TCR_Public/160128.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 28, 2016, Vol. 20, No. 28

                            Headlines

ABAKAN INC: Enters Into Satisfaction Agreement with Creditors
AEMETIS INC: Sprott Inc., et al., Report 5.9% Stake as of Dec. 31
ALVION PROPERTIES: Committee Taps Bryan Cave as Local Counsel
ALVION PROPERTIES: Committee Taps Pachulski Stang as Counsel
ALVION PROPERTIES: Panel Wants to Tap Giulano Miller as Advisors

ALVION PROPERTIES: Robert Eggmann Approved as Disbursing Agent
AMERICAN APPAREL: Announces Approval of Prearranged Plan
AMERICAN APPAREL: Tapped Marcum LLP as Auditors
AMERICAN APPAREL: Tapped Moss Adams as Accountants
AMERICAN AXLE: BlackRock Reports 8.3% Stake as of Dec. 31

AMERICAN POWER: Extends Iowa Bank Credit Maturity to April 15
ANACOR PHARMACEUTICALS: Eagle Asset Has 2.2% Stake as of Dec. 31
BEAZER HOMES: BlackRock Holds 8.6% Equity Stake as of Dec. 31
BERRY PLASTICS: BlackRock Reports 5.9% Stake as of Dec. 31
BOOMERANG SYSTEMS: DIP Loan Amended Amid Move to Liquidate

BOOMERANG SYSTEMS: Files Ch. 11 Plan of Liquidation
BOOMERANG SYSTEMS: Proposes Game Over-Led Auction on March 23
BOWIE RESOURCE: S&P Affirms 'B' CCR & Rates $650MM Loan 'BB-'
BROADVIEW NETWORKS: BlackRock Holds 8.8% Stake as of Dec. 31
BUILDERS FIRSTSOURCE: Stadium Capital, et al., Report 6.4% Stake

BUNKERS INT'L: Taps Cavus & Coskunsu as Collections Counsel
CARDIAC SCIENCE: $900,000 Carve-Out Challenged by U.S. Trustee
CARDIAC SCIENCE: Defends $900,000 Carve-Out for Committee
CAREFREE WILLOWS: Court Approves Dentons US as Trustee's Counsel
CAREFREE WILLOWS: Court Okays Brian Shapiro as Trustee's Counsel

CENTRAL METAL: Anti-SLAPP Ruling in Central Bank Suit Affirmed
CHAMPION INDUSTRIES: Marshall Reynolds Owns 53.7 of CL-A Shares
CHAPARRAL ENERGY: S&P Revises Rating to 'CCC+', Outlook Negative
CHARMING CHARLIE: S&P Puts 'B-' CCR on CreditWatch Negative
CHINOOK USA: Suits Against Duck Commander Consolidated

CROSBY NATIONAL: Venue Transfer Serves Best Interest, Judge Says
DF SERVICING: Meeting of Creditors Set for Feb. 1
EAGLE MOUNTAIN: Net Losses Raise Going Concern Doubt
EAST ORANGE GENERAL: Deadline to Remove Suits Extended to May 9
EMPIRE RESORTS: Rights Offering Expires February 10

ENERGY FUTURE: Kirkland & Ellis' Fees on Chapter 11 Nearing $150M
EXELIXIS INC: Meditor Group Reports 9.7% Stake as of Dec. 31
GELTECH SOLUTIONS: Expects 2016 Wildland Revenues of $2M-2.5M
GOODRICH PETROLEUM: Commences Exchange Offers to Avoid Ch. 11
GREAT LAKES COMNET: Appoints KCC as Claims and Noticing Agent

GREAT LAKES COMNET: Asks for 21-Day Extension to File Schedules
GREAT LAKES COMNET: Seeks Approval of $5.5 Million DIP Financing
GREAT LAKES COMNET: Seeks Joint Administration of Cases
HAMPSHIRE GROUP: Elliott Davis Expresses Going Concern Doubt
HAVERHILL CHEMICALS: Has Deal with BofA on 9th Amended Budget

HEALTHWAREHOUSE.COM INC: Renews Senior Secured Debt With Melrose
HELLAS TELECOMMS: Cos. Want PE Row Over $565M Judgment Tossed
HONG KONG ENTERTAINMENT: U.S. Trustee Balks at First Day Motions
HYPNOTIC TAXI: Bank OK'd to Attach Real Estate Entities to Trusts
HYUN UM: Spokane Rock Wins Partial Summary Judgment

IMEDICOR INC: Cross Fernandez Expresses Going Concern Doubt
INTERNATIONAL SUPPLY: Reports Total Assets of $11.2 Million
ISIGN SOLUTIONS: Effects 1-for-1,250 Reverse Common Stock Split
KSL MEDIA: Suit Against Landau Gottfried Remanded to Bankr. Court
LIQUID HOLDINGS: Files Chapter 11 Bankruptcy Petition

LONESTAR GEOPHYSICAL: Can Use Frontier Cash Collateral Until Feb.
LONG RUN: Forbearance Agreement Extended to Jan. 29
LYONDELL CHEMICAL: Court Dismisses Count 4 of Suit vs. Blavatnik
MICHAEL KING FOUNDATION: Case Summary & 4 Top Unsecured Creditors
MIDSTATES PETROLEUM: R/C IV Eagle Reports 24% Stake as of Jan. 22

MILAGRO OIL: Has Until Feb. 10 to Decide on Unexpired Leases
MILAGRO OIL: Has Until Feb. 10 to Remove Causes of Action
MILLENNIUM LAB: Appeal from Confirmation Order Does to 3rd Cir.
MOLYCORP INC: Judge Limits News Leak Hunt
MONAKER GROUP: Appoints New CFO and COO for Next Phase of Growth

NEW GULF RESOURCES: Wants to Assume Backstop Note Purchase Deal
NUO THERAPEUTICS: Approval of Equity Transfer Procedures Sought
NUO THERAPEUTICS: Files for Ch. 11 to Sell All Assets
NUO THERAPEUTICS: Obtains $9-Mil. DIP Commitment From Deerfield
NUO THERAPEUTICS: Taps Epiq as Claims and Noticing Agent

PACIFIC RECYCLING: Court Approves Vanden Bos as Special Counsel
PRIVA TECHNOLOGIES: Pro Marketing Has Superior Claim, 6th Cir. Says
RECYCLING INC: Case Summary & 12 Largest Unsecured Creditors
RELATIVITY MEDIA: Completes Post-Emergence Financing Commitments
RELATIVITY MEDIA: Unsecured Creditors Vote In Favor of Plan

SUN BANCORP: Written Agreement with OCC Terminated
TALA JEWELERS: Case Summary & 20 Largest Unsecured Creditors
TECHPRECISION CORP: Extends Revere Loan Maturity to Jan. 2018
TRANSGENOMIC INC: Has Resale Prospectus of 1.1M Common Shares
TRANSGENOMIC INC: Has Resale Prospectus of 7.2M Common Shares

UNIVERSAL SECURITY: History of Losses Raises Going Concern Doubt
VARIANT HOLDING: FX3 Debtors Seek to Use Cash Collateral
VARIANT HOLDING: H14 Debtors Seek to Use Cash Collateral
VARIANT HOLDING: Meeting of Creditors Set for Feb. 11
VARIANT HOLDING: Oaks at Stonecrest Seeks to Use Cash Collateral

VARIANT HOLDING: Proposes $20MM Add'l Financing for Subsidiaries
VARIANT HOLDING: Units File for Ch. 11 to Pursue $190-Mil. Sale
VERSO CORPORATION: Files for Ch. 11 Amid Decline in Paper Demand
VERSO CORPORATION: Has Restructuring Support Agreement, Financing
VERSO CORPORATION: Proposes Procedures to Protect NOLs

VERSO CORPORATION: Says Ch. 11 Won't Impact Daily Business
VERSO CORPORATION: Wants to Pay $30-Mil. Critical Vendor Claims
WHISKEY ONE: Plan Filing Deadline Extended to Feb. 10
WORLDWIDE TRANSPORTATION: Case Summary & Top Unsecured Creditors
YELLOW CAB CO-OP: Files for Chapter 11 Bankruptcy Protection

[*] Carl Marks Advisors Announces Three Promotions
[*] Fla. Bankruptcy Judge Jails Atty. Over Trust Fund Accounting
[*] O'Melveny & Myers Named Among BLaw360's 2015 Bankruptcy Group
[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

ABAKAN INC: Enters Into Satisfaction Agreement with Creditors
-------------------------------------------------------------
The Receiver of Abakan, Inc. on Jan. 20 disclosed that on January
4, 2016, Abakan and MesoCoat Inc. entered into a Satisfaction and
Assignment Agreement with secured creditors George Town, SA and
Sonoro Invest S.A., as well as unsecured creditors Joseph T.
Eberhard, and David van der Gulik, Warren Lydon, Philip Graves,
Paul Ammon, Ammon & Associates and Vladimir Chernyakov, reflecting
the terms of the Court Approved Transaction.  Pursuant to the
Satisfaction Agreement, Abakan transferred 77.5% of the outstanding
stock and ownership in MesoCoat to the Creditors in satisfaction of
approximately $6.24 million of claims by the Creditor's against
Abakan and MesoCoat.  Under the terms of the Satisfaction
Agreement, George Town received 38.75% of MesoCoat's outstanding
stock, Sonoro received 28.17% of MesoCoat's outstanding stock,
Eberhard received 7.44% of MesoCoat's outstanding stock and the
Abakan Petitioning Creditors received an aggregate of 3.14% of
MesoCoat's outstanding stock.  Abakan retained 22.5% of MesoCoat's
outstanding stock.  In addition, MesoCoat agreed to pay in full the
claims of certain creditors of MesoCoat in the aggregate amount of
approximately $41,900 within 14 days of execution of the
Satisfaction Agreement.  Further, pursuant to the Satisfaction
Agreement, the Receiver will continue to serve as receiver over
MesoCoat and Abakan for 91 days following the date of the
Settlement Agreement.  MesoCoat is continuing to pay other
creditors in the ordinary course of business.

The agreement was entered into after proposed settlement
transactions were considered at a hearing on December 16, 2015 at
the United States District Court for the Southern District of New
York.

For any questions of the Abakan and MesoCoat Receiver, please
contact David G. Liston, Esq., general counsel to the Receiver, at
212-822-0160, or Thomas Messana, Esq., bankruptcy counsel to the
Receiver at 954-712-7400.

For any questions of counsel for the petitioning unsecured
creditors, please contact Linda Leali, Esq. at 305-341-0671.

For any questions of counsel for the Abakan board of directors,
please contact Geoffrey Aaronson, Esq. at 786-594-3528.

Abakan Inc. designs, develops, manufactures, and markets advanced
nano-composite materials, fabricated metal products, highly
engineered metal composites and engineered reactive materials.  The
Company serves the oil and gas, petrochemical, mining, aerospace
and defense, energy, infrastructure, and processing industries.


AEMETIS INC: Sprott Inc., et al., Report 5.9% Stake as of Dec. 31
-----------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Sprott Inc. and Sprott Private Credit Trust disclosed
that as of Dec. 31, 2015, they beneficially own 1,151,373 common
shares of Aemetis, Inc., representing 5.9 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/4lhnIc

                        About Aemetis

Cupertino, Calif.-based Aemetis, Inc., is an international
renewable fuels and specialty chemical company focused on the
production of advanced fuels and chemicals and the acquisition,
development and commercialization of innovative technologies that
replace traditional petroleum-based products and convert first-
generation ethanol and biodiesel plants into advanced
biorefineries.

For the nine months ended Sept. 30, 2015, the Company recorded a
net loss of $20.7 million on $111 million of revenues compared to
net income of $10.9 million on $166 million of revenues for the
same period a year ago.

As of Sept. 30, 2015, the Company had $87.0 million in total
assets, $116 million in total liabilities, and a $29.02 million
total stockholders' deficit.


ALVION PROPERTIES: Committee Taps Bryan Cave as Local Counsel
--------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
case of Alvion Properties, Inc., sought and obtained authority from
the Bankruptcy Court to retain Bryan Cave LLP as its local counsel
effective as of Oct. 26, 2015.

Bryan Cave will assist the Committee to respond quickly and
substantively to the issues that may arise in the case, including
filing of the Committee's objection to the First Amended Disclosure
Statement.  Additionally, Bryan Cave is expected to, among other
things:

   a. assist in any efforts to sell assets of the Debtor in a
      manner that maximizes value for unsecured creditors;

   b. review and investigate the liens of purported secured
      parties;

   c. review and investigate any prepetition transactions of the
      Debtor.

The hourly rates of Bryan Cave professionals anticipated to
primarily provide services to the Committee are:

         Stephanie Wickouski, partner           $850
         Daniel C. Nester, partner              $535
         Michelle McMahon, partner              $655
         Laura Uberti Hughes, associate         $405
         Susan Reiss, paralegal                 $245

Bryan Cave has not been paid any retainer against which to bill
fees and expenses with respect to the case.

To the best of the Committee's knowledge, neither Bryan Cave, nor
any of its attorneys, represent any interest adverse to that of the
Committee in the matters on which they are to be retained.

The Firm can be reached at:

          BRYAN CAVE LLP
          Daniel C. Nester, Esq.
          Laura Uberti Hughes, Esq.
          One Metropolitan Square
          211 N. Broadway, Suite 3600
          St. Louis, MO 63102
          Telephone: (314)259-2000
          Facsimile: (314)259-2020
          E-mail: dcnester@bryancave.com
                  laura.hughes@bryancave.com

                      About Alvion Properties

Alvion Properties, Inc., is a Virginia corporation formed in 1995
with the placement of real property and mineral rights it owns
today.  Alvion owns 1,295 acres of undeveloped land, with
significant coal reserves along with timber and building stone, in
Scott County, Virginia.  Alvion also owns an additional 3,219
Acres of mineral rights in property north of its fee simple
ownership.

The current stockholders are Harold M. (Jack) Reynolds and Shirley
Medley.  Mr. Reynolds owns several entities involved in the coal
business.  Shirley and her family also owned coal mines from 1970
to 2010.

Alvion Properties filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Ill. Case No. 15-40462) on May 14, 2015.  Karnes Medley, the
president, signed the petition.

The Debtor disclosed total assets of $1 billion and total debts of
$2.7 million in its petition.

Antonik Law Offices serves as the Debtor's counsel.

The meeting of creditors was held on June 17, 2015.

The U.S. trustee overseeing the Chapter 11 case of Alvion
Properties appointed four creditors to serve on the official
committee of unsecured creditors.  Pachulski Stang Ziehl & Jones
LLP and Bryan Cave LLP represent the Creditors Committee.


ALVION PROPERTIES: Committee Taps Pachulski Stang as Counsel
------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
case of Alvion Properties, Inc., sought and obtained permission
from the Bankruptcy Court to retain Pachulski Stang Ziehl & Jones
LLP as counsel effective as of Oct. 26, 2015.

As counsel, PSZJ will, among other things:

   a. assist, advise, and represent the Committee in its
      consultations with the Debtor regarding the administration
      of the case;

   b. assist, advise, and represent the Committee in analyzing the

      Debtor's assets and liabilities, investigating the extent
      and validity of liens and participating in and reviewing any

      proposed asset sales, any asset dispositions, financing
      arrangements and cash collateral stipulations or
      proceedings; and

   c. assist, advise, and represent the Committee in any manner
      relevant to reviewing and determining the Debtor's rights
      and obligations under leases and other executory contracts.

PSZJ will paid for its services on an hourly basis, and reimbursed
for actual, necessary expenses and other charges incurred by the
Firm.  

The primary PSZJ professionals and paralegals presently designated
to represent the Committee and their standard hourly rates are:

         Bradford J. Sandler                 $825
         Shirley S. Cho                      $750
         Patricia Jeffries                   $305

To the best of the Committee's knowledge, neither the Firm, nor any
of its attorneys represent any interest adverse to
that of the Committee in the matters on which they are to be
retained.

The Firm can be reached at:

          PACHULSKI STANG ZIEHL & JONES LLP
          Bradford J. Sandler, Esq.
          Shirley S. Cho, Esq.
          919 North Market St., 17th Fl.
          Wilmington, DE 19801
          Telephone: (302)652-4100
          Facsimile: (302)652-4400  
          E-mail: bsandler@pszjlaw.com
                  scho@pszjlaw.com

                      About Alvion Properties

Alvion Properties, Inc., is a Virginia corporation formed in 1995
with the placement of real property and mineral rights it owns
today.  Alvion owns 1,295 acres of undeveloped land, with
significant coal reserves along with timber and building stone, in
Scott County, Virginia.  Alvion also owns an additional 3,219
acres of mineral rights in property north of its fee simple
ownership.

The current stockholders are Harold M. (Jack) Reynolds and Shirley
Medley.  Mr. Reynolds owns several entities involved in the coal
business.  Shirley and her family also owned coal mines from 1970
to 2010.

Alvion Properties filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Ill. Case No. 15-40462) on May 14, 2015.  Karnes Medley, the
president, signed the petition.

The Debtor disclosed total assets of $1 billion and total debts of
$2.7 million in its petition.

Antonik Law Offices serves as the Debtor's counsel.

The meeting of creditors was held on June 17, 2015.

The U.S. trustee overseeing the Chapter 11 case of Alvion
Properties appointed four creditors to serve on the official
committee of unsecured creditors.  Pachulski Stang Ziehl & Jones
LLP and Bryan Cave LLP represent the Creditors Committee.


ALVION PROPERTIES: Panel Wants to Tap Giulano Miller as Advisors
----------------------------------------------------------------
The Official Committee of Unsecured Creditors appointed in the
bankruptcy case of Alvion Properties, Inc., seeks to retain
Giulano, Miller & Company, LLC, as its financial advisor, effective
as of November 17, 2015.

The services GMC may be required to render for the Committee
include:

  -- assisting the Committee in complying with its duties under
     Sec. 1103 of the Bankruptcy Code;

  -- analyzing the financial operations of the Debtor as
     necessary;

  -- conducting any requested financial analysis including
     verifying the material assets and liabilities of the Debtor,
     as necessary, and their values;

  -- analyzing transactions with insiders, related and/or
     affiliated companies;

  -- analyzing the Debtor's proposed sale transaction;

  -- analyzing any plan of reorganization;

  -- analyzing transactions with the Debtor's financing
     transactions; and

  -- assisting counsel in preparing for any depositions and
     testimony.

GMC's current hourly rates are:

        Senior Member                 $625
        Managers                      $450 - $475
        Senior Staff                  $375 - $395
        Staff                         $250 - $295
        Paraprofessionals             $160 - $180

GMC has advised the Committee that it neither (i) holds an adverse
interest in connection with the Debtor's case, nor (ii) represents
any other entity having an adverse interest in connection with the
Debtor's case.  GMC and its members are "disinterested persons"
within the meaning of Section 101(14) of Title 11, United States
Code.

                             UST Reacts

Nancy J. Gargula, the U.S. Trustee for Region 10, opposes the GMC
Application, asserting that the Committee failed to state the
specific facts showing the necessity for the employment of a
financial advisor.

Mark D. Skaggs, trial attorney for the U.S. Trustee, contends that
given the simplistic nature of the case, the Committee Counsel
should be more than adequately skilled to determine the financial
issues with regard to the Debtor's Motion to Sell its Assets and
ultimately the proposed bankruptcy plan.

Mr. Skaggs notes that the most difficult part of the transaction
has already been accomplished -- the money to complete the purchase
is present and ready.  He cites that the net proceeds from the
Motion to Sell used to pay the creditor claims are expected to be
more than $6 million.

                      Committee Replies Back

In response to the U.S. Trustee's Objection, the Committee
maintains that it needs the advice of a financial advisor with a
tax specialization in order to evaluate the Debtor's "721
Transaction."

The Committee cites that the Debtor, under its bankruptcy plan, is
proposing to complete a very complicated sale transaction under
Internal Revenue Code Section 721 that would actually transfer the
Debtor's assets outside the Debtor's bankruptcy estate and beyond
the jurisdiction of the Bankruptcy Court.

The GCM Firm can be reached at:

     Guilano Miller & Company
     140 Bradford Dr # C,
     West Berlin, NJ 08091, United States
     Attn: Alfred T. Giulano
     Email: atgiuliano@giulianomiller.com

The U.S. Trustee is represented by:

     Mark D. Scraggs
     United States Department of Justice
     Office of the United States Trustee
     401 Main Street, Suite 1100
     Peoria, IL 61602
     Tel No: (309) 671-7857
     Fax No: (309) 671-7857
     Email: Mark.D.Skaggs@usdoj.gov

The Creditors Committee is represented by Daniel C. Nester, Esq.
and Laura Uberti Hughes, Esq. of BRYAN CAVE LLP, and Bradford J.
Sandler, Esq., and Shirley S. Cho, Esq. of PACHULSKI STANG ZIEHL &
JONES LLP.

                      About Alvion Properties

Alvion Properties, Inc., is a Virginia corporation formed in 1995
with the placement of real property and mineral rights it owns
today.  Alvion owns 1,295 acres of undeveloped land, with
significant coal reserves along with timber and building stone, in
Scott County, Virginia.  Alvion also owns an additional 3,219
acres of mineral rights in property north of its fee simple
ownership.

The current stockholders are Harold M. (Jack) Reynolds and Shirley
Medley.  Mr. Reynolds owns several entities involved in the coal
business.  Shirley and her family also owned coal mines from 1970
to 2010.

Alvion Properties filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Ill. Case No. 15-40462) on May 14, 2015.  Karnes Medley, the
president, signed the petition.

The Debtor disclosed total assets of $1 billion and total debts of
$2.7 million in its petition.

Antonik Law Offices serves as the Debtor's counsel.

The meeting of creditors was held on June 17, 2015.

The U.S. trustee overseeing the Chapter 11 case of Alvion
Properties appointed four creditors to serve on the official
committee of unsecured creditors.  Pachulski Stang Ziehl & Jones
LLP and Bryan Cave LLP represent the Creditors Committee.


ALVION PROPERTIES: Robert Eggmann Approved as Disbursing Agent
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Illinois
appointed Robert Eggmann as disbursing agent for Alvion Properties,
Inc.

The Court's findings stated that Desai Eggmann Mason, LLC, its
members and associates, are disinterested persons; and any
objections to the motion had been resolved, including that of the
Official Committee of Unsecured Creditors.

The Court also ordered that Mr. Eggmann will not disburse any of
the Debtor's funds, unless and until a further order is entered
directing the disbursement of the funds.

Mr. Eggman will also serve as the initial manager under the
proposed operating agreement to be entered into by the Debtor under
the order authorizing sale of real property.

As reported by The Troubled Company Reporter on Oct. 30, 2015, the
Court authorized the Debtor to appoint Robert Eggman, Esq., at
Desai Eggman Mason LLC, as disbursing agent.

The Debtor said it desires to have a disbursing agent receive the
proceeds and ultimately make distribution of the proceeds to its
creditors pursuant to a confirmed Chapter 11 plan or order to
disburse on the approval of the sale of assets.

The Debtor noted Mr. Eggman will charge the firm $360 per hour.
The Debtor said the firm's associates and paralegals will bill $230
and $170 per hour, respectively.  The Debtor added the rate are
good until Dec. 31, 2015.

Mr. Eggman assured the Court that the firm he is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

The Committee is represented by:

         Daniel C. Nester, Esq.
         Laura Uberti Hughes, Esq.
         BRYAN CAVE LLP
         One Metropolitan Square
         211 N. Broadway, Suite 3600
         St. Louis, MO 63102
         Tel: (314) 259-2000
         Fax: (314) 259-2020
         E-mails: dcnester@bryancave.com
                  laura.hughes@bryancave.com

            -- and --

         Bradford J. Sandler, Esq.
         Shirley S. Cho, Esq.
         PACHULSKI STANG ZIEHL & JONES LLP
         919 North Market St., 17 th Fl.
         Wilmington, DE 19801
         Tel: (302) 652-4100
         Fax: (302) 652-4400 fax
         E-mail: bsandler@pszjlaw.com
                 scho@pszjlaw.com

                      About Alvion Properties

Alvion Properties, Inc., is a Virginia corporation formed in 1995
with the placement of real property and mineral rights it owns
today.  Alvion owns 1,295 acres of undeveloped land, with
significant coal reserves along with timber and building stone, in
Scott County, Virginia.  Alvion also owns an additional 3,219
acres of mineral rights in property north of its fee simple
ownership.

The current stockholders are Harold M. (Jack) Reynolds and Shirley
Medley.  Mr. Reynolds owns several entities involved in the coal
business.  Shirley and her family also owned coal mines from 1970
to 2010.

Alvion Properties filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Ill. Case No. 15-40462) on May 14, 2015.  Karnes Medley, the
president, signed the petition.

The Debtor disclosed total assets of $1 billion and total debts of
$2.7 million in its petition.

Antonik Law Offices serves as the Debtor's counsel.

The meeting of creditors was held on June 17, 2015.

The U.S. trustee overseeing the Chapter 11 case of Alvion
Properties appointed four creditors to serve on the official
committee of unsecured creditors.


AMERICAN APPAREL: Announces Approval of Prearranged Plan
--------------------------------------------------------
American Apparel, Inc., a manufacturer, distributor, and retailer
of branded fashion-basic apparel, on Jan. 25 disclosed that its
amended prearranged plan of reorganization has been confirmed by
the U.S. Bankruptcy Court for the District of Delaware.  With the
Court's approval, the Company is now focused on exiting Chapter 11
and fully implementing its strategy.

Paula Schneider, American Apparel's Chief Executive Officer,
commented, "The confirmation of our plan is a great accomplishment
for American Apparel.  This is a new day for the Company, and a
positive outcome for our customers, vendors and employees.  With
this milestone behind us, we are now fully focused on executing our
turnaround strategy as we continue working to drive revenue across
our wholesale, retail and e-commerce businesses; create innovative,
new and relevant products; launch new design and merchandising
initiatives; and continue to deliver innovative and inclusive
award-winning marketing campaigns."

Upon the Amended Plan becoming effective, the Company's secured
lenders will convert $230 million of secured debt into equity,
provide $40 million of exit financing, in the form of debt and
equity, and provide a $40 million asset-backed loan.  This $80
million of incremental liquidity will support the turnaround plan,
and interest expense will decrease by $20 million, Additionally,
the Company will become privately-held.

Ms. Schneider added, "We would like to thank our investors, our
customers, and our employees for their loyalty and support during
our restructuring.  I know we can work towards a new future for the
Company and concentrate on what matters: making and selling great
clothing, with a social conscience."

Andrew J. Herenstein, a co-founder of Monarch Alternative Capital
LP, a member of the Committee of Lead Lenders, said: "We are
pleased that the Amended Plan has been confirmed and look forward
to continuing to partner with the Company's management team and all
its stakeholders to build a better and stronger American Apparel."

American Apparel's legal advisor in connection with the
restructuring is Jones Day.  FTI Consulting serves as its
restructuring advisor and Moelis & Company serves as its investment
banker for the restructuring.

                      About American Apparel

American Apparel, Inc., American Apparel (USA), LLC,  American
Apparel Retail, Inc., American Apparel Dyeing & Finishing, Inc.,
KCL Knitting, LLC and Fresh Air Freight, Inc. sought Chapter 11
bankruptcy protection (Bankr. D. Del. Proposed Lead Case No.
15-12055) on Oct. 5, 2015.  The petition was signed by Hassan
Natha as chief financial officer.

The Debtors reported total assets of $199,360,934 and total
liabilities of $397,576,744.

The Debtors and their non-debtor affiliates operate a vertically
integrated manufacturing, distribution, and retail business
focused on branded fashion-basic apparel, employing approximately
8,500 employees across six manufacturing facilities and
approximately 230 retail stores in the United States and 17 other
countries worldwide.

The Debtors have engaged Jones Day as restructuring counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, Moelis &
Company as investment banker, FTI Consulting, Inc. as financial
advisor, DJM Real Estate as real estate consultant and Garden City
Group, LLC as claims and noticing agent.

                          *     *     *

The Debtors filed a proposed Joint Plan of Reorganization that
contemplates converting more than $200 million of senior notes into
equity interests of the reorganized American Apparel.

On Nov. 20, 2015, the Court approved the Disclosure Statement and
set a Jan. 7, 2016 voting deadline and a Jan. 20 plan confirmation
hearing.

On Jan. 10, the Debtors received a letter from former CEO Dov
Charney disclosing a proposed $300 million alternative transaction
that will be funded by Hagan Capital Group and Silver Creek
Capital Partners but American Apparel rejected the proposal.

On Jan. 25, 2016, the Court held a telephonic hearing, granting
confirmation of the Debtors' First Amended Plan, provided certain
revisions were made to the First Amended Plan and the proposed
confirmation order.


AMERICAN APPAREL: Tapped Marcum LLP as Auditors
-----------------------------------------------
American Apparel, Inc., et al., sought and obtained authority from
the Bankruptcy Court to hire Marcum LLP as their auditors, nunc pro
tunc to Dec. 8, 2015.  The Debtors required Marcum's auditing
services in connection with their third quarter and year-end
financial statements.  

Marcum's fees will be subject to these caps during the period the
Debtors are in bankruptcy:

   -- $110,000 for the "Third Quarter Review Work" and

   -- $750,000 for the "Year-End Audit Work".

The "Third Quarter Review Work" refers to the review of the
condensed consolidated balance sheet of American Apparel, Inc. as
of September 30, 2015 and the related condensed consolidated
statements of operations, comprehensive income (loss) and cash
flows for each of the quarterly periods then ended, which will be
included within and made part of American Apparel, Inc.'s Form
10-Q.

The "Year-End Audit Work" refer to the audit of the consolidated
balance sheet of American Apparel, Inc. as of December 31, 2015 and
the related consolidated statements of operations, comprehensive
loss, stockholders' deficit and cash flows for the year then
ended.

In the event that the Debtors believe there is cause for
Marcum to exceed the caps, the Debtors may file a notice seeking to
exceed the caps, to which parties shall have 15 days to object.

Marcum's hourly rates are:

     Partners                    $540-$680 average rate per hour
     Directors, Senior Managers  $305-$535 average rate per hour
      and Managers
     Supervisors                 $225-$295 average rate per hour
     Seniors & Staff             $160-$225 average rate per hour

The Debtors are authorized to pay Marcum a $100,000 retainer for
the Year-End Audit Work and a $55,000 retainer for the Third
Quarter Review Work.

During the period the Debtors are in bankruptcy, Marcum will not
charge the Debtors an administrative fee of 3% of Marcum's
professional fees as an allocation of overhead expenses that are
not billed as direct reimbursable expenses.

James Aspromonti, a partner at Marcum LLP, assured the Court that
his firm is a "disinterested person" as defined by Sec. 101(14) of
the Bankruptcy Code.

The Firm can be reached at:

          MARCUM LLP
          James Aspromonti, CPA
          10 Melville Park Road
          Melville‚ NY 11747
          Tel No.: (631) 414-4220
          E-mail: james.aspromonti@marcumllp.com

                      About American Apparel

American Apparel, Inc., American Apparel (USA), LLC,  American
Apparel Retail, Inc., American Apparel Dyeing & Finishing, Inc.,
KCL Knitting, LLC and Fresh Air Freight, Inc. sought Chapter 11
bankruptcy protection (Bankr. D. Del. Proposed Lead Case No.
15-12055) on Oct. 5, 2015.  The petition was signed by Hassan
Natha as chief financial officer.

The Debtors reported total assets of $199,360,934 and total
liabilities of $397,576,744.

The Debtors and their non-debtor affiliates operate a vertically
integrated manufacturing, distribution, and retail business
focused on branded fashion-basic apparel, employing approximately
8,500 employees across six manufacturing facilities and
approximately 230 retail stores in the United States and 17 other
countries worldwide.

The Debtors have engaged Jones Day as restructuring counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, Moelis &
Company as investment banker, FTI Consulting, Inc. as financial
advisor, DJM Real Estate as real estate consultant and Garden City
Group, LLC as claims and noticing agent.

                          *     *     *

The Debtors filed a proposed Joint Plan of Reorganization that
contemplates converting more than $200 million of senior notes into
equity interests of the reorganized American Apparel.

On Nov. 20, 2015, the Court approved the Disclosure Statement and
set a Jan. 7, 2016 voting deadline and a Jan. 20 plan confirmation
hearing.

On Jan. 10, the Debtors received a letter from former CEO Dov
Charney disclosing a proposed $300 million alternative transaction
that will be funded by Hagan Capital Group and Silver Creek
Capital Partners but American Apparel rejected the proposal.

On Jan. 25, 2016, the Court held a telephonic hearing, granting
confirmation of the Debtors' First Amended Plan, provided certain
revisions were made to the First Amended Plan and the proposed
confirmation order.


AMERICAN APPAREL: Tapped Moss Adams as Accountants
--------------------------------------------------
American Apparel, Inc., et al., sought and obtained Bankruptcy
Court authority to employ Moss Adams LLP as accountants, nunc pro
tunc to the Petition Date.

Services to be provided by Moss Adams to the Debtors include:

  a. Preliminary calculation of the basis under IRC 961 for the
     wholly owned foreign subsidiaries for purposes of estimating
     tax basis used in the net unrealized built-in-gain or loss
     computation;

  b. Computing federal taxable income for the next four years,
     (including for tax years 2015-2018);

  c. Analysis of the Debtors' balance sheet to estimate if there
     is a net unrealized built in gain or net uiuealized built in
     loss based on information, including valuations, provided by
     the Debtors. The analysis will include updating the tax
     basis balance sheet of the affiliates of the US consolidated
     tax group;

  d. Determination whether 26 U.S.C. Sec. 382(1)(5) will be
     available to the Debtors. The analysis will involve
     determining the relevant share ownership interest of the
     historical creditors and when they become creditors;

  e. Determination whether 26 U.S.C. Sec. 382(1)(5) is the
     projection of net operating losses under the scenario where
     Sec. 382(1)(5) applies versus where Sec. 382(1)(6) applies,
     based on information, including valuations, provided
     by the Debtors;

  f. Preliminary calculations to determine the reduction of tax
     attributes from the discharge of indebtedness of each US
     subsidiary. The calculation will require the computation of
     the stock basis of each US subsidiary;

  g. Prepare calculations regarding the U.S. income tax
     implications of select alternative restructuring plans
     identified by the Debtors and their other advisors; and

  h. Providing the Debtors and their other advisors information
     based on Moss Adams' knowledge of the Debtors from tax
     return preparation done in prior years.

Moss Adams' hourly rates for its services are:

        Partner           $575
        Director          $510
        Senior Manager    $450
        Manager           $350
        Senior            $225
        Staff             $190

The Firm will also be seeking reimbursement of its actual and
necessary costs associated with the engagement.

Moss Adams has provided prepetition services to the Debtors.
During the 90-day period prior to the filing of the Debtors' cases,
Moss Adams received $153,260 from the Debtors for professional
fees, charges and disbursements incurred prior to the Petition
Date. Furthermore, prior to the Petition Date, Moss Adams received
prepetition advance payments from the Debtors in the amount of
$43,500, which were applied in full to prepetition billings.  As of
the Petition Date, the Debtors owe Moss Adams approximately
$131,664.40. Moss Adams has waived its prepetition claim.

Bill Sturges, a partner at Moss Adams, assured the Court that his
firm is a "disinterested person" as defined by Sec. 101(14) of the
Bankruptcy Code.

The Firm can be reached at:

          MOSS ADAMS LLP
          Bill Sturges, partner
          Tel No: (310) 481-1218
          E-mail: bill.sturges@mossadams.com

                      About American Apparel

American Apparel, Inc., American Apparel (USA), LLC,  American
Apparel Retail, Inc., American Apparel Dyeing & Finishing, Inc.,
KCL Knitting, LLC and Fresh Air Freight, Inc. sought Chapter 11
bankruptcy protection (Bankr. D. Del. Proposed Lead Case No.
15-12055) on Oct. 5, 2015.  The petition was signed by Hassan
Natha as chief financial officer.

The Debtors reported total assets of $199,360,934 and total
liabilities of $397,576,744.

The Debtors and their non-debtor affiliates operate a vertically
integrated manufacturing, distribution, and retail business
focused on branded fashion-basic apparel, employing approximately
8,500 employees across six manufacturing facilities and
approximately 230 retail stores in the United States and 17 other
countries worldwide.

The Debtors have engaged Jones Day as restructuring counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, Moelis &
Company as investment banker, FTI Consulting, Inc. as financial
advisor, DJM Real Estate as real estate consultant and Garden City
Group, LLC as claims and noticing agent.

                          *     *     *

The Debtors filed a proposed Joint Plan of Reorganization that
contemplates converting more than $200 million of senior notes into
equity interests of the reorganized American Apparel.

On Nov. 20, 2015, the Court approved the Disclosure Statement and
set a Jan. 7, 2016 voting deadline and a Jan. 20 plan confirmation
hearing.

On Jan. 10, the Debtors received a letter from former CEO Dov
Charney disclosing a proposed $300 million alternative transaction
that will be funded by Hagan Capital Group and Silver Creek
Capital Partners but American Apparel rejected the proposal.

On Jan. 25, 2016, the Court held a telephonic hearing, granting
confirmation of the Debtors' First Amended Plan, provided certain
revisions were made to the First Amended Plan and the proposed
confirmation order.


AMERICAN AXLE: BlackRock Reports 8.3% Stake as of Dec. 31
---------------------------------------------------------
BlackRock, Inc., disclosed in an amended Schedule 13G filed with
the Securities and Exchange Commission that as of Dec. 31, 2015,
it beneficially owns 6,318,118 shares of common stock of American
Axle & Manufacturing Holdings Inc. representing 8.3 percent of the
shares outstanding.  A copy of the regulatory filing is available
for free at http://is.gd/OVW0En

                       About American Axle

Headquartered in Detroit, Michigan, American Axle & Manufacturing
Holdings Inc. (NYSE: AXL) -- http://www.aam.com/-- manufactures,
engineers, designs and validates driveline and drivetrain systems
and related components and chassis modules for light trucks, sport
utility vehicles, passenger cars, crossover vehicles and
commercial vehicles.

As of Sept. 30, 2015, the Company had $3.39 billion in total
assets, $3.17 billion in total liabilities, and $227 million in
total stockholders' equity.

                           *     *     *

In September 2012, Moody's Investors Service affirmed the 'B1'
Corporate Family Rating (CFR) and Probability of Default Rating
(PDR) of American Axle.

