TCR_Public/160323.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, March 23, 2016, Vol. 20, No. 83

                            Headlines

1111 MYRTLE AVENUE: Has Access to Cash Collateral Until Aug. 31
1111 MYRTLE AVENUE: Plan Filing Exclusivity Expires March 29
ABENGOA BIOENERGY: Court Orders Joint Administration of Cases
ABENGOA BIOENERGY: Wins Interim Approval to Get $8-Mil. Loan
AMERICAN HOSPICE: Asks for Approval to Reject 8 Useless Leases

AMERICAN HOSPICE: Case Summary & 20 Largest Unsecured Creditors
AMERICAN HOSPICE: Files for Chapter 11, Seeks Quick Sale
AMERICAN HOSPICE: Hires KCC as Claims and Noticing Agent
AMERICAN HOSPICE: Proposes April 25 Hospice Partners-Led Auction
AMERICAN HOSPICE: Requests Joint Administration of Cases

AMERICAN HOSPICE: Says Patient Care Ombudsman Unnecessary
AMERICAN HOSPICE: Secures Commitment for $500,000 DIP Financing
AMERICAN HOSPICE: Seeks to Dispose of Patient Records
AMERICAN HOSPICE: Wants to Pay $300,000 Critical Vendor Claims
ARCH COAL: Creditors' Panel Hires Spencer Fane as Local Counsel

ARCH COAL: Jefferies Tapped as Creditors' Panel Investment Banker
ARCH COAL: Schedules $1.27B in Assets, $5.27B in Debts
ARCH COAL: Stites & Harbison Files Rule 2019 Statement
ARCHDIOCESE OF ST. PAUL: March 24 Hearing on Bid to Hire Deloitte
AXION INTERNATIONAL: Proposes April 29 General Claims Bar Date

AXION INTERNATIONAL: Wants April 22 Administrative Claims Bar Date
BIRMINGHAM COAL: Allowed to Use Cash Collateral Until May 7
BLUE EARTH: Case Summary & 20 Largest Unsecured Creditors
BUFFETS LLC: Meeting of Creditors on April 11
CAPITOL LAKES: Sets April 1 General Claims Bar Date

CENTERPOINT ENERGY: Fitch Affirms 'BB+' Jr. Sub Debentures Rating
CENTRAL BEEF: Case Summary & 20 Largest Unsecured Creditors
CLARKE REAL ESTATE: Court Dismisses Chapter 11 Case
D.J. SIMMONS: Court Approves Joint Administration of Cases
D.J. SIMMONS: Hires Lindquist & Vennum as Counsel

D.J. SIMMONS: Sec. 341 Meeting Scheduled for April 6
DUCOMMUN INC: S&P Affirms 'B+' CCR Then Withdraws Rating
EDGEWELL PERSONAL: S&P Revises Outlook to Neg. & Affirms 'BB+' CCR
EIDOS LLC: Court Approves Joint Administration Cases
EIDOS LLC: Sec. 341 Meeting Scheduled for April 18

EMERALD OIL: Case Summary & 30 Largest Unsecured Creditors
ESTERLINA VINEYARDS: Owner Hits BOW Over Bid to Sell Bulk Wine
ESTERLINA VINEYARDS: Status Conference on BOW Claims Sought
FEDERAL RESOURCES: Ch. 11 Trustee Taps Durham as Bankruptcy Counsel
FLOUR CITY BAGELS: Sec. 341 Meeting of Creditors Set for April 7

FOREST PARK FORT WORTH: Vibrant Objects to Forshey Employment
FRONTIER STAR: Chapter 11 Trustee Taps Bryan Cave as Counsel
FRONTIER STAR: Western Alliance Bank Objects to Proposed Sale
GENUTEC BUSINESS: Seeks Court Order to Close Case
GEO GROUP: S&P Affirms 'BB-' CCR, Outlook Stable

GLOBAL ARENA: May 20 Set as Customer Claims Bar Date
GLOBAL ARENA: Meeting of Creditors Set for April 22
GRIZZLY LAND: Sec. 341 Meeting of Creditors Slated for April 7
HEARTLAND FARMS: Case Summary & 20 Largest Unsecured Creditors
HORSEHEAD HOLDING: Meeting of Creditors on March 25

ICONIX BRAND: Receives NASDAQ Deficiency Notice on Late Filing
INTERNATIONAL AUTOMOTIVE: S&P Affirms 'B' CCR, Outlook Negative
JAMES F. HUMPHREYS: Can Employ Bowles Rice as Local Counsel
JETBLUE AIRWAYS: Fitch Hikes Ratings to 'BB-'
JUMIO INC: Files for Ch. 11 to Sell to Facebook Co-Founder for $23M

JUMIO INC: Has $3.7M Delayed-Draw Term Loan From Saverin
JUMIO INC: Hires Rust/Omni as Claims and Noticing Agent
JUMIO INC: Hires Wilmer Cutler as Special Corporate Counsel
JUMIO INC: Taps Landis Rath as Bankruptcy Counsel
KINGOLD JEWELRY: Regains NASDAQ Listing Rule Compliance

KINROSS GOLD: Moody's Confirms 'Ba1' Corporate Family Rating
LANDESK GROUP: AppSense Acquisition No Impact on Moody's B2 CFR
LANDMARK HOSPITALITY: Case Summary & 16 Top Unsecured Creditors
LIBERTY ASSET: Case Summary & 20 Largest Unsecured Creditors
LOUISIANA PELLETS: Meeting of Creditors on April 6

MDC PARTNERS: Moody's Rates New $800MM 8-Yr. Unsecured Note 'B3'
METROPOLITAN AUTOMOTIVE: Court Sets May 27 General Claims Bar Date
MILLER AUTO PARTS: Gets Court Approval to Settle Cummins Claims
MILLER AUTO PARTS: March 24 Hearing on GM Claims Settlement
MILLER AUTO PARTS: March 24 Hearing on Goodman Claims Settlement

MOLYCORP INC: Seeks to Surcharge Mountain Pass Costs to Collateral
MONITRONICS: Moody's Cuts CFR to B3 & $1.25BB Bank Debt to B1
NEVADA REGIONAL: S&P Raises Rating to 'B', Outlook Stable
NEWSTARCOM HOLDINGS: Matco Units Win Summary Judgment
OW BUNKER: Court Stays Aegean Marine Petroleum Suit

PACIFIC EXPLORATION: Enters Into Forbearance Agreements
PACIFIC RECYCLING: GE Govt Seeks 'Adequate Protection' Payment
PALMAZ SCIENTIFIC: Meeting of Creditors on April 4
PARAGON OFFSHORE: Taps Kurtzman Carson as Administrative Advisor
PARAGON OFFSHORE: Taps Lazard Freres as Investment Banker

PEABODY ENERGY: S&P Lowers CCR to 'D' on Gen. Default Expectations
PERFORMANCE SPORTS: Moody's Cuts CFR to B3 After Earnings Release
PHIBRO ANIMAL: S&P Affirms 'B+' CCR & Revises Outlook to Stable
PRA HEALTH: Moody's Hikes Corporate Family Rating to 'B1'
PROGRESSIVE PLUMBING: Evergreen's Bid to Withdraw Reference Denied

RCS CAPITAL: Court Sets March 31 General Claims Bar Date
RYCKMAN CREEK: Court Sets Claims Bar Dates
SABINE OIL: March 24 Hearing on Committee's Bid to Pursue Claims
SAEXPLORATION HOLDINGS: Moody's Cuts CFR to Caa2, Outlook Negative
SHERWIN ALUMINA: Committee Objects to Proposed Cash Use

SOUTHCROSS HOLDINGS: S&P Lowers CCR to 'CC', Outlook Negative
SURGERY CENTER: S&P Assigns 'CCC+' Rating on New $400MM Notes
TAR HEEL OIL: Bankruptcy Administrator Unable to Appoint Committee
TATOES LLC: Case Summary & 20 Largest Unsecured Creditors
TENET HEALTHCARE: Fitch Affirms 'B' IDR, Outlook Revised to Stable

TRANSITION THERAPEUTICS: Gets NASDAQ Listing Non-Compliance Notice
VICTORY MEDICAL: Gets Court Approval for IberiaBank Deal
WPACES: S&P Affirms 'BB+' Rating on $7.45MM Series 2011 Bonds
[*] Moody's Takes Action on Prime Jumbo RMBS Issued 2003- 2004
[*] Moody's: Refinancing Risk is Increasing for B3-Rated Retailers


                            *********

1111 MYRTLE AVENUE: Has Access to Cash Collateral Until Aug. 31
---------------------------------------------------------------
Judge Shelley C. Chapman signed off on a stipulation between 1111
Myrtle Avenue Group LLC, and United International Bank, which
stipulation authorizes the Debtor to use cash collateral until the
earlier of a termination event or Aug. 31, 2016 -- which is the
one-year anniversary of the Petition Date. As adequate protection,
UIB will receive adequate protection liens, superpriority liens,
and payments of all amounts due under the note and mortgage.  A
copy of the stipulation is available for free at:

    http://bankrupt.com/misc/1111_Myrtle_17_Cash_Coll_Stip.pdf

                  About 1111 Myrtle Avenue Group

1111 Myrtle Avenue Group LLC owns a commercial property located at
1103-1111 Myrtle Avenue, Brooklyn, New York.  The property is
leased to two tenants: (a) the United States of America occupies
most of the commercial space as a Social Security office, pursuant
to a lease coming up for renewal, and (b) Eagle 99 Cents Store
Inc., which runs a retail store, occupies the remainder of the
premises.  The Property is subject to a first mortgage lien
securing a loan in the principal amount of $6,283,545 received from
United International Bank ("UIB").

1111 Myrtle Avenue Group LLC filed a Chapter 11 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 15-12454) on Sept. 1, 2015, after Myrtle
Property Holdings LLC backed out of a deal to buy the Debtor's
property.

The petition was signed by Aaron C. Ambalu as manager.  Judge
Shelley C. Chapman is assigned to the case.  

The Debtor disclosed total assets of $29.6 million and total
liabilities of $6.23 million.  The secured creditor is United
International Bank, which is owed $6.18 million on a first
mortgage.

                           *     *     *

The Court entered an order setting a March 7, 2016 claims bar
date.

The Debtor won approval to hire Goldberg Weprin Finkel Goldstein
LLP as counsel.


1111 MYRTLE AVENUE: Plan Filing Exclusivity Expires March 29
------------------------------------------------------------
Judge Shelley C. Chapman in early March entered an order extending
1111 Myrtle Avenue Group LLC's exclusive period to file a plan of
reorganization for an additional 90 days, from Dec. 30, 2015, to
March 29, 2016; and the concomitant exclusive period during which
it may solicit votes on the plan of reorganization, from Feb. 26,
2016 to May 27, 2016.

In seeking an extension, the Debtor narrated that prior to the
Chapter 11 filing, the Debtor entered into a contract on June 20,
2014 to sell its property to Myrtle Property Holdings LLC for a
purchase price of $20.5 million, with a total deposit in the amount
of $7,500,000.  After several delays, the Debtor declared a time of
the essence closing for July 28, 2015.

Even though it was not ready to close, just prior to the scheduling
closing, MP Holding commenced an action in the Supreme Court
seeking, inter alia, specific performance, and filed a notice of
pendency, in an obvious attempt to impede any effort by the Debtor
to sell the Property to a third party.

To avoid the delays attendant to state court litigation, and
expedite a sale of the Property, the Debtor commenced the Chapter
11 case.

Since filing its Chapter 11 petition, the Debtor also commenced an
adversary proceeding to compel release of the deposit of $7,500,000
paid by MP Holdings, and expects to serve discovery shortly.

The Debtor has continued its efforts to market the Property for
sale to a third party, and pursued negotiations with several
prospective purchasers.

Although the Debtor does not expect any creditor to file a
competing plan, out of an abundance of caution, the Debtor sought
to extend exclusivity so as to maintain control of the plan process
and preserve the status quo while the case continues to unfold.

Attorneys for the Debtor:

         GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP
         J. Ted Donovan, Esq.
         1501 Broadway, 22nd Floor
         New York, NY 10036
         Tel: (212) 221-5700

                  About 1111 Myrtle Avenue Group

1111 Myrtle Avenue Group LLC owns a commercial property located at
1103-1111 Myrtle Avenue, Brooklyn, New York.  The property is
leased to two tenants: (a) the United States of America occupies
most of the commercial space as a Social Security office, pursuant
to a lease coming up for renewal, and (b) Eagle 99 Cents Store
Inc., which runs a retail store, occupies the remainder of the
premises.  The Property is subject to a first mortgage lien
securing a loan in the principal amount of $6,283,544.55 received
from United International Bank ("UIB").

1111 Myrtle Avenue Group LLC filed a Chapter 11 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 15-12454) on Sept. 1, 2015, after Myrtle
Property Holdings LLC backed out of a deal to buy the Debtor's
property.

The petition was signed by Aaron C. Ambalu as manager.  Judge
Shelley C. Chapman is assigned to the case.  

The Debtor disclosed total assets of $29.6 million and total
liabilities of $6.23 million.  The secured creditor is United
International Bank, which is owed $6.18 million on a first
mortgage.

                           *     *     *

The Court entered an order setting a March 7, 2016 claims bar
date.

The Debtor won approval to hire Goldberg Weprin Finkel Goldstein
LLP as counsel.


ABENGOA BIOENERGY: Court Orders Joint Administration of Cases
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Missouri
ordered the joint administration of the Chapter 11 cases of Abengoa
Bioenergy US Holding LLC and its five affiliates under Case No.
16-41161.

The five affiliates are Abengoa Bioenergy Company LLC, Abengoa
Bioenergy of Nebraska LLC, Abengoa Bioenergy Engineering &
Construction LLC, Abengoa Bioenergy Trading US LLC, and
Abengoa Bioenergy Outsourcing LLC.

The bankruptcy cases will be jointly administered for procedural
purposes only, according to the bankruptcy court's order.

                      About Abengoa Bionergy

Abengoa Bioenergy is a collection of indirect subsidiaries of
Abengoa S.A. ("Abengoa"), a Spanish company founded in 1941. The
global headquarters of Abengoa Bioenergy is in Chesterfield,
Missouri.  With a total investment of $3.3 billion, the United
States has become Abengoa S.A.'s largest market in terms of sales
volume, particularly from developing solar, bioethanol, and water
projects.

Spanish energy giant Abengoa S.A. is an engineering and clean
technology company with operations in more than 50 countries
worldwide that provides innovative solutions for a diverse range of
customers in the energy and environmental sectors.  Abengoa is one
of the world's top builders of power lines transporting energy
across Latin America and a top engineering and construction
business, making massive renewable-energy power plants worldwide.

On Nov. 25, 2015, in Spain, Abengoa S.A. announced its intention to
seek protection under Article 5bis of Spanish insolvency law, a
pre-insolvency statute that permits a company to enter into
negotiations with certain creditors for restricting of its
financial affairs.  The Spanish company is facing a March 28, 2016,
deadline to agree on a viability plan or restructuring plan with
its banks and bondholders, without which it could be forced to
declare bankruptcy.

Gavilon Grain, LLC, et al., on Feb. 1, 2016, filed an involuntary
Chapter 7 petition for Abengoa Bioenergy of Nebraska, LLC ("ABNE")
and on Feb. 11, 2016, filed an involuntary Chapter 7 petition for
Abengoa Bioenergy Company, LLC ("ABC").  ABC's involuntary Chapter
7 case is Bankr. D. Kan. Case No. 16-20178.  ABNE's involuntary
case is Bankr. D. Neb. Case No. 16-80141.  An order for relief has
not been entered, and no interim Chapter 7 trustee has been
appointed in the Involuntary Cases.  The petitioning creditors are
represented by McGrath, North, Mullin & Kratz, P.C.

On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC and five
affiliated debtors each filed a Chapter 11 voluntary petition in
St. Louis, Missouri, disclosing total assets of $1.3 billion and
debt of $1.2 billion.  The cases are pending before the Honorable
Kathy A. Surratt-States and are jointly administered under Bankr.
E.D. Mo. Case No. 16-41161.

The Debtors have engaged DLA Piper LLP (US) as counsel, Armstrong
Teasdale LLP as co-counsel, Alvarez & Marsal North America, LLC as
financial advisor, Lazard as investment banker and Prime Clerk LLC
as claims and noticing agent.


ABENGOA BIOENERGY: Wins Interim Approval to Get $8-Mil. Loan
------------------------------------------------------------
Abengoa Bioenergy US Holding, LLC received interim court approval
to get a loan from an affiliate of Sandton Capital Partners LP.

The order, issued by Judge Kathy Surrat-States of the U.S.
Bankruptcy Court for the Eastern District of Missouri, allowed the
company to borrow an initial $8 million from Kimberley Fund LP.

Abengoa will use the loan to support its operations pending final
approval of its request to borrow a $41 million loan from the same
lender to get the company through bankruptcy.

In exchange for the loan, Abengoa granted the lender liens on
certain properties owned by the company.  

Kimberley Fund will also get "superpriority claims" as security for
its loan, according to the court order, which also allowed Abengoa
to use the cash collateral of Wells Fargo Bank Northwest National
Association and other pre-bankruptcy lenders.

                      About Abengoa Bionergy

Abengoa Bioenergy is a collection of indirect subsidiaries of
Abengoa S.A. ("Abengoa"), a Spanish company founded in 1941. The
global headquarters of Abengoa Bioenergy is in Chesterfield,
Missouri.  With a total investment of $3.3 billion, the United
States has become Abengoa S.A.'s largest market in terms of sales
volume, particularly from developing solar, bioethanol, and water
projects.

Spanish energy giant Abengoa S.A. is an engineering and clean
technology company with operations in more than 50 countries
worldwide that provides innovative solutions for a diverse range of
customers in the energy and environmental sectors.  Abengoa is one
of the world's top builders of power lines transporting energy
across Latin America and a top engineering and construction
business, making massive renewable-energy power plants worldwide.

On Nov. 25, 2015, in Spain, Abengoa S.A. announced its intention to
seek protection under Article 5bis of Spanish insolvency law, a
pre-insolvency statute that permits a company to enter into
negotiations with certain creditors for restricting of its
financial affairs.  The Spanish company is facing a March 28, 2016,
deadline to agree on a viability plan or restructuring plan with
its banks and bondholders, without which it could be forced to
declare bankruptcy.

Gavilon Grain, LLC, et al., on Feb. 1, 2016, filed an involuntary
Chapter 7 petition for Abengoa Bioenergy of Nebraska, LLC ("ABNE")
and on Feb. 11, 2016, filed an involuntary Chapter 7 petition for
Abengoa Bioenergy Company, LLC ("ABC").  ABC's involuntary Chapter
7 case is Bankr. D. Kan. Case No. 16-20178.  ABNE's involuntary
case is Bankr. D. Neb. Case No. 16-80141.  An order for relief has
not been entered, and no interim Chapter 7 trustee has been
appointed in the Involuntary Cases.  The petitioning creditors are
represented by McGrath, North, Mullin & Kratz, P.C.

On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC and five
affiliated debtors each filed a Chapter 11 voluntary petition in
St. Louis, Missouri, disclosing total assets of $1.3 billion and
debt of $1.2 billion.  The cases are pending before the Honorable
Kathy A. Surratt-States and are jointly administered under Bankr.
E.D. Mo. Case No. 16-41161.

The Debtors have engaged DLA Piper LLP (US) as counsel, Armstrong
Teasdale LLP as co-counsel, Alvarez & Marsal North America, LLC as
financial advisor, Lazard as investment banker and Prime Clerk LLC
as claims and noticing agent.



AMERICAN HOSPICE: Asks for Approval to Reject 8 Useless Leases
--------------------------------------------------------------
American Hospice Management Holdings, LLC, et al., seek permission
from the Bankruptcy Court to reject eight unexpired leases of
non-residential real property with the following counterparties:

   (a) 51 Haddonfield Equities LLC;
   (b) ABM Edison;
   (c) Baederwood;
   (d) CH Mann;
   (e) Clearview Realty;
   (f) Sun Health;
   (g) Thalimer Sullivan Property; and
   (h) WPB Investors.

The Debtors have determined that the Leases are unnecessary to the
continued operation of their business, have no value to the
estates, and should be rejected nunc pro tunc to the Petition Date.
The aggregate monthly rent due on the eight Leases totals
$156,000.

According to the Debtors, they gave notice to the landlord
Counterparties to the Leased Premises that they would be ceasing
operations and vacating the Leased Premises.  Keys and/or access
has been turned over to the landlord Counterparties with respect to
each of the Leased Premises as of the Petition Date.

Additionally, the Leased Premises may contain various items of
personal property owned by the Debtors.  After considering the
costs associated with retrieving this property and then redeploying
or selling the same, the Debtors have concluded that, in their
business judgment, the costs associated with transporting and/or
selling the items renders this personal property of little or no
value to the estates.  Accordingly, the Debtors seek to abandon any
personal property located on the Leased Premises.

                       About American Hospice

Headquartered in Jacksonville, Florida, American Hospice Management
Holdings, LLC is a hospice care provider for patients with
conditions including, among other things, cancer, cardiopulmonary
diseases, Alzheimer's and strokes.  

American Hospice and 10 of its affiliates filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Proposed Lead Case No.
16-10670) on March 20, 2016.  Scott Mahosky signed the petition as
chief executive officer.  The Debtors estimated assets in the range
of $10 million to $50 million and liabilities of up to $50
million.

The Debtors have hired Denton US LLP as counsel, Pachulski Stang
Ziehl & Jones LLP as co-counsel, Harris Williams & Co. as
investment banker, and Kurtzman Carson Consultants, LLC as notice
and claims agent.

Each of the Debtors is owned 100% by American Hospice Management
Holdings, LLC which is a Delaware limited liability company.  The
majority owner of American Hospice Management Holdings, LLC is
American Hospice Holdings Corporation, a Delaware corporation.
American Hospice Holdings Corporation is wholly owned by 2000
Riverside Capital Appreciation Fund, L.P.


AMERICAN HOSPICE: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                       Case No.
      ------                                       --------
      American Hospice Management Holdings, LLC    16-10670
      50 North Laura Street, Suite 1800
      Jacksonville, FL 32202

      Hospice of Pennsylvania, LLC                 16-10671

      Hospice of Arizona, LC                       16-10672

      Hospice of Central Virginia, LLC             16-10673

      Embracing HospiceCare, LLC                   16-10674

      Embracing HospiceCare of South Atlanta, LLC  16-10675

      American Hospice Management, LLC             16-10676

      Frontier Hospice, LLC                        16-10677

      Hospice of New Jersey, LLC                   16-10678

      FMC Hospice - Conroe, LLC                    16-10679

      FMC - Deep East Texas, LLC                   16-10680

Type of Business: Health Care

Chapter 11 Petition Date: March 20, 2016

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Debtors' General         Samuel R. Maizel, Esq.
Counsel:                 DENTON US LLP
                         601 S. Figueroa Street, Suite 2500
                         Los Angeles, CA 90017
                         Tel: (312) 623-9300
                         Fax: (213) 623-9924
                         Email: samuel.maizel@dentons.com

                            - and -

                         Gary W. Marsh, Esq. , Esq.
                         DENTON US LLP
                         303 Peachtree Street, NE, Suite 5300
                         Atlanta, GA 30308
                         Tel: (404) 527-4150
                         Fax: (404) 527-4198
                         Email: gary.marsh@dentons.com

Debtors' Co-Counsel:     Laura D. Jones, Esq.
                         Colin R. Robinson, Esq.
                         PACHULSKI STANG ZIEHL & JONES LLP
                         919 North Market Street, 17th Floor
                         PO Box 8705
                         Wilmington, DE 19899
                         Tel: (302) 652-4100
                         Fax: (302) 652-4400
                         Email: ljones@pszjlaw.com
                                crobinson@pszjlaw.com

Debtors'                 HARRIS WILLIAMS & CO.
Investment
Banker:

Debtors' Claims          KURTZMAN CARSON CONSULANTS, LLC
and Noticing
Agent:

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Scott Mahosky, chief executive officer.

Consolidated List of Debtors' 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Department of Justice                 Settlement      $5,515,876
U.S. Attorney's Office
36 South Clarles Street
4th Floor
Baltimore, Maryland 21201

Centers for Medicare and               Medicare       $1,034,040
Medicaid Services                     Overpayment
P.O. Box 100277
Columbia, SC 29202-3277
Palmetto GBA
Tel: (727) 531-4350

Hospiscript Services                    Pharmacy        $896,916
P.O. Box 933273
Atlanta, GA 31193-3273
Tel: (334) 956-7508
Fax: (334) 956-7559

Jones Day                             Legal Services    $877,460
901 Lakeside Avenue
Cleveland, OH 44144
Michael Weinberg
Tel: (214) 969-2945
Email: mweinberg@jonesday.com

Hospiecelink                         Durable Medical     $247,265
Email: info@Hospicelink.com             Equipment

Aetna                                Medical Insurance   $245,504

Arent Fox                              Legal Services    $237,194
Email: jill.steingberg@arentfox.com  

Sun Health Services                         Rent         $145,790

Foley & Lardner LLP                    Legal Services    $142,936
jwaltz@foley.co

Henrico Doctors' Hospital -                 Rent         $131,237
Retreat Campus

GA Healthcare Agency, LLC              Staffing Agency   $116,869

McBee Associates                         Receivables     $107,040
                                          Consultant

Waller Lansden Dortch & Davis, PLLC    Legal Services    $106,672
john.park@wallerlaw.com

Simione Consultants                      Compliance      $102,508
                                            Audit

American Express                        Credit Card      $101,974

Henrico Doctors Hospital, Inc.        Nursing Facility   $100,446

RecoverCare, LLC                       Durable Medical    $99,463  
               
Email: info@joerns.com                    Equipment

Guardian                                  Insurance       $78,524

St. Vincent's Nursing Home            Nursing Facility    $77,824

Patina Solutions Group Inc.               Consulting      $62,225


AMERICAN HOSPICE: Files for Chapter 11, Seeks Quick Sale
--------------------------------------------------------
American Hospice Management Holdings, LLC, sought creditor
protection under Chapter 11 of the Bankruptcy Code with the goal of
selling substantially all of its assets through an auction process.
During the sale process, the Debtor intends to continue normal
operations as it completes its operational and financial
restructuring.

The Debtor said it has been operating under a severe financial
distress with liabilities vastly exceeding its assets.  For the
past years, the Debtor had experienced recurring losses and decline
in revenue.  In 2015, it had gross revenue of approximately $57
million, gross expenses of approximately $61 million and EBITDA of
negative $4.7 million.

In accordance with an agreement signed with the U.S. Department of
Health and Human Services Office of Inspector General, the Debtor
said it is required to strictly comply with medicare, medicaid and
other federal health care program laws and regulations.

Scott Mahosky, chief executive officer of American Hospice, related
that as early as 2013, American Hospice, through its advisor Harris
Williams & Co., has been actively marketing its assets for sale but
none was willing to proceed with a transaction outside of the
protection of a bankruptcy process due to the recency of the
settlement with the government.  Finally, in 2016, one party,
Hospice Partners of America, LLC submitted a letter of intent to
buy the Debtor's business in Virginia and Texas.  Mr. Mahosky added
that a number of other parties indicated that they did not have an
interest in serving as a "stalking horse", but would be interested
in participating in an auction pursuant to Section 363 of the
Bankruptcy Code.

The Debtor is currently in the process of finalizing a draft of an
asset purchase agreement with Hospice Partners pursuant to which it
expects that Hospice Partners will make a stalking horse bid for
its in Texas and Virginia subject to higher or better offers.

Hospice Partners has committed to provide $500,000
debtor-in-possession financing to the Debtor for liquidity needed
to accomplish the sale.  Under the requirements of the DIP
Financing, the Debtor is required to file a sale procedures motion
within three days after the Petition Date.  The Debtor's proposed
sale process requires a closing no later than April 30, 2016.  The
Debtor determined that an expedited free-and-clear sale of the its
business is necessary as it is operating with very tight working
capital.

According to Court documents, American Hospice owes approximately
$8 million of secured debt to Riverside Capital Appreciation Fund,
L.P., which has a blanket lien on all its assets.  Riverside
acquired this debt from BMO Harris Bank, N.A. in March of 2016.

American Hospice owes approximately $4.2 million of unsecured debt
to trade vendors; $5.5 million to the DOJ and $1,034,040 to
Palmetto GBA, the intermediary for the Centers for Medicare and
Medicaid Services; and $11.7 million to American Hospice Holdings
Corporation who acquired certain senior subordinated debt in
December of 2015.  American Hospice also owes monthly rent of
approximately $315,000 to landlords on 20 leased properties --
eight of which are not currently being used.

                         First Day Motions

Concurrently with the filing of the Chapter 11 petition, the Debtor
filed certain "first day" motions seeking authority to, among other
things, obtain postpetition financing, continue using existing cash
management system, prohibit utility providers from discontinuing
services, pay employee obligations, pay critical vendor claims.

                      About American Hospice

Headquartered in Jacksonville, Florida, American Hospice Management
Holdings, LLC is a hospice care provider for patients with
conditions including, among other things, cancer, cardiopulmonary
diseases, Alzheimer's and strokes.  American Hospice currently
provides hospice care in the following six markets: (i) Phoenix,
Arizona; (ii) Houston, Texas; (iii) Oklahoma City, Oklahoma; (iv)
Atlanta, Georgia; (v) Richmond and Central Virginia; and (vi) New
Jersey.  The Company employs 365 people.

American Hospice and 10 of its affiliates filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Proposed Lead Case No.
16-10670) on March 20, 2016.  Scott Mahosky signed the petition as
chief executive officer.  The Debtors estimated assets in the range
of $10 million to $50 million and liabilities of up to $50
million.

The Debtors have hired Denton US LLP as counsel, Pachulski Stang
Ziehl & Jones LLP as co-counsel, Harris Williams & Co. as
investment banker, and Kurtzman Carson Consultants, LLC as notice
and claims agent.

Each of the Debtors is owned 100% by American Hospice Management
Holdings, LLC which is a Delaware limited liability company.  The
majority owner of American Hospice Management Holdings, LLC is
American Hospice Holdings Corporation, a Delaware corporation.
American Hospice Holdings Corporation is wholly owned by 2000
Riverside Capital Appreciation Fund, L.P.


AMERICAN HOSPICE: Hires KCC as Claims and Noticing Agent
--------------------------------------------------------
American Hospice Management Holdings, LLC, et al., filed an
application with the U.S. Bankruptcy Court for the District of
Delaware seeking authority to employ Kurtzman Carson Consultants
LLC as their claims and noticing agent in lieu of the Clerk of the
Court, effective as of the Petition Date.  KCC is expected to
perform noticing, claims, balloting, technical, and support
services.

In view of the number of anticipated claimants and the complexity
and scope of their business, the Debtors assert that KCC's
appointment as the claims and noticing agent is both necessary and
in the best interests of their estates and their creditors because
they and the Clerk will be relieved of the burdens associated with
the Claims and Noticing Services.

The Debtors have agreed to compensate KCC for professional services
pursuant to the Services Agreement and reimburse the firm for all
reasonable and necessary expenses.  The Debtors request that the
undisputed fees and expenses incurred by KCC in the performance of
the services be treated as administrative expenses of their 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 $20,000.  KCC seeks to hold such retainer under the
Services Agreement during the cases as security for the payment of
fees and expenses incurred under the Services Agreement.

The Debtors have agreed to certain indemnification and contribution
obligations as part of the overall compensation payable to KCC.

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

                   About American Hospice

Headquartered in Jacksonville, Florida, American Hospice Management
Holdings, LLC is a hospice care provider for patients with
conditions including, among other things, cancer, cardiopulmonary
diseases, Alzheimer's and strokes.  American Hospice currently
provides hospice care in the following six markets: (i) Phoenix,
Arizona; (ii) Houston, Texas; (iii) Oklahoma City, Oklahoma; (iv)
Atlanta, Georgia; (v) Richmond and Central Virginia; and (vi) New
Jersey.  The Company employs 365 people.

American Hospice and 10 of its affiliates filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Proposed Lead Case No.
16-10670) on March 20, 2016.  Scott Mahosky signed the petition as
chief executive officer.  The Debtors estimated assets in the range
of $10 million to $50 million and liabilities of up to $50
million.

The Debtors have hired Denton US LLP as counsel, Pachulski Stang
Ziehl & Jones LLP as co-counsel, Harris Williams & Co. as
investment banker, and Kurtzman Carson Consultants, LLC as notice
and claims agent.

Each of the Debtors is owned 100% by American Hospice Management
Holdings, LLC which is a Delaware limited liability company.  The
majority owner of American Hospice Management Holdings, LLC is
American Hospice Holdings Corporation, a Delaware corporation.
American Hospice Holdings Corporation is wholly owned by 2000
Riverside Capital Appreciation Fund, L.P.


AMERICAN HOSPICE: Proposes April 25 Hospice Partners-Led Auction
----------------------------------------------------------------
American Hospice Management Holdings, LLC, et al., filed a motion
with the Bankruptcy Court seeking approval of procedures for
submitting bids for any or all of their assets and the conduct of
an auction with respect to the offered assets in the event that
they receive at least one bid in addition to that submitted by
Hospice Partners of America, LLC, the stalking horse purchaser.

American Hospice currently provides hospice care in the following
six markets: (i) Phoenix, Arizona; (ii) Houston, Texas; (iii)
Oklahoma City, Oklahoma; (iv) Atlanta, Georgia; (v) Richmond and
Central Virginia; and (vi) New Jersey.

Prior to the Petition Date, the Debtors have entered into an asset
purchase agreement with Hospice Partners, pursuant to which Hospice
Partners agreed to buy the Debtors' businesses in Texas and
Virginia.  In connection with the Stalking Horse APA, the Stalking
Horse Purchaser has submitted a deposit in the amount of $200,000.

The sale transaction pursuant to the Stalking Horse APA is subject
to competitive bidding.  Pursuant to the terms of the Stalking
Horse APA, the Stalking Horse Purchaser has agreed to purchase the
Texas & Virginia Assets for the assumption of certain liabilities
and an amount equal to $5,500,000, subject to certain adjustments.


The Debtors currently have no prospective purchasers for their
businesses in Georgia, Arizona, Oklahoma, and New Jersey.  In
conjunction with selling the Texas & Virginia Assets, the Debtors
have also determined to sell the Remaining Assets through the same
auction process.  Unlike the Texas & Virginia assets,  which will
be sold via auction with the Stalking Horse APA providing a "floor"
price, the sale of the Remaining Assets will be via a "naked"
auction without a stalking horse bid.

The Debtors proposed April 22, 2016, at 4:00 p.m. (prevailing
Eastern Time) as the deadline for submitting bids.  Any party with
a valid, properly perfected security interest in any of the Offered
Assets may credit bid for the Offered Assets in connection with the
Sale pursuant to Section 363(k) of the Bankruptcy Code.

If the Debtors receive one or more Qualified Bids in addition to
the Stalking Horse APA, the Debtors will conduct the Auction of the
Offered Assets, which will be transcribed at April 25, 2016, at
10:00 a.m. (prevailing Eastern Time), at the offices of Dentons US
LLP, 303 Peachtree Street, Suite 5300, Atlanta, GA 30308.

In recognition of its expenditure of time, energy, and resources,
the Debtors have agreed that if the Stalking Horse Purchaser is not
the Successful Bidder as to the Texas & Virginia Assets, the
Debtors will pay the Stalking Horse Purchaser a break-up fee in the
amount of $165,000 plus repayment of the Stalking Horse Purchaser's
documented expenses (exclusive of professional fees) not to exceed
$10,000.

If the Debtors do not receive any Qualified Bids other than the
Stalking Horse APA, the Debtors will not hold an auction and the
Stalking Horse Purchaser will be named the Successful Bidder for
the Texas & Virginia Assets.

The Debtors will seek entry of the Sale Order from the Court at the
Sale Hearing to begin on or before April 29, 2016, to approve and
authorize the sale transaction to the Successful Bidders on terms
and conditions determined in accordance with the Bidding
Procedures.

                    About American Hospice

Headquartered in Jacksonville, Florida, American Hospice Management
Holdings, LLC is a hospice care provider for patients with
conditions including, among other things, cancer, cardiopulmonary
diseases, Alzheimer's and strokes.  

American Hospice and 10 of its affiliates filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Proposed Lead Case No.
16-10670) on March 20, 2016.  Scott Mahosky signed the petition as
chief executive officer.  The Debtors estimated assets in the range
of $10 million to $50 million and liabilities of up to $50
million.

The Debtors have hired Denton US LLP as counsel, Pachulski Stang
Ziehl & Jones LLP as co-counsel, Harris Williams & Co. as
investment banker, and Kurtzman Carson Consultants, LLC as notice
and claims agent.

Each of the Debtors is owned 100% by American Hospice Management
Holdings, LLC which is a Delaware limited liability company.  The
majority owner of American Hospice Management Holdings, LLC is
American Hospice Holdings Corporation, a Delaware corporation.
American Hospice Holdings Corporation is wholly owned by 2000
Riverside Capital Appreciation Fund, L.P.


AMERICAN HOSPICE: Requests Joint Administration of Cases
--------------------------------------------------------
American Hospice Management Holdings, LLC, et al., ask the
Bankruptcy Court to direct joint administration of their Chapter 11
cases under the Lead Case No. 16-10670.

The Debtors assert that joint administration will ease the
administrative burden on the Court and all parties-in-interest,
eliminate the need for duplicate pleadings, notices, and orders,
and protect parties-in-interest by ensuring that they will be
apprised of the various motions filed with the Court with respect
to each of the Debtors' cases.

The Debtors maintain that joint administration will not adversely
affect their respective constituencies because this motion seeks
only administrative, not substantive consolidation of their
estates.

                     About American Hospice

Headquartered in Jacksonville, Florida, American Hospice Management
Holdings, LLC is a hospice care provider for patients with
conditions including, among other things, cancer, cardiopulmonary
diseases, Alzheimer's and strokes.  American Hospice currently
provides hospice care in the following six markets: (i) Phoenix,
Arizona; (ii) Houston, Texas; (iii) Oklahoma City, Oklahoma; (iv)
Atlanta, Georgia; (v) Richmond and Central Virginia; and (vi) New
Jersey.  The Company employs 365 people.

American Hospice and 10 of its affiliates filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Proposed Lead Case No.
16-10670) on March 20, 2016.  Scott Mahosky signed the petition as
chief executive officer.  The Debtors estimated assets in the range
of $10 million to $50 million and liabilities of up to $50
million.

The Debtors have hired Denton US LLP as counsel, Pachulski Stang
Ziehl & Jones LLP as co-counsel, Harris Williams & Co. as
investment banker, and Kurtzman Carson Consultants, LLC as notice
and claims agent.

