
pursuant to the Plan, other than Professional Claims which have not
yet been approved by the Court.

                         Fee Applications

The Debtors' retained professionals, Cleary Gottlieb Steen &
Hamilton LLP, FTI Consulting Canada ULC and Prime Clerk LLC, have
filed first and final fee applications.  A hearing on the First and
Final Fee Applications was scheduled for March 11, 2015.

The fee applications seek compensation and reimbursement of
expenses in the following amounts:

                             Requested      Requested
     Applicant               Compensation    Expenses
     ---------               ------------    --------
     Cleary Gottlieb            $741,781      $21,830
     FTI Consulting Canada    $1,551,613      $25,259
     Prime Clerk                 $15,414           $0

                            Prime Clerk

In connection with the closing of the Chapter 11 cases, the Debtors
also request that such final decree and order contain appropriate
provisions authorizing the termination of the employment and
services of Prime Clerk, the court-appointed claims and noticing
agent.  Notwithstanding the termination of Prime Clerk's claims and
noticing services in the Debtors' Chapter 11 Cases, it is
anticipated that Prime Clerk will continue to assist the Debtors in
effectuating their distribution obligations to any remaining
holders of Senior Secured Notes pursuant to Article VI of the
Plan.

                           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.




JOHN REYNOLDS: Judge Awards $22,740 in Attorneys' Fees
------------------------------------------------------
Bankruptcy Judge Peter H. Carroll ordered the creditors of John
Sperry Reynolds to pay Mr. Reynolds' attorney fees of $22,740,
which he incurred in defending against the involuntary Chapter 11
petition the creditors filed.

Mr. Reynolds sought an award of reasonable attorneys' fees of
$36,308 for 92.75 hours of legal services rendered by Cohn Stewart
between April 17, 2014 and October 8, 2014, to defend the
involuntary chapter 11 petition filed by the Petitioning Creditors
against him.

In his March 9 Memorandum Decision, a copy of which is available at
http://is.gd/j1vsNyfrom Leagle.com, Judge Carroll related that the
bankruptcy court has reviewed each of the lumped time entries,
which constitute 32% of the fees requested by Cohn Stewart. Given
the lack of contemporaneous time records, the billing in 1/4th hour
increments, and the high percentage of lumped services for which
compensation is sought, the court held it will impose as a penalty
a 20% reduction of the fees requested.

As reported in the Oct. 28, 2014 edition of The Troubled Company
Reporter, Creditors Summerland Market, Inc. and Elian Hanna filed
an involuntary Chapter 11 bankruptcy case (Bankr. C.D. Cal.
14-10690) against John Sperry Reynolds on April 7, 2014.  That case
was dismissed on September 22, 2014.  Previously, a Memorandum
Decision dated Oct. 20, 2014 was entered in the case on John Sperry
Reynolds' motion for actual and punitive damages, reasonable
attorneys' fees, and costs against the Petitioning Creditors.


KANGADIS FOOD: Chief Judge Carla Craig Selected as Mediator
-----------------------------------------------------------
The Hon. Chief Judge Carla Craig is selected as mediator to conduct
a mediation of the disputed issues in the Chapter 11 case of
Kangadis Food Inc.

Judge Craig will mediate (i) pending contested matter in the
Debtor's case; and (ii) the objection to the proof of claim filed
by the Ben Gregory Triestman plaintiffs in the Debtor's case.

Bankruptcy Judge Robert E. Grossman ordered that:

   1. the Parties will work together to set a schedule for the
mediation, provided however, that the mediation will occur no later
than March 16, 2015;

   2. the Parties will attend the mediation and will have complete
authority and discretion to settle all disputed amounts and
issues.

                       About Kangadis Food

Formed in 2003, Kangadis Food Inc. is an importer of olives and
other European delicacies, and a leading distributor of olive oil.
The Debtor sells its products under the brand names "Capatriti,"
"Porto," "Olio Villa," "Zorba," and "Kivotos".  The company is 100%
owned by the Kangadis family.  The company says that for the past
six years, the popularity of its olive oil product sold under the
brand name "Capatriti" has grown over time, and it is one of the
leading brands in the New York metropolitan area.

As of its bankruptcy filing, Kangadis Food employs 51 people, and
operates from a 75,000 square foot facility located in Hauppauge,
New York, that serves as a warehouse, production facility, and
shipping center.

Kangadis Food filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 8-14-72649) in the Central Islip division, in New
York, on June 6, 2014.  Themistoklis Kangadis signed the petition
as chief executive officer.

As of the Dec. 31, 2013, the Debtor, on an unaudited basis, had
total assets of $12,259,802 and total liabilities of $6,136,456,
which amount does not include any disputed claim relating to the
class action.

Judge Robert E. Grossman presides over the case. Silverman Acampora
LLP, in Jericho, New York, serves as the Debtor's counsel.



KANGADIS FOOD: Wants Final Decree Closing Reorganization Case
-------------------------------------------------------------
Kangadis Food Inc., doing business as The Gourmet Factory, asks the
Bankruptcy Court for a final decree and order closing its Chapter
11 case.

The Debtor relates that on Dec. 11, 2014, the Court confirmed KFI's
First Amended Plan of Reorganization.

On Jan. 23, 2015, the Effective Date of its First Amended Plan
occurred.  KFI has substantially consummated the Plan by making
most of the payments to creditors and holders of administrative
expense claims as required under the Plan.  The case is fully
administered and there is no reason for the case to remain open.
The only remaining obligation under the Plan is to make certain
future payments.

All contested matters, motions, applications, and adversary
proceedings in the case have been resolved.

                       About Kangadis Food

Formed in 2003, Kangadis Food Inc. is an importer of olives and
other European delicacies, and a leading distributor of olive oil.
The Debtor sells its products under the brand names "Capatriti,"
"Porto," "Olio Villa," "Zorba," and "Kivotos".  The company is 100%
owned by the Kangadis family.  The company says that for the past
six years, the popularity of its olive oil product sold under the
brand name "Capatriti" has grown over time, and it is one of the
leading brands in the New York metropolitan area.

As of its bankruptcy filing, Kangadis Food employs 51 people, and
operates from a 75,000 square foot facility located in Hauppauge,
New York, that serves as a warehouse, production facility, and
shipping center.

Kangadis Food Inc. filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 8-14-72649) in the Central Islip division, in New
York, on June 6, 2014.  Themistoklis Kangadis signed the petition
as chief executive officer.

As of the Dec. 31, 2013, the Debtor, on an unaudited basis, had
total assets of $12,259,802 and total liabilities of $6,136,456,
which amount does not include any disputed claim relating to the
class action.

Judge Robert E. Grossman presides over the case. Silverman Acampora
LLP, in Jericho, New York, serves as the Debtor's counsel.


LONGVIEW POWER: Wants to Expand Scope of Lazard Work
----------------------------------------------------
The Bankruptcy Court will convene a hearing on March 18, 2015, at
10:30 a.m., to consider Longview Power, LLC, et al.'s supplemental
application for authorization to expand the scope of employment and
retention of Lazard Freres & Co. LLC provided by the order
authorizing the employment of Lazard as investment banker.

On Sept. 6, 2013, the Court authorized the Debtors to employ Lazard
Freres.  Pursuant to the retention order and the engagement letter,
Lazard is expected to, among other things: (a) advise the Debtors
with respect to the timing, nature, and terms of new securities,
consideration, or other instruments to be issued or offered in
connection with a plan of reorganization; (b) prepare financial
documentation in connection with a restructuring transaction; (c)
assist the Debtors with valuation analyses in connection with the
disclosure statement for a plan of reorganization; and (d) assist
the Debtors with acquiring postpetition debtor-in-possession
financing with respect to these chapter 11 cases.

The Debtors recently obtained Court approval with respect to a
number of settlements that resolve litigation and arbitration among
the Debtors, certain contractors for the Longview facility, and
First American.  These settlements also removed the overhang of the
mechanics' liens asserted against the Longview facility. The
Debtors consummated the transactions contemplated by the settlement
agreements on Feb. 12, 2015.

As a result, the Debtors may move forward to confirm their Plan and
complete their restructuring on a consensual basis.  In this
relation, the additional services that Lazard Freres will  assist
and advise the Debtors in, among other things, evaluating any
potential private issuance, sale, or placement of newly-issued
securities, including any exit financing; provided, that, for the
avoidance of doubt, the foregoing shall not include a conversion or
increase in the amount of the Debtors' outstanding DIP facility,
but shall include a refinancing of the DIP facility.

The Debtors intend that Lazard's services will complement, and not
duplicate, the services to be rendered by any other professional
retained by the Debtors.

                       About Longview Power

Longview Power LLC is a special purpose entity created to
construct, own, and operate a 695 MW supercritical pulverized
coal-fired power plant located in Maidsville, West Virginia, just
south of the Pennsylvania border and approximately 70 miles south
of Pittsburgh.  The project is owned 92% by First Reserve
Corporation (First Reserve or sponsor), a private equity firm
specializing in energy industry investments, through its affiliate
GenPower Holdings (Delaware), L.P., and 8% by minority interests.

Longview Power, LLC, sought Chapter 11 protection (Bank. D. Del.
Lead Case 13-12211) on Aug. 30, 2013.  The petitions were signed by
Jeffery L. Keffer, the Company's chief executive officer,
president, treasurer and secretary.  The Debtor estimated assets
and debts of more than $1 billion.  Judge Brendan Linehan Shannon
presides over the case.  Kirkland & Ellis LLP and Richards, Layton
& Finger, P.A., serve as the Debtors' counsel.  Lazard Freres &
Company LLC acts as the Debtors' investment bankers.  Alvarez &
Marsal North America, LLC, is the Debtors' restructuring advisors.
Ernst & Young serves as the Debtors' accountants.  The Debtors'
claims agent is Donlin, Recano & Co. Inc.

The Debtor disclosed assets of $1.72 billion plus undisclosed
amounts and liabilities of $1.08 billion plus undisclosed amounts.

A committee of unsecured creditors has not been appointed in the
case due to insufficient response to the U.S. Trustee's
communication/contact for service on the committee.



MEDICAL ALARM: Amends Dec. 31, 2014 Quarterly Report
----------------------------------------------------
Medical Alarm Concepts Holdings, Inc., filed with the U.S.
Securities and Exchange Commission an amendment to its quarterly
report on Form 10-Q for the quarter ended Dec. 31, 2014.  A copy of
the Form 10-Q/A is available at http://is.gd/iIsLqG

The Company disclosed a net loss of $114,000 on $241,000 of revenue
for the three months ended Dec. 31, 2014, compared with a net loss
of $75,000 on $257,000 of revenue for the same period in the prior
year.

The Company's balance sheet at Dec. 31, 2014, showed $1.27 million
in total assets, $3.14 million in total liabilities, and a
stockholders' deficit of $2.14 million.

The Company has working capital deficit of $702,900; did not
generate significant cash from its operations; and had operating
loss for prior three years.  These circumstances, among others,
raise substantial doubt about the Company's ability to continue as
a going concern, according to the regulatory filing.

                       About Medical Alarm

King of Prussia, Pa.-based Medical Alarm Concepts Holding, Inc.,
utilizes new technology in the medical alarm industry to provide
24-hour personal response monitoring services and related products
to subscribers with medical or age-related conditions.

Medical Alarm reported net income of $225,000 on $1.15 million of
revenue for the year ended June 30, 2014, compared to net income
of $3.18 million on $573,000 million of revenue during the prior
year.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2014.  The independent auditors noted
that the Company had working capital deficit of $636,000, a
stockholders' deficit of $2.036 million, did not generate cash
from its operations, and had operating loss for past two years.  
These circumstances, among others, raise substantial doubt about
the Company's ability to continue as a going concern, according
to the auditors.


MICROCHIP TECHNOLOGY: S&P Assigns 'BB+' CCR; Outlook Stable
-----------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its unsolicited
'BB+' corporate credit rating to Chandler, Ariz.-based Microchip
Technology Inc.  The rating outlook is stable.

At the same time, S&P assigned its unsolicited 'BBB-' issue-level
rating and unsolicited '2' recovery rating to the company's $2.5
billion senior credit facility.  The '2' recovery rating indicates
S&P's expectation for substantial recovery (70% to 90%; upper half
of the range) for lenders in the event of a payment default.

Additionally, S&P assigned its unsolicited 'BB-' issue-level rating
and unsolicited'6' recovery rating to the company's 1.625% senior
subordinated convertible notes due 2025 and 2.125% junior
subordinated convertible notes due 2037.  The '6' recovery rating
indicates S&P's expectation for negligible recovery (0% to 10%) for
noteholders in the event of payment default.

"The ratings reflect Microchip's modest overall market position
within the highly fragmented microcontrollers and analog markets,
and the significant competition it faces against larger
semiconductor firms with greater financial resources," said
Standard & Poor's credit analyst David Tsui.

The stable outlook on Microchip reflects S&P's view that the
company will continue to experience revenue growth over the next 12
months while maintaining EBITDA margins in the mid- to high-30%
area, benefitting from mid-single-digit percentage revenue growth
in embedded processing and analog markets during the period.

S&P would consider a lower rating if the company pursues
debt-financed acquisitions or engages in shareholder-friendly
activities, resulting in leverage that exceeds 3x on a sustained
basis.

Although unlikely over the near term, given the company's
acquisitive growth strategy, S&P could raise the rating if the
company reduces and sustains its debt leverage ratio below the 1.5x
level, while clarifying that doing so would still enable the
company to pursue its business and growth strategies.



MICROVISION INC: Incurs $3.34 Million Net Loss in Fourth Quarter
----------------------------------------------------------------
MicroVision, Inc., reported a net loss of $3.34 million on $687,000
of total revenue for the three months ended Dec. 31, 2014, compared
to a net loss of $2.42 million on $1.21 million of total revenue
for the same period in 2013.

