TCR_Public/150422.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, April 22, 2015, Vol. 19, No. 112

                            Headlines

ADVANCED MICRO DEVICES: Loss Widens as Revenue Slumps
ADVANCED MICRO: S&P Lowers CCR to 'B-' on Revenue Decline
AEREO INC: Reaches $950K Deal With Broadcasters
ALLIED NEVADA: Hires Akin Gump as Co-counsel
ALLIED NEVADA: Hires Blank Rome as Co-counsel

ALLIED NEVADA: Hires Moelis & Company as Financial Advisor
ALLIED NEVADA: Proposes Clover-Led Auction for Assets
ALLIED NEVADA: Taps Prime Clerk as Administrative Advisor
AMERIGO INC: Case Summary & 14 Largest Unsecured Creditors
AMR CORP: Bid For $310M Stockholders Payout Denied

APPLEGATE FARMS: Voluntary Chapter 11 Case Summary
AURORA DIAGNOSTICS: S&P Puts 'CCC+' CCR on CreditWatch Negative
AUXILIUM PHARMACEUTICALS: S&P Ups to B+ Then Withdraws CCR
BAPTIST HOME OF PHILADELPHIA: Court Confirms Reorganization Plan
CACHE INC: Wins Reprieve From Bid to Convert Case to Ch. 7

CAL DIVE: Files Revised Proposed Final Order for DIP Financing
CAL DIVE: Wins Judge Nod for $120 Million DIP Loan
CANDAX ENERGY: Has 120 Days to Comply with TSX Listing Rules
CASA EN DENVER: Proposes to Pay $16.5K to Critical Vendor
CASA EN DENVER: Wants to Employ Tripp Scott as Counsel

CASA EN DENVER: Wants to Use Bank of Commerce Cash Collateral
CHRIST HOSPITAL: Medicare Overpays as Hospital Prices Rise
CHRYSLER LLC: Judge Frees TRW of Steering Defect Liability
COMMACK HOSPITALITY: Reorganization Plan Declared Effective
CROSBY NATIONAL: Section 341(a) Meeting Set for June 12

DAEGIS INC: Receives NASDAQ Listing Non-Compliance Notice
DAMON'S GRILL: To Exit Ch. 11 After Sale to Unique Ventures
DENDREON CORP: Buyers Fight Shareholders' Bid to Stay Sale
DENDREON CORP: Liquidation Plan Goes to June 2 Confirmation Hearing
DIGITAL RIVER: S&P Assigns 'B-' CCR; Outlook Stable

DVORKIN HOLDINGS: ColFin Appeals Lombard Purchase Approval
FREDERICK'S OF HOLLYWOOD: Proposes $11MM of DIP Financing
FREDERICK'S OF HOLLYWOOD: Proposes ABG-Led Sale Process
FREDERICK'S OF HOLLYWOOD: Wants to Pay $1.4MM for Vendor Claims
FREDERICK'S OF HOLLYWOOD: Yand.com Comments on Store Closings

FRESH PRODUCE: Seeks to Use Wells Fargo Cash Collateral
GASFRAC ENERGY: Some Proceeds Set Aside for Ad Valorem Taxes
GENARO'S CORPORATION: Case Summary & 15 Top Unsecured Creditors
GENERAL MOTORS: 2nd Circ. Rejects JPMorgan Rehearing Bid
HEI INC: Amends Schedules of Assets and Liabilities

HORIZON PHARMA: S&P Assigns ‘B’ CCR, Outlook Stable
INTERNATIONAL AUTOMOTIVE: S&P Cuts Corp. Credit Rating to ‘B’
JPH LAS VEGAS: Court to Consider NHI's Lift Stay Motion Today
KARMALOOP INC: Gets Nod For Ch. 11 Sale Plan With May Auction
KIOR INC: Bid for $14MM in Add'l Loans Facing Objections

LEVI STRAUSS: S&P Assigns BB Rating to $475MM Unsecured Notes
LIGHTSQUARED INC: Losses Since Bankruptcy Top $2 Billion
LONGVIEW POWER: Files Supplements to 2nd Amended Plan
MUNDY RANCH: Directed to Comply with Plan and Pay Rabo
NAARTJIE CUSTOM: Wants Exclusive Right to File Plan Until June 9

NATIONAL AGGREGATES: Voluntary Chapter 11 Case Summary
NII HOLDINGS: Files Black-lined Copy of Amended Plan
NII HOLDINGS: June 3 Hearing on New Plan Support Agreement
NORTH AMERICAN PALLADIUM: Gets NYSE Listing Non-Compliance Notice
OCWEN FINANCIAL: S&P Puts 'B' Issuer Credit Rating on Watch Neg.

OPTIM ENERGY: Blackstone Unit Objects to Bankruptcy-Exit Plan
OPTIM ENERGY: Wants May 27, 2015 Administrative Claims Bar Date
OPTIMAS OE: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
ORLANDO GATEWAY: Case Summary & Largest Unsecured Creditors
PETERSBURG REGENCY: Case Summary & 13 Largest Unsecured Creditors

PREMIER GOLF: Files Schedules of Assets and Liabilities
PRISO ACQUISITION: S&P Assigns 'B' CCR, Outlook Stable
PROSPECT PARK: May 19 Hearing on Fifth Exclusivity Extension
PUERTO RICO ELECTRIC: OFG to Take Provision on Credit Line
QUICKSILVER RESOURCES: Creditors Move to Block Cash Pact Payments

RADIOSHACK CORP: Committee Taps Whiteford Taylor as Del. Counsel
RADIOSHACK CORP: Texas Presses on Plan to Auction Customer Data
RESOLUTE ENERGY: S&P Alters Outlook to Neg. & Affirms B- CCR
REVEL AC: Deal Unlikely in Casino Power Struggle, Owner Says
REVEL AC: Generators Need to Be Replaced by Cleaner Ones

Richards Kibbe & Orbe's Sambur Among Law360's 2015 Rising Stars
ROADMARK CORP: Okayed to Make Payments to World Omni
ROADMARK CORP: Wants to Ink Premium Finance Agreement with IPFS
ROADMARK CORP: Wants Umbrella Agreement with Premium Approved
SIGA TECHNOLOGIES: Wants Financial Advisor's Fee Claims Nixed

SIMPLY FASHION: KapilaMukamal Providing CRO
SIMPLY FASHION: Proposes Berger Singerman as General Counsel
SIMPLY FASHION: Proposes Prime Clerk as Noticing Agent
STANDARD REGISTER: Seeks Key Employee Incentive Plan Approval
STANDARD REGISTER: Wants to Pay $4.3M in Bonuses to Key Employees

T-L BRYWOOD: Has Access to Cash Collateral Until April 30
TALBOTS INC: S&P Lowers Corp. Credit Rating to 'B-'
TRI-VALLEY CORP: K&L Gates Asks Judge to Toss Class Suit
TRIBUNE CO: Creditors Ask 3rd Circ. for Appeal of $7-Bil. Plan
TRUMP ENTERTAINMENT: Wants Judge to Penalize Union Over Letters

TURNER GRAIN: Wants $16K Sale of Trailer to Brad Caviness
US AIRWAYS: Pilots Lost Millions From PBGC Inaction
US SHALE: S&P Lowers Corp. Credit Rating to CCC, Outlook Neg.
USA SYNTHETIC: Judge Approves Planned May Auction
WEBSENSE INC: S&P Puts Ratings on Watch Pos. After Raytheon Deal

[*] Ares Management to Acquire Loan Portfolio from First Capital
[*] BofA Can't Duck Credit Reporting Suit Over Canceled Debts
[*] Falling Oil Prices Trigger Layoffs
[*] Franklin Ciaccio Joins Dorsey's Restructuring Group in New York
[*] Otterbourg's Cyganowski Among NLJ's Outstanding Women Lawyers

[*] Today's Debt Tricks May Hurt Cities Later, Fed Boss Warns

                            *********

ADVANCED MICRO DEVICES: Loss Widens as Revenue Slumps
-----------------------------------------------------
Tess Stynes at Daily Bankruptcy Review reports that Advanced Micro
Devices Inc . said its first-quarter loss widened as revenue
slumped, and the company said it was exiting its dense server
systems business formerly known as SeaMicro, effective
immediately.

Shares fell 8% to $2.64 in recent after-hours trading on April 16,
as the loss excluding items was wider than analysts' feared and
revenue missed expectations.

                    About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc., is a
global semiconductor company.  The Company's products include x86
microprocessors and graphics.

For the year ended Dec. 27, 2014, the Company reported a net loss
of $403 million on $5.50 billion of net revenue compared to a net
loss of $83 million on $5.29 billion of net revenue for the year
ended Dec. 28, 2013.

As of Dec. 27, 2014, Advanced Micro had $3.76 billion in total
assets, $3.58 billion in total liabilities and $187 million in
total stockholders' equity.

                          *     *     *

In August 2013, Standard & Poor's Ratings Services revised its
outlook on Advanced Micro Devices to negative from stable.  At the
same time, S&P affirmed its 'B' corporate credit and senior
unsecured debt ratings on AMD.

As reported by the TCR on June 5, 2014, Fitch Ratings had upgraded
the long-term Issuer Default Rating (IDR) for AMD (NYSE: AMD) to
'B-' from 'CCC'.  The upgrade primarily reflects AMD's improved
financial flexibility from recent refinancing activity, which
extends meaningful debt maturities until 2019.

In the Feb. 4, 2013, edition of the TCR, Moody's Investors Service
lowered AMD's corporate family rating to 'B2' from 'B1'.  The
downgrade of the corporate family rating to 'B2' reflects AMD's
prospects for weaker operating performance and liquidity profile
over the next year as the company commences on a multi-quarter
strategic reorientation of its business in the face of a
challenging macro environment and a weak PC market.



ADVANCED MICRO: S&P Lowers CCR to 'B-' on Revenue Decline
---------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on Sunnyvale, Calif.-based Advanced Micro Devices
Inc. to B- from B. The outlook is stable.

At the same time, S&P lowered its issue-level ratings on AMD's
senior unsecured debt to B- from B and revised the recovery rating
to 4 from 3. S&P's 4 recovery rating reflects its expectation for
average (30%-50%; lower half of the range) recovery in the event of
a payment default.

"The downgrade reflects AMD's recently sharpened revenue declines,
weak industry conditions and intense competition from Intel in PC
markets, and the challenges it faces to grow in targeted
enterprise, embedded, and semi-custom product markets to offset PC
business declines," said Standard & Poor’s credit analyst John
Moore.

S&P said, "We expect the company will generate revenues, earnings,
and cash flow significantly below our prior expectations in 2015.
We expect AMD's revenues to decline by about 20% over 2015, in
contrast to our prior expectation for a 5% to 15% decline. We also
expect 2015 EBITDA margins at about 7%, below our prior 10%
expectation, and for weak to negative free cash flow, in contrast
to our prior expectation for free cash flow in excess of $50
million.  

"Our stable outlook reflects our expectation that the company will
maintain adequate liquidity over 2015, despite its operational
challenges.

"We could lower the rating were liquidity to weaken such that cash
balances declined to less than $500 million or the company's
business declines persist to the detriment of its liquidity."

Given the company's operational challenges, S&P currently views an
upgrade as unlikely. However, S&P could raise the rating were AMD
to grow and diversify its EESC businesses, such that it achieved a
more stable base to grow revenues and earnings, with less cash flow
volatility and free cash flow to debt sustained in the low- to
mid-single digits or higher.



AEREO INC: Reaches $950K Deal With Broadcasters
-----------------------------------------------
Sara Randazzo at the Daily Bankruptcy Review reports that a heated
copyright battle between broadcasters and TV-streaming service
Aereo Inc. that made its way to the U.S. Supreme Court has finally
come to an end in bankruptcy court, clearing the way for the
now-defunct company to finish repaying other creditors.

Aereo Inc, which went out of business in June following a Supreme
Court loss, has agreed to pay a group of major broadcasters
$950,000, according to a filing in U.S. Bankruptcy Court in New
York, the report notes.

The deal puts to rest a long-running dispute over the legality of
Aereo's business plan, which had allowed customers to stream and
record TV programs over the Internet, without paying royalties to
broadcasters, the report relates.

                         About Aereo Inc.

With headquarters in Boston, Massachusetts, Aereo, Inc., is a
technology company that provided subscribers with the ability to
watch live or "time-shifted" local over-the-air broadcast
television on Internet-connected devices, such as personal
computers, tablet devices, and "smartphones."   Aero provided to
each subscriber access, via the Internet, to individual remote or
micro-antennas and a cloud-based DVR, which were maintained by the
Debtor in facilities within the local market.

Aereo, Inc., sought Chapter 11 protection (Bankr. S.D.N.Y. Case
No. 14-13200) in Manhattan, New York, on Nov. 20, 2014.  The
Chapter 11 filing came five months after the U.S. Supreme Court
ruled the Debtor, with respect to live or contemporaneous
transmissions, was essentially performing as a traditional cable
system under the Copyright Act, and thus was violating
broadcasters' copyrights because it wasn't paying broadcasters any
fees.

The Debtor has tapped William R. Baldiga, Esq., at Brown Rudnick
LLP, in New York, as counsel.  The Debtors has also engaged Argus
Management Corp. to provide the services of Lawton W. Bloom as CRO
and Peter Sullivan and Scott Dicus as assistant restructuring
officers.  Prime Clerk LLC is the claims and notice agent.

The Debtor disclosed $22.2 million in assets and $2.78 million in
liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 2 appointed three creditors to serve
on
the official committee of unsecured creditors.  Stinson Leonard
Street LLP serves as the Committee's counsel.



ALLIED NEVADA: Hires Akin Gump as Co-counsel
--------------------------------------------
Allied Nevada Gold Corp., et al., seek authorization from the U.S.
Bankruptcy Court for the District of Delaware to employ  Akin Gump
Strauss Hauer & Feld LLP as co-counsel, nunc pro tunc to the March
10, 2015 petition date.

The Debtors require Akin Gump to:

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

       duties as debtors in possession in the continued operation
       of their business and the management of their properties;

   (b) advise the Debtors with respect to the conduct of these
       chapter 11 cases, including all of the legal and
       administrative requirements in chapter 11;

   (c) advise the Debtors and take all necessary or appropriate
       actions at the Debtors' direction with respect to
       protecting and preserving the Debtors' estates, including
       prosecuting actions on the Debtors' behalf, defending
       any action commenced against the Debtors and representing
       the Debtors in negotiations concerning litigation in which
       the Debtors are involved, including objections to claims
       filed against the Debtors' estates;

   (d) prepare filings in connection with these chapter 11 cases,
       Including motions, applications, answers, orders, reports
       and other papers necessary or otherwise beneficial to the
       administration of the Debtors' estates;

   (e) assist the Debtors in obtaining the Court's approval of the

       postpetition debtor in possession financing facility;

   (f) advise the Debtors in connection with any potential sale of

       assets;

   (g) appear before the Court and any other courts to represent
       the interests of the Debtors' estates before such courts;

   (h) advise the Debtors regarding tax matters;

   (i) attend meetings and represent the Debtors in negotiations
       with representatives of creditors and other parties in
       interest;

   (j) take any necessary or appropriate actions on behalf of the
       Debtors to obtain approval of the Debtors' disclosure
       statement and chapter 11 plan of reorganization and all
       documents related thereto; and

   (k) perform and advise the Debtors (as applicable) as to all
       other necessary legal services in connection with the
       chapter 11 cases, including, without limitation, (i)
       analyzing the Debtors' leases and contracts and assumptions
       and assignments or rejections thereof, (ii) analyzing the
       validity of liens against the Debtors and (iii) advising
       the Debtors on corporate and litigation matters.

Akin Gump will be paid at these hourly rates:

       Ira S. Dizengoff, Partner         $1,250
       Philip C. Dublin, Partner         $1,095
       Daniel I. Fisher, Partner         $975
       Alexis Freeman, Senior, Counsel   $825
       Kristine G. Manoukian, Counsel    $775
       Matthew C. Fagen, Associate       $565
       Edward A. Mishan, Associate       $495
       Partners                          $700-$1,300
       Counsel                           $545-$930
       Associates                        $410-$775
       Paraprofessionals                 $160—$375

Akin Gump will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Ira S. Dizengoff, member of Akin Gump, 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.

Akin Gump can be reached at:

       Ira S. Dizengoff, Esq.
       AKIN GUMP STRAUSS HAUER & FELD LLP
       One Bryant Park
       New York, NY 10036
       Tel: (212) 872-1000
       Fax: (212) 872-1002

                        About Allied Nevada

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

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

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

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

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

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


ALLIED NEVADA: Hires Blank Rome as Co-counsel
---------------------------------------------
Allied Nevada Gold Corp. and its debtor-affiliates ask for
permission from the U.S. Bankruptcy Court for the District of
Delaware to employ Blank Rome LLP as co-counsel, nunc pro tunc to
the March 10, 2015 petition date.

The Debtors require Blank Rome to:

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

       duties as debtors and debtors-in-possession in the
       continued management and operation of their remaining
       business and properties;

   (b) attend meetings and negotiate with representatives of
       creditors and other parties-in-interest;

   (c) advise and consult the Debtors regarding the conduct of
       these cases, including all of the legal and administrative
       requirements of operating in Chapter 11;

   (d) advise the Debtors on matters relating to the evaluation of

       the assumption, rejection or assignment of unexpired leases

       and executory contracts;

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

   (f) assist in preparing on behalf of the Debtors motions,
       applications, answers, orders, reports, and papers in
       connection with the administration of the Debtors' estates,

       coordinating service of the same and prosecuting the same;

   (g) assist in prosecuting a plan and accompanying disclosure
       statement and all related agreements and documents and
       taking any necessary action on behalf of the Debtors to
       obtain confirmation of such a plan;

   (h) appear before this Court, any appellate courts, and the
       Office of the United States Trustee, and protecting the
       interests of the Debtors' estates before such courts and
       the Office of the United States Trustee; and

   (i) perform all other necessary legal services and providing
       all other necessary legal advice to the Debtors in
       connection with these Chapter 11 cases to bring the
       Debtors' Chapter 11 Cases to a conclusion.

Blank Rome will be paid at these hourly rates:

       Bonnie G. Fatell, Partner       $825
       Michael D. DeBaecke, Partner    $655
       Stanley B. Tarr, Partner        $525
       Victoria Guilfoyle, Associate   $410
       Alan Root, Associate            $390
       Tamara Moody, Paralegal         $280
       Partners                        $335-$1,020
       Associates                      $195-$590
       Clerks and Librarians           $115-$405

Blank Rome will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Blank Rome was first retained by the Debtors pursuant to the
Engagement Letter. During the 90 days before the Petition Date,
Blank Rome did not receive any payments from the Debtors in
satisfaction of outstanding fees and expenses other than Blank
Rome's receipt of a retainer in the amount of $75,000 for services
rendered and expenses incurred on behalf of the Debtors in
connection with the commencement of the Chapter 11 Cases. On March
9, 2015, prior to the Petition Date, Blank Rome applied $50,155.50
of the retainer amount to accrued prepetition fees and expenses.
Blank Rome currently holds a retainer amount of $24,844.50.

As required by the Guidelines for Reviewing Applications for
Compensation and Reimbursement of Expenses Filed Under 11 U.S.C.
section 330 by Attorneys in Larger Chapter 11 Cases, effective
November 1, 2013, Blank Rome has responded to the questions set
forth in Section D of the UST Guidelines as follows:

  -- Blank Rome did not agree to a variation of its standard or
     customary billing arrangement for this engagement;

  -- None of the professionals included in this engagement have
     varied their rates based on the geographic location of these
     Chapter 11 Cases; and

  -- Blank Rome represented the Debtors prior to the Petition
     Date in connection with the filing of these Chapter 11
     Cases.  Blank Rome is billing the Debtors postpetition at
     the same effective rates it billed prepetition.

Stanley B. Tarr, partner of Blank Rome, 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.

Blank Rome can be reached at:

       Stanley B. Tarr, Esq.
       BLANK ROME LLP
       1201 N. Market Street, Suite 800
       Wilmington, DE 19801
       Tel: (302) 425-6400
       Fax: (302) 425-6464

                        About Allied Nevada

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

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

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

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

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

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


ALLIED NEVADA: Hires Moelis & Company as Financial Advisor
----------------------------------------------------------
Allied Nevada Gold Corp., et al., seek authorization from the U.S.
Bankruptcy Court for the District of Delaware to employ  Moelis &
Company LLC as financial advisor for the Debtors, nunc pro tunc to
the March 10, 2015 petition date.

The Debtors require Moelis & Company to:

   (a) assist the Debtors in reviewing and analyzing the Debtors'
       results of operations, financial condition and business
       plan;

   (b) assist the Debtors in reviewing and analyzing a potential
       Restructuring or Capital Transaction (or any combination
       thereof);

   (c) provide advice and testimony related to a potential In-
       Court Restructuring, including, without limitation, any
       Capital Transaction or Sale Transaction contemplated
       thereby;

   (d) assist the Debtors in negotiating a Restructuring or
       Capital Transaction (or any combination thereof);

   (e) advise the Debtors on the terms of any debt, equity
       interests, equity-linked interests, hybrid capital,
       royalty, streaming or production-based financing
       transactions, options, warrants or other rights to acquire
       equity interests or other securities it offers in any
       potential Capital Transaction;

   (f) advise the Debtors on their preparation of information
       materials for a potential Capital Transaction (such
       materials prepared by the Debtors, the "Information Memo");

   (g) assist the Debtors in contacting potential lenders,
       investors or purchasers (the "Purchasers") in a
       Restructuring or Capital Transaction (or any combination
       thereof), and meeting with and providing, on behalf of the
       Debtors, such prospective Purchasers with the Information
       Memo and such additional information about the Debtors'
       assets, properties or business as may be appropriate and
       acceptable to the Debtors, subject to customary business
       confidentiality agreements;

   (h) assist in the management of a due diligence process with
       respect to a potential Restructuring or Capital Transaction

       (or any combination thereof), including assisting in
       responding to applicable due diligence questions and
       requests;

   (i) assist and advise the Debtors in the marketing and
       execution of a Sale Transaction and, if necessary,
       providing testimony in these chapter 11 cases regarding the

       Sale Transaction; and

   (j) provide such other financial advisory and investment
       banking services in connection with a Restructuring or
       Capital Transaction (or any combination thereof) as Moelis
       and the Debtors may mutually agree upon.

As set forth more fully in the Engagement Letter, and subject
thereto, Moelis & Company will be compensated as follows (the "Fee
Structure"):

   -- Monthly Fee: during the term of the agreement set forth in
      the Engagement Letter, a non-refundable cash fee of $150,000

      per month (the "Monthly Fee"), payable in advance of each
      month.  Whether or not a Restructuring or Capital
      Transaction occurs, Moelis shall earn and be paid the
      Monthly Fee every month during the term of the agreement.
      50% of Monthly Fees in excess of $900,000 shall be credited
      (the "Monthly Fee Credit"), to the extent previously paid,
      against any In-Court Restructuring Fee, Out-of-Court
      Restructuring Fee and Capital Transaction Fee to be paid
      pursuant to the terms of the Engagement Letter, provided,
      that no such In-Court Restructuring Fee, Out-of-Court
      Restructuring Fee or Capital Transaction Fee shall be
      reduced below zero.

   -- Restructuring Fee: at the closing of an In-Court
      Restructuring (i.e., on emergence), a fee (the "In-Court
      Restructuring Fee") equal to $3,000,000;

   -- Capital Transaction Fee: a non-refundable cash fee (the
      "Capital Transaction Fee"), equal to the sum of: (i) 1.5% of

      the aggregate gross amount or face value of debt obligations

      and other debt interests (including any convertible debt)
      Raised in the Capital Transaction, plus (ii) 3.75% of the
      aggregate gross amount or face value of new capital Raised
      in the Capital Transaction as equity, equity-linked
      interests, royalty financing, streaming financing,
      production-based financing, options, warrants or other
      rights to acquire equity interests; provided, that the 1.5%
      and 3.75% described in the foregoing clauses (i) and (ii),
      respectively, shall be reduced by 1/3rd for the calculation
      of the Capital Transaction Fee with respect to the aggregate

      gross amount or face value of debt obligations, other debt
      interests, or new capital (whether as equity, equitylinked
      interests, royalty financing, streaming financing,
      production-based financing, options, warrants, other rights
      to acquire equity interests or otherwise) provided by or
      raised from any equity holders, lenders, debt holders, other

      security holders, or creditors of the Debtors or any
      subsidiary of the Debtors or any of their respective
      affiliates, subsidiaries, or affiliated funds (whether such
      entity or person is currently or at the time Raised is a
      holder or any of their respective affiliates, subsidiaries,
      or affiliated funds). Subject to the Fee Cap (as defined
      below) and the Monthly Fee Credit, the Debtors will pay a
      separate Capital Transaction Fee in respect of each Capital
      Transaction in the event that more than one Capital
      Transaction occurs.

  -- Sale Transaction Fee: a non-refundable cash fee equal to
     $200,000 payable upon the closing of a Sale Transaction.

Notwithstanding anything to the contrary contained in the
Engagement Letter, in no event shall the total fees due pursuant to
the Engagement Letter (excluding the Sale Transaction Fee), exceed
$4,500,000 (such amount, the "Fee Cap").

Prior to the Petition Date, according to the Debtors' books and
records, the Debtors paid Moelis $450,000 for fees and $46,522.46
for reimbursement of expenses during the 90-day period before the
Petition Date.  As of the Petition Date, the Debtors do not owe
Moelis & Company any fees for services performed or expenses
incurred under the Engagement Letter in excess of $20,000 (the
"Retainer"), which Moelis & Company is holding on account for
expenses incurred in connection with the Engagement Letter.