Each of the Debtors is owned 100% by American Hospice Management
Holdings, LLC which is a Delaware limited liability company.  The
majority owner of American Hospice Management Holdings, LLC is
American Hospice Holdings Corporation, a Delaware corporation.
American Hospice Holdings Corporation is wholly owned by 2000
Riverside Capital Appreciation Fund, L.P.


AMERICAN HOSPICE: Says Patient Care Ombudsman Unnecessary
---------------------------------------------------------
American Hospice Management Holdings, LLC, and its debtor
affiliates ask the U.S. Bankruptcy Court for the District of
Delaware to enter an order finding that the appointment of a
patient care ombudsman in the Chapter 11 cases is not necessary.

Section 333 of the Bankruptcy Code requires the appointment of a
patient care ombudsman unless the Court finds, under the particular
circumstances of the case, that the appointment of a PCO is not
necessary to protect the Debtors' patients.

According to the Debtors' counsel Laura Davis Jones, Esq., at
Pachulski Stang Ziehl & Jones LLP, the Court should not order the
appointment of a PCO because:

   (a) the Debtors only provide facilities and support staff to
       doctors who perform medical procedures to their patients;

   (b) the doctors, nurses, and other healthcare professionals who
       treat the patients are not employed by the Debtors, are not
       in bankruptcy and remain the best evaluators of whether the
       patients are negatively affected by the Debtors' bankruptcy

       filing;

   (c) the Debtors' bankruptcy filing was not caused by any
       failure on their part to provide adequate care, facilities,
       or services to their patients;

   (d) the Debtors are subject to a Corporate Integrity Agreement  

       with the U.S. Department of Health and Human Services,
       which provides for certain enhancements to the Debtors'
       internal compliance programs and policies as well as an
       additional layer of reporting and oversight; and

   (e) the Debtors operate on a tight budget and can ill afford
       the additional administrative expenses associated with a
       PCO.

"Simply put, the quality of the care offered to the Debtors'
patients was not the reason for the commencement of these cases and
should not be an issue during the pendency of these cases," Ms.
Jones said.  She added that the Debtors are in compliance with all
rules and standards promulgated with all applicable federal, state
and local regulatory agencies, and adequate safeguards for the
protection of the Debtors' patients already exist.

Moreover, Ms. Jones maintained, there is no evidence that the
Debtors' financial difficulties have impacted their ability to
provide high-quality hospice care to their patients.

                      About American Hospice

Headquartered in Jacksonville, Florida, American Hospice Management
Holdings, LLC is a hospice care provider for patients with
conditions including, among other things, cancer, cardiopulmonary
diseases, Alzheimer's and strokes.  

American Hospice and 10 of its affiliates filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Proposed Lead Case No.
16-10670) on March 20, 2016.  Scott Mahosky signed the petition as
chief executive officer.  The Debtors estimated assets in the range
of $10 million to $50 million and liabilities of up to $50
million.

The Debtors have hired Denton US LLP as counsel, Pachulski Stang
Ziehl & Jones LLP as co-counsel, Harris Williams & Co. as
investment banker, and Kurtzman Carson Consultants, LLC as notice
and claims agent.

Each of the Debtors is owned 100% by American Hospice Management
Holdings, LLC which is a Delaware limited liability company.  The
majority owner of American Hospice Management Holdings, LLC is
American Hospice Holdings Corporation, a Delaware corporation.
American Hospice Holdings Corporation is wholly owned by 2000
Riverside Capital Appreciation Fund, L.P.


AMERICAN HOSPICE: Secures Commitment for $500,000 DIP Financing
---------------------------------------------------------------
American Hospice Management Holdings, LLC, et al., seek permission
from the Bankruptcy Court to obtain up to $500,000 postpetition
financing from Hospice Partners of America, LLC, consisting of a
term loan that may be funded in not more than two draws.

The proceeds of the DIP Loan will be used by the Debtors to fund
general corporate and working capital requirements during the
pendency of the Chapter 11 cases, including professional fees, and
to fund the consummation of the sale of substantially all of their
assets.

The DIP Loan will mature on the earliest of: (i) May 30, 2016, (ii)
the effective date of any plan of reorganization of the Debtors,
(iii) conversion of the Chapter 11 cases or any one of them to a
case under Chapter 7 of the Bankruptcy Code, (iv) dismissal of any
of the Chapter 11 cases, (v) appointment of a Chapter 11 or Chapter
7 trustee, or (vi) closing of any sale of substantially all the
assets of any individual Debtor pursuant to Section 363 of the
Bankruptcy Code.

The outstanding principal amount of the DIP Loan will bear interest
from the date of disbursement at 10% (calculated on the basis of
the actual number of days elapsed).

The DIP Loan will have a Commitment Fee of 2% on initial
commitments to the DIP Loan, earned upon execution of the DIP
Agreement and payable from the proceeds of the first draw under the
DIP Loan.  Additionally, the DIP Loan will provide for payment of
the professional fees of the DIP Lender in negotiating and
documenting the DIP Agreement in an amount not to exceed $25,000
which will be payable upon entry of the Final DIP Order.

The Debtors further seek authority to use cash collateral of 2000
Riverside Capital Appreciation Fund, L.P., as successor to BMO
Harris Bank, N.A.  The Debtors owe approximately $8 million to the
Senior Secured Lender, which has a blanket lien on all of their
assets.

According to Court documents, the Senior Secured Lender has
consented to the DIP Financing and the terms of the DIP Agreement,
including, without limitation, to the DIP Lender having a "priming
lien" that is senior to the Senior Secured Lender's lien on the
Prepetition Collateral.  The Senior Secured Lender -- the only
entity with an interest in the Cash Collateral -- has also
consented to the Debtors' use of same.

The Debtors propose to provide adequate protection to the Senior
Secured Lender of its interests in the Prepetition Collateral, in
an amount equal to the aggregate diminution in value of its
interest in the Prepetition Collateral.  The Senior Secured Lender
is granted, among other things, as security for the payment of the
Adequate Protection Obligations, a valid, perfected replacement
security interest in and lien on all of the DIP Collateral, subject
and subordinate only to (i) the DIP Liens, (ii) the Carve-Out and
(iii) the Non-Primed Liens.

"The success of this Chapter 11 case at the outset depends on the
confidence of the Debtors' constituents, which in turn depends upon
the Debtors' ability to minimize the disruption of the bankruptcy
filings," said Laura Davis Jones, Esq., at Pachulski Stang Ziehl &
Jones LLP, counsel for the Debtors.  "Approval and implementation
of the DIP Financing will assure continued functioning of the
Debtors and preserve the going concern value of their estates."

                      About American Hospice

Headquartered in Jacksonville, Florida, American Hospice Management
Holdings, LLC is a hospice care provider for patients with
conditions including, among other things, cancer, cardiopulmonary
diseases, Alzheimer's and strokes.  

American Hospice and 10 of its affiliates filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Proposed Lead Case No.
16-10670) on March 20, 2016.  Scott Mahosky signed the petition as
chief executive officer.  The Debtors estimated assets in the range
of $10 million to $50 million and liabilities of up to $50
million.

The Debtors have hired Denton US LLP as counsel, Pachulski Stang
Ziehl & Jones LLP as co-counsel, Harris Williams & Co. as
investment banker, and Kurtzman Carson Consultants, LLC as notice
and claims agent.

Each of the Debtors is owned 100% by American Hospice Management
Holdings, LLC which is a Delaware limited liability company.  The
majority owner of American Hospice Management Holdings, LLC is
American Hospice Holdings Corporation, a Delaware corporation.
American Hospice Holdings Corporation is wholly owned by 2000
Riverside Capital Appreciation Fund, L.P.


AMERICAN HOSPICE: Seeks to Dispose of Patient Records
-----------------------------------------------------
American Hospice Management Holdings, LLC et al., are asking
permission from the Bankruptcy Court to dispose of their patient
records saying they have insufficient funds to pay for the storage
of those records in the manner required under applicable federal or
state law.

The Debtors said the continued maintenance of their Patient Records
collectively costs approximately $290,000 per year.

Laura Davis Jones, Esq., at Pachulski Stang Ziehl & Jones LLP,
attorney for the Debtors, asserted that the Debtors lack the
financial resources necessary to comply with all applicable state
and federal laws governing the storage of their Patient Records. In
addition, the Debtors will no longer own substantially all of their
assets within a few short months as their assets will be sold off
through an expedited sale pursuant to Section 363 of the Bankruptcy
Code.

The Debtors intend to comply with all requirements under Section
351 of the Bankruptcy Code, including the publication of notices in
newspapers of general circulation in every city in which they
currently have operations.  Further, the Debtors intend to promptly
notify all patients and appropriate insurance carriers concerning
their intention to destroy the Patient Records within 180 days of
the Published Notices consistent with Section 351(1)(B) of the
Bankruptcy Code.  

If the Patient Records have not been claimed within 365 days of the
published notices by patients or the appropriate insurance carrier,
the Debtors intend to notify the United States Department of Health
and Human Services  to request permission to deposit the Patient
Records with DHHS.  Only after the Patient Records have not been
retrieved by a patient or the appropriate insurance carrier within
365 days of the Published Notices and if DHHS does not agree to the
Debtors' request to deposit their Patient Records with the federal
agency will the Debtors proceed with the disposal of the Patient
Records.

The Debtors intend to destroy the Patient Records in the manner
specified in Section 351(3) of the Bankruptcy Code.

                      About American Hospice

Headquartered in Jacksonville, Florida, American Hospice Management
Holdings, LLC is a hospice care provider for patients with
conditions including, among other things, cancer, cardiopulmonary
diseases, Alzheimer's and strokes.  

American Hospice and 10 of its affiliates filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Proposed Lead Case No.
16-10670) on March 20, 2016.  Scott Mahosky signed the petition as
chief executive officer.  The Debtors estimated assets in the range
of $10 million to $50 million and liabilities of up to $50
million.

The Debtors have hired Denton US LLP as counsel, Pachulski Stang
Ziehl & Jones LLP as co-counsel, Harris Williams & Co. as
investment banker, and Kurtzman Carson Consultants, LLC as notice
and claims agent.

Each of the Debtors is owned 100% by American Hospice Management
Holdings, LLC which is a Delaware limited liability company.  The
majority owner of American Hospice Management Holdings, LLC is
American Hospice Holdings Corporation, a Delaware corporation.
American Hospice Holdings Corporation is wholly owned by 2000
Riverside Capital Appreciation Fund, L.P.


AMERICAN HOSPICE: Wants to Pay $300,000 Critical Vendor Claims
--------------------------------------------------------------
American Hospice Management Holdings, LLC, et al., are asking the
Bankruptcy Court's permission to pay up to $300,000 claims of
certain vendors that are critical to their ability to conduct their
business and operations.  

The Debtors said that failure to satisfy the Critical Vendor Claims
could have a material adverse impact on their day-to-day
operations, ability to deliver quality palliative and
life-prolonging patient care, and may compromise their efforts to
maximize value for the benefit of their estates and creditors.

As a result of the bankruptcy cases, the Debtors recognize that all
or some of the Critical Vendors may refuse to provide goods or
services on a postpetition basis if they do not pay all or part of
such Critical Vendor's prepetition claims.

"If the Critical Vendors discontinue their supply of goods and
services as a result of the Debtors' Chapter 11 cases, the impact
on the Debtors' operations and their patients would be severe,"
according to Laura Davis Jones, Esq., at Pachulski Stang Ziehl &
Jones LLP, counsel to the Debtors.  "Many of the Critical Vendors
have extensive knowledge of the Debtors, their business, and
hospice services generally, and therefore, finding and training
suitable replacement vendors could increase costs and otherwise
compromise operations and patient care."

The Debtors request to condition the payment of the Critical Vendor
Claims on the agreement of individual Critical Vendor to supply
goods and services to them on favorable credit terms.

                   About American Hospice

Headquartered in Jacksonville, Florida, American Hospice Management
Holdings, LLC is a hospice care provider for patients with
conditions including, among other things, cancer, cardiopulmonary
diseases, Alzheimer's and strokes.  American Hospice currently
provides hospice care in the following six markets: (i) Phoenix,
Arizona; (ii) Houston, Texas; (iii) Oklahoma City, Oklahoma; (iv)
Atlanta, Georgia; (v) Richmond and Central Virginia; and (vi) New
Jersey.  The Company employs 365 people.

American Hospice and 10 of its affiliates filed separate Chapter 11
bankruptcy petitions (Bankr. D. Del. Proposed Lead Case No.
16-10670) on March 20, 2016.  Scott Mahosky signed the petition as
chief executive officer.  The Debtors estimated assets in the range
of $10 million to $50 million and liabilities of up to $50
million.

The Debtors have hired Denton US LLP as counsel, Pachulski Stang
Ziehl & Jones LLP as co-counsel, Harris Williams & Co. as
investment banker, and Kurtzman Carson Consultants, LLC as notice
and claims agent.

Each of the Debtors is owned 100% by American Hospice Management
Holdings, LLC which is a Delaware limited liability company.  The
majority owner of American Hospice Management Holdings, LLC is
American Hospice Holdings Corporation, a Delaware corporation.
American Hospice Holdings Corporation is wholly owned by 2000
Riverside Capital Appreciation Fund, L.P.


ARCH COAL: Creditors' Panel Hires Spencer Fane as Local Counsel
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of Arch Coal, Inc.,
et al., seeks authorization from the U.S. Bankruptcy Court for the
Eastern District of Missouri to retain Spencer Fane LLP as local
counsel for the Committee, nunc pro tunc to January 27, 2016.

The Committee requires Spencer Fane to:

   (a) assist lead counsel and advise and represent the Committee
       in its consultations with the Debtors regarding the
       administration of this Case, compliance with local rules,
       procedures, forms and other matters;

   (b) assist lead counsel and advise and represent the Committee
       with respect to the Debtors' retention of professionals and

       advisors with respect to the Debtors' business and this
       Case;

   (c) assist lead counsel and advise and represent the Committee
       in analyzing the Debtors' assets and liabilities,
       investigate the extent and validity of liens and
       participate in and review any proposed asset sales, asset
       dispositions, financing arrangements and cash collateral
       stipulations or proceedings;

   (d) assist lead counsel and advise and represent the Committee
       in any manner relevant to reviewing and determining the
       Debtors' rights and obligations under leases and other
       contracts;

   (e) assist lead counsel and advise and represent the Committee
       in investigating the acts, conduct, assets, liabilities and

       financial condition of the Debtors, the Debtors' operations

       and the desirability of the continuance of any portion of
       those operations, and any other matters relevant to this
       Case or to the formulation of a plan;

   (f) assist lead counsel and advise and represent the Committee
       in connection with any sale of the Debtors' assets;

   (g) assist lead counsel and advise and represent the Committee
       in its participation in the negotiation, formulation, or
       objection to any plan of liquidation or reorganization;

   (h) advise the Committee on the issues concerning the
       appointment of a trustee or examiner under Section 1104 of
       the Bankruptcy Code;

   (i) assist lead counsel and advise and represent the Committee
       in understanding its powers and its duties under the
       Bankruptcy Code and the Bankruptcy Rules and in performing
       other services as are in the interests of those represented

       by the Committee;

   (j) assist lead counsel and advise and represent the Committee
       in the evaluation of claims and on any litigation matters,
       including avoidance actions; and

   (k) provide such other services to the Committee as may be
       necessary in this Case.

Spencer Fane will be paid at these hourly rates:

       Scott J. Goldstein, partner    $500
       Eric C. Peterson, counsel      $405
       Sherry Dreisewerd, partner     $395
       Erica Johnson, partner         $400
       Lisa Epps, partner             $400
       Partners                       $290-$555
       Of Counsel                     $310-$550
       Associates                     $220-$300
       Paralegals                     $130-$220

Spencer Fane will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Scott J. Goldstein, partner of Spencer Fane, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

The following is provided in response to the request for additional
information set forth in D1 of the Appendix B Guidelines:

  -- Spencer Fane did not represent the Committee before its    
     formation on January 25, 2016. Spencer Fane's billing rates
     have not changed since the Petition Date. Spencer Fane has
     in the past represented currently represents and may
     represent in the future certain Committee members and/or
     their affiliates as set forth in the application.

  -- Kramer Levin is developing a budget and staffing plan that
     will be presented for approval by the Committee. Spencer Fane

     intends to work with Kramer Levin within the parameters of
     that budget.

Spencer Fane can be reached at:

       Scott J. Goldstein, Esq.
       SPENCER FANE LLP
       1000 Walnut, Suite 1400
       Kansas City, MO 64106
       Tel: (816) 474-8100
       Fax: (816) 474-3216
       E-mail: sgoldstein@spencerfane.com

                          About Arch Coal

Founded in 1969, Arch Coal, Inc., is a producer and marketer of
coal in the United States, with operations and coal reserves in
each of the major coal-producing regions of the Country.  As of
January 2016, it was the second-largest holder of coal reserves in
the United States, owning or controlling over five billion tons of
proven and probable reserves.  As of the Petition Date, Arch
employed approximately 4,600 full- and part-time employees.

Arch Coal, Inc. and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.

The Debtors disclosed total assets of $5.84 billion and total debt
of $6.45 billion.  Judge Charles E. Rendlen III has been assigned
the case.

The Debtors have engaged Davis Polk & Wardwell LLP as counsel,
Bryan Cave LLP as local counsel, FTI Consulting, Inc. as
restructuring advisor, PJT Partners as investment banker, and
Prime Clerk LLC as notice, claims and solicitation agent.


ARCH COAL: Jefferies Tapped as Creditors' Panel Investment Banker
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Arch Coal, Inc.,
et al., seeks authorization from the U.S. Bankruptcy Court for the
Eastern District of Missouri to retain Jefferies LLC as investment
banker, nunc pro tunc to January 27, 2016.

The Committee anticipates that Jefferies will perform the following
investment banking services, among others, pursuant to the
Engagement Letter, as mutually agreed upon by Jefferies and the
Committee and as appropriate:

   (a) becoming familiar with and analyzing, the business,
       operations, properties, financial condition and prospects
       of the Debtors;

   (b) advising the Committee on any Transaction;

   (c) assisting and advising the Committee in examining and
       analyzing any potential or proposed Restructuring,
       including, where appropriate, assisting the Committee in
       developing its own strategy for accomplishing a
       Restructuring;

   (d) assisting and advising the Committee in evaluating and
       analyzing the proposed implementation of any Transaction,
       including the value of the securities or debt instruments,
       if any, that may be issued in any such Transaction;

   (e) assisting and advising the Committee in evaluating any
       potential financing transactions by the Debtors;

   (f) assisting and advising the Committee on tactics and
       strategies for negotiating with other stakeholders;

   (g) attending meetings of the Committee with respect to matters

       on which Jefferies has been engaged to advise the Committee

       under the Engagement Letter;

   (h) providing testimony, as necessary and appropriate, with
       respect to matters on which Jefferies has been engaged to
       advise the Committee under the Engagement Letter, in any
       proceeding before the Court; and

   (i) rendering such other investment banking and financial
       advisory services as may from time to time be agreed upon
       by the Committee and Jefferies, including, but not limited
       to, providing expert testimony, and other expert and
       investment banking and financial advisory support related
       to any threatened, expected, or initiated litigation.

Jefferies and the Committee have agreed on the following terms of
compensation and expense reimbursement (the "Fee and Expense
Structure"):

   -- Monthly Fee. A monthly fee equal to $175,000 per month until

      the expiration or termination of Jefferies' engagement by
      the Committee. The first payment shall be made by the
      Debtors upon approval of the Engagement Letter by the
      Bankruptcy Court and shall be made in respect of the period
      from January 27, 2016 through the months in which payment is

      made. Thereafter, payment will be due in advance on the
      first day of each month during the term of Jefferies'
      engagement by the Committee. After six full Monthly Fees
      have been paid to Jefferies, fifty percent of any additional

      Monthly Fee payments actually paid to and retained by
      Jefferies will be credited once against any Transaction Fee  

      due to Jefferies.

   -- Transaction Fee. Upon the consummation of any Transaction,
      a fee equal to $3,000,000.

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

Leon Szlezinger, managing director and joint global head of
Restructuring & Recapitalization at Jefferies LLC, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Jefferies can be reached at:

       Leon Szlezinger
       JEFFERIES LLC
       520 Madison Avenue
       New York, NY 10022
       Tel: (212) 284-2300

                          About Arch Coal

Founded in 1969, Arch Coal, Inc., is a producer and marketer of
coal in the United States, with operations and coal reserves in
each of the major coal-producing regions of the Country.  As of
January 2016, it was the second-largest holder of coal reserves in
the United States, owning or controlling over five billion tons of
proven and probable reserves.  As of the Petition Date, Arch
employed approximately 4,600 full- and part-time employees.

Arch Coal, Inc. and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.

The Debtors disclosed total assets of $5.84 billion and total debt
of $6.45 billion.  Judge Charles E. Rendlen III has been assigned
the case.

The Debtors have engaged Davis Polk & Wardwell LLP as counsel,
Bryan Cave LLP as local counsel, FTI Consulting, Inc. as
restructuring advisor, PJT Partners as investment banker, and
Prime Clerk LLC as notice, claims and solicitation agent.



ARCH COAL: Schedules $1.27B in Assets, $5.27B in Debts
------------------------------------------------------
Arch Coal Inc. filed its schedules of assets and liabilities,
disclosing:

   Name of Schedule                   Assets       Liabilities
   ----------------                   ------       -----------
A. Real Property                          $0
B. Personal Property          $1,273,730,862           
C. Property Claimed as Exempt
D. Creditors Holding
   Secured Claims                               $1,891,000,000
E. Creditors Holding Unsecured
   Priority Claims                                          $0
F. Creditors Holding Unsecured
   Non-priority Claims                          $3,374,105,295
                               --------------   --------------
TOTAL                          $1,273,730,862   $5,265,105,295

A copy of the company's schedules is available without charge at
http://is.gd/NiHsi2

                          About Arch Coal

Founded in 1969, Arch Coal, Inc., is a producer and marketer of
coal in the United States, with operations and coal reserves in
each of the major coal-producing regions of the Country.  As of
January 2016, it was the second-largest holder of coal reserves in
the United States, owning or controlling over five billion tons of
proven and probable reserves.  As of the Petition Date, Arch
employed approximately 4,600 full- and part-time employees.

Arch Coal, Inc. and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.

The Debtors disclosed total assets of $5.84 billion and total debt
of $6.45 billion.  Judge Charles E. Rendlen III has been assigned
the case.

The Debtors have engaged Davis Polk & Wardwell LLP as counsel,
Bryan Cave LLP as local counsel, FTI Consulting, Inc. as
restructuring advisor, PJT Partners as investment banker, and Prime
Clerk LLC as notice, claims and solicitation agent.


ARCH COAL: Stites & Harbison Files Rule 2019 Statement
------------------------------------------------------
Stites & Harbison PLLC disclosed in a court filing that it
represents these sureties in Arch Coal Inc.'s Chapter 11 case:

     (1) Indemnity National Insurance Company
         Attn: Mr. Tracy Tucker
         4800 Old Kingston Pike, Suite 220
         Knoxville, TN 37919-6479
         Phone: (865) 583-3738
         Email: ttucker@indemnitynational.com

     (2) Westchester Fire Insurance Company
         Attn: John Mangan
         P.O. Box 5106
         Scranton, PA 18505
         Phone: (215) 640-4569
         Fax: (866) 635-5687
         Email: jack.mangan@chubb.com

     (3) Zurich North America
         Attn: Dennis R. Hayden, Managing Counsel
         Commercial Surety Claims
         P.O. Box 968036
         Schaumburg, IL 60196
         Phone: (410) 744-2429
         Fax: (877) 812-5754
         Email: dennis.hayden@zurichna.com

The sureties may hold claims against Arch Coal on account of the
surety bonds they issued to secure the company's obligations under
federal, state, and local laws.

Stites & Harbison made the disclosure pursuant to Rule 2019 of the
Federal Rules of Bankruptcy Procedure.

The firm can be reached at:

     Chrisandrea L. Turner
     Elizabeth Lee Thompson
     William T. Gorton III
     W. Blaine Early III
     Stites & Harbison PLLC
     250 West Main Street, Suite 2300
     Lexington, Kentucky 40507
     Telephone: (859) 226-2300
     Fax: (859) 253-9144
     Email: clturner@stites.com
            ethompson@stites.com
            wgorton@stites.com
            bearly@stites.com

                          About Arch Coal

Founded in 1969, Arch Coal, Inc., is a producer and marketer of
coal in the United States, with operations and coal reserves in
each of the major coal-producing regions of the Country.  As of
January 2016, it was the second-largest holder of coal reserves in
the United States, owning or controlling over five billion tons of
proven and probable reserves.  As of the Petition Date, Arch
employed approximately 4,600 full- and part-time employees.

Arch Coal, Inc. and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.

The Debtors disclosed total assets of $5.84 billion and total debt
of $6.45 billion.  Judge Charles E. Rendlen III has been assigned
the case.

The Debtors have engaged Davis Polk & Wardwell LLP as counsel,
Bryan Cave LLP as local counsel, FTI Consulting, Inc. as
restructuring advisor, PJT Partners as investment banker, and Prime
Clerk LLC as notice, claims and solicitation agent.


ARCHDIOCESE OF ST. PAUL: March 24 Hearing on Bid to Hire Deloitte
-----------------------------------------------------------------
A U.S. bankruptcy court is set to hear an application to hire
Deloitte Transactions and Business Analytics LLP filed by the
official committee representing unsecured creditors of The
Archdiocese of Saint Paul and Minneapolis.

The U.S. Bankruptcy Court in Minnesota will take up the motion at a
hearing on March 24.

The committee tapped the accounting firm to be its financial
advisor in connection with the archdiocese's bankruptcy case.

The services to be provided by Deloitte include assisting the
committee in its analysis of the archdiocese's financial position
and financial restructuring.

The firm will be paid on an hourly basis and will receive
reimbursement for work-related expenses.  The hourly rates are:

     Partner/Principal/Director              $615
     Senior Manager/Senior Vice President    $575
     Manager/Vice President                  $525
     Senior Associate                        $475
     Associate                               $400

Scott Read, a principal of Deloitte, disclosed in a court filing
that his firm does not hold or represent any interest adverse to
the archdiocese, and that it is a "disinterested person" under
section 101(14) of the Bankruptcy Code.

The archdiocese's legal counsel had earlier criticized the terms
governing the firm's employment, including the fees to be paid to
Deloitte professionals.

"The archdiocese questions whether the analysis of the
archdiocese's financial condition requires the services of a Big
Four accounting firm at Big Four accounting firm rates," said
Richard Anderson, Esq., at Briggs and Morgan, in Minneapolis,
Minnesota.

"The archdiocese does not believe that its financial situation is
unduly complex," the lawyer further said in a court filing.

The committee's bid to employ the accounting firm had also drawn
criticisms from the official parish committee of unsecured
creditors and from a group consisting of parishes located in the
archdiocese of Saint Paul and Minneapolis.

                About the Archdiocese of Saint Paul
                        and Minneapolis

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

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

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

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

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

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

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


AXION INTERNATIONAL: Proposes April 29 General Claims Bar Date
--------------------------------------------------------------
Axion International, Inc., et al., ask the U.S. Bankruptcy Court
for the District of Delaware to enter an order setting:

   (a) April 29, 2016 at 4:00 p.m. (prevailing Eastern Time) as the
deadline for filing proofs of claim for (i) prepetition unsecured
or secured, priority or non-priority, claims, and (ii) claims
asserted under section 503(b)(9) of the Bankruptcy Code; and

   (b) June 2, 2016 at 4:00 p.m. (prevailing Eastern Time) as the
deadline for filing of proofs of claim by governmental entities.

The Debtors anticipate that certain entities may assert claims in
connection with the Debtors' rejection of executory contracts
and/or unexpired leases pursuant to section 365 of the Bankruptcy
Code.  The Debtors request that the bar date for Proofs of Claim on
account of Rejection Damages Claims  be set as occurring on or
before the  later of: (a) the applicable Bar Date; or (b) 30 days
after the entry of an order approving the rejection of the subject
executory contract and/or unexpired lease pursuant to which a
Rejection Damages Claim arises.

The Proofs of Claim must be received on or before the applicable
Bar Date by Epiq Bankruptcy Solutions, LLC , either by (i)
first-class mail to Axion International, Inc. Claims Processing
Center, c/o Epiq Bankruptcy Solutions, LLC, P.O. Box 4420,
Beaverton, OR 97076- 4420; or (ii) delivery by overnight courier or
messenger to Axion International, Inc. Claims Processing Center,
c/o Epiq Bankruptcy Solutions, LLC, 10300 SW Allen Blvd.,
Beaverton, OR 97005.

                          About Axion

Axion International, Inc., Axion International Holdings, Inc. and
Axion Recycled Plastics Incorporated filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Proposed Lead Case No. 15-12415) on
Dec. 2, 2015.  The petition was signed by Donald W. Fallon as
chief
financial officer and treasurer.  The Debtors estimated both
assets
and liabilities in the range of $10 million to $50 million.
Bayard, P.A. represents and Debtors as counsel.  Epiq Bankruptcy
Solutions, LLC serves as the Debtors' claims and noticing agent.
Judge Christopher S. Sontchi has been assigned the case.

The Debtors manufacture, market and sell structural products and
building materials, with an emphasis on railroad ties and
construction mats.

As of the Petition Date, the Debtors employ approximately 70
employees.

The Official Committee of Unsecured Creditors is represented by
Eric J. Monzo, Esq., at Morris James LLP and Sandra E. Mayerson,
Esquire., at the Law Offices of Sandra Mayerson.  EisnerAmper LLP
serves as its financial advisor.


AXION INTERNATIONAL: Wants April 22 Administrative Claims Bar Date
------------------------------------------------------------------
Axion International, Inc., et al., asked the U.S. Bankruptcy Court
for the District of Delaware to establish April 22, 2016 at 4:00
p.m. (ET) as the deadline for the filing of proofs of claim for
administrative expenses that have accrued from and after the
Petition Date through and including March 21, 2016.

The claims must be filed, so as to be received by the bar date,
either by (i) first-class mail to Axion International, Inc. Claims
Processing Center, c/o Epiq Bankruptcy Solutions, LLC, P.O. Box
4420, Beaverton, OR 97076-4420; or (ii) delivery by overnight
courier or messenger to Axion International, Inc. Claims Processing
Center, c/o Epiq Bankruptcy Solutions, LLC, 10300 SW Allen Blvd.,
Beaverton, OR 97005.

                          About Axion

Axion International, Inc., Axion International Holdings, Inc. and
Axion Recycled Plastics Incorporated filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Proposed Lead Case No. 15-12415) on
Dec. 2, 2015.  The petition was signed by Donald W. Fallon as
chief
financial officer and treasurer.  The Debtors estimated both
assets
and liabilities in the range of $10 million to $50 million.
Bayard, P.A. represents and Debtors as counsel.  Epiq Bankruptcy
Solutions, LLC serves as the Debtors' claims and noticing agent.
Judge Christopher S. Sontchi has been assigned the case.

The Debtors manufacture, market and sell structural products and
building materials, with an emphasis on railroad ties and
construction mats.

As of the Petition Date, the Debtors employ approximately 70
employees.

The Official Committee of Unsecured Creditors is represented by
Eric J. Monzo, Esq., at Morris James LLP and Sandra E. Mayerson,
Esquire., at the Law Offices of Sandra Mayerson.  EisnerAmper LLP
serves as its financial advisor.


BIRMINGHAM COAL: Allowed to Use Cash Collateral Until May 7
-----------------------------------------------------------
Birmingham Coal & Coke Company, Inc. received interim approval to
use the cash collateral of its pre-bankruptcy lenders until May 7,
2016.

The order, issued by U.S. Bankruptcy Judge Tamara Mitchell, allowed
the company to use the cash collateral of Regions Bank, Regions
Equipment Finance Corp. and Regions Commercial Equipment Finance
LLC to support its operations.

The court order came after Birmingham Coal's right to use the cash
collateral expired on March 12, according to court filings.


In exchange for using the cash collateral, the company was ordered
to grant adequate protection to the lenders in the form of
"replacement liens" on some of its assets.  The lenders will also
get "superpriority" administrative expense claims.

The next court hearing is scheduled for May 2.

                      About Birmingham Coal

Birmingham Coal & Coke Company, Inc. produces and markets coal to
industrial, utility and export markets. It owns and operates three
coal mines with an average annual coal production of approximately
480,000 tons.  The company also offers coal brokerage services.
Birmingham Coal & Coke Company, Inc. was founded in 2000 and is
based in Birmingham, Alabama.  As of May 9, 2011, Birmingham Coal
operates as a subsidiary of CanAm Coal Corp.

On May 27, 2015, Birmingham Coal and affiliates Cahaba Contracting
& Reclamation LLC, and RAC Mining LLC each filed a voluntary
petition for Chapter 11 reorganization (Bankr. N.D. Ala. Lead Case
No. 15-02075) in Birmingham, Alabama.

The Debtors tapped Jones Walker LLP as counsel.

Birmingham Coal and Cahaba Contracting each estimated $10 million
to $50 million in assets and debt.  RAC Mining estimated $1 million
to $10 million in assets and debt.


BLUE EARTH: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

         Debtor                                  Case No.
         ------                                  --------
         Blue Earth, Inc.                         16-30296
            fdba Genesis Fluid Solutions
                 Holdings, Inc.
            fdba Cherry Tankers, Inc.
         235 Pine Street, Suite 1100
         San Francisco, CA 94111

         Blue Earth Tech, Inc.                    16-30297

Type of Business: Provider of alternative/renewable energy
                  solutions for small and medium-sized commercial
                  and industrial facilities.

Chapter 11 Petition Date: March 21, 2016

Court: United States Bankruptcy Court
       Northern District of California (San Francisco)

Judge: Hon. Dennis Montali

Debtors' Counsel: Debra I. Grassgreen, Esq.
                  Jeffrey N. Pomerantz, Esq.
                  John W. Lucas, Esq.
                  Malhar S. Pagay, Esq.
                  PACHULSKI, STANG, ZIEHL & JONES LLP
                  150 California St. 15th Fl.
                  San Francisco, CA 94111-4500
                  Tel: (415) 263-7000
                  E-mail: jpomerantz@pszjlaw.com
                          dgrassgreen@pszjlaw.com
                          jlucas@pszjlaw.com
                          mpagay@pszjlaw.com

Debtors'          
Assets            
Valuator:         EOS CAPITAL ADVISORS LLC AND
                  ICE GLEN ASSOCIATES, LLC

Debtors'          
Claims and
Noticing
Agent:            KURTZMAN CARSON CONSULTANTS LLC

Total Assets: $98.9 million as of Dec. 31, 2014

Total Debt: $87.8 million as of Dec. 31, 2014

The petitions were signed by Robert G. Powell, CEO.

Consolidated List of Debtors' 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
D. Jason Davis                        Judgment        $1,604,312
Joseph Patalano
c/o Romero Park P.S.
H. Troy Romero &
Christopher Powell
155-108th Avenue N.E. Ste. 202
Bellevue, WA 98004
Contact: Chris Powell
E-mail: cpowell@romeropark.com

TCA Global Credit Fund, LP             Line of Credit  $1,225,583
9950 West Country Club Drive
Aventura FL 33180
Contact: Donna Silverman
E-mail: dsilverman@tcaglobalfund.com

Davidoff Hutcher & Citron LLP           Trade Claim      $191,056
E-mail: ehl@dmlegal.com

Morgan, Lewis & Bockius LLP                Legal         $188,010
E-mail: James.chapman@bingham.com

Kenmont Capital Partners, LP              Office         $144,102
E-mail: dkendall@kenmontcap.com           Expenses

Bushnell Law Group                      Trade Claim       $84,728
E-mail: Bbushnell@bushnelllawgroup.com

Orrick, Herrington & Sutcliffe LLP      Trade Claim       $79,858
E-mail: tglascock@orrick.com

NASDAQ Stock Market LLC                 Trade Claim       $75,000

James S. Marinos                        Trade Claim       $65,790
E-mail: marinoslaw@sbcglobal.net

Hobbs & Towne, Inc.                     Trade Claim       $61,660
E-mail: RHobbs@hobbstowne.com

RHZM International Ltd.                 Trade Claim       $58,000
E-mail: ttkl2008@foxmail.com

Rimon, PC                               Trade Claim       $40,617
E-mail: buz.barclay@rimonlaw.com

Sam Clar Office Furniture               Trade Claim       $23,574
E-mail: john@samclar.com

Haynie & Company                        Trade Claim       $21,486
E-mail: SteveH@hayniecpas.com

Ivan Xinyu Liu                          Trade Claim       $21,202
E-mail: liu_xinyu@hotmail.com

Financial Reporting Advisors, LLC       Trade Claim       $20,130
E-mail: petersen@finra.com

Jim Mao                                 Trade Claim       $18,182
E-mail: ttkl2008@foxmail.com

CBRE Global Advisors, LLC               Trade Claim       $15,384
E-mail: Hayley.Crickmore@cbre.com

Montgomery Technologies, LLC            Trade Claim       $13,608
E-mail: mwright@montgomerytech.n

One Blue Mountain, Inc.                 Trade Claim        $7,850
E-mail: gjonest@aol.com


BUFFETS LLC: Meeting of Creditors on April 11
---------------------------------------------
There's a meeting of creditors of Buffets, LLC, et al., on April
11, 2016, at 8:30 a.m.  The meeting will be located at 615 E.
Houston Street, Room 333 U.S. Post Office Building San Antonio, TX
78205.

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

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

                       About Buffets LLC

Buffets LLC, et al., are one of the largest operators of
buffet-style restaurants in the U.S.  The buffet restaurants,
located in 25 states, principally operate under the names Old
Country Buffet(R), Country Buffet(R), HomeTown(R) Buffet,
Ryan's(R)
and Fire Mountain(R).  These locations primarily offer
self-service
buffets with entrees, sides, and desserts for an all-inclusive
price.  In addition, Buffets owns and operates an 10-unit full
service, casual dining chain under the name Tahoe Joe's Famous
Steakhouse(R).

Buffets Holdings, Inc., filed for Chapter 11 relief in January
2008
and won confirmation of a reorganization plan in April 2009.  In
January 2012, Buffets again sought Chapter 11 protection and
emerged from bankruptcy in July 2012.

In Aug. 19, 2015, Alamo Ovation, LLC acquired Buffets Restaurants
Holdings, Inc., and as a result of the merger, Buffets operated
over 300 restaurants in 35 states.

Down to 150 restaurants in 25 states after closing unprofitable
locations, Buffets LLC and its affiliated entities sought Chapter
11 protection (Bankr. W.D. Tex. Case No. Lead Case No. 16-50557)
in
San Antonio, Texas, on March 7, 2016.  The cases are assigned to
Judge Ronald B. King.

The Debtors have tapped Akerman, LLP as counsel, Bridgepoint
Consulting, LLC as financial advisor and Donlin, Recano & Company
as claims and noticing agent.


