TCR_Public/150414.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, April 14, 2015, Vol. 19, No. 104

                            Headlines

38 STUDIOS: Reaches $30,000 Settlement with Oracle
ADS TACTICAL: S&P Affirms 'B' CCR; Outlook Remains Negative
AERO MECHANICAL: Case Summary & 20 Largest Unsecured Creditors
ALDERON IRON: Has Insufficient Financial Resources
ALEX SCHLEIDER: Facebook IPO Schemer Files for Ch. 11

ALLENS INC: Farmers Sue Ch. 11 Pros for Priority $2.8M Fee Claim
ALLIED NEVADA: Lands $17-Mil. Bid for Exploration Interests
ALTEGRITY INC: Creditors' Meeting Adjourned to April 17
AMERICAN BOYCHOIR: Files for Chapter 11 Bankruptcy Protection
AQUA BLUE ESTATE: Vegas Land Owner Files Ch. 11 with $7M in Debt

AQUA BLUE ESTATE: Voluntary Chapter 11 Case Summary
ARLIE & COMPANY: Umpqua Bank Wants to Foreclose on Properties
ATHERTON FINANCIAL: Case Dismissal Hearing Moved to May 22
AWI DELAWARE: Selects Mercer Inc. to Provide Consulting Services
BAPTIST HOME: Appointment of Patient Care Ombudsman Terminated

BAPTIST HOME: Okayed to Reject BHP Management Services Agreement
BASIC ENERGY: S&P Lowers CCR to 'B'; Outlook Stable
BAYOU SHORES: Feds Attack Ch. 11 Plan on Appeal
BEAR ISLAND: May 13 Hearing on Confirmation of Liquidating Plan
BIOVATION LLC: MVC Capital to Hold Public Auction on April 20

BOSTON THERAPEUTICS: McGladrey Expresses Going Concern Doubt
CACHE INC: Exclusive Agent to Compensate A&G Realty's Fees
CAL DIVE: Committee Opposes $120-Mil. Loan Approval
CAL DIVE: O'Melveny Rate Hike Irks Feds
CALVALLEY PETROLEUM: To Liquidate Amid Yemen Conflict

CENTER POINT: Case Summary & 9 Largest Unsecured Creditors
CHANNEL SOLUTIONS: Voluntary Chapter 11 Case Summary
CHRYSLER GROUP: Appeals Dealer Law Preemption Ruling to High Court
CHRYSLER GROUP: Ex-Execs Lose Bid to Revive Age Discrimination Suit
CHRYSLER GROUP: Hit with $150-Mil. Penalty in Boy's Death

DBSI INC: Gov't Has No Sovereign Immunity in $17M Tax Row
DELIA'S INC: Gets $3.9 Million for Pennsylvania Distribution Center
DELIAS INC: Court Approves Stipulation on Letter of Credit
DELIAS INC: Creditor BDO USA Notifies Court of Change of Address
DELTA PETROLEUM: 10th Circ. Revives Shareholder Claim

DENDREON CORP: Exclusive Plan Filing Date Extended to June 29
DENDREON CORP: Slams Shareholders' Bid to Stay Sale Pending Appeal
DENDREON CORP: Unsecured Creditors to Get 72% to 75% Under Plan
DERMA PEN: No Sanction for "Stinker" Ch. 11, Judge Says
DIOCESE OF HELENA: Okayed to Incur $3.5M Loan Placid Enterprises

DOCTORS COMMUNITY: Fitch Affirms 'BB+' Rating on 2010/2007A Bonds
DUNE ENERGY: Files Schedules of Assets and Liabilities
DUNE ENERGY: Names Deliotte Transactions as Financial Advisor
ENERGY FUTURE: Bondholders Want Make-Whole Ruling Clarified
ENERGY FUTURE: GLM DFW Overcharged Oncor, Must Pay $1.5M

ENERGY FUTURE: Panel to Hire Kinsella as Asbestos Claims Expert
ENERGY FUTURE: Taps Enoch Kever as Special Counsel
ERIE HOCKEY: Broker Confident Co. Could Pay All Debts Through Sale
EXIDE TECHNOLOGIES: Investors Seek Class Cert. in Enviro. Suit
FIRSTPLUS FINANCIAL: Lucchese Fraudster Wants His Old Lawyer Back

FIVE S PLUS: Case Summary & 13 Largest Unsecured Creditors
FIVE S PLUS: Files Bare-Bones Chapter 11 Petition
FREEDOM INDUSTRIES: Agrees To Elk River Spill Cleanup Plan
GARLOCK SEALING: "Fishing" in Asbestos RICO Suit, Firms Says
GARLOCK SEALING: Slams Asbestos Estimation Ahead of Trial

GC LONDON: Case Summary & Largest Unsecured Creditors
GENOA A QOL: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
GT ADVANCED: ASF Furnaces Deal Has Objection from Citigroup
GT ADVANCED: Protocol to Solicit DIP Loan Participation Approved
HALCON RESOURCES: S&P Lowers CCR to 'CCC+', Outlook Negative

HARVEST NATURAL: BDO USA Expresses Going Concern Doubt
HIGH RIDGE MANAGEMENT: Section 341(a) Meeting Set for May 7
HIPCRICKET INC: Amended Key Employee Incentive Plan Gets Final OK
IBCS MINING: Obtains $50K DIP Financing from CRO for IBCS KY
INTERNATIONAL FOREIGN: Liquidating Plan Declared Effective

KARMALOOP INC: Aims to Start Sale Process with $13-Mil. Bid
KIOR INC: Miss. Agency Slams Bid to Boost DIP by $14-Mil.
LABRADOR IRON: Begins Restructuring as Ore Prices Fall
LEHMAN BROTHERS: Barclays Tells High Court Appeal Is Not Important
LEHMAN BROTHERS: Settles Dispute Over $40-Mil. Swap Fund

LEHR CONSTRUCTION: Ex-Worker Beats Trustee's $1.2M Claim
LIGHTSQUARED INC: Reaches Deal with Ergen on Protection Demand
LIGHTSQUARED INC: Renews Bid for Mobile Licenses
LITTLEFORD DAY: Meeting to Form Creditors' Panel Set for April 14
MARQUETTE TRANSPORTATION: S&P Withdraws 'B' Corp. Credit Rating

MDI CREATIVE: Case Summary & 20 Largest Unsecured Creditors
MINERAL PARK: Court Approves Keller Williams as Real Estate Agent
MONTREAL MAINE: Trustee Files C$275 Million Payout Plan
MOSS FAMILY: Affiliate Approved to Sell 404 Beachwalk Lane Asset
MOSS FAMILY: Affiliate Gets Approval To Sell Property for $115,000

MOSS FAMILY: Beachwalk Realty Okayed to Sell 416 Beachwalk Lane
MOSS FAMILY: Can Use Fifth Third's Cash Collateral Until May 15
MOSS FAMILY: Gets Approval To Sell Beachwalk Property for $110,000
MOSS FAMILY: Inks Agreement on Use of La Porte Cash Collateral
NATROL INC: Ch. 11 Buyer Sues Ex-Owners Over "Sham" Contract

NELLSON NUTRACEUTICAL: $50MM Add-On No Impact on Moody's B1 Rating
NET MEDICAL: RBSM Expresses Going Concern Doubt
O&S TRUCKING: 8th Circ. Nixes Daimler Claim Row
PAID INC: KMJ Corbin Expresses Going Concern Doubt
PANAMA CASINO: Equity in Casino Property to Be Sold May 28

PATRIOT COAL: CEO Bennett K. Hatfield Resigns
PEOPLE'S COMMUNITY: William Green Wants to Reopen Some Clinics
PEREGRINE FINANCIAL: Failure Used by Pastor to Hide Scam, CFTC Says
PLAINS END: Fitch Affirms 'BB' Senior Secured Bonds Ratings
POINT BLANK: Amends Members of Equity Security Holders Panel

POINT BLANK: Estate Sues Brother of Jailed Ex-CEO
PROXYMED INC: General Atlantic Settles Suit Over Bankruptcy
RADIOSHACK CORP: Seeks to Sell Defense Mobile Phones
RAIL LOGISTICS: Accuses BNSF of Putting Co. Out of Business
RALEY'S: Moody's Assigns 'B2' Corporate Family Rating

RALEY'S: S&P Assigns 'B+' CCR & Rates $200MM Loan 'B+'
REED AND BARTON: K&A Approved as Special Pension Benefits Counsel
REED AND BARTON: Says KEIP/KERP Bid Is Exercise of Good Judgment
REED AND BARTON: UST Has Limited Objection to Financo Hiring
RESIDENTIAL CAPITAL: $350M Suit Is "Non-Core," Insurers Say

RESIDENTIAL CAPITAL: Atty Sanctioned Over Client's Bankr. Claims
RESIDENTIAL CAPITAL: Judge Won't Toss Mortgage Bond Suit
REVEL AC: Power Plant Cuts Services
REVSTONE INDUSTRIES: General Motors’ $13.3-Mil. Claim Allowed
RIVERWALK JACKSONVILLE: Wants to Access Banks' Cash Collateral

S&B SURGERY CENTER: Buchalter Sued for $22M Over Botched Claims
SAAB CARS: Trustee Settles With Ex-Execs To End Severance Claims
SALADWORKS LLC: Court Approves SSG Advisors as Investment Banker
SALADWORKS LLC: Creditors Committee Taps Khler Harrison as Counsel
SALADWORKS LLC: Gets Extra Time to Tap Stalking Horse

SEA BISCUIT: Hai Jiao Sold Pledged Collateral
SIGA TECHNOLOGIES: Creditors Committee Seeks Probe of Executives
SOCKET MOBILE: Sadler Gibb Expresses Going Concern Doubt
STATE FISH: Trustee Resolves Wells Fargo's Lift Stay Motion
STATE FISH: Trustee Withdraws Bid to Employ Gordon Rees as Counsel

SUMMIT STREET: Gets Final Nod to Use Wolverine Bank's Cash
SUPER BUY FURNITURE: Committee-Backed Exit Plan Confirmed
TACTICAL INTERMEDIATE: Social Media Can Be Part of Ch. 11 Estate
TERRA TECH: Posts $22.2-Mil. Net Loss for FY Ended Dec. 31
THINKSTREAM INC: Loses Florida Law Enforcement Contract

TOLLENAAR HOLSTEINS: R. Burbank Appointed as Bankruptcy Trustee
TROPICANA ENTERTAINMENT: Sues NJ Construction Co. Over Oil Leak
U.S. STEEL CANADA: Commences Sale & Restructuring Process
US STEEL CANADA: To Sell Assets and Business Operations
USA SYNTHETIC: Creditor Slams Third Eye's Credit Bid

WASHINGTON MUTUAL: Calif. Court OKs $10M Mortgage Fraud Suit Deal
WBH ENERGY: Seeks Approval of $25 Million Ch. 11 Bid
WEST COAST GROWERS: Hires Klein DeNatale as Insolvency Counsel
WEST COAST GROWERS: To Hire Pearson Realty as Real Estate Broker
WILTON HOLDINGS: S&P Cuts CCR to 'CCC+', Outlook Remains Negative

YUKOS OIL: Rosneft Settles Battle Over Breakup
[*] Baker Botts Bolsters Dubai Office with 2 Partners
[*] Connecticut Bankruptcy Judge Albert Dabrowski Retires
[*] North Las Vegas Mayor Backs Bankr. Power for Cities, Counties
[*] Polsinelli Adds Two Senior Fin'l Restructuring Atttorneys

[^] Large Companies With Insolvent Balance Sheet

                            *********

38 STUDIOS: Reaches $30,000 Settlement with Oracle
--------------------------------------------------
Paul Grimaldi, writing for Providence 
Journal, reported that the
lawyer handling the federal bankruptcy portion of the 38 Studios
legal issues has reached another in a string of financial
settlements in the lengthy case.

According to the report, software company Oracle America Inc.
agreed to pay $30,000 to settle the claim against it.

38 Studios LLC, a video-game developer founded by former Boston Red
Sox pitcher Curt Schilling, filed for liquidation on June 8, 2012,
without attempting to reorganize.  Although based in Providence,
Rhode Island, the company filed the Chapter 7 petition in Delaware
(Case No. 12-11743).


ADS TACTICAL: S&P Affirms 'B' CCR; Outlook Remains Negative
-----------------------------------------------------------
Standard & Poor's Ratings Services said that it has affirmed all of
its ratings, including its 'B' corporate credit rating, on
Virginia-based ADS Tactical Inc.  The outlook remains negative.

"The affirmation reflects the good execution of management's
strategy to improve ADS' operating efficiency and grow its market
share in the face of challenging U.S. defense budget conditions,"
said Standard & Poor's credit analyst Chris Mooney.  This strategy
has improved the company's credit metrics over the past year with
debt-to-EBITDA declining to 6.1x in 2014 from 6.8x in 2013, in-line
with S&P's expectations of 6.0x-6.5x, due to higher earnings
despite a modest increase in debt to fund temporary working capital
requirements.  S&P expects the company's credit metrics to continue
improving over the next two years, with debt-to-EBITDA declining
below 6x in 2015, owing to a combination of modest debt reduction
and some earnings growth as the ADS continues to secure new
opportunities.

The negative outlook on ADS reflects the potential refinancing risk
associated with its $200 million ABL revolver, of which $49 million
was drawn as of Dec. 31, 2014, that comes due in March 2016.
Still, S&P believes that the recent improvement in the company's
operational performance combined with its sound banking
relationships should allow the company to extend the maturity of
its revolver in the coming months.

S&P could lower its rating on ADS, potentially by more than one
notch, if the company does not extend the maturity of its revolver
within the next six months such that S&P assess the company's
liquidity profile as "weak".  Alternatively, S&P could lower the
rating if there is an unexpected decline in ADS' earnings and cash
flow that causes its debt-to-EBITDA metric to rise above 7x for a
sustained period.

S&P could revise the outlook to stable if the company is able to
refinance its revolving credit facility on similar terms and extend
the maturity past 2016, which would cause S&P to revise its
liquidity assessment to adequate, while continuing to execute
operationally such that S&P expects its debt-to-EBITDA metric to
remain below 6.5x.



AERO MECHANICAL: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Aero Mechanical Industries, Inc.  
           aka AMI
        4901 Rockaway Blvd NE
        Rio Rancho, NM 87124

Case No.: 15-10936

Chapter 11 Petition Date: April 10, 2015

Court: United States Bankruptcy Court
       New Mexico (Albuquerque)

Judge: Hon. Robert H. Jacobvitz

Debtor's Counsel: Bonnie P. Bassan, Esq.
                  MOORE, BERKSON, BASSAN & BEHLES P.C.
                  3800 Osuna Rd NE, STE #2
                  Albuquerque, NM 87109
                  Tel: 505-242-1218
                  Fax: 505-242-2836
                  Email: mbglaw@swcp.com

Total Assets: $2.9 million

Total Liabilities: $3.3 million

The petition was signed by Phillip Mark Ozenick, president & CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nmb15-10936.pdf


ALDERON IRON: Has Insufficient Financial Resources
--------------------------------------------------
Alderon Iron Ore Corp. filed with the U.S. Securities and Exchange
Commission on March 27, 2015, its annual report on Form 20-F for
the year ended Dec. 31, 2014.

KPMG LLP expressed substantial doubt about the Company's ability to
continue as a going concern, citing that Alderon does not have
financial resources sufficient to cover all of its commitments for
the coming year including the remaining security deposits and has
temporarily suspended any further work by its contractor pending
the completion of its financing plan.  

The Company reported a net loss of C$11.9 million for the year
ended Dec. 31, 2014, compared with a net loss of C$13.6 million in
2013.

The Company's balance sheet at Dec. 31, 2014, showed C$272 million
in total assets, C$28.5 million in total liabilities and total
stockholders' equity of C$243 million.

A copy of the Form 20-F is available at:
                              
                       http://is.gd/56Gkmm
                          
Alderon Iron Ore Corp., formerly Alderon Resource Corp., is an
exploration-stage company engaged in the exploration and
evaluation of mineral resource properties.  As of December 31,
2011, the Company conducted iron ore exploration and evaluation
activities related entirely to its properties located in Western
Labrador.  Those properties are collectively referred to as the
Kamistiatusset (Kami) Property.  The Kami Property is located next
to the mining towns of Wabush, Labrador City and Fermont.  The
property includes 305 claims in Labrador and five Quebec Mining
Titles for a total of 7,625 hectares.  During the year ended
December 31, 2011, the Company conducted a drill program, totaling
4,496 meters, in the North Rose area.  As of December 31, 2011,
the mineral resource estimate for all three zones North Rose, Rose
Central and Mills Lake) within the Kami Project was 490 million
tons at 30% iron indicated and 598 million tons at 30.3% iron
inferred.


ALEX SCHLEIDER: Facebook IPO Schemer Files for Ch. 11
-----------------------------------------------------
Law360 reported that a New Jersey man who pled guilty in 2014 to
participating in a scheme to fraudulently sell shares of Facebook
Inc. before its $16 billion initial public offering and was
sentenced to prison last December for his alleged role in a related
real estate scam filed for Chapter 11 bankruptcy in New Jersey.

According to the report, citing court filings, Alex Schleider, of
Lakewood, New Jersey, claimed $10 million to $50 million in assets
and $500,000 to $1 million in liabilities.


ALLENS INC: Farmers Sue Ch. 11 Pros for Priority $2.8M Fee Claim
----------------------------------------------------------------
Law360 reported that vegetable wholesalers asked the judge
presiding over the liquidation of Allens Inc. to order the return
of around $2.8 million from the frozen food manufacturer's
investment bank under a little-known law affording farmers priority
Chapter 11 repayment rights.

According to the report, an adversary complaint filed in the
converted Chapter 7 bankruptcy alleges that Lazard Freres & Co.
LLC's receipt of professional fees before and after Allens entered
bankruptcy violates the Depression-era Perishable Agricultural
Commodities Act.

                        About Allens Inc.

Siloam Springs, Arkansas-based Allens, Inc., a maker of canned and
frozen vegetables in business since 1926, filed for bankruptcy
(Bankr. W.D. Ark. Case No. 13-73597) on Oct. 28, 2013, seeking to
sell some divisions or reorganize as a new company.  Its
affiliate, All Veg Inc., also sought bankruptcy protection.

Bankruptcy Judge Ben T. Barry presides over the cases.  The
Debtors are represented by Stan D. Smith, Esq., Lance R. Miller,
Esq., and Chris A. McNulty, Esq., at Mitchell, Williams, Selig,
Gates & Woodyard, P.L.L.C., in Little Rock, Arkansas; and Nancy A.
Mitchell, Esq., Maria J. DiConza, Esq., and Matthew L. Hinker,
Esq., at Greenberg Traurig, LLP, in New York.  Jonathan Hickman of
Alvarez & Marsal North America, LLC, serves as the Debtors' chief
restructuring officer.  Cary Daniel, Nick Campbell and Markus
Lahrkamp of A&M serve as assistant CROs.  Lazard Freres & Co. LLC
and Lazard Middle Market LLC serve as investment bankers, while GA
Keen Realty Advisors, LLC, serves as real estate advisor to the
Debtors.

Allens Inc. scheduled $294,465,233 in total assets and
$287,945,167 in total liabilities.

The Official Committee of Unsecured Creditors tapped Eichenbaum
Liles P.A.'s Martha Jett McAlister, Esq.; and Cooley LLP's Cathy
Hershcopf, Esq., Jeffrey L. Cohen, Esq., Seth Van Aalton, Esq.,
and Robert B. Winning, Esq., as counsel.

On Feb. 12, 2014, the Court entered the order (i) authorizing and
approving the sale of substantially all of the assets of the
Allens Inc. to Sager Creek Acquisition Corp. -- which is owned by
investment funds controlled or advised by Sankaty Advisors LLC and
GB Credit Partners LLC -- free and clear of all liens, claims,
encumbrances, and interests; and (ii) approving the assumption and
assignment of certain of the Debtor's executory contracts and
unexpired leases.  The sale closed Feb. 28.

The Associated Press said the assets will be sold to Sager Creek
for $124.78 million.  Katy Stech, writing for Daily Bankruptcy
Review, reported that the investment vehicle won the bidding with
a $160 million offer, topping stalking horse bidder Seneca Foods
Corp. at a bankruptcy auction.  Seneca Foods signed an agreement
to purchase the Debtors' assets for $148 million plus assumption
of specified debt.

Counsel to the stalking horse purchaser is Tim C. Loftis, Esq., at
Jaeckle, Fleishmann & Mugel, LLP, in Buffalo, New York.  Local
counsel to the stalking horse purchaser is Charles T. Coleman,
Esq., at Wright, Lindsey & Jennings, LLP, in Little Rock,
Arkansas.

The Troubled Company Reporter, on June 9, 2014, reported that the
Court issued an order converting Allens' (nka Veg Liquidation)
Chapter 11 reorganization case to Chapter 7 liquidation status,
following the Company's request for conversion.  Allen changed its
name to Veg Liquidation Inc. after the sale of its assets.


ALLIED NEVADA: Lands $17-Mil. Bid for Exploration Interests
-----------------------------------------------------------
Law360 reported that troubled mining outfit Allied Nevada Gold
Corp. lined up a $17.5 million stalking horse bidder for a
portfolio of exploration properties and asked a Delaware bankruptcy
judge to bless procedures for the proposed sale.

According to the report, the Reno-based debtor is seeking approval
to hold a June auction for the group of 75 exploration properties,
with stalking horse Clover Nevada LLC setting the bid floor at
$17.5 million.

                       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.


ALTEGRITY INC: Creditors' Meeting Adjourned to April 17
-------------------------------------------------------
The U.S. Trustee for Region 3 adjourned the meeting of creditors of
Altegrity Inc. to April 17, at 1:30 p.m., according to a filing
with the U.S. Bankruptcy Court in Delaware.

The meeting will take place at Room 2112, 844 King Street, in
Wilmington, Delaware.

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

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

                      About Altegrity Inc.

Altegrity Inc. provides background investigations for the U.S.
government; employment background and mortgage screening for
commercial customers; technology-driven legal services and software
for data management; and investigative, analytic, consulting, due
diligence, and security services.  Altegrity is principally owned
by investment funds affiliated with Providence Equity Partners.

Altegrity Inc. and 37 of its affiliates filed Chapter 11 Bankruptcy
petitions (Bankr. D. Del. Lease Case No. 15-10226) on Feb. 8,
2015.

Jeffrey S. Campbell signed the petitions as president and chief
financial officer.  The Debtors disclosed total assets of $1.7
billion and total liabilities of $2.1 billion as of June 30, 2014.

M. Natasha Labovitz, Esq., Jasmine Ball, Esq., and Craig A. Bruens,
Esq., at Debevoise & Plimpton LLP serve as the Debtors' counsel.
Joseph M. Barry, Esq., Ryan M. Bartley, Esq., and Edmon L. Morton,
Esq., at Young, Conaway, Stargatt & Taylor, LLP, act as the
Debtors' Delaware and conflicts counsel.  Stephen Goldstein and
Lloyd Sprung, at Evercore Group, LLC, are the Debtors' investment
bankers.  Kevin M. McShea and Carrianne J. M. Basler, at
Alixpartners LLP serve as the Debtors' restructuring advisors.
Prime Clerk LLC is the Debtors' claims and noticing agent.
PricewaterhouseCoopers LLP serves as the Debtors' independent
auditors.

The U.S. Trustee for Region 3 appointed six creditors to serve on
the official committee of unsecured creditors.


AMERICAN BOYCHOIR: Files for Chapter 11 Bankruptcy Protection
-------------------------------------------------------------
Nicole Mulvaney, writing for Nj.com, reports that The American
Boychoir School filed for Chapter 11 bankruptcy protection on April
10, 2015.

Nj.com quoted Rob D'Avanzo, the School's Chairman of the Board of
Trustees, as saying, "This decision gives the entire ABS community
the opportunity to supply the financing that will allow the school
to finish its school year and then make plans for the future.
Staying open depends on the school's ability to raise the cash to
cover our payroll and other current expenses going forward.  If we
are not able to do that in very short order, cancellation of the
remaining concert schedule and immediate closure of the school will
be the only alternative."

The School needs $350,000 to finish out the school year, Nj.com
relates, citing the School's officials.  According to Nj.com, Mr.
D'Avanzo said that members of the board agreed to make new
contributions to the school on Mapleton Road totaling $31,000.  The
report adds that school officials are asking parents with remaining
tuition payments to make them in full as soon as possible.

"A more significant level of funding estimated at $3 million will
be required for the school to successfully emerge from Chapter 11
and continue operations into the future," Nj.com quoted Mr.
D'Avanzo as saying.

The American Boychoir School in Princeton, New Jersey, is a private
boarding school for fourth- to eighth-grade boys.  The music school
was founded in 1937 in Columbus, Ohio, as the Columbus Boychoir.
It relocated to Princeton in 1950.


AQUA BLUE ESTATE: Vegas Land Owner Files Ch. 11 with $7M in Debt
----------------------------------------------------------------
Aqua Blue Estate, LLC, sought Chapter 11 bankruptcy protection
(Bankr. C.D. Cal. Case No. 15-15697) in Los Angeles, California, on
April 12, 2015.

The Debtor, a Single Asset Real Estate as defined in 11 U.S.C. Sec.
1019(51B), owns an 11-acre vacant lot located in Las Vegas, Nevada.
The property is worth $20 million and pledged as collateral to
Eastern Capital Fund I VPE, LLC, which is owed $7.26 million.  It
doesn't have any other assets and liabilities.

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

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $20,000,000
  B. Personal Property                    $0
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $7,262,847
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                                $0
                                 -----------      -----------
        TOTAL                    $20,000,000       $7,262,847

According to the statement of financial affairs, the Debtor did not
have any income from the operation of the business or property
within the two years preceding the Petition Date.

ACME Syncept, Inc., of City of Industry, California, holds 100% of
the membership interests in the Company.

The case is assigned to Judge Robert N. Kwan.

Dheeraj K. Singhal, Esq., at DCDM Law Group, in Pasadena,
California, serves as counsel to the Debtor.  For his legal
services, Mr. Singhal agreed to accept $25,000, which amount was
paid by ACME.


AQUA BLUE ESTATE: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Aqua Blue Estate, LLC
        350 S. Figueroa St Suite 115
        Los Angeles, CA 90071

Case No.: 15-15697

Type of Business: Single Asset Real Estate

Chapter 11 Petition Date: April 12, 2015

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

Judge: Hon. Robert N. Kwan

Debtor's Counsel: Dheeraj K Singhal, Esq.
                  DCDM LAW GROUP, PC
                  35 N. Lake Avenue, Suite 280
                  Pasadena, CA 91101
                  Tel: 626-689-2407
                  Fax: 626-689-2205
                  Email: dksinghal@dcdmlawgroup.com

Total Assets: $20 million

Total Liabilities: $7.3 million

The petition was signed by Fan Bin Jiang, authorized manager.

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


ARLIE & COMPANY: Umpqua Bank Wants to Foreclose on Properties
-------------------------------------------------------------
Christian Wihtol at The Register-Guard reports that Umpqua Bank is
seeking to foreclose on one of Arlie & Co.'s three multi-use
buildings at the Crescent Village complex in northeast Eugene, and
on more than 600 undeveloped acres the Company owns near Lane
Community College.

The Register-Guard recalls that the Bank sued the Company in March
in Lane County Circuit Court, accusing the Company of defaulting on
$12.5 million in mortgages, which the Company denies.  The Bank
claims that the Company has violated its bankruptcy payoff plan,
has violated its mortgages by transferring to a new owner, and must
pay the entire $12.5 million, the report adds.

Teresa Bishow, the Company's president, said in court documents
that it is crucial for the Company to hold onto all three of its
Crescent Village buildings to provide cohesive management for the
complex.

                       About Arlie & Company

Eugene, Oregon-based Arlie & Company -- http://www.arlie.com/--  
is a property developer.  It is doing business as DHF Corp., and
formerly dba Arlie Land and Cattle Company and Crescent Village
Community Gardens, LLC.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Ore. Case No. 10-60244) on Jan. 20, 2010.  Pachulski Stang Ziehl &
Jones LLP, and Ball Janik LLP, serve as the Debtor's bankruptcy
counsel.  The Company disclosed $227,191,924 in assets and
$65,412,220 in liabilities as of the Chapter 11 filing.

As reported by the Troubled Company Reporter on May 12, 2011, KVAL
Communities reported that the Company received confirmation from
the U.S. Bankruptcy Court for its plan of reorganization on April
25, 2011, and, with final agreements in place, effectively emerged
from Chapter 11 protection on May 2, 2011.


ATHERTON FINANCIAL: Case Dismissal Hearing Moved to May 22
----------------------------------------------------------
The Hon. Thomas B. Donovan of the U.S. Bankruptcy Court for the
Central District of California will continue the hearing on May 22,
2015, at 2:00 p.m. whether to dismiss the Chapter 11 case of
Atherton Financial Building LLC.

As reported in the Troubled Company Reporter on Jan. 20, 2015, the
Debtor filed a motion for an order (1) authorizing the disbursement
of funds to creditors; and (2) dismissing its Chapter 11 case.

The Debtor said it recounts that at a hearing held on Dec. 3, 2014,
the Bankruptcy Court authorized the sale of its property for an
aggregate purchase price of $14.3 million.  The sale closed on Dec.
8, 2014, and all secured claims and tax claims have been satisfied.
Pursuant to the Court's order, the Debtor's counsel is holding
over $3.5 million in its client trust account pending further order
of the Court.

After payment of claims from escrow, the Debtor's remaining claims
total $246,923.  This takes into account: (1) the consensually
agreed-upon amount for Hue & Cry's unsecured claim of $2,430, and
(2) the outstanding balance of $0 currently owed to Travelers
Casualty Insurance Company of America.  The foregoing excludes the
Debtor's counsel's attorneys' fees and costs, which for purposes of
full disclosure, are estimated to be $25,000 over the $75,000
retainer received.  Pursuant to the motion, the Debtor seeks Court
authority to pay all estate claims in full and dismiss the case.

                     About Atherton Financial

Atherton Financial Building LLC owned a commercial building located
at 1906 El Camino Real, Menlo Park, CA 94027.

Atherton Financial filed a Chapter 11 petition (Bankr. C.D. Cal.
Case No. 14-27223) in Los Angeles, on Sept. 9, 2014.  Benjamin Kirk
signed the petition as managing member of manager of Sunshine
Valley LLC.  The case is assigned to Judge Thomas B. Donovan.  The
Debtor tapped David B Golubchik, Esq., at Levene Neale Bender
Rankin & Brill LLP, in Los Angeles, as counsel.

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


AWI DELAWARE: Selects Mercer Inc. to Provide Consulting Services
----------------------------------------------------------------
ADI Liquidation Inc. fka AWI Delaware Inc. and its
debtor-affiliates ask the U.S. Bankruptcy Court for the District of
Delaware for permission to employ Mercer (US) Inc. and certain of
its affiliates to provide actuarial and consulting service.

The firm will:

   a) review methodology and data contained in proofs of claim
      filed by certain multi-employer pension plans in which
      W.R. Liquidation Inc. fka White Rose Inc., a sponsor of
      certain defined employee benefits plan, was a participant;

   b) review withdrawal liability computations asserted by certain

      Multi-Employer Plans and, in connection therewith, analyze,
      inter alia, the applicable funded status of the relevant
      plan, the history of any prior partial withdrawals from the
      plan and the methodology and assumptions used to determine
      nominal withdrawal liability;

   c) at the request of the Debtors, calculate the allocation of
      liability to administrative claims based on parameters
      provided by the Debtors;

   d) estimate plan termination liability for the Pension Plan
      based on certain assumptions and compare with plan
      termination liability estimate asserted by the Pension
      Benefit Guaranty Corporation;

   e) evaluate any proofs of claim filed by the PBGC, including
      any claim asserting plan underfunding, if the Pension Plan
      is terminated other than through a standard termination; and
     
   f) at the request of the Debtors, assist with any trial
      preparation and provide testimony on matters within the
      scope of the project.

The Debtors and the firm have agreed to these terms of
compensation:

   a) Statement of Work for Review of Notice of Demand Letters.
      Mercer's services under this Statement of Work are based on
      the following hourly rates:

      Senior Consultant/Actuary       $470-$700
      Consultant/Actuary              $385-$485
      Senior Analyst                  $300-$385
      Analyst                         $160-$300
      Administrative Assistant        $0

      The firm estimates that its total hourly fees under this
      Statement of Work will be in the range of $8,000 to $12,000
      for each notice of demand letter reviewed.

   b) Statement of Work for Analysis of Plan Termination  
      Liability.  Mercer's services under this Statement of Work
      are based on the hourly rates set forth above.  Mercer
      estimates that its hourly fees under this Statement of
      Work will be in the range of $12,500 to $20,000.

A hearing is set for April 30, 2015, at 2:00 p.m. (EST) to consider
the Debtors' request.  Objections, if any, are due April 23, 2015
at 4:00 p.m. (EST).

                   About Associated Wholesalers

Founded in 1962 and headquartered in Robesonia, Pennsylvania,
Associated Wholesalers Inc. serviced 800 supermarkets, specialty
stores, convenience stores and superettes with grocery, meat,
produce, dairy, frozen foods and general merchandise/health and
beauty care products.  AWI, with distribution facilities in
Robesonia, Pennsylvania, and York, Pennsylvania, served the
mid-Atlantic United States.  AWI is owned by its 500 retail
members, who in turn operate supermarkets.  AWI had 1,459
employees.

White Rose Inc. is a food wholesaler and distributor serving the
greater New York metropolitan area.  The company traces its origins
to 1886, when brothers Joseph and Sigel Seeman founded Seeman
Brothers & Doremus to provide grocery deliveries throughout New
York City.  White Rose carries out its operations through three
leased warehouse and distribution centers, two of which are located
in Carteret, New Jersey, and one in Woodbridge, New Jersey. White
Rose has 777 employees.

Associated Wholesalers and its affiliates sought Chapter 11
bankruptcy protection on Sept. 9, 2014, to sell their assets under
11 U.S.C. Sec. 363 to C&S Wholesale Grocers, absent higher and
better offers.

The Debtors have sought joint administration of their Chapter 11
cases for procedural purposes, seeking to maintain all pleadings on
the case docket for AWI Delaware, Inc., Bankr. D. Del. Case No.
14-12092.

As of the Petition Date, the Debtors owe the Bank Group (consisting
of lenders, Bank of America, N.A., Bank of American Securities LLC
as sole lead arranger and joint book runner, Wells Fargo Capital
Finance, LLC as joint book runner and syndication agent, and RBS
Capita, as documentation agent) an aggregate principal amount of
not less than $131,857,966 (inclusive of outstanding letters of
credit), plus accrued interest.  The Debtors estimate trade debt of
$72 million.  AWI Delaware disclosed $11,440 in assets and
$125,112,386 in liabilities as of the Chapter 11 filing.

Saul Ewing LLP and Rhoads & Sinon LLP are serving as legal advisors
to the Debtors, Lazard Middle Market is serving as financial
advisor, and Carl Marks Advisors is serving as restructuring
advisor to AWI.  Carl Marks' Douglas A. Booth has been tapped as
chief restructuring officer.  Epiq Systems serves as the claims
agent.

The Official Committee of Unsecured Creditors tapped to retain Hahn
& Hessen LLP as its lead counsel; Pepper Hamilton LLP as its
co-counsel; and Capstone Advisory Group, LLC, together with its
wholly-owned subsidiary Capstone Valuation Services, LLC, as its
financial advisors.

The Troubled Company Reporter, on Nov. 5, 2014, reported that the
Bankruptcy Court authorized Associated Wholesalers, which changed
its name to AWI Delaware, Inc., prior to the approval of the sale,
to sell substantially all of its assets, including their White Rose
grocery distribution business, to C&S Wholesale Grocers, Inc.

The C&S purchase price consists of the lesser of the amount of the
bank debt, which totals about $18.1 million and $152 million, plus
other liabilities, which amount is valued at $194 million.  C&S,
according to Bill Rochelle and Sherri Toub, bankruptcy columnists
for Bloomberg News, ended up paying $86.5 million more cash to be
anointed as the winner at the auction.

AWI Delaware notified the Bankruptcy Court on Nov. 12, 2014, that
closing occurred in connection with the sale of their assets to
C&S.  AWI Delaware subsequently changed its name to ADI
Liquidation, Inc., following the closing of the sale.


BAPTIST HOME: Appointment of Patient Care Ombudsman Terminated
--------------------------------------------------------------
Roberta A. DeAngelis, U.S. Trustee for Region 3, notified the U.S.
Bankruptcy Court that the appointment of Wilmarie Gonzalez as
patient care ombudsman for The Baptist Home of Philadelphia and The
Baptist Home Foundation is terminated.

The Debtors and the U.S. Trustee believe that the appointment of an
ombudsman is no longer necessary under the circumstances of the
case.

On Nov. 19, 2014, an order was entered approving the Debtor's
motion to sell property including, inter alia, its residential
facility.  The transfer of the Debtor's residential facility to the
purchaser has been consummated and the Debtor no longer owns or
operates the facility.

              About The Baptist Home of Philadelphia

The Baptist Home of Philadelphia and The Baptist Home Foundation
sought Chapter 11 protection (Bankr. E.D. Pa. Case Nos. 14-13305
and 14-13306) in Philadelphia on April 25, 2014.

Baptist Home of Philadelphia is a Pennsylvania nonprofit
corporation that owns and operates a continuing care retirement
community known as "Deer Meadows Retirement Community", which is
located at 8301 Roosevelt Boulevard, Philadelphia, Pennsylvania.
Home offers 126 living accommodations, which vary in size, for
independent living and personal care.  It presently also has 206
skilled nursing beds in the nursing and rehabilitation center that
offers short and long term care.  It has 369 employees.

Baptist Home of Philadelphia disclosed $37.3 million in assets and
$34.6 million in liabilities as of the Chapter 11 filing.

The Debtors have tapped Cozen O'Connor as counsel and KPMG
Corporate Finance LLC as financial advisor and investment banker.

The U.S. Trustee appointed Wilmarie Gonzalez as patient care
ombudsman.

U.S. Bank National Association, the trustee with regard to the
secured bond indebtedness, hired Reed Smith LLP as counsel and
CohnReznick LLP as financial advisor.

Pepper Hamilton LLP represents the Official Committee of Unsecured
Creditors.


BAPTIST HOME: Okayed to Reject BHP Management Services Agreement
----------------------------------------------------------------
The Bankruptcy Court approved an agreement between The Baptist Home
of Philadelphia, et al., and BHP Services regarding (i) rejection
of the parties' management services agreement; and (ii) compromise
of related claims and post closing of services.