American Axle carries a 'BB-' corporate credit rating from
Standard & Poor's Ratings Services.  "The 'BB-' corporate credit
rating on American Axle reflects the company's 'weak' business
risk profile and 'aggressive' financial risk profile, which
incorporate substantial exposure to the highly cyclical light-
vehicle market," S&P said, as reported by the TCR on Sept. 6,
2012.

As reported by the TCR on Sept. 1, 2014, Fitch Ratings had
upgraded the Issuer Default Ratings (IDRs) of American Axle &
Manufacturing Holdings, Inc. (AXL) and its American Axle &
Manufacturing, Inc. (AAM) subsidiary to 'BB-' from 'B+'.  The
upgrade of the IDRs for AXL and AAM is supported by the
fundamental improvement in the drivetrain and driveline supplier's
credit profile over the past several years.


AMERICAN POWER: Extends Iowa Bank Credit Maturity to April 15
-------------------------------------------------------------
American Power Group, Inc., a wholly owned subsidiary of American
Power Group Corporation, and Iowa State Bank, entered into a Change
of Terms Agreement, pursuant to which the maturity of APG's
$500,000 Revolving Line of Credit was extended from Jan. 15, 2016,
to April 15, 2016.

                    About American Power Group

American Power Group's alternative energy subsidiary, American
Power Group, Inc., provides a cost-effective patented Turbocharged
Natural Gas conversion technology for vehicular, stationary and
off-road mobile diesel engines.  American Power Group's dual fuel
technology is a unique non-invasive energy enhancement system that
converts existing diesel engines into more efficient and
environmentally friendly engines that have the flexibility to run
on: (1) diesel fuel and liquefied natural gas; (2) diesel fuel and
compressed natural gas; (3) diesel fuel and pipeline or well-head
gas; and (4) diesel fuel and bio-methane, with the flexibility to
return to 100 percent diesel fuel operation at any time.  The
proprietary technology seamlessly displaces up to 80% of the
normal diesel fuel consumption with the average displacement
ranging from 40 percent to 65 percent.  The energized fuel balance
is maintained with a proprietary read-only electronic controller
system ensuring the engines operate at original equipment
manufacturers' specified temperatures and pressures.  Installation
on a wide variety of engine models and end-market applications
require no engine modifications unlike the more expensive invasive
fuel-injected systems in the market.  Additional information at
http://www.americanpowergroupinc.com/  

For the 12 months ended Sept. 30, 2015, the Company reported a net
loss available to common shareholders of $1.04 million on $2.95
million of net sales compared to a net loss available to common
shareholders of $920,000 on $6.28 million of net sales for the 12
months ended Sept. 30, 2014.

As of Sept. 30, 2015, the Company had $11.1 million in total
assets, $11.3 million in total liabilities, and a $226,000
stockholders' deficit.


ANACOR PHARMACEUTICALS: Eagle Asset Has 2.2% Stake as of Dec. 31
----------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Eagle Asset Management, Inc. disclosed that as of
Dec. 31, 2015, it beneficially owns 970,696 shares of common stock
of Anacor Pharmaceuticals, Inc., representing 2.2 percent of the
shares outstanding.  A copy of the regulatory filing is available
for free at http://is.gd/hyKR0X

                  About Anacor Pharmaceuticals

Palo Alto, Calif.-based Anacor Pharmaceuticals (NASDAQ: ANAC) is a
biopharmaceutical company focused on discovering, developing and
commercializing novel small-molecule therapeutics derived from its
boron chemistry platform.  Anacor has discovered eight compounds
that are currently in development.  Its two lead product
candidates are topically administered dermatologic compounds -
tavaborole, an antifungal for the treatment of onychomycosis, and
AN2728, an anti-inflammatory PDE-4 inhibitor for the treatment of
atopic dermatitis and psoriasis.

Anacor reported a net loss of $87.1 million on $20.7 million of
total revenues for the year ended Dec. 31, 2014, compared with net
income of $84.8 million on $17.2 million of total revenues for the
year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $188 million in total
assets, $128 million in total liabilities, $4.95 million in
redeemable common stock and $55.8 million in total stockholders'
equity.


BEAZER HOMES: BlackRock Holds 8.6% Equity Stake as of Dec. 31
-------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, BlackRock, Inc. disclosed that as of Dec. 31, 2015, it
beneficially owns 2,859,869 shares of common stock of Beazer Homes
USA Inc. representing 8.6 percent of the shares outstanding.  A
copy of the regulatory filing is available for free at:

                      http://is.gd/OJuRqx

                       About Beazer Homes

Beazer Homes USA, Inc. (NYSE: BZH) -- http://www.beazer.com/--
headquartered in Atlanta, is one of the country's 10 largest
single-family homebuilders with continuing operations in Arizona,
California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada,
New Jersey, New Mexico, North Carolina, Pennsylvania, South
Carolina, Tennessee, Texas, and Virginia.  Beazer Homes is listed
on the New York Stock Exchange under the ticker symbol "BZH."

As of Sept. 30, 2015, Beazer Homes had $2.42 billion in total
assets, $1.79 billion in total liabilities and $630.42 million in
total stockholders' equity.

                           *     *     *

Beazer carries a 'B-' issuer credit rating, with "negative"
outlook, from Standard & Poor's.

In June 2015, Moody's Investors Service upgraded Beazer Homes USA,
Inc.'s Corporate Family Rating to B3 from Caa1 and its Probability
of Default Rating to B3-PD from Caa1-PD.

As reported by the TCR on Sept. 4, 2015, Fitch Ratings had affirmed
the ratings of Beazer Homes USA, Inc. (NYSE: BZH), including the
company's Issuer Default Rating (IDR), at 'B-'.  Beazer's 'B-' IDR
reflects the company's execution of its business model in the
current moderately recovering housing environment, land policies,
and geographic diversity.


BERRY PLASTICS: BlackRock Reports 5.9% Stake as of Dec. 31
----------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, BlackRock, Inc. disclosed that as of Dec. 31, 2015, it
beneficially owns 7,128,582 shares of common stock of Berry
Plastics Group Inc. representing 5.9 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/ui0hG5

                      About Berry Plastics

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

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

                           *     *     *

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

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

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


BOOMERANG SYSTEMS: DIP Loan Amended Amid Move to Liquidate
----------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware approved debtors Boomerang Systems, Inc., et. al.'s
First Amendment to their Debtor-In-Possession Loan Agreement with
Game Over Technology Investors, LLC, and amended the Court's Order
authorizing the Debtors to obtain postpetition financing.

The Debtors and Game Over had previously entered into a DIP Credit
Agreement for the purpose of making available to the Debtors a term
loan credit facility in order to fund the Debtors reorganization
under Chapter 11 of the Bankruptcy Code.  Since the entry of the
Court's Final DIP Order, the Debtors have revised their strategy
from reorganization to liquidation under Chapter 11.

In light of the Debtors' revised strategy, the Debtors and Game
Over modified certain terms and conditions of their Credit
Agreement, including, among other things, to provide for:

   (a) a reduction in the overall Commitment under the Credit
Agreement form $3 million to $1.75 million plus the amount of Game
Over's professional fees, and

   (b) revisions to the conditions that must be satisfied by the
Debtors before making a Borrowing Request.

The Debtors said they are unable to obtain sufficient financing on
more favorable terms from sources other than the DIP Lenders under
the DIP Loan Documents, as amended by the First Amendment.  The
Debtors are unable to obtain adequate unsecured credit allowable
under section 502(b)(1) of the Bankruptcy Code as an administrative
expense.  The Debtors are also unable to obtain secured credit
allowable under Sections 364(c)(1), 364(c)(2) and 364(c)(3) of the
Bankruptcy Code without the Debtors granting the DIP Lenders the
liens and protections afforded to them under the Final DIP Order,
as amended by the First DIP Amended Order.  The Debtors require the
additional financing provided under the First Amendment pursuant to
the terms therein and under the First DIP Amendment Order to
provide for the orderly liquidation of the Debtors' assets.

Judge Walrath amended the Court's Final DIP Order to reflect the
new Investigation Termination Date, which was extended through and
including the earlier of (i) entry of a final, and non-appealable
Order Confirming a Plan of Liquidation in the cases; or (ii) March
31, 2016, without need for a further Order from the Court.

Judge Walrath granted the Debtors' Motion seeking approval of the
First Amendment to the DIP Loan Agreement despite the objection
made by Brickellhouse Condominium Association, Inc. to the Motion.

A full-text copy of the First Amendment dated Dec. 28, 2015 is
available at http://is.gd/A7WrNZ

BrickellHouse Condominium Association is represented by:

          Linda Richenderfer, Esq.
          KLEHR HARRISON HARVEY BRANZBURG LLP
          919 Market Street, Suite 1000
          Wilmington, DE 19801
          Telephone: (302)426-1189
          Facsimile: (302)426-9193
          E-mail: lrichenderfer@klehr.com

                     About Boomerang Systems

Headquartered in Morristown, New Jersey, Boomerang Systems, Inc.
(Pink Sheets: BMER) through its wholly owned subsidiary, Boomerang
Utah, is engaged in the design, development, and marketing of
automated racking and retrieval systems for automobile parking and
automated racking and retrieval of containerized self-storage
units.

Boomerang Systems, Inc., and three affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 15-11729) on Aug. 18,
2015.

The Company has engaged the law firms Togut, Segal & Segal LLP as
general bankruptcy counsel, Ciardi, Ciardi & Astin as local
bankruptcy counsel, and Garden City Group, LLC, as claims and
noticing agent.  In addition, the Company has retained the law
firm
Berg & Androphy, which filed a lawsuit on Aug. 18, 2015 in the
Southern District of New York against the Company's defaulting
lender.

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


BOOMERANG SYSTEMS: Files Ch. 11 Plan of Liquidation
---------------------------------------------------
Boomerang Systems, Inc., et al., and the Official Committee of
Unsecured Creditors filed with the U.S. Bankruptcy Court for the
District of Delaware a joint combined disclosure statement and
Chapter 11 plan of liquidation.

The Plan proposes the following classification and treatment of
claims:

  Class                                    Treatment
  -----                                    ---------
  1 - Other Priority Claims      Unimpaired. Est. Allowed Amount:
                                 $71,122.96-$209,210.75.  Est.
                                 Percentage Recovery: 100%

  2 - Other Secured Claims       Unimpaired.  Est. Allowed Amount:
                                 $0.  Est. Percentage Recovery:
                                 100%

  3 - LSA Claims                 Impaired.  Est. Allowed Amount:
                                 $11,889,717.  Est. Percentage
                                 Recovery: 1-10%

  4 - General Unsecured Claims   Impaired.  Est. Allowed Amount:
                                 $5,604,626.01.  Est. Percentage
                                 Recovery: 1-10%

  5 - Customer Claims            Impaired.  Est. Allowed Amount
                                 $17,185,135.57.  Est. Percentage
                                 Recovery: 1-10%

  6 - Equity Interests in        Impaired.  Est. Allowed Amount:
      Boomerang Systems, Inc.    N/A.  Est. Percentage Recovery:
                                 0.0%

  7 - Intercompany Claims        Impaired.  Est. Allowed Amount:
                                 $33,571,389.51.  Est. Percentage
                                 Recovery: 0.0%

This Plan is premised upon, and incorporates, (i) the PrePetition
Lender/Committee Settlement, a proposed settlement by and between
the Committee and the LSA Lenders, and (ii) the sale of
substantially all the Debtors' Sale Assets.  The fundamental terms
of the PrePepetition Lender Settlement provides for the allocation
of proceeds received from the Sale process and from the Liquidating
Trustee's administration of certain litigation assets.
This allocation is intended to ensure that unsecured creditors will
benefit from the efforts of the Committee and the Liquidating
Trustee in administering and liquidating the Debtors' assets and
litigation rights.

The Debtors and the Committee propose the following confirmation
schedule:

   Record Date                         - January 27, 2016

   Solicitation Procedures
   Objections Deadline                 - January 27, 2016

   Hearing to Approve
   Solicitation Procedures             - January 28, 2016

   Solicitation Completion Date        - February 3, 2016

   Deadline to File Rule 3018
   Motions                             - February 15, 2016

   Deadline to Object to Rule 3018
   Motions                             - February 23, 2016

   Deadline to Object to Confirmation
   and Approval of Adequacy of
   Disclosure                          - March 2, 2016

   Voting Deadline                     - March 2, 2016

   Voting Declaration                  - March 7, 2016

   Combined Hearing                    - March 9, 2016

A full-text copy of the Plan is available at
http://bankrupt.com/misc/BSIds0120.pdf

The Debtors are represented by Garvan F. McDaniel, Esq., at Hogan
McDaniel, in Wilmington, Delaware; and Jeffrey R. Gleit, Esq., at
Sullivan & Worcester LLP, in New York.

The Committee is represented by:

         Anthony M. Saccullo, Esq.
         Thomas H. Kovach, Esq.
         A. M. SACCULLO LEGAL, LLC
         27 Crimson King Drive
         Bear, DE 19701
         Tel: (302) 836-8877
         Fax: (302) 836-8787
         E-mail: ams@saccullolegal.com
                 Kovach@saccullolegal.com

                      About Boomerang Systems

Headquartered in Morristown, New Jersey, Boomerang Systems, Inc.
(Pink Sheets: BMER) through its wholly owned subsidiary, Boomerang
Utah, is engaged in the design, development, and marketing of
automated racking and retrieval systems for automobile parking and
automated racking and retrieval of containerized self-storage
units.

Boomerang Systems, Inc., and three affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 15-11729) on Aug. 18,
2015.

The Company has engaged the law firms Togut, Segal & Segal LLP as
general bankruptcy counsel, Ciardi, Ciardi & Astin as local
bankruptcy counsel, and Garden City Group, LLC, as claims and
noticing agent.  In addition, the Company has retained the law firm
Berg & Androphy, which filed a lawsuit on Aug. 18, 2015 in the
Southern District of New York against the Company's defaulting
lender.

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


BOOMERANG SYSTEMS: Proposes Game Over-Led Auction on March 23
-------------------------------------------------------------
Boomerang Systems, Inc., et al., and their Official Committee of
Unsecured Creditors ask the U.S. Bankruptcy Court for the District
of Delaware to approve bidding procedures for the sale of
substantially all of the Debtors' assets.

The Debtors propose to pursue a sale process based on this
timeline:

     (a) Bid Deadline: March 21, 2016 at 4:00 p.m.

     (b) Auction Date: March 23, 2016 at 10:00 a.m.

     (c) Sale Hearing: March 25, 2016 at 10:30 a.m.

The Debtors contend that they are negotiating the terms on Asset
Purchase Agreement with the Purchaser, Game Over Technologies, Inc.
that will be filed as soon as the terms are agreed-upon by all
parties.  They further contend that in the event that an Asset
Purchase Agreement cannot be finalized, they reserve the right to
move forward with the sale process without a stalking horse bid. In
the event that an Asset Purchase Agreement is finalized, they will
provide the Court and all parties in interest with the disclosures
required by Local Rule 6004-1(b)(iv).

Boomerang Systems is represented by:

          Garvan F. McDaniel, Esq.
          HOGAN MCDANIEL
          1311 Delaware Avenue
          Wilmington, DE 19806
          Telephone: (302)656-7540
          Facsimile: (302)656-7599

                - and -

          Jeffrey R. Gleit, Esq.
          SULLIVAN & WORCESTER LLP
          1633 Broadway
          New York, NY 10019
          Telephone: (212)660-3043
          Facsimile: (212)660-3001
          E-mail: jgleit@sandw.com

The Official Committee of Unsecured Creditors is represented by:

          Anthony M. Saccullo, Esq.
          Thomas H. Kovach, Esq.
          A.M. SACCULLO LEGAL, LLC
          27 Crimson King Drive
          Bear, DE 19701
          Telephone: (302)836-8877
          Facsimile: (302)836-8787
          E-mail: ams@saccullolegal.com
                  Kovach@saccullolegal.com

                     About Boomerang Systems

Headquartered in Morristown, New Jersey, Boomerang Systems, Inc.
(Pink Sheets: BMER) through its wholly owned subsidiary, Boomerang
Utah, is engaged in the design, development, and marketing of
automated racking and retrieval systems for automobile parking and
automated racking and retrieval of containerized self-storage
units.

Boomerang Systems, Inc., and three affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 15-11729) on Aug. 18,
2015.

The Company has engaged the law firms Togut, Segal & Segal LLP as
general bankruptcy counsel, Ciardi, Ciardi & Astin as local
bankruptcy counsel, and Garden City Group, LLC, as claims and
noticing agent.  In addition, the Company has retained the law
firm
Berg & Androphy, which filed a lawsuit on Aug. 18, 2015 in the
Southern District of New York against the Company's defaulting
lender.

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


BOWIE RESOURCE: S&P Affirms 'B' CCR & Rates $650MM Loan 'BB-'
-------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit rating on Louisville-based Bowie Resource Partners LLC.  The
outlook is stable.  At the same time, S&P assigned its 'BB-'
issue-level rating and '1' recovery rating to Western Megawatt's
proposed $650 million first-lien term loan maturing in 2019.  The
'1' recovery rating reflects S&P's expectation of very high
(90%-100%) recovery in the event of a default.

"The stable outlook reflects our view that Bowie's leverage is
likely to remain below 5x over the next 12 months and liquidity is
likely to remain adequate," said Standard & Poor's credit analyst
Vania Dimova.  "This is based on the company's significant price
and volume commitments for the next five years, which provides
earnings stability despite exposure to depressed thermal coal
prices in the U.S."

S&P could lower the rating if thermal coal markets were to
materially weaken in the Western Bituminous region, or if the
company experienced a prolonged operational disruption at its Sufco
mine.  S&P could also lower the rating if there are integration
disruptions stemming from the acquired mines, resulting in credit
measures deteriorating such that leverage is sustained above 5x.
Finally, S&P would consider a downgrade if liquidity falls to a
level it views to be less than adequate.

S&P considers an upgrade at this time to be unlikely given the
company's concentration in a single basin and its financial sponsor
ownership.



BROADVIEW NETWORKS: BlackRock Holds 8.8% Stake as of Dec. 31
------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, BlackRock, Inc. disclosed that as of Dec. 31, 2015, it
beneficially owns 883,150 shares of common stock of Broadview
Networks Holdings Inc. representing 8.8 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/5n61d3

                      About Broadview Networks

Rye Brook, N.Y.-based Broadview Networks Holdings, Inc., is a
communications and IT solutions provider to small and medium sized
business ("SMB") and large business, or enterprise, customers
nationwide, with a historical focus on markets across 10 states
throughout the Northeast and Mid-Atlantic United States, including
the major metropolitan markets of New York, Boston, Philadelphia,
Baltimore and Washington, D.C.

Broadview Networks reported a net loss of $9.22 million in 2014, a
net loss of $8.48 million in 2013 and a net loss of $35.3 million
in 2012.

As of Sept. 30, 2015, the Company had $205 million in total assets,
$213 million in total liabilities, and a stockholders' deficiency
of $8.93 million.

                           *     *     *

In the July 23, 2012, edition of the Troubled Company Reporter,
Moody's Investors Service downgraded Broadview Networks Holdings,
Inc. Corporate Family Rating (CFR) to 'Caa3' from 'Caa2' and the
Probability of Default Rating (PDR) to 'Ca' from 'Caa3' in
response to the company's announcement that it has entered into a
restructuring support agreement with holders of roughly 70% of its
preferred stock and roughly 66-2/3% of its Senior Secured Notes.
The company is expected to file a pre-packaged Chapter 11 Plan of
Reorganization or complete an out of court exchange offer.

As reported by the TCR on July 25, 2012, Standard & Poor's Ratings
Services lowered its corporate credit rating on Broadview to 'D'
from 'CC'.  "This action follows the company's announced extension
on its revolving credit facility.  We expect to lower the issue-
level rating on the notes to 'D' once the company files for
bankruptcy, or if it misses the Sept. 1, 2012 maturity payment on
the notes," S&P said.


BUILDERS FIRSTSOURCE: Stadium Capital, et al., Report 6.4% Stake
----------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Stadium Capital Management, LLC, Stadium Capital
Management GP, L.P., Alexander M. Seaver, et al., disclosed that as
of Jan. 13, 2016, they beneficially own 6,965,874 shares of common
stock of Builders FirstSource, Inc. representing 6.4 percent of the
shares outstanding.  A copy of the regulatory filing is available
for free at http://is.gd/Y1u3NN

                    About Builders FirstSource

Headquartered in Dallas, Texas, Builders FirstSource --
http://www.bldr.com/-- is a supplier and manufacturer of
structural and related building products for residential new
construction.  The Company operates 56 distribution centers and 56
manufacturing facilities in nine states, principally in the
southern and eastern United States.  Manufacturing facilities
include plants that manufacture roof and floor trusses, wall
panels, stairs, aluminum and vinyl windows, custom millwork and
pre-hung doors.  Builders FirstSource also distributes windows,
interior and exterior doors, dimensional lumber and lumber sheet
goods, millwork and other building products.

Builders Firstsource reported net income of $18.2 million on $1.60
billion of sales for the year ended Dec. 31, 2014, compared to a
net loss of $42.7 million on $1.48 billion of sales in 2013.

As of Sept. 30, 2015, the Company had $3.03 billion in total
assets, $2.88 billion in total liabilities and $156 million in
total stockholders' equity.

                           *     *     *

As reported by the TCR on July 15, 2015, Standard & Poor's Ratings
Services said it raised its corporate credit rating on Builders
FirstSource Inc. to 'B+' from 'B'.  

"The stable outlook reflects our view that Builders FirstSource
will continue to increase sales and EBITDA as U.S. residential
construction continues to recover from an historic downturn and the
company realizes significant synergies from the merger.  As a
result, we expect some improvement in the company's leverage
measures over the next 12 to 24 months while it maintains adequate
liquidity," said Standard & Poor's credit analyst Pablo Garces.

In the May 13, 2014, edition of the TCR, Moody's Investors Service
upgraded Builders FirstSource's Corporate Family Rating to 'B3'
from 'Caa1'.  The upgrade reflects Moody's expectation that BLDR's
operating performance will continue to benefit from improved
housing construction, repair and remodeling.


BUNKERS INT'L: Taps Cavus & Coskunsu as Collections Counsel
-----------------------------------------------------------
Bunkers International Corp., and its debtor-affiliates seek
authorization from the U.S. Bankruptcy Court for the Middle
District of Florida to employ Burak Gokce Cavus and the law firm
Cavus & Coskunsu as special litigation and collections counsel for
certain overseas matters, nunc pro tunc to October 16, 2015.

Cavus & Coskunsu will assist in the Debtor's collection of claims
that originated overseas, primarily in Turkey.

Cavus & Coskunsu will be entitled to a contingent fee of 20% of the
collected amount by the Debtor in question or 20% of the original
receivable amount in question.

Burak Gokce Cavus, partner of Cavus & Coskunsu, 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.

Cavus & Coskunsu can be reached at:

      Burak Gokce Cavus, Esq.
      CAVUS & COSKUNSU LAW FIRM
      Inebolu Cad. No. 41 Kabatas Setustu
      Istanbul, Turkey
      Tel: (212) 245-5602
      Fax: (212) 245-5604

                   About Bunkers International

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

Bunkers International Corp. and three affiliates sought Chapter 11
bankruptcy protection (Bankr. M.D. Fla. Proposed Lead Case No.
15-07397) on Aug. 28, 2015.  The petition was signed by John T.
Canal as president/CEO.  The Debtors estimated assets of $10
million to $50 million and liabilities of at least $10 million.
Latham, Shuker, Eden & Beaudine, LLP represents the Debtors as
counsel.


CARDIAC SCIENCE: $900,000 Carve-Out Challenged by U.S. Trustee
--------------------------------------------------------------
Patrick S. Layng, the United States Trustee for the Western
District of Wisconsin, in December 2015 filed a motion asking the
U.S. Bankruptcy Court for the Western District of Wisconsin for
reconsideration of the final order authorizing Cardiac Science
Corporation to access postpetition financing absent compliance with
Rule 9019 of the Federal Rules of Bankruptcy Procedure.

Mr. Layng said he wants the Debtor to comply with Federal Rule of
Bankruptcy Procedure 9019 with respect to the settlement provisions
of the financing order in which the statutory creditors committee
has relinquished the right to challenge the validity and perfection
of the Secured Lender's prepetition claims in exchange for a
$900,000 "carve-out"  Notice of this Settlement was insufficient.
Rule 9019(a) provides that the Court may approve a settlement after
notice is given as provided in Rule 2002.

The United States Trustee does not contest the amounts nor the
terms of the post-petition financing order, and does not intend
this objection to disrupt the debtor's operations or its duties as
a debtor-in-possession," according to the U.S. Trustee.

The DIP Loan conditioned new financing upon provisions releasing
the Secured Lender from liability.  At the time of the final DIP
financing hearing, the Committee and the Secured Lender announced
an agreement resolving any potential objections that the Committee
had to the DIP Loan.  As part of that agreement, the Secured Lender
agreed to an additional carve-out of its collateral in the amount
of $900,000 to be used, first, to pay the unpaid claims of the
Committee's professionals, and then, to fund distributions to
unsecured creditors and/or to fund a post-confirmation litigation
trust designed to pursue retained avoidance actions for the benefit
of general unsecured creditors.  The parties expressly conditioned
the Settlement upon the Committee forgoing any lien challenge or
other litigation against the Secured Lender by Dec. 8, 2015 -- the
day that the Secured Lender will receive full releases from the
Committee.  The parties' agreement also did not result in any
changes to the Challenge Budget of $20,000 that appeared in the
Interim DIP Order.

"There is no evidence on record that the Settlement was based on
proper factors, that it is reasonable, and in the best interests of
the estate. At a minimum there must be some transparency and
disclosure of all relevant facts necessary to evaluate the
Settlement including what the Committee did, what compromises were
given, and why the Settlement is proper. Parties in interest should
be provided with the relevant information so as to consider the
equities and reasonableness of the Settlement and to be assured
that the priorities of the Bankruptcy Code will be respected," the
U.S. Trustee said.

                           The DIP Loan

The Court approved the DIP Loan on an interim basis on Oct. 23,
2015 and on a final basis on Nov. 25, 2015.

Cardiac Science sought permission from the Bankruptcy Court to
enter into a debtor-in-possession loan agreement with existing
lender CFS 915 LLC providing for post-petition funds in the form of
revolving loans amounting to nearly $10 million.

The Debtor also sought authority to use pre-petition collateral,
including cash collateral, and to provide adequate protection to
HDFC Bank Limited and CFS 915 -- which separately extended credit
to the Debtor under certain Pre-Petition Credit Agreement -- with
respect to any diminution in value of their respective interests in
the Pre-Petition Collateral.

The maximum aggregate amount of the DIP Revolving Loans that may be
outstanding at any time will not exceed $10 million.

The Debtors were scheduled on Jan. 4, 2016, to make a draw from the
DIP Revolving Loans equal to the difference between (a) the lesser
of (i) $10 million and (ii) the amount included in the Approved
Budget through and including such date; and (b) the principal
amount of the DIP Revolving Loans outstanding immediate prior to
the draw.  Solely any excess amounts of the proceeds of such DIP
Revolving Loans in excess of the amount of expenses included in the
Approved Budget ultimately incurred by the Debtor will be purchased
by any purchaser of the Debtor's assets.

The Carve-Out will include unpaid claims of fees of retained
professionals of the Debtors, and up to $50,000 for retained
professionals of the Committee, plus, solely in the event that the
Creditors' Committee does not assert any challenge or other
litigation against the Lender an aggregate amount of $850,000 --
Wind-Down Amount -- to be used, first to pay unpaid claims of
Retained Committee Professionals for fees and expenses incurred on
and after the Petition Date; and, second, to fund distributions to
unsecured creditors and/or a litigation trust or other vehicle
selected by the Creditors' Committee to pursue causes of action
retained by the Debtor's estate after the sale of substantially all
of the Debtor's assets other than claims and defenses released
under the DIP Financing Order.

The Debtor's authorization to use cash collateral will terminate
upon the earliest to occur of any of various events, including: (a)
Jan. 22, 2016; (b) Lender provides notice to the Debtors or its
counsel of any Event of Default; and (c) Lender provides notice to
the Debtor or its counsel of any breach by the Debtor of any terms
or conditions of the Final DIP Financing Order.

The Debtor will comply with these sale covenants: (a) by Nov. 25,
2015, the Debtor will have obtained an order of the Court
establishing bidding procedures and an auction process for the sale
of substantially all of the Debtor's assets; and (b) the Debtor
will provide the Lender with copies of all written expressions of
interest, offers and purchase agreements within 3 days after
receipt thereof by the Debtor.

The obligations under the DIP Loan Agreement will bear interest at
a per annum rate equal to the Base Rate plus 8%.  "Base Rate"
means, for any day, a rate per annum equal to the highest of (a)
1.0% and (b) the rate last quoted by The Wall Street Journal as the
"Prime Rate" in the United States or, if The Wall Street Journal
ceases to quote such rate, the highest per annum interest rate
published by the Federal Reserve Board in Federal Reserve
Statistical Release H.15 (519) (Selected Interest Rates) as the
"bank prime loan" rate or, if such rate is no longer quoted
therein, any similar rate quoted therein (as determined by the
Lender) or any similar release by the Federal Reserve Board (as
determined by the Lender).  If an Event of Default is continuing
under the DIP Loan Agreement, obligations thereunder will be
subject to a default rate of interest equal to the per annum rate
otherwise applicable plus 2% per annum.

As security for all of Cardiac Science's obligations under the DIP
Loan Agreement, the Company will grant CFS 915 a valid and
perfected superpriority security interest in, and lien on, all DIP
Collateral of the Company pursuant to Section 364 the Bankruptcy
Code, with such lien being senior and prior in all respects to any
other lien of any kind, except (1) the Carve-Out and (2) the HDFC
Liens and HDFC Adequate Protection Liens.

As adequate protection, the Debtor will grant HDFC, pursuant to
Sections 361(2), 363(c)(2), and 363(e) of the Bankruptcy Code,
continuing valid, binding, enforceable and perfected, first
priority liens and security interests in and to all of the DIP
Collateral.

As of the Petition Date, the Company owed CFS 915 $87,177,177 and
HDFC $6,264,763.

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

    http://bankrupt.com/misc/Cardiac_S_238_Final_DIP_Order.pdf

                        About Cardiac Science

Headquartered in Waukesha, Wisconsin, Cardiac Science Corporation
develops, manufactures and sells a variety of advanced diagnostic
and therapeutic cardiology devices and systems, including automated
external defibrillators, hospital defibrillators and related
products and consumables.

Cardiac Science filed Chapter 11 bankruptcy petition (Bankr. W.D.
Wisc. Case No. 15-13766) on Oct. 20, 2015.  The petition was signed
by Michael Kang as chief restructuring officer.

The Company currently employs approximately 200 people in two
facilities located in Wisconsin, and another 93 part time
"educators" around the country who educate the Debtor's customers
on how to use its products.  The Debtor has customers in more than
100 countries.

Judge Robert D. Martin presides over the case.

The Company estimated assets in the range of $10 million to $50
million and liabilities of at least $100 million.  Celestica
Electronics (M) SDN BHD is the Debtor's largest unsecured creditor
holding a claim of $2.5 million.  CFS 915 LLC is the largest
creditor of the Debtor, and its $87 million pre-petition loan is
secured by substantially all of the Debtor's assets. CFS has agreed
to provide $10 million in postpetition financing for the Debtor.

The Debtor has engaged Whyte Hirschboeck Dudek S.C. as bankruptcy
counsel, Livingstone Partners LLC as investment banker and Garden
City Group, LLC as notice and claims agent.

In October 2015, the Office of the U.S. Trustee appointed seven
creditors to the official committee of unsecured creditors.  The
committee is represented by Freeborn & Peters LLP.


CARDIAC SCIENCE: Defends $900,000 Carve-Out for Committee
---------------------------------------------------------
Cardiac Science Corporation, as well as its DIP lender and the
creditors committee, said in a court filing that the U.S. Trustee's
motion to reconsider the final order approving the DIP financing
from existing lender CFS 915 LLC, specifically, with respect to the
$900,000 "carve-out" in favor of the official creditors'
committee's professionals and the unsecured creditors, lacks any
basis.

The Debtor pointed out that the U.S. Trustee never objected to
entry of the DIP Order, which provides that the Carve-Out will
include up to $50,000 for retained professionals of the Committee,
plus, solely in the event that the Creditors' Committee does not
assert any challenge or other litigation against the Lender an
aggregate amount of $850,000 (the "Wind-Down Amount") to be used,
first to pay unpaid claims of Retained Committee Professionals for
fees and expenses incurred on and after the Petition Date; and,
second, to fund distributions to unsecured creditors and/or a
litigation trust or other vehicle selected by the Creditors'
Committee to pursue causes of action retained by the Debtor's
estate after the sale of substantially all of the Debtor's assets
other than claims and defenses released under the DIP Financing
Order.

Citing Cincinnati Life Ins. Co., 722 F.3d at 954, the Debtor argues
that a party cannot ask for reconsideration of an order on the
basis of an argument that the party could or should have presented
before the court rendered a judgment.

The U.S. Trustee has asked the parties to seek compliance with
Federal Rule of Bankruptcy Procedure 9019 with respect to the
settlement provisions of the financing order in which the Committee
has relinquished the right to challenge the validity and perfection
of the Secured Lender's prepetition claims in exchange for the
$900,000 "carve-out".

"[T]he U.S. Trustee's demand for a motion and notice under Rule
9019(b) is simply not feasible under the circumstances.  Neither
the Official Committee of Unsecured Creditors (the "Committee") nor
CFS 915 LLC ("CFS 915") has standing to bring a motion pursuant to
Rule 9019.  See In re Smart World Tech., LLC, 423 F.3d 166 (2d Cir.
2005).  Rule 9019 permits only a trustee or the
debtor-in-possession (by operation of 11 U.S.C. Sec. 1107) to bring
such a motion.  The result is sensible in this case because the
"settlement" at issue neither involves property of the estate nor
the settlement of a claim on behalf of the estate.  The
consideration given was a "carve-out" of CFS' collateral, not a
dividend of estate funds," the Debtor responded.

"[I]t is not clear if the Trustee is objecting to the Lien
Challenge Period, which has now run, or any portion of the Final
DIP Order other than the Carve-Out provided to the Official
Committee of Unsecured Creditors.  Regardless, the Reconsideration
Motion should be denied because the Trustee has not carried his
burden and has not met the standard for reconsideration of the
Final DIP Order," CFS 915 LLC, the DIP Lender, said in response to
the UST Motion.

"If the Trustee does not have an issue with the Lien Challenge
Period -- which was negotiated, amended and ultimately entered by
this Court over the objection of certain parties -- then the
Trustee seems only to request that the provision of an $850,000
additional carve-out for the benefit of the Creditors' Committee
professionals and unsecured creditors be removed.  While that would
be fine for CFS, that would not be in the best interests of the
Debtor's estate or other creditors," CFS added.

The Official Committee of Unsecured Creditors is also opposing the
U.S. Trustee's Motion for Reconsideration.

"The Committee believes that its efforts have unquestionably
benefited its constituents.  It appears that the unsecured
creditors may receive a sizable recovery in this Chapter 11 case --
perhaps even payment in full if the auction goes well enough.  The
unwarranted and unsupported attacks from the UST are confusing,
especially because no economic stakeholder has supported the UST's
position.  The UST's Motion has only wasted the estate's resources
to the detriment of all of the creditors. The Motion should be
denied," the Committee said in the filing.

           U.S. Trustee's Omnibus Response to Objections

The Debtor et al. assert that the negotiations and resulting Final
DIP Order are typical of what is customarily done in a Chapter 11
case.  However, the U.S. Trustee points out that unlike the
majority of cases in which the carve-out being negotiated in the
DIP financing is solely for administrative expenses, the carve-out
in this case was entirely different.  "It went much further.  The
Committee's right to pursue the chapter 5 claims and obtain the
carve-out was entirely conditional upon not challenging the liens
of CFS and in CFS maintaining control over an extremely shortened
lien challenge period."

"The Court should grant the motion because the settlement terms
reflect a manifest error of law.  The subsequent disclosures
confirm that the settlement terms violate the Bankruptcy Code (the
"Code") because unsecured creditors stand to receive "locked in"
funds.  Section 507 of the Code governs the distribution of estate
property.  And just as fully encumbered property remains property
of the estate, the same holds true for collateral "carve-outs."  In
this case, the "carve-out" violates section 507 because it directs
estate funds to unsecured creditors without regard to whether
higher priority claims are satisfied.  The Court should therefore
reconsider its prior Order and expressly require compliance with
the Code's priority rules," the U.S. Trustee said.

The Office of the U.S. Trustee can be reached at:

         PATRICK S. LAYNG
         United States Trustee
         Debra L. Schneider
         Attorney for the United States Trustee
         Office of the U.S. Trustee
         780 Regent Street, #304
         Madison, WI 53715
         Tel: (608) 264-5522 ext. 18

Attorneys for the Creditors Committee of Cardiac Science:

         Shelly A. DeRousse, Esq.
         Devon J. Eggert, Esq.
         Elizabeth L. Janczak, Esq.
         FREEBORN & PETERS LLP
         311 South Wacker Drive, Suite 3000
         Chicago, IL 60606-6677
         Telephone: (312) 360-6000
         Facsimile: (312) 360-6520
         E-mail: sderousse@freeborn.com
                 deggert@freeborn.com
                 ejanczak@freeborn.com

Attorneys for CFS 915 LLC:

         Caroline A. Reckler, Esq.
         Matthew D. Lee, Esq.
         FOLEY & LARDNER LLP
         150 East Gilman Street, Suite 5000
         Madison, WI 53703-1482
         Telephone: (608) 257-5035
         Facsimile: (608) 258-4258
         E-mail: MDLee@foley.com

                - and -

         Josef S. Athanas, Esq.
         Caroline A. Reckler, Esq.
         LATHAM & WATKINS LLP
         330 N. Wabash Ave., Suite 2800
         Chicago, IL 60611
         Telephone: (312) 876-7700
         Facsimile: (312) 993-9767
         E-mail: josef.athanas@lw.com
                 caroline.reckler@lw.com

The Debtor's attorneys:

         Daryl L. Diesing, Esq.
         Frank W. DiCastri, Esq.
         Lindsey M. Greenawald, Esq.
         WHYTE HIRSCHBOECK DUDEK, S.C.
         555 E. Wells Street, Suite 1900
         Milwaukee, WI 53202
         Telephone: (414) 273-2100
         Facsimile: (414) 223-5000
         E-mail: ddiesing@whdlaw.com
                 fdicastri@whdlaw.com
                 lgreenawald@whdlaw.com

                - and -

         Daniel J. McGarry, Esq.
         Iana A. Vladimirova, Esq.
         WHYTE HIRSCHBOECK DUDEK, S.C.
         33 E. Main Street, Suite 300
         P.O. Box 1379
         Madison, WI 53701-1379
         Telephone: (608) 255-4440
         Facsimile: (608) 258-7138
         E-mail: dmcgarry@whdlaw.com
                 ivladimirova@whdlaw.com

                        About Cardiac Science

Headquartered in Waukesha, Wisconsin, Cardiac Science Corporation
develops, manufactures and sells a variety of advanced diagnostic
and therapeutic cardiology devices and systems, including automated
external defibrillators, hospital defibrillators and related
products and consumables.

