TCR_Public/150325.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, March 25, 2015, Vol. 19, No. 84

                            Headlines

ACTIVISION BLIZZARD: S&P Revises Outlook to Pos. & Affirms BB+ CCR
ALLIED NEVADA: Meeting of Creditors Set for April 15
ALLIED NEVADA: U.S. Trustee Forms Creditors' Committee
ALLISON TRANSMISSION: S&P Raises CCR to 'BB'; Outlook Stable
AMERICAN SPECTRUM: Ringstad & Sanders Withdraws as Ch. 11 Counsel

ATLANTIC CITY, NJ: Managers Propose Further Layoffs
BANKRATE INC: S&P Lowers CCR to 'B+' on Extended Investigations
BERNARD L. MADOFF: April 16 Hearing Set for Recovery Agreement
BLUE DOG AT 399: Case Summary & 5 Largest Unsecured Creditors
BPZ RESOURCES: Employs Houlihan Lokey as Financial Advisor

BPZ RESOURCES: Had $108 Million Net Loss in 2014
BPZ RESOURCES: Meeting of Creditors Set for May 12
BPZ RESOURCES: Seeks to Tap BakerHostetler as Special Counsel
C WONDER: Authorized to Sell Inventory to Marmaxx Group
C WONDER: Sells Interest in Soho Section to Landlord for $1.65M

C. WONDER: Consents to H.W.I. Int'l.'s Selling of 2,835 Garments
CAL COMMUNITY COLLABORATIVE: Hiring of Arias and Lockwood Okayed
CAL DIVE: Hires Carl Marks to Provide Crisis Managers and CRO
CAMBRIDGE CAPITAL: Marcum Expresses Going Concern Doubt
CERAMICA AZULEJOS: Case Summary & 20 Largest Unsecured Creditors

CHASSIX HOLDINGS: Has Interim OK to Ink Agreements with Customers
CHASSIX HOLDINGS: Has Interim OK to Pay $5MM to Critical Vendors
CHRYSLER GROUP: CEO Testimony Begins Trial Over Boy's Death in Jeep
CTI FOODS: S&P Affirms 'B' Corp. Credit Rating on Better Earnings
CYTORI THERAPEUTICS: KPMG LLP Expresses Going Concern Doubt

DENDREON CORP: Ernst & Young Approved as Tax Advisors
DORAL FINANCIAL: FDIC Files Statement Regarding Bank Receivership
DORAL FINANCIAL: Taps Garden City Group as Claims & Noticing Agent
ERWEE GROUP: Case Summary & Largest Unsecured Creditor
FEDERATION EMPLOYMENT: Has $10MM Financing From United Jewish

FEDERATION EMPLOYMENT: Section 341(a) Meeting Set for April 17
FEDERATION EMPLOYMENT: Taps JL Consulting as Financial Advisor
GO DADDY: S&P Puts 'B' Corp. Credit Rating on CreditWatch Positive
GT ADVANCED: U.S. Trustee Balks at Payment of Put Option Premium
GULFPORT ENERGY: S&P Revises Outlook to Pos. & Affirms 'B' CCR

IXIA: Receives NASDAQ Listing Non-Compliance Notice
KALOBIOS PHARMACEUTICALS: E&Y Expresses Going Concern Doubt
KARMALOOP INC: Proposes $30.9MM DIP Financing From Comvest
KARMALOOP INC: Proposes Rust Omni as Claims and Noticing Agent
KARMALOOP INC: Secures DIP Financing as Part of 363 Sale Process

KROGEN KOVE: Case Summary & 12 Largest Unsecured Creditors
LEWIS LUMBER: Case Summary & 20 Largest Unsecured Creditors
MANNKIND CORP: Deloitte & Touche Expresses Going Concern Doubt
NATROL INC: Amends Plan to Reduce Initial Equity Distribution
NJ HEALTHCARE: Section 341 Meeting of Creditors Set for April 22

NTELOS HOLDINGS: S&P Lowers CCR to 'B', Off Watch Negative
NVA HOLDINGS: S&P Assigns 'B' Corp. Credit Rating; Outlook Stable
OCATA THERAPEUTICS: BDO USA LLP Express Going Concern Doubt
OCWEN FINANCIAL: Shrinkage Continues as NYSE Threatens Delisting
PARK FLETCHER: Hires KC Cohen as Bankruptcy Counsel

PARK FLETCHER: Taps Richey Mills as Financial Advisor
PARK MERIDIAN: Files Updated Cash Collateral Budget
PETRO RIVER OIL: Reports $1.05-Mil. Net Loss For Q3 Ending Jan. 31
PLATTSBURG SUITES: Owners to Stay by Backstopping Payments
PLATTSBURG SUITES: Receiver Balks at Bid to Terminate Receivership

PLATTSBURGH SUITES: Bid to End Receivership Opposed
REVSTONE INDUSTRIES: Delaware Court Confirms Chap. 11 Plans
SARKIS INVESTMENTS: Judge Approves Wells Fargo Deal to Lift Stay
SARKIS INVESTMENTS: Signs Agreement With Wells Fargo to Lift Stay
SHALE HOLDINGS: Voluntary Chapter 11 Case Summary

SHIROKA DEVELOPMENT: Sale of Property to Fund Plan
SHIROKIA DEVELOPMENT: Taps Besen & Associates to Sell NY Property
SHOTWELL LANDFILL: SCG Won't Waive Poyner Spruill Conflict
SOBELMAR ANTWERP: Court Grants Interim Relief Request
STANDARD REGISTER: April 1 Hearing on Bidding Procedures

STANDARD REGISTER: Can Tap Prime Clerk as Claims & Noticing Agent
STANDARD REGISTER: Files First Omnibus Motion to Reject Leases
STANDARD REGISTER: Has Interim Approval of Equity Trading Protocol
STANDARD REGISTER: Has Interim OK to Pay $15MM to Vendors, Shippers
WASHINGTON MUTUAL: WMI Trust Provides Information on Escrow CUSIPs

WEST COAST GROWERS: Case Summary & 18 Top Unsecured Creditors
WEST COAST GROWERS: Files for Ch. 11 with $60M in Debt
WEST COAST GROWERS: Klein Denatale Serves as Counsel
WINLAND OCEAN: Hires Claro Group as Advisor & Robert Ogle as CRO
WINLAND OCEAN: Hires Okin & Adams as Counsel

[*] Alvarez & Marsal Launching Investment Management Arm
[*] Two Bankruptcy Attorneys Join McGlinchey's Louisiana Office

                            *********

ACTIVISION BLIZZARD: S&P Revises Outlook to Pos. & Affirms BB+ CCR
------------------------------------------------------------------
Standard & Poor's Ratings Services said that it revised its rating
outlook on Santa Monica, Calif.-based Activision Blizzard Inc. to
positive from stable.  At the same time, S&P affirmed its ratings
on the company, including the 'BB+' corporate rating.

"The outlook revision is based on the company's strong operating
results and good performance from several new titles (some of which
are likely to be new franchise titles)," said Standard & Poor's
credit analyst Andy Liu.  Additionally, the company's financial
policy has been fairly conservative: It applies a portion of its
discretionary cash flow toward debt reduction in excess of
scheduled amortization.

The 'BB+' corporate credit rating on Activision reflects S&P's
expectation for the company's operating performance (adjusting for
changes in its release slate) to remain stable.  The rating also
reflects the heightened competition for leisure time activity from
other electronic media, the increasing barriers to entry, the
intense industry rivalry between video game publishers, and the
unpredictable success of new video game titles that are not
franchise titles.

The rating outlook is positive.  S&P believes that Activision's
revenues will decline by a low-single-digit percentage in 2015 due
to changes in its release slate and unfavorable currency movements.
However, S&P believes that debt leverage will remain low.

S&P could raise the rating by one notch if Activision is able to
maintain operating momentum (subject to changes in its release
sales and unfavorable currency movements) with its core franchise
titles, if it continues to gain traction with its nascent titles
(such as Destiny and Hearthstone), and if it maintains its adjusted
debt leverage at below 1x.

The company's operating performance depends on several key video
game franchises, and their sales can fluctuate depending on
customer perception and reviews.  S&P could revise the outlook to
table or lower the rating if sales of one or more of these video
game franchises experience meaningful (and likely continuing)
declines without a new video game franchise to offset the decline,
pushing debt leverage above 2.5x on a sustained basis.  A shift in
financial policy to emphasize significantly higher cash return to
shareholders could also lead to a downgrade.  A long-term risk is
migration toward more simple, online video games.



ALLIED NEVADA: Meeting of Creditors Set for April 15
----------------------------------------------------
The meeting of creditors of Allied Nevada Gold Corp. is set to be
held on April 15, at 2:00 p.m. (prevailing Eastern Time), according
to a filing with the U.S. Bankruptcy Court for the District of
Delaware.

The meeting will be held at J. Caleb Boggs Federal Building, 5th
Floor, Room 5209, 844 King Street, in Wilmington, Delaware.

The court overseeing the bankruptcy case of a company schedules the
meeting of creditors usually about 30 days after the bankruptcy
petition is filed.  The meeting is called the "341 meeting" after
the section of the Bankruptcy Code that requires it.

A representative of the company is required to appear at the
meeting and answer questions under oath.  The meeting is presided
over by the U.S. trustee, the Justice Department's bankruptcy
watchdog.

                        About Allied Nevada

Allied Nevada Gold Corp. ("ANV"), a Delaware corporation, is a
publicly traded U.S.-based gold and silver producer engaged in
mining, developing and exploring properties in the State of Nevada.
ANV's common stock trades on the NYSE and the TSX.

ANV was spun off from Vista Gold Corp. in 2006 and began operations
in May 2007.  Nevada-based mining properties acquired from Vista
include the Hycroft Mine, an open-pit heap leach operation located
54 miles west of Winnemucca, Nevada.  ANV controls 75 exploration
properties throughout Nevada as of Dec. 31, 2014.

On March 10, 2015, ANV and 13 affiliated debtors each filed a
voluntary petition for relief under Chapter 11 of the United States
Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware.  The Debtors have requested that their cases
be jointly administered under Case No. 15-10503.  The cases are
assigned to Judge Mary F. Walrath.

The Debtors have tapped Blank Rome LLP and Akin Gump Strauss Hauer
& Feld LLP as attorneys; FTI Consulting Inc. as financial advisor;
Moelis & Company as financial advisor; and Prime Clerk LLC as
claims and noticing agent.

ANV disclosed $941 million in total assets and $664 million in
total debt as of Dec. 31, 2014.


ALLIED NEVADA: U.S. Trustee Forms Creditors' Committee
------------------------------------------------------
The U.S. trustee overseeing the Chapter 11 case of Allied Nevada
Gold Corp. appointed three creditors of the company to serve on the
official committee of unsecured creditors:

     (1) Computershare Trust Company of Canada
         Indenture Trustee
         Attn: Nicole Clement
         510 Burrard Street, 3rd Floor
         Vancouver, British Columbia
         Phone: 604-662-9591
         Fax: 604-661-9403

     (2) FLSmidth USA Inc.
         Attn: Mark Taylor
         7158 South FL Smidth Drive
         Midvale, UT 84047
         Phone: 801-871-7240
         Fax: 310-557-8982

     (3) International Lining Technology
         Attn: Becky Jenne
         850 Maestro Dr., 101
         Reno, NV 89511
         Phone: 775-284-2929
         Fax: 775-284-2930

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                        About Allied Nevada

Allied Nevada Gold Corp. ("ANV"), a Delaware corporation, is a
publicly traded U.S.-based gold and silver producer engaged in
mining, developing and exploring properties in the State of Nevada.
ANV's common stock trades on the NYSE and the TSX.

ANV was spun off from Vista Gold Corp. in 2006 and began operations
in May 2007.  Nevada-based mining properties acquired from Vista
include the Hycroft Mine, an open-pit heap leach operation located
54 miles west of Winnemucca, Nevada.  ANV controls 75 exploration
properties throughout Nevada as of Dec. 31, 2014.

On March 10, 2015, ANV and 13 affiliated debtors each filed a
voluntary petition for relief under Chapter 11 of the United States
Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware.  The Debtors have requested that their cases
be jointly administered under Case No. 15-10503.  The cases are
assigned to Judge Mary F. Walrath.

The Debtors have tapped Blank Rome LLP and Akin Gump Strauss Hauer
& Feld LLP as attorneys; FTI Consulting Inc. as financial advisor;
Moelis & Company as financial advisor; and Prime Clerk LLC as
claims and noticing agent.

ANV disclosed $941 million in total assets and $664 million in
total debt as of Dec. 31, 2014.


ALLISON TRANSMISSION: S&P Raises CCR to 'BB'; Outlook Stable
------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Indianapolis, Ind.-based Allison Transmission Inc. to
'BB' from 'BB-'.  The outlook is stable.

At the same time, S&P assigned its 'BB+' issue-level rating to the
company's proposed $470 million senior secured term loan and '2'
recovery rating, indicating S&P's expectation for substantial
(70%-90%; upper half of the range) recovery in the event of a
payment default.

S&P also revised its recovery rating on the company's existing
senior secured credit facilities to '2' from '1', indicating S&P's
expectation for substantial (70%-90%; upper half of the range)
recovery in the event of a payment default.  The issue-level
ratings on the senior secured credit facilities remain 'BB+'.

S&P also raised the rating on the company's senior unsecured notes
to 'BB-' from 'B+'.  The recovery rating remains '5', indicating
S&P's expectation for modest (10%-30%; lower half of the range)
recovery in the event of a payment default.  S&P expects to
withdraw the ratings on these notes once they are repaid.

"The upgrade reflects the improvement in Allison's credit metrics
and our expectation that they will remain appropriate for the
rating, despite our expectation of flat-to-slightly negative sales
growth in 2015," said Standard & Poor's credit analyst Robyn
Shapiro.

S&P assumes continued recovery in the company's North America
on-highway end market, a reduction in the U.S. defense spending,
continued weakness in the on-highway end market outside North
America, and lower demand for North America Hybrid-Propulsion
Systems for transit buses.  S&P expects that Allison will continue
generate free operating cash flow (FOCF) to total debt of 10% or
more, funds from operations (FFO) to debt will remain above 20%,
and debt to EBITDA will be 4x or less over the next year.

The stable rating outlook reflects S&P's expectation that Allison
will maintain these credit measures.  S&P believes the company's
tightly controlled cost structure will enable it to generate
positive FOCF, even if certain key end markets unexpectedly begin
to weaken, which S&P do not assume in its base case.

Though unlikely over the next 12 months, S&P could lower the rating
if commercial vehicle production in the company's end markets
unexpectedly declines, if margin deterioration leads to FOCF
generation that is significantly below S&P's expectations for
multiple quarters, or if S&P believes debt to EBITDA, including its
adjustments, would exceed 4x on a sustained basis, stemming from
lower profitability and weak demand.

Although also unlikely given the company's publicly stated leverage
targets of net leverage 3.0x-3.5x, S&P could raise the rating if it
expected the company to maintain FOCF to debt of at least 15%, FFO
to total debt of at least 30%, and leverage in the 2x-3x range.
S&P would also need to believe that the company intends to maintain
even more conservative financial policies and could also maintain
these metrics despite the industry's inherent cyclicality.



AMERICAN SPECTRUM: Ringstad & Sanders Withdraws as Ch. 11 Counsel
-----------------------------------------------------------------
Judge Scott C. Clarkson of the U.S. Bankruptcy Court for the
Central District of California, Santa Ana Division, discharged Todd
C. Ringstad, Esq., and his firm, Ringstad & Sanders LLP, from any
further obligations as counsel to American Spectrum Realty, Inc.

The order follows Ringstad's request to withdraw as counsel for the
Debtor due to its inability to effectively communicate with the
Debtor due to the failure of key management to respond to telephone
calls and email messages.  Moreover, Ringstad said the Debtor
failed to provide additional retainer as a condition of the firm's
engagement.

                  About American Spectrum Realty

American Spectrum Realty, Inc. -- http://www.asrmanagement.com/--

is a real estate investment company that owns, through an
operating
partnership, interests in office, industrial/commercial, retail,
self-storage, retail, multi-family properties and undeveloped land
throughout the United States.  American Spectrum Management Group,
Inc., a wholly-owned subsidiary of the Company, manages and leases
all properties owned by American Spectrum Realty, Inc. as well as
for third-party clients, totaling 7 million square feet in
multiple
states.  American Spectrum Realty was formed in 2000 and began
publicly trading on the New York Stock Exchange in 2001.

Alleged creditors -- namely, D&A Daily Mortgage Fund III, L.P.,
D&A
Semi-Annual Mortgage Fund III, L.P., and D&A Intermediate-Term
Mortgage Fund III, L.P. -- filed an involuntary Chapter 11
petition
for American Spectrum in Santa Ana, California, on Feb. 13, 2015
(Bankr. C.D. Cal. Case No. 15-10721).

The involuntary case is assigned to Judge Scott C Clarkson.

James C Bastian, Jr., Esq., and Melissa Davis Lowe, Esq., at
Shulman Hodges & Bastian LLP, in Irvine, California, serve as
counsel to the Petitioning Creditors.

American Spectrum has affiliates that have pending bankruptcy
cases.  One of them is Verdugo, LLC, a single asset real estate
that filed a Chapter 11 bankruptcy petition (Bank. C.D. Cal. Case
No. 15-10701) on Feb. 12, 2015.  The Debtor estimated assets of
$10
million to $50 million and liabilities of $1 million to $10
million.  Judge Scott C. Clarkson presides over the case.


ATLANTIC CITY, NJ: Managers Propose Further Layoffs
---------------------------------------------------
Josh Dawsey and Heather Haddon, writing for The Wall Street
Journal, reported that emergency managers appointed by New Jersey
Gov. Chris Christie to study Atlantic City's finances are proposing
more layoffs for the troubled seaside city but are stopping short
of recommending bankruptcy proceedings, according to people
familiar with the matter.

The Journal said the managers, who were tapped by the governor in
January, are expected to release their report in the coming days.
In addition to City Hall, the report will address the city’s
troubled schools, proposing cuts to close a budget shortfall as
well as the potential restructuring of contracts for school and
city employees, the Journal related.


BANKRATE INC: S&P Lowers CCR to 'B+' on Extended Investigations
---------------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its
corporate credit rating on North Palm Beach, Fla.-based Bankrate
Inc. to 'B+' from 'BB-'.  All of S&P's ratings on Bankrate remain
on CreditWatch with negative implications, where S&P had placed
them on Sept. 15, 2014, following the announced SEC and internal
investigations into financial reporting relating to the company's
2012 financials.

"The downgrade reflects our reassessment of Bankrate's management
and governance, which we revised to 'weak' from 'fair,'" said
Standard & Poor's credit analyst Jawad Hussain.  When the SEC and
internal investigations were announced in September 2014, S&P's
initial expectation was for it to be resolved in a within three to
six months and that the company would provide audited and revised
financial statements during that time.

"The recent SEC filing indicating the company's inability to file
its 2014 annual report suggests that the investigation will
continue beyond both our initial estimate and the March 31, 2015,
initial deadline outlined in the supplemental indenture to the
senior notes," said Mr. Hussain.  The unreliability of Bankrate's
financial statements dating back to 2011 creates uncertainty with
respect to its financial metrics.  The lack of clarity regarding
the investigation's scope and duration creates additional
uncertainty about the company's internal controls and financial
transparency, which was a determining factor in S&P's revised
management and governance assessment.

S&P aims to resolve the CreditWatch placement within the next three
months, after receiving the results of the SEC investigation and
the company's internal review.  According to the supplemental
indenture to the senior notes, Bankrate's second consent payment to
noteholders (which is payable on April 1, 2015) allows the company
until May 15, 2015, to deliver full-year audited financial
results.

If the conclusion of the SEC investigation and subsequent financial
restatements results in a material impact on the previous financial
statements or significant fines, S&P could lower the ratings
further.

If the SEC investigation is concluded with minimal impact on the
company, S&P could affirm the ratings.  On the other hand, if the
investigation goes beyond the May 15, 2015, deadline to produce
audited financial statements outlined in the supplemental indenture
to the senior notes, S&P could also consider suspending the rating
until the audited financial statements can be provided.



BERNARD L. MADOFF: April 16 Hearing Set for Recovery Agreement
--------------------------------------------------------------
Irving H. Picard, Securities Investor Protection Act (SIPA) Trustee
for the liquidation of Bernard L. Madoff Investment Securities LLC
(BLMIS), filed a motion on March 23 in the United States Bankruptcy
Court for the Southern District of New York seeking approval of a
recovery agreement with Defender Limited and related entities.
Defender was a Madoff feeder fund that deposited its assets with
BLMIS.

Under the terms of the agreement, the BLMIS Customer Fund will
benefit by $93 million, representing 100 percent of the fraudulent
transfers and preference payments which the SIPA Trustee sought to
recover from Defender.  In addition, the SIPA Trustee will allow
the Defender BLMIS customer claim in the amount of $522.8 million.

Once the claim is allowed, Defender is entitled to catch-up
payments from the five interim distributions the SIPA Trustee has
made to BLMIS victims to date.  Out of these catch-up payments, the
first $93 million will be used to pay the amount Defender owes to
the BLMIS Customer Fund.  As an allowed claimant, Defender will
receive future distributions along with all other BLMIS customers
with allowed claims who are not yet fully satisfied.

The settlement also will further the SIPA Trustee's avoidance and
recovery efforts through additional discovery in other adversary
proceedings in which the SIPA Trustee is seeking to recover more
than a half-billion dollars of customer property.

"The SIPA Trustee's settlement with the Defendants will result in a
significant, direct monetary benefit for the BLMIS Customer Fund,"
said Keith R. Murphy, partner at BakerHostetler, the
court-appointed counsel to the SIPA Trustee.  "This agreement
furthers the interest of BLMIS customers by recovering all of the
fraudulent transfers and preference payments alleged by the SIPA
Trustee, resolving claims between the SIPA Trustee and the
Defendants, and avoiding the cost and delay of what could otherwise
be lengthy and contentious litigation."

One hundred percent of the SIPA Trustee's recoveries will be
allocated to the Customer Fund for distribution to BLMIS customers
with allowed claims.  As of March 23, the SIPA Trustee has
recovered or reached agreements to recover approximately $10.64
billion and has distributed more than $7.2 billion, which includes
more than $823 million in committed advances from the Securities
Investor Protection Corporation (SIPC).

