TCR_Public/151231.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, December 31, 2015, Vol. 19, No. 0

                            Headlines

33 PECK: 52 West Set to Complete Sale of Hotel Jan. 22
33 PECK: Bridgeton Buys Jade Greenwich Hotel for $78-Mil.
33 PECK: Fortuna Wins Auction for Wyndham Hotel, Offers $60-Mil.
33 PECK: Sells Seaport Hotel to Howard Hughes for $38.3-Mil.
4LICENSING CORP: Losses, Debt Obligations Cast Going Concern Doubt

ADVANCED MICRO DEVICES: Uses "August Conversion Price" for RSUs
AMERICAN INTERNATIONAL: Has Going Concern Doubt, Says CFO
ANDOVER COVERED BRIDGE: Chapter 11 Case Dismissed
ARCHDIOCESE OF ST. PAUL: 2 Persons Named to Review Sex Abuse Claims
AZIZ CONVENIENCE STORES: Confirmed Plan to Pay Creditors in Full

AZIZ CONVENIENCE STORES: Exit Plan Declared Effective
BERRY PLASTICS: Amends Bonus Plan for Executives
BRUSH CREEK: Ch. 11 Case Converted to Chapter 7
BUNKERS INT'L: Files Chapter 11 Plan of Liquidation
BUNKERS INT'L: Jan. 28 Combined Hearing on Plan & Disclosures

COLT DEFENSE: Judge Denies Committee's Bid to Sue NPA Hartford
D&D ASSOC: Educ. Board Entitled to Attorney's Fees, Court Rules
DAVID DE LANGIS: Cal. Ct. App. Affirms Dismissal of Hermanne Suit
DTM CORP: Suit Against Insurance Agency Dismissed
FILMED ENTERTAINMENT: Universal Studios May Repossess Video Devices

FTE NETWORKS: Thanks Stockholders for Their Continued Support
GARLOCK SEALING: Asbestos Committee Member Substitution Okayed
GENERAL STEEL: Incurs $94.5 Million Net Loss in Third Quarter
GREENPRO CAPITAL: Deficit, Net Loss Raise Going Concern Doubt
GREENSHIFT CORP: Long Side Has 9.9% Stake as of Dec. 2

GRIDWAY ENERGY: Affiliate Announces Third Asset Transfer Closing
HEALTH DIAGNOSTIC: Creditors Conducting Probe, Lawsuits Possible
HEALTHWAREHOUSE.COM INC: Losses, et al., Cast Going Concern Doubt
LEARNING GATE: S&P Lowers Rating on 2007A and 2007B Bonds to 'BB-'
LOCAL CORP: Approved to Sell Substantially All Assets

LONESTAR GEOPHYSICAL: Confirmation Hearing Moved to Feb. 23
MAGELLAN PETROLEUM: Posts Net Loss, Discloses Going Concern Doubt
NCP FINANCE: S&P Retains 'B-' ICR & Revises Outlook to Negative
NET DATA: DuPont Fabros Named as Creditors' Committee Member
NEWLEAD HOLDINGS: Perian Salviola Beneficially Owns 460M Shares

OAKFABCO INC: Status Hearing on Plan Continued to May 2016
OCWEN FINANCIAL: S&P Revises Outlook to Stable & Affirms 'B' ICR
QUANTUM CORP: Eric Singer Holds 5.5% Stake as of Dec. 18
REDDY ICE: S&P Raises CCR to 'CCC+', Outlook Stable
RESPONSE BIOMEDICAL: History of Losses Raises Going Concern Doubt

RESPONSE GENETICS: Files Rule 2015.3 Periodic Report
RIALTO HOLDINGS: S&P Revises Outlook to Stable & Affirms 'B+' ICR
SAGICOR LIFE: S&P Affirms 'BB-' ICR, Outlook Negative
SAMSON RESOURCES: Can Use Cash Collateral Until Jan. 21
THOMAS REYNOLDS: Bid to Declare $200K Debt Nondischargeable Denied

TRANS ENERGY: Names Stephen Lucado Principal Financial Officer
VECTOR ARMS: Court Partially Grants Bid for Contempt Sanctions
VIGGLE INC: Posts Net Loss in Q3 2015, Has Going Concern Doubt
VISANT HOLDING: S&P Withdraws 'B' CCR Over Jarden Acquisition Deal
WAFERGEN BIO-SYSTEMS: Fails to Comply with NASDAQ Rule

WOUND MANAGEMENT: Current Condition Casts Going Concern Doubt
[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

33 PECK: 52 West Set to Complete Sale of Hotel Jan. 22
------------------------------------------------------
52 West 13th P, LLC announced that the closing date for the sale of
its Manhattan hotel is Jan. 22, 2016.

52 West, an affiliate of 33 Peck Slip Acquisition LLC that owns the
Jade Greenwich Village Hotel, sold the property to Bridgeton
Acquisitions LLC, which made a $78 million offer.

The property was supposed to be sold at an auction, with
Bridgeton's $78 million offer serving as the stalking horse bid.
52 West, however, did not receive competing bids before the Nov. 25
deadline, court filings show.

At a hearing on Dec. 1, 2015, the U.S. Bankruptcy Court for the
Southern District of New York declared Bridgeton as the winning
bidder for the property.

                          About 33 Peck

Owners of four New York City hotel properties, namely 33 Peck Slip
Acquisition LLC, Gemini 37 West 24th Street MT, LLC, 36 West 38th
Street LLC and 52 West 13th P, LLC, have sought Chapter 11
bankruptcy protection, intending to auction off their assets in
connection with a Chapter 11 plan.  The Debtors are affiliated with
Gemini Real Estate Advisors.

As of the bankruptcy filing, the Debtors owned:

   * the Best Western Seaport Hotel, at 33 Peck Slip in the South
Street Seaport Historic District on the Lower Manhattan waterfront
in New York City, New York;

   * the Wyndham Flatiron Hotel, at 37 West 24th Street in the
Flatiron district of New York City, New York;

   * the Jade Greenwich Village Hotel at 52 West 13th Street in
Greenwich Village in Lower Manhattan in New York City, New York;
and

   * the Bryant Park Development Site, a development lot that is
approved for development as a 114-room boutique hotel at 34-36 West
38th Street in the Bryant Park district of New York City, New
York.

33 Peck Slip Acquisition LLC, et al., sought Chapter 11 bankruptcy
petition (Bankr. S.D.N.Y. Case Nos. 15-12479 to 15-12482) on Sept.
3, 2015.

The Debtors reported total assets of $205.8 million and total
liabilities of $135.6 million.

The Debtors tapped Robins Kaplan LLP as attorneys; and Robert
Douglas as real estate advisor.

The Debtors have submitted a liquidating plan that will pay off
creditors from proceeds of the sale of their assets.


33 PECK: Bridgeton Buys Jade Greenwich Hotel for $78-Mil.
---------------------------------------------------------
An affiliate of 33 Peck Slip Acquisition LLC has sold its hotel in
Manhattan to Bridgeton Acquisitions LLC.

Bridgeton purchased the Jade Greenwich Village Hotel owned by 52
West 13th P, LLC for $78 million.

The property was supposed to be sold at an auction, with
Bridgeton's $78 million offer serving as the stalking horse bid.
52 West, however, did not receive rival bids prior to the Nov. 25
deadline, court filings show.

At a court hearing on Dec. 1, 2015, Bridgeton was declared as the
winning bidder for the property.

In connection with the sale, U.S. Bankruptcy Judge James Garrity,
Jr. has given 52 West interim approval to pay $780,000 to
RobertDouglas, the company's real estate advisor.

                          About 33 Peck

Owners of four New York City hotel properties, namely 33 Peck Slip
Acquisition LLC, Gemini 37 West 24th Street MT, LLC, 36 West 38th
Street LLC and 52 West 13th P, LLC, have sought Chapter 11
bankruptcy protection, intending to auction off their assets in
connection with a Chapter 11 plan.  The Debtors are affiliated with
Gemini Real Estate Advisors.

As of the bankruptcy filing, the Debtors owned:

   * the Best Western Seaport Hotel, at 33 Peck Slip in the South
Street Seaport Historic District on the Lower Manhattan waterfront
in New York City, New York;

   * the Wyndham Flatiron Hotel, at 37 West 24th Street in the
Flatiron district of New York City, New York;

   * the Jade Greenwich Village Hotel at 52 West 13th Street in
Greenwich Village in Lower Manhattan in New York City, New York;
and

   * the Bryant Park Development Site, a development lot that is
approved for development as a 114-room boutique hotel at 34-36 West
38th Street in the Bryant Park district of New York City, New
York.

33 Peck Slip Acquisition LLC, et al., sought Chapter 11 bankruptcy
petition (Bankr. S.D.N.Y. Case Nos. 15-12479 to 15-12482) on Sept.
3, 2015.

The Debtors reported total assets of $205.8 million and total
liabilities of $135.6 million.

The Debtors tapped Robins Kaplan LLP as attorneys; and Robert
Douglas as real estate advisor.

The bar date for filing proofs of claim is Dec. 16, 2015.

The Debtors have submitted a liquidating plan that will pay off
creditors from proceeds of the sale of the assets.

The Debtors have solicited stalking horse initial offers for the
properties totaling $200 million, subject to potential higher bids
at a Nov. 10 auction.  The Debtors plan to sell the Seaport hotel
for $37.5 million, the Jade hotel for $78 million, the Wyndham
hotel for $57 million, and the development site for $25.5 million.


33 PECK: Fortuna Wins Auction for Wyndham Hotel, Offers $60-Mil.
----------------------------------------------------------------
Fortuna 37 West 24th Street LLC emerged as the winning bidder at an
auction for the Wyndham Flatiron Hotel, court filings show.

The company made a $60 million offer for the hotel owned by Gemini
37 West 24th Street MT LLC, an affiliate of 33 Peck Slip
Acquisition LLC.

Under the deal, Gemini is required to consummate the sale no later
than Feb. 29, 2016.  The company intends to pay its loan from
secured lender SBNP I BOA LLC upon the closing of the sale,
according to court filings.

In connection with the sale, Gemini said it will seek interim
approval from U.S. Bankruptcy Judge James Garrity Jr. to pay
$500,310 to RobertDouglas, the company's real estate advisor.

                          About 33 Peck

Owners of four New York City hotel properties, namely 33 Peck Slip
Acquisition LLC, Gemini 37 West 24th Street MT, LLC, 36 West 38th
Street LLC and 52 West 13th P, LLC, have sought Chapter 11
bankruptcy protection, intending to auction off their assets in
connection with a Chapter 11 plan.  The Debtors are affiliated with
Gemini Real Estate Advisors.

As of the bankruptcy filing, the Debtors owned:

   * the Best Western Seaport Hotel, at 33 Peck Slip in the South
Street Seaport Historic District on the Lower Manhattan waterfront
in New York City, New York;

   * the Wyndham Flatiron Hotel, at 37 West 24th Street in the
Flatiron district of New York City, New York;

   * the Jade Greenwich Village Hotel at 52 West 13th Street in
Greenwich Village in Lower Manhattan in New York City, New York;
and

   * the Bryant Park Development Site, a development lot that is
approved for development as a 114-room boutique hotel at 34-36 West
38th Street in the Bryant Park district of New York City, New
York.

33 Peck Slip Acquisition LLC, et al., sought Chapter 11 bankruptcy
petition (Bankr. S.D.N.Y. Case Nos. 15-12479 to 15-12482) on Sept.
3, 2015.

The Debtors reported total assets of $205.8 million and total
liabilities of $135.6 million.

The Debtors tapped Robins Kaplan LLP as attorneys; and Robert
Douglas as real estate advisor.

The Debtors have submitted a liquidating plan that will pay off
creditors from proceeds of the sale of their assets.


33 PECK: Sells Seaport Hotel to Howard Hughes for $38.3-Mil.
------------------------------------------------------------
33 Peck Slip Acquisition LLC has sold its hotel in Manhattan to
Howard Hughes Corp., according to a filing it made in U.S.
Bankruptcy Court for the Southern District of New York.

Howard Hughes made a $38.3 million offer for the Best Western
Seaport Hotel located at 33 Peck Slip, New York.  Its offer was
declared as the winning bid at a bankruptcy auction held earlier
this month.

Morning View Hotels – New York Seaport LLC, which offered $37.3
million for the property in September, had earlier opposed Howard
Hughes' $38.3 million bid.

In its objection, Morning View Hotels said the company made an
offer after the deadline for submitting bids in violation of the
court-approved bidding process.  Morning View Hotels also argued
that creditors will not benefit from the deal.

The objection was overruled by U.S. Bankruptcy Judge James Garrity
Jr. earlier this month.

In connection with the sale, Judge Garrity has given 33 Peck
interim approval to pay $375,500 to RobertDouglas, the company's
real estate advisor, according to court filings.

                          About 33 Peck

Owners of four New York City hotel properties, namely 33 Peck Slip
Acquisition LLC, Gemini 37 West 24th Street MT, LLC, 36 West 38th
Street LLC and 52 West 13th P, LLC, have sought Chapter 11
bankruptcy protection, intending to auction off their assets in
connection with a Chapter 11 plan.  The Debtors are affiliated with
Gemini Real Estate Advisors.

As of the bankruptcy filing, the Debtors owned:

   * the Best Western Seaport Hotel, at 33 Peck Slip in the South
Street Seaport Historic District on the Lower Manhattan waterfront
in New York City, New York;

   * the Wyndham Flatiron Hotel, at 37 West 24th Street in the
Flatiron district of New York City, New York;

   * the Jade Greenwich Village Hotel at 52 West 13th Street in
Greenwich Village in Lower Manhattan in New York City, New York;
and

   * the Bryant Park Development Site, a development lot that is
approved for development as a 114-room boutique hotel at 34-36 West
38th Street in the Bryant Park district of New York City, New
York.

33 Peck Slip Acquisition LLC, et al., sought Chapter 11 bankruptcy
petition (Bankr. S.D.N.Y. Case Nos. 15-12479 to 15-12482) on Sept.
3, 2015.

The Debtors reported total assets of $205.8 million and total
liabilities of $135.6 million.

The Debtors tapped Robins Kaplan LLP as attorneys; and Robert
Douglas as real estate advisor.

The bar date for filing proofs of claim is Dec. 16, 2015.

The Debtors have submitted a liquidating plan that will pay off
creditors from proceeds of the sale of the assets.

The Debtors have solicited stalking horse initial offers for the
properties totaling $200 million, subject to potential higher bids
at a Nov. 10 auction.  The Debtors plan to sell the Seaport hotel
for $37.5 million, the Jade hotel for $78 million, the Wyndham
hotel for $57 million, and the development site for $25.5 million.


4LICENSING CORP: Losses, Debt Obligations Cast Going Concern Doubt
------------------------------------------------------------------
4Licensing Corporation's substantial loss from operations, limited
liquidity and loan obligations raise substantial doubt about its
ability to continue as a going concern, according to Bruce R.
Foster, chief executive officer, executive vice president and chief
financial officer of the company, in a November 13, 2015 regulatory
filing with the U.S. Securities and Exchange Commission.

Mr. Foster told the SEC: "Since emerging from bankruptcy, the
company has incurred substantial net losses and has used
substantial amounts of cash in its operating activities.  In 2014
and continuing into 2015 the company issued debt and equity
securities to fund its operations.  There is no assurance the
company will be able to sell additional securities at all or on
terms acceptable to the Company.

"As a result of the bankruptcy proceedings and despite the $845,000
proceeds from the issuance of promissory notes, shares of common
stock and warrants during the nine months ended September 30, 2015
and $200,000 proceeds from the issuance of a promissory note and
warrants in October 2015, the company's overall cash position as of
September 30, 2015 provides only limited liquidity to fund the
company's day-to-day operations.

"The company will consider all alternatives available to generate
additional cash to fund its operations, including, but not limited
to sales of assets, issuance of equity or debt securities, and
other third party arrangements.  There can be no assurance that any
of these alternatives will generate additional cash.

"The substantial loss from operations incurred in recent years, the
company's limited liquidity as of September 30, 2015, the costs
associated with the further development and launch of products,
which could be substantial, and the loan obligations maturing in
March 2016 and December 2016, taken together, raise substantial
doubt about the company's ability to continue as a going concern."


At September 30, 2015, the company had total assets of $2,651,000,
total liabilities of $3,886,000, and total deficit of $1,235,000.

The company incurred a net loss of $566,000 during the three months
ended September 30, 2015, compared to a net loss of $755,000 for
the three months ended September 30, 2014.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/qb9sa7a

4Licensing Corporation (4LC), through its subsidiary, develops,
source-manufactures and distributes products for retail under the
isoBLOX(TM) technology.  The New York-based company also licenses
merchandising rights to popular children's television series,
properties and product concepts, and plans to enter into licensing
relationships in the sports industry and develop private label
goods to be sold to customers.



ADVANCED MICRO DEVICES: Uses "August Conversion Price" for RSUs
---------------------------------------------------------------
Advanced Micro Devices, Inc., previously disclosed on its Current
Report on Form 8-K filed on Aug. 11, 2015, that it had approved
annual long-term incentive equity awards under its 2004 Equity
Incentive Plan, consisting of a mix of performance-based restricted
stock units, time-based restricted stock units and stock options
with specific target dollar values to the following named executive
officers: Messrs. Devinder Kumar, Forrest E. Norrod and Mark D.
Papermaster and Dr. Lisa Su.  As disclosed in the August Form 8-K,
these equity awards were to be granted in two tranches:

  * The first tranche was granted on Aug. 15, 2015.  On that date
    Messrs. Devinder Kumar, Forrest E. Norrod and Mark D.
    Papermaster each received their award of PRSUs and stock
    options, and Dr. Su received her award of PRSUs.

  * The second tranche was granted on Dec. 26, 2015.  On that
    date, Messrs. Devinder Kumar, Forrest E. Norrod and Mark D.
    Papermaster each received their award of RSUs, and Dr. Su
    received her award of RSUs and stock options.

The August Form 8-K also disclosed that the approved target dollar
value of each named executive officer's equity awards would be
converted into a definitive number of PRSUs and stock options and
RSUs using the average closing price of the Company's common stock
for the 180 days preceding the grant date.  As a result, for the
first tranche of equity awards a conversion price of $2.4267 was
used (the "August Conversion Price") to determine the number of
PRSUs and stock options granted to Messrs. Devinder Kumar, Forrest
E. Norrod and Mark D. Papermaster, and the number of PRSUs granted
to Dr. Su.  The conversion price for the second tranche of equity
awards was to be the average closing price of the Company's common
stock for the 180-day period ending Dec. 25, 2015 ("the December
Coversion Price").

On Dec. 28, 2015, the Company filed a Current Report on Form 8-K to
disclose that the August Conversion Price was used instead of the
December Conversion Price to convert the approved target dollar
values of the second tranche of equity awards into a definitive
number of RSUs or, in Dr. Su's case, RSUs and stock options.

Specifically, on Dec. 24, 2015, the Compensation and Leadership
Resources Committee of the Company determined to use the August
Conversion Price instead of the December Conversion Price for
purposes of calculating the number of RSUs to be granted on
Dec. 26, 2015, to Messrs. Devinder Kumar, Forrest E. Norrod and
Mark D. Papermaster.  The August Conversion Price is higher than
the December Conversion Price and the decision to use the August
Conversion Price resulted in fewer RSUs being granted in connection
with the second tranche of these named executive officers' equity
awards.

On the same day, the Board of Directors of the Company determined
to use the August Conversion Price instead of the December
Conversion Price for purposes of calculating the number of RSUs and
stock options to be granted on Dec. 26, 2015, to Dr. Su.  The
August Conversion Price is higher than the December Conversion
Price and the decision to use the August Conversion Price resulted
in fewer RSUs and stock options being granted in connection with
the second tranche of Dr. Su's equity awards.

This change in the conversion price for the second tranche of the
equity awards was made to ensure that the conversion price was the
same conversion price used for the Company's officer and employee
grants made in August 2015.  Other than the change to the
conversion price, no additional changes or new grants were made to
the named executive officers.

