TCR_Public/150402.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, April 2, 2015, Vol. 19, No. 92

                            Headlines

ADAMIS PHARMACEUTICALS: Gets Complete Response Letter From FDA
AES CORP: Fitch Assigns 'BB' Rating on $575MM Sr. Notes
AGFEED INDUSTRIES: Must Pay $2.8-Mil. Claim Despite Hormel Suit
ALLY FINANCIAL: Inks Underwriting Agreement with Barclays, Et Al.
AMAZING ENERGY: Reports $271K Net Loss for Q2 Ended Jan. 31

AMERIGAS PARTNERS: Fitch Affirms 'BB' IDR; Outlook Stable
ANESTHESIA HEALTHCARE: Wants April 9 Fixed as Admin Claims Bar Date
ANTIOCH CO: McDermott Fights Stay in Row
ARAMID ENTERTAINMENT: Wants Until July 17 to Propose Plan
ATLANTIC CITY, NJ: Governor Extends Terms of $40-Mil. Loan

ATLAS ENERGY: S&P Withdraws 'B' Corp. Credit Rating
B. ENDEAVOUR: UK Administration Recognized as Main Proceedings
BERNARD L. MADOFF: Meridian Ditches Claims in Feeder Fund Suit
BLUE CALYPSO: Marcum LLP Expresses Going Concern Doubt
BOREAL WATER: Hikes Authorized Common Shares to 5 Billion

BOREAL WATER: Posts $885,000 Net Loss in 2014
BREITBURN ENERGY: S&P Affirms 'B+' CCR, Off Watch Negative
BROADVIEW NETWORKS: Reports $9.22 Million Net Loss in 2014
BROCK HOLDINGS III: S&P Lowers CCR to 'B-', Outlook Stable
BROWNIE'S MARINE: Posts $94,000 Net Income in 2014

BUDD COMPANY: Has Until July 31 to File Chapter 11 Plan
CAESARS ENTERTAINMENT: Battles $462-Mil. Pension Withdrawal Claim
CAESARS ENTERTAINMENT: Judge to Weigh Shielding Parent from Suits
CAESARS ENTERTAINMENT: Said Close to Accord with Top Lenders
CERIDIAN HCM: S&P Assigns 'B-' Corp. Credit Rating

CHARTER COMMUNICATIONS: S&P Puts 'BB-' CCR on Watch Positive
CHINA MEDICAL: Paul Weiss Rips Liquidator Push for Privileged Docs
CHRYSLER GROUP: Defective Brake Suit Moved to Bankr. Court
CITIZENS FINANCIAL: Fitch Rates $250MM Preferred Stock 'BB-'
COMMERCIAL BARGE: S&P Revises Outlook to Pos. & Affirms 'B-' CCR

COMMUNICATION INTELLIGENCE: Completes $1.2-Mil. Funding Round
CRYOPORT INC: Amends Certain Rights of Class A Preferred Stock
CYCLONE POWER: Delays 2014 Form 10-K for Review
DEB STORES: Gets Nod to Sell IP in $2.2-Mil. Deal
DELRAY HOLDING: NJ Court Axes Investors Suing Individually

DENDREON CORP: Court Okays Skadden Arps as Bankruptcy Counsel
DENDREON CORP: Lazard Freres Approved as Investment Banker
DENDREON CORP: Prime Clerk Okayed as Administrative Advisor
DENDREON CORP: Selects AlixPartners as Restructuring Advisors
DOLAN COMPANY: Court Enters Final Decree Closing Cases

DORAL FINANCIAL: Eyeing Puerto Rico Gov't for Ch. 11 Recoveries
ECOSPHERE TECHNOLOGIES: Brisben Reports 21.8% Stake as of March 20
EDELMIRO TOLEDO-CARDONA: Mortgage Row Has Court Rethinking Ruling
EGPI FIRECREEK: Directors and Officers Named
ELBIT IMAGING: Posts NIS 784 Million Profit in 2014

ENDEAVOUR INT'L: Lenders Want $440-Mil. Lien Probe Halted
FAIRFIELD SENTRY: Baupost Pushes for OK on Madoff Claim
FIRSTPAY INC: Trustee Takes $28-Mil. Tax Row to High Court
FL 6801: Soothes Condo Owners' Chap. 11 Complaints
FLINTKOTE CO: Plan Confirmation Hearing Scheduled for August 10

FUNDAMENTAL LONG TERM: Trustee Says Firm Can't Escape Bankr. Suit
FUSION TELECOMMUNICATIONS: Reports $4.3 Million Net Loss in 2014
GETTY PETROLEUM: Reaches $170-Mil. Claim Deal with REIT
GOURMET EXPRESS: Seeks Approval of $650,000 Loan
GREAT PLAINS: April 9 Hearing on Sixth Amended Plan

GREAT PLAINS: Trustee Taps Cincinnati Industrial as Auctioneer
GRIDWAY ENERGY: Looks to Chap. 7 as Funds Dry Up
GUIDED THERAPEUTICS: Reports $3.2 Million Net Loss in 4th Quarter
HCAC WEST: Case Summary & 10 Largest Unsecured Creditors
HCSB FINANCIAL: Incurs $1.4 Million Net Loss in 2014

HEALTHWAREHOUSE.COM INC: Posts $2.1 Million Net Loss in 2014
HERCULES OFFSHORE: Fails to Comply with NASDAQ Bid Price Rule
HEXION INC: S&P Assigns 'CCC+' Rating to $315MM Sr. Secured Notes
HORIZON VILLAGE: Nigro HQ Plan Confirmation Hearing April 27
HORIZON VILLAGE: To Seek Confirmation of Amended Plan April 28

HORIZON VILLAGE: Wells Fargo Asks for Valuation of Claim
HUTCHESON MEDICAL: Has Until May 20 to File Chapter 11 Plan
INERGETICS INC: Needs More Time to File Form 10-K
INT'L MANUFACTURING: Consolidation of RelyAid & DBS Air Sought
INTELLIPHARMACEUTICS INT'L: Positive Results From Clinical Trials

INTERMETRO COMMUNICATIONS: Suspending Filing of Reports with SEC
INTL MANUFACTURING GROUP: Trustee Wants FFWP Reaffirmed as Counsel
ISC8 INC: Completes Sale, Needs Until April 22 to File Plan
J&G HOSPITALITY: Case Summary & 5 Largest Unsecured Creditors
LIANA MALLO: Justices Asked to Eye Late Tax Returns' Bankr. Status

LIFE PARTNERS: Trustee Wants Operating Unit in Chapter 11
LIGHTSQUARED INC: Former Chairman Appeals Plan Confirmation Order
LIGHTSQUARED INC: NY Court Dismisses Harbinger Investor Suit
LIME ENERGY: Acquires EnerPath for $11 Million
LIME ENERGY: Approves $152,000 2014 Bonuses for CEO and CFO

LOOKSMART LTD: Albert Wong Expresses Going Concern Doubt
M & D CONSTRUCTION: Case Summary & 6 Top Unsecured Creditors
MENDOCINO COAST: Wins Confirmation of Plan of Adjustment
MIDWEST ENERGY: Schneider Expresses Going Concern Doubt
MISSISSIPPI PHOSPHATES: Can Hire DTBA for eDiscovery Services

MORTGAGE FUND '08: In Pari Delicto Appeal Brewing in Ninth Circuit
MURRAY ENERGY: Moody's Hikes CFR to B2 & Term Loan Rating to Ba3
NAVISTAR INT'L: S&P Revises Outlook & Affirms 'CCC+' CCR
NII HOLDINGS: KPMG Expresses Going Concern Doubt
OAS GROUP: Files Judicial Recovery Application for Nine Companies

ONE FOR THE MONEY: April 28 Fixed as Claims Bar Date
OPEN RANGE: USDA Slips Subcontractor's $10MM Payment Claim
ORCKIT COMMUNICATIONS: Liquidator Needs One Year to Complete Plan
ORCKIT COMMUNICATIONS: Settles Delaware Investment Lawsuit
OTERIA MOSES: 233% "Tribal Loan" Found Illegal by Fourth Circuit

OWENS-BROCKWAY GLASS: S&P Cuts Sr. Unsecured Notes Rating to 'BB'
PENN PRODUCTS: S&P Retains 'BB-' ICR Over Upsized Debt
PORTER BANCORP: Posts $11 Million Net Loss in 2014
POSITVEID CORP: Incurs $8.22 Million Net Loss in 2014
PRINCIPAL SOLAR: Whitley Penn Expresses Going Concern Doubt

RADIOSHACK CORP: Judge Approves Sale to Standard General
REALBIZ MEDIA: Incurs $1.67-Mil. Net Loss for Q1 Ended Jan. 31
REED AND BARTON: Auction Set for April 28
RICCO INC: Bankr. Trustee Wins Conversion of Case to Chapter 7
SAMSON RESOURCES: May File for Chapter 11 Bankruptcy

SAMUEL WYLY: Cries Foul Over $300-Mil. SEC Judgment
SAN GOLD: Incurs $16.4-Mil. Loss in Fourth Quarter 2014
SCIENTIFIC GAMES: Park West Asset Owns 6.6% of Class A Shares
SCRUB ISLAND: Court Approves $40-Mil. with Lender
SEAN DUNNE: Wife Sued by Bankruptcy Trustee

SIGNATURE APPAREL: Mixed Judgments in Reality TV Star's $15M Row
SKYMALL LLC: SEC Fights Assets Sale, Citing Investigation
SKYMALL LLC: Website, Other Assets Go for $1.9-Mil. at Auction
SOUTHERN FAMILY: Insurance Head Released from Testifying
SPECTRASCIENCE INC: HJ Expresses Going Concern Doubt

SPYR INC: Reports $2.19 Million Net Income in 2014
STEREOTAXIS INC: Extends Silicon Valley Credit Facility by 3 Years
SUNSHINE HEART: Ernst & Young Expresses Going Concern Doubt
SUNTECH AMERICA: Reaches Ch. 15 Antitrust Deal with Solyndra Trust
TELEXFREE LLC: Scheme Took in $1-Bil. from 1.9M Investors

TOWERGATE FINANCE: Wins U.S. Court Protection
TRANSGENOMIC INC: Needs More Time to File Form 10-K
TRILOGY DEVELOPMENT: 7th Circ. Denies Lender Coverage for Liens
TRUMP ENTERTAINMENT: $10-Mil. FinCEN Deal Moves Forward
TRUMP ENTERTAINMENT: Donald Trump Thinks Resorts Too Slow on Lease

US FT HOLDCO: S&P Puts 'B' CCR on CreditWatch Positive
VALLEY BEEF: Can't Use Trademarks, Argues St. Louis Chain
WBPB CORP: Case Summary & 18 Largest Unsecured Creditors
WCI COMMUNITIES: Insurer Says Firm Not Covered in Contempt Suit
WHITTEN FOUNDATION: Case Summary & 20 Top Unsecured Creditors

WHITTEN FOUNDATION: Louisiana Apartments Owner in Chapter 11
WHITTEN FOUNDATION: Proposes Gerald Casey as Counsel
WHITTEN FOUNDATION: Proposes to Use Cash Collateral
WINDSOR PETROLEUM: Court Enters Final Decree Closing Cases
ZION OIL: MaloneBailey LLP Raises Going Concern Doubt

[*] Arch Riley Joins Bernstein-Burkley's West Va. Office as Partner
[*] Energy, Resources Will See Most Turnaround Activity in 2015
[*] Junk Cities Across U.S. Earn Ratings Revival
[*] New Bankruptcy Filings Fell Sharply in 2014
[^] Recent Small-Dollar & Individual Chapter 11 Filings


                            *********

ADAMIS PHARMACEUTICALS: Gets Complete Response Letter From FDA
--------------------------------------------------------------
Adamis Pharmaceuticals Corporation received a Complete Response
Letter from the U.S. Food and Drug Administration regarding its New
Drug Application Epinephrine Injection USP 1:1000 0.3mg Pre-filled
Single Dose Syringe product, for the emergency treatment of acute
anaphylaxis, which is a severe allergic reaction.  On
May 28, 2014, Adamis submitted an NDA to the FDA pursuant to
Section 505(b)(2) of the Food, Drug & Cosmetic Act, as amended, for
approval of the Epinephrine PFS product.

A CRL is issued by the FDA's Center for Drug Evaluation and
Research when it has completed its review of a file and questions
remain that preclude the approval of the NDA in its current form.
The questions raised by the FDA pertain only to Chemistry,
Manufacturing and Controls relating to the volume of dose delivered
by the syringe, including our ability to deliver volume within the
levels contained in the labeling claim and as required by the FDA.
No other safety or efficacy issues were raised, and the New Drug
Application will remain open until the CMC issues are resolved.

Dr. Dennis J. Carlo, president and CEO of Adamis, stated, "We are
reviewing the CRL and plan to request a meeting with the FDA to
discuss the letter, including clarifying the product delivery
volume specifications.  Although we expect to have more clarity
with respect to timing, we believe we can satisfy all of the
requests in the CRL and will work closely with the FDA to address
the items raised in the CRL and finalize its review of our NDA.
Adamis remains committed to bringing the epinephrine PFS to
market."

                            About Adamis

San Diego, Calif.-based Adamis Pharmaceuticals Corporation (OTC
QB: ADMP) is a biopharmaceutical company engaged in the
development and commercialization of specialty pharmaceutical and
biotechnology products in the therapeutic areas of respiratory
disease, allergy, oncology and immunology.

Mayer Hoffman McCann, P.C., in San Diego, California, issued a
"going concern" qualification on the consolidated financial
statements for the transition period ended Dec. 31, 2014, citing
that the Company has incurred recurring losses from operations, and
is dependent on additional financing to fund operations.

The Company disclosed a net loss of $9.31 million on $0 of revenue
for the nine months ended Dec. 31, 2014, compared to a net loss of
$8.15 million on $0 of revenue for the 12 months ended March 31,
2014.

As of Dec. 31, 2014, Adamis had $12.9 million in total assets,
$3.39 million in total liabilities and $9.5 million in total
stockholders' equity.  

                        Bankruptcy Warning

"Our ability to obtain additional financing will be subject to a
number of factors, including market conditions, our operating
performance and investor sentiment.  If we are unable to raise
additional capital when required or on acceptable terms, we may
have to significantly delay, scale back or discontinue the
development or commercialization of one or more of our product
candidates, restrict our operations or obtain funds by entering
into agreements on unattractive terms, which would likely have a
material adverse effect on our business, stock price and our
relationships with third parties with whom we have business
relationships, at least until additional funding is obtained.  If
we do not have sufficient funds to continue operations, we could be
required to seek bankruptcy protection or other alternatives that
would likely result in our stockholders losing some or all of their
investment in us," the Company said in its annual report for  the
year ended Dec. 31, 2014.


AES CORP: Fitch Assigns 'BB' Rating on $575MM Sr. Notes
-------------------------------------------------------
Fitch Ratings has assigned a 'BB' rating to The AES Corporation's
issuance of $575 million senior unsecured notes due in 2025. The
Rating Outlook is Negative.

The notes are senior unsecured obligations of AES and rank equally
with all other unsecured obligations of the company.  AES will use
net proceeds from the notes to redeem up to $500 million of its
outstanding senior unsecured notes, including 8.00% senior notes
due in 2017 and 2020, and 7.375% senior notes due 2021.

Fitch had revised the Rating Outlook for AES to Negative from
Stable in December 2014 following the dilution of its ownership in
IPALCO Enterprises, Inc. (IPALCO), which Fitch considered to be a
credit supportive core holding.  AES' sale of equivalent of a 30%
economic interest in IPALCO reduced what Fitch Ratings had expected
to be a growing source of high quality, predictable cash flow
through additional equity investments into Indianapolis Power &
Light Co. (IPL), a wholly-owned subsidiary of IPALCO.

KEY RATING DRIVERS

Deleveraging is Critical: Fitch will likely resolve the Negative
Rating Outlook after reassessing AES' portfolio strategy,
forecasted cash flow profile, and leverage targets.  Fitch expects
further reduction in parent company debt as AES lessens its
reliance on U.S.-domiciled regulated businesses.  Even though the
annual dividends received by AES are from a diverse set of
investments, distributions from domestic utilities, and contracted
assets improve overall cash flow quality and support the current
IDR.  Fitch expects AES' adjusted parent-only cash flow (APOCF)
based leverage to remain at or below 5.5x.

Cash-flow Diversity Drives Credit Profile: AES owns a portfolio of
electric utilities and power generating assets across five
continents.  Historically, its cash flow included distributions
from over 50 projects in any given year.  Investment diversity
shields the company from the macro and micro economic environment
adversity affecting a local domestic electricity sector.
Additionally, growth through investment in contracted assets
improves cash flow quality.

Quality of Cash flow: Fitch expects at least 70% of AES' cash flow
through 2016 will be from investments in operating utilities and
contracted generation facilities.  Distribution from utilities and
contracted generating assets improve AES' overall cash flow quality
as these businesses provide long-term cash flow visibility and
predictability.  The average remaining life of its power sale
contracts is about seven years.

Geopolitical Risks Affect Credit Profile: AES owns and operates
electricity utility businesses in more than 18 countries that are
subject to foreign exchange rate volatility and adverse global
macro-economic conditions.  In addition, governmental policy in
these countries regarding electricity tariffs, sector growth,
currency controls, and foreign direct investment also increase its
business risk profile.  These risks are reflected in AES' credit
profile for its current IDR.

High Counterparty Credit Risks: AES continuously faces high default
risk in sub-investment grade countries, adversely affecting its
subsidiary level cash flow.  These risks are common in emerging
economies where state finances and property rights are weak.
Fitch's forecast is adjusted for these uncertainties and they are
reflected in its IDR.

Aggressive Shareholder Distribution Policy: In February 2015, AES'
board of directors approved a new $400 million share repurchase
program.  In December 2014, AES' board increased quarterly
dividends to $0.10 per share from $0.05 per share, with an expected
annual growth rate of 10%.  The new dividend policy became
effective in the first quarter of 2015.  Increase in shareholder
friendly activities without an absolute reduction in leverage
remains a rating concern.

RATING ASSUMPTIONS

   -- Fitch adjusts parent level cash flows for sovereign and
      merchant risk.  The cash flow reduction in expected
      distributions ranges between 2% and 6%.
   -- Corporate overheads are increased by 2% for 2015 and 2016.
   -- A 6% interest rate is used for new debt issuance through
      2016.

RATING SENSITIVITIES

Positive Rating Action: Positive rating action for AES is unlikely
at this time.

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

   -- Inability to Reach Targeted Credit Metrics: A failure to
      achieve APOCF/interest higher than 2.5x and adjusted
      debt/APOCF of 5.5x or lower on a sustainable basis;
   -- Deterioration in Distribution Received: Any downward shift
      in the current distributions from its subsidiaries would
      adversely affect AES' ratings.  Any increase in shareholder
      distributions without an absolute reduction in debt will
      also be a cause for the rating downgrade;
   -- Increase in Business Risk Profile: A change in strategy to
      invest in more speculative, non-contracted assets or fall in

      cash flow from contracted power generation assets.



AGFEED INDUSTRIES: Must Pay $2.8-Mil. Claim Despite Hormel Suit
---------------------------------------------------------------
Law360 reported that a Delaware bankruptcy judge allowed an AgFeed
Industries Inc. creditor to collect on a $2.8 million claim against
the hog producer, saying that AgFeed's bankruptcy trustee cannot
delay payment based on the claim's potential reduction in a related
lawsuit against Hormel Foods Corp.

According to the report, U.S. Bankruptcy Judge Brendan L. Shannon
ordered AgFeed's liquidating trustee to make immediate payment to
Claims Recovery Group LLC, which bought the claim against AgFeed
that was formerly held by the debtor's primary customer, Hormel.

                     About AgFeed Industries

AgFeed Industries, Inc., has 21 farms and five feed mills in China
producing more than 250,000 hogs annually. In the U.S., the
business included 10 sow farms in three states and two feed mills
producing more than one million hogs a year. AgFeed's revenue in
2012 was $244 million.

AgFeed and its affiliates filed voluntary petitions under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Case No. 13-11761) on
July 15, 2013, with a deal to sell most of its subsidiaries to The
Maschhoffs, LLC, for cash proceeds of $79 million, absent higher
and better offers.  The Debtors estimated assets of at least $100
million and debts of at least $50 million.

Keith A. Maib signed the petition as chief restructuring officer.
Hon. Brendan Linehan Shannon presides over the case.  Donald J.
Bowman, Jr., and Robert S. Brady, Esq., at Young, Conaway,
Stargatt & Taylor, serve as the Debtors' counsel.   BDA Advisors
Inc. acts as the Debtors' financial advisor.  The Debtors' claims
and noticing agent is BMC Group, Inc.

The U.S. Trustee has appointed a five-member official committee of
unsecured creditors to the Chapter 11 cases.  The Creditors'
Committee tapped Lowenstein Sandler as lead bankruptcy counsel and
Greenberg Traurig, LLP, as co-counsel.  CohnReznick LLP serves as
the Creditors' Committee's financial advisor.

An official committee of equity security holders was also
appointed to the Chapter 11 cases.  The Equity Committee tapped
Sugar Felsenthal Grais & Hammer LLP and Elliott Greenleaf as
co-counsel.

Jefferies Leveraged Credit Products and Claims Recovery Group are
represented by Lawrence J. Kotler, Esq., and Catherine B.
Heitzenrater, Esq., at Duane Morris, LLP.


ALLY FINANCIAL: Inks Underwriting Agreement with Barclays, Et Al.
-----------------------------------------------------------------
Ally Financial Inc., on March 25, 2015, entered into an
Underwriting Agreement incorporating Ally's Underwriting Agreement
Standard Provisions (Debt Securities) with Barclays Capital Inc.,
Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and
J.P. Morgan Securities LLC, as representatives of the several
Underwriters named therein, pursuant to which Ally agreed to sell
to the Underwriters $750,000,000 aggregate principal amount of
4.125% Senior Notes due 2020 and $500,000,000 aggregate principal
amount of 4.625% Senior Notes due 2025.  The Notes were registered
pursuant to Ally's shelf registration statement on Form S-3, which
became automatically effective on Dec. 24, 2013.

The Underwriting Agreement contains customary representations,
warranties and covenants of the Company, conditions to closing,
indemnification obligations of the Company and the Underwriters,
and termination and other customary provisions.

The Notes will be issued pursuant to an Indenture dated as of as of
July 1, 1982, as supplemented and amended by the first supplemental
indenture dated as of April 1, 1986, the second supplemental
indenture dated as of June 15, 1987, the third supplemental
indenture dated as of September 30, 1996, the fourth supplemental
indenture dated as of January 1, 1998, and the fifth supplemental
indenture dated as of September 30, 1998, between the Company and
The Bank of New York Mellon (successor to Morgan Guaranty Trust
Company of New York), as trustee, and an action of the executive
committee of Ally dated as of March 25, 2015.

                       About Ally Financial

Ally Financial Inc., formerly GMAC Inc. -- http://www.ally.com/--
is one of the world's largest automotive financial services
companies.  The Company offers a full suite of automotive
financing products and services in key markets around the world.
Ally's other business units include mortgage operations and
commercial finance, and the company's subsidiary, Ally Bank,
offers online retail banking products.  Ally operates as a bank
holding company.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3 percent stake.  Private equity firm Cerberus
Capital Management LP keeps 14.9 percent, while General Motors Co.
owns 6.7 percent.

                           *     *     *

As reported by the TCR on Dec. 16, 2013, Standard & Poor's Ratings
Services said it raised its issuer credit rating on Ally Financial
Inc. to 'BB' from 'B+'.  "The upgrade reflects the company's
release from potential legal and financial liabilities stemming
from its ownership of ResCap," said Standard & Poor's credit
analyst Tom Connell.

In the April 3, 2014, edition of the TCR, Fitch Ratings has
upgraded Ally Financial Inc.'s long-term Issuer Default Rating
(IDR) and senior unsecured debt rating to 'BB+' from 'BB'.
The rating upgrade reflects increased clarity around Ally's
ownership structure given Ally's recent announcement that it has
launched an initial public offering those shares of its common
stock held by the U.S. Treasury (the Treasury).

As reported by the TCR on July 16, 2014, Moody's Investors Service
affirmed the 'Ba3' corporate family and 'B1' senior unsecured
ratings of Ally Financial, Inc. and revised the outlook for the
ratings to positive from stable.  Moody's affirmed Ally's ratings
and revised its rating outlook to positive based on the company's
progress toward sustained improvements in profitability and
repayment of government assistance received during the financial
crisis.


AMAZING ENERGY: Reports $271K Net Loss for Q2 Ended Jan. 31
-----------------------------------------------------------
Amazing Energy Oil & Gas Company filed its quarterly report on Form
10-Q, disclosing a net loss of $271,000 on $221,000 of revenue for
the three months ended Jan. 31, 2015, compared with a net loss of
$328,000 on $121,000 of revenue for the same period last year.

The Company's balance sheet at Jan. 31, 2015, showed $6.65 million
in total assets, $4.14 million in total liabilities, and
stockholders' equity of $2.51 million.

At Jan. 31, 2015, the Company had not yet achieved profitable
operations, has had accumulated losses since its inception and
expects to incur further losses in the development of its business.
These conditions 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/cy7ChD

Amazing Energy Oil & Gas Company, formerly known as Gold Crest
Mines, Inc., is in the business of exploration, development, and
mining of properties containing mineral deposits.  The focus of the
Company's exploration programs is at precious metals, primarily
gold.


AMERIGAS PARTNERS: Fitch Affirms 'BB' IDR; Outlook Stable
---------------------------------------------------------
Fitch Ratings has affirmed the 'BB' Issuer Default Rating (IDR) and
'BB' senior unsecured debt rating of AmeriGas Partners, LP (APU)
and its fully guaranteed financing co-borrower AmeriGas Finance
Corp.  Approximately $2.3 billion in outstanding long-term debt is
affected.  Fitch has also assigned a 'RR3' recovery rating to APU's
senior unsecured notes reflecting expectations for average
recoveries in a distressed scenario.  The Rating Outlook is
Stable.

APU's ratings reflect the underlying strength of its retail propane
distribution network, broad geographic reach, adequate credit
metrics, and proven ability to manage unit margins under various
operating conditions.  APU's financial performance remains
sensitive to weather conditions and general customer conservation,
and the company must continue to manage volatile supply costs and
customer conservation.

Fitch has largely viewed the retail propane sector business outlook
to be moderately negative, stressing concerns over demand
destruction due to fuel switching, price volatility and the impact
of conservation.  However, Fitch believes that APU management has
exhibited its ability and intent to maintain a stable balance sheet
and consistent credit metrics even in the face of varying market
conditions and growth through acquisitions.  APU has proven itself
adept at managing its operating costs, distribution policies, and
integrating acquisitions.  As a result, APU has seen steady EBITDA
growth, cash flow consistency and improved credit metrics over the
past several years despite elevated sales volume and commodity
price volatility.

KEY RATINGS DRIVERS

Scale of Business: APU is the largest retail propane distributor in
the country, providing it with significant customer and geographic
diversity.  This broad scale and diversity helps to dampen the
weather related volatility of cash flows.  APU is the largest
retail propane distributor in the United States with an estimated
15% market share serving approximately 2 million customers.
AmeriGas has approximately 2,000 locations in all 50 states.
Approximately 41% of retail gallons sold is for residential use,
largely heating.  Retail gallon sales are fairly evenly distributed
by geography limiting the impact that unseasonably warm weather
could have on a regional basis.

High Degree of Seasonality: APU is highly seasonal and dependent on
the winter heating season.  Approximately 75% of earnings are
derived in the first two quarters of each fiscal year (September
fiscal yearend).  With the first quarter 2015 (1Q'15) already
posted and 2Q'15 near a close with slightly warmer than normal
weather, Fitch projects 2015 results to be within the company's
previously projected ranges of $635 million to $665 million.  1Q'15
adjusted EBITDA was roughly 18% lower on a year over year basis due
largely to weather which was 6.2% warmer than normal and 10% warmer
than 1Q'14.  APU's cylinder exchange business affords some seasonal
diversity and national accounts are steady year round.  The
seasonal factors are embedded in Fitch's analysis and ratings.

Adequate Liquidity: Liquidity is adequate and maturities are
manageable.  APU's liquidity is supported by a $525 million
revolving credit facility which is typically used to fund any
short-term borrowing needs.  APU's short-term borrowing needs are
seasonal and are typically greatest during the fall and winter
heating-season months due to the need to fund higher levels of
working capital.  Availability under the revolver at Dec. 31, 2014
was $207 million.  Debt maturities through 2018 total $35 million.
Fitch does not expect APU to require any external financing and
leverage should remain fairly constant between 3.5x and 4.0x
(debt/EBITDA).  A large strategic acquisition would likely require
additional debt but this is not in the Fitch forecasts.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for the issuer
include:

   -- Maintenance capital consistent with recent historical
      results. --Acquisitions of roughly 10 million to 20 million
      gallons annually.
   -- Distribution growth of between 3% to 5% annually.
   -- Weather at or near normal for 2016-2018.

RATINGS SENSITIVITIES

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

   -- If leverage (debt/EBITDA) were to improve to between 3.0x to

      3.5x on a sustained basis and distribution coverage were to
      remain 1.1x on a sustained basis, Fitch would consider a
      positive ratings action.

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

   -- Leverage above 4.5x on a sustained basis, with distribution
      coverage below 1.0x would likely lead to a rating downgrade.

   -- Accelerating deterioration in customer, margin and or volume

      trends could lead to a negative ratings action.

Fitch has taken these rating actions on AmeriGas:

AmeriGas Partners, L.P./AmeriGas Finance Corp.

   -- IDR affirmed at 'BB';
   -- Senior unsecured debt affirmed at 'BB' and assigned an 'RR3'

      recovery rating to these notes.

The Rating Outlook is Stable.



ANESTHESIA HEALTHCARE: Wants April 9 Fixed as Admin Claims Bar Date
-------------------------------------------------------------------
Anesthesia Healthcare Partners, Inc., et al., ask the Bankruptcy
Court to enter an order fixing April 9, 2015, as the last date for
the filing of administrative expense claims.

The term "administrative expense claim" means a claim for payment
of an administrative expense of a kind specified in Section 503(b)
of the Bankruptcy Code (with the exception of 503(b)(9) claims) and
referred to in Section 507(a)(1) of the Bankruptcy Code.

The Debtors' counsel, Theodore N. Stapleton, Esq., of Theodore N.
Stapleton, P.C., explained that the Debtors need to review and
evaluate all administrative expense claims in order to ensure full
payment of same prior to the anticipated voluntary dismissal of the
case.  Furthermore, the Debtors desire a procedure that will
expedite the payment of administrative expense claims, and the
fixing of a bar date will provide a mechanism by which such claims
may be submitted and evaluated.

A hearing was held on March 5, 2015, on the U.S. Trustee's Motion
to Dismiss, which  has been continued to April 9, 2015, to allow
Dr. Suzanne Turner and her counsel to gather information relative
to dismissal versus conversion of the chapter 11 cases.  At the
March 5 hearing, a question was raised as to whether Dr. Turner or
any other creditors of the estate had been omitted from the list of
creditors and interested parties receiving notices in the case.

The Debtors' counsel certifies that all creditors were accurately
listed on the mailing matrix in the cases including Dr. Turner and
no further notice is necessary.  In order to determine the
allowance of any administrative claims, the Debtors believe it is
appropriate that the Court enter an order fixing the date for the
submission of administrative expense claims.

                   About Anesthesia Healthcare

Anesthesia Healthcare Partners, Inc. and its affiliates filed
Chapter 11 petitions (Bankr. N.D. Ga. Case No. 14-59631) in Atlanta
on May 15, 2014.  The cases are assigned to Judge Wendy L.
Hagenau.

The Debtors tapped Theodore N. Stapleton, Esq., at Theodore N.
Stapleton, P.C., in Atlanta, as counsel.  The Debtors also engaged

Carl Marks Advisory Group, Inc., to provide the services of F.
Duffield Meyercord as Chief Restructuring Officer

Sean Lynch of Suwannee, Georgia, the CEO of the company, owns 100%
of the common stock.

In its schedules, Anesthesia Healthcare listed $19,632,440 in total
assets and $11,827,716 in total liabilities.



ANTIOCH CO: McDermott Fights Stay in Row
----------------------------------------
Law360 reported that McDermott Will & Emery LLP urged an Ohio
federal judge to lift the stay of a suit claiming it didn’t
advise now-bankrupt Antioch Co. LLC to sue its directors after an
employee stock ownership plan takeover, saying the Sixth Circuit
won't rule on a motion in the underlying bankruptcy for months.

According to the report, the firm said the court stayed the
malpractice action, which claimed the firm didn't properly provide
legal advice to the scrapbooking company over a stock deal.

The case is Antioch Litigation Trust, W. Timothy Miller, Trustee v.
McDermott Will & Emery LLP et al., Case No. 3:09-cv-00218 (S.D.
Ohio).

                     About The Antioch Company

St. Cloud, Minn.-based scrapbook company The Antioch Company and
six affiliates filed for Chapter 11 bankruptcy (Bankr. D. Minn.
Case No. 13-41898) in Minneapolis on April 16, 2013.  Antioch
disclosed $10 million to $50 million in both assets and debts.

The affiliates that separate filed for Chapter 11 are Antioch
International-Canada LLC, Antioch International LLC, zeBlooms LLC,
Antioch Framers Supply LLC, Antioch International-New Zealand LLC,
and Creative Memories Puerto Rico, LLC.

Founded in 1926, Antioch and its affiliates make up one of the
world's preeminent suppliers of scrapbooks, related accessories,
and photo solutions for memory preservation through the direct
sales channel.  The Debtors also go by business names Creative
Memories, Antioch, Agenda, Antioch Publishing, Cottage Arts, Frame
of Mind and Webway.

Antioch has 200 employees and currently has operations through the
Debtor companies and foreign subsidiaries in the United States,
Canada, Japan, Australia, and New Zealand. In 2012, the Company's
net revenue was approximately $93.8 million and it had a net loss
of $3.7 million.

Antioch previously sought bankruptcy protection in 2008 (Bankr.
S.D. Ohio Case No. 08-35741).

In the 2013 case, the U.S. Trustee appointed a seven-member
creditors committee.  Faegre Baker Daniels LLP serves as its
counsel.  Crowe Horwath LLP serves as its financial advisor.

The Antioch Company, et al., and the Official Committee of
Unsecured Creditors, obtained confirmation on Nov. 14, 2013, of
their Second Amended Joint Plan of Reorganization dated Nov. 13,
2013.


ARAMID ENTERTAINMENT: Wants Until July 17 to Propose Plan
---------------------------------------------------------
Aramid Entertainment Fund Limited, et al., filed a third motion,
asking the U.S. Bankruptcy Court for the Southern District of New
York to extend (a) through and including July 17, 2015, their
exclusive period to propose a Chapter 11 plan, and (b) through and
including Sept. 28, 2015, their exclusive period to solicit
acceptances of the Plan.  

A hearing on the request is slated for April 16, 2015 at 11:00 a.m.
(Eastern).  Objections are due April 9, 2015.

James C. McCarroll, Esq., at Reed Smith LLP, avers that "cause"
exists for an extension.

Mr. McCarroll explains that the Debtors have continued to move
forward to consummate the settlement agreement, which resolves the
disputes between the Debtors and parties related to David Molner,
on one hand, and David Bergstein, and parties related to Mr.
Bergstein, on the other hand.

Since the Settlement Agreement was approved, the Debtors also have
begun working on a plan and disclosure statement, Mr. McCarroll
reveals.  The exact terms of the plan and disclosure statement,
however, are not yet determined because they are dependent on the
success of the parties' efforts to dismiss the so-called "LA
Bankruptcy Litigation" and the "LA Bankruptcy Cases."

During the last 90 days, Reed Smith has been engaged in briefing on
motion to dismiss the LA Bankruptcy Cases, briefing and opposing a
motion to withdraw standing from Screen Capital International
Copr., briefing and opposing a motion to compel Bergstein to file
schedules, and briefing regarding the CA trustee's conflict, and
monitoring of all the LA Bankruptcy Court Litigations (state,
federal, and appellate).  The hearing to dismiss the LA Bankruptcy
Court Litigations and the LA Bankruptcy Cases and the hearing to
revoke SCIC's stating are scheduled currently for April 28.

The Debtors are analyzing potential sources of recovery in
connection with their prepetition events or activities.

The Debtors also have been working on a transaction to sell their
interests in certain loans to Incentive Filmed Entertainment, LLC.
By an order entered on Jan. 15, 2015, the Court approved a
transaction to which AEF would compromise its $41 million
undersecured claim against IFE and release its liens on IFE's
assets in exchange for at least $3.176 million.  As a result of
further purchase price adjustments and the refusal of other members
of Sierra Pictures, LLC, to approve the sale of IFE's 20 percent
interest in Sierra, the nature of the transaction and the proceeds
available to IFE have changed.  The Debtors have continued to
negotiate the structure of one or more transactions in an effort to
reap some value from Aramid's loans to IFE.  The Debtors expect to
submit in the near future a motion to approve one or more
transactions relating to a sale or compromise of AEF's loans to
IFE.

                     About Aramid Entertainment

Aramid Entertainment Fund Limited has been engaged in the business
of providing short and medium term liquidity to producers and
distributors of film, television and other media and entertainment
content by way of loans and equity investments.

On May 7, 2014, Geoffrey Varga and Jess Shakespeare of Kinetic
Partners (Cayman) Limited were appointed under Cayman law as the
joint voluntary liquidators ("JVLs") of AEF and two affiliates.

On June 13, 2014, the JVLs authorized AEF and two affiliates to
file for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Lead
Case No. 14-11802) in Manhattan on June 13, 2014.

The Debtors have tapped James C. McCarroll, Esq., Jordan W. Siev,
Esq., Richard A. Robinson, Esq., and Michael J. Venditto, Esq. of
Reed Smith, LLP, in New York, as counsel and Kinetic Partners
(Cayman) Limited as crisis managers.

AEF estimated at least $100 million in assets and between
$10 million to $50 million in liabilities.



ATLANTIC CITY, NJ: Governor Extends Terms of $40-Mil. Loan
----------------------------------------------------------
New Jersey Governor Chris Christie has extended the terms of a $40
million loan agreement with Atlantic City from end of March to end
of June, various news sources reported.

Law360 reported that the loan extension helps the city maintain
operations in light of a $101 million budget deficit.  Romy
Varghese, writing for Bloomberg News, reported that the struggling
gambling resort got the 0.75 percent loan in December instead of
selling debt in the capital markets amid pending legislation to
help the city, and bankruptcies of casino owners Trump
Entertainment Resorts Inc. and Revel AC Inc.

New Jersey Senate President Steve Sweeney previously criticized
Gov. Christie's administration Thursday for an alleged failure to
stabilize finances in Atlantic City and throughout the state, after
seven municipalities with a combined $1.1 billion in outstanding
debt were put under review for possible credit downgrades, Law360.
In a news release, Sen. Sweeney, D-Gloucester, condemned the
governor for stirring up a sense of panic by appointing a
debt-management team for Atlantic City and accused the governor of
undertaking actions that "undermine the financial health of other
municipalities in New Jersey," the Law360 report related.

                      *     *     *

The Troubled Company Reporter, on Jan. 23, 2015, citing the
Associated Press reported that New Jersey Gov. Chris Christie
named
an emergency manager for Atlantic City, leaving the door open for
the seaside gambling resort to file for bankruptcy if it can't get
its finances under control.  The Republican governor and likely
presidential candidate appointed a corporate turnaround specialist
as the city's emergency manager, and tabbed the man who led
Detroit
through its municipal bankruptcy as his assistant, the AP said.