The costs associated with the SIPA Trustee's recovery and
settlement efforts are paid by SIPC, which administers a fund drawn
upon assessments on the securities industry.  No fees or other
costs of administration are paid from recoveries obtained by the
SIPA Trustee for the benefit of BLMIS customers with allowed
claims.

The SIPA Trustee's motion -- as well as information on overall
recoveries to date, ongoing legal actions, settlements, and other
issues -- can be found on the SIPA Trustee's website:
http://www.madofftrustee.com

The Bankruptcy Court will hold a hearing for approval of the
settlement motion on April 16, 2015 at 10 a.m.

In addition to Mr. Murphy, SIPA Trustee Irving H. Picard and his
Chief Counsel, David J. Sheehan, would like to thank SIPC counsel
Kevin Bell and Nathanael Kelley who worked on this agreement, as
well as the BakerHostetler attorneys who worked on both the Picard
v. Defender adversary proceeding as well as the resulting
settlement: Oren J. Warshavsky, Frederick W. Chockley III, John J.
Burke, Katherine L. McKnight and Dena S. Kessler.

                    About Bernard L. Madoff

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

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

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

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

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

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims.  The fifth pro
rata interim distribution slated of Jan. 15, 2015, totaled
$322 million, and brought the amount distributed to eligible
claimants to $7.2 billion, which includes more than $823 million in
advances committed to the SIPA Trustee for distribution to allowed
claimants by the SIPC.

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


BLUE DOG AT 399: Case Summary & 5 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Blue Dog at 399 Inc.
        2440 Broadway, Suite 280
        New York, NY 10024

Case No.: 15-10694

Nature of Business: Restaurant, Catering

Chapter 11 Petition Date: March 24, 2015

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

Judge: Hon. Michael E. Wiles

Debtor's Counsel: Paul R. DeFilippo, Esq.
                  WOLLMUTH MAHER & DEUTSCH LLP
                  500 Fifth Avenue, 12th Floor
                  New York, NY 10110
                  Tel: (212) 382-3300
                  Fax: (212) 382-0050
                  Email: pdefilippo@wmd-law.com

Debtor's          SEYFARTH SHAW LLP
Special
Litigation
Counsel:

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Elizabeth Slavutsky, sole director and
shareholder.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/nysb15-10694.pdf


BPZ RESOURCES: Employs Houlihan Lokey as Financial Advisor
----------------------------------------------------------
BPZ Resources, Inc., seeks authority from the U.S. Bankruptcy Court
for the Southern District of Texas, Victoria Division, to employ
Houlihan Lokey Capital, Inc., as financial advisor and investment
banker.

The services to be provided by Houlihan Lokey include the
following:

   (a) assisting the Company in the development and distribution of
selected information, documents and other materials, including, if
appropriate, advising the Company in the preparation of an offering
memorandum;  

   (b) assisting the Company in soliciting, coordinating and/or
evaluating indications of interest and proposals regarding any
Transaction(s) from current and/or potential lenders, equity
investors, acquirers and/or strategic partners;

   (c) assisting the Company with the negotiation of any
Transaction(s), including participating in negotiations with
creditors and other parties involved in any Transaction(s);  

   (d) providing expert advice and testimony regarding financial
matters related to any Transaction(s), if necessary;

   (e) attending meetings of the Company's Board of Directors,
creditor groups, official constituencies and other interested
parties, as the Company and Houlihan Lokey mutually agree; and  

   (f) providing other financial advisory and investment banking
services as may be required by additional issues and developments
not anticipated on the Effective Date.

On Dec. 3, 2014, the Company engaged Houlihan Lokey to provide
general investment banking and financial advice in connection with
the Debtor's attempts to complete a strategic restructuring,
reorganization and/or recapitalization of all or a significant
portion of the Debtor's outstanding indebtedness, as well as to
prepare for the potential commencement of the Chapter 11 case.  On
March 9, 2015, the Company and Houlihan Lokey amended the terms of
the engagement to include services relating to a sale transaction.


Prior to the Petition Date and under the terms of the Engagement
Agreements, the Debtor paid Houlihan Lokey fees of $600,000, for
services rendered, and for reasonable out-of-pocket expenses
related thereto of $44,104.

The Company has agreed to pay Houlihan Lokey during the Chapter 11
case the following:

   -- a non-refundable cash fee of $150,000;

   -- a non-refundable cash fee of $150,000 upon the first monthly
anniversary of the effective date and on every monthly anniversary
of the effective date during the term of the engagement agreement;

   -- a cash fee of $1,750,000 upon the earliest to occur of: (i)
in the case of an out-of-court restructuring transaction, the
consummation of that transaction, and (ii) in the case of an
in-court restructuring transaction, the date of confirmation of a
plan of reorganization under Chapter 11;

   -- upon the closing of a financing transaction, other than a
debtor-in-possession financing, a cash fee of: (i) 2.0% of the
gross proceeds of any indebtedness raised or committed that is
senior to other indebtedness of the Company; (ii) 2.5% of the gross
proceeds of any indebtedness raised or committed that is secured by
a lien, is unsecured, and/or is subordinated; and (iii) 5.0% of the
gross proceeds of all equity or equity-linked securities placed or
committed; and

   -- upon the closing of a sale transaction, a cash fee of
$1,750,000.

In addition to all of the fees, the Debtor will reimburse Houlihan
Lokey for its reasonable out-of-pocket expenses.

John-Paul Hanson, a managing director of Houlihan Lokey Capital,
Inc., assures the Court that his firm is a "disinterested person,"
as the term is defined in Section 101(14) of the Bankruptcy Code,
as modified by Section 1107(b), and does not hold nor represent any
interest adverse to the Debtor and its estate.

Mr. Hanson may be reached at:

         John-Paul Hanson
         Managing Director
         HOULIHAN LOKEY CAPITAL, INC.
         Tel: (212) 497-4262

                        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.


BPZ RESOURCES: Had $108 Million Net Loss in 2014
------------------------------------------------
BPZ Energy reported a net loss of $107.9 million on $83.9 million
in revenue for the year ended Dec. 31, 2014, compared to a net loss
of $57.7 million on $50.7 million of revenues in the  same period
last year.

The Company's balance sheet at Dec. 31, 2014, showed $291 million
in total assets, $258 million in total liabilities, and
stockholders' equity of $33.4 million.

BDO USA LLP expressed substantial doubt about the Company's ability
to continue as a going concern, citing that the Company failed to
make a required payment on certain of its outstanding debt
obligations subsequent to Dec. 31, 2014, and filed a voluntary
petition for relief under Chapter 11 of the Bankruptcy Code on
March 9, 2015.

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

                        http://is.gd/9xTs0N

                        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.



BPZ RESOURCES: Meeting of Creditors Set for May 12
--------------------------------------------------
The meeting of creditors of BPZ Resources Inc. is set to be held on
May 12, at 10:00 a.m., according to a filing with the U.S.
Bankruptcy Court for the Southern District of Texas.

The meeting will be held at Suite 3401, 515 Rusk Avenue, in
Houston, Texas.

The court overseeing the bankruptcy case of a company schedules the
meeting of creditors usually about 30 days after the bankruptcy
petition is filed.  The meeting is called the "341 meeting" after
the section of the Bankruptcy Code that requires it.

A representative of the company is required to appear at the
meeting and answer questions under oath.  The meeting is presided
over by the U.S. trustee, the Justice Department's bankruptcy
watchdog.

                        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.


BPZ RESOURCES: Seeks to Tap BakerHostetler as Special Counsel
-------------------------------------------------------------
BPZ Resources, Inc., seeks authority from the U.S. Bankruptcy Court
for the Southern District of Texas, Victoria Division, to employ
Baker & Hostetler LLP as special counsel.

Attorneys at BakerHostetler have served as counsel to the Debtor
and its Board of Directors for years, and Debtor wishes to have the
firm continue in that role post-petition.

The Debtor seeks to retain BakerHostetler to provide services that
may become necessary during the course of this case, including, but
not limited to, the following:

   (a) To advise and provide corporate advice to the Debtor as may
be necessary and appropriate;

   (b) To advise the Board and any committees thereof with respect
to matters and proceedings in the bankruptcy case;

   (c) To advise the Board with respect to their duties to the
bankruptcy estate and other creditors;

   (d) To advise and represent the Board with regard to motions and
other developments in the bankruptcy case and other related
matters;

   (e) To advise the Board with respect to potential actions and/or
claims against the Debtor, third parties and/or insiders of the
Debtor; and

   (f) To advise and represent the Board with regard to the
negotiation and confirmation of any plan of reorganization.

BakerHostetler has agreed to undertake the matter at the standard
hourly rates for its attorneys and paraprofessionals, which range
from $350 to $875 per hour.  BakerHostetler will also bill the
bankruptcy estate for all reasonable and necessary out-of-pocket
expenses incurred as permitted by applicable provisions of the
Bankruptcy Code, Bankruptcy Rules, and UST Guidelines.  The firm
has received a retainer of $54,205 to serve as special counsel in
this case.

Bryce Linsenmayer, a partner at BakerHostetler, in Houston, Texas,
assures the Court that his firm does not hold or represent an
interest adverse to the Debtor or its estate, and is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

Mr. Linsenmayer may be reached at:

         Bryce Linsenmayer, Esq.
         BAKER & HOSTETLER LLP
         811 Main Street
         Suite 1100
         Houston, TX 77002-6111
         Tel: (713) 276-1686
         Fax: (713) 751-1717
         E-mail: blinsenmayer@bakerlaw.com

                        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.


C WONDER: Authorized to Sell Inventory to Marmaxx Group
-------------------------------------------------------
U.S. Bankruptcy Judge Michael B. Kaplan authorized C. Wonder LLC,
et al., to sell certain inventory to the MarMaxx Group.

The Debtors, in their motion, stated that in addition to
liquidating their inventory through the going out of business
stores, the Debtors have been soliciting offers for the sale, in
bulk, of approximately 70,000 units of inventory consisting of
certain apparel and home fashions products.

The Debtors contacted several off-price retailers of apparel and
home fashions including Burlington Coat Factory and MarMaxx
regarding the sale of the inventory.  Both Burlington and MarMaxx
submitted offers for the inventory.  

The offer submitted by MarMaxx for the inventory at $5.90 per unit
was the highest and best offer received.

                          About C. Wonder

Founded by J. Christopher Burch in 2010, C. Wonder is a specialty
retailer with retail stores in the United States.  With
headquarters in New York, the company sells women's clothing,
jewelry, shoes, handbags and other accessories as well as select
home goods under the C. Wonder brand.  The Company maintains two
distribution centers in New Jersey.

The Company opened its first retail store in New York in 2011.  By
2014, the Company had expanded its operations to include 29
locations across 13 states including its flagship location in
Soho, New York.  Amid mounting losses, C. Wonder closed 16 of its
retail stores by the end of 2014.   C. Wonder closed 9 additional
stores in January 2015.  As of the bankruptcy filing, C. Wonder had
four retail stores in the U.S. (Soho, Flat Iron, Time Warner Center
and Manhasset).

C. Wonder LLC and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 15-11127) in Trenton, New
Jersey on Jan. 22, 2015.  The cases are assigned to Judge Michael
B. Kaplan.

The Debtors have tapped Cole, Schotz, Meisel, Forman & Leonard,
P.A., as counsel, and Marotta, Gund, Budd & Dzera, LLC, as crisis
management services provider.

As of the Filing Date, the Debtors had assets with a book value of
$43.7 million and liabilities of $61.0 million.

The U.S. Trustee for Region 3 has appointed three members to the
Official Committee of Unsecured Creditors.  The Creditors'
Committee has tapped Porzio, Bromberg & Newman, P.C., as counsel,
and CBIZ Accounting, Tax & Advisory of New York, LLC, as financial
advisors.



C WONDER: Sells Interest in Soho Section to Landlord for $1.65M
---------------------------------------------------------------
U.S. Bankruptcy Judge Michael B. Kaplan entered an order
authorizing C. Wonder LLC, et al., to sell their interest in their
nonresidential real property lease in the Debtors' flagship
location in the Soho section of lower Manhattan in New York City,
to Spring Street Co. LLC, through its agent The Propeller Co.
("landlord").

The landlord's offer at $1,650,000 bid was determined as the
successful bid at an auction held on March 12, 2015.

The Debtors were authorized to sell and assign their interest in
the lease pursuant to the terms of the asset purchase agreement
dated of March 8, 2015, between landlord and Debtor.

Apoposh was approved as the alternate bidder at the sum of
$1,600,000.  The break-up fee in the amount of $50,000 to Apoposh
is approved.

On Feb. 18, the Court authorized the Debtors to sell their interest
in their nonresidential real property lease at an auction led by
Apoposh as stalking horse bidder.  Pursuant to the APA with dated
Feb. 10, 2015, Apoposh was to open the auction with its offer of
$1,200,000.

                          About C. Wonder

Founded by J. Christopher Burch in 2010, C. Wonder is a specialty
retailer with retail stores in the United States.  With
headquarters in New York, the company sells women's clothing,
jewelry, shoes, handbags and other accessories as well as select
home goods under the C. Wonder brand.  The Company maintains two
distribution centers in New Jersey.

The Company opened its first retail store in New York in 2011.  By
2014, the Company had expanded its operations to include 29
locations across 13 states including its flagship location in Soho,
New York.  Amid mounting losses, C. Wonder closed 16 of its retail
stores by the end of 2014.   C. Wonder closed 9 additional stores
in January 2015.  As of the bankruptcy filing, C. Wonder had four
retail stores in the U.S. (Soho, Flat Iron, Time Warner Center and
Manhasset).

C. Wonder LLC and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 15-11127) in Trenton, New
Jersey on Jan. 22, 2015.  The cases are assigned to Judge Michael
B. Kaplan.



C. WONDER: Consents to H.W.I. Int'l.'s Selling of 2,835 Garments
----------------------------------------------------------------
C. Wonder LLC, et al., and the Official Committee of Unsecured
Creditors notified the Bankruptcy Court that they consented
creditor H.W.I. International, Inc., to:

   -- fill the purchase order which it received from the Two Way
Streets of Seventh Avenue, the purchaser; and

   -- ship to the purchaser the 2,385 garments which had been
prepared by H.W.I. to be shipped to the Debtor.

The Debtor related that they had advised H.W.I. that it does not
desire to accept delivery of certain garments (total price $55,159)
which were ordered prepetition.

In this connection, H.W.I. has received an offer from the purchaser
to purchase a portion of the garments which had been ordered by the
Debtor prior to the filing.  H.W.I. desires to accept the order
from the purchaser and to ship to the garments at a total selling
price of $7,155.

In order to effect the sale, H.W.I. requires the consent and
approval of the Debtor to ship such goods to the purchaser with the
trade name and trademarks of the Debtor as same have been affixed
to the garments.

The Debtor and H.W.I. have agreed that the net proceeds of the sale
will reduce the dollar amount of the proof of claim to be filed by
H.W.I. against the Debtor.

The Debtors' attorneys can be reached at:

         Felice Yudkin, Esq.
         COLE SCHOTZ, P.C.
         Office and Post Office Address
         25 Main Street
         Hackensack, NJ 07601
         Tel: (201) 489-3000

The Committee's attorneys can be reached at:

         John S. Mairo, Esq.
         PORZIO BROMBERG & NEWMAN P.C.
         Office and Post Office Address
         100 South Gate Parkway
         Morristown, NJ 07962-1997
         Tel: (973) 538-4006

                          About C. Wonder

Founded by J. Christopher Burch in 2010, C. Wonder is a specialty
retailer with retail stores in the United States.  With
headquarters in New York, the company sells women's clothing,
jewelry, shoes, handbags and other accessories as well as select
home goods under the C. Wonder brand.  The Company maintains two
distribution centers in New Jersey.

The Company opened its first retail store in New York in 2011.  By
2014, the Company had expanded its operations to include 29
locations across 13 states including its flagship location in Soho,
New York.  Amid mounting losses, C. Wonder closed 16 of its retail
stores by the end of 2014.   C. Wonder closed 9 additional stores
in January 2015.  As of the bankruptcy filing, C. Wonder had four
retail stores in the U.S. (Soho, Flat Iron, Time Warner Center and
Manhasset).

C. Wonder LLC and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 15-11127) in Trenton, New
Jersey on Jan. 22, 2015.  The cases are assigned to Judge Michael
B. Kaplan.

The Debtors have tapped Cole, Schotz, Meisel, Forman & Leonard,
P.A., as counsel, and Marotta, Gund, Budd & Dzera, LLC, as crisis
management services provider.

As of the Filing Date, the Debtors had assets with a book value of
$43.7 million and liabilities of $61.0 million.

The U.S. Trustee for Region 3 has appointed three members to the
Official Committee of Unsecured Creditors.  The Creditors'
Committee has tapped Porzio, Bromberg & Newman, P.C., as counsel,
and CBIZ Accounting, Tax & Advisory of New York, LLC, as financial
advisors.



CAL COMMUNITY COLLABORATIVE: Hiring of Arias and Lockwood Okayed
----------------------------------------------------------------
California Community Collaborative, Inc. sought and obtained
permission from the Hon. Christopher M. Klein of the U.S.
Bankruptcy Court for the Eastern District of California to employ
Christopher D. Lockwood of Arias and Lockwood as special counsel
for certain state-court litigation, effective Feb. 23, 2015.

Arias and Lockwood will bill the Debtor at its customary hourly
rates for professional services rendered.

Arias and Lockwood will also be reimbursed for reasonable
out-of-pocket expenses incurred.

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

       Christopher D. Lockwood, Esq.
       ARIAS AND LOCKWOOD
       355 S. Grand Avenue, Suite 2450
       Los Angeles, CA 90071
       Tel: (213) 943-1317

                       About California Community

California Community Collaborative filed a Chapter 11 bankruptcy
petition (Bankr. E.D. Cal. Case No. 14-26351) on June 17, 2014.
Merrell G. Schexnydre, the company's president, signed the
petition.  The Debtor estimated assets of at least $10 million and
liabilities of $1 million to $10 million.  The Debtor is
represented by Meegan, Hanschu & Kassenbrock.  Judge Christopher M.
Klein presides over the case.  On Jan. 14, 2014, Kristina M.
Johnson was appointed the Chapter 11 trustee.


CAL DIVE: Hires Carl Marks to Provide Crisis Managers and CRO
-------------------------------------------------------------
Cal Dive International, Inc. and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the District of
Delaware to employ Carl Marks Advisory Group LLC ("CMAG") as crisis
managers for the Debtors and appoint F. Duffield Meyercord as chief
restructuring officer of the Debtors, nunc pro tunc to March 12,
2015.

The Debtors propose to appoint Mr. Meyercord as CRO and to retain
CMAG to provide the Additional Personnel on the terms and
conditions set forth in the Retention Agreement.  Working with the
Debtors' senior management team and the Debtors' boards of
directors, as well as the Debtors' other professionals, the
Engagement Personnel will assist the Debtors in evaluating and
implementing strategic and tactical options throughout the chapter
11 process.

The Engagement Personnel will support the Debtors in, among other
things:

   (a) managing and coordinating the Debtors' compliance with the
       milestones set forth in its DIP Facility Agreement,
       including sales of assets as provided therein;

   (b) managing the process for the Debtors' engagement of
       brokers, investment bankers and other professionals in
       connection with the asset sales;

   (c) providing comprehensive restructuring advisory and crisis
       management services;

   (d) reviewing the Debtors' current financial condition and the
       related financial projections along with their underlying
       assumptions, and assisting in preparing financial
       information for distribution to the Debtors' constituents,
       the DIP Lenders, and the second lien administrative agent,
       including, without limitation, cash flow projections and
       budgets, cash receipts and disbursement analysis, analysis
       of various asset and liability accounts, and analysis of
       proposed transactions for which the Debtors seek Bankruptcy

       Court approval;

   (e) reviewing, analyzing, and, if necessary, assisting in
       developing cash flow forecasts and liquidity budgets to
       help manage cash and monitor DIP financing as necessary;
  
   (f) advising the Debtors on negotiations with key constituents;

   (g) assisting in and advising the Debtors in formulating and
       implementing a cost reduction plan, including actions that
       may involve operational changes and rejection of executory
       contracts that may be possible in chapter 11;

   (h) assisting the Debtors in formulating and negotiating an
       acceptable chapter 11 plan and preparing a disclosure
       statement;

   (i) assisting management in developing presentations regarding
       the status of restructuring activities and the Debtors'
       current or future financial performance, as Cal Dive
       requests;

   (j) participating in conference calls and attending meetings of

       Cal Dive's Board of Directors, creditors, or other parties
       in interest;

   (k) participating in biweekly conference calls with the
       Debtors' DIP Lenders and the second lien administrative
       agent;

   (l) providing management assistance and/or stepping into
       certain management or executive roles in the event there
       are executive departures;

   (m) assisting in coordinating the Debtors' reporting
       requirements under their existing debtor-in-possession
       financing obligations, as requested;

   (n) providing administrative support for the Debtors' chapter
       11 cases and proposed asset sales;

   (o) providing post-closing support for any potential sales;

   (p) providing valuation services, as required on a mutually
       agreeable fee basis, including expert testimony in
       preparation for contested hearings and trials; and

   (q) performing such other tasks and duties related to this
       engagement as are directed by Cal Dive and are reasonably
       acceptable to CMAG.

The terms of the retention of the Engagement Personnel are set
forth in detail in the Retention Agreement and are summarized as
follows:

   -- Term. Upon approval by the Court, the Retention Agreement
      will be deemed to have commenced on March 12, 2015. Either
      Cal Dive or CMAG may terminate the Retention Agreement for
      any reason upon 10 business days' written notice to the
      other party.

   -- Fees. Cal Dive will pay CMAG a monthly advisory fee of
      $315,000, prorated to $203,226 for March 2015, and prorated
      accordingly for the last month of the Retention Agreement,
      commencing on March 12, 2015, and concluding on the date the

      Retention Agreement is terminated. Upon this Court's
      approval of the Retention Agreement, Cal Dive will pay CMAG
      a $35,000 retainer.

   -- Expenses. In addition to the fees set forth above, CMAG will

      bill for reasonable and documented out-of-pocket expenses it

      incurs in the performance of its duties under the Retention
      Agreement.

   -- Indemnification. Cal Dive will indemnify Mr. Meyercord and
      CMAG personnel solely to the extent indemnification is
      provided for Cal Dive's other officers and directors as
      provided for in Cal Dive's corporate bylaws, under
      applicable state law, and in Cal Dive's existing insurance
      policies.

Carl Marks will also be reimbursed for reasonable out-of-pocket
expenses incurred.

