TCR_Public/160107.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, January 7, 2016, Vol. 20, No. 7

                            Headlines

22ND CENTURY: Files Modified Risk Tobacco Product Application
ADAMS MILL: Files for Chapter 11 Bankruptcy Protection
AMERICAN STANDARD: Sues 2 Directors for Fraud, $20M Sale Harmed
ATLANTIC MANAGEMENT: Voluntary Chapter 11 Case Summary
BLUE SUN ST. JOE: May Hold Auction for Assets Feb. 11

BUDD COMPANY: Files Second Amended Plan & Disclosures
BUDD COMPANY: Says UAW Plan Objection Meritless, Premature
BUDD COMPANY: Second Omnibus Objection to 14 Claims Sustained
BUDD COMPANY: UAW Calls 2nd Amended Plan Illegal, Unconfirmable
CEASARS ENTERTAINMENT: Court Has Power to Halt Suits, 7th Cir. Says

CORNHUSKER RBM: Court Awards $9.6K Judgment Against Advantage MRI
COUDERT BROTHERS: 2nd Circuit Again Revives $85M Statek's Claim
COVENANT PROPERTY: Files for Chapter 11 Bankruptcy Protection
CRM HOLDINGS: Ex-Directors Want Insurers Pay Coverage Costs
CUMULUS MEDIA: Prepays Portion of $1.9B Term Loan Facility

DOMUM LOCIS: Gets Approval to Obtain Unsecured Loan to Pay UST
DOMUM LOCIS: Resolves Dispute With Lloyds Over Calif. Properties
EMMAUS LIFE: Has $40M Subscription Agreement with Korea Bio
EMPIRE RESORTS: Commences $290 Million Rights Offering
ENERY FUTURE: Judge Won't OK Unmanifested Asbestos Claims Class

EVAN ROSENFELD: Bid to Dismiss Whitaker Suit Granted
FINJAN HOLDINGS: Grants Multi-Million Dollar License
FOREST PARK: Tries to Block Lender's Possible Foreclosure Move
FPMC AUSTIN: Case Summary & 12 Largest Unsecured Creditors
FPMC AUSTIN: Section 341 Meeting Set for Feb. 9

GARLOCK SEALING: Court Postpones Plan Confirmation Hearing
GIGAMEDIA LTD: Regains NASDAQ Minimum Bid Price Rule
GLYECO INC: Ceases Operations at New Jersey Processing Center
GLYECO INC: Chief Technical Officer Resigns
GLYECO INC: Issues Shareholder Update Letter

GRAHAM GULF: Court Approves GGG Partners as Financial Advisor
GRAHAM GULF: Lugenbuhl Wheaton Okayed as Panel's Counsel
HOVENSA LLC: U.S. Trustee Balks at Berkeley's Terms of Fee Defense
HOVENSA LLC: U.S. Trustee Balks at Dentons' Fee Defense Provisions
IMPLANT SCIENCES: Signs Purchase Agreement with RCA

J.S. & F. MANAGEMENT: Voluntary Chapter 11 Case Summary
JAMES RIVER: Proposes Liquidating Plan After Mines Sold
JAMES RIVER: Targeting March Confirmation of Liquidating Plan
LEE STEEL: Wins Confirmation of Liquidating Plan
LOCAL CORP: Court Approves Deal to Resolve Fast Pay's Claim

MAGNUM HUNTER: Gets Approval for $200 Million DIP Financing
MIG LLC: CaucusCom Dissolution Changes Control of ITC, Judge Rules
MILESTONE SCIENTIFIC: Robert Gintel Has 6.5% Stake as of Dec. 31
MOHAVE AGRARIAN: Case Summary & Largest Unsecured Creditor
MOHAVE AGRARIAN: Section 341 Meeting Scheduled for Feb. 4

MYERS INVESTMENT: Voluntary Chapter 11 Case Summary
NEPHROS INC: MFA Replaces WithumSmith+Brown as Accountants
NEW YORK CITY OPERA: Reorganization Plan Faces Criticism
NIEBERG MIDWOOD: Case Summary & 14 Largest Unsecured Creditors
OLD VILLAGE INN: Exits Chapter 11 Bankruptcy Protection

ONE SOURCE: SSG Acted as Investment Banker on Refinancing, Sale
OPTIMUMBANK HOLDINGS: To Effect a 1-for-10 Reverse Stock Split
PANHANDLE IRON: Case Summary & 20 Largest Unsecured Creditors
PETROQUEST ENERGY: Receives Continued NYSE Listing Standard Notice
PG&E CORP: Order Allowing Withdrawal of $52MM from Escrow Affirmed

PITTSBURGH CORNING: Plan of Reorganization Appeals Withdrawn
PLEASE TOUCH MUSEUM: Jan. 27 Hearing on Disclosure Statement
POINT BLANK: Brooks Appeal Plan Confirmation Order
POINT BLANK: Brooks Seeks to Stay Disbursement of $20M from Escrow
POINT BLANK: Plan Declared Effective; Fee Claims Due Jan. 22

QUALSTAR CORP: Receives NASDAQ Bid Price Deficiency Notice
QUANTUM FUEL: Terminates Debt Repayment Agreement
RELATIVITY MEDIA: Gets Go-Ahead to Solicit Votes on Ch. 11 Plan
RESIDENTIAL CAPITAL: Calif. Ct. Refuses to Review "Johnson" Ruling
RESIDENTIAL CAPITAL: Objection to Claim Nos. 1687, 1689 Sustained

ROOMSTORES OF PHOENIX: Files for Ch 11; Jan. 28 Creditors Meeting
SANTA FE MEDICAL GROUP: Owner Enjoined from Spending Tax Refund
SMALL BUSINESS DEVELOPMENT: Case Summary & 8 Top Unsec. Creditors
SOLAR POWER: Completes Reorganization Merger
SOMMEX BEDDING: Bid Deadline Set for January 14

SOUTHERN INYO: Chapter 9 Case Summary & 7 Largest Creditors
SPECALLOY CORP: Case Summary & 20 Largest Unsecured Creditors
TEXAS REGENCY: Court OKs Cusham & Wakefield as Real Estate Broker
TITAN TEAM: Case Summary & 20 Largest Unsecured Creditors
TORQUED-UP ENERGY: "Guerra" Suit Stayed Due to Ch. 11 Filing

TRUMP ENTERTAINMENT: Hires Merlin Law as Special Insurance Counsel
UNI-PIXEL INC: Robert Petcavich Quits as SVP and CTO
VERMILLION INC: Holly Bauzon Resigns as VP of Managed Markets
VISUALANT INC: Extends Notes Due Date to March 2016
WALTER ENERGY: Laying Off 319 Workers in Mine No. 4

WEEDHIRE: Assets Under Turnaround Firm's Control
YELLOW CAB CO-OP: To File for Bankruptcy
[*] AlixPartners Expects Restructurings & Bankruptcies to Rise
[*] Lender Discrimination Pushes Black Churches to Bankruptcy
[^] Recent Small-Dollar & Individual Chapter 11 Filings


                            *********

22ND CENTURY: Files Modified Risk Tobacco Product Application
-------------------------------------------------------------
22nd Century Group, Inc., announced that on Dec. 31, 2015, the
Company's wholly owned subsidiary, Goodrich Tobacco Company,
submitted a Modified Risk Tobacco Product application to the U.S.
Food and Drug Administration seeking a reduced exposure order so
that 22nd Century's "BRAND A" Very Low Nicotine (VLN) cigarettes
may be introduced into commerce in the United States.  The
application to the FDA requests that BRAND A packaging and
marketing be allowed to disclose to consumers that the Company's
proprietary Very Low Nicotine cigarettes reduce smokers' exposure
to nicotine.

The World's Lowest Nicotine Tobacco Cigarettes

BRAND A cigarettes contain less than 0.6 mg nicotine per cigarette
and less than 0.05 mg nicotine yield per cigarette.  In each case,
this represents a reduction of at least 95% less nicotine relative
to "Big Tobacco" cigarette brands, including Marlboro, Camel,
Newport, and American Spirit.  With more than 200 patents relating
to the genes in the tobacco plant responsible for nicotine
production, 22nd Century is the only company in the world capable
of producing virtually nicotine-free tobacco.  Without any
artificial extraction or chemical processes, 22nd Century's BRAND A
cigarettes are made with the Company's proprietary VLN tobacco that
is grown on independently-owned farms in the United States. The
finished cigarettes have the taste and sensory characteristics of
conventional cigarettes, but contain only trace amounts of nicotine
so that smokers' exposure to nicotine is drastically reduced.

Under Section 911 of the federal Food, Drug, and Cosmetic Act, a
tobacco product may not be introduced for commerce in the United
States if the label or advertising represents that the tobacco
product contains a reduced level of a substance or a reduced
exposure to a substance unless given specific approval to do so by
the FDA.

"The scientific testing conducted in support of our submission to
the FDA shows conclusively that BRAND A, as compared to
conventional tobacco cigarettes, provides smokers with drastically
reduced exposure to nicotine," explained Henry Sicignano, III,
president and chief executive officer of 22nd Century Group.  "We
believe that the public health implications of a virtually
nicotine-free tobacco cigarette are enormous and 22nd Century is
excited about the prospect of introducing BRAND A into the U.S.
market."

It has been well established that cigarette smoking is toxic and
poses health risks to smokers.  Cigarette smoking is a complex
behavior that is sustained primarily by the pharmacological
properties of nicotine.  Accordingly, many public health officials
believe it is a critically important health need to provide
consumers with a product that reduces exposure to nicotine.  This
fact echoes former U.S. FDA Commissioner Dr. David Kessler's
recommendation that "the FDA should quickly move to reduce nicotine
levels in cigarettes to non-addictive levels... It is the ultimate
harm reduction strategy."

Unlike so-called "light" or "ultra-light" cigarettes (which terms
are now banned by the FDA from labeling and marketing in the United
States), 22nd Century's proprietary BRAND A cigarettes are designed
to deliver greatly reduced ratios of nicotine to other smoke
components.  The Company's application to the FDA provides a
comprehensive overview of the many independent clinical trials that
have found that smoking 22nd Century's VLN cigarettes delivers the
sensory and behavioral experience associated with conventional
cigarettes while providing only minimal exposure to the most
addictive component of tobacco.

Most recently, in October 2015, The New England Journal of Medicine
published a landmark clinical study N Engl J Med 2015;
373:1340-1349 led by the Center for the Evaluation of Nicotine in
Cigarettes.  The double-blind, parallel, randomized clinical trial
by Donny et al involved 840 smokers at ten locations who were
randomly assigned to smoke for 6 weeks either their usual brand of
cigarettes or one of six types of investigational cigarettes.  The
researchers concluded that:

   As compared with cigarettes of conventional nicotine content,
   22nd Century's proprietary Very Low Nicotine cigarettes were
   "associated with reductions in smoking, nicotine exposure, and
   nicotine dependence, with minimal evidence of nicotine
   withdrawal, compensatory smoking, or serious adverse events."

"The current study by Donny and colleagues adds to a growing
literature supporting the feasibility and potential benefits of a
national nicotine reduction policy..." explained public health
policy reform advocates, Drs. Michael Fiore and Timothy Baker in a
companion article (Fiore) in the same issue of The New England
Journal of Medicine.  "Reducing the nicotine content of combustible
tobacco to levels that will not sustain dependence seems to us to
be the most promising regulatory policy option for preventing [at
least] 20 million premature deaths."

The available scientific literature shows that smoking 22nd
Century's VLN cigarettes results in reduced nicotine exposure with
minimal compensatory smoking behavior and no greater exposure to
harmful or potentially harmful toxicants, particularly when
exposure is maintained for longer than one week.  Similarly the
prolonged use of VLN cigarettes seems to result in a decrease in
dependence.

"It is the goal of the U.S. Department of Health and Human
Services, as outlined in the program Healthy People 2010, to reduce
cigarette smoking in the United States to 12% by the year 2020,"
explained Gregg M. Gellman, 22nd Century’s Director of Regulatory
Affairs.  "Based on the scientific rationale and clinical data
referenced in our application to the FDA, we believe 22nd
Century’s proprietary Very Low Nicotine cigarettes could be an
invaluable tool in helping to drastically reduce smokers’
exposure to nicotine and thereby greatly reducing cravings for, and
consumption of, cigarettes."

With approximately 277 billion cigarettes manufactured in the U.S.
in 2014 -- representing more than $80 billion in sales -- the
cigarette market in the United States remains enormous.  At
present, however, the United States is completely devoid of any
"reduced exposure cigarette" option.  If 22nd Century's application
to the FDA is successful, the Company's VLN cigarettes will offer
millions of American smokers a distinct reduced exposure product
choice.

                       About 22nd Century

Clarence, New York-based 22nd Century Group, Inc., through its
wholly-owned subsidiary, 22nd Century Ltd, is a plant
biotechnology company using technology that allows for the level
of nicotine and other nicotinic alkaloids (e.g., nornicotine,
anatabine and anabasine) in tobacco plants to be decreased or
increased through genetic engineering and plant breeding.

22nd Century reported a net loss of $15.6 million on $529,000 of
revenue for the year ended Dec. 31, 2014, compared to a net loss of
$26.2 million on $7.27 million of revenue during the prior year.

As of Sept. 30, 2015, the Company had $21.01 million in total
assets, $6.79 million in total liabilities and $14.21 million in
total shareholders' equity.


ADAMS MILL: Files for Chapter 11 Bankruptcy Protection
------------------------------------------------------
Adams Mill Enterprises LLC filed for Chapter 11 bankruptcy
protection (Bankr. D.C. Case No. 15-00673) on Dec. 23, 2015,
estimating its assets and liabilities at between $1 million and $10
million.  The petition was signed by Purcell G. Conway, manager.

Judge Martin S. Teel, Jr., presides over the case.

Brent C. Strickland, Esq., at Whiteford, Taylor, & Preston L.L.P.
Serves as the Company's bankruptcy counsel.

On Dec. 29, 2015, the Company sought the Bankruptcy Court's
permission to use cash collateral.  A hearing to consider the
request is set for Jan. 13, 2016, at 9:30 a.m.

Adams Mill Enterprises LLC is headquartered in Fort Washington,
Maryland.


AMERICAN STANDARD: Sues 2 Directors for Fraud, $20M Sale Harmed
---------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that American
Standard Energy Corp. has filed a lawsuit in Texas accusing two of
the bankrupt oil and gas producer's directors and officers of
selling property they didn't have complete title to, an alleged
scheme that has harmed the company's creditors and jeopardized a
$20 million sale of the Debtor's assets.

The complaint was filed on Dec. 31 against ASEN co-founder Randall
Capps and his son-in-law, former Chief Executive Scott Feldhacker.
The lawsuit alleges that a series of deals involved Capps' company
Geronimo Holding Corp.

                  About American Standard Energy

American Standard Energy, Corp. and American Standard Energy Corp.
filed Chapter 11 bankruptcy petitions (Bankr. W.D. Tex. Case Nos.
15-70104 and 15-70105) on Aug. 3, 2015.  Steven Person signed the
petition as president.  The Debtors disclosed total assets of at
least $40 million and total debts of $53 million as of July 31,
2015.  Loeb & Loeb LLP serves as the Debtors' counsel.  The cases
are assigned to Judge Ronald B. King.


ATLANTIC MANAGEMENT: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Atlantic Management Corporation
        PO Box 721207
        Norman, OK 73070-4923

Case No.: 16-10010

Chapter 11 Petition Date: January 5, 2016

Court: United States Bankruptcy Court
       Western District of Oklahoma (Oklahoma City)

Judge: Hon. Sarah A. Hall

Debtor's Counsel: Gabriel Rivera, Esq.
                  RIVERA & ASSOCIATES, INC.
                  3605 Phillips
                  PO Box 7837
                  Moore, OK 73153-1837
                  Tel: (405) 237-3352
                  Fax: 405-237-3352
                  Email: rivassoc9@gmail.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Wayne E. Copeland, Jr., president.

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


BLUE SUN ST. JOE: May Hold Auction for Assets Feb. 11
-----------------------------------------------------
Blue Sun St. Joe Refining LLC will hold an auction for its assets
on Feb. 11 if it receives multiple bids.

Blue Sun, a Missouri-based company that produces biodiesel, put
most of its assets up for sale following its bankruptcy filing in
July last year.  The assets include the company's intellectual
property.

A court-approved bidding process launched by the company allows
potential suitors to make an offer until Feb. 5.  

John and Joann Horton Family Limited Partnership, the company's
pre-bankruptcy lender, has offered to purchase the assets through a
credit bid of $3.75 million.  Its offer will serve as the stalking
horse bid at the auction.  

Blue Sun will pay Horton $100,000 as reimbursement for its expenses
if it is not selected as the winning bidder, according to court
filings.

The company had initially proposed to pay a break-up fee of
$140,000 to Horton but it was opposed by the U.S. trustee, the
Justice Department's bankruptcy watchdog.

The U.S. trustee and Blue Sun's official committee of unsecured
creditors also criticized the company for proposing to sell its
assets to Horton in exchange for a credit bid of its pre-bankruptcy
liens.  

Both argued that Horton's pre-bankruptcy liens are the subject of a
pending lawsuit filed against the lender seeking avoidance of its
liens.  

Blue Sun also faced opposition from Nodaway Valley Bank and FCS
Financial FLCA.  The lenders questioned the sale of the
intellectual property, saying it is not owned by the company.   

Meanwhile, the company drew support from a group led by Gorton
Research Enterprises LLC.  The group expressed concern that
continued conflict with Horton "will likely eliminate any recovery
for unsecured creditors."

U.S. Bankruptcy Judge Arthur Federman is set to hold a hearing on
Feb. 12 to consider the sale of the assets to the winning bidder.

                      About Blue Sun St. Joe

Originally founded in 2001 as SunFuels, Inc., privately-held Blue
Sun Energy Inc. introduced biodiesel into the existing petroleum
fuels pool by focusing on an integrated approach to addressing
market needs.  In 2004, Blue Sun Energy developed the proprietary
Fusion(TM) brand of biodiesel fuel.  Early in 2012, Blue Sun
Biodiesel also established a downstream terminal presence for
biodiesel blending in Knoxville, TN.  In 2012, Blue Sun St. Joe
Refining began operating the St. Joe refinery to produce
high-quality biodiesel for wholesale distribution.

Blue Sun St. Joe Refining, LLC, and its three affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. W.D.
Mo., Case No. 15-42231) on July 31, 2015.  The cases are assigned
to Judge Arthur B. Federman.

The Debtors engaged as bankruptcy counsel Jeffrey A. Deines, Esq.,
at Lentz Clark Deines PA, in Overland Park, Kansas; and Todd A.
Burgess, Esq., John R. Clemency, Esq., and Lindsi M. Weber, Esq.,
at Gallagher & Kennedy, P.A., in Phoenix, Arizona.  MCA Financial
Group, Ltd. serves as their financial advisors.

The Official Committee of Unsecured Creditors retained Stinson
Leonard Street LLP as its counsel.


BUDD COMPANY: Files Second Amended Plan & Disclosures
-----------------------------------------------------
Former automotive parts supplier The Budd Company, Inc., filed a
Second Amended Chapter 11 Plan and an amended Disclosure Statement
on Dec. 17, 2015, following further negotiations with
parties-in-interest and to address certain of the objections to the
Nov. 19, 2015 iteration of the Disclosure Statement.

Additions to the new plan documents include disclosures by the
Debtors that:

   * The Second Amended Plan is premised upon the use and
     distribution by the Debtor of all of its existing cash and
     the proceeds from the Debtor's settlement with parent
     ThyssenKrupp North America, Inc., to and for the benefit
     of its creditors and Retirees.

   * The Debtor projects it will have $258 million of cash on
     the projected Effective Date of June 1, 2016.

   * The TKNA Settlement Agreement payments will equal $300
     million, unless the UAW elects to release KPS in connection
     with the 2012 sale of Waupaca, in which case the payments
     will equal $335 million.

   * On the Effective Date, TKNA will pay the first $15 million
     of payments due under the Settlement Agreement, which
     amount, together with $55 million of the Debtor's cash, will
     be funded to the E&A VEBA.

   * Also on the Effective Date, $185 million of the Debtor's
     cash will be funded to the UAW VEBA.  From and after the
     Effective Date, all remaining payments due under the TKNA
     Settlement Agreement will be funded to the UAW VEBA ($285
     million or $320 million, in either case paid over 8 years).

   * Budd will continue to exist after the Effective Date and
     will be owned by TKNA.  The UAW will select the individual
     who will serve as the Independent Fiduciary and who cannot
     be removed or influenced by TKNA to enforce the TKNA
     Settlement Agreement against TKNA for the benefit of the
     UAW VEBA and, if the UAW does not elect to release KPS, to
     pursue Causes of Action against KPS. The UAW VEBA will, as
     an express third-party beneficiary under the TKNA Settlement
     Agreement, have the right to enforce the Settlement
     Agreement against TKNA.

   * If TKNA fails to make a Settlement Agreement payment, the
     Independent Fiduciary and/or the UAW VEBA may accelerate all
     remaining payments due under the Settlement Agreement, draw
     on the Letter of Credit (which will fund, in cash, to the
     UAW VEBA the amount of the missed Settlement Agreement
     payment) and sue TKNA to collect the amount of all remaining
     payments under the Settlement Agreement.

   * The Debtor believes TKNA has more than sufficient resources
     (including untapped credit lines, cash and property) to make
     the payments under the Settlement Agreement.

A red-lined copy of the Disclosure Statement for the Second Amended
Plan is available for free at:

      http://bankrupt.com/misc/Budd_Co_1299_2nd_Am_DS.pdf

                     TKNA Deal, Recoveries

The Budd Company's Chapter 11 plan is premised on a settlement with
parent ThyssenKrupp North America, Inc.  To monetize the Debtor's
largest causes of action, the Plan seeks approval of the TKNA
Settlement Agreement, which provides for, among other things, that


   1. TKNA will pay on behalf of the Debtor directly to the UAW
      VEBA for the benefit of the UAW Retirees $285 million Cash,
      subject to adjustment as set forth in the TKNA Settlement
      Agreement.

   2. If the Confirmation Order includes the Waupaca Claims
      Release, then TKNA will pay on behalf of the Debtor
      directly to the UAW VEBA for the benefit of the UAW
      Retirees an additional $35 million Cash, subject to
      adjustment as set forth in the TKNA Settlement Agreement.
      If the Confirmation Order does not include the Waupaca
      Claims Release, then the Independent Fiduciary shall have
      authority to prosecute claims against KPS for the sole
      benefit of the UAW Retirees.

   3. TKNA will pay on behalf of the Debtor directly to the E&A
      VEBA for the benefit of the E&A Retirees $15 million Cash,
      subject to upward adjustment as set forth in the TKNA
      Settlement Agreement.

   4. The Cash contributed by TKNA, as well as what is projected
      to be more than $250 million of the Debtor's Effective Date
      Cash, will fund the Debtor's Retiree Benefits obligations
      as modified by the Plan.

   5. TKNA will issue the Letter of Credit in an amount not less
      than $35 million, which Letter of Credit will secure TKNA's
      payment obligations to the UAW VEBA.

   6. TKNA will assume the Pension Plans (which means that the
      ERISA Pension Plans and the SERP would remain in effect
      without change).  This assumption will have the effect of
      eliminating the claims filed by the PBGC, asserting
      liability well over $100 million.

   7. TKNA affirms that it is solely responsible for the Debtor's
      Workers Compensation Claims.

   8. TKNA will assume financial responsibility for Claim number
      521 Filed by Waupaca Foundry, Inc. in the Chapter 11 Case.

   9. TKNA will continue to provide administrative services to
      the Debtor under the terms of the Amended Services
      Agreement (which is attached to the TKNA Settlement
      Agreement).

  10. TKNA and the other Affiliates will waive and release all of
      their respective Claims and potential Claims against the
      Debtor, which Claims TKNA asserts may be worth hundreds of
      millions of dollars, if not more, subject to TKNA's
      reserved setoff rights as set forth in the TKNA Settlement
      Agreement.

  11. TKNA will continue to own the Equity Interests of the
      Debtor.

  12. TKNA will appoint an Independent Fiduciary acceptable to
      the UAW, who will be responsible for enforcing the TKNA
      Settlement Agreement and will oversee contributions to the
      Retiree VEBAs pursuant to the Plan.

  13. The UAW VEBA and the E&A VEBA are third party beneficiaries
      of the TKNA Settlement Agreement and have authority to
      enforce the TKNA Settlement Agreement.

Under the Plan, holders of non-priority tax claims (Class 1) and
secured claims (Class 2) are expected to have a 100% recovery.  The
approximately 4,000 holders of UAW retiree benefit claims owed an
estimated $830.5 million (Class 3) and the 1,000 holders of E&A
retiree benefit claims owed $101.5 million (Class 4) will be paid
from cash on hand and proceeds of causes of action.  As to asbestos
claims (Class 5), allowed insured asbestos claims will have an
estimated recovery of 67%, net of applicable insurance, with
payment from insurance policies and an asbestos insured claim fund
created by the Debtor and the allowed uninsured claims will be made
solely from an uninsured asbestos claim fund.  Holders of 11
general unsecured claims totaling $5 million (Class 6) will receive
cash equal to the amount of 67% of the allowed amount of their
claims.  The 78 holders of claims assumed by TKNA in the aggregate
amount of $228 million (Class 7) will have a 100 percent recovery.
As for the equity interests (Class 8), TKNA will retain 100% of the
equity interests in the Debtor in accordance with the TKNA
Settlement Agreement.

Counsel to The Budd Company:

         Jeff J. Marwil, Esq.
         Jeremy T. Stillings, Esq.
         Brandon W. Levitan, Esq.
         PROSKAUER ROSE LLP
         70 W. Madison St.
         Chicago, IL 60602-4342
         Telephone: (312) 962-3550
         Facsimile: (312) 962-3551

                      About The Budd Company

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

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

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

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

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

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

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


BUDD COMPANY: Says UAW Plan Objection Meritless, Premature
----------------------------------------------------------
The Budd Company is asking the U.S. Bankruptcy Court for the
Northern District of Illinois to approve the latest iteration of
the disclosure statement explaining its Chapter 11 Plan, over the
objections of the International Union, United Automobile, Aerospace
and Agricultural Implement Workers of America.

"UAW's arguments that the Plan is unconfirmable on its face are
meritless and, at best, premature.  Similarly, its
disclosure-related objections are either wrong or easily remedied.
The Disclosure Statement, as amended, should be approved," Brandon
W. Levitan, Esq., at Proskauer Rose LLP, said, in response to the
UAW's objections.

The Debtor notes that it has proposed a Plan that will provide all
Retirees, both non-union and UAW, with the opportunity to receive
health care benefits that are consistent with and substantially
similar to the benefits they are currently receiving under the
Debtor's existing healthcare plans, for what the Debtor projects
will be the remainder of the Retirees' respective lives.

According to the Debtors, the Plan and the settlement with parent
ThyssenKrupp North America, Inc. ("TKNA"), which was negotiated by
the Debtor (the sole fiduciary for the entire Estate) and the
Retiree Committee (the only Section 1114 authorized representative
made up of actual retirees) provide for a sufficient amount of cash
(together with the Debtor's current cash balance) to fund VEBAs for
the Retirees that will, with conservative investment returns,
provide sufficient funding for lifetime benefits.  The TKNA
Settlement Agreement therefore is a meaningful and defensible
recovery on the Estate's claims against TKNA and others that are
proposed to be released as part of the TKNA Settlement Agreement.

"The UAW appears to have a different agenda, one which explains its
decision not to meaningfully participate in the settlement
negotiations with TKNA.  For example, the UAW's pleadings suggest
that it wants to punish (and make an example of) TKNA and its
parent.  The UAW appears willing to risk the certainty of recovery
for UAW Retirees under the Plan in order to accomplish this goal.
In the Objection, the UAW fixates on the cost to TKNA and TKAG of
the settlement and the fact that TKNA will retain the ability to
receive the tax benefits on account of settlement payments made.
However, TKNA's and TKAG's rights and benefits are irrelevant to
any legitimate reorganization objective; it is the Debtor's rights
and benefits, and those that will flow to the Retirees under the
TKNA Settlement Agreement, that matter," Mr. Levitan tells the
Court.

The Debtor also responded to the objection filed by the Official
Committee of Asbestos Personal Injury Claimants.  The Asbestos
Committee claimed that the Disclosure Statement for the First
Amended Plan dated Nov. 19, 2015, failed to meet the very basic
requirement of to provide adequate information on three areas:

     (a) the description of the two Asbestos Funds;

     (b) the Debtor's continued existence for purposes of
         satisfying post-Effective Date Asbestos Claims; and

     (c) the potential value and nature of the Released Estate
         Claims and TKNA releases.

The Debtor said the amended Disclosure Statement filed Dec. 17,
2015, addresses each of these three areas.

In addition, the Debtor said that it is amenable to the changes
proposed by the Asbestos Committee to the voting procedures:

      -- the Debtor is willing to send the solicitation packages
         for asbestos claimants to counsel of record for the
         asbestos claimants, as opposed to sending such
         solicitation packages directly to the claimants; and

      -- the Debtor is willing to allow counsel for multiple
         asbestos claimants to file a single group ballot on
         behalf of their clients.

Judge Jack B. Schmetterer will convene a hearing on Jan. 8, 2016,
at 1:30 p.m. to consider approval of the Disclosure Statement and
proposed Plan Confirmation Procedures.

Counsel to The Budd Company:

         Jeff J. Marwil, Esq.
         Jeremy T. Stillings, Esq.
         Brandon W. Levitan, Esq.
         PROSKAUER ROSE LLP
         70 W. Madison St.
         Chicago, IL 60602-4342
         Telephone: (312) 962-3550
         Facsimile: (312) 962-3551

Counsel to Asbestos Committee:

         Joseph D. Frank, Esq.
         Reed Heiligman, Esq.
         FRANKGECKER LLP
         325 North LaSalle Street, Suite 625
         Chicago, IL 60654
         Telephone (312) 276-1400
         Facsimile (312) 269-0035
         E-mail: JFrank@fgllp.com
                 RHeiligman@fgllp.com

The UAW's attorneys:

         Lawrence B. Friedman, Esq.
         Lindsee P. Granfield, Esq.
         James L. Bromley, Esq.
         CLEARY GOTTLIEB STEEN & HAMILTON LLP
         One Liberty Plaza
         New York, NY 10006
         Telephone: (212) 225-2000
         Facsimile: (212) 225-3999
         E-mail: jbromley@cgsh.com

              - and -

         Scott R. Clar, Esq.
         CRANE, HEYMAN, SIMON, WELCH & CLAR
         135 South LaSalle Street, Suite 3705
         Chicago, IL 60603
         Telephone: (312) 641-6777
         Facsimile: (312) 641-7114
         E-mail: sclar@craneheyman.com

                      About The Budd Company

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

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

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

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

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

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

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


BUDD COMPANY: Second Omnibus Objection to 14 Claims Sustained
-------------------------------------------------------------
Judge Jack B. Schmetterer of the United States Bankruptcy Court for
the Northern District of Illinois, Eastern Division, sustained the
Second Omnibus Objection to Claims filed by The Budd Company, Inc.

