TCR_Public/150410.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, April 10, 2015, Vol. 19, No. 100

                            Headlines

315 W 35TH ASSOCIATES: Files Ch. 11 to Sell NY Property for $40MM
315 W 35TH ASSOCIATES: Files Schedules of Assets and Liabilities
ACCESS CIG: Moody's Cuts Corp. Family Rating to B3, Outlook Stable
ADAMIS PHARMACEUTICALS: Auditor Expresses Going Concern Doubt
ALLIED NEVADA: EKS&H Expresses Going Concern Doubt

ALLY FINANCIAL: Fitch Affirms 'BB+' IDR; Outlook Stable
AMERICAN AIRLINES: Fitch Retains BB+ Rating on $1.15BB Facility
AMERICAN EAGLE: Gets More Time to Strike Debt Deal
AMERICAN EAGLE: Moody's Cuts Probability of Default Rating to D-PD
AMERICAN EAGLE: Obtains Forbearance From Ad Hoc Bondholders

BPZ RESOURCES: Seeking More Funding, Provides Drilling Update
BRAGG COMMUNICATIONS: Moody's Affirms 'Ba2' Corp Family Rating
CACHE INC: Creditors Push for Chapter 7 Bankruptcy
CAESARS ENTERTAINMENT: $468-Mil. Dispute Set for August Trial
CAPROCK OIL: MaloneBailey Expresses Going Concern Doubt

COLDWATER CREEK: Judge Extends Deadline to Remove Suits to July 3
CONNEAUT LAKE: Wants to Extend Plan Filing Deadline to June 30
DISCOVER FINANCIAL: Fitch Affirms 'BB-' Rating on Preferred Stock
DOLLAR TREE: No Ratings Impact on Merger Yet, Moody's Says
DRYSHIPS INC: Major Investor Sells Holdings

ECO BUILDING: Appoints Four Board Members
ERIE HOCKEY: Case Summary & 20 Largest Unsecured Creditors
EVERYWARE GLOBAL: Proposes Prime Clerk as Claims Agent
EVERYWARE GLOBAL: Receives Nasdaq Delisting Notice
EVERYWARE GLOBAL: To Limit Trading to Protect NOLs

EXIDE TECHNOLOGIES: Baker Botts Files Supplemental Declaration
EYL INVESTMENT: Case Summary & 4 Largest Unsecured Creditors
FIDELITY & GUARANTY: Fitch Retains 'BB' IDR on HRG Announcement
FOUNDATION HEALTHCARE: Grant Christianson Quits as Officer
GARLOCK SEALING: Deadline to Remove Suits Extended to Sept. 30

GBG RANCH: Deadline to File Claims Report Extended to May 1
GENOA: Moody's Assigns 'B2' Corporate Family Rating
GREENSHIFT CORP: Rosenberg Expresses Going Concern Doubt
GT ADVANCED: Asks Court to Approve Deal With Kerry Logistics
HIGH RIDGE MANAGEMENT: Case Summary & 8 Largest Unsecured Creditors

HIGH RIDGE MANAGEMENT: Seeks Chapter 11 Protection in Florida
HIPCRICKET INC: Creditors Have Until May 4 to File Proofs of Claim
HOP 1 ENTERPRISES: Files for Chapter 11 Bankruptcy Protection
JOHN EMMONS TAEKWONDO: Case Summary & 5 Top Unsecured Creditors
JOLIE HOLDINGS: Case Summary & Largest Unsecured Creditor

KARMALOOP INC: US Trustee Forms Unsecured Creditors' Committee
KIOR INC: Ch. 11 Plan Goes to June 3 Confirmation Hearing
LA4EVER LLC: Case Summary & Largest Unsecured Creditors
LEGACY HOME HEALTH: Case Summary & 20 Largest Unsecured Creditors
LITTLEFORD DAY: Files for Chapter 11; Might Sell Co. to Loedige

LOCAL CORP: BDO USA Expresses Going Concern Doubt
LONGVIEW POWER: Asks Court to Extend Deadline to Remove Suits
MARINA BIOTECH: Amends $25 Million Securities Prospectus
MEDBOX INC: Marcum LLP Raises Going Concern Doubt
MILACRON INTERMEDIATE: Moody's Cut Corporate Family Rating to B3

MOUNTAIN PROVINCE: Closes $370 Million Term Loan Facility
MUSSI REALTY: Voluntary Chapter 11 Case Summary
NAVIENT CORP: Fitch Affirms 'BB' Issuer Default Rating
NEUROTROPE INC: Friedman Expresses Going Concern Doubt
PARTY CITY: Moody's Says IPO Filing is Credit Positive

PHOTOMEDEX INC: no!no! Brand Returns to Japan
PITT ELECTRIC: Case Summary & 20 Largest Unsecured Creditors
PREMIER EXHIBITIONS: Shareholder Call Moved to April 9
PULSE ELECTRONICS: AB Value, et al., Own 9.9% Stake as of April 6
REVSTONE INDUSTRIES: Unit Has Until June 30 to Remove Suits

RIZZO BOTTIGLIERI: Chapter 15 Case Summary
RIZZO BOTTIGLIERI: Seeks U.S. Recognition of Italian Proceedings
SENIOR DENTAL SERVICES: Voluntary Chapter 11 Case Summary
SHOAL GAMES: Davidson & Company Expresses Going Concern Doubt
SHORELINE ENERGY: Files for Creditor Protection Under CCAA

SOLAR PLUS: Case Summary & 20 Largest Unsecured Creditors
SOLAR POWER: To Acquire 100% Interest in "Aerojet"
TENET HEALTHCARE: London Company Holds 5.1% Stake as of March 31
THE AUTOPORT: Owners File for Ch 11 to Ward Off Sheriff's Sale
TOLLENAAR HOLSTEINS: Genske Mulder Application Approved

TRIBUNE CO: Three Largest Shareholders to Sell 25% of Stake
VIPER VENTURES: Seeks to Tap Stearns Weaver as Real Estate Counsel
VISCOUNT SYSTEMS: Further Losses Expected in the Future
VYCOR MEDICAL: Fountainhead Holds 49.9% Stake as of March 31
WALKER LAND: Court to Confirm Debtor's Plan

XINERGY LTD: Says Weakness in Market for Coal Erodes Cash Position
XZERES CORP: Paul DeBruce Reports 26.5% Stake as of April 6
XZERES CORP: Ravago Holdings Plans Going-Private Acquisition
YARWAY CORP: Court Confirms Tyco-Sponsored Reorganization Plan
[*] Fitch Affirms 5 U.S. Consumer Finance Cos. Following Peer Revie

[*] Perella Weinberg To Rebuild After Departures
[^] BOOK REVIEW: AS WE FORGIVE OUR DEBTORS: Bankruptcy and Consumer

                            *********

315 W 35TH ASSOCIATES: Files Ch. 11 to Sell NY Property for $40MM
-----------------------------------------------------------------
315 W 35th Associates LLC, owner of a property located at 315 West
35th Street, in New York, commenced a bankruptcy case to stop a
receiver from pursuing a "fire sale".

The Debtor says in a court filing that it has marketed the
property.   The Debtor has a prospective buyer for an amount of $40
million that, upon closing, will pay all of the creditors in full
and leave a surplus for the equity interests.  The Debtor says it
just needs a relatively short period of time to arrange for the
closing.

The Debtor has filed the Chapter 11 case in order to allow for a
closing with the potential purchaser at a contract price that will
pay all the Debtor's obligations and allow an excess for the equity
interests.  This is more advantageous than a "fire sale" of the
property at a foreclosure sale, the Debtor contends.

The Debtor did not identify the buyer in court filings.

The Debtor on Oct. 30, 2013, signed a $31,500 for John Young to
sell the property.  The contract was the lone entry in the Debtor's
required schedule of executory contracts.

The Debtor expects no operating income for the next 30 days.  The
only expenses are those for legal fees, which have been funded by
certain of the equity interests of the Debtor.  The Debtor says no
payment to managers or members will be made in the next 30 days.

The Debtor purchased the property on March 2006 as an investment
and in anticipation of developing the site.  Unfortunately, the
Debtor's developer encountered financial difficulties and could not
proceed.

The Debtor's equity holders are S&B W.35th LLC and Haisha Deutch.

                             Lawsuits

The Debtor is involved in a foreclosure action and a breach of
contract action.  The lawsuits are:

    1. Mazel 315 West 35th LLC v. 315 W 35th Associates, LLC,
Supreme Court, New York County, Index No. 652627/2001.

    2. Motovich Holdings, LLC v. 315 W. 35th Associates, LLC,
Supreme Court, New York County, Index 602831/2008.

In July 2007, the Debtor entered into a contract of sale with
Motovich Holdings, LLC.  They were unable to close and the parties
are involved in litigation concerning breach of contract claims.
As a result of the financial crisis of 2008, further attempts to
refinance the project and develop it were of no avail.

The lone secured creditor of the Debtor is Mazel 315 West 35th LLC,
which is represented by the law firm of Meister Seelig & Fine, LLP,
in New York.  As a result of the foreclosure action by Mazel, the
property is subject to the appointment of a receiver, William
Bagliebter.  A foreclosure sale was scheduled for April 9, 2015.

The Chapter 11 stays the foreclosure sale.

                    About 315 W 35th Associates

315 W 35th Associates LLC, owner of a parcel of real estate located
at 315 West 35th Street, New York, sought Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Case No. 15-10877) on
April 8, 2015.  

The Debtor, a Single Asset Real Estate, says the property is worth
$40 million.  Its liabilities total $30.7 million.

The Debtor tapped M. David Graubard, Esq., at Kera & Graubard, in
New York, as bankruptcy counsel.

According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due Aug. 6, 2015.  The initial case
conference is due by May 8, 2015.


315 W 35TH ASSOCIATES: Files Schedules of Assets and Liabilities
----------------------------------------------------------------
315 W 35th Associates LLC filed schedules disclosing that its
property at 315 West 35th Street, in New York is worth $40 million.
The property was pledged as collateral to Mazel 315 West 35th LLC,
which is owed $24.4 million.

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

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $40,000,000
  B. Personal Property                    $0
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $24,393,709
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $27,300
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $6,290,603
                                 -----------      -----------
        TOTAL                    $40,000,000      $30,711,612

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

      http://bankrupt.com/misc/nysb15-10877_SAL.pdf

                    About 315 W 35th Associates

315 W 35th Associates LLC, owner of a parcel of real estate located
at 315 West 35th Street, New York, sought Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Case No. 15-10877) on April 8, 2015.  

The Debtor tapped M. David Graubard, Esq., at Kera & Graubard, in
New York, as bankruptcy counsel.

According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due Aug. 6, 2015.  The initial case
conference is due by May 8, 2015.


ACCESS CIG: Moody's Cuts Corp. Family Rating to B3, Outlook Stable
------------------------------------------------------------------
Moody's Investors Service downgraded Access CIG LLC's Corporate
Family Rating (CFR) and Probability of Default Rating to B3 and
B3-PD, respectively. Moody's also lowered the company's first lien
credit facilities ratings, consisting of its a $40 million
revolving credit facility and $392 million first lien term loan
(including the proposed $50 million incremental facility) to B2
from B1, and its $152 million second lien term loan to Caa2 from
Caa1. Proceeds from the incremental term loan will be used to repay
approximately $30 million of outstanding revolver borrowings,
pre-fund cash to the balance sheet for future acquisitions and pay
associated transaction expenses.

The CFR downgrade to B3 from B2 reflects Moody's view that the
company's projected free cash flow is materially lower than
previously anticipated and will delay the company's progress in
reducing its very high debt-to-EBITDA leverage over the next 12-18
months. On a pro forma basis for recent acquisitions, Moody's
expects Access' debt-to-EBITDA leverage (incorporating Moody's
standard analytical adjustments) to be approximately 7.3 times for
the twelve months ended September 30, 2014.

Moody's took the following rating actions on Access CIG, LLC:

  -- Corporate Family Rating, downgraded to B3 from B2

  -- Probability of Default Rating, downgraded to B3-PD from B2-PD

  --- $40 million first lien revolving credit facility due 2019,
      downgraded to B2 (LGD3) from B1 (LGD3)

  --- $392 million first lien term loan due 2021(including
      proposed $50 million add-on), downgraded to B2 (LGD3) from
      B1 (LGD3)

  --- $152 million second lien term loan due 2022, downgraded to
      Caa2 (LGD5) from Caa1 (LGD5)

RATINGS RATIONALE

Access's B3 Corporate Family Rating reflects its high pro forma
leverage, small revenue base, highly acquisitive growth strategies
and a lack of a track record of operating at its current scale.
Access' revenues for fiscal 2014 are estimated to be approximately
$180 million (including full year effect of prior acquisitions).
Moody's believes that over time organic growth in the company's
high margin document storage business will be increasingly
constrained by the ongoing secular shift away from paper towards
electronic media and business growth will be primarily driven by
small acquisitions that Moody's views as a cost-effective source of
new customers. At the same time, the company's credit profile
benefits from its highly recurring records storage revenues
(approximately 60% of total revenue), high EBITDA margins of
approximately 40% and expected modest growth in outsourcing of
document storage in the small and medium business (SMB) market
segment, which is the company's primary area of focus. Access'
revenues have high geographic and customer diversity within the US,
with historically strong client retention rates.

Access has an adequate liquidity profile upon completion of the
proposed add-on term loan supported by $25 million of pro forma
cash, less than $5 million of projected free cash flow, and an
undrawn $40 million revolver expiring in 2019. The cash sources
provide adequate coverage to fund future cash shortfalls over the
next 12 to 18 months. The revolver is subject to a springing net
leverage ratio if utilization exceeds 30% but there are no
covenants on the term loans.

The stable rating outlook reflects Moody's view that the company's
credit metrics will slightly improve over the next 12 to 18 months.
The stable rating outlook also anticipates that Access will
successfully complete integration of recent acquisitions, realize
cost synergies as expected while maintaining at least an adequate
liquidity profile.

The ratings could be downgraded if the company faces top-line and
earnings pressure such that financial leverage increases, or if
operating margin, cash flow, or sources of liquidity were to
deteriorate.

Given Access' high financial leverage and modest scale a ratings
upgrade is not expected in the intermediate term. Profitable
revenue growth that leads to a material reduction in leverage, free
cash flow in excess of 5% of total debt, and a good liquidity
position is necessary for an upgrade.

Headquartered in Livermore, CA, Access Information Management
provides records and information management services primarily to
small and medium enterprises in the US



ADAMIS PHARMACEUTICALS: Auditor Expresses Going Concern Doubt
-------------------------------------------------------------
Adamis Pharmaceuticals Corporation filed with the U.S. Securities
and Exchange Commission its annual report on Form 10-K for the
transition period from Apr. 1, 2014 to Dec. 31, 2014.

Mayer Hoffman McCann P.C. expressed substantial doubt about the
Company's ability to continue as a going concern, citing that the
Company has incurred recurring losses from operations, and is
dependent on additional financing to fund operations.

The Company reported a net loss of $9.32 million on $nil of revenue
for the nine months ended Dec. 31, 2014, compared with a net loss
of $8.16 million on $nil of revenue for the twelve months ended
March 31, 2014.

The Company's balance sheet at Dec. 31, 2014, showed $12.9 million
in total assets, $3.39 million in total liabilities and total
stockholders' equity of $9.5 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/dUGoQK
                          
                           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.


ALLIED NEVADA: EKS&H Expresses Going Concern Doubt
--------------------------------------------------
Allied Nevada Gold Corp. filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K for the year
ended Dec. 31, 2014.

EKS&H LLLP expressed substantial doubt about the Company's ability
to continue as a going concern, citing that on March 10, 2015,
Allied Nevada Gold Corp. and certain of its direct and indirect
subsidiaries, filed voluntary petitions for relief and
reorganization under chapter 11 of title 11 of the United States
Bankruptcy Code in the United States Bankruptcy Court for the
District of Delaware under Case No. 15-10503.

The Company reported a net loss of $519 million on $310 million for
the year ended Dec. 31, 2014, compared with net income of $1.4
million on $268 million in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $941 million
in total assets, $664 million in total liabilities, and
stockholders' equity of $278 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/0Hk2RN
                          
                       About Allied Nevada

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

ANV's common stock trades on the NYSE and the TSX.

ANV was spun off from Vista Gold Corp. in 2006 and began operations

in May 2007.  Nevada-based mining properties acquired from Vista
include the Hycroft Mine, an open-pit heap leach operation located

54 miles west of Winnemucca, Nevada.  ANV controls 75 exploration
properties throughout Nevada as of Dec. 31, 2014.

On March 10, 2015, ANV and 13 affiliated debtors each filed a
voluntary petition for relief under Chapter 11 of the United States

Bankruptcy Code in the United States Bankruptcy Court for the
District
of Delaware.  The Debtors have requested that their cases be
jointly
administered under Case No. 15-10503.  The cases are assigned to
Judge Mary F. Walrath.

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

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


ALLY FINANCIAL: Fitch Affirms 'BB+' IDR; Outlook Stable
-------------------------------------------------------
Fitch Ratings has affirmed Ally Financial's long-term Issuer
Default Rating (IDR) at 'BB+' and short-term IDR at 'B'. The Rating
Outlook is Stable.

Ally's rating review was conducted as part of Fitch's periodic peer
review of U.S. consumer finance companies.

KEY RATING DRIVERS - IDRs, Senior Unsecured Debt, Short-term Debt,
Subordinated Debt, Preferred Shares, Support Rating, Support Rating
Floor and Viability Rating

The rating affirmations and Stable Outlook reflect Ally's strong
franchise, leading market position in the U.S. auto finance
industry, high credit quality assets, diverse funding base, ample
liquidity, adequate risk-adjusted capitalization and seasoned
management team.

Rating constraints include Ally's concentrated and cyclical
business model, reliance on wholesale funding sources, potential
increased price sensitivity of internet deposits, lackluster
financial performance relative to peers and stated targets,
execution risk associated with growing non-GM/Chrysler originations
and expanding into new products, and continued elevated regulatory,
legislative and litigation risk.

Profitability has continued to improve, albeit off of a modest
base, supported by strong growth in auto originations, expanding
margins due to liability management efforts and expense
rationalization.  Net income increased to $1.15 billion in 2014, up
from $361 million in the prior year period.  Return on average
assets (ROA) increased to 0.8% in 2014, up 60 basis points (bps)
from the year-ago period.  Core return on average tangible common
equity (ROTCE) increased to 7.9% in 2014, up from 3.1% in 2013.

Fitch expects operating performance to continue to improve in 2015,
supported in part by economic growth, further improvement in the
U.S. labor market, stable albeit normalizing credit performance and
incremental margin expansion.  Furthermore, Fitch expects Ally's
management team to remain focused on expense rationalization and
liability management to enhance operating efficiency and financial
returns.  Ally expects to generate a core ROTCE between 9% and 11%
in 2015, in line with the company's long-term financial target of
earning a double-digit core ROTCE.

Consumer auto originations remain strong, reflecting in part Ally's
expanded presence in the used vehicle and nonprime auto finance
market.  Non-GM/Chrysler auto originations increased to $8.3
billion in 2014, up 45% from the prior year period.  Used vehicle
originations increased to $11.7 billion in 2014, up 18% from the
prior year period.  Over the near term, Fitch expects growth in
these channels to be at least partly offset by declining subvented
volume from General Motors Company (GM, rated 'BB+', Positive
Outlook) and Fiat Chrysler Automobiles N.V. (Chrysler, rated 'BB-',
Stable Outlook).

Ally recently disclosed that in Jan 2015, GM informed its dealers
that it would provide lease subvention programs for Buick, GMC, and
Cadillac products exclusively through its wholly-owned subsidiary,
General Motors Financial Company, Inc. (GMF, 'BB+', Positive
Outlook).  In February 2015, GM informed Ally that it would also
provide lease subvention programs for Chevrolet exclusively through
GMF.  Ally's total originations during 2014 of $41 billion included
$9.3 billion of GM lease originations and $4 billion of GM
subvented loan originations.  Buick, GMC, Cadillac, and Chevrolet
leases combined accounted for roughly 23% of Ally's total
originations during 2014.

Despite the loss of GM subvented lease volume, Ally is still
targeting origination volume in the high $30 billion range in 2015.
Fitch believes the target is potentially achievable given Ally's
market position and the growing U.S. auto finance market, but
reaching it will pose challenges and may lead to growth in
potentially higher risk areas in an effort to meet shareholder
expectations.

Credit performance continues to gradually normalize.  Fitch
estimates that retail auto net charge-offs increased to 89bps in
2014, up 16bps from the year-ago period, but remained well below
historical levels.  Retail auto 30+ day delinquencies increased to
2.73% of total loans, up 38bps from year-ago period.  Reserve
coverage remained strong at 177% of total nonperforming assets and
1.4x net charge-offs at Dec. 31, 2014.  Fitch expects credit
performance will continue to normalize, driven primarily by a
portfolio mix shift and loan seasoning although the credit
environment is expected to remain fairly benign over the near
term.

In addition to internet-based deposits, Ally utilizes a diverse mix
of other sources across various debt markets (e.g. unsecured debt
markets, securitizations, bank loans).  Fitch views this strategy
positively as it reduces concentration risk and provides more
funding flexibility in the event that wholesale funding sources
(securitization and public debt markets) dry up or become cost
prohibitive, or if the online deposit platform experiences material
outflows in a rising interest rate environment.

At Dec. 31, 2014, Fitch estimates deposits represented 44% of
Ally's total funding with secured debt accounting for 36% and
unsecured accounting for 20% of total funding.  Short-term
wholesale funding, including $3.3 billion of unsecured demand
notes, represented only 5% of Ally's total funding at Dec. 31,
2014.