For the 12 months ended Dec. 31, 2014, the Company reported a net
loss of $18.1 million on $3.48 million of total revenue compared to
a net loss of $13.2 million on $5.85 million of total revenue in
2013.

As of Dec. 31, 2014, MicroVision had $11.9 million in total assets,
$5.07 million in total liabilities and $6.87 million in total
shareholders' equity.

As of Dec. 31, 2014, backlog was $5.1 million and cash and cash
equivalents were $8.3 million.  This cash balance is exclusive of
the license fee MicroVision is expecting later this month from its
recently announced license agreement.

"2015 is expected to be a transformational year for MicroVision. We
expect to achieve significant year-over-year growth by focusing
attention on making our customers successful whether providing high
quality components or assisting them with their go-to-market
efforts," said Alexander Tokman, president and CEO of MicroVision.


A full-text copy of the press release is available at:

                        http://is.gd/eA5KhO

                        About Microvision Inc.

Headquartered in Redmond, Washington, MicroVision, Inc. (NASDAQ:
MVIS) is the creator of PicoP(R) display technology, an ultra-
miniature laser projection solution for mobile consumer
electronics, automotive head-up displays and other applications.

Moss Adams LLP, in Seattle, Washington, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has suffered recurring losses from operations and has
a net capital deficiency that raise substantial doubt about its
ability to continue as a going concern.


MIDSTATES PETROLEUM: Appoints Two Directors to Board
----------------------------------------------------
Midstates Petroleum Company, Inc., announced that, effective as of
March 9, 2015, Frederic (Jake) F. Brace and Alan J. Carr were
elected as members of the Board of Directors of the Company.  Mr.
Brace will also serve as an employee of the Company.

Dr. Peter J. Hill had resigned from the Board effective March 9,
2015, and will resign from his current position as interim
president and chief executive officer immediately following the
filing of the Company's annual report on Form 10-K.  The Company
intends to appoint Mr. Brace as interim president and chief
executive officer upon the effectiveness of Dr. Hill's resignation.
Dr. Hill will remain with the Company in a consulting role
following Mr. Brace's appointment.  

The Board has retained Korn Ferry, a leading global executive
search firm, to assist the Company with the recruitment of a
permanent chief executive officer.

Board members Mary P. Ricciardello, Loren M. Leiker and Robert M.
Tichio have indicated that they intend to resign prior to the end
of the month.  In conjunction and concurrently with these Board
resignations, the Board also intends to elect Bruce Stover and
Robert Ogle to the Board.

Thomas Knudson, Chairman and Lead Director of the Board, commented,
"On behalf of the Board, I would like to thank Dr. Hill and the
other directors who are anticipated to be stepping down, for the
dedication, commitment and contribution each has made to the
Company.  Dr. Hill has served the Company well, and I would like to
commend him on his service.  I would also like to extend a warm
welcome to Messrs. Brace and Carr, and the others soon joining the
Board, whose valuable experience will help the Company address its
current challenges and lead to sustained and long-term success.
The Board looks forward to a smooth transition in connection with
these planned management changes and maintains its commitment to
the long-term future of the Company."

Mr. Brace, age 57, has over 20 years of experience in business
management and board representations.  He is currently Chairman and
Chief Executive Officer of Beaucastel LLC and Sangfroid Advisors
Ltd.  Previously, Mr. Brace worked for Niko Resources, Ltd., an oil
and gas company, from August 2013 to December 2014 serving first as
Senior Advisor and then as President of the company.  From 1988 to
2008, Mr. Brace worked at the UAL Corporation (now United
Continental Holdings, Inc.), the parent company of United Airlines,
Inc. and Continental Airlines, Inc., where he served as executive
vice president and chief financial officer of UAL Corporation and
United Airlines, Inc. from 2002 to 2008.  Mr. Brace is a member of
the board of directors of Anixter International and Standard
Register.  He has also served on the board of numerous public and
private companies.  He received his BS in Industrial Engineering
from the University of Michigan in 1980 and his MBA with a
specialization in finance from the University of Chicago Graduate
School of Business in 1982.

Alan Carr, age 45, is an investment professional with 20 years of
experience working from the principal and advisor side on complex,
process-intensive financial situations.  Mr. Carr is the founder of
Drivetrain Advisors, a fiduciary services firm that supports the
investment community in legally- and process-intensive investments
as a representative, director, or trustee.  Prior to founding
Drivetrain Advisors in 2013, Mr. Carr was a Managing Director at
Strategic Value Partners, LLC, where he led financial
restructurings for companies in North America and Europe, working
in both the US and Europe over 9 years.  Prior to joining Strategic
Value Partners, Mr. Carr was a corporate attorney at Skadden, Arps,
Slate, Meagher & Flom.  Mr. Carr currently serves on the board of
directors of Tanker Investments Ltd. and Brookfield DTLA Fund
Office Trust Investor Inc.  Mr. Carr currently does and has
previously served on boards of a variety of companies in North
America, Europe and Asia.  He received his B.A. in Economics and
Sociology from Brandeis University in 1992 and his J.D. from Tulane
Law School in 1995.

Bruce Stover, age 66, has over 40 years of experience in the oil
and gas industry and has an extensive background in mergers and
acquisitions as well as global operations and business development.
Mr. Stover has served on the board of directors of the Bristow
Group, Inc. since 2009 and as Chairman of the Compensation
Committee of such board since 2012.  Prior to joining the board of
Bristow Group, Inc., he was a founding member of the management
team of Endeavor International Corporation, where he served as
Executive Vice President, Operations and Business Development, from
2003 to 2010. Before serving at Endeavor International Corporation,
Mr. Stover was senior vice president, Worldwide Business
Development for Anadarko Petroleum Corporation responsible for
evaluating and securing domestic and international business
opportunities.  While there, Mr. Stover also served as President
and General Manager of Anadarko Petroleum Corporation's Algerian
subsidiary.  He began his career as an engineer with Amoco
Production Company.

Robert Ogle, age 65, has been a certified public accountant for
over 35 years with experience in the upstream and downstream oil
and gas industries, retail, airline and service industries,
representing debtors, creditors, investors and governmental
agencies.  Mr. Ogle is currently a Senior Advisor with The Claro
Group.  Prior to joining The Claro Group, he was a founder and
Chief Financial Officer for Ute Energy LLC from 2005 to 2009.
Before serving there, Mr. Ogle was the Director of Corporate
Recovery Services at Huron Consulting and prior to joining Huron
Consulting was a Corporate Recovery Services Partner at Arthur
Andersen, where he started their corporate recovery services
practice in Houston.  While at Arthur Andersen, Mr. Ogle provided
services to Link Energy, Continental Airlines, Delta Airlines,
United Airlines, Edge Petroleum Corporation, Orion Refinery,
Entergy and many others.  Mr. Ogle co-founded the Houston Chapter
of the Turnaround Management Association.

                 About Midstates Petroleum Company

Midstates Petroleum Company, Inc. is an independent exploration and
production company focused on the application of modern drilling
and completion techniques in oil and liquids-rich basins in the
onshore U.S. Midstates' drilling and completion efforts are
currently focused in the Mississippian Lime oil play in Oklahoma
and Anadarko Basin in Texas and Oklahoma.  The Company's operations
also include the upper Gulf Coast tertiary trend in central
Louisiana.  Additional information about the Company is available
at www.midstatespetroleum.com.

As of Sept. 30, 2014, the Company had $2.27 billion in total
assets, $1.94 billion in total liabilities and $334 million in
total stockholders' equity.

Midstates Petroleum had a net loss of $343.98 million in 2013
following a net loss of $150.09 million in 2012.

                             *    *    *

Midstates Petroleum carries a 'B' corporate credit rating from
Standard & Poor's Ratings Services.

As reported by the TCR on April 8, 2013, Moody's Investors Service
affirmed Midstates Petroleum's 'B3' Corporate Family Rating.


NET ELEMENT: Files Amendment to Sept. 30 Quarter Report
-------------------------------------------------------
Net Element, Inc., filed with the U.S. Securities and Exchange
Commission an amendment to its quarterly report on Form 10-Q for
the quarter ended Sept. 30, 2014.  A copy of the Form 10-Q/A is
available at http://is.gd/t6c2Kd

Net Element disclosed a net loss of $4.96 million on $6.03 million
of net revenues for the three months ended Sept. 30, 2014, compared
with a net loss of $3.87 million on $6.52 million of net revenues
for the same period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed $15.8 million
in total assets, $8.81 million in total liabilities, and
stockholders' equity of $6.97 million.

The Company had a net loss of $7.2 million for the nine months
ended Sept. 30, 2014, an accumulated deficit of $126 million, and
working capital of approximately $0.8 million at Sept. 30, 2014.

The independent auditors' report on the Company's consolidated
financial statements for the year ended Dec. 31, 2013 contained an
explanatory paragraph expressing substantial doubt as to the
Company's ability to continue as a going concern.
                         
                        About Net Element

Miami, Fla.-based Net Element International, Inc., formerly Net
Element, Inc., currently operates several online media Web sites
in the film, auto racing and emerging music talent markets.

Net Element reported a net loss of $48.3 million in 2013, as
compared with a net loss of $16.4 million in 2012.  

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has suffered recurring losses from operations and has
used substantial amounts of cash to fund its operating activities
that raise substantial doubt about its ability to continue as a
going concern.


NICHOLS CREEK: Hawkins Balks at Whitney Bank's Bid for Dismissal
----------------------------------------------------------------
Hawkins Avenue Corp., a secured creditor in the Chapter 11
proceedings of Nichols Creek Development, LLC, asks the U.S.
Bankruptcy Court for the Middle District of Florida to deny Whitney
Bank's motion to dismiss the bankruptcy case or lift the automatic
stay.  

Hawkins, which filed a secured proof of claim of $4,642,299 and
asserts a third position lien on the Debtor's property, points out
that Whitney Bank is the only creditor that supports dismissal.

According to Hawkins Avenue, four things are clear at this point in
the proceedings: (1) Whitney Bank's first lien position is
protected by a substantial equity cushion; (2) there are numerous
objections and disputes over the amounts owed to Whitney Bank; (3)
it is not in the best interests of the creditors and the estate to
dismiss the case because there is equity over and above Whitney
Bank's first lien; and (4) the only party to benefit from dismissal
or stay relief is Whitney Bank.

Hawkins Avenue avers that clearly, the interests of the creditors
of the estate are better served by allowing the sale of the
Property to close and the proceeds of the sale to be held in trust,
so that the Court may later determine the priorities and amounts
due the respective parties.

Hawkins Avenue notes that each of the junior lien holders have
filed responses opposing the relief requested by Whitney Bank.
Hawkins believes that equity dictates that junior lien holders be
afforded an opportunity in this forum. According to Hawkins, equity
and the totality of the circumstances require that the Debtor be
permitted to propose a plan of reorganization (or orderly
liquidation, as the case may be) and that the Debtor be permitted
time to close a sale to the present buyer, or a future buyer.

Hawkins Avenue is represented by:

         JOHNSON LAW FIRM, P.A.
         Eugene H. Johnson, Esq.
         Florida Bar No. 0032105
         100 N. Laura Street, Ste. 701
         Jacksonville, FL 32202
         Tel No: (904)-652-2400
         Fax No: (904)-652-2401
         E-mail: ehj@johnsonlawpa.com

                  Debtor Also Opposes Dismissal

As reported in the Troubled Company Reporter on Feb. 24, 2015, the
Debtor asked the Court to deny Whitney Bank's motion to dismiss the
Debtor's Chapter 11 case or, in the alternative, for relief from
the automatic stay with respect to the Debtor's property located at
9595 New Berlin Court, Jacksonville.

The Debtor related that Whitney Bank, formerly known as Hancock
Bank, cannot establish bad faith and is not entitled to relief
under Section 362 or Section 1112 of the Bankruptcy Code.
Additionally, the Debtor said that there is a substantial equity
cushion in the property for Whitney and the property is not
declining in value.  In fact, it agreed, subject to Court approval,
to sell the property for $14,900,000.

On Jan. 9, 2015, Hancock Bank, now Whitney Bank, filed proof of
claim in the amount of $8,753,776 regarding a loan secured by a
separate real estate parcel owned by another company.  On Feb. 4,
Hancock Bank amended the proof of claim to change the amount of the
claim to $8,680,438, TCR noted.

The Debtor avers that the amended proof of claim is misleading on
its face and should be a claim amount of $0.

                       Hearing Scheduled

A hearing on the Dismissal Motion is scheduled for May 22, 2015 at
10:00 a.m.

                      About Nichols Creek

Nichols Creek Development, LLC, sought Chapter 11 bankruptcy for
protection (Bankr. M.D. Fla. Case No. 14-04699) on Sept. 26, 2014,
in Jacksonville, Florida.  R.L. Mitchell signed the petition as
member manager.  

The Debtor owns 270+ acre parcel of river front real property
commonly known as 9595 New Berlin Road Court, Jacksonville,
Florida.  In its schedules, the Debtor said the property is valued
at $21.8 million and pledged as collateral to secured creditors
owed a total of $11.6 million.

The Debtor is under contract to sell the Property to a third party
for the gross sales price of $14.9 million.  The buyer has
deposited $75,000.00 in escrow and the sale is scheduled to close
March 23, 2015.

The Law Offices of Jason A. Burgess, LLC, serves as the Debtor's
counsel.



NNN SIENA OFFICE: Wins Dismissal of Chapter 11 Cases
----------------------------------------------------
NNN Siena Office Park I 41 LLC and its debtor affiliates obtained a
Bankruptcy Court order dismissing their joint administered Chapter
11 proceedings.