Barak Klein, managing director of Moelis & Company, 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.

Moelis & Company can be reached at:

       Barak Klein
       MOELIS & COMPANY LLC
       399 Park Avenue, 5th Floor
       New York, NY 10069
       Tel: (212) 883-3800
       Fax: (212) 880-4260

                        About Allied Nevada

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

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

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

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

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

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


ALLIED NEVADA: Proposes Clover-Led Auction for Assets
-----------------------------------------------------
Allied Nevada Gold Corp., et al., filed a motion to launch a sale
process for their exploration properties and related assets.  The
Debtor has entered into a stalking horse agreement with Clover
Nevada LLC.

Absent higher and better offers for the assets, Clover Nevada has
agreed to purchase the assets on these terms:

   1. On the Closing Date, the stalking horse bidder will pay to
the Debtors aggregate consideration equal to the sum of

      a) $17.5 million in cash; and

      b) the amount, not to exceed $65,000, that the Debtors have
         posted in respect of any seller security that is
         transferred to the buyer;

   2. The stalking horse bidder will deliver a cash deposit of
$1,750,000 to the escrow agent upon execution of the deposit escrow
agreement and within two business days after the date of entry into
the stalking horse purchase agreement.

   3. In the event that (A) the stalking horse purchase agreement
is terminated or their obligations in connection with the exercise
by the Debtors of their fiduciary obligations, the Debtors will
pay to the buyer a cash break-up fee equal to $350,000 and the
expense reimbursement, not to exceed $100,000, in cash.

   4. No party will be permitted or entitled to credit bid any
obligation or alleged obligation of the Debtors or any affiliate of
subsidiary of the Debtors.

The Debtors will entertain other offers for the assets pursuant to
the bidding procedures:

   a) Due Diligence.  The Debtors will provide any potential bidder
that the Debtors determine has a bona fide interest in the acquired
assets, with (y) an electronic copy of the stalking horse purchase
agreement and (z) access to a confidential electronic data room.
The Debtors will afford all such potential bidders any additional
information as may reasonably be requested and as is determined to
be appropriate under the circumstances.

   b) Interested parties must submit initial bids by June 12, at
5:00 p.m.

   c) If the Debtors timely receive one or more qualified bids in
addition to the stalking horse purchase agreement, the Debtors will
conduct the auction, beginning at 10 a.m. on June 16, at the
offices of Akin Gump Strauss Hauer & Feld LLP located at One Bryant
Park, New York, New York 10036 or such other location as will be
timely communicated to all entities entitled to attend the auction.


   d) Objections to the sale are due June 11.

   e) The Court will convene a sale hearing on June 18, 2015 at
10:30 a.m.

A copy of the Sale Motion, as well as the Stalking Horse APA, is
available for free at:

http://bankrupt.com/misc/AlliedNevada_133_motion_sellproperty.pdf

                        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.

The U.S. trustee appointed three creditors of the company to serve
on the official committee of unsecured creditors.



ALLIED NEVADA: Taps Prime Clerk as Administrative Advisor
---------------------------------------------------------
Allied Nevada Gold Corp. and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the District of
Delaware to employ Prime Clerk LLC as administrative advisor, nunc
pro tunc to the March 10, 2015 petition date.

Pursuant to the Engagement Agreement, the Debtors seek to retain
Prime Clerk to provide, among other things, the following
bankruptcy administration services, if and to the extent
requested:

   (a) assist with, among other things, solicitation, balloting
       and tabulation of votes, and prepare any related reports,
       as required in support of confirmation of a chapter 11
       plan, and in connection with such services, process
       requests for documents from parties in interest, including,

       if applicable, brokerage firms, bank back-offices and
       institutional holders;

   (b) prepare an official ballot certification and, if necessary,

       testify in support of the ballot tabulation results;

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

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

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

   (f) provide such other processing, solicitation, balloting and  

       Other administrative services described in the Engagement
       Agreement, but not included in the Section 156(c)
       Application (as defined below), as may be requested from
       time to time by the Debtors, the Court or the Office of the
       Clerk of the Bankruptcy Court (the "Clerk").

Prime Clerk will be paid at these hourly rates:

       Analyst                   $40-$55
       Technology Consultant     $90-$110
       Consultant                $110-$145
       Senior Consultant         $160-$180
       Director                  $185-$205
       Solicitation Consultant   $200
       Director of Solicitation  $225

Prime Clerk will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Michael J. Frishberg, co-president and chief operating officer of
Prime Clerk, 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.

Prime Clerk can be reached at:

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

                        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.


AMERIGO INC: Case Summary & 14 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Amerigo, Inc.
        735 S 1st Ave.
        Pocatello, ID 83205

Case No.: 15-40350

Chapter 11 Petition Date: April 20, 2015

Court: United States Bankruptcy Court
       District of Idaho (Pocatello)

Judge: Hon. Jim D Pappas

Debtor's Counsel: Monte C Gray, Esq.
                  GRAY LAW OFFICES, PLLC
                  PO Box 37
                  Pocatello, ID 83204
                  Tel: (208) 478-1250
                  Email: montegray@cableone.net

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Cheri L. Hall, president.

A list of the Debtor's 14 largest unsecured creditors is available
for free at http://bankrupt.com/misc/idb15-40350.pdf


AMR CORP: Bid For $310M Stockholders Payout Denied
--------------------------------------------------
Law360 reported that U.S. Bankruptcy Judge Sean H. Lane on
April 15 denied a bid by American Airlines Inc.'s former parent AMR
Corp. to pay prebankruptcy stockholders $310 million from Chapter
11 reserves, finding AMR could not guarantee remaining reserves
would cover claims -- including those brought by unions
-- that still are in litigation.

Judge Lane said the day could come soon when such a distribution
would be warranted but cited an abundance of caution in declining
to release $237 million from a reservoir of money, the report
related.

                     About American Airlines

AMR Corp. and its subsidiaries including American Airlines filed
for bankruptcy protection (Bankr. S.D.N.Y. Lead Case No. 11-15463)
in Manhattan on Nov. 29, 2011, after failing to secure cost-
cutting labor agreements.  AMR, previously the world's largest
airline prior to mergers by other airlines, is the last of the so-
called U.S. legacy airlines to seek court protection from
creditors.  It was the third largest airline in the United States
at the time of the bankruptcy filing.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to the
Debtors.  Paul Hastings LLP and Debevoise & Plimpton LLP Groom Law
Group, Chartered, are on board as special counsel.  Rothschild
Inc., is the financial advisor.  Garden City Group Inc. is the
claims and notice agent.

Jack Butler, Esq., John Lyons, Esq., Felecia Perlman, Esq., and
Jay Goffman, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP
serve as counsel to the Official Committee of Unsecured Creditors
in AMR's chapter 11 proceedings.  Togut, Segal & Segal LLP is the
co-counsel for conflicts and other matters; Moelis & Company LLC
is the investment banker, and Mesirow Financial Consulting, LLC,
is the financial advisor.

The Retiree Committee is represented by Jenner & Block LLP's
Catherine L. Steege, Esq., Charles B. Sklarsky, Esq., and Marc B.
Hankin, Esq.

AMR and US Airways Group, Inc., on Feb. 14, 2013, announced a
definitive merger agreement under which the companies will combine
to create a premier global carrier, which will have an implied
combined equity value of approximately $11 billion.

The bankruptcy judge on Sept. 12, 2013, confirmed AMR Corp.'s plan
to exit bankruptcy through a merger with US Airways.  By
distributing stock in the merged airlines, the plan is designed to
pay all creditors in full, with interest.

Judge Sean Lane confirmed the Plan despite the lawsuit filed by
the U.S. Department of Justice and several states' attorney
general complaining that the merger violates antitrust laws.

In November 2013, AMR and the U.S. Justice Department a settlement
of the anti-trust suit.  The settlements require the airlines to
shed 104 slots at Reagan National Airport in Washington and 34 at
LaGuardia Airport in New York.

AMR stepped out of Chapter 11 protection after its $17 billion
merger with US Airways was formally completed on Dec. 9, 2013.

                          *     *     *

The Troubled Company Reporter, on Sep. 2, 2014, reported that
Standard & Poor's Ratings Services revised its rating outlooks on
American Airlines Group Inc. (AAG) and its subsidiaries American
Airlines Inc. and US Airways Inc. to positive from stable.  At the
same time, S&P affirmed its ratings on the companies, including
the 'B' corporate credit ratings.

The TCR, on April 13, 2015, reported that Standard & Poor's Ratings
Services assigned its 'BB' issue-level rating and '1' recovery
rating to American Airlines Inc.'s (American; B+/Positive/--) $750
million amended term loan B due Oct. 10, 2021.  The term loan is
guaranteed by the company's parent, American Airlines Group Inc.,
and its affiliates, US Airways Group Inc. and US Airways Inc.
S&P's '1' recovery rating indicates its expectation of a "very
high" (90%-100%) recovery in a default scenario.

The TCR also reported on April 10, 2015, that following the
announcement by American Airlines, Inc. that it would re-price and
alter the collateral package for its $1.15 billion senior secured
credit facility, Fitch's ratings on the facility remain unchanged
at 'BB+/RR1'.



APPLEGATE FARMS: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Applegate Farms, LLC
        RRI Box 112
        Novelty, MO 63460

Case No.: 15-20091

Chapter 11 Petition Date: April 20, 2015

Court: United States Bankruptcy Court
       Eastern District of Missouri (Hannibal)

Judge: Hon. Charles E. Rendlen III

Debtor's Counsel: Spencer P. Desai, Esq.
                  DESAI EGGMANN MASON LLC
                  Pierre Laclede Center
                  7733 Forsyth Boulevard, Suite 800
                  St. Louis, MO 63105
                  Tel: (314) 881-0800
                  Fax: (314) 881-0820
                  Email: sdesai@demlawllc.com

                    - and -

                  Thomas H. Riske, Esq.
                  DESAI EGGMAN MASON LLC
                  7733 Forsyth Blvd., Suite 800
                  Clayton, MO 63105
                  Tel: 314-881-0800
                  Fax: 314-881-0820
                  Email: triske@demlawllc.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Bryson William Applegate, managing
member.

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


AURORA DIAGNOSTICS: S&P Puts 'CCC+' CCR on CreditWatch Negative
---------------------------------------------------------------
Standard & Poor's Ratings Services placed all of its ratings,
including its 'CCC+' corporate credit rating, on Palm Beach
Gardens, Fla-based anatomic pathology services provider Aurora
Diagnostics Holdings LLC on CreditWatch with negative
implications.

S&P said, "At the same time, we assigned our CCC+ issue-level
rating and 3 recovery rating to Aurora's new $40 million
delayed-draw term loan, reflecting our expectations for meaningful
(at the high end of the 50% to 70% range) recovery in the event of
payment default. We placed the issue-level rating on CreditWatch
with negative implications.

"We lowered our rating on Aurora's existing senior secured debt
(which is pari passu to this debt) to CCC+ from B- and revised our
recovery rating on this debt to 3 from 2, reflecting our
expectation for higher secured debt at the time of default. The 3
recovery rating indicates our expectation of meaningful (at the
high end of the 50% to 70% range) recovery in the event of a
payment default. Our CCC- issue-level rating and 6 recovery rating
on Aurora’s unsecured notes are not affected by this
announcement."

"The CreditWatch placement follows news that Aurora will not file
its form 10-K on a timely basis, as well as its announcement that
it is placing new debt to fund its acquisition program," said
Standard & Poor's credit analyst Shannan Murphy. In the absence of
current financial statements, S&P is now less confident that Aurora
will continue to achieve its base-case operating projections over
the next year, which call for only modest operating cash flow
deficits and ongoing compliance with the company's financial
covenants. S&P continues to expect that leverage will remain above
8x for the next two years and that cash flow will be thin to
negative due to the company's very heavy interest burden.

S&P said, "We intend to resolve our CreditWatch listing when Aurora
files its annual financials. At that time, our review will focus on
Aurora's operating prospects, including its prospects for complying
with its financial covenants over the next 12 months. If we believe
that Aurora is likely to breach its financial covenants over the
next year, possibly leading to an event of default, we could
consider a downgrade. If we believe that Aurora is likely to remain
in compliance with its covenants, avoid large cash deficits, and
maintain access to its revolving credit facility, we would likely
affirm the ratings and assign a stable outlook."



AUXILIUM PHARMACEUTICALS: S&P Ups to B+ Then Withdraws CCR
----------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Auxilium Pharmaceuticals Inc. to 'B+' from 'CCC+'. The
outlook is stable. S&P subsequently withdrew the rating following
the company's acquisition by 'B+' rated Endo International plc. S&P
withdrew all issue-level ratings following redemption.


BAPTIST HOME OF PHILADELPHIA: Court Confirms Reorganization Plan
----------------------------------------------------------------
U.S. Bankruptcy Judge Eric L. Frank entered an order confirming the
Third Amended Chapter 11 Plan of Reorganization of The Baptist Home
of Philadelphia.

A hearing to consider confirmation of the Plan was held on April 8.
At the hearing, the Debtor and the Official Committee of Unsecured
Creditors consented to certain non-material modifications in the
Plan after colloquy with the court.

Section 12.3 of the Plan is deleted from the confirmed Plan,
according to the Court's order.

John T. Carroll III, Esq., of Cozen O'Conner certified that the
lone creditor in Class 4, the holder of Beneficial Mutual Savings
Bank's unsecured claim of $1.33 million, voted to accept the Plan.
All 32 unsecured creditors holding $2.06 million in claims in Class
5 voted in favor of the Plan.

The deadline to file professional fee claims and administrative
expense claims is 30 days after entry of the April 8 confirmation
order.

                       The Chapter 11 Plan

According to the Disclosure Statement dated Feb. 24, 2015, the Plan
provides for the continued existence of the Debtor following
confirmation of the Plan so that it may continue to act and use its
assets remaining after distributions to holders of allowed claims
have been made, in furtherance of its charitable mission.

On Dec. 1, 2014, the Debtor closed the Court-approved sale of
substantially all of its assets related to its operation of the
Deer Meadows Retirement Community pursuant to that certain asset
purchase agreement dated July 25, 2014 (as amended and
supplemented) to Deer Meadows Property, L.P.

The Reorganized Debtor, in consultation with the Committee, will,
among other responsibilities, administer and resolve all Claims
filed against the Debtor's estate and make all distributions under
the Plan. The funds utilized to make cash payments under the Plan
have been or will be generated from, among other things, the
assets, the net sale proceeds, the Debtor's operations prior to
closing.

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

         http://bankrupt.com/misc/BaptistHome_3rdDS.pdf

              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.


CACHE INC: Wins Reprieve From Bid to Convert Case to Ch. 7
----------------------------------------------------------
Law360 reported that Cache Inc. got a temporary reprieve on
April 15 from unsecured creditors' bid to convert its case to a
Chapter 7 proceeding when a Delaware bankruptcy judge tabled the
matter until next month, a move that will keep employees working
and see the going-out-of-business sales to completion.

During a hearing in Wilmington, U.S. Bankruptcy Judge Mary F.
Walrath said that if she converted the case now, it would only lead
to negative consequences for the estate and creditors, according to
Law360.

                       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: Files Revised Proposed Final Order for DIP Financing
--------------------------------------------------------------
Cal Dive International, Inc., et al., have filed with the U.S.
Bankruptcy Court for the District of Delaware a revised proposed
final order authorizing the Debtors to, among other things, obtain
post-petition financing and use cash collateral.

A copy of the revised order is available for free at:

                       http://is.gd/FL54t4

The Debtors and the Official Committee of Unsecured Creditors
engaged in discussions and have agreed upon the revised form of
order, which has  been circulated to and is acceptable to
the Committee, the Office of the U.S. Trustee, the DIP Agent and
counsel for ABC Funding, LLC.

The Debtors filed on March 3, 2015, a motion asking the Court to
authorize the Debtors to, among other things, obtain postpetition
financing and utilize cash collateral of pre-petition secured
parties.  On March 9, 2015, the Court entered an order granting the
relief requested in the motion on an interim basis.

On March 27, 2015, the Committee filed an objection to the Debtors'
Motion.  As reported by the Troubled Company Reporter on April 14,
2015, Sherri Toub, a bankruptcy columnist for Bloomberg News,
reported that the Committee objected to the 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 Committee is advocating for an extension of sale
deadlines.

Claimants Jacob O'Neil and Adam Tuma filed on April 8, 2015, a
limited objection to the Debtors' Motion.  The Claimants sustained
severe personal injuries caused while providing certain labor and
services to the Debtors for and in connection with the operation of
one or more of the Debtors' vessels.  The Claimants didn't consent
to being primed and have not received adequate protection, and
sought clarification in the final DIP order that the DIP liens are
junior to the claims held by the Claimants.

On April 13, 2015, the Debtors responded to the Committee's
objection, saying that the DIP lenders made a number of
reasonable accommodations.  Among other things, the DIP Lenders
have indicated an agreement to revise the sale milestones.  The
Debtors said that the milestone changes are significant and blunt
whatever force the Committee's objection may have had, as the sale
schedule became exactly what the Committee's financial advisor
endorsed in his deposition testimony.  

ABC Funding, LLC, as administrative agent under the amended and
restated credit agreement, dated as of May 9, 2014, and Bank of
America, N.A., as agent for the lenders under the DIP Facility
Agreement, also responded to the Committee's objection in favor of
the Debtors.  ABC Funding asked that the Court overrule the
Objection, while Bank of America asked that the Court grant the DIP
Motion on a final basis.

On April 14, 2015 the Debtors filed the notice of filing proposed
final order on the Debtors' Motion, and the Court held on April 15,
2015, a hearing to consider the relief requested in the Motion on a
final basis.  The Court granted the relief requested in the Motion,
and the Debtors and the Committee indicated that they would submit
a revised form of order reflecting the resolution set forth on the
record at the hearing.

On April 2, 2015, the Court entered an order authorizing the
Debtors to file under seal certain schedules to the DIP facility
agreement, as they are deemed to contain commercially sensitive
information.

                    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: Wins Judge Nod for $120 Million DIP Loan
--------------------------------------------------
Law360 reported that U.S. Bankruptcy Judge Christopher S. Sontchi
on April 15 gave Cal Dive International Inc. the green light for a
$120 million debtor-in-possession loan, a facility that provides
the offshore oil services company with extra time to market its
assets.

According to the report, Judge Sontchi blessed Cal Dive's $120
million DIP at a hearing in Wilmington, the start of which was
pushed back more than four hours while parties worked to finalize
the terms.

                  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.




CANDAX ENERGY: Has 120 Days to Comply with TSX Listing Rules
------------------------------------------------------------
Candax Energy Inc., an international oil company that is currently
focused on mature oil field development in Tunisia, on April 17
disclosed that Maretap has completed the full repair of the Zarzis
Terminal Tank initiated in October 2014 plans on conducting a
delisting review on the Company.

Maretap is a 50/50 joint venture between ETAP (the Tunisian
national oil company) and Ecumed (100% owned by Candax).  Maretap
operates the Ezzaouia Field and the Zarzis Terminal from where all
Candax production is exported.

Maretap is now progressing with the maintenance campaign on its
beam-pump activated wells on the Ezzaouia field with a pulling
unit. EZZ-18 and EZZ-9 wells production has restarted and the
pulling unit is currently mobilized on EZZ-1 for one week.  The
Ezzaouia and Candax net production rate before royalties will
revert to 240 and 520 bopd respectively compared to 157 and 447
bopd for the first quarter of the year.

Benoit Debray, Candax CEO declared: "I want to personally thank our
field people for their dedication to optimize the production from
our field during this difficult period for the entire industry.
These efforts are key for moving the company forward through this
downturn."

The Company has received a letter advising it that the TSX is
reviewing the eligibility for continued listing on the TSX of the
securities of the Company.  The TSX initiated its delisting review
because the price and market value of the publicly-held common
shares of the Company have fallen below levels required under the
TSX Company Manual and the financial condition and operating
results of the Company no longer satisfy the listing requirements
of the TSX Company Manual.  Under the TSX's remedial review
process, the Company has been granted 120 days to comply with all
requirements for continued listing.

The Company will study all available options during the 120 days
period.  In addition to working with the TSX during this period,
management will evaluate strategic and financial alternatives to
correct the deficiencies noted.  There can be no assurance that the
Company will be able to achieve compliance with the TSX's listing
requirements within the required time frame or will secure a
strategic alternative.

                         About Candax

Candax (TSX:CAX) is an international energy company with offices in
Toronto and Tunis.  The Candax group is engaged in the exploration
and production of oil and gas in Tunisia, and holds a royalty
interest in an exploration permit in Madagascar.


CASA EN DENVER: Proposes to Pay $16.5K to Critical Vendor
---------------------------------------------------------
Casa Media Partners, LLC seeks approval from the bankruptcy court
to pay a pre-petition claim of $16,498 to Nielsen Audio, Inc., in
exchange for a continued supply of comprehensive audio metrics
which it has supplied the Debtor in the past and in the ordinary
course of business.

The Debtor says Nielsen provides it with essential services that it
will not be able to obtain from any other vendor.  Given the poor
economic business environment over the past several years and the
bankruptcy filing, the Debtor maintains it would likely be
impossible for it to obtain credit terms with new vendors.

To ensure that the Debtor's business operations will be minimally
impacted during the Chapter 11 case, the Debtor seeks to condition
those payments upon an agreement by the Critical Vendor to provide
reasonable and customary price, service, quality, and payment terms
to the Debtor on a postpetition basis.

The Debtor acknowledges that it owes Nielsen approximately
$65,995.

Casa Media Partners, LLC, and Casa en Denver, Inc. commenced
Chapter 11 bankruptcy cases (Bankr. S.D. Fla. Case Nos. 15-16741
and 15-16746) in Miami, Florida on April 15, 2015.  The petition
was signed by Juan Salvador Gonzalez, the chief financial officer.
Judge Hon. Robert A Mark presides over the cases.  The Debtors are
represented by Kristopher Aungst, Esq., at Tripp Scott, P.A., as
their counsel.  According to the docket, the deadline to file
claims for governmental units is on Oct. 13, 2015.


CASA EN DENVER: Wants to Employ Tripp Scott as Counsel
------------------------------------------------------
Casa Media Partners, LLC, and Casa en Denver, Inc., seek approval
from the bankruptcy court to employ Tripp Scott, P.A., as their
general bankruptcy counsel, nunc pro tunc to the Petition Date.

Tripp Scott is expected to:

   (a) advise the Debtors with respect to their powers and duties
       as debtor and debtor-in-possession and the continued
       management and operation of their business;

   (b) advise the Debtors in connection with post-petition
       financing, provide advice and counsel with respect to pre-
       petition financing arrangements, and provide advice to the
       Debtors in connection with emergency financing and capital
       structure, and negotiate and draft documents;

   (c) advise the Debtors on matters relating to the evaluation of
       unexpired leases and executory contracts to be assumed,
       rejected or assigned;

   (d) advise the Debtors with respect to legal issues arising in
       or relating to their ordinary course of business including,
       as may or may not arise: meetings of the Debtors' Board of
       Directors, senior management, or other professionals to be
       retained by separate application and order of the Court,
       and provide advice and counsel on matters involving
       employees, employee benefits, tax, insurance, corporate,
       business operation, contracts, real property, media, press
       releases, and public affairs;

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

   (f) prepare all motions, pleadings, orders, applications,
       responses, adversary proceedings, and other legal documents

       necessary in the administration of the cases;

   (g) negotiate on the Debtors' behalf and prepare a plan of
       reorganization, disclosure statement and all related
       agreements or documents, and take any necessary action
       on behalf of the Debtors to obtain confirmation of such
       plan;

   (h) attend meetings and negotiate with representatives of
       creditors and other parties-in-interest and advise and
       consult on the conduct of the case, including all of the
       legal and administrative requirements of operating in
       Chapter 11;

   (i) attend meetings with third parties and participate in
       negotiations;

   (j) appear before the Court, any appellate courts, and the
       United States Trustee, and protect the interests of the
       Debtors' estate before those courts and the United States
       Trustee;

   (k) provide advice to the Debtors with respect to their  
       responsibilities in complying with the United States
       Trustee's Operating Guidelines and Reporting Requirements
       and with the rules of the Court; and

   (l) perform all other necessary legal services and provide all
       other necessary legal advice to the Debtors in connection
       with their Chapter 11 cases.

Tripp Scott has advised the Debtors that the hourly rates
applicable to the principal attorneys and paralegals proposed to
represent them are:

   (a) Kristopher Aungst, Esq.           $400 per hour

   (b) Michael Foster, Esq.              $350 per hour

   (c) Stefan Williamson, Esq.           $235 per hour

   (d) Ju Li Roberson (paralegal)        $125 per hour

   (e) Jacqulyn Leadbetter               $100 per hour

Other attorneys, law clerks, paralegals, and paralegal clerks may
render services to the Debtors as needed.  Tripp Scott's hourly
rates are generally in the following ranges:

              Title                  Rate Per Hour
           -----------               -------------
           Directors                   $350-$575
           Associates                  $235-$325
           Paralegals                  $100-$185

The firm also seeks reimbursement of the actual and necessary
expenses that it incurs.

Prior to the filing of this case, Casa Media paid Tripp
Scott $95,750 to analyze and prepare, if appropriate, the necessary
pleadings and schedules for Casa en Denver, wholly-owned subsidiary
of CMP, and CMP's respective bankruptcy
cases.

Kristopher E. Aungst assured the Court that Tripp Scot does not
hold or represent any interest adverse to the Debtors or the
Chapter 11 estates, or any other party in interest that would
constitute a conflict of interest or otherwise impair the
disinterestedness of Tripp Scott; and (b) is a "disinterested
person" as that term is defined in Bankruptcy Code Section
101(14).