Ally maintains adequate liquidity with $16.6 billion of total
consolidated liquidity at year-end 2014.  This compares to
unsecured debt maturities of $4.9 billion over the next 12 months.
At the parent company, Ally had $8.8 billion of total liquidity
including $3.4 billion of committed unused capacity on its credit
lines as of the same date.  Fitch views unused credit line capacity
as potentially less reliable than cash or high-quality liquid
assets, given that it generally requires eligible assets to
collateralize incremental funding.  Fitch believes the amount of
eligible assets could be reduced during a period of market stress,
thereby affecting the company's liquidity position.

That said, Ally's loan portfolio is mostly unencumbered reflecting
the company's high mix of deposit and unsecured funding.
Additionally, on March 10, 2015, Ally announced that it had
upsized, renewed, and extended its credit facilities at both the
parent company and Ally Bank.  Combined these facilities provide
$12.5 billion in total funding with $8 billion available to the
parent company and $4.5 billion available to Ally Bank.  Both
facilities are secured and mature in March 2017.  Furthermore, Ally
expects to be compliant with the modified liquidity coverage ratio
(LCR) requirement beginning Jan. 1, 2016, subject to the transition
period.

Ally remains well capitalized, as reflected by Basel I Tier I
capital and Tier I common ratios of 12.5% and 9.6%, respectively,
as of Dec. 31, 2014.  The company estimates that the fully
phased-in Basel III Tier I common ratio was 9.7% at Dec. 31, 2014.
Fitch views the company's capital position as adequate given the
risk profile of its balance sheet.

On March 11, 2015, Ally announced that is received a non-objection
on its capital plan from the Federal Reserve.  Ally's capital plan
includes the redemption of $1.3 billion of its preferred
securities, series G outstanding in April 2015, among other
actions.  Ally provided a redemption notice for these securities
with a redemption date of April 10, 2015.  In connection with the
transaction, Ally expects to incur a $1.2 billion charge to common
capital in the second quarter of 2015.  Pro forma for this
transaction, Fitch estimates Ally's Tier I common ratio was 8.7% at
Dec. 31, 2014.

The Support Ratings (SRs) of '5' reflect Fitch's view that external
support cannot be relied upon.  The Support Rating Floors (SRFs) of
'No Floor' reflect Fitch's view that there is no reasonable
assumption that sovereign support will be forthcoming to Ally.

Ally's perpetual preferred securities, series A rating is four
notches below the Ally's VR of 'bb+' in accordance with Fitch's
assessment of each instruments respective non-performance and
relative loss severity risk profile.  The securities are
non-cumulative, are nonredeemable prior to May 15, 2016, and pay a
fixed rate of 8.5% per annum.  Beginning on May 15, 2016, dividends
will accrue at a LIBOR-based floating rate.

The rating assigned to the trust preferred securities, series 2
issued out of GMAC Capital Trust I is one notch higher than the
perpetual preferred securities, series A reflecting the
subordination of the series A securities, as they rank junior to
the trust preferred securities.

RATING SENSITIVITIES - IDRs, Senior Unsecured Debt, Short-term
Debt, Subordinated Debt, Preferred Shares, Support Rating, Support
Rating Floor and VR

Positive ratings momentum could potentially be driven by further
improvements in profitability and operating fundamentals,
successful execution against strategic plans including growth in
non-GM/Chrysler channels and new products, measured growth in the
currently competitive lending environment without material
deterioration in asset quality, and additional actions to further
enhance funding and liquidity sources while maintaining strong
capital levels at both the parent and Ally Bank.  In particular,
durability of the internet-based deposit platform in a rising rate
environment will be a key determinant in evaluating the strength of
Ally's funding profile.

A material decline in profitability or asset quality, reduced
capital and liquidity levels, an inability to access the capital
markets for funding on reasonable terms, and non-compliance with
potential new and more onerous rules and regulations are among the
drivers that could generate negative rating momentum.

In particular, Fitch remains focused on Ally's aspirations for 2015
portfolio originations in the high $30 billion range, while moving
the portfolio mix more towards other origination channels (e.g.
used vehicles, nonprime originations) and away from GM lease
subvention in the face of what is an increasingly competitive
environment.  To the extent that the risk profile of Ally's
portfolio outpaces reduced residual value risk (via GM lease
subvention declines), Ally's ratings or Outlook could be
pressured.

Fitch has affirmed these ratings:

Ally Financial Inc.
   -- Long-term IDR at 'BB+';
   -- Senior unsecured debt at 'BB+';
   -- Viability rating at 'bb+';
   -- Perpetual preferred securities, series A at 'B';
   -- Short-term IDR at 'B';
   -- Short-term debt at 'B';
   -- Support rating at '5';
   -- Support Floor at 'NF'.

GMAC Capital Trust I
   -- Trust preferred securities, series 2 at 'B+'.

GMAC International Finance B.V.
   -- Long-term IDR at 'BB+';
   -- Short-term IDR at 'B';
   -- Short-term debt at 'B';
   -- Senior unsecured debt at 'BB+'.

The Rating Outlook is Stable.



AMERICAN AIRLINES: Fitch Retains BB+ Rating on $1.15BB Facility
---------------------------------------------------------------
Following the announcement by American Airlines, Inc. (American)
that it would re-price and alter the collateral package for its
$1.15 billion senior secured credit facility, Fitch's ratings on
the facility remain unchanged at 'BB+/RR1'.

American entered the $1.15 billion senior secured credit facilities
in September of 2014.  The facilities consist of a $400 million
five-year revolver and a $750 million seven-year term loan.  The
term loan is scheduled to amortize at 1% per annum with the
remainder due at maturity.

The facility was originally collateralized by American's slots,
gates and routes (SGR) used in all of its services to and from
London Heathrow, and flights between the U.S. and Tokyo Narita,
flights between Chicago and Shanghai and Chicago to Beijing.  The
credit facility as amended will no longer include the Asian assets
but will add US Airways' SGR collateral related to its operations
to Heathrow.  As a result, the total value of the collateral
included encumbered under the transaction will decline, but the
facility remains well over collateralized.  In addition, the
collateral coverage covenants in the transaction remain unchanged
at a minimum of 1.6x.

In a going-concern scenario (which Fitch considers the most likely
scenario), recovery values are supported by the underlying
collateral's strategic importance to AAL.  London Heathrow is a
slot constrained airport in a key business market, making these
slots and route authorities valuable assets.  Therefore, first lien
holders would be expected to hold significant sway in any future
reorganization.

Fitch's recovery analysis focuses on a 'going-concern' valuation in
which distressed enterprise value (EV) is allocated to the various
classes of debt in the company's capital structure.  In its
analysis, Fitch generates a conservative estimate for a
going-concern EBITDA and then applies a multiple to determine
distressed EV.  Fitch's analysis results in an estimated recovery
of at least 91% to the entire credit facility (term loan and
revolver), which equates to an 'RR1' rating under Fitch's recovery
analysis criteria.

Fitch currently rates American as:

American Airlines Group Inc.
   -- IDR 'B+';
   -- Senior Unsecured Notes at 'B+/RR4'.

American Airlines, Inc.
   -- IDR at 'B+';
   -- Senior secured credit facility at 'BB+/RR1';

US Airways Group, Inc.
   -- IDR at 'B+';
   -- Senior Unsecured Notes at 'B+/RR4'.

US Airways, Inc.
   -- IDR at 'B+';
   -- Senior secured credit facility at 'BB+/RR1'.



AMERICAN EAGLE: Gets More Time to Strike Debt Deal
--------------------------------------------------
Stephanie Gleason, writing for Daily Bankruptcy Review, reported
that exploration and production company American Eagle Energy Corp.
has reached a deal with half of its bondholders, after skipping a
March interest payment, that gives the company and its debt holders
more time to work out the terms of a restructuring agreement.

According to the report, citing financial disclosures, more than
half of the holders of American Eagle's $175 million in bonds
agreed to forbear until May 15 in exchange for a partial interest
payment.

                      About American Eagle

Littleton, Colorado-based American Eagle Energy Corporation is
engaged in the acquisition, exploration and development of oil and
gas properties.  The Company is primarily focused on extracting
proved oil reserves from those properties.

                          *     *     *

As reported by the The Troubled Company Reporter in March 2015,
Standard & Poor's Ratings Services lowered its corporate credit and
issue-level ratings on American Eagle Energy Corp. to 'D' from
'CCC+'.

"We lowered the rating after American Eagle missed an interest
payment for $9.8 million due March 2, 2015, on its $175 million
senior secured notes due 2019," said Standard & Poor's credit
analyst Christine Besset.

The TCR reported on Jan. 26, 2015, that Moody's Investors Service
downgraded American Eagle's Corporate Family Rating to 'Ca' from
'Caa1'.

"The downgrade of American Eagle Energy's ratings reflect the
company's weak liquidity profile and unsustainable capital
structure," commented Gretchen French, Moody's vice president.
"With the company facing cyclically low oil prices in 2015 and
into 2016, the risk of default or a debt restructuring, including
the potential for a distressed exchange, has increased."


AMERICAN EAGLE: Moody's Cuts Probability of Default Rating to D-PD
------------------------------------------------------------------
Moody's Investors Service downgraded American Eagle Energy
Corporation's (American Eagle Energy or AMZG) Probability of
Default Rating (PDR) to D-PD from Ca-PD following the company's
failure to make an interest payment within the 30-day grace period.
At the same time, Moody's affirmed AMZG's Ca Corporate Family
Rating (CFR), Ca senior secured note rating, and SGL-4 Speculative
Grade Liquidity Rating. The rating outlook is stable.

This rating action is in response to AMZG not making the required
interest payments within the contractual grace period on its
secured notes outstanding, which Moody's views as a default. If
AMZG files for bankruptcy, then all the ratings withdrawn shortly
thereafter.

American Eagle Energy Corporation:

Rating Downgrade:

-- Probability of Default Rating, Downgraded to D-PD from Ca-PD

Rating Affirmations:

-- Corporate Family Rating, at Ca

-- $175 Million Secured Notes due in 2019, at Ca (LGD 3)

-- Speculative Grade Liquidity Rating, at SGL-4

Outlook Actions:

-- Outlook, Remains Stable

RATINGS RATIONALE

The downgrade of the AMZG's PDR to D-PD from Ca-PDR reflects the
default under the company's $175 million secured notes due 2019 and
a high risk of bankruptcy filing in the near term. On March 31,
2015, AMZG did not make the interest payment of $9.8 million within
the 30-day grace period on its secured notes due 2019. Moody's
treats missed interest payments on the senior notes beyond the
30-day grace period as a default.

AMZG announced on March 2, 2015 that it had intended to use the
30-day grace period to evaluate liquidity strategies and had not
yet determined whether the interest payment would be made. The
company is currently pursuing debt restructuring, asset sales, and
capital raising efforts in order to remain a going concern. On
April 7, 2015, AMZG announced that it has entered into a 45-day
forbearance period with four holders of the notes that ends May 15,
2015 and a partial interest payment of $4.0 million was made on
April 2, 2015. If it is unsuccessful in its restructuring efforts,
it may file a voluntary petition for reorganization relief under
Chapter 11 of the Bankruptcy Code.

The Ca CFR and Ca notes ratings reflect both the default on the
notes and Moody's view on the potential overall recovery of in the
40%-50% range.

American Eagle Energy Corporation is an independent oil and gas
exploration and production company headquartered in Littleton, CO.



AMERICAN EAGLE: Obtains Forbearance From Ad Hoc Bondholders
-----------------------------------------------------------
American Eagle Energy Corporation announced that on April 2, 2015,
the following events occurred in respect of the Notes that the
Company sold in August 2014:

   * The Company entered into a Forbearance Agreement with four
     holders, who collectively own or manage in excess of 50%
     (face amount) of the August Notes;

   * The Company tendered the sum of $4 million as a partial
     interest payment to U.S. Bank National Association, as
     trustee under an Indenture, dated as of Aug. 27, 2014,
     pursuant to which, among other things, the Company issued the

     August Notes to the holders thereof, some of whom are members

     of the Ad Hoc Group, which partial interest payment left the
     Company in default as to approximately $5.8 million of unpaid

     interest as of April 1, 2015, as well as certain other fees,
     expenses and other amounts that are chargeable or otherwise
     reimbursable under the Indenture and the other related
     documents;

   * The Company received a letter from SunTrust Bank, as control
     agent, in respect of an Aug. 27, 2015, Intercreditor
     Agreement among SunTrust Bank, as First Lien Collateral
     Agent, U.S. Bank National Association, as the Second Lien
     Collateral Agent, and the Company, in which SunTrust Bank
     provided notice of its resignation as control agent under
     that Intercreditor Agreement, which resignation is to become
     effective on May 1, 2015, unless SunTrust Bank is replaced in

     that role earlier; and

   * The Company received a letter from SunTrust Bank, as
     administrative agent, in respect of a Credit Agreement that
     the Company entered contemporaneously with the Intercreditor
     Agreement, in which SunTrust Bank gave the Company notice of
     an Event of Default thereunder - specifically, the Company's
     failure to have paid the above-referenced interest payment in

     full, rather than in part.

The Forbearance Agreement expires on the earliest to occur of (i)
the occurrence of any Event of Default under subsections 6.01(10)
or 6.01(11) of the Indenture or the commencement of an involuntary
proceeding or filing of an involuntary petition against the
Company's subsidiary or the Company under any federal, state or
foreign bankruptcy, insolvency, receivership or similar law, (ii)
May 15, 2015, or (iii) the occurrence of a "Forbearance Default."

A full-text copy of the Forbearance Agreement is available at:

                       http://is.gd/qYNjXt

                       About American Eagle

Littleton, Colorado-based American Eagle Energy Corporation is
engaged in the acquisition, exploration and development of oil and
gas properties.  The Company is primarily focused on extracting
proved oil reserves from those properties.

American Eagle reported a net loss of $92.2 million on $60.5
million of oil and gas sales for the year ended Dec. 31, 2014,
compared to net income of $1.59 million on $43.1 million of oil and
gas sales for the year ended Dec. 31, 2013.

As of Dec. 31, 2014, American Eagle had $270.93 million in total
assets, $224 million in total liabilities, and $47 million in
total stockholders' equity.

Hein & Associates LLP, in Denver, Colorado, issued a "going
concern" qualification in its report on the consolidated financial
statements for the year ended Dec. 31, 2014.  The independent
auditors noted that the Company has a working capital deficit, and
cash from operations may not be sufficient to fund operating
activities and debt service obligations.  Also, the Company did not
make an interest payment that was due March 2, 2015.  

                          *     *     *

As reported by the TCR in March 2015, Standard & Poor's Ratings
Services lowered its corporate credit and issue-level ratings on
American Eagle Energy Corp. to 'D' from 'CCC+'.

"We lowered the rating after American Eagle missed an interest
payment for $9.8 million due March 2, 2015, on its $175 million
senior secured notes due 2019," said Standard & Poor's credit
analyst Christine Besset.

The TCR reported on Jan. 26, 2015, that Moody's Investors Service
downgraded American Eagle's Corporate Family Rating to 'Ca' from
'Caa1'.

"The downgrade of American Eagle Energy's ratings reflect the
company's weak liquidity profile and unsustainable capital
structure," commented Gretchen French, Moody's vice president.
"With the company facing cyclically low oil prices in 2015 and
into 2016, the risk of default or a debt restructuring, including
the potential for a distressed exchange, has increased."


BPZ RESOURCES: Seeking More Funding, Provides Drilling Update
-------------------------------------------------------------
BPZ Energy continues to operate under provisions of Chapter 11 of
the United States Bankruptcy Court Code while it seeks additional
financing.

At offshore Block Z-1, the Corvina CX15-9D well was drilled to a
total measured depth of approximately 7,730 feet.  The 9D well
failed to produce oil, therefore the geologic model is being
reevaluated to better understand the impact of the well test
results on this area of the field.  However, approximately 35 feet
of gas pay was found in the upper Zorritos non-associated gas
reservoir in the 9D well, which is where the 16X, 14D and 21XD
wells at the CX-11 previously tested rates of gas between 20 and 40
million cubic feet per day in the non-associated gas reservoir.
Activity on the 9D well has been suspended and the well is being
considered for completion as a gas producer in the future.

The Albacora A-22D development well was drilled to a measured depth
of 13,730 feet.  The well is currently being tested, with final
results expected later this month.

For the remainder of 2015, the Company intends to focus on low cost
workovers at the Corvina and Albacora fields at Block Z-1 to
optimize production.  In this respect, work has begun on the
Corvina CX15-1D mechanical shut-in well to restore production.  The
Company has been granted a deferral for the 2015 Delfin work
commitment at Block Z-1.  Drilling at Piedra Redonda, which was
scheduled to occur after Delfin, has been postponed accordingly.
The Company is also working with Perupetro to defer its future work
commitments at its onshore blocks.

Block Z-1 Production from the Corvina and Albacora fields for first
quarter 2015 averaged 4,722 barrels of oil per day (bopd) gross, or
2,408 bopd net to BPZ.  Recent production was 4,400 bopd gross, or
2,244 bopd net to BPZ.  The Company holds a 51% participation in
Block Z-1.

                        About BPZ Resources

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

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

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

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




BRAGG COMMUNICATIONS: Moody's Affirms 'Ba2' Corp Family Rating
--------------------------------------------------------------
Moody's Investors Service changed Bragg Communications Inc.'s
ratings outlook to positive from stable and raised the company's
speculative grade liquidity (SGL) rating to SGL-1 (very good
liquidity) from SGL-2 (good liquidity), while also affirming
Bragg's Ba2 corporate family rating and Ba3-PD probability of
default rating. As part of the same rating action, all individual
instrument ratings were also affirmed (see ratings listing,
below).

The outlook action was prompted by Moody's expectation that
management will continue using free cash flow to repay debt and
that credit metrics will continue to improve, despite the
challenging operating environment. With ongoing free cash
generation and gradual debt repayment, Bragg's liquidity is also
improving, as reflected in the SGL rating revision.

The following summarizes Moody's ratings actions for Bragg
Communications Inc.:

Issuer: Bragg Communications Inc.

Outlook: Changed to Positive from Stable

Speculative Grade Liquidity Rating: Raised to SGL-1 from SGL-2

Corporate Family Rating: Affirmed at Ba2

Probability of Default Rating: Affirmed at Ba3-PD

Senior Secured Credit Facility: Affirmed at Ba2 (LGD3)

RATINGS RATIONALE

Bragg's Ba2 corporate family rating is based on Moody's expectation
of sustained positive free cash flow and Debt/EBITDA leverage being
maintained in a range appropriate for a Ba-rated cable television
company with Bragg's attributes, supported by industry-leading
margins, and a quad-play capability with its wireless service.
Moody's anticipates flat EBITDA growth as fixed-line competition
remains intense and Bragg's facilities-based wireless broadband
services operation slowly gains traction in the company's core Nova
Scotia and Prince Edward Island markets. The rating also
anticipates maintenance of solid liquidity.

Rating Outlook

The outlook is positive because Moody's anticipate Bragg will
continue to use free cash flow to repay debt and credit metrics
will continue their gradual improvement.

What Could Change the Rating - Up

An upgrade could be considered if Moody's expects:

Debt-to-EBITDA to be maintained at or above a range appropriate for
a Baa-rated cable television company

Along with

-- Free cash flow sustained within a range appropriate for a
Baa-rated cable television company, and

-- Clarity re capital structure and shareholder return plans

What Could Change the Rating - Down

The rating could be downgraded if Moody's expects:

-- Debt-to-EBITDA to be maintained at a range appropriate for a
B-rated cable television company, or

-- Free cash flow sustained as a modest proportion of total debt,
or

-- Liquidity arrangements were anticipated to deteriorate, or

-- Management practices that favor shareholder returns

The principal methodology used in this rating was the Global Cable
Television Industry published in April 2013. Other methodologies
used include Loss Given Default for Speculative-Grade Non-Financial
Companies in the US, Canada and EMEA published in June 2009. Please
see the Credit Policy page on www.moodys.com for a copy of these
methodologies.

Corporate Profile

Headquartered in Halifax, Nova Scotia, Bragg Communications Inc.
(Bragg) is a diversified Canadian communications company whose core
business is providing cable-based television, internet, telephone
service and wireless services to consumers, primarily in Eastern
Canada.



CACHE INC: Creditors Push for Chapter 7 Bankruptcy
--------------------------------------------------
Peg Brickley, writing for Daily Bankruptcy Review, reported that
creditors say retailer Cache Inc. has been running up bills it
can't pay and should be pushed out of Chapter 11 into a bare-bones
form of bankruptcy.

According to the report, the official committee that represents
landlords and suppliers to the women's dress and formal wear
retailer asked a bankruptcy judge to convert Cache's bankruptcy
into a chapter 7 case and allow a trustee to take over the
proceeding.

                       About CACHE, Inc.

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

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

The Debtors are represented by Laura Davis Jones, Esq., Peter J.
Keane, Esq., and Colin R. Robinson, Esq., at Pachulski Stang Ziehl
& Jones LLP, in Wilmington, Delaware.  The Debtors' restructuring
advisors is FTI Consulting Inc., while their investment banker and
financial advisor is Janney Montgomery Scott LLC.  Thompson Hine
represents the Debtors in corporate and securities matter, while
Jackson Lewis P.C. represents the Debtors in employment matters.

The Debtors' communications services provider is Epiq Systems,
Inc., while their noticing and claims management services provider
is Kurtzman Carson Consultants.  A&G Realty Partners, LLC, serves
as the Debtors' real estate consultants.

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

The U.S. Trustee for Region 3 has appointed seven members to the
Official Committee of Unsecured Creditors in the Debtors' case.


CAESARS ENTERTAINMENT: $468-Mil. Dispute Set for August Trial
-------------------------------------------------------------
Steven Church, writing for Bloomberg News, reported that Caesars
Entertainment Corp.'s $468 million bankruptcy dispute will go to
trial in August as the judge overseeing the case said it's probably
irrelevant whether the casino company or its creditors acted in bad
faith when they filed dueling petitions in January.