On July 29, 2015, Budd filed Objections and Notice of Objections
joined in the Second Omnibus Objection to Claims, challenging
claims as insufficient for one of the following bases: (1) claim
was amended and superseded by subsequent filing; (2) claim is
duplicative of prior claim; (3) proof of claim filed is
insufficient to support validity of claim; or (4) proof of claim
form is improper for failure to use court-approved proof of claim
form for asbestos related claims.

The Second Omnibus Objection to Claims incorporates objections to
allowance of fourteen claims filed by separate claimants.  However,
one of these fourteen claims, Claim No. 208, has been withdrawn by
its claimant, Delaware's Department of Natural Resources and
Environmental Control.

Judge Schmetterer sustained Budd's objections to Claims No. 1, 29
and 2292 on the basis that each of these three claims has been
superseded by a subsequently filed, amended claim.  Claim 2292 of
William Buchanan was found to be amended and superseded by Claim
2293.  Claim 29 of Trenia Daniel was also found to be superseded by
Claim 2326.  Claim No. 1 filed by the Department of Treasury, IRS,
has been amended and superseded by Claim No. 2.

Judge Schmetterer also sustained Budd's objection to Claim 2277
filed by Waste Management Disposal Services of Pennsylvania as this
duplicates the previously filed Claim 2276.

Objections to claims lacking sufficient information to ascertain
basis of claim or amount were also sustained.  These were Claim No.
15 of Connie Altenbach, Claim No. 10 of Freddie Brasby, Claim No.
14 of Sheila Collins, Claim No. 11 of John Dusel, Claim No. 28 of
Leslie Joiner, Claim No. 9 of Pamela Oliver, and Claim No. 12 of
Keith Thompson.

Lastly, the last two objections concerning asbestos-related claims,
Claim No. 205 of George Reese and Claim No. 6 of Kevin Washington,
which were not filed in the court-approved Asbestos Proof of Claim
Form were also sustained, but with leave to refile in the
court-approved form within 35 days.

The case is In re: The Budd Company, Inc. Chapter 11, Debtor, Case
No. 14 B 11873 (Bankr. N.D. Ill.).

A full-text copy of Judge Schmetterer's December 16, 2015
memorandum opinion is available at http://is.gd/1EjbNXfrom
Leagle.com.

                 About The Budd Company

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

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

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

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

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

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

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

                           *     *     *

The Budd Company has filed a Chapter 11 plan that proposes to pay
off claims from cash on hand and the proceeds of a settlement with
parent ThyssenKrupp North America, Inc. ("TKNA").  Unsecured
creditors are expected to recover 67 cents on the dollar.


BUDD COMPANY: UAW Calls 2nd Amended Plan Illegal, Unconfirmable
---------------------------------------------------------------
The International Union, United Automobile, Aerospace and
Agricultural Implement Workers of America filed with the Bankruptcy
Court on Dec. 24, 2015, a motion for an order holding that the
Second Amended Chapter 11 Plan For The Budd Company, Inc., dated
Dec. 17, 2015, is illegal and unconfirmable as a matter of law.

The Court will consider the Motion at a hearing scheduled for Jan.
7, 2016 at 1:30 p.m. (CT).

On Nov. 19, 2015, the Debtor filed a First Amended Chapter 11 Plan
and a Disclosure Statement and a Motion For Entry Of An Order
Approving The Disclosure Statement And Plan Confirmation
Procedures.

On Dec. 11, 2015, the UAW objected to the DS Motion on numerous
grounds, including that the First Amended Disclosure Statement
should be rejected because the Debtor's First Amended Plan is
unconfirmable on its face.

On Dec. 17, 2015, the Debtor filed a Second Amended Plan and a
Disclosure Statement.  The Second Amended Disclosure Statement made
clear that the Second Amended Plan, like the First Amended Plan, is
unconfirmable on its face, according to UAW.

On Dec. 18, 2015, the Court held a hearing to discuss various
matters, including issues related to the procedure for considering
the Second Amended Disclosure Statement and deficiencies in the
Second Amended Plan.

According to UAW, in a colloquy with counsel to the UAW, the Court
was clear at the Dec. 18 hearing that if the UAW believes the
Debtor's Second Amended Plan is illegal and unconfirmable as a
matter of law, the Court would entertain a motion to consider those
legal arguments, in addition to the UAW's objections to the Second
Amended Disclosure Statement.

Accordingly, the UAW filed the motion seeking to hold the Second
Amended Plan illegal and unconfirmable for these reasons:

   A. The Second Amended Plan Is Illegal and Unconfirmable Because
It Does Not Provide For Claims Resulting From Sec. 1114 Benefit
Modifications.  The Bankruptcy Code is clear that, when dealing
with claims related to retiree benefits, retirees are entitled to a
bankruptcy claim for the value of any reductions in their benefits.
The Second Amended Plan, however, fails to account for any
bankruptcy claims that retirees may have on account of Sec. 1114
benefit reductions.

   B. The Second Amended Plan Is Illegal And Uncomfirmable Because
It Impermissibly Classifies Retiree Claims.  The Second Amended
Plan's failure to classify claims resulting from reduced benefits
raises two additional problems that make it illegal and
unconfirmable.   First, nothing in the Second Amended Plan or
Second Amended Disclosure Statement suggests that classification of
retirees is anything more than a pretext for justifying separate
classification under Sec. 1122(a).  Second, by placing the UAW
Retirees and the E&A Retirees in separate classes (and again, in an
improper manner, since the claims for both groups must be based on
the reduction in benefits), the Second Amended Plan cannot satisfy
Sec. 1129(a)(10) because it is nothing more than an impermissible
attempt to gerrymander votes.

   C. The Plan Cannot Satisfy Sec. 1114 and 1129(a)(13).  The UAW
Retiree benefits can only be modified pursuant to an agreement with
the UAW under Sec. 1114(e)(1)(B), or after a court-ordered
reduction in benefits under Sec. 1114(g).  Absent satisfying either
of these conditions, no plan of reorganization can satisfy Sec.
1129(a)(13), which requires the "plan [to] provide[] for the
continuation after its effective date of payment of all retiree
benefits, as that term is defined in 1114 of this title, at the
level established pursuant to subsection (e)(1)(B) or (g) of
section 1114 of this title, at any time prior to confirmation of
the plan, for the duration of the period the debtor has obligated
itself to provide such benefits," 11 U.S.C. Sec. 1129(a)(13).

   D. The Plan Cannot Satisfy Sec. 1129(a)(11).  The Second Amended
Plan is also illegal because it cannot satisfy Sec. 1129(a)(11), as
there is no assurance that TKNA -- the entity providing the
consideration to fund the Second Amended Plan -- will be able to
make the future payments under the TKNA Settlement Agreement.
Section 1129(a)(11) requires the court to find that "[c]onfirmation
of the plan is not likely to be followed by the liquidation, or the
need for further financial reorganization . . . unless such
liquidation or reorganization is proposed in the plan." See 11
U.S.C. Sec. 1129(a)(11).

The UAW requests that the Court find the Second Amended Plan
illegal in order to save the estate valuable resources in
proceeding with the Second Amended Plan that is clearly illegal,
and to avoid the substantial confusion that will be caused to
retirees if this process must be repeated.

The UAW's attorneys:

         Lawrence B. Friedman, Esq.
         Lindsee P. Granfield, Esq.
         James L. Bromley, Esq.
         CLEARY GOTTLIEB STEEN & HAMILTON LLP
         One Liberty Plaza
         New York, NY 10006
         Telephone: (212) 225-2000
         Facsimile: (212) 225-3999
         E-mail: jbromley@cgsh.com

              - and -

         Scott R. Clar, Esq.
         CRANE, HEYMAN, SIMON, WELCH & CLAR
         135 South LaSalle Street, Suite 3705
         Chicago, IL 60603
         Telephone: (312) 641-6777
         Facsimile: (312) 641-7114
         E-mail: sclar@craneheyman.com

                      About The Budd Company

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

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

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

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

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

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

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


CEASARS ENTERTAINMENT: Court Has Power to Halt Suits, 7th Cir. Says
-------------------------------------------------------------------
Stephanie Cumings, writing for Bloomberg Brief - Distress &
Bankruptcy, reported that a three-judge panel of the U.S. Court of
Appeals for the Seventh Circuit composed of Judge Richard Posner,
Judge Daniel Anthony Manion and Judge Diane S. Sykes has handed
down another twist in the "immensely complicated" bankruptcy of
Caesars Entertainment Operating Company Inc.

According to the report, Judge Richard Posner said the lower courts
got it wrong when they held that the bankruptcy court didn't have
the power to stay lawsuits in New York in Delaware where some $12
billion is at stake.  The report related that the circuit court
agreed with the Debtor, saying Section 105 of the Bankruptcy Code
gives bankruptcy courts "extensive equitable powers," including the
power to issue "any order, process, or judgment that is necessary
or appropriate to carry out the provisions of [the Bankruptcy
Code]."

The court said that if denying the injunction would "endanger the
success of the bankruptcy proceeding," then granting the injunction
would be appropriate to carrying
out the provisions of the Bankruptcy Code under Section 105, the
report further related.  The court said that the debtor and its
creditors have a "direct and substantial interest" in the lawsuits
the debtor wants to enjoin and that the misconduct alleged in those
cases "directly harms the debtor, and concerns transactions that
are closely related to, and sometimes overlapping with, those
challenged in the bankruptcy," the report added, citing the circuit
court.

The court therefore held that the bankruptcy court had the power to
stay the lawsuits, but didn't make any factual determination as to
whether issuing an injunction would be "appropriate" under Section
105 and remanded that issue for the bankruptcy court to decide, the
report said.

John C. O'Quinn of Kirkland & Ellis LLP, Washington, represented
the debtor.

Andrew Silfen of Arent Fox LLP, New York, James O. Johnston and
Joshua M. Mester of Jones Day, Los Angeles, Morgan Reid Hirst,
Brian J. Murray, and Michael Zuckerman of Jones Day, Chicago,
Edmund S. Aronowitz of Grant & Eisenhofer, Chicago, Gordon Zachary
Novod of Grant & Eisenhofer, Los Angeles, James H. Millar of
Drinker Biddle & Reath LLP, New York, Timothy R. Casey of Drinker
Biddle & Reath LLP, Chicago, and Kristin K. Going of Drinker Biddle
& Reath LLP, Washington, represented the appellees.

                   About Caesars Entertainment

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

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

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

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

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

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

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

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

On Feb. 5, 2015, U.S. Trustee Patrick Layng appointed nine
creditors to the Debtors' official committee of unsecured
creditors.  Two of these creditors -- the Board of Levee
Commissioners for the Yazoo Mississippi Delta and MeehanCombs
Global Credit Opportunities Master Fund LP -- resigned from the
committee following their appointment.  They were replaced by the
National Retirement Fund and Relative Value-Long/Short Debt, a
Series of Underlying Funds Trust.


CORNHUSKER RBM: Court Awards $9.6K Judgment Against Advantage MRI
-----------------------------------------------------------------
Judge Jack Schmetterer of the United States Bankruptcy Court for
the Northern District of Illinois, Eastern Division, awarded
judgment against Advantage MRI, LLC, in the amount of $9,600.

On June 26, 2015, Joji Takada, not individually, but solely as
Chapter 7 Trustee for the bankruptcy estate of Diagnostic P.E.T.
Network, LLC, sought to avoid and recover $9,600.00 in payments
made by the debtor to Advantage MRI within 90 days prior to the
date of filing of the bankruptcy petition.  The payments were made
on account of antecedent debts to Advantage MRI.

Judge Schmetterer found that the payments constituted transfers as
defined by Section 101(54) of the Bankruptcy Code and are avoidable
by the Trustee, pursuant to Section 547(b).  The judge also
concluded that, pursuant to Section 550(a)(1), the Trustee may
recover the value of the property avoided.

The adversary case is Joji Takada, not individually, but as Chapter
7 Trustee of the bankruptcy estate of Diagnostic P.E.T. Network,
LLC Plaintiff, v. Advantage MRI, LLC, Defendant, Adversary No. 15 A
00433 (Bankr. N.D. Ill.).

The bankruptcy case is In re: CORNHUSKER RBM, LLC, et al., Chapter
7, Debtors, Case No. 13 B 26443 (Jointly Administered)(Bankr. N.D.
Ill.).

A full-text copy of Judge Schmetterer's December 14, 2015 findings
of fact and conclusions of law is available at http://is.gd/WuxWQC
from Leagle.com.

Joji Takada, as Chapter 7 Trustee of the bankruptcy estate of
Diagnostic P.E.T. Network, LLC is represented by:

          Daniel P. Dawson, Esq.
          NISEN & ELLIOTT, LLC
          200 West Adams Street Suite 2500
          Chicago, IL 60606
          Tel: (312)346-7800
          Email: ddawson@nisen.com

Cornhusker RBM, LLC, sought protection under Chapter 11 of the
Bankruptcy Code on June 23, 2013 (Bankr. N.D. Ill., Case No.
13-26443).  The case is assigned to Judge Jack B. Schmetterer.
The
Debtors' counsel are Paul M. Bauch, Esq., Kenneth A. Michaels,
Jr.,
Esq., and Carolina Y. Sales, Esq., at Bauch & Michaels LLC, in
Chicago, Illinois.


COUDERT BROTHERS: 2nd Circuit Again Revives $85M Statek's Claim
---------------------------------------------------------------
Pete Brush at Bankruptcy Law360 reported that the Second Circuit
has breathed new life into Statek Corp.'s Chapter 11 claim against
the remains of Coudert Brothers LLP stemming from its $85 million
malpractice suit lodged against the now-defunct law firm, finding
that its initial order directing a bankruptcy judge to revive the
claim was improperly brushed aside.

A three-judge panel on Dec. 29 reinstated the quartz crystal
maker's bid to recover from Coudert bankruptcy plan administrator
Development Specialists Inc.

The Second Circuit first revived Statek's claim in 2012.

                      About Coudert Brothers

Coudert Brothers LLP was an international law firm specializing in
complex cross-border transactions and dispute resolution.  The
firm had operations in Australia and China.  Coudert filed for
Chapter 11 protection (Bankr. S.D.N.Y. Case No. 06-12226) on
Sept. 22, 2006.  John E. Jureller, Jr., Esq., and Tracy L.
Klestadt, Esq., at Klestadt & Winters, LLP, represented the Debtor
in its restructuring efforts.  Brian F. Moore, Esq., and David J.
Adler, Esq., at McCarter & English, LLP, represented the Official
Committee of Unsecured Creditors.  Coudert scheduled total assets
of $30.0 million and total debts of $18.3 million as of the
Petition Date.  The Bankruptcy Court in August 2008 signed an
order confirming Coudert's chapter 11 plan.  The Plan contemplated
on paying 39% to unsecured creditors with $26 million in claims.

Coudert has been succeeded by Development Specialists, Inc. in its
capacity as Plan Administrator under the confirmed chapter 11
plan.


COVENANT PROPERTY: Files for Chapter 11 Bankruptcy Protection
-------------------------------------------------------------
Covenant Property Management LLC filed for Chapter 11 bankruptcy
protection (Bankr. D.C. Case No.  15-00674) on  Dec. 23, 2015,
estimating its assets at up to $50,000 and its liabilities at
between $50,001 and $100,000.

Brent C. Strickland, Esq., at Whiteford, Taylor, & Preston L.L.P.
serves as the Company's bankruptcy counsel.

The deadline for the filing of the Company's Chapter 11 plan and
accompanying disclosure statement is June 20, 2016.  Proofs of
claim are also due by June 20, 2016.  

Covenant Property Management LLC is headquartered in Fort
Washington, Maryland.


CRM HOLDINGS: Ex-Directors Want Insurers Pay Coverage Costs
-----------------------------------------------------------
Steven Trader at Bankruptcy Law360 reported that a group of former
directors and officers of Majestic Insurance Co. and its now
defunct former holding company asked the Supreme Court of New York
on Dec. 16, 2015, to find that two of the former companies'
insurers owe coverage from claims unrelated to that previous
bankruptcy.

Seven former officers and directors of Majestic USA Holdings, a
subsidiary of Majestic Capital Ltd., who were accused of unfair
business dealings in 2011 and subsequently denied coverage by their
insurers.

                      About Majestic Capital

Headquartered in Poughkeepsie, New York City, Majestic Capital,
Ltd., formerly known as CRM Holdings Ltd., has two wholly owned
subsidiaries, Majestic USA and Twin Bridges, a Bermuda-based
reinsurance company.  Twin Bridges and Majestic Insurance, a
downstream subsidiary of Majestic USA are the two principal
insurance companies.

The Company filed for Chapter 11 protection (Bankr. S.D.N.Y. Case
No. 11-36225) on April 29, 2011.

Affiliates also sought Chapter 11 protection (Bankr. S.D.N.Y. Case
Nos. 11-36221 thru 11-36234) on April 29, 2011.   The Debtors have
tapped Murphy & King, P.C. as their general bankruptcy counsel and
Genova & Malin as their local counsel.  The Debtors tapped
Michelman & Robinson, LLP, as special counsel, and Day Seckler,
LLP, as accountants and financial advisors.  The Debtor disclosed
$436,191,000 in assets and $421,757,000 in liabilities as of
Dec. 31, 2010.

Bruce F. Smith, Esq., and Steven C. Reingold, Esq., at Jager Smith
P.C., serve as counsel to the Official Committee of Unsecured
Creditors.  J.H. Cohn LLP is the financial advisor.

As reported by the Troubled Company Reporter on May 1, 2012, the
Court confirmed its First Amended Chapter 11 Plan which was
designed to (i) facilitate the orderly wind-down of the Debtors and
their two non-debtor insurance company affiliates, (ii) facilitate
the resolution of more than 2000 claims filed against the Debtors
in an orderly and expeditious format and to (iii) provide an
effective mechanism for the distribution of the Debtors assets to
holders of allowed claims.


CUMULUS MEDIA: Prepays Portion of $1.9B Term Loan Facility
----------------------------------------------------------
Cumulus Media Inc. announced it has completed a discounted
prepayment of a portion of its $1.9 billion senior secured term
loan facility due December 2020.

The Company successfully purchased $64.9 million of face value of
its senior secured term loan for $50 million, a discount to par
value of 23%.  The transaction closed on Dec. 31, 2015.

The Company will recognize a one-time non-operating gain of
approximately $14.9 million in its fourth quarter earnings as a
result of the transaction.  Further, the Company will benefit from
$2.75 million of reduced annual interest expense resulting from the
transaction.

J.P. Morgan Securities acted as sole advisor to the Company
regarding this transaction.

                       About Cumulus Media

Cumulus Media Inc. (CMLS) combines high-quality local programming
with iconic, nationally syndicated media, sports and entertainment
brands in order to deliver premium choices for listeners, provide
substantial reach for advertisers and create opportunities for
shareholders.  As the largest pure-play radio broadcaster in the
United States, Cumulus provides exclusive content that is fully
distributed through approximately 460 owned-and-operated stations
in 90 U.S. media markets (including eight of the top 10), more
than 10,000 broadcast radio affiliates and numerous digital
channels.  Cumulus is well-positioned in the widening digital
audio space through a significant stake in the Rdio digital music
service, featuring 30 million songs on-demand in addition to
custom playlists and exclusive curated channels.  Cumulus is also
the leading provider of country music and lifestyle content
through its NASH brand, which will serve country fans through
radio programming, NASH magazine, concerts, licensed products and
television/video. For more information, visit www.cumulus.com

Cumulus Media put AR Broadcasting Holdings Inc. and three other
units to Chapter 11 protection (Bankr. D. Del. Lead Case No.
11-13674) in 2011 after struggling to pay off debts that topped
$97 million as of June 30, 2011.

As of Sept. 30, 2015, the Company had $3.12 billion in total
assets, $3.10 billion in total liabilities and $19.6 million in
total stockholders' equity.

                         Bankruptcy Warning

"The lenders under the Credit Agreement have taken security
interests in substantially all of our consolidated assets, and we
have pledged the stock of certain of our subsidiaries to secure the
debt under the Credit Agreement.  If the lenders accelerate the
required repayment of borrowings, we may be forced to liquidate
certain assets to repay all or part of such borrowings, and we
cannot assure you that sufficient assets will remain after we have
paid all of the borrowings under such Credit Agreement.  If we were
unable to repay those amounts, the lenders could proceed against
the collateral granted to them to secure that indebtedness and we
could be forced into bankruptcy or liquidation.  Our ability to
liquidate assets could also be affected by the regulatory
restrictions associated with radio stations, including FCC
licensing, which may make the market for these assets less liquid
and increase the chances that these assets would be liquidated at a
significant loss.  Any requirement for us to liquidate assets would
likely have a material adverse effect on our business," the Company
said in its annual report for the year ended Dec. 31, 2014.

                           *     *     *

Standard & Poor's Ratings Services, in September 2014, revised its
rating outlook on Atlanta, Ga.-based Cumulus Media to stable from
positive.  S&P also affirmed its 'B' corporate credit and existing
debt ratings on the company.

As reported by the TCR on Sept. 17, 2015, Moody's Investors Service
downgraded Cumulus Media Inc.'s Corporate Family Rating to B3 from
B2.  Cumulus' B3 Corporate Family Rating reflects Moody's
expectation that debt-to-EBITDA will remain elevated and in the mid
to high 8x through FYE2015 (including Moody's standard adjustments)
due to continued revenue declines in core ad sales and network
revenue as well as the absence of political ad spending in 2015, an
odd numbered year.


DOMUM LOCIS: Gets Approval to Obtain Unsecured Loan to Pay UST
--------------------------------------------------------------
A bankruptcy judge allowed Domum Locis LLC to get unsecured loan
from its managing member to pay the U.S. trustee's quarterly fees.

U.S. Bankruptcy Judge Robert Kwan signed off on an order
authorizing the company to borrow $1,625 per quarter from Michael
Kilroy to pay the fees of the U.S. trustee, the Justice
Department's bankruptcy watchdog.

In exchange for the loan, Mr. Kilroy will get an "administrative
priority expense claim," according to court filings.

                        About Domum Locis

Domum Locis LLC owns real properties more commonly known and
described as (i) the "Strand Property" located at 1614-1618 The
Strand, Hermosa Beach, California, (ii) the "North Flores
Property," located at 1308 N. Flores Street, West Hollywood,
California, and (iii) the "Vista Chino Property," located at 424 W.
Vista Chino, Palm Springs, California.

Domum Locis LLC filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Cal. Case No. 14-23301) on July 11, 2014.  Judge Robert N. Kwan
presides over the case.  Michael J. Kilroy, the managing member,
signed the petition.

On April 13, 2015, Mr. Kilroy commenced his bankruptcy case by
filing a voluntary petition under chapter 11 of the Bankruptcy
Code.  Kilroy owns three real property assets and interests in
several partnerships and limited liability companies that, in turn,
own real estate.  More specifically, Kilroy owns these real
properties, all of which are subject to liens held by Lloyds: (i)
the "2175 Southridge Drive Property" in Palm Springs, comprised of
two parcels with one house on it; (ii) the "2203 Southridge Drive
Property" in Palm Springs, comprised of one parcel with one house
on it and an adjacent second parcel that is a vacant lot; and (iii)
the "2212 Southridge Drive Property" in Palm Springs, comprised of
one parcel with one house on it and an adjacent second parcel that
is a vacant lot.

Domum Locis tapped Cypress LLP as general bankruptcy counsel.

Domum Locis reported $14.6 million in assets and $11.04 million in
liabilities.


DOMUM LOCIS: Resolves Dispute With Lloyds Over Calif. Properties
----------------------------------------------------------------
Domum Locis LLC received court approval for a deal that would
resolve its dispute with Lloyds TSB Bank, plc over certain
properties owned by the company.

The company owns real properties located in Hermosa Beach, West
Hollywood, and Palm Springs, California.  The properties were used
as collateral for the $9.24 million loan extended by the bank to
Domum Locis' managing member Michael Joseph Kilroy.

The deal, approved by U.S. Bankruptcy Judge Robert Kwan, fixes the
amount of Lloyds' six secured claims against the properties in
California and three other properties.  The bank will also get a
$1.5 million general unsecured claim for its attorneys' fees and
costs.

The company has until April 29, 2016, to pay the bank's secured
claims, according to court filings.

The deal also allows Domum Locis and its managing member to take
control of the properties, which have been managed by a
court-appointed receiver since the company filed for bankruptcy
protection.

                        About Domum Locis

Domum Locis LLC owns real properties more commonly known and
described as (i) the "Strand Property" located at 1614-1618 The
Strand, Hermosa Beach, California, (ii) the "North Flores
Property," located at 1308 N. Flores Street, West Hollywood,
California, and (iii) the "Vista Chino Property," located at 424 W.
Vista Chino, Palm Springs, California.

Domum Locis LLC filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Cal. Case No. 14-23301) on July 11, 2014.  Judge Robert N. Kwan
presides over the case.  Michael J. Kilroy, the managing member,
signed the petition.

On April 13, 2015, Mr. Kilroy commenced his bankruptcy case by
filing a voluntary petition under chapter 11 of the Bankruptcy
Code.  Kilroy owns three real property assets and interests in
several partnerships and limited liability companies that, in turn,
own real estate.  More specifically, Kilroy owns these real
properties, all of which are subject to liens held by Lloyds: (i)
the "2175 Southridge Drive Property" in Palm Springs, comprised of
two parcels with one house on it; (ii) the "2203 Southridge Drive
Property" in Palm Springs, comprised of one parcel with one house
on it and an adjacent second parcel that is a vacant lot; and (iii)
the "2212 Southridge Drive Property" in Palm Springs, comprised of
one parcel with one house on it and an adjacent second parcel that
is a vacant lot.

Domum Locis tapped Cypress LLP as general bankruptcy counsel.

Domum Locis reported $14.6 million in assets and $11.04 million in
liabilities.


EMMAUS LIFE: Has $40M Subscription Agreement with Korea Bio
-----------------------------------------------------------
Emmaus Life Sciences, Inc., entered into a subscription agreement
with Korea Bio Medical Science Institute, pursuant to which the
Purchaser agreed to purchase the Company's common stock, par value
$0.001 per share, for an initial aggregate principal amount of
approximately $1.7 million at a price of $4.50 per share.  Under
the Subscription Agreement, the Company may issue up to an
additional $38.3 million of Shares at a purchase price of $4.50 per
share on or prior to April 6, 2016.

                    2013 Subscription Agreement

Pursuant to the terms of a subscription agreement, dated as of
Sept. 11, 2013, between the Company and the accredited investors
parties thereto, each of the purchasers of units consisting of
Shares and warrants to purchase Shares under the 2013 Subscription
Agreement is entitled to participation rights with respect to the
issuance of the Notes pursuant to the terms of the 2013
Subscription Agreement.  The Participation Rights entitle each Unit
Purchaser to purchase a percentage of the total Shares issued equal
to such Unit Purchaser's pro rata share of the outstanding Shares
on a fully-diluted basis.  If any Unit Purchaser exercises its
Participation Rights, the Company will be contractually obligated
to issue additional Shares in accordance with the terms of the
Participation Rights on the terms set forth in the Subscription
Agreement.  There can be no assurance that any Unit Purchaser will
exercise their Participation Rights or that any Shares will be
issued to any Unit Purchasers.

                 Research Agreement with CellSeed

On Dec. 29, 2015, the Company and CellSeed, Inc. terminated that
certain Joint Research and Development Agreement dated as of
April 8, 2011, as well as that certain Individual Agreement dated
as of April 8, 2011.  Pursuant to the Individual Agreement,
CellSeed granted the Company the exclusive right to manufacture,
sell, market and distribute Cultured Autologous Oral Mucosal
Epithelial Cell Sheet, or CAOMECS, for the treatment of corneal
impairments in the United States, which we would be able to
exercise only after receiving FDA marketing approval for the
product, and agreed to disclose to the Company its accumulated
information package for the joint development of CAOMECS.  Under
the Individual Agreement, the Company agreed to pay CellSeed $1.5
million, which it paid in February 2012.  The technology acquired
under the Individual Agreement is being used to support an ongoing
research and development project.

Pursuant to the Research Agreement, the Company and CellSeed formed
a relationship regarding the future research and development of
cell sheet engineering regenerative medicine products, and the
future commercialization of such products.  Under the Research
Agreement, as supplemented by the addendum, the Company agreed to
pay CellSeed $8.5 million within 30 days of the completion of all
of the following: (i) the execution of the Research Agreement; (ii)
the execution of the Individual Agreement; and (iii) CellSeed's
delivery of the accumulated information package, as defined in the
Research Agreement, to the Company and the Company providing
written confirmation of its acceptance of the complete Package,
which had not been completed as of the date of termination of the
Research Agreement.  The Company no longer has an obligation to pay
the $8.5 million or any other amount under this terminated
agreement.

The Company also owns a minority interest of less than 1% in
CellSeed.

                      About Emmaus Life

Emmaus Life Sciences, Inc., is engaged in the discovery,
development, and commercialization of treatments and therapies
primarily for rare and orphan diseases.  This biopharmaceutical
company's headquarters is in Torrance, California.

Emmaus Life reported a net loss of $20.8 million on $500,700 of net
revenues for the year ended Dec. 31, 2014, compared to a net loss
of $14.06 million on $391,000 of net revenues for the year ended
Dec. 31, 2013.

As of March 31, 2015, the Company had $2.2 million in total assets,
$24.3 million in total liabilities and a $22.1 million total
stockholders' deficit.

KPMG LLP, in San Diego, California, issued a "going Concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that the
Company has suffered recurring losses from operations, has
significant amounts of debt due within a year, and has a net
capital deficiency that raise substantial doubt about its ability
to continue as a going concern.