Cardiac Science filed Chapter 11 bankruptcy petition (Bankr. W.D.
Wisc. Case No. 15-13766) on Oct. 20, 2015.  The petition was signed
by Michael Kang as chief restructuring officer.

The Company currently employs approximately 200 people in two
facilities located in Wisconsin, and another 93 part time
"educators" around the country who educate the Debtor's customers
on how to use its products.  The Debtor has customers in more than
100 countries.

Judge Robert D. Martin presides over the case.

The Company estimated assets in the range of $10 million to $50
million and liabilities of at least $100 million.  Celestica
Electronics (M) SDN BHD is the Debtor's largest unsecured creditor
holding a claim of $2.5 million.  CFS 915 LLC is the largest
creditor of the Debtor, and its $87 million pre-petition loan is
secured by substantially all of the Debtor's assets. CFS has agreed
to provide $10 million in postpetition financing for the Debtor.

The Debtor has engaged Whyte Hirschboeck Dudek S.C. as bankruptcy
counsel, Livingstone Partners LLC as investment banker and Garden
City Group, LLC as notice and claims agent.

In October 2015, the Office of the U.S. Trustee appointed seven
creditors to the official committee of unsecured creditors.  The
committee is represented by Freeborn & Peters LLP.


CAREFREE WILLOWS: Court Approves Dentons US as Trustee's Counsel
----------------------------------------------------------------
Samuel R. Maizel, the Chapter 11 trustee of Carefree Willows, LLC
sought and obtained permission from the Hon. Gary S. Spraker of the
U.S. Bankruptcy Court for the District of Nevada to employ Dentons
US LLP as bankruptcy counsel, nunc pro tunc to October 22, 2015.

The Trustee requires Dentons US to:

   (a) advise the Trustee with regard to the requirements of the
       Bankruptcy Court, Bankruptcy Code, Bankruptcy Rules and the

       Office of the U.S. Trustee;

   (b) advise the Trustee with regard to certain rights and
       remedies of the bankruptcy estate and rights, claims and
       interests of creditors;

   (c) represent the Trustee in any proceeding or hearing in the
       Bankruptcy Court involving the estate unless the Trustee
       represented in such proceeding or hearing by other special
       counsel;

   (d) if the Trustee requires assistance or representation,
       advise and represent the Trustee: on taking control of the  

       Debtor's bank accounts; identifying, securing and
       ascertaining the value of assets of the estate, and
       maintaining adequate insurance coverage for those assets;
       and implementing internal controls over the Debtor's bank
       accounts; identifying, securing and ascertaining the value
       of assets of the estate, and maintaining adequate insurance

       coverage for those assets; and, implementing internal
       controls over the Debtor to safeguard assets;

   (e) conduct examinations of witnesses, claimants or adverse
       parties and representing the Trustee in any adversary
       proceeding;

   (f) prepare and assist the Trustee in the preparation of
       reports, applications, pleadings, orders and documents
       including, but not limited to, applications to employ
       professionals, interim statements and operating reports,
       financial reports and pleadings with respect to the
       Trustee's use, sale or lease of property, as appropriate;

   (g) assist the Trustee in the negotiation, formulation,
       preparation and confirmation of a plan of reorganization
       and the preparation and approval of a disclosure statement
       in connection with the plan of reorganization; or, in the
       alternative, assist the Trustee in the negotiation,
       formulation, preparation and approval for the sale of
       assets; and

   (h) perform any other services which may be required in regard
       to Dentons US representation of the Trustee during the
       bankruptcy case.

Dentons US will be paid at these hourly rates:

       Michael A. Isaacs, partner       $560
       Charles P. Maher, partner        $560
       John a. Moe, II, partner         $540
       Greg S. Kleiner, associate       $525
       Jennifer C. Hayes, associate     $450
       Andy Jinnah, associate           $365
       Kathryn Howard, paraprofessional $240

Dentons US will also be reimbursed for reasonable out-of-pocket
expenses incurred.

John A. Moe, II, partner of Dentons US, 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.

Dentons US can be reached at:

       John A. Moe, Esq.
       DENTONS US LLP
       601 South Figueroa - Suite 2500
       Los Angeles, CA 90017-5704
       Tel: (213) 623-9300
       Fax: (213) 623-9924
       E-mail: john.moe@dentons.com

                    About Carefree Willows

Carefree Willows LLC is the owner of a 300-unit senior housing
complex, located 3250 S. Town Center Drive, in Las Vegas, Nevada.
Carefree Willows filed a Chapter 11 petition (Bankr. D. Nev. Case
No. 10-29932) on Oct. 22, 2010.  The Debtor disclosed $30.6 million
in assets and $36.5 million in liabilities as of the Chapter 11
filing.

The Law Offices of Alan R. Smith, in Reno, Nevada, serves as
counsel to the Debtor.  AG/ICC Willows Loan Owner, LLC, is
represented in the case by Ali M.M. Mojdehi, Esq., Allison Rego,
Esq., Janet Dean Gertz, Esq., at COOLEY LLP.


CAREFREE WILLOWS: Court Okays Brian Shapiro as Trustee's Counsel
----------------------------------------------------------------
Samuel R. Maizel, the Chapter 11 trustee of Carefree Willows, LLC
sought and obtained permission from the U.S. Bankruptcy Court for
the District of Nevada to employ The Law Office of Brian D. Shapiro
as local counsel for the Trustee, nunc pro tunc to October 22,
2015.

The Trustee requires the firm to:

   (a) advise the Chapter 11 Trustee with respect to his powers
       and duties in the continued management and operation of the

       Debtor's businesses and properties;

   (b) attend meetings and negotiate with representatives of
       creditors and other parties-in-interest and advise and
       consult with the Trustee on these matters;

   (c) assist the Chapter 11 Trustee in analyzing the Schedules of

       Assets and Liabilities and Statement of Financial Affairs;

   (d) advise the Chapter 11 Trustee in connection with any
       contemplated financing, management change, sales of assets,

       formulate and implement appropriate procedures with respect

       to closing of any such transactions, and counsel the
       Chapter 11 Trustee in connection with such transactions;

   (e) advise the Chapter 11 Trustee in connection with any post-
       petition financing arrangements, including but not limited
       to carve outs;

   (f) advise the Chapter 11 Trustee on matters relating to the
       evaluation of the assumption, rejection or assignment of
       any unexpired leases and executory contracts;

   (g) take all necessary action to protect and preserve the
       Bankruptcy Estate, including the prosecution of actions on
       the Bankruptcy Estate's behalf, the defense of any actions
       commenced against the Bankruptcy Estate, negotiations
       concerning all litigation in which the Bankruptcy Estate is

       involved and objection to any claims;

   (h) prepare all motions, applications, orders, reports and
       papers necessary to administer the Bankruptcy Estate;

   (i) negotiate and prepare a plan of reorganization, disclosure
       statement and all related agreements and documents and take

       any necessary action to obtain confirmation of the plan;

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

   (k) perform all other necessary legal services and provide all
       necessary legal advice to the Chapter 11 Trustee in
       connection with this case.

The firm will be paid at these hourly rates:

       Brian D. Shapiro          $495
       Paralegals                $125

The firm will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Brian D. Shapiro, managing member of the law firm, 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 firm can be reached at:

       Brian D. Shapiro, Esq.
       LAW OFFICE OF BRIAN D. SHAPIRO, LLC
       228 S. 4th Street, Suite 300
       Las Vegas, NV 89101
       Tel: (702) 386-8600
       E-mail: brian@brianshapirolaw.com

                    About Carefree Willows

Carefree Willows LLC is the owner of a 300-unit senior housing
complex, located 3250 S. Town Center Drive, in Las Vegas, Nevada.  
Carefree Willows filed a Chapter 11 petition (Bankr. D. Nev. Case
No. 10-29932) on Oct. 22, 2010.  The Debtor disclosed $30.6 million
in assets and $36.5 million in liabilities as of the Chapter 11
filing.

The Law Offices of Alan R. Smith, in Reno, Nevada, serves as
counsel to the Debtor.  AG/ICC Willows Loan Owner, LLC, is
represented in the case by Ali M.M. Mojdehi, Esq., Allison Rego,
Esq., Janet Dean Gertz, Esq., at COOLEY LLP.


CENTRAL METAL: Anti-SLAPP Ruling in Central Bank Suit Affirmed
--------------------------------------------------------------
Central Metal, Inc., and Jong Byun defaulted on loans they obtained
from Center Bank.  Central Metal sued Center Bank for losses
suffered as the result of the bank's receivership action and the
subsequent bankruptcy.  The bank responded by filing an anti-SLAPP
motion, which the trial court granted as to all but one cause of
action in Central Metal's complaint.

The court determined that all of the complaint's causes of action
were time-barred except for the unfair business practices claim.

In an Order dated January 8, 2016, which is available at
http://is.gd/v6uOWtfrom Leagle.com, the Court of Appeals of
California, Second District, Division Five, held that the trial
court did not err in ruling that the complaint was subject to the
anti-SLAPP law, and that Central Metal failed to make a prima facie
showing of a probability of prevailing on the merits on all but the
fifth cause of action in the complaint.  Accordingly, the Court of
Appeals affirmed the trial court's order granting in part the
Bank's anti-SLAPP motion.  The Bank is awarded its costs on
appeal.

The case is CENTRAL METAL et. al., Plaintiffs and Appellants, v.
CENTER BANK, Defendant and Respondent, No. B258844.

Daniel E. Park Law Corporation, Daniel E. Park, Esq. --
dpark@parklawcorp.com and Christopher C. Cianci, Esq. --
christopher@parklawcorp.com for Plaintiffs and Appellants.

Horvitz & Levy, Jeremy B. Rosen, Esq. -- jrosen@horvitzlevy.com and
Bradley S. Pauly, Esq. -- bpauly@horvitzlevy.com; Buchalter Nemer,
Jeffery S. Wruble, Esq. -- jwruble@buchalter.com and Jack R.
Scharringhausen, Esq. -- jscharringhausen@buchalter.com for
Defendant and Respondent.

                   About Central Metal

Huntington Park, California-based Central Metal, Inc., purchases,
processes and sells metals.  The Company claims to be one of the
largest processing companies on the West Coast.

The Company filed for Chapter 11 bankruptcy protection on January
8, 2010 (Bankr. C.D. Calif. Case No. 10-10642).  Juliet Y. Oh,
Esq., who has an office in Los Angeles, California, represents the
Debtor.  The Company estimated assets and liabilities at $10
million to $50 million in its Chapter 11 petition.


CHAMPION INDUSTRIES: Marshall Reynolds Owns 53.7 of CL-A Shares
---------------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Marshall T. Reynolds disclosed that as of Jan. 18,
2016, he beneficially owns 6,067,742 shares of Class A Common Stock
of Champion Industries, Inc., representing 53.7 percent of the
shares outstanding.  

The filing was being made because the Board of Directors of
Champion Industries on Jan. 18, 2016, approved a 1-for-200 reverse
stock split of the outstanding shares of its Class A Common Stock.
As part of the proposed transaction, authorized shares of Class B
Common Stock, which are unissued, likewise would be subject to and
adjusted for a 1-for-200 reverse stock split as well.

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

                        http://is.gd/VsvPxf

                     About Champion Industries

Champion Industries, Inc., is engaged in the commercial printing
and office products and furniture supply business in regional
markets east of the Mississippi River.  The Company also publishes
The Herald-Dispatch daily newspaper in Huntington, West Virginia
with a total daily and Sunday circulation of approximately 23,000
and 28,000.

Champion Industries reported a net loss of $1.13 million for the
year ended Oct. 31, 2014, compared to net income of $5.71 million
in 2013.

As of July 31, 2015, the Company had $22.9 million in total assets,
$20.7 million in total liabilities and $2.1 million in total
shareholders' equity.


CHAPARRAL ENERGY: S&P Revises Rating to 'CCC+', Outlook Negative
----------------------------------------------------------------
Standard & Poor's Ratings Services revised its corporate rating on
oil and gas exploration and production company Chaparral Energy
Inc. to 'CCC+' from 'B-'.  The outlook is negative.

At the same time, S&P lowered its issue-level rating on the
company's unsecured debt to 'CCC' from 'CCC+'.  The recovery rating
remains '5', reflecting S&P's estimate of modest (10% to 30%, upper
half of the range) recovery in the event of default.

"The downgrade reflects our assessment of the company's
unsustainable credit measures and liquidity, as weak hydrocarbon
prices continue to depress its operating cash flows," said Standard
& Poor's credit analyst Michael Tsai.

S&P's ratings on Chaparral reflect S&P's view of the company's
vulnerable business risk profile.  S&P views Chaparral as having a
highly leveraged financial risk profile, reflecting its high debt
levels.  S&P assess Chaparral's liquidity as adequate.

The negative outlook reflects the possibility of a downgrade if
Chaparral Energy is unable to maintain adequate liquidity, which
could result from borrowing base reductions in the spring and fall
2016 redeterminations.

S&P would consider a stable outlook if it expects Chaparral to
maintain adequate liquidity, which could be due to modest revisions
to its borrowing base, additional asset sales, or other
capital-raising activity.



CHARMING CHARLIE: S&P Puts 'B-' CCR on CreditWatch Negative
-----------------------------------------------------------
Standard & Poor's Ratings Services placed its ratings on
Houston-based Charming Charlie LLC, including its 'B-' corporate
credit rating and issue-level rating on the company's term loan, on
CreditWatch with negative implications.  The '3' recovery rating on
the debt is unchanged.  However, the recovery expectations for the
term loan are now in the lower half of the 30% to 50% range as a
result of the new $60 million asset-based lending (ABL) revolving
credit facility, which S&P does not rate.

"The negative CreditWatch placement reflects a significant decline
in profits as a result in a change in management's business
strategy and the possibility that performance trends will not
reverse course," said credit analyst Adam Melvin.  "A change in
merchandising and branding strategy that did not resonate well with
customers, particularly in the company's apparel offerings,
accelerated its weak same-store sales trends.  Same-store sales
were below our expectations, as declines accelerated to 18% in the
third quarter compared with modestly positive sales in the previous
year.  We believe operating performance will remain weak in 2016;
specifically profits will remain pressured as branding changes
could take time to attract customers and the company will need to
increase promotions to drive traffic.  Year to date, revenue
declined 1% while reported EBITDA dropped 34%."

A resolution of the CreditWatch placement will depend on Charming
Charlie's success in amending the credit agreement to loosen
covenants and gaining some traction in reversing operating
declines.  Failure to adequately and timely address the covenants
or if S&P become convinced management's strategies to turn around
the business will take longer than our current expectations, could
lead to a downgrade.



CHINOOK USA: Suits Against Duck Commander Consolidated
------------------------------------------------------
Before Chinook USA, LLC, filed for bankruptcy and subsequently
filed an adversary proceeding against Duck Commander, Inc., et al.,
Chinook filed suit in the United States District Court for the
Western District of Kentucky, at Louisville, involving the same
license agreement, payments, and factual background as the
adversary proceeding.

The Defendants now move the Court to withdraw reference to
bankruptcy court of the adversary proceeding, consolidate the
adversary proceeding with the pending district court case, and
dismiss the claims or transfer venue to another district court.
Chinook opposes the Defendants' motion.

There is an existing and preceding civil action between these
parties involving overlapping facts, issues, and relief.  Allowing
this adversary proceeding to continue in bankruptcy court while a
parallel suit proceeds in district court would waste judicial
resources, Senior District Judge Charles R. Simpson III held in a
Memorandum Opinion dated January 8, 2016, which is available at
http://is.gd/q8FiM2from Leagle.com.

Further, consolidation with the district court lawsuit would not
hinder expedient and uniform bankruptcy administration, Judge
Simposon ruled.

Accordingly, Judge Simpson granted the Defendants' motion to
withdraw reference to bankruptcy court of the adversary proceeding
and consolidate the adversary proceeding with the pending district
court case, Civil Action No. 3:14-CV-1015-CRS.  The Court denied
the Defendants' motion to dismiss or transfer venue as moot.  The
Court also denied Chinook's motion for leave to file surreply as
moot.

The case is CHINOOK USA, LLC, Plaintiff, v. DUCK COMMANDER, INC.,
et al., Defendants, Civil Action No. 3:15-CV-00240-CRS, Bankr. No.
15-30057-acs (Chapter 11), A.P. No. 15-03006.

Duck Commander, Inc., Defendant, is represented by Augustus S.
Herbert, Esq. -- aherbert@middletonlaw.com -- Middleton Reutlinger,
Scot A. Duvall, Esq. -- sduvall@middletonlaw.com -- Middleton
Reutlinger & Thomas W. Frentz, Esq. -- tfrentz@middletonlaw.com --
Middleton Reutlinger.

Dahlen Associates, Inc., Defendant, is represented by Augustus S.
Herbert, Middleton Reutlinger, Scot A. Duvall, Middleton Reutlinger
& Thomas W. Frentz, Middleton Reutlinger.

3292 Brands, LLC, Defendant, is represented by Augustus S. Herbert,
Middleton Reutlinger, Scot A. Duvall, Middleton Reutlinger & Thomas
W. Frentz, Middleton Reutlinger.

Chinook USA, LLC, Debtor, is represented by Charity B. Neukomm,
Esq. -- neukomm@derbycitylaw.com -- Seiller Waterman, LLC, David
Cantor, Esq. -- cantor@derbycitylaw.com -- Seiller Waterman, LLC,
James Edwin McGhee, III, Esq. -- mcghee@derbycitylaw.com -- Seiller
Waterman, LLC & Paul Joseph Hershberg, Esq. --
hershberg@derbycitylaw.com -- Seiller Waterman, LLC.

Prospect, Kentucky-based Chinook USA, LLC, sought protection under
Chapter 11 of the Bankruptcy Code on Jan. 9, 2015 (Bankr. W.D.
Ky.,
Case No. 15-30057).  The case is assigned to Judge Alan C. Stout.
The Debtor's counsel is David M. Cantor, Esq., at Seiller Waterman
LLC, in Louisville, Kentucky.


CROSBY NATIONAL: Venue Transfer Serves Best Interest, Judge Says
----------------------------------------------------------------
The U.S. Bankruptcy Judge for the Northern District of Texas issued
a memorandum opinion in support of order granting motion of the
Crosby Estate at Rancho Santa Fe Master Association to transfer
venue of the Chapter 11 case of The Crosby National Golf Club, LLC,
to Southern District of California.

The Bankruptcy Judge said that, among other things:

   (1) the interest of justice is best served by transferring the
case to California;

   (2) there is no indication that a California bankruptcy court
would be less efficient, less economical, or less fair than he
would be in the administration of the case, which, depending on
one's view, is either neutral or weighs in favor of venue transfer;
and

   (3) it would be more convenient to the parties if the case were
transferred to California.

As reported in the Troubled Company Reporter on July 7, 2015, the
Court transferred the case of the Debtor to the Southern District
of California.

The Crosby HOA requested that the Court enter an order transferring
the case.  Several parties joined in the motion.  The Debtor
opposed the motion.

Texas Capital Bank, National Association, a secured creditor,
submitted a reservation of its rights.  According to Texas Capital,
among other things, the HOA reply alleges that "[the] loan is
fraudulent and is therefore subject to avoidance."  Texas Capital
asserted that the HOA reply cited no evidentiary support for the
Crosby HOA's allegation that the Texas Capital loan is fraudulent
or otherwise invalid.  Texas Capital disputes the Crosby HOA's
characterization of Texas Capital's loan to the Debtor.

In its reply to the Debtor's objection, Crosby HOA, the homeowners'
association for that certain residential community known as The
Crosby Estate at Rancho Santa Fe, located in Rancho, Santa Fe (San
Diego County) California, and containing the Crosby National Golf
Club, which is owned and operated by The Crosby National Golf Club,
LLC, the Debtor, and replied to the Debtor's objection, stated that
the Debtor's objection continues to demonstrate its obvious failure
to appreciate the best interests of the estate, and a lack of
candor before the Court.

The Ad Hoc Crosby National Members Committee comprised of certain
active members in the Crosby National Golf Club filed a joinder to
the transfer motion, stating that if the case were to proceed in
Ft. Worth, it would be to the extreme disadvantage or possible
exclusion of many of the key creditors and parties-in-interests.

The Debtor, in its objection, stated that venue of the case is
proper in the Bankruptcy Court for the Northern District of Texas.

According to the Debtor, since venue here is proper, great
deference is to be accorded to the Debtor's choice.  Moreover,
since the case is a reorganization, the location of the Debtor's
assets is of lesser importance compared to the location of the
Debtor's decision-makers, negotiators, lawyers, and financiers as
those are the parties that will be doing the most work both in and
out of the courtroom to restructure the Debtor.

                About Crosby National Golf Club

The Crosby National Golf Club, LLC, commenced a Chapter 11
bankruptcy case (Bankr. N.D. Tex. Case No. 15-41545) in Ft. Worth,
Texas, on April 16, 2015, without stating a reason.  The Debtor
estimated $10 million to $50 million in assets and debt.  The case
is assigned to Judge Russell F. Nelms.

The Debtor owns and operates the Crosby National Golf Club which
is located within the Crosby Estates at Rancho Santa Fe. The Golf
Club has been continuously operated as a for-profit, private
eighteen-hole golf course and has been known at all times as the
Crosby National Golf Club. It is a California limited liability
company and its managing member is Escalante - Crosby National
L.P., a Colorado limited partnership. The Debtor is represented by
Hudson M. Jobe, Esq., and Timothy A. York, Esq., at Quilling,
Selander, Lownds, Winslett & Moser, P.C. in Dallas, Texas.

The Crosby Estate at Rancho Santa Fe Master Association (The
Crosby HOA) is the master association for the gated residential
community and development located in San Diego County including the
Debtor's golf club, commonly known as The Crosby National Golf
Club.  The Debtor and the Crosby HOA have been engaged in disputes
and resulting litigation pending in the Superior Court, State of
California, County of San Diego, relating to the Debtor's
operations of the Club and various rights and obligations of the
parties under the Development documents and related agreements. It
is represented in the Debtor's case by Joe J. Wielenbinski, Esq.,
Jay H. Ong, Esq. and Thomas D. Berghman, Esq. at Munsch Hardt Kopf
& Harr, P.C. in Dallas, Texas.

Texas Capital holds a valid, perfected, secured Claim against the
Debtor. A minimum aggregate amount of approximately $3.1 million
is owed on the Texas Capital Claim. It is represented by Matthew T.
Ferris, Esq. at Winstead PC in Dallas, Texas.


DF SERVICING: Meeting of Creditors Set for Feb. 1
-------------------------------------------------
The meeting of creditors of DF Servicing LLC is set to be held on
Feb. 1, 2016, at 9:00 a.m., according to a filing with the U.S.
Bankruptcy Court for the District of Puerto Rico.

The meeting will be held at Ochoa Building, First Floor, 500 Tanca
Street, San Juan, Puerto Rico.

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

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

                        About DF Servicing

Engaged in the business of purchase and sale of construction
projects, DF Servicing, LLC, DF Tier I, LLC, DF Investments, LLC
and DF Holdings LLC filed Chapter 11 bankruptcy petitions (Bankr.
D.P.R. Case Nos. 15-10253 to 15-10256) on Dec. 24, 2015.  The
petitions were signed by Mark Mashburn, the president.  Charles A
Cuprill, PSC Law Office, serves as counsel to the Debtors.


EAGLE MOUNTAIN: Net Losses Raise Going Concern Doubt
----------------------------------------------------
Eagle Mountain Corporation posted a net loss of $2,464,989 for the
three months ended September 30, 2015, compared with net income of
$12,673,201 for the same period in 2014.

The company has incurred substantial net losses since inception and
had a working capital deficiency of $3,637,959 at September 30,
2015, according to Ronald Cormick, chief executive officer, and
Haley Manchester, chief financial officer of the company in a
regulatory filing with the U.S. Securities and Exchange Commission
on December 15, 2015.

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

Messrs. Cormick and Manchester stated: "The company expects cash
flows from operating activities to improve, primarily as a result
of an increase in revenue, although there can be no assurance
thereof.  If we fail to generate positive cash flow or obtain
additional financing, when required, we may have to modify, delay,
or abandon some or all of our business and expansion plans.

"There can be no assurance that sufficient funds required during
the next year or thereafter will be generated from operations or
that funds will be available from external sources such as debt or
equity financings or other potential sources.  The lack of
additional capital resulting from the inability to generate cash
flow from operations or to raise capital from external sources
would force the company to substantially curtail or cease
operations and would, therefore, have a material adverse effect on
its business.  Furthermore, there can be no assurance that any such
required funds, if available, will be available on attractive terms
or that they will not have a significant dilutive effect on the
company's existing stockholders."

At September 30, 2015, the company had total assets of $3,445,168,
total liabilities of $4,923,239 and total stockholders' deficit of
$1,478,071.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/zqg6mja

Houston-based Eagle Mountain Corporation was primarily engaged in
the business of distribution of memory products mainly under
Samsung brand name which principally comprised DRAM, Graphic RAM
and Flash for the Hong Kong and PRC markets (Samsung Business).
After April 1, 2012, the Samsung Business was transferred to ATMD,
a joint venture with Tomen.  The company indirectly owns 30% equity
interest in ATMD.  On September 27, 2013, the company sold the
entire 30% equity interest of ATMD.  Through the acquisition of
Jussey Investments Limited on September 28, 2012, the company has
diversified its product portfolio and customer network, obtained
design and manufacturing capabilities, and tapped into the blooming
telecommunication industry with access to the 3G baseband licenses
acquired by Jussey's subsidiaries. On September 30, 2014, the
company disposed all of the equity interest held in ACL
International Holdings Limited (ACL Holdings).

After the disposal, the company was still engaged in the sales and
distribution of smartphones, electronic products and components in
Hong Kong and China.


EAST ORANGE GENERAL: Deadline to Remove Suits Extended to May 9
---------------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey has given
East Orange General Hospital Inc. until May 9, 2016, to file
notices of removal of lawsuits involving the company and its
affiliate Essex Valley Healthcare Inc.

                     About East Orange General

East Orange General Hospital, Inc. and Essex Valley Healthcare,
Inc. (the Hospital) filed Chapter 11 bankruptcy petitions (Bankr.
D. N.J. Case Nos. 15-31232 and 15-31233, respectively) on Nov. 10,
2015.  Martin A. Bieber signed the petition as interim president
and chief executive officer.  The Debtors estimated both assets and
liabilities in the range of $100 million to $500 million.

The Debtors have engaged Lowenstein Sandler LLP as counsel,
PricewaterhouseCoopers LLP as financial advisor, McCarter &
English, LLP as special transactional counsel, and Prime Clerk LLC
as claims, noticing and balloting agent.

Judge Vincent F. Papalia has been assigned the case.

Located in East Orange, New Jersey, the 211-bed Hospital claims to
be the only independent, fully accredited, acute-care hospital in
Essex County and is a recognized leader in behavioral health
services, renal dialysis, wound care, diagnostic services,
emergency services, and family health care.

The Debtors employ approximately 860 individuals.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  The committee is
represented by Arent Fox LLP and Trenk, DiPasquale, Della Fera &
Sodono, P.C.


EMPIRE RESORTS: Rights Offering Expires February 10
---------------------------------------------------
Empire Resorts, Inc. previously announced that that it commenced a
rights offering for approximate gross proceeds of $290,000,000.
Empire 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.

Important Dates:

Subscription Period:                 Jan. 4, 2016 to Feb. 10, 2016
Last Day to Trade Rights on Nasdaq:  Feb. 5, 2016
Last Day to Transfer Rights:         Feb. 9, 2016
Expiration Date:                     Feb. 10, 2016

How to Obtain Subscription Information:

   * Contact your broker-dealer, trust company, bank or other
     nominee where your rights are held, or

   * Contact the information agent, Morrow & Co., LLC, by
     telephone at (855) 201-1081 or by email at
     empire.info@morrowco.com.

How to Subscribe:

   * Deliver a completed subscription certificate and payment to
     the subscription agent by the expiration date of the rights
     offering, or

   * If your shares are held in an account with your broker-
     dealer, trust company, bank or other nominee, which qualifies

     as an Eligible Guarantor Institution under Rule 17Ad-15 of
     the Securities Exchange Act of 1934, as amended, have your
     Eligible Guarantor Institution deliver a notice of guaranteed

     delivery to the subscription agent by the expiration date of  

     the rights offering.

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.


ENERGY FUTURE: Kirkland & Ellis' Fees on Chapter 11 Nearing $150M
-----------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that Kirkland &
Ellis LLP filed an application on Jan. 21, 2016, in Delaware
bankruptcy court requesting $21.3 million in fees and expenses on
the massive Energy Future Holdings Corp. Chapter 11, pushing the
total amount the firm is asking for to more than $146 million.
Kirkland filed a fifth interim fee application covering the period
from Sept. 1 through Dec. 31 -- a crucial time in the bankruptcy
that included the bankruptcy court confirming EFH's plan to rework
$42 billion in debt.

                       About Energy Future

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

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

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

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

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

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

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

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

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

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


EXELIXIS INC: Meditor Group Reports 9.7% Stake as of Dec. 31
------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Meditor Group Ltd. and Meditor European Master Fund
Ltd. disclosed that as of Dec. 31, 2015, they beneficially own
22,070,213 shares of common stock of Exelixis, Inc., representing
9.7 percent of the shares outstanding.  A copy of the regulatory
filing is available for free at http://is.gd/8c0QRj

                      About Exelixis Inc.

Headquartered in South San Francisco, California, Exelixis, Inc.,
develops innovative therapies for cancer and other serious
diseases.  Through its drug discovery and development activities,
Exelixis is building a portfolio of novel compounds that it
believes has the potential to be high-quality, differentiated
pharmaceutical products.

Exelixis reported a net loss of $269 million on $25.1 million of
total revenues for the year ended Dec. 31, 2014, compared with a
net loss of $245 million on $31.3 million of total revenues in
2013.

As of Sept. 30, 2015, the Company had $363.24 million in total
assets, $437.46 million in total liabilities and a $74.22 million
total stockholders' deficit.


GELTECH SOLUTIONS: Expects 2016 Wildland Revenues of $2M-2.5M
-------------------------------------------------------------
During the question and answer session at the GelTech Solutions,
Inc. annual shareholders' meeting on Jan. 22, 2016, Mr. Michael
Reger, GelTech's president, stated he believed GelTech's revenues
from the Wildland and Municipality Divisions could be $2.0-$2.5
million and $600,000-$700,000, respectively, in calendar 2016, and
was hopeful the company would be cash flow positive in less than
two years.  This does not include any projections for the Company's
Utilities and Communications Tower or Dust Control Divisions.

                          About GelTech

Jupiter, Fla.-based GelTech Solutions. Inc., is a Delaware
corporation organized in 2006.  The Company markets four products:
(1) FireIce(R), a water soluble fire retardant used to protect
firefighters, structures and wildlands; (2) Soil2O(R) 'Dust
Control', its new application which is used for dust mitigation in
the aggregate, road construction, mining, as well as, other
industries that deal with daily dust control issues; (3)
Soil2O(R), a product which reduces the use of water and is
primarily marketed to golf courses, commercial landscapers and the
agriculture market; and (4) FireIce(R) Home Defense Unit, a system
for applying FireIce(R) to structures to protect them from
wildfires.

GelTech Solutions reported a net loss of $5.51 million on $800,000
of sales for the year ended June 30, 2015, compared to a net loss
of $7.11 million on $815,000 of sales for the year ended June 30,
2014.

As of Sept. 30, 2015, the Company had $2.09 million in total
assets, $5.79 million in total liabilities, and a $3.69 million
total stockholders' deficit.


GOODRICH PETROLEUM: Commences Exchange Offers to Avoid Ch. 11
-------------------------------------------------------------
Goodrich Petroleum Corporation on Jan. 26 disclosed that it has
commenced offers to exchange newly issued shares of common stock,
par value $0.20 per share (the "Common Stock"), for any and all of
its Existing Unsecured Notes (as defined below) (the "Unsecured
Notes Exchange Offers") and for any and all shares of its Existing
Preferred Stock (as defined below) (the "Preferred Exchange
Offers").  The Company has also announced it intends to offer to
exchange its Second Lien Notes (as defined below) (the "Second Lien
Notes Exchange Offers") into new second lien notes with materially
identical terms except that interest thereon may be paid either (a)
at the Company's option in cash or in-kind or (b) deferred until
maturity.  The Second Lien Notes Exchange Offers, together with the
Unsecured Notes Exchange Offers and the Preferred Exchange Offers
collectively referred to as the "Exchange Offers" and the
"Recapitalization Plan").

Unsecured Notes Exchange Offers

The Company is offering to exchange, upon the terms and subject to
the conditions of the Unsecured Notes Exchange Offers, the
following minimum consideration in newly issued shares of Common
Stock to all holders of its Existing Unsecured Notes, subject to
certain pro rata adjustments as described in the Unsecured Notes
Exchange Offers:

800.635 shares of Common Stock per $1,000 principal amount of the
8.875% Senior Notes due 2019;

800.635 shares of Common Stock per $1,000 principal amount of the
3.25% Convertible Senior Notes due 2026;

800.635 shares of Common Stock per $1,000 principal amount of the
5.00% Convertible Senior Notes due 2029;

800.635 shares of Common Stock per $1,000 principal amount of the
5.00% Convertible Senior Notes due 2032; and

1601.270 shares of Common Stock per $1,000 principal amount of the
5.00% Convertible Exchange Senior Notes due 2032 (together, the
Existing Unsecured Notes").

The higher exchange ratio for the 5.00% Convertible Exchange Senior
Notes due 2032 is due to a previous private exchange where certain
holders of the 5.00% Convertible Senior Notes due 2032 exchanged
into the 5.00% Convertible Exchange Senior Notes due 2032 at a 50%
discount.

Preferred Exchange Offers

The Company is offering to exchange, upon the terms and subject to
the conditions of the Preferred Exchange Offers, newly issued
shares of Common Stock to all holders of any and all issued and
outstanding shares of the Existing Preferred Stock under the
following exchange ratios:

8.899 shares of Common Stock per share of the Company's 5.375%
Series B Cumulative Convertible Preferred Stock (the "Series B
Preferred Stock");

4.449 shares of Common Stock per depositary share, each
representing 1/1000th share of the Company's 10.00% Series C
Cumulative Preferred Stock (such depositary shares, the "Series C
Preferred Stock");

4.449 shares of Common Stock per depositary share, each
representing 1/1000th of a share of the Company's 9.75% Series D
Cumulative Preferred Stock (such depositary shares, the "Series D
Preferred Stock"); and

5.188 shares of Common Stock per depositary share, each
representing 1/1000th of a share of Series E Preferred Stock (such
depositary shares, the "Series E Preferred Stock" and, together
with the Series B Preferred Stock, the Series C Preferred Stock and
the Series D Preferred Stock, the "Existing Preferred Stock").

The higher exchange ratio applicable to the Series B Preferred
Stock reflects the higher liquidation preference for the Series B
Preferred Stock relative to the lower liquidation preference of the
Series C Preferred Stock, Series D Preferred Stock and Series E
Preferred Stock.  The higher exchange ratio applicable to the
Series E Preferred Stock relative to the Series C Preferred Stock
and Series D Preferred Stock reflects the original liquidation
preferences of the Series B Preferred Stock, Series C Preferred
Stock and Series D Preferred stock tendered in exchange for the
Series E Preferred Stock on December 18, 2015.

Second Lien Notes Exchange

As part of the Recapitalization Plan, the Company intends to offer
to exchange any and all of the Company's 8.00% Second Lien Senior
Secured Notes due 2018 and 8.875% Second Lien Senior Secured Notes
due 2019 (collectively the "Second Lien Notes") for new senior
secured notes with materially identical terms except that interest
thereon may be paid either (a), at the Company's option, in cash or
in-kind or (b) deferred until maturity (the "Second Lien Notes
Exchange").

If successful with the above referenced Existing Unsecured Notes
Exchange and Second Lien Notes Exchange, the Company would
eliminate between $213 million and $224.2 million in unsecured
senior indebtedness with respect to the exchange and cancellation
of Existing Unsecured Notes in the Exchange Offers, and $29.8
million to $31.4 million in cash interest payment obligations per
year, thereby preserving liquidity in the near term.

The Company is conducting the Exchange Offers in response to the
current low commodity price environment that has had a significant,
adverse impact on the Company.  While the Company is not currently
in default under its existing debt instruments, its ability to make
the March 2016 interest payments on its 8.00% Second Lien Senior
Secured Notes due 2018 and 8.875% Senior Notes due 2019 and service
its other debt and fund its operations is at significant risk as a
result of the sustained continuation of the current commodity price
environment.  If the Company is unable to complete the
Recapitalization Plan, including the Exchange Offers, and address
its near-term liquidity needs, it may need to seek relief under the
U.S. Bankruptcy Code.  This relief may include: (i) seeking
bankruptcy court approval for the sale or sales of some, most or
substantially all of the Company's assets pursuant to section
363(b) of the U.S. Bankruptcy Code and a subsequent liquidation of
the remaining assets in the bankruptcy case; (ii) pursuing a plan
of reorganization (where votes for the plan may be solicited from
certain classes of creditors prior to a bankruptcy filing) that the
Company would seek to confirm (or "cram down") despite any classes
of creditors who reject or are deemed to have rejected such plan;
or (iii) seeking another form of bankruptcy relief, all of which
involve uncertainties, potential delays and litigation risks.