                   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 Sept. 26, 2015, the Company had $3.22 billion in total
assets, $3.56 billion in total liabilities and a $336 million total
stockholders' deficit.

                          *     *     *

As reported by the TCR on Oct. 22, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Sunnyvale,
Calif.-based Advanced Micro Devices Inc. to 'CCC+' from 'B-'.  
"The downgrade reflects our expectation that AMD will experience a
more gradual return to revenue growth, ongoing competitive
challenges to restore operating profitability, and more severe
operating losses and negative free cash flow through 2016 than we
had previously forecast, despite recent improvements to its
liquidity," said Standard & Poor's credit analyst John Moore.

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 July 2015, Moody's Investors Service lowered Advanced Micro
Devices, Inc's ("AMD") corporate family rating to Caa1 from B3, and
the ratings on the senior unsecured notes to Caa2 from Caa1.  
The downgrade of the corporate family rating to Caa1 reflects AMD's
prospects for ongoing operating losses over the next year and
negative free cash flow.


AMERICAN INTERNATIONAL: Has Going Concern Doubt, Says CFO
---------------------------------------------------------
American International Ventures, Inc., has substantial doubt about
its ability to continue as a going concern, according to Jack
Wagenti, chairman, president and chief financial officer of the
company, in a regulatory filing with the U.S. Securities and
Exchange Commission dated November 10, 2015.

The company posted a net loss of $68,476 for the three months ended
August 31, 2015, compared to a net loss of $299,312 for the same
period in 2014.

"As shown in the accompanying financial statements, the company has
experienced losses since its inception.  It also had a working
capital deficiency at August 31, 2015 and presently does not have
sufficient resources to meet its outstanding liabilities or
accomplish its objectives during the next twelve months," Mr.
Wagenti pointed out.  

"These factors raise substantial doubt about the ability of the
company to continue as a going concern."

Mr. Wagenti further noted, "As of August 31, 2015, the company had
a working capital deficit of $519,573, compared with a working
capital deficit of $505,233 as of May 31, 2015.  The increase in
the working capital deficit is principally due to a reduction in
the cash balance, partially offset by an increase in advances from
shareholders.

"The company has projected that its administrative overhead for the
next 12 months will be approximately $185,000 which consists of
accounting fees (including tax, audit and review) in the
approximate amount of $45,000, legal fees in the approximate amount
of $40,000, and miscellaneous expenses of $100,000. The projected
legal and accounting fees relate to the company's reporting
requirements under the Securities Exchange Act of 1934.

"The company expects to incur additional legal and accounting fees
in order to effect acquisitions and share exchanges or a business
combination transaction.  The company has no other capital
commitments.  To continue its business plan, the company will be
required to raise additional funds through the private placement of
its capital stock or through debt financing to meet its ongoing
corporate overhead obligations.  If the company is unable to meet
its corporate overhead obligations, it will have a material adverse
impact on the company and the company may not be able to complete
its plan of operations of finding a suitable business acquisition
or combination candidate."

At August 31, 2015, the company had total assets of $1,296,200,
total liabilities of $591,767, and total stockholders' equity of
$704,433.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/zcuz8xf

American International Ventures, Inc. (AIVN) is a gold and silver
mining company based in Lithia, Florida.  The company is focused on
acquiring and producing from historical mines that have proven past
gold production in Nevada and Baja, Mexico.


ANDOVER COVERED BRIDGE: Chapter 11 Case Dismissed
-------------------------------------------------
Judge Peter G. Cary of the United States Bankruptcy Court for the
District of Maine dismissed the case captioned In re: Andover
Covered Bridge, LLC, Chapter 11 Debtor, Case No. 15-20489 (Bankr.
D. Me.).

On October 21, 2015, the United States Trustee filed a motion to
convert or dismiss Andover Covered Bridge, LLC's Chapter 11 case.


Judge Cary found that cause exists to dismiss the case.  Such cause
includes, but is not limited to, the late filing of certain monthly
operating reports, the accrual of post-petition debt without the
income or other apparent ability to pay such debt, and the absence
of a reasonable likelihood of rehabilitation.  The judge further
concluded that dismissal, rather than conversion of the case, is in
the best interests of the creditors of the estate.

A full-text copy of Judge Cary's December 14, 2015 opinion is
available at http://is.gd/jrGhxMfrom Leagle.com.

Andover Covered Bridge, LLC is represented by:

          Steven E. Cope, Esq.
          COPE LAW FIRM
          One William Street
          P. O. Box 1398
          Portland, ME 04104
          Tel: (207) 772-7491
          Fax: (207) 772-7428
          Email: scope@copelegal.com

Office of the U.S. Trustee is represented by:

          Stephen G. Morrell, Esq.
          Jennifer H. Pincus, Esq.
          OFFICE OF THE U.S. TRUSTEE
          537 Congress Street, Room 300
          Portland, ME 04101
          Tel: (207) 780-3564
          Fax: (207) 780-3568


ARCHDIOCESE OF ST. PAUL: 2 Persons Named to Review Sex Abuse Claims
-------------------------------------------------------------------
Brian Short, in his capacity as a member of the board of directors
of the Archdiocese of St. Paul and Minneapolis, and Thomas Abood,
in his capacity as a member of the Archdiocese's finance council,
were designated as "permitted parties" pursuant to the Court's
April 17, 2015 order.

Messrs. Short and Abood will conduct a review of confidential
Sexual Abuse Proof of Claim forms upon execution of the agreed-upon
confidentiality agreement.

The Debtor is represented by:

         Benjamin E. Gurstelle, Esq.
         Richard D. Anderson, Esq.
         BRIGGS AND MORGAN, P.A.
         2200 IDS Center
         80 South 8th Street
         Minneapolis, MN 55402
         Tel: (612) 977-8400
         Fax: (612) 977-8650
         E-mails: randerson@briggs.com
                  crogers@briggs.com
                  bgurstelle@briggs.com

The Official Parish Committee of Unsecured Creditors is represented
by:

        Nauni J. Manty, Esq.
        Dennis O'Brien, Esq.
        Mychal A. Bruggeman, Esq.
        MANTY & ASSOCIATES, P.A.
        401 Second Avenue North, Suite 400
        Minneapolis, MN 55401
        Tel: (612) 465-0990

The Official Committee of Unsecured Creditors is represented by:

        Robert T. Kugler, Esq.
        Edwin H. Caldie, Esq.
        STINSON LEONARD STREET LLP
        150 South Fifth Street, Suite 2300
        Minneapolis, MN 55402
        Tel: (612) 335-1500
        Fax: (612) 335-1657

                About the Archdiocese of St. Paul

The Archdiocese of Saint Paul and Minneapolis was originally
established by the Vatican in 1850 and serves a geographical area
consisting of 12 greater Twin Cities metro-area counties in
Minnesota, including Ramsey, Hennepin, Anoka, Carver, Chisago,
Dakota, Goodhue, Le Sueur, Rice, Scott, Washington, and Wright
counties.  There are 187 parishes and approximately 825,000
Catholic individuals in the region.  These individuals and
parishes are served by 3999 priests and 173 deacons.

The Archdiocese of St. Paul and Minneapolis filed for Chapter 11
protection (Bankr. D. Minn. Case No. 15-30125) in Minnesota on
Jan. 16, 2015, saying it has large and growing liabilities related
to child sexual abuse and that its pension obligations are
underfunded.

The Debtor disclosed $45,203,010 in assets and $15,890,460 in
liabilities as of the Chapter 11 filing.

The Debtor has tapped Briggs and Morgan, P.A., as Chapter 11
counsel; BGA Management LLC d/b/a Alliance Management as financial
advisor; Lindquist & Vennum LLP as attorney.

Eleven other dioceses have commenced Chapter 11 bankruptcy cases
in the United States to settle claims from current and former
parishioners who say they were sexually molested by priests.

U.S. Trustee for Region 12 appointed five creditors to serve on
the official committee of unsecured creditors.

The U.S. Trustee appointed five creditors to serve on the
Committee of Parish Creditors.  Ginny Dwyer appointed as the acting
chairperson of the committee until such time as the members can
meet and officially elect their own person.

                             *   *   *

The Debtor's exclusive period for filing a Chapter 11 plan and
disclosure statement ends on Nov. 30, 2015.


AZIZ CONVENIENCE STORES: Confirmed Plan to Pay Creditors in Full
----------------------------------------------------------------
Aziz Convenience Stores, L.L.C., has paid off its primary secured
creditors from various sale transactions, and believes that it has
enough funds to pay off remaining creditors in full under its
confirmed plan of reorganization.

On April 14, 2015, the Bankruptcy Court entered an order approving
the sale of the 200-acre property in Hidalgo County, Texas, to Mr.
Taek Kim for a total purchase price of $4,500,000.  Pursuant to the
sale order, the secured claim of Greenwich Investors XLV Trust
2013-1 was paid in full from the sale proceeds. After closing
costs, broker's fees and payment of the Greenwich Secured Claim,
the Debtor received $379,405.35 from the sale.  Most of these sale
proceeds were paid to the Comptroller as partial payment of its
claim against the Estate.

On July 28, 2015, the Bankruptcy Court approved the sale of the
bulk of the Debtor's assets to Susser Petroleum Property Company
LLC, following a marketing process of approximately six months.
Susser, the stalking horse buyer, submitted an offer of $28 million
plus inventory.  At the July 14, 2015 bid deadline, the Debtor
received two qualifying overbids.  At an auction held July 20,
Susser emerged as the winning bidder with a $41,600,000 offer for
27 of the 28 Stores, plus the purchase of the Debtor's inventory.
Circle K Stores Inc. submitted a $41,500,000 backup bid.  The sale
to Susser closed on August 10, 2015.

As a result of the due diligence conducted by Susser certain
potential environmental issues related to the Stores were
discovered. Thus, in connection with the Susser Transaction, the
Debtor funded an escrow reserve of $519,000 to cover potential
remediation and monitoring expenses. All rights to any remainder of
this escrow fund shall transfer to Newco as part of the Residual
Estate. Further, Susser opted to exclude Store #2 from the Susser
Transaction.  As a result, on the Effective Date, Store #2 will be
transferred to Newco as part of the Residual Estate.

Pursuant to a settlement approved by the bankruptcy court on June
23, 2015, Plains Capital Bank's secured claim was capped at
$27,601,798, and secured claim was paid from the cash proceeds from
the Susser Transaction.

In addition, on Aug. 8, 2015, the Bankruptcy Court entered an order
approving a compromise by and between the Debtor and the
Comptroller of Public Accounts for the State of Texas.  The terms
of the settlement provided for full and final satisfaction of the
Sales & Excise Tax Claim and full and final payment of the
Comptroller's claim for franchise taxes due in 2015.  On September
2, 2015, the Debtor paid the amounts due to the Comptroller under
the Comptroller Settlement thereby satisfying the Sales & Excise
Claim in full.

As a result of the 200 Acres Sale and the Susser Transaction -- in
connection with the PCB Settlement and the Comptroller Settlement
–- the largest Secured Claims against the Debtor have been fully
satisfied. Further, the Debtor does not anticipate significant
Non-tax Priority Claims. As a result, the Debtor anticipates that
on the Effective Date there will exist sufficient Available Cash to
pay Allowed Administrative Claims in full and to pay Allowed
General Unsecured Claims the full amount of their prepetition claim
amounts.  The remainder, or the Residual Estate, shall be
transferred to Newco for the benefit of Equity Interest Holders.

Allowed Administrative Claims and Allowed Priority Tax Claims
against the Debtor will be paid in cash and in full from the Debtor
on the later of (i) the Effective Date, (ii) the date on which such
Claim becomes an Allowed Claim; or (iii) such date as the Plan
Agent and the holder of the Allowed Administrative or Allowed
Priority Tax Claim shall agree.  Allowed Administrative
Claims and Priority Tax Claims are not entitled to post-petition
interest.

The Plan designates only two classes:

   * Class 1 - General Unsecured Claims.  Class 1 is comprised
     of all Allowed General Unsecured Claims against the Debtor.

   * Class 2 – Equity Interests.  Class 2 is comprised of all
     Allowed Equity Interests in the Debtor.

Holders of Allowed General Unsecured Claims will receive a Pro Rata
share of Distributions from Available Cash up to the Allowed Amount
of the Class 1 Claim without payment of postpetition interest.  On
the Effective Date, the Residual Estate will be transferred to
Newco for the benefit of Allowed Equity Interests. Once the Plan
Agent has paid all Allowed Administrative Claims, Allowed Priority
Tax Claims, and Allowed General Unsecured Claims and satisfied all
costs of administering the Plan, all remaining funds in the Plan
Reserve will be paid to Newco.  In addition, any remaining Causes
of action not resolved by the Plan Agent shall be assigned to
Newco.

A copy of the Plan of Reorganization and Related Disclosure
Statement dated Sept. 23, 2015, is available for free at:

    http://bankrupt.com/misc/Aziz_C_366_Plan_DS.pdf

                      About Aziz Convenience

Aziz Convenience Stores, L.L.C., owned 28 convenience stores with
gas pumps in Texas.  Aziz also claimed to be the beneficial owner
of a 205.888 acre real property in Hidalgo County, Texas, which was
purchased by its principal, Dagoberto G. Trevino, using Aziz's
funds.

Aziz Convenience Stores filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Tex. Case No. 14-70427) in its hometown in McAllen,
Texas, on Aug. 4, 2014.

The Debtor tapped Okin & Adams LLP as general bankruptcy counsel
and Douglas J. Brickley and The Claro Group, LLC as Chief
Restructuring Officer and financial advisors.  The Debtor also
engaged Keen as its investment banker to market the Debtor's assets
for sale or refinancing.  Additionally, the Debtor hired Wick
Phillips Gould & Martin, LLP and Munsch Hardt Kopf & Harr, P.C., as
special counsel.


AZIZ CONVENIENCE STORES: Exit Plan Declared Effective
-----------------------------------------------------
Aziz Convenience Stores, L.L.C., which sold most of its assets to
Susser Petroleum Property Company, disclosed that the effective
date of its Chapter 11 plan occurred on Nov. 9, 2015.

On Nov. 2, 2015, the U.S. Bankruptcy Court for the Southern
District of Texas, McAllen Division, entered an order confirming
the Debtor's Plan of Reorganization.

Claims for damages arising from the rejection of an executory
contract or unexpired lease were due Dec. 9, 2015.  Applications
for allowance of administrative claims were due Nov. 24, 2015.

On Sept. 28, 2015, Judge Eduardo V. Rodriguez granted conditional
approval of the Disclosure Statement, set an Oct. 26 for written
acceptances or rejections of the Plan, and scheduled a Nov. 2
combined hearing on final approval of the Disclosure Statement and
confirmation of the Plan.

Pursuant to the Plan, ballots were solicited from holders of Claims
in Class 1.  The Debtor received 5 ballots from holders of Class 1
Unsecured Claims.  Four, or 80 percent, of these ballots
constituted votes to accept the Plan and 1 ballot received from
Class 1 constituted a vote rejecting the Plan.  The total dollar
amount of claims held by Class 1 Claimants who submitted ballots
indicating either an acceptance or a rejection is $427,980.87.
Holders of $420,815 or 98 percent of the total dollar amount of
claims voting in Class 1 voted to accept the Plan.

A copy of the Plan of Reorganization and Related Disclosure
Statement dated Sept. 23, 2015, is available for free at:

    http://bankrupt.com/misc/Aziz_C_366_Plan_DS.pdf

A copy of the order confirming the Plan is available for free at:

    http://bankrupt.com/misc/Aziz_C_399_Plan_Order.pdf

                      About Aziz Convenience

Aziz Convenience Stores, L.L.C., owned 28 convenience stores with
gas pumps in Texas.  Aziz also claimed to be the beneficial owner
of a 205.888 acre real property in Hidalgo County, Texas, which was
purchased by its principal, Dagoberto G. Trevino, using Aziz's
funds.

Aziz Convenience Stores filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Tex. Case No. 14-70427) in its hometown in McAllen,
Texas, on Aug. 4, 2014.

The Debtor tapped Okin & Adams LLP as general bankruptcy counsel
and Douglas J. Brickley and The Claro Group, LLC as Chief
Restructuring Officer and financial advisors.  The Debtor also
engaged Keen as its investment banker to market the Debtor's assets
for sale or refinancing.  Additionally, the Debtor hired Wick
Phillips Gould & Martin, LLP and Munsch Hardt Kopf & Harr, P.C., as
special counsel.


BERRY PLASTICS: Amends Bonus Plan for Executives
------------------------------------------------
The Compensation Committee of the Board of Directors of Berry
Plastics Group, Inc. amended and restated the Berry Plastics Group,
Inc. Executive Bonus Plan, effective as of Sept. 27, 2015, as a
sub-plan of the Berry Plastics Group, Inc. Long-Term Incentive
Plan.  The terms of the Bonus Plan, as amended, are intended to
comply with the requirements for performance-based compensation
under Section 162(m) of the Internal Revenue Code of 1986, as
amended, to the extent applicable.  Beginning with the current
fiscal year, grants of bonus awards to the executives of the
Company will be made by the Compensation Committee under the
amended and restated Bonus Plan.

A copy of the Executive Bonus Plan is available for free at:

                       http://is.gd/BXtC2o
  
                       About Berry Plastics

Berry Plastics Corporation manufactures and markets plastic
packaging products, plastic film products, specialty adhesives and
coated products.  At Jan. 2, 2010, the Company had more than 80
production and manufacturing facilities, primarily located in the
United States.  Berry is a wholly-owned subsidiary of Berry
Plastics Group, Inc.  Berry Group is primarily owned by affiliates
of Apollo Management, L.P., and Graham Partners.  Berry, through
its wholly owned subsidiaries operates five reporting segments:
Rigid Open Top, Rigid Closed Top, Flexible Films, Tapes/Coatings
and Specialty Films.  The Company's customers are located
principally throughout the United States, without significant
concentration in any one region or with any one customer.

On Dec. 3, 2009, Berry Plastics obtained control of 100 percent of
the capital stock of Pliant upon Pliant's emergence from
reorganization pursuant to a proceeding under Chapter 11 for a
purchase price of $602.7 million.  Pliant is a manufacturer of
films and flexible packaging for food, personal care, medical,
agricultural and industrial applications.

As of Sept. 26, 2015, the Company had $5.02 billion in
total assets, $5.08 billion in total liabilities and a $65 million
total stockholders' deficit.

                           *     *     *

As reported by the TCR on Jan. 30, 2015, Moody's Investors Service
upgraded the corporate family rating of Berry Plastics to 'B1' from
'B2'.  The upgrade of the corporate family rating reflects the
pro-forma benefits from the recent restructuring and acquisitions.

The TCR reported on Sept. 11, 2015, that Standard & Poor's Ratings
Services said it affirmed its 'B+' corporate credit rating on
Evansville, Ind.-based Berry Plastics Group Inc.

"The corporate credit rating affirmation reflects our view that the
AVINTIV acquisition enhances Berry's operations enough to offset
the additional debt incurred to fund the transaction, resulting in
a neutral effect on credit quality," said Standard & Poor's credit
analyst James Siahaan.


BRUSH CREEK: Ch. 11 Case Converted to Chapter 7
-----------------------------------------------
The Hon. Michael E. Romero of the U.S. Bankruptcy Court District of
Colorado converted the Chapter 11 case of Brush Creek Airport, LLC,
to one Chapter 7 of the Bankruptcy Code.

The order was issued following a motion to convert file by Buckhorn
Ranch Association, Inc., and Paul P. Guerrieri & Sons, Inc., and
joined by Community Banks of Colorado.

The Debtor consented to the dismissal or conversion of its case.

On Nov. 25, 2015, the Debtor, Buckhorn Ranch Association, Inc.,
Community Banks of Colorado, and Paul P. Guerrieri& Son, Inc.,
entered into a stipulation in relation to the joint motion to
convert case.