EMPIRE RESORTS: Commences $290 Million Rights Offering
------------------------------------------------------
Empire Resorts, Inc., has commenced a rights offering for
approximate gross proceeds of $290,000,000.  Empire has granted, at
no charge to the holders of record of its common stock and Series B
Preferred Stock as of 5:00 p.m., New York City time, on Jan. 4,
2016, the record date for the rights offering, one transferable
subscription right for each 0.4748644 shares of common stock owned,
or into which the Series B Preferred Stock is convertible, as more
fully described in the prospectus supplement relating to the rights
offering.  Each subscription right entitles the holder to purchase
one share of common stock at a subscription price of $14.40 per
share.  In addition, holders of subscription rights who fully
exercise their basic subscription rights are entitled to
oversubscribe for additional shares of common stock up to the
number of shares purchased pursuant to the exercise of their basic
subscription rights.

The subscription offering is expected to expire at 5:00 p.m., New
York City time, on Feb. 10, 2016, subject to extension or earlier
termination.  The Company will not issue subscription rights to
acquire fractional shares of its common stock but rather will round
down the aggregate number of shares for which holders may subscribe
to the nearest whole share.

The subscription rights have been approved for listing on The
Nasdaq Stock Market under the symbol "NYNYR" (CUSIP No. 292052123).
The subscription rights are expected to begin trading on the
Nasdaq Global Market on Jan. 5, 2016, with such listing to continue
until 4.00 p.m., New York City time, on Feb. 5, 2016, unless the
rights offering is earlier terminated or extended.  As a result of
"due bill" trading procedures, the Company expects that the shares
of the Company's common stock will trade with an entitlement to
subscription rights until an ex-dividend date has been established
by Nasdaq.  The Company cannot assure that a market for the
subscription rights will develop or, if a market does develop, of
the prices at which the subscription rights will trade or whether
such market will be sustainable throughout the period when the
securities are transferable.

The Company has entered into a standby purchase agreement with Kien
Huat Realty III Limited, the Company's largest stockholder, whereby
Kien Huat agreed (i) to exercise its basic subscription rights to
acquire approximately $30 million of our common stock within 10
days of the commencement of the rights offering with a closing
proximate thereto and (ii) to exercise the remainder of its basic
subscription rights prior to the expiration date of this rights
offering.  In addition, Kien Huat has agreed that it will exercise
all rights not otherwise exercised by the other holders in the
rights offering, which we refer to as the standby purchase, upon
the same terms as the other holders.  The Company will pay Kien
Huat a backstop fee of $1,450,000 pursuant to the standby purchase
agreement.  In addition, the Company will reimburse Kien Huat for
its expenses related to the standby purchase agreement in an amount
not to exceed $50,000.  The consummation of the transactions
contemplated by the standby purchase agreement is subject to
customary closing conditions.

The net proceeds of the offering will be used for the expenses
relating to (i) development of the Montreign Resort Casino, to be
located at the site of Adelaar, a four-season destination resort
planned for The Town of Thompson in Sullivan County, New York, (ii)
redemption of outstanding shares of Series E Preferred Stock of the
Company pursuant to an existing settlement agreement and (iii)
development of the golf course and entertainment village that are
part of the initial phase of Adelaar and for the Company's working
capital purposes.

Shareholders who hold their shares directly will receive a
prospectus, together with a letter from the Company describing the
rights offering, a subscription rights certificate and an IRS Form
W-9.  Shareholders who want to exercise their rights should review
all materials, properly complete and execute the subscription
rights certificate and deliver it and payment in full to the
subscription agent:

     Continental Stock Transfer & Trust Company
     17 Battery Place, 8th Floor
     New York, NY 10004
     Attn: Corporate Actions Department
     Telephone Number for Confirmation: (917) 262-2378

Holders of subscription rights whose shares are held in street name
through a broker, custodian bank or other nominee must instruct
their broker, custodian bank or nominee whether or not to exercise
subscription rights on their behalf.  Shareholders who want to
obtain a separate subscription rights certificate should promptly
contact their broker, custodian bank or other nominee with that
request, although it is not necessary to have a physical
subscription rights certificate to elect to exercise rights if
shares are held in street name.

A copy of the prospectus or further information with respect to the
rights offering may be obtained by contacting Morrow & Co., LLC,
the Information Agent.  Stockholders may contact Morrow & Co., LLC
by telephone at (855) 201-1081 and banks and brokerage firms by
telephone at (203) 658-9400.  Morrow & Co., LLC may also be reached
by email at empire.info@morrowco.com.

                     About Empire Resorts

Based in Monticello, New York, Empire Resorts, Inc. (NASDAQ: NYNY)
-- http://www.empireresorts.com/-- owns and operates Monticello
Casino & Raceway, a video gaming machine and harness racing track
and casino located in Monticello, New York, 90 miles northwest of
New York City.

Empire Resorts reported a net loss applicable to common shares of
$24.1 million on $65.2 million of net revenues for the year ended
Dec. 31, 2014, compared to a net loss applicable to common shares
of $27.05 million on $70.96 million of net revenues in 2013.

As of Sept. 30, 2015, the Company had $73.4 million in total
assets, $63.4 million in total liabilities and $10 million in total
stockholders' equity.


ENERY FUTURE: Judge Won't OK Unmanifested Asbestos Claims Class
---------------------------------------------------------------
Matt Chiappardi at Bankruptcy Law360 reported that the Delaware
bankruptcy judge presiding over the Energy Future Holdings Corp.
case declined on Dec. 16, 2015, to certify a class of claimants who
were exposed to asbestos but have not yet shown any sign of illness
or disease, ruling the move would be "unprecedented" and
essentially undo his bar date order.

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a Portfolio
of competitive and regulated energy businesses in Texas.

Oncor, an 80 percent-owned entity within the EFH group, is the
largest regulated transmission and distribution utility in Texas.

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

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

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

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

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

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

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

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


EVAN ROSENFELD: Bid to Dismiss Whitaker Suit Granted
----------------------------------------------------
Judge Michael E. Wiles of the United States Bankruptcy Court for
the Southern District of New York granted the motion filed by Evan
Rosenfeld to dismiss Whitaker Securities LLC's nondischargeability
complaint.  The motion was granted without prejudice to Whitaker's
right to file a revised complaint.

Whitaker filed a complaint claiming it suffered losses because
Rosenfeld, who was previously employed by Whitaker as a retail
broker, made unsuitable and unauthorized securities trades for
customers.  Whitaker argued that its claims to recover the losses
from Rosenfeld are excepted from discharge in Rosenfeld's chapter 7
case.  Rosenfeld moved to dismiss the complaint.

Judge Wiles held that Whitaker's claim for indemnification by
Rosenfeld for amounts paid to settle its vicarious liability to the
customers should be excepted from discharge.  The judge also held
that the fact that Whitaker settled the customers' claims does not
bar Whitaker from seeking indemnification from Rosenfeld as a
matter of New York law, nor does it constitute "collateral
estoppel" as to the claims against Rosenfeld.

Judge Wiles, however, held that Whitaker's claims are excepted from
discharge only to the limited extent that they are based on
particular legal theories that are identified in section 523 of the
Bankruptcy Code, the elements of which need to be alleged in
Whitaker's pleadings.  The judge found that Whitaker failed to
allege such facts in its pleadings.  As such, Judge Wiles granted
the motion to dismiss, but without prejudice to the right of
Whitaker to file an amended complaint.

The adversary proceeding is WHITAKER SECURITIES, LLC, Plaintiff, v.
EVAN ROSENFELD, Defendant, Adv. Proc. No. 14-02251 (MEW) (Bankr.
S.D.N.Y.).

The bankruptcy case is In re: EVAN ROSENFELD, Chapter 11 Debtor,
Case No. 14-11347 (MEW)(Bankr. S.D.N.Y.).

A full-text copy of Judge Wile's December 16, 2015 order is
available at http://is.gd/f07r7ofrom Leagle.com.

Whitaker Securities LLC is represented by:

          Scott C Pyfer, Esq.
          LINDABURY, MCCORMICK, ESTABROOK & COOPER, P.C.
          53 Cardinal Dr, P.O. Box 2369
          Westfield, NJ 07090
          Tel: (908)233-6800
          Fax: (908)233-5078
          Email: spyfer@lindabury.com

Evan Rosenfeld is represented by:

          Glenn R. Meyers, Esq.
          THE MEYERS LAW FIRM
          4435 Main Street Suite 503
          Kansas City, MO 64111
          Tel: (816)444-8500
          Fax: (816)444-8508


FINJAN HOLDINGS: Grants Multi-Million Dollar License
----------------------------------------------------
Finjan Holdings, Inc., disclosed that on Dec. 30, 2015, its
wholly-owned subsidiary, Finjan, Inc., entered into a multi-million
dollar Patent License, Settlement and Release Agreement, with
another US-based network security company.  

The Licensee (i) licenses from Finjan a worldwide, nonexclusive,
irrevocable license under the identified Finjan patents and
related patent rights to use, make, have made, sell, offer to sell,
import and otherwise dispose of any and all Licensee products or
services, alone or in combination with other Licensee products and
services, and (ii) has agreed to pay Finjan $3.65 million in cash
as follows: (A) $1.0 million on Dec. 31, 2015, (B) $1.65 million on
or before July 1, 2016, and (C) $1.0 million on or before September
30, 2016. Such license does not grant Licensee any right to
transfer, sublicense or grant any rights under the License
Agreement to a third party except as specifically provided under
the License Agreement.  Such license also has certain limitations
relating to products of any company acquired by Licensee or its
affiliates or an acquiring company of Licensee.

"This Patent License Agreement is one more milestone in Finjan's
licensing program as we closed 2015 with a successful, amicable,
business-negotiated patent license agreement consistent with our
Licensing Best Practices," said Julie Mar-Spinola, Finjan Holding's
CIPO and VP, Legal.  "This is the second license to the Finjan
portfolio in as many months.  While many see strong headwinds in
the intellectual property licensing space, in contrast we are
seeing momentum in our licensing program entering into 2016.  It is
reassuring to see that we are able to enter into licensing
agreements without always resorting to costly and inefficient
litigation."

                            About Finjan

Finjan, formerly known as Converted Organics, is a leading online
security and technology company which owns a portfolio of patents,
related to software that proactively detects malicious code and
thereby protects end-users from identity and data theft, spyware,
malware, phishing, trojans and other online threats.  Founded in
1997, Finjan is one of the first companies to develop and patent
technology and software that is capable of detecting previously
unknown and emerging threats on a real-time, behavior-based basis,
in contrast to signature-based methods of intercepting only known
threats to computers, which were previously standard in the online
security industry.

Finjan reported a net loss of $10.47 million in 2014 following a
net loss of $6.07 million in 2013.

As of Sept. 30, 2015, the Company had $9.93 million in total
assets, $2.66 million in total liabilities and $7.27 million in
total stockholders' equity.


FOREST PARK: Tries to Block Lender's Possible Foreclosure Move
--------------------------------------------------------------
FPMC San Antonio LP, on Dec. 31, 2015, asked the U.S. Bankruptcy
Court to issue an order that would prevent lender Texas Capital
Bank from making a move to foreclose on the Forest Park Medical
Center hospital building, court documents say.

Patrick Danner at San Antonio Express-News relates that the
Bankruptcy Court will hold a hearing on Jan. 7, 2015, to consider
the request.

Express-News reports that Texas Capital Bank, which entered into a
financing agreement with the Company after filing for bankruptcy,
notified the Company that it had defaulted on the terms of the
financing agreement for failing to have a buyer in place by a Dec.
20, 2015 deadline.

The Company said in the court filing that it conducted "an
expedited sale process imposed by (Texas Capital Bank) in a market
complicated by the realities of the industry in which the Property
was marketed, rendered more difficult by the year-end holiday
season."

Express-News recalls that the Company turned down multiple offers
to serve as the stalking-horse bid and proceeded with an auction.
According to court documents, all of the offers for the building
were forwarded on to Texas Capital Bank along with the selection of
the winning bidder on Dec. 18, 2015.

Raymond Battaglia, the attorney for the Company, declined to name
the high bidder or the amount of its offer, Express-News says.

According to Express-News, the Company said that it sought approval
of the sale from Texas Capital Bank, but the bank neither accepted
nor rejected the offer, and instead notified the Company on the
default.  Mr. Battaglia said he didn't know why the bank hasn't
responded to the offer from the high bidder, Express-News reports.

                        About FPMC San Antonio

FPMC San Antonio Realty Partners, LP sought Chapter 11 bankruptcy
protection (Bankr. W.D. Tex. Case No. 15-52462) on Oct. 6, 2015.
The petition was signed by Mary Hatcher as manager, NRG San Antonio
Dev. LLC, G.P of Debtor.  The Debtor estimated assets of in the
range of $100 million to $500 million and liabilities of at least
$50 million.

The Law Offices of Ray Battaglia, PLLC represents the Debtor as
counsel.  Judge Craig A. Gargotta is assigned to the case.


FPMC AUSTIN: Case Summary & 12 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: FPMC Austin Realty Partners, LP
        3030 Olive Street, Suite 220
        Dallas, TX 75219

Case No.: 16-10020

Chapter 11 Petition Date: January 5, 2016

Court: United States Bankruptcy Court
       Western District of Texas (Austin)

Judge: Hon. Tony M. Davis

Debtor's Counsel: Raymond W. Battaglia, Esq.
                  LAW OFFICES OF RAY BATTAGLIA, PLLC
                  66 Granburg Circle
                  San Antonio, TX 78218
                  Tel: 210.601.9405
                  Email: rbattaglialaw@outlook.com

Estimated Assets: $100 million to $500 million

Estimated Debts: $50 million to $100 million

The petition was signed by Mary Hatcher, Manager, NRG Austin Dev.
LLC, its general partner.

List of Debtor's 12 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
AP Gulf States, Inc.               Purchase Money        $217,631

Neal Richards Group, LLC           Purchase Money        $167,542

NRG Brokerage, LLC                 Purchase Money         $82,633

City of Austin Utilities           Purchase Money         $14,609

Cirro Energy                       Purchase Money          $9,908

Clean Scapes LP                    Purchase Money          $6,078

Chubb & Son                        Purchase Money          $5,048

Andeler Corporation                Purchase Money          $4,551

LaFrontera POA                     Purchase Money          $4,500

Commercial Protective              Purchase Money          $2,800
Services, Inc.

Bryant Burton Kupcunas             Purchase Money             $52

Williamson County Tax Office           Taxes                   $0


FPMC AUSTIN: Section 341 Meeting Set for Feb. 9
-----------------------------------------------
A meeting of creditors in the bankruptcy case of FPMC Austin Realty
Partners, LP will be held on Feb. 9, 2016, at 1:00 p.m. at Austin
Room 1500.  

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

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

                          About FPMC Austin

FPMC Austin Realty Partners, LP filed a Chapter 11 bankruptcy
petition (Bankr. W.D. Tex. Case No. 16-10020) on Jan. 5, 2016.
The petition was signed by Mary Hatcher as manager of NRG Austin
Dev. LLC, its general partner.  The Debtor estimated assets of $100
million to $500 million and liabilities of $50 million to $100
million.  The Law Offices of Ray Battaglia, PLLC serves as the
Debtor's counsel.  Judge Tony M. Davis has been assigned the case.

Proofs of claim are due by May 9, 2016.


GARLOCK SEALING: Court Postpones Plan Confirmation Hearing
----------------------------------------------------------
EnPro Industries, Inc. on Jan. 6 disclosed that its Garlock Sealing
Technologies (GST) subsidiary has agreed with the court-appointed
legal representative of future asbestos claimants (the FCR) and the
official committee representing current asbestos claimants (the
Current Claimants' Committee) in GST's Asbestos Claims Resolution
Process (ACRP) pending in the U.S. Bankruptcy Court for the Western
District of North Carolina to postpone until late February 2016 the
hearing in the ACRP originally scheduled to be held on January 6,
2016 and to request similar deferrals of other calendared events in
the ACRP, including the confirmation hearing on GST's second
amended plan of reorganization originally scheduled for June 2016.
The Bankruptcy Court has approved a postponement of the hearing to
a date to be set by the court.

The FCR and the Current Claimants' Committee have advised GST that
they have engaged in negotiations to resolve the terms of claims
resolution procedures that would be an integral part of any
potential consensual settlement of the ACRP and requested this
postponement to continue those negotiations and to include GST in
their negotiations.  GST agreed to this request as it continues to
believe that an agreed settlement with both the FCR and the Current
Claimants' Committee would provide the best path to certainty and
finality of the ACRP, provide for faster and more efficient
completion of the case, save significant future costs, and allow
for the attainment of complete finality.  However, there can be no
assurance that the current or any future negotiations will result
in a settlement among GST and both the FCR and the Current
Claimants' Committee, as prior negotiations have not resulted in an
agreement acceptable to all parties.

Neither EnPro nor GST plans to provide any interim updates on the
status of negotiations.  GST continues to believe that its pending
second amended plan of reorganization, which the FCR has agreed to
support, can also result in a successful reorganization, without
support of the Current Claimants' Committee and despite the
opposition of current asbestos 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.


GIGAMEDIA LTD: Regains NASDAQ Minimum Bid Price Rule
----------------------------------------------------
GigaMedia Limited, an online games and computing services provider,
on Jan. 4 disclosed that on
December 31, 2015, NASDAQ notified the Company that it has regained
compliance with Rule 5550(a)(2), which requires a minimum bid price
of $1.00 for continued listing on the NASDAQ Capital Market.  As a
result of satisfying the minimum bid price requirement, this matter
is now closed.

                       About GigaMedia

Headquartered in Taipei, Taiwan, GigaMedia Limited --
http://www.gigamedia.com-- is a diversified provider of online
games and cloud computing services.  GigaMedia's online games
business is an innovative leader in Asia with growing game
development, distribution and operation capabilities, as well as
platform services for games; focus is on mobile games and social
casino games.  The company's cloud computing business is focused on
providing enterprises in Greater China with critical communications
services and IT solutions that increase flexibility, efficiency and
competitiveness.


GLYECO INC: Ceases Operations at New Jersey Processing Center
-------------------------------------------------------------
GlyEco, Inc., approved the termination of both the Premises Lease,
dated Dec. 10, 2012, between GlyEco Acquisition Corp. #4 and NY
Terminals II, LLC, and the Equipment Lease, dated Dec. 10, 2012,
between GAC #4 and Full Circle MFG Group, Inc., by complying with a
Notice of Lease Termination and Demand to Vacate and a Notice of
Equipment Lease Agreement Default and Demand for Performance
delivered by NY Terminals and Full Circle, respectively.  Pursuant
to the termination of the Premises Lease and Equipment Lease, GAC
#4 will cease all operations at its New Jersey processing center
immediately.

Interim Chief Executive Officer, David Ide commented, "We have
worked in good faith to develop a contractual arrangement with the
landlord of this facility, and although we believed our
negotiations would bring a supportive outcome to allow GAC #4 to
invest and grow the facility, we were unable to reach a mutually
agreed upon resolution."  Mr. Ide added, "Given the latest
developments, our Company will be writing off its investments in
GAC #4 during this fiscal year, and the financial operations of GAC
#4 will be segmented as discontinued operations in our forthcoming
Form 10-K."

Mr. Ide concluded, "The financial impact of the transition and the
resulting positive cash flow advancements, operational focus and
excellence, and long term vision for our Company will be addressed
in forthcoming shareholder correspondences.  However, it is
important to note that the historical losses incurred in Elizabeth,
New Jersey (GAC #4) were approximately $75,000 - $150,000 per month
during the last two fiscal years."

                         About GlyEco, Inc.

Phoenix, Ariz.-based GlyEco, Inc., is a green chemistry company
formed to roll-out its proprietary and patent pending glycol
recycling technology that transforms waste glycols, a hazardous
material, into profitable green products.

Glyeco reported a net loss attributable to common shareholders of
$8.73 million on $5.89 million of net sales for the year ended Dec.
31, 2014, compared with a net loss of $4 million on $5.53 million
of net sales for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $15.1 million in total
assets, $2.37 million in total liabilities and $12.8 million in
total stockholders' equity.

Semple, Marchal & Cooper, LLP, in Phoenix, Arizona, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has yet to
achieve profitable operations and is dependent on its ability to
raise capital from stockholders or other sources to sustain
operations and to ultimately achieve viable operations. These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


GLYECO INC: Chief Technical Officer Resigns
-------------------------------------------
Richard Geib tendered, and GlyEco accepted, his resignation as the
Chief Technical Officer of GlyEco, Inc., effective as of Jan. 31,
2016.  The resignation was not the result of any disagreement with
the Company on any matter relating to its operations, policies, or
practices, according to a Form 8-K report filed with the Securities
and Exchange Commission.

                         About GlyEco, Inc.

Phoenix, Ariz.-based GlyEco, Inc., is a green chemistry company
formed to roll-out its proprietary and patent pending glycol
recycling technology that transforms waste glycols, a hazardous
material, into profitable green products.

Glyeco reported a net loss attributable to common shareholders of
$8.73 million on $5.89 million of net sales for the year ended Dec.
31, 2014, compared with a net loss of $4 million on $5.53 million
of net sales for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $15.1 million in total
assets, $2.37 million in total liabilities and $12.8 million in
total stockholders' equity.

Semple, Marchal & Cooper, LLP, in Phoenix, Arizona, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has yet to
achieve profitable operations and is dependent on its ability to
raise capital from stockholders or other sources to sustain
operations and to ultimately achieve viable operations. These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


GLYECO INC: Issues Shareholder Update Letter
--------------------------------------------
GlyEco, Inc. announced the issuance of a letter by Interim CEO and
President David Ide to update shareholders on Company progress.

Dear Fellow Shareholders:

Thank you for your commitment to GlyEco, Inc. and our year of
transition from concept to operations.  Our team will reflect upon
this past year with great pride and accomplishment with 2015
delivering upon our promises to develop a firm foundation for the
future of our Company.  We have identified opportunities in the
market, challenges with our focus, and made tough decisions where
we were distracted in our execution.  2015 was a transformational
year for our Company as well, as we achieved the highest revenues
in the history of our organization, strengthened our intellectual
property assets, paired considerably our losses, reinforced our
internal operational systems and procedures, empowered our field
leaders, and advanced GlyEco as a brand in the automotive retail
industry.  Our gains in 2015 are not an anomaly; they are
calculated both strategically and tactically to ensure 2016 will
not be a year of regress, but rather expansion, revenue growth, and
profitability.  We expect 2016 to be a year where we broaden our
relationships with existing customers, optimize operations at our
facilities, expand our footprint, further our technology through
laboratory expansion and facility improvements, enhance our
technical and sales personnel, and prioritize timely and customized
service to our customers.

Since March 2015, we have added 1,000 national automotive retail
customers throughout our footprint.  We expanded our direct
delivery locations from 4,000 to 5,000 customers, increased
antifreeze sales by 60% (approximately $5.3 million in 2015), and
retained over 90% of 2014 business in 2015.  We entered the Rhode
Island, Massachusetts, and Connecticut automotive retail markets
through partnership and Atlanta, Charlotte, Jacksonville, Miami,
Ohio, and Kentucky via direct delivery.  In 2016, we will expand
into additional major metropolitan locations in the Northeast,
Southeast, Midwest, and as awarded in Texas.  We believe 2016, as
2015 was, will be a record revenue year for GlyEco, Inc. and
another step in our national retail automotive ambitions.  We have
begun the diversification of our products, as requested by certain
national automotive retailers, to include windshield fluids and
have successfully implemented these products in strategically
significant regions in 2015.  We expect to continue this product
expansion in 2016 in Maryland, Virginia, South Carolina, Florida,
and South Dakota during the first six months of the year.  We have
expanded our presence in the automotive dealership industry with
our specialty-blended products and expect to grow this business in
2016 as well.  GlyEco will also diversify its glycol products to
include heat transfer fluids, and as we are one of two certified
glycol recyclers approved by the US Department of Defense, we will
continue our efforts to deliver the highest quality products to our
men and women serving our country domestically and abroad.

In 2016, we will identify and absorb additional processing
facilities in strategically important regions East of the Rocky
Mountains.  Our current footprint has the processing capacity to
meet our current client and future client needs in 2016.  However,
we believe our quick to partner technology, mobile field
operations, quality control & assurance, customer service, and
GlyEco University allow us to quickly grow the number of facilities
owned by GlyEco.  These facilities are similar to those acquired
from 2012 to 2014, which we have grown over the years, are
profitable, and will continue to grow for the foreseeable future.
We will identify these locations in the East and Southern United
States in 2016 and whether they meet our criteria of 1) proper
equipment, 2) leadership, 3) commitment to quality of product and
service, 4) geographically enhancing our footprint, and 5) being
located within our national retail opportunities or awarded
contracts.  We believe inorganic growth will play a small role in
our 2016 revenue goals, however, we will continue to search for
entrepreneurial leaders in geographically advantageous regions.  We
will also develop a number of product transfer stations to reduce
the "windshield" time of our dedicated delivery teams and to quick
to partner new and or growing national retail opportunities.

We believe our focus and dedication to the automotive retail
industry will continue to insulate GlyEco, Inc. from the
challenging commodities market over the next few years as we
develop our greenfield concentrate site.  Our margins continue to
grow in parallel with our dedication to quality and customer
service, and we expect 2016 to again see gains in national retail
customers, automotive dealerships, and strategic large volume
accounts.

In 2015, GlyEco focused on institutionalizing our intellectual
property, our systems and practice, and our craft.  We established
GlyEco University as the first in glycol recycling to advance our
Quality Control & Assurance Program internally, support the
education of our national retail customers, and promote the ongoing
science.  As we closed out 2015, GlyEco began development of our
Research and Development Center and accompanying laboratory.  This
is another step for GlyEco to retain its advancements in the glycol
recycling industry and to ensure the gains we achieve are available
to all GlyEco locations.  A benefit to our dedication of the craft
is the mobility of our technology and the ability of GlyEco to
continue accepting hard or historically impossible to recycle waste
streams. As we close out 2015, we have received and begun to
process these waste streams from leading providers in
environmental, energy, and industrial services companies.  Our
technology is no longer concentrated in one facility, but rather it
is part of our Company's DNA.  This focus and dedication allows us
to relocate our largest, most profitable, and most predictable
customers from a discontinued operation with a smooth transition,
exact specifications, and without disruption or downtime.  Our
dedication to institutionalizing our technology will also deliver a
transition in our reliance on third party contractors, consultants,
and advisors as we enter 2016.  We will advance our technology with
the support of third-party testing and certification, however we
will employ our chemists and scientists on a fulltime basis and
move away from non-employed contractors.  As part of this, we will
transition Mr. Richard Geib as Chief Technology Officer in early
2016, however we will continue to work side by side with his
additive business and collaborate with his team, as needed.  We
expect in 2016 to continue to identify unique processes for
recycling glycol as we focus on hard or historically impossible to
process glycol waste streams.  We also expect to secure these
advancements through the United States Patent and Trademark Offices
(USPTO), GlyEco University, and as with our current processes,
mobilize the technology throughout our growing footprint.

We believe our direction for 2016 and beyond is solid and our
ability to expand and grow is bright.  We believe now is the time
for our Company to leap forward with the opportunities in hand and
the relationships we have forged.  Therefore, though we have not
yet sent any of the documentation to participate, the Company plans
to continue with a Rights Offering in 2016 to add resources to our
growing business to meet the needs of our customers, advance our
technology, and deliver to our shareholders the next chapter in our
Company's progress.  Our use of proceeds are twofold, 1) to
continue our revenue growth, and 2) to support the business as we
continue our pivot to predictability and profitability, which we
believe will occur by Q2 2016.  We have all the makings and focus
to create an exceptional brand in the glycol recycling industry and
in certain locations and regions we see a land grab for our quality
products and service.  We believe the time is now to gain
considerable market share, and our customers are waiting for us to
engage at these higher levels.  We believe the time is now to press
forward our initiatives with our focus on profitable, commodities
insolated, growth partners that require GlyEco to fill the breach
in their expansion and executable plans.  If we are unable to
support their needs, we believe the business may find alternate
suitors or slow the rate of their company initiatives.  Our
dedicated leadership team, who have and continue to execute,
believe additional resources will secure and deliver our business
goals.  In April 2015, as your interim Chief Executive Officer, I
outlined four basic tenants for you my fellow shareholders to
measure our success and failure by. Those four basis tenants were
as follows:  

Strategic Objective #1:  GlyEco will continue its dedication to
quality.  As we are institutionalizing our technology, our quality
control and assurance program will continue to develop as the
standard in the glycol industry.

Update: As described above, GlyEco has mobilized and
institutionalize its technology, received patent protection on
certain processes, developed our own Research and Development
Center, and continues today to accept and recycle new glycol waste
streams.

Strategic Objective #2: GlyEco will focus on maximizing the
profitable businesses we own, focus on the expertise of our
entrepreneurial managing partners, and work with our national
customers to increase same store revenues.  We will also focus on
satellite locations where we will expand our sales and delivery
routes in areas we believe positively impact our topline revenue
and bottom line profitability.

Update: As described above, we have grown sale store revenues at
our six processing facilities and delivered historical quarterly
and annual revenues highs for 2015.  We added approximately 1,000
new direct delivery locations in 2015, and as we optimize these
locations in 2016, we expect to witness EBITDA between 18% - 30%.

Strategic Objective #3: GlyEco will deploy field technology to
support the automation and logistical requirements for growth.  We
will deploy smart routing, inventory and quality control, CRM for
sales, billing, and payments, which we believe delivers greater
control to our managing partners in the field and their teams to
increase client acquisition and retention.

Update: Our quick to partner technology continues to impress our
national retail automotive customers, and our systems will continue
to evolve in 2016.  Our partners know and trust us with their
growth initiatives, and our ability to optimize our operations will
continue to support the profitability of our centers, allow
immediate partnership opportunities, and reduce the friction on new
customer onboarding.  In addition, our field technology combined
with our alternate partner modules will allow GlyEco to expand its
M&A opportunities in 2016 and beyond.

Strategic Objective #4: GlyEco will continue to deploy its
technology throughout our footprint.  We have created processes
which work and at scale.  We will take what we have learned and
employ this across our company and search for like-minded companies
who wish to partner, license, or become part of the GlyEco family.
GlyEco is about its technology and in 2015 we will continue our
leadership position in the space.  We will establish GlyEco
University as the first steps to create awareness of the glycol
industry, why it is important to recycle this waste stream, and the
value it returns our customers and our communities.  We will train
and advance GlyEco University to our national partners and help
them establish standards for quality and processes to insure
consistency for their customers.