Georgeson, Inc. is acting as the Information Agent and American
Stock Transfer & Trust Company, LLC is acting as the Exchange Agent
for the Exchange Offers.

The Exchange Offers are scheduled to expire at 5:00 p.m., New York
City time, on February 24, 2016, unless extended.  

The complete terms and conditions of the Exchange Offers are set
forth in the offers to exchange and related letters of transmittal
that are being sent to holders of the Existing Preferred Stock and
Existing Unsecured Notes.  Copies of the offers to exchange and
letters of transmittal may be found on the Company's website at
http://www.goodrichpetroleum.com/and may be obtained from the
Exchange Agent or the Information Agent for the Exchange Offers as
follows:

Georgeson, Inc., at 888-607-6511 (toll free) or
http://www.georgeson.com/
American Stock Transfer & Trust Company, LLC, at (877) 248-6417
(toll free) or (718) 921-8317 or http://www.amstock.com

Goodrich Petroleum Corporation is an independent oil and gas
exploration and production company.


GREAT LAKES COMNET: Appoints KCC as Claims and Noticing Agent
-------------------------------------------------------------
Great Lakes Comnet, Inc. and Comlink, L.L.C. seek authority from
the Bankruptcy Court to employ Kurtzman Carson Consultants, LLC as
their claims, balloting and noticing agent, effective nunc pro tunc
to the Petition Date.

The Debtors believe it is necessary and in the best interests of
their creditors and their estates to engage KCC to act as Claims
Agent in order to assume full responsibility for, among other
things, processing and docketing of all proofs of claim filed in
their cases.   In addition, in connection with any plan, the
Debtors have determined that they will likely require the services
of KCC to act as Claims Agent with respect to, inter alia, the
mailing of their disclosure statement, plan and ballots, and
maintaining and tallying ballots in connection with the voting on
those plans.

The Debtors' creditor Matrix reflect approximately 1,000 creditors,
claimants, or parties-in-interest.

The following are KCC's consulting services & rates:

    Position                               Hourly Rate
    --------                               -----------
    Executive Vice President                 Waived
    Director/Senior Managing Consultant       $175
    Consultant/Senior Consultant            $70-$160
    Technology/Programming Consultant       $35-$70
    Clerical                                $25-$50

As part of the overall compensation payable to KCC under the terms
of the Services Agreement, the Debtors have agreed to certain
limitations of liability and indemnification obligations as
described in the Services Agreement.  These indemnification
obligations exclude any losses arising from KCC's gross negligence
or willful misconduct, and also any indemnification for any matter
which does not comport with applicable law.

Evan Gershbein, senior vice presideent of Corporate Restructuring
Services at Kurtzman Carson Consultants, LLC, assures the Court
that his firm is a "disinterested person" as that term is defined
in Section 101(14) of the Bankruptcy Code.

                     About Great Lakes Comnet

East Lansing, Michigan-based Great Lakes Comnet, Inc., owns and
operates a 6,500 mile fiber network serving the carrier and
enterprise sectors in Michigan, with the network extending
to Ohio, Indiana, Illinois, Wisconsin, and Minnesota.  GLC's
services include transport, dark fiber sales, cloud and datacenter
operations, toll resale, toll routes, local switching, tandem
switching and SS7.

GLC's tandem switch is used -- in conjunction with tandem transport
services provided by GLC and Westphalia Telephone Company -- to
send long distance calls from the network of one telecommunications
carrier to the network of another telecommunications carrier.  By
using the services provided by GLC and WTC, interexchange carriers
such as AT&T, are able to exchange interstate long distance calls
with local telecommunications service providers, namely, rural
Incumbent Local Exchange Carriers and competitive LECs, located
throughout Michigan, where the rural ILECs and CLECs operate "end
office switches" homing on GLC's tandem switch.

Comlink provides data and communication services, including
dedicated ultra-high-speed bandwidth data transmission, Ethernet
private line services and virtual private network services,
cloud-based and colocation data center services, and data
management services to Consumers Energy, several hospital systems,
municipalities and state correctional facilities.

Great Lakes Comnet, Inc. and Comlink, LLC filed Chapter 11
bankruptcy petitions (Bankr. W.D. Mich. Case Nos. 16-00290 and
16-00292, respectively) on Jan. 25, 2016.  The petitions were
signed by John Summersett as chief executive officer.  The Debtors
estimated both assets and debts in the range of $10 million to $50
million.

The Debtors have engaged Miller Canfield Paddock & Stone PLC as
counsel, Alix Partners LLP as restructuring advisors and Kurtzman
Carson Consultants, LLC as claims, balloting and noticing agent.


GREAT LAKES COMNET: Asks for 21-Day Extension to File Schedules
---------------------------------------------------------------
Great Lakes Comnet, Inc. and Comlink, L.L.C. seek extension of the
deadline for filing their schedules of assets and liabilities and
statement of financial affairs through Feb. 29, 2016.

The Debtors believe they will be unable to complete and file the
Schedules and Statements by the current deadline due to (a) the
complexity and volume of their financial affairs, and (b) the
general press of business attendant to the commencement of the
Debtors' Chapter 11 cases.

There are approximately 1,000 creditors and other
parties-in-interest involved in the Debtors' cases, Court document
indicates.  The Debtors also are party to approximately 2,000
contracts and unexpired leases.

"Given the size and complexity of the Debtors' operations, and the
fact that certain prepetition invoices have not been received
and/or entered into the Debtors' financial systems, the Debtors
have not had the opportunity to gather the necessary information to
prepare and file their respective Schedules and Statements," says
Stephen S. LaPlante, Esq., at Miller, Canfield, Paddock and Stone,
P.L.C., counsel for the Debtors.  

                      About Great Lakes Comnet

East Lansing, Michigan-based Great Lakes Comnet, Inc., owns and
operates a 6,500 mile fiber network serving the carrier and
enterprise sectors in Michigan, with the network extending to Ohio,
Indiana, Illinois, Wisconsin, and Minnesota.  GLC's services
include transport, dark fiber sales, cloud and datacenter
operations, toll resale, toll routes, local switching, tandem
switching and SS7.

GLC's tandem switch is used -- in conjunction with tandem transport
services provided by GLC and Westphalia Telephone Company -- to
send long distance calls from the network of one telecommunications
carrier to the network of another telecommunications carrier.  By
using the services provided by GLC and WTC, interexchange carriers
such as AT&T, are able to exchange interstate long distance calls
with local telecommunications service providers, namely, rural
Incumbent Local Exchange Carriers and competitive LECs, located
throughout Michigan, where the rural ILECs and CLECs operate "end
office switches" homing on GLC's tandem switch.

Comlink provides data and communication services, including
dedicated ultra-high-speed bandwidth data transmission, Ethernet
private line services and virtual private network services,
cloud-based and colocation data center services, and data
management services to Consumers Energy, several hospital systems,
municipalities and state correctional facilities.

Great Lakes Comnet, Inc. and Comlink, LLC filed Chapter 11
bankruptcy petitions (Bankr. W.D. Mich. Case Nos. 16-00290 and
16-00292, respectively) on Jan. 25, 2016.  The petitions were
signed by John Summersett as chief executive officer.  The Debtors
estimated both assets and debts in the range of $10 million to $50
million.

The Debtors have engaged Miller Canfield Paddock & Stone PLC as
counsel, Alix Partners LLP as restructuring advisors and Kurtzman
Carson Consultants, LLC as claims, balloting and noticing agent.


GREAT LAKES COMNET: Seeks Approval of $5.5 Million DIP Financing
----------------------------------------------------------------
Great Lakes Comnet, Inc. and Comlink, L.L.C seek permission from
the Bankruptcy Court to borrow $5,500,000 ($3,850,000 of which will
be available on an interim basis) from CoBank, ACB, their
prepetition senior lender.  In addition, the Debtors seek
permission to use cash collateral of the Prepetition Lender.

The DIP Lender agrees to finance the Debtors' projected cash needs
through an anticipated Section 363 sale closing date in May, on a
priming, first-security and superpriority basis pursuant to the DIP
Loan Agreement and the DIP Orders.  The Debtors have received a
stalking horse offer, in the form of a purchase and sale agreement,
for the sale and purchase of substantially all of their assets at a
purchase price, including the assumption of certain liabilities,
estimated to be approximately $32,600,000.

According to the Debtors, they have inadequate cash collateral to
operate and pay necessary expenses and to move forward with a sale
process.

"Absent access to the DIP Facility, the Debtors' businesses will
simply shut down and their employees will have to be terminated,"
says Stephen S. LaPlante, Esq., at Miller, Canfield, Paddock and
Stone, P.L.C., counsel for the Debtors.
  
The Postpetition Loans mature and are due and payable in full on
May 11, 2016, absent the occurrence of an earlier termination event
or due date.

The non-default interest rate is the prime rate plus 6.5% per
annum, and the default interest rate is 5% per annum higher.

As of the Petition Date, the amount owed by the Debtors under the
Prepetition Financing Documents to the Prepetition Senior Lender
and secured by the Prepetition Collateral is approximately
$25,165,732, inclusive of accrued interest, fees, costs, and other
amounts chargeable to the Debtors under the Prepetition Financing
Documents.

                     About Great Lakes Comnet

East Lansing, Michigan-based Great Lakes Comnet, Inc., owns and
operates a 6,500 mile fiber network serving the carrier and
enterprise sectors in Michigan, with the network extending to Ohio,
Indiana, Illinois, Wisconsin, and Minnesota.  GLC's services
include transport, dark fiber sales, cloud and datacenter
operations, toll resale, toll routes, local switching, tandem
switching and SS7.

GLC's tandem switch is used -- in conjunction with tandem transport
services provided by GLC and Westphalia Telephone Company -- to
send long distance calls from the network of one telecommunications
carrier to the network of another telecommunications carrier.  By
using the services provided by GLC and WTC, interexchange carriers
such as AT&T, are able to exchange interstate long distance calls
with local telecommunications service providers, namely, rural
Incumbent Local Exchange Carriers and competitive LECs, located
throughout Michigan, where the rural ILECs and CLECs operate "end
office switches" homing on GLC's tandem switch.

Comlink provides data and communication services, including
dedicated ultra-high-speed bandwidth data transmission, Ethernet
private line services and virtual private network services,
cloud-based and colocation data center services, and data
management services to Consumers Energy, several hospital systems,
municipalities and state correctional facilities.

Great Lakes Comnet, Inc. and Comlink, LLC filed Chapter 11
bankruptcy petitions (Bankr. W.D. Mich. Case Nos. 16-00290 and
16-00292, respectively) on Jan. 25, 2016.  The petitions were
signed by John Summersett as chief executive officer.  The Debtors
estimated both assets and debts in the range of $10 million to $50
million.

The Debtors have engaged Miller Canfield Paddock & Stone PLC as
counsel, Alix Partners LLP as restructuring advisors and Kurtzman
Carson Consultants, LLC as claims, balloting and noticing agent.


GREAT LAKES COMNET: Seeks Joint Administration of Cases
-------------------------------------------------------
Great Lakes Comnet, Inc. and Comlink, L.L.C ask the Bankruptcy
Court to enter an order directing joint administration of their
respective Chapter 11 cases under the Lead Case No. 16-00290.

Specifically, the Debtors request that (i) the Court keep one file,
(ii) the docket for each case contain a notice indicating joint
administration of the cases, and (iii) the Court direct creditors
to file proofs of claim only in the particular Chapter 11 case
against whom the claim is asserted unless the claim is asserted
against both Debtors or their estates.

The Debtors maintain that by jointly administering these Chapter 11
cases, they will be able to reduce fees and costs resulting from
the administration of these cases and ease the onerous
administrative burden of having to file multiple and duplicative
documents.

The Debtors believe that joint administration will also simplify
the Office of the United States Trustee's task of supervising these
cases.

                    About Great Lakes Comnet

East Lansing, Michigan-based Great Lakes Comnet, Inc., owns and
operates a 6,500 mile fiber network serving the carrier and
enterprise sectors in Michigan, with the network extending
to Ohio, Indiana, Illinois, Wisconsin, and Minnesota.  GLC's
services include transport, dark fiber sales, cloud and datacenter
operations, toll resale, toll routes, local switching, tandem
switching and SS7.

GLC's tandem switch is used -- in conjunction with tandem transport
services provided by GLC and Westphalia Telephone Company -- to
send long distance calls from the network of one telecommunications
carrier to the network of another telecommunications carrier.  By
using the services provided by GLC and WTC, interexchange carriers
such as AT&T, are able to exchange interstate long distance calls
with local telecommunications service providers, namely, rural
Incumbent Local Exchange Carriers and competitive LECs, located
throughout Michigan, where the rural ILECs and CLECs operate "end
office switches" homing on GLC's tandem switch.

Comlink provides data and communication services, including
dedicated ultra-high-speed bandwidth data transmission, Ethernet
private line services and virtual private network services,
cloud-based and colocation data center services, and data
management services to Consumers Energy, several hospital systems,
municipalities and state correctional facilities.

Great Lakes Comnet, Inc. and Comlink, LLC filed Chapter 11
bankruptcy petitions (Bankr. W.D. Mich. Case Nos. 16-00290 and
16-00292, respectively) on Jan. 25, 2016.  The petitions were
signed by John Summersett as chief executive officer.  The Debtors
estimated both assets and debts in the range of $10 million to $50
million.

The Debtors have engaged Miller Canfield Paddock & Stone PLC as
counsel, Alix Partners LLP as restructuring advisors and Kurtzman
Carson Consultants, LLC as claims, balloting and noticing agent.


HAMPSHIRE GROUP: Elliott Davis Expresses Going Concern Doubt
------------------------------------------------------------
Elliott Davis Decosimo, LLC, in a Dec. 11, 2015 letter to the board
of directors and stockholders of Hampshire Group, Limited,
expressed substantial doubt about the company's ability to continue
as a going concern.  The firm audited the consolidated balance
sheets of the company as of December 31, 2014 and 2013, and the
related consolidated statements of operations, stockholders' equity
(deficit), and cash flows for the years then ended.

Elliott Davis pointed out that the company has suffered recurring
losses and incurred negative cash flows from continuing operations
and its total liabilities exceed its total assets at December 31,
2014.  In addition, the company is in default under its credit
facility and has entered into a forbearance agreement and amendment
to the credit facility, which among other items, changed the
maturity date of the credit facility to February 29, 2016.  The
company's lenders have indicated that they will not renew the
credit facility beyond that maturity date, because they intend to
exit this line of business.  The company is in the process of
attempting to obtain financing with a new lender.  "These
conditions raise substantial doubt about the company's ability to
continue as a going concern."

"We are seeking a replacement credit facility and are also
considering raising additional financing through the sale of equity
or debt.  Although we have not yet received any commitments from
potential lenders or investors, management believes that it will be
able to secure new financing to replace our existing credit
facility," related Paul M. Buxbaum, president and chief executive
officer of the company, in a regulatory filing with the U.S.
Securities and Exchange Commission on December 11, 2015.

At December 31, 2014, the company had total assets of $44,296,000,
total liabilities of $49,563,000 and total stockholders' deficit of
$5,267,000.

For the year ended December 31, 2014, the company posted a net loss
of $28,763,000 as compared with a net loss of $16,040,000 for the
year ended December 31, 2013.

A full-text copy of the company's annual report is available for
free at: http://tinyurl.com/j6hkwf8

New York-based Hampshire Group, Limited is a provider of fashion
apparel across a broad range of product categories, channels of
distribution and price points.  As a holding company, the company
operates through its wholly-owned subsidiaries, Hampshire Brands,
Inc. (Hampshire Brands), Hampshire International, LLC
(International) and Rio Garment S.A (Rio).  The company sold Rio's
shares of stock to a buying group headed by a former executive
officer of Hampshire for $6.0 million in 2015.


HAVERHILL CHEMICALS: Has Deal with BofA on 9th Amended Budget
-------------------------------------------------------------
Haverhill Chemicals LLC on Jan. 22, 2016, submitted an agreement
with Bank of America, N.A., as administrative agent, on a ninth
amended budget for the use of cash collateral.  The budget covers
the period Sept. 27, 2015 through Jan. 31, 2016.  A copy of the
ninth amended budget is available for free at:

   http://bankrupt.com/misc/Haverhill_C_229_BofA_9th_Cash.pdf

According to the budget, costs related to business operations and
the Chapter 11 proceedings, including professional fees, total
$58,000 for the week ended Jan. 31.

                     About Haverhill Chemicals

Haverhill Chemicals LLC owns and operated a chemical plant in
Haverhill, Ohio, to produce Phenol, Acetone, Bisphenol A (BPA) and
Alpha-Methylstyrene ("AMS") for sale to customers.  The chemicals
are used to manufacture a wide variety of chemical intermediates,
including phenolic resins, paint, varnishes, pharmaceuticals, film,
epoxy resins, flame retardants, coatings and heat resistance of
polystyrene.

Haverhill Chemicals filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Tex. Case No. 15-34918) on Sept. 18, 2015, with a deal to sell
its Haverhill plant to ALTIVIA Petrochemicals, LLC, for $3 million,
subject to higher or better bids.

The Debtor estimated assets of $1 million to $10 million and
liabilities of $100 million to $500 million.

The petition was signed by Paul Deputy, the chief financial
officer.   The case is assigned to Judge Marvin Isgur.

Diamond McCarthy LLP serves as the Debtor's counsel.

On Sept. 29, 2015, the U.S. trustee overseeing the Debtor's Chapter
11 case appointed Marathon Petroleum Company LP, Pritchard Electric
Co., and CB&I Stone & Webster Construction Inc. to serve on the
official committee of unsecured creditors.  The Committee is
represented by Gardere Wynne Sewell LLP.


HEALTHWAREHOUSE.COM INC: Renews Senior Secured Debt With Melrose
----------------------------------------------------------------
HealthWarehouse.com, Inc., announced a renewal of the Company's
Senior Secured Debt.

The Company is a party to a Loan and Security Agreement, dated as
of March 28, 2013, as amended on March 9, 2015, Sept. 8, 2015, and
Nov. 11, 2015, with Melrose Capital Advisors, LLC.  Under the terms
of the Loan Agreement, the Company borrowed an aggregate of
$1,000,000 from the Lender.  The Loan is evidenced by a promissory
note in the face amount of $1,000,000, as amended.  The principal
amount and all unpaid accrued interest on the Senior Note is
payable on Dec. 31, 2015, or earlier in the event of default or a
sale or liquidation of the Company.

"HealthWarehouse.com is keenly focused on executing its business
plan and moving in a positive direction.  The Company's recent
recognition in major national publications provides additional
validation of the business model," said Tim Reilly, Managing Member
of Melrose Capital.   "Moreover, with the recent appointment of Dan
Seliga as Chief Operating Officer and Chief Financial Officer, we
remain confident in the management team, board of directors and
strategic direction of the business."

Terms of the renewal from Melrose Capital extend the debt five
months to May 31, 2016.

"We are fortunate to have the continued support of a great partner
in Melrose Capital.  Their unwavering support has allowed the
Company to further expand on the opportunity to serve consumers who
pay out of pocket for their prescriptions," said Lalit Dhadphale,
president & CEO of HealthWarehouse.com.

                    About HealthWarehouse.com

HealthWarehouse.com, Inc., headquartered in Florence, Kentucky,
is a U.S. licensed virtual retail pharmacy ("VRP") and healthcare
e-commerce company that sells brand name and generic prescription
drugs as well as over-the-counter medical products.

Healthwarehouse.com reported a net loss attributable to common
stockholders of $2.08 million on $6.12 million of net sales for the
year ended Dec. 31, 2014, compared with a net loss attributable to
common stockholders of $7.3 million on $10.23 million of net sales
in 2013.

Marcum LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2014, citing that the Company has incurred significant losses and
needs to raise additional funds to meet its obligations and sustain
its operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

As of Sept. 30, 2015, the Company had $1.06 million in total
assets, $4.78 million in total liabilities and total stockholders'
deficiency of $3.71 million.

                        Bankruptcy Warning

"The Company recognizes it will need to raise additional capital in
order to fund operations, meet its payment obligations and execute
its business plan.  There is no assurance that additional financing
will be available when needed or that management will be able to
obtain financing on terms acceptable to the Company and whether the
Company will become profitable and generate positive operating cash
flow.  If the Company is unable to raise sufficient additional
funds, it will have to develop and implement a plan to further
extend payables, attempt to extend note repayments, attempt to
negotiate the preferred stock redemption and reduce overhead until
sufficient additional capital is raised to support further
operations.  There can be no assurance that such a plan will be
successful.  If the Company is unable to obtain financing on a
timely basis, the Company could be forced to sell its assets,
discontinue its operation and /or seek reorganization under the
U.S. bankruptcy code," the Company states in the report for the
period ended Sept. 30, 2015.


HELLAS TELECOMMS: Cos. Want PE Row Over $565M Judgment Tossed
-------------------------------------------------------------
Jenna Ebersole at Bankruptcy Law360 reported that several private
equity-tied entities slammed by the trustee for Hellas
Telecommunications noteholders with a suit over a $565 million
judgment urged a New York federal court on Jan. 21, 2016, to
dismiss it, arguing that the complaint is defective and the claims
are likely more appropriate abroad.

The defendants said Wilmington Trust Co. has not sufficiently
argued for jurisdiction in New York and several claims are
time-barred.

                  About Hellas Telecommunications

In February 2007, Hellas Telecommunications was purchased from
TPG Capital LP and Apax Partners by the Italian telecommunications
giant Weather Group.  The Company later suffered liquidity
problems and commenced administration proceedings in the U.K. in
November 2009.  The administrators sold 100% of the shares of Wind
Hellas to the existing owners, the Weather Group.  An order
placing the Company into liquidation was entered on Dec. 1, 2011.

Andrew Lawrence Hosking and Carl Jackson, as Joint Liquidators
petitioned for the Chapter 15 protection for the Company (Bankr.
S.D.N.Y. Case No. 12-10631) on Feb. 16, 2012.  Mr. Jackson was
later succeeded by Simon James Bonney, and then recently by Bruce
Mackay.

Bankruptcy Judge Martin Glenn presides over the Chapter 15 case.

The Debtor estimated assets and debts of more than $100,000,000.
The Debtor did not file a list of creditors together with its
petition.

The Foreign Representatives commenced the lawsuit against various
entities, captioned as, Hosking v. TPG Capital Management, L.P.,
et al., No. 14-01848 (MG) (Bankr. S.D.N.Y. March 13, 2014).  TPG
is represented by Paul M. O'Connor, III, Esq., and Andrew K.
Glenn, Esq., at Kasowitz, Benson, Torres, & Friedman, LLP of New
York, NY.  APAX is represented by Robert S. Fischler, Esq., and
Stephen Moeller-Sally, Esq., at Ropes & Gray LLP of New York, NY.
TCW is presented by Wayne S. Flick, Esq., and Amy C. Quartarolo,
Esq., at Latham & Watkins LLP of Los Angeles, CA.  Nikesh Aurora
is represented by William F. Gray, Jr., Esq., and Alison D. Bauer,
Esq., at Torys LLP of New York, NY and Michael A. Sherman, Esq.,
at Stubbs Alderton & Markiles, LLP of Sherman Oaks, CA.

U.S. counsel to the Foreign Representatives as against all
Defendants except Deutsch Bank AG and Nikesh Arora are Howard
Seife, Esq., Thomas J. McCormack, Esq., Andrew Rosenblatt, Esq.,
and Marc D. Ashley, Esq., at Chadbourne & Parke LLP.

U.S. counsel to the Foreign Representatives as against Deutsch
Bank AG and Nikesh Arora are Alexander H. Schmidt, Esq., Alan
McDowell, Esq., and Jeremy Cohen, Esq., at Wolf Haldenstein Adler
Freeman & Herz LLP.


HONG KONG ENTERTAINMENT: U.S. Trustee Balks at First Day Motions
----------------------------------------------------------------
The U.S. Trustee for the District of the Commonwealth of the
Northern Mariana Islands objected to various first day motions
filed on Dec. 31, 2015, by Hong Kong Entertainment (Overseas)
Investment, Ltd.

According to the Trustee, with the exception of the Debtor's
application to employ as Chapter 11 counsel Timothy H. Bellas,
various first day motions are not supported with any admissible
evidence.

                   About Hong Kong Entertainment

Hong Kong Entertainment (Overseas) Investment, Ltd., filed a
Chapter 11 bankruptcy petition (Bankr. D. NMI Case No. 15-00006) on
Dec. 11, 2015.  The petition was signed by Chun Wai Chan as
chairman of the Board of Directors and president.  Timothy H.
Bellas, LLC represents the Debtor as counsel.  Judge Ramona V.
Manglona has been assigned the case.

The Debtor, in an amended schedules, disclosed total assets of
$55,213,814 and total liabilities of $273,462,659.  In its original
schedules, the Debtor disclosed total assets of $55,204,880 and
total liabilities of $258,482,942.


HYPNOTIC TAXI: Bank OK'd to Attach Real Estate Entities to Trusts
-----------------------------------------------------------------
In this proceeding, which was removed by Hypnotic Taxi LLC, et al.,
to the United States Bankruptcy Court for the Eastern District of
New York from the Supreme Court, New York County, Plaintiff
Citibank, N.A., the principal creditor of the debtors, seeks to
collect amounts owed to it from Defendant Evgeny Freidman,
guarantor of the debtors' obligations.

The motion presents two questions: (1) whether Citibank is entitled
to an order of attachment against Freidman's property, and (2)
whether an order of attachment to secure a judgment against
Freidman can attach property which Freidman transferred to four
trusts in June, 2015.

Freidman maintains that these transfers were for estate planning
purposes, while Citibank contends that the circumstances show that
the transfers were made to defraud creditors or to frustrate the
enforcement of a judgment that might be entered in Citibank's
favor. The timing of the transfers, the chronology of events
surrounding them, the testimony heard at the trial held on November
30, 2015, and the documentary evidence in the record, demonstrate
that these transfers were made with intent to defraud Freidman's
creditors or to frustrate a judgment that might be entered in
Citibank's favor.

In a Decision dated January 12, 2016, which is available at
http://is.gd/ytMaymfrom Leagle.com, Judge Carla E. Craig of the
United States Bankruptcy Court for the Eastern District of New York
lifted the stay, entered on November 19, 2015 of the order of
attachment entered on November 17, 2015, and Citibank is authorized
to attach the Real Estate Entities transferred by Freidman to the
Trusts.

The case is In re HYPNOTIC TAXI LLC, et al., Chapter 11, Debtors.
CITIBANK, N.A., Plaintiff, v. BOMBSHELL TAXI LLC, et al.,
Defendants, Case No. 15-43300 (CEC), Adv. Pro. No. 15-01185 (CEC).

Jantra Van Roy, Esq. -- jroy@zeklaw.com -- Robert Guttmann, Esq. --
rguttman@zeklaw.com -- & Nathan Schwed, Esq. -- nschwed@zeklaw.com
-- Zeichner Elleman & Krause LLP, New York, NY, Attorneys for
Plaintiff.

Brett A Berman, Esq. -- bberman@foxrothschild.com -- Fox Rothschild
LLP, Matthew S. Adams,  Esq. -- madams@foxrothschild.com -- Fox
Rothschild LLP & Hal L Baume, Esq., Esq. --
hbaume@foxrothschild.com -- Fox Rothschild LLP, Philadelphia, PA,
Attorneys for Defendants.

                     About Hypnotic Taxi

Hypnotic Taxi LLC and 21 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D.N.Y. Lead Case No. 15-43300) on
July 22, 2015.  The petition was signed by Evgeny Freidman as sole
and managing member.

Klestadt Winters Jureller Southard & Stevens LLP serves as the
Debtors' counsel.  Judge Carla E. Craig presides over the case.

The Debtors each own either two or three medallions issued by the
New York City Taxi and Limousine Commission that permit taxi
services to be performed by the Debtors.

Hypnotic Taxi LLC disclosed total assets of $1,941,314 and total
liabilities of $2,825,401 as of the Petition Date.

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


HYUN UM: Spokane Rock Wins Partial Summary Judgment
---------------------------------------------------
Spokane Rock 1, LLC, filed a Motion for Summary Judgment against
Debtors Hyun and Jin Um and Thomas and Patricia Price on SR 1's
Amended Complaint objecting to the discharge of the Debtors.

SR 1 objects to each of the Debtors' discharge under Sections
727(a)(2), (a)(3), (a)(4), and (a)(6)1 of the Bankruptcy Code.

Section 1141(d)(3) provides that the confirmation of a plan does
not discharge a debtor if: (A) the plan provides for the
liquidation of all or substantially all of the property of the
estate; (B) the debtor does not engage in business after
consummation of the plan; and (C) the debtor would be denied a
discharge under section 727(a) of this title if the case were a
case under chapter 7 of this title.

Judge Paul B. Snyder of the United States Bankruptcy Court for the
Western District of Washington, Tacoma, granted partial summary
judgment.  The court ruled that SR 1 has established the final
element of Section 1141(d)(3) as to Mr. Um, Mr. Price, and Ms.
Price, and is entitled to summary judgment on its claim for denial
of discharge in accordance with Section 1141(d)(3) and Section
727(a).

Since issues of material fact remain on SR 1's claims for denial of
discharge against Ms. Um under Section 1141(d)(3)(C), SR 1 is not
entitled to summary judgment against Ms. Um under Section
1141(d)(3)(C) or Section 727(a).

The adversary proceeding is SPOKANE ROCK I, LLC, Plaintiff, v. HYUN
J. UM and JIN S. UM, husband and wife, and THOMAS W. PRICE and
PATRICIA A. PRICE, husband and wife, Defendants, ADVERSARY NO.
14-04311 (Bankr. D. Wash.).

The bankruptcy cases are captioned In re: HYUN J. UM and JIN S. UM,
Debtors. In re: THOMAS W. PRICE and PATRICIA A. PRICE, Debtors,
CASE NOS. 10-46731, 10-46732 (Bankr. W.D. Wash.).

A full-text of the Memorandum Decision is available at
http://is.gd/FcoVTWfrom Leagle.com.  

Spokane Rock I, LLC, Plaintiff, represented by: Charles R Ekberg,
Esq. -- ekbergc@lanepowell.com -- Lane Powell PC, Laura
Marquez-Garrett, Esq. -- garrettl@lanepowell.com -- Lane Powell
PC.

Hyun J Um, Defendant, represented by Steven J Reilly, Esq. --
steven@thetracylawgroup.com -- The Tracy Law Group PLLC, J Todd
Tracy, Esq. -- todd@thetracylawgroup.com -- The Tracy Law Group
PLLC

                About Hyun J. Um and Jin S. Um

Tacoma, Washington-based Hyun J. Um and Jin S. Um filed for
Chapter 11 protection on August 17, 2010 Bankr. W.D. Wash. Case
No. 10-41789).  The Debtors disclosed $2,249,284 in assets and
$347,838,987 in liabilities as of the Petition Date.


IMEDICOR INC: Cross Fernandez Expresses Going Concern Doubt
-----------------------------------------------------------
Cross, Fernandez & Riley, LLP, in a letter to the board of
directors and stockholders of iMedicor, Inc. dated November 24,
2015, expressed substantial doubt about the company's ability to
continue as a going concern.  The firm audited the consolidated
balance sheet of the company as of June 30, 2014, and the related
consolidated statements of operations, stockholders' deficit, and
cash flows for the year then ended.

Cross Fernandez related that the company has suffered recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going
concern.

For the year ended June 30, 2014, the company generated net income
of $1,953,054 but otherwise it has incurred operating losses to
date and would have had a net loss of $3,092,874 for the year ended
June 30, 2014 without the noncash gain from the change in fair
value of derivatives of $5,045,928.  The company has an accumulated
deficit, total stockholders' deficit and net working capital
deficit of $54,264,291, $9,621,435 and $4,548,165 at June 30, 2014,
respectively.  

"The company's activities have been primarily financed through
convertible debentures, and private placements of equity
securities.  The company intends to raise additional capital
through the issuance of debt or equity securities to fund its
operations.  The financing may not be available on terms
satisfactory to the company, if at all," disclosed the company's
chief executive officer Robert McDermott, director and chairman of
the board JD Smith, chief financial officer Don Sproat, and
directors Jeff Stellinga and Joey Guerra in a regulatory filing
with the U.S. Securities and Exchange Commission on December 9,
2015.  "In light of these matters, there is substantial doubt that
the company will be able to continue as a going concern."

"While we believe in the viability of our strategy to increase
revenues and in our ability to raise additional funds, there can be
no assurances to that effect.  Our ability to continue as a going
concern is ultimately dependent upon our ability to continually
increase our customer base and realize increased revenues from
recently signed contracts and obtain capital on acceptable terms,"
the officers told the SEC.

At June 30, 2014, the company had total assets of $1,723,520, total
liabilities of $11,344,955 and total stockholders' deficit of
$9,621,435.

The company posted a net income of $1,953,054 for the year ended
June 30, 2014 as compared with a net loss of $8,230,466 for the
year ended June 30, 2013.

A full-text copy of the company's annual report is available for
free at: http://tinyurl.com/hynj5lv

Windermere, Florida-based iMedicor, Inc. builds cloud based
software, healthcare records capture, storage, retrieval, transport
and security related products.  The company's focus presently is on
three different revenue streams: (1) iMedicor's cloud-based
exchange, the iCoreExchange, which allows physicians, patients and
other members of the healthcare community to exchange
patient-specific healthcare information securely via the internet,
while maintaining compliance with all current Health Insurance
Portability and Accountability Act (HIPAA) regulations, (2)
Customized EHR platform technology that is specifically tailored to
provide specialized medical practices with a technology that
conforms to workflows of that particular medical discipline such as
ophthalmology, dentistry, orthopedic and other specialty practices,
and (3) iMedicor has developed a Meaningful Use Consulting Division
assisting both medical and dental healthcare providers becoming
"Meaningful Use" compliant to ultimately qualify for federal
incentive funds under the Federal Meaningful Use Incentive Funds
Program.  



INTERNATIONAL SUPPLY: Reports Total Assets of $11.2 Million
-----------------------------------------------------------
International Supply Co. filed with the U.S. Bankruptcy Court for
the Central District of Illinois its schedules of assets and
liabilities, disclosing:

   Name of Schedule                   Assets       Liabilities
   ----------------                   ------       -----------
A. Real Property                  $3,058,723                       
   
B. Personal Property              $8,182,435
C. Property Claimed as Exempt
D. Creditors Holding
   Secured Claims                                  $11,848,648
E. Creditors Holding Unsecured
   Priority Claims                                    $123,737
F. Creditors Holding Unsecured
   Non-priority Claims                              $4,294,405
                                  -----------      -----------
TOTAL                             $11,241,158      $16,266,790

A copy of the company's schedules of assets and liabilities is
available at http://is.gd/KD1sfr

                   About International Supply

International Supply Co. commenced bankruptcy proceedings under
Chapter 11 of the U.S. Bankruptcy Code in Central District of
Illinois (Case No. 15-81467) on September 24, 2015.

The Debtor's primary line of business is integration services and
machinery for power generation systems throughout the country.

The Debtor has tapped Sumner Bourne, Esq., as its counsel.  Judge
Thomas L. Perkins has been assigned the case.

The Office of the U.S. Trustee appointed six creditors to the
official committee of unsecured creditors.  The committee is
represented by Goldstein & McClintock LLLP.


ISIGN SOLUTIONS: Effects 1-for-1,250 Reverse Common Stock Split
---------------------------------------------------------------
iSign Solutions Inc., held its special meeting of stockholders  on

Jan. 20, 2016, at which the Company's stockholders:

    (i) approved an amendment to the Company's Amended and
        Restated Certificate of Incorporation to effect a reverse
        stock split of the Company's outstanding shares of common
        stock in a range of not less than 1-for-750 and not more
        than 1-for-1,250;

   (ii) approved amendments to each of the certificate of
        designation for each series of the Company's preferred
        stock to, among other things, (a) automatically convert    

        the respective series of the Company's preferred stock
        into shares of common stock upon the closing of a firm-
        commitment underwritten public offering of shares the
        Company's common stock at a price per share of not less   

        than $4.00 which provides at least $8 million in gross
        proceeds to the Company and (b) reduce the conversion
        price of the respective series of the Company's preferred
        stock; and

  (iii) approved a Second Amended and Restated Certificate of
        Incorporation which will integrate the then-in-effect
        provisions of the Company's Amended and Restated
        Certificate of Incorporation and further amend those
        provisions by, among other things, decreasing the
        Company's authorized common stock and preferred stock.

A copy of the Certificate of Amendment to the Company's Amended and
Restated Certificate of Incorporation filed with Secretary of State
of the State of Delaware on Jan. 21, 2016, is available for free at
http://is.gd/B3ETNn

On Jan. 21, 2016, iSign filed a Certificate of Amendment to its
Amended and Restated Certificate of Incorporation with the
Secretary of State of the State of Delaware to effect a 1-for-1,250
reverse split of the Company's outstanding shares of common stock.
The reverse split became effective on Jan. 22, 2016.

The Company's common stock began trading on the OTCQB on a
post-reverse split basis on Jan. 22, 2016.  Immediately following
the effectiveness of the reverse split of the Company's outstanding
shares of common stock, there were 187,246 shares of common stock
issued and outstanding.  The new CUSIP number for the Company's
post reverse split common stock is 46436A 203.

                          ABOUT iSIGN

iSIGN (formerly known as Communication Intelligence Corporation or
CIC) is a provider of digital transaction management (DTM) software
enabling fully digital (paperless) business processes. iSIGN's
solutions encompass a wide array of functionality and services,
including electronic signatures, simple-to-complex workflow
management and various options for biometric authentication.  These
solutions are available across virtually all enterprise, desktop
and mobile environments as a seamlessly integrated software
platform for both ad-hoc and fully automated transactions.  iSIGN's
software platform can be deployed both on-premise and as a
cloud-based service, with the ability to easily transition between
deployment models.  iSIGN is headquartered in Silicon Valley.  For
more information, please visit the Company's Web site at
www.isignnow.com.  iSIGN's logo is a trademark of iSIGN.