According to the report, whether Caesars paid its debts as they
came due is the main question, U.S. Bankruptcy Judge Benjamin
Goldgar said during a hearing in Chicago.  The report noted that
Judge Goldgar must decide if the bankruptcy started Jan. 15 when
the company filed its case or three days earlier when lower-ranking
creditors filed an involuntary petition.

                     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.


CAPROCK OIL: MaloneBailey Expresses Going Concern Doubt
-------------------------------------------------------
Caprock Oil, Inc., filed with the U.S. Securities and Exchange
Commission 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 has
losses from continuing operations and has a working capital
deficit.

The Company reported a net loss of $1.99 million on $2.36 million
of total revenues for the year ended Dec. 31, 2014, compared with a
net loss of $1.56 million on $2.73 million of total revenues in
2013.

The Company's balance sheet at Dec. 31, 2014, showed $6.96 million
in total assets, $6.06 million in total liabilities and total
stockholders' equity of $902,000.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/H2yoOg
                          
Caprock Oil, Inc., is focused on the exploration and production of
oil and natural gas in Texas and Louisiana.  Based in Houston, the
Company recently completed the acquisition of Cinco NRG, LLC, a
private oil and gas company.

The Company reported a net loss of $327,000 on $640,000 of total
revenues for the three months ended Sept. 30, 2014, compared to a
net loss of $55,200 on $639,000 of total revenues for the same
period in 2013.

The Company's balance sheet at Sept. 30, 2014, showed $6.91 million

in total assets, $5.53 million in total liabilities, and
stockholders' equity of $1.38 million.


COLDWATER CREEK: Judge Extends Deadline to Remove Suits to July 3
-----------------------------------------------------------------
The liquidating trustee of CWC Liquidation Inc., formerly known as
Coldwater Creek Inc., received approval from U.S. Bankruptcy Judge
Brendan Shannon to file notices of removal of lawsuits until
July 3, 2015.

                         About Coldwater Creek

Coldwater Creek is a multi-channel retailer that offers its
merchandise through retail stores across the country, its catalog
and its e-commerce Web site, http://www.coldwatercreek.com/

Originally founded in Sandpoint, Idaho in 1984 as a direct,
catalog-based marketer, Coldwater evolved into a multi-channel
specialty retailer operating 334 premium retail stores, 31 factory
outlet stores and seven day spa locations throughout the United
States.

As of the bankruptcy filing, the Debtors domestically employ a
total of approximately 5,990 employees throughout their retail
locations, corporate headquarters and distribution, design and call
centers.

Coldwater Creek Inc. and its debtor-affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 14-10867) on
April 11, 2014, to liquidate their assets.

Coldwater Creek disclosed assets of $721 million plus undetermined
amount and liabilities of $425 million plus undetermined amount.
Affiliate Coldwater Creek U.S. Inc. estimated $100 million to $500
million in assets and liabilities.

The Debtors have drawn $37.5 million and have $10 million in
letters of credit outstanding under a senior secured credit
facility (ABL facility) provided by lenders led by Wells Fargo
Bank, National Association, as agent.  The Debtors also owe $96
million, which includes accrued interest and approximately $23
million representing a prepayment premium payable, under a term
loan from lenders led by CC Holding Agency Corporation, as agent.

Aside from the funded debt, the Debtors have accumulated a
significant amount of accrued and unpaid trade and other unsecured
debt in the normal course of their business.

The Debtors have tapped Young Conaway Stargatt & Taylor, LLP, and
Shearman & Sterling LLP as attorneys, Perella Weinberg Partners LP
as financial advisor, Alvarez & Marsal as restructuring advisor,
and Prime Clerk LLC as claims and noticing agent.

The U.S. Trustee for Region Three named seven creditors to serve on
the official committee of unsecured creditors.  Lowenstein Sandler
LLP represents the Committee.

CWC Liquidation Inc., formerly known as Coldwater Creek Inc.,
notified the Bankruptcy Court that the effective date of its
Modified Third Amended Joint Plan of Liquidation occurred on Sept.
26, 2014.

The Troubled Company Reporter, on Dec. 29, 2014, reported that the
Bankruptcy Court entered a final decree closing the Chapter 11
cases of consolidated non-lead debtors in the cases of CWC
Liquidation Inc. formerly known as Coldwater Creek Inc, et al.


CONNEAUT LAKE: Wants to Extend Plan Filing Deadline to June 30
--------------------------------------------------------------
The Trustees of Conneaut Lake Park filed on March 31, a motion
asking the Bankruptcy Court to extend to June 30, the deadline for
it to file a Chapter 11 bankruptcy reorganization plan and to give
creditors through Aug. 31, to accept or reject the plan.  Keith
Gushard at The Meadville Tribune relates that the initial deadline
of the Plan was April 3.

A hearing on the Trustees' request for extension will be held on
April 28 at 10:00 a.m., The Meadville Tribune states.

According to The Meadville Tribune, the Trustees says it needs more
time to file a Plan due to a dispute with the Hotel Conneaut's
management.   Park Restoration LLC, which leases the Hotel Conneaut
from Trustees, has not lived up to the lease terms of its agreement
to manage the hotel as well as other agreements, the report says,
citing the Trustees.

The Meadville Tribune quoted Mark Turner, executive director of the
Trustees, as saying, "We sent a letter of default (on March 20) to
Park Restoration LLC that they are in default and need to vacate
the premises by April 18.  They're in default with every agreement
with Trustees."  Citing Mr. Truner, the report adds that the
defaults involve agreements between the Trustees and Park
Restoration on Hotel Conneaut, the former Beach Club which burned
in Aug. 1, 2013, two properties along Route 618 and back utility
costs.

Park Restoration is disputing the allegations that it is in default
under its lease agreements, The Meadville Tribune relates.  The
report quoted Greg Sutterlin of Park Restoration as saying,
"Trustees are referring to a lease (agreement) from March 2009 that
we're not using.  The agreement with Trustees from Nov. 24, 2008,
is the one we're using.  This all could have been handled with a
conversation with us.  We have events booked this year and next --
dozens of them.  We plan on staying the remainder of the 24 years
of our lease."

                     About Conneaut Lake Park

Conneaut Lake Park is a summer amusement resort, located in
Conneaut Lake, Pennsylvania.

Trustees of Conneaut Lake Park, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. W.D. Pa. Case No. 14-11277) in Erie, Pennsylvania,
on Dec. 4, 2014.  The case is assigned to Judge Thomas P. Agresti.
The Debtor tapped George T. Snyder, Esq., at Stonecipher Law Firm,
in Pittsburgh, as counsel.  The Debtor estimated assets and debt of
$1 million to $10 million.

Trustees of Conneaut Lake Park filed for bankruptcy protection less
than 20 hours before the Crawford County amusement park was
scheduled to go to sheriff's sale for almost $930,000 in back taxes
and related fees.


DISCOVER FINANCIAL: Fitch Affirms 'BB-' Rating on Preferred Stock
-----------------------------------------------------------------
Fitch Ratings has affirmed Discover Financial Services (DFS)
long-term Issuer Default Rating (IDR) at 'BBB+' and short-term IDR
at 'F2'.  The Rating Outlook is Stable.

DFS's rating review was conducted as part of Fitch's periodic peer
review of U.S. consumer finance companies.

KEY RATING DRIVERS - IDRs, Senior Unsecured Debt, Subordinated
Debt, Preferred Stock, Support Ratings, Support Rating Floors,
Viability Ratings (VRs), Deposits

The rating affirmations and Stable Outlook reflect DFS's strong
franchise and leading payments network, peer-superior credit
performance, strong and consistent financial performance over time,
diverse funding base, ample liquidity, strong risk-adjusted
capitalization, robust corporate governance and risk frameworks,
and seasoned management team.

Rating constraints include DFS's concentrated and cyclical business
model, potential funding sensitivity associated with wholesale and
internet deposit funding sources, the likelihood of asset quality
reversion from current levels, and continued elevated regulatory,
legislative and litigation risk.  Furthermore, ratings remain
constrained by DFS's weaker relative market position within the
payments industry, as evidenced by its smaller market share
compared to peers (e.g. Visa, MasterCard and American Express).

Fitch views Discover's ability to generate strong and consistent
operating performance over time as a ratings strength.  While net
income declined to $2.3 billion in 2014, down 6% from the prior
year period, the results were impacted by a number of non-recurring
items in fourth-quarter 2014 (4Q'14) including a $178 million
one-time charge related to the elimination of the credit card
rewards forfeiture reserve, a $27 million goodwill impairment
related to Discover Home Loans, and a $21 million fair value
adjustment related to moving Diners Club Italy to held-for-sale.
The $27 million goodwill impairment charge related to its Discover
Home Loans business was primarily driven by the company's lack of
progress in replacing lost mortgage refinance loan volume with new
purchase volume.  Discover continues to evaluate its home loans
strategy and the future of this business remains uncertain.
Excluding these items, Fitch estimates that full-year 2014 net
income was flat year-over-year at $2.4 billion despite a 33%
year-over-year increase in provision expense.

Fitch expects operating performance to remain strong in 2015.  That
said, financial performance will face downward pressure from a
number of factors including increased competition, normalizing
credit performance and heightened legal and compliance expenses.
Fitch expects Discover's revenue margin to decline modestly in 2015
driven by some modest net interest margin compression due in part
to normalizing credit performance and run-off of higher-priced
loans.  Additionally, operating performance will face downward
pressure from lower fee-based product revenue, in particular
protection products revenue, and higher rewards expenses.

Credit performance is expected to remain strong in 2015 although
charge-offs and delinquencies will likely start to normalize. Fitch
expects provision expenses to increase further in 2015 driven
primarily by portfolio seasoning and growth, as well as some modest
deterioration in credit metrics.  Credit card net charge-offs
increased 6 basis points (bps) to 2.27% in 2014 and remained well
below other top credit card issuers and the industry average.
Reserve coverage for credit card loans remained strong at 2.63% of
loans and 152% of loans 30+ past due at Dec. 31, 2014.

Discover is well positioned for a potential increase in interest
rates.  At Dec. 31, 2014, assuming an immediate 100bps increase in
interest rates, DFS estimates that net interest income over the
following 12-month period would increase by approximately $167
million, or 2%.

Discover remains well capitalized.  The Tier I common (T1C) ratio
declined 20bps year-over-year to 14.1% in 2014 and the tangible
common equity / tangible asset ratio declined 10bps to 12.3% in
2014.  Both metrics compare favorably to peer banks.  Additionally,
DFS performed very well relative to peers in the Federal Reserve's
most recent Comprehensive Capital Analysis and Review (CCAR).  As
part of this review, DFS received a non-objection related to its
capital plan.  Fitch expects Discover's T1C ratio to gradually
decline over time before normalizing at a level in the low double
digits.  In this scenario, Fitch believes Discover would be
adequately capitalized relative to existing ratings.

Discover maintains adequate liquidity with strong risk oversight.
At Dec. 31, 2014, Discover's liquidity portfolio amounted to $10.8
billion (or 13% of tangible assets), and excluding deposits, the
company does not have any contractual unsecured debt maturities
until 2017.  Fitch views Discover's liquidity position as strong
and, when combined with future asset repayments, provides adequate
sources to fund growth and meet its upcoming debt obligations.

The ratings for DFS and Discover Bank are equalized, which reflects
Fitch's view that Discover Bank is core and integral to DFS's
business strategy and operations.  Fitch believes DFS would fully
support Discover Bank in the event of need.

The senior unsecured debt ratings are equalized with each entity's
IDR.  The equalization reflects the availability of meaningful
unencumbered assets, which Fitch believes enhances DFS's financial
flexibility.

DFS's subordinated debt rating is one notch below the entity's VR
of 'bbb+' in accordance with Fitch's assessment of each
instrument's respective non-performance and relative loss severity
risk profile.  The subordinated note rating includes one notch for
loss severity given the subordination of these securities in the
capital structure, and zero notches for non-performance given
contractual limitations on interest payment deferrals and no
mandatory trigger events which could adversely impact performance.

DFS's preferred stock ratings are five notches below the DFS's VR
of 'bbb+' in accordance with Fitch's assessment of each
instrument's respective non-performance and relative loss severity
risk profile.  The preferred stock ratings include two notches for
loss severity given these securities' deep subordination in the
capital structure, and three notches for non-performance given that
the coupons of these securities are non-cumulative and fully
discretionary.

Discover Bank's uninsured deposit ratings of 'A-/F2' are one notch
higher than their respective IDRs because U.S. uninsured deposits
benefit from depositor preference in the U.S.  Fitch believes this
preference in the U.S. gives deposit liabilities superior recovery
prospects in the event of default.

The Support Ratings (SRs) of '5' reflect Fitch's view that external
support cannot be relied upon.  The Support Rating Floors (SRFs) of
'No Floor' reflect Fitch's view that there is no reasonable
assumption that sovereign support will be forthcoming to DFS.

RATING SENSITIVITIES - IDRs, Senior Unsecured Debt, Subordinated
Debt, Preferred Shares, Support Ratings, Support Rating Floors,
VRs, Deposits

The Stable Outlook reflects Fitch's view that positive rating
momentum is relatively limited over the outlook horizon.  Longer
term, rating momentum could be driven by consistent market share
gains in card-based payments, increased revenue diversity, and
strong credit performance in non-card loan categories.  Other
factors that could support positive rating actions include further
clarity on regulatory and legislative issues (particularly as it
relates to the student loan sector) and enhanced funding
flexibility.  In particular, the durability of DFS's internet-based
deposit platform in a rising rate environment will be a key
determinant in evaluating the strength of the company's funding
profile.

Negative rating action could be driven by a decline in earnings
performance, resulting from a decrease in market share or an
inability to contain costs, a weakening liquidity profile,
significant reductions in capitalization, and/or potential new and
more onerous rules and regulations.  Negative rating momentum could
also be driven by an inability of DFS to maintain its competitive
position and earnings prospects in an increasingly digitized
payment landscape.

The senior unsecured debt ratings are primarily sensitive to
changes in the long-term IDRs of DFS and Discover Bank.

The subordinated debt ratings are directly linked to Discover
Bank's VR and would move in tandem with any changes in the VR.

The preferred stock ratings are directly linked to DFS's VR and
would move in tandem with any changes in DFS's credit profile.

Discover Bank's uninsured deposit ratings are rated one notch
higher than the IDR.  The deposit ratings are primarily sensitive
to any change in DFS's long- and short-term IDRs.

DFS's Support Rating and Support Rating Floor are sensitive to
Fitch's assumptions as to capacity to procure extraordinary support
in case of need.

Fitch has taken these rating actions:

Discover Financial Services
   -- Long-term IDR affirmed at 'BBB+';
   -- Short-term IDR affirmed at 'F2';
   -- Viability Rating affirmed at 'bbb+';
   -- Senior unsecured debt affirmed at 'BBB+';
   -- Preferred stock affirmed at 'BB-';
   -- Support affirmed at '5';
   -- Support Floor affirmed at 'NF'.

Discover Bank
   -- Long-term IDR affirmed at 'BBB+';
   -- Short-term IDR affirmed at 'F2';
   -- Viability Rating affirmed at 'bbb+';
   -- Short-term Deposits affirmed at 'F2';
   -- Long-term Deposits affirmed at'A-';
   -- Senior unsecured debt affirmed at 'BBB+';
   -- Subordinated Debt affirmed at 'BBB';
   -- Support affirmed at '5';
   -- Support Floor affirmed at 'NF'.

The Rating Outlook is Stable.



DOLLAR TREE: No Ratings Impact on Merger Yet, Moody's Says
----------------------------------------------------------
Moody's Investors Service said that the Federal Trade Commission's
("FTC") completion of its review and identification of
approximately 340 stores for divestiture in the proposed merger of
Dollar Tree Inc. (Ba2/stable) and Family Dollar Stores (Baa3 RUR
down) was as expected and will have no ratings impact at this time.
Dollar Tree expects that all or almost all of the stores that will
be divested will be Family Dollar stores.


DRYSHIPS INC: Major Investor Sells Holdings
-------------------------------------------
Lisa Allen, writing for The Deal, reported that DryShips Inc. could
be sailing into stormy seas as one of the company's major hedge
fund investors sold down its holdings in the wake of the
announcement of a sale to the company's CEO, and some observers
have reacted negatively to the deal.

According to the report, Paul Slater, chairman and CEO of First
International Corp., a maritime and energy-focused financial
consulting firm, was skeptical of a March 30 deal to sell four
Suzemax tanker ships to private entities controlled by DryShips CEO
George Economou for $245 million, with the potential to sell a
further six Aframax tankers for $291 million.

Dryships Inc. is a provider of ocean transportation services for
drybulk and petroleum cargoes through its subsidiary Ocean Rig
UDW.
Based in Athens, Greece, the Company owns a fleet of 38 drybulk
carriers, eight drilling units, and 10 oil tankers.


ECO BUILDING: Appoints Four Board Members
-----------------------------------------
The Board of Directors of Eco Building Products, Inc., appointed
Judith Muhlberg, Gerald M. Czarnecki, Mark Zorko and Tom Comery as
independent members of the Board of Directors, according to a
document filed with the Securities and Exchange Commission.  

Each appointee is expected to be named as a member of the Audit
Committee, Compensation Committee and Nominating/Governance
Committee of the Board.

In connection with the appointments to the Board, the Company
entered into a Director Agreement with each Appointee whereby the
Company agreed to issue each Appointee a (1) cash retainer of
$15,000 per calendar year during the Appointee's period of service,
paid in quarterly installments and (2) options to purchase up to
$25,000 worth of shares of the Company's common stock, $0.001 par
value, at an exercise price equal to the fair market value of the
common stock on the date of the grant.

                       About Eco Building

Vista, Calif.-based Eco Building Products is a manufacturer of
proprietary wood products treated with an eco-friendly proprietary
chemistry that protects against mold, rot, decay, termites and
fire.

The Company reported a net income of $532,000 on $876,000 of total
revenue for the three months ended Sept. 30, 2014, compared with a
net loss of $1.87 million on $408,328 of total revenue for the same
period a year ago.

As of Sept. 30, 2014, the Company had $1.74 million in total
assets, $24.03 million in total liabilities and a $22.3 million
total stockholders' deficit.  On Sept. 30, 2014, the Company had
$128,000 cash on hand.


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

         Debtor                                Case No.
         ------                                --------
         Erie Hockey Club Limited              15-10380
         201 East 8th Street
         Erie, PA 16503

         Bassin Hockey, Inc.                   15-10381
         201 East 8th Street
         Erie, PA 16503

Nature of Business: EHCL's primary asset is its franchise
                    agreement with the Ontario Hockey League
                    for the Erie Otters hockey team.

Chapter 11 Petition Date: April 8, 2015

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Erie)

Judge: Hon. Thomas P. Agresti

Debtors' Counsel: Nicholas R. Pagliari, Esq.
                  James R. Walczak, Esq.
                  MACDONALD, ILLIG, JONES & BRITTON LLP
                  100 State Street, Suite 700
                  Erie, PA 16507-1459
                  Tel: 814-870-7754
                  Fax: 814-454-4647
                  Email: npagliari@mijb.com
                         jwalczak@mijb.com

Debtors'          SCHAFFNER KNIGHT MINNAUGH & COMPANY
Accountant:

Debtors'          GAME PLAN SPECIAL SERVICES LLC
Broker:

                                   Estimated    Estimated
                                    Assets     Liabilities
                                  ----------   -----------
Erie Hockey Club                  $1MM-$10MM   $1MM-$10MM
Bassin Hockey                     $1MM-$10MM   $1MM-$10MM

The petition was signed by Sherwood Bassin, sole shareholder Bassin
Hockey, Inc.

A list of Erie Hockey Club's 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/pawb15-10380.pdf

A list of Bassin Hockey's largest unsecured creditor is available
for free at http://bankrupt.com/misc/pawb15-10381.pdf


EVERYWARE GLOBAL: Proposes Prime Clerk as Claims Agent
------------------------------------------------------
EveryWare Global, Inc., et al., seek approval from the U.S.
Bankruptcy Court for the District of Delaware to appoint Prime
Clerk LLC as their claims and noticing agent in the chapter 11
cases.

The Debtors reviewed engagement proposals from two other
court-approved claims and noticing agents to ensure selection
through a competitive process.  The Debtors submit that Prime
Clerk's rates are competitive and reasonable given Prime Clerk's
quality services and expertise.

For its claims and noticing services, Prime Clerk will charge the
Debtors at these hourly rates:

                                    Hourly Rate
                                    -----------
     Analyst                        $35 to $50
     Technology Consultant          $80 to $120
     Consultant                     $95 to $145
     Senior Consultant             $150 to $170
     Director                      $180 to $195

For the firm's solicitation, balloting and tabulation services,
the rates are:

                                    Hourly Rate
                                    -----------
     Solicitation Consultant          $195
     Director of Solicitation         $220

The firm will charge $0.10 per page for printing, $0.10 per page
for fax noticing, and no charge for e-mail noticing.  Hosting of
the case Web site is free of charge and on-line claim filing
services are free of charge.  For data administration and
management, the firm will charge $0.10 per record per month for
data storage, maintenance and security.

Prior to the Petition Date, the Debtors provided Prime Clerk a
retainer of $40,000.

The claims agent can be reached at:

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

                      About EveryWare Global

Headquartered in Lancaster, Ohio, EveryWare (Nasdaq:EVRY) is a
marketer of tabletop and food preparation products for the consumer
and foodservice markets, with operations in the United States,
Canada, Mexico and Asia.  The company has more than 1,500 personnel
throughout the United States.  Sales and marketing functions are
managed from executive offices in Lancaster, Ohio, with staff
located in Melville, New York, New York City, and Oneida, New York.