CAPITOL LAKES: Sets April 1 General Claims Bar Date
---------------------------------------------------
In the Chapter 11 case of Capitol Lakes, Inc., Judge Robert D.
Martin entered an order setting:

   * April 1, 2016, at 5:00 p.m. (prevailing Central Time)
("General Bar Date") as the deadline all types of claims against
the Debtor arising or deemed to have arisen before the Petition
Date, including claims for goods received by the Debtor during the
20 days preceding the Petition Date for which claim the holder
wishes to assert an entitlement to a priority administrative
expense under section 503(b)(9) of the Bankruptcy Code.

  * the later of (a) the General Bar Date and (b) 5:00 p.m.
(prevailing Central Time) on the date that is 30 days after the
date of the entry of any order authorizing the rejection of a
contract or lease, as the deadline to file claims relating to the
rejection of an executory contract or unexpired lease.

  * July 18, 2016, at 5:00 p.m. (prevailing Central Time) as the
deadline for each governmental unit holding a claim against
the Debtor (whether secured or unsecured priority or non-priority)
that arose prior to the Petition Date

  * On or before the later of (a) the General Bar Date and (b) 5:00
p.m. (prevailing Central Time) on the date that is 30 days after
receiving notice of the amendment to the Debtor's Schedules, as the
deadline for Any person or entity that is served with a notice from
the Debtor that the Debtor has amended its Schedules of Assets and
Liabilities and/or its Statement of Financial Affairs (the
"Schedules") in a way that serves to reduce, delete, or change the
amount, priority, classification, or other status of such holder's
claim and that wishes to assert a claim that varies from the
amended Schedules as to amount, priority, classification, or other
characteristics to file a proof of claim.

Each Proof of Claim, including supporting documentation, must be
filed so that Prime Clerk actually receives the Proof of Claim on
or before the applicable Bar Date by either (i) electronically
using the interface available on Prime Clerk's Web site at
https://cases.primeclerk.com/capitollakes/EPOC-Index or (ii) by
U.S. Mail or other hand-delivery system, which Proof of Claim must
include an original signature, at the following address:

         Capitol Lakes, Inc. Claims Processing Center
         c/o Prime Clerk LLC
         830 3rd Avenue, 3rd Floor
         New York, New York 10022

Proofs of Claim submitted by facsimile or electronic mail will not
be accepted.

                        About Capitol Lakes

Capitol Lakes Inc. owns and operates a continuing care retirement
community ("CCRC") located in Madison, Wisconsin.  The CCRC is
comprised of: (i) an urban high rise containing 105 independent
living units (the "Heights"), (ii) an apartment building
containing
52 additional independent living units (the "Main Gate"), (iii) an
assisted living residential facility containing 43 assisted living
units (the "Terraces"), of which 39 are single occupancy and 4 are
available for double occupancy, (iv) a skilled nursing facility
with 85 active skilled nursing beds licensed by the Wisconsin
Department of Health and Family Services and certified to
participate in the Medicare and Medicaid programs (the "Health
Center"), all located on a site of approximately 3.814 acres of
land owned by Capitol Lakes located in the heart of downtown
Madison, Wisconsin.

On Jan. 20, 2016, Capitol Lakes filed a Chapter 11 bankruptcy
petition (Bankr. W.D. Wisc. Case No. 16-10158).  The case is
assigned to Judge Robert D. Martin.

As of Dec. 31, 2015, on a book value basis, Capitol Lakes has
$57.6
million in assets and $104.2 million in liabilities.

The Debtor has tapped DLA Piper LLP as its legal counsel, and Cain
Brothers & Company LLC as its financial advisor.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  They are Margaret
Barker, John Burkhalter, Geri Dickson, Sally Drew, Patrick J.
Holzem, Judith Snyderman and M. Crawford Young.  Murphy Desmond
S.C. represents the committee.


CENTERPOINT ENERGY: Fitch Affirms 'BB+' Jr. Sub Debentures Rating
-----------------------------------------------------------------
Fitch Ratings has affirmed the Long-term Issuer Default Rating
(IDR) of CenterPoint Energy, Inc. (CNP) at 'BBB'. Fitch has also
affirmed the Long-term IDRs of CNP's subsidiaries CenterPoint
Energy Houston Electric, LLC (CEHE) and CenterPoint Energy
Resources Corp. (CERC) at 'BBB+' and 'BBB', respectively. The
Rating Outlook for all three companies is Stable. Approximately $6
billion of debt obligations are affected.

KEY RATING DRIVERS

CenterPoint Energy, Inc. (CNP)
-- Enable impact manageable but requires continued financial
    discipline;
-- Pending strategic reviews could alter credit profile;
-- Regulated operations drive performance;
-- Consistent credit metrics.

CenterPoint Energy Houston Electric, LLC (CEHE)
-- Low risk T&D business;
-- Sizeable capital spending;
-- Healthy credit metrics.

CenterPoint Energy Resources Corp. (CERC)
-- Stable gas operations;
-- Rating constrained by Enable.

Key Rating Drivers for CNP

-- Manageable Enable Exposure; Continued Financial Discipline
    Required.

Fitch believes that CNP's financial exposure from its investment in
Enable Midstream Partners L.P. (Enable 'BBB-'/Stable Outlook) is
manageable currently. CNP's recent investment in Enable's $363
million preferred securities is consistent with Fitch's expectation
that CNP would support Enable during times of financial stress,
such as the current period of constrained capital markets access
for all Master Limited Partnerships. Nevertheless, Fitch would like
the extent of support to be limited and would continuously assess
such support in conjunction with CNP's own financial leverage and
credit metrics.

CNP currently has adequate headroom in its credit metrics to
provide a reasonable amount of financial support to Enable. Over
the next five years, excluding effects of securitization bonds at
CEHE and consolidating proportionately Enable's financials, Fitch
estimates that CNP will produce funds from operations (FFO) fixed
charge coverage, on average, of 4.3x and debt to operating EBITDAR
of 4.2x. These metrics remain in line with its rating category and
are consistent with its predominantly regulated business profile.

The capex reduction at its utilities and the cash and marketable
securities balance are expected to partially mitigate the needs for
material debt financing resulting from reduced distributions and
near-term capital calls from Enable if necessary. CNP recently cut
the utility capex for 2016 - 2019 by approximately $800 million
from a previous guidance aiming to better align spending with
earnings growth. Additionally, Fitch believes that management is
committed to maintaining its credit quality and will issue equity
when needed.

However, should Enable's credit profile further deteriorate, Fitch
would evaluate the extent of parental support required against the
need for CNP to maintain its credit ratings.

Credit Profile Evolving

Fitch views favorably CNP's ongoing review of its investment in
Enable. A sale or spinoff could potentially improve CNP's business
risk profile, should the remaining entity be comprised almost
entirely of regulated utility operations. CNP's ratings in such a
scenario would be assessed based on a significantly improved risk
profile and its ability to reduce debt to offset the loss of
earnings and cash flows from Enable.

CNP also announced recently that it is exploring the possibility of
a REIT structure for part or all of its electric utility business.
Fitch would generally view the REIT structure as negative to the
existing bondholders given the reduced financial flexibility. This
is due to the requirement to distribute at least 90% of net income
to shareholders to maintain the REIT status, continuous reliance on
capital markets to fund growth capex and distribution, and
uncertainty regarding regulatory treatment of such structure and
tax benefits.

Regulated Operations Drive Performance

CNP's ratings and Outlook are primarily supported by stable
earnings and cash flow at its regulated electric and natural gas
utility operations. In 2015, 77% of consolidated operating income
was derived from regulated utilities. CERC's natural gas
distribution operations benefit from geographic diversity and
various supportive recovery mechanisms. CEHE's electric
transmission and distribution (T&D) operations in Texas have low
operating risks. Mechanisms such as the Transmission Cost of
Service (TCOS) and Distribution Cost Recovery Factor (DCRF) allow
frequent recovery without rate case filings and provide a better
opportunity for CEHE to earn its authorized returns. Despite job
loss in the energy sector, customer growth continues to be healthy
due to the improving diversity of the local economy in the Houston
area.

Key Rating Drivers for CEHE

Downsized Capital Spending

Management has recently reduced CEHE's capex plan by approximately
$400 million over 2016 - 2019. Despite the cut, CEHE's capex
remains elevated. The utility plans to invest approximately $790
million annually over the next three years and nearly $700 million
each in 2019 and 2020, comparing to an annual run rate of ~$600
million before 2014. Fitch expects CEHE to reduce upstream dividend
to CNP during this period.

Stable Customer Growth

CEHE's service territory has historically delivered strong
population and economic growth relative to national averages.
Despite the struggling energy sector, the unemployment rate in
Texas was 4.7% in December 2015, slightly below the national
average of 5%. Driven by a more diversified economy and job
additions in non-energy sectors, customer growth in CEHE's service
territory was a robust 2% in 2015.

Credit Metrics Well Positioned

Fitch expects CEHE's credit metrics to weaken modestly primarily
due to the sizeable capex program, but remain well positioned for
its rating level in the next several years. Fitch forecasts CEHE's
FFO fixed charge coverage to average 5.3x and debt to operating
EBITDAR to average 3.2x from 2016 to 2020.

Low Risk T&D Business

CEHE's ratings and Stable Outlook reflect the low business risk of
its regulated electric transmission and distribution operations in
Texas. Fitch considers the regulatory environment in Texas to be
improving and reasonably supportive to CEHE's credit profile and
CEHE has the ability to earn a return on its transmission and
distribution investments without filing rate cases.

Key Rating Drivers for CERC

Midstream Investment A Constraint

Before and after Enable was formed, Fitch had equalized CERC's IDR
and its senior unsecured ratings due to its investments in the
midstream business. If a sale or a spinoff of Enable investment is
executed and if CERC is comprised of almost entirely regulated
utility operations, its senior unsecured ratings could receive a
one-notch uplift from its IDR, according to Fitch's notching
criteria for regulated utility operating companies. Fitch would
view a sale or spinoff of Enable to likely improve CERC's business
risk profile; however, CERC's pro-forma ratings in this scenario
would be determined by its ability to pay down debt and the
ultimate capital structure.

Stable Utility Earnings

CERC's IDR and Outlook incorporate Fitch's expectations that the
company will continue to derive the majority of its earnings and
cash flows from regulated natural gas distribution operations.
CERC's gas operations benefit from diversified service territories
and overall supportive recovery mechanisms such as decoupling,
weather normalization and the Gas Reliability Infrastructure
Program in Texas.

RATING SENSITIVITIES

CNP:

Positive:

-- Positive rating actions appear unlikely in the foreseeable
    future given the struggling midstream segment. In addition,
    the pending strategic reviews around Enable and a REIT
    structure for CEHE could have mixed impact on the consolidated

    credit profile. Nevertheless, in the event that an external
    sale or spinoff of Enable investment is executed and the
    remaining entity would contain almost entirely regulated
    utility operations, depending on the final capital structure,
    a positive rating action may be considered.

Negative:

-- Substantial increase in leverage to provide financial support
    to Enable;
-- If debt to operating EBITDAR exceeds 4.5x and/or FFO fixed
    charge coverage is less than 4x on a sustained basis.

CEHE:

Positive:

-- An upgrade is unlikely absent an upgrade at CNP since Fitch
    intends to maintain a one-notch IDR differential between CEHE
    and CNP.

Negative:

-- If the regulatory environment becomes contentious such that it

    is unable to receive timely and reasonable recovery in rates;
-- If debt to operating EBITDAR exceeds 4.2x and/or FFO fixed
    charge coverage is less than 4x on a sustained basis.

CERC:

Positive:

-- Positive rating actions appear unlikely given the struggling
    midstream segment. Nevertheless, in the event that a sale or
    spinoff of Enable investment is executed and that the
    remaining entity would be comprised almost entirely of
    regulated utility operations, depending on the final capital
    structure, a positive rating action may be considered;
-- Senior unsecured debt rating could receive one-notch uplift
    from IDR if a sale or spinoff of Enable investment is executed

    such that pro-forma CERC becomes almost fully regulated.

Negative:

-- Ratings will be negatively impacted if the regulatory
    construct governing the gas distribution subsidiaries becomes
    unfavorable;
-- Debt to operating EBITDAR exceeds 4.5x on a sustained basis
    and/or FFO fixed charge coverage is less than 4x on a
    sustained basis.

KEY ASSUMPTIONS

-- CEHE's capex averages approximately $750 million per year and
    $450 million per year for CERC's gas utilities;
-- CEHE's TCOS and DCRF mechanisms are available and result in an

    average annual rate relief of approximately $60 million;
-- Combining rate cases and annual mechanisms, gas operations
    rate relief averages approximately $50 million per year;
-- Annual customer growth at CEHE of approximately 1.8% - 2% and
    0.8% - 1% at CERC;
-- A modest amount of equity issuance;
-- No additional equity support for Enable (except for modest
    amount of reductions of Enable's distribution to CNP);
-- Maintain existing organizational structure.

Fitch affirms the following ratings:

CenterPoint Energy, Inc.
-- Long-term IDR at 'BBB';
-- Senior unsecured notes and pollution control revenue bonds at
    'BBB';
-- Secured pollution control revenue bonds at 'A';
-- Junior Subordinated Debenture (ZENS) at 'BB+';
-- Short-term IDR/Commercial paper at 'F2'.

CenterPoint Energy Houston Electric, LLC
-- Long-term IDR at 'BBB+';
-- First mortgage bonds at 'A';
-- General mortgage bonds at 'A';
-- Unsecured credit facility at 'A-';
-- Short-term IDR at 'F2'.

CenterPoint Energy Resources Corp.
-- Long-term IDR at 'BBB';
-- Long-term senior unsecured notes at 'BBB';
-- Short-term IDR/Commercial paper at 'F2'.

The Rating Outlooks are Stable.


CENTRAL BEEF: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                     Case No.
      ------                                     --------
      Central Beef Ind., LLC                     16-02366
         dba Chernin Beef Industries  
      601 Bayshore Blvd., #700
      Tampa, FL 33606
   
      5C of Central Florida, LLLP                16-02368

      CBI Management/Administration, LLC         16-02370

Type of Business: Purchaser of Cattle

Chapter 11 Petition Date: March 21, 2016

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Judge: Hon. Catherine Peek McEwen

Debtors' Counsel: Harley E Riedel, Esq.
                  STICHTER, RIEDEL, BLAIN & POSTLER, P.A.
                  110 East Madison Street, Suite 200
                  Tampa, FL 33602
                  Tel: (813) 229-0144
                  Email: hriedel.ecf@srbp.com

                    - and -

                  Susan H Sharp, Esq.
                  STICHTER, RIEDEL, BLAIN & POSTLER, P.A.
                  110 E Madison Street, Suite 200
                  Tampa, FL 33602
                  Tel: 813-229-0144
                  Fax: 813-229-1811
                  Email: ssharp.ecf@srbp.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Ida Raye Chernin, manager.

List of Central Beef Ind.'s 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Fidelity Paper & Supply Corp.                           $136,309
P.O. Box 376
East Hanover, NJ 07936

USDA Food Safety & Inspections                           $96,886

Hillshire Brands                                         $61,871

QVest                                                    $45,128

Rochester Midland Corp.                                  $38,686

USDA Grading and Verification Division                   $35,350

Silliker, Inc.                                           $31,541

Marten Transport Services, Ltd.                          $30,889

Americold Logistics, LLC                                 $27,985

Motion Industries, Inc.                                  $25,813

Airgas Dry Ice                                           $24,148

Bemis Company, Inc.                                      $23,791

Time Definite Services, Inc.                             $23,225

Suburban Propane                                         $21,430

Industry Insights & Solutions                            $20,000

CLC Transporting, Inc.                                   $19,680

G&K Services                                             $17,426

Stauffer Glove & Safety                                  $16,718

Spiritas Foods                                           $15,354

R.A. Jones & Co.                                         $15,165


CLARKE REAL ESTATE: Court Dismisses Chapter 11 Case
---------------------------------------------------
Judge Ashely M. Chan in early March entered a judgment order
dismissing the Chapter 11 case of Clarke Real Estate Development,
LLC.

Judge Chan ordered that judgment in accordance with FRBP 9021 is
entered in favor of the United States Trustee against the Debtor(s)
in the principal sum of $650 being the minimum amount of the
accrued but unpaid fees due to the U.S. Trustee pursuant to 28
U.S.C. Sec. 1930(a)(6).

On Jan. 28, 2016, the U.S. Trustee filed a motion asking the Court
to enter an order converting the Chapter 7 case, or in the
alternative, dismissing the case.  According to U.S. Trustee:

  * The Debtor has failed to file all operating reports.

  * The Debtor has failed to pay all quarterly fees owed pursuant
to 28 U.S.C. Sec. 1930.

  * The Debtor appears to be unable to effectuate a plan of
reorganization.

On Jan. 19, 2016, the Debtor filed a proposed reorganization plan
that contemplates the resumption of the construction of its luxury
townhouse project.  The construction of the Properties will resume
with an injection of $1,500,000 in capital from DIP Lending LLC.
Unsecured creditors owed $360,000 will split $100,000 (for a 27.78%
recovery) to be paid through 15 payments of $6,667 and a final
payment of $6,667 to commence on the first of the month following
the sale of 1331 Bainbridge, 1333 Bainbridge, 1228 Kater, and 1230
Kater and running consecutively thereafter.

                     About Clarke Real Estate

Clarke Real Estate Development, LLC, is the developer of a luxury
Parke Place townhouse project in the 1300 block of Bainbridge
Street in Philadelphia, Pennsylvania.  The Company filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Pa. Case No.
15-16299) on Sept. 1, 2015.  Judge Ashely M. Chan presides over the
Chapter 11 bankruptcy case.   The Debtor estimated assets and debt
of $10 million to $50 million.


D.J. SIMMONS: Court Approves Joint Administration of Cases
----------------------------------------------------------
D.J. Simmons Company Limited Partnership sought and obtained from
the U.S. Bankruptcy Court for the District of Colorado an order
authorizing the joint administration of its case with the pending
Chapter 11 of affiliated debtors, D.J. Simmons, Inc. and Kimbeto
Resources, LLC.

The Court ordered that the lowest-numbered case, Case No.
16-11763-JGR, will serve as the "lead case".  If the cases were not
previously assigned and/or reassigned to the Honorable Joseph G.
Rosania, Jr., Bankruptcy Judge, the Clerk of the Court will
promptly do so, so these cases all bear the initials, JGR,
following the case number.  Thereafter, if appropriate, the Clerk
will adjust the assignment of cases accordingly.

In seeking joint administration, Ethan J. Birnberg, Esq., at
Lindquist & Vennum LLP, explains that the Debtors are three
affiliated entities, as that term is defined under 11 U.S.C Sec.
101(2).  DJS Co. LP is a limited partnership, whose general partner
is DJS, Inc.  DJS Co. LP's primary assets include property,
equipment, and leases related to its operations and sale of oil and
gas.  DJS, Inc. is a Delaware corporation whose directors and
stockholders also are Debtor's limited partners.  Kimbeto is a
limited liability company whose managing member is DJS Co. LP.

Mr. Birnberg avers that joint administration would promote
efficiency and economy in the administration of the three
bankruptcy estates and will aid in expediting the administration of
the cases while rendering the process less costly.  The Debtors'
reorganization efforts will be intertwined due to their related
operations, and these efforts should be combined into a "lead
case."

                        About D.J. Simmons

Farmington, New Mexico-based D.J. Simmons Inc. --
http://www.djsimmons.com/-- is an independent oil and gas
exploration and production company.  D.J. Simmons Company Limited
Partnership, Kimbeto Resources, LLC and D.J. Simmons, Inc. filed
separate Chapter 11 petitions (Bankr. D. Colo. Case Nos. 16-11763,
16-11765 and 16-11767) on March 1, 2016.  The cases are jointly
administered under Lead Case No. 16-11763.

The petitions were signed by John Byrom, president of D.J. Simmons,
Inc.  D.J. Simmons Company disclosed $9.94 million in total assets
and $12.85 million in total liabilities.  Kimbeto Resources
disclosed $976,190 in total assets and $9.81 million in total
liabilities.  Ethan Birnberg, Esq., at Lindquist & Vennum LLP,
serves as the Debtors' counsel.  


D.J. SIMMONS: Hires Lindquist & Vennum as Counsel
-------------------------------------------------
D.J. Simmons Company Limited Partnership seeks authorization from
the U.S. Bankruptcy Court for the District of Colorado to employ
Lindquist & Vennum, LLP as counsel, nunc pro tunc to the March 1,
2016 petition date.

The Debtor requires Lindquist & Vennum to:

   (a) assist in the preparation of the Debtor's schedules and
       statement of financial affairs and other pleadings
       necessary to file and maintain the Chapter 11 case;

   (b) assist in the preparation of motions and documents related
       to post-petition financing and the sale of assets under
       sections 363 and 364 of the Bankruptcy Code;

   (c) assist in the preparation of the Debtor's reorganization
       plan and the disclosure statement;

   (d) prepare on behalf of the Debtor all necessary applications,

       complaints, objections, answers, motions, orders, reports,
       and other pleadings and documents;

   (e) represent the Debtor in adversary proceedings and contested

       matters related to Debtor's bankruptcy case;

   (f) provide legal advice with respect to the Debtor's rights,
       powers obligations and duties as Chapter 11 debtors in
       possession in the continuing operation of the Debtor's
       business and the administration of the estate; and

   (g) provide any other legal services for the Debtor as
       necessary and appropriate for the administration of the
       Debtor's estate.

Lindquist & Vennum will be paid at these hourly rates:

       John C. Smiley               $575
       Harold G. Morris, Jr.        $510
       Ethan J. Birnberg            $330
       Brandi M. Pruett             $195
       Jessica Groskopf             $150

Lindquist & Vennum will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Ethan J. Birnberg, partner of Lindquist & Vennum, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Lindquist & Vennum can be reached at:

       Ethan J. Birnberg
       LINDQUIST & VENNUM LLP
       600 17th Street, Suite 1800 South
       Denver, CO, 80202-5441
       Tel: (303) 573-5900
       Fax: (303) 573-1956
       E-mail: ebirnberg@lindquist.com

D.J. Simmons Inc. -- http://www.djsimmons.com/-- is an independent
oil and gas exploration and production company.  Farmington, New
Mexico-based D.J. Simmons Company Limited Partnership, Kimbeto
Resources, LLC and D.J. Simmons, Inc. filed separate Chapter 11
petitions (Bankr. D. Colo. Case Nos. 16-11763, 16-11765 and
16-11767) on March 1, 2016.  The cases are jointly administered
under Lead Case No. 16-11763.

The petitions were signed by John Byrom, president of D.J. Simmons,
Inc.  D.J. Simmons Company disclosed $9.94 million in total assets
and $12.85 million in total liabilities.  Kimbeto Resources
disclosed $976,190 in total assets and $9.81 million in total
liabilities.  Ethan Birnberg, Esq., at Lindquist & Vennum LLP,
serves as the Debtors' counsel.  


D.J. SIMMONS: Sec. 341 Meeting Scheduled for April 6
----------------------------------------------------
There's a meeting of creditors of D.J. Simmons Company Limited
Partnership, et al., under 11 U.S.C. Sec. 341(a) on April 6, 2016,
at 09:30 a.m.

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

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

                        About D.J. Simmons

Farmington, New Mexico-based D.J. Simmons Inc. --
http://www.djsimmons.com/-- is an independent oil and gas
exploration and production company.  D.J. Simmons Company Limited
Partnership, Kimbeto Resources, LLC and D.J. Simmons, Inc. filed
separate Chapter 11 petitions (Bankr. D. Colo. Case Nos. 16-11763,
16-11765 and 16-11767) on March 1, 2016.  The cases are jointly
administered under Lead Case No. 16-11763.

The petitions were signed by John Byrom, president of D.J. Simmons,
Inc.  D.J. Simmons Company disclosed $9.94 million in total assets
and $12.85 million in total liabilities.  Kimbeto Resources
disclosed $976,190 in total assets and $9.81 million in total
liabilities.  Ethan Birnberg, Esq., at Lindquist & Vennum LLP,
serves as the Debtors' counsel.


DUCOMMUN INC: S&P Affirms 'B+' CCR Then Withdraws Rating
--------------------------------------------------------
Standard & Poor's Ratings Services said that it has affirmed all of
its ratings on U.S. aerospace and defense supplier Ducommun Inc.,
including S&P's 'B+' corporate credit rating.  The outlook remains
positive.

Subsequently, S&P withdrew all of its ratings on Ducommun at the
issuer's request.



EDGEWELL PERSONAL: S&P Revises Outlook to Neg. & Affirms 'BB+' CCR
------------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on St.
Louis, Mo.-based Edgewell Personal Care to negative from stable. At
the same time, S&P affirmed all of its ratings on the company,
including its 'BB+' corporate credit and senior unsecured note
ratings.  Debt outstanding as of Dec. 31, 2015, was $1.86 billion.

S&P's recovery ratings on the senior unsecured notes are unchanged
at '3', indicating S&P's view that creditors could expect
meaningful recovery (at the high end of the 50% to 70% range) in
the event of a payment default.

"The outlook revision to negative from stable reflects Edgewell's
weaker-than-expected profitability and credit ratios," said
Standard & Poor's credit analyst Gerald Phelan.  "We attribute
these to disruptions following its separation from the Energizer
battery business, increased promotional activity, and currency
headwinds, all of which contributed to lower sales."

Standard & Poor's estimates debt to EBITDA is presently between
3.25x-3.50x and funds from operations (FFO) to debt is about 20%,
compared to S&P's prior expectation for low- to mid-2x debt to
EBITDA and 30%-35% FFO to debt.  S&P's revised forecast assumes
Edgewell will reduce debt to EBITDA to 3x due to improved
profitability over the balance of fiscal 2016 and higher cash flow
generation as certain one-time costs associated with the Energizer
separation do not repeat.  However, the company still faces
near-term operating risks, including tough competition, currency
headwinds, and ongoing manufacturing and distribution footprint
changes, which could hamper operating performance and delay
anticipated debt repayment.  In addition, future debt-financed
acquisitions could also delay leverage reduction, and S&P could
lower the ratings over the next year if the company sustains debt
to EBITDA near 3.5x.

The negative outlook reflects the potential for a lower rating over
the next year if free cash flow deteriorates below S&P's forecast
and debt to EBITDA is sustained near 3.5x, which could result from
operational realignment missteps, intense competition, or continued
macroeconomic hurdles, including unfavorable currency movements.
S&P could also lower the ratings if the company transacts material
share buybacks or acquisitions over the next year.

S&P could revise the outlook to stable over the next year if the
company successfully implements its footprint realignment
initiatives and encounters no further disruptions related to the
battery separation, repays debt over the remainder of fiscal 2016,
and improves credit ratios such that S&P believes debt to EBITDA
will be sustained comfortably below 3x.  This could result if the
company achieves S&P's base-case forecast, which includes
about-flat EBITDA performance over the remainder of 2016 and over
$200 million adjusted debt reduction compared to Dec. 31, 2015.


EIDOS LLC: Court Approves Joint Administration Cases
----------------------------------------------------
At the behest of Eidos LLC, U.S. Bankruptcy Judge Brian F. Kenney
directed that the seven Chapter 11 cases are consolidated for
procedural purposes only and will be jointly administered by the
Court.  The lead case is Eidos, LLC, Case No. 16-10385-BFK.  One
consolidated docket, one file and one consolidated service list
will be maintained by the Debtors and kept by the Clerk of the
United States Bankruptcy Court for the Eastern District of
Virginia.

                         About Eidos, LLC

Eidos LLC and six affiliated debtors each filed a Chapter 11
bankruptcy petition (Bankr. E.D. Va. Lead Case No. 16-10385-BFK) on
Feb. 4, 2016.  The cases are assigned to Judge Brian F. Kenney.  

The Debtors have tapped Odin, Feldman & Pittleman P.C. as their
legal counsel.  

Eidos LLC estimated assets of $100 million to $500 million and debt
of $50 million to $100 million.


EIDOS LLC: Sec. 341 Meeting Scheduled for April 18
--------------------------------------------------
A meeting of creditors of Eidos LLC, et al., under 11 U.S.C. Sec.
341(a) on April 18, 2016 at 10:00 a.m. at the Office of the U.S.
Trustee (Chapter 11), 115 South Union Street, Suite 208,
Alexandria, Virginia.

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

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

                         About Eidos, LLC

Eidos LLC and six affiliated debtors each filed a Chapter 11
bankruptcy petition (Bankr. E.D. Va. Lead Case No. 16-10385-BFK) on
Feb. 4, 2016.  The cases are assigned to Judge Brian F. Kenney.  

The Debtors have tapped Odin, Feldman & Pittleman P.C. as their
legal counsel.  

Eidos LLC estimated assets of $100 million to $500 million and debt
of $50 million to $100 million.


EMERALD OIL: Case Summary & 30 Largest Unsecured Creditors
----------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

      Debtor                                   Case No.
      ------                                   --------
      Emerald Oil, Inc.                        16-10704
      200 Columbus Street, Suite 500
      Denver, CO 80206

      Emerald DB, LLC                          16-10705

      Emerald NWB, LLC                         16-10706

      Emerald WB LLC                           16-10707

      EOX Marketing, LLC                       16-10708
  
Type of Business: Independent exploration and production company
                  focused on developing oil and gas wells in the
                  Williston Basin of North Dakota and Montana.

Chapter 11 Petition Date: March 22, 2016

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Debtors'          James H.M. Sprayregen, P.C.
General           Ryan Blaine Bennett, Esq.
Bankruptcy        Travis M. Bayer, Esq.
Counsel:          KIRKLAND & ELLIS LLP
                  KIRKLAND & ELLIS INTERNATIONAL LLP
                  300 North LaSalle
                  Chicago, IL 60654
                  Tel: (312) 862-2000
                  Fax: (312) 862-2200
                  Email: james.sprayregen@kirkland.com
                         ryan.bennett@kirkland.com
                         travis.bayer@kirkland.com

Debtors'          Laura Davis Jones, Esq.
Local Counsel     Colin R. Robinson, Esq.
                  Joseph M. Mulvihill, Esq.
                  PACHULSKI STANG ZIEHL & JONES LLP
                  919 N. Market Street, 17th Floor
                  Wilmington, DE 19801
                  Tel: 302 652-4100
                  Fax: 302-652-4400
                  Email: ljones@pszjlaw.com
                  crobinson@pszjlaw.com
                  jmulvihill@pszjlaw.com

Debtors'          INTREPID FINANCIAL PARTNERS, LLC
Investment
Banker:

Debtors'          OPPORTUNE LLP
Restructuring
Advisor:

Debtors'          DONLIN RECANO & COMPANY, INC.
Claims and        Re: Emerald Oil, Inc., et al.
Noticing          P.O. Box 899
Agent:            Madison Square Station
                  New York, NY 10010
                  Toll Free: (877) 208-9515

Total Assets: $405.44 million as of Sept. 30, 2015

Total Debts: $361.08 million as of Sept. 30, 2015

The petition was signed by Ryan Smith, authorized signatory.

List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
U.S. Bank National Association           Bond       $148,500,000
5555 San Felipe Street, Suite 1150
Houston, TX 77056
Attn: Mauri J. Cowen
Vice President
Tel: 713-235-9206
Fax: 713-235-9213
Email: mauri.cowen@usbank.com

Liberty Oilfield Services LLC         Trade Debt      $5,061,890
950 17th Street, Suite #2000
Denver, CO 80202
Attn: Chris Wright
Tel: 303-515-2800
Fax: 303-515-2880
Email: chris.wright@libertyfrac.com

West Dakota Water South LLC           Trade Debt      $3,526,059
1505 N Miller, Suite 260
Wenatchee, WA 98801
Attn: Joey Dale
Tel: 509-423-7494
Email: joeyd@jmacresurces.com

Dakota Fluid Solutions                Trade Debt      $2,897,585
1400 Wewatta Street
Denver, CO 80202
Attn: Tim Reynolds
Tel: 720-773-5100
Email: tim@dakota-midstream.com

Select Energy Services LLC             Trade Debt     $2,617,826
1400 Post Oak Blvd., Suite 400
Houston, TX 77056
Attn: John D. Schmitz
Tel: 713-296-1000
Fax: 713-296-1099
Email: info@selectenergyservices.com

Stoneham Drilling Corporation          Trade Debt     $2,219,279
707 17th Street, Suite 32
Denver, CO 80202
Attn: Darcy Reinboldt
Tel: 720-354-3650
Email: sales@stonehamdrilling.com

Cache Trucking LLC                     Trade Debt     $1,472,453
430 6th Avenue
West Williston, ND 58801
Attn: John Isom
Tel: 701-572-7765
Fax: 435-258-2624

FTS International Inc.                 Trade Debt      $1,204,291
Lockbox 970490
Dallas, TX 75397
Attn: Lance Turner
Tel: 817-850-1008
Fax: 817-850-1019
Email: sales@ftsi.com

Dakota Midstream LLC                   Trade Debt      $1,131,966
1400 Wewatta Street
Denver, CO 80202
Attn: Tim Reynolds
Tel: 720-773-5100
Email: tim@dakota-midstream.com

Power Service Inc.                     Trade Debt      $1,088,966
5625 Chapman Place
Casper, WY 82604
Attn: Tony Cercy
Tel: 307-472-7722
Fax: 307-472-7726
Email: sales@powerserviceinc.com

Dakota Energy Connections LLC          Trade Debt      $1,077,439
1400 Wewatta Street
Denver, CO 80202
Attn: Tim Reynolds
Tel: 720-773-5100
Email: tim@dakota-midstream.com

Quinn Pumps North Dakota, Inc.         Trade Debt        $931,463
175 48th Ave. SW
Dickinson, ND 58601
Attn: Jon Anderson
Tel: 701-628-4003
Email: maneet.sidhu.ge.com

Plum Coulee Enterprises LLC            Trade Debt        $928,565
14274 19th Street
NW Alexander, ND 58831
Attn: Bruce Conway
Tel: 701-770-2221
Email: chadpsutton.msn.com

Whiting Oil & Gas Corp                 Trade Debt        $885,334
1700 Broadway, Suite 2300
Denver, CO 80290-2300
Attn: James J. Volker
Tel: 303-837-1661
Fax: 303-831-4023
Email: jim@whiting.com

FMC Technologies Completion            Trade Debt        $804,027
Services Inc.
5875 N. Sam Houston Pkwy.
W. Houston, TX 77086
Attn: John Gremp
Tel: 281-591-4000
Fax: 281-591-4192
Email: john.gremp@fmcti.com

Irongate Rental Services LLC            Trade Debt       $736,310
19500 State Highway 249, Suite 600
Houston, TX 77070 USA
Attn: Terry Keane
Tel: 832-678-8585
Fax: 832-678-8586
Email: terry.keane@irongatees.com

Three Bros Trucking LLC                 Trade Debt       $541,964
1800 E 752 Rd
Humansville, MO 65674
Attn: Thomas Bateman
Tel: 417-809-8538
Fax: 417-276-0264

Baker Hughes Business Support           Trade Debt       $501,277
Services
2929 Allen Parkway, Suite 2100
Houston, TX 77019-2118
Attn: Martin Craighead
Tel: 713-439-8600
Fax: 713-439-8699
Email: martin.craighead@bakerhughes.com

Lufkin Industries, LLC                  Trade Debt       $495,883
601 South Raguet
Lufkin, TX 75902-0849
Attn: John F. Glick
Tel: 936-634-2211
Fax: 936-637-5272
Email: Maneet.sidhu.ge.com

Standard Solutions LLC                  Trade Debt       $447,428
1588 Hwy 126
Jonesville, LA 71343
Attn: Braun Brown
Tel: 318-339-7130
Fax: 318-339-4186

Coil Tubing Partners LLC                Trade Debt       $458,929
2014 W Pinhook Road, Suite #200
Lafayette, LA 70508
Attn: Glenn J. Ritter
Tel: 337-269-6000
Fax: 337-269-2008

Core Services Inc.                      Trade Debt       $448,193
14439 Commerce Park BL
Williston, ND 58801
Attn: Cory Jones
Tel: 701-572-8280
Fax: 505-433-6401

Western Exploration & Road              Trade Debt       $434,269
Construction
3401 Quebec St, Suite 9105
Denver, CO 80207
Attn: James Pate
Tel: 720-377-3336
Fax: 720-377-9464

McJunkin Red Man Corporation            Trade Debt       $432,759
909 Fannin Street Suite 3100
Houston, TX 77010
Attn: Andrew R. Lane
Tel: 713-655-1005
Fax: 713-655-1477

Stellar Field Service Inc.              Trade Debt       $375,346
5307 151st Ave
NW Williston, ND 58801
Attn: Beau Barker, Abby Baker
Tel: 701-770-7211
Fax: 435-789-0958
Email: Abby.stellar@yahoo.com

USG Wheatland Pipeline, LLC             Trade Debt       $372,630
700 Universe Boulevard
Juno Beach, FL 33408
Attn: John Ketchum
Tel: 561-691-7171
Fax: 416-364-2533

McKenzie Electric Cooperative, Inc.     Trade Debt       $331,458
908 4th Aven Nepo Box 649
Watford City, ND 58854-0649
Attn: John Skurupey
Tel: 701-764-5902
Fax: 701-764-5054
Email: mec@mckenzieelectric.com

Ameritest Inc.                          Trade Debt       $273,175
905 30th Street
NW Minot, ND 58703
Attn: Joe Holash
Tel: 701-858-1718
Fax: 888-864-9055
Email: jholash@ameritest.us.com

KLX Energy Holdings LLC                 Trade Debt       $273,154
28099 Expedite Way
Chicago, IL 60695-0001
Attn: Gary J. Roberts
Tel: 832-230-5205
Fax: 832-230-4898
Email: michael.perlman@klx.com

JACAM Chemicals LLC                     Trade Debt       $272,622
205 S Broadway
Sterling, KS 67579
Attn: Pete Opsal
Tel: 620-278-3355
Fax: 620-278-2112
Email: solutions@jacam.com


ESTERLINA VINEYARDS: Owner Hits BOW Over Bid to Sell Bulk Wine
--------------------------------------------------------------
The majority owner of Esterlina Vineyards & Winery LLC has
criticized Bank of the West for seeking a bankruptcy court's
approval to sell the company's bulk wine.

In a filing with the U.S. Bankruptcy Court for the Northern
District of California, Craig Sterling criticized the bank's
statement about the need for an immediate sale of the bulk wine.

The wine is being properly cared for and it is being marketed and
sold at fair value," Mr. Sterling said.  "There is no reason to
allow [Bank of the West] to attempt another sale of an Esterlina
asset at below market, fire-sale prices."

Last month, Bank of the West filed a motion to lift the automatic
stay so that it can sell the company's bulk wine immediately.

"If the sale of the wine is delayed beyond April, the need for this
bulk wine in the market diminishes rapidly and the value will drop
precipitously," said the bank, which asserts liens on all of
Esterlina's bulk and bottled wine.