Hon. M. Elaine Hammond of the U.S. Bankruptcy Court for the
Northern District of California dismissed the the Debtors' cases on
Feb. 17 after no objections were filed to the Debtors' motion.

As reported in the Jan. 27, 2015 edition of the Troubled Company
Reporter, the Debtors explained that their cases no long serves the
purpose of the Bankruptcy Code in that continuation will only
result in loss or diminution of the estates and there is no
reasonable likelihood of rehabilitation within a reasonable amount
of time.

The Debtors told the Court they are unable to file a confirmable
plan within the time fixed.  The Debtors said they have
investigated obtaining third party financing.  The Debtors disclose
that their present intended third party lender, whose commitment is
dependent upon confirmation of a bankruptcy plan, would not commit
to the funding required with a plan debt including a total claim to
the lender in excess of $34,000,000, and their principals do not
have other assets that they will commit to provide the infusion of
new value necessary to confirm a plan for that amount of debt.

                 About NNN Siena Office Park I 41

NNN Siena Office Park I 41, LLC, together with 30 other
affiliates,
filed a Chapter 11 bankruptcy petition (Bankr. N.D. Cal. Case No.
14-40668) on Feb. 19, 2014.  The Debtors are 28 of 31 tenants in
common investors, each owning fractional, passive investment
interests in the bare legal title to a medical office building
located at 2850 West Horizon Ridge Parkway and 861 Coronado Center
Drive, Henderson, Nevada.  The Debtor disclosed unknown assets and
$28.8 million in liabilities as of the Chapter 11 filing.

Judge M. Elaine Hammond oversees the Debtor's Chapter 11 case.
The
petition was signed by Mubeen Aliniazee, manager and responsible
individual.

The Court entered orders excusing the receiver from turnover of the
property until Dec. 9, 2014.



OMEGA HEALTHCARE: S&P Affirms 'BB+' Corporate Credit Rating
-----------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BBB-' issue-level
rating to Omega Healthcare Investors Inc.'s $400 million senior
unsecured notes due 2027.  The recovery rating on this debt is '2',
indicating S&P's expectations for substantial recovery (lower end
of the 70%-90% range) in the event of default.

S&P's 'BB+' corporate credit rating and stable outlook are
unchanged.  Omega intends to use the proceeds from this debt
issuance for general corporate purposes, which may include
repayment of Aviv REIT Inc.'s debt in connection with the
previously announced merger with Aviv, repayment of future
maturities on Omega's outstanding debt, or future acquisitions. The
indenture governing the notes contains covenants typical of U.S.
equity REITs including a limitation on total debt (less than 60% of
total assets) and secured debt (less than 40% of total assets) as
well as a minimum debt service coverage requirement (greater than
1.5x) and maintenance of total unencumbered assets (greater than
1.5x of total unsecured debt).

The corporate credit rating continues to reflect a combination of
what S&P considers to be the company's "fair" business risk profile
and "intermediate" financial risk profile.  The stable outlook
reflects S&P's expectation that Omega will smoothly integrate the
Aviv merger, and that tenant-level rent coverage will be relatively
flat over the next year.  S&P projects the merger will have a
relatively neutral impact on Omega's key credit metrics, which
remain toward the stronger end of "intermediate". S&P believes debt
to EBITDA will rise to the low-6x range in 2015 before declining to
the low-5x range in 2016, and expect fixed-charge coverage (FCC)
will rise to the mid- to high-3x range in both 2015 and 2016.
Although S&P believes the merger with Aviv slightly improves
Omega's geographic and tenant diversity, the reimbursement risk
inherent to the skilled nursing business and current pressures
facing some of Omega's larger tenants limit the likelihood of an
upgrade in the near term.  Alternatively, S&P would consider a
downgrade if the merger presents unforeseen challenges that result
in weaker-than-expected operating performance, if tenant stress
causes rent coverage levels to drop meaningfully, or if the company
pursues large, leveraged acquisitions that result in a decline in
FCC to below 2.5x.

RATINGS LIST

Omega Healthcare Investors Inc.
Corporate Credit Rating             BB+/Stable/--

New Rating
Omega Healthcare Investors Inc.
$400M snr unscrd notes due 2027     BBB-
   Recovery rating                   2L



ORGENESIS INC: Kesselman Expresses Going Concern Doubt
------------------------------------------------------
Orgenesis Inc. filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K for the fiscal year ended
Nov. 30, 2014.

Kesselman & Kesselman expressed substantial doubt about the
Company's ability to continue as a going concern, citing that the
Company has recurring losses for the period from inception through
Nov. 30, 2014 and presently does not have sufficient cash and other
resources to meet its requirements in the following twelve months.

The Company reported a net loss of $5.50 million for the fiscal
year ended Nov. 30, 2014, compared with a net loss of $5.54 million
in the prior year.

The Company's balance sheet at Nov. 30, 2014, showed $2.25 million
in total assets, $5.23 million in total liabilities, and a
stockholders' deficit of $2.98 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/5ZTnK8
                          
Orgenesis Inc., a development stage company, is engaged in research
and development in the biotechnology field in Israel.  It intends
to develop a technology for regeneration of functional
insulin-producing cells thus enabling normal glucose regulated
insulin secretion through cell therapy.  The company was formerly
known as Business Outsourcing Services, Inc. and changed its name
to Orgenesis Inc. in August 2011.  Orgenesis Inc. was founded in
2008 and is based in White Plains, New York.


PARK MERIDIAN: Seeks Substantive Consolidation of Estates
---------------------------------------------------------
Park Meridian, LLC, asks the U.S. Bankruptcy Court for the Northern
District of Georgia, Gainesville Division, to issue an order
directing the substantive consolidation of the estate of Park
Meridian, LLC, and the estate of 7220, LLC.

According to David W. Gordon, Esq., at Macey, Wilensky & Hennings,
LLC, in Atlanta, Georgia, Park Meridian and 7220 jointly own
commercial real property and improvements located at 3890 Johns
Creek Parkway, in Suwanee, Forsyth County, Georgia.  Mr. Gordon
relates that since their inceptions, the Debtors have operated as a
single entity.  The Debtors are operated out of a single bank
account, which is in the name of Park Meridian, Utility accounts
are also in the name of Park Meridian, Mr. Gordon adds.

Park Meridian believes that the substantive consolidation of the
Debtors is necessary as they are so intricately intertwined that
administering the Estates separately would involve duplicitous
efforts on behalf of (a) creditors, who are identical except for
the utilities in the name of Park Meridian; (b) the Debtors, each
of whom would bear the expense of filing and serving identical
pleadings in each case; and (c) the Court, Mr. Gordon tells the
Court.

Northside-Rosser Debt Holdings LLC, a secured creditor, tells the
Court that it does not object to the substantive consolidation of
the Debtors' estates but asserted that there is no basis upon which
to grant the relief requested in the motion at this early state of
the Debtor's bankruptcy case.  The substantive consolidation of two
legal entities is not a matter to be taken lightly as it will have
significant, lasting effects to the entities to be consolidated as
well as to the creditors of those entities, the secured creditor
argues.  The secured creditor further asserts that there is a
remedy that can accomplish the type of practical consolidation the
Debtor seeks without imposing a legal consequence on any party:
joint administration of the Debtor and its affiliated debtors.

Northside-Rosser, which purchased the Debtor's $9 million loan from
Wachovia Bank, National Association, is represented by:

         Robbin S. Rahman, Esq.
         KILPATRICK TOWNSEND & STOCKTON LLP
         Peachtree Street, Suite 2800
         Atlanta, GA 30309-4530
         Tel: (404) 815-6500
         Fax: (404) 815-6555
         E-mail: rrahman@ kilpatricktownsend.com

Park Meridian, L.L.C., sought Chapter 11 protection (Bankr. N.D.
Ga. Case No. 15-20447) in Gainesville, Georgia, on March 2, 2015,
stating that it was unable to pay its debts as they generally
mature.  The Atlanta-based debtor estimated $10 million to $50
million in assets and debt.


PEOPLEWELL HR: Apr. 14 Hearing Set on UST Complaints
----------------------------------------------------
The U.S. Bankruptcy Court ordered that Peoplewell HR Solutions,
LLC, appear at a hearing scheduled for April 14, 2015, at 10:30
a.m., to show cause why an appropriate sanction must not be entered
on the failure to comply with the statutory duties and fiduciary
obligations under the Bankruptcy Code and Rules.  The U.S. Trustee
advised the Court that the Debtors have not timely complied with
the statutory obligations and fiduciary duties to file financial
reports; or pay court fees and charges assessed.

                  About Peoplewell HR Solutions

Peoplewell HR Solutions, LLC, sought Chapter 11 protection (Bankr.
M.D. Fla. Case No. 8:14-bk-13688) on Nov. 21, 2014, in Tampa,
Florida.  Buddy D. Ford, PA, serves as counsel to the Debtor.
Peoplewell disclosed total assets of $340 million and total
liabilities of $1.35 million.

Chetan R. Shah, the manager, signed the petition.  Shah filed her
own bankruptcy case on Aug. 7, 2014, Case No. 14-09207, which is
pending before Judge Catherine Peek McEwen.  Related entities that
sought bankruptcy protection also include Athenon CDK Corporation,
Go Bollywood Tampa Bay Florida Convention, LLC, and Hillsdale
Financial Synergy, LLC.

According to a court filing, Peoplewell HR together with Chetan
Sha, and Go Bollywood, have entered into a contingency agreement
to prosecute an adversary proceeding against Dr. Kiran Patel.


PLATTSBURGH SUITES: Opposes U.S. Trustee's Bid for Ch. 11 Trustee
-----------------------------------------------------------------
William K. Harrington, the United States Trustee for Region 2, asks
the U.S. Bankruptcy Court for the Northern District of New York to
enter an order directing the appointment of a Chapter 11 trustee in
the Chapter 11 case of Plattsburgh Suites, LLC, for "cause" shown
and as being in the interests of creditors.

The U.S. Trustee notes that the Debtor has not had possession of
its assets since Nov. 26, 2013 when a receiver was appointed.  The
receiver was appointed as a result of Stabilis Fund II, LLC v.
Plattsburgh Suites, LLC, et al.  The creditor obtained a judgment
of foreclosure.  The receiver is Jonathan B. Schultz.

The Receiver remains in possession or control of all the Debtor's
assets including significant accumulated cash, in excess of
$760,000.  The Receiver retained the existing property manager
Plattsburgh Manager, LLC, as the day-to-day operator of the
Debtor's premises.

On Feb. 6, 2015, the U.S. Trustee inquired and was informed by the
Receiver's office that the real estate taxes due Jan. 31, 2015,
were not paid.  Section 1112(b)(4)(I) of the Bankruptcy Code states
that the Court may convert or dismiss a chapter 11 case for
"failure to timely pay taxes owed after the date of the order for
relief or to file tax returns due after the date of the order for
relief."  Therefore, the Receiver has created a ground, pursuant to
11 U.S.C. Sec. 1112(b)(4)(I), to convert or dismiss the case, the
U.S. Trustee tells the Court.

                     Authorized Representative

The U.S. Trustee doesn't want Michael J. Uccellini, who signed the
bankruptcy petition, to manage the property.  According to the U.S.
Trustee, due to Mr. Uccellini's direct pecuniary interests in
various affiliates and creditors of the Debtor, it appears that Mr.
Uccellini lacks the kind of independence necessary to appropriately
manage the Debtor during reorganization.

The petition and schedules are signed by Michael J. Uccellini, as
"Authorized Representative of Majority Member."  Mr. Uccellini is
one of two co-executors of the Estate of Walter F. Uccellini. The
Estate of Walter F. Uccellini is listed as an unsecured creditor
with a claim in the amount of $2,058,242.  The United Group of
Companies, Inc. is an affiliate of the Debtor and is listed as an
unsecured creditor with a claim in the amount of $550,000.  Mr.
Uccellini is President and CEO of United Group of Companies, Inc.
Plattsburgh Manager is an affiliate of the Debtor and conducts the
day-to-day operations of the Debtor.  DCG/UGOC Income Fund LLC is
an investment vehicle that Michael J. Uccellini personally invested
in.  DCG/UGOC Income Fund LLC is listed as an unsecured creditor
with a claim in the amount of $9,695,415.

The U.S. Trustee's counsel is:

         Kevin Purcell
         Trial Attorney
         Bar Roll No.: 512555
         74 Chapel Street, Suite 200
         Albany, New York 12207
         Voice: (518) 434-4553
         Fax: (518) 434-4459
         E-mail: kevin.j.purcell@usdoj.gov

                        Debtor Reacts

The Debtor says the U.S. Trustee's allegations are without merit
and not supported by taxes.

Richard L. Weisz, Esq., at Hodgson Russ LLP, counsel to the Debtor,
explains that real property taxes are billed by the City of
Plattsburgh and are not due until April.  No postpetition real
property tax payments have been missed.

In addition, according to Mr. Weisz, while it is true that an
affiliate of the Debtor, United Realty Management has been manager
of the property for both the Debtor and the Receiver, United
Realty's management has protected the Estate.  United Realty is an
accredited management organization and during its management,
student retention in the college residence has exceeded 30 percent
while the national average is 20 percent.  Revenue for the past two
years has been over $2 million while operating expenses have been
approximately $1 million.  United Realty charges a 5 percent
management fee, which is commensurate with the market.

                         About the Debtor

Plattsburgh Suites, LLC, owns one parcel of real estate, an
off-campus student housing complex adjacent to SUNY Plattsburgh.
The property has been in a possession of a receiver since November
2013.