Casa Media Partners, LLC, and Casa en Denver, Inc., commenced
Chapter 11 bankruptcy cases (Bankr. S.D. Fla. Case Nos. 15-16741
and 15-16746) in Miami, Florida on April 15, 2015.  The petition
was signed by Juan Salvador Gonzalez, the CFO.  Judge Hon. Robert A
Mark presides over the cases.  According to the docket, the
deadline to file claims for governmental units is on Oct. 13, 2015.


CASA EN DENVER: Wants to Use Bank of Commerce Cash Collateral
-------------------------------------------------------------
Casa Media Partners, LLC, and Casa en Denver, Inc. seek authority
from the Bankruptcy Court to use cash collateral in which Bank of
Commerce asserts a security interest.  The Debtors assert that
without access to cash collateral, their estates would not have the
necessary funds to satisfy their obligations.

Casa Media allegedly owes Bank of Commerce $4,229,320 while Casa en
Denver allegedly owes the Bank approximately $7,773,489.

Regardless of the Bank's status as an over-secured creditor, the
Debtors seek to provide adequate protection for the use of Cash
Collateral to the extent Bank of Commerce has a security interest.
The Debtor proposes to grant the Bank replacement liens on
post-petition property acquired through the use of cash
collateral.

Casa Media Partners, LLC, and Casa en Denver, Inc., commenced
Chapter 11 bankruptcy cases (Bankr. S.D. Fla. Case Nos. 15-16741
and 15-16746) in Miami, Florida on April 15, 2015.  The petition
was signed by Juan Salvador Gonzalez, the CFO.  Judge Hon. Robert A
Mark presides over the cases.  The Debtors are represented by
Kristopher Aungst, Esq., at Tripp Scott, P.A.  According to the
docket, the deadline to file claims for governmental units is on
Oct. 13, 2015.


CHRIST HOSPITAL: Medicare Overpays as Hospital Prices Rise
----------------------------------------------------------
Christopher Weaver, Anna Wilde Mathews and Tom at Daily Bankruptcy
Review report that New Jersey's Christ Hospital collected $2.93
million in special payments for treating the sickest Medicare
patients in 2013, more than quadruple what it had the prior year.
Much of the increase didn't come from treating more patients or
providing more care.  It came from higher list prices charged by
the Jersey City hospital --- markups of at least 60% from the prior
year for many patients with common diagnoses, billing records show,
according to Daily Bankruptcy Review.

                     About Christ Hospital

Christ Hospital filed for Chapter 11 bankruptcy (Bankr. D.N.J.
Case No. 12-12906) on Feb. 6, 2012. Christ Hospital, founded in
1872 by an Episcopalian priest, is a 367-bed acute care hospital
located in Jersey City, New Jersey at 176 Palisade Avenue, serving
the community of Hudson County. The Debtor is well-known for its
broad range of services from primary angioplasty for cardiac
patients to intensity modulated radiation therapy for those
battling cancer. Christ Hospital is the only facility in Hudson
County to offer IMRT therapy, which is the most significant
breakthrough in cancer treatment in recent years.

Christ Hospital filed for Chapter 11 after an attempt to sell the
assets fell through. Judge Morris Stern presides over the case.
Lawyers at Porzio, Bromberg & Newman, P.C., serve as the Debtor's
counsel. Alvarez & Marsal North America LLC serves as financial
advisor. Logan & Company Inc. serves as the Debtor's claim and
noticing agent.

The Health Professional and Allied Employees AFT/AFI-CIO is
represented in the case by Mitchell Malzberg, Esq., at Mitnick &
Malzberg P.C.

Attorneys at Sills, Cummis & Gross, P.C., represent the Official
Committee of Unsecured Creditors.

On March 27, 2012, Judge Stern approved the sale of the Hospital's
assets to Hudson Hospital Holdco, LLC. Hudson bid $45,271,000 for
the Hospital's assets. The sale of the Debtor's assets to Hudson
closed on July 13, 2012.

The Joint Liquidation Plan of Christ Hospital was declared
effective June 27, 2013.  The Plan was confirmed June 4, 2013.



CHRYSLER LLC: Judge Frees TRW of Steering Defect Liability
----------------------------------------------------------
Law360 reported that TRW Automotive Holdings Corp. was freed of any
responsibility to indemnify old Chrysler's liquidation trust in a
class action over allegedly defective steering systems on Monday
after a New York bankruptcy judge found that a cure agreement had
assigned the claims to the post-bankruptcy iteration of Chrysler.

U.S. Bankruptcy Judge Stuart M. Bernstein granted TRW summary
judgment in its adversary complaint against the liquidation trust,
Law360 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.



COMMACK HOSPITALITY: Reorganization Plan Declared Effective
-----------------------------------------------------------
Commack Hospitality, LLC notified the U.S. Bankruptcy Court that
the Effective Date for the Revised Second Amended Plan of
Reorganization for Commack Hospitality, LLC occurred on March 10,
2015.

On Nov. 14, 2014, the Court confirmed the Revised Plan.  On
Feb. 23, 2015, the Court entered a stipulation and order regarding
acquisition of Commack's property, modifying the confirmation
order.

Commack Hospitality, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. E.D.N.Y. Case No. 14-70931) on March 10, 2014.  The
petition was signed by Viral Patel as managing member.  In its
schedules and statements, the Debtor listed $17 million in assets
and $13 million in liabilities.  Laurence May, Esq., and Mark
Tsukerman, Esq., of Cole Schotz Meisel Forman & Leonard PA serve
as the Debtor's counsel.  Judge Alan S. Trust presides over the
case.



CROSBY NATIONAL: Section 341(a) Meeting Set for June 12
-------------------------------------------------------
A meeting of creditors of The Crosby National Golf Club, LLC
will be held on June 12, 2015, at 9:30 a.m. at FTW 341 Rm 7A24.
Creditors have until Sept. 10, 2015, to submit their proofs of
claim.

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

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

The Crosby National Golf Club, LLC, commenced a Chapter 11
bankruptcy case (Bankr. N.D. Tex. Case No. 15-41545) in Ft. Worth,
Texas, on April 16, 2015, without stating a reason.  The Debtor
estimated $10 million to $50 million in assets and debt.  The case
is assigned to Judge Russell F. Nelms.  Hudson M. Jobe, Esq., at
Quilling, Selander, Lownds, et al, in Dallas, has been tapped as
the Debtor's counsel.


DAEGIS INC: Receives NASDAQ Listing Non-Compliance Notice
---------------------------------------------------------
Daegis Inc., a global information governance, migration solutions
and development tools company, on
April 17 disclosed that on April 15, 2015 it was notified by the
Listing Qualifications Staff of The NASDAQ Stock Market LLC that,
based on the Company's continued non-compliance with the $1.00
minimum closing bid price requirement for continued listing, as set
forth in NASDAQ Listing Rule 5550(a)(2), the Company's securities
are subject to delisting from NASDAQ unless the Company timely
requests a hearing before the Listing Qualifications Panel.  The
Company intends to timely request a hearing before the Panel, at
which hearing the Company will present its plan to evidence and
sustain compliance with all applicable requirements for continued
listing on NASDAQ.  The Company's common stock will continue to
trade on The NASDAQ Capital Market under the symbol "DAEG" pending
completion of the hearing process and the expiration of any
extension period granted by the Panel.

                        About Daegis Inc.

Daegis Inc. (NASDAQ: DAEG) is a global enterprise software company
with comprehensive offerings for information governance,
application migration, data management and application development.
The company's products include leading-edge enterprise archive and
eDiscovery technology, mobile application development technology,
application migration and data management software.  The company is
headquartered in Irving, Texas and serves its worldwide customer
base through its offices in California, New Jersey, Australia,
Canada, France, Germany and the UK.


DAMON'S GRILL: To Exit Ch. 11 After Sale to Unique Ventures
-----------------------------------------------------------
Dan Eaton at Columbus Business First reports Damon's Grill will
exit Chapter 11 bankruptcy once the sale of its intellectual
property and franchise rights to Unique Ventures Group LLC is
completed.

The Business First recalls that the sale to Unique Ventures for
$825,000 was agreed to in September 2013, but has not yet been
completed.

Unique Ventures still owes $220,000 of that purchase price, which
is expected to be paid in the coming months, Business First
relates, citing Michael Kaminski, Esq., at  Blumling & Gusky LLP,
the Debtor's bankruptcy counsel.  The bankruptcy case will close
then, the report adds.

According to the Business First, the bankruptcy case won't wind up
paying any of its unsecured creditors, about 80% of the $1.8
million owed to administrative creditors, led by the state of Ohio,
will be paid.

Damon's Grill -- http://www.damons.com/-- operates restaurants in  
Columbus, Ohio. In 2009, the Company sought protection from its
creditors under Chapter 11 in Western Pennsylvania bankruptcy court
to protect its stock from taken over by creditor National City, a
unit of PNC Financial Services Group Inc.  The Company' sister
brand, Max & Erma's, also filed for bankruptcy.


DENDREON CORP: Buyers Fight Shareholders' Bid to Stay Sale
----------------------------------------------------------
Valeant Pharmaceuticals International, Inc., and subsidiary Drone
Acquisition Inc. filed with the U.S. Bankruptcy Court for the
District of Delaware an objection to the motion filed by a group of
purported shareholders of Dendreon Corp. seeking to stay the court
order approving the sale of substantially all of the assets of
Dendreon Corp., et al. to Valeant and Drone.

As reported by the Troubled Company Reporter on April 14, 2015,
Law360 reported that  a so-called Donahue Group shareholders
complained that the $495 million sale price of the Debtors' assets
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.

According to Mark D. Collins, Esq., at Richards, Layton & Finger,
P.A., the attorney for the Purchasers, the Shareholders seek to
stay the effectiveness of the sale order to prevent the sale
transaction from closing.  Mr. Collins says that the stay motion
should be denied because the sale transaction closed before the
stay motion was filed, making the Shareholders' request for relief
moot.

Mr. Collins claims that the Shareholders continue to prosecute the
stay motion, despite the stay motion's fatal flaws, in an attempt
to extract a cash settlement from the Debtors, certain of the
Debtors' creditors, or a "deep pocket".  Mr. Collins says that the
Debtors are hopelessly insolvent and that no value exists for the
Dendreon's shareholders.

Sarah E. Pierce, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP,
the attorney for the Debtors, said in a court filing dated April 7,
2015, that the Donahue Group's motion to stay is misguided and
misplaced, and demonstrate a willful disregard of the facts and
record of the Debtors' Chapter 11 cases.  

According to the April 14 TCR report, Law360 reported that the
Debtors asked the Court not to stay the $495 million sale of their
assets to the Purchasers, pending an appeal, saying a shareholders'
motion alleging a low valuation showed a "willful disregard of the
facts."  The TCR also reported that 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 (Bankr. D. Del.) on Nov. 10, 2014.  The Debtors
requested that their cases be jointly administered under Case No.
14-12515.  The petitions were signed by Gregory R. Cox, interim
chief financial officer and treasurer.

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

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

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

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


DENDREON CORP: Liquidation Plan Goes to June 2 Confirmation Hearing
-------------------------------------------------------------------
Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware on April 14, 2015, approved the disclosure
statement explaining Dendreon Corp., et al.'s Chapter 11 plan of
liquidation and scheduled the confirmation hearing for June 2,
2015, at 10:00 a.m. (Eastern time).

Responses and objections, if any, to confirmation of the Plan must
be filed so as to be received on or before May 19.  To be counted,
ballots accepting or rejecting the Plan must be received by May
19.

The Debtors filed a plan of liquidation and accompanying disclosure
statement following approval of the sale of substantially all of
their assets to Valeant Pharmaceuticals International.

A second amended acquisition agreement provides for a higher
purchase price, consisting of common shares of Valeant, having an
aggregate value of $49.5 million as of the close of the market on
the Trading Day immediately prior to the Effective Date, paid to
the Debtors as partial consideration for the assets acquired by the
Purchaser pursuant to the Sale Order, plus $445.5 million in cash
to be delivered at closing of the sale transaction.  Pursuant to
the Second Amended Acquisition Agreement, if the amount of the
allowed prepetition general unsecured claims did not exceed $200
million in the aggregate, then the Valeant Shares could be
distributed proportionately in respect of the 2016 Noteholder
Claims.  The consideration under the Second Amended Acquisition
Agreement provided an additional $15 million in incremental value
to the Debtors' Estates over that provided for under the Amended
Acquisition Agreement, and $140 million more than the minimum
Qualified Bid.  The Acquired Assets under the Second Amended
Acquisition Agreement included all of the assets contemplated under
the Amended Acquisition Agreement, plus the D-3263 Assets and $80
million of cash and cash equivalents of the Debtors.

In their First Amended Plan, the Debtors said they anticipate that
the liquidation process would take six to twelve months. Wind-down
operating costs would include compensation expenses, insurance,
taxes, and the costs of orderly winding down healthcare and other
employee-related plans. Under a Chapter 7 liquidation, a change in
professionals would result in lost efficiencies, which is reflected
in a 25% increase in the wind-down budget. The Wind-Down Reserve is
calculated based on estimates and is being provided for
illustrative purposes only.

A full-text copy of the Amended Disclosure Statement dated April
16, 2015, is available at
http://bankrupt.com/misc/DENDREONds0416.pdf

                       About Dendreon Corp

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

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

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

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

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

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

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


DIGITAL RIVER: S&P Assigns 'B-' CCR; Outlook Stable
---------------------------------------------------
Standard & Poor's Ratings Services said it assigned its B-
corporate credit rating to Minnetonka, Minn.-based Digital River
Inc. The outlook is stable.

At the same time, S&P assigned its 'B' issue-level rating and '2'
recovery rating to the company's $10 million first-lien revolver
maturing 2020 and to its $255 million first-lien term loan maturing
2021. The '2' recovery rating indicates S&P's  expectation for
substantial (70%-90%; lower half of the range) recovery in the
event of a payment default.

Additionally, S&P assigned its 'CCC' issue-level rating and 6
recovery rating to the company's $80 million second-lien term loan
maturing 2022. The '6' recovery rating indicates S&P's expectation
for negligible (0%-10%) recovery in the event of a payment
default.

"The ratings on Digital River reflect the company's relatively
small scale and significant client concentration within the highly
competitive and fragmented e-commerce solutions market," said
Standard & Poor's credit analyst Jenny Chang.

"The ratings also reflect pro forma leverage in the mid-6x area as
of Dec. 31, 2014, which we expect to subside to the low- to mid-5x
area by Dec. 31, 2015," she added.

The stable outlook reflects S&P's view that Digital River will
achieve low- to mid-single-digit revenue growth and a modest level
of cost reduction to improve EBITDA and free cash flow over the
coming year.

The company's size, considerable customer concentration, and
private equity ownership limit the likelihood of an upgrade over
the coming year. However, S&P could raise the rating over the
longer term if the company can gain meaningful scale, diversify its
customer base, and improve profitability.

S&P could lower the rating if increased competition leads to
elevated pricing pressure or a spike in attrition, resulting in a
weakened liquidity position.



DVORKIN HOLDINGS: ColFin Appeals Lombard Purchase Approval
----------------------------------------------------------
Gus A. Paloian, Chapter 11 trustee for the bankruptcy estate of
Dvorkin Holdings, LLC, won approval from the U.S. Bankruptcy Court
for the Northern District of Illinois to use property of the estate
other than in the ordinary course of business to purchase the
property known as 22000 South Main Street, Lombard, Illinois.

ColFin Bulls Funding A, LLC, a creditor, on April 8, 2015,
immediately served a notice of appeal with respect to the
Bankruptcy Court's order granting the Trustee's motion.

Judge Jacqueline P. Cox on March 25 approved the motion
notwithstanding the objection of ColFin.  The order did provide
that the order is without prejudice to the party's rights under the
Settlement Agreement [involving the Trustee and ColFin].

As reported in the TCR, the Trustee sought approval to use estate
funds to buy the property pursuant to the terms of sale agreement
between the Trustee and Chicago Title Land Trust Company.  The
Trustee will buy the property for $1.7 million from a trust
administered by Chicago Title that holds title to the property.
Dvorkin holds 50 percent of the beneficial interests in the trust.

The Trustee said the transaction is necessary to effectuate a 2014
settlement between the trustee and Colfin.  The settlement was set
to terminate automatically on April 12, 2015, if the Lombard
property was not sold by that date.  No third party has made an
offer to purchase the property.  The Trustee said that Dvorkin must
either buy it or allow the settlement agreement to terminate, which
won't be beneficial to the company.

                         The ColFin Claim

ColFin, in its response to the Motion, said it doesn't consent to
the Trustee's purchase of the Lombard Parcel as it violates the
terms of their Settlement Agreement and a related agreement.

In November 2012, ColFin filed Claim No. 14 in the amount of
$3,504,767, consisting of:

   a. A claim of $1,007,099 owed by the Debtor and secured by the
Lombard Junior Mortgage against the Lombard Parcel owned by Trust
1636-Y (of which the Debtor owns a 50% beneficial interest); and

   b. A claim of $2,497,669 owed n by Lynwood LLC and guaranteed by
the Debtor, which is secured by the Lynwood Mortgage against the
Lynwood Parcels owned by the Lynwood Entities.

On July 1, 2014, the Court entered an order approving the
Settlement Agreement between ColFin and the Trustee, among others.
The Settlement Agreement provides in relevant part as follows:

   -- The Claim on account of the Lombard Loan is allowed in the
amount of $1,007,099, secured by ColFin's interest in the Lombard
Parcel arising under the Lombard Junior Mortgage.

   -- ColFin consents to the sale of the Lombard Parcel free and
clear of the Lombard Junior Mortgage; provided, however, the gross
sale price of the Lombard Sale shall equal such amount as agreed to
in writing by the Trustee, Lender and the Broker, and such sale
shall satisfy the other requirements set forth in Section 5 of the
Settlement Agreement.

   -- ColFin will receive the net proceeds of the Lombard Sale
after payment of closing costs and all liens, claims and
encumbrances senior to the Lombard Junior Mortgage, including
payment of the claim held by the Estate secured by the Lombard
Senior Mortgage, in full and complete satisfaction of the Allowed
Lombard Claim.

   -- ColFin will have the option (the "Lender Redemption Option"),
in its sole and absolute discretion, to cause the Trustee to
transfer title in and to the Lombard Parcel to ColFin (or its
nominee) in exchange for a credit bid of the Allowed Lombard Claim
in the amount as agreed to in writing by the Trustee, Lender and
the Broker.

Upon approval of the Settlement Agreement by the Court, the
Trustee, ColFin and Marcus & Millichap Real Estate Investment
Services (the "Broker") entered into a Broker Selection Agreement.
The Agreement provides, among other things, that the minimum sale
price for any sale of the Property to a third party during the
Term, not including any sale to Mortgagee as the result of a
successful credit bid for the Property, will be $1,700,000.

ColFin said it will not consent or agree to the proposed "sale" of
the Lombard Parcel to the Debtor under the Sale Agreement, as is
its express right under the Settlement Agreement.  

ColFin noted that Section 2 of the Broker Selection Agreement
expressly states that the Minimum Sale Price shall apply only to a
sale to a "third party."  According to ColFin, clearly the Debtor,
as proposed purchaser, is not a third party given that the Trustee
executed that the Broker Selection Agreement on behalf of the
Debtor.  Because the Sale Agreement is a sham insider transaction
involving the Debtor, ColFin argued that the Trustee is not
entitled to sell the Lombard Parcel for the former Minimum Sale
Price (or any other amount).  

ColFin also pointed out that under the Trustee's proposed "sale" to
the Debtor in contravention of the express terms of the Settlement
Agreement and the Broker Selection Agreement, ColFin stands to
receive only $495,965, as estimated by the Trustee, or $511,134
less than the amount of the Allowed Lombard Claim

ColFin Bulls Funding is represented by:

        Jerry L. Switzer, Jr., Esq.
        Jean Soh, Esq.
        POLSINELLI PC
        161 N. Clark St., Suite 4200
        Chicago, Illinois 60601
        Tel: (312) 819-1900
        Fax: (312) 819-1910
        E-mail: jswitzer@polsinelli.com
                jsoh@polsinelli.com

             Trustee's Response to the Objection

Gus A. Paloian, The Trustee, asked the Court to overrule ColFin's
objection.

Bret M. Harper, Esq., at Seyfarth Shaw LLP, argued that the Trustee
has sound business justification for using estate funds to
consummate sale of the Lombard Property and thereby capture the
benefit of the Settlement Agreement (which is scheduled to
terminate on April 12, 2015, if the sale has not been consummated
by that date) because the benefits far outweigh the risks.

Mr. Harper added that the benefit to the Estate of implementing the
Settlement is undeniable.  The Settlement Agreement would allow the
Estate to reduce claims against the Estate by at least $1,750,634
in exchange for a net payout of less than $700,000.  In addition,
the Estate would obtain the Lombard Property, free and clear of
mortgages, which the Trustee estimates to be worth $1,300,000.

According to Mr. Harper, even if ColFin prevailed on its defenses
to enforcement, the Trustee's proposed use of funds would cause no
harm to the Estate.  In the event that ColFin refuses to release
its junior mortgage, as required under the Settlement Agreement,
the Trustee intends to close the sale of the Lombard Property in
escrow, with both mortgages to attach to the escrowed funds with
the same priority they presently attach to the property.  Pursuing
the sale will therefore preserve the parties' positions pending
resolution of an action by the Trustee to enforce the Settlement
Agreement.

The Chapter 11 Trustee and his attorneys can be reached at:

         Gus A. Paloian, Esq.
         James B. Sowka, Esq.
         Bret M. Harper, Esq.
         SEYFARTH SHAW LLP
         131 South Dearborn Street, Suite 2400
         Chicago, Illinois 60603
         Telephone: (312) 460-5000
         E-mail: gpaloian@seyfarth.com
                 jsowka@seyfarth.com
                 bharper@seyfarth.com

                      About Dvorkin Holdings

Dvorkin Holdings, LLC, is a real estate holding company that
possesses or possessed ownership interests in 70 real properties,
either directly or indirectly through limited liability companies
or land trusts.  Dvorkin Holdings has interests in 40 non-debtor
entities.

Dvorkin Holdings filed a Chapter 11 petition (Bankr. N.D. Ill. Case
No. 12-31336) in Chicago on Aug. 7, 2012.  The Debtor disclosed
$69.9 million in assets and $9.30 million in liabilities as of the
Chapter 11 filing.  Michael J. Davis, Esq., at Archer Bay, P.A., in
Lisle, Ill., serves as counsel to the Debtor.  The petition was
signed by Loran Eatman, vice president of DH-EK Management Corp.

The Bankruptcy Court in October 2012 granted the request of Patrick
S. Layng, the U.S. Trustee for the Northern District of Illinois,
to appoint Gus Paloian as the Chapter 11 Trustee.

Seyfarth Shaw, LLP, represents the Chapter 11 Trustee as counsel.
Carpenter Lipps & Leland LLP represents the Chapter 11 Trustee as
conflicts counsel.

On March 16, 2015, the Clerk of the Court reassigned the case to
U.S. Bankruptcy Judge Jacqueline P. Cox.


FREDERICK'S OF HOLLYWOOD: Proposes $11MM of DIP Financing
---------------------------------------------------------
Frederick's of Hollywood, Inc. and its affiliated debtors ask the
Bankruptcy Court to enter interim and final orders authorizing them
to obtain postpetition financing from their existing lenders and
use cash collateral.

Salus CLO 2012-1, Ltd, as lender, and Salus Capital Partners, LLC,
as administrative agent and collateral agent, have agreed to
provide the Debtors are revolving credit facility in the maximum
committed amount of $11 million, $5.2 million of which will be
available on an interim basis.

The DIP Facility will mature 6 months from the execution of the DIP
Credit Agreement.  The DIP Facility will bear interest at the LIBOR
Rate plus 15.5%.  The DIP Agent will charge an unused line of
credit fee, and collateral monitoring fees.  The DIP Credit
Agreement contains usual and customary events of default.

The DIP Credit Agreement contains these milestones:

    * The Debtors fails to file the Sale Motion within two days of
the Petition Date;

    * The Bidding Procedures Order is not entered on or before 21
days after the Petition Date;

    * An auction is not conducted for the purchase of the assets on
or before 40 days after the Petition Date;

    * The Sale Order is not entered on or before 45 days after the
Petition Date; and

    * The closing of the sale of all or substantially all of the
Debtors' assets will not have occurred on or before the date that
is 60 days after the Petition Date.

The Debtors will be authorized to use cash collateral provided that
the prepetition secured parties will receive adequate protection in
the form of adequate protection liens, Sec. 507(b) claims, and
payment of fees and interest.

A copy of the DIP Financing Motion is available for free at:

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

                         About Frederick's

Frederick's of Hollywood Group Inc., sells women's apparel and
related products under its proprietary Frederick's of Hollywood
brand.  Frederick's had more than 200 brick-and-mortar stores at
its peak. At present it sells its products at its online shop at
http://www.fredericks.com/

On April 19, 2015, Frederick's of Hollywood and five affiliates
each filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code.  The cases are pending approval to
be jointly administered under Case No. 15-10836 before the
Honorable Kevin Gross (Bankr. D. Del.).

The Company disclosed $36.5 million in assets and $106 million in
debt as of the bankruptcy filing.  The material debt obligations
principally consist of $33 million in loans under a secured credit
agreement, $16.2 million in unsecured promissory notes, and $56.7
million in trade debt and liabilities to landlords.

The Debtors tapped Milbank, Tweed, Hadley & McCloy LLP, as
bankruptcy counsel; Richards, Layton & Finger, P.A., as local
counsel; Consensus Advisory Services LLC as investment banker and
financial advisor; and Kurtzman Carson Consultants LLC, as claims
and noticing agent.