On Jan. 29, the TCR reported that Standard & Poor's Ratings
Services has lowered its general obligation rating on Atlantic
City, N.J., four notches to 'BB' from 'BBB+' and placed it on
CreditWatch with negative implications.

The day before, the TCR reported that Moody's Investors Service
has
downgraded Atlantic City's GO debt to Caa1 with a negative outlook
from Ba1, and on Jan. 27, the TCR said Moody's has downgraded
Atlantic City Municipal Utilities Authority's (NJ) water revenue
debt to B2 from Ba1, and assigned a negative outlook.


ATLAS ENERGY: S&P Withdraws 'B' Corp. Credit Rating
---------------------------------------------------
Standard & Poor's Ratings Services said that it is withdrawing its
'B' corporate credit rating on Atlas Energy L.P.  The withdrawal is
in accordance with Standard & Poor's policy on acquired entities.

RATINGS LIST

Rating Withdrawn
                               To               From
Atlas Energy L.P.
Corporate credit rating        NR/--/--         B/Watch Dev/--



B. ENDEAVOUR: UK Administration Recognized as Main Proceedings
--------------------------------------------------------------
Judge Robert E. Gerber of the U.S. Bankruptcy Court for the
Southern District of New York entered an order recognizing the
administration proceedings of B. Endeavour Shipping Company in the
United Kingdom as "foreign main proceeding."  As a result, creditor
actions against B. Endeavour Shipping and its property in the U.S.
are permanently halted.

According to the order, the administration or realization of the
Debtor's assets within the territorial jurisdiction of the United
States is entrusted to Peter Kubik and Andrew Andronikou of UHY
Hacker Young LLP, as the duly authorized Joint Administrators, and
the Joint Administrators are established as the exclusive
representatives of the Debtor in the United States.

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

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

                        About B. Endeavour

B. Endeavour Shipping Company is a company incorporated in Cyprus
whose sole asset is a 62,000 deadweight tonnage Panamax Tanker
named "Ice Base," valued at approximately $28.1 million.  Ice Base
transports liquid natural gas and oil and operates principally in
the territorial waters of the United States, including New York
harbor.

B. Endeavour is a unit of Baltic Tankers Holding Ltd., which owns
five other Cyprus companies, each of which owns a 37,000 DWT
product carrier that operates principally in the waters of Europe
and the Baltic area.  Baltic Tankers is owned by Northsea Base
Investment (NSBI).  Hamilton Corporation, NSBI's sole shareholder,
is owned by certain family trusts.  Marine Cross Services Limited,
a London-based shipping agent, handles day-to-day financial
administration and management.

On Jan. 15, 2015, B. Endeavour and its five affiliates were placed
into administration in London, England after defaulting on debt to
BNP Paribas S.A.  Peter Kubik and Andrew Andronikou of UHY Hacker
Young LLP, were appointed joint administrators.  Felicity Toube QC
serves as counsel.

The joint administrators on Feb. 3, 2015, filed a Chapter 15
bankruptcy petition (Bankr. S.D.N.Y. Case No. 15-10246) for B.
Endeavour in Manhattan, in New York, to seek U.S. recognition of
the UK proceeding.  Judge Robert E. Gerber presides over the case.
Geoffrey T. Raicht, Esq., at Proskauer Rose LLP, serves as counsel
in the U.S. case.



BERNARD L. MADOFF: Meridian Ditches Claims in Feeder Fund Suit
--------------------------------------------------------------
Law360 reported that a New York federal judge has dismissed a suit
against Meridian Capital Partners Inc. and Ernst & Young LLP over
losses from Bernard Madoff's Ponzi scheme, saying the middleman
defendants were probably "genuinely deceived."

According to the report, U.S. District Judge Thomas Griesa rejected
The R.W. Grand Lodge of Free and Accepted Masons of Pennsylvania's
claims that Meridian, director William Lawrence, and auditor E&Y
used fraud to secure the Grand Lodge's investments in a Meridian
"fund of hedge funds" that invested in Madoff's funds.  Judge
Griesa said that the facts put forth simply did not support the
conclusion that the defendants had knowledge of the fraud, Law360
related.

The case is The R.W. Grand Lodge Of Free & Accepted Masons Of
Pennsylvania v. MERIDIAN Capital Partners Inc. et al., case numbers
1:09-md-02082 and 1:09-cv-07099, in the U.S. District Court for the
Southern District of New York.

                    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 CALYPSO: Marcum LLP Expresses Going Concern Doubt
------------------------------------------------------
Blue Calypso, 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.

Marcum LLP expressed substantial doubt about the Company's ability
to continue as a going concern, citing that the Company has
incurred net losses since inception and needs to raise additional
funds to meet its obligations and sustain its operations.

The Company reported a net loss of $7.74 million on $780,000 in
revenue for the year ended Dec. 31, 2014, compared to a net loss of
$6.82 million on $342,000 of revenue in the same period last year.

The Company's balance sheet at Dec. 31, 2014, showed $2.12 million
in total assets, $262,000 in total liabilities, and stockholders'
equity of $1.86 million.

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

                        http://is.gd/OzH12Q

Based in Dallas, Texas, Blue Calypso, Inc., develops and delivers
advocacy marketing and analytics solutions and services for the
business-to-consumer (B2C) marketplace leveraging mobile, social
media, gamification.


BOREAL WATER: Hikes Authorized Common Shares to 5 Billion
---------------------------------------------------------
The shareholders of Boreal Water Collection, Inc., approved an
increase in the authorized common shares of the Company from 1.5
billion to 5 billion, according to a document filed with the
Securities and Exchange Commission.  This was accomplished through
a consent without a meeting.

On March 27, 2015, the Nevada Secretary of State accepted and filed
the Company's Certificate of Amendment to its Articles of
Incorporation changing the authorized common shares from 1.5
billion to 5 billion.  The par value remains at 0.001 per share.

                         About Boreal Water

Kiamesha Lake, N.Y.-based Boreal Water Collection, Inc., is a
personalized bottled water company specializing in premium custom
bottled water.

Boreal Water reported a net loss of $886,000 on $2.41 million of
sales for the year ended Dec. 31, 2014, compared with net income of
$613,000 on $2.15 million of sales for the year ended Dec. 31,
2013.

As of Dec. 31, 2014, Boreal Water had $3.13 million in total
assets, $3.27 million in total liabilities, and a $143,000
stockholders' deficit.

Terry L. Johnson, CPA, in Casselberry, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014.  The accounting firm noted that  the
Company has incurred a deficit of approximately $3.6 million and
has used approximately $800,000 of cash due to its operating
activities in the two years ended Dec. 31, 2014.  The Company may
not have adequate readily available resources to fund operations
through Dec. 31, 2015.  This raises substantial doubt about the
Company's ability to continue as a going concern.


BOREAL WATER: Posts $885,000 Net Loss in 2014
---------------------------------------------
Boreal Water Collection, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $886,000 on $2.41 million of sales for the year ended Dec.
31, 2014, compared with net income of $613,000 on $2.15 million of
sales for the year ended Dec. 31, 2013.

As of Dec. 31, 2014, Boreal Water had $3.13 million in total
assets, $3.27 million in total liabilities, and a $143,000 total
stockholders' deficit.

Terry L. Johnson, CPA, in Casselberry, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014.  The accounting firm noted that  the
Company has incurred a deficit of approximately $3.6 million and
has used approximately $800,000 of cash due to its operating
activities in the two years ended Dec. 31, 2014.  The Company may
not have adequate readily available resources to fund operations
through Dec. 31, 2015.  This raises substantial doubt about the
Company's ability to continue as a going concern, according to the
regulatory filing.

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

                       http://is.gd/pFjWSb

                        About Boreal Water

Kiamesha Lake, N.Y.-based Boreal Water Collection, Inc., is a
personalized bottled water company specializing in premium custom
bottled water.


BREITBURN ENERGY: S&P Affirms 'B+' CCR, Off Watch Negative
----------------------------------------------------------
Standard & Poor's Ratings Services affirmed the 'B+' corporate
credit, 'BB' senior secured issue-level, and 'B-' senior unsecured
issue-level ratings on Los Angeles-based Breitburn Energy Partners
L.P. and removed them from CreditWatch where S&P placed them with
negative implications on Jan. 21, 2015.  The outlook is negative.

"The negative outlook reflects our expectation that leverage will
rise to a level inconsistent with the rating unless Breitburn takes
steps to reduce debt or fund growth through external sources," said
Standard & Poor's credit analyst Ben Tsocanos.

S&P's ratings affirmation follows Breitburn's announcement that it
has reached an agreement to issue $1 billion of securities,
composed of $650 million of senior secured second-lien notes and
$350 million perpetual convertible preferred units, to investment
firm EIG Global Energy Partners and other purchasers and will use
proceeds to refinance borrowings under its credit facility.

S&P's assessment of Breitburn's business risk as "weak"
incorporates the company's relatively small reserve base and
production levels, high operating costs, and limited organic growth
prospects from its historical mature asset base.  These risks are
mitigated somewhat by a high proportion of proved developed
reserves in its asset base, a long reserve life, low production
declines, and a relatively high proportion of oil and natural gas
liquids production, which receive favorable pricing relative to
natural gas.  S&P views Breitburn's financial risk as "aggressive,"
reflecting projected 2015 leverage of about 15% FFO to debt.  S&P
views Breitburn's liquidity as "adequate."  S&P expects liquidity
sources to exceed uses by at least 1.2x for the next 12 to 18
months--the minimum for the designation of "adequate."

S&P could lower ratings if the partnership does not take steps to
reduce leverage such that FFO to debt falls below 12%.

S&P could revise the outlook to stable if Breitburn issues
sufficient preferred or common equity, completes asset sales, or
secures external funding such that S&P expects debt leverage to
stabilize below 5x debt to EBITDA, and FFO to debt above 12%.



BROADVIEW NETWORKS: Reports $9.22 Million Net Loss in 2014
----------------------------------------------------------
Broadview Networks Holdings, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $9.22 million on $300 million of revenues for the year
ended Dec. 31, 2014, compared to a net loss of $8.48 million on
$315 million of revenues for the year ended Dec. 31, 2013.  The
Company previously reported a net loss of $35.3 million in 2012.

As of Dec. 31, 2014, the Company had $209 million in total assets,
$210 million in total liabilities and a $1.01 million total
stockholders' deficiency.

As of Dec. 31, 2014, the Company held cash and cash equivalents in
the amount of $14.5 million and the Company had drawn $10,000,000
on its Revolving Credit Facility.

"There can be no assurance that our business will generate
sufficient cash flow from operations or that future borrowings will
be available in an amount sufficient to enable us to pay our
indebtedness or to fund other liquidity needs.  As of December 31,
2014, we required approximately $47.2 million in cash to service
the interest due on our Notes throughout their remaining life.  We
may need to refinance all or a portion of our indebtedness,
including our Notes and our Revolving Credit Facility, at or before
maturity.  There can be no assurances that we will be able to
refinance any of our indebtedness, including our Notes and our
Revolving Credit Facility, on commercially reasonable terms or at
all," the Company said in the report.

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

                        http://is.gd/vTso5S

                      About Broadview Networks

Rye Brook, N.Y.-based Broadview Networks Holdings, Inc., is a
communications and IT solutions provider to small and medium sized
business ("SMB") and large business, or enterprise, customers
nationwide, with a historical focus on markets across 10 states
throughout the Northeast and Mid-Atlantic United States, including
the major metropolitan markets of New York, Boston, Philadelphia,
Baltimore and Washington, D.C.

                           *     *     *

In the July 23, 2012, edition of the Troubled Company Reporter,
Moody's Investors Service downgraded Broadview Networks Holdings,
Inc. Corporate Family Rating (CFR) to 'Caa3' from 'Caa2' and the
Probability of Default Rating (PDR) to 'Ca' from 'Caa3' in
response to the company's announcement that it has entered into a
restructuring support agreement with holders of roughly 70% of its
preferred stock and roughly 66-2/3% of its Senior Secured Notes.
The company is expected to file a pre-packaged Chapter 11 Plan of
Reorganization or complete an out of court exchange offer.

As reported by the TCR on July 25, 2012, Standard & Poor's Ratings
Services lowered its corporate credit rating on Broadview to 'D'
from 'CC'.  "This action follows the company's announced extension
on its revolving credit facility.  We expect to lower the issue-
level rating on the notes to 'D' once the company files for
bankruptcy, or if it misses the Sept. 1, 2012 maturity payment on
the notes," S&P said.


BROCK HOLDINGS III: S&P Lowers CCR to 'B-', Outlook Stable
----------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on U.S.-based specialty maintenance provider Brock
Holdings II Inc. (BHII) and its wholly owned subsidiary Brock
Holdings III Inc. (Brock) to 'B-' from 'B'.  The rating outlook on
both entities is stable.

At the same time, S&P lowered its ratings on Brock's $125 million
revolving credit facility and $510 million first-lien term loan to
'B' from 'B+'.  The '2' recovery ratings on both debt issues remain
unchanged, indicating S&P's expectation that lenders would receive
substantial (70%-90%; lower half of the range) recovery in a
payment default scenario.

S&P also lowered the ratings on the company's $190 million
second-lien term loan to 'CCC' from 'CCC+'.  The '6' recovery
rating on this debt issue remains unchanged, indicating S&P's
expectation for negligible (0%-10%) recovery in the event of
payment default.

"The downgrade reflects our view that Brock's recent difficulties
with project execution has caused credit metrics to deteriorate
beyond our previous rating expectations," said Standard & Poor's
credit analyst Robyn Shapiro.

S&P believes weaker-than-expected EBITDA margins will likely
increase adjusted debt to EBITDA to about 6x, but with positive
free operating cash flow (FOCF).  S&P views Brock's liquidity as
"less than adequate," primarily reflecting the imminent risk that
the company could violate its covenant in the absence of an
amendment or an equity cure from the company's financial sponsor.



BROWNIE'S MARINE: Posts $94,000 Net Income in 2014
--------------------------------------------------
Brownie's Marine Group, Inc. filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing net income of
$94,400 on $2.73 million of total net revenues for the year ended
Dec. 31, 2014, compared with a net loss of $896,000 on $2.87
million of total net revenues for the year ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $916,000 in total assets,
$1.36 million in total liabilities and a $453,000 total
stockholders' deficit.

L.L. Bradford & Company, LLC, in Las Vegas, Nevada, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has suffered
recurring losses from operations and has a net capital deficiency
that raises substantial doubt about its ability to continue as a
going concern.

The Company also warns that if it fails to raise additional funds
when needed, or does not have sufficient cash flows from sales, it
may be required to scale back or cease operations, liquidate assets
and possibly seek bankruptcy protection.

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

                        http://is.gd/G7yrqx

                      About Brownie's Marine

Brownie's Marine Group, Inc., does business through its wholly
owned subsidiary, Trebor Industries, Inc., d/b/a Brownie's Third
Lung, a Florida corporation.  The Company designs, tests,
manufactures and distributes recreational hookah diving, yacht
based scuba air compressor and nitrox generation systems, and
scuba and water safety products.  BWMG sells its products both on
a wholesale and retail basis, and does so from its headquarters
and manufacturing facility in Fort Lauderdale, Florida.  The
Company's common stock is quoted on the OTC BB under the symbol
"BWMG".  The Company's Web site is
http://www.browniesmarinegroup.com/


BUDD COMPANY: Has Until July 31 to File Chapter 11 Plan
-------------------------------------------------------
The Hon. Jack B. Schmetterer of the U.S Bankruptcy Court for the
Northern District of Illinois extended the exclusive periods of
Budd Company Inc. to:

  a) file a Chapter 11 through and including July 31, 2015; and
  b) solicit acceptances of that plan until Sept. 30, 2015.

According to court documents, the Debtor and its stakeholders have
made significant progress in the last several months towards
resolving the complex issues that must be addressed before the
Debtor can exit chapter 11.  Among other things:

     a. the Debtor investigated claims and future rights to payment
that it may hold against its parent, ThyssenKrupp North America,
Inc. (TKNA), under the Oct. 1, 2002 Tax Sharing Agreement among
Budd, TKNA, and other affiliates of Budd ("Tax Sharing
Agreement");

     b. the Debtor commenced an adversary proceeding against TKNA
and obtained an injunction preventing TKNA from taking actions that
may impair the Debtor's rights under the Tax Sharing Agreement;

     c. the Debtor produced to the UAW and the Retiree Committee
thousands of pages of documents related to claims that the Debtor
may hold against TKNA related to, among other things, the Debtor's
prepetition sale of the Waupaca steel foundry;

     d. the UAW and the Retiree Committee issued third-party
discovery related to the Debtor's potential claims arising from the
sale of Waupaca;

     e. the Debtor produced to the Asbestos Committee thousands of
pages of documents potentially relevant to existing and/or future
asbestos claims;

     f. the Debtor and the Asbestos Committee retained experts to
analyze such information and estimate the Debtor's asbestos
liability;

     g. the Debtor obtained entry of an order establishing a claims
bar date, entry of which was supported by the Asbestos Committee,
the UAW and the Retiree Committee; and

     h. the Debtor continued to receive the support of TKNA in
connection with TKNA's continued payment of the Debtor's ERISA
qualified pension plan obligations and SERP1 obligations.

Notwithstanding this progress, it remains premature at this point
in time for the Debtor to file or pursue confirmation of a chapter
11 plan in this case.  The issues that remain to be resolved simply
have too great an impact on both:

     a. assets that ultimately will be available for distribution
on account of such claims (including rights to payment under the
Tax Sharing Agreement and potential claims against TKNA); and

     b. the amount and type of claims that ultimately will be
allowed against the Debtor (including asbestos claims and retiree
benefit claims).

The Debtor said it believes that significant progress will continue
to be made in the next 3 to 4 months, and that such progress will
position the Debtor to develop an (hopefully consensual) exit
strategy.  Specifically, the Debtor expects the following important
developments to take place during the time of the requested
extension:

     a. passage of the claims bar date on March 31st;

     b. substantial completion of the Bankruptcy Rule 2004
discovery of potential claims related to Waupaca and the Tax
Sharing Agreement;

     c. substantial completion of the Debtor's analysis of the Tax
Sharing Agreement;

     d. completion of expert reports analyzing the Debtor's
asbestos liability;

     e. sufficient advancement of discussions and analysis by the
Debtor, the Asbestos Committee, and the Debtor's insurers to
position such parties to negotiate or otherwise determine a
framework for addressing asbestos claims against the Debtor; and

     f. due in part to the foregoing, the Debtor, the UAW, and the
Retiree Committee will become better informed as to how to address
the Debtor's retiree benefit obligations in a manner that satisfies
section 1114 of the Bankruptcy Code.

                        About The Budd Company

The Budd Company, Inc., a former supplier to the automotive
industry, filed for chapter 11 bankruptcy protection (Bankr. N.D.
Ill. Case No. 14-11873) on March 31, 2014, with a deal to settle
potential claims against its parent, ThyssenKrupp AG.

The company -- which ceased manufacturing operations in 2006 and
does not have any current employees, facilities or customers --
has
obligations consisting largely of medical and other benefits to
approximately 10,000 former employees.

Liabilities amount to approximately $1 billion with assets of
approximately $400 million.  Most of the debt consists largely of
medical and other benefits to approximately 10,000 former
employees.

The Debtor disclosed $387,555,681 in assets and $1,107,350,034 in
liabilities as of the Chapter 11 filing.

The Hon. Jack B. Schmetterer oversees the case.  The Debtor has
tapped Proskauer Rose LLP as Chapter 11 counsel, Dickinson Wright
PLLC as special counsel, Epiq Bankruptcy Solutions, LLC as
noticing, claims and balloting agent, and Conway MacKenzie
Management Services, LLC's Charles M. Moore as CRO.

The U.S. Trustee appointed five individuals to serve on the
Committee of Executive & Administrative Retirees.  The Segal
Company (Eastern States), Inc. serves as the Committee's actuarial
consultant.  The Committee retained Solic Capital Advisors, LLC as
its financial advisor.

Reed Heiligman, Esq., at FrankGecker LLP, in Chicago, Illinois,
represents the ad hoc committee of asbestos personal injury
claimants.


CAESARS ENTERTAINMENT: Battles $462-Mil. Pension Withdrawal Claim
-----------------------------------------------------------------
Bill Rochelle, writing for Bloomberg News, reported that Caesars
Entertainment Operating Co. filed papers asking a bankruptcy judge
in Chicago to rule that the National Retirement Fund's demand for
payment of a $462 million withdrawal liability violates the
automatic stay.

According to the report, the fund claimed to terminate the casinos'
participation the day after an involuntary bankruptcy filing in
January.  Caesars argued that ending the entire group's
participation in the pension plan imposes the termination liability
even though the companies are up to date in their contributions and
said it intends to continue participating in the pension plans, as
required by union contracts, the Bloomberg report.

                     About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.,
is one of the world's largest casino companies.  Caesars casino
resorts operate under the Caesars, Bally's, Flamingo, Grand
Casinos, Hilton and Paris brand names.  The Company has its
corporate headquarters in Las Vegas.  Harrah's announced its
re-branding to Caesar's in mid-November 2010.

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

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

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

Delaware Bankruptcy Judge Kevin Gross entered a ruling that the
bankruptcy proceedings will proceed in the U.S. Bankruptcy Court
for the Northern District of Illinois.

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

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

The U.S. Trustee appointed Richard S. Davis as Chapter 11 examiner.


CAESARS ENTERTAINMENT: Judge to Weigh Shielding Parent from Suits
-----------------------------------------------------------------
Steven Church, writing for Bloomberg News, reported that a federal
judge agreed to decide in June whether Caesars Entertainment Corp.
should be shielded from lawsuits accusing the gambling company of
protecting its private-equity owners at the expense of creditors
owed billions of dollars.

According to the report, Caesars' main operating unit already
enjoys a temporary reprieve from litigation because it's in federal
bankruptcy court in Chicago.  That unit asked U.S. Bankruptcy Judge
to extend the Benjamin Goldgar shield to its non-bankrupt parent,
the report related.

                     About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.,
is one of the world's largest casino companies.  Caesars casino
resorts operate under the Caesars, Bally's, Flamingo, Grand
Casinos, Hilton and Paris brand names.  The Company has its
corporate headquarters in Las Vegas.  Harrah's announced its
re-branding to Caesar's in mid-November 2010.

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

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

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

Delaware Bankruptcy Judge Kevin Gross entered a ruling that the
bankruptcy proceedings will proceed in the U.S. Bankruptcy Court
for the Northern District of Illinois.

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

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

The U.S. Trustee appointed Richard S. Davis as Chapter 11 examiner.


CAESARS ENTERTAINMENT: Said Close to Accord with Top Lenders
------------------------------------------------------------
Laura J. Keller, writing for Bloomberg News, reported that Caesars
Entertainment Corp. is close to winning support from a group of its
highest-ranking lenders for a restructuring of its biggest unit, a
deal that would help ease the company's path in bankruptcy.

According to the report, citing three people with knowledge of the
discussions, lenders including Blackstone Group LP's credit arm, a
mutual-fund unit of Franklin Resources Inc. and Och-Ziff Capital
Management Group LLC are negotiating an agreement to back a
reorganization plan the company has crafted with lower-tier
first-lien creditors of Caesars Entertainment Operating Co.

                     About Caesars Entertainment

Caesars Entertainment Corp., formerly Harrah's Entertainment Inc.,
is one of the world's largest casino companies.  Caesars casino
resorts operate under the Caesars, Bally's, Flamingo, Grand
Casinos, Hilton and Paris brand names.  The Company has its
corporate headquarters in Las Vegas.  Harrah's announced its
re-branding to Caesar's in mid-November 2010.

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

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

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

Delaware Bankruptcy Judge Kevin Gross entered a ruling that the
bankruptcy proceedings will proceed in the U.S. Bankruptcy Court
for the Northern District of Illinois.

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

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

The U.S. Trustee appointed Richard S. Davis as Chapter 11 examiner.


CERIDIAN HCM: S&P Assigns 'B-' Corp. Credit Rating
--------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B-'
corporate credit rating to Bloomington, Minn.-based Ceridian HCM
Holding Inc.  The outlook is stable.

At the same time, S&P affirmed its 'B-' issue-level rating, with a
'3' recovery rating, to the company's revolving credit facility and
term loan.  The '3' recovery rating indicates S&P's expectation for
"meaningful" recovery (50% to 70%, in the higher half of the range)
in the event of payment default.

S&P also affirmed its 'CCC' issue-level rating, with a '6' recovery
rating, on the senior unsecured notes due 2021.  The '6' recovery
rating indicates S&P's expectation for "negligible" (0%-10%)
recovery in the event of payment default.

S&P is withdrawing its 'B-' corporate credit rating on Ceridian LLC
because debt is no longer outstanding at that entity following a
reorganization of the business in late November 2014.  Ceridian HCM
Holding Inc. continues to be a subsidiary of Ceridian LLC.

"Our 'B-' corporate credit rating on Ceridian reflects the
company's "fair" business risk profile based on its moderate
position in a highly competitive market, and its 'highly leveraged'
financial risk profile, based on its high level of debt following a
leveraged buyout in 2007," said Standard & Poor's credit analyst
Alison Sullivan.

S&P adjusts the 'b' anchor score downward one notch to an issuer
credit rating of 'B-' because of the company's high leverage
compared with other 'B' rated peer companies.

The stable outlook reflects S&P's expectation that Ceridian will
continue to expand its cloud HCM business and use cash flow to fund
investment in the cloud.  While S&P expects leverage to remain very
high, it expects the company to maintain adequate liquidity.

S&P could lower the rating if execution missteps and/or competitive
pressures were to lead to a decline in margins and EBITDA so that
the company would not have sufficient covenant headroom.

An upgrade is unlikely in the near to intermediate term due to the
company's highly leveraged financial position.



CHARTER COMMUNICATIONS: S&P Puts 'BB-' CCR on Watch Positive
------------------------------------------------------------
Standard & Poor's Ratings Services said it placed all of its
ratings, including its 'BB-' corporate credit rating, on Stamford,
Conn.-based cable operator Charter Communications Inc., on
CreditWatch with positive implications.

"The positive CreditWatch listing reflects our view of Charter's
materially increased scale and improved leverage metrics pro forma
for the pending system swaps and acquisitions with Comcast Corp.,
as well as the newly announced acquisition of BHN," said Standard &
Poor's credit analyst Michael Altberg.

In addition to shareholder approval, the acquisition of BHN is
contingent on the expiration of Time Warner Cable Inc. (TWC)'s
right of first offer for BHN, the regulatory approval of the
pending Comcast and TWC deal, and the close of Charter's previously
announced transactions with Comcast.  As a result, if the Comcast
and TWC deal is not approved, any potential rating upgrade or
affirmation of the existing 'BB-' rating on Charter would be
dependent on Charter's alternative strategy around consolidation.

The CreditWatch listing reflects the potential for at least a
one-notch upgrade, depending on the regulatory approval and close
of the pending Comcast and BHN transactions.  Key considerations
will include the company's longer-term financial policy and
leverage target, especially in respect to the potential for
additional acquisitions or the purchase of increased equity
interests in GreatLand or Charter partnership over time.



CHINA MEDICAL: Paul Weiss Rips Liquidator Push for Privileged Docs
------------------------------------------------------------------
Law360 reported that Paul Weiss Rifkind Wharton & Garrison LLP
derided an attempt by a liquidator probing an alleged $355 million
fraud at China Medical Technologies Inc. to obtain documents
connected to the firm's representation of the company's audit
committee, saying a bankruptcy court correctly found the material
to be privileged.

According to the report, the liquidator, Kenneth Krys, is tasked
with digging up money for creditors of China Medical and subpoenaed
Paul Weiss and turnaround consultant AlixPartners LLP for the
results of an internal investigation they conducted for China
Medical.

                        About China Medical

China Medical Technologies Inc., a maker of diagnostic products,
filed a Chapter 15 bankruptcy petition in New York to locate money
fraudulently transferred by its principals.

The Debtor, which has been taken over by a trustee, is undergoing
corporate winding-up proceedings before the Grand Court of the
Cayman Islands.  Kenneth M. Krys, the joint official liquidator,
wants U.S. courts to recognize the Cayman proceeding as the
"foreign main proceeding"

The liquidator filed a Chapter 15 petition for China Medical
(Bankr. S.D.N.Y. Case No. 12-13736) on Aug. 31, 2012.  Curtis C.
Mechling, Esq., at Stroock & Stroock & Lavan, LLP, in New York,
serves as counsel.

Cosimo Borrelli and Yuen Lai Yee (Liz) on Nov. 29, 2012, were
appointed as liquidators of China Medical Technologies Inc.

The liquidators may be reached at:

         Cosimo Borrelli
         Yuen Lai Yee (Liz)
         Level 17, Tower 1
         Admiralty Centre
         18 Harcourt Road
         Hong Kong


CHRYSLER GROUP: Defective Brake Suit Moved to Bankr. Court
----------------------------------------------------------
Law360 reported that a putative class action accusing Chrysler
Group LLC of concealing a brake defect in its 2009 and 2010 Dodge
Journey vehicles was transferred to New York bankruptcy court,
after a New Jersey federal judge said the suit deals with a sale
order from the automaker's pre-bankruptcy incarnation.  According
to the report, the transfer was finalized in the suit that has
hopped from court to court since its December 2011 filing in
California superior court.

The case is Garcia v. Chrysler Group LLC, Case No. 1:15-cv-01813
(S.D.N.Y.).

                      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.


CITIZENS FINANCIAL: Fitch Rates $250MM Preferred Stock 'BB-'
-------------------------------------------------------------
Fitch Ratings expects to assign a 'BB-' rating to Citizens
Financial Group's (CFG) $250 million non-cumulative perpetual
preferred issuance.  The final size and pricing of the proposed
issuance will be determined at the time of issuance.

Dividends will be payable at a fixed rate per annum from the
original issue date to, but excluding, April 6, 2020 and thereafter
at a floating rate per annum.  The proceeds will be used to
repurchase common stock directly from CFG's parent company, the RBS
Group, or for general corporate purposes.

KEY RATING DRIVERS - SUBORDINATED DEBT AND OTHER HYBRID SECURITIES

The hybrid instrument is rated five notches lower than CFG's
viability rating of 'bbb+' in accordance with Fitch's criteria
'Global Bank Rating Criteria' dated March 20, 2015.  The preferred
stock rating includes two notches for loss severity given these
securities deep subordination in the capital structure, and three
notches for non-performance given that the coupon of the securities
is non-cumulative and fully discretionary.

RATING SENSITIVITIES - SUBORDINATED DEBT AND OTHER HYBRID
SECURITIES

CFG's preferred issuances are sensitive to changes in CFG's VR, and
would move in tandem with any changes to CFG's VR.

This rating expects to be assigned.

Citizens Financial Group, Inc.

   -- Non-cumulative preferred at 'BB- (EXP)'.



COMMERCIAL BARGE: S&P Revises Outlook to Pos. & Affirms 'B-' CCR
----------------------------------------------------------------
Standard & Poor's Ratings Services said it revised the rating
outlook on Jeffersonville, Ind.-based shipping company Commercial
Barge Line Co. (CBL) to positive from stable.  At the same time,
S&P affirmed the 'B-' corporate credit rating on CBL.

S&P also affirmed the issue-level ratings on CBL's $450 million
senior secured first-lien term loan B and $200 million senior
secured second-lien term loan C.  S&P rates the senior secured
first-lien term loan B 'B' with a recovery rating of '2',
indicating S&P's expectation for substantial (70% to 90%; upper
half of the range) recovery of principal in the event of a payment
default.  The senior secured second-lien term loan C is rated 'CCC'
with a recovery rating of '6', indicating negligible (0% to 10%)
recovery.

"The positive rating outlook on CBL reflects our assessment that
there is at least a one-in-three chance of raising the corporate
credit rating by one notch within 12 months, given the company's
earnings growth and improvement in credit metrics, which could
result in credit measures commensurate with a higher rating," said
Standard & Poor's credit analyst Michael Durand.

The positive rating outlook reflects S&P's view that CBL's
financial profile will improve gradually over time as earnings
benefit from gains in its dry cargo business, including higher
capacity utilization and better pricing, as well as lower capital
spending.  Although a decline in energy prices will weaken its tank
barges' capacity utilization and pricing, CBL is protected from a
significant disruption because the majority of the company's liquid
tank barge fleet is under multiyear contracts.

S&P could raise the rating in the next 12 months if CBL sustains
earnings improvement such that debt to EBITDA is consistently below
5x and FFO to debt remains in the mid-teens percent area over this
period.

While less likely, S&P could revise the outlook to stable if
economic pressures or weather-related disruptions to operations
cause CBL's earnings to decline, resulting in debt to EBITDA above
5x and FFO to debt in a percent in the low teens or below.
Alternatively, although S&P do not expect this to occur at this
time, it could revise the outlook to stable if the company's
financial sponsors issue a debt-financed dividend.



COMMUNICATION INTELLIGENCE: Completes $1.2-Mil. Funding Round
-------------------------------------------------------------
Communication Intelligence Corporation had closed a new round of
funding with a number of existing investors to provide working
capital.

In the transaction, which closed on March 24, 2015, investors
subscribed to approximately $1.2 million of CIC's Series D-1
Convertible Preferred Stock, which can be converted to common stock
at a price of $0.0225 per share.  For each share of preferred stock
purchased, investors were also issued a three-year warrant to
purchase twenty-two shares of common stock at an exercise price of
$0.0225 per share.  The warrants issued to the Investors entitle
the Investors to purchase up to an aggregate of approximately 27.4
million shares of Common Stock.

                 About Communication Intelligence

Redwood Shores, California-based Communication Intelligence
Corporation is a supplier of electronic signature products and the
recognized leader in biometric signature verification.

Communication Intelligence reported a net loss attributable to
common stockholders of $8.09 million in 2013 compared to a net loss
attributable to common stockholders of $6.74 million in 2012.

PMB Helin Donovan, LLP, in San Francisco, CA, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company's significant recurring losses and accumulated
deficit raise substantial doubt about its ability to continue as a
going concern.


CRYOPORT INC: Amends Certain Rights of Class A Preferred Stock
--------------------------------------------------------------
Cryoport, Inc., on March 26, 2015, submitted for filing with the
Secretary of State of the State of Nevada an Amended and Restated
Certificate of Designation of the Class A Preferred Stock.

The Restated Designation adopted certain special mandatory
conversion provisions for the Preferred Stock upon a qualified
offering (defined as a public offering resulting in at least
$5,000,000 of gross cash proceeds), whereby the Preferred Stock is
converted into the type of securities issued in such qualified
offering at a 20 percent discount.

The Restated Designation was approved by approximately 64.6% of the
outstanding shares of Preferred Stock.

                           About Cryoport

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

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

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

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


CYCLONE POWER: Delays 2014 Form 10-K for Review
-----------------------------------------------
Cyclone Power Technologies, Inc., disclosed in a regulatory filing
with the Securities and Exchange Commission that it was unable to
file its annual report on Form 10-K for the period ended Dec. 31,
2014, by the prescribed date without unreasonable effort or expense
because the Company's audit review is in process and has not been
completed. The Company believes that the Annual Report will be
completed within the 15 calendar day extension period provided
under Rule 12b-25 of the Securities Exchange Act of 1934.

                        About Cyclone Power

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

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

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

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


DEB STORES: Gets Nod to Sell IP in $2.2-Mil. Deal
-------------------------------------------------
Law360 reported that a Delaware bankruptcy judge gave the thumbs up
to Deb Stores Holding LLC's sale of its intellectual property
assets, including trademarks, Internet domain names and social
media accounts, to Softree Inc. for a price tag of more than $2
million.

According to the report, at a hearing in Wilmington, Delaware, U.S.
Bankruptcy Judge Kevin Gross said he would be "delighted" to
approve the IP sale after hearing from Deb Stories attorneys that
the value of the assets had been determined by a competitive
auction.

Law360 also reported that Deb Stores reached a deal with landlord
Simon Property Group Inc. that will see the women's clothing chain
receive a rent refund if any stores are shuttered mid-month.  Deb
Stores leases 45 retail locations from Simon Property and pays rent
a month in advance, but the clothier -- whose inventory is being
sold by liquidators -- is not currently entitled to a refund if the
liquidators decide to vacate one of those stores in the middle of
the month, the report said.

                          About Deb Stores

Headquartered in Philadelphia, Pennsylvania, Deb Stores is a
mall-based retailer in the juniors "fast-fashion" specialty sector
that operates under the name "DEB" and offers moderately priced,
fashionable, coordinated women's sportswear, dresses, coats,
lingerie, accessories and shoes for junior and plus sizes.  The
company, founded by Philip Rounick and Emma Weiner, opened its
first store under the name JOY Hosiery in Philadelphia,
Pennsylvania in 1932.  As of Sept. 30, 2014, the company operated a
total of 295 retail store locations (primarily in the East and
Midwest, especially Pennsylvania, Ohio and Michigan) as well as an
e-commerce channel.

On June 26, 2011, Deb Stores' predecessors -- DSI Holdings Inc. and
its subsidiaries -- sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 11-11941) and closed the sale of the assets three
months later to Ableco Finance, LLC, the agent for the first lien
lenders.

Deb Stores Holding LLC and eight affiliated companies commenced
Chapter 11 bankruptcy cases in Delaware on Dec. 4, 2014.  The
Debtors are seeking to have their cases jointly administered, with
pleadings maintained on the case docket for Deb Stores Holding
(Case No. 14-12676).  The cases are assigned to Judge Mary F.
Walrath.

Laura Davis Jones, Esq., Colin R. Robinson, Esq., at and Peter J.
Keane, Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington,
Delaware, serve as counsel to the Debtors.  Epiq Bankruptcy
Solutions, LLC, is the claims and noticing agent.

As of Dec. 31, 2014, the Debtors' most recent audited consolidated
financial statements reflected assets totaling $90.5 million and
liabilities totaling $120.1 million.

The Official Committee of Unsecured Creditors tapped Cooley LLP as
its lead counsel; Drinker Biddle & Reath LLP as its co-counsel; and
Zolfo Cooper, LLC as its bankruptcy consultants and financial
advisors.


DELRAY HOLDING: NJ Court Axes Investors Suing Individually
----------------------------------------------------------
Law360 reported that investors in two bankrupt real estate
companies failed to revive claims against other developers over
losses on residential and commercial projects, when a New Jersey
appellate panel agreed with a lower court that the dispute involved
corporate claims that the investors lacked standing to individually
pursue.

According to the report, in a published decision, a three-judge
panel of the state Appellate Division backed summary judgment for
Roger Passarella and his companies Delray Holding LLC and Bay Dock
Holdings LLC.


DENDREON CORP: Court Okays Skadden Arps as Bankruptcy Counsel
-------------------------------------------------------------
The Hon. Peter J. Walsh of the U.S. Bankruptcy Court for the
District of Delaware authorized Dendreon Corporation, et al., to
employ Skadden, Arps, Slate, Meagher & Flom LLP as their bankruptcy
counsel.

As reported in the Troubled Company Reporter on Nov. 25, 2014,
Skadden will render various services to the Debtors, including,
among others, the following:

   (a) advising the Debtors with respect to their powers and
       duties as debtors and debtors in possession in the
       continued management and operation of their businesses and
       properties;

   (b) attending meetings and negotiating with representatives of
       creditors and other parties in interest, and advising and
       consulting on the conduct of the cases, including all of
       the legal and administrative requirements of operating in
       Chapter 11;

   (c) taking all necessary action to protect and preserve the
       Debtors' estates, including the prosecution of actions on
       the Debtors' behalf, the defense of any actions commenced
       against the Debtors' estates, negotiations concerning
       litigation in which the Debtors may be involved and
       objections to claims filed against the Debtors' estates;

   (d) preparing on behalf of the Debtors all motions,
       applications, answers, orders, reports and papers necessary
       to the administration of the estates;

   (e) advising the Debtors in connection with any sales of
       assets;

   (f) preparing and negotiating on the Debtors' behalf plan(s) of
       reorganization, disclosure statement(s) and all related
       agreements and/or documents, and taking any necessary
       action on behalf of the Debtors to obtain confirmation of
       those plan(s);

   (g) appearing before the Court, any appellate courts, and the
       U.S. Trustee and protecting the interests of the Debtors'
       estates before those courts and the U.S. Trustee; and

   (h) performing all other necessary legal services and providing
       all other necessary legal advice to the Debtors in
       connection with the Chapter 11 Cases.