F. Duffield Meyercord, partner of Carl Marks, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

The Court for the District of Delaware will hold a hearing on the
application on April 6, 2015, at 10:00 a.m.  Objections, if any,
are due March 30, 2015, at 4:00 p.m.

Carl Marks can be reached at:

       F. Duffield Meyercord
       CARL MARKS ADVISORY GROUP LLC
       900 Third Avenue
       33rd Floor
       New York, NY 10022
       Tel: (212) 909-8400
       E-mail: dmeyercord@carlmarks.com

                    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.


CAMBRIDGE CAPITAL: Marcum Expresses Going Concern Doubt
-------------------------------------------------------
Cambridge Capital Acquisition Corporation filed with the U.S.
Securities and Exchange Commission its annual report on Form 10-K
for the year ended Dec. 31, 2014.

Marcum LLP expressed substantial doubt about the Company's ability
to continue as a going concern, citing that the Company has no
present revenue and the Company's cash and working capital as of
Dec. 31, 2014 are not sufficient to complete its planned activities
for the upcoming year.

The Company reported a net loss of $915,000 for the fiscal year
ended Dec. 31, 2014, compared with a net loss of $8,300 in the
prior year.

The Company's balance sheet at Dec. 31, 2014, showed $81.4 million
in total assets, $235,000 in total liabilities, $76.2 million in
common stock and total stockholders' equity of $5 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/fmGhFJ
                          
Cambridge Capital Acquisition Corp. operates as a blank check
company.  The company formed for the purpose of entering into a
merger, share exchange, asset acquisition, stock purchase,
recapitalization, reorganization and other similar business
combination.  Cambridge Capital Acquisition was founded on October
1, 2013 and is headquartered in West Palm Beach, FL.


CERAMICA AZULEJOS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Ceramica, Azulejos, Terrazos, Inc.
           dba Losetas El Italiano
        P.O. Box 4315
        Bayamon, PR 00958-4315

Case No.: 15-02085

Chapter 11 Petition Date: March 23, 2015

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Debtor's Counsel: Nilda M. Gonzalez Cordero, Esq.
                  GONZALEZ CORDERO LAW OFFICES
                  PO Box 3389
                  Guaynabo, PR 00970
                  Tel: 787-721-3437
                  Email: ngonzalezc@ngclawpr.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $10 million $50 million

The petition was signed by Maria Lizbeth Fernandez Santos,
secretary.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb15-02085.pdf


CHASSIX HOLDINGS: Has Interim OK to Ink Agreements with Customers
-----------------------------------------------------------------
Judge Michael E. Wiles of the U.S. Bankruptcy Court for the
Southern District of New York gave Chassix Holdings, Inc., et al.,
interim authority to enter into accommodation agreements with
General Motors LLC, Ford Motor Company, FCS US LLC, f/k/a Chrysler
Group LLC, and Nissan North America, Inc.

These automakers are among the Debtors' largest OEM customers,
according to court papers.  The Debtors' contracted programs relate
to nearly all of the high volume vehicles produced in North
America, including, without limitation:

   (a) Chrysler: Jeep Grand Cherokee, Chrysler 300, Dodge
Challenger, Dodge Charger, Dodge Durango and Dodge Ram;

   (b) GM: Chevy Cruze, Chevy Malibu, Chevy Impala, Chevy
Silverado, GMC Sierra, Chevy Tahoe, GMC Yukon, Cadillac Escalade,
GMC Acadia, Buick Enclave, Chevy Corvette, Cadillac SRX, Cadillac
XTS and Chevy Traverse;

   (c) Ford: F-150, Fusion, Explorer, Mustang, Taurus, Edge and
Transit; and

   (d) Nissan: Altima, Maxima, Rogue and Pathfinder.

A copy of the Debtors' motion is available for free at
http://bankrupt.com/misc/Chassix_Accommodation_Motion.pdf

A hearing to consider entry of an order granting the relief in the
Motion on a final basis will be held on April 7, 2015, at 11:00
a.m. (Prevailing Eastern Time), and any objections or responses to
the Motion must be filed so as to be received no later than March
30.

                      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 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.


CHASSIX HOLDINGS: Has Interim OK to Pay $5MM to Critical Vendors
----------------------------------------------------------------
Judge Michael E. Wiles of the U.S. Bankruptcy Court for the
Southern District of New York gave Chassix Holdings, Inc., et al.,
interim authority to critical vendor claims in an amount not to
exceed $5 million.

The Debtors are seeking authority, based on their business
judgment, to pay critical vendors all or a portion of their
critical vendor claim in return for the continued supply of
critical goods and supplies (even if not on the customary
trade terms).  Following an extensive evaluation by the members of
the Vendor Contingency Team, the Debtors estimate that the
aggregate amount owed to Critical Vendors for goods delivered or
services provided during the period before the Commencement Date
should not exceed $40 million (the "Critical Vendor Cap").  Of this
amount, the Debtors are requesting authority to pay approximately
$16 million of Critical Vendor Claims prior to the final hearing.

According to the Interim Order, the Debtors are directed to
undertake all appropriate efforts to cause the critical vendors,
including those with claims under Section 503(b)(9) of the
Bankruptcy Code to enter into an agreement in terms favorable to
the Debtors.

Judge Wiles also gave the Debtors interim authority to (i) pay,
perform and honor prepetition tooling and warranty program
obligations, and (ii) continue, renew, replace, implement new, and
terminate the tooling and warranty programs in the ordinary course
of business.

The final hearing on the motions will be held on April 7, 2015, at
11:00 a.m. (Eastern Time), and any objections to the final approval
of the requests must be received no later than March 30.

                      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.



CHRYSLER GROUP: CEO Testimony Begins Trial Over Boy's Death in Jeep
-------------------------------------------------------------------
Mike Spector and Christina Rogers, writing for The Wall Street
Journal, reported that Fiat Chrysler CEO Sergio Marchionne said the
automaker conducted a "thorough review" of older Jeeps and the
design of their fuel tanks is "not a safety defect."

According to the Journal, Mr. Marchionne's testimony was given in
the trial of a wrongful-death lawsuit over a four-year old boy
killed in a rear-end Jeep crash in 2012.  Lawyers for the boy's
family, which alleges Chrysler was responsible for his wrongful
death, played a videotaped deposition of Mr. Marchionne for a
jury.

                      About Chrysler Group

Chrysler Group LLC, formed in 2009 from a global strategic
alliance with Fiat Group, produces Chrysler, Jeep(R), Dodge, Ram
Truck, Mopar(R) and Global Electric Motorcars (GEM) brand vehicles
and products.  Headquartered in Auburn Hills, Michigan, Chrysler
Group LLC's product lineup features some of the world's most
recognizable vehicles, including the Chrysler 300, Jeep Wrangler
and Ram Truck.  Fiat will contribute world-class technology,
platforms and powertrains for small- and medium-sized cars,
allowing Chrysler Group to offer an expanded product line
including environmentally friendly vehicles.

Chrysler LLC and 24 affiliates on April 30, 2009, sought Chapter
11 protection from creditors (Bankr. S.D.N.Y (Mega-case), Lead
Case No. 09-50002).  The U.S. and Canadian governments provided
Chrysler with $4.5 billion to finance its bankruptcy case.

In connection with the bankruptcy filing, Chrysler reached an
agreement to sell all assets to an alliance between Chrysler and
Italian automobile manufacturer Fiat.  Under the terms approved by
the Bankruptcy Court, the company formerly known as Chrysler LLC
in June 2009, formally sold substantially all of its assets to the
new company, named Chrysler Group LLC.

In January 2014, the American car manufacturer officially became
100% Italian when Fiat Spa completed its deal to purchase the 40%
it did not already own of Chrysler.  Fiat has shared ownership of
Chrysler with the health care fund of the United Automobile
Workers unions since Chrysler emerged from bankruptcy in 209.

                           *     *     *

Standard & Poor's Ratings Services raised its ratings on U.S.-
based auto manufacturer Chrysler Group LLC, including the
corporate credit rating to 'BB-' from 'B+' in mid-January 2014.
The outlook is stable.


CTI FOODS: S&P Affirms 'B' Corp. Credit Rating on Better Earnings
-----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed all ratings on
Idaho-based CTI Foods Holding Co. LLC, including the 'B' corporate
credit rating on the company.  The outlook is stable.

The ratings reflect CTI's narrow product focus, small market
position, exposure to volatile commodity/input costs, and high
customer concentration, partially offset by its long term
relationships with key customers and pass-through pricing
mechanisms on the majority of its customer contracts.  These
factors support S&P's "vulnerable" business risk assessment.

The ratings also reflect CTI's financial sponsor ownership and the
company's high leverage, with debt to EBITDA of 10.2x.  S&P treats
the proposed preferred stock units as 100% debt-like under its
hybrid capital criteria.  Although S&P recognizes the preferred
stock provides the company with some financial flexibility, such as
no maturity and the ability to accrue its preferential return, S&P
treats the preferred units as 100% debt in its financial ratios
based primarily on S&P's belief that the preferred units are
unlikely to be a permanent part of the company's capital structure.
These factors support S&P's "highly leveraged" financial risk
assessment.

CTI is a small player in the U.S. food-prepared-away-from-home
market, and, in S&P's view, has very limited product, geographic,
and customer diversity.  The company primarily manufactures
processed food items for the restaurant industry, including
precooked products and uncooked frozen meat products.  Many of its
products are custom developed to meet specific customer
requirements.  CTI's pricing structure with the majority of its
customers involves pass-through pricing, which reduces its exposure
to raw material cost fluctuations.  The company has some geographic
concentration, focusing its operations in the western and
southwestern regions of the U.S.

The stable outlook reflects Standard & Poor's expectation that CTI
will continue to grow EBITDA with cost savings and customer
expansion.



CYTORI THERAPEUTICS: KPMG LLP Expresses Going Concern Doubt
-----------------------------------------------------------
Cytori Therapeutics filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K for the fiscal year ended
Dec. 31, 2014.

KPMG LLP expressed substantial doubt about the Company's ability to
continue as a going concern, citing that the Company has recurring
losses from operations, liquidity position, and debt service
requirements.

The Company reported a net loss of $37.4 million on $4.95 million
in revenue for the year ended Dec. 31, 2014, compared to a net loss
of $26.2 million on $7.12 million of revenue in the same period
last year.

The Company's balance sheet at Dec. 31, 2014, showed $38.7 million
in total assets, $44.4 million in total liabilities, and a
stockholders' deficit of $5.7 million.

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

                        http://is.gd/drgpTh

                           About Cytori

Based in San Diego, California, Cytori Therapeutics (NASDAQ: CYTX)
-- http://www.cytori.com/-- is an emerging leader in providing  
patients and physicians around the world with medical
technologies, which harness the potential of adult regenerative
cells from adipose tissue.  The Company's StemSource(R) product
line is sold globally for cell banking and research applications.


DENDREON CORP: Ernst & Young Approved as Tax Advisors
-----------------------------------------------------
Dendreon Corporation, et al., sought and obtained authority from
the U.S. Bankruptcy Court for the District of Delaware to employ
Ernst & Young LLP as their tax advisors, nunc pro tunc to the
November 10, 2014.

Ernst & Young will render various services to the Debtors.  A
description of each of the Services is summarized:

   A. Tax Compliance Services;

   B. Expatriate Tax Services;

   C. Transfer Pricing Benchmarking Study;

   D. Project Drone Tax Assistance;

   E. Georgia Business Tax Credits Services;

   F. Routine On-Call Advisory Services;

   G. Access to Audit Work Papers; and

   H. German Tax Compliance Services.

Carl Mackleit, a Partner in Ernst & Young's Seattle office, assures
the Court that it is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

The Debtors will pay EY LLP of $60,000 for the tax compliance
Services, provided that EY receives all information necessary for
the completion of the returns (in electronic form, where requested)
by June 1, 2015.  Additional state returns, if required, will be
$1,500 for each state. Additional Forms 5471, if required, will be
$1,500 for each form.

The rates, by level of tax professional, are:

  Title                                         Rate Per Hour
  -----                                         -------------     
National Executive Director/Principal/Partner            $930
Executive Director/Principal/Partner             $715 to $815
Senior Manager                                   $645 to $670
Manager                                                  $540
Senior                                           $395 to $510
Staff                                            $140 to $260

The firm can be reached at:

         Carl Mackleit
         Partner
         Ernst & Young LLP
         999 Third Avenue, Suite 3500
         Seattle, WA 98104
         Telephone: (206) 621-1800
         Fax: (206) 654-6330
         E-mail: carl.mackleit@ey.com

The Court order provides that the firm may apply a $52,017 credit
to the fees and expenses it incurred during the period from the
petition date through November 29, 2014.  Any fees the firm
incurred during that period in excess of the $52,017 are waived.

The Hon. Laurie Selber Silverstein, who signed the Order, said the
firm will not be entitled to indemnification or reimbursement of
expenses pursuant to the Engagement Letters unless the
indemnification or reimbursement of expenses are approved by the
Court.

                        About Dendreon Corp

With corporate headquarters in Seattle, Washington, Dendreon
Corporation, 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 three members to the
Official Committee of Unsecured Creditors.


DORAL FINANCIAL: FDIC Files Statement Regarding Bank Receivership
-----------------------------------------------------------------
The Federal Deposit Insurance Corporation, in its capacity as
receiver of Doral Bank, filed a statement with the U.S. Bankruptcy
Court for the Southern District of New York, saying it is committed
to cooperation with Doral Bank's principal affiliate and former
equity holder, Doral Financial Corporation, and to transparency to
the Bankruptcy Court to the extent it has inquiry.

The FDIC adds that in the immediate term it is acting in its
capacity as a regulatory agency to enforce its regulatory powers
with respect to the orderly closing and resolution of Doral Bank.
At present, this includes facilitating the transition of the
banking operations, including substantially all of the deposits of
Doral Bank, to Banco Popular, and ensuring seamless operation of
each of Doral Bank's 26 former branches and continued protection
for all depositors throughout the transition.

The FDIC is represented by:

         B. Amon James, Esq., Senior Counsel
         Nicholas Katsonis, Esq., Counsel
         FEDERAL DEPOSIT INSURANCE CORPORATION
         3501 Fairfax Drive, Room VS-D-7060
         Arlington, VA 22226
         Tel: (703) 562-2089
         Fax: (703) 562-2475
         Email: bajames@FDIC.gov
                nkatsonis@FDIC.gov

Counsel to FDIC as receiver to Doral Bank:

         Christopher K. Kiplok, Esq.
         Jason C. Benton, Esq.
         Gabrielle Glemann, Esq.
         HUGHES HUBBARD & REED LLP
         One Battery Park Plaza
         New York, NY 10004-1482
         Tel: (212) 837-6000
         Fax: (212) 422-4726
         Email: chris.kiplok@hugheshubbard.com
                jason.benton@hugheshubbard.com
                gabrielle.glemann@hugheshubbard.com

            -- and --

         Scott H. Christensen, Esq.
         HUGHES HUBBARD & REED LLP
         1775 I Street, N.W., Suite 600
         Washington, D.C. 20006-2401
         Tel: (202) 721-4600
         Fax: (202) 721-4646
         Email: scott.christensen@hugheshubbard.com

                        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: Taps Garden City Group as Claims & Noticing Agent
------------------------------------------------------------------
Doral Financial Corporation seeks authority from the U.S.
Bankruptcy Court for the Southern District of New York to employ
Garden City Group, LLC, as claims and noticing agent.

The Claims and Noticing Agent will perform the following tasks:

   (a) Prepare and serve required notices and documents in the
Chapter 11 case in accordance with the Bankruptcy Code and the
Federal Rules of Bankruptcy Procedure in the form and manner
directed by the Debtor and/or the Court, including (i) notice of
the commencement of the Chapter 11 case and the initial meeting of
creditors under Bankruptcy Code Section 341(a), (ii) notice of any
claims bar date, (iii) notices of transfers of claims, (iv) notices
of objections to claims and objections to transfers of claims, (v)
notices of any hearings on a disclosure statement and confirmation
of the Debtor's plan or plans of reorganization, including under
Bankruptcy Rule 3017(d), (vi) notice of the effective date of any
plan and (vii) all other notices, orders, pleadings, publications
and other documents as the Debtor or Court may deem necessary or
appropriate for an orderly administration of the chapter 11 case;

   (b) Maintain an official copy of the Debtor's schedules of
assets and liabilities and statement of financial affairs, listing
the Debtor's known creditors and the amounts owed thereto;

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

   (d) Furnish a notice to all potential creditors of the last date
for the filing of proofs of claim and a form for the filing of a
proof of claim, after such notice and form are approved by the
Court, and notify said potential creditors of the existence, amount
and classification of their respective claims as set forth in the
Schedules, which may be effected by inclusion of 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) Maintain a post office box or address for the purpose of
receiving claims and returned mail, and process all mail received;


   (f) For all notices, motions, orders or other pleadings or
documents served, prepare and file or caused to be filed with the
Clerk an affidavit or certificate of service within 7 business days
of service which includes (i) either a copy of the notice served or
the docket numbers(s) and title(s) of the pleading(s) served, (ii)
a list of persons to whom it was mailed (in alphabetical order)
with their addresses, (iii) the manner of service, and (iv) the
date served;

   (g) Process all proofs of claim received, including those
received by the Clerk's office, check said processing for accuracy,
and maintain the original proofs of claim in a secure area;

   (h) Maintain the official claims register for the Debtor on
behalf of the Clerk; upon the Clerk's request, provide the Clerk
with certified, duplicate unofficial Claims Register; and specify
in the Claims Register 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, etc.), and (vi) any disposition of the claim;

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

   (j) Record all transfers of claims and provide any notices of
such transfers as required by Bankruptcy Rule 3001(e);

   (k) Relocate, by messenger or overnight delivery, all of the
Court-filed proofs of claim to the offices of Claims and Noticing
Agent, not less than weekly;

   (l) Upon completion of the docketing process for all claims
received to date for each case, turn over to the Clerk copies of
the Claims Register for the Clerk's review;

   (m) Monitor the Court's docket for all notices of appearance,
address changes, and claims-related pleadings and orders filed, and
make necessary notations on and/or changes to the Claims Register;


   (n) Assist in the dissemination of information to the public,
and respond to requests for administrative information regarding
this chapter 11 case as directed by the Debtor or the Court,
including through the use of a case website and/or call center;

   (o) If the Chapter 11 case is converted to Chapter 7, contact
the Clerk's office within three days of the notice to Claims and
Noticing Agent of entry of the order converting the chapter 11
case;

   (p) Thirty days prior to the close of the Chapter 11 case, to
the extent practicable, request that the Debtor submits to the
Court a proposed order dismissing the Claims and Noticing Agent and
terminating the services of the agent upon completion of its duties
and responsibilities and upon the closing of the Chapter 11 case;

   (q) Within 7 days of notice to Claims and Noticing Agent of
entry of an order closing the Chapter 11 case, provide to the Court
the final version of the Claims Register as of the date immediately
before the close of the Chapter 11 case;

   (r) At the close of the Chapter 11 case, 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;
and

   (s) Provide other related claims and noticing services as the
Debtor may require in connection with the Chapter 11 case.

Garden City will be paid the following hourly rates:

  Administrative, Mailroom and Claims Control    $45 to $55
  Project Administrators                         $70 to $85
  Project Supervisors                            $95 to $110
  Graphic Support & Technology Staff             $100 to $200
  Project Managers and Senior Project Managers   $125 to $175
  Directors and Asst. Vice Presidents            $200 to $295
  Vice President                                    $295

Garden City will also be reimbursed for any necessary out-of-pocket
expenses.

Angela Ferrante, a vice president of Garden City Group, LLC,
assures the Court that her firm is a "disinterested person" as that
term is defined in Section 101(14) of the Bankruptcy Code.

Ms. Ferrante may be reached at:

         Angela Ferrante
         Vice President, Operations
         GARDEN CITY GROUP, LLC
         Tel: (631) 470-1852
         Email: angela.ferrante@gardencitygroup.com

                        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.


ERWEE GROUP: Case Summary & Largest Unsecured Creditor
------------------------------------------------------
Debtor: Erwee Group Inc.
        211 Riverside Avenue
        Rialto, CA 92376

Case No.: 15-12812

Chapter 11 Petition Date: March 23, 2015

Court: United States Bankruptcy Court
       Central District of California (Riverside)

Judge: Hon. Mark D. Houle

Debtor's Counsel: M Jonathan Hayes, Esq.
                  SIMON RESNIK HAYES LLP
                  15233 Ventura Blvd., Suite 250
                  Sherman Oaks, CA 91403
                  Tel: (818) 783-6251
                  Fax: (818) 827-4919
                  Email: jhayes@srhlawfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to 1 million

The petition was signed by Rafaela Morales, secretary.

The Debtor listed Del Toro Loan Servicing as its largest unsecured
creditor holding a claim of $163,000.

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

             http://bankrupt.com/misc/cacb15-12812.pdf


FEDERATION EMPLOYMENT: Has $10MM Financing From United Jewish
-------------------------------------------------------------
Federation Employment & Guidance Service, Inc., asks the U.S.
Bankruptcy Court for the Eastern District of New York for approval
to obtain secured, superpriority postpetition financing in an
aggregate amount not to exceed $10,000,000, of which $5,000,000
will be available on an interim basis, from lender United Jewish
Appeal Federation of Jewish Philanthropies of New York, Inc.

Access to the DIP Facility and the use of cash collateral is
critical and vital to the Debtor's ability to fund its postpetition
operating requirements in a manner that will permit the continued
safe and orderly transition of its numerous client related services
to other providers while preserving the value of its assets.

The proceeds of the DIP facility will be used to permit the Debtor
to pay its professional staff and other employees in order to
provide critical client care, maintain already strained business
relationships with vendors and suppliers, purchase new inventory,
and otherwise finance its operations.

The proposed DIP facility will be a superpriority non-amortizing
multiple draw term loan facility in a principal amount of up to $10
million, up to $5 million of which will be made available to the
Debtor pursuant to an interim order.

The DIP Facility will mature Dec. 31, 2015.  The DIP facility will
bear interest at 6 percent per annum, with interest rising to 7
percent in an event of default.  The DIP Facility will be secured
by first priority security interests in and liens and mortgages
upon all personal and real property assets of the Debtor, subject
only to a care-out for the Debtors' professionals as well as for
accrued but unpaid fees of the United States Trustee.  In addition,
the DIP facility will constitute allowed superpriority
administrative expense claims, subject to the carve-out.