The parties stipulated that, among other things:

   1. the Debtor owned 97 lots in a subdivision known as Buckhorn
Ranch near Crested Butte, Colorado.  There are a total of
approximately 247 lots within the Buckhorn Ranch Subdivision and an
airstrip that is not a part of the HOA but is owned by the Debtor.

   2. Guerrieri and the Bank have standing to pursue the motion.

   3. By written order entered on June 5, 2015, the Court granted
the Bank relief from the automatic stay to foreclose on and take
possession and control of 91 of the 97 lots owed by the Debtor.

   4. The Bank scheduled a foreclosure sale of the 91 lots through
the Gunnison County Public Trustee.

   5. The Debtor's right to cure expired on Nov. 3, 2015.

   6. The Gunnison County Public Trustee conducted the foreclosure
sale of 91 lots on Nov. 4, 2015. The Bank was the high bidder with
a bid of $2,523,472.

As reported by The Troubled Company Reporter on Aug. 31, 2015,
creditors Buckhorn Ranch and Paul Guerrieri complained that the
case has been pending for approximately 16 months and contended
that the Debtor has not filed a confirmable Plan and Disclosure
Statement and is already the subject of two granted relief from
stay motions effectively removing all the real property from the
Debtor's estate. The creditors further contend that the failure to
file a plan in over sixteen months is an indication that the Debtor
is either unable to or lack the ability to file one, and that any
further delay in the administration of the case is prejudicial to
creditors.

The Debtor opposed to the motion to convert, stating that its
estate is not administratively insolvent since the value of its
assets exceeds the amount of all of its debts and a new financing
deal is imminent.  The Debtor also noted that its ability to obtain
financing to satisfy its creditors' claims or fund a plan of
reorganization should preclude dismissal or conversion of the case.
The Debtor requested that the Court deny the motion to convert.

Buckhorn Ranch replied to the Debtor's objection, stating that
other cause exists for the conversion -- failure of the Debtor to
pay real estate taxes as they become due, the resulting continuing
loss and diminution in value of the assets of the estate at the
hands of the Debtor.

Community Banks of Colorado, a division of NBH Bank, N.A. joined
the Creditors' motion, stating that it agreed with the relief
requested and the grounds asserted as support for such relief.
While its foreclosure has not yet been completed, the Bank
anticipates that the sale of its collateral will not generate
sufficient proceeds to satisfy the debt, and therefore, the Bank
will have an unsecured, deficiency claim against the Debtor.

Buckhorn Ranch is represented by:

         Michael J. Guyerson, Esq.
         Gabrielle Palmer, Esq.
         ONSAGER, GUYERSON, FLETCHER, JOHNSON
         1801 Broadway, Suite 900
         Denver, CO 80202
         Tel: (303) 512-1123
         Fax: (303) 512-1129
         E-mails: mguyerson@OGFJ-law.com
                  gpalmer@OGFJ-law.com

Guerrieri is represented by:

         David M. Rich, Esq.
         MINOR & BROWN P.C.
         650 S. Cherry Street, Suite 1100
         Denver, CO 80246-1801
         Tel: (303) 376-6020
         Fax: (303) 320-6330
         E-mail: drich@minorbrown.com

The Bank is represented by:

         Andrew W. Muller, Esq.
         STINSON LEONARD STREET LLP
         1201 Walnut Street, Suite 2900
         Kansas City, MO 64106
         Tel: (816) 691-3198
         Fax: (816) 412-8124
         E-mail: Andrew.muller@stinson.com

The Debtor is represented by:

         David J. Warner, Esq.
         SENDER WASSERMAN WADSWORTH, P.C.
         1660 Lincoln St., Suite 2200
         Denver, CO 80264
         Tel: (303) 296-1999
         Fax: (303) 296-7600
         E-mail dwarner@sww-legal.com

                    About Brush Creek Airport

Brush Creek Airport, LLC, is the real estate developer of the
Buckhorn Ranch Subdivision in unincorporated Gunnison County, near
Crested Butte, Colorado.  The Buckhorn Ranch Subdivision consists
of 249 lots and features a private airstrip and fishing and
recreational licenses for a portion of the Upper East River.  It
owns 97 improved lots in the Buckhorn Ranch Subdivision that are
available for construction, but upon which no homes have been
built.  It also owns the Upper East River Water Company, LLC,
which
provides water taps for lots and water services for homes in the
subdivision.

Brush Creek Airport, LLC filed a Chapter 11 bankruptcy petition
(Bankr. D. Col. Case No. 14-14630) in Denver on April 10, 2014.
The Debtor estimated assets of $10 million to $50 million and debt
of $1 million to $10 million.

The Debtor has employed Sender Wasserman Wadsworth, P.C. as
counsel
and 5280 Accounting Services, LLC, as accountants and bookkeepers.


BUNKERS INT'L: Files Chapter 11 Plan of Liquidation
---------------------------------------------------
Bunkers International Corp. ("BIC"), and its affiliated and related
entities Atlantic Gulf Bunkering, LLC ("AGB"), and Dolphin Marine
Fuels, LLC ("DMF"), have submitted to the Bankruptcy Court a
Chapter 11 Plan that proposes to liquidate the Debtors' assets and
liabilities in a manner designed to maximize recoveries to all
creditors.

The Debtors believe the Plan provides the best means currently
available for the liquidation of assets and recovery for Unsecured
Creditors.

The Plan contemplates a return of most collateral to holders of
Allowed Lien claims and vesting of lien-free assets and Causes of
Action in respective Liquidating Debtors.  The Liquidating Debtors
will be controlled by the Manager, who will liquidate all Retained
Assets, pursue Causes of Action, and distribute the proceeds to the
respective Holders of Allowed Unsecured Claims.

The Plan contemplates the creation of 3 Liquidating Debtors
controlled by the Manager.  Each Liquidating Debtor will have
respective Retained Assets, including the Causes of Action, and
will liquidate such in an orderly fashion for the benefit of the
respective Unsecured Classes (Classes 11, 18 and 24).

The Plan contains 25 classes of Claims and Interests.  There are 3
classes of Priority Wage Claims, 3 Classes of Secured Claims held
by PNC, 3 classes of general Unsecured Claims, 13 classes of
quasi-Secured Claims that will receive return of collateral, and 3
classes of Interests.

Unsecured creditors will be entitled to share, pro rata, in all
"Extraordinary Income."  Distribution of Extraordinary Income will
be made by the Manager pursuant to the terms of the Plan and will
continue until the Final Distribution.  The Debtors say the amount
of Extraordinary Income cannot be determined at this time.

Upon entry of the Confirmation Order, the Debtors will become
Liquidating Debtors.  The equity of each Debtor will be
extinguished and the Manager will immediately commence control of
each Liquidating Debtor to administer the Plan and pursue
Extraordinary Income.  There will be no on-going operations of any
Liquidating Debtor other than liquidation of assets and pursuit of
Extraordinary Income. The Debtors believe the proceeds of all Lien
free assets and Extraordinary Assets will be sufficient to meet all
required Plan payments.

The Debtors have selected Robert Morrison to serve as the Manager
of the Liquidating Debtors for a period of time commencing on the
Effective Date.  Mr. Morrison's current rate is $350 per hour.

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

        http://bankrupt.com/misc/Bunkers_I_200_DS.pdf

                 About Bunkers International Corp.

Based in Lake Mary, Florida, Bunkers International trades and
provides fuel for ships at sea.  It provides physical supply,
trading, and brokering services from a number of global locating
including those in the U.S., Singapore, Greece, and the United
Kingdom, and says it is the largest marine fuel supplier in
Colombia through its BunkersOil Colombia joint venture with
Vanoil, S.A.  The Company started in Colombia in 1995.

Related entities Atlantic Gulf Bunkering, LLC, and Dolphin Marine
Fuels, LLC provides marine fuel supply services in the Atlantic
Gulf Coast area from Mobile, Alabama, and for the ports of Long
Beach and Los Angeles, California, respectively.

Bunkers International and the two affiliates sought Chapter 11
bankruptcy protection (Bankr. M.D. Fla. Proposed Lead Case No.
15-07397) on Aug. 28, 2015.  The petitions were signed by John T.
Canal, the president/CEO.  

Bunkers estimated assets of $10 million to $50 million and
liabilities of at least $10 million.

The Debtors tapped R. Scott Shuker, Esq., and Mariane L. Dorris,
Esq., at Latham, Shuker, Eden & Beaudine, LLP, as attorneys.  The
Official Committee of Unsecured Creditors retained John Hutton,
Esq., at Greenberg Traurig, PA, as counsel.


BUNKERS INT'L: Jan. 28 Combined Hearing on Plan & Disclosures
-------------------------------------------------------------
Judge Cynthia C. Jackson on Dec. 23, 2015, entered an order
conditionally approving the Disclosure Statement explaining Bunkers
International Corp.'s Reorganization Plan.

The judge ordered that:

   * An evidentiary hearing will be held on Jan. 28, 2016, at 2:45
p.m. in Courtroom 6D, 6th Floor, George C. Young Courthouse, 400
West Washington Street, Orlando, FL 32801 to consider and rule on
the disclosure statement and any objections or modifications and,
if the Court determines that the disclosure statement contains
adequate information within the meaning of 11 U.S.C. Sec. 1125, to
conduct a confirmation hearing, including hearing objections to
confirmation, 11 U.S.C. Sec. 1129(b) motions, applications of
professionals for compensation, and applications for allowance of
administrative claims.

   * Creditors and other parties in interest must file with the
clerk their written acceptances or rejections of the plan (ballots)
no later than seven days before the date of the Confirmation
Hearing.

   * Any party desiring to object to the disclosure statement or to
confirmation must file its objection no later than seven days
before the date of the Confirmation Hearing.

   * In accordance with Local Bankruptcy Rule 3018−1, the debtor
will file a ballot tabulation no later than four days before the
date of the Confirmation Hearing.

   * All creditors and parties in interest that assert a claim
against the debtor which arose after the filing of this case,
including all attorneys, accountants, auctioneers, appraisers, and
other professionals for compensation from the estate of the debtor
pursuant to 11 U.S.C. Sec. 330, must timely file applications for
the allowance of such claims with the Court allowing at least 21
days notice time prior to the date of the Confirmation Hearing.

   * An election pursuant to 11 U.S.C. Sec. 1111(b) must be filed
no later than 7 days before the date of the Confirmation Hearing.

   * Four days prior to the confirmation hearing, the Debtor will
file a confirmation affidavit which will contain the factual basis
upon which the Debtor relies in establishing that each of the
requirements of 11 U.S.C. Sec. 1129 are met.

                 About Bunkers International Corp.

Based in Lake Mary, Florida, Bunkers International trades and
provides fuel for ships at sea.  It provides physical supply,
trading, and brokering services from a number of global locating
including those in the U.S., Singapore, Greece, and the United
Kingdom, and says it is the largest marine fuel supplier in
Colombia through its BunkersOil Colombia joint venture with
Vanoil, S.A.  The Company started in Colombia in 1995.

Related entities Atlantic Gulf Bunkering, LLC, and Dolphin Marine
Fuels, LLC provides marine fuel supply services in the Atlantic
Gulf Coast area from Mobile, Alabama, and for the ports of Long
Beach and Los Angeles, California, respectively.

Bunkers International and the two affiliates sought Chapter 11
bankruptcy protection (Bankr. M.D. Fla. Proposed Lead Case No.
15-07397) on Aug. 28, 2015.  The petitions were signed by John T.
Canal, the president/CEO.  

Bunkers estimated assets of $10 million to $50 million and
liabilities of at least $10 million.

The Debtors tapped R. Scott Shuker, Esq., and Mariane L. Dorris,
Esq., at Latham, Shuker, Eden & Beaudine, LLP, as attorneys.  The
Official Committee of Unsecured Creditors retained John Hutton,
Esq., at Greenberg Traurig, PA, as counsel.


COLT DEFENSE: Judge Denies Committee's Bid to Sue NPA Hartford
--------------------------------------------------------------
A federal judge denied the request of Colt Defense LLC's official
committee of unsecured creditors to sue NPA Hartford LLC and six
others on behalf of the company.

U.S. Bankruptcy Judge Laurie Selber Silverstein denied the motion
to grant the committee derivative standing to prosecute claims that
stemmed from Colt Defense's lease agreement with NPA Hartford.

Colt Defense leases facilities located in West Hartford,
Connecticut, from the company where it conducts most of its
business operations.

In its motion, the committee argued that a "conflict of interest"
prevents Colt Defense from asserting claims against the landlord
and other parties affiliated with it, including Sciens Capital
Management LLC.

According to the committee, Sciens holds an ownership interest in
NPA Hartford and may, directly or indirectly, still control the
landlord.

Meanwhile, affiliates of Sciens owned approximately 87% of the
equity interests in Colt Holding Company LLC while Daniel Standen
and Ioannis Rigas, through their positions at Sciens, controlled
those equity interests.  Both Standen and Rigas sit on the
governing board of Colt Defense, the committee said in the filing.

                       About Colt Defense

Colt Defense LLC is one of the world's oldest and most iconic
designers, developers, and manufacturers of firearms for military,
law enforcement, personal defense, and recreational purposes and
was founded over 175 years ago by Samuel Colt, who patented the
first commercial successful revolving cylinder firearm in 1836 and
began supplying U.S. and international military customers with
firearms in 1847.  Colt is incorporated in Delaware and
headquartered in West Hartford, Connecticut.

In 1992, Colt Manufacturing Company, then the principal operating
subsidiary, filed chapter 11 petitions (Bankr. D. Conn.).  An
investment by Zilkha & Co. allowed CMC to confirm a chapter 11 plan
and emerge from Bankruptcy in 1994.

Sometime after 1994, majority ownership of the Company Transitioned
from Zilkha & Co. to Sciens Capital Management.

Colt Holding Company LLC and nine affiliates, including Colt
Defense LLC, on June 14, 2015, filed voluntary petitions (Bankr. D.
Del. Lead Case No. 15-11296) for relief under Chapter 11 of the
Bankruptcy Code to pursue a sale of the assets as a going concern.

Colt Defense estimated $100 million to $500 million in assets and
debt.

On June 16, 2015, the Court directed the joined administration of
the assets.

The Debtors tapped Richards, Layton & Finger, P.A., and O'Melveny &
Myers LLP, as attorneys, and Kurtzman Carson Consultants LLC as
claims and noticing agent.  Perella Weinberg Partners L.P. is
acting as financial advisor of the Company, and Mackinac Partners
LLC is acting as its restructuring advisor.

Wilmington Savings Fund Society, FSB, as agent under the $13.3
million Term DIP Loan Agreement, is represented by Pryor Cashman
LLP's Eric M. Hellige, Esq.; and Willkie Farr & Gallagher LLP's
Leonard Klingbaum, Esq.  

Cortland Capital Market Services LLC, as agent under the $6.67
million Senior DIP Credit Agreement, is represented by Holland &
Knight LLP's Joshua M. Spencer, Esq.; Stroock & Stroock & Lavan
LLP's Brett Lawrence, Esq.; and Osler, Hoskin & Harcourt LLP's
Richard Borins, Esq., and Tracy Sandler, Esq.

The U.S. Trustee for Region 3 appointed five creditors of Colt
Defense Inc. and its affiliates to serve on the official committee
of unsecured creditors.  MagPul Industries Corp. has resigned from
the committee leaving only four Committee members.

Sciens Capital is represented by Skadden, Arps, Slate, Meagher &
Flom LLP's Anthony W. Clark, Esq., and Jason M. Liberi, Esq.



D&D ASSOC: Educ. Board Entitled to Attorney's Fees, Court Rules
---------------------------------------------------------------
The Board of Education of North Plainfield seeks attorneys' fees,
costs, and sanctions against D&D Associates, Inc. and D&D's
counsel. The Board requests a determination as to liability on this
motion, and would seek to quantify the relief in subsequent
proceedings.

Judge Mary L. Cooper of the United States District Court for the
District of New Jersey concludes that the Board is entitled to
attorney's fees and grants leave to move for determination of the
nature and amount of fees, costs, and/or sanctions pursuant to the
below-cited authorities:

   (1) attorneys' fees on Count Five accrued after March 26, 2007
to be paid by D&D itself;
   (2) attorneys' fees on Count Six accrued after April 14, 2006 to
be paid by D&D itself;
   (3) sanctions against counsel for D&D on Count Five for the
period after March 26, 2007;
   (4) sanctions against counsel for D&D on Count Six for the
period after April 14, 2006;
   (5) sanctions against D&D and its counsel on Count Seven, Count
Ten, Count Twelve, Count Thirteen, Count Fourteen, Count Fifteen,
and Count Sixteen;
   (6) attorneys' fees against counsel for D&D; and
   (7) sanctions against D&D under the inherent powers of the
Court.

The case is D&D ASSOCIATES, INC., Plaintiff, v. BOARD OF EDUCATION
OF NORTH PLAINFIELD, et al., Defendants. Civil Action No. 03-1026
(MLC)(D.N.J.).

A full-text copy of the Memorandum Opinion dated December 10, 2015
is available at http://is.gd/UVZEOSfrom Leagle.com

D&D ASSOCIATES, INC., a New Jersey Corporation, Plaintiff,
represented by J. Charles Sheak, Esq. --SHEAK & KORZUN, PC, Timothy
J Korzun, Esq. -- SHEAK & KORZUN, PC & Deborah I. Hollander, Esq.
-- SHEAK & KORZUN, P.C.

Board Of Education Of North Plainfield, The, Defendant, represented
by Jacqueline Greenberg Vogt,  Esq. -- vogtj@gtlaw.com -- GREENBERG
TRAURIG, LLP & Robert Carl Epstein, Esq. -- epsteinr@gtlaw.com
--GREENBERG TRAURIG LLP.

Robert C. EPSTEIN, Defendant, represented by Walter James
Greenhalgh, Esq. --   WJGreenhalgh@duanemorris.com -- DUANE MORRIS,
LLP, Alissa Lara Chang, Esq. -- achang@mdmc-law.com -- MCELROY
DEUTSCH MULVANEY & CARPENTER LLP, Joseph P. Lasala, Esq. --
jlasala@mdmc-law.com -- MCELROY, DEUTSCH, MULVANEY & CARPENTER,
LLP, William F. O'connor, Jr., Esq. -- woconnor@mdmc-law.com --
MCELROY, DEUTSCH MULVANEY & CARPENTER, LLP & Sanjay P. Ibrahim,
Esq. -- sanjay.ibrahim@piblaw.com -- PARKER IBRAHIM & BERG LLC.

Sheak & Korzun, P.C., Defendant, represented by Gerald H. Gline,
Esq. -- ggline@coleschotz.com -- COLE SCHOTZ P.C., Michael S.
Meisel, Esq. -- mmeisel01@gmail.com -- COLE, SCHOTZ, MEISEL, FORMAN
& LEONARD, PA & Wendy F. Klein, Esq. -- wklein@coleschotz.com --
COLE, SCHOTZ.

D&D filed for Chapter 11 bankruptcy in August 2003, and its
reorganization plan was approved in January 2005.


DAVID DE LANGIS: Cal. Ct. App. Affirms Dismissal of Hermanne Suit
-----------------------------------------------------------------
The Court of Appeals of California, Second District, Division Five,
affirmed the dismissal of the case captioned DAVID JON DE LANGIS,
Plaintiff and Appellant, v. HERMANNE, LLC, Defendant and
Respondent, No. B254781 (Cal. Ct. App.).

A complaint was filed against Hermanne, LLC, and CBI Technology
Group, Inc., arising out of a construction dispute.  Hermanne filed
a cross-complaint against CBI, Theodore Thomas Deckers, David Jon
de Langis, Surety Company of the Pacific, and American Contractors
Indemnity Company.  After several unsuccessful attempts by the
process server to serve de Langis, Hermanne applied to serve de
Langis by publication in January 2010.  The trial court granted the
application and Hermanne served de Langis by publication.

