TCR_Public/160330.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 30, 2016, Vol. 20, No. 90

                            Headlines

1910 PARTNERS: Court Confirms Amended Ch. 11 Plan
1910 PARTNERS: Court Grants AOAO's Claims, Atty Fees
315 W 35TH ASSOCIATES: Sale Plan Confirmed; Young Has $1.8M Claim
8 WEST 58TH: Court Denies BMG's Bid for Stay Pending Appeal
ABENGOA SA: Chapter 15 Case Summary

ABENGOA SA: Files for Chapter 15 Bankruptcy in Delaware
ABENGOA SA: Joint Administration of Chapter 15 Cases Sought
ACHPRETVIA TAL CHAIM: Goldstein Hall Okayed as Litigation Counsel
ACHPRETVIA TAL CHAIM: Hansen Law Okayed as Real Estate Counsel
ADVANCEPIERRE FOODS: S&P Affirms 'B' CCR; Outlook Stable

ALBERTSONS COS: S&P Assigns 'B+' CCR; Outlook Positive
ALLEN ACADEMY: S&P Lowers Rating on 2013 Revenue Bonds to 'B-'
ALLIED FINANCIAL: Cintron Approved as Special Counsel
ALLIED FINANCIAL: Jose Jimenez Approved as Accountant
AMAN RESORTS: Involuntary Case Dismissed Against Former Owner

AMERICAN LIBERTY: Gets Ranchland Order for Relief, Consolidation
AMERICAN LIBERTY: Reaches Deal With Wynne, Files Ch. 11 Plan
AMERICAN LIBERTY: Seeks Third Plan Exclusivity Extension
AMERICAN LIBERTY: Spicewood, TX Property Sold for $33,800
AMERICAN LIBERTY: Unsec. Creditors to Be Paid in Full Under Plan

AMSCO STEEL: Debtors, UCC Agree on Plan, Avoidance Actions
ANTERO ENERGY: ERG Seeks Conversion of Case to Ch. 7 Liquidation
ANTERO ENERGY: Files Adversary Proceeding Against ERG, Legacy
AOXIN TIANLI: Sept. 19 NASDAQ Listing Compliance Deadline Set
ASPECT SOFTWARE: Disclosure Statement Hearing Set for April 25

ATLANTIC POWER: Moody's Assigns Ba3 Rating to 2023 Term Loan
ATLANTIC POWER: S&P Affirms 'B+' Corporate Credit Rating
AXION INTERNATIONAL: Deadline to Remove Suits Extended to May 30
AXION INTERNATIONAL: Morris James Okayed as Committee Counsel
AXION INTERNATIONAL: Sandra Mayerson Okayed as Panel's Counsel

BASIC ENERGY: S&P Lowers CCR to 'CCC+'; Outlook Negative
BLUBERI GAMING: Court Grants Petition to Recognize Canadian Case
BRAFFITS CREEK: UST Opposes Case Closing Until Fees Paid
CCNG ENERGY: Hires Waller Lansden as Bankruptcy Counsel
CENTRAL BEEF: Seeks Joint Administration of Cases

CHINA CERAMICS: Has Until Sept. 19 to Regain Listing Compliance
COLORADO TIRE: Hires CBG Law as Counsel
CONSTELLIS HOLDINGS: Moody's Affirms B3 Corporate Family Rating
CORNERSTONE HOMES: ESB Wants $26K Monthly Payments From Trustee
CORNERSTONE HOMES: First Citizens Sued for Ponzi Scheme

CROSSFIRE MANUFACTURING: Voluntary Chapter 11 Case Summary
DENVER PARENT: Moody's Cuts Probability of Default Rating to D-PD
DESERT LAND: Gonzales's Suit to Proceed to Jury Trial
DF SERVICING: Hires Pietrantoni Mendez as Tax Counsel
DORAL FINANCIAL: April 7 Hearing on Bid to Extend Exclusivity

EAGLE INC: Bourke's Suit Remanded to La. State Court
EAST AFRICAN DRILLING: ART Claims Superior Interest in Rig
EMERALD OIL: NYSE to Delist Common Stock Following Ch. 11 Filing
EMMIS COMMUNICATIONS: S&P Lowers CCR to 'B-', Outlook Negative
ENERGY & EXPLORATION: Judge Approves Settlement with New Gulf

ENERGY FUTURE: Court Rejects Sealing Orders in Asbestos Cases
ENERGY FUTURE: Morgan Stanley's $226MM Claims Granted in Part
ENERGY FUTURE: Texas Regulators Approve Takeover of Oncor Utility
ENERGY SERVICES: Emcor Deal No Impact on Moody's Ratings
FPMC AUSTIN: Taps CBRE and KOA Partners as Real Estate Brokers

GREAT LAKES COMNET: Schedules $24.3M in Assets, $28.3M in Debt
HAGGEN HOLDINGS: Has Until June 6 to File Ch. 11 Plan
HAROLD ADAMO: Court Denies Ch. 7 Conversion Bid
HDGM ADVISORY: Wants Jacobson Hile to Replace Katz & Korin as Atty
HECLA MINING: Moody's Confirms B2 CFR, Outlook Stable

HEMCON MEDICAL: Zupancic's Best Replaces Elken as Panel's Counsel
HHH CHOICES: Court Approves Abbate DeMarinis as Accountant
HHH CHOICES: Court Approves Harter Secrest as Legal Counsel
HIGH RIDGE: Exclusive Plan Solicitation Period Expires June 3
INTERNATIONAL TECHNICAL: Asks Court Nod for Sale of Excess Robots

JW RESOURCES: UCC's Liquidating Plan Set for April 5 Confirmation
KNIGHT STEEL: Man's Scrap Sale Not Subject to Self-Employment Tax
MAGNUM HUNTER: Seeks Sept. 13 of Plan Exclusivity Extension
MEDIZONE INTERNATIONAL: Tanner LLC Raises Going Concern Doubt
MOLYCORP INC: Wells Fargo Granted Access to Unencumbered Cash

MOUNTAIN INVESTMENTS: Case Summary & 10 Unsecured Creditors
NEW GULF RESOURCES: Enbridge, et al., Object to Plan Confirmation
NEW GULF: Judge Approves Settlement with Energy & Exploration
NEWBURY COMMON ASSOCIATES: Add'l Debtors Seek Schedules Extension
NEWBURY COMMON ASSOCIATES: Opposes Case Transfer to Connecticut

NEWBURY COMMON ASSOCIATES: PUB Wants 220 Elm's Case Dismissed
NEWBURY COMMON ASSOCIATES: SHA Objects to Bank's Dismissal Motion
NII HOLDINGS: Default Under Brazil Bank Loan Covenant Looms
OSIRIS THERAPEUTICS: Receives NASDAQ Listing Non-Compliance Notice
OUTER HARBOR: Milbank Tweed Approved as Counsel

OUTER HARBOR: Prime Clerk Approved as Administrative Advisor
OUTER HARBOR: Richards Layton Okayed as Bankruptcy Co-Counsel
PALMAZ SCIENTIFIC: Hires Andy Taylor as Special Counsel
PEABODY ENERGY: Moody's Cuts Corporate Family Rating to 'Ca'
PLOVER APPETIZER: Liquidating Plan Officially Takes Effect

RANCHLAND HOLDINGS: Involuntary Case Consolidated With ALOC's
RCS CAPITAL: Cetera Debtors File Ch.11 Petitions, Prepack Plan
REPUBLIC AIRWAYS: Schulte Roth Represents Equity Holders
SFX ENTERTAINMENT: Allowed to Hire Legal Counsel, Admin Agent
SFX ENTERTAINMENT: FTI's Michael Katzensteinas Okayed as CRO

SFX ENTERTAINMENT: Gets Approval to Hire Special Committee Counsel
SFX ENTERTAINMENT: Gets Approval to Hire Turnaround Manager
SFX ENTERTAINMENT: Greenberg Traurig Okayed as Bankruptcy Counsel
SFX ENTERTAINMENT: Kaye Scholer Okayed as Atty. to Directors Panel
SFX ENTERTAINMENT: Kurtzman Carson Okayed as Admin. Agent

SKAGIT RIVER: Case Summary & 14 Unsecured Creditors
SOBELMAR ANTWERP: Asks Court to Restrain HSH From Vessels Take-Over
SOBELMAR ANTWERP: HSH Can Take Control Over Vessels
SOUTHCROSS HOLDINGS: Case Summary & 20 Top Unsecured Creditors
SOUTHCROSS HOLDINGS: Files for Chapter 11 With Pre-Packaged Plan

SOUTHCROSS HOLDINGS: Files Pre-Packaged Plan of Reorganization
SPORTS AUTHORITY: Gets Court Okay to Hire Kurtzman as Claims Agent
SPORTS AUTHORITY: Hires A & G Realty as Real Estate Advisor
SPORTS AUTHORITY: Hires Young Conaway as Co-Counsel
STANLEY J. CATERBONE: Court Affirms Ch. 11 Dismissal

STEVEN LEN HOWARD: Bankruptcy Counsel's Final Fee Disallowed
STOCK BUILDING: Ga. Court Affirms Denial of Summary Judgment
SUNEDISON INC: TerraForm Global Cites Bankruptcy Risk
TATOES LLC: To Continue Operating Under Contract With Eagle Eye
TAYLOR-WHARTON: Has Until May 3 to File Liquidation Plan

TRIANGLE PETROLEUM: PJT, AlixPartners and Skadden on Board
TRINITY TOWN: Hires Stephen Corcoran as Accountant
VALEANT PHARMA: Accounting Error Warning Sign of Bigger Problems
VERSO CORP: Taps Richards Layton as Bankruptcy Co-Counsel
WALTER ENERGY: Court Approves Additional Work for Ernst & Young

WALTER ENERGY: Houlihan Lokey Okayed as UCC's Investment Banker
WINDSOR FINANCIAL: Gets OK to Hire Special Litigation Counsel
[*] Automatic Dollar Amount Increases to Code, Forms
[*] Prime Clerk Expands Senior Leadership Team

                            *********

1910 PARTNERS: Court Confirms Amended Ch. 11 Plan
-------------------------------------------------
Judge Lloyd King of the United States Bankruptcy Court for the
District of Hawaii confirmed the Second Amended Chapter 11 Plan of
Reorganization for 1910 Partners, dated December 21, 2015.

A full-text copy of Judge King's Findings of Fact and Conclusions
of Law dated March 4, 2016, is available at http://is.gd/BJBaVO
from Leagle.com.

The case is In re 1910 PARTNERS, a Hawaii limited partnership,
(Chapter 11), Debtor and Debtor-in-possession, Case No. 15-00009
(Bankr. D. Haw.).

                     About 1910 Partners

1910 Partners, a Hawaii limited partnership but based in Las
Vegas,
Nevada, filed for Chapter 11 bankruptcy (Bankr. D. Hawaii Case No.
15-00009) on January 5, 2015, in Honolulu.  Judge Lloyd King
presides over the case.  Chuck C. Choi, Esq., at Wagner Choi &
Verbrugge, serves as the Debtor's counsel.  1910 Partners
estimated
$1 million to $10 million in both assets and liabilities.  The
petition was signed by Bruce Stark, authorized representative.

A list of 1910 Partners' 15 largest unsecured creditors is
available for free at http://bankrupt.com/misc/hib15-00009.pdf

This is the Debtor's second voluntary Chapter 11 bankruptcy case.
It first filed for Chapter 11 (Bankr. D. Hawaii Case No. 09-01682)
on July 24, 2009.  Bankruptcy Judge Robert J. Faris presided over
the 2009 case.  Chuck C. Choi, Esq., at Wagner Choi & Verbrugge,
also served as counsel in the 2009 case.  A copy of the 2009
petition, including a list of its 18 largest unsecured creditors,
is available for free at http://bankrupt.com/misc/hib09-01682.pdf

The 2009 petition was signed by Bruce Stark, authorized
representative of the Company.


1910 PARTNERS: Court Grants AOAO's Claims, Atty Fees
----------------------------------------------------
In a Findings of Fact and Conclusions of Law, dated March 4, 2016,
which is available at http://is.gd/5Saz6Afrom Leagle.com, Judge
Lloyd King of the United States Bankruptcy Court for the Hawaii
ruled that the Association of Apartment Owners of Canterbury Place
(AOAO) is entitled to:

   (A) A pre-petition claim in the amount of $1,308,500 as an
oversecured claim, as evidenced by the Proof of Claim filed on May
12, 2015;

   (B) An oversecured claim, post-petition interest from January 5,
2015, to January 31, 2016, $11,592, accruing at the rate of
$295.626 per diem;

   (C) Post-petition attorneys' fees for O'Connor Playdon & Guben
LLP and Revere and Associates LLLC in the amount of $567,936.25;

   (D) Pre-petition attorneys' fees for O'Connor Playdon & Guben
LLP and Revere and Associates LLLC in the amount of $154,835.89,
included in the $1,308,500.00 proof of claim amount; and

   (E) The post-petition, 11 U.S.C. Section 506(b) attorneys' fees
and costs should be treated as a 11 U.S.C. Section 1129(a)(9)(A)
and paid in full, in cash, on the Effective Date of the Plan.

As to 1910 Partners' counterclaim, Judge King held:

   (A) 1910 should take nothing as to its claims for parking, lost
profits, punitive damages or injunctive relief as per this Court's
orders in limine;

   (B) 1910 is not entitled to any injunctive relief to keep the
parking open at 11:00 p.m.;

   (C) The AOAO's allocation of non-utility maintenance expenses
between the AOAO's residential area and 1910's commercial areas
were fairly and reasonably allocated pursuant to Haw. Rev. Stat.
Section 514B-144, the Declaration and the Bylaws;

   (D) Non-utility maintenance expenses were properly allocated
under the "business judgment rule," were regularly called and
announced at monthly and annual AOAO meetings and the regularly
scheduled AOAO Budget Meetings, and the non-utility maintenance
fees were allocated "in good faith" and there was no showing of
"bad faith" by the AOAO in making such non-utility maintenance
fees.

The bankruptcy case is In re 1910 PARTNERS, Chapter 11, Debtor,
Case No. 15-00009 (Bankr. D. Hawaii).

The adversary proceeding is ASSOCIATION OF APARTMENT OWNERS OF
CANTERBURY PLACE, Plaintiff, v. 1910 PARTNERS, a Hawaii limited
partnership; PACIFIC GUARDIAN LIFE INSURANCE COMPANY, LIMITED, a
Hawaii corporation, Defendants, Case No. 15-00009, Adversary No.
15-90006.

Association of Apartment Owners of Canterbury Place, Plaintiff, is
represented by Andrew D. Chianese,Esq. --
andrew@revereandassociates.com -- Revere & Associates, LLLC,
Jerrold K. Guben, Esq. -- jkg@opglaw.com -- O'Connor Playdon &
Guben, Terrance Revere, Esq. -- Revere & Associates, LLLC, Miranda
Tsai, O'Connor Playdon & Guben.

1910 Partners, a Hawaii limited partnership, Defendant, is
represented by Allison A. Ito, Esq. -- Wagner Choi & Verbrugge,
Neil J. Verbrugge, Esq. -- Wagner Choi & Verbrugge.

Pacific Guardian Life Insurance Company, Limited, Defendant, is
represented by Lex R. Smith, Esq. -- lrs@ksglaw.com -- Kobayashi,
Sugita & Goda, Maria Y. Wang, Esq. -- myw@ksglaw.com -- Kobayashi,
Sugita & Goda.

                       About 1910 Partners

1910 Partners, a Hawaii limited partnership but based in Las
Vegas,
Nevada, filed for Chapter 11 bankruptcy (Bankr. D. Hawaii Case No.
15-00009) on January 5, 2015, in Honolulu.  Judge Lloyd King
presides over the case.  Chuck C. Choi, Esq., at Wagner Choi &
Verbrugge, serves as the Debtor's counsel.  1910 Partners
estimated
$1 million to $10 million in both assets and liabilities.  The
petition was signed by Bruce Stark, authorized representative.

A list of 1910 Partners' 15 largest unsecured creditors is
available for free at http://bankrupt.com/misc/hib15-00009.pdf

This is the Debtor's second voluntary Chapter 11 bankruptcy case.
It first filed for Chapter 11 (Bankr. D. Hawaii Case No. 09-01682)
on July 24, 2009.  Bankruptcy Judge Robert J. Faris presided over
the 2009 case.  Chuck C. Choi, Esq., at Wagner Choi & Verbrugge,
also served as counsel in the 2009 case.  A copy of the 2009
petition, including a list of its 18 largest unsecured creditors,
is available for free at http://bankrupt.com/misc/hib09-01682.pdf

The 2009 petition was signed by Bruce Stark, authorized
representative of the Company.


315 W 35TH ASSOCIATES: Sale Plan Confirmed; Young Has $1.8M Claim
-----------------------------------------------------------------
315 W 35th Associates LLC won approval from the Bankruptcy Court of
a stipulation to compromise objections to claims and to pay general
unsecured claims under its Second Amended Plan.  Pursuant to the
Stipulation, these claims are allowed in the amounts indicated as
general unsecured claims in the Chapter 11
Proceeding:

   Claim No.       Claimant           Amount
   ---------       --------           ------
      7       John Young             $1,800,000
     13       S&B BQ Investors LLC       98,482
     14       The Schwartz Law Firm     170,338

Judge Stuart M. Bernstein ordered that the Disbursing Agent is
authorized and directed to pay all of the allowed general unsecured
claims under the Second Amended Plan, together with interest
thereon pursuant to 28 U.S.C. 1961 as of the date of Confirmation
of the Second Amended Plan.

Judge Bernstein on Sept. 2, 2015, granted final approval of the
Second Amended Disclosure Statement dated Aug. 17, 2015 and
confirmed the Second Amended Plan.

In his Plan Confirmation Order, Judge Bernstein held that the sale
of the Debtor's property located at 315 West 35th Street, New York,
New York, which has been approved by this Court by separate order,
is found and determined to satisfy the requirements set forth in
Florida Department of Revenue vs. Piccadilly Cafeterias, Inc. 554
U.S. 33 (2008) and is found and determined to be exempt from any
applicable stamp tax, or other similar tax pursuant to Section
1146(a) of the Bankruptcy Code.

As reported in the Sept. 2, 2015 edition of the TCR, the Debtor has
a Chapter 11 plan based upon the successful sale of its property
for an amount of money that will be able to pay all the creditors
in full and leave a surplus for the equity interests. The Debtor
sold its property for $43,000,000 following an auction.

A copy of the Second Amended Disclosure Statement dated Aug. 17,
2015, explaining the terms of the Amended Plan dated Aug. 17, 2015,
is available for free at:

                        http://is.gd/t3VGxw

                   About 315 W 35th Associates

315 W 35th Associates LLC, owner of a parcel of real estate
located
at 315 West 35th Street, New York, sought Chapter 11 bankruptcy
protection (Bankr. S.D.N.Y. Case No. 15-10877) on April 8, 2015.
The Debtor, a Single Asset Real Estate, says the property is worth
$40 million.  Liabilities total $30.7 million.

The Debtor tapped M. David Graubard, Esq., at Kera & Graubard, in
New York, as bankruptcy counsel.


8 WEST 58TH: Court Denies BMG's Bid for Stay Pending Appeal
-----------------------------------------------------------
Be My Guest LLC ("BMG") filed a motion for a stay pending appeal
and for a temporary restraining order as to a Memorandum of
Decision and Order, dated December 21, 2015.

The Debtor, 8 West 58th Street Hospitality, LLC, was formed in
February 2012 to develop and operate a restaurant. To that end, the
Debtor entered into a lease agreement in August 2012 for 14 East
58th Street, New York, New York. While the restaurant opened in
fall 2013, the Debtor ultimately defaulted under the payment terms
of the lease and the landlord commenced eviction proceedings.

The Debtor filed for protection under Chapter 11 of the Bankruptcy
Code. After the filing, the landlord sought to compel the Debtor to
pay its post-petition obligations under the lease. The Debtor's
principal, Max Burgio, had entered into negotiations with an
individual named Nello Balan regarding the possible funding of the
Debtor's exit from Chapter 11. The Debtor eventually entered into
its first agreement in July 2014 with Nello Balan and his daughter
Lucy Balan. The July Letter Agreement generally provided for the
restructuring of the restaurant in Chapter 11 with Lucy Balan,
either individually or through BMG acting as the ultimate funder of
the reorganization plan.

The Order on appeal provided that BMG agreed to fund a plan based
upon the "Plan LOI" in return for the assignment of the lease to
BMG. The Order defined the "Plan LOI" as: "(i) the Letter of Intent
dated July 9, 2014, as supplemented by letter dated October 20,
2014; and (ii) the statements made on the so-ordered record of the
October 29, 2014 Hearing relating to the execution of confessions
of judgment by BMG and Nello Balan and/or Lucy Balan to secure
certain deferred payments to Max Burgio.

As it turns out, BMG did not make the $150,000 payment to Mr.
Burgio on January 15, 2015, as required by the Order. BMG
eventually sought relief from or clarification of the Order under
Rule 60(b)(1) and (6) of the Federal Rules of Civil Procedure,
claiming there was no obligation to provide security for the
payments to Mr. Burgio and that the agreements between the parties
were not final but merely agreements to continue negotiating. In
its Decision, the Court denied BMG's motion for relief from the
Order and granted the Debtor's cross-motion seeking to enforce the
Order as to the guarantees.

In a Memorandum of Decision and Order dated March 4, 2016, which is
available at http://is.gd/S87nVhfrom Leagle.com, Judge Sean H.
Lane of the United States Bankruptcy Court for the Southern
District of New York denied BMG's motion.

The case is In re: 8 WEST 58TH STREET HOSPITALITY, LLC, Chapter 11,
Debtor, No. 14-11524 (SHL)(Bankr. S.D.N.Y.).

8 West 58th Street Hospitality, LLC, Debtor, is represented by J.
Ted Donovan, Esq. -- Goldberg Weprin Finkel Goldstein LLP, Kevin J.
Nash, Esq. -- Goldberg Weprin Finkel Goldstein LLP.

United States Trustee, U.S. Trustee, represented by Paul Kenan
Schwartzberg, Office of the United States Trustee.


ABENGOA SA: Chapter 15 Case Summary
-----------------------------------
Chapter 15 Petitioner: Christopher Morris

  Chapter 15 Debtors                                   Case No.
  ------------------                                   --------
  Abengoa ,S.A.                                        16-10754  
  1 Kaiser Plaza
  Suite 1675
  Oakland, CA 94612
                       
  Abengoa Finance, S.A.,                               16-10755
  Abengoa Greenbridge S.A.U.                           16-10756
  Abengoa Greenfield S.A.U.                            16-10757
  Abencor Suministros S.A.                             16-10758
  Abener Energia S.A.                                  16-10759
  Abeinsa, Ingeniera y Construccion Industrial S.A.    16-10760
  Instalaciones Inabensa S.A.                          16-10761
  Abeinsa Infraestructuras Medio Ambiente, S.A.        16-10762
  Abengoa Bioenergia S.A.                              16-10763
  Abentel Telecomunicaciones S.A.                      16-10764
  Ecoagricola, S.A.                                    16-10765
  Abengoa Water SL                                     16-10766
  Europea de Construcciones Metalicas SA               16-10767
  Negocios Industriales y Comerciales SA               16-10768
  Teyma Gestion de Contratos and                       16-10769
  de Construccion E Ingenieria, S.A.,
  Abengo Solar Expana SA                               16-10770
  Bioetanol Galicia SA                                 16-10771
  Siema Technologies SL                                16-10772
  Abengoa Solar SA                                     16-10773
  Abengoa Solar New Technologies SA                    16-10774
  Abeinsa Inversiones Latam SL                         16-10775
  Abengoa Concessions SA                               16-10776
  Abeinsa Asset Management SL                          16-10777
  Asa Desulfuracion SA                                 16-10778

Type of Business: Engineering and clean technology company

Chapter 15 Petition Date: March 28, 2016

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

Chapter 15 Petitioner's Counsel: R. Craig Martin, Esq.     
                                 DLA PIPER LLP (US)
                                 1201 North Martket Street
                                 21st Floor
                                 Wilmington, DE 19801
                                 Tel: 302-468-5655
                                 Fax: 302-778-7834
                                 E-mail: craig.martin@dlapiper.com

                                    - and -

                                 Richard A. Chesley, Esq.
                                 Oksana K. Rosaluk, Esq.
                                 DLA PIPER LLP (US)
                                 203 North LaSalle Street
                                 Suite  1900
                                 Chicago, IL 60601-1293
                                 Tel: 312.368.4000
                                 Fax: 312.236.7516
                                 E-mail:
Richard.Chesley@dlapiper.com
                                        
Oksana.KoltkoRosaluk@dlapiper.com

Total Assets: EUR 16.6 billion as of December 31, 2015

Total Current Liabilities: EUR 14.6 billion as of December 31,
                           2015


ABENGOA SA: Files for Chapter 15 Bankruptcy in Delaware
-------------------------------------------------------
Abengoa, S.A. and certain of its affiliates sought creditor
protection under Chapter 15 of the Bankruptcy Code in the U.S.
Bankruptcy Court for the District of Delaware, to ensure the
effective implementation of a standstill agreement with creditors
-- comprised of banks and holders of bonds -- while they continue
to negotiate regarding a restructuring of their debt.

Christopher Morris, in his capacity as the duly authorized foreign
representative of the Debtors, said: "During 2015, various factors,
such as an insufficient upswing in the market in which the Abengoa
Group operates and the difficulty of obtaining financing, precluded
compliance with the company's business plan, which caused
imbalances in cash flow."  

As disclosed in the bankruptcy filing, as of Dec. 31, 2015, the
Company had total assets of approximately EUR 16.6 billion,
including its goodwill, with revenues of approximately EUR 5.8
billion, and a total loss for 2015 of about EUR 1.3 billion.  The
company's current liabilities total approximately EUR 14.6
billion.

To address its financial situation, Abengoa had entered into a
framework agreement with Gonvarri Corporacion Financiera in early
November 2015, with the support of the Company's main shareholder,
which set out terms and conditions for an investment by Gonvarri of
EUR 250 million through an increase in the share capital of Class A
Shares and Class B Shares.  Gonvarri terminated the framework
agreement due to the failure of certain conditions.

As no other proposal was received from any other potential
subscriber that would immediately replace Gonvarri, Abengoa and 24
of its affiliates, on Nov. 25, 2015, filed a communication with
Commercial Court No. 2 in Seville, Spain for protection under
article 5 bis under the Spanish Insolvency Law.

The 5 bis Proceeding provided a statutory four-month period for
protection against judicial or extrajudicial foreclosures on assets
or on rights that may be necessary to continue the professional or
corporate activity of the Foreign Debtors.   Article 5 bis provides
that at the end of this four-month period, the debtor may submit an
application for judicial homologation of the refinancing agreement
agreed to between it and its creditors as a means of preventing the
opening of insolvency proceedings.

During this period, the Abengoa Group notified the Spanish Court
that they had commenced negotiations with their principal creditors
in order to reach a global agreement on the refinancing and
restructuring of their liabilities to achieve the viability of the
Abengoa Group in the short and long term.

The Abengoa Group entered into a Standstill Agreement that
establishes the restructuring framework for final negotiation with
a group of creditors, dated March 18, 2016, which they then
submitted to the Spanish Court on March 28, 2016, for judicial
homologation (the "Spanish Proceeding").

The fundamental principles of the agreement were the following:

   i) New money would be lent to the company in a range between
      EUR 1.5 billion and EUR 800 million for a maximum term of 5
      years.  Creditors would be entitled to 55% of the share
      capital.  This financing would rank senior with respect to
      the existing debt and would be guaranteed by certain assets,
      including unpledged shares of YieldCo.

  ii) The amount of the old debt that would be capitalized would
      correspond to 70% of its nominal value.  Such capitalization
      grants the right to subscribe 35% of the new share capital.

iii) The financial indebtedness corresponding to Revolving Lines
      and the December Facilities (a total amount of EUR 231
      million (plus accrued financial expenses)) will be subject
      to refinancing by extending the term by 2 years.  This
      indebtedness would be secured by the shares of YieldCo and
      would be prepaid in case of sale of the shares of YieldCo.

  iv) The amount of the share capital increase that would be
      reserved to those creditors, who provide EUR 800 million of
      the bank guarantees requested, would be 5% of the new
      capital.

In order for the Spanish Court to homologate such proceeding in
accordance with the Spanish Insolvency Law, 75% of the requisite
creditors need to accede to the agreement.  In order to permit the
Abengoa Group with sufficient time to solicit and obtain the
requisite supermajority votes with respect to the Restructuring
Proposal, the Abengoa Group requested its financial creditors to
adhere to a standstill agreement under which the Abengoa Group
companies that are signatories to the Standstill Agreement will
request its financial creditors to stay certain rights and actions
vis-a-vis the relevant Abengoa companies during a period of seven
months from the date of the Standstill Agreement.

The Abengoa Group advised creditors that once the Standstill
Agreement is signed by at least 60% of the company's various
financial creditors, the Abengoa Group intended to apply for
judicial approval (homologacion judicial) of the Standstill
Agreement pursuant to the Spanish Insolvency Act, so that the
Standstill Agreement becomes binding upon all the relevant
financial creditors of the company.

On March 28, 2016, the Foreign Debtors and certain other members of
the Abengoa Group filed the Judicial Confirmation Request for
homologation of the Standstill Agreement.  On that same day, the
clerk of the Spanish Court published a resolution (Providencia) of
the Spanish Court accepting the jurisdiction over the Judicial
Confirmation Request and imposing a moratorium on enforcement
actions against the Foreign Debtors.

Accordingly, the Debtors filed the Chapter 15 cases to seek
cross-border recognition of the Spanish Proceeding to extend the
Standstill Agreement with respect to the Foreign Debtors within the
territorial jurisdiction of the United States of America.  The
Debtors' assets in the United States consist of direct or indirect
ownership in numerous Delaware companies.

A copy of the Petition for Recognition is available for free at:

     http://bankrupt.com/misc/4_ABENGOA_Recognition.pdf

                         About Abengoa

Spanish energy giant Abengoa S.A. is a leading 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.

As of the end of 2015, Abengoa, S.A. was the parent company of 687
other companies around the world, including 577 subsidiaries, 78
associates, 31 joint ventures, and 211 Spanish partnerships.
Additionally, the Abengoa Group held a number of other interests of
less than 20% in other entities.

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.

On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC and 5  five
other U.S. units of Abengoa S.A. each filed a voluntary petition
for relief under Chapter 11 of the United States Bankruptcy Code in
the United States Bankruptcy Court for the Eastern District of
Missouri.  The cases are pending before the Honorable Kathy A.
Surratt-States and are jointly administered under Case No. 16-
41161.

Abengoa, S.A., and 24 of its subsidiaries filed Chapter 15
petitions (Bankr. D. Del. Case Nos. 16-10754 to 16-10778) on March
28, 2016, to seek U.S. recognition of a standstill agreement with
creditors and its restructuring proceedings in Spain.  Christopher
Morris signed the petitions as foreign representative.  DLA Piper
LLP (US) represents the Debtors as counsel.


ABENGOA SA: Joint Administration of Chapter 15 Cases Sought
-----------------------------------------------------------
Abengoa, S.A. and its debtor affiliates ask the U.S Bankruptcy
Court for the District of Delaware to enter an order directing
joint administration of their related Chapter 15 cases under the
case of "Abengoa, S.A.," Case No. 16-10754.

"Given the integrated nature of the Foreign Debtors' operations,
joint administration of these chapter 15 cases will provide
significant administrative convenience without harming the
substantive rights of any party in interest," said Craig R. Martin,
Esq., at DLA Piper LLP (US), counsel to Christopher Morris, in his
capacity as the duly authorized foreign representative.

According to Mr. Martin, the entry of an order directing joint
administration of these chapter 15 cases will reduce fees and costs
by avoiding duplicative filings and objections, allow the Office of
the United States Trustee for the District of Delaware and all
parties in interest to monitor these chapter 15 cases with greater
ease and efficiency and will not adversely affect the Debtors'
respective constituencies because this Motion requests only
administrative, not substantive, consolidation of the Chapter 15
bankruptcy cases.

                         About Abengoa

Spanish energy giant Abengoa S.A. is a leading 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.

As of the end of 2015, Abengoa, S.A. was the parent company of 687
other companies around the world, including 577 subsidiaries, 78
associates, 31 joint ventures, and 211 Spanish partnerships.
Additionally, the Abengoa Group held a number of other interests of
less than 20% in other entities.

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.

On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC and 5  five
other U.S. units of Abengoa S.A. each filed a voluntary petition
for relief under Chapter 11 of the United States Bankruptcy Code in
the United States Bankruptcy Court for the Eastern District of
Missouri.  The cases are pending before the Honorable Kathy A.
Surratt-States and are jointly administered under Case No. 16-
41161.

Abengoa, S.A., and 24 of its subsidiaries filed Chapter 15
petitions (Bankr. D. Del. Case Nos. 16-10754 to 16-10778) on March
28, 2016, to seek U.S. recognition of a standstill agreement with
creditors and its restructuring proceedings in Spain.  Christopher
Morris signed the petitions as foreign representative.  DLA Piper
LLP (US) represents the Debtors as counsel.


ACHPRETVIA TAL CHAIM: Goldstein Hall Okayed as Litigation Counsel
-----------------------------------------------------------------
Congregation Achpretvia Tal Chaim Sharhayu Shor, Inc. sought and
obtained approval from the U.S. Bankruptcy Court for the Southern
District of New York to employ Goldstein Hall PLLC as its special
litigation counsel effective as of January 15, 2016.

Goldstein will represent the Debtor in the litigation styled 163
East 69 Realty, LLC v. Congregation Achpretvia Tal Chaim Sharhayu
Shor, Inc. Index No. 161573/2015 currently pending in Supreme Court
of the State of New York which is currently stayed by this
bankruptcy case.  Goldstein has previously represented the Debtor
in the State Court Litigation.  The Debtor intends on removing the
State Court Litigation to the Bankruptcy Court so that it may
litigate the State Court Litigation to a final resolution in the
Bankruptcy Court.

The firm's Brian Hsu attests that Goldstein does not represent or
hold any interest adverse to the debtor or the estate with respect
to the matter on which the firm is to be employed.  

The principal attorneys and paralegals presently designated to
represent the Debtor and their rates are:

     Brian Hsu $400 per hour;
     E-mail: bhsu@goldsteinhall.com

     Jason Labate $400 per hour; and
     E-mail: jlabate@goldsteinhall.com

     Peter Rivera $400 per hour.
     E-mail: privera@goldsteinhall.com

Congregation Achpretvia Tal Chaim Sharhayu Shor, Inc., in Brooklyn,
New York, filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 16-10092) on January 15, 2016.  Judge Michael E.
Wiles presides over the case.  Arnold Mitchell Greene, Esq., at
Robinson Brog Leinwand Greene Genovese & Gluck P.C., serves as the
Debtor's counsel.  In its petition, the Congregation listed total
assets of $18 million and total liabilities of $472,502.  The
petition was signed by Harold Friedlander, vice president.


ACHPRETVIA TAL CHAIM: Hansen Law Okayed as Real Estate Counsel
--------------------------------------------------------------
Congregation Achpretvia Tal Chaim Sharhayu Shor, Inc. sought and
obtained approval from the U.S. Bankruptcy Court for the Southern
District of New York to employ Hansen Law PLLC as its special real
estate counsel effective as of January 15, 2016.

The Debtor engaged Hansen as its special real counsel with respect
to sale of a vacant building located at 163 East 69th Street, New
York, New York owned by the Debtor.  The Building is currently the
subject of a purported contract of sale to 163 East 69 Realty, LLC,
which is to sell the Building for a price that is below fair market
value.

163 East 69 Realty has initiated a proceeding in the Supreme Court
of the State of New York seeking specific performance directing the
Debtor to complete the sale of the Building, which would still
require authorization from the State of New York and the New York
State Attorney General due to the Debtor's non-profit status.

One of the Debtor's main goals is to resolve the state court
litigation in its favor and sell the Building for maximum value.
The Debtor requires the assistance of Hansen to arrange for the
Property to be sold at its fair market value.  Prior to the
Petition Date, Hansen had already been advising the Debtor with
respect to its options surrounding the disposition of the Building.


The firm's Lawrence Hansen, Esq., attests that Hansen does not hold
or represent any interest adverse to Debtor in respect of the
matters upon which it is to be engaged.

The principal attorneys and paralegals presently designated to
represent the Debtor and their rates are:

     Lawrence Hansen $350 per hour;
     Daniel McMonagle $300 per hour;
     Daniel Rothman $220 per hour

The firm may be reached at:

     Lawrence Hansen, Esq.
     Hansen Law PLLC
     271 Madison Avenue, 18th Floor
     New York, NY 10016
     Tel: (212) 972-3300
     Cell Phone: (347) 510-8781
     Direct Fax: (347) 287-6745
     Email: lh@hansenlawpllc.com

Congregation Achpretvia Tal Chaim Sharhayu Shor, Inc., in Brooklyn,
New York, filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 16-10092) on January 15, 2016.  Judge Michael E.
Wiles presides over the case.  Arnold Mitchell Greene, Esq., at
Robinson Brog Leinwand Greene Genovese & Gluck P.C., serves as the
Debtor's counsel.  In its petition, the Congregation listed total
assets of $18 million and total liabilities of $472,502.  The
petition was signed by Harold Friedlander, vice president.


ADVANCEPIERRE FOODS: S&P Affirms 'B' CCR; Outlook Stable
--------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit rating on Cincinnati, Ohio-based AdvancePierre Foods Inc.
The outlook is stable.

At the same time, S&P affirmed the 'B' issue-level rating on
AdvancePierre's secured first-lien debt, and revised the recovery
rating to '3', indicating S&P's expectation of 50% to 70% recovery
(at the lower end of the range) in the event of a payment default,
from '4'.

In addition, S&P affirmed the issue-level rating on the company's
secured second-lien debt at 'CCC+', with a recovery rating of '6',
indicating negligible (0% to 10%) recovery in the event of a
payment default.

As of Dec. 31, 2015, AdvancePierre had approximately $1.3 billion
of total reported debt outstanding.

"The rating affirmation reflects our expectation that AdvancePierre
will sustain its improved operating performance, given our
expectation that meat input cost inflation will remain muted, while
better pricing discipline will permit the company maintain its
higher operating margins," said Standard & Poor's credit analyst
Stephanie Harter.  "Still, we believe there is a near-term risk
that the company may modestly increase leverage as it needs to
refinance its bank facilities."

The outlook is stable, reflecting the likelihood that meat cost
inflation will be muted while improved pricing discipline should
allow the company to sustain its improved margins.  This should
allow the company to reduce debt to EBITDA to near or below 5x by
fiscal year-end 2016.

S&P could consider a lower rating if the company does not refinance
its maturing bank debt over the near term, or if it refinances its
bank facilities at significantly higher debt levels, resulting in
debt to EBITDA well above 7x.  At current run rate EBITDA levels,
S&P estimates the company would have to add about $500 million of
debt for this to occur.

S&P could consider an upgrade if AdvancePierre performs as expected
and its financial sponsor owners demonstrate a less aggressive
financial policy, including a commitment to operating with a
debt-to-EBITDA ratio well below 5x.  Given its near-term bank
facility maturities, the company would need to refinance this debt
at unchanged leverage levels, reduce leverage to below 5x, and
commit to sustaining those levels to demonstrate a financial policy
consistent with a higher rating.


ALBERTSONS COS: S&P Assigns 'B+' CCR; Outlook Positive
------------------------------------------------------
Standard & Poor's Ratings Services assigned a 'B+' corporate credit
rating to the Boise, Idaho-based Albertsons Cos. LLC, which is the
parent of Albertson's LLC, Safeway Inc., and NAI.  The outlook is
positive.

S&P is upgrading Albertson's Holdings LLC, Albertson's LLC, Safeway
Inc. to 'B+' from 'B' and removing the ratings from CreditWatch
positive.  The outlook is positive.  S&P also upgraded New
Albertson's Inc. to 'B+' from 'B-' and removed the rating from
CreditWatch positive.  The outlook is positive.

S&P has also raised the ratings on existing debt at Albertson's
Holdings, Safeway, and NAI to reflect the current organizational
and capital structure consistent with our indication in December
2015.  S&P removed all ratings from CreditWatch positive.

   -- The tranche B-5 term loan issue-level rating is assigned at
      'BB', with a '1' recovery rating (90%-100%).

   -- S&P raised its issue-level ratings on the tranche B-1, B-2,
      B-3, and B-4 term loans to 'BB' from 'BB-', with a '1'
      recovery rating, indicating S&P's expectation for a very
      high (90% to 100%) recovery in the event of default;

   -- S&P raised its issue-level ratings on Safeway's 7.75% notes
      due 2022, 3.4% notes due 2016, 6.35% notes due 2017, and 5%
      notes due 2019 to 'B+' from 'CCC+'.  The recovery rating on
      this debt is '3', reflecting S&P's expectation for
      meaningful recovery at the lower half of the 50% to 70%
      range;

   -- S&P raised its issue-level rating on Safeway's 3.95% notes
      due 2020, 4.75% notes due 2021, 7.45% notes due 2027, and
      7.25% notes due 2031 to 'B' from 'CCC+'.  The recovery
      rating is '5', reflecting S&P's expectation for modest
      recovery, at the lower half of the 10% to 30% range; and

   -- S&P raised its issue-level rating on Albertson's Inc.'s
      medium term notes and senior notes due 2026, 2029, 2030, and

      2031 to 'B-' from 'CCC+'.  The '6' recovery rating reflects
      S&P's expectation for negligible (0% to 10%) recovery.

"The rating on ACL reflects the substantial amount of leverage from
the Safeway purchase on Jan. 30, 2015, but also its strong market
position as a combined entity and significant potential for cost
synergies.  Privately held ACL has cited market conditions for
delaying an IPO last year," said credit analyst Diya Iyer.  "We
believe an IPO and possible refinancing are still
possibilities over the next year but timing and likelihood remain
unclear.  We understand the formation of ACL as a parent company,
the recent debt issuance, and the merger of certain units into ACL
was done to simplify the capital structure and financial reporting
in advance of a potential IPO.  In the meantime, we believe NAI and
Safeway are making continued operational improvements."

The outlook is positive.  S&P believes sales trends at the majority
of banners should remain positive despite food deflation (which
typically reduces revenues). After initially incurring a large
amount of transaction costs, cost saving opportunities could lead
to material profit growth and potentially an IPO.

Given the competitive nature of the industry, sales growth trends
could moderate and price investments could counteract some of the
cost saving opportunities.  An IPO would be less likely if ACL
experiences significant integration problems and fails to save on
costs, while sales and margins erode.  In that case, S&P could
revise the outlook to stable or lower the rating, if for example,
revenue growth was flat or negative on strategic missteps along
with declining margins and failed synergies.

If leverage meets S&P's expectation and approaches the mid-4x area
following an IPO over the next year, S&P would consider a higher
rating.  One scenario would be for revenue growth to be in the
mid-single digits and gross margins to improve around 50 bps from
expected pro forma levels, leading to an IPO with proceeds to
reduce debt.



ALLEN ACADEMY: S&P Lowers Rating on 2013 Revenue Bonds to 'B-'
--------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term rating to
'B-' from 'B+' on Allen Academy, Mich.'s series 2013 public school
academy revenue bonds and placed the bonds on CreditWatch with
negative implications.

"The downgrade and CreditWatch action reflect our view of the
heightened uncertainty with regards to Allen Academy's charter,
which currently expires on June 30, 2016," said Standard & Poor's
credit analyst Ryan Quakenbush.  "The rating could be lowered,
potentially by multiple notches, if the charter authorizer does not
extend the charter for Allen Academy beyond June 2016 or if
management fails to secure an alternative charter arrangement
should non-renewal occur," Mr. Quakenbush added.

"Further, the bond covenant violations are considered an event of
default, which could result in immediate acceleration by
bondholders, though no action has currently been taken.  If the
school fails to make progress toward bond covenant compliance, with
resulting bondholder action or potential acceleration, we could
also lower the rating," Mr. Quakenbush said.

In February 2016, Ferris State University (FSU) issued a notice of
intent not to renew the school's charter as a result of the
school's continued low academic performance, which places five of
the seven grades tested in either the bottom 1 or 2 percentile of
the state.  Furthermore, the notice to not renew was a result of
the rapid deterioration in the academy's financial performance,
with fiscal 2015 operations resulting in bond covenant violations
of annual debt service coverage and days' cash on hand.  For fiscal
2016, the school is expected to post an even larger deficit than in
fiscal 2015 and end the year with virtually no cash.

S&P understands the school is continuing to work through the plan
of correction with FSU, which involves proposing a revised budget
and other strategic plans involving potential reorganization.  Both
the authorizer and the school indicate that FSU expects to make a
determination regarding extension of the charter arrangement within
the next two weeks.

S&P does not have clear indication of the direction FSU will
ultimately take.

S&P will continue to monitor the academy's charter arrangement.
S&P could revise the outlook to stable if the academy's charter is
renewed, enrollment stabilizes, and the financial metrics
demonstrate substantial improvement.



ALLIED FINANCIAL: Cintron Approved as Special Counsel
-----------------------------------------------------
Allied Financial, Inc., sought and obtained approval from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ Susana
Castro Cintron as special counsel.

Ms. Cintron represents the Debtor in these cases:

   1. Allied Financial, Inc. vs. MIME Developers, Inc., et al.,
Civil No.J CD2011-0256;

   2. Allied Financial, Inc. vs. Miguel Mendez Betnaces, Myriam
Sanes Rivera and their Conjugal partnership, et a., Civil No.
CDJ2011-0304;

   3. Allied Financial, Inc. vs. Luis Martorell, Maritza Franqui
Echevestre and their Conjugal Partnership, et al., Civil No.,
NSCI2010-0810;

   4. Allied Financial, Inc. vs. Raul Guadalupe Viera, Civil No. E
CD2011-0368;

   5. Allied Financial, Inc. vs. The Reef Harbor, Inc., et al.,
Civil No. ISCI2010-00925;

   6. Allied Financial Inc. vs. Calero Recio, Civil No. A
CD2010-0175;

   7. Allied Financial, Inc. vs. Estancias de Altomonte, et al.,
Civil Number D CD2008-2098; and

   8. In Re Ramon Manuel Arbona Garcia Case No. 11-09827.

According to the Debtor, except for In re Ramon Arbona Garcia, all
of the cases are collection of money claims and foreclosure
proceedings with final judgments entered.  They are all in the
judgment execution process.