For 2014, the hourly rates under the firm's standard rate structure
range from $860 to $1,275 for partners, $850 to $975 for counsel,
$370 to $830 for associates and $195 to $340 for legal assistants.
These hourly rates will increase on Jan. 1, 2015, and the hourly
rates under the firm's standard rate structure for 2015 will range
from $895 to $1,350 for partners, $885 to $995 for counsel, $380 to
$870 for associates and $200 to $350 for legal assistants.

Skadden received an initial retainer of $1,250,000.  Skadden had
$863,827 remaining in the Retainer as of the Petition Date.  Within
the one-year period preceding the Petition Date, the total
aggregate amount of fees earned and expenses incurred by Skadden on
behalf of the Debtors was $5,502,044, and during the same period,
the Debtors paid Skadden an aggregate of $6,365,871 for those
matters, including payment of the Retainer.

Skadden has charged and will continue to charge the Debtors for all
other services provided and for other charges and disbursements
incurred in the rendition of those services.

Kenneth S. Ziman, Esq., a member of Skadden, 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.  Mr. Ziman discloses that
current and former officers and directors of the Debtors serve or
have served on the boards of directors of, or are employed or have
been employed by, certain current and former clients of Skadden.
Skadden represents or has represented each of these clients in
matters unrelated to the Debtors: Amgen Inc.; Avanir
Pharmaceuticals; BioMarin Pharmaceuticals, Inc.; Cempra, Inc.;
Delcath Systems, Inc.; Eli Lilly and Company; EMCOR Group, Inc.;
Genta Incorporated; Hospira Inc.; Human Genome Sciences, Inc.;
IntegraMed America, Inc.; NPS Pharmaceuticals, Inc.; OraSure
Technologies, Inc.; Pharmaceutical Research and Manufacturers of
America; Portola Pharmaceuticals, Inc.; Rx Mosaic Health LLC;
Savient Pharmaceuticals; Shire plc; Tranzyme Pharma; Warburg Pincus
LLC; and Wright Medical Group, Inc.

In response to the questions under section D(1) of the Revised U.S.
Trustee Guidelines, Skadden says, among other things, that it did
not agree to any variations from, or alternatives to, its standard
or customary billing arrangement for its engagement with the
Debtors and none of the professionals included in the engagement
vary their rate based on the geographic location of the bankruptcy
case.

                        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 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.


DENDREON CORP: Lazard Freres Approved as Investment Banker
----------------------------------------------------------
The Hon. Peter J. Walsh of the U.S. Bankruptcy Court for the
District of Delaware authorized Dendreon Corporation, et al., to
employ Lazard Freres & Co. LLC as investment banker.

As reported by the Troubled Company Reporter on Nov. 25, 2014,
Lazard has agreed to provide the following services as:

   * review and analyze the Debtor's business, operations and
     financial projections;

   * evaluate the Debtor's potential debt capacity in light of its
     projected cash flows;

   * assist in the determination of a capital structure for the
     Debtors;

   * assist in the determination of a range of values for the
     Debtors on a going concern basis;

   * advise the Debtors on tactics and strategies for negotiating
     with the Stakeholders;

   * render financial advice to the Debtors and participate in
     meetings or negotiations with the Stakeholders and/or rating
     agencies or other appropriate parties in connection with any
     Restructuring;

   * advise the Debtors on the timing, nature, and terms of new
     securities, other consideration or other inducements to be
     offered pursuant to any Restructuring;

   * assist the Debtors in preparing documentation within Lazard's
     area of expertise that is required in connection with any
     Restructuring;

   * assist the Debtors in identifying and evaluating candidates
     for any potential Sale Transaction, advise the Debtors in
     connection with negotiations and aid in the consummation of
     any Sale Transaction;

   * advise and assist the Debtors in evaluating any potential
     debtor-in-possession or exit financing in connection with a
     case under the Bankruptcy Code, contact potential sources for
     financing, and assist the Debtors in implementing that
     financing;

   * advise the Debtors with respect to, and attend, meetings of
     the Debtors' Board of Directors, as necessary;

   * if requested by the Debtors, participate in hearings before
     the Bankruptcy Court and provide relevant testimony with
     respect to the matters described herein; and

   * render other financial advisory and investment banking
     services as may be agreed upon by Lazard and the Debtors.

The Debtors have agreed to pay Lazard $150,000 per month; a fee,
payable upon consummation of any Restructuring, equal to 1.00% of
any Existing Obligations involved in the Restructuring; and, if the
Debtors consummate a Sale Transaction for which Lazard has provided
services, an amount to be mutually agreed in good faith and
consistent with the compensation customarily received by investment
bankers of similar standing in similar situations.

To the extent that expenses exceed $50,000, the Debtors will
reimburse Lazard for its reasonable expenses incurred in connection
with the performance of its engagement.

The Debtors have paid a total of $1,200,000 to Lazard for services
performed prior to the Petition Date.

Brandon Aebersold, a Managing Director of the firm Lazard Freres &
Co. LLC, in New York, assured the Court that it his firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

                        About 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 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.


DENDREON CORP: Prime Clerk Okayed as Administrative Advisor
-----------------------------------------------------------
The Hon. Peter J. Walsh of the U.S. Bankruptcy Court for the
District of Delaware authorized Dendreon Corporation, et al., to
employ Prime Clerk LLC as administrative advisor.

As reported in the Troubled Company Reporter on Nov. 26, 2014, the
firm will provide, among other things, the following services:

   (a) assist with, among other things, solicitation, balloting
       and tabulation of votes, and prepare any related reports,
       as required in support of confirmation of a Chapter 11
       plan, and in connection with those services, process
       requests for documents from parties in interest, including,
       if applicable, brokerage firms, bank back-offices and
       institutional holders;

   (b) prepare an official ballot certification and, if necessary,
       testify in support of the ballot tabulation results;

   (c) assist with the preparation of the Debtors' schedules of
       assets and liabilities and statements of financial affairs
       and gather data in conjunction therewith;

   (d) provide a confidential data room, if requested;

   (e) manage and coordinate any distributions pursuant to a
       Chapter 11 plan; and

   (f) provide other processing, solicitation, balloting and other
       administrative services as may be requested from time to
       time by the Debtors, the Court or the Office of the Clerk
       of the Bankruptcy Court.

Prime Clerk will be paid its customary hourly rates and will be
reimbursed for any necessary out-of-pocket expenses.

Michael J. Frishberg, co-president and chief operating officer of
Prime Clerk LLC, assured the Court that his firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

                        About 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 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.


DENDREON CORP: Selects AlixPartners as Restructuring Advisors
-------------------------------------------------------------
The Hon. Peter J. Walsh of the U.S. Bankruptcy Court for the
District of Delaware authorized Dendreon Corporation, et al., to
employ AlixPartners, LLP, as restructuring advisors.

As reported in the Troubled Company Reporter on Nov. 24, 2014,
AlixPartners has agreed to provide the following services:

   * Provide assistance to management in connection with the
     Debtors' development of its cash flow models and such other
     related forecasts as may be required.

   * Provide assistance to management and the Debtors' counsel and
     investment bankers, as necessary, with respect to their
     negotiations with creditors and potential acquirers of
     Debtors' assets.

   * Assist in preparing for and filing a bankruptcy petition,
     coordinating and providing administrative support for the
     proceeding.

   * Assist with the preparation of the statement of affairs,
     schedules and other regular reports required by the Court.

   * Assist, as requested, in analyzing preferences and other
     avoidance actions, as required.

   * Manage the claims and claims reconciliation processes.

   * Assist the Debtors with electronic data collection.

   * Assist the Debtors in other business and financial aspects of
     the Chapter 11 Cases, including, but not limited to,
     development of a Disclosure Statement and Plan of
     Reorganization.

   * Provide assistance in areas as testimony before the Court on
     matters that are within the scope of this engagement and
     within AlixPartners' area of testimonial competencies.

   * Assist with other matters as may be requested that fall
     within AlixPartners' expertise and that are mutually
     agreeable.

The current standard hourly rates charged by AlixPartners in
respect of the professionals anticipated to be assigned to the
Debtors' cases are as follows:

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

In addition to compensation for professional services, AlixPartners
will seek reimbursement for reasonable and necessary expenses
incurred in connection with the Chapter 11 cases.

According to AlixPartners' books and records, during the 90-day
period prior to the Petition Date, AlixPartners received
approximately $1,342,726 from the Debtors for professional services
performed and expenses incurred.  Further, AlixPartners' current
estimate is that it has received unapplied advance payments from
the Debtors in excess of prepetition billings in the amount of
approximately $250,000, which amount is subject to final
determination after all prepetition billings and collections are
reconciled.

Alan D. Holtz, a managing director of AlixPartners, LLP, assured
the Court that his firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.
Mr. Holtz, however, discloses, among other things, that a former
confidential client of AlixPartners in matters unrelated to the
Debtors is a vendor to the Debtors and ADP Inc., a vendor to the
Debtors, is a bondholder and vendor to current and former
AlixPartners clients in matters unrelated to the Debtors.

                        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 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.


DOLAN COMPANY: Court Enters Final Decree Closing Cases
------------------------------------------------------
At the request of The Dolan Company, et al., Judge Brendan L.
Shannon, entered a final decree closing the Debtors' Chapter 11
cases effective March 16, 2015.

In seeking the order, the Reorganized Debtors explained that their
remaining tasks in the Chapter 11 cases are limited to the
submission of their final quarterly report and payment of quarterly
fees and certain other miscellaneous activities.

On June 9, 2014, the Court entered an order confirming the Debtors'
Modified Joint Prepackaged Plan of Reorganization.  On June 12,
2014, the Debtors successfully consummated the Plan and emerged
from chapter 11 as the Reorganized Debtors.  Pursuant to the Plan,
the Reorganized Debtors operate each of DiscoverReady LLC -- the
Professional Services Division's non Debtor subsidiary that is a
leader in the e-discovery business -- and the Debtors' other
businesses, as separate and distinct businesses.

Following the Effective Date, the Reorganized Debtors disposed of
substantially all open issues in the Chapter 11 Cases, and
distributions to creditors in all classes entitled to recoveries
under the Plan have been made in accordance with the terms of the
Plan or, will be made in the ordinary course under the terms of the
Plan.

All pending motions, all objections to claims, and all adversary
proceedings have been resolved.

The Reorganized Debtors will pay estimated quarterly fees for the
first quarter of 2015.  The Reorganized Debtors will submit to the
U.S. Trustee a (final) quarterly report for the first quarter of
2015 promptly upon completion of such report and pay further
quarterly fees (if any) due to the U.S. Trustee.

The Debtors' attorneys can be reached at:

         Laura Davis Jones, Esq.
         Michael R. Seidl, Esq.
         PACHULSKI STANG ZIEHL & JONES LLP
         919 North Market Street, 17th Floor
         P.O. Box 8705
         Wilmington, Delaware 19899-8705 (courier 19801)
         Telephone: (302) 652-4100
         Facsimile: (302) 652-4400
         E-mail: ljones@pszjlaw.com
                 mseidl@pszjlaw.cgm

                   - and -

         Mare Kieselstein, P.C., Esq.
         Jeffrey D. Pawlitz, Esq.
         Joseph M. Graham, Esq.
         KIRKLAND & ELLIS LLP
         300 North LaSalle
         Chicago, Illinois 60654
         Telephone: (312) 862-2000
         Facsimile: (312) 862-2200
         E-mail: rnarc.kieselstein@kirkland.cpm
                 jeffrey.pawlitz@kirkland.com
                 joe.graham@kirkland.com

                    About The Dolan Company

Minneapolis, Minn.-based The Dolan Company (OTC:DOLN) and its
subsidiaries provide professional services and business
information to the legal, financial and real estate sectors.

The Dolan Company and several affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del. Case Nos. 14-10614 to
14-10637) on March 23, 2014.  The Company has said it expects to
emerge from bankruptcy within two months.

Judge Brendan L. Shannon oversees the cases.  Marc Kieselstein,
P.C., Jeffrey D. Pawlitz, Esq., and Joseph M. Graham, Esq., at
Kirkland & Ellis LLP, serve as the Debtors' counsel.  Timothy P.
Cairns, Esq., Laura Davis Jones, Esq., and Michael Seidl, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as local counsel.

Kevin Nystrom serves as the Company's chief restructuring officer.

Faegre Baker Daniels LLP serves as the Debtors' special counsel;
Peter J. Solomon Company serves as financial advisors; and
Kurtzman Carson Consultants, LLC, serves s noticing and balloting
agent.
Deloitte Tax LLP serves as tax advisors.  Zolfo Cooper LLC also
serves as advisors.

Dolan listed $236.2 million in total assets and $185.9 million in
total debts at Sept. 30, 2013.  The petitions were signed by Vicki
J. Duncomb, authorized signatory.

Global investment management firm T. Rowe Price Associates, Inc.,
owns nearly 10% of the company's stock, while James Dolan owns
6.8%.

Dolan's e-discovery business, DiscoverReady LLC, did not file a
chapter 11 petition and its operations will not be affected by the
chapter 11 process.

On March 18, 2014, Dolan and its lenders and certain of its swap
counterparties executed a restructuring support agreement that
sets
forth the material terms of the chapter 11 restructuring and
secures the support of the secured creditors for that process. In
accordance with the RSA, the Company commenced solicitation for
votes on the chapter 11 plan from secured creditors, the only
parties entitled to vote under the plan of reorganization.

The chapter 11 plan contemplates that the secured lenders will
become the owner of DiscoverReady and The Dolan Company upon the
completion of the restructuring process and each business will be
operated as separate and distinct entities.  Investment funds
managed by Bayside Capital, Inc. will become the majority owner of
DiscoverReady and The Dolan Company.  Bayside Capital is an
affiliate of H.I.G. Capital, a global private investment firm with
more than $15 billion of equity capital under management.

The chapter 11 plan process will allow the filing subsidiaries of
the Company to deleverage its capital structure by reducing its
projected secured debt obligations from approximately $170 million
to approximately $50 million.  The RSA also secures support from
the lenders to refinance DiscoverReady's capital structure with a
$10 million unfunded secured revolving facility.  The existing
preferred and common shares will be cancelled and will not receive
a recovery in the chapter 11 plan.  After emergence from
bankruptcy, both The Dolan Company and DiscoverReady LLC will be
privately held companies.

The lenders are to provide a $10 million DIP loan to fund the cash
needs of the Company and DiscoverReady through the reorganization
process.

Bayside Capital is represented in the case by Akin Gump Strauss
Hauer & Feld LLP's Michael S. Stamer, Esq., and Sarah Link
Schultz, Esq.

An Official Committee of Equity Security Holders is represented by
Neil B. Glassman, Esq., GianClaudio Finizio, Esq., and Justin R.
Alberto, Esq., at Bayard, P.A., in Wilmington, Delaware; Robert J.
Stark, Esq., at Brown Rudnick LLP, in New York; and Steven B.
Levine, Esq., at Brown Rudnick LLP, in Boston, Massachusetts.

The Debtors have filed a request to disband the Equity Committee,
given the "hopeless insolvency" of their estates.

Dolan Company and its subsidiaries on June 12 disclosed that they
have emerged from chapter 11 only 81 days after voluntarily filing
for bankruptcy protection.  As previously announced, the United
States Bankruptcy Court for the District of Delaware confirmed the
Company's plan of reorganization on June 9, 2014.



DORAL FINANCIAL: Eyeing Puerto Rico Gov't for Ch. 11 Recoveries
---------------------------------------------------------------
Law360 reported that Doral Financial Corp., driven to bankruptcy by
the loss of a $229 million tax refund claim against the Puerto
Rican government, may yet be able to monetize its long-running tax
dispute with the commonwealth to repay creditors, its attorney
said.

According to the report, the Debtor's counsel, Mark Bane of Ropes &
Gray LLP, said that Doral would actively explore litigation claims
that, while "speculative" at this point, could provide a source of
recovery for bondholders owed $207 million.  Mr. Bane adds that
Doral is negotiating with creditors that financed the construction
of an office building in San Juan owned by Doral Properties, one of
the nondebtor units.  A consensual deal would let Doral sell off
the building and pay down $30 million in bond debt without
incurring the cost of placing Doral Properties into Chapter 11, he
said, according to Law360.  Otherwise, Doral Properties could
follow the parent into Chapter 11, the lawyer noted, Law360 said.

                        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.

The U.S. trustee overseeing the Chapter 11 case of Doral Financial
Corp. appointed five creditors of the company to serve on the
official committee of unsecured creditors.


ECOSPHERE TECHNOLOGIES: Brisben Reports 21.8% Stake as of March 20
------------------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, William O. Brisben disclosed that as of March 20, 2015,
he beneficially owned 44,614,406 shares of common stock of
Ecosphere Technologies, Inc., which represents 21.8 percent based
upon 164,147,155 shares reported as outstanding as of Nov. 7, 2014,
in the issuer's quarterly report on Form 10-Q filed with the
Securities and Exchange Commission on Nov. 11, 2014.  A copy of the
regulatory filing is available for free at:

                        http://is.gd/TOl1vC

                   About Ecosphere Technologies

Stuart, Florida-based Ecosphere Technologies (OTC BB: ESPH) --
http://www.ecospheretech.com/-- is a water engineering,    
technology licensing and environmental services company that
designs, develops and manufactures wastewater treatment solutions
for industrial markets.  Ecosphere, through its majority-owned
subsidiary Ecosphere Energy Services, LLC, provides energy
exploration companies with an onsite, chemical free method to kill
bacteria and reduce scaling during fracturing and flowback
operations.

Ecosphere Technologies reported net income of $19.2 million in
2013 following net income of $1.05 million in 2012.

As of Sept. 30, 2014, the Company had $16.8 million in total
assets, $3.59 million in total liabilities, $3.78 million in total
redeemable convertible cumulative preferred stock, and $9.41
million in total equity.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company had a loss from operations and cash used in
operations along with an accumulated deficit.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


EDELMIRO TOLEDO-CARDONA: Mortgage Row Has Court Rethinking Ruling
-----------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the U.S. Supreme Court heard two cases that
give hope to millions of Americans who bought houses at the peak of
the housing boom and wound up with homes worth less than their
mortgage debt.

According to the report, the question before the court is whether a
person can use Chapter 7 of the Bankruptcy Code to completely
eliminate a second mortgage when a home is worth less than the
first-mortgage debt.  The justices' queries and comments at oral
argument suggested they may help homeowners, at the expense of
lenders who extended second and third mortgages, the report
related.

Three federal courts of appeal have said a 1992 Supreme Court
decision, known as Dewsnup, requires keeping all mortgages alive
after bankruptcy, the report added.  The 1992 case was decided by a
6-2 vote, over a vigorous dissent by Justice Antonin Scalia, who
was joined by David Souter, now retired, while Justice Clarence
Thomas didn't participate, the report related.

The cases are Bank of America v. Toledo-Cardona, 14-163 and Bank of
America v. Caulkett, U.S. Supreme Court 13-1421 (Washington).


EGPI FIRECREEK: Directors and Officers Named
--------------------------------------------
Effective March 24, 2015, by majority consent of the EGPI
Firecreek, Inc. shareholders of record at March 24, 2015, four
members were elected to the Company's Board of Directors, namely:
Dennis R. Alexander, Michael Trapp, Michael D. Brown and David
Taylor.  The Directors will hold their respective office until the
Company's Annual Meeting of Shareholders in 2016 or until their
successors are duly elected and qualified.

Dennis R. Alexander has served as chairman, CEO, and chief
financial officer of the Company since May 21, 2009, having served
as chairman, president and chief financial officer of EGPI and
Firecreek Petroleum, Inc. since Feb. 10, 2007.

Michael Trapp has served as a director of the Company since
May 21, 2009, having been appointed as a Director of EGPI on
Dec. 3, 2008.

David Taylor has served as a director of the Company since
Sept. 16, 2010.  Since March 20, 2014, he serves as a director, as
president, as secretary, treasurer, principal financial and
accounting officer of XR Energy, Inc.

Michael D. Brown was appointed to the Board of Directors of the
Company on July 6, 2009.  Mr. Brown was nominated by president
George W. Bush as the first Under Secretary of Emergency
Preparedness and Response (EP&R) in the newly created Department of
Homeland Security in January 2003.

Also effective March 24, 2015, by majority consent of the EGPI
Firecreek, Inc. directors of record at March 24, 2013, three
persons were elected as officers of the Company, namely: Dennis R.
Alexander, Michael Trapp and Deborah L. Alexander.  The Officers
will hold their respective office until the Company's Annual
Meeting of Directors in 2016 or until their successors are duly
elected and qualified.  

Effective March 24, 2015 The Board of Directors of the Company
reconfirmed certain changes to certain committees: The Audit
Committee and a combined Nominating and Compensation and Stock
Option Committee.

The Audit Committee is composed initially of two members: Ms.
Joanne Sylvanus, its Chairman, and Dennis Alexander, member.
The combined Nomination and the Compensation and Stock Option
Committee are composed initially of three members: Mr. Mike Trapp,
David Taylor, and Dennis Alexander, members.

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

                        http://is.gd/UmmygR

                        About EGPI Firecreek

Scottsdale, Ariz.-based EGPI Firecreek, Inc. (OTC BB: EFIR) was
formerly known as Energy Producers, Inc., an oil and gas
production company focusing on the recovery and development of oil
and natural gas.

The Company has been focused on oil and gas activities for
development of interests held that were acquired in Texas and
Wyoming for the production of oil and natural gas through Dec. 2,
2008.  Historically in its 2005 fiscal year, the Company initiated
a program to review domestic oil and gas prospects and targets.
As a result, EGPI acquired non-operating oil and gas interests in
a project titled Ten Mile Draw located in Sweetwater County,
Wyoming for the development and production of natural gas.  In
July 2007, the Company acquired and began production of oil at the
2,000 plus acre Fant Ranch Unit in Knox County, Texas.  This was
followed by the acquisition and commencement in March 2008 of oil
and gas production at the J.B. Tubb Leasehold Estate located in
the Amoco Crawar Field in Ward County, Texas.

EGPI Firecreek disclosed a net loss of $6.08 million on $124,157
of total revenue for the year ended Dec. 31, 2012, as compared
with a net loss of $4.97 million on $293,712 of total revenue for
the year ended Dec. 31, 2011.  The Company's balance sheet at
March 31, 2013, showed $1.31 million in total assets, $6.92
million in total liabilities, all current, $1.86 million in series
D preferred stock, and a $7.48 million total shareholders'
deficit.

M&K CPAS, PLLC, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31,
2012.  The independent auditors noted that he Company has suffered
recurring losses and negative cash flows from operations that
raise substantial doubt about its ability to continue as a going
concern.


ELBIT IMAGING: Posts NIS 784 Million Profit in 2014
---------------------------------------------------
Elbit Imaging Ltd. reported profit of NIS 784 million on NIS 399
million of total revenues for the year ended Dec. 31, 2014,
compared to a loss of NIS 1.56 billion on NIS 211 million of total
revenues for the year ended Dec. 31, 2013.

As of Dec. 31, 2014, Elbit had NIS $3.66 billion in total assets,
NIS 2.94 billion in total liabilities, and NIS 712 million in
shareholders' equity.

As a consequence of the closing of the Company's Plan of
Arrangement in which 508,027,457 new shares were issued, Europe
Israel (M.M.S.) Ltd. has been diluted to approximately 2% of the
issued and outstanding share capital of the Company and therefore
ceased to be the controlling shareholder of the Company.  In
addition, on July 21, 2013, the Israeli District Court in Tel-Aviv
Jaffa had appointed a receiver for Europe Israel and later on the
receiver was appointed also as the liquidator of Europe Israel
which had ceased to be a going concern.

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

                        http://is.gd/wFSXsC

                        About Elbit Imaging

Tel-Aviv, Israel-based Elbit Imaging Ltd. (TASE, NASDAQ: EMITF)
hold investments in real estate and medical companies.  The
Company, through its subsidiaries, also develops shopping and
entertainment centers in Central Europe and invests in and manages
hotels.

Since February 2013, Elbit has intensively endeavored to come to
an arrangement with its creditors.  Elbit has said it has been
hanging by a thread for more than five months.  It has encountered
cash flow difficulties and this burdens its day to day activities,
and it certainly cannot make the necessary investments to improve
its assets.  In light of the arrangement proceedings, and
according to the demands of most of the bondholders, as well as an
agreement that was signed on March 19, 2013, between Elbit and the
Trustees of six out of eight series of bonds, Elbit is prohibited,
inter alia, from paying off its debts to the financial creditors
-- and as a result a petition to liquidate Elbit was filed, and
Bank Hapoalim has declared its debts immediately payable,
threatening to realize pledges that were given to the Bank on
material assets of the Company -- and Elbit undertook not to sell
material assets of the Company and not to perform any transaction
that is not during its ordinary course of business without giving
an advance notice to the trustees.

Accountant Rony Elroy has been appointed as expert for examining
the debt arrangement in the Company.

In July 2013, Elbit Imaging's controlling shareholders, Europe-
Israel MMS Ltd. and Mr. Mordechay Zisser, notified the Company
that the Tel Aviv District Court has appointed Adv. Giroa Erdinast
as a receiver with regards to the ordinary shares of the Company
held by Europe Israel securing Europe Israel's obligations under
its loan agreement with Bank Hapoalim B.M.  The judgment stated
that the Receiver is not authorized to sell the Company's shares
at this stage.  Following a request of Europe-Israel, the Court
also delayed any action to be taken with regards to the sale of
those shares for a period of 60 days.  Europe Israel and
Mr. Zisser have also notified the Company that they utterly reject
the Bank's claims and intend to appeal the Court's ruling.


ENDEAVOUR INT'L: Lenders Want $440-Mil. Lien Probe Halted
---------------------------------------------------------
Law360 reported that bank lenders helping finance Endeavour
International Corp.'s push to restructure $1.2 billion in debt
through Chapter 11 moved to cut off an investigation into the
validity of their liens, asking the presiding bankruptcy judge to
deny a requested deadline extension.

According to the report, in an objection filed in Delaware
bankruptcy court, an informal committee of term lenders to
Endeavour's non-bankrupt U.K. division said that unsecured
creditors do not deserve more time to investigate and potentially
challenge senior liens asserted against the oil and gas exploration
company.

                   About Endeavour International

Houston, Texas-based Endeavour International Corporation (OTC:
ENDRQ) (LSE: ENDV) is an oil and gas exploration and production
company focused on the acquisition, exploration and development of
energy reserves in the North Sea and the United States.

On Oct. 10, 2014, Endeavour International and five affiliates
filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code after reaching a restructuring deal
with noteholders.  The cases are pending joint administration
under Endeavour Operating Corp.'s Case No. 14-12308 before the
Honorable Kevin J. Carey (Bankr. D. Del.).

As of June 30, 2014, the Company had $1.55 billion in total
assets, $1.55 billion in total liabilities, $43.7 million in
series c convertible preferred stock, and a $41.5 million
stockholders' deficit.

The Debtors have tapped Weil, Gotshal & Manges LLP as counsel;
Richards, Layton & Finger, P.A., as co-counsel; The Blackstone
Group L.P., as financial advisor; AlixPartners, LLP, as
restructuring advisor; and Kurtzman Carson Consultants LLC, as
claims and noticing agent.

The U.S. Trustee for Region 3 has appointed three members to the
Official Committee of Unsecured Creditors in the Chapter 11 cases
of Endeavour Operating Corporation and its debtor affiliates.  The
Committee is represented by David M. Bennett, Esq., Cassandra
Sepanik Shoemaker, Esq., and Demetra L. Liggins, Esq., at Thompson
& Knight LLP, and Neil B. Glassman, Esq., Scott D. Cousins, Esq.,
and Evan T. Miller, Esq., at Bayard, P.A.  Alvarez & Marsal North
America, LLC, serves as financial advisors to the Committee, while
UpShot Services LLC serves as website administrator.

                        *     *     *

U.S. Bankruptcy Judge Kevin J. Carey in of Delaware, on Dec. 22,
2014, approved the disclosure statement explaining Endeavour
Operating Corporation, et al.'s joint plan of reorganization.

The Amended Plan, dated Dec. 19, 2014, provides that it is
supported by creditors who collectively hold 82.99% of the March
2018 Notes Claims (Class 3), 70.88% of the June 2018 Notes Claims
(Class 4), 99.75% of the 7.5% Convertible Bonds Claims (Class 5),
and 69.08% of the Convertible Notes Claims (Class 6).  The Amended
Plan also provides that holders of general unsecured claims will
recover an estimated 15% of the total claims amount, which is
estimated to be $6,000,000.

The hearing to consider confirmation of the Amended Joint Plan of
Reorganization, dated Dec. 23, 2014, of Endeavour Operating
Corporation and its affiliated debtors, including Endeavour
International Corporation, has been adjourned to a date to be
determined.


FAIRFIELD SENTRY: Baupost Pushes for OK on Madoff Claim
-------------------------------------------------------
Law360 reported that hedge fund Baupost Group LLC bumped heads with
U.S. Bankruptcy Judge Stuart M. Bernstein, who is overseeing the
Chapter 15 case of Bernard Madoff feeder fund Fairfield Sentry,
pushing to consummate its deeply discounted purchase of a claim
against the Bernard Madoff bankruptcy estate that later turned out
to be worth $230 million and appeared to be on track until it was
halted by the Second Circuit in January.

                     About Fairfield Sentry

Fairfield Sentry is being liquidated under the supervision of the
Commercial Division of the High Court of Justice in the British
Virgin Islands.  It is one of the funds owned by the Fairfield
Greenwich Group, an investment firm founded in 1983 in New York
City.  Fairfield Sentry and other Greenwich funds had among the
largest exposures to the Bernard L. Madoff fraud.

Fairfield Sentry Limited filed for Chapter 15 protection (Bankr.
S.D.N.Y. Case No. 10-13164) on June 14, 2010.

Fairfield Sentry became the subject of a BVI liquidation, and a
BVI court appointed the Liquidator under BVI law.  The Liquidator
then sought recognition of the BVI liquidation as a foreign main
proceeding under Chapter 15 of the Code in the Southern District
of New York.  The Bankruptcy Court entered an order granting
recognition of the Fairfield Sentry case on July 22, 2010,
enabling the Liquidator to use the U.S. Bankruptcy Court to
protect and administer Fairfield Sentry's assets in the U.S.

                    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.


FIRSTPAY INC: Trustee Takes $28-Mil. Tax Row to High Court
----------------------------------------------------------
Law360 reported that the trustee for bankrupt payroll processing
firm FirstPay Inc. has asked the U.S. Supreme Court to reconsider
the Fourth Circuit's decision barring him from reclaiming $28
million in federal payroll tax payments the company sent to the
Internal Revenue Service.

According to the report, the Fourth Circuit sided with the IRS in
December, saying FirstPay could not recover funds the company sent
to the agency within 90 days before filing for bankruptcy because
it lacked sufficient interest in the property and merely held it in
an express trust for its clients.  The appellate court's decision
flew in the face of Supreme Court precedent and law followed by
federal courts requiring parties that claim to have received money
from a common-law trust to trace the source of the funds, trustee
Michael G. Wolff said in a petition filed March 11.

The case is Wolff v. U.S., case number 14-1098, in the U.S. Supreme
Court.


FL 6801: Soothes Condo Owners' Chap. 11 Complaints
--------------------------------------------------
Law360 reported that lawyers for the Canyon Ranch hotel-condominium
project backed by Lehman Brothers Holdings Inc. unveiled a
settlement of $341 million in damages claimed by condo unit holders
who fought against the Miami development's bankruptcy sale to
private equity firm Z Capital Partners.

According to the report, the deal signals peace between former
Canyon Ranch owner FL 6801 Spirits LLC and more than 500 condo
buyers that have been vocal opponents throughout the mixed-use
hotel and residential project's eight-month bankruptcy.

                      About FL 6801 Spirits

FL 6801 Spirits LLC, a wholly owned subsidiary of Lehman Brothers
Holdings Inc. and three of its wholly owned subsidiaries filed
voluntary Chapter 11 petitions, seeking bankruptcy protection for
their condominium hotel property in Miami Beach.  The affiliates
are FL 6801 Collins North LLC, FL 6801 Collins Central LLC, and FL
6801 Collins South LLC.

FL Spirits' Canyon Ranch Living Hotel and Spa is a luxury
full-service, ocean front condominium hotel located at the site of
the old Carillon Hotel in Miami Beach, Florida.  The current
operator of the hotel, Canyon Ranch Living, is not a debtor, and
operations at the property are expected to continue without
interruption.

FL Spirits and the three affiliates companies have sought joint
administration, with pleadings to be maintained at FL 6801's case
docket (Bankr. S.D.N.Y. Lead Case No. 14-11691).

FL Spirits has tapped Togut, Segal & Segal LLP as general
bankruptcy counsel, Shutts & Bowen LLP as special real estate
counsel, CBRE, Inc., as real estate broker, and Prime Clerk as
claims and notice agent.

Lehman Brothers filed for Chapter 11 bankruptcy (Bankr. S.D.N.Y.
Case No. 08-13555) on Sept. 15, 2008.  Lehman's bankruptcy
Petition
disclosed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S.
history.  Lehman's Chapter 11 plan became effective on March 6,
2012.

The Associations are represented by Alan F. Kaufman, Esq., at
Hinshaw & Culbertson LLP; and Charles M. Tatelbaum, Esq., at Tripp
Scott PA.


FLINTKOTE CO: Plan Confirmation Hearing Scheduled for August 10
---------------------------------------------------------------
The following statement is being issued regarding In re The
Flintkote Company and Flintkote Mines Limited, Case No. 04-11300
(MFW) (Jointly Administered).

TYPES OF PRODUCTS: During the 1930s to the 1980s, some products
sold by The Flintkote Company and Flintkote Mines Limited (the
"Debtors") contained asbestos.  These products could have included
floor tile, roofing shingles, joint compound, fiber pipe, liquid
products, cement board, cement siding, cement pipe, asphalt and
other products.

Persons or entities exposed to, or harmed by, the Debtors' asbestos
or asbestos-containing products may have personal injury, wrongful
death or other claims against the Debtors.  You do not need to (i)
have been diagnosed, (ii) have symptoms, or (iii) be impaired to be
affected by the Plan (defined below).

If you believe you may have been exposed to, or harmed by the
Debtors' products, you may be entitled to vote on confirmation of
the Plan.  You should carefully read this notice and the important
documents located at http://www.flintkotebankruptcy.com

PLAN OF REORGANIZATION: The Debtors filed for bankruptcy in 2004.
On February 9, 2015, the Debtors filed a modified joint plan of
reorganization (the "Plan") with the United States Bankruptcy Court
for the District of Delaware (the "Bankruptcy Court").  The Plan
includes the terms of a settlement reached between the Debtors and
their former indirect parent company, Imperial Tobacco Canada
Limited ("ITCAN").  The Plan has been jointly proposed by the
Debtors, the Asbestos Claimants Committee and the Future Claimants
Representative (collectively, the "Plan Proponents").  As
background, the Plan is a modified version of a bankruptcy plan on
which Debtors previously solicited votes in 2008 and 2009, and
which was confirmed by the Bankruptcy Court on December 21, 2012
(the "Prior Plan").

A document describing how the Plan differs from the Prior Plan (the
"Disclosure Statement Supplement"), which the Bankruptcy Court
approved on March 17, 2015, a copy of the Plan itself and related
voting materials (a "Resolicitation Package"), has been mailed to
known holders of claims against the Debtors or the claimants'
lawyers.

THE TRUST: The Plan provides for a trust to be established to pay
eligible asbestos personal injury claims against the Debtors (the
"Trust").  The Plan provides that all current and future holders of
asbestos personal injury claims will be forever prohibited from
asserting claims directly against the Debtors and other parties
protected under the Plan, including ITCAN.  Such claimants can
receive money only from the Trust.  The Plan and the Disclosure
Statement Supplement contain important additional details and are
available at http://www.flintkotebankruptcy.com

SUPPLEMENTAL SETTLEMENT BAR ORDER: Under the Plan, ITCAN will also
obtain protection from certain claims by a settlement bar order,
which is described more particularly in the Plan and Disclosure
Statement Supplement.

VOTING PROCEDURES: The Bankruptcy Court has issued an order
describing who can vote on the Plan, how to vote, and how votes
will be counted.  The Disclosure Statement Supplement has
information that will help you decide whether and how to vote on
the Plan if you are entitled to do so.  Votes cast on the Prior
Plan will be counted as votes on the Plan, unless a holder changes
such vote.  If you voted on the Prior Plan and do not wish to
change your vote, you do not need to submit a ballot.  If you did
not vote on the Prior Plan, you may obtain and cast a ballot, which
would be subject to the Plan Proponents' right to object. To be
counted, a completed ballot must be received by the Voting Agent at
the address below by 4:00 p.m. (prevailing Eastern time) on June 2,
2015.  Any ballot received after that deadline will not be
counted.

Proof of an asbestos personal injury or wrongful death claim does
not need to be filed with the Bankruptcy Court.  Special procedures
have been established for holders of asbestos personal injury and
wrongful death claims to vote on the Plan.  Lawyers for holders of
these claims may vote on the Plan on behalf of their clients if
authorized by their client.  If you are unsure whether your lawyer
is authorized to vote on your behalf, please contact your lawyer.

THE HEARING TO CONFIRM THE PLAN: A hearing to confirm the Plan will
be held before the Honorable Mary F. Walrath, United States
Bankruptcy Judge, at the United States Bankruptcy Court for the
District of Delaware, 824 Market Street, 5th Floor, Wilmington,
Delaware 19801, commencing on August 10, 2015 at 10:30 a.m.
(prevailing Eastern time).

OBJECTING TO THE PLAN: Parties may only object to the changes
between the Prior Plan and the Plan, and objections must be
submitted in writing and received by July 8, 2015 to be considered.
  All objections must comply with the requirements in the notice of
the Confirmation Hearing, available at
http://www.flintkotebankruptcy.com/

HOW TO OBTAIN DOCUMENTS: If you would like additional information
about the Plan, Disclosure Statement Supplement and other
Trust-related documents (including copies of the Plan, Disclosure
Statement Supplement and other Trust-related documents), you may
contact the Debtors' Voting Agent at (800) 290-0537, visit
http://www.flintkotebankruptcy.comor write to The Flintkote
Company and Flintkote Mines Limited, c/o GCG, P.O. Box 10127,
Dublin, Ohio 43017-3127.

                   About The Flintkote Company

Headquartered in San Francisco, California, The Flintkote Company
is engaged in the business of manufacturing, processing and
distributing building materials.  Flintkote Mines Limited is a
subsidiary of Flintkote Company and is engaged in the mining of
base-precious metals.  The Flintkote Company filed for Chapter 11
protection (Bankr. D. Del. Case No. 04-11300) on April 30, 2004.

Flintkote Mines Limited filed for Chapter 11 relief (Bankr. D. Del.
Case No. 04-12440) on Aug. 25, 2004.  Kevin T. Lantry, Esq.,
Jeffrey E. Bjork, Esq., Dennis M. Twomey, Esq., Jeremy E.
Rosenthal, Esq., and Christina M. Craige, Esq., at Sidley Austin,
LLP, in Los Angeles; James E. O'Neill, Esq., and Laura Davis Jones,
Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington, Del.,
represent the Debtors in their restructuring efforts.

Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, in New
York, N.Y.; Peter Van N. Lockwood, Esq., Ronald E. Reinsel, Esq.,
at Caplin & Drysdale, Chartered, in Washington, D.C.; and Philip E.
Milch, Esq., at Campbell & Levine, LLC, in Wilmington, Del.,
represent the Asbestos Claimants Committee as counsel.

James J. McMonagle, is the legal representative for future
claimants.  The FCR has retained Dr. Timothy Wyant as claims
evaluation consultant.  The FCR is represented by James L. Patton,
Jr., Esq., and Edwin J. Harron, Esq., at Young Conaway Stargatt &
Taylor, LLP; and Reginald W. Jackson, Esq., at Vorys, Sater,
Seymour & Pease LLP.

When Flintkote filed for protection from its creditors, it
estimated more than $100 million each in assets and debts.  When
Flintkote Mines Limited filed for protection from its creditors, it
estimated assets of $1 million to $50 million, and debts of more
than $100 million.

The Debtors' Chapter 11 cases have been re-assigned to Judge Mary
F. Walrath in line with the retirement of former Bankruptcy Judge
Judith Fitzgerald.


FUNDAMENTAL LONG TERM: Trustee Says Firm Can't Escape Bankr. Suit
-----------------------------------------------------------------
Law360 reported that a health care asset holding company's
bankruptcy trustee urged a Florida federal judge to toss Troutman
Sanders LLP's appeal of a bankruptcy court order extending the
statute of limitations period to bring claims against it, saying
the firm lacks standing to appeal an order that didn't aggrieve
it.

According to the report, in her motion, trustee Beth Ann Scharrer
argued that the statute of limitations extension only poses a
threat to Troutman Sanders LLP's interest in avoiding liability,
which isn't enough to grant it standing.

The case is Troutman Sanders LLP v. Scharrer, case number
8:14-cv-02223, in the U.S. District Court for the Middle District
of Florida.


FUSION TELECOMMUNICATIONS: Reports $4.3 Million Net Loss in 2014
----------------------------------------------------------------
Fusion Telecommunications International, Inc., filed with the
Securities and Exchange Commission its annual report on Form 10-K
disclosing a net loss applicable to common shareholders of $4.31
million on $92.05 million of revenues for the year ended Dec. 31,
2014, compared to a net loss applicable to common shareholders of
$5.48 million on $61.49 million of revenues for the year ended Dec.
31, 2013.  The Company previously reported a net loss applicable to
common stockholders of $5.61 million in 2012.

As of Dec. 31, 2014, the Company had $73.74 million in total
assets, $60.45 million in total liabilities and $13.28 million in
total stockholders' equity.

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

                        http://is.gd/fN6OWY

                  About Fusion Telecommunications

New York City-based Fusion Telecommunications International, Inc.,
(OTC BB: FSNN) is a provider of Internet Protocol ("IP") based
digital voice and data communications services to corporations and
carriers worldwide.


GETTY PETROLEUM: Reaches $170-Mil. Claim Deal with REIT
-------------------------------------------------------
Law360 reported that the liquidator for Getty Petroleum Marketing
Inc. asked a New York bankruptcy judge to sign off on a deal over
$266 million in claims asserted by units of real estate investment
trust and creditor Getty Realty Corp. that gives the REIT a claim
of $170 million with a $550,000 cash distribution.

                      About Getty Petroleum

A remnant of J. Paul Getty's oil empire, Getty Petroleum Marketing
markets gasoline, hydraulic fluids, and lubricating oils through a
network of gas stations.  Getty Petroleum had more than 800 gas
stations in the Mid-Atlantic states.  After scaling back the
company's operations to cut debt, in 2011 LUKOIL sold Getty
Petroleum Marketing to investment firm Cambridge Petroleum Holding
for an undisclosed price.

Getty Petroleum and three affiliates filed for Chapter 11
bankruptcy (Bankr. S.D.N.Y. Case Nos. 11-15606 to 11-15609) on
Dec.
5, 2011.  Judge Shelley C. Chapman presides over the case.  Getty
Petroleum disclosed $46.6 million in assets and $316.8 million in
liabilities as of the Petition Date.

Loring I. Fenton, Esq., John H. Bae, Esq., Kaitlin R. Walsh, Esq.,
and Michael J. Schrader, Esq., at Greenberg Traurig, LLP, in New
York, N.Y., serve as the Debtors' counsel.  Ross, Rosenthal &
Company, LLP, serves as accountants for the Debtors.  The Official
Committee of Unsecured Creditors is represented by Wilmer Cutler
Pickering Hale and Dorr LLP.  Alvarez & Marsal North America, LLC,
serves as the Committee's financial advisors.

The TCR on Aug. 30, 2012, reported that Getty Petroleum's
creditors' committee revised the liquidating Chapter 11 plan twice
and won approval from the bankruptcy judge in an Aug. 24, 2012
confirmation order.  Confirming the plan required the use of the
cramdown procedure because only 40% of $240 million in unsecured
claims voted in favor.


GOURMET EXPRESS: Seeks Approval of $650,000 Loan
------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Gourmet Express LLC, a maker of frozen skillet
meals for retailers including Wal-Mart Stores Inc., asked for
approval of a $650,000 loan because its cash is insufficient to
fund operations in bankruptcy.

According to the report, to sustain the business in the meantime,
the court approved interim use of so-called cash collateral
securing the Debtor's prepetition indebtedness from Genesis
Merchant Partners LP, owed about $15.7 million, and Frozen Foods
LLC, owed $300,000.  

Gourmet Express Acquisition Fund, LLC, and its three affiliates
sought Chapter 11 bankruptcy protection on March 16, 2015, (Bankr.
D. Md., Case No. 15-13670).  The case is assigned to Judge Nancy V.
Alquist.

The Debtors' counsel is Dennis J. Shaffer, Esq., at Whiteford,
Taylor, & Preston, LLP, in Baltimore, Maryland.  Traxi, LLC, serves
as the Debtors' financial advisor.


GREAT PLAINS: April 9 Hearing on Sixth Amended Plan
---------------------------------------------------
U.S. Bankruptcy Judge Thomas P. Agresti will convene a hearing on
April 9, 2015, at 3:00 p.m., to further consider approval of the
Sixth Amended Plan of Reorganization for Great Plains Exploration,
LLC.

At the March 12 status conference, the Court said that the overall
prospects for the Sixth Amended Plan are not promising, however,
prior to finally deciding the matters, the Court will give the
Debtor an opportunity to further explain the Plan and for parties
to further articulate their positions at a hearing.

The Court further advised the Debtors, and reiterated for the sake
of absolute clarity, that for the Sixth Amended Plan to have any
chance of a favorable reception, the proposed financing would have
to be locked in place by the time of the hearing such that the only
remaining condition would be approval of the Court.

No further written responses or objections were required to be
filed prior to the April 9 hearing because the Court has heard
counsels' oral objections to the Sixth Amended Plan and the motions
raised at the March 12 status conference.

On Feb. 27, 2015, the Debtors filed similar Sixth Amended Plan.
Much like the Debtors' five prior plans, upon an initial review by
the Court the Sixth Amended Plan appears speculative at best and is
once again based on the Debtors obtaining financing from an unknown
source without the terms fully disclosed.

The Debtors, in their motion to approve the Sixth Amended Plan,
stated that while cooperating with the trustee in the operation of
the businesses of the Debtors, Richard Osborne has secured
conditional approval for a loan in the amount of $4 million from
Private Capital Group.

As a result of the conditional approval of the loan, the Debtors
have secured the requisite capital to fund the Sixth Amended Plan.

The Sixth Amended Plan proposes to use the loan proceeds: (1) to
satisfy claim of RBS Citizens, N.A. by paying $3 million to RBS in
exchange for RBS assigning to Private Capital, without recourse,
the claims and liens held by RBS; (2) to pay the allowed claim
of 1st Source Bank; and (3) to fund the other payments required on
the Effective Date of the Sixth Amended Plan.

The Debtor said that the Fifth Amended Disclosure Statement should
be deemed to provide adequate information to voting creditors, as
required by Sections 1125 and 1127 of the Bankruptcy Code.  The
Debtor requested that the Court grant the Debtor permission to
immediately commence balloting for the Sixth Amended Plan.

                    About John D. Oil & Gas;
              OZ Gas; and Great Plains Exploration

Mentor, Ohio-based John D. Oil & Gas Co., is in the business of
acquiring, exploring, developing, and producing oil and natural
gas in Northeast Ohio.  The Company has 58 producing wells.  The
Company also has one self storage facility located in Painesville,
Ohio.  The self-storage facility is operated through a partnership
agreement between Liberty Self-Stor Ltd. and the Company.

John D. Oil's affiliated entities -- Oz Gas, LTD., and Great
Plains Exploration, LLC -- filed voluntary Chapter 11 petitions
(Bankr. W.D. Pa. Case Nos. 12-10057 and 12-10058) on Jan. 11,
2012.  Two days later, John D. Oil filed its own Chapter 11
petition (Bankr. W.D. Pa. Case No. 12-10063).

On Nov. 21, 2011, at the request of the lender RBS Citizens, N.A.,
dba Charter One, a receiver was appointed for all three corporate
Debtors, in the United States District Court for the Northern
District of Ohio at case No. 11-cv-2089-CAB.  District Judge
Christopher A. Boyko issued an order appointing Mark E. Dottore as
receiver.  The Receivership Order was appealed to the Sixth
Circuit Court of Appeals on Dec. 19, 2011, and the appeal is
currently pending.

Judge Thomas P. Agresti oversees the Chapter 11 cases.  Robert S.
Bernstein, Esq., at Bernstein Law Firm P.C., serves as counsel to
the Debtors.  Each of Great Plains and Oz Gas estimated $10
million to $50 million in assets and debts.  John D. Oil's balance
sheet at Dec. 31, 2011, showed $6.98 million in total assets,
$13.26 million in total liabilities, and a stockholders' deficit
of $6.28 million.  The petitions were signed by Richard M.
Osborne, CEO.

The United States Trustee said a committee under 11 U.S.C. Sec.
1102 has not been appointed because no unsecured creditor
responded to the U.S. Trustee's communication for service on the
committee.



GREAT PLAINS: Trustee Taps Cincinnati Industrial as Auctioneer
--------------------------------------------------------------
Guy C. Fustine, the Chapter 11 trustee for Great Plains
Exploration, LLC, asks the Bankruptcy Court for authorization to
(i) sell the Debtor's assets; and (ii) employ Cincinnati Industrial
Auctioneers, Inc., as auctioneer for the Debtor's assets.

The auctioneer will sell at public auction the Debtor's personal
property located in Tidioute, Pennsylvania; Mentor, Ohio; and
Winifred, Montana.  Personal property includes equipment and
vehicles owned by the Debtor.  The Trustee has determined that
certain pieces of equipment and certain vehicles are no longer
necessary for the operation of the business on a going-forward
basis.

The assets are divided into three groups based upon their current
location: one group of assets is located in Tidioute, Pennsylvania;
one group of assets is located in Mentor, Ohio; and, one group of
assets is located in Winifred, Montana.  The Assets are owned by
the Debtor or by the Debtor's affiliate, Oz Gas, Ltd.

The auction contract includes, among other things:

   -- a price guaranty in the amount of $1,550,000;

   -- a 10% percent buyer's premium to compensate the auctioneer
for its services; and

   -- the buyer's premium for webcast auction buyers is 13%.

The auctioneer can be reached at:

         CINCINNATI INDUSTRIAL AUCTIONEERS, INC.
         2020 Dunlap Street
         Cincinnati, OH 45214
         E-mail: info@cia-auction.com
         Web site: http://www.cia-auction.com

                    About John D. Oil & Gas;
              OZ Gas; and Great Plains Exploration

Mentor, Ohio-based John D. Oil & Gas Co., is in the business of
acquiring, exploring, developing, and producing oil and natural
gas in Northeast Ohio.  The Company has 58 producing wells.  The
Company also has one self storage facility located in Painesville,
Ohio.  The self-storage facility is operated through a partnership
agreement between Liberty Self-Stor Ltd. and the Company.

John D. Oil's affiliated entities -- Oz Gas, LTD., and Great
Plains Exploration, LLC -- filed voluntary Chapter 11 petitions
(Bankr. W.D. Pa. Case Nos. 12-10057 and 12-10058) on Jan. 11,
2012.  Two days later, John D. Oil filed its own Chapter 11
petition (Bankr. W.D. Pa. Case No. 12-10063).

On Nov. 21, 2011, at the request of the lender RBS Citizens, N.A.,
dba Charter One, a receiver was appointed for all three corporate
Debtors, in the United States District Court for the Northern
District of Ohio at case No. 11-cv-2089-CAB.  District Judge
Christopher A. Boyko issued an order appointing Mark E. Dottore as
receiver.  The Receivership Order was appealed to the Sixth
Circuit Court of Appeals on Dec. 19, 2011, and the appeal is
currently pending.

Judge Thomas P. Agresti oversees the Chapter 11 cases.  Robert S.
Bernstein, Esq., at Bernstein Law Firm P.C., serves as counsel to
the Debtors.  Each of Great Plains and Oz Gas estimated $10
million to $50 million in assets and debts.  John D. Oil's balance
sheet at Dec. 31, 2011, showed $6.98 million in total assets,
$13.26 million in total liabilities, and a stockholders' deficit
of $6.28 million.  The petitions were signed by Richard M.
Osborne, CEO.

The United States Trustee said a committee under 11 U.S.C. Sec.
1102 has not been appointed because no unsecured creditor
responded to the U.S. Trustee's communication for service on the
committee.



GRIDWAY ENERGY: Looks to Chap. 7 as Funds Dry Up
------------------------------------------------
Law360 reported that Glacial Energy Holdings Inc. asked a Delaware
bankruptcy judge to place what little remains of its Chapter 11
case into Chapter 7 proceedings, saying it could no longer pay the
U.S. trustee or other professionals involved in the winding down of
its operations.

According to the report, though Glacial Energy asked in October for
more time to file a Chapter 11 plan, the U.S. Trustee's Office
argued that the company had failed to provide the financial updates
necessary to prove it could produce a viable plan.

                       About Gridway Energy

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

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

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

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

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

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

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

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


GUIDED THERAPEUTICS: Reports $3.2 Million Net Loss in 4th Quarter
-----------------------------------------------------------------
Guided Therapeutics, Inc., reported a net loss attributable to
common stockholders of $3.22 million on $13,000 of contract and
grant revenue for the three months ended Dec. 31, 2014, compared to
a net loss attributable to common stockholders of $4.21 million on
$346,000 of contract and grant revenue for the same period in
2013.

For the year ended Dec. 31, 2014, the Company reported a net loss
attributable to common stockholders of $10.03 million on $65,000 of
contract and grant revenue compared to a net loss attributable to
common stockholders of $10.39 million on $820,000 of contract and
grant revenue in 2013.

As of Dec. 31, 2014, the Company had $3.03 million in total assets,
$7.49 million in total liabilities, and a $4.46 million total
stockholders' deficit.

Cash on hand at Dec. 31, 2014, was approximately $162,000, as
compared to approximately $613,000 at Dec. 31, 2013.

"We have laid significant groundwork over the past year, working
with our distributors to educate ministries of health and thought
leaders throughout the world on the benefits of LuViva," said Gene
Cartwright, chief executive officer of Guided Therapeutics.  "As a
result, we are finally starting to gain some traction in our
initial target markets, including Canada, where a new pilot program
is set to begin in one of the provinces.  Another market scheduled
to ramp in 2015 is Turkey, where the Ministry of Health plans to
begin their screening program in the second quarter. Other early
adopters include Guatemala, Bangladesh, Mexico, and Nigeria, as
well as Kenya.  In Kenya we are waiting for a tender from the
government and could see that country becoming one of our largest
markets in 2015. While many of these government opportunities have
taken longer than originally anticipated, we do not believe any
business has been lost, only pushed out."

"In addition to gaining traction with distributors, we anticipate
signing new distributorships and shipping product to new markets in
2015, including Russia, China, India and additional countries in
Latin America and Asia.  As a result, we project our 2015 sales to
be at least $3.0 million, which is based on the low end of
forecasts from our distributors.  While we expect sales will be
more heavily weighted toward the second half of the year, this
represents a solid increase from the 41 units and 15,540
high-margin, disposable Cervical Guides shipped in 2014."

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

                        http://is.gd/1nLCtL

                      About Guided Therapeutics

Guided Therapeutics, Inc. (OTC BB and OTC QB: GTHP)
-- http://www.guidedinc.com/-- is developing a rapid and painless
test for the early detection of disease that leads to cervical
cancer.  The technology is designed to provide an objective result
at the point of care, thereby improving the management of cervical
disease.  Unlike Pap and HPV tests, the device does not require a
painful tissue sample and results are known immediately.  GT has
also entered into a partnership with Konica Minolta Opto to
develop a non-invasive test for Barrett's Esophagus using the
LightTouch technology platform.

                        Bankruptcy Warning

"The Company's capital-raising efforts are ongoing.  If sufficient
capital cannot be raised during the second quarter of 2015, the
Company has plans to curtail operations by reducing discretionary
spending and staffing levels, and attempting to operate by only
pursuing activities for which it has external financial support and
additional NCI, NHI or other grant funding.  However, there can be
no assurance that such external financial support will be
sufficient to maintain even limited operations or that the Company
will be able to raise additional funds on acceptable terms, or at
all.  In such a case, the Company might be required to enter into
unfavorable agreements or, if that is not possible, be unable to
continue operations, and to the extent practicable, liquidate
and/or file for bankruptcy protection," the Company said in its
annual report for the year ended Dec. 31, 2014.  NCI stands for
National Cancer Institute.


HCAC WEST: Case Summary & 10 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: HCAC West, LLC
        120 E. De la Guerra Street
        Santa Barbara, CA 93101

Case No.: 15-10644

Chapter 11 Petition Date: March 31, 2015

Court: United States Bankruptcy Court
       Central District of California (Santa Barbara)

Judge: Hon. Deborah J. Saltzman

Debtor's Counsel: Joseph M Sholder, Esq.
                  GRIFFITH & THORNBURGH LLP
                  8 E Figuerora St Ste 300
                  Santa Barbara, CA 93101
                  Tel: 805-965-5131
                  Fax: 805-965-6751
                  Email: sholder@g-tlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert D. Hughes, managing member.

A list of the Debtor's 10 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb15-10644.pdf


HCSB FINANCIAL: Incurs $1.4 Million Net Loss in 2014
----------------------------------------------------
HCSB Financial Corporation filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
available to common shareholders of $1.4 million on $16.09 million
of total interest income for the year ended Dec. 31, 2014, compared
to net income available to common shareholders of $911,000 on
$17.07 million of total interest income for the year ended Dec. 31,
2013.

As of Dec. 31, 2014, the Company had $422 million in total assets,
$433 million in total liabilities, and a $11.2 million total
shareholders' deficit.

Elliott Davis Decosimo, LLC, in Columbia, South Carolina, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has suffered recurring losses that have eroded regulatory
capital ratios and the Company's wholly owned subsidiary, Horry
County State Bank, is under a regulatory Consent Order with the
Federal Deposit Insurance Corporation that requires, among other
provisions, capital ratios to be maintained at certain levels.  As
of Dec. 31, 2014, the Company's subsidiary is considered
significantly undercapitalized based on its regulatory capital
levels.  These considerations raise substantial doubt about the
Company's ability to continue as a going concern.  The Company also
has deferred interest payments on its junior subordinated
debentures for 16 consecutive quarters as of Dec. 31, 2014.  Under
the terms of the debentures, the Company may defer payments for up
to 20 consecutive quarters without creating a default.  Payment for
the 20th quarter interest deferral period will be due in March
2016.  If the Company fails to pay the deferred and compounded
interest at the end of the deferral period, the trustees of the
corresponding trusts, would have the right, after any applicable
grace period, to exercise various remedies, including demanding
immediate payment in full of the entire outstanding principal
amount of the debentures.  The balance of the debentures and
accrued interest as of December 31, 2014 were $6.19 million and
$714,000, respectively.  These events also raise substantial doubt
about the Company's ability to continue as a going concern as of
Dec. 31, 2014.

                         Bankruptcy Warning

"The Company has been deferring interest payments on its trust
preferred securities since March 2011 and has deferred interest
payments for 16 consecutive quarters.  The Company is allowed to
defer payments for up to 20 consecutive quarterly periods, although
interest will also accrue and compound quarterly from the date such
deferred interest would have been payable were it not for the
extension period.  All of the deferred interest, including interest
accrued on such deferred interest, is due and payable at the end of
the applicable deferral period, which is in March 2016. At December
31, 2014, total accrued interest equaled $714 thousand.  The
Company will not be able to pay this interest when it becomes due
if we are not able to raise a sufficient amount of additional
capital for the Bank to be in compliance with the Consent Order and
for the Company to make the payments due under the subordinated
notes, which are senior to the trust preferred securities.  Even if
the Company succeeds in raising this capital, it will have to be
released from the Written Agreement or obtain approval from the
Federal Reserve Bank of Richmond to pay this interest on the trust
preferred securities.  If this interest is not paid by March 2016,
the Company will be in default under the terms of the indenture
related to the trust preferred securities. If the Company fails to
pay the deferred and compounded interest at the end of the deferral
period, the trustee or the holders of 25% of the aggregate trust
preferred securities outstanding, by providing written notice to
the Company, may declare the entire principal and unpaid interest
amounts of the trust preferred securities immediately due and
payable.  The aggregate principal amount of these trust preferred
securities is $6.0 million.  The trust preferred securities are
junior to the subordinated notes, so even if a default is declared,
the trust preferred securities cannot be repaid prior to repayment
of the subordinated notes. However, if the trustee or the holders
of the trust preferred securities declare a default under the trust
preferred securities, the Company could be forced into involuntary
bankruptcy," the Company said in the report.

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

                        http://is.gd/aiav8C

                        About HCSB Financial

Loris, South Carolina-based HCSB Financial Corporation was
incorporated on June 10, 1999, to become a holding company for
Horry County State Bank.  The Bank is a state chartered bank which
commenced operations on Jan. 4, 1988.  From its 13 branch
locations, the Bank offers a full range of deposit services,
including checking accounts, savings accounts, certificates of
deposit, money market accounts, and IRAs, as well as a broad range
of non-deposit investment services.  During the third quarter of
2011, the Bank closed its Covenant Towers branch located at Myrtle
Beach.  All deposits were transferred to the Bank's Myrtle Beach
branch and the Bank does not expect any disruption of service in
that market for its customers.


HEALTHWAREHOUSE.COM INC: Posts $2.1 Million Net Loss in 2014
------------------------------------------------------------
Healthwarehouse.com, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
attributable to common stockholders of $2.08 million on $6.12
million of net sales for the year ended Dec. 31, 2014, compared
with a net loss attributable to common stockholders of $7.3 million
on $10.23 million of net sales in 2013.

As of Dec. 31, 2014, the Company had $1.66 million in total assets,
$5.28 million in total liabilities, and a $3.62 million total
stockholders' deficiency.

Marcum LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2014, citing that the Company has incurred significant losses and
needs to raise additional funds to meet its obligations and sustain
its operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

                        Bankruptcy Warning

"The Company recognizes it will need to raise additional capital in
order to fund operations, meet its payment obligations and execute
its business plan.  There is no assurance that additional financing
will be available when needed or that management will be able to
obtain financing on terms acceptable to the Company and whether the
Company will become profitable and generate positive operating cash
flow.  If the Company is unable to raise sufficient additional
funds, it will have to develop and implement a plan to further
extend payables, attempt to extend note repayments, attempt to
negotiate the preferred stock redemption and reduce overhead until
sufficient additional capital is raised to support further
operations.  There can be no assurance that such a plan will be
successful.  If the Company is unable to obtain financing on a
timely basis, the Company could be forced to sell its assets,
discontinue its operation and /or seek reorganization under the
U.S. bankruptcy code," the Company said in the report.

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

                        http://is.gd/A4U5i6

                     About HealthWarehouse.com

HealthWarehouse.com, Inc., headquartered in Florence, Kentucky,
is a U.S. licensed virtual retail pharmacy ("VRP") and healthcare
e-commerce company that sells brand name and generic prescription
drugs as well as over-the-counter ("OTC") medical products.


HERCULES OFFSHORE: Fails to Comply with NASDAQ Bid Price Rule
-------------------------------------------------------------
Hercules Offshore, Inc. received a letter from The NASDAQ Stock
Market notifying the Company that, for 30 consecutive business
days, the bid price for the Company's common stock was below the
minimum $1.00 per share requirement for continued listing on The
Nasdaq Global Select Market under Nasdaq Listing Rule 5450(a)(1).
The notice does not have an immediate effect on the listing of the
Company's common stock, and the Company's common stock will
continue to trade on The Nasdaq Global Select Market under the
symbol "HERO."

The Company has 180 days, or until Sept. 21, 2015, to regain
compliance with the minimum bid price requirement.  To regain
compliance, the minimum bid price of the Company's common stock
must meet or exceed $1.00 per share for a minimum of ten
consecutive business days during the 180-day grace period as
determined by Nasdaq staff.  In the event the Company receives
notice that its common stock is being delisted, Nasdaq rules permit
the Company to appeal any delisting determination by the Nasdaq
staff to a hearings panel.

The Company actively monitors the price of its common stock and
will consider all available options to regain compliance with the
continued listing standards.

                       About Hercules Offshore

Hercules Offshore Inc. (NASDAQ: HERO) --
http://www.herculesoffshore.com/-- provides shallow-water        
drilling and marine services to the oil and natural gas
exploration and production industry in the United States, Gulf of
Mexico and internationally.  The Company provides these services
to integrated energy companies, independent oil and natural gas
operators and national oil companies.  The Company operates in six
business segments: Domestic Offshore, International Offshore,
Inland, Domestic Liftboats, International Liftboats and Delta
Towing.

Hercules Offshore reported a net loss of $216 million in 2014,
compared to a net loss of $68.1 million in 2013.  As of Dec. 31,
2014, the Company had $2 billion in total assets, $1.38 billion in
total liabilities and $615 million in equity.

                           *     *     *

The TCR report in March 2015 that Moody's Investors Service
downgraded Hercules Offshore, Inc.'s Corporate Family Rating to
Caa2 from B2.  The Caa2 Corporate Family Rating (CFR) reflects the
company's contract roll-off and sparse contract coverage through
the June 2016, its aging fleet, and the projection for a
deterioration of its liquidity position.

As reported by the TCR on March 2, 2015, Standard & Poor's Ratings
Services lowered its corporate credit rating on Houston-based
Hercules Offshore Inc. to 'CCC+' from 'B-'.

"The downgrade reflects our expectation of deteriorating liquidity
over the next year, as well as the company's escalating debt
leverage," said Standard & Poor's credit analyst Stephen Scovotti.


HEXION INC: S&P Assigns 'CCC+' Rating to $315MM Sr. Secured Notes
-----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'CCC+' issue rating
and '3' recovery rating to Columbus, Ohio-based global manufacturer
and marketer of thermoset resins, Hexion Inc.'s $315 million senior
secured notes due 2020.  Hexion will use note proceeds to redeem
outstanding debentures and for general corporate purposes.  All
existing ratings on Hexion, including the 'CCC+' corporate credit
rating, are unchanged.  The outlook is negative.  The '3' recovery
indicates meaningful (the lower end of the 50% to 70% range)
recovery in a default scenario.

The ratings on Hexion reflect S&P's assessments of the company's
"weak" business profile and "highly leveraged" financial risk
profile.

RATING LIST

Hexion Inc.
Corporate credit rating              CCC+/Negative/--

New Ratings
Hexion Inc.
$315 mil senior secured notes      CCC+
  Recovery Rating                   3L   



HORIZON VILLAGE: Nigro HQ Plan Confirmation Hearing April 27
------------------------------------------------------------
Nigro HQ LLC, a debtor-affiliate of Horizon Village Square LLC, on
Dec. 24, 2014, filed its Amended Plan of Reorganization.  The
confirmation hearing on the Plan is scheduled for April 27, 2015,
at 9:30 a.m.  Wells Fargo objects to the Plan.  Pursuant to a
stipulation, the Debtor and Wells Fargo agree that all discovery
will be completed by April 6, 2015, and the Bankruptcy Court will
conduct a pre-trial conference on April 22 at 9:30 a.m.

                      About Horizon Village

Four related Las Vegas, Nevada-based entities sought Chapter 11
bankruptcy protection on July 13, 2011.  The businesses are owned
or managed by local business people and firms, including Todd
Nigro, Nigro Development LLC, a Nigro family trust and other
investors.

Horizon Village Square LLC (Bankr. D. Nev. Case No. 11-21034) owns
the Vons-anchored Horizon Village Square Shopping Center near
I-515 and Horizon Drive in Henderson.  The property includes five
retail buildings with nearly 43,000 square feet of space.

Ten Saints LLC (Bankr. D. Nev. Case No. 11-21028) owns the 134-
room Hampton Inn & Suites at St. Rose Parkway and Seven Hills
Drive in Henderson.  The Hon. Mike K. Nakagawa of the U.S.
Bankruptcy Court for the District of Nevada on Nov. 18, 2011,
entered a final decree closing the Chapter 11 case of Ten Saints
LLC.

Beltway One Development Group LLC (Bankr. D. Nev. Case No. 11-
21026) owns the Desert Canyon Business Park at Russell Road and
the Las Vegas Beltway. It has two buildings and 15 acres.

Nigro HQ LLC (Bankr. D. Nev. Case No. 11-21014) owns an office
building at 9115 W. Russell Road occupied by Bank of George,
Infinity Plus LLC and Nigro Construction Inc.

Todd Nigro said the four bankruptcies were caused by threatened
foreclosures -- typically related to Wells Fargo Bank demanding
payments to keep loan-to-value ratios at specified levels.

Judge Mike K. Nakagawa presides over the cases.  Lawyers at Gordon
Silver serve as the Debtors' bankruptcy counsel.  The bankruptcy
petitions estimated assets and debts from $1 million to
$10 million each for Nigro HQ; and from $10 million to $50 million
in both assets and debts for Horizon Village, Ten Saints and
Beltway One.  The cases are not jointly administered.

A fifth related business, Russell Boulder LLC, filed for
bankruptcy (Bankr. D. Nev. Case No. 10-29724) on Oct. 19, 2010.
It owns the 600-suite Siena Suites extended stay property at
Boulder Highway and Russell Road.

Edward M. Zachary, Esq., at Bryan Cave LLP, in Bryan Cave LLP, in
Phoenix, Ariz., and Robert M. Charles, Jr., Esq., at Lewis and
Roca LLP, in Los Vegas, Nev., represent Wells Fargo Bank, N.A., as
counsel.

Horizon Village Square and Wells Fargo have submitted competing
Chapter 11 plans.  The Debtor's Amended Plan of Reorganization is
slated for confirmation at a hearing on April 28.


HORIZON VILLAGE: To Seek Confirmation of Amended Plan April 28
--------------------------------------------------------------
Horizon Village Square LLC is slated to present its Amended Plan of
Reorganization for confirmation at a hearing on April 28, 2015 at
9:30 a.m. (Pacific Time).  Objections to confirmation are due April
14.

Following a hearing on Feb. 4, the Hon. Mike K. Nakagawa entered an
order approving the disclosure statement explaining the Debtor's
Amended Plan.  Ballots are due April 14.  Solicitation packages
will be sent to holders of claims in Class 1 (Secured Lender Claim)
and Class 2 (Deficiency Claim).  The Debtor won't solicit votes
from holders of claims in Class 5 (General Unsecured Claims) as
they have already voted to accept the Initial Plan.  A copy of the
order is available at:

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

The Debtor won approval of a stipulation it signed with Wells Fargo
Bank, N.A., regarding a discovery schedule in connection with the
Amended Plan.  The parties agreed that discovery will be completed
by April 6, 2015, and a pre-trial conference will be conducted by
the Bankruptcy Court on April 24, 2015, at 10:00 a.m.

According to Judge Nakagawa's Feb. 6 order, the hearing date set
for confirmation of the Amended Plan will also be the hearing date
for a renewed motion for relief from stay, motion to dismiss,
motion to approve disclosure statement, or related motion, if any,
filed by Wells Fargo Bank, unless otherwise ordered by the court.

                           Amended Plan

The Debtor on Feb. 13, 2015, filed a disclosure statement
explaining its Amended Plan of Reorganization.

The Amended Plan modifies the Debtor's initial Plan of
Reorganization.  The Bankruptcy Court considered confirmation of
the Initial Plan in its Memorandum Decision on Final Approval of
Disclosure Statement and Confirmation for Chapter 11 Plan entered
on Nov. 13, 2014, wherein the Bankruptcy Court determined that:

     (i) the value of Debtor's Real Property is $10,845,000, which
is less than secured lender Wells Fargo Bank's full claim;

    (ii) the appropriate interest rate under Section
1129(b)(2)(A)(i) of the Bankruptcy Code for the secured portion of
Secured Lender's claim is 4.25% per annum;

   (iii) the appropriate interest rate under Section
1129(b)(2)(B)(i) of the Bankruptcy Code for the unsecured portion
of Secured Lender's Claim is not less than 5.00%; and

    (iv) the Initial Plan's failure to provide the foregoing
interest rates and to separately classify the Secured Lender's
Deficiency Claim did not satisfy the requirements of Sections 1122
and 1129(b) of the Bankruptcy Code.

On that basis, the Court denied confirmation of the Initial Plan.

The Amended Plan modifies the Initial Plan to correct these
deficiencies by:

     (i) providing that the Secured Lender Claim is $10,845,000,
which is the value determined by the Bankruptcy Court;

    (ii) providing interest on the Secured Lender Claim at the rate
of 4.25% per annum;

   (iii) increasing the interest rate on the General Unsecured
Claims and the Deficiency Claim to 5.5% per annum; and

    (iv) separately classifying the Deficiency Claim as such claim
has an alternate source of recovery through the Guarantees.

Thus, the Plan only modifies the treatment of Secured Lender's
claims.  The Plan's treatment of the remaining classified claims,
being the Class 3 Other Secured Claims, the Class 4 Priority
Unsecured Claims, the Class 5 General Unsecured Claims, and the
Class 6 Equity Securities is identical to or better than the
treatment under the Initial Plan and therefore, such Classes will
not be resolicited to vote on the Plan.

                  Disclosure Statement Objections

Wells Fargo submitted an objection to the Amended Disclosure
Statement.  The Debtor responded that Wells Fargo's arguments --
(1) the absence of the Debtor's projections render the Disclosure
Statement inadequate for assessment of the Amended Plan's
feasibility; and (2) the Debtor's own conduct precludes the
approval of the Disclosure Statement -- fails.  

A copy of the Wells Fargo's objection to the Disclosure Statement
is available for free at:

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

A copy of the Debtor's response to the objection is available for
free at:

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

A copy of the Amended Disclosure Statement dated Feb. 13, 2015, is
available for free at:

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

A copy of a supplement filed by the Debtor on Jan. 21, 2015, is
available for free at:

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

Attorneys for Wells Fargo can be reached at:

         BRYAN CAVE LLP
         Robert J. Miller, Esq.
         Bryce Suzuki, Esq.
         Justin A. Sabin, Esq.
         Two North Central Avenue, Suite 2200
         Phoenix, AZ 85004

                - and -

         LYNCH LAW PRACTICE, PLLC
         Michael Lynch, Esq.
         8275 S. Eastern Avenue, Suite 200
         Las Vegas, NV 89123

                      About Horizon Village

Four related Las Vegas, Nevada-based entities sought Chapter 11
bankruptcy protection on July 13, 2011.  The businesses are owned
or managed by local business people and firms, including Todd
Nigro, Nigro Development LLC, a Nigro family trust and other
investors.

Horizon Village Square LLC (Bankr. D. Nev. Case No. 11-21034) owns
the Vons-anchored Horizon Village Square Shopping Center near
I-515 and Horizon Drive in Henderson.  The property includes five
retail buildings with nearly 43,000 square feet of space.

Ten Saints LLC (Bankr. D. Nev. Case No. 11-21028) owns the 134-
room Hampton Inn & Suites at St. Rose Parkway and Seven Hills
Drive in Henderson.  The Hon. Mike K. Nakagawa of the U.S.
Bankruptcy Court for the District of Nevada on Nov. 18, 2011,
entered a final decree closing the Chapter 11 case of Ten Saints
LLC.

Beltway One Development Group LLC (Bankr. D. Nev. Case No. 11-
21026) owns the Desert Canyon Business Park at Russell Road and
the Las Vegas Beltway. It has two buildings and 15 acres.

Nigro HQ LLC (Bankr. D. Nev. Case No. 11-21014) owns an office
building at 9115 W. Russell Road occupied by Bank of George,
Infinity Plus LLC and Nigro Construction Inc.

Todd Nigro said the four bankruptcies were caused by threatened
foreclosures -- typically related to Wells Fargo Bank demanding
payments to keep loan-to-value ratios at specified levels.

Judge Mike K. Nakagawa presides over the cases.  Lawyers at Gordon
Silver serve as the Debtors' bankruptcy counsel.  The bankruptcy
petitions estimated assets and debts from $1 million to
$10 million each for Nigro HQ; and from $10 million to $50 million
in both assets and debts for Horizon Village, Ten Saints and
Beltway One.  The cases are not jointly administered.

A fifth related business, Russell Boulder LLC, filed for
bankruptcy (Bankr. D. Nev. Case No. 10-29724) on Oct. 19, 2010.
It owns the 600-suite Siena Suites extended stay property at
Boulder Highway and Russell Road.

Edward M. Zachary, Esq., at Bryan Cave LLP, in Bryan Cave LLP, in
Phoenix, Ariz., and Robert M. Charles, Jr., Esq., at Lewis and
Roca LLP, in Los Vegas, Nev., represent Wells Fargo Bank, N.A., as
counsel.

Horizon Village Square and Wells Fargo have submitted competing
Chapter 11 plans.  The Debtor's Amended Plan of Reorganization is
slated for confirmation at a hearing on April 28.


HORIZON VILLAGE: Wells Fargo Asks for Valuation of Claim
--------------------------------------------------------
Wells Fargo Bank, N.A., as successor by merger to Wachovia Bank,
N.A., is asking the U.S. Bankruptcy Court for the District of
Nevada to enter an order determining the value of Wells Fargo's
secured claim against the bankruptcy estate of Horizon Village
Square LLC.

The Debtor has filed an amended plan of reorganization that
contemplates the bifurcation of Wells Fargo's claim into one
secured class and one unsecured "deficiency" class.  This
bifurcation is apparently based on the Debtor's belief that Wells
Fargo's lien rights do not extend to the estate's cash on hand. The
Debtor's apparent belief in this regard is completely erroneous;
the estate's cash on hand constitutes cash collateral and is part
of Wells Fargo's collateral package in this case.  Wells Fargo is
the Debtor's only secured creditor, the only active creditor in
this case, and holds the only claim (or claims) entitled to vote on
the Amended Plan.

Robert J. Miller, Esq., at Bryan Cave LLP, avers that establishing
the value and extent of Wells Fargo's secured claim is necessary to
determine how Wells Fargo is entitled to vote on the Amended Plan,
to determine Wells Fargo's rights and the Debtor's obligations
under Section 506(b) of the Bankruptcy Code, and to analyze
properly a number of plan confirmation issues, including
feasibility.

The hearing on the Valuation Motion is slated for April 8, 2015, at
9:30 a.m.