FREDERICK'S OF HOLLYWOOD: Proposes ABG-Led Sale Process
-------------------------------------------------------
Frederick's of Hollywood, Inc. and its affiliated debtors ask the
U.S. Bankruptcy Court for the District of Delaware to approve a
sale process where Authentic Brands Group, LLC, would buy the
assets for $22.5 million plus a share of revenue, absent higher and
better offers.

Authentic Brands has signed a "stalking horse" agreement to acquire
the Debtors' e-commerce business, including intellectual property
and all inventory, for cash consideration of $22.5 million, subject
to price adjustments, and the right to receive 25% of Frederick's
of Hollywood brand related revenues in perpetuity, net of expenses,
after Authentic receives $10 million in Brand Revenues, pursuant to
the terms of a revenue sharing agreement.

The Company will run a court-authorized sale process and hold an
auction if other offers surface.  The Company proposes that
interested parties be required to submit initial bids by May 26,
2015, at 5 p.m. (Eastern Time) to participate in an auction that
will be held on May 28 at 10:00 a.m. (Eastern Time).  The Debtors
want a sale hearing to begin on or before June 2, 2015, and any
objections to the sale be due by May 26.

Competing bids must provide for a minimum overbid of $250,000 over
Authentic Brands' offer and must provide for a closing date that is
not later than June 30.

The Debtors propose to grant Authentic Brands certain bid
protections, including reimbursement of its reasonable expenses not
to exceed $300,000, and a termination fee of $850,000.

The Debtors believe that the bid protections are a necessary and
reasonable inducement for Authentic Brands to submit its stalking
horse bid and, thus, establish a "floor" for the sale of the
Debtors' assets and encourage competitive bidding and realization
of the highest possible value for the benefit of all stakeholders.

Salus Capital Partners, LLC, as administrative and collateral
agent, will have the right to submit a credit bid with respect to
any bulk or piecemeal sale of all or any portion of the lenders'
collateral.

                         About Frederick's

Frederick's of Hollywood Group Inc., sells women's apparel and
related products under its proprietary Frederick's of Hollywood
brand.  Frederick's had more than 200 brick-and-mortar stores at
its peak. At present it sells its products at its online shop at
http://www.fredericks.com/

On April 19, 2015, Frederick's of Hollywood and five affiliates
each filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code.  The cases are pending approval to
be jointly administered under Case No. 15-10836 before the
Honorable Kevin Gross (Bankr. D. Del.).

The Company disclosed $36.5 million in assets and $106 million in
debt as of the bankruptcy filing.  The material debt obligations
principally consist of $33 million in loans under a secured credit
agreement, $16.2 million in unsecured promissory notes, and $56.7
million in trade debt and liabilities to landlords.

The Debtors tapped Milbank, Tweed, Hadley & McCloy LLP, as
bankruptcy counsel; Richards, Layton & Finger, P.A., as local
counsel; Consensus Advisory Services LLC as investment banker and
financial advisor; and Kurtzman Carson Consultants LLC, as claims
and noticing agent.


FREDERICK'S OF HOLLYWOOD: Wants to Pay $1.4MM for Vendor Claims
---------------------------------------------------------------
Frederick's of Hollywood, Inc. and its affiliated debtors ask the
Bankruptcy Court for approval to pay (a) claims upon which a lien
may arise as a result of a mechanic's lien, artisan's lien,
materialman's lien, shipper's lien, warehouseman's lien, or any
other similar lien and (b) prepetition claims of certain critical
vendors and service providers.

The Debtors seek authority, in their sole discretion, to pay and
discharge, on a case-by-case basis, lien claims that the Debtors
believe have created, or could give rise to, a lien against the
Debtors' property, regardless of whether the related lien vendors
have already perfected their interests. The Debtors estimate that,
as of the Petition Date, the aggregate amount of the lien claims
does not exceed $200,000.

In addition, the Debtors seek authority to pay claims of critical
vendors in order to prevent the Chapter 11 cases from interrupting
the supply of critical goods.  Ensuring the continued supply of
critical goods and services may be particularly challenging for the
Debtors, given that the Debtors have closed all of their retail
stores prior to filing for bankruptcy, and the fact that the
Debtors are now in chapter 11.  The services provided by critical
vendors include, among other things, website infrastructure and
technology support, website traffic driving, customer email
marketing, and processing and shipping online customer orders.
Additionally, certain critical vendors provide various
administrative services in connection with operating the Debtors'
corporate headquarters, including internet and phone connection,
digital file storage, and tax calculation and reporting.  The
Debtors estimate that, as of the Petition Date, the aggregate
amount of critical vendor claims is $1,200,000.

The Debtors request that they be authorized, in their sole
discretion, to condition the payment of a vendor claim on the
agreement of the vendor to continue supplying goods and services on
customary trade terms.

The Debtors want approval to pay up to $100,000 in lien claims and
up to $650,000 in critical vendor claims upon interim approval of
the motion.

                         About Frederick's

Frederick's of Hollywood Group Inc., sells women's apparel and
related products under its proprietary Frederick's of Hollywood
brand.  Frederick's had more than 200 brick-and-mortar stores at
its peak. At present it sells its products at its online shop at
http://www.fredericks.com/

On April 19, 2015, Frederick's of Hollywood and five affiliates
each filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code.  The cases are pending approval to
be jointly administered under Case No. 15-10836 before the
Honorable Kevin Gross (Bankr. D. Del.).

The Company disclosed $36.5 million in assets and $106 million in
debt as of the bankruptcy filing.  The material debt obligations
principally consist of $33 million in loans under a secured credit
agreement, $16.2 million in unsecured promissory notes, and $56.7
million in trade debt and liabilities to landlords.

The Debtors tapped Milbank, Tweed, Hadley & McCloy LLP, as
bankruptcy counsel; Richards, Layton & Finger, P.A., as local
counsel; Consensus Advisory Services LLC as investment banker and
financial advisor; and Kurtzman Carson Consultants LLC, as claims
and noticing agent.


FREDERICK'S OF HOLLYWOOD: Yand.com Comments on Store Closings
-------------------------------------------------------------
Yandy.com, one of the country's largest online retailers of
lingerie and related intimate apparel, has released a statement
from Founder and CEO, Chad Horstman, on the Wall Street Journal
report of a bankruptcy filing by Frederick's of Hollywood, as well
as Frederick's recent announcement that all stores have been closed
and sales have shifted exclusively to the company's website.

"The news of Frederick's struggles and store closures further
validates the premise that Yandy was founded upon," said Mr.
Horstman.  "Specifically, that consumers are more comfortable
shopping for lingerie and intimate apparel online and that a
fundamental shift in retailing was well under way.  Over the past
decade, a number of traditional mall retailers have struggled to
remain relevant as consumers have changed how they shop at malls
and consumers found new ways to engage and identify with brands
online."

Founded in Mr. Horstman's garage in 2006, not long after
Frederick's emerged from its first bankruptcy filing, Yandy.com has
since emerged as the country's largest online retailer of sexy
lingerie behind only Victoria's Secret, with over 40,000 items
stocked in its company-owned 37,000 square foot warehouse in
Phoenix.  While the privately-owned company has not released its
annual sales statistics, it did confirm that it had long ago
surpassed the $28 million of annual online revenue that Frederick's
is reported to have generated in 2014.  In addition to lingerie,
panties, bras, swimwear, and plus-size lingerie, the company has
also become known as the leading U.S. e-commerce retailer of adult
Halloween costumes.  "Unlike the brick-and-mortar approach that
Frederick's was built on many years ago, e-commerce affords us
numerous advantages over traditional retailers ranging from
sophisticated consumer engagement and customization to superior
speed and pricing, which form the pillars of exceptional customer
service that our clientele expect and rely upon," said Mr.
Horstman.  "Combined with the intimate nature of a product like
lingerie, it is no surprise that Yandy and the online channel
generally have continued to take significant market share from
brick-&-mortar retailers, a trend that has only accelerated in
recent years and shows no signs of slowing down."

                       About Yandy.com

Yandy.com is one of the world's largest online retailers of women's
lingerie, swimwear, rave wear, hosiery and sexy Halloween costumes.
Founded in 2006, Yandy boasts thousands of affordably priced
products that are always in stock, allowing for quick, same-day
shipping. Designated as a Google Trusted Store, Yandy prioritizes
unrivaled customer service and a commitment to ensuring that every
customer receives a safe and secure online shopping experience.
Yandy prides itself on selling items for every shape and size.  At
Yandy, every customer can #Be Sexy

                         About Frederick's

Frederick's of Hollywood Group Inc., sells women's apparel and
related products under its proprietary Frederick's of Hollywood
brand.  Frederick's had more than 200 brick-and-mortar stores at
its peak. At present it sells its products at its online shop at
http://www.fredericks.com/

On April 19, 2015, Frederick's of Hollywood and five affiliates
each filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code.  The cases are pending approval to
be jointly administered under Case No. 15-10836 before the
Honorable Kevin Gross (Bankr. D. Del.).

The Company disclosed $36.5 million in assets and $106 million in
debt as of the bankruptcy filing.  The material debt obligations
principally consist of $33 million in loans under a secured credit
agreement, $16.2 million in unsecured promissory notes, and $56.7
million in trade debt and liabilities to landlords.

The Debtors tapped Milbank, Tweed, Hadley & McCloy LLP, as
bankruptcy counsel; Richards, Layton & Finger, P.A., as local
counsel; Consensus Advisory Services LLC as investment banker and
financial advisor; and Kurtzman Carson Consultants LLC, as claims
and noticing agent.


FRESH PRODUCE: Seeks to Use Wells Fargo Cash Collateral
-------------------------------------------------------
Fresh Produce Holdings, LLC, seeks authority from the U.S.
Bankruptcy Court for the District of Colorado to use cash
collateral securing their prepetition indebtedness from Wells Fargo
Bank, N.A., to fund general overhead, administrative expenses and
operating expenses to enable the Debtor to sell its assets for
maximum value.

The credit agreement with Wells Fargo secures the payment of the
Debtor's obligations under a revolving note in the amount of $10
million.  As of the Petition Date, the Debtor was indebted to the
secured lender in the approximate amount of $3,941,572, exclusive
of contingent liabilities, swap liabilities and fees and expenses
owed pursuant to the Loan Documents.  The secured lender asserts a
first priority lien and security interest in all of the Debtor's
assets, including all of the Debtor's cash.

The Debtor's agreement to use cash collateral postpetition provides
for the granting of adequate protection to the secured lender in
the form of a replacement lien and superpriority expense claim.

                     About Fresh Produce

Fresh Produce Holdings, LLC, commenced a Chapter 11 bankruptcy
case
(Bankr. D. Col. Case No. 15-13485) in Denver, Colorado, on April
4,
2015, without stating a reason.

Boulder, Colorado-based Fresh Produce --
http://www.freshproduceclothes.com/-- designs, develops and  
markets women's apparel and accessories.  The company says its
collections of tops, pants, skirts and dresses feature a signature
garment dye process with more than 80 percent produced right here
in the USA.  It says products are available in 26 company-owned
boutiques located across the United States, as well as 400
independent retail locations.

The Debtor estimated $10 million to $50 million in assets and debt
in its Chapter 11 petition.

The Debtor is represented by Michael J. Pankow, Esq., at
Brownstein
Hyatt Farber Schreck, in Denver.

The case is assigned to Judge Sidney B. Brooks.

The Debtor's subsidiary earlier commenced bankruptcy cases on
April
2, 2015: FP Brogan-Sanibel Island, LLC (Case No. 15-13420), Fresh
Produce Coconut Point, LLC (Case No. 15-13421), Fresh Produce of
St. Armands, LLC (Case No. 15-13417), Fresh Produce Retail, LLC
(15-13415), and Fresh Produce Sportswear, LLC (15-13416).


GASFRAC ENERGY: Some Proceeds Set Aside for Ad Valorem Taxes
------------------------------------------------------------
Step Energy Services Ltd. on April 2, 2015, closed on its
acquisition of substantially all the assets of GASFRAC Energy
Services Inc., et al., pursuant to the transaction approved by the
Court of Queen's Bench of Alberta and the U.S. Bankruptcy Court for
the Western District of Texas.

U.S. Bankruptcy Judge Craig A. Gargotta entered an order approving
the sale on March 18, 2015.  A copy of the sale order is available
for free at http://bankrupt.com/misc/GASFRAC_Sale

The Texas Ad Valorem Tax Authorities, which possess the authority
under the laws of the State of Texas to asses and collect ad
valorem taxes, filed in U.S. Bankruptcy Court a limited objection
to the sale.  The Authorities say that as the Debtor/Monitor seeks
to sell assets, the Authorities' tax liens transfer to the related
sale proceeds and become their cash collateral.  So long as their
secured claims remain unpaid, the Authorities say that the
Debtor/Monitor may not distribute any cash proceeds to any other
creditor.

To address the objection, the U.S. Court's order provides that the
proceeds of the sale of the assets received by the Debtor, prior to
distribution of any proceeds to any creditor except for PNC Bank
and PNC Bank Canada, the amount of US$1,591,439 will be set aside
by the Debtor/Monitor in a segregated account as adequate
protection for the year 2015 and prior ad valorem claims of Wilson
County, Harris County, Montgomery County, Cypress-Fairbanks
Independent School District and all taxing units for which said
entities collect ad valorem taxes.

                      About GASFRAC Energy

Headquartered in Calgary, Canada, GASFRAC Energy Services Inc. --
http://www.gasfrac.com/-- provided liquid petroleum gas (LPG)
fracturing services to oil and gas companies in Canada and the
United States of America.  As of Dec. 31, 2011, GASFRAC had three
32 tons and nine 100 tons sand storage vessels, 47 fracturing
pumpers, 150 LPG storage tanks and related equipment.  GASFRAC's
services are marketed and operated under the name of its wholly
owned subsidiary GASFRAC Energy Services Limited Partnership.

GASFRAC commenced proceedings and obtained court protection under
the CCAA pursuant to an initial order granted by the Court of
Queen's Bench, in the Province of Alberta, on Jan. 15, 2015, "as a
result of a combination of continuing negative operating results,
limited access at the present time to capital markets for junior
issuers such as the Corporation, reduced industry activity
resulting from depressed petroleum and natural gas commodity prices
and the inability of the Corporation to obtain a suitable offer for
the purchase of the Corporation or its assets after a strategic
alternative process, which commenced on November 13, 2014, that
would satisfy all of the Corporation's existing financial
obligations, both secured and unsecured."

Ernst & Young Inc., as monitor, sought protection under Chapter 15
of the U.S. Bankruptcy Code for GASFRAC Energy Services Inc. and
its five affiliates (Bankr. W.D. Tex. Case No. 15-50161) on Jan.
15, 2015.  The Chapter 15 cases are assigned to Judge Craig A.
Gargotta.

The Chapter 15 Petitioners are represented by Timothy S. Springer,
Esq., Steve A. Peirce, Esq., and Louis R. Strubeck, Esq., at
Fulbright & Jaworski LLP.


GENARO'S CORPORATION: Case Summary & 15 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Genaro's Corporation
           fka F/K/A Genaro's Corporation II
           fka F/K/A Hirtanzo, Inc.
           dba King Food And Meat Bazaar
        1000 36th Street
        West Palm Beach, FL 33407

Case No.: 15-17100

Chapter 11 Petition Date: April 20, 2015

Court: United States Bankruptcy Court
       Southern District of Florida (West Palm Beach)

Judge: Hon. Erik P. Kimball

Debtor's Counsel: Malinda L Hayes, Esq.
                  2925 PGA Blvd., Suite #204
                  Palm Beach Gardens, FL 33410
                  Tel: 561-626-4700
                  Fax: 561-627-9479
                  Email: malinda@fwbpa.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Genaro Espinal, president.

A list of the Debtor's 15 largest unsecured creditors is available
for free at http://bankrupt.com/misc/flsb15-17100.pdf


GENERAL MOTORS: 2nd Circ. Rejects JPMorgan Rehearing Bid
--------------------------------------------------------
Law360 reported that the Second Circuit on April 13 rejected
JPMorgan Chase Bank NA's bid for the rehearing of a
January decision enforcing a paperwork error filed by Mayer Brown
LLP and overlooked by Simpson Thacher & Bartlett LLP in the General
Motors Corp. bankruptcy, despite the bank's warning that the
decision's fallout could be catastrophic.

According to the report, the late-Monday [April 13] decision leaves
JPMorgan with one final option -- an appeal to the U.S. Supreme
Court -- to avoid losing its security interest on a $1.5 billion
loan to GM's bankrupt predecessor.

                    About General Motors

With its global headquarters in Detroit, Michigan, General Motors
-- http://www.gm.com/-- is one of the world's largest automakers,
traces its roots back to 1908.

General Motors Co. was formed to acquire the operations of
General Motors Corp. through a sale under 11 U.S.C. Sec. 363
following Old GM's bankruptcy filing.  The U.S. government
provided financing.  The deal was closed July 10, 2009, and Old GM
changed its name to Motors Liquidation Co.

Old GM -- General Motors Corporation -- filed for Chapter 11
protection (Bankr. S.D.N.Y. Lead Case No. 09-50026) on June 1,
2009.  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  The Debtors tapped Weil, Gotshal & Manges LLP
Jenner & Block LLP and Honigman Miller Schwartz and Cohn LLP as
counsel; and Morgan Stanley, Evercore Partners and the Blackstone
Group LLP as financial advisor.  Garden City Group is the claims
and notice agent of the Debtors.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors and a separate Official Committee of Unsecured
Creditors Holding Asbestos-Related Claims.  Lawyers at Kramer
Levin Naftalis & Frankel LLP served as bankruptcy counsel to the
Creditors Committee.  Attorneys at Butzel Long served as counsel
on supplier contract matters.  FTI Consulting Inc. served as
financial advisors to the Creditors Committee.  Elihu Inselbuch,
Esq., at Caplin & Drysdale, Chartered, represented the Asbestos
Committee.  Legal Analysis Systems, Inc., served as asbestos
valuation analyst.

The Bankruptcy Court entered an order confirming the Debtors'
Second Amended Joint Chapter 11 Plan on March 29, 2011.  The Plan
was declared effect on March 31.

On Dec. 15, 2011, Motors Liquidation was dissolved.  On the
Dissolution Date, pursuant to the Plan and the Motors Liquidation
Company GUC Trust Agreement, dated March 30, 2011, between the
parties thereto, the trust administrator and trustee
-- GUC Trust Administrator -- of the Motors Liquidation Company
GUC Trust, assumed responsibility for the affairs of and certain
claims against MLC and its debtor subsidiaries that were not
concluded prior to the Dissolution Date.

                         *     *     *

The Troubled Company Reporter, on Aug. 29, 2014, reported that
Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of
General Motors Company (GM) and its General Motors Holdings LLC
(GM Holdings) subsidiary at 'BB+'.  In addition, Fitch has
affirmed GM Holdings' secured revolving credit facility rating at
'BBB-' and GM's senior unsecured notes rating at 'BB+'.  The
Rating Outlook for GM and GM Holdings is Positive.



HEI INC: Amends Schedules of Assets and Liabilities
---------------------------------------------------
HEI, Inc., filed with the Bankruptcy Court amended schedules of
assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                $3,675,000
  B. Personal Property            $8,593,269
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $3,370,035
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $156,718
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $3,764,124
                                 -----------      -----------
        TOTAL                    $12,268,269       $7,290,877

The Debtor disclosed $12,268,270 in assets and $7,584,465 in
liabilities in the previous iteration of the schedules.

A copy of the amended schedules is available for free at:

        http://bankrupt.com/misc/HEIINC_240_sal_amended.pdf

                          About HEI Inc.

HEI, Inc., filed a Chapter 11 bankruptcy petition (Bankr. D. Minn.
Case No. 15-40009) in Minneapolis, Minnesota, on Jan. 4, 2015.  The
case is assigned to Judge Kathleen H. Sanberg.

The deadline for governmental entities to file claims is July 6,
2015.

The Debtor has tapped James L. Baillie, Esq., James C. Brand, Esq.,
and Sarah M Olson, Esq., at Fredrikson & Byron P.A., as counsel;
Alliance Management as business and financial consultant; and
Winthrop & Weinstine, P.A., as special counsel.

On Jan. 9, 2015, the Office of the United States Trustee appointed
an Official Committee of Unsecured Creditors comprised of: (a)
Teamvantage Molding LLC; (b) Watson-Marlow, Inc.; and (c) the
Vergent Products.  The United States Trustee has designated Cathy
Longtin of Teamvantage Molding LLC as acting chairperson, and the
Committee selected Ms. Longtin as permanent chairperson.


HORIZON PHARMA: S&P Assigns ‘B’ CCR, Outlook Stable
-------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Horizon Pharma PLC. The outlook is stable.

S&P also assigned a 'BB-' issue-level and '1' recovery rating to
U.S.-based subsidiary Horizon Pharma Inc.'s senior secured term
loan. The '1' recovery rating indicates expectations of very high
(90% to 100%) recovery in the event of a default. In addition, S&P
assigned a 'B-' issue-level and '5' recovery rating to Horizon
Pharma Inc.'s senior unsecured notes. The '5' recovery rating
indicates expectations of modest (10% to 30%, in the lower half of
the range) recovery in a default. At the same time, S&P
assigned a 'CCC+' debt and '6' recovery rating to Horizon Pharma
Investment Ltd.'s convertible notes. The '6' recovery rating
indicates expectations of negligible (0% to 10%) recovery in a
default.

"The 'B' corporate credit rating on specialty pharmaceutical
company Horizon Pharma PLC (Horizon) is based on our assessments of
a 'weak' business risk profile and a 'highly leveraged' financial
risk profile," said Standard & Poor's credit analyst Arthur Wong.
The rating also reflects S&P's assessment that Horizon's financial
risk profile is more reflective of a B corporate credit rating than
a B- corporate credit rating.

Horizon specializes in acquiring and marketing legacy and niche
branded pharmaceuticals with at least five years of patent
protection remaining and the potential for patent extension or
expansion into additional indications. The company seeks to enhance
the value of its acquired products through the implementation of
price increases and additional sales efforts.

The stable outlook on Horizon reflects the company's relatively
short track record of successfully acquiring underpromoted products
and subsequently growing the sales and EBITDA margin of the
acquired products. S&P also projects that Horizon will continue to
remain acquisitive as it seeks to build its core pharmaceutical and
orphan drug portfolios.

Standard & Poor's could lower the ratings if the company's margins
fall short of its base-case expectations as a result of integration
difficulties or successful patent challenges to one of its larger
selling products.

A higher rating is unlikely over the next year. The company's
business risk is constrained by its small scale and narrow product
and therapeutic focus. Standard & Poor's would contemplate a
positive outlook should the company significantly exceed its
base-case expectations for deleveraging, dropping leverage to the
under-5x area longer term, and establish a continued track record
of success in growing sales of acquired products.




INTERNATIONAL AUTOMOTIVE: S&P Cuts Corp. Credit Rating to ‘B’
-----------------------------------------------------------------
Standard & Poor's Ratings Services said that it has lowered its
corporate credit rating on Luxembourg-based global auto supplier
International Automotive Components Group S.A. to 'B' from 'B+'.
The outlook is stable.

S&P said, "At the same time, our 'B' issue-level rating on the
company's senior secured notes remains unchanged but we have
revised the recovery rating to 4 from 5, indicating our
expectations for average (30%-50%; upper half of the range)
recovery of principal in the event of a default."

"The downgrade incorporates our "vulnerable" assessment of IAC's
business risk profile," said Standard & Poor's credit analyst
Lawrence Orlowski. "As a supplier that primarily focuses on vehicle
interiors, IAC's business is capital intensive and characterized by
high fixed costs, volatile raw material costs, and pricing pressure
from customers and competitors," said Mr. Orlowski.

Moreover, IAC faced capacity constraints and launched multiple new
programs during 2014, limiting its margin expansion despite a 7.4%
increase in revenue compared with 2013. S&P believes that some of
these operational pressures will persist in 2015.

The stable outlook on IAC reflects S&P' view that the company's
financial metrics should stay in line with its expectations for the
current rating, namely a debt leverage metric of less than 4.0x and
a FOCF-to-debt ratio of at least 5%.

S&P said, "We could lower our ratings if IAC's FOCF-to-debt ratio
were to fall below 5%, or if we believe that its debt-to-EBITDA
metric, including our adjustments, would exceed 5x on a sustained
basis rather than stay flat or decline. This could occur because of
a downturn in global light vehicle production or a potential
increase in raw material prices.

"We could raise our ratings if we believe that the company was able
improve its business risk profile by realizing operational
efficiencies and achieving better pricing power. This would be
demonstrated by steady EBITDA margin expansion. In addition, we
would expect the company to continue to improve its ability to
recover raw material costs with its customers."


JPH LAS VEGAS: Court to Consider NHI's Lift Stay Motion Today
-------------------------------------------------------------
The U.S. Bankruptcy Court in Nevada will hold a hearing today to
consider the request of Nightingale Holdings, Inc. to lift the
automatic stay with respect to a property owned by JPH Las Vegas
LLC.

The property, which consists of two parcels of undeveloped land,
serves as collateral for two JPH loans purchased by Nightingale
through Community Bank of Nevada.  As of March 3, JPH owes its
secured creditor more than $7.9 million, court filings show.

JPH's bankruptcy filing on Feb. 4 automatically halted a
foreclosure sale of the property, which was supposed to be
conducted within that day.

Under Section 362 of the Bankruptcy Code, the filing of a
bankruptcy case triggers an injunction against the continuance of
an action by any creditor against the debtor or its property.  The
automatic stay gives the debtor protection from its creditors
subject to the oversight of the bankruptcy judge.