BHP is allowed the rejection claim of $265,000 subject to a
reduction of the post-closing services fess paid pursuant to the
agreement.

The Debtors and BHP are parties to a certain management services
agreement dated May 1, 2012, including a May 1, 2014 clerical
modification thereof, pursuant to which BHP provides management,
consulting, administrative and promotional services to the Debtor.


The management services agreement automatically renews for an
additional one-year term commencing on the first day of each May,
unless either of the parties gives written notice of termination at
least 120 days prior to the expiration of the existing term.
Accordingly, the term of the management services agreement is
presently set to run until April 30, 2015.

BHP will have an allowed general unsecured claim resulting from
the rejection of the management services agreement in the amount
of $265,000.

              About The Baptist Home of Philadelphia

The Baptist Home of Philadelphia and The Baptist Home Foundation
sought Chapter 11 protection (Bankr. E.D. Pa. Case Nos. 14-13305
and 14-13306) in Philadelphia on April 25, 2014.

Baptist Home of Philadelphia is a Pennsylvania nonprofit
corporation that owns and operates a continuing care retirement
community known as "Deer Meadows Retirement Community", which is
located at 8301 Roosevelt Boulevard, Philadelphia, Pennsylvania.
Home offers 126 living accommodations, which vary in size, for
independent living and personal care.  It presently also has 206
skilled nursing beds in the nursing and rehabilitation center that
offers short and long term care.  It has 369 employees.

Baptist Home of Philadelphia disclosed $37.3 million in assets and
$34.6 million in liabilities as of the Chapter 11 filing.

The Debtors have tapped Cozen O'Connor as counsel and KPMG
Corporate Finance LLC as financial advisor and investment banker.

The U.S. Trustee appointed Wilmarie Gonzalez as patient care
ombudsman.



BASIC ENERGY: S&P Lowers CCR to 'B'; Outlook Stable
---------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Fort Worth-based Basic Energy Services Inc. to 'B' from
'B+'.  The outlook is stable.

At the same time, S&P lowered its issue-level ratings on the
company's senior unsecured notes to 'B' from 'B+'.  The recovery
rating on the unsecured notes remains '4', indicating meaningful
(30% to 50%; at the upper half of the range) recovery in the case
of a payment default.

"The stable outlook reflects our expectation that Basic will
maintain adequate liquidity throughout the industry downturn, and
that credit measures will modestly improve in 2016," said Standard
& Poor's credit analyst Christine Besset.

Activity in the U.S. oil and natural gas exploration and production
(E&P) industry continues to slow in light of low crude oil and
natural gas prices, with many E&P companies significantly reducing
2015 capital spending plans.  Consequently, S&P has reduced its
revenue and EBITDA margin assumptions for U.S. land-focused
oilfield services provider Basic Energy Services Inc., resulting in
higher projected leverage.  S&P now estimates funds from operations
(FFO) to debt will fall below 12% and debt to EBITDA will exceed 5x
over the next two years, which S&P considers too high for a 'B+'
rating.  As a result, S&P has removed a positive comparative rating
analysis on Basic and lowered its corporate credit rating on Basic
to 'B' from 'B+'.  The outlook is stable.

Standard & Poor's views Basic's business profile as "weak."  S&P's
assessment primarily reflects its participation in the highly
cyclical and competitive U.S. oilfield services industry and its
relative modest size and scale compared with its largest
competitors.  The ratings also incorporate the company's
solid-positioning in oil-prone basins and its capital spending
flexibility during industry downturns.  S&P views Basic's financial
risk as "highly leveraged," reflecting S&P's expectation that FFO
to debt will fall to about 12% on average for the next three years.
In S&P's view, Basic's liquidity is "adequate."

S&P could consider a downgrade if Basic's operating performance is
materially weaker than it projects, likely due to worsening market
conditions.  In addition, S&P could revise the outlook to negative
or lower ratings if Basic is unable to amend the covenants under
its revolving credit facility.

S&P could raise the rating if market conditions in the onshore
North American oil and gas industry improved such that S&P expects
the company to sustain FFO to debt above 20% and debt leverage of
less than 4x over the cycle.



BAYOU SHORES: Feds Attack Ch. 11 Plan on Appeal
-----------------------------------------------
Law360 reported that the U.S. Government, in an appeal brief, said
a U.S. bankruptcy court erred in approving the reorganization plan
of a Florida nursing home that relies on Medicare payments because
the Centers for Medicare and Medicaid Services terminated its
provider agreement after discovering dangerous conditions at the
facility.

According to the report, U.S. health regulators terminated an
agreement to provide Medicare payments to Bayou Shores SNF LLC in
August 2014 after discovering multiple safety violations at the
skilled nursing home facility.

The case is Agency for Health Care Administration v. Bayou Shores
SNF LLC, Case No. 8:14-cv-02816 (M.D. Fla.).

                        About Bayou Shores

Bayou Shores SNF LLC, c/o Rehabilitation Center of St. Petersburg,
filed for Chapter 11 bankruptcy (Bankr. M.D. Fla. Case No.
14-09521) on Aug. 15, 2014, in Tampa.  Elizabeth A Green, Esq., at
Baker & Hostetler LLP, serves as the Debtor's counsel.  In its
petition, the Debtor estimated assets and liabilities of $1
million to $10 million.  The petition was signed by Tzvi
Bogomilsky, managing member.

The Troubled Company Reporter, on Jan. 13, 2015, reported that the
Rehabilitation Center of St. Petersburg nursing home has emerged
from bankruptcy -- despite protests from Medicare officials --
after a bankruptcy judge agreed it fixed record-keeping and
patient care problems.


BEAR ISLAND: May 13 Hearing on Confirmation of Liquidating Plan
---------------------------------------------------------------
Bankruptcy Judge Keith L. Phillips will convene a hearing on May
13, 2015, at 2:00 p.m., to consider the confirmation of the Amended
Plan of Liquidation proposed by Estate BIPCO, LLC, formerly known
as Bear Island Paper Company, L.L.C.

On Oct. 7, 2011, the Court approved the Debtor's Disclosure
Statement which, among other things, authorized the Debtor to
solicit votes with regard to the acceptance or rejection of the
Plan.

On Feb. 24, 2015, the Debtor, the Canadian Debtors and BD White
Birch Investment LLC, as the purchaser executed that certain estate
allocation compromise and settlement agreement which fully and
consensually resolves each of the estate allocation issues.  The
Debtor intends to seek approval of the estate allocation settlement
agreement at the confirmation hearing contemporaneously with
confirmation of the Amended Plan.

The Amended Plan dated March 31, 2015, contains modifications that,
among other things, reflect the outcome of the estate allocation
issues.

The Bankruptcy Court's entry of the confirmation order will
constitute the Bankruptcy Court's approval of the estate allocation
settlement agreement and the estate allocation.  The Debtor's
portion of the estate allocation (i) vested in the Debtor at sale
closing date; and (ii) will vest in Liquidating BIPCo on the
Effective Date.

As of the Effective Date, the Wind Down Creditors' Committee, on
behalf of Liquidating BIPCo, will retain the Plan Administrator.
The Plan Administrator will be responsible for implementing the
liquidation and Wind Down contemplated by this Plan, including
monetizing or abandoning any assets, resolving all claims, and
distributing cash pursuant to the Plan, pursuing, settling or
abandoning all remaining causes of action delegated to the Plan
Administrator by the Wind Down Creditors' Committee or otherwise
vested in the Debtor's Estate, and causing Liquidating BIPCo to
comply with the ASA, in each case in accordance with this Plan, the
Plan Administrator Agreement, the Wind Down Budget, and the
Administrative Fund Procedures.

A copy of the Amended Plan is available for free at
http://bankrupt.com/misc/BearIsland_1677_May13planhearing.pdf

                         About Bear Island

Canada-based White Birch Paper Company was the second largest
newsprint producer in North America.  As of Dec. 31, 2009, the
White Birch Group held a 12% share of the North American newsprint
market and employed roughly 1,300 individuals (the majority of
which reside in Canada).  Bear Island Paper Company, L.L.C., is a
U.S.-based unit of White Birch.

Bear Island filed a voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Case No. 10-31202) on
Feb. 24, 2010.  At June 30, 2011, the Company had $141.9 million
in total assets, $153.2 million in total liabilities, and a
stockholders' deficit of $11.3 million.

White Birch filed for bankruptcy protection under Canada's
Companies' Creditors Arrangement Act, before the Superior Court
for the Province of Quebec, Commercial Division, Judicial District
of Montreal, Canada.  White Birch and five other affiliates --
F.F. Soucy Limited Partnership; F.F. Soucy, Inc. & Partners,
Limited Partnership; Papier Masson Ltee; Stadacona Limited
Partnership; and Stadacona General Partner, Inc. -- also sought
bankruptcy protection under Chapter 15 of the U.S. Bankruptcy Code
(Bankr. E.D. Va. Case No. 10-31234).  Jonathan L. Hauser, Esq., at
Troutman Sanders LLP, in Virginia Beach, Virginia Beach, serves as
counsel to White Birch in the Chapter 11 case.

Richard M. Cieri, Esq., Christopher J. Marcus, Esq., and Michael
A. Cohen, Esq., at Kirkland & Ellis LLP, in New York, serve as
counsel to Bear Island.  Jonathan L. Hauser, Esq., at Troutman
Sanders LLP, in Virginia Beach, Virginia, serve as co-counsel to
Bear Island.

AlixPartners LLP serves as financial and restructuring advisors to
Bear Island, and Lazard Freres & Co., serves as investment banker.
Garden City Group is the claims and notice agent.  Jason William
Harbour, Esq., at Hunton & Williams LLP, in Richmond, Virginia,
represents the Official Committee of Unsecured Creditors.

Chief Judge Douglas O. Tice, Jr., handles the Chapter 11 and
Chapter 15 cases.

Bear Island was authorized by the bankruptcy judge in November
2010 to sell the business to a group consisting of Black Diamond
Capital Management LLC, Credit Suisse Group AG and Caspian Capital
Advisors LLC.  The sale closed in September 2012.

The caption for Bear Island's case was changed to "Estate BIPCO,
LLC" as required by the asset sale agreement.

Under a plan proposed for Bear Island, first- and second-lien
creditors with $424.9 million and $105.1 million in claims,
respectively, are expected to recover between 0.5 percent and
4 percent.  Unsecured creditors with $1.4 million in claims are to
receive the same dividend.


BIOVATION LLC: MVC Capital to Hold Public Auction on April 20
-------------------------------------------------------------
MVC Capital Bubble Technologies will sell the collateral of
Biovation LLC, Biovation Holdings LLC, and Green Bubble
Technologies to the highest bidder on April 20, 2015, at 2:00 p.m.
Central Time at the offices of Locke Lord LLP at 111 South Wacker
Drive in Chicago, Illinois.

The collateral will be offered on an "as is, where is" basis.  The
minimum opening bid must be at least $2 million.  The successful
bidder must make a deposit in cash of $50,000.  The balance must be
paid within 48 hours of the conclusion of the sale otherwise the
initial deposit will be forfeited and the collateral may be sold to
the next highest bidder at the option of MVC Capital.


BOSTON THERAPEUTICS: McGladrey Expresses Going Concern Doubt
------------------------------------------------------------
Boston Therapeutics, Inc., filed with the U.S. Securities and
Exchange Commission on March 27, 2015, its annual report on Form
10-K for the year ended Dec. 31, 2014.

McGladrey LLP expressed substantial doubt about the Company's
ability to continue as a going concern, citing the Company's
limited cash resources, recurring cash used in operations and
operating losses.

The Company reported a net loss of $4.7 million on $200,000 of
revenue for the year ended Dec. 31, 2014, compared to a net loss of
$4.6 million on $323,000 of revenue in the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $1.16 million
in total assets, $1.09 million in total liabilities and total
stockholders' equity of $74,700.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/rQy9PL
                          
Boston Therapeutics, Inc., is a pharmaceutical company, which
engages in the development, manufacture, and commercialization of
novel compounds based on complex carbohydrate chemistry. Its
products include therapeutic modules such as BTI320, Ipoxyn, and
Oxyfex. The company was founded by David Platt and Kenneth A.
Tassey Jr. on August 24, 2009 and is headquartered in Manchester,
NH.


CACHE INC: Exclusive Agent to Compensate A&G Realty's Fees
----------------------------------------------------------
Andrew Graiser, president A&G Realty Partners, LLC, filed a
supplemental declaration in support of Cache Inc., et al.'s
application to employ A&G Realty Partners, LLC, as real estate
consultant nunc pro tunc to the Petition Date.

An order dated March 6, 2015, approved the (i) sale of
substantially all of the Debtors' assets; and (ii) Great American
Group WF, LLC to act as the Debtors' exclusive agent to conduct
sale of certain of the Debtors' assets, including, inter alia, the
designation rights with respect to certain leases.

In this relation, Great American requested to retain A&G Realty to
provide certain services with respect to the designation leases.

Under the terms of the arrangement, A&G Realty would assist Great
American in selling the designation leases.  Great American, and
not the Debtors would be exclusively responsible for payment of A&G
Realty's fees and expenses in connection withe the lease sales of
the designation lease.

Mr. Graiser told the Court that the services to be provided by A&G
to Great American with respect to the lease sales will benefit the
Debtors' estates because any designation leases assumed by Great
American will eliminate potential rejection damage claims against
the Debtors' estates that potentially may have otherwise been
asserted is the leases were rejected.  In addition, the Debtors
will receive 1/3 of the proceeds from the  sale or disposition of
the designation leases.

Mr. Graiser assured the Court that A&G Realty's proposed retention
by Great American will not cause A&G Realty to be disinterested or
to hold or represent an interest adverse to the Debtors.  The
proposed relationship will not affect the services to be provided
to the Debtors.

A&G Realty is located in 445 Broadhollow Road, Suite 410, Melville,
New York City.

                       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.  In its schedules, the
Debtor disclosed $38,793,006 in assets and $84,113,066 in
liabilities.      

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



CAL DIVE: Committee Opposes $120-Mil. Loan Approval
---------------------------------------------------
Sherri Toub, a bankruptcy columnist for Bloomberg News, reported
that the Official Committee of Unsecured Creditors appointed in Cal
Dive International Inc.'s Chapter 11 case objected to the Debtor's
request for approval of a $120 million bankruptcy loan, saying the
financing imposes "unduly and unjustifiably compressed milestones"
for the sale of the business, designed to ensure the bankruptcy
lenders recover their investment at the expense of other
stakeholders.

According to the report, the panel is advocating for an extension
of sale deadlines.  Since the loan provides only about $20 million
of new money -- less than 17 percent of the total financing --
approval of the "roll-up" on a final basis will "hamstring" Cal
Dive and curtail its options under any future reorganization plan,
the report said, citing the committee's court filing.

                    About Cal Dive International

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

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

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

Cal Dive disclosed total assets of $571 million and total debt of
$411 million as of Sept. 30, 2015.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel,
O'Melveny & Myers LLP, as co-counsel; and Kurtzman Carson
Consultants, LLC, as claims and noticing agent.  The Debtors also
tapped Carl Marks Advisory Group LLC as crisis managers and
appoint
F. Duffield Meyercord as chief restructuring officer.

Through the Chapter 11 process, the Company will sell non-core
assets and intends to reorganize or sell as a going concern its
core subsea contracting business.

The U.S. Trustee for Region 3 formed a five-member committee of
unsecured creditors.


CAL DIVE: O'Melveny Rate Hike Irks Feds
---------------------------------------
Law360 reported that a federal bankruptcy monitor flagged Cal Dive
International Inc.'s request to retain O'Melveny & Myers LLP for
its Chapter 11 proceedings, saying the expiration of a 15 percent
discount on the firm's hourly rates upon Cal Dive's entry into
bankruptcy has no justification in the marketplace.

                    About Cal Dive International

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

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

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

Cal Dive disclosed total assets of $571 million and total debt of
$411 million as of Sept. 30, 2015.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel,
O'Melveny & Myers LLP, as co-counsel; and Kurtzman Carson
Consultants, LLC, as claims and noticing agent.  The Debtors also
tapped Carl Marks Advisory Group LLC as crisis managers and
appoint
F. Duffield Meyercord as chief restructuring officer.

Through the Chapter 11 process, the Company will sell non-core
assets and intends to reorganize or sell as a going concern its
core subsea contracting business.

The U.S. Trustee for Region 3 formed a five-member committee of
unsecured creditors.


CALVALLEY PETROLEUM: To Liquidate Amid Yemen Conflict
-----------------------------------------------------
Law360 reported that Canada-based Calvalley Petroleum Inc.
announced plans to liquidate its holdings and return up to $60
million to shareholders in response to political rebellion in Yemen
that the firm said has made pursuing energy exploration investments
there unacceptably risky.

According to the report, pending a Canadian court's approval,
Yemen-focused Calvalley's decision to cease operating as a
corporate entity amid a potential regional Middle Eastern conflict
allows stockholders to receive cash payments of 80.7 cents per
share, ownership stakes in a surviving Cyprus-based subsidiary or a
combination of the two.


CENTER POINT: Case Summary & 9 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Center Point Transfer Station, Inc.
        P.O. Box 52
        Caledonia, NY 14423

Case No.: 15-10697

Chapter 11 Petition Date: April 10, 2015

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

Judge: Hon. Michael J. Kaplan

Debtor's Counsel: Robert B. Gleichenhaus, Esq.
                  GLEICHENHAUS, MARCHESE & WEISHAAR, P.C.
                  930 Convention Tower
                  43 Court Street
                  Buffalo, NY 14202
                  Tel: (716) 845-6446
                  Fax: (716) 845-6475
                  Email: RBG_GMF@hotmail.com

Total Assets: $169,805

Total Liabilities: $1.28 million

The petition was signed by Kenneth H. Loughry, vice president.

A list of the Debtor's nine largest unsecured creditors is
available for free at http://bankrupt.com/misc/nywb15-10697.pdf


CHANNEL SOLUTIONS: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Channel Solutions LLC
        1955 W. Baseline Road, Suite 113-650
        Mesa, AZ 85202

Case No.: 15-04137

Chapter 11 Petition Date: April 10, 2015

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

Judge: Hon. Daniel P. Collins

Debtor's Counsel: Randy Nussbaum, Esq.
                  NUSSBAUM GILLIS & DINNER, P.C.
                  14850 N. Scottsdale Road, Suite 45O
                  Scottsdale, AZ 85254
                  Tel: 480-609-0011
                  Fax: 480-609-0016
                  Email: rnussbaum@ngdlaw.com

Total Assets: $638,598

Total Liabilities: $1.59 million

The petition was signed by Nicholas T. Adam, member, COO.

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


CHRYSLER GROUP: Appeals Dealer Law Preemption Ruling to High Court
------------------------------------------------------------------
Law360 reported that FCA US LLC has asked the U.S. Supreme Court to
overturn a Sixth Circuit ruling that found federal legislation
preempts state law on the reinstatement of dealerships severed by
Chrysler during its bankruptcy, arguing that the decision distorts
Congress' intent and creates a circuit split.

According to the report, on March 27, the automaker filed a
certiorari petition calling "aberrant" the Sixth Circuit's
determination that the Consolidated Appropriations Act -- which
allowed some of the severed dealers to be reinstated -- preempts
state law.

                      About Chrysler Group

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

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

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

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

                           *     *     *

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

                      About Chrysler Group

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

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

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

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

                           *     *     *

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

The Troubled Company Reporter, on April 10, 2015, reported that
Moody's Investors Service assigned B2 long-term senior unsecured
ratings to the proposed 144A/RegS notes to be issued by Fiat
Chrysler Automobiles N.V. (FCA or the company).

"The proceeds from the proposed bond issuances will be used for
general corporate purposes which may include funding the redemption
of, or otherwise refinancing, outstanding senior secured notes of
FCA US LLC," Moody's said.

The TCR, on the same day, also reported that Standard & Poor's
Ratings Services said that it assigned its 'BB-' issue rating to
the proposed US$3.0 billion senior unsecured notes to be issued by
automotive manufacturer Fiat Chrysler Automobiles N.V. (FCA NV). At
the same time, S&P assigned its recovery rating of '4′ to the
proposed notes, reflecting its expectation of average (30%-50%)
recovery -- in the lower half of the range -- for noteholders in
the event of a payment default.


CHRYSLER GROUP: Ex-Execs Lose Bid to Revive Age Discrimination Suit
-------------------------------------------------------------------
Law360 reported that a Michigan federal judge dismissed the sole
remaining claim in an already trimmed putative class action brought
by former Chrysler executives in the wake of the company's
bankruptcy, finding that their age discrimination claim didn't meet
the appellate court's prescribed standard.

According to the report, U.S. District Judge Avern Cohn shot down
the plaintiffs' bid to keep alive their allegations that the
company treated them differently than other workers because they
were older, finding that amended claims didn't clear a hurdle set
for the plaintiffs by the Sixth Circuit.

The case is Loffredo et al v. Daimler AG et al., Case No.
2:10-cv-14181 (E.D. Mich.).

                      About Chrysler Group

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

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

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

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

                           *     *     *

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


CHRYSLER GROUP: Hit with $150-Mil. Penalty in Boy's Death
---------------------------------------------------------
Mike Spector, writing for The Wall Street Journal, reported that a
jury found Chrysler responsible in the death of a 4-year-old
Georgia boy in a fiery Jeep crash and ordered the auto maker to pay
$150 million in damages.

According to the report, the verdict caps a trial that renewed
scrutiny of older sport-utility vehicles with fuel tanks that
regulators spotlighted as vulnerable in rear-end collisions.  After
deliberating for fewer than two hours, the jury in Bainbridge, Ga.,
found the auto maker was to blame for Remington Walden's March 2012
death, which was allegedly caused when the fuel tank installed
behind the rear axle on the SUV he was riding in, a 1999 Jeep Grand
Cherokee, leaked after a pickup truck rear-ended it, setting the
vehicle ablaze, the report related.

                      About Chrysler Group

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

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

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

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

                           *     *     *

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

The Troubled Company Reporter, on April 10, 2015, reported that
Moody's Investors Service assigned B2 long-term senior unsecured
ratings to the proposed 144A/RegS notes to be issued by Fiat
Chrysler Automobiles N.V. (FCA or the company).

"The proceeds from the proposed bond issuances will be used for
general corporate purposes which may include funding the redemption
of, or otherwise refinancing, outstanding senior secured notes of
FCA US LLC," Moody's said.

The TCR, on the same day, also reported that Standard & Poor's
Ratings Services said that it assigned its 'BB-' issue rating to
the proposed US$3.0 billion senior unsecured notes to be issued by
automotive manufacturer Fiat Chrysler Automobiles N.V. (FCA NV).
At the same time, S&P assigned its recovery rating of '4' to the
proposed notes, reflecting its expectation of average (30%-50%)
recovery -- in the lower half of the range -- for noteholders in
the event of a payment default.


DBSI INC: Gov't Has No Sovereign Immunity in $17M Tax Row
---------------------------------------------------------
Law360 reported that an Idaho federal judge said that the
government cannot assert sovereign immunity to dodge a claim filed
by the trustee of DBSI Inc. -- a bankrupt real estate firm whose
president and other officers were convicted of securities fraud --
seeking the return of the bulk of $17 million in taxes.

The case is Zazzali v. Swenson et al., Case No. 1:13-cv-00086 (D.
Idaho).

                         About DBSI Inc.

Headquartered in Meridian, Idaho, DBSI Inc. and its affiliates
were engaged in numerous commercial real estate and non-real
estate projects and businesses.  On Nov. 10, 2008, and other
subsequent dates, DBSI and 180 of its affiliates filed for
Chapter 11 protection (Bankr. D. Del. Lead Case No. 08-12687).
DBSI estimated assets and debts between $100 million and
$500 million as of the Chapter 11 filing.

Lawyers at Young Conaway Stargatt & Taylor LLP represent the
Debtors as counsel.  The Official Committee of Unsecured Creditors
tapped Greenberg Traurig, LLP, as its bankruptcy counsel.
Kurtzman Carson Consultants LLC is the Debtors' notice claims and
balloting agent.

Joshua Hochberg, a former head of the Justice Department fraud
unit, served as an Examiner and called the seller and servicer of
fractional interests in commercial real estate an "elaborate shell
game" that "consistently operated at a loss" in his report
released in October 2009.  McKenna Long & Aldridge LLP was counsel
to the Examiner.

On Sept. 11, 2009, the Honorable Peter J. Walsh entered an Order
appointing James R. Zazzali as Chapter 11 trustee for the Debtors'
estates.  On Oct. 26, 2010, the trustee won confirmation of the
Second Amended Joint Chapter 11 Plan of Liquidation for DBSI,
paving the way for it to pay creditors and avoid years of
expensive litigation over its complex web of affiliates.  The
plan, which was declared effective Oct. 29, 2010, was co-proposed
by DBSI's unsecured creditors committee.

Pursuant to the confirmed Chapter 11 plan, the DBSI Real Estate
Liquidating Trust was established as of the effective date and
certain of the Debtors' assets, including the Debtors' ownership
interest in Florissant Market Place was transferred to the RE
Trust.  Mr. Zazzali and Conrad Myers were appointed as the post-
confirmation trustees.  Messrs. Zazzali and Myers are represented
by lawyers at Blank Rime LLP and Gibbons P.C.


DELIA'S INC: Gets $3.9 Million for Pennsylvania Distribution Center
-------------------------------------------------------------------
Law360 reported that Delia's Inc. received court approval for a
$3.9 million deal to sell a Pennsylvania distribution plant as part
of its Chapter 11 liquidation.

According to Law360, Hanover Real Estate Partners LP will buy the
Hanover, Pennsylvania, distribution center for $3.95 million.  Bill
Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg News,
reported that Delia’s had two qualified bidders at a March 31
auction for its Pennsylvania-based distribution center, with
Hanover emerging as winner.

According to Bloomberg, so-called stalking horse Conewago
Contractors Inc. had offered about $3.7 million for the
distribution center alone to kick off the process.

                        About DELIA*S INC.

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

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

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

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

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

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

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


DELIAS INC: Court Approves Stipulation on Letter of Credit
----------------------------------------------------------
U.S. Bankruptcy Judge Robert D. Drain signed off a stipulation and
agreed order between dELiA*s, Inc., et al., and Hana Financial,
Inc., relating to a standby letter of credit issued for the benefit
of Hana as beneficiary to induce Hana to factor, purchase, be
assigned or make other financial accommodations with respect to the
factored accounts.

Prior to the Petition Date, Hana factored, purchased, was assigned
and made other financial accommodations with respect to certain
accounts receivable arising from the sale of goods or provision of
services by numerous vendors (collectively, the factored accounts)
to the Debtors which are clients of Hana.

Upon the request of the Debtors, General Electric Capital
Corporation issued a Standby Letter of Credit, dated Nov. 12, 2013,
in the amount of $75,000 for the benefit of Hana.

As of the Petition Date, the amounts outstanding on account of the
factored accounts totaled $45,183.  $29,816 remains undrawn on the
Letter of Credit.

The Court ordered that Hana will take all actions necessary to
cancel, terminate and return (to Wells Fargo, the servicer thereof)
the Letter of Credit.  Within three business days after Wells
Fargo's confirmation to the Bank of cancellation and termination of
the Letter of Credit, the Bank will remit the LOC Balance to the
Debtors by wire transfer pursuant to wire transfer provided by the
Debtors.

On March 17, Richard M. Allen, at Prime Clerk LLC, the Debtors'
claims and noticing agent, served the notice of presentment of
stipulation and agreed order approving cancellation and termination
of letter of credit by Hana.

                        About DELIA*S INC.

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

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

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

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

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

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

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


DELIAS INC: Creditor BDO USA Notifies Court of Change of Address
----------------------------------------------------------------
BDO USA, LLP, a creditor and party-in-interest in the Chapter 11
cases of dELiA*s, INC., et al., requested that the address on the
creditors matrix be change to:

         Lawrence W. Goldberg
         Director, Revenue management
         BDO USA, LLP
         4135 Mendenhall Oaks Parkway, Suite 40
         High Point, NC 2765

On March 10, 2015, Richard M. Allen at Prime Clerk, LLC, the
Debtors' claims and noticing agent, filed with the Court a
declaration in support of the employment of BDO USA, LLP.

According to the declaration of Robert W. Hamilton, director of
BDO, the Debtor intend to employ BDO to continue providing ordinary
course services during the cases.

BDO has performed and may perform accounting, tax or consulting
services unrelated to the Debtor for certain creditors or other
parties-in-interest.

Mr. Hamilton assured the Court that BDO does not represent any
interest adverse o the Debtors or their estate with respect to the
engagement for which it is to be retained.

                         About DELIA*S INC.

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

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

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

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

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

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

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


DELTA PETROLEUM: 10th Circ. Revives Shareholder Claim
-----------------------------------------------------
Law360 reported that the Tenth Circuit revived a securities class
action claim against a former executive of the now-defunct Delta
Petroleum Corp. over allegedly misleading investors about a
proposed $400 million transaction after finding that a Colorado
federal court improperly determined a lack of scienter in its
decision to toss the suit.

According to the report, a three-judge panel reversed the district
court's decision that plaintiff Patipan Nakkhumpun failed to
adequately plead securities fraud under the Securities Exchange Act
in regard to a statement made by former Delta Chairman.

The case is Nakkhumpun v. Taylor, et al., Case No. 1:12-cv-01038
(D. Colo.).

                       About Delta Petroleum

Delta Petroleum Corporation (NASDAQ: DPTR) is an independent oil
and gas company engaged primarily in the exploration for, and the
acquisition, development, production, and sale of, natural gas and
crude oil.  Natural gas comprises over 90% of Delta's production
services.  The core area of its operations is the Rocky Mountain
Region of the United States, where the majority of the proved
reserves, production and long-term growth prospects are located.

Delta and seven of its subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Case Nos. 11-14006 to 11-14013,
inclusive) on Dec. 16, 2011, roughly six weeks before the Jan. 31,
2012 scheduled maturity of its $38.5 million secured credit
facility with Macquarie Bank Limited and after several months of
unsuccessful attempts to sell the business.  Delta disclosed
$375,498,248 in assets and $310,679,157 in liabilities, which also
include $152,187,500 in outstanding obligations on account of the
7% senior unsecured notes issued in March 2005 with US Bank
National Association indenture trustee; and $115,527,083 in
outstanding obligations on account of 3-3/4% Senior Convertible
Notes due 2037 issued in April 2007.  In its amended schedules,
the Delta Petroleum disclosed $373,836,358 in assets and
$312,864,788 in liabilities.

W. Peter Beardsley, Esq., Christopher Gartman, Esq., Kathryn A.
Coleman, Esq., and Ashley J. Laurie, Esq., at Hughes Hubbard &
Reed LLP, in New York, N.Y., represent the Debtors as counsel.
Derek C. Abbott, Esq., Ann C. Cordo, Esq., and Chad A. Fights,
Esq., at Morris, Nichols, Arsht & Tunnel LLP, in Wilmington, Del.,
represent the Debtors as co-counsel.  Conway Mackenzie is the
Debtors' restructuring advisor.  Evercore Group L.L.C. is the
financial advisor and investment banker.  The Debtors selected
Epiq Bankruptcy Solutions, LLC as claims and noticing agent.  The
petition was signed by Carl E. Lakey, chief executive officer and
president.

Delta Petroleum won confirmation of its reorganization plan at a
hearing on Aug. 15.  Laramie Energy II LLC is the plan sponsor.
Delta Petroleum emerged from bankruptcy as Par Petroleum
Corporation.  At closing, Laramie and Par Petroleum contributed
their respective assets in Mesa and Garfield counties, Colorado,
to form a new joint venture called Piceance Energy, LLC.  Laramie
and Par Petroleum hold 66.66% and 33.34% ownership interests in
Piceance Energy, respectively.

The Company reported a net loss of $470.04 in 2011, a net loss of
$194.01 million in 2010, and a net loss of $349.68 million in
2009.


DENDREON CORP: Exclusive Plan Filing Date Extended to June 29
-------------------------------------------------------------
Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware extended through and including June 29,
2015, the period during which Dendreon Corporation, et al., have
exclusive right to file any Chapter 11 plan and through and
including Aug. 27, 2015, the period during which the Debtors have
exclusive right to solicit acceptances of the plan.

The Debtors filed a Chapter 11 plan of liquidation on March 10,
2015.  The Court is scheduled to convene a hearing on April 14 to
consider approval of the disclosure statement explaining the plan.

                        About Dendreon Corp

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

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

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

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

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

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

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


DENDREON CORP: Slams Shareholders' Bid to Stay Sale Pending Appeal
------------------------------------------------------------------
Law360 reported that Dendreon Corp., et al., asked the U.S.
Bankruptcy Court in Delaware not to stay the $495 million sale of
their assets to Valeant Pharmaceuticals International Inc., pending
an appeal, saying a shareholders' motion alleging a low valuation
showed a "willful disregard of the facts."

According to Law360, a so-called Donahue Group shareholders
complained that the sale price was a fraction of the company's true
worth, based on its revenue and other buyouts in the pharmaceutical
industry.  In the March motion to stay pending appeal to the Third
Circuit, Donahue said the company should be worth closer to $2
billion, Law360 said.

The Debtor, Law360 related, argued that the so-called Donahue Group
shareholders should not be allowed to substantially hold up the
bankruptcy process and hurt the company's debtors over their
objections to the company's valuation in the sale, especially given
that the sale closed in February.  Because the sale has already
closed, there is nothing to stay, the company's objection said,
Law360 added.

The Official Committee of Unsecured Creditors filed a joinder to
the Debtors' objection to the Donahue Group's motion to stay the
effectiveness of the sale order and the closing of the sale pending
appeal.

                        About Dendreon Corp

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

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

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

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

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

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

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


DENDREON CORP: Unsecured Creditors to Get 72% to 75% Under Plan
---------------------------------------------------------------
Dendreon Corporation, et al., revised their Chapter 11 plan of
liquidation and disclosure statement to, among other things,
provide that the estimated recovery for holders of general
unsecured claims will range from 72% to 75% of the total amount
estimated to range from $4,261,000 to $32,292,000.

Specifically, the Amended Plan, filed with the U.S. Bankruptcy
Court for the District of Delaware, provides for the following
classification and treatment of claims:

   Class                                      Est. % Recovery
   -----                                      ---------------
   Class 1 Priority Non-Tax Claims                100%
   Class 2 Secured Claims                         100%
   Class 3 2016 Noteholder Claims                72% to 75%
   Class 4 General Unsecured Claims              72% to 75%
   Class 5 Intercompany Claims                      0%
   Class 6 Subordinated Claims                      0%
   Class 7 Interests                                0%
   Class 8 Intercompany Interests                   0%

The Amended Disclosure Statement also reflect comments from
parties-in-interest and provide additional information.

The Court will convene a hearing on April 14, 2015, beginning at
2:00 p.m., to consider, among other things, the approval of the
Disclosure Statement and the objections raised by GlaxoSmithKline
LLC and the Office of the U.S. Trustee to the Disclosure
Statement.

GlaxoSmithKline stated: "...the Disclosure Statement fails to
provide any information regarding the Plan Oversight Committee
formation and composition.  Further, the Disclosure Statement fails
to provide adequate information regarding the calculation of the
2016 Noteholders' Claim, and the basis for allowing such claim in
full.  All such information is crucial to the Debtors' creditors'
ability to make a meaningful and informed decision regarding the
Plan.  Thus, the Disclosure Statement should not be approved until
such time as the information is provided as set forth herein."

A full-text copy of the Amended Disclosure Statement dated April
10, 2015, is available at
http://bankrupt.com/misc/DENDREONds0410.pdf

GlaxoSmithKline is represented by:

         Matthew P. Ward, Esq.
         Morgan L. Patterson, Esq.
         WOMBLE CARLYLE SANDRIDGE & RICE, LLP
         222 Delaware Avenue, Suite 1501
         Wilmington, DE 19801
         Tel: (302) 252-4320
         Fax: (302) 252-4330
         E-mail: maward@wcsr.com
                 mpatterson@wcsr.com

                        About Dendreon Corp

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

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

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

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

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

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

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


DERMA PEN: No Sanction for "Stinker" Ch. 11, Judge Says
-------------------------------------------------------
Law360 reported that a Delaware bankruptcy judge ruled that while
skin treatment marketer Derma Pen LLC's Chapter 11 case, which he
previously threw out, may have been "a stinker," he would not grant
a request by an opponent in a trademark dispute to sanction the
company or its former CEO.

                          About Derma Pen

Derma Pen, LLC, filed a Chapter 11 petition (Bankr. D. Del. Case
No. 14-11894) on Aug. 8, 2014, estimating under $1 million in both
assets and debts.  A copy of the petition is available at no extra
charge at http://bankrupt.com/misc/deb14-11894.pdf The Debtor is  
represented by Gregory A. Taylor, Esq., at Ashby & Geddes.

Derma Pen sought bankruptcy protection, on the eve of a jury trial
in the lawsuit it had filed in the United States District Court
for
the District of Utah against 4Ever Young Limited; Stene Marshall
d/b/a Dermapen World; and others regarding disputes related to a
Distribution Agreement executed by Derma Pen and 4EY.

Derma Pen is a provider of Class 1 FDA registered micro needling
and skin treatment devices and systems.  Derma Pen sold micro
needling devices and related products under the DERMAPEN(R)
trademark.

In December 2014, 4EY and Marshall obtained dismissal of the
Chapter 11 case, which they called a "litigation tactic" by the
Debtor.  The United States Trustee also filed a motion to convert
the case to Chapter 7 or dismiss it outright.


DIOCESE OF HELENA: Okayed to Incur $3.5M Loan Placid Enterprises
----------------------------------------------------------------
Bankruptcy Judge Terry L. Myers authorized Roman Catholic Bishop of
Helena, Montana, a Montana Religious Corporation Sole (Diocese of
Helena) to obtain postpetition financing

Creditor First Interstate Bank has withdrawn its objection to the
motion.

As reported in the Troubled Company Reporter on Nov. 28, 2014, the
Debtor asked the Court to approve a $3.5 million postpetition
financing from Placid Enterprises, LLC.

According to the Debtor, the loan will be secured by real
property, with partial paydown requirements if certain of the real
property be sold or transferred.

The loan will only be funded upon confirmation of a Plan of
Reorganization, and on an order approving the motion being entered
no later than Dec. 15, 2014, or by an extended date agreed to by
the parties.

The loan will bear interest at 5% per annum, and would be repaid
in equal monthly installments of $14,583.