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

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

Wells Fargo's counsel can be reached at:

         Robert J. Miller, Esq.
         Bryce Suzuki, Esq.
         BRYAN CAVE LLP
         Two North Central Avenue, Suite 2200
         Phoenix, AZ 85004-4406
         Tel: (602) 364-7000
         Fax: (602) 364-7070
         E-mail: rjmiller@bryancave.com
                 bryce.suzuki@bryancave.com
         
              - and -

         Michael F. Lynch, Esq.
         LYNCH LAW PRACTICE, PLLC
         8275 S. Eastern Avenue, Suite 200
         Las Vegas, NV 89123
         Tel: (702) 413-8282 (direct)
         Fax: (702) 543-3279
         E-mail: michael@lynchlawpractice.com

                      About Horizon Village

Four related Las Vegas, Nevada-based entities sought Chapter 11
bankruptcy protection on July 13, 2011.  The businesses are owned
or managed by local business people and firms, including Todd
Nigro, Nigro Development LLC, a Nigro family trust and other
investors.

Horizon Village Square LLC (Bankr. D. Nev. Case No. 11-21034) owns
the Vons-anchored Horizon Village Square Shopping Center near
I-515 and Horizon Drive in Henderson.  The property includes five
retail buildings with nearly 43,000 square feet of space.

Ten Saints LLC (Bankr. D. Nev. Case No. 11-21028) owns the 134-
room Hampton Inn & Suites at St. Rose Parkway and Seven Hills
Drive in Henderson.  The Hon. Mike K. Nakagawa of the U.S.
Bankruptcy Court for the District of Nevada on Nov. 18, 2011,
entered a final decree closing the Chapter 11 case of Ten Saints
LLC.

Beltway One Development Group LLC (Bankr. D. Nev. Case No. 11-
21026) owns the Desert Canyon Business Park at Russell Road and
the Las Vegas Beltway. It has two buildings and 15 acres.

Nigro HQ LLC (Bankr. D. Nev. Case No. 11-21014) owns an office
building at 9115 W. Russell Road occupied by Bank of George,
Infinity Plus LLC and Nigro Construction Inc.

Todd Nigro said the four bankruptcies were caused by threatened
foreclosures -- typically related to Wells Fargo Bank demanding
payments to keep loan-to-value ratios at specified levels.

Judge Mike K. Nakagawa presides over the cases.  Lawyers at Gordon
Silver serve as the Debtors' bankruptcy counsel.  The bankruptcy
petitions estimated assets and debts from $1 million to
$10 million each for Nigro HQ; and from $10 million to $50 million
in both assets and debts for Horizon Village, Ten Saints and
Beltway One.  The cases are not jointly administered.

A fifth related business, Russell Boulder LLC, filed for
bankruptcy (Bankr. D. Nev. Case No. 10-29724) on Oct. 19, 2010.
It owns the 600-suite Siena Suites extended stay property at
Boulder Highway and Russell Road.

Edward M. Zachary, Esq., at Bryan Cave LLP, in Bryan Cave LLP, in
Phoenix, Ariz., and Robert M. Charles, Jr., Esq., at Lewis and
Roca LLP, in Los Vegas, Nev., represent Wells Fargo Bank, N.A., as
counsel.

Horizon Village Square and Wells Fargo have submitted competing
Chapter 11 plans.  The Debtor's Amended Plan of Reorganization is
slated for confirmation at a hearing on April 28.


HUTCHESON MEDICAL: Has Until May 20 to File Chapter 11 Plan
-----------------------------------------------------------
U.S. Bankruptcy Judge Paul W. Bonapfel extended Hutcheson Medical
Center, Inc., et al.'s exclusive periods to file one or more
chapter 11 plan(s) until May 20, 2015, and solicit acceptances for
that plan(s) until July 20.

The order also resolves the objection of Chattanooga-Hamilton
County Hospital Authority doing business as Erlanger Health
System.

Erlanger said that the Debtor sought extensions of their exclusive
periods to file and solicit acceptance for the plan for over nine
months -- to Dec. 31, and Feb. 29, respectively.

Erlanger, in its objection, stated that the Debtors had failed to
show that the requested nine-month-plus extension is warranted in
the cases.  Erlanger also requested that if an extension is
granted, it must be short.

                  About Hutcheson Medical Center

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

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

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

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

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

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

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


INERGETICS INC: Needs More Time to File Form 10-K
-------------------------------------------------
Inergetics, Inc., filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its annual report on Form 10-K for the year ended Dec.
31, 2014, stating that the financial statements and managements
discussion are not completed.

                        About Inergetics Inc.

Paramus, N.J.-based Inergetics, Inc., formerly Millennium
Biotechnologies Group, Inc., is a holding company for its
subsidiary Millennium Biotechnologies, Inc.  Millennium is a
research based bio-nutraceutical corporation involved in the field
of nutritional science.  Millennium's principal source of revenue
is from sales of its nutraceutical supplements, Resurgex Select(R)
and Resurgex Essential(TM) and Resurgex Essential Plus(TM) which
serve as a nutritional support for immuno-compromised individuals
undergoing medical treatment for chronic debilitating diseases.
Millennium has developed Surgex for the sport nutritional market.
The Company's efforts going forward will focus on sales of Surgex
in powder, bar and ready to drink forms.

Inergetics reported a net loss applicable to common shareholders
of $5.74 million in 2013 following a net loss applicable to common
shareholders of $5.45 million in 2012.

As of Sept. 30, 2014, the Company had $2.16 million in total
assets, $15.8 million in total liabilities, $8.95 million in
preferred stock, and a $22.6 million total stockholders' deficit.


INT'L MANUFACTURING: Consolidation of RelyAid & DBS Air Sought
--------------------------------------------------------------
Beverly N. McFarland, the Chapter 11 Trustee for International
Manufacturing Group Inc., asks the U.S. Bankruptcy Court for the
Eastern District of California to consolidate the assets and
liabilities of RelyAid Global Healthcare Inc. and DBS Air LLC with
the Debtor's estate nunc pro tunc to the Debtor's bankruptcy filing
date of May 30, 2014.

A hearing is set for April 15, 2015, at 10:00 a.m., at Courtroom
34, 501 I Street, 6th Floor in Sacrament, California.

               About International Manufacturing

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

International Manufacturing sought Chapter 11 bankruptcy
protection
(Bankr. E.D. Cal. Case No. 14-25820) in Sacramento, on May 30,
2014.  The case is assigned to Judge Robert S. Bardwil.

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

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

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


INTELLIPHARMACEUTICS INT'L: Positive Results From Clinical Trials
-----------------------------------------------------------------
Intellipharmaceutics International Inc. provided an update on the
progress of the product development programs for both its Rexista
Oxycodone Abuse Deterrent oxycodone hydrochloride extended release
tablets and for its Regabatin XR once-daily, non-generic extended
release version of pregabalin.

Rexista Oxycodone XR

Rexista Oxycodone XR is a non-generic extended release formulation
intended for the management of moderate to severe pain when an
around-the-clock analgesic is required.  The formulation is
intended to present a significant barrier to tampering when
subjected to various forms of anticipated physical and chemical
manipulation commonly used by abusers.  It is also designed to
prevent dose dumping when inadvertently co-administered with
alcohol.  In addition, when crushed or pulverized and hydrated, the
proposed extended release formulation is designed to coagulate
instantaneously and entrap the drug in a viscous hydrogel, which is
intended to prevent syringing, injecting and snorting.

The Company recently submitted an Investigational New Drug
Application to the United States Food and Drug Administration for
Rexista Oxycodone XR in anticipation of the commencement of Phase
III clinical trials.  Planning has begun for the Phase III trials
that will examine the efficacy and safety of Rexista Oxycodone XR
in individuals with chronic low back pain.

Intellipharmaceutics has recently conducted and analyzed the
results of three definitive open label, blinded, randomized,
crossover, Phase I pharmacokinetic clinical trials in which Rexista
Oxycodone XR was compared to Oxycontin under single dose fasting,
single dose steady-state fasting and single dose fed conditions in
healthy volunteers.

Intellipharmaceutics has received topline data results from all
three studies.  The first study, a single dose steady-state fasting
study, showed that Rexista Oxycodone XR met the bioequivalence
criteria (90 percent confidence interval of 80 to 125 percent) for
all matrices, i.e., on the measure of maximum plasma concentration
or Cmax, the ratio of Rexista Oxycodone XR to Oxycontin was 94.95
percent (90 percent confidence interval of 81.29 to 110.89 percent)
and on the measure of area under the curve steady state (AUCss) the
ratio of Rexista Oxycodone XR to Oxycontin was 100.54 percent (90
percent confidence interval of 89.97 to 112.34 percent).

The second study, a single dose fasting study, showed that Rexista
Oxycodone XR met the bioequivalence criteria (90 percent confidence
interval of 80 to 125 percent) for all matrices, i.e., on the
measure of maximum plasma concentration or Cmax, the ratio of
Rexista Oxycodone

XR to Oxycontin was 92.69 percent (90 percent confidence interval
of 80.26 to 107.04 percent), on the measure of area under the curve
time (AUCt) the ratio of Rexista Oxycodone XR to Oxycontin was
100.53 percent (90 percent confidence interval of 95.13 to 106.53
percent) while on the measure of area under the curve infinity
(AUCinf) the ratio of Rexista Oxycodone XR to Oxycontin was 114.87
percent (90 percent confidence interval of 108.21 to 121.93
percent).

The third study, a single dose fed study, showed that Rexista
Oxycodone XR met the bioequivalence criteria (90 percent confidence
interval of 80 to 125 percent) for all matrices, i.e., on the
measure of maximum plasma concentration or Cmax, the ratio of
Rexista Oxycodone XR to Oxycontin was 91.66 percent (90 percent
confidence interval of 80.21 to 104.75 percent), on the measure of
area under the curve time (AUCt) the ratio of Rexista Oxycodone XR
to Oxycontin was 103.21 percent (90 percent confidence interval of
94.15 to 113.15 percent) while on the measure of area under the
curve infinity (AUCinf) the ratio of Rexista Oxycodone XR to
Oxycontin was 107.39 percent (90 percent confidence interval of
98.62 to 107.39 percent).

Regabatin XR

The Company also reported that the FDA has accepted a
Pre-Investigational New Drug (Pre-IND) meeting request for its
once-a-day Regabatin XR non-generic controlled release version of
pregabalin under the new drug application ("NDA") 505(b)(2)
regulatory pathway, with a view to possible commercialization in
the United States at some time following the Dec. 30, 2018, expiry
of the patent covering the pregabalin molecule.  Regabatin XR is
based on the Company's controlled release drug delivery technology
platform which utilizes the symptomatology and chronobiology of
fibromylagia in a formulation intended to provide a higher exposure
of pregabalin during the first 12 hours of dosing.

Pregabalin is indicated for the management of neuropathic pain
associated with diabetic peripheral neuropathy, postherpetic
neuralgia, spinal cord injury and fibromyalgia.  A once-a-day
controlled release version of pregabalin should reduce the number
of doses patients currently take, potentially improving patient
compliance, and thereby potentially improving clinical outcomes.
This Pre-IND request with the FDA is focused on the Company’s
proposed Phase III clinical program.

"There can be no assurance that additional clinical trials will
meet our expectations, that we will have sufficient capital to
conduct such trials, that we will be successful in submitting any
NDA with the FDA, that the FDA will approve these product
candidates for sale in the U.S. market, or that they will ever be
successfully commercialized," the Company said in the press
releaes.

"We are excited with the positive topline data results of the Phase
I studies utilizing formulations and dosages of our Rexista
Oxycodone XR product candidate, and we look forward to the FDA’s
guidance on our IND filing on Rexista Oxycodone XR, and on our
Pre-IND submission for Regabatin stated Dr. Isa Odidi, CEO and
co-founder of Intellipharmaceutics.  "We believe that our abuse
deterrent technology has the potential to positively differentiate
Rexista from other abuse deterrent technologies of which we are
aware, and that it represents an important step towards helping
patients manage their pain safely.  For both Rexista and Regabatin,
we plan to move forward, subject to FDA guidance, into Phase III
trials.  We also plan to explore potential strategic business
development relationships for these novel product candidates."

Company Contact:

  Intellipharmaceutics International Inc.
  Domenic Della Penna
  Chief Financial Officer
  416-798-3001 ext. 106
  investors@intellipharmaceutics.com

Investor Contact:

  ProActive Capital
  Kirin Smith
  646-863-6519
  ksmith@proactivecapital.com

                    About Intellipharmaceutics

Toronto, Canada-based Intellipharmaceutics International Inc. is
incorporated under the laws of Canada.  Intellipharmaceutics is a
pharmaceutical company specializing in the research, development
and manufacture of novel and generic controlled-release and
targeted-release oral solid dosage drugs.  Its patented
Hypermatrix(TM) technology is a multidimensional controlled-
release drug delivery platform that can be applied to the
efficient development of a wide range of existing and new
pharmaceuticals.  Based on this technology,
Intellipharmaceuticshas a pipeline of product candidates in
various stages of development, including filings with the FDA in
therapeutic areas that include neurology, cardiovascular,
gastrointestinal tract, diabetes and pain.

Intellipharmaceutics reported a net loss of $3.85 million on $8.76
million of revenues for the year ended Nov. 30, 2014, compared to a
net loss of $11.5 million on $1.52 million of revenues for the year
ended Nov. 30, 2013.  As at Nov. 30, 2014, the Company had $7.87
million in total assets, $2.96 million in total liabilities and
$4.91 million in shareholders' equity.

Deloitte LLP, in Toronto, Canada, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Nov. 30, 2014, citing that the Company's recurring losses
from operations and the accumulated deficit cast substantial doubt
about its ability to continue as a going concern.


INTERMETRO COMMUNICATIONS: Suspending Filing of Reports with SEC
----------------------------------------------------------------
Intermetro Communications, Inc. has suspended its reporting
obligations under Section 15(d) of the Securities Exchange Act of
1934, as amended, by filing a Form 15 with the Securities and
Exchange Commission on March 27, 2015.  There were only 150 holders
of the common shares as of that date.

                          About InterMetro

Simi Valley, Calif.-based InterMetro Communications, Inc.,
-- http://www.intermetro.net/-- is a Nevada corporation which
through its wholly owned subsidiary, InterMetro Communications,
Inc. (Delaware), is engaged in the business of providing voice
over Internet Protocol ("VoIP") communications services.

InterMetro Communications reported a net loss of $2.45 million on
$11.6 million of net revenues for the year ended Dec. 31, 2013,
as compared with net income of $699,000 on $20.06 million of net
revenues in 2012.

The Company's balance sheet at Sept. 30, 2014, showed $2.88
million in total assets, $12.4 million in total liabilities and a
$9.51 million total stockholders' deficit.

Gumbiner Savett Inc., in Santa Monica, California, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company incurred net losses in previous years, and as of
Dec. 31, 2013, the Company had a working capital deficit of
approximately $12.08 million and a total stockholders' deficit of
approximately $12.4 million.  The Company anticipates that it will
not have sufficient cash flow to fund its operations in the near
term and through fiscal 2014 without the completion of additional
financing.  These factors, among other things, raise substantial
doubt about the Company's ability to continue as a going concern.


INTL MANUFACTURING GROUP: Trustee Wants FFWP Reaffirmed as Counsel
------------------------------------------------------------------
Beverly N. McFarland, the Chapter 11 Trustee for International
Manufacturing Group Inc. asks the U.S. Bankruptcy Court for the
Eastern District of California to reaffirm the employment of
Felderstein Fitzgerald Willoughby & Pascuzzi LLP as her bankruptcy
counsel.  A full-text copy of the Chapter 11 trustee's motion is
available for free at http://is.gd/pfDmG9

A hearing was scheduled on April 1, 2015, to consider approval of
the Chapter 11 trustee's request.

As reported in the Troubled Company Reporter on Aug. 1, 2014, the
Court authorized the Chapter 11 trustee to employ the firm as her
bankruptcy counsel.  The Chapter 11 trustee requires Felderstein
Fitzgerald to:

   (a) advise and represent the Trustee with respect to bankruptcy
       matters and proceedings in this Bankruptcy Case;

   (b) assist the Trustee in obtaining the use of cash collateral
       and potentially selling the Debtor's assets or business;

   (c) assist the Trustee with the preparation of and confirmation
       of a plan or plans of reorganization or liquidation; and

   (d) advise and represent the Trustee with respect to possible
       motions for relief from stay filed by the Debtor's secured
       creditors.

Felderstein Fitzgerald will be paid at these hourly rates:

       Steven H. Felderstein, managing partner   $495
       Thomas A. Willoughby, partner             $495
       Paul J. Pascuzzi, partner                 $475
       Jason E. Rios, partner                    $405
       Jennifer E. Niemann, counsel              $395
       Holly A. Estioko, associate               $350
       Karen L. Widder, legal assistant          $195

Felderstein Fitzgerald will also be reimbursed for reasonable out-
of-pocket expenses incurred.

Thomas A. Willoughby, partner of Felderstein Fitzgerald, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

               About International Manufacturing

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

International Manufacturing sought Chapter 11 bankruptcy
protection
(Bankr. E.D. Cal. Case No. 14-25820) in Sacramento, on May 30,
2014.  The case is assigned to Judge Robert S. Bardwil.

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

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

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


ISC8 INC: Completes Sale, Needs Until April 22 to File Plan
-----------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that ISC8 Inc. has completed a sale of most assets
and has asked a bankruptcy judge to extend until April 22, 2015,
the period by which it has exclusive right to file a plan.

According to the report, citing court documents, the Debtor said a
confirmable plan can't be finalized until the company ascertains
which unsecured liabilities have been paid or taken on by the
buyer.  Further, the Debtor said there may be a party interested in
the company's public shell.

                           About ISC8 Inc.

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

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

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


J&G HOSPITALITY: Case Summary & 5 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: J&G Hospitality Group, LLC
        105 E. State Street
        Hastings, MI 49058

Case No.: 15-01949

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: March 31, 2015

Court: United States Bankruptcy Court
       Western District of Michigan (Grand Rapids)

Judge: Hon. Scott W. Dales

Debtor's Counsel: Cody H. Knight, Esq.
                  RAYMAN & KNIGHT
                  141 East Michigan Ave, Ste 301
                  Kalamazoo, MI 49007
                  Tel: (269) 345-5156
                  Email: courtmail@raymanstone.com

Total Assets: $545,612

Total Liabilities: $1.83 million

The petition was signed by Michael L. Barnaart, member.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/miwb15-01949.pdf


LIANA MALLO: Justices Asked to Eye Late Tax Returns' Bankr. Status
------------------------------------------------------------------
Law360 reported that three bankrupt IRS debtors petitioned the U.S.
Supreme Court to review a Tenth Circuit decision finding that a tax
debt is not dischargeable in bankruptcy when the relevant tax
return has been filed past the deadline, saying the lower courts
desperately need guidance on the issue.

According to the report, petitioners Liana and Edson Mallo and
Peter George Martin, whose cases were consolidated by a district
court in 2013, argued that even a late-filed return should be
counted under Section 523(a) of Bankruptcy Code.


LIFE PARTNERS: Trustee Wants Operating Unit in Chapter 11
---------------------------------------------------------
Tiffany Kary, writing for Bloomberg News, reported that H. Thomas
Moran II, the trustee appointed in the Chapter 11 cases of Life
Partners Holdings, Inc., said the debtor's operating unit should
join its parent in bankruptcy to help reorganize the company after
it was ordered to pay $46 million in a fraud case.

According to the report, the Chapter 11 trustee's motion, if
approved, means a bankruptcy law provision halting lawsuits would
protect the subsidiary, Life Partners Inc.  It would also give the
trustee authority to remove current board members and consolidate
assets to help reorganize, the court document said, the report
related.

                About Life Partners Holdings, Inc.               

Headquartered in Waco, Texas, Life Partners Holdings, Inc. --
http://www.lphi.com/-- is a financial services company engaged in

the secondary market for life insurance known as life settlements.

Life Partners Holdings, Inc., sought protection under Chapter 11
of
the Bankruptcy Code on Jan. 20, 2015 (Bankr. N.D. Tex., Case No.
15-40289).  The case is assigned to Judge Russell F. Nelms.

The U.S. Trustee for Region 6 appointed three creditors of Life
Partners Holdings, Inc. to serve on the official committee of
unsecured creditors.   Tracy A. Bolt of BDO USA, LLP, was named as
examiner in the Debtor's case.


LIGHTSQUARED INC: Former Chairman Appeals Plan Confirmation Order
-----------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that former Lightsquared Inc. Chairman Sanjiv Ahuja
appealed from the bankruptcy court's order confirming the
reorganization plan.

According to the report, the ex-chairman has 8.8 million shares of
stock under a settlement under which, he says, he was supposed to
be treated like all other shareholders.  Instead, the plan gives
him nothing, the report noted.  According to Ahuja, the company is
solvent because its enterprise value is $9.6 billion while claims
total only $4.3 billion, and as a result, he should have received
something for his stock, he said, the report added.

                     About LightSquared Inc.

LightSquared Inc. and 19 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 12-12080) on
May 14, 2012, to resolve regulatory issues that have prevented it
from building its coast-to-coast integrated satellite 4G wireless
network.

LightSquared had invested more than $4 billion to deploy an
integrated satellite-terrestrial network.  In February 2012,
however, the U.S. Federal Communications Commission told
LightSquared the agency would revoke a license to build out the
network as it would interfere with global positioning systems used
by the military and various industries.  In March 2012, the
Company's partner, Sprint, canceled a master services agreement.
LightSquared's lenders deemed the termination of the Sprint
agreement would trigger cross-defaults under LightSquared's
prepetition credit agreements.

LightSquared and its prepetition lenders attempted to negotiate a
global restructuring that would provide LightSquared with liquidity
and runway necessary to resolve its issues with the FCC.

Despite working diligently and in good faith, however, LightSquared
and the lenders were not able to consummate a global restructuring
on terms acceptable to all interested parties.

Lawyers at Milbank, Tweed, Hadley & McCloy LLP serve as counsel to
the Debtors.  Alvarez & Marsal North America, LLC, is the financial
advisor.  Kurtzman Carson Consultants LLC serves as claims and
notice agent.

                          *     *     *

Judge Shelley C. Chapman of the U.S. Bankruptcy Court for the
Southern District of New York on Jan. 20, 2015, approved the Second
amended specific disclosure statement explaining Lightsquared Inc.,
et al.'s second amended joint plan, after determining that the
disclosures contain adequate information within the meaning of
Section 1125(a) of the Bankruptcy Code.

As previously reported by The Troubled Company Reporter, the
Debtors, in December, filed a joint plan and disclosure statement,
which contemplate, among other things, (A) new money investments by
the New Investors in exchange for a combination of preferred and
common equity, (B) the conversion of the Prepetition LP Facility
Claims into new second lien debt obligations, (C) the repayment in
full, in cash, of the Inc. Facility Prepetition Inc. Facility
NonSubordinated Claims immediately following confirmation of the
Plan, (D) the payment in full, in cash, of LightSquared's general
unsecured claims, (E) the provision of $1.25 billion in new money
working capital for the Reorganized Debtors, (F) the assumption of
certain liabilities, (G) the resolution of all inter-Estate
disputes, and (H) the contribution by Harbinger of the Harbinger
Litigations.

Judge Chapman commenced a hearing on March 9, 2015, to consider
confirmation of the amended joint plan filed by Lightsquared Inc.
and its debtor-affiliates together with Fortress Credit
Opportunities Advisor LLC, Harbinger Capital Partners LLC, and
Centerbridge Partners LP.  Judge Chapman, in later March, approved
LightSquared Inc.'s Chapter 11 reorganization plan, capping a
bankruptcy odyssey for Philip Falcone's ambitious wireless venture
that filed for bankruptcy nearly three years ago.


LIGHTSQUARED INC: NY Court Dismisses Harbinger Investor Suit
------------------------------------------------------------
Bob Van Norris, writing for Bloomberg News, reported that a lawsuit
accusing hedge fund manager Philip A. Falcone and his Harbinger
Capital Partners of misleading investors about the firm's stake in
LightSquared Inc. was dismissed by U.S. District Judge Alison
Nathan in Manhattan.

According to Bloomberg, the investors claimed Harbinger acquired an
interest in LightSquared, formerly known as SkyTerra Communications
Inc., without adequately warning them of the risks.  Harbinger
ultimately owned 60 percent of LightSquared, which was developing a
high-speed wireless broadband network before it filed for
bankruptcy in 2012, the report said.

The case is Schad v. Harbinger Capital Partners LLC, 12-CV-1244,
U.S. District Court, Southern District of New York (Manhattan).

                     About LightSquared Inc.

LightSquared Inc. and 19 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 12-12080) on
May 14, 2012, to resolve regulatory issues that have prevented it
from building its coast-to-coast integrated satellite 4G wireless
network.

LightSquared had invested more than $4 billion to deploy an
integrated satellite-terrestrial network.  In February 2012,
however, the U.S. Federal Communications Commission told
LightSquared the agency would revoke a license to build out the
network as it would interfere with global positioning systems used
by the military and various industries.  In March 2012, the
Company's partner, Sprint, canceled a master services agreement.
LightSquared's lenders deemed the termination of the Sprint
agreement would trigger cross-defaults under LightSquared's
prepetition credit agreements.

LightSquared and its prepetition lenders attempted to negotiate a
global restructuring that would provide LightSquared with liquidity
and runway necessary to resolve its issues with the FCC.  Despite
working diligently and in good faith, however, LightSquared and the
lenders were not able to consummate a global restructuring on terms
acceptable to all interested parties.

Lawyers at Milbank, Tweed, Hadley & McCloy LLP serve as counsel to
the Debtors.  Alvarez & Marsal North America, LLC, is the financial
advisor.  Kurtzman Carson Consultants LLC serves as claims and
notice agent.

                          *     *     *

Judge Shelley C. Chapman of the U.S. Bankruptcy Court for the
Southern District of New York on Jan. 20, 2015, approved the Second
amended specific disclosure statement explaining Lightsquared Inc.,
et al.'s second amended joint plan, after determining that the
disclosures contain adequate information within the meaning of
Section 1125(a) of the Bankruptcy Code.

As previously reported by The Troubled Company Reporter, the
Debtors, in December, filed a joint plan and disclosure statement,
which contemplate, among other things, (A) new money investments by
the New Investors in exchange for a combination of preferred and
common equity, (B) the conversion of the Prepetition LP Facility
Claims into new second lien debt obligations, (C) the repayment in
full, in cash, of the Inc. Facility Prepetition Inc. Facility
NonSubordinated Claims immediately following confirmation of the
Plan, (D) the payment in full, in cash, of LightSquared's general
unsecured claims, (E) the provision of $1.25 billion in new money
working capital for the Reorganized Debtors, (F) the assumption of
certain liabilities, (G) the resolution of all inter-Estate
disputes, and (H) the contribution by Harbinger of the Harbinger
Litigations.

Judge Chapman commenced a hearing on March 9, 2015, to consider
confirmation of the amended joint plan filed by Lightsquared Inc.
and its debtor-affiliates together with Fortress Credit
Opportunities Advisor LLC, Harbinger Capital Partners LLC, and
Centerbridge Partners LP.  Judge Chapman, in late March, confirmed
Lightsquared's reorganization plan.


LIME ENERGY: Acquires EnerPath for $11 Million
----------------------------------------------
Lime Energy Co. has acquired EnerPath, a provider of software
solutions and program administration for utility energy efficiency
programs.  The consideration paid in connection with the EnerPath
Acquisition was approximately $11 million in cash, subject to
adjustment based upon the tangible net worth of EnerPath as of the
closing date, according to a document filed with the Securities and
Exchange Commission.

This integration of two principal innovators in utility program
delivery combines Lime Energy's track record of delivering high
participation in energy efficiency programs from small and
mid-sized businesses with EnerPath's industry-leading enterprise
software that enables cost-effective delivery of energy services to
a broad range of commercial and residential customer segments.
With a combined resume, including provision of in-person customer
engagement and energy education to millions of utility customers,
the companies have delivered more than 100,000 commercial facility
energy efficiency projects reducing 1,000 gigawatt-hours of energy
usage -- enough to power 100,000 homes.  Enerpath's proprietary
energy efficiency software platform has processed more than 1
million customer transactions under utility energy efficiency
programs.

"The utility of the future needs to engage mass market customers
and maintain a relationship that includes putting insights and
actions into its customers hands, not just information.  Lime
Energy enables these customers to relate to energy on their terms,"
said Adam Procell, president & CEO of Lime Energy.  "By acquiring
Enerpath, Lime Energy now has a technology platform on which our
industry-leading commercial customer energy efficiency data
resides.  The thousands of weekly personal interactions we have
with businesses, coupled with Enerpath's mobile applications and
analytics engines, allows our utility clients to control their
future, raise customer satisfaction ratings and comply, cost
effectively, with increasing environmental regulations."

Lime Energy now serves twelve of the top 25 US electric utilities
with innovative, performance-based programs that deliver
cost-effective energy efficiency and unprecedented customer
engagement and satisfaction.  Lime Energy's contracts include
exclusive access for provision of energy services to over 1.4
million commercial customers throughout the US, including a
majority of SMBs overlooked by decades of demand-side management
programs.  Through these programs Lime Energy has reduced annual
energy costs for these businesses by over $100 million while
providing required facility upgrades that pay for themselves, on
average, in just over a year.

"The Enerpath Team is thrilled to be joining forces with Lime
Energy to create an energy services company platform that
utilities, commercial customers, and channel partners are looking
for," said Stephen Guthrie, founder and CEO of EnerPath.  Guthrie
will remain with Lime as a senior vice president.

Over 90% of commercial utility customers are small and medium
businesses, and for decades the industry has been at a loss to
create a significant impact on this hard-to-reach market.  Through
their award-winning, performance-based programs, Lime Energy
provides a channel for utilities to engage these hard-to-reach
customers.  Lime Energy's integrated approach includes professional
services, complete customer engagement, engineering, procurement,
and construction management.  Their first-of-its-kind program
aligns the interests of utilities, contractors, and customers. This
enables utilities to generate efficiency as a resource, incentivize
customers based on how they specifically use energy, and enables
contractors to run sustainable businesses, while serving the
smallest of commercial customers.  Lime Energy's data-driven
solutions provide custom incentives, tailored products and
intelligent engagement strategies to these customers, at scale.
The result is a new and enhanced relationship between customer and
utility.

The EnerPath acquisition will be accretive to Lime Energy in 2015.
To learn more about Lime Energy's integrated energy services
platform for utilities and commercial businesses please visit,
www.lime-energy.com.

A copy of the Agreement and Plan of Merger is available at:

                        http://is.gd/ezuJE7

                         About Lime Energy

Headquartered in Huntersville, North Carolina, Lime Energy Co. --
http://www.lime-energy.com-- is engaged in planning and
delivering clean energy solutions that assist its clients in their
energy efficiency and renewable energy goals.  The Company's
solutions include energy efficient lighting upgrades, energy
efficient mechanical and electrical retrofit and upgrade services,
water conservation, building weatherization, on-site generation
and renewable energy project development and implementation.  The
Company provides energy solutions across a range of facilities,
from high-rise office buildings, distribution facilities,
manufacturing plants, retail sites, multi-tenant residential
buildings, mixed use complexes, hospitals, colleges and
universities, government sites to small, single tenant facilities.

Lime Energy reported a net loss available to common stockholders
of $18.5 million in 2013, a net loss of $31.8 million
in 2012 and a net loss of $18.9 million in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $31.1
million in total assets, $22.8 million in total liabilities and
$8.33 million in total stockholders' equity.


LIME ENERGY: Approves $152,000 2014 Bonuses for CEO and CFO
-----------------------------------------------------------
The compensation committee of the board of directors of Lime Energy
Co. approved the awards of discretionary bonuses for 2014 to Adam
Procell and Mary Colleen Brennan, the Company's chief executive
officer and chief financial officer, respectively, on Dec. 30,
2014, according to a document filed with the Securities and
Exchange Commission.  Mr. Procell received a cash bonus in the
amount of $120,000 and Ms. Brennan received a cash bonus in the
amount of $32,068 for their performance during 2014.

Also on Dec. 30, 2014, the Compensation Committee approved
increases in base salary for Mr. Procell and Ms. Brennan for 2015.
Effective Jan. 1, 2015, Mr. Procell's annual base salary is
$325,000 and Ms. Brennan's annual base salary is $230,000.

                        About Lime Energy

Headquartered in Huntersville, North Carolina, Lime Energy Co. --
http://www.lime-energy.com-- is engaged in planning and
delivering clean energy solutions that assist its clients in their
energy efficiency and renewable energy goals.  The Company's
solutions include energy efficient lighting upgrades, energy
efficient mechanical and electrical retrofit and upgrade services,
water conservation, building weatherization, on-site generation
and renewable energy project development and implementation.  The
Company provides energy solutions across a range of facilities,
from high-rise office buildings, distribution facilities,
manufacturing plants, retail sites, multi-tenant residential
buildings, mixed use complexes, hospitals, colleges and
universities, government sites to small, single tenant facilities.

Lime Energy reported a net loss available to common stockholders
of $18.5 million in 2013, a net loss of $31.8 million
in 2012 and a net loss of $18.9 million in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $31.1
million in total assets, $22.8 million in total liabilities and
$8.33 million in total stockholders' equity.


LOOKSMART LTD: Albert Wong Expresses Going Concern Doubt
--------------------------------------------------------
LookSmart, Ltd., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K for the fiscal year ended
Dec. 31, 2014.

Albert Wong & Co. LLP expressed substantial doubt about the
Company's ability to continue as a going concern, citing that the
Company has recurring losses, has negative working capital and cash
in operating activities.

The Company reported a net loss of $6.42 million on $4.7 million in
revenue for the year ended Dec. 31, 2014, compared to a net loss of
$5.36 million on $6.68 million of revenues in the same period last
year.

The Company's balance sheet at Dec. 31, 2014, showed $4.76 million
in total assets, $2.34 million in total liabilities, and
stockholders' equity of $2.42 million.

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

                        http://is.gd/I9sNiW

Based in San Francisco, Calif., LookSmart, Ltd., is a digital
advertising solutions company.  The Company provides relevant
solutions for search and display advertising customers.


M & D CONSTRUCTION: Case Summary & 6 Top Unsecured Creditors
------------------------------------------------------------
Debtor: M & D Construction, LLC
        7388 South Revere Parkway, Suite 803
        Centennial, CO 80112

Case No.: 15-13279

Chapter 11 Petition Date: March 31, 2015

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Judge: Hon. Sidney B. Brooks

Debtor's Counsel: Lee M. Kutner, Esq.
                  KUTNER BRINEN GARBER, P.C.
                  1660 Lincoln St., Ste. 1850
                  Denver, CO 80264
                  Tel: 303-832-2400
                  Email: lmk@kutnerlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Brian Hall, manager.

A list of the Debtor's six largest unsecured creditors is available
for free at http://bankrupt.com/misc/cob15-13279.pdf


MENDOCINO COAST: Wins Confirmation of Plan of Adjustment
--------------------------------------------------------
The Mendocino Coast Recreation and Park District has obtained court
approval of its Plan of Adjustment, filed on Oct. 31, 2014.

Following a hearing on Feb. 6 and March 20, U.S. Bankruptcy Judge
Alan Jaroslovsky entered an order confirming the Plan.  

The Plan provides for the creation of a Plan Fund consisting of the
(a) Effective Date Deposit, (b) the GUC Initial Deposit, and (c)
the GUC Subsequent Deposits (made on the second and fourth
anniversary of the Effective Date). The Plan Fund is expected to
contain approximately $1,377,000.  The Plan Fund will be used to
make Distributions to the holders of Administrative Claims and
Allowed Unsecured Claims. Certain other Claims will be satisfied
from the Reorganized Debtor’s general revenues following the
effectiveness of the Plan and the Debtor’s emergence from Chapter
9.

Unsecured Claims are divided into small claims under Class 7 of the
Plan (i.e., those claims less than or equal to $5,000 or
voluntarily reduced to $5,000), and large claims contained in Class
8 (i.e., claims above $5,000).  Distributions to the holders of
small Claims in Class 7 will be made shortly after the Effective
Date of the Plan and Distributions to the holders of large Claims
in Class 8 will be made over a period of four years, commencing
with an initial distribution following the Effective Date.

Estimated recoveries for holders of claims under the Plan are:

                                         Amount of
   Class No.   Description                Claims     Recovery
   ---------   -----------                ------     --------
      N/A      Administrative Claims       $502,000    100%
      N/A      PCO Claim                Undetermined   100%
      N/A      BNY Claim                Undetermined   100%
       1       Revenue Bonds 1996          N/A         100%
       2       Revenue Bonds 2009          N/A         100%
       3       Revenue Bonds 2010          N/A         100%
       4       General Obligation Bonds    N/A         100%
       5       OSHPD LOC Claim           $1,113,000     82%
       6       Misc. Secured Claims              $0    100%
       7       Convenience Claims          $163,000     55%
       8       Unsecured Claims          $1,310,000     45%
       9       Liability Claims             $42,000    100%

The Plan provides that Classes 1, 2 and 3 (Revenue Bonds), and
Class 4 (General Obligation Bonds) are unimpaired.

                          Plan Objections

The bankruptcy judge approved the explanatory disclosure statement
on Dec. 15, 2014.  The deadline for submitting written acceptances
or rejections of the Plan was Jan. 30, 2015.  Objections were also
due Jan. 30.

The United States of America, on behalf of the United States
Department of Health and Human Services, filed an objection to the
Plan.  The United States later withdrew its objection after the
parties reached an agreement.  They agreed that the Debtor will
assume the Medicare Provider Agreement, and that confirmation of
the Plan will not discharge the Debtor from any debts to CMS that
may arise under the Debtor's costs reports for the 2013 and 2014
fiscal periods.  Copies of the objection and the notice of
withdrawal are available for free at:

     http://bankrupt.com/misc/Mendocino_Plan_US_Obj.pdf
     http://bankrupt.com/misc/Mendocino_Withr_US_Obj.pdf

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

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

A copy of the Plan Confirmation Order is available for free at:

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

The Debtor's attorneys can be reached at:

         Henry C. Kevane, Esq.
         Gail S. Greenwood, Esq.
         PACHULSKI STANG ZIEHL & JONES LLP
         150 California Street, 15th Floor
         San Francisco, CA 94111-4500
         Telephone: (415) 263-7000
         Facsimile: (415) 263-7010
         E-mail: hkevane@pszjlaw.com
                 gsgreenwood@pszjlaw.com

                 About Mendocino Coast Recreation

Fort Bragg, California-based Mendocino Coast Recreation and Park
District filed for Chapter 9 protection (Bankr. N.D. Calif. Case
No. 11-14625) on Dec. 9, 2011.  Douglas B. Provencher, Esq., at
Law Offices of Provencher and Flatt, represents the Debtor.  The
Debtor estimated assets as $10 million to $50 million and debts at
$1 million to $10 million.  The petition was signed by James C.
Hurst, executive director.

Westamerica Bank objected to the petition on the ground that the
District failed to meet the Chapter 9 eligibility requirements in
Section 109(c)(5)(B) of the Bankruptcy Code.  The Bankruptcy Court
overruled the Bank's objection.


MIDWEST ENERGY: Schneider Expresses Going Concern Doubt
-------------------------------------------------------
Midwest Energy Emissions Corp. filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K for the fiscal
year ended Dec. 31, 2014.

Schneider Downs & Co., Inc., 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 $5.01 million on $2.79 million
in revenue for the year ended Dec. 31, 2014, compared to a net loss
of $4.85 million on $1.67 million of revenues in the same period
last year.

The Company's balance sheet at Dec. 31, 2014, showed $17.3 million
in total assets, $21.9 million in total liabilities, and a
stockholders' deficit of $4.58 million.