The primary operating subsidiaries, Oneida Ltd. and Anchor Hocking,
LLC, were founded in 1848 and 1873, respectively.  In 2011,
investment funds affiliated with the Monomoy Capital Partners
completed their acquisition of these companies and, in March 2012,
integrated them under the EveryWare brand.  In May 2013, a merger
was completed where EveryWare became a wholly-owned subsidiary of
ROI Acquisition Corp. ("ROI"), a special purpose acquisition
company sponsored by affiliates of the Clinton Group, Inc., and ROI
was renamed EveryWare Global Inc.

As of Sept. 30, 2014, EveryWare reported assets of $238 million and
liabilities of $380 million.

EveryWare Global, Inc., commenced a Chapter 11 bankruptcy case to
implement a prepackaged financial restructuring that converts $248
million of the long-term debt to 96% of the common stock of the
company post-emergence.

EveryWare Global filed its Chapter 11 petition (Bankr. D. Del.) on
April 7, 2015, and 12 affiliated debtors filed petitions on April
8, 2015.  The cases are pending before Judge Laurie Selber
Silverstein, and the debtors are seeking joint administration under
Case No. 15-10743.

The Debtors tapped Kirkland & Ellis LLP, as general bankruptcy
counsel; Pachulski Stang Ziehl & Jones LLP, as local bankruptcy
counsel; Jefferies LLC, as financial advisor; Alvarez & Marsal
North America, LLC, to provide a CRO and Interim VP of Finance; and
Prime Clerk LLC as claims and noticing agent.


EVERYWARE GLOBAL: Receives Nasdaq Delisting Notice
--------------------------------------------------
EveryWare Global, Inc. on April 8 disclosed that it has been
notified by the Staff of The Nasdaq Stock Market LLC that, because
the Company filed a voluntary petition for protection under Chapter
11 of the U.S. Bankruptcy Code on April 8, 2015, Nasdaq intends to
delist the Company's common stock from the Nasdaq Stock Market by
filing a delisting application with the Securities and Exchange
Commission.  As previously disclosed, the Company has reached an
agreement with its secured lenders on a comprehensive balance-sheet
restructuring that, among other things, will substantially reduce
the Company's long-term debt.  To implement the restructuring, the
Company filed a voluntary petition for a prepackaged Chapter 11
bankruptcy in the U.S. Bankruptcy Court for the District of
Delaware.

The Company does not intend to appeal the delisting determination.
The Company anticipates that the delisting of its common stock from
the Nasdaq Stock Market will be effective at the opening of trading
on April 17, 2015.

The Company expects that its securities will be immediately
eligible to be quoted on the OTC Bulletin Board or in the "Pink
Sheets."  To be quoted on the OTCBB or the Pink Sheets, a market
maker must sponsor the security and comply with SEC Rule 15c2-11
before it can initiate a quote in a specific security.  If the
Company's securities are delisted from Nasdaq, there can be no
assurance that a market maker will apply to quote the Company's
common stock or that the Company's common stock will become
eligible for the OTCBB or the Pink Sheets.

                      About EveryWare Global

Headquartered in Lancaster, Ohio, EveryWare (Nasdaq:EVRY) is a
marketer of tabletop and food preparation products for the consumer
and foodservice markets, with operations in the United States,
Canada, Mexico and Asia.  The company has more than 1,500 personnel
throughout the United States.  Sales and marketing functions are
managed from executive offices in Lancaster, Ohio, with staff
located in Melville, New York, New York City, and Oneida, New York.


The primary operating subsidiaries, Oneida Ltd. and Anchor Hocking,
LLC, were founded in 1848 and 1873, respectively.  In 2011,
investment funds affiliated with the Monomoy Capital Partners
completed their acquisition of these companies and, in March 2012,
integrated them under the EveryWare brand.  In May 2013, a merger
was completed where EveryWare became a wholly-owned subsidiary of
ROI Acquisition Corp. ("ROI"), a special purpose acquisition
company sponsored by affiliates of the Clinton Group, Inc., and ROI
was renamed EveryWare Global Inc.

As of Sept. 30, 2014, EveryWare reported assets of $238 million and
liabilities of $380 million.

On April 7, 2015, EveryWare Global, Inc. filed a voluntary petition
for relief under Chapter 11 of the United States Bankruptcy Code
(Bankr. D. Del.).  Additionally, on April 8, 2015, twelve
affiliated debtors each filed a voluntary Chapter 11 petition.  The
cases are pending before Judge Laurie Selber Silverstein and the
debtors are seeking joint administration under Case No. 15-10743.

The Debtors tapped Kirkland & Ellis LLP, as general bankruptcy
counsel; Pachulski Stang Ziehl & Jones LLP, as local bankruptcy
counsel; Jefferies LLC, as financial advisor; Alvarez & Marsal
North America, LLC to provide a CRO and Interim VP of Finance; and
Prime Clerk LLC as claims and noticing agent.



EVERYWARE GLOBAL: To Limit Trading to Protect NOLs
--------------------------------------------------
Everyware Global, Inc., et al., ask the U.S. Bankruptcy Court for
the District of Delaware to approve certain notification and
hearing procedures regarding certain purchases, sales, or other
transfers of, or declarations of worthlessness for federal or state
tax purposes with respect to, equity securities in Debtor EveryWare
Global, Inc. or any beneficial ownership therein.

A company generates net operating losses ("NOLs"), generally, if it
has incurred more expenses than it has earned revenues in a tax
year. Subject to certain conditions, a company may apply, or
"carryforward," NOLs to reduce future tax payments in a tax year or
years up to 20 years after the tax year in which the NOLs were
generated.

The Debtors have NOLs in an amount of approximately $129.6 million
as of Dec. 31, 2014.  Utilization of the Debtors' NOLs in future
tax years could generate up to $51.8 million in cash savings from
reduced taxes assuming an effective combined state and federal tax
rate of 40 percent for the post-emergence company.

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

   * Any "substantial holder" -- entity that has that has
Beneficial Ownership of at least 996,498 shares of EveryWare
Global's common stock (representing 4.5 percent of all issued and
outstanding common stock) -- must serve and file a declaration on
or before the later of (i) 30 calendar days after the date of the
notice of the order or (ii) 10 days after becoming a substantial
shareholder.

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

   * The Debtors have 30 calendar days after receipt of the stock
transaction notice to object to the proposed transaction.

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

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

The Debtors also filed proposed procedures for declarations of
worthlessness of equity securities of the Debtors.  Under the
proposed procedures, any person or entity that has beneficial
ownership of 50 percent or more of the equity securities must serve
and file a declaration.  Prior to filing any federal or state tax
return, or any amendment to such a return, claiming any deduction
for worthlessness of the equity securities for a tax year ending
before the Debtors' emergence from Chapter 11, such a 50 Percent
Holder must serve and file a declaration of proposed deduction.
The Debtors have 30 calendar days to object to the proposed
action.

                      About EveryWare Global

Headquartered in Lancaster, Ohio, EveryWare (Nasdaq:EVRY) is a
marketer of tabletop and food preparation products for the consumer
and foodservice markets, with operations in the United States,
Canada, Mexico and Asia.  The company has more than 1,500 personnel
throughout the United States.  Sales and marketing functions are
managed from executive offices in Lancaster, Ohio, with staff
located in Melville, New York, New York City, and Oneida, New York.


The primary operating subsidiaries, Oneida Ltd. and Anchor Hocking,
LLC, were founded in 1848 and 1873, respectively.  In 2011,
investment funds affiliated with the Monomoy Capital Partners
completed their acquisition of these companies and, in March 2012,
integrated them under the EveryWare brand.  In May 2013, a merger
was completed where EveryWare became a wholly-owned subsidiary of
ROI Acquisition Corp. ("ROI"), a special purpose acquisition
company sponsored by affiliates of the Clinton Group, Inc., and ROI
was renamed EveryWare Global Inc.

As of Sept. 30, 2014, EveryWare reported assets of $238 million and
liabilities of $380 million.

EveryWare Global, Inc., commenced a Chapter 11 bankruptcy case to
implement a prepackaged financial restructuring that converts $248
million of the long-term debt to 96% of the common stock of the
company post-emergence.

EveryWare Global filed its Chapter 11 petition (Bankr. D. Del.) on
April 7, 2015, and 12 affiliated debtors filed petitions on April
8, 2015.  The cases are pending before Judge Laurie Selber
Silverstein, and the debtors are seeking joint administration under
Case No. 15-10743.

The Debtors tapped Kirkland & Ellis LLP, as general bankruptcy
counsel; Pachulski Stang Ziehl & Jones LLP, as local bankruptcy
counsel; Jefferies LLC, as financial advisor; Alvarez & Marsal
North America, LLC, to provide a CRO and Interim VP of Finance; and
Prime Clerk LLC as claims and noticing agent.


EXIDE TECHNOLOGIES: Baker Botts Files Supplemental Declaration
--------------------------------------------------------------
Jennifer Keane, a partner at the law firm of Baker Botts L.L.P.,
filed a supplemental declaration to her Feb. 23, 2015 declaration
in support of the application for retention of Baker Botts as
special counsel to Exide Technologies.

Ms. Keane told the Court that shehas submitted to Baker Botts'
computerized client and conflict database, the names set forth in
the list of interested parties in the chapter 11 case that the
Debtor identified.

Ms. Keane assured the Court that neither Baker Botts nor any
partner, counsel, or associate thereof, including herself,
represents or holds any interest adverse to the Debtor or the
Debtor's estate in connection with the matters upon which Baker
Botts is to be employed.

As reported in the Troubled Company Reporter on Marh 19, 2015,
the Debtor is seeking authorization to employ Baker Botts as
special counsel, nunc pro tunc to Jan. 1, 2014.

Baker Botts will assist the Debtor, as requested, with respect to
environmental representation and to perform any and all other legal
services as may be requested by the Debtor from time to time.
Baker Botts will be paid at these hourly rates:

     Van Beckwith, Partner-Trial Department            $990
     Jennifer Keane, Partner-Environmental             $765
     Aileen Hooks, Partner-Environmental               $765
     Ryan Bangert, Partner-Trial Department            $720
     Paulina Williams, Sr. Associate-Environmental     $630

     Partners                                       $650 to $1,250
     Associates and Other Counsel                   $350 to $1,000
     Paraprofessionals                              $125 to $650

Baker Botts will also be reimbursed for reasonable out-of-pocket
expenses incurred.

                     About Exide Technologies

Headquartered in Milton, Ga., Exide Technologies (NASDAQ: XIDE) --
http://www.exide.com/-- manufactures and   distributes lead acid  

batteries and other related electrical energy storage products.

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

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

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

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

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

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

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

                            *     *     *

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

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

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



EYL INVESTMENT: Case Summary & 4 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: EYL Investment Corp.
        262 Ave. Jesus T. Pinero
        San Juan, PR 00918

Case No.: 15-02622

Chapter 11 Petition Date: April 8, 2015

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

Debtor's Counsel: Mary Ann Gandia, Esq.
                  GANDIA-FABIAN LAW OFFICE
                  PO Box 270251
                  San Juan, PR 00927
                  Tel: 7873907111
                  Fax: 787763-8212
                  Email: gandialaw@gmail.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Eduardo Hernandez Ramirez, president.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/prb15-02622.pdf


FIDELITY & GUARANTY: Fitch Retains 'BB' IDR on HRG Announcement
---------------------------------------------------------------
Fitch Ratings has taken no rating action on Fidelity & Guaranty
Life or any of its insurance subsidiaries (collectively F&G Life)
following HRG Group, Inc.'s announcement on April 6 that it will be
exploring strategic alternatives for F&G Life, which may include a
sale of all or part of its 80.6% ownership interest.

Fitch views this announcement of a potential sale as credit neutral
and will not be taking rating action at this time.  The 'BB'
long-term IDR of the holding company, Fidelity & Guaranty Life
Holdings Inc, is currently subject to wider notching from the IFS
rating of the operating entities as a result of HRG ownership.
Depending on the outcome of HRG's review of strategic alternatives
for F&G Life, Fitch may change its view on whether wider notching
continues to apply to the holding company long-term IDR.

Fitch has taken no action on these ratings:

Fidelity & Guaranty Life Insurance Co.
Fidelity & Guaranty Life Insurance Co. of New York
   -- IFS rating 'BBB'.

Fidelity & Guaranty Life Holdings, Inc.
   -- Long-term IDR 'BB';
   -- Senior unsecured note due April 2021 'BB-'.



FOUNDATION HEALTHCARE: Grant Christianson Quits as Officer
----------------------------------------------------------
Grant A. Christianson resigned from his position as chief
accounting officer and principal accounting officer on April 2,
2015, according to a Form 8-K filed with the Securities and
Exchange Commission.

The Company said it does not anticipate naming a new chief
accounting officer.  Hubert King, the Company's chief financial
officer, will now also serve as the Company's principal accounting
officer.

                    About Foundation Healthcare

Oklahoma-based Foundation Healthcare is a healthcare services
company primarily focused on owning controlling interests in
surgical hospitals and the inclusion of ancillary service lines.
The Company currently owns controlling and noncontrolling
interests in surgical hospitals located in Texas.  The Company
also owns noncontrolling interests in ambulatory surgery centers
("ASCs") located in Texas, Oklahoma, Pennsylvania, New Jersey,
Maryland and Ohio.

Additionally, the Company provides sleep testing management
services to various rural hospitals in Iowa, Minnesota, Missouri,
Nebraska and South Dakota under management contracts with the
hospitals.  The Company provides management services to a majority
of its Affiliates under the terms of various management
agreements.  Prior to Dec. 2, 2013, the Company's name was
Graymark Healthcare, Inc.

Foundation Healthcare reported a net loss attributable to the
Company common stock of $2.09 million on $101.85 million of
revenues for the year ended Dec. 31, 2014, compared to a net loss
attributable to the Company common stock of $20.4 million on $87.2
million of revenues in 2013.

As of Dec. 31, 2014, the Company had $59.5 million in total assets,
$66.9 million in total liabilities, $8.7 million in preferred
noncontrolling interests, and a $16.1 million total deficit.

Hein & Associates LLP, in Denver, Colorado, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company had insufficient working capital as of Dec. 31, 2014 to
fund anticipated working capital needs over the next twelve months.


GARLOCK SEALING: Deadline to Remove Suits Extended to Sept. 30
--------------------------------------------------------------
U.S. Bankruptcy Judge J. Craig Whitley has given Garlock Sealing
Technologies LLC until Sept. 30, 2015, to file notices of removal
of lawsuits involving the company and its affiliates.

                     About Garlock Sealing

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

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

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

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

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

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

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


GBG RANCH: Deadline to File Claims Report Extended to May 1
-----------------------------------------------------------
U.S. Bankruptcy Judge David Jones has given the examiner appointed
in GBG Ranch Ltd.'s bankruptcy case until May 1, 2015, to file a
claims report.

                           About GBG Ranch

GBG Ranch, LTD, a Texas Limited Partnership, sought Chapter 11
protection (Bankr. S.D. Tex. Case No. 14-50155) in Laredo, Texas
on July 8, 2014, without stating a reason.  In a schedules filed
Dec. 9, 2014, the Debtor disclosed $54,111,258 in assets and
$4,401,493 in liabilities as of the Chapter 11 filing.

The company is represented by the Law Office of Carl M. Barto.
Leslie M. Luttrell and the Luttrell + Villareal Law Group serve as
special counsel.


GENOA: Moody's Assigns 'B2' Corporate Family Rating
---------------------------------------------------
Moody's Investors Service assigned Genoa, a QoL Healthcare Company,
LLC (New) ("Genoa", formerly known as QoL meds, LLC) a B2 Corporate
Family Rating (CFR) and B2-PD Probability of Default Rating in
connection with the proposed acquisition of 80% of the company by
financial sponsor Advent International (Advent) from Natuic
Partners (Nautic). Moody's also assigned a B1 rating to the
company's proposed senior secured first lien revolving credit
facility and term loan, and a Caa1 rating to the proposed second
lien term loan. The rating outlook is stable.

The company intends to use proceeds from the debt issuance,
combined with new cash equity from Advent and roll-over equity from
existing owner Nautic and management, to fund the acquisition of
Genoa, and to pay fees and expenses.

"Although the buyout will increase the financial leverage to above
7.0x debt/EBITDA initially and is credit negative, Moody's is
maintaining Genoa's corporate rating level because they expect
leverage to decline to below 6.0x in the next 12-18 months
primarily driven by solid revenue and EBITDA growth," commented
John Zhao, a Moody's senior analyst and Vice President. "Favorable
fundamentals in the mental specialty pharmacy sector, in which
Genoa has a niche leadership position, will support the steady
growth in earnings and cash flow."

Moody's took the following rating actions on Genoa, a QoL
Healthcare Company, LLC (New):

Ratings assigned:

Corporate Family Rating at B2

Probability of Default Rating at B2-PD

$50 million first lien senior secured revolving credit facility at
B1, LGD3

$265 million first lien senior secured term loan at B1, LGD3

$155 million second lien senior secured term loan at Caa1, LGD5

Rating outlook is stable

All ratings are subject to Moody's review of final transaction
terms and documentation. The company's existing ratings at Genoa, a
QoL Healthcare Company, LLC, including B2 Corporate Family Rating,
B2-PD Probability of Default Rating, and B2 existing first lien
senior secured credit facility ratings remain unchanged and will be
withdrawn upon closing.

RATINGS RATIONALE

The B2 CFR reflects Genoa's small scale in a narrow market niche,
high leverage, and modest operating margins. The rating also
incorporates business risks associated with the company's heavy
reliance on reimbursement through government programs such as
Medicare and Medicaid for more than 90% of its total revenue, as
well as its high revenue and earnings concentration in several
states. These factors create significant exposure to state budget
pressure and healthcare reform. Moody's expects that governments,
consumers and health care providers will continue to focus on
implementing measures to contain healthcare costs that will
pressure Medicare and Medicaid reimbursement rates over the next
few years.

Despite the initial high leverage (around 7.0x debt/EBITDA), the B2
rating reflects Moody's anticipation of deleveraging over the next
12-18 months to below 6.0x. The rating is also supported by Genoa's
market position as the leading on-site pharmacy operator for
Community Mental Health Centers (CMHCs) in the US The rating also
incorporates the company's continued revenue growth supported by
positive same store sales growth driven by patient population
expansion. The volume ramp-up at newly opened pharmacies as well as
De Novo openings are also driving growth. The company also has a
good recent track record of maintaining and improving its operating
margin despite reimbursement pressures.

Genoa will have a good liquidity position upon completion of the
proposed transaction supported by $5 million of pro forma cash,
$20-25 million of projected free cash flow, and an undrawn $50
million revolver expiring in 2020. The cash sources provide good
coverage for the required term loan amortization. The new revolver
is subject to a springing first lien net leverage ratio if
utilization exceeds 35% but there are no covenants on the term
loans.

The stable outlook reflects Moody's view that the company will
steadily reduce financial leverage through a combination of EBITDA
growth and debt repayment. Moody's expects the company to maintain
a good liquidity profile and a balanced financial policy with
regard to acquisitions and debt reduction.

The ratings could be downgraded if Genoa is unable to de-lever and
its debt/EBITDA remains above 6.5x or free cash flow to total debt
is sustained below 3%. Ratings could also be downgraded if the
company faces significant reimbursement pressures that are not
offset by cost saving and/or growth initiatives. The rating could
also be downgraded if the company engages in material debt-financed
acquisitions or shareholder distributions, or if liquidity
deteriorates.

Moody's does not expect an upgrade in the near to medium term due
to the company's singular industry focus, small scale, revenue
concentration to government payors, and earnings sensitivity to
state and federal budgets. Longer-term, the rating could be
upgraded if Moody's expects Genoa to increase revenue and improve
margins sustainably, as well as diversify its payor base and state
presence. A longer track record of its ability to mitigate
reimbursement rate pressure and adherence to a conservative
financial policy are also necessary for a rating upgrade. In
addition, an upgrade would require adjusted debt/EBITDA to be
sustained below 4.0 times.

Genoa, headquartered in Pittsburgh, Pennsylvania provides on-site
pharmacy services to the patients of community mental health
centers. Genoa operate 241 pharmacies across 35 states as of
December 31, 2014.



GREENSHIFT CORP: Rosenberg Expresses Going Concern Doubt
--------------------------------------------------------
Greenshift Corporation filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing net income of
$1.97 million on $12.8 million of total revenue for the year ended
Dec. 31, 2014, compared to a net loss of $4.43 million on $15.5
million of total revenue for the year ended Dec. 31, 2013.

As of Dec. 31, 2014, Greenshift had $2.08 million in total assets,
$41.8 million in total liabilities and a $39.7 million total
stockholders' deficit.

"We have had a history of operating losses, and may in the future
incur operating losses which could be substantial.  Although our
current licenses may provide sufficient revenue to bring us to
profitability, we may not be able to sustain or increase
profitability thereafter, which could negatively affect the trading
price of our common stock," the Company said in the report.

Rosenberg Rich Baker Berman & Company, in Somerset, NJ, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014.  The accounting firm
noted that the Company had $587,000 in cash, and current
liabilities exceeded current assets by $39.0 million as of Dec. 31,
2014.  In addition, the Company is in default of certain debentures
for which it is negotiating a modification and extension with the
creditors, and, a court issued partial summary judgment that the
Company's corn oil extraction patents are invalid.  These
conditions raise substantial doubt about its ability to continue as
a going concern, the auditors said.  

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

                        http://is.gd/bEf8sf
  
                    About Greenshift Corporation

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


GT ADVANCED: Asks Court to Approve Deal With Kerry Logistics
------------------------------------------------------------
GT Advanced Technologies Inc. has filed a motion seeking court
approval for a deal between its Hong Kong unit and Kerry Logistics
(Hong Kong) Ltd.