In an objection filed with the bankruptcy court, Nightingale said
relief from the automatic stay is warranted since its interest in
the collateral is not "adequately protected" and that the property
is not necessary for JPH's reorganization.

In response, JPH argued its secured creditor is "more than
adequately protected" given the company's ability to obtain
financing and make additional payments, and what it is capable of
achieving through a potential plan of reorganization.

                       About JPH Las Vegas

Based in Los Angeles, JPH Las Vegas LLC filed for Chapter 11
bankruptcy on Feb. 4, 2015 (Bankr. D. Nev. Case No.: 15-10522).

Judge August B. Landis presides the Debtor's bankruptcy case.
Matthew C. Zirzow, Esq., at Larson & Zirzow LLC, represents the
Debtor in its case.  The Debtor both estimated assets and
liabilities between $10 million and $50 million.


KARMALOOP INC: Gets Nod For Ch. 11 Sale Plan With May Auction
-------------------------------------------------------------
Law360 reported that U.S. Bankruptcy Judge Mary F. Walrath on April
15 agreed to greenlight Karmaloop Inc.'s plans for a Chapter 11
sale with senior secured lenders stepping in as the stalking horse
bidder for an auction that would take place shortly after Memorial
Day.

At a hearing in Wilmington, Judge Walrath said that she would sign
a revised bid procedures order after learning that objections to
the sale plan from the official committee of unsecured creditors
had been resolved.

                         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: Bid for $14MM in Add'l Loans Facing Objections
--------------------------------------------------------
The Mississippi Development Authority filed an objection to KiOR,
Inc.'s motion to obtain an additional $14 million in superpriority
secured post-petition financing and extension of the plan effective
date deadline to Sept. 30, 2015.

Counsel for the MDA, Dennis A. Meloro, Esq., at Greenberg Traurig,
LLP, notes that on Jan. 16, 2015, during the Final DIP Hearing
concerning approval of the initial $15 million DIP Facility, the
Court found that approval of the DIP Facility presented a close
case.  However, the Court authorized the initial DIP Facility in
order to allow the Debtor and the Khosla Parties an opportunity to
attempt to confirm the First Amended Chapter 11 Plan of
Reorganization  they had submitted prior to the Final DIP Hearings.
The Final DIP Order entered by the Court set Feb. 12, 2015 as the
deadline for confirmation of the proposed plan.  The Final DIP
Order also set Feb. 27, 2015 as the deadline for the effective date
of such plan.

Mr. Meloro notes that now, after failing to promptly pursue
confirmation of the proposed First Amended Plan, and allowing the
exclusivity period to expire, the Debtor and Khosla Parties are
back.  This time they seek approval of an additional $14 million in
superpriority secured post-petition financing and extension of the
plan effective date deadline to Sept. 30, 2015.  The Debtor and the
Khosla Parties have also proposed a new Second Amended Chapter 11
Plan of Reorganization, but this new plan is no more feasible than
the prior proposed plans.  Among other things, there is still no
committed exit funding.

According to the MDA, the additional $14 million in DIP funding
proposed by the Debtor and the Khosla Parties should not be
authorized.  "The stated purpose of the Additional DIP Funding is
to finance pursuit of unnecessary litigation against the MDA in the
Debtor's bankruptcy case.  As evidenced by the $7.6 million budget
for legal and professional fees attached to the Additional DIP
Financing Motion, such litigation will be expensive. It will also
(a) be time consuming, (b) prejudice the substantive rights of
creditors and parties in interest, (c) provide no reasonable
certainty of resolution or reorganization, and (d) substantially
increase potential superpriority adequate protection and deficiency
claims against the bankruptcy estate.  Moreover, the bankruptcy
estate has no revenues and no assets from which to pay any such
additional superpriority claims.  Furthermore, while increased
funding further subordinates other creditors to the superpriority
claims of the Khosla Parties, there is no potential corresponding
benefit for the non-insider creditors of the bankruptcy estate,"
the MDA tells the Court.

The MDA also avers that more importantly, adding an additional $14
million in superpriority claims to fund litigation is wholly
unnecessary.  In the proposed DIP Amendment the Khosla Parties
state that, if such litigation does not go forward, the Khosla
Parties will simply seek to purchase the Debtor's assets and
operations.  Specifically, the proposed DIP Amendment provides that
if the Court does not make a determination that obligations owed to
the MDA are dischargeable or does not "allow the Borrower to remain
in the Chapter 11 Case, without going forward with the timely
prosecution of a plan", then the Khosla Parties "shall negotiate in
good faith with the Borrower to acquire substantially all of the
Borrower's assets that are subject to the DIP Liens in satisfaction
of the DIP Obligations."  Let them do so now and avoid months of
costly litigation and unwarranted delays that would unfairly
prejudice and adversely affect the substantive rights of other
creditors, while accomplishing nothing of value for the bankruptcy
estate.  

According to the MDA, upon sale of the Debtor's operational assets
as proposed by the Khosla Parties, an appropriate neutral estate
fiduciary, serving the best interests of all creditors, not just
Vinod Khosla, can be appointed by the Court to efficiently and
fairly administer the bankruptcy estate.

Attorneys for the MDA can be reached at:

         GREENBERG TRAURIG, LLP
         Dennis A. Meloro, Esq.
         The Nemours Building
         1007 North Orange Street, Suite 1200
         Wilmington, DE 19801
         Telephone: (302) 661-7000
         Facsimile: (302) 661-7360
         E-mail: MeloroD@gtlaw.com

               - and -

         David B. Kurzweil, Esq.
         R. Kyle Woods, Esq.
         Terminus 200
         3333 Piedmont Road, NE, Suite 2500
         Atlanta, GA 30305
         Telephone: (678) 553-2680
         Facsimile: (678) 553-2681
         E-mail: KurzweilD@gtlaw.com
                 WoodsK@gtlaw.com

               - and –

         Shari L. Heyen, Esq.
         1000 Louisiana, Suite 1700
         Houston, TX 77002
         Telephone: (713) 374-3564
         Facsimile: (713) 818-3795
         E-mail: HeyenS@gtlaw.com


               - and –

         MCCRANEY MONTAGNET QUIN & NOBLE, PLLC
         Douglas C. Noble, Esq.
         William M. Quin II, Esq.
         602 Steed Road, Suite 200
         Ridgeland, MS 39157
         Telephone: (601) 707-5725
         Facsimile: (601) 510-2939
         E-mail: Dnoble@mmqnlaw.com
                 Wquin@mmqnlaw.com

A full-text copy of MDA's objection is available for free at:
http://bankrupt.com/misc/KiOR_Obj_MDA_14M_DIP.pdf

Another party, Robert C. Dalton, also submitted an objection to the
Debtor's motion to enter into a first amendment to the DIP
financing agreement.  A copy of the objection is available for free
at http://bankrupt.com/misc/KiOR_Obj_Dalton_14M_DIP.pdf

                          About KiOR Inc.

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

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

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

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

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

                           *     *     *

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's reorganization
plan.  Judge Sontchi approved the disclosure statement explaining
the Plan on April 9.

The Plan provides for secured lenders including Sun Microsystems
founder Vinod Khosla's Khosla Ventures III LP to own the
reorganized business in exchange for $29 million in bankruptcy
financing and some of the secured debt they hold.  Unsecured
creditors will split the $100,000 to be provided to a liquidating
trust.  Continuing suppliers will receive 50 percent.


LEVI STRAUSS: S&P Assigns BB Rating to $475MM Unsecured Notes
-------------------------------------------------------------
Standard & Poor's Ratings Services said it has assigned its 'BB'
ratings to San Francisco-based Levi Strauss & Co.'s issuance of
$475 million senior unsecured notes due 2025.

The recovery rating of '4' on the unsecured instruments indicates
S&P's expectation of average recovery (30% to 50%, at the high end
of the range) in the event of a payment default.

The company will use the proceeds of the new notes, together with
balance sheet cash and a draw on an unrated revolver, to redeem the
$525 million 7.625% senior unsecured notes due May 2020 and pay
transaction fees and expenses. S&P expects the new notes to have a
less restrictive covenant structure than the redeemed notes.

S&P's 'BB' corporate credit rating on Levi Strauss is unchanged by
the new debt issuance. The outlook is stable. The ratings reflect
its strong credit measures from consistent operating performance,
solid market positions in jeanswear categories, and global
operations as well as its participation in the highly competitive
apparel industry.



LIGHTSQUARED INC: Losses Since Bankruptcy Top $2 Billion
--------------------------------------------------------
Joseph Checkler at Daily Bankruptcy Review reports that
LightSquared Inc.'s bankruptcy has hit another milestone: $2
billion in losses since Philip Falcone's wireless venture filed for
Chapter 11 protection in May 2012.

In an April 15, filing with U.S. Bankruptcy Court in Manhattan,
LightSquared said it lost $72.7 million in March, bringing its
total loss since filing for bankruptcy to $2.07 billion, according
to Daily Bankruptcy Review reports.

                    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.



LONGVIEW POWER: Files Supplements to 2nd Amended Plan
-----------------------------------------------------
Longview Power, LLC, et al., filed plan supplements in support of
the Debtors' Second Amended Joint Plan of Reorganization Pursuant
to Chapter 11 of the Bankruptcy Code (with Technical
Modifications), filed in the Chapter 11 cases on March 9, 2015.
The Court on March 16, 2015, entered an order confirming the Plan.

The Debtors filed the plan supplements following discussions with
certain contract parties.  Copies of the documents are available
for free at:

    http://bankrupt.com/misc/LongView_PS_Modifications.pdf
    http://bankrupt.com/misc/LongView_PS_Credit_Agreement.pdf
    http://bankrupt.com/misc/LongView_PS_New_Org.pdf

                       About Longview Power

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

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

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

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

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


MUNDY RANCH: Directed to Comply with Plan and Pay Rabo
------------------------------------------------------
Rabo Agrifinance, Inc., filed with the U.S. Bankruptcy Court for
the District of New Mexico a motion to enforce implementation of
Mundy Ranch's confirmed Chapter 11 plan.  Rabo previously prevailed
against Debtor in an adversary proceeding in which Rabo sought
payment of a $10,000 prepayment premium, plus $14,943 in fees.  The
Debtor has not paid those amounts as required by the Court's orders
and by Debtor's confirmed Chapter 11 plan.  Accordingly, Rabo
sought an order directing Debtor to pay the amount due.

Following a preliminary hearing on March 26, 2015 at 11:00 a.m.,
Judge Robert H. Jacobvitz ordered that:

   1. The Debtor is directed to confer in good faith with Rabo to
make arrangements to pay the $10,000 prepayment premium, plus
$14,943 in fees, as previously ordered by the Court.

   2. In the event the parties cannot agree on such arrangements or
Debtor fails to pay the amounts Debtor has been ordered to pay,
Rabo can foreclose any judgment lien arising from the adversary
proceeding in the Bankruptcy Court.  If Rabo takes such measures to
recover payment from Debtor, the Court will consider awarding
attorneys' fees to Rabo as a sanction for Debtor's failure to
comply with its previous orders.

                        About Mundy Ranch

Mundy Ranch Inc. -- http://www.mundyranch.com/-- is a family-owned
corporation organized under the laws of the State of New Mexico
with its principal place of business in Rio Arriba County, New
Mexico.  Mundy Ranch sells undeveloped parcels of real property in
northern New Mexico which together occupy approximately 6,000 acres
of land.  The majority of the land consists of an undivided 5,500
acre parcel, which is also called Mundy Ranch.  Mundy Ranch
scheduled the Mundy Ranch Parcel as having a value of $17,000,000,
with secured claims against the Mundy Ranch Parcel in the amount of
$2,095,000.  Mundy Ranch generates substantially all of its revenue
from developing and selling parcels of land.  It generates a small
amount of revenue by selling Christmas trees.

Mundy Ranch, Inc., filed a Chapter 11 petition (Bankr. D. N.M. Case
No. 12-13015) in Albuquerque, New Mexico.  The Law Office of George
Dave Giddens, PC, in Albuquerque, serves as counsel to the Debtor.
The Debtor estimated assets of $10 million to $50 million and debts
of up to $10 million.

Judge Robert Jacobvitz confirmed on June 2, 2014, the Debtor's
Second Amended Plan of Reorganization dated May 2, 2014, as
modified.


NAARTJIE CUSTOM: Wants Exclusive Right to File Plan Until June 9
----------------------------------------------------------------
Naartjie Custom Kids, Inc., is seeking an extension of its
exclusive periods to file a chapter 11 plan until June 9, 2015, and
solicit acceptances for that plan until Aug. 10.

Explaining its request for a second extension, the Debtor said it
needs additional time to negotiate a consensual resolution of the
case either through a structured dismissal or through a chapter 11
plan.

To date, the Debtor has spent substantial time seeking to sell its
assets to maximize value before the value of those assets
diminished.  Now, the Debtor is working with its creditor
constituents to consensually resolve the case, to close the sale of
its intellectual property and interests in ZA One to Truworths
Limited, to complete the claims reconciliation process, to
establish the universe of allowable administrative expense claims,
and to wind up the Debtor's affairs.

The Debtor in represented by:

         Annette W. Jarvis, Esq.
         Peggy Hunt, Esq.
         Michael F. Thomson, Esq.
         Jeffrey M. Armington, Esq.
         DORSEY & WHITNEY LLP
         136 South Main Street, Suite 1000
         Salt Lake City, UT 84101-1685
         Tel: (801) 933-7360
         Fax: (801) 933-7373
         E-mail: jarvis.annette@dorsey.com
                 hunt.peggy@dorsey.com
                 thomson.michael@dorsey.com
                 armington.jeff@dorsey.com

                     About Naartjie Custom Kids

Naartjie Custom Kids, Inc., which designs, manufactures and sells
children's clothing, accessories and footwear for ages newborn
through 10 years old, sought protection under Chapter 11 of the
Bankruptcy Code on Sept. 12, 2014 (Bankr. D. Utah Case No. 14-
29666).  The case is assigned to Judge William T. Thurman.

The Debtor's counsel is Annette W. Jarvis, Esq., Jeffrey M.
Armington, Esq., Benjamin J. Kotter, Esq., and Michael F. Thomson,
Esq., at Dorsey & Whitney LLP, in Salt Lake City, Utah.

The Official Committee of Unsecured Creditors is represented by
Pachulski Stang Ziehl & Jones LLP as its counsel.  Ray Quinney &
Nebeker P.C. serves as local counsel.  FTI Consulting, Inc. serves
as its financial advisor.


NATIONAL AGGREGATES: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: National Aggregates LLC
        Ste 101, 251 N. Peters Rd
        Knoxville, TN 37923

Case No.: 15-31248

Chapter 11 Petition Date: April 20, 2015  

Court: United States Bankruptcy Court
       Eastern District of Tennessee (Knoxville)

Debtor's Counsel: James H. Price, Esq.
                  LACY, PRICE & WAGNER, P.C.
                  249 N. Peters Road, Suite 101
                  Knoxville, TN 37923
                  Tel: 865-246-0800
                  Fax: 8656908199
                  Email: jprice@lpwpc.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by David Everhart, president.

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


NII HOLDINGS: Files Black-lined Copy of Amended Plan
----------------------------------------------------
Following entry into a sale transaction for their operations in
Mexico to an affiliate of AT&T for $1.875 billion, NII Holdings
Inc., et al., together with its official committee of unsecured
creditors, filed a First Amended Joint Plan of Reorganization on
March 13, 2015.  The Amended Plan provides improved recoveries and
recoveries that include cash distributions.  On April 2, the
Debtors served notice of filing of clean and black-line versions of
the First Amended Plan and Disclosure Statement.  The black-lined
copies reflect changes made to the Disclosure Statement and Plan.
A copy of the document is available for free at:

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

                      About NII Holdings

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

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

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

and $3.068 billion in liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 2 appointed five creditors of NII
Holdings to serve on the official committee of unsecured
creditors. The panel is represented by Kenneth H. Eckstein, Esq.
and Adam C. Rogoff, Esq. of Kramer Levin Naftalis & Frankel LLP.
Kurtzman Carson Consultants LLC is the panel's information agent.

                          *     *     *

On Nov. 24, 2014, the Debtors filed a first plan support agreement.
On Dec. 22, 2014, the Debtors filed a plan of reorganization.

On Jan. 26, 2015, the Debtors reached agreement for the sale of
their operations in Mexico, operated by non-debtor Comunicaciones
Nextel de México, S.A. de C.V., to an affiliate of AT&T for $1.875
billion, subject to (a) the approval of the Court and (b)
regulatory approvals in Mexico.

As a result of the sale transaction, the Debtors on March 13, 2015,
filed the First Amended Plan.  The sale transaction was approved on
March 23, 2015.


NII HOLDINGS: June 3 Hearing on New Plan Support Agreement
----------------------------------------------------------
NII Holdings Inc., et al., will ask the U.S. Bankruptcy Court for
the Southern District of New York at a hearing on June 3, 2015, at
10:00 a.m. (Eastern Time) for approval to enter into a plan support
agreement in connection with the Chapter 11 plan following the sale
of their Mexico operations.  Objections or responses are due May
20, 2015 at 4:00 p.m.

The Debtors' entry into the current Plan Support Agreement (the
"PSA"), which incorporates the agreed terms of a chapter 11 plan,
is a significant milestone in these cases and a positive step
towards the Debtors' successful restructuring.  Importantly,
creditors holding over 70% of the senior unsecured notes issued by
NII Capital Corp. (the "Capco Notes") and over 72% of the senior
unsecured notes issued by NII International Telecom S.C.A. (the
"Luxco Notes") are party to the PSA.  In addition, the PSA is
supported by the official committee of unsecured creditors
appointed in the cases, which includes as members the indenture
trustees for all series of the Notes and the largest holders of
Notes.

Scott J. Greenberg, Esq., at Jones Day, explains that the PSA and
the Plan Term Sheet reflect a settlement of complex inter-estate
and inter-creditor disputes that have been the subject of extensive
and vigorous negotiations beginning pre-petition and continuing
post-petition, absent which these bankruptcy cases would require
extensive and potentially prohibitively expensive litigation to the
detriment of the Debtors' estates and all stakeholders.  The
Debtors believe that, through implementing the agreement set forth
in the PSA and the Plan Term Sheet, they will be able to strengthen
their balance sheet and emerge as a viable and competitive business
in the coming months.  Under the
Plan Term Sheet, holders of the Capco Notes and the Luxco Notes
will receive a combination of (a) cash, representing a portion of
the net proceeds received from the sale of the entirety of the
Debtors' interest in their business in Mexico, and (b) equity
interests in Reorganized NII.  At the same time, the Debtors'
estates will (a) avoid the incurrence of significant litigation
cost and delay in connection with litigation of the Potential
Litigation Claims, (b) complete the consummation of the Sale
Transaction (as defined below), (c) benefit from having obtained
postpetition financing pending the closing of the Sale Transaction,
(d) eliminate approximately $4.35 billion of senior unsecured notes
and (e) exit bankruptcy protection expeditiously and with
sufficient liquidity to execute their business plan.

The Debtors have done exactly what they are supposed to do in the
exercise of their fiduciary duties -- they have driven their
stakeholders to a resolution of the numerous complex issues in
these chapter 11 cases that will allow the Debtors to emerge from
bankruptcy in a value-maximizing manner.  Significantly, certain of
the Debtors creditors that had not joined the Prior PSA --
specifically, the Luxco Group -- now support the terms set forth in
the PSA and the Plan Term Sheet.  The Debtors firmly believe that
the plan of reorganization contemplated by the PSA and the Plan
Term Sheet provides the Debtors with the best opportunity to
achieve confirmation after more than a year of protracted
negotiations with their majority creditors and the Creditors'
Committee, among others.

Accordingly, the Debtors submit that it is a reasonable and
appropriate exercise of their business judgment to enter into the
PSA and fulfill their obligations thereunder to prosecute the First
Amended Plan.

A copy of the Motion is available for free at:

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

                      About NII Holdings

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

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

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

and $3.068 billion in liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 2 appointed five creditors of NII
Holdings to serve on the official committee of unsecured
creditors. The panel is represented by Kenneth H. Eckstein, Esq.
and Adam C. Rogoff, Esq. of Kramer Levin Naftalis & Frankel LLP.
Kurtzman Carson Consultants LLC is the panel's information agent.

                          *     *     *

On Nov. 24, 2014, the Debtors filed a first plan support agreement.
On Dec. 22, 2014, the Debtors filed a plan of reorganization.

On Jan. 26, 2015, the Debtors reached agreement for the sale of
their operations in Mexico, operated by non-debtor Comunicaciones
Nextel de México, S.A. de C.V., to an affiliate of AT&T for $1.875
billion, subject to (a) the approval of the Court and (b)
regulatory approvals in Mexico.

As a result of the sale transaction, the Debtors on March 13, 2015,
filed the First Amended Plan.  The sale transaction was approved on
March 23, 2015.


NORTH AMERICAN PALLADIUM: Gets NYSE Listing Non-Compliance Notice
-----------------------------------------------------------------
North American Palladium Ltd. on April 17 disclosed that it has
received a notice from the NYSE MKT LLC advising it that the
Company is no longer in compliance with the NYSE MKT's continued
listing standards applicable to its common shares.

On April 16, 2015 trading in the Company's common shares on the
NYSE MKT was suspended as a result of low trading prices.  The
staff of NYSE Regulation, Inc. have determined to commence
proceedings to delist the common shares of the Company from the
NYSE MKT.

The Company's common shares continue to trade on the Toronto Stock
Exchange under the symbol PDL, and on the OTC Market under the
symbol PALDF.

As previously disclosed, NAP is continuing normal business
operations at its Lac des Iles mine and the Company's obligations
to employees, trade creditors, equipment leases and suppliers will
not be affected.  The strategic review process to solicit interest
in a sale of the Company is ongoing.

                  About North American Palladium

NAP is an established precious metals producer that has been
operating its Lac des Iles mine (LDI) located in Ontario, Canada
since 1993.  LDI is one of only two primary producers of palladium
in the world, offering investors exposure to palladium.  The
Company's shares trade on the TSX under the symbol PDL and on the
OTC Market under the symbol PALDF.


OCWEN FINANCIAL: S&P Puts 'B' Issuer Credit Rating on Watch Neg.
----------------------------------------------------------------
Standard & Poor's Ratings Services said it placed its 'B' issuer
credit rating on OCWEN Financial Corp. on CreditWatch with negative
implications. S&P also placed its 'B+' rating on Ocwen's senior
secured term loan and 'CCC+' rating on its senior unsecured notes
on CreditWatch with negative implications. At the same time, S&P
affirmed its 'B+' rating on Altisource Portfolio Solutions S.A. The
outlook on Altisource remains negative.

"We believe it is likely that Ocwen's independent auditors will
include an explanatory paragraph in the firm's Dec. 31, 2014, audit
that discusses Ocwen's ability to operate as a "going concern,"
indicating the auditor has questions about the the firm's ability
to remain financially viable over the next 12 months," said
Standard & Poor's credit analyst Richard Zell.

According to Ocwen, of primary focus are the auditor's questions
regarding Ocwen's residential servicer ranking with two of the
three primary nationally recognized statistical rating
organizations (NRSROs), including Standard & Poor's. Two of the
primary NRSROs, including Standard & Poor's, have negative outlooks
on their residential servicer ranking for Ocwen. A third NRSRO has
already lowered its servicer ranking on Ocwen.

A servicer ranking assesses a servicer's overall ability to
effectively manage loans on behalf of mortgage investors.
Separately from assigning an issuer credit rating to Ocwen and
ratings on its debt, Standard & Poor's also assigns servicer
rankings to Ocwen Loan Servicing LLC. Standard & Poor's financial
institutions ratings practice assess the creditworthiness of Ocwen,
while a separate group acts independently in assigning servicer
rankings. Standard & Poor's servicer rankings on Ocwen Loan
Servicing are AVERAGE with a negative outlook.

In some cases, if specific provisions in servicing agreements are
breached, mortgage investors could demand that the backup servicer
take over primary servicing responsibilities. In approximately 700
of the firm's more than 4,000 servicing contracts the lowering of
servicer rankings by one or two of the three primary NRSROs
triggers a provision that could allow investors to transfer
servicing. Ocwen has established a successful track record of
retaining servicing contracts despite the firm's well-publicized
difficulties. To date, approximately 1% of the agreements eligible
for servicing transfer, as a result of the most recent NRSRO
downgrade, have done so. However, mounting negative pressure,
including the potential for a "going concern" opinion and servicer
ranking outlooks currently on negative with the potential for
downgrades, could have a significant impact on the company's
ability to retain a portion of mortgage servicing contracts,
negatively impacting revenue.

Ocwen is currently in the process of replacing a lender that
provides a portion of the company's non-agency servicer advance
funding. Although S&P believes that Ocwen is close to finalizing
advance line terms with new lenders, further negative news may
result in a loss of credit confidence and lenders invalidating
commitments. Additionally, a portion of the firm's non-agency
servicer advance lines mature in November of this year, introducing
further refinancing risk if bank lenders lose confidence in Ocwen's
ability to remain viable.

S&P recognizes that Ocwen has been liquidating mortgage servicing
rights related to government-sponsored enterprises (GSEs),
providing substantial amounts of cash flow when the deals close.
S&P expects Ocwen will continue to strategically liquidate both GSE
and other portfolios, resulting in reduced debt outstanding.

Altisource is closely aligned with the financial prospects of Ocwen
-- approximately 60% of the firm's revenue is tied to real estate
technology services purchased by Ocwen. However, S&P believes that
the current challenges facing Ocwen does not represent a near-term
risk to Altisource.  Additionally, S&P does not believe that
Altisource's existence as an organization is inextricably tied to
the financial health of Ocwen. However, a loss of the company's
largest customer would likely result in a change to the firm's
business position, possibly resulting in a downgrade.

