TCR_Public/160217.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, February 17, 2016, Vol. 20, No. 48

                            Headlines

2821 INVESTORS: Voluntary Chapter 11 Case Summary
ALLIED NEVADA: Tuttle Files Brief in Support of Plan Appeal
ALPHA NATURAL: Foundation PA Coal to Unload Rice Energy Stake
ALPHA NATURAL: Unsecured Creditors Seek to Preserve Assets
AMERICAN AXLE: Posts $236 Million Net Income for 2015

ATLANTIC CITY, NJ: Lawmakers Seek to Revive Rejected City
ATNA RESOURCES: Creditors Have Until Feb. 29 to File Claims
BERRY PLASTICS: Teachers Advisors Reports 1.5% Stake as of Dec. 31
CAESARS ENTERTAINMENT: Examiner to File Report by Month's End
CARDIAC SCIENCE: Taps Patterson Thuente to Handle IP and Trademark

CCNG ENERGY: Court OKs Stipulation Resolving Bids to Dismiss Case
CCNG ENERGY: Files Schedules of Assets and Liabilities
CCNG ENERGY: Raymond James to Evaluate Strategic Alternatives
COLT DEFENSE: Fidelity Unit Invests $22 Million
DETROIT PUBLIC SCHOOLS: Lawmakers Pledge Bailout Won't Hurt Others

DEWEY & LEBOEUF: Prosecutors Have Deal with Zachary Warren
DIOCESE OF DULUTH: Judge Zive to Serve as Mediator
ESTATE FINANCIAL: Has Deal on Allocation of Dispute Proceeds
FPMC FORT WORTH: Files Schedules of Assets and Liabilities
FPMC SAN ANTONIO: Files Schedules of Assets and Liabilities

FREEDOM COMMUNICATIONS: Proposes Bonus, Severance Plans
FRESH & EASY: Creditors Investigate Ties to Yucaipa
FUHU INC: Seeks to Extend Deadline to Remove Suits to July 5
FUTUREWORLD CORP: Admits Going Concern Doubt Amid Net Losses
HAGGEN HOLDINGS: Closing Sales at Puyallup Store Approved

HAGGEN HOLDINGS: Deadline to Auction Core Stores Moved to Feb. 22
HAGGEN HOLDINGS: Landlords to 9 Core Stores Want to Evaluate Buyer
HANCOCK FABRICS: Fillmore Outlet to Close in April
HASHFAST TECHNOLOGIES: Feb. 19 Hearing on Bitcoin as Currency
HEALTH DIAGNOSTIC: Creditors to Vote on Liquidation Plan

INDALEX INC: Kirkland Wants to Spike Trustee's Malpractice Suit
INTERNATIONAL TECHNICAL: Judge Sets March 15, 2016 Claims Bar Date
JOE'S JEANS: Carl Marks Acted as Investment Banker on Merger
LIQUID HOLDINGS: Wants Case Converted to Chapter 7 Liquidation
MAPLE BANK: Chapter 15 Case Summary

MAPLE BANK: Seeking U.S. Recognition of German Proceeding
MCCLATCHY CO: Contributes Real Estate to Benefit Pension Plan
MEDIASHIFT INC: Has Until April 27 to Decide on Leases
MISSION NEW ENERGY: To Release Shares From Voluntary Escrow
MOLYCORP INC: Oaktree Blasts Threat to $514M Bankruptcy Claims

NATIONAL CINEMEDIA: Stephens Inv. Holds 5% Stake as of Dec. 31
NEW BEGINNINGS: Jeffersonville Nursing Home to Close in March
NORANDA ALUMINUM: Jamaica Unit Said to Be In Takeover Talks
NORTH ALABAMA SCIENCE CENTER: Museum Misses 2 Lease Payments
NORTHERN FRONTIER: Gets Extension of Temporary Waiver From Lenders

OSAGE EXPLORATION: Feb. 25 Final Hearing on $1.4MM Apollo DIP Loan
PARAGON OFFSHORE: Taps KCC as Claims and Noticing Agent
PENNGOOD LLC: Case Summary & 16 Unsecured Creditors
PHOTOMEDEX INC: Stonepine No Longer a Shareholder as of Dec. 31
PICO HOLDINGS: PICO Revises Revocation Solicitation

PUERTO RICO: House of Reps Passes Bill to Restructure $9BB in Debt
QUANTUM FUEL: Capital Ventures No Longer A Shareholder at Dec. 31
QUANTUM MATERIALS: Weaver and Tidwell Raises Going Concern Doubt
SABINE OIL: BoNY Protests Kirkland's Impartiality in Claims Probe
SAMSON RESOURCES: Kirkland Bid to Collect Fee Fight Costs Denied

SCIO DIAMOND: Incurs $1.26 Million Net Loss in Third Quarter
SFX ENTERTAINMENT: March 4 Final Hearing on DIP Financing Approval
SIGA TECHNOLOGIES: Amended Plan Filed; April 5 Hearing Set
STANDARD REGISTER: Court Spares Directors Over Ch. 11 Claims
STELLAR BIOTECHNOLOGIES: Echavarria Reports 17% Stake as of Dec. 31

SUNDEVIL POWER: Proposes May 2 Auction for All Assets
TGHI INC: Former Targus Parents File Prepackaged Liquidating Plan
TGHI INC: To Seek Confirmation of Liquidating Plan on April 1
TRAVELPORT WORLDWIDE: Amalgamated Gadget Stake at 0.91% at Dec. 31
TRAVELPORT WORLDWIDE: FMR LLC Reports 14.9% Stake

TRAVELPORT WORLDWIDE: Solus Reports 5.5% Stake as of Dec. 31
WAFERGEN BIO-SYSTEMS: CVI Investments Reports 4.9% Stake at Dec. 31
WALTER ENERGY: Wants Formation, Funding of Retiree's VEBA Approved
WARREN RESOURCES: Warns of Possible Bankruptcy If Deal Fails
WORLD MARKETING: AFS Wants Associated Bank to Disgorge $600,000

WORLD MARKETING: Creditors Sue Associated Bank to Avoid Collateral
ZUCKER GOLDBERG: Committee's Challenge Period Expires Feb. 26
ZUCKER GOLDBERG: Plan Exclusivity Extended to April 18
ZUCKER GOLDBERG: Plan Put on Hold After Examiner Named
[*] Baker Donelson Evades Hedge Funds' Legal Fee Fraud Suit

[*] Justice Department Reaches $470MM Settlement with HSBC
[*] Tiger Capital, Liquidity Services Launch Partnership

                            *********

2821 INVESTORS: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: 2821 Investors, L.P.
        2626 West Ridge Pike
        Norristown, PA 19403

Case No.: 16-10962

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 15, 2016

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Hon. Ashely M. Chan

Debtor's Counsel: Demetrius J. Parrish, Esq.
                  THE LAW OFFICES OF DEMETRIUS J. PARRISH
                  7715 Crittenden Street, #360
                  Philadelphia, PA 19118
                  Tel: (215) 735-3377
                  Email: djp711@aol.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $0 to $50,000

The petition was signed by Dean T. Cafiero, president.

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


ALLIED NEVADA: Tuttle Files Brief in Support of Plan Appeal
-----------------------------------------------------------
Brian Tuttle, along with Jordan Darga and Stoyan Tachev, all acting
pro se, filed with the U.S. District Court for the District of
Delaware on Feb. 5, 2016, a brief in connection with their appeal
of the Bankruptcy Court's order confirming Allied Nevada Gold
Corp.'s reorganization plan.

Mr. Tuttle et al. will ask the District Court to review:

  I. Whether the Bankruptcy Court committed an error of law or
abuse of discretion in finding the Debtors' Amended Chapter 11 Plan
of Reorganization satisfied the requirements of Sec. 1129(b) of the
Bankruptcy Code.  Mr. Tuttle, among other things, claimed that the
Bankruptcy Court overlooked evidence the appellee's long lived
assets were recoverable and the impairments the 2nd Moelis
evaluation relied upon were not in accordance with GAAP accounting
standards.  The Bankruptcy Court, according to Mr. Tuttle, abused
its discretion by relying upon highly speculative financial
suggestions, not in compliance with GAAP accounting standards, from
a company whom repeatedly violated public law, to confirm a
voluntarily filed Plan, that extinguished $600 million of reported
equity.  Such a departure prejudiced impaired and dissenting
shareholders by extinguishing their legal rights and claims to
property owned, Mr. Tuttle averred.

  II. Whether the Bankruptcy Court committed an error of law or
abuse of discretion in finding the Debtors' Amended Plan satisfied
the requirements of Sec. 1129(a)(11).  According to Mr. Tuttle, the
Bankruptcy Court overlooked evidence and arguments that the Plan
was nothing more than a visionary scheme.  At the Jan. 20 hearing
on appellant Darga's reconsideration motion, the Court admitted
that the Chapter 11 restructuring should have been a Chapter 7
liquidation.  This candid admission, according to Mr. Tuttle,
further evidence of the Court's departure from Sec. 1129(a)(11).
Chapter 11 protection is not a catch 22, all evidence provided
suggested the Plan was not feasible and the appellee will sell the
company through a process never disclosed to the Court, Mr. Tuttle
points out.

  III. Whether the Court committed an error of law or abuse of
discretion in departing from the essential requirements of U.S.C.
Sec. 1129(a)(5)(A) in its findings of fact and order confirming the
Plan.  U.S.C. Sec 1129)(a)(5)(A) explicably states a Court can only
confirm a plan if the proponent of the plan has disclosed the
identity and affiliates of any individual propose to serve as a
director, officer or voting trustee, and the appointment to such
office is consistent with the interests of creditors, equity
security holders and public policy.  According to Mr. Tuttle, due
to the fact that board member Mike Freehan's identity and
affiliation were not disclosed, it was impossible for the
Bankruptcy Court to make a determination that the undisclosed
director's appointment was consistent with the interests of
creditors, equity security holders or public policy.

  IV. Whether the Bankruptcy Court committed an error of law or
abuse of discretion in departing from the essential requirements of
U.S.C. Sec. 1129(a)(3) by finding that the Plan was proposed in
"good faith".  The Bankruptcy Court, according to Mr. Tuttle,
overlooked evidence the appellee abused the bankruptcy process by
submitting disclosures that were either incomplete or inaccurate.
The appellee fraudulently impaired assets to conceal their worth,
while omitting the name and/or affiliations of Mike Freehan.

   V. Whether the Bankruptcy Court committed an error of law or
abuse of discretion in denying Appellant Tuttle's motion to appoint
an examiner with access to and authority to disclose privileged
materials.  Mr. Tuttle and other members of the Ad Hoc Committee
proffered evidence in support of the need for an examiner to
investigate allegations of the trading of the appellee's assets by
insiders in several motions and pleadings.  At the Sept. 11
hearing, the Court abused its discretion by entering in to evidence
the declarations of Jason Hempel, Jacob Mercer, and Mr. Techard who
were not present at the Sept. 11 hearing and therefore unavailable
for cross examination.  According to Mr. Tuttle, the Court
overlooked evidence of Sarbanes Oxley violations, impairments not
in accordance with GAAP financing standards, evidence of insider
trading, and the sale of Exploration Properties to creditors.

A copy of Mr. Tuttle's brief in support of its appeal of the Plan
Confirmation Order is available for free at:

   http://bankrupt.com/misc/Allied_N_1398_Tuttle_Plan_Appeal.pdf

                       Plan Approval Order

Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware, on Oct. 8, 2015, issued findings of fact, conclusions
of law and order confirming Allied Nevada Gold Corp., et al.'s
Amended Joint Chapter 11 Plan of Reorganization.

The Debtors' Plan is a plan of reorganization for each of the
Debtors; however, the Plan provides that for purposes of
distributions, the Debtors will be substantively consolidated.

The Plan provides that a holder of an allowed unsecured claim will
receive either:

   (i) its pro rata share of 100% of the new common stock, subject
       to dilution on account of: (a) the conversion of the New
       Second Lien Convertible Notes and (b) the exercise of the
       New Warrants; or

  (ii) its pro rata share of the convenience claim distribution,
       which is equal to $2,750,000, if a holder of an allowed
       unsecured claim (1) holds a claim that is equal to or less
       than $500,000 or (2) elects to reduce its Claim to an
       amount equal to or less than $500,000.

The existing equity interests will be cancelled and the equity
holders will receive new warrants to purchase shares.

A full-text copy of Judge Walrath's Plan Confirmation Order is
available at http://bankrupt.com/misc/ANGplanord1008.pdf

                      About Allied Nevada

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

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

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

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

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

                           *     *     *

Judge Walrath on Oct. 8, 2015, entered an order confirming Allied
Nevada's Amended Plan of Reorganization, and the Plan later became
effective.  As a result of the financial restructuring, the Company
eliminated approximately $447.7 million of debt and related
interest payments from its balance sheet.


ALPHA NATURAL: Foundation PA Coal to Unload Rice Energy Stake
-------------------------------------------------------------
Judge Kevin R. Huennekens entered in December 2015 an order
approving debtor Foundation PA Coal Company, LLC's motion for an
order establishing procedures for the potential sale of shares of
Rice Energy, Inc.

Under the Stock Disposition Procedures, all sales will be market
transactions with unrelated third party buyers for cash
consideration.  No sales will be made for less than the
then-current trading price on the NYSE; provided that, any block
sale of the remainder of the Rice Shares may include a negotiated
discount typical in such transactions to account for market
volatility risk.

Five business days prior to each calendar quarter or as soon
thereafter as is practicable, Foundation Coal will serve a notice
describing the parameters for potential sales of the Rice Shares
for the quarter by email to:

     (a) Davis Polk & Wardwell LLP and McGuireWoods LLP, as
         co-counsel to Citibank, N.A. and Citicorp North America,
         Inc, as administrative and collateral agents under the
         DIP Financing and the Prepetition Credit Agreement;

     (b) Kirkland & Ellis LLP and Kutak Rock LLP, as co-counsel
         to the Second Lien Noteholder Group;

     (c) Stroock & Stroock & Lavan LLP, as counsel to the
         indenture trustee under the Second Lien Notes Indentures;
         and

     (d) Milbank, Tweed, Hadley & McCloy LLP and Sands Anderson PC
         as co-counsel to the Creditors' Committee.

The initial Quarterly Notice may be issued immediately and shall
cover the remainder of December 2015 in addition to the first
quarter of 2016.  

During the course of any calendar quarter, Foundation Coal may
modify the Sale Parameters by serving an amended Quarterly Notice
on the Interested Parties, including the same information and
subject to the same objection procedures as a Quarterly Notice.

The Interested Parties will have four business days after the date
of service of the Quarterly Notice or an Amended Notice, to object
to the Sale Parameters.  If an Objection to a Quarterly Notice or
an Amended Notice is properly and timely delivered, the Debtors may
not proceed with any Proposed Sale absent (a) withdrawal of the
Objection by written notice to the Debtors' counsel (including by
email) or (b) the  entry of an order of the Court.

A copy of the Dec. 22, 2015 Order Approving the Stock Disposition
Procedures is available for free at:

   http://bankrupt.com/misc/Alpha_N_1157_RE_Sales_Ord.pdf

                       39% Stake by Debtors

As reported in the Jan. 12 edition of the TCR, Alpha Natural
Resources, on behalf of itself and its indirect wholly owned
subsidiary, Foundation PA Coal Company, filed with the Securities
and Exchange Commission a Schedule 13D/A (Amendment No. 7) on Jan.
7, 2016, to disclose that the Alpha Entities may be deemed to
beneficially own 53,322,756 shares of Common Stock of Rice Energy,
Inc., which constitutes approximately 39.1% of the outstanding
Common Stock of Rice Energy, as of Dec. 21, 2015.

Alpha said Foundation directly holds 4,016,146 shares of the Rice
Energy Common Stock.  Because of Alpha's relationship to
Foundation, Alpha is deemed to beneficially own 4,016,146 shares of
Common Stock of Rice Energy.

Alpha also disclosed that Foundation has sold 2,392,839 shares of
the Common Stock through open-market transactions.

In 2010, Foundation entered into a 50/50 joint venture with Rice
Drilling C LLC, a wholly owned subsidiary of Rice Drilling B LLC,
in order to develop a portion of Alpha's Marcellus Shale natural
gas holdings in southwest Pennsylvania. On December 6, 2013,
Foundation, Rice Drilling C LLC and Rice Energy entered into a
transaction agreement.  Pursuant to the Transaction Agreement,
Foundation agreed to transfer its 50% interest in the Alpha Shale
JV to Rice Energy in exchange for total consideration of $300
million, consisting of $100 million of cash and the issuance by
Rice Energy to Foundation of 9,523,810 shares of Common Stock
concurrently with, and contingent upon, the consummation of Rice
Energy's initial public offering.

                       About Alpha Natural

Alpha Natural -- http://www.alphanr.com/-- is a coal supplier,
ranked second largest among publicly traded U.S. coal producers as
measured by 2014 consolidated revenues of $4.3 billion.  

Alpha Natural Resources, Inc. (Bankr. E.D. Va. Case No. 15-33896)
and its affiliates filed separate Chapter 11 bankruptcy petitions
on Aug. 3, 2015, listing $9.9 billion in total assets as of June
30, 2015, and $7.3 billion in total liabilities as of June 30,
2015.  The petition was signed by Richard H. Verheij, executive
vice president, general counsel and corporate secretary.

Judge Kevin R. Huennekens presides over the case.

David G. Heiman, Esq., Carl E. Black, Esq., and Thomas A. Wilson,
Esq., at Jones Day serve as the Debtors' general counsel.

Tyler P. Brown, Esq., J.R. Smith, Esq., Henry P. (Toby) Long, III,
Esq., and Justin F. Paget, Esq., serve as the Debtors' local
counsel.  Rothschild Group is the Debtors' financial advisor.
Alvarez & Marshal Holdings, LLC, is the Debtors' investment
banker.  Kurtzman Carson Consultants, LLC, is the Debtors' claims
and noticing agent.

The U.S. Trustee for Region 4 appointed seven creditors of Alpha
Natural Resources Inc. to serve on the official committee of
unsecured creditors.  Dennis F. Dunne, Esq., Evan R. Fleck, Esq.,
and Eric K. Stodola, Esq., at Milbank, Tweed, Hadley & McCloy LLP;
and William A. Gray, Esq., W. Ashley Burgess, Esq., and Roy M.
Terry, Jr., Esq. at Sands Anderson PC, represent the Committee.


ALPHA NATURAL: Unsecured Creditors Seek to Preserve Assets
----------------------------------------------------------
Jacqueline Palank, writing for Dow Jones' Daily Bankruptcy Review,
reported that Alpha Natural Resources Inc.'s unsecured creditors
are embarking on a quest to unlock what they say is "hundreds of
millions of dollars" of value in the coal mining company's
bankruptcy case.

According to the report, in court papers filed Feb. 15, the
official committee representing Alpha's unsecured creditors
notified Alpha and its lenders of its intent to assert its claim to
a number of assets the committee says aren't currently tied up as
collateral securing the lenders' claims.

                       About Alpha Natural

Alpha Natural -- http://www.alphanr.com/-- is a coal supplier,    

ranked second largest among publicly traded U.S. coal producers as
measured by 2014 consolidated revenues of $4.3 billion.  

Alpha Natural Resources, Inc. (Bankr. E.D. Va. Case No. 15-33896)
and its affiliates filed separate Chapter 11 bankruptcy petitions
on Aug. 3, 2015, listing $9.9 billion in total assets as of June
30, 2015, and $7.3 billion in total liabilities as of June 30,
2015.  The petition was signed by Richard H. Verheij, executive
vice president, general counsel and corporate secretary.

Judge Kevin R. Huennekens presides over the case.

David G. Heiman, Esq., Carl E. Black, Esq., and Thomas A. Wilson,
Esq., at Jones Day serve as the Debtors' general counsel.

Tyler P. Brown, Esq., J.R. Smith, Esq., Henry P. (Toby) Long, III,
Esq., and Justin F. Paget, Esq., serve as the Debtors' local
counsel.  Rothschild Group is the Debtors' financial advisor.
Alvarez & Marshal Holdings, LLC, is the Debtors' investment
banker.  Kurtzman Carson Consultants, LLC, is the Debtors' claims
and noticing agent.

The U.S. Trustee for Region 4 appointed seven creditors of Alpha
Natural Resources Inc. to serve on the official committee of
unsecured creditors.  Dennis F. Dunne, Esq., Evan R. Fleck, Esq.,
and Eric K. Stodola, Esq., at Milbank, Tweed, Hadley & McCloy LLP;
and William A. Gray, Esq., W. Ashley Burgess, Esq., and Roy M.
Terry, Jr., Esq. at Sands Anderson PC, represent the Committee.


AMERICAN AXLE: Posts $236 Million Net Income for 2015
-----------------------------------------------------
American Axle & Manufacturing Holdings, Inc., filed with the
Securities and Exchange Commission its annual report on Form 10-K
disclosing net income of $235.6 million on $3.90 billion of net
sales for the year ended Dec. 31, 2015, compared to net income of
$143 million on $3.69 billion of net sales for the year ended Dec.
31, 2014.

For the three months ended Dec. 31, 2015, the Company reported net
income of $62.9 million on $958.4 million of net sales compared to
net income of $13.2 million on $939.5 million of net sales for the
same period in 2014.

As of Dec. 31, 2015, the Company had $3.20 billion in total assets,
$2.90 billion in total liabilities and $301.5 million in total
stockholders' equity.

"AAM had an outstanding year in 2015.  On the strength of North
American light vehicle production volumes and our solid operational
performance, AAM achieved record sales and record gross profit for
the year.  We also made measurable progress in diversifying our
business and improving our capital structure," said AAM's Chairman
& Chief Executive Officer, David C. Dauch.  "As we look ahead to
2016 and beyond, we remain focused on advancing our technology
leadership in order to capitalize on major industry trends and
drive profitable growth and business diversification."

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

                     http://is.gd/6TjPI3

                     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.

                           *     *     *

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.


ATLANTIC CITY, NJ: Lawmakers Seek to Revive Rejected City
---------------------------------------------------------
Romy Varghese, writing for Bloomberg Brief - Distress & Bankruptcy,
reported that New Jersey lawmakers plan to mount a renewed push for
legislation aimed at stabilizing Atlantic City's finances despite
its rejection by Governor Chris Christie, seeking to extend aid to
the struggling gambling hub that's rapidly running out of money.

According to the report, the measures seek to divert gaming funds
to the city and for a decade set up fixed payments from casinos
instead of property taxes, which would prevent the assessment
appeals that have dealt a blow to the government's revenue.  If
approved, the bills could help steady a city that's at risk of
running out of cash in April, if not sooner, said state Senator Jim
Whelan, a Democrat who represents Atlantic City.

He said legislators will also introduce a bill that would give the
state more control over its finances for five years, a plan
presented by Christie on Jan. 26, the report related.  It would
give Atlantic City a year to generate cash from its water utility
before state officials step in to do so themselves, Whelan said,
the report cited.

                   *     *     *

The Troubled Company Reporter, on Feb. 3, 2016, reported that
Moody's Investors Service has placed the City of Atlantic City, NJ
Caa1 GO rating under review for possible downgrade.  The review for
downgrade will consider the adequacy of proposed legislative budget
solutions and the likelihood of municipal debt restructuring with
bondholder impairment.  Within the next two months, Moody's expects
the state legislature to develop a plan that will specify the
powers to be granted to the New Jersey Local Finance Board to
implement budget improvements and restructure municipal debt.  The
probability of bondholder impairment is likely low if budget
solutions are adequate and/or state financial support is high, but
could rise if they are not, which would lead to a revision of the
rating downward.  A specific indication that bondholders would be
included in adverse debt restructuring could also lead to a rating
downgrade.  Beyond the rating review time horizon, outstanding tax
appeal refunds could pose a risk to bondholder security even if
adequate budget measures are achieved.

The TCR, on Feb. 1, 2016, reported that Standard & Poor's Ratings
Services has lowered its underlying rating on Atlantic City Board
of Education, N.J.'s existing general obligation (GO) bonds to
'BB-' from 'BBB-'.  At the same time, S&P removed the rating from
CreditWatch negative.  The outlook is negative.

At the same time, S&P affirmed its 'A' school program rating.  The
outlook on the program rating is stable.


ATNA RESOURCES: Creditors Have Until Feb. 29 to File Claims
-----------------------------------------------------------
Creditors of Atna Resources Inc. have until the end of this month
to file their pre-bankruptcy claim against the company.

Proofs of claim must be filed no later than the Feb. 29 deadline
approved by Judge Sidney Brooks who oversees the company's
bankruptcy case.

This deadline is called a "bar date" because it means that
creditors who come forward after that date may be "barred" from
ever filing a claim against the company.   

Meanwhile, all governmental units that have claims against the
company must submit a proof of their claims no later than May 16,
2016.