Plattsburgh Suites filed for Chapter 11 protection (Bankr. N.D.N.Y.
Case No. 15-10077) in Albany, New York, on Jan. 16, 2015,
disclosing $32.06 million in liabilities.  The case is assigned to
Judge Robert E. Littlefield Jr.  The Debtor has tapped Richard L.
Weisz, Esq., at Hodgson Russ LLP, in Albany, New York, as counsel.



PORTAGE BIOTECH: Reports $889K Net Loss for Dec. 31 Quarter
-----------------------------------------------------------
Portage Biotech Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 6-K, disclosing a net loss
of $889,000 for the three months ended Dec. 31, 2014, compared with
a net loss of $292,000 for the same period during the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $5.74 million
in total assets, $1.02 million in total liabilities, and
stockholders' equity of $4.73 million.

Management has secured sufficient equity financing which it
believes will enable it to complete its pre-clinical work and other
commitments.  However, it will require additional resources to
continue into clinical trials and/or for additional acquisitions.
The Company continues to obtain financing, although there are no
assurances that the management's plan will be realized.  These
conditions indicate the existence of a material uncertainty that
raises substantial doubt about the Company's ability to continue as
a going concern, according to the regulatory filing.

A copy of the Form 6-K is available at http://is.gd/fd7tJC

Portage Biotech researches and develops pharmaceutical and biotech
products.  The company, through its subsidiary, holds a license in
non-oncology fields and the know-how related to the Antennapedia
protein (ANTP) transduction technology.  It develops a research
pipeline of ANTP-based drug candidates intended for use as
therapeutic agents for various non-oncology indications.  The
company is based in Toronto, Canada.


PUTNAM ENERGY: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Putnam Energy, L.L.C.
        810 Quail Ridge
        Westmont, IL 60559

Case No.: 15-08733

Nature of Business: A company with power plant and pipeline assets.


Chapter 11 Petition Date: March 11, 2015

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Carol A. Doyle

Debtor's Counsel: Douglas S Draper, Esq.
                  HELLER, DRAPER, PATRICK, HORN & DABNEY, LLC
                  650 Poydras St Ste 2500
                  New Orleans, LA 70130
                  Tel: (504) 299-3300
                  Fax: (504) 299-3399
                  Email: ddraper@hellerdraper.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Terrence O'Malley, manager and CEO, and
as manager of Putnam Energy Holdings, LLC, the sole member of
Putnam Energy, L.L.C.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Adducci Accounting                                      $3,512

Airgas                                                    $739

Ameren                                                    $191

Bank of America                                        $11,000

Friedrich Energy Consulant                              $2,100

Frontier                                                  $235

Geolog Well Services, Inc                               $3,915

Gwaltney Drilling                                      $29,878

Hanner & Hanner                                         $1,850

Indiana Petroleum Contractors, Inc                      $3,650

Konicek & Dillon PC                                     $5,000

Loveless Geological                                     $6,500

McBeath, Fates & Ivers, PC                             $27,857

Natural Gas Compression                               $150,377

Norris Electric                                         $1,458

Quail Ridge Investors, LLC                             $11,612

Radhje & Woodward, LLC                                 $24,311

Robinson Engineering & Oil Company                     $11,000

Silver Smith                                            $1,621

USDI                                                      $996


PUTNAM ENERGY: Files for Chapter 11 in Chicago
----------------------------------------------
Putnam Energy, L.L.C., sought Chapter 11 protection (Bankr. N.D.
Ill. Case No. 15-08733) on March 11, 2015, in Chicago, Illinois,
after it failed to reach a forbearance agreement with its lender.

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

According to the resolution authorizing the bankruptcy filing, the
Company is indebted to Bridgeview Bank for an amount in excess of
$1.70 million, and the Bank has obtained a judgment against the
Company by way of confession of judgment and has caused the
freezing of the accounts receivable owing to the Company from its
primary customer.

The Company has received a valuation report with respect to its gas
wells and mineral leasehold interests in the Illini Field in
Crawford County, Illinois, showing value of its assets
substantially in excess of the obligations to the Bank.

The Company had made extensive efforts to enter into a forbearance
agreement with the Bank, so as to provide it additional time to
operate its business in the ordinary course and to obtain
substitute financing or additional equity capital, but has been
unable to effect a forbearance agreement on terms that the Company
believes will enable it to operate successfully.

Accordingly, the Company has determined that the only feasible way
of protecting the value of its assets and the interests of its
creditors and beneficial owner is to seek to reorganize under
Chapter 11 of the U.S. Bankruptcy Code.

The case is assigned to Judge Carol A. Doyle.  Terrence O'Malley,
manager and CEO, signed the petition.  The Debtor is represented by
Douglas S Draper, Esq., at Heller, Draper, Hayden, Patrick & Horn,
in New Orleans.


QUEST SOLUTION: Copy of Presentation at ROTH Conference
-------------------------------------------------------
Quest Solution, Inc. completed an investor presentation at the 27th
Annual ROTH Conference at 5 p.m. in Dana Point, California, on
March 9, 2015.  A copy of the slides used at the presentation is
available at http://is.gd/qfPESj

                        About Quest Solution

Quest Solution (formerly known as Amerigo Energy, Inc.) is a
national mobility systems integrator with a focus on design,
delivery, deployment and support of fully integrated mobile
solutions.  The Company takes a consultative approach by offering
end to end solutions that include hardware, software,
communications and full lifecycle management services.  The highly
tenured team of professionals simplifies the integration process
and delivers proven problem solving solutions backed by numerous
customer references.  Motorola, Intermec, Honeywell, Panasonic,
AirWatch, Wavelink, SOTI and Zebra are major suppliers which Quest
Solution uses in its systems.

Amerigo Energy reported a net loss of $1.12 million in 2013
following a net loss of $191,000 in 2012.

L.L. Bradford & Company, LLC, Las Vegas, NV, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has suffered recurring losses from operations and
has an accumulated deficit that raises substantial doubt about its
ability to continue as a going concern.


RECYCLE SOLUTIONS: March 19 Hearing on Bid for More Exclusivity
---------------------------------------------------------------
The Bankruptcy Court will convene a hearing on March 19, 2015, at
9:30 a.m., to consider Recycle Solutions, Inc.'s request for an
exclusivity extension.  Objections, if any, are due March 17.

The Debtor is asking the Court to extend its exclusive periods to
file a Chapter 11 plan and explanatory disclosure statement to July
2, 2015, and solicit acceptances for that plan until Aug. 31.

The Debtor said that negotiations and accounting regarding the use
of cash collateral with Regions Bank, its primary lender, has taken
longer than anticipated.  The Debtor required additional time to
explore financial strategies and alternative, particularly on light
of the delay in finalizing a cash collateral order.

                      About Recycle Solutions

Recycle Solutions, Inc., founded in 2002 in Memphis, TN, is in the
business of recycling and reusing plastic, wood and packaging for
film rolls.  The company claims to be a pioneer in helping leading
corporations develop and implement innovative programs to reduce
their environmental impact.  James Downing, of Arlington,
Tennessee, founder and president, owns 100% of the stock.

Recycle Solutions sought Chapter 11 bankruptcy protection in its
home-town in Memphis (Bankr. W.D. Tenn. Case No. 14-31338) on
Nov. 4, 2014, disclosing assets of $11.5 million against
liabilities of $6.4 million.

The case is assigned to Judge George W. Emerson Jr.  The Debtor is
represented by Steven N. Douglass, Esq., at Harris Shelton Hanover
Walsh, PLLC, in Memphis.

According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due March 4, 2015.

The U.S. Trustee for Region 8 appointed three creditors to serve on
the official committee of unsecured creditors.  Adam B. Emerson of
Bridgforth & Buntin, PLLC, represents the Committee as counsel.



RECYCLE SOLUTIONS: Plum Creek's Lift Stay Motion Resolved
---------------------------------------------------------
U.S. Bankruptcy Judge George W. Emerson, Jr., signed off an agreed
order between Recycle Solutions, Inc., and Plum Creek Environmental
Technologies, LLC.

The agreed order resolves Plum Creek's motion for relief from the
automatic stay and for abandonment of property from the estate; or,
in the alternative, to compel the Debtor to assume or reject
unexpired equipment leases.  The parties had reached a compromise
and settlement concerning one of the three equipment leases and
related bailer.

The Debtor agrees that, among other things:

   -- It has no opposition to the motion with respect to the relief
sought pertaining to the Adlam Films Bailer and the UWT Bailer and
the attendant Lease No. 1 and Lease No. 2.  Specifically, the
Debtor rejects Lease No. 1 and Lease No. 2.

   -- The automatic stay protecting the Debtor's interests in the
Adlam Films Bailer and UWT Bailer is terminated as same applies to
Plum Creek, and the Adlam Films Bailer and UWT Bailer are abandoned
from the Debtor's estate;

   -- The Debtor will cooperate with Plum Creek in voluntarily and
peacefully surrendering the Adlam Films bailer and the UWT bailer
to Plum Creek at a mutually convenient time after entry of the
agreed order.

   -- Plum Creek will not be precluded from filing a claim for
lease rejection damages with respect to Lease No. 1 and Lease
No. 2., nor is the Debtor precluded from objecting to said claims.

Plum Creek is represented by:

         James P. Wilson, Jr.
         Mitchell McNutt & Sams, PA
         P.O. Box 1366
         Columbus, MS 39703-1366
         Tel. (662) 245-5123
         Fax (662) 328-8035
         E-mail: jwilson@mitchellmcnutt.com

The Debtor's attorney can be reached at:

         Steven N. Douglass, Esq.
         HARRIS SHELTON HANOVER WALSH, PLLC
         2700 One Commerce Square
         Memphis, TN 38103
         Tel: (901) 525-1455
         Fax: (901) 526-4084
         E-mail: snd@harrisshelton.com

                     About Recycle Solutions

Recycle Solutions, Inc., founded in 2002 in Memphis, TN, is in the
business of recycling and reusing plastic, wood and packaging for
film rolls.  The company claims to be a pioneer in helping leading
corporations develop and implement innovative programs to reduce
their environmental impact.  James Downing, of Arlington,
Tennessee, founder and president, owns 100% of the stock.

Recycle Solutions sought Chapter 11 bankruptcy protection in its
home-town in Memphis (Bankr. W.D. Tenn. Case No. 14-31338) on
Nov. 4, 2014, disclosing assets of $11.5 million against
liabilities of $6.4 million.

The case is assigned to Judge George W. Emerson Jr.  The Debtor is
represented by Steven N. Douglass, Esq., at Harris Shelton Hanover
Walsh, PLLC, in Memphis.

According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due March 4, 2015.

The U.S. Trustee for Region 8 appointed three creditors to serve
on
the official committee of unsecured creditors.  Adam B. Emerson of
Bridgforth & Buntin, PLLC, represents the Committee as counsel.



REGENICIN INC: Further Losses Raise Going Concern Doubt
-------------------------------------------------------
Regenicin Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing net income
of $2.41 million on $nil of revenues for the three months ended
Dec. 31, 2014, compared with a net loss of $47,500 on $nil of
revenues for the same period in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $4.11 million
in total assets, $3.39 million in total liabilities, and total
stockholders' equity of $724,000.

The Company has an accumulated deficit of $8.54 million as of Dec.
31, 2014, expects to incur further losses in the development of its
business and has been dependent on funding operations through the
issuance of convertible debt and private sale of equity securities.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.  Management's plans include
continuing to finance operations through the private or public
placement of debt and/or equity securities and the reduction of
expenditures.  In addition, the Company intends on using the
proceeds from the Sale Agreement to fund operations.  However, no
assurance can be given at this time as to whether the Company will
be able to achieve these objectives.

A copy of the Form 10-Q is available at:
                              
                       http://is.gd/nUEly2
                          
Regenicin, Inc., a biotechnology company, develops regenerative
cell therapies to restore the health of damaged tissues and organs
in the United States. The company intends to develop and
commercialize a technology of tissue-engineered skin substitutes to
restore the healthy human skin qualities for use in the treatment
of burns, chronic wounds, and various plastic surgery procedures.
Its product includes TempaDerm, a cultured skin substitute for use
in the treatment of chronic skin wounds comprising diabetic ulcers,
decubitus ulcers, and venous stasis ulcers. The company was
formerly known as Windstar, Inc. and changed its name to Regenicin,
Inc. in July 2010. Regenicin, Inc. was founded in 2007 and is
headquartered in Little Falls, New Jersey.


RESIDENTIAL CAPITAL: Judge Rules on Objection to Silber Claim
-------------------------------------------------------------
Bankruptcy Judge Martin Glenn entered a Memorandum and Opinion
sustaining in part and overruling in part the Rescap Borrower
Claims Trust's objection to Claim No. 4222 filed by Todd Silber.

Silber filed the Claim on November 9, 2012 against Debtor GMAC
Mortgage LLC, asserting a secured and administrative priority claim
for $30,616 plus "pending CASES Damages Awarded By the Courts
Connecticut U.S. District 3:12-cv-01087."  The Claim incorporates
an amended complaint Silber filed against GMACM in Connecticut
state court on June 8, 2012, which asserts five causes of action --
a claim for breach of contract; breach of the implied covenant of
good faith and fair dealing; claim for bank fraud and robo-signing;
violation of the Truth in Lending Act (TILA) and engagement in
unfair business practices; and wrongful foreclosure cause of
action, which appears to be a claim under the Connecticut Unfair
Trade Practices Act (CUTPA).

In his March 9, 2015 Opinion available at http://is.gd/UZZuhBfrom
Leagle.com, Judge Glenn specifies that the Objection is sustained
to the extent that:

  -- Silber withdrew his causes of action arising out of
     allegations of robo-signing and forgery, as well as his TILA
     cause of action to the extent that it is based on the receipt

     of a truth in lending statement;

  -- Silber's Real Estate Settlement Procedures Act (RESPA) cause
     of action is time barred;

  -- Silber failed to establish alteration of the Note;

  -- Silber cannot assert a cause of action arising out of GMACM's

     alleged bad faith in mediation sessions;

  -- Silber's breach of the forbearance plan agreement claim
     fails; and

  -- Silber's fraud and defamation causes of action fail.