As of Sept. 30, 2015, Communication Intelligence had $1.36 million
in total assets, $2.28 million in total liabilities and a $924,000
total deficit.

Communication Intelligence has incurred significant cumulative
losses since its inception and, at June 30, 2015, the Company's
accumulated deficit was $125,231,000.  The Company has primarily
met its working capital needs through the sale of debt and equity
securities.  As of June 30, 2015, the Company's cash balance was
$409,000.  The Company said these factors raise substantial doubt
about its ability to continue as a going concern.


KSL MEDIA: Suit Against Landau Gottfried Remanded to Bankr. Court
-----------------------------------------------------------------
Defendants Rodger M. Landau and Landau Gottfried & Berger LLP filed
a motion to withdraw the reference of an adversary proceeding to
the United States Bankruptcy Court for the Central District of
California.  Plaintiff David Gottlieb, as Chapter 7 trustee of KSL
Media, Inc., T.V. 10's LLC, and Fulcrum 5, Inc., timely filed his
opposition.  The Defendants timely filed their Reply.

The Defendants seek withdrawal of the Adversary Proceeding's
referral to bankruptcy court on two main grounds.  Invoking
mandatory withdrawal, the Defendants argue that the Court must
withdraw the reference because the Defendants have a right to a
jury trial on the Plaintiff's claims for professional negligence,
breach of fiduciary duty, and breach of contract and the
Plaintiff's claim for Constructively Fraudulent Transfer of the
Pre-Petition Fees and Defendants do not consent to a jury trial in
bankruptcy court.

The Plaintiff does not dispute, and thus appears to concede, that
the Defendants have a right to a jury trial on the Plaintiff's
Malpractice and Fraudulent Transfer Claims.

In an Order dated January 6, 2016, which is available at
http://is.gd/pZBej6from Leagle.com, Judge Andre Birotte of the
United States District Court for the Central District of California
denied the Motion to Withdraw Reference without prejudice to
renewal if and when the case is ready for trial.  Judge Birotte
remanded the case to the bankruptcy court.

The case is In re: KSL MEDIA, INC., T.V. 10's, LLC and FULCRUM 5,
INC., Chapter 7, Debtors. [] Affects KSL Media, Inc. [] Affects
T.V. 10's, LLC X Affects Fulcrum 5, Inc., X Affects all Debtors.
DAVID K. GOTTLIEB, as Chapter 7 Trustee for KSL Media, Inc.; DAVID
K. GOTTLIEB, as Chapter 7 Trustee for T.V. 10's, LLC; and DAVID K.
GOTTLIEB, as Chapter 7 Trustee for Fulcrum 5, Inc. Plaintiffs, v.
RODGER M. LANDAU and LANDAU GOTTFRIED & BERGER LLP, Defendants,
Case Nos. CV 15-08748-AB, BK 13-15929-MB, No. 13-15930-MB., BK
13-15931-MB, Adv. No. AP 15-01212-GM.

David K Gottlieb, as Chapter 7 Trustee, Plaintiff, is represented
by Eric Roy Wilson, Esq.-- ewilson@kelleydrye.com -- Kelley Drye
and Warren LLP & William S Gyves, Esq. -- wgyves@kelleydrye.com --
Kelley Drye and Warren LLP.

Defendants are represented by John W Sheller, Esq. --
jsheller@hinshawlaw.com -- Hinshaw and Culbertson LLP, Peter
Lindsey Isola, Esq. -- pisola@hinshawlaw.com -- Hinshaw and
Culbertson LLP & Travis R Wall, Esq. -- twall@hinshawlaw.com --
Hinshaw & Culbertson LLP.

                         About KSL Media

One of the largest independent media-buying firms in the United
States, KSL Media Inc., and two affiliates filed for Chapter 11
protection on Sept. 11, 2013, in Central California, driven to
bankruptcy after losing a major account and claiming it was the
victim of an alleged multimillion-dollar embezzlement scheme it
blamed on its former controller.

According to the bankruptcy declaration from current controller
Janet Miller-Allen, the company's former controller Geoffrey
Charness is the subject of an FBI investigation connected to an
alleged scheme to dump $140 million from the company's accounts.

The lead case is Case No. 13-15929 (Bankr. C.D. Calif.) before
Judge Alan M. Ahart.

The Debtors are represented by Rodger M. Landau, Esq., and Monica
Rieder, Esq., at Landau Gottfried & Berger, LLP, in Los Angeles,
California.  The Debtors' accountant is Grobstein Teeple Financial
Advisory Services LLP.  The Debtors disclosed $34,652,932 in
assets and $64,946,225 in liabilities as of the Chapter 11 filing.


LIQUID HOLDINGS: Files Chapter 11 Bankruptcy Petition
-----------------------------------------------------
Liquid Holdings Group, Inc., a SaaS provider of investment
management solutions for the buy side, on Jan. 28 disclosed that it
and its subsidiary Liquid Prime Holdings, LLC, each filed a
voluntary petition in the United States Bankruptcy Court for the
District of Delaware seeking relief under the provisions of Chapter
11 of the United States Bankruptcy Code.  The Company believes the
Chapter 11 process will provide the greatest flexibility to pursue
viable options for asset sales or other alternatives.

Liquid will continue to operate the business as a
debtor-in-possession in its Chapter 11 case.  The Company has filed
a series of first-day motions with the Court that will allow it to
continue to conduct business without interruption.  These motions
are designed primarily to minimize the impact on the Company's
operations, customers and employees.

The Company's counsel in Chapter 11 is Blank Rome LLP.  The Company
has engaged Carl Marks Advisory Group, LLC as its bankruptcy
financial advisor and SenaHill Advisors, LLC as its investment
banker.

                  About Liquid Holdings Group

Liquid Holdings Group, Inc. (otc pink:LIQD) --
http://www.liquidholdings.com-- is a SaaS provider of investment
management solutions to the buy side.  The Liquid platform combines
multi-asset order, execution and risk management with shadow NAV
and investor reporting capabilities.  Liquid goes a step further,
backing its mission-critical front-office capabilities with managed
services to transform manually intensive middle-office processes
into an automated, seamless experience.  The Company offers the
Liquid platform or any of its components on a subscription basis to
hedge fund managers, asset managers, family offices and financial
institutions worldwide.

Liquid was named Best EMS and Best New Cloud Application by HFM,
2014 Best Global Risk Management Software Company and Best USA
Global Risk Management Software Company by the readers of
Hedgeweek, as well as 2014 Best Cloud Provider and Best Fin Tech
Operations Startup by FTF News.

Headquartered in Hoboken, New Jersey, Liquid Holdings Group was
formed in 2012.


LONESTAR GEOPHYSICAL: Can Use Frontier Cash Collateral Until Feb.
-----------------------------------------------------------------
U.S. Bankruptcy Judge Sarah A. Hall has authorized LoneStar
Geophysical Surveys, LLC, to access the cash collateral of Frontier
State Bank, through Feb. 28, 2016, in accordance with a budget.
All objections to the motion are overruled.

Judge Hall also orders that the Debtor will not use cash collateral
if such use shall cause cash on hand of the Debtor to be less than
$50,000.  

As adequate protection, Frontier State Bank is granted a
replacement lien in all of the Debtor’s post-petition cash
collateral and real and personal property.

Frontier Savings Bank (FSB) has earlier filed an objection to the
cash collateral motion.  While FSB previously consented to use of
its cash collateral, FSB made this decision prior to the filing of
the November MOR and the disclosure of the Debtor’s precarious
cash position.

Upon review of the November MOR, counsel for FSB contacted counsel
for the Debtor to ask for an explanation of how the Debtor would be
able to proceed without cash.  While counsel for the Debtor agreed
to provide FSB with an explanation, one has not yet been provided
to FSB.  Accordingly, unless and until the Debtor provides a
satisfactory explanation of the Debtor’s anticipated income, the
timing of any such income, and the source of such income, FSB
cannot consent to use of its (nearly depleted) cash collateral.

FSB is represented by:

        Crowe & Dunlevy
        William H. Hoch III, Esq.
        Christopher Staine, Esq.
        324 N. Robinson Ave., Suite 100
        Oklahoma City, OK 73102-8273
        Tel: (405) 235-7700
        Fax: (405) 239-6651

                   About LoneStar Geophysical

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

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

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


LONG RUN: Forbearance Agreement Extended to Jan. 29
---------------------------------------------------
Long Run Exploration Ltd. on Jan. 25 disclosed that it has entered
into an extension to the interim forbearance and amending agreement
to its credit agreement with its lending syndicate.  The extension
of the forbearance relief from January 22, 2016 to January 29, 2016
reflects the progress made to date in documenting the amendments to
Long Run's credit facilities, which is a pre-condition to the
implementation of the plan of arrangement announced on December 21,
2015.  Long Run expects that such amendments will be executed by
the end of the forbearance period.

Long Run and the purchaser continue to work together toward the
completion of the Arrangement for the benefit of all stakeholders.
The forbearance extension has no impact on the anticipated closing
of the Arrangement in April 2016.

As a term of the forbearance extension, the credit agreement has
been amended to restrict the Company from making any payment of
interest on its outstanding 6.40% convertible unsecured subordinate
debentures without the prior written consent of its Lenders.  As a
result, the semi-annual interest payment on the Debentures payable
February 1, 2016 will be required to be deferred.  However, this
interest will be paid on closing of the Arrangement in connection
with the acquisition of the Debentures, together with all other
accrued and unpaid interest on the Debentures, in accordance with
the Arrangement.  The Toronto Stock Exchange has advised the
Company that the Debentures, when they commence trading on January
26, 2016, will trade on an interest flat basis until further
notice.  The TSX has advised that it will not report accrued
interest regarding any trades made on an interest flat basis to its
participating organizations.

The Company's Board of Directors and Management continue to believe
that pursuing the Arrangement is in the best interest of Long Run
and its stakeholders.

Long Run Exploration Ltd. -- http://www.longrunexploration.com/--
is a Canada-based intermediate oil and natural gas company.  The
Company is engaged in development, exploration and production of
crude oil and natural gas in the Western Canadian Sedimentary
Basin.


LYONDELL CHEMICAL: Court Dismisses Count 4 of Suit vs. Blavatnik
----------------------------------------------------------------
Edward S. Weisfelner, the trustee of the LB Litigation Trust,
asserts a total of 21 claims against the defendants Leonard
Blavatnik, et al., in an adversary proceeding.  The 21 claims
variously charge breaches of fiduciary duty; the aiding and
abetting of those alleged breaches; intentional and constructive
fraudulent conveyances, unlawful dividends, and a host of
additional bases for recovery under state law, the Bankruptcy Code,
and the laws of Luxembourg, under which several of the Basell
entities were organized. The Complaint also seeks to equitably
subordinate defendants' claims that might otherwise be allowed.

The Trustee's Complaint, in turn, engendered a large number of
motions to dismiss.  This is one of several opinions ruling on
those motions -- here, the motion to dismiss Count 4, charging that
Merger-related payments to Lyondell's Pre-Merger Directors and
Pre-Merger Officers (the "Pre-Merger Ds & Os") were intentional
fraudulent transfers.

In a Decision and Order dated January 4, 2016, which is available
at http://is.gd/TqxQvtfrom Leagle.com, Judge Robert E. Gerber of
the United States Bankruptcy Court for the Southern District of New
York granted the Pre-Merger Ds & Os' motions to dismiss Count 4 of
the Complaint and the intentional fraudulent conveyance claims
against them.

In deciding these motions, the Court does not write on a clean
slate.  It issued two earlier decisions dismissing other
intentional fraudulent transfer claims -- there, in actions against
Lyondell's former shareholders.  Though the sums that were sought
differed, the allegations supporting the requisite scienter in each
largely overlapped with those here -- particularly those as to the
alleged conduct of the Pre-Merger Officers in fabricating certain
refreshed projections to support the $48 per share Merger price,
and of Pre-Merger Directors in sanctioning the refreshed
projections, Judge Gerber ruled.

While fully recognizing the seriousness of the allegations against
some of the Pre-Merger Ds & Os particularly Lyondell CEO Dan Smith
and well understanding their relevance to claims for breach of
fiduciary duty and fraud -- the Court does not see these
allegations as supporting claims for intentional fraudulent
transfers, Judge Gerber held.

The adversary proceeding is EDWARD S. WEISFELNER, AS LITIGATION
TRUSTEE OF THE LB LITIGATION TRUST, Plaintiff, v. LEONARD
BLAVATNIK, et al., Defendants, Adversary Proceeding No. 09-1375
(REG)(Bankr. S.D.N.Y.).

The case is In re: LYONDELL CHEMICAL COMPANY, et al., Chapter 11
Debtors, No. 09-10023 (REG) (Jointly Administered)(Bankr.
S.D.N.Y.).

Edward S. Weisfelner, as Litigation Trustee of the LB Litigation
Trust, Plaintiff, is represented by Sigmund S. Wissner-Gross,  Esq.
-- swissnergross@brownrudnick.com -- Brown Rudnick, LLP.

Blavatnik, Defendant, is represented by Nicholas Calamari, Esq. --
1/0 Capital, LLC, Benjamin Finestone, Esq. --
benjaminfinestone@quinnemanuel.com -- Quinn Emanuel Urquhart &
Sullivan, LLP, Whitman L. Holt, Esq. -- wholt@ktbslaw.com -- Klee,
Tuchin, Bogdanoff & Stern LLP, Susheel Kirpalani, Esq. --
susheelkirpalani@quinnemanuel.com -- Quinn Emanuel Urquhart &
Sullivan LLP, Rex Lee, Esq. -- rex.lee@quinnemanuel.com -- Quinn
Emanuel Urquhart Oliver & Hedges, LLP, Frances S. Lewis, Esq. --
frances.lewis@quinnemanuel.com -- Quinn Emanuel Urquhart &
Sullivan, LLP, Andrew J. Rossman, Esq. --
andrew.rossman@quinnemanuel.com -- Quinn Emanuel Urquhart &
Sullivan, LLP, Alex J.B. Rossmiller, Esq. --
alex.rossmiller@quinnemanuel.com -- Quinn Emanuel Urquhart &
Sullivan, Sarah L Rubin, Esq. -- Barrasso Usdin Kupperman Freeman &
Sarver, L.L.C., Katherine Scherling, Esq. --
katherine.scherling@quinnemanuel.com -- Quinn Emanuel Urquhart &
Sullivan, LLP, Richard I. Werder, Esq. --
richard.werder@quinnemanuel.com -- Quinn Emanuel Urquhart &
Sullivan LLP.

                          Lyondell Chemical

LyondellBasell Industries is one of the world's largest polymers,
petrochemicals and fuels companies.  Luxembourg-based Basell AF
and Lyondell Chemical Company merged operations in 2007 to form
LyondellBasell Industries, the world's third largest independent
chemical company.  LyondellBasell became saddled with debt as
part of the US$12.7 billion merger.  Len Blavatnik's Access
Industries owned the Company prior to its bankruptcy filing.

On Jan. 6, 2009, LyondellBasell Industries' U.S. operations,
led by Lyondell Chemical Co., and one of its European holding
companies -- Basell Germany Holdings GmbH -- filed voluntary
petitions to reorganize under Chapter 11 of the U.S. Bankruptcy
Code to facilitate a restructuring of the company's debts.  The
case is In re Lyondell Chemical Company, et al., Bankr. S.D.N.Y.
Lead Case No. 09-10023).  Seventy-nine Lyondell entities filed
for Chapter 11.  Luxembourg-based LyondellBasell Industries AF
S.C.A. and another affiliate were voluntarily added to Lyondell
Chemical's reorganization filing under Chapter 11 protection on
April 24, 2009.

Deryck A. Palmer, Esq., at Cadwalader, Wickersham & Taft LLP, in
New York, served as the Debtors' bankruptcy counsel.  Evercore
Partners served as financial advisors, and Alix Partners and its
subsidiary AP Services LLC, served as restructuring advisors.
AlixPartners' Kevin M. McShea acted as the Debtors' Chief
Restructuring Officer.  Clifford Chance LLP served as
restructuring advisors to the European entities.

LyondellBasell emerged from Chapter 11 bankruptcy protection in
May 2010, with a plan that provides the Company with US$3 billion
of opening liquidity.  A new parent company, LyondellBasell
Industries N.V., incorporated in the Netherlands, is the
successor of the former parent company, LyondellBasell Industries
AF S.C.A., a Luxembourg company that is no longer part of
LyondellBasell.  LyondellBasell Industries N.V. owns and operates
substantially the same businesses as the previous parent company,
including subsidiaries that were not involved in the bankruptcy
cases.  LyondellBasell's corporate seat is Rotterdam,
Netherlands, with administrative offices in Houston and
Rotterdam.


MICHAEL KING FOUNDATION: Case Summary & 4 Top Unsecured Creditors
-----------------------------------------------------------------
Debtor: The Michael King Smith Foundation
        1271 NE Hwy 99W, PMB 502
        McMinnville, OR 97128

Case No.: 16-30233

Type of Business: Business Trust

Chapter 11 Petition Date: January 26, 2016

Court: United States Bankruptcy Court
       District of Oregon

Judge: Hon. Randall L. Dunn

Debtor's Counsel: Nicholas J Henderson, Esq.
                  MOTSCHENBACHER & BLATTNER, LLP
                  117 SW Taylor Street, Ste 300
                  Portland, OR 97204
                  Tel: 503-417-0500
                  Fax: 503-417-0501
                  Email: nhenderson@portlaw.com

Estimated Assets: $100 million to $500 million

Estimated Debts: $1 million to $10 million

The petition was signed by Lisa Anderson, trustee.

List of Debtor's four Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Century Aviation                  Services Rendered      $20,052
3908 Airport Way
East Wenatchee,
WA 98802

Colin Powers                      Services Rendered       $2,607
PO Box 1812
La Pine, OR 97739

K&L Gates                         Services Rendered       $9,876
1 SW Columbia Street
Suite 1900
Portland, OR 97258

Miller Nash                       Services Rendered       $1,504
111 SW Fifth Avenue
Suite 3400
Portland, OR 97204


MIDSTATES PETROLEUM: R/C IV Eagle Reports 24% Stake as of Jan. 22
-----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, R/C IV Eagle Holdings, L.P., Riverstone/Carlyle Energy
Partners IV, L.P. and R/C Energy GP IV, LLC disclosed that as of
Jan. 22, 2016, they beneficially own 2,626,686 shares of common
stock of Midstates Petroleum Company, Inc., representing 24.2
percent of the shares outstanding.  A copy of the regulatory filing
is available for free at http://is.gd/nT6KcJ

                 About Midstates Petroleum Company

Midstates Petroleum Company, Inc. --
http://www.midstatespetroleum.com/-- is an independent exploration
and production company focused on the application of modern
drilling and completion techniques in oil and liquids-rich basins
in the onshore U.S. Midstates' drilling and completion efforts are
currently focused in the Mississippian Lime oil play in Oklahoma
and Anadarko Basin in Texas and Oklahoma.  The Company's operations
also include the upper Gulf Coast tertiary trend in central
Louisiana.

Midstates reported net income of $117 million on $794 million of
total revenues for the year ended Dec. 31, 2014, compared to a net
loss of $344 million on $470 million of total revenues for the year
ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $2.47 billion in total assets,
$2 billion in total liabilities and $466 million in total
stockholders' equity.

The Company's independent auditor, Deloittee & Touche LLP, in
Houston, Texas, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that Midstates' projected debt covenant violation and
resulting lack of liquidity raise substantial doubt about its
ability to continue as a going concern.

                             *    *    *

Midstates Petroleum carries a 'B' corporate credit rating from
Standard & Poor's Ratings Services.

As reported by the TCR on April 8, 2013, Moody's Investors Service
affirmed Midstates Petroleum's 'B3' Corporate Family Rating.


MILAGRO OIL: Has Until Feb. 10 to Decide on Unexpired Leases
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware extended
until Feb. 10, 2016, Milagro Holdings, LLC, et al.'s time to assume
or reject unexpired leases of non-residential property.

Justin P. Duda, Esq., at Young Conaway Stargatt & Taylor, LLP,
co-counsel to the Debtors, submitted a certificate of no objection
to the motion.

The Debtors explained that the lessors and counterparties to the
Unexpired Leases will not be prejudiced by the relief requested
because the lessors and counterparties are receiving timely payment
of all undisputed rent, royalties and other payments coming due
under the unexpired leases after the Petition Date.

                          About Milagro Oil

Based in Houston, Texas, Milagro Oil & Gas, Inc. is an independent
oil and gas companies primarily engaged in the acquisition,
exploration, exploitation, development, production and sale of oil
and natural gas reserves.  Milagro's historic geographic focus has
been along the onshore Gulf Coast area, primarily in Texas,
Louisiana and Mississippi. Milagro has 1,200 wells in South Texas,
along the Gulf Coast and in Louisiana.

As of March 31, 2015, the book value of Milagro's total assets and
liabilities was approximately $390 million and $468 million,
respectively.  Milagro generated revenues of $153.1 million and
$23.5 million during the fiscal year ended Dec. 31, 2014 and the
three month period ended March 31, 2015, respectively.

On July 15, 2015, Milagro Oil & Gas, its parent Milagro Holdings,
LLC, and four affiliated entities each filed a voluntary petition
for relief under Chapter 11 of the United States Bankruptcy Code
in the United States Bankruptcy Court for the District of Delaware.
The cases are pending before the Honorable Kevin Gross and are
jointly administered under In re Milagro Holdings, Case No.
15-11520.

The Debtors tapped (i) Porter Hedges LLP as general counsel; (ii)
Young Conaway Stargatt & Taylor, LLP, as local counsel; (iii)
Zolfo Cooper, LLC, as restructuring advisors; and (iv) Prime Clerk
LLC as claims and noticing agent.

Noteholders that are parties to the RSA have tapped (i) Akin Gump
Strauss Hauer & Feld LLP, as legal counsel, (ii) Richards,
Layton & Finger, P.A., as Delaware legal counsel, and (iii)
Blackstone Advisory Partners L.P., as financial advisor.  Balmoral
Advisory Services LLC serves as financial advisor and investment
banker.

                           *     *     *

Judge Kevin Gross on Oct. 8, 2015, confirmed the Debtors' Amended
Joint Plan of Reorganization.


MILAGRO OIL: Has Until Feb. 10 to Remove Causes of Action
---------------------------------------------------------
The Hon. Kevin Gross of the U.S. Bankruptcy Court for the District
of Delaware extended until Feb. 10, 2016, Milagro Holdings, LLC, et
al.'s time to file notices of removal of claims and causes of
action related to the Debtors' chapter 11 proceedings.

Ian J. Bambrick, Esq., at Young Conaway Stargatt & Taylor,
co-counsel to the Debtors, submitted a certificate of no objection
to the motion.

The Debtors, in their motion, explained that they needed additional
time to fully investigate the actions to determine whether removal
is appropriate.  The Debtors have begun evaluating claims filed
against their estates, but the claims reconciliation process is
ongoing.

                          About Milagro Oil

Based in Houston, Texas, Milagro Oil & Gas, Inc. is an independent
oil and gas companies primarily engaged in the acquisition,
exploration, exploitation, development, production and sale of oil
and natural gas reserves.  Milagro's historic geographic focus has
been along the onshore Gulf Coast area, primarily in Texas,
Louisiana and Mississippi. Milagro has 1,200 wells in South Texas,
along the Gulf Coast and in Louisiana.

As of March 31, 2015, the book value of Milagro's total assets and
liabilities was approximately $390 million and $468 million,
respectively.  Milagro generated revenues of $153.1 million and
$23.5 million during the fiscal year ended Dec. 31, 2014 and the
three month period ended March 31, 2015, respectively.

On July 15, 2015, Milagro Oil & Gas, its parent Milagro Holdings,
LLC, and four affiliated entities each filed a voluntary petition
for relief under Chapter 11 of the United States Bankruptcy Code
in
the United States Bankruptcy Court for the District of Delaware.
The cases are pending before the Honorable Kevin Gross and are
jointly administered under In re Milagro Holdings, Case No.
15-11520.

The Debtors tapped (i) Porter Hedges LLP as general counsel; (ii)
Young Conaway Stargatt & Taylor, LLP, as local counsel; (iii)
Zolfo Cooper, LLC, as restructuring advisors; and (iv) Prime Clerk
LLC as claims and noticing agent.

Noteholders that are parties to the RSA have tapped (i) Akin Gump
Strauss Hauer & Feld LLP, as legal counsel, (ii) Richards,
Layton & Finger, P.A., as Delaware legal counsel, and (iii)
Blackstone Advisory Partners L.P., as financial advisor.  Balmoral
Advisory Services LLC serves as financial advisor and investment
banker.

                           *     *     *

Judge Kevin Gross on Oct. 8, 2015, confirmed the Debtors' Amended
Joint Plan of Reorganization.


MILLENNIUM LAB: Appeal from Confirmation Order Does to 3rd Cir.
---------------------------------------------------------------
Before the Court is the Opt-Out Lenders' motion to certify the
Court's order confirming Millennium Lab Holdings II, LLC, et al.'s
Prepackaged Joint Chapter 11 Plan of Reorganization directly to the
United States Court of Appeals for the Third Circuit.

While the Opt-Out Lenders assert multiple grounds for direct
certification, the crux of their argument is that this court's
approval of nonconsensual third party releases is contrary to at
least one other decision in this district and involves a matter of
"public importance," which warrants bypassing the normal appeals
process.  The Confirmation Order involves one question of law
requiring resolution of conflicting decisions.

In a Memorandum Opinion dated January 12, 2016 which, is available
at http://is.gd/xsbyMYfrom Leagle.com, Judge Laurie Selber
Silverstein of the United States Bankruptcy Court for the District
of Delaware certified the appeal to the United States Court of
Appeals for the Third Circuit.

The case is In re: MILLENNIUM LAB HOLDINGS II, LLC, et al., Chapter
11, Debtors, Case No. 15-12284 (LSS) Jointly Administered.

Millennium Lab Holdings II, LLC, Debtor, is represented by Ryan M.
Bartley, Esq. -- rbartley@ycst.com -- Young Conaway Stargatt &
Taylor, LLP, Anthony W. Clark, Esq. -- anthony.clark@skadden.com --
Skadden Arps Slate Meagher & Flom LLP, Raquelle L. Kaye, Esq. --
raquelle.kaye@skadden.com -- Skadden Arps Slate Meagher & Flom LLP,
Matthew N Kriegel, Esq. -- matthew.kriegel@skadden.com -- Skadden,
Arps, Slate, Meagher & Flom LLP, Jason M. Liberi, Esq. --
jason.liberi@skadden.com -- Skadden, Arps, Slate, Meagher & Flom
LLP, Pauline K. Morgan, Esq. -- pmorgan@ycst.com -- Young Conaway
Stargatt & Taylor, LLP, Felicia Gerber Perlman, Esq. --
felicia.perlman@skadden.com -- Skadden,Arps,Slate,Meagher&Floam
LLP, Kenneth S. Ziman, Esq. -- kenneth.ziman@skadden.com --
Skadden,Arps,Slate,Meagher&Flom LLP.

                    About Millennium Lab

Millennium Lab Holdings II, LLC, Millennium Health, LLC and
Rxante, LLC, providers of laboratory-based diagnostic testing
focused on drugs of abuse and clinical medication monitoring,
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
15-12284, 15-12285 and 15-12286, respectively) on Nov. 10, 2015.
The Debtors estimated assets in the range of $100 million to $500
million and liabilities of more than $1 billion.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP
as counsel; Young Conaway Stargatt & Taylor, LLP as conflicts
counsel; Lazard Freres & Co., LLC, as investment banker; Alvarez &
Marsal as financial advisor; and Prime Clerk LLC as claims and
noticing agent.

Judge Laurie Selber Silverstein has been assigned the case.


MOLYCORP INC: Judge Limits News Leak Hunt
-----------------------------------------
Jeff Montgomery at Bankruptcy Law360 reported that a Delaware
bankruptcy judge on Jan. 22, 2016, scaled back an order for
individual disclosures in a hunt for sources of news leaks about
Molycorp Inc.'s $1.9 billion bankruptcy, agreeing with Bloomberg
News objections that the original demand raised First Amendment
concerns.

Ruling from the bench after a brief hearing, U.S. Bankruptcy Judge
Christopher S. Sontchi also said Bloomberg could participate in
efforts to develop a compromise replacement for the sweeping
questionnaire that he approved earlier this month.

                       About Molycorp Inc.

Molycorp Inc. -- http://www.molycorp.com/-- is a global rare     
earths and rare metals producer.  Molycorp owns several prominent
rare earth processing facilities around the world.  It has a
workforce of 2,530 employees at locations on three continents.
Molycorp's Mountain Pass Rare Earth Facility in San Bernadino
County, California, is home to one of the world's largest and
richest deposits of rare earths.

Molycorp has corporate offices in the United States, Canada and
China.  CEO Geoffrey R. Bedford, and other senior management
members are located in Molycorp's corporate offices in Toronto,
Canada.  Other senior management members are located at its U.S.
corporate headquarters in Greenwood Village, Colorado.

Molycorp reported a net loss of $623 million in 2014, a net loss
of $377 million in 2013 and a net loss of $475 million in 2012.

As of March 31, 2015, the Company had $2.49 billion in total
assets, $1.78 billion in total liabilities and $709 million in
total stockholders' equity.

Molycorp and its North American subsidiaries, together with
certain of its non-operating subsidiaries outside of North
America, filed Chapter 11 voluntary petitions in Delaware (Bankr.
D. Del. Lead Case No. 15-11357) on June 25, 2015, after reaching
agreement with a group of lenders on a financial restructuring.
The Chapter 11 cases of Molycorp and 20 affiliated debts are
pending before Judge Christopher S. Sontchi.

The agreement provides for a financial restructuring of the
Company's $1.7 billion in debt and provides up to $225 million in
gross proceeds in new financing to support operations while the
Company completes negotiations with creditors.

The Company's operations outside of North America, with the
exception of non-operating companies in Luxembourg and Barbados,
are excluded from the filings.  Molycorp Rare Metals (Oklahoma),
LLC, with operations in Quapaw, Oklahoma, also is excluded from
the filings as it is not 100% owned by the Company.

Molycorp is being advised by the investment banking firm of Miller
Buckfire & Co. and is receiving financial advice from
AlixPartners, LLP.  Jones Day and Young, Conaway, Stargatt &
Taylor LLP act as legal counsel to the Company in this process.
Prime Clerk serves as claims and noticing agent.

Secured creditor Oaktree Capital Management L.P., consented to the
use of cash collateral and to extend postpetition financing.

On July 8, 2015, the U.S. trustee overseeing the Chapter 11 case
of Molycorp Inc. appointed eight creditors of the company to serve
on the official committee of unsecured creditors.


MONAKER GROUP: Appoints New CFO and COO for Next Phase of Growth
----------------------------------------------------------------
Monaker Group announced that Mr. Omar Jimenez has joined the
Company as chief financial officer and chief operating officer
effective on Jan. 21, 2016.  Mr. Jimenez has over 33 years of CFO
and senior executive experience in Public and Private Corporations
ranging from start-up to over $400 million in Revenues across
Travel & Hospitality, Real Estate and Insurance Industries.

Mr. Jimenez has held a variety of senior financial management
positions including CFO at EpiCenter Development, a real estate
developer with combined projects amounting to $6 billion, and
President & CFO at American Leisure Holdings, Inc., with listings
on the NASDAQ and London Stock Exchange focusing on leisure and
business travel, hospitality & hotels, call centers and real estate
development.  Mr. Jimenez also served as director of Operations for
US Installation Group, Inc., a selling and installation group for
The Home Depot, and CFO and VP of Onyx Group, Inc. a conglomerate
with 700 employees and annual revenues exceeding $400 million.

"Omar is an accomplished leader with extensive financial,
operational and business development experience," said William
Kerby, chief executive officer and chairman of the Board of Monaker
Group.  "Omar's outstanding track record in the Travel &
Hospitality industry and his experience with US Installation Group,
EpiCenter Development and American Leisure make him an ideal senior
executive to fulfill our Company's current and future needs.  We
are excited to have Omar join us as we launch the much anticipated
Next Trip platform, and become a significant player in the
Alternative Lodging space."

"Monaker Group's positioning and build of the Next Trip platform is
impressive, and I look forward to working with the team for
expected growth over the next several years," stated Mr. Omar
Jimenez.  "I am excited to have the opportunity to work with Bill
and the management team that they have assembled at Monaker.  I
believe this Company is at the forefront of innovation with what we
believe is the most comprehensive and advanced travel booking
engine.  I look forward to developing strategies with them to build
sustained value for stakeholders."

Monaker Group also announced the resignation of Adam Friedman, the
Company's chief financial officer.  Mr. Kerby added, "On behalf of
the Company's Board of Directors, management team and employees, I
want to thank Adam for his contributions, and effort building the
infrastructure of Monaker Group."  Mr. Friedman will assist the
Company, as needed, to assure a smooth transition.

Mr. Jimenez is a Certified Public Accountant (CPA), Chartered
Global Management Accountant (CGMA), a Member of the AICPA and
FICPA. Mr. Jimenez holds a B.B.A in Accounting and a B.B.A in
Finance from the University of Miami and an M.B.A from Florida
International University.

In connection with the appointment, the Company and Mr. Jimenez
entered into an employment agreement, dated Jan. 21, 2016, which
provides for a salary of $175,000 per year.

                        About Monaker Group

Monaker Group, Inc., formerly known as Next 1 Interactive, Inc., is
a digital media marketing company focusing on lifestyle enrichment
for consumers in the travel, home and employment sectors.  Core to
its marketing services are key elements including proprietary
video-centered technology and established partnerships that enhance
its reach.  Video is quickly becoming consumer's preferred method
of searching and educating themselves prior to purchases.
Monaker's video creation technology and film libraries combine to
create lifestyle video offerings that can be shared both to its
customers and through trusted distribution systems of its major
partners.  The end result is better engagement with consumers who
gain in-depth information on related products and services helping
to both inform and fulfill purchases.  Unlike traditional marketing
companies that simply charge for advertising creation, Monaker
holds licenses and/or expertise in the travel, real estate and
employment sectors allowing it to capture fees at the point of
purchase while the majority of transactions are handled by
Monaker's partners.  This should allow the company to capture
greater revenues while eliminating much of the typical overhead
associated with fulfillment.  Monaker core holdings include
Maupintour, NameYourFee.com, RealBiz Media Group - helping it to
deliver marketing solutions to consumers at home, work and play.

Next 1 Interactive reported a net loss of $50,500 on $1.1 million
of total revenue for the year ended Feb. 28, 2015, compared with a
net loss of $18.3 million on $1.5 million of total revenues for the
year ended Feb. 28, 2014.

As of Nov. 30, 2015, the Company had $6.94 million in total assets,
$9.88 million in total liabilities and a total stockholders'
deficit of $2.94 million.

D'Arelli Pruzansky, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Feb. 28, 2015, citing that the Company has incurred
an operating loss of $5.44 million and net cash used in operations
of $2.62 million for the year ended Feb. 28, 2015, and the Company
had an accumulated deficit of $86.1 million and a working capital
deficit of $12.8 million at Feb. 28, 2015.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


NEW GULF RESOURCES: Wants to Assume Backstop Note Purchase Deal
---------------------------------------------------------------
New Gulf Resources, LLC, and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Delaware to authorize their
assumption of a backstop note purchase agreement.

The Debtors relate that two core elements of their Chapter 11 cases
are the raising of new capital through a rights offering and the
conversion of necessary debtor-in-possession financing into
flexible exit financing.  They further relate that neither of these
features are possible without the Backstop Note Purchase Agreement,
entered into by the Debtors and the "backstop parties".

The Debtors contend that they seek to lay the foundation for the
pursuit and confirmation of the chapter 11 plan of reorganization
that has been negotiated with the members of the Ad Hoc Committee,
who collectively hold at least approximately 72% of the Second Lien
Notes and approximately 22% of the Subordinated PIK notes.

The Debtors tell the Court that the Plan contemplates that the
Debtors will issue, as exit financing, New First Lien Notes in the
Original principal amount of $135.25 million.  They further tell
the Court that under the Plan, the New First Lien Notes issuance
would satisfy in full the claims of the Debtors' DIP Lenders,
through a dollar-for-dollar exchange of the approximately $75
million in borrowings under the DIP Facility, and raise an
additional $50 million of new operating capital ("Rights Offering
Amount").  The Debtors relate that under the Plan, they will offer
the right to fund the Rights Offering Amount, on a pro rata basis,
to holders of the prepetition Second Lien Notes through the Rights
Offering.  They note that the terms of the New First Lien Notes
will minimize debt service obligations by allowing the reorganized
Debtors, at their election, to pay all interest in kind for up to
five years.

The Debtors contend that to ensure that the Rights Offering raises
the required funds for a successful emergence from bankruptcy, the
Backstop Agreement memorializes each Backstop Party's commitment to
purchase its pro rata share of the Rights Offering Notes.  The
Debtors further contend that in exchange, the Debtors agreed to
provide the Backstop Parties:

     (i) the Put Option Notes, which constitutes a put option
premium payment in the total amount of $5 million, payable entirely
in New First Lien Notes;

    (ii) a Liquidated Damages Payment, representing liquidated
damages in the amount of $3.5 million should the Debtors exercise
the Fiduciary Out and consummate an alternative transaction;

   (iii) payment and reimbursement of all transaction expenses,
which include reasonable fees and expenses incurred by the Backstop
Parties and their professionals in connection with the transactions
contemplated under the Restructuring Support Agreement, the Plan,
the DIP Facility, the Rights Offering and the Backstop Agreement;
and

    (iv) indemnification of the Backstop Parties and their
affiliated parties and representatives from and against any and all
losses, claims, damages, liabilities and expenses they may sustain,
incur or suffer in connection with the transactions contemplated
under the RSA, the Plan, the DIP Facility, the Rights Offering and
the Backstop Agreement.

The Debtors assert that because the Backstop Agreement facilitates
the success of the Rights Offering and thereby significantly
reduces the financing risks associated with consummating the Plan,
the payments for which they seek approval of are fair and
reasonable.  The Debtors further assert that the assumption of the
Backstop Agreement is in the best interests of the Debtors' estates
and all parties in interest.