On March 23, 2010, Hermanne filed a request for entry of default
judgment against de Langis and de Langis's default was entered.  On
July 19, 2010, judgment by default was entered against de Langis in
the amount of $1,220,754.

In July 2012, Hermanne sought an order authorizing sale of a Via
Rincon property owned by de Langis.  On May 8, 2013, the Via Rincon
property was sold to Emma Sigal for $679,000.  On July 21, 2013,
Michael Sigal executed a quitclaim deed transferring his interest
in the property to Emma, and on the same day, Emma executed a grant
deed transferring the property to Alden Halpern as trustee of the
Alden J. Halpern Revocable Trust.

On August 6, 2013, de Langis filed a complaint against Hermanne,
the Sigals, and Halpern as trustee of the trust, to quiet title and
cancel instruments.  Hermanne filed a demurrer on the grounds that
the complaint failed to state a cause of action, the default
judgment was final and conclusive, there was another action
pending, and the claims had been decided by a court in another
county.  After a hearing on November 14, 2013, the trial court
sustained the demurrer without leave to amend.

On appeal, the appellate court concluded that the demurrer was
properly sustained on the ground of claim preclusion.  The court
held that de Langis's causes of action arose from the same facts
and injuries as his causes of action in a prior action against
Hermanne, which is now final.

A full-text copy of the Court of Appeals of California's December
15, 2015 opinion is available at http://is.gd/UEgiCzfrom
Leagle.com.

David Jon de Langis is represented by:

          Brian J. Jacobs, Esq.
          6464 Woodman Avenue, Suite 103
          Van Nuys, CA 91401
          Tel: (310) 770-6874

Hermanne, LLC is represented by:

          Edwin Paul, Esq.
          Margie L. Jesswein, Esq.
          LAW OFFICES OF EDWIN PAUL
          232 West Main Street Suite 105
          Tustin, CA 92780
          Tel: (714) 838-9211
          Fax: (714) 838-4383

David Jon De Langis, on January 8, 2013, filed a petition under
Chapter 11 of the United States Bankruptcy Code.  On March 7, 2013,
the bankruptcy court dismissed the Chapter 11 bankruptcy case.


DTM CORP: Suit Against Insurance Agency Dismissed
-------------------------------------------------
The question presented by this case is whether an insurance broker
may be deemed negligent when an insured's policy excludes coverage
that the insured never requested but later needed.

Plaintiff, Roger Schlossberg, Chapter 7 Trustee of DTM Corporation,
alleges that Defendants B.F. Saul Insurance Agency of MD, Inc., and
David Schwarz failed to secure adequate insurance coverage for
DTM's activities and failed to explain a change in coverage in a
renewal policy.

The Defendants move for summary judgment, arguing that they owed no
duty to provide DTM with a policy that covered alarm monitoring and
that the Plaintiff cannot prove that any breach of a duty caused
DTM any loss.

The Plaintiff argues, however, that the Defendants' duty arose when
DTM's Umbrella Policy was renewed in 2007 and the alarm exclusion
changed from one which did not specifically exclude alarm
monitoring to one that did.  The Plaintiff contends that even
though DTM never requested alarm coverage, it was allowed to assume
that the Umbrella Policy's alarm exclusion did not exclude coverage
for alarm monitoring because, prior to 2007, it in fact did not
exclude such coverage.

Judge George J. Hazel of the United States District Court for the
District of Maryland, Southern Division, granted the Defendants'
motion and dismissed with prejudice the Plaintiff's Complaint.

The case is ROGER SCHLOSSBERG, Plaintiff, v. B.F. SAUL INSURANCE
AGENCY OF MD., INC., et al., Defendants, Case No. GJH-13-3076 (D.
Md.).

A full-text copy of the Memorandum Opinion dated December 8, 2015
is available at http://is.gd/uGz5ECfrom Leagle.com

Roger Schlossberg, Plaintiff, represented by Roger Schlossberg,
Esq. -- Schlossberg and Associates, Alfred L Scanlan, Jr, Esq. --
ascanlan@jackscamp.com -- Jackson & Campbell, PC & Timothy P
Kilgore, Esq. -- tkilgore@jackscamp.com -- Jackson and Campbell
PC.

BF Saul Insurance Agency of MD, Inc., Defendant, represented by
John Tremain May, Esq. -- j.may@jocs-law.com -- Jordan Coyne LLP &
Raphael Joshua Cohen, Esq. -- r.cohen@jocs-law.com -- Jordan Coyne
LLP.

David Schwarz, Defendant, represented by John Tremain May, Jordan
Coyne LLP & Raphael Joshua Cohen, Jordan Coyne LLP.

Roger Schlossberg, Trustee, represented by Alfred L Scanlan, Jr,
Jackson & Campbell, PC & Timothy P Kilgore, Jackson and Campbell
PC.


FILMED ENTERTAINMENT: Universal Studios May Repossess Video Devices
-------------------------------------------------------------------
Judge Shelley C. Chapman signed a stipulated order granting
Universal Studios Home Entertainment LLC's motion for relief from
the automatic stay in the Chapter 11 case of Filmed Entertainment
Inc.  

Based upon the agreement of the Debtor and Universal Studios, the
judge ordered that:

   * Pursuant to 11 U.S.C. Sec. 362(d), the automatic stay is
lifted to the extent necessary to permit USHE to take immediate
possession of the Video Devices in accordance with the provisions
of the USHE Agreement governing the Video Devices and applicable
law;

   * The Video Devices will not be sold by the Debtor to any party,
including pursuant to the Debtor's proposed sale to Edge Line
Ventures LLC, and the Debtor's proposed Asset Purchase Agreement
for such sale shall be deemed amended to exclude the Video Devices
therefrom and to delete any requirement that a side letter be
executed by and between Edge Line Ventures and USHE thereunder;

   * (i) the Debtor will direct Totally Awesome Warehouse LLC, the
Debtor's affiliate who currently holds the Video Devices, to use
its best efforts to immediately segregate the Video Devices so that
they may be retrieved by USHE by Nov. 25, 2015; (ii) the Video
Devices may be segregated collectively, without the need to sort by
title/sku; and (iii) the Debtor will communicate the status of its
efforts to USHE in this regard by not later than Nov. 23, 2015;

   * In the interim between the entry of this Order and USHE's
repossession of the Video Devices, the Debtor will take reasonable
steps to preserve and protect the Video Devices against damage,
theft or other loss; and

   * The Debtor will provide three statements to USHE as follows to
account for all remaining Video Devices being returned to USHE: (i)
a statement reflecting which Video Devices have been sold from July
1, 2015 (the first day following the last period for which the
Debtor provided such a report), through Aug. 9, 2015, not later
than Dec. 11, 2015; (ii) a statement reflecting which Video Devices
have been sold from Aug. 10, 2015 (the Petition Date) through Sept.
30, 2015, not later than Dec. 11, 2015; and (iii) a statement
reflecting which Video Devices have been sold from Oct. 1, 2015,
through the date the Video Devices are returned to USHE, which
statement the Debtor will deliver to USHE by not later than Dec.
30, 2015.

                    About Filmed Entertainment

Filmed Entertainment Inc. owns and operates the "Columbia House DVD
Club," a direct-to-customer distributor of movies and television
series in the United States.  FEI conducts its business through
physical catalogues and through the --
http://www.columbiahouse.com/Web site.  FEI was historically
active in the musical compact disc business, but exited the music
business in 2010.  Founded in 1955 as a division of CBS Inc. to
sell vinyl records and cassette tapes, FEI is a unit of Pride Tree
Holdings, Inc., which acquired FEI in December 2012.

On Aug. 10, 2015 FEI filed a voluntary petition for relief under
Chapter 11 of the United States Bankruptcy Code (Bankr. S.D.N.Y.
Case No. 15-12244) in Manhattan, New York.  The case is pending
before the Honorable Shelley C. Chapman.

The Debtor tapped Griffin Hamersky P.C. as counsel and Prime Clerk
LLC as claims and noticing agent.

The Debtor estimated assets of $1 million to $10 million and debt
of $50 million to $100 million.

The U.S. Trustee for Region 2 appointed five creditors of Filmed
Entertainment to serve on the official committee of unsecured
creditors.

Attorneys for Universal Studios Home:

         Christopher A. Lynch, Esq.
         REED SMITH LLP
         599 Lexington Avenue
         New York, NY 10022
         Telephone: (212) 521-5400
         Facsimile: (212) 521-5450
         E-mail: clynch@reedsmith.com

                - and -

         Marsha A. Houston, Esq.
         Christopher O. Rivas, Esq.
         355 S. Grand Ave., Suite 2900
         Los Angeles, CA 90071
         Telephone: (213) 457-8000

Attorneys for the Debtor:

         Scott A. Griffin, Esq.
         Michael D. Hamersky, Esq.
         GRIFFIN HAMERSKY P.C.
         485 Madison Avenue, 7th Floor
         New York, NY 10022
         Tel: 212.710.0338
         Fax: 212.710.0339
         E-mail: mhamersky@grifflegal.com


FTE NETWORKS: Thanks Stockholders for Their Continued Support
-------------------------------------------------------------
FTE Networks, Inc., mailed a letter to its stockholders as part of
its communications efforts to keep its stakeholders informed about
the Company, its business, and its corporate developments.

The Letter reads as follows:

To our Shareholders, Customers, Partners and Employees:

As 2015 comes to a close, it has been a very eventful year for our
company.  We have completed all the necessary compliance
requirements and filings with the Securities & Exchange Commission,
as well as FINRA, to become a public reporting company.  Our stock
is now trading, and our management team has taken a number of
operational steps and actions to build a growing and profitable
company.  In addition to all the public work we completed, we have
built a unique management team with more experience in the industry
than many of our competitors.  This letter is the first of our
communications efforts to keep our stakeholders current on all the
exciting activities that are underway.

Our Business

Founded in 2007, FTE designs, builds and supports
telecommunications and technology systems and infrastructure
services for Fortune 500 companies.  FTE enables its clients to
connect to their customers by providing high performance
infrastructure deployment services that enable fast, reliable and
secure voice, data and digital content delivery.  Through these
services, FTE helps companies expand their market presence; improve
performance and agility, while controlling costs.  The company is
headquartered in Naples, Florida, with twelve offices and
approximately 286 employees throughout the United States and
Europe.

The company operates in four industry segments: Fiber Optics, Data
Center Infrastructure, Wireless Integration and Surveillance &
Security.  FTE's success in these telecommunications and technology
spaces is the result of experienced management and leadership,
relationships, project planning, project management disciplines,
training, speed to market, scalability, quality control and top
down commitment to customer satisfaction.

In addition to our ongoing contracts and projects, FTE has
established a solid relationship with a Fortune 500 company, which
is one of the largest providers of telecommunications services in
the U.S.  It has selected FTE Networks to provide engineering and
build capacities to expand throughput capacity in Colorado, New
York, Florida and Illinois.  Through this relationship, we are also
providing support to the end users.  In particular, Denver and
Chicago are two markets experiencing significant growth in demand
for throughput capacity that we can expertly install and
integrate.

Our work in Denver and Chicago is strategically important to FTE.
Not only does it showcase our capabilities on the national stage,
but it also deepens and broadens our relationship with a Fortune
500 local, national and global communications services provider. By
continuing to provide quality services in all of its data center
markets, FTE anticipates continued growth and the ability to lead,
as other large markets become challenged with the same capacity
constraints that we are solving in Denver and Chicago.

Traditional telecom carriers, cable companies and content delivery
providers are competing with each other to deploy new fiber optic
networks and also to switch their slower copper networks to high
speed fiber optic facilities driven by customer demand.  These
traditional companies, as well as some new industry players, are
investing billions of dollars in the fiber space.  This is a huge
opportunity for us, and we are currently working from coast to
coast on fiber to the home (FTTH) deployments for multiple
customers.

To meet the demands of our clients, we expanded our engineering
services by opening an office in Boise, Idaho.  Our engineering
teams have several multi-year deployments in New York, Idaho and
Florida with several telecommunications, IT and content delivery
companies.

Additionally, FTE has secured several multi-year contracts with a
telecommunications carrier in the Midwest that will allow us to
expand our footprint in this emergent location.  We believe that
these contracts, coupled with our expertise and ability to scale,
will open FTE to additional strategic opportunities.

Corporate Developments

An important development for us has been the approval we have
obtained from the Financial Industry Regulatory Authority (FINRA)
to commence trading in our common stock.  OTC Markets Group Inc.
has approved the trading of our common stock on the OTC Pink® Open
Market. The ticker symbol is FTNW.

On November 3, 2015, we closed a new $8 million debt facility with
Lateral Investment Management.  A portion of the proceeds was used
to extinguish our Senior Secured Promissory Notes, and the
remainder will be used to fund the hyper growth opportunities ahead
of us.

The $3.5 million Senior Secured Promissory Notes were extinguished
through a tender offer to purchase the notes at a discount.  We
received 100% participation in the offer, which has given us a more
solid capital structure as we are now relieved of the debt these
notes represented.

FTE will soon be providing our financial results for the fiscal
year ended September 30, 2015.  Shortly afterwards, we will
formally change our fiscal year end to December 31, in line with
most publicly-traded peers in our industry.

Coming in 2016, we will actively be looking to increase the
membership on our board of directors from two to five directors to
fortify our corporate governance.

Our Future

There is a tremendous amount of opportunity ahead for FTE.  As we
enter this new era, the connected era, there are several distinct
areas of services that we are focused on driving forward - all of
which make up our four lines of business.  Market analysis
validates our opinions:

  * Fiber Optics

      -- Spend for fiber deployments over the next 5-7 years will
         top $100 Billion.

  * Data Center Infrastructure

  -- Global data center traffic will nearly triple from 2015-
         2018 with a combined annual growth rate of 23%.

  * Wireless Integration

      -- LTE upgrades account for 37% of all service providers'
         CAPEX with an estimated spend of $7-$10 billion over the
         next 3 years.

  * Surveillance & Security

      -- The IoT (Internet of Things) market vertical expects
         proactive security from their service providers on all
         products offered and supported in the Marketplace.

We believe we are uniquely positioned to lead in these areas given
the extent of our services portfolio, our growing customer base and
our expertise.

FTE Networks has recently partnered with a major software solutions
services provider in a joint venture to bring internet
infrastructure to the Pacific Northwest.  This joint venture will
provide engineering and build services for both fiber optic and
data center infrastructure, bringing together a wealth of
telecommunications experience and intellect, that will provide a
solid, scalable and reliable foundation for these providers to
utilize as they continue with their day-to-day network operations.

We see an unprecedented amount of opportunity for both this year
and over the long term.  Although we still have a lot of hard work
ahead, our business is now building the momentum to connect the
enormous opportunity in the telecommunications and IT space into
solid operating results for years to come.  When I reflect on how
far we've come over the past two years and how much further we will
go, I couldn't be more excited and optimistic.

Going forward, we will continue to take the necessary steps, both
operationally and in terms of our corporate structure, to develop
FTE into a critical partner in the rapid network infrastructure
development across the U.S. and the world.  This is the first of
our ongoing communications with our shareholders.  We look forward
to updating you on a regular basis.

Finally, on behalf of the entire Company and the Board of
Directors, we thank all of our stockholders for their continued
support of FTE Networks, Inc.

Thank You,

Michael Palleschi

Chief Executive Officer

                     About FTE Networks, Inc.

FTE Networks, formerly known as Beacon Enterprise Solutions Group,
Inc., is a vertically integrated company with an international
footprint.  Since its inception, FTE Networks has steadily
advanced its management, operational and technical capabilities to
become a leading provider of services to the telecommunications
and wireless sector with a focus on turnkey solutions.  FTE
Networks provides a comprehensive array of services centered on
quality, efficiency and customer service.

As of June 30, 2015, the Company had $4.10 million in total assets,
$13.64 million in total liabilities and a $9.53 million total
stockholders' deficiency.

                        Bankruptcy Warning

"[W]e have not achieved a sufficient level of revenues to support
our business and development activities and have suffered
substantial recurring losses from operations since our inception,
which conditions raise substantial doubt that we will be able to
continue operations as a going concern.

"Management's plans are to continue to raise additional funds
through the sales of debt or equity securities.  Currently in
process, management's plans are to increase liquidity and enhance
capital resources by attempting to complete negotiations for a $6
million asset-based line of credit which is in the final phases of
the approval process and completion of refinancing $3.5 million of
senior secured notes which will generate an approximate $1.45
million of availability to be used for expansion of the business.
However, there is no assurance that additional financing, including
the aforementioned transactions, will be available when needed or
that management will be able to obtain and close financing on terms
acceptable to the Company and whether the Company will become
profitable and generate positive operating cash flow.  If the
Company is unable to raise sufficient additional funds, it will
have to develop and implement a plan to further extend payables and
reduce overhead until sufficient additional capital is raised to
support further operations, which would have a material adverse
effect on the Company's business, financial condition and results
of operations, and ultimately we could be forced to discontinue our
operations, liquidate and/or seek reorganization under the U.S.
bankruptcy code," the Company stated in its quarterly report for
the period ended June 30, 2015.


GARLOCK SEALING: Asbestos Committee Member Substitution Okayed
--------------------------------------------------------------
Judge Craig Whitley on Dec. 18, 2015, granted a motion by the
Official Committee of Asbestos Personal Injury Claimants in the
Chapter 11 cases of Garlock Sealing Technologies LLC, et al., to
substitute a committee member.  The motion was uncontested.  At the
behest of the Committee, Sheri Hoover, c/o John A. Baden IV, Motley
Rice LLC, 28 Bridgeside Blvd., Mt. Pleasant, SC 29464, is appointed
to succeed the late Ruth Sossaman as a member of the Official
Committee of Asbestos Personal Injury Claimants.

                       About Garlock Sealing

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

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

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

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

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

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

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

In January 2015, the Debtors filed their Second Amended Plan of
Reorganization, which is backed by the Future Asbestos Claimants'
Representative (FCR).  The confirmation hearing is slated to begin
June 20, 2016.

Under the schedule for confirmation proceedings ordered by the
Court, objections to confirmation of the Plan that do not depend
on
the results of voting were due Oct. 6, 2015, and confirmation
objections that depend on such results are due on Dec. 18, 2015.



GENERAL STEEL: Incurs $94.5 Million Net Loss in Third Quarter
-------------------------------------------------------------
General Steel Holdings, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $94.49 million for the three months ended Sept. 30,
2015, compared to a net loss of $5.16 million for the same period
in 2014.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of $1.20 billion compared to a net loss of $91.30 million
for the same period during the prior year.

As of Sept. 30, 2015, the Company had $1.12 billion in total
assets, $2.82 billion in total liabilities and a $1.69 billion
total deficiency.

As of Sept. 30, 2015, the Company had cash and restricted cash
aggregating $12.6 million, of which $12.5 million was restricted.

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

                      http://is.gd/DWe4k0

                 About General Steel Holdings

General Steel Holdings, Inc., headquartered in Beijing, China,
produces a variety of steel products including rebar, high-speed
wire and spiral-weld pipe.  General Steel --
http://www.gshi-steel.com/-- has operations in China's Shaanxi and
Guangdong provinces, Inner Mongolia Autonomous Region and Tianjin
municipality with seven million metric tons of crude steel
production capacity under management.

General Steel reported a net loss of $78.3 million on $1.9 billion
of sales for the year ended Dec. 31, 2014, compared with a net loss
of $42.6 million on $2 billion of sales for the year ended Dec. 31,
2013.

Friedman LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2014, citing that the Company has an accumulated deficit,
has incurred a gross loss from operations, and has a working
capital deficiency at Dec. 31, 2014.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


GREENPRO CAPITAL: Deficit, Net Loss Raise Going Concern Doubt
-------------------------------------------------------------
Greenpro Capital Corp. posted net loss of $181,609 and $81,363 for
the five and nine months ended September 30, 2015, as compared to
the net income of $21,985 and $229 for the five and nine months
ended September 30, 2014.  The net loss is due to the commencement
and development of the business and the cost of business expense
such as office rental and staff employment, Lee Chong Kuang, chief
executive officer, president and director, and Loke Che Chan
Gilbert, chief financial officer, secretary, treasurer, and
director of the company said in a regulatory filing with the U.S.
Securities and Exchange Commission on November 13, 2015.