With this, the remaining causes of action of Silber's Claim include
(1) breach of contract; (2) breach of the implied covenant of good
faith and fair dealing; (3) negligent misrepresentation; and (4) a
violation of CUTPA.  The judge thus rules that the Objection is
partially overruled as to the remaining causes of action, without
prejudice.

The judge orders that the parties meet and confer and provide a
letter to the Court no later than March 25, 2015, scheduling an
evidentiary hearing to resolve the remaining portions of Silber's
Claim.

Should the parties resolve the Claim outside of Court through
settlement negotiations, the parties shall provide the Court with a
status letter to that effect prior to the scheduled evidentiary
hearing.

                    About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.

Neither Ally Financial nor Ally Bank is included in the bankruptcy
filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.7 billion in assets and $15.3 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of its
mortgage servicing and origination platform assets to Ocwen Loan
Servicing, LLC and Walter Investment Management Corporation for $3
billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


SALADWORKS LLC: WS Finance Balks at SSG Fees
--------------------------------------------
WS Finance, LLC and JVSW, LLC, objected to Saladworks, LLC's motion
for permission to employ SSG Advisors, LLC as investment banker.

The Debtor is seeking permission to engage SSG to provide
investment banking services nunc pro tunc to the Petition Date, but
primarily related to efforts to locate and assist with the
consummation of a transaction, defined as a sale or
recapitalization of the Debtor.

The Objectors are concerned that, if the SSG application is
approved as presented by the Debtor, the Debtor will be subjected,
unnecessarily, to a fee for value as to which SSG played absolutely
no role in creating.

The Objectors said that the engagement of SSG must be denied
because the compensation structure detailed in the SSG application
is exorbitant and would seek to compensate SSG from the very first
dollar of any transaction without regard to the fact that JVSW, LLC
is more than likely ready, willing and able to purchase the
Debtor under a plan.

According to the Objectors, the transaction under a plan has a
value equal to any offer by a third party that would propose to
purchase the Debtor for in excess of $11,000,000.  Given the near
certainty under a plan, it would be unfathomable for the Debtor to
support any sale fee to SSG that would compensate SSG for any
transaction that offers less than a net in cash to the Debtor of
$11,500,000.

Moreover, the Objectors claim the proposed monthly fee of $25,000
to SSG is excessive.  The Objectors believe that SSG must agree to
a monthly fee of $12,500 for four months totaling $50,000.  The
Objectors propose that SSG be entitled to a sale fee of equal to
the greater of (i) $250,000 or (ii) 5% of the amount of the total
consideration above $12,000,000.

                  About Saladworks, LLC

Developed in 1986, Saladworks, LLC, is the first and largest
fresh-salad franchise concept in the United States. From its
beginning in the Cherry Hill Mall, Saladworks quickly expanded to
12 additional locations in area malls and soon thereafter began
franchising.  The company has franchise agreements with 162
different franchisees.  The equity owners are J Scar Holdings,
Inc., (70%) and JVSW LLC (30%).

Saladworks, LLC, sought Chapter 11 bankruptcy protection (Bankr.
D.
Del. Case No. 15-10327) on Feb. 17, 2015.  The case assigned to
Judge Laurie Selber Silverstein.

The Debtor has tapped Landis Rath & Cobb LLP as counsel; SSG
Advisors, LLC, as investment banker; EisnerAmper LLP, as financial
advisor; and Upshot Services LLC, as claims and noticing agent.

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

The U.S. trustee overseeing the Chapter 11 case of Saladworks LLC
appointed three creditors of the company to serve on the official
committee of unsecured creditors.



SALADWORKS LLC: WS Says UpShot Not Needed for Plan Process
----------------------------------------------------------
WS Finance, LLC and JVSW, LLC, objected to Saladworks, LLC's motion
to employ Upshot Services LLC as administrative agent.

The Debtor is seeking permission to engage UpShot Services to
provide bankruptcy administrative services, primarily related to
administrative functions relating to a plan process and preparation
of schedules and statements of financial affairs.

The Objectors submitted that the UpShot application is not
appropriate under the circumstances of the case and should be
denied.  The Objectors said that the Debtor does not contemplate
filing a Plan in the case, instead, the Debtor proposes to sell
substantially all of its assets in an 11 U.S.C. Sec. 363 sale, and,
as a result, majority of the services proposed to be provided by
UpShot (balloting, tabulation of votes, reports relating to
reorganization, generating ballots, ballot certifications and
testimony in connection with such services, managing distributions)
are not relevant to the case.

                  About Saladworks, LLC

Developed in 1986, Saladworks, LLC, is the first and largest
fresh-salad franchise concept in the United States. From its
beginning in the Cherry Hill Mall, Saladworks quickly expanded to
12 additional locations in area malls and soon thereafter began
franchising.  The company has franchise agreements with 162
different franchisees.  The equity owners are J Scar Holdings,
Inc., (70%) and JVSW LLC (30%).

Saladworks, LLC, sought Chapter 11 bankruptcy protection (Bankr.
D.
Del. Case No. 15-10327) on Feb. 17, 2015.  The case assigned to
Judge Laurie Selber Silverstein.

The Debtor has tapped Landis Rath & Cobb LLP as counsel; SSG
Advisors, LLC, as investment banker; EisnerAmper LLP, as financial
advisor; and Upshot Services LLC, as claims and noticing agent.

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

The U.S. trustee overseeing the Chapter 11 case of Saladworks LLC
appointed three creditors of the company to serve on the official
committee of unsecured creditors.



SALADWORKS: Parties Balk at Employment of Landis Rath as Counsel
----------------------------------------------------------------
Parties-in-interest WS Finance, LLC and JVSW, LLC, filed objections
to Saladworks, LLC's application to employ Landis Rath & Cobb, LLP
as counsel, nunc pro tunc to the Petition Date.

The Objectors were concerned that, if the LRC application is
approved as presented by the Debtor, the engagement of LRC and the
significant prepetition payments by the Debtor to LRC, will not be
subjected to appropriate levels of investigation and scrutiny.

The Objectors said that the motion must be denied because:

   a. LRC has not included, as a part of its engagement, a copy of
its pre-Petition Date engagement agreement with the Debtor, which
objectors believe is a critical element of any determination
regarding the various allegations contained in the LRC
application;

   b. While LRC has disclosed a range of hourly rates to be charged
for work performed on behalf of the Debtor, LRC must also disclose
a breakdown of the hourly rates of each professional and
para–professional expected to perform services on behalf of the
Debtor in this case.

   c. LRC must be required to provide to parties in interest,
including objectors, a detailed statement of its services performed
on behalf of the Debtor between the date on which LRC was the
engaged and the Petition Date, particularly where LRC
seeks to be compensated in excess of $93,000 for work performed
prior to the Petition Date.

WS Finance's claims arise from the assignment to it of two loans
from Metro Bank, well as an assignment of two confessed judgments
entered in favor of Metro Bank and against Saladworks and one
pending lawsuit.

                         About Saladworks

Developed in 1986, Saladworks, LLC, is the first and largest
fresh-salad franchise concept in the United States. From its
beginning in the Cherry Hill Mall, Saladworks quickly expanded to
12 additional locations in area malls and soon thereafter began
franchising.  The company has franchise agreements with 162
different franchisees.  The equity owners are J Scar Holdings,
Inc., (70%) and JVSW LLC (30%).

Saladworks, LLC, sought Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 15-10327) on Feb. 17, 2015.  The case assigned to
Judge Laurie Selber Silverstein.

The Debtor has tapped Landis Rath & Cobb LLP as counsel; SSG
Advisors, LLC, as investment banker; EisnerAmper LLP, as financial
advisor; and Upshot Services LLC, as claims and noticing agent.

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

The U.S. trustee overseeing the Chapter 11 case of Saladworks LLC
appointed three creditors of the company to serve on the official
committee of unsecured creditors.



SEAR METHODIST: Caprock Has Until April to Use SB Cash Collateral
-----------------------------------------------------------------
The Bankruptcy Court approved a stipulation between Sears Caprock
Retirement Corporation, and Santander Bank, N.A., authorizing
Sears' interim use of cash collateral until April 30, 2015.

Except as otherwise provided in the stipulation, all terms,
conditions, and provisions of the Cash Collateral Order are
unchanged and remain in full force and effect.  A copy of the
budget is available for free at:

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

Previously, the Court approved the stipulation between Sears and
Prosperity Bank, N.A., the lender.

                      About Sears Methodist

Sears Methodist Retirement System Inc. provides luxurious
residency
to seniors.  The system includes: (i) eight senior living
communities located in Abilene, Amarillo, Lubbock, Odessa and
Tyler, Texas; (ii) three veterans homes located in El Paso,
McAllen
and Big Spring, Texas, managed by Senior Dimensions, Inc.,
pursuant
to contracts between SDI and the Veterans Land Board of Texas; and
(iii) Texas Senior Management, Inc. ("TSM"), Senior Living
Assurance, Inc. ("SLA") and Southwest Assurance Company, Ltd.
("SWAC"), which provide, as applicable, management and insurance
services to the System.  Sears Methodist Senior Housing, LLC, is
the general partner of, and controls .01% of the interests in,
Canyons Senior Living, L.P. ("CSL").

Sears Methodist and its affiliates sought protection under Chapter
11 of the Bankruptcy Code (Bankr. N.D. Tex. Lead Case No. 14
32821)
on June 10, 2014.  The cases are assigned to Judge Stacey G.
Jernigan.

The Debtors' counsel is Vincent P. Slusher, Esq., and Andrew
Zollinger, Esq., at DLA Piper LLP (US), in Dallas, Texas; and
Thomas R. Califano, Esq., Gabriella L. Zborovsky, Esq., and Jacob
S. Frumkin, Esq., at DLA Piper LLP (US), in New York.  The
Debtors'
financial advisor is Alvarez & Marsal Healthcare Industry Group,
LLC, while the Debtors' investment banker is Cain Brothers &
Company, LLC.  The Debtors' notice, claims and solicitation agent
is GCG Inc.

The Debtors have sought and obtained an order authorizing joint
administration of their Chapter 11 cases.

The Official Committee of Unsecured Creditors is represented by
Clifton R. Jessup, Jr., Esq., and Bryan L. Elwood, Esq., at
Greenberg Traurig, LLP, in Dallas, Texas.



SEQUENOM INC: Earns $1M in 2014, But More Cash Needed to Pay Debt
-----------------------------------------------------------------
Sequenom, Inc., filed with the Securities and Exchange Commission
its annual report on Form 10-K disclosing net earnings of $1.01
million on $152 million of net diagnostics services revenue for the
year ended Dec. 31, 2014, compared to a net loss of $107.4 million
on $120 million of net diagnostic services revenue in 2013.

As of Dec. 31, 2014, the Company had $161 million in total assets,
$192 million in total liabilities and a $31.2 million total
stockholders' deficit.

As of Dec. 31, 2014, cash, cash equivalents, and current marketable
securities totaled $93.9 million, compared to $71.3 million at Dec.
31, 2013.  The $22.6 million increase is due primarily to the
proceeds from the sale of the Company's Bioscience segment, and
funds received from the Pooled Patents Agreement with Illumina.

The Company said it may not be able to generate enough cash flow
from its operations to service its indebtedness.

"If we fail to generate enough cash flow from our operations or
otherwise obtain the capital necessary to fund our operations, our
financial results, financial condition and our ability to continue
as a going concern will be adversely affected and we will have to
cease or reduce further commercialization efforts or delay or
terminate some or all of our diagnostic testing services or other
product development programs," the Company said in the Report.

The Company expects to continue to incur losses and may have to
raise additional cash to fund its planned operations.

A full-text copy of the Form 10-K is available for free at:

                       http://is.gd/UTNvTg

                         About Sequenom

Sequenom, Inc. (NASDAQ: SQNM) -- http://www.sequenom.com/-- is a
life sciences company committed to improving healthcare through
revolutionary genetic analysis solutions.  Sequenom develops
innovative technology, products and diagnostic tests that target
and serve discovery and clinical research, and molecular
diagnostics markets.  The company was founded in 1994 and is
headquartered in San Diego, California.


SHILO INN: Seeks Confirmation of New Value Reorganization Plans
---------------------------------------------------------------
Debtors Shilo Inn, Seaside East, LLC, and Shilo Inn, Moses Lake,
Inc., ask the Bankruptcy Court to confirm their Joint Plan of
Reorganization dated Nov. 12, 2014, as revised on Dec. 11, 2014.

According to the Debtors, the Plans are new value reorganization
plans.  The Plans cancel the existing equity in the Debtors held by
Mark S. Hemstreet or his wife, Shannon Hemstreet, and, in exchange
for cash contributions by Mark S. Hemstreet, issue new equity to
him; the Plans repay creditors over time.

The Effective Date of the Plan will be March 26, 2015, assuming
that the Bankruptcy Court has entered an order confirming the Plan
and there is no stay in effect.

The Debtors seek to accomplish payments under the Plan by
continuing to operate their businesses and manage their financial
affairs and use business proceeds to pay creditors' claims.  The
Debtors will market their properties for sale at price points
appropriate to make plan payments earlier than set forth in the
projections.

The Debtors' bankruptcy counsel is holding in a trust fund the new
value contribution of $50,000 from Mark Hemstreet and Shannon
Hemstreet.  The new value contribution and cash on hand will be
used to make payments on the Effective Date.