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

                        http://is.gd/lgBh2L

Lewis Center, Ohio-based Midwest Energy Emissions Corp. (MEEC) is
an environmental services company specializing in mercury emission
control technologies, primarily to utility and industrial
coal-fired units.  The Company's business focuses to deliver
mercury capture technologies to power plants and other industrial
coal-burning units in the United States, Canada, Europe and Asia.


MISSISSIPPI PHOSPHATES: Can Hire DTBA for eDiscovery Services
-------------------------------------------------------------
The Hon. Katharine M. Samson of the U.S. Bankruptcy Court for the
Southern District of Mississippi granted the request of Mississippi
Phosphates Corporation and its debtor-affiliates to employ Deloitte
Transactions and Business Analytics LLP to provide the Debtors with
"other services" nunc pro tunc to Dec. 20 2014.

The Debtors said they need DTBA and its affiliates to provide to
their counsel these services as requested by the Debtors and agreed
to by DTBA:

  a) provide document review services; and  

  b) provide the following electronic discovery services:

     -- collection of data;
     -- processing of data;
     -- hosting of data;
     -- Production of data; and
     -- provide such other Services as may reasonably be required.

The Debtors added the services rendered by DTBA personnel will be
as a non-testifying consultant.

The firm's professionals and their compensation rates:

     Designations                   Hourly Rates
     ------------                   ------------
     Partner, Principal, Director   $450
     Senior Manager                 $350
     Manager                        $300
     Senior Associate               $250
     Associate                      $200
     USI Reviewer                   $27
     US Reviewer                    $55
     Review Team Manager            $120

The Debtors assured the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

                      About Mississippi Phosphates

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

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

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

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

Mississippi Phosphates disclosed $98.8 million in assets and $141
million plus an unknown amount in liabilities.  Affiliates Ammonia
Tank and Sulfuric Acid Tanks each estimated $1 million to $10
million in both assets and liabilities.

The Debtors have tapped Stephen W. Rosenblatt, Esq., at Butler
Snow
LLP as counsel.  The official committee of unsecured creditors
tapped Burr & Forman LLP as its counsel.


MORTGAGE FUND '08: In Pari Delicto Appeal Brewing in Ninth Circuit
------------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the U.S. Court of Appeals in San Francisco may
have an opportunity in the next year to decide whether it will line
up with seven other circuit courts and saddle a bankruptcy trustee
with the misdeeds of the bankrupt company.

According to the report, the trustee for a bankrupt company sued a
bank for aiding and abetting fraud.  The bankruptcy judge dismissed
the suit on several grounds.  U.S. District Judge Susan Illston in
San Susan Illston Francisco upheld the dismissal also for, among
other things, the "in pari delicto" doctrine.

The case is Uecker v. Wells Fargo Capital Finance LLC (In re case
Mortgage Fund '08 LLC), 14-993, 2015 BL 79765, U.S. District Court,
Northern District of California (San Francisco).


MURRAY ENERGY: Moody's Hikes CFR to B2 & Term Loan Rating to Ba3
----------------------------------------------------------------
Moody's Investors Service, on March 20, 2015, upgraded the
corporate family rating of Murray Energy Corporation to B2 from B3,
its probability of default rating to B2-PD from B3-PD, the rating
on the existing senior secured term loan to Ba3 from B1, and the
rating on the existing second lien debt to B3 from Caa1. At the
same time, Moody's assigned ratings to the proposed new debt,
including Ba3 rating to the $1.6 billion first lien term loan and
B3 rating to $860 million second lien notes. The proceeds of the
financing are expected to be used to fund the $1.4 billion purchase
price to acquire the controlling interest in in Foresight Energy LP
and Foresight Energy GP LLP (together "Foresight"), and to
refinance $1 billion of the existing first lien term loan. The
outlook is positive.

This concludes the review initiated on March 16, 2015 when Moody's
placed all ratings of Murray on review for possible upgrade
following the company's announcement that it had entered into a
definitive agreement to acquire a controlling interest in
Foresight. Following the closing, Murray will hold roughly 80% of
general partner and 50% of limited partner interests in Foresight
Energy (rated B2 Positive).

The upgrade reflects the improvement in the company's credit
profile following the successful integration of the Northern
Appalachian mines acquired from CONSOL late in 2013, with Debt/
EBITDA, as adjusted at 3.1x as of December 31, 2014. Factors
supporting the rating are market leadership in Northern Appalachia,
operational diversity, solid contract positions, low-cost longwall
mines, low-cost barge and truck transportation to power plants
served, and good liquidity.

The positive outlook reflects the expected improvement in the
credit profile of the company if the Foresight acquisition is
consummated as contemplated, as a result of increased footprint
across two well-positioned coal regions, Illinois Basin (ILB) and
Northern Appalachian Basin (NAPP), better producer discipline in
the ILB as a result of merging two key suppliers, and low-cost
position of many of the combined company's mines. Although the
credit profile will remain burdened by the $2 billion in other
post-retirement benefits assumed in late 2013 when Murray acquired
its NAPP mines from CONSOL, the positive outlook reflects the
expectation of positive free cash flows and conservative leverage
metrics, with Debt/ EBITDA (as adjusted by Moody's but excluding
OPEB) tracking under 4x. That said, the MLP structure of Foresight
subsidiary would constrain the ratings, due to the expectation that
roughly half of Foresight's free cash flows would be distributed to
the MLP unit holders other than Murray.

The ratings on first lien and second lien debt reflect their
respective position in capital structure with respect to claim to
collateral and assume no cross-guarantees between Murray and
Foresight with respect to each company's debt.

Moody's expect the company to have good liquidity, which included
almost $290 million in cash and cash equivalents at Dec. 31, 2014.

The ratings could be upgraded upon successful execution and
integration of Foresight acquisition and if free cash flows were
expected to be positive with Debt/ EBITDA, as adjusted, maintained
below 4x.

A negative rating action would be considered if Debt/ EBITDA were
expected to rise above 5x or if liquidity were to deteriorate.

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


NAVISTAR INT'L: S&P Revises Outlook & Affirms 'CCC+' CCR
--------------------------------------------------------
Standard & Poor's Ratings Services said it revised its rating
outlook on Illinois-based truckmaker Navistar International Corp.
to positive from developing.  In addition, S&P affirmed all its
ratings on the company, including S&P's 'CCC+' corporate credit
rating.

"The positive outlook reflects the incremental improvements
Navistar has demonstrated in profitability and operating results
over the last few quarters," said Standard & Poor's credit analyst
Robyn Shapiro.

Operating performance has benefitted from favorable end-market
conditions along with reduced costs.  The company has had reduced
warranty spending and expense, and has improved material,
manufacturing, and structural costs.

The positive rating outlook reflects S&P's view that Navistar's
incremental improvements in profitability and operating performance
will likely continue this year.

There is at least a one-in-three chance we will raise the ratings
in the next 12 months if the company demonstrates that it has
recaptured the market share it needs for viability; maintains
profitability and starts to generate free cash flow; has adequate
liquidity, in our view; and makes meaningful progress in reducing
its debt burden and improving its credit metrics.  Although the
company's progress has been slow in winning back share with its
revamped product line, there are some bright spots, including
improved orders in the first quarter of the company's fiscal year.

S&P could lower its rating at any point if Navistar's liquidity
deteriorates more rapidly than S&P anticipates.  For example, this
could occur as a result of a serious falloff in sales, a new
quality problem, or loss of trade credit.



NII HOLDINGS: KPMG Expresses Going Concern Doubt
------------------------------------------------
NII Holdings, Inc., filed with the U.S. Securities and Exchange
Commission on March 10, 2015, its annual report on Form 10-K for
the year ended Dec. 31, 2014.

The Company reported a net loss of $1.96 billion on $3.69 billion
of operating revenues for the year ended Dec. 31, 2014, compared
with a net loss of $1.65 billion on $4.71 billion of operating
revenues in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $5.43 billion
in total assets, $7.39 billion in total liabilities, and a
stockholders' deficit of $1.96 billion.

KPMG 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, has a net capital deficiency, and
filed a voluntary petition for relief under Chapter 11 of Title 11
of the United States Bankruptcy Code.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/XobohS
                          
                       About NII Holdings

NII Holdings Inc. through its subsidiaries provides wireless
communication services for businesses and consumers in Brazil,
Mexico and Argentina.  NII Holdings has the exclusive right to use
the Nextel brand in its markets pursuant to a trademark license
agreement with Sprint Corporation and offers unique push-to-talk
("PTT") services associated with the Nextel brand in Latin
America.
NII Holdings' shares of common stock, par value $0.001, are
publicly traded under the symbol NIHD on the NASDAQ Global Select
Market.

NII Holdings and its affiliated debtors sought bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-12611) in Manhattan
on Sept. 15, 2014.  The Debtors' cases are jointly administered
and are assigned to Judge Shelley C. Chapman.

The Debtors have tapped Scott J. Greenberg, Esq., and Michael J.
Cohen, Esq., of Jones Day as counsel and Prime Clerk LLC as claims
and noticing agent.  NII Holdings disclosed $1.22 billion in assets

and $3.068 billion in liabilities as of the Chapter 11 filing.

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

The Committee is represented by Kenneth H. Eckstein, Esq., and
Adam C. Rogoff, Esq., at KRAMER LEVIN NAFTALIS & FRANKEL LLP.

Capital Group, one of the Backstop Parties, is represented by
Andrew N. Rosenberg, Esq., Elizabeth R. McColm, Esq., and Lawrence
G. Wee, Esq., at PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP.

Aurelius, one of the Backstop Parties, is represented by Daniel H.
Golden, Esq., David H. Botter, Esq., and Brad M. Kahn, Esq., at
AKIN GUMP STRAUSS HAUER & FELD LLP.

                            *   *   *

The Plan and Disclosure Statement, filed on Dec. 22, 2014, allow
the Debtors to strengthen their balance sheet by converting $4.35
billion of prepetition notes into new stock and provide the Debtors

with $500 million of new capital.  The Plan also permits the
Debtors
to avoid the incurrence of significant litigation costs and delays

in connection with potential litigation claims and exit bankruptcy

protection expeditiously and with sufficient liquidity to execute
their business plan.


OAS GROUP: Files Judicial Recovery Application for Nine Companies
-----------------------------------------------------------------
OAS Group on March 31 filed an application for Judicial Recovery of
nine of their companies to the Judiciary of the State of Sao Paulo
in Brazil.  The initiative was the best path found by the Group to
renegotiate their debts with creditors and suppliers in view of the
intense restriction of credit observed since the end of last year.
OAS also decided that it will concentrate efforts on what is its
primary purpose, heavy construction.

"The infrastructure sector depends on intense capital financing for
the development of projects that support the economic growth of the
Country.  Since the beginning of the investigations at Petrobras,
the financial institutions have systematically restricted the
access of enterprises to the resources necessary for the
maintenance of projects.  With almost 40 years in operation, the
OAS has been compelled to take measures that will enable it to
continue to operate in a healthy process of renegotiation of debts,
while preserving thousands of direct and indirect jobs," says Fabio
Yonamine, OAS Investments president.

OAS will bring to this case's table very distinct contributions
from those observed in other Judicial Recoveries.  A company having
the resources to maintain their activities, valiant assets and a
team of professional managers provides the customers, creditors and
suppliers a much safer environment for negotiations.

"We will sell our assets in a Judicial Recovery case in order to
give safety to the investors so that they are not at risk of having
their business disputed in Justice by OAS creditors.  The
divestment of assets is motivated also by the decision to
prioritize the core business of the Group, which is our heavy
construction arm, Construtora OAS," says Diego Barreto, Construtora
OAS Corporate Development director.

Assets that will be put up for sale are the participation of OAS
S.A. in Invepar (24.44% of the business), the slice of Enseada
Shipyard (17.5%), OAS Empreendimentos (80%), OAS Soluçoes
Ambientais (100%), OAS Oleo e Gas (61%) and OAS Defesa (100%).
Arena Fonte Nova (50%) and Arena das Dunas (100%) will also be
traded.

Mr. Barreto also emphasizes that Construtora OAS is applying for
Judicial Recovery for technical reasons, since it is a guarantor of
the funding of the Group, not because of a lack of liquidity, which
is a problem that has reached the other companies included in the
application (OAS S.A. , OAS Imoveis S.A., SPE Gestao e Exploracao
de Arenas Multiuso, OAS Empreendimentos S.A., OAS Infraestrutura
S.A., OAS Investments Ltd., OAS Investments GmbH and OAS Finance
Ltd.).

After the granting of the recovery application by the Judiciary,
OAS will have 60 days to submit the plan for the restructuring of
debts to creditors and suppliers, who will have 120 additional days
to discuss and approve the proposal.  Debts incurred up to today's
date (March 31) will be frozen and renegotiated.  All debts made
from the month of April will be fully complied with. Payment of
salaries and benefits of employees are not affected by the Judicial
Recovery process.  Directly or indirectly, there are more than 100
thousand employees involved.

The Judicial Recovery application does not include the
Special-Purpose Societies (SPEs - "Sociedades de Proposito
Especifico") of OAS Empreendimentos, which are responsible for the
development and construction of real estate ventures in several
Brazilian States. This way, no purchasers of the properties will be
affected by any agreement established within the Judicial
Recovery.

Also excluded from the Judicial Recovery are Arena das Dunas, Arena
Fonte Nova, OAS Solucoes Ambientais and OAS Oleo e Gas, in addition
to OAS holdings in the Porto Novo dealership, in Enseada Shipyard,
in OAS Logistica, in OAS Energy and OAS Defesa.

The difficulties for OAS began in November, from the investigations
on Petrobras, which resulted in the termination of credit lines.
At the same time, customers briefly suspended their payments and
new contracts. As a result, rating agencies have lowered OAS's
grade, which has led to the early maturity of its debts.

With the aggravation of the situation, OAS has decided, at the end
of 2014, to temporarily suspend the payment of debts maturing in
January.  The immediate goal was to continue the operations,
maintain the payroll up to date and fulfill tax commitments.

Construtora OAS is investing in a professionalized governance, in
the corporate remodeling, in the reviewing of their management
processes, in the strengthening of the compliance and internal
audit departments, in addition to strict guidelines to reduce risks
in conducting business.  The goal is to make the company leaner,
more agile, more competitive, focused on productivity and costs.


ONE FOR THE MONEY: April 28 Fixed as Claims Bar Date
----------------------------------------------------
The Bankruptcy Court established April 28, 2015, as the deadline
for any individual or entity to file proofs of claim against One
For The Money LLC.

The Debtor, as part of its reorganization, finds it essential to
determine and fix its liabilities so as to analyze potential claims
and its classification, which will, in turn, further facilitate the
Debtor's proposed plan of reorganization.  The Debtor has filed
schedules of assets and liabilities and statement of financial
affairs with the Bankruptcy Court.  In order for it to properly
proceed with a plan of reorganization, creditors be advised that
they must file their claims by a specific time.  

                      About One For The Money

One For The Money, LLC, sought Chapter 11 bankruptcy protection
(Bankr. S.D.N.Y. Case No. 15-10188) in Manhattan on Jan. 28, 2015,
without stating a reason.  The petition was signed by Anthony M.
Marano as managing member.  The Debtor is owned by the Maranos and
the Galassos.  The largest shareholder is Anthony C. Marano, who
owns 42%.  The Debtor reported $12,500,000 in total assets, and
$15,927,306 in total liabilities.

Jonathan S. Pasternak and the law firm of DelBello Donnellan
Weingarten Wise & Wiederkehr, LLP, in White Plains, New York, has
been tapped as counsel.

The Debtor's Chapter 11 plan is due by Nov. 24, 2015.



OPEN RANGE: USDA Slips Subcontractor's $10MM Payment Claim
----------------------------------------------------------
Law360 reported that the Federal Circuit upheld a ruling that the
U.S. Department Agriculture isn't obligated to reimburse a
subcontractor denied approximately $10 million for work on a USDA
wireless Internet construction project by a bankrupt prime
contractor.

According to the report, the appellate panel determined that the
USDA's Rural Utilities Service wasn't liable for the $10.3 million
that bankrupt Open Range Communications Inc. still owed G4S
Technology LLC for its work building wireless broadband systems in
rural areas.

The case is G4S Technology LLC v. US, Case No. 14-5078.

                         About Open Range

Greenwood Village, Colo.-based Open Range Communications Inc., a
provider of wireless broadband services to 26,000 rural customers
in 12 states, filed a Chapter 11 petition (Bankr. D. Del. Case No.
11-13188) on Oct. 6, 2011, to either sell the business or shut
down and liquidate.  Open Range disclosed about $115.1 million in
assets and $102.8 million in debts.  Open Range started its WiMax
broadband and voice service in late 2009, backed by a $267 million
loan from the U.S. Department of Agriculture's Rural Utility
Service and $100 million invested by One Equity Partners, a
financing arm of JPMorgan Chase & Co.

Judge Kevin J. Carey presides over the case.  Marion M. Quirk,
Esq., at Cole, Schotz, Meisel, Forman & Leonard, serves as
bankruptcy counsel.  Logan & Co. serves as claims agent.  FTI
Consulting, Inc., provided a chief restructuring officer, Michael
E. Katzenstein; an associate chief restructuring officer, Chris
Lewand; and hourly temporary staff.  The petition was signed by
Chris Edwards, chief financial officer.

In December 2011, Open Range shut down operations after failing to
get the broadcast spectrum it needed, problems with network
quality and vendors, and the "sporadic" flow of money from a
$267 million federal loan, of which Open Range owes a balance of
$73.5 million.

Open Range hired RB Capital LLC and Heritage Global Partners Inc.
as auctioneers and sales agents to conduct an auction of the
assets.

In February 2012, the Debtor obtained an order converting the case
to Chapter 7 liquidation.  The Debtor said it was unlikely to have
a reorganization plan resolving the Internet provider's potential
claims against the U.S. Department of Agriculture over a
$267 million loan.  Charles Forman was appointed Chapter 7
trustee.


ORCKIT COMMUNICATIONS: Liquidator Needs One Year to Complete Plan
-----------------------------------------------------------------
On March 12, 2015, Adv. Lior Dagan, the temporary liquidator of
Orckit Communications Ltd. filed with the District Court of Tel
Aviv a proposed operating plan with respect to an additional period
of 12 months commencing from March 2015.  

On March 15, 2015, the temporary liquidator filed with the Court a
request for an exemption from any personal liability for damages
and/or expenses, if any, that may be caused, directly or
indirectly, in connection with his operating the Company or the
foregoing operating plan.  On the same day, the Court ordered that
notice of such request be provided to the shareholders and
creditors of the Company, with an opportunity for them to submit
reservations to the Court by April 14, 2015.

On March 26, 2015, at the request of the temporary liquidator, the
Court clarified that notice to the Company's shareholders may be
provided by means of electronic filings with the U.S. Securities
Exchange Commission and the Israel Securities Authority, rather
than personal delivery.  The report on Form 6-K filed on March 30,
2015, constitutes that notice.

                  About Orckit Communications Ltd.
                   (in temporary liquidation)

Orckit facilitates the delivery by telecommunication providers of
high capacity broadband residential, business and mobile services
over wireline or wireless networks with its Orckit-Corrigent
family
of products.  Orckit was founded in 1990 and became publicly
traded
in 1996.  Orckit's shares are traded on the OTCQB and the Tel Aviv
Stock Exchange and is headquartered in Tel-Aviv, Israel.

Kesselman & Kesselman, in Tel Aviv, Israel, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has a capital deficiency, recurring losses,
negative cash flows from operating activities and has significant
future commitments to repay its convertible subordinated notes.
These facts raise substantial doubt as to the Company's ability to
continue as a going concern.

Orckit reported a net loss of $5.9 million in 2013, a net loss of
$4.5 million in 2012 and a net loss of $17.5 million in 2011.
As of Dec. 31, 2013, the Company had $7.51 million in total
assets, $21.54 million in total liabilities and a $14.03 million
total capital deficiency.


ORCKIT COMMUNICATIONS: Settles Delaware Investment Lawsuit
----------------------------------------------------------
A settlement agreement has been reached between Orckit
Communications Ltd. and two funds of Hudson Bay Capital in
connection with a lawsuit filed by Orckit in the Delaware Chancery
Court against Networks3, Inc. and two funds of Hudson Bay Capital
for unlawful breach of the Strategic Investment Agreement dated
March 12, 2013.  

At a hearing in January 2015, the Court said that it plans to issue
a formal ruling granting the motion to dismiss filed by Networks3
but reserved decision on whether the Hudson Bay Capital funds can
remain in the lawsuit without Networks3 and asked the parties to
consider submitting additional briefing on this question.

The parties have agreed to a settlement whereby the two funds of
Hudson Bay Capital would pay the Company the sum of $75,000 and the
parties would jointly file a voluntary dismissal with prejudice of
the lawsuit, with each party to bear its own costs. In addition,
pursuant to the settlement agreement, each party would undertake to
release and not to sue the opposing party for any claims or causes
of action that were asserted or may have been asserted in the
lawsuit.  The settlement agreement is subject to the approval of
the District Court of Tel Aviv.

                 About Orckit Communications Ltd.
                   (in temporary liquidation)

Orckit facilitates the delivery by telecommunication providers of
high capacity broadband residential, business and mobile services
over wireline or wireless networks with its Orckit-Corrigent family
of products.  Orckit was founded in 1990 and became publicly traded
in 1996.  Orckit's shares are traded on the OTCQB and the Tel Aviv
Stock Exchange and is headquartered in Tel-Aviv, Israel.

Kesselman & Kesselman, in Tel Aviv, Israel, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2013.  The independent auditors noted
that the Company has a capital deficiency, recurring losses,
negative cash flows from operating activities and has significant
future commitments to repay its convertible subordinated notes.
These facts raise substantial doubt as to the Company's ability to
continue as a going concern.

Orckit reported a net loss of $5.9 million in 2013, a net loss of
$4.5 million in 2012 and a net loss of $17.5 million in 2011.
As of Dec. 31, 2013, the Company had $7.51 million in total
assets, $21.54 million in total liabilities and a $14.03 million
total capital deficiency.


OTERIA MOSES: 233% "Tribal Loan" Found Illegal by Fourth Circuit
----------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that an appeals court tied itself in knots to
resolve a case involving what one judge called a "clearly illegal"
$1,000 loan that would have cost the borrower almost five times
that amount to repay.

According to the report, a North Carolina woman who needed $1,000,
signed documents for a $1,500 loan, $500 of which the lender
immediately retained as a fee.  The interest rate on the loan was
149 percent, making the effective annual rate 233 percent with the
fee included, and the lender wasn't licensed to do business in
North Carolina, where the maximum interest rate on similar loans
was 16 percent.  The loan documents said the loan was subject to
American Indian tribal law, with disputes to be decided in
arbitration by a representative of the Cheyenne River Sioux, the
report said.

Although all the information was disclosed, the loan was "clearly
illegal under North Carolina law," U.S. Circuit Judge Paul V.
Niemeyer said, the report related.

The case is Moses v. CashCall Inc., 14-1195, 2015 BL 70105, case
U.S. Court of Appeals for the Fourth Circuit (Richmond).


OWENS-BROCKWAY GLASS: S&P Cuts Sr. Unsecured Notes Rating to 'BB'
-----------------------------------------------------------------
Based on preliminary terms and conditions, Standard & Poor's
Ratings Services assigned its 'BBB' senior secured debt rating and
'1' recovery rating to Perrysburg, Ohio-based Owens-Illinois Inc.'s
proposed $2.1 billion five-year senior secured credit facility.
These ratings indicate S&P's expectation for very high (90% to
100%) recovery in the event of a payment default.  Owens-Illinois
plans to use the proceeds of the new facility to refinance
borrowings under its existing credit facility and refinance
upcoming debt maturities.

At the same time, S&P lowered its issue rating on the senior
unsecured notes issued by Owens-Brockway Glass Container Inc. to
'BB' from 'BB+', based on a revision in the recovery rating to '5'
from '4'.  The '5' recovery rating indicates S&P's expectation for
modest (10% to 30%; in the lower half of the range) recovery in the
event of a payment default.  This change reflects lower recovery
prospects due to the proposed increase in secured debt.

At the same time, S&P affirmed all its other existing ratings,
including the 'BB+' corporate credit rating, on Owens-Illinois and
its subsidiaries.  The outlook is stable.

"Our corporate credit rating on Owens-Illinois Inc. is derived from
an anchor score of 'bbb-', based on our 'satisfactory' business
risk and 'significant' financial risk profile assessments for the
company," said Standard & Poor's credit analyst Liley Mehta.  S&P
chose the higher outcome between 'bbb-' and 'bb+' based on its
assessment that Owens-Illinois' business risk profile is at the
stronger end of "satisfactory".  S&P lowers the anchor score by one
notch based on an unfavorable comparative rating assessment,
reflecting weaker credit measures relative to peers, and ongoing
asbestos litigation.

Owens-Illinois is a global leader in glass packaging, with leading
market shares in each of its four regions, namely North America,
Europe, South America, and Asia-Pacific.  In 2014, nearly 72% of
its sales were outside the U.S. Moreover, Owens-Illinois' strong
geographic presence, including over 20% of its earnings from the
emerging markets, mitigates the risk of overexposure to economic
cycles and enhances the company's growth opportunities.  However,
the company is exposed to some concentration risk with its earnings
and cash flows coming from a few products, end markets, and
customers.  This is evident with the declining demand for mega
beer, which is a key end market for Owens-Illinois in the U.S.
Also, the company is somewhat vulnerable to product substitution
risk from alternative materials in these mature glass-packaging
markets.  Nevertheless, glass remains the packaging of choice for
popular upscale iced teas, wines, and certain beverages and foods
that rely on its superior marketing image and preservative
qualities (by keeping out oxygen).

The stable outlook reflects S&P's view that Owens-Illinois'
financial policies are prudent and its management is committed to
lowering leverage, so that the company can maintain the ratio of
FFO and total adjusted debt in the 20% to 25% range and total debt
to EBITDA of 3.5x to 4x, which are commensurate with the current
ratings.  S&P believes Owens-Illinois will generate healthy free
cash and apply it toward share repurchases and debt reduction in
2015.

S&P could lower the ratings slightly if Owens-Illinois' credit
measures deteriorated, including FFO to total adjusted debt
declining to 15% or lower with no prospect of recovery.  Based on
S&P's scenario forecasts, this could occur if the company is unable
to pass higher costs to its customers in a timely manner or if
economic weakness materially depresses demand.  This could cause
the company's volumes to decline and EBITDA margin to decline by
more than 200 basis points from the current level.  S&P could also
lower the ratings if the company pursues debt-financed
acquisitions, resulting in deterioration in credit metrics.

Although unlikely in the next few years, S&P could raise the
ratings if Owens-Illinois reduces its leverage beyond S&P's
expectation, such that its FFO to total adjusted debt ratio exceeds
30% on a sustainable basis.



PENN PRODUCTS: S&P Retains 'BB-' ICR Over Upsized Debt
------------------------------------------------------
Standard & Poor's Ratings Services said that its 'BB-' issuer
credit rating is unchanged after Penn Products Terminals LLC
upsized its proposed term loan B issuance to $600 million from $575
million and its proposed revolving credit facility to $150 million
from $125 million; S&P also revised its interest rate pricing
assumptions for the issuance.  The outlook is stable.  The '2'
recovery rating on both facilities is also unchanged.  This
indicates expected "substantial" recovery (70% to 90%) in case of
default; the recovery is in the lower end of this band.

Penn Products Terminals is issuing this debt to fund its
acquisition by ArcLight Capital.  The issuer is the largest
distributor and storer of refined products in Pennsylvania.  It
benefits from some pricing flexibility based on its size, but is
more regionally focused than other similar issuers.  S&P expects it
to have debt to EBITDA of about 4.2x during the next two years.

RATINGS LIST

Ratings Unchanged
Penn Products Terminals LLC
Corp credit rating            BB-/Stable/--
$600 million term loan B      BB
Recovery Rating               2L
$150 million revolver         BB
Recovery rating               2L



PORTER BANCORP: Posts $11 Million Net Loss in 2014
--------------------------------------------------
Porter Bancorp, Inc. filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$11.2 million on $39.5 million of interest income for the year
ended Dec. 31, 2014, compared to a net loss of $1.58 million on
$43.2 million of interest income for the year ended Dec. 31, 2013.
The Company previously reported a net loss of $32.93 million in
2012.

As of Dec. 31, 2014, Porter Bancorp had $1.01 billion in total
assets, $985 million in stockholders' equity and $33.5 million in
total stockholders' equity.

Crowe Horwath, LLP, in  Louisville, Kentucky, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has incurred
substantial losses in 2014, 2013 and 2012, largely as a result of
asset impairments resulting from the re-evaluation of fair value
and ongoing operating expenses related to the high volume of other
real estate owned and non-performing loans.  In addition, the
Company's bank subsidiary is not in compliance with a regulatory
enforcement order issued by its primary federal regulator
requiring, among other things, increased minimum regulatory capital
ratios as well as being involved in various legal proceedings in
which the Company disputes material factual allegations against the
Company.  Additional losses, adverse outcomes from legal
proceedings or the continued inability to comply with the
regulatory enforcement order may result in additional adverse
regulatory action.  These events raise substantial doubt about the
Company's ability to continue as a going concern.

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

                        http://is.gd/nOfOBO

                        About Porter Bancorp

Porter Bancorp, Inc., is a bank holding company headquartered in
Louisville, Kentucky.  Through its wholly-owned subsidiary PBI
Bank, the Company operates 18 full-service banking offices in
12 counties in Kentucky.


POSITVEID CORP: Incurs $8.22 Million Net Loss in 2014
-----------------------------------------------------
PositiveID Corporation filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
attributable to common stockholders of $8.22 million on $945,000 of
revenue for the year ended Dec. 31, 2014, compared with a net loss
attributable to common stockholders of $13.33 million on $0 of
revenue for the year ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $1.02 million in total assets,
$9.46 million in total liabilities, and a $8.44 million total
stockholders' deficit.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014.  The accounting firm noted that
the Company reported a net loss, and used cash for operating
activities of approximately $8.61 million and $2.57 million
respectively, in 2014.  At Dec. 31, 2014, the Company had a working
capital deficiency, stockholders' deficit and accumulated deficit
of approximately $8.076 million, $8.45 million and $133 million,
respectively.  These matters raise substantial doubt about the
Company's ability to continue as a going concern, according to the
regulatory filing.

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

                        http://is.gd/AMF2Ow

                          About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.


PRINCIPAL SOLAR: Whitley Penn Expresses Going Concern Doubt
-----------------------------------------------------------
Principal Solar, 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.

Whitley Penn LLP expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company has
negative cash flows from operating activities, negative working
capital, and an accumulated deficit of $10.5 million as of December
31, 2014.

The Company reported a net loss of $3.33 million on $975,000 of
revenue for the year ended Dec. 31, 2014, compared with a net loss
of $2.35 million on $491,000 of revenues in the same period last
year.

The Company's balance sheet at Dec. 31, 2014, showed $8.09 million
in total assets, $7.79 million in total liabilities, and a
stockholders' equity of $301,200.

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

                        http://is.gd/9tJ7hN

Dallas, Texas-based, Principal Solar, Inc. (PSI), formerly Kupper
Parker Communications, Incorporated, is a renewable energy holding
company. The Company focuses its resources on the acquisition,
finance, development, and management of solar power companies to
utilize solar power.


RADIOSHACK CORP: Judge Approves Sale to Standard General
--------------------------------------------------------
Peg Brickley, writing for The Wall Street Journal, reported that
U.S. Bankruptcy Judge Brendan Linehan Shannon authorized RadioShack
Corp., et al., to sell most of its stores to hedge fund Standard
General LP in a deal that will send the retailer out of bankruptcy
in pared-down form, but still selling electronics.

According to the Journal, Judge Shannon clears the way for Standard
General to save 1,743 stores and 7,500 jobs in a streamlined
relaunch of the business.  Standard General, a senior lender,
offered more money for the company than rivals, and was the only
bidder to offer the "added and terribly important benefit of saving
more than 7,000 jobs and preserving a century-old American
retailing icon," the Journal said, citing Judge Shannon.

Dawn McCarty and Steven Church, writing for Bloomberg News,
reported that Judge Shannon said in court that he is taking
seriously the request by the ABL lenders for lawsuit protection
because they're secured creditors.  He also told the two sides to
negotiate an amount less than $120 million.  Judge Shannon said he
was "troubled" by the parties' positions on certain issues and
doesn't want to turn the company over to liquidator Hilco Merchant
Resources.

Judge Shannon also questioned whether RadioShack would be able to
survive as a going concern even if he approves a proposed
transaction with Standard General, but decided to approve the
transaction nevertheless, over the objections of several lender
constituencies that pressed against the deal during the four-day
hearingLaw360 reported.  Ruling from the bench in Wilmington, Judge
Shannon said he would allow Standard General's credit bid to stand,
one of many sticking points about the sale for dissenting lenders,
Law360 related.

                  About Radioshack Corporation

Fort Worth, Texas-based RadioShack (NYSE: RSH) --
http://www.radioshackcorporation.com/-- is a retailer of mobile  
technology products and services, as well as products related to
personal and home technology and power supply needs.  RadioShack's
retail network includes more than 4,300 company-operated stores in
the United States, 270 company-operated stores in Mexico, and
approximately 1,000 dealer and other outlets worldwide.

RadioShack Corporation and affiliates filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Lead Case No. 15-10197) on
Feb. 5, 2015.  The petitions were signed by Joseph C. Maggnacca,
chief executive officer.  Judge Kevin J. Carey presides over the
case.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul M.
Green, Esq., at Jones Day serve as the Debtors' bankruptcy counsel.
David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and John H.
Schanne, II, Esq., at Pepper Hamilton LLP serve as co-counsel.
Carlin Adrianopoli at FTI Consulting, Inc., is the Debtors'
restructuring advisor.  Maeva Group, LLC, is the Debtors'
turnaround advisor.  Lazard Freres & Co. LLC is the Debtors'
investment banker.  A&G Realty Partners is the Debtors' real estate
advisor.  Prime Clerk is the Debtors' claims and noticing agent.

The Debtors disclosed total assets of $1.2 billion, versus total
debt of $1.3 billion.

Radioshack reported a net loss of $400.2 million in 2013, a net
loss of $139 million in 2012, and net income of $72.2 million in
2011.  The Company's balance sheet at Aug. 2, 2014, showed $1.14
billion in total assets, $1.21 billion in total liabilities, and a
$63 million total shareholders' deficit.

The U.S. Trustee has appointed seven members to the Official
Committee of Unsecured Creditors.  The Committee has retained
Cooley LLP and Quinn Emanuel Urquhart & Sullivan LLP as lead
co-counsel; Whiteford, Taylor & Preston, LLC, as the Delaware
counsel; and Houlihan Lokey Capital, Inc., as financial advisor.


REALBIZ MEDIA: Incurs $1.67-Mil. Net Loss for Q1 Ended Jan. 31
--------------------------------------------------------------
RealBiz Media Group, Inc., filed its quarterly report on Form 10-Q,
disclosing a net loss of $1.67 million on $293,000 of revenue for
the three months ended Jan. 31, 2015, compared with a net loss of
$1.45 million on $246,000 of revenue for the same period last
year.

The Company's balance sheet at Jan. 31, 2015, showed $3.84 million
in total assets, $2.96 million in total liabilities, and
stockholders' equity of $884,000.

The Company has incurred net losses of $1.67 million for the three
months ended January 31, 2015.  At January 31, 2015, the Company
had a working capital deficit of $2.45 million and an accumulated
deficit of $17.04 million.  It is management's opinion that these
facts raise substantial doubt about the Company's ability to
continue as a going concern without additional debt or equity
financing.

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

                       http://is.gd/9EXfag

RealBiz Media Group, Inc., is a provider of digital media and
marketing services to the real estate industry, based in Weston,
Florida.  The Company generates revenues from advertising, real
estate broker commissions and referral fees.



REED AND BARTON: Auction Set for April 28
-----------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Reed & Barton Corp., a designer of fine
tableware and giftware since 1824, will go to auction April 28,
2015, if there's a bid to top Lifetime Brands Inc.'s $15 million
offer.

According to the report, a distributor of products under brand
names such as KitchenAid, Mikasa and Cuisinart, Lifetime offered
$10 million in cash, a $5 million note subject to adjustment and
assumption of specified liabilities for most of the operating
assets.

Sale procedures approved on March 23 call for competing bids by
April 21, the report related.  A sale-approval hearing will be held
in the bankruptcy court in Springfield, Massachusetts, on April 28,
immediately following the conclusion of an open-bid auction, the
report added.

                       About Reed and Barton

Founded in 1824, Reed and Barton Corporation is a designer and
distributor of high quality silverware and tableware, along with
flatware, crystal drinkware, picture frames, ornaments, and baby
giftware.  Reed and Barton, which sells products with the Reed &
Barton, Lunt, R&B EveryDay, and Williamsburg brands, is based in
Taunton, Massachusetts.  The privately held company's stock is
owned by 28 record shareholders who either are descendants of
Henry
Reed or trusts for their benefit.  Aside from selling its products
in department stores and TV shopping networks, the company has an
on-site factory store in Taunton and a showroom in Atlanta,
Georgia.

Reed and Barton sought Chapter 11 bankruptcy protection (Bankr. D.
Mass. Case No. 15-10534) in Boston, Massachusetts, on Feb. 17,
2015.  The case is assigned to Judge Henry J. Boroff.

The Debtor has tapped Holland & Knight, in Boston, as counsel;
Financo, LLC, as investment banker; and Verdolino & Lowey, P.C.,
as
accountant.

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


RICCO INC: Bankr. Trustee Wins Conversion of Case to Chapter 7
--------------------------------------------------------------
Robert L. Johns, the Chapter 11 trustee of the bankruptcy estate of
Ricco, Inc., sought and obtained from the U.S. Bankruptcy Court for
the Northern District of West Virginia an order converting the
Debtor's Chapter 11 case to a Chapter 7 liquidation.

The Trustee, since his appointment, has operated the estate's
interest in over 2,000 acres of real estate, hunting camp, and
mineral interests.  Pursuant to various court orders, the Trustee
has closed the sale of all the estate's real estate interests.  The
estate is not involved in any other business activities.

The Trustee told the Court that he does not intend to file a plan.

The Trustee believes the estate can be more efficiently
administered under Chapter 7.  

The United States Trustee and the creditors committee did not
object to a conversion of the case to Chapter 7.

In his March 25, 2015 order converting the case, Judge Patrick M.
Flatley ruled that:

    * The Chapter 11 Trustee will file and transmit to the U.S.
      Trustee within 30 days a final report and account.

    * A new time period for filing a motion under 11 U.S.C. Sec.
      707(b) or (c), objecting to a claim of exemption, filing
      claims, filing a complaint objecting to discharge, or
      filing a complaint to determine dischargeability of any
      debt will commence in accordance with Fed. R. Bankr. P.
1017,
      1019(2), 3002, 4004, or 4007.

    * The conversion of this case to Chapter 7 does not terminate
      pending motions.

    * Robert L. Johns will remain as Chapter 7 Trustee.

                          About Ricco Inc.

Elk Garden, West Virginia-based Ricco, Inc. -- aka Amico Partners,
Ambizioso Partners, Lupo Tana Partners, and Tre Manichinos Partners
-- filed for Chapter 11 bankruptcy protection on Jan. 7, 2010
(Bankr. N.D. W.V. Case No. 10-00023).  In its schedules, the
Debtor disclosed $15.2 million in assets and $4.094 million in
liabilities.

On June 28, 2010, Robert Johns was appointed as Chapter 11 Trustee.
Wendel B. Turner, Esq., and Robert L. Johns, Esq., at Turner &
Johns, PLLC, in Charleston, West Va., serve as counsel to the
Trustee.