A copy of the terms of the loan is available for free at

        http://bankrupt.com/misc/DioceseofHelena_328_DIP.pdf

                    About the Diocese of Helena

The Roman Catholic Bishop of Helena, Montana, a Montana Religious
Corporation Sole (a/k/a Diocese of Helena) sought protection under
Chapter 11 of the Bankruptcy Code on Jan. 31, 2014, to resolve more

than 350 sexual-abuse claims.  The Chapter 11 case (Bankr. D. Mont.

Case No. 14-60074) was filed in Butte, Montana.

Attorneys at Elsaesser Jarzabek Anderson Elliott & MacDonald,
Chtd., serve as counsel to the Debtor.  Gough, Shanahan, Johnson &
Waterman PLLP has been tapped as special counsel to provide legal
advice relating to sexual abuse claims.

Several Roman Catholic dioceses in the U.S. have filed for
bankruptcy to settle claims from current and former parishioners
who say they were sexually molested by priests.

The Roman Catholic Bishop of Helena filed its schedules of assets
and liabilities, which show assets with a value of more than
$16.037 million against debt totaling $33.6 million.  The filings
also showed that the diocese has $4.7 million in secured debt.
Creditors of the diocese assert $28.89 million in unsecured
non-priority claims.

The U.S. Trustee for Region 18 appointed seven creditors to serve
on the Official Committee of Unsecured Creditors.  The Committee
has retained Pachulski Stang Ziehl & Jones LLP as counsel.

The Court installed Michael R. Hogan as the legal representative
for these sex abuse victims: (a) are under 18 years of age before
the Claims Bar Date; (b) neither discovered nor reasonably should
have discovered before the Claims Bar Date that his or her injury
was caused by an act of childhood abuse; or (c) have a claim that
was barred by the applicable statute of limitations as of the
Claims Bar Date but is no longer barred by the applicable statute
of limitations for any reason, including for example the passage
of legislation that revives such claims.

                           *     *     *

Under the Diocese's plan, which was negotiated between the church
and its official committee representing clergy-abuse victims, the
church will contribute $2 million to a victims' fund, while seven
insurance companies will contribute $14.4 million to the fund in
return for ending their liability under policies they issued years
ago.  The report said the church's portion will come from a $3.5
million loan to be secured by the diocese's real estate.  General
unsecured creditors, whose claims are estimated to total less than
$1 million, will be paid in full.


DOCTORS COMMUNITY: Fitch Affirms 'BB+' Rating on 2010/2007A Bonds
-----------------------------------------------------------------
Fitch Ratings has affirmed the 'BB+' rating on the following 'BB+'
rating on issued by the Maryland Health and Higher Educational
Facilities Authority issued on behalf of Doctors Community Hospital
(DCH):

  -- $82,060,000 fixed rate bonds, series 2010;
  -- $60,910,000 fixed rate bonds, series 2007A.

The Rating Outlook is Stable.

SECURITY

The bonds are secured by a pledge of all receipts, a mortgage on
the hospital, and a debt service reserve fund.

KEY RATING DRIVERS

RECOVERING OPERATING PROFITABILITY:

Following four years of profitability decline, DCH posted a
positive operating margin of 0.4% in the fiscal year ended June 30,
2014, up from negative 1.5% in 2013. The improvement is largely
attributable to the Maryland Global Budget Revenue (GBR) program,
whereby DCH began receiving fixed hospital revenues beginning July
1, 2013. The GBR revenue target provides a predictable revenue
stream for DCH, offsetting challenges related to declining volume
trends.

WEAK LIQUIDITY:
Liquidity metrics remain very weak and continue to be a key credit
concern. Days cash on hand (DCOH) of 79.5, 3.9x cushion ratio, and
29.7% cash to debt at Feb. 28, 2015 compared unfavorably against
peers in the below investment grade category as well as other
providers operating under Maryland GBR. Given recovering cash flows
and manageable capital needs projected near or below depreciation
expense, liquidity growth is expected in the longer term.

HIGH DEBT BURDEN:
Debt burden is high with $10.9 million in annual debt service,
which equated to 5.3% of 2014 revenues compared to the below
investment grade median of 4%. Debt to EBITDA of 8.1x and debt to
capitalization of 76.8% also compare unfavorably against the below
investment grade medians. Debt service is level through 2038, and
will likely limit liquidity growth without significant improvement
in cash flow.

LOW BUT STABLE DEBT SERVICE COVERAGE:

Maximum annual debt service (MADS) coverage by operating EBITDA was
low but stable at 1.7x in fiscal 2014 and at 1.9x for the
eight-month interim period ended Feb. 28, 2015.

RATING SENSITIVITIES

LIQUIDITY GROWTH NEEDED: While DCH is expected to benefit from
improved operational and financial stability under the GBR program,
a return to investment grade rating will be dependent on the
demonstrated ability to build liquidity.

CREDIT PROFILE

DCH is a 182-bed hospital located in Lanham, MD, a suburb of
Washington D.C. Fitch's analysis is based on Doctors Community
Hospital and Subsidiaries, which generated $204.3 million in total
operating revenues in fiscal 2014. The obligated group is the
hospital only and accounted for over 100% of total assets and 88%
of total revenue of the entire entity in 2014.

Maryland Global Budget Revenue Program

The Stable Outlook reflects the benefit of participation in the GBR
program that the State of Maryland implemented under the state's
Medicare Waiver. The GBR program was introduced in 2013, offering
participants a fixed revenue stream designed to reimburse hospitals
for managing care in the most appropriate cost setting. The amount
of hospital revenue is known before the start of the fiscal year
and is adjusted annually. As one of the first participants, DCH
began receiving a fixed revenue base beginning July 1, 2013 based
on factors including service area demographics, utilization trends,
and market position. Target revenue in 2015 is $225.7 million
(before contractual adjustment), which is a 1.8% increase from
$221.8 million in 2014. For fiscal 2016, DCH is budgeting for a
2.1% increase.

Recovering Operating Profitability

Aided by a stable revenue base provided by the GBR program, fiscal
2014 exhibited a reversal in declining profitability since 2009.
Operating margin was a positive 0.4% in 2014 compared to a negative
1.5% in 2013, after steadily declining from 3.5% in 2009. Through
the eight-month interim period, operating margin improved to 2.2%
compared to 1.1% the prior year period compared to Fitch's 'BBB'
median of 1.1%. Similarly, operating EBITDA margin was 9% in 2014
and 10.2% in the interim period compared to the 'BBB' median of
7.9%. Management anticipates sustaining current profitability
levels in 2015, which Fitch believes is achievable.

Fitch expects improved operations to be sustained over the near
term, as DCH implements various care coordination strategies
including the purchase of an Accountable Care Organization, tighter
collaborations with area hospitals, and growing its physician
network. The ability to deliver quality care, reduce readmissions,
and maintain market share while managing expenditures would be key
in sustaining financial results.

Capital Planning

Following significant capital investments made through 2010, DCH's
capital plans remain manageable for the foreseeable future.
Operating room renovations are complete and were paid with
remaining bond proceeds from prior issuances. Routine capital is
budgeted at $3 million-$5 million annually, compared to
depreciation levels at around $10 million.

Weak Liquidity

Unrestricted cash and investments totaled $42.9 million at Feb. 28,
2015, equating to 79.5 DCOH, 3.9x cushion ratio, and 29.7% cash to
debt, which remains unfavorable within the 'BB' rating category and
against other Maryland issuers under the all-payor rate system.
While improved cash flows and manageable capital spending has
reversed the trend of declining liquidity, future growth is
somewhat limited by high debt service requirements of nearly $11
million annually. As a result, Fitch believes current liquidity
levels provide limited cushion from operating variability despite
manageable future capital needs. Further liquidity growth would be
key in returning to an investment grade rating.

DEBT PROFILE

As of Feb. 28, 2015, long-term debt totaled $144.5 million,
generating MADS of $10.9 million. Debt burden is high as measured
by MADS as a percentage of revenue of 5.3% and 8.1x debt to EBITDA
in fiscal 2014 compared to the below investment grade medians of 4%
and 4.6x. Due to the high debt burden, MADS coverage was a low 1.7x
in fiscal 2014 and 1.9x in the interim period despite solid EBITDA
margins. However, MADS coverage has been stable and averaged 1.6x
over the last three fiscal years. Further, MADS coverage by the
obligated group, as calculated under the bond documents, was
stronger at 2.7x through the six-month interim period ended Dec.
31, 2014. All debt is fixed and there are no swaps outstanding.

DISCLOSURE

DCH covenants to provide quarterly financial information 45 days
after quarter end and annual financial information within 120 days
of fiscal year end via the Municipal Securities Rulemaking Board's
EMMA system.



DUNE ENERGY: Files Schedules of Assets and Liabilities
------------------------------------------------------
Dune Energy Inc. and its debtor-affiliates filed with the
Bankruptcy Court for the Western District of Texas their schedules
of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property              $263,337,172
  B. Personal Property          
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                              $107,981,306
  E. Creditors Holding
     Unsecured Priority
     Claims                                          
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        
                                 -----------      -----------
        TOTAL                   $263,337,172     $107,981,306

A full-text copy of the schedules is available for free at
http://is.gd/Yf8IIc

                        About Dune Energy

Dune Energy, Inc. (NYSE AMEX: DNE), is an independent energy
company based in Houston, Texas.  Since May 2004, the Company has
been engaged in the exploration, development, acquisition and
exploitation of natural gas and crude oil properties, with
interests along the Louisiana/Texas Gulf Coast.  The Company's
properties cover over 90,000 gross acres across 27 producing oil
and natural gas fields.

Affiliates Dune Energy, Inc. (Bankr. W.D. Tex. Case No. 15-10336),
Dune Operating Company (Bankr. W.D. Tex. Case No. 15-10337), and
Dune Properties, Inc. (Bankr. W.D. Tex. Case No. 15-10338) filed
separate Chapter 11 bankruptcy petitions on March 8, 2015.  The
petitions were signed by James A. Watt, president and chief
executive officer.

Judge Christopher H. Mott presides over the case.  Charles A.
Beckham, Jr., Esq., Kourtney P. Lyda, Esq., and Kelli M.
Stephenson, Esq., at Haynes And Boone, LLP, serve as the Debtors'
bankruptcy counsel.  Deloitte Transactions And Business Analytics
LLP is the Debtors' restructuring advisors.  Parkman Whaling LLC is
the Debtors' sale professionals.

The Debtors listed $229.4 million in total assets and $144.2
million in total debts as of Sept. 30, 2014.


DUNE ENERGY: Names Deliotte Transactions as Financial Advisor
-------------------------------------------------------------
Dune Energy Inc. and its debtor-affiliates ask the U.S. Bankruptcy
Court for the Western District of Texas for authority to employ
Deloitte Transactions and Business Analytics LLP as their financial
advisor.

The firm will assist the Debtors with the:

   a) development of a creditors' matrix;

   b) preparation of the Statements of Financial Affairs;

   c) preparation of the Schedules of Assets and Liabilities;

   d) preparation of monthly operating reports;

   e) processing of claims filed in the Chapter 11 Cases;

   f) development of cash control procedures and ledger and
      accounts payable cutoff procedures; and,

   g) planning for and implementing accounting and reporting
      requirements during the Chapter 11 Cases.

The firm's professionals and their compensation rates:

      Personnel classification         Hourly Rate
      ------------------------         -----------
      Partner/Principal                $625–695
      Director                         $525–625
      Sr. Manager/Sr. Vice President   $465–495
      Manager/Vice President           $425–450
      Associate/Sr. Associate          $375–395

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

A hearing was set for April 13, 2015, at 1:30 p.m. Central Time to
consider the Debtors' request.

                        About Dune Energy

Dune Energy, Inc. (NYSE AMEX: DNE), is an independent energy
company based in Houston, Texas.  Since May 2004, the Company has
been engaged in the exploration, development, acquisition and
exploitation of natural gas and crude oil properties, with
interests along the Louisiana/Texas Gulf Coast.  The Company's
properties cover over 90,000 gross acres across 27 producing oil
and natural gas fields.

Affiliates Dune Energy, Inc. (Bankr. W.D. Tex. Case No. 15-10336),
Dune Operating Company (Bankr. W.D. Tex. Case No. 15-10337), and
Dune Properties, Inc. (Bankr. W.D. Tex. Case No. 15-10338) filed
separate Chapter 11 bankruptcy petitions on March 8, 2015.  The
petitions were signed by James A. Watt, president and chief
executive officer.

Judge Christopher H. Mott presides over the case.  Charles A.
Beckham, Jr., Esq., Kourtney P. Lyda, Esq., and Kelli M.
Stephenson, Esq., at Haynes And Boone, LLP, serve as the Debtors'
bankruptcy counsel.  Deloitte Transactions And Business Analytics
LLP is the Debtors' restructuring advisors.  Parkman Whaling LLC is
the Debtors' sale professionals.

The Debtors listed $229.4 million in total assets and $144.2
million in total debts as of Sept. 30, 2014.


ENERGY FUTURE: Bondholders Want Make-Whole Ruling Clarified
-----------------------------------------------------------
Law360 reported that a group of Energy Future Holdings Corp.
bondholders led by indenture trustee Delaware Trust Co. urged a
Delaware bankruptcy judge to clarify his recent ruling that the
power giant's repayment of $4 billion in senior notes doesn't
entitle them to make-whole premiums, saying the court's order could
create confusion that affects potential appeals.

As previously reported by The Troubled Company Reporter, the judge
ruled that EFH is not liable for a penalty of two-thirds of a
billion dollars for early repayment of $4 billion in senior bonds.

EFH and the senior bondholders had long clashed in Delaware federal
court over whether the company's decision to repay $4 billion in
senior bonds entitled those investors to sizable make-whole
premiums.  U.S. Bankruptcy Judge Christopher Sontchi said that his
reading of the contract didn't require them.

                        About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly
administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of $49.7 billion.  The Debtors have $42
billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement
are represented by Akin Gump Strauss Hauer & Feld LLP, as legal
advisor, and Centerview Partners, as financial advisor. The EFH
equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the
second-lien noteholders owed about $1.6 billion, is represented by
Ashby & Geddes, P.A.'s William P. Bowden, Esq., and Gregory A.
Taylor, Esq., and Brown Rudnick LLP's Edward S. Weisfelner, Esq.,
Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq., Jeremy B. Coffey,
Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ENERGY FUTURE: GLM DFW Overcharged Oncor, Must Pay $1.5M
--------------------------------------------------------
Nicholas Sakelaris at Dallas Business Journal reports that a
Judicial Court in Dallas County ordered GLM DFW Inc. on March 31,
2015, to pay Energy Future Holdings Corp.'s subsidiary, Oncor, $1.5
million in settlement -- $876,036 for the excess charges, $104,640
in interest, and $527,722 in attorneys fees incurred by  Oncor.

Business Journal relates that an audit discovered that GLM DFW,
which Oncor hired in 2006 to manage its scrap metal recycling
program, had overcharged the Company during a four-year period
ending in 2010.  GLM DFW had overcharged Oncor by 2 cents per pound
for everything that was recycled, the report says, citing James
Walker, Esq., at Walker Sewell, the attorney for Oncor.

                        About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of $49.7 billion.  The Debtors have $42
billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ENERGY FUTURE: Panel to Hire Kinsella as Asbestos Claims Expert
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of Energy Future
Holdings Corporation and its debtor-affiliates asks the U.S.
Bankruptcy Court for the District of Delaware for authority to
retain Kinsella Media LLC as their asbestos claims noticing
expert.

The firm is expected to:

   a) evaluate the Proposed Notice Procedures and assist the EFH  

      Committee and its counsel in considering the Proposed Notice

      Procedures, including, as necessary, analysis of the
      Debtors' businesses, their operations, the products used in
      their facilities, and other pertinent data to determine the
      manner and scope of notice;

   b) provide recommendations to the EFH Committee and its counsel

      with regard to the Proposed Notice Procedures;

   c) provide an expert opinion and related testimony with respect

      to the Proposed Notice Procedures;

   d) consult with the EFH Committee and its counsel with respect
      to any appeal related to the Proposed Notice Procedures; and

   e) provide such other advisory services as may be requested by
      the EFH Committee or its counsel from time to time relating
      to the Proposed Notice Procedures.

The firm will receive a consultation fee of $30,000 for all the
services rendered.  The Committee proposes that the consultation
fee be paid to the firm as follows:

   i) $100,000 of the Consultation Fee at the end of the first
      month following the Court's approval of the Application,
      without further order of the Court;

  ii) $150,000 of the Consultation Fee upon the Court's entry an
      order approving the Proposed Notice Procedures; and

iii) $50,000 upon the earlier of (x) final resolution of the
      Debtors' bar date motion, including any appeals or further
      proceedings or (y) written notice to the firm from the
      Committee that the Committee has determined the engagement
      to be complete.

The Committee assure the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.
    
A hearing is set for April 14, 2015, at 9:30 a.m., to consider the
Debtors' request.  Objections were due on April 10, 2015.

                        About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of $49.7 billion.  The Debtors have $42
billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for the
second-lien noteholders owed about $1.6 billion, is represented by
Ashby & Geddes, P.A.'s William P. Bowden, Esq., and Gregory A.
Taylor, Esq., and Brown Rudnick LLP's Edward S. Weisfelner, Esq.,
Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq., Jeremy B. Coffey,
Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ENERGY FUTURE: Taps Enoch Kever as Special Counsel
--------------------------------------------------
Energy Future Holdings Corp. and its debtor-affiliates ask the U.S.
Bankruptcy Court for the District of Delaware for permission to
employ Enoch Kever to continue to represent the Debtors as their
special counsel in connection with certain regulatory and
legislative matters that may arise or be ongoing, contested cases,
rule makings, advocacy, and compliance counseling related to
matters jurisdictional to the Public Utility Commission of Texas,
the Federal Energy Regulatory Commission, and the Texas Commission
on Environmental Quality as well as the North American Electric
Reliability Corporation's Reliability Standards and the Electric
Reliability Council of Texas Protocols and Operating Guides.

The firm agreed to an annual base fee of $1,950,000 to be paid in
equal monthly installments of $162,000 for January through December
2015.  The specific allocation of monthly payments by the Debtors
are:

    Luminant                        $100,000
    EFH Corp.                       $50,000
    TXU Energy Retail Company LLC   $10,416
    4Change Energy Company          $2,083

The Debtors assure the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.
    
A hearing is set for April 14, 2015, at 9:30 a.m., to consider the
Debtors' request.  Objections were due on April 7, 2015.

                        About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

On April 29, 2014, Energy Future Holdings and 70 affiliated
companies sought Chapter 11 bankruptcy protection (Bankr. D. Del.
Lead Case No. 14-10979) after reaching a deal with some key
financial stakeholders to keep its businesses operating while
reducing its roughly $40 billion in debt.

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported assets of $36.4 billion in
book value and liabilities of $49.7 billion.  The Debtors have $42
billion of funded indebtedness.

EFH's legal advisor for the Chapter 11 proceedings is Kirkland &
Ellis LLP, its financial advisor is Evercore Partners and its
restructuring advisor is Alvarez & Marsal.  The TCEH first lien
lenders supporting the restructuring agreement are represented by
Paul, Weiss, Rifkind, Wharton & Garrison, LLP as legal advisor,
and Millstein & Co., LLC, as financial advisor.

The EFIH unsecured creditors supporting the restructuring
agreement are represented by Akin Gump Strauss Hauer & Feld LLP,
as legal advisor, and Centerview Partners, as financial advisor.
The EFH equity holders supporting the restructuring agreement are
represented by Wachtell, Lipton, Rosen & Katz, as legal advisor,
and Blackstone Advisory Partners LP, as financial advisor.  Epiq
Systems is the claims agent.

Wilmington Savings Fund Society, FSB, the successor trustee for
the second-lien noteholders owed about $1.6 billion, is
represented by Ashby & Geddes, P.A.'s William P. Bowden, Esq., and
Gregory A. Taylor, Esq., and Brown Rudnick LLP's Edward S.
Weisfelner, Esq., Jeffrey L. Jonas, Esq., Andrew P. Strehle, Esq.,
Jeremy B. Coffey, Esq., and Howard L. Siegel, Esq.

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ERIE HOCKEY: Broker Confident Co. Could Pay All Debts Through Sale
------------------------------------------------------------------
Ed Palattella, writing for Erie Times-News, reported that Robert
Caporale, chairman of Game Plan Special Services LLC and the broker
in charge of selling Erie Otters, said that he is confident the
Team will sell for $8 million to $10 million, which would be enough
to satisfy all its creditors in full.

Court documents show that the Team's value is put at almost $9.4
million.  According to court documents, 15 potential buyers have
shown interest in the team "for prices that ranged from $7 million
to $8 million."

Four groups have expressed the strongest interest in acquiring the
Team, with three of them giving an indication that they want to
keep the team in Erie, Erie Times relates, citing Mr. Caporale.
According to the report, Mr. Caporale said that one has submitted a
formal bid and three others intend to submit formal bids soon.

Bankruptcy Judge Thomas P. Agresti has set for May 7, 2015, a
hearing to review the status of the case, Erie Times reports.

                   About The Erie Hockey Club

The Erie Hockey Club LTD's primary asset is its franchise agreement
with the Ontario Hockey League for the Erie Otters hockey team.

Affiliates Erie Hockey Club Limited (Bankr. W.d. Pa. Case No.
15-10380) and Bassin Hockey, Inc. (Bankr. W.d. Pa. Case No.
15-10381) filed separate Chapter 11 bankruptcy petitions on April
8, 2015.  Erie Hockey and Bassin Hockey estimated their assets at
between $1 million and $10 million each, and their liabilities at
between $1 million and $10 million each.  The petition was signed
by Sherwood Bassin, sole shareholder Bassin Hockey.

Nicholas R. Pagliari, Esq., and James R. Walczak, Esq., at
MacDonald, Illig, Jones & Britton LLP serve as the Debtors'
bankruptcy counsel.  Schaffner Knight Minnaugh & Company is the
Debtors' accountant.  Game Plan Special Services LLC is the
Debtors' broker.

Judge Thomas P. Agresti presides over the case.

As reported by the Troubled Company Reporter on April 9, 2015, Ed
Palattella at Erie Times-News reported that Erie Otters filed for
bankruptcy to stop the National Hockey League's Edmonton Oilers
from forcing a sale of the Otters to collect on a $4.6 million
debt.


EXIDE TECHNOLOGIES: Investors Seek Class Cert. in Enviro. Suit
--------------------------------------------------------------
Law360 reported that shareholders of Exide Technologies Inc. urged
a California federal judge to certify their investor class action,
arguing that the putative class suffered a common injury when Exide
executives hid the company's failure to comply with environmental
regulations.

According to the report, the plaintiffs, which includes both
shareholders and senior note holders, allege that Exide and a group
of 10 Exide executives and board members knew that the company's
Vernon, California, facility was leaking toxins and concealed this
fact in public statements.

The case is David M Loritz v. Exide Technologies et al., Case No.
2:13-cv-02607 (C.D. Calif.).

                     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.

U.S. Bankruptcy Judge Kevin Carey in Delaware on March 27, 2015,
issued a findings of fact, conclusions of law and order confirming
Exide Technologies' Fourth Amended Plan of Reorganization after
determining that the plan satisfies the confirmation requirement
of
Section 1129 of the Bankruptcy Code.


FIRSTPLUS FINANCIAL: Lucchese Fraudster Wants His Old Lawyer Back
-----------------------------------------------------------------
Law360 reported that a reputed associate of the Lucchese crime
family has asked a New Jersey federal judge for a hearing to get a
new lawyer for his sentencing related to the $12 million looting of
a mortgage lender, saying that his current counsel is not following
his defense strategy.

According to the report, in a letter dated March 28, Salvatore
Pelullo told U.S. District Judge Robert B. Kugler that he has
irreconcilable differences with his lawyer, Troy A. Archie of
Afonso Baker & Archie PC.

The case is USA v. SCARFO et al., Case No. 1:11-cr-00740 (D.N.J.).

                    About FirstPlus Financial

Based in Beaumont, Texas, FirstPlus Financial Group, Inc. (Pink
Sheets: FPFX) -- http://www.firstplusgroup.com/-- was a    
diversified company that provided commercial loan, consumer
lending, residential and commercial restoration, facility
(janitorial and maintenance) services, insurance adjusting
services, construction management services and a facilities and
restoration franchise business.  The Company had three direct
subsidiaries, Rutgers Investment Group, Inc., FirstPlus
Development Company and FirstPlus Enterprises, Inc.  In turn,
FirstPlus Enterprises, Inc., had three of its own direct
subsidiaries, FirstPlus Restoration Co., LLC, FirstPlus Facility
Services Co., LLC and The Premier Group, LLC.  FirstPlus
Restoration and FirstPlus Facility jointly owned FirstPlus
Restoration & Facility Services Company.  Additionally, FirstPlus
Development had one direct subsidiary FirstPlus Acquisitions-1,
Inc.

A subsidiary of FirstPlus Financial Group -- FirstPlus Financial
Inc. -- filed for Chapter 11 bankruptcy in March 1999 before the
U.S. Bankruptcy Court for the Northern District of Texas, Dallas
Division, amid turmoil in the asset-backed securitization markets
and the lack of a reliable, committed secondary take-out source
for high LTV loans.  A modified third amended reorganization plan
was confirmed in that case in April 2000.

FirstPLUS Financial Group filed for Chapter 11 protection (Bankr.
N.D. Tex. Case No. 09-33918) on June 23, 2009.  Aaron Michael
Kaufman, Esq., and George H. Tarpley, Esq., at Cox Smith Matthews
Incorporated, served as counsel.  The Debtor had total assets of
$15,503,125 and total debts of $4,539,063 as of June 30, 2008.
FirstPLUS Financial Group disclosed $1,264,637 in assets and
$10,347,448 in liabilities as of the Chapter 11 filing.

Matthew D. Orwig was appointed as the Chapter 11 trustee in the
Debtor's cases.  He is represented by Peter A. Franklin, Esq., and
Erin K. Lovall, Esq., at Franklin Skierski Lovall Hayward LLP.
Franklin Skierski was elevated to lead counsel from local counsel
in the stead of Jo Christine Reed and SNR Denton US LLP, due to
the maternity leave of Ms. Reed.  Kurtzman Carson Consultants
served as notice and balloting agent.


FIVE S PLUS: Case Summary & 13 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Five S Plus, LLC
          dba River Rouge Plantation of Louisiana
        200 McKeithen Drive
        Alexandria, LA 71303

Case No.: 15-80398

Chapter 11 Petition Date: April 10, 2015

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

Judge: Hon. Henley A. Hunter

Debtor's Counsel: L. Laramie Henry, Esq.
                  P.O. Box 8536
                  Alexandria, LA 71306
                  Tel: (318) 445-6000
                  Fax: (318) 445-6063
                  Email: laramie@henry-law.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $1 million to $10 million

The petition was signed by Aaron L. Slayter, Jr., managing member.

List of Debtor's 13 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Valley Farmers Co-op                Open Account       $61,207

Aaron Slayter, Jr.                  Open Account       $17,096

Petrus Feed & Seed                  Open Account        $2,374

John Deere Credit                   Open Account        $1,731

E.S. Voelker Company                Open Account        $1,384

American Grazing Lands              Open Account        $1,337

Louisiana Construction &            Open Account         $590
Industry SIF

Swine Genectics International       Open Account         $378

APASCO                              Open Account         $304

Grant Tire                          Open Account         $273

Bancorp South                       Open Account         $259

Despino's Tire                      Open Account         $178

Welders Equipment, Inc.             Open Account         $125


FIVE S PLUS: Files Bare-Bones Chapter 11 Petition
-------------------------------------------------
Five S Plus, LLC, doing business as River Rouge Plantation of
Louisiana, commenced a Chapter 11 bankruptcy case (Bankr. W.D. La.
Case No. 15-80398) on April 10, 2015, in Alexandria, Louisiana,
without stating a reason.  

Five S Plus -- http://www.fivesplus.com/-- owns the River Rouge
Plantation, a 5,000-acre property located on the banks of the Red
River, stretching from Boyce to Colfax, Louisiana.  From then until
now, the property has been used for cattle to graze, farming, and
recreation.  This property, formerly called Mead Plantation, or
Meadland, dates back to the early 1800s, when it was owned by
Joshua R. Mead and his family.  The land changed hands several
times, and in 2003, the farm was purchased by the Slayter family,
owners of Five S Plus cattle company.

The Debtor estimated $10 million to $50 million in total assets and
$1 million to $10 million in debt.  The formal schedules of assets
and liabilities, as well as the statement of financial affairs, are
due April 24, 2015.  The Debtor's Chapter 11 plan and disclosure
statement are due Aug. 10, 2015.  

The case is assigned to Judge Henley A. Hunter.  L. Laramie Henry,
Esq., serves as counsel to the Debtor.

Aaron L. Slayter, Jr., holds a 51 percent membership interest while
Michelle Renee Travis owns the remaining 49 percent.  Mr. Slayter,
as managing member, signed the bankruptcy petition.


FREEDOM INDUSTRIES: Agrees To Elk River Spill Cleanup Plan
----------------------------------------------------------
Law360 reported that Freedom Industries Inc. has agreed to clean up
the site of the 2014 Elk River chemical spill, just days after
pleading guilty in West Virginia federal court to its role in the
disaster, the state Department of Environmental Protection said.

According to the Law360 report, the DEP said the now-defunct
company signed a Voluntary Remediation Agreement under which the
Freedom restructuring team and environmental consultants will work
with the DEP to identify human health and ecological risks
associated with potential future uses of the 5-acre site.  The
agreement also establishes applicable remediation standards and
ensures that those standards are maintained, Law360 related, citing
the department.  Among other requirements, the VRA lists the
required work plans and reports and a schedule for when each must
be submitted and approved, Law360 added.

Ken Ward Jr., writing for West Virginia Gazette, reported that,
citing what he said was "major progress" in the Freedom Industries
bankruptcy, U.S. Bankruptcy Judge Ronald Pearson called off a
hearing he had scheduled to force Freedom management to explain why
key aspects of the case were stalled.

According to the Gazette, in a two-page order, Judge Pearson noted
that the DEP's acceptance of Freedom into the state's more flexible
"voluntary" toxic-cleanup program is "indicative of major progress
toward bringing this case towards conclusion."

                      About Freedom Industries

Freedom Industries Inc. is engaged principally in the business of
producing specialty chemicals for the mining, steel and cement
industries.  The Debtor operates two production facilities located
in (a) Nitro, West Virginia; and (b) Charleston, West Virginia.

The company, connected to a chemical spill that tainted the water
supply in West Virginia, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. W.Va. Case No. 14-bk-20017) on
Jan. 17, 2014.  The case is assigned to Judge Ronald G. Pearson.
The petition was signed by Gary Southern, president.

The Debtor is represented by Mark E Freedlander, Esq., at McGuire
Woods LLP, in Pittsburgh, Pennsylvania; and Stephen L. Thompson,
Esq., at Barth & Thompson, in Charleston, West Virginia.

On Dec. 31, 2013, four companies merged under the umbrella of
Freedom Industries: Freedom Industries Inc., Etowah River Terminal
LLC, Poca Blending LLC and Crete Technologies LLC.

As reported in the Troubled Company Reporter on Feb. 20, 2014,
Kate White, writing for The Charleston Gazette, reported that the
Debtor disclosed $16 million in assets and $6 million in
liabilities when it filed for bankruptcy.

On Feb. 5, 2014, the U.S. Trustee appointed an official committee
of unsecured creditors.  The Committee retained Frost Brown Todd
LLC as counsel.

On March 18, 2014, the Bankruptcy Court approved the hiring of
Mark Welch at MorrisAnderson in Chicago as Freedom's chief
restructuring officer.


GARLOCK SEALING: "Fishing" in Asbestos RICO Suit, Firms Says
------------------------------------------------------------
Law360 reported that mesothelioma law firm Belluck & Fox LLP fought
a North Carolina magistrate judge's order allowing defunct gasket
company Garlock Sealing Technologies LLC to subpoena information on
157 asbestos litigants in a Racketeer Influenced and Corrupt
Organizations Act suit against the law firm, saying the order was
"clearly erroneous and contrary to law."

According to the report, Belluck & Fox moved for a protective order
in the adversary suit hoping to block 24 third-party subpoenas
served by Garlock seeking documents from 55 bankruptcy trusts and
claims processing facilities involved in the massive mesothelioma
litigation against the gasket company, but Magistrate Judge David
S. Cayer shot down the law firm's request in March.  Belluck
promptly objected to the ruling, saying the information sought is
overly broad and has little to do with Garlock's claims, the report
related.

The case is Garlock Sealing Technologies LLC et al. v. Belluck &
Fox LLP et al., case number 3:14-cv-00118, in the U.S. District
Court for the Western District of North Carolina.

                     About Garlock Sealing

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

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

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

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

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

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

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


GARLOCK SEALING: Slams Asbestos Estimation Ahead of Trial
---------------------------------------------------------
Law360 reported that Garlock Sealing Technologies LLC has asked a
North Carolina bankruptcy judge to exclude a claimants' committee's
expert testimony ahead of an upcoming trial to determine its
liability estimation for asbestos claims, calling the opinions
"irrelevant" and "hundreds of million of dollars too high."

According to the report, Garlock, in a brief supporting its motion
to exclude testimony, said the opinions of Dr. Mark A. Peterson and
Dr. Francine F. Rabinovitz, which purported to identify the
bankrupt gasket manufacturer's liability for people suffering from
mesothelioma as a result of handling Garlock's products, failed in
their analysis to identify the number of allowable claims or the
cost of resolving them in bankruptcy.

                     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.


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

      Debtor                                       Case No.
      ------                                       --------
      GC London KY Inc.                            15-60463
      P.O. Box 4065
      Middletown, NJ 08234

      GC Somerset KY Inc.                          15-60466
      P.O. Box 4065
      Middletown, NJ 08234

      GC Delran NJ, LLC                            15-50711

      GC Egg Harbor NJ, Inc.                       15-50710

      GC Lexington, KY Inc.                        15-50709

      GC Nicholasville KY Inc.                     15-50708

      GC Georgetown KY Inc.                        15-50707
      P.O. Box 4065
      Middletown, NJ 08234

Chapter 11 Petition Date: April 10, 2015

Court: United States Bankruptcy Court
       Eastern District of Kentucky (London)

Judge: Hon. Gregory R. Schaaf

Debtors' Counsel: Jamie L. Harris, Esq.
                  DELCOTTO LAW GROUP PLLC
                  200 North Upper Street
                  Lexington, KY 40507
                  Tel: (859) 231-5800
                  Email: jharris@dlgfirm.com

                                    Estimated   Estimated
                                     Assets    Liabilities
                                  -----------  -----------
GC London KY Inc.                 $1MM-$10MM   $1MM-$10MM
GC Somerset KY Inc.               $1MM-$10MM   $1MM-$10MM
GC Georgetown KY Inc.             $1MM-$10MM   $1MM-$10MM

The petition was signed by Dexter Bartholomew, president.

A list of GC London KY Inc.'s 17 largest unsecured creditors is
available for free at http://bankrupt.com/misc/kyeb15-60463.pdf

A list of GC Somerset KY Inc.'s 15 largest unsecured creditors is
available for free at http://bankrupt.com/misc/kyeb15-60466.pdf

A list of GC Georgetown KY Inc.'s 20 largest unsecured creditors is
available for free at http://bankrupt.com/misc/kyeb15-50707.pdf


GENOA A QOL: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Genoa a QoL Healthcare Co. LLC.  The outlook is
stable.

At the same time, S&P assigned its 'B' issue-level rating and '3'
recovery rating to Genoa's first-lien credit facilities, which
consist of a $50 million revolver and a $265 million senior secured
first-lien term loan.  The '3' recovery rating indicates S&P's
expectation of meaningful (50% to 70%; at the higher end of the
range) recovery in the event of a payment default.  S&P assigned
its 'CCC+' issue-level rating and '6' recovery rating to Genoa's
$155 million second-lien term loan.  The '6' recovery rating
indicates S&P's expectation for negligible recovery (0% to 0%) to
lenders in the event of payment default.

"Our ratings on Genoa, similar to our assessment of QoL, reflect
our assessment of the company's very narrow business focus as a
provider of pharmacy services on-site at community mental health
centers and the company's high leverage," said Standard & Poor's
credit analyst Maryna Kandrukhin.  We assess the business risk
profile as "weak" and the financial risk profile as "highly
leveraged".

S&P expects pro forma funded leverage will be about 6.3x in 2015
and 6.0x in 2016; adjusted funds from operations (FFO) to total
debt will be about 6.5% for 2015 and 6.7% for 2016; and that the
company will generate moderate free cash flow in 2015 and 2016.
S&P believes sponsor ownership of the company is likely to result
in equity-friendly financial policies that will preclude the
company's from maintaining all-in leverage below 5x, over time.

S&P's stable rating outlook reflects its expectation that
double-digit revenue growth and relatively stable EBITDA margins
will support the generation of moderate free operating cash flow.

S&P could lower our rating if competitive dynamics changed or
reimbursement pressures limited the company's ability to generate
meaningful free cash flow.  This could occur if EBITDA margins
narrowed by at least 300 basis points.  Under this scenario, S&P
might revise its business risk assessment to "vulnerable" and lower
the rating.

S&P could consider a higher rating if Genoa demonstrated a
commitment to sustaining leverage below 5x and if the company's FFO
to total debt rose to the midteens.  While S&P's base-case analysis
shows that this could occur in several years, based on potential
EBITDA growth, it would also need to be confident that the
company's financial sponsors would be committed maintaining
leverage below 5x before it considered an upgrade.



GT ADVANCED: ASF Furnaces Deal Has Objection from Citigroup
-----------------------------------------------------------
Citigroup Financial Products Inc., filed objections to GT Advanced
Technologies Inc. and its affiliates' entry into an intercompany
agreement in connection with the sale of their Hong Kong unit of
advanced sapphire furnaces to a Chinese customer.  Citi is a
creditor of several debtor entities, including GT Hong Kong.

Citi's counsel, Lisa Snow Wade, Esq., at Orr & Reno, P.A., notes
that the Motion to approve the Intercompany Agreement seeks relief
under Section 363(b) of the Bankruptcy Code based on the Debtors'
business judgment, on shortened notice, that shifts an economic
obligation from GTAT Corp. to GT Hong Kong without adequate
consideration, to the detriment of GT Hong Kong's estate and
creditors.  Citi objects to the Motion on the grounds that the
record regarding the Intercompany Agreement does not reflect the
exercise of reasonable business judgment, the applicable standard
to evaluate transactions under section 363(b) of the Bankruptcy
Code.