Messrs. Lee and Loke related, "As of September 30, 2015, the
company has an accumulated deficit of $467,712 and incurred a net
operating loss of $81,363 for the nine months ended September 30,
2015.  The continuation of the company as a going concern through
December 31, 2015 is dependent upon improving the profitability and
the continuing financial support from its stockholders.  
Management believes the existing shareholders or external financing
will provide the additional cash to meet the company's obligations
as they become due.

"These and other factors raise substantial doubt about the
company's ability to continue as a going concern."

At September 30, 2015, the company had total assets of $8,056,292,
total liabilities of $3,773,857, and total stockholders' equity of
$4,282,435.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/jtb58o5

Greenpro Capital Corp. formerly known as Greenpro, Inc. (GRNQ)
operates and provides a range of business solution services from
cloud system resolution, financial consulting service and corporate
accounting services to small and mid-size businesses located in
Asia, with an initial focus in Hong Kong, China and Malaysia.  The
company is headquartered in Wanchai, Hong Kong.


GREENSHIFT CORP: Long Side Has 9.9% Stake as of Dec. 2
------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Long Side Ventures LLC disclosed that as of
Dec. 2, 2015, it beneficially owns 5,645,102 shares of common stock
of Greenshift Corp., representing 9.99 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/Hv3Ffd

                    About Greenshift Corporation

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

Greenshift reported net income of $1.97 million on $12.8 million of
total revenue for the year ended Dec. 31, 2014, compared with a net
loss of $4.43 million on $15.5 million of total revenue for the
year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $5.37 million in total assets,
$43.8 million in total liabilities and a total stockholders'
deficit of $38.4 million.


GRIDWAY ENERGY: Affiliate Announces Third Asset Transfer Closing
----------------------------------------------------------------
Glacial Energy Holdings disclosed that a third partial asset
transfer closing in connection with the sale of substantially all
of the assets of the company and its affiliates occurred on Dec.
10.

In a filing with the U.S. Bankruptcy Court in Delaware, the
holdings company disclosed that the third partial asset transfer
closing involved assets of its affiliate, Glacial Energy of
California Inc.

Glacial Energy transferred some of its assets to Agera Energy LLC
in accordance with the court's order dated June 17, 2014, which
authorized the sale of the companies' key assets to Platinum
Partners Value Arbitrage Fund LP.

                       About Gridway Energy

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

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

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

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

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

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

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

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



HEALTH DIAGNOSTIC: Creditors Conducting Probe, Lawsuits Possible
----------------------------------------------------------------
John Reid Blackwell at Richmond Times-Dispatch reports that Health
Diagnostic Laboratory, Inc., is now essentially a shell company and
that its Chapter 11 bankruptcy case is proceeding, as its creditors
are conducting a probe that could result in lawsuits being brought
against directors and officers of the company, including co-founder
and former chief executive officer Tonya Mallory.

According to Times-Dispatch, True Health Diagnostics LLC, having
acquired most of HDL's assets, is now operating part of the former
HDL laboratory and office in downtown Richmond.

Times-Dispatch relates that Ms. Mallory continues to fight a U.S.
Department of Justice lawsuit brought against her and several other
people who managed HDL's former contract sales force.  The legal
battle and one other lawsuit will likely extend into 2016, the
report states.

                      About Health Diagnostic

Health Diagnostic Laboratory, Inc., Central Medical Laboratory,
LLC, and Integrated Health Leaders, LLC, are health care businesses
based in Richmond, Virginia.  HDL is a blood testing company.

Health Diagnostic Laboratory, Inc. (Bankr. E.D. Va. Case No.
15-32919) and affiliates Central Medical Laboratory, LLC (Bankr.
E.D. Va. Case No. 15-32920) and Integrated Health Leaders, LLC
(Bankr. E.D. Va. Case No. 15-32921) filed separate Chapter 11
bankruptcy petitions on June 7, 2015.  The petitions were signed by
Martin McGahan, chief restructuring officer.  The Company disclosed
$96,130,468 in assets and $108,328,110 in liabiities as of the
Chapter 11 filing.

Justin F. Paget, Esq., Tyler P. Brown, Esq., Jason W. Harbour,
Esq., and Henry P. (Toby) Long, III, Esq. At Hunton & Williams LLP
serve as the Debtors' bankruptcy counsel.  Alvarez & Marsal is the
Debtors' financial advisor.  Robert S. Westermann, Esq., at
Hirshler Fleisher, P.C., serve as the Debtors' conflicts counsel.
American Legal Claims Services, LLC, is the Debtors' claims,
noticing and balloting agent.

Ettin Group, LLC, will market and sell the miscellaneous equipment
and other assets.  MTS Health Partners, L.P., serves as investment
banker.

The Official Committee of Unsecured Creditors retained Cooley LLP
as its counsel, Protiviti Inc. as its financial advisor.


HEALTHWAREHOUSE.COM INC: Losses, et al., Cast Going Concern Doubt
-----------------------------------------------------------------
HealthWarehouse.com, Inc. posted a net loss of $162,604 for the
three months ended September 30, 2015, compared to a net loss of
$530,257 during the same period in 2014.

Since inception, the company has financed its operations primarily
through debt and equity financings and advances from related
parties.  As of September 30, 2015, the company had a working
capital deficiency of $4,251,296 and an accumulated deficit of
$30,895,820.  During the nine months ended September 30, 2015 and
the year ended December 31, 2014, the company incurred net losses
of $443,073 and $1,783,279, respectively, and used cash in
operating activities of $407,825 and $875,769, respectively.

"These conditions raise substantial doubt about the company's
ability to continue as a going concern," according to Lalit
Dhadphale, president and chief executive officer of the company, in
a regulatory filing with the U.S. Securities and Exchange
Commission on November 12, 2015.

According to Mr. Dhadphale, on August 27, 2015, a vendor of the
company was granted an order of garnishment against the company's
funds held in a bank account in the amount of $83,766 for an unpaid
debt, accordingly, such amount has been classified as restricted
cash as of September 30, 2015.  On September 16, 2015, the
company's senior lender filed a motion with the court to intercede
in the garnishment action on the grounds that it has a superior
lien on the funds which was granted at a hearing on October 6,
2015.  In addition, as a result of the garnishment action, the
senior lender notified the company that an event of default has
occurred on its senior note and the loan is in default and
immediately payable.  As of the date of this filing, the senior
lender has not imposed the default rate of interest but has the
right to at any time while the note is in default.  "The company is
working with the senior lender to cure the default."  

Subsequent to September 30, 2015, the company raised an aggregate
of $250,000 in debt financing and continues to incur net losses,
use cash in operating activities and experience cash and working
capital constraints.

On February 13, 2013, the company received a Notice of Redemption
related to its Series C Redeemable Preferred Stock aggregating
$1,000,000.  As a result of receiving the Notice of Redemption, the
company must now apply all of its assets to redemption of the
Series C Preferred Stock and to no other corporate purpose, except
to the extent prohibited by Delaware law governing distributions to
stockholders (the Company is not permitted to utilize toward the
redemption those assets required to pay its debts as they come due
and those assets required to continue as a going concern).

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

At September 30, 2015, the company had total assets of $1,069,239,
total liabilities of $4,781,201, and total stockholders' deficiency
of $3,711,962.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/zehmehv

HealthWarehouse.com, Inc. (HEWA) is a VIPPS accredited pharmacy
based in Florence, Kentucky.  The company is licensed to sell
prescriptions in all 50 states and the District of Columbia.  



LEARNING GATE: S&P Lowers Rating on 2007A and 2007B Bonds to 'BB-'
------------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term rating to
'BB-' from 'BB' on Florida Development Finance Corp.'s series 2007A
and 2007B revenue bonds issued for Learning Gate Community School
(LGCS).  The outlook is stable.

"The lower rating reflects our view of LGCS' sharp and unexpected
deterioration in unrestricted reserves in fiscal 2015, from an
already limited cash position," said Standard & Poor's credit
analyst Avani Parikh.

While the decline to single-digit days' cash offers very little
financial flexibility and is more consistent with a rating in the
'B' category, this weakness is offset, in S&P's opinion, by LGCS'
consistent enterprise profile and steady maximum annual debt
service (MADS) coverage.  In S&P's view, LGCS' history of strong
test scores and academic performance as an 'A' ranked school in the
state, good MADS coverage, recent signs of enrollment
stabilization, and a steady charter framework, provide a degree of
flexibility to offset the limited balance sheet metrics at the
current rating level and support the stable outlook at this time.

LGCS is in Lutz in Hillsborough County.



LOCAL CORP: Approved to Sell Substantially All Assets
-----------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
authorized the sale of substantially all of the assets of Local
Corp., and approved the procedures governing the auction and
bidding of the assets.

As reported by the Troubled Company Reporter on Nov. 9, 2015, the
Debtor's primary business, identified as Owned & Operated, provides
search results to consumers who are searching online for local
businesses, products and services.  The Debtor also operate
businesses other than O&O.  They include Krillion, which is a
shopping data platform, and nQuery, a mobile search and browser
solution that operates "white label" solutions for carriers across
the U.S. and in 18 countries across Latin America and Asia.  In
addition, the Debtor owns a portfolio of 14 patents unrelated to
the O&O business.

The Debtor related that it has received several offers for the
purchase of its core or primary business, as well as other assets
of the Debtor.  After evaluating the various offers, the Debtor,
after consulting with its advisors and the official committee of
unsecured creditors, has selected Media.Net Advertising FZ-LLC as
its stalking horse bidder to purchase the O&O Assets for
$3.0 million.

The Debtors propose to provide Media.Net a break-up fee in an
amount of 3.5% of the Stalking Horse Bid payable from the sale
proceeds generated from the sale of the O&O Assets to the
Successful Bidder if the Successful Bidder for the O&O Assets is
not Media.Net.  The Debtors also propose to reimburse Media.Net for
up to $150,000 of out-of-pocket fees and expenses.

                       About Local Corporation

Local Corporation, a publicly traded Delaware corporation (NASDAQ
symbol LOCM), is in the business of providing search results to
consumers who are searching online for local businesses, products
and services.  Founded in 1999, the Irvine, California-based
company went public in 2004 and has been one of the fastest growing
online local media businesses for a number of years, and for the
past four years it has been listed by Deloitte on its Technology
Fast 500.  The Company's search results are provided through the
Company's flagship Local.com Web site and through other proprietary
Web sites, and they are also delivered to a network of over 1,600
other Web sites that rely on search syndication services to provide
local search results to their own users.  The Company generates
revenue from ad units placed alongside its search results, which
include pay-per-click, pay-per-call, and display ad units.

The Company reported a net loss of $5.50 million on $83.1 million
of revenue for the year ended Dec. 31, 2014, compared with a net
loss of $10.4 million on $94.4 million of revenue in the prior
year.  The Company's balance sheet at March 31, 2015, showed $36.8
million in total assets, $25.7 million in total liabilities, and
stockholders' equity of $11.2 million.

Local Corp. filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Cal. Case No. 15-13153) in Santa Ana, California, on June 23,
2015.

The Debtor disclosed $16,141,222 in assets and $29,519,418 in
liabilities as of the Chapter 11 filing.

The case is assigned to Judge Scott C. Clarkson.  The Debtor tapped
Winthrop Couchot as counsel.

Robins Kaplan LLP represents as counsel to the Official Committee
of Unsecured Creditors.


LONESTAR GEOPHYSICAL: Confirmation Hearing Moved to Feb. 23
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Oklahoma
rescheduled to Feb. 23, 2016, at 9:30 a.m., the hearing to consider
the Amended Chapter 11 Plan filed by Lonestar Geophysical Surveys,
LLC.

Objections, if any, to confirmation of the Plan are due Jan. 8.

The Court also ordered that parties will be permitted to supplement
any objections by Feb. 12, 2016, to add any additional legal
grounds deemed warranted by facts discovered after Jan. 8.  The
time to serve acceptances or rejections of the Plan is also
extended to Jan. 8.

As reported by the Troubled Company Reporter on Nov. 27, 2015, U.S.
Bankruptcy Judge Sarah A. Hall entered an order approving the
disclosure statement, as amended Nov. 10, 2015, explaining LoneStar
Geophysical Surveys, LLC's proposed Chapter 11 Plan.  The judge
ordered that:

   -- Dec. 15, 2015 is fixed as the last day for filing
      written acceptances or rejections of the Plan.

   -- Dec. 15, 2015 is fixed as the last day for filing and
      serving pursuant to Fed. R. Bankr. P. 3020(b)(1) written
      objections to confirmation of the Plan.

   -- Dec. 22, 2015 at 9:30 a.m. is fixed for the hearing on
      confirmation of the plan.  The hearing will be held in the
      courtroom of the Honorable Sarah A. Hall, United States
      Bankruptcy Judge, 215 Dean A. McGee, 9th Floor, Oklahoma
      City, Oklahoma.

                      The Reorganization Plan

As reported by the Oct. 7, 2015 edition of the TCR, LoneStar
Geophysical Surveys' reorganization plan proposes to pay all claims
in full with interest through monthly payments to creditors until
the claims are paid in full in at least one year.

According to the Disclosure Statement, the secured claim of
Frontier State Bank will be paid in full with interest at the
Market Rate in 120 equal monthly installments.  The claimant will
retain its security interests.

Unsecured non-insider claims will be paid in full with interest at
the Market Rate in 180 equal monthly installments.  Unsecured
insider claims will be paid in full with interest at the Market
Rate in 180 equal monthly installments commencing on or before the
last day of the first month following the month in which the
Effective Date occurs.

Equity interests will be cancelled.  All member interests in the
reorganized Debtor will then be owned by Heath Harris.  Under the
Plan, the current board of managers would be eliminated and Heath
Harris, the founder and president, would act as manager.

The Debtor filed a Disclosure Statement on Sept. 29, 2015, and then
filed an Amended Disclosure Statement on Nov. 10, 2015.

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

       http://bankrupt.com/misc/LoneStar_G_139_Am_DS.pdf

According to the Amended Disclosure Statement, LoneStar believes
its primary asset, the equipment, and its personal property are
currently worth $13,556,712.  LoneStar believes that if its
equipment is marketed for an adequate time, and the property
continues to be properly operated in the meantime, LoneStar's
assets would generate at least $14,400,000, which would allow full
payment to all secured and unsecured creditors.   The original
iteration of the Disclosure Statement projected that the sale of
the assets would generate at least $13,900,000.

                    About LoneStar Geophysical

LoneStar Geophysical Surveys, LLC, is in the business of acquiring
seismic data for the oil and gas industry.  It owns a fleet of 13
state-of-the-art vibes (vibrators that generate seismic waves) and
a commensurately large inventory of wireless nodes (that receive
those seismic waves and transmit the resulting information for
processing and interpretation).  LoneStar was formed as an Oklahoma
limited liability company on August 4, 2009, by Heath Harris who
continues to serve as its manager.

LoneStar Geophysical sought Chapter 11 bankruptcy protection
(Bankr. W.D. Okla. Case No. 15-11872) on May 18, 2015.  The Debtor
disclosed total assets of $21,643,793 and total liabilities of
$12,311,768 in its amended schedules.

Judge Hon. Sarah A. Hall presides over the case.  The Debtor tapped
Ross A. Plourde, Esq., at McAfee & Taft, as counsel.

                          *      *     *

LoneStar sought and obtained an order authorizing its use of cash
collateral claimed by Frontier State Bank through December 2015.


MAGELLAN PETROLEUM: Posts Net Loss, Discloses Going Concern Doubt
-----------------------------------------------------------------
Magellan Petroleum Corporation incurred a net loss of $3,063,000
for the three months ended Sept. 30, 2015, compared with a net loss
of $2,627,000 for the three months ended Sept. 30, 2014.

"The company has incurred losses from operations for the three
months ended September 30, 2015, of $2.8 million.  In addition,
during the three months ended September 30, 2015 working capital
has decreased from $3.9 million at June 30, 2015, to negative
$332,000 at September 30, 2015, and the company's cash balance has
decreased to $658,000 as of September 30, 2015," John Thomas
Wilson, president and chief executive officer, and Antoine J.
Lafargue, senior vice president, chief financial officer, treasurer
and corporate secretary of the company said in a regulatory filing
with the U.S. Securities and Exchange Commission on November 13,
2015.

"The company continues to experience liquidity constraints and has
begun selling certain of its non-core assets to fund its
operations.  However, proceeds from these asset sales may not
provide sufficient liquidity to fund operations for the next twelve
months.  

"These factors raise substantial doubt about the company's ability
to continue as a going concern."

Messrs. Wilson and Lafargue further noted: "As part of the
company's current strategic alternatives review process, the
company is currently looking for potential merger candidates that
may offer improved liquidity and the ability to raise additional
capital.  The company is focused on maintaining production while
efficiently reducing its operating and general and administrative
costs.

"On June 5, 2015, the company formed the Special Committee to
identify, consider, negotiate, and potentially implement all
strategic alternatives reasonably available to the company,
including, but not limited to, sales of some or all of the assets
of the company, joint ventures, a recapitalization, and a sale or
merger of the company.  There can be no assurance that any
transaction will occur.  Considering the current liquidity position
of the company, there is a risk that the company will not be able
to finance its activities until such time that a transaction, if
any, can be completed or that the Special Committee's efforts do
not result in a transaction or series of transactions that allow
the company to continue as a going concern.

"Since June 30, 2015, and through November 6, 2015, the company has
sold 12.9 million shares of Central Petroleum Limited (ASX:CTP) in
the open market and generated approximately A$1.5 million (U$1.1
million) of proceeds.  As of November 6, 2015, the Company
continues to own approximately 26.6 million shares of Central,
which at the closing per share market price on November 6, 2015, of
A$0.240 and the foreign exchange rate of 0.71, represented
approximately $4.6 million of potential liquidity.

"Depending upon West Texas Intermediate (WTI) prices and the impact
of ongoing cost saving initiatives, we expect that the net cash
burn rate at Poplar (Montana, USA) could range from positive
inflows to outflows of $50,000 per month.  The company projects
that it will incur net cash uses per month ranging between $500,000
and $700,000, which is comprised of the following broad components:
(i) net cash burn of approximately $0 to $50,000 at Poplar; (ii) no
additional expenses in relation to running the CO2-EOR pilot; (iii)
general and administrative expenses of $450,000 to $550,000; and
(iv) approximately $50,000 to $100,000 in other expenses.  The
company is currently working on certain additional measures which
could result in further reductions to monthly cash expenditures.  

"We believe that, based on the current estimated net cash burn rate
of the company, the sale of shares of Central should be sufficient
to finance the company's activities for the following six months
while the Special Committee continues to advance the strategic
alternative review process, and that the company has the following
additional potential means to finance its activities during this
period: obtaining a potential bridge loan or a loan from One Stone,
a farmout of NT/P82, a farmout of the rights to explore certain
deep formations at Poplar, a farmout or sale of the company's
interests in Horse Hill, UK, and a monetization of the Mereenie and
Palm Valley bonus rights in Australia."

At September 30, 2015, the company had total assets of $44,080,000
and total equity of $3,337,000.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/gp45h8q

Denver-based Magellan Petroleum Corporation is focused on the
development of CO2-enhanced oil recovery projects in the Rocky
Mountain region.  The company also owns significant exploration
acreage in the Weald Basin, onshore UK and an exploration block,
NT/P82, in the Bonaparte Basin, offshore Northern Territory,
Australia.


NCP FINANCE: S&P Retains 'B-' ICR & Revises Outlook to Negative
---------------------------------------------------------------
Standard & Poor's Ratings Services said it corrected by revising
its outlook on the ratings on NCP Finance Ohio LLC to negative from
stable.  The issuer credit rating remains 'B-'.