According to Mr. Sterling, Esterlina is months away from a final
sale of the winery and it is possible that a buyer will want some
of the bulk wine.

"Even if a winery buyer wants none of the bulk wine, given that
Esterlina is currently marketing the bulk wines available to be
sold and has been successful in selling wines to date, it is
unclear why [Bank of the West] is claiming an emergency," Mr.
Sterling said.

According to Mr. Sterling, just two months after Esterlina won
court approval to sell the bulk wine on Dec. 10 last year, the
company was able to sell 5 lots of bulk wine to four wineries that
generated over $136,000.

Earlier this year, the court denied another bid by Bank of the West
to lift the automatic stay with respect to a property, commonly
known as the Cole Ranch, located along 4501 Boonville Road, Ukiah,
California.

The motion was denied on condition that the price for the Everett
Ridge Winery property and vineyard be lowered for sale to $5.9
million, court filings show.

               About Esterlina Vineyards & Winery

Esterlina Vineyards & Winery, LLC, owns and operates a winery.  The
winery grows its own grapes, processes grapes, bottles and sells
wine.

Esterlina Vineyards sought Chapter 11 protection (Bankr. N.D. Cal.
Case No. 15-10841) on Aug. 12, 2015, to stop a foreclosure sale
slated the day before the filing.  Eric Sterling, the president,
signed the petition.  

The Debtor disclosed total assets of $12,759,291 and total
liabilities of $8,288,420.  The primary secured creditor is Bank of
the West.

The Law Offices of Provencher & Flatt LLP serves as the Debtor's
counsel.  The case is assigned to Judge Thomas E. Carlson.


ESTERLINA VINEYARDS: Status Conference on BOW Claims Sought
-----------------------------------------------------------
Bank of the West is seeking a status conference to discuss
Esterlina Vineyards & Winery LLC's objection to the bank's claims
totaling $7.4 million.

Last month, Esterlina asked the U.S. Bankruptcy Court for the
Northern District of California to have the bank's claims against
the company disallowed.  

Esterlina alleged the bank fraudulently induced the company to
enter into the contracts that created the claims by making
intentional misrepresentations regarding the financing offered by
the bank.

"As a result, the debtor was damaged by obtaining financing from
the bank under the terms in the contracts supporting the bank's
claims," the company said in court filings.

Bank of the West defended its claims by arguing that the company's
objection is not supported with "any admissible evidence sufficient
to overcome the presumption of the prima facie validity of the
bank's proof of claim."

               About Esterlina Vineyards & Winery

Esterlina Vineyards & Winery, LLC, owns and operates a winery.  The
winery grows its own grapes, processes grapes, bottles and sells
wine.

Esterlina Vineyards sought Chapter 11 protection (Bankr. N.D. Cal.
Case No. 15-10841) on Aug. 12, 2015, to stop a foreclosure sale
slated the day before the filing.  Eric Sterling, the president,
signed the petition.  

The Debtor disclosed total assets of $12,759,291 and total
liabilities of $8,288,420.  The primary secured creditor is Bank of
the West.

The Law Offices of Provencher & Flatt LLP serves as the Debtor's
counsel.  The case is assigned to Judge Thomas E. Carlson.


FEDERAL RESOURCES: Ch. 11 Trustee Taps Durham as Bankruptcy Counsel
-------------------------------------------------------------------
Duane H. Gillman, Chapter 11 trustee for Federal Resources
Corporation and Camp Bird Colorado, Inc., asks the U.S. Bankruptcy
Court District of Utah for permission to employ Durham Jones &
Pinegar as his general bankruptcy counsel, effective as of Feb. 3,
2016.

DJP, as counsel, will, among other things:

   (1) represent the Trustee as attorneys for the estate;

   (2) assist the trustee in completing any or all duties of the
trustee as defined in the Bankruptcy Code as may be applicable to
the case; and

   (3) assist the trustee in maximizing the value of this estate.

Penrod W. Keith, a shareholder in DJP, tells the Court that DJP has
received no retainer related to services to be rendered in the
case.  DJP has received no compensation or payment from the Debtor
of trustee in the case.  DJP has not applied for reimbursement in
the case.

DJP will also be reimbursed for its out-of-pocket costs and
expenses according to its ordinary and customary reimbursement
policies.

Mr. Keith assures the Court DJP does not have any connection with
or hold or represent any interest adverse to the Debtor.

The firm can be reached at:

         Duane H. Gillman, Esq.
         Penrod W. Keith, Esq.
         DURHAM JONES & PINEGAR, P.C.
         111 East Broadway, Suite 900
         P.O. Box 4050
         Salt Lake City, UT 84110-4050
         Tel: (801) 415-3000
         Fax: (801) 415-3500
         E-mails: dgillman@djplaw.com
                  pkeith@djplaw.com

                     About Federal Resources

Federal Resources Corporation is a Nevada Corporation that was
formed in 1960 as a result of a merger between Radorock Resources,
Inc., and Federal Uranium Corporation.  Federal currently has only
two assets: (1) 100% of the stock of Camp Bird, a Colorado
corporation and (2) 100% interest in a Madawaska Mines Limited, a
Canadian corporation doing business in Ontario Canada.

Camp Bird Colorado, Inc.'s principal assets consist of patented
gold mining claims and related land located in Ouray, Colorado.
Camp Bird also is the sole owner of Camp Bird Tunnel, Mining and
Transportation Company ("CTMT"), which owns various water and
tunnel rights used and associated with the Camp Bird properties.

Madawaska Mines owns a 5l% interest in a joint venture, which
holds
the Madawaska Mine near Bancroft, Ontario.

Scott A. Butters is the President and CEO.  Bentley J. Blum is the
controlling shareholder of FRC.

Federal Resources Corporation, along with subsidiary Camp Bird
Colorado, sought Chapter 11 bankruptcy protection (Bankr. D. Utah
Case No. 14-33427 and 14-33428) in Salt Lake City on Dec. 29,
2014,
with plans to sell subsidiary Camp Bird's gold mine in Ouray,
Colorado to pay off creditors.  The petitions were signed by Scott
A. Butters, president and director.

The Debtors are represented by David E. Leta, Esq., at Snell &
Wilmer, in Salt Lake City.

Federal and Camp Bird each estimated $10 million to $50 million in
asset and debt.

The Chapter 11 cases and any associated open adversary proceedings
are assigned to Judge Kevin R. Anderson.

                    *     *     *

On March 27, 2015, the Debtors filed their joint plan of
liquidation and accompanying disclosure statement.  The Plan
contemplates the establishment of a liquidating trust and the
appointment of an independent liquidating agent to sell the
Debtors' assets.

In November 2015, the Debtors won approval for bid procedures for
Sale of Camp Bird Colorado's mining equipment.  Richard Ciardo,
the
stalking horse bidder, purchased the equipment for $87,000.

On Nov. 6, 2015, the Court entered an order extending the
exclusive
time period within which the Debtors may solicit acceptances to
their Plan pursuant to 11 U.S.C. Sec. 1121(d) up to and including
Feb. 29, 2016.

On Jan. 28, 2016, the bankruptcy judge entered an order granting
Caldera's motion for the immediate appointment of a Chapter 11
trustee in the Debtors' Chapter 11 cases.


FLOUR CITY BAGELS: Sec. 341 Meeting of Creditors Set for April 7
----------------------------------------------------------------
A meeting of creditors of Flour City Bagels, LLC under 11 U.S.C.
Sec. 341(a) is slated for on April 7, 2016, at 2:00 p.m. at
Rochester UST 341.

The deadline to file a complaint to determine dischargeability of
certain debts is June 6, 2016.

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

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

                         About Flour City

Headquartered in Fairport, New York, Flour City Bagels, LLC
operates 32 bakeries that serve "New York Style" bagels, coffee,
drinks, soups, salads, sandwiches, fresh fruit, and a variety of
other related items.  In 1993, the Debtor opened its commissary in
Rochester, at which it produces bagels for sale at all of its 32
bakeries.  The Debtor employs 425 people.

Flour City Bagels, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D.N.Y. Case No. 16-20213) on March 2,
2016, estimating both assets and debts in the range of $10 million
to $50 million.  Kevin Coyne, the manager, signed the petition.

Judge Paul R. Warren is assigned the case.

Bond, Schoeneck & King, PLLC and Buckley King serve as the Debtor's
counsel.


FOREST PARK FORT WORTH: Vibrant Objects to Forshey Employment
-------------------------------------------------------------
Vibrant Healthcare Fort Worth Holdings, LLC, Vibrant Healthcare
Fort Worth, LLC, and FPMC Services, LLC filed an objection with the
U.S. Bankruptcy Court for the Northern District of Texas,
challenging the request of Forest Park Medical Center at Fort
Worth, LLC, to hire Forshey & Prostok, LLP as its Chapter 11
attorneys.

Vibrant Healthcare asserted that the Debtor lacked the authority to
commence this chapter 11 case or file the Application pursuant to
the pertinent corporate governance provisions in the Company and
Management Agreements.  Vibrant said the Debtor's Board of Managers
did not properly authorize the commencement of this chapter 11 case
or the filing of the Application, as required by section 7.13.1 of
the Company Agreement.

In a supplemental application filed by the Debtor, it disclosed
that Ronald Winters, the CRO for the Debtor, approved and ratified
the Debtor's retention of Forshey & Prostok as bankruptcy counsel.

The Official Committee of Unsecured Creditors of Forest Park
Medical Center at Fort Worth, LLC, however, sees no reason why the
Forshey & Prostok Retention Application should not be approved.
The Committee throws in its support of the Debtor's application, as
supplemented.

Vibrant Healthcare is represented by:

       Michael J. Collins, Esq.
       BREWER, ATTORNEYS & COUNSELORS
       1717 Main Street, Suite 5900
       Dallas, TX 75201
       Tel: (214) 653-4000
       Fax: (214) 653-1015
       E-mail: mjc@brewerattorneys.com

                     About Forest Park Medical

Forest Park Medical Center at Fort Worth, LLC is a doctor-owned
Texas limited liability company that owns and operates the Forest
Park Medical Center, a state of the art medical facility, including
private rooms, family suites and intensive care rooms located in
West Fort Worth, Texas.  The hospital employs 175 persons on a
full-time or part-time basis.  The hospital offers a broad range of
surgical services.

Forest Park Medical Center at Fort Worth filed a Chapter 11
bankruptcy petition (Bankr. N.D. Tex. Case No. 16-40198) in Ft.
Worth, Texas, on Jan. 10, 2016.  Judge Russell F. Nelms presides
over the case.

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

J. Robert Forshey, Esq., and Jeff P. Prostok, Esq., at Forshey &
Prostok, LLP, serve as the Debtor's Chapter 11 counsel.  Ronald
Winters at Alvarez & Marsal Healthcare Industry Group, LLC serves
as the Debtor's CRO.  The Debtor tapped SSG Advisors, LLC and
Chiron Financial Group, Inc. as co-investment bankers.

Vibrant Healthcare Fort Worth, LLC and FPMC Services, LLC run the
Debtor's hospital in Forth Worth.  Vibrant is the manager of the
hospital operations of Debtor, and FPMC Services employs the
employees at Debtor's hospital and those dedicated to servicing the
hospital's "back office" operations.  They are represented by
William A. Brewer III, Esq., Michael J. Collins, Esq., and Robert
M. Millimet, Esq., at Brewer, Attorneys & Counselors.

An Official Committee of Unsecured Creditors has been appointed in
this case by the United States Trustee, and is represented by Cole
Schotz PC and Arent Fox, LLP lawyers.


FRONTIER STAR: Chapter 11 Trustee Taps Bryan Cave as Counsel
------------------------------------------------------------
P. Gregg Curry, Chapter 11 trustee for Frontier Star, LLC, et al.,
asks the U.S. Bankruptcy Court for the District of Arizona for
permission to employ Bryan Cave LLP as its counsel.

The hourly rates for professionals based in the United States are:

        Partners and Counsel                 $345 - $995
        Associates                           $230 - $650
        Paralegals                           $120 - $360

Bryce A. Suzuki, a partner in the law firm of Bryan Cave, tells the
Court that as of Nov. 25, 2015, the firm has received no payment of
professional fees and expenses from the trustee.  Bryan Cave has
not received any advance retainer from the trustee or any other
source in the cases.

Mr. Suzuki assures the Court that neither Bryan Cave nor any
attorney associated with Bryan Cave hold an interest or represent
an interest adverse to the Debtors' estates.   

The firm can be reached at:

        Robert J. Miller, Esq.
        Bryce A. Suzuki, Esq.
        Justin A. Sabin, Esq.
        BRYAN CAVE LLP
        Two North Central Avenue, Suite 2200
        Phoenix, AZ 85004-4406
        Tel: (602) 364-7000
        Fax: (602) 364-7070
        E-mail: rjmiller@bryancave.com
                bryce.suzuki@bryancave.com
                justin.sabin@bryancave.com

                       About Frontier Star

Guadalupe, Arizona-based Frontier Star LLC and Frontier Star CJ LLC
are large Carl's Jr. and Hardee's franchisees operated by three
grandchildren of Carl Karcher, who founded the Carl's Jr. hamburger
chain, now owned by parent company CKE Restaurants, Inc.

The grandchildren include the LeVecke siblings Carl, Margaret and
Jason, who is listed as chief executive officer/manager of both
companies.  The LeVecke siblings had more than 130 Carl's Jr. and
Hardee's franchises in seven states and Puerto Vallarta, Mexico, as
of late 2013.

Frontier Star, LLC and Frontier Star CJ, LLC filed Chapter 11
bankruptcy petitions (Bankr. D. Ariz. Lead Case No. 15-09383) on
July 27, 2015.  The petitions were signed by Jason LeVecke as
CEO/manager.  The Cavanagh Law Firm serves as counsel to the
Debtors.

On Nov. 19, 2015, P. Gregg Curry was appointed as the Debtors'
Chapter 11 trustee.

Frontier Star disclosed $71.9 million in assets and $27.3 million
in debt in its schedules.


FRONTIER STAR: Western Alliance Bank Objects to Proposed Sale
-------------------------------------------------------------
Western Alliance Bank objects to the motion filed by P. Gregg
Curry, the Chapter 11 Trustee of the bankruptcy estates of Frontier
Star, LLC, and its affiliates, seeking authority from the U.S.
Bankruptcy Court for the District of Arizona to sell substantially
all of the assets and the motion to approve bidding procedures for
the Sale.

The Bank is a secured lender and DIP lender in the bankruptcy
proceedings.

W. Scott Jenkins, Jr., Esq., at Quarles & Brady LLP, in Avenue
Phoenix, Arizona -- scott.jenkins@quarles.com -- tells the U.S.
Bankruptcy Court for the District of Arizona that the Bank files
this Objection to obtain clarity as to certain material definitions
and terms in the Bidding Procedures Motion and to expressly reserve
all of its rights, including the right to consent to the sale of
any property subject to its liens and security interests.

Mr. Jenkins says that the Bidding Procedures Motion must be more
specific as to the term "APA purchase price."  He contends that the
Trustee has not explained how the Stalking Horse bid is valued so
that there is an amount from which the Initial Overbid Amount must
be added.  The Stalking Horse bid currently includes a $40 million
cash component, but also will include the assumption by Starcorp
LLC of various claims that are administrative claims of the estate,
claims for cure amounts relating to assumed executory contracts and
unexpired leases, and certain equipment related secured claims.  He
adds that before beginning the mathematical process of evaluating
an overbid, the Trustee must use an APA purchase price that
includes both cash and the assumed liabilities from which the
Initial Overbid Amount will be compared.

The Bid Procedures do not adequately protect the interests of the
Estates to the extent there are separate bids for Hardee's and
Carl's Jr. stores, Mr. Jenkins asserts.  He notes that the Bid
Procedures, as submitted, permit a sale to separate Successful
Bidders for Hardee's and Carl's Jr. stores without the requirement
that those sales close simultaneously.  By failing to include this
requirement, he argues, the Trustee places the Bank and other
creditors at risk of a sale, which does not encompass the entire
going concern and leaves the Estates exposed to a scenario where
one buyer closes and the other does not.

Accordingly, the Bid Procedures must: (i) include a value for the
APA purchase price that includes both cash and assumed liabilities
from which to add the Initial Overbid Amount; and (ii) include
provisions to require a simultaneous closing or other provisions to
ensure that a closing occurs as to all Assets if the Successful Bid
is comprised of multiple bids, Mr. Jenkins asserts.  He says that
to the extent that any sale will include separate purchasers, the
right to any purchaser to close must be conditioned on them closing
simultaneously and the risk associated with separate sales must
weigh heavily in the determination of the highest and best bid.

The Bank asserts that any sale under Section 363(f) of the
Bankruptcy Code will require its consent and the Bank has not given
its consent to any sale at this time.  The Bank expressly reserves
all rights to withhold its consent to any sale and to object to any
proposed sale, the sale proceedings, the qualification of bidders,
qualification of overbids, determination of highest and best bids,
including the determination of the Successful Bidder, and any other
matters relating to the Sale Motion.

Western Alliance is represented by:

         W. Scott Jenkins, Jr., Esq.
         Alissa A. Brice, Esq.
         QUARLES & BRADY LLP
         Renaissance One
         Two North Central Avenue
         Phoenix, AZ 85004-2391
         Email: scott.jenkins@quarles.com
                alissa.brice@quarles.com

                       About Frontier Star

Guadalupe, Arizona-based Frontier Star LLC and Frontier Star CJ LLC
are large Carl's Jr. and Hardee's franchisees operated by three
grandchildren of Carl Karcher, who founded the Carl's Jr. hamburger
chain, now owned by parent company CKE Restaurants, Inc.

The grandchildren include the LeVecke siblings Carl, Margaret and
Jason, who is listed as chief executive officer/manager of both
companies.  The LeVecke siblings had more than 130 Carl's Jr. and
Hardee's franchises in seven states and Puerto Vallarta, Mexico, as
of late 2013.

Frontier Star, LLC and Frontier Star CJ, LLC filed Chapter 11
bankruptcy petitions (Bankr. D. Ariz. Lead Case No. 15-09383) on
July 27, 2015.  The petitions were signed by Jason LeVecke as
CEO/manager.  The Cavanagh Law Firm serves as counsel to the
Debtors.

On November 19, 2015, P. Gregg Curry was appointed as the Debtors'
Chapter 11 trustee.

Frontier Star disclosed $71.9 million in assets and $27.3 million
in debt in its schedules.


GENUTEC BUSINESS: Seeks Court Order to Close Case
-------------------------------------------------
Genutec Business Solutions Inc. asked a bankruptcy court to issue a
final decree closing its Chapter 11 case.

In a motion it filed with the U.S. Bankruptcy Court for the Central
District of California, the company said its Chapter 11 plan of
reorganization has been "substantially consummated."

The company also said in the filing that its bankruptcy case has
been "fully administered."

Genutec Business' restructuring plan was confirmed by the
bankruptcy court on August 26, 2015.  The plan was funded by the
revenues of the company's operating subsidiary.  

                About Genutec Business Solutions

Genutec Business Solutions, Inc., is a holding company, and the
parent of subsidiary Rapid Notify, Inc.  Rapid has approximately
148 active contracts with government related entities to notify
their subscribers in the event of emergencies.  58.5% of its' stock
is owned by TICC Capital Corp., an investment company that holds a
second lien on any assets, and 39.2% of the stock is owned by
Seaview Mezzanine Fund, LP which holds a first lien on any assets.

Genutec filed a Chapter 11 bankruptcy petition (Bankr. C.D. Cal.
Case No. 14-13115) in Santa Ana, Georgia, on May 16, 2014.  David
Montoya signed the petition as director.  Judge Erithe A. Smith
presides over the case.

The Debtor disclosed assets of $12,851,544 and liabilities of
$11,529,199.  

Michael R Totaro, Esq., at Totaro & Shanahan, in Pacific Palisades,
California, acts as bankruptcy counsel.  

The U.S. Trustee for Region 16 appointed three creditors to serve
on the official committee of unsecured creditors.


GEO GROUP: S&P Affirms 'BB-' CCR, Outlook Stable
------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its 'BB-'
corporate credit rating on Boca Raton, Fl.-based The GEO Group
Inc., a private corrections, detention and community reentry
facility owner and operator.  The outlook is stable.

S&P also affirmed its 'BB+' issue-level rating on the company's
senior secured debt with a recovery rating of '1', reflecting S&P's
expectation for very high (90%-100%) recovery in the event of a
payment default.  At the same time, S&P affirmed its 'BB-' issue
level rating on the senior unsecured debt with a recovery rating of
'4', reflecting its expectation for average (30% to 50%, at the low
end of the range) recovery in the event of a payment default.

Reported debt outstanding as of Dec. 31, 2015, was about $2.1
billion including $247 million in non-recourse debt.

The rating affirmation reflects S&P's view that the company will
continue to generate consistent free cash flow to fund shareholder
dividends and contract-supported capital projects.  At the same
time, S&P do not believe U.S. federal, state, and local
governments' use of private prison operators will rise above the
current level of about 10% of the total U.S. prison population over
the next few years.  S&P estimates adjusted debt to EBITDA in the
high-4x area and funds from operations (FFO) to debt in the
mid-teens in 2016 and 2017, which is in line with S&P's
expectations for the 'BB-' corporate credit rating.

S&P's business risk assessment on GEO reflects S&P's view that the
company benefits from high barriers to entry in the private
corrections industry, including significant capital spending to
build and maintain detention facilities, specialized knowledge and
competence to win contracts and manage the facilities, and a good
market position in a highly regulated industry.

"We believe GEO will be able to maintain its current market share
because of its ability to deliver higher operating efficiency
compared with public facilities and we believe there are budget
constraints at the government/agency levels that restrict them from
building new facilities," said Standard & Poor's analyst Katherine
Heng.

Nevertheless, S&P continues to believe the private corrections
market will represent only about 10% of the total corrections
market, as there is little political or public support to grow the
share of private prisons.  Over the medium to long term, potential
correctional policy changes could reduce the U.S. government's
demand for private correctional services, especially if the policy
changes are aimed at reducing budget deficits at the various levels
of government.  S&P notes that potential initiatives that propose
inmates convicted of nonviolent offenses be given a chance at early
release or allow corrections officials to award credits toward
early release based on inmates' good behavior could also lead to a
reduction in overall population in the U.S.  S&P believes these
factors could restrict organic sales growth for the next few
years.

In addition, the company will remain dependent on a concentrated
base of customers from various levels of the U.S. and state
governments.  The company's top three customers are departments of
the federal government (Bureau of Prisons, Immigration and Customs
Enforcement, and U.S. Marshal Services) that account for
approximately 45% of GEO's total revenue. International business
now represents approximately 14% of the total revenue.

S&P's stable outlook reflects its expectation that the company can
generate moderate top line and profit growth and generate
consistent free cash flow to modestly improve its credit ratios.
However, it is unlikely that federal and state governments will
increase their use of private facilities to manage inmate
populations in the near- to medium-term.  Therefore, the
probability of speculative building remains low, leading to low
organic growth.  S&P also believes debt reduction will remain
limited, given the company's high expected shareholder
distributions resulting from its REIT status.


GLOBAL ARENA: May 20 Set as Customer Claims Bar Date
----------------------------------------------------
The Hon. Robert W. Sweet of the United States District Court for
the Southern District of New York, on Feb. 16, 2016, entered an
order and protective decree:

     -- placing Global Arena Capital Corporation in liquidation
under the Securities Investor Protection Act,

     -- appointing the Securities Investor Protection Corporation
as trustee pursuant to Section 78eee(b)(3) of SIPA, and

     -- removing the case to the United States Bankruptcy Court for
the Southern District of New York under 78eee(b)(4) of SIPA.

Customers of the Debtor who wish to receive the maximum protection
afforded to them under SIPA are required to file their claims with
the Trustee within 60 days after the date of the notice; i.e. on or
before May 20, 2016, and no claim will be allowed unless received
by the Trustee on before Sept. 21, 2016.  If a customer files a
valid claim for securities by May 20, 2016, the Trustee must
deliver securities to the customer unless the securities are not
available and cannot be purchased in a fair and orderly market.

If a customer files a valid claim for securities after May 20,
2016, but before Sept. 21, 2016, the Trustee has the option of
delivering securities or cash in the amount of the filing date
value of the securities.  Funds of SIPC may be utilized to pay the
valid customer claim relating to securities and cash up to a
maximum amount of $500,000 for each customer, including up to
$250,000 for claims for cash.  Claims must be filed at:

   Securities Investor Protection Corporation
   as Trustee for the liquidation of Global Arena
     Capital Corporation
   1667 K St., N.W., Suite 1000
   Washington, DC 20006.

All other creditors of the Debtor must file formal proofs of claim
with the Trustee at the address above or before Sept. 21, 2016.
All claims will be deemed filed only when received by the Trustee.

As reported by the Troubled Company Reporter on Feb. 19, 2016,
Claim forms will be sent to customers and creditors of the firm as
soon as mailing lists can be compiled and claim forms printed. SIPC
received information from the Financial Industry Regulatory
Authority (FINRA) that prompted the application.

Information on filing claims and related deadlines will be posted
on http://www.sipc.org/

                          About SIPC

The Securities Investor Protection Corporation
--http://www.sipc.org -- is the U.S. investor's first line of  
defense in the event of the failure of a brokerage firm owing
customers cash and securities that are missing from customer
accounts.

                       About Global Arena

New York, N.Y.-based Global Arena Holding, Inc., formerly Global
Arena Holding Subsidiary Corp., was formed in February 2009, in the
state of Delaware.  The Company was a financial services firm that
services the financial community through its subsidiaries: (a)
Global Arena Investment Management LLC provided investment advisory
services to its clients.  GAIM was registered with the Securities
and Exchange Commission as an investment advisor and clears all of
its business through Fidelity Advisors, its correspondent broker;
(b) Global Arena Commodities Corp. provided commodities brokerage
services; (c) Global Arena Trading Advisors, LLC provided futures
advisory services.  GATA was registered with the National Futures
Association (NFA) as a commodities trading advisor; and (d)
Lillybell Entertainment, LLC provided finance services to the
entertainment industry.

Global Arena ceased doing business in 2015, but some customers of
the firm have not received the assets in their accounts.  

The Securities Investor Protection Corporation (SIPC) on Jan. 28,
2016, filed an application seeking an order placing Global Arena
Capital Corp., in liquidation under the Securities Investor
Protection Act (SIPA).   On Feb. 18, 2016, the United States
District Court for the Southern District of New York, Judge Robert
Sweet presiding, entered an order placing Global Arena in
liquidation and appointing SIPC as trustee.  

The SIPA case was then removed to the United States Bankruptcy
Court for the Southern District of New York, Case No. 16-01030-mew,
before Judge Michael E. Wiles.

Global Arena is represented in the SIPA proceedings by:

     Martin P. Russo, Esq.
     Martin H. Kaplan, Esq.
     Gusrae Kaplan Nusbaum PLLC
     120 Wall Street
     New York, NY 10005
     Tel: (212) 269-1400
     Fax: (212) 809-5449
     E-mail: mrusso@gusraekaplan.com
             mkaplan@gusraekaplan.com


GLOBAL ARENA: Meeting of Creditors Set for April 22
---------------------------------------------------
The first meeting of creditors of Global Arena Holding Inc. will be
held at the law offices of Hahn & Hessen LLP, 488 Madison Avenue,
14th Floor, New York, New York, on April 22, 2016, at 2:00 p.m., at
which time and place customers, and creditors may attend, examine
the Debtor, and transact other business as may properly come before
the meeting.

                       About Global Arena

New York, N.Y.-based Global Arena Holding, Inc., formerly Global
Arena Holding Subsidiary Corp., was formed in February 2009, in the
state of Delaware.  The Company was a financial services firm that
services the financial community through its subsidiaries: (a)
Global Arena Investment Management LLC provided investment advisory
services to its clients.  GAIM was registered with the Securities
and Exchange Commission as an investment advisor and clears all of
its business through Fidelity Advisors, its correspondent broker;
(b) Global Arena Commodities Corp. provided commodities brokerage
services; (c) Global Arena Trading Advisors, LLC provided futures
advisory services.  GATA was registered with the National Futures
Association (NFA) as a commodities trading advisor; and (d)
Lillybell Entertainment, LLC provided finance services to the
entertainment industry.

Global Arena ceased doing business in 2015, but some customers of
the firm have not received the assets in their accounts.  

The Securities Investor Protection Corporation (SIPC) on Jan. 28,
2016, filed an application seeking an order placing Global Arena
Capital Corp., in liquidation under the Securities Investor
Protection Act (SIPA).   On Feb. 18, 2016, the United States
District Court for the Southern District of New York, Judge Robert
Sweet presiding, entered an order placing Global Arena in
liquidation and appointing SIPC as trustee.  The SIPA case was then
removed to the United States Bankruptcy Court for the Southern
District of New York, Case No. 16-01030-mew, before Judge Michael
E. Wiles.

Global Arena is represented in the SIPA proceedings by Martin P.
Russo, Esq., and Martin H. Kaplan, Esq., at Gusrae Kaplan Nusbaum
PLLC.


GRIZZLY LAND: Sec. 341 Meeting of Creditors Slated for April 7
--------------------------------------------------------------
A meeting of creditors of Grizzly Land LLC under 11 U.S.C. Sec.
341(a) is slated for April 7, 2016, at 9:30 a.m. at 341 Byron
Rogers Room C.

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

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

                        About Grizzly Land

Grizzly Land LLC sought Chapter 11 protection (Bankr. D. Col. Case
No. 16-11757) in Denver on March 1, 2016.  Judge Thomas B. McNamara
is assigned to the case.  The petition was signed by Kirk A.
Shiner, DVM, manager.

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

Lee M. Kutner, Esq., at Kutner Brinen Garber, P.C., serves as
counsel to the Debtor.


HEARTLAND FARMS: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Heartland Farms, Inc.
        P.O. Box 265
        Wauchula, FL 33873

Case No.: 16-02381

Chapter 11 Petition Date: March 21, 2016

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Debtor's Counsel: Pierce J Guard, Jr., Esq.
                  THE GUARD LAW GROUP, PLLC
                  2511 Orleans Avenue
                  Lakeland, FL 33803
                  Tel: 863-619-7331
                  Fax: 863-619-7992
                  E-mail: jguardjr@aol.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ronald Moye, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/flmb16-02381.pdf


HORSEHEAD HOLDING: Meeting of Creditors on March 25
---------------------------------------------------
A meeting of creditors of Horsehead Holding Corp., et al., under 11
U.S.C. Sec. 341(a) will be held on March 25, 2016, at 10:00 a.m. at
J. Caleb Boggs Federal Building, 844 King St., Room 2112,
Wilmington, Delaware.

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

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

                  About Horsehead Holding Corp.

Horsehead Holding Corp. is the parent company of Horsehead
Corporation, a U.S. producer of specialty zinc and zinc-based
products and a leading recycler of electric arc furnace dust; The
International Metals Reclamation Company, LLC ("INMETCO"), a
leading recycler of metals-bearing wastes and a leading processor
of nickel-cadmium (NiCd) batteries in North America; and Zochem
Inc., a zinc oxide producer located in Brampton, Ontario.
Horsehead, headquartered in Pittsburgh, Pa., has seven facilities
throughout the U.S. and Canada.  The Debtors currently employ
approximately 730 full-time individuals.

Horsehead Holding Corp., Horsehead Corporation, Horsehead Metal
Products, LLC, The International Metals Reclamation Company, LLC,
and Zochem Inc. filed Chapter 11 bankruptcy petitions (Bankr. D.
Del. Case Nos. 16-10287 to 16-10291) on Feb. 2, 2016.  The
petition was signed by Robert D. Scherich as vice president and
chief financial officer.  Judge Christopher S. Sontchi is assigned
to the case.

The Debtors have engaged Kirkland & Ellis LLP as general counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, RAS Management
Advisors, LLC as financial advisor, Lazard Middle Market LLC as
investment banker, Epiq Bankruptcy Solutions, LLC as claims and
noticing agent and Aird & Berlis LLP as Canadian counsel.

The Debtors disclosed total assets of $1 billion and total
liabilities of $544.6 million.  As of the Petition Date, the
Debtors' consolidated long-term debt obligations totaled
approximately $420.7 million.


ICONIX BRAND: Receives NASDAQ Deficiency Notice on Late Filing
--------------------------------------------------------------
Iconix Brand Group, Inc. on March 18 announced that as a result of
the previously disclosed delayed filing of its Form 10-K for the
year ended December 31, 2015 (the "2015 Form 10-K"), it has
received a customary deficiency notice from the NASDAQ Listing
Qualifications Staff.  The delayed filing is related to the
Company's anticipated financial restatement, which was previously
disclosed on
February 18, 2016.  The Company expects to conclude its restatement
and anticipates filing its 2015 Form 10-K by March 30, 2016, which
would allow the Company to regain full compliance with NASDAQ.

The NASDAQ letter states that the Company is not currently in
compliance with NASDAQ Marketplace Rule 5250(c)(1).  The letter
requests that the Company submit a plan to regain compliance with
respect to the NASDAQ's continued listing standards no later than
May 16, 2016.  If the Company fails to provide a timely plan or the
NASDAQ staff determines the Company's plan is insufficient to
regain compliance, the Company may be subject to delisting from the
NASDAQ Stock Market.  However, the Company anticipates that it will
file the 2015 Form 10-K by March 30, 2016, and believes that
submission of a plan will not be necessary.

Headquartered in New York, Iconix Brand Group, Inc. --
https://www.iconixbrand.com -- is a brand management company and
owner of a diversified portfolio of 35 global consumer brands
across women's, men's, entertainment and home.  The Company's brand
portfolio includes Candie's, Bongo, Badgley Mischka, Joe Boxer,
Rampage, Mudd, London Fog, Mossimo, Ocean Pacific (OP), Danskin,
Rocawear, Cannon, Royal Velvet, Fieldcrest, Charisma, Starter,
Waverly, Zoo York, Sharper Image, Umbro, Lee Cooper, Ecko Unltd.,
Marc Ecko and Strawberry Shortcake.  The Company also has interest
in Artful Dodger, Material Girl, Peanuts, Ed Hardy, Truth or Dare,
Billionaire Boys Club, Ice Cream, Modern Amusement, Buffalo, Nick
Graham, Pony and Hydraulic brands.  The Company licenses its brands
with respect to a range of products, including apparel, footwear,
fashion accessories, sportswear, home products and decor, and
beauty and fragrance, and in the case of its Sharper Image brand,
consumer electronics and novelty products.


INTERNATIONAL AUTOMOTIVE: S&P Affirms 'B' CCR, Outlook Negative
---------------------------------------------------------------
Standard & Poor's Ratings Services said that it has revised its
outlook on International Automotive Components Group S.A. to
negative from stable.

At the same time, S&P affirmed all of its ratings on the company,
including S&P's 'B' corporate credit rating.  S&P's '4' recovery
ratings on the company's debt remain unchanged, indicating its
expectation for average (30%-50%; upper half of the range) recovery
of principal in the event of a default.

"The negative outlook reflects our view that the operational
challenges that IAC is facing, principally in its European
operations, will cause its profitability and credit ratios to
become weaker than we had previously expected," said Standard &
Poor's credit analyst Nishit Madlani.  "We now expect that the
company's debt-to-EBITDA metric will increase toward 4.5x by
year-end 2016."  Despite IAC's strong sales momentum and
significantly positive FOCF in the fourth quarter of 2015, the
company's FOCF-to-debt ratio remained at 2.4% for the year.  S&P
expects that the company's FOCF-to-debt ratio will remain well
below 5% in 2016.  S&P could downgrade IAC if the company's
profitability remains weaker than S&P's prior expectations,
increasing its leverage above 5x for a sustained period and leaving
it with negative FOCF prospects for 2017.

The negative outlook on IAC reflects that there is an increased
likelihood that S&P could downgrade the company by at least one
notch within the next 12 months if the weak profitability and
operational problems in its European business persist.

S&P could lower its ratings on IAC over the next 12 months if the
company's FOCF-to-debt ratio were to remain below 5%, or if S&P
believes that its debt-to-EBITDA would exceed 5x on a sustained
basis rather than stay flat or decline.  This could occur if IAC is
unable to control the costs associated with its launches and plant
inefficiencies.

S&P could revise our outlook on IAC to stable if it appears likely
that the company will generate a FOCF-to-debt ratio approaching 5%
on a sustained basis.  The company could demonstrate this by
steadily expanding its EBITDA margins toward 5%.  In addition, S&P
would expect IAC to continue to improve its ability to recover
increases in raw material costs from its customers.


JAMES F. HUMPHREYS: Can Employ Bowles Rice as Local Counsel
-----------------------------------------------------------
James F. Humphreys & Associates, L.C., filed an application to
employ Bowles Rice LLP as local counsel.

Tammy Litton, as Administrator of the Estate of Conard Litton, and
putative intervenor Harvey Brightwell (Objectors)filed a combined
motion to intervene and objection to the Application.

The Objectors assert that Bowles Rice labors under an
insurmountable conflict of interest that precludes the Application
from being granted. It notes that Bowles Rice represents certain
asbestos litigation defendants. The Objectors' overriding concern
appears to be that Bowles Rice may access confidential client
information in the Firm's possession.

In a Memorandum Opinion and Order dated March 3, 2016, which is
available at http://is.gd/Di9PfVfrom Leagle.com, Judge Frank W.
Volk of the United States Bankruptcy Court for the Southern
District of West Virginia, Charleston, granted the Application with
the provision that the Firm, and Mr. Humphreys personally, plan
appropriately and take the steps necessary to discharge the
obligations imposed upon them by Rule 1.9(c) and Rule 1.6(a) and
(c), cognizant of any applicable safe harbors found in subdivision
(b).  The development of that plan and its necessary steps should
be undertaken with the assistance of both Tucker Arensberg and
Bowles Rice.

The case is IN RE: JAMES F. HUMPHREYS & ASSOCIATES, L.C., Chapter
11, Debtor, Case No. 2:16-bk-20006 (Bankr. S.D.W.Va.).

JAMES F. HUMPHREYS & ASSOCIATES, L.C, Debtor, is represented by
Julia A Chincheck, Daniel J Cohn, Bowles Rice LLP, Danielle L
Dietrich, Tucker Arensberg PC, Judith K. Fitzgerald, Tucker
Arensberg, P.C., Beverly Weiss Manne, Tucker Arensberg, P.C.,
Jeremiah J. Vandermark, Tucker Arensberg, P.C., Beverly Weiss
Manne, Tucker Arensberg PC.

United States Trustee, U.S. Trustee, is represented by Debra A
Wertman.

        About James F. Humphreys & Asscociates, L.C.

James F. Humphreys & Associates, L.C., filed for Chapter 11
bankruptcy protection (Bankr. S.D. W. Va. Case No. 16-20006) on
Jan. 13, 2016, estimating its assets and liabilities at between $1
million and $10 million each.  The petition was signed by James F.
Humphreys, president.