According to Ms. Wade, the Intercompany Agreement has several flaws
that demonstrate it falls outside of the Debtors' reasonable
business judgment:

    * the transactions contemplated by the Intercompany Agreement
may result in a postpetition fraudulent conveyance. GT Hong Kong
has not received, and the Intercompany Agreement does not provide
for, adequate consideration to GT Hong Kong for its obligations
under the Intercompany Agreement.

    * the Intercompany Agreement contravenes the Apple Settlement
Agreement which requires GTAT Corp. or GT SPE to pay the Apple
Repayment Amount and expressly excludes GT Hong Kong from any
liability for the Apple Repayment Amount.  The Court approved the
Apple Settlement Agreement more than four months ago after having
been satisfied by the evidence presented that the Apple Settlement
Agreement included appropriate mechanics to compensate GT Parties
that paid the Apple Repayment Amount.

    * the First Amendment and the Intercompany Agreement are
severable.  The Debtors are attempting to force the Court to issue
a decision in an expedited timeframe on the Intercompany Agreement
under the guise that it is necessary to effectuate the First
Amendment and close of the sale of the ASF Furnaces to the
Customer.  However, nothing in the First Amendment or the related
transaction requires GTAT Corp. and GT Hong Kong to enter into the
Intercompany Agreement.  If approved, it will not result in a
"holistic" solution as the Debtors purport, but instead will
prejudice GT Hong Kong and its creditors.  Although the Debtors
make bare assertions that the Intercompany Agreement should be
approved because it reduces "interestate conflicts," the Debtors
fail to explain that such resolution comes at the sole expense of
GT Hong Kong and its creditors. Indeed, this proposed arrangement,
and the lack of consideration of the negative effects on GT Hong
Kong, magnifies the existence of serious inter-Debtor issues.

    * the Motion and proposed Intercompany Agreement highlight that
the Debtors are not independently considering or safeguarding GT
Hong Kong's interests and that the Debtors' current governance
structure is inadequate to protect the interests of GT Hong Kong
and its creditors.  The language of the Motion speaks for itself.
From the unfavorable terms of the First Amendment to threats made
to terminate the License Agreement unless GT Hong Kong capitulates,
it is clear that the Debtors are acting in a manner that favors
GTAT Corp. and other Debtors to the detriment of GT Hong Kong.
These actions cannot, under any circumstance, amount to a
reasonable exercise of business judgment to justify the relief
sought in the Motion.

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

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

Citigroup's attorneys can be reached at:

         Lisa Snow Wade, Esq.
         ORR & RENO, P.A.
         45 South Main Street, P.O. Box 3550
         Concord, NH 03302-3550
         Telephone: (603) 224-2381
         Facsimile: (603) 223-9050

               - and -

         Raniero D'Aversa, Jr., Esq.
         Laura D. Metzger, Esq.
         ORRICK, HERRINGTON & SUTCLIFFE LLP
         51 West 52nd Street
         New York, NY 10019
         Telephone: (212) 506-5000
         Facsimile: (212) 506-5151

                The Amendment, Intercompany Motion

As reported in the April 13, 2015 edition of the TCR, GTAT and its
affiliates are asking approval of an amendment to a purchase
agreement between GT Advanced Technologies Limited ("GT Hong Kong")
and a Chinese purchaser of advanced sapphire furnaces.

According to the Motion, pursuant to a First Amendment to the 2015
ASK Purchase Order, the parties will net and set off certain
obligations under their Seed Agreement, namely:

   * Customer's claims against GTAT Corp. and GT Hong Kong for
outstanding purchase commitments under the Seed Agreement for the
purchase of sapphire seeds;

   * GTAT Corp.'s claim against Customer for the application of an
unapplied deposit under the Seed Agreement; and

   * GT Hong Kong's receivable from Customer on account of the
outstanding balance of the purchase price for certain ASF Furnaces
that Customer purchased from GT Hong Kong under a prepetition
purchase order.

The resolution of these obligations is a necessary condition to
Customer agreeing to perform under a purchase order for the
purchase of ASF Furnaces from GT Hong Kong for an aggregate
purchase price of more than $45 million.

In addition, the GT Parties seek authorization from the Court to
enter into an intercompany agreement, pursuant to which GT Hong
Kong agrees to compensate other GT Parties for the benefits GT Hong
Kong received under the settlement with Apple and for GTAT Corp.'s
forbearance from terminating its exclusive license agreement with
GT Hong Kong (which could lead to GT Hong Kong not being able to
sell its ASF Furnaces for more than scrap value because the use of
GTAT Corp.'s intellectual property is necessary to operate the ASF
Furnaces).  Specifically, the Apple settlement lifted the
restrictions on the sale of ASF Furnaces (which restrictions also
applied to GT Hong Kong).  The Intercompany Agreement requires GT
Hong Kong to compensate any GT Party that pays the Apple Repayment
Amount on account of the sale of GH Hong Kong's ASF Furnaces by
requiring GT Hong Kong to pay, at a minimum and at this time while
the parties consider further required adjustments, an equivalent
amount to such GT Party.  Thus, the Intercompany Agreement
implements the Apple Settlement Agreement as it affects the
intercompany right and obligations among the Chapter 11 estates.

                  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.


GT ADVANCED: Protocol to Solicit DIP Loan Participation Approved
----------------------------------------------------------------
GT Advanced Technologies Inc. and its affiliated debtors obtained
entry of an order from Judge Henry J. Boroff approving the
procedures for the solicitation of holders of GT's 3.00% Senior
Convertible Notes due 2017 and 3.00% Senior Convertible Notes due
2020 to participate in the proposed DIP financing.  A copy of the
order is available for free at:

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

As reported in the April 3 edition of the TCR, GTAT has commenced a
process to solicit participation in a proposed debtor-in-possession
term loan facility by eligible holders of the Company's previously
issued convertible notes.  The solicitation process is being
conducted in connection with a commitment letter, dated March 17,
between the Company and certain holders of the Convertible Notes.

The Company anticipates that the DIP Loan Facility will provide for
loans in an initial aggregate principal amount of $95.0 million,
and will provide for, or permit, a letter of credit facility
providing for the issuance of letters of credit with the aggregate
face amounts outstanding not to exceed $15.0 million.

                  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.


HALCON RESOURCES: S&P Lowers CCR to 'CCC+', Outlook Negative
------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Halcon Resources Corp. to 'CCC+' from 'B'.  The outlook
is negative.  S&P also lowered the issue-level rating on the
company's senior unsecured notes to 'CCC-' from 'CCC+'.  The '6'
recovery rating on the senior unsecured notes is unchanged.

"The downgrade follows Halcon's announcement that it has entered
into an agreement with holders of a portion of its senior unsecured
notes to exchange the notes for common stock," said Standard &
Poor's credit analyst Ben Tsocanos.  "We do not view the
transaction as a distressed exchange because investors received
stock valued at more than what was promised on the original
securities," said Mr. Tsocanos.

S&P also notes that exchange reduces the company's approximately
$3.7 billion of debt by $116.5 million, marginally improving
leverage.  However, S&P believes that the deal indicates that
Halcon might enter into additional exchanges that S&P would view as
distressed in order to reduce its substantial debt burden.  The
negative outlook reflects the potential that S&P could lower
ratings on Halcon if the company enters into additional
transactions such that investors receive less than the promised
amount on the original securities.

S&P's assessment of Halcon's business risk as "weak," as defined in
S&P's criteria, reflects its view of the company's limited reserves
and production, aggressive growth strategy, and participation in
the volatile and capital-intensive oil and gas industry.  These
weaknesses are adequately offset at the rating level by an
oil-weighted reserve profile, an experienced management team, and
extensive acreage holdings in multiple onshore liquids-rich U.S.
basins. Standard & Poor's characterizes Halcon's financial risk as
"highly leveraged."  S&P views Halcon's liquidity as "adequate"
based on S&P's expectation that sources of liquidity will cover
uses by at least 1.2x for the next 12 to 18 months.

The negative outlook reflects S&P's assessment Halcon may pursue
capital restructuring over the next 12 months that could result in
lower ratings on the company and its debt.

We could lower ratings if Halcon enters into debt exchange
transactions such that investors received less than what was
promised on the original securities.

S&P would consider revising the outlook to stable if Halcon is able
to reduce financial leverage to below 5x debt to EBITDA and above
12% FFO to debt while maintaining adequate liquidity.



HARVEST NATURAL: BDO USA Expresses Going Concern Doubt
------------------------------------------------------
Harvest Natural Resources, Inc., filed with the U.S. Securities and
Exchange Commission on March 27, 2015, 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
not generated revenue and has incurred recurring losses, including
significant impairments of its investment in affiliate and unproved
oil and gas properties in 2014, and negative cash flows from
operations.  

The Company reported a net loss of $359 million for the year ended
Dec. 31, 2014, compared to a net loss of $77.5 million in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $228 million
in total assets, $35.2 million in total liabilities, and total
stockholders' equity of $193 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/M9jZ0i
                          
Harvest Natural Resources, Inc. (NYSE: HNR), is engaged in the
acquisition, development, production and disposition of oil and
natural gas properties.  The Company is headquartered in Houston.


HIGH RIDGE MANAGEMENT: Section 341(a) Meeting Set for May 7
-----------------------------------------------------------
A meeting of creditors in the bankruptcy case of High Ridge
Management Corp. will be held on May 7, 2015, at 10:00 a.m. at 51
SW First Ave Room 1021, Miami.  Deadline to file proofs of claim is
Aug. 5, 2015.

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

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

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.  Judge John K Olson presides over the jointly
administered cases.

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.

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


HIPCRICKET INC: Amended Key Employee Incentive Plan Gets Final OK
-----------------------------------------------------------------
The Bankruptcy Court approved, on a final basis, Hipcricket, Inc.'s
amended key employee incentive plan.

The Court on March 18, approved, on an interim basis, an amended
compensation plan that incentivizes certain key employees to met
the milestone required by ESW Capital, LLC, the Debtor's joint plan
proponent and successful bidder.

The Debtor related that eligible employees are employed at below
market rates with equity awards that are now worthless.  The
amended incentive Plan provides the eligible employees with
meaningful but reasonable, monetary incentives that are tied to the
milestones set forth in ESW Capital successful bid.

The original KEI order contemplated a payment of $400,000 in the
aggregate to eligible employees.  The Debtor believes that the best
efforts of the eligible employees are necessary to successfully and
expeditiously confirm the Plan by June 3, 2015. If the Plan is
confirmed, with the support of the Committee by June 3, 2015, the
eligible employees will receive an aggregate payment of $400,000.

                       About Hipcricket Inc.

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 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.  Hipcricket Inc., in its
schedules disclosed $4,388,940 in assets and $10,304,588 in
liabilities.

The U.S. Trustee for Region 3 appointed five creditors to serve on
an official committee of unsecured creditors.  The Committee
retained Cooley LLP as lead counsel, Pepper Hamilton LLP as
Delaware counsel, and Getzler Henrich & Associates, LLC, as
financial advisor.


IBCS MINING: Obtains $50K DIP Financing from CRO for IBCS KY
------------------------------------------------------------
IBCS Mining, Inc., has obtained approval for the second motion
authorizing IBCS Mining, Inc., Kentucky Division (IBCS KY) to
obtain limited post-Petition Date financing up to an aggregate
principal amount not to exceed $50,000 from David Stetson, as Chief
Restructuring Officer, to fund only, if necessary, the operational
and working capital needs of IBCS KY.

On Dec. 17, 2014, the Bankruptcy Court entered an order approving
the sale of a substantial portion of the assets of IBCS KY. Through
the sale order, the Debtors sold a substantial portion of the
assets of IBCS KY for $1.35 million.

The majority of the sale proceeds were used to pay off the DIP
financing approved in the CTB Final DIP order.  The majority of the
sale proceeds were used to pay off the DIP financing approved in
the CTB Final DIP Order.  The sale closed on Dec. 19, 2014.  The
debtor-on-possession financing approved in the CTB Final DIP Order
has been paid in full.  The Debtors are now operating using cash
collateral.  However, cash flow and the remaining sale proceeds may
be insufficient to fund certain unanticipated expenses until a plan
can be proposed and confirmed.

The Debtors believe that IBCS KY will be able to generate
sufficient cash flow to meet its immediate needs.  However, IBCS KY
may not have the necessary funds to provide for any unknown and
unexpected expenses that may arise until a plan can be confirmed.
The CRO has agreed to lend to the Debtors a second "limited
advance" in the maximum amount of $50,000 to pay for unknown and
unanticipated expenses, in exchange for a superpriority
administrative claim and priming lien on the Pond Creek seam and
proceeds thereof for any amounts actually extended to the Debtors
which claim is to be paid through the proceeds of the Pond Creak
seam, on the following terms:

     A. Interest Rate: 8%

     B. Maturity Date: Matures upon confirmation of a plan of
        reorganization for IBCS KY

     C. Events of Default: None

     D. Liens Priming: lien on Pond Creek seam and proceeds

     E. Borrowing Limits: $50,000

     F. Borrowing Conditions: Prior to any advances, the CRO will
consult with counsel for BB&T and the U.S. Trustee

The Debtors have exercised sound business judgment in determining
that the Limited Advance is appropriate.  In the event that IBCS KY
lacks the sufficient cash to meet unexpected operational needs, the
Limited Advance will allow IBCS KY to pay its immediate obligations
and continue business operations.  Without the Limited Advance,
IBCS KY may be forced into an untenable position where it is unable
to continue business operations for the benefit of its creditors
due to insufficient cash flow.  The Debtors’ decision is
therefore sound and reasonable under the circumstances.  The terms
of the Limited Advance are also fair and reasonable in light of
current market conditions.  Similar terms in a prior limited
advance from the CRO were previously approved by this Court.  The
Debtors agree to consult with counsel for BB&T and the U.S. Trustee
before any advances are made.

                        About IBCS Mining

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

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

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



INTERNATIONAL FOREIGN: Liquidating Plan Declared Effective
----------------------------------------------------------
International Foreign Exchange Concepts Holdings, Inc., et al.,
notified the Bankruptcy Court that the Effective Date of the First
Amended Liquidating Plan occurred on March 6, 2015.

As reported in the TCR on Feb. 26, 2015, Bill Rochelle and Sherri
Toub, bankruptcy columnists for Bloomberg News, reported that he
Debtors were on the cusp of wrapping up a 16-month excursion
through bankruptcy following the court's approval of a Chapter 11
plan.  According to the report, the plan, approved in a Feb. 3
confirmation order, resulted from discussions with lender AMF-FXC
Finance LLC.  AMF has claims totaling about $34 million.

As a result of substantial negotiations with AMF, the Plan
contemplates that all creditors other than AMF who hold allowed
general unsecured claims will be paid on, or as soon as reasonably
practicable after, the Effective Date of the Plan (i) in the IFEC
LP bankruptcy case, cash in an amount equal to 50% of such claims,
and (ii) in the IFEC Holdings bankruptcy case, cash in an amount
equal to 10% of such claims.  The Plan contemplates that FXC
creditors will be paid in full in cash.  AMF will receive the
remaining net proceeds of the IFEC Holdings and IFEC LP Assets,
which are currently estimated to be cash in an amount equal to 9%
to 17% of AMF's claims as of the Effective Date, plus rights to
receive certain payments in the future, if any.

The Debtors are represented by:

         Henry P. Baer, Jr., Esq.
         Tony Miodonka, Esq.
         FINN DIXON & HERLING LLP    
         177 Broad Street
         Stamford, CT 06901
         Tel: (203) 325-5000
         Fax: (203) 325-5001

             About International Foreign Exchange

International Foreign Exchange Concepts Holdings, Inc., and
International Foreign Exchange Concepts, L.P., sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y. Case No.
13-13380) on Oct. 17, 2013.

Judge Robert Gerber oversees the case.  Counsel to the Debtors is
Henry P. Baer, Jr., Esq., at Finn Dixon & Herling LLP, in
Stamford, Connecticut.  The Debtors' restructuring advisors is CDG
Group.  DiConza Traurig LLP serves as conflicts counsel.  The
Debtors' special counsel is Withers Bergman LLP.  The Debtors'
notice, claims, solicitation and balloting agent is Logan &
Company, Inc.

Counsel to AMF-FXC Finance LLC, the DIP lender, is Michael L.
Cook, Esq., and Christopher Harrison, Esq., at Schulte Roth &
Zabel LLP, in New York.

International Foreign Exchange Concepts Holdings Inc., the parent
of investment adviser FX Concepts LLC, sold assets for
$7.48 million to Ruby Commodities Inc., at an auction held
Nov. 25, 2013.  The sale was an old-fashioned auction with the
assets first offered in six lots and then in bulk.  The piecemeal
auction fetched combined bids of $3.38 million.  When the assets
were offered in bulk, Ruby came out on top with an offer of $7.48
million.


KARMALOOP INC: Aims to Start Sale Process with $13-Mil. Bid
-----------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Karmaloop Inc. filed a motion seeking court
permission to start a sale process to conclude in May with existing
lenders serving as lead bidder with a $13 million credit debt in
lieu of cash.

According to the report, the company requested a May 13
competing-bid deadline followed by a May 19 auction and a May 20
sale-approval hearing.  Karmaloop asked the bankruptcy court to
consider approval of sale procedures at an April 15 hearing, the
report related.

                       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.

The U.S. Trustee for Region 3 appointed five creditors of
Karmaloop
Inc. to serve on the official committee of unsecured creditors.


KIOR INC: Miss. Agency Slams Bid to Boost DIP by $14-Mil.
---------------------------------------------------------
Law360 reported that the Mississippi Development Authority blasted
Kior Inc.'s move to take on an additional $14 million in
debtor-in-possession financing, saying the bankrupt biofuel
developer will realize few benefits from a new loan it can't even
afford to repay.

According to the report, KiOR's proposed $14 million DIP amendment,
which nearly doubles the size of the post-petition package provided
by senior lenders, should be rejected because it burdens the
company with more high-priority claims but does not help the
overall estate, the MDA said.

                            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.

                           *     *     *

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 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.


LABRADOR IRON: Begins Restructuring as Ore Prices Fall
------------------------------------------------------
Law360 reported that Labrador Iron Mines Holdings Ltd. said it is
entering restructuring proceedings under Canada’s Companies'
Creditors Arrangement Act, blaming the falling price of iron ore
and previously high operating costs.  According to the report,
Toronto-based LIM said the company has had a very significant
working capital deficit since December 31, and has missed some
financial obligations.


LEHMAN BROTHERS: Barclays Tells High Court Appeal Is Not Important
------------------------------------------------------------------
Bill Rochelle, a bankruptcy columnist with Bloomberg News, reported
that the trustee for Lehman Brothers Inc., the liquidating
brokerage, wants the U.S. Supreme Court to allow an appeal on a
question that is "not important," Barclays Plc argued.

According to Mr. Rochelle, the Supreme Court represents the last
hope for the Lehman brokerage trustee James Giddens to resurrect a
lawsuit and recover $4 billion in cash margin that Barclays got
when it bought the North American brokerage business at the outset
of bankruptcy in 2008.

In papers filed with the Supreme Court, Barclays said the case
isn't proper for Supreme Court review as the justices as a practice
don't review cases involving disputes under state law.

The appeal in the Supreme Court is Giddens v. Barclays Capital
Inc., 14-710, U.S. Supreme Court.

                     About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the

fourth largest investment bank in the United States.  For more
than
150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
disclosed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S.
history.  Several other affiliates followed thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC
sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as
counsel to the Official Committee of Unsecured Creditors.
Houlihan
Lokey Howard & Zukin Capital, Inc., is the Committee's investment
banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant to
the provisions of the Securities Investor Protection Act (Case No.
08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee
for the SIPA liquidation of the business of LBI.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

As of Oct. 2, 2014, Lehman's total distributions to unsecured
creditors have amounted to $92.0 billion.  As of Sept. 30, 2014,
the brokerage trustee has substantially completed customer claims
distributions, distributing more than $106 billion to 111,000
customers.


LEHMAN BROTHERS: Settles Dispute Over $40-Mil. Swap Fund
--------------------------------------------------------
Law360 reported that Lehman Brothers Special Financing Inc. has
reached a settlement over money remaining from a $41 million
account connected to a swaps deal that U.S. Bank NA is the trustee
of, it told a New York bankruptcy judge.

According to the report, in 2011, the trust put $40.5 million into
an account to be used under certain circumstances.  In the event of
a default by LBSF, the certificate holders were supposed to get
payback priority, they said, under a 'priority flip,' the report
related.

                     About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the

fourth largest investment bank in the United States.  For more
than
150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
disclosed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S.
history.  Several other affiliates followed thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC
sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as
counsel to the Official Committee of Unsecured Creditors.
Houlihan
Lokey Howard & Zukin Capital, Inc., is the Committee's investment
banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant to
the provisions of the Securities Investor Protection Act (Case No.
08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee
for the SIPA liquidation of the business of LBI.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

As of Oct. 2, 2014, Lehman's total distributions to unsecured
creditors have amounted to $92.0 billion.  As of Sept. 30, 2014,
the brokerage trustee has substantially completed customer claims
distributions, distributing more than $106 billion to 111,000
customers.


LEHR CONSTRUCTION: Ex-Worker Beats Trustee's $1.2M Claim
--------------------------------------------------------
Law360 reported that U.S. Bankruptcy Judge Sean H. Lane in New York
tossed the $1.2 million lawsuit filed by the bankruptcy trustee of
Lehr Construction Corp. against a former Lehr employee who
allegedly participated in a scheme to overbill customers, saying
the company was equally liable.

According to the report, Judge Lane dismissed the claims of
Jonathan Flaxer, a trustee for Lehr, against Peter Gifford, a
former purchasing agent for the company, because Gifford was
following the direction of superiors as an alleged bit player in a
fraud scheme.

                      About Lehr Construction

New York-based Lehr Construction Corp. was founded in 1979.  It
specializes in interior construction and serves clients mainly
throughout the New York metropolitan area.  It serves as
construction manager and general contractor for its clients

Lehr filed for Chapter 11 bankruptcy protection (Bankr. S.D.N.Y.
Case No. 11-10723) on Feb. 21, 2011.  James A. Beldner, Esq., at
Cooley LLP, serves as the Debtor's bankruptcy counsel.  The Debtor
estimated its assets and debts at $10 million to $50 million.
Rust Consulting/Omni Claims Agent serves as claims and noticing
agent.

Jonathan Flaxer is the Chapter 11 Trustee for Lehr Construction.
He is represented by Douglas L. Furth, Esq., at Goldenbock Eiseman
Assor Bell & Peskoe LLP, in New York.  Wolf Haldenstein Adler
Freeman & Hertz serves as conflicts counsel to the trustee.
Marotta Gund Budd & Dzera, LLC, serves as trustee's financial
advisor.

Tracy Hope Davis, the U.S. Trustee for Region 2, appointed five
creditors to serve on the Official Committee of Unsecured
Creditors in the Debtor's case.  Fred Stevens at Klestadt &
Winters, LLP represents the Committee.


LIGHTSQUARED INC: Reaches Deal with Ergen on Protection Demand
--------------------------------------------------------------
Law360 reported that lawyers representing Dish Network Corp.
Chairman Charlie Ergen reached an agreement with LightSquared Inc.
to postpone his demand for $6.3 million in monthly payments as
protection against a downturn in the wireless venture's prospects.

According to the report, what began as a contested hearing on
LightSquared's continued use of the cash securing mr. Ergen's loans
ended with a compromise that deferred the dispute until a December
15 deadline for LightSquared to execute a court-approved
restructuring plan.  The report related that Mr. Ergen's attorneys
at Willkie Farr & Gallagher LLP had requested that LightSquared
continue its current arrangement to pay him and other secured
creditors for the right to meet ongoing funding obligations out of
its collateralized cash.

                     About LightSquared Inc.

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

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

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

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

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

                          *     *     *

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

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

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

U.S. Bankruptcy Judge Shelley C. Chapman in New York, in late
March, approved LightSquared Inc.'s Chapter 11 reorganization plan,
capping a bankruptcy odyssey for Philip Falcone's ambitious
wireless venture that filed for bankruptcy nearly three years ago.


LIGHTSQUARED INC: Renews Bid for Mobile Licenses
------------------------------------------------
Todd Shields, writing for Bloomberg News, reported that
LightSquared Inc., which obtained confirmation of its Chapter 11
plan of reorganization in March, has asked U.S. regulators to clear
the way for its renewed quest to set up a mobile broadband service
covering the U.S.

According to the report, a subsidiary of Lightsquared said in a
filing with the Federal Communications Commission that regulators
should transfer airwaves licenses to the entity to be known as New
LightSquared.  The new company will have $1.25 billion in operating
funds to help "make full use of its spectrum to provide existing
and innovative services," the Bloomberg report said, citing the FCC
filing.

                     About LightSquared Inc.

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

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

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

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

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

                          *     *     *

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

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

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

U.S. Bankruptcy Judge Shelley C. Chapman in New York, in late
March, approved LightSquared Inc.'s Chapter 11 reorganization plan,
capping a bankruptcy odyssey for Philip Falcone's ambitious
wireless venture that filed for bankruptcy nearly three years ago.


LITTLEFORD DAY: Meeting to Form Creditors' Panel Set for April 14
-----------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on April 14, 2015, at 10:00 a.m. in the
bankruptcy case of Littleford Day, Inc.

The meeting will be held at:

         J. Caleb Boggs Federal Building
         844 N. King Street
         5th Floor; Room 5209
         Wilmington, DE 19801

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.

As reported in the Troubled Company Reporter on April 10, 2015,
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.



MARQUETTE TRANSPORTATION: S&P Withdraws 'B' Corp. Credit Rating
---------------------------------------------------------------
Standard & Poor's Ratings Services said that it has withdrawn its
ratings on Marquette Transportation Co. Holdings LLC, including '
'B' corporate credit rating, at the company's request.

"We are withdrawing our ratings on Marquette at the company's
request following its recapitalization on March 31, 2015," said
Standard & Poor's credit analyst Michael Durand.  The company first
gave notice that it would be paying off its $250 million
second-lien notes in full, with the premium from the debt agreement
and accrued interest through April 23, 2015, on March 24, 2015.  On
March 31, 2015, all of the funds were placed in escrow with the
trustee for distribution to the bondholders.



MDI CREATIVE: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: MDI Creative, Inc.
        4344 Shackleford Rd
        Norcross, GA 30093

Case No.: 15-56723

Chapter 11 Petition Date: April 10, 2015

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: George M. Geeslin, Esq.
                  GEORGE M. GEESLIN
                  Eight Piedmont Center, Suite 550
                  3525 Piedmont Road, N.E.
                  Atlanta, GA 30305-1565
                  Tel: (404) 841-3464
                  Fax: (404) 816-1108
                  Email: George@gmgeeslinlaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Pat Malone, CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ganb15-56723.pdf


MINERAL PARK: Court Approves Keller Williams as Real Estate Agent
-----------------------------------------------------------------
The Hon. Kevin J. Carey of the U.S. Bankruptcy Court for the
District of Delaware authorized Mineral Park Inc. and its
debtor-affiliates to employ Keller Williams Arizona Living Realty
as Real Estate Broker nunc pro tunc Feb. 6, 2015.

The firm will advertise and market the property, make the property
available for viewing by potential buyers, and otherwise negotiate
and facilitate the sale of the property.

The Debtors agreed to pay a 6% commission of the full purchase
price of the property.

Katherine Dunton, real estate agent with Keller Williams Arizona
Living Realty, assured the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

Ms. Williams can be reached at:

    Keller Williams Arizona Living Realty
    2501 N. Stockton Hill Rd. #108
    Kingman, AZ 86401
    Tel: 9282797728
    Email: kathycutshaw@gmail.com

                        About Mineral Park

Mineral Park, Inc., Bluefish Energy Corp. and two affiliates
commenced proceedings under Chapter 11 of the Bankruptcy Code in
Delaware on Aug. 25, 2014.  The cases are pending before the
Honorable Kevin J. Carey and are jointly administered under Case
No. 14-11996.

Mineral Park and its affiliated debtors are subsidiaries of
Mercator Minerals Ltd. ("MML"), a mineral resource company engaged
through various subsidiaries in the mining, exploration,
development and operation of its mineral properties in Mohave
County, Arizona, and Sonora, Mexico.

Mineral Park's principal asset is the Mineral Park Mine, a
producing copper-molybdenum mine located near Kingman, Arizona.
Bluefish is the owner and operator of the industrial gas turbine
power generator at the Mine.

British Columbia, Canada-based MML, which has shares trading on the
Toronto Stock Exchange under the trading symbol "ML", is not
included in the bankruptcy filing.

The Debtors have tapped Pachulski Stang Ziehl & Jones LLP as
counsel, Evercore Group LLC as investment banker, FTI Consulting,
Inc., as financial advisor, FTI's David J. Beckman as CRO, and
FTI's Paul Hansen as assistant CRO.  Prime Clerk LLC is the claims
and noticing agent.

The U.S. Trustee for Region 3 appointed three creditors of Mineral
Park, Inc. and its affiliates to serve on the official committee of
unsecured creditors.  The Committee selected Stinson Leonard Street
LLP and Hiller & Arban LLC as its counsel.

Mineral Park reported $286 million in total assets and $266 million
in total liabilities.


MONTREAL MAINE: Trustee Files C$275 Million Payout Plan
-------------------------------------------------------
Robert J. Keach, the trustee for Montreal Maine & Atlantic Railway
Ltd., filed a Chapter 11 plan that will distribute C$275 million
(US$220 million) to several classes of creditors, including
families of the 48 people who died during the 2013 trail derailment
accident, various news sources reported.

Sara Randazzo, writing for The Wall Street Journal, reported that
government agencies, including the Province of Quebec, city of
Lac-Megantic and the Canadian government, are in line for the
largest share of the funds, an estimated C$123 million.  Families
of those who died have been allocated C$77 million, personal-injury
claims are in line for C$34 million, and those with property-damage
claims should receive C$28 million, the Journal said.

The 48 victims -- including the 47 who died because of the crash
and a first responder who committed suicide -- are allocated
between C$711,000 and C$3.69 million, the Journal said.

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Mr. Keach said the plan was the product of
negotiations to create a "balance between the outcomes under
Canadian and U.S. law."  The settlement avoids having courts in two
countries make possibly differing conclusions about which nation's
law governs death claims, the Bloomberg report noted.

                       About Montreal Maine

Montreal, Maine & Atlantic Railway Ltd., the railway company that
operated the train that derailed and exploded in July 2013,
killing
47 people and destroying part of Lac-Megantic, Quebec, sought
bankruptcy protection in U.S. Bankruptcy Court in Bangor, Maine
(Case No. 13-10670) on Aug. 7, 2013, with the aim of selling its
business.  Its Canadian counterpart, Montreal, Maine & Atlantic
Canada Co., meanwhile, filed for protection from creditors in
Superior Court of Quebec in Montreal.

Robert J. Keach, Esq., at Bernstein, Shur, Sawyer, and Nelson,
P.A., has been named as chapter 11 trustee.  His firm serves as
his
chapter 11 bankruptcy counsel, led by Michael A. Fagone, Esq., and
D. Sam Anderson, Esq.  Development Specialists, Inc., serves as
the
Chapter 11 trustee's financial advisor.  Gordian Group, LLC,
serves
as the Chapter 11 Trustee's investment banker.

U.S. Bankruptcy Judge Louis H. Kornreich has been assigned to the
U.S. case.  The Maine law firm of Verrill Dana served as counsel
to
MM&A.  It now serves as counsel to the Chapter 11 Trustee.

Justice Martin Castonguay oversees the case in Canada.

The Canadian Transportation Agency suspended the carrier's
operating certificate after the accident, due to insufficient
liability coverage.

The town of Lac-Megantic, Quebec, has sought financial aid to
restore the gutted community and a civil complaint alleges a
failure to take steps to prevent a derailment.

In the Canadian case, Andrew Adessky at Richter Consulting has
been
appointed CCAA monitor.  The CCAA Monitor is represented by
Sylvain
Vauclair at Woods LLP.  MM&A Canada is represented by Patrice
Benoit, Esq., at Gowling LaFleur Henderson LLP.

The U.S. Trustee appointed a four-member official committee of
derailment victims.  The Official Committee is represented by
Richard P. Olson, Esq., at Perkins Olson; and Luc A. Despins,
Esq.,
at Paul Hastings LLP.

There's also an unofficial committee of wrongful death claimants
consisting of representatives of the estates of the 46 victims.
This group is represented by George W. Kurr, Jr., Esq., at Gross,
Minsky & Mogul, P.A.; Daniel C. Cohn, Esq., at Murtha Cullina LLP;
Peter J. Flowers, Esq., at Meyers & Flowers, LLC; Jason C.
Webster,
Esq., at The Webster Law Firm; and Mitchell A. Toups, Esq., at
Weller, Green Toups & Terrell LLP.

After the U.S. Trustee formed the Official Committee, the ad hoc
committee filed papers asking the U.S. Court to have the official
committee disbanded.  The ad hoc group said it represents 46
victims of the disaster.

On Jan. 23, 2014, the Debtors won authorization to sell
substantially all of their assets to Railroad Acquisition Holdings
LLC, an affiliate of New York-based Fortress Investment Group, for
$15.7 million.  The Bankruptcy Courts in the U.S. and Canada
approved the sale.  The Fortress unit is represented by Terence M.
Hynes, Esq., and Jeffrey C. Steen, Esq., at Sidley Austin LLP.

On Jan. 29, 2014, an ad hoc group of wrongful-death claimants
submitted a plan, which would give 75% of the $25 million in
available insurance to the families of those who died after an
unattended train derailed in Lac-Megantic, Quebec, in July.  The
other 25% would be earmarked for claimants seeking compensation
for
property that was damaged when much of the town burned.  Former
U.S. Senator George Mitchell, a Democrat who represented Maine in
the U.S. Senate from 1980 to 1995 and who is now chairman emeritus
of law firm DLA Piper LLP, would administer the plan and lead the
effort to wrap up MM&A's Chapter 11 bankruptcy.

As reported by the Troubled Company Reporter on April 3, 2014,
Judge Kornreich ruled that the unofficial committee of wrongful
death claimants and its counsel have failed to comply with Rule
2019 of the Federal Rules of Bankruptcy Procedure, and as a result
of that failure, the Unofficial Committee and its counsel will not
be heard on any pending matter in the case.

As reported by the TCR on April 11, 2014, Judge Kornreich rejected
the disclosure statement for the Plan filed by the ad hoc group of
wrongful-death claimants, holding that the Plan is flawed and
unconfirmable.

As reported by the TCR in January 2015, the Debtor and other
defendants have agreed to pay $200 million to compensate victims,
including 48 people who died.  The settlement was announced on
Jan.
9, 2015.  Amanda Bronstad, writing for The National Law Journal,
reported that the settlement amount could grow to as much as $500
million if additional defendants come on board.


MOSS FAMILY: Affiliate Approved to Sell 404 Beachwalk Lane Asset
----------------------------------------------------------------
The U.S. Bankruptcy Court authorized Debtor Beachwalk, L.P., to
employ Beachwalk Realty, L.L.C as broker to sell certain property
-- 404 Beachwalk Lane, Michigan, Indiana (Lot 110B).  The broker is
the affiliate of the Debtors, however, the Debtor assured the Court
that the broker represents or holds no interests which are adverse
to the estate.

                       About Moss Family

Moss Family Limited Partnership and Beachwalk, L.P., filed Chapter
11 petitions (Bankr. N.D. Ind. Case Nos. 12-32540 and 12-32541) on
July 17, 2012.  Judge Harry C. Dees, Jr., presides over the case.
Daniel Freeland, Esq., at Daniel L. Freeland & Associates, P.C.,
represents the Debtors.  Moss Family disclosed $6,609,576 in
assets
and $6,299,851 in liabilities as of the Chapter 11 filing.

The Debtors' Amended Joint Chapter 11 Plan dated Dec. 3, 2013,
provides that unsecured claims will be fully paid and satisfied by
use of the proceeds from the sale of LaPorte Judgment Lien
Property.


MOSS FAMILY: Affiliate Gets Approval To Sell Property for $115,000
------------------------------------------------------------------
An affiliate of Moss Family Limited Partnership received court
approval to sell a real estate through a private transaction.

U.S. Bankruptcy Judge Harry Dees Jr. authorized Beachwalk LP to
sell the property located at 404 Beachwalk Lane, in Michigan City,
Indiana, for $115,000.

Steven and Barbara Whitney will acquire the property "free and
clear" of liens, according to the bankruptcy judge's order.

LaPorte Savings Bank, which asserts a lien on the property, will be
paid from the proceeds of the sale.  The bank will receive the
remaining sale proceeds after payment of $6,900 to real estate
agent Beachwalk Realty LLC, and payment of expenses incurred in
connection with the sale.

                       About Moss Family

Moss Family Limited Partnership and Beachwalk, L.P., filed Chapter
11 petitions (Bankr. N.D. Ind. Case Nos. 12-32540 and 12-32541) on
July 17, 2012.  Judge Harry C. Dees, Jr., presides over the case.
Daniel Freeland, Esq., at Daniel L. Freeland & Associates, P.C.,
represents the Debtors.  Moss Family disclosed $6,609,576 in assets
and $6,299,851 in liabilities as of the Chapter 11 filing.

The Debtors' Amended Joint Chapter 11 Plan dated Dec. 3, 2013,
provides that unsecured claims will be fully paid and satisfied by
use of the proceeds from the sale of LaPorte Judgment Lien
Property.


MOSS FAMILY: Beachwalk Realty Okayed to Sell 416 Beachwalk Lane
---------------------------------------------------------------
The U.S. Bankruptcy Court authorized Moss Family L.P. to employ
Beachwalk Realty, L.L.C., to sell the real estate commonly known as
416 Beachwalk Lane, Michigan City, Indiana (Lot 113C).  Thomas J.
Moss, broker at Beachwalk Realty. L.L.C., told the Court that the
firm is not a prepetition creditor of the Debtor's estate and holds
no interest adverse to the estate with respect to the matters upon
which it is to employed.

                       About Moss Family

Moss Family Limited Partnership and Beachwalk, L.P., filed Chapter
11 petitions (Bankr. N.D. Ind. Case Nos. 12-32540 and 12-32541) on
July 17, 2012.  Judge Harry C. Dees, Jr., presides over the case.
Daniel Freeland, Esq., at Daniel L. Freeland & Associates, P.C.,
represents the Debtors.  Moss Family disclosed $6,609,576 in
assets
and $6,299,851 in liabilities as of the Chapter 11 filing.

The Debtors' Amended Joint Chapter 11 Plan dated Dec. 3, 2013,
provides that unsecured claims will be fully paid and satisfied by
use of the proceeds from the sale of LaPorte Judgment Lien
Property.