As Special Counsel, Ms. Cintron will, among other things:

   1. prepare complain and all necessary pleadings;

   2. manage all initial discovery process in the cases including,
reviewing records, sending and answering interrogatories, inital
motion for discovery, etc.;

   3. attend hearing;

   4. handle motions and dispositive motions;

   5. meet with defendants and plaintiff;

   6. negotiate possible stipulations;

   7. any other legal issue that may be brought up during the
case.

Ms. Cintron has not requested a retainer fee in the case and no
prepetition fees are owed.  Compensation for professional services
to be rendered in the case is agreed as a rate of $150 per hour
plus any costs and expenses.

To the best of the Debtor's knowledge, the Ms. Cintron is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

                     About Allied Financial

Allied Financial, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D. Puerto Rico Case No. 16-00180) on Jan. 15, 2016.  The
petition was signed by Rafael Portela as president of the Board of
Directors.  The Debtor disclosed total assets of $10.28 million and
total debts of $9.14 million.  C. Conde & Assoc. represents the
Debtor as counsel.  Mildred Caban Flores has been assigned the
case.


ALLIED FINANCIAL: Jose Jimenez Approved as Accountant
-----------------------------------------------------
Allied Financial, Inc., sought and obtained approval from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ Jose
Jimenez, CPA, CVA, CIRA, of Jimenez Vazquez & Associates, PSC, as
accountant.

Mr. Jimenez agreed to perform these tasks for the Debtor:

   1. assist in gathering and compiling the necessary information
required to file the Chapter 11 petition and court required
information and schedules;

   2. provide consulting services and assist the Debtor and her
attorney in documenting the reorganization plan to be filled in the
case;

   3. prepare monthly operating reports, prepare financial projects
and other relevant information as required and necessary;

   4. prepare all necessary tax returns to ascertain Debtor is in
full compliance with her fiscal responsibilities;

   5. assist the Debtor and her attorney in all matters related to
court instructions, transactions, and or information requests of an
accounting or financial nature.

The Debtor will pay Mr. Jimenez at $145 per hour.  Mr. Jimenez also
required a retainer of $4,000 and will paid upon approval of the
application for employment.

To the best of the Debtor's knowledge, Mr. Jimenez and the firm are
"disinterested" as that term is defined in Section 101(14) of the
Bankruptcy Code.

Mr. Jimenez can be reached at:

         Jose Jimenez
         JIMENEZ VAZQUEZ & ASSOCIATES, PSC
         Calle 8 D-1 Valparaiso
         Toa Baja, P.R.  
         P.O. Box 3774, Bayanon, PR
         Tel: (787) 447-0098
         Fax: (939) 338-2362

                     About Allied Financial

Allied Financial, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D. Puerto Rico Case No. 16-00180) on Jan. 15, 2016.  The
petition was signed by Rafael Portela as president of the Board of
Directors.  The Debtor disclosed total assets of $10.28 million and
total debts of $9.14 million.  C. Conde & Assoc. represents the
Debtor as counsel.  Mildred Caban Flores has been assigned the
case.


AMAN RESORTS: Involuntary Case Dismissed Against Former Owner
-------------------------------------------------------------
Lillian Rizzo, writing for Dow Jones' Daily Bankruptcy Review,
reported that a bankruptcy judge on March 28 dismissed the
involuntary chapter 11 filing against Aman Resorts Group Ltd., the
former owner of a lavish hotel chain favored by celebrities.

According to the report, Judge Shelley Chapman of the U.S.
Bankruptcy Court in New York on March 28 granted the now-defunct
shell company's request to dismiss the case.  However, the judge
was quick to add that she wanted a federal bankruptcy watchdog to
work with all the lawyers involved "to get to the bottom" of the
perplexing filing, the report related.

An involuntary Chapter 11 petition was filed against ARGL on March
4, 2016 by Omar Amanat, Peak Venture Partners and Carpentaria
Management Services Limited ("Original Petitioners").  ARGL
relates
that Carpentaria and Peak Venture are controlled by
Mr. Amanat.

An amended involuntary petition was filed on March 7, 2016 against
ARGL by Carolyn Turnbull, George Robinson, Fonde Investment
Capital
SA, and Adrian Zecha ("New Petitioners).  ARGL contends that the
Amended Petition did not include any original signatures of the
New
Petitioners.  It further contends that it has requested copies of
the signatures of the New Petitioners, but none have been
provided.


AMERICAN LIBERTY: Gets Ranchland Order for Relief, Consolidation
----------------------------------------------------------------
American Liberty Oil Company, LP, sought and obtained from
Judge Stacey G. Jernigan of U.S. Bankruptcy Court for the Northern
District of Texas on March 10, 2016:

  -- an order for relief as to Ranchland Holdings, Ltd.'s
involuntary Chapter 11 bankruptcy case in order to allow for the
prosecution of a Chapter 11 Plan; and

  -- an order procedurally consolidating the cases of ALOC and
Ranchland under the ALOC bankruptcy heading with a joint caption,
under Case No. 15-32019.

In seeking an order for relief and consolidation of the cases, ALOC
explained that on Aug. 28, 2015, an involuntary petition was filed
against Ranchland Holdings, Ltd. ("Ranchland") by ALOC.

ALOC and the James Wynne Parties dispute, among other things, who
has the authority to manage Ranchland, including to Answer for
Ranchland's behalf to the involuntary petition and manage the
Ranchland bankruptcy case.  

The Court entered a Scheduling Order Regarding Involuntary Petition
to facilitate the litigation and determination of these issues.
The Scheduling Order was then continued and ultimately abated on
Jan. 4, 2016 to allow the parties to focus on settlement
discussions.

ALOC, the James Wynne Parties, and other parties have reached a
tentative global settlement of the issues involving the James Wynne
Parties that will be further addressed in a Chapter 11 Plan of ALOC
and Ranchland.  For purposes of managing the Ranchland bankruptcy
case, the parties agree that to effectuate the settlement:

   (a) ALOC LLC (the alleged general partner of ALOC) will have the
authority to act on behalf of ALOC;

   (b) the WW GST Exempt Trust (LT), Erin Wynne, and Wes Wynne will
have authority to direct ALOC LLC, and indirectly through ALOC LLC,
ALOC;

   (c) QSLWM will continue to represent ALOC and will represent
Ranchland;

   (d) Ranchland will be directed by Celadon Development LLC;
("Celadon");

   (e) Celadon will be under the direction of the WW GST Exempt
Trust (LT) and WW GST Exempt Trust (c. 2000).

   (f) This authority includes matters required to effectuate the
terms of the parties' settlement, such as filing Chapter 11 Plans
to effectuate the terms the settlement and handling routine matters
in the bankruptcy cases.

   (g) In the event the settlement between the parties terminates
for any reason, the parties will resume litigating the issue of who
has authority to manage Ranchland and direct its affairs in this
proceeding.

                    About American Liberty Oil

American Liberty Oil Company, LP, was founded in the 1930s and
became one of the nation's premier energy companies, with a
portfolio that included oil and gas production across the
continent; refinery, manufacturing, and ranching interests; hotels
in Hong Kong, Bali, Nepal, and Malta; and roles in numerous local
developments such as Wynnewood, Plaza of the Americas, and Six
Flags Over Texas.

Following the death of Toddie Lee Wynne Jr. in 1987, control of the
company was contested during a nearly 10-year-long estate battle
between Wynne's children and his second wife.  The resolution of
that litigation left his three sons, Wreno, James, and Ben, in
complete control of the company.  Throughout the 1990s and 2000s,
ALOC accumulated debt, sold profitable operations, and was mostly
unsuccessful in its new ventures.

Currently, ALOC owns approximately 7500 acres in East Texas (the
"Ranch"), as well as 100% of Star Brand Cattle Company LLC, 99.9%
of Star Brand Cattle Company Ltd. d/b/a Star Brand Ranch Executive
Retreat, and 99% of Ranchland Holdings Ltd.  Ranchland owns 335
acres of undeveloped ranchland that is contiguous with the Ranch.
Star Brand Cattle Company Ltd. serves as the operational division
for the affiliated entities and employs 15-20 personnel (depending
on the calendar) for various functions, including accounting,
general management of the Ranch, and operating the Ranch's
executive retreat.

American Liberty Oil Company, LP sought Chapter 11 protection
(Bankr. N.D. Tex. Case No. 15-32019) on May 6, 2015.  The petition
was signed by Wreno S. Wynne, Jr., as managing partner of ALOC LLC.
The Debtor estimated assets of $10 million to $50 million and debt
of $1 million to $10 million in its petition.

On Aug. 28, 2015, the Court entered an order authorizing ALOC to
file an involuntary petition against Ranchland due to an impending
foreclosure against Ranchland's real property.  The involuntary
petition against Ranchland (Case No. 15-33461) was filed on the
same day as the entry of the order.

The cases are assigned to Hon. Stacey G. Jernigan.

Quilling, Selander, Lownds, Winslett & Moser, P.C., serves as
ALOC's bankruptcy counsel.  ALOC also won approval to hire Litzler,
Segner, Shaw & McKenney, LLP as accountant; Hi View Real Estate as
real estate broker; Skibell, Bohach & Archer, P.C. as special
counsel; Allie Beth Allman and Associates, and Moreland Properties
as real estate broker; and Foreman & Kessler, Ltd., as special
counsel.

                           *     *     *

The meeting of creditors under 11 U.S.C. Sec. 341 was commenced and
concluded on June 11, 2015.

No official committee of unsecured creditors has yet been appointed
and no such committee is expected to be appointed.

The bar date for filing proofs of claim in the ALOC case passed on
Sept. 9, 2015.  The Court has not yet set a bar date in the
Ranchland case.


AMERICAN LIBERTY: Reaches Deal With Wynne, Files Ch. 11 Plan
------------------------------------------------------------
American Liberty Oil Company, LP has filed a proposed plan of
reorganization made possible by a settlement reached with JW GST
Exempt Trust and James Y. Wynne ("Wynne Parties").

The Wynne Parties are co-proponents with ALOC to the Plan, which
covers both ALOC and related debtor Ranchland Holdings, Ltd.

ALOC's primary asset is 7,500 acres in Kaufman County Texas, where
it operates an executive retreat through an operational subsidiary
entity, with the property divided as: ALOC - Tract 1: 5,766.4350
acres; ALOC - Tract 2: 1,207 acres; ALOC - Tract 3: 135.7600 acres;
ALOC - Tract 4: 96.7000 acres.  Ranchland owns 3 tracts of land,
referenced as: Ranchland – Northstar, 85.3347 approximate acres;
Ranchland - Five Points, 102.3900 approximate acres; and Ranchland
–Crescent, 147.7300 approximate acres.

                    Settlement With Wynne Parties

ALOC, Ranchland, and certain other parties have been involved in
considerable litigation with the James Wynne Parties regarding,
among other claims, disputed equity and debt claims in and against
ALOC and Ranchland.  The parties have agreed to resolve all such
interests and claims by, among other agreements, a full mutual
release and a partition whereby the James Wynne Parties will assume
all liability of the claims of the Toddie Lee Wynne Sr.
Grandchildren's Trust and take certain real property otherwise free
of all other claims and interests.  

More specifically, the real property to be partitioned to the James
Wynne Parties is: (a) an approximate 1950 acres comprised of ALOC
– Tract 3 and certain acreage from ALOC – Tract 1 (collectively
referred to as the "JWW Tract"); and (b) Ranchland –Crescent.  
ALOC and Ranchland will retain all other real property and debt.
In order to facilitate various terms of the Chapter 11 Plan, ALOC
– Tract 1 has been further divided by the identification of a
smaller approximate 150 tract from the larger tract, referred to as
"ALOC - Michael Morris".  The acreage and improvements in ALOC –
Tract 1 less the JWW Tract and ALOC – Michael Morris is referred
to as "ALOC – Adjusted Tract 1."

                        Mostly Secured Debt

Other than James Wynne Parties, which are provided for fully by the
settlement and partition, the primary constituents in this case
consist of the following parties: Legacy Land Bank FLCA, Michael
Morris, Toddie Lee Wynne Sr. Grandchildren's Trust, Citizens
National Bank of Texas, Erin and Wreno Wynne, Vandera Operating
Company, and the Spence Testamentary Trust (WBW Estate). The
Chapter 11 Plan contemplates the consolidation of the assets of
ALOC and Ranchland into one entity referred to as the "Reorganized
Debtor".  The Chapter 11 Plan further contemplates new financing to
satisfy the claims of Legacy Land Bank FLCA, and possibly Citizens
National Bank of Texas, on terms that include an agreed reduction
of the alleged debt.

The Debtor's liabilities are mostly secured:

   * Secured creditor Legacy Bank is owed $2,400,000.

   * Michael Morris, et al., have secured claims on account of
notes in the original principal amounts of $2,252,853 and $75,000.

   * Toddie Lee Wynne Sr. Grandchildren's Trust asserts a claim
secured against the partnership interests of the Debtor in the
amount of $858,221.

   * Erin Wynne and Wreno S. Wynne assert secured claims in the
amount of $126,000 and $141,500 respectively that are secured by
the Debtor's art and furnishings that are valued in the amount of
approximately $968,643.

   * There is a secured DIP facility claim of Vandera Operating
Company for revolving postpetition advances on a secured basis
loaned to the Debtor in the total amount of $100,000.

   * The bankruptcy estate has approximately $55,000 of unsecured
claims including the unsecured claims on the Debtor's schedules and
those filed with the Court on the claims register.  The unsecured
claims that are greater than $10,000 include a claim of BKM Horan
in the amount

   * The Debtor contemplates that the administrative expense claims
owed by the estate will consist primarily of fees of professionals
hired in the Chapter 11 case, and, while such amounts are difficult
to estimate with certainty, the Debtor estimates $250,000 under the
current Plan.

                        2 Financing Options

The Debtor is evaluating two financing options.  Under Option 1,
the new financing will be: (a) in the approximate amount of
$5,500,000; (b) secured by a first lien on the majority of the
Reorganized Debtor's remaining property, currently anticipated as
ALOC – Adjusted Tract 1, ALOC - Tract 2, and Ranchland –
Northstar; and (c) used to satisfy the claims of Legacy Land Bank
FLCA and Citizens National Bank of Texas, as well as fund the
Debtor's restructuring costs.  Under Option 2, the Debtor will
obtain financing in the approximate amount of $2,500,000, secured
by a lien on ALOC – Adjusted Tract 1, which will be used to
partially satisfy the claim of Legacy Land Bank FLCA. The Debtor
will obtain additional financing of approximately $1MM secured by
ALOC - Tract 2 to satisfy the claim of Legacy Land Bank FLCA and
fund the Debtor's restructuring costs.

Under both options the claims of Erin and Wreno Wynne and Vandera
Operating Company will be consolidated and satisfied by payments
over time secured by a first lien on personal property and a lien
on the Reorganized Debtors' real property subordinate to each of
the lien positions.

The Toddie Lee Wynne Sr. Grandchildren's Trust will be assumed by
the James Wynne Parties and paid over time with a lien secured by
certain real property transferred to the James Wynne Parties (the
JWW Tract and Ranchland – Crescent).

The final structure may vary from the final structure depending on
the final financing terms.  Any such changes will likely have
limited impact on the terms and risks to any non-consenting
parties, according to the Debtor.

                            Feasibility

With respect to feasibility, ALOC will continue to market ALOC –
Tract 2 and will market Ranchland – Five Points and Ranchland –
Northstar.  ALOC will list ALOC – Tract 4 at the end of year 2 if
no property has sold.  The Reorganized Debtor will continue to
operate the executive retreat through its subsidiary or cease
operations in its discretion.  The James Wynne Parties will market
Ranchland- Crescent for sale or development immediately following
partition or transfer of property and will begin working to
generate other income from JWW and Ranchland - Crescent tracts.

The Debtor's current Plan maintains business operations and
proposes a 100% distribution to all parties. The Debtor contends
that its plan would provide the best recovery to all Allowed
Claims. Accordingly, the Debtor maintains that the current Plan
is the best option for all constituents and preferable to another
Plan that may not have the same level of consent or recovery for
all parties.

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

    http://bankrupt.com/misc/315_W_35th_90_Plan_Conf_Ord.pdf

Attorneys for ALOC:

         Hudson M. Jobe
         Timothy A. York
         QUILLING SELANDER LOWNDS, WINSLETT & MOSER, P.C.
         2001 Bryan Street, Suite 1800
         Dallas, Texas 75201
         Tel: (214) 871-2100
         Fax: (214) 871-2111
         E-mail: hjobe@qslwm.com
                 tyork@qslwm.com

Attorneys for the James Wynne Parties:

         PADFIELD & STOUT, L.L.P.
         Alan B. Padfield
         Mark W. Stout
         Christopher V. Arisco
         421 W. Third Street, Suite 910
         Fort Worth, Texas 76102
         Tel: (817) 338-1616
         Fax: (817) 338-1610
         E-mail: abp@livepad.com
                 ms@livepad.com
                 carisco@livepad.com

                    About American Liberty Oil

American Liberty Oil Company, LP, was founded in the 1930s and
became one of the nation's premier energy companies, with a
portfolio that included oil and gas production across the
continent; refinery, manufacturing, and ranching interests; hotels
in Hong Kong, Bali, Nepal, and Malta; and roles in numerous local
developments such as Wynnewood, Plaza of the Americas, and Six
Flags Over Texas.

Following the death of Toddie Lee Wynne Jr. in 1987, control of the
company was contested during a nearly 10-year-long estate battle
between Wynne's children and his second wife.  The resolution of
that litigation left his three sons, Wreno, James, and Ben, in
complete control of the company.  Throughout the 1990s and 2000s,
ALOC accumulated debt, sold profitable operations, and was mostly
unsuccessful in its new ventures.

Currently, ALOC owns approximately 7500 acres in East Texas (the
"Ranch"), as well as 100% of Star Brand Cattle Company LLC, 99.9%
of Star Brand Cattle Company Ltd. d/b/a Star Brand Ranch Executive
Retreat, and 99% of Ranchland Holdings Ltd.  Ranchland owns 335
acres of undeveloped ranchland that is contiguous with the Ranch.
Star Brand Cattle Company Ltd. serves as the operational division
for the affiliated entities and employs 15-20 personnel (depending
on the calendar) for various functions, including accounting,
general management of the Ranch, and operating the Ranch's
executive retreat.

American Liberty Oil Company, LP sought Chapter 11 protection
(Bankr. N.D. Tex. Case No. 15-32019) on May 6, 2015.  The petition
was signed by Wreno S. Wynne, Jr., as managing partner of ALOC LLC.
The Debtor estimated assets of $10 million to $50 million and debt
of $1 million to $10 million in its petition.

On Aug. 28, 2015, the Court entered an order authorizing ALOC to
file an involuntary petition against Ranchland due to an impending
foreclosure against Ranchland's real property.  The involuntary
petition against Ranchland (Case No. 15-33461) was filed on the
same day as the entry of the order.

The cases are assigned to Hon. Stacey G. Jernigan.

Quilling, Selander, Lownds, Winslett & Moser, P.C., serves as
ALOC's bankruptcy counsel.  ALOC also won approval to hire Litzler,
Segner, Shaw & McKenney, LLP as accountant; Hi View Real Estate as
real estate broker; Skibell, Bohach & Archer, P.C. as special
counsel; Allie Beth Allman and Associates, and Moreland Properties
as real estate broker; and Foreman & Kessler, Ltd., as special
counsel.

                           *     *     *

The meeting of creditors under 11 U.S.C. Sec. 341 was commenced and
concluded on June 11, 2015.

No official committee of unsecured creditors has yet been appointed
and no such committee is expected to be appointed.

The bar date for filing proofs of claim in the ALOC case passed on
Sept. 9, 2015.  The Court has not yet set a bar date in the
Ranchland case.


AMERICAN LIBERTY: Seeks Third Plan Exclusivity Extension
--------------------------------------------------------
American Liberty Oil Company, LP, filed with the U.S. Bankruptcy
Court for the Northern District of Texas a motion to extend its
exclusive period to propose a Chapter 11 plan to April 18, 2016,
and its exclusive period to solicit acceptances of that plan to
June 20, 2016.

In the Debtor's motion for a third exclusivity extension, Hudson M.
Jobe, Esq., at Quilling, Selander, Lownds, Winslett & Moser, P.C.,
points out that ALOC's case involves:

   (1) years of litigation in multiple forums concerning disputes
over control, claims, and equity ownership of the Debtor, its
general partner, and affiliated debtor, Ranchland Holdings, Ltd.,
and its general partner;

   (2) an executive retreat with employees and active, ongoing
operations;

   (3) two separate bankruptcy cases involving separate tracts of
land with considerable value; and

   (4) five parties in interest with considerably different debt
and/or equity claims between the two Debtors and their respective
land, including lien positions (Citizens National Bank of Texas,
Legacy Land Bank, the Michael Morris Trust, the Spence Testamentary
Trust (WBW Estate), and the Toddie Lee Wynne Grandchildrens'
Trust)).

ALOC maintains that it has been extremely diligent in making good
faith efforts towards global resolution of many issues on many
fronts, and that the chances of global resolution are worth
continued pursuit of this goal, rather than moving forward now on a
Plan that addresses some, but not nearly all, of these outstanding
issues.

Mr. Jobe avers that an extension will increase the likelihood of a
greater resolution and distribution to the Debtor's stakeholders by
facilitating an orderly, efficient, and cost-effective plan process
for the benefit of all creditors.  He notes that termination of the
exclusive period, on the other hand, could give rise to the threat
of multiple plans and a contentious confirmation process resulting
in increased administrative expenses and consequently diminishing
returns to the Debtor's creditors, as well as the likelihood that
such competing plans would not be global in nature.

                    About American Liberty Oil

American Liberty Oil Company, LP, was founded in the 1930s and
became one of the nation's premier energy companies, with a
portfolio that included oil and gas production across the
continent; refinery, manufacturing, and ranching interests; hotels
in Hong Kong, Bali, Nepal, and Malta; and roles in numerous local
developments such as Wynnewood, Plaza of the Americas, and Six
Flags Over Texas.

Following the death of Toddie Lee Wynne Jr. in 1987, control of the
company was contested during a nearly 10-year-long estate battle
between Wynne's children and his second wife.  The resolution of
that litigation left his three sons, Wreno, James, and Ben, in
complete control of the company.  Throughout the 1990s and 2000s,
ALOC accumulated debt, sold profitable operations, and was mostly
unsuccessful in its new ventures.

Currently, ALOC owns approximately 7500 acres in East Texas (the
"Ranch"), as well as 100% of Star Brand Cattle Company LLC, 99.9%
of Star Brand Cattle Company Ltd. d/b/a Star Brand Ranch Executive
Retreat, and 99% of Ranchland Holdings Ltd.  Ranchland owns 335
acres of undeveloped ranchland that is contiguous with the Ranch.
Star Brand Cattle Company Ltd. serves as the operational division
for the affiliated entities and employs 15-20 personnel (depending
on the calendar) for various functions, including accounting,
general management of the Ranch, and operating the Ranch's
executive retreat.

American Liberty Oil Company, LP sought Chapter 11 protection
(Bankr. N.D. Tex. Case No. 15-32019) on May 6, 2015.  The petition
was signed by Wreno S. Wynne, Jr., as managing partner of ALOC LLC.
The Debtor estimated assets of $10 million to $50 million and debt
of $1 million to $10 million in its petition.

On Aug. 28, 2015, the Court entered an order authorizing ALOC to
file an involuntary petition against Ranchland due to an impending
foreclosure against Ranchland's real property.  The involuntary
petition against Ranchland (Case No. 15-33461) was filed on the
same day as the entry of the order.

The cases are assigned to Hon. Stacey G. Jernigan.

Quilling, Selander, Lownds, Winslett & Moser, P.C., serves as
ALOC's bankruptcy counsel.  ALOC also won approval to hire Litzler,
Segner, Shaw & McKenney, LLP as accountant; Hi View Real Estate as
real estate broker; Skibell, Bohach & Archer, P.C. as special
counsel; Allie Beth Allman and Associates, and Moreland Properties
as real estate broker; and Foreman & Kessler, Ltd., as special
counsel.

                           *     *     *

The meeting of creditors under 11 U.S.C. Sec. 341 was commenced and
concluded on June 11, 2015.

No official committee of unsecured creditors has yet been appointed
and no such committee is expected to be appointed.

The bar date for filing proofs of claim in the ALOC case passed on
Sept. 9, 2015.  The Court has not yet set a bar date in the
Ranchland case.


AMERICAN LIBERTY: Spicewood, TX Property Sold for $33,800
---------------------------------------------------------
American Liberty Oil Company, LP, won approval from the Bankruptcy
Court of its expedited motion to sell unencumbered real property,
namely 22027 Moulin Drive, Spicewood, Texas 78669.  The Debtor is
authorized to close on the Unimproved Property Contract signed Feb.
2, 2016, with buyer David Valdez.  The parties agreed on a gross
sales price of $33,800.  The Debtor is authorized to pay all
closing costs pursuant to the Contract at closing on the sale of
the Property.  The sale will be free and clear of all liens,
claims, encumbrances, and other interests pursuant to 11 U.S.C.
Sec. 363(f).

                    About American Liberty Oil

American Liberty Oil Company, LP, was founded in the 1930s and
became one of the nation's premier energy companies, with a
portfolio that included oil and gas production across the
continent; refinery, manufacturing, and ranching interests; hotels
in Hong Kong, Bali, Nepal, and Malta; and roles in numerous local
developments such as Wynnewood, Plaza of the Americas, and Six
Flags Over Texas.

Following the death of Toddie Lee Wynne Jr. in 1987, control of the
company was contested during a nearly 10-year-long estate battle
between Wynne's children and his second wife.  The resolution of
that litigation left his three sons, Wreno, James, and Ben, in
complete control of the company.  Throughout the 1990s and 2000s,
ALOC accumulated debt, sold profitable operations, and was mostly
unsuccessful in its new ventures.

Currently, ALOC owns approximately 7500 acres in East Texas (the
"Ranch"), as well as 100% of Star Brand Cattle Company LLC, 99.9%
of Star Brand Cattle Company Ltd. d/b/a Star Brand Ranch Executive
Retreat, and 99% of Ranchland Holdings Ltd.  Ranchland owns 335
acres of undeveloped ranchland that is contiguous with the Ranch.
Star Brand Cattle Company Ltd. serves as the operational division
for the affiliated entities and employs 15-20 personnel (depending
on the calendar) for various functions, including accounting,
general management of the Ranch, and operating the Ranch's
executive retreat.

American Liberty Oil Company, LP sought Chapter 11 protection
(Bankr. N.D. Tex. Case No. 15-32019) on May 6, 2015.  The petition
was signed by Wreno S. Wynne, Jr., as managing partner of ALOC LLC.
The Debtor estimated assets of $10 million to $50 million and debt
of $1 million to $10 million in its petition.

On Aug. 28, 2015, the Court entered an order authorizing ALOC to
file an involuntary petition against Ranchland due to an impending
foreclosure against Ranchland's real property.  The involuntary
petition against Ranchland (Case No. 15-33461) was filed on the
same day as the entry of the order.

The cases are assigned to Hon. Stacey G. Jernigan.

Quilling, Selander, Lownds, Winslett & Moser, P.C., serves as
ALOC's bankruptcy counsel.  ALOC also won approval to hire Litzler,
Segner, Shaw & McKenney, LLP as accountant; Hi View Real Estate as
real estate broker; Skibell, Bohach & Archer, P.C. as special
counsel; Allie Beth Allman and Associates, and Moreland Properties
as real estate broker; and Foreman & Kessler, Ltd., as special
counsel.

                           *     *     *

The meeting of creditors under 11 U.S.C. Sec. 341 was commenced and
concluded on June 11, 2015.

No official committee of unsecured creditors has yet been appointed
and no such committee is expected to be appointed.

The bar date for filing proofs of claim in the ALOC case passed on
Sept. 9, 2015.  The Court has not yet set a bar date in the
Ranchland case.


AMERICAN LIBERTY: Unsec. Creditors to Be Paid in Full Under Plan
----------------------------------------------------------------
American Liberty Oil Company, LP, JW GST Exempt Trust and James Y.
Wynne have proposed a reorganization plan for ALOC and
debtor-affiliate Ranchland Holdings, Ltd., that contemplates the
continued business operation of ALOC and a 100% distribution to all
parties.

Unsecured creditors that have claims in excess of $10,000 will
receive monthly installments until paid in full in 5 years.
Unsecured creditors with claims that are less than $10,000 will be
paid in full on the effective date.

The bankruptcy estates only have approximately $55,000 of unsecured
claims.  The unsecured claims that are greater than $10,000 include
a claim of BKM Horan in the amount of $16,044.50, and a claim of
Skibell Bohach & Archer in the amount of $26,027. All of the
remaining unsecured claims against the Debtors are for amounts less
than $10,000.

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

    http://bankrupt.com/misc/315_W_35th_90_Plan_Conf_Ord.pdf

                    About American Liberty Oil

American Liberty Oil Company, LP, was founded in the 1930s and
became one of the nation's premier energy companies, with a
portfolio that included oil and gas production across the
continent; refinery, manufacturing, and ranching interests; hotels
in Hong Kong, Bali, Nepal, and Malta; and roles in numerous local
developments such as Wynnewood, Plaza of the Americas, and Six
Flags Over Texas.

Following the death of Toddie Lee Wynne Jr. in 1987, control of the
company was contested during a nearly 10-year-long estate battle
between Wynne's children and his second wife.  The resolution of
that litigation left his three sons, Wreno, James, and Ben, in
complete control of the company.  Throughout the 1990s and 2000s,
ALOC accumulated debt, sold profitable operations, and was mostly
unsuccessful in its new ventures.

Currently, ALOC owns approximately 7500 acres in East Texas (the
"Ranch"), as well as 100% of Star Brand Cattle Company LLC, 99.9%
of Star Brand Cattle Company Ltd. d/b/a Star Brand Ranch Executive
Retreat, and 99% of Ranchland Holdings Ltd.  Ranchland owns 335
acres of undeveloped ranchland that is contiguous with the Ranch.
Star Brand Cattle Company Ltd. serves as the operational division
for the affiliated entities and employs 15-20 personnel (depending
on the calendar) for various functions, including accounting,
general management of the Ranch, and operating the Ranch's
executive retreat.

American Liberty Oil Company, LP sought Chapter 11 protection
(Bankr. N.D. Tex. Case No. 15-32019) on May 6, 2015.  The petition
was signed by Wreno S. Wynne, Jr., as managing partner of ALOC LLC.
The Debtor estimated assets of $10 million to $50 million and debt
of $1 million to $10 million in its petition.

On Aug. 28, 2015, the Court entered an order authorizing ALOC to
file an involuntary petition against Ranchland due to an impending
foreclosure against Ranchland's real property.  The involuntary
petition against Ranchland (Case No. 15-33461) was filed on the
same day as the entry of the order.

The cases are assigned to Hon. Stacey G. Jernigan.

Quilling, Selander, Lownds, Winslett & Moser, P.C., serves as
ALOC's bankruptcy counsel.  ALOC also won approval to hire Litzler,
Segner, Shaw & McKenney, LLP as accountant; Hi View Real Estate as
real estate broker; Skibell, Bohach & Archer, P.C. as special
counsel; Allie Beth Allman and Associates, and Moreland Properties
as real estate broker; and Foreman & Kessler, Ltd., as special
counsel.

                           *     *     *

The meeting of creditors under 11 U.S.C. Sec. 341 was commenced and
concluded on June 11, 2015.

No official committee of unsecured creditors has yet been appointed
and no such committee is expected to be appointed.

The bar date for filing proofs of claim in the ALOC case passed on
Sept. 9, 2015.  The Court has not yet set a bar date in the
Ranchland case.



AMSCO STEEL: Debtors, UCC Agree on Plan, Avoidance Actions
----------------------------------------------------------
AMSCO Steel Company, L.L.C. and Pyndus Steel & Aluminum Co., Inc.,
sold substantially all assets in October to DFW Steel, and most of
the proceeds were paid to secured creditor Meridian Bank.  With
only [$44,000] in cash remaining in the estate, proceeds from the
prosecution of avoidance actions and other causes of action may
provide for a means of recovery for general unsecured creditors.
Rather than wait for their proposed liquidating plan to be
confirmed and have the plan trustee pursue the lawsuits, the
Debtors and the statutory committee of unsecured creditors have
agreed to grant standing to the Committee to start filing suits.

Pursuant to the stipulation approved by the Bankruptcy Court on
Feb. 26, 2016, the parties agreed that claims exists that rise well
past the relatively low bar of "colorable" and that these claims
include but are not limited to these causes of action:

   a. Surcharge rights under Section 506(c) of the Bankruptcy Code:
The Debtors' Estate possesses claims against Meridian under section
506(c) to recover from such lender, reasonable and necessary costs
and expenses incurred by the Debtors' Estate to preserve and
dispose of such lender's collateral to the benefit of such
lenders.

   b. Causes of action against the Debtors' affiliate, AMSCO Steel
Transportation Company: AMSCO Steel Transportation Company
("AMSCO Transportation") is a non-debtor affiliate of the Debtors.
In addition to potential Avoidance Actions against AMSCO
Transportation, the Debtors' Estate possesses claims for recovery
of money owed by AMSCO Transportation to the Debtors.  This
includes, but may not be limited to, a debt owed by AMSCO
Transportation to AMSCO in the amount that may exceed $1,000,000,
as reflected in AMSCO's Schedules.

   c. Causes of action against insiders: The Debtors' Estate
possesses various claims and causes of action for recovery of sums
from insiders of the Debtors.  In addition to potential Avoidance
Actions against insiders, other causes of action possessed by the
Debtors' Estate against insiders include:  (i) a claim for recovery
on a promissory note, dated Dec. 1, 2009, and executed in favor of
AMSCO by Courtney Sikes Moore, as Trustee for the Courtney E. Sikes
Irrevocable Trust, the balance of which note was
$593,331 as of the Petition Date according to AMSCO's amended
Schedule B; (ii) a claim for recovery on a promissory note, dated
Dec. 1, 2009, and executed in favor of AMSCO by John Clayton
Sikes, as Trustee for the John Clayton Sikes Irrevocable Trust, the
balance of which note was $593,331 as of the Petition Date
according to AMSCO's amended Schedule B; (iii) a claim for recovery
on a promissory note dated Dec. 1, 2009 and executed in favor of
AMSCO by Courtney Sikes Moore, the balance of which note was
$65,145 as of the Petition Date according to AMSCO's amended
Schedule B; and (iv) a claim for recovery on a promissory note,
dated Dec. 1, 2009, and executed in favor of AMSCO by John Clayton
Sikes, the balance of which note was $65,145 as of the Petition
Date according to AMSCO's amended Schedule B.  The Committee also
believes that Stephen Sikes guaranteed the debt owed by AMSCO
Transportation to the Debtors and, therefore, the Debtors' Estate
possesses additional potential claims against Stephen Sikes to
recover on such guaranty.  Moreover, claims against the SLS Family
Partnership for Fraudulent Conveyance in relation to rental
payments, as well as other causes of action, are still being
investigated, and will be transferred to the Committee pursuant to
the terms of the Consent Order.

   d. Claims Disputes.  Any and all legal or equitable right to
subordinate or disallow Claims, including, without limitation, any
prepetition Unsecured Claims, Priority Non-Tax Wage Claims and any
Administrative Claims.

   e. Avoidance Actions: The Debtors' Estate possesses various
Avoidance Actions against present or former creditors, officers,
directors, or insiders of the Debtors who received payments or
transfers of property from any of the Debtors at any time, and the
proceeds thereof.

The Debtors have determined not to bring these claims under any
circumstance.

Pursuant to the Stipulation and Consent Order, the Committee is
granted derivative standing to commence  prosecution of, or
continue to prosecute on behalf of the Debtors, the Estate and/or
all creditors, any and all causes of action, claims, counterclaims,
defenses and rights of offset or recoupment (including but not
limited to all Preserved/Vested Actions, Assigned Actions,
Avoidance Actions and Rights of Action) belonging to the Debtors,
the Committee, and/or the Estate, whether arising prior to or after
the Petition Date, in the Bankruptcy Court or in any court or other
tribunal.

Upon the Confirmation of the Plan and the occurrence of the
Effective Date, any and all causes of action, claims,
counterclaims, defenses and rights of offset or recoupment
(including but not limited to all Preserved/Vested Actions,
Assigned Actions, Avoidance Actions and Rights of Action) belonging
to the Debtors, the Committee and/or the Estate will be received by
and vested with the Plan Trustee, on behalf of and for the benefit
of the Post Confirmation Trust.  The Plan Trustee will be
substituted as Plaintiff for the Committee in any action that was
commenced by the Committee in the Bankruptcy Court or in any court
or other tribunal pending Confirmation of the Plan and the
occurrence of the Effective Date.

                       The $2-Mil. Sale

The Debtors have already sold most of their assets.  The Debtors
sold the business to DFW Steel, an unrelated third party, after the
Court-approved bidding process failed to generate any competing
bids.  The sale was approved by the Court Oct. 23, 2015, and
closing occurred Oct. 30.  As a result of the sale, $2,173,984 in
proceeds were paid to secured creditor Meridian Bank, leaving an
alleged deficiency of less than $60,000.  Marquette received
$268,246 in proceeds.  The remaining net proceeds of $43,478 were
deposited in the IOLTA trust account of Forshey & Prostok.

                       The Chapter 11 Plan

On Dec. 8, 2015, a liquidating plan was proposed by the Debtors and
the Official Committee of Unsecured Creditors.  The Plan
contemplates the appointment of a plan trustee who will liquidate
the remaining assets of the Debtors and pursue causes of action for
the benefit of unpaid creditors.

Outstanding claims include an estimated $67,000 owed for priority
non-tax wage claims and $6,280,000 owed to general unsecured
creditors.  The Disclosure Statement says that the projected
recovery for wage claims and unsecured claims are "unknown".

On the Effective Date, the Debtors will turn over to the Plan
Trustee all remaining cash in their possession, currently estimated
at $44,000, and the Plan Trustee will distribute the cash as
follows: (i) first, to the initial reserve of $1,000 for incidental
costs of the Trust; (ii) second, to holders of allowed
administrative claims, (iii) third, to satisfy holders of allowed
claims.

Upon the effective date of the Plan, all avoidance actions and
rights of action will be vested with the Plan Trustee.  The total
amount of transfers made by the Debtors that may constitute as
avoidable preferential transfers is $1.5 million.  The Debtors and
the Committee at this time are unable to estimate or project the
net recoveries that may be obtained by the Plan Trustee through the
prosecution of avoidance actions.

A copy of the Disclosure Statement is available for free at:

         http://bankrupt.com/misc/Amsco_Steel_168_DS.pdf

                   About AMSCO Steel Company, LLC

Before ceasing operations, AMSCO Steel Company, LLC, and Pyndus
Steel & Aluminum Co., Inc., were suppliers and processors of steel
products for a wide variety of customers throughout the United
States and Mexico.  AMSCO was formed in 1952 and was located in
Fort Worth, Texas.  AMSCO and Pyndus ceased operations on Oct. 30,
2015 and terminated all employees.

AMSCO Steel and Pyndus Steel & Aluminum Co., Inc., sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Tex. Lead Case No. 15-43239) on Aug. 10, 2015.  The cases are
assigned to Judge Russell F. Nelms.

In September 2015, the Debtor filed its schedules, disclosing
$3,758,449 in assets and $8,663,523 in debt.

The Debtors won approval to hire

(a) Forshey & Prostok, LLP, in Forth Worth, Texas, as counsel;

(b) SSG Advisors , LLC and Chiron Financial Group as investment
bankers;

(c) Bourland, Wall & Wenzel, P.C., as special litigation counsel
for the Debtors; and

(d) Mark M. Jones & Associates, P.C., as outside accountants.

The Creditors Committee won approval to hire David Grant Crooks of
Fox Rotschild LLP, as counsel; and Calderone Advisory Group, LLC,
as financial advisor.

The 11 U.S.C. Sec. 341 meeting was held Oct. 9, 2015.  The deadline
for filing claims was Jan. 7, 2016.


ANTERO ENERGY: ERG Seeks Conversion of Case to Ch. 7 Liquidation
----------------------------------------------------------------
Energy Reserves Group LLC ("ERG") asks the U.S. Bankruptcy Court
for the Northern District of Texas, Dallas Division, to convert
Antero Energy Partners, LLC's Chapter 11 case to a case under
Chapter 7.

ERG cites the following reasons for asking the Court to convert the
Chapter 11 case to one under Chapter 7:

     (1) A substantial or continuing loss to or diminution of the
Estate; and

     (2) The absence of a reasonable likelihood of rehabilitation.

ERG contends that the Debtor is a holding company that has minimal
business operations, such operations have been transferred to AIX
Energy, Inc. which is a debtor in its own bankruptcy.  ERG further
contends that the only reorganization that the Debtor can do is to
conduct a total liquidation or obtain some infusion of cash from a
lender or investor.

ERG avers that due to the more than $10,000,000 deficiency between
Debtor's total asset value and its secured obligations to ERG,
there is no reasonable likelihood of rehabilitation and there is
cause to convert the case to Chapter 7.

                     $28-Mil. Valuation

In response, Antero Energy pointed out that ERG's own valuation
valued Antero's oil and gas interests at $28,000,000 as recently as
December 2015.  Antero avers it has substantial equity in those
assets and there is a reasonable likelihood of rehabilitation of
Antero.

                    Ch. 11 Trustee Pushed

William T. Neary, United States Trustee for Region 6, requests that
the Court either enter an order directing the appointment of a
chapter 11 trustee, or, in the alternative, grant ERG's Motion and
convert the case to a case under chapter 7.

Mr. Neary contends that numerous conflicts exist between the
related Debtors Antero Energy Partners, LLC and AIX Energy, Inc.,
which necessitates the appointment of a chapter 11 trustee.

Mr. Neary relates that, among other things, there are claims
running from Antero to AIX and from AIX to Antero, including
potential causes of action.  He further relates that Robert Imel,
as the principal of both entities, cannot pursue AIX's claims
against Antero, or vice versa, without potentially violating his
fiduciary duties to the other entity.  Mr. Neary notes that Antero
has not pursued the sale of its assets in conjunction with the sale
of the AIX asset, even though a sale of both Debtors' assets would
be likely to be more advantageous and bring more value to both
Debtors' estates.

Mr. Neary reasons that because the businesses of AIX and Antero are
so intertwined, he supports the appointment of a separate chapter
11 trustee in each of the Debtors' cases.  He avers that the
chapter 11 trustees would be able to continue to operate the
Debtors, accomplish a sale of the Debtors' assets, independently
investigate and pursue the intercompany claims as between AIX and
Antero, and investigate and pursue the validity of any claims that
may exist by either Debtor against Mr. Imel or Mr. Imel's
non-debtor entities.

LegacyTexas Bank avers that although cause exists to convert the
case to a case under Chapter 7, it agrees with the U.S. Trustee and
requests that the Court enter an order appointing a Chapter 11
Trustee.  LegacyTexas further avers that the appointment of a
Chapter 11 Trustee is in the best interest of the Debtor's
creditors and estate.  

LegacyTexas contends that strong conflicts and potential conflicts
of interest exist between Antero Energy Partners, LLC and AIX
Energy, Inc., and  the Debtors and certain of their insiders and
professionals.  It further contends that the numerous conflicts
require the appointment of a Chapter 11 trustee in order for the
trustee to conduct an independent examination of the Debtor's
assets, liabilities, potential causes of action, ability or
inability to sell assets, and the potential to confirm a plan of
reorganization.  LegacyTexas tells the Court that the appointment
of a Chapter 11 trustee would also preserve the value of the
Debtor's assets because it would prevent the Debtor and its assets
from being plunged into a forced liquidation scenario under Chapter
7.

                          *     *     *

Energy Reserves Group LLC is represented by:

          Leonard H. Simon
          PENDERGRAFT & SIMON, LLP
          2777 Allen Parkway, Suite 800
          Houston, TX 77019
          Telephone: (713)528-8555
          Facsimile: (713)868-1267
          E-mail: lsimon@pendergraftsimon.com
     
Antero Energy Partners, LLC is represented by:

          Frank L. Broyles, Esq.
          222 W. Las Colinas Blvd.
          1650 East Tower
          Irving, TX 75039
          Telephone: (972)401-4141
          E-mail: frank.broyles@utexas.edu

William T. Neary, the United States Trustee for Region 6, is
represented by:

          Meredyth A. Kippes, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          1100 Commerce Street, Room 976
          Dallas, TX 75242
          Telephone: (214)767-1079
          E-mail: meredyth.a.kippes@usdoj.gov

LegacyTexas Bank is represented by:

          Eli O. Columbus, Esq.
          Matthew T. Ferris, Esq.
          Lloyd A. Lim, Esq.
          WINSTEAD PC
          500 Winstead Building
          2728 N. Harwood Street
          Dallas, TX 75201
          Telephone: (214)745-5400
          Facsimile: (214)745-5390
          E-mail: ecolumbus@winstead.com
                  mferris@winstead.com
                  llim@winstead.com

Antero Energy Partners, LLC, filed a Chapter 11 petition (Bankr.
N.D. Tex. Case No. 16-30308) in Dallas on Jan. 25, 2016.  Judge
Stacey G. Jernigan is assigned to the case.  The Debtor tapped
Keith William Harvey, Esq., at The Harvey Law Firm, P.C., as
counsel.  The Debtor estimated $10 million to $50 million in assets
and debt.


ANTERO ENERGY: Files Adversary Proceeding Against ERG, Legacy
-------------------------------------------------------------
Antero Energy Partners, LLC filed before the U.S. Bankruptcy Court
for the Northern District of Texas, Dallas Division, an adversary
proceeding against its prepetition lender and an entity that backed
out of $28 million deal to purchase the Debtor's assets.

Prior to filing its Chapter 11 Case, Antero borrowed $24,290,000
from LegacyTexas Bank under two loans.  Antero later on became in
default on the loans.