                        Track Record

The Debtors submit that they have done an excellent job of
operating their businesses and managing their bankruptcy estates
during the life of these bankruptcy cases, and the Plan should
be confirmed.  Prior to the filing of the bankruptcy cases, the
Debtors paid over $1.4 million (including over $470,000 in disputed
default interest, which the Honorable Marco A. Hernandez,
District Court Judge for the District of Oregon, ruled was punitive
and invalid) to CBT from CBT's own self-generated reinstatement
notices.  The Debtors made the total payment in full
good faith to cure and fully reinstate the loans, only to have CBT
take the money, then declare frivolous non-monetary defaults and
attempt to foreclose. During these bankruptcy cases, the
Debtors have:

   -- Faithfully and timely paid over $1,572,183 of stipulated cash
collateral payments to CBT and kept all taxes and post-petition
bills current;

   -- Accumulated $964,082 in the debtor-in-possession bank
accounts, even after taking into account payment of over $700,000
of attorneys' fees and costs to their bankruptcy counsel, and
having gone through two slow winter seasons during the pendency of
the bankruptcy cases;

   -- Negotiated and closed a sale of the Shilo Nampa Blvd property
for $1,350,000, which is 35% higher than CBT's appraisal and 17%
higher than the court-appointed neutral appraisal;

   -- Negotiated and closed a sale of the Shilo Newberg property
for $3,175,000, which is 30% higher than CBT's appraisal despite
the cloud of bankruptcy and unrelenting litigation from CBT;

   -- Managed the Debtors' hotels profitably, efficiently, and
well, with business trending upwards, even in the slower winter
months;

   -- Combined from the two recent, positive sales, the Debtors
have over $4,273,000 of net sale proceeds in the Debtors' counsel's
client trust account;

   -- The Debtors continue to market their properties for sales
that maximize the return to all creditors, such as those
impressive, positive sales for Shilo Nampa Blvd and Shilo Newberg,
even though CBT unreasonably opposed those sales and tried to
stop them; and

   -- The Debtors attempted on multiple occasions to reach a
consensual resolution with CBT that would at least pay off the
principal amounts on its claims, especially from the impressive
sales achieved by the Debtors and Mr. Hemstreet on Shilo Nampa Blvd
and Shilo Newberg, which were enough to pay off the principal
balances of both Debtors' plus one other, such as Shilo Rose
Garden.

Five of the Debtors' affiliates successfully restructured and
repaid their debts in full in bankruptcy cases before this Court in
the past four years with 100% success.  Here, the Debtors
have proposed a fair, reasonable, and feasible Plan that includes
$50,000 of new value ($25,000 for each Debtor in this Plan)
contributed by the Debtors' owner, Mark Hemstreet, who continues
to work tirelessly with the Debtors' management to generate the
greatest recovery possible for the estates and their creditors.

A copy of the memorandum of points and authorities in support of
the Plan is available for free at:

http://bankrupt.com/misc/ShiloInnT_621_Seaside_MosesLakeplans.pdf

                   About Shilo Inn, Twin Falls

Shilo Inn, Twin Falls, LLC, and six affiliates filed a Chapter 11
petition (Bankr. C.D. Cal. Case No. 13-21601) on May 1, 2013.
Judge Richard M. Neiter presides over the case.  Shilo Inn, Twin
Falls, estimated assets of at least $10 million and debts of at
least $1 million.

Shilo Inn, Twin Falls; Shilo Inn, Nampa Blvd, LLC; Shilo Inn,
Newberg, LLC; Shilo Inn, Seaside East, LLC, Shilo Inn, Moses Lake,
Inc.; and Shilo Inn, Rose Garden, LLC each operates and owns a
hotel.  California Bank and Trust is the primary, senior secured
lender for each of the Debtors.

The Debtors sought Chapter 11 protection after CBT on May 1, 2013,
filed for receiverships in district court.

David B. Golubchick, Esq., Kurt Ramlo, Esq., and J.P. Fritz, Esq.,
at Levene, Neale, Bender, Yoo & Brill LLP, in Los Angeles,
represent the Debtors in their restructuring effort.

The Debtors' Joint Plan of Reorganization dated Aug. 29, 2013,
provides for payment of all claims in full, unless otherwise agreed
with the claimholder, with unsecured claims to be paid over a
three-month period from the Plan Effective Date.



STANDARD REGISTER: Files for Chapter 11 to Sell Assets
------------------------------------------------------
The Standard Register Company sought Chapter 11 protection (Bankr.
D. Del. Case No. 15-10541) on March 12, 2015, with plans to launch
a sale process where its largest secured lender would serve as
stalking horse bidder in an auction.

Standard Register and its affiliates are providers in the United
States of communications services and communications workflow,
content and analytics solutions through multiple communication
channels, including print, electronic, and Internet-based
communications, to clients in the healthcare, financial services,
manufacturing, retail, and transportation industries.  The Debtors
have operations in all U.S. states and Puerto Rico, and currently
employ approximately 3,500 full-time employees and 16 part-time
employees.

The Debtors' operations generated revenues of $904 million in 2014
and approximately $974 million in 2013 on a pro forma basis, and
suffered net losses of approximately $66 million in 2014 and
approximately $7.4 million in 2013, respectively.

Standard Register disclosed $453 million in total assets and $584
million in debt as of Dec. 31, 2014.

The Debtors are obligated under a First Lien Credit Agreement,
dated as of August 1, 2013, as amended, by and among Standard
Register, WorkflowOne, the subsidiary guarantors named therein,
Silver Point Finance, LLC, as administrative agent, and the lenders
named therein.  The First Lien Term Loan is a term loan in the
original principal amount of approximately $124 million that will
mature on Aug. 1, 2018.

Prior to the Petition Date, the Debtors and advisor Lazard Middle
Market LLC were approached by a small number of potential strategic
buyers that expressed an interest in evaluating an asset sale
and/or merger with the Debtors.  These potential strategic buyers
signed non-disclosure agreements and conducted due diligence in
consideration for a potential acquisition of the Debtors' business
operations as a going concern.  No buyer expressed a willingness to
assume the Debtors' pension obligations.

As the Debtors and their advisors evaluated their strategic
alternatives, two bidders, a strategic buyer, the First Lien
Lenders were negotiating to become the stalking horse bidder to
acquire substantially all of the Debtors' assets pursuant to
Section 363 of the Bankruptcy Code. The Debtors, in consultation
with their professionals, determined that the proposal of the First
Lien Lenders provided greater value and greater certainty of
consideration than the other proposal.  Lazard, in conjunction with
the Debtors’ other professionals, negotiated the proposed terms
of the sale with the First Lien Lenders, and such negotiations
ultimately resulted in the proposed asset purchase agreement (the
"Stalking Horse APA") entered into by and between the Debtors and
the First Lien Lenders.

A copy of the affidavit in support of the first day motions is
available for free at:

     http://bankrupt.com/misc/Standard_Reg_1st_Day_Affidavit.pdf

The Debtors have tapped Young Conaway Stargatt & Taylor LLP as
counsel, and Prime Clerk LLC as claims agent.


STUART JARAMILLO: Must Convert to Chapter 11 or Face Dismissal
--------------------------------------------------------------
The United States Trustee wants the Chapter 7 bankruptcy case of
Stuart Jaramillo, a life insurance salesman for the New York Life
Insurance Company of America, dismissed.  The U.S. Trustee asserts
that the presumption of abuse arises under 11 U.S.C. Sec. 707(b)(2)
-- the "means test" -- and the totality of the circumstances of Mr.
Jaramillo's financial situation demonstrates abuse under 11 U.S.C.
Sec. 707(b)(3).  The U.S. Trustee also asserts that granting
Chapter 7 relief to Mr. Jaramillo would be an abuse of the
provisions of that chapter.

"Based on Mr. Jaramillo's excessive payments for life insurance
premiums and housing, as weighed against the other Stewart Factors
to be considered under the "totality of the circumstances" test,
the Court finds that granting Mr. Jaramillo a Chapter 7 discharge
would be an abuse of the provisions of that chapter. Unless Mr.
Jaramillo files an appropriate motion to convert his Chapter 7 case
to Chapter 11 on or before March 31, 2015, the Court will dismiss
his Chapter 7 case," Bankruptcy Judge Robert H. Jacobvitz said in a
Memorandum Opinion dated March 10, 2015, a copy of which is
available at http://is.gd/8KHNukfrom Leagle.com.

Mr. Jaramillo filed a voluntary petition under Chapter 7 of the
Bankruptcy Code (Bankr. D. N.M. Case No. 13-11090) on March 31,
2013.  His Schedules D and F show about $1 million of secured debt
and about $760,000 of unsecured debt.  Mr. Jaramillo is represented
by Daniel J Behles, Esq., in Albuquerque.


THERAPEUTICSMD INC: Incurs $16.3 Million Net Loss for Q4
--------------------------------------------------------
TherapeuticsMD, Inc., reported a net loss of $16.3 million on $4.25
million of net revenues for the three months ended Dec. 31, 2014,
compared to a net loss of $8.37 million on $2.86 million of net
revenues for the same period in 2013.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $54.2 million on $15.02 million of net revenues compared to a
net loss of $28.4 million on $8.77 million of net revenues in
2013.

As of Dec. 31, 2014, TherapeuticsMD had $59.07 million in total
assets, $10.69 million in total liabilities and $48.38 million in
total stockholders' equity.

"During 2014, we made significant advancements on both the
commercial and R&D fronts, working toward our goal to build a
leading women's health company," said TherapeuticsMD CEO Robert G.
Finizio.  "Our two lead pipeline programs continued to advance in
phase 3 clinical trials, and sales from our current women's health
business grew at an impressive rate, which highlights the
capabilities of our existing commercial infrastructure.  We look
forward to further advancing our pipeline this coming year,
including completing enrollment in our phase 3 investigational
combination therapy and VVA programs and delivering phase 3 results
from the VVA program as planned."

At Dec. 31, 2014, TherapeuticsMD had cash on hand of approximately
$51.4 million, compared with approximately $54.2 million at Dec.
31, 2013.  In February 2015, the company completed a public
offering of shares of its common stock for net proceeds of
approximately $59.1 million.

A full-text copy of the press release is available for free at:

                        http://is.gd/pE73N7

                        About TherapeuticsMD

Boca Raton, Florida-based TherapeuticsMD, Inc. (OTC QB: TXMD) is a
women's healthcare product company focused on creating and
commercializing products targeted exclusively for women.  The
Company currently manufactures and distributes branded and generic
prescription prenatal vitamins as well as over-the-counter
vitamins and cosmetics.  The Company is currently focused on
conducting the clinical trials necessary for regulatory approval
and commercialization of advanced hormone therapy pharmaceutical
products designed to alleviate the symptoms of and reduce the
health risks resulting from menopause-related hormone
deficiencies.


TRIMEDYNE INC: Reports $169K Net Loss in Dec. 31 Quarter
--------------------------------------------------------
Trimedyne, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $169,000 on $1.35 million of net revenues for the three months
ended Dec. 31, 2014, compared with a net loss of $259,000 on $1.4
million of net revenues for the same period during the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $4.42 million
in total assets, $980,000 in total liabilities and total
stockholders' equity of $3.44 million.

At Dec. 31, 2014, the Company had working capital of $2.25 million
compared to $2.41 million at the end of the fiscal year ended Sept.
30, 2014.  Cash decreased by $541,000 to $751,000 from $1.29
million at Sept. 30, 2014.  The Company intends to fund operations
with cash on hand and from operations, however, additional working
capital in the next 12 months will be required based upon its
current expenditure rate.  These factors 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/HNG8sW
                          
                       About Trimedyne Inc.

Lake Forest, Calif.-based Trimedyne, Inc., is engaged in the
development, manufacturing and marketing of 80 and 30 watt Holmium
"cold" pulsed lasers and a variety of disposable and reusable,
fiber optic laser energy delivery devices for use in a broad array
of medical applications.

                          *     *     *

As reported in the TCR on Feb. 5, 2013, dbbMckennon, in Newport
Beach, Calif., expressed substantial doubt about Trimedyne, Inc.'s
ability to continue as a going concern.  The Company's independent
accountants noted that the Company has incurred recurring losses
from operations and has used cash in operating activities.


TRIPLANET PARTNERS: Has Until April 15 to Decide on Leases
----------------------------------------------------------
U.S. Bankruptcy Judge Robert D. Drain extended until April 15,
2015, Triplanet Partners, LLC's time to assume or reject a
non-residential real property lease at 50 Main Street, White
Plains, New York with Regus Management Group.  Benjamin Roberts'
objection to the motion was overruled.

                     About Triplanet Partners

Triplanet Partners LLC filed a Chapter 11 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 14-22643) on May 8, 2014.  Sophien
Bennaceur signed the petition as manager.  The Debtor disclosed
$19.9 million in assets and $33.7 million in liabilities.  Arnold
Mitchell Greene, Esq., at Robinson Brog Leinwand Greene Genovese &
Gluck, P.C., serves as the Debtor's counsel.  Judge Robert D.
Drain oversees the case.

No official committee of unsecured creditors has been appointed in
the case.

The Court entered an order extending until Oct. 15, 2014,
Triplanet Partners, LLC's time to assume or reject a non-
residential real property lease with Regus Management Group.



TRIPLANET PARTNERS: Has Until May 5 to Propose Chapter 11 Plan
--------------------------------------------------------------
U.S. Bankruptcy Judge Robert D. Drain extended Triplanet Partners,
LLC's exclusive periods to propose a Chapter 11 plan until May 5,
2015, and solicit acceptances for that plan until July 6.

                     About Triplanet Partners

Triplanet Partners LLC filed a Chapter 11 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 14-22643) on May 8, 2014.  Sophien
Bennaceur signed the petition as manager.  The Debtor disclosed
$19.9 million in assets and $33.7 million in liabilities.  Arnold
Mitchell Greene, Esq., at Robinson Brog Leinwand Greene Genovese &
Gluck, P.C., serves as the Debtor's counsel.  Judge Robert D.
Drain oversees the case.