                      About Atna Resources

Atna Resources Ltd. was incorporated in British Columbia in 1984
and its corporate management office is located in Golden,
Colorado.

The company is involved in all phases of the mining business,
including exploration, preparation of feasibility studies,
permitting, construction, development, operation and reclamation of
mining properties.  The company is currently operating the Pinson
Underground gold mine near Winnemucca, Nevada, the Briggs mine
located in Inyo County, California, and other development and
exploration-stage properties in Canada and the U.S.

Atna Resources, Inc., et al., filed Chapter 11 bankruptcy petitions
(Bankr. D. Colo. Proposed Lead Case No. 15-22848) on Nov. 18, 2015.
The petition was signed by Rodney D. Gloss as vice president &
chief financial officer.  The Debtors estimated assets in the range
of $10 million to $50 million and liabilities of $50 million to
$100 million.  Squire Patton Boggs (US) LLP represents the Debtors
as counsel.

The Office of the U.S. Trustee appointed five creditors to the
official committee of unsecured creditors.  Onsager Guyerson
Fletcher Johnson LLC represents the committee.


BERRY PLASTICS: Teachers Advisors Reports 1.5% Stake as of Dec. 31
------------------------------------------------------------------
Teachers Advisors, Inc., disclosed in an amended Schedule 13G filed
with the Securities and Exchange Commission that as of Dec. 31,
2015, it beneficially owns 1,826,133 shares of common stock of
Berry Plastics Corporation representing 1.52 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/BVWuY3

                         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.


CAESARS ENTERTAINMENT: Examiner to File Report by Month's End
-------------------------------------------------------------
Jacqueline Palank, writing for Dow Jones' Daily Bankruptcy Review,
reported that an end to the Chapter 11 restructuring of Caesars
Entertainment Corp.'s operating unit may finally be in sight.

According to the report, Richard J. Davis, the court-appointed
examiner who has spent nearly a year investigating Caesars'
relationship with its bankrupt unit, is expected to share his
findings as soon as the end of the month.

As previously reported by The Troubled Company Reporter, citing
Reuters, U.S. Bankruptcy Judge Benjamin Goldgar on Jan. 20, 2015,
said that he might dismiss Caesars's Chapter 11 bankruptcy case or
convert it to one under Chapter 7 liquidation if the Company
insists that the results of a probe into whether the Company
transferred its most profitable properties to new owners before
filing to reorganize under Chapter 11 remain sealed.

                   About Caesars Entertainment

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

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

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

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

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

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

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

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


CARDIAC SCIENCE: Taps Patterson Thuente to Handle IP and Trademark
------------------------------------------------------------------
Cardiac Science Corporation asks the U.S. Bankruptcy Court for the
Western District of Wisconsin for permission to employ Patterson,
Thuente, Pedersen, P.A. (doing business as Patterson Thuente IP) as
special counsel nunc pro tunc to Oct. 20, 2015.

Prepetition, the Debtor used the Patterson Firm in the ordinary
course of business to manage its extensive patent portfolio.  The
Patterson Firm's services to the Debtor have included, among other
things, patent and trademark prosecution, advice on intellectual
property rights and selected patent litigation work.

According to the Debtor, to the extent that any matter will
necessarily involve both the Patterson Firm and Whyte Hirschboeck
Dudek S.C. as its general bankruptcy counsel, WHD, the Patterson
Firm's special counsel services will compliment rather than
duplicate the services.

The Debtor owes the Patterson Firm approximately $440,000 for
prepetition Intellectual Property Services rendered at an hourly
rate.  In resolution of the Patterson Claims, the Debtor agrees
that the Patterson Firm will hold: (i) a secured claim equal to
$1.4 million; and (ii) an unsecured claim equal to $2.5 million.
CFS will agree that although it is purchasing the ZOLL Litigation
and judgment free and clear of liens, the Patterson Secured Claim
will attach to proceeds of the ZOLL Litigation settlement payment
with priority over the liens of CFS and HDFC Bank Limited and be
paid.  CFS will pay to the Patterson Firm the Patterson Secured
Claim amount as soon as practicable after it receives the ZOLL
Litigation settlement payment.

For the Intellectual Property Services only, the Patterson Firm
agreed to cap its fees at a maximum of $20,000 per month, plus any
expenses incurred in connection with the Intellectual Property
Services.

To the best of the Debtor's knowledge, the Patterson Firm does not
represent or hold any interest adverse to the Debtor or its estate
with respect to the matters on which the Patterson Firm is to be
employed.

                        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.


CCNG ENERGY: Court OKs Stipulation Resolving Bids to Dismiss Case
-----------------------------------------------------------------
The Hon. Ronald B. King of the U.S. Bankruptcy Court for the
Western District of Texas signed off a stipulation and agreed order
resolving motions to dismiss the Chapter 11 case of CCNG Energy
Partners, LP, et al.

The stipulation was entered between the Debtors, Guggenheim
Corporate Funding, LLC, as administrative agent, and Pirinate
Consulting Group, LLC.

Guggenheim has asserted that, among other things:

   -- Pirinate was appointed as the sole manager of each of the
Operating Subsidiaries; and

   -- it may have additional claims against CCNG Energy Partners
arising from the filing of the cases after receipt by the Parent of
the Written Consents.

Guggenheim and Pirinate each filed respective motions to dismiss
the Operating Subsidiaries' bankruptcy cases.  In this relation,
the parties desire to resolve all claims in connection with the
transactions under the proposed DIP Term Sheet.  

The Stipulation provides that:

   1. All proceedings and discovery upon the motions to dismiss,
and any and all claims of the parties relating to the Written
Consents will be withdrawn and waived by the parties and Pirinate
will receive payment under the budget of $12,500, and Dykema Cox
Smith will receive payment, as an ordinary course professional
or pursuant to other order of the Court, of $56,500; and

   2. The Debtors will have no further liability to Pirinate or
Dykema Cox Smith for further fees or expenses.

                         About CCNG Energy

CCNG Energy Partners, L.P. (the "Parent"), CCNG Energy Partners GP,
L.L.C. ("CCNG GP"), Trinity Environmental SWD, L.L.C., Trinity
Environmental Catarina SWD, L.L.C., Trinity Environmental Titan
Trucking, L.L.C., Moss Bluff Property, L.L.C. and Trinity
Environmental Services, L.L.C. (collectively, the "Operating
Subsidiaries") filed Chapter 11 bankruptcy petitions (Bankr. W.D.
Tex. Proposed Lead Case No. 15-70136) on Oct. 12, 2015.  The
petition was signed by Daniel B. Porter as CEO of General Partner.

All of the Debtors' operations are performed by the Operating
Subsidiaries.

The Debtors estimated both assets and liabilities in the range of
$100 million to $500 million.

Taube Summers Harrison Taylor Meinzer Brown LLP serves as the
Debtors' counsel.

Judge Ronald B. King is assigned to the case.

The Debtors are engaged in the disposal of produced saltwater and
waste from the exploration and production of oil and gas.

In 2015, the Office of the U.S. Trustee appointed six creditors to
the official committee of unsecured creditors.  The creditors are
Sun Coast Resources Inc., KBK Industries, Sabine Storage &
Operations Inc., Cambrian Management Ltd., WLP Oilfield Services,
and Dolphin Services & Chemicals LLC.


CCNG ENERGY: Files Schedules of Assets and Liabilities
------------------------------------------------------
CCNG Energy Partners, L.P., filed with the U.S. Bankruptcy Court
for the Western District of Texas its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property             $3,542,994
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                              $186,468,226
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                          $726,624
                                 -----------      -----------
        Total                     $3,542,994     $187,194,850

A copy of the schedules are available for free at
http://bankrupt.com/misc/CCNGEnergy_132_Nov25_SALs.pdf

                         About CCNG Energy

CCNG Energy Partners, L.P. (the "Parent"), CCNG Energy Partners GP,
L.L.C. ("CCNG GP"), Trinity Environmental SWD, L.L.C., Trinity
Environmental Catarina SWD, L.L.C., Trinity Environmental Titan
Trucking, L.L.C., Moss Bluff Property, L.L.C. and Trinity
Environmental Services, L.L.C. (collectively, the "Operating
Subsidiaries") filed Chapter 11 bankruptcy petitions (Bankr. W.D.
Tex. Proposed Lead Case No. 15-70136) on Oct. 12, 2015.  The
petition was signed by Daniel B. Porter as CEO of General Partner.

All of the Debtors' operations are performed by the Operating
Subsidiaries.

The Debtors estimated both assets and liabilities in the range of
$100 million to $500 million.

Taube Summers Harrison Taylor Meinzer Brown LLP serves as the
Debtors' counsel.

Judge Ronald B. King is assigned to the case.

The Debtors are engaged in the disposal of produced saltwater and
waste from the exploration and production of oil and gas.

In 2015, the Office of the U.S. Trustee appointed six creditors to
the official committee of unsecured creditors.  The creditors are
Sun Coast Resources Inc., KBK Industries, Sabine Storage &
Operations Inc., Cambrian Management Ltd., WLP Oilfield Services,
and Dolphin Services & Chemicals LLC.


CCNG ENERGY: Raymond James to Evaluate Strategic Alternatives
-------------------------------------------------------------
CCNG Energy Partners, LP, et al., filed with the U.S. Bankruptcy
Court for the Western District of Texas an amended engagement
letter with Raymond James & Associates, Inc., their investment
banker.  A red-lined copy of the amendment is available for free
at:

http://bankrupt.com/misc/CCNGEnergy_130_102_AmendedRaymond.pdf

The Hon. Ronald B. King on Nov. 24, 2015, entered an order
authorizing the Debtors to employ Raymond James as their external
investment banking advisor, nunc pro tunc to Oct. 30, 2015.

                         About CCNG Energy

CCNG Energy Partners, L.P. (the "Parent"), CCNG Energy Partners GP,
L.L.C. ("CCNG GP"), Trinity Environmental SWD, L.L.C., Trinity
Environmental Catarina SWD, L.L.C., Trinity Environmental Titan
Trucking, L.L.C., Moss Bluff Property, L.L.C. and Trinity
Environmental Services, L.L.C. (collectively, the "Operating
Subsidiaries") filed Chapter 11 bankruptcy petitions (Bankr. W.D.
Tex. Proposed Lead Case No. 15-70136) on Oct. 12, 2015.  The
petition was signed by Daniel B. Porter as CEO of General Partner.

All of the Debtors' operations are performed by the Operating
Subsidiaries.

The Debtors estimated both assets and liabilities in the range of
$100 million to $500 million.

Taube Summers Harrison Taylor Meinzer Brown LLP serves as the
Debtors' counsel.

Judge Ronald B. King is assigned to the case.

The Debtors are engaged in the disposal of produced saltwater and
waste from the exploration and production of oil and gas.

In 2015, the Office of the U.S. Trustee appointed six creditors to
the official committee of unsecured creditors.  The creditors are
Sun Coast Resources Inc., KBK Industries, Sabine Storage &
Operations Inc., Cambrian Management Ltd., WLP Oilfield Services,
and Dolphin Services & Chemicals LLC.


COLT DEFENSE: Fidelity Unit Invests $22 Million
-----------------------------------------------
Mark Basch, contributing writer for the Jacksonville Daily Record,
reported that Fidelity National Financial Inc. -- through its
Fidelity National Financial Ventures (FNFV) unit -- has made a $22
million investment in Colt Defense LLC as the gun manufacturer
emerged from Chapter 11 bankruptcy.

Fidelity revealed the investment during FNFV's quarterly conference
call with analysts on Feb. 11, the report said.

"It's an iconic company. It's one of the best brand names in that
type of industry in the world and the world is a dangerous place
right now," said Fidelity Executive Vice President Brent Bickett,
according to the report.

He said Fidelity partnered with Newport Global Advisors, a firm it
has teamed with in the past, to invest in debt securities issued by
Colt.  He did not say how much of an interest Fidelity will have in
Colt. The company's Chapter 11 reorganization plan stated the
Fidelity-Newport partnership, along with Colt's previous owner,
Sciens Capital Management, will have voting control of Colt.

                       About Colt Defense

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

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

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

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

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

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

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

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

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

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

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

                           *     *     *

Colt Defense's Modified Second Amended Joint Plan of Reorganization
was declared effective, and the Company emerged from Chapter 11
protection in January 2015.

The Plan was confirmed on Dec. 16, 2015, and the Court approved
modifications to the confirmed Plan on Jan. 12, 2016.  

Under the Plan, Colt Defense reduced its debt by approximately $200
million, after giving effect to $50 million of new capital raised
through the restructuring process.  In addition, the Company has
executed a long-term lease for its West Hartford Facility and has
entered into a memorandum of understanding with the United Auto
Workers.


DETROIT PUBLIC SCHOOLS: Lawmakers Pledge Bailout Won't Hurt Others
------------------------------------------------------------------
The Associated Press reported that lawmakers looking at a plan to
spend $715 million over a decade rescuing Detroit's ailing school
district said on Feb. 4, 2016, they will not pass legislation that
affects the funding in other districts across the state.

Instead, Republican and Democratic legislators are talking with
Gov. Rick Snyder's administration about other funding sources, such
as diverting a portion of tobacco tax revenue or the state's
settlement with tobacco companies.

According to the AP, the Senate Government Operations Committee on
Feb. 4 held the first of a number of hearings on legislation to
split the state-managed district in two this summer and gradually
return control to a locally elected board.

The district's 46,000 students would attend school in a new
district, while the old one would remain intact to retire
$515 million in operating debt over eight to 12 years.  A
commission of state appointees created to review Detroit's finances
in the wake of bankruptcy would oversee the new district's budget
until the debt is repaid and other conditions are met.

The AP reported that the Republican governor's strategy director,
John Walsh, told the GOP-controlled panel that "we fear inaction."

"One of the worst things that can happen in our opinion to the
state, to the students, to the district is bankruptcy," he said.
"DPS would be operating under judicial order."

The district is burdened by debt, falling enrollment, inadequate
buildings and low morale among employees whose recent absences have
closed schools. It has been under state financial management for
almost seven years, and Snyder officials have warned the district
could start being unable to pay some bills in the spring.

According to the AP, others testifying included Detroit Mayor Mike
Duggan, education advocates and the lead sponsor of the bills,
Republican Sen. Goeff Hansen of Hart.

Sen. Hansen said in the months before the legislation was
introduced in January, he made concessions to Detroit Democrats
such as retaining employees' union contract when they are
transferred to the new district, more quickly transitioning to a
fully elected board and keeping the lowest-achieving schools from
being closed for at least two years to give them a chance to turn
around.  He also committed to ending the Snyder-backed Education
Achievement Authority, which opened in 2013 and took over 15
Detroit schools through an agreement between Detroit schools' state
emergency manager and Eastern Michigan University.

Sen. Hoon-Yung Hopgood, D-Taylor, is working on legislation to use
tobacco tax revenue to help the district.  Sen. Hansen also raised
the possibility of the state's tobacco settlement, telling
reporters it could replace school aid funds sent to Detroit.

Mayor Duggan raised concerns that the legislation does not call for
a commission -- like Snyder proposed previously -- to "bring order"
to the opening and closing of schools, including independent
publicly funded charters that account for half the city's schools.
Eighty percent of schools in the city either opened or closed in
the last seven years, he said.


DEWEY & LEBOEUF: Prosecutors Have Deal with Zachary Warren
----------------------------------------------------------
Matthew Goldstein, writing  for The New York Times' DealBook,
reported that the criminal case arising from the collapse of the
once-prominent law firm Dewey & LeBoeuf has been cut in half, with
Manhattan prosecutors agreeing to a deferred prosecution agreement
with another of the four original defendants.

According to the report, prosecutors announced the agreement with
Zachary Warren, a 31-year-old lawyer, during a court hearing on
Feb. 16 that came just weeks before he was to go on trial in New
York State Supreme Court in Manhattan.  Mr. Warren will be required
to perform 350 hours of community service as part of the one-year
agreement, the report related.

In January, prosecutors working for Cyrus R. Vance Jr., the
Manhattan district attorney, reached a similar deal with Steven H.
Davis, the former chairman of Dewey, the report further related.
Mr. Vance's prosecutors agreed to the deferred agreement with Mr.
Davis after a jury deadlocked on dozens of charges against him and
two other former executives at the law firm, Stephen DiCarmine and
Joel Sanders, the report added.

                      About Dewey & LeBoeuf

Dewey & LeBoeuf LLP sought Chapter 11 bankruptcy (Bankr. S.D.N.Y.
Case No. 12-12321) to complete the wind-down of its operations.
The firm had struggled with high debt and partner defections.
Dewey disclosed debt of $245 million and assets of $193 million in
its chapter 11 filing late evening on May 29, 2012.

Dewey & LeBoeuf LLP operated as a prestigious, New York City-
based, law firm that traced its roots to the 2007 merger of Dewey
Ballantine LLP -- originally founded in 1909 as Root, Clark & Bird
-- and LeBoeuf, Lamb, Green & MacCrae LLP -- originally founded in
1929.  In recent years, more than 1,400 lawyers worked at the firm
in numerous domestic and foreign offices.

At its peak, Dewey employed about 2,000 people with 1,300 lawyers
in 25 offices across the globe.  When it filed for bankruptcy,
only 150 employees were left to complete the wind-down of the
business.

Dewey's offices in Hong Kong and Beijing are being wound down.
The partners of the separate partnership in England are in process
of winding down the business in London and Paris, and
administration proceedings in England were commenced May 28.  All
lawyers in the Madrid and Brussels offices have departed.  Nearly
all of the lawyers and staff of the Frankfurt office have
departed, and the remaining personnel are preparing for the
closure.  The firm's office in Sao Paulo, Brazil, is being
prepared for closure and the liquidation of the firm's local
affiliate.  The partners of the firm in the Johannesburg office,
South Africa, are planning to wind down the practice.

The firm's ownership interest in its practice in Warsaw, Poland,
was sold to the firm of Greenberg Traurig PA on May 11 for
$6 million.  The Pension Benefit Guaranty Corp. took $2 million of
the proceeds as part of a settlement.

Judge Martin Glenn oversees the case.  Albert Togut, Esq., at
Togut, Segal & Segal LLP, represents the Debtor.  Epiq Bankruptcy
Solutions LLC serves as claims and notice agent.  The petition was
signed by Jonathan A. Mitchell, chief restructuring officer.

JPMorgan Chase Bank, N.A., as Revolver Agent on behalf of the
lenders under the Revolver Agreement, hired Kramer Levin Naftalis
& Frankel LLP.  JPMorgan, as Collateral Agent for the Revolver
Lenders and the Noteholders, hired FTI Consulting and Gulf
Atlantic Capital, as financial advisors.  The Noteholders hired
Bingham McCutchen LLP as counsel.

The U.S. Trustee formed two committees -- one to represent
unsecured creditors and the second to represent former Dewey
partners.  The creditors committee hired Brown Rudnick LLP led by
Edward S. Weisfelner, Esq., as counsel.  The Former Partners hired
Tracy L. Klestadt, Esq., and Sean C. Southard, Esq., at Klestadt &
Winters, LLP, as counsel.

FTI Consulting, Inc. was appointed secured lender trustee for the
Secured Lender Trust.  Alan Jacobs of AMJ Advisors LLC, was named
Dewey's liquidation trustee.  Scott E. Ratner, Esq., Frank A.
Oswald, Esq., David A. Paul, Esq., Steven S. Flores, Esq., at
Togut, Segal & Segal LLP, serve as counsel to the Liquidation
Trustee.

Dewey's liquidating Chapter 11 plan was approved by the bankruptcy
court in February 2013 and implemented in March.  The plan created
a trust to collect and distribute remaining assets.  The firm
estimated that midpoint recoveries for secured and unsecured
creditors under the plan would be 58.4 percent and 9.1 percent,
respectively.


DIOCESE OF DULUTH: Judge Zive to Serve as Mediator
--------------------------------------------------
Tom Olsen, writing for Duluth News Tribune, reports that The
Diocese of Duluth and attorneys representing dozens of child sexual
abuse victims have agreed to enter mediation talks ahead of a May
25 deadline for filing claims.

The report says the Hon. Gregg Zive, a federal bankruptcy judge in
Arizona, is expected to assist in negotiations between the parties.
Judge Zive has served as a mediator in diocesan bankruptcies in
Spokane, Wash., and Stockton, Calif., and with the Chapter 9
bankruptcy of San Bernardino, Calif.

According to the report, the parties have agreed that mediation
will begin by May 1 and take place in Minneapolis.  If any party
objects to Judge Zive's appointment, Bankruptcy Judge Robert
Kressel, who is presiding over the bankruptcy case, will hold a
hearing on March 10 to consider the appointment.

                      About Diocese of Duluth

The Diocese of Duluth sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Minn. Case No. 15-50792) on Dec. 7,
2015.  The case is assigned to Judge Robert J Kressel.  

The Debtor's lead counsel is Bruce A Anderson, Esq., and J Ford
Elsaesser, Esq., at Elsaesser Jarzabek Anderson Elliott &
MacDonald, CHTD., in Sandpoint, Idaho.  The Debtor's local counsel
is Phillip Kunkel, Esq., at Gray, Plant, Mooty, Mooty & Bennett,
P.A., in St Cloud, Minnesota.

                             *     *     *

Duluth News Tribune reports that the Diocese of Duluth sought
Chapter 11 bankruptcy protection amid a $4.9 million judgment
against it in the first case to go to trial under the Minnesota
Child Victims Act.  With an annual budget of about $3.3 million --
and facing dozens of additional claims -- diocese officials stated
that bankruptcy was the only way they could fairly compensate all
victims while maintaining essential church operations.

The report adds that a diocese official testified at a hearing
earlier in February 2016 that, as of November 2015, the church
maintained net assets of a little more than $5 million and total
liabilities of just over $12 million.

Victims have until May 25, 2016, to file sexual abuse claims in
bankruptcy court.


ESTATE FINANCIAL: Has Deal on Allocation of Dispute Proceeds
------------------------------------------------------------
Thomas P. Jeremiassen, the duly appointed Chapter 11 Trustee for
the estate of Estate Financial, Inc., seeks authority from the U.S.
Bankruptcy Court for the Central District of California to enter
into a settlement agreement with Bradley D. Sharp, solely in his
capacity as liquidating trustee of the EFMF Liquidating Trust.

The EFI Trustee and EFMF Trustee have agreed on to enter into a
Settlement Agreement to fully and finally resolve substantially the
issue on the distribution of Dispute Proceeds that have already
been received and some of which may be received by one or the other
Party in the future through litigation or settlement.

The Trustees agreed to allocate these Dispute Proceeds as follows:
68% to the EFMF Liquidating Trust and 32% to the EFI Estate.

The Trustees further stipulate that EFMF Liquidating Trust will not
receive any distributions in connection with those funds in its
capacity as a general unsecured creditor of EFI, whether pursuant
to the EFI Plan or any distribution to creditors made by a trustee
if the EFI Case is converted to one under Chapter 7 of the
Bankruptcy Code.  The Trustees further agree that each Trustee
releases the other and related parties in connection with Disputes
and the Dispute Proceeds.

The EFI Trustee tells the Court that prior to the commencement of
the Cases, that various professionals or companies performed
services for EFI and EFMF, including legal and accounting services.
In connection with an alleged wrongful conduct of these
Professionals, the Trustees made demands upon and entered into
settlement negotiations with Seid & Zucker and its insurer, and
commenced concurrent adversary proceedings against Bryan Cave LLP,
respectively. In addition, the EFI Trustee claims that the Seid &
Zucker dispute has been settled and pending allocation between EFI
Estate and the EFMF Liquidating Trust for which the EFI Trustee is
holding approximately $450,000 on account thereof, and that there
may be future litigation or settlement proceeds in connection with
the Bryan Cave dispute.

According to the EFI Trustee, Creditors of the Debtor EFI will
benefit the allocation of the Dispute Proceeds since the division
reflected in the Settlement Agreement closely coincides with both
the aggregate amount which EFMF provided to EFI subsequent to the
time the Trustees allege that damages began accruing against Bryan
Cave relative to the aggregate amount which all others provided to
EFI subsequent to such time, and the anticipated amount of the
allowed EFMF claim as a general unsecured creditor in the EFI case
relative to the anticipated, aggregate amount of the allowed claims
of all other general unsecured creditors.

Furthermore, the EFI Trustee alleges that approval and distribution
of the Disclosure Statement and the development of confirmation
procedures constitute the first step in the confirmation process,
thus, a Joint Motion was filed by the Chapter 11 Trustee and the
Creditors’ Committee, requesting among other things, for the
Court’s approval of a proposed solicitation and voting procedures
in connection with the First Amended Liquidating Plan under Chapter
11 of the Bankruptcy Code, for which Joint Motion has been
scheduled for Feb. 17, 2016 for a hearing. The EFI Trustee claims
that along with the Plan is the Disclosure Statement which
describes, among other things, the proposed Plan, the proposed
treatment of various Claims and Interests pursuant thereto, and the
potential effects of such treatment on the entities holding those
Claims and Interests.