The DIP Credit Agreement provides certain milestones including with
the transfer of the Debtor's behavioral health programs from the
Debtor to Jewish Board for Family and Child Services ("JBFCS").
Events of default include:

   -- failure of the Debtor to file a motion with the Bankruptcy
Court by April 30, 2015, seeking approval of the BH Agreement,

   -- failure of the Bankruptcy Court to enter a final order
approving the BH Agreement by May 22, 2015; or

   -- failure of the BH Agreement to close by June 1, 2015; or

   -- termination of the BH Agreement for any reason other than
JBFCS' default under the terms of the BH Agreement.

As reported in the March 23, 2015 edition of the TCR, the Debtor
was one of the largest behavioral health services providers in the
New York City region.  The behavioral health division employs 900
individuals and provides services and programs to over 23,000
individuals throughout New York City and Nassau and Suffolk
counties.  The New York State Office of Mental Health ("OMH")
determined that it was in the clients' best interests to transfer
all of the associated licenses and program assets to JBFCS.  JBFCS
and FEGS are in the process of negotiating an appropriate agreement
for the transfer of all real and personal property and the
assignment of associated leases.  The transfer of the program
licenses and sale and transfer of associated program assets and
properties will be the subject of a separate motion which the
Debtor intends to file after the commencement of the Chapter 11
case.

The Lender can be reached at:

         Irvin A. Rosenthal
         Chief Financial Officer
         UJA-Federation of New York
         130 East 59th Street
         New York, NY 10022
         E-mail: rosenthali@ujafedny.org

The Lender's counsel can be reached at:

         WEIL, GOTSHAL & MANGES LLP
         Attn: Stephen Karotkin, Esq.
         767 Fifth Avenue
         New York, NY 10153
         E-mail: stephen.karotkin@weil.com

                            About FEGS

Established in 1934 amidst the Great Depression, Federation
Employment & Guidance Service, Inc. ("FEGS") is a not-for-profit
provider of various health and social services to more than 120,000
individuals annually in the areas of behavioral health,
disabilities, housing, home care, employment/workforce, education,
youth and family services.  At its peak, FEGs' network of programs
operated over 350 locations throughout metropolitan New York and
Long Island and employed 2,217 highly skilled professionals.

FEGS sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case
No. 15-71074) in Central Islip, New York on March 18, 2015.

The Chapter 11 plan and disclosure statement are due by July 16,
2015.

The Debtor filed applications to hire Garfunkel, Wild, P.C., as
general bankruptcy counsel; Togut, Segal & Segal, LLP, as
co-counsel; JL Consulting LLC as Restructuring Advisor, as
restructuring advisor; and Rust Consulting/Omni Bankruptcy as
claims and noticing agent.

The meeting of creditors under 11 U.S.C. Sec. 341(a) is slated for
April 17, 2015.


FEDERATION EMPLOYMENT: Section 341(a) Meeting Set for April 17
--------------------------------------------------------------
A meeting of creditors in the bankruptcy case of Federation
Employment & Guidance Service, Inc. will be held on April 17, 2015,
at 10:00 a.m. at Room 561, 560 Federal Plaza, CI, New York.

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

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

                             About FEGS

Established in 1934 amidst the Great Depression, Federation
Employment & Guidance Service, Inc. is a not-for-profit
provider of various health and social services to more than 120,000
individuals annually in the areas of behavioral health,
disabilities, housing, home care, employment/workforce, education,
youth and family services.  At its peak, FEGs' network of programs
operated over 350 locations throughout metropolitan New York and
Long Island and employed 2,217 highly skilled professionals.

FEGS sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case
No. 15-71074) in Central Islip, New York on March 18, 2015.
Kristin Woodlock signed the petition as chief executive officer.
The Debtor estimated assets and debts of $100 million to $500
million.

The Chapter 11 plan and disclosure statement are due by July 16,
2015.

The Debtor filed applications to hire Garfunkel, Wild, P.C., as
general bankruptcy counsel; Togut, Segal & Segal, LLP, as
co-counsel; JL Consulting LLC as Restructuring Advisor, as
restructuring advisor; and Rust Consulting/Omni Bankruptcy as
claims and noticing agent.


FEDERATION EMPLOYMENT: Taps JL Consulting as Financial Advisor
--------------------------------------------------------------
Federation Employment & Guidance Service, Inc., asks for approval
from the U.S. Bankruptcy Court for the Eastern District of New York
to employ JL Consulting, LLC, as financial advisor and
restructuring advisor, nunc pro tunc to the date of the filing of
the case.

In consideration of the size, complexity and scope of the various
social services provided by the Debtor, the significant regulatory
overlay and the enormity of the Debtor's exigent financial
circumstances, the Debtor has determined that the services of an
experienced restructuring and financial advisor will substantially
enhance the Debtor's ability to streamline its restructuring
efforts.

In the period leading up to the Petition Date, JLC has worked
closely with the Debtor's management and other professionals in
assisting with the myriad requirements of the Chapter 11 case,
including the preparation of necessary cash flows, proposed budgets
and balance sheets.

The Debtor's prepetition engagement letter, dated Dec. 2, 2014,
will continue to govern the Debtor's retention of JLC for the
Chapter 11 case.  Among other things, JLC will provide assistance
to the Debtor with respect to management of the overall
restructuring process, including the development of an ongoing
liquidity strategy and supporting restructuring negotiations among
the Debtor, its advisors and its creditors with respect to an
overall exit strategy for the Chapter 11 case.

John Lavan is the principal of JLC who is leading the assignment.

In accordance with the terms of the Engagement Letter, JLC will
continue to receive a monthly retainer of $30,000, against which
the JLC professionals will charge their customary hourly billing
rates which are as follows:

                          Hourly Rate
                          -----------
         John Lavan          $600
         Maria Arciero       $315

In addition, JLC will be reimbursed for the reasonable
out-of-pocket expenses of the JLC professionals incurred in
connection with this assignment, such as travel, lodging, third
party duplications, messenger and telephone charges.

As of the Petition Date, JLC has received payment totaling $161,000
for services performed for the Debtor in connection with the filing
of the Chapter 11 case, which includes an initial retainer of
$30,000.

To the best of the Debtor's knowledge, JLC believes it is a
"disinterested person" as defined by Sec. 101(14) of the Bankruptcy
Code.

JLC can be reached at:

         JL CONSULTING, LLC
         149 Windsor Ave.
         Rockville Centre, NY 11570
         Tel: 516 536 3497
         Fax: 516 298 2801

               - and -

         126 Club Course Dr.
         Hilton Head, SC, 29928
         Tel: 843 671 2908

                            About FEGS

Established in 1934 amidst the Great Depression, Federation
Employment & Guidance Service, Inc. ("FEGS") is a not-for-profit
provider of various health and social services to more than 120,000
individuals annually in the areas of behavioral health,
disabilities, housing, home care, employment/workforce, education,
youth and family services.  At its peak, FEGs' network of programs
operated over 350 locations throughout metropolitan New York and
Long Island and employed 2,217 highly skilled professionals.

FEGS sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case
No. 15-71074) in Central Islip, New York on March 18, 2015.

The Chapter 11 plan and disclosure statement are due by July 16,
2015.

The Debtor filed applications to hire Garfunkel, Wild, P.C., as
general bankruptcy counsel; Togut, Segal & Segal, LLP, as
co-counsel; JL Consulting LLC as Restructuring Advisor, as
restructuring advisor; and Rust Consulting/Omni Bankruptcy as
claims and noticing agent.

The meeting of creditors under 11 U.S.C. Sec. 341(a) is slated for
April 17, 2015.


GO DADDY: S&P Puts 'B' Corp. Credit Rating on CreditWatch Positive
------------------------------------------------------------------
Standard & Poor's Ratings Services said that it placed all of its
ratings on Go Daddy Operating Co. LLC, including the 'B' corporate
credit rating, on CreditWatch with positive implications.

The CreditWatch placement follows Go Daddy's announcement that it
plans to raise at least $396 million through an IPO.  From the
proceeds, the company will use $315 million to repay existing
senior notes, $26 million to pay its private equity sponsors for
terminating the transaction and monitoring fee agreement, about $33
million to pay transaction-related expenses.  "We believe that the
company's financial policy, cash flow generation, and debt leverage
will likely improve with the IPO," said Standard & Poor's credit
analyst Elton Cerda.

Go Daddy has not announced the precise timeline for the IPO, and
the amount of equity to be raised is unknown at this point.  Based
on S&P's estimates, it believes that the company's operating cash
flow could exceed $200 million in 2015 due to interest savings and
continued strong operating performance.  Additionally, S&P
estimates that its discretionary cash flow to debt ratio could
increase above 11% by the end of 2015.

S&P will meet with management to discuss its business outlook,
review the new capital structure, and assess its post-IPO financial
policy.  S&P will likely resolve the CreditWatch placement when the
IPO is completed.



GT ADVANCED: U.S. Trustee Balks at Payment of Put Option Premium
----------------------------------------------------------------
William K. Harrington, the U.S. Trustee for Region 1, objects to GT
Advanced Technologies Inc., et al.'s motion for authorization to
pay:

   -- certain unaffiliated holders of GT convertible notes put
option premium equal to 3.0% of the entire committed amount of the
$95 million DIP facility; and

   -- expenses to certain unaffiliated GT Noteholders in connection
with debtor-in-possession financing commitment and approving
information sharing obligations and indemnity thereunder.

According to the U.S. Trustee, the Debtors have lost in excess of
$319 million dollars since the cases were filed and now have filed
a motion to approve the payment of millions of dollars and fees and
expenses for a $95 million DIP facility, whose exact terms have not
yet come before the Court, to be heard on extraordinarily short
notice.  The U.S. Trustee stated that there is no legal basis to
award the fees and expenses to individual creditors at this time
absent allowance under Section 503(b) of the Bankruptcy Code.

                       DIP Financing Motion

In their motion, the Debtors stated that the next phase in their
cases was to obtain DIP financing to meet their cash needs while
implementing the business plan and formulating a plan of
reorganization.

GTAT and its advisors have been working since the earliest stages
of the cases to obtain DIP financing.  Rothschild, Inc., GTAT's
financial advisor, contacted forty-nine parties and first
distributed non-disclosure agreements to potential DIP lenders on
Oct. 7, 2014.  Twenty-four parties (inclusive of certain parties'
advisors) signed NDAs and were granted access to GTAT's DIP budget
and an electronic data room.

The put option premium of 3.0% of the DIP financing commitment is
fully earned upon the entry of the Commitment Letter Order by the
Bankruptcy Court and payable in cash.

Commitment Parties:      Certain holders of the Borrower's 3.00%
                         Senior Convertible Notes due 2017 and
                         3.00% Senior Convertible Notes due 2020
                         and their affiliates that provide
                         commitments to fund the DIP Loans.

Lenders:                 Holders of the Prepetition Convertible
                         Notes will be provided the opportunity to

                         subscribe for a portion of DIP Loans
                         pursuant to procedures reasonably
                         acceptable to the Backstop Lenders and
                         the Borrower.  The Backstop DIP
                         Commitments will be reduced ratably upon
                         funding of DIP Loans by a Lender that is
                         not a Backstop Lender.

Type, Amount and         A term loan facility in the aggregate
Maturity:                principal amount of $95 million.  Amounts

                         paid or prepaid under the DIP Facility    
                
                         may not be reborrowed.

                         The DIP Facility will mature and will be
                         paid in full in cash on the date that is
                         the earliest to occur of (i) the 12 month
                         anniversary of the Closing Date, (ii) the

                         effective date of a chapter 11 plan for
                         the reorganization of the borrower, and
                         (iii) the acceleration of the DIP Loans
                         in accordance with the Definitive
                         Financing Documentation.

                         Upon the Effective Date of a chapter 11
                         plan, the DIP Facility may be converted
                         into an exit facility on terms and
                         conditions to be agreed upon by the
                         Backstop Lenders and the Borrower and
                         satisfactory to each Backstop Lender in
                         its sole discretion.

Liens/Priority subject   the DIP Facility will be secured by
to the Carve-Out:        a first priority perfected lien on all
                         assets of the borrower and the  
                         guarantors; provided that the collateral
                         will be subject to permitted Liens and
                         certain exceptions to be mutually
                         agreed (including (x) any equitable
                         claim or other similar claim Tera Xtal
                         Technology Corp. may have against up to
                         34 ASF furnaces located in Mesa,
                         Arizona, pursuant to the terms of the
                         Dec. 15, 2014 order of the Bankruptcy     
           
                         Court approving the terms of the Apple
                         Settlement, (y) the rights of Meyer
                         Burger Technology AG and its affiliates
                         Diamond Materials Tech, Inc., Meyer
                         Burger, AG, and MBT Systems Ltd. as  
                         described in the Dec. 15, 2014 order of
                         the Bankruptcy Court approving the terms
                         of the Apple Settlement and (z) the
                         escrow account created in favor of Kerry
                         Logistics in an approximate amount of
                         $900,000, in each case of (x), (y) and
                         (z), solely upon the entry of a court
                         order providing that such party has a
                         lien or security interest in such
                         assets).

Use of Proceeds:         The DIP Loans will be available on the
                         closing date of the DIP Facility.
                         Proceeds of the DIP Loans will be used to

                         (i) fund working capital requirements,
                         (ii) pay costs, fees and expenses
                         incurred in connection with the DIP
                         Facility and the transactions
                         contemplated thereby and (iii) pay other
                         costs and expenses with respect to the
                         administration of the cases, in each
                         case, pursuant to the approved budget.

Interest Rate:           9.5% per annum payable monthly in cash;
                         3.0% per annum payable in kind.
                         After the occurrence and during the
                         continuance of an event of default,
                         interest on all DIP Loans and all other
                         outstanding amounts under the
                         Definitive Financing Documentation will
                         bear interest at a rate equal to
                         3.0% per annum plus the otherwise
                         applicable rate, and such additional
                         default interest will be payable in kind
                         (other than on the Maturity Date).

Original Issue Discount:  97%

Milestones:               The Definitive Financing Documentation
                          will contain only these milestones
                          relating to the cases:

                          -- the Debtors will have filed a plan of

                          reorganization and disclosure statement
                          with respect to the Proposed Plan
                          contemplating a repayment in full in
                          cash of the DIP Facility upon the
                          consummation of such Proposed Plan on or
                          prior to Nov. 30, 2015;

                          -- the Bankruptcy Court will have
                          entered an order approving the
                          Disclosure Statement for the approved
                          plan on or prior to Jan. 8, 2016;

                         -- the Bankruptcy Court will have entered

                         an order confirming the approved plan on
                         or prior to Feb. 15, 2016; and

                         -- the approved plan will have been
                         consummated on or prior to Feb. 28, 2016.

                  About GT Advanced Technologies

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

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

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

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

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

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

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

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



GULFPORT ENERGY: S&P Revises Outlook to Pos. & Affirms 'B' CCR
--------------------------------------------------------------
Standard & Poor's Ratings Services revised its rating outlook on
Oklahoma City-based Gulfport Energy Corp. to positive from stable.
At the same time, S&P affirmed its 'B' corporate credit rating on
the company.

S&P is also affirming the 'B' senior unsecured debt rating.  The
recovery rating remains '4', indicating S&P's expectation of
average (30% to 50%) recovery in the event of default.  S&P's
recovery expectations are in the upper half of the 30% to 50%
range.

"The positive outlook reflects our assessment of Gulfport's recent
success in increasing production and reserves in the Utica shale,"
said Standard & Poor's credit analyst Stephen Scovotti.  "If
Gulfport can continue to increase production and reserves and meet
its public production guidance, we could raise the rating over the
next 12 months," said Mr. Scovotti.

The ratings on Gulfport continue to reflect its geographic
concentration in the Utica shale, its falling short of public
production forecasts in 2013 and 2014 and its aggressive capital
spending over the past few years, which S&P expects to continue at
more moderate level.  The ratings also reflect the volatility and
capital-intensive nature of the oil and gas E&P industry.  These
weaknesses are partially buffered by a liquids-rich reserve base
with significant growth potential in the Utica shale.  S&P
characterizes Gulfport's business risk as "vulnerable," its
financial risk as "significant," and its liquidity as "adequate."

The positive outlook reflects the potential for an upgrade if the
company is able to continue to increase production and proved
reserves in the Utica shale while maintaining appropriate credit
metrics.

S&P could revise the outlook to stable if the company is unable to
increase production and proved developed reserves at the pace S&P
expect.  S&P could also revise the outlook to stable if the company
pursues a move aggressive financial policy, which may include
outspending cash flows by more than S&P's expectations or making a
debt funded acquisition.

S&P could raise the rating due to its assessment of an improvement
in the company's business profile and the company's ability to meet
its public production guidance while maintaining FFO to debt above
20%.  An improvement in the business profile would be due to
continued growth in production and proved developed reserves.



IXIA: Receives NASDAQ Listing Non-Compliance Notice
---------------------------------------------------
Ixia on March 23 disclosed that because the company has not yet
filed its Annual Report on Form 10-K for the fiscal year ended
December 31, 2014 with the Securities and Exchange Commission, on
March 19, 2015 the company received a letter from The NASDAQ Stock
Market LLC notifying the company that it is not in compliance with
Nasdaq Listing Rule 5250(c)(1), which requires listed companies to
timely file all required periodic financial reports with the SEC.

The company filed a Form 12b-25 Notification of Late Filing with
the SEC on March 2, 2015 reporting that it planned to file the Form
10-K with the SEC within the extension period of 15 calendar days
beyond the original due date of March 2, 2015 (i.e., on or before
March 17, 2015).  The company was, however, unable to file by the
extended deadline.

The company continues to devote substantial resources to and is far
along in the process of completing the Form 10-K.  Management does
not anticipate that the Form 10-K will reflect any material
adjustments to the company's previously announced preliminary
financial results for the quarter and fiscal year ended December
31, 2014.  The company expects that it will be in a position to
complete and file the Form 10-K as soon as (i) the company
finalizes its 2014 financial statements and management completes
its assessment of the effectiveness of the company's internal
control over financial reporting as of December 31, 2014, and (ii)
the company's independent registered public accounting firm
completes its audit of such financial statements and internal
control over financial reporting.  As reported in the Form 12b-25,
the company expects to disclose in the Form 10-K that its internal
control over financial reporting and disclosure controls and
procedures were not effective as of December 31, 2014.

Nasdaq's letter provides that the company has 60 calendar days from
the company's receipt thereof to submit to Nasdaq a plan to regain
compliance with the Listing Rule.  If such a plan is required as a
result of any continuing delay in the filing of the Form 10-K, the
company intends to submit such a plan to Nasdaq.

                          About Ixia

Ixia (Nasdaq:XXIA) -- http://www.ixiacom.com-- provides
application performance and security resilience solutions to
validate, secure, and optimize businesses' physical and virtual
networks.


KALOBIOS PHARMACEUTICALS: E&Y Expresses Going Concern Doubt
-----------------------------------------------------------
KaloBios Pharmaceuticals, 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.

Ernst & Young LLP expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company
has recurring losses from operations.

The Company reported a net loss of $38 million on $nil in revenue
for the year ended Dec. 31, 2014, compared to a net loss of $42.0
million on $44 of revenues in the same period last year.

The Company's balance sheet at Dec. 31, 2014, showed $43.0 million
in total assets, $18.4 million in total liabilities, and
stockholders' equity of $24.6 million.

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

                        http://is.gd/ZOHGlM

Based in South San Francisco, Calif., KaloBios Pharmaceuticals,
Inc., is a company biopharmaceutical company focused on the
development of monoclonal antibody therapeutics.


KARMALOOP INC: Proposes $30.9MM DIP Financing From Comvest
----------------------------------------------------------
Karmaloop, Inc. and KarmaloopTV, Inc., ask for approval from the
U.S. Bankruptcy Court for the District of Delaware to obtain
secured postpetition superpriority financing from its existing
prepetition senior secured lenders, and use cash collateral on an
interim and final basis pursuant to the terms and condition of a
DIP Credit Agreement with, the lender parties Comvest Capital II,
L.P., and CapX Fund IV, L.P., and Comvest Capital II, as agent.

The Debtors seek authority to borrow up to $30,866,658 under the
DIP Facility.  The DIP Facility will mature 90 days following the
entry of the Interim DIP Order, absent intervening occurrences in
the cases or under the terms of the DIP Credit Agreement.  As
security for the DIP Facility, the Debtors propose to grant the DIP
Agent a first-priority lien in all of the Debtor's assets, subject
only to a care-out for the Debtors' professionals as well as for
accrued but unpaid fees of the United States Trustee.  The Debtors
also propose to grant the DIP Agent a superpriority administrative
claim, subject to the carveout, as further security for the
repayment of the advances under the DIP Facility.

The DIP facility will bear interest at 12 percent per annum.  The
facility fees are a closing fee of $150,000, an unused line fee,
plus a termination fee of $60,000.  All costs and expenses of the
DIP Agent and the DIP Lenders' professional fees are to be
reimbursement by Karmaloop.

The Debtors seek authorization on an interim basis to borrow up to
$29,066,658 under the DP Credit Agreement and to remit cash
collateral for repayment of amounts outstanding under the
Prepetition Credit Agreement pending the final hearing.  

Prepetition, the Debtors owe Comvest Capital II, L.P., senior
secured debt that's secured by a valid first-priority continuing
lien on all of the Debtors' assets.  The Debtors have two levels of
junior secured debt: (i) Eastward Capital Partners V. L.P. provided
two loans in the aggregate principal of $10 million, all of which
remains outstanding, with Eastward granted a junior all-asset lien
by the Debtors; and (ii) there are several junior and subordinated
secured lenders that hold a third lien position ($5,000,000 debt to
Insight Venture Partners, et al., a $2,762,500 insider secured
bridge loans and $7,156,667 non-insider secured bridge loans).

Although to the extent Eastward and the Junior Secured Creditors
presently hold valid and perfected subordinate liens, and they
would retain such liens, immediately prior to and immediately
following the Petition Date, the Debtors believe that both Eastward
and the Junior Secured Creditors are fully undersecured and, as
such, are not entitled to receive adequate protection at this time
with respect to such junior liens.

                       About Karmaloop Inc.

Karmaloop, Inc., founded in 1999 by Gregory Selkoe, is a
cross-platform digital commerce and media property company that
specializes in the sale of global streetwear fashion and culture.
Karmaloop specializes in the sale of over 400 brands of apparel,
shoes and accessories via an e-commerce business model, primarily
using the Web site http://wwww.karmaloop.com/ The company has
nearly 5 million monthly unique visitors, 2.2 million Facebook
followers and 800,000 Twitter followers.