No official committee of unsecured creditors has been appointed in
the case.

The Court entered an order extending until Oct. 15, 2014,
Triplanet Partners, LLC's time to assume or reject a non-
residential real property lease with Regus Management Group.



ULTIMATE NUTRITION: Court Sets April 14 as Claims Bar Date
----------------------------------------------------------
The Hon. Albert S. Dabrowski of the U.S. Bankruptcy Court for the
District of Connecticut set April 14, 2015, at 5:00 p.m.
(prevailing Eastern Time) as deadline for creditors of Ultimate
Nutrition Inc. and Prostar Inc. to file their proofs of claim.

All claims must be filed on or before the 503(b)(9) Claim Bar Date
by the Clerk of the Court.

                     About Ultimate Nutrition

Ultimate Nutrition, Inc., develops and distributes nutritional
supplements for body building, enhanced athletic performance and
fitness.  The products are sold worldwide in over 100 countries.
The business was founded in 1979 by the late Victor H. Rubino, one
of the top amateur power lifters in the United States at that
time.

The company has two facilities located in Farmington, Connecticut,
one product distribution center in New Britain, Connecticut and a
research and development center in West Palm Beach, Florida.

Ultimate Nutrition and affiliate Prostar, Inc., sought Chapter 11
bankruptcy protection (Bankr. D. Conn. Case Nos. 14-22402 and
14-22403) on Dec. 17, 2014.

On Dec. 19, 2014, the Court entered an order directing the joint
administration of the Debtors' cases for procedural purposes.

The Debtors have tapped Pullman & Comley, in Bridgeport,
Connecticut, as counsel; LaQuerre Michaud & Company, LLC, as
accountant; and Marcum LLP, as financial advisor.

Ultimate Nutrition estimated $10 million to $50 million in assets
and debt.

The U.S. Trustee for Region 2 appointed three creditors to serve on
the official committee of unsecured creditors.  The Committee has
selected Lowenstein Sandler, LLP, to serve as its counsel, and
Neubert, Pepe & Monteith, P.C. to serve as its local counsel.


US COAL: Has Until April 10 to Propose their Reorganization Plan
----------------------------------------------------------------
The Bankruptcy Court extended Licking River Mining, LLC, et al.'s
exclusive periods to file their plan of reorganization and
disclosure statement until April 10, 2015, and solicit acceptances
for that plan June 9.

Julia and Carl McAfee; Dean McAfee Holdings, LLC; Jeffery Paul
Dean, Trustee of the Trust for Jeffery Paul Dean (GS Exempt), under
Agreement dated Aug. 29, 2008; Donna Mae Kolb, Trustee for the
Trust for Donna Mae Kolb (GS Exempt), under agreement dated Aug.
29, 2008; and Aubra Brian Dean, Trustee for the Trust for Aubra
Brian Dean (GS Exempt), under Agreement dated Aug. 29, 2008, as
successors in interest to the estate of Aubra Paul Dean [and along
with McAfee Holdings, and the McAfees, collectively referred as the
JAD Lenders, had objected to the Debtors' third motion for
exclusivity extension.

The JAD Lenders related that the Debtors were no longer entitled to
the privilege of the exclusivity period to file plans.  All active
mining operations at JAD have ceased and a substantial portion of
the JAD workforce has already been terminated.

As the JAD operation is no longer a going concern, there is no hope
of the Debtors effectuating a plan for same and no cause exists for
the Court to grant a third extension of the exclusivity period
herein.

As reported in the Troubled Company Reporter on March 10, 2015,
the Debtors, explained in their Exclusivity Motion that since the
Additional Debtors' bankruptcy cases were commenced several months
after the Original Debtors' bankruptcy cases, the Additional
Debtors were initially subject to a different exclusivity period
than the Original Debtors.  The initial exclusivity period within
which the Additional Debtors could file their plan and disclosure
statement ran through March 4, and the initial exclusivity period
within which the Additional Debtors could solicit acceptances of
their plan ran through May 3, 2015.

The Debtors needed additional time before a plan and disclosure
statement can be submitted.  The anticipated sale of the JAD
(J.A.D. Coal Company, Inc., Fox Knob Coal Co., Inc., and Sandlick
Coal Company, LLC) Debtors' assets is not expected to close until
March 15, 2015, and filing a plan before sale closure would deprive
the Debtors of any real ability to incorporate the impact of the
sale into a plan.

                 About U.S. Coal and Licking River

On May 22, 2014, an involuntary Chapter 11 petition was filed
against Licking River Mining, LLC, before the United States
Bankruptcy Court for the Eastern District of Kentucky.  On May 23,
2014, an involuntary Chapter 11 petition was filed against Licking
River Resources, Inc. and Fox Knob Coal., Inc.  On June 3, 2014,
an
involuntary Chapter 11 petition was filed against S.M. & J.,
Inc. On June 4, 2014, an involuntary Chapter 11 petition was filed
against J.A.D. Coal Company, Inc.  On June 12, 2014, the Court
entered an order for relief in each of the bankruptcy cases.

On June 10, 2014, an involuntary Chapter 11 petition was filed
against U.S. Coal Corporation.  On June 27, 2014, the Court
entered an order for relief in U.S. Coal's bankruptcy case.

On Nov. 4, 2014, Harlan County Mining, LLC, Oak Hill Coal, Inc.,
Sandlick Coal Company, LLC, and U.S. Coal Marketing, LLC, filed
petitions in the United States Bankruptcy Court for the Eastern
District of Kentucky seeking relief under chapter 11 of the United
States Bankruptcy Code.  The Debtors' cases have been assigned to
Chief Judge Tracey N. Wise.  The Debtors are seeking to have their
cases jointly administered for procedural purposes, meaning that
upon entry of such an order all pleadings will be maintained on
the
case docket for Licking River Mining, LLC, Case No. 14-10201.

U.S. Coal produces and sells thermal coal purchased primarily by
utilities and trading companies and specialty coal purchased by
various industrial customers and trading companies (known as
"stoker" coal).   U.S. Coal operates through two divisions: (1)
the Licking River Division that was formed through the acquisition
of LR Mining, LRR, and S.M. & J., and Oak Hill Coal, Inc. in
January 2007 for $33 million., and (2) the J.A.D. Division that
was formed through the acquisition of JAD and Fox Knob, and
Sandlick Coal Company, LLC and Harlan County Mining, LLC in April
2008 for $41 million.  Both the LRR Division and the JAD Division
are located in the Central Appalachia region of eastern Kentucky.
The LRR Division has approximately 26.3 million tons of surface
reserves under lease.  The JAD Division has 24.4 million tons of
surface reserves, both leased and owned real property.  At
present, U.S. Coal has three surface mines in operation between
the LRR Division and JAD Division.

The Official Committee of Unsecured Creditors has tapped Barber
Law PLLC and Foley & Lardner as attorneys.

The Debtors are represented by Amelia Martin Adams, Esq., and
Laura Day DelCotto, Esq. of Delcotto Law Group PLLC; and Dennis J.
Drebsky, Esq., and Christopher M. Desiderio, Esq., of Nixon
Peabody LLP.



VERSO PAPER: Reports $356 Million Net Loss for 2014
---------------------------------------------------
Verso Paper Holdings LLC filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$356 million on $1.29 billion of net sales for the year ended Dec.
31, 2014, compared with a net loss of $111 million on $1.38 billion
of net sales in 2013.

As of Dec. 31, 2014, Verso Holdings had $900.9 million in total
assets, $1.68 billion in total liabilities and a $780.3 million
total deficit.

The Company said its operations require substantial ongoing capital
expenditures, and it may not have adequate capital resources to
fund all of its required capital expenditures.

"Our business is capital intensive, and we incur capital
expenditures on an ongoing basis to maintain our equipment and
comply with environmental laws, as well as to enhance the
efficiency of our operations.  Our total capital expenditures were
$42.0 million in 2014.  We anticipate that our available cash
resources, including amounts under our credit facilities, and cash
generated from operations will be sufficient to fund our operating
needs and capital expenditures for at least the next year.  We may
also dispose of certain of our non-core assets in order to obtain
additional liquidity.  However, if we require additional funds to
fund our capital expenditures, we may not be able to obtain them on
favorable terms, or at all.  If we cannot maintain or upgrade our
facilities and equipment as we require or as necessary to ensure
environmental compliance, it could have a material adverse effect
on our business, financial condition, and results of operations."

                         Bankruptcy Warning

The indentures governing the Company's notes, its ABL Facility, and
its Cash Flow Facility limit its ability, among other things, to:

  * incur additional indebtedness;

  * pay dividends or make other distributions or repurchase or
    redeem the Company's stock;

  * prepay, redeem, or repurchase certain of its indebtedness;

  * make investments;

  * sell assets, including capital stock of restricted
    subsidiaries;

  * enter into agreements restricting its subsidiaries' ability to
    pay dividends;

  * consolidate, merge, sell, or otherwise dispose of all or
    substantially all of its assets;

  * enter into transactions with its affiliates; and

  * incur liens.

The Cash Flow Facility requires the Company to maintain a maximum
total net first-lien leverage ratio of not more than 3.50 to 1.00
if on the last day of any fiscal quarter, any portion of the
facility is drawn (including outstanding letters of credit).  In
addition, the ABL Facility requires the Company to maintain a
minimum fixed charge coverage ratio at any time when the average
availability (defined as the lesser of the availability under the
ABL Facility and the borrowing base at such time, net of any
unrestricted cash) is less than the greater of (a) 10% of the
lesser of the borrowing base at such time and the aggregate amount
of the ABL Facility commitments at such time and (b) $10.0 million.
In that event, the Company must satisfy a minimum fixed charge
coverage ratio of 1.0 to 1.0. The ABL Facility also contains
certain other customary affirmative covenants and events of
default.  As of December 31, 2014, the Company was not subject to
the above described financial maintenance covenants.

"A breach of any of these restrictive covenants could result in a
default under the instruments governing our debt securities and
credit agreements.  If a default occurs, the holders of these
instruments may elect to declare all borrowings thereunder
outstanding, together with accrued interest and other fees, to be
immediately due and payable.  The lenders under our Cash Flow
Facility and the ABL Facility would also have the right in these
circumstances to terminate any commitments they have to provide
further borrowings.  If we are unable to repay our indebtedness
when due or declared due, the lenders thereunder will also have the
right to proceed against the collateral pledged to them to secure
the indebtedness.  If such indebtedness were to be accelerated, our
assets may not be sufficient to repay in full our secured
indebtedness and we could be forced into bankruptcy or
liquidation," the Company states in the Report.

A full-text copy of the Form 10-K is available for free at:

                       http://is.gd/cmnY6M

                           About Verso

Verso is a North American producer of coated papers, including
coated groundwood and coated freesheet, and specialty products.
Verso is headquartered in Memphis, Tennessee, and owns three paper
mills located in Maine and Michigan.  Verso's paper products are
used primarily in media and marketing applications, including
magazines, catalogs and commercial printing applications such as
high-end advertising brochures, annual reports and direct-mail
advertising.  Additional information about Verso is available on
its Web site at http://www.versopaper.com/

                            *    *    *

As reported by the TCR on July 10, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating on Memphis, Tenn.-
based Verso Paper Holdings LLC to 'CC' from 'CCC'.  "The rating
action reflects the announcement that the company plans to conduct
a two-part exchange for its senior secured second-priority notes
and senior subordinated notes," said Standard & Poor's credit
analyst David Kuntz.

The TCR reported on June 24, 2014, that Moody's Investors Service
downgraded Verso Paper's corporate family rating (CFR) to 'Caa3'
from 'B3' and probability of default rating (PDR) to 'Caa3-PD' from
'Caa2-PD'.  Verso's Caa3 CFR reflects the elevated risk
of a default or distressed exchange in the next 12 months, the
company's weak liquidity, high leverage (adjusted leverage over
13x), and the expectation that the company will continue to face
secular demand declines and weak prices for most of the grades of
coated paper it produces.



VISCOUNT SYSTEMS: Appoints Ambassador Siegel as Chairman
--------------------------------------------------------
Viscount Systems Inc. has named Ambassador Ned L. Siegel as the
Chairman of the Board of Directors.  Ambassador Siegel was elected
to Viscount's Board in April 2014 and succeeds Dennis Raefield, who
has stepped down as Chairman to focus on the Company's expected
rapid growth and will continue to serve as chief executive officer
and as a member of the Board.

Ambassador Siegel brings over 30 years of entrepreneurial, business
management and political leadership experience to Viscount.  His
extensive track record restructuring, repositioning and
recapitalizing business ventures, developing new investment
strategies, and establishing strategic relationships will be
instrumental in creating return-driven opportunities for the
Company.

"Ambassador Siegel's experience holding various government
positions and three decades of private sector success makes him a
valuable addition to our board," said Dennis Raefield, president
and CEO of Viscount Systems.  "As we continue to execute on our
long term growth strategy and increase sales to both the U.S.
Federal Government and the enterprise, Ambassador Siegel is the
right person to guide Viscount into its next phase of growth."

In addition to the success of several business ventures, Ambassador
Siegel has a deep-rooted background in politics and government.  As
U. S. Ambassador of the Commonwealth of the Bahamas, he used his
expertise and business experiences to oversee all operations of the
U.S. Embassy - Nassau.