Antero contends that in November 2015, it was advised by Legacy
that it had arranged for the sale of Antero's assets to a newly
formed entity known as Energy Reserves Group, LLC.  Antero further
contends that Legacy also advised it that Legacy was providing 100%
financing to ERG in order for ERG to acquire Antero's assets.

Antero relates that the agreed upon purchase price between it and
ERG was $28,000,000.  Antero further relates that as of December
31, 2015, the balance of the Legacy loans, with accrued interest,
was $24,923,000.  Antero avers that the sale to ERG would have paid
Antero more than $3,000,000 in excess of the Legacy loans.

Antero tells the Court that after its sole member, Robert Imel, had
actually signed the closing documents, it learned that there had
been secret negotiations and agreements between Legacy and ERG,
whereby ERG had allegedly purchased the Antero loan from Legacy for
$25 million in order to immediately foreclose on Antero's assets.
Antero further tells the Court that ERG began immediate collection
proceedings and that Antero filed its Chapter 11 case in order to
preserve its equity in its assets.  Antero contends that it files
its adversary proceeding to recover damages and equitable relief
for the unlawful conduct of ERG and Legacy.

Antero's Complaint assigns the following counts against ERG and
Legacy:

  * Count 1 - Declaratory Judgment
  * Count 2 - Equitable Subordination
  * Count 3 - Civil Conspiracy
  * Count 4 - Misappropriation of Trade Secrets in violation of the
Texas Uniform Trade Secrets Act.
  * Count 5A - Tortious Interference with Prospective Business
Relationship
  * Count 5B - Tortious Interference with Contract
  * Count 6 - Breach of Contract, asserted against Legacy only
  * Count 7 - Negligent Misrepresentation

Antero Energy Partners is represented by:

          Frank L. Broyles, Esq.
          222 W. Las Colinas Blvd.
          1650 East Tower
          Irving, TX 75039
          Telephone: (972)401-4141

Antero Energy Partners, LLC, filed a Chapter 11 petition (Bankr.
N.D. Tex. Case No. 16-30308) in Dallas on Jan. 25, 2016.  Judge
Stacey G. Jernigan is assigned to the case.  The Debtor tapped
Keith William Harvey, Esq., at The Harvey Law Firm, P.C., as
counsel.  The Debtor estimated $10 million to $50 million in assets
and debt.


AOXIN TIANLI: Sept. 19 NASDAQ Listing Compliance Deadline Set
-------------------------------------------------------------
Aoxin Tianli Group, Inc., a  producer of breeder hogs, market hogs
and black hogs, as well as specialty processed black hog pork
products sold through retail and the internet, on March 23
disclosed that it received a letter from NASDAQ (the "NASDAQ
Notice"), granting the Company an additional 180-day period, or
until September 19, 2016, to regain compliance with NASDAQ's
minimum $1.00 bid price per share rule (the "Bid Price Rule") for
continued listing on the NASDAQ Capital Market.

The NASDAQ Notice, dated March 22, 2016, granted the Company an
additional 180-day period, or until September 19, 2016, to regain
compliance with NASDAQ's minimum $1.00 bid price per share rule for
continued listing on the NASDAQ Capital Market.  To regain
compliance, the closing bid price of the Company's common shares
must be at or above $1.00 per share for a minimum of 10 consecutive
business days prior to September 19, 2016.

               About Aoxin Tianli Group, Inc.

Aoxin Tianli Group, Inc. (NASDAQ: ABAC), previously known as Tianli
Agritech, Inc., is in the business of breeding, raising and selling
breeder and market hogs in China.  The Company also sells specialty
processed black hog pork products through supermarkets and other
retail outlets, as well as the internet.  The Company also owns an
88% equity interest in Hubei Hang-ao Servo-valve Manufacturing
Technology Co., Ltd. ("Hang-ao"), which the Company acquired in
July 2014 and currently is seeking to sell.


ASPECT SOFTWARE: Disclosure Statement Hearing Set for April 25
--------------------------------------------------------------
A hearing will held before the Honorable Mary F. Walrath of the
U.S. Bankruptcy Court for the District of Delaware on April 25,
2016, at 2 p.m. prevailing Eastern Time, to consider the entry of
an order approving, among other things, the Disclosure Statement
explaining Aspect Software Parent, Inc., et al.'s Joint Chapter 11
Plan of Reorganization.

The Debtors' Plan proposes a 100% recovery to holders of Class 6 -
General Unsecured Claims.  The Debtors obtained an exit first lien
term loan in the principal amount of $447.2 million.

Certain Holders of First Lien Revolver Claims can elect to equitize
a specified portion of their claims and receive their pro rata
share of 100% of the equity in reorganized Aspect.  Holders of
First Lien Revolver Claims can opt to participate in the new, $30
million revolving credit facility and receive payment in full in
Cash of their Allowed First Lien Revolver Claim.

Aspect will launch a Rights Offering, pursuant to which Holders of
Second Lien Note Claims who are Eligible Offerees will receive
Rights to purchase HoldCo PIK Convertible Notes (i) in the amount
of $60 million (but which may be increased dollar-for-dollar by the
amount of any DIP Facility Claims, up to an additional $30 million)
and (ii) which will be automatically and mandatorily converted into
25% of the New Equity, subject to the occurrence of certain
conditions precedent and subject to dilution on account of New
Equity issued in connection with the Management Incentive Plan and
Backstop Put Amount.

The Debtors propose the following confirmation timeline:

   Voting Record Date       -- April 26, 2016

   Solicitation Deadline    -- The date that is three business
                               days following entry of the order
                               approving the Disclosure Statement
                               (expected to be April 29, 2016)

   Publication Deadline     -- May 6, 2016

   Voting Deadline          -- May 31, 2016

   Plan Objection Deadline  -- May 27, 2016

   Plan Objection Response
      Deadline              -- June 3, 2016

   Deadline to File Voting
      Report                -- June 1, 2016

A full-text copy of the Disclosure Statement is available at
http://bankrupt.com/misc/ASPIds0324.pdf

The Debtors are represented by Domenic E. Pacitti, Esq., and
Michael W. Yurkewicz, Esq., at Klehr Harrison Harvey Branzburg LLP,
in Wilmington, Delaware; Morton Branzburg, Esq., at Klehr Harrison
Harvey Branzburg LLP, in Philadelphia, Pennsylvania; and Joshua A.
Sussberg, P.C., Esq., and Aparna Yenamandra, Esq., at Kirkland &
Ellis LLP, in New York; and James H.M. Sprayregen, P.C., Esq., and
William A. Guerrieri, Esq., at Kirkland & Ellis LLP, in Chicago,
Illinois.

                       About Aspect Software

Headquartered in Phoenix, Arizona, with 38 offices located in 19
countries, Aspect Software serves as a global provider of software
systems and equipment for contact centers that service the needs of
customers across various industries.  Aspect delivers solutions to
more than 2,200 Contact Centers in more than 70 countries, and its
products currently support approximately 1.5 million contact center
agent seats, managing over 100 million enterprise customer
interactions daily.

Aspect Software Parent, Inc., Aspect Software, Inc., VoiceObjects
Holdings Inc., Voxeo Plaza Ten, LLC and Davox International
Holdings, LLC filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Proposed Lead Case No. 16-10597) on March 9, 2016.  Robert Krakauer
signed the petitions as executive vice president and chief
financial officer.

The Debtors have hired Kirkland & Ellis LLP as general bankruptcy
counsel, Klehr Harrison Harvey Branzburg LLP as co-bankruptcy
counsel, Alix Partners, LLP as financial advisor, Jefferies LLC as
investment banker and Prime Clerk LLC as claims, notice, and
balloting agent.

The Troubled Company Reporter on March 21, 2016, reported that the
Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Aspect Software Parent, Inc.


ATLANTIC POWER: Moody's Assigns Ba3 Rating to 2023 Term Loan
------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to APLP Holdings
Limited Partnership's (APLP Holdings) new $700 million senior
secured term loan due 2023 and $210 million senior secured
revolving credit facility. The new term loan will refinance and
consolidate an existing term loan at Atlantic Power Limited
Partnership (APLP), which has a $473 million balance outstanding,
and about $187 million of convertible debt at the Atlantic Power
Corporation parent holding company. APLP is being consolidated into
APLP Holdings. “We also affirmed Atlantic Power Corporation's
(Atlantic Power) B1 corporate family rating (CFR).”The rating
outlook was revised to positive from stable based on the company's
improving credit metrics as a result of reductions in operating
costs, debt burden and dividend cuts.

Affirmations:

Issuer: Atlantic Power Corporation

-- Corporate Family Rating, Affirmed at B1

-- Probability of Default Rating, Affirmed at B1-PD

Raised:

Issuer: Atlantic Power Corporation

-- Speculative Grade Liquidity Rating, Raised to SGL-1 from SGL-2

Assignment:

-- Issuer: APLP Holdings Limited Partnership

-- Senior Secured Bank Credit Facility, Assigned at Ba3 (LGD3)

Outlook Actions:

Issuer: APLP Holdings Limited Partnership

-- Outlook, Assigned at Positive

Issuer: Atlantic Power Corporation

-- Outlook, Changed to Positive from Stable

RATINGS RATIONALE

Atlantic Power is a relatively small independent power producer
with about 1,500 MW of net generation capacity. The company
generates stable, contracted cash flows from 23 projects located
across the US and Canada. Most of the projects have been existence
for more than a decade and their aggregate contracted cash flow is
expected to decline somewhat over the next few years as the initial
terms of their power purchase agreements (PPAs) expire, with a more
substantial drop off starting in 2023. The company is highly
leveraged against its cash flows with CFO Pre-WC (cash flow from
operation pre-working capital) to debt projected to be around 9% in
2016 and rising to 11% in 2017 due to a combination of higher cash
flow and a lower debt balance. APLP Holding's new $700 million term
loan, which is rated one notch above the CFR at Ba3, benefits from
a security interest in most of the projects and a 50% cash flow
sweep that should pay off most of the term loan balance over the
next seven years.

Liquidity

Atlantic Power has good liquidity to meet the needs of its
operations and debt service obligations. The company is expected to
generate more than $100 million of annual cash flow, on average
over the next three years, available for the cash sweep under APLP
Holdings' term loan. Atlantic Power has access to a $210 million
revolving credit facility and intend to maintain a minimum
unrestricted cash balance of about $70 million. The revolving
credit facility, which has the same collateral and security as the
$700 million term loan, will expire in 2021. “We do not expect
cash draws on the revolving credit facility but about half of the
credit facility will be used to support letters of credit and a 6
month debt service reserve fund in favor of the $700 million term
loan. Atlantic Power does not have any major debt maturities until
2019, when about $117 million of convertible debt will be due at
the holding company.”

Rating Outlook

The positive outlook reflects the reliability and consistency of
the contracted cash flows from its portfolio of 23 power projects,
improving credit metrics, coupled with an expected declining debt
balance due to debt amortization at APLP Holdings as well as at
some of the projects.

What Could Change the Rating - Up

Upward rating pressure could result from a CFO pre-W/C to debt
ratio maintained at around the 10% or above range on a sustained
basis with the continuation of its credit-friendly financial
policy.

What Could Change the Rating - Down

Atlantic Power could be downgraded if cash flow deteriorates and
the CFO pre-W/C to debt ratio falls below 8% or the company finds
itself in a cash flow deficit position after paying its debt
service.

Atlantic Power Limited Partnership Holdings is an independent power
producer and a subsidiary of Atlantic Power Corporation,
headquartered in Boston, Massachusetts.


ATLANTIC POWER: S&P Affirms 'B+' Corporate Credit Rating
--------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B+' corporate
credit ratings on diversified power developer Atlantic Power Corp.
(APC) and affiliate Atlantic Power Limited Partnership (APLP).

S&P is revising its recovery rating on APLP's medium-term notes to
'2' from '1', indicating expectations for substantial (70% to 90%,
at the higher end of the range) recovery in a payment default.  In
addition, S&P is lowering its rating on the C$210 million 5.95%
medium-term notes due 2036 to 'BB-' from 'BB'.

APLP HoldCo will be the borrower of the proposed $700 million term
loan facility.  S&P has assigned its 'BB-' issue rating to the term
loan facility due 2023, and the proposed $210 million revolver
facility due 2021.  The company will use transaction proceeds to
refinance APLP's existing $474 million senior secured term loan
facility, to repay $176 million of convertible bonds at APC (series
March 2017s, June 2017s, December 2019s), for general corporate
purposes, and to pay fees and expenses.

On the term loan's issuance, about $868 million of rated debt will
be outstanding.  About $92 million of nonrecourse project-level
debt and $117 million of convertible unsecured subordinate
debentures will be unrated.  The company's capital structure also
has C$225 million of perpetual preferred stock.

The company has sold five non-APLP wind power assets along with
which about $250 million of nonrecourse project debt was also
transferred.  The company has also refocused its strategy on
maintaining and optimizing its generating assets instead of growing
its portfolio.  As a result of these changes, S&P' believes the
company is structured more as a corporate issuer than a developer
and now assess Atlantic Power under S&P's corporate rating
methodology.

"Our 'B+' corporate credit rating on APC reflects our assessment of
its business risk profile as fair and a financial risk profile as
highly leveraged," said Standard & Poor's credit analyst Aneesh
Prabhu.  S&P's business risk assessment reflects the company's
reliance on distributions from its underlying portfolio of power
generation projects, limited scale, its near-term focus on
operational improvements in its existing assets rather than growth
projects to increase cash flow, and a portfolio that is mostly
contracted in the medium term, but has recontracting risk emerging
from 2020.  The financial risk profile reflects high consolidated
debt per kilowatt and credit measures commensurate with an
assessment of a highly leveraged financial risk profile.

The stable outlook reflects S&P's expectation that the company will
use excess cash flow to sweep down debt and its consolidated debt
to EBITDA will decline to about 5.75x by year-end 2016.  S&P
expects debt to EBITDA levels to be below 5.5x on a sustained basis
by 2019.  These financial measures will support current ratings.

A deterioration in financials because of operating cost increases
in the short term, or an inability to recontract expiring PPAs over
the next year, could pressure financial measures.  S&P would lower
the ratings if consolidated debt to EBITDA deteriorates above 6.5x
with no expectation of an immediate decline.

A ratings upgrade will result if cash flow sweeps result in
adjusted FFO to debt improving above 12% on a sustained basis, or
if consolidated debt to EBITDA declines below 5.25x.  S&P could see
this happen by year-end 2017 if cash flow sweeps occur as expected
in S&P's base-case.  However, S&P also sees temporarily lower
financial measures in 2018 as a contract expires and it views APC's
ability to improve its financials sustainably as the driver of a
rating upgrade.


AXION INTERNATIONAL: Deadline to Remove Suits Extended to May 30
----------------------------------------------------------------
U.S. Bankruptcy Judge Christopher Sontchi has given Axion
International Inc. until May 30, 2016, to file notices of removal
of lawsuits involving the company and its affiliates.

                     About Axion International

Axion International, Inc., et al., manufacture, market and sell
structural products and building materials, with an emphasis on
railroad ties and construction mats. As of Dec. 2, 2015, Axion had
70 employees.

Axion International Holdings, Inc., is a publicly-traded company
(AXIH), organized under Colorado law, with executive offices
located in Zanesville, Ohio.  As of the Petition Date, Holdings had
54,121,611 shares of common stock, par value $0.016 per share,
traded on the OTCC Bulletin Board.

Axion International, Inc., Axion International Holdings, Inc. and
Axion Recycled Plastics Incorporated filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Lead Case No. 15-12415) on Dec. 2, 2015.

The petitions were signed by Donald W. Fallon, the CFO and
treasurer.  Judge Christopher S. Sontchi has been assigned to the
cases.

The Debtors estimated both assets and liabilities in the range of
$10 million to $50 million.  

The Debtors tapped Bayard, P.A., as counsel.  Greenberg Traurig LLP
serves as special counsel.  Epiq Bankruptcy Solutions, LLC serves
as the Debtors' claims and noticing agent.

The Official Committee of Unsecured Creditors is represented by
Eric J. Monzo, Esq., at Morris James LLP and Sandra E. Mayerson,
Esq., at the Law Offices of Sandra Mayerson.

Community Bank is represented by Christopher P. Simon, Esq., and
Kevin S. Mann, Esq., at Cross & Simon, LLC.


AXION INTERNATIONAL: Morris James Okayed as Committee Counsel
-------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Axion International, Inc., et al., sought and obtained
permission from the U.S. Bankruptcy Court for the District of
Delaware to retain Morris James LLP as its counsel nunc pro tunc to
Dec. 14, 2015.

Morris James will, among other things:

   a. provide legal advice and assistance to the Committee in its
consultations with the Debtors relative to the Debtors'
administration of its reorganization;

   b. review and analyze all applications, motions, orders,
statements of operations and schedules filed with the Court by the
Debtors or third parties, advise the Committee as to their
propriety, and, after consultation with the Committee, take
appropriate action; and

   c. prepare necessary applications, motions, answers, orders,
reports and other legal papers on behalf of the Committee;

Morris James will be paid on an hourly basis, plus reimbursement of
actual, necessary expenses and other charges incurred in relation
to the services.

The principal attorneys and paralegals expected to represent the
Committee are:

         Individual Position                     Hourly Rate
         -------------------                     -----------
         Brett D. Fallon, partner                   $640
         Eric J. Monzo, partner                     $450
         William W. Weller, paralegal               $235

To the best of the Committee's knowledge, Morris James is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code.

The firm may be reached at:

         Brett D. Fallon, Esq.
         Eric J. Monzo, Esq.
         MORRIS JAMES
         500 Delaware Avenue, Suite 1500
         PO Box 2306
         Wilmington, DE 19899-2306
         Tel: 302.888.6800
         Fax: 302.571.1750
         Email: bfallon@morrisjames.com
                emonzo@morrisjames.com

                          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: Sandra Mayerson Okayed as Panel's Counsel
--------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Axion International, Inc., et al. sought and obtained
authority from the U.S. Bankruptcy Court for the District of
Delaware for permission to retain the Law Offices of Sandra
Mayerson as counsel, nunc pro tunc to Dec. 14, 2015.

The firm will, among other things:

   a. provide legal advice with respect to rights and duties of the
Committee in the cases;

   b. analyze all information and pleadings filed by the Debtors,
developing strategy for the Committee based thereon, and
negotiating with the Debtors and third parties for the purpose of
preserving the rights of and maximizing the return to unsecured
creditors; and

   c. assist the Committee with preparation of all applications,
motions, answers, orders, reports, and other legal papers necessary
in order to effectively preserve the rights of the various
creditors.

The firm intends to charge the Committee for its services as
counsel based on its regular hourly rates, which are currently as:

         Partners                           $500
         Associates and Counsel          $200 – 300

The principal attorneys assigned to represent the Committee and
their standard hourly rates for 2015 are:

         Sandra E. Mayerson                 $500
         Allan Schnall                      $250

To the best of the Committe's knowledge, the firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

The firm can be reached at:

         Sandra E. Mayerson, Esq.
         LAW OFFICES OF SANDRA MAYERSON
         136 E. 64th Street, Suite 11E
         New York, NY 10065
         Tel: (917) 446-6884
         Fax: (212) 750-1906
         E-mail: sandy@sandymayersonlaw.com

                          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.


BASIC ENERGY: S&P Lowers CCR to 'CCC+'; Outlook Negative
--------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Fort Worth-based Basic Energy Services Inc. to 'CCC+'
from 'B-'.  The outlook is negative.

At the same time, S&P lowered its issue-level ratings on the
company's senior unsecured notes to 'CCC+' from 'B-'.  S&P revised
the recovery rating on the unsecured notes to '4', indicating
meaningful (lower half of the 30%-50% range) recovery in the event
of a payment default, from '3'.  S&P also assigned its 'B'
issue-level rating and '1' recovery rating to the company's new
$165 million secured term loan, indicating very high (90%-100%)
recovery in the event of a payment default.

"The downgrade reflects our expectation for a more prolonged and
severe downturn in the U.S. oilfield services industry than
previously expected as a result of a protracted fall in oil
prices," said Standard & Poor's credit analyst Christine Besset.

Activity in the U.S. oil and natural gas exploration and production
industry has sharply deteriorated throughout 2015, and continuing
into 2016, because many U.S. E&P companies halted or slowed their
drilling activity in response to low oil prices. Consequently,
Basic's revenues declined 46% year over year in 2015.  S&P
estimates FFO will be negative and debt/EBITDA will remain in
excess of 15x for 2016 and 2017.  Additionally, S&P estimates that
EBITDA will be insufficient to meet interest expense and capital
spending needs.

The negative outlook reflects S&P's expectation that Basic's
liquidity position will likely deteriorate in the coming year given
S&P's weak outlook for commodity prices and drilling activity
onshore North America.

S&P could revise the rating outlook to stable if market conditions
in the onshore North American oil and gas industry improved such
that S&P expects Basic to generate enough cash flow to cover
interests and maintenance capital spending on an ongoing basis, and
stabilize its liquidity position.



BLUBERI GAMING: Court Grants Petition to Recognize Canadian Case
----------------------------------------------------------------
A U.S. bankruptcy court granted the petitions of Bluberi Gaming
Technologies Inc. to recognize the insolvency proceeding of the
company and its affiliates in Canada.  

The company filed Chapter 15 petitions in the U.S. Bankruptcy Court
for the Northern District of Illinois in order to get the Canadian
proceeding to be recognized as a foreign main proceeding.

If a foreign proceeding is recognized as a foreign main proceeding,
the automatic stay under Section 362 of the Bankruptcy Code
automatically applies to stay actions against assets of a debtor
located in the United States.

The Chapter petitions had earlier drawn objection from AGS LLC.
The company expressed concern the petitions would prevent it from
retrieving Bluberi's source code for a gaming software from the
escrow agent.  

AGS also asked for protections in connection with any plan to
assume or reject its agreements with Bluberi.

Bluberi defended the petitions, saying neither of the issues raised
by AGS bears upon the request for recognition of the Canadian
proceeding.

According to the company, if AGS wants to retrieve the source code,
it must obtain a court order lifting the automatic stay or
declaring the source code is not property of the company's estate.

                       About Bluberi Gaming

Headquartered in Drummondville, Quebec, Canada, Bluberi Gaming
Technologies Inc., Bluberi Group Inc. and Bluberi USA, Inc., are
engaged in the development, sale and deployment of electronic
gaming machines to various casinos in the United States, the
Caribbean, Latin America, and North America.

Bluberi Gaming, et al., filed Chapter 15 bankruptcy petitions
(Bankr. N.D. Ill. Case Nos. 16-05364, 16-05366 and 16-05367,
respectively) on Feb. 18, 2016, to seek U.S. recognition of their
insolvency proceeding currently pending in Canada.  Judge Timothy
A. Barnes has been assigned the Chapter 15 cases.

Denton US LLP represents Bluberi in the Chapter 15 cases.


BRAFFITS CREEK: UST Opposes Case Closing Until Fees Paid
--------------------------------------------------------
Tracy Hope Davis, the United States Trustee for Region 17, filed
with the United States Bankruptcy Court for the District of Nevada,
an objection to the motion filed by Cohen Braffits Estates
Development, LLC ("CBED"), for the closure of debtor Braffits Creek
Estates, LLC's Chapter 11 case.

The U.S. Trustee also filed a Motion asking the Court to issue an
order converting the Chapter 11 case to Chapter 7 or to dismiss the
case.

The U.S. Trustee contends that the Motion should be denied because
CBED has failed to pay all U.S. Trustee fees owed and file all
required operating reports as set forth in the Notice of Failure to
Comply with Court Order.  The U.S. Trustee contends that CBED owes
at least $1,943.77 in past due fees.

The U.S. Trustee requests that a final decree not be entered in the
case until such time that CBED cures its deficiencies.

                  U.S. Trustee Bid for Conversion

The U.S. Trustee relates that it had previously filed a Motion to
convert the Debtor's bankruptcy case to chapter 7.  The Motion to
Convert cited the Plan Proponent CBED's failure to pay U.S. Trustee
Fees, failure to pay fees owed to Debtor's counsel, failure to
establish and fund a liquidation trust in conformity with the
Confirmation Order, and failure to comply with material provisions
of the Plan.

The Court entered a Conditional Order of Conversion or Dismissal
which provided that "during the pendency of this case the Plan
Proponent will timely pay all U.S. Trustee fees required under 28
U.S.C. Section 1930(a)(6)."  The Order further provides that
failure on the part of CBED to timely pay U.S. Trustee fees and
failure to cure such failure within 15 days of delivery of notice
to CBED by the Office of the United States Trustee, will
conclusively establish cause to convert or dismiss the case.  The
Order authorizes the U.S.  Trustee to file an ex parte motion and
lodge an order with the Court to convert or dismiss the case, and
the case will be converted without further notice or hearing.

The U.S. Trustee tells the Court that it had given CBED Notice of
its failure to pay an estimated $1,943.77 in past-due U.S. Trustee
fees.  The U.S. Trustee further tells the Court that cause to
convert the case is established under the plain language of the
Court's Order.  The U.S. Trustee avers that conversion is a
preferable remedy to dismissal because dismissal may result in a
loss of rights conferred by statute on the U.S. Trustee.  The U.S.
Trustee further avers that if for any reason, the Court elects not
to enter an order converting the case to Chapter 7, she requests
that the Court enter an order dismissing the case.

                     Taubman Backs Conversion

Eric Taubman relates that he is an interested party as he believes
that he has ownership rights in CBED.  Mr. Taubman believes that
the Court should deny CBED's Motion and grant the U.S. Trustee's
request to convert the case to Chapter 7.

Mr. Taubman relates that in addition to the U.S. Trustee's fees not
being paid, there is a tax problem with Iron County that has yet to
be fully honored by Zohar Cohen.  He further relates that he was
advised by a Ms. Rosenberg that if taxes in the amount of $260,000
will not be paid, steps will be taken to begin a tax lien sale.

Mr. Taubman tells the Court that Mr. Cohen's failure to pay his tax
to Iron County will lead to a tax sale which will jeopardize his
ownership interests.  He further tells the Court that failure to
pay taxes, like the failure to pay the U.S. Trustee fees, should
give the Court sufficient reason to order the liquidation of the
property.

The hearing on Cohen Braffits Estates Development, LLC's Motion on
March 15, 2016, was continued to March 29, 2016 at 9:30 a.m.

                           *     *     *

Tracy Hope Davis, the United States Trustee for Region 17, is
represented by:

          Brian E. Goldberg, Esq.
          Athanasios E. Agelakopoulos, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          300 Las Vegas Boulevard, So., Suite 4300
          Las Vegas, NV 89101
          Telephone: (702)388-6600
          Facsimile: (702)388-6658
          E-mail: brian.goldberg@usdoj.gov
                 athanasios.agelakopoulos@usdoj.gov

                   About Braffits Creek Estates

Braffits Creek Estates LLC filed for Chapter 11 protection (Bankr.
D. Nev. Case No. 12-19780) on Aug. 23, 2012. Bankruptcy Judge
Bruce
A. Markell presides over the case. David J. Winterton, & Assoc.,
Ltd., represents the Debtor in its restructuring effort.  The
Debtor disclosed $25,003,800 in assets and $33,959,140 in
liabilities as of the Chapter 11 filing.

Bankruptcy Judge Laurel E. Davis confirmed Plan of Reorganization
for Braffits Creek Estates, LLC, as amended, modified or
supplemented, filed by secured creditor Cohen Braffits Estates
Development, LLC.

Cohen Braffits filed a bankruptcy-exit plan and disclosure
statement for the Debtor. Matthew L. Johnson, Esq., at Johnson &
Gubler, P.C., in Las Vegas, Nevada, related that Cohen's plan
provides for two classes of priority claims, one class of
secured claims, one class of unsecured claims, and one class of
equity security holders. Under the plan, Cohen will take
ownership of 100% of the equity of reorganized Braffits.


CCNG ENERGY: Hires Waller Lansden as Bankruptcy Counsel
-------------------------------------------------------
CCNG Energy Partners, L.P., et al., seek authorization from the
U.S. Bankruptcy Court for the Western District of Texas to employ
Waller Lansden Dortch & Davis, LLP as counsel to the Debtors, nunc
pro tunc to February 1, 2016.

Since the commencement of these cases, the Debtors have employed
Taube Summers Harrison Taylor Meinzer Brown LLP as their counsel.
Effective February 1, 2016, Taube Summers merged into Waller
Lansden  and the attorneys employed by Taube Summers at the time of
the merger are now employed by Waller.

The Debtors and Waller have agreed that Waller will represent the
Debtors on the same terms (and at the same rates) upon which Taube
Summers was retained to represent the Debtors.

As reported by the Troubled Company Reporter on Oct. 14, 2015,
Taube Summers' hourly rates of attorneys range from $235 to $560.
Paralegal hourly rates range from $85 to $165.

The Debtors said Waller Lansden received a retainer of $250,000 on
September 3, 2015. The balance of the retainer as of the Petition
Date was $225,568.13. The retainer was then further drawn down to
$113,133.80.

                         About CCNG Energy

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

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

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

The Debtors were initially represented by Taube Summers Harrison
Taylor Meinzer Brown LLP.  After the firm's merger with Waller
Lansden Dortch & Davis, LLP, the Debtors have hired Waller Lansden
as counsel.

Judge Ronald B. King is assigned to the case.

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

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


CENTRAL BEEF: Seeks Joint Administration of Cases
-------------------------------------------------
Central Beef Ind., LLC, 5C of Central Florida, LLLP and CBI
Management/Administration, LLC asked the Bankruptcy Court to
jointly administer their Chapter 11 cases.  The Debtors request
that all pleadings in their Chapter 11 cases be filed and
maintained under Central Beef Ind., LLC case number 8:16-bk-02366.

The Debtors said that joint administration will:

   (a) expedite the administration of their Chapter 11 cases
       and save them considerable time and expense, as well
       as conserve judicial and Court resources in
       scheduling and maintaining the separate pleadings;

   (b) avoid unnecessary and expensive duplication of efforts
       caused by serving multiple sets of differently captioned
       but otherwise identical pleadings during their Chapter 11
       cases; and

   (c) avoid or reduce expenses associated with two separate
       Section 341(a) meetings of creditors and may permit the
       Debtors' management to appear at one joint meeting of
       creditors.

Susan Heath Sharp, Esq., at Stichter, Riedel, Blain & Postler, P.A,
counsel for the Debtors said: "The Debtors' respective creditors
will not be adversely affected by the joint administration of the
Debtors' Chapter 11 cases, since joint administration of these
cases is for procedural purposes only and will not effect a
substantive consolidation of the Debtors' estates."

                        About Central Beef
  
Central Beef Ind., LLC, 5C of Central Florida, LLLP and CBI
Management/Administration, LLC, engaged in the business of
purchasing cattle and beef production, each filed a Chapter 11
bankruptcy petition (Bankr. M.D. Fla. Case Nos. 16-02366, 16-02368
and 16-02370, respectively) on March 21, 2016.  Ida Raye Chernin
signed the petitions as manager.  The Debtors estimated both assets
and liabilities in the range of $10 million to $50 million.
Stichter, Riedel, Blain & Poster, P.A., represents the Debtors as
counsel.  Judge Catherine Peek McEwen has been assigned the cases.


CHINA CERAMICS: Has Until Sept. 19 to Regain Listing Compliance
---------------------------------------------------------------
China Ceramics Co., Ltd., a Chinese manufacturer of ceramic tiles
used for exterior siding and for interior flooring and design in
residential and commercial buildings, on March 23 disclosed that
its transfer application to list the Company's securities on The
NASDAQ Capital Market has been approved, and that the Company's
securities are currently being traded on The NASDAQ Capital Market,
under the same trading symbol "CCCL".  The NASDAQ Capital Market is
a continuous trading market that operates in substantially the same
manner as The NASDAQ Global Market.  All companies whose securities
are listed on The NASDAQ Capital Market must meet certain financial
requirements and adhere to NASDAQ's corporate governance
standards.

In connection with the listing transfer to the NASDAQ Capital
Market, the Company was granted an additional 180 days, or until
September 19, 2016 (the "Compliance Date"), to regain compliance
with the minimum bid price rule by maintaining a minimum closing
bid price of at least $1.00 for ten consecutive business days.  In
connection with the transfer application and securing of the
additional 180-day period to regain compliance, the Company's
undertook to cure the deficiency during such additional compliance
period by effecting a reverse stock split, if necessary.

At its upcoming meeting of its stockholders, the Company intends to
recommend for consideration and vote of its shareholders, among
other things, a proposal to authorize a charter amendment to effect
a reverse stock split of the Company's issued and outstanding
common shares that may be implemented by the Company's Board at its
discretion at any time prior to the Compliance Date to cure the
minimum bid price deficiency, if necessary.  If this proposal is
approved by the Company's shareholders, the Board could approve and
implement a reverse stock split that could allow the closing bid
price of the Company's common shares on NASDAQ to be at least $1.00
per share for at least 10 consecutive business days prior to the
Compliance Date, which would allow the Company to maintain the
listing of its common shares on the NASDAQ Capital Market.  If at
any time before the Compliance Date, the closing bid price of the
Company's common shares is at least $1.00 per share for the
requisite period, the Company will regain compliance and the
effecting of a reverse stock split may not be necessary. If the
Company cannot demonstrate compliance by the Compliance Date or the
Company does not comply with the terms of the extension granted by
NASDAQ, the Company's common shares may then be subject to
delisting.

                About China Ceramics Co., Ltd.

China Ceramics Co., Ltd. (NASDAQ: CCCL) --
http://www.cceramics.com/-- is a manufacturer of ceramic tiles in
China.  The Company's ceramic tiles are used for exterior siding,
interior flooring, and design in residential and commercial
buildings. China Ceramics' products, sold under the "Hengda" or
"HD", "Hengdeli" or "HDL", the "TOERTO" and "WULIQIAO" brands, and
the "Pottery Capital of Tang Dynasty" brands, are available in over
2,000 style, color and size combinations and are distributed
through a network of exclusive distributors as well as directly to
large property developers.


COLORADO TIRE: Hires CBG Law as Counsel
---------------------------------------
Colorado Tire Corporation seeks authorization from the U.S.
Bankruptcy Court for the Western District of Washington to employ
CBG Law Group, PLLC as counsel to the Debtor.

The Debtor requires CBG Law to:

   (a) give legal advice with respect to the powers and duties as
       debtor-in-possession in the continued operation of the
       business and management of the debtor and of the property
       of the debtor.

   (b) represent the debtor in all adversary proceedings
       commenced in the Bankruptcy Court unless counsel with
       specific training is required in said proceeding at such
       time CBG LAW GROUP, PLLC will seek to have special counsel
       appointed.

   (c) prepare all necessary applications, answers, orders,
       motions, reports, and other legal papers.

   (d) perform all other legal services which may be necessary
       herein.

CBG Law will be paid at these hourly rates:

   Attorneys:

     Darrel B. Carter          $320
     Other Attorneys           DOE

   Legal Assistants:

     Legal Assistants          $85-$125
     Other Office Staff        $60

CBG Law can be reached at:

     Darrel B. Carter, Esq.
     CBG Law Group, PLLC
     Plaza East Building, Suite 380
     11100 NE 8th Street
     Bellevue, WA 98004
     Tel: (425) 283-0432
     Fax: (425) 283-5560
     E-mail: Darrel@cbglaw.com

To the best of the Debtor's knowledge, Darrel B. Carter and the
firm of CBG Law Group, PLLC, have no connection with the creditors,
or with other parties in interest, or their respective attorneys.

                      About Colorado Tire

Colorado Tire Corporation ("CTC") is one of three companies in the
world that successfully designed, developed and delivered the 63"
and 57" super-giant OTR tires to mining companies before 2007.
Since then, Colorado Tire has been a global leader in
performance-guaranteed OTR tires and is committed to great service
in addition to high-quality OTR tires of all sizes.

Colorado Tire offers full range OTR tires from 16" up to 63", in
addition to other types of rubber tires, and is dedicated to
continuously improving Colorado OTR tire's onsite performance
worldwide.

Colorado Tire filed Chapter 11 bankruptcy petition (Bankr. W.D.
Wash. Lead Case No. 16-11345) on March 15, 2016. The petition was
signed by Joan Lee, president of Debtor.

The Debtor has estimated assets of $50 million to $100 million and
estimated debts of $1 million to $10 million. The case has been
assigned to Judge Christopher M Alston.


CONSTELLIS HOLDINGS: Moody's Affirms B3 Corporate Family Rating
---------------------------------------------------------------
Moody's Investors Service has changed the rating outlook of
Constellis Holdings, LLC (Constellis) to negative from stable and
concurrently affirmed all ratings, including the Corporate Family
Rating of B3.

The rating outlook change to negative reflects the weaker operating
results that is contributing to higher leverage and lower liquidity
than expected following Constellis' recapitalization and leveraged
acquisition of Olive Group International (Olive) in May 2015.

Outlook Actions:

Issuer: Constellis Holdings, LLC

-- Outlook, Changed To Negative From Stable

Affirmations:

Issuer: Constellis Holdings, LLC

-- Probability of Default Rating, Affirmed B3-PD

-- Corporate Family Rating, Affirmed B3

-- Senior Secured Regular Bond/Debenture (Local Currency) May 15,

    2020, Affirmed B3 (LGD4)

RATINGS RATIONALE

Constellis reported cash plus unused revolver capacity of only
about $42 million at the end of December, which implies very low
free cash flow over the second half of 2015, following the
acquisition of Olive. Revenues, pro forma for the full year impact
of acquired businesses, slightly contracted in 2015, working
capital efficiency was weak, and high capital spending was required
pursuant to a specific contract. Although Constellis has near-term
scheduled debt maturities of less than $1 million, a bond coupon
payment of $22 million is required in both May and November.

The CFR of B3 has nonetheless been affirmed because the company is
aggressively responding to its sluggish 2015 results with cost
reductions and a new management team that has revised Constellis'
marketing practices. Further, the company reported improved working
capital efficiency in January and February. Continued traction of
these business initiatives near-term and the minimal level of
capital spending scheduled for the year should permit better free
cash flow and higher liquidity.

Additionally, in February Constellis was named as a one of several
awardees on the Worldwide Protective Services 2 contract with the
US Department of State. While the contract may be protested, task
orders under the vehicle could ultimately help Constellis maintain
its solid position as a provider of protective services to the US
Department of State. About a third of Constellis' annual revenues
stem from work under the predecessor vehicle.

The B3 CFR reflects high debt-to-EBITDA leverage (estimated at
around 6.5x as of December 31, 2015 incorporating Moody's standard
adjustments) with contract concentration, integration risk, and a
still challenging landscape for defense service contractors despite
an improved federal budget outlook. Visibility into potential
future cash flows is limited due to acquisitions and restructuring
activity. Given federal procurement reforms, competitive intensity
between defense service contractors will likely remain high, but
the need for security services in the Middle East and North Africa
remains firm with regional instability.

Stabilization of the rating outlook would depend on expectation of
around $80 million in total liquidity by year-end 2016, at least
flat revenue growth, and reported EBITDA margin of 9% or higher in
2016.

The rating would likely be downgraded without improvement in
liquidity by mid-2016 as the company plans to achieve, backlog
erosion, or continuation of special charges. In light of
Constellis' high business combination activity over 2014-2015, new
acquisitions before achievement of better cash based performance
would be viewed negatively.

An upgrade is not currently anticipated, but would require revenue
growth, expectation for lower revolver utilization and a stronger
liquidity position, FFO/debt greater than 10% and debt to EBITDA
below 5x.

Constellis is a global provider of training and security services
focused on counter terrorism, force protection, law enforcement and
security operations. From 2011 to October 2014 the company's name
was Academi Holdings, LLC. Before its 2010 ownership change, the
company's main subsidiary was Xe Services, which was formally known
as Blackwater Worldwide. Since then there have been three
significant acquisitions. Pro forma for the acquisition of Olive
Group Holdings Ltd. and including full year revenues from other in
period acquisitions, revenues in 2015 estimated to be $1 billion.
The company's financial sponsors are Forte Capital Advisors, LLC
and Manhattan Strategic Ventures, LLC.


CORNERSTONE HOMES: ESB Wants $26K Monthly Payments From Trustee
---------------------------------------------------------------
Elmira Savings Bank submitted to the U.S. Bankruptcy Court for the
Western District of New York, a document saying that it refuses to
allow the trustee of Cornerstone Homes Inc. to use cash collateral
in which ESB has an interest until the Trustee pays ESB $25,560 per
month on the 15th day of each month, until all postpetition arrears
are cured in full.

ESB contends that it is the holder of a secured claim which is
presently due in the principal sum of $1,974,180.02 together with
accrued interest as of February 29, 2015 in the sum of $125,766.46,
late fees of $9,208.20, plus ESB's reasonable attorneys' fees
flowing from the Trustee's unsuccessful to date attacks on the
extent, validity, and priority of ESB liens on property of the
estate. It further contends that the ESB claim against and mortgage
on estate property is in payment default because the Trustee
unilaterally elected to intentionally default on the stipulated
payments of $15,347.05 per month starting in March 2015 and
continuing to date.  ESB notes that starting with the March 2015
payment the Trustee paid ESB $3,390.10 per month, and either
escrowed or applied to taxes on the ESB collateral an additional
sum. It further notes that the post-petition payment arrears total
$143,483.40.

ESB asserts that the estate can and should pay $25,560 per month
until the Trustee's post-petition payment arrears are cured and
$15,347.05 per month thereafter. It further asserts that according
to its analysis, the estate's interest will not be impaired in the
least under any interpretation of the law and facts if the Trustee
pays ESB $17,405 per month until all post petition arrears are
cured.

ESB tells the Court that the Trustee's ostensible reason for high
handedly interfering with ESB's agreed, contractual payment was to
cure taxes.  It further tells the Court that ESB's collateral has
provided funds to cure the tax arrears of concern to the Trustee as
to the ESB collateral.  It alleges that there is no justifiable
reason to transfer anything further from ESB's collateral until all
post-petition mortgage payment arrears due ESB are cured in full.
ESB adds that there is likewise no reason to pay ESB less than
$15,347.05, and no reason whatsoever for the Trustee to neglect
timely payment of real estate taxes on ESB collateral as they fall
due.

The Cash Collateral Motion is scheduled for hearing on May 18, 2016
at 10:00 a.m.

Elmira Savings Bank is represented by:

          David D. MacKnight, Esq.
          LACY KATZEN LLP
          130 East Main Street
          PO Box 22878
          Telephone: (585)454-5650
          Facsimile: (585)270-2179

                      About Cornerstone Homes

Cornerstone Homes Inc. is based in Corning, New York and is
engaged
in the business of buying, selling and leasing single family homes
in the State of New York, with such properties primarily located
in
the South Central and South Western portions of the State.

Cornerstone Homes Inc. filed a Chapter 11 petition (Bankr.
W.D.N.Y.
Case No. 13-21103) on July 15, 2013, in Rochester alongside a
reorganization plan already accepted by 96 percent of unsecured
creditors' claims.

The Debtor disclosed assets of $18.6 million and liabilities of
$36.2 million.  Four secured lenders with $21.8 million in claims
are to be paid in full under the plan.  Unsecured creditors --
chiefly noteholders with $14.5 million in claims -- will have a 7
percent recovery.

Judge Paul R. Warren presides over the case.  Curtiss Alan
Johnson,
Esq., and David L. Rasmussen, Esq., at Davidson Fink, LLP, in
Rochester, N.Y., serve as the Debtor's counsel.  The Debtor has
tapped GAR Associates to appraise a selection of its properties to
support the Debtor's liquidation analysis.

The Official Committee of Unsecured Creditors is represented by
Gregory J. Mascitti, Esq., at LeClairRyan PC.  The Committee
retained Getzler Henrich & Associates LLC as financial advisor.

Cornerstone Homes Inc. delivered to the Bankruptcy Court a First
Amended Plan of Reorganization and explanatory Disclosure
Statement
on Jan. 3, 2014.  The Amended Plan supersedes the Plan Cornerstone
prepared prior to filing for bankruptcy.  The Debtor intends to
liquidate properties over a period of time, so as to achieve
maximum recovery for the creditors while avoiding a deleterious
effect on the housing market.  The Plan provides for a
distribution
of $1 million as an Unsecured Distribution Amount.  
Owner David Fleet will pledge up to $1 million to fund
distributions under the Plan.  It also provides for the
distribution of the stock in the Reorganized Debtor to holders of
Allowed Unsecured Noteholder Claims under Class 5.  The Class 5
Claimants are expected to receive 7% plus distribution of stock on
the Distribution Date.  The Claimants are impaired and entitled to
vote on the Plan.

No hearing was slated to consider the Amended Plan documents.
Instead, the Court accepted the request of the Committee to
appoint
a Chapter 11 trustee to replace management.  The Court approved
the
appointment of Michael H. Arnold, Esq., as Chapter 11 trustee.  He
is represented by his law firm, Place and Arnold as his counsel.

Michael H. Arnold, Chapter 11 trustee, is represented by the firm
of Place and Arnold.  LeClairRyan and Barclay Damon LLP serve as
his special counsel.


CORNERSTONE HOMES: First Citizens Sued for Ponzi Scheme
-------------------------------------------------------
Michael H. Arnold, Chapter 11 Trustee of Cornerstone Homes, Inc.
filed an adversary proceeding against First Citizens National Bank
before the U.S. Bankruptcy Court for the Western District of New
York for its involvement in the Ponzi scheme conducted by
Cornerstone Homes, Inc., and its principal.

In the complaint, the Trustee asks the Court, among others, to:

     (a) avoid and preserve several transfers made between the
Debtor and First Citizens;

     (b) direct that such transfers be set aside;

     (c) recover the transfers or their value from First Citizens;
and

     (d) disallow any claim that First Citizens may have against
the Debtor until such time as the transfers are recovered or
repaid.

The Trustee claims that David L. Fleet of operated the Debtor as a
massive Ponzi scheme in loving millions of dollars and hundreds of
mostly elderly, unsophisticated individual investor victims who
shared the same religious beliefs espoused by Fleet.  Mr. Arnold
alleges that First Citizens enabled Fleet to perpetuate and expand
the Ponzi scheme by providing millions of dollars in financing to
Debtor, which enabled Debtor to portray itself as a profitable,
successful, and legitimate business.  He further alleges that First
Citizens did so knowing or recklessly ignoring that Debtor was at
all times insolvent and could only stay afloat by soliciting and
obtaining additional investments from the individual "private
investors."