On March 23, 2015, Karmaloop, Inc. and KarmaloopTV, Inc. filed
voluntary Chapter 11 bankruptcy petitions in the United States
Bankruptcy Court for the District of Delaware (Lead Case No.
15-10635).  The cases are assigned to Judge Kevin J. Carey.

The Debtors tapped Burns & Levinson LLP and Womble Carlyle
Sandridge & Rice, LLP as attorneys; CRS Capstone Partners LLC as
financial advisor and Capstone's Brian L. Davies, Jr., as
restructuring officer; and Omni Management Group, LLC as claims and
noticing agent.

Karmaloop Inc. estimated $10 million to $50 million in assets and
$100 million to $500 million in debt.


KARMALOOP INC: Proposes Rust Omni as Claims and Noticing Agent
--------------------------------------------------------------
Karmaloop, Inc. and KarmaloopTV, Inc., ask approval from the U.S.
Bankruptcy Court for the District of Delaware to employ Rust
Consulting Omni Bankruptcy, a division of Rust Consulting, Inc., as
claims and noticing agent in the Chapter 11 cases.

Rust Omni will assume full responsibility for the distribution of
notices and maintenance, processing, and docketing proofs of claim
filed in the Chapter 11 cases.

The services to be rendered by Rust Omni will be billed at rates
ranging from $31.50 to $175.50 per hour, which represents a 10
percent discount off Rust Omnis standard hourly rates.  In
addition, Rust Omni has agreed to a one $110 rate cap, to be
calculated on a quarterly basis.

The firm's rates for standard and custom services are:

   Position                                  Hourly Rate
   --------                                  -----------
Clerical Support                           $31.50 to  $45.00
Project Specialist                         $58.50 to  $76.50
Project Supervisors                        $76.50 to  $94.50
Consultants                                $94.50 to $126.00
Technology/Programming                     $99.00 to $148.50
Senior Consultants                        $157.50 to $175.50
Equity Services                                 $202.50

The firm will charge $50.00 per 1,000 e-mails for e-mail noticing,
and $0.10 per image for fax noticing. For inputting proofs of
claims, the firm will charge at its hourly rates.  For data
storage, the firm will charge for $.06 per record for over 10,000
records and $0.05 per record for over 100,000 records.  With
respect to the informational Web site, the firm will charge $63.75
per hour for data entry and $99 to $139.50 per hour for programming
and customization.  For the preparation of schedules and
statements, the firm will charge $58.50 to $175.50 per hour.

Prior to the Petition Date, the Debtor provided Rust Omni a
retainer in the amount of $15,000.

Prior to its selection of Rust Omni, the Debtor obtained and
reviewed engagement proposals from at least two other
court-approved claims and noticing agent to ensure selection
through a competitive process.

                       About Karmaloop Inc.

Karmaloop, Inc., founded in 1999 by Gregory Selkoe, is a
cross-platform digital commerce and media property company that
specializes in the sale of global streetwear fashion and culture.
Karmaloop specializes in the sale of over 400 brands of apparel,
shoes and accessories via an e-commerce business model, primarily
using the Web site http://wwww.karmaloop.com/ The company has
nearly 5 million monthly unique visitors, 2.2 million Facebook
followers and 800,000 Twitter followers.

On March 23, 2015, Karmaloop, Inc. and KarmaloopTV, Inc. filed
voluntary Chapter 11 bankruptcy petitions in the United States
Bankruptcy Court for the District of Delaware (Lead Case No.
15-10635).  The cases are assigned to Judge Kevin J. Carey.

The Debtors tapped Burns & Levinson LLP and Womble Carlyle
Sandridge & Rice, LLP as attorneys; CRS Capstone Partners LLC as
financial advisor and Capstone's Brian L. Davies, Jr., as
restructuring officer; and Omni Management Group, LLC as claims and
noticing agent.

Karmaloop Inc. estimated $10 million to $50 million in assets and
$100 million to $500 million in debt.


KARMALOOP INC: Secures DIP Financing as Part of 363 Sale Process
----------------------------------------------------------------
Karmaloop Inc., a 15 year-old online retailer specializing in
streetwear, action sports and music-inspired clothing for 18-35
year old males, on March 23 disclosed that it has begun a formal
restructuring as part of a 363 sale process.

The restructuring and new funding provides an opportunity to
address existing debt that was incurred to support the launch of
four new business divisions and development of television content
between 2011 and 2013.  Over time, these ventures proved not to be
economically feasible and the debt that remained as a vestige of
these past efforts was hindering working capital for the core
business   The main property, Karmaloop.com, has continued to
dominate the streetwear space, with more than 500 brands and close
to 4 million monthly unique visitors.

The Company, subject to court approval, has secured
debtor-in-possession "DIP" financing from a lending group led by
Comvest Partners to support reorganization efforts and the
forthcoming Sec. 363 sale process.  The Comvest-led lending group
has also submitted an offer to convert a portion of its debt to
equity to own the business should no higher or better offer emerge
through the Section 363 sale process.  Karmaloop has retained
retail and consumer products investment bank specialist Consensus
to assist in marketing the Company for sale.

"Comvest is a big believer in Karmaloop and we are excited to
partner with management to restructure and grow the business," said
Daniel Lee, Managing Director of Comvest Partners.  "The Karmaloop
team has built a unique, market-leading platform through its
15-year history, and will now be poised to continue building the
company without the strain of debt."

Said Karmaloop CEO and Founder Greg Selkoe, "The Karmaloop brand is
solid and powerful, we simply have been carrying too much debt from
past ancillary business startups that were discontinued.  We're
excited to be able to restructure Karmaloop to focus on and enhance
our core business strategy and continue to execute on our plans for
profitability. This restructuring will assist with our strategic
move to vendor direct."

Karmaloop's eponymous website will continue full operations during
this process, as will the Company's wholly-owned European Web site
StreetAmmo, the Company's PLNDR division, its off-price
members-only sale section, and its Kazbah division, the company's
underground brand marketplace.

Said Consensus's CEO Michael O'Hara, "Karmaloop  provides a buyer
with the unique opportunity to immediately gain access to an
established online platform with real scale that has an unusually
passionate customer base.  Karmaloop has few if any direct
competitors, and its core demographic is increasingly influential
and affluent."

Karmaloop filed a voluntary petition for relief under Chapter 11 of
the United States Bankruptcy Code.  The Company received an
investment of $3 million led by Comvest Partners along with
co-lender CapX Partners to support the restructuring.

                     About Karmaloop Inc.

Karmaloop, Inc., founded in 1999 by Gregory Selkoe, is a
cross-platform digital commerce and media property company that
specializes in the sale of global streetwear fashion and culture.
Karmaloop specializes in the sale of over 400 brands of apparel,
shoes and accessories via an e-commerce business model, primarily
using the Web site http://wwww.karmaloop.com/ The company has  
nearly 5 million monthly unique visitors, 2.2 million Facebook
followers and 800,000 Twitter followers.

On March 23, 2015, Karmaloop, Inc. and KarmaloopTV, Inc. filed
voluntary Chapter 11 bankruptcy petitions in the United States
Bankruptcy Court for the District of Delaware (Lead Case No.
15-10635).  The cases are assigned to Judge Kevin J. Carey.

The Debtors tapped Burns & Levinson LLP and Womble Carlyle
Sandridge & Rice, LLP as attorneys; CRS Capstone Partners LLC as
financial advisor and Capstone's Brian L. Davies, Jr., as
restructuring officer; and Omni Management Group, LLC as claims and
noticing agent.


KROGEN KOVE: Case Summary & 12 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Krogen Kove Properties, LLC
        P.O. Box 579
        Natalbany, LA 70451

Case No.: 15-10669

Chapter 11 Petition Date: March 23, 2015

Court: United States Bankruptcy Court
       Eastern District of Louisiana (New Orleans)

Judge: Hon. Elizabeth W. Magner

Debtor's Counsel: Frederick L. Bunol, Esq.
                  THE DERBES LAW FIRM, L.L.C.
                  3027 Ridgelake Drive
                  Metairie, LA 70002
                  Tel: (504) 837-1230
                  Fax: (504) 832-0327
                  Email: fbunol@derbeslaw.com

Total Assets: $7.05 million

Total Liabilities: $8.24 million

The petition was signed by Randolph E. Felder, member.

A list of the Debtor's 12 largest unsecured creditors is available
for free at http://bankrupt.com/misc/laeb15-10669.pdf


LEWIS LUMBER: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Lewis Lumber and Supply, LLC
           dba Lewis Lighting and Home
        718 S East St.
        Benton, AR 72015

Case No.: 15-11390

Chapter 11 Petition Date: March 23, 2015

Court: United States Bankruptcy Court
       Eastern District of Arkansas (Little Rock)

Debtor's Counsel: Kevin P. Keech, Esq.
                  KEECH LAW FIRM, PA
                  4800 West Commercial Drive
                  N. Little Rock, AR 72116
                  Tel: (501) 221-3200
                  Fax: (501) 221-3201
                  Email: kkeech@keechlawfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gary Keeter, managing member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/areb15-11390.pdf


MANNKIND CORP: Deloitte & Touche Expresses Going Concern Doubt
--------------------------------------------------------------
MannKind Corporation filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K for the fiscal year ended
Dec. 31, 2014.

Deloitte & Touche LLP expressed substantial doubt about the
Company's ability to continue as a going concern, citing the
Company's existing cash resources and its operating losses since
inception.

The Company reported a net loss of $198 million on $nil of revenue
for the year ended Dec. 31, 2014, compared to a net loss of $191
million on $nil of revenue in the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $394 million
in total assets, $468 million in total liabilities, and a
stockholders' deficit of $73.8 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/5hpY3u
                          
MannKind Corporation -- http://www.mannkindcorp.com/-- is a
biopharmaceutical company focused on the discovery, development
and commercialization of therapeutic products for diseases such as
diabetes.  The Company is a Delaware corporation headquartered in
Valencia, California.


NATROL INC: Amends Plan to Reduce Initial Equity Distribution
-------------------------------------------------------------
Leaf123, Inc., f/k/a Natrol, Inc., and its debtor affiliates
amended their joint liquidating plan to, among other things,
provide that the initial distribution to holders of equity
interests in Leaf123 will be in the amount of $5 million, down from
the $10 million proposed under the previous iteration of the plan.
The Amended Plan, however, provides that to the extent Claims in
the Reserves are resolved, the amount of the distribution to equity
holders will be increased in an amount not to exceed $10 million in
the aggregate.

The Amended Plan provides that equity holders are not voting on the
Plan as they are deemed to accept the Plan.  The previous iteration
included the equity holders among the voting classes.

Moreover, the Amended Plan, filed March 20, 2015, provides that the
Debtors will establish a General Unsecured Claims Reserve in the
aggregate amount of $2.59 million, an Administrative Expense Claims
Reserve in the aggregate amount of $280,000, and a Wind-Down
Expense Reserve in the aggregate amount of $1.76 million.

Furthermore, the Amended Plan provides that nothing in the Plan
will be construed as enjoining VRS Chatsworth, LLC, solely with
respect to any guaranty obligations from enforcing its rights that
may exist between VRS Chatsworth and Plethico India with respect to
those leases of real property located in Chatsworth, California,
which was assumed by the Purchaser through the sale transaction.

The amendments also include the Committee Administration Guidelines
and an explanation of reserves as exhibits to the disclosure
statement explaining the plan.

A black-lined version of the Disclosure Statement for the First
Amended Plan, dated march 20, 2015, is available at
http://bankrupt.com/misc/NATROLds0320.pdf

Nature's Products, Inc., objected to the disclosure statement,
complaining that it does not provide accurate information as to the
projected distribution to general unsecured creditors and that the
disclosure statement inaccurately characterizes general unsecured
creditors as unimpaired.

NPI is represented by:

         Thomas J. Francella, Jr., Esq.
         Stephen B. Gerald, Esq.
         WHITEFORD TAYLOR & PRESTON LLC
         The Renaissance Centre
         405 North King Street, Suite 500
         Wilmington, DE 19801
         Tel: (302) 357-3252
         Fax: (302) 357-3272
         E-mail: tfrancella@wtplaw.com
                 sgerald@wtplaw.com

                     About Natrol, Inc.

Headquartered in Chatsworth, Calif., Natrol, Inc., sold herbs and
botanicals, multivitamins, specialty and sports nutrition
supplements made to support health and wellness throughout all
ages
and stages of life.  Natrol, Inc., was a wholly owned subsidiary
of
Plethico Pharmaceuticals Limited (BSE: 532739. BO: PLETHICO).

Natrol, Inc., and its six affiliates sought bankruptcy protection
(Bankr. D. Del. Case No. 14-11446)  on June 11, 2014.  The case is
assigned to Judge Brendan Linehan Shannon.  The Debtors are
represented by Robert A. Klyman, Esq., and Samuel A. Newman, Esq.,
at Gibson, Dunn & Crutcher LLP, in Los Angeles, California; and
Michael R. Nestor, Esq., Maris J. Kandestin, Esq., and Ian J.
Bambrick, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware.  The Debtors' Claims and Noticing Agent is
Epiq Systems INC.

The Debtors requested that the Court approve the employment of (i)
Jeffrey C. Perea of the firm Conway MacKenzie Management Services,
LLC as chief financial officer and for CMS to provide temporary
employees to assist Mr. Perea in carrying out his duties; (ii)
Stephen P. Milner of the firm Squar, Milner, Peterson, Miranda &
Williamson LLP as chief restructuring officer and for CMS to
provide temporary employees to assist Mr. Milner in carrying out
his duties; (iv) BDO USA, LLP as auditor; (v) TaxGroup Partners as
tax services provider.

The Official Committee Of Unsecured Creditors tapped Otterbourg
P.C. as lead counsel; Pepper Hamilton LLP as Delaware counsel; and
CMAG as financial advisors.

On Nov. 10, 2014, the Debtors held an auction for the sale of the
assets, and Aurobindo Pharma USA Inc. emerged as the successful
bidder.  The Court approved the sale and the sale closed on Dec.
4,
2014.  The Debtors changed their names to Leaf123, Inc., following
the sale.

                            *     *     *

The hearing to consider confirmation of the Debtors' liquidating
plan is currently scheduled for May 6, 2015, at 10:00 a.m. (ET).
Objections to confirmation are due April 29.



NJ HEALTHCARE: Section 341 Meeting of Creditors Set for April 22
----------------------------------------------------------------
A meeting of creditors of NJ Healthcare Facilities Management LLC
has been scheduled for April 22, 2015, at 10:00 a.m. at Suite 1401,
One Newark Center.  Creditors have until July 21, 2015, to submit
their proofs of claim.

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

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

NJ Healthcare Facilities Management LLC, doing business as Advanced
Care Center at Lakeview, sought Chapter 11 protection (Bankr.
D.N.J. Case No. 15-14871) in Newark, New Jersey, on
March 19, 2015.

The Debtor estimated $10 million to $50 million in assets and debt.
The official schedules of assets and liabilities, as well as the
statement of financial affairs, are due April 2, 215.

According to the docket, the Debtor's exclusive right to file a
plan expires on July 17, 2015.  The appointment of a healthcare
ombudsman is due by April 9, 2015.

The case is assigned to Judge Vincent F. Papalia.

The Debtor has tapped Anthony Sodono, III, Esq., at Trenk,
DiPasquale, Della Fera & Sodono, in West Orange, New Jersey, as
counsel.


NTELOS HOLDINGS: S&P Lowers CCR to 'B', Off Watch Negative
----------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its
corporate credit rating on Waynesboro, Va.-based NTELOS Holdings
Corp. to 'B' from 'B+' and removed the ratings from CreditWatch,
where S&P had placed them with negative implications on Dec. 3,
2014.  The outlook is stable.

At the same time, S&P lowered its issue-level rating on NTELOS'
senior secured term loan to 'B' from 'B+'.  The recovery rating
remains '4', indicating S&P's expectation for average (30%-50%; at
the higher end of the range) recovery of principal for lenders in
the event of a payment default.

"The downgrade follows NTELOS' announcement that it will exit the
eastern Virginia markets and focus on operations in western
Virginia and West Virginia," said Standard & Poor's credit analyst
Eric Nietsch.  "Although we view the decision as moderately
positive in the long term, since the eastern markets have been
intensely competitive, we believe the resultant transaction will
push leverage above 5x over the next few years."

The stable outlook reflects S&P's expectation that leverage will
remain below 6x and that FFO to debt will be less than 12%.
Although S&P expects the Sprint contract to provide some stability,
S&P also expects that the company will face ongoing competitive
pressures from other larger wireless carriers.

S&P could lower the rating if there is material erosion in the
company's retail wireless customer base with no offsetting growth
in average revenue per user.  For example, competitive pressures
along with a reduction in wholesale revenue from Sprint could
result in leverage rising above 6x on a sustained basis.  S&P
believes such a scenario could occur if the consolidated EBITDA
margin declined below 25% on a sustained basis.

S&P believes an upgrade is unlikely over the next 12 months, given
the company's dependence on a single, small, and highly competitive
wireless market.  NTELOS would need to reduce adjusted leverage to
below 5x on a sustained basis, which S&P believes would be
challenging.



NVA HOLDINGS: S&P Assigns 'B' Corp. Credit Rating; Outlook Stable
-----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to NVA Holdings Inc. and withdrew its corporate
credit rating on NVA Merger Sub Inc. following its merger into NVA
Holdings Inc.  The outlook is stable.

S&P also affirmed its 'B' issue-level rating on the company's $404
million first-lien term loan and $70 million revolver.  The
recovery rating is a '3' indicating S&P's expectation of a
meaningful (50% to 70%; in the higher end of the range) recovery in
the event of payment default.

At the same time S&P affirmed its 'CCC+' issue-level rating on
NVA's $160 million second-lien term loan.  The recovery rating is a
'6' indicating a negligible (0% to 10%) recovery in the event of
payment default.

"The ratings on NVA Holdings reflect our belief that 2015 adjusted
leverage will be around 8x, inclusive of the $60 million
incremental addition to the first-lien loan and the $73 million
shareholder loan issued by NVA's parent company," said Standard &
Poor's credit analyst Maryna Kandrukhin.  S&P expects leverage will
improve to around 7.5x in 2016 but will remain higher than 5.0x
over the long-term as the company's acquisition-driven growth
strategy and financial sponsor ownership shape NVA's financial
policy.  In S&P's opinion, financial policy will favor shareholder
returns over permanent debt reduction, keeping leverage above 5.0x,
despite anticipated EBITDA growth and healthy free operating cash
flow generation.  This supports S&P's assessment of a highly
leveraged financial risk profile.

The stable outlook reflects S&P's expectation that NVA will
continue generating acquisition-driven double-digit revenue growth
and steady EBITDA margins.  At the same time, S&P expects the
company's aggressive debt-financed growth strategy will enable it
sustain leverage above 5.0x through 2015.

S&P could lower the rating if the company's revenues decline,
contributing to round 500 basis points in EBITDA margin
contraction, and resulting in discretionary cash outflows.  This
would most likely be due to nonaccretive acquisitions.

An upgrade is unlikely over the next year given NVA's niche
position, high level of adjusted leverage, and track record of
using debt to partly fund acquisitions.  Over the longer term, S&P
could consider an upgrade if the company's financial policy shifts
to focus on permanent debt reduction.  Currently, S&P believes any
debt reduction would be temporary, with additional debt capacity
used to fund shareholder friendly initiatives that prevent a
sustained improvement in credit metrics.



OCATA THERAPEUTICS: BDO USA LLP Express Going Concern Doubt
-----------------------------------------------------------
Ocata Therapeutics, 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.

BDO USA LLP expressed substantial doubt about the Company's ability
to continue as a going concern, citing that the Company has
suffered recurring losses from operations and has a net capital
deficiency.

The Company reported a net loss of $34.8 million on $95,400 in
revenue for the year ended Dec. 31, 2014, compared to a net loss of
$31.02 million on $143,000 of revenue in the same period last
year.

The Company's balance sheet at Dec. 31, 2014, showed $5.74 million
in total assets, $8.47 million in total liabilities, and a
stockholders' deficit of $2.74 million.

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

                        http://is.gd/BoDWzQ

                           About Ocata

Marlborough, Mass.-based Ocata Therapeutics, Inc., formerly
Advanced Cell Technology, Inc. -- http://www.ocata.com-- is a
biotechnology company, engaged in the development and
commercialization of human pluripotent stem cell technology in the
field of regenerative medicine.



OCWEN FINANCIAL: Shrinkage Continues as NYSE Threatens Delisting
----------------------------------------------------------------
Dan Freed, writing for The Deal, reported that Ocwen Financial
announced the latest step in its restructuring with the sale of a
$25 billion mortgage servicing portfolio to rival Nationstar
Mortgage Holdings.

According to the report, the sale is one of several steps mortgage
debt collector Ocwen is taking to try and right itself following an
intense regulatory crackdown that forced the resignation of its de
facto leader and caused shares of the once high-flying stock to
plummet nearly 80% over the past 12 months.

On March 23, the NYSE threatened Ocwen with delisting as it has
delayed the filing of its 10-K, and the mortgage debt collector has
also been forced to renegotiate terms with lenders, for example to
ease restrictions on selling assets, the Deal said.

As previously reported by The Troubled Company Reporter, citing
Law360, Ocwen retained turnaround shop Moelis & Co. and investment
bank Barclays Capital Inc. to explore potential debt adjustments
amid revelations that the mortgage servicer would record a
potential $420 million non-cash write-off and accelerate its exit
from servicing government-backed home loans.

                          *     *     *

The Troubled Company Reporter, on Jan. 29, 2015, reported that
Moody's Investors Service has affirmed Ocwen Financial
Corporation's Corporate Family Rating at B3; Senior Secured Bank
Credit Facility at B3; Senior Unsecured Debt at Caa1, following
the
developments with respect to Ocwen's settlement with the
California
Department of Business Oversight (DBO), along with the potential
exposure to other investigations, litigation and claims that exist
or could be prompted by recent actions taken by regulators and
stakeholders.


PARK FLETCHER: Hires KC Cohen as Bankruptcy Counsel
---------------------------------------------------
Park Fletcher Realty, LLC seeks authorization from the U.S.
Bankruptcy Court for the Southern District of Indiana to employ KC
Cohen, Lawyer, PC as bankruptcy counsel.