S&P could lower the rating on Ocwen if a "going concern"
pronouncement or the inability to obtain funding commitments on the
firm's0 non-agency mortgage servicing advance lines result in
weakening Ocwen's credit profile due to a material loss of funding
or revenue, or a reduction in the firm's liquidity position. S&P
will not necessarily lower the rating immediately after a "going
concern" pronouncement -- if one is made -- but plan to assess
whether such a pronouncement would make it difficult for Ocwen to
renew its advanced funding lines. S&P expects to resolve the
CreditWatch listing most likely before the end of this summer.

S&P said, "We could resolve the CreditWatch listing and assign a
negative outlook if Ocwen is able to retain meaningful levels of
funding and prevent a significant loss of revenue associated with
the "going concern" provision.

"We could raise the rating on Ocwen if proceeds from the sale of
GSE servicing assets are used to significantly reduce the firm's
leverage profile.

"We could lower the rating on Altisource if additional scrutiny on
Ocwen were to alter the relationship between the two companies in a
way that we expected would weaken Altisource's earnings capacity.
For instance, we could lower the rating if we expected reduced
property management opportunities or fewer fees from Ocwen to cause
leverage to approach 3x from its current 1.5x. Our rating on
Altisource is already limited by the company's governance and the
potential for conflicts of interest between Ocwen and Altisource.
Still, we could lower the rating if the regulatory scrutiny
uncovered issues that caused us to take an even more negative view
of the company's governance.

"We believe an upgrade on Altisource is unlikely in the foreseeable
future."



OPTIM ENERGY: Blackstone Unit Objects to Bankruptcy-Exit Plan
-------------------------------------------------------------
Patrick Fitzgerald at Daily Bankruptcy Review reports that the
energy arm of private equity giant Blackstone Group LP is objecting
to Optim Energy LLC 's plan to exit bankruptcy through the sale of
its two Texas power plants that it says is designed to benefit only
Bill Gates 's private investment firm.

Optim is controlled by the Microsoft co-founder's Cascade
Investment, which has been funding the company's operations and is
backing the chapter 11 plan based on the power plant sales,
according to the report.

                       About Optim Energy

Optim Energy, LLC, and its affiliates are power plant owners
principally engaged in the production of energy in Texas's
deregulated energy market.  Optim owns and operates three power
plants in eastern Texas: the Twin Oaks plant in Robertson County,
Texas, the Altura Cogen plant in Harris County, Texas and the
Cedar Bayou plant in Chambers County, Texas.  The Altura and Cedar
Bayou plants are fueled by natural gas, and the third is
coal-fired.

Optim Energy and its affiliates sought Chapter 11 protection from
creditors (Bankr. D. Del. Lead Case No. 14-10262) on Feb. 12,
2014.

The Debtors have tapped Bracewell & Giuliani LLP and Morris,
Nichols, Arsht & Tunnell LLP as attorneys; Protiviti Inc. as
restructuring advisors; and Prime Clerk LLC as claims agent.

Optim Energy, LLC scheduled $6.95 million in assets and $717
million in liabilities.  Optim Energy Cedar Bayou 4, LLC,
disclosed $184 million in assets and $718 million in liabilities as
of the Chapter 11 filing.  The Debtors have $713 million of
outstanding principal indebtedness.

On Feb. 27, 2014, Roberta A. DeAngelis, U.S. Trustee for Region 3,
notified the Bankruptcy Court that she was unable to appoint an
official committee of unsecured creditors in the Debtors' cases.
The U.S. Trustee explained that there were insufficient responses
to her communication/contact for service on the committee.



OPTIM ENERGY: Wants May 27, 2015 Administrative Claims Bar Date
---------------------------------------------------------------
Optim Energy, LLC, et al., ask the U.S. Bankruptcy Court to
establish May 27, 2015 at 5:00 p.m., as the deadline for any party
filing requests for allowance of administrative claims against the
Debtors' estates that arose during the period from the Petition
Date until March 31, 2015.

On March 18, the Debtors filed a Joint Plan of Reorganization and
explanatory Disclosure Statement.  The Plan contemplates the
potential sale of certain of the Debtors' interests in two
gas-fired power plants -- the Altura Cogen Plant and the Cedar
Bayou Plant -- through the sale of the reorganized equity of Debtor
Optim Energy Generation, LLC at a value to the Debtors in cash of
at least $355 million, on terms satisfactory to the Debtors and the
Debtors' prepetition secured lender and DIP Lender, which have
agreed to fund distributions under the Plan, if confirmed.  

In the alternative, if the sale of the reorganized equity of Debtor
Optim Energy Generation, LLC is not consummated, such reorganized
equity will be the nucleus around which some of the Debtors will
reorganize.  Under either Plan alternative, some of the Debtors
will liquidate.

In anticipation of confirmation of the Plan, and in order to
facilitate making distributions under the Plan, it is important for
the Debtors and the Consultation Parties to know the magnitude of
Administrative Claims to date.  

The completed Proof of administrative claim form will be delivered
to Prime Clerk by U.S. Postal Service mail or overnight delivery
to:

         Optim Energy, LLC Claims Processing Center
         c/o Prime Clerk LLC
         830 Third Avenue, Ninth Floor
         New York, NY 10022

Any proof of administrative claim form sent in any other manner,
including by facsimile, telecopy, or electronic mail transmission,
will not be accepted.

                          About Optim Energy

Optim Energy, LLC, and its affiliates are power plant owners
principally engaged in the production of energy in Texas's
deregulated energy market.  Optim owns and operates three power
plants in eastern Texas: the Twin Oaks plant in Robertson County,
Texas, the Altura Cogen plant in Harris County, Texas and the
Cedar Bayou plant in Chambers County, Texas.  The Altura and Cedar
Bayou plants are fueled by natural gas, and the third is
coal-fired.

Optim Energy and its affiliates sought Chapter 11 protection from
creditors (Bankr. D. Del. Lead Case No. 14-10262) on Feb. 12,
2014.

The Debtors have tapped Bracewell & Giuliani LLP and Morris,
Nichols, Arsht & Tunnell LLP as attorneys; Protiviti Inc. as
restructuring advisors; and Prime Clerk LLC as claims agent.

Optim Energy, LLC scheduled $6.95 million in assets and $717
million in liabilities.  Optim Energy Cedar Bayou 4, LLC,
disclosed $184 million in assets and $718 million in liabilities as
of the Chapter 11 filing.  The Debtors have $713 million of
outstanding principal indebtedness.

On Feb. 27, 2014, Roberta A. DeAngelis, U.S. Trustee for Region 3,
notified the Bankruptcy Court that she was unable to appoint an
official committee of unsecured creditors in the Debtors' cases.
The U.S. Trustee explained that there were insufficient responses
to her communication/contact for service on the committee.


OPTIMAS OE: S&P Assigns 'B' Corp. Credit Rating, Outlook Stable
---------------------------------------------------------------
Standard & Poor's Ratings Services assigned fastener distributor
Optimas OE Solutions Holding LLC its 'B' corporate credit rating.
The outlook is stable.

At the same time, S&P assigned Optimas' proposed $225 million
secured notes its 'B-' issue-level rating, with a recovery rating
of '5', indicating its expectation for modest recovery in the event
of a payment default. S&P's recovery expectations are in the upper
half of the 10% to 30% range.

"The outlook is stable, based on our expectation for modest revenue
growth and stable margins that will allow the company to maintain
leverage at roughly 5x and FFO to debt of 10% to 15%," said
Standard & Poor's credit analyst James T Siahaan. "In addtion, we
are forecasting stability in the automotive end  market over the
next two years," he added.

Prior to the upcoming carve out, Glenview, Ill.-based Optimas
operated as the industrial fasteners unit of cable maker Anixter
International Inc. The company distributes fasteners and other "C"
class components to its customers in the North American commercial
vehicle (30% of 2014 revenue), global luxury automotive (25%),
agricultural (7%), power generation (6%), and general industrial
(32%) markets.

S&P assesses Optimas' business risk profile as "weak." S&P
considers the company's financial risk profile to be "highly
leveraged" at present. S&P believes Optimas will have "adequate"
liquidity to cover its needs over the next 12 to 18 months.

S&P could lower the ratings if a downturn in Optimas' cyclical end
markets or company-specific operational issues cause deterioration
in credit measures, such as leverage near 6x for an extended
period, and if the company is unable to generate positive free cash
flow. This could occur if the company's gross margins drop by over
100 basis points and remained stagnant without clear prospects for
improvement. S&P could also lower the ratings if revolver
availability declines and liquidity becomes constrained.

S&P could raise the rating if Optimas achieved and remained
committed to an adjusted debt to EBITDA ratio of less than 4.5x or
an FFO to debt ratio of over 15% for a sustained period.


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

      Debtor                                       Case No.
      ------                                       --------
      Orlando Gateway Partners, LLC                15-03448
      5875 Peachtree Industrial Blvd., Suite 340
      Norcross, GA 30092

      Nilhan Hospitality, LLC                      15-03447
      5875 Peachtree Industrial Blvd., Suite 340
      Norcross, GA 30092

Chapter 11 Petition Date: April 20, 2015

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

Debtors' Counsel: Kenneth D Herron, Jr., Esq.
                  WOLFF, HILL, MCFARLIN & HERRON, P.A.
                  1851 West Colonial Drive
                  Orlando, FL 32804
                  Tel: 407-648-0058
                  Fax: 407-648-0681
                  Email: kherron@whmh.com

                                      Estimated     Estimated
                                       Assets      Liabilities
                                     -----------   -----------
Orlando Gateway Partners             $10MM-$50MM   $10MM-$50MM
Nilhan Hospitality                   $1MM-$10MM    $10MM-$50MM

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petitions were signed by Chittranjan Thakkar, manager.

A. List of Orlando Gateway's seven Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
SEG Gateway, LLC                     Judgment         $15,376,435
174 W. Comstock Avenue
Suite 100
Winter Park, FL 32789

Good Gateway, LLC                    Judgment          $2,500,000
174 W. Comstock Avenue
Suite 100
Winter Park, FL 32789

Greenspoon Marder                                        $199,171

Bloom Sugarman Everett, LLP                              $119,678

Dickinson & Gibbons                                      $102,388

King Blackwell                                            $52,459

Weinstock & Scavo, PC                                     $39,081

B. List of Nilhan Hospitality's eight Largest Unsecured Creditors:


   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
SEG Gateway, LLC                     Judgment         $15,376,435
174 W. Comstock Avenue
Suite 100
Winter Park, FL 32789

Good Gateway, LLC                    Judgment          $2,500,000
174 W. Comstock Avenue
Suite 100
Winter Park, Fl 32789

Seito Sushi Celebration, LLC         Reimbursement       $204,930

Greenspoon Marder                                        $199,171

Bloom Sugarman Everett, LLP                              $119,678

Dickinson & Gibbons                                      $102,388

King Blackwell                                            $52,459

Weinstock & Scavo, PC                                     $39,081


PETERSBURG REGENCY: Case Summary & 13 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Petersburg Regency LLC
        1405 North Broad Street
        Hillside, NJ 07205

Case No.: 15-17169

Chapter 11 Petition Date: April 20, 2015

Court: United States Bankruptcy Court
       District of New Jersey (Newark)

Judge: Hon. Vincent F. Papalia

Debtor's Counsel: David Edelberg, Esq.
                  NOWELL AMOROSO KLEIN BIERMAN, P.A.
                  155 Polifly Road
                  Hackensack, NJ 07601
                  Tel: (201) 343-5001
                  Fax: 201-343-5181
                  Email: dedelberg@njbankruptcy.com

Total Assets: $10.2 million

Total Debts: $33.9 million

The petition was signed by Robert Harmon, managing member.

List of Debtor's 13 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Advanced Weather Forensics                              $1,750

Honorable Anthony J. Sciuto                            $34,000
Maggiano, DiGirolamo & Lizzi

Thyssen Krupp Elevator                                 $38,730

Keiter Stephens Hurst Gary                             $39,574
& Shreaves

WCD Group/WCD Consultants LLC                          $68,945

Specialized Environmental Svc                         $125,000

Anthony J. Accardi, Esq.                              $159,550

AH Real Associciates                                  $199,000

William Spier                                         $325,000

R. Oshinsky & Co.                                     $948,063
285 Grand Ave
Englewood, NJ 07631

Ramada Worldwide                                    $1,192,900
c/o Wyndham Corp
1 Sylvan Way
Parsippany, NJ 07054

James Burt                                          $8,400,000
10 River Farm Road
Saddle River, NJ
07458

Robert and Marlene Harmon                          $11,949,550
898 Old Chester Road
Far Hills, NJ 07931


PREMIER GOLF: Files Schedules of Assets and Liabilities
-------------------------------------------------------
Premier Golf Properties LP filed with the U.S. Bankruptcy Court its
schedules of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $44,000,000
  B. Personal Property              $363,923
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $18,765,217
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $111,239
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $351,971
                                ------------   --------------
        TOTAL                    $44,363,923      $19,228,427

Copies of the schedules and amendments are available for free at:

      http://bankrupt.com/misc/PremierGolf_19_SAL.pdf
      http://bankrupt.com/misc/PremierGolf_19_SAL_EXH.pdf
      http://bankrupt.com/misc/PremierGolf_42_amendedSAL_DEF.pdf
      http://bankrupt.com/misc/PremierGolf_43_amendedSAL_A_B.pdf
      http://bankrupt.com/misc/PremierGolf_56_amendedSAL_F.pdf
     
http://bankrupt.com/misc/PremierGolf_56_amendedSAL_F_exhibit.pdf  

                   About Premier Golf Properties

Premier Golf Properties, LP filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Cal. Case No. 15-01068) on Feb. 24, 2015.  Daryl
Idler signed the petition as secretary of Premier Golf Property
Management Inc, general partner.  Jack Fitzmaurice, Esq., at
Fitzmaurice & Demergian, represents the Debtor as counsel.


PRISO ACQUISITION: S&P Assigns 'B' CCR, Outlook Stable
------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B'
corporate credit rating to PriSo Acquisition Corp. (PrimeSource
Building Products Inc.). The outlook is stable.

At the same time, Standard & Poor's assigned its 'B+' issue-level
rating (one-notch higher than the corporate credit rating) to the
company's proposed $325 million first-lien senior secured term loan
due 2022 and its 'CCC+' issue-level rating (two-notches lower than
the corporate credit rating) to the company's proposed $230 million
senior unsecured notes due 2023. The recovery rating on the
first-lien senior secured term loan is '2', indicating S&P's
expectation of substantial (70% to 90%; upper end of the range)
recovery for lenders in the event of a payment default. The
recovery rating on the senior unsecured notes is '6', indicating
S&P's expectation of negligible (0% to 10%) recovery for lenders in
the event of a payment default.

"The stable outlook reflects our view that PrimeSource will
maintain credit measures consistent with a highly leveraged
financial risk profile, with debt leverage remaining in excess of
5x despite improved margins and increased demand in fiscal years
2016 and 2017," said Standard & Poor's credit analyst Pablo Garces.
"Our view of financial risk as highly leveraged incorporates the
risk of subsequent leveraging in accordance with our criteria for
companies owned by financial sponsors."

S&P said, "We could consider lowering PrimeSource's rating if
credit measures deteriorated significantly, resulting in leverage
measures that we would consider on the weak end for the rating.
Such an event could take place if the company experienced
significantly lower margins due to heightened competition or
challenging operating conditions or if it used additional debt to
finance an acquisition or dividend to its private equity owners. We
could also lower the rating if our view of PrimeSource's "fair"
business were negatively affected due to weaker-than-projected
performance over the next 12 months.

"We consider an upgrade unlikely at this stage. However, we could
raise our rating on PrimeSource if it improved and maintained its
credit measures to a level we deemed commensurate with an
"aggressive" financial risk profile and if we believed the
company's sponsor owners would pursue a prudent financial policy in
which debt leverage would be sustained below 5x.



PROSPECT PARK: May 19 Hearing on Fifth Exclusivity Extension
------------------------------------------------------------
The U.S. Bankruptcy Court will convene a hearing on May 19, 2015,
at 3:00 p.m., to consider Prospect Park Networks, LLC's fifth
motion to extend its exclusive period to solicit acceptances for
the Chapter 11 Plan.  Objections, if any, are due April 27.
According to the Debtor's counsel, William E. Chipman, Jr., Esq.,
at Chipman Brown Cicero & Cole, LLP, in Wilmington, Delaware, since
the filing of the fourth exclusivity motion, the Debtor and the
Official Committee of Unsecured Creditors have made progress toward
the selection of a financing source and finalization of a financing
arrangement.  The Debtor believes that final details will be worked
out in short order, and that an amended plan and disclosure
statement can be filed within the next thirty days, Mr. Chipman
tells the Court.

                   About Prospect Park Networks

Prospect Park Networks, LLC, a Los Angeles, Calif.-based talent
and management company, filed for Chapter 11 bankruptcy (Bankr. D.
Del. Case No. 14-10520) in Wilmington, on March 10, 2014,
estimating $50 million to $100 million in assets, and $10 million
to $50 million in debts.  The petition was signed by Jeffrey
Kwatinetz, president.

William E. Chipman, Jr., Esq., and Mark D. Olivere, Esq., at
Cousins Chipman & Brown LLP, in Wilmington, Delaware; and John H.
Genovese, Esq., Michael Schuster, Esq., and Heather L. Harmon,
Esq., at Genovese Joblove & Battista, P.A., serve as the Debtor's
bankruptcy counsel.  The Debtor also hired Cohn Reznick LLP as an
ordinary course professional.

The U.S. Trustee for Region 3 selected three creditors to serve on
the Official Committee of Unsecured Creditors.  Cole, Schotz,
Meisel, Forman & Leonard, P.A., serves as the Committee's counsel.


PUERTO RICO ELECTRIC: OFG to Take Provision on Credit Line
----------------------------------------------------------
OFG Bancorp on April 17 disclosed that its Oriental Bank subsidiary
will place its $200 million participation in a fuel purchase line
of credit with the Puerto Rico Electric Power Authority (PREPA) on
non-accrual status and will take a $24.0 million provision.

Oriental is forced to take the provision because PREPA, despite its
increasing ability to meet contractual obligations with creditors,
has signaled an unwillingness do so.

The provision will impact OFG's earnings per share net of tax by
$0.35 for the first quarter ended March 31, 2015.  It will impact
tangible book value per common share by the same amount, not
considering 1Q15 earnings.  TBV per common share was $15.25 at
December 31, 2014.  OFG plans to report 1Q15 results on Friday,
April 24, 2015.

Jose Rafael Fernandez, President and CEO of OFG and Oriental, said,
"Our credit analysis, based principally on data provided by PREPA
and its advisors, shows the utility has the financial capability to
pay its creditors.  However, in the recent negotiation for
extending the more than 8-month forbearance period previously
granted by its creditors, PREPA clearly demonstrated a reluctance
to commit to do so, despite the utility's improved cash flows."

Notwithstanding the provision, Mr. Fernandez said OFG and
Oriental's regulatory capital ratios remain significantly above
requirements for a well-capitalized institution.  Oriental's $200
million PREPA exposure was acquired through the late 2012 purchase
of BBVA's Puerto Rico operations, and is part of a syndicated $550
million fuel purchase line of credit.

                       About OFG Bancorp

Now in its 51st year in business, OFG Bancorp --
http://www.ofgbancorp.com-- is a diversified financial holding
company that operates under U.S. and Puerto Rico banking laws and
regulations.  Its three principal subsidiaries, Oriental Bank,
Oriental Financial Services and Oriental Insurance, provide a full
range of commercial, consumer and mortgage banking services, as
well as financial planning, trust, insurance, investment brokerage
and investment banking services, primarily in Puerto Rico, through
53 financial centers.

                         *     *     *

The Troubled Company Reporter on Feb. 4, 2015 reported that
Standard & Poor's Ratings Services said that it maintained its
'CCC' rating on the Puerto Rico Electric Power Authority's (PREPA)
power revenue bonds on CreditWatch with negative implications.  S&P
originally placed the rating on CreditWatch on June 18, 2014.

On Dec. 15, 2014, TCRLA reported that Fitch is maintaining the $8.6
billion of Puerto Rico Electric Power Authority (PREPA) power
revenue bonds on Negative Rating Watch.  The bonds are currently
rated 'CC'.

As reported in the Troubled Company Reporter on Sept. 19, 2014,
Moody's Investors Service has downgraded the rating for Puerto Rico
Electric Power Authority's (PREPA) $8.8 billion of Power
Revenue Bonds to Caa3 from Caa2.  This rating action concludes the
rating review that Moody's initiated on July 1, 2014.  PREPA's
rating outlook is negative.


QUICKSILVER RESOURCES: Creditors Move to Block Cash Pact Payments
-----------------------------------------------------------------
Peg Brickley at the Daily Bankruptcy Review reports that creditors
said the cash will be gone in a year if distressed Texas
oil-and-gas company Quicksilver Resources Inc. gets its way on a
bankruptcy financing package designed to appease senior lenders.
The company is seeking court approval of agreements that would
require, among other things, the payment of $73 million in interest
over the next year to one group of senior lenders, lawyers for
creditors say, according to Daily Bankruptcy Review.

                     About Quicksilver

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta.

The Company disclosed $1,214,302,000 in assets and $2,352,173,000
in liabilities as of Dec. 31, 2014.

On March 17, 2015, Quicksilver Resources Inc. and certain of its
affiliates filed voluntary petitions for relief under Chapter 11
of
title 11 of the United States Code in Delaware.  The Debtors are
seeking joint administration under the main case, In re
Quicksilver
Resources Inc. Case No. 15-10585.  Quicksilver's Canadian
subsidiaries were not included in the chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld
LLP
in the U.S. and Bennett Jones in Canada.  Richards Layton &
Finger,
P.A., is legal co-counsel in the Chapter 11 cases.  Houlihan Lokey
Capital, Inc. is serving as financial advisor.  Garden City Group
Inc. is the claims and noticing agent.



RADIOSHACK CORP: Committee Taps Whiteford Taylor as Del. Counsel
----------------------------------------------------------------
The Bankruptcy Court authorized the Official Committee of Unsecured
Creditors in the Chapter 11 cases of Radioshack Corporation, et
al., to retain Whiteford, Taylor & Preston LLC as Delaware Counsel
nunc pro tunc to Feb. 13, 2015.

Katherine Good, Esq., filed a certification of no objection to the
application to retail WTP.

The Committee selected Cooley LLP and Quinn Emanuel Uruhart &
Sullivan, LLP as lead counsel, and Holihan Lokey Capital, Inc., as
its financial advisor.  WTP, Cooley and Quinn will coordinate
closely to ensure that the legal services provided to the Committee
by each firm are not duplicative.

The current hourly rates of WTP professionals are:

      Attorney              Status               Hourly Rates
      --------              ------               ------------
Christopher M. Samis        partner                  $515
L. Katherine Good           counsel                  $490
Christine M. McAllistier    paralegal                $235

To the best of the Committee knowledge, WTP represents no interest
adverse to the Committee.

The following is provided in response to the request for additional
information set forth in Paragraph D.1. of the Revised UST
Guidelines:

Question: Did you agreed to any variations from, or alternatives
          to, your standard or customary billing arrangements for
          the engagement?

Response: No.

Question: Do any of the professional included in the engagement
          vary their rate based on the geographic location of the
          bankruptcy case?

Response: No.

Question: If you represented the client in the 12 month
          prepetition, disclose you billing rates and material
          financial terms for the prepetition engagement,
          including any adjustments during the 12 months
          prepetition.  If your billing rates and material
          financial terms have changed postpetition, explain the
          difference and the reasons for the difference.

Response: WTP did not represent the Committee in the 12 months    

          prepetition.  WTP has in the past represented, currently

          represents and may represent in the future certain
          Committee members or their affiliates in their
          capacities as members of official committee in either
          Chapter 11 cases or individually in matters wholly
          related to the Chapter 11 cases.

Question: Has your client approved your prospective budget and
          staffing plan and if so for what budget period?

Response: Yes.  For the period from Feb. 13, 2015, until May 31,
          2015.

                   About Radioshack Corporation

Headquartered in Fort Worth, Texas, 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 sought Chapter 11 protection

(Bankr. D. Del. Lead Case No. 15-10197) on Feb. 5, 2015. 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.

In their Petitions, the Debtors disclosed total assets of $1.2
billion, versus total debts 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.


RADIOSHACK CORP: Texas Presses on Plan to Auction Customer Data
---------------------------------------------------------------
Peg Brickley at Daily Bankruptcy Review reports that Texas Attorney
General Ken Paxton said a plan to sell the RadioShack Corp. name
and customer lists jeopardizes the privacy promises made during the
decades when the company pioneered the field of consumer
electronics retailing.

RadioShack, which filed for bankruptcy protection earlier this
year, is shutting down more than half its 4,000-store chain and
selling the rest of the business, according to Daily Bankruptcy
Review.

                 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.

                 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.



RESOLUTE ENERGY: S&P Alters Outlook to Neg. & Affirms B- CCR
------------------------------------------------------------
Standard & Poor's Ratings Services revised its rating outlook on
Denver, Co.-based exploration and production (E&P) company Resolute
Energy Corp. to negative from stable, and affirmed its 'B-'
corporate credit rating. At the same time, S&P affirmed its 'B-'
issue-level rating on the company's second-lien debt (recovery
rating: '3'; upper half of the range) and its 'CCC' issue-level
rating on the company's unsecured notes (recovery rating: '6').