Update: We received our first patent in the glycol recycling space
and utilize this and internal breakthroughs to advance our ability
to accept and recycle hard to or historically impossible to process
waste streams.  We created mobility in our technology to insure our
facilities continue to accept these streams and are becoming an
identified processor of these streams.  We delivered GlyEco
University to our internal team as well as our partners to advance
the education of our science and institutionalized the technology
to secure future development in the space.

I wish to thank the leaders of our organization, those who meet the
needs of our customers daily, and who have worked tirelessly in
2015 to improve and advance our business.  Alan, Wayne, Rob, Todd,
Joe, Dennis, Miles, Brian, and their direct delivery teams,
customer service, and our corporate team for their work. Thank you
to our shareholders.  We believe 2016 will see another record year
and appreciate your investment, patience, and commitment to us in
2015 and beyond.

Sincerely,

David Ide

Interim Chief Executive Officer and President

                         About GlyEco, Inc.

Phoenix, Ariz.-based GlyEco, Inc., is a green chemistry company
formed to roll-out its proprietary and patent pending glycol
recycling technology that transforms waste glycols, a hazardous
material, into profitable green products.

Glyeco reported a net loss attributable to common shareholders of
$8.73 million on $5.89 million of net sales for the year ended Dec.
31, 2014, compared with a net loss of $4 million on $5.53 million
of net sales for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $15.1 million in total
assets, $2.37 million in total liabilities and $12.8 million in
total stockholders' equity.

Semple, Marchal & Cooper, LLP, in Phoenix, Arizona, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has yet to
achieve profitable operations and is dependent on its ability to
raise capital from stockholders or other sources to sustain
operations and to ultimately achieve viable operations. These
factors raise substantial doubt about the Company's ability to
continue as a going concern.


GRAHAM GULF: Court Approves GGG Partners as Financial Advisor
-------------------------------------------------------------
Graham Gulf Inc. sought and obtained authorization from the Hon.
Henry A. Callaway of the U.S. Bankruptcy Court for the Southern
District of Alabama to employ GGG Partners, LLC as financial
advisor, effective September 18, 2015 petition date.

The Debtor requires GGG Partners to:

   (a) assist and advise the Debtors with the analysis of the
       Debtors' business, business plan, and strategic and
       financial position;

   (b) assist and advise the Debtors in connection with any sale
       or other disposition of assets of the Debtors;

   (c) assist with the formulation, evaluation, and implementation

       of various options for a restructuring plan to be confirmed

       in these chapter 11 cases;

   (d) assist in negotiations with creditors, shareholders, and
       other appropriate parties in interest;

   (e) assist with procuring additional financing;

   (f) review and advise on the budget, budget to actual and
       appropriate reporting to lenders and stakeholders;

   (g) provide financial advisory services in connection with
       valuation, financial projection, or other analyses with
       respect to a restructuring plan; and

   (h) if necessary, participate in hearings before the Court with

       respect to matters upon which GGG has provided advice,
       including coordinating with the Debtors' counsel with
       respect to testimony in connection therewith.

GGG Partners will be paid at these hourly rates:

       Katie S. Goodman          $350
       Partners                  $325

GGG Partners will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Prior to the Petition Date, the Debtor provided GGG Partners a
retainer in the amount of $12,500.

Katie S. Goodman, managing partner of GGG Partners, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

GGG Partners can be reached at:

       Katie S. Goodman
       GGG PARTNERS, LLC
       3155 Roswell Rd NE, Ste 120
       Atlanta, GA 30305
       Tel: (404) 293-0137
       Fax: (404) 256-4555
       E-mail: kgoodman@gggpartners.com

                         About Graham Gulf

Founded in 1996, Graham Gulf, Inc. operates 11 fast supply vessels
designed specifically for providing a more efficient and
cost-effective support for field production operations and remote
drilling location services.

Graham Gulf filed Chapter 11 bankruptcy petition (Bankr. S.D. Ala.
Case No. 15-03065) on Sept. 18, 2015.  The petition was signed by
Janson Graham, the president and owner.  The Debtor estimated
assets and liabilities in the range of $10 million to $50 million.

Helmsing, Leach, Herlong, Newman & Rouse PC serves as the Debtor's
counsel.

Six creditors were appointed to Graham Gulf's official committee of
unsecured creditors.  The creditors are Superior Shipyard &
Fabrication Inc., Thrustmaster of Texas Inc., American Supply LLC,
Safety Controls Inc., Force Power Systems LLC and United Power
Systems LLC.


GRAHAM GULF: Lugenbuhl Wheaton Okayed as Panel's Counsel
--------------------------------------------------------
The Official Committee of Unsecured Creditors of Graham Gulf Inc.
sought and obtained authorization from the Hon. Henry A. Callaway
of the U.S. Bankruptcy Court for the Southern District of Alabama
to retain Lugenbuhl, Wheaton, Peck, Rankin & Hubbard as counsel,
nunc pro tunc to October 16, 2015.

The Committee requires Lugenbuhl Wheaton to:

   (a) advise the Committee with respect to its rights, duties and

       powers in this Chapter 11 case;

   (b) assist and advise the Committee in its consultations with
       the Debtor in connection with the administration of this
       Chapter 11 case;

   (c) review the nature and validity of liens asserted against
       property of the Debtor and advise the Committee concerning

       the enforceability of such liens;

   (d) review the nature and validity of claims of title to
       property that may belong to the estate and advise the
       Committee concerning litigation of such claims;

   (e) assist the Committee in analyzing the claims of the
       Debtor's creditors and the Debtor's capital structure, and
       negotiate with holders of claims and equity interests;

   (f) advise the Committee concerning the actions that it might
       take to collect and recover property for the benefit of the

       Debtor's estate;

   (g) assist the Committee with its investigation of the acts,
       conduct, assets, liabilities, and financial condition of
       the Debtor, and the operation of the Debtor's business;

   (h) assist the Committee in its analysis of and negotiations
       with the Debtor or any third party concerning matters
       related to, among other things, the reconciliation of
       claims, the assumption or rejection of certain leases of
       nonresidential real property and executory contracts, asset

       dispositions, financing issues, and the terms of a plan of
       reorganization and accompanying disclosure statement and
       related documents;

   (i) assist and advise the Committee regarding its
       communications to the general creditor body about
       significant matters in this Chapter 11 case;

   (j) represent the Committee at hearings and other proceedings;

   (k) assist the Committee in preparing pleadings and
       applications as may be necessary in furtherance of the
       Committee's interests and objectives;

   (l) prepare, on behalf of the Committee, any pleadings,
       including without limitation, motions, memoranda,
       complaints, objections, and responses to any of the
       foregoing;

   (m) provide information to creditors in accordance with section

       1102(b)(3) of the Bankruptcy Code, subject to
       confidentiality agreements and orders of the Court; and

   (n) perform such other legal services as may be required or are

       otherwise deemed to be in the interests of the Committee in

       accordance with the Committee's powers and duties as set
       forth in the Bankruptcy Code, Bankruptcy Rules or other
       applicable law.

Lugenbuhl Wheaton will be paid at these hourly rates:

       Stewart F. Peck             $400
       Christopher T. Caplinger    $325
       Benjamin W. Kadden          $300
       Associates                  $250
       Paralegal                   $90

Lugenbuhl Wheaton will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Stewart F. Peck, member of Lugenbuhl Wheaton, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Lugenbuhl Wheaton can be reached at:

       Stewart F. Peck, Esq.
       LUGENBUHL, WHEATON, PECK, RANKIN & HUBBARD
       601 Poydras St., Suite 2775
       New Orleans, LA 70130
       Tel: (504) 568-1990
       Fax: (504) 310-9195

                         About Graham Gulf

Founded in 1996, Graham Gulf, Inc. operates 11 fast supply vessels
designed specifically for providing a more efficient and
cost-effective support for field production operations and remote
drilling location services.

Graham Gulf filed Chapter 11 bankruptcy petition (Bankr. S.D. Ala.
Case No. 15-03065) on Sept. 18, 2015.  The petition was signed by
Janson Graham, the president and owner.  The Debtor estimated
assets and liabilities in the range of $10 million to $50 million.

Helmsing, Leach, Herlong, Newman & Rouse PC serves as the Debtor's
counsel.

Six creditors were appointed to Graham Gulf's official committee of
unsecured creditors.  The creditors are Superior Shipyard &
Fabrication Inc., Thrustmaster of Texas Inc., American Supply LLC,
Safety Controls Inc., Force Power Systems LLC and United Power
Systems LLC.


HOVENSA LLC: U.S. Trustee Balks at Berkeley's Terms of Fee Defense
------------------------------------------------------------------
Guy G. Gebhardt, the Acting U.S. Trustee for Region 21, objected to
the retention of Berkeley Research Group, LLC, as financial advisor
to the Official Committee of Unsecured Creditors in the Chapter 11
case of Hovensa L.L.C.

According to the Trustee, the Court must deny the retention
application unless the fee defense provisions and the request for
nunc pro tunc relief are removed or stricken.  The firm sought to
be indemnified and be entitled to payment from the Debtor's estate,
subject to approval by the Court.  The fee defense provisions
violate the Code and the American Rule, ignore the express
directives of the United States Supreme Court, and are otherwise
unreasonable.

                           About Hovensa

Hovensa, L.L.C, owns an oil refinery and an oil storage facility
business, both located on the island of St. Croix, U.S. Virgin
Islands, and both of which are currently idled.  The refinery and
storage facilities span approximately 2,000 acres of land located
on the south shore of St. Croix, including approximately 300 acres
of undeveloped land to the east of the refinery and storage.
Hovensa currently maintains its headquarters at 1 Estate Hope,
Christiansted, St. Croix, USVI.

Hovensa was formed in June 1998 and, through a series of agreements
dated October 30, 1998, became a joint venture between Hess Oil
Virgin Islands Corporation ("HOVIC"), a subsidiary of Hess
Corporation (f/k/a Amerada Hess Corporation), and PDVSA V.I., Inc.
("PDV-VI" and together with HOVIC, the "JV Parties"), a subsidiary
of Petroleos de Venezuela, S.A. ("PDVSA"), the national oil company
of Venezuela.

Hovensa L.L.C. filed a Chapter 11 bankruptcy petition in the U.S.
Bankruptcy Court for the District of the Virgin Islands (Bankr. D.
V.I. Case No. 15-10003) on Sept. 15, 2015, with a deal to sell most
of the assets.  Judge Mary F. Walrath is assigned to the case.

The Debtor estimated assets of $100 million to $500 million, and
liabilities of more than $1 billion.

The Debtors tapped Morrison & Foerster LLP as bankruptcy counsel;
The Law Offices of Richard H. Dollison as local bankruptcy counsel;
Alvarez & Marsal North America, LLC to provide Thomas E. Hill as
chief restructuring officer; Lazard Freres & Co. LLC as investment
banker; White & Case LLP as special mergers and acquisitions
counsel; and Prime Clerk LLC as claims and noticing agent and as
administrative agent.

The Official Committee of Unsecured Creditors tapped Dentons US
LLP
counsel; Hamm Eckard, LLP as its local/co-counsel; and Berkeley
Research Group, LLC as its financial advisor.

The Debtor's owners, HOVIC and PDV-VI, have agreed to provide DIP
financing in an amount not to exceed $40 million.  The DIP facility
requires the Debtors to achieve certain milestones, including
closing of the sale by Dec. 31, 2015.


HOVENSA LLC: U.S. Trustee Balks at Dentons' Fee Defense Provisions
------------------------------------------------------------------
Guy G. Gebhardt, the Acting U.S. Trustee for Region 21, objected to
the retention of Dentons US LLP as counsel to the Official
Committee of Unsecured Creditors in the Chapter 11 case of Hovensa
L.L.C.

According to the Trustee, the fee defense provisions violate the
Code and the American Rule, ignore the express directives of the
United States Supreme Court.  The firm sought to be indemnified and
entitled to payment from the Debtor's estate.

Hovensa, L.L.C, owns an oil refinery and an oil storage facility
business, both located on the island of St. Croix, U.S. Virgin
Islands, and both of which are currently idled.  The refinery and
storage facilities span approximately 2,000 acres of land located
on the south shore of St. Croix, including approximately 300 acres
of undeveloped land to the east of the refinery and storage.
Hovensa currently maintains its headquarters at 1 Estate Hope,
Christiansted, St. Croix, USVI.

Hovensa was formed in June 1998 and, through a series of
agreements
dated October 30, 1998, became a joint venture between Hess Oil
Virgin Islands Corporation ("HOVIC"), a subsidiary of Hess
Corporation (f/k/a Amerada Hess Corporation), and PDVSA V.I., Inc.
("PDV-VI" and together with HOVIC, the "JV Parties"), a subsidiary
of Petróleos de Venezuela, S.A. ("PDVSA"), the national oil
company of Venezuela.

Hovensa L.L.C. filed a Chapter 11 bankruptcy petition in the U.S.
Bankruptcy Court for the District of the Virgin Islands (Bankr. D.
V.I. Case No. 15-10003) on Sept. 15, 2015, with a deal to sell
most
of the assets.  Judge Mary F. Walrath is assigned to the case.

The Debtor estimated assets of $100 million to $500 million, and
liabilities of more than $1 billion.

The Debtors tapped Morrison & Foerster LLP as bankruptcy counsel;
The Law Offices of Richard H. Dollison as local bankruptcy
counsel;
Alvarez & Marsal North America, LLC to provide Thomas E. Hill as
chief restructuring officer; Lazard Frères & Co. LLC as
investment
banker; White & Case LLP as special mergers and acquisitions
counsel; and Prime Clerk LLC as claims and noticing agent and as
administrative agent.

The Official Committee of Unsecured Creditors tapped Dentons US
LLP
counsel; Hamm Eckard, LLP as its local/co-counsel; and Berkeley
Research Group, LLC as its financial advisor.

The Debtor's owners, HOVIC and PDV-VI, have agreed to provide DIP
financing in an amount not to exceed $40 million.  The DIP
facility
requires the Debtors to achieve certain milestones, including
closing of the sale by Dec. 31, 2015.


IMPLANT SCIENCES: Signs Purchase Agreement with RCA
---------------------------------------------------
Implant Sciences Corporation entered into an Accounts Receivable
Purchase Agreement with Republic Capital Access, LLC, pursuant to
which the Company may sell eligible accounts receivables relating
to U.S. government prime contracts or subcontracts to RCA.  The
total amount of Eligible Receivables that the Company may sell to
RCA is subject to a maximum limit of $2,000,000 of outstanding
receivables at any given time.  The Purchase Agreement will
terminate on Nov. 30, 2016.

Pursuant to the terms of the Purchase Agreement, the Company will
receive from RCA, within two business days of the submission of the
applicable invoice, an initial payment equal to 90% of the face
value of an Eligible Receivable purchased by RCA.  Following
payment of such Eligible Receivable to RCA by the relevant
customer, RCA will pay the Company the residual 10% of such
receivable, less fees payable to RCA by the Company pursuant to the
Purchase Agreement.

The Company will pay the following fees to RCA pursuant to the
Purchase Agreement: (i) an initial enrollment fee equal to $5,000;
(ii) a discount factor equal to 0.35%, for U.S. government
contracts (or 0.53% for U.S. government subcontracts), of the
amounts of purchased receivables; (iii) a program access fee equal
to 0.017% of the daily ending account balance for each day that
receivables are outstanding; (iv) a commitment fee equal to 1% of
Maximum Amount minus the amount of purchased receivables; and (v)
expenses relating to the negotiation of the Purchase Agreement,
which amount is not expected to exceed $1,000.  The Company has not
yet sold any receivables to RCA pursuant to the Purchase
Agreement.

BAM Administrative Services LLC and DMRJ Group LLC consented to the
transactions contemplated by the Purchase Agreement.

                      About Implant Sciences

Implant Sciences Corporation (OBB: IMSC.OB) --
http://www.implantsciences.com/-- develops, manufactures and
sells sensors and systems for the security, safety and defense
(SS&D) industries.

As of Sept. 30, 2015, the Company had $13.61 million in total
assets, $91.96 million in total liabilities and a $78.35 million
total stockholders' deficit.

Marcum LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company has had recurring net
losses and continues to experience negative cash flows from
operations.  As of Sept. 15, 2015, the Company's principal
obligation to its primary lenders was approximately $65,046,000 and
accrued interest of approximately $15,393,000.  The Company is
required to repay all borrowings and accrued interest to these
lenders on March 31, 2016.  These conditions raise substantial
doubt about its ability to continue as a going concern.

                        Bankruptcy Warning

"Despite our current sales, expense and cash flow projections and
$3,766,000 in cash available from our line of credit with DMRJ, at
October 31, 2015, we will require additional capital in the third
quarter of fiscal 2016 to fund operations and continue the
development, commercialization and marketing of our products. There
can be no assurance that DMRJ will continue to make advances under
our revolving line of credit.  Our failure to achieve our
projections and/or obtain sufficient additional capital on
acceptable terms would have a material adverse effect on our
liquidity and operations and could require us to file for
protection under bankruptcy laws," the Company stated in its
quarterly report for the period ended Sept. 30, 2015.


J.S. & F. MANAGEMENT: Voluntary Chapter 11 Case Summary
-------------------------------------------------------
Debtor: J.S. & F. Management, Inc.
        154-16 12th Road
        Beechhurst, NY 11357

Case No.: 16-22011

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: January 5, 2016

Court: United States Bankruptcy Court
       Southern District of New York (White Plains)

Judge: Hon. Robert D. Drain

Debtor's Counsel: Marc A. Pergament, Esq.
                  WEINBERG, GROSS & PERGAMENT, LLP
                  400 Garden City Plaza, Suite 403
                  Garden City, NY 11530
                  Tel: (516) 877-2424
                  Fax: (516) 877-2460
                  Email: mpergament@wgplaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Barbara C. McCabe, vice president.

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


JAMES RIVER: Proposes Liquidating Plan After Mines Sold
-------------------------------------------------------
James River Coal Company, et al., have proposed a Plan of
Liquidation that contemplates the liquidation and dissolution of
the Debtors and the resolution of all outstanding claims against,
and interests in, the Debtors.

The Debtors, in August 2014, sold their Hampden Mining Complex
(including the assets of Logan & Kanawha Coal Company, LLC), the
Hazard Mining Complex and the Triad Mining Complex for $52 million
plus the assumption of certain environmental and other liabilities,
to a unit of Blackhawk Mining.  In December 2014, the Debtors sold
their mines commonly referred to as the Bell Complex and the
Bledsoe Complex, along with certain assets of debtor Laurel
Mountain Resources, LLC, to Revelation Energy, LLC for $2 million
plus the assumption of liabilities.  With the assistance of Great
American Global Partners, LLC, the Debtors sold equipment excluded
from the Revelation sale for $4.9 million.

The Debtors' remaining assets currently consist of, among other
things, cash, accounts receivable, avoidance actions, interests in
collateral held by third party insurers and surety bond providers
and tax refunds and deposits.  The Plan provides for the Debtors'
assets already liquidated or to be liquidated over time and the
proceeds thereof to be distributed to Holders of Allowed Claims in
accordance with the terms of the Plan.  The plan administrator, or,
a liquidating trust, will be the means to effect such liquidation
and distribution.  The Debtors will be dissolved as soon as
practicable after the Effective Date.

The projected recoveries under the Plan are:

                                                       Projected
  Class & Description        Proposed Treatment         Recovery
  -------------------        ------------------         --------
1A-34A Other Priority
  Claims                Unimpaired. Payment in full
                        in Cash; or other treatment
                        that will render the Claim
                        Unimpaired.                       100%

1B-34B Secured Claims   Unimpaired. Payment in full in
                        Cash, to the extent of the value
                        of the holder's secured interest
                        in such Collateral; or other
                        treatment that will render the
                        Claim Unimpaired.                 100%

1C; 2C-34C 7.875%
  Senior Notes Parent
  Claims; 7.875% Senior
  Notes Guarantee
  Claims                Impaired. Subject to Section
                        3.2(c) of the Plan, each Holder
                        of an Allowed 7.875% Senior Notes
                        Parent Claim shall be entitled
                        to its Ratable Share of Total
                        Distributable Cash.               3.8%

1D; 2D-34D  10.00%
  Convertible Senior
  Notes Parent Claims;
  10.00% Convertible
  Senior Notes
  Guarantee Claims      Impaired. Subject to Section
                        3.2(d) of the Plan, each Holder
                        of an Allowed 10.00% Convertible
                        Senior Notes Parent Claim
                        will be entitled to its Ratable
                        Share of Total Distributable
                        Cash.                            1.75%

1E; 2E-34E  PBGC Parent
  Claims; PBGC
  Subsidiary Claims     Impaired. Subject to Section
                        3.2(e) of the Plan, on account
                        of any Allowed PBGC Parent Claim,
                        PBGC shall be entitled to such
                        Allowed PBGC Parent Claim's
                        Ratable Share of Total
                        Distributable Cash.              3.8%

1F-34F General
  Unsecured Claims      Impaired.  Subject to Section
                        3.2(f), each Holder of an
                        Allowed General Unsecured
                        Claim shall be entitled to
                        its Ratable Share of Total
                        Distributable Cash.              1.0%
                                                  (Debtor Group 1)
                                                      Or 0.5%
                                                  (Debtor Group 2)

1G-34G  Subordinated
  Claims                Impaired. No distribution.        0%

1H-34H Intercompany
  Claims                Impaired. Cancelled;
                        no distribution.                  0%

1I Interests in
  James River           Impaired. No distribution.        0%

1J; 2I-34I Interests in
  Subsidiary Debtors    Unimpaired. Reinstated.         100%

Under the Plan, holders of Claims in Classes 1C; 2C-34C, 1D;
2D-34D, 1E; 2E-34E and 1F-34F are impaired and are entitled to vote
on the Plan.   Holders of Claims and Interests in Classes 1G-34G,
1H-34H and 1I are impaired and will not receive or retain any
property under the Plan on account of such claims or interests and,
therefore, are not entitled to vote on the Plan and deemed to
reject the Plan.

The Debtors' attorneys can be reached at:

          Tyler P. Brown, Esq.
          Henry P. (Toby) Long, III, Esq.
          Justin F. Paget, Esq.
          HUNTON & WILLIAMS LLP
          Riverfront Plaza, East Tower
          951 East Byrd Street
          Richmond, VA 23219
          Telephone: (804)788-8200
          Facsimile: (804)788-8218
          E-mail: tpbrown@hunton.com
                  hlong@hunton.com
                  jpaget@hunton.com

                - and -
               
          Marshall S. Huebner, Esq.
          Brian M. Resnick, Esq.
          Michelle M. McGreal, Esq.
          DAVIS POLK & WARDWELL LLP
          450 Lexington Avenue
          New York, NY 10017
          Telephone: (212)450-4000
          Facsimile: (212)607-7973
          E-mail: marshall.huebner@davispolk.com
                  brian.resnick@davispolk.com
                  michelle.mcgreal@davispolk.com

A copy of the Disclosure Statement for the Liquidating Plan filed
Dec. 22, 2015, is available for free at:

      http://bankrupt.com/misc/James_River_1565_DS_Liq_Plan.pdf

                      About James River Coal

James River Coal Company is a producer and marketer of coal in the
Central Appalachia ("CAPP") and the Midwest coal regions of the
United States.  James River's principal business is the mining,
preparation and sale of metallurgical coal, thermal coal (which is
also known as steam coal) and specialty coal.

James River and 33 of its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. E.D. Va. Case Nos. 14-31848 to 14-31886) in
Richmond, Virginia, on April 7, 2014.  The petitions were signed
by
Peter T. Socha as president and chief executive officer.  Judge
Kevin R. Huennekens oversees the Chapter 11 cases.

On the petition date, James River Coal disclosed total assets of
$1.06 billion and total liabilities of $818.6 million.

The Debtors are represented by Tyler P. Brown, Esq., Henry P.
(Toby) Long, III, Esq., and Justin F. Paget, Esq. at Hunton &
Williams LLP of Richmond, VA and Marwill S. Huebner, Esq, Brian M.
Resnick, Esq., and Michelle M. McGreal, Esq. at Davis Polk &
Wardwell LLP of New York, NY.  Kilpatrick Townsend & Stockton LLP
serves as the Debtors' special counsel.  Perella Weinberg Partners
L.P. is the Debtors' financial advisor.  Deutsche Bank Securities
Inc. serves as the Debtors' investment banker and M&G advisor.
Epiq Bankruptcy Solutions, LLC, acts as the Debtors' notice, claims
and administrative agent.

The Official Committee of Unsecured Creditors retained (i) Akin
Gump Strauss Hauer & Feld LLP as its counsel, (ii) LeClairRyan, A
Professional Corporation as its local counsel, (iii) The Garden
City Group, Inc. as its information agent, and (iv) Blackstone
Advisory Partners L.P. as its investment banker.

                           *     *     *

The Debtors, in August 2014, won authority to sell the Hampden
Mining Complex (including the assets of Logan & Kanawha Coal
Company, LLC), the Hazard Mining Complex (other than the assets of
Laurel Mountain Resources LLC) and the Triad Mining Complex for $52
million plus the assumption of certain environmental and other
liabilities, to a unit of Blackhawk Mining.  The Buyer is
represented by Mitchell A. Seider, Esq., and Charles E. Carpenter,
Esq., at Latham & Watkins LLP.

To oversee the remaining prosecution of the Chapter 11 cases
following the asset sales, the Debtors entered into an agreement
with Byron Advisors, LLC to provide a chief restructuring officer,
William B. Murphy.


JAMES RIVER: Targeting March Confirmation of Liquidating Plan
-------------------------------------------------------------
The Honorable Kevin R. Huennekens in Richmond, Virginia, will
convene a hearing on Jan. 26, 2016, at 1:00 p.m. prevailing Eastern
Time, to consider approval of the Disclosure Statement and proposed
solicitation procedures in connection with James River Coal
Company, et al.'s proposed Plan of Liquidation.

The deadline for filing objections to the Disclosure Statement is
Jan. 19, 2016 at 4:00 p.m.

The Debtors propose:

   * Jan. 22, 2016 as the voting record date for purposes of the
Order and determining (a) the creditors who are entitled to vote on
the Plan and (b) in the case of non-voting classes, the creditors
and interest holders that are to receive certain informational
materials;

   * a March 3, 2016 deadline for voting to accept or reject
     the Plan;

   * a March 3, 2016, at 4:00 p.m. (prevailing Eastern Time)
     deadline for objections to confirmation of the Plan or
     proposed modifications to the Plan; and

   * a hearing on confirmation of the Plan at 1:00 p.m.
     (prevailing Eastern Time) on March 10, 2016, subject to
     the Court's calendar.

The Debtors have asked the Bankruptcy Court to determine that they
are not required to distribute Solicitation Packages, Ballots,
copies of the Disclosure Statement or Plan or any other notices
(except for the Confirmation Hearing Notice) to holders of fully
impaired claims and interests in Classes 1G-34G (Subordinated
Claims), 1H-34H (Intercompany Claims) and 1I (Interests in James
River).

                      About James River Coal

James River Coal Company is a producer and marketer of coal in the
Central Appalachia ("CAPP") and the Midwest coal regions of the
United States.  James River's principal business is the mining,
preparation and sale of metallurgical coal, thermal coal (which is
also known as steam coal) and specialty coal.

James River and 33 of its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. E.D. Va. Case Nos. 14-31848 to 14-31886) in
Richmond, Virginia, on April 7, 2014.  The petitions were signed by
Peter T. Socha as president and chief executive officer.  Judge
Kevin R. Huennekens oversees the Chapter 11 cases.

On the petition date, James River Coal disclosed total assets of
$1.06 billion and total liabilities of $818.6 million.

The Debtors are represented by Tyler P. Brown, Esq., Henry P.
(Toby) Long, III, Esq., and Justin F. Paget, Esq. at Hunton &
Williams LLP of Richmond, VA and Marwill S. Huebner, Esq, Brian M.
Resnick, Esq., and Michelle M. McGreal, Esq. at Davis Polk &
Wardwell LLP of New York, NY.  Kilpatrick Townsend & Stockton LLP
serves as the Debtors' special counsel.  Perella Weinberg Partners
L.P. is the Debtors' financial advisor.  Deutsche Bank Securities
Inc. serves as the Debtors' investment banker and M&G advisor.
Epiq Bankruptcy Solutions, LLC, acts as the Debtors' notice, claims
and administrative agent.

The Official Committee of Unsecured Creditors retained (i) Akin
Gump Strauss Hauer & Feld LLP as its counsel, (ii) LeClairRyan, A
Professional Corporation as its local counsel, (iii) The Garden
City Group, Inc. as its information agent, and (iv) Blackstone
Advisory Partners L.P. as its investment banker.

                           *     *     *

The Debtors, in August 2014, won authority to sell the Hampden
Mining Complex (including the assets of Logan & Kanawha Coal
Company, LLC), the Hazard Mining Complex (other than the assets of
Laurel Mountain Resources LLC) and the Triad Mining Complex for $52
million plus the assumption of certain environmental and other
liabilities, to a unit of Blackhawk Mining.  The Buyer is
represented by Mitchell A. Seider, Esq., and Charles E. Carpenter,
Esq., at Latham & Watkins LLP.

To oversee the remaining prosecution of the Chapter 11 cases
following the asset sales, the Debtors entered into an agreement
with Byron Advisors, LLC to provide a chief restructuring officer,
William B. Murphy.


LEE STEEL: Wins Confirmation of Liquidating Plan
------------------------------------------------
Judge Marci B. McIvor in November 2015 signed an order confirming
the Plan of Liquidation proposed by LSC Liquidation, Inc., formerly
Lee Steel Corp., et al.

A confirmation hearing was held on Nov. 24, 2015.  

Prior to the confirmation hearing, certain creditors and parties in
interest have raised concerns regarding the Plan but have agreed
not to file objections and accept the Plan based upon the
modifications to the Plan contained in the Plan Confirmation
Order.

According to the balloting report by Epiq Bankruptcy Solutions,
holders of allowed secured claims in Class 2 and holders of allowed
general unsecured claims in Class 3 overwhelmingly voted in favor
of the Plan.