The Debtor requires KC Cohen to:

   (a) give your applicant advice with respect to its duties,
       powers and responsibilities in this case;

   (b) investigate and pursue any actions on behalf of the estate
       in order to recover assets for or best enable this estate
       to reorganize fairly;

   (c) represent the Debtor in these proceedings in an effort to
       maximize the value of the assets available herein, and to
       pursue confirmation of a successful Plan of Reorganization;

       and

   (d) perform such other legal services as may be required and in

       the interest of the estate herein.

KC Cohen will be paid $325 per hour.

KC Cohen will also be reimbursed for reasonable out-of-pocket
expenses incurred.

KC Cohen assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

KC Cohen can be reached at:

       KC Cohen, Esq.
       KC COHEN, LAWYER, PC
       151 N. Delaware St., Ste. 1106
       Indianapolis, IN 46204-2573
       Tel: (317) 715-1845
       Fax: (317) 916-0406
       E-mail: kc@esoft-legal.com

                     About Park Fletcher Realty

Park Fletcher Realty, LLC filed a Chapter 11 bankruptcy petition
(Bank. S.D. Ind. Case No. 15-00843) on Feb. 15, 2015.  The petition
was signed by Shawn Williams as managing member.  KC Cohen, Esq.,
at KC Cohen, Lawyer, PC, serves as the Debtor's counsel.  The
Debtors estimated assets and liabilities of $10
million to $50 million.  Judge Jeffrey J. Graham presides over the
case.


PARK FLETCHER: Taps Richey Mills as Financial Advisor
-----------------------------------------------------
Park Fletcher Realty, LLC seeks authorization from the U.S.
Bankruptcy Court for the Southern District of Indiana to employ
Richey, Mills & Associates, LLP as financial advisor.

The Debtor requires Richey Mills to:

   (a) investigate the financial history of and book keeping for
       the Debtor and to create financial models to analyze all
       aspects of its business operations to assist in determining

       how to re-structure and successfully reorganize;

   (b) assist in the preparation of interim financial reports,
       including those required by secured creditors and the    
       monthly operating reports required by the US Trustee;

   (c) assist the Debtor in finding financing alternatives to its
       current lender; and

   (d) perform such other financial advisory as may be required
       and in the interest of the estate herein without
       duplicating the effort of Bankruptcy Counsel whose
       employment is separately sought herein.

Richey Mills will be paid at these hourly rates:

       Kenneth K. Wolff             $325
       Stan Mills                   $225
       Daniel D. Bowser             $225

Richey Mills will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Richey Mills has requested a retainer of $7,500, and the Debtor has
agreed to pay such retainer upon approval of this application.

Richey Mills assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

       RICHEY, MILLS & ASSOCIATES, LLP
       3815 River Crossing Parkway, Suite 170
       Indianapolis, IN 46240-7757
       Tel: (317) 713-7540
       Fax: (317) 713-7541

                     About Park Fletcher Realty

Park Fletcher Realty, LLC filed a Chapter 11 bankruptcy petition
(Bank. S.D. Ind. Case No. 15-00843) on Feb. 15, 2015.  The petition
was signed by Shawn Williams as managing member.  KC Cohen, Esq.,
at KC Cohen, Lawyer, PC, serves as the Debtor's counsel.  The
Debtors estimated assets and liabilities of $10
million to $50 million.  Judge Jeffrey J. Graham presides over the
case.


PARK MERIDIAN: Files Updated Cash Collateral Budget
---------------------------------------------------
Park Meridian, LLC, has filed with the U.S. Bankruptcy  Court for
the Northern District of Georgia, Gainesville Division, an
amendment to its cash collateral motion for the purposes of
attaching an updated budget.  A copy of the cash collateral budget
is available is available for free at http://is.gd/Qp6vM4

Park Meridian has sought approval to use cash collateral securing
its prepetition indebtedness to  meet its ordinary operating
expenses.  To the extent that the Debtor uses the cash collateral,
the Debtor proposes to grant Northside-Rosser Debt Holdings LLC
replacement liens in rents generated postpetition of the same kind,
extent and priority as those existing prepetition.  

                       About Park Meridian

Park Meridian owns a commercial building located at 3890 Johns
Creek Parkway, in Suwanee, Forsyth County, Georgia.
Northside-Rosser asserts a first priority lien on the property and
the rents therefrom to secure a claim in the disputed amount of
$10,549,229.  The Debtor says the property has a market value of at
least $11,000,000.

Park Meridian 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 Debtor is represented by William A. Rountree, Esq., at Macey,
Wilensky & Hennings LLC, in Atlanta, Georgia.

The Atlanta-based debtor estimated $10 million to $50 million in
assets and debt.



PETRO RIVER OIL: Reports $1.05-Mil. Net Loss For Q3 Ending Jan. 31
------------------------------------------------------------------
Petro River Oil Corp. filed its quarterly report on Form 10-Q,
disclosing a net loss of $1.05 million on $488,000 of revenue for
the three months ended Jan. 31, 2015, compared with a net loss of
$1.63 million on $117,713 of revenue for the same period last
year.

The Company's balance sheet at Jan. 31, 2015, showed $19.06 million
in total assets, $1.2 million in total liabilities, and
stockholders' equity of $17.9 million.

The Company has not generated any significant revenues from ongoing
operations and incurred net losses since inception.  These matters
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/MS79O0

Houston, Texas-based Petro River Oil Corp. is engaged in the
exploration and exploitation of heavy oil properties.  It has
interests in approximately 115,000 gross acres of oil and gas
assets in the Mississippi Lime play, which consist of a 100%
interest in 120 oil and gas leases that cover approximately 85,000

gross mineral acres located in various counties in the state of
Kansas.



PLATTSBURG SUITES: Owners to Stay by Backstopping Payments
----------------------------------------------------------
Plattsburgh Suites, LLC, has proposed a reorganization plan that
offers 15 cents on the dollar to unsecured creditors and let
current owners retain control of the company.

According to the Disclosure Statement, the Debtor proposes to pay
all allowed real property taxes in full with statutory interest of
12% on or before Jan. 15, 2020.  The Debtor proposes to pay the
allowed secured claim of Stabilis Fund II on a 30-year amortization
schedule at 4.25%, with a balloon in 10 years.  Unsecured creditors
will receive 1.5% per year for 10 years for a total distribution of
15%.  Insider unsecured creditors will receive 0.5% per year for 10
years for a total distribution of 5%.  The current owners of the
Debtor will retain 100% membership in exchange for backstopping
payments to non-insider unsecured creditors.

The Debtor reported gross revenue for the past two years before
the bankruptcy filing have been between $2,100,000 and $2,400,000,

with operating expenses of approximately $1,200,000.00.  The
Debtor has also paid bankruptcy fees and other bankruptcy related
expenses and is making adequate protection payments.  The Debtor
believes it will have sufficient revenue to make the proposed Plan

payments to Stabilis Fund II and the Taxing Authorities.  
Unsecured creditor payments total $180,000 per year for non-
insiders and approximately $60,000 for insiders.

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

                        http://is.gd/jGjA0N

                         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.  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.

In its amended schedules, the Debtor disclosed $15.7 million in
assets and $32.1 million in liabilities as of the Chapter 11
filing.



PLATTSBURG SUITES: Receiver Balks at Bid to Terminate Receivership
------------------------------------------------------------------
Jonathan B. Shultz of Onyx Equities, LLC, the receiver appointed by
state court for the property of debtor Plattsburgh Suites, LLC,
objected to the Debtor's motion in Bankruptcy Court to terminate
the receivership.

The Receiver tells the Bankruptcy Court that: (1) he has not failed
to pay 2015 real property taxes; (2) he has complied with all
provisions of the receiver order; and (3) he has attempted to work
closely with the lender and the Debtor.

On March 10, 2015, the Debtor filed documents seeking to terminate
the state court receivership, obtain an accounting and fee
application by the receiver, and turnover of the funds held by the
receiver.  The Debtor also said it intended to continue to use
Unite Realty Management Corp., on the same terms as the receiver
did.

In a memorandum of law in support of the motion, the Debtor
submitted that the receivership is not necessary particularly since
the state court receiver has been relying on the Debtor's
foreclosure management company to actually manage its facility.

Lender Stabilis Fund II, LLC, has objected to the Debtor's motion.

                         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.

In an amended schedules, the Debtor disclosed $15,700,000 in assets
and $32,088,977 in liabilities as of the Chapter 11 filing.



PLATTSBURGH SUITES: Bid to End Receivership Opposed
---------------------------------------------------
Jonathan B. Shultz of Onyx Equities, LLC, the receiver appointed by
state court for the property of debtor Plattsburgh Suites, LLC,
objected to the Debtor's motion in Bankruptcy Court to terminate
the receivership.

The Receiver tells the Bankruptcy Court that: (1) he has not failed
to pay 2015 real property taxes; (2) he has complied with all
provisions of the receiver order; and (3) he has attempted to work
closely with the lender and the Debtor.

On March 10, 2015, the Debtor filed documents seeking to terminate
the state court receivership, obtain an accounting and fee
application by the receiver, and turnover of the funds held by the
receiver.  The Debtor also said it intended to continue to use
Unite Realty Management Corp., on the same terms as the receiver
did.

In a memorandum of law in support of the motion, the Debtor
submitted that the receivership is not necessary particularly since
the state court receiver has been relying on the Debtor's
foreclosure management company to actually manage its facility.

Lender Stabilis Fund II, LLC, has objected to the Debtor's motion.

                         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.  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.

In its amended schedules, the Debtor disclosed $15,700,000 in
assets and $32,088,977 in liabilities as of the Chapter 11 filing.



REVSTONE INDUSTRIES: Delaware Court Confirms Chap. 11 Plans
-----------------------------------------------------------
Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the
District of Delaware on March 23, 2015, confirmed the Joint Chapter
11 Plan of Reorganization of Revstone Industries, LLC, Spara, LLC,
Greenwood Forgings, LLC, and US Tool & Engineering, LLC, and the
Chapter 11 plan of liquidation of TPOP, LLC, f/k/a Metavation,
LLC.

Judge Shannon signed the confirmation orders after an overwhelming
majority of holders of all classes of claims entitled to vote on
the two Plans voted to accept the Plans.  Catherine
Nownes-Whitaker, an employee of Rust Consulting/Omni Bankruptcy,
filed a declaration saying 100% in number and 100% in dollar amount
of holders of GUC and PBGC Claims voted to accept the Plan.  Prior
to the confirmation hearing, TPOP filed plan supplements disclosing
the qualifications of, and the proposed compensation for, the Plan
Administrator, and the identification of any executory contracts
and/or leases to be assumed pursuant to the Plan.

All objections and reservation of rights pertaining to confirmation
of the Revstone and TPOP Plans that have not been withdrawn,
waived, or settled are overruled on the merits.  Ascalon
Enterprises, LLC, 100% owner and sole member of Revstone and Spara,
objected to the confirmation of TPOP's plan, complaining that the
injunctions, releases and exculpations of third parties included in
the TPOP Plan exceeds the statutory authorization of the Bankruptcy
Code.  In response to Ascalon's objection, TPOP argued that to the
extent Ascalon is challenging not just third-party releases but is
also challenging an alleged de facto discharge of claims a
liquidating debtor, it has no standing as a non-creditor to make
the latter objection.

The Revstone Plan also received two objections -- from Ascalon and
Medley Capital Corp. -- but the Revstone Debtors argued that these
objections should be overruled as they have come to a settlement in
principle with Medley and the Ascalon objection is over a narrow
release Revstone asserts is appropriate under bankruptcy law,
Law360 reported.

The Revstone Confirmation Order states that the Plan and the
Confirmation Order do not discharge (i) any environmental liability
to any governmental unit that is not a claim as defined in Section
101(5) of the Bankruptcy Code; (ii) any environmental claim of any
governmental unit arising on or after the effective date; (iii) any
environmental liability to any governmental unit on the part of any
entity as the owner or operator of property after the effective
date; or (iv) any liability to the United States on the part of any
person or entity other than the Debtors or Reorganized Debtors.

The TPOP Confirmation Order states that the Plan and the
Confirmation Order do not reduce any rights or defenses of the TPOP
or General Motors LLC including, without limitation, any
affirmative DIP Financing Claims and/or Prepetition Credit
Agreement Secured Claims.

As previously reported by The Troubled Company Reporter, Revstone
Industries, LLC, Spara, LLC, Greenwood Forgings, LLC, and US Tool
&
Engineering, LLC, on Dec. 10, 2014, filed with the Bankruptcy
Court
a joint Chapter 11 plan and disclosure statement, which
incorporate
the Bankruptcy Court-approved settlement between the Debtors and
each of their respective debtor and non-debtor subsidiaries,
except
TPOP, LLC, the Pension Benefit Guaranty Corporation, the Official
Committee of Unsecured Creditors, and Boston Finance Group, LLC,
and a separate intercompany settlement among Revstone and Spara
and
each of their respective debtor and non-debtor subsidiaries.

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that for Revstone's unsecured creditors with claims
ranging from $24.5 million to $41.5 million, the projected
recovery
is 7.2 percent to 12.2 percent.  For unsecured creditors of
affiliate Spara LLC, the predicted recovery is about 4.2 percent
to
creditors with some $13 million in claims, while unsecured
creditors of Greenwood Forgings LLC and US Tool & Engineering LLC
don’t get anything, the report said.

The PBGC is projected for recovery of $77 million, although not
less than $75 million, after giving credit to money earmarked for
unsecured creditors, the Bloomberg report added.

                About Revstone Industries, et al.

Lexington, Kentucky-based Revstone Industries LLC, a maker of
truck
parts, filed for Chapter 11 bankruptcy (Bankr. D. Del. Case No.
12-13262) on Dec. 3, 2012.  Judge Brendan Linehan Shannon oversees
the case.  Laura Davis Jones, Esq., Timothy P. Cairns, Esq., and
Colin Robinson, Esq., at Pachulski Stang Ziehl & Jones LLP
represent Revstone.  In its petition, Revstone estimated under $50
million in assets and debts.

Affiliate Spara LLC filed its Chapter 11 petition (Bankr. D. Del.
Case No. 12-13263) on Dec. 3, 2012.

Lexington-based Greenwood Forgings, LLC (Bankr. D. Del. Case No.
13-10027) and US Tool & Engineering LLC (Bankr. D. Del. Case No.
13-10028) filed separate Chapter 11 petitions on Jan. 7, 2013.
Judge Shannon also oversees the cases.

Duane David Werb, Esq., at Werb & Sullivan, serves as bankruptcy
counsel to Greenwood and US Tool.  

Greenwood estimated $1 million to $10 million in assets and $10
million to $50 million in debts.  US Tool & Engineering estimated
under $1 million in assets and $1 million to $10 million in debts.

The petitions were signed by George S. Homeister, chairman.

Metavation, also known as Hillsdale Automotive, LLC, joined parent
Revstone in Chapter 11 (Bankr. D. Del. Case No. 13-11831) on July
22, 2013, to sell the bulk of its assets to industry rival Dayco
for $25 million.  Following the sale, Metavation changed its name
to TPOP LLC.

Metavation tapped Pachulski as its counsel.  Pachulski also
serves as counsel to Revstone and Spara.  Metavation also has
tapped McDonald Hopkins PLC as special counsel, and Rust
Consulting/Omni Bankruptcy as claims agent and to provide
administrative services.  Stuart Maue is fee examiner.

Mark L. Desgrosseilliers, Esq., Ericka Fredricks Johnson, Esq.,
Steven K. Kortanek, Esq., and Matthew P. Ward, Esq., at Womble
Carlyle Sandridge & Rice, LLP, represent the Official Committee of
Unsecured Creditors in Revstone's case.

Boston Finance Group, LLC, a committee member, also has hired as
counsel Gregg M. Galardi, Esq., and Sarah E. Castle, Esq., at DLA
Piper LLP.

                           *     *     *

Revstone Industries, LLC, Spara, LLC, Greenwood Forgings, LLC, and
US Tool & Engineering, LLC, on Dec. 10, 2014, filed with the
Bankruptcy Court a joint Chapter 11 plan and disclosure statement,
which incorporate the Bankruptcy Court-approved settlement between
the Debtors and each of their respective debtor and non-debtor
subsidiaries, except TPOP LLC fka Metavation, the Pension Benefit
Guaranty Corporation, the Official Committee of Unsecured
Creditors, and Boston Finance Group, LLC, and a separate
intercompany settlement among Revstone and Spara and each of their
respective debtor and non-debtor subsidiaries.

Under the Plan, Revstone's unsecured creditors with claims ranging
from $24.5 million to $41.5 million, the projected recovery is
7.2%
to 12.2%.  For unsecured creditors of affiliate Spara LLC, the
predicted recovery is about 4.2% to creditors with some $13
million
in claims, while unsecured creditors of Greenwood Forgings LLC and
US Tool & Engineering LLC don't get anything.

The PBGC is projected for recovery of $77 million, although not
less than $75 million, after giving credit to money earmarked for
unsecured creditors.

Judge Shannon on Jan. 15, 2015, approved the disclosure statement
explaining the Chapter 11 Plan and scheduled the confirmation
hearing to commence on March 5, 2015, at 10:00 a.m. (prevailing
Eastern time).  Plan votes are due Feb. 20.  Objections are also
due Feb. 20.

Blacklined versions of the Plan and Disclosure statement are
available at http://bankrupt.com/misc/REVSTONEplan0114.pdf


SARKIS INVESTMENTS: Judge Approves Wells Fargo Deal to Lift Stay
----------------------------------------------------------------
U.S. Bankruptcy Judge Robert Kwan approved an agreement that would
allow Wells Fargo Bank N.A. to foreclose on a property in
California.

The agreement between Sarkis Investments Company LLC and Wells
Fargo terminates the automatic stay with respect to the property
located at 130 Spinnaker Cove, in Hercules, California.

The automatic stay is an injunction that halts actions by creditors
against a company in bankruptcy protection.

Sarkis Investments asserts no interest in the property, which was
transferred to the company without its knowledge, according to
court filings.

              About Sarkis Investments Company, LLC

Sarkis Investments Company, LLC, filed a Chapter 11 petition
(Bankr. C.D. Cal. Case No. 13-29180) on July 29, 2013.  Sarkis owns
and leases several parcels of commercial real property in Ontario,
California: 3550 Porsche Way; 3640 Porsche Way; 3660 Porsche Way;
3700 Inland Empire Blvd; and 3760 Inland Empire Blvd.

Judge Robert Kwan presides over the case.  Pamela Muir signed the
petition as manager.  The Debtor estimated assets and debts of at
least $10 million.  Ashley M. McDow, Esq., at Baker & Hostetler,
LLP, serves as the Debtor's counsel.

Patrick Galentine was appointed by a state court as receiver for
the Debtor's assets.  The receiver is represented by Reed Waddell,
Esq., at Frandzel Robins Bloom & Csato, LC.

MSCI 2007-IQ13 Ontario Retail Limited Partnership, which initiated
the receivership proceedings against Sarkis in state court, is
represented by Ron Oliner, Esq., at Duane Morris LLP.

In April 2014, the Debtor filed a Second Amended Reorganization
Plan and disclosure statement.  The Debtors seeks to accomplish
payments under the plan by paying creditors on account of their
allowed claims in full over time from cash flows generated from
future operations or the proceeds from the sale of the Company or
the properties.


SARKIS INVESTMENTS: Signs Agreement With Wells Fargo to Lift Stay
-----------------------------------------------------------------
Sarkis Investments Company LLC signed an agreement with Wells Fargo
Bank N.A. that would allow the bank to foreclose on a real property
in California.

The agreement, which is subject to court approval, terminates the
automatic stay with respect to the property located at 83
Castillejo Drive, in Daly City, California.

The automatic stay is an injunction that halts actions by creditors
against a company in bankruptcy protection.

Sarkis Investments does not have ownership interest in the
property.  Title to the property was reportedly transferred to the
company without its knowledge, according to court filings.

              About Sarkis Investments Company, LLC

Sarkis Investments Company, LLC, filed a Chapter 11 petition
(Bankr. C.D. Cal. Case No. 13-29180) on July 29, 2013.  Sarkis owns
and leases several parcels of commercial real property in Ontario,
California: 3550 Porsche Way; 3640 Porsche Way; 3660 Porsche Way;
3700 Inland Empire Blvd; and 3760 Inland Empire Blvd.

Judge Robert Kwan presides over the case.  Pamela Muir signed the
petition as manager.  The Debtor estimated assets and debts of at
least $10 million.  Ashley M. McDow, Esq., at Baker & Hostetler,
LLP, serves as the Debtor's counsel.

Patrick Galentine was appointed by a state court as receiver for
the Debtor's assets.  The receiver is represented by Reed Waddell,
Esq., at Frandzel Robins Bloom & Csato, LC.

MSCI 2007-IQ13 Ontario Retail Limited Partnership, which initiated
the receivership proceedings against Sarkis in state court, is
represented by Ron Oliner, Esq., at Duane Morris LLP.

In April 2014, the Debtor filed a Second Amended Reorganization
Plan and disclosure statement.  The Debtors seeks to accomplish
payments under the plan by paying creditors on account of their
allowed claims in full over time from cash flows generated from
future operations or the proceeds from the sale of the Company or
the properties.


SHALE HOLDINGS: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Shale Holdings, Inc.
        561 Chestnut Street
        Dunmore, PA 18512

Case No.: 15-01121

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: March 23, 2015

Court: United States Bankruptcy Court
       Middle District of Pennsylvania (Wilkes-Barre)

Judge: Hon. John J Thomas

Debtor's Counsel: Mark J. Conway, Esq.
                  LAW OFFICES OF MARK J CONWAY, P.C.
                  502 South Blakely Street
                  Dunmore, PA 18512
                  Tel: 570 343-5350
                  Fax: 570 343-5377
                  Email: MJC@mjconwaylaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Joseph D. Palko, president.

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


SHIROKA DEVELOPMENT: Sale of Property to Fund Plan
--------------------------------------------------
Shirokia Development, LLC, has a Chapter 11 plan that will be
funded with the net proceeds from the refinance or sale of the
Debtor's property.

The Debtor will market the Property and, subject to Bankruptcy
Court approval, engage a real estate broker to assist in such
efforts, in order to refinance or sell and liquidate the Property
for the highest and best price on or before the Sale Closing Date.
Upon Closing, the proceeds of sale shall be distributed to holders
of Claims and interests.  At an auction, 38 AR will be entitled to
and have the absolute right to credit bid the full amount of its
secured claim.