The Firm said in a statement that it sought bankruptcy protection
to "resolve all pending and potential claims against the firm in
one forum and in a timely and equitable manner."  

Judge Frank W. Volk presides over the case.  Julia A. Chincheck,
Esq., who has an office in Charleston, West Virginia, and Danielle
L Dietrich, Esq., Judith K. Fitzgerald, and Beverly Weiss Manne,
Esq., at Tucker Arensberg P.C., serve as the Firm's bankruptcy
counsel.  Bowles Rice LLP is the Firm's local counsel.

Mr. Humphreys said in the statement that the filing should not
affect the day-to-day operations of the firm and cases it
currently
is handling.

Chris Dickerson, writing for West Virginia Record, relates that
Mr.
Humphreys has been sued by former clients for allegedly
mishandling
hundreds of asbestos and flood damages cases.  Mr. Humphreys and
the Firm were listed in a class action in October 2015 by people
who claim that the Firm mishandled a mass tort asbestos exposure
case against Celotex.  West Virgina Record adds that in the new
Celotex complaint, McCormick claims Mr. Humphreys and the Firm
negligently failed to follow procedure for properly submitting the
plaintiffs' claims against Celotex.

James F. Humphreys & Associates, L.C., is headquartered in
Charleston, West Virginia.


JETBLUE AIRWAYS: Fitch Hikes Ratings to 'BB-'
---------------------------------------------
Fitch Ratings has upgraded JetBlue Airways Corp.'s (JBLU) ratings
to 'BB-' from 'B+'. The Rating Outlook is Stable. Fitch has also
upgraded JBLU's unsecured rating to 'BB-/RR4' from 'B+/RR4' and
affirmed JetBlue's senior secured credit facility at 'BB+/RR1'.

KEY RATING DRIVERS

The upgrade is supported by JetBlue's improving credit metrics,
consistent profitability, unit revenue outperformance compared to
its peers in 2015, and its solid financial flexibility. Debt
reduction in 2015 outpaced Fitch's prior expectations, as JBLU
utilized a portion of its savings from lower jet fuel costs to
improve its balance sheet. The ratings upgrade is also supported by
JBLU's continuing commitment towards paying down debt, the
near-term cash flow benefits that Fitch expects as the results of
significantly lower fuel prices, and improving health of the North
American airline sector as a whole.

Primary ratings concerns include the cyclicality and high degree of
operating leverage that is typical for the airline industry.
JetBlue will continue to pursue a growth strategy that is more
aggressive than its peer group, though that risk is offset by the
company's successful track record. Longer term concerns also
include the strengthened competitive position coming from the major
network carriers as their financial performance has improved, and
by the rapid growth of ultra-low cost competitors

STRONG RECENT OPERATING PERFORMANCE

JBLU's EBIT margins expanded by more than 10 percentage points in
2015, outpacing the margin improvement generated by its
competitors. The great majority of the margin improvement was a
direct result of lower jet fuel prices. Fitch expects operating
margins to expand by another 1% - 4% percentage points in 2016,
primarily driven by the sharp recent drop in fuel prices and by
expectations for relatively flat non-fuel unit costs.

Positive factors may be partially offset by the possibility for
some softness in unit revenues. Fitch's current forecast for 2016
incorporates a jet fuel price of $1.40/gallon, representing a
roughly 30% decrease from JetBlue's average price paid in 2015 of
$1.93. Over the longer term, Fitch does expect fuel prices to rise
off of recent lows, potentially bringing margins down from the
record levels seen over the past year. Should fuel prices remain
within the forecasted range, JBLU could spend nearly $300 million
less on jet fuel than it did in 2015 and nearly $860 million less
than it did in 2014, though the recent volatility in crude prices
makes potential savings difficult to estimate. The cash saved on
fuel will give JBLU significant ability to finance its stated goals
of paying down debt and continuing to purchase aircraft with cash.

Fitch expects non-fuel unit costs to be fairly stable for the
coming year. JetBlue is scheduled to take delivery of 10 A321-200s
in 2016 and is scheduled to begin densifying its existing A321
fleet, adding 10 seats to each aircraft. A320 densification will
start in 2017, adding 12 seats to each of those aircraft. The
larger gauge of the A321 and the additional seat density on JBLU's
existing planes should help to control unit costs. JBLU is also
focusing on its maintenance programs and reliability in an effort
to keep unit costs under control. Those efforts allowed the company
to keep unit costs under control in 2015 as CASM ex fuel and profit
sharing increased by 0.5%.

Benefits of lower costs in 2016 may be partially offset by some
softness in unit revenues. Sharply lower fuel prices are expected
to continue to exert some negative pressure on yields across the
industry in the near-term. Meanwhile, ultra-low cost carriers like
Spirit and Frontier continue to grow at a rapid clip, increasing
competition, and causing mainline carriers to compete more
vigorously with the introduction of low fare products of their own.
Revenue pressures at JBLU will be partially offset by the growth of
its 'fare options' product. Fare options were introduced in the
second quarter of 2015 and include charges for things like checked
bags and the option for same day reservation changes. JetBlue
expects fare options to reach a run-rate of $200 million in
incremental revenue in 2016. Fitch views that goal as achievable
given the early success of the program.

IMPROVING BALANCE SHEET HEALTH

Fitch calculates JetBlue's total adjusted debt/EBITDAR at 2.5x,
down from 4.5x at year end 2014. Fitch expects JBLU's leverage to
continue declining at least through 2016 driven both by higher
expected EBITDAR (lower fuel prices, revenue enhancing initiatives)
and through significant incremental debt reduction. JBLU's leverage
is now in line with or below several peers that Fitch rates in the
'BB' category. Leverage improvement in 2015 was largely driven by
lower fuel costs. Additionally, the company used its strong cash
flow to decrease debt by $328 for the year, including $132 million
in prepayments. The debt prepayment caused 4 aircraft to become
unencumbered. JetBlue's unencumbered asset base as of year-end 2015
stands at 61 aircraft and 33 spare engines. This number is expected
to increase to 76 as JBLU makes its final payment on EETC debt
issued in 2004. Fitch considers high quality unencumbered aircraft
to be a good additional source of financial flexibility.

SOLID FINANCIAL FLEXIBILTY

Fitch expects JBLU to produce FCF approaching or potentially
exceeding $600 million in 2016, marking a sharp contrast with prior
years when FCF was minimal or slightly negative. 2016 will likely
mark the first year that JBLU will pay a meaningful amount of cash
taxes, having largely exhausted its existing NOLs in 2015. Cash
taxes may represent headwind to FCF in the $300+ million range.
Fitch expects the impact of cash taxes to be offset by savings on
jet fuel. JBLU produced $657 million of FCF for full year 2015,
which is up from -$21 million in 2014 and better than Fitch's
original expectation of roughly $400 of FCF. JetBlue has now
produced positive free cash flow in six out of the last seven years
Fitch expects the company to continue generating significantly
positive FCF for the foreseeable future.

Financial flexibility is also supported by JBLU's growing base of
unencumbered assets. Fitch considers JBLU's unencumbered Airbus
A320s to be high quality assets which should support capital market
access in the case of a liquidity crunch. Fitch expects JBLU to
further expand its base of unencumbered assets over the coming
years as it opportunistically pays for some aircraft with cash and
pays down existing aircraft secured debt.

LIQUIDITY

Liquidity is supportive of the ratings. As of Dec. 31, 2015 JetBlue
had a cash and equivalents balance of $318 million, short term
investment securities of $558 million and an undrawn revolver
balance of $400 million. Total liquidity including the undrawn
revolver is equivalent to 20% of LTM revenue, which Fitch considers
to be more than adquate to address near-term needs. Upcoming debt
maturities are manageable, including the maturity of two classes of
floating rate notes due in 2016 . Fitch expects JBLU to generate
sufficient operating cash in the near term to cover its capital
expenditures and debt maturities without the need for further
borrowing.

KEY ASSUMPTIONS

-- mid-to-high single digit capacity growth throughout the
    forecast period;
-- Continued stable/slow growth in demand for U.S. domestic
    travel;
-- low to mid-single digit RASM decline in 2016 followed by
    roughly flat RASM thereafter;
-- Jet Fuel prices equating to roughly $40/barrel on average for
    2016, increasing to ~$70/barrel by the end of the forecast
    period

RATING SENSITIVITIES

Future developments that may, individually or collectively, lead to
a positive rating action include:

-- Continued positive FCF generation with FCF margin sustained in

    the mid-single digits;
-- Further execution on JBLU's debt reduction plans and
    debt/EBITDAR maintained near or below current levels;
-- FFO fixed charge coverage remaining above 3.5x.

Future developments that may, individually or collectively, lead to
a negative rating action include:

-- Sustained negative free cash flow;
-- A change in management strategy to direct cash to
    dividends/share repurchases at the expense of a healthy
    balance sheet;
-- Adjusted leverage increasing to above 4x;
-- FFO fixed charge coverage dropping to below 2.5x.

FULL LIST OF RATING ACTIONS

JetBlue Airways, Corp.

-- Long-term IDR upgraded to 'BB-' from 'B+';
-- Senior secured credit facility affirmed at 'BB+/RR1'
-- Senior unsecured debt upgraded to 'BB-/RR4' from 'B+/RR4'.


JUMIO INC: Files for Ch. 11 to Sell to Facebook Co-Founder for $23M
-------------------------------------------------------------------
Jumio Inc. filed a petition under Chapter 11 of the Bankruptcy Code
citing certain legacy issues combined with related government
investigations and proceedings which hampered its ability to secure
necessary funding for its operations.

As disclosed in the bankruptcy filing, Jumio is subject to recent
ongoing government investigations related to its restated 2013 and
2014 financials and certain sales of securities.  The restatement
was made following the identification of errors related to revenue
recognition policies adopted by the Company.  In March 2015, the
Board of Directors engaged special counsel to investigate, among
other things, issues related to secondary sales of Jumio's common
stock by certain (now former) executives, including Daniel Mattes
(who resigned from Jumio's Board in April 2015).

Jumio said it became subject to additional costs and risks,
including unanticipated costs for accounting and legal fees, as
well as costs and expenses that could arise in connection with any
investor litigation relating to the restatement.

Following evaluation of all available options, Jumio determined
that pursuing an orderly sale of its assets in a controlled,
court-supervised environment would be the best available option for
it and its stakeholders.  Jumio decided to purse the Sale to "avoid
deterioration of its business and obtain maximum value for its
assets for the benefit of all of its stakeholders."

On March 20, 2016, Jumio and Jumio Acquisition, LLC, as stalking
horse bidder, entered into an asset purchase agreement pursuant to
which Jumio Acquisition has agreed to purchase substantially all of
the Debtor's assets, subject to higher or otherwise better bids,
for an aggregate purchase price of $22.6 million.  The Debtor has
proposed April 26, 2016, as bid deadline.

The Stalking Horse Bidder intends to retain all of Jumio's current
employees.  The Sale is contingent upon a contemporaneous sale by
Jumio Software Development GmbH of its assets, which will allow a
solvent dissolution of JSD.  JSD is a wholly-owned subsidiary of
Jumio that holds some important assets.

Jumio Acquisition is an entity formed by Facebook co-founder
Eduardo Saverin, holder $15,765,819 secured debt on account of
prepetition senior secured convertible promissory notes.  According
to Court documents, Mr. Saverin has invested at least $23 million
in the preferred and common equity of the Debtor, representing
approximately 16% of the fully diluted voting equity.

The Debtor has obtained authority to utilize cash collateral from
the Prepetition Secured Noteholders and to borrow $3.7 million
from Mr. Saverin.

Unsecured creditors are owed $440,000, consisting primarily of
accounts payable to trade vendors.

                        First Day Motions

To minimize the adverse effects of the commencement of this Chapter
11 Case on the Debtor's ability to effectuate a timely and
efficient restructuring process, the Debtor has filed "first day"
motions seeking authority to, among other things, pay employee
obligations, prohibit utility providers from discontinuing
services, incur postpetition debt, use cash collateral, and
maintain existing insurance policies.

                            About Jumio

Headquartered in Palo Alto, California, Jumio is a leading online
and mobile identity management and credentials authentication
company.  Its customers include, among others, Airbnb, United
Airlines, WorldRemit, EasyJet, and Duolingo.  Jumio has operations
in the United States, Europe and India.  Jumio employs 43
individuals.

Jumio offers three primary products -- Fastfill, BAM Checkout and
Netverify.

Fastfill enables Jumio's customers to dramatically improve their
new account sign-up and shopping cart completion rates with fast
user onboarding and near-instant population of personal data - once
Fastfill is installed on a mobile application, users can scan their
own IDs to extract and automatically populate personal data fields
on the customet's sign-up or checkout pages a process that takes
seconds rather than minutes.

BAM Checkout enables Jumio's customers to give their users an easy
and friction-free way to make purchases on mobile applications.
Similar to Fastfill, during checkout users tap a scan button
integrated into the customer's electronic checkout form and hold up
a credit card or ID to their mobile camera.

The Netverify technology helps Jumio's customers to meet KYC (know
your customer) and ID verification requirements and reduce fraud by
authenticating and extracting data from IDs.

Jumio Inc. filed a Chapter 11 bankruptcy petition (Bankr. D. Del.
Case No. 16-10682) on March 21, 2016.  The petition was signed by
Stephen Stuut as chief financial officer.  The Debtor estimated
assets in the range of $1 million to $10 million and debts of up to
$50 million.  Judge Brendan Linehan Shannon has been assigned the
case.

The Debtor has engaged Landis Rath & Cobb LLP as bankruptcy
counsel, Wilmer Cutler Pickering Hale and Dorr LLP as special
corporate counsel, Ernst & Young LLP as financial advisor, Sagent
Advisors, LLC as investment banker, Cooley LLP as special SEC
counsel and Rust Consulting/Omni Bankruptcy as claims and noticing
agent.


JUMIO INC: Has $3.7M Delayed-Draw Term Loan From Saverin
--------------------------------------------------------
Jumio Inc. is seeking the Bankruptcy Court's permission to obtain
up to $3.7 million delayed-draw term loan facility from Eduardo
Saverin or his designee, which the Debtor requires to operate
through the contemplated May 2, 2016, conclusion of its proposed
sale process.  Mr. Saverin is a prepetition secured noteholder who
is also the stalking horse purchaser of the Debtor's assets.

The Debtor said it has an urgent need to obtain access to the
Postpetition Facility to, among other things, continue the
operation of its business in an orderly manner, maintain business
relationships and assure the continuity of operations with, and
ability to make payment to, vendors, suppliers and customers, pay
approximately 100 employees in the United States, the UK, and
Austria, and satisfy other working capital and operational needs.

According to the Debtor, its cash balance as of the Petition Date
is approximately $2.1 million.  Based on expected receipts and
disbursements in the ordinary course of business, the Debtor
predicts that its cash balance will, absent new financing, drop to
near or below zero within the next several weeks.

"To continue operating in the ordinary course while formulating and
seeking approval of the terms of a sale of substantially all of the
Debtor's assets pursuant to Bankruptcy Code section 363 during this
period, the Debtor needs to access liquidity," said Adam G. Landis,
Esq., at Landis Rath & Cobb LLP, counsel for the Debtor.

The Postpetition Facility bears an interest rate of 4% per annum
and 7.5% per annum during an event of default.  A $20,000 fee is
payable to the postpetition agent, plus the out-of-pocket costs and
expenses.

Absent a default, the maturity date will be the earlier of the
asset sale closing and May 2, 2016.

The Credit Facility provides, among other milestones, entry of a
Sale Order by April 29, 2016, on terms acceptable to the
Postpetition Lender and Prepetition Secured Noteholders.

The Postpetition Facility contemplates providing the Postpetition
lender with liens that prime those of the Prepetition Secured
Parties pursuant to Bankruptcy Code Section 364(d).

As part of the motion, the Debtor also seeks to utilize cash
collateral of the prepetition secured parties, with their consent.
The Debtor's prepetition secured indebtedness is comprised of
Senior Secured Convertible Promissory Notes in the aggregate
original principal amount of $15,493,727, all of which remain
outstanding.  Christopher Joseph Clower, in his capacity as
security agent for the Prepetition Secured Noteholders, has a lien
on substantially all of the Debtor's assets, including its "cash
collateral."

As adequate protection for the priming of the Prepetition Secured
Obligations by the Postpetition Obligations, the Prepetition
Secured Noteholders will receive, to the extent of any diminution
in value of their interest in the collateral securing the
Prepetition Secured Obligations, among other things, superpriority
administrative claims, junior in priority only to the superpriority
administrative claims granted in connection with the Postpetition
Facility and the Carve-Out.

                            About Jumio

Headquartered in Palo Alto, California, Jumio is a leading online
and mobile identity management and credentials authentication
company.  Its customers include, among others, Airbnb, United
Airlines, WorldRemit, EasyJet, and Duolingo.  Jumio has operations
in the United States, Europe and India.  Jumio employs 43
individuals.

Jumio offers three primary products -- Fastfill, BAM Checkout and
Netverify.

Fastfill enables Jumio's customers to dramatically improve their
new account sign-up and shopping cart completion rates with fast
user onboarding and near-instant population of personal data
- once Fastfill is installed on a mobile application, users can
scan their own IDs to extract and automatically populate personal
data fields on the customet's sign-up or checkout pages a process
that takes seconds rather than minutes.

BAM Checkout enables Jumio's customers to give their users an easy
and friction-free way to make purchases on mobile applications.
Similar to Fastfill, during checkout users tap a scan button
integrated into the customer's electronic checkout form and hold up
a credit card or ID to their mobile camera.

The Netverify technology helps Jumio's customers to meet KYC (know
your customer) and ID verification requirements and reduce fraud by
authenticating and extracting data from IDs.

Jumio Inc. filed a Chapter 11 bankruptcy petition (Bankr. D. Del.
Case No. 16-10682) on March 21, 2016.  The petition was signed by
Stephen Stuut as chief financial officer.  The Debtor estimated
assets in the range of $1 million to $10 million and debts of up to
$50 million.  Judge Brendan Linehan Shannon has been assigned the
case.

The Debtor has engaged Landis Rath & Cobb LLP as bankruptcy
counsel, Wilmer Cutler Pickering Hale and Dorr LLP as special
corporate counsel, Ernst & Young LLP as financial advisor, Sagent
Advisors, LLC as investment banker, Cooley LLP as special SEC
counsel and Rust Consulting/Omni Bankruptcy as claims and noticing
agent.


JUMIO INC: Hires Rust/Omni as Claims and Noticing Agent
-------------------------------------------------------
Jumio Inc. filed with the Bankruptcy Court an application to
appoint Rust Consulting/Omni Bankruptcy as its claims and noticing
agent.  Rust/Omni performed certain professional services for the
Debtor prior to the Petition Date.

Due to the number of creditors and other parties-in-interest
involved in this case, the Debtor maintains it is impracticable for
it to undertake the task of sending notices without assistance.

The Debtor proposes to retain Rust/Omni at the following rates:

                                     Discounted Rates
   Custom Services                       (20+%)
   ---------------                   -----------------
   Clerical Support                   $21-$38 per hour
   Project Specialists                $48-$63 per hour
   Project Supervisors                $63-$80 per hour
   Consultants                        $80-$105 per hour
   Technology/Programming             $85-$110 per hour
   Senior Consultants                 $119-$148 per hour

The Debtor request that the fees and expenses that would be
incurred by Rust/Omni under the proposed engagement would be
administrative in nature and, therefore, should not be subject
to standard fee application procedures of professionals.

Prior to the Petition Date, Rust/Omni received a retainer of
$10,000 from the Debtor.  Rust/Omni seeks to first apply the
retainer to all prepetition invoices and to retain any unapplied
portion as a retainer throughout the pendency of the case.

To the best of the Debtor's knowledge, Rust/Omni is a
"disinterested person" within the meaning of the Bankruptcy Code.

                            About Jumio

Headquartered in Palo Alto, California, Jumio is a leading online
and mobile identity management and credentials authentication
company.  Its customers include, among others, Airbnb, United
Airlines, WorldRemit, EasyJet, and Duolingo.  Jumio has operations
in the United States, Europe and India.  Jumio employs 43
individuals.

Jumio offers three primary products -- Fastfill, BAM Checkout and
Netverify.

Fastfill enables Jumio's customers to dramatically improve their
new account sign-up and shopping cart completion rates with fast
user onboarding and near-instant population of personal data
- once Fastfill is installed on a mobile application, users can
scan their own IDs to extract and automatically populate personal
data fields on the customet's sign-up or checkout pages a process
that takes seconds rather than minutes.

BAM Checkout enables Jumio's customers to give their users an easy
and friction-free way to make purchases on mobile applications.
Similar to Fastfill, during checkout users tap a scan button
integrated into the customer's electronic checkout form and hold up
a credit card or ID to their mobile camera.

The Netverify technology helps Jumio's customers to meet KYC (know
your customer) and ID verification requirements and reduce fraud by
authenticating and extracting data from IDs.

Jumio Inc. filed a Chapter 11 bankruptcy petition (Bankr. D. Del.
Case No. 16-10682) on March 21, 2016.  The petition was signed by
Stephen Stuut as chief financial officer.  The Debtor estimated
assets in the range of $1 million to $10 million and debts of up to
$50 million.  Judge Brendan Linehan Shannon has been assigned the
case.

The Debtor has engaged Landis Rath & Cobb LLP as bankruptcy
counsel, Wilmer Cutler Pickering Hale and Dorr LLP as special
corporate counsel, Ernst & Young LLP as financial advisor, Sagent
Advisors, LLC as investment banker, Cooley LLP as special SEC
counsel and Rust Consulting/Omni Bankruptcy as claims and noticing
agent.


JUMIO INC: Hires Wilmer Cutler as Special Corporate Counsel
-----------------------------------------------------------
Jumio Inc. seeks authority from the U.S. Bankruptcy Court for the
District of Delaware to employ Wilmer Cutler Pickering Hale and
Dorr LLP as its special corporate counsel nunc pro tunc to the
Petition Date.

The Debtor disclosed that Wilmer Cutler has represented it in
various general corporate and transactional matters, including tax,
investigatory, and intellectual property matters over the course of
approximately four years prior to the Petition Date. Wilmer Cutler
currently represents the Debtor in respect of general corporate
matters, financing and asset sale transactions, and certain tax and
intellectual property matters.

The Debtor said it will continue to need Wilmer Cutler's services
in connection with these non-bankruptcy matters.

According to the Debtor, Wilmer Cutler's role as special corporate
counsel will involve corporate advice related to the Debtor's
restructuring, postpetition financing and asset sale transactions
contemplated in connection with Debtor's Chapter 11 bankruptcy, and
other general corporate matters.  The Debtor clarified Wilmer
Cutler's role will not include other aspects of its Chapter 11 case
and will not overlap with the services of the other counsel engaged
in this case.

To the best of the Debtor's knowledge, Wilmer Cutler does not
represent or hold any interest adverse to it or to its estate with
respect to the Special Counsel Matters.

Wilmer Cutler has noted that it represents and may represent or
have other relationships with one or more creditors of the Debtor
or other parties-in-interest in the Debtor's Chapter 11 case, but
that those representations or other relationships do not involve
the Debtor in respect of the Special Counsel Matters.

As previously disclosed, the Debtor is subject to ongoing
investigations by governmental authorities related to the
restatement of its 2013 and 2014 fínancial statements and certain
sales of securities to purchasers that may have relied on the
restated financials.  The Debtor has retained separate counsel,
Cooley, with respect of those investigations.  Wilmer Cutler does
not believe its prior representation of the Debtor at the time when
it restated those financials, or in connection with the issuance
and sale of those securities, results in its holding interest
adverse to the Debtor related to the Special Counsel Matters.

Wilmer Cutler's current (2016) hourly rates are expected to be
within the following ranges:

            Position                   Hourly Rates
            --------                  --------------
            Partners                  $800 to $1,605
            Counsel                   $810 to $970
            Associates                $470 to $840
            Paraprofessionals         $130 to $555

George W. Shuster will be the partner with primary responsibility
for overseeing all work for the Debtor on the Special Counsel
Matters.  His rate is $1,005 per hour.  His partner Glenn
Luinenburg's rate is $835 per hour.

In addition to the hourly rates, the firm will seek reimbursement
for certain other expenses and charges including, among other
things, travel expenses, "working meals", computerized legal
research, and transcription costs.

Mr. Shuster disclosed in an affidavit in support of the Application
that over the 12 months immediately preceding March 20, 2015,
Wilmer Cutler was paid approximately $1,091,167 for legal fees
primarily incurred for corporate matters involving the Debtor and
its subsidiaries.  Within 90 days prior to the Petition Date Wilmer
Cutler received:

    (a) a payment of $7,222 on or about Jan. 20, 2016, for
        services rendered and costs incurred in the months of
        October 2015 and November 2015;

    (b) a payment of $258,038 on or about March 15, 2016, for
        services rendered and costs incurred from November 2015 up

        to Feb. 22, 2016;

    (c) a payment of $16,961 on or about March 18, 2016, for  
        services rendered and costs incurred from November 2015 up

        to Jan. 31, 2016;

    (d) an initial retainer payment of $25,000 on or about
        Feb. 23, 2016;

    (e) a supplemental retainer payment of $225,000 on or about
        Feb. 29, 2016; and

    (f) a supplemental retainer payment of $50,000 on or about
        March 18, 2016.

According to Mr. Shuster, in addition to payments from the Debtor,
on Sept. 25, 2015, Wilmer Cutler received, on behalf of the Debtor,
$350,000 from Eduardo Saverin, a shareholder and lender of the
Debtor and a member, at that time, of the Debtor's board of
directors.  The $350,000 was held by Wilmer Cutler in its client
trust account on behalf of the Debtor, as that amount was not
intended to be, and was not, applied to any of its fees or
disbursements.  Mr. Shuster said the $350,000 was accounted for by
the Debtor as the Debtor's funds, and those funds were returned by
Wilmer Cutler to the Debtor on March 16, 2016.

                          About Jumio

Headquartered in Palo Alto, California, Jumio is a leading online
and mobile identity management and credentials authentication
company.  Its customers include, among others, Airbnb, United
Airlines, WorldRemit, EasyJet, and Duolingo.  Jumio has operations
in the United States, Europe and India.  Jumio employs 43
individuals.

Jumio offers three primary products -- Fastfill, BAM Checkout and
Netverify.

Fastfill enables Jumio's customers to dramatically improve their
new account sign-up and shopping cart completion rates with fast
user onboarding and near-instant population of personal data - once
Fastfill is installed on a mobile application, users can scan their
own IDs to extract and automatically populate personal data fields
on the customet's sign-up or checkout pages a process that takes
seconds rather than minutes.

BAM Checkout enables Jumio's customers to give their users an easy
and friction-free way to make purchases on mobile applications.
Similar to Fastfill, during checkout users tap a scan button
integrated into the customer's electronic checkout form and hold up
a credit card or ID to their mobile camera.

The Netverify technology helps Jumio's customers to meet KYC (know
your customer) and ID verification requirements and reduce fraud by
authenticating and extracting data from IDs.

Jumio Inc. filed a Chapter 11 bankruptcy petition (Bankr. D. Del.
Case No. 16-10682) on March 21, 2016.  The petition was signed by
Stephen Stuut as chief financial officer.  The Debtor estimated
assets in the range of $1 million to $10 million and debts of up to
$50 million.  Judge Brendan Linehan Shannon has been assigned the
case.

The Debtor has engaged Landis Rath & Cobb LLP as bankruptcy
counsel, Wilmer Cutler Pickering Hale and Dorr LLP as special
corporate counsel, Ernst & Young LLP as financial advisor, Sagent
Advisors, LLC as investment banker, Cooley LLP as special SEC
counsel and Rust Consulting/Omni Bankruptcy as claims and noticing
agent.


JUMIO INC: Taps Landis Rath as Bankruptcy Counsel
-------------------------------------------------
Jumio Inc. filed an application with the Bankruptcy Court seeking
permission to employ Landis Rath & Cobb as its bankruptcy counsel
nunc pro tunc to the Petition Date, to among other tasks:

   (a) advise and assist the Debtor with respect to its rights,
       powers and duties as a debtor-in-possession, and take all
       necessary action to protect and preserve the Debtor's
       estate, including prosecuting actions on the Debtor's
       behalf, defending any actions commenced against the Debtor,
       negotiating all disputes involving the Debtor, and
       preparing objections to claims filed against the Debtor's
       estate;

   (b) prepare and file necessary pleadings, motions,
       applications, draft orders, notices, schedules and
       other documents, and review all financial and other reports
       to be filed in this Chapter 11 case, and advise the Debtor
       concerning, and prepare responses to, applications,
       motions, other pleadings, notices and other papers that may
       be filed and served in this case;

   (c) handle inquiries and calls from creditors and counsel to

       interested parties regarding pending matters and the
       general status of this Chapter 11 case, and, to the extent
       required, prepare and serve any necessary responses;

   (d) appear in Court and any appellate courts to represent and
       protect the interests of the Debtor and its estate;

   (e) attend meetings including any meeting of creditors and
       negotiate with representatives of creditors and other  
       parties-in-interest;

   (f) advise and assist the Debtor in maximizing value in this
       case, including, without limitation, in connection with the
       formulation, negotiation and promulgation of debtor-in-
       possession financing, use of cash collateral, a sale of
       assets, other transaction and/or a disclosure statement and
       Chapter 11 plan and all documents related thereto, and
       take all further actions as may be required in connection
       with any sale, disclosure statement or plan during this
       case; and

   (g) perform all other necessary legal services for the
       Debtor in connection with the prosecution of this Chapter
       11 case, including, but not limited to: (i) analyzing the
       Debtor's leases and contracts and the assumptions,
       rejections, or assignments thereof, (ii) analyzing the  
       validity of liens against the Debtor, (iii) advising the
       Debtor on litigation matters, and (iv) developing a
       reorganízation strategy.

Subject to the Court's approval, Landis Rath will charge for its
legal services on an hourly basis in accordance with its standard
hourly rates in effect on the date services are rendered.  The
current hourly rates of Landis Rath range from $515 -$775 per hour
for partners; $295-$400 per hour for associates; $225-$245 per hour
for paralegals; and $145 per hour for legal assistants.

In addition to the professional fees, the Debtor has agreed to
reimburse Landis Rath for its expenses a part of the firm's policy.
The reimburseable expenses include, among other things,
telecopier, toll and other charges, mail and express mail charges,
special or hand delivery charges, photocopying charges, travel
expenses and computerized legal research.

Within 90 days of the Petition Date, Landis Rath received retainer
payments of $225,000 from the Debtor in advance payment for and to
secure the payment of actual and estimated professional fees and
disbursements to be incurred prior to the Petition Date.

Kerri K. Mumford, Esq., a partner at Landis Rath & Cobb LLP
represents that Landis Rath is a "disinterested person" as that
term is defined in Section 101(14) of the Bankruptcy Code.

                            About Jumio

Headquartered in Palo Alto, California, Jumio is a leading online
and mobile identity management and credentials authentication
company.  Its customers include, among others, Airbnb, United
Airlines, WorldRemit, EasyJet, and Duolingo.  Jumio has operations
in the United States, Europe and India.  Jumio employs 43
individuals.

Jumio offers three primary products -- Fastfill, BAM Checkout and
Netverify.

Fastfill enables Jumio's customers to dramatically improve their
new account sign-up and shopping cart completion rates with fast
user onboarding and near-instant population of personal data - once
Fastfill is installed on a mobile application, users can scan their
own IDs to extract and automatically populate personal data fields
on the customet's sign-up or checkout pages a process that takes
seconds rather than minutes.

BAM Checkout enables Jumio's customers to give their users an easy
and friction-free way to make purchases on mobile applications.
Similar to Fastfill, during checkout users tap a scan button
integrated into the customer's electronic checkout form and hold up
a credit card or ID to their mobile camera.

The Netverify technology helps Jumio's customers to meet KYC (know
your customer) and ID verification requirements and reduce fraud by
authenticating and extracting data from IDs.

Jumio Inc. filed a Chapter 11 bankruptcy petition (Bankr. D. Del.
Case No. 16-10682) on March 21, 2016.  The petition was signed by
Stephen Stuut as chief financial officer.  The Debtor estimated
assets in the range of $1 million to $10 million and debts of up to
$50 million.  Judge Brendan Linehan Shannon has been assigned the
case.

The Debtor has engaged Landis Rath & Cobb LLP as bankruptcy
counsel, Wilmer Cutler Pickering Hale and Dorr LLP as special
corporate counsel, Ernst & Young LLP as financial advisor, Sagent
Advisors, LLC as investment banker, Cooley LLP as special SEC
counsel and Rust Consulting/Omni Bankruptcy as claims and noticing
agent.


KINGOLD JEWELRY: Regains NASDAQ Listing Rule Compliance
-------------------------------------------------------
Kingold Jewelry, Inc., one of China's leading manufacturers and
designers of high quality 24-karat gold jewelry, ornaments and
investment-oriented products, on March 18 disclosed that it has
received a letter from the NASDAQ Stock Market ("NASDAQ"),
indicating that Kingold has regained compliance with the $1.00 per
share minimum closing bid price requirement for continued listing
on the Nasdaq Stock Market, pursuant to the NASDAQ marketplace
rules.  NASDAQ indicated within its letter that since the Company
has regained compliance with Listing Rule 5550(a)(2), this matter
is now closed.

                   About Kingold Jewelry, Inc.

Kingold Jewelry, Inc. (NASDAQ: KGJI), centrally located in Wuhan
City, one of China's largest cities, was founded in 2002 and today
is one of China's leading designers and manufacturers of 24-karat
gold jewelry, ornaments, and investment-oriented products.  The
Company sells both directly to retailers as well as through major
distributors across China.



KINROSS GOLD: Moody's Confirms 'Ba1' Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service confirmed Kinross Gold Corporation's
Corporate Family (CFR) rating at Ba1, its senior unsecured rating
at Ba1 and Probability of Default Rating at Ba1-PD. Kinross'
Speculative Grade Liquidity Rating (SGL) was affirmed at SGL-1. The
rating outlook is stable. This concludes the review for possible
downgrade initiated on January 21, 2016.

"The confirmation of Kinross's rating is based on an expectation of
conservative financial policies, including leverage maintained
below 2.5x, which provides some offset to its cash flow
concentration from its Russian operations," said Jamie Koutsoukis,
Moody's Vice President, Senior Analyst.

This rating action resolves a rating placed under review pursuant
to Moody's review of the global mining sector, parts of which have
undergone a fundamental downward shift. While gold has not
experienced the same magnitude of recent price reductions seen in
base metals, it is nevertheless a volatile commodity, the price of
which is very hard to predict as it is not driven by normal
industrial supply and demand factors. Moody's expects this price
risk to be tempered with a focus on cost efficiency, prudent
project development and low financial risk, in terms of leverage,
coverage and robust liquidity.

Outlook Actions:

Issuer: Kinross Gold Corporation

-- Outlook, Changed To Stable From Rating Under Review

Confirmations:

Issuer: Kinross Gold Corporation

-- Probability of Default Rating, Confirmed at Ba1-PD

-- Corporate Family Rating, Confirmed at Ba1

-- Senior Unsecured Regular Bond/Debenture, Confirmed at
    Ba1(LGD4)

Affirmations:

Issuer: Kinross Gold Corporation

-- Speculative Grade Liquidity Rating, Affirmed SGL-1

RATINGS RATIONALE

Kinross' Ba1 CFR is primarily driven by Moody's expectation of
continuing low leverage (about 2x adjusted debt/EBITDA) coupled
with a concentration of cash flow from one mining complex in Russia
(Ba1/ RUR), although this concentration has been reduced recently.
“Moody's estimates that about 40% of the company's EBIT less
sustaining capital expenditures will be generated from Russia in
2016. Although Kinross acquired two operating gold mines in Nevada
in early 2016 and the contribution from the US properties decreases
its cash flow reliance from Russia, we view the Russian mine
contribution still as significant.” Kinross' mines outside of
Russia collectively have mid-range to higher costs, while the costs
of its Russian operations are among the industry's lowest, which in
a lower gold price environment result in an increased proportion of
cash flows from the Russian mine. However, inclusion of the new US
properties in the company's producing portfolio will contribute to
an improved cost position of its other assets after 2016 when the
stripping campaign currently in process at Bald Mountain is
completed. As a consequence, the more material benefits from the
Nevada mine acquisition are anticipated to be realized after 2016.
Concentration risks are countered by Kinross' low financial
leverage (2.3x adjusted debt/EBITDA as at December 31, 2015), large
scale (2.6 million of gold equivalent ounces from nine mines in
2015) and very good liquidity, which provides flexibility to absorb
a period of lower gold prices or event risks associated with its
exposure to Russia. “We expect Kinross' ongoing efficiency
efforts , together with benefits from the lower oil price and
depreciating currencies against the US dollar will enable the
company to generate modestly positive free cash flow and maintain
financial leverage below 2.5x over the next couple of years at a
gold price sensitivity of $1,100/oz.”

Kinross has very good liquidity (SGL-1), which is supported by the
company's approximately $700 million of cash and $1.5 billion of
unused availability on its revolving credit facility (matures Aug
2020) following its January 2016 acquisition of Bald Mountain and
the remaining 50% interest in Round Mountain for $610 million in
cash and the $288 million bought deal financing. Moody's expects
that the company will generate modest positive free cash flow
through 2017, incorporating a gold price sensitivity of $1,100/oz.
Kinross' debt maturity schedule through 2018 is minimal and
consists of $250 million due in 2016. Moody's expects Kinross will
remain comfortably in compliance with its max 3.5x leverage (net
debt/ EBITDA) bank facility covenant.

The stable outlook reflects that Kinross will continue to maintain
its robust liquidity profile and protective all-in production cost
profile (all in sustaining cost of $975/oz in 2015) which ensure
consistent free cash flow generation in a volatile gold price
environment with leverage remaining at current levels. At the same
time the rating assumes Kinross continues to successfully operate
in Russia.

Kinross' rating could be upgraded if Moody's expects the company
would reduce its concentration of cash flow (EBIT- sustaining
capex) from Russia below 30%, the rating of the Government of
Russia was stabilized at Ba1 or better, and Kinross was likely to
sustain its adjusted Debt/ EBITDA below 3x.

Kinross' rating could be downgraded if Moody's expects the
company's adjusted Debt/ EBITDA to be sustained above 3.5x. It
could also move downward if Russia's sovereign rating was to be
downgraded below Ba2 or the country implemented capital controls.

Headquartered in Toronto, Canada, Kinross operates ten mines in
Russia, the US, Brazil, Ghana, Mauritania and Chile. Revenues for
the twelve months ended December 2015 were $3.1 billion and the
company had production of 2.6 million gold equivalent ounces.