According to a Nov. 24, 2015 notice, the Court will find that the
estate has been fully administered and will enter a final decree
closing the case in 60 days unless, within that time, an objection
is filed. If an objection is filed, a hearing will be set.

A copy of the order granting final approval of the Disclosure
Statement and confirming the Plan is available for free at:

    http://bankrupt.com/misc/Lee_Steel_470_Plan_Conf_Order.pdf

The Debtors' Liquidating Plan promises a 17% to 32% recovery for
unsecured creditors.  Most of the $39.1 million in sale proceeds
were paid to Huntington National Bank, and the remaining $750,000
due to Huntington will be waived.  The $400,000 from the proceeds
of the sales of the Debtors' assets that are otherwise payable to
Huntington will be included in the liquidating trust assets for the
benefit of unsecured creditors.  Unsecured creditors will also
split the recoveries from causes of action.  The $250,000 of the
sale proceeds is allocated for the fees of Huron Consulting
Services, LLC as the CRO.  Holders of equity interests won't
receive anything.

The Debtors told the Court at the Plan hearing that, in a Chapter 7
scenario, recovery by unsecured creditors will only be 0% to 18% as
the waiver of the $750,000 Huntington's remaining secured claim
won't be available in a Chapter 7.

A copy of the Combined Joint Plan of Liquidation and Disclosure
Statement dated Sept. 30, 2015, is available for free at:

      http://bankrupt.com/misc/Lee_Steel_370_Plan_and_DS.pdf

                    About Lee Steel Corporation

Novi, Michigan-based Lee Steel Corp., provides flat rolled steel,
including hot rolled steel, cold rolled steel, and exposed coated
products for automotive and other manufacturing industries.

Lee Steel and 2 affiliated companies -- Taylor Industrial
Properties, L.L.C., and 4L Ventures, LLC -- filed for separate
bankruptcy protection (Bankr. D. Del. Case No. 15-45784) on April
13, 2015.

The Hon. Marci B. McIvor presides over the cases. Joshua A.
Gadharf, Esq., at McDonald Hopkins PLC, represents the Debtor.
Huron Business Advisory, serves as financial advisor; and Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Lee Steel disclosed $63,206,282 in total assets and $62,659,806 in
total liabilities.

Hilco Global has purchased the steel processing facility located at
the Lee Steel Corporation site in Romulus, Michigan. The deal which
was approved in U.S. Bankruptcy Court includes a 200,000 square
foot plant and all of the steel processing equipment located at
that site. The sale is expected to close in mid-September.

The U.S. Trustee for Region 9 appointed three creditors to serve on
the official committee of unsecured creditors. Conway Mackenzie,
Inc. serves as its financial advisor.

                           *     *     *

The Debtors sold their steel processing facility located in
Romulus, Michigan, to Hilco Global for $14 million.  The deal
which
was approved in U.S. Bankruptcy Court includes a 200,000 square
foot plant and all of the steel processing equipment located at
that site.

Union Partners I, LLC, won an auction for the Debtors' Wyoming
facility and working capital assets with a $23.6 million offer.
Effective Sept. 18, 2015, the sale to Union Partners closed, and
the Debtors ceased operations and commenced the process of winding
down their affairs.  The Debtors changed their names to LSC
Liquidation Inc., et al., following the sale.


LOCAL CORP: Court Approves Deal to Resolve Fast Pay's Claim
-----------------------------------------------------------
Local Corp. won court approval for a deal that would resolve the
value of Fast Pay Partners LLC's secured claim against the
company.

Under the deal, Local Corp. agreed that Fast Pay holds a $2.16
million claim, which is "fully secured."  The company also affirms
the validity of Fast Pay's lien on assets that it used as
collateral for funds it received from the creditor.

The companies entered into the deal after Fast Pay's lender elected
to make its borrowing facility to Local Corp. ineligible for
lending.  The lender would lift the ineligibility only upon entry
of a court order validating Fast Pay's secured claim.

The deal was approved by the U.S. Bankruptcy Court for the Central
District of California, which oversees Local Corp.'s Chapter 11
case.

                       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.


MAGNUM HUNTER: Gets Approval for $200 Million DIP Financing
-----------------------------------------------------------
Jeff Montgomery at Bankruptcy Law360 reported that Magnum Hunter
Resources Corp. moved smoothly on Dec. 16, 2015, through
first-round hurdles on its planned track to reorganizing its $1.1
billion in debt, with approval granted in Delaware bankruptcy court
for a $200 million debtor-in-possession financing that will make
$40 million immediately available to the oil and gas company.

The series of approved motions, filed as part of the company's
initial Chapter 11 filing on Dec. 15, 2015 and undergoing
fine-tuning during the interim approval hearing before U.S.
Bankruptcy Judge Kevin Gross, call for converting all of the
company's secured debt.

                        About Magnum Hunter

Irving, Texas-based MHRC, an oil and gas company that primarily
engaged, through its subsidiaries, in the acquisition,
development,
and production of oil and natural gas reserves in the United
States, said these macroeconomic factors, coupled with the their
substantial debt obligations and natural gas gathering and
transportation costs, strained their ability to sustain the weight
of their capital structure and devote the capital necessary to
maintain and grow their businesses.  The Debtors' total number of
drilling rigs in operation in the United States is just 38 percent
of the number of rigs that were in operation just one year ago,
Court filing indicates.

Magnum Hunter Resources Corporation and 19 of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Proposed Lead Case
No. 15-12533) on Dec. 15, 2015.  The petition was signed by Gary
C.
Evans as chairman and chief executive officer.

The Debtors have engaged Kirkland & Ellis, LLP as their general
counsel, Pachulski Stang Ziehl & Jones LLP as local counsel, PJT
Partners, LP as investment banker, Alvarez & Marsal North America,
LLC, as restructuring advisor, and Prime Clerk, LLC as notice,
claims and balloting agent.


MIG LLC: CaucusCom Dissolution Changes Control of ITC, Judge Rules
------------------------------------------------------------------
Judge Kevin Gross of the United States Bankruptcy Court for the
District of Delaware found that there has been a change of control
of ITC Cellular by virtue of the dissolution of CaucusCom Ventures
L.P.

CaucusCom owns 100% of the membership interests in debtor MIG, a
limited liability company organized under the laws of the State of
Delaware.  MIG owns 100% of the membership interests in debtor ITC
Cellular, a Delaware limited liability company.

After several extensions, the term CaucusCom partnership expired on
April 15, 2014, when Shenton Park Company, Inc., did not agree to
further extend the CaucusCom partnership.

The Debtors argued that Caucus Carry Managment LP, as the general
partner of CaucusCom, continues to control the limited partnership,
including its management and policies.  Thus, there has been no
change of control of CaucusCom, and, therefore, no change of
control of ITC Cellular because of the termination of the CaucusCom
partnership.

Shenton Park, on the other hand, argued that CaucusCom expired on
April 15, 2014, and therefore, its general partner, Caucus Carry,
lost its power to direct the management and policies of CaucusCom.
According to Shenton Park, the power divested of Caucus Carry is
now or should be in the hands of a liquidator.

Judge Gross found that Section 40(1) of the Partnership Act, 1996,
of the British Virgin Islands does not apply to limited
partnerships, and found instead that Sections 102 and 105 do apply.
Based on the said provisions, Judge Gross concluded that the
expiration of CaucusCom did result in the change of control of ITC
Cellular, and Caucus Carry lost its power and authority upon the
dissolution of CaucusCom.  The judge explained that what remains
for Caucus Carry as general partner is, under Sections 102 and 105,
to name the liquidator and "authorize a liquidator...to carry on
the business of the limited partnership if the liquidator
determines that to do so would be necessary or in the best
interests of the limited partnership or its creditors."

The adversary proceeding is MIG, LLC and ITC Cellular, LLC,
Plaintiffs, v. SHENTON PARK COMPANY, INC., Defendant, Adv. Proc.
No. 15-51115(KG) (Bankr. D. Del.).

The bankruptcy case is In re MIG, LLC and ITC Cellular, LLC,
Chapter 11 Debtors, Case No. 14-11605(KG) (Jointly
Administered)(Bankr. D. Del.).

A full-text copy of Judge Gross' December 16, 2015 memorandum
opinion is available at http://is.gd/wWdfTZfrom Leagle.com.

MIG, LLC is represented by:

          Joseph P. Davis, III, Esq.
          GREENBERG TRAURIG, LLP
          One International Place
          Boston, MA 02110
          Tel: (617)310-6000
          Fax: (617)310-6001
          Email: davisjo@gtlaw.com

            -- and --

          Paul Martin, Esq.
          GREENBERG TRAURIG, LLP
          MetLife Building
          200 Park Avenue
          New York, NY 10166
          Tel: (212)801-9200
          Fax: (212)801-6400
          Email: martinpt@gtlaw.com

            -- and --

          Dennis A. Meloro, Esq.
          GREENBERG TRAURIG, LLP
          The Nemours Building
          1007 North Orange Street Suite 1200
          Wilmington, DE 19801
          Tel: (302)661-7000
          Fax: (302)661-7360
          Email: melorod@gtlaw.com

            -- and --

          Colin R. Robinson, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP
          919 North Market Street 17th Floor
          Wilmington, DE 19801
          Tel: (302)652-4100
          Fax: (302)652-4400
          Email: crobinson@pszjlaw.com

Shenton Park Company, Inc. is represented by:

          Stephen B. Brauerman, Esq.
          GianClaudio Finizio, Esq.
          BAYARD, P.A.
          222 Delaware Avenue Suite 900
          Wilmington, DE 19801
          Tel: (302)655-5000
          Fax: (302)658-6395
          Email: sbrauerman@bayardlaw.com
                 gfinizio@bayardlaw.com

                       About MIG LLC

Formerly operating under the name "Metromedia International Group,
Inc.," MIG LLC -- http://www.migllc-group.com/-- owned and  
operated and sold dozens of companies in diverse industries,
including entertainment, photo finishing, garden equipment and
sporting goods, until the late 1990s.  In 1997 and 1998, MIG
consummated the sale of substantially all of its U.S.-based
entertainment assets and began focusing on expanding into emerging
communications and media businesses.  By 2005, all of MIG's
operating businesses were located in the Republic of Georgia and
operated through its subsidiaries.

MIG LLC and affiliate ITC Cellular, LLC, filed for Chapter 11
bankruptcy protection on June 30, 2014.  The cases are currently
jointly administered under Bankr. D. Del. Lead Case No. 14-11605.
As of the bankruptcy filing, MIG's sole valuable asset, beyond its
existing cash, is its indirect interest in Magticom Ltd.  The cases
are assigned to Judge Kevin Gross.  MIG LLC disclosed $15.9 million
in assets and $254 million in liabilities.

Headquartered in Tbilisi, Georgia, Magticom is the leading mobile
telephony operator in Georgia and is also the largest telephone
operator in Georgia.  Magticom serves 2.4 million subscribers with
a network that covers 97% of the populated regions in Georgia.
Magticom is owned by International Telcell Cellular, LLC, which is
46% owned by MIG unit ITC Cellular, 51% owned by Dr. George
Jokhtaberidze, and 3% owned by Gemstone Management Ltd.

Formerly known as MIG, Inc., MIG was a debtor in a previous case
(Bankr. D. Del. Case NO. 09-12118). It obtained approval of its
reorganization plan in November 2010.

The Debtors have tapped Greenberg Traurig LLP as counsel, Fox
Rothschild Inc. as financial advisor; Cousins Chipman and Brown,
LLP as conflicts counsel; and Prime Clerk LLC as claims and notice
agent and administrative advisor.  The Debtors have retained
Natalia Alexeeva as chief restructuring officer.

A three-member panel has been appointed in these cases to serve as
the official committee of unsecured creditors, consisting of Walter
M. Grant, Paul N. Kiel, and Lawrence P. Klamon.


MILESTONE SCIENTIFIC: Robert Gintel Has 6.5% Stake as of Dec. 31
----------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Robert M. Gintel and Robert Gintel Revocable Trust
disclosed that as of Dec. 31, 2015, they beneficially own
1,403,500 shares of common stock of Milestone Scientific Inc.,
representing 6.53 percent of the shares outstanding.  A copy of the
regulatory filing is available at http://is.gd/GvH2Dd

                    About Milestone Scientific

Livingston, N.J.-based Milestone Scientific Inc. is engaged in
pioneering proprietary, innovative, computer-controlled injection
technologies and solutions for the medical and dental markets.

The Company reported a net loss attributable to the Company of $1.7
million on $10.33 million of net product sales for the year ended
Dec. 31, 2014, compared to net income attributable to the Company
of $1.46 million on $10.01 million of net product sales for the
year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $14.06 million in total
assets, $2.13 million in total liabilities, all current and $11.9
million in total equity.


MOHAVE AGRARIAN: Case Summary & Largest Unsecured Creditor
----------------------------------------------------------
Debtor: Mohave Agrarian Group, LLC
        8912 Spanish Ridge Ave.
        Suite 200
        Las Vegas, NV 89148

Case No.: 16-10025

Chapter 11 Petition Date: January 5, 2016

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Hon. Mike K. Nakagawa

Debtor's Counsel: Brett A. Axelrod, Esq.
                  FOX ROTHSCHILD LLP
                  1980 Festival Plaza Drive Ste 700
                  Las Vegas, NV 89135
                  Tel: (702) 262-6899
                  Fax: (702) 597-5503
                  Email: baxelrod@foxrothschild.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by James M. Rhodes, president of Truckee
Springs Holdings, Inc., manager of Mohave Agrarian Group.

Largest Unsecured Creditor:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
John Garrett
                                           $500,000
5180 Cameron Street, Suite 6
Las Vegas, NV 89118


MOHAVE AGRARIAN: Section 341 Meeting Scheduled for Feb. 4
---------------------------------------------------------
A meeting of creditors in the bankruptcy case of Mohave Agrarian
Group, LLC will be held on Feb. 4, 2016, at 4:00 p.m. at 341s -
Foley Bldg,Rm 1500.  Creditors have until May 4, 2016, to file
their proofs of claim.

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

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

                       About Mohave Agrarian

Mohave Agrarian Group, LLC filed a Chapter 11 bankruptcy petition
(Bankr. D. Nev. Case No. 16-10025) on Jan. 5, 2016.  The petition
was signed by James M. Rhodes as president of Truckee Springs
Holdings, Inc., manager of Mohave Agrarian.  The Debtor has
estimated assets of $10 million to $50 million and liabilities of
at least $1 million.  Fox Rothschild LLP represents the Debtor as
counsel.  Judge Mike K. Nakagawa has been assigned the case.


MYERS INVESTMENT: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Myers Investment Company
        A California Limited Partnership
        PO Box 6839
        Orange, CA 92863

Case No.: 16-10064

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: January 5, 2016

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

Judge: Hon. Barry Russell

Debtor's Counsel: Babak Samini, Esq.
                  SAMINI SCHEINBERG, PC
                  840 Newport Center Drive, Ste 700
                  Newport Beach, CA 92660
                  Tel: 949-724-0900
                  Fax: 949-724-0901
                  Email: saminicourtnotice@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Doug Woodard, president.

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


NEPHROS INC: MFA Replaces WithumSmith+Brown as Accountants
----------------------------------------------------------
Nephros, Inc., notified WithumSmith+Brown PC on Dec. 30, 2015, that
it had been dismissed as the Company's independent registered
public accounting firm.  The Company has engaged MFA - Moody
Famiglietti & Andronico, LLP as its new independent registered
public accounting firm effective immediately.  The Company's audit
committee approved the change in independent accountants.

The audit report of the Former Accounting Firm on the Company's
financial statements as of and for the fiscal year ended Dec. 31,
2014, did not contain an adverse opinion or disclaimer of opinion,
nor were such reports qualified or modified as to uncertainty,
audit scope or accounting principles, except as follows: such audit
report contained an explanatory paragraph in which the Former
Accounting Firm expressed substantial doubt as to the Company's
ability to continue as a going concern as a result of its financial
performance.

During the two fiscal years ended Dec. 31, 2014, and 2013 and
through Dec. 30, 2015, there were no (a) disagreements between the
Company and the Former Accounting Firm on any matter of accounting
principles or practices, financial statement disclosure, or
auditing scope or procedures, which, if not resolved to the
satisfaction of the Former Accounting Firm, would have caused the
Former Accounting Firm to make reference thereto in connection with
its opinion on the financial statements for such years or (b)
"reportable events," as such term is defined in Item 304(a)(1)(v)
of Regulation S-K, other than as follows:

On a Form 8-K dated March 26, 2015, the Company reported that its
audited financial statements for each of the fiscal years ended
Dec. 31, 2009, through Dec. 31, 2013, and the Company's unaudited
financial statements for each of the fiscal quarters ended
March 31, 2009, through Sept. 30, 2014, should no longer be relied
upon because of a misstatement relating the Company's accounting
for certain outstanding common stock purchase warrants as
components of equity instead of as derivative liabilities.  On the
Form 10-K for the year ended Dec. 31, 2014, the Company restated
the Financial Statements and, as a result of the restatement,
reported the existence of a material weakness in its internal
control over financial reporting related to the accounting for
these warrants.  The Company is in the process of implementing
additional procedures and processes for remediating this material
weakness.

During the Company's two most recent fiscal years and the
subsequent interim period prior to the engagement of the New
Accounting Firm, the Company did not consult with the New
Accounting Firm.

                           About Nephros

River Edge, N.J.-based Nephros, Inc., is a commercial stage
medical device company that develops and sells high performance
liquid purification filters.  Its filters, which it calls
ultrafilters, are primarily used in dialysis centers and
healthcare facilities for the production of ultrapure water and
bicarbonate.

Nephros reported a net loss of $7.37 million on $1.74 million of
total net revenues for the year ended Dec. 31, 2014, compared to
net income of $1.32 million on $1.74 million of total net revenues
for the year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $3.4 million in total assets,
$9.3 million in total liabilities and a stockholders' deficit of
$5.9 million.

Withum Smith+Brown PC, in Morristown, New Jersey, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has incurred
negative cash flow from operations and recurring net losses since
inception.  These conditions, among others, raise substantial doubt
about its ability to continue as a going concern.


NEW YORK CITY OPERA: Reorganization Plan Faces Criticism
--------------------------------------------------------
Jennifer Smith, writing for The Wall Street Journal, reported that
the sniping over rival proposals to resurrect New York City Opera
may be over, but the remaining plan, now awaiting confirmation in
federal bankruptcy court, is still raising some eyebrows.

According to the report, on Jan. 4, the New York state attorney
general's office filed a somewhat skeptical response to the
reorganization plan sponsored by NYCO Renaissance Ltd., a group led
by former City Opera trustee Roy Niederhoffer.  The filing fell
short of a formal objection to the plan, which would pay off NYCO's
creditors and relaunch the moribund company with an initial budget
of $5.5 million, the Journal said.

The attorney general's office, which oversees nonprofits, said NYCO
Renaissance hadn't yet provided sufficient evidence supporting its
financial projections, the Journal related.  Though "the Plan is
almost certainly financially viable in the short run," wrote
Assistant Attorney General Rose Firestein, that "cannot be said for
the Plan's financial sustainability beyond its first few years,"
the report further related.

                     About New York City Opera

New York City Opera, Inc., sought Chapter 11 bankruptcy protection
(Bankr. S.D.N.Y. Case No. 13-13240) on Oct. 3, 2013.  Created 70
years ago, the company was once dubbed "the people's opera" by
Mayor Fiorello LaGuardia, and was a breeding ground for young
talent that included Beverly Sills and Placido Domingo.

The Opera estimated between $1 million and $10 million in both
assets and debt.

The petition was signed by George Steel, general manager and
artistic director.  Kenneth A. Rosen, Esq., at Lowenstein Sandler
LLP, serves as the opera's counsel.  Ewenstein Young & Roth LLP
serves as special counsel.


NIEBERG MIDWOOD: Case Summary & 14 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Nieberg Midwood Chapel Inc
        1625 Coney Island Avenue
        Brooklyn, NY 11230

Case No.: 16-40028

Chapter 11 Petition Date: January 5, 2016

Court: United States Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Hon. Elizabeth S. Stong

Debtor's Counsel: Randy M Kornfeld, Esq.
                  KORNFELD & ASSOCIATES, P.C.
                  570 Lexington Avenue, 17th Floor
                  New York, NY 10022
                  Tel: (212) 759-6767
                  Fax: (212) 759-6766
                  Email: rkornfeld@kornfeldassociates.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Stanley Nieberg, vice president.

A list of the Debtor's 14 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nyeb16-40028.pdf


OLD VILLAGE INN: Exits Chapter 11 Bankruptcy Protection
-------------------------------------------------------
Joni Hubred-Golden, writing for Farmington Voice, reports that Old
Village Inn, Inc., dba John Cowley & Sons, said that it has emerged
from Chapter 11 bankruptcy on on Dec. 18, 2015, with financing
secured through the help of suppliers and a lender.

The business "experienced some business loss, but kept our 30
employees working during this period of restructure, never missing
a payroll or a supplier payment . . . .  Our business financing is
secure and we are now positioned to participate in Farmington's
growth goals for the future," Farmington Voice quoted the Company
as saying.

Farmington Voice relates that the Company explained that financing
required to open its two-story building in 2002, along with the
passing of founders John and Mary Cowley in 2013, lead to the
restructuring.

The Company (Bankr. D. E.D. Mich. Case No. 15-51186) and affiliates
Cowley Equipment, LLC (Bankr. D. E.D. Mich. Case No. 15-51190), and
Cowley Investments, LLC (Bankr. D. E.D. Mich. Case No. 15-51191)
filed separate Chapter 11 bankruptcy petitions on July 27, 2015.
The Old Village petition was signed by Gregory P. Cowley,
president.

Judge Phillip J Shefferly presides over the Company and Cowley
Investments cases. Judge Thomas J. Tucker presides over the Cowley
Equipment case.

Charles D. Bullock, Esq., at Stevenson & Bullock, P.L.C. Serves as
the Debtors' bankruptcy counsel.

The Company estimated its assets at between $100,000 and $500,000,
and its liabilities at between $1 million and $10 million.  Cowley
Equipment estimated its assets at between $50,000 and $100,000 and
its liabilities at between $1 million and $10 million.  Cowley
Investments estimated its assets at between $1 million and $10
million and its liabilities at between $1 million and $10 million.


ONE SOURCE: SSG Acted as Investment Banker on Refinancing, Sale
---------------------------------------------------------------
SSG Capital Advisors, LLC acted as the investment banker to the One
Source companies on refinancing its working capital facility with
Briar Capital L.P. and the sale of its membership interests in
multiple business divisions to Dynamic Holdings, LLC.  The
transactions closed in October and November 2015, respectively.

One Source provides well site and related services to blue chip
customers throughout the Permian Basin, Barnett Shale, and the
Houston Ship Channel.  The Company's services include crude
hauling, well site, equipment rental and transportation, and
environmental, construction, and roustabout services.

Plunging oil prices in late 2014 exerted tremendous pressure on
companies in the oil and gas energy sector with oilfield service
companies taking one of the biggest hits.  Oilfield service
companies were squeezed by larger exploration and production
companies that were focused on cutting costs and improving cash
flow.  The industry decline coupled with One Source's significant
debt burden led to certain entities of the Company filing for
Chapter 11 in December 2014 and January 2015.  One Source engaged
SSG to evaluate strategic alternatives to help restructure the
Company.

The Company's pre-petition lender initially continued to support
its factoring agreement with One Source.  However, in order to
reduce its portfolio exposure to energy companies, the lender
significantly modified the terms of the factoring agreement which
ultimately led the Company to seek an alternate source of
financing.  SSG contacted a wide range of potential lenders to
discuss a new financing facility.  While several parties submitted
competitive offers, the term sheet from Briar was determined to be
the best solution.  SSG's experience in identifying lenders and
running an expedited financing process enabled the Company to
preserve liquidity.  The transaction closed in October 2015.

In addition to replacing its lender, some of the alternatives
considered by One Source and SSG included marketing non-core assets
and business units for sale, implementing operational initiatives,
and ultimately restructuring the Company around core businesses.
While management believed that they had derived a configuration for
the businesses which would allow for them to operate on a
profitable basis, the cyclical nature of the businesses and time
required to implement the plan made a standalone restructuring
impossible.

One Source and its advisors concluded that the best option was to
sell the Company's membership interests in its core business units
to Dynamic, a group of managers who presented an offer to assume
all the outstanding liabilities connected with the purchased assets
and provide additional cash to the estate.  The sale enabled One
Source to maximize value while preserving a significant number of
jobs and maintaining the loyalty of its customer base.  The
transaction closed in November 2015.

Other professionals who worked on the transaction include:

    * Jay H. Krasoff of Chiron Financial Group, Inc., co-investment
banker to the One Source companies;
    * J. Robert Forshey and Suzanne K. Rosen of ForsheyProstok,
L.L.P., bankruptcy counsel to the One Source companies;
    * Gordon W. Hall of Hall & Stephen, P.C., corporate counsel to
the One Source companies;
    * John P. Boylan and Roy W. Jageman of EJC Ventures, L.P.,
financial consultants to the One Source companies; and
    * Lynnette R. Warman of Culhane Meadows, PLLC, counsel to the
Official Committee of Unsecured Creditors.

               About SSG Capital Advisors, LLC

SSG Capital Advisors is an independent boutique investment bank
that assists middle-market companies and their stakeholders in
completing special situation transactions.  It provides its clients
with comprehensive investment banking services in the areas of
mergers and acquisitions, private placements, financial
restructurings, valuations, litigation and strategic advisory.

SSG Capital Advisors, LLC (Member FINRA, SIPC) is a wholly owned
broker dealer of SSG Holdings, LLC.  SSG is a registered trademark
for SSG Capital Advisors, LLC.  SSG provides investment banking,
restructuring advisory, merger, acquisition and divestiture
services, private placement services and valuation opinions.

                   About One Source Industrial

One Source Industrial Holdings, LLC, and One Source Industrial LLC
are both limited liability companies that are part of a corporate
family of affiliated companies.

One Source Industrial Holdings holds equipment utilized by various
related entities which provide rental equipment and industrial
services to businesses in the oil and gas, refining, manufacturing,
pipeline, shipping, and construction industries.  The types of
equipment possessed by One Source include, e.g., hazardous material
transportation vehicles, frac tanks, tank trailers, barrel mix tank
and vacuum tankers, air machines, and waste and other industrial
boxes and tanks.  Industrial provides executive management,
accounting, and overhead services for Holdings.

One Source Holdings sought Chapter 11 bankruptcy protection (Bankr.
N.D. Tex. Case No. 14-44996) in Ft. Worth, Texas, on Dec. 16, 2014.
One Industrial sought Chapter 11 bankruptcy protection (Bankr. N.D.
Tex. Case No. 15-400038) on Jan. 4, 2015.

On Jan. 9, 2015, the Court approved the joint administration of the
Debtors' cases for procedural purposes only.

Holdings' case is assigned to Judge Russell F. Nelms.

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

The Debtors are represented by J. Robert Forshey, Esq., and Suzanne
K. Rosen, Esq., at Forshey & Prostok, LLP, in Ft. Worth, Texas.

No creditor's committee has been appointed in the cases.  Further,
no trustee or examiner has been requested or appointed in the
Debtors' Chapter 11 cases.


OPTIMUMBANK HOLDINGS: To Effect a 1-for-10 Reverse Stock Split
--------------------------------------------------------------
OptimumBank Holdings, Inc., announced that effective at 5:00 pm,
Eastern Time, on Jan. 11, 2016, the Company will effect a
one-for-ten reverse stock split of its outstanding common stock.
The Company's common stock will open for trading on The NASDAQ
Capital Market on Jan. 12, 2016, on a post-split basis.

The reverse stock split is intended to increase the per share
trading price of the Company's common stock to satisfy the $1.00
minimum bid price requirement for continued listing on The NASDAQ
Capital Market.  As a result of the reverse stock split, every ten
shares of the Company's common stock issued and outstanding on the
Effective Time will be consolidated into one issued and outstanding
share, except to the extent that the reverse stock split results in
any of the Company's stockholders owning a fractional share, which
would be rounded up to the next highest whole share. In connection
with the reverse stock split, there will be no change in the
nominal par value per share of $0.01.

Trading of the Company's common stock on The NASDAQ Capital Market
will continue, on a split-adjusted basis, with the opening of the
markets on Monday, Jan. 12, 2016, under the existing trading symbol
"OPHC" under a new CUSIP number 68401P 403.  The reverse stock
split reduces the number of shares of the Company's common stock
outstanding from approximately 9,593,859 pre-reverse split shares
to approximately 959,386 post-reverse split.

The Company has retained its transfer agent, Continental Stock
Transfer & Trust Company, to act as its exchange agent for the
reverse stock split.  Continental will provide stockholders of
record as of the Effective Time a letter of transmittal providing
instructions for the exchange of their stock certificates.
Stockholders owning shares via a broker or other nominee will have
their positions automatically adjusted to reflect the reverse stock
split, subject to brokers' particular processes, and will not be
required to take any action in connection with the reverse stock
split.

The reverse stock split was approved by the directors of the
Company on Dec. 22, 2015.  The approval of the reverse stock split
does not require the approval of the shareholders of the Company.

                    About OptimumBank Holdings

OptimumBank Holdings, Inc., headquartered in Fort Lauderdale,
Fla., is a one-bank holding company and owns 100 percent of
OptimumBank, a state (Florida)-chartered commercial bank.

The Company offers a wide array of lending and retail banking
products to individuals and businesses in Broward, Miami-Dade and
Palm Beach Counties through its executive offices and three branch
offices in Broward County, Florida.

Optimumbank reported net earnings of $1.6 million on $5.39 million
of total interest income for the year ended Dec. 31, 2014, compared
to a net loss of $7.07 million on $5.28 million of total interest
income for the year ended Dec. 31, 2013.

Hacker, Johnson & Smith PA, in Fort Lauderdale, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2014.  The independent
auditors noted that the Company is in technical default with
respect to its Junior Subordinated Debenture.  The holders of the
Debt Securities could demand immediate payment of the outstanding
debt of $5,155,000 and accrued and unpaid interest, which raises
substantial doubt about the Company's ability to continue as a
going concern.

Effective April 16, 2010, the Bank consented to the issuance of a
consent order by the Federal Deposit Insurance Corporation and the
Florida Office of Financial Regulation.

As of Sept. 30, 2015, the Company had $119.60 million in total
assets, $116.42 million in total liabilities and $3.17 million in
total stockholders' equity.