The agreement, if approved, would allow GT Advanced Technologies
Limited immediate access to its goods stored in Kerry Logistics
(Hong Kong) Ltd.'s warehouses.

In exchange, GT Advanced's Hong Kong unit will deposit $901,244
into a segregated account to secure its obligations.  Kerry
Logistics will have a "fully perfected replacement lien" on those
funds on condition that its general unsecured claim of $901,244 is
allowed as a secured claim, and the secured claim is not avoided or
declared invalid.

The U.S. Bankruptcy Court for the District of New Hampshire will
hold a hearing on April 16 to consider approval of the agreement.

                  About GT Advanced Technologies

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

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

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

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

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

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

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

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


HIGH RIDGE MANAGEMENT: Case Summary & 8 Largest Unsecured Creditors
-------------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

       Debtor                                      Case No.
       ------                                      --------
       High Ridge Management Corp.                 15-16388
       2421 NE 32 Court
       Lighthouse Point, FL 33064

       Hollywood Hills Rehabilitation Center, LLC  15-16389

       Hollywood Pavilion, LLC                     15-16390

Type of Business:

Chapter 11 Petition Date: April 8, 2015

Court: United States Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Judge: Hon. John K Olson

Debtor's Counsel: Timothy R Bow, Esq.
                  MARKOWITZ, RINGEL, TRUSTY & HARTOG, P.A.
                  101 NE Third Avenue, Suite 1210
                  Fort Lauderdale, FL 33301
                  Tel: 954-767-0030
                  Email: tbow@mrthlaw.com

                      - and -

                  Grace E. Robson, Esq.
                  MARKOWITZ, RINGEL, TRUSTY & HARTOG, P.A.
                  101 NE 3 Ave #1210
                  Fort Lauderdale, FL 33301
                  Tel: 954-767-0030
                  Fax: 954.767.0035
                  Email: grobson@mrthlaw.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Tamir Zury, director.

List of Debtor's eight Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Broward County Records Taxes & Treas.                  Unknown

CMS Regional Office                                    Unknown

FL Agency for Health Care Administration               Unknown

Florida Department of Revenue                          Unknown

Internal Revenue Service                               Unknown
Centralized Insolvency Operations

Isaac & Salgado Grondin, P.L.                          Unknown

John Steinmeyer                                        Unknown
   
Leonore Kallen                                         Unknown


HIGH RIDGE MANAGEMENT: Seeks Chapter 11 Protection in Florida
-------------------------------------------------------------
High Ridge Management Corp., Hollywood Pavilion and Hollywood Hills
Rehabilitation Center LLC, sought Chapter 11 protection (Banrk.
S.D. Fla. Lead Case No. 15-16388) in Fort Lauderdale, Florida, on
April 8, 2015.

High Ridge estimated $10 million to $50 million in assets and debt.
High Ridge owns real property located at 1200 North 35th Avenue
and 1201 North 37th Avenue, Hollywood, Florida, and is the landlord
of Pavilion and Hollywood Hills.  Before executing a management
agreement with Larkin Community Hospital, Pavilion was operating a
50-bed Florida-licensed mental health hospital on the real
property.  Before the appointment of a receiver, Hollywood Hills
operated a 152-bed Florida-licensed nursing home on the real
property.

High Ridge is the 100 percent owner of the membership interests in
Hollywood Hills and Pavilion.  Prior to Jan. 14, 2014, when a
receiver was appointed, High Ridge managed the operations for
Pavilion and Hollywood Hills.

The Debtors are seeking joint administration of their Chapter 11
cases.  

Timothy R Bow, Esq., and Grace E. Robson, Esq., at Markowitz Ringel
Trusty + Hartog, in Fort Lauderdale, Florida, serve as counsel.


HIPCRICKET INC: Creditors Have Until May 4 to File Proofs of Claim
------------------------------------------------------------------
The Bankruptcy Court established May 4, 2015, at 4:00 p.m., as the
deadline for any individual or entity to file proofs of claim
against Hipcricket, Inc.  The Court also set the governmental units
bar date for July 19, at 4:00 p.m.

Proofs of claim must be submitted to the Debtor's claims agent --
Rust Consulting Omni Bankruptcy -- or with the:

         Clerk of the Bankruptcy Court
         District of Delaware
         824 Market Street, 3rd Floor
         Wilmington, DE 19801

                         About Hipcricket

Headquartered in Bellevue, Washington, Hipcricket, Inc., formerly
known as Augme Technologies, is a publicly held Delaware
corporation.  Hipcricket is in the business of providing
end-to-end, data-driven mobile advertising and marketing solutions
through its proprietary AD LIFE software-as-a service platform --
a
proprietary, mobile engagement platform for businesses to
communicate with customers through cellphones, tablets and other
mobile devices.  The Company had 77 full-time employees as of the
bankruptcy filing.

Hipcricket sought Chapter 11 protection (Bankr. D. Del. Case No.
15-10104) on Jan. 20, 2015, with a deal to sell its assets.

The Debtor has tapped Pachulski Stang Ziehl & Jones LLP as
counsel,
Canaccord Genuity Inc. as investment banker, Perkins Coie LLP as
special corporate counsel, and Omni Management Group, LLC, as
claims and noticing agent.

As of Jan. 20, 2015, the Company had total assets of $16.8 million
and liabilities of $12.06 million.


HOP 1 ENTERPRISES: Files for Chapter 11 Bankruptcy Protection
-------------------------------------------------------------
Andrew Gomes at Star Advertiser reports that HOP 1 Enterprises
Inc. has filed for Chapter 11 bankruptcy protection in the U.S.
Bankruptcy Court in Honolulu to keep Kahului's International House
of Pancakes in business.

Star Advertiser relates that the Company owes $1.3 million in debts
and faces tax liens by the state and IRS.

HOP 1 Enterprises Inc. owns IHOP in Maui, Hawaii, and is led by
Ernesto Abarro.


JOHN EMMONS TAEKWONDO: Case Summary & 5 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: John Emmons Taekwondo, Inc.
        1050 Aeronautical Drive
        Kissimmee, FL 34744

Case No.: 15-03102

Chapter 11 Petition Date: April 8, 2015

Court: United States Bankruptcy Court
       Middle District of Florida (Orlando)

Debtor's Counsel: Brian D Solomon, Esq.
                  BRIAN D. SOLOMON, P.L.
                  1311 Indiana Avenue
                  Saint Cloud, FL 34769
                  Tel: (407) 957-0077
                  Fax: (407) 641-8503
                  Email: bsolomon@solomon-law.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by John Emmons, president.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/flmb15-03102.pdf


JOLIE HOLDINGS: Case Summary & Largest Unsecured Creditor
---------------------------------------------------------
Debtor: Jolie Holdings Realty L.P.
        304 & 306 Camer Road
        Bensalem, PA 19020

Case No.: 15-12426

Chapter 11 Petition Date: April 8, 2015

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Hon. Jean K. FitzSimon

Debtor's Counsel: Albert A. Ciardi, III, Esq.
                  CIARDI CIARDI & ASTIN, P.C.
                  One Commerce Square
                  2005 Market Street, Suite 3500
                  Philadelphia, PA 19103
                  Tel: (215) 557-3550
                  Fax: 215-557-3551
                  Email: aciardi@ciardilaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Judith Ann Capponi, president of general
partner Jolie Holdings Realty Mgmt, Inc.

The Debtor listed Bucks County Tax Claim Bureau as its largest
unsecured creditor holding a claim of $11,000.

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

          http://bankrupt.com/misc/paeb15-12426.pdf


KARMALOOP INC: US Trustee Forms Unsecured Creditors' Committee
--------------------------------------------------------------
The U.S. Trustee for Region 3 appointed five creditors of Karmaloop
Inc. to serve on the official committee of unsecured creditors.

The unsecured creditors' committee is composed of:

     (1) eBay Enterprise Inc.
         f/k/a GSI Commerce Solutions Inc.
         Attn: Howard Sherman
         935 First Avenue
         King of Prussia, Pennsylvania
         Phone: (610) 491-4254

     (2) Insight Venture Partners VI
         Attn: Eric Goldstein
         1114 Avenue of Americas, 36th Floor
         New York, New York 10036
         Phone: 212-931-5307
         Fax: 212-230-9272

     (3) Over Everything LLC
         dba The Collective
         Attn: Tadd Crave
         501 10th Avenue
         New York, New York
         Phone: 917-262-1166

     (4) Catherine McEnroe
         Phone: (516) 627-6507.

     (5) Vcare Technology
         Attn: Salil Gupta
         5000 Atrium Way, Suite 8
         Mount Laurel, NJ 08854
         Phone: 848-219-0935

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

                       About Karmaloop Inc.

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

nearly 5 million monthly unique visitors, 2.2 million Facebook
followers and 800,000 Twitter followers.

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

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


KIOR INC: Ch. 11 Plan Goes to June 3 Confirmation Hearing
---------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware will convene a hearing on June 3, 2015, at
10:00 a.m. (EDT), to consider confirmation of Kior, Inc.'s Chapter
11 plan of reorganization.  Judge Sontchi approved the disclosure
statement explaining the Plan on April 9.

The Court sets May 20 as the last day for filing objections,
comments and responses to the Plan.  The Debtor and any Plan
Support Party may file one or more responses in support of the
confirmation of the Plan on or before May 29.

The Debtor amended the disclosure statement to provide that all of
the Debtor's existing equity interests will be cancelled and the
Debtor will issue new equity interests to the holders of the DIP
Financing Claims and the Debtor's prepetition First Lien Claims in
exchange for the cancellation of $29 million of the indebtedness.


The Plan also provides for the creation of a Liquidating Trust
which will be funded with (i) cash designated for Class 7
continuing trade creditors, (ii) $100,000, and (iii) the transfer
of certain claims and causes of action that belong to the estate.
The Reorganized Debtor will be funded through an Exit Facility
consisting of a conversion of the DIP Financing Claims (under the
current DIP Financing, in the approximate amount of $15,273,500,
plus any amounts under the proposed DIP Amendment, which seeks up
to an additional approximately $14 million for a total $29 million)
and the conversion of any amount of the Debtor's prepetition First
Lien Claims.

A blacklined version of the Disclosure Statement dated April 8 is
available at http://bankrupt.com/misc/KIORds0408.pdf

                            About KiOR Inc.

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

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

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

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

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


LA4EVER LLC: Case Summary & Largest Unsecured Creditors
-------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

        Debtor                             Case No.
        ------                             --------
        LA4Ever, LLC                       15-30546
        P.O. Box 2956
        New Haven, CT 06515

        LLCD, LLC                          15-30547
        P.O. Box 2956
        New Haven, CT 06515

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: April 8, 2015

Court: United States Bankruptcy Court
       District of Connecticut (New Haven)

Judge: Hon. Julie A. Manning

Debtors' Counsel: Carl T. Gulliver, Esq.
                  COAN LEWENDON GULLIVER & MILTENBERGER, LLC
                  495 Orange Street
                  New Haven, CT 06511
                  Tel: (203) 624-4756
                  Fax: 203-865-3673
                  Email: cgulliver@coanlewendon.com

                                    Estimated   Estimated
                                      Assets   Liabilities
                                   ----------  -----------
LA4Ever, LLC                       $500K-$1MM   $1MM-$10MM
LLCD, LLC                          $500K-$1MM   $500K-$1MM

The petition was signed by Daphne Benas, member.

A list of LA4Ever, LLC's nine largest unsecured creditors is
available for free at http://bankrupt.com/misc/ctb15-30546.pdf

A list of LLCD, LLC's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/ctb15-30547.pdf


LEGACY HOME HEALTH: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Legacy Home Health Agency, Inc.
        6655 First Park 10 Blvd.
        San Antonio, TX 78213

Case No.: 15-50902

Chapter 11 Petition Date: April 8, 2015

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Hon. Ronald B. King

Debtor's Counsel: William R. Davis, Jr, Esq.
                  LANGLEY & BANACK, INC.
                  745 E Mulberry Ave, Suite 900
                  San Antonio, TX 78212
                  Tel: (210) 736-6600
                  Fax: (210) 735-6889
                  Email: wrdavis@langleybanack.com

Total Assets: $1.7 million

Total Liabilities: $456,791

The petition was signed by Ambrose Hernandez, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txwb15-50902.pdf


LITTLEFORD DAY: Files for Chapter 11; Might Sell Co. to Loedige
---------------------------------------------------------------
Littleford Day, Inc., filed for Chapter 11 bankruptcy protection
(Bankr. D. Del. Case No. 15-10722) on April 2, 2015, estimating its
assets and liabilities at between $1 million and $10 million each.
The petition was signed by Glenn Sherill Vice, interim CEO.

Michael Joseph Joyce, Esq., and Kevin Scott Mann, Esq., at Cross &
Simon, LLC, serve as the Company's local counsel.  McGuire Woods
LLP is the Company's general bankruptcy counsel.

Chuck Kunz III, writing for Jdsupra.com, relates that Judge Kevin
Gross presides over the case.

The Company, according to court documents, cut its workforce over
the past year from 65 to 27 on the Petition Date.  J. Garvin
Warden, the Company's chief restructuring officer, said in the
court documents that despite good faith efforts to reduce costs and
enhance revenue, the Company has been unable to maintain adequate
cash flow to satisfy its mounting obligations.  Mr. Warden
explained that the Company has explored various restructuring
strategies, but has determined that a sale offers the best
opportunity to get the best value for the company.

Jdsupra.com relates that the Company has determined to enter
bankruptcy with Loedige Littleford Process Technology, LLC, as a
stalking horse.   Loedige Littleford is offering $1.75 million for
the Company, the report says.

The Company has no available line of credit as of the Petition Date
and is only able to operate with debtor-in-possession financing,
Jdsupra.com states.  According to the report, Loedige Littleford
has agreed to provide a $750,000 DIP facility in connection with
its stalking horse bid.

Headquartered in Florence, Kentucky, Littleford Day, Inc. --
http://www.littleford.com/-- supplies industrial mixers, dryers
and reactors.  It has been in business since 1882.


LOCAL CORP: BDO USA Expresses Going Concern Doubt
-------------------------------------------------
Local Corporation filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K for the year ended Dec.
31, 2014.

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

The Company reported a net loss of $5.50 million on $83.1 million
of revenue for the year ended Dec. 31, 2014, compared to a net loss
of $10.4 million on $94.4 million of revenue in the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $38.1 million
in total assets, $22.5 million in total liabilities, and total
stockholders' equity of $15.6 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/X2hDLv
                          
Local Corporation helps consumers search and find local businesses,
products and services online through Local.com and its other
websites.  The Irvine California-based Company generates revenue
from ad units placed alongside its search results, which include
pay-per-click, pay-per-call, and display ad units.


LONGVIEW POWER: Asks Court to Extend Deadline to Remove Suits
-------------------------------------------------------------
Longview Power LLC has filed a motion seeking additional time to
remove lawsuits involving the company and its affiliates.

In its motion, Longview asked the U.S. Bankruptcy Court in Delaware
to allow the company to remove the lawsuits until the effective
date of its Chapter 11 plan of reorganization.

The extension, if granted, would give the company enough time to
make "fully-informed decisions" concerning removal of the lawsuits,
according to its lawyer, Zachary Shapiro, Esq., at Richards Layton
& Finger P.A., in Wilmington, Delaware.

The motion is on Judge Brendan Shannon's calendar for April 15,
2015.

                       About Longview Power

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

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

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

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

Judge Brendan Linehan Shannon on March 16, 2015, confirmed the
Debtors' Second Amended Joint Plan of Reorganization.  The Plan
incorporates the settlement among the Debtors, First American Title
Insurance Company, and their contractors Amec Foster
Wheeler North America, Kvaerner, and Siemens Energy, Inc.


MARINA BIOTECH: Amends $25 Million Securities Prospectus
--------------------------------------------------------
Marina Biotech, Inc. filed with the Securities and Exchange
Commission an amended Form S-1 registration statement relating to
the offering 43,103,448 units, assuming a public offering price of
$0.58 per unit, the closing price for the Company's common stock on
the OTCQB on April 2, 2015, with an aggregate market value of 
$25,000,000.  

Each unit will consist of (i) one share of the Company's common
stock, par value $0.006 per share and (ii) a warrant to purchase up
to 0.75 shares of the Company's common stock.  No units will be
issued, however, and purchasers will receive only shares of common
stock and warrants.  The common stock and warrants may be
transferred separately immediately upon issuance.  

The Company's common stock is traded on the OTCQB under the symbol
"MRNA."  The Company does not intend to list the warrants on any
securities exchange or other trading market and the Company does
not expect that a public trading market will develop for the
warrants.  Without an active market, the liquidity of the warrants
will be limited.

A full-text copy of the amended prospectus is available at:

                        http://is.gd/tuFxwy

                        About Marina Biotech

Marina Biotech, Inc., headquartered in Bothell, Washington, is a
biotechnology company focused on the discovery, development and
commercialization of nucleic acid-based therapies utilizing gene
silencing approaches such as RNA interference ("RNAi") and
blocking messenger RNA ("mRNA") translation.  The Company's goal
is to improve human health through the development, either through
its own efforts or those of its collaboration partners and
licensees, of these nucleic acid-based therapeutics as well as the
delivery technologies that together provide superior treatment
options for patients.  The Company has multiple proprietary
technologies integrated into a broad nucleic acid-based drug
discovery platform, with the capability to deliver novel nucleic
acid-based therapeutics via systemic, local and oral
administration to target a wide range of human diseases, based on
the unique characteristics of the cells and organs involved in
each disease.

On June 1, 2012, the Company announced that, due to its financial
condition, it had implemented a furlough of approximately 90% of
its employees and ceased substantially all day-to-day operations.
Since that time substantially all of the furloughed employees have
been terminated.  As of Sept. 30, 2012, the Company had
approximately 11 remaining employees, including all of its
executive officers, all of whom are either furloughed or working
on reduced salary.  As a result, since June 1, 2012, its internal
research and development efforts have been minimal, pending
receipt of adequate funding.

Marina Biotech reported a net loss of $6.47 million on $500,000 of
license and other revenue for the year ended Dec. 31, 2014,
compared to a net loss of $1.57 million on $2.11 million of license
and other revenue in 2013.

As of Dec. 31, 2014, Marina Biotech had $9.21 million in total
assets, $13.58 million in total liabilities, and a $4.37 million
stockholders' deficit.

Wolf & Company, P.C., in Boston, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing the Company has suffered
recurring losses from operations, has a significant accumulated
deficit and has been unable to raise sufficient capital to fund its
operations through the end of 2015.  This raises substantial doubt
about the Company's ability to continue as a going concern, the
auditors noted.


MEDBOX INC: Marcum LLP Raises Going Concern Doubt
-------------------------------------------------
Medbox, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K for the year ended Dec.
31, 2014.

Marcum LLP expressed substantial doubt about the Company's ability
to continue as a going concern, citing that the Company has a
significant working capital deficit and an accumulated deficit as
of Dec. 31, 2014, and has incurred a significant net loss and
negative cash flows from operations for the year then ended.

The Company reported a net loss of $16.5 million on $629,000 of net
revenue for the year ended Dec. 31, 2014, compared to a net loss of
$3.79 million on $2.06 of net revenue in the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $4.26 million
in total assets, $12.3 million in total liabilities, and a
stockholders' deficit of $8.05 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/98nVmg
                          
Medbox, Inc., offers patented systems, software and consulting
services for pharmacies, alternative medicine dispensaries and
local governments in the United States.  The Company's subsidiary,
Medbox CBD, Inc. specializes in hemp-oil concentrates and
development of pharmaceutical products derived from cannabis.


MILACRON INTERMEDIATE: Moody's Cut Corporate Family Rating to B3
----------------------------------------------------------------
Moody's Investors Service downgraded Milacron Intermediate Holdings
Inc.'s Corporate Family Rating (CFR) to B3 from B2 and the
Probability of Default rating to B3-PD from B2-PD following the
company's announcement of a debt-funded dividend to its equity
sponsor, CCMP Capital Advisors. Moody's also assigned a B2 to
Milacron's new senior secured term loan B that will fund the
proposed dividend as well as refinance the company's existing
senior secured term loan B and senior secured notes. In addition,
Moody's downgraded the senior unsecured notes to Caa2 from Caa1
which are held at Milacron LLC and Mcron Finance Corp, co-issuers.
The existing term loan B rating of B1 and senior secured notes
rating of B1 are unaffected at this time but will be withdrawn upon
closing of the transaction. The rating outlook is stable.

The downgrade reflects the meaningful increase in debt-to-EBITDA
leverage as a result of the proposed transaction, and Moody's
expectation that leverage will remain above 6.0x over the next
12-18 months notwithstanding projected earnings growth.

Moody's took the following rating actions:

Ratings downgraded:

Milacron Intermediate Holdings Inc.

-- Corporate Family Ratings, to B3 from B2

-- Probability of Default, to B3-PD from B2-PD

Milacron LLC (Co-Issued by Mcron Finance Corp)

-- Senior Unsecured Notes, to Caa2 (LGD5) from Caa1 (LGD5)

Rating assigned:

Milacron LLC

-- Senior Secured Term Loan B, at B2 (LGD3)

Ratings to be withdrawn at transaction close:

Milacron LLC

-- Senior Secured Term Loan B, currently B1 (LGD3)

Mcron Finance Corp (Co-Issued by Milacron LLC)

-- Senior Secured Notes, currently B1 (LGD3)

Rating outlook is Stable

RATINGS RATIONALE

Milacron's B3 CFR reflects its high leverage - Moody's adjusted
debt-to-EBITDA is approaching 7x following the dividend
recapitalization - moderate size, modest free cash flow and
vulnerability to cyclical client spending on capital plastic
processing equipment and related products. The rating is supported
by a large installed base of equipment, diversified product mix
within the plastic processing business equipment market and
adequate liquidity position. Although it serves a diverse
collection of end-markets, demand will continue to be affected by
cyclical trends in capital expenditures, industrial production and
construction activity.