The Trustee contends that Fleet solicited millions in investments
from "private investors," with the promise that the investments
were safe, paid above-market returns, and would be used to purchase
and improve real property.  He further contends that the promised
rate of return on those initial investments was 12% per annum,
payable on a monthly basis amortized over a 10-year term.  Mr.
Arnold relates that during the early stages of the scheme, those
initial "private investors" each received a mortgage on a specific
parcel of real estate.

Mr. Arnold avers that though Fleet painted a rosy picture of his
ability to identify undervalued properties, purchase and renovate
them cheaply, and then sell them at a profit to high-credit-risk,
low-income individuals pursuant to installment sale land contracts,
the reality was that the costs of doing so, combined with the
default rate on the land contract sales, made Debtor's business
unsustainable and made it impossible to repay the "private
investors" on their 12% investments.  Mr. Arnold further avers that
Debtor solicited new "private investors" to invest additional funds
in Debtor through additional investments, including Debtor's "no
waiting list" offerings.  He notes that the "no waiting list"
offerings were unsecured investments, where "private investors"
would receive returns of either 10% per annum, with monthly
principal and interest payments amortized over 15 years, or 8% per
annum, with quarterly interest only payments. He further notes that
these "no waiting list" offerings allowed the  Debtor to purchase
and improve some real property assets, fund negative cash
shortfalls from operations, and, most importantly, enabled the
Debtor to continue making payments on existing obligations to
"private investors."

Mr. Arnold tells the Court that since Debtor's business was not
generating sufficient cash flow, the only way for Debtor to
continue to satisfy its obligations to the growing pool of "private
investors" was to solicit new investments from additional
individual investors.  He further tells the Court that the Debtor
began to transition the secured "private investors" to unsecured
investments.  Mr. Arnold avers that the Debtor did so by obtaining
bank loans from certain financial institutions, including First
Citizens.

Mr. Arnold relates that notwithstanding the fact that the Debtor's
audited financial statements and tax returns disclosed that the
Debtor was losing money as a result of its actual business
operations and was only staying afloat through its "financing"
activity, soliciting the new investments, First Citizens loaned
Debtor millions of dollars to "refinance" the previously secured
"private investors."  He further relates that the Debtor used
portions of the unsecured loans made by the "private investors" to
purchase and improve certain real property assets and then used
those unencumbered assets as collateral for new secured loans from
First Citizens.

Mr. Arnold relates that by 2010, when the Ponzi scheme collapsed,
Debtor had in excess of $15 million of "private investor" loans –
none of which were secured by any real property.  He further
relates that at the time, the Debtor still had approximately $3
million of cash resulting from unsecured "private investor" loans.
  Mr. Arnold asserts that rather than return that cash to the
unsecured "private investors," Mr. Fleet used the $3 million to pay
off the remaining pool of secured "private investors," thereby
removing their liens from certain additional real property assets.
  Mr. Arnold further avers that over the next several years, Fleet
used the cash generated by these newly unencumbered real property
assets to fund Debtor's ongoing cash shortfalls, including debt
service payments to First Citizens and the costs and expenses
related to the preservation and maintenance of First Citizens'
collateral – while the remaining "private investors," who were
now all unsecured, received virtually nothing.

Michael H. Arnold, Chapter 11 Trustee of Cornerstone Homes, is
represented by:

          Gregory J. Mascitti, Esq.
          Richard A. McGuirk, Esq.
          Christina L. Shifton, Esq.
          LECLAIRRYAN, APC
          70 Linden Oaks, Suite 210
          Rochester, NY 14625
          Telephone: (585)270-2100
          Facsimile: (585)270-2179
          E-mail: Gregory.mascitti@leclairryan.com
                  Richard.mcguirk@leclairryan.com
                  Christina.shifton@leclairryan.com

                     About Cornerstone Homes

Cornerstone Homes Inc. is based in Corning, New York and is
engaged
in the business of buying, selling and leasing single family homes
in the State of New York, with such properties primarily located
in
the South Central and South Western portions of the State.

Cornerstone Homes Inc. filed a Chapter 11 petition (Bankr.
W.D.N.Y.
Case No. 13-21103) on July 15, 2013, in Rochester alongside a
reorganization plan already accepted by 96 percent of unsecured
creditors' claims.

The Debtor disclosed assets of $18.6 million and liabilities of
$36.2 million.  Four secured lenders with $21.8 million in claims
are to be paid in full under the plan.  Unsecured creditors --
chiefly noteholders with $14.5 million in claims -- will have a 7
percent recovery.

Judge Paul R. Warren presides over the case.  Curtiss Alan
Johnson,
Esq., and David L. Rasmussen, Esq., at Davidson Fink, LLP, in
Rochester, N.Y., serve as the Debtor's counsel.  The Debtor has
tapped GAR Associates to appraise a selection of its properties to
support the Debtor's liquidation analysis.

The Official Committee of Unsecured Creditors is represented by
Gregory J. Mascitti, Esq., at LeClairRyan PC.  The Committee
retained Getzler Henrich & Associates LLC as financial advisor.

Cornerstone Homes Inc. delivered to the Bankruptcy Court a First
Amended Plan of Reorganization and explanatory Disclosure
Statement
on Jan. 3, 2014.  The Amended Plan supersedes the Plan Cornerstone
prepared prior to filing for bankruptcy.  The Debtor intends to
liquidate properties over a period of time, so as to achieve
maximum recovery for the creditors while avoiding a deleterious
effect on the housing market.  The Plan provides for a
distribution
of $1 million as an Unsecured Distribution Amount.  
Owner David Fleet will pledge up to $1 million to fund
distributions under the Plan.  It also provides for the
distribution of the stock in the Reorganized Debtor to holders of
Allowed Unsecured Noteholder Claims under Class 5.  The Class 5
Claimants are expected to receive 7% plus distribution of stock on
the Distribution Date.  The Claimants are impaired and entitled to
vote on the Plan.

No hearing was slated to consider the Amended Plan documents.
Instead, the Court accepted the request of the Committee to
appoint
a Chapter 11 trustee to replace management.  The Court approved
the
appointment of Michael H. Arnold, Esq., as Chapter 11 trustee.  He
is represented by his law firm, Place and Arnold as his counsel.

Michael H. Arnold, Chapter 11 trustee, is represented by the firm
of Place and Arnold.  LeClairRyan and Barclay Damon LLP serve as
his special counsel.


CROSSFIRE MANUFACTURING: Voluntary Chapter 11 Case Summary
----------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

   Debtor                                           Case No.
   ------                                           --------
   Crossfire Manufacturing, LLC                     16-50070
      f/d/b/a Holland & Associates, LLC
   P.O. Box 1326
   Idalou, Tx 79329

   Clifford B. Holland and Kathryn K. Holland       16-50071
   P.O. Box 1326
   Idalou, TX 79329

Chapter 11 Petition Date: March 28, 2016

Court: United States Bankruptcy Court
       Northern District of Texas (Lubbock)

Debtors' Counsel: David R. Langston, Esq.
                  MULLIN, HOARD & BROWN, L.L.P.
                  P.O. Box 2585
                  Lubbock, TX 79408-2585
                  Tel: 806-765-7491
                  E-mail: drl@mhba.com

                     - and -

                  Brad W. Odell, Esq.
                  MULLIN, HOARD & BROWN, L.L.P.
                  P.O. Box 2585
                  Lubbock, Tx 79408
                  Tel: 806-765-7491
                  E-mail: bodell@mhba.com

                                         Estimated   Estimated
                                          Assets    Liabilities
                                        ----------  -----------
Crossfire Manufacturing                 $500K-$1MM   $1MM-$10MM

Clifford B. Holland and                 $1MM-$10MM   $1MM-$10MM
Kathryn K. Holland
  
The petition was signed by Clifford B. Holland, manager.

The Debtors did not include a list of their largest unsecured
creditors when they filed the petitions.


DENVER PARENT: Moody's Cuts Probability of Default Rating to D-PD
-----------------------------------------------------------------
Moody's Investors Service downgraded Denver Parent Corporation's
(DPC) Probability of Default Rating (PDR) to D-PD from Ca-PD
following the company's announcement that it had filed voluntary,
pre-arranged petitions for relief under Chapter 11 of the United
States Bankruptcy Code in the U.S. Bankruptcy Court for the
District of Delaware on March 18, 2016. Venoco, Inc. (Venoco), the
principal operating subsidiary of Denver Parent Corporation, is
also included in the Chapter 11 filing. Moody's will withdraw all
ratings for DPC and Venoco in the near future.

Downgrades:

Issuer: Denver Parent Corporation

  Probability of Default Rating, Downgraded to D-PD from Ca-PD

Affirmations:

Issuer: Denver Parent Corporation

-- Corporate Family Rating, at Ca

-- Speculative Grade Liquidity Rating, at SGL-4

-- Senior Unsecured Pay-In-Kind notes due 2018, at C (LGD 5)

-- Outlook, Negative

Issuer: Venoco, Inc.

-- Senior Unsecured Notes due 2019, at Ca (LGD 4)

-- Outlook, Negative

RATINGS RATIONALE

A bankruptcy filing by Denver Parent Corporation has resulted in
its PDR being changed to D-PD. DPC's other ratings were affirmed
since the previously assigned Ca CFR already incorporated Moody's
view of the potential recoveries for each security. Shortly
following this rating action, Moody's will withdraw DPC's and
Venoco's ratings (refer to Moody's rating withdrawal policy on
moodys.com).

Denver Parent Corporation/Venoco, Inc. is an independent E&P
company headquartered in Denver, Colorado.



DESERT LAND: Gonzales's Suit to Proceed to Jury Trial
-----------------------------------------------------
These consolidated cases arises out of the alleged breach of a
settlement agreement that was part of a confirmation plan in a
Chapter 11 bankruptcy action.

In an Order dated March 4, 2016, which is available at
http://is.gd/xKnk1Ifrom Leagle.com, Judge Robert C. Jones of the
United States District Court for the District of Nevada determined
that Case No. 2:13-cv-931 will be tried to the Court and Case No.
2:15-cv-915 will simultaneously be tried to a jury.

Case No. 2:13-cv-931 is the Lead Case and the second action in this
Court by Plaintiff Tom Gonzales concerning his entitlement to a fee
under a Confirmation Order the undersigned entered years ago while
sitting as a bankruptcy judge.

In Case No. 2:15-cv-915, the Plaintiff sued the Desert Entities,
Skyvue Las Vegas, LLC, Howard Bulloch, and David Gaffin variously
in this Court for breach of contract, breach of the covenant of
good faith and fair dealing, and conspiracy, making a timely jury
demand in the Complaint.

The cases are TOM GONZALES, Plaintiff, v. , LLC et al., Defendants,
Nos. 2:13-cv-00931-RCJ-VPC (D. Nev.), and TOM GONZALES, Plaintiff,
v. DESERT LAND, LLC et al., Defendants, 2:15-cv-00915-RCJ-VPC (D.
Nev.).

Tom Gonzales, Plaintiff, is represented by Mark D Wray, Esq. --
info@markwraylaw.com -- Law Offices of Mark Wray.

Shotgun Creek Las Vegas, LLC, Defendant, is represented by Lenard
E. Schwartzer, Esq. -- Schwartzer & McPherson Law Firm.

Shotgun Creek Investments, LLC, Defendant, is represented by Lenard
E. Schwartzer, Schwartzer & McPherson Law Firm.

Shotgun Nevada Investments, LLC, Defendant, is represented by
Lenard E. Schwartzer, Schwartzer & McPherson Law Firm.

Wayne Perry, Defendant, is represented by Lenard E. Schwartzer,
Schwartzer & McPherson Law Firm.

Desert Land, LLC, Consol Defendant, is represented by Jeanette E.
McPherson, Schwartzer & McPherson Law Firm & Lenard E. Schwartzer,
Schwartzer & McPherson Law Firm.

SkyVue Las Vegas, LLC, Consol Defendant, is represented by Jeanette
E. McPherson, Schwartzer & McPherson Law Firm & Lenard E.
Schwartzer, Schwartzer & McPherson Law Firm.

Desert Oasis Apartments, LLC, Consol Defendant, is represented by
Jeanette E. McPherson, Esq. -- Schwartzer & McPherson Law Firm &
Lenard E. Schwartzer, Schwartzer & McPherson Law Firm.

David Gaffin, Consol Defendant, is represented by Jeanette E.
McPherson, Schwartzer & McPherson Law Firm & Lenard E. Schwartzer,
Schwartzer & McPherson Law Firm.

Howard Bulloch, Consol Defendant, is represented by Jeanette E.
McPherson, Schwartzer & McPherson Law Firm & Lenard E. Schwartzer,
Schwartzer & McPherson Law Firm.

Desert Oasis Investments, LLC, Consol Defendant, is represented by
Jeanette E. McPherson, Schwartzer & McPherson Law Firm & Lenard E.
Schwartzer, Schwartzer & McPherson Law Firm.


DF SERVICING: Hires Pietrantoni Mendez as Tax Counsel
-----------------------------------------------------
DF Servicing, LLC seeks authorization from the U.S. Bankruptcy
Court for the District of Puerto Rico to employ Pietrantoni Mendez
& Alvarez, LLC as special counsel to the Debtors.

DF Servicing had engaged the services of Pietrantoni Mendez as its
counsel regarding tax and corporate matters, including issues with
various municipalities of the Commonwealth of Puerto Rico.

DF Servicing has agreed to pay $300 per hour for work to be
performed by the firm's Edgar Rios-Mendez, and $220 per hour for
work to be performed by Dianette M. Rivera Melendez.

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

Edgar Rios-Mendez and Dianette M. Rivera Melendez, both attorneys
of Pietrantoni Mendez & Alvarez, 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.
  
Pietrantoni Mendez can be reached at:

     Edgar Rios-Mendez, Esq.
     Dianette M. Rivera Melendez, Esq.
     PIETRANTONI MENDEZ & ALVAREZ, LLC
     Popular Center, 19th Floor
     208 Ponce de Leon Avenue
     San Juan, PR 00918
     Tel: (787) 773-6012
     Fax: (787) 274-1470
     E-mail: ERios@pmalaw.com
             drivera@pmalaw.com

                      About DF Servicing

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

Charles A Cuprill, PSC Law Office, serves as counsel to the
Debtors, CPA Luis R. Carrasquillo & Co, P.S.C. as financial
consultant, AFS CPA Group, LLC, serves as auditor, and Salichs Pou
& Associates, PSC, as special counsel.


DORAL FINANCIAL: April 7 Hearing on Bid to Extend Exclusivity
-------------------------------------------------------------
Doral Financial is asking the U.S. Bankruptcy Court to extend the
exclusive period during which the Company can file a Chapter 11
plan and solicit acceptances thereof through and including June 22,
2016 and September 20, 2016, respectively.

According to BankruptcyData, Doral explains that, "To date, Doral
Properties has achieved a number of important tasks in this
bankruptcy case, including: (a) obtaining relief from the Court
pursuant to various first-day motions to facilitate transition into
chapter 11; (b) securing consensual use of cash collateral from the
Debtors' secured creditor, UMB Bank, N.A. (the 'Trustee'); (c)
filing its schedules of assets and liabilities and statement of
financial affairs; (d) establishing a claims bar date; and (e)
selling substantially all of its assets . . . While Doral
Properties has made substantial progress in this case, Doral
Properties requires additional time to complete negotiations on a
chapter 11 plan that will best maximize value for creditors."

The Court scheduled an April 7, 2016 hearing on the motion.

                     About Doral Financial

Doral Financial Corporation is a holding company whose primary
operating asset was equity in Doral Bank.  DFC maintains offices
in
New York City, Coral Gables, Florida and San Juan, Puerto Rico.
DFC has three wholly-owned subsidiaries: (i) Doral Properties,
Inc., (ii) Doral Insurance Agency, LLC ("Doral Insurance"), and
(iii) Doral Recovery, Inc.

On Feb. 27, 2015, regulators placed Doral Bank into receivership
and named the Federal Deposit Insurance Corp. as receiver.  Doral
Bank served customers through 26 branches located in New York,
Florida, and Puerto Rico.

DFC sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
15-10573) in Manhattan on March 11, 2015.   DFC estimated $50
million to $100 million in assets and $100 million to $500 million
in debt as of the bankruptcy filing.  

On Nov. 25, 2015, Doral Properties filed a voluntary petition (Case
No. 15-13160).  Doral Properties Inc. disclosed total assets of
P23,149,434 and total liabilities of 37,335,000.

On Dec. 4, 2015, the Court directed the joint administration of the
Debtors' chapter 11 cases under Case No. 15-10573, for procedural
purposes.  Both cases are assigned to Judge Shelley C. Chapman.

The Debtors are represented by Ropes & Gray LLP as counsel.  Garden
City Group, LLC serves as the Debtors' claims agent.  Carol Flaton
at Zolfo Cooper Management serves as chief restructuring officer.

The U.S. trustee overseeing the Chapter 11 case of Doral Financial
appointed five creditors of the company to serve on the official
committee of unsecured creditors.  The Committee is represented by
Brian D. Pfeiffer, Esq., and Taejin Kim, Esq., at Schulte Roth &
Zabel LLP.  The panel tapped Fiddler, Gonzalez, Rodriguez, P.S.C.
as special Puerto Rico counsel; McConnell Valdes LLC as special
Puerto Rico tax counsel; Capstone Advisory Group, LLC, together
with its wholly-owned subsidiary Capstone Valuation Services, LLC,
as financial advisor; and Prime Clerk LLC as its information agent.


EAGLE INC: Bourke's Suit Remanded to La. State Court
----------------------------------------------------
Plaintiff Julius David Bourke filed a motion to remand the case
captioned JULIUS DAVID BOURKE, Plaintiff, v. EXXON MOBIL
CORPORATION, ET AL., SECTION: "E", Defendants, Civil Action No.
15-5347 (E.D. La.) to state court.  Defendants Exxon Mobil
Corporation and Georgia-Pacific, LLC, oppose the motion.

The Plaintiff argues he properly pleaded causes of action against
Taylor-Seidenbach, Inc., a non-diverse defendant, under Louisiana
law, such that complete diversity of citizenship does not exist
between the Plaintiff and all of the Defendants.  The Plaintiff
does not, however, address his claims against Eagle, Inc., or
whether Eagle is a properly joined defendant to the action.

In an Order dated March 4, 2016, which is available at
http://is.gd/WZoeeffrom Leagle.com, Judge Susie Morgan of the
United States District Court for the Eastern District of Louisiana
granted the motion to remand.

Julius David Bourke, Plaintiff, represented by J. Burton LeBlanc,
IV, Baron & Budd, P.C., Christopher C. Colley, Baron & Budd, P.C.,
David Ryan Cannella, Cannella Law Firm, LLC, Denyse Finn Clancy,
Baron & Budd, P.C. & Jeremiah S. Boling, Baron & Budd, P.C..

ExxonMobil Corporation, Defendant, is represented by David Mark
Bienvenu, Jr., Esq. -- David.Bienvenu@bblawla.com -- Bienvenu,
Bonnecaze, Foco, Viator & Holinga, APLLC, Anthony Joseph Lascaro,
Esq. -- Anthony.Lascaro@bblawla.com -- Bienvenu, Bonnecaze, Foco,
Viator & Holinga, APLLC, James McClendon Williams, Esq. --
Chehardy,Sherman,Ellis,Murray,Recile,Stakelum&Hayes, LLP, John
Allain Viator,Esq. -- John.Viator@bblawla.com -- Bienvenu,
Bonnecaze, Foco, Viator & Holinga, APLLC, Katie Dampier Chabert,
Esq. -- Katie.Chabert@bblawla.com -- Bienvenu, Bonnecaze, Foco,
Viator & Holinga, APLLC, Lexi T. Holinga, Esq. --
Lexi.Holinga@bblawla.com -- Bienvenu, Bonnecaze, Foco, Viator &
Holinga, APLLC & Tam Catherine Bourgeois, Esq. --
Tam.Bourgeois@@bblawla.com -- Bienvenu, Bonnecaze, Foco, Viator &
Holinga, APLLC.

Union Carbide Corporation, Defendant, represented by Deborah
DeRoche Kuchler, Esq. -- dkuchler@kuchlerpolk.com -- Kuchler Polk
Schell Weiner & Richeson, LLC, McGready Lewis Richeson, Esq. --
mricheson@kuchlerpolk.com -- Kuchler Polk Schell Weiner & Richeson,
LLC, Ernest G. Foundas, Esq. -- efoundas@kuchlerpolk.com -- Kuchler
Polk Schell Weiner & Richeson, LLC, Francis Xavier deBlanc, III,
Esq. -- fdeblanc@kuchlerpolk.com -- Kuchler Polk Schell Weiner &
Richeson, LLC, Melissa M. Desormeaux, Esq. --
mdesormeaux@kuchlerpolk.com -- Kuchler Polk Schell Weiner &
Richeson, LLC, Michael H. Abraham, Esq. -- mabraham@kuchlerpolk.com
-- Kuchler Polk Schell Weiner & Richeson, LLC, Milele N. St.
Julien, Esq. -- mstjulien@kuchlerpolk.com -- Kuchler Polk Schell
Weiner & Richeson, LLC & Perrey S. Lee, Esq. --
plee@kuchlerpolk.com -- Kuchler Polk Schell Weiner & Richeson,
LLC.

Georgia-Pacific LLC, Defendant, represented by Gary A. Bezet, Kean
Miller, Alexandra E. Rossi, Kean Miller, Allison N. Benoit, Kean
Miller, Anthony M. Williams, Kean Miller LLP, Barrye Panepinto
Miyagi, Kean Miller, Gayla M. Moncla, Kean Miller, Gregory M.
Anding, Kean Miller, Jay Morton Jalenak, Jr., Kean Miller, Robert
E. Dille, Kean Miller, Sarah W. Anderson, Kean Miller & Sean J
Whittington, Kean Miller.

Taylor-Seidenbach, Inc., Defendant, represented by Christopher
Kelly Lightfoot, Hailey, McNamara, Hall, Larmann & Papale, Anne
Elizabeth Medo, Deutsch Kerrigan LLP, Edward J. Lassus, Jr.,
Hailey, McNamara, Hall, Larmann & Papale & Richard J. Garvey, Jr.,
Hailey, McNamara, Hall, Larmann & Papale.

                          About Eagle Inc.

Founded in 1920, Eagle, Inc., sold gaskets and insulation-related
products, many of which contained asbestos. Eagle discontinued the
distribution and sale of asbestos-containing products in the late
1970s and ceased all operations in 2006 other than the management
of asbestos litigation and insurance rights.

Eagle Inc. filed for Chapter 11 bankruptcy protection (Bankr. E.D.
La. Case No. 15-12437) on Sept. 22, 2015, with a goal of
confirming
a plan of reorganization which implements a channeling injunction
and trust to resolve its liability for asbestos-related claims.
Judge Jerry A. Brown is assigned to the case.

The petition was signed by Raymond P. Tellini, the president.

The Debtor's schedules disclosed $1,517,044 in assets and
$1,220,112 in liabilities.  Full-text copies of the Schedules are
available at http://bankrupt.com/misc/EAGLEsal1006.pdf

The Debtor has engaged Young Conaway Stargatt & Taylor, LLP, as
counsel; Barrasso Usdin Kupperman Freeman & Sarver, LLC as local
counsel; and Epiq Bankruptcy Solutions as claims, noticing and
balloting agent.

The U.S. Trustee for Region 5 has appointed three members to the
Official Committee of Unsecured Creditors.


EAST AFRICAN DRILLING: ART Claims Superior Interest in Rig
----------------------------------------------------------
Assured Risk Transfer LLC and ART FM SPC filed an adversary case in
the U.S. Bankruptcy Court for the Southern District of Texas
against OEJP, LLC, seeking a declaratory judgment that they have a
first priority security interest in a LCI 2000HP Drilling Rig owned
by Debtor East African Drilling, Ltd. a/k/a East Africa Drilling
Ltd., which is superior to any interest claimed by OEJP.

Mike Seely, Esq., at Gardere Wynne Sewell LLP, counsel to the
Plaintiffs, said that on or about Aug. 14, 2015, the Debtor as
Borrower, African Drilling Holdings Limited, as Guarantor, Canyon
Drilling East Africa, Limited, as Sponsor, Assured Risk Transfer
LLC, as Administrative Agent, and Deutsche Bank Trust Company
Americas as Collateral Agent and Loan Paying Agent, entered into a
Credit Agreement arranged by ART.  Under the Credit Agreement, ART
FM committed to lending certain funds to Debtor.  The purpose of
the loan was so that the Debtor could purchase the Rig.  As of the
date of March 25, 2016, the outstanding amount owed to ART FM under
the Credit Agreement is approximately $44 million, which exceeds
the current value of the Rig, Mr. Seely maintained.

On Sept. 30, 2015, Gary Holley, Mike Heidt, Jeremy Counahan, Carl
(Eric) Dowden, Herb Catee, Art Regehr, Alejandro Banda, Gary
Campbell, Jason Crouch, Aaron Medina, and Nick Medina sued the
Debtor, Fred Zaziski, and Nigel Horner in the 215th Judicial
District Court in Harris County, Texas, Cause No. 2015-58376,
alleging that they were entitled to a constitutional lien as a
result of certain work that they had performed on the Rig.  They
asserted claims for, among other things, breach of contract, fraud,
exemplary damages, enforcement of constitutional lien,
sequestration, attachment, misrepresentation, quantum meruit/unjust
enrichment, monetary judgment.  Gary Holley, testified that the Rig
was not purchased by Debtor until August of 2015, and the work done
by him in 2014, was done at a time that the Rig was owned by a "Mr.
Dazure."

Separately in October 2015, 66 Oilfield Services, LLC and Oklahoma
Rig Fabricators LLC intervened in the Litigation and asserted
claims against the Debtor.

The District Court entered sanctions against the Debtor and
recognized a lien in favor of the Individuals, ORF, and 66
Oilfield.  The Judgment in is currently on appeal.

OEJP is the purported assignee of the rights of ORF and 66 Oilfield
Services, LLC under the Judgment.

"Regardless of the basis for such sanctions, it is indisputable
that any wrongdoing on behalf of Debtor cannot be used to infringe
on the first priority liens held by ART and ART FM.  For this
reason, ART and ART FM seek declaratory relief to protect their
superior interest in the Rig," Mr. Seely asserted.

The Plaintiffs ask the Bankruptcy Court to issue a declaratory
judgment finding that:

   (1) they have a first priority security interest in the
       Debtor's assets, including but not limited to the Rig;

   (2) OEJP holds no valid lien against the Rig;

   (3) OEJP holds no lien against the Rig, because neither the
       Individuals, 66 Oilfield, nor ORF are entitled to a
       constitutional lien in the Rig since the foregoing parties
       did not contract directly with the owner of the Rig at the
       time that they purportedly did the work for which they seek
       a constitutional lien;

   (4) OEJP holds no lien against the Rig to the extent that it
       claims a lien based on any lien claimed by 66 Oilfield,
       because 66 Oilfield did not provide goods or services to
       the Rig;

   (5) OEJP holds no lien against the Rig to the extent that it
       claims a lien based on any lien claimed by ORF, because ORF
       did not contract with the owner of the Rig to perform the
       work it purportedly performed;

   (6) Alternatively, to the extent that OEJP is entitled to any
       lien on the Rig, the amount of such lien is limited to
       amounts owed for labor done or material furnished, and
       there is no lien against the Rig for any attorneys' fees
       awarded in the Underlying Debtor Litigation; and

   (7) Alternatively, to the extent that OEJP is entitled to any
       lien on the Rig, such lien is subordinate to Plaintiffs'  
       lien in the Rig, because Plaintiffs had neither actual nor
       constructive notice of any constitutional lien at the time
       they made the loan to the Debtor for the purchase of the
       Rig.

Counsel for Assured Risk Transfer LLC and ART FM SPC:

    Holland Neff O'Neil, Esq.
    Michael S. Haynes, Esq.
    GARDERE WYNNE SEWELL LLP
    3000 Thanksgiving Tower
    1601 Elm Street
    Dallas, Texas 75201-4761
    Tel: (214) 999-4961
    Fax: (214) 999-4667
    E-mail: honeil@gardere.com

       - and -
  
    Mike Seely, Esq.
    GARDERE WYNNE SEWELL LLP
    1000 Louisiana Street, Suite 2000
    Houston, Texas 77005
    Tel: (713) 276-5500
    Fax: (713) 276-5555
    E-mail: mseely@gardere.com

                    About East African Drilling

East African Drilling LTD. filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Tex. Case No. 16-31447) on March 25, 2016.  The
petition was signed by Shane Reeves as restructuring officer.  The
Debtor disclosed total assets of $10 million and total debts of
$45.35 million.  James B. Jameson, Esq., represents the Debtor as
counsel.  Judge Karen K. Brown has been assigned the case.


EMERALD OIL: NYSE to Delist Common Stock Following Ch. 11 Filing
----------------------------------------------------------------
Emerald Oil, Inc. on March 25 disclosed that the Company received
notice from the NYSE MKT Exchange that the NYSE MKT has determined
to commence proceedings to delist the common stock of the Company
-- ticker symbol EOX -- from the NYSE MKT.  Trading in the
Company's common stock was suspended at the market opening on March
23, 2016.

NYSE MKT has indicated that it will begin delisting proceedings
pursuant to Section 1003(a)(iv) of the NYSE MKT Company Guide,
citing the Company's March 23, 2016 announcement of its voluntary
Chapter 11 petitions in the U.S. Bankruptcy Court for the District
of Delaware.

The Company has a right to a review of the NYSE MKT's
determination.  The NYSE MKT will apply to the Securities and
Exchange Commission to delist the common stock upon completion of
all applicable procedures, including any appeal by the Company of
the decision.  The Company does not intend to appeal the
determination and, therefore, it is expected the Company's common
stock will be delisted.

As a result of the delisting notice, the Company's common stock is
currently trading on the OTC Pink Sheets marketplace under the
symbol EOXLQ.  The Company can provide no assurance that its common
stock will continue to trade on this market, whether broker-dealers
will continue to agree to provide public quotes of the Company's
common stock on this market, whether the trading volume of the
Company's common stock will be sufficient to provide for an
efficient trading market or whether quotes for the Company's common
stock will continue on this market in the future.

                        About Emerald Oil

Emerald is a Denver-based independent exploration and production
company that is focused on acquiring acreage and developing wells
in the Williston Basin of North Dakota.

Emerald Oil, Inc., Emerald DB, LLC, Emerald NWB, LLC, Emerald WB
LLC and EOX Marketing, LLC filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10704 to 16-10708) on March
22, 2016.  Ryan Smith signed the petitions as chief financial
officer.

The Debtors have hired Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Pachulski Stang
Ziehl & Jones LLP as local counsel, Intrepid Financial Partners,
LLC as investment banker, Opportune LLP as restructuring advisor
and Donlin Recano & Company, Inc., as claims and noticing agent.

Judge Kevin Gross has been assigned the cases.


EMMIS COMMUNICATIONS: S&P Lowers CCR to 'B-', Outlook Negative
--------------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its
corporate credit rating on Indianapolis-based radio broadcasting
company Emmis Communications Corp. to 'B-' from 'B'.  The rating
outlook is negative.

At the same time, S&P lowered its issue-level rating on the
company's $205 million senior secured credit facility to 'B' from
'B+'.  The recovery rating remains '2', indicating S&P's
expectation for substantial recovery (70%-90%; upper half of the
range) of principal in the event of a payment default.

"The downgrades reflect our expectation that Emmis' margin of
compliance with its financial covenant will narrow over the next 12
months, given the upcoming covenant step-downs and Emmis' weak
operating performance, primarily in its key Los Angeles market,
which will continue to pressure EBITDA," said Standard & Poor's
credit analyst Heidi Zhang.  Emmis' loss of radio personality "Big
Boy" in mid-2015 to a new direct competitor station (iHeart Radio's
KRRL) negatively affected its Los Angeles station's recent
performance, and S&P expects revenue at the station to continue to
decline through the fiscal year ending Feb. 28, 2017.  In addition,
S&P expects Emmis to have minimal room for underperformance at the
current rating level, given S&P's expectation for minimal cash flow
in fiscal 2017 after accounting for debt amortization payments
(including those of its nonrecourse notes) that step up that year.
However, the company had a cash balance of about $4 million as Nov.
30, 2015.  It also had $14 million available for borrowing under
its revolver, which S&P expects it will have access to until the
final covenant step-down in May 31, 2017.

"The 'B-' corporate credit rating on Emmis reflects our assessment
of the company's business risk profile as weak, which considers its
small scale; the concentration of revenue from its stations in New
York and Los Angeles, where Emmis competes with much larger players
such as iHeartCommunications Inc. and Cumulus Media Inc. for
listeners and advertising revenue; and its exposure to long-term
structural declines in radio.  Emmis operates 23 stations across
six different markets, but it depends on the New York and Los
Angeles markets for about 55% of its radio broadcast cash flow.  In
addition to the cyclicality of advertising demand, we believe radio
spot revenue is subject to long-term declines due to advertising
and audience fragmentation to alternative audio entertainment.
Emmis also generates about 25% of its revenue from its lower-margin
print business, which is also under secular pressure, and it lowers
Emmis' overall EBITDA margin, compared with those of its pure-play
radio peers.

"The negative rating outlook reflects our view that Emmis' margin
of compliance with its covenants will narrow over next 12 months,
given upcoming covenant step-downs, and its liquidity could worsen
if the company underperforms our expectations," said Ms. Zhang.

S&P could downgrade Emmis to the 'CCC' rating category in six
months if the company does not secure an amendment or substantially
reduce its leverage such that the probability of a near-term
covenant violation increases due to the large step-down in the
quarter ending May 2017.

S&P could revise the outlook to stable if the company amends its
financial maintenance covenant such that S&P believes it can
sustain a margin of compliance of at least 10% over the next 12-18
months and be able to generate positive cash flow after mandatory
debt repayments and potential increased interest costs from an
amendment.


ENERGY & EXPLORATION: Judge Approves Settlement with New Gulf
-------------------------------------------------------------
Tom Corrigan, writing for Dow Jones' Daily Bankruptcy Review,
reported that bankruptcy judges in Texas and Delaware on March 29
signed off on a key settlement between Energy & Exploration
Partners Inc. and New Gulf Resources LLC, ending a legal battle
that has dogged the two companies.

New Gulf and ENXP, which are parties to two joint operating
agreements, agreed that the JOAs will be assumed by New Gulf and
ENXP in their chapter 11 cases.  ENXP agreed to release and agreed
not to sue Enbridge in relation to the claims underlying the
Midstream Litigation.  ENXP will also release a lis pendens filed
against the midstream assets, which New Gulf sold to Enbridge in
February 2015.  In exchange, the settlement
contemplates that Enbridge would instruct the escrow agent to
release to New Gulf approximately $6 million held in a
pre-bankruptcy escrow to secure New Gulf's indemnification
obligations to Enbridge in respect of the Midstream Litigation.

New Gulf agrees to pay ENXP, from the funds released from escrow,
an amount equal to $3 million, less a reserve that will be held by
New Gulf to fund ENXP's share of the cost of certain specified
lease elections that ENXP may make under the JOAs.  New Gulf agrees
to waive its secured claim in ENXP's cases of approximately $3.086
million, for ENXP's unpaid share of drilling costs.

New Gulf and ENXP will exchange broad, mutual releases.  ENXP's
proofs of claim against New Gulf will be released, withdrawn with
prejudice and expunged from New Gulf's claims register.  New Gulf's
proof of claim against ENXP will be released, withdrawn with
prejudice and expunged from ENXP's claims register.

The parties will jointly cause the dismissal with prejudice of the
Midstream Litigation and the Texas State Court Actions. New Gulf
and ENXP also agree to not object to each other's chapter 11 plans,
pursue other pending contested matters, and to stay a pending
declaratory action filed by ENXP in New Gulf's chapter 11 case to
determine the relative priority of ENXP's lien under the JOAs.
ENXP and New Gulf further agree not to seek to prime the other's
lien under the JOAs in their respective chapter 11 cases.

According to the DBR report, following a March 29 hearing, Judge
Russell Nelms of the U.S. Bankruptcy Court in Fort Worth, Texas.
Judge Brendan Shannon, who is overseeing New Gulf's chapter 11
case, approved the settlement on March 28, the report said.

New Gulf's counsel, Justin P. Duda, Esq., at Young Conaway Stargatt
& Taylor, LLP, in Wilmington, Delaware, filed a certification of
counsel stating that on March 29, 2016, the Delaware Court held a
hearing on the Settlement Motion and stated on the record that it
would approve the Settlement Agreement, pending the New Gulf
Debtors' submission of a form of order following the March 29, 2016
hearing to approve the Settlement
Agreement in the ENXP Debtors' Chapter 11 cases in Texas.

Halcon Resources Corporation, on behalf of itself, Halcon Energy
Properties, Inc. (f/k/a RWG Energy, Inc.), and Halcon Operating
Co., Inc., objected to the settlement, complaining that although it
was likely not intentional, the ENXP Debtors ask that the Court
enter a proposed 9019 settlement order that could be interpreted to
negatively impact the claim filed in these cases by Halcon, an
entity not involved in any of the settlement discussions or even
aware of the extent of the disputes between ENXP and New Gulf until
the emergency filing of the Settlement Motion.  Halcon was
previously a party to these same JOAs and filed a proof of claim,
relating to amounts due to it under the JOAs.  The proposed order
should be revised to provide that Halcon's claim and rights will be
preserved and not impacted by the terms of the settlement, Halcon
said.  Otherwise, Halcon told the Court has no objections to the
Settlement Motion.

The New Gulf Debtors are represented by M. Blake Cleary, Esq., and
Ryan M. Bartley, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware; and James R. Prince, Esq., C. Luckey
McDowell, Esq., Ian E. Roberts, Esq., and Meggie S. Gilstrap, Esq.,
at Baker Botts, L.L.P., in Dallas, Texas.

The ENXP Debtors are represented by William A. (Trey) Wood III,
Esq., at Bracewell LLP, in Houston, Texas; and Jennifer Feldsher,
Esq., and Rachel Goldman, Esq., at Bracewell LLP, in New York.

Halcon is represented by:

         Duston K. McFaul, Esq.
         SIDLEY AUSTIN LLP
         1000 Louisiana Street, Suite 6000
         Houston, TX 77002
         Telephone: (713) 495-4500
         Facsimile: (713) 495-7799
         Email: dmcfaul@sidley.com

            -- and --

         Matthew E. Linder, Esq.
         SIDLEY AUSTIN LLP
         One South Dearborn Street
         Chicago, IL 60603
         Telephone: (312) 853-7000
         Facsimile: (312) 853-7036
         Email: mlinder@sidley.com

                     About New Gulf Resources

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

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

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

                           *     *     *

Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the
District of Delaware on Feb. 4, 2016, approved the disclosure
statement explaining New Gulf Resources, LLC, et al.'s First
Amended Joint Plan of Reorganization and scheduled the
confirmation
hearing for April 11, 2016, at 10:00 a.m. (prevailing Eastern
Time).

                   About Energy & Exploration

Energy & Exploration Partners, Inc., Energy & Exploration
Partners, LLC and Energy & Exploration Partners Operating GP, LLC
filed Chapter 11 bankruptcy petitions (Bankr. N.D. Tex. Proposed
Lead Case No. 15-44931) on Dec. 7, 2015.  John R. Castellano
signed
the petition as interim chief financial officer.  Judge Russell F.
Nelms has been assigned the case.

The Debtors own approximately 61,323 net acres in Texas and
Wyoming.  In Texas, the Debtors' operations are located throughout
Madison, Grimes, Leon, Houston and Walker Counties, where the
Debtors are pursuing opportunities in the Buda-Rose stacked
comingled play, the Woodbine sandstone, the Eagle Ford shale and
other stacked formations in the region.  As of the Petition Date,
the Debtors employ approximately 59 people across their various
operations.

The Debtors have engaged Bracewell & Giuliani, LLP as counsel,
Evercore Group LLC as financial advisor, AP Services, LLC as
restructuring advisor, Ernst & Young as tax advisor, Hein &
Associates as independent auditor and Prime Clerk LLC as notice,
claims and balloting agent.

                     *     *     *

Under Energy & Exploration Partners, Inc., et al.'s First Amended
Plan of Reorganization, holders of Class 5 - General Unsecured
Claims are projected to recover 4.6% of their total  allowed
claims.  The Debtors, on the Effective Date, will transfer
$2,250,000 to the Creditor Trust, which amount will be used to (a)
administer the Credit Trust Assets for the benefit of Holders of
Allowed General Unsecured Claims and pay all Creditor Trust
Expenses; and (b) to fund distributions to Holders of Class A
Interests.


ENERGY FUTURE: Court Rejects Sealing Orders in Asbestos Cases
-------------------------------------------------------------
Steven M. Sellers, writing for Bloomberg Brief, reported that
documents that Energy Future Holdings Corp. sought to file under
seal will instead be public record, after a March 18 ruling of the
U.S. District Court for the District of Delaware.

According to the report, sealing litigation documents is "strongly
disfavored," Judge Richard G. Andrews wrote, denying motions to
seal part of the record in two asbestos bankruptcy appeals.  Energy
Future had asked the court to "accept under seal about nineteen
pleadings and twenty exhibits" previously sealed in the bankruptcy
court, the report related.

Energy Future argued the move was necessary because the documents
related to "forward-looking financial projections," "operational
information," and "internal tax strategies," the report further
related.

Asbestos claimant Shirley Fenicle opposed the requests, noting a
"presumption of a right of access" to the courts, particularly in a
chapter 11 reorganization where courts view a debtor's affairs as
"an open book," the report added.

                       About Energy Future

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

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

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

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

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

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

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

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

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

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


ENERGY FUTURE: Morgan Stanley's $226MM Claims Granted in Part
-------------------------------------------------------------
There are three different types of Texas Competitive Electric
Holdings First Lien Creditors in this adversary proceeding -- each
with a different interest rate.  The First Lien Noteholders have
the highest interest as between and among the other TCEH First Lien
Creditors.  Even though the First Lien Creditors, as a whole, are
undersecured and not entitled to postpetition interest from TCEH,
the First Lien Noteholders assert that postpetition interest should
accrue on the respective pieces of First Lien Debt for purposes of
allocating payments between and among the First Lien Holders
referred to herein as the "Postpetition Interest Allocation
Method."  The other two groups of First Lien Holders do not agree
and believe that the money should be allocated on a pro rata basis
based on the amounts owed as of the Petition Date.

These arguments lay in the language of the Intercreditor Agreement
and the Security Agreement, as well as the Cash Collateral Order
entered by this Court. There are two "buckets" of value at issue:
the Adequate Protection Payments distributed per the Cash
Collateral Order and, upcoming Plan Distributions. The parties
estimate that there is up to a $90 million delta between the
Post-Petition Interest Allocation Method and the Petition Date
Allocation Method.

Morgan Stanley filed a Proof of Claim in these bankruptcy
proceedings asserting that, pursuant to the ISDA Master Agreement,
the amount payable by TCEH to Morgan Stanley is $226,465,000, which
continues to accrue interest at the Applicable Rate. Morgan Stanley
also states that the claim includes "interest from the Early
Termination Date through the post-petition claims bar date of
October 27, 2014, as well as amounts due for interest that
continues to accrue thereafter.

The First Lien Administrative Agent (Wilmington Trust) filed a
Proof of Claim on behalf of the holders of the First Lien Bank
Debt, including Titan. Wilmington Trust asserts that "Obligations"
under the Credit Agreement and any other Transaction Documents --
including "interest and fees that accrue in a bankruptcy case of a
Debtor, regardless of whether such interest and fees are allowed
claims in the bankruptcy case" — became "due and payable
immediately" upon default. The First Lien Collateral Agent also
filed a proof of claim with similar assertions.

J. Aron filed a proof of claim which includes interest at the
Default Rate.

In the alternative, DTC seeks partial summary judgment on these
issues.

In an Opinion dated March 11, 2016, which is available at
http://is.gd/bwKfvFfrom Leagle.com, Judge Christopher S. Sontchi
of the United States Bankruptcy Court for the District of Delaware
(i) granted the J. Aron/Morgan Stanley Motion; (ii) granted, in
part, and denied, in part, Titan's Motion; and (iii) denied DTC's
Motion.

The Court ruled that the Petition Date Allocation Method is the
appropriate method for distributing the Plan Distributions and the
Adequate Protection Payments between and among the First Lien
Creditors.

The bankruptcy case is In re: ENERGY FUTURE HOLDINGS, CORP., et
al., Chapter 11, Debtors. Case No. 14-10979 (CSS)(Bankr. D. Del.).

The adversary cases are DELAWARE TRUST COMPANY, as TCEH First Lien
Indenture Trustee, Plaintiff, v. WILMINGTON TRUST, N.A., as First
Lien Collateral Agent and First Lien Administrative Agent,
Defendant, v. MORGAN STANLEY CAPITAL GROUP INC., J. ARON & COMPANY,
and TITAN INVESTMENT HOLDINGS LP, Intervenors, (Jointly
Administered), Adv. Pro. No. 15-51239(CSS).