The Debtor will have the absolute right, through refinance, sale
or otherwise, to satisfy the 38 AR Allowed Secured Claim at any
time, up to the commencement of the auction. In the event that the

Debtor satisfies the claim in full prior to the auction, the
auction shall be deemed canceled.

A copy of the Second Amended Disclosure Statement filed in support
of its Second Amended Reorganization Plan dated March 9, 2015, is
available for free at http://is.gd/QXucnn

                          About Shirokia

Shirokia Development, LLC, a real property owner in Flushing, New
York, currently being controlled by a receiver, filed a Chapter 11
bankruptcy petition in Manhattan, on Aug. 12, 2014.

Hong Qin Jiang signed the petition as authorized individual.  The
Debtor disclosed, in an amended schedules total assets of $28.4
million and total liabilities of $16.8 million.  The Debtor has
tapped Dawn Kirby Arnold, Esq., at DelBello Donnellan Weingarten
Wise & Wiederkehr, LLP, as counsel.



SHIROKIA DEVELOPMENT: Taps Besen & Associates to Sell NY Property
-----------------------------------------------------------------
Shirokia Development LLC filed with the U.S. Bankruptcy Court an
agreement with Besen & Associates, Inc., which provides that Besen
will have an exclusive right until March 31, 2015, to sell, net
lease or otherwise dispose of all or any portion of the real
property and air rights at 42-28 38th Avenue Flushing, New York.

The Debtor said that the asking price for the property will be
$24,750,000.

Besen will receive a commission equal to 5 percent of the purchase
price of the property, to be paid upon the occurrence of any of
these:

   1. The property is sold or otherwise conveyed during the term by
Besen or seller, or any other person or entity; or

   2. A buyer is procured during the term who is ready, willing and
able to purchase the property on the terms and conditions
acceptable to the seller and if the title subsequently does not
close due to the willful default of the seller; or

   3. A sale, exchange or other conveyance of the property is made
within one year after the expiration of the term to a person or
entity with whom Besen has negotiated with.

                          About Shirokia

Shirokia Development, LLC, a real property owner in Flushing, New
York, currently being controlled by a receiver, filed a Chapter 11
bankruptcy petition in Manhattan, on Aug. 12, 2014.

Hong Qin Jiang signed the petition as authorized individual.  The
Debtor disclosed, in an amended schedules total assets of
$28.4 million and total liabilities of $16.8 million.  The Debtor
has tapped Dawn Kirby Arnold, Esq., at DelBello Donnellan
Weingarten Wise & Wiederkehr, LLP, as counsel.



SHOTWELL LANDFILL: SCG Won't Waive Poyner Spruill Conflict
----------------------------------------------------------
LSCG Fund 18, LLC, filed a limited objection to Shotwell Landfill,
Inc., et al.'s application to employ Keith H. Johnson and Poyner
Spruill LLP as special counsel.

LSCG noted that that Poyner Spruill is employed by affiliate
companies of LSCG to perform work unrelated to the bankruptcy case.
LSCG agreed to waive the conflict only if the parties executed a
settlement agreement pursuant to the settlement term sheet.

LSCG noted that almost four months after the agreement to settle,
the parties have not executed a settlement agreement and at this
time, LSCG does not waive the conflict.

The Debtors tapped the special counsel to provide advice relating
to regulatory provisions in the Debtor's Settlement Agreement with
LSCG.  Mr. Johnson has been with the firm located at 301
Fayetteville Street, Suite 1900, Raleigh, North Carolina, and his
hourly rate is $440.  Mr. Johnson and the firm have performed legal
work related to permit and franchise compliance and regulatory
issues for the Debtor for a number of years.

                      About Shotwell Landfill

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

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

Shotwell Landfill appointed Doug Gurkins as restructuring officer.

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

                           *     *     *

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



SOBELMAR ANTWERP: Court Grants Interim Relief Request
-----------------------------------------------------
Sobelmar Antwerp on March 24 disclosed that, in connection with its
Chapter 11 proceedings in Hartford, Connecticut, the Court has
granted all of the interim relief that Sobelmar requested.  This
includes for the M/V Brasschaat, the M/V Vyritsa, the M/V Kovdor
and the M/V Zarachensk:

   -- The right to continue to operate and pay all voyage and
operating expenses in the ordinary course
   -- The right to continue to pay employees and crew in the
ordinary course

   -- The right to continue all cash management procedures in the
ordinary course

   -- The right to continue to maintain all insurance in the
ordinary course

According to a spokesperson for Sobelmar, "It is business as usual
for our vendors, customers and charter parties.  We have been
authorized to continue to pay all of our operating expenses in the
ordinary course of business and to honor all of our existing and
new charter commitments without risk of business interruption or
vessel arrest.  We thank our many industry friends for their
continuing business with us as we move forward towards a speedy
emergence from Chapter 11 as an even stronger business for many
years to come."

Here is a list of answers to "frequently answered questions".

Why did Sobelmar file for Chapter 11?

Despite our success over the past several years in implementing our
business plan and our continued servicing of our vessel debt
service, we were unable to reach an agreement concerning our future
debt repayments.  We believe that the Chapter 11 process will help
facilitate a restructuring, which is designed to continue Sobelmar
as a strong, profitable shipping business.  We are already working
closely with our vessel lender and are confident that the process
will be successful and we will emerge as an even stronger, more
competitive company.

Can charter customers be confident to continue chartering
Sobelmar's vessels and that there will be no delays or
complications with respect to the shipping and delivery of their
cargo?

Absolutely. Our Chapter 11 restructuring is the result of our debt
repayment schedule, not any defaults or difficulties with respect
to vessel charters or the timely of vessel cargoes.  Our vessel
operations remain "business as usual" and we look forward to
continuing our excellent relationships with our charter parties and
our cargo customers.

How are charter customers protected from potential vessel arrests
and other possible interruptions in service?

You are protected in two critical ways.  First, Chapter 11 serves
as an "automatic stay" of any creditor enforcement actions, meaning
the US Court has issued an order with worldwide effect that
prevents persons from arresting our vessels or disrupting our
services.  Second, because the US Court has authorized us to
continue to pay our suppliers, vendors, port charges and other
operating expenses in the ordinary course of business, and because
we are also authorized to continue to maintain all necessary
insurance coverage and class and other certifications, there is no
basis for any person to seek to arrest our vessels or disrupt our
services even if they were not prevented from doing so by Chapter
11.

Will suppliers continue to be paid for goods and services provided
after the Chapter 11 filing?

Absolutely. US law gives administrative priority to payments for
goods and services received after the Chapter 11 filing and
Sobelmar is both fully able to and completely committed to paying
its suppliers and other operating expenses in the ordinary course
of business.

What about unpaid supplier invoices for goods and services provided
before Sobelmar filed for Chapter 11 reorganization?

Sobelmar greatly values our excellent relationships with our
vendors and charter parties and with the full cooperation of our
lender, Sobelmar has already obtained approval from the US Court to
pay our pre-Chapter 11 invoices in the ordinary course of business
on ordinary credit terms.

Does Sobelmar have enough cash to stay in business?

Absolutely. We already have a consensual agreement in place with
our lender that has received approval from the US Court to continue
in the ordinary course to pay employees and crew, to maintain all
insurance and to continue to operate and pay all operating expenses
-- all without the need to borrow any new funds.

So what does Sobelmar intend to accomplish through its Chapter 11
filing?

Sobelmar has been in business for more than 20 years and, through
our Chapter 11 filing, we intend to continue to remain in business
as an even stronger, more competitive industry participant.  We
thank all of our charter customers, vendors, suppliers, employees
and crew for their support and look forward to continuing our
relationships with them for many years to come.

Sobelmar's principal legal advisor for the restructuring process
and Chapter 11 proceedings is Bracewell & Giuliani LLP, with the
Hamburg-based Falkenberg Law Office continuing to provide normal
course corporate and maritime legal services.  Sobelmar's financial
advisor is Odinbrook Global Advisors LLC.

                       About Sobelmar Antwerp

Sobelmar Antwerp N.V., a Belgium corporation provides worldwide
seaborne transportation services, operating a fleet of four
handysize bulk carriers.  The vessels Brasschaat, Vyritsa, Kovdor,
and Zarachensk, are owned that are all Marshall Islands
corporations.

Sobelmar Antwerp N.V. and its affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Conn. Lead Case No. 15-20423) in
Hartford, Connecticut, in the United States on March 17, 2015.  

The Debtors have approximately $66.2 million in assets and $63
million in liabilities as of Dec. 31, 2014.

The Debtors tapped Bracewell & Giuliani LLP, in Hartford,
Connecticut, as counsel.

The formal schedules of assets and liabilities are due March 31,
2015.


STANDARD REGISTER: April 1 Hearing on Bidding Procedures
--------------------------------------------------------
The Standard Register Company, et al., are slated to appear before
the U.S. Bankruptcy Court for the District of Delaware on April 1,
2015 at 10:00 a.m. to seek approval of proposed procedures in
connection with a sale process where a group led by Silver Point
Capital, L.P., would serve as stalking horse bidder.

As aggregate consideration, the Silver Point group is offering
$275,000,000, which includes an estimated cash component of
$130,000,000 and an estimated initial credit bid of $113,000,000.

Objections to the proposed bidding procedures are due March 25,
2015 at 4:00 p.m.

Due to the Debtors' severe liquidity constraints, Debtors and
investment banker Lazard Middle Market LLC did not engage in a
complete pre-filing marketing process of the Debtors' business
However, the Debtors and Lazard were approached by several
potential strategic buyers that expressed an interest in evaluating
the transaction.

Following negotiations, the Debtors executed an Asset Purchase
Agreement, dated as of March 11, 2015, to sell the assets to a
group led by an affiliate of Silver Point Capital, as the buyer and
stalking horse bidder, subject to higher and better offers.

The entity formed by the Silver Point group -- Standard Acquisition
Holdings, LLC -- has agreed to purchase substantially all of the
Debtors’ assets in exchange for aggregate consideration in amount
of approximately $275,000,000, which includes the assumption of the
assumed liabilities.  It is contemplated that the Debtors'
prepetition first lien lenders will satisfy a substantial portion
of the purchase price by a credit bid of the obligations under the
Prepetition First Lien Credit Agreement.

Pursuant to First Lien Credit Agreement, dated Aug. 1, 2013, with
Silver Point Finance LLC, as agent, the Debtors owe an aggregate
principal amount of $115.4 million on a term loan (the "First Lien
Debt") secured by a first priority security interest in the
Debtors' owned real property.

The Debtors propose to solicit bids for the assets.  The Debtors
intend to conduct an auction in a controlled, fair and opening
manner to enable the Debtors to select the highest or otherwise
best offer for the assets.

The Debtors propose these procedures:

   -- Objections, if any, to the sale of the assets to the Silver
Point Group must be filed and served by May 21, 2015 at 4:00 p.m.
(prevailing Eastern Time);

   -- Interested parties must submit initial bids on or before June
1, 2015 at 5:00 p.m. (prevailing Eastern Time);

   -- If no qualified bids are received by the bid deadline, the
sale hearing to approve the sale of the assets to the Silver Point
Group will be held on June 4, 2015;

   -- To the extent that the Debtors received qualified bids, an
auction will take place on June 8, 2015 at 10:00 a.m. (prevailing
Eastern Time) at the offices of counsel for the Debtors, Gibson,
Dunn & Crutcher LLP, 200 Park Avenue, New York, NY 10166;

   -- Objections, if any, to the selection of the successful bidder
(if not the Silver Point Group) or to the conduct of the auction
must be filed and served by June 10, 2015 at 4:00 p.m. (prevailing
Eastern Time); and

   -- If there is an auction, the sale hearing to approve the sale
of the assets to the successful bidder will be held on June 12,
2015.

In the event the Debtors close the sale with another party, the
Debtors propose to grant the Silver Point Group a break-up fee in
the amount of 2% of the Purchase Price, and reimbursement of its
actual and reasonable expenses, including attorney's fees, in an
amount not to exceed 1.5% of the Purchase Price.

A copy of the Bidding Procedures Motion is available for free at:

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

Silver Point is represented by:

         Ron E. Meisler, Esq.
         SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
         155 N. Wacker Dr., Suite 2700
         Chicago, IL 60606
         E-mail: ron.meisler@skadden.com

            -- and --

         Sarah E. Pierce, Esq.
         SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
         One Rodney Square
         920 N. King Street
         Wilmington, DE 19801
         E-mail: sarah.pierce@skadden.com

                      About Standard Register


Standard Register -- http://www.standardregister.com/-- provides
market-specific insights and a compelling portfolio of workflow,
content and analytics solutions to address the changing business
landscape in healthcare, financial services, manufacturing and
retail markets.  The company has operations in all U.S. states and
Puerto Rico, and currently employs 3,500 full-time employees and 16
part-time employees.

The Standard Register Company and 10 affiliated debtors sought
Chapter 11 protection in Delaware 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.

The cases are pending before the Honorable Judge Brendan L. Shannon
and are jointly administered under Case No. 15-10541.

The Debtors have tapped Gibson, Dunn & Crutcher LLP and Young
Conaway Stargatt & Taylor LLP as counsel; McKinsey Recovery &
Transformation Services U.S., LLC, as restructuring advisors; and
Prime Clerk LLC as claims agent.


STANDARD REGISTER: Can Tap Prime Clerk as Claims & Noticing Agent
-----------------------------------------------------------------
The Standard Register Company, et al., obtained authority from the
U.S. Bankruptcy Court for the District of Delaware to employ Prime
Clerk LLC as claims and noticing agent to, among other things, (i)
distribute required notices to parties in interest, (ii) receive,
maintain, docket and otherwise administer the proofs of claim filed
in the Debtors' Chapter 11 cases, and (iii) provide other
administrative services, as required by the Debtors, that would
fall within the purview of services to be provided by the Clerk's
Office.

Although the Debtors have not yet filed their schedules of assets
and liabilities, they anticipate that there will be in excess of
50,000 entities to be noticed.

Prime Clerk will provide services on an as-needed basis and upon
request or agreement of the Company, in each case in accordance
with the rate structure.  The rate structure was not included in
the engagement agreement that was submitted to the bankruptcy
court.

Prior to the Petition Date, the Debtors provided Prime Clerk a
retainer in the amount of $35,000.

The claims agent can be reached at:

         PRIME CLERK LLC
         830 3rd Avenue, 9th Floor
         New York, NY 10022
         Attn: Shai Waisman
         Tel: (212) 257-5450
         E-mail: swaisman@primeclerk.com

                      About Standard Register

Standard Register -- http://www.standardregister.com/-- provides  
market-specific insights and a compelling portfolio of workflow,
content and analytics solutions to address the changing business
landscape in healthcare, financial services, manufacturing and
retail markets.  The company has operations in all U.S. states and
Puerto Rico, and currently employs 3,500 full-time employees and
16
part-time employees.

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.

The Debtors have tapped Young Conaway Stargatt & Taylor LLP as
counsel, and Prime Clerk LLC as claims agent.



STANDARD REGISTER: Files First Omnibus Motion to Reject Leases
--------------------------------------------------------------
Judge Brendan L. Shannon will convene a hearing on April 13, 2015
at 10:00 a.m. to consider approval to The Standard Register
Company, et al.'s first omnibus motion for an order authorizing
rejection of certain unexpired leases.

Following Standard Register's acquisition of WorkflowOne, LLC, in
2013, the Debtors commenced a restructuring process to streamline
their operations and to implement various savings and efficiency
initiatives, including the consolidation of facilities and
warehouses. Certain leased properties were vacated in the course of
this restructuring process.

Because the Debtors no longer occupy and use these properties, the
Debtors seek the Court's authorization to reject, nunc pro tunc to
the Petition Date, the currently unexpired lease agreements related
thereto:

   * 60 Walnut Ave., Suite 310 Clark, NJ 07066; Lease Term
Expiration: 7/31/2015; Monthly Expense: $6,328; Landlord: TAK
Realty and Investment, LLC ;

   * 13545 Barrett Parkway, Ste. 350, St. Louis, MO 63021; Lease
Term Expiration: 7/31/2015; Monthly Expense: $4,339; Landlord: BWC
Exchangepoint LLC c/o Solon Gershman Inc.;

   * 2 International Dr., Ste. 306 Nashville, TN 37217; Lease Term
Expiration: 9/30/2015; Monthly Expense: $3,585; Landlord: MPC
Holdings, LLC;

   * 1609 S. Bluebell Rd. Brenham, TX 77833; Lease Term Expiration:
1/31/2016; Monthly Expense: $16,500; Landlord: Rita Blumenfeld;

   * 1-5 Sassacus Dr. Westborough, MA 01581; Lease Term Expiration:
3/30/2016; Monthly Expense: $79,772; Landlord: The Realty
Associates Fund IX;

   * 2481-B 152nd Ave. Redmond, WA 98052; Lease Term Expiration:
5/31/2016; Monthly Expense: $2,727; Landlord: PS Business Parks;
and

   * 1650 Westfork Dr., Ste. 101-108 Lithia Springs, GA 30057;
Lease Term Expiration: 2/28/2016; Monthly Expense: $28,666
Landlord: ProLogis Trust.

As part of their cost-cutting, restructuring and consolidation
efforts, the Debtors have decided that they will no longer need and
can no longer afford to support the costs of the Vacant Leases on a
going-forward basis.

Objections to the First Omnibus Motion are due by March 27, 2015.

                      About Standard Register

Standard Register -- http://www.standardregister.com/-- provides
market-specific insights and a compelling portfolio of workflow,
content and analytics solutions to address the changing business
landscape in healthcare, financial services, manufacturing and
retail markets.  The company has operations in all U.S. states and
Puerto Rico, and currently employs 3,500 full-time employees and 16
part-time employees.

The Standard Register Company and 10 affiliated debtors sought
Chapter 11 protection in Delaware 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.

The cases are pending before the Honorable Judge Brendan L. Shannon
and are jointly administered under Case No. 15-10541.

The Debtors have tapped Gibson, Dunn & Crutcher LLP and Young
Conaway Stargatt & Taylor LLP as counsel; McKinsey Recovery &
Transformation Services U.S., LLC, as restructuring advisors; and
Prime Clerk LLC as claims agent.


STANDARD REGISTER: Has Interim Approval of Equity Trading Protocol
------------------------------------------------------------------
The Standard Register Company, et al., obtained interim authority
from the U.S. Bankruptcy Court for the District of Delaware to
establish notification procedures for dispositions of, or claims of
worthless stock deductions with respect to, Standard Register
stock.

The Debtors have incurred significant net operating losses
("NOLs"), in the recent past.  The Debtors' NOLs available to be
utilized are currently estimated to be $100.4 million for 2001
through 2013, plus $50 million for 2014, which are collectively
worth significant potential future income tax savings based on the
Debtors' 35% federal corporate tax rate.  Additional state tax
savings may also be available by utilizing the Debtors'
corresponding state NOLs.

Because an "ownership change" may negatively impact the Debtors'
utilization of their NOLs, the Debtors proposed these procedures:

   * Any "substantial shareholder" -- any (a) entity with
Beneficial Ownership of at least 378,014 shares of Standard
Register's Common Stock (i.e., approximately 4.5% of the
outstanding 8,400,320 shares of Common Stock), or (b) entity with
Beneficial Ownership of any shares of Standard Register's Class A
Stock -- must serve and file a declaration on      or before the
later of (i) 20 days after the date of the interim order approving
the procedures and (ii) 10 days after becoming a substantial
shareholder.

   * Prior to effectuating any transfer of the equity securities
that would result in another entity becoming a substantial
shareholder, the parties to such transaction must serve and file a
notice of the intended stock transaction.

   * The Debtors have 5 calendar days after receipt of the stock
transaction notice to object to the proposed transaction.

   * If the Debtors do not object, the proposed transaction may
proceed.

   * Any transfer of the equity securities in violation of the
procedures will be null and void ab initio.

The Debtors also proposed procedures that would restricting the
ability of shareholders that currently are, or become, a 50%
Shareholder to claim a deduction for the worthlessness of their
Stock on their federal or state tax returns (including on any such
amended Tax Returns) for any tax year ending before the Debtors’
emergence from chapter 11 protection.  Under the proposed
procedures, any entity who currently is or becomes a 50%
Shareholder must serve notice of such status on or before the later
of (i) 20 days after the date of the Notice of Order and (ii) 10
days after becoming a 50% Shareholder.

A final hearing on the motion will be conducted on April 1, 2015,
at 10:00 a.m. (ET).  The deadline by which objections to entry of
the final order must be filed is March 25.  If no objections to the
entry of a final order is timely filed, the Court may enter a final
order without further notice or a hearing.

                      About Standard Register

Standard Register -- http://www.standardregister.com/-- provides  
market-specific insights and a compelling portfolio of workflow,
content and analytics solutions to address the changing business
landscape in healthcare, financial services, manufacturing and
retail markets.  The company has operations in all U.S. states and
Puerto Rico, and currently employs 3,500 full-time employees and 16
part-time employees.

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.

The Debtors have tapped Young Conaway Stargatt & Taylor LLP as
counsel, and Prime Clerk LLC as claims agent.



STANDARD REGISTER: Has Interim OK to Pay $15MM to Vendors, Shippers
-------------------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware gave The Standard Register Company, et al.,
interim authority to pay critical vendor claims and shipper claims
in an amount not to exceed $12.2 million and $2.8 million,
respectively.

The Debtors are seeking final approval to pay in their discretion
critical vendor claims and shipper claims in the amount of up to
$20 million in the aggregate, approximately $17.2 million of which
relates to critical vendor claims and $2.8 million of which relates
to shipper claims.  The Debtors reserve the right to seek to
increase the vendor claims cap if necessary, subject to the Court's
approval.

According to the Interim Order, the Debtors are authorized to pay
the Critical Vendor Claims in the ordinary course of business when
due, not on an accelerated basis, provided, however, that any
Critical Vendor that accepts payment must agree to (a) supply goods
and services to the Debtors postpetition on customary trade terms
or on other favorable terms as are acceptable to the Debtors, and
(b) not cancel on less than 90 days' notice any contract or
agreement whereby it provides goods and/or services to the
Debtors.

The Final Hearing will take place on April 1, 2015, at 10:00 a.m.
(prevailing Eastern Time).  Any objections or responses to the
Motion must be filed on or before March 25.

                      About Standard Register

Standard Register -- http://www.standardregister.com/-- provides  
market-specific insights and a compelling portfolio of workflow,
content and analytics solutions to address the changing business
landscape in healthcare, financial services, manufacturing and
retail markets.  The company has operations in all U.S. states and
Puerto Rico, and currently employs 3,500 full-time employees and
16
part-time employees.