The EFI Creditors' Committee has no objection to the Motion and the
settlement embodied in the Settlement Agreement.

Thomas P. Jeremiassen, EFI Trustee, is represented by:

     Robert B. Orgel, Esq.
     Jeffrey L. Kandel, Esq.
     Cia H. Mackle, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     10100 Santa Monica Blvd., 13th Floor
     Los Angeles, California 90067-4003
     Telephone: (310) 277-6910
     Facsimile: (310) 201-0760
     Email: rorgel@pszjlaw.com
            jkandel@pszjlaw.com
            cmackle@pszjlaw.com

The Official Committee of Unsecured Creditors is represented by:

     David W. Meadows, Esq.
     LAW OFFICES OF DAVID W. MEADOWS
     1801 Century Park East, Suite 1235
     Los Angeles, California 90067
     Telephone: 310-557-8490
     Facsimile: 310-557-8493
     E-mail:david@davidwmeadowslaw.com

          About Estate Financial

Estate Financial, Inc., was a licensed real estate brokerage firm
since the later 1980's.  EFI solicited funding for, and arranged
and made, loans secured by various real property.  EFI also was the
sole manager of Estate Financial Mortgage Fund LLC, which was
organized for the purpose of investing in and funding loans
originated by EFI which were secured by first deeds of trust
encumbering commercial and real estate located primarily in
California and has been funding such mortgage loans since 2002.

Five creditors of EFI filed an involuntary Chapter 11 petition
against the real estate broker (Bankr. C.D. Cal. Case No. 08-11457)
on June 25, 2008.  EFI consented to the bankruptcy petition on July
16, 2008.

In its schedules, Estate Financial disclosed total assets of $27.4
million, and total debt of $7.32 million.

Robert B. Orgel, Esq., at Pachulski Stang Ziehl & Jones LLP, and
William C. Beall, Esq., at Beall and Burkhardt, serve as counsel to
the Debtor.

A Chapter 11 trustee, Thomas P. Jeremiassen, was appointed by the
Court on July 23, 2008.

Robyn B. Sokol, Esq., and Steven T. Gubner, Esq., at Ezra Brutzkus
& Gubner, serve as counsel to the official committee of unsecured
creditors.


FPMC FORT WORTH: Files Schedules of Assets and Liabilities
----------------------------------------------------------
FPMC Fort Worth Realty Partners, LP filed with the U.S. Bankruptcy
Court for the Western District of Texas its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property              $120,000,000
  B. Personal Property            $9,984,412
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $67,116,330
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                        $3,814,408
                                 -----------      -----------
        Total                   $129,984,412      $70,930,738

A copy of the schedules is available for free at:

         http://bankrupt.com/misc/FPMCFort_27_Dec24_SAL.pdf

                     About FPMC Fort Worth

FPMC Fort Worth Realty Partners, LP filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Tex. Case No. 15-44791) on Nov. 30, 2015.
The petition was signed by Todd Furniss as manager of Neal Richards
Group Forest Park Development LLC, its general partner.  Franklin
Hayward LLP represents the Debtor as counsel.  Judge Mark X. Mullin
has been assigned the case.  

Proofs of claims are due by April 7, 2016.


FPMC SAN ANTONIO: Files Schedules of Assets and Liabilities
-----------------------------------------------------------
FPMC San Antonio Realty Partners, LP, filed U.S. Bankruptcy Court
for the Western District of Texas its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property              $101,000,000
  B. Personal Property            $9,301,170
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $64,468,931
  E. Creditors Holding
     Unsecured Priority
     Claims                                        $2,542,943
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                          $271,870
                                 -----------      -----------
        Total                   $110,301,170      $67,283,744

A copy of the schedules is available for free at:

    http://bankrupt.com/misc/FPMCSanAntonio_50_Oct29_SAL.pdf
  
                   Statement on Creditors Committee

On Nov. 13, 2015, Judy A. Robbins, U.S. Trustee for Region 7
notified the Court that she was unable to appoint an Unsecured
Creditors' Committee as contemplated by Section 1102 of the
Bankruptcy Code.

According to the U.S. Trustee, she has been unable to solicit
sufficient interest in serving on the Committee, in order to
appoint a proper Committee.

                        About FPMC San Antonio

FPMC San Antonio Realty Partners, LP's primary asset is a property
commonly known as the Forrest Park Medical Center Hospital and
Medical Office Building located at 5510 Presidio Parkway in San
Antonio, Texas.  Forrest Park Medical Center Hospital is a
specialty surgical hospital and medical office building.  The
four-story, 150,000 square-foot hospital has 54 beds.  The Property
includes an adjacent 4-story, 84,000 square foot Medical Office
Building, together with a parking garage.

FPMC did not operate the health care business conducted on its
property and instead leased the surgical hospital to a third party.
The hospital has ceased operations and furloughed its employees.

FPMC San Antonio Realty Partners sought Chapter 11 bankruptcy
protection (Bankr. W.D. Tex. Case No. 15-52462) on Oct. 6, 2015 to
pursue an 11 U.S.C. Sec. 363 sale of the assets.   The Debtor was
forced to file the Chapter 11 Case in order to stop an impending
foreclosure on the Property

Judge Craig A. Gargotta is assigned to the case.

The Debtor estimated assets of in the range of $100 million to $500
million and liabilities of at least $50 million.

The Debtor tapped the Law Offices of Ray Battaglia, PLLC, as
counsel. The Debtor also engaged CBRE, Inc., to market the
property.


FREEDOM COMMUNICATIONS: Proposes Bonus, Severance Plans
-------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that the owner of
the Orange County Register on Feb. 8, 2016, sought a California
bankruptcy judge's permission to implement bonuses worth up to $1.5
million for a group of executives and a severance package worth
$1.8 million for the newspaper's employees, saying that both are
needed to boost morale and stem turnover.  Freedom Communications
Inc. said in court papers that 32 employees, including its vice
president of sales, have left the company since it filed for
Chapter 11 protection in the fall.

                   About Freedom Communications

Headquartered in Santa Ana, California, Freedom Communications,
Inc., owns two daily newspapers -- The Press-Enterprise in
Riverside, Calif. and The Orange County Register in Santa Ana,
Calif.

Freedom Communications and 24 of its affiliates sought Chapter 11
bankruptcy protection in California with the intention of selling
their assets to a group of local investors led by Rich Mirman,
Freedom's chief executive officer and publisher.

Headquartered in Santa Ana, California, Freedom owns two daily
newspapers -- The Press-Enterprise in Riverside, Calif. and The
Orange County Register in Santa Ana, Calif.

Freedom Communications, Inc., et al., filed Chapter 11 bankruptcy
petitions (Bankr. C.D. Cal. Proposed Lead Case No. 15-15311) on
Nov. 1, 2015.  Richard E. Mirman signed the petition as chief
executive officer.  Lobel Weiland Golden Friedman LLP serves as the
Debtors' counsel.

Freedom Communications Holdings estimated both assets and
liabilities in the range of $10 million to $50 million.


FRESH & EASY: Creditors Investigate Ties to Yucaipa
---------------------------------------------------
Tom Corrigan, writing for Dow Jones' Daily Bankruptcy Review,
reported that citing failed settlement talks with Fresh & Easy LLC
backer Yucaipa Cos., creditors of the supermarket operator are now
looking into possible legal claims against the investment firm and
others.

According to the report, in court papers filed earlier in February
with the U.S. Bankruptcy Court in Wilmington, Del., lawyers
representing Fresh & Easy's unsecured creditors asked Judge Brendan
Shannon for access to a broad range of information about the
company's past business transactions, including the alleged
transfer of at least $40 million in real-estate assets from Fresh &
Easy to an affiliate of Los Angeles-based Yucaipa.

A hearing on the matter is set for Feb. 18, the report said.

                        About Fresh & Easy

Fresh & Easy, LLC, a chain of grocery stores in the Southwest
United States, filed Chapter 11 bankruptcy petition (Bankr. D.
Del., Case No. 15-12220) on Oct. 30, 2015.  The petition was
signed
by Peter McPhee as chief financial officer.  The Debtor estimated
assets of $10 million to $50 million and liabilities of at least
$100 million.

The Debtor has engaged Cole Schotz P.C. as counsel, Epiq
Bankruptcy
Solutions, LLC as claims and noticing agent, DJM Realty Services,
LLC and CBRE Group, Inc., as real estate consultants and
FTI Consulting, Inc. as restructuring advisors.

Judge Christopher S. Sontchi is assigned to the case.


FUHU INC: Seeks to Extend Deadline to Remove Suits to July 5
------------------------------------------------------------
Fuhu Inc. has filed a motion seeking additional time to remove
lawsuits involving the company and its affiliates.

In its motion, the company asked U.S. Bankruptcy Judge Christopher
Sontchi to move the deadline for filing notices of removal of the
lawsuits to July 5, 2016.

The motion is on Judge Sontchi's calendar for Feb. 24, 2016.

                           About Fuhu

Fuhu, Inc. and Fuhu Holdings, Inc. filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Proposed Lead Case No. 15-12465) on Dec.
7, 2015.  The petition was signed by James Mitchell as chief
executive officer.  The Debtors estimated assets in the range of
$10 million to $50 million and liabilities of $100 million to $500
million.  Pachulski Stang Ziehl & Jones LLP represents the Debtors
as counsel.  Judge Christopher S. Sontchi presides over the case.

Fuhu is headquartered in El Segundo, California, and employs
approximately 115 employees and retains one independent contractor
who work in various areas including marketing, sales, operations,
creative, technology, development and management.

Court document indicates that between 2010 and 2013, Fuhu's revenue
grew to more than $195 million in 2013.  Fuhu's array of nabi
tablets are sold in more than 10,000 retail outlets, including
Target, Best Buy, Costco Wholesale, Toys R'Us and Walmart stores.

Fuhu Moldings owns significant intellectual property assets of the
Debtors, including trademarks and copyrights.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  Cooley LLP represents
the committee.


FUTUREWORLD CORP: Admits Going Concern Doubt Amid Net Losses
------------------------------------------------------------
For the year ended March 31, 2015, FutureWorld Corp. incurred a net
loss of $1,405,157 and a cumulative net loss since inception of
$7,468,578, according to the company's regulatory filing with the
U.S. Securities and Exchange Commission on February 1, 2016.  As of
March 31, 2015, the company had a working capital of $3,715 and
$3,715 in cash with which to satisfy any future cash requirements.

According to the company, these conditions raise substantial doubt
about its ability to continue as a going concern.  The company
depends upon capital derived from future financing activities such
as loans from its officers and directors, subsequent offerings of
its common stock or debt financing in order to operate and grow the
business either directly or through its subsidiary.  There can be
no assurance that the company will be successful in raising such
capital.  The key factors that are not in the company's control and
that may have a direct bearing on operating results.  These factors
include, but are not limited to, acceptance of the company's
business plan, the ability to raise capital in the future, the
ability to expand its customer base, and the ability to hire key
employees to grow the business.  There may be other risks and
circumstances that management may be unable to predict.

Furthermore, the company reported a change in certifying
accountants, which involved DKM Certified Public Accountants (DKM)
resigning as its independent registered public accounting firm
effective June 19, 2015.

DKM issued a report on the company's consolidated financial
statements for the fiscal year ended March 31, 2014.  The report
did not contain an adverse opinion or disclaimer of opinion, and
was not modified as to uncertainty, audit scope, or accounting
principles.  Except that it contained an explanatory paragraph
expressing concern over the company's ability to continue as a
going concern.

"This 10K does not include audited financials.  Our previous
auditors unexpectedly, closed the operations, given us no time to
effectively prepare for a new auditor.  We are working diligently
to remedy this situation by working with new auditors to complete a
10K with audited financials," the company told the SEC.

At March 31, 2015, the company had total assets of $35,385,474,
total liabilities of $1,667,144 and total stockholders' equity of
$33,718,331.

For the year ended March 31, 2015, the company incurred a net loss
of $1,405,157 as compared with a net loss of $156,319 for the year
ended March 31, 2014.

A full-text copy of the company's annual report, as amended, is
available for free at: http://tinyurl.com/zqhz4zg

Saint Petersburg, Florida-based FutureWorld Corp. (FWDG) is a
provider of technologies and solutions to the global cannabis
industry.  FutureWorld, together with its subsidiaries, is focused
on the identification, acquisition, development, and
commercialization of cannabis related products and services, like
industrial hemp.


HAGGEN HOLDINGS: Closing Sales at Puyallup Store Approved
---------------------------------------------------------
Haggen Holdings, LLC, et al., on Jan. 29, 2016, won approval of a
motion allowing the Debtors to:

     (i) commence store closing sales at the Debtors' store
         located at 11012 Canyon Rd. East in Puyallup, WA,

    (ii) implement procedures to sell merchandise at the Store;

   (iii) enter into a Third Letter Agreement Governing Inventory
         Disposition by and among Debtor Haggen Opco North, LLC
         and Hilco Merchant Resources, LLC, dated Jan. 7, 2016.

The Debtors engaged Hilco as exclusive agent for the purpose of
conducting a sale of merchandise and FF&E at the Puyallup Store
through a "Store Closing", "Everything Must Go", "Everything on
Sale" or similar themed sale.  The sale will commence on or about
February 4, 2016 -- Supplemental Sale Commencement Date -- and
terminate no later than March 7, 2016.  

Provided the Gross Cost Recovery is no less than 88% -- Base Fee
Threshold -- the Agent will earn a fee equal to 0.5% -- Agent's
Supplemental Fee -- of the aggregate Gross Proceeds of Merchandise
sold at the Store.

The Debtors filed the Motion on Jan. 14, 2016.  No objections or
responses were filed by the Jan. 26 deadline.  After consulting
with the Official Committee of Unsecured Creditors and the Debtors
prepetition and postpetition lenders, the Debtors agreed to submit
a modified proposed order granting the Motion.

The revised proposed order provides that only the sale of
merchandise exclusive of furniture, fixtures and equipment (the
FF&E") at Puyallup Store will be authorized.  And the Debtors will
be authorized to sell, transfer or abandon certain surplus,
obsolete, non-core, or burdensome assets (exclusive of all
furniture, fixtures and equipment at the Puyallup Store) (such
assets, the "De Minimis Assets").  The original procedures and
proposed order provided for the inclusion of the FF&E in the store
closing sales.

A copy of the Jan. 29 Approving the Puyallup Store Closing Sales is
available for free at:

  http://bankrupt.com/misc/Haggen_H_1348_Ord_Puyallup_Closing.pdf

The Agent can be reached at:

          HILCO MERCHANT RESOURCES, LLC
          5 Revere Drive, Suite 206, Northbrook, IL 60062
          Attn: Ian Fredericks
          E-mail: ifredericks@hilcoglobal.com

                       About Haggen Holdings

Headquartered in Bellingham, Washington, Haggen was founded in 1933
as a single grocery store.  From 1933 to 2014, Haggen grew into a
30 store family-run grocery chain, with stores located in the
northwestern United States.  From 2011 to 2014, Haggen reduced its
store base to 18, including a stand-alone pharmacy location.

Haggen rapidly expanded in 2014 and 2015, and, as of the Petition
Date, Haggen owned and operated 164 stores through three operating
companies: Haggen, Inc., Haggen Opco North, LLC and Haggen Opco
South, LLC.

Haggen Holdings, LLC, and its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-11874 to
15-11879) on Sept. 8, 2015, with the intention of reorganizing, or
selling as a going concern, their stores for the benefit of their
creditors.

The petitions were signed by Blake Barnett, the chief financial
officer.

The Debtors estimated assets of $50 million to $100 million and
estimated liabilities of $10 million to $50 million.

Young, Conaway, Stargatt & Taylor, LLP, is serving as the Debtors'
local counsel.  Stroock & Stroock & Lavan LLP serves as the
Debtors' general counsel.  Alvarez & Marsal North America, LLC,
acts as the Debtors' financial advisor.  Kurtzman Carson
Consultants LLC serves as the Debtors' claims and noticing agent.

In September 2015, T. Patrick Tinker, assistant U.S. trustee for
Region 3, appointed seven creditors to the official committee of
unsecured creditors.  The Committee tapped Pachulski Stang Ziehl &
Jones LLP as counsel, nunc pro tunc to the Sept. 21, 2015.


HAGGEN HOLDINGS: Deadline to Auction Core Stores Moved to Feb. 22
-----------------------------------------------------------------
Haggen Holdings, LLC, et al., on Feb. 12, 2016, obtained a
Bankruptcy Court order authorizing a sixth amendment to their DIP
Credit Agreement.  The Amendment extends the sales-related
deadlines for the Debtors' core stores.

The Debtors on Oct. 15, 2015, won entry of a final order
authorizing them to obtain postpetition financing in accordance
with the DIP Credit Agreement.  The Debtors secured financing of up
to $215 million from PNC Bank, National Association, in its
capacity as agent.  The Original DIP Credit Agreement provided for
a termination date of Feb. 5, 2016.

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

     http://bankrupt.com/misc/Haggen_H_449_Ord_DIP_Loans.pdf

The Sixth Amendment extends the deadline to:

     -- conduct an auction for the Debtors' core stores (as
        provided in Sec. 10.7(u) of the DIP Credit Agreement) to
        Feb. 22, 2016; and

     -- obtain court approval of the Core Stores Sale (as provided
        in Sec. 10.7(v) of the DIP Credit Agreement) to Feb. 24,
        2016.

The original auction deadline was Jan. 15, and the sale order
deadline at Jan. 18.  Failing to comply with the core stores sales
deadlines is an event of default under the DIP Credit Agreement.

The DIP Agent, the DIP Lenders, the U.S. Trustee and the Creditors'
Committee have consented to the Court's entry of the order
approving the Sixth Amendment.  A copy of the Order is available
for free at:

    http://bankrupt.com/misc/Haggen_H_1443_Ord_6th_Am_DIP.pdf

The Debtors won approval of a bidding process for its core stores
in December.  The procedures allow the grocery chain to enter into
a deal with a buyer that will serve as the stalking horse bidder at
auction.  PNC Bank can submit a credit bid.

Haggen considers the stores in Oregon and Washington as its "core"
stores as they are "relatively successful" and are located in
strategic locations, according to its lawyer, Robert Poppiti Jr.
Esq., at Young Conaway Stargatt & Taylor LLP.

                       About Haggen Holdings

Headquartered in Bellingham, Washington, Haggen was founded in 1933
as a single grocery store.  From 1933 to 2014, Haggen grew into a
30 store family-run grocery chain, with stores located in the
northwestern United States.  From 2011 to 2014, Haggen reduced its
store base to 18, including a stand-alone pharmacy location.

Haggen rapidly expanded in 2014 and 2015, and, as of the Petition
Date, Haggen owned and operated 164 stores through three operating
companies: Haggen, Inc., Haggen Opco North, LLC and Haggen Opco
South, LLC.

Haggen Holdings, LLC, and its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-11874 to
15-11879) on Sept. 8, 2015, with the intention of reorganizing, or
selling as a going concern, their stores for the benefit of their
creditors.

The petitions were signed by Blake Barnett, the chief financial
officer.

The Debtors estimated assets of $50 million to $100 million and
estimated liabilities of $10 million to $50 million.

Young, Conaway, Stargatt & Taylor, LLP, is serving as the Debtors'
local counsel.  Stroock & Stroock & Lavan LLP serves as the
Debtors' general counsel.  Alvarez & Marsal North America, LLC,
acts as the Debtors' financial advisor.  Kurtzman Carson
Consultants LLC serves as the Debtors' claims and noticing agent.

In September 2015, T. Patrick Tinker, assistant U.S. trustee for
Region 3, appointed seven creditors to the official committee of
unsecured creditors.  The Committee tapped Pachulski Stang Ziehl &
Jones LLP as counsel, nunc pro tunc to the Sept. 21, 2015.


HAGGEN HOLDINGS: Landlords to 9 Core Stores Want to Evaluate Buyer
------------------------------------------------------------------
MGP X DHP, LLC, MGP X Properties, LLC, and MGP XI Town Center Lake
Forest, LLC filed with the Bankruptcy Court a limited objection and
reservation of rights to Haggen Holdings, LLC, et al.'s proposed
assumption and assignment of nine leases, which are included in the
"core" leases that the Debtors have sought Court approval to sell.

The Landlords lease to the Debtors retail space at these
locations:

    Store No.    Location
    ---------    --------
      2120       17171 Bothell Way NE, Seattle, WA
      11         2814 Meridian St., Bellingham, WA
      25         1401 12th St., Bellingham, WA
      77         3711 88th St. N.E., Marysville, WA
      63         1815 Main St., Ferndale, WA
      43         210 3th St., Bellingham, WA
      69         2601 East Division, Mount Vernon, WA
      55         26603 72nd Ave., N.W.
      15         757 Haggen Dr., Burlington, WA

On Jan. 12, 2016, the Debtors filed a Notice of Assumption,
Assignment and Cure Amount with Respect to Executory Contracts and
Unexpired Leases in connection with the proposed sale of the
Debtors' "core" leases.  All nine of the Leases have been
designated as "core leases".

The Landlords assert that before assuming and assigning any
unexpired lease, the Debtors and the proposed assignee must provide
adequate assurance of future performance, pursuant to Sec.
365(b)(1)(C), (b)(3) and (f)(2)(B) of the Bankruptcy Code.

"To date, the Debtors have not selected a stalking horse bidder,
have not designated any qualified bidders, and have provided no
documents or other information to the Landlords showing adequate
assurance of future performance under the Leases, such as documents
or other information showing the proposed assignee's current
financial wherewithal (e.g., balance sheets, cash flow statements,
tax returns, projections, etc.), the proposed assignee's experience
in operating grocery stores, and the proposed assignee's ability to
perform fully under the Leases without issue both upon assumption
and assignment and through the remaining terms of the Leases.
Accordingly, the Landlords cannot evaluate the eventual purchaser's
acceptability as an assignee, or whether the prerequisites of
sections 365(b)(1)(C), (b)(3) and
(f)(2)(B) of the Bankruptcy Code will be met.  The Landlords object
to any proposed assumption and assignment of the Leases to any
proposed assignee unless the Debtors and/or the proposed assignee
comply with sections 365(b)(1)(C), (b)(3) and (f)(2)(B). Absent
strict compliance with those sections, any proposed assumption and
assignment must be denied," the Landlords said in the Feb. 12, 2016
court filing.

The Landlords request that, as a condition to any order approving
assumption and assignment of the Leases, any assignee shall be
required, at the discretion of the Landlords, to enter into either
a short form Assumption and Amendment Agreement or a new lease
whereby the assignee shall become directly obligated to the
Landlords and appropriate revisions to the Leases (for example,
regarding notice addresses, brand name, references to "permitted
subtenants" and the like) must be made satisfactory to the
Landlords consistent with Section 365.

The Landlords are represented by:

         SAUL EWING LLP
         Mark Minuti, Esq.
         Lucian B. Murley, Esq.
         222 Delaware Avenue, Suite 1200
         P.O. Box 1266
         Wilmington, DE 19899
         Tel: (302) 421-6840
         Fax: (302) 421-5873
         E-mail: mminuti@saul.com
                 lmurley@saul.com

             - and -

         Lee R. Bogdanoff, Esq.
         David M. Guess, Esq.
         KLEE, TUCHIN, BOGDANOFF & STERN LLP
         1999 Avenue of the Stars, 39th Floor
         Los Angeles, CA 90067
         Tel: (310) 407-4000
         Fax: (310) 407-9090
         E-mail: lbogdanoff@ktbslaw.com
                 dguess@ktbslaw.com

                       About Haggen Holdings

Headquartered in Bellingham, Washington, Haggen was founded in 1933
as a single grocery store.  From 1933 to 2014, Haggen grew into a
30 store family-run grocery chain, with stores located in the
northwestern United States.  From 2011 to 2014, Haggen reduced its
store base to 18, including a stand-alone pharmacy location.

Haggen rapidly expanded in 2014 and 2015, and, as of the Petition
Date, Haggen owned and operated 164 stores through three operating
companies: Haggen, Inc., Haggen Opco North, LLC and Haggen Opco
South, LLC.

Haggen Holdings, LLC, and its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-11874 to
15-11879) on Sept. 8, 2015, with the intention of reorganizing, or
selling as a going concern, their stores for the benefit of their
creditors.

The petitions were signed by Blake Barnett, the chief financial
officer.

The Debtors estimated assets of $50 million to $100 million and
estimated liabilities of $10 million to $50 million.