                      Going Concern Status

The Company is in technical default with respect to its $5,155,000
Junior Subordinated Debenture.  The holders of the debenture could
demand payment of the $5,155,000 principal balance plus accrued and
unpaid interest totaling $913,000 at Sept. 30, 2015.  No
adjustments to the accompanying consolidated financial statements
have been made as a result of this uncertainty.  Management's plans
with regard to this matter are as follows: A Director of the
Company had agreed to purchase the Debenture and had agreed to
provide a forbearance of the payment to the Company upon
consummation of the purchase.  Although the agreed upon purchase
price for the Debenture had been tendered, the Trustee of the
Debenture had received conflicting direction and therefore on
Dec. 11, 2014, the Trustee commenced an Action for Interpleader in
the United States District Court for the Southern District of New
York.  On Aug. 31, 2015, the court held that the Trustee could not
sell the Debenture to the Director because certain conditions and
requirements set forth in the indenture for the Trust had not been
fulfilled.  The Director intends to continue his efforts to acquire
the Debenture.  Based upon the underlying Debenture documents,
Management does not believe the Trustee will call a Default at this
time.  The Company said it is continuing to pursue regulatory
approval for the interest payment and other mechanisms for paying
the accrued interest such as raising additional capital.


PANHANDLE IRON: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Panhandle Iron & Scrap, Inc.
        868 Murray Road
        Dothan, AL 36303

Case No.: 16-10012

Chapter 11 Petition Date: January 5, 2016

Court: United States Bankruptcy Court
       Middle District of Alabama (Dothan)

Judge: Hon. Dwight H. Williams Jr.

Debtor's Counsel: Cameron A. Metcalf, Esq.
                  ESPY, METCALF & ESPY, P.C.
                  P. O. Drawer 6504
                  Dothan, AL 36302
                  Tel: 334-793-6288
                  Email: cam@espymetcalf.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Joseph Donovan, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/almb16-10012.pdf


PETROQUEST ENERGY: Receives Continued NYSE Listing Standard Notice
------------------------------------------------------------------
PetroQuest Energy, Inc. on Jan. 4 disclosed that it received notice
from NYSE Regulation, Inc. that it is not in compliance with the
continued listing standards set forth in Section 802.01B of the
Listed Company Manual of the New York Stock Exchange, Inc. because
the Company's average global market capitalization fell below $50
million over a trailing consecutive 30 trading-day period and its
last reported stockholders' equity was less than $50 million.  As
required by the NYSE, the Company will notify the NYSE within ten
business days of its intent to cure the deficiency and return to
compliance with the NYSE continued listing requirements.

In accordance with NYSE procedures, the Company has 45 days from
the receipt of the notice to submit a business plan to the NYSE
demonstrating how it intends, within the next eighteen months, to
regain compliance with the continued listing standards set forth in
Section 802.01B of the Listed Company Manual.  The Company intends
to develop and submit such a business plan within the required time
frame and will continue to work with the NYSE to attempt to comply
with all continued listing standards.  Assuming that the NYSE
accepts the plan, the Company will be subject to quarterly
monitoring for compliance with the business plan and the Company's
common stock will continue to trade on the NYSE during the eighteen
month period, subject to the Company's compliance with other NYSE
continued listing requirements.  The NYSE may choose to shorten the
usual compliance period if prior to the end of the eighteen months
the Company's global market capitalization exceeds $50 million for
two consecutive quarters.

If the Company's common stock ultimately were to be delisted for
any reason, it could negatively impact the Company by (i) reducing
the liquidity and market price of the Company's common stock; (ii)
reducing the number of investors willing to hold or acquire the
Company's common stock, which could negatively impact the Company's
ability to raise equity financing; (iii) limiting the Company's
ability to use a registration statement to offer and sell freely
tradable securities, thereby preventing the Company from accessing
the public capital markets; and (iv) impairing the Company's
ability to provide equity incentives to its employees.

                     About PetroQuest Energy

PetroQuest Energy, Inc. is an independent energy company engaged in
the exploration, development, acquisition and production of oil and
natural gas reserves in Texas, Oklahoma, Louisiana and the shallow
waters of the Gulf of Mexico.  PetroQuest's common stock trades on
the New York Stock Exchange under the ticker PQ.


PG&E CORP: Order Allowing Withdrawal of $52MM from Escrow Affirmed
------------------------------------------------------------------
Reorganized debtor Pacific Gas and Electric Company filed two
motions at the bankruptcy court.  The first sought to withdraw
$36,050,199 from the Class 6 escrow, which reflected the principal
component of its Deemed Distribution under the TransAlta agreement,
plus the interest that had accrued on that sum in the Class 6
escrow account.  The second motion sought to withdraw $16,466,914
from the Class 6 escrow account, which reflected the principal
component of PG&E's Deemed Distribution under the Avista agreement,
plus the interest that had accrued on that sum in the Class 6
escrow account.

California Power Exchange Corp. objected to both motions. CalPX
also moved for an order requiring PG&E to replenish the Class 6
escrow account.

The bankruptcy court granted reorganized debtor's motion to
withdraw funds from an escrow account established to secure claims
against it. The bankruptcy court also denied CalPX's request for an
order requiring the reorganized debtor to replenish the escrow
account. CalPX seeks judicial review of both orders.

In an Order dated December 14, 2015, which is available at
http://is.gd/5wlH5jfrom Leagle.com, Judge William Alsup of the
United States District Court for the Northern District of
California affirmed the decision of the bankruptcy court.

The case is REORGANIZED CALIFORNIA POWER EXCHANGE CORPORATION,
Appellant, v. PACIFIC GAS AND ELECTRIC CO., Appellee, Nos. C
15-01141 WHA, C 15-01149 WHA, Bk. No. 01-30923 DM.

Reorganized California Power Exchange Corporation, Appellant,
represented by Alicia Marie Clough, Esq. --
alicia.clough@kayescholer.com -- Kaye Scholer LLP, Julie A
Belezzuoli, Esq. -- julie.belezzouli@kayescholer.com -- Kaye
Scholer LLP, Marc Stephen Cohen, Esq. -- marc.cohen@kayescholer.com
-- Kaye Scholer LLP & Sheldon Louis Solow, Esq. --
sheldon.solow@kayescholer.com -- Kaye Scholer LLP.

Pacific Gas and Electric Company, Appellee, represented by Gary M.
Kaplan, Esq. -- gkaplan@fbm.com -- Farella Braun + Martel LLP.

William Neary, Trustee, represented by Patricia A. Cutler, Office
of the U.S. Trustee.

                     About PG&E Corporation

Headquartered in San Francisco, California, PG&E Corporation
(NYSE:PCG) -- http://www.pgecorp.com/-- is an energy-based    
holding company.  The company's operations include electric and
gas distribution, natural gas and electric transmission, and
electric generation.  It is the parent company of Pacific Gas and
Electric Company.

Pacific Gas filed for Chapter 11 protection on April 6, 2001
(Bankr. N.D. Cal. Case No. 01-30923).  James L. Lopes, Esq.,
William J. Lafferty, Esq., and Jeffrey L. Schaffer, Esq., at
Howard, Rice, Nemerovski, Canady, Falk & Rabkin represent the
Debtors in their restructuring efforts.  On June 30, 2001, the
Company listed $23,216,000,000 in assets and $22,152,000,000 in
debts.  Pacific Gas emerged from chapter 11 protection April 12,
2004, paying all creditors 100 cents-on-the-dollar plus
postpetition interest.


PITTSBURGH CORNING: Plan of Reorganization Appeals Withdrawn
------------------------------------------------------------
PPG Industries on Jan. 6 disclosed that all pending appeals of the
Pittsburgh Corning Plan of Reorganization have been withdrawn.  The
Pittsburgh Corning Plan was confirmed by the U.S. Bankruptcy Court
for the Western District of Pennsylvania in May 2013.

Under the plan, PPG and its participating insurers will make
initial contributions to the asbestos trust established by the plan
within 30 business days after the plan becomes effective and all
conditions to funding have been met.  PPG anticipates that those
conditions to funding will be satisfied and funding will take place
in the first half of 2016.

PPG and Corning Incorporated are each 50-percent shareholders of
Pittsburgh Corning, which filed for Chapter 11 bankruptcy
protection in 2000.

                    About Pittsburgh Corning

Pittsburgh Corning Corporation filed for Chapter 11 bankruptcy
protection (Bankr. W.D. Pa. Case No. 00-22876) on April 16, 2000,
to address numerous claims alleging personal injury from exposure
to asbestos.  At the time of the bankruptcy filing, there were
about 11,800 claims pending against the Company in state court
lawsuits alleging various theories of liability based on exposure
to Pittsburgh Corning's asbestos products and typically requesting
monetary damages in excess of $1 million per claim.

Judge Thomas Agresti handles the bankruptcy case.  Reed Smith LLP
serves as counsel and Deloitte & Touche LLP as accountants to the
Debtor.

The U.S. Trustee appointed a Committee of Unsecured Trade Creditors
on April 28, 2000.  The Bankruptcy Court authorized the retention
of Leech, Tishman, Fuscaldo & Lampl, LLC, as counsel to the
Committee of Unsecured Trade Creditors, and Pascarella & Wiker,
LLP, as financial advisor.

The U.S. Trustee also appointed a Committee of Asbestos Creditors
on April 28, 2000.  The Bankruptcy Court authorized the retention
of these professionals by the Committee of Asbestos Creditors: (i)
Caplin & Drysdale, Chartered as Committee Counsel; (ii) Campbell &
Levine as local counsel; (iii) Anderson Kill & Olick, P.C. as
special insurance counsel; (iv) Legal Analysis Systems, Inc., as
Asbestos-Related Bodily Injury Consultant; (v) defunct firm, L.
Tersigni Consulting, P.C. as financial advisor, and (vi) Professor
Elizabeth Warren, as a consultant to Caplin & Drysdale, Chartered.

On Feb. 16, 2001, the Court approved the appointment of Lawrence
Fitzpatrick as the Future Claimants' Representative.  The
Bankruptcy Court authorized the retention of Meyer, Unkovic & Scott
LLP as his counsel, Young Conaway Stargatt & Taylor, LLP, as his
special counsel, and Analysis, Research and Planning Corporation as
his claims consultant.

In 2003, a plan of reorganization was agreed to by various
parties-in-interest, but, on Dec. 21, 2006, the Bankruptcy Court
issued an order denying the confirmation of that plan, citing that
the plan was too broad in addressing independent asbestos claims
that were not associated with Pittsburgh Corning.

On Jan. 29, 2009, an amended plan of reorganization (the Amended
PCC Plan) -- which addressed the issues raised by the Court when it
denied confirmation of the 2003 Plan -- was filed with the
Bankruptcy Court.

As reported by the TCR on April 25, 2012, Pittsburgh Corning, which
is a joint venture between Corning Inc. and PPG Industries Inc.,
filed another amendment to its reorganization plan designed to wrap
up a Chapter 11 begun 12 years ago.

PCC's balance sheet at Sept. 30, 2012, showed $29.4 billion in
total assets, $7.52 billion in total liabilities and $21.9 billion
in total equity.


PLEASE TOUCH MUSEUM: Jan. 27 Hearing on Disclosure Statement
------------------------------------------------------------
At a hearing on Jan. 27, 2016, at 1:00 p.m., Please Touch Museum
will ask the U.S. Bankruptcy Court for the Eastern District of
Pennsylvania to approve the Disclosure Statement for its Chapter 11
Plan.

The Debtor filed its proposed Chapter 11 Plan on Nov. 20, 2015,
proposed a Dec. 23 hearing on the Disclosure Statement, and
targeted a Jan. 27, 2016 hearing to consider confirmation of the
Plan.

The Plan contemplates the reorganization of the Debtor, a
non-profit corporation. The indenture trustee's claim on account of
the Debtor's bond obligation will be paid in accordance with the
term sheet entered into prepetition, such that on or before March
15, 2016, the indenture trustee will receive from PTM $5,750,000,
plus the remaining value of funds held by the Trustee, in full
satisfaction of the claims of any individual bondholders.  Claims
of persons holding valid memberships to the Museum are unimpaired.
Holders of general unsecured claims will receive cash equal to 100%
of their allowed claims on the Effective Date.  The City of
Philadelphia's claim related to the Memorial Hall lease is not
impaired and the lease will be assumed by the Debtor.

A copy of the Disclosure Statement filed Nov 20, 2015, is available
for free at:

      http://bankrupt.com/misc/Please_Touch_M_169_DS.pdf

Counsel to the Debtor:

         Lawrence G. McMichael, Esq.
         Peter C. Hughes, Esq.
         Catherine G. Pappas, Esq.
         DILWORTH PAXSON LLP
         1500 Market St., Suite 3500E
         Philadelphia, PA 19102
         Telephone: (215) 575-7000
         Facsimile: (215) 575-7200

                     About Please Touch Museum

Please Touch Museum operates a children's museum known as the
Please Touch Museum located at Memorial Hall in the Fairmount Park
section of Philadelphia.  It generates its revenues through a
combination of sales of memberships and tickets to the Museum,
event revenue, endowment income, and charitable contributions.

Please Touch Museum filed Chapter 11 bankruptcy petition (Bankr.
E.D. Pa. Case No. 15-16558) on Sept. 11, 2015.  The petition was
signed by Lynn McMaster, the president and chief executive officer.


Judge Jean K. FitzSimon is assigned to the case.

The Debtor disclosed total assets of $16,244,356 and total
liabilities of $63,513,617.

Dilworth Paxson LLP serves as the Debtor's counsel.  EisnerAmper
LLP acts as the Debtor's financial advisor.  Isdaner & Company, LLC
is the Debtor's tax advisor and auditor.  Rust Consulting/Omni
Bankruptcy is the Debtor's claims, notice and solicitation agent.


POINT BLANK: Brooks Appeal Plan Confirmation Order
--------------------------------------------------
Creditors David H. Brooks and Jeffrey R. Brooks each has taken an
appeal from the Order Confirming the Second Amended Joint Chapter
11 Plan of Liquidation proposed by SS Body Armor I, Inc., et al.,
and the Official Committee of Unsecured Creditors.

Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware on Nov. 10, 2015, entered an order confirming
the Plan.  The Debtors have announced that the effective date of
the Plan occurred Nov. 23, 2015.

According to a Dec. 1, 2015 notice of the clerk of court of the
U.S. District Court for the District of Delaware, "In accordance
with the Standing Order of the Court dated Sept. 11, 2012, the case
will be referred to a United States Magistrate Judge to determine
the appropriateness of mediation.  Briefing will be deferred."

Jeffrey Brooks (Civil Action No. 15-1091) presents these issues on
appeal:

  1. Whether the Bankruptcy Court erred in confirming the Second
     Amended Joint Chapter 11 Plan of Liquidation Proposed by
     the Debtors and Official Committee of Unsecured Creditors.

  2. Whether the record below supports granting the releases,
     exculpations and plan injunctions approved in the Plan.

  3. Whether the record below supports substantive consolidation
     of the estates of all the Debtors as provided in the Plan.

  4. Whether the Plan proponents complied with the requirement
     of 11 U.S.C. Sec. 1129(a)(10) that "at least one class of
     claims that is impaired under the plan [within the meaning
     of 11 U.S.C. Sec. 1124] has accepted the plan [as provided
     in 11 U.S.C. Sec. 1126], determined without including any
     acceptance of the plan by any insider."

  5. Whether Class 5 of the Plan was an impaired class of claims
     within the meaning of 11 U.S.C. Sec. 1124, who accepted the
     Plan without including the acceptance of the plan by any
     insider.

  6. Whether Class 5 consists of "claims" for purposes of 11
     U.S.C. Sec. 1129(a)(10).

  7. Whether Class 5 should have been deemed to have rejected
     the Plan under 11 U.S.C. Sec. 1126(g) because any property
     received or retained by such class members was not "under
     the plan" and/or because it was not "on account of such
     claims or . . .."

  8. Whether Class 5 should have otherwise been disqualified
     from satisfying 11 U.S.C. Sec. 1129(a)(10).

  9. Whether the Plan complied with 11 U.S.C. Sec. 510(b) to
     subordinate securities claims to the level of common stock.

10. Whether the Plan complied with 11 U.S.C. Sec. 1129(b)(2) in
     unfairly discriminating between members of Class 6 (equity)
     and members of Class 5 (securities claims).

11. Whether the Plan violates the absolute priority rule of
     11 U.S.C. Sec. 1129(b).

David H. Brooks (Civil Action No. 15-1090) is presenting these
issues on appeal:

  1. Whether the Bankruptcy Court erred in confirming the Second
     Amended Joint Chapter 11 Plan of Liquidation Proposed by
     the Debtors and Official Committee of Unsecured Creditors.

  2. Whether the record below supports granting the releases,
     exculpations and plan injunctions approved in the Plan.

  3. Whether the record below supports substantive consolidation
     of the estates of all the Debtors as provided in the Plan.

  4. Whether the Plan proponents complied with the requirement
     of 11 U.S.C. Sec. 1129(a)(10) that "at least one class of
     claims that is impaired under the plan [within the meaning
     of 11 U.S.C. Sec. 1124] has accepted the plan [as provided
     in 11 U.S.C. Sec. 1126], determined without including any
     acceptance of the plan by any insider."

  5. Whether Class 5 of the Plan was an impaired class of claims
     within the meaning of 11 U.S.C. Sec. 1124, who accepted
     the Plan without including the acceptance of the plan by
     any insider.

  6. Whether Class 5 consists of "claims" for purposes of
     11 U.S.C. Sec. 1129(a)(10).

  7. Whether Class 5 should have been deemed to have rejected
     the Plan under 11 U.S.C. Sec. 1126(g) because any property
     received or retained by such class members was not "under
     the plan" and/or because it was not "on account of such
     claims or interests."

  8. Whether Class 5 should have otherwise been disqualified
     from satisfying 11 U.S.C. Sec. 1129(a)(10).

  9. Whether the Plan complied with 11 U.S.C. Sec. 510(b) to
     subordinate securities claims to the level of common stock.

10. Whether the Plan complied with 11 U.S.C. Sec. 1129(b)(2) in
     unfairly discriminating between members of Class 6 (equity)
     and members of Class 5 (securities claims).

11. Whether the Plan violates the "absolute priority rule" by
     paying Class 5 claimants in full before paying Class 3
     general unsecured claims.

12. Whether the Plan's disclosure statement contains "adequate
     information" as required by 11 U.S.C. Sec. 1125 as a
     prerequisite for the Debtor's solicitation of Plan
     acceptances.

13. Whether the solicitation procedures set forth in the Plan
     are otherwise fair and meet all statutory requirements.

Counsel for appellant Jeffrey R. Brooks

         Christopher D. Loizides, Esq.
         LOIZIDES, P.A.
         1225 King Street, Suite 800
         Wilmington, DE 19801
         Telephone: (302) 654-0248
         Facsimile: (302) 564-0728
         E-mail: loizides@loizides.com

Counsel for David H. Brooks:

         Thomas J. Francella, Jr., Esq.
         WHITEFORD TAYLOR & PRESTON LLC
         The Renaissance Centre
         405 North King Street, Suite 500
         Wilmington, DE 19801-3700
         Telephone: (302) 357-3252
         Facsimile: (302) 357-3272
         E-mail: tfrancella@wtplaw.com

                        About Point Blank

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

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

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

Point Blank Solutions, formerly DHB Industries, filed for Chapter
11 protection (Bankr. D. Del. Case No. 10-11255) on April 14,
2010.

Laura Davis Jones, Esq., Alan J. Kornfeld, Esq., David M.
Bertenthal, Esq., and Timothy P. Cairns, Esq., at Pachulski Stang
Ziehl & Jones LLP, serve as bankruptcy counsel to the Debtor.
Olshan Grundman Frome Rosenweig & Wolosky LLP serves as corporate
counsel.  Epiq Bankruptcy Solutions serves as claims and notice
agent.

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

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


POINT BLANK: Brooks Seeks to Stay Disbursement of $20M from Escrow
------------------------------------------------------------------
David H. Brooks, a creditor, filed a motion for an immediate order
staying the disbursements of any funds from the 2006 Escrow Account
in favor of debtors SS Body Armor I, Inc., et al.

Mr. Brooks told the U.S. Bankruptcy Court overseeing SS Body
Armor's case that, in connection with the Nov. 10, 2015 order
confirming the Liquidating Plan for the Debtors, they now stand to
receive the benefit of a disbursement of the $20 million interest
free loan from the 2006 Escrow Account.

Throughout the entire confirmation process, Mr. Brook's appeals on
both the Order Granting Debtor Point Blank Solution Inc.'s Motion
for Order Under 11 U.S.C. Sec. 365(a) Authorizing Rejection of
Class and Derivative Action Settlement Agreement and the appeal of
the Court's Order approving Debtors' Amended Motion for Approval of
Settlement Agreement, with Class Plaintiffs, Plaintiffs' Counsel
and Derivative Counsel.  Mr. Brooks made prior attempts to have the
stay lifted, in hopes of resolving the appeal.  The Debtors fought
those efforts.

Thomas J. Francella, Jr., Esq., at Whiteford Taylor & Preston LLC,
avers that now that the Confirmation Order has been entered, Mr.
Brooks will finally have his day in court as he can now pursue his
appellate rights.  However, unless a stay is entered by the Court
regarding the disbursement of the $20 million, Mr. Brooks stands
irreparably harmed if he is ultimately successful on appeal as the
vast majority of the funds held in the 2006 Escrow Account will no
longer be held in escrow.

Mr. Brooks funded the majority of the 2006 Escrow Account and two
of his claims against the estate are claims relating directly to
the funds held in such account.  Mr. Brooks claims to those funds
were utterly disregarded when the Debtors and the Class Plaintiffs
entered into the Settlement Agreement which was ultimately approved
by the Bankruptcy Court in July of 2015 over the objection of Mr.
Brooks.

Counsel for David H. Brooks:

         Thomas J. Francella, Jr., Esq.
         WHITEFORD TAYLOR & PRESTON LLC
         The Renaissance Centre
         405 North King Street, Suite 500
         Wilmington, DE 19801-3700
         Telephone: (302) 357-3252
         Facsimile: (302) 357-3272
         E-mail: tfrancella@wtplaw.com

                        About Point Blank

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

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

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

Point Blank Solutions, formerly DHB Industries, filed for Chapter
11 protection (Bankr. D. Del. Case No. 10-11255) on April 14,
2010.

Laura Davis Jones, Esq., Alan J. Kornfeld, Esq., David M.
Bertenthal, Esq., and Timothy P. Cairns, Esq., at Pachulski Stang
Ziehl & Jones LLP, serve as bankruptcy counsel to the Debtor.
Olshan Grundman Frome Rosenweig & Wolosky LLP serves as corporate
counsel.  Epiq Bankruptcy Solutions serves as claims and notice
agent.

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

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


POINT BLANK: Plan Declared Effective; Fee Claims Due Jan. 22
------------------------------------------------------------
SS Body Armor I, Inc., et al., known as Point Blank Solutions,
Inc., et al., before selling their assets, notified parties that
the effective date of their plan of liquidation occurred Nov. 23,
2015.

The deadline for filing requests for payment of administrative
claims -- other than professional fee claims -- was Dec. 23, 2015
(which is 30 days after the Effective Date).  The deadline to file
final requests for payment of professional fee claims is Jan. 22,
2016 (which is 60 days after the Effective Date).

Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware on Nov. 10, 2015, confirmed the Second Amended
Joint Chapter 11 Plan of Liquidation proposed by SS Body Armor I,
Inc., et al., and the Official Committee of Unsecured Creditors.

The Debtors said that the Plan represents and will facilitate an
extensively negotiated resolution of highly contentious disputes
during these cases between the Debtors, the Creditors' Committee,
the lead plaintiffs in the consolidated securities class action
captioned In re DHB Industries, Inc. Class Action Litigation, Case
No. 05-cv-04296 (E.D.N.Y.), and other key parties, who are also
parties to the Amended Settlement Agreement dated May 4, 2015 and
the Addendum to Amended Settlement Agreement dated June 10, 2015,
by and among the Settlement Parties.  The Settlement Agreement
provides the Debtors with an immediate source of cash to fund the
Plan, in the form of a $20 million, interest-free, non-recourse
loan from the Escrowed Funds, which funds are currently the subject
of multiple litigation matters.

Counsel for the Debtors:

         Laura Davis Jones, Esq.
         David M. Bertenthal, Esq.
         Alan J. Kornfeld, Esq.
         James E. O'Neill, Esq.
         PACHULSKI STANG ZIEHL & JONES LLP
         919 North Market Street, 17th Floor
         P.O. Box 8705
         Wilmington, DE 19899-8705
         Telephone: (302) 652-4100
         Facsimile: (302) 652-4400
         E-mail: ljones@pszjlaw.com
                 dbertenthal@pszjlaw.com
                 akornfeld@pszjlaw.com
                 joneill@pszjlaw.com

                        About Point Blank

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

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

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

Point Blank Solutions, formerly DHB Industries, filed for Chapter
11 protection (Bankr. D. Del. Case No. 10-11255) on April 14,
2010.

Laura Davis Jones, Esq., Alan J. Kornfeld, Esq., David M.
Bertenthal, Esq., and Timothy P. Cairns, Esq., at Pachulski Stang
Ziehl & Jones LLP, serve as bankruptcy counsel to the Debtor.
Olshan Grundman Frome Rosenweig & Wolosky LLP serves as corporate
counsel.  Epiq Bankruptcy Solutions serves as claims and notice
agent.

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

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


QUALSTAR CORP: Receives NASDAQ Bid Price Deficiency Notice
----------------------------------------------------------
Qualstar(R) Corporation, a manufacturer of data storage solutions
and high-efficiency power supplies, on Jan. 5 disclosed that on
December 29, 2015, the Company received a letter from the Nasdaq
Listings Qualifications department of the Nasdaq Capital Market
notifying the Company that, for the last 30 consecutive business
days, the bid price of the Company's common stock had closed below
the minimum $1.00 per share required for continued inclusion on The
Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2).  The
notification has no immediate effect on the listing of the
Company's common stock.

The notification letter states that the Company will be afforded
180 calendar days, or until June 27, 2016, to regain compliance
with the minimum bid price requirement.  In order to regain
compliance, shares of the Company's common stock must maintain a
minimum bid closing price of at least $1.00 per share for a minimum
of ten consecutive business days.  If, at any time during the
180-day compliance period, the closing bid price per share of the
Company's common stock is at least $1.00 for a minimum of ten
consecutive business days, Nasdaq will provide the Company a
written confirmation of compliance and the matter will be closed.

If such compliance cannot be demonstrated by June 27, 2016, the
Company may be eligible for additional time, provided that the
Company can meet all other initial listing requirements for The
Nasdaq Capital Market and provides written notice of its intention
to cure the deficiency during a second compliance period.  However,
if it appears to the Staff of Nasdaq that the Company will not be
able to cure the deficiency, or if the Company is otherwise not
eligible, the Company will be provided a notice that its securities
will be subject to delisting from The Nasdaq Capital Market.

The Company intends to actively monitor the bid price for its
common stock between now and June 27, 2016, and will consider all
available options.  There can be no assurance that the Company will
be able to regain compliance with the Nasdaq minimum bid price
requirement or maintain compliance with other Nasdaq listing
requirements.

                   About Qualstar Corporation

Qualstar, founded in 1984, -- http://www.qualstar.com-- is a
diversified electronics manufacturer specializing in data storage
and power supplies.  Qualstar is a provider of high-efficiency and
high density power supplies marketed under the N2Power(TM) brand,
and of data storage systems marketed under the Qualstar(TM) brand.


QUANTUM FUEL: Terminates Debt Repayment Agreement
-------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc., Advanced Green
Innovations, LLC and its affiliates ZHRO Solutions, LLC and
Advanced Green Technologies, LLC are parties to that certain Debt
Repayment Agreement, dated Dec. 10, 2014, which agreement was
amended on June 26, 2015.

Under the Debt Repayment Agreement, the AGI Parties made total
cumulative principal payments of $2,193,124 on various dates
between Jan. 29, 2015, and Dec. 8, 2015, which represented the full
amount of principal payments required to be paid under the Debt
Repayment Agreement.

Under the terms of the Debt Repayment Agreement, the AGI Parties
were also required to pay interest on the outstanding principal
balance and the Company was scheduled to provide certain program
deliverables.  As of Dec. 29, 2015, the aggregate amount of unpaid
interest owed by the AGI Parties was $160,958.  On Dec. 30, 2015,
the Company agreed to accept a final payment under the Debt
Repayment Agreement of $90,000 and, upon receipt of the Final
Payment, to release its security interest under the Pledge
Agreement in exchange for the AGI Parties agreeing to reschedule to
a mutually agreeable future date those certain program deliverables
required to be provided by the Company to the AGI Parties.  The
Final Payment was received on Dec. 30, 2015, and the Debt Repayment
Agreement and Pledge Agreement were terminated.

                         About Quantum Fuel

Lake Forest, Cal.-based Quantum Fuel Systems Technologies
Worldwide, Inc. (Nasdaq: QTWW) develops and produces advanced
vehicle propulsion systems, fuel storage technologies, and
alternative fuel vehicles.  Quantum's portfolio of technologies
includes electronic and software controls, hybrid electric drive
systems, natural gas and hydrogen storage and metering systems and
other alternative fuel technologies and solutions that enable fuel
efficient, low emission, natural gas, hybrid, plug-in hybrid
electric and fuel cell vehicles.

Quantum Fuel reported a net loss of $14.9 million in 2014, a net
loss attributable to stockholders of $23.0 million in 2013, a net
loss attributable to stockholders of $30.9 million in 2012 and a
net loss attributable to common stockholders of $38.5 million in
2011.

As of Sept. 30, 2015, the Company had $67.5 million in total
assets, $45.5 million in total liabilities and $22.0 million in
total stockholders' equity.


RELATIVITY MEDIA: Gets Go-Ahead to Solicit Votes on Ch. 11 Plan
---------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that a New York
bankruptcy judge indicated on Dec. 16, 2015, that he was ready to
give Relativity Media LLC the go-ahead to solicit creditors on its
proposed reorganization plan, though lenders said that battles over
the production house's debt strategy could sidetrack its bid to
exit Chapter 11 early next year.

U.S. Bankruptcy Judge Michael E. Wiles said during a hearing in
Manhattan that he would approve Relativity's disclosure statement,
a document that lays out the Debtor's reorganization strategy for
creditors.  Relativity filed for bankruptcy over the summer.