The rating error occurred on May 27, 2015, when S&P revised the
outlook on NCP Finance L.P. to negative from stable and should have
revised the rating outlook on NCP Finance Ohio accordingly.

The negative outlooks on NCP Finance and NCP Finance Ohio reflect
the potential that S&P could lower the long-term issuer credit
ratings if regulatory, operational, or funding challenges begin to
hamper sufficient cash flow generation and liquidity levels to
support the current rating.

RATINGS SCORE SNAPSHOT

Issuer Credit Rating: B-/Negative/--

Business Risk: Vulnerable
   -- Country Risk: Very Low
   -- Industry Risk: Moderately High
   -- Competitive Position: Vulnerable

Financial Risk: Highly Leveraged

Anchor: b-

Modifiers:
   -- Diversification/Portfolio Effect: Neutral (no impact)
   -- Capital Structure: Neutral (no impact)
   -- Financial Policy: Neutral (no impact)
   -- Liquidity: Less than adequate (no impact)
   -- Management and Governance: Fair (no impact)
   -- Comparable Ratings Analysis: Neutral (no impact)

RATINGS LIST

Outlook Revised
                            To                From
NCP Finance Ohio LLC
Issuer Credit Rating       B-/Negative/--    B-/Stable/--



NET DATA: DuPont Fabros Named as Creditors' Committee Member
------------------------------------------------------------
The U.S. Trustee overseeing the Chapter 11 case of Net Data Centers
Inc., amended the members of the official committee of unsecured
creditors to reflect the addition of:

         DuPont Fabros Technology, L.P.
         Attn: Rick Monfort
         1212 New York Ave., NW, Suite 900
         Washington, D.C. 20005

As reported by the Troubled Company Reporter on April 28, 2015, the
U.S. appointed three creditors of the company to serve on the
committee:

     (1) Stratacore Inc.
     (2) NSCUBE LLC
     (3) Charter Holdings Inc.

                      About Net Data Centers

Net Data Centers, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. C.D. Cal. Case No. 15-12690) on Feb. 23, 2015.  Pervez
P. Delawalla, the president & CEO, signed the petition.  The
Hon. Sheri Bluebond is assigned to the case.  William F Govier,
Esq., at Lesnick Prince & Pappas LLP, serves as counsel to the
Debtor.

The Debtor disclosed, in its amended schedules, $9,566,908 in
assets and $13,352,373 in liabilities.  In its original schedules,
the Debtor disclosed $9,110,070 in assets and $5,236,687 in
liabilities.  

The U.S. trustee appointed three creditors to serve on the Official
Committee of Unsecured Creditors.  The Committee is represented by
Buchalter Nemer, APC.


NEWLEAD HOLDINGS: Perian Salviola Beneficially Owns 460M Shares
---------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Perian Salviola disclosed that as of Dec. 28, 2015, she
beneficially owns 460,064,129 shares of common stock of Newlead
Holdings, Ltd., representing 9.9 percent of the shares outstanding.
The Reporting Person is a member and the sole manager of Pallas
Holdings, LLC.

The shares owned by the Reporting Person were issued in connection
with the sale to a subsidiary of NewLead by Pallas Highwall Mining
LLC of Viking Prep Plant, LLC.

In the Viking Prep Plant transaction, as part of the consideration,
the Issuer issued a convertible note in the original principal
amount of $24,000,000.  In December 2015, the Company issued the
Reporting Person 460,064,129 shares toward payment of that note.
During December 2015, the Reporting Person sold 246,779,211 shares
previously held.  The Company has the option to pay the principal
and interest in cash or shares of common stock.  The acquisition
agreement also includes a true-up of the proceeds from those
shares, but the amount cannot be calculated until such time as all
shares issued as consideration of the purchase price have been
sold.

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

                       http://is.gd/lVdoyM

                    About NewLead Holdings Ltd.

Based in Athina, Greece, NewLead Holdings Ltd. --
http://www.newleadholdings.com/-- is an international, vertically
integrated shipping company that owns and manages product tankers
and dry bulk vessels.  NewLead currently controls 22 vessels,
including six double-hull product tankers and 16 dry bulk vessels
of which two are newbuildings.  NewLead's common shares are traded
under the symbol "NEWL" on the NASDAQ Global Select Market.

Newlead reported a net loss attributable to the Company's
shareholders of $100 million on $12.6 million of revenues for the
year ended Dec. 31, 2014, compared to a net loss attributable to
the Company's shareholders of $158 million on $7.34 million of
revenues for the year ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $190 million in total assets,
$300 million in total liabilities, and a $110 million total
shareholders' deficit.

Cherry Bekaert LLP, in Charlotte, North Carolina, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2014, citing that the Company has
incurred a net loss, has negative cash flows from operations,
negative working capital, an accumulated deficit and has defaulted
under its credit facility agreements resulting in all of its debt
being reclassified to current liabilities all of which raise
substantial doubt about its ability to continue as a going concern.


OAKFABCO INC: Status Hearing on Plan Continued to May 2016
----------------------------------------------------------
According to Oakfabco, Inc.'s case docket, the status hearing on
the Debtor's Plan and Disclosure Statement has been continued to
May 27, 2016, at 11:00 a.m. at 219 South Dearborn, Courtroom 682,
Chicago, Illinois 60604.

                      About Oakfabco, Inc.

Oakfabco, Inc, formerly known as Kewanee Boiler Corporation, has
not manufactured boilers since 1988 when it sold its Kewanee
boiler
business in an 11 U.S.C. Section 363 sale to Coppus Engineering
Corporation.  In early 2009, it sold all of its remaining assets.
The Debtor has no employees, and, Frederick W. Stein is the
Debtor's sole officer and director.  The Debtor's sole remaining
asset is its insurance, and it has no known liabilities other than
asbestos claims.

In January 1970, Kewanee Boiler Corp, then a newly-formed Illinois
Corporation, acquired the assets and debt of American Standard,
Inc.'s commercial boiler manufacturing division known as "Kewanee
Boiler."  The boilers manufactured and sold by Kewanee Boiler were
insulated with asbestos.

Oakfabco sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
16-27062) on Aug. 7, 2015, to resolve its remaining asbestos
claims.  Reed Smith LLP serves as counsel to the Debtor.

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

The U.S. Trustee for Region 11, appointed four members to the
Asbestos Claimants' Committee in the Chapter 11 bankruptcy case of
Oakfabco Inc.


OCWEN FINANCIAL: S&P Revises Outlook to Stable & Affirms 'B' ICR
----------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its rating
outlook on Ocwen Financial Corp. to stable from negative.  S&P
affirmed its 'B' issuer credit rating on Ocwen.  At the same time,
S&P raised the ratings on the senior secured term loan to 'BB-'
from 'B+' and the senior unsecured bond rating to 'B' from 'CCC+'.
S&P revised the recovery rating on the senior secured debt to
'1'--indicating its expectation for "very high" recovery (90%-100%)
in the event of a payment default--from '2L'.  S&P also revised its
recovery rating on the senior unsecured debt to '3H'--indicating
its expectation for "meaningful" recovery (50%-70%, upper half of
the range)--from '6'.

"The outlook revision reflects our view that Ocwen has made
progress during the last several years to address many of the
concerns and violations identified by various regulatory bodies,
including the New York Department of Financial Services, the
California Department of Business Oversight, and the Consumer
Financial Protection Bureau," said Standard & Poor's credit analyst
Richard Zell.  In particular, during the past two years, Ocwen has
reached settlements with the CFPB (along with various state
attorneys general and various state agencies), the NYDFS, and the
CA DBO.  In addition, Ocwen has reached an agreement in principle
with the SEC regarding various matters, including its 2007 equity
incentive plan, related-party dealings, and the 2013 annual report
and first 2014 quarterly report amendments.  As of late, much of
the regulatory news coming from Ocwen has been positive
developments involving settlements, a contrast with the stream of
negative announcements during 2011-2014.

As a result of the investigations and the subsequent settlements,
Ocwen has had to make material adjustments to several aspects of
the business.  Most prominently, the company is disallowed from
making bulk mortgage-servicing right (MSR) portfolio purchases
until the NYDFS is satisfied with the firm's operational
improvements and other agreed upon requirements are met, the timing
of which is uncertain.  This prohibition results in a consequential
change to the Ocwen business model.  Before 2015, Ocwen had been in
a hypergrowth mode, purchasing large portfolios of MSRs from banks
that either no longer wanted to hold the proposed higher levels of
capital against the volatile asset or did not want to be burdened
with the compliance risk.  In a dramatic turnabout, during 2015
Ocwen began unloading large portfolios of government-sponsored
enterprise MSRs.  Total unpaid principal balance sold during 2015
was approximately $90 billion. Ocwen used a portion of the proceeds
from the MSR sales to reduce its senior secured term loan.

Additional requirements as a result of the settlements include the
appointments of independent monitors, civil monetary penalties,
restitution to New York borrowers, enhancements to the board of
directors, the removal of the founder William Erbey, and various
other requirements.

Despite declining revenues, primarily as a result of a shrinking
MSR portfolio, S&P believes that debt to EBITDA will reach
approximately 2x during the next 12 months, resulting in a cash
flow/leverage assessment of "intermediate," an improvement from the
previous "significant" assessment.  The improved leverage position
is largely the result of a $900 million reduction in the senior
secured term loan outstandings, but is also buttressed by plans to
reduce servicing-related costs as the MSR portfolio shrinks.

As a component of this most recent credit review, S&P is applying a
one-notch downward adjustment to the final rating to reflect the
business model transition that Ocwen is facing.  Going forward, the
firm's business model will require the creation of MSRs via one of
the firm's origination channels, retail, wholesale, correspondent,
and portfolio recapture, rather than the bulk portfolio purchases
of the past.  S&P views the residential mortgage origination market
as highly fragmented and extremely competitive.  Ocwen is
increasing its focus on residential mortgage origination at a time
when S&P believes that volumes will be declining and gain-on-sale
margins will be contracting, resulting in an even more competitive
landscape during 2016.  Although Ocwen has large volumes of data on
existing clients and S&P expects that they will have somewhat of an
advantage "recapturing" origination opportunities from the current
portfolio, the firm's success in mortgage origination is still yet
unproven.  Taking into account this uncertainty, S&P believes that
a final SACP of 'b' is appropriate.

The stable outlook reflects S&P's view that much of the regulatory
risk that threatened the viability of Ocwen's business model has
abated and that the requirements instituted by the settlements
reached with various regulatory bodies will likely improve the
operational and risk management framework of Ocwen, as well as
board effectiveness, over the next 12-18 months.  Additionally, S&P
believes that the firm will maintain leverage of approximately
2x-3x debt to EBITDA for the next 12 months, as a reduction in
earnings because of MSR portfolio sales proportionally offsets the
reduction in total debt.

S&P could lower the rating on Ocwen if the company is unable to
successfully execute its current strategic plans, thus risking its
ability to generate recurring cash flow sufficient to support even
the projected levels of reduced debt.  For example, if debt to
EBITDA breaches 3x, with no plan for reducing it below the 3x
threshold, S&P could lower the rating.  Additionally, if further
regulatory violations are identified that S&P believes is likely to
threaten the stability of the operations, it could lower the
rating.

An upgrade is unlikely during the next 12-18 months given the
uncertainty regarding Ocwen's ability to successfully transition
from a purchaser of MSRs to a creator of MSRs via organic mortgage
origination and wholesale or correspondent relationships.  However,
if total corporate debt declines significantly, such that S&P
believes leverage is likely to drop sustainably below 2x debt to
EBITDA, and consistent with improving supplementary metrics,
including funds from operations to debt and EBITDA to interest, S&P
could raise the rating.



QUANTUM CORP: Eric Singer Holds 5.5% Stake as of Dec. 18
--------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Eric Singer disclosed that as of Dec. 18, 2015, he
beneficially owns 14,495,790 shares of common stock of Quantum
Corporation, representing 5.5 percent of the shares outstanding.  A
copy of the regulatory filing is available at:

                     http://is.gd/86sBBv

                      About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com/-- is a storage company specializing in
backup, recovery and archive.  Quantum provides a comprehensive,
integrated range of disk, tape, and software solutions supported
by a world-class sales and service organization.

Quantum reported net income of $16.7 million on $553 million of
total revenue for the year ended March 31, 2015, compared to a net
loss of $21.5 million on $553 million of total revenue for the year
ended March 31, 2014.

As of Sept. 30, 2015, the Company had $305 million in total assets,
$384 million in total liabilities and a $78.5 million total
stockholders' deficit.


REDDY ICE: S&P Raises CCR to 'CCC+', Outlook Stable
---------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Dallas-based Reddy Ice Holdings Corp. to 'CCC+' from
'CCC'.  The rating outlook is stable.

At the same time, S&P raised its issue-level rating on Reddy Ice's
first-lien debt to 'B-' from 'CCC+'.  The '2' recovery rating is
unchanged, indicating S&P's expectation for substantial recovery
(70%-90%; lower half of the range) of principal in the event of a
payment default or bankruptcy.

The upgrade follows Standard & Poor's review of Reddy Ice's
improved performance and expected working capital reductions after
the company announced its fiscal third quarter (ended Sept. 30,
2015) results.  The company's adjusted EBITDA has improved about
100 basis points year-over-year for the 12 months ended Sept. 30,
2015, reflecting the recovery from the distribution disruptions and
cost reduction initiatives the company undertook in fiscal 2014 and
2015.  In addition, S&P believes the company will largely unwind
its seasonal working capital and repay the majority of its
outstanding revolving credit facility borrowings by year end, thus
maintaining financial covenant compliance under its debt-to-EBITDA
ratios with more than 10% cushion at fiscal year-end 2015.  Still,
the company is not rated higher, given the very tight financial
covenant outlook for 2016 as its leverage covenant levels step-down
in the first and third quarters of 2016, which leaves the company
dependent on favorable weather-related business conditions to
continue to grow earnings and cash flows next year in order to
avoid a covenant default.

The outlook is stable.  Although S&P expects the company to realize
additional cost savings, reduce capital expenditures, and maintain
compliance with its financial covenants, S&P believes it will have
a very tight EBITDA cushion of less 10%.  Still, the company
remains reliant on favorable business and economic conditions, most
notable favorable weather to ensure healthy sales next year to meet
its financial commitments, including maintaining compliance with
its financial covenants.



RESPONSE BIOMEDICAL: History of Losses Raises Going Concern Doubt
-----------------------------------------------------------------
Response Biomedical Corp.'s history of losses, among other things,
raises substantial doubt about its ability to continue as a going
concern, according to Dr. Barbara R. Kinnaird, chief executive
officer, and William J. Adams, chief financial officer of the
company in a regulatory filing with the U.S. Securities and
Exchange Commission dated November 12, 2015.

Ms. Kinnaird and Mr. Adams revealed, "We have financed our
operations primarily through equity and debt financings.  As of
September 30, 2015, the Company has raised approximately $107.8
million from the sale and issuance of equity securities and debt,
net of issue costs.  On October 15, 2014, we entered into a funded
Technology Development Agreement and on February 16, 2015, a
Collaboration Agreement with Hangzhou Joinstar Biomedical
Technology Co. Ltd. (Joinstar) to support the co-development by
Response and Joinstar of components and multiple assays that will
run on a high throughput rapid immunoassay analyzer developed by
Joinstar.  Under the terms of the agreements, we have received
milestones totaling US$2.3 million to date and are eligible to
receive a further US$1.5 million in development milestones over the
remaining planned six month project period.  We expect these funds,
in part, to be used to reduce any working capital deficiency at the
time they are received. In conjunction with the signing of the
Collaborative Agreement, we entered into a definitive Supply
Agreement with Joinstar whereby we will provide certain materials
required for Joinstar to manufacture and sell the developed assays
specifically to run on their analyzer.  Under the terms of the
Supply Agreement, we are eligible to receive a guaranteed US$1.8
million in revenue-based payments over the first five years of
commercialization of the co-developed assays.

"In addition to the Joinstar agreements, the company has a term
loan from Silicon Valley Bank (SVB) with an outstanding principal
balance of approximately US$1.0 million as of September 30, 2015.
Sales to the company's national distributor in China represented
64% of product sales in the first nine months of 2015.  While this
distributor met its contractual minimums for purchases of products
from the company in the first six months of the year, it advised
the Company that it has built up inventory at a higher rate than
its current sales to end-users.  Consequently, this distributor
made lower purchases from the company during the third quarter of
2015 compared to the first two quarters of 2015.  This new national
distributor is still in the process of expanding into additional
territories within China and determining end-user buying patterns.
No returns of the products purchased by the national distributor
are either expected or permitted under the terms of its
distribution agreement.

"In order to address the past quarter and expected temporary
decline in our shipments to this China distributor, we implemented
several cash conservation and cost reduction initiatives to extend
our available cash resources.  These actions included selected
staff layoffs and work-sharing programs, reductions in
discretionary spending, and additional efforts to sell inventory
accumulated late in the second quarter in anticipation of Q3 sales
in China.  In parallel, our new China General Manager is now
actively engaged in expanding our sales and marketing activities in
China working with our distributor.  As a further step to
strengthen our financial position, the company is also seeking
additional financing alternatives.  While the company is pursuing
these various cost, sales, and financing initiatives, there is no
assurance that these efforts will be sufficient to fund the
company's operations."

Ms. Kinnaird and Mr. Adams continued, "We expect that we will have
net negative cash flow over the next several quarters, excluding
development milestones from Joinstar, until our growth initiatives
provide sufficient cash flow to cover internal operating expenses
and provide the additional working capital required to support the
growth.  In addition, we continue to require cash for our
contractual debt and other obligations.

"We believe that with a combination of some or all of the various
cost reduction, cash conservation, sales and marketing, and, if
necessary, financing initiatives and with the targeted execution
under the Joinstar Agreements and strengthening of our China
sales/distribution, based on the projected level of operations, our
cash and cash equivalent balances, including cash generated from
operations, will be sufficient to meet our anticipated cash
requirements through the next twelve months.  

"However, due to our history of losses, the challenges of our sales
activities in our China market and uncertain success of our various
cost, cash, and financing efforts, there is substantial doubt over
our ability to continue as a going concern as we are dependent on
meeting the development milestones required to earn the additional
US$1.5 million in development fees under the Collaboration
Agreement with Joinstar, achieving profitable operations, and/or
additional financings, the outcomes of which cannot be predicted at
this time."  

At September 30, 2015, the company had total assets of
C$12,649,000, total liabilities of C$13,641,000 and total
shareholders' deficit of C$992,000.

The company posted a net income and comprehensive income of
C$729,000 for the three months ended September 30, 2015, compared
to a net loss and comprehensive loss of C$1,118,000 for the same
period in 2014.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/jrujkzw

Vancouver, Canada-based Response Biomedical Corp. develops,
manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence
immunoassay-based diagnostic testing platform.  The company
currently has 14 tests available for clinical and environmental
testing applications and plans to commercialize additional tests.


RESPONSE GENETICS: Files Rule 2015.3 Periodic Report
----------------------------------------------------
Response Genetics Inc. filed a report disclosing that it holds 100%
stake in Response Genetics Ltd. as of Sept. 9, 2015.

The report was filed pursuant to Bankruptcy Rule 2015.3, which
requires the company to disclose the value, operations and
profitability of entities in which it holds a substantial or
controlling interest.  

The report is available without charge at http://is.gd/L8KmNm

                    About Response Genetics

Los Angeles, California-based Response Genetics, Inc. (otcqb:RGDX)
-- http://www.responsegenetics.com-- is a CLIA-certified clinical
laboratory focused on the development and sale of molecular
diagnostic testing services for cancer.  The Company's technologies
enable extraction and analysis of genetic information derived from
tumor cells stored as formalin-fixed and paraffin-embedded
specimens.  The Company's principal customers include oncologists
and pathologists.  In addition to diagnostic testing services, the
Company generates revenue from the sale of its proprietary
analytical pharmacogenomic testing services of clinical trial
specimens to the pharmaceutical industry.  