Young, Conaway, Stargatt & Taylor, LLP, is serving as the Debtors'
local counsel.  Stroock & Stroock & Lavan LLP serves as the
Debtors' general counsel.  Alvarez & Marsal North America, LLC,
acts as the Debtors' financial advisor.  Kurtzman Carson
Consultants LLC serves as the Debtors' claims and noticing agent.

In September 2015, T. Patrick Tinker, assistant U.S. trustee for
Region 3, appointed seven creditors to the official committee of
unsecured creditors.  The Committee tapped Pachulski Stang Ziehl &
Jones LLP as counsel, nunc pro tunc to the Sept. 21, 2015.


HANCOCK FABRICS: Fillmore Outlet to Close in April
--------------------------------------------------
Heather Kennison, writing for Twin Falls Times-News, reports that
Hancock Fabrics on Fillmore Street is closing after its parent
company filed Chapter 11 bankruptcy.

The store will close in mid- to late-April and is selling its
inventory with no returns, manager Allison Wagstaff said, according
to the report.

The Associated Press reported Hancock Fabrics plans to close at
least 70 money-losing stores.

The report says the Idaho Falls location will also close.

A bankruptcy judge in Delaware on Feb. 3, 2016, authorized Hancock
Fabrics to sell its stores.  Judge Brendan L. Shannon also
authorized a $100 million debtor-in-possession credit facility.

                 Great American-Led Closing Sales

As reported in the Feb. 8, 2016 edition of the TCR, Hancock
Fabrics, Inc., et al., sought authority from the Bankruptcy Court
to continue to commence and continue store closing or similar
themed sales in accordance with a Consulting Agreement dated as of
Jan. 23, 2016, with Great American Group, LLC, as consultant.

The Debtors operate more than 260 stores in 37 states under the
name of "Hancock Fabrics," a national fabric and specialty retailer
offering an extensive selection of high-quality fashion and home
decorating textiles, sewing accessories, needlecraft supplies, and
sewing machines, along with in-store sewing advice.  

The Debtors intend to close a limited number of uneconomic and
underperformed retail stores and to pursue a sale of the balance of
their business through an auction process -- ideally on a
going-concern basis.  Lincoln International LLC, the Debtors'
proposed investment banker, had identified a total of 70 stores as
underperforming stores that should be closed immediately to ease
certain of the liquidity restraints that the Debtors currently face
by means of a store closing or similar themed sales.

In order to maximize the value of the inventory to be included in
the Store Closing Sales at the Closing Stores and the owned
furniture, fixtures, and equipment in the Closing Stores, the
Debtors sought to retain Great American, a national liquidation
firm, as consultant.

Under the terms of the Consulting Agreement, Great American will
serve as the exclusive agent to the Debtors for the purpose of
conducting a sale of certain Merchandise and Owned FF&E at the
Closing Stores using the procedures outlined in the Sale
Guidelines.

The sale term is from around Feb. 8, 2016, to May 30, 2016.

                        About Hancock Fabrics

Hancock Fabrics, Inc., is a specialty fabric retailer operating
stores under the name "Hancock Fabrics".  Hancock has 4,500
full-time and part time employees.  The Baldwyn, Mississippi-based
company is one of the largest fabric retailers in the United
States, operating 260 stores in 37 states as of October 31, 2015
and an internet store under the domain name
http://www.hancockfabrics.com/

Hancock Fabrics, Inc. and six of its affiliates, retailer of
fabric, sewing and accessories, filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10296 to 16-10302) on
Feb. 2, 2016.  Dennis Lyons, the senior vice president and chief
administrative officer, signed the petitions.  Judge Brendan
Linehan Shannon is assigned to the jointly administered cases.

The Debtors have engaged O'Melveny & Myers LLP as general counsel,
Richards, Layton & Finger, P.A., as local counsel, Clear Thinking
Group LLC as financial advisor, Retail Consulting Services, Inc.
d/b/a Real Estate Advisors as real estate advisors and Kurtzman
Carson Consultants, LLC as claims and noticing agent.

The Debtors disclosed total assets of $151.4 million and total
debts of $182.1 million.  The Debtors owe its trade vendors
approximately $21.2 million as of Jan. 31, 2016.


HASHFAST TECHNOLOGIES: Feb. 19 Hearing on Bitcoin as Currency
-------------------------------------------------------------
Stan Higgins at CoinDesk.com reported that a California bankruptcy
court is set to weigh in on whether bitcoin must be considered a
currency.

The hearing, set for Feb. 19, follows months of legal wrangling
between the trustee of bankrupt bitcoin mining firm HashFast and
Marc Lowe, a former promoter for the service who operated under the
handle 'CypherDoc'.

Trustee Michael Kasolas filed suit against Mr. Lowe in February of
last year, seeking to recoup 3,000 bitcoins that had been paid by
HashFast to Lowe for promoting the service, including a series of
posts on the Bitcoin Talk forum.  The trustees alleged that Mr.
Lowe was an insider who received preferential treatment from the
firm, including the awarding of a refund while other customers were
awaiting theirs, prior to HashFast's bankruptcy.

In a Jan. 22 filing, the trustees asked for a summary judgment
requiring that Mr. Lowe return the 3,000 bitcoins, as well as -
perhaps more importantly - a determination that bitcoin is a
commodity rather than a currency.  By doing so, the court would
essentially require that Mr. Lowe pay back the 3,000 BTC at today's
rate rather than the value, in dollar terms, when he received it in
September 2013.

Mr. Lowe asked the court to reject the trustee's claim that the
bitcoin transfers were fraudulent in nature.

                   About HashFast Technologies

San Francisco, California-based HashFast Technologies LLC, a
startup Bitcoin miner manufacturer-turned-chipmaker.

Baker Hostetler LLP filed on behalf of Koi Systems, UBE
Enterprises, Timothy Lam, Edward Hammond, and Grant Pederson, an
involuntary Chapter 7 bankruptcy petition against HashFast
Technologies (Bankr. N.D. Cal. Case No. 14-30725) on May 9,
2014.


HEALTH DIAGNOSTIC: Creditors to Vote on Liquidation Plan
--------------------------------------------------------
Patrick Fitzgerald, writing for Dow Jones' Daily Bankruptcy Review,
reported that a bankruptcy judge said Health Diagnostic Laboratory
Inc.'s creditors can vote on the Virginia laboratory's chapter 11
liquidation plan.

According to the report, Judge Kevin R. Huennekens of the U.S.
Bankruptcy Court in Richmond, Va., on Feb. 12 approved the Health
Diagnostic's disclosure statement describing the company's plan to
pay back creditors.  The disclosure document, laying out how much
creditors can expect to recover under a chapter 11 plan, must pass
muster with the court before creditors can vote on it, the report
related.

A confirmation hearing to consider approval of the plan is slated
for March 29, the report related.

                      About Health Diagnostic

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

Health Diagnostic Laboratory, Inc. (Bankr. E.D. Va. Case No.
15-32919) and affiliates Central Medical Laboratory, LLC (Bankr.
E.D. Va. Case No. 15-32920) and Integrated Health Leaders, LLC
(Bankr. E.D. Va. Case No. 15-32921) filed separate Chapter 11
bankruptcy petitions on June 7, 2015.  The petitions were signed
by
Martin McGahan, chief restructuring officer.  

HDL disclosed $96,130,468 in assets and $108,328,110 in
liabilities
as of the Chapter 11 filing.

Justin F. Paget, Esq., Tyler P. Brown, Esq., Jason W. Harbour,
Esq., and Henry P. (Toby) Long, III, Esq. at Hunton & Williams LLP
serve as the Debtors' bankruptcy counsel.  

Alvarez & Marsal is the Debtors' financial advisor.  Robert S.
Westermann, Esq., at Hirshler Fleisher, P.C., serve as the
Debtors'
conflicts counsel.  American Legal Claims Services, LLC, is the
Debtors' claims, noticing and balloting agent.  Ettin Group, LLC,
will market and sell the miscellaneous equipment and other assets.

MTS Health Partners, L.P., serves as investment banker.

To assist them with their restructuring efforts and to help
maximize the value of their estates, the Debtors filed with the
Court an application seeking entry of an order authorizing the
Debtors to retain Alvarez & Marsal Healthcare Industry Group, LLC
("A&M") to provide the Debtors with a Chief Restructuring Officer
and certain additional personnel.  Richard Arrowsmith is presently
the CRO.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  The official committee
retained Cooley LLP as its counsel and Protiviti Inc. as its
financial advisor.

                           *     *     *

On Oct. 29, 2015, the Court entered an order extending until Jan.
4, 2016, the period during which the Debtors have the exclusive
right to propose a Chapter 11 plan, and until March 3, 2016, the
exclusive period to solicit acceptances of that plan.

On Nov. 5, 2015, the Court entered an order setting Dec. 22, 2015,
as the Bar Date for the filing of all proofs of claim.

On Jan. 4, 2016, the Debtors filed a proposed Plan of Liquidation
and Disclosure Statement.


INDALEX INC: Kirkland Wants to Spike Trustee's Malpractice Suit
---------------------------------------------------------------
Jody Godoy at Bankruptcy Law360 reported that Kirkland & Ellis LLP
sought a quick win in a malpractice suit alleging the practice
encouraged Indalex Inc. to issue an ill-advised $76 million
dividend that benefited the law firm's partners, telling a Delaware
bankruptcy judge on Feb. 8, 2016, that the suit was filed too
late.

The firm urged U.S. Bankruptcy Judge Laurie Selber Silverstein to
grant summary judgment in the case.  George L. Miller, trustee for
defunct aluminum processor Indalex, contends that partners at the
law firm had a conflict of interest because of their investments in
funds related to Sun Capital Partners Inc., Indalex’s private
equity owner.

The Chapter 7 trustee filed an adversary suit against Kirkland &
Ellis in 2012 after discovering that Douglas C. Gessner, the
firm’s point man for Indalex, and other partners were invested in
private equity funds that owned the company when the dividend was
handed out in 2007.

The trustee is represented by Jesse N. Silverman and Maura Fay
McIlvain of Dilworth Paxson LLP.

Kirkland is represented by Abraham C. Reich, Peter C. Buckley, Seth
A. Niederman and Maura L. Burke of Fox Rothschild LLP.

The case is George L. Miller v. Kirkland & Ellis LLP, case number
1:12-ap-50713, in the U.S. Bankruptcy Court for the District of
Delaware.

                      About Indalex Holdings

Indalex Holdings Corp., a wholly owned subsidiary of Indalex
Holdings Finance Inc., through its operating subsidiaries Indalex
Inc. and Indalex Ltd., with headquarters in Lincolnshire,
Illinois, was the second largest producer of soft alloy extrusion
products in North America.  Indalex was indirectly controlled by
private-equity investor Sun Capital Partners Inc.

Indalex Holdings and four affiliates filed for Chapter 11
protection (Bankr. D. Del. Lead Case No. 09-10982) on
March 20, 2009, joining other investments by Sun Capital in
bankruptcy.  The Debtors tapped Young, Conaway, Stargatt & Taylor,
in Wilmington, Delaware as counsel.

In July 2009, the Bankruptcy Court authorized Indalex to sell its
business to Sapa Holding AB.  Sapa paid (i) $90.1 million in cash
and for the Debtors' U.S. assets; and (ii) $31.7 million in cash
for the Canadian assets.  Indalex Holdings Finance changed its name
to IH 1, Inc., following the sale.

At the behest of the official committee of unsecured creditors, the
Bankruptcy Court entered an order converting the Chapter 11
reorganization cases of Indalex Holdings Finance and its units to
Chapter 7 liquidation effective as of Oct. 30, 2009.



INTERNATIONAL TECHNICAL: Judge Sets March 15, 2016 Claims Bar Date
------------------------------------------------------------------
A federal judge approved the deadline proposed by International
Technical Coatings Inc. for filing pre-bankruptcy claims against
the company.

The order, issued by U.S. Bankruptcy Judge Madeleine Wanslee, gives
creditors until March 15, 2016, to file proofs of their claim.

This deadline is called a "bar date" because it means that
creditors who come forward after that date may be "barred" from
ever filing a claim against the company.

                    About International Technical

Phoenix, Arizona-based steel wire manufacturer International
Technical Coatings, Inc. filed Chapter 11 bankruptcy petition
(Bank. D. Ariz. Case No. 15-14709) on Nov. 18, 2015.  John Caldwell
signed the petition as chairman.  The Debtor estimated assets in
the range of $50 million to $100 million and liabilities of more
than $10 million.  Osborn Maledon, P.A. represents the Debtor as
counsel.  Judge Madeleine C. Wanslee has been assigned the case.

ITC has facilities located in Phoenix, Arizona and Columbus, Ohio.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  Stinson Leonard Street,
LLP represents the committee.


JOE'S JEANS: Carl Marks Acted as Investment Banker on Merger
------------------------------------------------------------
Carl Marks Securities LLC acted as investment banker and chief
restructuring advisor to denim retailer Joe's Jeans Inc. in the
completion of the merger of the Hudson jeans brand and the Robert
Graham fashion brand.

The combined company has been renamed Differential Brands Group,
Inc. ("Differential").  It will remain publicly listed on NASDAQ
under the ticker DFBG.  This name change highlights the
transformation of the Hudson Jeans and Robert Graham businesses
into a unified consumer platform, with plans to further grow the
new company organically as well as opportunistically via accretive
acquisitions of complementary, premium brands.

"The successful merger of Hudson Jeans and Robert Graham completes
the second of two transactions designed to transform Joe's Jeans
and create a platform for growth," said Evan Tomaskovic, CEO of
Carl Marks Securities.  "We are pleased that our firm's combined
investment banking and operating experience, as well as our
creative and strategic thinking, has proven to be an asset in
driving a positive outcome for a midmarket business needing to
reposition itself for the future," said
Mark Claster, President of Carl Marks Securities.

"We thank the Carl Marks Advisors team for the great work they have
done in driving a successful outcome for the Company and our
shareholders," added Sam Furrow, Chairman of the Board and Interim
Chief Executive Officer at Joe's Jeans Inc.  "Their strategic
advice and transactional experience were key contributor to our
efforts."

Akin Gump Strauss Hauer & Feld LLP acted as legal counsel to Joe's
Jeans, with a team led by
Russell W. Parks Jr. and Erica D. McGrady.

                   About Carl Marks Securities

Carl Marks Securities LLC, the broker-dealer affiliate of Carl
Marks Advisor Group LLC -- http://www.carlmarksadvisors.com--
provides financial advisory services related to private placement
of debt and equity capital.  Serving middle market companies, we
provide a broad range of capital market alternatives as they seek
financing for growth, mergers or acquisitions, restructurings or
other purposes.

Carl Marks Securities LLC is a member FINRA and SIPC.

                       About Joe's Jeans

Joe's Jeans Inc. -- http://www.joesjeans.com/-- designs, produces
and sells apparel and apparel-related products to the retail and
premium markets under the Joe's(R) brand and related trademarks.

As of Aug. 31, 2015, the Company had $172 million in total assets,
$149 million in total liabilities and $22.6 million in total
stockholders' equity.

In its audit report on the consolidated financial statements for
the year ended Nov. 30, 2014, Moss Adams LLP expressed substantial
doubt about the Company's ability to continue as a going concern,
citing that the Company has a net working capital deficiency due to
debt covenant violations and has suffered recurring losses from
operations.

The Company reported a net loss of $27.7 million on $189 million of
net sales for the fiscal year ended Nov. 30, 2014, compared with a
net loss of $7.31 million on $140 million of net sales in 2013.



LIQUID HOLDINGS: Wants Case Converted to Chapter 7 Liquidation
--------------------------------------------------------------
BankruptcyData reported that Liquid Holdings Group filed with the
U.S. Bankruptcy court a motion to convert the Chapter 11
reorganization cases to liquidation under Chapter 7.

The Debtors said it lack sufficient liquidity to make pursuit of a
sale or liquidating plan an appropriate exercise.  In addition,
despite extensive prepetition marketing, no party has committed to
serve as a stalking horse bidder in a sale process.

If the Chapter 11 cases are not converted, the Debtors believe that
they will be unable to continue to pay administrative expenses as
they come due.

The Court scheduled a Feb. 29, 2016, hearing to consider the
conversion motion, with objections due by Feb. 22.

                  About Liquid Holdings Group

Liquid Holdings Group, Inc. (otc pink:LIQD) --
http://www.liquidholdings.com-- 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 cases are Liquid Holdings Group, Inc., Case No. 16-10202
(Bankr. D. Del.) and Liquid Prime Holdings, LLC, Case No. 16-10203
(Bankr. D. Del.).

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.


MAPLE BANK: Chapter 15 Case Summary
-----------------------------------
Chapter 15 Petitioner: Dr. Michael C. Frege

Chapter 15 Debtor: Maple Bank GmbH
                   Neue Mainzer Strae 2-4 60311
                   Germany

Chapter 15 Case No.: 16-10336

Type of Business: Foreign commercial bank

Chapter 15 Petition Date: February 15, 2016

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

Chapter 15 Petitioner's    David Farrington Yates, Esq.
Counsel:                   DENTONS US LLP
                           1221 Avenue of the Americas
                           24th Floor
                           New York, NY 10020
                           Tel: (212) 768-6700
                           Fax: (212) 768-6800
                           Email: farrington.yates@dentons.com

Estimated Assets: Unknown

Estimated Debts: Unknown


MAPLE BANK: Seeking U.S. Recognition of German Proceeding
---------------------------------------------------------
Maple Bank GmbH, through Dr. Michael C. Frege, in his capacity as
duly appointed insolvency administrator and putative foreign
representative, had filed a Chapter 15 petition in the U.S.
Bankruptcy Court for the Southern District of New York seeking
recognition in the United States of an insolvency proceeding
currently pending in Germany.

Germany's Federal Supervisory Authority, Bundesanstalt fur
Finanzdienstleistungsaufsicht ("BaFin") filed on Feb. 10, 2016, an
application for the opening of insolvency proceedings with the
insolvency court at the Frankfurt am Main Lower District Court
(Amtsgericht Frankfurt am Main).  The Application followed BaFin's
issuance on February 6 of a moratorium under Section 46a of the
German Banking Act (Kreditwesengesetz), which resulted to Maple
Bank's inability to undertake its normal business activities.

According to a document filed with the Court, the February 6 Order
is the culmination of an investigation by German authorities
focusing on selected trading activities by Maple Bank, and certain
of its current and former employees, during taxation years 2006
through 2010.  The German authorities have alleged that these
trading activities violated German tax laws and are seeking to hold
Maple Bank liable for alleged tax liabilities of up to EUR392
million.

Maple Bank has branches in Toronto, Canada and Den Haag,
Netherlands, which are subject to German and local banking
regulation (including Canada's Office of the Superintendent of
Financial Institutions (OSFI) and the Dutch Imperial Bank
(Rijksbank), and operates regulated broker-dealer subsidiaries in
London, England; Jersey City, New Jersey, U.S.A. and Toronto,
Ontario, Canada.  Maple Bank has no offices or employees in the
U.S.

The Petitioner believes that the German Proceeding can be completed
most efficiently if he is entrusted with the administration,
realization and distribution of any assets in the U.S. in
accordance with the German Proceeding and the German Insolvency
Act.  As Maple Bank's duly appointed Insolvency Administrator, the
Petitioner immediately assumes possession and management of the
assets belonging to the insolvency estate pursuant to Section 148
of the German Insolvency Act.

The majority of Maple Bank's assets in the U.S. are located in New
York.  Currently, Maple Bank has a bank account with Deutsche Bank
Trust Company in New York, New York that holds cash deposits.
Additionally, Maple Bank has a separate United States bank account
with BMO Harris Bank N.A. holding cash deposits and is the sole
shareholder of United States subsidiaries incorporated under
Delaware law.

Court document shows that Maple Bank owns assets with a net book
value of approximately EUR2.6 billion as of Feb. 10, 2016, of which
approximately EUR1.8 billion is located within Germany.

Aside from BaFin, Maple Bank has been subject to the regulation and
control of the German Federal Reserve Bank and is a member of the
Association of German Banks and the Auditing Association of German
Banks.

The Chapter 15 case is under (Bankr. S.D.N.Y. Case No. 16-10336).

Dentons US LLP serves as the Petitioner's counsel.  CMS Hasche
Sigle acts as the German counsel to the Petitioner.


MCCLATCHY CO: Contributes Real Estate to Benefit Pension Plan
-------------------------------------------------------------
The McClatchy Company announced that as of close of business Feb.
11, 2016, it has contributed certain company-owned real estate to
its qualified defined benefit pension plan.  The real estate
includes six separate properties, inclusive of certain land and
buildings located in Raleigh, NC; Charlotte, NC; Garner, NC;
Gulfport, MS; Doral, FL; and Fresno, CA.  The properties have been
valued by independent appraisals at approximately $47.1 million in
total.

The company is leasing back the property from its pension plan for
11 years and will pay aggregate annual rent of approximately $3.5
million to the pension plan.  The contribution of the property will
have no impact on the company's day-to-day operations at its
newspapers, office buildings and/or production centers at these
locations.  The property will be managed by WhiteStar Advisors,
LLC, an independent real estate advisory firm engaged by the
pension plan.  WhiteStar hired independent real estate appraisers
to determine the value of the real estate contributed to the plan.

As previously discussed, McClatchy expects its required pension
contribution under federal law to be nominal in 2016.  The
aforementioned contribution of real estate is expected to more than
satisfy the company's required pension contribution for the year.
The final amount of the 2016 contribution is expected to be
determined in the third quarter of 2016 when the company's
actuaries complete the annual valuation of the pension plan.

Pursuant to provisions under its bond indenture governing debt
previously issued by Knight Ridder, Inc. (KRI) and assumed by
McClatchy in the 2006 acquisition of KRI the company will reduce
debt by a minimum of $27.6 million over the next 90 days.

"We view this as a win-win transaction for both the pension plan
and the company," said Elaine Lintecum, McClatchy's chief financial
officer.  "Our pension plan will benefit from rental income paid by
the company and we expect it to also benefit from price
appreciation as these properties hopefully gain in value over time.
T he company will, in turn, preserve its cash to repay debt."

Lintecum said, "The company will be able to continue to use the
facilities for the foreseeable future and will receive a cash tax
benefit of approximately $10 million associated with its 2015 tax
returns related to the net tax basis of the property contributed."


                 About The McClatchy Company

Sacramento, Cal.-based The McClatchy Company (NYSE: MNI)
-- http://www.mcclatchy.com/-- is a media company that provides
both print and digital news and advertising services.  Its
operations include 30 daily newspapers, community newspapers,
websites, mobile news and advertising, niche publications, direct
marketing and direct mail services.  Its owned newspapers include,
among others, the (Fort Worth) Star-Telegram, The Sacramento Bee,
The Kansas City Star, the Miami Herald, The Charlotte Observer,
and The (Raleigh) News & Observer.  The Company holds interest in
digital assets which include CareerBuilder, LLC, Classified
Ventures, LLC, HomeFinder, LLC, and Wanderful Media.

McClatchy Co reported net income of $374 million on $1.14 billion
of net revenues for the year ended Dec. 28, 2014, compared with net
income of $18.8 million on $1.21 billion of net revenues for the
year ended Dec. 29, 2013.

As of Sept. 27, 2015, the Company had $1.95 billion in total
assets, $1.74 billion in total liabilities and $202 million in
stockholders' equity.

                           *     *     *

McClatchy carries a 'Caa1' corporate family rating from Moody's
Investors Service.  In May 2011, Moody's changed the rating
outlook from stable to positive following the company's
announcement that it closed on the sale of land in Miami for
$236 million.  The outlook change reflects Moody's expectation
that McClatchy will utilize the net proceeds to reduce debt,
including its underfunded pension position, which will reduce
leverage by approximately half a turn and lower required
contributions to the pension plan over the next few years.

As reported by the TCR on April 2, 2014, Standard & Poor's Ratings
Services affirmed all ratings on U.S. newspaper company The
McClatchy Co., including the 'B-' corporate credit rating, and
revised the rating outlook to stable from positive.  The outlook
revision to stable reflects S&P's expectation that the
timeframe for a potential upgrade lies beyond the next 12 months,
and could also depend on the company realizing value from its
digital minority interests.


MEDIASHIFT INC: Has Until April 27 to Decide on Leases
------------------------------------------------------
U.S. Bankruptcy Judge Sandra Klein has given MediaShift Inc. and
Ad-Vantage Networks Inc. until April 27, 2016, to either assume or
reject unexpired leases of nonresidential real property.

                         About MediaShift

MediaShift, Inc. is a digital advertising technology company.  The
company, through its subsidiaries offers operators of private
internet networks to monetize their audiences through distributed
ad technology platforms and across multiple devices.

MediaShift, Inc., and Ad-Vantage Networks, Inc., filed Chapter 11
bankruptcy petitions (Bankr. C.D. Cal. Lead Case No. 15-25024) on
Sept. 30, 2015.  Rick Baran, the president, signed the petitions.
The Debtors estimated both assets and liabilities of $10 million to
$50 million.