LANDESK GROUP: AppSense Acquisition No Impact on Moody's B2 CFR
---------------------------------------------------------------
Moody's Investors Service said LANDesk Group, Inc.'s (B2, stable
outlook) definitive agreement to acquire AppSense, a leading
provider of secure user environment solutions, has no effect on its
ratings, including the B2 Corporate Family Rating or the stable
outlook.


LANDMARK HOSPITALITY: Case Summary & 16 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Landmark Hospitality, LLC
        10906 N Sand Canyon PL
        Tucson, AZ 85737

Case No.: 16-02826

Chapter 11 Petition Date: March 21, 2016

Court: United States Bankruptcy Court
       District of Arizona (Tucson)

Judge: Hon. Brenda Moody Whinery

Debtor's Counsel: Eric Slocum Sparks, Esq.
                  ERIC SLOCUM SPARKS PC
                  110 S Church Ave #2270
                  Tucson, AZ 85701
                  Tel: 520-623-8330
                  Fax: 520-623-9157
                  E-mail: law@ericslocumsparkspc.com

Total Assets: $2.78 million

Total Liabilities: $3.75 million

The petition was signed by Jyotindra Patel, member.

A list of the Debtor's 16 largest unsecured creditors is available
for free at http://bankrupt.com/misc/azb16-02826.pdf


LIBERTY ASSET: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Liberty Asset Management Corporation
        2648 E. Workman Avenue #3001-263
        West Covina, CA 91791

Case No.: 16-13575

Type of Business: Renting, buying, selling, and appraising real
                  estate.

Chapter 11 Petition Date: March 21, 2016

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

Debtor's Counsel: David B Golubchik, Esq.
                  LEVENE NEALE BENDER YOO & BRILL LLP
                  10250 Constellation Blvd Ste 1700
                  Los Angeles, CA 90067
                  Tel: 310-229-1234
                  E-mail: dbg@lnbyb.com

Estimated Assets: $100 million to $500 million

Estimated Debts: $50 million to $100 million

The petition was signed by Benjamin Kirk, CEO.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
JD Brothers LLC                                      $21,960,000
530 Showers Drive,
Suite 7-315
Mountain View, CA 94040

Faith Hope                                           $12,000,000
International Ltd.
126 Atherton Ave.
Atherton, CA 94027

Remy Associates, Inc.                                 $7,683,939
126 Atherton Ave.
Atherton, CA 94027

Smart Gear                                            $6,000,000
Development Ltd.
126 Atherton Avenue
Atherton, CA 94027

Lee Walgreens 2013 LLC                                $3,000,000
2880 Lakeside Drive, Suite 112
Santa Clara, CA 95054

Heusing Holdings, LLC                                 $2,650,000
8 Aristotle
Irvine, CA 92603

HCL 2011 LLC                                          $1,750,000
2880 Lakeside Drive, Suite 112
Santa Clara, CA 95054

PA One LLC                                            $1,650,000
One Ferry Building, Suite 200
San Francisco, CA 94111

PA One LLC                                            $1,650,000
One Ferry Building, Suite 200
San Francisco, CA 94111

Good Special International Ltd                        $1,375,000
126 Atherton Avenue
Atherton, CA 94027

HCL 2011 LLC                                            $950,000
2880 Lakeside Drive, Suite 112
Santa Clara, CA 95054

Richbest Holding LLC                                    $900,000
803 Pilgram Loop
Lafayette, CA 94549

Minyu Jessica Chang                                     $757,500
803 Pilgram Loop
Fremont, CA 94539

Jean Hung                                               $750,000
156 Bay View Drive
San Carlos, CA 94070

HT 2011 REO                                             $690,000
Management LLC
1181 Spring Hill
Way, San Jose
San Jose, CA 95120

Chin-I Tu                                               $552,982
126 Atherton Avenue
Atherton, CA 94027

Union square 117 Project LLC                            $451,742
One Montgomery Street
Suite 3000
San Francisco, CA 94104

Heusing Holdings, LLC                                   $450,800
8 Aristotle
Irvine, CA 92603

Great Vista Real Estate                                 $450,000
126 Atherton Ave.
Atherton, CA 94027

Brooker Parker LLC                                      $308,686
20651 Golden
Springs Street #334
Diamond Bar, CA 91789


LOUISIANA PELLETS: Meeting of Creditors on April 6
--------------------------------------------------
A meeting of creditors of Louisiana Pellets, Inc and German Pellets
Louisiana, LLC under 11 U.S.C. Sec. 341(a) on April 6, 2016 at 1:00
p.m. at the 2nd Floor, Bankruptcy Courtroom, 300 Jackson St.,
Alexandria, LA.

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

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

                      About Louisiana Pellets

Louisiana Pellets, Inc and German Pellets Louisiana, LLC are
members of the "German Pellets" family of companies, which is a
family of related companies centered in Wismar, Germany, operating
in the wood pellets industry.

LPI owns a wood pellet production facility located on 334 acres of
land in Urania, Louisiana.  The Facility is still under
construction and is not yet fully complete or operational.  GPLA
is
the general contractor for construction of the Facility.  A
contract is in place with E.ON UK PLC (a United Kingdom utility
company) to purchase the wood pellet production from the Facility.

LPI and PLA sought Chapter 11 protection (Bankr. W.D. La., Lead
Case No. 16-80162) on Feb. 18, 2016, due to cost overruns and
delays in the course of construction of their
still-to-be-completed
wood pellet production facility.  The petitions were signed by
Anna-Kathrin Leibold, president and chief executive officer.  The
Hon. John W. Kolwe presides over the case.  

Louisiana Pellets, Inc., estimated assets and debts at $100
million
to $500 million.  German Pellets estimated assets and debts at $50
million to $100 million.

The Debtors tapped Locke Lord LLP, as counsel.

                           *     *     *

According to the docket, the Debtor's Chapter 11 plan and
Disclosure Statement are due June 17, 2016.  A status conference
hearing is scheduled for July 6, 2016, at 9:30 a.m.


MDC PARTNERS: Moody's Rates New $800MM 8-Yr. Unsecured Note 'B3'
----------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to MDC Partners
Inc.'s (MDC) proposed $800 million 8 year senior unsecured note.
The corporate family rating (CFR) is unchanged a B2 and the outlook
is stable.

The proceeds from the proposed $800 million note are expected to be
used to refinance the existing $735 million senior note due 2020,
pay the call premium and expenses as well as provide approximately
$22 million for general corporate purposes. The B3 rating on the
existing $735 million note will withdrawn upon repayment.

The proposed transaction is expected to increase leverage to 6.8x
from 6.5x (including deferred acquisition consideration and
minority interest puts as debt, but excluding lease adjustments) as
of Q4 2015 due to the $65 million increase in debt. However,
deferred acquisition consideration payments due in 2016 and EBITDA
growth are expected to lead to a reduction in leverage to the mid
5x range by the end of 2016 absent any new acquisitions.

Rating Summary:

Issuer: MDC Partners Inc.

$800 million Senior Unsecured Note due 2024 assigned a
B3 (LGD4)

Corporate Family Rating unchanged at B2

Probability of Default Rating unchanged at B2-PD

Speculative Grade Liquidity Rating unchanged at SGL-3

Outlook, is unchanged at stable

RATINGS RATIONALE

"The B2 CFR reflects MDC's high pro-forma leverage level of 6.8x as
of Q4 2015 (including deferred acquisition consideration and
minority interest puts as debt, but excluding lease adjustments),
although leverage is projected to decline in 2016 from a
combination of deferred acquisition payments and EBITDA growth.
Historically, the company has pursued an aggressive financial
policy including acquisitions funded with cash and deferred
acquisition payments that has negatively impacted its liquidity and
led to frequent debt issuance. We expect a moderation in financial
policy going forward due to a change in management in 2015. There
is also an ongoing SEC investigation of the company that increases
uncertainty, although we believe the company has taken steps to
address the issues raised by the investigation. The rating also
reflects the relatively small size of the company compared to its
key competitors and its sensitivity to consumer ad spending."

The ratings receive strength from strong organic revenue and EBITDA
growth, a focus on digital advertising, and a more diversified
revenue stream which has reduced dependence on any one client or
industry. The company also benefits from good performance at some
of its partner agencies that have won several industry awards and
produced high profile ad campaigns. While acquisitions have limited
its liquidity position over the years and raised debt levels, the
additional businesses have also expanded the business model and
allowed the company to offer an increased range of services that
create opportunities to cross sell services to its existing
clients.

The liquidity position is adequate as indicated by its SGL-3
rating. Pro-forma for the transaction, MDC is expected to have $60
million in cash as of Q4 2015 (down from $113 million at the end of
2014) and a $325 million revolving credit facility (not rated by
Moody's) due September 2019 with approximately $320 million
available. The maturity of the revolver is expected to be extended
in the near term. Capex is projected to be approximately $25
million in 2016. Dividends are expected to be $42 million which is
unchanged from 2015. Reoccurring acquisition consideration payments
and minority equity put rights which effectively act as short term
debt, impact its liquidity position. The total deferred acquisition
consideration is $347 million at YE 2015 (up from $205 million in
2014) with the current portion of $130 million and a long term
portion of $217 million. Growth from partner agencies or new
acquisitions will offset part of the deferred acquisition
consideration paid during the year, although MDC would benefit from
the additional EBITDA from the acquired company. The put rights
balance to the company is $18 million. An additional amount of $49
million (down from $175 million in 2014) is potentially putable to
the company upon termination or death of specific employees (which
is not included in Moody's leverage calculation).

The company has benefited from working capital improvements aided
by its acquisition of media companies (the working capital deficit
is $404 million as of 2015), but its liquidity position would be
negatively impacted if operating performance declined. The
revolving credit facility is subject to a senior leverage ratio,
total leverage ratio, fixed charge ratio, and minimum EBITDA test
of $105 million (as defined by the credit agreement). The company
currently has a substantial cushion of compliance against all four
covenants.

"The outlook is stable reflecting our expectation for leverage to
decrease to the mid 5x range as deferred acquisition consideration
payments are made in 2016 and from revenue growth in the mid single
digits. We also project the company to benefit from cost savings
following the change in management in 2015."

Positive rating pressure could develop if leverage declines to less
than 4.25x (as calculated by Moody's) on a sustained basis. Free
cash flow as a percentage of debt improves to approximately 10%,
and the company maintains a good liquidity position with a less
aggressive financial policy.

The rating would be downgraded if leverage is expected to remain
above 6.25x (as calculated by Moody's). Failure to maintain an
adequate liquidity profile after acquisition consideration
payments, minority interest puts, interest expense and dividend
payments would also lead to negative rating pressure.

MDC Partners Inc. (MDC) is a marketing, advertising, activation,
communications and strategic consulting solutions company. MDC's
partner agencies include Anomaly, Crispin Porter + Bogusky, Doner,
kirshenbaum bond senecal + partners, and 72andSunny as well as
numerous other partner agencies. Revenue for the FY 2015 was $1.3
billion.


METROPOLITAN AUTOMOTIVE: Court Sets May 27 General Claims Bar Date
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California,
Riverside Division, has set a deadline of May 27, 2016, for
creditors of Metropolitan Automotive Warehouse, Inc. and Star Auto
Parts, Inc. to file proofs of claim.  The proofs of claim must be
filed with the Court Clerk at 3420 Twelfth Street, Riverside, CA.

For claims of governmental units, the last day to file a proof of
claim is July 5, 2016.

For claims arising from the avoidance of a transfer under Chapter 5
of the Bankruptcy Code (11 U.S.C. Sec. 544 and following), the last
day to file a proof of claim is the later of (a) the Bar Date or
(b) 30 days after the entry of judgment avoiding the transfer.

If a claim is listed on the Debtors' official bankruptcy schedules
of assets and liabilities and is not listed as disputed,
contingent, unliquidated or unknown, the claim is deemed filed in
the amount set forth in the Schedules.

Claims arising from unpaid goods received by the Debtors in the
ordinary course of business within 20 days prepetition are subject
to an administrative expense priority pursuant to 11 U.S.C> Sec.
507(a)(2) and 503(b)(9).  Any creditor who wishes to assert such a
claim must file a proof of claim by the Bar Date.

                     About Metropolitan Automotive

Metropolitan Automotive Warehouse, Inc. is a family-owned Southern
California-based business, distributing automotive aftermarket
parts for the last 60 years, with operations in Southern California
and Central California.  Metropolitan distributes aftermarket
automotive parts to retail stores and also sells to and fulfills
orders for various e-commerce customers.

Star Auto Parts, Inc., a wholly-owned subsidiary of Metropolitan,
is a Southern California based retailer of aftermarket parts.  Star
sells aftermarket automotive parts directly to repair facilities
also known as the "Do-it-for-Me" channel, end users, also known as
the "Do-it-Yourself" channel, and businesses, which own and operate
vehicle fleets.  

Metropolitan and Star Auto employ approximately 1,000 persons.

Metropolitan Automotive Warehouse, Inc. and Star Auto Parts sought
Chapter 11 protection (Bankr. C.D. Cal.) on Jan. 6, 2016.  The
cases are jointly administered under Case No. 16-10096.  Judge
Wayne E. Johnson is assigned to the cases.  The petitions were
signed by Ron Turner, the president.  

The Debtor has estimated assets in the range $10 million to $50
million and estimated liabilities of $50 million to $100 million.

Richard Pachulski serves as the Debtors' CRO.  Winthrop Couchot
Professional Corporation serves as the Debtor's counsel.
SierraConstellation Partners is the Debtors' financial advisor.
Imperial Capital, LLC, is the investment banker.

A 7-member panel has been appointed as the official committee of
unsecured creditors in the Debtor's case.  The Creditors Committee
retained Sidley Austin LLP as its counsel; and Alvarez & Marsal
North America, LLC, as financial advisor.


MILLER AUTO PARTS: Gets Court Approval to Settle Cummins Claims
---------------------------------------------------------------
Miller Auto Parts & Supply Company Inc. received court approval for
a deal that would resolve the claims of Cummins Filtration Inc.
against the company.

Under the deal, Cummins will get a $348,399 general unsecured
claim, down from the $519,720 it originally wanted.  

In return, the company will no longer seek payment for its
administrative expense claim in the amount of $214,025.  Cummins
will also pay $86,800 to Miller, which agreed to drop the case it
filed against the company in connection with the claims.

The settlement was approved by Judge Mary Grace Diehl of the U.S.
Bankruptcy Court for the Northern District of Georgia.

Judge Diehl had previously approved another settlement proposed by
Miller, which called for the withdrawal of Global Parts
Distributors LLC's administrative claims totaling $397,500, and the
dismissal of the case filed by the company against the claimant.  


                      About Miller Auto Parts

Miller Auto Parts & Supply Company, Inc., and its affiliates are
distributors of automotive parts and service equipment.  The
companies operate from the Johnson Industries Inc.'s headquarters
in Atlanta, Georgia and have distribution operations in the
southeast, northeast and on-line.  The Southeastern distribution
center is located in Norcross, Georgia and supports nine satellite
centers across the state and supplies parts to key fleet customers
across the country.

Miller Auto Parts and its three subsidiaries sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga.) on Sept. 15, 2014.  The
Debtors have sought joint administration under Lead Case No.
14-68113. The cases are assigned to Judge Mary Grace Diehl.

The Debtors have tapped Scroggins & Williamson as counsel and Logan
& Co. as claims and noticing agent.

The U.S. Trustee for Region 21 appointed three creditors of Miller
Auto Parts & Supply Company Inc. to serve on the official committee
of unsecured creditors.  The Committee selected Kane Russell
Coleman & Logan as its counsel.


MILLER AUTO PARTS: March 24 Hearing on GM Claims Settlement
-----------------------------------------------------------
A U.S. bankruptcy court is set to hear a motion to approve a
settlement of claims filed by General Motors LLC against Miller
Auto Parts & Supply Company Inc. and its three affiliates.

The U.S. Bankruptcy Court for the Northern District of Georgia will
take up the motion at a hearing on March 24.

The settlement requires Miller to pay $400,000 to General Motors
from the proceeds of sale of the company's assets.

In return, General Motors' $3.46 million secured claim against
Miller and each of its affiliates will be "deemed avoided in full,"
according to the settlement entered into by General Motors and the
official committee of unsecured creditors on behalf of the
companies.

                      About Miller Auto Parts

Miller Auto Parts & Supply Company, Inc., and its affiliates are
distributors of automotive parts and service equipment.  The
companies operate from the Johnson Industries Inc.'s headquarters
in Atlanta, Georgia and have distribution operations in the
southeast, northeast and on-line.  The Southeastern distribution
center is located in Norcross, Georgia and supports nine satellite
centers across the state and supplies parts to key fleet customers
across the country.

Miller Auto Parts and its three subsidiaries sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga.) on Sept. 15, 2014.  The
Debtors have sought joint administration under Lead Case No.
14-68113. The cases are assigned to Judge Mary Grace Diehl.

The Debtors have tapped Scroggins & Williamson as counsel and Logan
& Co. as claims and noticing agent.

The U.S. Trustee for Region 21 appointed three creditors of Miller
Auto Parts & Supply Company Inc. to serve on the official committee
of unsecured creditors.  The Committee selected Kane Russell
Coleman & Logan as its counsel.


MILLER AUTO PARTS: March 24 Hearing on Goodman Claims Settlement
----------------------------------------------------------------
A U.S. bankruptcy court is set to hear a motion to approve a
settlement of claims filed by the Estate of David K. Goodman, Jr.
against Miller Auto Parts & Supply Company Inc. and its three
affiliates.

The U.S. Bankruptcy Court for the Northern District of Georgia will
take up the motion at a hearing on March 24.

The agreement requires the companies to pay Goodman $150,000.
Thereafter, the companies will pay Goodman up to 10% of any money
recovered on behalf of the bankruptcy estates against certain
claimants in an amount up to a cap of $225,000.

                      About Miller Auto Parts

Miller Auto Parts & Supply Company, Inc., and its affiliates are
distributors of automotive parts and service equipment.  The
companies operate from the Johnson Industries Inc.'s headquarters
in Atlanta, Georgia and have distribution operations in the
southeast, northeast and on-line.  The Southeastern distribution
center is located in Norcross, Georgia and supports nine satellite
centers across the state and supplies parts to key fleet customers
across the country.

Miller Auto Parts and its three subsidiaries sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga.) on Sept. 15, 2014.  The
Debtors have sought joint administration under Lead Case No.
14-68113. The cases are assigned to Judge Mary Grace Diehl.

The Debtors have tapped Scroggins & Williamson as counsel and Logan
& Co. as claims and noticing agent.

The U.S. Trustee for Region 21 appointed three creditors of Miller
Auto Parts & Supply Company Inc. to serve on the official committee
of unsecured creditors.  The Committee selected Kane Russell
Coleman & Logan as its counsel.


MOLYCORP INC: Seeks to Surcharge Mountain Pass Costs to Collateral
------------------------------------------------------------------
Molycorp, Inc., et al., seek authority from the U.S. Bankruptcy
Court to surcharge the 10% Notes Collateral for the costs that have
been and may be incurred in connection with the protection and
preservation of the Mountain Pass Assets.

The Debtors assert that the main recovery for the 10% Noteholders
on account of their secured claims is anticipated to come almost
exclusively from: (a) substantially all the assets of Molycorp,
Inc. and Molycorp Minerals, including, but not limited to, the
Mountain Pass Assets; (b) Net Intercompany Receivables; and (c) a
65% equity pledge in Molycorp Luxembourg Holdings S.a.r.l., MCP
Exchangeco Inc., and MCP Callco ULC.

The Debtors further assert that given the ongoing losses at
Mountain Pass and in connection with the Final DIP Order, the
Debtors are required to formulate and complete a limited operations
plan to transition Mountain Pass into care and maintenance that
would (a) significantly reduce the cash cost associated with
operating the facility, (b) preserve rights under mining and other
permits, including bonding obligations, and maintain compliance
with regulatory and environmental requirements, and (c) prevent
damage and destruction of plant buildings, machinery and equipment.
All three of these changes incurred costs that were reasonable and
necessary and directly benefitted the 10% Noteholders through the
preservation of their collateral, the Debtors say.

The Debtors tell the Court that Section 506(c) of the Bankruptcy
Code permits them to seek a surcharge of the amounts they have
incurred in the implementation and transitioning of care and
maintenance, which cost total approximately $11.9 million.
Subsequently, the Debtors say they continue to incur recurring
monthly costs with respect to the general maintenance, upkeep and
preservation of Mountain Pass in an aggregate amount of
approximately $18.990 million to date, and anticipate ongoing
monthly costs of approximately $1.577 million.

Furthermore, the Debtors contend that the LOP to Mountain Pass is a
decision that all parties in the bankruptcy cases, including the Ad
Hoc Group of 10% Noteholders and the Official Committee of
Unsecured Creditors, are notified of and do not object to.
Accordingly, any prudent owner of the Mountain Pass Assets,
including the 10% Noteholders, if they foreclose on the assets,
will incur these costs, the Debtor say.

Hearing on the Debtors' Motion is scheduled for March 28, 2016.

The Molycorp, Inc., et al. are represented by:

          M. Blake Cleary, Esq.
          Edmon L. Morton, Esq.
          Justin H. Rucki, Esq.
          Ashley E. Jacobs, Esq.
          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          Rodney Square
          1000 North King Street
          Wilmington, Delaware 19801
          Telephone: (302) 571-6600
          Facsimile: (302) 571-1253
          Email: mbcleary@ycst.com
                 emorton@ycst.com
                 jrucki@ycst.com
                 ajacobs@ycst.com

          -- and -–

          Paul D. Leake, Esq.
          Lisa Laukitis, Esq.
          George R. Howard, Esq.
          JONES DAY
          222 East 41st Street
          New York, New York 10017
          Telephone: (212) 326-3939
          Facsimile: (212) 755-7306
          Email: pdleake@jonesday.com
                 llaukitis@jonesday.com
                 grhoward@jonesday.com

          -- and -–

          Joseph M. Tiller, Esq.
          JONES DAY
          77 West Wacker
          Chicago, Illinois 60601
          Telephone: (312) 782-3939
          Facsimile: (312) 782-8585
          Email: jtiller@jonesday.com

             About Molycorp, Inc.

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

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

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

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

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

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

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

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

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

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

                                         *     *     *

Judge Christopher Sontchi in Delaware approved the disclosure
statement explaining the Debtors' Plan on Jan. 20, 2015, after the
Debtors revised the Disclosure Statement to incorporate certain
modifications directed by the Court during the Jan. 14 hearing.

The Plan contemplates two possible outcomes: (1) the sale of
substantially all of the Debtors' assets if certain conditions set
forth in the Plan are satisfied and (2) (a) the sale of the assets
associated with the Debtors' Mountain Pass mining facility in San
Bernardino County, California; and (b) the stand-alone
reorganization around the Debtors' other three business units.


MONITRONICS: Moody's Cuts CFR to B3 & $1.25BB Bank Debt to B1
-------------------------------------------------------------
Moody's Investors Service downgraded Monitronics' Corporate Family
Rating ("CFR") and Probability of Default Rating ("PDR") to B3 and
B3-PD, respectively. Moody's also downgraded the company's
approximately $1.25 billion of first-lien, senior secured bank
debt, to B1, and its $585 million senior unsecured notes, to Caa2.
Moody's affirmed Monitronics' SGL-3 Speculative Grade Liquidity
rating. The rating outlook was changed to negative from stable.

The downgrade of the CFR reflects weaker than expected operating
performance in 2015 and the potential for further increases in
customer attrition rates in 2016. Moody's expects another year of
negative free cash flow in 2016, which will lead to increased
reliance on the revolving credit facility that matures in December
2017.

Downgrades:

Issuer: Monitronics International, Inc.

--  Probability of Default Rating, Downgraded to B3-PD from B2-PD

--  Corporate Family Rating, Downgraded to B3 from B2

-- Senior Secured Bank Credit Facilities, Downgraded to B1 (LGD3)

    from Ba3 (LGD3)

-- Senior Unsecured Regular Bond/Debentures, Downgraded to Caa2
    (LGD5) from Caa1 (LGD5)

Outlook Actions:

Issuer: Monitronics International, Inc.

-- Outlook changed to negative

Affirmations:

Issuer: Monitronics International, Inc.

-- Speculative Grade Liquidity Rating, Affirmed SGL-3

RATINGS RATIONALE

The B3 CFR reflects Moody's expectation that Monitronics will face
heightened operational and market risks this year, as it seeks to
rein in expenses, improve high attrition, and adjust its
dealer-only model to increasing costs for acquiring subscribers.
The integration of LiveWatch, a fast-growing D-I-Y home-security
provider acquired in early 2015, appears to be going well, but the
acquired company's margins are lower than Monitronics' core
business, which has cut into profitability. As in 2015, heavy costs
for converting tens of thousands of customers from their 2G
wireless spectrum (a process that itself will exacerbate attrition)
will hamper free cash flow this year, as will expenses incurred for
initiatives undertaken to improve marketing effectiveness and to
combat higher attrition. In turn, borrowings under Monitronics'
heavily used revolver will likely increase this year, which
heightens refinancing risk as the facility expires in late 2017.

Moody's recognizes the company's stated 2016 goals to focus more on
improving operating cash flows and creation multiples, and less on
top line growth -- responses impelled, Moody's believes, by the
strength of the market for alarm-monitoring subscriber assets and
the negative impact it has had on Monitronics' dealer-only model
over the past year. While the incorporation of LiveWatch itself
will help improve creation multiples because of foregone dealer
installation costs and direct-to-consumer sales, in its core
business Monitronics will focus on generating new subscribers from
less expensive dealers.

The negative outlook reflects Moody's expectation that attrition
rates will weaken and free cash flow will be negative this year
even with the assumption that Monitronics moderately scales back
the pace of subscriber acquisitions. The resultant reliance on the
revolver for operational initiatives and to fund purchases of new
subscriber contracts from dealers will cause a moderate increase in
debt-to-steady-state-EBITDA leverage. However, Moody's also expects
that Monitronics will successfully integrate recent acquisitions
while continuing to grow RMR by low-single-digit percentages
annually.

The ratings could be downgraded if attrition rates rise more than
expected, dealer multiples fail to moderate, or liquidity
deteriorates. The failure to refinance debt maturities well in
advance of the maturity date could also pressure the ratings. The
ratings could be upgraded if attrition rates, dealer multiples and
the liquidity profile improve and Moody's believes that Monitronics
can sustain solidly positive steady-state free cash flow.

With Moody's-expected revenues approaching $600 million in 2016,
Monitronics International, Inc. provides alarm monitoring services
to about 1.1 million, mainly residential customers in the U.S.
Monitronics is owned by Ascent Capital Group, Inc. ("Ascent
Capital", ticker: ASCMA).


NEVADA REGIONAL: S&P Raises Rating to 'B', Outlook Stable
---------------------------------------------------------
Standard & Poor's Ratings Services raised its long-term rating and
underlying rating (SPUR) to 'B' from 'B-' on  Nevada, Mo.'s series
2007 hospital refunding revenue bonds, issued for the Nevada
Regional Medical Center (NRMC).  The outlook is stable.

"The rating action reflects our view of NRMC's significantly
improved financial performance in fiscal 2015 and fiscal 2016 to
date, as well as its new management team, which is committed to
controlling costs and returning the hospital to at least break-even
margins," said Standard & Poor's credit analyst Allison Bretz.

The stable outlook reflects S&P's view that, during the one-year
outlook period, NRMC will be able to sustain operating margins near
break-even levels while maintaining maximum annual debt service
coverage of at least 1x.


NEWSTARCOM HOLDINGS: Matco Units Win Summary Judgment
-----------------------------------------------------
Judge Christopher S. Sontchi of the United States Bankruptcy Court,
for the District of Delaware issued a ruling on four related
motions in the adversary proceeding captioned GEORGE L. MILLER, as
Chapter 7 Trustee Of the Estates of NewStarcom Holdings, Inc., et
al., Plaintiff, v. AMERICAN CAPITAL, LTD., STEVEN PRICE, GORDON
O'BRIEN, MARK FIKSE, CRAIG MOORE, MATCO ELECTRIC CORP. f/k/a Matco
Associates Inc., RONALD BARBER, MARK FREIJI, and KENNETH ELLIOTT,
Defendants, Adv. No. 10-50063 (CSS) (Bankr. D. Del.).

The defendants in the proceeding are seven individuals and two
corporate entitites.  The individual defendants are composed of two
distinct groups, namely: the "ACAS Defendants" and the "New Matco
Defendants," based on their employment by one of the two corporate
entities.

George R. Miller, as Chapter 7 Trustee for the estate of NewStarcom
Holdings, Inc., et al., claimed that each defendant owed a
fiduciary duty to one or more of the debtors, and that each
defendant either breached his own fiduciary duties or assisted in
another's breach of fiduciary duties.  Miller filed a motion to
supplement the record and/or have the court take judicial notice of
the debtors' schedules and a motion for reconsideration of the
court's earlier order dismissing the Trustee's fraudulent transfer
claims.

The ACAS Defendants sought to strike the expert report of the
Brownstein Company, Miller's expert testimony.  The New Matco
Defendants sought summary judgment on the Trustee's claims that
they breached their fiduciary duties or assisted the ACAS
Defendants in breaches of fiduciary duties.

Summary judgment was entered in favor of the New Matco Defendants
on all claims asserted against them.  Judge Sontchi found that
Miller has failed to refine the broad claims of his complaint into
specific claims based on the facts in evidence.  The judge held
that Miller's breach of fiduciary claims fail because they do not
recognize the distinction between the fiduciary duties of the New
Matco Defendants and the duties of the ACAS Defendants.  The judge
also held that Miller's aiding and abetting claims fail because he
has pointed to no evidence sufficient to show at trial that the New
Matco Defendants "knowingly" aided and abetted the ACAS Defendants.
Finally, Judge Sontchi concluded that Miller's failure to
acknowledge the factual context of his claims against the ACAS
Defendants renders most of his inferences so implausible that they
cannot be accepted by the court, even at summary judgment, when all
reasonable inferences must be drawn in his favor.

Judge Sontchi decided to take judicial notice of the debtors'
schedules and statement of financial affairs, finding that these
documents clearly fall within the range of uncontested documents
which the court should take judicial notice upon request by a
party.  The judge, however, clarified that the taking of judicial
notice of the debtors' schedules and statement of financial affairs
does not establish as fact any of the information or attestations
within them.

As to the ACAS Defendants' motion to strike, Judge Sontchi found
that on the whole, the Brownstein Company's expert report presents
relevant, admissible evidence and that while the report's overuse
of legal terms would be of substantial concern at a jury trial,
such concern is greatly lessened when the court is sitting as the
trier-of-fact.  The judge also found that because the report does
not attempt to define Delaware law or perform legal analysis, there
is no reason for it to be struck in full from the adversary
proceeding.  As such, Judge Sontchi granted in part and denied in
part the ACAS Defendants' motion to strike.

Lastly, Judge Sontchi denied Miller's motion for reconsideration.
The judge explained that Miller failed to properly and timely
assert his fraudulent transfer claim and that he failed to show new
evidence that warrants reconsideration of the court's 2012 order.

A full-text copy of Judge Sontchi's March 8, 2016 opinion is
available at http://is.gd/J9bgk9from Leagle.com.

The bankruptcy case is In re: NEWSTARCOM HOLDINGS, INC., et al.,
Chapter 11, Debtors, Case No. 08-10108 (CSS)(Bankr. D. Del.).

George L. Miller, as Chapter 7 Trustee of the Estates of NewStarcom
Holdings, Inc., et al. is represented by:

          Nella M. Bloom, Esq.
          BLOOM & BLOOM , LLC
          1528 Walnut Street, Suite 910
          Philadelphia, PA 19102
          Tel: (267)630-2466
          Email: nella@bloomandblooom.net

            -- and --

          William J Burnett, Esq.
          FLASTER GREENBERG, PC
          4 Penn Center
          1600 JFK Boulevard, 2nd Floor
          Philadelphia, PA 19103
          Tel: (215)279-9393
          Fax: (215)279-9394
          Email: william.burnett@flastergreenberg.com

            -- and --

          Douglas Evan Ress, Esq.
          Steven M. Coren, Esq.
          KAUFMAN, COREN & RESS, P.C.
          Two Commerce Square, Suite 3900
          2001 Market Street
          Philadelphia, PA 19103
          Tel: (215)735-8700
          Fax: (215)735-5170
          Email: dress@kcr-law.com
                 scoren@kcr-law.com

American Capital, Ltd. is represented by:

          David B. Bergman, Esq.
          Noah L. Browne, Esq.
          Laura D'Allaird, Esq.
          ARNOLD & PORTER LLP
          601 Massachusetts Ave, NW
          Washington, DC 20001
          Tel: (202)942-5000
          Fax: (202)942-5999
          Email: david.bergman@aporter.com
                 noah.browne@aporter.com
                 laura.dallaird@aporter.com

            -- and --

          Cory D. Kandestin, Esq.
          Robert Charles Maddox, Esq.
          Robert J. Stearn, Jr., Esq.
          RICHARDS, LAYTON & FINGER, P.A.
          One Rodney Square
          920 North King Street
          Wilmington, DE 19801
          Tel: (302)651-7700
          Fax: (302)651-7701
          Email: kandestin@rlf.com
                 maddox@rlf.com
                 stearn@rlf.com

Matco Electric Corp. f/k/a/ Matco Associates, Inc. is represented
by:

          Benjamin W. Keenan, Esq.
          Ricardo Palacio, Esq.
          ASHBY & GEDDES
          500 Delaware Avenue
          Wilmington, DE 19899
          Tel: (302)654-1888
          Fax: (302)654-2067
          Email: bkeenan@geddes.com
                 rpalacio@ashby-geddes.com

            -- and --

          Daniel R. Norton, Esq.
          Amy Shapiro, Esq.
          HINMAN HOWARD & KATTELL, LLP
          700 Security Mutual Building
          80 Exchange Street
          Binghamton, NY 13901
          Email: dnorton@hhk.com
                 ashapiro@hhk.com


OW BUNKER: Court Stays Aegean Marine Petroleum Suit
---------------------------------------------------
Judge Richard A. Jones of the United States District Court for the
Western District of Washington, Seattle, granted in part and denied
in part the motion of defendants Canpotex Shipping Services, Ltd.,
Indy Maritime S.A., and Gordomichalis Maritime S.A. to dismiss,
transfer or stay the case captioned AEGEAN MARINE PETROLEUM S. A.,
Plaintiff, v. CANPOTEX SHIPPING SERVICES LTD. et al., Defendants,
Case No. 2:15-CV-00172-RAJ (W.D. Wash.), deciding to stay the case
pending numerous similar actions pending in the Southern District
of New York.

On October 17, 2014, Canpotex arranged with OW Bunker (U.K.) Ltd.
to have approximately 900 metric tons of bunker fuel delivered to
the vessel M/V KAVO PLATANOS at Vancouver, British Columbia.  OW
then contracted with Aegean to provide that fuel to the vessel.
Aegean delivered the fuel to the vessel on October 22, 2014.

Aegean later sent Canpotex a "Notice to Pay" citing OW Bunker's
financial collapse and insolvency filing, and seeking direct
payment from Canpotex for $454,050.

A few months after the OW entities filed for bankruptcy, Aegean
filed a complaint in the United States District Court for the
Western District of Washington seeking an emergency order arresting
the M/V KAVO PLATANOS while it was located in the district.  The
request was granted and the vessel was arrested.  The parties later
stipulated to a release of the vessel upon Canpotex's deposit of
$494,013 into the court's registry.

The defendants initially moved to dismiss the case for failure to
join an indispensable party, ING Bank, to whom OW Bunker assigned
with all rights, title and interest in its third party and
intercompany receivables.  However, since ING has since appeared in
this matter, Judge Jones denied the motion to dismiss as moot.

Alternatively, the defendants moved to transfer the case to the
Southern District of New York.  Judge Jones also denied this motion
because Aegean refused to consent to the transfer and the
defendants have failed to establish that this action "might have
been brought" in the Southern District of New York.

Judge Jones however, granted the defendants motion to stay the
action pending further developments in the multiple interpleader
actions pending in New York, finding that a stay would be the most
prudent course of action.

Judge Jones also granted the plaintiff Aegean Marine Petroleum
S.A.'s motion for leave to file response to additional
authorities.

A full-text copy of Judge Jones' March 9, 2016 order is available
at http://is.gd/LV24rsfrom Leagle.com.

Aegean Maritime Petroleum S.A. is represented by:

          J Stephen Simms, Esq.
          SIMMS SHOWERS LLP
          201 International Circle, Suite 250
          Hunt Valley, MD 21030
          Tel: (410)783-5795
          Fax: (410)510-1789
          Email: jssimms@simmsshowers.com

            -- and --

          Jeremy Jones, Esq.
          Christopher W Nicoll, Esq.
          NICOLL BLACK & FEIG PLLC
          Pudget Sound Plaza
          1325 Fourth Ave., Ste. 1650
          Seattle, WA 98101
          Tel: (206)838-7555
          Fax: (206)838-7515
          Email: jjones@nicollblack.com
                 cnicoll@nicollblack.com

Canpotex Shipping Services Ltd, Indy Maritime SA, Gourdomichalis
Maritime SA are represented by:

          David R Boyajian, Esq.
          Colin Jeffrey Folawn, Esq.
          SCHWABE WILLIAMSON & WYATT
          PacWest Center
          1211 SW Fifth Avenue, Suite 1900
          Portland, OR 97204
          Tel: (503)222-9981
          Fax: (503)796-2900
          Email: dboyajian@schwabe.com
                 cfolawn@schwabe.com

ING Bank, N.V. is represented by:

          Steven William Block, Esq.
          FOSTER PEPPER PLLC
          Email: steve.block@foster.com

                    About O.W. Bunker

OW Bunker AS is a global marine fuel (bunker) company founded in
Denmark.  The company declared bankruptcy on Nov. 7, 2014,
following its admission that it had lost US$275 million through a
combination of fraud committed by senior executives at its
Singaporean unit.

The Danish company placed its U.S. subsidiaries -- O.W. Bunker
Holding North America Inc., O.W. Bunker North America Inc. and
O.W. Bunker USA Inc. -- in Chapter 11 bankruptcy (Bankr. D. Conn.
Case Nos. 14-51720 to 14-51722) in Bridgeport, Conn., on Nov. 13,
2014.

The U.S. cases are assigned to Judge Alan H.W. Shiff.  The U.S.
Debtors have tapped Patrick M. Birney, Esq., and Michael R.
Enright, Esq., at Robinson & Cole LLP, as counsel.   McCracken,
Walker & Rhoads LLP is serving as co-counsel.  Alvarez & Marsal is
the financial advisor.ne fuel (bunker) company founded in
Denmark.  The company declared bankruptcy on Nov. 7, 2014,
following its admission that it had lost US$275 million through a
combination of fraud committed by senior executives at its
Singaporean unit.

The Danish company placed its U.S. subsidiaries -- O.W. Bunker
Holding North America Inc., O.W. Bunker North America Inc. and
O.W. Bunker USA Inc. -- in Chapter 11 bankruptcy (Bankr. D. Conn.
Case Nos. 14-51720 to 14-51722) in Bridgeport, Conn., on Nov. 13,
2014.

