TCR_Public/160206.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, February 6, 2016, Vol. 20, No. 37

                            Headlines

BUDD COMPANY: Ends November With $291.64 Million Cash
COYNE INTERNATIONAL: Posts $1.06 Million Net Loss in October
COYNE INTERNATIONAL: Reports $1.9 Million Net Loss in November
DELIAS INC: Incurs $5.25 Million Net Loss in February 2015
MIDWAY GOLD: Ends August with $4.16-Mil. Cash Balance

MIDWAY GOLD: Lists $85.48-Mil. in Total Liabilities in September
MIDWAY GOLD: Posts $86.17-Mil. in Total Liabilities in October
MIDWAY GOLD: Reports $2.39-Mil. Ending Cash in November
NORTEL NETWORKS: Cash Dips Slightly to $606.3MM in October
NORTEL NETWORKS: Ends November With $601.5 Million

WIRE COMPANY: Had $353,925 Net Loss in October
WIRE COMPANY: Reports $240,898 Net Loss in November

                            *********

BUDD COMPANY: Ends November With $291.64 Million Cash
-----------------------------------------------------
The Budd Company, Inc., on December 21, 2015, filed its monthly
operating report for November 2015.

At the start of the month, the Debtor had $293 million cash.  It
listed total receipts of $3.67 million and $5.03 million in total
disbursements.  As a result, the Debtor had $291.64 million at
month end.

A copy of the monthly operating report is available at:

  http://bankrupt.com/misc/BuddCompanyNov2015mor.pdf

                About The Budd Company

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

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

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

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

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

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

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


COYNE INTERNATIONAL: Posts $1.06 Million Net Loss in October
------------------------------------------------------------
Coyne International Enterprises Corp. filed on December 24, 2015,
its monthly operating report for October 2015.

The Debtor's statement of operations showed a net loss of $1.06
million on total revenue of $4.57 million for October.

At October 31, the Debtor had $39.59 million in total assets,
$72.08 million in total liabilities, and $32.49 million in total
shareholders' deficit.

The Debtor started the month with $3.88 million cash.  It listed
$7.01 million in total receipts and $6.93 million in total
disbursements.  Taking into account outstanding checks and other
minimal amounts, the Debtor ended the month with $3.65 million
cash.

A copy of the monthly operating report is available for free at:

      http://bankrupt.com/misc/CoyneIntl_Oct2015mor.pdf

                    About Coyne International

Coyne International Enterprises Corp. filed a Chapter 11 Bankruptcy
petition (Bankr. N.D.N.Y. Case No. 15-31160) on July 31, 2015.  The
petition was signed by Mark Samson as CEO.  

Herrick Feinstein LLP serves as the Debtor's general counsel.
Phillips Lytle LLP acts as the Debtor's local bankruptcy counsel.
Cohnreznick LLP is the Debtor's financial advisor. SSG Capital
Advisors LLC is the Debtor's investment banker. Rust Omni serves
the Debtor as claims and administrative agent. Raab, Sturm &
Ganchrow, LLP acts as labor counsel to the Debtor.  Harbridge
Consulting Group, LLC serves as the Debtor's pension consultant.

Beveridge & Diamond PC is the Debtor's environmental counsel.  GZA
Geoenvironmental, Inc. serves as the Debtor's environmental
consultant.


COYNE INTERNATIONAL: Reports $1.9 Million Net Loss in November
--------------------------------------------------------------
Coyne International Enterprises Corp. filed on December 24, 2015,
its monthly operating report for November 2015.

The Debtor's statement of operations showed a net loss of $1.9
million on total revenue of $4.43 million for November.

At November 30, the Debtor had $38.3 million in total assets,
$72.54 million in total liabilities, and $34.24 million in total
shareholders' deficit.

The Debtor started the month with $3.65 million cash.  It listed
$6.89 million in total receipts and $6.75 million in total
disbursements.  Taking into account outstanding checks and other
minimal amounts, the Debtor ended the month with $3.74 million
cash.

A copy of the monthly operating report is available for free at:

       http://bankrupt.com/misc/CoyneIntl_Nov2015mor.pdf

                   About Coyne International

Coyne International Enterprises Corp. filed a Chapter 11 Bankruptcy
petition (Bankr. N.D.N.Y. Case No. 15-31160) on July 31, 2015.  The
petition was signed by Mark Samson as CEO.  