David M. Thomas, Esq., and Michael R. Proctor, Esq., at Dinsmore
and Shohl LLP, in Morgantown, W. Va., serve as counsel to the
Official Committee of Unsecured Creditors as counsel.



SAMSON RESOURCES: May File for Chapter 11 Bankruptcy
----------------------------------------------------
Matt Jarzemsky, writing for The Wall Street Journal, reported that
struggling oil-and-gas producer Samson Resources Corp. said in a
filing that Chapter 11 bankruptcy protection might offer the best
route to restructuring its heavy debt load.

According to the report, Samson, based in Tulsa, Okla., is
exploring a range of strategic and financial options but a "filing
under Chapter 11 of the U.S. bankruptcy code may provide the most
expeditious manner in which to effect a capital structure
solution," the company said in its 2014 annual report, filed with
the Securities and Exchange Commission.

Samson, which is controlled by private-equity firm KKR & Co., also
disclosed that its auditor found that its financial condition
raises substantial doubt about its ability to continue as a going
concern, the report related.

The Troubled Company Reporter, on Feb. 27, 2015, reported that
Samson Resources is working with law firm Kirkland & Ellis LLP's
restructuring practice and Blackstone Group LP's restructuring
advisory group, as a sharp decline in oil and gas prices
complicates its efforts to stem losses and keep current on its
multibillion-dollar debt load.

                       *     *     *

The Troubled Company Reporter, on Feb. 19, 2015, reported that
Standard & Poor's Ratings Services lowered its corporate credit
rating on Tulsa, Okla.-based Samson Resources Corp. to 'CCC+' from
'B-'.  The outlook is negative.

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


SAMUEL WYLY: Cries Foul Over $300-Mil. SEC Judgment
---------------------------------------------------
Law360 reported that former Michael's Stores Inc. part owner Sam
Wyly and the estate of his deceased brother have requested a stay
and a new trial on the $300 million judgment against them, saying
that the SEC didn't prove that the two had control over investment
decisions but merely showed that they had some influence.

According to the report, the Wylys filed a a motion for a new trial
or for judgment as a matter of law and for a stay of enforcement of
the judgments.

As previously reported by The Troubled Company Reporter, U.S.
District Judge Shira Scheindlin in Manhattan ordered Mr. Wyly to
pay the U.S. Securities and Exchange Commission $198.1 million for
violating securities laws, while saying the estate of his deceased
brother is liable for $101.2 million more.

The SEC can only collect the damages against Sam Wyly through
bankruptcy proceedings or if the bankruptcy is dismissed,
according
to Judge Scheindlin, the report related.  The SEC can’t get
anything from the estate of Charles Wyly until a bankruptcy judge
in Dallas rules on whether his widow's filing has the effect of
barring collection, the report further related.

The SEC lawsuit is SEC v. Wyly, 10-cv-05760, U.S. District Court,
Southern District of New York (Manhattan).

                         About Samuel Wyly

Samuel Wyly filed for Chapter 11 bankruptcy protection (Bankr.
N.D. Tex. Case No. 14-35043) on Oct. 19, 2014, weeks after a judge
ordered him to pay several hundred million dollars in a civil
fraud case.  In September 2014, a federal judge ordered Mr. Wyly
and the estate of his deceased brother to pay more than $300
million in sanctions after they were found guilty of committing
civil fraud to hide stock sales and nab millions of dollars in
profits.

                        About Caroline Wyly

Caroline Wyly is the widow of business tycoon Charles Wyly.  She
and her brother-in-law Sam Wyly sought Chapter 11 bankruptcy
protection as leverage to settle a looming tax bill and a $329
million claim from the Securities and Exchange Commission.  Her
bankruptcy is In re Caroline D. Wyly, 14-35074, in U.S. Bankruptcy
Court, Northern District Texas (Dallas).


SAN GOLD: Incurs $16.4-Mil. Loss in Fourth Quarter 2014
-------------------------------------------------------
San Gold Corporation on March 30 reported its 2014 annual and
fourth quarter financial and operating results.

The Company made significant progress in 2014 toward optimizing its
Rice Lake operations, eliminating significant inefficiencies and
implementing a revised 1,000 ton per day mine plan under the
leadership of a renewed management team.

Substantial definition drilling was carried out during the year
within the higher grade 710-711 zones and development is now nearly
complete in these zones ahead of mining operations.  The 710-711
zones are expected to contribute approximately 60% of the mine's
future mill feed.

As of the date of this report, the Company continues to operate
under creditor protection while pursuing its Sales and Investor
Solicitation Process (SISP) pursuant to its filing of a Notice of
Intent to Make a Proposal under Part III, Division I of the
Bankruptcy and Insolvency Act (Canada).  The SISP provides the
Company with a means of restructuring the Company's finances to a
level more appropriate to the optimal run rate established for the
Rice Lake gold deposit over the past year.  Development has been
suspended and mining operations curtailed until the completion of
the SISP when the Company will have a clearer understanding of the
financial resources available to the Rice Lake mine as it prepares
its operational plans for the second half of 2015.

The Company recognized a non-cash impairment charge of $71.8
million in the third quarter of 2014 and of $8.4 million in the
fourth quarter.  These charges are in addition to the non-cash
impairment of $83.1 million recognized in 2013.  The reduced
carrying value of the Company's assets reflects lower gold prices
and difficult market conditions within the sector.

Loss from operations in the fourth quarter of 2014 was $9.1 million
and $90.6 million for the year.  Excluding the non-cash impairment
charges, operating loss was $0.7 million during the fourth quarter
and $10.4 million for the year.

Total and comprehensive loss in the fourth quarter of 2014 was
$16.4 million and $109.2 million for the year.  Excluding the
non-cash impairment charges, total and comprehensive loss was $8.0
million during the fourth quarter and $29.0 million for the year.

"Turning around the Rice Lake mine required considerable effort and
expense in 2014 and we've now addressed the most critical issues.
Our job over the next few months is to demonstrate the value of the
deposit to potential investors so that we can complete the creditor
protection process in anticipation of finally commencing profitable
operations at this property," said Greg Gibson, San Gold's
President and Chief Executive Officer.

Full Year Financial and Operating Summary

-- Produced 41,890 ounces of gold.
-- Mill throughput of 1,070 tons per day.
-- Recognized revenue of $59.0 million on gold sales of 42,149
ounces of gold at a realized price of $1,400 per ounce.
-- Recognized an operating loss of $10.4 million and net loss of  
$29.0 million for the year before non-cash impairment charges of
$71.8 million and $8.4 million recognized at the end of the third
and fourth quarters of 2014, respectively. Including the non-cash
impairment, the operating loss was $90.6 million and the net loss
was $109.2 million for the year.
-- Generated cash flow from operations of $10.4 million. Before
changes to non-cash working capital the Company used $9.4 million.
-- Cash and cash equivalents balance of $0.5 million as at
December 31, 2013.
-- Completed approximately 65,600 metres of underground definition
diamond drilling focused on the higher grade 710-711 zones.
-- Initiated a turnaround process in March to establish improved
operational efficiencies.
-- Closed debt financing for gross proceeds of US$26.3 million.
-- Filed a Notice of Intent to Make a Proposal on December 22,
2014, the first stage of a creditor protection process that permits
the Company to pursue a restructuring of its financial affairs
through a formal proposal.

Fourth Quarter Financial and Operating Summary

-- Quarterly production of 8,407 ounces of gold.
-- Mill throughput of 849 tons per day.
-- Recognized revenue of $11.3 million on gold sales of 8,341
ounces at a realized price of $1,359 per ounce.
-- Recognized an operating loss of $0.7 million and a net loss of
$8.0 million.
-- Generated cash flow from operations of $8.3 million. Before
changes to non-cash working capital the Company used $1.0 million.
-- Recognized a non-cash impairment charge of $8.4 million on the
Company's mining claims and options.

Subsequent Events

-- Approved to list on the TSX Venture Exchange. Shares and
debentures resumed trading March 24, 2015.
-- Closed debt financing for gross proceeds of US$5.4 million.
-- Obtained an order granting an extension to April 27 for the
Company's proposal trustee to file a proposal to creditors.
-- Suspended mine development activities pending completion of
Sales and Investor Solicitation Process.
-- Announced on March 25, 2015, that the Company will not be
funding the $2 million interest payment due March 31 in respect of
its subordinated unsecured convertible debentures currently traded
on the TSX Venture Exchange.

                         About San Gold

San Gold -- http://www.sangold.ca-- is an established Canadian
gold producer, explorer, and developer that owns and operates the
Rice Lake Mining Complex near Bissett, Manitoba.  San Gold is
listed on the TSX Venture Exchange under the symbol "SGR".



SCIENTIFIC GAMES: Park West Asset Owns 6.6% of Class A Shares
-------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Park West Asset Management LLC and Peter S. Park
disclosed that as of March 23, 2015, they beneficially owned
5,670,000 shares of Class A common stock of Scientific Games
Corporation, which represents 6.6 percent of the shares
outstanding.  Park West Investors Master Fund, Limited also
reported beneficial ownership of 4,825,470 Class A common shares.
A copy of the regulatory filing is available at:

                        http://is.gd/hRKrkV

                      About Scientific Games

Scientific Games Corporation is a developer of technology-based
products and services and associated content for worldwide gaming
and lottery markets.  The Company's portfolio includes instant and
draw-based lottery games; electronic gaming machines and game
content; server-based lottery and gaming systems; sports betting
technology; loyalty and rewards programs; and social, mobile and
interactive content and services.  Visit
http://www.scientificgames.com/     

Scientific Games reported a net loss of $234 million in 2014, a net
loss of $30.2 million in 2013 and a net loss of $62.6 million for
2012.  As of Dec. 31, 2014, Scientific Games had $9.99 billion in
total assets, $9.99 billion in total liabilities and $3.9 million
in total stockholders' equity.

                           *     *     *

The TCR reported on May 21, 2014, that Moody's Investors Service
downgraded Scientific Games Corporation's ("SGC") Corporate Family
Rating to 'B1'.  The downgrade reflects Moody's view that slower
than expected growth in SGC's Gaming and Instant Products segments
will cause Moody's adjusted leverage to exceed 6.0 times by the
end of 2014.

As reported by the TCR on Aug. 5, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating to 'B+' from 'BB-' on
Scientific Games Corp.

"The downgrade and CreditWatch placement follow Scientific Games'
announcement that it has agreed to acquire Bally Technologies for
$5.1 billion, including the refinancing of about $1.8 billion in
net debt at Bally," said Standard & Poor's credit analyst Ariel
Silverberg.


SCRUB ISLAND: Court Approves $40-Mil. with Lender
-------------------------------------------------
Law360 reported that a Florida bankruptcy judge approved a
modification to Scrub Island Resort's confirmed plan after the
resort reached a $40 million settlement with sole secured lender
FirstBank Puerto Rico.

According to the report, U.S. Bankruptcy Judge Michael G.
WIlliamson granted the parties' joint motion to modify debtor Scrub
Island Development Group Ltd.'s confirmed bankruptcy plan,
following FirstBank's agreeing to mediate its claims with the
debtors after the bank was denied a stay of the case earlier this
year.

                         About Scrub Island

Scrub Island Development Group Ltd., the owner of a British Virgin
Islands luxury resort, and its affiliate, Scrub Island Construction
Limited, sought bankruptcy protection (Bankr. M.D. Fla. Case Nos.
13-15285 and 13-15286) on Nov. 19, 2013, to end a receivership
Scrub Island claims was secretly put in place by its lender.  The
bankruptcy case is assigned to Judge Michael G. Williamson.

The 230-acre resort operates as a Marriott Autograph Collection
property.  It has 52 rooms and suites, a spa and a 55-slip marina.

Scrub Island Development scheduled $126 million in assets and $131
million in liabilities.

The Debtors are represented by Charles A. Postler, Esq., and
Harley E. Riedel, Esq., at Stichter, Riedel, Blain & Prosser, in
Tampa, Florida.

FirstBank Puerto Rico, the prepetition secured lender, is
represented by W. Keith Fendrick, Esq., at Holland & Knight LLP,
in Tampa, Florida.

The Debtors are represented by Charles A. Postler, Esq., and
Harley E. Riedel, Esq., at Stichter, Riedel, Blain & Prosser, in
Tampa, Florida.

FirstBank Puerto Rico, the Debtor's prepetition secured lender, is
represented by W. Keith Fendrick, Esq., at Holland & Knight LLP,
in Tampa, Florida.

The Official Committee of Unsecured Creditors appointed in Scrub
Island's cases has retained Robert B. Glenn, Esq., Edwin G. Rice,
Esq., and Victoria D. Critchlow, Esq., at Glenn Rasmussen, P.A.,
as general counsel.


SEAN DUNNE: Wife Sued by Bankruptcy Trustee
-------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the bankruptcy trustee assigned to Sean Dunne's
case is suing to recover property the Irish real estate developer
transferred to his wife, Gayle Killilea.

According to the report, the trustee, Richard M. Coan, said in two
lawsuits filed in bankruptcy court on March 27 that Dunne admitted
to transferring more than EUR100 million ($108.2 million) to her.
Assets the trustee accused Dunne of attempting to hide in his
wife's name include the real estate development business he started
in the U.S. after he left Ireland in 2010, the report said.

                          About Sean Dunne

Irish real estate developer Sean Dunne filed a liquidating Chapter
7 bankruptcy petition (Bankr. D. Conn. Case No. 13-50484) on March
30, 2013, in Bridgeport, Connecticut.  Mr. Dunne says he now lives
and works in Connecticut.

Mr. Dunne said he filed for bankruptcy in the U.S. because Ulster
Bank was applying to an Irish court for permission to commence
bankruptcy proceedings there.

The formal lists of property and debt Dunne filed in May in the
U.S. court shows assets with a total claimed value of $55.2 million
and liabilities totaling $942.2 million.  The assets include $40.8
million of real estate, all in Ireland. Among the $280.2 million in
secured creditors and $612.2 million in unsecured creditors, almost
all are in Ireland.


SIGNATURE APPAREL: Mixed Judgments in Reality TV Star's $15M Row
----------------------------------------------------------------
Law360 reported that a New York bankruptcy judge has granted in
part and denied in part competing motions for summary judgment over
the disputed unwinding of a $15 million licensing agreement between
bankrupt Signature Apparel Group LLC, a "Real Housewives of New
Jersey" star and the Rocawear brand.

According to the report, Signature went involuntarily bankrupt in
September 2009, and the license was terminated soon after, but the
parties disagree as to the circumstances surrounding and validity
of the termination of the license, in which "Real Housewives" star
Chris Laurita had an interest.

Three creditors owed a combined $14.8 million filed an involuntary
Chapter 7 petition against Signature Apparel Group LLC (Bankr. N.D.
Ga. 09-83407).  Signature, based in New York, calls itself a
"multifaceted apparel company."  It owns the Fetish trademark and
licenses Rocawear Juniors and Artful Dodger, according to its Web
site.


SKYMALL LLC: SEC Fights Assets Sale, Citing Investigation
---------------------------------------------------------
Law360 reported that the U.S. Securities and Exchange Commission
objected in Arizona bankruptcy court to the sale of assets by
Chapter 11-bound SkyMall LLC on the grounds that some of the
in-flight catalog producer’s assets might be subject to an
outstanding subpoena in a nonpublic investigation.

According to the report, the SEC said that "certain items to be
sold" may fall under an investigative subpoena issued to Xhibit
Corp., SkyMall's parent company.

                        About SkyMall LLC

Headquartered in Phoenix, Arizona, SkyMall, LLC, is the company
behind the ubiquitous in-flight catalogs known for kitschy items
that include Bigfoot Garden Yeti statues, night glow toilet seats
and cat litter robots.

Affiliates SkyMall, LLC, fka SkyMall, Inc. (Bankr. D. Ariz. Case
No. 15-00679), Xhibit Corp., fka NB Manufacturing, Inc. (Bankr. D.
Ariz. Case No. 15-00680), Xhibit Interactive, LLC, fka Xhibit, LLC
(Bankr. D. Ariz. Case No. 15-00682), FlyReply Corp. (Bankr. D.
Ariz. Case No. 15-00684), SHC Parent Corp. (Bankr. D. Ariz. Case
No. 15-00685), SpyFire Interactive, LLC (Bankr. D. Ariz. Case No.
15-00686), Stacked Digital, LLC (Bankr. D. Ariz. Case No.
15-00687), and SkyMall Interests, LLC (Bankr. D. Ariz. Case No.
15-00688) filed separate Chapter 11 bankruptcy petitions on Jan.
22, 2014.  The petitions were signed by Scott Wiley, authorized
signatory.

Judge Brenda K. Martin presides over SkyMall, LLC's case, while
Judge Madeleine C. Wanslee presides over Xhibit Corp.'s and SHC
Parent Corp.'s cases.

John A. Harris, Esq., at Quarles & Brady LLP serves as the
Debtors' bankruptcy counsel.

Cohnreznick Capital Market Securities, LLC, is the Debtors'
financial advisor.

SkyMall, LLC, estimated its assets at between $1 million and $10
million, and its liabilities at between $10 million and $50
million.  Xhibit Corp. estimates its assets and liabilities at
between $100,000 and $500,000 each.  Xhibit Interactive, LLC,
estimates its assets and liabilities at up to $50,000 each.  SHC
Parent Corp. estimates its assets and liabilities at up to $50,000
each.


SKYMALL LLC: Website, Other Assets Go for $1.9-Mil. at Auction
--------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the publisher of the inflight shopping catalog
got the green light to sell its SkyMall website and other assets to
C&A Marketing Inc. for $1 million in cash, plus a note for the
remaining $900,000.

FSG Distributors, the other qualified bidder at the March 25
auction, will serve as backup buyer, the Bloomberg report said,
citing the sale-approval order.

                        About SkyMall LLC

Headquartered in Phoenix, Arizona, SkyMall, LLC, is the company
behind the ubiquitous in-flight catalogs known for kitschy items
that include Bigfoot Garden Yeti statues, night glow toilet seats
and cat litter robots.

Affiliates SkyMall, LLC, fka SkyMall, Inc. (Bankr. D. Ariz. Case
No. 15-00679), Xhibit Corp., fka NB Manufacturing, Inc. (Bankr. D.
Ariz. Case No. 15-00680), Xhibit Interactive, LLC, fka Xhibit, LLC
(Bankr. D. Ariz. Case No. 15-00682), FlyReply Corp. (Bankr. D.
Ariz. Case No. 15-00684), SHC Parent Corp. (Bankr. D. Ariz. Case
No. 15-00685), SpyFire Interactive, LLC (Bankr. D. Ariz. Case No.
15-00686), Stacked Digital, LLC (Bankr. D. Ariz. Case No.
15-00687), and SkyMall Interests, LLC (Bankr. D. Ariz. Case No.
15-00688) filed separate Chapter 11 bankruptcy petitions on Jan.
22, 2014.  The petitions were signed by Scott Wiley, authorized
signatory.

Judge Brenda K. Martin presides over SkyMall, LLC's case, while
Judge Madeleine C. Wanslee presides over Xhibit Corp.'s and SHC
Parent Corp.'s cases.

John A. Harris, Esq., at Quarles & Brady LLP serves as the
Debtors' bankruptcy counsel.

Cohnreznick Capital Market Securities, LLC, is the Debtors'
financial advisor.

SkyMall, LLC, estimated its assets at between $1 million and $10
million, and its liabilities at between $10 million and $50
million.  Xhibit Corp. estimates its assets and liabilities at
between $100,000 and $500,000 each.  Xhibit Interactive, LLC,
estimates its assets and liabilities at up to $50,000 each.  SHC
Parent Corp. estimates its assets and liabilities at up to $50,000
each.


SOUTHERN FAMILY: Insurance Head Released from Testifying
--------------------------------------------------------
Law360 reported that a Florida appeals court quashed a trial
court's order compelling testimony from Florida's insurance
commissioner, saying the information sought is not necessary to the
underlying case regarding insolvent insurers and the testimony
would raise separation of powers concerns.

According to the report, the ruling arose out of a dispute in which
the Florida Department of Financial Services, serving as receiver
of Southern Family Insurance Co., Atlantic Preferred Insurance Co.
and Florida Preferred Property Insurance Co., claims Deloitte &
Touche LLP caused injury to the companies and consumers because it
failed to prepare accurate financial statements as required under
state law, which delayed their entering receivership by at least
several months.

The case is Florida Office of Insurance Regulation v. Florida
Department of Financial Services et al., case number 1D14-4417, in
the First District Court of Appeal of Florida.


SPECTRASCIENCE INC: HJ Expresses Going Concern Doubt
----------------------------------------------------
SpectraScience, 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.

HJ Associates & Consultants 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 its
ability to continue as a going concern is dependent on the
Company's ability to attract investors and generate cash through
issuance of equity instruments and convertible debt.

The Company reported a net loss of $4.49 million on $nil in revenue
for the year ended Dec. 31, 2014, compared to a net loss of $2.75
million on $240,000 of revenues in the same period last year.

The Company's balance sheet at Dec. 31, 2014, showed $2.21 million
in total assets, $6.59 million in total liabilities, and a
stockholders' deficit of $4.38 million.

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

                       http://is.gd/w3LFOQ

                       About SpectraScience

SpectraScience, Inc. (OTC QB: SCIE) is a San Diego based medical
device company that designs, develops, manufactures and markets
spectrophotometry systems capable of determining whether tissue is
normal, pre-cancerous or cancerous without physically removing
tissue from the body.  The WavSTAT(TM) Optical Biopsy System uses
light to optically scan tissue and provide the physician with an
immediate analysis.

On Nov. 6, 2007, the Company acquired the assets of Luma Imaging
Corporation in an equity transaction accounted for as an
acquisition of assets and now operates LUMA as a wholly-owned
subsidiary of the Company.

As reported in the TCR on April 25, 2013, McGladrey LLP, in Des
Moines, Iowa, in its report on the Company's financial statements
for the year ended Dec. 31, 2012, said the Company has suffered
recurring losses from operations and its ability to continue as a
going concern is dependent on the Company's ability to attract
investors and generate cash through issuance of equity instruments
and convertible debt.  "This raises substantial doubt about the
Company's ability to continue as a going concern."

On Feb. 3, 2014, SpectraScience dismissed McGladrey as the
Company's independent registered accounting firm effective
immediately, and engaged HJ Associates & Consultants, LLP, as
replacement accounting firm.


SPYR INC: Reports $2.19 Million Net Income in 2014
--------------------------------------------------
Spyr, Inc., formerly Eat at Joe's, Ltd., filed with the Securities
and Exchange Commission its annual report on Form 10-K disclosing
net income of $2.19 million on $1.45 million of revenues for the
year ended Dec. 31, 2014, compared with a net loss of $1.38 million
on $1.31 million of revenues for the year ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $13.3 million in total assets,
$343,000 in total liabilities and $12.9 million in total
stockholders' equity.

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

                        http://is.gd/FEy9BY

                          About SPYR, INC.

SPYR, INC., formerly known as Eat at Joe's, Ltd, is a holding
company that through its wholly-owned subsidiary, Franklin
Networks, Inc., is engaged in digital publishing and advertising
operations and through its other wholly-owned subsidiary, E.A.J.:
PHL, Airport Inc., owns and operates an "American Diner" theme
restaurant located in the Philadelphia International Airport in
Philadelphia, Pennsylvania called "Eat at Joe's."  The Company is
currently exploring opportunities for additional acquisitions in
these and other verticals, including mobile application and game
development, in order to expand its holdings, to drive and increase
revenue and to generate profits and build value for shareholders.

                            *   *    *

This concludes the Troubled Company Reporter's coverage of Spyr
Inc. until facts and circumstances, if any, emerge that demonstrate
financial or operational strain or difficulty at a level sufficient
to warrant renewed coverage.


STEREOTAXIS INC: Extends Silicon Valley Credit Facility by 3 Years
------------------------------------------------------------------
Stereotaxis, Inc., has extended the maturity of its revolving
credit facility with Silicon Valley Bank by three years to March
31, 2018.  The amended agreement maintains the existing line
capacity of $10 million, which was increased from $3 million in
2014.

"This three-year credit agreement strengthens our ability to
finance growth opportunities and is a significant endorsement of
our continued improvement in financial performance," said William
C. Mills, Stereotaxis chief executive officer.  "We are proud of
SVB's long-term commitment to Stereotaxis, which illustrates strong
support of our strategic initiatives and growth potential as the
leader in robotic solutions for the cardiac electrophysiology
market."

Ben Johnson, managing director of Silicon Valley Bank, said "We are
pleased to continue our partnership with Stereotaxis as they remain
focused on growing the business through innovative technologies.
Our relationship with the Company has been very positive for both
of us, and we look forward to working together as they continue to
pursue their clinical and commercial objectives."

A full-text copy of the Tenth Loan Modification Agreement
(Domestic), dated March 27, 2015, between Silicon Valley Bank, the
Company, and Stereotaxis International, Inc., is available for free
at http://is.gd/JdJDKL

                         About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $5.20 million in 2014, a net
loss of $68.8 million in 2013 and a net loss of $9.23 million in
2012.  As of Dec. 31, 2014, Stereotaxis had $23.9 million in total
assets, $36.4 million in total liabilities, and a $12.5 million
stockholders' deficit.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has incurred recurring
operating losses and has a net capital deficiency.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


SUNSHINE HEART: Ernst & Young Expresses Going Concern Doubt
-----------------------------------------------------------
Sunshine Heart, 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 and an accumulated deficit.

The Company reported a net loss of $25.6 million on $295,000 in
revenue for the year ended Dec. 31, 2014, compared with a net loss
of $21.8 million on $59,000 of revenues in the same period last
year.

The Company's balance sheet at Dec. 31, 2014, showed $32.4 million
in total assets, $3.16 million in total liabilities, and
stockholders' equity of $29.2 million.

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

                        http://is.gd/7dRWfQ

Eden Prairie, Minnesota-based Sunshine Heart is an early-stage
medical device company focused on developing, manufacturing and
commercializing its C-Pulse System for treatment of Class III and
ambulatory Class IV heart failure.


SUNTECH AMERICA: Reaches Ch. 15 Antitrust Deal with Solyndra Trust
------------------------------------------------------------------
Law360 reported that Suntech Power Holdings Co. Ltd.'s foreign
liquidators have struck a tentative settlement with the litigation
vehicle left behind by defunct Solyndra LLC in a California
price-fixing lawsuit alleging Suntech colluded with other Chinese
solar panel producers to squeeze out U.S. rivals.

Terms of the settlement are still being finalized and will require
approval from the Cayman Islands court presiding over Suntech's
primary liquidation proceeding, the report said, citing Daniel
Shamah of O'Melveny & Myers LLP, an attorney for the defunct solar
panel maker's bankruptcy administrators.

                       About Suntech America

Suntech America, Inc., and Suntech Arizona, Inc. filed for Chapter
11 bankruptcy protection (Bankr. D. Del. Case Nos. 15-10054 and
15-10056) on Jan. 12, 2015.  Judge Christopher S. Sontchi presides
over the case.

Mark D. Collins, Esq., Paul Noble Heath, Esq., William A.
Romanowicz, Esq., Zachary I Shapiro, Esq., at Richards, Layton &
Finger, P.A., serve as the Debtors' bankruptcy counsel.  Upshot
Services LLC is the Debtors' claims and noticing agent.

The Debtors estimated their assets at between $100 million and
$500
million, and their debts at between $100 million and $500 million.

Headquartered in San Francisco, California, Suntech America, aka
Suntech Power, an affiliate of Wuxi, China-based Suntech Power
Holdings Corp., was the main operating subsidiary of the Suntech
Group in the Americas and its primary business purpose was acting
as an intermediary for marketing, selling and distributing Suntech
Group manufactured products.


TELEXFREE LLC: Scheme Took in $1-Bil. from 1.9M Investors
---------------------------------------------------------
Law360 reported that the Chapter 11 trustee for TelexFree LLC told
a Massachusetts federal bankruptcy court that the accused Ponzi
scheme amassed roughly $1.03 billion from nearly 1.9 million
investors in a two-year span preceding the internet phone company's
bankruptcy.

According to the report, in schedules, exhibits and other documents
totaling tens of thousands of pages, trustee Stephen Darr -- who is
investigating the company's alleged fraud and overseeing its assets
-- listed 1,894,940 investors whom TelexFree allegedly promised
more than $4 billion in total returns.

                         About TelexFREE

TelexFREE -- http://www.TelexFREE.com/-- is a telecommunications  

business that uses multi-level marketing to assist in the
distribution of voice over internet protocol telephone services.
TelexFREE's retail VoIP product, 99TelexFREE, allows for unlimited
international calling to seventy countries for a flat monthly rate
of $49.90.  TelexFREE has over 700,000 associates or promoters
worldwide.

The company believes the sales of the 99TelexFREE product, the
TelexFREE "app," and other new products will ultimately prove
successful and profitable.  The company is struggling, however,
with several factors that required it to seek chapter 11
protection.  First, the Company experienced exponential growth in
revenue between 2012 and 2013 (from de minimus amounts to over
$1 billion), which put tremendous pressure on the Company's
financial, operational and management systems.  Second, although
the company revised its original compensation plan to promoters in
order to address certain questions that were raised regarding such
plan, the company believes that the plans need to be further
revised.  Finally, the trailing liabilities arising from the
original compensation plan are difficult to quantify and have
resulted in substantial asserted liabilities against the company,
a number of which may not be valid.

TelexFREE LLC and two affiliates sought bankruptcy protection
(Bankr. D. Nev. Lead Case No. 14-12525) on April 13, 2014.

Alvarez & Marsal North America, LLC is serving as restructuring
advisor and Greenberg Traurig, LLP and Gordon Silver are serving
as legal advisors to TelexFREE.  Kurtzman Carson Consultants LLC
serves as claims and noticing agent.

TelexFREE, LLC, estimated $50 million to $100 million in assets
and $100 million to $500 million in liabilities.

TelexFREE is facing accusations of operating a $1 billion-plus
pyramid scheme.

In May, the Court approved the motion by the U.S. Securities &
Exchange Commission to transfer the venue of the Debtors' cases to
the U.S. Bankruptcy Court, District of Massachusetts (Bankr. D.
Mass. Case Nos. 14-40987, 14-40988 and 14-40989).  The Court
entered an order in relation to the venue transfer stating that
the cases remain jointly administered, and KCC will continue to
serve as claims processing agent.

The Debtors had opposed to the motion, stating that while the SEC
contends that the Massachusetts Bankruptcy Court is more
convenient for the SEC, the SEC has failed entirely to meet its
burden to show that the Massachusetts Bankruptcy Court is better
than the Nevada Bankruptcy Court for administration of the Chapter
11 Cases.  The Debtors chose the Nevada Bankruptcy Court because,
inter alia, TelexFREE Nevada, a Nevada entity, is a counter-party
to more than 700,000 contracts governed by Nevada law.

A creditors' committee has not yet been appointed in the Chapter
11 Cases.


TOWERGATE FINANCE: Wins U.S. Court Protection
---------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Towergate Finance Plc, an independently owned
insurance intermediary in the U.K., won Chapter 15 protection in
the U.S. after a Manhattan bankruptcy judge concluded that England
is home to the "foreign main proceeding."

The U.S. court's recognition order gives full effect to the
schemes, in the form approved by the Chancery Division of the High
Court of Justice of England and Wales, the Bloomberg report said.
It prevents noteholders from taking action against Towergate in the
U.S. to collect debt affected by the U.K. proceedings, the report
related.

                     About Towergate Finance

Towergate Finance is an independently-owned insurance intermediary
company distributing general insurance products in the United
Kingdom through its own brokers and third party brokers, including
mortgage brokers and other mortgage intermediaries.

Towergate Finance is a subsidiary of privately held Towergate
Holdings II Limited and Towergate Partnershipco Limited, which is
owned by investment funds managed by the private equity firm Advent
International Corporation and individual shareholders.

Towergate's corporate headquarters are located in Kent, England,
and it has more than 90 offices across the U.K.  Towergate does not
currently have any operations outside of the U.K.  

The Towergate group's trading performance since mid-2014, coupled
with the significant risk that it may have material liabilities
relating to the ongoing UK Financial Conduct Authority
investigations into its historic business practices, has resulted
in the Towergate Finance and the Group facing financial
difficulties particularly in the context of Towergate Finance's
debt service obligations.  On Feb. 2, 2015, Towergate Finance
failed to make an interest payment due under its floating rate
senior secured notes due 2018.

On Feb. 6, 2015, Towergate proposed with the Chancery Division
(Companies Court) of the High Court of Justice of England and
Wales
schemes of arrangement that would adjust its secured and unsecured
debt.  The schemes of arrangement are subject to approval by the
affected creditors and ultimately by the English Court.

To ward off the threat of a lawsuit in the U.S. from a dissenting
investor, Towergate Finance filed for Chapter 15 bankruptcy
protection (Bankr. S.D.N.Y. Case No.  15-10509) in Manhattan in
the
United States on March 6, 2015.  Scott Egan, as foreign
representative, signed the petition.  Aaron Javian, Esq., at
Linklaters LLP, in New York, serves as counsel in the U.S. case.


TRANSGENOMIC INC: Needs More Time to File Form 10-K
---------------------------------------------------
Transgenomic, Inc., filed with the Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its annual report on Form 10-K for the fiscal year ended
Dec. 31, 2014.

The Company said it has determined that it is unable to file the
Form 10-K within the prescribed time period because it requires
additional time for compilation and review to ensure adequate
disclosure of certain information required to be included in the
Form 10-K.  The Form 10-K will be filed as soon as possible
following the prescribed due date.

                        About Transgenomic

Transgenomic, Inc. -- http://www.transgenomic.com/-- is a global  

biotechnology company advancing personalized medicine in
cardiology, oncology, and inherited diseases through its
proprietary molecular technologies and world-class clinical and
research services.  The Company is a global leader in cardiac
genetic testing with a family of innovative products, including
its C-GAAP test, designed to detect gene mutations which indicate
cardiac disorders, or which can lead to serious adverse events.
Transgenomic has three complementary business divisions:
Transgenomic Clinical Laboratories, which specializes in molecular
diagnostics for cardiology, oncology, neurology, and mitochondrial
disorders; Transgenomic Pharmacogenomic Services, a contract
research laboratory that specializes in supporting all phases of
pre-clinical and clinical trials for oncology drugs in
development; and Transgenomic Diagnostic Tools, which produces
equipment, reagents, and other consumables that empower clinical
and research applications in molecular testing and cytogenetics.
Transgenomic believes there is significant opportunity for
continued growth across all three businesses by leveraging their
synergistic capabilities, technologies, and expertise.  The
Company actively develops and acquires new technology and other
intellectual property that strengthens its leadership in
personalized medicine.

The Company reported a net loss available to common stockholders
of $16.7 million in 2013, a net loss available to common
stockholders of $8.98 million in 2012 and a net loss available to
common stockholders of $10.8 million in 2011.

The Company's balance sheet at Sept. 30, 2014, showed $30.8
million in total assets, $20.6 million in total liabilities and
$10.2 million in stockholders' equity.


TRILOGY DEVELOPMENT: 7th Circ. Denies Lender Coverage for Liens
---------------------------------------------------------------
Law360 reported that the Seventh Circuit declined to grant
insurance coverage for the emergence of contractor liens that wiped
out the lender to a failed $118 million real estate development,
deepening a split in the appellate courts on whether and when
lenders deserve the blame for project failures.

According to the report, a unanimous panel determined that letting
loan syndicator BB Syndication Services Inc. look to First American
Title Insurance Co. for coverage on $61 million in unpaid loans
would improperly shift the business risk of funding a distressed
development project away from lenders and onto insurance carriers.

The decision denied BB Syndication coverage against losses it
suffered as a result of mechanic's liens that sprung up once it cut
off funding to an unfinished commercial development in Kansas City,
Missouri, Law360 said.  The project developer's bankruptcy
virtually wiped out BB's debt claim, which stood behind $17 million
in priority mechanic’s liens in the payment line, the report
added.

The case is BB Syndication Services v. First American Title
Insurance Co., case number 13-2785, in the U.S. Court of Appeals
for the Seventh Circuit.

                           About Trilogy

Kansas City, Mo.-based Trilogy Development Company, LLC, was
founded by advertising magnate Bob Bernstein to build a mixed-use
development at 48th St. and Belleview Ave.  The Company sought
Chapter 11 protection (Bankr. W.D. Mo. Case No. 09-42219) on
May 15, 2009.  Jonathan A. Margolies, Esq., and R. Pete Smith,
Esq., at McDowell, Rice, Smith & Buchanan represent the Debtor.
In its petition, the Debtor estimated its assets and at
$100 million to $500 million.


TRUMP ENTERTAINMENT: $10-Mil. FinCEN Deal Moves Forward
-------------------------------------------------------
Law360 reported that a Delaware bankruptcy court has greenlit Trump
Taj Mahal Casino Resort's $10 million fine and settlement deal with
the U.S. Financial Crimes Enforcement Network over violations of
the Bank Secrecy Act to move forward in the Chapter 11 process, the
agency announced.

According to the report, while the monetary penalty will likely be
shaved down by the court as it is being treated as a general
unsecured claim, the March 4 approval sets off a three-year
timetable for external reviews for the casino.

               About Trump Entertainment Resorts

Trump Entertainment Resorts Inc., owner of the Atlantic City
Boardwalk casinos that bear the name of Donald Trump, returned to
Chapter 11 bankruptcy (Bankr. D. Del. Case No. 14-12103) on
Sept. 9, 2014, with plans to shutter its casinos.

TER and its affiliated debtors own and operate two casino hotels
located in Atlantic City, New Jersey.  TER said it will close the
Trump Taj Mahal Casino Resort by Sept. 16, 2014, and, absent union
concessions, the Trump Plaza Hotel and Casino by Nov. 13, 2104.

The Debtors have sought an order authorizing the joint
administration of their Chapter 11 cases and the consolidation
thereof for procedural purposes only.  Judge Kevin Gross presides
over the Chapter 11 cases.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
counsel; Stroock & Stroock & Lavan LLP, as co-counsel; Houlihan
Lokey Capital, Inc., as financial advisor; and Prime Clerk LLC, as
noticing and claims agent.

TER estimated $100 million to $500 million in assets as of the
bankruptcy filing.

The Debtors as of Sept. 9, 2014, owe $285.6 million in principal
plus accrued but unpaid interest of $6.6 million under a first
lien debt issued under their 2010 bankruptcy-exit plan.  The
Debtors also have trade debt in the amount of $13.5 million.


TRUMP ENTERTAINMENT: Donald Trump Thinks Resorts Too Slow on Lease
------------------------------------------------------------------
Law360 reported that Donald J. Trump, who says bankrupt Trump
Entertainment Resorts Inc. owes him thousands of dollars in rent
and taxes he paid for the driveway to the now-closed Trump Plaza,
said he wants the debtor to stop delaying the decision on what to
do with the lease.

               About Trump Entertainment Resorts

Trump Entertainment Resorts Inc., owner of the Atlantic City
Boardwalk casinos that bear the name of Donald Trump, returned to
Chapter 11 bankruptcy (Bankr. D. Del. Case No. 14-12103) on
Sept. 9, 2014, with plans to shutter its casinos.

TER and its affiliated debtors own and operate two casino hotels
located in Atlantic City, New Jersey.  TER said it will close the
Trump Taj Mahal Casino Resort by Sept. 16, 2014, and, absent union
concessions, the Trump Plaza Hotel and Casino by Nov. 13, 2104.

The Debtors have sought an order authorizing the joint
administration of their Chapter 11 cases and the consolidation
thereof for procedural purposes only.  Judge Kevin Gross presides
over the Chapter 11 cases.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
counsel; Stroock & Stroock & Lavan LLP, as co-counsel; Houlihan
Lokey Capital, Inc., as financial advisor; and Prime Clerk LLC, as
noticing and claims agent.