Response Genetics, fdba Bio Type, Inc., filed for Chapter 11
bankruptcy (Bankr. D. Del. Case No. 15-11663) on Aug. 9, 2015,
represented by James E. O'Neill, Esq., at Pachulski Stang Ziehl &
Jones LLP.  Canaccord Genuity, Inc. serves as its investment
banker; and Rust Consulting Omni Bankruptcy acts as its claims and
noticing agent.  

The Company disclosed total assets of $10.7 million and total debts
of $15.7 million.  The petition was signed by Thomas Bologna,
chairman and chief executive officer.

No request has been made for the appointment of a trustee or an
examiner in the cases, and no official committee has yet been
appointed by the Office of the U.S. Trustee.

                           *     *     *

Response Genetics executed a "stalking horse" agreement to sell all
of its business assets to Cancer Genetics, Inc., for $14 million,
comprised of a 50/50 split in value of cash and the common stock of
CGI.

CGI is represented by Kramer Levin Naftalis & Frankel LLP's James
A. Grayer, Esq.


RIALTO HOLDINGS: S&P Revises Outlook to Stable & Affirms 'B+' ICR
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its outlook on
Rialto Holdings LLC to stable from negative.  At the same time, S&P
affirmed its 'B+' issuer credit and 'B' senior unsecured ratings on
Rialto.

"The outlook revision reflects Rialto's ability to raise new
investment funds and increase assets under management with
sustainable management fees following the January 2015 departure of
certain employees in Rialto's investment management business," said
Standard & Poor's credit analyst Matthew Carroll.  Assets under
management increased to $7.1 billion as of Aug. 31, 2015, from $6.7
billion on Nov. 30, 2014, and the company launched the Rialto Real
Estate Fund III, having its first closing commitments in October.
Rialto's management fees increased to $62.4 million through the
first nine months of fiscal 2015 from $36.5 million in the first
nine months of fiscal 2014.  Meanwhile, Rialto's loan origination
and securitization business continued to produce strong volumes,
with gains from securitizations and other loan origination revenues
increasing to $68.2 million from
$50.7 million.

S&P's ratings on Rialto reflect its relatively conservative balance
sheet leverage, offset by higher risk assets, in S&P's view,
relative to banks and other commercial real estate finance
companies.  Rialto's business primarily consists of raising,
investing, and managing third-party capital; originating and
securitizing commercial mortgage loans; and investing its own
capital in real estate loans, properties, and securities, including
junior tranches of commercial mortgage-backed securities (CMBS).
Rialto is monetizing and winding down distressed commercial real
estate portfolios that include residential and commercial real
estate loans, as well as real estate owned properties.  Rialto's
debt to adjusted equity was 1.7x as of
Aug. 31, 2015, which S&P considers "strong," as its criteria define
the term.

Although Rialto is successful in its niche, it faces formidable
competition from large and regional U.S. banks, REITs, specialty
finance, and insurance companies.  In S&P's view, Rialto has a
"moderate" business position because of its concentration in
commercial real estate, which S&P considers volatile.  While $647
million of equity and $352 million of senior unsecured notes are
significant sources of stable funding, the company is reliant on
364-day warehouse repurchase facilities with margin calls, with
$322 million outstanding as of Aug. 31, 2015, to conduct its loan
origination and securitization business.  S&P considers Rialto's
funding and liquidity to be "moderate" and "adequate,"
respectively.

The stable outlook reflects S&P's expectation that Rialto will
continue to grow assets under management and management fees in its
investment and asset management business, and maintain its position
in its loan origination and securitization business. Also, S&P
expects Rialto to maintain conservative leverage, with a
debt-to-adjusted total equity ratio of less than 2.5x.

S&P could lower the ratings if short-term wholesale funding becomes
a greater component of Rialto's funding profile relative to stable
funding sources, such as equity and long-term unsecured debt.  S&P
could also lower the ratings if debt to adjusted equity
unexpectedly increases above 2.5x.

S&P could raise the ratings if the company strengthens its funding
profile by extending the maturities of its warehouse facilities and
reducing margin call risks.



SAGICOR LIFE: S&P Affirms 'BB-' ICR, Outlook Negative
-----------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB-' financial
strength and issuer credit ratings on Sagicor Life Inc., and its
'B' ratings on Sagicor Finance Ltd.'s $320 million, seven-year
senior unsecured notes.  The outlook remains negative.  At the same
time, S&P withdrew its 'B' issue-level rating on Sagicor Finance's
$150 million 10-year senior unsecured notes because the company
redeemed them on Sept. 10, 2015.

The ratings on Sagicor reflect S&P's view of its "fair" business
risk profile and "less than adequate" financial risk profile.
S&P's assessments are based on the company's strong presence in the
Caribbean, its well-known brand across that region, sound market
position, capitalization levels in line with S&P's 'BBB' benchmark,
and its expectation that its operating performance will continue to
improve gradually.  The major weakness is Sagicor's bulk of
operations in countries that S&P considers to have high industry
and country risks.  S&P's ratings consider Sagicor's significant
exposure to Jamaica (B/Stable/B) because the company's 32.1% of
investment portfolio is located there, as of September 2015, and to
Barbados (B/Negative/B), the insurer's domicile country.  Sagicor
passed S&P's sovereign default stress and transfer and
convertibility tests for both Jamaica and Barbados. Therefore,
S&P's ratings on the company are above the sovereign ratings of
these two countries.  However, the ratings on Sagicor are two
notches below the potential rating of 'BB+' because the rating on
Barbados limits the rating on the insurer to 'BB-'.  A life insurer
rating is capped at two notches above the sovereign rating of its
country of domicile because of S&P's view that these entities have
a high sensitivity to country risk and the critical role of
regulations for these entities.

The rating on Sagicor Finance's existing seven-year $320 million
senior unsecured notes is two notches below the issuer credit
rating on Sagicor, reflecting the structural subordination of the
company issuing the debt and the subordination to policyholders'
obligations.  Sagicor Financial Corp. (not rated) and Sagicor
guarantee the debt.

S&P withdrew its rating on Sagicor Finance's existing
$150 million, 10-year senior unsecured notes because the company
made an early redemption of this debt on Sept. 10, 2015, as
expected and in line with its debt refinancing plans.



SAMSON RESOURCES: Can Use Cash Collateral Until Jan. 21
-------------------------------------------------------
Samson Resources Corp. received interim approval to use the cash
collateral of its pre-bankruptcy lenders until Jan. 21, 2016.

The order, issued by the U.S. Bankruptcy Court in Delaware, allowed
the company to use the cash collateral to support its operations
and make "adequate protection" payments to the lenders.

In exchange, the lenders will get so-called "superpriority"
administrative claims and will be granted liens on certain
properties of the company, according to the Dec. 17 order, which is
the fourth interim order issued by the bankruptcy court.

Samson Resources first obtained interim approval to use the cash
collateral on Sept. 22 after the court incorporated certain rulings
relating to comments from the U.S. trustee and a group of senior
noteholders.  

Last month, the court issued two more interim orders modifying the
relief granted in the Sept. 22 order.

Samson Resources owes its lenders more than $1.9 billion as of
Sept. 16, 2015.  JPMorgan Chase Bank N.A. and Deutsche Bank Trust
Company Americas serve as administrative agents for the lenders,
court filings show.

                      About Samson Resources

Samson Resources Corporation, et al., filed Chapter 11 bankruptcy
petitions (D. Del. Lead Case No. 15-11934) on Sept. 16, 2015.
Philip W. Cook signed the petition as executive vice president and
chief financial officer.  The Debtors estimated assets and
liabilities of more than $1 billion.

Samson is an onshore oil and gas exploration and production
company with interests in various oil and gas leases primarily
located in Colorado, Louisiana, North Dakota, Oklahoma, Texas, and
Wyoming.  The Operating Companies operate, or have royalty or
working interests in, approximately 8,700 oil and gas production
sites.

Samson was acquired by KKR and Crestview from Charles Schusterman
in December 2011 for approximately $7.2 billion.  The investor
group provided approximately $4.1 billion in equity investments as
part of the purchase price.

Kirkland & Ellis LLP represents the Debtors as general counsel.
Klehr Harrison Harvey Branzburg LLP is the Debtors' local counsel.

Alvarez & Marsal LLC acts as the Debtors' financial advisor.
Blackstone Advisory Partners L.P. serves as the Debtors' investment
banker.  Garden City Group, LLC serves as claims and noticing agent
to the Debtors.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Samson Resources Corp. and its affiliated debtors to
serve on the official committee of unsecured creditors.


THOMAS REYNOLDS: Bid to Declare $200K Debt Nondischargeable Denied
------------------------------------------------------------------
Donna L. Brannon filed a motion for summary judgment in her
adversary proceeding, which seeks a determination that a debt owed
by Thomas Philip Reynolds and Angela Faye Reynolds is
non-dischargeable.

Judge Frank W. Volk of the United States Bankruptcy Court for the
Southern District West Virginia, Beckley, denied Ms. Brannon's
motion for summary judgment.

Ms. Brannon contends that the Reynolds are barred by the Agreed
Order from re-litigating issues regarding dischargeability. She
requests the Court to declare a debt of $200,000 nondischargeable
based on the res judicata effect of a prior state court judgment.
Binding precedent teaches, however, that res judicata does not
apply to state court judgments in the bankruptcy
nondischargeability context.

Neither does collateral estoppel establish nondischargeability as a
matter of law. At the gateway, the Court is unable to ascertain an
identity of issues. The Third-Party Complaint and the Agreed Order
are simply insufficient to bear the weight attributed them by Ms.
Brannon, especially when the bedrock fresh start policy is at
stake.

The adversary proceeding is DONNA L. BRANNON, Plaintiff, v. THOMAS
PHILIP REYNOLDS and ANGELA FAYE REYNOLDS, Defendants, Adversary
Proceeding No. 5:14-ap-5013 (Bankr. S.D. W.Va.).

The bankruptcy case is IN RE: THOMAS PHILIP REYNOLDS and ANGELA
FAYE REYNOLDS, Chapter 11, Debtors, Case No. 5:14-bk-50061 (Bankr.
S.D. W.Va.).

A full-text copy of the Memorandum Opinion and Order dated December
9, 2015, is available at http://is.gd/MihhVYfrom Leagle.com.

Donna L Brannon, Plaintiff, represented by Jeffrey B Brannon, Esq.
-- jbrannon@c-wlaw.com -- Cipriani & Werner, Christopher J Sears,
Esq. -- Cipriani & Werner PC, Joe M Supple, Esq.


TRANS ENERGY: Names Stephen Lucado Principal Financial Officer
--------------------------------------------------------------
Stephen P. Lucado, chairman of the Board of Trans Energy, Inc., was
appointed as treasurer of the Company.  In that capacity, he will
serve as principal financial officer of the Company.

Mr. Lucado, age 43, became a director on June 29, 2011, and was
elected Chairman of the Board on April 17, 2012.  He has over 19
years of professional financial experience.  He has been associated
with various financial companies and has managed investments in the
oil and gas and power industries.  Since 2009, Mr. Lucado has
served as senior managing director and founder of Three Oaks Group,
specializing in financial advisory to companies in the oil and gas
industry.  In 2009, he served as interim CFO of Texas American
Resources Company in Austin, Texas, an oil and gas exploration and
production company.  From 2006 to 2008, Mr. Lucado was a director
managing an investment portfolio with Z Capital Partners, LLC in
Lake Forest, Illinois.  Mr. Lucado holds a Bachelor of Arts Degree
in history and science from Harvard University and a Master of
Business Administration Degree from the University of Chicago.

There was no change to Mr. Lucado's compensation associated with
this appointment.

                        About Trans Energy

St. Mary's, West Virginia-based Trans Energy, Inc. (OTC BB: TENG)
-- http://www.transenergyinc.com/-- is an independent energy
company engaged in the acquisition, exploration, development,
exploitation and production of oil and natural gas.  Its
operations are presently focused in the State of West Virginia.

Trans Energy reported a net loss of $12.5 million on $27.2 million
of total operating revenues for the year ended Dec. 31, 2014,
compared with a net loss of $17.7 million on $18.4 million of total
operating revenues for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $101 million in total assets,
$129 million in total liabilities, and a $28 million total
stockholders' deficit.


VECTOR ARMS: Court Partially Grants Bid for Contempt Sanctions
--------------------------------------------------------------
Judge Joel T. Marker of the United States Bankruptcy Court for the
District of Utah granted in part and denied in part the motion
filed by Vector Arms Corp. for contempt sanctions for violation of
the automatic stay against Ralph Merrill, Rex Merrill, RGMF Ltd.
Partnership, Vector Arms, Inc., and Vector Fab, Inc, ("Merrill
Parties"), Kelly Enterprises.net, LLC, and Charles Malta.

On January 20, 2012, Ralph, Rex, RGMF, and Vector Arms, Inc. filed
a lawsuit in Utah State Court against Jason Maughn and Vector Arms
Corp., essentially alleging that Maughn fraudulently induced Ralph
into transferring control of Vectors Arms, Inc.'s assets and
inventory to Maughn and that he breached a contract with Ralph for
the purchase of the business.

On February 12, the state court entered a "case stay" after Vector
Arms, Corp. filed its chapter 11 case.

On May 26, Ralph, acting pro se, filed an Amended Complaint in the
state court case, listing only himself as plaintiff and
superficially removing Vector Arms, Corp. as a defendant.  The
Amended Complaint sought an order "directing Jason Maughn to vacate
the premises at 270 W. 500 N., North Salt Lake, Utah, and turn over
all the business assets and records to the control of Plaintiff,
and to transfer all ATF regulated inventory to a duly licensed
custodial trustee of the Plaintiffs' choosing.  Ralph added various
non-debtor parties to the Amended Complaint and sent them letters
apprising them of the allegations in the Amended Complaint and
offering them an opportunity to settle.

On August 24, Vector Arms, Corp. filed the motion for contempt
sanctions for violation of the automatic stay.

Judge Marker denied the motion as to the Merrill Parties other than
Ralph as there was no evidence that they were involved in filing
the Amended Complaint or sending the settlement letters.  

Judge Marker then held that Ralph violated the automatic stay but
that only the debtor Vector Arms, Corp. is protected by the
automatic stay.  The judge also added that Ralph does not deserve
to be sanctioned under Section 105(a) for suing non-debtor parties.


Judge Marker awarded the debtor $13,780 in damages for Ralph's
violation of the automatic stay, but the motion was otherwise
denied.

The case is In re: VECTOR ARMS, CORP., Chapter 11, Debtor, Case No.
15-21039 (Bankr. D. Utah).

A full-text copy of Judge Marker's December 11, 2015 memorandum
decision is available at http://is.gd/He9HDJfrom Leagle.com.

Vector Arms, Corp. is represented by:

          Brian M Rothschild, Esq.
          PARSONS BEHLE & LATIMER
          201 South Main Street Suite 1800
          Salt Lake City, UT 84111
          Tel: (801) 532-1234
          Email: brothschild@parsonsbehle.com

United States Trustee is represented by:

          Laurie A Cayton, Esq.
          US TRUSTEE OFFICE
          405 South Main Street, Suite 300
          Salt Lake City, UT 84111
          Tel: (801) 524-5734
          Fax: (801) 524-5628


VIGGLE INC: Posts Net Loss in Q3 2015, Has Going Concern Doubt
--------------------------------------------------------------
Viggle Inc. incurred a net loss of $13,412,000 for the three months
ended Sept. 30, 2015, and $17,603,000 for the three months ended
Sept. 30, 2014.

Robert F.X. Sillerman, chief executive officer, and Olga
Bashkatova, principal accounting officer of the company said in a
regulatory filing with the U.S. Securities and Exchange Commission
on November 13, 2015, "The continuation of the company as a going
concern is dependent upon the continued financial support from its
stockholders, the ability of the company to obtain necessary equity
or debt financing to continue development of its business and to
generate revenue.  Management intends to raise additional funds
through equity and/or debt offerings until sustainable revenues are
developed.  

"There is no assurance such equity and/or debt offerings will be
successful and therefore there is substantial doubt about the
company's ability to continue as a going concern within one year
after the financial statements are issued."

The officers further disclosed, "Our current plan will require
capital of approximately $16,700 over the next 12-month period to
cover the fixed expenses and capital needs of our company,
including employee payroll, marketing expenditures, server
capacity, research and development, office space and capital
expenditures.  As of the date of this filing on Form 10-Q, we have
approximately $3,400,000 available under our existing lines of
credit. In order to meet our capital requirements for the next 12
months, we anticipate that we will need approximately $11,800,000
in new capital (in excess of the cash currently held by us of
approximately $1,500,000 and the $3,400,000 available).

"We believe revenue will continue to improve over the next 12
months as we sell more advertising within the App and on our
websites.  Additionally, we believe that as our user base grows, we
will be able to introduce specific brand offers, additional
sweepstakes, and digital rewards into our rewards catalog, which
will help reduce cash required to fund rewards.  As our App becomes
more popular, we plan to increase the number of points needed to
redeem certain rewards, which in turn should reduce the cash
required to fund rewards.  During Fiscal 2015, we increased our
revenue and added new rewards to the catalog which required less
cash to purchase than some of our previous rewards.  This enabled
us to reduce our cash outlay for rewards.  As we continue to add
new items to our rewards catalog, we will focus on how those items
are priced in points with the goal of reducing our cash outlay for
rewards.  Although the increase in revenue and the addition of
lower cost rewards suggest that we should be able to reduce our
cash funding requirements over the next 12 months, there is no
guarantee that we will be successful.  Our ability to sell
increasing amounts of advertising is dependent on the amount of
registered active users and the activity of those users within the
App . . .  The actual amount of funds required for the next 12
months may vary depending upon the number of users, the rewards
offered, the marketing and related expenses, the development costs
for the launch of new features and product enhancements, and the
speed with which prospective users enroll in the App.  In the event
that the required cash is not funded from revenue, we will need to
raise additional capital through either debt or equity financing.
Alternatively, we would need to revise our business plan to reduce
our spending rate and delay certain projects that are part of our
business plan based on the amount of capital available until
additional capital is raised."

At September 30, 2015, the company had total assets of $73,971,000,
total liabilities of $59,817,000 and total stockholders' equity of
$2,107,000.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/hofttpq

Viggle Inc. formerly Function(x) Inc.'s line of business is a
mobile and web-based entertainment marketing platform, Viggle that
uses incentives to make content consumption and discovery more
rewarding for media companies, brands and consumers.  The company
is based in New York.


VISANT HOLDING: S&P Withdraws 'B' CCR Over Jarden Acquisition Deal
------------------------------------------------------------------
Standard & Poor's Ratings Services said that it withdrew its
ratings on U.S. school affinity product company Visant Holding
Corp., including the 'B' corporate credit rating, following the
completion of Jarden Corp.'s acquisition of the company.  Visant is
now wholly owned by Jarden Corp., and all of its previously rated
debt has been repaid.


WAFERGEN BIO-SYSTEMS: Fails to Comply with NASDAQ Rule
------------------------------------------------------
WaferGen Bio-systems, Inc., received a notification letter from the
Listing Qualifications Department of The NASDAQ Stock Market LLC
indicating that, for the 30 consecutive business days ended Dec.
18, 2015, the bid price for the Company's common stock has closed
below the minimum $1.00 per share bid price requirement for
continued listing on the Nasdaq Capital Market under Nasdaq Listing
Rule 5550(a)(2).

Nasdaq's notification letter has no immediate effect on the listing
or trading of the Company's common stock.  In accordance with
Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar
days, or until June 20, 2016, to regain compliance with the Rule.
If, at any time before June 20, 2016, the closing bid price of the
Company's common stock is at least $1.00 per share for a minimum of
10 consecutive business days, Nasdaq will provide notice to the
Company that it complies with the Rule.