The Debtors tell the Court that they also seek approval of
procedures to implement the Rights Offering, which will allow the
Debtors to solicit holders of Second Lien Notes to participate in
the Rights Offering. The Debtors further tell the Court that the
Rights Offering Procedures are fair and reasonable, and are
necessary to ensure the orderly administration and issuance of the
Rights Offering Notes.

The Rights Offering Procedures contain, among others, these:

     (a) Eligible Participants: Any person that is a beneficial
owner of an Eligible Claim as of the date of entry of an order
approving the Rights Offering.

     (b) Subscription Rights and Non-transferability: Each eligible
holder of Second Lien Notes shall be entitled to receive
non-transferable, non-certificated rights subscription rights to
subscribe for up to its pro rata share of $50 million in initial
principal amount of New First Lien Notes.

     (c) Duration of the Rights Offering: The Rights Offering will
commence on the day upon which the Rights Exercise Form is first
mailed or otherwise made available to any Eligible Participant. The
Rights Offering will expire at 5:00 p.m. on the day that is 30 days
after the Rights Offering Commencement Date, except as may be
extended in accordance with the Rights Offering Procedures.

New Gulf Resources is represented by:

          M. Blake Cleary, Esq.
          Ryan M. Bartley, Esq.
          Justin P. Duda, Esq.
          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          100 N. King Street
          Rodney Square
          Wilmington, DE 19801
          Telephone: (302)571-6600
          E-mail: mbcleary@ycst.com
                  rbartley@ycst.com
                  jduda@ycst.com

                - and -

          C. Luckey McDowell, Esq.
          Ian E. Roberts, Esq.
          Meggie S. Gilstrap, Esq.
          BAKER BOTTS L.L.P.
          2001 Ross Avenue
          Dallas, Texas 75201
          Telephone: (214)953-6500
          E-mail: luckey.mcdowell@bakerbotts.com
                  ian.roberts@bakerbotts.com
                  meggie.gilstrap@bakerbotts.com

                     About New Gulf Resources

New Gulf Resources, LLC, NGR Holding Company LLC, NGR Texas, LLC
and NGR Finance Corp. filed Chapter 11 bankruptcy petitions (Bankr.
D. Del. Proposed Lead Case No. 15-12566) on Dec. 17, 2015.  The
petition was signed by Danni Morris, the chief financial officer.

Founded in 2011 and headquartered in Tulsa, Oklahoma, New Gulf is
an independent oil and natural gas company engaged in the
acquisition, development, exploration and production of oil and
natural gas properties, focused primarily in the East Texas Basin.

The Company currently employs 55 people.

The Debtors have engaged Baker Botts L.L.P., as bankruptcy counsel,
Young, Conaway, Stargatt & Taylor, LLP as co-counsel, Barclays
Capital Inc., as investment banker, Zolfo Cooper, LLC as financial
advisor, and Prime Clerk LLC as claims and notice agent.

Judge Brendan Linehan Shannon has been assigned the case.


NUO THERAPEUTICS: Approval of Equity Transfer Procedures Sought
---------------------------------------------------------------
Nuo Therapeutics, Inc., asks the Bankruptcy Court to approve notice
and objection procedures regarding certain transfers of beneficial
interests in equity securities in the Company.  The equity trading
procedures are intended to give the Debtor the ability to monitor
and object to proposed transfers of Equity Securities an Claims
against it, as the unrestricted transfer of those claims and
interests could jeopardize the estate's use of certain tax
attributes, including but not limited to, the Debtor's net
operating losses.

The Debtor relates it has experienced years of losses from the
operation of its business.  The Debtor does not know the current
value of its federal income tax NOLs, but reasonably believes that
the value of the NOLs may be significant.  These NOLs could
translate into future reductions of the Debtor's federal income tax
liabilities, and could substantially enhance the Debtor's cash
position for the benefit of parties-in-interest, contributing to
its efforts to maximize value for the benefit of its estate and
creditors.

However, the Debtor may lose the ability to use its NOLs if it
experiences an "ownership change" for federal income tax purposes.
To prevent this potential loss of property of the Debtor's estate,
the Debtor requests approval of certain procedures governing the
transfer of Equity Securities during the pendency of this Chapter
11 case.  In addition, the Debtor may ultimately need to seek a
Sell-Down Order with respect to trading in Claims to protect and
preserve the value of the NOLs in connection with a plan of
reorganization or a qualifying asset sale.

"In the absence of the relief requested in the Equity Trading
Motion, transfers of Equity Securities during the pendency of this
chapter 11 case could severely limit -- or even eliminate -- the
Debtor's ability to use its NOLs, and could have significant
negative consequences for the Debtor, its estate and its efforts to
maximize value for creditors and parties in interest," David E.
Jorden, acting chief executive officer/chief financial officer of
Nuo Therapeutics, maintains.  

                       Proposed Procedures

Any person or entity who currently is or becomes a Substantial
Equityholder shall (a) file with the Court and (b) serve upon (i)
the Debtor, 207A Perry Parkway, Suite 1, Gaithersburg, MD 20877,
Attn: Shaun Martin, Chief Restructuring Officer; (ii) counsel to
the Debtor, Dentons US LLP, 1301 K Street NW, Suite 600 - East
Tower, Washington, D.C. 20005 Attn: Sam J. Alberts and Ashby &
Geddes, P.A., 500 Delaware Avenue, 8th Floor, Wilmington, DE 19801
Attn: William P. Bowden, and (iii) counsel to Deerfield Management
Company, L.P.: Deerfield Management Company, L.P., 780 Third
Avenue, 37th Floor, New York, NY 10017 Attn: David J. Clark; Katten
Muchin Rosenman LLP, 575 Madison Avenue / New York, NY 10022-2585,
Attn: Jeff J. Friedman; Connolly Gallagher LLP, The Brandywine
Building - 1000 West Street, Suite 1400 - Wilmington, Delaware
19801, Attn: Jeffrey C. Wisler a notice of such status,  on or
before the later of (A) 14 days after entry of the Interim Order or
(B) 14 days after becoming a Substantial Equityholder.

At least 21 days prior to any transfer of Equity Securities that
would result in an increase in the amount of Equity Securities
beneficially owned by a Substantial Equityholder or would result in
a person or entity becoming a Substantial Equityholder, such
Substantial Equityholder or potential Substantial Equityholder
shall (a) file with the Court and (b) serve on the Debtor and
counsel to the Debtor, advance written notice of the intended
transfer of Equity Securities.

Prior to any transfer of Equity Securities that would result in a
decrease in the amount of Equity Securities beneficially owned by a
Substantial Equityholder or would result in a person or entity
ceasing to be a Substantial Equityholder, such Substantial
Equityholder shall (a) file with the Court and (b) serve on the
Debtor and counsel to the Debtor, advance written notice of the
intended transfer of Equity Securities.

The Debtor will have 21 days after receipt of a Stock Acquisition
Notice or a Stock Disposition Notice to file with the Court and
serve on the party filing the Transfer Notice an objection to the
proposed Transfer on the grounds that such Transfer may adversely
affect the Debtor's ability to utilize its NOLs.  If the Debtor
files an objection, the proposed Transfer will not be effective
unless and until approved by a final and nonappealable order of
this Court.  If the Debtor does not object within that 21-day
period, the Transfer may proceed solely as set forth in the
Transfer Notice.  

Effective as of the Petition Date and until further order of this
Court to the contrary, any acquisition or disposition of Equity
Securities in violation of the Equity Transfer Procedures
will be null and void ab initio as an act in violation of the
automatic stay under Section 362 of the Bankruptcy Code.

                    About NUO Therapeutics

Gaithersburg, Maryland-based Nuo Therapeutics, Inc. is a biomedical
company that pioneers leading-edge biodynamic therapies.  The
Debtor's flagship product, Aurix, is a biodynamic hematogel that
uses a patient's own platelets and plasma as a catalyst for
healing.

Nuo Therapeutics filed a Chapter 11 bankruptcy petition (Bankr. D.
Del. Case No. 16-10192) on Jan. 26, 2016.  The petition was signed
by David E. Jorden as acting chief executive officer and acting
chief financial officer.

Ashby & Geddes, P.A. represents the Debtor as counsel and Epiq
Bankruptcy Solutions, LLC serves as the Debtor's claims, balloting
and noticing agent.  Hon. Mary F. Walrath has been assigned the
case.


NUO THERAPEUTICS: Files for Ch. 11 to Sell All Assets
-----------------------------------------------------
Nuo Therapeutics, Inc., filed a bankruptcy petition in Delaware
saying its deteriorating financial condition has left it with no
choice but to seek relief under Chapter 11 of the Bankruptcy Code.

Based in Gaithersburg, Maryland, Nuo Therapeutics is a biomedical
company that pioneers leading-edge biodynamic therapies.  The
Debtor's flagship product, Aurix, is a biodynamic hematogel that
uses a patient's own platelets and plasma as a catalyst for
healing.

David E. Jorden, acting chief executive officer/chief financial
officer of Nuo Therapeutics, said the Debtor faces a challenging
competitive environment as the chronic wound market has many
therapies that directly compete with Aurix that have established
habitual use patterns and provider contracts to encourage
standardized use.  Acceptance of new products, like Aurix, has been
slow often due to reimbursement rates and issues, he added.

"In light of the prior challenging reimbursement and competitive
environment in which the Debtor's primary product competes, the
Debtor's revenues have been insufficient to cover operating
expenses, which consist primarily of employee compensation,
professional fees, consulting expenses, clinical trial costs, and
other general business expenses such as insurance, travel related
expenses, and sales and marketing related items," Mr. Jorden
related.

On Aug. 11, 2015, the Debtor's Board of Directors approved a
realignment plan with the goal of preserving and maximizing the
value of the Debtor's existing assets.  The Realignment Plan
eliminated approximately 30% of the Debtor's workforce and was
aimed at the preservation of cash and cash equivalents to finance
the Debtor's future operations and support the Debtor's revised
business objectives.

However, Mr. Jorden maintained, the Debtor has continued to
experience losses following implementation of the Realignment Plan,
and faces severe liquidity pressures that have created difficulty
in servicing its existing debt, difficulty in obtaining additional
or replacement financing, and challenges in funding its ongoing
operations.

As set forth in the Debtor's Form 10-Q for period ending Sept. 30,
2015, filed with the U.S. Securities and Exchange Commission, the
Debtor's financial statements reflect assets of $19.2 million as of
Sept. 30, 2015, liabilities of $13.1 million as of Sept. 30, 2015,
and $9.9 million in revenue for the nine months ending Sept. 30,
2015.

                           Sale Process

The Debtor anticipates that this Chapter 11 case will involve a
sale of substantially all of its significant assets pursuant to
Section 363 of the Bankruptcy Code, through an auction process
approved by the Bankruptcy Court.

Before filing the Chapter 11 case, the Debtor -- with the aid of
Gordian Group, LLC, its financial advisor and investment banker --
initiated a focused marketing process to explore a range of
strategic financing and sale options for the Debtor's various
business units.

Under the requirements of the Debtor's debtor-in-possession
financing, the Debtor is required to file a sale procedures motion
within one day after the Petition Date.  The Debtor is in the
process of finalizing that motion, and anticipates that it will
include a draft asset purchase agreement with Deerfield, pursuant
to which the Debtor expects that Deerfield will make a stalking
horse bid subject to higher or better offers.

The Debtor's proposed debtor-in-possession financing sets forth
certain milestones for the sale process, as follows:

    March 4, 2016           Deadline for contract counterparties
                            to object to assumption and assignment
                            of executory contracts

    March 7, 2016           Bid Deadline

    March 9, 2016           Auction

    March 10, 2016          Sale Objection Deadline

    March 11, 2016          Sale Hearing

                        First Day Motions

Concurrently with the filing of its Chapter 11 petition, the Debtor
filed certain applications, motions, and proposed orders. The
Debtor is seeking authority to, among other things, obtain
debtor-in-possession financing, continue using existing centralized
cash management system, prohibit utility providers from
discontinuing services, pay employee compensation, and pay
prepetition critical vendor claims.

A copy of the declaration in support of the First Day Motions is
available for free at:

           http://bankrupt.com/misc/3_NUO_Affidavit.pdf

                     About NUO Therapeutics

Nuo Therapeutics, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D. Del. Case No. 16-10192) on Jan. 26, 2016.  The petition
was signed by David E. Jorden as acting chief executive officer and
acting chief financial officer.

Ashby & Geddes, P.A. represents the Debtor as counsel and Epiq
Bankruptcy Solutions, LLC serves as the Debtor's claims, balloting
and noticing agent.  Hon. Mary F. Walrath has been assigned the
case.


NUO THERAPEUTICS: Obtains $9-Mil. DIP Commitment From Deerfield
---------------------------------------------------------------
Nuo Therapeutics, Inc., seeks approval of a $9,000,000
post-petition financing, consisting of (a) a roll-up loan in the
aggregate principal amount of $4,500,000, and (b) certain other
loans in the aggregate principal amount of $4,500,000 to finance
operations and the costs of Chapter 11.  The Debtor is also seeking
authority to use cash collateral of the prepetition secured
parties.

The Debtor tells the Court it has no other credit available, and
without the additional liquidity provided under the DIP Financing
it will run out of cash before the end of January 2016 and cease
operations.

Deerfield Mgmt, L.P., acts as administrative agent and collateral
agent under a Senior Secured, Superpriority Debtor-In-Possession
Credit Agreement.  The prepetition secured parties, namely:
Deerfield Private Design Fund II, L.P., Deerfield Private Design
International II, L.P., and Deerfield Special Situations Fund,
L.P., et al., serve as the debtor-in-possession lenders.

The DIP Facility will mature on the earliest of: (i) the stated
maturity date, which will be March 31, 2016; (ii) the date on which
the sale of the Debtor's assets will have been consummated; (iii)
the date that is 20 days after the entry of the Interim Order,
unless on or before that day the Bankruptcy Court shall have
entered the Final Order; and (iv) the acceleration of the Loans or
termination of the Commitment under this Agreement, including,
without limitation, as a result of the occurrence of an event of
default.

The outstanding principal amount of the Loans will bear interest of
12 percent.  If an Event of Default has occurred and is continuing,
the Debtor shall pay, in respect of principal and interest on the
Loans outstanding under this Agreement, at the rate per annum equal
to the Interest Rate applicable thereto plus 10 percent for so long
as such Event of Default is continuing.

The DIP Loans will be secured by first-priority, valid, priming,
perfected, and enforceable liens on the property of the Debtor's
estate pursuant to the Bankruptcy Code, and with priority, as to
administrative expenses.

Failure of the Court to permit the Lenders to credit bid the
Existing Loans and the Loans in connection with the purchase of
Debtor's assets, failure to employ an acceptable chief
restructuring officer, failure to meet case milestones, failure to
make required payments, default under other debt agreements, and
breach of covenants, representations and warranties constitute,
among other things, events of default.

As of the Petition Date, the Debtor was indebted to the Prepetition
Secured Parties not less than $38.3 million in respect of the
disbursements made under the Prepetition Secured Agreements, plus
accrued and unpaid interest.

To secure the Prepetition Secured Obligations, the Debtor and its
affiliates -- Aldagen and Cytomedix Acquisition Company, LLC --
granted security interests and liens to the Prepetition Secured
Parties, including liens on and security interests in the
personal-property and real-property interests constituting
"Collateral" under, and as defined in, that certain Guaranty and
Security Agreement dated as of March 31, 2014.

                        About NUO Therapeutics

Gaithersburg, Maryland-based Nuo Therapeutics, Inc. is a biomedical
company that pioneers leading-edge biodynamic therapies.  The
Debtor's flagship product, Aurix, is a biodynamic hematogel that
uses a patient's own platelets and plasma as a catalyst for
healing.

Nuo Therapeutics filed a Chapter 11 bankruptcy petition (Bankr. D.
Del. Case No. 16-10192) on Jan. 26, 2016.  The petition was signed
by David E. Jorden as acting chief executive officer and acting
chief financial officer.

Ashby & Geddes, P.A. represents the Debtor as counsel and Epiq
Bankruptcy Solutions, LLC serves as the Debtor's claims, balloting
and noticing agent.  Hon. Mary F. Walrath has been assigned the
case.


NUO THERAPEUTICS: Taps Epiq as Claims and Noticing Agent
--------------------------------------------------------
Nuo Therapeutics, Inc., seeks authority from the Bankruptcy Court
to appoint Epiq Bankruptcy Solutions, LLC as its claims and
noticing agent, effective nunc pro tunc to the Petition Date.

The Debtor has not yet filed its schedules of assets and
liabilities, however, it anticipates that it has more than 200
creditors and parties-in-interest, many of whom will require notice
and are expected to file proofs of claim in its Chapter 11 case.
In view of the number of anticipated claimants and the complexity
of the Debtor's business, the Debtor asserts that the appointment
of a Claims Agent is both necessary and in the best interests of
both its estate and its creditors.

Epiq's current claim and noticing rates:

   Title                                            Rate/Hour
   -----                                            ---------
   Clerical/Administrative Support                   $30-$40
   Case Manager                                      $60-$80
   IT / Programming                                  $70-$95
   Senior Case Manager/Director Case Management     $85-$140
   Consultant/ Senior Consultant                   $150-$185
   Director/Vice President Consulting                 $190
   Executive Vice President - Solicitation            $200
   Executive Vice President - Consulting             Waived

The professional fees incurred by the Debtor will be discounted by
5% from the claim and noticing rates.

The Debtor requests that the fees and expenses incurred by Epiq in
the performance of the services be treated as administrative
expenses of its estate and be paid in the ordinary course of
business without further application to, or order of, the Court.

Prior to the Petition Date, Epiq received a retainer in the amount
of $20,000.  Epiq seeks to first apply the Retainer to all
prepetition invoices and to retain any unapplied portion as a
retainer throughout the pendency of this case.

The Debtor has agreed to indemnify, defend and hold Epiq harmless
from and against any and all losses, claims, damages, liabilities,
costs and expenses as incurred, to which Epiq may become subject or
involved in any capacity arising out of or relating to the Services
Agreement or Epiq's rendering of services; provided, however, that
the Debtor will not have any indemnification obligation for any
matters arising out of gross negligence or willful misconduct by
Epiq.

Epiq represents it is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code with respect to
the matters upon which it is engaged.

                     About NUO Therapeutics

Gaithersburg, Maryland-based Nuo Therapeutics, Inc. is a biomedical
company that pioneers leading-edge biodynamic therapies.  The
Debtor's flagship product, Aurix, is a biodynamic hematogel that
uses a patient's own platelets and plasma as a catalyst for
healing.

Nuo Therapeutics filed a Chapter 11 bankruptcy petition (Bankr. D.
Del. Case No. 16-10192) on Jan. 26, 2016.  The petition was signed
by David E. Jorden as acting chief executive officer and acting
chief financial officer.

Ashby & Geddes, P.A. represents the Debtor as counsel and Epiq
Bankruptcy Solutions, LLC serves as the Debtor's claims, balloting
and noticing agent.  Hon. Mary F. Walrath has been assigned the
case.


PACIFIC RECYCLING: Court Approves Vanden Bos as Special Counsel
---------------------------------------------------------------
Pacific Recycling, Inc. sought and obtained permission from the
U.S. Bankruptcy Court for the District of Oregon to employ Vanden
Bos & Chapman, LLP as special counsel.

Vanden Bos will represent the Debtor in any situation in which its
lead counsel, Cable Huston, has a potential or actual conflict.
Cable Huston has represented several creditors on unrelated
matters.

Vanden Bos will be paid at these hourly rates:

       Robert J Vanden Bos, Managing Partner     $450
       Ann K. Chapman, Partner                   $405
       Douglas Ricks, Associate                  $330
       Christopher Coyle, Associate              $280
       Certified Bankruptcy Assistants           $185
       Legal Assistants                          $130

Vanden Bos will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Robert Vanden, managing partner of Vanden Bos, 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.

Vanden Bos can be reached at:

       Robert J Vanden Bos, Esq.
       VANDEN BOS & CHAPMAN, LLP
       319 SW Washington St., Ste 520
       Portland, OR 97204
       Tel: (503) 241-4869
       Fax: (503) 241-3731

                       About Pacific Recycling

Pacific Recycling, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D. Ore. Case No. 15-62925) on Aug. 27, 2015.  The petition
was signed by Rodney Schultz as president.  The Debtor disclosed
total assets of $5,996,665 and total liabilities of $21,718,414.
Hon. Frank R. Alley III is assigned to the case.  Cable Huston LLP
represents the Debtor as counsel.

The U.S. Trustee for Region 18 appointed four creditors of Pacific
Recycling Inc. to serve on the official committee of unsecured
creditors.  Cassie K. Jones, Esq., and the law firm of Gleaves
Swearingen LLP represent the Committee as its counsel.


PRIVA TECHNOLOGIES: Pro Marketing Has Superior Claim, 6th Cir. Says
-------------------------------------------------------------------
This case involves a dispute between two competing lenders as to
which one is entitled to a microchip encryption technology
developed by their mutual borrower Priva Technologies, Inc., that
is now in Chapter 7 bankruptcy.

The technology in question is known as Tamper Reactive Secure
Storage (TRSS).  Defendant-Appellee Pro Marketing Sales, Inc.,
bases its claim on its 2009 Security Agreement with Priva, whereas
Plaintiff-Appellant Cyber Solutions International, LLC, bases its
competing claim on its 2012 License Agreement with Priva.

Both lenders eventually filed claims seeking declaratory and/or
injunctive relief to clarify ownership of the TRSS technology.  The
district court granted summary judgment in favor of Pro Marketing
on the basis that Pro Marketing's Security Agreement gave it a
superior claim to the TRSS technology.

In an Opinion dated January 11, 2016, which is available at
http://is.gd/l0AJJGfrom Leagle.com, the United States Court of
Appeals for the Sixth Circuit affirmed the judgment of the district
court.

The case is Cyber Solutions International, LLC,
Plaintiff-Appellant, v. Pro Marketing Sales, Inc.,
Defendant-Appellee, No. 15-1359.

Cupertino, California-based Priva Technologies, Inc., sought
protection under Chapter 11 of the Bankruptcy Code on December 22,
2011 (Bankr. W.D. Mich., Case No. 11-12574).  The Debtor's Counsel
is Joseph R. Sgroi, Esq., at Honigman Miller Schwartz and Cohn LLP,
in Detroit, Michigan.  The petition was signed by William Sibert,
secretary.


RECYCLING INC: Case Summary & 12 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Recycling, Inc.
        990 Naugatuck Avenue
        Milford, CT 06460

Case No.: 16-30110

Chapter 11 Petition Date: January 26, 2016

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

Debtor's Counsel: Douglas S. Skalka, Esq.
                  NEUBERT, PEPE & MONTEITH, P.C.
                  195 Church Street, 13th Floor
                  New Haven, CT 06510
                  Tel: (203) 821-2000
                  Fax: 203-821-2009
                  Email: dskalka@npmlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gus Curcio, Sr., president.

A list of the Debtor's 12 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ctb16-30110.pdf


RELATIVITY MEDIA: Completes Post-Emergence Financing Commitments
----------------------------------------------------------------
Relativity Media LLC on Jan. 25 disclosed that it has successfully
completed new financing commitments in anticipation of its
emergence from chapter 11 in February.

The new financing, totaling in excess of $100 million, includes
more than $100 million in additional commitments from current
investors including Macquarie Bank; Joseph Nicholas and  Ryan
Kavanaugh.  Carey Metz, chief investment officer of Atorus
Investment Management LLC; and new investors such as
TomorrowVentures and Carat Global as well as VII Peaks Capital.
The new financing is separate from the approximately $180 million
in Relativity senior debt acquired by Messrs. Kavanaugh and
Nicholas during the course of the company's chapter 11 process,
however it is anticipated that this debt will be converted pursuant
to the plan of reorganization.

This financing is in addition to the post emergence ultimates
facility, an asset backed facility being syndicated by GHL &
Company and Aperture Media Partners.

In addition, since Carat Global has agreed to extent credit to
Relativity for its P&A capital, Relativity's debt need is much less
than expected.

"With the total financing commitments now successfully in place, we
remain focused on emerging from chapter 11 and moving forward with
our robust slate of films and our continued evolution as a 360
degree content engine," said Mr. Kavanaugh.

Messrs. Kavanaugh and Nicholas, will be co-managers of Relativity's
parent company, Relativity Holdings, with a robust management and
finance team to oversee the 360 vertical from film and television
to branding, sports, digital and Relativity Education.  Earlier
this month, Relativity announced that it acquired Trigger Street
Productions, the entertainment production company owned and
operated by Kevin Spacey and Dana Brunetti.  At Relativity, Mr.
Spacey will become Chairman of Relativity Studios and Mr. Brunetti
will become President of Relativity Studios where they will oversee
all film and television operations.

Relativity Studios is the largest privately held, independent film
studio with several movies scheduled to release this year including
The Disappointments Room, Before I Wake, Kidnap, Masterminds and
Strangers 2.  The studio 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 Studios' films include Immortals,
Limitless, The Fighter, Act of Valor and Safe Haven.

The company's scripted television division is behind CBS's newest
hit show, "Limitless," based on the film released by Relativity
Studios in 2011 which grossed more than $160 million worldwide, and
Relativity Digital Studios released its first feature-length film,
Summer Forever, in 2015 and is set to release two additional films
in the Summer Forever franchise later this year.

                       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.


RELATIVITY MEDIA: Unsecured Creditors Vote In Favor of Plan
-----------------------------------------------------------
Relativity Media LLC on Jan. 26 disclosed that it has received
votes from the overwhelming percentage of its unsecured creditors
to accept the Company's Plan of Reorganization, paving the way for
its emergence from chapter 11.  The Plan, which will result in
recoveries to the Company's general unsecured creditors, moves the
Company one step closer to confirmation of the Plan.

"We are pleased to have received these supportive votes from our
creditor groups, which we believe paves the way for our emergence
from chapter 11 on February 1," said Ryan Kavanaugh, Chairman and
CEO, Relativity.  "We have been working productively with our
unsecured creditors, and we would like to thank them for their
ongoing support.  Additionally, we have had many positive
developments in recent days and look forward to executing our
strategy as a fully integrated 360 degree content engine."

The overwhelming percentage of the Company's unsecured creditors
voted to accept the Plan of Reorganization.  A court hearing to
consider confirmation of the Plan is scheduled for February 1,
2016.  This release is not intended as a solicitation for a vote on
the Plan.

Earlier this month, Relativity announced that it acquired Trigger
Street Productions, the entertainment production company owned and
operated by Kevin Spacey and Dana Brunetti.  At Relativity,
Mr. Spacey will become Chairman of Relativity Studios and Mr.
Brunetti will become President of Relativity Studios where they
will oversee all film and television operations.

Relativity Studios is the largest privately held, independent film
studio with several movies scheduled to release this year including
The Disappointments Room, Before I Wake, Kidnap, Masterminds and
Strangers 2.  The studio 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 Studios' films include Immortals,
Limitless, The Fighter, Act of Valor and Safe Haven.

                       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.


SUN BANCORP: Written Agreement with OCC Terminated
--------------------------------------------------
Sun Bancorp, Inc. announced that the formal written agreement
between its wholly owned subsidiary, Sun National Bank, and the
Office of the Comptroller of the Currency, dated April 15, 2010,
has been terminated effective Jan. 21, 2016.  The OCC has also
terminated the individual minimum capital ratios to which the Bank
was subject.  As of Sept. 30, 2015, the Bank was considered "well
capitalized" for regulatory purposes, with a Tier 1 leverage ratio
of 11.88% (vs. 5.00% minimum regulatory requirement to be
considered "well capitalized"), a Tier 1 risk-based capital ratio
of 18.48% (vs. 8.00% minimum regulatory requirement to be
considered "well capitalized") and a total risk-based capital ratio
of 19.73% (vs. 10.00% minimum regulatory requirement to be
considered "well capitalized").

Separately, without admitting or denying any wrongdoing, the Bank
entered into a Consent Order with the OCC to pay a $25,000 civil
money penalty in connection with various deficiencies identified by
the OCC in the mortgage banking practices of Sun Home Loans, a
former division of the Bank, which was closed in July 2014 when the
Bank exited the residential mortgage lending business as part of a
comprehensive strategic restructuring.  The identified deficiencies
occurred from July 2011 through September 2013.

"I am very pleased that the OCC has terminated the Formal
Agreement," stated Thomas M O'Brien, President & CEO.  "This action
by the OCC recognizes the significant progress the Bank has made in
addressing the requirements of the Formal Agreement.  I am also
gratified that we have finally resolved the deficiencies and
related regulatory concerns associated with the Bank's former
residential mortgage division.  The problematic conditions in the
Bank's Sun Home Loans mortgage division were quickly evident when I
first joined the Company in 2014 and led to the immediate decision
to exit that business.  This resolution brings this matter from the
2011-2013 time period to final closure."

"Successfully remediating the multitude of financial, process and
compliance issues necessary for the termination of the long running
regulatory enforcement order has been an enormous undertaking,"
O'Brien stated.  "The success of our efforts in a relatively short
time frame is evidence of the determination and skill of our
employees and management.  Everyone committed long hours and
focused great efforts to fix the many pieces of the Bank that were
in need of complete retooling.  Our Board and shareholders have
demonstrated support, patience and commitment in working towards
the long-term success of this institution through challenging
times."

"In the comprehensive strategic corporate restructuring announced
in July 2014, we established the creation of a strong operating
culture that embraces regulatory compliance as a core priority,"
said O'Brien.  "Both of today's announcements fulfill that
commitment.  Our focus on operating in a fully compliant safe and
sound manner will not waiver. With the termination of the Formal
Agreement and final resolution of the remaining legacy issues
associated with the Bank's prior residential lending business, the
Bank is well-positioned to focus on future growth and financial
performance."

                     About Sun Bancorp. Inc.

Sun Bancorp, Inc. is a bank holding company headquartered in Mount
Laurel, New Jersey.  Its primary subsidiary is Sun National Bank, a
community bank serving customers throughout New Jersey. Sun
National Bank -- http://www.sunnationalbank.com/-- is an Equal    

Housing Lender and its deposits are insured up to the legal maximum
by the Federal Deposit Insurance Corporation (FDIC).

Sun Bancorp reported a net loss available to common shareholders of
$29.8 million in 2014, a net loss available to common shareholders
of $9.94 million in 2013, and a net loss available to common
shareholders of $50.49 million in 2012.

As of Sept. 30, 2015, the Company had $2.28 billion in total
assets, $2.03 billion in total liabilities and $255 million in
total shareholders' equity.


TALA JEWELERS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Tala Jewelers, Inc.
        1306 Montana Ave.
        Santa Monica, CA 90403

Case No.: 16-10921

Chapter 11 Petition Date: January 26, 2016

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

Judge: Hon. Thomas B. Donovan

Debtor's Counsel: David B Golubchik, Esq.
                  LEVENE, NEALE, BENDER, YOO & BRILL LLP
                  10250 Constellation Blvd Ste 1700
                  Los Angeles, CA 90067
                  Tel: 310-229-1234
                  Email: dbg@lnbyb.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Tina A. Atmadjian, president and
authorized agent.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb16-10921.pdf


TECHPRECISION CORP: Extends Revere Loan Maturity to Jan. 2018
-------------------------------------------------------------
TechPrecision Corporation and its wholly owned subsidiary, Ranor,
Inc., entered into the Note and Other Loan Documents Modification
Agreement No. 2 with Revere High Yield Fund, LP, which amends that
certain Term Loan and Security Agreement, dated Dec. 22, 2014,
between Ranor and Revere pursuant to which Revere agreed to loan an
aggregate of $2.25 million to Ranor.  In connection with the
Amendment, Ranor entered into an Amended and Restated Term Loan
Note in the aggregate principal amount of $1.5 million and an
Amended and Restated Term Loan Note in the aggregate principal
amount of $750,000, each in favor of Revere and each dated January
22, 2016.

The Amendment (a) extends the maturity date of the term loans made
pursuant to the TLSA to Jan. 22, 2018, (b) amends the amortization
schedule such that payments under the TLSA and Notes are due as
follows:

    (i) payments of interest only on advanced principal on a
        monthly basis on the first day of each month from March 1,
        2016, until Jan. 1, 2017; and

   (ii) payments of $9,375 in principal plus accrued interest on a
        monthly basis on the first day of each month from Feb. 1,
        2017, until Jan. 22, 2018, (c) reduces the annual interest
        rate on the unpaid principal balance of the loans to 10%
        per annum from 12% per annum, (d) amends the definition of

        the "Minimum Guaranteed Interest" payable by Ranor to
        Revere on the earlier of prepayment in full of the loans
        or payment in full of the loans on the maturity date to
        the greater of (i) twelve (12) months interest at the
        Interest Rate on the amount outstanding on the loans or
       (ii) interest due on any amount advanced under the TLSA at
        the Interest Rate, (e) adds a restrictive covenant whereby
        Ranor must maintain monthly minimum cash balances, with
        failure to comply with such restrictive covenant an event
        of default pursuant to which Revere may accelerate the
        repayment of the loans, and (f) includes a reaffirmation
        of the Company's guarantee of Ranor's obligations under
        the TLSA and the Notes pursuant to a Guaranty Agreement    
  
        between the Company and Revere.

                     About TechPrecision

TechPrecision Corporation (OTC BB: TPCSE), through its wholly owned
subsidiaries, Ranor, Inc., and Wuxi Critical Mechanical Components
Co., Ltd., globally manufactures large-scale, metal fabricated and
machined precision components and equipment.

TechPrecision reported a net loss of $3.58 million for the year
ended March 31, 2015, compared to a net loss of $7.09 million for
the year ended March 31, 2014.

As of Sept. 30, 2015, the Company had $10.58 million in total
assets, $9.79 million in total liabilities and $789,000 in total
stockholders' equity.

Marcum LLP, in Bala Cynwyd, Pennsylvania, issued a "going concern"
qualification on the consolidated financial statements for the year
ended March 31, 2015, citing that the Company has suffered
recurring losses from operations, and the Company's liquidity may
not be sufficient to meet its debt service requirements as they
come due over the next twelve months.  These circumstances raise
substantial doubt about the Company's ability to continue as a
going concern.


TRANSGENOMIC INC: Has Resale Prospectus of 1.1M Common Shares
-------------------------------------------------------------
Transgenomic, Inc. filed a Form S-3 registration statement with the
Securities and Exchange Commission relating to the resale by
Dolphin Offshore Partners, L.P., MAZ Partners LP, FireRock Capital
Inc., et al., of up to 1,111,952 shares of the Company's common
stock, par value $0.01 per share, or the Common Stock.  The
1,111,952 shares of Common Stock are comprised of:

   (i) 580,346 shares of Common Stock that were previously issued
       by the Company upon conversion of certain convertible
       promissory notes issued by the Company in a private
       placement transaction in December 2014 and January 2015;

  (ii) up to 488,565 shares of Common Stock that may be issued
       upon conversion of the outstanding Private Placement Notes,
       assuming full conversion of the Private Placement Notes at
       Dec. 31, 2016, or the Maturity Date; and

(iii) up to 43,041 shares of Common Stock that may be issued upon
       conversion of an outstanding convertible promissory note
       issued, upon the same terms and conditions as the Private
       Placement Notes, to the sole placement agent for the
       Private Placement, or the Placement Agent Note.

No underwriter or other person has been engaged to facilitate the
sale of the Securities in this offering.  The Selling Stockholders
may be deemed underwriters of the Securities that they are
offering.  The Company will bear all costs, expenses and fees in
connection with the registration of the Securities.  The Selling
Stockholders will bear all commissions and discounts, if any,
attributable to their respective sales of the Securities.

The Company's Common Stock is currently listed on the NASDAQ
Capital Market under the symbol "TBIO".  On Jan. 22, 2016, the last
reported sales price for the Company's Common Stock was $0.72 per
share.

A full-text copy of the Form S-3 registration statement is
available for free at http://is.gd/cezLgy

                        About Transgenomic

Transgenomic, Inc. -- http://www.transgenomic.com/-- is a global
biotechnology company advancing personalized medicine in
cardiology, oncology, and inherited diseases through its
proprietary molecular technologies and world-class clinical and
research services.  The Company is a global leader in cardiac
genetic testing with a family of innovative products, including
its C-GAAP test, designed to detect gene mutations which indicate
cardiac disorders, or which can lead to serious adverse events.
Transgenomic has three complementary business divisions:
Transgenomic Clinical Laboratories, which specializes in molecular
diagnostics for cardiology, oncology, neurology, and mitochondrial
disorders; Transgenomic Pharmacogenomic Services, a contract
research laboratory that specializes in supporting all phases of
pre-clinical and clinical trials for oncology drugs in
development; and Transgenomic Diagnostic Tools, which produces
equipment, reagents, and other consumables that empower clinical
and research applications in molecular testing and cytogenetics.
Transgenomic believes there is significant opportunity for
continued growth across all three businesses by leveraging their
synergistic capabilities, technologies, and expertise.  The
Company actively develops and acquires new technology and other
intellectual property that strengthens its leadership in
personalized medicine.

Transgenomic reported a net loss available to common stockholders
of $15.1 million in 2014, a net loss available to common
stockholders of $16.7 million in 2013 and a net loss available to
common stockholders of $8.98 million in 2012.

As of Sept. 30, 2015, the Company had $24.5 million in total
assets, $17.7 million in total liabilities and $6.71 million in
total stockholders' equity.

Ernst & Young LLP, in Hartford, Connecticut, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has recurring
losses from operations that raise substantial doubt about its
ability to continue as a going concern.


TRANSGENOMIC INC: Has Resale Prospectus of 7.2M Common Shares
-------------------------------------------------------------
Transgenomic, Inc. filed a Form S-3 registration statement with the
Securities and Exchange Commission relating to the resale by Crede
CG III, Ltd., Third Security Senior Staff 2008 LLC, Third Security
Staff 2010 LLC, Third Security Incentive 2010 LLC and Third
Security Staff 2014 LLC of of up to 7,121,403 shares of our common
stock, par value $0.01 per share, or the Common Stock.  The
7,121,403 shares of Common Stock consist of:

   (i) up to 2,365,243 shares of Common Stock, or the Conversion
       Shares, issuable upon conversion of outstanding shares of
       the Company's Series A-1 Convertible Preferred Stock, par
       value $0.01 per share, or the Series A-1 Preferred;

  (ii) up to 2,873,765 shares of Common Stock issuable upon
       exercise or exchange of outstanding warrants to purchase
       shares of Common Stock, or the Placement Warrants; and

(iii) up to 1,882,395 shares of Common Stock issuable upon
       exercise or exchange of an outstanding amended warrant to
       purchase shares of Common Stock, or the Amended Warrant.