Energy Future Holdings Corp., Debtor, represented by Joseph Charles
Barsalona II, Esq. -- barsalona@rlf.com -- Richards, Layton &
Finger, P.A., Iskender H. Catto, Esq. -- McDermott Will & Emery
LLP, Kevin Chang, Esq. -- kevin.chang@kirkland.com -- Kirkland &
Ellis LLP, Richard M. Cieri, Esq. -- richard.cieri@kirkland.com --
Kirkland & Ellis LLP, Mark D. Collins, Richards, Layton & Finger,
P.A., Cormac T. Connor, Esq. -- cormac.connor@kirkland.com --
Kirkland & Ellis LLP, Daniel J. DeFranceschi, Richards, Layton &
Finger, Thomas F. Driscoll III, Bifferato LLC, Michael P. Esser,
Esq. -- michael.esser@kirkland.com --  Kirkland & Ellis LP, Michael
A. Firestein, Proskauer Rose LLP, P. Stephen Gidiere III, Balch &
Bingham LLP, Jeremy L. Graves, GIBSON DUNN & CRUTCHER LLP, William
Guerrieri, Esq. -- william.guerrieri@kirkland.com -- Kirkland &
Ellis LLP, Stephen E. Hessler, Esq. -- stephen.hessler@kirkland.com
-- Kirkland & Ellis LLP, Richard U.S. Howell, Esq. --
richard.howell@kirkland.com -- Kirkland & Ellis LLP, Chad J.
Husnick, Esq. -- chad.husnick@kirkland.com -- Kirkland & Ellis,
LLP, Christopher W. Keegan, Esq. -- christopher.keegan@kirkland.com
-- Kirkland & Ellis LLP, Natalie Hoyer Keller, Esq. --
natalie.keller@kirkland.com -- Kirkland & Ellis LLP, Marc
Kieselstein, Esq. -- marc.kieselstein@kirkland.com -- Kirkland &
Ellis LLP, David M. Klauder, Bielli & Klauder, LLC, Jason M.
Madron, Richards, Layton & Finger, P.A., Jeff J. Marwil, Proskauer
Rose LLP, Todd F. Maynes, Esq. -- todd.maynes@kirkland.com --
Kirkland & Ellis LLP, Andrew McGaan, Esq. --
andrew.mcgaan@kirkland.com -- Kirkland & Ellis LLP, Mark E. McKane
Esq., Esq. -- mark.mckane@kirkland.com -- Kirkland & Ellis LLP,
Bridget K. O'Connor, Esq. -- bridget.oconnor@kirkland.com --
Kirkland & Ellis LLP, Matthew E. Papez, Esq. --
matthew.papez@kirkland.com -- Kirkland & Ellis LLP, Michael A.
Petrino, Esq. -- michael.petrino@kirkland.com -- Kirkland & Ellis
LLP, William T. Pruitt, Esq. -- william.pruitt@kirkland.com --
Kirkland & Ellis LLP, Michael L. Raiff, Gibson Dunn & Crutcher LLP,
Lary Alan Rappaport, Proskauer Rose LLP, Jeremy L. Retherford,
Balch & Bingham LLP, Brenton Rogers, Esq. --
brenton.rogers@kirkland.com -- Kirkland & Ellis LLP, Michael A.
Rosenthal, Gibson Dunn & Crutcher LLP, Edward O. Sassower, Esq. --
edward.sassower@kirkland.com -- Kirkland & Ellis LLP, Brian
Schartz, Esq. -- brian.schartz@kirkland.com -- Kirkland & Ellis
LLP, Tyler D. Semmelman, Richards, Layton & Finger, P.A., Steven N.
Serajeddini, Esq. -- steven.serajeddini@kirkland.com -- Kirkland &
Ellis LLP, Anthony V. Sexton, Esq. -- anthony.sexton@kirkland.com
-- Kirkland & Ellis LLP, Michael B. Slade, Esq. --
michael.slade@kirkland.com -- Kirkland & Ellis LLP, James H.M.
Sprayregen, Esq. -- james.sprayregen@kirkland.com -- Kirkland &
Ellis LLP, Bryan M. Stephany, Esq. -- bryan.stephany@kirkland.com
-- Kirkland & Ellis LLP, Mark K. Thomas, Proskauer Rose LLP, W.
Clark Watson, Balch & Bingham LLP, Aparna Yenamandra, Esq. --
aparna.yenamandra@kirkland.com -- Kirkland & Ellis LLP, Peter
Jonathon Young, Proskauer Rose LLP.

The Official Committee of Unsecured Creditors of Energy Future
Holdings Corp., Energy Future Intermediate Holding Company, LLC,
EFIH Finance, Inc., and EECI, Inc, Creditor Committee, represented
by Adam R. Brebner, Esq. -- brebnera@sullcrom.com -- Sullivan &
Cromwell LLP, Andrew Dietderich, Esq. -- dietdericha@sullcrom.com
-- Sullivan & Cromwell LLP, Mark Andrew Fink, Esq. --
mfink@mmwr.com -- Montgomery, McCracken, Walker & Rhoads, Robert J.
Giuffra Jr., Esq. -- giuffrar@sullcrom.com -- Sullivan & Cromwell
LLP, Brian D. Glueckstein, Esq. -- gluecksteinb@sullcrom.com --
Sullivan & Cromwell LLP, Steven L. Holley, Esq. --
holleys@sullcrom.com -- Sullivan & Cromwell LLP, Alexa Kranzley,
Esq. -- kranzleya@sullcrom.com -- Sullivan & Cromwell LLP, Kimberly
Ellen Connolly Lawson, Esq. -- klawson@reedsmith.com -- Reed Smith
LLP, Sidney S. Liebesman, Esq. -- sliebesman@mmwr.com -- Montgomery
McCracken Walker & Rhoads, LL, Natalie D. Ramsey, Esq. --
nramsey@mmwr.com -- Montgomery, McCracken, Walker & Rhoads, Mark F.
Rosenberg, Esq. -- rosenbergm@sullcrom.com -- Sullivan & Cromwell
LLP, Mark U Schneiderman, Esq. -- schneiderman@sullcrom.com --
Sullivan & Cromwell LLP, Mark B. Sheppard, Esq. --
msheppard@mmwr.com -- Montgomery McCracken Walker, et al, Michael
H. Torkin, Esq. -- torkinm@sullcrom.com -- Sullivan & Cromwell,
LLP, Davis Lee Wright,  Esq. -- dwright@mmwr.com -- Montgomery
McCracken Walker & Rhoads LLP, David R. Zylberberg, Esq. --
zylberbergd@sullcrom.com -- Sullivan & Cromwell LLP.

United States Trustee, U.S. Trustee, represented by Richard L.
Schepacarter, Office of the United States Trustee, Andrea Beth
Schwartz, U.S. Department of Justice.

The Official Committee of Unsecured Creditors, Creditor Committee,
represented by Elizabeth Blakely, Polsinelli PC, Justin K. Edelson,
Polsinelli PC, Todd M. Goren, Morrison & Foerster LLP, Daniel J.
Harris, Morris & Foerster LLP, William M. Hildbold, Morrison &
Foerster LLP, Thomas A. Humphreys, Morrison & Foerster LLP, Shanti
M. Katona, Polsinelli PC, Charles L. Kerr, Morrison & Foerster LLP,
J. Alexander Lawrence, Morrison & Foerster LLP, Jennifer Marines,
Morrison & Foerster LLP, Lorenzo Marinuzzi, Morrison & Foerster
LLP, Brett H. Miller, Morrison & Foerster LLP, James Michael Peck,
Schulte Roth & Zabel LLP, Anthony Princi, Morrison & Forester LLP,
Erica J. Richards, Morrison Foerster LLP, Kayvan B. Sadeghi,
Morrison & Foerster LLP, Jarrett Vine, Polsinelli PC, Christopher
A. Ward, Polsinelli PC.

                       About Energy Future

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

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

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

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

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

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

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

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

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

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


ENERGY FUTURE: Texas Regulators Approve Takeover of Oncor Utility
-----------------------------------------------------------------
Harry R. Weber, writing for Bloomberg Brief, reported that the sale
of Oncor Electric Delivery Co., the largest electric transmission
operator in Texas, to a group led by Hunt Consolidated Inc. was
approved by state regulators, bringing parent company Energy Future
Holdings Corp. closer to emerging from bankruptcy after two years
of restructuring debt.

According to the report, the Public Utility Commission of Texas
voted in favor of the takeover with conditions at a meeting in
Austin on March 24.  The decision clears the last major regulatory
hurdle facing Dallas-based Energy Future in its sale of Oncor to a
real-estate investment trust controlled by Hunt and creditors, the
report noted.

The complex transaction overcame a long list of concerns raised by
consumer advocates, the commission's own staff and Oncor itself,
the report related.  Among the issues were federal income-tax
savings the buyers would get by forming a REIT and the impact on
Oncor's revenue, credit ratings and user rates, the report further
related.

Energy Future still must get approval from the Internal Revenue
Service stemming from the deal's tax structure, the report added.
The company said it's expecting IRS approval in the spring and that
it's a more routine process than the state regulatory proceeding,
and Energy Future has said it expects the deal to close by June 30,
the report said.

                       About Energy Future

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

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

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

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

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

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

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

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

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

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


ENERGY SERVICES: Emcor Deal No Impact on Moody's Ratings
--------------------------------------------------------
Moody's Investors Service said that EMCOR Group, Inc.'s (EMCOR,
rated Ba1) announcement that it will acquire Ardent Services and
Rabalais Constructors, two primary subsidiaries of Energy Services
Holdings, will have no effect on the company's ratings or outlook.

Headquartered in Covington, Louisiana, Energy Services Holdings,
LLC (ESH) is a domestically focused provider of electrical and
instrumentation services, process controls, electric transmission
and distribution and other services primarily to the upstream,
midstream and downstream sectors of the oil and gas industry and
the power sector.

Revenues for the twelve months ended September 30, 2015 were
approximately $412 million. ESH is owned by Cadent Energy Partners.


FPMC AUSTIN: Taps CBRE and KOA Partners as Real Estate Brokers
--------------------------------------------------------------
FPMC Austin Realty Partners, LP seeks authorization from the U.S.
Bankruptcy Court for the Western District of Texas to employ CBRE,
Inc. and KOA Partners, LLC as co-real estate brokers to the
Debtors.

FPMC Austin will require CBRE, Inc. and KOA Partners to:

   (a) market the Debtor's property;

   (b) assist with negotiations regarding any potential
       transactions involving the Debtor's property;

   (c) analyze and recommend regarding offers for transactions
       involving Debtor's property; and

   (d) assist with the consummation of any transactions involving
       Debtor's property.

CBRE, Inc. and KOA Partners will be paid as follows:

   -- commission basis of 2.50% of the gross sales price;

   -- commission basis of 1.50% of the gross sales price if
      Debtor's property is purchased by Mayco Development;

   -- final fee in accordance with applicable Bankruptcy Rules,
      Local Rules and any orders entered by the Court.

Scott Senese, senior managing director of CBRE Inc., and Harry
Lake, CEO of KOA Partners, assured the Court that their firms are 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.

CBRE, Inc. can be reached at:

     Scott Senese
     CBRE Inc.
     100 Congress Avenue, Suite 500
     Austin, TX 78701
     Tel: (512) 499-4900
     Fax: (512) 499-4999

KOA Partners, LLC can be reached at:

     Harry Lake
     KOA Partners
     4144 N. Central Expressway, Suite 510
     Dallas, TX 75204
     Tel: (855) 562-2407

                       About FPMC Austin

FPMC Austin Realty Partners, LP's primary asset is a medical campus
property commonly known as the Forrest Park Medical Center Hospital
and Medical Office Building located 8.5 acres on the south side of
SH 45 North between MoPac and I-35 in Round Rock, Texas
("Property").

FPMC Austin Realty Partners filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Tex. Case No. 16-10020) on Jan. 5, 2016. The petition
was signed by Mary Hatcher as manager of NRG Austin Dev. LLC, its
general partner. Judge Tony M. Davis has been assigned the case.

The Debtor estimated assets of $100 million to $500 million and
liabilities of $50 million to $100 million.

The Law Offices of Ray Battaglia, PLLC serves as the Debtor's
counsel.

Proofs of claim are due by May 9, 2016.


GREAT LAKES COMNET: Schedules $24.3M in Assets, $28.3M in Debt
--------------------------------------------------------------
Great Lakes Comnet Inc. filed its schedules of assets and
liabilities, disclosing:

   Name of Schedule                   Assets       Liabilities
   ----------------                   ------       -----------
A. Real Property                          $0
B. Personal Property            $24,396,300           
C. Property Claimed as Exempt
D. Creditors Holding
   Secured Claims                                  $25,209,914
E. Creditors Holding Unsecured
   Priority Claims                                    $135,091
F. Creditors Holding Unsecured
   Non-priority Claims                              $2,978,319
                               --------------   --------------
TOTAL                             $24,396,300      $28,323,324

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

                    About Great Lakes Comnet

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

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

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

Great Lakes Comnet, Inc. and Comlink, LLC filed Chapter 11
bankruptcy petitions (Bankr. W.D. Mich. Case Nos. 16-00290 and
16-00292, respectively) on Jan. 25, 2016.  The petitions were
signed by John Summersett as chief executive officer.

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


HAGGEN HOLDINGS: Has Until June 6 to File Ch. 11 Plan
-----------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware extended Haggen Holdings, LLC, et al.'s exclusive plan
filing period through and including June 6, 2016, and their
exclusive solicitation period through and including August 4,
2016.

According to the Debtors, the extensions are both appropriate and
necessary to afford them with sufficient time to adequately prepare
a viable chapter 11 plan and related disclosure statement.

The Debtors said that at this stage, an extension of the Exclusive
Periods will allow them to negotiate a chapter 11 plan, while
continuing to devote the necessary resources towards maximizing the
value of their estates through the Court-approved sale process,
among other things.

                     About Haggen Holdings

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

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

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

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

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

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

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


HAROLD ADAMO: Court Denies Ch. 7 Conversion Bid
-----------------------------------------------
Rocco and Josephine Marini brought an action against Debtor Harold
Adamo, Jr., his wife Lisa Adamo, The Bolton Group, Inc., and H.
Edward Rare Coins and Collectibles, Inc., alleging claims under
section 10(b) of the Securities Exchange Act of 1934 as well as
state law claims for fraud, breach of fiduciary duty, unjust
enrichment, and money had and received, in connection with the sale
of rare coins by the Debtor to the Marinis. The Marinis sought to
recover out of pocket losses of $11,304,079, plus interest, and
punitive damages.

After roughly six years of litigation, the District Court decided
in favor of the Marinis. Thereafter, on April 16, 2014, the
District Court entered judgment on all counts against the Debtor,
H. Edward and Bolton Group in the sum of $11,304,079, plus (i)
prepetition interest calculated at 9% from January 1, 2005 to April
16, 2014 on the state law claims and 9% interest from April 5, 2006
to April 16, 2014 on the section 10(b) claims, and (ii)
post-judgment interest on all claims to be calculated pursuant to
the federal rate. The District Court, however, dismissed the unjust
enrichment and money had and received claims that the Marinis
brought against Lisa.

On August 6, 2014, the Debtor filed this chapter 11 case, thus
staying all collection efforts on the Judgment. The Debtor listed
the Judgment Debt in Schedule F to his chapter 11 petition as
disputed and in the amount of $20,000,000. The Judgment Debt
accounts for approximately 94% of the unsecured claims filed or
scheduled4 by the Debtor in this case, and is by far the largest
unsecured claim lodged against the Debtor.

Before the Court is the motion of the Marinis to convert the
chapter 11 case of the Debtor to a case under chapter 7 for cause.
The Marinis contend that "cause" exists to convert this case based
on a substantial or continuing loss to or diminution of the estate
and the absence of a reasonable likelihood of rehabilitation. The
Marinis also contend that cause exists due to the Debtor's
unexcused failure to file a plan of reorganization and disclosure
statement. On those bases and others, the Marinis argue that the
case should be converted.

In a Memorandum Decision and Order dated March 4, 2016, which is
available at http://is.gd/lbkr3Tfrom Leagle.com, Judge Louis A.
Scarcella of the United States Bankruptcy Court for the Eastern
District of New York concluded that the Marinis have failed to meet
their burden of proof that cause exists to convert this case and
therefore denied the Motion.

The case is In re: HAROLD ADAMO, JR., Chapter 11, Debtor, Case No.
14-73640-las.

Harold Adamo, Jr., Debtor, is represented by Catafago Fini, Esq. --
info@catafagofini.com, Clifford Katz, Platzer Swergold Levine
Goldberg Katz, Scott Markowitz, Esq. --
smarkowitz@tarterkrinsky.com -- Tarter Krinsky & Drogin LLP, Teresa
Sadutto-Carley, Esq. -- tsadutto@platzerlaw.com -- Platzer,
Swergold et al.


HDGM ADVISORY: Wants Jacobson Hile to Replace Katz & Korin as Atty
------------------------------------------------------------------
HDGM Advisory Services, LLC and HDG Mansur Investment Services,
Inc. seek to employ Jacobson Hile, LLC as substitute counsel nunc
pro tunc to March 1, 2016.

The Bankruptcy Court on June 18, 2014, entered orders authorizing
the retention of Katz & Korin, PC, and that firm's member
employees, Michael W. Hile and Christine K. Jacobson.  Effective
March 1, 2016, both Michael W. Hile and Christine K. Jacobson
disassociated with Katz & Korin, PC and commenced a new law
practice known as Jacobson Hile, LLC.

According to the Debtors' filings, they, through their chapter 11
officer in charge, William Robert (Bob) Echols, want Jacobson Hile
to substitute as counsel.  The professional services to be rendered
by Jacobson Hile are:

     -- Advise the Debtors with respect to powers and duties as
debtor-in-possession under the Bankruptcy Code and related issues
as determined appropriate pursuant to  the Debtors' restructuring
plans;

     -- Advise the Debtors with respect to compliance with the U.S.
Trustee's Operating Guidelines and Reporting Requirements and rules
of the Court;

     -- Prepare and file motions, orders, applications, pleadings,
adversary proceedings, and other legal documents on behalf of the
Debtors as may be necessary in the administration of the case;

     -- Represent and protect the interests of the Debtors in all
matters pending before the Court; and

     -- Represent the Debtors in negotiations with creditors and
other parties in interest.

The primary attorneys within the Firm who will represent Debtors
and their current standard hourly rates are:

     Michael W. Hile, Member $400.00 per hour
     Christine K. Jacobson, Member $400.00 per hour
     Associates $325.00 per hour
     Legal Assistant $175.00 per hour

The Debtors noted that the minimal $2,836 retainer received by Katz
& Korin has been consumed by Katz & Korin for interim fees awarded
on an interim basis pursuant to the procedures adopted by the
Court.  Thus, Jacobson Hile will not have a retainer and will work
at risk for it fees depending upon collection and liquidation of
certain of the Debtors' assets as the Debtors presently hold no
cash.

Mr. Hile attests that Jacobson Hile does not hold or represent any
interest adverse to the Debtor's estate and is a "disinterested
person" as the term is defined by section 101(14) of the Bankruptcy
Code.  

Mr. Hile disclosed that his firm rents space from the Tucker,
Hester, Baker & Krebs, LLC law firm, who represents Harold D.
Garrison in his Chapter 7 case.  HDGM Advisory Services and HDG
Mansur Investment Services were directly or indirectly owned by Mr.
Garrison.

Mr. Hile also pointed out that Mr. Garrison's Chapter 7 Trustee --
not Mr. Garrison -- is now the direct or indirect owner of the
Debtors.  As appropriate for all space share legal practices,
Jacobson Hile and THBK have implemented the necessary prophylactic
measures to keep their respective files, clients and their client
confidences separate and distinct in accord with the highest and
best legal and ethical business practices.  

Mr. Hile also noted that an examiner has been granted the power and
the duty to investigate and pursue all insider claims (including
Claims by and against Mr. Garrison).  Thus, the Debtors will not be
taking any actions vis-a-vis Mr. Garrison.  He added that although
THBK represents Mr. Garrison in Mr. Garrison's Chapter 7 case, Mr.
Garrison's lead counsel with respect to matters applicable to the
corporate debtors, their chapter 11 cases and settlement of Mr.
Garrison's claims with respect to advancement and indemnification
from the Debtors' insurance policies is and always has been Frank
Earley, Esq.  of Mintz, Levin, Cohn, Ferris, Glovsky and
Popeo.

Jacobson Hile may be reached at:

     Michael W. Hile, Esq.
     Christine K. Jacobson, Esq.
     Jacobson Hile, LLC
     One Indiana Square, Suite 1600
     Indianapolis, IN 46204.
     Tel: 317-608-1131
          317-608-1132
     E-mail: mhile@jacobsonhile.com
             cjacobson@jacobsonhile.com

                   About HDGM Advisory Services

HDGM Advisory Services, LLC ("MAS") and HDG Mansur Investments
Services, Inc. ("MISI") invest in and develop real estate around
the world.  They also provided management and investment services
to real estate funds that were set up as an investment vehicle for
religious Muslims.  MISI developed Finzels Reach, a real estate
development in Bristol England.  MAS and MISI are directly
or indirectly owned by Harold D. Garrison, who is a debtor in
possession in a separate bankruptcy case.

MAS and MISI sought Chapter 11 bankruptcy protection (Bankr. S.D.
Ind. Case No. 14-04797 and 14-04798) in Indianapolis, Indiana, on
May 21, 2014.  On May 28, 2014, the Hon. James M. Carr directed
the joint administration the cases, under the lead case -- HDGM
Advisory, Case No. 14-04797.

MAS disclosed $20.3 million in assets and $7.99 million in
liabilities as of the Chapter 11 filing.  MISI disclosed $20.4
million in assets and $12.4 million in liabilities.  According to
a court filing, the Debtors don't have any secured creditors.

The Debtors tapped Michael W. Hile, Esq., and Christine K.
Jacobson, Esq., at Katz & Korin PC, as counsel.  After Mr. Hile and
Ms. Jacobson commenced their own law practice, the Debtors tapped
Jacobson Hile, LLC, as counsel.

An affiliate of the Debtors, Hamilton Proper Partners Golf
Partnership, L.P., sought bankruptcy protection (Bankr. S.D. Ind.
Case No. 14-00461) on Jan. 24, 2014.

On Nov. 10, 2014, Debtors filed their First Amended Joint Plan of
Reorganization and their Disclosure Statement.  In the Amended
Plan, the Debtors proposed that their estates be liquidated by a
Liquidating Trust that would liquidate assets and claims and
distribute recoveries in accord with the practices of the
Bankruptcy Code.

The Bankruptcy Court on September 18, 2014, granted an oral motion
to appoint an Examiner in these cases.  John Humphrey, Esq. was
appointed Examiner on October 27, 2014.  Pursuant to the Order
Appointing the Examiner, the Examiner is, inter alia, charged with
investigating and pursuing any and claims against insiders in these
cases.

Mr. Garrison's own Chapter 11 case has been converted to Chapter 7
and Mr. Garrison is represented by Tucker, Hester, Baker & Krebs,
LLC in the Chapter 7 case.  He is represented by Frank Earley, Esq.
of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo in MAS and MISI's
Chapter 11 cases.


HECLA MINING: Moody's Confirms B2 CFR, Outlook Stable
-----------------------------------------------------
Moody's Investors Service confirmed Hecla Mining Company's
Corporate Family and Probability of Default Ratings at B2 and
B2-PD, respectively. At the same time, the senior unsecured notes
rating was also confirmed at B3. The SGL-2 Speculative Grade
Liquidity rating is unchanged. The outlook is stable. This
concludes the review for downgrade initiated on January 21, 2016.

Issuer: Hecla Mining Company

Confirmations:

-- Probability of Default Rating, Confirmed at B2-PD

-- Corporate Family Rating, Confirmed at B2

-- Senior Unsecured Regular Bond/Debenture May 1, 2021, Confirmed

    at B3 (LGD4)

Unchanged:

-- Speculative Grade Liquidity Rating, unchanged at SGL-2

Outlook Actions:

-- Outlook, Changed To Stable from Rating Under Review

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 and silver have
not experienced the same magnitude of recent price reductions seen
in base metals, they are nevertheless volatile commodities, the
price of which are very hard to predict as they are 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.

RATINGS RATIONALE

The B2 Corporate Family Rating reflects Hecla's portfolio of high
quality assets that are located in politically stable regions, the
company's improving production profile, and diversification of
sales between silver and gold. Hecla's silver production increased
by more than 5% in 2015 to over 11.5 million ounces, and production
levels for both silver and gold are expected to increase further in
2016 as a result of capital projects at San Sebastian and Casa
Berardi. In addition, ore grades at Lucky Friday will improve with
the completion of the #4 Shaft Project at the end of 2016.The
company benefits from additional by-product credits (which reduce
mine cash costs) derived from lead and zinc production, but silver
and gold will continue to be the dominant performance drivers.

The rating also incorporates the company's modest size, negative
free cash flow, relatively high leverage, and weak interest
coverage metrics, as evidenced by debt/EBITDA and EBIT/interest of
5.2x and -0.1x respectively at December 31, 2015. Leverage and
coverage metrics are expected to improve as the company benefits
from higher sales volumes and free cash flow is expected to
approach break-even in 2017 on reduced capital spending
requirements following the completion of the #4Shaft Project at
Lucky Friday.

The SGL-2 liquidity rating reflects Hecla's good liquidity
position, which includes a cash position of $155 million as of
December 31, 2015, and an unused $100 million revolving credit
facility expiring November 2018, which was unused at December 31,
2015. “We do not expect a need to borrow under this facility in
2016 or 2017.”

The stable outlook reflects the expectation that production levels
will continue to increase and that the company's credit metrics
will evidence modest improvement over the next 12-18 months. The
outlook also anticipates that the company will maintain its
liquidity position while continuing its investments in sustaining
capital and completing current capital projects.

Hecla's ratings could be upgraded should the company sustain
leverage, as measured by debt/EBITDA, at no more than 4x, and
(CFO-dividends)/debt of greater than 15%. The ratings could be
downgraded if debt/EBITDA is sustained above 5x or if there is a
significant contraction in liquidity.

The principal methodology used in these ratings was Global Mining
Industry published in August 2014. Please see the Ratings
Headquartered in Coeur d'Alene, Idaho, Hecla Mining Company
("Hecla") is primarily a silver and gold producer. The company
operates three silver mines -- Greens Creek in Alaska, Lucky Friday
in Idaho, and San Sebastian in Durango, Mexico -- which also
produce lead, zinc, and gold as by-products, and one gold mine-
Casa Berardi, in Quebec, Canada. The company also owns several
other exploration and pre-development properties. For the fiscal
year ending December 31, 2015, Hecla produced approximately 11.6
million ounces of silver and 189,000 ounces of gold. The company
generated revenues of $444 million for the twelve months ended
December 31, 2015.


HEMCON MEDICAL: Zupancic's Best Replaces Elken as Panel's Counsel
-----------------------------------------------------------------
Brian J. Best, Esq., Esq., at Zupancic Rathbone Law Group, P.C. has
been substituted as counsel to the Official Committee of Unsecured
Creditors in the Chapter 11 case of HemCon Medical Technologies,
Inc., in place of Marjorie A. Elken, Esq.

Mr. Best may be reached at:

         Brian J. Best, Esq., Esq.
         ZUPANCIC RATHBONE LAW GROUP, P.C.
         4949 Meadows Road, Suite 600
         Lake Oswego, Oregon 97035
         Direct Dial:  (503) 210-2241
         Facsimile:  (503) 968-8017
         E-mail: bbest@zrlawgroup.com

As reported by the Troubled Company Reporter on March 10, 2016, the
the Committee won Court approval to retain Zupancic Rathbone Law
Group, P.C. as its Oregon counsel, nunc pro tunc to Jan. 22, 2016.


                 About HemCon Medical Technologies

HemCon Medical Technologies, Inc., began operations in 2001 and
today brings advanced wound care technologies to the worldwide
healthcare market.

HemCon Medical previously filed a Chapter 11 bankruptcy on April
10, 2012, in the District of Oregon (Case No. 12-32652-elp11).
The
Debtor's Fifth Amended Plan of Reorganization was confirmed on
May 6, 2013, and the Final Decree was entered and the case was
closed on Nov. 20, 2013.

HemCon Medical again filed for Chapter 11 bankruptcy (Bankr. D.
Ore. Case No. 16-30119) on Jan. 15, 2016.  The petition was signed
by Michael Wax as president and CEO.

The Debtor estimated both assets and liabilities in the range of
$10 million to $50 million.  

Tonkon Torp LLP serves as counsel in the new Chapter 11 case.


HHH CHOICES: Court Approves Abbate DeMarinis as Accountant
----------------------------------------------------------
Hebrew Hospital Home of Westchester, Inc., sought and obtained
permission from the U.S. Bankruptcy Court for the Southern District
of New York to employ Abbate DeMarinis, LLC as accountant, nunc pro
tunc to the January 8, 2016 petition date.

The Debtor requires Abbate DeMarinis to:

   (a) conduct an annual audit in accordance with generally
       accepted auditing standards and prepare the Debtor's year-
       end certified financial statements;

   (b) compile quarterly unaudited financial statement and
       monitoring of the Debtor's bookkeeping system to assure
       compliance with predetermined procedures;

   (c) prepare and file the appropriate Annual Federal, State and
       Local Income Tax Returns;

   (d) prepare the federal and state cost reports for the fiscal
       year in accordance with third party instructions;

   (e) consult the Debtor on the tax effects of any proposed
       transactions with other affiliated entities or contemplated

       business policy changes;

   (f) consult Debtor regarding Debtor's expenses and revenues;

   (g) prepare financial reports for the bankruptcy proceedings as

       required;

   (h) consult Debtor in reorganization strategies and
       alternatives;

   (i) consult Debtor in analyzing and objecting to claims;

   (j) attend meetings and conferences regarding the above-
       described items;

   (k) provide such other functions as requested by the Debtor or
       its counsel to assist the Debtor in this Chapter 11 case.

Abbate DeMarinis will be paid at these hourly rates:

       Partner                   $350-$450
       Manager                   $275-$325
       Seniors and Staff         $175-$250
       Administrative            $75-$120

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

Anthony Abbate, partner of Abbate DeMarinis, 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.

Harter Secrest can be reached at:

       Anthony Abbate
       ABBATE DEMARINIS, LLC
       377 Oak St Ste 209
       Garden City, NY 11530-6542
       Tel: (516) 745-6600

                         About HHH Entities

Three alleged creditors owed about $1.9 million submitted an
involuntary Chapter 11 petition for HHH Choices Health Plan, LLC
on
May 4, 2015 (Bankr. S.D.N.Y. Case No. 15-11158) in Manhattan.

The petitioners are The Royal Care, Inc., (allegedly owed
$772,762), Amazing Home Care Services ($1,178,752), and InterGen
Health LLC ($42,298), all claiming that they are owed by the
Debtor
for certain services rendered.  They all tapped Marc A. Pergament,
Esq., at Weinberg, Gross & Pergament, LLP, in Garden City, New
York, as counsel.

With the consent from the board of directors, HHH Choices filed a
notice of consent to order for relief on June 1, 2015, and an
order
for relief was entered on June 22, 2015.  HHH Choices was engaged
in operating a managed long-term care program ("MLTCP").  HHH
Choices, which essentially was a health insurance maintenance
plan,
sold its business in 2015.

On Dec. 9, 2015, Hebrew Hospital Senior Housing, Inc., commenced a
Chapter 11 case (Bankr. S.D.N.Y. Case No. 15-13264).  HHSH is
engaged in the sponsorship and operation of a 120-unit continuing
care retirement community ("CCRC") with ancillary components
consisting of; a 20 bed skilled nursing facility ("SNF"), which
includes an adult day healthcare program ("ADHCP"), and a 10-bed
enriched housing unit. These programs are commonly known as,
Westchester Meadows and Fieldstone.

On Jan. 8, 2016, Hebrew Hospital Home of Westchester, Inc.
commenced a Chapter 11 Case (Case No. 16-10028).  HHHW's
predecessor, Hebrew Hospital Home, Inc. owned and operated a
480-bed skilled nursing facility located in the Bronx.  In 1998,
HHHW opened a new 160-bed facility situated at 61 Grasslands Road,
Valhalla, New York.  HHHW sold the Bronx SNF in 2007 and the
Westchester SNF in mid-2015.  HHHW no longer has any active
business operations.  However, it still has responsibilities to
wind-up its affairs, including finishing any remaining billing and
processing, filing reports with regulatory agencies and closing
its
books and records.  The true-up process and final reconciliation
with the purchasers of the Westchester SNF is incomplete.

The Debtors sought and obtained an order directing joint
administration of their cases under Case No. 15-11158.

Judge Michael E. Wiles oversees the cases.

Mary Frances Barrett is president of all of the Debtors.

The Debtors tapped Harter Secrest & Emery LLP as counsel and
Getzler Henrich & Associates LLC as financial advisor.


HHH CHOICES: Court Approves Harter Secrest as Legal Counsel
-----------------------------------------------------------
Hebrew Hospital Home of Westchester, Inc., sought and obtained
permission from the U.S. Bankruptcy Court for the Southern District
of New York to employ Harter Secrest & Emery LLP as legal counsel,
nunc pro tunc to the January 8, 2016 petition date.

Harter Secrest's services will include, without limitation,
assisting, advising and representing the Debtor with respect to
these matters:

   (a) the administration of the Chapter 11 Case and the exercise
       of oversight with respect to the Debtor's affairs,
       including all issues in connection with the Debtor, any
       potential committee or the Chapter 11 Case;

   (b) the preparation on behalf of the Debtor of necessary
       applications, motions, memoranda, orders, reports and
       other legal papers;

   (c) appearances in Court and at statutory meetings of
       creditors to represent the interests of the Debtor;

   (d) the negotiation, formulation and confirmation of a plan or
       plans of reorganization or liquidation, and matters
       related thereto;

   (e) investigation, if any, as the Debtor may desire
       concerning the assets, liabilities, financial condition,
       sale of any of the Debtor's businesses, and operating
       issues concerning the Debtor that may be relevant to the
       Chapter 11 Case;

   (f) communications with the Debtor's constituents and others
       at the direction of the Debtor in furtherance of its
       responsibilities under the Bankruptcy Code; and

   (g) the performance of all of the Debtor's duties and powers
       under the Bankruptcy Code, the Federal Rules of Bankruptcy
       Procedure, and other services as are in the interests of
       those represented by the Debtor.

Harter Secrest will be paid at these hourly rates:

       Raymond L. Fink, Partner         $500
       Richard T. Yarmel, Partner       $500
       John A. Mueller, Sr. Associate   $345
       Anna S.M. McCarthy, Associate    $235
       Paralegal                        $148

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

Raymond L. Fink, member of Harter Secrest, 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.

Harter Secrest can be reached at:

       Raymond L. Fink, Esq.
       HARTER SECREST & EMERY LLP
       12 Fountain Plaza, Suite 400
       Buffalo, NY 14202-2293
       Tel: (716) 853-1616
       E-mail: rfink@hselaw.com

                         About HHH Entities

Three alleged creditors owed about $1.9 million submitted an
involuntary Chapter 11 petition for HHH Choices Health Plan, LLC
on
May 4, 2015 (Bankr. S.D.N.Y. Case No. 15-11158) in Manhattan.

The petitioners are The Royal Care, Inc., (allegedly owed
$772,762), Amazing Home Care Services ($1,178,752), and InterGen
Health LLC ($42,298), all claiming that they are owed by the
Debtor
for certain services rendered.  They all tapped Marc A. Pergament,
Esq., at Weinberg, Gross & Pergament, LLP, in Garden City, New
York, as counsel.

With the consent from the board of directors, HHH Choices filed a
notice of consent to order for relief on June 1, 2015, and an
order
for relief was entered on June 22, 2015.  HHH Choices was engaged
in operating a managed long-term care program ("MLTCP").  HHH
Choices, which essentially was a health insurance maintenance
plan,
sold its business in 2015.

On Dec. 9, 2015, Hebrew Hospital Senior Housing, Inc., commenced a
Chapter 11 case (Bankr. S.D.N.Y. Case No. 15-13264).  HHSH is
engaged in the sponsorship and operation of a 120-unit continuing
care retirement community ("CCRC") with ancillary components
consisting of; a 20 bed skilled nursing facility ("SNF"), which
includes an adult day healthcare program ("ADHCP"), and a 10-bed
enriched housing unit. These programs are commonly known as,
Westchester Meadows and Fieldstone.

On Jan. 8, 2016, Hebrew Hospital Home of Westchester, Inc.
commenced a Chapter 11 Case (Case No. 16-10028).  HHHW's
predecessor, Hebrew Hospital Home, Inc. owned and operated a
480-bed skilled nursing facility located in the Bronx.  In 1998,
HHHW opened a new 160-bed facility situated at 61 Grasslands Road,
Valhalla, New York.  HHHW sold the Bronx SNF in 2007 and the
Westchester SNF in mid-2015.  HHHW no longer has any active
business operations.  However, it still has responsibilities to
wind-up its affairs, including finishing any remaining billing and
processing, filing reports with regulatory agencies and closing
its
books and records.  The true-up process and final reconciliation
with the purchasers of the Westchester SNF is incomplete.

The Debtors sought and obtained an order directing joint
administration of their cases under Case No. 15-11158.

Judge Michael E. Wiles oversees the cases.

Mary Frances Barrett is president of all of the Debtors.

The Debtors tapped Harter Secrest & Emery LLP as counsel and
Getzler Henrich & Associates LLC as financial advisor.


HIGH RIDGE: Exclusive Plan Solicitation Period Expires June 3
-------------------------------------------------------------
High Ridge Management Corp. and its affiliated debtors sought and
obtained from Judge John K. Olson, of the U.S. Bankruptcy Court for
the Southern District of Florida, Fort Lauderdale Division, the
extension of their exclusive periods to file and solicit
acceptances to their plan of reorganization through April 4, 2016
and June 3, 2016, respectively.

In seeking an extension, the Debtors contended that since filing
their Chapter 11 Plan, the Debtors sold their assets and have been
working to negotiate claims of those creditors holding the largest
claims against the Debtors' estates.  The Debtors further contended
that they are working with their professionals to finalize the
financial analyses to accompany their respective plans.  The
Debtors added that they are working with the Official Committee of
Unsecured Creditors on the revisions to the amended plans.

High Ridge Management Corp. and its affiliated debtors are
represented by:

          Jerry M. Markowitz, Esq.
          Grace E. Robson, Esq.
          MARKOWITZ RINGEL TRUSTY & HARTOG, P.A.
          101 NE Third Avenue, Suite 1210
          Fort Lauderdale, FL 33301
          Telephone: (954)767-0030
          Facsimile: (954)767-0035
          E-mail: jmarkowtiz@mrthlaw.com
                  grobson@mrthlaw.com

                About Hight Ridge Management Corp.

High Ridge Management Corp., Hollywood Pavilion and Hollywood
Hills
Rehabilitation Center LLC, sought for Chapter 11 protection
(Bankr.
S.D. Fla. Lead Case No. 15-16388) on April 8, 2015.

High Ridge is the landlord of Pavilion and Hollywood Hills.  High
Ridge is the 100 percent owner of the membership interests in
Hollywood Hills and Pavilion.  Prior to Jan. 14, 2014, when a
receiver was appointed, High Ridge managed the operations for
Pavilion and Hollywood Hills.

The Hon. John K. Olson presides over the jointly administered
cases.  Timothy R Bow, Esq., and Grace E. Robson, Esq., at
Markowitz Ringel Trusty + Hartog, P.A., in Fort Lauderdale,
Florida, serve as the Debtors' counsel.


INTERNATIONAL TECHNICAL: Asks Court Nod for Sale of Excess Robots
-----------------------------------------------------------------
International Technical Coatings, Inc., asks the U.S. Bankruptcy
Court for the District of Arizona to authorize the sale of certain
excess equipment.

The Debtor contends that Bank of America's lien covers the
equipment to be sold, and anticipates that all of the sales
proceeds will be turned over to the Bank.

Under the terms of the proposed sale, the Debtor will sell four,
and possibly 6, KUKA welding Robots to KC Robotics. The robots are
KUKA KR 16 with KR C1 Controller Robots.  The robots were
manufactured between 2007 and 2009, and are being sold for $10,000
a piece.  The Debtor avers that based on its knowledge of the used
equipment market for such manufacturing equipment, the proposed
sale likely represents the highest and best offer for the
equipment.

The Debtor tells the Court that it does not need and does not
anticipate ever needing the Excess Equipment.  It believes that the
sale makes business sense.  The Debtor further tells the Court that
the proposed sale: (a) pays down the balance on the outstanding
obligations to the Bank; (b) converts idle machinery into cash; and
(c) clears out needed space at the Debtor's facility.

The Debtor proposes to sell the equipment at a sale hearing where
the Court can entertain any higher and better offers for the
equipment.  The Debtor believes that such a process will ensure the
maximization of the equipment's value.

International Technical Coatings is represented by:

          Warren J. Stapleton, Esq.
          OSBORN MALEDON, P.A.
          2929 North Central Avenue
          21st Floor
          Phoenix, AZ 85012-2793
          Telephone: (602)640-9000
          E-mail: wstapleton@omlaw.com

                  About Int'l Technical Coatings

International Technical Coatings, Inc. is a Phoenix, Arizona-based
steel wire manufacturer.  It has facilities located in Phoenix,
Arizona and Columbus, Ohio.

ITC filed a Chapter 11 bankruptcy petition (Bank. D. Ariz. Case
No.
15-14709) on Nov. 18, 2015.  John Caldwel, the chairman, signed
the
petition.  Judge Madeleine C. Wanslee is assigned the case.

Bank of America Bank, N.A., which is owed more than $25.7 million
in outstanding matured, defaulted loan obligations, applied for
the
appointment of a receiver over ITC on Oct. 28, 2015.  The Maricopa
County Superior Court held an initial hearing on the matter on
Nov.
4.  A final hearing on the appointment of a receiver was scheduled
for Nov. 18 at 1:30 p.m.  Unable to secure an agreement with the
Bank prior to the scheduled hearing, ITC filed for Chapter 11
protection.

In its petition, the Debtor estimated assets of $50 million to
$100
million and liabilities of more than $10 million.

The Debtor tapped Osborn Maledon, P.A., as bankruptcy counsel.
Morris Anderson & Associates, Ltd. serves as its financial
advisor.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  Stinson Leonard
Street,
LLP represents the committee.  The Law Offices of Michael W.
Carmel, Ltd. serves as its conflicts counsel. The Committee
retained KRyS Global, USA, as its financial advisor.

Secured creditor Bank of America is represented by Robert J.
Miller, Esq., Kyle S. Hirsch, Esq., and Amanda L. Cartwright,
Esq.,
at Bryan Cave LLP.


JW RESOURCES: UCC's Liquidating Plan Set for April 5 Confirmation
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of JW Resources Inc.,
et al., on April 5, 2016, will seek approval of its liquidating
plan that will pay unsecured creditors of the Debtors from what's
left of the estates after administrative claims and secured claims
are paid in full.

According to the Disclosure Statement, unsecured creditors are
impaired.  Their recovery could be as low as 0% and as high as
100%.  Equity holders are expected to be wiped out.

Pursuant to the Plan, a trustee will liquidate any remaining assets
of the Debtors under Chapter 11 of the Bankruptcy Code and make
distributions pursuant to the Plan.  The Creditors Committee will
select the Liquidating Trustee in consultation with the Debtors and
Gordon Brothers.

The Debtors have $80 million of liabilities, of which approximately
$9.5 million is secured debt owed to GB Credit Partners, LLC and
approximately $55 million is secured debt owed to Bayside.

Judge Gregory R. Schaaf on March 4, 2016, entered an order
approving the Disclosure Statement.  The Court set a March 29
voting deadline, a March 29 deadline for confirmation objections
and an April 5, 2016, at 9:00 a.m. hearing to consider confirmation
of the Committee's Plan.

A redlined copy of the amended Disclosure Statement explaining the
Committee's Plan of Orderly Liquidation filed March 8 2016, is
available for free at:

      http://bankrupt.com/misc/JW_Resources_533_DS_RL.pdf

The Committee's attorneys:

         T. Kent Barber, Esq.
         BARBER LAW PLLC
         2200 Burrus Drive
         Lexington, KY 40513
         Telephone: (859) 296-4372
         E-mail: kbarber@barberlawky.com

               - and -

         W. Timothy Miller, Esq.
         Thomas R. Schuck, Esq.
         Casey Cantrell Swartz, Esq.
         TAFT STETTINIUS & HOLLISTER LLP
         425 Walnut St., Suite 1800
         Cincinnati, Ohio 45202
         Telephone: (513) 357-9452
         E-mail: miller@taftlaw.com
                 schuck@taftlaw.com
                 cswartz@taftlaw.com

                        About JW Resources

JW Resources Inc. and its subsidiaries are U.S. producers of
thermal coal with mineral reserves, mining operations and coal
properties located in the Central Appalachian ("CAPP") regions of
Kentucky. JW acquired the thermal coal mining operations of
Xinergy
in eastern Kentucky for $47.2 million in February 2013. JW's
business operations comprise what is known as the "Straight Creek"
operations located in Bell, Leslie and Harlan Counties, Kentucky,
and the "Red Bird" operations located in Bell, Leslie, Knox, and
Clay Counties, Kentucky.  JW Resources is the parent and sole
shareholder of SCRB Properties, Inc., Straight Creek Coal Mining,
Inc. and SCRB Processing, Inc.

JW Resources and its subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. E.D. Ky. Lead Case No. 15-60831) in London,
Kentucky on June 30, 2015.

JW Resources estimated $1 million to $10 million in assets and $50
million to $100 million in debt.  Straight Creek estimated $10
million to $50 million in assets and $50 million to $100 million in
debt.

The Debtors tapped Frost Brown Todd LLC as counsel, and Energy
Ventures Analysis, Inc., as sale advisor.  

The Official Committee of Unsecured Creditors tapped Barber Law
PLLC and Taft Stettinius & Hollister LLP as attorneys.

Pursuant to an order entered Nov. 20, 2015, the Court set Dec. 21,
2015 as the general bar date for all Claims.


KNIGHT STEEL: Man's Scrap Sale Not Subject to Self-Employment Tax
-----------------------------------------------------------------
Matthew Beddingfield, writing for Bloomberg Brief, reported that a
California businessman dealing in steel fabrication doesn't owe
self-employment tax on income he made from selling scrap metal to
remedy a lack of income from his business.

According to the report, U.S. Tax Court Judge Mark V. Holmes ruled
March 28 that Thomas L. Ryther doesn't owe self-employment tax on
the $317,000 he made selling the scrap steel because the sales of
the steel weren't frequent or substantial enough, and that the
length of time the steel was held along with how the proceeds were
used didn't indicate business-like motives.  Ryther began selling
scrap steel generated from his former business, Knight Steel Inc.,
after it went bankrupt in 2004, the report related.  From 2004 to
2010, Ryther made $317,000 from the sale of the scrap steel, the
report further related.

Judge Holmes, who analyzed several factors in determining whether
selling the scrap steel was a business activity, found that the
frequency with which Ryther sold the scrap weighed in Ryther's
favor because he only sold it on average once or twice a month, the
report said.  Judge Holmes also found that just because Ryther sold
the scrap slowly over time instead of in one lump didn't make the
sales a business "any more than liquidating a block of duplexes in
a string of sales instead of all at once makes it a business," the
report added.