MOSS FAMILY: Can Use Fifth Third's Cash Collateral Until May 15
---------------------------------------------------------------
The U.S. Bankruptcy Court approved an agreed order extending the
interim order authorizing Moss Family Limited Partnership and
Beachwalk, L.P., to use Fifth Third Bank's cash collateral.

By agreement of the Debtors and lender, the terms of the second
interim order are extended until May 15, 2015, at 11:59 p.m., with
the understanding that the lender has not yet approved the proposed
2014 budget presented by the Debtor or the Debtor's additional
proposed 2015 budget, but allowed the Debtors to operate under the
2013 budget, 2014 budget and 2015 budget, while the parties discuss
the matter.

A further hearing on the use of cash collateral will take place on
May 14, at 3:00 p.m.

                       About Moss Family

Moss Family Limited Partnership and Beachwalk, L.P., filed Chapter
11 petitions (Bankr. N.D. Ind. Case Nos. 12-32540 and 12-32541) on
July 17, 2012.  Judge Harry C. Dees, Jr., presides over the case.
Daniel Freeland, Esq., at Daniel L. Freeland & Associates, P.C.,
represents the Debtors.  Moss Family disclosed $6,609,576 in
assets
and $6,299,851 in liabilities as of the Chapter 11 filing.

The Debtors' Amended Joint Chapter 11 Plan dated Dec. 3, 2013,
provides that unsecured claims will be fully paid and satisfied by
use of the proceeds from the sale of LaPorte Judgment Lien
Property.


MOSS FAMILY: Gets Approval To Sell Beachwalk Property for $110,000
------------------------------------------------------------------
A federal judge has given Moss Family LP the green light to sell a
real estate through a private deal.

U.S. Bankruptcy Judge Harry Dees Jr. signed off on an order
allowing the company to sell the property to John and Sharon
Wilczynski for $110,000.

The property located at 416 Beachwalk Lane, in Michigan City,
Indiana, will be sold "free and clear of liens" according to court
filings.

Moss Family will use the proceeds from the sale to pay Fifth Third
Bank, which asserts a lien on the property.  The bank will receive
the remaining sale proceeds after payment of $6,600 to real estate
agent Beachwalk Realty LLC, and payment of expenses incurred in
connection with the sale.

                       About Moss Family

Moss Family Limited Partnership and Beachwalk, L.P., filed Chapter
11 petitions (Bankr. N.D. Ind. Case Nos. 12-32540 and 12-32541) on
July 17, 2012.  Judge Harry C. Dees, Jr., presides over the case.
Daniel Freeland, Esq., at Daniel L. Freeland & Associates, P.C.,
represents the Debtors.  Moss Family disclosed $6,609,576 in assets
and $6,299,851 in liabilities as of the Chapter 11 filing.

The Debtors' Amended Joint Chapter 11 Plan dated Dec. 3, 2013,
provides that unsecured claims will be fully paid and satisfied by
use of the proceeds from the sale of LaPorte Judgment Lien
Property.


MOSS FAMILY: Inks Agreement on Use of La Porte Cash Collateral
--------------------------------------------------------------
Moss Family Limited Partnership and Beachwalk Limited Partnership
ask the U.S. Bankruptcy Court to approve an agreed order
authorizing the use of cash collateral generated from La Porte
Savings Bank's collateral.  Pursuant to the agreement, in exchange
for the use, the Debtor will grant the bank adequate protection
payments.  The agreed order extend the terms of the interim order
which was entered by the Court on Oct. 11, 2012.

                       About Moss Family

Moss Family Limited Partnership and Beachwalk, L.P., filed Chapter
11 petitions (Bankr. N.D. Ind. Case Nos. 12-32540 and 12-32541) on
July 17, 2012.  Judge Harry C. Dees, Jr., presides over the case.
Daniel Freeland, Esq., at Daniel L. Freeland & Associates, P.C.,
represents the Debtors.  Moss Family disclosed $6,609,576 in
assets
and $6,299,851 in liabilities as of the Chapter 11 filing.

The Debtors' Amended Joint Chapter 11 Plan dated Dec. 3, 2013,
provides that unsecured claims will be fully paid and satisfied by
use of the proceeds from the sale of LaPorte Judgment Lien
Property.


NATROL INC: Ch. 11 Buyer Sues Ex-Owners Over "Sham" Contract
------------------------------------------------------------
Law360 reported that Natrol LLC, which was purchased by Aurobindo
Pharma USA Inc. in a bankruptcy auction, sued the nutritional
supplement maker's former owners over $25 million paid out in
connection with a "sham" contract, days after the bankruptcy estate
settled a false advertising class action over its tea brand's
weight-loss effects.

According to Law360, in the action filed in the Delaware bankruptcy
court, Natrol LLC, dubbed "New Natrol" in court papers, alleged a
scheme by former owners Plethico Pharmaceuticals Ltd. and several
affiliates involving phony email messages, among other things.

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, said the lawsuit casts doubt on the contemplated equity
distribution under Natrol's Chapter 11 plan of liquidation, which
is scheduled for a May 8 confirmation hearing.  The Plan is
designed to pay general unsecured creditors in full, with interest,
and is intended to result in a distribution to owner, Plethico
Pharmaceuticals.

                     About Natrol, Inc.

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

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

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

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

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

                            *     *     *

The Troubled Company Reporter, on Feb. 23, 2015, reported that
Leaf123, Inc., f/k/a Natrol Inc., and its debtor affiliates filed
A Chapter 11 plan of liquidation, pursuant to which tax refunds
and
credits, all shares of capital stock or other Equity Interests in
Natrol UK, all Avoidance Actions not otherwise purchased by the
Buyer under the Purchase Agreement, the proceeds from prepetition
litigation, the proceeds from the Sale Transaction, and certain
other assets are being pooled and distributed to persons or
entities holding allowed claims in accordance with the priorities
of the Bankruptcy Code.


NELLSON NUTRACEUTICAL: $50MM Add-On No Impact on Moody's B1 Rating
------------------------------------------------------------------
Moody's Investors Service commented that Nellson Nutraceutical,
LLC's term loan remains rated B1 following an announced $50 million
incremental increase to the term loan. All other ratings remain
unchanged and the outlook is stable. Proceeds are being used to
partially fund the purchase of assets from NBTY, Inc. Moody's views
the asset purchases and new long term supply agreements with NBTY
as a credit positive because Moody's expects it to reduce leverage,
increase utilization at the company's existing bar manufacturing
plants, and diversify operations by providing a second powder
plant.

Nellson Nutraceutical, headquartered in Irwindale, CA, provides
manufacturing capacity and technical expertise primarily to U.S.
consumers that sell nutritional bars and functional powders in the
U.S. and overseas. It focuses on bars and powders that serve the
energy/sports nutrition, diet/weight loss, body building and
fortified/medical food markets. Pro forma for the purchase of
assets and the entry into supply agreements with NBTY, revenue for
the twelve months ended September 30, 2014 was approximately $700
million.


NET MEDICAL: RBSM Expresses Going Concern Doubt
-----------------------------------------------
Net Medical Xpress Solutions, Inc., filed with the U.S. Securities
and Exchange Commission its annual report on Form 10-K for the year
ended Dec. 31, 2014.

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

The Company reported a net loss of $482,000 on $4.58 million of
revenues for the year ended Dec. 31, 2014, compared to a net income
of $30,000 on $4.81 million of revenues in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $1.24 million
in total assets, $927,000 in total liabilities and total
stockholders' equity of $312,000.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/DXJKIj
                          
Albuquerque, New Mexico-based Net Medical Xpress Solutions, Inc.,
develops and markets proprietary Internet technology-based
software.

The Company reported a net income of $12,000 on $1.23 million of
gross revenues for the three months ended Sept. 30, 2013, compared
to a net loss of $19,000 on $964,000 of gross revenues for the same
period last year.

The Company's balance sheet at Sept. 30, 2013, showed $1.47 million
in total assets, $885,000 in total liabilities, and stockholders'
equity of $582,000.


O&S TRUCKING: 8th Circ. Nixes Daimler Claim Row
-----------------------------------------------
Law360 reported that the Eighth Circuit tossed a bankrupt trucking
company's appeal of three orders that led to the approval of its
Chapter 11 plan, which included a $2.4 million claim to Mercedes
Benz Financial Services USA for lease payments for Daimler AG
trucks, saying it lacked jurisdiction of the bankruptcy orders.

The case is O&S Trucking, Inc. v. Mercedes Benz Financial Serv.,
Case No. 14-6026 (8th Circ.).

O&S Trucking, which provides brokerage and intermodal services
located in Springfield, Missouri, filed for Chapter 11 bankruptcy
protection on May 30, 2012 (Bankr. W.D. Mo., Case No. 12-61003).
The case was assigned to Judge Arthur B. Federman.  The Debtor's
counsel was Jonathan A. Margolies, Esq., at MCDOWELL RICE SMITH &
BUCHANAN, PC, in Kansas City, Missouri.


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

KMJ Corbin & Company LLP expressed substantial doubt about the
Company's ability to continue as a going concern, citing that the
Company has had recurring losses from operations, has negative
operating cash flows during the year ended Dec. 31, 2014 and has an
accumulated deficit of $53.75 million as of Dec. 31, 2014.

The Company reported a net loss of $1.67 million on $797,000 of
revenues for the year ended Dec. 31, 2014, compared to a net loss
of $1.13 million on $4.35 million of revenues in the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $1.04 million
in total assets, $915,000 in total liabilities and total
stockholders' equity of $121,000.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/AELOiu
                          
Headquartered in Westborough, Massachusetts, PAID, Inc., provides
brand-related services to businesses and celebrity clients in the
entertainment industry as well as charitable organizations.

The Company reported a net loss of $570,000 on $192,000 of revenues

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

of $81,100 on $1.07 million of revenues for the same period last
year.

The Company's balance sheet at June 30, 2014, showed $1.19 million
in total assets, $916,000 in total liabilities, and total
stockholders' equity of $271,000.


PANAMA CASINO: Equity in Casino Property to Be Sold May 28
----------------------------------------------------------
Jones Lang LaSalle, IP, Inc., said 100% of the limited liability
company interest in Panama Casino Holdings II LLC will be offered
for sale to the highest qualified bidder on May 28, 2015, at 3:00
p.m. Eastern Time at the Law Offices of Skadden, Arps, Slate,
Meagher & Flom LLP, at Four Times Square in New York.

The principal assets of the pledged entity is 100% equity interest
in each of SE Associates (Cayman) Ltd. and Silver Associates
(Cayman) Ltd., and 99% equity interest in Veneto Hotel & Casino.
The principal assets of Silver Associates is a 1% interest in
Veneto Hotel.  The principal assets of Veneto Hotel is the hotel
and casino property commonly known as the Veneto Hotel and Casino
in the Republic of Panama.

The sale is held to enforce the rights of the secured party under a
pledge and security agreement executed by Panama Casino Holdings I
LLC as pledgor dated June 14, 2017, as amended or modified.

Interest parties may contact Bill Grice at Bill.Grice@am.jll.com or
404-995-2154


PATRIOT COAL: CEO Bennett K. Hatfield Resigns
---------------------------------------------
Chelsey Dulaney, writing for The Wall Street Journal, reported that
Patriot Coal Corp. said on April 3 that Bennett K. Hatfield has
resigned as the coal company's chief executive.  According to the
Journal, Robert W. Bennett, Patriot's marketing chief since 2009,
has been named his successor.

                        About Patriot Coal

St. Louis-based Patriot Coal Corporation (NYSE: PCX) is a producer
and marketer of coal in the eastern United States, with 13 active
mining complexes in Appalachia and the Illinois Basin.  The
Company ships to domestic and international electricity
generators, industrial users and metallurgical coal customers, and
controls roughly 1.9 billion tons of proven and probable coal
reserves.

Patriot Coal and nearly 100 affiliates filed voluntary Chapter 11
petitions in U.S. bankruptcy court in Manhattan (Bankr. S.D.N.Y.
Lead Case No. 12-12900) on July 9, 2012.  Patriot said it had
$3.57 billion of assets and $3.07 billion of debts, and has
arranged $802 million of financing to continue operations during
the reorganization.

Davis Polk & Wardwell LLP serves as lead restructuring counsel.
Bryan Cave LLP serves as local counsel to the Debtors.  Blackstone
Advisory Partners LP is serving as financial advisor, and AP
Services, LLC is providing interim management services to Patriot
in connection with the reorganization.  Ted Stenger, a Managing
Director at AlixPartners LLP, the parent company of AP Services,
has been named Chief Restructuring Officer of Patriot, reporting
to the Chairman and CEO.  GCG, Inc. serves as claims and noticing
agent.

The U.S. Trustee appointed a seven-member creditors committee.
Kramer Levin Naftalis & Frankel LLP serves as its counsel.
Houlihan Lokey Capital, Inc., serves as its financial advisor and
investment banker.  Epiq Bankruptcy Solutions, LLC, serves as its
information agent.

On Nov. 27, 2012, the New York bankruptcy judge moved Patriot's
bankruptcy case to St. Louis.  The order formally sending the
reorganization to Missouri was signed Dec. 19, 2012, by the
bankruptcy judge.  The New York Judge in a Jan. 23, 2013 order
denied motions to transfer the venue to the U.S. Bankruptcy Court
for the Southern District of West Virginia.

Patriot Coal et al., filed with the U.S. Bankruptcy Court for the
Eastern District of Missouri a First Amended Joint Chapter 11
Plan of Reorganization and an explanatory disclosure statement on
Oct. 9, 2013, and a Second Amended Joint Chapter 11 Plan of
Reorganization and an explanatory disclosure statement on Oct. 26,
2013.

The Bankruptcy Court approved the Plan on Dec. 17, 2013.

                      *     *     *

The Troubled Company Reporter, on Jan. 16, 2015, reported that
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on Scott Depot, W.Va.-based coal producer Patriot
Coal Corp. to 'B-' from 'B'.  The outlook is negative.  At the same
time, S&P lowered its issue-level rating on the company's senior
secured debt to 'B' from 'B+'.  The recovery rating remains '2',
indicating S&P's expectation of a substantial (70%-90%) recovery in
the event of a payment default.

"Patriot's recently announced asset and coal supply agreement
rights sales to Alliance Resource Partners, L.P. support S&P's
belief that Patriot is reasonably likely to meet its financial
commitments over the next year and underpins the 'B-' rating.
However, as indicated by the negative outlook, the prospects for a
sustainable cost structure that supports positive free cash flow
generation remain unclear," S&P said.

The TCR, on Nov. 28, 2014, reported that Moody's downgraded the
ratings of Patriot Coal, including the corporate family rating
(CFR) to Caa1 from B3, probability of default rating (PDR) to
Caa1-PD from B3-PD, and the rating on the senior secured term loan
to Caa1 from B3. Moody's also lowered the speculative grade
liquidity (SGL) rating to SGL-4 from SGL-3. The outlook is
negative.


PEOPLE'S COMMUNITY: William Green Wants to Reopen Some Clinics
--------------------------------------------------------------
Pamela Wood at The Baltimore Sun reports that William A. Green, the
new leader of People's Community Health Center, described to
creditors on April 8, 2015, a plan to relaunch some nonprofit
clinics to restart a cash flow to pay back the Company's debts.  

The Baltimore Sun recalls that the Company closed its five clinics
last summer amid mounting financial problems.  The report says that
Mr. Green didn't disclose which clinics would reopen or when.

Citing Mr. Green, Baltimore Sun relates that the clinics to be
reopened wouldn't rely on federal grants as the Company did, as
they would rely on insurance payments from patients as their main
revenue source.

Former grants specialist Barbara Einzig remains unconvinced that
the plan will work, Baltimore Sun states.

Mr. Green still needs to file a detailed plan with the Bankruptcy
Court in the coming months, The Baltimore Sun adds.

           About The People's Community Health Centers

The People's Community Health Centers, Inc., fdba Medhealth of
Maryland, Inc., is headquartered in Baltimore, Maryland.

The Organization filed for Chapter 11 bankruptcy protection (Bankr.
D. Md. Case No. 15-10228) on Jan. 7, 2015, disclosing $3.04 million
in total assets and $6.73 million in total liabilities.  The
petition was signed by William A. Green, managing agent.  Michael
Stephen Myers, Esq., at Scarlett, Croll & Myers, P.A., serves as
the Organization's bankruptcy counsel.


PEREGRINE FINANCIAL: Failure Used by Pastor to Hide Scam, CFTC Says
-------------------------------------------------------------------
Law360 reported that the Commodities Futures Trading Commission
accused two men of duping Florida churchgoers to invest $2 million
in a phony fund that they tried to hide using Peregrine Financial
Group Inc.'s collapse in a suit unsealed in a Florida federal
court.

According to the report, citing the complaint, Wesley Allen Brown
used his position as an associate pastor for a Flagler Beach,
Florida, church to bring investors into a pooled fund called
Maverick International Inc. that he and his partner Edward Rubin
allegedly embezzled entirely.

The case is United States Commodity Futures Trading Commission v.
Brown et al., Case No. 3:15-cv-00354 (M.D. Fla.).

                    About Peregrine Financial

Peregrine Financial Group Inc. filed to liquidate under Chapter 7
of the U.S. Bankruptcy Code (Bankr. N.D. Ill. Case No. 12-27488)
on July 10, 2012, disclosing between $500 million and $1 billion
of assets, and between $100 million and $500 million of
liabilities.

Earlier that day, at the behest of the U.S. Commodity Futures
Trading Commission, a U.S. district judge appointed a receiver and
froze the firm's assets.  The firm put itself into bankruptcy
liquidation in Chicago later the same day.  The CFTC had sued
Peregrine, saying that more than $200 million of supposedly
segregated customer funds had been "misappropriated."  The CFTC
case is U.S. Commodity Futures Trading Commission v. Peregrine
Financial Group Inc., 12-cv-5383, U.S. District Court, Northern
District of Illinois (Chicago).

Peregrine's CEO Russell R. Wasendorf Sr. unsuccessfully attempted
suicide outside a firm office in Cedar Falls, Iowa, on July 9,
2012.

The bankruptcy petition was signed in his place by Russell R.
Wasendorf Jr., the firm's chief operating officer. The resolution
stated that Wasendorf Jr. was given a power of attorney on July 3
to exercise if Wasendorf Sr. became incapacitated.

Peregrine Financial is the regulated unit of the brokerage
PFGBest.


PLAINS END: Fitch Affirms 'BB' Senior Secured Bonds Ratings
-----------------------------------------------------------
Fitch Ratings has affirmed Plains End Financing LLC's senior
secured bonds at 'BB' and subordinated secured bonds at 'B+'. The
Rating Outlook for all bonds is Stable.

The affirmation and outlook of the senior and subordinate debt
reflect the project's continued strong operations and stabilized
cost profile. The project benefits from fixed-price tolling
agreements with an investment grade counterparty, however,
intermittent dispatch and operating costs above the original
projections reduced cash flows to levels consistent with the
current ratings. The potential for refinance risk and structural
subordination incrementally reduce the rating of the junior notes.

KEY RATING DRIVERS

Stable Contracted Revenues [Revenue Risk- Midrange]: The project
benefits from stable and predictable revenues under two 20-year
fixed price power purchase agreements (PPAs) with a strong utility
counterparty, Public Service Company of Colorado (PSCo; rated 'A-'
with a Stable Outlook). Operating plants Plains End, LLC (PEI) and
Plains End II, LLC (PEII) receive substantial capacity payments
that account for 82% of consolidated revenues. However, energy
margins may not sufficiently fund accelerated overhaul expenses as
a result of increased dispatch.

Low Supply Risk [Supply Risk- Stronger]: The PPAs with PSCo are
tolling-style agreements. Under the contracts, all variable fuel
expenses are passed through to PSCo, subject to heat rate
adjustments. The contracts represent a stronger attribute that
limits the fuel supply risk to the project.

Operational Stability Mitigates Cost Increases [Operation Risk-
Midrange]: The project was designed to provide backup generation
for nearby wind projects due to the intermittency of wind
resources. The project faces accelerated major maintenance and less
than full recovery of variable expenses when the project is
dispatched at a rate higher than anticipated. Dispatch has
decreased from the 2008 high; however, the project is still
susceptible to decreased cash flow from accelerated major
maintenance. This risk is partially mitigated by strong
availability and a stabilized cost profile including property
taxes.

Refinance Risk Poses Threat for Subordinated Debt [Debt Structure-
Midrange (Senior)/ Weaker (Subordinated)]: While the senior debt
benefits from a typical project finance structure, the 'B+' rating
on the subordinate notes reflects the potential for refinance risk
in 2023 if the project is unable to meet target amortization
amounts. Under the Fitch rating case, which demonstrates the effect
of reduced cash flow to the subordinate tranche, there is still
sufficient cushion to repay the sub notes by 2023. If the project
is only able to meet the minimum amortization payments, however,
there would be a balloon in 2023 for the outstanding amount. The
project is current on all target amortization.

Debt Service Profile Remains Consistent: 2014 and budget 2015 debt
service coverage ratios (DSCR) for both the senior and subordinated
debt fall in line with current expectations. Fitch's rating case
incorporates increased dispatch as well as a 5% increase to
operating costs and a 10% increase to major maintenance. Under this
scenario, the average DSCR is 1.36x with a minimum of 0.88x during
the final year at the senior level and 1.11x and 1.04x at the sub
note level.

Consistent with Peers: CE Generation, LLC ('BB-', Stable Outlook)
provides a comparable peer to Plains End. CE Generation, LLC's cash
flow is reliant on distributions from a portfolio of geothermal
projects with project level debt that is structurally senior to the
rated debt. The senior distribution trigger is relatively high
(1.50x), and ongoing cash traps have led to financial pressure at
the rated subordinate debt level. Projected DSCRs are near
breakeven over the near term, consistent with that of the
subordinate debt at Plains End.

RATING SENSITIVITIES

Negative - Dispatch Sensitivity: Sustained increased dispatch would
accelerate major maintenance and negatively impact cash flow.

Positive - Cash Flow Projection Revisions: Further cost savings or
structural revenue enhancements above the projected level could
result in an upgrade.

TRANSACTION SUMMARY

During fiscal year 2014, Plains End experienced a drop off in
dispatch to 3.8% on average across both sites due to a more
favorable wind generation profile. While the decreased capacity
factor resulted in a 46% reduction to energy revenues for the year,
total revenues consist primarily of capacity payments, with energy
revenues representing less than 5% of the total. Further, the
project benefits from a lower annual capacity factor since energy
revenues do not fully compensate for the increased variable and
maintenance costs (including a PPA capacity payment which does not
include downtime for maintenance). As such, the DSCR calculation
for fiscal year 2014 remains largely flat compared to 2013 with
1.30x coverage at the senior level and 1.08x at the consolidated
debt level for the junior notes.

The major maintenance funding cycle has been updated for this
review to reflect the sponsor's expectations for dispatch, run
hours and maintenance needs though overall changes are minimal in
terms of impact. Due to the low dispatch at PEI, there are no major
overhauls expected before 2021. PEII is not expected to receive a
16,000 hour major maintenance outage prior to 2017. In addition,
the sponsor believes that its ability to swap out engines during
the overhaul should help to reduce the impact to availability. The
Fitch base and rating case now incorporate new major maintenance
funding patterns reflective of a five-year cycle of relatively
stable costs, consistent with management expectations.

Plains End is indirectly owned by Tyr Energy (50%), John Hancock
(35%) and Prudential (15%) following the May 2013 sale. Plains End
was formed solely to own and develop two gas-fired peaking
projects, PEI and PEII, located in Arvada, Jefferson County,
Colorado. The plants are peaking facilities used primarily as a
back-up for wind generation, as well as other generation sources,
in Colorado with a combined capacity of 228.6 MW. Combined cash
flows from both plants service the obligations under the two bond
issues.

PEI and PEII have long-term PPAs structured as tolling contracts
with PSCo that expire in 2028. Under the PPAs, PSCo has a right to
all of the capacity, energy and dispatch of the facilities. PEI and
PEII receive capacity payments and variable energy payments. NAES
Corporation (NAES) has continued as operator, supporting
operational stability. Both Tyr and NAES have the same parent
company, ITOCHU Corporation, demonstrating a further alignment of
interests.

SECURITY

Plains End's obligations are jointly and severally guaranteed by
operating plants PEI and PEII. The obligations of the issuer and
guarantors are secured by a first-priority perfected security
interest in favor of the collateral agent. The collateral includes
all real and personal property, all project documents and material
agreements, all cash and accounts, and all ownership interests in
the issuer and guarantors. The collateral will be applied first to
the senior secured bonds and then to the subordinated secured
notes.



POINT BLANK: Amends Members of Equity Security Holders Panel
------------------------------------------------------------
Andrew R. Vara, the U.S. Trustee for Region 3, amended the members
of the Official Committee of Equity Security Holders for the
Chapter 11 cases of SS Body Armor I Inc. and its
debtor-affiliates.

The new members of the Equity Committee are:

   1) Bharat Capital, LLC
      Attn: Sanjay Nayar
      307 E. 44th Street, Suite 212
      New York, NY 10017
      Tel: 917-596-8492

   2) Tiburon Capital Management LLC
      Attn: Peter Lupoff
      527 Madison Ave., 6th Floor
      New York, NY 10022
      Tel: 646-840-4925
      Fax: 646-840-4924

   3) Daniel Khaykis

   4) Chong H. Sin

   5) Jack Thurmon

The U.S. Trustee noted Palogic Value Fund LP is no longer a member
of the Equity Committee as of March 31, 2015.

                            About Point Blank

Headquartered in Pompano Beach, Florida, Point Blank Solutions,
Inc. -- http://www.pointblanksolutionsinc.com/-- designs and
produces body armor systems for the U.S. Military, Government and
law enforcement agencies, as well as select international markets.

The Company maintains facilities in Pompano Beach, Florida, and
Jacksboro, Tennessee.

The Company's former chief executive officer and chief operating
officer were convicted in September 2010 of orchestrating a $185
million fraud.

Point Blank Solutions, formerly DHB Industries, filed for Chapter
11 protection (Bankr. D. Del. Case No. 10-11255) on April 14, 2010.
Laura Davis Jones, Esq., Alan J. Kornfeld, Esq., David M.
Bertenthal, Esq., and Timothy P. Cairns, Esq., at Pachulski Stang
Ziehl & Jones LLP, serve as bankruptcy counsel to the Debtor.
Olshan Grundman Frome Rosenweig & Wolosky LLP serves as corporate
counsel.  Epiq Bankruptcy Solutions serves as claims and notice
agent.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Equity Security
Holders in the case.  Ian Connor Bifferato, Esq., and Thomas F.
Driscoll III, Esq., at Bifferato LLC; and Carmen H. Lonstein, Esq.,
Andrew P.R. McDermott, Esq., and Lawrence P. Vonckx, Esq., at Baker
& McKenzie LLP, serve as counsel for the Official Committee of
Equity Security Holders.  Robert M. Hirsh, Esq., and George P.
Angelich, Esq., at Arent Fox LLP, serve as counsel to the Creditors
Committee, and Frederick B. Rosner, Esq., and Brian L. Arban, Esq.,
at the Rosner Law Group LLC, serve as co-counsel.

In October 2011, the Debtors sold substantially all assets to Point
Blank Enterprises, Inc.  The lead debtor changed its name to SS
Body Armor I, Inc. following the sale.


POINT BLANK: Estate Sues Brother of Jailed Ex-CEO
-------------------------------------------------
Law360 reported that the bankruptcy estate of body armor maker
Point Blank Solutions Inc. launched an adversary suit in Delaware
to block Jeffrey R. Brooks, the brother of Point Blank's jailed
ex-CEO David Brooks, from compelling a shareholders meeting to
elect a new board that would "torpedo" its reorganization.

Law360 previously reported that investors led by Jeffrey Brooks won
a round in Delaware bankruptcy court when a judge said an automatic
Chapter 11 litigation stay doesn't preclude them from suing to
compel a shareholder meeting.  

According to Law360, U.S. Bankruptcy Judge Christopher S. Sontchi's
opinion sets the stage for Jeffrey Brooks to potentially ask
Delaware's Chancery Court to compel a meeting that could shape the
fate of Point Blank, the former DHB Industries Inc., which was
felled by massive insider-trading fraud steered by its founder and
ex-CEO David Brooks.

                            About Point Blank

Headquartered in Pompano Beach, Florida, Point Blank Solutions,
Inc. -- http://www.pointblanksolutionsinc.com/-- designs and  
produces body armor systems for the U.S. Military, Government and
law enforcement agencies, as well as select international markets.

The Company maintains facilities in Pompano Beach, Florida, and
Jacksboro, Tennessee.

The Company's former chief executive officer and chief operating
officer were convicted in September 2010 of orchestrating a $185
million fraud.

Point Blank Solutions, formerly DHB Industries, filed for Chapter
11 protection (Bankr. D. Del. Case No. 10-11255) on April 14,
2010.
Laura Davis Jones, Esq., Alan J. Kornfeld, Esq., David M.
Bertenthal, Esq., and Timothy P. Cairns, Esq., at Pachulski Stang
Ziehl & Jones LLP, serve as bankruptcy counsel to the Debtor.
Olshan Grundman Frome Rosenweig & Wolosky LLP serves as corporate
counsel.  Epiq Bankruptcy Solutions serves as claims and notice
agent.

The U.S. Trustee has appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Equity Security
Holders in the case.  Ian Connor Bifferato, Esq., and Thomas F.
Driscoll III, Esq., at Bifferato LLC; and Carmen H. Lonstein, Esq.,
Andrew P.R. McDermott, Esq., and Lawrence P. Vonckx, Esq., at Baker
& McKenzie LLP, serve as counsel for the Official Committee of
Equity Security Holders.  Robert M. Hirsh, Esq., and George P.
Angelich, Esq., at Arent Fox LLP, serve as counsel to the Creditors
Committee, and Frederick B. Rosner, Esq., and Brian L. Arban, Esq.,
at the Rosner Law Group LLC, serve as co-counsel.

In October 2011, the Debtors sold substantially all assets to Point
Blank Enterprises, Inc.  The lead debtor changed its name to SS
Body Armor I, Inc. following the sale.

SS Body Armor I, Inc., et al., on March 17, 2015, filed with the
U.S. Bankruptcy Court for the District of Delaware a joint Chapter
11 plan of liquidation and accompanying disclosure statement, which
proposes to pay 100% to holders of secured claims.

The Plan, co-proposed by Official Committee of Unsecured
Creditors,
has blank recoveries for Class 3 - General Unsecured Claims, Class
4 - Subordinated Unsecured Claims, Class 5 - Class Action Claims,
and Class 6 - Old Common Stock Interests.  These classes of
claims,
together with Class 7 - Subordinated Common Stock Interests, Class
8 - Other Old Equity Interests and Class 9 - Other Subordinated
Claims, which will recover nothing, are impaired.

A full-text copy of the Disclosure Statement dated March 17, 2015,
is available at http://bankrupt.com/misc/POINTBLANKds0317.pdf


PROXYMED INC: General Atlantic Settles Suit Over Bankruptcy
-----------------------------------------------------------
Law360 reported that private equity firm General Atlantic LLC and
one of its directors settled a lawsuit brought by medical
information technology company ProxyMed's liquidating trustee
alleging their actions led to the company's bankruptcy.

According to the report, the trustee, NHB Assignments LLC, filed a
stipulation of dismissal along with General Atlantic and one of its
managing directors, Braden Kelly, in a Delaware federal court.
Terms of the settlement were not immediately available, the report
related.

The case is NHB Assignments LLC v. Kelly, Case No. 1:12-cv-01020
(D. Del.).

Headquartered in Norcross, Georgia, ProxyMed Inc. f/k/a MedUnite,
Inc. -- http://www.medavanthealth.com-- facilitates the exchange  
of medical claim and clinical information.  On Sept. 17, 2008, the
company filed Articles of Amendment to its Articles of
Incorporation to change its name from ProxyMed, Inc. to PM
Liquidating Corp.

The company and two of its affiliates filed for Chapter 11
protection on July 23, 2008 (Bankr. D. Del. Lead Case No.08-
11551).  Kara Hammond Coyle, Esq., and Michael R. Nestor, Esq., at
Young Conaway Stargatt & Taylor, L.L.P., represent the Debtors in
their restructuring efforts.

The Debtors indicated $40,655,000 in total consolidated assets and
$47,640,000 in total consolidated debts as of December 31, 2007.
In its petition, ProxyMed Transaction Services, Inc. indicated
$10,000,0000 in estimated assets and $10,000,000 in estimated
debts.

At Aug. 31, 2008, the company reported total assets of
$13,500,145, total liabilities of $28,014,859, and stockholders'
deficit of $14,514,714.


RADIOSHACK CORP: Seeks to Sell Defense Mobile Phones
----------------------------------------------------
Patrick Fitzgerald, writing for The Wall Street Journal, reported
that RadioShack Corp. is looking to unload more than 17,000 Defense
Mobile prepaid cellphones to Quality One Wireless for about $1.8
million.

According to the report, Defense Mobile, led by Virgin Mobile USA
co-founder Peter Lurie, sells inexpensive cellphones for active
duty military service members, their families and veterans on
Sprint's network.

                  About Radioshack Corporation

Fort Worth, Texas-based RadioShack (NYSE: RSH) --
http://www.radioshackcorporation.com/-- is a retailer of mobile  
technology products and services, as well as products related to
personal and home technology and power supply needs.  RadioShack's
retail network includes more than 4,300 company-operated stores in
the United States, 270 company-operated stores in Mexico, and
approximately 1,000 dealer and other outlets worldwide.

RadioShack Corporation and affiliates filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Lead Case No. 15-10197) on
Feb. 5, 2015.  The petitions were signed by Joseph C. Maggnacca,
chief executive officer.  Judge Kevin J. Carey presides over the
case.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul
M. Green, Esq., at Jones Day serve as the Debtors' bankruptcy
counsel.  David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and
John H. Schanne, II, Esq., at Pepper Hamilton LLP serve as
co-counsel.  Carlin Adrianopoli at FTI Consulting, Inc., is the
Debtors' restructuring advisor.  Maeva Group, LLC, is the Debtors'
turnaround advisor.  Lazard Freres & Co. LLC is the Debtors'
investment banker.  A&G Realty Partners is the Debtors' real
estate advisor.  Prime Clerk is the Debtors' claims and noticing
agent.

The Debtors disclosed total assets of $1.2 billion, versus total
debt of $1.3 billion.

Radioshack reported a net loss of $400.2 million in 2013, a net
loss of $139 million in 2012, and net income of $72.2 million in
2011.  The Company's balance sheet at Aug. 2, 2014, showed $1.14
billion in total assets, $1.21 billion in total liabilities, and a
$63 million total shareholders' deficit.

The U.S. Trustee has appointed seven members to the Official
Committee of Unsecured Creditors.


RAIL LOGISTICS: Accuses BNSF of Putting Co. Out of Business
-----------------------------------------------------------
Law360 reported that Steven Lawson and Michael S. Lerner, the
former CEO and owner of Rail Logistics LC, which operated the
defunct Cold Train refrigerated shipping company, hit BNSF Railway
Co. with a lawsuit that could run north of $41 million, saying the
rail giant's failure to transport its containers on time forced the
company out of business.

According to the lawsuit filed with the U.S. District Court for the
Eastern District of Washington, "the extreme delays in service and
low OTP ultimately caused the Cold Train to lose most of its
business as its customers refused to tolerate the delays."

The case is Lawson et al v. BNSF Railway Company, Case No.
2:15-cv-00094 (E.D. Wash.).


RALEY'S: Moody's Assigns 'B2' Corporate Family Rating
-----------------------------------------------------
Moody's Investors Service assigned a Corporate Family Rating of B2
and a Probability of Default Rating of B2-PD to Raley's. Moody's
also assigned a B3 rating to the company's proposed senior secured
seven year $200 million term loan. The outlook is stable.

The proceeds of the proposed new debt will be used to partially
finance the acquisition of the majority of the company's shares by
Michael Teel, the current CEO. Mr. Teel will become the 92% owner
with sole voting control of Raley's Holding Company and will roll
over his existing equity stake in the company. The remainder of the
purchase price will be financed through subordinated seller notes
of approximately $43 million and a drawdown of a portion of the
company's $200 million ABL revolver (unrated). All ratings are
subject to satisfactory review of final documentation and closing
of the transaction.

Raley's B2 corporate family rating reflects the company's good
franchise position as evidenced by consistent same store sales
growth in a market highly penetrated by competitors. The rating
also reflects our belief that the company's growth initiatives
including loyalty programs, increased offering of produce and
prepared foods and planned growth of specialty wine and craft beer
will further improve operating results. Ratings are also supported
by Raley's good liquidity. Financial policies have remained fairly
benign and we expect no major cash distributions in the next 18-24
months. Reflected in the ratings is also Raley's high financial
leverage with debt/EBITDA (as adjusted by Moody's) expected to be
about 6.5 times in the next 12-18 months and the fact that the
company has never before operated at such high leverage levels. The
sluggish wage growth environment is expected to continue to weigh
on consumer spending behavior and strong competition could continue
to pressure pricing and margins thereby making it difficult to
reduce leverage through EBITDA growth. Other rating factors include
the company's small scale.

The following ratings are assigned:

  -- Corporate Family Rating at B2

  -- Probability of Default Rating at B2-PD

  -- $200 million senior secured term loan maturing 2022 at
     B3 (LGD4)

The rating outlook is stable and incorporates our expectation that
financial policy will remain benign, same store sales growth will
remain positive, liquidity will not deteriorate and margins will
not meaningfully deteriorate resulting in improved profits and
credit metrics in the next 12-18 months.

Ratings could be upgraded if debt/EBITDA is sustained below 5.25
times, EBITA/interest is sustained above 2.0 times, financial
policies remain benign and liquidity remains good.

Ratings could be downgraded if the company's cash flow and
liquidity declines, same store sales growth and operating margins
deteriorate or financial policies become aggressive. Quantitatively
ratings could be downgraded if debt to EBITDA is sustained above
7.0 times or EBITA to interest is sustained below 1.25 times.

The principal methodology used in these ratings was Global Retail
Industry published in June 2011. Other methodologies used include
Loss Given Default for Speculative-Grade Non-Financial Companies in
the U.S., Canada and EMEA published in June 2009.

Raley's is a supermarket chain headquartered in West Sacramento,
California and operates 127 stores under the Raley's, Bel Air
Markets, Nob Hill Foods and Food Source banners in Northern
California and Nevada and has about $3.1 billion in revenues.