The U.S. cases are assigned to Judge Alan H.W. Shiff.  The U.S.
Debtors have tapped Patrick M. Birney, Esq., and Michael R.
Enright, Esq., at Robinson & Cole LLP, as counsel.   McCracken,
Walker & Rhoads LLP is serving as co-counsel.  Alvarez & Marsal is
the financial advisor.


PACIFIC EXPLORATION: Enters Into Forbearance Agreements
-------------------------------------------------------
Pacific Exploration & Production Corp. on March 18 announced the
release of its audited consolidated financial statements for the
year and quarter ended December 31, 2015, together with its
management discussion and analysis ("MD&A"), Annual Information
Form ("AIF") and Form 51-101 F1 - Statement of Reserves Data and
Other Oil and Gas Information for the Company (the "F1 Report") in
respect of the year ended December 31, 2015.  All values in this
news release and the Company's financial disclosures are in U.S.$,
unless otherwise stated.

Ronald Pantin, Chief Executive Officer of the Company, commented:

"The oil and gas industry has been profoundly altered as we are
firmly entrenched in the second year of low international oil
prices.  The current pricing environment continues to threaten the
economic health of the industry and many countries, with many E&P
companies going into survival mode.  Our immediate reaction in
early 2015 to the lower oil price environment has allowed Pacific
Exploration & Production Corp. to continue to deliver competitive
operating results.

"We were well positioned through 2015 with an active hedging
program to protect cash flow and that is borne out in our operating
results.  We continue to focus on maintaining and gaining
operational efficiencies and have again been able to drive cash
operating costs to record lows.  The Company has maintained its
drive to reduce cash operating costs to record levels and continues
to control G&A spending.

"Our production increased slightly in 2015, where we achieved
production from Colombia and Peru of 154,472 boe/d, including a
marginal contribution from our recent addition of Block 192 in
Peru. The Company has achieved its production guidance of 150 to
156 Mboe/d for 2015, representing modest growth over 2014.

"We continue to focus our production on light and medium oil
assets.  Exploration discoveries that were made in 2014 and further
delineated in 2015 in the Colombian foothills provided near-term
production stability.  The modest exploration activity in 2015 also
identified a number of other light oil prospects similar to the
discoveries already made with a potential inventory of development
and delineation drilling locations.

"In 2015, we earned revenues of $2,825 million and generated $1,031
million in Adjusted EBITDA1 and $579 million in funds flow from
operations1.  Despite the drop in oil prices, our operating netback
for the year ended was $25.55/boe, benefitting from reduction of
total costs complemented with a strong hedging position which
generated superior realized prices.

"We continued to streamline our operations, generating further cost
reductions during the fourth quarter of 2015 and record low cash
operating costs.  The Company achieved underlying operating costs
of $18.64/boe and total operating costs (including overlift and
other costs) of $22.52/boe, compared with $26.44/boe and
$27.28/boe, respectively, for the fourth quarter of 2014.  G&A
expenses decreased to $221 million in 2015 from $361 million in
2014 as the Company continues to maintain its drive to control
spending.  Further cost savings and G&A reductions are still
possible through 2016, due to additional restructuring of work
processes.

"The Company developed and implemented a very workable strategy in
late 2014 to address the collapse in oil prices -- cash operating
costs and G&A were cut, and capital expenditures were limited to
only priority projects that allowed us to maintain production and
protect the value of the asset base.  However, the further collapse
of oil prices early in the year has caused us to engage in a
process to restructure the balance sheet.

"As we announced in January 2016, we invoked a 30-day grace period
for making interest payments on two series of our outstanding
bonds, to allow us to engage advisors and assess strategic
alternatives to make the Company's capital structure more suitable
to current market conditions.  Subsequent to that announcement, we
have entered into forbearance agreements with certain noteholders
and banks until March 31, 2016, to allow the Company time to work
with the Independent Committee of the Board of Directors, the
Company's advisors, the banks and noteholders to come to a
consensual and comprehensive restructuring of the Company's balance
sheet.

"In summary, we believe strongly in the Company's assets and we are
working diligently to ensure that the value of these assets are
preserved for enhancement in the future.  These are exceptionally
difficult times for the oil industry, but we believe that the
Company can weather the storm and continue to move forward with
judicious use of our resources and efficient use of our technical
and operational expertise.  We are prepared for the long-term as
well as for the opportunities before us and any challenges that may
emerge."

Full Year and Fourth Quarter 2015 Results

Operational Highlights:

Net production after royalties for the full year totaled 154,472
boe/d, a 5% increase compared with 147,423 boe/d for 2014 and
within the Company's guidance for the year of 150,000-156,000
boe/d.  In the fourth quarter of 2015, average daily net production
after royalties increased to 159,831 boe/d, higher by 9% as
compared to the same period of 2014.

In 2015, the Company was able to maintain stable production levels
in the Rubiales Field despite expected declines due to depletion.
The Company continued to optimize wells and facilities to maximize
production while minimizing capital expenditures and only drilling
a minimum number of wells.  Rubiales Field production comprised 35%
of the net production for the year ended December 31, 2015.
The Company achieved a record underlying combined operating cost of
$20.73/boe and a total combined operating cost (including overlift
and other costs) of $22.96/boe, compared with $30.23/boe and
$30.51/boe, respectively, in 2014.  In the fourth quarter of 2015,
total combined operating cost was $22.52/boe compared with
$27.28/boe for the same period in 2014.
Financial Highlights:

Revenue decreased to $2,825 million compared to $4,950 million in
2014, reflecting the nearly 45% year-on-year decline in realized
crude oil prices.  Revenue for the fourth quarter of 2015 decreased
to $652 million compared with $992 million for the same period in
2014, also due to the lower realized prices but partially offset by
higher volumes sold in the period.

In 2015, revenue included $290 million in realized gains from oil
hedging contracts entered into in 2014 and early 2015, helping to
support the Company's realized prices above market rates during the
year.

Average oil and gas sales (including trading) for the year were
159,113 boe/d, 1% higher than 158,026 boe/d in 2014.  In
February 2016, the Company terminated its outstanding hedging
positions early for a total realized gain of $116 million, taking
advantage of the recent positive mark-to-market movement to improve
liquidity.

Combined operating netbacks on oil and gas for the year was
$25.55/boe, 53% lower than the $54.84/boe in 2014.  The decrease
was mainly attributable to the decline in market prices for crude
oil, partially offset by the reduction in combined operating costs
achieved during the year.

The Company's average sales price per barrel of crude oil and
natural gas was $48.51/boe for the year and $41.22/boe for the
fourth quarter of 2015, down from $85.35/boe and $65.64/boe,
respectively a year ago.

G&A expenses decreased to $221 million in 2015 from $361 million in
2014 as the Company continues to maintain its drive to control G&A
and all non-essential spending and activities in light of the
precipitous decrease in oil prices.

Adjusted EBITDA1 for the year was $1,031 million and Funds Flow1
was $579 million.  Adjusted EBITDA and Funds Flow were 58% and 71%
lower, respectively, compared with the year 2014.

Net loss for the year was $5,462 million, largely due to the $4,907
million non-cash impairment charge taken mainly on oil and gas
assets and exploration expenses, reflecting the significant decline
in crude oil prices.  It is important to highlight that this
impairment is required by International Financial Reporting
Standards ("IFRS") accounting rules and can be reversed in whole or
in part once market conditions improves with a better oil price
trend.

Cash flow from operations in 2015 was $220 million, compared with
$2,104 million in 2014.

Total capital expenditures decreased to $726 million in 2015
compared with $2,382 million in 2014.  Capital expenditures will
continue to approximately match cash flow, with spending mainly
focused on high-impact and low-risk development work.
Additional Highlights:

Total 2P certified net reserves after royalties were 290.8 MMboe as
at December 31, 2015, 43% lower compared with 510.9 MMboe as at
December 31, 2014.  Proved reserves (1P) were 197.8 MMboe as at
December 31, 2015 compared with 315.0 MMboe as at December 31,
2014. The decrease in 2P reserves was primarily attributable to
economic factors and technical revisions.

Fifteen exploration wells (including 11 appraisal wells) were
drilled resulting in three discoveries and the confirmation of ten
other previous discoveries for a total of 13 discoveries or a 87%
success rate.  Exploration activity during the year was primarily
focused on the Central and Deep Llanos in Colombia that added an
average of 14,591 bbl/d of light oil production in 2015.

On December 28, 2015, the Company obtained waivers of the debt
leverage and net equity covenants under its $1 billion Revolving
Credit Facility and the Bank of America, HSBC, and Bladex credit
facilities (the "Credit Facilities").

On January 14, 2016, the Company announced it had elected to
utilize the 30-day grace period under the applicable note
indentures and not make interest payments of $66.2 million in the
aggregate on its senior notes maturing in 2019 ("2019 Senior
Notes") and those maturing in 2025 ("2025 Senior Notes", and
together with the 2019 Senior Notes, the "Notes").  On February 18,
2016, the Company entered into an extension agreement (the
"Noteholder Extension Agreement") with certain holders of the 2019
Senior Notes and 2025 Senior Notes.  Under the terms of the
Noteholder Extension Agreement, holders of approximately 34% of the
aggregate principal amount of outstanding 2019 Senior Notes and 42%
of the aggregate principal amount of outstanding 2025 Senior Notes
have agreed, subject to certain terms and conditions, to forbear
from declaring the principal amounts of the Notes (and certain
additional amounts) due and payable as a result of certain
specified defaults until March 31, 2016.

On February 19, 2016, the Company entered into separate forbearance
agreements (the "Lender Forbearance Agreements") in respect of the
Credit Facilities.  Under the terms of the Lender Forbearance
Agreements, the requisite lenders have also agreed, subject to
certain terms and conditions, to forbear from declaring the
principal amounts of such credit agreements due and payable as a
result of certain specified defaults until March 31, 2016.

The Company has also breached several minimum credit rating
covenants in certain operational agreements it has entered into as
a result of downgrades of the Company's credit ratings during 2015,
although waivers relating to these covenants have been granted for
various limited periods.

The Company continues to work with its debtholders to formulate a
comprehensive plan to address the current oil price environment and
ensure the long-term viability of its business.  The Company
remains, and intends to remain, current with its suppliers, trade
partners and contractors. Normal operations continue in Colombia
and the other jurisdictions within which the Company operates.  As
noted in the notes to the Company's audited consolidated financial
statements for the year and quarter ended December 31, 2015, there
can be no certainty as to the ability of the Company to
successfully restructure its long-term debts, amend operating
agreements to the extent necessary to eliminate credit rating
covenants, and obtain new financing should the low crude prices
persist, and accordingly, there is a material uncertainty that may
cast doubt on the ability of the Company to continue as a going
concern.

During 2015, net production after royalties totaled 154,472 boe/d,
a 5% increase compared with 147,423 boe/d for 2014, within the
Company's guidance for the year (150,000-156,000 boe/d).  In the
fourth quarter of 2015, average daily net production after
royalties increased to 159,831 boe/d, higher by 9% as compared to
the same period of 2014.  The Company was able to maintain stable
production levels in the Rubiales Field despite the declines as
previously expected.  The Company continued to optimize wells and
facilities to maximize production while minimizing capital
expenditures. Light and medium net oil production for the full year
totaled 57,022 bbl/d, an increase of 16% compared to 2014. Part of
the increase corresponds to production from Block 192 in Peru,
where the Company became the operator on August 30, 2015.  Heavy
oil production from Quifa and other fields also increased by 9%
during 2015 compared with 2014.  Light and medium oil and heavy
crude oil production (excluding the Rubiales Field) production now
represents 37% and 35%, respectively, of total net oil and gas
production, while production from the Rubiales Field represented
35% of the total net production, down from 41% in 2014.

The Company produces and sells crude oil and natural gas.  It also
purchases liquids and crude oil from third parties for trading
purposes and distillate for diluent mixing with heavy oil
production, which are included in the reported "volumes sold".
Sales volumes are also impacted by the relative movement in
inventories during a reporting period.  Both revenues and costs are
recognized on the respective volumes sold during the period.

Diluent volumes for the year decreased to 323 bbl/d from 2,405
bbl/d in 2014.  Diluent volumes have decreased by 94% since the
year ended 2013 as the Company successfully utilizes the production
of light and medium oil from prior acquisitions and new
discoveries, plus accessing new lower cost diluent service
arrangements.

Oil for trading volumes in 2015 decreased to 7,307 bbl/d from
12,085 bbl/d in 2014.  The drop in the volumes sold in 2015 was
mainly attributable to the reduction in the oil production in
Colombia, which increased the available capacity in the pipelines
for other traders to compete with better conditions. The inventory
build and other use was 6,647 bbl/d in 2015 compared to 2,655 bbl/d
in 2014.

Total volumes sold, composed of production volumes available for
sale, purchased diluent volumes, oil for trading volumes, and
inventory balance changes, increased to 159,113 boe/d in 2015 from
158,026 boe/d in 2014.

Throughout 2015 the Company continued to streamline its operations
to generate further cost reductions.  The Company achieved a record
underlying combined operating cost of $20.73/boe and a total
combined operating cost (including overlift and other costs) of
$22.96/boe, compared with $30.23/boe and $30.51/boe, respectively,
in 2014.  The decreased unit cost is mainly a result of operating
cost optimization and a 32% depreciation of the Colombian peso
against the U.S. dollar.  During the year, there was a disruption
of the Bicentenario Pipeline of 204.5 days.  However, the Company
was able to source available operational capacity in the OCENSA
pipeline at comparable per unit costs.

The Company traded an average of 7,307 bbl/d in 2015 as compared
with 12,085 bbl/d in 2014.  However, the average netback for
volumes traded in 2015 was $2.81/bbl, a gross margin of $7.5
million; versus the netback captured in 2014 of $0.67/bbl, a gross
margin of $2.9 million.  Similar trend of improved netbacks was
observed during the fourth quarter of 2015.  Trading volumes vary
with opportunities in the market place and any one quarter is not a
good indicator of future trading potential. Additional oil for
trading details are available in the MD&A.

2015 Reserves

In 2015, the Company's reserves were impacted by significantly
lower oil price forecasts resulting in economic revisions plus the
impact of normal course technical revisions as assessed by the
Company's independent reserves evaluators.  The decrease in 2P
reserves was primarily attributable to economic factors and
technical revisions.  Economic revisions as a result of lower oil
prices can usually be reversed with higher oil prices, which could
result in positive economic revisions in the future.

Exploration Update

Exploration activity during the year was primarily focused on the
Central and Deep Llanos in Colombia and added an average of 14,591
bbl/d of light oil production in 2015.  In 2015, the Company
drilled or was a partner in 15 exploration wells (including 11
appraisal wells) resulting in three discoveries and the
confirmation of ten other previous discoveries for a total of 13
discoveries or a 87% success rate.  During the fourth quarter of
2015 no drilling activity was performed.

                    About Pacific Exploration

Pacific Exploration & Production Corp. is a Canadian public company
and a leading explorer and producer of natural gas and crude oil,
with operations focused in Latin America.  The Company has a
diversified portfolio of assets with interests in more than 70
exploration and production blocks in various countries including
Colombia, Peru, Guatemala, Brazil, Guyana and Belize. The Company's
strategy is focused on sustainable growth in production & reserves
and cash generation.  

The Troubled Company Reporter-Latin America, on Feb. 23, 2016,
reported that Fitch Ratings says that the agency could downgrade
its ratings on Pacific Exploration and Production Corp. (Pacific;
Long-term Foreign and Local Currency Issuer Default Ratings of 'C')
to restricted default (RD).  This could occur after the expiration
of the recently negotiated extension with bondholders of the time
in which to declare principal due and payable on certain notes.
Fitch considers the extension of multiple waivers or forbearance
periods upon a payment default a restricted default given they
represent a material reduction in terms compared with the original
contractual terms.  Furthermore, the extension of multiple waivers
can be interpreted as a tool that is being conducted in order to
avoid bankruptcy.

On Jan. 21, 2016, the TCR reported that Moody's Investors Service
has downgraded Pacific Exploration & Production Corp (Pacific
E&P)'s corporate family rating and senior unsecured debt ratings to
C from Caa3.

The TCR, on Jan. 20, 2016, reported that Standard & Poor's Ratings
Services said it lowered its long-term corporate credit and
issue-level ratings on Pacific Exploration and Production Corp
(Pacific) to 'CC' from 'CCC+'.  S&P also removed the rating from
CreditWatch with negative implications. The outlook is negative.

On Jan. 14, 2016, Pacific announced that it has elected to utilize
the 30 day grace period rather than make the interest payments due
on Jan. 19, 2016 and Jan. 26, 2016 of about $65 million.  Although
the company is still current on those obligations, S&P expects
default to be a virtual certainty.


PACIFIC RECYCLING: GE Govt Seeks 'Adequate Protection' Payment
--------------------------------------------------------------
A U.S. bankruptcy court is set to hear a motion filed by GE
Government Finance Inc. to force Pacific Recycling Inc. to make
payments in return for using certain equipment at its metal
recycling center in Eugene, Oregon.

The U.S. Bankruptcy Court for the District of Oregon will take up
the motion at a hearing on March 31.

GE Government demands weekly payment of $20,000 for use of the
equipment, which the company said, are its collateral.  

Pacific Recycling opposes the request, saying the company "did not
properly perfect" its lien on the equipment, or if it did, the
amount requested is excessive.

On Dec. 9 last year, the court approved an agreement by the
companies to partially settle their dispute.  The agreement
required Pacific Recycling to pay $15,000 to GE Government, aside
from a bi-weekly payment of $5,000.

Separately, the court denied the request of Banner Bank, a secured
creditor, to lift the automatic stay so it could foreclose on an 11
acre parcel of real property owned by Pacific Recycling's
affiliate.

Pacific Recycling objected to the request, arguing it has an
interest in the real property as lessee and that the property is
necessary for its reorganization.

                      About Pacific Recycling

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

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


PALMAZ SCIENTIFIC: Meeting of Creditors on April 4
--------------------------------------------------
A meeting of creditors of Palmaz Scientific Inc., et al., under 11
U.S.C. Sec. 341(a) is slated for April 4, 2016, at 08:30 a.m., at
San Antonio Room 333.

Proofs of claim are due July 5, 2016.

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

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

                     About Palmaz Scientific

Headquartered in San Antonio, Texas, Palmaz Scientific is a
research and development company dedicated to the advancement of
the technology and science of medical implants.

Palmaz Scientific Inc., Advanced Bio Prosthetic Surfaces, Ltd.,
ABPS Management, LLC and ABPS Venture One, Ltd., filed Chapter 11
bankruptcy petitions (Bankr. W.D. Tex. Proposed Nos. 16-50552,
16-50555, 16-50556 and 16-50554, respectively) on March 4, 2016.
The petitions were signed by Eugene Sprague as director.  The
Debtors estimated both assets and liabilities in the range of $10
million to $50 million.

The Debtors have engaged Norton Rose Fulbright US LLP as counsel,
Groff & Rothe as accountants and Upshot Services LLC as noticing
agent.

The case is assigned to Judge Craig A. Gargotta.


PARAGON OFFSHORE: Taps Kurtzman Carson as Administrative Advisor
----------------------------------------------------------------
Paragon Offshore PLC and its debtor-affiliates seek authorization
from the U.S. Bankruptcy Court for the District of Delaware to
employ Kurtzman Carson Consultants LLC as administrative advisor,
nunc pro tunc to the February 14, 2016 petition date.

The Debtors require Kurtzman Carson to:

   (a) assist with, among other things, solicitation, balloting
       and tabulation of votes, and prepare any related reports,
       as required in support of confirmation of a chapter 11
       plan, and in connection with such services, process
       requests for documents from parties in interest, including,

       if applicable, brokerage firms, bank back-offices and
       institutional holders;

   (b) prepare an official ballot certification and, if necessary,

       testify in support of the ballot tabulation results;

   (c) assist with the preparation of the Debtors' schedules of
       assets and liabilities and statements of financial affairs
       and gather data in conjunction therewith;

   (d) generate, provide and assist with claims objections,
       exhibits, claims reconciliation and related matters;

   (e) manage any distributions pursuant to any confirmed chapter
       11 plan; and

   (f) provide such other processing, solicitation, balloting and
       other administrative services described in the Services
       Agreement, but not included in the Proposed Order, as may
       be requested from time to time by the Debtors, the Court or

       the office of the Clerk of the Bankruptcy Court for the
       District of Delaware.

Kurtzman Carson will be paid at these hourly rates:

       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

Kurtzman Carson will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Evan J. Gershbein, senior vice president of Corporate Restructuring
Services for Kurtzman Carson, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

The Bankruptcy Court will hold a hearing on the application on
April 6, 2016, at 10:00 a.m.  Objections, if any, are due March 28,
2016, at 4:00 p.m.

Kurtzman Carson be reached at:

       Evan J. Gershein, Esq.
       KURTZMAN CARSON CONSULTANTS LLC
       2335 Alaska Avenue
       El Segundo, California 90245
       Tel: (310) 823-9000

                        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.



PARAGON OFFSHORE: Taps Lazard Freres as Investment Banker
---------------------------------------------------------
Paragon Offshore PLC and its debtor-affiliates seek authorization
from the U.S. Bankruptcy Court for the District of Delaware to
employ Lazard Freres & Co., LLC as investment banker, nunc pro tunc
to the February 14, 2016 petition date.

The Debtors requires Lazard to:

   (a) review and analyze the Debtors' business, operations, and
       financial projections;

   (b) evaluate the Debtors' potential debt capacity in light of
       its projected cash flows;

   (c) assist in the determination of a capital structure for the
       Debtors;

   (d) assist in the determination of a range of values for the
       Debtors on a going concern basis;

   (e) advise the Debtors on tactics and strategies for
       negotiating with the Stakeholders;

   (f) render financial advice to the Debtors and participate in
       meetings or negotiations with Stakeholders or other
       appropriate parties in connection with any Restructuring;

   (g) advise the Debtors on the timing, nature, and terms of new
       securities, other consideration, or other inducements to be

       offered pursuant to any Restructuring;

   (h) advise and assist in evaluating any potential Financing
       transaction by the Debtors and, subject to Lazard's
       agreement to so act, to execute appropriate agreements on
       behalf of the Debtors, contact potential sources of capital

       as the Debtors may designate and assist the Debtors in
       implementing any Financing;

   (i) assist the Debtors in preparing documentation within
       Lazard's area of expertise that is required in connection
       with any Restructuring;

   (j) attend meetings with the board of directors of Paragon
       Offshore plc with respect to matters on which Lazard has
       been engaged;
   (k) assist in the development of financial analysis and
       presentations to the Board of Directors of Paragon Offshore

       plc, various creditors, and other third parties;

   (l) review and analyze the Debtors historic financial
       transactions, including with respect to any potential
       preference or avoidance actions;

   (m) participate in negotiations among the Debtors and their
       creditors, suppliers, lessors, and other interested
       parties;

   (n) provide testimony, as necessary, with respect to matters on

       which Lazard is engaged to advise under the Engagement
       Letter before the Bankruptcy Court; and

   (o) provide the Debtors with other financial restructuring
       advice.

The Debtors and Lazard have agreed to the following compensation
and expense structure in consideration for the Services to be
rendered:

   -- A monthly fixed fee of $175,000, payable until the earlier
      of completion of the Restructuring or the termination of
      Lazard's engagement. One half of the Monthly Fees paid after

      the fourth Monthly Fee shall be credited against any
      Restructuring Fee.

   -- A fee equal to $8,500,000 payable upon the consummation of a
      Restructuring; provided, however that if a Restructuring is
      to be completed through a "pre-packaged" or "pre-arranged"
      plan of reorganization, one half of the Restructuring Fee
      shall be earned and shall be payable upon the earlier of (i)

      execution of definitive agreements with respect to such
      plan and (ii) delivery of binding consents to such plan by a
      sufficient number of creditors and/or bondholders, as the
      case may be, to bind the creditors or bondholders, as the
      case may be to the plan; provided, further, that in the
      event that Lazard is paid a fee in connection with a "pre-
      packaged" or "pre-arranged" plan and a plan of
      reorganization which constitutes a Restructuring is not
      consummated, Lazard shall return such fee to the Debtors
      upon the termination or expiration of the Engagement Letter.

   -- A fee, payable upon consummation of a Financing, equal to
      1.25% of the aggregate gross proceeds including any
      committed but undrawn amounts of the Financing. One half
      of any Financing Fees paid shall be credited against any
      Restructuring Fee payable upon the consummation of a
      Restructuring.

   -- Reimbursement for reasonable expenses incurred by Lazard,
      including, costs of travel and lodging, data processing and
      communications charges, courier services, and other
      expenditures, and the reasonable fees and expenses of
      counsel, if any, retained by Lazard.

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

The Bankruptcy Court will hold a hearing on the application on
April 6, 2016, at 10:00 a.m.  Objections, if any, are due March 28,
2016, at 4:00 p.m.

Lazard can be reached at:

       Ari Lefkovits
       LAZARD FRERES & CO., LLC
       190 S. LaSalle Street,31st Floor
       Chicago, IL 60603
       Tel: (312) 07-6600

                        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.



PEABODY ENERGY: S&P Lowers CCR to 'D' on Gen. Default Expectations
------------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on St. Louis-based Peabody Energy Corp. to 'D' from
'CCC+'.

S&P also lowered its issue-level ratings on the company's debt
facilities associated with the missed interest payments--the 10%
second-lien notes due 2022 and the 6.5% unsecured notes due
2020--to 'D' from 'CCC+' and 'CCC-', respectively.  This is based
on S&P's view that the interest payments will not be made within
the 30-day grace period.  At the same time, S&P revised the
recovery rating on the second-lien debt to '6' from '4'.  The '6'
recovery rating indicates S&P's expectation of negligible (0% to
10%) recovery in the event of a payment default.

S&P also revised the recovery rating on Peabody's first-lien debt
to '3' from '1'.  The '3' recovery rating indicates S&P's
expectation of meaningful (50% to 70%; upper half of the range)
recovery in the event of a payment default.  At the same time, S&P
lowered the issue-level rating on the debt to 'CC' from 'B'.

In addition, S&P lowered all the issue-level ratings associated
with the company's unsecured debt (except for the senior notes with
the missed interest payment) to 'C' from 'CCC-'.  The recovery
rating on the debt remains '6', indicating S&P's expectation of
negligible (0% to 10%) recovery in the event of a payment default.
Finally, S&P also lowered the issue-level rating on the company's
junior subordinated debt to 'C' from 'CC'.

"In our view, the enormous stress on Peabody's business and
financial position will not ease anytime soon," said Standard &
Poor's credit analyst Chiza Vitta.  "The 'D' corporate credit
rating indicates our expectation that this situation will
eventually evolve into a general default, and Peabody may choose
not to pay all or substantially all of its obligations as they come
due."

Peabody has announced debt exchange discussions and additional
asset sales initiatives.  While these efforts would enhance
liquidity, S&P believes the business would likely remain
unsustainable absent a comprehensive restructuring or a marked
improvement in coal supply and demand dynamics.


PERFORMANCE SPORTS: Moody's Cuts CFR to B3 After Earnings Release
-----------------------------------------------------------------
Moody's Investors Service downgraded Performance Sports Group's
(PSG) Corporate Family Rating to B3 from B1 due to its recent poor
operating performance highlighted by its earnings announcement last
week and weak credit metrics. The rating on the senior secured term
loan was downgraded to Caa1 from B2. The SGL 2 speculative grade
liquidity rating was affirmed. The rating outlook is stable.

"PSG's revised earning guidance announced last week resulted in a
significant departure in its operating performance and credit
metrics from our previous expectations, said Kevin Cassidy, Senior
Credit Officer at Moody's Investors Service. Moody's had expected
leverage to be temporarily high due to foreign exchange head winds.
But we now expect debt/EBITDA to remain above 10 times for at least
the next year, noted Cassidy.”

Ratings downgraded:

Corporate Family Rating to B3 from B1;

Probability of Default Rating to B3-PD from B1-PD;

$330 million Term Loan B rating to Caa1 (LGD 4) from B2 (LGD 4);

Ratings affirmed:

Speculative Grade Liquidity Rating at SGL 2

PSG's B3 Corporate Family Rating reflects its poor operating
performance and weak credit metrics with debt/EBITDA over 10 times.
The rating also reflects PSG's modest size with pro forma revenue
around $600 million and narrow product focus in sports equipment
and apparel. The rating benefits from PSG's strong brand awareness
among action sport enthusiasts, solid geographical diversification
and good liquidity profile. PSG has grown significantly over the
last few years through acquisition, but Moody's expects PSG to
limit further acquisitions until credit metrics improve.

The stable outlook reflects Moody's view that PSG will steadily
reduce leverage through a combination of debt repayments and modest
earnings growth. The outlook also reflects Moody's view that PSG
will maintain a good liquidity profile.

There is limited upward near-term rating pressure given the
company's poor operating performance and weak credit metrics.
Stability in demand for baseball/softball bats is needed for an
upgrade to be considered. Key credit metrics necessary for an
upgrade are sustaining debt/EBITDA around 6 times.

Failure to steadily reduce leverage could lead to a downgrade. A
deterioration in liquidity could also lead to a downgrade. Key
credit metrics that could prompt a downgrade would be debt/EBITDA
remaining above 10 times beyond fiscal 2017.

Headquartered in Exeter, New Hampshire, Performance Sports Group
Ltd., designs, manufactures and distributes high performance sports
equipment for ice hockey, roller hockey, lacrosse, baseball,
softball and related apparel and accessories. Pro forma revenue
approximated $600 million for the twelve months ended November
2015. In January 2016, PSG acquired the Easton Hockey business from
Easton Hockey Holdings, Inc. for $12 million.


PHIBRO ANIMAL: S&P Affirms 'B+' CCR & Revises Outlook to Stable
---------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B+' corporate
credit and senior secured debt ratings on Phibro Animal Health
Corp. and revised the outlook to stable from positive.  The
recovery rating on the senior secured term loan B is '3',
indicating expectations of meaningful (50% to 70%, at the lower
half of the range) recovery in the event of a payment default.

"The outlook revision to stable from positive reflects our
expectation that weaker revenue growth and higher acquisition
spending will result in Phibro's leverage sustained around 3.0x,"
said Standard & Poor's credit analyst Maryna Kandrukhin.  This is
in contrast to S&P's previous 2016 leverage projection of 2.5x,
thus limiting the potential for a ratings upgrade over the next
year.  In addition, while S&P expects Phibro to be acquisitive, S&P
believes it will take several years before the company's business
risk profile improves meaningfully enough for S&P to revise its
assessment and consider an upgrade.

The stable outlook reflects S&P's expectation that, despite the
ongoing regulatory pressure, Phibro's mid-single-digit revenue
growth and stable margins will result in leverage around 3.0x and
modest cash flow generation over the next few years.

S&P could consider a downgrade if the ongoing regulatory pressure
leads to deterioration in the animal health segment resulting in
leverage at or higher than 4.0x on a sustained basis.  A
single-digit revenue decline combined with an EBITDA margin
contraction in excess of 300 basis points could lead to such an
outcome.  S&P could also consider a downgrade if Phibro's financial
policy becomes more aggressive than expected, resulting in leverage
sustained above 4.0x.  This scenario could materialize if in 2016
the company completes another debt-financed acquisition exceeding
$120 million on top of the previously announced $46.5 million MVP
Laboratories transaction.

While unlikely over the next year given the regulatory headwinds
and the company's increased acquisitions appetite, S&P could raise
the ratings if the company is able to de-lever below 3x on a
sustained basis.  The improvement in credit measures could be
achieved if the company expands its gross margins by 150 basis
points at S&P's current revenue growth expectations for 2016.
However, more importantly, upgrade would be predicated on the
management's commitment to maintain leverage below 3x on a
sustained basis.


PRA HEALTH: Moody's Hikes Corporate Family Rating to 'B1'
---------------------------------------------------------
Moody's Investors Service upgraded the Corporate Family Rating
(CFR) and Probability of Default Rating (PDR) of PRA Health
Sciences, Inc. ("PRA"), to B1 and B1-PD from B2 and B2-PD,
respectively. Moody's also upgraded the rating on the unsecured
notes to B3 from Caa1 and affirmed the B1 rating on the existing
senior secured credit facility. Concurrently, Moody's also affirmed
the Speculative Grade Liquidity Rating of SGL-1, signifying the
expectation for very good liquidity. The outlook remains positive.

The upgrade of the CFR reflects PRA's steady reduction in leverage
over the past year due largely to earnings growth. Moody's
estimates that adjusted debt/EBITDA declined to 4.2x for the 12
months ended December 31, 2015 from around 6.0x following the IPO
in late 2014. The upgrade also reflects steady growth in scale due
to both organic growth and acquisitions. With 2016 net revenue
guidance of over $1.5 billion, PRA has grown to be a leading player
in the contract research organization (CRO) industry.

"The positive outlook reflects our expectation for further
improvement in credit metrics driven by: 1) continued earnings
growth due to favorable industry fundamentals and strong business
execution; 2) interest cost savings following the refinancing of a
portion of PRA's high coupon bonds; and 3) the expectation for
strong cash flow which may be used for further debt repayment."

Ratings upgraded:

PRA Health Sciences, Inc.

Corporate Family Rating, to B1 from B2

Probability of Default Rating, to B1-PD from B2-PD

$91 million senior unsecured notes, to B3 (LGD 6) from Caa1 (LGD
5)

Ratings affirmed:

$125 million senior secured revolving credit facility, at B1 (LGD
3)

$689 million senior secured term loan, at B1 (LGD 3)

Speculative Grade Liquidity Rating, at SGL-1

The outlook is positive.

RATINGS RATIONALE

The B1 rating is constrained by PRA's moderately high leverage as
well as by risks inherent in the CRO industry, including pricing
pressure, volatility in biotech funding and project cancellations.
Also constraining the rating is that Kohlberg Kravis Roberts & Co.
(KKR) continues to own a majority of PRA's equity, raising the
potential for shareholder friendly initiatives. The rating is
supported by PRA's strong track record of execution of its growth
strategy and Moody's expectation that industry-wide tailwinds will
support further growth and deleveraging. The rating is also
supported by Moody's expectation for healthy interest coverage and
good free cash generation.

Moody's could upgrade the ratings if PRA continues to grow
organically and refrains from leveraging acquisitions or
shareholder initiatives, such that adjusted debt to EBITDA is
expected to be sustained below 3.5 times.

The ratings could be downgraded if deterioration in margins or very
weak net new business wins suggest that debt to EBITDA will be
sustained above 4.5 times. Further, large debt funded acquisitions,
share repurchases or dividends could also lead to a rating
downgrade.

PRA Health Sciences, Inc. ("PRA") is a contract research
organization ("CRO") that assists pharmaceutical and biotechnology
companies in developing and gaining regulatory approvals for drug
compounds. PRA generated net service revenues of approximately $1.4
billion for the twelve months ended December 31, 2015. PRA is
publicly traded but continues to be majority owned by Kohlberg
Kravis Roberts & Co. (KKR).


PROGRESSIVE PLUMBING: Evergreen's Bid to Withdraw Reference Denied
------------------------------------------------------------------
Judge James S. Moody, Jr., of the United States District Court for
the Middle District of Florida, Ocala Division, denied The
Evergreen Corporation's motion for withdrawal of the reference and
for transfer of venue of the case captioned PROGRESSIVE PLUMBING,
INC. Plaintiff/Debtor v. THE EVERGREEN CORPORATION and ALLIED WORLD
SPECIALTY INSURANCE COMPANY, Defendants, 5:16-cv-59-Oc-30PRL (M.D.
Fla.).

An adversary proceeding was initiated by Progressive Plumbing,
Inc., on October 23, 2015, against Evergreen and Allied World
Specialty Insurance Company.  The one-count complaint for
declaratory relief sought a declaration that no sums are due to
Evergreen under a performance bond issued by Allied as
Progressive's surety.  In its answer, Allied filed a cross-claim
against Evergreen seeking declaratory judgment to determine the
amounts due and owing under the performance bond.

Evergreen had not filed a proof of claim in Progressive's
bankruptcy case, but sued Allied in Georgia state court to recover
under the performance bond.  It thus sought to withdraw the
reference for the adversary proceeding and transfer of the matter
to the Northern District of Georgia.

Judge Moody held that withdrawal of the reference at this time is
not warranted, explaining that "Permitting the adversary proceeding
to remain in the bankruptcy court for disposition of pretrial
matters, including any dispositive motions, advances the uniformity
of the bankruptcy administration, decreases the likelihood of
confusion, promotes the economical use of the parties' resources by
limiting the bulk of the action to a single forum, and facilitates
the efficient administration of Progressive's estate."

A full-text copy of Judge Moody's March 1, 2016 order is available
at http://is.gd/I807NYfrom Leagle.com.

The bankruptcy case is In re: PROGRESSIVE PLUMBING, INC.,
PROGRESSIVE SERVICES, LLC, and GRACIOUS LIVING DESIGN CENTER, INC.,
Chapter 11, Debtors, Case Nos. 6:15-bk-7275-KSJ (Bankr. M.D.
Fla.).

Progressive Plumbing, Inc. is represented by:

          Michael A. Nardella, Esq.
          NARDELLA & NARDELLA, PLLC
          250 East Colonial Drive, Suite 102
          Orlando, FL 32801
          Email: mnardella@nardellalaw.com

            -- and --

Evergreen Corporation, Esq. is represented by:

          Michael A. Tessitore, Esq.
          MORAN, KIDD, LYONS, JOHNSON & BERKSON, PA
          111 North Orange Avenue, Suite 900
          Orlando, FL 32801
          Tel: (407)841-4141
          Fax: (407)841-4148
          Email: mtessitore@morankidd.com

Allied World Specialty Insurance Company, Defendant, represented
by:

          Jonathan Philip Cohen, Esq
          JONATHAN P. COHEN, P.A.
          500 East Broward Blvd., Suite 1710
          Fort Lauderdale, FL 33394
          Tel: (954)462-8850
          Fax: (954)848-2987


RCS CAPITAL: Court Sets March 31 General Claims Bar Date
--------------------------------------------------------
In the Chapter 11 cases of RCS Capital Corporation, et al., the
U.S. Bankruptcy Court for the District of Delaware has entered an
order setting:

   -- March 31, 2016, at 5:00 p.m. (prevailing Eastern Time) (the
"General Bar Date") as the deadline for all persons or entities
that assert a claim as defined in Sec. 101(5) of the Bankruptcy
Code against the Debtors, including any claims under Sec. 503(b)(9)
of the Bankruptcy Code, secured claims, and priority claims, which
arose on or prior to the Petition Date.

   -- April 30, 2016 at 5:00 p.m. (prevailing Eastern Time) as the
General Bar Date solely for the ARC Parties.