"The outlook revision reflects our view that Resolute Energy's
leverage will continue to deteriorate over the next two years,
approaching levels we would view as unsustainable, if the company
is unable to raise significant external capital via asset sales or
an equity transaction," said Standard & Poor's credit analyst Carin
Dehne-Kiley. "We estimate the company's funds from operations to
debt will fall below 10% in 2015 and deteriorate further in 2016,"
she added.

In order to preserve liquidity, the company is spending close to
maintenance levels, which should keep production essentially flat
this year with a decline in 2016. S&P assesses liquidity as
"adequate" based on expected asset sale proceeds and cash flow from
operations. In its liquidity assessment, S&P anticipates further
reductions to the company's borrowing base later this year.  The
ratings on Resolute reflect its view of the company's "vulnerable"
business risk and "highly leveraged" financial risk profiles.

S&P said, "We could lower the rating if we expected FFO to debt to
fall to levels we would view as unsustainable in the long term, or
if liquidity deteriorated, which would most likely occur if the
company does not raise external capital over the next two years.

"We could revise the outlook to stable if the company's FFO to debt
improved above 12%, with debt to EBITDA below 5x, for a sustained
period."



REVEL AC: Deal Unlikely in Casino Power Struggle, Owner Says
------------------------------------------------------------
Law360 reported that following several hours of closed-door
negotiations in New Jersey federal court on April 15, the new owner
of Atlantic City's shuttered Revel Casino Hotel cast doubt on the
possibility of reaching a deal with operators of the resort’s
specially made utility plant to end the building's nearly weeklong
blackout.

                         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.



REVEL AC: Generators Need to Be Replaced by Cleaner Ones
--------------------------------------------------------
Daily Bankruptcy Review reports that not even Plan B to provide
power at Atlantic City's former Revel casino appears to be working,
the Associated Press reported.

New owner Glenn Straub has been unable to reach a deal with the
power plant that is the building's sole source of utility service,
and the company cut the power days after he took over, according to
Daily Bankruptcy Review.

Mr. Straub hired three portable generator trucks and prepared to
connect them to the building or the now-quiet power plant, the
report notes.

                        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. along with four affiliates sought bankruptcy
protection (Bankr. D.N.J. Lead Case No. 13-16253) on March 25,
2013, in Camden, New Jersey, with a prepackaged plan that reduces
debt by $1.25 billion.

Revel's legal advisor in connection with the restructuring is
Kirkland & Ellis LLP. Alvarez & Marsal serves as its restructuring
advisor and Moelis & Company serves as its investment banker for
the restructuring.  Epiq Bankruptcy Solutions is the claims and
notice agent.

The Official Committee of Unsecured Creditor retained Christopher
A. Ward, Esq., Jason Nagi, Esq., and Jarrett Vine, Esq., at
Polsinelli PC as counsel.

Revel AC Inc. on May 21, 2013, disclosed that it has successfully
completed its financial restructuring and emerged from Chapter 11
of the United States Bankruptcy Code.  Through the restructuring
plan, which has been approved by both the U.S. Bankruptcy Court
for the District of New Jersey (Camden) and the New Jersey Casino
Control Commission, Revel has reduced its outstanding debt by
approximately $1.2 billion, or 82%, and its annual interest
expense on a cash basis by $98 million, or 96%.



Richards Kibbe & Orbe's Sambur Among Law360's 2015 Rising Stars
---------------------------------------------------------------
Law360 reported that in the restructuring of Energy Future
Intermediate Holding Co. LLC, Richards Kibbe & Orbe LLP’s Keith
Sambur discovered provisions in an overlooked intercreditor
agreement that shifted the way people valued first-lien bonds,
fortifying himself as a productive resource for his clients and
solidifying his place among Law360's 2015 Rising Stars of
bankruptcy.

Sambur, one of nine bankruptcy Rising Stars, made the discovery
while doing background work on prepayment premiums, at a time when
the marketplace was placing a greater premium on second-lien EFIH
bonds, he said, according to Law360.



ROADMARK CORP: Okayed to Make Payments to World Omni
----------------------------------------------------
U.S. Bankruptcy Judge David M. Warren ordered Roadmark Corporation
to continue to make regular postpetition payments to World Omni
Financial Corp. its successors and assigns per the contracts
beginning in March 2015 until plan confirmation.

World Omni, secured creditor of the Debtor, requested for adequate
protection payments per Section 361 of the Bankruptcy Code and with
the consent of the parties.

World Omni holds a security interest in (1) 2014 Toyota Tundra,
vehicle; (2) 2014 Toyota Tundra; (3) 2014 Toyota Tundra; 4) 2014
Toyota Tundra; pursuant to four separate North Carolina Simple
Interest Vehicle Retail Installment Contracts dated June 24, 2014,
June 20, 2014, July 10, 2014, July 10, 2014.  At the time the
motion was filed the balances owed on the accounts for the vehicles
were $24,648, $40,387, $25,144, and $25,684, respectively.

According to World Omni, since the motion was filed Debtor has
brought the accounts current except for the 2014 Toyota Tundra.
The Debtor has stated they will make two payments by the due date
of March 24, and that will bring the account current.

                    About Roadmark Corporation

Roadmark Corporation is a regional full-service highway paving
striper operating primarily in North Carolina, South Carolina,
Virginia and Maryland.

Roadmark filed a Chapter 11 bankruptcy petition (Bankr. E.D.N.C.
Case No. 15-00432) in Raleigh, North Carolina, on Jan. 26, 2015.
The case is assigned to Judge David M. Warren.

The Debtor disclosed $14.5 million in assets and $15.0 million in
liabilities in its schedules.

The Debtor tapped John Paul H. Cournoyer, Esq., and Vicki L.
Parrott, Esq., at Northen Blue, LLP, in Chapel Hill, North
Carolina, as counsel.  The Debtor also tapped Nelson & Company as
accountants and The Finley Group, Inc., as financial consultant.

The U.S. Trustee appointed eight creditors to serve on the official
committee of unsecured creditors.  The Committee tapped the law
firm of Ivey, McClellan, Gatton & Siegmund, L.L.P., as its
counsel.



ROADMARK CORP: Wants to Ink Premium Finance Agreement with IPFS
---------------------------------------------------------------
Roadmark Corporation asks the Bankruptcy Court for authorization to
enter into Premium Finance Agreement for Worker's Compensation
Insurance with IPFS Corporation.

The Debtor obtained worker's compensation insurance through North
Carolina's assigned risk pool administered by the N.C. Rate Bureau,
since it had been unable to locate insurance directly in the
private market.

The Court has authorized the Debtor to enter into a certain Premium
Finance Agreement to finance its workers compensation premiums,
among other insurance coverages, pursuant to a certain consent
order.

The total worker's compensation premiums financed under the consent
order were $458,840.  However, upon being placed with the
obligation to provide insurance through the assigned risk pool,
Travelers Insurance audited the Debtor's payroll, and determined
that the worker's compensation premiums must be substantially
increased.  Specifically, it declared that the worker's
compensation premiums in North Carolina must be increased to
approximately $748,000, and a similar increase would also be
required for Virginia.

The Debtor estimates that if it maintained insurance through
Travelers Insurance and the assigned risk pool, the total worker's
compensation premiums would be approximately $1.2 million.

However, the Debtor has now been able to locate insurance in the
private market, which will be substantially cheaper than the
insurance provided through the assigned risk pool. Specifically,
the Debtor has located worker's compensation insurance through QBE
Insurance Corporation, which will cover all states and have total
premiums of $701,511.

Subject to this Court's approval, the Debtor intends to terminate
the worker's compensation coverage through Travelers Insurance, and
obtain replacement insurance through QBE Insurance.  The Debtor
anticipates that it will receive a premium refund of approximately
$160,000 upon the termination of the insurance obtained through the
assigned risk pool.

IPFS Corporation has agreed to finance the premiums under the
policy with QBE Insurance.  The WC Agreement provides that the
premiums for worker's compensation will be financed through an
initial down payment of $140,302, and 10 monthly installments of
$57,981.

                     About Roadmark Corporation

Roadmark Corporation is a regional full-service highway paving
striper operating primarily in North Carolina, South Carolina,
Virginia and Maryland.

Roadmark filed a Chapter 11 bankruptcy petition (Bankr. E.D.N.C.
Case No. 15-00432) in Raleigh, North Carolina, on Jan. 26, 2015.
The case is assigned to Judge David M. Warren.

The Debtor disclosed $14.5 million in assets and $15.0 million in
liabilities in its schedules.

The Debtor tapped John Paul H. Cournoyer, Esq., and Vicki L.
Parrott, Esq., at Northen Blue, LLP, in Chapel Hill, North
Carolina, as counsel.  The Debtor also tapped Nelson & Company as
accountants and The Finley Group, Inc., as financial consultant.

The U.S. Trustee appointed eight creditors to serve on the official
committee of unsecured creditors.  The Committee tapped the law
firm of Ivey, McClellan, Gatton & Siegmund, L.L.P., as its counsel.


ROADMARK CORP: Wants Umbrella Agreement with Premium Approved
-------------------------------------------------------------
Roadmark Corporation asks the U.S. Bankruptcy Court for
authorization to  enter into the umbrella agreement with Premium
Assignment Corporation.

The Debtor says it is necessary to postpetition operations that it
have the appropriate insurance coverages in place, and the umbrella
liability insurance will enable the Debtor to obtain construction
contracts it otherwise would not be able to obtain.

The Debtor's ability to perform under its various contracts is
contingent on an order of the Court approving the umbrella
agreement.

According to the Debtors, certain of the Debtor's construction
contracts require umbrella liability insurance coverage.
Additionally, the North Carolina Department of Transportation has
certain "purchase order" jobs, which are non-bonded road
construction jobs that are typically less than $500,000 per job. In
order to for the Debtor to obtain more of these construction
contracts, the Debtor needs to obtain umbrella liability insurance
coverage.

The Debtor has located a $4 million umbrella liability insurance
policy through National Fire & Marine Insurance, which will have a
total premium of $120,177.

PAC has agreed to finance the premiums under the policy with NFMI,
pursuant to the premium finance agreement.  The umbrella agreement
provides that the premiums will be financed through an initial down
payment of $48,137, and six monthly installments of $12,115.

                     About Roadmark Corporation

Roadmark Corporation is a regional full-service highway paving
striper operating primarily in North Carolina, South Carolina,
Virginia and Maryland.

Roadmark filed a Chapter 11 bankruptcy petition (Bankr. E.D.N.C.
Case No. 15-00432) in Raleigh, North Carolina, on Jan. 26, 2015.
The case is assigned to Judge David M. Warren.

The Debtor disclosed $14.5 million in assets and $15.0 million in
liabilities in its schedules.

The Debtor tapped John Paul H. Cournoyer, Esq., and Vicki L.
Parrott, Esq., at Northen Blue, LLP, in Chapel Hill, North
Carolina, as counsel.  The Debtor also tapped Nelson & Company as
accountants and The Finley Group, Inc., as financial consultant.

The U.S. Trustee appointed eight creditors to serve on the official
committee of unsecured creditors.  The Committee tapped the law
firm of Ivey, McClellan, Gatton & Siegmund, L.L.P., as its counsel.


SIGA TECHNOLOGIES: Wants Financial Advisor's Fee Claims Nixed
-------------------------------------------------------------
Law360 reported that SIGA Technologies Inc. asked a New York
bankruptcy judge on April 14 not to compel it to pay legal expenses
for a financial adviser it sought to exclude from Chapter 11
proceedings, saying it made "abundantly clear" during negotiations
it would not pay such costs.

With support from SIGA's creditors' committee -- and over the
Debtor's objections -- Guggenheim Securities LLC won approval from
U.S. Bankruptcy Judge Sean H. Lane last month to provide financial
advising services to SIGA, according to court records obtained by
Law360.

                      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.



SIMPLY FASHION: KapilaMukamal Providing CRO
-------------------------------------------
Adinath Corp. and Simply Fashion Stores, Ltd., filed with the
Bankruptcy Court an application to hire KapilaMukamal, LLP
("KMLLP") to provide a chief restructuring officer ("CRO"), nunc
pro tunc to the Petition Date.

The Debtors have determined that obtaining the ongoing services of
a CRO will substantially enhance their ability to (a) operate and
meet their administrative obligations in these cases and (b)
preserve and maximize the value of their assets pending any sale.
As such, the Debtors have chosen to utilize KMLLP personnel as
appropriate and have appointed Soneet R. Kapila of KMLLP, to the
position of CRO. In his capacity as CRO, Kapila will report
directly to the Debtors' Board of Directors.

As a result of prepetition work performed on behalf of the Debtors,
since March 26, 2015, KMLLP has acquired knowledge of the Debtors
and their business and is now familiar with the Debtors' financial
affairs, debt structure, operations and related matters.

KMLLP will be compensated at its standard hourly rates of between
$100 and $420 per hour, for accounting and financial consulting
personnel to support the CRO is carrying out the services outlined
in the Engagement Letter.  In addition, the CRO will be compensated
at the rate of $530 per hour.

KMLLP will seek reimbursement for the reasonable out-of-pocket
expenses of the CRO, and, if applicable, other accounting and
financial consulting personnel, incurred in connection with this
assignment.

Soneet Kapila submits that KMLLP holds no adverse interest as to
the matters for which it has been employed by the Debtors within
the meaning of 11 U.SC. Sec. 327(a).

Prior to the Petition Date, KMLLP received retainers from Simply
Fashion in the amount of $180,000.

The firm can be reached at:

         Soneet r. Kapila
         Founding Partner
         KapilaMukamal LLP
         1000 South Federal Hwy., Suite 200
         FT. LAUDERDALE, FL 33316

                       About Simply Fashion

Owned by the Shah family, Simply Fashion has 247 stores in 25
states across the country in major markets such as Detroit, Miami,
New Orleans, St. Louis, Chicago, Atlanta, Baltimore, Nashville and
Dallas. Founded in 1991, Simply Fashion is primarily a brick and
mortar retailer of Junior, Plus and Super Plus women's fashion
catering to African-American women between the ages of 25 and 55,
with locations in 25 states.  

Adinath Corp. is the general partner of Simply Fashion.  It is
owned 100% by Bhavana Shah.

On April 16, 2015, Adinath and Simply Fashion Stores, Ltd., each
filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code in Miami, Florida (Bankr. S.D. Fla.).
The cases are pending before the Honorable Laurel M. Isicoff, and
the Debtors have requested joint administration of the cases under
Case No. 15-16885.

The Debtors have tapped Berger Singerman LLP as counsel;
KapilaMukamal, LLP, as restructuring advisor; and Prime Clerk LLC
as claims and noticing agent.

Simply Fashion estimated $10 million to $50 million in assets and
debt.


SIMPLY FASHION: Proposes Berger Singerman as General Counsel
------------------------------------------------------------
Adinath Corp. and Simply Fashion Stores, Ltd., ask the Bankruptcy
Court for approval to hire Paul Steven Singerman and the Law Firm
of Berger Singerman LLP as general counsel, nunc pro tunc to the
Petition Date.

The professional services that Berger Singerman will render
include, but are not limited to, the following:

  (a) To give advice to the Debtors with respect to their powers
and duties as debtors in possession and the continued management of
their business operations;

  (b) To advise the Debtors with respect to their responsibilities
in complying with the United States Trustee's Operating Guidelines
and Reporting Requirements and with the rules of the Court;

  (c) To prepare motions, pleadings, orders, applications,
adversary proceedings, and other legal documents necessary in the
administration of the chapter 11 cases;

  (d) To protect the interests of the Debtors in all matters
pending before the Court; and

  (e) To represent the Debtors in negotiations with their creditors
and in the preparation of a plan.

Berger Singerman will apply for compensation and reimbursement of
costs, pursuant to Sections 330 and 331 of the Bankruptcy Code, at
its ordinary rates, as they may be adjusted from time to time, for
services rendered and costs incurred on behalf of the Debtors.

The current hourly rates for the attorneys at Berger Singerman
range from $275 to $695.  The current hourly rates of Paul Steven
Singerman and Christopher A. Jarvinen, the partners who will be
principally responsible for Berger Singerman's representation of
the Debtors, are $695 and $625, respectively, and the current
hourly rates of the of-counsel and associate attorneys who will
work on this matter range from $275 to $600 per hour.  The current
hourly rates for the legal assistants and paralegals at Berger
Singerman range from $75 to $225.  Berger Singerman typically
adjusts its hourly rates annually on January 1st.

Paul Steven Singerman, a member of Berger Singerman, attests that
the firm is disinterested as required by Section 327(a) of the
Bankruptcy Code.

                       About Simply Fashion

Owned by the Shah family, Simply Fashion has 247 stores in 25
states across the country in major markets such as Detroit, Miami,
New Orleans, St. Louis, Chicago, Atlanta, Baltimore, Nashville and
Dallas. Founded in 1991, Simply Fashion is primarily a brick and
mortar retailer of Junior, Plus and Super Plus women's fashion
catering to African-American women between the ages of 25 and 55,
with locations in 25 states.  

Adinath Corp. is the general partner of Simply Fashion.  It is
owned 100% by Bhavana Shah.

On April 16, 2015, Adinath and Simply Fashion Stores, Ltd., each
filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code in Miami, Florida (Bankr. S.D. Fla.).
The cases are pending before the Honorable Laurel M. Isicoff, and
the Debtors have requested joint administration of the cases under
Case No. 15-16885.

The Debtors have tapped Berger Singerman LLP as counsel;
KapilaMukamal, LLP, as restructuring advisor; and Prime Clerk LLC
as claims and noticing agent.

Simply Fashion estimated $10 million to $50 million in assets and
debt.


SIMPLY FASHION: Proposes Prime Clerk as Noticing Agent
------------------------------------------------------
Adinath Corp. and Simply Fashion Stores, Ltd., ask the Bankruptcy
Court for approval to hire Prime Clerk LLC as notice, claims and
solicitation agent in connection with the Chapter 11 cases.

The Debtors have over 5,000 potential creditors and interested
parties in their chapter 11 cases.  Although the office of the
Clerk of the United States Bankruptcy Court for the Southern
District of Florida ordinarily would serve notices on the Debtors'
creditors and other parties in interest and administer claims
against the Debtors, the Clerk's Office may not have the resources
to undertake such tasks, especially in light of the magnitude of
the Debtors' creditor body and the tight timelines that frequently
arise in chapter 11 cases.

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

                                    Hourly Rate
                                    -----------
     Analyst                        $35 to $50
     Technology Consultant          $90 to $110
     Consultant                    $100 to $145
     Senior Consultant             $150 to $170
     Director                      $175 to $200

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

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

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

Prior to the Petition Date, the Debtors agreed to provide Prime
Clerk an advance of $10,000.

The claims agent can be reached at:

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

                       About Simply Fashion

Owned by the Shah family, Simply Fashion has 247 stores in 25
states across the country in major markets such as Detroit, Miami,
New Orleans, St. Louis, Chicago, Atlanta, Baltimore, Nashville and
Dallas. Founded in 1991, Simply Fashion is primarily a brick and
mortar retailer of Junior, Plus and Super Plus women's fashion
catering to African-American women between the ages of 25 and 55,
with locations in 25 states.  

Adinath Corp. is the general partner of Simply Fashion.  It is
owned 100% by Bhavana Shah.

On April 16, 2015, Adinath and Simply Fashion Stores, Ltd., each
filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code in Miami, Florida (Bankr. S.D. Fla.).
The cases are pending before the Honorable Laurel M. Isicoff, and
the Debtors have requested joint administration of the cases under
Case No. 15-16885.

The Debtors have tapped Berger Singerman LLP as counsel;
KapilaMukamal, LLP, as restructuring advisor; and Prime Clerk LLC
as claims and noticing agent.

Simply Fashion estimated $10 million to $50 million in assets and
debt.


STANDARD REGISTER: Seeks Key Employee Incentive Plan Approval
-------------------------------------------------------------
BankruptcyData.com reports that Standard Register filed with the
U.S. Bankruptcy Court a motion for an order (i) approving the
Debtors' key employee incentive plan (KEIP); (ii) authorizing the
Debtors to pay incentive bonuses to certain employees and (iii)
granting related relief, pursuant to sections 105, 363(b) and
503(c) of the Bankruptcy Code. Under the KEIP, "The KEIP
establishes a target opportunity (the 'Target Opportunity') of
approximately $3,620,053, which will be paid if certain financial
performance goals are achieved. A maximum potential payout of
approximately $4,344,064 will be paid if all financial performance
goals are surpassed. The Target Opportunity is split into two equal
sub-opportunities: (i) a bonus opportunity based on achieving
ambitious revenue targets established by the Debtors' business plan
for fiscal year 2015 (the 'Revenue Target Opportunity') and (ii) a
bonus opportunity based on achieving ambitious earnings targets
measured by earnings before interest, taxes, depreciation,
amortization, restructuring, and pension amortization and
settlement ('EBITDARP') for fiscal year 2015 (the 'EBITDARP Target
Opportunity') . . . the maximum amount that could potentially be
paid under the KEIP is approximately $4.3 million, and payments
under the KEIP would only reach that amount in the event that the
Debtors' ambitious revenue and EBITDARP goals are not only met, but
surpassed . . . The Debtors believe that the KEIP is critical to
their ability to maximize returns to creditors. Simply put, the
KEIP is necessary and appropriate, because it rewards the Debtors'
most critical employees - all of whom have been asked to undertake
significant and important additional responsibilities since the
commencement of the Sale Process - for their efforts in maximizing
the value of the Debtors' estates."

The Court scheduled a May 12, 2015 hearing to consider the motion,
with objections due by May 4, 2015.

                    About Standard Register

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

The Standard Register Company and 10 affiliated debtors sought
Chapter 11 protection in Delaware on March 12, 2015, with plans to
launch a sale process where its largest secured lender would serve
as stalking horse bidder in an auction.

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

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



STANDARD REGISTER: Wants to Pay $4.3M in Bonuses to Key Employees
-----------------------------------------------------------------
The Dayton Daily News reports that Standard Register Co. asked on
April 19, 2015, the permission of the U.S. Bankruptcy Court for the
District of Delaware to pay as much as $4.3 million in bonuses to
2% of the Company's 3,500 employees.

The Company said in court filings that 49 senior-level or executive
employees whose institutional knowledge or skills are essential to
the Company coming out of bankruptcy successfully will be eligible
for the bonuses.  The eligible employees have been required to take
on supplemental responsibilities among their normal day-to-day
responsibilities, Dayton Daily News states, citing the Company.

Joe Cogliano at the Dayton Business Journal relates that the bonus
plan works out to roughly $87,000 -- per person, on average.
According to the Business Journal, details of the plan were filed
under seal as the Company claims that releasing that information to
the public would jeopardize its ability to be competitive.

The Dayton Daily News recalls that the Company signed a $275
million agreement to be acquired by an affiliate of Silver Point
Capital L.P.  According to court documents, all bonuses will be the
responsibility of the buyer after the sale of the Company closes.
Business Journal states that the deadline for the objections to the
incentive plan is May 4, 2015, and a hearing on the plan is set for
May 12, 2015.

                     About Standard Register

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

The Standard Register Company and 10 affiliated debtors sought
Chapter 11 protection in Delaware on March 12, 2015, with plans to
launch a sale process where its largest secured lender would serve
as stalking horse bidder in an auction.

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

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


T-L BRYWOOD: Has Access to Cash Collateral Until April 30
---------------------------------------------------------
The U.S. Bankruptcy Court authorized, on an interim basis, T-L
Brywood LLC's use of cash collateral which lender RCG-KC Brywood
LLC, successor to the private Bank and Trust Company, asserts an
interest.  The Debtor has access cash collateral to cover
expenditures necessary to avoid immediate and irreparable harm to
the Debtor's estate until April 30.

A further telephonic hearing will be held April 22, 2015, at 11:20
a.m.

As reported in the Troubled Company Reporter on Jan. 7, 2015, in
return for T-L Brywood's continued interim use of the cash
collateral, RCG-KC is granted security interests in its assets.
T-L Brywood is also required to pay premiums for insurance to cover
its assets from damage and to reserve funds to pay taxes on a real
property known as Brywood Centre.

                        About T-L Brywood

T-L Brywood LLC filed for Chapter 11 bankruptcy (Bankr. N.D. Ill.
Case No. 12-09582) on March 12, 2012.  The case was transferred to
the U.S. Bankruptcy Court for the Northern District of Indiana
(Case. 13-21804) on May 14, 2013.

T-L Brywood owns and operates a commercial shopping center known as
the "Brywood Centre" -- http://www.brywoodcentre.com/-- in Kansas
City, Missouri.  The Property encompasses roughly 25.6 acres and
comprises 183,159 square feet of retail space that is occupied by
12 operating tenants.  The occupancy rate for the Property is
approximately 80%.

The Debtor and lender The PrivateBank and Trust Company reached an
impasse over the terms and conditions of another extension of a
mortgage loan on the Property.  As a result, the Debtor filed the
Chapter 11 case to protect the Property from foreclosure while the
Debtor formulates an exit strategy from the reorganization case.
As of the Petition Date, no foreclosure relating to the Property
had been filed by the Lender.

Judge Donald R. Cassling oversees the case.  The Debtor is
represented by David K. Welch, Esq., Arthur G. Simon, Esq., and
Jeffrey C. Dan. Esq., at Crane, Heyman, Simon, Welch & Clar, in
Chicago.

The Debtor disclosed total assets of $16.7 million and total
liabilities of $14.0 million in its schedules.  The petition was
signed by Richard Dube, president of Tri-Land Properties, Inc.,
manager.

PrivateBank is represented by William J. Connelly, Esq., at Hinshaw
& Culbertson LLP.