Milacron's margins have significantly improved since the operations
were acquired out of bankruptcy in 2009. This has developed as a
result of stronger volumes and capacity utilization, the
acquisition of the higher-margin Mold-Masters business and
restructuring initiatives, which have boosted profitability and
lowered the fixed cost structure. Ongoing actions to achieve
further synergies and operating efficiencies are expected to
improve profitability as well as broaden the company's penetration
into less cyclical end-markets. Free cash flow was negative in 2014
and will again be constrained in 2015 by higher working capital
needs and the capital investment required for consolidation of its
European manufacturing footprint. Nonetheless, Moody's expects
capital expenditures to return to a more normal run rate in 2016,
enabling improved free cash flow and the potential for accelerated
debt repayment. Debt levels are unlikely to materially decline in
2015 unless proceeds from a potential initial public offering (IPO
- Form S-1 filed in early April 2015) are used for repayment.
Moody's does not factor the potential IPO into the B3 CFR given the
uncertainty regarding completion, the size of any offering, and the
use of proceeds. However, a significant reduction in debt and
leverage could lead to an upgrade.

The stable rating outlook reflects prospects for sustained revenue
growth and profitability earned across diverse end-markets. The
capital goods sector remains cyclical but the shorter life-cycle of
Mold-Masters' products and their stronger growth prospects reduces
variability in Milacron's operations. In addition, the high
percentage of consumable revenues provides some degree of revenue
visibility/predictability. Moody's also expects that ongoing
facility consolidation and cost-saving initiatives will improve
margins throughout 2015 and beyond. The stable outlook is further
supported by adequate liquidity, which benefits from a material
cash balance and availability under the company's committed back-up
facilities, as well as a protracted debt maturity profile.

A decline in debt-to-EBITDA meaningfully below 6x and FCF-to-debt
approaching 5% could lead to higher ratings. Significantly higher
margins stemming from cost savings and higher manufacturing
capacity utilization would also be viewed favorably. The
application of the potential IPO proceeds to pay down debt and
reduce leverage, depending on the magnitude, could create upward
rating momentum. The ratings would face downward pressure if
debt-to-EBITDA remained near the currently elevated level for an
extended period of time or the company experienced a marked
deterioration in EBITA-to-interest coverage. Similarly, a material
decline in revenue, EBITA margin erosion or negative free cash flow
could adversely affect the ratings.

Milacron Intermediate Holdings Inc., through its wholly-owned
subsidiary, Milacron LLC, produces equipment and supplies used in
plastics-processing as well as premium fluids used in metalworking.
Headquartered in Cincinnati, OH, the company had revenues of
approximately $1.2 billion in 2014.



MOUNTAIN PROVINCE: Closes $370 Million Term Loan Facility
---------------------------------------------------------
Mountain Province Diamonds Inc. has closed the previously announced
US$370M term loan facility with a syndicate of lenders led by
Natixis S.A., Scotiabank and Nedbank Ltd., and including ING
Capital LLC, Export Development Canada and the Bank of Montreal.
The maximum term of the Facility is seven years and the interest
rate is US$ LIBOR plus 5.5 percent.

Closing of the Facility completes the Company's anticipated funding
requirements for the balance of the capital and working capital
required for the construction and commissioning of the Gahcho Kue
diamond mine and to achieve planned commercial production.
Continuing drawdown against the Facility and its maintenance is
dependent, from time to time, upon the satisfaction or waiver of
certain conditions.

Mountain Province also announced that all deliveries of equipment
and supplies planned for the 2015 ice road were completed on
schedule at the end of March 2015.  This clears the way for the
completion of major construction of the Gahcho Kué diamond mine.
The overall mine development remains on schedule and within budget
with first production expected in H2 2016.

                  About Mountain Province Diamonds

Headquartered in Toronto, Canada, Mountain Province Diamonds Inc.
(TSX: MPV, NYSE AMEX: MDM) -- http://www.mountainprovince.com/--
is a Canadian resource company in the process of permitting and
developing a diamond deposit known as the "Gahcho Kue Project"
located in the Northwest Territories of Canada.  The Company's
primary asset is its 49 percent interest in the Gahcho Kue
Project.

Mountain Province reported a net loss of C$26.6 million in 2013,
a net loss of C$3.33 million in 2012 and a net loss of C$11.5
million in 2011.  The Company's balance sheet at Sept. 30, 2014,
showed C$200.8 million in total assets, C$41.4 million in total
liabilities and C$159 million in total shareholders' equity.

                           Going Concern

"The Company currently has no source of revenues.  In the years
ended December 31, 2013, 2012 and 2011, the Company incurred
losses, had negative cash flows from operating activities, and
will be required to obtain additional sources of financing to
complete its business plans going into the future.  Although the
Company had working capital of $35,133,368 at December 31, 2013,
including $35,687,694 of cash and short-term investments, the
Company has insufficient capital to finance its operations and the
Company's share of development costs of the Gahcho Kue Project
(Note 8) over the next 12 months.  The Company is currently
investigating various sources of additional funding to increase
the cash balances required for ongoing operations over the
foreseeable future.  These additional sources include, but are not
limited to, share offerings, private placements, rights offerings,
credit and debt facilities, as well as the exercise of outstanding
options.  However, there is no certainty that the Company will be
able to obtain financing from any of those sources.  These
conditions indicate the existence of a material uncertainty that
results in substantial doubt as to the Company's ability to
continue as a going concern," the Company said in the 2013 Annual
Report.


MUSSI REALTY: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Mussi Realty, LLC
        1405 South Atherton Street
        State College, PA 16801

Case No.: 15-01441

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: April 8, 2015

Court: United States Bankruptcy Court
       Middle District of Pennsylvania (Williamsport)

Judge: Hon. John J Thomas

Debtor's Counsel: Donald M Hahn, Esq.
                  STOVER MCLAUGHLIN GERACE ET AL
                  122 East High Street
                  PO Box 209
                  Bellefonte, PA 16823
                  Tel: 814 355-8235
                  Fax: 814 355-1304
                  Email: dhahn@nittanylaw.com

Total Assets: $2.8 million

Total Debts: $3.18 million

The petition was signed by Lynda L. Mussi, president.

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


NAVIENT CORP: Fitch Affirms 'BB' Issuer Default Rating
------------------------------------------------------
Fitch Ratings has affirmed Navient Corporation's (Navient)
long-term Issuer Default Rating (IDR) at 'BB' and short-term IDR at
'B'.  The Rating Outlook is Stable.

Navient's rating review was conducted as part of Fitch's periodic
peer review of U.S. consumer finance companies.

KEY RATING DRIVERS - IDRs and Senior Unsecured Debt

The rating affirmations and Stable Outlook reflect Navient's strong
market position and demonstrated servicing track record (as part of
its predecessor organization) in the student loan servicing space,
low risk and predictable cash flow nature of its federal student
loan assets and fee-based businesses, appropriate risk-adjusted
capitalization, adequate liquidity and seasoned management team.

Rating constraints include Navient's concentrated business model,
reliance on wholesale funding sources, long-term strategic
uncertainty and execution risk associated with generating new
earnings and cash flow streams to replace the run-off student loan
portfolio, potential refinance risk with existing debt maturities,
and continued elevated regulatory, legislative and litigation
risk.

The vast majority of Navient's $146.4 billion of assets ($41.1
billion of FFELP Stafford loans, $63.5 billion of FFELP
Consolidation loans and $29.8 billion of private loans) at
Dec. 31, 2014 were in run-off mode, which means federal student
loan servicing and other contingency collections are the primary
sources of core earnings growth.  That said, the student loan
portfolio will amortize over an extended period of time which,
Fitch believes, will provide the company with adequate time to
attempt to execute on its strategic objectives.

As of Dec. 31, 2014, the weighted-average lives of Navient's FFELP
Stafford and FFELP Consolidation portfolios were 4.8 years and 9.0
years, respectively, assuming constant prepayment rates (CPRs) of
4% and 3%, respectively.  The weighted-average life of the private
student loan portfolio was seven years, assuming a CPR of 5% at
Dec. 31, 2014.

Navient continues to pursue opportunistic acquisitions of student
loan assets to replace portfolio amortization and maintain
operating scale.  During 2014, Navient acquired $13 billion in
student loan assets including $11.3 billion of FFELP loans and $1.6
billion of private loans.  Although acquisitions create additional
earnings capacity, Fitch believes they could also introduce
incremental risk depending on the purchase details (e.g. size and
price) and amount of leverage utilized.

Navient's success in growing its existing servicing and collection
businesses and expanding into new adjacent businesses has been
mixed.  The Bipartisan Budget Act which became effective on July 1,
2014, reduced the fees Navient can earn for rehabilitating
defaulted FFELP Loans.  According to Navient, The Budget Act
reduced fee income by approximately $78 million in 2014.

On Feb. 21, 2015, Navient's contract with the Department of
Education (ED) to collect defaulted federal student loans expired
and was not renewed.  The ED has since issued a request for
proposals for similar services and Navient has submitted a bid.
However, there can be no assurance that Navient will be awarded a
new contract or, if successful, at what terms.  In 2014, revenue
related to this contract totaled $65 million, or 2% of total 2014
core earnings net revenue.

Navient's contract with the ED to service federal student loans was
extended on Aug. 27, 2014, by five years, through June 2019. The
new contract includes revised performance metrics, an updated
allocation methodology, and provides incentives for keeping
borrowers in good standing and reducing delinquencies.  Fitch
believes these changes could benefit servicers such as Navient,
whose servicing track records align with the revised performance
metrics.  That said, the potential pool of new DSLP borrowers will
be reduced, as the new contract now allocates 25% of new borrowers
to not-for-profit servicers.  Not-for-profit servicers previously
only serviced existing loans.  As a result, the four current
primary ED loan servicers (Navient, Nelnet, Great Lakes Educational
Loan Services, Inc., and the Pennsylvania Higher Education
Assistance Agency) will be competing for a smaller allocation than
in the past.  Navient's current allocation under the ED servicing
contract is 24% and the company earned $130 million of revenue from
the contract in 2014, or 5% of total 2014 core earnings net
revenue.

Despite these challenges, Navient has continued to pursue its
fee-based business growth strategy.  On Feb. 25, 2015, Navient
announced its acquisition of Gila LLC (commonly known as Municipal
Services Bureau, or MSB), an asset recovery and business process
outsourcing firm focused on the state and local government market
and serving more than 600 clients in 39 states.  Navient expects
MSB to generate approximately $70 million in revenue in 2015. Fitch
views the acquisition positively as it enhances Navient's earnings
capacity and accelerates its growth strategy into the asset
recovery business and beyond the education loan markets.

Fitch believes Navient's future operating cash flows will be
sufficient to service upcoming unsecured debt maturities.  However,
Fitch recognizes that Navient's ability to meet its debt
obligations could become pressured in a scenario where multiple
variables are simultaneously stressed.  For example, if Navient
were to aggressively return capital to shareholders and operate
with a marginal cash cushion, and subsequently suffer a
deterioration in its asset quality during a period of capital
markets dislocation, the company's ability to meet its debt
obligations could be greatly reduced.

RATING SENSITIVITIES - IDRs an Senior Unsecured Debt

Fitch believes positive ratings momentum is limited in the near
term.  However, demonstrated access to the unsecured debt markets
at reasonable cost, meaningful improvements in core fee-business
operating performance, portfolio acquisitions on attractive terms
which increase future earnings capacity, a demonstrated ability to
successfully launch new businesses, and reductions in leverage
could support positive ratings momentum longer term.

Negative ratings momentum could develop from an inability to access
the unsecured debt markets at favourable terms for refinancing
purposes, significant shareholder distributions, deteriorating
credit performance, or changes to the current capital allocation
methodology which weaken Navient's capitalization profile.

Negative rating momentum could also develop from
higher-than-expected loan prepayment activity, new and more onerous
rules and regulations, reductions to unencumbered asset coverage of
unsecured debt resulting from changes in asset or derivative
values, or from declines in fee earnings resulting from a loss of
or sustained reduction in key contracts and/or other
relationships.

Fitch has affirmed these ratings:

Navient Corporation Inc.

   -- Long-term IDR at 'BB';
   -- Short-term IDR at 'B'
   -- Senior unsecured debt at 'BB';

The Rating Outlook is Stable.



NEUROTROPE INC: Friedman Expresses Going Concern Doubt
------------------------------------------------------
Neurotrope, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K for the year ended Dec.
31, 2014.

Friedman LLP expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company has
sustained recurring losses from operations, has significant
contractual commitments, and has not yet generated any revenues.

The Company reported a net loss of $9.25 million for the year ended
Dec. 31, 2014, compared to a net loss of $7.59 million in the prior
year.

The Company's balance sheet at Dec. 31, 2014, showed $8.16 million
in total assets, $1.29 million in total liabilities, $18.5 million
in convertible redeemable preferred stock, and a stockholders'
deficit of $11.7 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/b94edC
                          
Neurotrope, Inc. operates as a clinical stage biopharmaceutical and
diagnostics company.  It focuses on developing and marketing two
product platforms, including a minimally-invasive diagnostic test
for Alzheimer's disease and a drug candidate, known as bryostatin
for the treatment of Alzheimer's disease, both of which are in the
clinical testing stage.  The company was founded in 2012 and is
based in Newark, New Jersey.


PARTY CITY: Moody's Says IPO Filing is Credit Positive
------------------------------------------------------
Moody's Investors Service said that Party City Holdings Inc.'s
("Party City", B3 stable) planned Initial Public Offering (IPO) is
a credit positive because if completed, it will result in lower
debt levels and improved debt protection metrics. However, given
the uncertainty regarding the IPO's completion and amount of debt
repaid, Party City's ratings and outlook remain unchanged at this
time.

Party City Holdings Inc. is a designer, manufacturer, distributor
and retailer of party goods and related accessories. The company's
retail brands principally include Party City and Halloween City.
Total revenues approached $2.3 billion for the year ended December
31, 2014. The company is majority owned by Thomas H. Lee Partners,
L.P. ("THL").



PHOTOMEDEX INC: no!no! Brand Returns to Japan
---------------------------------------------
PhotoMedex, Inc., announced the signing of an exclusive
distribution agreement by its Radiancy Inc. subsidiary with Synergy
Trading Corporation for certain no!no! products in Japan.  Synergy
Trading Corporation, based in Osaka, has been a leading Japanese
importer of consumer products for more than a decade, managing
multinational brands from the U.S. and Europe.

This agreement includes Radiancy's no!no! 8800 and no!no! PRO.  In
addition, Synergy will launch two new no!no! models during 2016 and
has a right of first refusal to market additional Radiancy consumer
products.  The agreement runs through Dec. 31, 2016, and is
renewable thereafter.  Synergy placed an initial stocking order of
$1.2 million for immediate shipment.

Synergy is best known for bringing SodaStream to Japanese
consumers.  Among the many other well-known international consumer
brands Synergy markets in Japan are Mercedes-Benz bicycles, Rollie
Eggmaster, Flex Seal and Flex Shot.  The company has 50 employees
and annual revenues of approximately $60 million.

"Synergy Trading Corporation, with its proven marketing
capabilities and a strong track record with global brands, is an
ideal choice for no!no! in Japan," commented Dr. Dolev Rafaeli,
chief executive officer of PhotoMedex.  "Synergy's President and
CEO, Mr. Toshihiro Haranaka, has built a powerhouse marketer in
only 15 years. Their reach includes more than 6,000 retail sites
including all the leading department stores, specialty electronics
stores and general merchandisers throughout Japan.  In addition,
Synergy's print, television, radio and web-based advertising and
its established call center will support the return of no!no! to a
country that historically accounted for a significant portion of
our consumer sales."

"no!no! Hair is held in high regard by consumers in Japan and we
are confident in the brand's strength to regain its leading
position in the Japanese market," said Mr. Haranaka.  "We are
honored that PhotoMedex and its Radiancy subsidiary have placed
their confidence in Synergy's capabilities.  Our company's
trademark four-leaf clover demonstrates the four S's upon which we
were founded, namely Sincerity, Speed, Something new and Success.
We are confident our commitment to each of these will benefit the
no!no! brand across Japan when we begin sales and marketing
activities."

no!no! Hair was launched in 2007 and revolutionized hair removal by
answering the ever-growing demand for professional, pain-free hair
removal that can be performed in the comfort and convenience of the
home.  The device offers a solution to unwanted hair of all types
and skin colors by instantly removing hair with no pain, no mess
and no chemicals. Based on the patented and exclusive Thermicon
technology, no!no! uses heat to remove hair and get weeks of
lasting results, making it universally safe and effective for
everyone.

To date more than 6 million no!no! Hair devices have been sold
worldwide, including more than 1.3 million sold in Japan since the
product was launched there in 2008.  In 2012 GfK Japan found that
no!no! Hair was the leading women's hair-removal device in Japan,
accounting for 53% of all retail sales during the six months ended
March 31, 2012.

                         About PhotoMedex

PhotoMedex, Inc., is a global health products and services company
providing integrated disease management and aesthetic solutions to
dermatologists, professional aestheticians, ophthalmologists,
optometrists, consumers and patients.  The Company provides
proprietary products and services that address skin conditions
including psoriasis, vitiligo, acne, actinic keratosis, photo
damage and unwanted hair, as well as fixed-site laser vision
correction services at our LasikPlus(R) vision centers.

PhotoMedex and its subsidiaries has entered into a second
amended and restated forbearance agreement with the lenders that
are parties to the credit agreement dated May 12, 2014, and with JP
Morgan Chase, as administrative agent for the Lenders pursuant to
which the Lender have agreed to forbear from exercising their
rights and remedies with respect to certain events of default from
Aug. 25, 2014, until April 1, 2016, or earlier if an event of
default occurs, according to a document filed with the Securities
and Exchange Commission in March 2015.

As of Dec. 31, 2014, PhotoMedex had $188 million in total assets,
$145 million in total liabilities and $42.3 million in total
stockholders' equity.

                        Bankruptcy Warning

"If, in the future, PhotoMedex is required to obtain similar
forbearance agreements as a result of our inability to meet the
terms of the credit agreement, there can be no assurance that those
forbearance agreements will be available on commercially reasonable
terms or at all.  If, as or when required, we are unable to repay,
refinance or restructure our indebtedness under those credit
facilities, or amend the covenants contained therein, the lenders
could elect to terminate their commitments under the credit
facilities and institute foreclosure proceedings against our
assets.  Under such circumstances, we could be forced into
bankruptcy or liquidation.  In addition, any additional events of
default or declaration of acceleration under one of those
facilities or the forbearance agreement could also result in an
event of default under one or more of these agreements.  Such a
declaration would have a material adverse impact on our liquidity,
financial position and results of operations," the Company stated
in its 2014 annual report.


PITT ELECTRIC: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Pitt Electric Incorporated
           dba Pitt Electric, Incorporated and J. G. Taylor Co.
           aka Pitt Electric
           aka Pitt Electric, Inc.
        1028 Brompton Lane
        Greenville, NC 27834

Case No.: 15-01965

Chapter 11 Petition Date: April 8, 2015

Court: United States Bankruptcy Court
       Eastern District of North Carolina

Judge: Hon. David M. Warren

Debtor's Counsel: David J Haidt, Esq.
                  AYERS, HAIDT & TRABUCCO, P.A.
                  PO Box 1544
                  New Bern, NC 28563
                  Tel: (252) 638-2955
                  Fax: 252 638-3293
                  Email: davidhaidt@embarqmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael Benson, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nceb15-01965.pdf


PREMIER EXHIBITIONS: Shareholder Call Moved to April 9
------------------------------------------------------
Premier Exhibitions, Inc., has moved its previously scheduled
conference call with investors to further discuss the recently
announced Dinoking transaction to April 9, 2015, 11:00 am EDT.
U.S. and Canadian participants may dial toll-free: (888) 359-3627;
International participants may dial toll: 719-325-2428. Please ask
for conference ID: 5798810

Premier Exhibitions has entered into a definitive merger
agreement whereby it will combine with Dinoking Tech Inc.  Under
the Merger Agreement, the Dinoking Tech shareholders will be
entitled to up to 24% of the fully diluted ownership of the Company
for all of the issued and outstanding shares of Dinoking Tech.

                     About Premier Exhibitions

Premier Exhibitions, Inc., develops, deploys and operates
exhibition products that are presented to the public in exhibition
centers, museums and non-traditional venues.  The Atlanta-based
Company's exhibitions generate income primarily through ticket
sales, third-party licensing, sponsorships and merchandise sales.

Premier reported a net loss of $778,000 for the year ended  
Feb. 28, 2014, compared to net income of $1.86 million for the year
ended Feb. 28, 2013.

                        Bankruptcy Warning

"If our efforts to raise additional funds are unsuccessful, the
Company will be required to delay, reduce or eliminate portions of
our strategic plan and may be required to seek the protection of
the U.S. bankruptcy laws and/or cease operating as a going concern.
In addition, if the Company does not meet its payment obligations
to third parties as they come due, the Company may be subject to an
involuntary bankruptcy proceeding or other litigation claims.  Even
if the Company were successful in defending against these potential
claims and proceedings, such claims and proceedings could result in
substantial costs and be a distraction to management, and may
result in unfavorable results that could further adversely impact
our financial condition.

If the Company makes a bankruptcy filing, is subject to an
involuntary bankruptcy filing, or is otherwise unable to continue
as a going concern, the Company may be required to liquidate its
assets and may receive less than the value at which those assets
are carried on its financial statements, and it is likely that
shareholders will lose all or a part of their investments.  These
financial statements do not include any adjustments that might
result from the outcome of this uncertainty," the Company stated in
the quarterly report for the period ended Nov. 30, 2014.