Herrick Feinstein LLP serves as the Debtor's general counsel.
Phillips Lytle LLP acts as the Debtor's local bankruptcy counsel.
Cohnreznick LLP is the Debtor's financial advisor. SSG Capital
Advisors LLC is the Debtor's investment banker. Rust Omni serves
the Debtor as claims and administrative agent. Raab, Sturm &
Ganchrow, LLP acts as labor counsel to the Debtor.  Harbridge
Consulting Group, LLC serves as the Debtor's pension consultant.

Beveridge & Diamond PC is the Debtor's environmental counsel.  GZA
Geoenvironmental, Inc. serves as the Debtor's environmental
consultant.


DELIAS INC: Incurs $5.25 Million Net Loss in February 2015
----------------------------------------------------------
Delia's Inc., on December 18, 2015, filed a monthly operating
report for February 2015.

The Debtor reported a net loss of $5.25 million on net revenues of
$3.69 million for February 2015.

At February 28, the Debtor posted $12.26 million in total assets,
$33.65 million in total liabilities, and $21.39 million in total
shareholders' deficit.

The Debtor started the period with $10.88 million cash.  It listed
total receipts of $3.01 million and total disbursements of $5.41
million.  At month end, the Debtor's cash balance was pegged at
$8.48 million.

A copy of the monthly operating report is available at:

           http://bankrupt.com/misc/DELIASINCfeb2015mor.pdf

                         About DELIAS INC.

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

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

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

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

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

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



MIDWAY GOLD: Ends August with $4.16-Mil. Cash Balance
-----------------------------------------------------
Midway Gold Corp., et. al., on September 30, 2015, filed their
monthly operating report for August.

The Debtors incurred a net income of $2.08 million on -$1.76
million revenue for the period.

As of August 31, 2015, the Debtors posted total assets of $170.61
million, total liabilities of $79.43 million, and $36.80 million in
total shareholders' equity.

The Debtors had $3.93 million cash at the start of the period.  It
listed $3.88 million in total receipts and $3.65 million in total
disbursements for the period.  The Debtors ended the period with
$4.16 million.

A copy of the monthly operating report is available at:

     http://bankrupt.com/misc/MidwayGold_aug2015mor.pdf

                      About Midway Gold

Midway Gold Corp., incorporated on May 14, 1996 under the laws of
the Province of British Columbia, Canada, is engaged in the
acquisition, exploration and development of mineral properties
located in the state of Nevada and Washington.

Midway Gold operates primarily through its wholly-owned subsidiary
located in the United States, Midway Gold US Inc.  The executive
offices are in Englewood, Colorado.  Midway US currently has one
gold producing property: the Pan gold mine located in White Pine
County, Nevada.  Midway also has gold properties which are
exploratory stage projects where gold mineralization has been
identified, such as the Tonopah project in Nye County, Nevada, the
Gold Rock project in White Pine County, Nevada, and the Golden
Eagle project in Ferry County, Washington.  Out of these projects,
a permitting process has been undertaken only for the Gold Rock
project.  Finally, Midway's Spring Valley property, another gold
property located in Pershing County, Nevada, is subject to a joint
venture with Barrick Gold Exploration Inc.

On June 22, 2015, Midway Gold US Inc. and 12 related entities,
including parent Midway Gold Corp. each filed a petition in the
U.S. Bankruptcy Court for the District of Colorado seeking relief
under Chapter 11 of the U.S. Bankruptcy Code.  The Debtors' cases
have been assigned to Judge Michael E. Romero.  

Judge Michael E. Romero directed the joint administration of the
cases under Case No. 15-16835.

The Debtors tapped Squire Patton Boggs (US) LLP as lead bankruptcy
counsel; Sender Wasserman Wadsworth, P.C., as special bankruptcy
and restructuring counsel; DLA Piper (Canada) LLP, as Canadian
bankruptcy counsel; Ernst & Young Inc., as information officer of
Canadian court; RBC Capital Markets, as investment banker; FTI
Consulting as financial advisor; and Epiq Solutions, as claims and
noticing agent.