TER estimated $100 million to $500 million in assets as of the
bankruptcy filing.

The Debtors as of Sept. 9, 2014, owe $285.6 million in principal
plus accrued but unpaid interest of $6.6 million under a first
lien debt issued under their 2010 bankruptcy-exit plan.  The
Debtors also have trade debt in the amount of $13.5 million.


US FT HOLDCO: S&P Puts 'B' CCR on CreditWatch Positive
------------------------------------------------------
Standard & Poor's Ratings Services placed its ratings on Jersey
City, N.J.-based US FT Holdco Inc. (Fundtech), including its 'B'
corporate credit rating, on CreditWatch with positive
implications.

S&P expects that the company will refinance the $200 million term
loan due 2017 as part of the acquisition.  S&P will withdraw the
ratings after the transaction closes.

The CreditWatch placement follows Fundtech's announcement that D+H
Corp. has agreed to acquire the company from private equity firm
GTCR.

"We believe the transaction could result in Fundtech's leverage
decreasing and scale improving, which would likely result in an
upgrade," said Standard & Poor's credit analyst Sylvester Malapas.



VALLEY BEEF: Can't Use Trademarks, Argues St. Louis Chain
---------------------------------------------------------
Law360 reported that a franchisee has refused to stop using
trademarks owned by private equity-backed St. Louis-based
restaurant chain Lion's Choice after going more than $4 million
into debt, according to a complaint filed by LC Franchisor LLC in
Missouri federal court.

Lion’s Choice, which is known for its roast beef sandwiches,
claimed that Valley Beef LLC currently owns five of the chain
restaurant's locations and intends to continue its operations until
as late as 2028, despite the fact that its franchise agreement was
terminated.

The case is LC Corporate, LLC et al v. Valley Beef, LLC, Case No.
4:15-cv-00383 (E.D. Mo.).

Valley Beef LLC filed on Dec. 29, 2011, for Chapter 11 protection
in St. Louis, Missouri, listing between $500,000 and $1 million in
debts and under $50,000 in assets.

The Company's largest unsecured creditors are US Foods, which is
owed $117,850, and Pulaski Bank, which has claims totaling
$195,205.

Valley Beef is a franchisee of Lion's Choice, which was founded in
1967 as Brittany Beef and has 15 company-owned restaurants in the
St. Louis area.


WBPB CORP: Case Summary & 18 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: WBPB Corp.
           dba Walldorf Brewpub & Bistro
        105 E. State Street
        Hastings, MI 49058

Case No.: 15-01944

Chapter 11 Petition Date: March 31, 2015

Court: United States Bankruptcy Court
       Western District of Michigan (Grand Rapids)

Judge: Hon. Scott W. Dales

Debtor's Counsel: Cody H. Knight, Esq.
                  RAYMAN & KNIGHT
                  141 East Michigan Ave, Ste 301
                  Kalamazoo, MI 49007
                  Tel: (269) 345-5156
                  Email: courtmail@raymanstone.com

Total Assets: $253,644

Total Liabilities: $2.27 million

The petition was signed by Michael L. Barnaart, president.

A list of the Debtor's 18 largest unsecured creditors is available
for free at http://bankrupt.com/misc/miwb15-01944.pdf


WCI COMMUNITIES: Insurer Says Firm Not Covered in Contempt Suit
---------------------------------------------------------------
Law360 reported that Landmark American Insurance Co. lobbed a suit
against a law firm in Florida federal court saying it shouldn't
have to defend it in a civil contempt suit lodged by a real estate
developer because the case predates the firm's insurance policy.

According to the report, in the suit, reorganized developer WCI
Communities Inc. in January brought a civil contempt claim against
Siegfried Rivera Hyman Lerner De La Torre Mars & Sobel PA in
Delaware bankruptcy court for filing a construction defect lawsuit
it says violates its Chapter 11 plan.  WCI claims the law firm
knowingly filed and pursued the state court action even though
WCI's confirmed bankruptcy plan removed such liabilities, the
report said, citing the adversary complaint.

The case is Landmark American Insurance Company v. Siegfried Rivera
Hyman Lerner De La Torre Mars & Sobel PA et al., case number
2:15-cv-00164, in the U.S. District Court for the Middle District
of Florida.

                       About WCI Communities

Headquartered in Bonita Springs, Florida, WCI Communities, Inc.
(Pink Sheets: WCIMQ) -- http://www.wcicommunities.com/-- is a   
fully integrated homebuilding and real estate services company
with more than 50 years' experience in the design, construction
and operation of leisure-oriented, amenity rich master-planned
communities.  It has operations in Florida, New York, New Jersey,
Connecticut, Virginia and Maryland.

The Company and 126 of its affiliates filed for Chapter 11
protection on Aug. 4, 2008 (Bankr. D. Del. Lead Case No.
08-11643 through 08-11770).  On July 1, 2009, debtor-affiliates
WCI 2009 Corporation, WCI 2009 Management, LLC and WCI 2009 Asset
Holding, LLC filed separate Chapter 11 petitions (Case Nos. from
09-12269 to 09-12271).

Thomas E. Lauria, Esq., Frank L. Eaton, Esq., and Linda M. Leali,
Esq., at White & Case LLP, in Miami, Florida, represented the
Debtors as counsel.  Eric Michael Sutty, Esq., and Jeffrey M.
Schlerf, Esq., at Fox Rothschild LLP, represented the Debtors as
Delaware counsel.  Lazard Freres & Co. LLC acted as the Debtors'
financial advisor.  Epiq Bankruptcy Solutions LLC served as the
claims and notice agent for the Debtors.  The U.S. Trustee for
Region 3 appointed five creditors to serve on an official
committee of unsecured creditors.  Daniel H. Golden, Esq., Lisa
Beckerman, Esq., and Philip C. Dublin, Esq., at Akin Gump Strauss
Hauer & Feld LLP; and Laura Davis Jones, Esq., Michael R. Seidl,
Esq., and Timothy P. Cairns, Esq., at Pachulski Stang Ziehl &
Jones LLP, represented the committee.  WCI disclosed total assets
of $2,178,179,000 and total debts of $1,915,034,000 when it filed
for Chapter 11.

The Bankruptcy Court on Aug. 26, 2009, confirmed the Second
Amended Joint Chapter 11 Plan of Reorganization for WCI
Communities, Inc. and its affiliates.  The Plan became effective
Sept. 3, 2009.


WHITTEN FOUNDATION: Case Summary & 20 Top Unsecured Creditors
-------------------------------------------------------------
Debtor: Whitten Foundation
        PO Box 16506
        Mobile, AL 36616-0506

Case No.: 15-20237

Type of Business: A Louisiana non-profit corporation that owns
                  and operates the Courtyard Orleans Condominium
                  consisting of 88 separately designated
                  condominium and apartment units located in
                  the Parish of East Baton Rouge, State of
                  Louisiana.

Chapter 11 Petition Date: March 31, 2015

Court: United States Bankruptcy Court
       Western District of Louisiana (Lake Charles)

Judge: Hon. Robert Summerhays

Debtor's Counsel: Gerald J. Casey, Esq.
                  GERALD J. CASEY
                  613 Alamo Street
                  Lake Charles, LA 70601
                  Tel: (337) 474-5005
                  Email: ECF@caseylaw.net
                         gcasey@caseylaw.net

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Patrick J. Coffey, president.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
AJT Construction, LLC              open account-         $50,000
3619 Texas Street                  for Embers
Lake Charles, LA 70607

Albarado's Painting & Steam        open account-          $10,295
King                               Embers
222 Rue Septembre
Scott, LA 70583

Blue Skies Landscape, LLC          open account-           $8,552
PO Box 40848                       Embers
Baton Rouge, LA 70835

BoCamp, LLC                        open account-          $82,000
Bo Bohnet                          Whitten
c/o Wegman Dazet                   Foundation
180 N. Camellia #106
Covington, LA 70433

East Baton Rouge Sheriff &         Property taxes-        $44,061
and Tax Collector                  Courtyard
1270 Rosenwald Rd.
Baton Rouge, LA 70807

Lamond G. Whitten                  Promissory Note     $1,269,796
59003 Pine Bay Lane
Lacombe, LA 70445

Lamond G. Whitten                  Promissory Note       $336,000
59003 Pine Bay Lane
Lacombe, LA 70445

Liberty Surplus Insurance Corp     open account-          $15,000
55 Water Street                    Embers
23rd Floor
New York, NY 10041

Louisiana Rental Investors, LLC    bond issued by La.  $1,950,000
c/o Lamond G. Whitten              Public Facilities
59003 Pine Bay Lane                Authority on
Lacombe, LA 70445                  8/28/2002

Louisiana Rental Investors, LLC    bond issued by La     $800,000
c/o Lamond G. Whitten              Public Facilities
59003 Pine Bay Lane                on 8/28/2002
Lacombe, LA 70445

McCollister, McCleary & Fazio      open account -          $8,664
PO Box 40686                       courtyard
Baton Rouge, LA 70835

Multifamily Management, Inc.       open account -        $418,236
PO Box 15605                       Embers
Mobile, AL 36616

Multifamily Management, Inc.       open account -         $71,821
PO Box 15605                       courtyard
Mobile, AL 36616

Rasa Floors & Carpet               open account           $46,990
Cleaning                           Embers
PO Box 619130
Dallas, TX 75261

Rotolo Consultants, Inc.           open account -          $6,291
864 Roberts Road                   Embers
Slidell, LA 70458

Stephen Construction &             open account -          $7,840
Painting                           Courtyard
521 Meadow Bend Drive
Baton Rouge, LA 70820

Suddenlink Communications          open account -         $28,363
PO Box 660365                      Embers
Dallas, TX 75266

Unit Inc.                          open account -         $39,000
PO Box 160646                      Embers
Mobile, AL 36616

Unit Inc.                          open account -         $35,350
PO Box 160646                      Courtyard
Mobile, AL 36616

Whitney National Bank              LOC Loan               $54,605
Recovery Dept.
PO Box 4019
Gulfport, MS 39502-4019


WHITTEN FOUNDATION: Louisiana Apartments Owner in Chapter 11
------------------------------------------------------------
Whitten Foundation, owner of two apartment complexes located in the
State of Louisiana, sought Chapter 11 bankruptcy protection (Bankr.
W.D. La. Case No. 15-20237) in Lake Charles, Louisiana, on March
31, 2015.

Whitten owns and operates Courtyard Orleans Condominium consisting
of 88 designated condominium and apartment units located in Baton
Rouge, East Baton Rouge Parish.  The Debtor also owns and operates
The Embers Apartment Homes, which has 208 separate apartment units,
located at Calcasieu Parish, in Lake Charles.

The Debtor estimated $10 million to $50 million in assets and debt.
As of Feb. 28, 2015, there's an outstanding balance of $4.35
million on a loan from Iberiabank used for the refinance and
refurbishment of Courtyard.  In addition, there's an outstanding
balance of $5.72 million on a loan provided by Iberiabank for the
refinance and refurbishment of Embers.

According to the docket, the official schedules of assets and
liabilities, as well as the statement of financial affairs are due
April 14, 2015.  The Debtor's Chapter 11 plan and disclosure
statement are due July 29, 2015.

Judge Robert Summerhays presides over the case.

The Debtor has tapped Gerald J. Casey, Esq., in Lake Charles,
Louisiana, as counsel.

The Debtor on the Petition Date filed a motion to use cash
collateral.  A hearing on the motion is scheduled for April 14.


WHITTEN FOUNDATION: Proposes Gerald Casey as Counsel
----------------------------------------------------
Whitten Foundation seeks approval from the U.S. Bankruptcy Court
for the Western District of Louisiana to employ Gerald J. Casey as
counsel under a general retainer to give the Debtor legal advice
with respect to the Debtor's powers and duties as debtor in
possession and to perform all legal services for the Debtor which
may be necessary.

Mr. Casey -- gcasey@caseylaw.net -- will charge $325 per hour for
his services.

Prior to the bankruptcy filing, the firm received $20,000 from the
Debtor.

The Debtor says it is necessary to employ Mr. Casey immediately,
and without the 20-day delay mandated by Bankruptcy Rule 6003, as
the Debtor's schedules and statement of financial affairs will need
to be prepared in accordance with the bankruptcy rules

To the best of Debtor's knowledge, Mr. Casey has no connection with
the debtor, its creditors, or any other party in interest or their
attorneys.

                     About Whitten Foundation

Whitten Foundation owns and operates two apartment complexes
located in the State of Louisiana: the 88-unit Courtyard Orleans
Condominium in Baton Rouge, East Baton Rouge Parish, and the
208-unit The Embers Apartment Homes at Calcasieu Parish, in Lake
Charles.

Whitten Foundation sought Chapter 11 bankruptcy protection (Bankr.
W.D. La. Case No. 15-20237) in Lake Charles, Louisiana, on March
31, 2015.

The Debtor estimated $10 million to $50 million in assets and debt.
As of Feb. 28, 2015, there's an outstanding balance of $4.35
million on a loan from Iberiabank used for the refinance and
refurbishment of Courtyard.  In addition, there's an outstanding
balance of $5.72 million on a loan provided by Iberiabank for the
refinance and refurbishment of Embers.

According to the docket, the official schedules of assets and
liabilities, as well as the statement of financial affairs are due
April 14, 2015.  The Debtor's Chapter 11 plan and disclosure
statement are due July 29, 2015.

Judge Robert Summerhays presides over the case.

The Debtor has tapped Gerald J. Casey, Esq., in Lake Charles,
Louisiana, as counsel.


WHITTEN FOUNDATION: Proposes to Use Cash Collateral
---------------------------------------------------
Whitten Foundation asks the Bankruptcy Court to enter interim and
final orders authorizing its use of cash, proceeds from rents
collected, and accounts receivable which may be "cash collateral".

The Debtor owns and operates the 88-unit Courtyard Orleans
Condominium in the Parish of East Baton Rouge, Louisiana.  As of
Feb. 28, 2015 there's an outstanding balance of $4.35 million on a
loan provided by Iberiabank ("IBERIA") for the refinance and
refurbishment of Courtyard.  The loan is secured by real property
located in East Baton Rouge Parish as well as Courtyard's cash,
accounts receivable, and rents.

The Debtor owns and operates 1 separate apartment unit within the
Courtyard complex formerly owned by Louisiana Rental Investors, LLC
(La Rental).  As of Feb. 28, 2015 the outstanding balance is
$87,220 on a loan provided by IBERIA and secured by La Rental's
cash and accounts receivable.

The Debtor owns and operates 208-unit The Embers Apartment Homes
located at Calcasieu Parish, Lake Charles.  There's an outstanding
balance of $5.72 million on a loan provided by IBERIA for the
refinance and refurbishment of Embers.  The loan is secured by real
property located in Calcasieu Parish as well as Ember's cash,
accounts receivable, and rents.

The Debtor needs to use the proceeds of all accounts receivable and
rents, as well as its cash on hand and in bank accounts in the
ordinary course of the Debtor's business to pay the expenses
incurred in the operation of the Debtor's business during the
course of this Chapter 11 proceeding.  IBERIA contends that the
proceeds of all rents, accounts receivable, and the cash on hand
and in bank accounts are collateral for the Loan, and that IBERIA
would be entitled to adequate protection for any use of the rents,
accounts receivable, and the cash on hand and in bank accounts.

To the extent that the proceeds of all rents, accounts receivable
and the cash on hand and in bank accounts constitute cash
collateral and IBERIA'S lien thereon is not subject to avoidance or
subordination, the Debtor proposes to grant IBERIA a replacement
lien on the Debtor's postpetition rents, accounts and cash on hand
as adequate protection for the Debtor's use of the proceeds of all
rents, accounts receivable and the cash on hand and in bank
accounts to the extent that same constitute cash collateral, and
only to the extent of the actual diminution of the value of
IBERIA'S valid, enforceable security interests in the Debtor's
assets.

                     About Whitten Foundation

Whitten Foundation owns and operates two apartment complexes
located in the State of Louisiana.

Whitten Foundation sought Chapter 11 bankruptcy protection (Bankr.
W.D. La. Case No. 15-20237) in Lake Charles, Louisiana, on March
31, 2015.

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

According to the docket, the official schedules of assets and
liabilities, as well as the statement of financial affairs are due
April 14, 2015.  The Debtor's Chapter 11 plan and disclosure
statement are due July 29, 2015.

Judge Robert Summerhays presides over the case.

The Debtor has tapped Gerald J. Casey, Esq., in Lake Charles,
Louisiana, as counsel.


WINDSOR PETROLEUM: Court Enters Final Decree Closing Cases
----------------------------------------------------------
Windsor Petroleum Transport Corporation and its affiliated
reorganized debtors asked the U.S. Bankruptcy Court for the
District of Delaware to enter a final decree closing their Chapter
11 cases.

In his order granting approval of the Debtors' motion on March 26,
2015, Judge Laurie Selber Silverstein ruled that:

  -- The cases are closed effective March 26, 2015;

  -- The Reorganized Debtors will pay any and all fees which
     are due and payable pursuant to 28 U.S.C. Sec. 1930.

  -- Prime Clerk's services with respect to the Chapter 11
     cases are terminated.  

The Court on Nov. 20, 2014, entered an order confirming the
Debtors' Amended Plan of Reorganization.  The Amended Plan went
effective on Jan. 30, 2015.

In seeking the final decree, Sean T. Greecher, Esq., at Young
Conaway Stargatt & Taylor, LLP, explained that in accordance with
the terms of the Plan, the Reorganized Debtors have made, or are in
the processing of making, distributions on account of all Allowed
Claims in Classes 1 through 6, including distributions of Common
Units to Holders of Class 3 Claims, and do not believe that there
are any remaining Disputed Claims that must be addressed in
connection with the Chapter 11 Cases.  

The Reorganized Debtors believe that all motions, contested
matters, and other proceedings that were before the Court with
respect to the Chapter 11 Cases have been resolved, or, to the
extent they arise, will be resolved prior to March 26.

                     About Windsor Petroleum

Windsor Petroleum Transport Corporation and several of its
subsidiaries and related entities on July 14, 2014, filed for
reorganization under Chapter 11 of the U.S. Bankruptcy Code in the
United States Bankruptcy Court in Wilmington, Delaware (Lead Case
No. 14-11708).

The Debtors' counsel is Pauline K. Morgan, Esq., at Young Conaway
Stargatt & Taylor, LLP, in Wilmington, Delaware.  The Debtors'
crisis managers come from AMA Capital, while their chief
restructuring officer is Paul J. Leand, Jr.

Judge Peter Walsh on Dec. 23, 2014, issued amended findings of
fact, conclusions of law, and order confirming the amended plan of
reorganization of the Debtors.

The Amended Plan of Reorganization is premised on a restructuring
support agreement negotiated with bondholders who hold more than
70% of the Company's 7.84% secured notes in a principal amount of
$188,590,000 as of the Petition Date.

The U.S. Trustee notified the Bankruptcy Court that it was unable
to appoint an official committee of unsecured creditors.




ZION OIL: MaloneBailey LLP Raises Going Concern Doubt
-----------------------------------------------------
Zion Oil & Gas Inc. filed with the U.S. Securities and Exchange
Commission on March 10, 2015, its annual report on Form 10-K for
the year ended Dec. 31, 2014.

MaloneBailey LLP expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company
suffered recurring losses from operations and has an accumulated
deficit.

The Company reported a net loss of $6.76 million for the year ended
Dec. 31, 2014, compared to a net loss of $9.08 million in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $11.9 million
in total assets, $1.36 million in total liabilities and total
stockholders' equity of $10.52 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/neVCjj
                          
Zion Oil & Gas, Inc. operates as a development stage oil and gas
exploration company in Israel.  It holds three petroleum
exploration licenses, including the Asher-Menashe license covering
an area of approximately 78,834 acres, the Megiddo-Jezreel license
covering an area of approximately 98,842 acres, and the Jordan
Valley license covering an area of approximately 55,845 acres
located on onshore northern Israel.  The company was founded in
2000 and is based in Dallas, Texas.


[*] Arch Riley Joins Bernstein-Burkley's West Va. Office as Partner
-------------------------------------------------------------------
Arch W. Riley, Jr., an accomplished attorney with more than 30
years of experience in commercial bankruptcy law, on March 31
disclosed that it has joined Bernstein-Burkley, P.C. as a partner
in West Virginia, where the firm is expanding its creditors' rights
and bankruptcy and restructuring practice groups.  Mr. Riley
becomes the fifth Bernstein-Burkley, P.C. lawyer licensed to
practice in West Virginia.

Mr. Riley has extensive experience in representing debtors and
secured creditors in bankruptcy, as well as focusing on financial
reconstructing and workouts, asset acquisitions, real estate and
other related transactional areas of law.

"Arch is a significant addition to our West Virginia office," said
Kirk Burkley, co-managing partner of Bernstein-Burkley, P.C.  "In
order to better address the needs of our clients, we are continuing
to expand our services into West Virginia.  Welcoming a seasoned
attorney like Arch is an important step."

Mr. Riley said that he was drawn to Bernstein-Burkley, P.C. by the
established reputation of the firm's bankruptcy and creditors'
rights practice areas, and the firm's history for aggressively
pursuing the interests of its clients.

"Joining Bernstein-Burkley allows me to better serve my clients on
a more personalized level than I would have previously been able to
do at my previous firm," Mr. Riley said.  "Bernstein-Burkley has a
talented team of attorneys, and I am honored to join the firm."

Mr. Riley comes to Bernstein-Burkley, P.C. from Spilman Thomas &
Battle, PLLC, where he was a co-chair of their bankruptcy and
creditors' rights practice group.  He is a 1982 graduate of the
West Virginia University College of Law.  He is listed in The Best
Lawyers in America in the area of Bankruptcy and Creditor Debtor
Rights/Insolvency and Reorganization Law, and was recognized by
Super Lawyers West Virginia.

Bernstein-Burkley, P.C. is a highly regarded and respected
Pittsburgh-based law firm with a national reach in Bankruptcy and
Restructuring, Creditors' Rights, Business and Corporate
Transactions, Real Estate, and Oil and Gas.  The firm has
cultivated a reputation for excellence over 45 years in the
Pittsburgh business community.  Bernstein-Burkley, P.C.'s core
purpose is to create partnerships that provide clients with a peace
of mind through expert advice and zealous representation.


[*] Energy, Resources Will See Most Turnaround Activity in 2015
---------------------------------------------------------------
Aleksandra Rozens, writing for Bloomberg News, reported that the
sharp and protracted decline in oil prices likely will keep
restructuring professionals busy this year with troubled energy and
resources businesses, according to an AlixPartners' survey of 165
restructuring professionals.

"Several energy companies are in the pipeline to be restructured,
and the continued decline in energy prices was a major business
story during the period the survey was conducted, making the price
decline a top-of-mind issue for respondents," AlixPartners, a
turnaround firm based in Boston that provides advisory services for
companies worldwide, said in a  on the survey, the report related.


[*] Junk Cities Across U.S. Earn Ratings Revival
------------------------------------------------
Brian Chappatta, writing for Bloomberg News, reported that the $3.5
trillion municipal market's fallen angels are rising again as
Moody's Investors Service upgrades outpaced downgrades last quarter
for the first time since 2008.

According to the report, in the past months, Moody's raised
Harrison, New Jersey, which had struggled with debt tied to the
home of Major League Soccer's Red Bulls, to Baa3, one step above
junk; and elevated Menasha, Wisconsin, and Vadnais Heights,
Minnesota, to Baa2, one level higher.  The upgrades are rebuilding
trust between investors and the localities, which got burned by
backstopping debt for commercial or sports-related development
projects, the Bloomberg report said.


[*] New Bankruptcy Filings Fell Sharply in 2014
-----------------------------------------------
Law360 reported that U.S. bankruptcy cases have fallen sharply over
the past 10 years, a trend that's highlighted by a 20 percent drop
in filings by businesses last year and that runs counter to the
recent overall spike in civil litigation, court officials said.

According to Law360, the statistics, released by the Administrative
Office of the U.S. Courts, show a downward trend in bankruptcy
filings over the past decade, but the office declined to blame the
dip on a particular factor.

Kurt Kester, writing for Bloomberg News, reported that consumer
businesses accounted for 45 percent of the new Chapter 11 cases
filed in the first quarter that involve $100 million or more in
debt.  New large debtors in the consumer business sector included
Caesars Entertainment Operating Co., Altegrity Inc., RadioShack
Corp., Standard Register Co., The Wet Seal Inc., and Karmaloop
Inc., the Bloomberg report said.  The second largest source of
Chapter 11 bankruptcies involving debt of $100 million or more was
the energy industry, which has been under pressure from a sharp
drop in the crude oil and natural gas prices, making it tougher for
these businesses to service debt, the Bloomberg report added.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Private Gallery, Inc.
   Bankr. S.D. Ala. Case No. 15-00928
      Chapter 11 Petition filed March 24, 2015
         See http://bankrupt.com/misc/alsb15-00928.pdf
         represented by: Robert M. Galloway, Esq.
                         GALLOWAY WETTERMARK EVEREST & RUTENS, LLP
                         E-mail: bgalloway@gallowayllp.com

In re Ridgill Johnson Properties, Inc.
   Bankr. C.D. Cal. Case No. 15-14501
      Chapter 11 Petition filed March 24, 2015
         See http://bankrupt.com/misc/cacb15-14501.pdf
         represented by: Carolyn A. Dye, Esq.
                         LAW OFFICE OF CAROLYN A. DYE
                         E-mail: trustee@cadye.com

In re The Dolores R. Summers Revocable Trust
   Bankr. N.D. Cal. Case No. 15-40928
      Chapter 11 Petition filed March 24, 2015
         Filed Pro Se

In re Fantasy, LLC
   Bankr. D. Colo. Case No. 15-12881
      Chapter 11 Petition filed March 24, 2015
         See http://bankrupt.com/misc/cob15-12881.pdf
         represented by: Jeffrey Weinman, Esq.
                         WEINMAN & ASSOCIATES, P.C.
                         E-mail: jweinman@epitrustee.com

In re My Freedom, Inc.
   Bankr. M.D. Fla. Case No. 15-01177
      Chapter 11 Petition filed March 24, 2015
         See http://bankrupt.com/misc/flmb15-01177.pdf
         Filed Pro Se

In re Sherman W. Wallace, Jr. and Michelle S. Wallace
   Bankr. D. Md. Case No. 15-14055
      Chapter 11 Petition filed March 24, 2015

In re Gregorio Martinez Rodriguez
   Bankr. D. Or. Case No. 15-60956
      Chapter 11 Petition filed March 24, 2015

In re Bowe Holding Company
   Bankr. E.D. Pa. Case No. 15-11991
      Chapter 11 Petition filed March 24, 2015
         See http://bankrupt.com/misc/paeb15-11991.pdf
         represented by: David A. Scholl, Esq.
                         LAW OFFICE OF DAVID A. SCHOLL
                         E-mail: judgescholl@gmail.com

In re Kathleen V. Mullen
   Bankr. E.D. Pa. Case No. 15-11995
      Chapter 11 Petition filed March 24, 2015

In re Samuel Robert Morton, Jr. and Sharon K. Morton
   Bankr. E.D. Tenn. Case No. 15-30892
      Chapter 11 Petition filed March 24, 2015

In re William R. Baker, Jr.
   Bankr. E.D. Tenn. Case No. 15-30903
      Chapter 11 Petition filed March 24, 2015

In re James E. Dunivan, Jr.
   Bankr. E.D. Va. Case No. 15-31531
      Chapter 11 Petition filed March 24, 2015

In re 101 Distribution LLC
   Bankr. D. Ariz. Case No. 15-03300
      Chapter 11 Petition filed March 25, 2015
         Filed Pro Se

In re Lyle B. Dickman
   Bankr. M.D. Fla. Case No. 15-02954
      Chapter 11 Petition filed March 25, 2015

In re New Foam Design, Inc.
   Bankr. S.D. Fla. Case No. 15-15386
      Chapter 11 Petition filed March 25, 2015
         See http://bankrupt.com/misc/flsb15-15386.pdf
         represented by: Chad T. Van Horn, Esq.
                         VAN HORN LAW GROUP, P.A.
                         E-mail: Chad@cvhlawgroup.com

In re Florida Steel, LLC
   Bankr. S.D. Fla. Case No. 15-15391
      Chapter 11 Petition filed March 25, 2015
         See http://bankrupt.com/misc/flsb15-15391.pdf
         represented by: Susan D. Lasky, Esq.
                         SUSAN D. LASKY, P.A.
                         E-mail: ECF@suelasky.com

In re The Bland Family Trust
   Bankr. D. Md. Case No. 15-14079
      Chapter 11 Petition filed March 25, 2015
         See http://bankrupt.com/misc/mdb15-14079.pdf
         Filed Pro Se

In re Mark F. Connolly and Simei L. Connolly
   Bankr. D. Nev. Case No. 15-11590
      Chapter 11 Petition filed March 25, 2015

In re Salvatore DiPaolo
   Bankr. S.D.N.Y. Case No. 15-22384
      Chapter 11 Petition filed March 25, 2015

In re Unique Educational Experience, Inc.
   Bankr. E.D. Pa. Case No. 15-12012
      Chapter 11 Petition filed March 25, 2015
         See http://bankrupt.com/misc/paeb15-12012.pdf
         represented by: Allen B. Dubroff, Esq.
                         ALLEN B. DUBROFF, ESQ. & ASSOCIATES, LLC
                         E-mail: allen@dubrofflawllc.com

In re Sean Corbitt and Kelley Ann Corbitt
   Bankr. M.D. Tenn. Case No. 15-01954
      Chapter 11 Petition filed March 25, 2015

In re Affordable Home Builders and Properties, Inc.
   Bankr. W.D. Tenn. Case No. 15-22760
      Chapter 11 Petition filed March 25, 2015
         See http://bankrupt.com/misc/tnwb15-22760.pdf
         represented by: Russell W. Savory, Esq.
                         GOTTEN, WILSON, SAVORY & BEARD, PLLC
                         E-mail: russell.savory@gwsblaw.com

In re Murat Yanik
   Bankr. C.D. Cal. Case No. 15-11011
      Chapter 11 Petition filed March 26, 2015

In re NGL Enterprises, Inc.
   Bankr. C.D. Cal. Case No. 15-11517
      Chapter 11 Petition filed March 26, 2015
         See http://bankrupt.com/misc/cacb15-11517.pdf
         represented by: M. Jonathan Hayes, Esq.
                         SIMON RESNIK HAYES, LLP
                         E-mail: jhayes@srhlawfirm.com

In re North Port Tire, Inc.
   Bankr. M.D. Fla. Case No. 15-03013
      Chapter 11 Petition filed March 26, 2015
         See http://bankrupt.com/misc/flmb15-03013.pdf
         represented by: Joseph W. Lehn, Esq.
                         LEHN LAW, P.A.
                         E-mail: joe@lehnlaw.com

In re Kaspar Murphy Company LLC
   Bankr. N.D. Ill. Case No. 15-80805
      Chapter 11 Petition filed March 26, 2015
         See http://bankrupt.com/misc/ilnb15-80805.pdf
         represented by: Michael J. Davis, Esq.
                         DAVIS GREENE LAW LLC
                         E-mail: mdavis@davisgreenelaw.com

In re Bertelli Realty Group, Inc.
   Bankr. D. Mass. Case No. 15-30254
      Chapter 11 Petition filed March 26, 2015
         See http://bankrupt.com/misc/mab15-30254.pdf
         represented by: Andrea M. O'Connor, Esq.
                         HENDEL & COLLINS, P.C.
                         E-mail: aoconnor@hendelcollins.com

In re Charles A. Gillerson
   Bankr. D. Nev. Case No. 15-11649
      Chapter 11 Petition filed March 26, 2015

In re Robert R. Bailey, Inc., A New Mexico Corporation
   Bankr. D.N.M. Case No. 15-10745
      Chapter 11 Petition filed March 26, 2015
         See http://bankrupt.com/misc/nmb15-10745.pdf
         represented by: Gerald R. Velarde, Esq.
                         LAW OFFICE GERALD R. VELARDE, P.C.
                         E-mail: velardepc@hotmail.com

In re Barton Nachamie
   Bankr. E.D.N.Y. Case No. 15-71262
      Chapter 11 Petition filed March 26, 2015

In re Nathaniel William Hake and Amy Lynn Hake
   Bankr. S.D. Ohio Case No. 15-30933
      Chapter 11 Petition filed March 26, 2015

In re Medero Performance Center, Inc.
   Bankr. D.P.R. Case No. 15-02184
      Chapter 11 Petition filed March 26, 2015
         See http://bankrupt.com/misc/prb15-02184.pdf
         represented by: Carlos A. Ruiz Rodriguez, Esq.
                         E-mail: caruiz@reclamatusderechos.com

In re Milton R. Cutler
   Bankr. S.D. Tex. Case No. 5-31634
      Chapter 11 Petition filed March 26, 2015

In re Irene Del Carmen Pizarro
   Bankr. W.D. Tex. Case No. 15-50731
      Chapter 11 Petition filed March 26, 2015

In re YMY Express Corporation
   Bankr. W.D. Tex. Case No. 15-50732
      Chapter 11 Petition filed March 26, 2015
         See http://bankrupt.com/misc/txwb15-50732.pdf
         represented by: Jesse Blanco, Jr.
                         E-mail: jesseblanco@sbcglobal.net

In re Elite Nursing, PLLC
   Bankr. E.D. Wash. Case No. 15-01106
      Chapter 11 Petition filed March 26, 2015
         See http://bankrupt.com/misc/waev15-01106.pdf
         represented by: Joshua J. Busey, Esq.
                         BAILEY & BUSEY PLLC
                         E-mail: joshua.busey.attorney@gmail.com

In re East Bremerton Automotive and Retail Commercial
      Improvement Project, LLC
   Bankr. W.D. Wash. Case No. 15-11845
      Chapter 11 Petition filed March 26, 2015
         See http://bankrupt.com/misc/wawb15-11845.pdf
         represented by: Robert A. Garrison, Esq.
                         GSJONES LAW GROUP, P.S.
                         E-mail: bob@gsjoneslaw.com

In re Supermercado Phoenix Farms, LLC
   Bankr. D. Ariz. Case No. 15-03463
      Chapter 11 Petition filed March 27, 2015
         See http://bankrupt.com/misc/azb15-03463.pdf
         represented by: Harold E. Campbell, Esq.
                         CAMPBELL & COOMBS, P.C.
                         E-mail: heciii@haroldcampbell.com

In re Bahram Zartoshty
   Bankr. C.D. Cal. Case No. 15-11031
      Chapter 11 Petition filed March 27, 2015

In re Huntingdon Baptist Church, Inc.
   Bankr. D. Md. Case No. 15-14312
      Chapter 11 Petition filed March 27, 2015
         See http://bankrupt.com/misc/mdb15-14312.pdf
         represented by: David W. Cohen, Esq.
                         LAW OFFICE OF DAVID W. COHEN
                         E-mail: dwcohen79@jhu.edu

In re Mary Ellen Merusi
   Bankr. S.D.N.Y. Case No. 15-22392
      Chapter 11 Petition filed March 27, 2015

In re Humphreys Flowers, Inc.
   Bankr. E.D. Tenn. Case No. 15-11260
      Chapter 11 Petition filed March 27, 2015
         See http://bankrupt.com/misc/tneb15-11260.pdf
         represented by: David J. Fulton, Esq.
                         SCARBOROUGH & FULTON
                         E-mail: djf@sfglegal.com

In re R C A Digital Printing Corp
   Bankr. D.P.R. Case No. 15-02257
      Chapter 11 Petition filed March 28, 2015
         See http://bankrupt.com/misc/prb15-02257.pdf
         represented by: Modesto Bigas Mendez, Esq.
                         MODESTO BIGAS LAW OFFICE
                         E-mail: modestobigas@yahoo.com

In re Gregory Dean Alfred
   Bankr. D. Colo. Case No. 15-13104
      Chapter 11 Petition filed March 29, 2015

In re Rafael G. Diaz
   Bankr. S.D. Fla. Case No. 15-15620
      Chapter 11 Petition filed March 29, 2015

In re Henry E. Harris, Jr.
   Bankr. M.D. Ga. Case No. 15-10368
      Chapter 11 Petition filed March 29, 2015

In re Roderick R. Barton
   Bankr. D. Mass. Case No. 15-30263
      Chapter 11 Petition filed March 29, 2015

In re Brian J. Benner
   Bankr. E.D. Mich. Case No. 15-44890
      Chapter 11 Petition filed March 29, 2015

In re Winston T. Capel and Noelani Capel
   Bankr. S.D. Miss. Case No. 15-01039
      Chapter 11 Petition filed March 29, 2015

In re Mary Ellen Merusi
   Bankr. S.D.N.Y. Case No. 15-22392
      Chapter 11 Petition filed March 29, 2015

In re Keith Valaer Sessoms and Pamela Snyder Sessoms
   Bankr. M.D.N.C. Case No. 15-10335
      Chapter 11 Petition filed March 29, 2015

In re Igor Kreychman and Zoya Kreychman
   Bankr. C.D. Cal. Case No. 15-11077
      Chapter 11 Petition filed March 30, 2015

In re Bonnie Caudle
   Bankr. N.D. Cal. Case No. 15-51032
      Chapter 11 Petition filed March 30, 2015

In re Platinum 5 Star Transport, Inc.
   Bankr. M.D. Fla. Case No. 15-01397
      Chapter 11 Petition filed March 30, 2015
         See http://bankrupt.com/misc/flmb15-01397.pdf
         represented by: Angela M. Ball, Esq.
                         ANGELA M. BALL, P.A.
                         E-mail: aball_law@hotmail.com

In re Donna L. Johnson
   Bankr. N.D. Fla. Case No. 15-50105
      Chapter 11 Petition filed March 30, 2015

In re Enclave Shores Condominium Association, Inc.
   Bankr. S.D. Fla. Case No. 15-15729
      Chapter 11 Petition filed March 30, 2015
         See http://bankrupt.com/misc/flsb15-15729.pdf
         represented by: Brian S. Behar, Esq.
                         BEHAR, GUTT & GLAZER, P.A.
                         E-mail: bsb@bgglaw.net

In re Sirdah Enterprises, Inc.
   Bankr. N.D. Ga. Case No. 15-55724
      Chapter 11 Petition filed March 30, 2015
         See http://bankrupt.com/misc/ganb15-55724.pdf
         represented by: Ravena B. Lottie, Esq.
                         BASKERVILLE LOTTIE & ASSOCIATES, LLC
                         E-mail: rblottie@gmail.com

In re Classic Capital Group, LP
   Bankr. E.D. Pa. Case No. 15-12130
      Chapter 11 Petition filed March 30, 2015
         See http://bankrupt.com/misc/paeb15-12130.pdf
         represented by: Leslie Beth Baskin, Esq.
                         SPECTOR GADON ROSEN, P.C.
                         E-mail: lbaskin@lawsgr.com

In re Moxie Automotive, Inc.
   Bankr. M.D. Pa. Case No. 15-01278
      Chapter 11 Petition filed March 30, 2015
         See http://bankrupt.com/misc/pamb15-01278.pdf
         represented by: Chad J. Julius, Esq.
                         JACOBSON, JULIUS & MCPARTLAND
                         E-mail: cjulius@ljacobsonlaw.com

In re Rudolf Kurt Meier, 3rd and Billie Ann Meier
   Bankr. D.N.J. Case No. 15-15618
      Chapter 11 Petition filed March 30, 2015

In re Gracy Gonzalez
   Bankr. S.D.N.Y. Case No. 15-35576
      Chapter 11 Petition filed March 30, 2015



                            *********

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

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

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

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

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

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

                            *********

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

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

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

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

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

                   *** End of Transmission ***