RALEY'S: S&P Assigns 'B+' CCR & Rates $200MM Loan 'B+'
------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B+' corporate
credit rating to Sacramento, Calif.-based Raley's.  The outlook is
stable.  Concurrently, S&P assigned a 'B+' issue-level rating to
the company's new $200 million institutional term loan, with a '3'
recovery rating, indicating S&P's expectation for meaningful
recovery in the event of a payment default.  S&P's recovery
expectations are in the lower half of the 50% to 70% range.

In addition to the seven-year term loan, Raley's is entering a
five-year $200 million asset-backed credit facility and $43 million
10-year subordinated seller notes (both not rated). Proceeds from
the term loan, subordinated seller notes, and a draw down on the
revolver will fund the equity purchase and a small receivable.  Pro
forma for the transaction, Mr. Teel will have 92% ownership and
sole voting control of Raley's Holdings Co.

"The rating on Raley's reflects its thinning free operating cash
flow in recent years, niche West Coast geographic concentration,
and participation in the increasingly competitive food retail
industry, which is experiencing accelerating incursions and price
competition from discounters, dollar stores, warehouse clubs, and
drug stores.  About two thirds of Raley's labor force is unionized
and therefore, we also view labor negotiations as a key risk," said
credit analyst Diya Iyer.  "The company continues to stabilize
relationships with local unions to avoid operating disruptions like
the one that temporarily reduced EBITDA in fiscal 2013."

The stable outlook reflects S&P's view that Raley's will continue
to successfully grow efficiency at its existing store base in the
competitive California market under its experienced management team
this year.  Additionally, while S&P believes stable gross margins
and the amortizing seller's note and term loan could provide modest
credit metric improvement, S&P expects limited deleveraging in the
coming year given flat operating profits.

S&P could lower the rating if sales growth is flat to slightly
negative or gross margin declines 100 bps, resulting in leverage in
the 6x area and FFO to debt in the mid-single-digit range.  It
would also result in persistently negative free operating cash flow
and thinning liquidity.  In this scenario, S&P would remove its
positive comparable rating analysis modifier to reflect credit
metrics in line with 'B'-rated grocery peers.  S& would also lower
the rating if the company pursued additional debt offerings to fund
dividends or acquisitions, or made similarly aggressive changes to
its financial policy, resulting in credit metric erosion.

Although unlikely, S&P could raise the rating if Raley's
demonstrates 100 bps of gross margin improvement or sales growth
exceeding the mid-single-digit range in the coming year,
deleveraging closer to 4x from the low-5x area, and FFO/debt in the
mid-teen to 20% range.  At that time, S&P would consider revising
the financial risk score to "aggressive", assuming Raley's can
sustain such credit metrics over several quarters and demonstrates
potential for further improved cash flow generation and benefits
from store reinvestments.



REED AND BARTON: K&A Approved as Special Pension Benefits Counsel
-----------------------------------------------------------------
The Bankruptcy Court authorized Reed and Barton Corporation to
employ Keightley & Ashner LLP as its special pension benefits
counsel, nunc pro tunc to the Petition Date.

Local 593, United Silver Workers' Union, New England Joint Board
had asked the Court to deny the application or delay the
application or any other matters unless the Debtor has notified all
employees, all retirees and the Union that the pension these people
worked all the years for may be adversely affected by the case.
The Union and the Debtor and its predecessors have been parties to
a series of successive collective bargaining agreement for at least
60 years.

The Debtor engaged Keightley & Ashner as special counsel for
matters relating to the Pension Matters, including, but not limited
to, the following:

   (a) assisting the Debtor with compliance requirements related to
the Plan;

   (b) the termination process of the Plan; and

   (c) the evaluation and resolution of the claims the PBGC is
expected to file in the Chapter 11 case.

Keightley & Ashner's current hourly billing rates are from $660 to
$910 for attorneys and other professionals, and $250 for paralegals
and law clerks.  Keightley & Ashner will also be reimbursed for
reasonable out-of-pocket expenses incurred.

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

                       About Reed and Barton

Founded in 1824, Reed and Barton Corporation is a designer and
distributor of high quality silverware and tableware, along with
flatware, crystal drinkware, picture frames, ornaments, and baby
giftware.  Reed and Barton, which sells products with the Reed &
Barton, Lunt, R&B EveryDay, and Williamsburg brands, is based in
Taunton, Massachusetts.   The privately held company's stock is
owned by 28 record shareholders who either are descendants of Henry
Reed or trusts for their benefit.  Aside from selling its products
in department stores and TV shopping networks, the company has an
on-site factory store in Taunton and a showroom in Atlanta,
Georgia.

Reed and Barton sought Chapter 11 bankruptcy protection (Bankr. D.
Mass. Case No. 15-10534) in Boston, Massachusetts, on Feb. 17,
2015.  The case is assigned to Judge Henry J. Boroff.

The Debtor has tapped Holland & Knight, in Boston, as counsel;
Financo, LLC, as investment banker; and Verdolino & Lowey, P.C., as
accountant.

The Debtor disclosed $18,325,526 in assets and $25,684,156 in
liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 1 appointed three creditors to serve on
the official committee of unsecured creditors.


REED AND BARTON: Says KEIP/KERP Bid Is Exercise of Good Judgment
----------------------------------------------------------------
Reed and Barton Corporation, in response to the U.S. Trustee's
objection, says its key employee retention plan and a key employee
incentive plan must be approved as a reasonable exercise of the
Debtor's business judgment.  The Debtor also explained that the
KERP participants are not "insiders" within the meaning of Section
101(31) of the Bankruptcy Code.

On March 12, William K. Harrington, the U.S. Trustee for Region 1,
objected to the motion, stating that the Debtor proposes to sell
substantially all of its non-real estate assets to Lifetime
Brands in early May 2015, subject to higher and better bids.  The
Debtor will then cease operating and terminate its employees.
According to the U.S. Trustee, the motion also fails to discuss
whether a separate requirement of the asset purchase agreement --
that two of the three KEIP participants must go to work for
Lifetime under multi-year consulting agreements after closing --
gives them a competing economic interest that conflicts with their
fiduciary duty to seek higher and better bids and undercuts the
KEIP's purported incentives.

                               KERP

As reported in the TCR on Feb. 20, 2015, the Debtor considers
continuity of its non-insider employees to be critical to its
business, the Chapter 11 process and, perhaps most importantly, the
ability to consummate the sale transaction that provides the
underpinnings of the Chapter 11 case.  All Reed and Barton
employees are acutely aware that they are working themselves out of
a job -- if they succeed they will effect a sale of their employer
to Lifetime Brands, Inc., and they will no longer be employed.
Absent continuity of those very same employees, however, the
Debtor's business operations would be compromised, the sale process
would fail because Lifetime Brands has conditioned its obligation
to close the sale transaction on the Reed and Barton employees
providing up to ninety days of "transition services," and the
Debtor's ability to deliver value to its creditors would be lost.
Given the importance of employee continuity to the continuation of
its business and the success of the sale processes, the Debtor has
developed the KERP.

The total cost of the KERP for all of the Debtor's non-insider
employees is approximately $150,000.

The KERP provides retention payments to 70 to 75 non-insider
employees consisting of a payment of four weeks' salary for each
participant.

The Debtors aver it is essential to the success of the Debtor's
Chapter 11 case and the sale processes that the KERP Participants
remain employed until the Sale Date.  The Debtors note that during
the week of Feb. 8, 2015, two longtime employees, one the director
of operations and the other a vice president of sales, gave notice
of their intention to leave Reed and Barton.

While a few of the KERP Participants have titles that include words
such as "vice president" or "director" suggesting officer or
director status, none of the KERP Participants are in reality
insiders.

                               KEIP

The KEIP provides incentive payments to three senior management
employees, including insiders, based solely on success in
increasing the purchase price received by the Debtor for its assets
above the gross sales price that would be realized by the Debtor
were the closing of that sale to have occurred under the terms of
the APA between the Debtor and Lifetime Brands when agreement in
principle was reached as to that deal.

The APA provides for a purchase price of $15 million, payable $10
million in cash and $5 million is a promissory note.  Lifetime
Brands' obligation to close, however, is conditioned on Reed and
Barton having at least $7 million in inventory on the closing date.
The APA also provides for a dollar for dollar adjustment of the
promissory note to the extent that "Working Capital," defined
generally as the total of accounts receivable plus inventory less
assumed liabilities, varies from $10 million.  Any downward
adjustment is limited to the $5 million amount of the promissory
note.  Any upward adjustment is limited to an increase in the
principal amount of the promissory note to $16 million.

When that deal was struck, Working Capital was $8.5 million, which
would have yielded a purchase price of $13.5 million.  The KEIP
establishes that value as a baseline, setting $13.5 million as the
"Threshold Value," and provides incentive for that portion of the
Debtor's management team that can, through careful management,
retain the employees necessary to close the deal and increase the
amount of Working Capital, to do so.

The KEIP Participants have control and oversight over the sale
process and of the Debtor's operations critical to the success of
that sale process.  Incentivizing their performance will ensure
that the sale process is conducted efficiently and quickly, but in
a way which will promote the goal of maximizing the value of the
Debtor's estate for the benefit of all creditors.

The KEIP is purely an incentive, and not retention, based
compensation plan that rewards these KEIP Participants only if the
Debtor achieves certain operational and financial benchmarks that
are directly related to the preservation and maximization of the
value of the Debtor's assets and line of business.  The KEIP
Participants are not guaranteed any payments and must meet specific
targets.

                       About Reed and Barton

Founded in 1824, Reed and Barton Corporation is a designer and
distributor of high quality silverware and tableware, along with
flatware, crystal drinkware, picture frames, ornaments, and baby
giftware.  Reed and Barton, which sells products with the Reed &
Barton, Lunt, R&B EveryDay, and Williamsburg brands, is based in
Taunton, Massachusetts.  The privately held company's stock is
owned by 28 record shareholders who either are descendants of Henry
Reed or trusts for their benefit.  Aside from selling its products
in department stores and TV shopping networks, the company has an
on-site factory store in Taunton and a showroom in Atlanta,
Georgia.

Reed and Barton sought Chapter 11 bankruptcy protection (Bankr. D.
Mass. Case No. 15-10534) in Boston, Massachusetts, on Feb. 17,
2015.  The case is assigned to Judge Henry J. Boroff.

The Debtor has tapped Holland & Knight, in Boston, as counsel;
Financo, LLC, as investment banker; and Verdolino & Lowey, P.C., as
accountant.

The Debtor disclosed $18,325,526 in assets and $25,684,156 in
liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 1 appointed three creditors to serve on
the official committee of unsecured creditors.



REED AND BARTON: UST Has Limited Objection to Financo Hiring
------------------------------------------------------------
William K. Harrington, the U.S. Trustee for Region 1, objected, on
a limited basis, to Reed and Barton Corporation's application to
employ Financo, LLC, as its investment banker.

The U.S. Trustee requested that the terms of Financo's employment
be modified to require that its final compensation (fees and
expenses) be subject to plenary review by the Court; and that its
indemnification by the Debtor exclude claims arising from gross
negligence, bad faith and disputes pertaining to the services that
Financo has agreed to provide under its Jan. 30, 2015 engagement
letter.

The U.S. Trustee also stated that the Court must direct Financo to
file fee applications, allowing it to conduct a plenary review of
its requested fees and expense reimbursement.

                       About Reed and Barton

Founded in 1824, Reed and Barton Corporation is a designer and
distributor of high quality silverware and tableware, along with
flatware, crystal drinkware, picture frames, ornaments, and baby
giftware.  Reed and Barton, which sells products with the Reed &
Barton, Lunt, R&B EveryDay, and Williamsburg brands, is based in
Taunton, Massachusetts.  The privately held company's stock is
owned by 28 record shareholders who either are descendants of
Henry Reed or trusts for their benefit.  Aside from selling its
products in department stores and TV shopping networks, the company
has an on-site factory store in Taunton and a showroom in Atlanta,
Georgia.

Reed and Barton sought Chapter 11 bankruptcy protection (Bankr. D.
Mass. Case No. 15-10534) in Boston, Massachusetts, on Feb. 17,
2015.  The case is assigned to Judge Henry J. Boroff.

The Debtor has tapped Holland & Knight, in Boston, as counsel;
Financo, LLC, as investment banker; and Verdolino & Lowey, P.C., as
accountant.

The Debtor disclosed $18.3 million in assets and $25.7 million in
liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 1 appointed three creditors to serve on
the official committee of unsecured creditors.



RESIDENTIAL CAPITAL: $350M Suit Is "Non-Core," Insurers Say
-----------------------------------------------------------
Law360 reported that a group of insurers urged a New York federal
court to withdraw from bankruptcy court a suit claiming they
wrongly refused to cover about $350 million in settlement costs
stemming from class actions against Residential Capital LLC,
arguing it has no meaningful connection to ResCap's bankruptcy.

According to the report, the adversary suit claims the eight
insurers, including Lloyd's of London, Twin City Fire Insurance Co.
and Swiss Re International SE, among others, broke their contracts
by failing to pay for settlements and legal fees in two underlying
suits and acted in bad faith by not providing reasonable grounds
for doing so.  The insurance coverage case does not belong in
bankruptcy court, as it involves "non-core" state law
breach-of-contract claims arising from disputes between non-debtor
entities related to underlying events and cases that occurred "many
years" before ResCap's bankruptcy filing in 2012, the insurers
said, the report cited.

The case is Drennen et al. v. Certain Underwriters at Lloyd’s of
London et al., case number 1:15-cv-02712, in the U.S. District
Court for the Southern District of New York.

                    About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.

Neither Ally Financial nor Ally Bank is included in the bankruptcy
filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.7 billion in assets and $15.3 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of
its
mortgage servicing and origination platform assets to Ocwen Loan
Servicing, LLC and Walter Investment Management Corporation for $3
billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


RESIDENTIAL CAPITAL: Atty Sanctioned Over Client's Bankr. Claims
----------------------------------------------------------------
Law360 reported that U.S. Bankruptcy Judge Martin Glenn in New York
sanctioned attorney Pablo E. Bustos, ruling he had failed to
justify inadequate affirmative defenses in a response to a bid by
Residential Capital LLC's liquidating trust to toss bankruptcy
claims filed by one of Bustos' clients.

According to the report, Mr. Bustos, of New York-based Bustos &
Associates PC, had been given two chances to show why he shouldn't
be sanctioned for the inadequate affirmative defenses, part of an
opposition filed on behalf of client Conrad P. Burnett Jr., but had
failed to adequately do so on either occasion, Judge Glenn ruled,
fining the attorney $5,500.

                    About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.

Neither Ally Financial nor Ally Bank is included in the bankruptcy
filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.7 billion in assets and $15.3 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of
its
mortgage servicing and origination platform assets to Ocwen Loan
Servicing, LLC and Walter Investment Management Corporation for $3
billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


RESIDENTIAL CAPITAL: Judge Won't Toss Mortgage Bond Suit
--------------------------------------------------------
Law360 reported that U.S. Bankruptcy Judge Martin Glenn in New York
ruled that a pair of Tennessee mortgage lenders must face a breach
of contract suit brought by Residential Capital LLC's liquidating
trust over allegedly shoddy mortgage loans, ruling the suit was
filed in the appropriate forum.

According to the report, Judge Glenn said Mortgage Investors Group
Inc. and American Real Estate Corp. must defend themselves in New
York court against the allegations, including claims against MIG
Inc. that it sold ResCap unit Residential Funding Co. LLC defective
loans violating contracts between the lenders.  The sides had been
arguing over which state's laws should apply to the case, basing
the arguments on certain subsections of federal civil rules of
procedure, but the judge ruled that which subsection applied was
immaterial to the case, the report noted.

The case is Residential Capital LLC et al. v. Mortgage Investors
Group Inc. et al., case number 14-02004, in the U.S. Bankruptcy
Court for the Southern District of New York.

                    About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.

Neither Ally Financial nor Ally Bank is included in the bankruptcy
filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.7 billion in assets and $15.3 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of
its
mortgage servicing and origination platform assets to Ocwen Loan
Servicing, LLC and Walter Investment Management Corporation for $3
billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


REVEL AC: Power Plant Cuts Services
-----------------------------------
Law360 reported that real estate tycoon Glenn Straub's ambitions to
revitalize Atlantic City’'s Revel Casino Hotel hit a snag when
the owner of the defunct resort's specially-made power plant,
itself facing possible bankruptcy, cut off utility service over a
lingering rate dispute.

According to the report, a lawyer for ACR Energy Partners LLC said
the company had "no choice" but to terminate service after months
of negotiations failed to produce an agreement on terms to provide
the Revel's electrical and heating needs.  The report noted that
Mr. Straub has previously vowed to use portable power generators
rather than surrender to ACR or to link the Revel's electrical
system to that of the shuttered Showboat Casino, which he announced
plans to redevelop as part of a $500 million planned investment in
Atlantic City.

Law360 said Mr. Straub has put up $26 million toward the rebirth of
the Showboat Casino, which closed last fall as neighboring casinos,
including the Revel and the Trump Taj Mahal, fell into bankruptcy.
Stockton University purchased the property for $18 million from
Caesars Entertainment in December and announced plans to create a
satellite campus on the site, Law360 said, citing school
statements.

Law360 previously reported that ACR Energy filed a letter to U.S.
Bankruptcy Judge Gloria M. Burns saying it objected to the form of
the order entered by the court approving the $82 million sale of
Revel to Mr. Straub.  ACR, Law360 said, is appealing the treatment
of its contract.

                          About Revel AC

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

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

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

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

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

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

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

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


REVSTONE INDUSTRIES: General Motors’ $13.3-Mil. Claim Allowed
---------------------------------------------------------------
Chief U.S. Bankruptcy Judge Brendan Linehan Shannon has granted the
amended motion of General Motors LLC to compel debtor TPOP, LLC,
for payment of GM's first priority secured claim.

GM's claim is allowed in the amount of $13,295,175, subject to
further proceedings to determine whether the Debtor has anuy valid
affirmative defenses, set-offs, or counterclaims that may reduce
GM’s claim.

GM claims entitlement to $13,295,175 currently held in escrow
following the sale of TPOP, LLC, fka Metavation, LLC.  Judge
Linehan Shannon finds that it is undisputed that the assets of
Metavation have been sold and that funds sufficient to pay GM are
currently available, if GM's claim is allowed.  The Debtor opposes
the Motion on numerous grounds.  

The Court finds that GM is contractually entitled to repayment of
the amount sought, subject to further proceedings to determine
whether the Debtor has any valid affirmative defenses, set-offs, or
counterclaims that may serve to reduce GM's claim.  The Court
further determines that GM has not carried its burden to show that
immediate payment of its claim is warranted.  Accordingly, while
GM's claim will be allowed in the amount of $13,295,175, the Court
will not direct immediate payment.  The Court also directs the
parties to meet and confer on a scheduling order for the Court's
consideration of the Debtor's affirmative defenses, set-offs, or
counterclaims.

                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 debt.

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


RIVERWALK JACKSONVILLE: Wants to Access Banks' Cash Collateral
--------------------------------------------------------------
Riverwalk Jacksonville Development LLC asks the U.S. Bankruptcy
Court for the Southern District of Florida for authority to
continue to access Sabadell Bank's and U.S. Century Bank's
respective cash collateral pursuant to a proposed budget from
January to June 2015.

A full-text copy of the Debtor's request to access lenders' cash
collateral is available for free at http://is.gd/0ZMxDS

A full-text copy of the proposed budget is available for free at
http://is.gd/D7bxOr

             About Riverwalk Jacksonville Development

Riverwalk Jacksonville Development, LLC, owns four parcel of real
property located in areas surrounding the Wyndham Hotel and
Convention Center. The properties comprise approximately 10.4 acres
and constitute prime downtown commercial space. The occupants of
the area are a Chart House restaurant, various office building and
parking amenities.

Three of the four properties are encumbered to Sabadell and U.S.
Century Bank. There is, in fact, substantial equity in all of the
properties.

Riverwalk Jacksonville Development filed a Chapter 11 bankruptcy
(Bankr. S.D. Fla. Case No. 14-19672) on April 28, 2014, in Miami.
The Debtor estimated assets of at least $10 million and debts of at
least $1 million.  Geoffrey S. Aaronson, Esq., at Aaronson Schantz
P.A. serves as the Debtor's counsel.  Judge Laurel M Isicoff
oversees the case.

To fund the Plan, the Debtor contemplates a transaction which will
generate sufficient funds on the Effective Date, to either pay all
allowed claims in full or to pay all allowed claims in full with
the exception of Sabadell and U.S. Century, whose debts will be
cured on the Effective Date.  The transaction will be sufficient as
well to generate funds sufficient to satisfy approved
administrative expenses on the Effective Date.


S&B SURGERY CENTER: Buchalter Sued for $22M Over Botched Claims
---------------------------------------------------------------
Law360 reported that California business law boutique Buchalter
Nemer has been hit with a $21.9 million suit alleging the firm
failed to warn a bankrupt surgery center's litigation trust of a
deadline to bring suit over an allegedly destructive loan.

According to the report, the suit alleges that the 155-attorney
Buchalter failed to tell its clients about a key litigation cutoff
date after the bankruptcy of S&B Surgery Center when they believed
they had solid claims against Fortress Credit Corp. over a huge
loan that allegedly drove S&B into bankruptcy.

S&B Surgery Center, Inc., dba S&B Surgery Center II, operates an
out-patient surgery center in Century City (a district in the
western part of Los Angeles).  S&B filed a chapter 11 petition
(Bankr. C.D. Calif. Case No. 09-19825) on April 27, 2009, and is
represented by Samuel R. Maizel, Esq., at Pachulski Stang Ziehl &
Jones LLP in Los Angeles.  The Debtor's Schedules of Assets and
Liabilities disclose $25 million in assets as of the Petition
Date.


SAAB CARS: Trustee Settles With Ex-Execs To End Severance Claims
----------------------------------------------------------------
Law360 reported that the trustee for the U.S. unit of Saab
Automobile AB urged a Delaware bankruptcy judge to approve its
$187,500 settlement to end severance claims brought by three of the
company's former executives, filed after the automaker claimed
their alleged missteps pushed the company into insolvency.

According to the report, Trustee Edward T. Gavin asked the court to
approve his settlement with former Saab president and CEO Tim
Colbeck, former general counsel Alan Lowenthal and former chief
financial officer Marcellos Matos.

                       About Saab Cars N.A.

More than 40 U.S.-based Saab dealerships have signed an
involuntary chapter 11 bankruptcy petition for Saab Cars North
America, Inc., (Bankr. D. Del. Case No. 12-10344) on Jan. 30,
2012.  The petitioners, represented by Wilk Auslander LLP, assert
claims totaling $1.2 million on account of "unpaid warranty and
incentive reimbursement and related obligations" and/or "parts and
warranty reimbursement."  Leonard A. Bellavia, Esq., at Bellavia
Gentile & Associates, in New York, signed the Chapter 11 petition
on behalf of the dealers.

Donlin, Recano & Company, Inc. (DRC), has been retained to provide
claims and noticing agent services to Saab Cars North America,
Inc. in its Chapter 11 case.

The dealers want the vehicle inventory and the parts business to
be sold, free of liens from Ally Financial Inc. and Caterpillar
Inc., and "to have an appropriate forum to address the claims of
the dealers," Leonard A. Bellavia said in an e-mail to Bloomberg
News.

Saab Cars N.A. is the U.S. sales and distribution unit of Swedish
car maker Saab Automobile AB.  Saab Cars N.A. named in December an
outside administrator, McTevia & Associates, to run the company as
part of a plan to avoid immediate liquidation following its parent
company's bankruptcy filing.

Saab Automobile AB is a Swedish car manufacturer owned by Dutch
automobile manufacturer Swedish Automobile NV, formerly Spyker
Cars NV.  Saab Automobile AB, Saab Automobile Tools AB and Saab
Powertain AB filed for bankruptcy on Dec. 19, 2011, after running
out of cash.

On Feb. 24, 2012, the Court, in consideration of the petition
filed on Jan. 30, 2012, granted Saab Cars North America, Inc.,
relief under Chapter 11 of the Bankruptcy Code.

Attorneys Stevens & Lee, P.C., and Butzel Long, represent the
Debtors as counsel.

On March 9, 2012, the U.S. Trustee formed an official Committee of
Unsecured Creditors and appointed these members: Peter Mueller
Inc., IFS Vehicle Distributors, Countryside Volkwagen, Saab of
North Olmstead, Saab of Bedford, Whitcomb Motors Inc., and
Delaware Motor Sales, Inc.  The Committee tapped Wilk Auslander
LLP as general bankruptcy counsel, and Polsinelli PC as its
Delaware counsel.

As of July 16, 2013, all conditions to consummation of the Third
Amended Plan of Liquidation of Saab North America, Inc., set forth
in Article 6.1 of the Plan were either satisfied or waived,
according to papers filed with the Bankruptcy Court on July 18,
2013.  Accordingly, on July 18, 2013, counsel for the Liquidating
Trustee sent notice that the Effective Date occurred with respect
to the Plan.


SALADWORKS LLC: Court Approves SSG Advisors as Investment Banker
----------------------------------------------------------------
The U.S. Bankruptcy Court authorized Saladworks, LLC, to employ SSG
Advisors, LLC, as investment banker, nunc pro tunc to the Petition
Date.

In a prior filing, the Debtor responded to the objection of JVSW,
LLC and WS Finance, LLC, to the Debtor's application to hire SSG
and other professionals.  According to the Debtor, the retention
applications must be approved because the standards of the
Bankruptcy Code and Bankruptcy rules were satisfied.

The Debtor sought permission to engage SSG to provide investment
banking services nunc pro tunc to the Petition Date, but primarily
related to efforts to locate and assist with the consummation of a
transaction, defined as a sale or recapitalization of the Debtor.

In their objection, WS Finance and JVSW said they are concerned
that, if the SSG application is approved as presented by the
Debtor, the Debtor will be subjected, unnecessarily, to a fee for
value as to which SSG played absolutely no role in creating.  The
Objectors also said that the engagement of SSG must be denied
because the compensation structure detailed in the SSG application
is exorbitant and would seek to compensate SSG from the very first
dollar of any transaction without regard to the fact that JVSW is
more than likely ready, willing and able to purchase the Debtor
under a plan.

According to the Objectors, the transaction under a plan has a
value equal to any offer by a third party that would propose to
purchase the Debtor for in excess of $11,000,000.  Given the near
certainty under a plan, it would be unfathomable for the Debtor to
support any sale fee to SSG that would compensate SSG for any
transaction that offers less than a net in cash to the Debtor of
$11,500,000.  Moreover, the Objectors claim the proposed monthly
fee of $25,000 to SSG is excessive.  The Objectors believe that SSG
must agree to a monthly fee of $12,500 for four months totaling
$50,000.  The Objectors propose that SSG be entitled to a sale fee
of equal to the greater of (i) $250,000 or (ii) 5% of the amount of
the total consideration above $12,000,000.

                  About Saladworks, LLC

Developed in 1986, Saladworks, LLC, is the first and largest
fresh-salad franchise concept in the United States. From its
beginning in the Cherry Hill Mall, Saladworks quickly expanded to
12 additional locations in area malls and soon thereafter began
franchising.  The company has franchise agreements with 162
different franchisees.  The equity owners are J Scar Holdings,
Inc., (70%) and JVSW LLC (30%).

Saladworks, LLC, sought Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 15-10327) on
Feb. 17, 2015.  The case assigned to Judge Laurie Selber
Silverstein.

The Debtor has tapped Landis Rath & Cobb LLP as counsel; SSG
Advisors, LLC, as investment banker; EisnerAmper LLP, as financial
advisor; and Upshot Services LLC, as claims and noticing agent.

Saladworks, LLC, disclosed $2,303,632 in assets and $14,220,722 in
liabilities as of the Chapter 11 filing.

The U.S. trustee overseeing the Chapter 11 case of Saladworks LLC
appointed three creditors of the company to serve on the official
committee of unsecured creditors.



SALADWORKS LLC: Creditors Committee Taps Khler Harrison as Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
case of Saladworks LLC asks the U.S. Bankruptcy Court for
permission to retain Khler Harrison Harvey Branzburg LLP as its
counsel.

Khler Harrison maintains an office at 919 N. Market Street, Suite
1000, Wilmington, Delaware, among others.

Khler Harrison will bill at its these hourly rates:

         Partners                 $360 - $700
         Associates               $230 - $425
         Paralegals               $150 - $300

The principal attorneys and paralegal at Khler Harrison designated
to represent the Committee and their hourly rates are:

         Richard M. Beck, partner       $585
         Sally E. Veghte, associate     $300
         Chadd Fitzgerald, paralegal    $170

To the best of the Committee's knowledge, Khler Harrison does not
represent any interest adverse to the Debtor, its creditors or any
other party-in-interest.

The Committee proposes a hearing on the matter on April 21, 2015,
at 2:00 p.m.

                  About Saladworks, LLC

Developed in 1986, Saladworks, LLC, is the first and largest
fresh-salad franchise concept in the United States. From its
beginning in the Cherry Hill Mall, Saladworks quickly expanded to
12 additional locations in area malls and soon thereafter began
franchising.  The company has franchise agreements with 162
different franchisees.  The equity owners are J Scar Holdings,
Inc., (70%) and JVSW LLC (30%).

Saladworks, LLC, sought Chapter 11 bankruptcy protection (Bankr.
D. Del. Case No. 15-10327) on Feb. 17, 2015.  The case assigned to
Judge Laurie Selber Silverstein.

The Debtor has tapped Landis Rath & Cobb LLP as counsel; SSG
Advisors, LLC, as investment banker; EisnerAmper LLP, as financial
advisor; and Upshot Services LLC, as claims and noticing agent.

Saladworks, LLC, disclosed $2,303,632 in assets and $14,220,722 in
liabilities as of the Chapter 11 filing.

The U.S. trustee overseeing the Chapter 11 case of Saladworks LLC
appointed three creditors of the company to serve on the official
committee of unsecured creditors.


SALADWORKS LLC: Gets Extra Time to Tap Stalking Horse
-----------------------------------------------------
Law360 reported that a Delaware bankruptcy judge gave Saladworks
LLC the green light to extend its Chapter 11 sale process,
providing the casual restaurant chain about three extra weeks to
cultivate a growing field of potential stalking horse bidders.

According to the report, Saladworks, which has been marketing
itself ahead a planned Section 363 sale, sought the court's
blessing for a revised timetable that would allow it additional
time to negotiate a finalized stalking horse agreement.

                       About Saladworks, LLC

Developed in 1986, Saladworks, LLC, is the first and largest
fresh-salad franchise concept in the United States. From its
beginning in the Cherry Hill Mall, Saladworks quickly expanded to
12 additional locations in area malls and soon thereafter began
franchising.  The company has franchise agreements with 162
different franchisees.  The equity owners are J Scar Holdings,
Inc., (70%) and JVSW LLC (30%).

Saladworks, LLC, sought Chapter 11 bankruptcy protection (Bankr.
D. Del. Case No. 15-10327) on Feb. 17, 2015.  The case assigned to
Judge Laurie Selber Silverstein.

The Debtor has tapped Landis Rath & Cobb LLP as counsel; SSG
Advisors, LLC, as investment banker; EisnerAmper LLP, as financial
advisor; and Upshot Services LLC, as claims and noticing agent.

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

The U.S. trustee overseeing the Chapter 11 case of Saladworks LLC
appointed three creditors of the company to serve on the official
committee of unsecured creditors.


SEA BISCUIT: Hai Jiao Sold Pledged Collateral
---------------------------------------------
A public sale for pledge collateral took place on April 13, 2015 at
the office of Reed Smith LLP.  Hai Jiao 1412 Limited placed these
collateral on sale:

a) the security agreement dated Sept. 12, 2014, between Sea Biscuit
International Inc. and the security trustee, including the Black
Gold Credit Agreement and other other financing documents; and

b) the Black Gold Pledge Agreement dated Sept. 12, 2014, between
Sea Biscuit International and the security trustee, including the
membership interest of Black Gold Drilling LLC together with all
related assets and personal property pledged as collateral to the
security trustee under the Security Agreement and the Black Gold
Pledge Agreement.

To obtain information on the public sale, contact Scott Esterbrook
at 215-851-8146 or email at sesterbrook@reedsmith.com


SIGA TECHNOLOGIES: Creditors Committee Seeks Probe of Executives
----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Siga Technologies
Inc. want to investigate the role the drug maker's executives
played in the PharmAthene Inc. dispute that drove Siga into
bankruptcy, various news sources reported.

Joseph Checkler, writing for Daily Bankruptcy Review, reported that
the Committee also said they want to investigate the 2011 sale of
stock by several Siga directors just before an announcement that
the company was getting a significantly smaller contract to sell
its smallpox vaccine.

Given that Siga is currently on the hook for a $195 million
judgment in the Delaware case, the Committee is asking for Rule
2004 authorization to launch document discovery and depose Siga
executives so the committee knows where potential potholes,
liability traps or causes of action lie while it works work with
Siga on a Chapter 11 plan in New York, Law360 said, citing the
court papers filed by the Committee.

"Discovery is necessary for the committee to carry out its
statutory authority to investigate SIGA's affairs, discover assets
and expose any conduct that may give rise to potentially valuable
estate causes of action that could benefit general unsecured
claimholders," said the creditors, who have about $200 million in
claims in the case, the DBR report related.

                    About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in
Madison
Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case is
assigned to Judge Sean H. Lane.

The Debtor has tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

The Debtor's Chapter 11 plan and disclosure statement are due May
14, 2015.

The Debtor disclosed total assets of $131,669,746 and $7,954,645
in
liabilities as of the Chapter 11 filing.

The Statutory Creditors' Committee is represented by Martin J.
Bienenstock, Esq., Scott K. Rutsky, Esq., and Ehud Barak, Esq., at
PROSKAUER ROSE LLP.  The Committee tapped to retain Guggenheim
Securities, LLC, as its financial advisor and investment banker.


SOCKET MOBILE: Sadler Gibb Expresses Going Concern Doubt
--------------------------------------------------------
Socket Mobile, Inc., filed with the U.S. Securities and Exchange
Commission its annual report on Form 10-K for the year ended Dec.
31, 2014.

Sadler, Gibb & Associates, LLC, expressed substantial doubt about
the Company's ability to continue as a going concern, citing that
the Company has an accumulated deficit of $60.7 million and a
working capital deficit.

The Company reported a net income of $432,000 on $17.02 million of
revenues for the year ended Dec. 31, 2014, compared to a net loss
of $620,000 on $15.7 million of revenues in the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $8.37 million
in total assets, $7.34 million in total liabilities, and total
stockholders' equity of $1.03 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/plsbcR
                          
Socket Mobile, Inc., is a producer of mobile cordless barcode
scanners and handheld computers for the business mobility markets.
The Newark, California-based Company offers easy-to-use software
developer kits to application developers that enable the
integration of its barcode scanning software into mobile
applications running on smart phones, tablets and mobile computers.


STATE FISH: Trustee Resolves Wells Fargo's Lift Stay Motion
-----------------------------------------------------------
The U.S. Bankruptcy Court approved a stipulation presented by State
Fish Co., Inc. and Wells Fargo Equipment Finance, Inc., that would
resolve Wells Fargo's lift stay motion.

Wells Fargo had sought an order granting relief from the automatic
stay to permit Wells Fargo to proceed under applicable
non-bankruptcy law to enforce its remedies to repossess and sell
that certain 2012 Freightliner commercial vehicle.  Wells Fargo
alleged that $5,100 was past due in respect of the Debtors'
payments for the vehicle.  

Following his appointment, the Trustee has brought all postpetition
payments on the Vehicle current.  The Trustee believes that the
vehicle is integral to the continued viability of the Debtors
operations.

Pursuant to the stipulation, among other things:

   1. The motion is withdrawn, and the hearing scheduled for
April 1, will be taken off the Court's calendar;

   2. The Trustee will make postpetition monthly payments to Wells
Fargo of $2,582 on account of the vehicle, and postpetition costs
incurred by Wells Fargo in filing the motion in the amount of
$1,050;

   3. If the Trustee fails to make a payment, or if insurance on
the Vehicle lapses, Wells Fargo may provide the trustee, via United
States mail and electronic mail to the Trustee's counsel, with
written notice of such default; and

   4. If the Trustee fails to cure a default within 10 days after
receipt of written notice, Wells Fargo shall have relief from the
automatic stay as to the Vehicle and Wells Fargo will be permitted,
without further order of the Court, to proceed under
applicable nonbankruptcy law to enforce its remedies to repossess
and sell the vehicle.

The Trustee is represented by:

         David M. Stern, Esq.
         Colleen M. Keating, Esq.
         Jonathan M. Weiss Esq.
         KLEE, TUCHIN, BOGDANOFF & STERN LLP
         1999 Avenue of the Stars, Thirty-Ninth Floor
         Los Angeles, CA 90067
         Tel: (310) 407-4000
         Fax: (310) 407-9090
         E-mail: dstern@ktbslaw.com
                 ckeating@ktbslaw.com
                 jweiss@ktbslaw.com

                         About State Fish

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

State Fish and Calpack Foods filed voluntary Chapter 11 bankruptcy
petitions (C.D. Cal. Lead Case No. 15-11084) on Jan. 26, 2015, amid
a family dispute and liquidity woes brought by declining fish
catches.  Sisters Vanessa DeLuca, Roseann DeLuca and Janet
Esposito, backed the bankruptcy filing while John DeLuca has
opposed the Chapter 11 effort.

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

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

The U.S. Trustee has appointed three entities -- Cedar Cold
Services LLC, Star-Box Inc., and Queen City Seafood Sales -- to
serve on the official committee of unsecured creditors.  The panel
has tapped Levene, Neale, Bender, Yoo & Brill LLP to serve as its
general counsel.

R. Todd Neilson has been appointed as Chapter 11 trustee effective
as of Feb. 27, 2015.



STATE FISH: Trustee Withdraws Bid to Employ Gordon Rees as Counsel
------------------------------------------------------------------
R. Todd Neilson, Chapter 11 trustee for State Fish Co., Inc., et
al., notified the U.S. Bankruptcy Court that he has withdrawn the
Debtor's motion to employ Gordon Rees Scully Mansukhani LLP as
special litigation counsel.

In a previous order, the Court did not approve the stipulation to
continue until April 9, 2015, the hearing to consider GRSM
application.  The Court required the parties to attend the
March 19 hearing to discuss the possible continued hearing dates
and briefing deadlines.

The stipulation provided for the continuance of hearing because the
trustee was just been appointed and has not yet determined whether
to employ Gordon Rees in the cases, and therefore required
additional time to gather information with regard to the proposed
employment of Gordon Rees.