                         About Relativity

Relativity -- http://relativitymedia.com/-- is a next-generation  

global media company engaged in multiple aspects of content
production and distribution, including movies, television, sports,
digital and music.  More than just a collection of
entertainment-related businesses, Relativity is a content engine
with the ability to leverage each of these business units,
independently and together, to create content across all mediums,
giving consumers what they want, when they want it.

Relativity Studios, the Company's largest division, has produced,
distributed or structured financing for more than 200 motion
pictures, generating more than $17 billion in worldwide box-office
revenue and earning 60 Oscar nominations.  Relativity's films
include Oculus, Safe Haven, Act of Valor, Immortals, Limitless,
and The Fighter.

Relativity Media LLC and its affiliates, including Relativity
Fashion, LLC, sought protection under Chapter 11 of the Bankruptcy
Code on July 30, 2015 (Bankr. S.D.N.Y., Case No. 15-11989).  The
case is assigned to Judge Michael E. Wiles.

The Debtors are represented by Craig A. Wolfe, Esq., Malani J.
Cademartori, Esq., and Blanka K. Wolfe, Esq., at Sheppard Mullin
Richter & Hampton LLP, in New York; and Richard L. Wynne, Esq.,
Bennett L. Spiegel, Esq., and Lori Sinanyan, Esq., at Jones Day,
in New York.

Brian Kushner of FTI Consulting, Inc., serves as chief
restructuring officer and crisis and turnaround manager.  Luke
Schaeffer of FTI Consulting, Inc., serves as deputy CRO.

Blackstone Advisory Partners L.P. serves as the Debtors'
investment banker.  The team is led by Timothy Coleman, Senior
Managing Director, CJ Brown, Senior Managing Director, Paul
Sheaffer, Vice President, and Joseph Goldschmid, Associate.

The Debtors' noticing and claims agent is Donlin, Recano &
Company, Inc.

                           *     *     *

An investor group composed of Anchorage Capital Group, L.L.C.,
Falcon Investment Advisors, LLC and Luxor Capital Group, LP on
Oct. 21, 2015, completed its purchase of the assets of Relativity
Television.

After selling their TV business, the Debtors and CEO Ryan C.
Kavanaughfiled a proposed plan of reorganization that will allow
the Debtors to reorganize their non-TV business units with a
substantially de-levered balance sheet utilizing new equity
investments and new financing.  Jim Cantelupe, of Summit Trail
Advisors, LLC, has committed to work with the Debtors to raise up
to $100 million of new equity to fund the Plan.


RESIDENTIAL CAPITAL: Calif. Ct. Refuses to Review "Johnson" Ruling
------------------------------------------------------------------
Wes W. Johnson urges the United States District Court for the
Southern District of California to vacate its discrepancy order
rejecting the motion for reconsideration and its order denying,
without prejudice, the plaintiff's motion for reconsideration based
on the requirement that the motion must be made within 28 days
following entry of judgment.

Turning to the motion for reconsideration, the Court denied, for
administrative purposes only, the motion.  The Court expressly
noted that the plaintiff could reurge his motion for
reconsideration if the matter did not settle.  The plaintiff has
not.  Accordingly, the Court ruled that it need not vacate the
Order denying the motion for reconsideration but instead, deems the
previously timely filed motion for reconsideration reopened.

Because of the significant lapse in time as a result of the
bankruptcy stay and the plaintiff's inaction in the case, the
plaintiff seeks to amend his motion for reconsideration to update
the legal authority cited. This request is reasonable, as is the
plaintiff's request for a briefing schedule on an amended motion
for reconsideration, the Court further held.

In an Order dated December 11, 2015, which is available at
http://is.gd/ED5FBLfrom Leagle.com, Judge M. James Lorenz of the
United States District Court for the Southern District of
California granted in part and denied in part the Plaintiff's
Motion to Vacate as follows:

   1. the Plaintiff's motion that the discrepancy order filed May
18, 2012, and the motion denying the motion for reconsideration for
administrative purposes be vacated is denied;

   2. the Plaintiff's refiled motion for reconsideration, deemed
timely filed on May 18, 2012, is reopened;

   3. the Plaintiff may file on or before December 18, 2015, an
amended motion for reconsideration to update legal arguments and
citations. The amended motion for reconsideration will relate back
to the initial May 18, 2012 filing date, and will be deemed timely
filed for purposes of Federal Rules of Civil Procedure 59 and 60;

   4. the Defendants will file a response to the amended motion for
reconsideration on or before January 4, 2016; Plaintiff may file a
reply memorandum on or before January 11, 2016. The amended motion
will be considered without oral argument after January 19, 2016.

The case is WES W. JOHNSON, Plaintiff, v. HOMECOMING FINANCIAL, et
al., Defendant, Case No. 09cv1262 L (NLS).

Wes W. Johnson, Plaintiff, represented by James Hinckley Seymour,
Esq. -- Law Offices of James H. Seymour.

Homecomings Financial, Defendant, represented by Chaise Richard
Bivin, Esq. -- Severson & Werson, David Ming Liu, Esq. --
David.Liu@piblaw.com -- Parker Ibrahim & Berg LLC & Robert J.
Gandy, Esq. -- rjg@severson.com -- Severson & Werson.

GMAC Mortgage, a Delaware Limited Liability Company, Defendant,
represented by Chaise Richard Bivin, Severson & Werson, David Ming
Liu, Parker Ibrahim & Berg LLC & Robert J. Gandy, Severson &
Werson.

Deutsche Bank National Trust Company, a Nevada Corporation,
Defendant, represented by Chaise Richard Bivin, Severson & Werson,
David Ming Liu, Parker Ibrahim & Berg LLC & Robert J. Gandy,
Severson & Werson.

Deutsche Bank Trust Company Americas, Defendant, represented by
Chaise Richard Bivin, Severson & Werson, David Ming Liu, Parker
Ibrahim & Berg LLC & Robert J. Gandy, Severson & Werson.

Executive Trustee Services, a Delaware Limited Liability Company,
Defendant, represented by Chaise Richard Bivin, Severson & Werson,
David Ming Liu, Parker Ibrahim & Berg LLC & Robert J. Gandy,
Severson & Werson.

Pite Duncan, a Limited Liability Partnership, Defendant,
represented by Chaise Richard Bivin, Severson & Werson.

Mortgage Electronic Registration Systems, Inc., a Delaware
Corporation, Defendant, represented by David Ming Liu, Parker
Ibrahim & Berg LLC.


RESIDENTIAL CAPITAL: Objection to Claim Nos. 1687, 1689 Sustained
-----------------------------------------------------------------
Judge Martin Glenn of the United States Bankruptcy Court for the
Southern District of New York sustained the ResCap Borrower Claims
Trust's objection to Claim Nos. 1687 and 1689 filed by Robert
Kenneth Harris.

Harris timely filed the said claims against debtor GMAC Mortgage,
LLC, asserting secured claims for $45,999.45 and $108,609.46,
respectively.  The Debtors sent Harris a Request Letter on May 20,
2013.  Harris responded on June 24, 2013.  Harris alleged in his
1687 diligence response that he was owed $2,216.21 because GMACM
purportedly failed to properly apply payments.  He also alleged in
his 1689 diligence response that he was owed  $6,183.62 because
GMACM allegedly improperly charged him escrow for property tax and
purportedly wrongfully initiated a foreclosure proceeding in 2011.


The Trust objected to Harris' claims, arguing that the claims do no
reflect the correct amount of liability owed by the debtors and
therefore they sought to allow the claims as general unsecured
claims to the modified, reduced amounts asserted by Harris in the
1687 and 1689 diligence responses.

Judge Glenn held that the Trust adequately shifted the burden by
rebutting the prima facie validity of the claims and that Harris
failed to meet his burden to establish the validity of his claims.
The judge found that the alleged wrongdoing asserted by Harris were
all dated after the servicing of Harris' loans were transferred to
non-debtor Ocwen Loan Servicing, LLC and are connected to actions
by the latter. Judge Glenn thus sustained the objection and reduced
and allowed Harris' claims in the modified amount of $2,216.21 and
$6,183.62 as general unsecured claims.

The case is In re: RESIDENTIAL CAPITAL, LLC, et al., Chapter 11,
Debtors, Case No. 12-12020 (MG), (Jointly Administered) (Bankr.
S.D.N.Y.).

A full-text copy of Judge Glenn's December 16, 2015 memorandum
opinion and order is available at http://is.gd/Y4MDFwfrom
Leagle.com.

                 About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012. Neither Ally
Financial nor Ally Bank is included in the bankruptcy filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.7 billion in assets and $15.3 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap. Morrison & Foerster LLP is acting as legal
adviser to ResCap. Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel. Rubenstein Associates, Inc., is the
public relations consultants to the Company in the Chapter 11
case. Morrison Cohen LLP is advising ResCap's independent
directors. Kurtzman Carson Consultants LLP is the claims and
notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of
its mortgage servicing and origination platform assets to Ocwen
Loan Servicing, LLC and Walter Investment Management Corporation
for $3 billion; and its portfolio of roughly 50,000 whole loans
to Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


ROOMSTORES OF PHOENIX: Files for Ch 11; Jan. 28 Creditors Meeting
-----------------------------------------------------------------
The Roomstores of Phoenix, L.L.C., dba The Roomstore filed for
Chapter 11 bankruptcy protection (Bankr. D. Ariz. Case No.
15-15898) on Dec. 18, 2015, estimating its assets and liabilities
at between $1 million and $10 million.  The petition was signed by
Alan Levitz, Manager.

Max Efrein at The Daily Courier reports that Alan Levitz, the
Company's general manager, said in a letter attached to workers'
checks that the company has begun the throes of a Chapter 11
bankruptcy "due to a long-standing downturn in our business" and
that most (if not all) employees will likely be laid off by Feb.
16, 2016.

According to The Daily Courier, the letter went on to say that "as
part of the corporate reorganization, the RoomStore will attempt to
continue its operations at several of its stores."

The Daily Courier relates that a bankruptcy court meeting in
downtown Phoenix for the creditors has been set for Jan. 28, 2016.

Judge Daniel P. Collins presides over the case.

Carolyn J. Johnsen, Esq., at Dickinson Wright PLLC serves as the
Company's bankruptcy counsel.

The Roomstores of Phoenix, L.L.C., is headquartered in Phoenix,
Arizona.


SANTA FE MEDICAL GROUP: Owner Enjoined from Spending Tax Refund
---------------------------------------------------------------
Judge David T. Thuma of the Bankruptcy Court for the District of
New Mexico granted the Application for Temporary Restraining Order
filed by the Unsecured Creditors Committee, on behalf of Santa Fe
Medical Group, et al., which sought to enjoin Philips Briggs, M.D.,
from spending a tax refund that allegedly is estate property.

Briggs, a physician and entrepreneur, is the majority owner of
Santa Fe Medical Group; the owner of Atrinea Health, LLC; the 50%
owner of Atrinea Ruidoso, LLC; and the owner of Corazon Family
Health, P.C.  The entities are all debtors in jointly administered
cases.

In 2014, the debtor entities had net operating losses of about
$800,000 which Briggs used to obtain refunds of taxes paid in 2012
and 2013.  Briggs received two refund checks, totaling about
$396,000, in early December 2015.  Of the claimed 2014 tax losses,
99.2% are attributable to the debtors' losses, and only 0.8% are
attributable to Briggs' personal losses and deductions.  

The Committee argued that the debtors own 99.2% of the refund and
asked the court to enjoin Briggs from using the refund until the
court determines whether it is owned by Briggs or the debtors.

In granting the Committee's application, Judge Thuma concluded that
the Committee and the debtors' bankruptcy estates likely would
suffer irreparable harm absent an injunction, especially upon
finding that Briggs is insolvent.  The judge also ruled that the
harm that the Committee might suffer if no injunction were issued
outweighs any potential harm to Briggs caused by the requested
injunction.  Judge Thuma also found that a preliminary injunction
would not be adverse to the public interest.

The adversary proceeding is UNSECURED CREDITORS COMMITTEE, on
behalf of Debtors, Plaintiff, v. PHILIP BRIGGS, M.D., and UNITED
STATES OF AMERICA INTERNAL REVENUE SERVICE, Defendants, Adv. No.
15-1085 t (Bankr. D.N.M.).

The bankruptcy cases are In re: SANTA FE MEDICAL GROUP, a LIMITED
LIABILITY COMPANY, Debtor. Jointly administered with: ATRINEA
RUIDOSO, LLC, ATRINEA HEALTH, LLC, CORAZON FAMILY HEALTH, P.C.,
Debtors, Case Nos. 15-11247-t11, 15-11248 t11, 15-11250 t11,
15-11252 t11 (Bankr. D.N.M.).

A full-text copy of Judge Thuma's December 17, 2015, memorandum
opinion is available at http://is.gd/CO6GHefrom Leagle.com.

Santa Fe Medical Group, a Limited Liability Group (Bankr. D.N.M.,
Case No. 15-11247), Atrinea Ruidoso, LLC, a New Mexico Limited
Liability Company (Bankr. D.N.M., Case No. 15-11248), Atrinea
Health, LLC, a New Mexico Limited Liability Company (Bankr. D.N.M.,
Case No. 15-11250), and Corazon Family Health, PC (Bankr. D.N.M.,
Case No. 15-11252), sought protection under Chapter 11 of the
Bankruptcy Code on May 14, 2015.

The Debtors are represented by Steven Tal Young, Esq., at Tal
Young, P.C., in Albuquerque, New Mexico, and Lewis Roca Rothgerber
LLP.


SMALL BUSINESS DEVELOPMENT: Case Summary & 8 Top Unsec. Creditors
-----------------------------------------------------------------
Debtor: Small Business Development Group, Inc.
           fka Virogen, Inc.
        423 Main St., 2nd Floor
        Rockland, ME 04841

Case No.: 16-10005

Chapter 11 Petition Date: January 5, 2016

Court: United States Bankruptcy Court
       District of Maine (Bangor)

Debtor's Counsel: Jeffrey P. White, Esq.
                  JEFFREY P. WHITE AND ASSOCIATES, P.C.
                  243 Mount Auburn Ave., Suite B-1
                  Auburn, ME 04210
                  Tel: (207) 689-2111
                  Fax: (207) 689-2112
                  Email: jwhite@whitelawoffices.com

Total Assets: $5.32 million

Total Liabilities: $1.21 million

The petition was signed by Roy Y Salisbury, CEO/President.

A list of the Debtor's eight largest unsecured creditors is
available for free at http://bankrupt.com/misc/meb16-10005.pdf


SOLAR POWER: Completes Reorganization Merger
--------------------------------------------
Solar Power, Inc. and SPI Energy Co., Ltd., disclosed the merger to
reorganize the Company as a Cayman Islands company has been
completed.

Pursuant to the Second Amended and Restated Agreement and Plan of
Merger and Reorganization, dated Oct. 30, 2015, each ten issued and
outstanding shares of the Company's common stock acquired prior to
3:00 P.M. EST, Nov. 5, 2015, were converted into the right to
receive one American depositary share, representing ten SPI Energy
ordinary shares; and issued and outstanding shares of the common
stock of the Company acquired after 3:00 P.M. EST,
Nov. 5, 2015, were converted into the right to receive SPI Energy
ordinary shares.  SPI Energy's ADSs will be quoted on the OTC
Markets under the symbol "SRGYY" effective Jan. 4, 2016.

SPI Energy is in the process of applying for listing of the ADSs on
the Nasdaq Capital Market and expects to complete that process in
early 2016.

Solar Power filed a Form 15 with the Securities and Exchange
Commission relating to the termination of its reporting obligatins
under Section 12(g) of the Securities Exchange Act of 1934.

SPI Energy Co., Ltd. (As successor in interest to Solar Power,
Inc.), filed post-effective amendment pertaining to the adoption by
the Company of the following registration statements on Form
S-8: (i) File No. 333-147246 and (ii) File No. 333-203917.  The
Company assumed SPI's existing obligations with respect to all
outstanding options to purchase shares of SPI's common stock and
all other outstanding equity awards granted to directors, employees
and consultants under SPI's 2006 Equity Incentive Plan to provide
for the issuance of an equal number of the Company's ordinary
shares rather than the common stock of SPI upon the exercise of the
awards under the same terms and conditions.

                      About Solar Power

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

Solar Power reported a net loss of $5.19 million in 2014, a net
loss of $32.2 million in 2013 and a net loss of $25.4 million in
2012.

As of Sept. 30, 2015, the Company had $727 million in total assets,
$431 million in total liabilities and $296 million in total equity.


SOMMEX BEDDING: Bid Deadline Set for January 14
-----------------------------------------------
Ernst & Young Inc., in his capacity as trustee of Corporation De
Literie Sommex dba Sommex Bedding Corporation, is seeking tenders
for the Company's assets:

                                              Approx.
        Assets                                  Value
        ------                                --------
Lot 1  Inventory (Trois-Rivieres)            $725,108
Lot 2  Machinery (Trois-Rivieres)            $385,050
Lot 3  Equipment, tooling and office         $164,700
        equipment (Trois-Rivieres)
Lot 4  Xerox equipment (Trois-Rivieres)        $1,700
Lot 5  Inventory (Concord)                   $406,516
Lot 6  Machinery (Concord)                   $446,900
Lot 7  Equipment, tooling and equipment      $144,400
        (Concord)
Lot 8  Rolling equipment (Concord)             $8,000
Lot 9  Xerox equipment (Concord)               $3,800
Lot 10 Machinery (Winnipeg)                   $20,000
Lot 11 Trustee's rights in intangible assets     ind.
        and trademarks including Sommex
Lot 12 100 common shares of 2368928 Ontario      ind.
        Inc. holding rights in the Natura
        license

All tenders must be received at the trustee's office no later than
4:00 p.m. on Jan. 14, 2016, at which the trustee will proceed with
the tender opening.  Sealed tenders must be a long with a certified
cheque issued to the order of Ernst & Young representing at least
10% of the tender amount.

The asset may be examined on appointment only by calling SIS
Services Inc. at 1 877 646 1888.

Further information about the list lots is available by calling
Matthieu Bergeron at 418 640 3045 or mathieu.bergeron@ca.ey.com

The trustee can be reached at:

Ernst & Young Inc.
Delta III
2875, Boulevard Laurier
Bureau 410
Quebec, Quebec G1V 0C7
Tel: 418 524 5151
Fax: 418 640 5141

Found in 2004, Corporation De Literie Sommex dba Sommex Bedding
Corporation is located at 119, Boulevard Thibeau, Trois-Rivieres,
Quebec.  The company's line of business includes the manufacturing
of mattresses and bedsprings.


SOUTHERN INYO: Chapter 9 Case Summary & 7 Largest Creditors
-----------------------------------------------------------
Debtor: Southern Inyo Healthcare District
        501 East Locust Street
        Lone Pine, CA 93545

Case No.: 16-10015

Nature of Business: Health Care

Chapter 9 Petition Date: January 4, 2016

Court: United States Bankruptcy Court
       Eastern District of California (Fresno)

Debtor's Counsel: Ashley M. McDow, Esq.
                  BAKER & HOSTETLER LLP
                  11601 Wilshire Blvd #1400
                  Los Angeles, CA 90025
                  Tel: 310-820-8800
                  Email: amcdow@bakerlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Alan Germany, chief restructuring
officer.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/caeb16-10015.pdf


SPECALLOY CORP: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: SpecAlloy Corporation
           dba Panhandle Converter Recycling
           dba Panhandle Recycling
        868 Murray Road
        Dothan, AL 36303

Case No.: 16-10013

Chapter 11 Petition Date: January 5, 2016

Court: United States Bankruptcy Court
       Middle District of Alabama (Dothan)

Judge: Hon. Dwight H. Williams Jr.

Debtor's Counsel: Cameron A. Metcalf, Esq.
                  ESPY, METCALF & ESPY, P.C.
                  P. O. Drawer 6504
                  Dothan, AL 36302
                  Tel: 334-793-6288
                  Email: cam@espymetcalf.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Joseph Donovan, CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/almb16-10013.pdf


TEXAS REGENCY: Court OKs Cusham & Wakefield as Real Estate Broker
-----------------------------------------------------------------
Texas Regency Apartments, L.P. sought and obtained permission from
the Hon. David R. Jones of the U.S. Bankruptcy Court for the
Southern District of Texas to employ Ed Nwokedi and Cushman &
Wakefield of Texas, Inc. as real estate broker to list, market, and
sell its commercial real estate.

Cushman & Wakefield will be paid $125,000 for its services to the
Debtor, representing 1.2% of the $10,500,000 selling price of the
Debtor's real estate asset.  The fee, however, is subject to the
Court's review upon the filing of an Application for Compensation.


Ed Nwokedi assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

Cushman & Wakefield can be reached at:

       Ed Nwokedi
       CUSHMAN & WAKEFIELD OF TEXAS, INC.
       1330 Post Oak Blvd #2700
       Houston, TX 77056
       Tel: (713) 331-1731
       E-mail: ed.nwokedi@cushwake.com

                  About Texas Regency Apartments

Texas Regency Apartments, L.P., owner of the 313-unit Regency
Square Apartments at 7222 Bellerive Dr., Houston, Texas, sought
Chapter 11 protection (Bankr. S.D. Tex. Case No. 15-33188) in
Houston, Texas, on June 10, 2015.  Gordon Steele, the CFO, signed
the petition.

Judge David R. Jones presides over the case.  

The Debtor tapped Matthew Hoffman, Esq., at the Law Offices of
Matthew Hoffman, P.C., as counsel.

The Debtor disclosed total assets of $11.1 million and total debts
of $11.4 million in its schedules.

                           *     *     *

Judge David R. Jones has approved the sale of the real property and
improvements located at 7222 Bellerive Drive, Houston, Texas 77036,
commonly known as "Regency Square," to FCA Miami, LLC for a total
consideration of $10,500,000.00.


TITAN TEAM: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Titan Team Management, LLC
        2150 Boggs Road, Suite 300/370
        Duluth, GA 30096

Case No.: 16-50379

Chapter 11 Petition Date: January 5, 2016

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

Debtor's Counsel: Howard D. Rothbloom, Esq.
                  THE ROTHBLOOM LAW FIRM
                  31 Atlanta Street
                  Marietta, GA 30060
                  Tel: (770) 792-3636
                  Email: howard@rothbloom.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lynn D. England, CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ganb16-50379.pdf


TORQUED-UP ENERGY: "Guerra" Suit Stayed Due to Ch. 11 Filing
------------------------------------------------------------
Judge Lee H. Rosenthal of the United States District Court for the
Southern District of Texas, Houston Division, in an order dated
Dec. 18, 2015, stayed the action styled ORLANDO GUERRA,
Individually and on behalf of all others similarly situated,
Plaintiff, v. TORQUED-UP ENERGY SERVICES, INC., Defendant, Civil
Action No. H-15-03097 (S.D. Tex.), as a result of Torqued-Up Energy
Services, Inc.'s voluntary petition for relief under Chapter 11 of
the Bankruptcy Code.

The action is administratively closed during the stay.  Either side
may move to reinstate the case to the active docket by filing a
motion within 14 days after the stay is lifted, Judge Rosenthal
ruled.

Orlando Guerra, Plaintiff, represented by William Clifton
Alexander, Phipps Anderson Deacon LLP.

Torqued-Up Energy Services, Inc., Defendant, represented by Sean
Michael Becker, Esq. -- sbecker@velaw.com -- Vinson & Elkins LLP.

                      About Torqued-Up Energy

Torqued-Up Energy Services, Inc., Arctic Acquisition Corporation
and Torqued-up Enterprises, LLC filed Chapter 11 bankruptcy
petitions (Bankr. E.D. Tex. Case Nos. 15-60796, 15-60798, and
15-60799, respectively) on Nov. 24, 2015.  The petition was signed
by Kelly W. Prentiss as CEO.  The Debtors estimated both assets
and
liabilities in the range of $10 million to $50 million.  Ireland,
Carroll, & Kelley and Searcy & Searcy, P.C. serve as the Debtors'
counsel.  Judge Bill Parker has been assigned the case.

Arctic and Enterprises, while non-operating, are guarantors on debt
to the senior secured lenders and have pledged assets to secure
that debt.

As of Oct. 9, 2015, the Company had on hand the sum of
approximately $1.2 million in cash.  The Debtor also owns
approximately $3 million in outstanding accounts receivables of
which approximately $1.5 million is collectible.

The Company's other non-insider, third-party debt is approximately
$1.5 million as of Oct. 9, 2015, consisting largely of
approximately 41 capital leases.

The Company has unsecured subordinated debt which has been
advanced
by one or more equity owners over time.  That sub-debt is
contractually subordinated to the secured debt of the Banks and as
of Oct. 9, 2015, totals in the amount of $32.5 million.  No
interest or other payments have been made on the sub-debt.




TRUMP ENTERTAINMENT: Hires Merlin Law as Special Insurance Counsel
------------------------------------------------------------------
Trump Entertainment Resorts Inc., et al. seek authorization from
the U.S. Bankruptcy Court for the District of Delaware to employ
Merlin Law Group P.A. as special insurance litigation counsel, nunc
pro tunc to October 29, 2015.

Merlin Law will provide legal services to the Debtor Plaintiffs in
connection with all claims and causes of action against the
Insurers related to the Insurance Claims. These services will
involve representing the Debtor Plaintiffs in the State Court
Action, as well as, at the Debtor Plaintiffs' direction, rending
all legal services necessary in connection with the preparation and
prosecution of the State Court Action and any proceedings related
thereto.

Merlin Law will charge the Debtor Plaintiffs a contingency fee for
its services. Specifically, Merlin Law will receive a fee equal to
22% of the gross sums of money, which may be awarded to the Debtor
Plaintiffs, or which the Debtor Plaintiffs may collect by
settlement, compromise, and judgment or otherwise, including
interest and costs that may be added thereto, in connection with
the New Jersey Action.

The Debtors understand that it is Merlin Law's policy to charge its
clients for certain expenses incurred in connection with the
client's case. The expenses charged to clients include, among other
things, court costs, deposition fees, service fees, court reporter
fees, travel costs, and certain other costs of litigation,
including fees charged by expert witnesses, to the extent provided
for in the Engagement Agreement. Merlin Law will charge the Debtor
Plaintiffs for these expenses in a manner and at rates consistent
with charges made generally to the Firm's other clients.

William F. Merlin, Jr., founder and president of Merlin Law,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

The Bankruptcy Court will hold a hearing on the firm's employment
on January 12, 2016, at 10:00 a.m.

Merlin Law can be reached at:

       William F. Merlin, Jr., Esq.
       MERLIN LAW GROUP P.A.
       125 Half Mile Road, Suite 200
       Red Bank, NJ 07701
       Tel: (732) 933-2700
       Fax: (732) 933-2702
       E-mail: cmerlin@MerlinLawGroup.com

                  About Trump Entertainment Resorts

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

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

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

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

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

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


UNI-PIXEL INC: Robert Petcavich Quits as SVP and CTO
----------------------------------------------------
Robert Petcavich, the senior vice president and chief technology
officer of Uni-Pixel, Inc., tendered to the Company his resignation
for personal reasons, effective as of Dec. 31, 2015.  Mr. Petcavich
will continue to provide services to the Company as a consultant.
The Company thanks Mr. Petcavich for his service  as an employee
and looks forward to working with him in his new capacity.

                    About Uni-Pixel Inc.

The Woodlands, Tex.-based Uni-Pixel, Inc. (OTC BB: UNXL)
-- http://www.unipixel.com/-- is a production stage company       

delivering its Clearly Superior(TM) Performance Engineered Films
to the Lighting & Display, Solar and Flexible Electronics market
segments.

Uni-Pixel incurred a net loss of $25.7 million in 2014, a net loss
of $15.2 million in 2013 and a net loss of $9.01 million in 2012.

As of Sept. 30, 2015, the Company had $26.0 million in total
assets, $10.9 million in total liabilities and $15.04 million in
total shareholders' equity.


VERMILLION INC: Holly Bauzon Resigns as VP of Managed Markets
-------------------------------------------------------------
Holly Bauzon resigned from her position as Vice President of
Managed Markets of Vermillion, Inc. effective at the close of
business on Jan. 11, 2016.  Ms. Bauzon's resignation was not the
result of any disagreement with the Company on any matter relating
to the Company's operations, policies or practices, the Company
disclosed in a regulatory filing with the Securities and Exchange
Commission.

                         About Vermillion

Vermillion, Inc., is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help
physicians diagnose, treat and improve outcomes for patients.
Vermillion, along with its prestigious scientific collaborators,
has diagnostic programs in oncology, hematology, cardiology and
women's health.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 09-11091) on March 30, 2009.  Vermillion's legal
advisor in connection with its successful reorganization efforts
wass Paul, Hastings, Janofsky & Walker LLP.  Vermillion emerged
from bankruptcy in January 2010.  The Plan called for the Company
to pay all claims in full and equity holders to retain control of
the Company.

Vermillion reported a net loss of $19.2 million in 2014, a net loss
of $8.81 million in 2013 and a net loss of $7.14 million in 2012.

As of Sept. 30, 2015, the Company had $25.38 million in total
assets, $3.27 million in total liabilities and $22.11 million in
total stockholders' equity.


VISUALANT INC: Extends Notes Due Date to March 2016
---------------------------------------------------
Visualant, Inc., entered into amendments to two demand promissory
notes, totaling $600,000, and a note payable for $200,000 related
to the Umpqua Bank Business Loan Agreement with Mr. Erickson, the
Company's Chief Executive Officer and/or entities in which Mr.
Erickson has a beneficial interest.  The amendments extend the due
date from Dec. 31, 2015, to March 31, 2016, and continue to provide
for interest of 3% per annum and a second lien on company assets if
not repaid by March 31, 2016, or converted into convertible
debentures or equity on terms acceptable to the Holder.

                       About Visualant Inc.

Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant reported a net loss of $2.63 million on $6.29 million of
revenue for the year ended Sept. 30, 2015, compared to a net loss
of $1.01 million on $7.98 million of revenue for the year ended
Sept. 30, 2014.

As of Sept. 30, 2015, the Company had $2.46 million in total
assets, $7.83 million in total liabilities, all current, and a
$5.37 million total stockholders' deficit.