PULSE ELECTRONICS: AB Value, et al., Own 9.9% Stake as of April 6
-----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Andrew Berger disclosed that as of April 6, 2015, he
beneficially owns 1,749,018 shares of common stock of Pulse
Electronics Corporation which constitutes 9.97 percent of the
shares outstanding.

As of April 7, 2015, AB Value Partners directly owned 903,858
shares of common stock of Pulse Electronics, constituting
approximately 5.15% of the Shares outstanding.  By virtue of their
relationships with AB Value Partners, each of AB Value Management
and Mr. Berger may be deemed to beneficially own the Shares owned
by AB Value Partners.

As of the close of business on April 7, 2015, AB Value Management
had caused the Managed Account to directly own 845,160 Shares,
constituting approximately 4.81% of the Shares outstanding.  By
virtue of their relationships with AB Value Management, each of AB
Value Management and Mr. Berger may be deemed to beneficially own
the Shares owned by AB Value Management and the Managed Account.

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

                        http://is.gd/fzLtM3

                      About Pulse Electronics

San Diego, California-based Pulse Electronics Corporation --
http://www.pulseelectronics.com/-- is a global producer of
precision-engineered electronic components and modules, operating
in three business segments: Network product group; Power product
group; and Wireless product group.

As reported by the TCR on July 8, 2013, the Company dismissed
KPMG LLP as its independent registered public accounting
firm.  Grant Thornton LLP was hired as replacement.

Pulse Electronics incurred a net loss of $32.9 million for the year
ended Dec. 26, 2014, compared to a net loss of $27.02 million for
the year ended Dec. 27, 2013.

As of Dec. 26, 2014, Pulse Electronics had $165 million in total
assets, $246 million in total liabilities and a $81.3 million total
shareholders' deficit.


REVSTONE INDUSTRIES: Unit Has Until June 30 to Remove Suits
-----------------------------------------------------------
U.S. Bankruptcy Judge Brendan Shannon has given TPOP LLC, a unit of
Revstone Industries LLC, until June 30, 2015, to file notices of
removal of lawsuits involving the company.

                About Revstone Industries, et al.

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

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

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

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

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

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

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

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

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

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

                           *     *     *

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

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

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

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

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



RIZZO BOTTIGLIERI: Chapter 15 Case Summary
------------------------------------------
Chapter 15 Petitioner: Michele Sandulli

Chapter 15 Debtor: Rizzo Bottiglieri-De Carlini Armatori S.P.A.
                   Viale Olivella 10
                   Torre del Greco, NA 80059

Chapter 15 Case No.: 15-32041

Chapter 15 Petition Date: April 8, 2015

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Chapter 15 Petitioner's Counsel: George Michael Chalos, Esq.
                                 CHALOS & CO, P.C.
                                 123 South Street
                                 Oyster Bay, NY 11771
                                 Tel: 516-714-4300
                                 Fax: 516-750-9051
                                 Email: gmc@chaloslaw.com

Estimated Assets: $500 million to $1 billion

Estimated Liabilities: $500 million to $1 billion


RIZZO BOTTIGLIERI: Seeks U.S. Recognition of Italian Proceedings
----------------------------------------------------------------
Rizzo Bottiglieri-De Carlini Armatori S.p.A. filed a Chapter 15
bankruptcy petition in the U.S. to seek recognition of its
reorganization proceedings in Italy.

RBDA commenced restructuring proceedings referred to as "Simplified
Concordato Preventivo" in Italy on Feb. 3, 2015.  The company is
asking the U.S. judge to recognize the Italian action as the
primary proceeding.

According to Sections 160 through 186 bis of the Italian Bankruptcy
Law, Concordato Preventivo is a proceeding by which an
entrepreneur, facing financial difficulties or insolvency, may seek
to reach an arrangement with creditors and/or to reorganize its
debt exposure.  On Sept. 12, 2012, Section 161 was amended to
introduce a different simplified and faster way of opening
Concordato Prevenivo.

RBDA filed a petition pursuant to Section 161, sixth paragraph, of
the Bankruptcy Law, and the Court of Torre Annunziata granted RBDA
60 days as of the date of receipt for filing the proposal, the plan
and further documentation or as an alternative an indebtedness
restructuring.  The Court appointed Vincenzo Ruggiero as judicial
commissioner supervising the Debtor.

Giuseppe Mauro Rizzo, the director, said the Italian proceedings,
the Concordato Preventivo, are similar to the U.S. Bankruptcy
Code's Chapter 11 "debtor-in-possession" restructuring. RBDA while
under the supervision and control of the Italian Court, maintains
its day-to-day operations in order to administer its assets and
exercise its business in the normal course.  RBDA will prepare and
submit a restructuring plan for approval by the creditors and the
Italian Court.

RBDA had previously commenced, in October 2012, Concordato
Preventivo proceedings in Italy.  In that circumstance, the
bankruptcy protection allowed RBDA to enforce some industrial and
financial measures according to the reorganization plan drawn up at
that time.  RBDA obtained approval of its indebtedness
restructuring agreement on June 19, 2013.

A copy of the affidavit in support of the Chapter 15 petition is
available for free at:

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

                About Rizzo Bottiglieri-De Carlini

Rizzo Bottiglieri-De Carlini Armatori S.p.A. offers marine freight
transportation services.  The company owns and operates fleet of
Aframax and Post Panamax tankers.  RBDA was founded in 1850 and is
based in Torre del Greco, Italy.

RBDA filed an application before the Court of Torre Annunziata
(Italy) for Concordato Prevenitvo pursuant to Sec. 161, sixth
paragraph, of the Bankruptcy Law on Feb. 3, 2015.  The Court of
Torre Annunziata opened the proceeding on Feb. 12, 2015.

RBDA's attorneys in the Italian proceedings can be reached at:

          Michele Sandulli, Esq.
          Attorney and Founder
          SANDULLI & ASSOCIATI STUDIO LEGALE
          Naples, Rome, Milan and Avellino, Italy

Rizzo Bottiglieri filed a Chapter 15 bankruptcy petition (Bankr.
S.D. Tex. Case No. 15-32041) in Houston, Texas on April 8, 2015, to
seek U.S. recognition of its Italian proceedings.  Giuseppe Mauro
Rizzo, in his capacity as director and foreign representative,
signed the petition.  The Debtor is estimated to have assets and
debt of $500 million to $1 billion.

George Michael Chalos, Esq., at Chalos & Co, P.C., in Oyster Bay,
New York, serves as counsel in the U.S. case.


SENIOR DENTAL SERVICES: Voluntary Chapter 11 Case Summary
---------------------------------------------------------
Debtor: Senior Dental Services, Inc.
        700 Melvin Avenue, Suite 7B
        Annapolis, MD 21401

Case No.: 15-15019

Nature of Business: Health Care

Chapter 11 Petition Date: April 8, 2015

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

Judge: Hon. James F. Schneider

Debtor's Counsel: James A. Vidmar, Jr., Esq.
                  YUMKAS, VIDMAR & SWEENEY, LLC
                  10211 Wincopin Circle, Suite 500
                  Columbia, MD 21044
                  Tel: (443) 569-5977
                  Fax: (410) 571-2798
                  Email: jvidmar@yvslaw.com

Estimated Assets: $50,000 to $100,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Bernt Killingstad, director.

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


SHOAL GAMES: Davidson & Company Expresses Going Concern Doubt
-------------------------------------------------------------
Shoal Games Ltd. filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K for the year ended Dec.
31, 2014.

Davidson & Company LLP expressed substantial doubt about the
Company's ability to continue as a going concern, citing that Shoal
Games Ltd. (formerly Bingo.com, Ltd.) has suffered recurring losses
from operations and has a net capital deficiency.

The Company reported a net income of $5.06 million on $32,500 of
total revenue for the year ended Dec. 31, 2014, compared with a net
loss of $788,000 million on $26,400 of total revenue in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $4 million in
total assets, $157,000 in total liabilities and stockholders'
equity of $3.84 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/U32JOV
                          
Shoal Games Ltd. owns and operates a non-gambling, social bingo
product.  It owns Trophy Bingo, a puppy themed non-gambling social
bingo game, live in the Google Play Store and the Apple App Store.
The company was formerly known as Bingo.com, Ltd. and changed its
name to Shoal Games Ltd. in January 2015.  Shoal Games Ltd. was
founded in 1987 and is based in The Valley, Anguilla.


SHORELINE ENERGY: Files for Creditor Protection Under CCAA
----------------------------------------------------------
Shoreline Energy Corp. on April 9 disclosed that it has applied for
creditor protection under the Companies' Creditors Arrangement Act
(Canada) pursuant to an application made on April 9, 2015 to the
Court of Queen's Bench of Alberta, Judicial Centre of Calgary.

The CCAA filing follows a review of Shoreline's strategic
alternatives by its Board of Directors.  Details of the CCAA filing
and related matters will be made available on the Monitor's website
in due course assuming the application is successful.

Shoreline has sought protection under the CCAA as its current cash
in hand would not allow it to meet its current obligations as they
become due.  It was determined by the Board of Directors that as a
result of the Company's current financial situation (including the
current commodity price environment) seeking CCAA protection would
be in the best interests of the Company and all of its
stakeholders, particularly shareholders and debenture holders.  If
the order is granted, the Company intends to continue with its
operations in the Peace River Arch and continue efforts to pursue
strategic alternatives, including restructuring its existing debt
obligations and pursuing the sale of assets or similar transaction
while under CCAA protection.  The Company has been in dialogue with
representatives of an ad hoc committee of holders of over 70% of
the unsecured subordinated convertible debentures issued on August
28, 2012.

Trading in the common shares and debentures of the Company on the
Toronto Stock Exchange have been halted and it is anticipated that
the trading thereof will continue to be halted.

Further news releases will be provided on an ongoing basis
throughout the CCAA process as may be determined necessary.

                 About Shoreline Energy Corp.

Shoreline -- http://www.shorelineenergy.ca/-- is a Calgary,
Alberta based corporation engaged in the exploration, development
and production of petroleum and natural gas.  The Common Shares are
currently listed on the TSX under the trading symbol "SEQ" and the
debentures under the trading symbol "SEQ.DB".


SOLAR PLUS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Solar Plus LLC
        150 S Camino Seco #110
        Tucson, AZ 85710

Case No.: 15-04008

Chapter 11 Petition Date: April 8, 2015

Court: United States Bankruptcy Court
       District of Arizona (Tucson)

Judge: Hon. Brenda Moody Whinery

Debtor's Counsel: Eric Slocum Sparks, Esq.
                  ERIC SLOCUM SPARKS, PC
                  110 S Church Ave #2270
                  Tucson, AZ 85701
                  Tel: 520-623-8330
                  Fax: 520-623-9157
                  Email: law@ericslocumsparkspc.com

Total Assets: $2.15 million

Total Liabilities: $2.38 million

The petition was signed by Robert Charette, Jr., managing member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/azb15-04008.pdf


SOLAR POWER: To Acquire 100% Interest in "Aerojet"
--------------------------------------------------
Solar Power Inc. disclosed in a document filed with the Securities
and Exchange Commission that it entered into a membership interest
purchase agreement to acquire 100% of the interest in the holding
company of 6.02 megawatt solar projects known as "Aerojet" in
Rancho Cordova, California, from (i) William Hedden, as Trustee of
the William H. Hedden and Sandra L. Hedden Trust, (ii) Stephen C.
Kircher, the chief strategy officer of SPI, as Trustee of the
Kircher Family Irrevocable Trust dated Dec. 29, 2004, and (iii)
Steven Kay.

In consideration of the purchase and sale, the Company will issue
to the Sellers on the closing date of the transaction preferred
membership interests in a wholly owned subsidiary of the Company to
be formed pursuant to a limited liability company agreement, the
terms and conditions of which will be negotiated and agreed to
between the Company and the Sellers 30 days after the effective
date of the Membership Interest Purchase Agreement.  The
acquisition is subject to several closing conditions including
completion of satisfactory due diligence.

                         About Solar Power

Roseville, Cal.-based Solar Power, Inc., is a global solar
energy facility ("SEF") developer offering its own brand of high-
quality, low-cost distributed generation and utility-scale SEF
development services.  Primarily, the Company works directly with
and for developers around the world who hold large portfolios of
SEF projects for whom it serves as an engineering, procurement and
construction contractor.  The Company also performs as an
independent, turnkey SEF developer for one-off distributed
generation and utility-scale SEFs.

Solar Power reported a net loss of $5.19 million in 2014, a net
loss of $32.24 million in 2013 and a net loss of $25.4 million in
2012.  As of Dec. 31, 2014, the Company had $587.9 million in total
assets, $325.79 million in total liabilities and $262.1 million in
total stockholders' equity.


TENET HEALTHCARE: London Company Holds 5.1% Stake as of March 31
----------------------------------------------------------------
The London Company disclosed in a Schedule 13G filed with the
Securities and Exchange Commission that as of March 31, 2015, it
beneficially owned 5,019,241 shares of common stock of
Tenet Healthcare Corp., constituting 5.1 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/WancPJ

                            About Tenet

Tenet Healthcare Corporation -- http://www.tenethealth.com/-- is a
national, diversified healthcare services company with 110,000
employees united around a common mission: to help people live
happier, healthier lives.  The company operates 80 hospitals, 214
outpatient centers, six health plans and Conifer Health Solutions,
a leading provider of healthcare business process services in the
areas of revenue cycle management, value based care and patient
communications.

Tenet Healthcare reported net income attributable to the Company's
shareholders of $12 million for the year ended Dec. 31, 2014,
compared to a net loss attributable to the Company's shareholders
of $134 million during the prior year.

As of Dec. 31, 2014, Tenet Healthcare had $18.1 billion in total
assets, $16.9 billion in total liabilities, $401 million in
redeemable non-controlling interest in equity of consolidated
subsidiaries, and $785 million in total equity.

                             *    *    *

Tenet carries a 'B' IDR from Fitch Ratings, 'B' corporate credit
rating from Standard & Poor's Ratings Services and 'B1' Corporate
Family Rating from Moody's Investors Service.


THE AUTOPORT: Owners File for Ch 11 to Ward Off Sheriff's Sale
--------------------------------------------------------------
Shawn Annarelli at Centre Daily Times reports that Greg and Lynda
Mussi has filed for reorganization under Chapter 11 bankruptcy
protection stop a sheriff's sale of The Autoport.  

Daily Times quoted Mr. Mussi as saying, "Our hope was that we would
avoid bankruptcy, and we had the opportunity to make a case to the
bank, then rather than doing this they could give us more time to
finalize a deal with an investor.  They didn't answer us.  We
requested that late last week, and they didn't respond, and I get
it.  I totally understand their position on that, but it meant we
had to stop the sheriff's sale with Chapter 11 bankruptcy."

According to Daily Times, Mr. Mussi said that filing for Chapter 11
gives them 120 days to present a "game plan" to Enterprise Bank to
pay down their debt.  The report recalls that The Mussis borrowed
an undisclosed amount of money from the Bank in 2007 to help
finance their purchase of The Autoport.

Mr. Mussi claims that four investors are interested in the property
or business and that a deal could be completed in May, Daily Times
states.

Daily Times relates that Joseph Fidler, Esq., the attorney for the
Bank, filed a motion on April 6 to reassess damages.  Mr. Fidler
previously placed the total liability at $1.34 million plus
interest and placed it at $1.41 million on Monday after adding
interest, late charges and attorneys' fees in 2014, the report
says.

The Autoport is Pennsylvania's first and oldest motel.


TOLLENAAR HOLSTEINS: Genske Mulder Application Approved
-------------------------------------------------------
The Bankruptcy Court authorized, in an amended order, Tollenaar
Holsteins to employ Genske, Mulder & Co., LLP, as accountants
effective as of Feb. 18, 2015, through entry of an order appointing
the Chapter 11 trustee.

Genske Mulder performed accounting services for the Debtors prior
to the Petition Date, and the Debtors know that Genske Mulder has
substantial experience in performing accounting and tax services
for dairy operations of this type.

Gary Genske, a certified public accountant licensed by the State of
California and a partner with the accounting firm of Genske,
Mulder, will be in charge of performing the tax and accounting
services needing in the cases.

Genske Mulder will render various services to the Debtors in
connection with the bankruptcy case, including assisting the
Debtors with tax matters, including review and assistance with
filing of all required federal, state and local payroll tax returns
and deposits, sales tax returns and deposits, property tax returns
and payments, income tax returns and estimated payments, evaluation
and examination of tax claims and communication with various
federal and state tax authorities.

The hourly rates of the firm are:

                Title                         Hourly Rate
                -----                         -----------
         Gary Genske, partner                     $325
         Bruce Miles, partner                     $275
         Ben Neilson, accountant                  $225
         Clerical                                 $135

To the best of the Debtor's knowledge, Genske Mulder, whose address
is 1835 Newport Blvd., Suite D-263, Costa Mesa, California, is a
"disinterested person" in the bankruptcy cases.

Tracy Hope Davis, the U.S. Trustee, in its limited objection to the
Debtors' application for authority to employ Genske Mulder, stated
that  the order authorizing the Genske firm's employment should not
be retroactive to the Petition Date.  The application was filed on
March 20 -- approximately 44 days after the commencement of the
case.

                     About Tollenaar Holsteins

Tollenaar Holsteins and its affiliates Friendly Pastures, LLC, and
T Bar M Ranch, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Cal. Case No. 15-20840) on Feb. 4,
2015.  The case is assigned to Judge Christopher D. Jaime.  The
Debtors' counsel is Jason E. Rios, Esq., at Felderstein Fitzgerald
Willoughby & Pascuzzi LLP, in Sacramento, California.  The
Bankruptcy Court approved the joint administration of the cases of
Tollenaar Holsteins, Friendly Pastures, LLC, and T Bar M Rancg,
LLC, are jointly administered under the lead case of Tollenaar
Holsteins, Case No. 15-20840.

Russell K. Burbank was appointed as the Chapter 11 trustee for the
Debtor.



TRIBUNE CO: Three Largest Shareholders to Sell 25% of Stake
-----------------------------------------------------------
Tribune Media's three largest shareholders -- Oaktree Capital
Management; Angelo, Gordon & Co.; and JPMorgan Chase -- want to
sell 25% of their combined stake through a secondary offering,
Robert Channick at Chicago Tribune reports.  The offering is being
made through an underwriting group led by Morgan Stanley and
JPMorgan Securities, the report says.

Lynne Marek at Crain's Chicago Business relates that the
Shareholders are cashing out the shares weeks after a major payout
by way of a special dividend that delivered $6.73 per share to
stockholders.

Chicago Tribune relates that the Shareholders, who who guided
Tribune Co. out of bankruptcy and who own about 39% of Tribune
Media's 94.5 million outstanding shares of Class A stock, want to
divest 9.2 million shares of Class A common stock through the
proposed secondary offering.  Crain's says that the Shareholder
will jointly own 27.7% of the company after the stock sale.

According to a filing with the U.S. Securities and Exchange
Commission, the Shareholders will also grant underwriters an option
to acquire almost 1.4 million additional shares.  The filing says
that the total value of the offering could be almost $654 million,
at a proposed maximum price of $61.53 per share.

All the proceeds from the stock sale will go to the Shareholders
and not the company, Crain's reports.

Chicago Tribune states that the sale has long been part of the plan
for the Shareholders, who took control of Tribune Co., now Tribune
Media, after it emerged from Chapter 11 bankruptcy in December
2012.

                         About Tribune Co.

Chicago, Illinois-based Tribune Co. -- http://www.tribune.com/--  
and 110 of its affiliates filed for Chapter 11 protection (Bankr.
D. Del. Lead Case No. 08-13141) on Dec. 8, 2008.  The Debtors
proposed Sidley Austin LLP as their counsel; Cole, Schotz, Meisel,
Forman & Leonard, PA, as Delaware counsel; Lazard Ltd. and Alvarez
& Marsal North America LLC as financial advisors; and Epiq
Bankruptcy Solutions LLC as claims agent.  As of Dec. 8, 2008, the
Debtors listed $7,604,195,000 in total assets and $12,972,541,148
in total debts.  Chadbourne & Parke LLP and Landis Rath LLP served
as co-counsel to the Official Committee of Unsecured Creditors.
AlixPartners LLP served as the Committee's financial advisor.
Landis Rath Moelis & Company served as the Committee's investment
banker.  Thomas G. Macauley, Esq., at Zuckerman Spaeder LLP, in
Wilmington, Delaware, represented the Committee in connection with
the lawsuit filed against former officers and shareholders for the
2007 LBO of Tribune.

Protracted negotiations and mediation efforts and numerous
proposed plans of reorganization filed by Tribune Co. and
competing creditor groups delayed Tribune's emergence from
bankruptcy.  Many of the disputes among creditors center on the
2007 leveraged buyout fraudulence conveyance claims, the
resolution of which is a key issue in the bankruptcy case.

Judge Kevin J. Carey issued an order dated July 13, 2012,
overruling objections to the confirmation of Tribune Co. and its
debtor affiliates' Plan of Reorganization.  In November 2012,
Tribune received approval from the Federal Communications
Commission to transfer media licenses, one of the hurdles to
implementing the reorganization plan.  Aurelius Capital Management
LP failed in halting implementation of the plan pending appeal.

Tribune Co. exited Chapter 11 protection Dec. 31, 2012, ending
four years of reorganization.  The reorganization allowed a group
of banks and hedge funds, including Oaktree Capital Management and
JPMorgan Chase & Co., to take over the media company.


VIPER VENTURES: Seeks to Tap Stearns Weaver as Real Estate Counsel
------------------------------------------------------------------
Viper Ventures, LLC, seeks authority from the U.S. Bankruptcy Court
for the Middle District of Florida, Tampa Division, to employ
Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A., as
special real estate counsel.