                       About State Fish

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

State Fish and Calpack Foods filed voluntary Chapter 11 bankruptcy
petitions (C.D. Cal. Lead Case No. 15-11084) on Jan. 26, 2015, amid
a family dispute and liquidity woes brought by declining fish
catches.  Sisters Vanessa DeLuca, Roseann DeLuca and Janet
Esposito, backed the bankruptcy filing while John DeLuca has
opposed the Chapter 11 effort.

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

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

The U.S. Trustee has appointed three entities -- Cedar Cold
Services LLC, Star-Box Inc., and Queen City Seafood Sales -- to
serve on the official committee of unsecured creditors.  The panel
has tapped Levene, Neale, Bender, Yoo & Brill LLP to serve as its
general counsel.

R. Todd Neilson has been appointed as Chapter 11 trustee effective
as of Feb. 27, 2015.


SUMMIT STREET: Gets Final Nod to Use Wolverine Bank's Cash
----------------------------------------------------------
The U.S. Bankruptcy Court authorized, on a final basis, Summit
Street Development Company, LLC, to use cash collateral in which
Wolverine Bank asserts an interest.

The Debtor would use of cash collateral to make payments incurred
and to be incurred in this bankruptcy case.

The Bank has consented to the relief.  The Bank asserts claims
against the Debtor in an amount owing to the Bank as of Nov. 21,
2014 in the approximate amount of $5,051,075 secured by a first
priority mortgage on the Debtor's primary asset -- a building and
land located at 700 May Street in Lansing, Michigan.

As adequate protection from any diminution in value of the lender's
collateral, the Debtor will grant the bank replacement liens in the
Debtor's postpetition assets to the same extent and with the same
priority that they have by virtue of the prepetition perfected
security interests as of the Petition Date.

To the extent that Bank's collateral is insufficient or inadequate
as a result of the Debtor's use of its cash collateral, Bank is
hereby granted a superpriority administrative claim.

As further adequate protection, and pursuant to 11 USC §506(b),
Debtor agrees to reimburse Bank upon demand for any and all
reasonable costs.

The Debtor is authorized to use the tax escrow account held at the
Bank only for the purposes of paying postpetition real property
taxes.  After each payment of real property taxes, the balance will
remain in the tax escrow account for the next required payment of
property taxes.  The Debtor will need to continue to fund the tax
escrow account to have sufficient funds to pay the anticipated
summer property taxes of approximately $100,000.

                           About Summit Street

Summit Street is a real estate development company.  The Company
filed a bare-bones Chapter 11 bankruptcy petition (Bankr. W.D.
Mich. Case No. 14-07339) in Grand Rapids, Michigan, on Nov. 21,
2014.  The case is assigned to Judge John T. Gregg. Ryan D.
Heilman, Esq., at Wolfson Bolton PLLC, in Troy, Michigan, serves as
counsel.

Harry H. Hepler, the managing member and holder of 86.699 of the
membership interests, signed the petition.

The Debtor, in an amended schedules, disclosed $10,728,442 in
assets and $5,095,775 in liabilities as of the Chapter 11 filing.


SUPER BUY FURNITURE: Committee-Backed Exit Plan Confirmed
---------------------------------------------------------
Judge Enrique S. Lamoutte of the U.S. Bankruptcy Court for the
District of Puerto Rico has entered an order confirming the
reorganization plan of Super Buy Furniture, Inc.,

The reorganization plan was co-proposed by the Debtor, the Official
Committee of General Unsecured Creditors, Empresas Berrios, Inc.,
and Rent Express by Berrios, Inc.

The judge noted that the Debtor's counsel provided overview of the
confirmation requirements as shown in the 11 U.S.C. Sec. 1129
statement, the ballots accepting the plan, and the feasibility.
For the reasons stated in open court, the judge finds that the
requirements of Sec. 1129 are met.

The Debtor will file its final report on the consummation of the
Plan and its application for final decree within 30 days of the
consummation of the Plan.  

By agreement of the Debtor and Evergreen/PRIS, successor in
interest of Puerto Rico Importing & Steved, Evergreen/PRIS will
have an allowed claim reduced for $375,000, instead of the $943,560
listed in the Debtor's Schedule F.

Prior to the hearing on the Plan, the Debtor submitted a motion to
forward additional ballots.  The document shows that four general
unsecured creditors with $5.67 million in claims, led by PF Stores,
Inc. (owed $5.29 million) have accepted the Plan.

A copy of the Plan Confirmation Order entered April 7, 2015, is
available for free at:

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

The Debtor's counsel can be reached at:

         Charles A. Cuprill-Hernandez, Esq.
         CHARLES A. CUPRILL, P.S.C., LAW OFFICES
         356 Fortaleza Street, Second Floor
         San Juan, PR 00901
         Tel: 787-977-0515
         Fax: 787-977-0518
         E-mail: ccuprill@cuprill.com

                      The Reorganization Plan

As reported in the Jan. 5, 2015 edition of the Troubled Company
Reporter, Super Buy has a Joint Plan of Reorganization filed Dec.
23, 2014, that contemplates the orderly liquidation of Super Buy's
assets through their sale in an organized manner overseen by Debtor
and the Committee.  It is estimated that the liquidation will take
from six to nine months, as of Dec. 1, 2014.  Discounts for the
sale of Debtor's assets will be agreed to by the Parties and will
depend on the demand by customers.

Committee Chairman Robert Kimbrell will be included in the
decision making process in the orderly liquidation.  Any purchase
of additional inventory to attract buyers will be consulted with
Mr. Kimbrell.

Net proceeds from the liquidation of Debtor's assets, together with
the cash in Debtor's debtor-in-possession accounts, will be
available for distribution to creditors.

Prior to any distribution to General Unsecured Creditors, the
Debtor will pay in full, on the Effective Date, pending Allowed
Administrative Expense Claims and Priority Claims; and 120 days
from the Effective Date, the Debtor's operations will cease after
the sale of its assets.

The Debtor will effect payments of pending Administrative Expense
Claims, on or before the Effective Date.  Priority Tax Claims and
Other Priority Claims will be paid on the Effective Date.  All
Allowed Claims will be paid with available funds arising from the
sale of Debtor's assets available cash balance, and the collection
of Debtor's accounts receivable.  Holders of Allowed General
Unsecured Claims ($28,818,116) are estimated to recover 26% of
their claims.

                     About Super Buy Furniture

Cidra, Puerto Rico-based Super Buy Furniture, Inc., operator of
furniture stores throughout Puerto Rico under the business name of
"Casa Pitusa Muebles y Enseres", filed a Chapter 11 bankruptcy
petition (Bankr. D.P.R. Case No. 14-05523) in Old San Juan, Puerto
Rico, on July 3, 2014.

The Company disclosed $18.2 million in assets and $26.8 million in
debt in its original schedules.

The Company has tapped the firm O'Neill & Borges, in San Juan,
Puerto Rico, as counsel, and CPA Luis R. Carrasquillo & Co.,
P.S.C., as financial consultant.

The Debtor, the Official Committee of General Unsecured Creditors,
Empresas Berrios, Inc., and Rent Express by Berrios, Inc.,
submitted a Joint Plan of Reorganization and explanatory Disclosure
Statement dated Dec. 23, 2014.

The Plan contemplates the orderly liquidation of Super Buy's
assets through their sale in an organized manner overseen by
Debtor and the Committee.  It is estimated that the liquidation
will take from six to nine months, as of Dec. 1, 2014.  Discounts
for the sale of Debtor's assets will be agreed to by the Parties
and will depend on the demand by customers.

The U.S. Trustee for Region 21 appointed seven creditors to serve
in the official committee of unsecured creditors in the case.
Javier Vilarino and Ferraiuoli, LLC, serves as legal counsel to the
Creditors Committee.


TACTICAL INTERMEDIATE: Social Media Can Be Part of Ch. 11 Estate
----------------------------------------------------------------
Law360 reported that U.S. Bankruptcy Judge Jeff Bohm in Texas
federal bankruptcy judge ruled a former owner of a bankrupt gun
store must hand over control of the business' social media accounts
to the reorganized company, an order the former owner vowed to
defy.

According to the report, Judge Bohm told Jeremy Alcede he must
relinquish control of Facebook and Twitter pages with a combined
19,000 followers he formerly maintained on behalf of the Tactical
Firearms gun store and target range to the reorganized company,
CTLI LLC.

                   About Tactical Intermediate

Tactical Intermediate Holdings, Inc., and its affiliates'
operations are comprised of two major lines of business -- a
footwear line, and a fabric and clothing line, including flame
resistant material ("Massif").

Footwear is comprised of the Altama group ("Altama") and the
Wellco Group ("Wellco").  Wellco was founded in 1941 and
manufactures and sells combat boots, primarily for the United
States Military as well as commercial uniform and work boots for a
variety of customers.  Altama was founded in 1969 and manufactures
and sells boots for the United States and international militaries
as well as for federal, state and local agencies, military
schools, police, uniform shops and Army/Navy retailers.

Headquartered in Ashland, Oregon, Massif was founded in 1999 by a
group of veteran search and rescue team members and alpine
climbers who believed that the options for sanctioned fire
resistant protective gear at the time were too limited.  Massif is
a world leader in supplying flame resistant and high performance
outdoor apparel to the military, law enforcement, search and
rescue professionals, and the wildland firefighting community.

Tactical Intermediate Holdings, Inc., and its affiliates sought
Chapter 11 protection in Delaware on July 8, 2014, with plans to
quickly sell their assets.

Judge Kevin Gross is assigned to the Chapter 11 cases.  The
Debtors have requested joint administration of the cases under
Case No. 14-11659.

The Debtors have tapped Klehr Harrison Harvey Branzburg LLP as
counsel, FTI Consulting, Inc., as financial advisor, Houlihan
Lokey Capital, Inc., as investment banker, and PrimeClerk as
claims and noticing agent.

Massif Apparel Enterprises LLC, the entity formed by Sun Capital
Partners Group V LLC, to serve as stalking horse bid for Massif's
assets, is represented by Corey Fox, Esq., Brad Weiland, Esq., and
Gregory F. Fesce, Esq., at Kirkland & Ellis LLP.

Roberta A. DeAngelis, the U.S. Trustee for Region 3, appointed
three members to serve in the official committee of unsecured
creditors in the Chapter 11 cases of Tactical Intermediate
Holdings, Inc., et al.

An official committee of unsecured creditors was appointed in the
case of S.B. Restaurant Co. Debtors' cases.  The panel comprises
of (1) General Growth Properties Inc., c/o Julie Minnick Bowden of
Chicago, IL; (2) The Macerich Company, c/o Bill Palmer of
Pittsford, NY; and (3) Global Media Group c/o Mark Torres of
Rancho Santa Margarita, CA.  The Committee retained Cooley LP as
its counsel.

                       *     *     *

Tactical Intermediate Holdings Inc. and its debtor affiliates
notified the U.S. Bankruptcy Court for the District of Delaware
that their first amended Chapter 11 plan of liquidation became
effective on Nov. 28, 2014, and the transactions contemplated in
that plan were effectuated.


TERRA TECH: Posts $22.2-Mil. Net Loss for FY Ended Dec. 31
----------------------------------------------------------
Terra Tech Corp. filed with the U.S. Securities and Exchange
Commission on March 27, 2015, its annual report on Form 10-K for
the year ended Dec. 31, 2014.

The Company reported a net loss of $22.2 million on $7.09 million
of total revenues for the year ended Dec. 31, 2014, compared with a
net loss of $6.15 million on $2.12 million of total revenues in the
prior year.

The Company's balance sheet at Dec. 31, 2014, showed $7.72 million
in total assets, $6.44 million in total liabilities, and
stockholders' equity of $1.28 million.

The Company has incurred net losses for the year ended Dec. 31,
2014 and has accumulated a deficit of  $36.7 million at Dec. 31,
2014.  The Company has not been able to generate sufficient cash
from operating activities to fund its ongoing operations.  There is
no guarantee that the Company will be able to generate enough
revenue and/or raise capital to support its operations.  These
factors raise substantial doubt about the Company's ability to
continue as a going concern, according to the regulatory filing.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/VDKAnK
                          
Terra Tech Corp., through its subsidiary, is engaged in the design,
marketing and sale of hydroponic equipment for the cultivation of
indoor agriculture.  The Company is based in Newport Beach,
California.


THINKSTREAM INC: Loses Florida Law Enforcement Contract
-------------------------------------------------------
Matt Dixon at Naples Daily News reports that Thinkstream
Incorporated has lost a $17 million contract to operate the Florida
Department of Law Enforcement's Computerized Criminal History
system.

Naples Daily relates that the Agency took back the contract after
Computer Projects of Illinois filed on March 6, 2015, a bid protest
saying that the Company's failure to disclose its bankruptcy
breached the terms of the invitation to negotiate issued by the
Agency.  

According to Naples Daily, the Agency has reopened negotiations
with the top three bidders: CPI, the Company, and New York-based
GCOM Software.

Barry Bellue, the Company's president, explained that the Company
is financially sound enough to handle the contract and did not
disclose the bankruptcy because it did not think it was a
requirement, Naples Daily states.  The report quoted Mr. Bellue as
saying that the Company will "will fight vigorously and legally to
protect the reputation and future of our company."  Mr. Bellue said
that was in Tallahassee in continued negotiations with the
department, according to the report.

                      About Thinkstream Inc.

Thinkstream Incorporated of Delaware, fka Thinkstream Incorporated
of Colorado, is a technology company that engages in developing
and expanding standard and Web-based distributed information
networks to meet the communication and interoperability demands of
public safety and criminal justice markets.  The company serves
federal agencies, departments, and municipalities in California,
Florida, Texas, Louisiana, Mississippi, and Georgia.

On Sept. 19, 2014, petitioning creditors led by TSB Ventures, LLC,
asserting $9.33 million in total claims on account of debentures
and promissory notes allegedly issued by Thinkstream Incorporated
of Delaware or its predecessor, filed an involuntary Chapter 11
petition for Thinkstream in Baton Rouge (Bankr. M.D. La. Case No.
14-11204).  The case is assigned to Judge Douglas D. Dodd.

The Petitioning Creditors are TSB Venture, LLC, Grossman Family
Limited Partnership, Michael S. Chadwick, Rainbow Investments
Company, Kevin C. Kling GST Trust, Time O'Leary, and John Zapalac.
TSB Venture is based in Folson, LA, while the other creditors are
based in Texas.

TSB is represented by Brandon A. Brown, Esq., and Ryan James
Richmond, Esq. of Stewart Robbins & Brown, LLC, in Baton Rouge,
Louisiana.

Rainbow Investments, Kevin Kling GST Trust, Tim O'Leary and John
Zapalac are represented by J. Eric Lockridge, Esq. --
eric.lockridge@keanmiller.com -- of Kean Miller.


TOLLENAAR HOLSTEINS: R. Burbank Appointed as Bankruptcy Trustee
---------------------------------------------------------------
U.S. Bankruptcy Judge Christopher Jaime approved the appointment of
Russell Burbank as bankruptcy trustee for Tollenaar Holsteins and
its affiliates.

Mr. Burbank, a managing director with Burr Pilger Mayer Inc., was
appointed last month by U.S. Trustee Tracy Hope Davis to replace
the companies' management.

The appointment came after the bankruptcy judge on March 17 granted
the motion filed by Bank of the West to replace the companies'
management with an outside trustee.  In its motion, the bank
accused officials of incompetency and mismanagement of the
companies' dairy farm operations.

U.S. bankruptcy law allows the appointment of a trustee "for cause
including fraud, dishonesty, incompetence or gross mismanagement,"
before or after a bankruptcy case begins.

Tollenaar previously objected to the appointment of a trustee,
saying it was an "unnecessary and unwarranted response to the
bank's aggressive enforcement of its claims."  

The company and its lender Hartford Life and Accident Insurance Co.
had said they were more open to the appointment of an independent
chief restructuring officer.  However, the company and Bank of the
West failed to reach an agreement on the appointment of a CRO.

                     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.


TROPICANA ENTERTAINMENT: Sues NJ Construction Co. Over Oil Leak
---------------------------------------------------------------
Law360 reported that reorganized gaming giant Tropicana
Entertainment Inc. sued a contractor in New Jersey federal court
saying construction company Michael Marra Inc. caused a 500-gallon
heating oil spill in the course of renovating a storage tank at its
Atlantic City, New Jersey, casino.

According to the lawsuit, Cliffwood Beach, New Jersey-based Marra
botched an upgrade job to the nearly 2,000-room casino's heating
oil storage tanks by capping and shutting off return lines, the
report related.

The case is TROPICANA ENTERTAINMENT INC. v. MICHAEL MARRA, INC.,
Case No. 3:15-cv-02461 (D.N.J.).

                  About Tropicana Entertainment

Tropicana Entertainment Inc. owned and operated nine casinos and
resorts in Indiana, Louisiana, Mississippi, Nevada and New Jersey.
The Company owns approximately 6,000 rooms, 9,000 slot positions
and 250 table games.  In addition, the Company owns a development
property in Aruba.  The company is based in Las Vegas, Nevada.

Tropicana Entertainment LLC and certain affiliates filed for
Chapter 11 protection (Bankr. D. Del. Case No. 08-10856) on May 5,
2008.  Kirkland & Ellis LLP and Mark D. Collins, Esq., at Richards
Layton & Finger, represent the Debtors in their restructuring
efforts.  Their financial advisor is Lazard Ltd.  Their notice,
claims, and balloting agent is Kurtzman Carson Consultants LLC.
Epiq Bankruptcy Solutions LLC is the Debtors' Web site
administration agent.  AlixPartners LLP is the Debtors'
restructuring advisor.  Stroock & Stroock & Lavan LLP and Morris
Nichols Arsht & Tunnell LLP represent the Official Committee of
Unsecured Creditors in this case.  Capstone Advisory Group LLC is
financial advisor to the Creditors' Committee.

The OpCo Debtors, a group of Tropicana entities owning casinos and
resorts in Atlantic City, New Jersey and Evansville, Indiana
obtained confirmation from the Bankruptcy Court of a
reorganization plan.  On April 29, 2009, non-debtor units of the
OpCo Debtors, designated as the New Jersey Debtors -- Adamar of
New Jersey, Inc., and its affiliate, Manchester Mall, Inc. --
filed for Chapter 11 (Bankr. D.N.J. Lead Case No. 09- 20711) to
effectuate a sale of the Atlantic City Resort and Casino to a
group of Investors-led by Carl Icahn.   Judge Judith H. Wizmur
presides over the cases.  Manchester Mall is a wholly owned
subsidiary of Adamar that owns and operates certain real property
utilized in the New Jersey Debtors' business operations.
Effective March 2010, Tropicana Entertainment successfully emerged
from the Chapter 11 reorganization process as an Carl Icahn-owned
entity.

A group of Tropicana entities, known as the LandCo Debtors, which
own Tropicana casino property in Las Vegas, have obtained approval
of a separate Chapter 11 plan.

Ilana Volkov, Esq., and Michael D. Sirota, Esq., at Cole, Schotz,
Meisel, Forman & Leonard, in Hackensack, New Jersey, represented
the New Jersey Debtors.  Kurtzman Carson Consultants LLC acts as
their claims and notice agent.  Adamar disclosed $500 million to
$1 billion both in total assets and debts in its petition.
Manchester Mall disclosed $1 million to $10 million in total
assets, and less than $50,000 in total debts in its petition.

Debtors Adamar of New Jersey Inc. and Manchester Mall Inc. have
merged into Adamar of NJ In Liquidation, LLC.  The merger and name
change is in accordance with an Amended and Restated Purchase
Agreement, which governs the sale and transfer of the operations
of the Tropicana Casino and Resort - Atlantic City, including
substantially all of the New Jersey Debtors' assets, to Tropicana
Entertainment Inc., Tropicana Atlantic City Corp., and Tropicana
AC Sub Corp., free and clear of any and all liens, claims and
encumbrances.


U.S. STEEL CANADA: Commences Sale & Restructuring Process
---------------------------------------------------------
U.S. Steel Canada Inc. obtained an initial order under the
Companies' Creditors Arrangement Act (Canada) from the Ontario
Superior Court of Justice, Commercial List (Toronto) on September
16, 2014.  Ernst & Young Inc. was appointed by the Court as the
Monitor of USSC.  Pursuant to the Initial Order, USSC is authorized
to pursue all avenues of a sale or refinancing of its business or
property, in whole or part, subject to prior approval of the Court.
In this regard, USSC is commencing a sale and
restructuring/recapitalization process pursuant to a Court order
dated April 2, 2015.

USSC is a two-site leading integrated steel producer whose assets
include blast furnace operations, coke ovens, steelmaking
facilities, and hot-rolling, pickling, cold-rolling, and
galvanizing lines.  In addition to the currently operating assets,
USSC assets include certain idled production equipment which could
be restarted.

The SARP is intended to solicit interest in and opportunities for a
sale, restructuring or recapitalization of USSC's assets and
business operations.  The Opportunity may include one or more of a
restructuring, recapitalization or other form of reorganization of
the business and affairs of USSC as a going concern, or a sale of
all, substantially all, or one or more components of USSC's assets
and business operations including, without limitation:

USSC's 813 acres of real property located on Hamilton Harbour in
Hamilton, Ontario, and coke ovens, assets used for ironmaking,
steelmaking and finishing, and other operating assets and business
operations located in Hamilton, Ontario; and USSC's 6,600 acres of
real property located in Nanticoke, Ontario, coke ovens, assets
used for ironmaking and steelmaking, hot-rolling, pickling, and
other operating assets and business operations located in
Nanticoke, Ontario.

In summary, the SARP will consist of two phases.  In Phase 1,
parties who have entered into a non-disclosure agreement in the
form provided by USSC or otherwise acceptable to the Financial
Advisor, USSC and the Monitor with USSC, as outlined below, will be
provided with information considered relevant to the Opportunity
and the opportunity to submit a non-binding letter of interest by
May 20, 2015 offering to (i) acquire all, substantially all or a
portion of the Property, or (ii) make an investment in,
restructure, reorganize or refinance the Business.  As outlined in
the SARP Order, parties that have submitted Qualified LOIs, have a
bona fide interest in completing a sale proposal or investment
proposal with USSC and have the financial capability to consummate
such a transaction may be invited to participate in Phase 2 of the
SARP, which will include detailed due diligence and access to a
confidential data room.  The SARP Order provides further details on
the SARP.

Any party who wishes to participate in the SARP must provide to
USSC's financial advisor, Rothschild Inc., an NDA executed by it
and a letter setting forth the identity of the Potential Bidder,
the contact information for such Potential Bidder and full
disclosure of the direct and indirect principals of the Potential
Bidder.  Parties who wish to participate in the SARP process should
contact USSC's Financial Advisor at ussc@rothschild.com to receive
an NDA.  The SARP will also be subject to the supervision of the
Monitor.

A Potential Bidder (who delivers the executed NDA and letter as set
out above) will be deemed a "Phase 1 Qualified Bidder" if USSC and
the Financial Advisor, in their reasonable business judgment, in
consultation with and with the approval of the Monitor, determine
such person is likely, based on the availability of financing,
experience and other considerations, to be able to consummate a
sale, restructuring or recapitalization transaction pursuant to the
SARP.

Phase 1 Qualified Bidders will be provided with the Confidential
Information Package.  The Financial Advisor, USSC, the Monitor and
their respective advisors make no representation or warranty as to
the information contained in the Confidential Information Package
or otherwise made available pursuant to the SARP or otherwise,
except to the extent expressly contemplated in any definitive sale
or investment agreement with a successful bidder ultimately
executed and delivered by USSC.

Full details of the SARP can be found in the SARP Order on the
Ernst & Young Inc.  Restructuring Document Centre:
www.ey.com/ca/ussc under the "SARP Materials" tab.

For further information with respect to the SARP, interested
parties may contact either the Financial Advisor or the Monitor as
set out below:

Financial Advisor
Gideon Volschenk, Director
Rothschild Inc.
(202) 862 1677
ussc@rothschild.com

Monitor
Alex Morrison, Senior Vice President
Ernst & Young Inc.
(416) 941 7743
alex.f.morrison@ca.ey.com

U. S. Steel Canada continues to carry on business as usual while it
develops and implements comprehensive restructuring solutions.
Ernst & Young Inc., as the Court-appointed Monitor continues to
oversee the business and financial affairs of the company during
the CCAA process.  More information relevant to the restructuring
process is available on the Monitor's website at www.ey.com/ca/USSC
and additional information will be posted as it becomes available.

                 About U. S. Steel Canada, Inc.

U. S. Steel Canada's operations are located at Lake Erie Works, a
fully integrated steelmaking facility, and at Hamilton Works, home
to cokemaking and finishing operations including our premier
zinc-coating facility, the world-class Z-Line.  U. S. Steel Canada
has the capability of producing approximately 2.6 million tons of
steel annually and employs approximately 2,000 people.

U.S. Steel Canada commenced court-supervised restructuring
proceedings under the Companies' Creditors Arrangement Act, R.S.C.
1985, c. C-36, before the Ontario Superior Court of Justice
(Commercial List) on Sept. 16, 2014.  Ernst & Young Inc. has been
appointed by the CCAA court as monitor pursuant to an Initial CCAA
Order.


US STEEL CANADA: To Sell Assets and Business Operations
-------------------------------------------------------
U.S. Steel Canada Inc. is commencing a sale and
restructuring/recapitalization (SARP) process pursuant to an order
dated April 2, 2015, issued by the Ontario Superior Court of
Justice.  The SARP is intended to solicit interest in and
opportunities for a sale of USSC's assets and business operations
including, without limitation:

a) 813 acres of real property located on Hamilton Harbour in
Hamilton, Ontario; and

b) 6,600 acres of real property located in Nanticoke, Ontario.

The SARP will consist of two phases. In phase 1, parties who have
entered into a non-disclosure agreement will be provided with
information considered relevant to the confidential information
package and the chance to submit a non-bidding letter of interest
by May 20, 2015 offering to (i) acquire all or a portion of the
property, or (ii) make an investment in, restructure, reorganize or
refinance the business.  In phase 2 will include detailed due
diligence and access to a confidential data room.

Interest parties must provide to USSC's financial advisor
Rothschild Inc. a non-disclosure agreement.  Parties who want to
participate should contact the firm at ussc@rothschild.com

For more information, parties may contact either:

Financial Advisor
Rothschild Inc.
Attn: Gideon Volschenk, Director
Tel: (202) 852-1677
Email: ussc@rothschild.com

     - or -

Monitor
Ernst & Young Inc.
Attn: Alex Morrison, Senior Vice President
Tel: (416) 941-7743
Email: alex.f.morrison@ca.ey.com

                  About U. S. Steel Canada, Inc.

U. S. Steel Canada's operations are located at Lake Erie Works, a
fully integrated steelmaking facility, and at Hamilton Works, home
to cokemaking and finishing operations including our premier
zinc-coating facility, the world-class Z-Line.  U. S. Steel Canada
has the capability of producing approximately 2.6 million tons of
steel annually and employs approximately 2,000 people.

U.S. Steel Canada commenced court-supervised restructuring
proceedings under the Companies' Creditors Arrangement Act, R.S.C.
1985, c. C-36, before the Ontario Superior Court of Justice
(Commercial List) on Sept. 16, 2014.  Ernst & Young Inc. has been
appointed by the CCAA court as monitor pursuant to an Initial CCAA
Order.


USA SYNTHETIC: Creditor Slams Third Eye's Credit Bid
----------------------------------------------------
Law360 reported that a former owner of USA Synthetic Fuel Corp.'s
hoped-for Ohio energy production site accused credit-bidding
investor Third Eye Capital Corp. of scheming with the bankrupt
development-stage energy company to wipe out $38 million in debt
under a collusive Chapter 11 asset sale.

According to the report, an objection from Global Energy Inc.
President Harry H. Graves said that USA Synthetic's proposal to
auction off its assets with secured lender TEC credit bidding $15
million as stalking horse threatens to repudiate the debtor's
obligations under a 2010 promissory note.

                      About USA Synthetic Fuel

Based in Lima, Ohio, USA Synthetic Fuel Corporation is an
environmentally focused, development stage energy company pursuing
low-cost, clean energy solutions through the deployment of Ultra
Clean Btu Converter technology.  Ultra Clean Btu Converter
technology is a process that cost-effectively converts lower-value
solid hydrocarbons, such as coal, into higher-value energy
products, such as Ultra Clean Synthetic Crude, which can be
refined
into a variety of fuels, such as diesel, jet, and gasoline.

USA Synthetic and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Lead Case No. 15-10599) on March 17,
2015.  The petitions were signed by Dr. Steven C. Vick as chief
executive officer.  The Debtors disclosed total assets of $7.9
million and total debts of $99.3 million.

Morris, Nichols, Arsht & Tunnell, represents the Debtors as
counsel.  Asgaard Capital LLC acts as the Debtors' investment
banker.  R2B Group, LLC serves as the Debtors' interim chief
financial officer provider.


WASHINGTON MUTUAL: Calif. Court OKs $10M Mortgage Fraud Suit Deal
-----------------------------------------------------------------
Law360 reported that a California federal judge signed off on a $10
million settlement between units of bankrupt Washington Mutual and
class action plaintiffs claiming they were duped into taking out
mortgages with low "teaser rates," after previously denying the
deal for an overly broad class definition.

According to the report, Judge Josephine L. Staton said that the
revised class definition included only consumers whose option
adjustable rate mortgage loans acquired by Washington Mutual
Mortgage Securities Corp. and WaMu Asset Acceptance Corp. contained
the "misleading features" at issue in the suit.

The case is Timothy R Peel et al v. Brooksamerica Mortgage
Corporation et al., Case No. 8:11-cv-00079 (C.D. Calif.).

                    About Washington Mutual

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

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


WBH ENERGY: Seeks Approval of $25 Million Ch. 11 Bid
----------------------------------------------------
Law360 reported that Texas oil and gas driller WBH Energy LP asked
a Texas federal bankruptcy judge to approve a $25 million stalking
horse bid from its only secured creditor, saying it was part of the
best plan to repay its debts.

According to the report, in a motion Monday, WBH proposed credit
bids of at least $15 million for its oil and gas property and at
least $10 million for its personal property to creditor Castlelake
LP, which would serve as a stalking horse.

                         About WBH Energy

WBH Energy Partners LLC (Bankr. W.D. Tex. Case No. 15-10004) and
its affiliates -- WBH Energy, LP (Bankr. W.D. Tex. Case No.
15-10003) and WBH Energy GP, LLC (Bankr. W.D. Tex. Case No.
15-10005) separately filed for Chapter 11 bankruptcy protection on
Jan. 4, 2015.  The petitions were signed by Joseph S. Warnock,
vice
president.

Judge Christopher Mott presides over WBH Energy, LP's case, while
Judge Tony M. Davis presides over WBH Energy Partners' and WBH
Energy GP's cases.

William A. (Trey) Wood, III, Esq., at Bracewell & Giuliani LLP,
serves as the Debtors' bankruptcy counsel.

WBH Energy, LP, and WBH Energy Partners estimated their assets and
liabilities at between $10 million and $50 million each.  WBH
Energy, LP disclosed $557,045 plus an unknown amount and
$48,950,652 in liabilities as of the Chapter 11 filing.  WBH
Energy
GP estimated its assets at up to $50,000, and its liabilities at
between $10 million and $50 million.

The U.S. Trustee for Region 7 appointed seven creditors to serve
on
the official committee of unsecured creditors.


WEST COAST GROWERS: Hires Klein DeNatale as Insolvency Counsel
--------------------------------------------------------------
West Coast Growers Inc. asks the U.S. Bankruptcy Court for the
Eastern District of California for authority to employ Klein,
DeNatale, Golder, Cooper, Rosenlieb & Kimball LLP as its general
insolvency counsel.

The firm will:

   a) consulting with Debtor concerning its present financial
      situation, the realistically achievable goals, and the
      efficacy of various forms of bankruptcy asa means to achieve

      its goals;

   b) prepare the documents necessary to commence the bankruptcy
      case;

   c) advise Debtor concerning its duties as a debtor-in-
      possession in a Chapter 11 case;

   d) if it appears that it can propose a viable plan, helping the

      formulation of the Chapter 11 plan, drafting the plan and
      disclosure statement, and prosecuting legal proceedings to
      seek confirmation of the plan;

   e) if necessary, preparing and prosecuting such pleadings as
      complaints to avoid preferential transfers or transfers
      deemed fraudulent as to creditors, motions for authority to
      borrow money, sell property, or compromise claims and
      objections to claim.

According to the Debtor, the firm received a prepetition retainer
of $40,000 for the Chapter 11 case.  Of this sum, $32,104 was
earned for services performed or costs incurred before the petition
was filed.  Except to the extent the money has been fully earned
before Counsel filed Debtor's bankruptcy petition, Counsel will
hold the balance of $7,896 pending the approval and allowance of
attorney's fees and costs by the Court.  Pending such approval and
allowance, Counsel claims a possessory security interest in this
money to secure payment of its fees.  The source of the retainer
was the trust account of the Law Offices of Thomas H. Armstrong as
to $20,000, which was received by him from K&G Enterprises, an
insider and creditor of the Debtor.  The owner of K&G Enterprises
is Mrs. Salwasser's daughter, Keri Salwasser.  The second
$20,000.00 retainer was paid by the Debtor.

The Debtor notes the firm estimates that fees will probably be at
least $100,000.  The firm may require that Debtor deposit
additional funds into an administrative expenses,
debtor-in-possession, bank account to provide a source for payment
of fees and other administrative expenses.

Charlotte E. Salwasser, president, secretary, and sole officer of
the Debtor,  assures the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The firm can be reached at:

   Klein, DeNatale, Golder,
    Cooper, Rosenlieb & Kimball LLP
   Attn: Hagop T. Bedoyan, Esq.
   Tel: 559.438.4374
   Fax: 559.432.1847
   Email: hbedoyan@kleinlaw.com

                      About West Coast Growers

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

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

West Coast Growers disclosed total assets of $10.1 million and
total liabilities of $59.6 million.

Hagop T. Bedoyan, Esq., Jacob L. Eaton, Esq., at Lisa A. Holder,
Esq., at Klein, Denatale, Goldner, Cooper, Rosenlieb & Kimball,
LLP, serve as West Coast Growers' attorneys.  Peter L. Fear, Esq.,
at Fear Law Group, P.C., represents Salwasser as counsel.


WEST COAST GROWERS: To Hire Pearson Realty as Real Estate Broker
----------------------------------------------------------------
West Coast Growers Inc. asks the U.S. Bankruptcy Court for the
Eastern District of California for authority to employ Pearson
Realty as its real estate broker.

The Debtor leases its real property from Salwasser Inc. that filed
for bankruptcy on March 20, 2015.  The asset of Salwasser estate
include real property consisting of about 60 acres of land located
in Biola, County of Fresno in California.  Jim Olivas, real estate
agent at the firm, notes the value of the real property is about
$20 million based on comparable sales in the area and a preliminary
inspection of the real property and personal property.

The firm will receive a commission, upon consummation of any sale
of the real property and personal property, in an amount equal to
4% of the purchase price.

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

A hearing is set for April 30, 2015, at 2:30 p.m. to consider the
Debtor's request.

                      About West Coast Growers

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

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

West Coast Growers disclosed total assets of $10.1 million and
total liabilities of $59.6 million.

Hagop T. Bedoyan, Esq., Jacob L. Eaton, Esq., at Lisa A. Holder,
Esq., at Klein, Denatale, Goldner, Cooper, Rosenlieb & Kimball,
LLP, serve as West Coast Growers' attorneys.  Peter L. Fear, Esq.,
at Fear Law Group, P.C., represents Salwasser as counsel.


WILTON HOLDINGS: S&P Cuts CCR to 'CCC+', Outlook Remains Negative
-----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate rating on
Woodridge, Ill.-based Wilton Holdings Inc. to 'CCC+' from 'B-'. The
outlook remains negative.

Concurrently, S&P lowered its issue-level ratings on the company's
$400 million term loan due 2019 to 'CCC+' from 'B-'.  S&P revised
the recovery rating to '3H', which indicates S&P's expectation for
meaningful (50% to 70%) recovery in the event of a payment
default.

"The negative outlook reflects our expectation that the company's
liquidity could become constrained because it may not be able to
meet its net leverage ratio test if operating performance does not
improve, in which case it would be required to exercise an equity
cure in order to remain in compliance," said Standard & Poor's
credit analyst Beverly Correa.  "We estimate that the company may
not be able to remain in compliance with its financial covenant if
it is unable to meet our projections in 2015," added Ms. Correa.

The rating action follows Wilton Holdings' weak fourth-quarter
operating performance, which resulted in a deterioration of credit
metrics and its covenant cushion narrowing to less than 2%.
Moreover, the company may breach covenants if it cannot reverse
current performance as it faces step-downs in its covenants later
this year.

"Wilton Holdings Inc.'s operating performance over the past year
continues to e below our expectations and has resulted in very weak
credit protection measures that are below our expectations," said
Ms. Correa.  Currently, adjusted leverage is about 14x (9.8x
excluding preferred stock) as compared with 12x (8.6x excluding
preferred stock) in 2013.  Revenues for the fiscal year ended Dec.
31, 2014, fell 7% primarily because of lower sales in the paper
crafting segment as consumers moved to other crafting categories,
as well as declines in Canadian and international sales.  As a
result, adjusted EBITDA dropped 10% for the year, reflecting
logistics problems in Canada and lower sales volumes, particularly
in the European and Canadian markets, which have been hurt by
foreign exchange headwinds.  S&P estimates FOCF after capital
expenditures was just under $40 million in 2014, and the company's
EBITDA to cash interest coverage was 2.2x in 2014.  S&P believes
Wilton will face difficulties in meaningfully reducing adjusted
leverage given its growing accrued liabilities from its holding
company payment-in-kind debt and preferred stock unless the company
is able to materially improve operating performance.

Wilton will remain very highly leveraged over the next 12 months.
S&P's forecast assumes that credit measures remain weak but improve
slightly with leverage approaching 13x (closer to 9x excluding the
preferred stock as debt) by fiscal year-end 2015 and 12.5x (8.8x
excluding the preferred stock as debt) for 2016 and with FFO to
adjusted debt remaining weak at close to 0% in 2015 (close to 3%
excluding the preferred stock as debt).  S&P forecasts FOCF of
about $30 million in 2015 and EBITDA to cash interest coverage of
at least 1.5x in 2015.  S&P do not expect material improvement in
revenues or EBITDA given the company's recent and projected
performance.