MAGNUM HUNTER: Seeks Sept. 13 of Plan Exclusivity Extension
-----------------------------------------------------------
Magnum Hunter Resources Corporation, et al., ask the U.S.
Bankruptcy Court for the District of Delaware to extend the period
during which the Debtors have the exclusive right to (a) file a
chapter 11 plan through and including July 13, 2016, and (b)
solicit votes accepting or rejecting a plan through and including
September 13, 2016.

According to Laura Davis Jones, Esq., at Pachulski Stang Ziehl &
Jones LLP, in Wilmington, Delaware, the Debtors are poised to
achieve a truly extraordinary result -- full equitization of all of
their approximately $1 billion in prepetition funded debt
obligations and their $200 million debtor-in-possession financing
facility.  The Debtors, Ms. Jones says, are on pace to exit
bankruptcy after fewer than five months, substantially debt free.
The Debtors' proposed Chapter 11 plan of reorganization also
provides for a significant recovery for general unsecured
creditors.  The Debtors are scheduled to commence the hearing on
confirmation of the Plan on March 31, 2016, and expect to proceed
on a largely consensual basis -- with the full support of ad hoc
groups representing the vast majority of the holders of the
Debtors' prepetition secured and unsecured funded debt obligations,
as well as the official committee of unsecured creditors appointed
in these chapter 11 cases.

Out of an abundance of caution, however, the Debtors seek an
extension of the exclusivity period in which the Debtors may file
and solicit acceptances of a chapter 11 plan.  Ms. Jones tells the
Court that the Debtors believe that maintaining the exclusive right
to file and solicit votes on a plan of reorganization is critical
to finalizing the largely consensual and value-maximizing
restructuring contemplated by the Plan.  Extending the exclusivity
periods will afford the Debtors and their stakeholders time to
confirm the Plan, finalize the transactions contemplated by the
Plan, and proceed toward emergence in an efficient, organized
fashion.  Given the broad support for the Plan, allowing minority
stakeholders to propose a competing plan of reorganization would
not add any value to these Chapter 11 cases.  Therefore, the
Debtors request a brief extension of the exclusivity period by
three months to allow the Debtors to focus on continuing to advance
the process and to preclude the costly disruption and instability
that would occur if competing plans were to be proposed, Ms. Jones
adds.

The Debtors are also represented by Colin R. Robinson, Esq., and
Joseph M. Mulvihill, Esq., at Pachulski Stang Ziehl & Jones LLP, in
Wilmington, Delaware; Edward O. Sassower, P.C., Esq., and Brian E.
Schartz, Esq., at Kirkland & Ellis LLP and Kirkland & Ellis
International LLP, in New York; and James H.M. Sprayregen, P.C.,
Esq., Justin R. Bernbrock, Esq., and Alexandra Schwarzman, Esq., at
Kirkland & Ellis LLP and Kirkland & Ellis International LLP, in
Chicago, Illinois.

                        About Magnum Hunter

Magnum Hunter Resources Corporation is an oil and gas company
headquartered in Irving, Texas that primarily is engaged in the
acquisition, development, and production of oil and natural gas
reserves in the United States.  MHRC and its affiliates own
interests in approximately 431,643 net acres in total and have
proved reserves with an industry value of approximately $234.5
million as of December 31, 2015.  In the aggregate, MHRC generated
approximately $391.5 million in revenue from their operations in
2014 and generated approximately $169.3 million in revenues from
their operations for the ten months ended October 31, 2015.

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

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

The U.S. Trustee has named three members to the Official Committee
of Unsecured Creditors.  The Committee retains Ropes & Gray LLP as
counsel, Cole Schotz P.C. as Delaware co-counsel, and Berkeley
Research Group, LLC as its financial advisor.

Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware has approved the disclosure statement explaining Magnum
Hunter Resources Corporation, et al.'s Second Amended Joint Chapter
11 Plan of Reorganization and scheduled the confirmation hearing
for March 31, 2016, at 11:00 a.m., prevailing Eastern time.


MEDIZONE INTERNATIONAL: Tanner LLC Raises Going Concern Doubt
-------------------------------------------------------------
Tanner LLC, in Salt Lake City, Utah, said Medizone International,
Inc., has incurred recurring losses which have resulted in a
significant accumulated deficit and deficit in stockholders'
equity.  Additionally, the Company has minimal cash and negative
working capital as of December 31, 2015.  These matters, among
others, raise substantial doubt about the Company's ability to
continue as a going concern.

Medizone International, Inc., said in its Annual Report on Form
10-K for the year ended December 31, 2015, that the Company has
significant losses since inception and an accumulated deficit of
$35,398,346 as of December 31, 2015.

"We were incorporated in January 1986. Our focus is in the field of
hospital disinfection.  During the year ended December 31, 2012, we
generated our first significant revenues from the sale of our
AsepticSure(R) hospital disinfection system.  We cannot predict
when or if we will generate sufficient cash flows from operating
activities to fund continuing or planned operations.  If we fail to
obtain additional funding, we will be forced to suspend or
permanently cease operations, and may need to seek protection under
U.S. bankruptcy laws," the Company said.

AsepticSure(R) is the name of the Company's patented ozone
disinfectant system for hospitals, long-term care facilities and
other critical infrastructure.  In the AsepticSure(R) system,
oxygen atoms are misted into the environment with a hydrogen
peroxide vapor.  The AsepticSure(R) formula creates Trioxidane,
which separates our system from other ozone systems.
AsepticSure(R) has repeatedly demonstrated a 6-log (99.9999%)
bactericidal kill inside an enclosed space without residual damage
to the room contents.

At Dec. 31, 2015, the Company had total assets of $1,235,660
against total liabilities of $3,804,894 and total stockholders'
deficit of $2,569,234.

The Company posted a net loss of $2,035,922 and revenues of
$197,000 for 2015.

A copy of the Company's Annual Report is available at
http://is.gd/kauCOl


MOLYCORP INC: Wells Fargo Granted Access to Unencumbered Cash
-------------------------------------------------------------
Molycorp, Inc., et al., won approval March 8, 2016, from Judge
Christopher S. Sontchi of a stipulation that resolves Wells Fargo
Bank, National Association's request for additional adequate
protection.

The stipulation was signed by the Debtors, the Official Committee
of Unsecured Creditors and Wells Fargo.  Wells Fargo serves as
collateral agent with respect to the collateral securing the
Debtors' obligations under certain 10% notes to UMB Bank, as
successor indenture trustee under the Indenture dated as of May 15,
2015.

The salient terms of the stipulation are:

  -- As additional adequate protection, Wells Fargo will have sole
access to the Debtors' unencumbered cash and be authorized to use
such funds for payment of reasonable expenses and fees of counsel,
and Wells Fargo will be entitled to and the Debtors are directed to
timely pay the reasonable and documented fees and expenses incurred
by Wells Fargo solely in its capacity as collateral agent up to an
amount equal to the unencumbered cash.

  -- To the extent that (i) the Court determines by a final order
that the unencumbered cash is not available to make payments to
Wells Fargo pursuant to the terms of the Stipulation or (ii) the
effective date of a Chapter 11 plan has not occurred for any Debtor
on or before April 8, 2016, Wells Fargo reserves its right to seek
full payment of its fees and expenses through additional adequate
protection or other means.

   -- Wells Fargo agrees to withdraw its motion for additional
adequate protection.

As reported in the Feb. 29, 2016 edition of the TCR, in its motion
seeking additional adequate protection and relief from the
automatic stay, Wells Fargo noted that the Court previously
determined that it was entitled to adequate protection of its
interests in collateral.  The Court ordered the Debtors to pay
timely the reasonable fees and expenses incurred by Wells Fargo,
including fees and expenses of counsel, in connection with
participating in the chapter 11 cases subject to a cap of $50,000
for any monthly period and a supplement of $100,000 in connection
with confirmation of any plan.  Wells Fargo, however, pointed out
that the caps were negotiated prior to, and without anticipating
that, the Committee would file an adversary complaint naming Wells
Fargo as a defendant and proceed with that litigation on an
expedited schedule such that all pre-trial pleadings, discovery,
trial preparation, and trial are condensed into a period of
approximately two months.  Accordingly, Wells Fargo, the collateral
agent under the prepetition credit facility, requested that the
Court enter an order granting it additional adequate protection in
the form of monthly payments from the Debtors sufficient to cover
all of its fees and expenses, including the fees and expenses of
counsel, incurred in connection with the litigation and, to the
extent of any shortfall in or failure to make timely adequate
protection payments.

Wells Fargo Bank is represented by:

          J. Cory Falgowski, Esq.
          REED SMITH LLP
          1201 Market Street, Suite 1500
          Wilmington, DE 19801
          Telephone: (302)778-7500
          Facsimile: (302)778-7575
          E-mail: jfalgowski@reedsmith.com

                 - and -

          Eric A. Schaffer, Esq.
          Roy W. Arnold, Esq.
          Luke A. Sizemore, Esq.
          REED SMITH LLP
          225 Fifth Avenue, Suite 1200
          Pittsburgh, PA 15222
          Telephone: (412)288-3131
          Facsimile: (412)288-3063
          E-mail: eschaffer@reedsmith.com
                  rarnold@reedsmith.com
                  lsizemore@reedsmith.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.  The Creditors
Commtitee tapped Ashby & Geddes, P.A. and Paul Hastings LLP as
attorneys.

                           *     *     *

Judge Christopher Sontchi in Delaware approved the disclosure
statement explaining the Debtors' Plan on Jan. 20, 2016, 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.


MOUNTAIN INVESTMENTS: Case Summary & 10 Unsecured Creditors
-----------------------------------------------------------
Debtor: Mountain Investments, LLC
           fdba WIS Holdings, LLC
           fdba Wealth Investment Solutions, LLC
        19024 Fieldstone Court
        Salinas, CA 93908

Case No.: 16-50906

Chapter 11 Petition Date: March 28, 2016

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

Judge: Hon. Stephen L. Johnson

Debtor's Counsel: Ralph P. Guenther, Esq.
                  DOUGHERTY & GUENTHER, APC
                  601 S Main St.
                  Salinas, CA 93901
                  Tel: (831)783-3440
                  E-mail: courts@tkdougherty.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael T. Noble, managing member.

A list of the Debtor's 10 largest unsecured creditors is available
for free at http://bankrupt.com/misc/canb16-50906.pdf


NEW GULF RESOURCES: Enbridge, et al., Object to Plan Confirmation
-----------------------------------------------------------------
Numerous parties, including Regiment Capital Ltd., Madison County,
Texas, KMMK Limited Family Partnership, et al., MD America Energy,
LLC, and Enbridge G & P (East Texas) L.P., object to the
confirmation of New Gulf Resources, LLC, et al.'s First Amended
Joint Plan of Reorganization.

The Debtors will seek confirmation of the Plan at a hearing
scheduled for April 11, 2016, at 10:00 a.m. (Eastern Time) before
the Honorable Brendan L. Shannon for the United States Bankruptcy
Court for the District of Delaware.

Regiment Capital, as a holder of the Debtors' 11.75% Senior Secured
Notes due 2019 and a holder of the Debtors' l0.0%/12.0% Senior
Subordinated PIK Toggle Notes due 2019, complained that a plan is
not fair and equitable when, over the dissent of a junior class of
creditors, a senior class of creditors is paid more than in full.
In this case, the Debtors' valuation and recovery projections, as
set forth in the Disclosure Statement, demonstrate that members of
the Ad Hoc Committee serving as DIP lænders and Backstop Parties
will most likely recover more than 100% of their postpetition
Claims, Regiment pointed out.

Regiment subsequently withdrew its confirmation objection subject
to the terms and conditions of the stipulation resolving
confirmation objection and related discovery between the Debtors
and Regiment.  In the stipulation, the Debtors and Regiment agreed
that Regiment will withdraw its Confirmation Objection and will not
file or raise any other objections to confirmation of the Plan, and
NGR will withdraw its Confirmation Discovery Requests, and not seek
additional discovery from Regiment with respect to any matters
related to confirmation of the Plan.

Enbridge complains that in their Plan, the Debtors are attempting
to reserve the right to reject executory contracts through the date
of the confirmation hearing.  Enbridge asks the Court to require
the Debtors to file, on notice to parties-in-interest, a definitive
list of contracts that they propose to reject not later than seven
days prior to the date on which objections to confirmation of their
Plan must be filed.

Madison County, Texas, which holds prepetition claims in the amount
of $64,801 for property taxes for tax years 2014 and 2015 on
Debtors property located in Madison County, complains that the Plan
fails to provide for the retention of Madison County's pre- and
post-petition liens on the collateral.  The Plan, according to
Madison County, should not be confirmed unless and until it
specifically provides for Madison County's pre- and post-petition
liens to remain on the collateral until the taxes are paid in
full as required by Section 1129.

CDM Resource Management LLC, ETC Texas Pipeline, Ltd., object to
the Debtors' Notice to Counterparties to Executory Contracts and
Unexpired Leases Potentially Being Assumed Under the Plan.

                Debtors File Plan Supplement

The Debtors, on March 24, filed a Second Plan Supplement, a
full-text copy of which is available at http://is.gd/FRygUK,to
include the following documents:

   * Description of Restructuring Transactions
   * Form of LLC Agreement of NGR Management Company LLC
   * Form of LLC Agreement of New Gulf Resources, LLC
   * Form of Amended and Restated Certificate of Formation of NGR
        Management Company LLC
   * Form of Operating Agreement of NGR Texas, LLC
   * Form of New Secured Notes Indenture
   * Form of Reorganized NGR Holding Management Incentive Plan
   * Managers/Directors and Officers of the Reorganized Debtors

The Debtors, on March 18, filed a Plan Supplement, a full-text copy
of which is available at http://is.gd/HZCdYP,to disclose the
following documents:

   * Schedule of Rejected Contracts
   * Description of Restructuring Transactions
   * Form of LLC Agreement of NGR Management Company LLC
   * Form of Operating Agreement of New Gulf Resources, LLC
   * Form of Charter of NGR Finance Corp.
   * Form of Operating Agreement of NGR Texas, LLC
   * Modification of "First Lien" Debt Basket for New First Lien
        Notes Being Offered in Rights Offering
   * Form of New First Lien Notes Indenture
   * Form of New ENXP Note
   * Form of Reorganized NGR Holding Management Incentive Plan
   * Managers/Directors and Officers of the Reorganized Debtors
   * Retained Causes of Action

Regiment is represented by:

         Richard S. Cobb, Esq.
         Kerri K. Mumford, Esq.
         Kimberly A. Brown, Esq.
         Travis J. Ferguson, Esq.
         LANDIS RATH & COBB LLP
         919 Market Street, Suite 1800
         Wilmington, DE 19801
         Telephone: (302) 467 -4400
         Facsimile: (302) 467 -4450
         Email: cobb@lrclaw.com
                mumford@lrclaw.com
                brown@lrclaw.com
                ferguson@lrclaw.com

            -- and --

         Andrew N. Rosenberg, Esq.
         Rebecca R. Cohen, Esq.
         Jeanne L. John, Esq.
         PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
         1285 Avenue of the Americas
         New York, NY 10019
         Telephone: (212) 373-3000
         Facsimile: (2L2) 757 -3990
         Email: arosenberg@paulweiss.com
                rcohen@paulweiss.com
                jjohn@paulweiss.com

Enbridge is represented by:

         Joseph H. Huston, Jr., Esq.
         STEVENS & LEE, P.C.
         919 Market Street, Suite 1300
         Wilmington, DE 19801
         Phone: 302-425-3310
         Fax: 610-371-7972
         Email: jhh@stevenslee.com

            -- and --

         Mark S. Finkelstein, Esq.
         SHANNON,MARTIN, FINKELSTEIN, ALVARADO & DUNNE, P.C.
         1001 McKinney Street, Suite 1100
         Houston, TX 77002
         Phone: 713-646-5503
         Fax: 713-752-0337
         Email: mfinkelstein@smfadlaw.com

Madison County is represented by:

         John P. Dillman, Esq.
         Tara L. Grundemeier, Esq.
         LINEBARGER GOGGAN BLAIR & SAMPSON, LLP
         Post Office Box 3064
         Houston, TX 77253-3064
         Tel: (713) 844-3478
         Fax: (713) 844-3503
         Email: john.dillman@lgbs.com
                tara.grundemeier@lgbs.com

CDM and ETC are represented by John D. Demmy, Esq. --
jdd@stevenslee.com -- at STEVENS & LEE, P.C., in Wilmington,
Delaware; and John F. Higgins, Esq. -- jhiggins@porterhedges.com --
at Porter Hedges LLP, in Houston, Texas.

                     About New Gulf Resources

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

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

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


NEW GULF: Judge Approves Settlement with Energy & Exploration
-------------------------------------------------------------
Tom Corrigan, writing for Dow Jones' Daily Bankruptcy Review,
reported that bankruptcy judges in Texas and Delaware on March 29
signed off on a key settlement between Energy & Exploration
Partners Inc. and New Gulf Resources LLC, ending a legal battle
that has dogged the two companies.

New Gulf and ENXP, which are parties to two joint operating
agreements, agreed that the JOAs will be assumed by New Gulf and
ENXP in their chapter 11 cases.  ENXP agreed to release and agreed
not to sue Enbridge in relation to the claims underlying the
Midstream Litigation.  ENXP will also release a lis pendens filed
against the midstream assets, which New Gulf sold to Enbridge in
February 2015.  In exchange, the settlement
contemplates that Enbridge would instruct the escrow agent to
release to New Gulf approximately $6 million held in a
pre-bankruptcy escrow to secure New Gulf's indemnification
obligations to Enbridge in respect of the Midstream Litigation.

New Gulf agrees to pay ENXP, from the funds released from escrow,
an amount equal to $3 million, less a reserve that will be held by
New Gulf to fund ENXP's share of the cost of certain specified
lease elections that ENXP may make under the JOAs.  New Gulf agrees
to waive its secured claim in ENXP's cases of approximately $3.086
million, for ENXP's unpaid share of drilling costs.

New Gulf and ENXP will exchange broad, mutual releases.  ENXP's
proofs of claim against New Gulf will be released, withdrawn with
prejudice and expunged from New Gulf's claims register.  New Gulf's
proof of claim against ENXP will be released, withdrawn with
prejudice and expunged from ENXP's claims register.

The parties will jointly cause the dismissal with prejudice of the
Midstream Litigation and the Texas State Court Actions. New Gulf
and ENXP also agree to not object to each other's chapter 11 plans,
pursue other pending contested matters, and to stay a pending
declaratory action filed by ENXP in New Gulf's chapter 11 case to
determine the relative priority of ENXP's lien under the JOAs.
ENXP and New Gulf further agree not to seek to prime the other's
lien under the JOAs in their respective chapter 11 cases.

According to the DBR report, following a March 29 hearing, Judge
Russell Nelms of the U.S. Bankruptcy Court in Fort Worth, Texas.
Judge Brendan Shannon, who is overseeing New Gulf's chapter 11
case, approved the settlement on March 28, the report said.

New Gulf's counsel, Justin P. Duda, Esq., at Young Conaway Stargatt
& Taylor, LLP, in Wilmington, Delaware, filed a certification of
counsel stating that on March 29, 2016, the Delaware Court held a
hearing on the Settlement Motion and stated on the record that it
would approve the Settlement Agreement, pending the New Gulf
Debtors' submission of a form of order following the March 29, 2016
hearing to approve the Settlement
Agreement in the ENXP Debtors' Chapter 11 cases in Texas.

Halcon Resources Corporation, on behalf of itself, Halcon Energy
Properties, Inc. (f/k/a RWG Energy, Inc.), and Halcon Operating
Co., Inc., objected to the settlement, complaining that although it
was likely not intentional, the ENXP Debtors ask that the Court
enter a proposed 9019 settlement order that could be interpreted to
negatively impact the claim filed in these cases by Halcon, an
entity not involved in any of the settlement discussions or even
aware of the extent of the disputes between ENXP and New Gulf until
the emergency filing of the Settlement Motion.  Halcon was
previously a party to these same JOAs and filed a proof of claim,
relating to amounts due to it under the JOAs.  The proposed order
should be revised to provide that Halcon's claim and rights will be
preserved and not impacted by the terms of the settlement, Halcon
said.  Otherwise, Halcon told the Court has no objections to the
Settlement Motion.

The New Gulf Debtors are represented by M. Blake Cleary, Esq., and
Ryan M. Bartley, Esq., at Young Conaway Stargatt & Taylor, LLP, in
Wilmington, Delaware; and James R. Prince, Esq., C. Luckey
McDowell, Esq., Ian E. Roberts, Esq., and Meggie S. Gilstrap, Esq.,
at Baker Botts, L.L.P., in Dallas, Texas.

The ENXP Debtors are represented by William A. (Trey) Wood III,
Esq., at Bracewell LLP, in Houston, Texas; and Jennifer Feldsher,
Esq., and Rachel Goldman, Esq., at Bracewell LLP, in New York.

Halcon is represented by:

         Duston K. McFaul, Esq.
         SIDLEY AUSTIN LLP
         1000 Louisiana Street, Suite 6000
         Houston, TX 77002
         Telephone: (713) 495-4500
         Facsimile: (713) 495-7799
         Email: dmcfaul@sidley.com

            -- and --

         Matthew E. Linder, Esq.
         SIDLEY AUSTIN LLP
         One South Dearborn Street
         Chicago, IL 60603
         Telephone: (312) 853-7000
         Facsimile: (312) 853-7036
         Email: mlinder@sidley.com

                     About New Gulf Resources

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

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

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

                           *     *     *

Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the
District of Delaware on Feb. 4, 2016, approved the disclosure
statement explaining New Gulf Resources, LLC, et al.'s First
Amended Joint Plan of Reorganization and scheduled the
confirmation
hearing for April 11, 2016, at 10:00 a.m. (prevailing Eastern
Time).

                   About Energy & Exploration

Energy & Exploration Partners, Inc., Energy & Exploration
Partners, LLC and Energy & Exploration Partners Operating GP, LLC
filed Chapter 11 bankruptcy petitions (Bankr. N.D. Tex. Proposed
Lead Case No. 15-44931) on Dec. 7, 2015.  John R. Castellano
signed
the petition as interim chief financial officer.  Judge Russell F.
Nelms has been assigned the case.

The Debtors own approximately 61,323 net acres in Texas and
Wyoming.  In Texas, the Debtors' operations are located throughout
Madison, Grimes, Leon, Houston and Walker Counties, where the
Debtors are pursuing opportunities in the Buda-Rose stacked
comingled play, the Woodbine sandstone, the Eagle Ford shale and
other stacked formations in the region.  As of the Petition Date,
the Debtors employ approximately 59 people across their various
operations.

The Debtors have engaged Bracewell & Giuliani, LLP as counsel,
Evercore Group LLC as financial advisor, AP Services, LLC as
restructuring advisor, Ernst & Young as tax advisor, Hein &
Associates as independent auditor and Prime Clerk LLC as notice,
claims and balloting agent.

                     *     *     *

Under Energy & Exploration Partners, Inc., et al.'s First Amended
Plan of Reorganization, holders of Class 5 - General Unsecured
Claims are projected to recover 4.6% of their total  allowed
claims.  The Debtors, on the Effective Date, will transfer
$2,250,000 to the Creditor Trust, which amount will be used to (a)
administer the Credit Trust Assets for the benefit of Holders of
Allowed General Unsecured Claims and pay all Creditor Trust
Expenses; and (b) to fund distributions to Holders of Class A
Interests.


NEWBURY COMMON ASSOCIATES: Add'l Debtors Seek Schedules Extension
-----------------------------------------------------------------
Newbury Common Member Associates, LLC, et al., ("Additional
Debtors") ask the U.S. Bankruptcy Court for the District of
Delaware to extend their time to file their schedules and
statements of financial affairs by 30 days, for a total of 60 days
after the Petition Date.

The Additional Debtors, with the exception of 88 Hamilton Avenue
Associates, LLC, each commenced a voluntary case under chapter 11
of the Bankruptcy Code on February 3, 2016.  88 Hamilton commenced
its voluntary case under chapter 11 of the Bankruptcy Code the
following day, February 4, 2016.  The Additional Debtors, with the
exclusion of 88 Hamilton, seek an extension through April 3, 2016.
88 Hamilton seeks an extension through April 4, 2016.

The Additional Debtors submit that cause exists to extend their
time to file the Schedules and Statements.  They contend that
despite the extensive efforts that their management and other
professionals have devoted towards preparations for filing the
chapter 11 cases, while simultaneously working on the Original
Debtors' chapter 11 cases, the Additional Debtors have been unable
to compile all of the information required to complete the
Schedules and Statements.  The Additional Debtors further contend
that given the urgency with which the Additional Debtors sought
chapter 11 relief and the numerous critical operational matters
that their employees must address in the early days of the chapter
11 cases, the Additional Debtors will not be in a position to
complete the Schedules and Statements by the Schedules Deadline.

The Additional Debtors' Motion is scheduled for hearing on April 4,
2016 at 10:00 a.m.

                  About Newbury Common Associates

Newbury Common Associates, LLC, et al., comprise a corporate
enterprise that owns a diverse portfolio of high quality,
distinctive commercial, hospitality and residential properties with
an aggregate of approximately 800,000 square feet located primarily
in Stamford, Connecticut.

On Dec. 13, 2015, Newbury Common Associates, LLC, and 13 affiliates
each commenced a voluntary case (Bankr. D. Del. Lead Case No.
15-12507) under chapter 11 of the Bankruptcy Code, and on Dec. 14,
Tag Forest LLC commenced a Chapter 11 case (collectively, "Original
Debtors").  On Feb. 3, 2016, Newbury Common Member Associates, LLC
and 8 affiliates commenced a voluntary case under chapter 11 of the
Bankruptcy Code; and then on Feb. 4, 88 Hamilton Avenue Associates,
LLC filed a Chapter 11 petition (collectively "Additional
Debtors").

Seaboard Realty, LLC, its principals or entities it manages serve
as the manager under the operating agreements for each of the
Debtors and is owned 50% by John J. DiMenna, Jr., 25% by Thomas L.
Kelly, Jr. and 25% by William A. Merritt, Jr.  The Original
Debtors other than Seaboard Residential, LLC, Tag, and Newbury
Common Associates, LLC, are holding companies whose assets are
substantially comprised of the equity of the Property Owner
Debtors.  The Debtors' eight operating property are owned by the
"Property Owner Debtors", namely Century Plaza Investor Associates,
LLC; Seaboard Hotel Associates, LLC; Seaboard Hotel LTS Associates,
LLC; Park Square West Associates, LLC; Clocktower Close Associates,
LLC; One Atlantic Investor Associates, LLC; 88 Hamilton Avenue
Associates, LLC; 220 Elm Street I, LLC; 300 Main Street Associates,
LLC; and Seaboard Residential, LLC.

The Original Debtors' chapter 11 cases are being jointly
administered pursuant to an order entered Dec. 18, 2015.  The
Debtors later won approval of a supplemental motion seeking joint
administration of the Additional Debtors' Chapter 11 cases with
the cases of the Original Debtors for procedural purposes only.

As of Jan. 7, 2016, the Debtors had incurred purported aggregate
funded secured indebtedness of approximately $177.2 million in
principal, including approximately $150.4 million of
property-level
secured debt and approximately $26.8 million of purported and
allegedly unauthorized mezzanine debt.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, and
Dechert LLP as attorneys, and Donlin Recano as claims and noticing
agent.


NEWBURY COMMON ASSOCIATES: Opposes Case Transfer to Connecticut
---------------------------------------------------------------
Newbury Common Associates, LLC, et al. and the Connecticut Housing
Finance Authority filed with the U.S. Bankruptcy Court for the
District of Delaware, their objections to the motion filed by
Patriot Bank, N.A., seeking the transfer of venue of the Chapter 11
cases to the U.S. Bankruptcy Court for the District of
Connecticut.

In opposing the transfer, the Debtor point out that they are
engaged in negotiations with key parties, including their mortgage
lenders, investors, and third parties, in an effort to achieve
success, and none of these parties have indicated a desire to
transfer venue or joined Patriot Bank in seeking to transfer the
venue of the cases.  The Debtors added 10 of the 25 Debtors in the
cases are Delaware limited liability companies, nine of which hold
all of the Debtors' real estate assets, and they have chosen to
file in Delaware, as is their right.

The Debtors assert that stabilization of their estates is of
paramount importance to the success of the chapter 11 cases.  They
tell the Court that transferring venue at this critical stage would
derail the efforts and progress being made by Debtors, increase
administrative costs in a case that currently has no funding for
restructuring costs, and unnecessarily burden the court to which it
would be transferred.  The Debtors further tell the Court that
transferring venue at this juncture could result in dozens of
motions to lift the stay by the mortgage lenders and security
interest holders to proceed with foreclosure proceedings, which
would almost certainly destroy any and all equity in the Debtors'
properties.

The Connecticut Housing Finance Authority ("CHFA") avers that if
transferred, the cases would most likely be assigned to the
Bankruptcy Court's Bridgeport Division, which has a single judicial
seat that is currently vacant following the retirement of Judge
Alan H.W. Schiff at the end of 2015.  It further avers that the
Bridgeport docket is currently being handled by Chief Judge Carla
Craig and Judge Alan Trust from the Eastern District of New York.
CHFA relates that the judges are presiding over the Bridgeport
docket via remote videoconference, which, although necessary and
workable as a temporary solution to the judicial vacancy, has been
neither convenient nor efficient for the parties or attorneys
preparing before the court in Bridgeport.  It further relates that
when the permanent seat in Bridgeport is filled, the docket will
undergo a second transition, from the two New York judges to Judge
Schiff's replacement, which would require yet a third judge to
become familiar with the complex set of cases.  CHFA adds that
because the two temporary judges are from New York, it is not the
case that the court in Bridgeport is, at this time, more familiar
with Connecticut law than the Court in Delaware.

CHFA tells the Court that moving the cases at this stage of the
proceedings, from the District of Delaware to Connecticut, where
they will be handled by a judge from New York on a temporary basis,
and then re-assigned again when the Bridgeport vacancy is filled,
would be antithetical to the venue statute's direction that any
transfer serve "the interest of justice or the convenience of the
parties."

Newbury Common Associates, LLC and its affiliated debtors are
represented by:

          Robert S. Brady, Esq.
          Sean T. Greecher, Esq.
          Maris J. Kandestin, Esq.
          Elizabeth S. Justison, Esq.
          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          1000 North King Street
          Wilmington, DE 19801
          Telephone: (302)571-6600
          Facsimile: (302)571-1253
          E-mail: rbrady@ycst.com
                 sgreecher@ycst.com
                 mkandestin@ycst.com
                 ejustison@ycst.com

The Connecticut Housing Finance Authority is represented by:

          Kerri K. Mumford, Esq.
          Kimberly A. Brown, Esq.
          LANDIS RATH & COBB LLP
          919 Market Street, Suite 1800
          Wilmington, DE 19801
          Telephone: (302)467-4400
          Facsimile: (302)467-4450
          E-mail: mumford@lrclaw.com
                 brown@lrclaw.com

                 - and -


          James T. Tancredi, Esq.
          Joshua W. Cohen, Esq.
          DAY PITNEY LLP
          242 Trumbull Street
          Hartford, CT 06103
          Telephone: (860)275-0100
          Facsimile: (860)275-0343
          E-mail: jjtancredi@daypitney.com
                 jwcohen@daypitney.com

                  About Newbury Common Associates

Newbury Common Associates, LLC, et al., comprise a corporate
enterprise that owns a diverse portfolio of high quality,
distinctive commercial, hospitality and residential properties with
an aggregate of approximately 800,000 square feet located primarily
in Stamford, Connecticut.

On Dec. 13, 2015, Newbury Common Associates, LLC, and 13 affiliates
each commenced a voluntary case (Bankr. D. Del. Lead Case No.
15-12507) under chapter 11 of the Bankruptcy Code, and on Dec. 14,
Tag Forest LLC commenced a Chapter 11 case (collectively, "Original
Debtors").  On Feb. 3, 2016, Newbury Common Member Associates, LLC,
and 8 affiliates commenced a voluntary case under chapter 11 of the
Bankruptcy Code; and then on Feb. 4, 88 Hamilton Avenue Associates,
LLC filed a Chapter 11 petition (collectively "Additional
Debtors").

Seaboard Realty, LLC, its principals or entities it manages serve
as the manager under the operating agreements for each of the
Debtors and is owned 50% by John J. DiMenna, Jr., 25% by Thomas L.
Kelly, Jr. and 25% by William A. Merritt, Jr.  The Original
Debtors other than Seaboard Residential, LLC, Tag, and Newbury
Common Associates, LLC, are holding companies whose assets are
substantially comprised of the equity of the Property Owner
Debtors.  The Debtors' eight operating property are owned by the
"Property Owner Debtors", namely Century Plaza Investor Associates,
LLC; Seaboard Hotel Associates, LLC; Seaboard Hotel LTS Associates,
LLC; Park Square West Associates, LLC; Clocktower Close Associates,
LLC; One Atlantic Investor Associates, LLC; 88 Hamilton Avenue
Associates, LLC; 220 Elm Street I, LLC; 300 Main Street Associates,
LLC; and Seaboard Residential, LLC.

The Original Debtors' chapter 11 cases are being jointly
administered pursuant to an order entered Dec. 18, 2015.  The
Debtors later won approval of a supplemental motion seeking joint
administration of the Additional Debtors' Chapter 11 cases with
the cases of the Original Debtors for procedural purposes only.

As of Jan. 7, 2016, the Debtors had incurred purported aggregate
funded secured indebtedness of approximately $177.2 million in
principal, including approximately $150.4 million of property-level
secured debt and approximately $26.8 million of purported and
allegedly unauthorized mezzanine debt.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, and
Dechert LLP as attorneys, and Donlin Recano as claims and noticing
agent.


NEWBURY COMMON ASSOCIATES: PUB Wants 220 Elm's Case Dismissed
-------------------------------------------------------------
People's United Bank ("PUB") asks the U.S. Bankruptcy Court for the
District of Delaware to dismiss the bankruptcy case of jointly
administered Debtor 220 Elm Street I, LLC.

PUB is the sole secured creditor of the single-asset debtor 220 Elm
Street I, LLC.

PUB relates that 220 Elm I is a 50% tenant in common with respect
to a solvent, financially healthy single asset real estate entity
with few creditors, limited debt, and no genuine need of
restructuring or rehabilitation.  PUB further relates that 220 Elm
I's bankruptcy filing does not appear to be motivated by a genuine
bankruptcy purpose relating to its bankruptcy estate.  It adds that
220 Elm I's presence as a Title 11 debtor among some 25 jointly
administered, related Title 11 debtors is plainly circulated to
provide restructuring capital and administrative expense funding
for those other entities, to the clear detriment of 220 Elm I's
creditors, interest holders, and co-tenant in common.  PUB asserts
that 220 Elm I's bankruptcy filing should be dismissed for lack of
good faith pursuant to 11 U.S.C. Section 1112(b).

PUB tells the Court that 220 Elm I cannot legally bind its
non-debtor co-tenant in common, 220 Elm Street II LLC, to 220 Elm
I's proposed use of the estate's property, or to any proposed
restructuring, without the consent of that co-tenant in common.
PUB further tells the Court that there is no evidence that 220 Elm
II, which did not even participate in filing the bankruptcy case
purporting to affect its co-owned primary asset, consents to any of
220 Elm I's proposals for use of their co-owned property.  PUB
asserts that this constitutes a separate and legally independent
ground for dismissal of the case for cause under 11 U.S.C. Section
1112(b).

People's United Bank is represented by:

          Raymond H. Lemisch, Esq.
          KLEHR HARRISON HARVEY BRANZBURG LLP
          919 Market Street, Suite 1000
          Wilmington, DE 19801
          Telephone: (302)552-5530
          Facsimile: (302)426-9193
          E-mail: rlemisch@klehr.com

                 - and -

          Douglas S. Skalka, Esq.
          James C. Graham, Esq.
          NEUBERT PEPE & MONTIETH, PC
          195 Church St., 13th Floor
          New Haven, CT 06510
          Telephone: (203)821-2000
          E-mail: dskalka@npmlaw.com
                 jgraham@npmlaw.com

                  About Newbury Common Associates

Newbury Common Associates, LLC, et al., comprise a corporate
enterprise that owns a diverse portfolio of high quality,
distinctive commercial, hospitality and residential properties with
an aggregate of approximately 800,000 square feet located primarily
in Stamford, Connecticut.

On Dec. 13, 2015, Newbury Common Associates, LLC, and 13 affiliates
each commenced a voluntary case (Bankr. D. Del. Lead Case No.
15-12507) under chapter 11 of the Bankruptcy Code, and on Dec. 14,
Tag Forest LLC commenced a Chapter 11 case (collectively, "Original
Debtors").  On Feb. 3, 2016, Newbury Common Member Associates, LLC
and 8 affiliates commenced a voluntary case under chapter 11 of the
Bankruptcy Code; and then on Feb. 4, 88 Hamilton Avenue Associates,
LLC filed a Chapter 11 petition (collectively "Additional
Debtors").

Seaboard Realty, LLC, its principals or entities it manages serve
as the manager under the operating agreements for each of the
Debtors and is owned 50% by John J. DiMenna, Jr., 25% by Thomas L.
Kelly, Jr. and 25% by William A. Merritt, Jr.  The Original
Debtors other than Seaboard Residential, LLC, Tag, and Newbury
Common Associates, LLC, are holding companies whose assets are
substantially comprised of the equity of the Property Owner
Debtors.  The Debtors' eight operating property are owned by the
"Property Owner Debtors", namely Century Plaza Investor Associates,
LLC; Seaboard Hotel Associates, LLC; Seaboard Hotel LTS Associates,
LLC; Park Square West Associates, LLC; Clocktower Close Associates,
LLC; One Atlantic Investor Associates, LLC; 88 Hamilton Avenue
Associates, LLC; 220 Elm Street I, LLC; 300 Main Street Associates,
LLC; and Seaboard Residential, LLC.

The Original Debtors' chapter 11 cases are being jointly
administered pursuant to an order entered Dec. 18, 2015.  The
Debtors later won approval of a supplemental motion seeking joint
administration of the Additional Debtors' Chapter 11 cases with
the cases of the Original Debtors for procedural purposes only.

As of Jan. 7, 2016, the Debtors had incurred purported aggregate
funded secured indebtedness of approximately $177.2 million in
principal, including approximately $150.4 million of
property-level
secured debt and approximately $26.8 million of purported and
allegedly unauthorized mezzanine debt.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, and
Dechert LLP as attorneys, and Donlin Recano as claims and noticing
agent.


NEWBURY COMMON ASSOCIATES: SHA Objects to Bank's Dismissal Motion
-----------------------------------------------------------------
Debtor Seaboard Hotel Associates, LLC ("SHA") objected to Webster
Bank, National Association's motion asking the U.S. Bankruptcy
Court for the District of Delaware to dismiss SHA's bankruptcy
case.

SHA is wholly owned by Debtor Seaboard Hotel Member Associates, LLC
("SH Member").  SH Member, in turn, is owned (i) 25% by Debtor
Seaboard Realty, LLC ("Seaboard Realty"), its managing member, and
(ii) 75% by several individual members with interests ranging from
0.18392% to 7.35691%.

SHA has a ground lease for The Courtyard by Marriott Stamford, CT
("Courtyard Hotel"), which it operates pursuant to a franchise
agreement with Marriott International, Inc. ("Marriott").  The
Courtyard Hotel is managed by Urgo Hotels, LLP ("Urgo"), an
unaffiliated third party.  Urgo serves as property manager for the
Courtyard Hotel.  Urgo reports to, and takes direction from, SHA,
subject to (i) the underlying management agreement between SHA and
Urgo ("Courtyard Management Agreement") and (ii) the franchise
agreement between SHA and Marriott ("Courtyard Franchise
Agreement").

SHA is the borrower under a prepetition commercial loan from
Webster Bank, which is secured by a mortgage in SHA's ground lease
for the Courtyard Hotel.  The balance of the loan as of SHA's
bankruptcy petition date was approximately $17.464 million, and the
loan matures by its terms on May 1, 2016, subject to SHA's right to
renew the loan for an additional term of five years, provided there
has not been any event of default.  In connection with this loan,
SH Member and Seaboard Realty provided a limited indemnity in favor
of Webster Bank.

SHA asserts that it filed its petition in good faith as it was in
financial distress and filed for a valid bankruptcy purpose.  SHA
relates that its cash on hand as of the bankruptcy filing date was
$800 and that even if the Courtyard Hotel is worth $29 million and
generates $162,600 of net cash flow per month, it is clear that SHA
cannot pay off the loan to Webster Bank when it matures in two
months, absent a sale of its ground lease for the Courtyard Hotel,
or the refinancing or restructuring of the loan.

SHA contends that Webster Bank has failed to make a prima facie
case for "cause" for dismissal under Section 1112(b).  It further
contends that Webster Bank simply relied on SHA's assertion of an
equity cushion in connection with its request to use cash
collateral as proof positive that SHA is "solvent" and, therefore,
"not in need of reorganization."

                  About Newbury Common Associates

Newbury Common Associates, LLC, et al., comprise a corporate
enterprise that owns a diverse portfolio of high quality,
distinctive commercial, hospitality and residential properties with
an aggregate of approximately 800,000 square feet located primarily
in Stamford, Connecticut.

On Dec. 13, 2015, Newbury Common Associates, LLC, and 13 affiliates
each commenced a voluntary case (Bankr. D. Del. Lead Case No.
15-12507) under chapter 11 of the Bankruptcy Code, and on Dec. 14,
Tag Forest LLC commenced a Chapter 11 case (collectively, "Original
Debtors").  On Feb. 3, 2016, Newbury Common Member Associates, LLC
and 8 affiliates commenced a voluntary case under chapter 11 of the
Bankruptcy Code; and then on Feb. 4, 88 Hamilton Avenue Associates,
LLC filed a Chapter 11 petition (collectively "Additional
Debtors").

Seaboard Realty, LLC, its principals or entities it manages serve
as the manager under the operating agreements for each of the
Debtors and is owned 50% by John J. DiMenna, Jr., 25% by Thomas L.
Kelly, Jr. and 25% by William A. Merritt, Jr.  The Original
Debtors other than Seaboard Residential, LLC, Tag, and Newbury
Common Associates, LLC, are holding companies whose assets are
substantially comprised of the equity of the Property Owner
Debtors.  The Debtors' eight operating property are owned by the
"Property Owner Debtors", namely Century Plaza Investor Associates,
LLC; Seaboard Hotel Associates, LLC; Seaboard Hotel LTS Associates,
LLC; Park Square West Associates, LLC; Clocktower Close Associates,
LLC; One Atlantic Investor Associates, LLC; 88 Hamilton Avenue
Associates, LLC; 220 Elm Street I, LLC; 300 Main Street Associates,
LLC; and Seaboard Residential, LLC.

The Original Debtors' chapter 11 cases are being jointly
administered pursuant to an order entered Dec. 18, 2015.  The
Debtors later won approval of a supplemental motion seeking joint
administration of the Additional Debtors' Chapter 11 cases with
the cases of the Original Debtors for procedural purposes only.

As of Jan. 7, 2016, the Debtors had incurred purported aggregate
funded secured indebtedness of approximately $177.2 million in
principal, including approximately $150.4 million of
property-level
secured debt and approximately $26.8 million of purported and
allegedly unauthorized mezzanine debt.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, and
Dechert LLP as attorneys, and Donlin Recano as claims and noticing
agent.


NII HOLDINGS: Default Under Brazil Bank Loan Covenant Looms
-----------------------------------------------------------
NII Holdings, Inc. on June 19, 2015, won confirmation of the First
Amended Joint Plan of Reorganization Proposed by the Plan Debtors
and the Official Committee of Unsecured Creditors, and on June 26,
2015, emerged from the Chapter 11 proceedings.  KPMG LLP in McLean,
Virginia, audited the consolidated balance sheets of NII Holdings
and subsidiaries as of December 31, 2015 (Successor) and December
31, 2014 (Predecessor), and the related consolidated statements of
comprehensive (loss) income, changes in stockholders' equity
(deficit), and cash flows for the six month periods ended December
31, 2015 (Successor) and June 30, 2015 (Predecessor) and for the
year ended December 31, 2014 (Predecessor).  KPMG said the Company
is unlikely to satisfy a financial covenant included in Nextel
Brazil's local bank loans and the existence of cross default
provisions included in Nextel Brazil's equipment financing facility
raise substantial doubt about the Company's ability to continue as
a going concern.

     (A) Brazil Bank Loans

NII Holdings, which filed its Annual Report on Form 10-K with the
U.S. Securities and Exchange Commission early this month, disclosed
that in December 2011, Nextel Telecomunicacoes Ltda., or Nextel
Brazil, borrowed the equivalent of $341.2 million from a Brazilian
bank and utilized the proceeds of this borrowing to repay a portion
of the unpaid purchase price relating to the spectrum it acquired
in June 2011.  Because this loan is denominated in Brazilian reais,
the payments for principal and interest will fluctuate in U.S.
dollars based on changes in the exchange rate of the Brazilian real
relative to the U.S. dollar.  In October 2012, Nextel Brazil
entered into an additional Brazilian real-denominated bank loan
agreement, under which Nextel Brazil borrowed the equivalent of
approximately $196.9 million.

According to NII Holdings, as of the December 31, 2014 measurement
date, the Company was not in compliance with the net debt financial
covenant included in each of Nextel Brazil's outstanding local bank
loans.  In February 2015, Nextel Brazil and the lenders providing
the local bank loans entered into standstill agreements under which
the lenders agreed that they would not seek remedies under the
provisions of the agreements related to Nextel Brazil's failure to
satisfy the financial covenants in the loan agreements in the
period before September 15, 2015 and that further principal
repayment obligations due between the signing date and September
15, 2015 would be suspended.  

In addition, the standstill agreements formally committed the
lenders to sign further amendments to the terms of the local bank
loans. Among other things, the amendments revised the financial
covenants and principal repayment schedule for the loans, granted
the lenders a security interest over amounts held in certain
collection accounts maintained with each lender and increased the
interest margin on the loans from approximately 115% of the local
Brazilian borrowing rate to approximately 140% of this local rate.


Certain of these amendments were implemented in connection with the
standstill agreements and the remainder became effective in
connection with NII Holdings' emergence from Chapter 11
proceedings.  Subsequent to the amendments, both of these loan
agreements have floating interest rates equal to 139.54% of the
local Brazilian borrowing rate (19.74% as of December 31, 2015),
have monthly repayment terms beginning in June 2016 and a final
maturity of October 2019.