The Debtors have engaged Levene, Neale, Bender, Yoo & Brill L.L.P,
as counsel.

Judge Sandra R. Klein is assigned to the cases.

The Office of the U.S. Trustee appointed four creditors to the
official committee of unsecured creditors.  Danning, Gill, Diamond
& Kollitz, LLP represents the committee.


MISSION NEW ENERGY: To Release Shares From Voluntary Escrow
-----------------------------------------------------------
Mission NewEnergy Limited disclosed that in accordance with Listing
Rule 3.10A, 15,000,000 ordinary shares (Escrowed Shares) in the
Company will be released from voluntary escrow on Feb. 25, 2016.

                   About Mission NewEnergy

Based in Subiaco, Western Australia, Mission NewEnergy Limited is
a producer of biodiesel that integrates sustainable biodiesel
feedstock cultivation, biodiesel production and wholesale
biodiesel distribution focused on the government mandated markets
of the United States and Europe.

The Company is not operating its biodiesel refining segment.  The
refineries are being held in care and maintenance either awaiting
a return to positive operating conditions or the sale of assets.

The Company has materially diminished its Jatropha contract
farming operation and the company is now focused on divesting the
remaining Indian assets.  The Company intends to cease all Indian
operations.

Mission NewEnergy reported profit of $28.4 million on $7.27 million
of total revenue for the year ended June 30, 2015, compared to a
loss of $1.09 million on $9.68 million of total revenue for the
year ended June 30, 2014.

As of June 30, 2015, the Company had $12.6 million in total assets,
$5.85 million in total liabilities and $6.76 million in total
equity.

"Although we incurred an operating profit for the year ended June
30, 2015 of A$28.3 million (2014: A$1.1 million loss), we have a
history of net losses and there is a substantial doubt about our
ability to continue as a going concern," the Company states in its
annual report for the year ended June 30, 2015.


MOLYCORP INC: Oaktree Blasts Threat to $514M Bankruptcy Claims
--------------------------------------------------------------
Jeff Montgomery at Bankruptcy Law360 reported that with trial
approaching Oaktree Capital sought to toss a count from a Molycorp
creditors adversary suit that could push the private equity shop's
potential $514 million in claims against the mining company to the
bottom of a $1.9 billion pile, or disallow them entirely.  The move
came as Molycorp Inc.'s official unsecured creditors committee
continued preparing for a two-part trial, slated to begin in early
March in Delaware bankruptcy court, in a suit accusing Oaktree
Capital Management LP and affiliated companies of everything from
fraud to fiduciary failings in dealing with and lending to the
financially ailing Molycorp.  Oaktree cited a recent observation in
a decision by a New York bankruptcy court that "no court has ever
employed equitable disallowance as a sanction."

                       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 creditor


NATIONAL CINEMEDIA: Stephens Inv. Holds 5% Stake as of Dec. 31
--------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Stephens Investment Management Group, LLC, et al.,
disclosed that as of Dec. 31, 2015, they beneficially own
3,079,541 shares of common stock of National CineMedia, Inc.
representing 5 percent of the shares outstanding.  A copy of the
regulatory filing is available for free at http://is.gd/ixNF86

                    About National CineMedia

National CineMedia, Inc., is the holding company of National
CineMedia, LLC.  NCM LLC operates the largest digital in-theatre
network in North America, allowing NCM to distribute advertising,
Fathom entertainment programming events and corporate events under
long-term exhibitor services agreements with American Multi-Cinema
Inc., a wholly owned subsidiary of AMC Entertainment Inc.; Regal
Cinemas, Inc., a wholly owned subsidiary of Regal Entertainment
Group; and Cinemark USA, Inc., a wholly owned subsidiary of
Cinemark Holdings, Inc.  NCM LLC also provides such services to
certain third-party theater circuits under "network affiliate"
agreements, which expire at various dates.

As of Oct. 1, 2015, the Company had $1 billion in total assets,
$1.23 billion in total liabilities and a $228 million total
deficit.

                            *     *     *

As reported by the TCR on March 24, 2011, Standard & Poor's
Ratings Services raised its corporate credit ratings on
Centennial, Colorado-based National CineMedia Inc. and
operating subsidiary National CineMedia LLC (which S&P analyzes on
a consolidated basis) to 'BB-' from 'B+'.  "The 'BB-' corporate
credit rating reflects S&P's expectation that NCM's EBITDA growth
will enable the company to continue to de-lever over the
intermediate term despite its aggressive dividend policy," said
Standard & Poor's credit analyst Jeanne Shoesmith.


NEW BEGINNINGS: Jeffersonville Nursing Home to Close in March
-------------------------------------------------------------
The Jeffersonville Healthcare & Rehab, which is owned by New
Beginnings Care, is scheduled to close in March, several employees
tell 13wmaz.com.

According to 13wmaz.com, the closure comes after an inspection
found "serious deficiencies" and after a federal agency pulled
Medicare and Medicaid funding.

13wmaz.com says on Jan. 13, according to court documents, state
inspectors visited the Jeffersonville nursing home.  The report
says the inspectors found health and safety violations that put
patients at risk.

An administrator at Jeffersonville Healthcare & Rehab referred
questions to Terry Walker, spokesman for New Beginnings Care, a
Tennessee company.

New Beginnings Healthcare & Rehab, LLC and several affiliated
entities filed for Chapter 11 bankruptcy protection (Bankr. E.D.
Tenn. Case Nos. 16-10272 to 16-10273; 16-10275 to 16-10280; and
16-10282 to 16-10287) on January 22, 2016.  The Hon. Nicholas W.
Whittenburg presides over the cases.  David J. Fulton, Esq., at
Scarborough & Fulton, serves as counsel to the Debtors.

New Beginnings estimated under $50,000 in assets and $1 million to
$10 million in liabilities.  The petition was signed by Debbie
Jones, member.

A Consolidated list of the Debtors' 30 largest unsecured creditors
is available for free at http://bankrupt.com/misc/tneb16-10272.pdf


NORANDA ALUMINUM: Jamaica Unit Said to Be In Takeover Talks
-----------------------------------------------------------
Alphea Saunders, senior staff reporter at Jamaica Observer, reports
that sources have confirmed that Noranda Bauxite Limited (NBL) is
in negotiations with a Chinese firm to take over its 49% share in
its beleaguered mining operations in St Ann.

The Jamaican Government owns 51% of the assets of Noranda Bauxite
Partners which is managed and run by NBL.

According to the Observer's source, "A major announcement is in the
offing".  That source also hinted that the aim of this unidentified
Chinese firm is to make massive investments not just in NBL's 49%
share, but the bauxite alumina industry as a whole.

The report also noted that the Chapter 11 bankruptcy filing of
NBL's parent company, Noranda Aluminum Holding Corporation (NAHC),
has stirred concerns about the future of Noranda's local operations
which has been in trouble for some time now.  The NAHC has,
however, assured that it will continue production in St Ann in
partnership with the Jamaican Government.

The Observer further reported that Jamaica's Mining and Energy
Minister Phillip Paulwell was scheduled to meet with Noranda's
management and unions representing the workers to discuss the job
cuts.  Since January 13, positions have been made redundant at
NBL's Discovery Bay plant.

                     About Noranda Aluminum

Noranda Aluminum Holding Corporation is an integrated producer of
primary aluminum and high-quality rolled aluminum coils.  The
Company has two businesses: an Upstream Business and a Downstream
Business.  The Upstream Business consists of a smelter near New
Madrid, Missouri, referred to as "New Madrid," and supporting
operations at a bauxite mining operation ("St. Ann") and an
alumina
refinery ("Gramercy").  The Downstream, or Flat-Rolled Products
Business is one of the largest aluminum foil producers in North
America, and consists of four rolling mill facilities.

Headquartered in New Madrid, Missouri, Noranda Aluminum, Inc., et
al., engaged in the production of primary aluminum and rolled
aluminum coils, filed separate Chapter 11 bankruptcy petitions
(Bankr. E.D. Mo. Proposed Lead Case No. 16-10083) on Feb. 8, 2016.

The petitions were signed by Dale W. Boyles, the chief financial
officer.  Judge Barry S. Schermer is assigned to the case.

The Debtors had approximately 1,857 employees as of the Petition
Date.

The Debtors estimated both assets and liabilities in the range of
$1 billion to $10 billion.  As of the Petition Date, the Debtors
had approximately $529.6 million in outstanding principal amount of
secured indebtedness, consisting of a revolving credit facility and
a term loan facility.

The Debtors have engaged Paul, Weiss, Rifkind, Wharton & Garrison
LLP as general counsel, Carmody MacDonald P.C. as local counsel,
PJT Partners, LP as investment banker, Alvarez & Marsal North
America, LLC as restructuring advisors and Prime Clerk LLC as
claims, solicitation and balloting agent.


NORTH ALABAMA SCIENCE CENTER: Museum Misses 2 Lease Payments
------------------------------------------------------------
Paul Gattis, writing for AL.com, reports that Disraeli LLC -- the
company that held the lease on the Sci-Quest museum -- said in
bankruptcy court filings that the not-for-profit museum in west
Huntsville, Alabama, is past due on its January and February
post-petition lease payments.  U.S. Bankruptcy Judge Clifton
Jessup, who presides over Sci-Quest's Chapter 11 proceedings, set a
hearing on the bankruptcy for March 7, 2016.

According to AL.com, the museum's website is offline and its phone
service appeared to have been disconnected. Its Facebook page
appears to have been removed as well.  The doors were locked at the
museum on Feb. 16.

North Alabama Science Center, Inc., dba Sci-Quest, filed for
Chapter 11 protection (Bankr. N.D. Ala. Case No. 14-83200) on Nov.
20, 2014, estimating under $1 million in both assets and debts.  A
copy of the petition is available at no extra charge at
http://bankrupt.com/misc/alnb14-83200.pdf Sci-Quest is represented
by Tazewell Shepard, Esq., at Tazewell Shepard, P.C.


NORTHERN FRONTIER: Gets Extension of Temporary Waiver From Lenders
------------------------------------------------------------------
Northern Frontier Corp. on Feb. 16 disclosed that it has received
an extension of its previously announced temporary waiver from its
lenders of certain financial covenants under its credit facilities
for the period ended December 31, 2015.

Management has negotiated a Waiver of the previously announced
anticipated breaches from its Lenders.  The Waiver terms include:

  -- the Lenders waive compliance by Northern Frontier of the
senior funded debt to EBITDA ratio covenant;
  -- the Lenders waive compliance by Northern Frontier of the fixed
charge coverage ratio covenant; and
  -- the Waiver expires on March 31, 2016.

The Waiver is conditional on, among other items, Northern Frontier
entering into amended credit facilities on terms satisfactory to
the Lenders on or before the expiration of the Waiver Period.  The
Waiver is a temporary solution to allow management and the Lenders
additional time to amend Northern Frontier's credit facilities.

                  About Northern Frontier Corp.

Northern Frontier's strategic objective is to create a large
industrial and environmental services business through a buy and
build growth strategy.  Currently, the Corporation provides: civil
construction, excavation, fabrication and maintenance services to
the industrial industry, bulk water transfer logistic services and
installs and dismantles remote workforce lodging and modular
offices in western Canada.

The Corporation's common shares and common share purchase warrants
are listed on the TSX Venture Exchange under the trading symbol
"FFF" and "FFF.WT.A", respectively.


OSAGE EXPLORATION: Feb. 25 Final Hearing on $1.4MM Apollo DIP Loan
------------------------------------------------------------------
Osage Exploration and Development, Inc., sought and obtained
interim authority from Judge Sarah A. Hall of the U.S. Bankruptcy
Court for the Western District of Oklahoma to obtain postpetition
loans and other extensions of credit from Apollo Investment
Corporation or one or more of its affiliates in an amount not to
exceed $1,400,000,

The DIP Lender has agreed to make available $400,000 of the DIP
financing upon entry of the interim order.

The judge conducted an interim hearing on the DIP Financing Motion
on Feb. 9, 2016.  A final hearing on the Financing Motion will take
place on Feb. 25 at 9:30 a.m.  Objections to entry of the Final
Order are due Feb. 19.

These pleadings were filed on February 8, 2016, in response to the
Financing Motion:

     -- Comments by the United States Trustee (Charles Snyder);

     -- Limited Joint Objection by Blake Arnold Working Interest
        Oil & Gas Properties, L.L.C., Claude C. Arnold Working
        Interest Oil & Gas Properties, L.L.C. and R. Scott
        Thompson Enterprises, LLC;

     -- Joinder In Limited Objection by Manor Oaks, LLC;

     -- Joinder In Limited Objection by CMO Energy Partners II,
        LP;

     -- Objection by Weatherford U.S., L.P., Weatherford
        Artificial Lift Systems, LLC, and Precision Energy
        Services, Inc.;

     -- Joinder In Limited Objection by CFE Partners LLC and
        Joinder In Limited Objection by Endico, Inc.

In the Interim Order, the Court said all objections are overruled
except to the extent the objections are addressed in the Interim
Order.

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

    http://bankrupt.com/misc/Osage_E_72_Int_Loan_Order.pdf

                       Terms of DIP Facility

The DIP facility from Apollo Investment Corporation will mature on
the earlier of:

     (i) April 25, 2016,

    (ii) the effective date of a chapter 11 plan with respect to
         the Bankruptcy Case,

   (iii) the sale of all or a substantial part of the assets of
         the Debtor and its subsidiaries, which, for the
         avoidance of doubt, shall include any sale of any oil
         and/or gas well operated by the Debtor, and

    (iv) the date that the Loans shall become due and payable in
         full or pursuant to the DIP Order, whether by
         acceleration or otherwise.

The DIP loans will have interest rate of 8% per annum, payable in
arrears at the end of every calendar month at maturity.  There is a
default rate of 2% per annum in excess of the interest rate
otherwise payable.  The Debtor agrees to pay fees of 2% of the
principal amount of the DIP Facility, payable on the date of the
applicable funding and 2% of the total amount advanced under the
DIP Facility payable upon maturity.

Osage Exploration also seeks to use cash collateral.  The Lender
has consented to the Debtor's use of cash collateral subject to
funding and budget limitations.  Use of cash collateral will
terminate on April 25, 2016.  

The parties have agreed to a 13-week budget.

The Debtor is already indebted to Apollo pursuant to a Credit
Agreement dated April 27, 2012.  The Lender holds a valid,
enforceable, and allowable claim against the Debtor, as of the
Petition Date, in an aggregate amount of at least $25,000,000 of
unpaid principal, plus any and all accrued and unpaid interest,
fees, costs, expenses, charges, and other claims.

The parties agree that the Debtor will conduct a comprehensive
marketing and sale process of its assets and businesses.

Attorneys for the Debtor:

          Mark A. Craige, Esq.
          Michael R. Pacewicz, Esq.
          CROWE & DUNLEVY
          500 Kennedy Building
          321 South Boston Avenue
          Tulsa, OK 74103-3313
          Tel: 918-592-9800
          Fax: 918-592-9801
          E-mail: mark.craige@crowedunlevy.com
                  michael.pacewicz@crowedunlevy.com

                    About Osage Exploration

Based in San Diego, California with production offices in Oklahoma
City, Oklahoma, and executive offices in Bogota, Colombia, Osage
Exploration and Development, Inc. (OTC BB: OEDV) --
http://www.osageexploration.com/-- is an independent exploration
and production company with interests in oil and gas wells and
prospects in the US and Colombia.

Osage Exploration filed a Chapter 11 petition (Bankr. W.D. Okla.
Case No. 16-10308) on Feb. 3, 2016, to pursue a sale of
substantially all assets.  

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

The Debtor tapped Crowe & Dunlevy as counsel.


PARAGON OFFSHORE: Taps KCC as Claims and Noticing Agent
-------------------------------------------------------
Paragon Offshore plc and its affiliated debtors seek authority from
the U.S. Bankruptcy Court for the District of Delaware to employ
Kurtzman Carson Consultants LLC as their claims and noticing agent
nunc pro tunc to the Petition Date, with

full responsibility for the distribution of notices and the
maintenance, processing, and docketing of proofs of claim filed in
their Chapter 11 cases.

The Debtors anticipate that by appointing KCC, the distribution of
notices and the processing of claims will be expedited, and the
office of the Clerk of the Bankruptcy Court for the District of
Delaware will be relieved of the administrative burden of
processing what may be an overwhelming number of claims.

KCC's currently hourly rates are:

     Position                                 Hourly Rate
     --------                                 -----------
     Executive Vice President                   Waived
     Director/Senior Managing Consultant         $180
     Consultant/Senior Consultant              $75-$165
     Technology/Programming Consultant         $35-$70
     Clerical                                  $30-$50
     Solicitation Lead/Securities Director      $215
     Securities Senior Consultant               $200

The Debtors request that the undisputed fees and expenses
incurred by KCC in the performance of the Claims and Noticing
Services in accordance with the terms of the Services Agreement be
treated as administrative expenses of their Chapter 11 estates and
be paid in the ordinary course of business without further
application to or order of the Court.

Prior to the Petition Date, the Debtors provided KCC a retainer in
the amount of $40,000, to be held by KCC during these Chapter 11
cases as security for the Debtors' payment obligations under the
Services Agreement.  Following termination of the Services
Agreement, KCC will return to the Debtors any unused portion of the
retainer.

Under the terms of the Services Agreement, the Debtors have agreed
to indemnify, defend and hold harmless KCC and its affiliates,
members, directors, officers, employees, consultants,
subcontractors and agents under certain circumstances specified in
the Services Agreement, except in circumstances resulting solely
from KCC's gross negligence or willful misconduct or as otherwise
provided in the Services Agreement or any order authorizing the
employment and retention of KCC.

KCC represented that it is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code, as modified by
Section 1107(b).

                      About Paragon Offshore

Paragon Offshore plc -- http://www.paragonoffshore.com/--
is a global provider of offshore drilling rigs.  Paragon's operated
fleet includes 34 jackups, including two high specification heavy
duty/harsh environment jackups, and six floaters (four drillships
and two semisubmersibles). Paragon's primary business is
contracting its rigs, related equipment and work crews to conduct
oil and gas drilling and workover operations for its exploration
and production customers on a dayrate basis around the world.
Paragon's principal executive offices are located in Houston,
Texas. Paragon is a public limited company registered in England
and Wales and its ordinary shares have been trading on the
over-the-counter markets under the trading symbol "PGNPF" since
December 18, 2015.

Paragon Offshore Plc, et al., filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10385 to 16-10410) on
Feb. 14, 2016, after reaching a deal with lenders on a
reorganization plan that would eliminate $1.1 billion in debt.

The petitions were signed by Randall D. Stilley as authorized
representative.  Judge Christopher S. Sontchi is assigned to the
cases.

The Debtors reported total assets of $2.47 billion and total debts
of $2.96 billion as of Sept. 30, 2015.  

The Debtors have engaged Weil, Gotshal & Manges LLP as general
counsel, Richards, Layton & Finger, P.A. as local counsel, Lazard
Freres & Co. LLC as financial advisor, Alixpartners, LLP as
restructuring advisor, and Kurtzman Carson Consultants as claims
and noticing agent.


PENNGOOD LLC: Case Summary & 16 Unsecured Creditors
---------------------------------------------------
Debtor: Penngood LLC
           dba Penn Good and Associates LLP
        1015 18th Street. NW #600
        Washington, DC 20036

Case No.: 16-00051

Chapter 11 Petition Date: February 15, 2016

Court: United States Bankruptcy Court
       District of Columbia (Washington, D.C.)

Debtor's Counsel: Richard G. Hall, Esq.
                  RICHARD G. HALL
                  7369 McWhorter Place, Suite 412
                  Annandale, VA 22003
                  Tel: (703) 256-7159
                  Email: richard@rghalllaw.us

Total Assets: $1.85 million

Total Liabilities: $4.42 million

Largest unsecured creditor: BET Viacom, $1,792,317

The petition was signed by Clyde H. Penn Jr., owner.

A list of the Debtor's 16 largest unsecured creditors is available
for free at http://bankrupt.com/misc/dcb16-00051.pdf


PHOTOMEDEX INC: Stonepine No Longer a Shareholder as of Dec. 31
---------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Stonepine Capital, L.P., Stonepine Capital Management,
LLC, Jon M. Plexico and Timothy P. Lynch disclosed that as of
Dec. 31, 2015, they ceased to beneficially own shares of common
stock of PhotoMedex, Inc.  A copy of the regulatory filing is
available for free at http://is.gd/swki9T

                       About PhotoMedex

PhotoMedex, Inc., is a global health products and services company
providing integrated disease management and aesthetic solutions to
dermatologists, professional aestheticians, ophthalmologists,
optometrists, consumers and patients.  The Company provides
proprietary products and services that address skin conditions
including psoriasis, vitiligo, acne, actinic keratosis, photo
damage and unwanted hair, as well as fixed-site laser vision
correction services at our LasikPlus(R) vision centers.

PhotoMedex and its subsidiaries has entered into a second
amended and restated forbearance agreement with the lenders that
are parties to the credit agreement dated May 12, 2014, and with JP
Morgan Chase, as administrative agent for the Lenders pursuant to
which the Lender have agreed to forbear from exercising their
rights and remedies with respect to certain events of default from
Aug. 25, 2014, until April 1, 2016, or earlier if an event of
default occurs, according to a document filed with the Securities
and Exchange Commission in March 2015.

As of June 30, 2015, the Company had $67.7 million in total assets,
$23.9 million in total liabilities and $43.8 million in total
stockholders' equity.

                        Bankruptcy Warning

"If, in the future, PhotoMedex is required to obtain similar
forbearance agreements as a result of our inability to meet the
terms of the credit agreement, there can be no assurance that those
forbearance agreements will be available on commercially reasonable
terms or at all.  If, as or when required, we are unable to repay,
refinance or restructure our indebtedness under those credit
facilities, or amend the covenants contained therein, the lenders
could elect to terminate their commitments under the credit
facilities and institute foreclosure proceedings against our
assets.  Under such circumstances, we could be forced into
bankruptcy or liquidation.  In addition, any additional events of
default or declaration of acceleration under one of those
facilities or the forbearance agreement could also result in an
event of default under one or more of these agreements.  Such a
declaration would have a material adverse impact on our liquidity,
financial position and results of operations," the Company stated
in its 2014 annual report.


PICO HOLDINGS: PICO Revises Revocation Solicitation
---------------------------------------------------
By Geoffrey J. Bailey -- gjbaileypb@hotmail.com -- PICO Holdings,
Inc. (Nasdaq:PICO), based in La Jolla, Calif., is a diversified
holding company reporting recurring losses since 2008. PICO owns
57% of UCP, Inc. (NYSE:UCP), 100% of Vidler Water Company, Inc., a
securities portfolio and various interests in small businesses.
Central Square Management LLC and River Road Asset Management LLC
collectively own more than 14% of PICO and have agitated for
governance and financial changes. Sean Leder owns 1% of PICO shares
and seeks shareholder authorization to call a Special Meeting to
remove and replace five directors. Other activists at
http://ReformPICONow.com/have taken to the Internet to advance the
shareholder cause.

In a PRER14A Revocation Solicitation Statement filed with the
Securities and Exchange Commission on February 16, 2016, PICO
attempts to convince shareholders to file a Blue Card to revoke
authorization for Mr. Leder's Special Meeting. PICO makes five
arguments. First, the Consent Solicitation is unnecessary because
PICO practices open and honest communication with shareholders.
Second, Mr. Leder lacks director and executive experience. Third,
Qualstar, on whose Board Mr. Leder serves as a Director, has
performed poorly when measured by stock price performance. Fourth,
PICO has taken measures to create shareholder value as per its
change in business plan, appointment of 3 new directors and stated
intent to return capital to shareholders. Last, Mr. Leder will bill
shareholders for any eventual proxy victory.

Activist bloggers at www.reformpiconow.com are unimpressed. They
note that up until Mr. Leder filed his Consent Statement, PICO was
dismissive of shareholders and had sought only entrenchment. Mr.
Leder has considerable real estate and deal experience, and has run
a successful family office for over 20 years. Qualstar's poor
market performance was not Mr. Leder's fault, as the company was
disadvantaged in many ways, long before Mr. Leder arrived. The
bloggers disparage PICO's director appointments, especially Eric
Speron, whom they note had served on no boards previously and lacks
the experience and credentials appropriate for directorship.
Finally, the activist bloggers charge PICO with deception regarding
Mr. Leder's future request for expense reimbursement. They note
that Mr. Leder's campaign will cost $250,000 while existing PICO
management has destroyed over half a billion dollars. Mr. Leder's
request will absorb less than a penny per share. Mr. Leder spends
his own money, while PICO seeks no reimbursement because it
currently spends shareholder money.