No underwriter or other person has been engaged to facilitate the
sale of the Securities in this offering.  The Selling Stockholders
may be deemed underwriters of the Securities that they are
offering.  The Company will bear all costs, expenses and fees in
connection with the registration of the Securities.  The Selling
Stockholders will bear all commissions and discounts, if any,
attributable to their respective sales of the Securities.

The Company's Common Stock is currently listed on the NASDAQ
Capital Market under the symbol "TBIO".  On Jan. 22, 2016, the last
reported sales price for the Company's Common Stock was $0.72 per
share.

A copy of the Form S-3 registration statement is available for free
at http://is.gd/cgWIYS


                         About Transgenomic

Transgenomic, Inc. -- http://www.transgenomic.com/-- is a global
biotechnology company advancing personalized medicine in
cardiology, oncology, and inherited diseases through its
proprietary molecular technologies and world-class clinical and
research services.  The Company is a global leader in cardiac
genetic testing with a family of innovative products, including
its C-GAAP test, designed to detect gene mutations which indicate
cardiac disorders, or which can lead to serious adverse events.
Transgenomic has three complementary business divisions:
Transgenomic Clinical Laboratories, which specializes in molecular
diagnostics for cardiology, oncology, neurology, and mitochondrial
disorders; Transgenomic Pharmacogenomic Services, a contract
research laboratory that specializes in supporting all phases of
pre-clinical and clinical trials for oncology drugs in
development; and Transgenomic Diagnostic Tools, which produces
equipment, reagents, and other consumables that empower clinical
and research applications in molecular testing and cytogenetics.
Transgenomic believes there is significant opportunity for
continued growth across all three businesses by leveraging their
synergistic capabilities, technologies, and expertise.  The
Company actively develops and acquires new technology and other
intellectual property that strengthens its leadership in
personalized medicine.

Transgenomic reported a net loss available to common stockholders
of $15.1 million in 2014, a net loss available to common
stockholders of $16.7 million in 2013 and a net loss available to
common stockholders of $8.98 million in 2012.

As of Sept. 30, 2015, the Company had $24.5 million in total
assets, $17.7 million in total liabilities and $6.71 million in
total stockholders' equity.

Ernst & Young LLP, in Hartford, Connecticut, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has recurring
losses from operations that raise substantial doubt about its
ability to continue as a going concern.


UNIVERSAL SECURITY: History of Losses Raises Going Concern Doubt
----------------------------------------------------------------
Universal Security Instruments, Inc.'s history of operating losses,
declining revenues on an annual basis, and limited financing raises
substantial doubt about our ability to continue as a going concern,
according to Harvey B. Grossblatt, president and chief executive
officer, and James B. Huff, vice president and chief financial
officer of the company in a regulatory filing with the U.S.
Securities and Exchange Commission on December 2, 2015.

The company reported a net loss of $411,302 for the quarter ended
September 30, 2015, compared to a net loss of $1,112,264 for the
corresponding quarter of the prior fiscal year, a $700,962 (63.0%)
improvement in the net loss.  Moreover, the company had net losses
of $1,188,379 for the six months ended September 30, 2015, and
$3,704,985 and $4,450,244 for the fiscal years ended March 31, 2015
and 2014, respectively.  

Messrs. Grossblatt and Huff elaborated: "The company is monitoring
its liquidity and working capital position in light of continued
operating losses, and decreases in its cash and working capital
position over the past four fiscal years of operations. In addition
to the expanded factoring agreement with Merchant Factors
Corporation (Merchant), the company has negotiated payment terms on
its trade accounts payable to the Hong Kong Joint Venture.  The
payment terms on the trade accounts payable to the Hong Kong Joint
Venture provide ninety day repayment terms on up to $1,000,000 of
purchases of the company's new sealed product line.  The company
also believes that its cash position can be improved by a
combination of reductions in inventory and by lowering expenses.
In addition, the company is prepared to initiate changes in its
operations, if needed, to reduce its operating costs while
maintaining its current level of customer service.  However, there
are potential risks, including that the company's revenues may not
reach levels required to return to profitability, costs may exceed
the company's estimates, or the company's working capital needs may
be greater than anticipated.  Any of these factors may change the
company's expectation of cash usage in the remainder of the fiscal
year ending 2016, and beyond, or may significantly affect the
company's level of liquidity."

At September 30, 2015, the company had total assets of $19,904,680
and total shareholders' equity of $17,443,158.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/h9vc538

Based in Owings Mills, Maryland, Universal Security Instruments,
Inc. markets and distributes safety and security products that are
primarily manufactured through its 50%-owned Hong Kong Joint
Venture.  The company has developed new products based on new smoke
and gas detection technologies and has applied for 13 patents on
these new technologies and features.



VARIANT HOLDING: FX3 Debtors Seek to Use Cash Collateral
--------------------------------------------------------
Variant Holding Company, LLC's subsidiaries identified as the FX3
Portfolio Debtors ask the Bankruptcy Court to approve their use of
cash collateral and other collateral in which Wells Fargo Bank,
N.A., as trustee for the registered holders of Credit Suisse First
Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through
Certificates, Series 2006-C4 and to C-III Asset Management LLC, in
its capacity as special servicer, has or may assert an interest.

The FX3 Portfolio Debtors are part of a multi-tiered capital
structure that owns eight apartment projects in Texas, Maryland,
Virginia, and South Carolina.  The Properties consist of
approximately 1,850 housing units.  The Lynd Company is the current
property manager for the Properties.  The FX3 Properties are
subject to the mortgage loan of the Noteholder, which is owed
$51,684,385, plus fees and interest, as of the Subsidiary Petition
Date.

The FX3 Portfolio Debtors require access to Cash Collateral to
permit, among other things, the continued full and timely
performance of their obligations under the applicable management
agreements for each of the Properties with Property Manager.
Without access to Cash Collateral, the FX3 Portfolio Debtors would
be forced to cease operations and liquidate their assets.

Cash Collateral usage alone will not be sufficient to meet the cash
needs of the Properties, as well as to service the mortgage debt of
the Noteholder, which the FX3 Portfolio Debtors propose to continue
to do.  The FX3 Portfolio Debtors are therefore separately seeking;
approval of a junior' secured debtor-in-possession financing
facility to be provided by the Beach Point Funds.

The Debtors say there is significant equity value in the
Properties, and it is anticipated that all allowed, unsubordinated
claims of the FX3 Portfolio Debtors ultimately will be paid in
full.

The Motion proposes that the FX3 Portfolio Debtors' authority to
use Cash Collateral will expire (the "Termination Date") on the
earliest of: (i) the FX3 Portfolio Debtors' failure, within 35 days
after the Petition Date, to obtain entry of the Final Order; (ii)
the occurrence of an Event of Default; (iii) the closing date of
the sale of substantially all of the assets of the FX3 Portfolio
Debtors; (iv) the occurrence of the effective date of a chapter 11
plan for any of the FX Portfolio Debtors; (v) the occurrence of a
Final Milestone Event of Default; and (vi) 90 days after the
closing of the first sale to a third party of any
FX3 Property (the "Closing Deadline"), provided that the Closing
Deadline will not constitute a Termination Date if (1) the Beach
Point Parties have commenced and are diligently pursuing their
foreclosure rights with respect to the unsold FX3 Properties or
the FX3 Portfolio Borrowers, or (2) a plan has been filed in the
Chapter 11 Cases so long as such plan proposes to (x) pay the
Allowed Secured Claim, in full, in cash on the effective date of
such plan, or (y) effectuate the Beach Point Loan Assumption.

The FX3 Portfolio Debtors will provide adequate protection to the
Noteholder as follows: (i) solely to the extent of any Diminution
of Value and subject to the Permitted Priority Liens, an additional
and replacement security interest in and lien (the "Replacement
Liens") on any and all Prepetition Collateral and, subject to entry
of the Final Order, the proceeds of any causes of action udder
Sections 502(d), 544, 545, 547, 548, 550, or 553 of the Bankruptcy
Code; and (ii) as provided for in the Budget, monthly payment to
the Lender of an amount equal to the monthly accruing non-default
interest charge plus the amount necessary to reimburse the
Noteholder for the reasonable fees and costs incurred in connection
with these bankruptcy cases.  The "Permitted Priority Liens" are
third-party liens, as of the Petition Date or thereafter, that: (i)
had or have priority under applicable law over the Prepetition
Liens, (ii) were not or are not subordinated by agreement or
applicable law, and (iii) were or are non-avoidable, valid,
properly perfected and enforceable as of the Petition Date.

To the extent the adequate protection provided in the Interim Order
proves to be inadequate to protect the Noteholder's interest in the
Prepetition Collateral, the Noteholder will have a priority claim
to the fullest extent permitted under section 507(b) of the
Bankruptcy Code.

Judge Brendan L. Shannon on Jan. 19, 2016, granted interim approval
to the FX3 Portfolio Debtors' motion to use cash collateral.  A
final hearing is scheduled for Feb. 11.  A copy of the Interim
Order is available for free at:

    http://bankrupt.com/misc/Variant_H_696_FX3_Int_Cash_Ord.pdf

                       About Variant Holding

Tucson, Arizona-based Variant Holding Company, LLC, and its direct
and indirect subsidiaries are a commercial real estate business
with direct and indirect ownership interests in 23 real property
interests in various states.

Variant Holding commenced bankruptcy proceedings under Chapter 11
of the U.S. Bankruptcy Code in Delaware (Case No. 14-12021) on Aug.
28, 2014.  Variant Holding estimated $100 million to $500 million
in assets and less than $100 million in debt.

Members holding the majority of the interests in the company,
namely Conix WH Holdings, LLC, Conix Inc., Numeric Holding
Company, LLC, Walkers Dream Trust, and Variant Royalty Group, LP,
signed the resolution authorizing the bankruptcy filing.

Variant's subsidiaries filed voluntary Chapter 11 petitions on Jan.
12, 2016.  Variant's property-owning subsidiaries, which own 23
apartment complexes, and which are debtors are: (1) Broadmoor
Apartments, LLC, Chesapeake Apartments, LLC, Holly Ridge
Apartments, LLC, Holly Tree Apartments, LLC, Preston Valley
Apartments, LLC, Ravenwood Hills Apartments, LLC, River Road
Terrace Apartments, LLC, and Sandridge Apartments, LLC
(collectively, the "FX3 Portfolio Debtors"); (2) 10400 Sandpiper
Apartments, LLC, 10301 Vista Apartments, LLC, Pines of Westbury,
Ltd., 201 Ashton Oaks Apartments, LLC, 13875 Cranbook Forest
Apartments, LLC, 5900 Crystal Springs Apartments, LLC, 7107 Las
Palmas Apartments, LLC, 11911 Park Texas Apartments, LLC, 1201 Oaks
of Brittany Apartments LLC, 3504 Mesa Ridge Apartments, LLC, 667
Maxey Village Apartments, LLC, 17103 Pine Forest Apartments, LLC,
7600 Royal Oaks Apartments, LLC, and 4101 Pointe Apartments, LLC
(collectively, the "H14 Portfolio Debtors"); and (3) The Oaks of
Stonecrest Apartments, LLC ("Oaks at Stonecrest")(the FX3 Portfolio
Debtors, the H14 Portfolio Debtors and Oaks at Stonecrest are
collectively referred as the "Property-Owning Debtors").

The FX3 Portfolio Debtors own 8 apartment projects in Texas,
Maryland, Virginia, and South Carolina, which properties total
1,850 housing units.  The H14 Portfolio Debtors own 14 apartment
projects in Texas, which consist of a total of 5,050 housing units.
Oaks at Stonecrest owns a single apartment project in Lithonia,
Georgia, which has 280 housing units.

The Debtors have tapped Pachulski Stang Ziehl & Jones LLP, as
counsel.


VARIANT HOLDING: H14 Debtors Seek to Use Cash Collateral
--------------------------------------------------------
Variant Holding Company, LLC's subsidiaries identified as the H14
Portfolio Debtors submitted a motion for approval to use cash
collateral and other collateral in which Centennial Bank has or may
assert an interest.

The H14 Portfolio Debtors are part of a multi-tiered capital
structure that owns 14 apartment projects in Texas.  The Properties
consist of approximately 5,050 housing units.  The Lynd Company is
the current property manager for the Properties.  The H14
Properties are subject to the mortgage loan of Centennial Bank,
which is owed approximately $55,271,546, plus fees and interest.

The H14 Portfolio Debtors require access to Cash Collateral to
permit, among other things, the continued full and timely
performance of the H14 Portfolio Debtors' obligations under the
applicable management agreements for each of the Properties with
Property Manager.  Without access to Cash Collateral, the H14
Portfolio Debtors would be forced to cease operations and liquidate
their assets.

Cash Collateral usage alone will not be sufficient to meet the cash
needs of the Properties, as well as to service the mortgage debt of
the Lender, which the H14 Portfolio Debtors propose to continue to
do. The H14 Portfolio Debtors are therefore separately seeking;
approval of a junior' secured debtor-in-possession financing
facility to be provided by the Beach Point Funds.

The Debtors say there is significant equity value in the
Properties, and it is anticipated that all allowed, unsubordinated
claims of the H14 Portfolio Debtors ultimately will be paid in
full.

The Motion proposes that the H14 Portfolio Debtors' authority to
use Cash Collateral will expire (the "Termination Date")
on the earliest of: (i} the H14 Portfolio Debtors' failure, within
35 days after the Petition Date, to obtain entry of the Final
Order; (ii) subject to the cure rights set forth in Paragraph 30(e)
of the Interim Order and any intercreditor agreement -- Beach Point
Intercreditor Agreement -- by and between the Lender and the Beach
Point Funds, the occurrence of an Event of Default (other than an
Event of Default arising out of the failure to satisfy the
condition set forth in Paragraph 30(a)(iii) of the Interim Order on
or before the Outside Closing Date); (iii) the closing date of the
sale of substantially all of the assets of the H14 Portfolio
Debtors; (iv) the occurrence of the effective date of a Chapter 11
plan for any of the H14 Portfolio Debtors; and (v) Dec. 1, 2016.

The H14 Portfolio Debtors will provide adequate protection to the
Lender, subject to a Carve-Out, as follows: (i) solely to the
extent of any Diminution of Value and subject to the Permitted
Priority Liens, an additional and replacement security interest in
and lien on any and all Prepetition Collateral and, subject to
entry of the Final Order, the proceeds of any causes of action
udder Sections 502(d), 544, 545, 547, 548, 550, or 553 of the
Bankruptcy Code; and (ii) as provided for in the Budget, monthly
payment to the Lender of an amount equal to the monthly accruing
non-default interest rate of 7% per annum plus the amount necessary
to reimburse the Lender for the reasonable fees and costs incurred
in connection with these bankruptcy cases.  

The "Permitted Priority Liens" are third-party liens, as of the
Petition Date or thereafter, that: (i) had or have priority under
applicable law over the Prepetition Liens, (ii) were not or are not
subordinated by agreement or applicable law, and (iii) were or are
non-avoidable, valid, properly perfected and enforceable as of the
Petition Date.

To the extent the adequate protection provided in the Interim Order
proves to be inadequate to protect the Lender's interest in the
Prepetition Collateral, the Lender will have a priority claim to
the fullest extent permitted under Section 507(b) of the Bankruptcy
Code.

Judge Brendan L. Shannon on Jan. 19, 2016, granted interim approval
to the H14 Portfolio Debtors' motion to use cash collateral.  A
final hearing is scheduled for Feb. 11.  A copy of the Interim
Order is available for free at:

    http://bankrupt.com/misc/Variant_H_691_H14_Int_Cash_Ord.pdf

                       About Variant Holding

Tucson, Arizona-based Variant Holding Company, LLC, and its direct
and indirect subsidiaries are a commercial real estate business
with direct and indirect ownership interests in 23 real property
interests in various states.

Variant Holding commenced bankruptcy proceedings under Chapter 11
of the U.S. Bankruptcy Code in Delaware (Case No. 14-12021) on Aug.
28, 2014.  Variant Holding estimated $100 million to $500 million
in assets and less than $100 million in debt.

Members holding the majority of the interests in the company,
namely Conix WH Holdings, LLC, Conix Inc., Numeric Holding
Company, LLC, Walkers Dream Trust, and Variant Royalty Group, LP,
signed the resolution authorizing the bankruptcy filing.

Variant's subsidiaries filed voluntary Chapter 11 petitions on Jan.
12, 2016.  Variant's property-owning subsidiaries, which own 23
apartment complexes, and which are debtors are: (1) Broadmoor
Apartments, LLC, Chesapeake Apartments, LLC, Holly Ridge
Apartments, LLC, Holly Tree Apartments, LLC, Preston Valley
Apartments, LLC, Ravenwood Hills Apartments, LLC, River Road
Terrace Apartments, LLC, and Sandridge Apartments, LLC
(collectively, the "FX3 Portfolio Debtors"); (2) 10400 Sandpiper
Apartments, LLC, 10301 Vista Apartments, LLC, Pines of Westbury,
Ltd., 201 Ashton Oaks Apartments, LLC, 13875 Cranbook Forest
Apartments, LLC, 5900 Crystal Springs Apartments, LLC, 7107 Las
Palmas Apartments, LLC, 11911 Park Texas Apartments, LLC, 1201 Oaks
of Brittany Apartments LLC, 3504 Mesa Ridge Apartments, LLC, 667
Maxey Village Apartments, LLC, 17103 Pine Forest Apartments, LLC,
7600 Royal Oaks Apartments, LLC, and 4101 Pointe Apartments, LLC
(collectively, the "H14 Portfolio Debtors"); and (3) The Oaks of
Stonecrest Apartments, LLC ("Oaks at Stonecrest")(the FX3 Portfolio
Debtors, the H14 Portfolio Debtors and Oaks at Stonecrest are
collectively referred as the "Property-Owning Debtors").

The FX3 Portfolio Debtors own 8 apartment projects in Texas,
Maryland, Virginia, and South Carolina, which properties total
1,850 housing units.  The H14 Portfolio Debtors own 14 apartment
projects in Texas, which consist of a total of 5,050 housing units.
Oaks at Stonecrest owns a single apartment project in Lithonia,
Georgia, which has 280 housing units.

The Debtors have tapped Pachulski Stang Ziehl & Jones LLP, as
counsel.


VARIANT HOLDING: Meeting of Creditors Set for Feb. 11
-----------------------------------------------------
The meeting of creditors of Laser Focus Holding Company LLC and its
affiliates is set to be held on Feb. 11, 2016, at 1:30 p.m.,
according to a filing with the U.S. Bankruptcy Court for the
District of Delaware.

The meeting will be held at J. Caleb Boggs Federal Building, 2nd
Floor, Room 2112, 844 King Street, Wilmington, Delaware.

Laser Focus and 33 other subsidiaries of Variant Holding Company,
LLC filed for Chapter 11 protection on Jan. 12.  

                       About Variant Holding

Tucson, Arizona-based Variant Holding Company, LLC, and its direct
and indirect subsidiaries are a commercial real estate business
with direct and indirect ownership interests in 23 real property
interests in various states.

Variant Holding commenced bankruptcy proceedings under Chapter 11
of the U.S. Bankruptcy Code in Delaware (Case No. 14-12021) on Aug.
28, 2014.  Variant Holding estimated $100 million to $500 million
in assets and less than $100 million in debt.

Members holding the majority of the interests in the company,
namely Conix WH Holdings, LLC, Conix Inc., Numeric Holding
Company, LLC, Walkers Dream Trust, and Variant Royalty Group, LP,
signed the resolution authorizing the bankruptcy filing.

Laser Focus Holding Company LLC and 33 other subsidiaries of
Variant filed voluntary Chapter 11 petitions on Jan. 12, 2016.
Variant's property-owning subsidiaries, which own 23 apartment
complexes, and which are debtors are: (1) Broadmoor Apartments,
LLC, Chesapeake Apartments, LLC, Holly Ridge Apartments, LLC, Holly
Tree Apartments, LLC, Preston Valley Apartments, LLC, Ravenwood
Hills Apartments, LLC, River Road Terrace Apartments, LLC, and
Sandridge Apartments, LLC (collectively, the "FX3 Portfolio
Debtors"); (2) 10400 Sandpiper Apartments, LLC, 10301 Vista
Apartments, LLC, Pines of Westbury, Ltd., 201 Ashton Oaks
Apartments, LLC, 13875 Cranbook Forest Apartments, LLC, 5900
Crystal Springs Apartments, LLC, 7107 Las Palmas Apartments, LLC,
11911 Park Texas Apartments, LLC, 1201 Oaks of Brittany Apartments
LLC, 3504 Mesa Ridge Apartments, LLC, 667 Maxey Village Apartments,
LLC, 17103 Pine Forest Apartments, LLC, 7600 Royal Oaks Apartments,
LLC, and 4101 Pointe Apartments, LLC (collectively, the "H14
Portfolio Debtors"); and (3) The Oaks of Stonecrest Apartments, LLC
("Oaks at Stonecrest")(the FX3 Portfolio Debtors, the H14 Portfolio
Debtors and Oaks at Stonecrest are collectively referred as the
"Property-Owning Debtors").

The FX3 Portfolio Debtors own 8 apartment projects in Texas,
Maryland, Virginia, and South Carolina, which properties total
1,850 housing units.  The H14 Portfolio Debtors own 14 apartment
projects in Texas, which consist of a total of 5,050 housing units.
Oaks at Stonecrest owns a single apartment project in Lithonia,
Georgia, which has 280 housing units.

The Debtors have tapped Pachulski Stang Ziehl & Jones LLP, as
counsel and UpShot Services LLC as claims and noticing agent.


VARIANT HOLDING: Oaks at Stonecrest Seeks to Use Cash Collateral
----------------------------------------------------------------
Variant Holding Company, LLC's subsidiary The Oaks at Stonecrest
filed a motion to use cash collateral in which Arbor Realty SR,
Inc., has or may assert an interest.

Oaks at Stonecrest owns and operates an apartment complex in
Georgia.  The Property consists of approximately 280 housing units.
The Lynd Company is the current property manager for the
Properties.  The Oaks Property is subject to the mortgage loan of
Arbor Realty SR, Inc., which is owed $5,000,000 plus fees and
interest.

At this time, the Debtor requires access to Cash Collateral to
permit, among other things, the continued full and timely
performance of the Debtor's obligations under the management
agreement for the Property with the Property Manager.  Without
access to Cash Collateral, the Debtor would be forced to cease
operations and liquidate its assets.

Based on the Debtor's current projections, Cash Collateral usage
alone should be sufficient to meet the cash needs of the Property,
as well as to service the mortgage debt of the Leader, which the;
Debtor propose to continue to do.  Nonetheless, the Debtor is
separately seeking approval of a junior secured
debtor-in-possession financing facility to be provided by the Beach
Point Funds.

The Debtors say there is significant equity value in the
Properties, and it is anticipated that all allowed, unsubordinated
claims of the H14 Portfolio Debtors ultimately will be paid in
full.

The Motion proposes that the Debtor's authority to use Cash
Collateral will expire on the earliest of: (a) 11:59 p.m. ET on
Nov. 30, 2016, (b) appointment of a Chapter 11 trustee or an
examiner with expanded powers, (c) conversion of the Debtor's case
to a Chapter 7 case, (d) lifting of the automatic stay to allow any
lender under a DIP Loan or any other. secured creditor to foreclose
its liens on any material portion of the Collateral, (e) the entry
of any order granting relief under Section 506(c) of the Bankruptcy
Code or otherwise surcharging any of the Collateral, (f) except as
otherwise expressly provided in this Interim Order; the filing by
the Debtor, Variant or any affiliated debtor, without the Lender's
prior written consent, of any motion to obtain financing under
Section 364 of the Bankruptcy Code from any person other than the
Lender, or otherwise to grant a lien or security interest on any of
the Collateral in favor of any person other than Lender, (g) except
as otherwise expressly provided in the Interim Order, the filing by
the Debtor, Variant or any affiliated debtor, of any motion to sell
any of the Collateral that does not satisfy the Pre-Petition
Indebtedness in cash in full, including any obligations to the
Lender thereunder incurred prepetition or postpetition, (h) the
commencement of an adversary proceeding or other litigation by the
Debtor or any person acting or purporting to act on behalf of the
Debtor's estate against the Lender or any affiliate thereof, (i)
the filing of a plan of reorganization or liquidation except as
consented to in writing by the Lender, unless such plan does not
impair the Lender's claims in any respect, (j) the filing by the
Debtor, Variant, any affiliated debtor, any committee or any other
party in interest, of a motion for, or a plan calling for or
premised upon, substantive consolidation of the assets and
liabilities of the Debtor and with the assets and liabilities of
any other entity or entities, or (k) the Debtor's failure to comply
with any provision of the Interim Order.

In the event of the sale of any of the Collateral pursuant to
section 363 of the Bankruptcy Code or under a plan of
reorganization or liquidation, the Lender will have the right (at
an auction or otherwise) to credit-bid an amount equal to all or
any portion of the Pre-Petition Indebtedness plus any amounts
accrued with respect to the Loan after the Petition Date.

The Debtor will provide adequate protection to the Lender, subject
to a Carve-Out, as follows: (i) solely to the extent of any
Diminution of Value and subject to the Permitted Priority Liens, an
additional and replacement security interest in and lien (the
"Replacement Liens") on any and all Prepetition Collateral and,
subject to entry of the Final Order, the proceeds of any causes of
action under Sections 502(d), 544, 545, 547, 548, 550, or 553 of
the Bankruptcy Code; and (ii) as provided for in the Budget,
monthly payment to the Lender of an amount equal to the monthly
accruing non-default interest charge plus the amount necessary to
reimburse the Lender for the reasonable fees and costs incurred in
connection with the bankruptcy case.  The "Permitted Priority
Liens" are any prior existing, validly perfected and unavoidable
liens and security interests in Debtor's assets.

To the extent the adequate protection provided in the Interim Order
proves to be inadequate to protect the Lender's interest in the
Prepetition Collateral, the Lender will have a priority claim to
the fullest extent permitted under Section 507(b) of the Bankruptcy
Code.

Judge Brendan L. Shannon on Jan. 19, 2016, granted interim approval
to the Debtor's motion to use cash collateral.  A final hearing is
scheduled for Feb. 11.  A copy of the Interim Order is available
for free at:

    http://bankrupt.com/misc/Variant_H_694_Oaks_Int_Cash_Ord.pdf

                       About Variant Holding

Tucson, Arizona-based Variant Holding Company, LLC, and its direct
and indirect subsidiaries are a commercial real estate business
with direct and indirect ownership interests in 23 real property
interests in various states.

Variant Holding commenced bankruptcy proceedings under Chapter 11
of the U.S. Bankruptcy Code in Delaware (Case No. 14-12021) on Aug.
28, 2014.  Variant Holding estimated $100 million to $500 million
in assets and less than $100 million in debt.

Members holding the majority of the interests in the company,
namely Conix WH Holdings, LLC, Conix Inc., Numeric Holding
Company, LLC, Walkers Dream Trust, and Variant Royalty Group, LP,
signed the resolution authorizing the bankruptcy filing.

Variant's subsidiaries filed voluntary Chapter 11 petitions on Jan.
12, 2016.  Variant's property-owning subsidiaries, which own 23
apartment complexes, and which are debtors are: (1) Broadmoor
Apartments, LLC, Chesapeake Apartments, LLC, Holly Ridge
Apartments, LLC, Holly Tree Apartments, LLC, Preston Valley
Apartments, LLC, Ravenwood Hills Apartments, LLC, River Road
Terrace Apartments, LLC, and Sandridge Apartments, LLC
(collectively, the "FX3 Portfolio Debtors"); (2) 10400 Sandpiper
Apartments, LLC, 10301 Vista Apartments, LLC, Pines of Westbury,
Ltd., 201 Ashton Oaks Apartments, LLC, 13875 Cranbook Forest
Apartments, LLC, 5900 Crystal Springs Apartments, LLC, 7107 Las
Palmas Apartments, LLC, 11911 Park Texas Apartments, LLC, 1201 Oaks
of Brittany Apartments LLC, 3504 Mesa Ridge Apartments, LLC, 667
Maxey Village Apartments, LLC, 17103 Pine Forest Apartments, LLC,
7600 Royal Oaks Apartments, LLC, and 4101 Pointe Apartments, LLC
(collectively, the "H14 Portfolio Debtors"); and (3) The Oaks of
Stonecrest Apartments, LLC ("Oaks at Stonecrest")(the FX3 Portfolio
Debtors, the H14 Portfolio Debtors and Oaks at Stonecrest are
collectively referred as the "Property-Owning Debtors").

The FX3 Portfolio Debtors own 8 apartment projects in Texas,
Maryland, Virginia, and South Carolina, which properties total
1,850 housing units.  The H14 Portfolio Debtors own 14 apartment
projects in Texas, which consist of a total of 5,050 housing units.
Oaks at Stonecrest owns a single apartment project in Lithonia,
Georgia, which has 280 housing units.

The Debtors have tapped Pachulski Stang Ziehl & Jones LLP, as
counsel.


VARIANT HOLDING: Proposes $20MM Add'l Financing for Subsidiaries
----------------------------------------------------------------
Variant Holding Company, LLC, which sent its subsidiaries to
Chapter 11 bankruptcy in January 2016, to pursue a $190 million
sale of their apartment complexes, filed a motion asking for
approval to obtain additional new money financing of $20 million
from Beach Point Funds for its subsidiaries.

The proposed DIP Loan for Variant and its Subsidiary-Debtors, if
fully drawn, will have an outstanding principal amount of over
$42,000,000, which includes a roll-up of $22 million financing
granted to Variant when it filed for bankruptcy in 2014.

As reflected in the budget, the bulk of the new money under the DIP
Agreement is allocated to Variant's property-owning subsidiaries
("Property-Owning Debtors"), which sought bankruptcy protection on
Jan. 12, 2015.  The 23 apartment complexes of the Property-Owning
Debtors are the Debtors' principal assets and the value thereof
forms the basis for generating recoveries by the creditors of these
estates.  The Properties require immediate funding in order to
ensure that the Property-Owning Debtors have sufficient capital to
fund necessary repairs, maintenance, and other services in a timely
manner.

The DIP Lenders are conditioning payment of their principal and
interest upon the completion of sales of the Properties.

                        Previous Financing

The Beach Point Funds have provided postpetition financing to
Variant since the latter sought bankruptcy protection in August
2014.  The Court on Nov. 17, 2014, entered a final order
authorizing Variant to obtain postpetition financing in the amount
of $10,000,000, which was subsequently increased.  As of the
Subsidiary Petition Date of Jan. 12, 2016, the outstanding
principal amount due and owing by Variant and the HoldCo DIP
Guarantors under the HoldCo DIP Agreement is $22,397,109.  A
portion of the advances under the HoldCo DIP Loan -- $3,321,602 --
was retained by Variant to fund its own overhead and administrative
expenses of its Chapter 11 case.  The remaining majority of the
proceeds of the HoldCo DIP Loan borrowed by Variant -- $19,075,508
-- were loaned to the Property-Owning Debtors in order to fund
their operating expenses and preserve the Properties pending a
sale, which is the goal of their present Chapter 11 cases.

The predecessors to the Beach Point Funds loaned $73,500,000 before
Variant's Chapter 11 filing.  As of Sept. 1, 2014, the amount owing
to Beach Point Funds under the Prepetition Loan Agreement was
$78,038,714, including, without limitation, (A) $2,750,000 for
attorney's fees and expenses of the Beach Point Funds, (B)
$75,250,000 for unpaid principal, interests and all other fees,
expenses and costs, and (c) $38,714 for the Prepetition
Administrative Agents attorney's fees, expenses and other fees.
Variant's obligations under the Prepetition Loan Agreement were
secured by substantially all assets of Variant and certain assets
of the guarantors.

The properties of the Property-Owning Debtors are subject to
mortgage loans:

   * The FX3 Properties are subject to the mortgage loan of Wells
Fargo Bank, N.A., as trustee and C-III Asset Management LLC, as
special servicer, which are owed $51,684,385, plus fees and
interest, as of the Subsidiary Petition Date.

   * The H14 Properties are subject to the mortgage loan of
Centennial Bank, which is owed approximately $55,271,546, plus fees
and interest.

   * The Oaks Property is subject to the mortgage loan of Arbor
Realty SR, Inc., which is owed $5,000,000 plus fees and interest.

                      Terms of New DIP Loan

In the present Motion, the Debtors seek authorization to enter into
the Amended and Restated Debtor-in-Possession Loan, Security and
Guaranty Agreement dated as of Jan. 14, 2016, with BPC VHI, L.P.,
Beach Point Total Return Master Fund, L.P., and Beach Point
Distressed Master Fund, L.P., as the lenders (the "Beach Point
Funds" or the "DIP Lenders") and Cortland Capital Market Services
LLC, as administrative agent.

The DIP Loan consists of:

   (a) a "Tranche A Loan" in the principal amount of $3,321,602
plus fees accrued through the Subsidiary Petition Date, which
amount has already been advanced by the DIP Lenders to Variant to
fund its operations under the Debtor-in-Possession Loan, Security
and Guaranty Agreement dated as of Oct. 31, 2014 (as amended,
supplemented, or otherwise modified and in effect from time to
time, the "HoldCo DIP Agreement"), by and among debtor Variant
Holding, the Guarantors (the "HoldCo DIP Guarantors"), the Beach
Point Funds as lenders (the "Ho1dCo DIP Lenders"), and Cortland as
administrative agent.  Variant will be the only borrower of the
Tranche A Loan;

   (b) a "Tranche B1 Loan" in the principal amount of $19,075,508,
which amount has already been advanced by the DIP Lenders under the
HoldCo DIP Agreement and loaned by Variant to the other DIP
Borrowers to fund their operations and preserve their properties in
the period leading up to the commencement of their Chapter 11
cases.  All DIP Borrowers will be deemed borrowers of the Tranche
B1 Loan upon entry of the Interim Order; and

   (c) a "Tranche B2 Loan" in an aggregate principal amount of
$20,000,000 of additional postpetition financing to be used to fund
the operating expenses incurred by the Property-Owning Debtors and
certain of Variant's overhead expenses (excluding Chapter 11
professional fees), subject to increase for any Permitted Cure
Advances up to $2,000,000, with all of the DIP Borrowers as
borrowers of the Tranche B2 Loan.

The Debtors also seek approval to use cash collateral and borrow
under the DIP Agreement, on an interim basis, the Initial Advance
under the Tranche B2 Loan in an amount up to $6,000,000, plus
Permitted Cure Advances up to an aggregate amount not to exceed
$2,000,000, on or after the date of the entry of the Interim Order
and through the date of entry of the Final Order.

The proposed DIP Loan contains cross-collateralization and the
securing or satisfaction of prepetition debt with postpetition
obligations.  The proposed DIP Orders cross-collateralize a portion
of the prepetition debt under the HoldCo DIP Agreement totaling
$19,075,508, which is equal to the principal and interest owing on
account of the loan proceeds that were borrowed by Variant and then
distributed to the Property-Owning Debtors to fund their operating
expenses and preserve their properties in the period leading up to
their chapter 11 cases, as the Tranche B1 Loan through the grant of
blanket security interests in the assets of the Property-Owning
Debtors.

The Tranche A Loan will bear interest on the unpaid principal
amount thereof at a per annum rate equal to 14.2% calculated on the
basis of a 360-day year for the actual days elapsed.  The Tranche B
Loan will bear interest at a per annum rate equal to 6%. The DIP
Administrative Agent will be paid agent fees in an amount of
$22,500 each year.

The Debtors say the economic terms of the DIP Loan are quite
favorable to them -- particularly given the relative priority of
the DIP Liens.  The proposed financing is at an interest rate of 6%
per annum and contains no commitment or line fees of any kind.  In
fact, under the DIP Loan, interests on the sum of $19,075,508 owing
with respect to the Tranche B1 Loan is reduced from 14.2% to 6%.
In addition, the DIP Lenders are proposing to take a subordinate
position to the liens and claims of the Mortgage Lenders and
existing, non-subordinated mechanics' lien claimants of the
Property-Owning Debtors.

The DIP Loan will mature on the later of (i) Oct. 31, 2016, or (ii)
if the Court enters a report an recommendation in form and
substance reasonably satisfactory to the Lenders by Aug. 31, 2016
approving a winning bidder for the sale of substantially all of the
assets of the Property-Owning Debtors, Nov. 30, 2016; or, in case
upon the earlier termination of the DIP Loan.

The Debtors considered whether alternative financing would be
available from the Mortgage Lenders themselves and made inquiries
of the Mortgage Lenders, but the Beach Point Funds made an effort
to beat any alternative proposal with terms that were highly
beneficial to the estates.

                       Interim Order Entered

Judge Brendan L. Shannon on Jan. 19, 2015, entered an order
approving the DIP Loan on an interim basis.  According to the
Interim Order, debtor Oaks at Stonecrest LLC will not be a party to
the DIP Agreement.   A final hearing is set for Feb. 11, 2016, at
10:00 a.m., with objections to entry of the Final Order due Feb. 4,
2016, at 4:00 p.m.  The Debtors asked the Court to schedule a Final
Hearing that's on or before Feb. 15.

A copy of the Interim DIP Order is available for free at:

   http://bankrupt.com/misc/Variant_H_698_Int_DIP_Order.pdf

The Debtors' attorneys:

         Richard M. Pachulski, Esq.
         Maxim B. Litvak, Esq.
         Peter J. Keane, Esq.
         PACHULSKI STANG ZIEHL & JONES LLP
         919 North Market Street, 17th Floor
         Wilmington, DE 19801
         Tel: 302-652-4100
         Fax: 302-652-4400
         E-mail: rpachulski@psjlaw.com
                 mlitvak@psjlaw.com
                 pkeane@pszjlaw.com

                       About Variant Holding

Tucson, Arizona-based Variant Holding Company, LLC, and its direct
and indirect subsidiaries are a commercial real estate business
with direct and indirect ownership interests in 23 real property
interests in various states.

Variant Holding commenced bankruptcy proceedings under Chapter 11
of the U.S. Bankruptcy Code in Delaware (Case No. 14-12021) on Aug.
28, 2014.  Variant Holding estimated $100 million to $500 million
in assets and less than $100 million in debt.