If the Company does not regain compliance with the Rule by
June 20, 2016, but meets the Nasdaq Capital Market initial
inclusion criteria set forth in Nasdaq Listing Rule 5505, except
for the minimum $1.00 per share bid price requirement, the Company
will be granted an additional 180-calendar day compliance period.
If the Company does not regain compliance with the Rule by
June 20, 2016, and is not eligible for an additional compliance
period at that time, Nasdaq staff will provide written notification
to the Company that its common stock will be delisted.  At that
time, the Company may appeal the Nasdaq staff's delisting
determination to a Nasdaq Listing Qualifications Panel pursuant to
the procedures set forth in the applicable Nasdaq Listing Rules.

The Company intends to monitor the closing bid price of the
Company's common stock and consider its available options in the
event that the closing bid price of the Company's common stock
remains below $1.00 per share.  There can be no assurance that the
Company will be able to regain compliance with the Rule or maintain
compliance with other Nasdaq listing requirements.

                   About WaferGen Bio-systems

Fremont, California-based WaferGen Bio-systems, Inc., engages in
the development of systems for gene expression quantification,
genotyping and stem cell research.  Since 2008, the Company's
primary focus has been on the development, manufacture and
marketing of its SmartChip System, a genetic analysis platform
used for profiling and validating molecular biomarkers in the life
sciences and pharmaceutical drug discovery industries.

WaferGen Bio-systems reported a net loss of $10.7 million in 2014,
a net loss of $16.3 million in 2013 and a net loss of $8.97
million in 2012.

As of Sept. 30, 2015, the Company had $10.65 million in total
assets, $7.66 million in total liabilities and $2.99 million in
total stockholders' equity.


WOUND MANAGEMENT: Current Condition Casts Going Concern Doubt
-------------------------------------------------------------
Wound Management Technologies, Inc., had a net loss for the three
months ended Sept. 30, 2015 of $178,711, as compared to a net loss
of $671,007 for the three months ended Sept. 30, 2014.  At
September 30, 2015, the company had total assets of $1,519,057,
total liabilities of $2,600,566, and total stockholders' deficit of
$1,081,509.

Darren E. Stine, chief financial officer of the company, said in a
regulatory filing with the U.S. Securities and Exchange Commission
on November 13, 2015, "The company has current liabilities in
excess of current assets and has a stockholders' deficiency.  The
company has had limited operations and has not been able to develop
an ongoing, reliable source of revenue to fund its existence.  The
company's day-to-day expenses have been covered by proceeds
obtained and services paid by the issuance of stock and notes
payable.  

"The adverse effect on the company's results of operations due to
its lack of capital resources can be expected to continue until
such time as the Company is able to generate additional capital
from other sources.  

"These conditions raise substantial doubt about the company's
ability to continue as a going concern.

"The continuation of the company as a going concern is dependent
upon the success of the company in obtaining additional funding and
the success of its future operations.   The ability of the company
to achieve these objectives cannot be determined at this time."

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/gmsd4oq

Addison, Texas-based Wound Management Technologies, Inc. (WMT),
through its subsidiary, markets and sells products using patented
CellerateRX(R) whose activated collagen aims to deliver the
essential benefits of collagen to a wound immediately.  The company
aims to pursue additional product lines through another subsidiary.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Collision Evolution, LLC
   Bankr. S.D. Ind. Case No. 15-09906
      Chapter 11 Petition filed November 30, 2015
         See http://bankrupt.com/misc/insb15-09906.pdf
         represented by: KC Cohen, Esq.
                         E-mail: kc@esoft-legal.com

In re Gerald William Filice
   Bankr. E.D. Cal. Case No. 15-29534
      Chapter 11 Petition filed December 10, 2015

In re Schomburg Asset Fund
   Bankr. D.D.C. Case No. 15-00636
      Chapter 11 Petition filed December 10, 2015
         See http://bankrupt.com/misc/dcb15-00636.pdf
         represented by: John Frank Mowery, III, Esq.
                         MOWERY LAW GROUP
                         E-mail: johnmowery76@yahoo.com

In re Marvel Engineering Company
   Bankr. N.D. Ill. Case No. 15-41652
      Chapter 11 Petition filed December 10, 2015
         See http://bankrupt.com/misc/ilnb15-41652.pdf
         represented by: Jeffrey C Dan, Esq.
                         CRANE HEYMAN SIMON WELCH & CLAR
                         E-mail: jdan@craneheyman.com

In re Nightingale Home Healthcare, Inc.
   Bankr. S.D. Ind. Case No. 15-10099
      Chapter 11 Petition filed December 10, 2015
         See http://bankrupt.com/misc/insb15-10099.pdf
         represented by: Wendy D. Brewer, Esq.
                         JEFFERSON & BREWER, LLC
                         E-mail: wbrewer@jeffersonbrewer.com

In re Red Door Lounge, Inc.
   Bankr. D. Mont. Case No. 15-61151
      Chapter 11 Petition filed December 10, 2015
         See http://bankrupt.com/misc/mtb15-61151.pdf
         represented by: James A. Patten, Esq.
                         PATTEN PETERMAN BEKKEDAHL
                         E-mail: japatten@ppbglaw.com

In re Country Deli, LLC
   Bankr. D.N.J. Case No. 15-33174
      Chapter 11 Petition filed December 10, 2015
         See http://bankrupt.com/misc/njb15-33174.pdf
         represented by: Andrew J. Kelly, Esq.
                         KELLY & BRENNAN, P.C.
                         E-mail: akelly@kbtlaw.com

In re The Hood Guys, Inc.
   Bankr. W.D.N.Y. Case No. 15-12637
      Chapter 11 Petition filed December 10, 2015
         See http://bankrupt.com/misc/nywb15-12637.pdf
         represented by: Robert B. Gleichenhaus, Esq.
                         GLEICHENHAUS, MARCHESE & WEISHAAR, P.C.
                         E-mail: RBG_GMF@hotmail.com

In re Kristoffer Mario Boschele
   Bankr. W.D.N.C. Case No. 15-50825
      Chapter 11 Petition filed December 10, 2015

In re Ariel Miranda Rodriguez
   Bankr. D.P.R. Case No. 15-09781
      Chapter 11 Petition filed December 10, 2015

In re Vaca Brava Old San Juan LLC
   Bankr. D.P.R. Case No. 15-09787
      Chapter 11 Petition filed December 10, 2015
         See http://bankrupt.com/misc/prb15-09787.pdf
         represented by: Javier Vilarino, Esq.
                         VILARINO & ASSOCIATES LLC
                         E-mail: jvilarino@vilarinolaw.com

In re Kenneth L Singleton
   Bankr. E.D. Va. Case No. 15-74254
      Chapter 11 Petition filed December 10, 2015

In re Paul Philip Lunden and Claudia Anne Lunden
   Bankr. D. Ariz. Case No. 15-15630
      Chapter 11 Petition filed December 11, 2015

In re Fuhu Direct, Inc.
   Bankr. D. Del. Case No. 15-12504
      Chapter 11 Petition filed December 11, 2015
         See http://bankrupt.com/misc/deb15-12504.pdf
         represented by: Michael Seidl, Esq.
                         PACHULSKI, STANG,ZIEHL,YOUNG & JONES
                         E-mail: mseidl@pszjlaw.com

In re Nabi, Inc.
   Bankr. D. Del. Case No. 15-12505
      Chapter 11 Petition filed December 11, 2015
         See http://bankrupt.com/misc/deb15-12505.pdf
         represented by: Michael Seidl, Esq.
                         PACHULSKI, STANG,ZIEHL,YOUNG & JONES
                         E-mail: mseidl@pszjlaw.com

In re Clemons Trucking, LLC
   Bankr. M.D. Fla. Case No. 15-05393
      Chapter 11 Petition filed December 11, 2015
         See http://bankrupt.com/misc/flmb15-05393.pdf
         represented by: Lisa C Cohen, Esq.
                         RUFF & COHEN PA
                         E-mail: mcourtruff@bellsouth.net

In re Clarcona Pre School, Inc.
   Bankr. M.D. Fla. Case No. 15-10366
      Chapter 11 Petition filed December 11, 2015
         See http://bankrupt.com/misc/flmb15-10366.pdf
         represented by: Jeffrey Ainsworth, Esq.
                         BRANSONLAW PLLC
                         E-mail: jeff@bransonlaw.com

In re Dawn Michelle Rapoport
   Bankr. S.D. Fla. Case No. 15-31558
      Chapter 11 Petition filed December 11, 2015

In re James Richard Unger
   Bankr. D. Md. Case No. 15-27082
      Chapter 11 Petition filed December 11, 2015

In re Harvard Investment Corp.
   Bankr. D.N.J. Case No. 15-33233
      Chapter 11 Petition filed December 11, 2015
         filed Pro Se

In re The Beckford Group, LLC
   Bankr. D.N.J. Case No. 15-33248
      Chapter 11 Petition filed December 11, 2015
         See http://bankrupt.com/misc/njb15-33248.pdf
         represented by: Justin M Gillman, Esq.
                         GILLMAN & GILLMAN
                         E-mail: abgillman@optonline.net

In re Diplomat Realty International Inc
   Bankr. S.D.N.Y. Case No. 15-23761
      Chapter 11 Petition filed December 11, 2015
         See http://bankrupt.com/misc/nysb15-23761.pdf
         represented by: Barry N. Frank, Esq.
                    THE LAW FIRM OF BARRY N. FRANK & ASSOCIATES PC
                         E-mail: bnfrankesq@gmail.com

In re Spring City Investment Group, L. P.
   Bankr. E.D. Penn. Case No. 15-18856
      Chapter 11 Petition filed December 11, 2015
         See http://bankrupt.com/misc/paeb15-18856.pdf
         represented by: Jeffrey M. Freeman, Esq.
                         E-mail: sjfreeman@cs.com

In re Maximum Lift Parts of Puerto Rico Inc
   Bankr. D.P.R. Case No. 15-09812
      Chapter 11 Petition filed December 11, 2015
         See http://bankrupt.com/misc/prb15-09812.pdf
         represented by: Lyssette A Morales Vidal, Esq.
                         LYSSETE MORALES LAW OFFICE
                         E-mail: lamoraleslawoffice@gmail.com

In re Rafael Ramon Sanchez
   Bankr. C.D. Cal. Case No. 15-28818
      Chapter 11 Petition filed December 13, 2015
         represented by: Dana M Douglas, Esq.
                         E-mail: dmddouglas@hotmail.com

In re Donald F. Gaube
   Bankr. N.D. Cal. Case No. 15-43783
      Chapter 11 Petition filed December 13, 2015
         represented by: Robert G. Harris, Esq.
                         LAW OFFICES OF BINDER AND MALTER
                         E-mail: rob@bindermalter.com

In re Denise Stansfield and David Elphick Stansfield
   Bankr. C.D. Cal. Case No. 15-12436
      Chapter 11 Petition filed December 14, 2015
         represented by: Onyinye N Anyama, Esq.
                         ANYAMA LAW FIRM
                         E-mail: onyi@anyamalaw.com

In re Thelma Covarrubias
   Bankr. C.D. Cal. Case No. 15-28899
      Chapter 11 Petition filed December 14, 2015
         represented by: Adalila Zelada-Garcia, Esq.
                         THE HOPKINS GARCIA LAW FIRM
                         E-mail: azglaw@gmail.com

In re John St. Claire
   Bankr. S.D. Cal. Case No. 15-07939
      Chapter 11 Petition filed December 14, 2015

In re F.P. Wortley, Inc.
   Bankr. S.D. Ga. Case No. 15-42074
      Chapter 11 Petition filed December 14, 2015
         See http://bankrupt.com/misc/gasb15-42074.pdf
         represented by: C. James McCallar, Jr., Esq.
                         MCCALLAR LAW FIRM
                         E-mail: mccallar@mccallarlawfirm.com

In re CDE Holdings, Inc.
   Bankr. S.D. Ind. Case No. 15-10147
      Chapter 11 Petition filed December 14, 2015
         See http://bankrupt.com/misc/insb15-10147.pdf
         represented by: Christopher J McElwee, Esq.
                         MONDAY RODEHEFFER JONES & ALBRIGHT
                         E-mail: cmcelwee@mrjalaw.com

In re Etruscan Limited Investments, LLC
   Bankr. E.D. La. Case No. 15-13222
      Chapter 11 Petition filed December 14, 2015
         See http://bankrupt.com/misc/laeb15-13222.pdf
         represented by: Al M. Thompson, Jr., Esq.
                         THOMPSON, GIBBONS & WESTHOLZ
                         E-mail: athompson@tgwlaw.net

In re Penn-Tex Helicopters, Inc.
   Bankr. W.D. La. Case No. 15-51588
      Chapter 11 Petition filed December 14, 2015
         See http://bankrupt.com/misc/lawb15-51588.pdf
         represented by: William C. Vidrine, Esq.
                         VIDRINE & VIDRINE, PLLC
                         E-mail: williamv@vidrinelaw.com

In re Hillwinds Family Limited Partnership
   Bankr. D. Mass. Case No. 15-42424
      Chapter 11 Petition filed December 14, 2015
         See http://bankrupt.com/misc/mab15-42424.pdf
         represented by: Kevin C. McGee, Esq.
                         MATUZEK & MCGEE
                         E-mail: kcmmcgee@outlook.com

In re Sidney Albert Johnson, Jr.
   Bankr. S.D. Miss. Case No. 15-03860
      Chapter 11 Petition filed December 14, 2015

In re Michael T. Long and Jennifer Long
   Bankr. S.D. Miss. Case No. 15-52052
      Chapter 11 Petition filed December 14, 2015

In re Michael Long Home Construction Plus, LLC
   Bankr. S.D. Miss. Case No. 15-52054
      Chapter 11 Petition filed December 14, 2015
         See http://bankrupt.com/misc/mssb15-52054.pdf
         represented by: Craig M. Geno, Esq.
                         LAW OFFICES OF CRAIG M. GENO, PLLC
                         E-mail: cmgeno@cmgenolaw.com

In re Charles Donald Leonard and Margaret Rose Leonard
   Bankr. D. Neb. Case No. 15-82016
      Chapter 11 Petition filed December 14, 2015

In re MLPP, LLC
   Bankr. D.N.J. Case No. 15-33310
      Chapter 11 Petition filed December 14, 2015
         See http://bankrupt.com/misc/njb15-33310.pdf
         filed Pro Se

In re Robert J. Rubalcaba and Brenda Kaye Rubalcaba
   Bankr. D. Ariz. Case No. 15-15745
      Chapter 11 Petition filed December 15, 2015

In re Ladera Drive Land Trust
   Bankr. E.D. Cal. Case No. 15-29619
      Chapter 11 Petition filed December 15, 2015
         See http://bankrupt.com/misc/caeb15-21619.pdf
         filed Pro Se

In re Helou Saab Inc.
   Bankr. S.D. Cal. Case No. 15-07946
      Chapter 11 Petition filed December 15, 2015
         See http://bankrupt.com/misc/casb15-07946.pdf
         represented by: James L. Conkey, Esq.
                         JLC LAW OFFICES
                         E-mail: legal@jlc-lawoffices.com

In re Dynamic Pediatric Therapy, Inc.
   Bankr. S.D. Fla. Case No. 15-31692
      Chapter 11 Petition filed December 15, 2015
         See http://bankrupt.com/misc/flsb15-31692.pdf
         represented by: Douglas J Snyder, Esq.
                         DOUGLAS J. SNYDER, P.A.
                         E-mail: djspa@aol.com

In re 5126 Baltimore, LLC
   Bankr. D. Md. Case No. 15-27168
      Chapter 11 Petition filed December 15, 2015
         See http://bankrupt.com/misc/mdb15-27168.pdf
         represented by: Donald L Bell, Esq.
                         THE LAW OFFICE OF DONALD L. BELL, LLC
                         E-mail: donbellaw@gmail.com

In re Samuel E. Hernandez and Iris J. Hernandez
   Bankr. D. Nev. Case No. 15-16902
      Chapter 11 Petition filed December 15, 2015

In re Coling Medical Transport, Inc
   Bankr. E.D.N.Y. Case No. 15-45611
      Chapter 11 Petition filed December 15, 2015
         See http://bankrupt.com/misc/nyeb15-45611.pdf
         represented by: Nigel E Blackman, Esq.
                         BLACKMAN & MELVILLE, PC
                         E-mail: nigel@bmlawonline.com

In re James C. Austin
   Bankr. W.D.N.Y. Case No. 15-12658
      Chapter 11 Petition filed December 15, 2015

In re Boyler Room Limited
   Bankr. E.D. Penn. Case No. 15-18974
      Chapter 11 Petition filed December 15, 2015
         See http://bankrupt.com/misc/paeb15-18974.pdf
         represented by: Jonathan H. Stanwood, Esq.
                         LAW OFFICE OF JONATHAN H. STANWOOD, LLC
                         E-mail: jhs@stanwoodlaw.com

In re Barry L. Bingham and Dawn W. Bingham
   Bankr. E.D. Tenn. Case No. 15-51864
      Chapter 11 Petition filed December 15, 2015

In re John J Trejo and Elsie Alfeche Baclayon
   Bankr. C.D. Cal. Case No. 15-15931
      Chapter 11 Petition filed December 16, 2015

In re Barbara Leigh Richardson
   Bankr. D. Ariz. Case No. 15-15806
      Chapter 11 Petition filed December 16, 2015

In re Wayne Wing Cheung Wong
   Bankr. N.D. Cal. Case No. 15-31548
      Chapter 11 Petition filed December 16, 2015
         represented by: Drew Henwood, Esq.
                         LAW OFFICES OF DREW HENWOOD
                         E-mail: dfhenwood@aol.com

In re Fred M. Bush, LLC
   Bankr. S.D. Fla. Case No. 15-31789
      Chapter 11 Petition filed December 16, 2015
         See http://bankrupt.com/misc/flsb15-31789.pdf
         represented by: Chad T Van Horn, Esq.
                         VAN HORN LAW GROUP, P.A.
                         E-mail: Chad@cvhlawgroup.com

In re Irshad Siddique, LLC
   Bankr. N.D. Ga. Case No. 15-73898
      Chapter 11 Petition filed December 16, 2015
         See http://bankrupt.com/misc/ganb15-73898.pdf
         represented by: Jason L. Pettie, Esq.
                         JASON L. PETTIE, PC
                         E-mail: jasonpettie@gmail.com

In re Jobo's, Inc.
   Bankr. N.D. Ga. Case No. 15-73919
      Chapter 11 Petition filed December 16, 2015
         See http://bankrupt.com/misc/ganb15-73919.pdf
         represented by: Paul Reece Marr, Esq.
                         PAUL REECE MARR, P.C.
                         E-mail: paul@paulmarr.com

In re Robert Wayne Hamill, Jr.
   Bankr. N.D. Ga. Case No. 15-73920
      Chapter 11 Petition filed December 16, 2015

In re John Joseph Molinari
   Bankr. N.D. Ga. Case No. 15-73922
      Chapter 11 Petition filed December 16, 2015

In re Lawrence K. Mace
   Bankr. D. Md. Case No. 15-27263
      Chapter 11 Petition filed December 16, 2015

In re Ron Samuel Israeli
   Bankr. D.N.J. Case No. 15-33499
      Chapter 11 Petition filed December 16, 2015

In re David Rafaeli
   Bankr. E.D.N.Y. Case No. 15-45621
      Chapter 11 Petition filed December 16, 2015

In re Alexandre Danilenko
   Bankr. E.D.N.Y. Case No. 15-45622
      Chapter 11 Petition filed December 16, 2015

In re John Alexander Kessler
   Bankr. S.D.N.Y. Case No. 15-23770
      Chapter 11 Petition filed December 16, 2015

In re Fam Moza Corp. d.b.a. Maya Cocina & Tequila Bar
   Bankr. S.D.N.Y. Case No. 15-23772
      Chapter 11 Petition filed December 16, 2015
         See http://bankrupt.com/misc/nysb15-23772.pdf
         represented by: Norma E. Ortiz, Esq.
                         ORTIZ & ORTIZ, LLP
                         E-mail: email@ortizandortiz.com


                            *********

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.

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

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

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

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

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

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