   -- July 29, 2016 at 5:00 p.m. (prevailing Eastern Time) as the
deadline for governmental units to file a proof of claim.

The proofs of claim must be mailed or delivered by hand, courier or
overnight services so as to be actually received by Prime Clerk on
or before the applicable Bar Date at:

         RCS CAPITAL CORPORATION CLAIMS PROCESSING CENTER
         c/o Prime Clerk LLC
         830 Third Avenue, 3rd Floor
         New York, York 10022.

Proofs of claim may be filed electronically by completing the
electronic proof of claim form on Prime Clerk's website --
http://cases.primeclerk.com/RCSCapital/-- so as to be actually
received by Prime Clerk on or before the applicable Bar Date.

                         About RCS Capital

New York-based RCS Capital Corporation --
http://www.rcscapital.com/-- is a full-service investment firm   
focused on the individual retail investor.  With operating
subsidiaries primarily focused on retail advice and until the
completion of recently announced pending sales and divestiture of
its wholesale distribution and investment banking, the company's
business aims to capitalize, grow and maximize value for the
investment programs its distributes and the independent advisors
and clients it serves.

RCS Capital Corporation and 11 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10223 to
16-10234) on Jan. 31, 2016.  The petitions were signed by David
Orlofsky as chief restructuring officer. The Debtors disclosed
total assets of $1.97 billion and total debts of $1.39 billion.

The Debtors have engaged Dechert LLP as general counsel, Young
Conaway Stargatt & Taylor, LLP as Delaware counsel, Zolfo Cooper
Management, LLC as restructuring advisor, Lazard Freres & Co. LLC
as investment banker and Prime Clerk LLC as administrative advisor
and claims and noticing agent.


RYCKMAN CREEK: Court Sets Claims Bar Dates
------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware on Feb. 29,
2016, entered an order establishing 25 days after service of the
Bar Date Notice as the deadline for entities and persons, except
any government units, to file proofs of claim on account of claims
arising before the Petition Date.  Any governmental units that are
creditors holing or wishing to assert claims arising before the
Petition Date are required to file proofs of claim on or before
Aug. 1, 2016.

All proofs of claim will be filed by mail, hand, or overnight
courier and will be addressed to:

         Ryckman Creek Resources Claims Processing Center
         c/o KCC
         2335 Alaska Avenue
         El Segundo, CA 90245

                           About Ryckman

Formed on Sept. 8, 2009, Ryckman Creek Resources, LLC is engaged
in
the acquisition, development, marketing, and operation of a
natural
gas storage facility known as the Ryckman Creek Facility.  The
Ryckman Creek Facility is a depleted crude oil and natural gas
reservoir located in Uinta County, Wyoming.  The Company began
development of the reservoir into a natural gas storage facility
in
2011.  The Ryckman Creek Facility began commercial operations in
late 2012 and received injections of customer gas and gas
purchased
by the Company.  The Debtors have approximately 35 employees.

Ryckman Creek Resources, LLC, Ryckman Creek Resources Holdings
LLC,
Peregrine Rocky Mountains LLC and Peregrine Midstream Partners LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
16-10292 to 16-10295) on Feb. 2, 2016.  The petitions were signed
by Robert Foss as chief executive officer.  Kevin J. Carey has
been
assigned the case.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP
as counsel, AP Services, LLC as management provider, Evercore
Group
LLC as investment banker, and Kurtzman Carson Consultants LLC as
claims and noticing agent.

The Debtors estimated both assets and liabilities in the range of
$100 million to $500 million.  As of the Petition Date, Ryckman
had
approximately $333 million of prepetition bank debt.


SABINE OIL: March 24 Hearing on Committee's Bid to Pursue Claims
----------------------------------------------------------------
A U.S. bankruptcy court is set to hear a motion filed by the
official committee of unsecured creditors for approval to prosecute
claims on behalf of Sabine Oil & Gas Corp.    

The U.S. Bankruptcy Court for the Southern District of New York
will take up the motion at a hearing on March 24.

The energy company had earlier opposed the motion, saying the
claims are "neither colorable nor in the best interests" of the
estate to pursue.  

The same argument was echoed by Duane Radtke and two other
directors of Sabine Oil & Gas LLC who said the committee's claim
against them for breach of fiduciary duty is not colorable.

Sabine also had earlier asked the court to preclude the committee
from presenting the opinions of its valuation expert Steven Zelin
in connection with the motion, and to allow the company's own
financial expert to testify.

Mr. Zelin's opinions, the company said, are based on "untested and
unreliable assumptions."   

Meanwhile, the committee had drawn support from former Sabine
executives who think it "has more than satisfied its burden" to
prove that the claims are colorable.

Colorado-based law firm Holland & Hart LLP represents the group.

U.S. Bankruptcy Judge Shelley Chapman will issue a bench ruling on
the committee's motion at the March 24 hearing.  

A separate motion filed by Wilmington Savings Fund Society FSB and
Delaware Trust Co. to get authority to prosecute constructive fraud
claims on behalf of Sabine's estate will also be considered for
approval at the hearing.

                     About Sabine Oil & Gas

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 is
represented by Mark R. Somerstein, Esq., Keith H. Wofford, Esq.,
and D. Ross Martin, Esq., at Ropes & Gray LLP as their counsel.
The Committee is also hiring Blackstone Advisory Partners L.P. as
investment banker; and Berkeley Research Group, LLC as financial
advisor.


SAEXPLORATION HOLDINGS: Moody's Cuts CFR to Caa2, Outlook Negative
------------------------------------------------------------------
Moody's Investors Service downgraded SAExploration Holdings, Inc.'s
(SAEX) Corporate Family Rating (CFR) to Caa2 from Caa1 and the
rating on its notes to Caa2 from Caa1. The Speculative Grade
Liquidity Rating was lowered to SGL-4 from SGL-3. The ratings
outlook is negative.

"SAExploration's CFR was downgraded due to weak liquidity and our
expectations that depressed industry conditions will negatively
impact its cash flows in 2016," stated James Wilkins, a Moody's
Vice President.

Issuer: SAExploration Holdings, Inc.

Downgrades:

-- Probability of Default Rating, Downgraded to Caa2-PD from
    Caa1-PD

-- Corporate Family Rating, Downgraded to Caa2 from Caa1

-- Senior Secured Regular Bond/Debenture, Downgraded to Caa2 (LGD

    3) from Caa1 (LGD4 )

Lowered:

--  Speculative Grade Liquidity Rating, Lowered to SGL-4 from
SGL-3

Outlook Actions:

-- Outlook, Changed To Negative From Stable

RATINGS RATIONALE

SAEX's Caa2 CFR reflects the industry headwinds facing the company
as well as its weak liquidity that will negatively impact its cash
flows. Lower oil and natural gas prices have resulted in depressed
market conditions and lower demand for its services in 2015-2016.
The company's revenues declined 41% in 2015 compared to 2014, but
EBITDA reported by the company was similar to 2014 levels and free
cash flow was negative. Moody's expects 2016 capital spending by
North American oil & gas exploration and production companies,
which include some of SAEX's customers, will decline by more than
25% from 2015 levels, as oil and natural gas prices remain weak.
This will result in continued pressure on SAEX's cash flows.

SAEX's ratings reflects its narrow business focus on early stage
exploration and concession leasing activities which are inherently
volatile, the small size of its asset and earnings base within the
broader oilfield services industry, and the risky nature of its
operations in remote and challenging geographic locations. It
relies on a few customers for the majority of its revenues and has
limited contract visibility beyond 12-18 months. The company's core
seismic data acquisition services are subject to wide variations in
customer demand and significant competition. However, SAEX benefits
from having few competitors for its comprehensive packaged services
in remote locations, multi-year relationships with many large
upstream companies and exposure to several geographic markets.

The SGL-4 Speculative Grade Liquidity Rating reflects SAEX's weak
liquidity. The company disclosed in its fourth quarter 2015
earnings release that $50.4 million in accounts receivable due from
a customer is dependent on monetization of exploration tax credits
provided by the State of Alaska. The timing of collection of funds
by the customer and SEAX is uncertain. Due to the size of the
receivable, SAEX may experience significant cash flow difficulties
until the tax credits are monetized.

SAEX's liquidity is supported by its cash balances ($11.3 million
as of 31 December 2015), funds from operations and $20 million
asset-based revolving credit facility. The company's $20 million
revolving credit facility, which is subject to a borrowing base
calculation, had $7.9 million of borrowings at year--end 2015 and
had $12 million of availability. The borrowing base is a function
of 85% of eligible accounts receivable plus 85% of the net
liquidation value of existing PP&E (subject to a $20 million
maximum) less any reserves established by the lender. If the
borrowings under the revolver exceed $5 million, SAEX is subject to
a minimum rolling 12 months EBITDA requirement of $20 million on a
consolidated basis and $8 million on the operations in Alaska.
SAEX's alternative liquidity is weak given its small tangible asset
base and the limited marketability and useful life of its
equipment. The company benefits from not having any near-term debt
maturities. The revolver matures on November 6, 2017, and the notes
mature on July 15, 2019. “We expect the company to refinance its
revolver well before the maturity date.”

The negative outlook reflects uncertainty over the company's
liquidity. The ratings could be downgraded if liquidity
deteriorated. The ratings could be upgraded if liquidity improved
and interest coverage was expected to remain above 1.75x on a
sustained basis.

SAExploration Holdings, Inc. (SAEX), headquartered in Houston,
Texas, is a provider of seismic data acquisition and related
logistical services to the global upstream oil and gas industry.


SHERWIN ALUMINA: Committee Objects to Proposed Cash Use
-------------------------------------------------------
The Official Committee of Unsecured Creditors objects to Sherwin
Alumina Company, LLC, et al.'s request to use cash collateral
securing their prepetition indebtedness and request for approval of
bidding procedures governing the sale of their assets.

According to the Committee, the Debtors obviously need access to
their cash in order to continue operating and to get an ultimate
sale of the company; however, the Debtors' request for approval on
various protection for Commodity Funding, LLC, including the right
to credit bid and various adequate protection is premature and
inappropriate especially since the Motions still need to be
analyzed with heightened scrutiny under the "entire fairness"
standard to clearly establish the validity, amount and
enforceability of Commodity's purported debt and liens.

The Committee further complains that the transactions contemplated
in the Motions were negotiated by hopelessly conflicted insiders,
involving the Debtors and its affiliates and Glencore, who owned
100% of the Debtors' stock.  Aside from its myriad roles and
relationships vis-a-vis the Debtors, Glencore also has access to
information and exercised influence over the Debtors to the extent
indicative of an insider, the Committee asserts.

In addition, the Committee contends that the Debtors' proposed Bid
Procedures are expressly designed to ensure that Glencore recovers
on account of its alleged prepetition secured claim rather than
facilitating "an open and fair public sale" and "enhancing
competitive bidding," thus, the Bid Procedures are not fair and
reasonable and were not designed to maximize the value of the
Debtors' estates or in the best interests of the Debtors' unsecured
creditors.

Finally, the Committee submits if the Court sets a reasonable limit
on the amount of funds that the Committee may use to investigate
and challenge Glencore's debt and liens, and permits the Committee
to satisfy its fiduciary duties; provided, however, that the
challenge budget does not apply to fees and expenses already
incurred by the Committee and its advisors to date.

The Debtors, in response, argue that the Committee totally miss the
point and focused on one thing only: asserting claims and causes of
action against Glencore.  According to the Debtors, the modified
Final Cash Collateral Order reflects a responsible balance between
providing the Debtors with access to the cash necessary to fund
operations, while at the same time protecting the rights and
interests of the Committee as it seeks to prosecute the Claim
Objection.  More specifically, the revised Final Cash Collateral
Order includes, with the support of the Prepetition Lender, a
compromise that addresses all of the Committee's legitimate
concerns:

   a. Claim Objection Trial:  Proposes to schedule the Claim
Objection for resolution during the week of April 11, 2016, to
allow the Debtors to determine whether the Prepetition Lender may
credit bid at the April 18, 2016 auction.

   b. Replacement Lien Does Not Prejudice the Committee:  Provides
that the Prepetition Lender's entitlement to the Replacement Lien
as a form of adequate protection is subject in all respects to
entry of a final non-appealable order resolving a Challenge or the
Claim Objection in favor of the Prepetition Lender.

   c. Investigation Budget:  Increases the Committee's
investigation budget carve-out from $25,000 to $75,000 (a
three-fold increase).

   d. Releases:  Removes stipulations releasing the Prepetition
Lender and its affiliates.

Sherwin Alumina Company, LLC, et al. are represented by:

     Joshua A. Sussberg, Esq.
     KIRKLAND & ELLIS LLP
     KIRKLAND & ELLIS INTERNATIONAL LLP
     601 Lexington Avenue
     New York, New York 10022
     Telephone: (212) 446-4800
     Facsimile: (212) 446-4900
     Email: joshua.sussberg@kirkland.com

      -- and --

     James H.M. Sprayregen, Esq.
     Gregory F. Pesce, Esq.
     KIRKLAND & ELLIS LLP
     KIRKLAND & ELLIS INTERNATIONAL LLP
     300 North LaSalle
     Chicago, Illinois 60654
     Telephone: (312) 862-2000
     Facsimile: (312) 862-2200
     Email: james.sprayregen@kirkland.com
            gregory.pesce@kirkland.com

     -- and --

     Zack A. Clement, Esq.
     ZACK A. CLEMENT PLLC
     3753 Drummond
     Houston, Texas 77025
     Telephone: (832) 274-7629
     Email: zack.clement@icloud.com

The Official Committee of Unsecured Creditors is represented by:

     Robin Russell, Esq.
     Timothy S. McConn, Esq.
     Ashley Gargour, Esq.
     ANDREWS KURTH LLP
     600 Travis, Suite 4200
     Houston, Texas 77002
     Telephone: (713) 220-4200
     Facsimile: (713) 220-4285
     Email: rrussell@andrewskurth.com
            timmcconn@andrewskurth.com
            ashleygargour@andrewskurth.com

          About Sherwin Alumina

Sherwin Alumina Company, LLC and Sherwin Pipeline, Inc. filed
Chapter 11 bankruptcy petitions (Bankr. S.D. Tex. Case Nos.
16-20012 and 16-20013, respectively) on Jan. 11, 2016.  Thomas
Russell signed the petitions as authorized signatory.  Judge David
R Jones has been assigned the case.

The Debtors have engaged Kirkland & Ellis LLP as general counsel,
Zack A. Clement PLLC as local counsel, Huron Consulting Services
LLC as financial advisor and Kurtzman Carson Consultants LLC as
claims, notice and balloting agent.

Sherwin operates an alumina plant in Gregory, Texas that produces
aluminum oxide (or alumina), which is the primary component of
aluminum, from bauxite.  Sherwin produces alumina through the
"Bayer Process," a refining technique that produces alumina from
bauxite ore by dissolving the bauxite in a caustic solution.

On Feb. 5, 2016, the Debtors disclosed total assets of $254,617,187
and total liabilities of $218,177,760.


SOUTHCROSS HOLDINGS: S&P Lowers CCR to 'CC', Outlook Negative
-------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit and
senior secured debt ratings on Southcross Holdings Borrower L.P.
(Holdings) to 'CC' from 'CCC-'.  The outlook is negative.  The
recovery rating on the senior secured debt remains '4', indicating
S&P's expectation of average (30% to 50%; lower half of the range)
recovery in the event of a default.

"The downgrade follows Holdings' announcement that it has agreed in
principal with its owners, majority of its lenders, and its
preferred equity holders on the terms of a restructuring that would
be implemented under Chapter 11 of the U.S. Bankruptcy Code," said
Standard & Poor's credit analyst Mike Llanos.  As such, S&P
believes a bankruptcy filing or default is imminent.

The negative outlook reflects S&P's view that Holdings will file
for Chapter 11 bankruptcy protection.

S&P could lower the corporate credit rating to 'D' if Holdings
files for Chapter 11 bankruptcy protection or defaults on its
financial obligations.

Although unlikely, S&P would consider raising the corporate credit
rating if it believed the company would be able to fully meet its
financial obligations and S&P no longer believed it would file for
Chapter 11 bankruptcy protection.


SURGERY CENTER: S&P Assigns 'CCC+' Rating on New $400MM Notes
-------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'CCC+' issue-level
and '6' recovery (0% to 10%) ratings to U.S.-based surgery center
operator Surgery Center Holdings Inc.'s proposed $400 million
senior unsecured notes due 2021.

The company plans to use the proceeds, to repay its outstanding
$246.5 million second-lien term loan along with the amount
outstanding on its revolver and other general corporate purposes.

The '6' recovery rating indicates expectations for negligible (0%
to 10%) recovery in a default and results in a 'CCC+' senior
unsecured issue rating, which is two notches below the 'B' issuer
credit rating for parent company Surgery Partners Inc.

S&P's 'B' issue-level and '3' recovery (50% to 70%, at the upper
end of the range) ratings on the existing revolving credit and term
loan facility are unchanged.  S&P will subsequently withdraw its
'CCC+' senior secured issue rating on the second-lien term loan
when it has been repaid.

S&P's corporate credit rating on Surgery Partners Inc. is 'B' and
the outlook is stable.

The company recently announced an $80 million add-on to its
existing first-lien term loan to fund proposed acquisitions.

In S&P's assessment, Surgery Partners' business risk profile
remains weak, even with the proposed acquisitions, based on its
operations in a narrowly focused, fragmented, and competitive
business that is subject to ongoing reimbursement pressure.  These
factors dominate S&P's view of the company's business risk even
though reimbursement risk is somewhat mitigated because outpatient
surgery centers provide services at a lower cost than hospitals.

While this transaction increases adjusted debt leverage, it does
not change S&P's view of financial risk.  In S&P's assessment the
financial risk profile remains highly leveraged, based on adjusted
debt to EBITDA of over 7x including this transaction.

RATINGS LIST

Surgery Partners Inc.
Corporate Credit Rating                     B/Stable/--

New Rating

Surgery Center Holdings Inc.
$400 Mil. Senior Unsecured Notes Due 2021   CCC+
   Recovery Rating                           6


TAR HEEL OIL: Bankruptcy Administrator Unable to Appoint Committee
------------------------------------------------------------------
William Miller, U. S. bankruptcy administrator, disclosed in a
filing with the U.S. Bankruptcy Court for the Middle District of
North Carolina that no official committee of unsecured creditors
has been appointed in the Chapter 11 case of Tar Heel Oil II, Inc.

As previously reported by The Troubled Company Reporter, the U. S.
bankruptcy administrator filed with the Bankruptcy Court a notice
of formation of the Debtor's official committee of unsecured
creditors.  Unsecured creditors willing to serve on the committee
were required to file a response within 10 days from March 7,
2016.

Mr. Miller can be reached through:

     Susan O. Gattis
     Bankruptcy Analyst
     101 S. Edgeworth Street
     Greensboro, NC 27401
     Fax: 336-358-4185
     Email: susan_gattis@ncmba.uscourts.gov

                        About Tar Heel Oil

Tar Heel Oil II, Inc., (Bankr. M.D.N.C., Case No. 16-50216) and
Gambill Oil, LLC (Bankr. M.D.N.C., Case No. 16-50217) sought
protection under Chapter 11 of the Bankruptcy Code in the U.S.
Bankruptcy Court for the Middle District of North Carolina
(Winston-Salem) on March 4, 2016.  The petitions were signed by
Arthur H. Lankford, president.

The Debtors are represented by Charles M. Ivey, III, Esq., at Ivey,
McClellan, Gatton, & Siegmund, LLP.  The case is assigned to Judge
Benjamin A. Kahn.

Tar Heel Oil estimated assets of $3.18 million and debts of $6.03
million.  Gambill Oil estimated assets of $986,674 and debts of
$3.28 million.


TATOES LLC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

       Debtor                                      Case No.
       ------                                      --------
       Tatoes, LLC                                 16-00900
       18400 Road 24 SW      
       Mattawa, WA 99349

       Wahluke Produce, Inc.                       16-00899
       18400 Rd 24 SW
       Mattawa, WA 99349

       Columbia Man., Inc.                          16-00898
          dba Columbia Onion
       24100 Rd. R S.W.
       Mattawa, WA 99349                       

Type of Business: Farming, packing, storage and shipping
                  enterprise

Chapter 11 Petition Date: March 21, 2016

Court: United States Bankruptcy Court
       Eastern District of Washington (Spokane/Yakima)

Debtors' Counsel: Roger William Bailey, Esq.
                  BAILEY & BUSEY LLC
                  411 North 2nd Street
                  Yakima, WA 98901
                  Tel: 509-248-4282
                  Fax: 509-575-5661          
                  E-mail: roger.bailey.attorney@gmail.com

                                       Estimated    Estimated
                                        Assets     Liabilities
                                      ----------   -----------
Tatoes, LLC                           $10MM-$50MM  $10MM-$50MM
Wahluke Produce, Inc.                 $50MM-$100MM $50MM-$100MM
Columbia Man., Inc.                   $50MM-$100MM $50MM-$100MM

The petitions were signed by Del Christensen, president.

List of Tatoes's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Saddle Mountain Supply Company                        $1,708,831
PO Box 370
Royal City, WA
Tel: 99357-0370

Jane Calaway                                            $196,000

CHS , Inc.                                              $166,884

Simplot Growers Solutions                                $63,340

Sunslope Farm, Inc.                                      $57,000

John Deere Financial                                     $36,537

Heritage Farms                                           $16,250

Lad Irrigation Company, Inc.                             $16,047

Randy Niessner                                           $12,675

AG Air Flying Service, Inc.                              $11,253

Grant County PUD                                          $8,596

Evergreen Implement, Inc.                                 $7,330

EZ Fixing Foods, LLC                                      $7,153

Callahan Mfg, Inc.                                        $7,096

Valmont Northwest, Inc.                                   $6,779

Rizzuti Farms, Ltd                                        $4,589

Department of Licensing                                   $1,923

Clearwater Supply, Inc.                                   $1,863

Crop Production Services, Inc.                            $1,311

Desert Rain Irrigation, Inc.                              $1,059

List of Wahluke Produce, Inc.'s 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
HR Spinner                                              $309,839
PO Box 1361
Yakima, WA
98907-1361

Industrial Ventilation Inc.                              $73,601

Premera Blue Cross                                       $25,654

Public Utility District                                  $10,080

Department of Agriculture                                 $3,146

Volm Company                                              $1,872

Haskins Steel Co., Inc.                                   $1,248

Columbia Bearing BDI                                      $1,061

WA Farm Labor Assocation                                  $1,000

Ulline                                                      $561

Chep USA                                                    $461

LEAF Dolphin Capital Corp.                                  $435

American Linen Division                                     $349

Waste Management of Ellensburg                              $340

Federal Express Corp.                                       $303

Wash. State Potato Commission                               $291

W.W. Grainger, Inc.                                         $289

Basin Propane, LLC                                          $262

QBE Insurance Corp.                                         $228

Quill Corp.                                                 $228

List of Columbia Man.'s 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
U12B253                                                  $40,518

Yancey Pallet                                            $12,935

HR Spinner Corp.                                          $9,804

Public Utility District                                   $5,711

Department of Agriculture                                 $1,857

Wesmar Company, Inc.                                      $1,550

Basin Propane, LLC                                        $1,352

Port of Mattawa                                           $1,179

Industrial Ventilation Inc.                                 $596

Rick Perez                                                  $582

Idaho Package Company                                       $562

Cascade Analytical Inc.                                     $488

Think Tank Sanitation, Inc.                                 $430

Columbia Bearing BDI                                        $371

AmSan                                                       $361

Waste Management of Ellensburg                              $340

Quill Corp.                                                 $326

3M                                                          $309

Cintas Corporation                                          $210

Pure Health                                                 $125


TENET HEALTHCARE: Fitch Affirms 'B' IDR, Outlook Revised to Stable
------------------------------------------------------------------
Fitch Ratings has affirmed Tenet Healthcare Corp.'s ratings,
including the long-term Issuer Default Rating (IDR) at 'B'.  The
ratings apply to approximately $14.8 billion of debt at Dec. 31,
2015. The Rating Outlook is revised to Stable from Negative.

KEY RATING DRIVERS

-- Tenet's ratings are constrained by the company's high leverage

    and weak cash generation; progress in reducing leverage since
    the acquisitions of Vanguard Health Systems (Vanguard) and
    50.1% ownership of United Surgical Partners International
    (USPI) has been slow.

-- Although Tenet's recent acquisitions have stressed the balance

    sheet, Fitch views the transactions as strategically sound
    because of secular shifts favoring larger, integrated systems
    of care delivery.

-- Tenet's free cash flow (FCF) and operating margins are weak
    compared to some hospital industry peers, but 2015 levels were

    better, and Fitch expects improving underlying business
    fundamentals and lower project-related capital expenditures to

    drive continued improvement in 2016-2018.

-- Aside from Tenet's weak cash generation, there are no major
    concerns with the company's liquidity profile; the next
    significant debt maturity occurs in 2018 and the debt
    agreements do not require compliance with financial
    maintenance covenants except in limited circumstances.

Tenet is among the largest for-profit operators of acute care
hospitals in the U.S., and following the acquisition of a majority
ownership interest in USPI in 2015, the largest operator of
ambulatory surgery and imaging centers. Scale is increasingly
important as U.S. healthcare providers seek efficiencies to offset
the effects of an overall constrained reimbursement environment.
USPI improves Tenet's payor mix and markedly boosts the company's
position in more profitable outpatient services. The USPI business
also provides Tenet with an offset to Fitch's expectation for very
slow growth in inpatient hospital volumes due to a secular shift
toward lower-cost care delivery settings.

Debt funding of the USPI joint venture (JV) added $2.4 billion of
debt to the capital structure and prolonged the de-leveraging
horizon Fitch had considered following Tenet's 2013 acquisition of
Vanguard, which left the company with one of the most highly
leveraged balance sheets in the for-profit hospital industry.
Leverage stood at 6.3x at Dec. 31, 2015 (before deduction of income
attributable to non-controlling interests and 7.0x after), versus
4.4x prior to the Vanguard acquisition.

"Fitch does expect the company to reduce leverage over the next
two-to-three years, but progress will be slow, since it relies
primarily on EBITDA growth. Tenet's weak FCF limits the company's
ability to repay debt; about $1 billion in cash proceeds from
recent asset sales provide a debt reduction opportunity, but we
believe some of this cash will be used to fund other capital
deployment priorities, including purchase of the remaining equity
interest in the USPI JV."

Tenet's limited financial flexibility, most particularly its
negative FCF (CFO less capital expenditures, cash distributions to
minority interests and certain non-recurring items) generation, has
been the major issue constraining the company's ratings over the
past several years. The rate of cash burn has been incrementally
improving due to expansion of operating margins and the refinancing
of high-cost debt, and starting in 2017, lower capital expenditures
will also be a tailwind as large in-progress projects are
completed. In 2015, Tenet produced positive FCF of $78 million.
Fitch expects Tenet to generate positive but thin FCF throughout
the forecast period in the ratings case, with an FCF margin of
about 1%.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for Tenet include:

-- Top-line organic growth of about 5% annually in 2016-2019.
    This assumes low-single-digit growth in Tenet's Hospital
    Operations segment and mid-single-digit growth in the Conifer
    Health Solutions and Ambulatory Care segments;

-- Operating EBITDA (including income from affiliates and before
    deduction of income attributable to non-controlling interests)

    of $2.4 billion in 2016 with an operating EBITDA margin of
    12.8%; the margin is expected to expand slightly through 2019;


-- Tenet will spend $1.5 billion of cash to acquire the remaining

    49.9% interest in the USPI JV through 2020;

-- Capital expenditures of $850 million in 2016, declining to
    about $775 million in 2017;

-- Cash distributions to minority interests of $230 million-$250
    million annually in 2016-2018;

-- FCF (CFO less capital expenditures, cash distributions to
    minority interests and certain non-recurring items) is
    consistently positive, and the 2016-2019 FCF margin is about
    1%;

-- No substantial change in debt balances in 2016-2019;

-- Gross debt/ EBITDA before deduction of income attributable to
    non-controlling interests (NCI) declines to 5.2x by 2019.


TRANSITION THERAPEUTICS: Gets NASDAQ Listing Non-Compliance Notice
------------------------------------------------------------------
Transition Therapeutics Inc. on March 17 disclosed that it received
written notification from The NASDAQ Stock Market ("NASDAQ") on
March 15, 2016 advising the Company that because the bid price of
the Company's common shares for the previous 30 consecutive trading
days had closed below the minimum $1.00 per share (the "Minimum
Price Requirement") required for continued listing on the NASDAQ
Global Market, the Company is not in compliance with NASDAQ Listing
Rule 5450(a)(1).  The notification letter has no effect on the
listing of the Company's common shares at this time.

Pursuant to NASDAQ Listing Rule 5810(c)(3)(A), the Company has been
provided an initial grace period of 180 calendar days, or until
September 12, 2016, to regain compliance with the Minimum Price
Requirement, which requires a closing bid price of the Company's
common shares at or above $1.00 per share for a minimum of 10
consecutive business days.  In the event the Company does not
regain compliance by September 12, 2016, NASDAQ will provide
written notification that the Company's common shares are subject
to delisting.  If the Company is not deemed in compliance prior to
September 12, 2016, but demonstrates that it meets all applicable
standards for initial listing on the NASDAQ Capital Market (except
the bid price requirement) on such date, it will be afforded an
additional 180 calendar day compliance period.

The Company intends to monitor the bid price of its common shares
between now and September 12, 2016, and will consider available
options to regain compliance with the Minimum Price Requirement.

                        About Transition

Transition -- http://www.transitiontherapeutics.com-- is a
biopharmaceutical development company, advancing novel therapeutics
for CNS and metabolic disease indications.  The Company's
wholly-owned subsidiary, Transition Therapeutics Ireland Limited is
developing CNS drug candidate ELND005 for the treatment of
Alzheimer's disease and Down syndrome.  Transition's lead metabolic
drug candidate is TT401 (LY2944876) for the treatment of type 2
diabetes and accompanying obesity.  The Company's shares are listed
on the NASDAQ under the symbol "TTHI" and the Toronto Stock
Exchange under the symbol "TTH".


VICTORY MEDICAL: Gets Court Approval for IberiaBank Deal
--------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
approved an agreement under which Victory Medical Center Mid-Cities
LP and the unsecured creditors' committee will release IberiaBank
from certain claims.

Victory Medical Center and the committee will release the bank from
certain claims upon the completion of HPRH Investments LLC's
acquisition of the bank's debt and liens.

The proposed transaction provides for HPRH, an entity owned and
controlled by insiders of Victory Medical Center, to acquire the
latter's obligations to IberiaBank for $6.5 million.

The transaction also provides for HPRH and unsecured creditors to
share in the collection of Victory Medical Center's receivables
that secure the obligations acquired; and for HPRH, Robert Helms,
Jr., H.D. Patel and the bank to obtain full releases.

IberiaBank holds a first lien security interest in medical claim
accounts receivables, which are the main assets of Victory Medical
Center and its affiliates.

A copy of the court order is available without charge at
http://is.gd/wQdloj

                      About Victory Healthcare

Victory Parent Company, LLC, and 8 affiliated companies sought
Chapter 11 protection in Fort Worth, Texas (Bankr. N.D. Tex.) on
June 12, 2015, in Ft. Worth, Texas.

Headquartered in The Woodlands, Texas, Victory Parent Company
manages six medical centers in Texas.  Founded in 2005, Victory now
maintains medical centers offering emergency room services in
through Victory Medical Center Mid-Cities in Hurst, Victory Medical
Center Plano, Victory Medical Center Craig Ranch in McKinney, and
Victory Medical Center Landmark in San Antonio. The company also
manages its Victory Medical Center Beaumont and
Houston-East, which are not part of the Chapter 11 filing and will
be sold separately.

The Debtors tapped Hoover Slovacek, LLP, as counsel; Epiq
Bankruptcy Solutions, LLC, as claims agent; and Baker, Donelson,
Bearman, Caldwell & Berkowitz, PC, as special counsel.


WPACES: S&P Affirms 'BB+' Rating on $7.45MM Series 2011 Bonds
-------------------------------------------------------------
Standard & Poor's Ratings Services has revised its outlook on
Philadelphia Authority for Industrial Development, Pa.'s $7.45
million series 2011 revenue bonds issued for West Philadelphia
Achievement Charter Elementary School (WPACES) to stable from
negative.  At the same time, Standard & Poor's affirmed its 'BB+'
rating on the bonds.

"The outlook revision reflects our view of WPACES' renewal of its
charter with the School District of Philadelphia, settling most
issues outstanding in the process," said Standard & Poor's credit
analyst Laura Kuffler-Macdonald.  On Feb. 16, 2016, the school won
a lawsuit against the district regarding the charter enrollment cap
of 400 students.  WPACES believed the cap to be unlawful.  As a
result, it refused to sign the charter in 2011, when it was
initially offered.  Since then, the school signed the charter
renewal and is beginning to go through the charter renewal process
for the next five-year period.

The further reflects what S&P considers good demand trends,
enrollment in a highly competitive market, below-average academic
performance according to the commonwealth's new school performance
profile, good financial performance, and good liquidity for the
rating.

WPACES, founded in 1999, is an open-enrollment kindergarten through
fifth grade charter school in West Philadelphia.  The school
operates in Pennsylvania and as a result, like other charter
schools in the state, is facing delays in funding from the state.
Given that it is an election year, S&P do not expect the budgetary
issues with respect to charter schools to be resolved until at
least fiscal 2017.  However, any delays in funding or significant
declines in funding could negatively affect the rating.

The school used bond proceeds to acquire and refurbish an existing
facility of approximately 56,000 square feet on a 4.5-acre site in
West Philadelphia.  WPACES completed its relocation to its new
facility in December 2011.  The school completed the project on
time and on budget.

The stable outlook reflects the charter renewal and successful
resolution of outstanding issues with the district; maintenance of
current cash position and MADS coverage.

S&P would likely lower the rating if per-pupil funding
significantly declined, MADS coverage dropped to less than 1.1x, or
the school was unable to improve academic performance or it issued
significant additional debt.

While S&P is not likely to raise the rating during the one-year
outlook period, S&P could do so should enrollment levels continue
at current levels or increase while academic performance improves
and financial metrics become consistent with the investment-grade
category.


[*] Moody's Takes Action on Prime Jumbo RMBS Issued 2003- 2004
--------------------------------------------------------------
Moody's Investors Service, on March 16, 2016, downgraded the
ratings of four tranches and upgraded the ratings of six tranches
backed by Prime Jumbo RMBS loans, issued by miscellaneous issuers.

Complete rating actions are as follows:

Issuer: Banc of America Mortgage 2004-K Trust

Cl. 3-A-1, Upgraded to Ba1 (sf); previously on May 26, 2015
Upgraded to Ba2 (sf)

Cl. 3-A-2, Upgraded to Ba1 (sf); previously on May 26, 2015
Upgraded to Ba2 (sf)

Cl. 3-A-3, Upgraded to B1 (sf); previously on May 26, 2015 Upgraded
to B3 (sf)

Issuer: Bear Stearns ARM Trust 2003-3

Cl. B-1, Downgraded to B3 (sf); previously on May 18, 2012
Downgraded to B1 (sf)

Issuer: CHL Mortgage Pass-Through Trust 2003-37

Cl. 2-A-2, Downgraded to Caa2 (sf); previously on Jun 2, 2015
Downgraded to Caa1 (sf)

Cl. M, Downgraded to Ca (sf); previously on Apr 21, 2011 Downgraded
to Caa3 (sf)

Issuer: CHL Mortgage Pass-Through Trust 2004-J5

Cl. A-3, Upgraded to Baa1 (sf); previously on Nov 6, 2013 Upgraded
to Baa3 (sf)

Issuer: GMACM Mortgage Loan Trust 2003-AR1

Cl. A-6, Downgraded to B3 (sf); previously on May 18, 2015
Downgraded to B2 (sf)

Issuer: GSR Mortgage Loan Trust 2004-13F

Cl. 3A-1, Upgraded to Baa1 (sf); previously on Apr 29, 2011
Downgraded to Baa2 (sf)

Cl. 3A-2, Upgraded to Baa1 (sf); previously on Apr 29, 2011
Downgraded to Baa2 (sf)

RATINGS RATIONALE

The actions are a result of the recent performance of the
underlying pools and reflect Moody's updated loss expectations on
the pools. The ratings downgraded are due to the weaker performance
of the underlying collateral and the erosion of enhancement
available to the bonds. The ratings upgraded are a result of the
improving performance of the related pools and sufficient support
provided by super senior support tranche.

Factors that would lead to an upgrade or downgrade of the rating:

Ratings in the US RMBS sector remain exposed to the high level of
macroeconomic uncertainty, and in particular the unemployment rate.
The unemployment rate fell to 4.9% in February 2016 from 5.5% in
February 2015. Moody's forecasts an unemployment central range of
4.5% to 5.5% for the 2016 year. Deviations from this central
scenario could lead to rating actions in the sector.

House prices are another key driver of US RMBS performance. Moody's
expects house prices to continue to rise in 2016. Lower increases
than Moody's expects or decreases could lead to negative rating
actions.

Finally, performance of RMBS continues to remain highly dependent
on servicer procedures. Any change resulting from servicing
transfers or other policy or regulatory change can impact the
performance of these transactions.


[*] Moody's: Refinancing Risk is Increasing for B3-Rated Retailers
------------------------------------------------------------------
High leverage and weak operating performance will increase
refinancing risk for many retailers rated B3 negative and below
when their debt starts to mature, said Moody's Investors Service.

"Highly levered retailers have limited resources to address the
industry's structural headwinds, including declining mall traffic
and rising competition from e-commerce, fast fashion and
off-price," said Raya Sokolyanska, a Moody's Vice President and
Senior Analyst. "Many are also working to fix company-specific
execution challenges including fashion misses, brand perception,
and product and pricing missteps. Those with unsustainable capital
structures could ultimately undergo a restructuring or other
default event."

These companies vary substantially in their degree of leverage and
liquidity pressure, as well as the trajectory of their operating
results, and some companies are significantly better positioned
than others, according to the report "Sorting Through the Discount
Rack: Retail and Apparel Companies Rated B3 and Below."

"Most companies on the B3 negative and lower list have a two to
three- year runway until their nearest meaningful maturities," said
Sokolyanska. "However, this debt will mature at a time when credit
spreads could widen relative to when these retailers last
refinanced, and leveraged lending guidelines are making it more
challenging to refinance aggressive capital structures."

Moody's notes, however, that the challenges for this group of
issuers do not pose credit risks for the wider universe of 145
rated retail and apparel issuers. The rating agency expects that
larger, better-positioned companies will benefit from increased
operating efficiencies, leveraging of fixed costs and synergies
from large mergers, particularly in the off-price, auto parts,
supermarkets and home improvement sub-sectors.


                            *********

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
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Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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re-mailing and photocopying) is strictly prohibited without prior
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                   *** End of Transmission ***