Midway Gold Corp. disclosed $184 million in assets and $62.4
million in liabilities as of March 31, 2015.  Midway Gold US Inc.,
disclosed total assets of $2,461,673 and total liabilities of  
$122,448,181 as of the Chapter 11 filing.

In July, the U.S. Trustee overseeing the Debtors' cases appointed
seven creditors to serve on the official committee of unsecured
creditors.  The creditors are American Assay Laboratories, EPC
Services Company, InFaith Community Foundation, Jacobs Engineering
Group Inc., SRK Consulting (US) Inc., Sunbelt Rentals, and Boart
Longyear.  Gavin/Solmonese LLC serves as its financial advisor.


MIDWAY GOLD: Lists $85.48-Mil. in Total Liabilities in September
----------------------------------------------------------------
Midway Gold Corp., et. al., on October 30, 2015, filed their
monthly operating report for September.

The Debtors incurred a net income of $2.82 million on -$1.66
million revenue for the period.

As of September 30, 2015, the Debtors posted total assets of
$170.09 million, total liabilities of $85.48 million, and $28.85
million in total shareholders' equity.

The Debtors had $4.16 million cash at the start of the period.  It
listed $4.51 million in total receipts and $4.88 million in total
disbursements for the period.  The Debtors ended the period with
$3.79 million.

A copy of the monthly operating report is available at:

     http://bankrupt.com/misc/MidwayGold_sept2015mor.pdf

                      About Midway Gold

Midway Gold Corp., incorporated on May 14, 1996 under the laws of
the Province of British Columbia, Canada, is engaged in the
acquisition, exploration and development of mineral properties
located in the state of Nevada and Washington.

Midway Gold operates primarily through its wholly-owned subsidiary
located in the United States, Midway Gold US Inc.  The executive
offices are in Englewood, Colorado.  Midway US currently has one
gold producing property: the Pan gold mine located in White Pine
County, Nevada.  Midway also has gold properties which are
exploratory stage projects where gold mineralization has been
identified, such as the Tonopah project in Nye County, Nevada, the
Gold Rock project in White Pine County, Nevada, and the Golden
Eagle project in Ferry County, Washington.  Out of these projects,
a permitting process has been undertaken only for the Gold Rock
project.  Finally, Midway's Spring Valley property, another gold
property located in Pershing County, Nevada, is subject to a joint
venture with Barrick Gold Exploration Inc.

On June 22, 2015, Midway Gold US Inc. and 12 related entities,
including parent Midway Gold Corp. each filed a petition in the
U.S. Bankruptcy Court for the District of Colorado seeking relief
under Chapter 11 of the U.S. Bankruptcy Code.  The Debtors' cases
have been assigned to Judge Michael E. Romero.  

Judge Michael E. Romero directed the joint administration of the
cases under Case No. 15-16835.

The Debtors tapped Squire Patton Boggs (US) LLP as lead bankruptcy
counsel; Sender Wasserman Wadsworth, P.C., as special bankruptcy
and restructuring counsel; DLA Piper (Canada) LLP, as Canadian
bankruptcy counsel; Ernst & Young Inc., as information officer of
Canadian court; RBC Capital Markets, as investment banker; FTI
Consulting as financial advisor; and Epiq Solutions, as claims and
noticing agent.

Midway Gold Corp. disclosed $184 million in assets and $62.4
million in liabilities as of March 31, 2015.  Midway Gold US Inc.,
disclosed total assets of $2,461,673 and total liabilities of  
$122,448,181 as of the Chapter 11 filing.

In July, the U.S. Trustee overseeing the Debtors' cases appointed
seven creditors to serve on the official committee of unsecured
creditors.  The creditors are American Assay Laboratories, EPC
Services Company, InFaith Community Foundation, Jacobs Engineering
Group Inc., SRK Consulting (US) Inc., Sunbelt Rentals, and Boart
Longyear.  Gavin/Solmonese LLC serves as its financial advisor.


MIDWAY GOLD: Posts $86.17-Mil. in Total Liabilities in October
--------------------------------------------------------------
Midway Gold Corp., et. al., on November 30, 2015, filed their
monthly operating report for October.

The Debtors reported a net income of $2.39 million on -$1.60
million revenue for the period.

As of October 31, 2015, the Debtors posted total assets of $168.32
million, total liabilities of $86.17 million, and $26.40 million in
total shareholders' equity.