The amendments provided for a "covenant holiday" through December
31, 2015, during which time the Company was not required to comply
with the financial covenants outlined in Nextel Brazil's local bank
loan agreements.  Going forward, Nextel Brazil must maintain a net
debt to earnings before interest, taxes, depreciation and
amortization, or EBITDA, ratio over the trailing 12 months of no
greater than:

     4.0 as of June 30, 2016,
     3.5 as of December 31, 2016 and
     2.5 as of June 30, 2017 and on each six-month
         anniversary thereafter.

"In connection with our emergence from Chapter 11, we made a number
of changes within our senior management team and modified our
business plan to reflect our available cash resources and the
impact of the current and expected economic and competitive
conditions in Brazil on both our subscriber growth and revenues,
and to align our costs with this revised outlook. Based on our
current business plan, we believe that it is unlikely that we will
satisfy the applicable financial covenant included in both of
Nextel Brazil's local bank loan agreements at the June 30, 2016
measurement date," NII Holdings said.

"If we are unable to develop or implement changes to our business
that allow us to meet this covenant, we will need to refinance or
negotiate amendments to these financing arrangements or secure
waivers from the lenders in order to avoid a potential default
under the loan agreements. If a default occurs, the lenders could
require us to repay the amounts outstanding under these
arrangements."

As of December 31, 2015, the Company had $233.8 million principal
amount outstanding under Nextel Brazil's local bank loans.

     (B) Brazil Equipment Financing Facility

In April 2012, Nextel Brazil entered into a U.S. dollar-denominated
loan agreement with the China Development Bank, under which Nextel
Brazil was able to borrow up to $500.0 million to finance
infrastructure equipment and certain other costs related to the
deployment of its WCDMA network. A portion of this financing has a
floating interest rate based on LIBOR plus 2.90% (3.75% and 3.16%
as of December 31, 2015 and 2014, respectively), and the remainder
of this financing has a floating interest rate based on LIBOR plus
1.80% (2.65% and 2.06% as of December 31, 2015 and 2014,
respectively).

The financing is guaranteed by NII Holdings and may limit the
Company's ability to pay dividends and other upstream payments.
Loans under this agreement have a three-year borrowing period, a
seven-year repayment term that began in August 2015 and a final
maturity of June 2022. Assets purchased using the amounts borrowed
under Nextel Brazil's equipment financing facility are pledged as
collateral.

In December 2014, Nextel Brazil and the lender under the equipment
financing facility agreed to amend this facility to remove all
financial covenants beginning with the December 31, 2014
measurement date through the June 30, 2017 measurement date so that
the first measurement date under the amended facility will be
December 31, 2017. In exchange for that covenant relief, Nextel
Brazil granted the lender preferential rights to the amounts held
in certain bank accounts.

"Because of the uncertainty regarding our ability to meet the
financial covenant contained in Nextel Brazil's local bank loans
and certain cross-default provisions that are included in the loan
agreement under Nextel Brazil's equipment financing facility, we
have continued to classify the amount outstanding under this
facility as a current liability in our consolidated balance sheet
as of December 31, 2015," NII Holdings said.

As of December 31, 2015, the Company had $342.5 million in
principal amount outstanding under Nextel Brazil's equipment
financing facility.  The Company does not have the ability to
borrow additional amounts under this equipment financing facility.

Following the sales of its operations in Mexico and Argentina, NII
Holdings now operates only in Brazil.  The Company provides
wireless communication services under the Nextel(TM) brand in
Brazil, competing with rivals like Vivo, which is owned by Spain's
Telefonica and has the largest market share in the Sao Paulo
metropolitan area and Rio de Janeiro; Claro, which is controlled by
Mexico's America Movil; Telecom Italia Mobile, or TIM, a subsidiary
of Italy's Telecom Italia; and TNL PCS S.A., a subsidiary of
Telemar Norte Leste, Brazil's largest wireline incumbent, that
offers its services under the brand name "Oi."

NII Holdings noted that during 2015, the Brazilian economy
contracted as domestic demand decreased due to a combination of
high inflation, high interest rates, growing unemployment, tighter
credit conditions, a decline in business investments and political
issues. According to reports issued by the International Monetary
Fund, or the IMF, it is estimated that Brazil's gross domestic
product, or GDP, fell about 3.7% in 2015 compared to the end of
2014, and most economic forecasts for 2016 currently project
continued economic contraction. The unemployment rate in Brazil was
almost 7% at the end of 2015 and is expected to reach 9% in 2016.
Real wages in Brazil have been falling since March 2015 and are
expected to continue to fall. The foreign currency exchange rate in
Brazil declined 42% relative to the U.S. dollar from 2014 to 2015.
These economic conditions are affecting the wireless
telecommunications industry in Brazil, leading to lower customer
credit and pressure on customer demand, pricing and customer
turnover.

NII Holdings disclosed that as of December 31, 2015, the Company
had a working capital deficit of $170.6 million compared to a
working capital deficit of $40.7 million as of December 31, 2014.
As of December 31, 2015, the Company's working capital included
$342.2 million in cash and cash equivalents, of which $3.7 million
was held by Nextel Brazil in Brazilian reais, and $84.3 million in
short-term investments, the majority of which was held in Brazilian
reais.

In addition, as of December 31, 2015, NII Holdings had $141.7
million of cash collateral securing certain performance bonds
relating to obligations to deploy spectrum in Brazil.  As of
December 31, 2015, NII Holdings also had $226.9 million in cash
held in escrow in connection with the sales of Nextel Argentina,
Nextel Mexico and Nextel Peru and $54.3 million in judicial
deposits in Brazil.

Within the six months following its emergence from bankruptcy, NII
Holdings said it posted a net loss of $274,003,000 (for the six
months ended Dec. 31, 2015) amid revenues of $529,434,000.

At Dec. 31, 2015, NII Holdings had total assets of $2,729,908,000
against total current liabilities of $898,609,000; total
liabilities not subject to compromise of $1,179,093,000 and total
stockholders' equity of $1,550,815,000.

A copy of NII Holdings' Annual Report is available at
http://is.gd/WpS3Mz


OSIRIS THERAPEUTICS: Receives NASDAQ Listing Non-Compliance Notice
------------------------------------------------------------------
Osiris Therapeutics, Inc. on March 22 disclosed that it has
received a letter from The NASDAQ Stock Market ("NASDAQ") notifying
the Company that it is not in compliance with NASDAQ Listing Rule
5250 (c)(1) because its Annual Report on Form 10-K for the year
ended December 31, 2015 was not filed on a timely basis with the
Securities and Exchange Commission.

As previously disclosed, the Company is currently in the process of
(i) completing its accounting review of revenue recognition under
contracts with distributors that was previously reported in its
audited annual financial statements for the year ended December 31,
2014 and its unaudited interim financial statements for quarterly
periods in 2015, (ii) completing amendments to certain periodic
reports previously filed with the Securities and Exchange
Commission (the "SEC") and (iii) transitioning to a new independent
registered public accounting firm that will require additional time
to conduct an audit of the Company's 2015 financial statements.
The Company intends to file its Form 10-K as soon as practicable.

The NASDAQ letter dated March 17, 2016 requires the Company to
submit a plan within 60 days to regain compliance with NASDAQ's
filing requirements for continued listing.  The Company intends to
submit the plan of compliance as soon as practicable.

                      About Osiris Therapeutics

Based in Columbia, Maryland, Osiris Therapeutics (NASDAQ: OSIR) --
http://www.Osiris.com-- is a cellular and regenerative medicine
company focused on developing and marketing products to treat
conditions in wound care, orthopaedics and sports medicine.


OUTER HARBOR: Milbank Tweed Approved as Counsel
-----------------------------------------------
Outer Harbor Terminal, LLC, received approval from the U.S.
Bankruptcy Court for the District of Delaware for permission to
employ Milbank, Tweed, Hadley & McCloy LLP as its attorneys in the
Chapter 11 case, nunc pro tunc to the Petition Date.

As reported in the March 24, 2016 edition of the TCR, Milbank Tweed
will, among other things:

   (a) advise the Debtor with respect to its rights, powers and
duties as debtor-in-possession in the operation and wind down of
its business during the case;

   (b) advise and consult on the conduct of the case, including all
of the legal and administrative requirements of operating in
Chapter 11; and

   (c) attend meetings and negotiate with representatives of
creditors and other parties-in-interest, including governmental
authorities.

The Debtor agreed to compensate the firm based on these hourly
rates:

         Billing Category                       U.S. Range
         ----------------                       ----------
         Partners                               $995 - $1,350
         Counsel                                $985 - $1,185
         Associates                             $390 - $915
         Paraprofessionals                      $205 - $340

To the best of the Debtor's knowledge, Milbank is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm may be reached by:

         Gregory A. Bray, Esq.
         Thomas R. Kreller, Esq.
         Haig M. Maghakian, Esq.
         MILBANK, TWEED, HADLEY & McCLOY LLP
         601 S. Figueroa Street, 30th Floor
         Los Angeles, CA 90017
         Tel: (213) 892-4000
         Fax: (213) 629-5063
         E-mail: gbray@milbank.com
                  tkreller@milbank.com
                  hmaghakian@milbank.com

            -- and --

         Dennis F. Dunne
         Samuel A. Khalil
         28 Liberty Street
         New York, NY 10005
         Tel: (212) 530-5000
         Fax: (212) 530-5219
         E-mail: ddunne@milbank.com
                 skhalil@milbank.com

                    About Outer Harbor Terminal

Outer Harbor Terminal, LLC -- aka Ports America Outer Terminal,
LLC, PAOH, and PAOHT -- is an Oakland, California-based port
operator.  It is a joint venture between Ports America and Terminal
Investment Ltd.

Outer Harbor is winding down operations.  Ports America is leaving
Oakland to concentrate its investments in other terminals that the
company operates in Tacoma, Los Angeles-Long Beach, New York-New
Jersey and Baltimore.

Oakland, California-based port operator Outer Harbor Terminal, LLC
filed for Chapter 11 protection (Bankr. D. Del. Case No. 16-10283)
on Feb. 1, 2016.  The petition was signed by Heather Stack, chief
financial officer.  The Hon. Laurie Selber Silverstein is the case
judge.

The Debtor scheduled $103 million in assets and $370 million in
debt.

Milbank, Tweed, Hadley & Mccloy LLP is the Debtor's general
counsel.  Mark D. Collins, Esq., at Richards, Layton & Finger,
P.A., serves as its Delaware counsel.  Prime Clerk LLC is the
claims and noticing agent.


OUTER HARBOR: Prime Clerk Approved as Administrative Advisor
------------------------------------------------------------
Outer Harbor Terminal, LLC, won approval from the U.S. Bankruptcy
Court for the District of Delaware to employ Prime Clerk as
administrative advisor.   Prime Clerk is authorized to perform
bankruptcy administration services as set forth in the parties'
Engagement Agreement.  The Debtor will indemnify Prime Clerk under
the terms of the Engagement Agreement.  Prime Clerk will apply to
the Court for allowance of compensation and reimbursement of
expenses in accordance with the applicable provisions of the
Bankruptcy Code, the Bankruptcy Rules and the Local Rules.

                    About Outer Harbor Terminal

Outer Harbor Terminal, LLC -- aka Ports America Outer Terminal,
LLC, PAOH, and PAOHT -- is an Oakland, California-based port
operator.  It is a joint venture between Ports America and Terminal
Investment Ltd.

Outer Harbor is winding down operations.  Ports America is leaving
Oakland to concentrate its investments in other terminals that the
company operates in Tacoma, Los Angeles-Long Beach, New York-New
Jersey and Baltimore.

Oakland, California-based port operator Outer Harbor Terminal, LLC
filed for Chapter 11 protection (Bankr. D. Del. Case No. 16-10283)
on Feb. 1, 2016.  The petition was signed by Heather Stack, chief
financial officer.  The Hon. Laurie Selber Silverstein is the case
judge.

The Debtor scheduled $103 million in assets and $370 million in
debt.

Milbank, Tweed, Hadley & McCloy LLP is the Debtor's general
counsel.  Mark D. Collins, Esq., at Richards, Layton & Finger,
P.A., serves as its Delaware counsel.  Prime Clerk LLC is the
claims and noticing agent.


OUTER HARBOR: Richards Layton Okayed as Bankruptcy Co-Counsel
-------------------------------------------------------------
Outer Harbor Terminal, LLC, sought and obtained approval from the
U.S. Bankruptcy Court for the District of Delaware to employ
Richards, Layton & Finger, P.A., as its bankruptcy co-counsel, nunc
pro tunc to Feb. 1, 2016.

As reported in the March 24 edition of the TCR, RL&F will, among
other things:

   (a) assist in preparing all necessary petitions, motions,
applications, orders, reports, and papers necessary to commence the
Chapter 11 case;

   (b) advise the Debtor of its rights, powers, and duties as
debtor and debtor in possession under chapter 11 of the Bankruptcy
Code; and

   (c) assist in preparing on behalf of the Debtor all motions,
applications, answers, orders, reports, and papers in connection
with the administration of the Debtor's estate.

In addition to these services, RL&F may perform all other services
assigned by the Debtor, in consultation with Milbank, Tweed, Hadley
& McCloy LLP, the Debtor's proposed lead counsel, to RL&F.

Mark D. Collins, a director of RL&F which maintains an office at
One Rodney Square, 920 North King Street, Wilmington, Delaware,
tells the Court that RL&F's current hourly rates are:

         Position                      Range of Hourly Rates
         --------                      ---------------------
         Directors                         $610 - $850
         Counsel                           $535 - $550
         Associates                        $295 - $510
         Paraprofessionals                    $240

The principal professionals and paraprofessionals designated to
represent the Debtor and their current standard hourly rates are:

         Mark D. Collins                      $850
         Marisa A. Terranova Fissel           $510
         Andrew M. Dean                       $295
         Cynthia M. McMenamin                 $240

To the best of the Debtor's knowledge, RL&F is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm may be reached by:

         Mark D. Collins, Esq.
         Marisa A. Terranova Fissel, Esq.
         Andrew M. Dean, Esq.
         RICHARDS, LAYTON & FINGER, P.A.
         One Rodney Square
         920 North King Street
         Wilmington, DE 19801
         Tel: (302) 651-7700
         Fax: (302) 651-7701
         E-mail: collins@rlf.com
                 terranova@rlf.com
                 dean@rlf.com

                    About Outer Harbor Terminal

Outer Harbor Terminal, LLC -- aka Ports America Outer Terminal,
LLC, PAOH, and PAOHT -- is an Oakland, California-based port
operator.  It is a joint venture between Ports America and
Terminal Investment Ltd.

Outer Harbor is winding down operations.  Ports America is leaving
Oakland to concentrate its investments in other terminals that the
company operates in Tacoma, Los Angeles-Long Beach, New York-New
Jersey and Baltimore.

Oakland, California-based port operator Outer Harbor Terminal, LLC
filed for Chapter 11 protection (Bankr. D. Del. Case No. 16-10283)
on Feb. 1, 2016.  The petition was signed by Heather Stack, chief
financial officer.  The Hon. Laurie Selber Silverstein is the case
judge.

The Debtor scheduled $103 million in assets and $370 million in
debt.

Milbank, Tweed, Hadley & Mccloy LLP is the Debtor's general
counsel.  Mark D. Collins, Esq., at Richards, Layton & Finger,
P.A., serves as its Delaware counsel.  Prime Clerk LLC is the
claims and noticing agent.


PALMAZ SCIENTIFIC: Hires Andy Taylor as Special Counsel
-------------------------------------------------------
Palmaz Scientific, Inc. and its debtor-affiliates filed an
expedited ex parte interim application to the U.S. Bankruptcy Court
for the Western District of Texas to employ Andy Taylor &
Associates, P.C. as special counsel, nunc pro tunc to March 4,
2016.

Andy Taylor will represent the Debtors in matters involving the
State of Texas Emerging Technology Fund and in litigation matters
before the bankruptcy court as needed by the Debtors.

The litigation counsel will be paid at these hourly rates:

       Andy Taylor, Partner           $500
       Amanda Peterson, Associate     $300

Andy Taylor 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 litigation counsel can be reached at:

       ANDY TAYLOR & ASSOCIATES, P.C.
       Brenham, TX
       Tel: (713) 222-1817
       Fax: (713) 222-1855
       E-mail: ataylor@andytaylorlaw.com

                      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. Lead Case No. 16-50552) on
March 4, 2016.  The petitions were signed by Eugene Sprague, a
director.  The jointly administered cases are assigned to Judge
Craig A. Gargotta.

The Debtors estimated both assets and liabilities in the range of
$10 million to $50 million.

The Debtors engaged Norton Rose Fulbright US LLP as counsel,
Groff & Rothe as accountants and Upshot Services LLC as noticing
agent.



PEABODY ENERGY: Moody's Cuts Corporate Family Rating to 'Ca'
------------------------------------------------------------
Moody's Investors Service downgraded the ratings of Peabody Energy
Corporation, including the corporate family rating (CFR) to Ca from
Caa3, probability of default rating (PDR) to Ca-PD from Caa3-PD,
the ratings on the senior secured credit facility to Caa1 from B3,
the ratings on second lien debt to Ca from Caa3, and the ratings on
senior unsecured notes to C from Ca. The junior subordinated
debenture ratings remain at C. The speculative grade liquidity
rating was lowered to SGL-4 from SGL-3. The outlook is negative.

Issuer: Peabody Energy Corporation

Downgrades:

-- Probability of Default Rating, Downgraded to Ca-PD from Caa3-
    PD

-- Speculative Grade Liquidity Rating, Lowered to SGL-4 from
    SGL-3

-- Corporate Family Rating, Downgraded to Ca from Caa3

-- Senior Secured Bank Credit Facilities, Downgraded to Caa1
    (LGD2) from B3 (LGD2)

-- Senior Secured Regular Bond/Debenture, Downgraded to Ca (LGD3)

    from Caa3 (LGD3)

-- Senior Unsecured Regular Bond/Debenture, Downgraded to C
    (LGD5) from Ca (LGD5)

Affirmations:

-- Junior Subordinated Conv./Exch. Bond/Debenture, Affirmed C
    (LGD6)

Outlook Actions:

-- Outlook, Negative

RATINGS RATIONALE

The downgrade follows the company's announcement, in its Form 10-K
filed on March 16, 2016, that continued operating losses and
negative free cash flows raise substantial doubt about whether it
will continue as a going concern and meet its obligations over the
next year. The ratings also reflect the low expected debt recovery
in the event of bankruptcy.

The company stated that it elected to exercise the 30-day grace
period with respect to a $21.1 million semi-annual interest payment
due March 15, 2016 on the 6.50% Senior Notes due September 2020 and
a $50.0 million semi-annual interest payment due March 15, 2016 on
the 10.00% Senior Secured Second Lien Notes due March 2022. While
failure to pay these amounts on March 15, 2016 is not immediately
an event of default, it would become an event of default if the
payment is not made within the thirty day grace period. The company
also announced that in February 2016, it borrowed approximately
$945 million under the revolver, the maximum amount available.

The Caa1 rating on the secured facility, three notches above the Ca
CFR, reflects the security provided by the collateral package,
which includes a claim on certain US properties and various stock
pledges. The Ca rating on the second lien notes, in line with the
CFR, reflects their relative position in the capital structure with
respect to claims on collateral, behind the senior secured credit
facility but ahead of the C rated unsecured notes and C rated
subordinated debentures.

The speculative grade liquidity rating of SGL-4 reflects Moody's
expectation that the company will not be able to meet its
obligations over the next year.

The negative outlook reflects Moody's expectation of continued
deterioration in credit metrics.

A positive rating action is unlikely at this time, given the
company's liquidity position. A negative action would result if the
company's financial condition were to deteriorate further. The
ratings would be withdrawn if the company were to file for
bankruptcy protection.

Peabody Energy Corporation is the world's largest private sector
coal company with coal mining operations in the US and Australia
and roughly 6 billion tons of proven and probable reserves. For the
twelve months ended December 31, 2015, the company sold 228.8
million tons of coal and generated $5.6 billion in revenues,
including about 21 million tons of thermal coal sold from the
Midwestern division, 138.8 million tons of thermal coal sold from
the Powder River Basin and Colorado, 35.8 million of tons of
thermal and metallurgical coal from Australia, and 17.9 million
tons from trading and brokerage. For the twelve months ended
December 31, 2015, the company generated $5.6 billion in revenues.


PLOVER APPETIZER: Liquidating Plan Officially Takes Effect
----------------------------------------------------------
Plover Appetizer Co., formerly known as Golden County Foods Inc.,
said that its Chapter 11 plan of liquidation officially took effect
on Feb. 23, 2016.

The liquidating plan took effect more than a month after it was
approved by Judge Kevin Gross of the U.S. Bankruptcy Court for the
District of Delaware.

The plan, which was confirmed on Jan. 20, provided for the
liquidation of assets of Plover Appetizer and its affiliates, the
establishment of a liquidating trust, and the distribution of
proceeds to creditors.

At the time of filing of the liquidating plan, the companies were
holding approximately $12.7 million generated from the sale of
their assets.

The companies sold most of their assets to Monogram Appetizers LLC
last year.  Monogram emerged as the winning bidder at an auction
after it made a $37.2 million offer for the assets.

Plover Appetizer used a portion of the sale proceeds to pay United
Food and Commercial Workers, Local 1473 to consummate the terms of
their settlement with the union.  

Plover Appetizer also used the sale proceeds to pay the loan
provided by PNC Bank, National Association to get the company
through bankruptcy, according to court filings.

                    About Plover Appetizer Co.

Golden County and its affiliates GCF Franchisee, Inc., and GCF
Holdings II, Inc., filed separate Chapter 11 bankruptcy petitions
(Bankr. D. Del. Case Nos. 15-11062 to 15-11064) on May 15, 2015.

The Debtors estimated assets and debts at $10 million to $50
million.

Mark D. Collins, Esq., and Tyler D. Semmelman, Esq., at Richards,
Layton & Finger, P.A., represent the Debtor in their restructuring
effort.  The Debtors also hired Neligan Foley LLP as local
counsel.

The U.S. Trustee for Region 3 appointed seven creditors to serve on
the Official Committee of Unsecured Creditors.  The Committee
selected Lowenstein Sandler LLP and Gellert Scali Busenkell &
Brown, LLC, to serve as its co-counsel, and GlassRatner Advisory &
Capital Group to serve as its financial advisor.


RANCHLAND HOLDINGS: Involuntary Case Consolidated With ALOC's
-------------------------------------------------------------
American Liberty Oil Company, LP, sought and obtained from
Judge Stacey G. Jernigan of U.S. Bankruptcy Court for the Northern
District of Texas on March 10, 2016:

  -- an order for relief as to Ranchland Holdings, Ltd.'s
involuntary Chapter 11 bankruptcy case in order to allow for the
prosecution of a Chapter 11 Plan; and

  -- an order procedurally consolidating the cases of ALOC and
Ranchland under the ALOC bankruptcy heading with a joint caption,
under Case No. 15-32019.

In seeking an order for relief and consolidation of the cases, ALOC
explained that on August 28, 2015, an involuntary petition was
filed against Ranchland Holdings, Ltd. ("Ranchland") by ALOC.

ALOC and the James Wynne Parties dispute, among other things, who
has the authority to manage Ranchland, including to Answer for
Ranchland's behalf to the involuntary petition and manage the
Ranchland bankruptcy case.  

The Court entered a Scheduling Order Regarding Involuntary Petition
to facilitate the litigation and determination of these issues.
The Scheduling Order was then continued and ultimately abated on
Jan. 4, 2016 to allow the parties to focus on settlement
discussions.

ALOC, the James Wynne Parties, and other parties have reached a
tentative global settlement of the issues involving the James Wynne
Parties that will be further addressed in a Chapter 11 Plan of ALOC
and Ranchland.  For purposes of managing the Ranchland bankruptcy
case, the parties agree that to effectuate the settlement:

   (a) ALOC LLC (the alleged general partner of ALOC) will have the
authority to act on behalf of ALOC;

   (b) the WW GST Exempt Trust (LT), Erin Wynne, and Wes Wynne will
have authority to direct ALOC LLC, and indirectly through ALOC LLC,
ALOC;

   (c) QSLWM will continue to represent ALOC and will represent
Ranchland;

   (d) Ranchland will be directed by Celadon Development LLC;
("Celadon");

   (e) Celadon will be under the direction of the WW GST Exempt
Trust (LT) and WW GST Exempt Trust (c. 2000).

   (f) This authority includes matters required to effectuate the
terms of the parties' settlement, such as filing Chapter 11 Plans
to effectuate the terms the settlement and handling routine matters
in the bankruptcy cases.

   (g) In the event the settlement between the parties terminates
for any reason, the parties will resume litigating the issue of who
has authority to manage Ranchland and direct its affairs in this
proceeding.

                    About American Liberty Oil

American Liberty Oil Company, LP, was founded in the 1930s and
became one of the nation's premier energy companies, with a
portfolio that included oil and gas production across the
continent; refinery, manufacturing, and ranching interests; hotels
in Hong Kong, Bali, Nepal, and Malta; and roles in numerous local
developments such as Wynnewood, Plaza of the Americas, and Six
Flags Over Texas.

Following the death of Toddie Lee Wynne Jr. in 1987, control of the
company was contested during a nearly 10-year-long estate battle
between Wynne's children and his second wife.  The resolution of
that litigation left his three sons, Wreno, James, and Ben, in
complete control of the company.  Throughout the 1990s and 2000s,
ALOC accumulated debt, sold profitable operations, and was mostly
unsuccessful in its new ventures.

Currently, ALOC owns approximately 7500 acres in East Texas (the
"Ranch"), as well as 100% of Star Brand Cattle Company LLC, 99.9%
of Star Brand Cattle Company Ltd. d/b/a Star Brand Ranch Executive
Retreat, and 99% of Ranchland Holdings Ltd.  Ranchland owns 335
acres of undeveloped ranchland that is contiguous with the Ranch.
Star Brand Cattle Company Ltd. serves as the operational division
for the affiliated entities and employs 15-20 personnel (depending
on the calendar) for various functions, including accounting,
general management of the Ranch, and operating the Ranch's
executive retreat.

American Liberty Oil Company, LP sought Chapter 11 protection
(Bankr. N.D. Tex. Case No. 15-32019) on May 6, 2015.  The petition
was signed by Wreno S. Wynne, Jr., as managing partner of ALOC LLC.
The Debtor estimated assets of $10 million to $50 million and debt
of $1 million to $10 million in its petition.

On Aug. 28, 2015, the Court entered an order authorizing ALOC to
file an involuntary petition against Ranchland due to an impending
foreclosure against Ranchland's real property.  The involuntary
petition against Ranchland (Case No. 15-33461) was filed on the
same day as the entry of the order.

The cases are assigned to Hon. Stacey G. Jernigan.

Quilling, Selander, Lownds, Winslett & Moser, P.C., serves as
ALOC's bankruptcy counsel.  ALOC also won approval to hire Litzler,
Segner, Shaw & McKenney, LLP as accountant; Hi View Real Estate as
real estate broker; Skibell, Bohach & Archer, P.C. as special
counsel; Allie Beth Allman and Associates, and Moreland Properties
as real estate broker; and Foreman & Kessler, Ltd., as special
counsel.

                           *     *     *

The meeting of creditors under 11 U.S.C. Sec. 341 was commenced and
concluded on June 11, 2015.

No official committee of unsecured creditors has yet been appointed
and no such committee is expected to be appointed.

The bar date for filing proofs of claim in the ALOC case passed on
Sept. 9, 2015.  The Court has not yet set a bar date in the
Ranchland case.


RCS CAPITAL: Cetera Debtors File Ch.11 Petitions, Prepack Plan
--------------------------------------------------------------
BankruptcyData reports that RCS Capital affiliate Cetera Financial
Holdings filed its own Chapter 11 petition on March 26, 2016,
together with a Joint Prepackaged Plan of Reorganization and
related Disclosure Statement.

According to documents filed with the Court, "All Allowed General
Unsecured Claims against the Debtors will either (i) be paid in
full in the ordinary course of business during the pendency of the
Prepackaged Chapter 11 Cases or (ii) be reinstated and left
unimpaired under the Plan. All Allowed Administrative Claims,
Priority Tax Claims, statutory fees, Other Priority Claims and
Other Secured Claims against the Debtors will be paid in full in
cash; The Debtors will transfer the applicable Litigation Assets to
the Creditor Trust free and clear of all liens, Claims,
encumbrances and Interests, and such Litigation Assets will vest in
the Creditor Trust as of the Effective Date; (A) The Reorganized
Debtors will continue to own, directly or indirectly, the equity
Interests in their subsidiaries, (B) all equity Interests of any of
the Debtors currently owned, directly or indirectly, by any RCS
Debtor Affiliates will continue to be owned by the applicable
Reorganized RCS Debtor Affiliate, and (C) except as otherwise
provided in the Plan, the property of each Debtor's Estate will
vest in the applicable Reorganized Debtor free and clear of all
liens, Claims, encumbrances and Interests; and the Reorganized
Debtors will incur the obligations under the Exit Credit Documents
and the New Second Lien Credit Documents. . .  .  The Debtors
estimate that there will be up to approximately $2 million of
Allowed Priority Claims. The First Lien Claims as of the Petition
Date will be Allowed in the aggregate amount of $556.0 million .The
Second Lien Claims will be Allowed in the aggregate amount of
$153.2 million, with $50 million of such Allowed Claims to be
treated as Secured Second Lien Claims and $103.2 million to be
treated as Second Lien Deficiency Claims. The Debtors estimate that
Other Secured Claims will be approximately $8.8 million."

                         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 RCS Debtors' 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.  RCS Capital Corp. disclosed total assets of
$1,403,924,232 and total liabilities of $912,449,960.

RCS Capital's affiliates led by Cetera Advisor Networks Insurance
Services, LLC and Cetera Financial Group, Inc. filed separate
Chapter 11 petitions (Bankr. D. Del. Case Nos. 16-10730 to
16-10748) on March 26, 2016.  The cases are jointly administered
under the Chapter 11 case of RCS Capital Corporation, Case No.
16-10223.

The RCS and Cetera 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.

Cetera Advisor Networks Insurance Services, LLC, estimated under
$50,000 in assets and $500 million to $1 billion in debts.  The
Cetera Debtors' petitions were signed by Carol Flaton, chief
restructuring officer.


REPUBLIC AIRWAYS: Schulte Roth Represents Equity Holders
--------------------------------------------------------
Schulte Roth & Zabel LLP submitted a verified statement pursuant to
Rule 2019 of the Federal Rules of Bankruptcy Procedure in the
chapter 11 cases of Republic Airways Holdings Inc., et al., to
disclose that it represents nine shareholders of Republic Airways
Holdings, which comprise the Ad Hoc Committee of Equity Holders:

        Entity                           Shares of Stock Held
        ------                           --------------------
    Axar Master Fund Ltd                       10,115,000
    SOLA LTD                                    4,367,625
    Man GLG Select Opportunities Master LP      3,118,728
    Trishield Capital Management LLC            2,531,863
    Quantum Partners LP                         2,000,000
    Drawbridge Special Opportunities Fund LP    1,842,860
    Ultra LTD                                     574,675
    Drawbridge Special Opportunities Fund Ltd.    500,865
    Worden Master Fund I LP                        56,275

SRZ does not currently represent any other parties in the Chapter
11 cases.  SRZ has no prepetition claims against or equity interest
in the Debtors.

Counsel to the Ad Hoc Committee of Equity Holders:

         SCHULTE ROTH & ZABEL LLP
         Adam C. Harris.
         David M. Hillman
         Lawrence V. Gelber
         919 Third Avenue
         New York, New York 10022
         Telephone: (212) 756-2000
         Facsimile: (212) 593-5955
         E-mail: adam.harris@srz.com
                 david.hillman@srz.com
                 lawrence.gelber@srz.com

                     About Republic Airways

Republic Airways Holdings Inc., based in Indianapolis, is an
airline holding company (NASDAQ: RJET) that owns Republic Airline
and Shuttle America Corporation.  Republic Airline and Shuttle
America -- http://www.rjet.com/-- offer approximately 1,000       
flights daily to 105 cities in 38 states, Canada, the Caribbean,
and the Bahamas through Republic's fixed-fee codeshare agreements
under our major airline partner brands of American Eagle, Delta
Connection and United Express.  The airlines currently employ
about 6,000 aviation professionals.  

On Feb. 25, 2016 Republic Airways Holdings Inc. and 6 affiliated
debtors each filed a voluntary petition for relief under Chapter
11 of the United States Bankruptcy Code in the United States
Bankruptcy Court for the Southern District of New York.   The
Debtors have requested that their cases be jointly administered
under Case No. 16-10429.  The petitions were signed by Joseph P.
Allman as senior vice president and chief financial officer.
Judge Sean H. Lane has been assigned the cases.

As of Jan. 31, 2016, on a consolidated basis, Republic had assets
and liabilities of $3,561,000,000 and $2,971,000,000 (unaudited),
respectively.

Zirinsky Law Partners PLLC and Hughes Hubbard & Reed LLP are
serving as Republic's legal advisors in the restructuring. Seabury
Group LLC is serving as financial advisor.  Deloitte & Touche LLP
is the independent auditor.  Prime Clerk is the claims and
noticing agent.


SFX ENTERTAINMENT: Allowed to Hire Legal Counsel, Admin Agent
-------------------------------------------------------------
The U.S. Bankruptcy Court in Delaware has given SFX Entertainment
Inc. the green light to hire Greenberg Traurig LLP.

Greenberg Traurig will serve as legal counsel to SFX Entertainment
and its affiliates in connection with the Chapter 11 cases they
filed early last month.

Separately, the bankruptcy court authorized the company to hire
Kurtzman Carson Consultants LLC as its administrative agent, court
filings show.

                     About SFX Entertainment

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

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

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

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

Judge Mary F. Walrath is assigned to the case.


SFX ENTERTAINMENT: FTI's Michael Katzensteinas Okayed as CRO
------------------------------------------------------------
SFX Entertainment, Inc., et al., sought and obtained approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
FTI Consulting, Inc., (a) as the Debtors' crisis and turnaround
manager; and (b) provide the Debtors a chief restructuring officer,
an associate chief restructuring officer, additional personnel,
and, if necessary, an interim chief executive officer.

As reported by the Troubled Company Reporter, pursuant to an
engagement letter, FTI was retained to provide crisis and
turnaround management services.  Subsequent thereto, a resolution
adopted by the special committee of the board of directors of SFXE
on Jan. 31, 2016, provided that the CRO and the ACRO would report
directly to the special committee.

FTI has provided Michael Katzenstein and Christopher Nicholls, both
senior managing directors with FTI, to serve as the Debtors' CRO
and ACRO, respectively.

The Debtors also request authorization to have FTI provide Mr.
Katzenstein to serve as interim chief executive officer (CEO), if
necessary.

Among other responsibilities, the CRO will coordinate the resources
of the Debtors and the other professionals to develop a business
plan; develop, implement and oversee cash management strategies,
tactics and processes; oversee and manage cash disbursements;
manage the Debtors' restructuring process in respect of both
domestic and foreign operations, including, without limitation,
assisting in developing restructuring plans to maximize enterprise
value, negotiating with lenders, vendors, suppliers, and other
stakeholders, and providing PR/crisis communication; manage the
implementation of any strategic alternatives including, without
limitation, preparing budgets, projections, schedules, statements,
and other information that may be necessary or appropriate; assist
the Debtors in the preparation of reporting packages that may be
required for the Debtors' creditors; and provide such other similar
services as may be requested by the Debtors.

The Debtors propose to compensate FTI on an hourly fee basis as:

                                            Rate per Hour
                                            -------------
   Senior Managing Directors                 $825 - $995
   Directors/Senior Directors/
     Managing Directors                      $615 - $785
   Consultants/Senior Consultants            $325 - $570
   Administrative/Paraprofessionals          $125 - $270

FTI has agreed that fees in connection with the engagement will be
based upon time incurred providing the services, multiplied by
discounted hourly ratesj equal to 75% of FTI's standard rates,
except as otherwise provided with respect to FTI's International
divisions or personnel.

As consideration for FTI's Services being provided at discounted
rates, the Debtors agreed to pay FTI a completion fee in an amount
of $1,350,000.  Alternatively, if the Court does not approve the
agreed upon completion fee, FTI will be entitled to payment of 100%
of its hourly rates.

To the best of the Debtors' knowledge, FTI is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The Court's Approval Order provides that success fees, transaction
fees or other back-end fees will be approved by the Court at the
conclusion of the case.  

The Order also provides that for a period of three years after
conclusion of FTI's engagement, neither FTI nor any of its
affiliates will make any investments in the Debtors or the
Reorganized Debtors, as applicable.  No principal, employee or
independent contractor of FTI or its affiliates will serve as
director of any of the Debtors during the pending of the Chapter 11
cases.

Mr. Katzenstein may be reached at:

         Michael Katzenstein
         Senior Managing Director
         Leader of Interim Management
         FTI CONSULTING INC.
         Tel: (212) 651-7169
         Fax: (212) 841-9350
         Email: mike.katzenstein@fticonsulting.com

Mr. Nicholls may be reached at:

         Christopher T. Nicholls
         Senior Managing Director
         FTI CONSULTING INC.
         Tel: (212) 247-1010
         Fax: (212) 841-9350
         Email: chris.nicholls@fticonsulting.com

The Debtors are represented by:

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

              - and -

         Nancy A. Mitchell, Esq.
         Maria J. DiConza, Esq.
         Nathan A. Haynes, Esq.
         200 Park Avenue
         New York, NY 10166
         Tel: (212) 801-9200
         Fax: (212) 801-6400
         E-mails: michelln@gtlaw.com
                  diconzam@gtlaw.com
                  haynesn@gtlaw.com

                      About SFX Entertainment

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

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

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

Greenberg Traurig, LLP serves as the Debtors' counsel.   Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.  The Debtors tapped Bayard, P.A. as litigation and conflicts
counsel; Moelis & Company LLC as investment banker; and FTI
Consulting, Inc., as crisis and turnaround manager.  FTI's Michael
Katzenstein serves as the Debtors' chief restructuring officer.

Kaye Scholer LLP serves as counsel for the special committee of
independent directors of the Debtors.

Judge Mary F. Walrath is assigned to the case.

Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of SFX Entertainment Inc. and its affiliated debtors to
serve on the official committee of unsecured creditors.


SFX ENTERTAINMENT: Gets Approval to Hire Special Committee Counsel
------------------------------------------------------------------
SFX Entertainment Inc. received court approval to hire Kaye Scholer
LLP.

The order, issued by Judge Mary Walrath of the U.S. Bankruptcy
Court in Delaware, allowed SFX Entertainment to hire the firm as
counsel for the special committee of independent directors of the
company.

Kaye Scholer will advise the special committee on the financial
restructuring of the business, assets, liabilities and interests of
the company and its subsidiaries, according to court filings.

                     About SFX Entertainment

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

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

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

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

Judge Mary F. Walrath is assigned to the case.


SFX ENTERTAINMENT: Gets Approval to Hire Turnaround Manager
-----------------------------------------------------------
A bankruptcy judge has granted the motion of SFX Entertainment Inc.
to hire FTI Consulting Inc.

Judge Mary Walrath of the U.S. Bankruptcy Court in Delaware signed
off on an order authorizing SFX Entertainment to hire the firm to
provide crisis and turnaround management services.

FTI's senior managing directors Michael Katzenstein and Christopher
Nicholls will serve as chief restructuring officer and associate
chief restructuring officer, respectively.

Both will report directly to the company's special committee of the
board of directors pursuant to a resolution it adopted on Jan. 31
this year.

                     About SFX Entertainment

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

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

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

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

Judge Mary F. Walrath is assigned to the case.


SFX ENTERTAINMENT: Greenberg Traurig Okayed as Bankruptcy Counsel
-----------------------------------------------------------------
SFX Entertainment, Inc., et al., sought and obtained approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
the law firm of Greenberg Traurig, LLP, as counsel nunc pro tunc to
the Petition Date.

As reported by the Troubled Company Reporter, Greenberg Traurig
will:

   a. provide legal advice with respect to the Debtors' powers and
duties as debtors-in-possession in the continued operation of their
business and management of their property;

   b. negotiate, draft, and pursue all documentation necessary in
the cases;

   c. prepare on behalf of the Debtors applications, motions,
answers, orders, reports, and other legal papers necessary to the
administration of the Debtors' estates;

   d. appear in Court and protect the interests of the Debtors
before the Court;

   e. assist with any disposition of the Debtors' assets, by sale
or otherwise;

   f. negotiate and take all necessary or appropriate actions in
connection with a plan or plans of reorganization and all related
documents thereunder and transactions contemplated therein;

   g. attend meetings and negotiate with representatives of
creditors, the U.S. Trustee, and other parties-in-interest;

   h. provide legal advice regarding bankruptcy law, corporate law,
corporate governance, securities, employment, transactional, tax,
labor, litigation, intellectual property and other issues to the
Debtors in connection with the Debtors' ongoing business
operations;

   i. take all necessary actions to protect and preserve the
Debtors' estates, including prosecuting actions on the Debtors'
behalf, defending any action commenced against the Debtors, and
representing the Debtors in negotiations concerning litigation in
which the Debtors are involved, including objections to claims
filed against the Debtors' estates; and

   j. perform other legal services for, and providing other
necessary legal advice to, the Debtors, which may be necessary and
proper in the cases.

Michael Burrows, Esq., a shareholder at Greenberg Traurig, tells
the Court that the current hourly rates applicable to the principal
attorneys are:

         Professional                         Hourly Rate
         ------------                         -----------
         Nancy A. Mitchell                      $1,080
         Maria J. DiConza                         $950
         Nathan A. Haynes                         $950
         Dennis A. Meloro                         $795
         Paul T. Martin                           $665
         Ryan A. Wagner                           $595
         Leo Muchnik                              $530
         Sara A. Hoffman                          $450

Other attorneys and paralegals will render services to the Debtors
as needed.  Generally, Greenberg Traurig's hourly rates are:

         Professional                         Hourly Rate
         ------------                         -----------
         Shareholders                        $375 - $1,235
         Of Counsel                          $310 - $1,250
         Associates                          $160 -   $765
         Legal Assistants/Paralegals         $110 -   $410     

Greenberg Traurig has agreed to a 15% discount from its currently
hourly rates in connection with its representation of the Debtors.

Mr. Burrows says that Greenberg Traurig also intends to make a
reasonable effort to comply with the U.S. Trustee's requests for
information and additional disclosures as set forth in the Appendix
B Guidelines for Reviewing Applications for Compensation and
Reimbursement of Expenses Filed under 11 U.S.C. Section 330 by
Attorneys in Larger Chapter 11 Cases Effective as of Nov. 1, 2013,
both in connection with the application and the interim and final
fee applications to be filed by Greenberg Traurig in the cases.

In the one year prior to the Petition Date, Greenberg Traurig
received payments from the U.S. Debtors in the amount of
$2,125,997.  Of that amount, $1,785,000 in advanced payment
retainers were received in the 90 days prior to the Petition Date,
which amounts have been applied to Greenberg Traurig's fees and
expenses during that period.  As of the filing of the application,
Greenberg Traurig holds a separate retainer in the approximate
amount of $15,000.00, for Debtors SFXE Netherlands Holdings B.V.
and SFXE Netherlands Holdings Cooperatief U.A., which will also be
applied to fees and expenses incurred during the cases.

Mr. Burrows assures the Court that the firm is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm may be reached at:

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

             -- and --

          Nancy A. Mitchell, Esq.
          Maria J. DiConza, Esq.
          Nathan A. Haynes, Esq.
          Paul T. Martin, Esq.
          Ryan A. Wagner, Esq.
          Leo Muchnik, Esq.
          Sara A. Hoffman, Esq.
          GREENBERG TRAURIG, LLP
          200 Park Avenue
          New York, NY 10166
          Tel: (212) 801-9200
          Fax: (212) 801-6400
          Email: mitchelln@gtlaw.com
                 diconzam@gtlaw.com
                 haynesn@gtlaw.com
                 martinpt@gtlaw.com
                 wagnerr@gtlaw.com
                 muchnikl@gtlaw.com
                 hoffmans@gtlaw.com

                      About SFX Entertainment

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

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

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

Greenberg Traurig, LLP serves as the Debtors' counsel.   Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.  The Debtors tapped Bayard, P.A. as litigation and conflicts
counsel; Moelis & Company LLC as investment banker; and FTI
Consulting, Inc., as crisis and turnaround manager.  FTI's Michael
Katzenstein serves as the Debtors' chief restructuring officer.

Kaye Scholer LLP serves as counsel for the special committee of
independent directors of the Debtors.

Judge Mary F. Walrath is assigned to the case.

Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of SFX Entertainment Inc. and its affiliated debtors to
serve on the official committee of unsecured creditors.


SFX ENTERTAINMENT: Kaye Scholer Okayed as Atty. to Directors Panel
------------------------------------------------------------------
SFX Entertainment, Inc., et al., sought and obtained approval from
the U.S. Bankruptcy Court for the District of Delaware to employ
Kaye Scholer LLP as counsel for the special committee of
independent directors of SFX Entertainment, Inc., nunc pro tunc to
the Petition Date.

The firm's Benjamin Mintz, Esq. -- benjamin.mintz@kayescholer.com
-- will lead the engagement.

As reported by the Troubled Company Reporter, Kaye Scholer will:

   a. advise the Special Committee with respect to the financial
restructuring of the business, assets, liabilities, and interests
of the Company and its subsidiaries after the filing of the cases,
including but not limited to operational issues and implementation
of the transactions contemplated by and other terms and conditions
of restructuring support agreement including the power and
authority to determine whether to enter into any transaction in
furtherance of the so-called "fiduciary out" included in the
Restructuring Support Agreement and to negotiate and enter into any
such transaction;

   b. appear and represent the Special Committee before the Court,
any appellate courts, and in their dealings with the Office of the
United States Trustee; and

   c. provide other legal services and advice to the special
committee as may become necessary in connection with the cases.