The bloggers encourage PICO shareholders to vote Mr. Leder's White
Request Card, and to throw any and all documentation from PICO in
the trash.


PUERTO RICO: House of Reps Passes Bill to Restructure $9BB in Debt
------------------------------------------------------------------
Mary Williams Walsh, writing for The New York Times' DealBook,
reported that a plan to restructure about $9 billion of Puerto
Rico's debt, hailed as a model for the rest of the island's
debt-laden government, moved toward the desk of Gov. Alejandro
Garcia Padilla to be signed into law, after winning approval by
Puerto Rico's House of Representatives.

According to the report, the Puerto Rico Senate, which approved a
similar bill last week, was still working to iron out differences
between the two bills.  The restructuring deal was set to expire at
midnight on Feb. 16 if not signed by the governor, but a person
with knowledge of the proceedings who spoke on the condition of
anonymity, said the lawmakers were within striking distance of
agreement and the creditors were not inclined to enforce the
deadline.


QUANTUM FUEL: Capital Ventures No Longer A Shareholder at Dec. 31
-----------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Capital Ventures International and Heights Capital
Management, Inc. disclosed that as of Dec. 31, 2015, they ceased to
beneficially own shares of common stock of Quantum Fuel Systems
Technologies Worldwide, Inc.  A copy of the regulatory filing is
available for free at http://is.gd/Uhlmft

                         About Quantum Fuel

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

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

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


QUANTUM MATERIALS: Weaver and Tidwell Raises Going Concern Doubt
----------------------------------------------------------------
Weaver and Tidwell, L.L.P., in an October 13, 2015 report addressed
to the board of directors and stockholders of Quantum Materials
Corp., 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 June 30, 2015 and 2014, and the
related consolidated statements of operations, stockholders' equity
(deficit), and cash flows for each of the years in the two-year
period ended June 30, 2015.

Weaver and Tidwell related that the company has suffered recurring
losses from operations and has an accumulated deficit that raises
substantial doubt about its ability to continue as a going
concern.

Quantum Materials President and Principal Executive Officer Stephen
Squires disclosed in a February 2, 2016 regulatory filing with the
U.S. Securities and Exchange Commission, "The company recorded
losses from continuing operations in the current period presented
and has a history of losses.  The ability of the company to
continue as a going concern is dependent upon its ability to
reverse negative operating trends, obtain revenues from operations,
raise additional capital, and/or obtain debt financing.

"Management has revised its business strategy to include expansion
into other lines of business.  In conjunction with the anticipated
new revenue streams, management is currently negotiating new debt
and equity financing, the proceeds from which would be used to
settle outstanding debts at more favorable terms, to finance
operations, and to develop its business plans.  However, there can
be no assurance that the company will be able to raise capital,
obtain debt financing, or improve operating results sufficiently to
continue as a going concern."

At June 30, 2015, the company had total assets of $1,929,635, total
liabilities of $1,200,662, and total stockholders' equity of
$728,973.

For the year ended June 30, 2015, the company posted a net loss of
$2,002,009 as compared with a net loss of $5,302,487 for the year
ended June 30, 2014.

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

Quantum Materials Corp. and its wholly owned subsidiary, Solterra
Renewable Technologies, Inc. (collectively referred to as the
company) are headquartered in San Marcos, Texas.  The company
specializes in the design, development, production and supply of
quantum dots, including tetrapod quantum dots, a high performance
variant of quantum dots, and highly uniform nanoparticles, using
its patented automated continuous flow production process.


SABINE OIL: BoNY Protests Kirkland's Impartiality in Claims Probe
-----------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that a
representative for certain Sabine Oil & Gas Corp. noteholders
challenged Kirkland & Ellis LLP's impartiality with regard to the
firm's role advising an investigation into potential legal claims
over the company's ill-fated tie-up with Forest Oil during a
mini-trial on Feb. 8, 2016, in New York bankruptcy court.

Akin Gump Strauss Hauer & Feld LLP partner Daniel Golden, who is
representing The Bank of New York Mellon Trust Co. in its role as
trustee for certain Sabine legacy unsecured notes, noted of
Kirkland's dual roles in the bankruptcy influenced the outcome of
an investigation into possible legal claims over the merger.
Kirkland and other attorneys aligned with Sabine denied the
accusation and said the examination was impartial.

Kirkland represented Sabine in its Chapter 11 case.  Kirkland also
advised a special committee formed prior to the company’s
bankruptcy filing that was tasked with examining legal claims that
various creditor groups could file related to the 2014 Forest Oil
merger.

                  About Sabine Oil & Gas Corporation

Sabine Oil & Gas Corp. is an independent energy company engaged in
the acquisition, production, exploration, and development of
onshore oil and natural gas properties in the U.S.  The Company's
current operations are principally located in the Cotton Valley
Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in
South Texas, the Granite Wash in the Texas Panhandle, and the
North Louisiana Haynesville.  The Company operates, or has joint
working interests in, approximately 2,100 oil and gas production
sites (approximately 1,800 operating and approximately 315
non-operating) and has approximately 165 full-time employees.

Sabine Oil and its affiliated entities sought Chapter 11
Protection (Bankr. S.D.N.Y. Lead Case No. 15-11835) in Manhattan
on July 15, 2015.

The Debtors have engaged Kirkland & Ellis LLP and Kirkland & Ellis
International LLP, as counsel; Lazard Freres & Co. LLC, as
investment banker and Prime Clerk LLC as notice, claims and
balloting agent.  The Debtors also tapped Zolfo Cooper Management,
LLC, to provide Jonathan A. Mitchell as CRO and other additional
personnel.

The U.S. Trustee for Region 2 appointed five creditors to serve on
the official committee of unsecured creditors.  The Committee
tapped Mark R. Somerstein, Esq., Keith H. Wofford, Esq.,
and D. Ross Martin, Esq., at Ropes & Gray LLP as counsel.  The
Committee also retained Blackstone Advisory Partners L.P. as
investment banker; and Berkeley Research Group, LLC as financial
advisor.


SAMSON RESOURCES: Kirkland Bid to Collect Fee Fight Costs Denied
----------------------------------------------------------------
Carmen Germaine at Bankruptcy Law360 reported that a Delaware
bankruptcy judge on Feb. 8, 2016, refused to allow Kirkland & Ellis
LLP and Klehr Harrison Harvey Branzburg LLP to seek reimbursement
from Samson Resources Corp. for any expenses from defending their
fees, noting a recent Delaware decision blocked similar cost
requests.

U.S. Bankruptcy Judge Christopher S. Sontchi sent a letter to
attorneys from Kirkland and Klehr Harrison saying he wouldn't
approve provisions in oil and gas company Samson's applications to
retain the firms that would allow them to seek reimbursement of any
expenses they incur defending their fees from legal challenges.

                      About Samson Resources

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

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

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

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

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

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Samson Resources Corp. and its affiliated debtors to
serve on the official committee of unsecured creditors.  The
Committee has tapped White & Case LLP as counsel and Farnan LLP as
local counsel.


SCIO DIAMOND: Incurs $1.26 Million Net Loss in Third Quarter
------------------------------------------------------------
Scio Diamond Technology Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $1.26 million on $125,677 of revenue for the three
months ended Dec. 31, 2015, compared to a net loss of $1.31 million
on $109,358 of revenue for the same period in 2014.

For the nine months ended Dec. 31, 2015, the Company reported a net
loss of $2.94 million on $534,144 of revenue compared to a net loss
of $3.07 million on $667,672 of revenue for the nine months ended
Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $10.71 million in total
assets, $3.62 million in total liabilities and $7.08 million in
total shareholders' equity.

"The Company has generated little revenue to date and consequently
its operations are subject to all risks inherent in the
establishment and commercial launch of a new business enterprise.
The Company continues to develop its diamond technology while
operating its factory to maximize revenue.  The Company experienced
a process water leak in our facility in mid-December 2015 causing
damage to our diamond growers and a temporary interruption in
production.  The factory was operating again within a number of
days, and is currently operating in excess of 80% of capacity.  The
delay in resuming full production capacity is due to the lead time
on the ordering of certain parts, and full operations may not
resume until the end of February 2016.  The shutdown had a
significant negative impact on revenue for December 2015 and
January 2016 and delays the Company's attainment of its near-term
business objectives.  The Company is working with its insurance
carrier to cover the expense related to the production shutdown and
the cost of the business interruption," according to the the
Quarterly Report.  

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

                     http://is.gd/nxDUEy

                     About Scio Diamond

Scio Diamond Technology Corporation was incorporated under the laws
of the State of Nevada as Krossbow Holding Corp. on Sept. 17, 2009.
The Company's focus is on man-made diamond technology development
and commercialization.


SFX ENTERTAINMENT: March 4 Final Hearing on DIP Financing Approval
------------------------------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court approved, on
an interim basis (amended), SFX Entertainment's
debtor-in-possession financing.  The Court scheduled a March 4,
2016 final hearing on the financing motion.

The proposed DIP Facility consists of a new money senior secured
priming superpriority multiple-drawn term loan facility in an
aggregate maximum principal amount not to exceed $30 million and
Tranche B DIP Loans in an amount not to exceed $57.6 million.

Jeff Montgomery at Bankruptcy Law360 reported that SFX
Entertainment scrambled through a revised Chapter 11 funding
agreement on Feb. 9, 2016, in Delaware federal court, after
creditors in the Netherlands moved against a subsidiary there
before the company could complete its interim financing deals.

According to Law360, the emergency Chapter 11 hearing trimmed the
company's regular debtor-in-possession financing to $87.6 million
from a $115 million total previously approved, while assigning a
portion of the original amount to a foreign lender.

                      About SFX Entertainment

Headquartered in New York, New York, SFX Entertainment, with
approximately $312 million in pro-forma revenues, is a producer of
live events and media and entertainment content focused
exclusively
on electronic music culture.

SFX Entertainment, Inc., and 43 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10238 to
16-10281) on Feb. 1, 2016.  The petitions were signed by Michael
Katzenstein as chief restructuring officer.

The Debtors disclosed total assets of $661.6 million and total
debts of $490.2 million.

Greenberg Traurig, LLP serves as the Debtors' counsel.   Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.  

Judge Mary F. Walrath is assigned to the case.


SIGA TECHNOLOGIES: Amended Plan Filed; April 5 Hearing Set
----------------------------------------------------------
BankruptcyData reported that SIGA Technologies filed with the U.S.
Bankruptcy Court an Amended Chapter 11 Plan and related Disclosure
Statement.  The Court scheduled a confirmation hearing on April 5,
2016, with objections due by March 15, 2016.

The Debtor has said that the Plan, which is supported by the
Official Committee of Unsecured Creditors, will enable SIGA to
emerge from chapter 11 and to continue the litigation of its
dispute with PharmAthene, Inc., without posting a bond or other
security, until that litigation is finally determined.

According to BankruptcyData, the Plan, as amended, provides:

   * Each holder of an Allowed General Unsecured Claim will receive
Cash in an amount equal to the Claim up to $5,000,000, plus
postpetition interest at the Postpetition Interest Rate accrued
from the Commencement Date to the Effective Date.

   * The PharmAthene Claim will be deemed allowed to the extent of
$5,000,000 on the Effective Date, if not otherwise allowed in a
greater amount on such date.  The only potential holder of an
Allowed General Unsecured Claim in excess of $5,000,000 is
PharmAthene.  

    * PharmAthene will receive in respect of the portion, if any,
of the PharmAthene Allowed Claim in excess of $5,000,000, in full
settlement and satisfaction of such Claim, the following: (i)
treatment with one of the following options:

      (A) Option 1: Payment in full in Cash of the unpaid balance
of the PharmAthene Allowed Claim.  Option 1 will only be available
if the PharmAthene Final Order provides for a single lump sum
payment, together with any interest, fees and expenses included in
such PharmAthene Final Order, to be paid to PharmAthene (a 'Lump
Sum Payment Award');

      (B) Option 2: Treatment of the PharmAthene Allowed Claim
pursuant to and in compliance with the provisions of the
PharmAthene Final Order if, and only if, such order provides for
something other than a single lump sum payment (plus any interest,
fees and expenses included in such PharmAthene Final Order) to be
paid to PharmAthene (or an award of specific performance) (an
'Alternative Award')."

                     About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in
Madison Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case is
assigned to Judge Sean H. Lane.

The Debtor has tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

The Debtor's Chapter 11 plan and disclosure statement are due
May 14, 2015.

The Debtor disclosed total assets of $131,669,746 and $7,954,645
in liabilities as of the Chapter 11 filing.

The Statutory Creditors' Committee is represented by Martin J.
Bienenstock, Esq., Scott K. Rutsky, Esq., and Ehud Barak, Esq., at
Proskauer Rose LLP.  The Committee tapped to retain Guggenheim
Securities, LLC, as its financial advisor and investment banker.


STANDARD REGISTER: Court Spares Directors Over Ch. 11 Claims
------------------------------------------------------------
Matt Chiappardi at Bankruptcy Law360 reported that a Delaware
bankruptcy judge on Feb. 8, 2016, threw out adversary claims from
the Standard Register Co. estate liquidating trust that directors
played a role in tanking the company by approving the prepetition
merger with debt-ridden rival WorkflowOne LLC, but will allow the
trustee a second swing at their bonus compensation.

During a hearing in Wilmington, U.S. Bankruptcy Judge Brendan L.
Shannon said the trustee hadn't presented any facts to show that
directors of document manager Standard Register were not acting
within the best interests of the company.

                    About Standard Register

Standard Register provided market-specific insights and a
compelling portfolio of workflow, content and analytics solutions
to address the changing business landscape in healthcare,
financial
services, manufacturing and retail markets.  The Company had
operations in all U.S. states and Puerto Rico, and had 3,500
full-time employees.

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

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

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

The Official Committee of Unsecured Creditors tapped Lowenstein
Sandler LLP as its counsel and Jefferies LLC as its exclusive
investment banker.

                           *     *     *

Assets of Standard Register and its affiliates were sold to Taylor
Corp., a privately held company.  The sale to Taylor closed on July
31, 2015.

SRC Liquidation Company, f/k/a The Standard Register Company, and
its affiliated debtors on Nov. 19, 2015, won confirmation of their
Second Amended Chapter 11 Plan of Liquidation.  The Effective Date
of the Plan occurred on Dec. 18, 2015.  The Plan proposes to pay 1%
of the allowed claims of general unsecured creditors.


STELLAR BIOTECHNOLOGIES: Echavarria Reports 17% Stake as of Dec. 31
-------------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Ernesto Echavarria disclosed that as of Dec. 31, 2015,
it beneficially owns 1,461,310 (1,411,310 common shares and 50,000
warrants) of Stellar Biotechnologies Inc. representing 17.19%,
assuming exercise of the 50,000 warrants.  A copy of the regulatory
filing is available at http://is.gd/zEoXtH

                        About Stellar

Port Hueneme, Cal.-based Stellar Biotechnologies, Inc.'s
business is to commercially produce and market Keyhole Limpet
Hemocyanin ("KLH") as well as to develop new technology related to
culture and production of KLH and subunit KLH ("suKLH")
formulations.  The Company markets KLH and suKLH formulations to
customers in the United States and Europe.

KLH is used extensively as a carrier protein in the production of
antibodies for research, biotechnology and therapeutic
applications.

Stellar Biotechnologies reported a net loss of $8.43 million for
the year ended Aug. 31, 2014, a net loss of $14.5 million for the
year ended Aug. 31, 2013, and a net loss of $5.52 million for the
year ended Aug. 31, 2012.  Stellar Biotechnologies reported a net
loss of $2.84 million on $758,689 of revenues for the year ended
Sept. 30, 2015.

As of Dec. 31, 2015, the Company had $10.35 million in total
assets, $723,675 in total liabilities and $9.63 million in total
shareholders' equity.


SUNDEVIL POWER: Proposes May 2 Auction for All Assets
-----------------------------------------------------
Sundevil Power Holdings, LLC and SPH Holdco LLC seek authority from
the Bankruptcy Court to establish bidding procedures to be employed
in connection with the proposed sale of substantially all of their
assets.  The Debtors also seek permission to enter into one or more
asset purchase agreements with one or more potential "stalking
horse" bidders and to provide certain bid protections to any
Stalking Horse Bidder.

According to the Debtors, the Bid Procedures are designed to
maximize value for their estates and will enable them to review,
analyze, and compare all bids received to determine which bid is in
the best interests of their estates and creditors.  The Bid
Procedures describe, among other things, the procedures for parties
to access due diligence, the manner in which bidders and
bids become "qualified," the receipt of bids received, the conduct
of any auction, the selection and approval of any ultimately
successful bidders, and the deadlines with respect to the foregoing
Bid Procedures.

A Potential Bidder who desires to be a Qualified Bidder must
deliver the Required Bid Documents so as to be received not
later than 12:00 p.m. (Eastern Time) on April 29, 2016, to
the Financial Advisor, 520 Madison Avenue, 7 th Floor, New York,
New York 10022 (Attn: Kevin Phillips (kphillips@jefferies.com) and
Richard Morgner (rmorgner@jefferies.com)) with copies to Drinker
Biddle & Reath, LLP, 222 Delaware Avenue, Suite 1400, Wilmington,
Delaware 19801 (Attn: Steven Kortanek (Steven.Kortanek@dbr.com)
and Howard A. Cohen (Howard.Cohen@dbr.com)), Vinson & Elkins LLP,
666 Fifth Avenue, 26 th Floor, New York, New York 10103-0040 (Attn:
David S. Meyer (dmeyer@velaw.com)) and Vinson & Elkins LLP,
Trammell Crow Center, 2001 Ross Avenue, Suite 3700, Dallas, Texas
75201-2975 (Attn: Paul E. Heath (pheath@velaw.com)).

If the Debtors execute any asset purchase agreement with any
Stalking Horse Bidder, the Debtors may, upon the consent
of the DIP Lenders, provide such Stalking Horse Bidders with a
breakup fee in an amount to be negotiated by the Debtors in their
discretion, based on the totality of the circumstances, including,
without
limitation, the purchase price and other terms and conditions of
the Asset Purchase Agreement, but in no event more than three
percent of the cash portion of the purchase price, payable only
from the proceeds of an alternative
sale transaction, and satisfied as a super-priority administrative
expense, and
subject to customary conditions and limitations.

In the event that the Debtors timely receive at least one Qualified
Bid with respect to the Assets, the Debtors will conduct an
auction.  The Auction will be in accordance with the Bid Procedures
and upon notice to all Qualified Bidders who have submitted
Qualified Bids.  The Auction will be conducted at the offices of
Vinson & Elkins LLP, 666 Fifth Avenue, 26 th Floor,
New York, New York 10103-0040 on May 2, 2016, at 10:00 a.m.
(Eastern Time).

The DIP Agent, the DIP Lenders, the Prepetition Agent and the
Prepetition Lender will be entitled to credit bid some or all of
their indebtedness at the Auction pursuant to Section 363(k) of
the Bankruptcy Code.

To incentivize potential bidders and thereby maximize the potential
value of the Assets, the Debtors request that they be authorized,
upon their receipt of any bid that the Debtors deem to be
acceptable in an exercise of their sound business judgment, to
designate one or more Qualified Bids as a stalking horse bid and to
execute an Asset Purchase Agreement with such Stalking Horse
Bidder in connection with the proposed sale of the Assets, at any
time before the commencement of the Auction.  No bid may be a
Stalking Horse Bid if it does not constitute a Qualified Bid.

Additionally, the Debtors, as part of the Sale, may assume and
assign Assumed Contracts and Assumed Leases.

                       About Sundevil Power

Merchant power generators Sundevil Power Holdings, LLC and SPH
Holdco LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Del. Case Nos. 16-10369 and 16-10370,
respectively), on Feb. 12, 2016.  The petitions were signed by
Blake M. Carlson as authorized signatory.

The Debtors estimated assets in the range of $100 million to $500
million and liabilities of at least $100 million.  

The Debtors have engaged Vinson & Elkins LLP as legal counsel,
Drinker Biddle & Reath LLP as Delaware counsel, and Garden City
Group as claims and noticing agent.

Judge Kevin J. Carey is assigned to the case.


TGHI INC: Former Targus Parents File Prepackaged Liquidating Plan
-----------------------------------------------------------------
Parent THI, Inc. (f/k/a Targus Holdings, Inc.) and TGHI, Inc.
(f/k/a Targus Group Holdings, Inc.) filed a Prepackaged Plan of
Liquidation that lets TGHI's general unsecured creditors recover
11% to 13% of their allowed claims.  The general unsecured
creditors are owed $8.32 million, according to court filings.

Pursuant to a Transaction Support Agreement dated May 21, 2015,
signed with majority of the lenders under the Debtors' $185 million
prepetition secured term loan facility, Holdings agreed to release
100% of the stock of operating company Targus Group International,
Inc. ("TGII") in favor of the $185 Million Facility Lenders.

The Prepetition $185 Million Facility Requisite Majority
Lenders agreed to, among other things:

     (i) fund $500,000 for the administration of these bankruptcy
         cases through confirmation and $200,000 for the post-
         confirmation wind-down and administration of the Debtors'
         estates -- the Funded Amount; and

    (ii) facilitate (and cause the Prepetition $185 Million
         Facility Lenders to ensure through subordination) the
         payment of the Transaction Consideration to Holdings.

The parties later entered into an amendment to the Transaction
Support Agreement, pursuant to which the parties agreed to
liquidate and settle the amount of the Transaction Consideration
at:

     (i) $750,000 to be funded to Holdings after the consummation
         of a publicly-noticed asset foreclosure sale process --
         whereby the Prepetition $185 Million Facility Lenders
         submitted the highest bid and became the new owners of
         certain of the assets of TGII, and

    (ii) any unused portion of the $700,000 Funded Amount.

As part of the Amendment, the Prepetition $185 Million Facility
Lenders agreed to waive and release all of their claims against
Holdings on account of Holding's guarantee of the Prepetition $185
Million Facility, and as a result, the Prepetition $185 Million
Facility Lenders have no remaining claims against the Debtors in
the Chapter 11 Cases.

In accordance with the Transaction Support Agreement and the
Amendment, the Debtors and the parties have negotiated the terms of
a chapter 11 plan that provides for a recovery to unsecured
creditors of Holdings that, based upon Holdings' insolvency, would
otherwise be unavailable absent the settlement regarding the
Transaction Consideration.  

The key components of the Plan are:

   * Holders of the Allowed Prepetition $20 Million Facility
Claims, owed $21,019,178, will allocate their distribution on
account of any claims they hold against Holdings under the
applicable debt documents (secured or unsecured) to holders of
General Unsecured Claims against Holdings.  The holders of $20
Million Facility Claims are slated to have a 0% recovery.

   * As a result of the allocation of distributions by the lenders
under the Prepetition $20 Million Facility, holders of Allowed
General Unsecured Claims against Holdings will receive their pro
rata share of the Fixed Transaction Consideration Payment and any
other Distributable Holdings Assets.  Only those Holders of General
Unsecured Claims against Holdings that vote in favor of the Plan
will receive their pro rata share of the Residual Funded Amount.
The holders of general unsecured claims against Holdings, estimated
at $8,323,999, are slated to have an 11% to 13% recovery.

   * Holders of general unsecured claims against Parent, estimated
at $52,733,223, will each receive a pro rata share of assets of
Parent available for distribution -- Distributable Parent Assets
-- if any.  However, there are no projected Distributable Parent
Assets.  The class is deemed to reject the Plan and will have a 0%
recovery.

   * Payment in full, in cash, of all Allowed Administrative
Claims, statutory fees, and, to the extent applicable, Priority Tax
Claims, Other Priority Claims and Other Secured Claims against
Holdings.

   * Equity Interests in Holdings will be cancelled and Parent will
not receive any distribution on account of those Equity Interests.
Because the Debtors believe that Parent has no other assets or
distributable value, no creditors of Parent, including General
Unsecured Claims against Parent are projected to receive
any distribution on account of their claims.  As a result, the
Debtors are not soliciting votes on the Plan from holders of
General Unsecured Claims against Parent.

   * Equity Interests in Parent will be cancelled on the Effective
Date and will receive no distribution on account of those Equity
Interests.

Pursuant to the Transaction Support Agreement, the Plan has the
support of (i) 100% of the Prepetition $20 Million Facility
Lenders, (ii) a majority of the holders of the Holdings PIK Notes,
which notes represent all of the unsecured claims against Holdings,
and (iii) pursuant to the direction of a majority of the holders of
the Holdings PIK Notes, the Administrative Agent for the Holdings
PIK Notes.