The Debtors had $3.79 million cash at the start of the period.
They listed $4.38 million in total receipts and $5.39 million in
total disbursements for the period.  The Debtors ended the period
with $2.78 million.

A copy of the monthly operating report is available at:

     http://bankrupt.com/misc/MidwayGold_oct2015mor.pdf

                     About Midway Gold

Midway Gold Corp., incorporated on May 14, 1996 under the laws of
the Province of British Columbia, Canada, is engaged in the
acquisition, exploration and development of mineral properties
located in the state of Nevada and Washington.

Midway Gold operates primarily through its wholly-owned subsidiary
located in the United States, Midway Gold US Inc.  The executive
offices are in Englewood, Colorado.  Midway US currently has one
gold producing property: the Pan gold mine located in White Pine
County, Nevada.  Midway also has gold properties which are
exploratory stage projects where gold mineralization has been
identified, such as the Tonopah project in Nye County, Nevada, the
Gold Rock project in White Pine County, Nevada, and the Golden
Eagle project in Ferry County, Washington.  Out of these projects,
a permitting process has been undertaken only for the Gold Rock
project.  Finally, Midway's Spring Valley property, another gold
property located in Pershing County, Nevada, is subject to a joint
venture with Barrick Gold Exploration Inc.

On June 22, 2015, Midway Gold US Inc. and 12 related entities,
including parent Midway Gold Corp. each filed a petition in the
U.S. Bankruptcy Court for the District of Colorado seeking relief
under Chapter 11 of the U.S. Bankruptcy Code.  The Debtors' cases
have been assigned to Judge Michael E. Romero.  

Judge Michael E. Romero directed the joint administration of the
cases under Case No. 15-16835.

The Debtors tapped Squire Patton Boggs (US) LLP as lead bankruptcy
counsel; Sender Wasserman Wadsworth, P.C., as special bankruptcy
and restructuring counsel; DLA Piper (Canada) LLP, as Canadian
bankruptcy counsel; Ernst & Young Inc., as information officer of
Canadian court; RBC Capital Markets, as investment banker; FTI
Consulting as financial advisor; and Epiq Solutions, as claims and
noticing agent.

Midway Gold Corp. disclosed $184 million in assets and $62.4
million in liabilities as of March 31, 2015.  Midway Gold US Inc.,
disclosed total assets of $2,461,673 and total liabilities of  
$122,448,181 as of the Chapter 11 filing.

In July, the U.S. Trustee overseeing the Debtors' cases appointed
seven creditors to serve on the official committee of unsecured
creditors.  The creditors are American Assay Laboratories, EPC
Services Company, InFaith Community Foundation, Jacobs Engineering
Group Inc., SRK Consulting (US) Inc., Sunbelt Rentals, and Boart
Longyear.  Gavin/Solmonese LLC serves as its financial advisor.


MIDWAY GOLD: Reports $2.39-Mil. Ending Cash in November
-------------------------------------------------------
Midway Gold Corp., et. al., on December 30, 2015, filed their
monthly operating report for November.

The Debtors reported a net income of $2.99 million on -$1.48
million revenue for the period.

At November 30, 2015, the Debtors posted total assets of $163.82
million, total liabilities of $86.89 million, and $21.17 million in
total shareholders' equity.

The Debtors had $2.78 million cash at the start of the period.  It
listed $3.43 million in total receipts and $3.82 million in total
disbursements for the period.  The Debtors ended the period with
$2.39 million.

A copy of the monthly operating report is available at:

     http://bankrupt.com/misc/MidwayGold_nov2015mor.pdf

                     About Midway Gold

Midway Gold Corp., incorporated on May 14, 1996 under the laws of
the Province of British Columbia, Canada, is engaged in the
acquisition, exploration and development of mineral properties
located in the state of Nevada and Washington.

Midway Gold operates primarily through its wholly-owned subsidiary
located in the United States, Midway Gold US Inc.  The executive
offices are in Englewood, Colorado.  Midway US currently has one
gold producing property: the Pan gold mine located in White Pine
County, Nevada.  Midway also has gold properties which are
exploratory stage projects where gold mineralization has been
identified, such as the Tonopah project in Nye County, Nevada, the
Gold Rock project in White Pine County, Nevada, and the Golden
Eagle project in Ferry County, Washington.  Out of these projects,
a permitting process has been undertaken only for the Gold Rock
project.  Finally, Midway's Spring Valley property, another gold
property located in Pershing County, Nevada, is subject to a joint
venture with Barrick Gold Exploration Inc.