Prior to his Ambassadorship, Ambassador Siegel was honored by two
additional Presidential appointments.  In 2006, he was appointed by
President Bush to serve at the United Nations in New York as the
Senior Advisor to the U.S. Mission and as the United States
Representative to the 61st Session of the United Nations General
Assembly.  From 2003 - 2007, he served on the Board of Directors of
the Overseas Private Investment Corporation (OPIC), established in
1971 to help U.S. businesses invest overseas, fostering economic
development in new and emerging markets.

Preceding his government work, Ambassador Siegel founded the Siegel
Group, an international business management advisory firm. Under
his leadership, the Siegel Group focuses on helping clients grow
and expand through private equity investments, strategic
infrastructure projects and an extensive network of relationships.

Ambassador Siegel began his career in law before co-founding the
Weingarten-Siegel Group, a national residential building company
headquartered in New Jersey, with offices in California and
Florida.  Ambassador Siegel managed the company's operations,
development and marketing departments, growing it into one of the
largest residential developers in the country.

In addition to serving as Viscount's Chairman, Ambassador Siegel
has held director positions on the boards of several consumer
product, technology and real estate development companies.

"Since joining Viscount's board in April, the company has taken
important steps to drive sales and increase revenue," said
Ambassador Siegel.  "As I take on the role of Chairman, I look
forward to continuing to build value and help Viscount solidify its
niche at the intersection of the identity management, physical
access control, network security and logical security verticals in
the government and commercial sectors."

                       About Viscount Systems

Burnaby, Canada-based Viscount Systems, Inc., is a manufacturer,
developer and service provider of access control security
products.

The Company's bank credit facility was suspended on December 30,
2011 due to the bank's assessment of the Company's financial
position.  Management has determined that the Company will need to
raise a minimum of C$500,000 by way of new debt or equity
financing to continue normal operations for the next twelve
months.  Management has been actively seeking new investors and
developing customer relationships, however a financing arrangement
has not yet completed.  Short-term loan financing is anticipated
from related parties, however there is no certainty that loans
will be available when required.  These factors raise substantial
doubt about the ability of the Company to continue operations as a
going concern.

Dale Matheson Carr-Hilton LaBonte LLP expressed substantial doubt
about the Company's ability to continue as a going concern, citing
that the Company has an accumulated deficit of C$11.7 million for
the year ended Dec. 31, 2013.  The Company requires additional
funds to meet its obligations and the costs of its operations.

The Company reported a net loss of C$3.08 million on
C$4.13 million of sales in 2013, compared with a net loss of
C$2.68 million on C$3.6 million of sales in 2012.

The Company's balance sheet at Sept. 30, 2014, showed $2.14
million in total assets, $5.74 million in total liabilities and a
$3.59 million total stockholders' deficit.


VISCOUNT SYSTEMS: Sells 37,655 Common Shares in Private Placement
-----------------------------------------------------------------
Viscount Systems, Inc. disclosed in a document filed with the
Securities and Exchange Commission that it completed a private
placement of 37,655 shares of common stock at a price of C$0.08 per
share for total proceeds of C$3,012.  The Company also issued a
total of 18,827 warrants, each warrant exercisable to acquire an
additional share of the Company at an exercise price of C$0.16 per
share for a period of five years from the closing date.  The
warrants may be exercised on a cashless basis.

The securities were sold to accredited investors pursuant to the
exemptions from registration under Rule 506 of Regulation D,
promulgated under the United States Securities Act of 1933.

                      About Viscount Systems

Burnaby, Canada-based Viscount Systems, Inc., is a manufacturer,
developer and service provider of access control security
products.

The Company's bank credit facility was suspended on December 30,
2011 due to the bank's assessment of the Company's financial
position.  Management has determined that the Company will need to
raise a minimum of C$500,000 by way of new debt or equity
financing to continue normal operations for the next twelve
months.  Management has been actively seeking new investors and
developing customer relationships, however a financing arrangement
has not yet completed.  Short-term loan financing is anticipated
from related parties, however there is no certainty that loans
will be available when required.  These factors raise substantial
doubt about the ability of the Company to continue operations as a
going concern.

Dale Matheson Carr-Hilton LaBonte LLP expressed substantial doubt
about the Company's ability to continue as a going concern, citing
that the Company has an accumulated deficit of C$11.7 million for
the year ended Dec. 31, 2013.  The Company requires additional
funds to meet its obligations and the costs of its operations.

The Company reported a net loss of C$3.08 million on
C$4.13 million of sales in 2013, compared with a net loss of
C$2.68 million on C$3.6 million of sales in 2012.

The Company's balance sheet at Sept. 30, 2014, showed $2.14
million in total assets, $5.74 million in total liabilities and a
$3.59 million total stockholders' deficit.


VISION VENTURES: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Vision Ventures, LLC
        1402 Norwood Hills Drive
        O Fallon, MO 63366

Case No.: 15-41629

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: March 11, 2015

Court: United States Bankruptcy Court
       Eastern District of Missouri (St. Louis)

Judge: Hon. Charles E. Rendlen III

Debtor's Counsel: Bryan C. Bacon, Esq.
                  EVANS & DIXON, LLC
                  501 West Cherry Street, Suite 200
                  Columbia, MO 65201
                  Tel: 573-777-8823
                  Fax: 314-884-4541
                  Email: bbacon@evans-dixon.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Rodney Henry, manager.

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


WAVE SYSTEMS: Reports $12.8 Million Net Loss for 2014
-----------------------------------------------------
Wave Systems Corp. filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$12.9 million on $17.0 million of total net revenues for the year
ended Dec. 31, 2014, compared to a net loss of $20.3 million on
$24.4 million of total net revenues for the year ended Dec. 31,
2013.  The Company also reported a net loss of $34.0 million in
2012.

As of Dec. 31, 2014, Wave Systems had $8.03 million in total
assets, $14.9 million in total liabilities and a $6.91 million
total stockholders' deficit.

KPMG LLP, in Hartford, Connecticut, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that
Wave Systems Corp. has suffered recurring losses from operations
and has a net capital deficiency that raise substantial doubt about
its ability to continue as a going concern.

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

                        http://is.gd/Z9Fr2v

                         About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products
for hardware-based digital security, including security
applications and services that are complementary to and work with
the specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.


WELLNESS CENTER: Insufficient Revenue Raises Going Concern Doubt
----------------------------------------------------------------
Wellness Center USA, Inc., filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing a
net loss of $423,000 on $103,300 of total revenue for the three
months ended Dec. 31, 2014, compared with a net loss of $539,000 on
$2,360 of total revenue for the same period in the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $6.23 million
in total assets, $1.43 million in total liabilities, and total
stockholders' equity of $4.8 million.

The Company had an accumulated deficit at Dec. 31, 2014, a net loss
and net cash used in operating activities for the reporting period
then ended.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.

The Company is attempting to further implement its business plan
and generate sufficient revenue; however, the Company's cash
position may not be sufficient to support its daily operations.  
While the Company believes in the viability of its strategy to
further implement its business plan and generate sufficient revenue
and in its ability to raise additional funds by way of a public or
private offering, there can be no assurances to that effect.  The
ability of the Company to continue as a going concern is dependent
upon its ability to further implement its business plan and
generate sufficient revenue and its ability to raise additional
funds by way of a public or private offering.  

A copy of the Form 10-Q is available at http://is.gd/bKeXMj
                          
Wellness Center USA, Inc., is engaged in the development of
http://www.aminofactory.com/, an online store for customized
vitamins and other nutritional supplements to the sports industry
and health-minded public.  Through the years, the Company has
expanded its business with the acquisition of CNS-Wellness LLC
(CNS), Psoria-Shield Inc. (PSI), National Pain Centers, Inc. and
certain assets of SMI Holdings, Inc.


XZERES CORP: Copy of Presentation to Interested Parties
-------------------------------------------------------
Beginning March 10, 2015, Xzeres Corp. will make available to
interested parties a slide show presentation relating to the
Company's business, a copy of which is available at:

                        http://is.gd/9ivq1J

                         About XZERES Corp.

Headquartered in Wilsonville, Oregon, XZERES Corp. designs,
develops, and markets distributed generation, wind power systems
for the small wind (2.5kW-100kW) market as well as power
management solutions.

XZERES reported a net loss of $9.49 million for the year ended
Feb. 28, 2014, as compared with a net loss of $7.59 million for
the year ended Feb. 28, 2013.

As of Nov. 30, 2014, the Company had $9.82 million in assets, $18.2
million in liabilities and a $8.37 million stockholders' deficit.

Silberstein Ungar, PLLC, in Bingham Farms, Michigan, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Feb. 28, 2014.  The independent
auditors noted that the Company has incurred losses from
operations, has negative working capital, and is in need of
additional capital to grow its operations so that it can become
profitable.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


ZOGENIX INC: Reports $20.5 Million Net Loss for Fourth Quarter
--------------------------------------------------------------
Zogenix, Inc., reported a net loss of $20.52 million on $14.9
million of total revenue for the three months ended Dec. 31, 2014,
compared to a net loss of $35.6 million on $9.92 million of total
revenue for the same period in 2013.

For the 12 months ended Dec. 31, 2014, the Company reported net
income of $8.58 million on $40.53 million of total revenue compared
to a net loss of $80.85 million on $33.01 million of total revenue
in 2013.

As of Dec. 31, 2014, Zogenix Inc. had $202.8 million in total
assets, $148 million in total liabilities and $55.3 million in
stockholders' equity.

Cash and cash equivalents as of Dec. 31, 2014, were $42.2 million.
Additionally, restricted cash was $8.5 million as of Dec. 31, 2014,
consisting of the portion of proceeds from the sale of the SUMAVEL
DosePro business to Endo required to be held in escrow until May
2015.  On Dec. 30, 2014, the Company secured $20 million in term
loans and $4 million in revolving line commitments for working
capital and general business purposes.

Roger Hawley, chief executive officer of Zogenix, stated, "As we
enter 2015, we are very excited about the prospects for our
differentiated clinical pipeline featuring ZX008 and Relday.  We
are confident in our ability to execute on these development
programs based on our proven success obtaining product approvals,
including the recent approval of the new formulation of Zohydro ER
with BeadTek.  As a result of this recent approval, our discussions
for Zohydro ER evolved into broader strategic interest in the
brand, which led to the sale of the Zohydro ER business to Pernix
announced today in a separate press release."

A full-text copy of the press release is available for free at:

                       http://is.gd/CL0R1u

                        About Zogenix Inc.

Zogenix, Inc. (NASDAQ: ZGNX), with offices in San Diego and
Emeryville, California, is a pharmaceutical company
commercializing and developing products for the treatment of
central nervous system disorders and pain.

Ernst & Young LLP, in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company's recurring losses from operations and lack of
sufficient working capital raise substantial doubt about its
ability to continue as a going concern.


[^] BOOK REVIEW: Oil Business in Latin America: The Early Years
---------------------------------------------------------------
Author:  John D. Wirth Ed.
Publisher:  Beard Books
Softcover:  282 pages
List price:  $34.95
Review by Gail Owens Hoelscher
Buy a copy for yourself and one for a colleague on-line at
http://is.gd/DvFouR

This book grew out of a 1981 meeting of the American Historical
Society. It highlights the origin and evolution of the state-
owned petroleum companies in Argentina, Mexico, Brazil, and
Venezuela.

Argentina was the first country ever to nationalize its
petroleum industry, and soon it was the norm worldwide, with the
notable exception of the United States. John Wirth calls this
phenomenon "perhaps in our century the oldest and most
celebrated of confrontations between powerful private entities
and the state."

The book consists of five case studies and a conclusion, as
follows:

     * Jersey Standard and the Politics of Latin American Oil
          Production, 1911-30 (Jonathan C. Brown)

     * YPF: The Formative Years of Latin America's Pioneer State
          Oil Company, 1922-39 (Carl E. Solberg)

     * Setting the Brazilian Agenda, 1936-39 (John Wirth)

     * Pemex: The Trajectory of National Oil Policy (Esperanza
          Duran)

     * The Politics of Energy in Venezuela (Edwin Lieuwen)

     * The State Companies: A Public Policy Perspective (Alfred
          H. Saulniers)

The authors assess the conditions at the time they were writing,
and relate them back to the critical formative years for each of
the companies under review. They also examine the four
interconnecting roles of a state-run oil industry and
distinguish them from those of a private company. First, is the
entrepreneurial role of control, management, and exploitation of
a nation's oil resources. Second, is production for the private
industrial sector at attractive prices. Third, is the
integration of plans for military, financial, and development
programs into the overall industrial policy planning process.
Finally, in some countries is the promotion of social
development by subsidizing energy for consumers and by promoting
the government's ideas of social and labor policy and labor
relations.

The author's approach is "conceptual and policy oriented rather
than narrative," but they provide a fascinating look at the
politics and development of the region. Mr. Brown provides a
concise history of the early years of the Standard Oil group and
the effects of its 1911 dissolution on its Latin American
operations, as well as power struggles with competitors and
governments that eventually nationalized most of its activities.
Mr. Solberg covers the many years of internal conflict over oil
policy in Argentina and YPF's lack of monopoly control over all
sectors of the oil industry. Mr. Wirth describes the politics
and individuals behind the privatization of Brazil's oil
industry leading to the creation of Petrobras in 1953. Mr. Duran
notes the wrangling between provinces and central government in
the evolution of Pemex, and in other Latin American countries.
Mr. Lieuwin discusses the mixed blessing that oil has proven for
Venezuela., creating a lopsided economy dependent on the ups and
downs of international markets. Mr. Saunders concludes that many
of the then-current problems of the state oil companies were
rooted in their early and checkered histories." Indeed, he says,
"the problems of the past have endured not because the public
petroleum companies behaved like the public enterprises they
are; they have endured because governments, as public owners,
have abdicated their responsibilities to the companies."

Jonh D. Wirth is Gildred Professor of Latin American Studies at
Standford University.


                            *********

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

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

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2015.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

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