A copy of the Disclosure Statement filed Feb. 9, 2016, is available
for free at:

   http://bankrupt.com/misc/TGHI_Inc_7_Disc_Statement.pdf

The Debtors' attorneys:

         Tracy L. Klestadt, Esq.
         Joseph Corneau, Esq.
         KLESTADT WINTERS JURELLER SOUTHARD & STEVENS, LLP
         200 West 41st Street, 17th Floor
         New York, NY 10036
         Tel: (212) 972-3000
         Fax: (212) 972-2245
         E-mail: jcorneau@klestadt.com
                 tklestadt@klestadt.com

The Prepetition $20 Million Facility Lenders' attorneys:

          Brett Lawrence, Esq.
          Jayme Goldstein, Esq.
          Daniel Ginsberg, Esq.
          STROOCK & STROOCK & LAVAN LLP
          180 Maiden Lane
          New York, NY 10038-4982
          Tel: 212-806-5422
          E-mail: blawrence@stroock.com
                  jgoldstein@stroock.com
                  dginsberg@stroock.com

The Prepetition $20 Million Facility Agent can be reached through
Wilmington Trust, National Association's Jeffery Rose --
jrose@wilmingtontrust.com

The Prepetition $20 Million Facility Agent's attorneys:

          Alan Glantz, Esq.
          KAYE SCHOLER LLP
          250 West 55th Street
          New York, NY 10019-9710
          Tel: 212 836 8000
          E-mail: alan.glantz@kayescholer.com

The PIK Note Administrative Agent:

          LAW DEBENTURE TRUST COMPANY OF NEW YORK
          Attn: Frank Godino
                Thomas Musarra
          E-mail: frank.godino@lawdeb.com
                  Thomas.musarra@lawdeb.com

The PIK Note Administrative Agent's attorneys:

          Steven Reisman, Esq.
          Joshua Geller, Esq.
          James Drew, Esq.
          CURTIS, MALLET-PREVOST, COLT & MOSLE, LLP
          101 Park Avenue
          New York, NY 10178-0061
          Tel: 212 696 6000
          Fax: 1 212 697 1559
          E-mail: sreisman@curtis.com
                  jgeller@curtis.com
                  jdrew@curtis.com

                      About TGHI, Inc.

TGHI, Inc. and Parent THI, Inc. filed petitions under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case Nos. 16-10300 and
16-10301, respectively) on Feb. 9, 2016, to effectuate a wind down
and dissolution of their estates.

The Debtors were the former direct or indirect holding companies of
Targus Group International, Inc. and its operating subsidiaries --
which are now unaffiliated with the Debtors and are not "Debtors"
in the Chapter 11 Cases -- and were a leading global supplier of
carrying cases and accessory products for the mobile lifestyle.

TGII and its operating subsidiaries were a global supplier of
carrying cases and accessory products for the mobile lifestyle.
The Parent owns 100% of the equity interests in Holdings.  Holdings
owned 100% of the equity interests in TGII prior to the Oct. 30,
2015 transaction.

After various events of default commencing in December 2014 under
each of the operative senior secured revolving loan and term loan
credit facilities, the Debtors obtained various forbearances.
Pursuant to a Transaction Support Agreement dated May 21, 2015 with
holders of a prepetition $185 million credit facility, the Debtors
agreed to release the common stock into escrow and a marketing
process for a sale or refinancing transaction was commenced.  The
marketing process, however, failed to yield a result that would
repay a meaningful portion of the debt facilities.  On Oct. 30,
2015, 100% of the stock of TGII was released to an entity
controlled by the $185 Million Facility Lenders in exchange for an
agreement to fund the administration of the Debtors' Chapter 11
cases and the wind-down of the Debtors, and provide a "transaction
consideration" for the benefit of Holdings' creditors.

TGHI, Inc. estimated assets in the range of $1 million to $10
million and liabilities of $10 million to $50 million.  Parent THI,
Inc. estimated assets of $0 to $50,000 and liabilities of     $50
million to $100 million.

Judge Michael E. Wiles is assigned to the cases.

The Debtors have engaged Klestadt Winters Jureller Southard &
Stevens, LLP as counsel and Kurtzman Carson Consultants LLC as
claims, noticing agent and administrative agent.

The Debtors also tapped Kramer Levin Naftalis & Frankel LLP's Adam
C. Rogoff, Esq. -- arogoff@kramerlevin.com -- and Anupama
Yerramalli, Esq. -- ayerramalli@kramerlevin.com -- as special
counsel.

                          *     *    *

On Feb. 11, 2016, the Court entered an order establishing a March
18, 2016 general claims bar date, and an Aug. 8, 2016 governmental
claims bar date.


TGHI INC: To Seek Confirmation of Liquidating Plan on April 1
-------------------------------------------------------------
At the behest of Parent THI, Inc. (f/k/a Targus Holdings, Inc.) and
TGHI, Inc. (f/k/a Targus Group Holdings, Inc.), Judge Michael E.
Wiles on Feb. 11 agreed to set a combined hearing to consider
confirmation of the Debtors' Prepackaged Liquidating Plan and
approval of the explanatory Disclosure Statement.  

With the solicitation of Plan votes done prior to the bankruptcy
filing, the Debtors sought and obtained a Court order providing
that:

   * The Combined Hearing -- at which time the Court will consider,
among other things, the Solicitation Procedures, the adequacy of
the Disclosure Statement and confirmation of the Prepack Plan --
will commence at 11:00 a.m., (prevailing New York time) on April 1,
2016, which date may be continued from time to time without further
notice other than adjournments announced in open court.

   * Any objections to the Solicitation Procedures, Disclosure
Statement or confirmation of the Prepack Plan must be filed,
together with proof of service, with the Court and served so as to
be actually received by March 22, 2016 at 4:00 p.m. (prevailing New
York time), unless otherwise agreed to by the Debtors in their sole
discretion. The Reply Deadline is March 28, 2016.

The Debtors are seeking approval of solicitation procedures used in
connection with the prepetition solicitation of the Prepack Plan.
The Debtors set a voting record date of Feb. 1, 2016, distributed
solicitation packages Feb. 3, 2016, and set a Feb. 5, 2016 voting
deadline.

As a result of the solicitation, holders of (a) 100% of the
Prepetition $20 Million Facility Claims (Class 3) entitled to vote
on the Prepack Plan and (b) 100% of the General Unsecured Claims
Against Holdings (Class 5) entitled to vote on the Prepack Plan
voted to accept the Prepack Plan.

Specifically, as of the Voting Deadline, the Debtors had received
votes to accept the Prepack Plan from 100% of the holders of
Class 3 Prepetition $20 Million Facility Claims entitled to vote,
and votes from 15 of 17 of the holders (88%) of Class 5 General
Unsecured Claims against Holdings, representing $4,885,000 of the
$5,000,000 (97.7%) of the dollar amount of claims in such class.

The Debtors extended the Voting Deadline for two holders of Class 5
General Unsecured Claims against Holdings through Feb. 8, 2016, and
received and accepted ballots from such holders on Feb. 8, 2016.
As a result, all creditors entitled to vote have voted to accept
the Prepack Plan.

Votes of holders of Other Priority Claims (Class 1) and Other
Secured Claims (Class 2) were not solicited because their
respective claims are unimpaired under the Prepack Plan and as a
result, such holders are conclusively presumed to accept the
Prepack Plan pursuant to section 1126(f) of the Bankruptcy Code.
Votes of holders of General Unsecured Claims against Parent (Class
4), Intercompany Claims (Class 6), Equity Interests in Holdings
(Class 7) and Equity Interests in Parent (Class 8) were not
solicited because such holders will not receive or retain any
property under the Prepack Plan, and as a result, such holders are
deemed to reject the Prepack Plan pursuant to section 1126(g) of
the Bankruptcy Code.

                      About TGHI, Inc.

TGHI, Inc. and Parent THI, Inc. filed petitions under Chapter 11 of
the Bankruptcy Code (Bankr. S.D.N.Y. Case Nos. 16-10300 and
16-10301, respectively) on Feb. 9, 2016, to effectuate a wind down
and dissolution of their estates.

The Debtors were the former direct or indirect holding companies of
Targus Group International, Inc. and its operating subsidiaries --
which are now unaffiliated with the Debtors and are not "Debtors"
in the Chapter 11 Cases -- and were a leading global supplier of
carrying cases and accessory products for the mobile lifestyle.

TGII and its operating subsidiaries were a global supplier of
carrying cases and accessory products for the mobile lifestyle.
The Parent owns 100% of the equity interests in Holdings.  Holdings
owned 100% of the equity interests in TGII prior to the Oct. 30,
2015 transaction.

After various events of default commencing in December 2014 under
each of the operative senior secured revolving loan and term loan
credit facilities, the Debtors obtained various forbearances.
Pursuant to a Transaction Support Agreement dated May 21, 2015 with
holders of a prepetition $185 million credit facility, the Debtors
agreed to release the common stock into escrow and a marketing
process for a sale or refinancing transaction was commenced.  The
marketing process, however, failed to yield a result that would
repay a meaningful portion of the debt facilities.  On Oct. 30,
2015, 100% of the stock of TGII was released to an entity
controlled by the $185 Million Facility Lenders in exchange for an
agreement to fund the administration of the Debtors' Chapter 11
cases and the wind-down of the Debtors, and provide a "transaction
consideration" for the benefit of Holdings' creditors.

TGHI, Inc. estimated assets in the range of $1 million to $10
million and liabilities of $10 million to $50 million.  Parent THI,
Inc. estimated assets of $0 to $50,000 and liabilities of     $50
million to $100 million.

Judge Michael E. Wiles is assigned to the cases.

The Debtors have engaged Klestadt Winters Jureller Southard &
Stevens, LLP as counsel and Kurtzman Carson Consultants LLC as
claims, noticing agent and administrative agent.

The Debtors also tapped Kramer Levin Naftalis & Frankel LLP's Adam
C. Rogoff, Esq. -- arogoff@kramerlevin.com -- and Anupama
Yerramalli, Esq. -- ayerramalli@kramerlevin.com -- as special
counsel.

                          *     *    *

On Feb. 11, 2016, the Court entered an order establishing a March
18, 2016 general claims bar date, and an Aug. 8, 2016 governmental
claims bar date.


TRAVELPORT WORLDWIDE: Amalgamated Gadget Stake at 0.91% at Dec. 31
------------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Amalgamated Gadget, L.P. disclosed that as of Dec. 31,
2015, it beneficially owns 1,125,960 shares of common stock of
Travelport Worldwide Limited representing 0.91 percent of the
shares outstanding.

The Shares are held by Amalgamated for and on behalf of three
funds, R2 Investments, LDC and its two wholly owned subsidiaries,
R2 Top Hat, Ltd. and Q5-R5 Trading, Ltd., pursuant to an Investment
Management Agreement.  Pursuant to that agreement, Amalgamated has
sole voting and dispositive power of those shares and those three
funds have no beneficial ownership of those shares.

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

                      http://is.gd/hn8ttu
    
                   About Travelport Worldwide

Travelport Worldwide Limited is a travel commerce platform
providing distribution, technology, payment and other solutions for
the global travel and tourism industry.

As of Sept. 30, 2015, the Company had $2.93 billion in total
assets, $3.29 billion in total liabilities and a $359 million total
deficit.

                           *     *     *

As reported by the TCR in March 2015, Standard & Poor's Ratings
Services raised to 'B' from 'B-' its long-term corporate credit
rating on U.K.-based travel services provider Travelport Worldwide
Ltd.  The rating action reflects Travelport's good operating
performance in 2014.


TRAVELPORT WORLDWIDE: FMR LLC Reports 14.9% Stake
-------------------------------------------------
FMR LLC and Abigail P. Johnson disclosed in an amended 13G filed
with the Securities and Exchange Commission on Feb. 12, 2016, that
they beneficially own 18,525,533 shares of common stock of
Travelport Worldwide Ltd. representing 14.999 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/ABK4bZ

                  About Travelport Worldwide

Travelport Worldwide Limited is a travel commerce platform
providing distribution, technology, payment and other solutions for
the global travel and tourism industry.

As of Sept. 30, 2015, the Company had $2.93 billion in total
assets, $3.29 billion in total liabilities and a $359 million total
deficit.

                           *     *     *

As reported by the TCR in March 2015, Standard & Poor's Ratings
Services raised to 'B' from 'B-' its long-term corporate credit
rating on U.K.-based travel services provider Travelport Worldwide
Ltd.  The rating action reflects Travelport's good operating
performance in 2014.


TRAVELPORT WORLDWIDE: Solus Reports 5.5% Stake as of Dec. 31
------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Solus Alternative Asset Management LP, Solus GP LLC,
and Mr. Christopher Pucillo disclosed that as of Dec. 31, 2015,
they beneficially own 6,843,799 shares of common stock of
Travelport Worldwide Limited representing 5.54 percent of the
shares outstanding.  A copy of the regulatory filing is available
for free at http://is.gd/naeB1v

                   About Travelport Worldwide

Travelport Worldwide Limited is a travel commerce platform
providing distribution, technology, payment and other solutions for
the global travel and tourism industry.

As of Sept. 30, 2015, the Company had $2.93 billion in total
assets, $3.29 billion in total liabilities and a $359 million total
deficit.

                           *     *     *

As reported by the TCR in March 2015, Standard & Poor's Ratings
Services raised to 'B' from 'B-' its long-term corporate credit
rating on U.K.-based travel services provider Travelport Worldwide
Ltd.  The rating action reflects Travelport's good operating
performance in 2014.


WAFERGEN BIO-SYSTEMS: CVI Investments Reports 4.9% Stake at Dec. 31
-------------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, CVI Investments, Inc. and Heights Capital Management,
Inc. disclosed that as of Dec. 31, 2015, they beneficially own
759,275 shares of common stock of WaferGen Bio-systems, Inc.,
representing 4.9 percent of the shares outstanding.

The Shares reported as beneficially owned are issuable upon the
exercise of a warrant to purchase Shares.  The warrant is not
exercisable to the extent that the total number of Shares then
beneficially owned by a Reporting Person and its affiliates and any
other persons whose beneficial ownership of Shares would be
aggregated with such Reporting Person for purposes of Section 13(d)
of the Exchange Act, would exceed 4.99%.

A copy of the regulatory filing is available at:

                       http://is.gd/GTIFoA

                   About WaferGen Bio-systems

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

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

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


WALTER ENERGY: Wants Formation, Funding of Retiree's VEBA Approved
------------------------------------------------------------------
BankruptcyData reported that Walter Energy, the United Mine Workers
of America (the MWA) and Coal Acquisition (buyer) filed with the
U.S. Bankruptcy Court a joint motion for entry of an order
authorizing and approving the formation and funding of a Walter
Retirees' VEBA (volunteer employee benefits association).

The Debtor said the UMWA and Buyer have engaged in negotiations
with respect to an initial collective bargaining agreement.  On
Feb. 4, 2016, the UMWA and the buyer executed an agreement (the
'Buyer CBA'), subject to ratification by the UMWA Employees and the
closing of the sale.  The ratification vote with respect to the
Buyer CBA is scheduled for Feb. 16, 2016.  Assuming that the Buyer
CBA is ratified, the UMWA will withdraw all of the appeals filed by
the UMWA, subject to the closing of the sale. The buyer CBA
contemplates the formation and funding of the Walter Retirees' VEBA
for the benefit of eligible UMWA Retirees.  Assuming ratification
of the buyer CBA occurs, and the closing of the sale, the UMWA and
buyer have engaged in negotiations with respect to an initial
collective bargaining agreement.

On Feb. 4, 2016, the UMWA and the buyer executed an agreement (the
'Buyer CBA'), subject to ratification by the UMWA Employees and the
closing of the sale. The ratification vote with respect to the
Buyer CBA is scheduled for Feb. 16, 2016.  Assuming that the Buyer
CBA is ratified, the UMWA will withdraw all of the appeals filed by
the UMWA, subject to the closing of the sale.  The Buyer CBA
contemplates the formation and funding of the Walter Retirees' VEBA
for the benefit of eligible UMWA Retirees."  The parties also filed
a separate motion seeking an expedited Feb. 17, 2016 hearing to
consider the VEBA motion.

                      About Walter Energy

Walter Energy -- http://www.walterenergy.com/-- is a publicly   
traded "pure-play" metallurgical coal producer for the global
steel industry with strategic access to steel producers in Europe,
Asia
and South America.  The Company also produces thermal coal,
anthracite, metallurgical coke and coal bed methane gas.  Walter
Energy employs approximately 2,700 employees, with operations in
the United States, Canada and the United Kingdom.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $471 million following a net loss of $359 million in 2013.  

Walter Energy, Inc., and its affiliates sought Chapter 11
protection (Bankr. N.D. Ala. Lead Case No. 15-02741) in
Birmingham, Alabama on July 15, 2015, after signing a restructuring
support
agreement with first-lien lenders.

Walter Energy disclosed total assets of $5.2 billion and total
debt of $5 billion as of March 31, 2015.

The Debtors tapped Paul, Weiss, Rifkind, Wharton & Garrison as
counsel; Bradley Arant Boult Cummings LLP, as co-counsel; Ogletree
Deakins LLP, as labor and employment counsel; Maynard, Cooper &
Gale, P.C., as special counsel; Blackstone Advisory Services,
L.P., as investment banker; AlixPartners, LLP, as financial
advisor, and
Kurtzman Carson Consultants LLC, as claims and noticing agent.

The Bankruptcy Administrator for the Northern District of Alabama
appointed an Official Committee of Unsecured Creditors and an
Official Committee of Retirees.  The Creditors Committee tapped
Morrison & Foerster LLP and Christian & Small LLP as attorneys.
The Retiree Committee retained Adams & Reese LLP and Jenner &
Block
LLP as attorneys.

The informal group of certain unaffiliated First Lien Lenders and
First Lien Noteholders (the "Steering Committee") retained Akin,
Gump, Strauss, Hauer and Feld LLP as legal advisor, and Lazard
Freres & Co. LLC as financial advisor.


WARREN RESOURCES: Warns of Possible Bankruptcy If Deal Fails
------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that Denver-based
oil and gas producer Warren Resources said on Feb. 9, 2016, that it
will file for bankruptcy if it can't strike an out-of-court
restructuring deal with creditors that hold approximately $453
million in outstanding debt, saying it will need financial
concessions in order to survive a weak energy market.

In light of the company's financial difficulties, Warren said it
will not expand drilling operations in the next year and estimates
that its overall gas production will decline by approximately 20
percent for 2016.

In a separate report, Amrutha Gayathri at Reuters said that Warren,
which on Feb. 9, 2016, also cut its 2016 revenue and production
forecasts, had deferred a $7.5 million semi-annual interest payment
that was due on Feb. 1 to reach a deal with its creditors.

The company has a 30-day grace period for negotiations with
noteholders, since deferring interest payment on Feb. 1.

Several oil producers, whose cash flows have been squeezed by a
70 percent fall in oil prices since June 2014, are in talks with
creditors to defer payments and improve liquidity.

"These are very difficult times for Warren and its industry peers,"
Chief Executive James Watt said in a statement, adding that the
company needed further concessions from debt holders and vendors to
survive a prolonged downturn in oil prices.

Warren, which has tapped Jefferies LLC to help with a potential
restructuring, forecast total revenue to fall 31.7 percent to $61.1
million in 2016, from a year earlier.

The company said it expects oil production to fall about
18 percent and natural gas production to decline about 20 percent
this year.

Warren's first lien creditors held $235 million in principal,
second lien creditors $51 million and investors $167 million in
unsecured senior notes, as of Dec. 31.

The company had $26.8 million in cash at the end of 2015, Warren
said on Feb. 9.

                           *     *     *

As reported in the Troubled Company Reporter on Feb. 3, 2016,
Standard & Poor's Ratings Services lowered its corporate credit on
oil and gas exploration and production company Warren Resources
Inc. to 'D' from 'SD' (selective default).  The issue-level rating
on the company's unsecured debt remains 'D'.  The recovery rating
remains '6', indicating S&P's expectation of negligible (0%-10%)
recovery in the event of a payment default.

The 'D' ratings reflect Warren Resources Inc.'s announcement that
it has missed a $7.5 million interest payment on its outstanding
$300 million 9% notes ($167 million outstanding) due 2022, and
S&P's belief that the company will not make this payment before the
30-day grace period ends.  S&P believes that the default will be a
general default and the company will fail to pay all or
substantially all of its obligations as they come due.


WORLD MARKETING: AFS Wants Associated Bank to Disgorge $600,000
---------------------------------------------------------------
Associated Bank, National Association, was the target of a
complaint filed January 11, 2016, in the United States Bankruptcy
Court for the Northern District of Illinois, Eastern Division, in
connection with the In re: World Marketing Chicago, LLC, et al
Chapter 11 bankruptcy proceeding, the bank's holding company,
Associated Banc-Corp, disclosed in its Form 10-K Report filed with
the Securities and Exchange Commission on February 5, 2016, for the
fiscal year ended December 31, 2015.

In the complaint, American Funds Service Company v. Associated
Bank, N.A., the plaintiff alleges that approximately $600,000 of
funds it had advanced to the World Marketing entities to apply
towards future postage fees was swept by the Bank from World
Marketing's bank accounts. Plaintiff seeks the return of such funds
from the Bank under several theories, including Sec. 541(d) of the
Bankruptcy Code, the creation of a resulting trust, and unjust
enrichment.

The Bank intends to vigorously defend this lawsuit. It is not
possible for management to assess the probability of a material
adverse outcome or reasonably estimate the amount of any potential
loss at this time with respect to these two lawsuits.

Headquartered in Milwaukee, Wisconsin, World Marketing Chicago,
LLC, offers marketing consulting and mailing services.  World
Marketing Chicago, LLC (Bankr. N.D. Ill. Case No. 15-32968), and
affiliates World Marketing Atlanta, LLC (Bankr. N.D. Ill. Case No.
15-32975) and World Marketing Dallas, LLC (Bankr. N.D. Ill. Case
No. 15-32977) filed for Chapter 11 bankruptcy protection on Sept.
28, 2015, each estimating their assets and liabilities at between
$1 million and $10 million.  The petitions were signed by Robert W.
Kraft, the authorized individual.

The cases are jointly administered.  Judge Timothy A. Barnes
presides over the cases.

Jeffrey C Dan, Esq., at Crane Heyman Simon Wlch & Clar serves as
the Debtors' bankruptcy counsel.

The Official Committee of Unsecured Creditors appointed in the case
are represented by:

     Elizabeth Vandesteeg, Esq.
     Aaron L. Hammer, Esq.
     Sugar Felsenthal Grais & Hammer LLP
     30 N. LaSalle Street, Suite 3000
     Chicago, IL USA 60602
     Tel: (312) 704-2193
     E-mail: evandesteeg@sugarfgh.com
             ahammer@sugarfgh.com

AEG Partners LLC serves as the Committee's financial advisor.


WORLD MARKETING: Creditors Sue Associated Bank to Avoid Collateral
------------------------------------------------------------------
Associated Bank, National Association, was the target of a
complaint filed January 11, 2016, in the United States Bankruptcy
Court for the Northern District of Illinois, Eastern Division, in
connection with the In re: World Marketing Chicago, LLC, et al
Chapter 11 bankruptcy proceeding, the bank's holding company,
Associated Banc-Corp, disclosed in its Form 10-K Report filed with
the Securities and Exchange Commission on February 5, 2016, for the
fiscal year ended December 31, 2015.

In the complaint, The Official Committee of Unsecured Creditors of
World Marketing Chicago, LLC, et al v. Associated Bank, N.A., the
plaintiff seeks to avoid guarantees and pledges of collateral given
by the debtors to secure a revolving financing commitment of $6
million to the debtors' parent company from the Bank. The plaintiff
alleges a variety of legal theories under federal and state law,
including fraudulent conveyance, preferential transfer and
conversion, in support of its position. The plaintiff seeks return
of approximately $4 million paid to the Bank and the avoidance of
the security interest in the collateral securing the remaining
approximately $1 million of indebtedness to the Bank.

The Bank intends to vigorously defend this lawsuit.

Headquartered in Milwaukee, Wisconsin, World Marketing Chicago,
LLC, offers marketing consulting and mailing services.  World
Marketing Chicago, LLC (Bankr. N.D. Ill. Case No. 15-32968), and
affiliates World Marketing Atlanta, LLC (Bankr. N.D. Ill. Case No.
15-32975) and World Marketing Dallas, LLC (Bankr. N.D. Ill. Case
No. 15-32977) filed for Chapter 11 bankruptcy protection on Sept.
28, 2015, each estimating their assets and liabilities at between
$1 million and $10 million.  The petitions were signed by Robert W.
Kraft, the authorized individual.

The cases are jointly administered.  Judge Timothy A. Barnes
presides over the cases.

Jeffrey C Dan, Esq., at Crane Heyman Simon Wlch & Clar serves as
the Debtors' bankruptcy counsel.