On June 22, 2015, Midway Gold US Inc. and 12 related entities,
including parent Midway Gold Corp. each filed a petition in the
U.S. Bankruptcy Court for the District of Colorado seeking relief
under Chapter 11 of the U.S. Bankruptcy Code.  The Debtors' cases
have been assigned to Judge Michael E. Romero.  

Judge Michael E. Romero directed the joint administration of the
cases under Case No. 15-16835.

The Debtors tapped Squire Patton Boggs (US) LLP as lead bankruptcy
counsel; Sender Wasserman Wadsworth, P.C., as special bankruptcy
and restructuring counsel; DLA Piper (Canada) LLP, as Canadian
bankruptcy counsel; Ernst & Young Inc., as information officer of
Canadian court; RBC Capital Markets, as investment banker; FTI
Consulting as financial advisor; and Epiq Solutions, as claims and
noticing agent.

Midway Gold Corp. disclosed $184 million in assets and $62.4
million in liabilities as of March 31, 2015.  Midway Gold US Inc.,
disclosed total assets of $2,461,673 and total liabilities of  
$122,448,181 as of the Chapter 11 filing.

In July, the U.S. Trustee overseeing the Debtors' cases appointed
seven creditors to serve on the official committee of unsecured
creditors.  The creditors are American Assay Laboratories, EPC
Services Company, InFaith Community Foundation, Jacobs Engineering
Group Inc., SRK Consulting (US) Inc., Sunbelt Rentals, and Boart
Longyear.  Gavin/Solmonese LLC serves as its financial advisor.


NORTEL NETWORKS: Cash Dips Slightly to $606.3MM in October
----------------------------------------------------------
Nortel Networks Inc., et al., on January 14, 2016, filed their
monthly operating report for October 2015.

As of October 31, 2015, NNI listed $728.4 million in total assets,
$5.29 billion in total liabilities, and $4.56 billion in total
shareholders' deficit.

NNI started October with $611.8 million cash.  It posted total cash
receipts of $1.7 million and total cash disbursements of $7.2
million.  At month end, the Debtor's cash balance was pegged at
$606.3 million.

A copy of the monthly operating report is available at:

   http://bankrupt.com/misc/NORTELNETWORKSoct2015mor.pdf

                      About Nortel Networks

Headquartered in Ontario, Canada, Nortel Networks Corporation and
its various affiliated entities provided next-generation
technologies, for both service provider and enterprise networks,
support multimedia and business-critical applications.  Nortel did
Networks Limited was the principal direct operating subsidiary of
Nortel Networks Corporation.

On Jan. 14, 2009, Nortel Networks Inc.'s ultimate corporate parent
Nortel Networks Corporation, NNI's direct corporate parent Nortel
Networks Limited and certain of their Canadian affiliates commenced
a proceeding with the Ontario Superior Court of Justice under the
Companies' Creditors Arrangement Act (Canada) seeking relief from
their creditors.  Ernst & Young was appointed to serve as monitor
and foreign representative of the Canadian Nortel Group.  That same
day, the Monitor sought recognition of the CCAA Proceedings in U.S.
Bankruptcy Court (Bankr. D. Del. Case No. 09-10164) under Chapter
15 of the U.S. Bankruptcy Code.

That same day, NNI and certain of its affiliated U.S. entities
filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10138).

In addition, the High Court of England and Wales placed 19 of NNI's
European affiliates into administration under the control of
individuals from Ernst & Young LLP.  Other Nortel affiliates have
commenced and in the future may commence additional creditor
protection, insolvency and dissolution proceedings around the
world.

On May 28, 2009, at the request of administrators, the Commercial
Court of Versailles, France, ordered the commencement of secondary
proceedings in respect of Nortel Networks S.A.  On June 8, 2009,
Nortel Networks UK Limited filed petitions in U.S. Bankruptcy Court
for recognition of the English Proceedings as foreign main
proceedings under Chapter 15.