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.

The Debtors have tapped Young Conaway Stargatt & Taylor LLP as
counsel, and Prime Clerk LLC as claims agent.



WASHINGTON MUTUAL: WMI Trust Provides Information on Escrow CUSIPs
------------------------------------------------------------------
WMI Liquidating Trust, formed pursuant to the confirmed Seventh
Amended Joint Plan of Affiliated Debtors under Chapter 11 of the
United States Bankruptcy Code of Washington Mutual, Inc. ("WMI"),
on March 24 provided additional information regarding certain
Escrow CUSIPs issued to eligible former shareholders of WMI.
Eligible former shareholders are those who timely submitted
relevant documentation, including the release required under
Section 41.6 of the Plan.

As of the Effective Date of the Plan, Depository Trust Company
established and maintains positions in the Escrow CUSIPs.  These
Escrow CUSIPs represent nominees' positions that would be used to
make future distributions, if any, of common stock issued by WMI
Holdings Corp. ("WMIHC").  Pursuant to the Plan, such shares of
WMIHC's common stock were deposited in the Disputed Equity Escrow
established in accordance with the Plan and are to be maintained in
the Disputed Equity Escrow until such time as Claims involving
Disputed Equity Interests are either allowed or disallowed.

Upon resolution of those Claims, the related portion of the shares
maintained in the Disputed Equity Escrow will be distributed to the
claimant holding the newly allowed claim or, if the claim is
disallowed, the related portion of the shares will be redistributed
to beneficiaries of the Trust in accordance with the distribution
mechanics set forth in the Plan.  In the event any future
distributions of WMIHC common stock are made from the Disputed
Equity Reserve, DTC will be instructed to allocate such common
stock to each of the Escrow CUSIPs on a pro rata basis.

As stated above, the Escrow CUSIPs were established for any
potential distributions of shares of WMIHC common stock.  The only
source of common stock available for any such a distribution would
be from the 2.9 million of shares remaining on deposit in the
Disputed Equity Escrow.  Specifically, the Escrow CUSIPs do not, in
and of themselves, entitle their holders to any possible future
cash distributions from the Trust, WMIHC or the Federal Deposit
Insurance Corporation (either in its corporate capacity or as the
receiver for Washington Mutual Bank).

The Trust will issue Liquidating Trust Interests to WMI's former
shareholders if the Trust is able to monetize Liquidating Trust
Assets in amounts sufficient to pay-in-full claims held by
beneficiaries of the Trust who are senior to members of Classes 19
and 22, and if a shareholder satisfied all conditions applicable to
receiving any such Liquidating Trust Interests.  There can be no
assurances that the Trust will be able to monetize assets in a
manner sufficient to give effect to the foregoing.

The Trust discloses the status of its operations (including the
status of pending litigations) and unaudited financial information
in a Form 10-K filed annually with the Securities and Exchange
Commission.  In addition, the Trust files a Quarterly Summary
Report with the Bankruptcy Court and under Form 8-K with the
Securities Exchange Commission.

Capitalized terms used and not otherwise defined in this Press
Release have the meanings given to such terms of the Plan.  The
Plan and additional information about WMI Liquidating Trust can be
found at http://www.wmitrust.com

                    About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- was the holding company for Washington
Mutual Bank as well as numerous non-bank subsidiaries.

Washington Mutual Bank was taken over on Sept. 25, 2008, by U.S.
government regulators.  The next day, WaMu and its affiliate, WMI
Investment Corp., filed separate petitions for Chapter 11 relief
(Bankr. D. Del. 08-12229 and 08-12228, respectively).  WaMu owns
100% of the equity in WMI Investment.


WEST COAST GROWERS: Case Summary & 18 Top Unsecured Creditors
-------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

          Debtor                                    Case No.
          ------                                    -------
          West Coast Growers, Inc.                  15-11079
          a California corporation
          PO Box 296
          Biola, CA 93606-0296

          Salwasser, Inc.                           15-11080
          4087 North Howard Avenue
          Kerman, CA 93630

Chapter 11 Petition Date: March 20, 2015

Court: United States Bankruptcy Court
       Eastern District of California (Fresno)

Judge: Hon. Richard Lee

West Coast's Counsel: Hagop T. Bedoyan, Esq.
                      KLEIN, DENATALE, GOLDNER
                      5260 N Palm Ave #201
                      Fresno, CA 93704
                      Tel: 559-438-4374
                      Email: hbedoyan@kleinlaw.com

Salwasser's Counsel:  Peter L. Fear, Esq.
                      FEAR LAW GROUP, P.C.
                      7750 N Fresno St #101
                      Fresno, CA 93720-1145
                      Tel: (559) 436-6575

                                       Total     Total
                                      Assets   Liabilities
                                   ----------- ------------
West Coast                         $10.1-Mil.   $59.6-Mil.
Salwasser                          $10MM-$50MM  $10MM-$50MM

The petition was signed by Charlotte E. Salwasser, vice president.

A. List of West Coast's 18 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
RDX, Inc.                          Account Payable      $436,327
PO Box 1490
Selma, CA 93662

Internal Revenue Service           Payroll Taxes        $360,000
PO Box 7346
Philadelphia, PA 19101-7346

USDA                               Account Payable      $145,190

Raisin Administrative Committee    Account Payable      $116,793

International Paper                Account Payable       $82,529

Landsberg                          Account Payable       $37,825

Anthem Blue Cross                  Account Payable       $37,154

IEH Laboratories                   Account Payable       $32,468

UNIVAR                             Account Payable       $22,347

Commercial Manufacturing           Account Payable       $21,806

Georgia-Pacific                    Account Payable       $16,396

Jonan Energy Ltd.                  Account Payable       $13,046

ARAMAK                             Account Payable       $12,419

PG&E                               Account Payable        $6,442

JM Equipment                       Account Payable        $6,406

Weber Packaging                    Account Payable        $4,093

United Site Services               Account Payable          $387

Dellavalle                         Account Payable          $305

B. List of Salwasser's three Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Central Valley Community Bank                            $0

Charlotte Salwasser                                    Unknown

West Coast Growers                                     Unknown


WEST COAST GROWERS: Files for Ch. 11 with $60M in Debt
------------------------------------------------------
California raisin distributor West Coast Growers, Inc., sought
bankruptcy protection disclosing $59.7 million in debt against only
$10.1 million in assets

According to Web site http://www.westcoastgrowers.net/,West Coast
Growers was established August 1993 for the purpose of processing
and distributing bulk California raisins in partnership with a
major fruit packing company.  In August 2004, West Coast Growers,
began processing raisins on its own behalf under the ownership of
George and Charlotte Salwasser.  The company claims to be a
worldwide player in the raisin market, with all of the processing
and shipping done from its plant in Kerman, California.

In its statement of financial affairs, the Debtor said it had gross
sales of $20.6 million from August 20, 2014 to date, $61.4 million
of gross sales from August 2013 to July 31, 2014, and $52.2 million
in fiscal 2013.

In its schedules of assets and liabilities, the Debtor disclosed:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $10,111,211
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $51,805,338
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $360,000
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $7,486,941
                                 -----------      -----------
        TOTAL                    $10,111,211      $59,652,278

Most of the secured debt is owed to Central Valley Community Bank,
which asserts a blanket UCC lien on all assets of the Debtor.

A copy of the schedules filed together with the petition is
available for free at:

        http://bankrupt.com/misc/caeb15-11079_SAL.pdf

                     About West Coast Growers

West Coast Growers, Inc., a Kerman, California-based processor and
distributor of California raisins, sought Chapter 11 bankruptcy
protection (Bankr. E.D. Cal. Case No. 15-11079) on March 20, 2015,
in Fresno, California.  The case is assigned to Judge W. Richard
Lee.

Related entity Salwasser, Inc. (the 100% shareholder of WCG) also
sought bankruptcy protection on March 20, 2015 (Case No. 15-11080).
Charlotte Ellen Salwasser filed a Chapter 11 petition (Case No.
15-10705) on Feb. 26, 2015.  Ms. Salwasser an husband George
Salwasser are the principals and 50% shareholders of Salwasser,
Inc.  Mr. Salwasser is the president of WCG, and Ms. Salwasser is
the vice president and secretary of WCG.

The Debtors' attorneys can be reached at:

       Hagop T. Bedoyan, Esq.
       Jacob L. Eaton, Esq.
       Lisa A. Holder, Esq.
       KLEIN, DENATALE, GOLDNER, COOPER, ROSENLIEB & KIMBALL, LLP
       5260 N. Palm Avenue, Suite 201
       Fresno, California 93704
       Tel: (559) 438-4374
       Fax: (559) 432-1847
       E-mail: hbedoyan@kleinlaw.com
               jeaton@kleinlaw.com
               lholder@kleinlaw.com


WEST COAST GROWERS: Klein Denatale Serves as Counsel
----------------------------------------------------
West Coast Growers Inc. said it has agreed to pay attorney Klein,
Denatale, Goldner, Cooper, Rosenlieb & Kimball, LLP a fee for legal
services rendered based on this hourly fee schedule:

                                                Hourly Rate
                                                -----------
         Hagop T. Bedoyan                          $350
         Other Partners or Senior Attorneys     $265 to $425
         Associate or Junior Attorneys          $155 to $295
         Legal Assistants                        $85 to $150

Costs and expenses will be reimbursed by the Debtor according to
the terms of the legal services agreement dated Feb. 18, 2015.

The Debtor paid the firm a $40,000 retainer.  The firm applied
$32,100 to fees and costs incurred prepetition.

                     About West Coast Growers

West Coast Growers, Inc., a Kerman, California-based processor and
distributor of California raisins, sought Chapter 11 bankruptcy
protection (Bankr. E.D. Cal. Case No. 15-11079) on March 20, 2015,
in Fresno, California.  The case is assigned to Judge W. Richard
Lee.

Related entity Salwasser, Inc. (the 100% shareholder of WCG) also
sought bankruptcy protection on March 20, 2015 (Case No. 15-11080).
Charlotte Ellen Salwasser filed a Chapter 11 petition (Case No.
15-10705) on Feb. 26, 2015.  Ms. Salwasser an husband George
Salwasser are the principals and 50% shareholders of Salwasser,
Inc.  Mr. Salwasser is the president of WCG, and Ms. Salwasser is
the vice president and secretary of WCG.

The Debtors' attorneys can be reached at:

       Hagop T. Bedoyan, Esq.
       Jacob L. Eaton, Esq.
       Lisa A. Holder, Esq.
       KLEIN, DENATALE, GOLDNER, COOPER, ROSENLIEB & KIMBALL, LLP
       5260 N. Palm Avenue, Suite 201
       Fresno, CA 93704
       Tel: (559) 438-4374
       Fax: (559) 432-1847
       E-mail: hbedoyan@kleinlaw.com
               jeaton@kleinlaw.com
               lholder@kleinlaw.com


WINLAND OCEAN: Hires Claro Group as Advisor & Robert Ogle as CRO
----------------------------------------------------------------
Winland Ocean Shipping Corporation, et al., seek authorization from
the U.S. Bankruptcy court for the Southern District of Texas to
employ The Claro Group, LLC as Debtors' financial advisor and
consultant and Robert Ogle as Debtors' chief restructuring
officer.

The Debtors require Claro Group to serve as, financial advisor and
consultant in this case and to:

   (a) analyze the cash position and cash needs of the Debtors and

       all related entities and businesses;

   (b) analyze claims against assets held by the Debtors and all
       related entities and businesses;

   (c) provide technical and analytical support with regard to the

       abandonment, return or liquidation of the Debtors' assets;

   (d) provide technical and analytical support in connection with

       the reconciliation and collection of pre- and post-petition

       Accounts Receivable;

   (e) provide technical and analytical support in connection with

       the preparation or amendment of the Debtors' Schedules and
       Statement of Financial Affairs and for any related entities

       or businesses, if necessary;

   (f) prepare operating reports and financial statements;

   (g) provide forensic accounting and litigation support services

       to the Debtors;

   (h) provide forensic data preservation and data analytics;

   (i) provide a cash management system to control cash deposits;

   (j) analyze employee payroll information; and

   (k) provide such other services as may be required by the
       Debtors.

In addition to the general support services to be provided by Claro
Group, Ogle has been retained to act as the Debtors' CRO.  As more
fully set forth in the Consent, Claro Group, as CRO, will exercise
the following powers as an officer of the Debtors:

   (a) to execute and file all petitions, statements, schedules,
       motions, lists, applications, pleadings, plans and other
       papers in these chapter 11 cases and, in connection
       therewith, to employ, retain and obtain assistance from
       other legal counsel, accountants, financial advisors or
       other professionals or advisors which he deems necessary,
       proper or desirable in connection these chapter 11 cases.

   (b) to open and close any bank or deposit accounts, negotiate,
       execute, deliver, certify, file and/or record and perform
       (or to cause the negotiation, execution, delivery,
       certification, filing and/or recordation and performance on

       behalf of the Debtors of) such agreements, instruments,
       motions, affidavits, applications for approvals or rulings
       of governmental or regulatory authorities, certificates or
       other documents, and any amendments or supplements thereto.

   (c) to take such other action, pay all fees and expenses, and
       do or cause to be done all such further acts and thins as
       in the discretion of the CRO appear to be or become
       necessary, proper or desirable in connection with these
       chapter 11 cases or the other matters contemplated by the
       Consent.

The Debtors propose to pay Claro Group, in connection with the
Engagement Letter and these chapter 11 cases, as follows (the "Fee
Structure"):

   -- Fixed Monthly Fee: Upon the entry of an order approving
      Claro Group and Ogle's retention, the Debtors will pay Claro

      Group a fixed monthly fee of $18,000 per month, which
      monthly fee shall be calculated on a period of thirty (30)
      calendar days.

   -- Retainer: Claro Group has received a pre-petition retainer
      of $110,000 from the Debtors.  As of the Petition Date, a
      balance of $62,453.59 remained.

   -- Non-Debtor Guaranty: Pursuant to the Engagement Letter,
      Pioneer Creation Holdings Limited, the parent company of
      Winland, and Mr. Li Honlin have each agreed to guarantee
      payment of fees in excess of the retainer.

   -- Expenses: The Debtors will be responsible for all of Claro
      Group's reasonable and customary out-of-pocket expenses
      incurred by Claro Group in this engagement.

   -- Success Fee: The Debtors have agreed to pay Claro Group a
      success fee in the amount of $150,000 upon completion of (i)

      a sale of all, or substantially all, of the company's
      assets, (ii) the confirmation of a reorganization plan of
      the company, or (iii) confirmation of a liquidating plan of
      the company that distributes money to unsecured creditors or

      equity holders.

Douglas J. Brickley, managing director of Claro Group, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Okin & Adams can be reached at:

       Douglas J. Brickley
       The Claro Group, LLC
       1221 McKinney Street, Suite 2850
       Houston, TX 77010
       Tel: (713) 454-7741
       Fax: (713) 236-0033
       E-mail: dbrickley@theclarogroup.com

                    About Winland Ocean Shipping

Winland Ocean Shipping Corp. is mainly engaged in ocean
transportation of dry bulk cargoes worldwide through the ownership
and operation of dry bulk vessels and chartering brokerage
services. The company operates in the People's Republic of China,
Japan, Korea, the Russian Federation, and southern and eastern
Asia.  Winland Ocean Shipping is based in Sheung Wan, Hong Kong.

Winland Ocean Shipping Corporation and its five affiliates sought
protection under Chapter 11 of the Bankruptcy Code on Feb. 12, 2015
(Bankr. S.D. Tex., Case No. 15-60007).  The case is assigned to
Judge David R Jones.

The Debtors are represented by Matthew Scott Okin, Esq., George Y.
Nino, Esq., and Ruth E. Piller, Esq., at Okin & Adams LLP, in
Houston, Texas.  The petition was signed by Robert E. Ogle, chief
restructuring officer.


WINLAND OCEAN: Hires Okin & Adams as Counsel
--------------------------------------------
Winland Ocean Shipping Corporation, et al., seek authorization from
the U.S. Bankruptcy court for the Southern District of Texas to
employ Okin & Adams LLP as counsel to the Debtors.

The Debtors require Okin & Adams to:

   (a) advise the Debtors with respect to their rights, duties and

       powers in this case;

   (b) assist and advise the Debtors in their consultations
       relative to the administration of this case;

   (c) assist the Debtors in analyzing the claims of the creditors

       and in negotiating with such creditors;

   (d) assist the Debtors in the analysis of and negotiations with

       any third party concerning matters relating to, among other

       things, the terms of plans of reorganization;

   (e) represent the Debtors at all hearings and other
       proceedings;

   (f) review and analyze all applications, orders, statements of
       operations and schedules filed with the Court and advise
       the Debtors as to their propriety;

   (g) assist the Debtors in preparing pleadings and applications
       as may be necessary in furtherance of the Debtors'
       interests and objectives; and

   (h) perform such other legal services as may be required and
       are deemed to be in the interests of the Debtors in
       accordance with the Debtors' powers and duties as set forth

       in the Bankruptcy Code.

As set forth in the Declaration, Okin Adams has received from the
Debtors a collective retainer of $300,000, which was remitted in
four payments between Nov. 17, 2014 and Feb. 12, 2015.

Immediately prior to the bankruptcy filing, Okin Adams applied the
Retainer to pay all fees and expenses then incurred by the Debtors.
In total, Okin Adams was paid $76,663.31 in fees and expenses
prior to the Petition Date.  As of the filing of the Debtors'
bankruptcy cases, Okin Adams was not owed any fees and expenses by
the Debtors, and $223,336.69 of the Retainer remained in the client
trust account.

Matthew S. Okin, partner Okin & Adams, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

Okin & Adams can be reached at:

       Matthew S. Okin, Esq.
       OKIN & ADAMS LLP
       1113 Vine St. Suite 201
       Houston, TX 77002
       Tel: (713) 228-4100
       Fax: (888) 865-2118
       E-mail: mokin@okinadams.com

                    About Winland Ocean Shipping

Winland Ocean Shipping Corp. is mainly engaged in ocean
transportation of dry bulk cargoes worldwide through the ownership
and operation of dry bulk vessels and chartering brokerage
services. The company operates in the People's Republic of China,
Japan, Korea, the Russian Federation, and southern and eastern
Asia.  Winland Ocean Shipping is based in Sheung Wan, Hong Kong.

Winland Ocean Shipping Corporation and its five affiliates sought
protection under Chapter 11 of the Bankruptcy Code on Feb. 12, 2015
(Bankr. S.D. Tex., Case No. 15-60007).  The case is assigned to
Judge David R Jones.

The Debtors are represented by Matthew Scott Okin, Esq., George Y.
Nino, Esq., and Ruth E. Piller, Esq., at Okin & Adams LLP, in
Houston, Texas.  The petition was signed by Robert E. Ogle, chief
restructuring officer.


[*] Alvarez & Marsal Launching Investment Management Arm
--------------------------------------------------------
Joseph Checkler, writing for Daily Bankruptcy Review, reported that
restructuring and business services firm Alvarez & Marsal gained so
much experience managing the assets of Lehman Brothers that it
decided to launch an investment arm of its own, the company told
the Wall Street Journal.

According to the report, the new entity, A&M Investment Management
LLC, marks the first time Alvarez & Marsal will actively manage
money, said Bill Post, an A&M managing director who will serve as
co-national business leader for the group.


[*] Two Bankruptcy Attorneys Join McGlinchey's Louisiana Office
---------------------------------------------------------------
McGlinchey Stafford on March 24 disclosed that four attorneys have
joined the firm in Louisiana: Dustin Alonzo, Mark Chaney and Bonnie
Dye have joined the firm as Associates in New Orleans, and Melissa
Grand has joined the firm as an Associate in Baton Rouge.

"The addition of these four outstanding attorneys will strengthen
our commercial litigation and consumer financial services practices
in Louisiana," said Rudy Aguilar, Managing Member of McGlinchey
Stafford.  "We are excited to be able to offer these great
resources to our clients."

Founded in New Orleans in 1974, McGlinchey Stafford continues to
maintain its two largest offices in Louisiana, with fifty-seven
attorneys practicing in New Orleans and thirty-four in Baton Rouge.
The national law firm has experienced substantial growth and now
serves clients from twelve offices located across the country.

                      About the Attorneys

Dustin Alonzo has joined the firm as an Associate in New Orleans
handling consumer financial services compliance and litigation.  He
advises clients nationwide on compliance with state and federal
laws governing consumer financial services products and represents
financial institutions in litigation.  Mr. Alonzo received his J.D.
from Loyola University New Orleans College of Law in 2014 (magna
cum laude), and his B.S. from Washington & Lee University in 2009.

Mark Chaney has joined the firm as an Associate in the commercial
litigation section of the New Orleans office.  Mr. Chaney primarily
focuses on bankruptcy litigation and general commercial litigation.
He received his J.D. from the University of Arkansas School of Law
in 2014 (summa cum laude) and his B.A. from the University of
Mississippi in 2004.

Bonnie Dye has joined the firm as an Associate in the New Orleans
office primarily focusing on bankruptcy litigation, consumer
financial services litigation and general commercial litigation.
She has extensive experience handling bankruptcy and restructuring
matters for secured and unsecured lenders, creditors and creditors'
committees in Chapter 11 insolvencies, as well as representing a
number of financial institutions in complex and high-profile
bankruptcy cases.  Ms. Dye received her J.D. from Tulane University
Law School in 2008 and her B.S. from Louisiana State University in
2005 (magna cum laude).

Melissa Grand has joined the firm as an Associate in the commercial
litigation section of the firm's Baton Rouge office.  Ms. Grand
represents mortgage lenders and other financial services clients in
consumer financial services litigation.  She also has experience
handling complex commercial litigation cases in the areas of
construction litigation, insurance defense and procurement matters.
Ms. Grand received her J.D. and D.C.L. from Louisiana State
University Paul M. Hebert Law Center in 2009 and her B.A. from
Louisiana State University in 2005 (cum laude).

                    About McGlinchey Stafford

McGlinchey Stafford -- http://www.mcglinchey.com/-- is a
full-service law firm providing innovative legal counsel to
business clients nationwide.  Guiding clients wherever business and
law intersect, McGlinchey Stafford's 190 attorneys are based in
twelve offices in California, Florida, Louisiana, Mississippi, New
York, Ohio, Texas and Washington, DC.


                            *********

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

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

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2015.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***