YUKOS OIL: Rosneft Settles Battle Over Breakup
----------------------------------------------
Law360 reported that Russian state oil company Rosneft said it has
settled a raft of international legal claims in connection with the
alleged destruction of onetime oil giant Yukos Oil Co., whose
breakup unleashed a wave of litigation and led to a $50 billion
arbitration award for former Yukos shareholders in 2014.

According to the report, Rosneft said in a statement that documents
signed ended all ongoing litigation in the Netherlands, England,
Russia, the U.S., and other places.

                         About Yukos Oil

Headquartered in Moscow, Yukos Oil -- http://yukos.com/-- was an  
open joint stock company under the laws of the Russian Federation.
Yukos was involved in energy industry substantially through its
ownership of its various subsidiaries, which own or are otherwise
entitled to enjoy certain rights to oil and gas production,
refining and marketing assets.

The Company filed for Chapter 11 protection on Dec. 14, 2004
(Bankr. S.D. Tex. Case No. 04-47742), but the case was dismissed
on Feb. 24, 2005, by the Hon. Letitia Z. Clark.  A few days later,
the Russian Government sold its main production unit Yugansk to a
little-known firm Baikalfinansgroup for US$9.35 billion, as
payment for US$27.5 billion in tax arrears for 2000-2003.  Yugansk
eventually was bought by state-owned Rosneft, which is now
claiming more than US$12 billion from Yukos.

On March 10, 2006, a 14-bank consortium led by Societe Generale
filed a bankruptcy suit in the Moscow Arbitration Court in an
attempt to recover the remainder of a US$1 billion debt under
outstanding loan agreements.  The banks, however, sold the claim
to Rosneft, prompting the Court to replace them with the state-
owned oil company as plaintiff.

On April 13, 2006, court-appointed external manager Eduard Rebgun
filed a chapter 15 petition in the U.S. Bankruptcy Court for the
Southern District of New York (Bankr. S.D.N.Y. Case No. 06-0775),
in an attempt to halt the sale of Yukos' 53.7% ownership interest
in Lithuanian AB Mazeikiu Nafta.

On May 26, 2006, Yukos signed a US$1.49 billion Share Sale and
Purchase Agreement with PKN Orlen S.A., Poland's largest oil
refiner, for its Mazeikiu ownership stake.  The move was made a
day after the Manhattan Court lifted an order barring Yukos from
selling its controlling stake in the Lithuanian oil refinery.

On Aug. 1, 2006, the Hon. Pavel Markov of the Moscow Arbitration
Court upheld creditors' vote to liquidate OAO Yukos Oil Co. and
declared what was once Russia's biggest oil firm bankrupt.

On Nov. 23, 2007, the Russian Trading System and Moscow
Interbank Currency Exchange stopped trading Yukos shares after
the company formally ceased to exist.  Mr. Rebgun completed the
company's liquidation process after Russia's Federal Tax Service
has entered Yukos' liquidation on the Uniform State Register of
Legal Entities.

As reported in the Troubled Company Reporter-Europe on Nov. 14,
2007, the Moscow Arbitration Court entered an order closing the
liquidation proceedings of Yukos, 15 months after it was declared
bankrupt on Aug. 1, 2006.


[*] Baker Botts Bolsters Dubai Office with 2 Partners
-----------------------------------------------------
Baker Botts LLP announced on March 30 that Abdullah Mutawi has
joined the firm as a partner in the Corporate Group, and Lucas
Pitts has joined the firm as a partner in the firm's International
Dispute Resolution Group. Both will be based in the firm's Dubai
office.

"Both Abdullah and Lucas have a deep background and wealth of
experience throughout the Middle East and Africa. Their addition
will increase our regional and international capabilities in the
areas of Corporate law and International Dispute Resolution," said
Andrew M. Baker, Managing Partner.

"We are committed to growing our Dubai and international presence
by adding highly qualified lawyers who possess both local market
and international expertise while providing the highest levels of
client service across multiple disciplines," added Mr. Baker.

Abdullah Mutawi - Partner

Mr. Mutawi is a leading Corporate lawyer with significant cross
border M&A securities and capital market expertise and experience.
His practice has focused in the financial institutions and
telecommunications arenas.

In addition to advising on private equity deals and public
listings, he has been involved in telecom licensing and M&A
transactions covering assets in twenty three emerging and
developing countries. Mr. Mutawi has also advised on a number of
high profile insolvencies and restructurings often involving
regulatory matters and complex cross-border disputes. Mr. Mutawi is
fluent in Arabic and English.

Mr. Mutawi may be reached at:

         Abdullah Mutawi, Esq.
         BAKER BOTTS L.L.P.
         Emaar Square, Building 6, 7th Floor
         P.O. Box 23425
         Dubai, UAE
         Tel: +971.4.436.3600
         Fax: +971.4.436.3700
         Email: abdullah.mutawi@bakerbotts.com

Lucas Pitts - Partner

Mr. Pitts is a noted International Dispute Resolution lawyer with
experience in the U.A.E, Saudi Arabia, the United States, Africa
and Europe. He has advised on disputes related to
telecommunications, banking, insolvency, fraud, breach of fiduciary
duty and aviation.

Mr. Pitts has significant experience advising on cases under the
ICC, GCC Commercial Center, Civil Procedures Rules of English
Court, LCIA and DCIA arbitrations proceedings under the 1996
Arbitration Act and Oman Arbitration Act.

Mr. Pitts may be reached at:

         Lucas Pitts, Esq.
         BAKER BOTTS L.L.P.
         Emaar Square, Building 6, 7th Floor
         P.O. Box 23425
         Dubai, UAE
         Tel: +971.4.436.3640
         Fax: +971.4.436.3740
         Email: lucas.pitts@bakerbotts.com

"Both Lucas and Abdullah are outstanding and well known lawyers in
the Middle East, and their addition to our team will continue to
add value for our clients while increasing the depth and breadth of
services which we can offer from our Dubai office," said John
Lonsberg, Partner In Charge of the Dubai Office.

                   About Baker Botts L.L.P.

Baker Botts is an international law firm of approximately 725
lawyers practicing throughout a network of 14 offices around the
globe. Based on our experience and knowledge of our clients'
industries, we are recognized as a leading firm in the energy,
technology and life sciences sectors. Throughout our 175-year
history, we have provided creative and effective legal solutions
for our clients while demonstrating an unrelenting commitment to
excellence. For more information, please visit BakerBotts.com.


[*] Connecticut Bankruptcy Judge Albert Dabrowski Retires
---------------------------------------------------------
Patrick R. Linsey at The Connecticut Law Tribune reports that
Albert Dabrowski, after 22 years, has retired as U.S. Bankruptcy
Court judge in Connecticut in March.  The report says that on April
20, Connecticut's bankruptcy bar will honor him by unveiling his
official portrait at a ceremony in Hartford.


[*] North Las Vegas Mayor Backs Bankr. Power for Cities, Counties
-----------------------------------------------------------------
Sean Whaley, writing for Las Vegas Review-Journal, reported that a
bill that would permit Nevada cities and counties to file for
Chapter 9 bankruptcy protection was endorsed by North Las Vegas
Mayor John Lee.

According to the report, Senate Bill 475, which was heard by the
Senate Government Affairs Committee, would allow the bankruptcy if
the state Tax Commission found that a severe financial emergency
existed and was expected to last at least three years.  It would
also require such a bankruptcy petition to be reviewed and approved
by the governor and attorney general before it could be filed, the
report related.


[*] Polsinelli Adds Two Senior Fin'l Restructuring Atttorneys
-------------------------------------------------------------
Polsinelli on April 2 welcomed David L. Barrack to the firm as
shareholder focusing on complex bankruptcy restructuring and
litigation for clients, and Jeremy R. Johnson joined as shareholder
advising clients on restructuring and distressed debt matters.  

Both Barrack and Johnson will serve clients nationally from the New
York office of Polsinelli, which has a solid reputation, and
history of success in business loan workouts, Chapter 11
reorganization, and out-of-court restructurings.  Together, they
bring to clients more than 40 years of combined experience and
sophisticated business and legal skills.

Barrack brings a wealth of experience in distressed debt, corporate
restructuring, workouts, bankruptcy and insolvency, asset recovery,
and many more. He regularly serves as lead transactional and
litigation counsel, and counsels clients with respect to fiduciary
duties, director and officer liability and fraudulent conveyance
issues. He represents debtors, creditors and equity committees,
investors, bondholders, secured and unsecured creditors as well as
purchasers and sellers of assets in bankruptcy cases. He has
represented clients in various industries including: healthcare,
energy, finance, environmental management, real estate, shipping,
manufacturing,  retail, Bio and High Tech.

"After meeting with Polsinelli senior management I was very
impressed, liked the culture and wanted to be a part of the firm,"
said Barrack, from the firm’s New York office. "Polsinelli’s
broad reach and business approach align with my practice and I look
forward to collaborating with fellow attorneys who are like-minded
and strive for the best possible solution for clients."

Barrack is a Fellow of the American Bar Foundation and a member of
the American Bankruptcy Institute. He earned his law degree, magna
cum laude, from the Western New England School of Law and his B.A.
in Economics and Political Science from the State University of New
York at New Platz. He is committed to pro bono work as a member of
the New York Bankruptcy Pro Bono Panel.

Johnson provides clients with business-oriented legal guidance
addressing their financial restructuring and insolvency issues. His
financial restructuring practice focuses on representing distressed
companies requiring corporate or debt restructuring, debtors in
Chapter 11 bankruptcy cases (reorganizations and liquidations),
strategic and financial acquirers of distressed assets through
section 363 asset sales or plans, and individual creditors or
committees in bankruptcy proceedings.  He has experience across
several types of industries but is especially focused on distressed
healthcare.  

"My practice aligns well with Polsinelli’s business model," said
Johnson. "I’m very excited to be here and look forward to working
with my colleagues here in New York and nationally."

Johnson earned his law degree from the Boston University School of
Law, where he was the editor of the American Journal of Law &
Medicine, and his B.A. from the University of Iowa. He is also a
member of the turnaround Management Association, American
Bankruptcy Institute, and New York Institute of Credit.

Both attorneys join Polsinelli at an exciting time. For six years,
The American Lawyer Magazine ranked Polsinelli as the
fastest-growing law firm in America.  New York has been part of
that growth. Newly expanded and relocated in 2013, Polsinelli
attorneys in New York work in financial services, real estate
finance, and other commercial real estate, bankruptcy, and
intellectual property litigation, offering the experience and
insight clients need to keep pace with ever-changing markets.

Mr. Barrack may be reached at:

         David L. Barrack, Esq.
         POLSINELLI
         900 Third Avenue
         21st Floor
         New York, NY 10022
         Tel: (646) 289.6517
         Email: dbarrack@polsinelli.com

Mr. Johnson may be reached at:

         Jeremy R. Johnson, Esq.
         POLSINELLI
         900 Third Avenue
         21st Floor
         New York, NY 10022
         Tel: (646) 289-6507
         Email: jeremy.johnson@polsinelli.com

For more information contact Public Relations Manager Heather
McMichael, 816-223-8780, hmcmichael@polsinelli.com

                 About Polsinelli

Polsinelli is a first generation Am Law 100 firm, serving
corporations, institutions, entrepreneurs and individuals
nationally.  Our attorneys successfully build enduring client
relationships by providing practical legal counsel infused with
business insight, and with a passion for understanding how to
assist General Counsel and CEOs achieve their legal objectives.
Polsinelli is ranked 18th in number of U.S. partners* and has more
than 740 attorneys in 19 offices.  Polsinelli was profiled in the
June 2013 issue of The American Lawyer as the fastest-growing law
firm in America over a five-year period and has maintained this
position. The firm focuses on healthcare, financial services, real
estate, life sciences and technology, energy and business
litigation, and has depth of experience in 100 service areas and 70
industries.  The firm can be found online at www.polsinelli.com.
Polsinelli PC. In California, Polsinelli LLP.


[^] Large Companies With Insolvent Balance Sheet
------------------------------------------------
                                                Total
                                               Share-       Total
                                    Total    Holders'     Working
                                   Assets      Equity     Capital
  Company         Ticker             ($MM)       ($MM)       ($MM)
  -------         ------           ------    --------     -------
ABSOLUTE SOFTWRE  ABT CN            138.6       (11.0)       (2.4)
ABSOLUTE SOFTWRE  OU1 GR            138.6       (11.0)       (2.4)
ABSOLUTE SOFTWRE  ALSWF US          138.6       (11.0)       (2.4)
ACCRETIVE HEALTH  ACHI US           510.0       (85.6)      (17.7)
ACCRETIVE HEALTH  6HL GR            510.0       (85.6)      (17.7)
ADVANCED EMISSIO  OXQ1 GR           106.4       (46.1)      (15.3)
ADVANCED EMISSIO  ADES US           106.4       (46.1)      (15.3)
ADVENT SOFTWARE   AXQ GR            434.9       (64.8)     (122.0)
ADVENT SOFTWARE   ADVS US           434.9       (64.8)     (122.0)
AIR CANADA        ACDVF US       10,648.0    (1,133.0)      (59.0)
AIR CANADA        ADH2 GR        10,648.0    (1,133.0)      (59.0)
AIR CANADA        ACEUR EU       10,648.0    (1,133.0)      (59.0)
AIR CANADA        ADH2 TH        10,648.0    (1,133.0)      (59.0)
AIR CANADA        AC CN          10,648.0    (1,133.0)      (59.0)
AK STEEL HLDG     AK2 GR          4,858.5       (77.0)      900.5
AK STEEL HLDG     AK2 TH          4,858.5       (77.0)      900.5
AK STEEL HLDG     AKS* MM         4,858.5       (77.0)      900.5
AK STEEL HLDG     AKS US          4,858.5       (77.0)      900.5
ALLIANCE HEALTHC  AIQ US            500.9      (111.5)       53.5
AMC NETWORKS-A    AMCX US         3,976.6      (147.3)      597.4
AMC NETWORKS-A    AMCX* MM        3,976.6      (147.3)      597.4
AMC NETWORKS-A    9AC GR          3,976.6      (147.3)      597.4
AMER RESTAUR-LP   ICTPU US           33.5        (4.0)       (6.2)
AMYLIN PHARMACEU  AMLN US         1,998.7       (42.4)      263.0
ANGIE'S LIST INC  8AL GR            154.5       (22.2)      (13.3)
ANGIE'S LIST INC  8AL TH            154.5       (22.2)      (13.3)
ANGIE'S LIST INC  ANGI US           154.5       (22.2)      (13.3)
ARRAY BIOPHARMA   ARRY US           163.6       (13.9)       82.8
ARRAY BIOPHARMA   AR2 GR            163.6       (13.9)       82.8
ARRAY BIOPHARMA   AR2 TH            163.6       (13.9)       82.8
AUTOZONE INC      AZO US          7,950.0    (1,468.7)     (709.5)
AUTOZONE INC      AZ5 TH          7,950.0    (1,468.7)     (709.5)
AUTOZONE INC      AZOEUR EU       7,950.0    (1,468.7)     (709.5)
AUTOZONE INC      AZ5 QT          7,950.0    (1,468.7)     (709.5)
AUTOZONE INC      AZ5 GR          7,950.0    (1,468.7)     (709.5)
AVID TECHNOLOGY   AVID US           191.6      (341.1)     (157.2)
BENEFITFOCUS INC  BNFT US           140.0       (42.8)       25.0
BENEFITFOCUS INC  BTF GR            140.0       (42.8)       25.0
BERRY PLASTICS G  BERY US         5,176.0       (93.0)      660.0
BERRY PLASTICS G  BP0 GR          5,176.0       (93.0)      660.0
BRP INC/CA-SUB V  DOO CN          2,347.9       (26.9)      291.8
BRP INC/CA-SUB V  B15A GR         2,347.9       (26.9)      291.8
BRP INC/CA-SUB V  BRPIF US        2,347.9       (26.9)      291.8
BURLINGTON STORE  BURL US         2,624.6       (66.0)       54.4
BURLINGTON STORE  BUI GR          2,624.6       (66.0)       54.4
CABLEVISION SY-A  CVY GR          6,765.2    (5,032.0)      180.5
CABLEVISION SY-A  CVC US          6,765.2    (5,032.0)      180.5
CABLEVISION-W/I   CVC-W US        6,765.2    (5,032.0)      180.5
CABLEVISION-W/I   8441293Q US     6,765.2    (5,032.0)      180.5
CADIZ INC         2ZC GR             68.2       (39.7)       14.9
CADIZ INC         CDZI US            68.2       (39.7)       14.9
CAESARS ENTERTAI  C08 GR         23,535.0    (4,742.0)  (14,607.0)
CAESARS ENTERTAI  CZR US         23,535.0    (4,742.0)  (14,607.0)
CASELLA WASTE     WA3 GR            661.8        (6.7)       (0.5)
CASELLA WASTE     CWST US           661.8        (6.7)       (0.5)
CENTENNIAL COMM   CYCL US         1,480.9      (925.9)      (52.1)
CHOICE HOTELS     CHH US            647.3      (428.8)      151.3
CHOICE HOTELS     CZH GR            647.3      (428.8)      151.3
CIENA CORP        CIE1 TH         2,056.2       (88.6)      902.8
CIENA CORP        CIE1 GR         2,056.2       (88.6)      902.8
CIENA CORP        CIEN TE         2,056.2       (88.6)      902.8
CIENA CORP        CIEN US         2,056.2       (88.6)      902.8
CINCINNATI BELL   CIB GR          1,819.7      (648.5)      (73.2)
CINCINNATI BELL   CBB US          1,819.7      (648.5)      (73.2)
CLEAR CHANNEL-A   C7C GR          6,362.4      (140.9)      362.1
CLEAR CHANNEL-A   CCO US          6,362.4      (140.9)      362.1
CLIFFS NATURAL R  CLF* MM         3,164.0    (1,734.3)      490.3
CLIFFS NATURAL R  CVA GR          3,164.0    (1,734.3)      490.3
CLIFFS NATURAL R  CLF US          3,164.0    (1,734.3)      490.3
CLIFFS NATURAL R  CVA TH          3,164.0    (1,734.3)      490.3
CLIFFS NATURAL R  CLF2EUR EU      3,164.0    (1,734.3)      490.3
COMVERSE INC      CM1 GR            649.6        (2.8)        4.3
COMVERSE INC      CNSI US           649.6        (2.8)        4.3
CONNECTURE INC    CNXR US            85.8       (67.7)      (55.8)
CONNECTURE INC    2U7 GR             85.8       (67.7)      (55.8)
CORCEPT THERA     CORT US            34.6        (3.4)       16.7
CORCEPT THERA     HTD GR             34.6        (3.4)       16.7
CORINDUS VASCULA  CVRS US             0.0        (0.0)       (0.0)
DIRECTV           DIG1 QT        25,459.0    (4,828.0)    1,860.0
DIRECTV           DTV US         25,459.0    (4,828.0)    1,860.0
DIRECTV           DTV CI         25,459.0    (4,828.0)    1,860.0
DIRECTV           DIG1 GR        25,459.0    (4,828.0)    1,860.0
DIRECTV           DTVEUR EU      25,459.0    (4,828.0)    1,860.0
DOMINO'S PIZZA    EZV GR            619.3    (1,219.5)      162.8
DOMINO'S PIZZA    DPZ US            619.3    (1,219.5)      162.8
DOMINO'S PIZZA    EZV TH            619.3    (1,219.5)      162.8
DUN & BRADSTREET  DNB1EUR EU      1,986.2    (1,194.6)     (223.0)
DUN & BRADSTREET  DB5 GR          1,986.2    (1,194.6)     (223.0)
DUN & BRADSTREET  DNB US          1,986.2    (1,194.6)     (223.0)
DURATA THERAPEUT  DRTXEUR EU         82.1       (16.1)       11.7
DURATA THERAPEUT  DTA GR             82.1       (16.1)       11.7
DURATA THERAPEUT  DRTX US            82.1       (16.1)       11.7
EDGEN GROUP INC   EDG US            883.8        (0.8)      409.2
EMPIRE RESORTS I  NYNY US            39.9       (17.1)        3.2
EMPIRE RESORTS I  LHC1 GR            39.9       (17.1)        3.2
ENTELLUS MEDICAL  ENTL US            14.0        (8.0)        4.8
ENTELLUS MEDICAL  29E GR             14.0        (8.0)        4.8
EOS PETRO INC     EOPT US             1.4       (20.5)      (21.7)
EXELIXIS INC      EXEL US           328.0      (114.8)       (4.6)
EXTENDICARE INC   EXE CN          1,915.3        (2.5)       47.1
EXTENDICARE INC   EXETF US        1,915.3        (2.5)       47.1
FAIRPOINT COMMUN  FONN GR         1,466.0      (600.3)       (5.0)
FAIRPOINT COMMUN  FRP US          1,466.0      (600.3)       (5.0)
FAIRWAY GROUP HO  FWM US            372.2       (16.5)       17.9
FAIRWAY GROUP HO  FGWA GR           372.2       (16.5)       17.9
FERRELLGAS-LP     FEG GR          1,747.0      (128.0)       (6.4)
FERRELLGAS-LP     FGP US          1,747.0      (128.0)       (6.4)
FREESCALE SEMICO  FSL US          3,275.0    (3,581.0)    1,324.0
FREESCALE SEMICO  1FS TH          3,275.0    (3,581.0)    1,324.0
FREESCALE SEMICO  FSLEUR EU       3,275.0    (3,581.0)    1,324.0
FREESCALE SEMICO  1FS GR          3,275.0    (3,581.0)    1,324.0
FUELSTREAM INC    S4HF GR             0.1        (6.4)       (6.4)
GAMING AND LEISU  GLPI US         2,564.6      (124.7)       12.7
GAMING AND LEISU  2GL GR          2,564.6      (124.7)       12.7
GARDA WRLD -CL A  GW CN           1,356.8      (243.8)       57.4
GENCORP INC       GCY TH          1,911.7      (126.4)      109.8
GENCORP INC       GCY GR          1,911.7      (126.4)      109.8
GENCORP INC       GY US           1,911.7      (126.4)      109.8
GENTIVA HEALTH    GHT GR          1,225.2      (285.2)      130.0
GENTIVA HEALTH    GTIV US         1,225.2      (285.2)      130.0
GLG PARTNERS INC  GLG US            400.0      (285.6)      156.9
GLG PARTNERS-UTS  GLG/U US          400.0      (285.6)      156.9
GOLD RESERVE INC  GOD GR             28.0       (10.5)        4.9
GOLD RESERVE INC  GDRZF US           28.0       (10.5)        4.9
GOLD RESERVE INC  GRZ CN             28.0       (10.5)        4.9
GOODRICH PETRO    GDP US            722.1       (15.8)      (79.4)
GOODRICH PETRO    GXR GR            722.1       (15.8)      (79.4)
GRAHAM PACKAGING  GRM US          2,947.5      (520.8)      298.5
GYMBOREE CORP/TH  GYMB US         1,284.0      (321.3)       39.5
HCA HOLDINGS INC  2BH TH         31,199.0    (6,498.0)    3,450.0
HCA HOLDINGS INC  HCA US         31,199.0    (6,498.0)    3,450.0
HCA HOLDINGS INC  2BH GR         31,199.0    (6,498.0)    3,450.0
HD SUPPLY HOLDIN  HDS US          6,060.0      (760.0)    1,163.0
HD SUPPLY HOLDIN  5HD GR          6,060.0      (760.0)    1,163.0
HERBALIFE LTD     HLF US          2,374.9      (334.4)      518.6
HERBALIFE LTD     HOO GR          2,374.9      (334.4)      518.6
HERBALIFE LTD     HLFEUR EU       2,374.9      (334.4)      518.6
HERBALIFE LTD     HOO QT          2,374.9      (334.4)      518.6
HOVNANIAN ENT-A   HOV US          2,461.4      (130.0)    1,608.3
HOVNANIAN ENT-A   HO3 GR          2,461.4      (130.0)    1,608.3
HOVNANIAN ENT-B   HOVVB US        2,461.4      (130.0)    1,608.3
HOVNANIAN-A-WI    HOV-W US        2,461.4      (130.0)    1,608.3
HUGHES TELEMATIC  HUTCU US          110.2      (101.6)     (113.8)
IHEARTMEDIA INC   IHRT US        14,040.2    (9,665.2)      815.9
INCYTE CORP       ICY TH            830.1       (81.6)      477.7
INCYTE CORP       INCY US           830.1       (81.6)      477.7
INCYTE CORP       INCYEUR EU        830.1       (81.6)      477.7
INCYTE CORP       ICY GR            830.1       (81.6)      477.7
INFOR US INC      LWSN US         6,778.1      (460.0)     (305.9)
INOVALON HOLDI-A  IOV TH            342.6        (8.2)      168.2
INOVALON HOLDI-A  INOV US           342.6        (8.2)      168.2
INOVALON HOLDI-A  IOV GR            342.6        (8.2)      168.2
INOVALON HOLDI-A  INOVEUR EU        342.6        (8.2)      168.2
IPCS INC          IPCS US           559.2       (33.0)       72.1
ISTA PHARMACEUTI  ISTA US           124.7       (64.8)        2.2
JUST ENERGY GROU  1JE GR          1,205.7      (539.0)     (119.7)
JUST ENERGY GROU  JE US           1,205.7      (539.0)     (119.7)
JUST ENERGY GROU  JE CN           1,205.7      (539.0)     (119.7)
LEAP WIRELESS     LWI GR          4,662.9      (125.1)      346.9
LEAP WIRELESS     LEAP US         4,662.9      (125.1)      346.9
LEAP WIRELESS     LWI TH          4,662.9      (125.1)      346.9
LEE ENTERPRISES   LEE US            809.3      (167.5)      (12.4)
LORILLARD INC     LLV GR          3,508.0    (2,182.0)    1,051.0
LORILLARD INC     LO US           3,508.0    (2,182.0)    1,051.0
LORILLARD INC     LLV TH          3,508.0    (2,182.0)    1,051.0
MANNKIND CORP     MNKD US           394.4       (73.8)     (202.2)
MANNKIND CORP     NNF1 TH           394.4       (73.8)     (202.2)
MANNKIND CORP     NNF1 GR           394.4       (73.8)     (202.2)
MARRIOTT INTL-A   MAQ QT          6,865.0    (2,200.0)   (1,139.0)
MARRIOTT INTL-A   MAQ TH          6,865.0    (2,200.0)   (1,139.0)
MARRIOTT INTL-A   MAR US          6,865.0    (2,200.0)   (1,139.0)
MARRIOTT INTL-A   MAQ GR          6,865.0    (2,200.0)   (1,139.0)
MDC COMM-W/I      MDZ/W CN        1,648.9      (153.6)     (269.3)
MDC PARTNERS-A    MD7A GR         1,648.9      (153.6)     (269.3)
MDC PARTNERS-A    MDZ/A CN        1,648.9      (153.6)     (269.3)
MDC PARTNERS-A    MDCA US         1,648.9      (153.6)     (269.3)
MDC PARTNERS-EXC  MDZ/N CN        1,648.9      (153.6)     (269.3)
MERITOR INC       AID1 GR         2,346.0      (576.0)      268.0
MERITOR INC       MTOR US         2,346.0      (576.0)      268.0
MERRIMACK PHARMA  MACK US           158.7      (102.1)       21.0
MERRIMACK PHARMA  MP6 GR            158.7      (102.1)       21.0
MICHAELS COS INC  MIK US          2,005.0    (2,111.0)      572.0
MICHAELS COS INC  MIM GR          2,005.0    (2,111.0)      572.0
MONEYGRAM INTERN  MGI US          4,642.2      (182.7)       48.5
MORGANS HOTEL GR  M1U GR            551.2      (227.4)       38.5
MORGANS HOTEL GR  MHGC US           551.2      (227.4)       38.5
MOXIAN CHINA INC  MOXC US             4.9        (1.2)       (4.0)
MPG OFFICE TRUST  1052394D US     1,280.0      (437.3)        -
NATIONAL CINEMED  NCMI US           991.4      (208.7)       65.2
NATIONAL CINEMED  XWM GR            991.4      (208.7)       65.2
NAVISTAR INTL     IHR GR          6,785.0    (4,688.0)      844.0
NAVISTAR INTL     IHR TH          6,785.0    (4,688.0)      844.0
NAVISTAR INTL     NAV US          6,785.0    (4,688.0)      844.0
NEFF CORP-CL A    NEFF US           611.4      (206.1)       10.0
NORTHWEST BIO     NBYA GR            58.4       (35.0)      (54.2)
NORTHWEST BIO     NWBO US            58.4       (35.0)      (54.2)
OCATA THERAPEUTI  OCAT US             5.7        (2.7)       (0.9)
OCATA THERAPEUTI  T2N1 GR             5.7        (2.7)       (0.9)
OMEROS CORP       OMER US            11.1       (42.7)       (9.3)
OMEROS CORP       3O8 GR             11.1       (42.7)       (9.3)
OMTHERA PHARMACE  OMTH US            18.3        (8.5)      (12.0)
PALM INC          PALM US         1,007.2        (6.2)      141.7
PATRIOT NATIONAL  PN US             142.1       (28.3)      (30.0)
PBF LOGISTICS LP  PBFX US           394.0      (120.3)       21.8
PBF LOGISTICS LP  11P GR            394.0      (120.3)       21.8
PHILIP MORRIS IN  PM1EUR EU      35,187.0   (11,203.0)      372.0
PHILIP MORRIS IN  PM1 TE         35,187.0   (11,203.0)      372.0
PHILIP MORRIS IN  4I1 TH         35,187.0   (11,203.0)      372.0
PHILIP MORRIS IN  4I1 GR         35,187.0   (11,203.0)      372.0
PHILIP MORRIS IN  4I1 QT         35,187.0   (11,203.0)      372.0
PHILIP MORRIS IN  PM1CHF EU      35,187.0   (11,203.0)      372.0
PHILIP MORRIS IN  PM FP          35,187.0   (11,203.0)      372.0
PHILIP MORRIS IN  PMI SW         35,187.0   (11,203.0)      372.0
PHILIP MORRIS IN  PM US          35,187.0   (11,203.0)      372.0
PLAYBOY ENTERP-A  PLA/A US          165.8       (54.4)      (16.9)
PLAYBOY ENTERP-B  PLA US            165.8       (54.4)      (16.9)
PLY GEM HOLDINGS  PG6 GR          1,254.6       (96.7)      204.5
PLY GEM HOLDINGS  PGEM US         1,254.6       (96.7)      204.5
POLYMER GROUP IN  POLGA US        2,035.2       (23.8)      315.1
POLYMER GROUP-B   POLGB US        2,035.2       (23.8)      315.1
PROTECTION ONE    PONE US           562.9       (61.8)       (7.6)
PUREBASE CORP     PUBC US             0.0        (0.0)       (0.0)
QUALITY DISTRIBU  QDZ GR            427.8       (31.7)      115.0
QUALITY DISTRIBU  QLTY US           427.8       (31.7)      115.0
QUINTILES TRANSN  Q US            3,305.8      (704.0)      674.2
QUINTILES TRANSN  QTS GR          3,305.8      (704.0)      674.2
RAYONIER ADV      RYAM US         1,303.9       (62.4)      188.5
RAYONIER ADV      RYQ GR          1,303.9       (62.4)      188.5
REGAL ENTERTAI-A  RETA GR         2,539.5      (897.3)     (135.6)
REGAL ENTERTAI-A  RGC US          2,539.5      (897.3)     (135.6)
REGAL ENTERTAI-A  RGC* MM         2,539.5      (897.3)     (135.6)
RENAISSANCE LEA   RLRN US            57.0       (28.2)      (31.4)
RENTPATH INC      PRM US            208.0       (91.7)        3.6
RETROPHIN INC     RTRX US           135.5       (37.3)      (70.2)
RETROPHIN INC     17R GR            135.5       (37.3)      (70.2)
REVLON INC-A      RVL1 GR         1,944.1      (644.1)      308.9
REVLON INC-A      REV US          1,944.1      (644.1)      308.9
ROUNDY'S INC      4R1 GR          1,119.4       (86.4)       75.2
ROUNDY'S INC      RNDY US         1,119.4       (86.4)       75.2
RURAL/METRO CORP  RURL US           303.7       (92.1)       72.4
RYERSON HOLDING   RYI US          1,976.9      (125.9)      739.2
RYERSON HOLDING   7RY GR          1,976.9      (125.9)      739.2
RYERSON HOLDING   7RY TH          1,976.9      (125.9)      739.2
SALLY BEAUTY HOL  S7V GR          2,097.0      (255.6)      753.8
SALLY BEAUTY HOL  SBH US          2,097.0      (255.6)      753.8
SBA COMM CORP-A   SBACEUR EU      7,841.1      (660.8)       (4.2)
SBA COMM CORP-A   SBJ TH          7,841.1      (660.8)       (4.2)
SBA COMM CORP-A   SBJ QT          7,841.1      (660.8)       (4.2)
SBA COMM CORP-A   SBJ GR          7,841.1      (660.8)       (4.2)
SBA COMM CORP-A   SBAC US         7,841.1      (660.8)       (4.2)
SEARS HOLDINGS    SHLD US        13,209.0      (945.0)     (213.0)
SEARS HOLDINGS    SEE TH         13,209.0      (945.0)     (213.0)
SEARS HOLDINGS    SEE GR         13,209.0      (945.0)     (213.0)
SEQUENOM INC      SQNM US           161.1       (31.2)       65.7
SEQUENOM INC      QNMA TH           161.1       (31.2)       65.7
SEQUENOM INC      SQNMEUR EU        161.1       (31.2)       65.7
SEQUENOM INC      QNMA GR           161.1       (31.2)       65.7
SILVER SPRING NE  SSNI US           548.2      (133.8)       78.4
SILVER SPRING NE  9SI GR            548.2      (133.8)       78.4
SILVER SPRING NE  9SI TH            548.2      (133.8)       78.4
SIRIUS XM CANADA  XSR CN            298.2      (128.5)     (173.7)
SIRIUS XM CANADA  SIICF US          298.2      (128.5)     (173.7)
SONIC CORP        SONCEUR EU        625.8        (0.3)       13.7
SONIC CORP        SONC US           625.8        (0.3)       13.7
SONIC CORP        SO4 GR            625.8        (0.3)       13.7
SPORTSMAN'S WARE  SPWH US           270.7       (31.3)       86.4
SPORTSMAN'S WARE  06S GR            270.7       (31.3)       86.4
SUPERVALU INC     SVU US          5,078.0      (647.0)      277.0
SUPERVALU INC     SJ1 TH          5,078.0      (647.0)      277.0
SUPERVALU INC     SJ1 GR          5,078.0      (647.0)      277.0
SYNERGY PHARMACE  SGYP GR           213.3        (5.2)      181.9
SYNERGY PHARMACE  SGYPEUR EU        213.3        (5.2)      181.9
SYNERGY PHARMACE  SGYP US           213.3        (5.2)      181.9
THERAVANCE        THRX US           521.7      (223.3)      238.4
THERAVANCE        HVE GR            521.7      (223.3)      238.4
THRESHOLD PHARMA  THLD US            68.4       (24.0)       40.7
THRESHOLD PHARMA  NZW1 GR            68.4       (24.0)       40.7
TOWN SPORTS INTE  T3D GR            409.8      (118.1)       52.3
TOWN SPORTS INTE  CLUB US           409.8      (118.1)       52.3
TRANSDIGM GROUP   T7D GR          6,913.6    (1,464.7)    1,231.3
TRANSDIGM GROUP   TDG US          6,913.6    (1,464.7)    1,231.3
TRINET GROUP INC  TNET US         2,347.8       (25.8)       55.6
TRINET GROUP INC  TN3 GR          2,347.8       (25.8)       55.6
TRINET GROUP INC  TN3 TH          2,347.8       (25.8)       55.6
TRINET GROUP INC  TNETEUR EU      2,347.8       (25.8)       55.6
UNILIFE CORP      4UL TH             86.4       (19.9)        2.4
UNILIFE CORP      UNIS US            86.4       (19.9)        2.4
UNILIFE CORP      4UL GR             86.4       (19.9)        2.4
UNISYS CORP       UIS US          2,348.7    (1,452.4)      319.6
UNISYS CORP       UIS1 SW         2,348.7    (1,452.4)      319.6
UNISYS CORP       UISCHF EU       2,348.7    (1,452.4)      319.6
UNISYS CORP       USY1 TH         2,348.7    (1,452.4)      319.6
UNISYS CORP       USY1 GR         2,348.7    (1,452.4)      319.6
UNISYS CORP       UISEUR EU       2,348.7    (1,452.4)      319.6
VALMIE RESOURCES  VMRI US             0.0        (0.2)       (0.1)
VAPIR ENTERPRISE  VAPI US             0.7        (0.0)       (0.4)
VENOCO INC        VQ US             756.5      (100.0)     (762.9)
VERISIGN INC      VRS GR          2,154.9      (883.5)     (429.9)
VERISIGN INC      VRS TH          2,154.9      (883.5)     (429.9)
VERISIGN INC      VRSN US         2,154.9      (883.5)     (429.9)
VERIZON TELEMATI  HUTC US           110.2      (101.6)     (113.8)
VIRGIN MOBILE-A   VM US             307.4      (244.2)     (138.3)
WEIGHT WATCHERS   WW6 GR          1,515.2    (1,384.3)       50.7
WEIGHT WATCHERS   WTWEUR EU       1,515.2    (1,384.3)       50.7
WEIGHT WATCHERS   WW6 TH          1,515.2    (1,384.3)       50.7
WEIGHT WATCHERS   WTW US          1,515.2    (1,384.3)       50.7
WEIGHT WATCHERS   WW6 QT          1,515.2    (1,384.3)       50.7
WEST CORP         WSTC US         3,818.1      (659.6)      369.8
WEST CORP         WT2 GR          3,818.1      (659.6)      369.8
WESTERN REFINING  WNRL US           378.3       (27.1)       50.1
WESTERN REFINING  WR2 GR            378.3       (27.1)       50.1
WESTMORELAND COA  WLB US          1,829.6      (349.4)      (13.1)
WESTMORELAND COA  WME GR          1,829.6      (349.4)      (13.1)
WESTMORELAND RES  WMLP US           204.0       (14.2)      (57.7)
WESTMORELAND RES  2OR1 GR           204.0       (14.2)      (57.7)
XERIUM TECHNOLOG  TXRN GR           594.0       (74.1)       97.7
XERIUM TECHNOLOG  XRM US            594.0       (74.1)       97.7
YRC WORLDWIDE IN  YEL1 TH         1,985.0      (474.3)      148.2
YRC WORLDWIDE IN  YEL1 GR         1,985.0      (474.3)      148.2
YRC WORLDWIDE IN  YRCW US         1,985.0      (474.3)      148.2


                            *********

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 ***