U.S. Bankruptcy Judge Kevin Gross presides over the Chapter 11 and
15 cases.  Mary Caloway, Esq., and Peter James Duhig, Esq., at
Buchanan Ingersoll & Rooney PC, in Wilmington, Delaware, serves as
Chapter 15 petitioner's counsel.

In the Chapter 11 case, James L. Bromley, Esq., and Howard S.
Zelbo, Esq., at Cleary Gottlieb Steen & Hamilton, LLP, in New York,
serve as the U.S. Debtors' general bankruptcy counsel; Derek C.
Abbott, Esq., at Morris Nichols Arsht & Tunnell LLP, in Wilmington,
serves as Delaware counsel.  The Chapter 11 Debtors' other
professionals are Lazard Freres & Co. LLC as financial advisors;
and Epiq Bankruptcy Solutions LLC as claims and notice agent.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in respect of the U.S. Debtors.

An ad hoc group of bondholders also was organized.  An Official
Committee of Retired Employees and the Official Committee of
Long-Term Disability Participants tapped Alvarez & Marsal
Healthcare Industry Group as financial advisor.  The Retiree
Committee is represented by McCarter & English LLP as Delaware
counsel, and Togut Segal & Segal serves as the Retiree Committee.
The Committee retained Alvarez & Marsal Healthcare Industry Group
as financial advisor, and Kurtzman Carson Consultants LLC as its
communications agent.

Several entities, particularly, Nortel Government Solutions
Incorporated and Nortel Networks (CALA) Inc., have material
operations and are not part of the bankruptcy proceedings.

As of Sept. 30, 2008, Nortel Networks Corp. reported consolidated
assets of $11.6 billion and consolidated liabilities of $11.8
billion.  The Nortel Companies' U.S. businesses are primarily
conducted through Nortel Networks Inc., which is the parent of
majority of the U.S. Nortel Companies.  As of Sept. 30, 2008, NNI
had assets of about $9 billion and liabilities of $3.2 billion,
which do not include NNI's guarantee of some or all of the Nortel
Companies' about $4.2 billion of unsecured public debt.

Since the commencement of the various insolvency proceedings,
Nortel has sold its business units and other assets to various
purchasers.  Nortel has collected roughly $9 billion for
distribution to creditors.  Of the total, $4.5 billion came from
the sale of Nortel's patent portfolio to Rockstar Bidco, a
consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July 2011.

Nortel has filed a proposed plan of liquidation in the U.S.
Bankruptcy Court.  The Plan generally provides for full payment on
secured claims with other distributions going in accordance with
the priorities in bankruptcy law.

The trial on how to divide proceeds among creditors in the U.S.,
Canada, and Europe commenced on Sept. 22, 2014.  The question of
how to divide $7.3 billion raised in the international bankruptcy
of Nortel Networks Corp. was answered on May 12, 2015, by two
judges, one in the U.S. and one in Canada.

According to The Wall Street Journal, Justice Frank Newbould of the
Ontario Superior Court of Justice in Toronto and Judge Kevin Gross
of the U.S. Bankruptcy Court in Wilmington, Del., agreed on the
outcome: a modified pro rata split of the money.


NORTEL NETWORKS: Ends November With $601.5 Million
--------------------------------------------------
Nortel Networks Inc., et al., on January 14, 2016, filed their
monthly operating report for November 2015.

As of November 30, 2015, NNI listed $723.6 million in total assets,
$5.29 billion in total liabilities, and $4.56 billion in total
shareholders' deficit.

NNI started November with $606.3 million cash.  It posted total
cash receipts of $0.7 million and total cash disbursements of $5.5
million.  At month end, the Debtor's cash balance was pegged at
$601.5 million.

A copy of the monthly operating report is available at:

   http://bankrupt.com/misc/NORTELNETWORKSnov2015mor.pdf

                   About Nortel Networks

Headquartered in Ontario, Canada, Nortel Networks Corporation and
its various affiliated entities provided next-generation
technologies, for both service provider and enterprise networks,
support multimedia and business-critical applications.  Nortel did
Networks Limited was the principal direct operating subsidiary of
Nortel Networks Corporation.