PMB Helin Donovan, LLP, in Seattle, Washington, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2015, citing that Company has sustained a
net loss from operations and has an accumulated deficit since
inception.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


WALTER ENERGY: Laying Off 319 Workers in Mine No. 4
---------------------------------------------------
Walter Energy Mine No. 4 is letting go 319 workers in Brookwood,
Alabama, Megan Miller at WIAT.com reports, citing Walter Energy
spokesperson William Stanhouse.

WIAT.com says the layoffs are temporary, and workers have been laid
off due to market conditions.

Stephanie Taylor at Tuscaloosanews.com relates that U.S. Bankruptcy
Court Judge Tamara O. Mitchell has ruled that the Company can
reject the contracts with the United Mine Workers of America and
United Steelworkers, stop paying retiree benefits, and can pay
around $2 million in retention bonuses to 26 non-union workers.

                       About Walter Energy

Walter Energy -- http://www.walterenergy.com/-- is a publicly     
traded "pure-play" metallurgical coal producer for the global steel
iindustry with strategic access to steel producers in Europe, Asia
and South America.  The Company also produces thermal coal,
anthracite, metallurgical coke and coal bed methane gas.  Walter
Energy employs approximately 2,700 employees, with operations in
the United States, Canada and the United Kingdom.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $471 million following a net loss of $359 million in 2013.  

Walter Energy, Inc., and its affiliates sought Chapter 11
protection (Bankr. N.D. Ala. Lead Case No. 15-02741) in Birmingham,
Alabama on July 15, 2015, after signing a restructuring support
agreement with first-lien lenders.

Walter Energy disclosed total assets of $5.2 billion and total debt
of $5 billion as of March 31, 2015.

The Debtors tapped Paul, Weiss, Rifkind, Wharton & Garrison as
counsel; Bradley Arant Boult Cummings LLP, as co-counsel; Ogletree
Deakins LLP, as labor and employment counsel; Maynard, Cooper &
Gale, P.C., as special counsel; Blackstone Advisory Services, L.P.,
as investment banker; AlixPartners, LLP, as financial advisor, and
Kurtzman Carson Consultants LLC, as claims and noticing agent.

The Bankruptcy Administrator for the Northern District of Alabama
appointed an Official Committee of Unsecured Creditors and an
Official Committee of Retirees.  The Creditors Committee tapped
Morrison & Foerster LLP and Christian & Small LLP as attorneys.
The Retiree Committee retained Adams & Reese LLP and Jenner & Block
LLP as attorneys.

The informal group of certain unaffiliated First Lien Lenders and
First Lien Noteholders (the "Steering Committee") retained Akin,
Gump, Strauss, Hauer and Feld LLP as legal advisor, and Lazard
Freres & Co. LLC as financial advisor.


WEEDHIRE: Assets Under Turnaround Firm's Control
------------------------------------------------
Peg Brickley, writing for The Wall Street Journal, reported that
WeedHire, the virtual employment agency for the legal cannabis
industry, has turned to Turnaround Strategies for help paying its
bills.

According to the report, citing papers filed in Delaware's Court of
Chancery, WeedHire, which was to be the "Monster.com of Marijuana,"
Turnaround Strategies now controls WeedHire's assets, and is tasked
with making the most of them to take care of creditors the company
can't pay.  An assignment for the benefit of creditors is a form of
state court-supervised bankruptcy, and WeedHire is a Delaware
corporation, the Journal noted.

The Journal pointed out that WeedHire also reported doubts about
its ability to continue as a going concern, with debts hovering
around the $2 million mark, and sales slipping.  Before it hitched
its hopes of success to the spreading movement to legalize
marijuana, in May 2014, WeedHire had a day job, in the business of
disposing of discarded electronics, the Journal said.  Court and
SEC documents indicate WeedHire held on to its day job while
attempting to get the weed-job-web thing off the ground, and that
still wasn’t enough to pay the bills, the Journal added.


YELLOW CAB CO-OP: To File for Bankruptcy
----------------------------------------
Joe Fitzgerald Rodriguez, writing for San Francisco Examiner,
reported that Yellow Cab Co-op, San Francisco's largest taxi
company, is edging toward filing for bankruptcy after challenges
from tech rivals Uber and Lyft, as well as mounting lawsuits from
traffic collisions, contributed to the fiscal Hail Mary.

According to the report, regular cab operations will not be
affected in the near future and Yellow Cab has no plans to close if
it can successfully restructure, representatives said.

The bankruptcy filing will allow the co-op to shed its mounting
debts, but longtime taxi industry sources, who spoke on background,
also said the bankruptcy is a result of fierce competition with
digital ride-hail rivals, who are not only drawing away business --
but scooping up talented drivers as well, the report related.


[*] AlixPartners Expects Restructurings & Bankruptcies to Rise
--------------------------------------------------------------
AlixPartners, the global advisory firm, on Jan. 6 released its 10th
Annual North American Restructuring Experts Survey.  This year's
survey, which represents the opinions of 185 senior-level corporate
restructuring experts, suggests that after several years of steady
declines, 2016 may see an uptick in restructurings and corporate
bankruptcy filings.

In this year's survey, 95% of respondents cite "low interest rates
and the ability for companies to get additional financing" as the
top reason why the number of overall Chapter 11 filings continued
to decrease last year.

Pre-packaged and pre-negotiated bankruptcies continued to rise, and
this is a trend experts expect to continue: 98% say they expect
pre-packaged or pre-negotiated bankruptcies to increase or remain
the same in 2016.

China's Impact on the US Market

When asked about the effect of China's economic slowdown on the US
market, three out of four survey respondents said China's slowdown
has a "significant" or "moderate" effect on US restructurings,
pointing to the potential ripple effect the Chinese economy has
around the globe.

"China's economic slowdown has contributed to the global imbalance
in supply and demand which has driven down commodity prices.
Companies in the oil and gas and mining industries, for example,
are suffering from these lower prices." said Jim Mesterharm,
Managing Director at AlixPartners and co-head of the firm's
Turnaround & Restructuring Services practice for the Americas.
"Steel and aluminum are two examples of industries that have
pressure on their capital structures because even though the costs
of their raw materials have declined, in some cases the prices of
their finished products have declined more."

When it comes to the energy market, oversupply around the world and
diminished demand from many emerging markets continues to weigh on
the industry, pointing to more possible distress in the year ahead.
Bankruptcy is the most likely outcome for energy companies in
distress, according to 41% of respondents, while 31% suggest
out-of-court restructurings will be the most common action.
Twenty-six percent said distressed energy companies will be most
likely to liquidate through asset sales.

"Low natural gas prices are also negatively impacting power and
energy, solar, and renewables as the economic choice for clean
energy is currently less compelling," said Lisa Donahue, Managing
Director at AlixPartners and global leader of the firm's Turnaround
& Restructuring Services practice.  

Industries in Distress in 2016

In the US, respondents say energy (86%), retail (46%), healthcare
and medical (24%), education (22%), and municipalities (18%) are
the sectors most likely to face distress in 2016.

Looking globally, respondents say energy (86%), sovereign debt
(39%), maritime (30%), and retail (23%) will be the most distressed
sectors.

When asked which regions outside the U.S. would have the most
restructuring opportunities in 2016, the most common response was
Brazil, cited by 37% of respondents.

"Brazil's economy faces many restructuring challenges as it sorts
out the effects of its dramatic 2015 decline.  That decline was
marked by plunging prices for its principal commodity exports,
including oil, metals and sugar," said Ms. Donahue.  "Brazil's
post-boom economy, coupled with a sharp drop of the Brazilian real
against the US dollar, means bright spots are scarce, and that
virtually every sector of the economy will be under pressure."

     About the North American Restructuring Experts Survey

AlixPartners 10 [th] Annual Restructuring Experts Survey reflects
the opinions of 185 senior-level North American-based corporate
restructuring experts.  The survey, which was conducted online in
November 2015, highlights the evolving state of the restructuring
industry and forecasts developments over the next 12 months.  The
survey polled senior attorneys, investment bankers, lenders, fund
managers and other restructuring professionals across the United
States.

                      About AlixPartners

AlixPartners -- http://www.alixpartners.com-- is a global business
advisory firm.  The firm's expertise covers a wide range of
businesses and industries whether they are healthy, challenged or
distressed.


[*] Lender Discrimination Pushes Black Churches to Bankruptcy
-------------------------------------------------------------
Patrick Clark, writing for Bloomberg Brief - Distress & Bankruptcy,
reported that a long line of research shows that black consumers
pay higher rates for credit, including mortgages and car loans.  A
new study suggests the same kind of financial discrimination may
apply to black churches, the report said.

According to Bloomberg, citing the study by Pamela Foohey, an
associate professor at the Indiana University Maurer School of Law,
of the 654 religious congregations to file for Chapter 11
bankruptcy protection between 2006 and 2013, 60 percent had black
pastors or predominantly black membership.  Meanwhile, black
churches make up only 21 percent of U.S. congregations, according
to a 2012 analysis, the Bloomberg report related.

The large number of reorganizations may be the result of black
churches paying higher rates for real estate loans, including
"balloon, step increase, and other 'weird' mortgages -- the
equivalent of subprime loans," writes Foohey, who sifted through
80,000 bankruptcy petitions and interviewed more than 100 church
leaders and bankruptcy lawyers for her draft study, the report
further related.

Creditors may be less lenient with black churches, insisting on
Chapter 11 to modify loans that other church borrowers might seek
to modify through informal negotiations, the report added.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Kidz Academy Early Childhood Ctr Inc.
   Bankr. M.D. Ala. Case No. 15-33542
      Chapter 11 Petition filed December 17, 2015
         Filed Pro Se

In re The Woodbank Inc.
   Bankr. N.D. Cal. Case No. 15-43832
      Chapter 11 Petition filed December 17, 2015
         See http://bankrupt.com/misc/canb15-43832.pdf
         represented by: Roxanne Bahadurji, Esq.
                         MACDONALD FERNANDEZ LLP
                         E-mail: roxanne@macfern.com

In re George Martin Anast and Cheryl Anast
   Bankr. D. Nev. Case No. 15-16961
      Chapter 11 Petition filed December 17, 2015

In re Fresh Affairs LLC
   Bankr. E.D.N.C. Case No. 15-06816
      Chapter 11 Petition filed December 17, 2015
         See http://bankrupt.com/misc/nceb15-06816.pdf
         represented by: Eileen M. Bornstein, Esq.
                         BORNSTEIN LAW FIRM, PLLC
                         E-mail: eb@bornsteinlawnc.com

In re Margaret McGreevy
   Bankr. E.D. Penn. Case No. 15-19029
      Chapter 11 Petition filed December 17, 2015

In re Cheer's Entertainment and Sport Lounge, Inc.
   Bankr. W.D. Penn. Case No. 15-24580
      Chapter 11 Petition filed December 17, 2015
         See http://bankrupt.com/misc/pawb15-24580.pdf
         represented by: Steven T. Shreve, Esq.
                         STEVEN T. SHREVE, LAW OFFICE
                         E-mail: steveshreve@comcast.net

In re Janice Carol Showalter
   Bankr. E.D. Tenn. Case No. 15-51872
      Chapter 11 Petition filed December 17, 2015

In re Guest Star Group, LLC DBA Starlight Banquet Hall and Event
Center
   Bankr. W.D. Tenn. Case No. 15-31987
      Chapter 11 Petition filed December 17, 2015
         See http://bankrupt.com/misc/tnwb15-31987.pdf
         represented by: Ted I. Jones, Esq.
                         JONES & GARRETT LAW FIRM
                         E-mail: dtedijones@aol.com

In re Des Tel, LLC
   Bankr. W.D. Tex. Case No. 15-53046
      Chapter 11 Petition filed December 17, 2015
         See http://bankrupt.com/misc/txwb15-53046.pdf
         represented by: David T. Cain, Esq.
                         LAW OFFICE OF DAVID T. CAIN
                         E-mail: caindt@swbell.net

In re Stove In A Can, LLC
   Bankr. D. Utah Case No. 15-31630
      Chapter 11 Petition filed December 17, 2015
         See http://bankrupt.com/misc/utb15-31630.pdf
         represented by: David P. Billings, Esq.
                         STORMONT BILLINGS, PLLC
                         E-mail: david@stormontbillings.com

In re Glacierview Haven, LLC
   Bankr. W.D. Wash. Case No. 15-17327
      Chapter 11 Petition filed December 17, 2015
         See http://bankrupt.com/misc/wawb15-17327.pdf
         represented by: Marc S. Stern, Esq.
                         E-mail: office@hutzbah.com

In re Forest Court, LLC
   Bankr. W.D. Wash. Case No. 15-17329
      Chapter 11 Petition filed December 17, 2015
         See http://bankrupt.com/misc/wawb15-17329.pdf
         represented by: Marc S. Stern, Esq.
                         E-mail: office@hutzbah.com

In re Terry Mayo
   Bankr. D. Ariz. Case No. 15-15897
      Chapter 11 Petition filed December 18, 2015

In re David Ludewig
   Bankr. C.D. Cal. Case No. 15-14113
      Chapter 11 Petition filed December 18, 2015
         represented by: James R Selth, Esq.
                         WEINTRAUB & SELTH APC
                         E-mail: jim@wsrlaw.net

In re Ignacio Ramirez
   Bankr. C.D. Cal. Case No. 15-14124
      Chapter 11 Petition filed December 18, 2015
         represented by: Anthony Obehi Egbase, Esq.
                         LAW OFFICES OF ANTHONY O EGBASE & ASSOC
                         E-mail: info@anthonyegbaselaw.com

In re Palm Beach Maritime Foundation, Inc
   Bankr. S.D. Fla Case No. 15-31871
      Chapter 11 Petition filed December 18, 2015
         See http://bankrupt.com/misc/flsb15-31871.pdf
         represented by: Angelo A Gasparri, Esq.
                         THE LAW OFFICES OF ANGELO A. GASPARRI, PA
                         E-mail: angelo@drlclaw.com

In re Nicholas Louis Geranio
   Bankr. D. Haw. Case No. 15-01529
      Chapter 11 Petition filed December 18, 2015

In re F.D. Baker Wellness Center, LLC
   Bankr. E.D. La. Case No. 15-13262
      Chapter 11 Petition filed December 18, 2015
         See http://bankrupt.com/misc/lab15-13262.pdf
         represented by: Benny Council, Esq.
                         THE COUNCIL LAW FIRM, LLC
                         E-mail: ben@thecouncillawfirm.com

In re Multipractice Clinic, Inc
   Bankr. E.D. La. Case No. 15-13261
      Chapter 11 Petition filed December 18, 2015
         See http://bankrupt.com/misc/laeb15-13261.pdf
         represented by: Benny Council, Esq.
                         THE COUNCIL LAW FIRM, LLC
                         E-mail: ben@thecouncillawfirm.com

In re Tawk Development LLC
   Bankr. D. Nev. Case No. 15-16986
      Chapter 11 Petition filed December 18, 2015
         See http://bankrupt.com/misc/nvb15-16986.pdf
         represented by: Talitha B. Gray Kozlowski, Esq.
                         GTG, LLP
                         E-mail: tgray@gtg.legal

In re HFIG Freehold, LLC aka Club Metro Freehold
   Bankr. D.N.J. Case No. 15-33591
      Chapter 11 Petition filed December 18, 2015
         See http://bankrupt.com/misc/njb15-33591.pdf
         represented by: David S. Catuogno, Esq.
                         FORMAN HOLT ELIADES & YOUNGMAN LLC
                         E-mail: dcatuogno@formanlaw.com

In re Tracy Hua
   Bankr. D.N.J. Case No. 15-33607
      Chapter 11 Petition filed December 18, 2015

In re Lighthouse Historical Foundation Inc
   Bankr. D.P.R. Case No. 15-10029
      Chapter 11 Petition filed December 18, 2015
         See http://bankrupt.com/misc/prb15-10029.pdf
         represented by: Jose Ramon Cintron, Esq.
                         E-mail: jrcintron@prtc.net

In re 1672, Inc.
   Bankr. D.P.R. Case No. 15-10067
      Chapter 11 Petition filed December 18, 2015
         See http://bankrupt.com/misc/prb15-10067.pdf
         represented by: Alexis Fuentes Hernandez, Esq.
                         FUENTES LAW OFFICES, LLC
                         E-mail: alex@fuentes-law.com

In re 1666, Inc.
   Bankr. D.P.R. Case No. 15-10068
      Chapter 11 Petition filed December 18, 2015
         See http://bankrupt.com/misc/prb15-10068.pdf
         represented by: Alexis Fuentes Hernandez, Esq.
                         FUENTES LAW OFFICES, LLC
                         E-mail: alex@fuentes-law.com

In re 1665, Inc.
   Bankr. D.P.R. Case No. 15-10069
      Chapter 11 Petition filed December 18, 2015
         See http://bankrupt.com/misc/prb15-10069.pdf
         represented by: Alexis Fuentes Hernandez, Esq.
                         FUENTES LAW OFFICES, LLC
                         E-mail: alex@fuentes-law.com

In re David Alan Force
   Bankr. W.D. Wash. Case No. 15-17343
      Chapter 11 Petition filed December 18, 2015
         represented by: Steven C. Hathaway, Esq.
                         E-mail: s.hathaway@comcast.net

In re James Alvin Joseph
   Bankr. D.S.C. Case No. 15-06707
      Chapter 11 Petition filed December 18, 2015

In re Laura Cristina Barragan
   Bankr. C.D. Cal. Case No. 15-19156
      Chapter 11 Petition filed December 21, 2015
         represented by: Onyinye N Anyama, Esq.
                         ANYAMA LAW FIRM
                         E-mail: onyi@anyamalaw.com

In re Rachel Dulay
   Bankr. N.D. Cal. Case No. 15-31556
      Chapter 11 Petition filed December 21, 2015
         filed Pro Se

In re Wesley Medical Staffing, Inc.
   Bankr. N.D. Cal. Case No. 15-31557
      Chapter 11 Petition filed December 21, 2015
         See http://bankrupt.com/misc/canb15-31557.pdf
         represented by: Craig K. Welch, Esq.
                         LAW OFFICE OF CRAIG K. WELCH
                         E-mail: cwelch@craigwelchlegal.com

In re Salyersville Medical Center, LLC
   Bankr. E.D. Ky. Case No. 15-70818
      Chapter 11 Petition filed December 21, 2015
         See http://bankrupt.com/misc/kyeb15-70818.pdf
         represented by: Jamie L. Harris, Esq.
                         DELCOTTO LAW GROUP PLLC
                         E-mail: jharris@dlgfirm.com

In re Oscar Alberto Moretti
   Bankr. D. Nev. Case No. 15-16995
      Chapter 11 Petition filed December 21, 2015
         represented by: Michael J. Harker, Esq.
                         E-mail: notices@harkerlawfirm.com

In re Sattley, LLC
   Bankr. D. Nev. Case No. 15-16998
      Chapter 11 Petition filed December 21, 2015
         See http://bankrupt.com/misc/nvb15-16998.pdf
         represented by: Steven L. Yarmy, Esq.
                         E-mail: sly@stevenyarmylaw.com

In re Waterboyz, Inc.
   Bankr. W.D. Penn. Case No. 15-70846
      Chapter 11 Petition filed December 21, 2015
         See http://bankrupt.com/misc/pawb15-70846.pdf
         represented by: Robert O Lampl, Esq.
                         E-mail: rol@lampllaw.com

In re Ben Holman McIndoe
   Bankr. W.D. Wash. Case No. 15-17388
      Chapter 11 Petition filed December 21, 2015
         represented by: Larry B. Feinstein, Esq.
                         VORTMAN & FEINSTEIN
                         E-mail: feinstein1947@gmail.com

In re Naoher Enoch Thao
   Bankr. W.D. Ark. Case No. 15-73226
      Chapter 11 Petition filed December 21, 2015

In re Allen Anthony Chaney and Karen Hammonds Chaney
   Bankr. N.D. Ala. Case No. 15-83444
      Chapter 11 Petition filed December 22, 2015

In re Kate Michelle Cahill
   Bankr. M.D. Fla. Case No. 15-12624
      Chapter 11 Petition filed December 22, 2015

In re Mount Zion Apostolic Development Centers Inc.
   Bankr. S.D. Fla. Case No. 15-31962
      Chapter 11 Petition filed December 22, 2015
         filed Pro Se

In re John D. McLeod
   Bankr. M.D. Ga. Case No. 15-71453
      Chapter 11 Petition filed December 22, 2015

In re The GW Agency LTD
   Bankr. D. Minn. Case No. 15-34441
      Chapter 11 Petition filed December 22, 2015
         See http://bankrupt.com/misc/mnb15-34441.pdf
         represented by: Steven B Nosek, Esq.
                         STEVEN NOSEK
                         E-mail: snosek@noseklawfirm.com

In re Stampede Forest Products, Inc.
   Bankr. E.D. Wash. Case No. 15-04150
      Chapter 11 Petition filed December 22, 2015
         See http://bankrupt.com/misc/waeb15-04150.pdf
         represented by: Kevin O’Rourke, Esq.
                         SOUTHWELL AND O'ROURKE
                         E-mail: kevin@southwellorourke.com

In re Medical Matters, LLC
   Bankr. S.D.W. Va. Case No. 15-50278
      Chapter 11 Petition filed December 22, 2015
         See http://bankrupt.com/misc/wvsb15-50278.pdf
         represented by: Robert P. Dunlap II, Esq.
                         ROBERT P. DUNLAP PLLC
                         E-mail: robertdunlapesq@aol.com

In re W.S.B. & Associates, Inc.
   Bankr. N.D. Cal. Case No. 15-43859
      Chapter 11 Petition filed December 22, 2015
         See http://bankrupt.com/misc/canb15-43859.pdf
         represented by: Robert L. Goldstein, Esq.
                         LAW OFFICES OF ROBERT L. GOLDSTEIN
                         E-mail: rgoldstein@taxexit.com

In re Jose L Barrionuevo
   Bankr. N.D. Cal. Case No. 15-54003
      Chapter 11 Petition filed December 22, 2015

In re Andrew Bruce Migell
   Bankr. M.D. Fla. Case No. 15-10569
      Chapter 11 Petition filed December 22, 2015

In re Thomas Mitchell Fenton and Brielyn Rae Fenton
   Bankr. W.D. Wash. Case No. 15-17409
      Chapter 11 Petition filed December 22, 2015

In re Arizona Entryways, LLC
   Bankr. D. Ariz. Case No. 15-16071
      Chapter 11 Petition filed December 23, 2015
         See http://bankrupt.com/misc/azb15-16071.pdf
         represented by: Michael A. Jones, Esq.
                         ALLEN MAGUIRE & BARNES, PLC
                         E-mail: mjones@ambazlaw.com

In re Covenant Property Management LLC
   Bankr. D.D.C. Case No. 15-00674
      Chapter 11 Petition filed December 23, 2015
         See http://bankrupt.com/misc/dcb15-00674.pdf
         represented by: Brent C. Strickland, Esq.
                         WHITEFORD, TAYLOR, & PRESTON LLP
                         E-mail: bstrickland@wtplaw.com

In re J J Custom Painting & Interior Design, Inc.
   Bankr. S.D. Fla. Case No. 15-32049
      Chapter 11 Petition filed December 23, 2015
         See http://bankrupt.com/misc/flsb15-32049.pdf
         represented by: James A Poe, Esq.
                         JAMES ALAN POE, P.A.
                         E-mail: jpoe@jamesalanpoepa.com

In re Radokovic Enterprises, LLC
   Bankr. W.D. Penn. Case No. 15-24657
      Chapter 11 Petition filed December 23, 2015
         See http://bankrupt.com/misc/pawb15-24657.pdf
         represented by: Francis E. Corbett, Esq.
                         E-mail: fcorbett@fcorbettlaw.com

In re 1656, Inc.
   Bankr. D.P.R. Case No. 15-10156
      Chapter 11 Petition filed December 23, 2015
         See http://bankrupt.com/misc/prb15-10156.pdf
         represented by: Alexis Fuentes Hernandez, Esq.
                         FUENTES LAW OFFICES, LLC
                         E-mail: alex@fuentes-law.com

In re 1659, Inc.
   Bankr. D.P.R. Case No. 15-10157
      Chapter 11 Petition filed December 23, 2015
         See http://bankrupt.com/misc/prb15-10157.pdf
         represented by: Alexis Fuentes Hernandez, Esq.
                         FUENTES LAW OFFICES, LLC
                         E-mail: alex@fuentes-law.com

In re 1663, Inc.
   Bankr. D.P.R. Case No. 15-10158
      Chapter 11 Petition filed December 23, 2015
         See http://bankrupt.com/misc/prb15-10158.pdf
         represented by: Alexis Fuentes Hernandez, Esq.
                         FUENTES LAW OFFICES, LLC
                         E-mail: alex@fuentes-law.com

In re 1670, Inc.
   Bankr. D.P.R. Case No. 15-10159
      Chapter 11 Petition filed December 23, 2015
         See http://bankrupt.com/misc/prb15-10159.pdf
         represented by: Alexis Fuentes Hernandez, Esq.
                         FUENTES LAW OFFICES, LLC
                         E-mail: alex@fuentes-law.com

In re Restaurant El Obrero Inc.
   Bankr. D.P.R. Case No. 15-10208
      Chapter 11 Petition filed December 23, 2015
         See http://bankrupt.com/misc/prb15-10208.pdf
         represented by: Javier Vilarino, Esq.
                         VILARINO & ASSOCIATES LLC
                         E-mail: jvilarino@vilarinolaw.com

In re Davamada, Inc.
   Bankr. D.P.R. Case No. 15-10223
      Chapter 11 Petition filed December 23, 2015
         See http://bankrupt.com/misc/prb15-10223.pdf
         represented by: Javier Vilarino, Esq.
                         VILARINO & ASSOCIATES LLC
                         E-mail: jvilarino@vilarinolaw.com

In re Aida Segovia Belisario
   Bankr. S.D. Cal. Case No. 15-08104
      Chapter 11 Petition filed December 24, 2015

In re T.J. Investment Group, LLC
   Bankr. D.N.J. Case No. 15-33938
      Chapter 11 Petition filed December 24, 2015
         See http://bankrupt.com/misc/njb15-33938.pdf
         represented by: Alla Kachan, Esq.
                         LAW OFFICES OF ALLA KACHAN PC
                         E-mail: alla@kachanlaw.com

In re Printing and Bike Corporation
   Bankr. D.P.R. Case No. 15-10240
      Chapter 11 Petition filed December 24, 2015
         See http://bankrupt.com/misc/prb15-10240.pdf
         represented by: Alexis A Betancourt Vincentry, Esq.
                         LUGO MENDER GROUP LLC
                         E-mail: a_betancourt@lugomender.com

In re J-Taste, Inc.
   Bankr. D.P.R. Case No. 15-10243
      Chapter 11 Petition filed December 24, 2015
         See http://bankrupt.com/misc/prb15-10243.pdf
         represented by: Hector Eduardo Pedrosa-Luna, Esq.
                   THE LAW OFFICES OF HECTOR EDUARDO PEDROSA-LUNA
                         E-mail: hectorpedrosa@gmail.com

In re Victor Stephen Jones
   Bankr. D. Idaho Case No. 15-01671
      Chapter 11 Petition filed December 28, 2015

In re Definitions Madison, LLC
   Bankr. S.D.N.Y. Case No. 15-13370
      Chapter 11 Petition filed December 28, 2015
         See http://bankrupt.com/misc/nysb15-13370.pdf
         represented by: Arnold Mitchell Greene, Esq.
                ROBINSON BROG LEINWAND GREENE GENOVESE & GLUCK, PC
                         E-mail: amg@robinsonbrog.com

In re B.L. Gustafson, LLC
   Bankr. W.D. Penn. Case No. 15-11361
      Chapter 11 Petition filed December 28, 2015
         See http://bankrupt.com/misc/pawb15-11361.pdf
         represented by: Guy C. Fustine, Esq.
                         KNOX MCLAUGHLIN GORNALL & SENNETT, PC
                         E-mail: mwernick@kmgslaw.com

In re Patrick Taylor Adams and Linda Ann Adams
   Bankr. N.D. Tex. Case No. 15-35093
      Chapter 11 Petition filed December 28, 2015

In re Hickey Creek Development LLC
   Bankr. M.D. Fla. Case No. 15-12746
      Chapter 11 Petition filed December 28, 2015
         filed Pro Se

In re Ralph Norris Gatheright
   Bankr. D. Md. Case No. 15-27669
      Chapter 11 Petition filed December 28, 2015

In re Miller Strategem Investment Group, LLC
   Bankr. C.D. Cal. Case No. 15-29437
      Chapter 11 Petition filed December 29, 2015
         See http://bankrupt.com/misc/cacb15-29437.pdf
         represented by: Dayna C Chillas, Esq.
                         ARROW LEGAL SERVICES
                         E-mail: arrowlegalecf@gmail.com

In re Government Contract Registry, Inc.
   Bankr. M.D. Fla. Case No. 15-12767
      Chapter 11 Petition filed December 29, 2015
         filed Pro Se

In re Lakeshore Veterinary Hospital & Pet Lodge (A Professional
Veterinary Medicine Corporation)
   Bankr. E.D. La. Case No. 15-13308
      Chapter 11 Petition filed December 29, 2015
         See http://bankrupt.com/misc/laeb15-13308.pdf
         represented by: Robin R. DeLeo, Esq.
                         THE DE LEO LAW FIRM, LLC
                         E-mail: jennifer@northshoreattorney.com

In re Whitney Restaurant Management Ltd.
   Bankr. S.D.N.Y. Case No. 15-13375
      Chapter 11 Petition filed December 29, 2015
         See http://bankrupt.com/misc/nysb15-13375.pdf
         represented by: J. Ted Donovan, Esq.
                         GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP
                         E-mail: TDonovan@GWFGlaw.com

In re Sally B. Spalding
   Bankr. D. Or. Case No. 15-64217
      Chapter 11 Petition filed December 29, 2015

In re Carl Medgaus and Norma Medgaus
   Bankr. W.D. Penn. Case No. 15-24694
      Chapter 11 Petition filed December 29, 2015

In re Ganter Global, LLC
   Bankr. E.D. Tex. Case No. 15-42273
      Chapter 11 Petition filed December 29, 2015
         See http://bankrupt.com/misc/txeb15-42273.pdf
         represented by: Carissa Picard, Esq.
                         E-mail: cspicardesq@gmail.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.

                            *********

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 2016.  All rights reserved.  ISSN: 1520-9474.

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

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

                   *** End of Transmission ***