Members holding the majority of the interests in the company,
namely Conix WH Holdings, LLC, Conix Inc., Numeric Holding
Company, LLC, Walkers Dream Trust, and Variant Royalty Group, LP,
signed the resolution authorizing the bankruptcy filing.

Variant's subsidiaries filed voluntary Chapter 11 petitions on Jan.
12, 2016.  Variant's property-owning subsidiaries, which own 23
apartment complexes, and which are debtors are: (1) Broadmoor
Apartments, LLC, Chesapeake Apartments, LLC, Holly Ridge
Apartments, LLC, Holly Tree Apartments, LLC, Preston Valley
Apartments, LLC, Ravenwood Hills Apartments, LLC, River Road
Terrace Apartments, LLC, and Sandridge Apartments, LLC
(collectively, the "FX3 Portfolio Debtors"); (2) 10400 Sandpiper
Apartments, LLC, 10301 Vista Apartments, LLC, Pines of Westbury,
Ltd., 201 Ashton Oaks Apartments, LLC, 13875 Cranbook Forest
Apartments, LLC, 5900 Crystal Springs Apartments, LLC, 7107 Las
Palmas Apartments, LLC, 11911 Park Texas Apartments, LLC, 1201 Oaks
of Brittany Apartments LLC, 3504 Mesa Ridge Apartments, LLC, 667
Maxey Village Apartments, LLC, 17103 Pine Forest Apartments, LLC,
7600 Royal Oaks Apartments, LLC, and 4101 Pointe Apartments, LLC
(collectively, the "H14 Portfolio Debtors"); and (3) The Oaks of
Stonecrest Apartments, LLC ("Oaks at Stonecrest")(the FX3 Portfolio
Debtors, the H14 Portfolio Debtors and Oaks at Stonecrest are
collectively referred as the "Property-Owning Debtors").

The FX3 Portfolio Debtors own 8 apartment projects in Texas,
Maryland, Virginia, and South Carolina, which properties total
1,850 housing units.  The H14 Portfolio Debtors own 14 apartment
projects in Texas, which consist of a total of 5,050 housing units.
Oaks at Stonecrest owns a single apartment project in Lithonia,
Georgia, which has 280 housing units.

The Debtors have tapped Pachulski Stang Ziehl & Jones LLP, as
counsel.


VARIANT HOLDING: Units File for Ch. 11 to Pursue $190-Mil. Sale
---------------------------------------------------------------
Property-owning subsidiaries of Variant Holding Company LLC
followed their parent into Chapter 11 bankruptcy to pursue a sale
of the assets to its current lender, Beach Point Funds, for $190
million, absent higher and better offers.

The Subsidiary-Debtors endeavored to pursue the sales out-of-court.
However, they were unable to obtain title insurance with respect
to such sale, primarily due to an appeal filed by certain direct
and indirect equity holders of Variant with respect to the Court's
order prior authorizing such sale.  The commencement of the Chapter
11 cases by the Subsidiary Debtors was necessary to permit them to
obtain title insurance, thereby facilitating an orderly sale of the
Properties.

In furtherance of that goal, the Property-Owning Debtors are
finalizing documentation with respect to a stalking horse purchase
agreement, pursuant to which the Beach Point Funds or one or more
affiliates will acquire the Properties for $190,000,000, subject to
overbids.

Under the Stalking Horse Purchase Agreement, if the Beach Point
Funds acquire the Properties, they will, up to an aggregate amount
of $190,000,000, (i) assume or satisfy all claims allowed against
the DIP Borrowers that are not prohibited from being paid prior to
satisfaction of the Prepetition Secured Obligations, and (ii) waive
distributions on account of their claims under the DIP Agreement
and the Prepetition Secured Obligations.

Variant says the total mortgage debt on the Properties is
approximately $112 million.  Hence, there is a substantial equity
cushion in the assets of the Property-Owning Debtors.  The Debtors
believe that an orderly sale and plan confirmation process will
preserve and maximize such value for the benefit of all
constituents in the Chapter 11 cases.

                       About Variant Holding

Tucson, Arizona-based Variant Holding Company, LLC, and its direct
and indirect subsidiaries are a commercial real estate business
with direct and indirect ownership interests in 23 real property
interests in various states.

Variant Holding commenced bankruptcy proceedings under Chapter 11
of the U.S. Bankruptcy Code in Delaware (Case No. 14-12021) on Aug.
28, 2014.  Variant Holding estimated $100 million to $500 million
in assets and less than $100 million in debt.

Members holding the majority of the interests in the company,
namely Conix WH Holdings, LLC, Conix Inc., Numeric Holding
Company, LLC, Walkers Dream Trust, and Variant Royalty Group, LP,
signed the resolution authorizing the bankruptcy filing.

Variant's subsidiaries filed voluntary Chapter 11 petitions on Jan.
12, 2016.  Variant's property-owning subsidiaries, which own 23
apartment complexes, and which are debtors are: (1) Broadmoor
Apartments, LLC, Chesapeake Apartments, LLC, Holly Ridge
Apartments, LLC, Holly Tree Apartments, LLC, Preston Valley
Apartments, LLC, Ravenwood Hills Apartments, LLC, River Road
Terrace Apartments, LLC, and Sandridge Apartments, LLC
(collectively, the "FX3 Portfolio Debtors"); (2) 10400 Sandpiper
Apartments, LLC, 10301 Vista Apartments, LLC, Pines of Westbury,
Ltd., 201 Ashton Oaks Apartments, LLC, 13875 Cranbook Forest
Apartments, LLC, 5900 Crystal Springs Apartments, LLC, 7107 Las
Palmas Apartments, LLC, 11911 Park Texas Apartments, LLC, 1201 Oaks
of Brittany Apartments LLC, 3504 Mesa Ridge Apartments, LLC, 667
Maxey Village Apartments, LLC, 17103 Pine Forest Apartments, LLC,
7600 Royal Oaks Apartments, LLC, and 4101 Pointe Apartments, LLC
(collectively, the "H14 Portfolio Debtors"); and (3) The Oaks of
Stonecrest Apartments, LLC ("Oaks at Stonecrest")(the FX3 Portfolio
Debtors, the H14 Portfolio Debtors and Oaks at Stonecrest are
collectively referred as the "Property-Owning Debtors").

The FX3 Portfolio Debtors own 8 apartment projects in Texas,
Maryland, Virginia, and South Carolina, which properties total
1,850 housing units.  The H14 Portfolio Debtors own 14 apartment
projects in Texas, which consist of a total of 5,050 housing units.
Oaks at Stonecrest owns a single apartment project in Lithonia,
Georgia, which has 280 housing units.

The Debtors have tapped Pachulski Stang Ziehl & Jones LLP, as
counsel.


VERSO CORPORATION: Files for Ch. 11 Amid Decline in Paper Demand
----------------------------------------------------------------
Verso Corporation, et al., sought Chapter 11 bankruptcy protection
blaming a confluence of external factors, including a sharp decline
in demand for coated paper products, a significant increase in
foreign imports and decline in exports resulting from a strong U.S.
dollar, the delay in consummating the NewPage acquisition, and the
Company's impending financial obligations.

According to Allen J. Campbell, senior vice president and chief
financial officer of Verso Corporation, the coated paper industry
faces a long-term, structural decline.  He added that from 2010 to
2014, demand for coated paper in the United States has fallen by
roughly 16%.

"As society becomes increasingly dependent on digital technology
products such as laptops, smartphones, and tablet computers,
spending on advertising and magazine circulation have eroded,
resulting in an overall decline in the demand for coated paper,"
Mr. Campbell said.

Mr. Campbell maintained that the demand for coated paper is
expected to continue to steadily decline in the future, with market
volumes in 2016 projected to be 3% below 2015 levels.  He added
that the prolonged decline in demand for coated paper has had a
significant impact on the Debtors' profitability.

Moreover, Mr. Campbell said the decline in the Debtors' performance
from the recent increase in foreign imports and reduction in
exports, coupled with the overall decline in demand, has been
significant.

On Jan. 7, 2015, Verso completed the acquisition of NewPage,
approximately one year after initially entering into the
Acquisition Agreement.  The consummation of the NewPage acquisition
was delayed as the Debtors worked with the DOJ to address antitrust
concerns raised by the proposed acquisition.

As of Sept. 30, 2015, the Debtors' funded-debt obligations exceeded
$2.8 billion, Court document shows.  The Debtors also have a
current combined annual interest expense of over $270 million.

"The Debtors' current balance sheet is unsustainable.  Absent a
restructuring of this indebtedness, the Debtors would be unable to
comply with certain covenants and payment obligations under their
debt facilities.  Moreover, due to this significant indebtedness,
the Debtors lack sufficient cash flow to maintain their business
and reinvest capital to take advantage of growth opportunities,"
said Mr. Campbell.

                       First Day Motions

Concurrently with the filing of these Chapter 11 cases, the Debtors
have filed the following first day pleadings seeking authority to,
among other things:

  (a) prohibit utility providers from discontinuing services;

  (b) pay employee compensation;

  (c) pay prepetition critical vendor claims;

  (d) use existing cash management system; and

  (e) obtain postpetition financing.

A full-text copy of the declaration in support of the petition is
available for free at:

       http://bankrupt.com/misc/20_VERSO_Declaration.pdf

                     About Verso Corporation

Verso Corporation and 26 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10163 to
16-10189, respectively) on Jan. 26, 2016.  The petitions were
signed by David Paterson as president and chief executive officer.

Verso Corporation claims to be the leading North American producer
of coated papers, which are used primarily in magazines, catalogs,
high-end advertising brochures and annual reports, among other
media and marketing publications.  The Debtors employ approximately
5,200 personnel.

The Debtors disclosed total assets of $2.9 billion and total debts
of $3.87 million.

The Debtors have engaged O'Melveny & Myers LLP as general counsel,

Paul, Weiss, Rifkind, Wharton & Garrison LLP as corporate counsel,

Richards, Layton & Finger, P.A. as Delaware counsel, PJT Partners
L.P. as investment banker, Alvarez & Marsal North America, LLC as
financial advisor and Prime Clerk LLC as claims and noticing agent.


VERSO CORPORATION: Has Restructuring Support Agreement, Financing
-----------------------------------------------------------------
Verso Corporation on Jan. 27 disclosed that it has finalized a
restructuring support agreement (RSA) with creditors holding at
least a majority in principal amount of substantially all tranches
of funded debt of Verso and its subsidiaries in connection with
Verso's filing for Chapter 11 protection in the United States
Bankruptcy Court in the District of Delaware on Jan. 26.  Verso
also announced that it has finalized, subject to approval by the
bankruptcy court, a debtor-in-possession (DIP) financing package
totaling up to $600 million which will provide a clear path to a
restructuring that will benefit Verso's stakeholders.

The RSA commits Verso and the signing creditors to pursue a
consensual restructuring.  Verso and the signing creditors have
agreed to support and vote for a plan of reorganization as
contemplated by the RSA and as otherwise reasonably satisfactory.
Under the contemplated plan of reorganization, Verso will eliminate
approximately $2.4 billion in pre-bankruptcy debt.  In return, the
holders of Verso's funded debt will receive substantially all of
the equity in the reorganized Verso.  The DIP financing package
will provide Verso with significant operational flexibility to
successfully reorganize and sufficient liquidity to support its
ongoing operations for the foreseeable future during the Chapter 11
process.

"As we announced [Tues]day, filing for Chapter 11 protection was a
difficult decision for us.  The strong creditor support we received
in entering into the RSA and the fact that many of those same
creditors participated as lenders in the DIP financing package are
very gratifying.  With the support of this broad spectrum of
financial creditors, we anticipate that we will be able to enter
into a restructuring plan designed to eliminate approximately $2.4
billion of our outstanding debt and to exit the Chapter 11 process
in a short timeframe.  Upon completion of our plan, we will have a
stronger balance sheet and operations that position us for
long-term success," said Verso President and CEO David J.
Paterson.

As noted on Jan. 26, Verso is seeking immediate relief from the
bankruptcy court through the filing of customary first day motions
that will allow the company to transition its business into Chapter
11, including, among other things, granting the authority to pay
pre-petition wages, salaries and benefits and to honor customer
programs.

Verso Corporation, together with Verso Paper Holdings LLC, supplies
coated papers to catalog and magazine publishers.  Memphis,
Tennessee-based Verso is one of the largest producers of coated
groundwood paper, operating five paper machines at two mills in
Maine and Michigan.


VERSO CORPORATION: Proposes Procedures to Protect NOLs
------------------------------------------------------
Verso Corporation and its affiliates ask the Bankruptcy Court to
approve notice and hearing procedures for transferring equity
securities of the Company and claiming a worthless stock deduction.
The procedures are designed to protect and preserve the ability of
Debtors to carryover net operating losses to future taxable years
and use other tax attributes.

The Debtors believe they have significant NOLs for U.S. federal
income tax purposes.  The Debtors estimate that, as of Dec. 31,
2015, their federal income tax NOLs are approximately $1.8 billion,
a figure that could grow by the time the Debtors emerge from
Chapter 11.

According to the Debtors, the NOLs are valuable to them because the
Internal Revenue Code of 1986, as amended, permits corporations to
carry forward NOLs to offset future taxable income and, in turn,
reduce tax liability up to 20 years after the tax year in which the
NOL occurred.  Because the Debtors may use NOLs to reduce future
tax obligations, the NOLs enhance the value of their estates.

However, events during these Chapter 11 cases may deprive the
Debtors of much of the value of their NOLs -- most notably, if the
Debtors undergo an "ownership change" as defined under Section 382
of the IRC.  One way an ownership change could occur is through
transfers of Verso's stock, which is publicly traded
over-the-counter under symbol VRSV.  To prevent stock trades from
causing a value-impairing ownership change, the Debtors seek to
implement the Equity Transfer Procedures.

To prevent the loss of value resulting from an ownership change,
the Debtors request two sets of procedures intended to protect and
preserve their Tax Attributes.  The first set of procedures, the
Equity Transfer Procedures, would allow the Debtors to object to
proposed transfers of Verso stock that could jeopardize use of the
Tax Attributes.  The second set of procedures, the Worthless Stock
Deduction Procedures, would permit the Debtors to object to a Verso
shareholder that holds or has held more than 50% of
Verso's common stock from taking a worthless stock deduction for
that stock, an act that may cause an ownership change.

The Debtors further request that the Court order that any purchase,
sale, or other transfer of, or any claim of a worthless stock
deduction for, Verso equity securities in violation of the
procedures be null and void ab initio as an act in violation of the
automatic stay under Bankruptcy Code Section 362.

                      About Verso Corporation

Verso Corporation and 26 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10163 to
16-10189, respectively) on Jan. 26, 2016.  The petitions were
signed by David Paterson as president and chief executive officer.

Verso Corporation claims to be the leading North American producer
of coated papers, which are used primarily in magazines, catalogs,
high-end advertising brochures and annual reports, among other
media and marketing publications.  The Debtors employ approximately
5,200 personnel.

The Debtors disclosed total assets of $2.9 billion and total debts
of $3.87 million.

The Debtors have engaged O'Melveny & Myers LLP as general counsel,

Paul, Weiss, Rifkind, Wharton & Garrison LLP as corporate counsel,

Richards, Layton & Finger, P.A. as Delaware counsel, PJT Partners
L.P. as investment banker, Alvarez & Marsal North America, LLC as
financial advisor and Prime Clerk LLC as claims and noticing agent.


VERSO CORPORATION: Says Ch. 11 Won't Impact Daily Business
----------------------------------------------------------
Verso Corporation on Jan. 26 disclosed that the company and its
subsidiaries have filed voluntary petitions with the United States
Bankruptcy Court in the District of Delaware to reorganize under
Chapter 11 of the U.S. Bankruptcy Code.  Verso's board of directors
authorized the filing of the Chapter 11 cases to facilitate a debt
restructuring necessary to strengthen the company's balance sheet
and to position Verso for long-term success.  Verso expects the
announcement will have virtually no impact on the day-to-day
operations of the company.

"While filing for Chapter 11 protection was a difficult decision,
we are pleased that we enter this process with strong creditor
support.  We have worked together with a broad spectrum of
financial creditors to develop a restructuring plan to eliminate
$2.4 billion of our outstanding debt and to exit the Chapter 11
process in a short timeframe," said Verso President and CEO
David J. Paterson.  The expected agreement on terms for a plan of
reorganization is with creditors holding at least a majority in
principal amount of most classes of funded debt of Verso and its
subsidiaries.  Verso anticipates that upon finalizing agreed-upon
terms, the plan of reorganization would result in the holders of
its funded debt receiving equity of Verso in exchange for their
claims.

Verso also expects to finalize a debtor-in-possession (DIP)
financing package totaling up to $600 million in the next day that
will provide the company with significant operational flexibility
to successfully reorganize.  The DIP package will provide Verso
with sufficient liquidity to support its ongoing operations for the
foreseeable future during the Chapter 11 process.  

Verso will promptly seek immediate relief from the Bankruptcy Court
through the filing of customary first day motions that will allow
the company to transition its business into Chapter 11, including,
among other things, granting the authority to pay pre-petition
wages, salaries and benefits and to honor customer programs.

Paterson explained the filing, noting that "since Verso acquired
NewPage Holdings Inc. in January 2015, a confluence of external
factors, including an accelerated and unprecedented decline in
demand for our products, a significant increase in foreign imports
resulting from a strong U.S. dollar relative to foreign currencies,
and Verso's impending financial obligations made it apparent that
action was needed."  He further noted that "Verso chose to take
this proactive step with the firm belief that our company will
emerge from the Chapter 11 process as a stronger company that is
positioned to compete and win, even as challenges in the overall
economic environment continue."

Verso expects the reorganization process to have virtually no
impact on its daily business.  "Verso intends to operate our
business as usual with an unwavering focus on running our
facilities safely and efficiently, delivering the high quality
products and services our customers have come to expect from us,
maintaining valued relationships with our suppliers, protecting the
environment, and being a good neighbor in the communities where we
operate," Mr. Paterson said.

A link titled "Verso Restructuring" has been added to the home page
of Verso's website, versoco.com, to provide information about the
bankruptcy process and legal filings made with the Bankruptcy
Court.  The company's Consolidated Water Power Company subsidiary
is not part of the bankruptcy filing.

Verso Corporation, together with Verso Paper Holdings LLC, supplies
coated papers to catalog and magazine publishers.  Memphis,
Tennessee-based Verso is one of the largest producers of coated
groundwood paper, operating five paper machines at two mills in
Maine and Michigan.


VERSO CORPORATION: Wants to Pay $30-Mil. Critical Vendor Claims
---------------------------------------------------------------
Verso Corporation and its affiliated debtors seek permission from
the Bankruptcy Court to pay prepetition obligations of certain
vendors, suppliers, service providers, and similar entities that
provide goods or services critical to the ongoing operation of
their business in the ordinary course, in an amount not to exceed
$15 million on an interim basis and $30 million on a final basis.

The Debtors believe that the Critical Vendors would cease providing
goods and services to them or otherwise take action to impede their
restructuring if their prepetition claims are not paid.

The Debtors said they will use reasonable efforts where appropriate
and practicable to condition payments to Critical Vendors on each
Critical Vendor's agreement to (i) accept such payment in
satisfaction of all or a part of its Critical Vendor Claim, and
(ii) continue to provide supplies or services to the Debtors during
these Chapter 11 cases on (a) the most favorable trade terms,
practices, and programs in place during the 12 months before the
Petition Date or (b) such other favorable terms as the Debtors and
the Critical Vendor may mutually agree on.

According to Michael J. Merchant, Esq., at Richards, Layton &
Finger, P.A., counsel for the Debtors, Verso, et al., operate in a
highly specialized industry that requires them to rely heavily on
certain Critical Vendors to provide raw materials, unique parts and
equipment, and specialized services necessary to manufacture their
printing papers, specialty papers, and pulp.  Without these goods
and services, the Debtors' business would suffer severe disruption,
jeopardizing their ability to continue operating, he added.

                      About Verso Corporation

Verso Corporation and 26 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10163 to
16-10189, respectively) on Jan. 26, 2016.  The petitions were
signed by David Paterson as president and chief executive officer.

Verso Corporation claims to be the leading North American producer
of coated papers, which are used primarily in magazines, catalogs,
high-end advertising brochures and annual reports, among other
media and marketing publications.  The Debtors employ approximately
5,200 personnel.

The Debtors disclosed total assets of $2.9 billion and total debt
of $3.87 million.

The Debtors have engaged O'Melveny & Myers LLP as general counsel,

Paul, Weiss, Rifkind, Wharton & Garrison LLP as corporate counsel,

Richards, Layton & Finger, P.A. as Delaware counsel, PJT Partners
L.P. as investment banker, Alvarez & Marsal North America, LLC as
financial advisor and Prime Clerk LLC as claims and noticing agent.


WHISKEY ONE: Plan Filing Deadline Extended to Feb. 10
-----------------------------------------------------
Judge David Rice has granted Whiskey One Eight, LLC's request for
an extension of its exclusive plan filing period through Feb. 10,
2016, and its exclusive plan solicitation period through April 10,
2016.

Before the Court entered its ruling, Richard E. Polm and Polm
Development Limited Partnership filed a response opposing the
Debtor's request for extension.  The Respondents asserted that
denial of the Extension Motion would facilitate moving the case
forward.

The Court however found good cause for the requested extension.

The Polm Respondents are represented by:

          SCARLETT, CROLL & MYERS, P.A.
          Robert B. Scarlett, Esq.
          201 N. Charles St., Ste 600
          Baltimore, MD 21201
          Tel No: (410) 468-3100
          Fax No: (410) 332-4026
          E-mail: rscarlett@scarlettcroll.com

                       About Whiskey One

Whiskey One Eight, LLC filed a Chapter 11 bankruptcy petition
(Bankr. D. Md. Case No. 15-19885) on July 15, 2015.  Andrew Zois
signed the petition as managing member.  The Debtor disclosed total
assets of $18,008,600 and total liabilities of $5,100,057 as of the
Chapter 11 filing.

Lawrence Joseph Yumkas, Esq., at Yumkas, Vedmar & Sweeney, LLC as
the Debtor's counsel.  Judge David E. Rice presides over the case.


WORLDWIDE TRANSPORTATION: Case Summary & Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Worldwide Transportation Services Inc.
        14400 NW 77 Court, Suite 200
        Miami Lakes, FL 33016

Case No.: 16-11136

Chapter 11 Petition Date: January 26, 2016

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Hon. Laurel M Isicoff

Debtor's Counsel: Eyal Berger, Esq.
                  AKERMAN LLP
                  350 E Las Olas Blvd #1600
                  Ft Lauderdale, FL 33301
                  Tel: 954.463.2700
                  Email: eyal.berger@akerman.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ali A. Malek, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/flsb16-11136.pdf


YELLOW CAB CO-OP: Files for Chapter 11 Bankruptcy Protection
------------------------------------------------------------
Riley McDermid at San Francisco Business Times reports that Yellow
Cab Cooperative Inc., filed for Chapter 11 bankruptcy protection in
the U.S. Bankruptcy Court in San Francisco on Jan. 22, 2016.

A spike in accident claims over the past year is partially to blame
for the Company's troubles, NBC Bay Area relates, citing the
Company.

Pamela Martinez, the Company's president, said in court documents
that Uber Technologies Inc. and Lyft Inc. had long poached the
Company's drivers, while continuing liability claims for lawsuits
have drained the Company's coffers.

Business Times quoted Ms. Martinez as saying, "We are in the midst
of serious financial setbacks.  Some are due to business challenges
beyond our control, and others are of our own making."

The Company estimated in court documents that its assets at less
than $10 million, and its debts at between $10 million and $50
million.  The Company said in court documents that it owes over $20
million in disputed claims under civil litigation, related
arbitration and mediation, and other debts.  Cyrus Farivar at Ars
Technica states that the Company's largest creditor is a woman who
was awarded an $8 million judgment in 2015 after she sustained very
serious injuries in a 2011 taxi crash.

According to NBC Bay Area, the Company said it will "to continue
its operations as before."

Yellow Cab Co-op is San Francisco's largest taxi company.


[*] Carl Marks Advisors Announces Three Promotions
--------------------------------------------------
Carl Marks Advisors, a consulting and investment banking advisory
firm to middle market companies, announced the following three
promotions, effective immediately:

    * Charles Boguslaski – Partner
    * David Endo – Vice President
    * Jeff Pielusko – Vice President

"We are pleased to offer these three individuals promotions in
recognition of outstanding contributions they have made both to our
practice and, importantly, in support of our clients," said Duff
Meyercord, partner at Carl Marks Advisors.  "We congratulate David
and Jeff on their accomplishments, and are proud to have Chuck join
the ranks of Partners at Carl Marks Advisors, as we get ready for a
busy 2016."

Charles Boguslaski has more than 17 years of investment banking and
financial restructuring experience.  He has received several
industry recognitions for his ability to execute complex
transactions and bring creative solutions to clients.  Mr.
Boguslaski has advised on mergers and acquisitions, capital raises
and financial restructuring assignments (including Sec. 363 sales
and internal reorganizations) across a number of industries,
including energy, healthcare, consumer products, transportation,
hospitality, retail, shipping and manufacturing.  He is a board
member of Serim Research, a dry reagent technology diagnostic
company and is registered with FINRA as a General Securities
Representative.

David Endo has more than 6 years of experience providing research
and execution services for various investment banking and financial
advisory assignments, including mergers and acquisitions, debt and
equity capital raises, secured and unsecured lenders, and creditors
across the capital structure.  Endo has advised on numerous
financial restructurings (including Sec. 363 sales and internal
reorganizations) capital raises, and mergers and acquisitions
assignments across a wide range of industries that include energy,
healthcare, manufacturing, building materials, and consumer
products.  Additionally, he is registered with FINRA as a General
Securities Representative.

Jeffrey Pielusko brings 7 years of financial services experience
including expertise in strategy, planning and working capital
management.  Mr. Pielusko works closely with company owners,
management teams, boards of directors, private equity groups,
lenders and investors on engagements spanning bankruptcies,
workouts, loan restructurings, due diligence, strategic planning
and mergers and acquisitions.  His experience providing financial
advisory services comprise of a vast range of industries including
food distribution, staffing, manufacturing, energy, logistics and
healthcare.  Mr. Pielusko is also registered with FINRA as a
General Securities Representative.

Carl Marks Advisors was recently recognized as an Outstanding
Turnaround Firm for exceptional restructuring and advisory
expertise it has brought to 2015 transactions within the energy,
consumer/retail, grocery, and regional/community banking sectors.
This title was awarded to them by Turnarounds & Workouts' latest
Special Report (November) that honors the top 12 Outstanding
Turnaround Firms for 2015.

                   About Carl Marks Advisors

Carl Marks Advisory Group LLC -- http://www.carlmarksadvisors.com
-- is a New York-based consulting and investment banking advisory
firm serving middle-market companies.  It provides an array of
investment banking and operational services, including mergers and
acquisitions advice, sourcing of capital, financial restructuring
plans, strategic business assessments, improvement plans and
interim management.

The award-winning firm received the 2015 ACG New York Champion's
Award for Deal of the Year in Manufacturing; was included in
Turnarounds & Workouts 2015 Outstanding Turnaround Firms, Global
M&A Network 2014 annual listing of the Top 100 Restructuring and
Turnaround Professionals and Turnarounds & Workouts 2014
Outstanding Investment Banking Firms; received the 2013 & 2014
Turnaround Atlas Awards' Middle Market Restructuring Investment
Banker of the Year; 2013 M&A Advisor's Sector Financing Deal of the
Year (Real Estate); the 2013 Turnaround Atlas Awards' Healthcare
Services Turnaround of the Year and Mid Markets Restructuring
Investment Bank of the Year.

Securities are offered through Carl Marks Securities LLC, member
FINRA and SIPC.


[*] Fla. Bankruptcy Judge Jails Atty. Over Trust Fund Accounting
----------------------------------------------------------------
Carolina Bolado at Bankruptcy Law360 reported that a Florida
bankruptcy judge found a Palm Beach attorney in contempt of court
and ordered her arrested for failing to present accounting records
for a client trust account and for skipping out on a show cause
hearing on Jan. 19, 2016.

U.S. Bankruptcy Judge John K. Olson ordered attorney Tina Talarchyk
arrested after she failed to show up at a hearing to show cause why
sanctions should not be imposed after she failed to produce
accounting records for the trust in a personal bankruptcy case.


[*] O'Melveny & Myers Named Among BLaw360's 2015 Bankruptcy Group
-----------------------------------------------------------------
Ed Beeson at Bankruptcy Law360 reported that O'Melveny & Myers LLP
earned a place among Law360's Bankruptcy Groups of the Year.

From representing iconic gunmaker Colt Defense LLC to guiding a top
creditor in the sprawling Energy Future Holdings bankruptcy, the
restructuring attorneys at O'Melveny & Myers LLP spent 2015
hammering out deals under difficult circumstances.

The group also made its mark in the troubled energy sector when it
guided the Chapter 11 of Cal Dive International Inc., which
provides underwater services to offshore oil and natural gas
operations that was holding some $300 million in debt.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Steve Paul Goetting and Barbara A Goetting
   Bankr. D. Ariz. Case No. 16-00392
      Chapter 11 Petition filed January 15, 2016

In re Michael Edward Kelly and Alice Teresa Kelly
   Bankr. C.D. Cal. Case No. 16-10169
      Chapter 11 Petition filed January 15, 2016

In re Ki Jong Song
   Bankr. C.D. Cal. Case No. 16-10507
      Chapter 11 Petition filed January 15, 2016

In re Amalia Elizabeth Caso
   Bankr. S.D. Fla. Case No. 16-10666
      Chapter 11 Petition filed January 15, 2016

In re Maria L. Butner
   Bankr. D. Mass. Case No. 16-10130
      Chapter 11 Petition filed January 15, 2016

In re Marc Mehlman, D.M.D. P.C.
   Bankr. D.N.J. Case No. 16-10754
      Chapter 11 Petition filed January 15, 2016
         See http://bankrupt.com/misc/njb16-10754.pdf
         represented by: Bruce W. Radowitz, Esq.
                         E-mail: bradowitz@comcast.net

In re George William Piner
   Bankr. E.D.N.C. Case No. 16-00248
      Chapter 11 Petition filed January 15, 2016

In re Mark Allen Wasmuth and Meridith Phillippi Wasmuth
   Bankr. M.D.N.C. Case No. 16-80038
      Chapter 11 Petition filed January 15, 2016

In re Timothy William McClincy
   Bankr. W.D. Wash. Case No. 16-10176
      Chapter 11 Petition filed January 15, 2016

In re James V. Fitzgerald and Colleen A. Fitzgerald
   Bankr. S.D. Fla. Case No. 16-10683
      Chapter 11 Petition filed January 16, 2016

In re Johnny Manana's LLC
   Bankr. E.D. Penn. Case No. 16-10315
      Chapter 11 Petition filed January 18, 2016
         See http://bankrupt.com/misc/paeb16-10315.pdf
         represented by: Thomas Daniel Bielli, Esq.
                         BIELLI & KLAUDER, LLC
                         E-mail: tbielli@bk-legal.com

In re Levittown Taco Maker, Corp.
   Bankr. D.P.R. Case No. 16-00246
      Chapter 11 Petition filed January 18, 2016
         See http://bankrupt.com/misc/prb16-00246.pdf
         represented by: Jesus Santiago Malavet, Esq.
                         SANTIAGO MALAVET AND SANTIAGO LAW OFFICE
                         E-mail: contactus@smslopsc.com

In re Edmund Andrew Doss and Jennifer Anne Doss
   Bankr. W.D. Wash. Case No. 16-40152
      Chapter 11 Petition filed January 18, 2016

In re Ana Maria De Anda
   Bankr. D. Ariz. Case No. 16-00435
      Chapter 11 Petition filed January 19, 2016

In re Samuil Preys
   Bankr. C.D. Cal. Case No. 16-10159
      Chapter 11 Petition filed January 19, 2016
         represented by: Lewis R Landau, Esq.
                         E-mail: Lew@Landaunet.com

In re Ronald B. Grey
   Bankr. C.D. Cal. Case No. 16-10190
      Chapter 11 Petition filed January 19, 2016
         Filed Pro Se

In re Aurora Bartola Gutierrez
   Bankr. C.D. Cal. Case No. 16-10656
      Chapter 11 Petition filed January 19, 2016
         represented by: Anthony Obehi Egbase, Esq.
                         LAW OFFICES OF ANTHONY O EGBASE & ASSOC
                         E-mail: info@anthonyegbaselaw.com

In re Total Sleep Management, Inc.
   Bankr. M.D. Fla. Case No. 16-00366
      Chapter 11 Petition filed January 19, 2016
         See http://bankrupt.com/misc/flmb16-00366.pdf
         represented by: Taylor J King, Esq.
                         LAW OFFICES OF MICKLER & MICKLER
                         E-mail: tjking@planlaw.com

In re Exotica Academy, Inc.
   Bankr. S.D. Fla. Case No. 16-10749
      Chapter 11 Petition filed January 19, 2016
         See http://bankrupt.com/misc/flsb16-10749.pdf
         represented by: Nathan G Mancuso, Esq.
                         MANCUSO LAW, P.A.
                         E-mail: ngm@mancuso-law.com

In re D Dagenais Properties LLC
   Bankr. E.D. Mich. Case No. 16-40604
      Chapter 11 Petition filed January 19, 2016
         See http://bankrupt.com/misc/mieb16-40604.pdf
         represented by: Charles D. Bullock, Esq.
                         STEVENSON & BULLOCK, PLC
                         E-mail: cbullock@sbplclaw.com

In re Samir Pinkhasov
   Bankr. D.N.J. Case No. 16-10953
      Chapter 11 Petition filed January 19, 2016

In re Claire Williams
   Bankr. E.D.N.Y. Case No. 16-40218
      Chapter 11 Petition filed January 19, 2016

In re Georgios Malliarakis
   Bankr. S.D.N.Y. Case No. 16-10126
      Chapter 11 Petition filed January 19, 2016

In re Roc N Ramen 914 LLC
   Bankr. S.D.N.Y. Case No. 16-22062
      Chapter 11 Petition filed January 19, 2016
         See http://bankrupt.com/misc/nysb16-22062.pdf
         represented by: Wayne M. Greenwald, Esq.
                         WAYNE M. GREENWALD, PC
                         E-mail: grimlawyers@aol.com

In re Lynn Arthur Nichols and Katherine Ida Nichols
   Bankr. M.D. Tenn. Case No. 16-00344
      Chapter 11 Petition filed January 19, 2016

In re Donald R Sweat
   Bankr. W.D. Tenn. Case No. 16-10107
      Chapter 11 Petition filed January 19, 2016

In re Madison Hotel Apartment LLC
   Bankr. W.D. Wash. Case No. 16-10205
      Chapter 11 Petition filed January 19, 2016
         See http://bankrupt.com/misc/wawb16-10205.pdf
         Filed Pro Se

In re San Diego Bus & Auto Repair, Inc.
   Bankr. S.D. Cal. Case No. 16-00230
      Chapter 11 Petition filed January 20, 2016
         See http://bankrupt.com/misc/casb16-00230.pdf
         represented by: Vikrant Chaudhry, Esq.
                         VC LAW GROUP, LLP
                         E-mail: vik@thevclawgroup.com

In re Lorena A Beck
   Bankr. M.D. Fla. Case No. 16-00409
      Chapter 11 Petition filed January 20, 2016

In re Bruce L. Pitt
   Bankr. D. Md. Case No. 16-00314
      Chapter 11 Petition filed January 20, 2016

In re Nature's Nectar, LLC
   Bankr. D.N.H. Case No. 16-10074
      Chapter 11 Petition filed January 20, 2016
         See http://bankrupt.com/misc/nhb16-10074.pdf
         represented by: William J. Amann, Esq.
                         CRAIG, DEACHMAN & AMANN, PLLC
                         E-mail: wamann@cda-law.com

In re George M. Medved
   Bankr. W.D. Penn. Case No. 16-20165
      Chapter 11 Petition filed January 20, 2016

In re C-N-T Redi Mix, LLC
   Bankr. N.D. Tex. Case No. 16-30274
      Chapter 11 Petition filed January 20, 2016
         See http://bankrupt.com/misc/txnb16-30274.pdf
         represented by: Eric A. Liepins, Esq.
                         ERIC A. LIEPINS, PC
                         E-mail: eric@ealpc.com

In re Coreno Marble & Tile, Ltd.
   Bankr. D. Conn. Case No. 16-50088
      Chapter 11 Petition filed January 21, 2016
         See http://bankrupt.com/misc/ctb16-50088.pdf
         represented by: James M. Nugent, Esq.
                         HARLOW, ADAMS, AND FRIEDMAN
                         E-mail: jmn@quidproquo.com

In re Jacqueline Boyer-Staley
   Bankr. D. Md. Case No. 16-10680
      Chapter 11 Petition filed January 21, 2016

In re Lusignan Security Agency Inc.
   Bankr. D. Mass. Case No. 16-40065
      Chapter 11 Petition filed January 21, 2016
         See http://bankrupt.com/misc/mab16-40065.pdf
         represented by: James P. Ehrhard, Esq.
                         EHRHARD & ASSOCIATES, P.C.
                         E-mail: ehrhard@ehrhardlaw.com

In re Carlos Rafael Antigua
   Bankr. D. Mass. Case No. 16-40066
      Chapter 11 Petition filed January 21, 2016

In re Gaimos Leasing Multi Services Corp.
   Bankr. S.D.N.Y. Case No. 16-10151
      Chapter 11 Petition filed January 21, 2016
         See http://bankrupt.com/misc/nysb16-10151.pdf
         represented by: H. Bruce Bronson, Jr., Esq.
                         BRONSON LAW OFFICES, P.C.
                         E-mail: ecf@bronsonlaw.net

In re Noufal & Company, LLC
   Bankr. E.D. Va. Case No. 16-10229
      Chapter 11 Petition filed January 21, 2016
         See http://bankrupt.com/misc/vaeb16-10229.pdf
         represented by: Nathan A. Fisher, Esq.
                         E-mail: Fbarsad@cs.com

In re Mary Lou Zimmerman
   Bankr.E.D. Va. Case No. 16-10237
      Chapter 11 Petition filed January 21, 2016


                            *********

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 ***