On Jan. 14, 2009, Nortel Networks Inc.'s ultimate corporate parent
Nortel Networks Corporation, NNI's direct corporate parent Nortel
Networks Limited and certain of their Canadian affiliates commenced
a proceeding with the Ontario Superior Court of Justice under the
Companies' Creditors Arrangement Act (Canada) seeking relief from
their creditors.  Ernst & Young was appointed to serve as monitor
and foreign representative of the Canadian Nortel Group.  That same
day, the Monitor sought recognition of the CCAA Proceedings in U.S.
Bankruptcy Court (Bankr. D. Del. Case No. 09-10164) under Chapter
15 of the U.S. Bankruptcy Code.

That same day, NNI and certain of its affiliated U.S. entities
filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10138).

In addition, the High Court of England and Wales placed 19 of NNI's
European affiliates into administration under the control of
individuals from Ernst & Young LLP.  Other Nortel affiliates have
commenced and in the future may commence additional creditor
protection, insolvency and dissolution proceedings around the
world.

On May 28, 2009, at the request of administrators, the Commercial
Court of Versailles, France, ordered the commencement of secondary
proceedings in respect of Nortel Networks S.A.  On June 8, 2009,
Nortel Networks UK Limited filed petitions in U.S. Bankruptcy Court
for recognition of the English Proceedings as foreign main
proceedings under Chapter 15.

U.S. Bankruptcy Judge Kevin Gross presides over the Chapter 11 and
15 cases.  Mary Caloway, Esq., and Peter James Duhig, Esq., at
Buchanan Ingersoll & Rooney PC, in Wilmington, Delaware, serves as
Chapter 15 petitioner's counsel.

In the Chapter 11 case, James L. Bromley, Esq., and Howard S.
Zelbo, Esq., at Cleary Gottlieb Steen & Hamilton, LLP, in New York,
serve as the U.S. Debtors' general bankruptcy counsel; Derek C.
Abbott, Esq., at Morris Nichols Arsht & Tunnell LLP, in Wilmington,
serves as Delaware counsel.  The Chapter 11 Debtors' other
professionals are Lazard Freres & Co. LLC as financial advisors;
and Epiq Bankruptcy Solutions LLC as claims and notice agent.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in respect of the U.S. Debtors.

An ad hoc group of bondholders also was organized.  An Official
Committee of Retired Employees and the Official Committee of
Long-Term Disability Participants tapped Alvarez & Marsal
Healthcare Industry Group as financial advisor.  The Retiree
Committee is represented by McCarter & English LLP as Delaware
counsel, and Togut Segal & Segal serves as the Retiree Committee.
The Committee retained Alvarez & Marsal Healthcare Industry Group
as financial advisor, and Kurtzman Carson Consultants LLC as its
communications agent.

Several entities, particularly, Nortel Government Solutions
Incorporated and Nortel Networks (CALA) Inc., have material
operations and are not part of the bankruptcy proceedings.

As of Sept. 30, 2008, Nortel Networks Corp. reported consolidated
assets of $11.6 billion and consolidated liabilities of $11.8
billion.  The Nortel Companies' U.S. businesses are primarily
conducted through Nortel Networks Inc., which is the parent of
majority of the U.S. Nortel Companies.  As of Sept. 30, 2008, NNI
had assets of about $9 billion and liabilities of $3.2 billion,
which do not include NNI's guarantee of some or all of the Nortel
Companies' about $4.2 billion of unsecured public debt.

Since the commencement of the various insolvency proceedings,
Nortel has sold its business units and other assets to various
purchasers.  Nortel has collected roughly $9 billion for
distribution to creditors.  Of the total, $4.5 billion came from
the sale of Nortel's patent portfolio to Rockstar Bidco, a
consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July 2011.

Nortel has filed a proposed plan of liquidation in the U.S.
Bankruptcy Court.  The Plan generally provides for full payment on
secured claims with other distributions going in accordance with
the priorities in bankruptcy law.

The trial on how to divide proceeds among creditors in the U.S.,
Canada, and Europe commenced on Sept. 22, 2014.  The question of
how to divide $7.3 billion raised in the international bankruptcy
of Nortel Networks Corp. was answered on May 12, 2015, by two
judges, one in the U.S. and one in Canada.

According to The Wall Street Journal, Justice Frank Newbould of the
Ontario Superior Court of Justice in Toronto and Judge Kevin Gross
of the U.S. Bankruptcy Court in Wilmington, Del., agreed on the
outcome: a modified pro rata split of the money.