On April 3, 2015, creditor RCG-KC Brywood, LLC, filed a Plan of
Reorganization.  A hearing on adequacy of information in the
Disclosure Statement is scheduled for May 21, 2015, at 11:00 a.m.

No committee of creditors was appointed by the U.S. Trustee.



TALBOTS INC: S&P Lowers Corp. Credit Rating to 'B-'
---------------------------------------------------
Standard & Poor's Ratings Services lowered the corporate credit
rating on the Hingham, Mass.-based specialty apparel retailer The
Talbots Inc. to 'B-' from 'B'. The outlook remains stable. At the
same time, S&P lowered the issue-level rating on the company's
first-lien term loan to 'B-' from 'B' and revised the recovery
rating to '4' from '3', indicating S&P's expectation toward the
high end of the average (30%-50%) recovery range in the event of a
payment default or bankruptcy. Additionally, S&P lowered the
issue-level rating on the second-lien term loan facility to CCC
from CCC+. The '6' recovery rating remains unchanged, indicating
S&P expectation for negligible (0%-10%) recovery in the event of
payment default or bankruptcy.

"The ratings on Talbots incorporate our view of the company's
participation in the highly competitive and widely fragmented
specialty apparel industry. We believe the company is a relatively
small size player in this segment and does not have appreciable
size, scale, or scope relative to many other specialty retailers,"
said credit analyst Mathew Christy. "We think recent performance
gains point to some stabilization and improved operating trends,
but we note the company has a history of uneven performance. In our
opinion, the merchandise strategy focuses on a more stable customer
and is less subject to fashion risk. We also note operating
efficiency measures, such as sales per square foot and inventory
turns, remain below those of its specialty apparel peers. Recent
performance growth has resulted in margin recovery and we view
EBITDA margins as relatively in line with other rated specialty
apparel retailers."

The stable outlook reflects S&P's view that the company will
continue to demonstrate improved performance gains but only limited
credit metric improvement over the next year. This will mainly be
the result of net store base expansion, but also modest same-store
sales growth and improved sales leverage. S&P forecasts liquidity
will remain "adequate" over the next 12 months, but also expect
free operating cash flow generation to be minimal.

Downside Scenario

S&P could lower the rating if the company's performance weakens
materially.  Under this scenario, a significant reduction in
consumer spending, coupled with meaningful operational issues or
merchandising missteps, results in a substantial decline in both
revenues and margins, leading to negative free operating cash flow
and an unsustainable capital structure. In this scenario, S&P could
reassess the company's liquidity to "less than adequate",
reflecting its view that sources of liquidity are not sufficient to
cover liquidity uses by at least 1.2x, as defined by our criteria.
This could occur if EBITDA fall more than 25% from our currently
projected levels.

Upside Scenario

S&P said, "We do not consider a higher rating likely in the next
year given our expectation for only modest profitability gains and
our expectation that future debt financed dividends are likely.
However, an upgrade would be predicated on Talbots' improved credit
metrics such that it sustains a debt-to-EBITDA ratio below 5x, and
a financial policy that supports this leverage level. This could
lead us to revise the financial profile to 'aggressive'".



TRI-VALLEY CORP: K&L Gates Asks Judge to Toss Class Suit
--------------------------------------------------------
Law360 reported that K&L Gates LLP on April 13 urged a California
federal judge to toss a suit filed by a putative class of investors
of an oil and gas company over the firm's role in its bankruptcy
case, saying it violates the automatic stay and that the firm never
represented the investors.

Law360 related that the firm urged the court toss the suit over its
role as counsel for Tri-Valley Corp. and two of its subsidiaries in
Chapter 11 proceedings, while also serving as counsel for TVC Opus
I Drilling Program LP.

                       About Tri-Valley Corp.

Bakersfield, California-based Tri-Valley Corporation (OTQCB: TVLY)
-- http://www.tri-valleycorp.com/-- explored for and produced oil
and natural gas in California and has two exploration-stage gold
properties in Alaska.  It had 21 wells in California and
exploration rights in Alaska.

Tri-Valley and three affiliates filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Lead Case No. 12-12291) on Aug. 7, 2012,
with funding from lenders that require a prompt sale of the
business.  The affiliates are Tri-Valley Oil & Gas Co., TVC Opus I
Drilling Program, L.P., and Select Resources Corporation, Inc.

K&L Gates LLP serves as bankruptcy counsel.  Attorneys at Landis
Rath & Cobb LLP serve as Delaware and conflicts counsel.  Epiq
Bankruptcy Solutions, LLC, is the claims agent.

The Debtor disclosed assets of $17.6 million and liabilities
totaling $14.1 million.  Former Chairman G. Thomas Gamble, who is
financing the bankruptcy case, is owed $7.2 million on several
secured notes.  There is an unsecured note for $528,000 and $9.4
million in unsecured debt owing to suppliers.

An official committee of unsecured creditors has been appointed in
the case.

The Tri-Valley case was converted to Chapter 7 according to a March
25, 2013 order.  Charles A. Stanziale, Jr., was appointed as
chapter 7 trustee.



TRIBUNE CO: Creditors Ask 3rd Circ. for Appeal of $7-Bil. Plan
--------------------------------------------------------------
Law360 reported that two groups of Tribune Media Co. creditors
including a hedge fund and bank asked the Third Circuit to allow an
appeal of Tribune’s $7 billion reorganization plan, arguing on
April 15 that a Delaware federal judge improperly delayed ruling on
the appeal then said it was too late after the plan's
consummation.

According to the report, Aurelius Capital Management LP said that
it and other noteholders have strong claims for avoiding some $2.3
billion of senior debt incurred in billionaire Sam Zell's buyout of
Tribune, which heaped nearly $11 billion of debt.

                         About Tribune Co.

Chicago, Illinois-based Tribune Co. -- http://www.tribune.com/--  

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

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

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

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



TRUMP ENTERTAINMENT: Wants Judge to Penalize Union Over Letters
---------------------------------------------------------------
The Daily Bankruptcy Review reports that the owners of Atlantic
City's Trump Taj Mahal casino are accusing the city's main casino
workers' union of hiding behind federal labor law and the First
Amendment to wage "economic warfare" against the struggling
gambling resort, the Associated Press reported.

A bankruptcy judge in Delaware will consider a request Trump
Entertainment Resorts to force Local 54 of the Unite-HERE union to
acknowledge that letters it sent to Taj Mahal customers urging them
to take their business elsewhere were misleading, according to
Daily Bankruptcy Review.

The report notes that the casino wants the union to be compelled to
write to everyone it contacted, admitting its prior communication
with them was not accurate.

               About Trump Entertainment Resorts

Trump Entertainment Resorts Inc., owner of the Atlantic City
Boardwalk casinos that bear the name of Donald Trump, returned to
Chapter 11 bankruptcy (Bankr. D. Del. Case No. 14-12103) on
Sept. 9, 2014, with plans to shutter its casinos.

TER and its affiliated debtors own and operate two casino hotels
located in Atlantic City, New Jersey.  TER said it will close the
Trump Taj Mahal Casino Resort by Sept. 16, 2014, and, absent union
concessions, the Trump Plaza Hotel and Casino by Nov. 13, 2104.

The Debtors have sought an order authorizing the joint
administration of their Chapter 11 cases and the consolidation
thereof for procedural purposes only.  Judge Kevin Gross presides
over the Chapter 11 cases.

The Debtors have tapped Young, Conaway, Stargatt & Taylor, LLP, as
counsel; Stroock & Stroock & Lavan LLP, as co-counsel; Houlihan
Lokey Capital, Inc., as financial advisor; and Prime Clerk LLC, as
noticing and claims agent.

TER estimated $100 million to $500 million in assets as of the
bankruptcy filing.

The Debtors as of Sept. 9, 2014, owe $285.6 million in principal
plus accrued but unpaid interest of $6.6 million under a first
lien debt issued under their 2010 bankruptcy-exit plan.  The
Debtors also have trade debt in the amount of $13.5 million.


TURNER GRAIN: Wants $16K Sale of Trailer to Brad Caviness
---------------------------------------------------------
Turner Grain Merchandising, Inc., by and through its
court-appointed receiver, asks the Bankruptcy Court to authorize
the sale of personal property by private sale.

The Debtor solicited sealed bids from private buyers to purchase a
2003 Tempte Trailer, titled in the name of "Turner Grain Inc."
Brad Caviness' $16,100 bid was the highest offer for the assets.  
On April 1, 2015, Mr. Caviness submitted a check to the receiver
for the amount of $16,100.  Upon approval of the Court, the check
funds will be deposited into the DIP account of the Debtor.

According to the Debtor, the private sale will negate the need of
the estate incurring the expense of a public sale of the trailer.

                       About Turner Grain

Turner Grain Merchandising, Inc., sought bankruptcy protection
(Bankr. E.D. Ark. Case No. 14-bk-15687) in Helena, Arkansas, on
Oct. 23, 2014.  Kevin P. Keech, the court-appointed receiver of
the Debtor, sought and obtained permission to employ Keech Law
Firm, P.A., as attorneys.  The Debtor listed $13.77 million in
total assets, and $24.84 million in total liabilities.

The U.S. Trustee for Region 13 appointed three creditors of Turner
Grain Merchandising Inc., to serve on the official committee of
unsecured creditors.


US AIRWAYS: Pilots Lost Millions From PBGC Inaction
---------------------------------------------------
Law360 reported that a group of U.S. Airways pilots urged a D.C.
Circuit panel on April 13 to reverse a judge's verdict that the
Pension Benefit Guaranty Corp. fulfilled its duties when taking
over the failed pilot's pension plan, saying PBGC should reimburse
the plan for not pursuing lawsuits against former managers.

The report related that the pilots said the agency should have
investigated the conduct of plan managers prior to the plan's 2003
failure because decisions the plan managers made were actionable
breaches of fiduciary duty.

                         About US Airways

US Airways -- http://www.usairways.com/-- along with US Airways
Shuttle and US Airways Express, operates more than 3,000 flights
per day and serves more than 190 communities in the U.S., Canada,
Mexico, Europe, the Middle East, the Caribbean, Central and South
America.

Under a Chapter 11 plan declared effective on March 31, 2003,
USAir emerged from bankruptcy with the Retirement Systems of
Alabama taking a 40% equity stake in the deleveraged carrier in
exchange for $240 million infusion of new capital.

US Airways and its subsidiaries filed another Chapter 11 petition
(Bankr. E.D. Va. Case No. 04-13820) on Sept. 12, 2004.  Brian P.
Leitch, Esq., Daniel M. Lewis, Esq., and Michael J. Canning, Esq.,
at Arnold & Porter LLP, and Lawrence E. Rifken, Esq., and Douglas
M. Foley, Esq., at McGuireWoods LLP, represented the Debtors in
their restructuring efforts.  The USAir II bankruptcy plan became
effective on September 27, 2005.  The Debtors completed their
merger with America West on the same date.



US SHALE: S&P Lowers Corp. Credit Rating to CCC, Outlook Neg.
-------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on US Shale Solutions Inc. to CCC from CCC+. The outlook is
negative. S&P also lowered the issue-level rating on the company's
senior secured notes to 'CCC+' (one notch above the corporate
credit rating) from 'B-'. The '2' recovery rating on the senior
secured notes is unchanged, indicating S&P's expectation of
substantial recovery (70% to 90%; upper half of range) to
bondholders in the event of payment default.

"The ratings on oilfield services and infrastructure company US
Shale Solutions Inc. reflect our assessment of the company's
'vulnerable' business risk profile and 'highly leveraged' financial
risk profile, and 'less than adequate' liquidity," said Standard &
Poor's credit analyst John Rogers.

Amid a volatile commodity price environment and substantial
reductions in exploration and production (E&P) capital spending
programs, US Shale continues the integration of a four-company
rollup that commenced in the second half of 2014. As the company
mediates price concessions with vendors and customers, S&P expects
its financial position to continue to deteriorate without an
unforeseen positive development. The company disclosed that it is
evaluating strategic alternatives, including reducing or delaying
capital spending, selling assets, seeking additional capital,
refinancing, or restructuring.  

The negative outlook reflects S&P's assessment that US Shale may
pursue capital restructuring, such as a distressed exchange offer,
over the next 12 months. In addition, S&P believes the company
might violate its financial covenant and face a near-term liquidity
crisis.

S&P said, "We could lower ratings if we believe that the company
could default within the next 12 months due to a near-term
liquidity crisis, or if a distressed exchange transaction is
apparent.

"Although unlikely within the next year, we could consider a
positive rating action if the company successfully operates and
fully integrates the four acquired companies, while maintaining
sufficient liquidity."



USA SYNTHETIC: Judge Approves Planned May Auction
-------------------------------------------------
Law360 reported that U.S. Bankruptcy Judge Mary F. Walrath on April
15 blessed bidding procedures for USA Synthetic Fuel Corp.,
allowing the alternative energy outfit to move ahead with a planned
May auction that features secured lender Third Eye Capital Corp. as
a $15 million stalking horse.

According to the report, Judge Walrath signed off on USA
Synthetic's proposed sales process despite opposition from the
company's former chief financial officer, saying the debtor had
demonstrated there was no actual dispute over the contested terms.

                   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.



WEBSENSE INC: S&P Puts Ratings on Watch Pos. After Raytheon Deal
----------------------------------------------------------------
Standard & Poor's Ratings Services placed its 'B' corporate credit
rating, 'B+' issue ratings (senior secured revolving credit
facility and first-lien term loan), and 'CCC+' issue rating
(second-lien term loan) on Websense Inc. on CreditWatch with
positive implications. The CreditWatch listing means S&P could
affirm or raise the ratings following the close of the
transaction.

"The CreditWatch placement follows the announcement that Raytheon
Co. has agreed to acquire Websense from private equity firm Vista
Equity Partners for $1.9 billion," said Standard & Poor's credit
analyst Minesh Shilotri.

Websense is an enterprise security software provider that was taken
private in 2013. The current corporate credit rating on Websense
reflects the combination of what S&P considers to be its "weak"
business risk profile and "highly leveraged" financial risk
profile.

S&P said, "We will resolve the CreditWatch listing when the
transaction closes, which is likely to occur by the end of the
second quarter of 2015. We expect to withdraw our corporate credit
rating and issue-level ratings on the company at that time."



[*] Ares Management to Acquire Loan Portfolio from First Capital
----------------------------------------------------------------
Ares Management, L.P. on April 17 disclosed that a fund managed by
its commercial finance platform has signed a definitive agreement
to acquire the asset-based lending portfolio of First Capital
Holdings, Inc., a leading commercial finance company that provides
asset-based loans and factoring to small and middle-market
companies.  First Capital is a portfolio company of H.I.G Capital.
The transaction is expected to close during the second quarter,
subject to customary closing conditions.  The fund intends to fund
the acquisition with a combination of debt and equity.

With this transaction, the Ares Commercial Finance platform, which
is part of the firm's Direct Lending Group, will have approximately
$700 million of loan commitments.  The Ares Commercial Finance
team, which operates across seven office locations throughout the
U.S., will be expanded with members of the First Capital investment
team.

"We are pleased to acquire this high-quality portfolio, and we
welcome the team from First Capital," said Jack Reilly, a Partner
in the Ares Direct Lending Group.  "We are excited to have the
expertise of the First Capital team, which we believe will be
highly complementary to ours and will help us achieve further
success and scale in our commercial finance business."

The Ares Commercial Finance platform provides asset-based and cash
flow loans to small and middle-market companies, as well as
asset-based facilities to specialty finance companies. Asset-based
lines of credit may be structured as working capital financing,
special accommodation financing, turnaround financing,
debtor-in-possession financing, acquisition financing and specialty
lender financing.  Target credit facilities range in size from $1
million to $30 million, are typically held to maturity and are not
dependent on syndication for approval.

"The announcement is another important milestone in the continued
growth of the commercial finance platform within the Ares Direct
Lending Group," added Mitch Goldstein, Senior Partner in the Ares
Direct Lending Group.  "We have a long held view that commercial
finance is an important and growing sector that requires a broad
and strong direct lending platform like ours in order to originate,
underwrite and service loans."

"Investors continue to benefit from Ares' ability to provide a
broad array of credit strategies, especially in sectors where banks
are increasingly either unable or unwilling to provide sufficient
capital to companies or sponsors to meet the demand," said Michael
Arougheti, President of Ares Management, L.P.  "We expect to
continue to expand our commercial finance platform in order to meet
the evolving needs of our investors for attractive and
differentiated investment alternatives."

                   About Ares Management, L.P.

Ares is a global alternative asset manager with approximately $86
billion of assets under management and more than 15 offices in the
United States, Europe and Asia as of December 31, 2014, pro forma
for the acquisition of Energy Investors Funds on January 1, 2015.

                About First Capital Holdings, Inc.

First Capital provides customized and timely working capital
financing solutions primarily to small and middle-market companies
engaged mainly in manufacturing, distributing and business services
with annual sales greater than $1 million.  Lines of credit are in
the form of Asset-Based Loans, Factoring or Invoice Purchasing
arrangements ranging from $200,000 to $25 million. Originally
formed in 1988, First Capital is one of the largest independent
asset-based working capital lenders in the country. Headquartered
in New York City, the firm has additional offices in Atlanta,
Boynton Beach, Chicago, Dallas, Los Angeles, and Oklahoma City with
regional sales offices located across the United States.

                     About H.I.G. Capital

H.I.G. -- http://www.higcapital.com-- is a global private equity
and alternative assets investment firm with more than $17 billion
of equity capital under management (based on total capital
commitments to funds managed by H.I.G. Capital and its affiliates).
Based in Miami, and with offices in New York, Boston, Chicago,
Dallas, San Francisco, and Atlanta in the U.S., as well as
international affiliate offices in London, Hamburg, Madrid, Milan,
Paris and Rio de Janeiro, H.I.G. specializes in providing both debt
and equity capital to small and mid-sized companies, utilizing a
flexible and operationally focused/ value-added approach:

1) H.I.G.'s equity funds invest in management buyouts,
recapitalizations and corporate carve-outs of both profitable as
well as underperforming manufacturing and service businesses.

2) H.I.G.'s debt funds invest in senior, unitranche and junior debt
financing to companies across the size spectrum, both on a primary
(direct origination) basis, as well as in the secondary markets.
H.I.G. is also a leading CLO manager, through its WhiteHorse family
of vehicles, and manages a publicly traded BDC, WhiteHorse
Finance.

3) Other H.I.G. funds invest in various real assets, including real
estate and shipping.

Since its founding in 1993, H.I.G. has invested in and managed more
than 200 companies worldwide.  The firm's current portfolio
includes more than 80 companies with combined sales in excess of
$30 billion.


[*] BofA Can't Duck Credit Reporting Suit Over Canceled Debts
-------------------------------------------------------------
Law360 reported that U.S. Bankruptcy Judge Robert D. Drain on April
13 refused to toss a class action accusing Bank of America Corp. of
tricking consumers into paying debts previously canceled in
bankruptcy, castigating Citigroup Inc. for refusing to correct
consumers' credit reports in the process.

According to the report, Judge on rejected Bank of America's
attempt to duck the case, finding the bank systematically breached
the U.S. Bankruptcy Code by failing to clean up inaccurate credit
reports to reflect that the debts were canceled in bankruptcy.


[*] Falling Oil Prices Trigger Layoffs
--------------------------------------
Dan Molinski at Daily Bankruptcy Review reports that like many
other oil-field workers, Chris Sabulsky spent years working a
schedule known as "14 on, 14 off:" two weeks at an oil or gas well
somewhere followed by another 14 days at home in East Texas,
fishing for bass and crappie.

But now Mr. Sabulsky, 48 years old, is spending his days sending
out resumes, calling acquaintances to see if they know of job
openings, and pondering his future, according to Daily Bankruptcy
Review.

His job managing hydraulic-fracturing, or fracking, operations at
well sites evaporated in February after the oil-price plunge last
year, the report notes.  Fracking, which uses water, chemicals and
sand to free oil and gas from shale formations, has been a crucial
factor in the U.S. energy boom, the report relates.



[*] Franklin Ciaccio Joins Dorsey's Restructuring Group in New York
-------------------------------------------------------------------
International law firm Dorsey & Whitney LLP on April 17 disclosed
that Franklin R. Ciaccio has joined the Firm as Of Counsel in the
Finance & Restructuring Group in the Firm's New York office.

Mr. Ciaccio represents secured and unsecured institutional lenders,
as well as indenture trustees, in connection with the restructuring
of institutional and indentured debt in corporate work-outs,
reorganizations and bankruptcies.  He has counseled financial
institutions in their capacity as members of official unsecured
creditors' committees in more than 25 major bankruptcy cases and
institutional creditors and annuity holders in five insurance
company insolvencies.  He served as counsel to the Trustee of the
Bethlehem Steel Corporation Liquidating Trust between 2003 and
2013, as well as counsel to the Trustee of the VP Buildings
Distribution Trust, in the LTV Steel Corporation bankruptcy case,
from 2004 to 2013.

His insurance regulatory and transactional practice includes
representation of domestic and foreign insurers, as well as captive
onshore and offshore reinsurers and mutual funds, in matters
relating to mergers and acquisitions, reinsurance programs,
portfolio loss transfers and private placement investments.  He has
formed investment companies, investment advisers and broker
dealers, and provided advice concerning their registration,
regulation and operation.

Mr. Ciaccio has also represented pension committees of
municipalities, public and private companies, and not-for-profit
associations, with respect to their oversight of pension plan
investments in guaranteed annuity and investment contracts, and has
defended corporate plan sponsors in class action litigation and
proxy contests.

He has argued cases in various state courts, federal District
Courts, Bankruptcy Courts and federal Circuit Courts of Appeals and
has successfully defended against Petitions for Certiorari to the
U.S. Supreme Court.

He was most recently a partner at Hinckley, Allen & Snyder LLP.
Before joining Hinckley Allen in 2013, Mr. Ciaccio was a partner
with Carter Ledyard & Milburn LLP and, previous to that, counsel at
King & Spalding and Orrick Herrington & Sutcliff LLP.
Mr. Ciaccio received his J.D. degree from Columbia University
School of Law and a B.A. degree from Bowdoin College.  He has
published articles in Pratt's Journal of Bankruptcy Law and Best's
Reports concerning the intersection of bankruptcy laws and
insurance matters in bankruptcy proceedings.  He is a member of the
Business Law Section of the American Bar Association and a member
of the Insurance Law Committee of the Association of the Bar of the
City of New York.  He was one of six members of the Committee of
the Business Law Section that originally proposed the Model
Debenture Indenture for use in non-complex financings in conformity
with the Trust Indenture Act of 1939.

"We are very pleased that Frank has joined the Firm," noted Dorsey
Managing Partner Ken Cutler.  "He brings a tremendous depth of
experience to our strong, multi-office bankruptcy, restructuring
and corporate trust practice."

"I am delighted to join Dorsey and its great Firm-wide team of
bankruptcy, restructuring and corporate trust lawyers," noted Mr.
Ciaccio.  "The Firm has an exceptional client base, and I look
forward to serving those clients."

                    About Dorsey & Whitney LLP

Clients have relied on Dorsey since 1912 as a valued business
partner.  With locations across the United States and in Canada,
Europe and the Asia-Pacific region, Dorsey provides an integrated,
proactive approach to its clients' legal and business needs. Dorsey
represents a number of the world's most successful companies from a
wide range of industries, including leaders in the banking, energy,
food and agribusiness, health care, mining and natural resources
and public-private project development sectors, as well as major
non-profit and government entities.


[*] Otterbourg's Cyganowski Among NLJ's Outstanding Women Lawyers
-----------------------------------------------------------------
Otterbourg P.C. on April 20 disclosed that member of the firm
Melanie Cyganowski has been honored as one of the nation's
"Outstanding Women Lawyers" by the National Law Journal.  The
publication recognized 75 women lawyers from throughout the country
for, among other things, leadership, performance in significant
cases, development of successful practices and efforts to improve
diversity in the profession.

"We are proud that Melanie has received this well-deserved
recognition," said Daniel Wallen, Otterbourg's chairman.  "She
provides strong leadership within the firm and exceptional guidance
to our clients, and we have long known that she is one of the best
lawyers in the country."

Ms. Cyganowski chairs the Insolvency Litigation Services, ADR and
Fiduciary Appointments practice area at Otterbourg.  She serves as
a commercial and bankruptcy law litigator, mediator, arbitrator and
expert witness.  She also serves as a fiduciary (examiner, trustee,
receiver, referee, monitor or special master) in bankruptcy and
civil litigation.  She was a federal bankruptcy judge for 14 years
and served as the U.S. Chief Bankruptcy Judge for the Eastern
District of New York from 2005 to 2007.

The National Law Journal stated that, in compiling the list, that
was released April 15, it sorted through hundreds of nominations
and chose winners who "represent excellence in private practice,
corporate counsel work, public interest representation, legal
education and the judiciary."

                     About Otterbourg P.C.

Otterbourg P.C. offers clients a unique combination of legal
insight and practical solutions and is known for its integrity,
stability and business knowledge.  The firm regularly represents
clients in matters of national and international scope, including
institutional lenders and creditors such as banks, asset-based
lenders, hedge funds and private equity firms.  The firm's practice
includes domestic and cross-border financings, litigation and
alternative dispute resolutions, mergers and acquisitions and other
corporate transactions, real estate, restructuring and bankruptcy
proceedings, and trusts and estates.


[*] Today's Debt Tricks May Hurt Cities Later, Fed Boss Warns
-------------------------------------------------------------
Law360 reported that the long-term borrowing that cities rely on to
paper over operating deficits may be weakening municipal finances
more severely than the investment community expects as residents
hit with higher tax rates begin "voting with their feet," the New
York Federal Reserve’s top official said April 13.


                            *********

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
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Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

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