The Official Committee of Unsecured Creditors appointed in the case
are represented by Elizabeth Vandesteeg, Esq., and Aaron L. Hammer,
Esq., at Sugar Felsenthal Grais & Hammer LLP as counsel.  AEG
Partners LLC serves as the Committee's financial advisor.


ZUCKER GOLDBERG: Committee's Challenge Period Expires Feb. 26
-------------------------------------------------------------
The Official Committee of Unsecured Creditors sought and obtained
entry of a consent order extending until Feb. 26, 2016, its
deadline to commence an adversary proceeding to challenge the
amount, validity and enforceability of liens granted by Zucker,
Goldberg & Ackerman, LLC, to J.P. Morgan Chase Bank, N.A.

On Sept. 11, 2015, the Court entered a final order authorizing the
Debtor to use cash collateral.  The Order provided for a period of
60 days for the Creditors Committee to commence an adversary
proceeding to challenge the obligations and liens incurred and
granted by the Debtor to Chase.

The Court granted a Nov. 10 motion by the Committee to extend that
challenge period, pushing back the panel's deadline to Jan. 12.
The Court later entered a consent order extending the challenge
period to Feb. 5.

The Committee and Chase agreed to enter into the latest consent
order.

In seeking the extension, the Committee said it served a Rule 2004
subpoena on the Debtor on or about Sept. 14, 2015.  On Oct. 22,
2015, the Debtor responded to the subpoena producing approximately
12,545 pages of documents.  Certain categories of documents have
not been produced to date, which are relevant in determining
whether the Committee should challenge the Debtor's stipulations in
the cash collateral order.  It added that the documents that have
been produced by the Debtor to date raise a number of issues
concerning the Chase Loan that will need to be addressed through
further discovery.

                          ServiceLink

Another party-in-interest, ServiceLink NLS LLC, also seeks an
extension of the challenge period termination date.  Chase filed an
objection to the motion but later agreed to drop the objection
after negotiating terms of the extension order with ServiceLink.
The stipulation and order signed by the judge provided that the
challenge date will be extended to give ServiceLink 60 days --
until Dec. 17, 2015 -- to object to whether the Chase Security
Interest covers the proceeds of fees collected by the Debtor for
services rendered by ServiceLink to the Debtor.  ServiceLink later
informed the Debtor in a Dec. 17 letter that it has no objection to
the validity, perfection and priority of Chase's security interest
provided that, ServiceLink preserves its right to:

   1. The validity, perfection and priority of Chase's security
      interest in deposit accounts as original collateral; and

   2. Whether the Chase security interest covers the proceds of
      fees collected by the Debtor for services rendered by
      ServiceLink to the Debtor and billed by the Debtor to its
      clients.

Counsel to ServiceLink:

         John Harmon, Esq.
         Jonathan I Rabinowitz, Esq.
         RABINOWITZ, LUBETKIN & TULLY, L.L.C.
         239 Eisenhower Parkway, Suite 100
         Livingston, NJ 07039
         Tel: (973) 597-9100
         Fax: (973) 597-9119
         E-mail: jharmon@rltlawfirm.com
                 jrabinowitz@rltlawfirm.com

                 - and -

         David W. Ross, Esq.
         Erica L. Koehl, Esq.
         BABST, CALLAND, CLEMENTS & ZOMNIR, P.C.
         Two Gateway Center
         Pittsburgh, PA 15222
         Tel: (412) 394-6558
         Fax: (412) 773-8746
         E-mail: dross@babstcalland.com
                 ekoehl@babstcalland.com

                       About Zucker Goldberg

Formed in 1923 as Zucker & Goldberg, the law firm Zucker, Goldberg
& Ackerman, LLC, was primarily engaged in the representation of
lenders and secured parties in foreclosure matters, insolvency
proceedings and related matters.  The sole members of ZGA are
Michael S. Ackerman, Esq. and Joel Ackerman, Esq. Michael S.
Ackerman is the managing member of the firm.  ZGA's primary offices
are in Mountainside, New Jersey.

Zucker, Goldberg & Ackerman, LLC, sought Chapter 11 protection
(Bankr. D.N.J. Case No. 15-24585) in Newark, New Jersey, on
Aug. 3, 2015, to complete the orderly liquidation of the business.

The case is assigned to Judge Christine M. Gravelle.

The Debtor disclosed total assets of $11.5 million and total
liabilities of $53.3 million as of June 30, 2015.

ZGA tapped Wasserman, Jurista & Stolz, P.C. as bankruptcy counsel;
Brown, Moskowitz & Kallen, P.C., as special litigation counsel;
Genova Burns as labor counsel; and BMC Group, Inc., as noticing
and balloting agent.

On Aug. 17, 2015, an Official Committee of Unsecured Creditors was
appointed by the Office of the United States Trustee.  The
Committee on Oct. 15, 2015, won approval to retain McCarter &
English, LLP to serve as Committee counsel, effective as August 14,
2015.


ZUCKER GOLDBERG: Plan Exclusivity Extended to April 18
------------------------------------------------------
U.S. Bankruptcy Judge Christine M. Gravelle entered an order
extending Zucker, Goldberg & Ackerman, LLC's exclusive period to
seek confirmation of its Chapter 11 plan through and including
April 18, 2016.

Zucker Goldberg filed the extension request on Jan. 13, 2016.  It
seeks to push the exclusive period back through March 18, 2016.

The Debtor on Dec. 1, 2015, filed its Plan and Disclosure Statement
with the Court.  In its extension motion, the Debtor said it is in
the process of amending the Disclosure Statement due to objections
filed, and to alter the treatment of JPMorgan Chase, the Debtor's
sole secured creditor.

The Official Committee of Unsecured Creditors objected to the
extension request.  The panel said the Debtor has not demonstrated
cause to extend exclusivity for a number of reasons.  The Committee
said, among other things, that the current disclosure statement
provides little to no information on certain critical issues and
the Debtor seems unwilling to address the disclosure deficiencies
identified by the Committee in its Objection.

"Notwithstanding this, because the disclosure statement and plan
confirmation process will be placed in suspense pending the
examiner's investigation and report, the Committee does not object
at this time to the maintenance of the status quo.  However, the
Committee expressly requests that the Court consider the
termination of the Debtor's exclusivity at such time when the
Debtor's Amended Disclosure Statement (or any amended version
thereof) is scheduled for consideration of approval," the Committee
stated.

Daniel M. Stolz, Esq., at Wasserman, Jurista & Stolz, P.C., counsel
to the Debtor, noted that during the chamber's conference and Court
Hearing held on January 15, it was agreed by all parties that the
status quo would be preserved pending the appointment of an
Examiner, the issuance of a report by the Examiner and an
opportunity for the Committee and Debtor to negotiate modifications
of the Debtor's Plan to address the findings in the Examiner's
Report.  That status quo was to include an extension of the
Debtor's Exclusive Period for Confirming the Plan of Reorganization
filed in this matter.

Following a hearing on Jan. 29, 2016, the judge on Feb. 1, entered
an order extending the Debtor's exclusivity to April 18.

                       About Zucker Goldberg

Formed in 1923 as Zucker & Goldberg, the law firm Zucker, Goldberg
& Ackerman, LLC, was primarily engaged in the representation of
lenders and secured parties in foreclosure matters, insolvency
proceedings and related matters.  The sole members of ZGA are
Michael S. Ackerman, Esq. and Joel Ackerman, Esq. Michael S.
Ackerman is the managing member of the firm.  ZGA's primary offices
are in Mountainside, New Jersey.

Zucker, Goldberg & Ackerman, LLC, sought Chapter 11 protection
(Bankr. D.N.J. Case No. 15-24585) in Newark, New Jersey, on
Aug. 3, 2015, to complete the orderly liquidation of the business.

The case is assigned to Judge Christine M. Gravelle.

The Debtor disclosed total assets of $11.5 million and total
liabilities of $53.3 million as of June 30, 2015.

ZGA tapped Wasserman, Jurista & Stolz, P.C. as bankruptcy counsel;
Brown, Moskowitz & Kallen, P.C., as special litigation counsel;
Genova Burns as labor counsel; and BMC Group, Inc., as noticing
and balloting agent.

On Aug. 17, 2015, an Official Committee of Unsecured Creditors was
appointed by the Office of the United States Trustee.  The
Committee on Oct. 15, 2015, won approval to retain McCarter &
English, LLP to serve as Committee counsel, effective as August 14,
2015.


ZUCKER GOLDBERG: Plan Put on Hold After Examiner Named
------------------------------------------------------
The law firm Zucker, Goldberg & Ackerman, LLC, in December filed a
"Plan of Orderly Liquidation" which provides for:

     1. the wind down of the firm's business,

     2. the collection of its accounts receivable and liquidation
        of its other assets,

     3. pursuit of any claims or causes of action held by the
        Debtor, and

     4. distribution of the proceeds of these activities to
        creditors.

A hearing on the Disclosure Statement was scheduled Jan. 15, 2016.

Several parties filed objections ahead of the hearing.  AMC
Settlement Services, LLC, said the Disclosure Statement does not
contain adequate information as there is too uncertainty with
respect to recovery of the Debtor's accounts receivable and
avoidance actions.  DGR Subpoena & Messenger Service, Inc. d/b/a
DGR - THE Source For Legal Support said the Disclosure Statement
needs to be amended to reflect a trust claim that may arise for
services DGR provided.  The Official Committee of Unsecured
Creditors complained of numerous omissions in the Disclosure
Statement and said the Disclosure Statement is describing an
unconfirmable plan.

"Separate and apart from the glaring lack of anything even
approaching adequate information upon which creditors could tender
or recommend an informed vote, the Disclosure Statement may not be
approved because it describes a fatally defective Plan.  The Plan
clearly violates applicable provisions of the Bankruptcy Code
relating to confirmation in at least two material respects: (i) it
sets up an impermissible classification scheme and all claims are
designated as unsecured claims without regard to whether the claim
is a subordinated claim of an insider or whether it is covered by
insurance (subject to a deductible); and (ii) impermissibly
designates class 4 (equity interests) as a voting class in spite of
the potential that this estate may be administratively insolvent,"
the Committee said.

The Debtor on Jan. 14, 2015 submitted an Amended Disclosure
Statement.

Daniel M. Stolz, Esq., at Wasserman, Jurista & Stolz, P.C., counsel
to the Debtor, noted that during the chamber's conference and Court
Hearing held on January 15, it was agreed by all parties that the
status quo would be preserved pending the appointment of an
Examiner, the issuance of a report by the Examiner and an
opportunity for the Committee and Debtor to negotiate modifications
of the Debtor's Plan to address the findings in the Examiner's
Report.  That status quo was to include an extension of the
Debtor's Exclusive Period for Confirming the Plan of Reorganization
filed in this matter.

                      Terms of the Plan

The Debtor filed its Plan of Orderly Liquidation and Disclosure
Statement on Dec. 1, 2015.  A copy of the First Amended Disclosure
Statement filed Jan. 14, 2016, is available for free at:

     http://bankrupt.com/misc/Zucker_G_353_Am_DS.pdf

The Debtor believes that administrative claims and holders of
priority claims (Class 1) will be paid in full under the Plan.

The secured claim of J.P. Morgan Chase (Class 2) as of the Petition
Date was in the approximate amount of $2.8 million.  During the
course of the within Chapter 11 proceeding, the indebtedness to
Chase has been substantially reduced to $500,000.  In the Original
Disclosure Statement, the Debtor said that it expects to the
secured claim of Chase to be paid in full.  However, in the Amended
Disclosure Statement, the Debtor said that because of nonpayment by
the Debtor's clients and other factors, it appears unlikely that
the indebtedness due to Chase will be satisfied in full on or
before the Effective Date.

Unsecured creditors (Class 3) will receive a pro rata distribution
of the net funds available after all assets have been liquidated
and all secured, administrative and priority claims have been paid
in full.  Unfortunately, because Debtor anticipates that clients
owing accounts receivable will contest their obligation to pay such
account receivable, the funds that will be available for
distribution is uncertain at the present time.  The Debtor's
Schedules of Assets and Liabilities listed unsecured claims in
excess of $20 million against the within Bankruptcy Estate.
Creditors are in the process of filing Proofs of Claim against the
within Bankruptcy Estate.

Holders of equity interests (Class 4) will receive no distributions
under the Plan.

Counsel to the Debtor:

         Daniel M. Stolz, ESQ.
         Steven Z. Jurista, Esq.
         Leonard C. Walczyk, Esq.
         Scott S. Rever, Esq.
         Donald W. Clarke, ESQ.
         WASSERMAN, JURISTA & STOLZ, P.C.
         110 Allen Road, Suite 304
         Basking Ridge, NJ 07920
         Tel: (973) 467-2700
         Fax: (973) 467-8126

Counsel for JPMorgan Chase Bank, N.A.:

         William S. Katchen, Esq.
         LAW OFFICES OF WILLIAM S. KATCHEN, L.L.C.
         210 Park Avenue, Suite 301
         Florham Park, NJ 07932
         Tel: (973) 635-6300
         Fax: (973) 635-6363
         E-mail: wkatchen@wskatchen.com

Counsel to the Official Committee of Unsecured Creditors:

         David J. Adler, Esq.
         Matthew B. Heimann, Esq.
         McCARTER & ENGLISH, LLP
         Four Gateway Center
         100 Mulberry Street
         Newark, NJ 07102
         Telephone: (973) 622-4444
         Facsimile: (973) 624-7070
         E-mail: dadler@mccarter.com
                 mheimann@mccarter.com

Proposed Special Counsel to the Official Committee of Unsecured
Creditors:

         Eduardo J. Glas, Esq.
         TSEITLIN & GLAS, P.C.
         345 Seventh Avenue, 21st Floor
         New York, NY 10001
         Tel: (212) 944-7434
         E-mail: ejglas@gmail.com

Attorneys for AMC Settlement Services, LLC:

         Steven M. Richman, Esq.
         Jonathan W. Hugg, Esq.
         William C. Price, Esq.
         Elizabeth L. Slaby, Esq.
         CLARK HILL PLC
         502 Carnegie Center, Suite 103
         Princeton, NJ 08540
         Tel: (609) 785-2911
         Fax: (609) 785-2971
         E-mail: srichman@clarkhill.com
                 jhugg@clarkhill.com
                 wprice@clarkhill.com
                 bslaby@clarkhill.com

Attorneys for DGR Subpoena & Messenger Service, Inc. d/b/a DGR –
THE Source for Legal Support:

         Todd M. Galante, Esq.
         LECLAIRRYAN
         One Riverfront Plaza, 16th Floor
         1037 Raymond Boulevard
         Newark, NJ 07102
         Telephone: (973) 491-3364
         Facsimile: (973) 491-3481
         E-mail: todd.galante@leclairryan.com

                       About Zucker Goldberg

Formed in 1923 as Zucker & Goldberg, the law firm Zucker, Goldberg
& Ackerman, LLC, was primarily engaged in the representation of
lenders and secured parties in foreclosure matters, insolvency
proceedings and related matters.  The sole members of ZGA are
Michael S. Ackerman, Esq. and Joel Ackerman, Esq. Michael S.
Ackerman is the managing member of the firm.  ZGA's primary offices
are in Mountainside, New Jersey.

Zucker, Goldberg & Ackerman, LLC, sought Chapter 11 protection
(Bankr. D.N.J. Case No. 15-24585) in Newark, New Jersey, on
Aug. 3, 2015, to complete the orderly liquidation of the business.

The case is assigned to Judge Christine M. Gravelle.

The Debtor disclosed total assets of $11.5 million and total
liabilities of $53.3 million as of June 30, 2015.

ZGA tapped Wasserman, Jurista & Stolz, P.C. as bankruptcy counsel;
Brown, Moskowitz & Kallen, P.C., as special litigation counsel;
Genova Burns as labor counsel; and BMC Group, Inc., as noticing
and balloting agent.

On Aug. 17, 2015, an Official Committee of Unsecured Creditors was
appointed by the Office of the United States Trustee.  The
Committee on Oct. 15, 2015, won approval to retain McCarter &
English, LLP to serve as Committee counsel, effective as Aug. 14,
2015.


[*] Baker Donelson Evades Hedge Funds' Legal Fee Fraud Suit
-----------------------------------------------------------
Dani Meyer at Bankruptcy Law360 reported that an Illinois federal
court found on Feb. 5, 2016, that it can't hear two hedge funds'
suit accusing Baker Donelson Bearman Caldwell & Berkowitz PC of
doctoring a loan agreement for a bankrupt energy company because
there isn't any evidence the funds suffered an injury in Illinois.

Applying the Seventh Circuit's "express aiming" test to establish
whether a party's actions were sufficiently directed at the forum
state to exercise jurisdiction, the Court found that the plaintiffs
didn't adequately show that Baker Donelson knew that its alleged
actions preventing the funds from collecting on their loan would
extend to Illinois.

The plaintiffs are represented by Blake T. Hannafan and James A.
Mcguinness of Hannafan & Hannafan Ltd.

Baker Donelson is represented by John R. Storino of Jenner & Block
LLP.

The case is Pentwater Equity Opportunities Master Fund Ltd. et al.
v. Baker Donelson Bearman Caldwell & Berkowitz PC, case number
1:15-cv-01885, in the U.S. District Court for the Northern District
of Illinois.


[*] Justice Department Reaches $470MM Settlement with HSBC
----------------------------------------------------------
The Justice Department, the Department of Housing and Urban
Development (HUD) and the Consumer Financial Protection Bureau,
along with 49 state attorneys general and the District of
Columbia's attorney general, have reached a $470 million agreement
with HSBC Bank USA NA and its affiliates to address mortgage
origination, servicing and foreclosure abuses.

"This agreement is the result of a coordinated effort between
federal and state partners to hold HSBC accountable for abusive
mortgage practices," said Acting Associate Attorney General Stuart
F. Delery.  "This agreement provides for $370 million in creditable
consumer relief to benefit homeowners across the country and
requires HSBC to reform their servicing standards.  The Department
of Justice remains committed to rooting out financial fraud and
holding bad actors accountable for their actions."  

"This settlement illustrates the department's continuing commitment
to ensure responsible mortgage servicing," said Principal Deputy
Assistant Attorney General Benjamin C. Mizer, head of the Justice
Department's Civil Division.  "The agreement is part of our ongoing
effort to address root causes of the financial crisis."

The settlement reflects a continuation of enforcement actions by
the department and its federal and state enforcement partners to
hold financial institutions accountable for abusive mortgage
practices.  The settlement parallels the $25 billion National
Mortgage Settlement (NMS) reached in February 2012 between the
federal government, 49 state attorneys general and the District of
Columbia's attorney general and the five largest national mortgage
servicers, well as the $968 million settlement reached in June 2014
between those same federal and state partners and SunTrust Mortgage
Inc.  This settlement with HSBC is the result of negotiations that,
as has been reported in HSBC Holdings plc's Annual Report and
Accounts, began following the announcement of the NMS.

Under the agreement, HSBC has agreed to provide more than $470
million in relief to consumers and payments to federal and state
parties, and to be bound to mortgage servicing standards and be
subject to independent monitoring of its compliance with the
agreement.  More specifically, the settlement provides that:

HSBC will pay $100 million: $40.5 million to be paid to the
settling federal parties; $59.3 million to be paid into an escrow
fund administered by the states to make payments to borrowers who
lost their homes to foreclosure between 2008 and 2012; and $200,000
to be paid into an escrow fund to reimburse the state attorneys
general for investigation costs.

By July 2016, HSBC will complete $370 million in creditable
consumer relief directly to borrowers and homeowners in the form of
reducing the principal on mortgages for borrowers who are at risk
of default, reducing mortgage interest rates, forgiving forbearance
and other forms of relief.  The relief to homeowners has been
underway and will likely provide more than $370 million in direct
benefits to borrowers because HSBC will not be permitted to claim
credit for every dollar spent on the required consumer relief.

HSBC will be required to implement standards for the servicing of
mortgage loans, the handling of foreclosures and for ensuring the
accuracy of information provided in federal bankruptcy court.
These standards are designed to prevent foreclosure abuses of the
past, such as robo-signing, improper documentation and lost
paperwork, and create new consumer protections.  The standards
provide for oversight of foreclosure processing, including
third-party vendors, and new requirements to undertake pre-filing
reviews of certain documents filed in bankruptcy court.  The
servicing standards ensure that foreclosure is a last resort by
requiring HSBC to evaluate homeowners for other loss-mitigation
options first.  In addition, the standards restrict HSBC from
foreclosing while the homeowner is being considered for a loan
modification.
The agreement will be filed as a consent judgment in the U.S.
District Court for the District of Columbia.  Compliance with the
agreement will be overseen by an independent monitor, Joseph A.
Smith Jr., who is also the monitor for the NMS and SunTrust
settlement.  Smith has served as the North Carolina Commissioner of
Banks and is also the former chairman of the Conference of State
Banks Supervisors.  Smith will oversee implementation of the
servicing standards required by the agreement, will certify that
HSBC has satisfied its consumer relief obligations and will file
regular public reports that identify any quarter in which HSBC fell
short of the standards imposed in the settlement.  The parties may
seek penalties for non-compliance.

The agreement resolves potential violations of civil law based on
HSBC's deficient mortgage loan origination and servicing
activities.  The agreement does not prevent state and federal
authorities from pursuing criminal enforcement actions related to
this or other conduct by HSBC, or from punishing wrongful
securitization conduct that is the focus of President Barack
Obama's Financial Fraud Enforcement Task Force Residential
Mortgage-Backed Securities Working Group.  State attorneys general
also preserved, among other things, all claims against Mortgage
Electronic Registration Systems.  Additionally, the agreement does
not prevent any action by individual borrowers who wish to bring
their own lawsuits.


[*] Tiger Capital, Liquidity Services Launch Partnership
--------------------------------------------------------
Tiger Capital Group and Liquidity Services on Feb. 16 announced the
launch of a partnership geared toward helping insolvency and
turnaround professionals ramp up their services to the turbulent
oil and gas market, as well as directly assist companies seeking to
sell surplus assets.  As macro trends drive more oil and gas
enterprises into bankruptcy or distress, the partnership -- Tiger
Liquidity Services Energy Partners -- brings together two companies
with substantial capital resources as well as decades of experience
in the valuation and disposition of surplus assets, said Jeff
Tanenbaum, president of Tiger Group's Remarketing Services
division.  "Liquidity Services maintains the world's largest
marketplace for business surplus and is well known for its
expertise in the oil and gas sector," Mr. Tanenbaum noted.  "For
its part, Tiger has 40 years of experience in structuring
liquidation events globally for Fortune 1000 companies, lenders,
insolvency professionals, government agencies and small businesses.
The result is a valuable new resource for the bankruptcy and
turnaround community."

"The partnership is well positioned to help the sector adapt to the
considerable challenges of today," said Daniel Beck, vice president
of global sales for Liquidity Services.

"The mission of this partnership is to provide both the
intelligence and the proven strategies needed to help distressed
companies pay off creditors, remain solvent and even lay the
foundation for future growth," he said.  "Strategic adaptation
could include everything from online auctions of surplus
oil-and-gas assets, to rapid injections of capital, to the turnkey
sale of whole operations."

"Other possible solutions for insolvency professionals working with
distressed oil and gas companies include immediately receiving
capital from the partnership by selling assets outright through a
principal deal, or by marketing the assets on a consignment basis
and offering them for sale via the partnership's proprietary online
auction platforms or negotiated sale," Mr. Beck added.

With more than 80,000 oil and gas transactions completed to date,
Washington, DC-based Liquidity Services markets assets to more than
three million registered buyers in almost 200 countries and
territories.  Network International is the company's online
marketplace for energy-related assets.  "Network International is
known for selling nearly every asset category, including equipment
related to drilling, construction, pipelines, power generation,
oilfield production, refineries, petrochemical units, and much
more," Mr. Beck said.

New York-based Tiger Group annually appraises more than $30 billion
in industrial and consumer product assets.  The company has spent
years honing its insolvency expertise and process-oriented approach
to asset valuation and disposition, Tanenbaum said. "Tiger Group
and Liquidity Services are a perfect fit," he said.  "Together, we
have the marketplaces, the buyers, the historical sales data and
the years of experience needed to help insolvency professionals
seize opportunities in today's challenging oil and gas sector."

                        About Tiger Group

Tiger Capital Group -- http://www.TigerGroup.com-- provides asset
valuation, advisory and disposition services to a broad range of
retail, wholesale, and industrial clients.  Tiger maintains offices
in New York, Los Angeles, Boston, Chicago, Sydney and San
Francisco.

                     About Liquidity Services

Liquidity Services -- http://www.LiquidityServices.com-- is a
global solution provider in the reverse supply chain with the
world's largest marketplace for business surplus.  The company
partners with global Fortune 1000 corporations, middle market
companies, and government agencies to intelligently transform
surplus assets and inventory from a burden into a liquid
opportunity that fuels the achievement of strategic goals.  


                            *********

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.

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