WIRE COMPANY: Had $353,925 Net Loss in October
----------------------------------------------
Wire Company Holdings, Inc., on November 20, 2015, filed an
operating report for October 2015.

The Debtor reported a net loss of $353,925 on
$2.29 million net revenue for the period.

The Debtor posted $23.92 million in total assets, $26.01 million
in total liabilities, and $2.10 million in total shareholders'
deficit as of October 31, 2015.

At October 9, the Debtor had $94,578 beginning cash balance.  It
listed $2.75 million in total receipts and $1.48 million in total
disbursements. Ending cash balance was $1.36 million at October
31.

A copy of the monthly operating report is available at:

       http://bankrupt.com/misc/WireCompany_oct2015mor.pdf

                About Wire Company Holdings

With headquarters in Hanover, Pennsylvania, Wire Company Holdings,
Inc. and Wire Property Holdings, LLC, are manufacturers of wire and
wire mesh products servicing a broad range of applications.  The
wire and mesh products can be used in diverse functions: as support
for filter media in the automobile industry, as filtering in the
appliance industry, as EMF shielding in the electronics industry,
or as a signal receiver in the communications industry, to name
just a few.

For the year ended Dec. 31, 2014, Wire Company reported a net loss
of $4,942,000 on revenues of $44,399,000 on a consolidated basis.
For the year ended Dec. 31, 2013, Wire Company reported a net loss
of approximately $4,145,000 on revenues of $46,712,000.  Through
August 2015, it reported a net loss of $3,859,000 on revenues of
$27,617,000 on a consolidated basis.  As of Sept. 1, 2015, it
employed approximately 237 individuals.

Wire Company Holdings and Wire Property Holdings filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-12097 and
15-12098) on Oct. 8, 2015.  Sandeep Gupta, the chief restructuring
officer, signed the petitions.

Wire Company estimated both assets and liabilities of $10 million
to $50 million.

The Debtors engaged Polsinelli PC and Lowenstein Sandler LLP as
counsel; and Kurtzman Carson Consultants LLC as claims and noticing
agent.


WIRE COMPANY: Reports $240,898 Net Loss in November
---------------------------------------------------
Wire Company Holdings, Inc., on December 21, 2015, filed an
operating report for November 2015.

The Debtor reported a net loss of $240,898 on $2.53 million net
revenue for the period, a decrease from the $353,925 net loss
reported in October.

As of November 30, 2015, the Debtor posted $23.15 million in total
assets, $25.49 million in total liabilities, and $2.34 million in
total shareholders' deficit .

At November 1, the Debtor had $1.36 million beginning cash balance.
It listed $2.99 million in total receipts and $2.12 million in
total disbursements. Ending cash balance was $2.23 million at
November 30.

A copy of the monthly operating report is available at:

           http://bankrupt.com/misc/WireCompany_nov2015mor.pdf

                About Wire Company Holdings

With headquarters in Hanover, Pennsylvania, Wire Company Holdings,
Inc. and Wire Property Holdings, LLC, are manufacturers of wire and
wire mesh products servicing a broad range of applications.  The
wire and mesh products can be used in diverse functions: as support
for filter media in the automobile industry, as filtering in the
appliance industry, as EMF shielding in the electronics industry,
or as a signal receiver in the communications industry, to name
just a few.

For the year ended Dec. 31, 2014, Wire Company reported a net loss
of $4,942,000 on revenues of $44,399,000 on a consolidated basis.
For the year ended Dec. 31, 2013, Wire Company reported a net loss
of approximately $4,145,000 on revenues of $46,712,000.  Through
August 2015, it reported a net loss of $3,859,000 on revenues of
$27,617,000 on a consolidated basis.  As of Sept. 1, 2015, it
employed approximately 237 individuals.

Wire Company Holdings and Wire Property Holdings filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-12097 and
15-12098) on Oct. 8, 2015.  Sandeep Gupta, the chief restructuring
officer, signed the petitions.

Wire Company estimated both assets and liabilities of $10 million
to $50 million.

The Debtors engaged Polsinelli PC and Lowenstein Sandler LLP as
counsel; and Kurtzman Carson Consultants LLC as claims and noticing
agent.


                            *********

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 ***