The firm has advised the Debtor that the current hourly rate for
the attorney proposed to actively represent the Debtor is $375 per
hour.  Other attorneys and paralegals will render services to the
Debtor as needed.  Generally, the firm's hourly rates will be as
follows:

     Partners            $375
     Associates          $300

In addition, the Debtor has also agreed to reimburse the firm for
the actual and necessary expenses the firm incurs.

Ronald L. Weaver, Esq., an attorney with the firm Stearns Weaver
Miller Weissler Alhadeff & Sitterson, P.A., in Tampa, Florida,
assures the Court that his firm is a "disinterested person" as the
term is defined under Section 101(14) of the Bankruptcy Code and
does not represent or hold any interest adverse to the Debtor or to
the estate.  The firm performed legal services for the Debtor prior
to the filing of the Chapter 11 petition and is owed $1,322 for its
prepetition services.

Mr. Weaver discloses that the firm previously represented, and
continues to represent, Wells Fargo Bank on unrelated matters.  Mr.
Weaver says the firm does not believe that this representation
creates any conflict of interest.

Mr. Weaver may be reached at:

         Ronald L. Weaver, Esq.
         STEARNS WEAVER MILLER WEISSLER ALHADEFF & SITTERSON, P.A.
         401 East Jackson Street, Suite 2200
         Tampa, FL  33602
         Tel: (813) 222-5002
         E-mail: rweaver@stearnsweaver.com

                       About Viper Ventures

Viper Ventures, LLC, is a Florida limited liability company that
owns 31 acres of waterfront land on Rattlesnake Point just south
of
Gandy Boulevard in Tampa, Florida.

Viper Ventures  filed a Chapter 11 bankruptcy petition (Bankr.
M.D.
Fla. Case No. 15-bk-03404) in Tampa, Florida, on April 1, 2015.
The case is assigned to Judge Catherine Peek McEwen.

The Debtor is represented by Edward J. Peterson, III, Esq., at
Stichter, Riedel, Blain & Prosser, PA, in Tampa, Florida.

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

According to the docket, the Debtor's Chapter 11 plan and
explanatory disclosure statement are due by July 30, 2015.


VISCOUNT SYSTEMS: Further Losses Expected in the Future
-------------------------------------------------------
Viscount Systems Inc. filed with the U.S. Securities and Exchange
Commission on March 26, 2015, its annual report on Form 10-K for
the year ended Dec. 31, 2014.

Dale Matheson Carr-Hilton LaBonte LLP expressed substantial doubt
about the Company's ability to continue as a going concern, citing
that the Company has incurred losses in developing its business,
and further losses are anticipated in the future.

The Company reported a net loss of C$991,000 on C$4.77 million of
sales for the year ended Dec. 31, 2014, compared with a net loss of
C$3.08 million on C$4.13 million of sales in the prior year.

The Company's balance sheet at Dec. 31, 2014, showed C$1.6 million
in total assets, C$3.97 million in total liabilities, and a
stockholders' deficit of C$2.37 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/bWjZmR
                          
24Holdings Inc. is the holding company for 24STORE (Europe) Limited
(24STORE), a company operating in the United Kingdom (24STORE).
The company's primary products are computer and electronics
products, and the provision, customization, installation and
training on software products from business software vendors.


VYCOR MEDICAL: Fountainhead Holds 49.9% Stake as of March 31
------------------------------------------------------------
Fountainhead Capital Management Limited disclosed in an amended
Schedule 13D filed with the Securities and Exchange Commission that
as of March 31, 2015, it beneficially owned 6,422,817 shares of
common stock of Vycor Medical, which represents 49.9 percent of the
shares outstanding.

On March 31, 2015, Vycor Medical issued 8,152 shares of its Common
Stock to Fountainhead in satisfaction of $15,000 of consulting fees
due for the quarter ended March 31, 2015.  As a result of that
issue, Fountainhead's previously-reporting holdings of Vycor Common
Stock were increased to a total of 6,422,817 shares, comprising
ownership of 4,374,996 Vycor Common Shares and Warrants to purchase
2,047,821 Vycor Common Shares.

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

                        http://is.gd/AV3Of0

                        About Vycor Medical

Boca Raton, Fla.-based Vycor Medical, Inc. (OTC BB: VYCO)
-- http://www.VycorMedical.com/-- is a medical device company
committed to making neurological brain, spinal and other surgical
procedures safer and more effective.  The Company's flagship,
Patent Pending ViewSite(TM) Surgical Access Systems represent an
exciting new minimally invasive access and retraction system that
holds the potential for speedier, safer and more economical brain,
spinal and other surgeries and a quicker patient discharge.
Vycor's innovative medical instruments are designed to optimize
neurosurgical site access, reduce patient risk, accelerate
recovery, and add tangible value to the professional medical
community.

Vycor Medical reported a net loss of $4.04 million in 2014, a net
loss of $2.44 million in 2013 and a net loss of $2.93 million in
2012.  As of Dec. 31, 2014, the Company had $3.81 million in total
assets, $925,000 in total liabilities, all current, and $2.88
million in total stockholders' equity.


WALKER LAND: Court to Confirm Debtor's Plan
-------------------------------------------
Following a hearing in March on debtor Walker Land & Cattle, LLC's
Third Amended Plan and creditor Wells Fargo's Second Amended Plan
for the Debtor, the Bankruptcy Court ruled that it will confirm the
Debtor's Plan.

The Court finds and concludes that the Debtor has proven, by
preponderance of the evidence, that it has satisfied the required
elements; the lease may be assumed.

The Court will exercise its discretion and states that even if the
Bank's plan was confirmable, the Court prefers the Debtor's plan.
Under Section 1129(c), the Bank's plan will not be confirmed.

The Debtor has proven, by preponderance of the evidence and under
the Sections 1129(a) and (b), there is a reasonable prospect the
Debtor will be able to perform under its plan.  The Debtor's plan
should be confirmed. The objections of the Bank are Overruled.

The Court orders and directs that Debtor's counsel, Robert J.
Maynes draft and circulate a proposed order confirming the Debtor's
plan for the reasons stated on the record.  The confirmation order
should also outline the additional protections the Debtor has
offered concerning treatment of the Wells Fargo Bank claim.  The
order should also require the Debtor to provide appropriate
insurance coverage [casualty and crop].  The Bank should have an
on-going right to inspect its collateral, with reasonable notice.
The Debtor should provide periodic reports and copies of tax
returns.

Other counsel who have been actively involved are to approve the
form of the order.  The order should be submitted for entry
promptly, at least on or before the date set for the cash
collateral hearing, April 8, 2015.  The order may also grant the
assumption order.

The Debtor's plan promises to repay all creditors in full, with
interest, over the term of the Plan.  The Debtor said it has
agreements to sell $10 million in real property upon confirmation
of the Plan and pay during the first 12 months.  The Debtor will
pay creditors through improved farm operations boosting
profitability, while reserving the right to obtain take out
financing and prepay unsecured creditors in the future.

                    About Walker Land & Cattle

Walker Land & Cattle, LLC, sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. D. Idaho Case No. 13-41437) on
Nov. 15, 2013.  The case is assigned to Judge Jim D. Pappas.

The petition was signed by Roland N. (Rollie) Walker, manager.

The Debtor's counsel is Robert J Maynes, Esq., at Maynes Taggart,
PLLC, in Idaho Falls, Idaho.

The Debtor reported $72.7 million in total assets and
$46.3 million in liabilities.

The U.S. Trustee for Region 18 has appointed an official committee
of unsecured creditors in the case.  The Committee is represented
by Bruce K. Medeiros, Esq., and Barry W. Davidson, Esq., at
Davidson Backman Medeiros PLLC, in Spokane, Washington.

Secured creditor, Wells Fargo Bank, is represented by Larry E.
Prince, Esq., and Kirk S. Cheney, Esq., at Holland & Hart LLP, in
Boise, Idaho.

Wells Fargo and the Debtor have filed competing Chapter 11 plans.
Wells Fargo proposed a plan of liquidation while the Debtor sought
approval of a reorganization plan.



XINERGY LTD: Says Weakness in Market for Coal Erodes Cash Position
------------------------------------------------------------------
Continued weakness in the market for metallurgical and thermal
coal, combined with an extremely cold winter that impacted the
mining and shipment of coal, has continued to erode Xinergy Ltd's
cash position, Jim Levesque at Platts.com reports, citing the
Company's CEO, Bernie Mason.

Platts.com relates that the Company and its 25 subsidiaries filed
for Chapter 11 bankruptcy in Virginia, citing years of "significant
challenges" in U.S. coal markets as the main reason for a need to
"undertake a financial restructuring and create a strong financial
foundation for the company's future."

Mr. Mason said in a statement, "Over the past several years, the
coal markets in the U.S. have faced a number of significant
challenges, including increased environmental regulations and
reductions in demand due to weaknesses in the economy and lower
natural gas prices."

The Company "will emerge from our Chapter 11 reorganization as a
stronger, more competitive company that is well positioned for
success in the coal industry," Platts.com quoted Mr. Mason as
saying.

                        About Xinergy Ltd.

Xinergy is a U.S. producer of metallurgical and thermal coal with
mineral reserves, mining operations and coal properties located in
the Central Appalachian ("CAPP") regions of West Virginia and
Virginia.  Xinergy's operations principally include two active
mining complexes known as South Fork and Raven Crest located in
Greenbrier and Boone Counties, West Virginia.  Xinergy also leases
or owns the mineral rights to properties located in Fayette,
Nicholas and Greenbrier Counties, West Virginia and Wise County,
Virginia. Collectively, Xinergy leases or owns mineral rights to
approximately 72,000 acres with proven and probable coal reserves
of approximately 77 million tons and additional estimated reserves
of 40 million tons.

Xinergy Ltd. and 25 subsidiaries commenced Chapter 11 bankruptcy
cases (Bankr. W.D. Va. Lead Case No. 15-70444) in Roanoke,
Virginia, on April 6, 2015.  The cases have been assigned to Judge
Paul M. Black.  The cases are being jointly administered for
procedural purposes.

The Debtors tapped Hunton & Williams LLP as attorneys; Global
Hunter Securities, as financial advisor, and American Legal Claims
Services, LLC as claims, noticing and balloting agent.


XZERES CORP: Paul DeBruce Reports 26.5% Stake as of April 6
-----------------------------------------------------------
Paul DeBruce disclosed in an amended Schedule 13D filed with the
Securities and Exchange Commission that as of April 6, 2015, he
beneficially owned 20,822,618 shares of common stock of Xzeres
Corp. which represents 26.57 percent based upon 72,768,897 shares
of Common Stock issued and outstanding on April 3, 2015.  A copy of
the regulatory filing is available at http://is.gd/Jf6XdE

                         About XZERES Corp.

Headquartered in Wilsonville, Oregon, XZERES Corp. designs,
develops, and markets distributed generation, wind power systems
for the small wind (2.5kW-100kW) market as well as power
management solutions.

XZERES reported a net loss of $9.49 million for the year ended
Feb. 28, 2014, as compared with a net loss of $7.59 million for
the year ended Feb. 28, 2013.

As of Nov. 30, 2014, the Company had $9.82 million in assets, $18.2
million in liabilities and a $8.37 million stockholders' deficit.

Silberstein Ungar, PLLC, in Bingham Farms, Michigan, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Feb. 28, 2014.  The independent
auditors noted that the Company has incurred losses from
operations, has negative working capital, and is in need of
additional capital to grow its operations so that it can become
profitable.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


XZERES CORP: Ravago Holdings Plans Going-Private Acquisition
------------------------------------------------------------
Ravago Holdings America Inc. disclosed in a document filed with the
Securities and Exchange Commission that it intends to engage in
discussions with Xzeres Corp's management, Board, other
stockholders and other relevant parties, to propose or consider to
initiate a going-private acquisition transaction with respect to
the Company.  

Ravago is studying various options including an open-market or
private acquisitions of additional shares in the Company or via a
reverse split.  

As of April 3, 2015, Ravago beneficially owns 12,272,423 shares of
common stock of Xzeres which represents 16.86 percent based upon
72,768,897 shares of common stock of Xzeres Corp. issued and
outstanding on April 6, 2015.

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

                        http://is.gd/BzAu9X

                         About XZERES Corp.

Headquartered in Wilsonville, Oregon, XZERES Corp. designs,
develops, and markets distributed generation, wind power systems
for the small wind (2.5kW-100kW) market as well as power
management solutions.

XZERES reported a net loss of $9.49 million for the year ended
Feb. 28, 2014, as compared with a net loss of $7.59 million for
the year ended Feb. 28, 2013.

As of Nov. 30, 2014, the Company had $9.82 million in assets, $18.2
million in liabilities and a $8.37 million stockholders' deficit.

Silberstein Ungar, PLLC, in Bingham Farms, Michigan, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Feb. 28, 2014.  The independent
auditors noted that the Company has incurred losses from
operations, has negative working capital, and is in need of
additional capital to grow its operations so that it can become
profitable.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


YARWAY CORP: Court Confirms Tyco-Sponsored Reorganization Plan
--------------------------------------------------------------
Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the
District of Delaware confirmed on April 8, 2015, the plan of
reorganization for Yarway Corporation, after determining that the
plan satisfies all confirmation requirements under Section 1129 of
the Bankruptcy Code.

The centerpiece of the Plan, which is co-sponsored by Yarway's
parent, Tyco International plc, is the establishment of a trust
under Section 524(g) of the Bankruptcy Code that will channel all
current asbestos-related claims and future asbestos-related demands
to the Asbestos Personal Injury Trust.  The scope of the injunction
will, among other things, cover all current and future
asbestos-related personal injury and wrongful death claims, demands
and causes of action based in whole or in part on actual or alleged
conduct or products of Yarway or Gimpel Corporation.

The Asbestos Personal Injury Trust will be funded primarily with
$325 million in cash contributed by Yarway and by Tyco on behalf
of
themselves and certain other Protected Parties pursuant to the
Settlement, and with 100% of Reorganized Yarway's equity.

A full-text copy of Judge Shannon's findings of fact, conclusions
of law, and order confirming Yarway's plan is available at
http://bankrupt.com/misc/YARWAYplanord0408.pdf

                 About Yarway Corporation

Yarway Corporation sought Chapter 11 protection (Bankr. D. Del.
Case No. 13-11025) on April 22, 2013, to deal with claims arising
from asbestos containing products it allegedly sold as early as
the
1920s.

Yarway was founded in 1908 by Robert Yarnall and Bernard Waring as
the Simplex Engineering Company and originally manufactured pipe
clamps, steam traps, valves and controls.  Based in Pennsylvania,
Yarway was a privately-owned company until 1986 when KeyStone
International, Inc. bought equity in the company.  Yarway became a
unit of Tyco International Ltd. when Tyco purchased KeyStone in
1997.

Yarway's asbestos-related liabilities derive from Yarway's (i)
purported use of asbestos-containing gaskets and packing,
manufactured by others, in its production of steam valves and
traps
from the 1920s to 1970s, and (ii) alleged manufacture of expansion
joint packing that was allegedly made up of a compound of Teflon
and asbestos from the 1940s to the 1970s.

Over the past five years, about 10,021 new asbestos claims have
been asserted against Yarway, including 1,014 in Yarway's 2013
fiscal year ending March 31, 2013.

The Debtor estimated assets and debts in excess of $100 million as
of the Chapter 11 filing.

Attorneys at Cole, Schotz P.C. and Sidley Austin LLP serve as the
Debtor's counsel in the Chapter 11 case.  Logan and Co. is the
claims and notice agent.

On May 6, 2013, the U.S. Trustee for Region 3, appointed an
official committee of asbestos personal injury claimants.  The
Committee tapped Elihu Inselbuch, Esq. at Caplin & Drysdale,
Chartered, as lead bankruptcy counsel.er 11 filing.


[*] Fitch Affirms 5 U.S. Consumer Finance Cos. Following Peer Revie
-------------------------------------------------------------------
Fitch Ratings affirmed the ratings of five U.S. consumer finance
companies following a periodic peer rating review.  The Rating
Outlooks were Stable.  Affirmed ratings include: Ally Financial
Inc. (rated 'BB+'; Outlook Stable), American Express Company ('A+';
Outlook Stable), Discover Financial Services ('BBB+'; Outlook
Stable), Navient Corporation ('BB'; Outlook Stable) and Synchrony
Financial ('BBB-'; Outlook Stable).

In general, the rating affirmations and Stable Rating Outlooks
reflect the companies' strong franchises and leading market
positions, continued strong credit performance, appropriate
risk-adjusted capital levels and increasingly diverse funding
profiles. These strengths are counterbalanced by the companies'
monoline business models, outsized exposures to consumer finance
which is cyclical and sensitivity to economic conditions, and
reliance on wholesale funding sources.  Looking forward, potential
sector-wide rating drivers could include the sensitivity of
internet deposits to rising interest rates, increased regulatory
scrutiny of consumer lending activities particularly from the
Consumer Finance Protection Bureau and the likelihood of asset
quality reversion over the coming years.

In connection with the rating actions, Fitch has also published a
special report entitled 'Consumer Finance Companies: Rating
Attribute Analysis' which highlights the relative differences among
credit card, private student loan, automobile loan/lease,
installment loan and alternative financial service (AFS) subsectors
based on their operating environments, company profiles, management
and strategies, risk appetites and financial profiles.  These
factors correspond to those outlined in Fitch's 'Global Non-Bank
Financial Institutions Rating Criteria' dated March 20, 2105.

Based on this attribute analysis, Fitch views consumer finance
companies, on average, as being consistent with 'BB' category
ratings, albeit with a fairly wide range around the average.  The
credit card lending subsector is viewed as best positioned,
reflecting the strong franchises and leading market positions of
many credit card lenders, favorable underlying secular trends,
potentially more diverse earnings streams and higher levels of
deposit and/or unsecured funding relative to consumer finance
peers.

The auto lending subsector exhibits strong relative credit
performance, reflecting the secured nature of the loans, the
essential nature of the automobile for borrowers and a primary
focus on super prime/prime borrowers.  However, auto lenders
typically employ relatively higher leverage, in part reflecting the
higher quality of the underlying assets, but also the captive
nature of many of the auto finance companies.

Private student lenders are benefiting from modest tailwinds
including increasing underwriting discipline, strong demand for
private student loans and reduced competition.  However, there
remains ongoing uncertainty surrounding regulatory and political
scrutiny of the business, such as the dischargeability of loans in
bankruptcy and programs designed to incentivize borrowers to
consolidate their private student loans into lower cost federal
loans.



[*] Perella Weinberg To Rebuild After Departures
------------------------------------------------
Matt Jarzemsky, writing for The Wall Street Journal, reported that
Perella Weinberg Partners is trying to regroup two months after
abruptly parting ways with eight bankers in its restructuring
group.

According to the report, the dust-up left the group, which counsels
financially struggling companies and their creditors, with just
three U.S.-based bankers as the sharp drop in oil prices swells the
ranks of troubled energy companies in need of restructuring
advice.

As previously reported, Perella in February fired the team's
leader, Michael Kramer, and three other bankers for allegedly
violating their partnership agreement by planning to leave the firm
together.  Another four restructuring bankers later resigned amid
the shakeout, the report said.


[^] BOOK REVIEW: AS WE FORGIVE OUR DEBTORS: Bankruptcy and Consumer
-------------------------------------------------------------------
Authors:    Teresa A. Sullivan, Elizabeth Warren,
             & Jay Westbrook
Publisher:  Beard Books
Softcover:  370 Pages
List Price: $34.95
Review by:  Susan Pannell

Order your personal copy today at
http://www.beardbooks.com/beardbooks/as_we_forgive_our_debtors.html

So you think you know the profile of the average consumer
debtor: either deadbeat slouched on a sagging sofa with a three-
day growth on his chin or a crafty lower-middle class type
opting for bankruptcy to avoid both poverty and responsible debt
repayment.

Except that it might be a single or divorced female who's the
one most likely to file for personal bankruptcy protection, and
her petition might be the last stage of a continuum of crises
that began with her job loss or divorce. Moreover, the dilemma
might be attributable in part to consumer credit industry that
has increased its profitability by relaxing its standards and
extending credit to almost anyone who can scribble his or her
name on an application.

Such are among the unexpected findings in this painstaking study
of 2,400 bankruptcy filings in Illinois, Pennsylvania, and Texas
during the seven-year period from 1981 to 1987. Rather than
relying on case counts or gross data collected for a court's
administrative records, as has been done elsewhere, the authors
use data contained in the actual petitions. In so doing, they
offer a unique window into debtors' lives.

The authors conclude that people who file for bankruptcy are, as
a rule, neither impoverished families nor wily manipulators of
the system. Instead, debtors are a cross-section of America. If
one demographic segment can be isolated as particularly debt-
prone, it would be women householders, whom the authors found
often live on the edge of financial disaster. Very few debtors
(3.7 percent in the study) were repeat filers who might be
viewed as abusing the system, and most (70 percent in the study)
of Chapter 13 cases fail and become Chapter 7s. Accordingly, the
authors conclude that the economic model of behavior--which
assumes a petitioner is a "calculating maximizer" in his in his
decision to seek bankruptcy protection and his selection of
chapter to file under, a profile routinely used to justify
changes in the law--is at variance with the actual debtor
profile derived from this study.

A few stereotypes about debtors are, however, borne out. It is
less than surprising to learn, for example, that most debtors
are simply not as well-off as the average American or that while
bankrupt's mortgage debts are about average, their consumer
debts are off the charts. Petitioners seem particularly
susceptible to the siren song of credit card companies. In the
study sample, creditors were found to have made between 27
percent and 36 percent of their loans to debtors with incomes
below $12,500 (although the loans might have been made before
the debtors' income dropped so low). Of course, the vigor with
which consumer credit lenders pursue their goal of maximizing
profits has a corresponding impact on the number of bankruptcy
filings.

The book won the ABA's 1990 Silver Gavel Award. A special 1999
update by the authors is included exclusively in the Beard Book
reprint edition.


                            *********

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 ***