As of the Petition Date, Kaye Scholer's hourly rates are:

         Billing Category                         Range
         ----------------                         -----
         Partners                              $745 - $1,350
         Counsel                               $690 - $800
         Associates                            $395 - $770
         Legal Assistants                      $185 - $335

The primary attorneys working on the case and their corresponding
hourly rates are:

         Vincent Sama                             $1,350
         Derek Stoldt                               $925
         Benjamin Mintz                             $950
         Negisa Balluku                             $625

Kaye Scholer is customarily reimbursed for all non-overhead
expenses it incurs on a client's behalf during a matter.

Kaye Scholer has disclosed that it currently serves as counsel for
defendants John Miller, Michael Meyer and Geoffrey Armstrong, as
directors of the Company, in a federal securities class action
pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act
of 1934 and Securities and Exchange Commission Rule 10b-5
promulgated thereunder on behalf of all investors who purchased or
otherwise acquired the common stock of the Company between Feb. 25,
2015 and Nov. 17, 2015.  

From December 2014 through February 2015, Kaye Scholer also served
as counsel for the members of a special committee of the board of
directors of Viggle Inc., a company whose chief executive officer
and controlling officer is Robert F.X. Sillerman, in connection
with a shared services agreement between Viggle, Inc. and the
Company with respect to certain employees of the Company and
Viggle, Inc.  For the purposes of the Viggle Transaction, the
independent directors of the Company were represented by different
counsel.  Kaye Scholer is not currently representing Viggle, Inc.'s
special committee in the Viggle Transaction.  Kaye Scholer also
previously represented one or more Viggle special committees in
connection with matters unrelated to the Debtors.

To the best of the Debtors' knowledge, Kaye Scholer does not hold
or represent any interest adverse to the estates.

                      About SFX Entertainment

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

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

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

Greenberg Traurig, LLP serves as the Debtors' counsel.   Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.  The Debtors tapped Bayard, P.A. as litigation and conflicts
counsel; Moelis & Company LLC as investment banker; and FTI
Consulting, Inc., as crisis and turnaround manager.  FTI's Michael
Katzenstein serves as the Debtors' chief restructuring officer.

Kaye Scholer LLP serves as counsel for the special committee of
independent directors of the Debtors.

Judge Mary F. Walrath is assigned to the case.

Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of SFX Entertainment Inc. and its affiliated debtors to
serve on the official committee of unsecured creditors.


SFX ENTERTAINMENT: Kurtzman Carson Okayed as Admin. Agent
---------------------------------------------------------
SFX Entertainment, Inc., et al., sought and obtained permission
from the U.S. Bankruptcy Court for the District of Delaware to
employ Kurtzman Carson Consultants LLC as administrative agent,
nunc pro tunc to the Petition Date.

As reported by the Troubled Company Reporter, KCC has agreed to
provide, at the request of the Debtors or the Clerk's Office, these
services, among others:

   i. tabulate votes and perform subscription services as may be
requested or required in connection with any and all plans filed by
the Debtors and provide ballot reports and related balloting and
tabulation services to the Debtors and their professionals;

  ii. generate an official ballot certification and testify, if
necessary, in support of the ballot tabulation results; and

iii. perform such other administrative services as may be
requested by the Debtors that are not otherwise allowed under the
order approving the Section 156(c) application.

In connection with its appointment as administrative agent, KCC
represents, among other things, that:

   i. KCC will not consider itself employed by the United States
and will not seek any compensation from the United States in its
capacity as the administrative agent in the cases;

  ii. KCC waives any rights to receive compensation from the United
States in its capacity as the administrative agent in these cases;

iii. KCC will not be an agent of the United States and will not
act on behalf of the United States;

  iv. KCC will not misrepresent any fact to any person; and

   v. KCC will not employ any past or present employees of the
Debtors in connection with its work as the Administrative Agent in
these cases.

To the best of the Debtors' knowledge, KCC is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The Court also approved the indemnification provisions of the
parties' Services Agreement, subject to certain modifications.

                      About SFX Entertainment

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

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

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

Greenberg Traurig, LLP serves as the Debtors' counsel.   Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.  The Debtors tapped Bayard, P.A. as litigation and conflicts
counsel; Moelis & Company LLC as investment banker; and FTI
Consulting, Inc., as crisis and turnaround manager.  FTI's Michael
Katzenstein serves as the Debtors' chief restructuring officer.

Kaye Scholer LLP serves as counsel for the special committee of
independent directors of the Debtors.

Judge Mary F. Walrath is assigned to the case.

Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of SFX Entertainment Inc. and its affiliated debtors to
serve on the official committee of unsecured creditors.


SKAGIT RIVER: Case Summary & 14 Unsecured Creditors
---------------------------------------------------
Debtor: Skagit River Resort, LLC
        58468 Clark Cabin Road
        Rockport, WA 98283

Case No.: 16-11632

Chapter 11 Petition Date: March 28, 2016

Court: United States Bankruptcy Court
       Western District of Washington (Seattle)

Debtor's Counsel: Marc S. Stern, Esq.
                  1825 NW 65th Street
                  Seattle, WA 98117
                  Tel: 206-448-7996
                  E-mail: marc@hutzbah.com

Total Assets: $2.22 million

Total Liabilities: $894,828

The petition was signed by Don Clark, manager.

A list of the Debtor's 14 largest unsecured creditors is available
for free at http://bankrupt.com/misc/wawb16-11632.pdf


SOBELMAR ANTWERP: Asks Court to Restrain HSH From Vessels Take-Over
-------------------------------------------------------------------
Sobelmar Antwerp N.V., et al., ask the U.S. Bankruptcy Court to
restrain HSH Nordbank AG from taking any actions that are not
expressly authorized, specifically from contacting any third
parties, whether to effect a purported take-over of the vessels or
to obtain the Debtors' documents and information.

The Debtors further request that HSH be required to pay all
outstanding crew wages in order to avoid an arrest of the vessels
by the International Union for Seafarers (ITF) after having
received a demand from the ITF for payment of all Zarachensk crew
wages.

In addition, the Debtors also request the Court that HSH be
required to fund in advance all of the expenses and full
"Carve-Out" under the cash collateral order that it has been
ordered to pay in connection with the vessel repositionings, in
order to ensure that the expenses will be paid when due.

According to the Debtors, HSH's actions have caused confusion and
uncertainty to the Debtor's Vessels' captains and crew -- creating
unclear authority over the vessel and competing owners --
jeopardizing the life at sea for the crew and the assets for which
currently the Debtors have full responsibility.  HSH has undertaken
to cause its representatives to perform substantially more than an
inspection of the vessels as they are performing additional tasks
related to a take-over of the vessels, the Debtors continue.

The Repositions Order authorizes the Debtors to reposition the
Kovdor and the Vyritsa and to permit vessel inspections. The Court
has not issued any other orders, nor have the Debtors agreed,
either to turn over the Kovdor and the Vyritsa to HSH or to permit
HSH to take any actions -- including any action to contact third
parties directly -- other than to perform customary inspections and
pay all expenses in connection with the repositionings.

Sobelmar Antwerp N.V., et al. are represented by:

     Evan D. Flaschen, Esq.
     Katherine L. Lindsay, Esq.
     BRACEWELL LLP
     CityPlace I
     185 Asylum Street, 34th Floor
     Hartford, CT 06103
     Telephone: (860) 947-9000
     Facsimile: (800) 404-3970
     Email: Evan.Flaschen@bracewelllaw.com
            Kate.Lindsay@ bracewelllaw.com

HSH Nordbank AG is represented by:

     Michael R. Enright, Esq
     ROBINSON & COLE LLP
     280 Trumbull Street
     Hartford, CT 06103
     Telephone: (860) 275-8290
     Facsimile: (860) 275-8299
     Email: menright@rc.com

     -- and --

     John G. Kissane, Esq.
     Jane Freeberg Sarma, Esq.
     WATSON FARLEY & WILLIAMS LLP
     1133 Avenue of the Americas, 11th Floor
     New York, NY 10036
     Telephone: (212) 922-2200
     Facsimile: (212) 922-1512
     Email: jkissane@wfw.com  
            jfreeberg@wfw.com

        About Sobelmar Antwerp

Sobelmar Antwerp N.V., a Belgium corporation provides worldwide
seaborne transportation services, operating a fleet of four
handysize bulk carriers.  The vessels Brasschaat, Vyritsa, Kovdor,
and Zarachensk, are owned that are all Marshall Islands
corporations.

Sobelmar Antwerp N.V. and its affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Conn. Lead Case No. 15-20423) in
Hartford, Connecticut, in the United States on March 17, 2015.

The Debtors have approximately $66.2 million in assets and $63
million in liabilities as of Dec. 31, 2014.

The Debtors tapped Bracewell & Giuliani LLP, in Hartford,
Connecticut, as counsel.


SOBELMAR ANTWERP: HSH Can Take Control Over Vessels
---------------------------------------------------
Judge Ann M. Nevins of the U.S. Bankruptcy Court for the District
of Connecticut issued an order granting HSH Nordbank AG adequate
protection and lifting the automatic stay to allow HSH to assert
its rights as mortgagee of each of Sobelmar Antwerp N.V., et al.'s
Vessels.

Judge Nevins also authorized HSH to take physical control over the
Vessels.

HSH alleged that the Debtors own four vessels that are mortgaged to
HSH for which HSH holds an assignment of all monies due or to
become due under the charter contracts of these four vessels
between Pola Maritime Ltd. and the Debtors.  HSH also holds an
assignment of the earnings paid by Pola to the Debtors under the
Charters -- the Hire income, which is the Debtors' only source of
income.

HSH asked the Court for adequate protection in anticipation of the
Debtors' eroding income causing significant risk to the value of
HSH's Collateral during the bankruptcy proceeding. HSH contends
that approximately $500,000 is owed the crew alone while the value
of the outstanding loans to the Debtors under the Loan Agreements
far exceeds the estimated value of the Vessels.

In response, the Debtors argued that HSH cannot have both relief
from the stay and other related relief in the form of adequate
protection, which includes seizure of the forthcoming net charter
payments from Pola.  The Debtors argued that the HSH motion seeks
for an assumption and assignment of the Pola contracts and for an
immediate direction that the Debtors instruct Pola to make all
charter payments directly to HSH, thus, if turnover either of cash
on hand or the Pola charter payments is ordered, the Debtors will
be in a state of "ongoing cessation of payment" and will also be
unable to comply with their statutory obligations with respect to
employee-related obligations.

The Debtors are authorized and directed to reposition the m/v
BRASSCHAAT and the m/v ZARECHENSK, including to the berth or
anchorage in Gdynia, Poland, as directed by HSH, upon HSH's
instruction and control and at HSH's expense.

The Debtors are directed to permit one or more nominees,
inspectors, and/or observers onboard the m/vs BRASSCHAAT,
ZARECHENSK, KOVDOR and VYRITSA to inspect and remain on each of the
Vessels, and to perform such other tasks as are necessary to
safeguard the crew, Vessels and other property that is subject to
HSH's mortgages, at HSH's expense.

HSH is authorized to take, and Debtors are required to cooperate
with, such actions as would be reasonably foreseeable and necessary
to effect an efficient and orderly turn-over and/or sale and
transfer of the commercial and technical management of the Vessels
from the Debtors to HSH's nominee(s), and actions to cooperate with
discussions or inquiries related to same with the appropriate
vessel registries or other third parties. No transfer of titles to
the Vessels is effectuated by the Order.

HSH will pay outstanding crew wages due the crew members of the
Vessels. HSH will replace the existing crew, managers, officers and
other personnel with crew, managers, officers and other personnel
selected by HSH at HSH's expense and liability. At no time after
the turn-over of technical management to HSH will HSH permit any
Vessel to be unmanned.

The Debtors are required to purchase the remaining bunkers and
lubes onboard from Pola, which the Debtors are seeking to do as a
deduction from the remaining charter payments due from Pola, if
made. The Order is without prejudice to HSH's or the Debtors'
assertions, and no transfer involving any of the Vessels shall
affect such assertions regardless of what happens with the bunkers
and lubes before or after each transfer of management control to
HSH's nominee(s).

The Order is without prejudice to the rights of HSH to seek
recoupment of any such costs incurred in connection with the above
out of the Debtors' funds, including bank accounts wherever located
and any charter payments received or to be received from Pola. The
take-over of management of the Vessels by HSH will not affect in
any manner the "Carve-Out" and lien subordination in the cash
collateral order.

Sobelmar Antwerp N.V., et al. are represented by:

     Evan D. Flaschen, Esq.
     Katherine L. Lindsay, Esq.
     BRACEWELL LLP
     CityPlace I
     185 Asylum Street, 34th Floor
     Hartford, CT 06103
     Telephone: (860) 947-9000
     Facsimile: (800) 404-3970
     Email: Evan.Flaschen@bracewelllaw.com
     Kate.Lindsay@ bracewelllaw.com

HSH Nordbank AG is represented by:

     Michael R. Enright, Esq
     ROBINSON & COLE LLP
     280 Trumbull Street
     Hartford, CT 06103
     Telephone: (860) 275-8290
     Facsimile: (860) 275-8299
     Email: menright@rc.com

     -- and --

     John G. Kissane, Esq.
     Jane Freeberg Sarma, Esq.
     WATSON FARLEY & WILLIAMS LLP
     1133 Avenue of the Americas, 11th Floor
     New York, NY 10036
     Telephone: (212) 922-2200
     Facsimile: (212) 922-1512
     Email: jkissane@wfw.com  
            jfreeberg@wfw.com

          About Sobelmar Antwerp

Sobelmar Antwerp N.V., a Belgium corporation provides worldwide
seaborne transportation services, operating a fleet of four
handysize bulk carriers.  The vessels Brasschaat, Vyritsa, Kovdor,
and Zarachensk, are owned that are all Marshall Islands
corporations.

Sobelmar Antwerp N.V. and its affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Conn. Lead Case No. 15-20423) in
Hartford, Connecticut, in the United States on March 17, 2015.

The Debtors have approximately $66.2 million in assets and $63
million in liabilities as of Dec. 31, 2014.

The Debtors tapped Bracewell & Giuliani LLP, in Hartford,
Connecticut, as counsel.


SOUTHCROSS HOLDINGS: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor affiliates filing Chapter 11 bankruptcy petitions:

      Debtor                                     Case No.
      ------                                     --------
      Southcross Holdings LP                     16-20111
      1717 Main Street, Suite 5200
      Dallas, TX 75201

      Frio LaSalle Pipeline, LP                  16-20101

      Frio LaSalle GP, LLC                       16-20102

      TexStar Midstream Utility, LP              16-20103

      TexStar Midstream T/U GP, LLC              16-20104

      TexStar Midstream Services, LP             16-20105

      TexStar Midstream GP, LLC                  16-20106

      Southcross Holdings Borrower LP            16-20107

      Southcross Holdings Borrower GP, LLC       16-20108

      Southcross Holdings Guarantor LP           16-20109

      Southcross Holdings Guarantor GP, LLC      16-20110

      Southcross Holdings GP LLC                 16-20112

Type of Business: Oil and Gas Industry

Chapter 11 Petition Date: March 27, 2016

Court: United States Bankruptcy Court
       Southern District of Texas (Corpus Christi)

Judge: Hon. Marvin Isgur

Debtors' General    James Sprayregen, Esq.
Bankruptcy          Anup Sathy, Esq.
Counsel:            Chad Husnick, Esq.
                    Emily E. Geier, Esq.
                    KIRKLAND & ELLIS LLP
                    300 North LaSalle
                    Chicago, IL 60654
                    Tel: (312) 862-2000
                    Fax: (312) 862-2200
                    Email: james.sprayregen@kirkland.com
                           anup.sathy@kirkland.com
                           chad.husnick@kirkland.com
                           emily.geier@kirkland.com

Debtors' Counsel    Zack A Clement, Esq.
Co-Counsel:         ZACK A. CLEMENT PLLC
                    3753 Drummond Street
                    Houston, TX 77025
                    Tel: 832-274-7629
                    Email: zack.clement@icloud.com

Debtors'            HOULIHAN LOKEY CAPITAL, INC.     
Financial
Advisor:

Debtors'            ALVAREZ & MARSAL
Restructuring
Advisor:

Debtors'            EPIQ SYSTEMS
Claims and
Noticing
Agent:

Estimated Assets: $1 billion to $10 billion

Estimated Debts: $1 billion to $10 billion

The petition was signed by Bret M. Allan, authorized signatory.

List of Debtors' 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Culberson Construction Inc.           Trade Debt      $1,080,916
4500 Colony RD
Granbury, TX 76048
Name: Brad Culberson
Tel: 817-573-3079
Fax: 817-573-5349
Email: info@ccincservices.com

CCC Group, Inc.                       Trade Debt        $773,571
5797 Dietrich Road
San Antonio, TX 78219
Name: Tim Henning
Tel: 210-661-4251
Fax: 210-661-6060

H & S Constructors Inc.               Trade Debt        $505,216
1616 Valero Way
Corpus Christi, TX 78469
Name: Patrick J. Horne
Tel: 361-289-5272
Fax: 361-289-1572
Email: contact@hsconstructors.com

Core Engineering LLC                  Trade Debt         $272,287
842 Cantwell Lane
Corpus Christi, TX 78408
Name: Danny Clark
Tel: 361-452-3532
Fax: 361-452-3517
Email: info@coreengg.com

Roto Versal Compression Service       Trade Debt         $230,302
13223 FM 529 Road
Houston, TX 77041
Name: Ken Plocek
Tel: 713-538-2800
Fax: 713-538-2820
Email: ken.plocek@roto-versal.com

D&M Fabrication, LLC                  Trade Debt         $159,431  
  
Email: jason@dandmfabrication.com

Mueller Environmental Designs, Inc.   Trade Debt         $144,413

Utilitech Power Products              Trade Debt         $135,924
Email: gjohnson@utilitechpower.com
mjohnson@utilitechpower.com

Safway Services, LLC                  Trade Debt         $125,708
Email: info_request@safway.com

ESP Petrochemicals, Inc.              Trade Debt         $118,022

Pipeline Land Services, Inc.          Trade Debt          $98,303
Email: info@pipelinelandservices.com

H & S Valve, Inc.                     Trade Debt          $94,004
Email: administration@hsvalveinc.com

Summit Electric Supply                Trade Debt          $87,410
Email: info@summit.com

Flatrock Engineering &                Trade Debt          $86,432
Environmental, LTD.
Email: wade.ingle@flatrockenergy.com

Knighten Machine & Service, Inc.      Trade Debt          $64,077

Aventine Hill Partners, Inc.          Trade Debt          $54,884
Email: sanantonio@aventinehillinc.com

Atlas PL Southtex Processing          Trade Debt     Undetermined
Company LP

BP Energy Company                     Trade Debt     Undetermined

DCP South Central Texas LLC           Trade Debt     Undetermined

Sanchez Energy Corporation            Trade Debt     Undetermined
Email: ir@sanchezenergycorp.com


SOUTHCROSS HOLDINGS: Files for Chapter 11 With Pre-Packaged Plan
----------------------------------------------------------------
Southcross Holdings LP and certain of its affiliates filed
petitions under Chapter 11 Bankruptcy Code in the U.S. Bankruptcy
Court for the Southern District of Texas (Bankr. S.D. Tex. Lead
Case No. 16-20111), estimating assets and liabilities in the range
of $1 billion to $10 billion.  As of the Petition Date, the Debtors
were liable for approximately $616 million in funded debt
obligations, which amount includes approximately $50 million
outstanding under a senior secured asset-based revolving facility
and approximately $566 outstanding under a senior secured term loan
facility.

On the Petition Date, Southcross filed a pre-packaged plan of
reorganization which, if approved, is expected to result in the
elimination of almost $700 million of funded debt and preferred
equity obligations of Holdings along with a new equity investment
from certain of its existing equity holders.  A copy of the
disclosure statement explaining the Debtors' Plan is available for
free at http://bankrupt.com/misc/25_SOUTHCROSS_Disclosure.pdf

On March 21, 2016, Holdings commenced solicitation of votes for the
Plan.  As of the Petition Date, 100% of the votes that have been
submitted in every voting class have accepted the Plan.  As a
result, Holdings now has sufficient votes in both number and amount
to carry every voting class under the Plan.  The deadline to vote
to accept the Plan was on March 28, 2016.

To fund operations during the Proceedings, certain of Holdings'
owners will provide up to $85 million in debtor-in-possession
financing.  An additional $85 million will be provided upon the
effective date of the Plan.  In exchange for this $170 million
investment, those owners will receive two-thirds of the equity of
reorganized Holdings.  Holdings believes that this process provides
the swiftest and most efficient means to restructure its debt,
bring its capital structure in line with current commodity prices,
and provide adequate liquidity to support operations and any
funding requirements, including potential equity needs at
Southcross.

In a declaration filed with the Court, Jason Feintuch, senior vice
president with Houlihan Lokey Capital, Inc., investment banker to
Southcross, said: "Southcross's business recently has come under
significant pressure from macroeconomic forces beyond its control.
  "The significant, sustained decline in oil and gas prices over
the course of the past eighteen months has greatly reduced new
upstream drilling activity, which has, in turn, led to stagnant and
reduced volumes in the midstream sector."

Southcross Holdings owns 60% of Southcross Energy Partners, L.P.
("MLP") and 100 percent of Southcross Energy Partners GP, LLC
("MLP GP").  Both are not included in the proceedings and their
operations and employees, customers, suppliers, partners, and other
constituents are not affected.

The MLP, and certain of its direct and indirect subsidiaries as
guarantors, are liable for approximately $642 million in funded
debt obligations, including: (a) a $200 million senior secured
asset-based revolving credit facility, under which approximately
$185 million is currently outstanding; (b) a $450 million senior
secured term loan credit facility under which $443 million is
currently outstanding; and (c) $14 million outstanding under the
MLP PIK Notes.  Under the terms of the MLP Credit Facilities,
interest and amortization payments will come due by March 31,
2016.

According to Court documents, under the terms of the MLP Credit
Facilities, the MLP Entities must deliver an unqualified audit
report in connection with their annual audited financial statements
by no later than April 15, 2016.  If the Debtors are unable to
confirm and consummate the Plan in sufficient time to permit the
MLP Entities to obtain an unqualified audit report by April 15,
2016, the MLP Entities' will be in default under the terms of the
MLP Credit Facilities, which would exacerbate the current
enterprise-wide liquidity crisis, and could result in a Chapter 11
filing of the MLP Entities.  

                            The Plan

Generally, the Restructuring Support Agreement and Plan contemplate
the following recoveries to holders of claims against and interests
in the Debtors:

   * payment in full of all administrative and priority claims in
     cash at emergence;

   * conversion of the Proposed DIP Financing obligations to 33.33

     percent of the New Equity;

   * reinstatement of all intercompany arrangements with the MLP
     Entities;

   * holders of claims arising under the Holdings Revolver will
     receive their pro rata share of the loans arising under a new

     $50 million term loan A credit facility;

   * holders of claims arising under the Holdings Term Loan will
     receive their pro rata share of approximately 33.34 percent
     of the New Equity and the loans arising under a new $75
     million term loan B credit facility;

   * holders of general unsecured claims will receive a recovery
     of 100 percent, to be paid in cash, or otherwise provided
     such treatment as to render their claims unimpaired;

   * the Class B Unitholders will receive their pro rata share of
     $100,000; and

   * all existing common equity interests in Holdings and Holdings

     GP will be canceled.

                       The Proposed Timeline

The RSA and Proposed DIP Financing require the Debtors to move
forward with the restructuring contemplated by the RSA and Plan as
expeditiously as possible.  The support of the signatories to the
RSA is contingent upon, among other things, the Debtors meeting the
following restructuring milestones:

   * the Debtors commence solicitation of the Plan within 5 days
     of the RSA effective date;

   * the Debtors commence Chapter 11 cases on or before March 28,
     2016;

   * the Court enters a final order approving the Proposed DIP
     Financing within 45 days of the entry of the order approving
     the Proposed DIP Financing on an interim basis;

   * the hearing with respect to confirmation of the Plan
     commences within 90 days of the Petition Date;

   * the Court enters an order confirming the Plan within 130 days

     of the Petition Date; and

   * the effective date of the Plan occurs within 150 days of the
     Petition Date.

A full-text copy of the RSA is available at no charge at:

         http://bankrupt.com/misc/7_SOUTHCROSS_RSA.pdf

                         First Day Motions

The Debtors have filed a number of "first day" motions seeking
orders granting various forms of relief intended to stabilize their
business operations, facilitate the efficient administration of
their Chapter 11 cases, and expedite a swift and smooth
restructuring of their balance sheet.  Specifically, the Debtors
seek permission to, among other things, obtain postpetition
financing and use cash collateral, pay employee obligations,
continue their intercompany transactions, pay prepetition claims of
vendors in the ordinary course of business, prohibit utility
providers from discontinuing services, pay prepetition taxes and
fees.

Copies of the declarations in support for the First Day Motions are
available for free at:

      http://bankrupt.com/misc/7_SOUTHCROSS_Declaration.pdf
      http://bankrupt.com/misc/8_SOUTHCROSS_Declaration.pdf

The Debtors have hired Kirkland & Ellis LLP as general bankruptcy
counsel, Zack A. Clement PLLC as co-counsel, Houlihan Lokey
Capital, Inc. as financial advisor, Alvarez & Marsal as
restructuring advisor and Epiq Systems as claims and noticing
agent.


SOUTHCROSS HOLDINGS: Files Pre-Packaged Plan of Reorganization
--------------------------------------------------------------
Southcross Holdings LP on March 28 disclosed that it has filed a
pre-packaged plan of reorganization under Chapter 11 of the U.S.
Bankruptcy Code (the "POR") in the Southern District of Texas to
continue its financial restructuring (the "Proceedings").  If
approved, the POR is expected to result in the elimination of
almost $700 million of funded debt and preferred equity obligations
of Holdings along with a new equity investment from certain of its
existing equity holders.  Holdings anticipates that, among other
things, it will receive court authority to continue to pay all of
its trade creditors, suppliers and contractors in the ordinary
course of business and any amounts owed by Holdings to these
parties will not be impacted by the Proceedings.

Southcross Energy Partners, L.P. ("Southcross") and its
subsidiaries are not included in the Proceedings and their
operations and employees, customers, suppliers, partners, and other
constituents are not affected.  Southcross Energy Partners GP, LLC
is also not a part of the Proceedings.

On March 21, 2016, Holdings commenced solicitation of votes for the
POR.  As of March 28, 2016, 100% of the votes that have been
submitted in every voting class have accepted the POR.  As a
result, Holdings now has sufficient votes in both number and amount
to carry every voting class under the POR.  The deadline to vote to
accept the POR was 4:00 P.M. Eastern Time on March 28, 2016.

To fund operations during the Proceedings, certain of Holdings'
owners will provide up to $85 million in debtor-in-possession
financing.  An additional $85 million will be provided upon the
effective date of the POR.  In exchange for this $170 million
investment, such owners will receive two-thirds of the equity of
reorganized Holdings.  Holdings believes that this process provides
the swiftest and most efficient means to restructure its debt,
bring its capital structure in line with current commodity prices,
and provide adequate liquidity to support operations and any
funding requirements, including potential equity needs at
Southcross.

                  About Southcross Holdings LP

Southcross Holdings LP, through its subsidiary Southcross Holdings
Borrower LP, owns 100% of Southcross Energy Partners GP, LLC, the
general partner of Southcross, as well as a portion of Southcross'
common units, and all of Southcross' subordinated units and Class B
convertible units.  Holdings also owns natural gas gathering and
treating assets as well as NGL pipelines and fractionation
facilities in South Texas.


SPORTS AUTHORITY: Gets Court Okay to Hire Kurtzman as Claims Agent
------------------------------------------------------------------
Sports Authority Holdings Inc. received the green light from the
U.S. Bankruptcy Court in Delaware to hire Kurtzman Carson
Consultants LLC as its claims and noticing agent.

The firm will serve as the custodian of court records and will be
designated as authorized repository for all proofs of claim filed
in the company's Chapter 11 case, according to court filings.

                 About Sports Authority Holdings

Sports Authority Holdings, et al., are sporting goods retailers
with roots dating back to 1928.  The Debtors currently operate 464
stores and five distribution centers across 40 U.S. states and
Puerto Rico.  The Debtors offer a broad selection of goods from a
wide array of household and specialty brands, including Adidas,
Asics, Brooks, Columbia, FitBit, Hanesbrands, Icon Health and
Fitness, Nike, The North Face, and Under Armour, in addition to
their own private label brands.  The Debtors employ 13,000 people.

Sports Authority and six of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10527 to
16-10533) on March 2, 2016.  The petitions were signed by Michael
E. Foss as chairman & chief executive officer.

The Debtors have engaged Gibson, Dunn & Crutcher LLP as general
counsel, Young Conaway Stargatt & Taylor, LLP as co-counsel,
Rothschild Inc. as investment banker, FTI Consulting, Inc., as
financial advisor and Kurtzman Carson Consultants LLC as notice,
claims, solicitation, balloting and tabulation agent.


SPORTS AUTHORITY: Hires A & G Realty as Real Estate Advisor
-----------------------------------------------------------
Sports Authority Holdings, Inc, et al., seek authorization from the
U.S. Bankruptcy Court for District of Delaware to employ A & G
Realty Partners, LLC as real estate advisor to the Debtor, nunc pro
tunc to March 2, 2016.

The Debtor requires A & G to:

   (a) consult with the Debtors to discuss the Debtors' goals,
       objectives, and financial parameters in relation to the
       Leases;

   (b) negotiate with the landlords of leased properties on
       behalf of the Debtors to assist the Debtors in obtaining
       Lease modifications and/or extensions of the time to
       assume or reject for certain of the Leases;

   (c) negotiate with the landlords of Leased properties and
       other third parties on behalf of the Debtors to assist the
       Debtors in obtaining Lease terminations, sales, and/or
       assignments for certain of the Leases;

   (d) perform desktop real estate analysis for the Debtor;

   (e) negotiate with the landlords of Leased properties and
       other third parties on behalf of the Debtors to assist the
       Debtors in obtaining Lease claim mitigations for certain
       of the Leases, as applicable; and

   (f) report periodically to the Debtors regarding the status of
       negotiations and performance of the Services.

A & G will be paid as follows:

   (a) Monetary Lease Modification -- For each Monetary Lease
       Modification attained by A & G on behalf of the Debtors, A
       & G shall earn and be paid a fee of 3% of the Occupancy
       Savings per Lease, except for any Occupancy Cost Savings
       related solely to a reduction on base term. The fee for
       Occupancy Cost Savings related to a reduction of base term
       shall be $1,000.00 per lease.

   (b) Non-Monetary Lease Modification -- No fee shall be owed to
       A & G for Non-Monetary Lease Modification, unless A & G
       was unable to otherwise secure any Occupancy Cost Savings,
       in which case such fee shall be $500.00 per lease.

   (c) Early Termination Rights (Leases) -- For each Early
       Termination Right obtained by A & G on behalf of the
       Debtors, A & G shall earn and be paid a fee of $750.00 per
       Lease ("Lease Early Termination Rights Fee"). A & G shall
       be paid the Lease Early Termination Rights Fee upon the
       landlord's execution of a Document. No additional fees
       shall be due to A & G if the Early Termination Right is
       exercised.

   (d) Lease Terminations/Sales/Assignments/Sale of Designation
       Rights -- For each Lease Termination/Sale/Assignment
       attained by A & G on behalf of the Debtors, A & G shall
       earn and be paid a fee of 3% of the Gross Proceeds.

   (e) Lease Claim Mitigations -- For each Lease Claim Mitigation
       negotiated by A & G on behalf of the Debtors, A & G shall
       earn and be paid a fee of 3% of the Gross Proceeds per
       claim. Reductions of 504(b)(6) claims will be calculated
       based upon the dividend paid to unsecured creditors.

   (f) Desktop Real Estate Analysis -- A & G shall be paid a fee
       of $75,000 upon completion of a desktop market value
       analysis.

   (g) Time Extensions to Assume or Reject Lease -- For each time
       extension to assume or reject the Lease negotiated by A &
       G on behalf of the Company, A & G will earn and be paid a
       fee of $500 per Lease.

Additionally, the Debtors have paid A & G a non-refundable retainer
fee in the amount of $75,000, which is to be applied to the fees
due under the Service Agreement.

A & G will also be reimbursed for reasonable out-of-pocket expenses
incurred.

Emilio Amendola, Co-President of A & G, 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.

A & G Realty Partners, LLC can be reached at:

       Emilio Amendola
       A & G REALTY PARTNERS, LLC
       445 Broadhollow Road, Suite 410
       Melville, NY 11747
       Tel: (631) 420-0044
       Fax: (631) 420-4499
       E-mail: Emilio@agrealtypartners.com

                     About Sports Authority

Headquartered in Englewood, Colorado, Sports Authority is one of
the largest full-line sporting goods retailers, with 463 locations
across 41 states and Puerto Rico. Sports Authority offers a broad
range of sporting goods from leading brands and is the active
family’s destination for footwear, apparel, fitness, team sports
and outdoor recreation.

Sports Authority Holdings, Inc., and six of its affiliates filed
voluntary Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
16-10527 to 16-10533) on March 2, 2016.  The case has been assigned
to Judge Mary F. Walrath.

Sports Authority Holdings, Inc., has estimated assets of $0 to
$50,000; and estimated debt of $1 million to $10 million.  The
petitions were signed by Michael E. Foss as chairman and chief
executive officer.

The Debtors have engaged Gibson, Dunn & Crutcher LLP as general
counsel, Young Conaway Stargatt & Taylor, LLP as co-counsel,
Rothschild Inc. as investment banker, FTI Consulting, Inc., as
financial advisor and Kurtzman Carson Consultants LLC as notice,
claims, solicitation, balloting and tabulation agent.

Andrew Vara, Acting U.S. trustee for Region 3, has appointed seven
creditors to serve on the official committee of unsecured
creditors.


SPORTS AUTHORITY: Hires Young Conaway as Co-Counsel
---------------------------------------------------
Sports Authority Holdings, Inc, et al., seek authorization from the
U.S. Bankruptcy Court for the District of Delaware to employ Young
Conaway Stargatt & Taylor, LLP as co-counsel to the Debtor, nunc
pro tunc to March 2, 2016.

Sports Authority requires Young Conaway to:

   -- provide legal advice with respect to the Debtors' powers
      and duties as debtors in possession in the continued
      operation of their business, management of their
      properties, and the potential sale of substantially all of
      their assets;

   -- prepare and pursue confirmation of a plan and approval of a
      disclosure statement, as applicable;

   -- prepare on behalf of the Debtors, necessary applications,
      motions, answers, orders, reports, and other legal papers;

   -- appear in Court and protecting the interests of the Debtors
      before the Court; and

   -- perform all other legal services for the Debtors that may
      be necessary and proper in the proceedings.

Young Conaway professionals who will work on the case and their
hourly rates are:

   (a) Michael R. Nestor               $780
   (b) Kenneth J. Enos                 $540
   (c) Andrew L. Magaziner             $460
   (d) Elizabeth S. Justison           $370
   (e) Troy Bollman (paralegal)        $210

Young Conaway received an initial retainer of $100,000 in
connection with the planning and preparation of initial documents
and its proposed post-petition representation of the Debtor as well
as for chapter 11 filing fees. Young Conaway received a replenished
retainer in the amount of $102,637.60. After applying a portion of
the replenished retainer to the outstanding balance as of the
petition date, including fees and expenses associated with the
filing of the Chapter 11 cases, Young Conaway continues to hold a
retainer in the amount of $30,025.20.

Michael R. Nestor, partner of Young Conaway Stargatt & Taylor, LLP,
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.

Young Conaway can be reached at:

     Michael R. Nestor, Esq.
     YOUNG CONAWAY STARGATT & TAYLOR, LLP
     Rodney Square
     1000 North King Street
     Wilmington, DE 19801
     Tel: (302) 571-6600
     Fax: (302) 571-1253
     E-mail: mnestor@ycst.com

                      About Sports Authority

Headquartered in Englewood, Colorado, Sports Authority is one of
the largest full-line sporting goods retailers, with 463 locations
across 41 states and Puerto Rico. Sports Authority offers a broad
range of sporting goods from leading brands and is the active
family’s destination for footwear, apparel, fitness, team sports
and outdoor recreation.

Sports Authority Holdings, Inc., and six of its affiliates filed
voluntary Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
16-10527 to 16-10533) on March 2, 2016.  The case has been assigned
to Judge Mary F. Walrath.

Sports Authority Holdings, Inc., has estimated assets of $0 to
$50,000; and estimated debt of $1 million to $10 million.  The
petitions were signed by Michael E. Foss as chairman and chief
executive officer.

The Debtors have engaged Gibson, Dunn & Crutcher LLP as general
counsel, Young Conaway Stargatt & Taylor, LLP as co-counsel,
Rothschild Inc. as investment banker, FTI Consulting, Inc., as
financial advisor and Kurtzman Carson Consultants LLC as notice,
claims, solicitation, balloting and tabulation agent.

Andrew Vara, Acting U.S. trustee for Region 3, has appointed seven
creditors to serve on the official committee of unsecured
creditors.


STANLEY J. CATERBONE: Court Affirms Ch. 11 Dismissal
----------------------------------------------------
Debtor, Stanley J. Caterbone, initiated this Chapter 11 proceeding
when he filed his petition seeking reorganization on January 27,
2016.  The Debtor failed to attend the February 5, 2016 status
conference and the February 18, 2016 hearings, which were held
before he was committed to the mental health facility. Because he
missed those appearances and with the background of other
difficulties in this proceeding, the case was dismissed on February
18, 2016.  On March 4, 2016, 15 days after the dismissal order, the
Debtor filed what he captions "Motion for Application for Leave to
U.S. District Court To Appeal Order of February 17 [sic],3 2016,"
which this Bankruptcy Court as treated as a Notice of Appeal.

In a Memorandum Opinion dated March 7, 2016, which is available at
http://is.gd/ZkQVjxfrom Leagle.com, Judge Richard E. Fehling of
the United States Bankruptcy Court for the Eastern District of
Pennsylvania affirmed the February 18, 2016 Order dismissing this
case.

Although the Debtor's failure to attend the hearings was not
formally asserted in either Judge Fehling's bench order or written
order dismissing his case, they support the dismissal, the court
held.

The case is In re: STANLEY J. CATERBONE, Chapter 11, Debtor, Case
No. 16-10517REF (Bankr. E.D Pa.).

United States Trustee, U.S. Trustee, is represented by DAVE P.
ADAMS, United States Trustee.


STEVEN LEN HOWARD: Bankruptcy Counsel's Final Fee Disallowed
------------------------------------------------------------
Before the Court is the final fee application of debtor Steven Len
Howard's Chapter 11 counsel, William F. Davis & Assoc., P.C.  The
Firm filed its first and final fee application on May 12, 2015,
seeking fees and costs of $61,678.  The United States Trustee's
office objected to the application, arguing that counsel should not
be paid for, inter alia, proposing two unconfirmable Chapter 11
plans.

In a Memorandum Opinion dated March 3, 2016, which is available at
http://is.gd/0FUtpofrom Leagle.com, Judge David T. Thuma of the
United States Bankruptcy Court for the District of New Mexico
concluded that the fees charged for the second plan and disclosure
statement were not necessary and should be disallowed.

The case is In re: STEVEN LEN HOWARD and JUDY ANN PIMENTEL,
Debtors, No. 14-11297 (Bankr. N.D. Mex.).

Steven Len Howard, Debtor, is represented by William F. Davis,
Esq., Nephi D Hardman, Esq. -- William F. Davis & Assoc., P.C..

Michael J. Caplan, Trustee, is represented by Michael J. Caplan,
Michael K Daniels, Esq. -- mike@mdanielslaw.com

United States Trustee, U.S. Trustee, is represented by Leonard K
Martinez-Metzgar, Esq.


STOCK BUILDING: Ga. Court Affirms Denial of Summary Judgment
------------------------------------------------------------
The Court of Appeals of Georgia, Second Division, affirmed the
ruling of the trial court, which denied the motions for summary
judgment respectively filed by Platte River Insurance Company and
Stock Building Supply, Inc., in the case captioned STOCK BUILDING
SUPPLY, INC. v. PLATTE RIVER INSURANCE COMPANY; and vice versa,
A15A2301, A15A2302 (Ga. Ct. App.).

Stock obtained a judgment against Cannon/Estapa General
Contractors, Inc. for the full amount on a project for which Stock
was engaged by Cannon as a sub-contractor, but which Cannon had not
completed. Platte, the surety for the project, issued a bond to
discharge Stock's lien on the project.  Stock then filed an action
against Platte to collect the judgement in the amount of
$93,865.27.  Both Platte and Stock moved for summary judgment.

The trial court denied Platte's motion for summary judgment on
judicial estoppel grounds, and found there were genuine issues of
material fact regarding the lien amount and Platte's full payment
defense.  The parties appealed and cross-appealed, respectively.  

Platte argued that Stock is judicially estopped from enforcing the
lien because it failed to include the lien as an asset in its
bankruptcy proceeding.

The Court of Appeals of Georgia found that the trial court properly
rejected Platte's judicial estoppel argument.  The appellate court
explained that Stock had filed a prepackaged Chapter 11 bankruptcy
petition which did not include or require a schedule of assets, and
that Stock's bankruptcy petition included a specific provision to
preserve any causes of action.

For its part, Stock argued that it was entitled to recover all of
its costs under the lien, including overhead, profit, and insurance
costs pursuant to the legislature's 2013 amendments to OCGA Section
44-14-361 which clarified that materialmen could recover the full
contract price.

On this matter, the Court of Appeals of Georgia agreed with the
trial court in holding that the amendments to Section 44-14-364
were substantive in nature and thus could not be applied
retroactively.  The appellate court also agreed with the trial
court's conclusion that an issue of fact remains regarding whether
Stock can show that the total amount it claimed under its lien
covers only the lienable items.

Stock also argued that it was entitled to summary judgment on
Platte's full payment defense because Platte failed to show that
the money paid by the project owner under the contract was applied
to pay Stock.  The appellate court held that the trial court
properly found that a genuine issue of material fact remained with
regard to Platte's full payment defense because although Platte can
show payments made to Cannon, it has not shown that those payments
were appropriated to Stock's labor, materials, and services.

A full-text copy of the Court of Appeals of Georgia's March 9, 2016
opinion is available at http://is.gd/K7ALFvfrom Leagle.com.


SUNEDISON INC: TerraForm Global Cites Bankruptcy Risk
-----------------------------------------------------
Brian Eckhouse, writing for Bloomberg Brief, reported that
SunEdison Inc., the world's biggest clean-energy developer, fell in
pre-market trading after a yieldco it controls said the founder may
seek bankruptcy protection.

According to the report, SunEdison has already postponed the
release of its 2015 annual report, twice.  If it fails to file the
report by March 30, it must reach accommodations with lenders on at
least $1.4 billion in loans and credit facilities or face a
potential technical default, the report said.

Maryland Heights, Missouri-based SunEdison fell 34 percent to 83
cents at 8:12 a.m. in New York before the start of regular trading,
the March 29 report said.  TerraForm Global Inc., the yieldco
formed and controlled by SunEdison, fell 16 percent to $2.10,
Bloomberg added.

SunEdison Inc. and units SunEdison Holdings Corp. and TerraForm
Power Inc. were hit with a lawsuit on Feb. 10, 2016, by
shareholders of Latin America Power Holding BV seeking  $150
million to satisfy a possible arbitral award against SunEdison for
backing out.

                          *     *     *

As reported by the Troubled Company Reporter on Dec. 24, 2015,
Standard & Poor's Ratings Services lowered its corporate credit
rating on TerraForm Power Inc. (TERP) to 'B-' from 'B+'.  The
outlook is negative.

At the same time, S&P lowered the rating on TerraForm Power
Operating LLC's senior unsecured debt to 'B-' from 'B+'.  The
recovery rating on this debt is '4', indicating expectations of
average (30% to 50%; upper half of the range) recovery if a default
occurs.

S&P is lowering its corporate credit rating on TerraForm Global
Inc. (GLBL) to 'B' from 'B+'.  The outlook is negative.  At the
same time, S&P is lowering its rating on Terraform Global Operating
LLC's senior unsecured debt to 'B' from 'B+' and on the senior
secured debt to 'BB-' from 'BB'.  The recovery rating on the senior
unsecured debt is '3', indicating S&P's expectation of meaningful
(50% to 70%; upper half of the range) recovery if a default occurs.


TATOES LLC: To Continue Operating Under Contract With Eagle Eye
---------------------------------------------------------------
Tatoes, LLC, Wahluke Produce, Inc. and Columbia Manufacturing,
Inc., ask permission from the Bankruptcy Court to temporarily
continue performing under a pre-petition marketing agreement with
Eagle Eye Produce, Inc., for the sale of their onions and potatoes,
pending their election to assume or reject that contract.

In addition, the Debtors ask the Court to authorize Eagle Eye to:

  (a) continue selling Wahluke's and Columbia's inventory
      according to the terms and conditions of the Marketing
      Agreement;

  (b) withhold, from post-postpetition payments due to Wahluke and
      Columbia, any pre-petition amounts owed to it under the
      Marketing Agreement

  (c) pay and withhold from post-petition payments due to Wahluke
      and Columbia any charges, expenses or other amounts due on
      account of post-petition sales; and

  (d) make post-petition payments to bank accounts as directed by
      the Court.

On or about June 1, 2015, Wahluke and Eagle Eye entered into the
Marketing Agreement.  Under the Marketing Agreement, Eagle Eye acts
as a commission merchant and in exchange received a commission
equal to 5% of the gross F.O.B. sales price for products sold.  As
of the Petition Date, the Eagle Eye receivable was approximately
$3.47 million, Court documents show.

"In order to maximize the value of Wahluke's and Columbia's
inventory it is essential that Eagle Eye continue to have the
ability to sell such product to its ultimate customers in the
ordinary course of business, such that no disruption of sales
occurs," said Roger W. Bailey, Esq., at Bailey & Busey PLLC,
counsel for the Debtors.

According to Mr. Bailey, Eagle Eye has indicated to the Debtors
that it is willing to continue selling inventory pursuant to the
terms of the Marketing Agreement so long as it is authorized to
continue paying itself pursuant to the terms of the Marketing
Agreement.

                         About Tatoes LLC

Tatoes, LLC, Wahluke Produce, Inc. and Columbia Manufacturing,
Inc., are engaged in farming, packing, storing, and selling
potatoes, onions and wheat.  Each of the Debtors filed Chapter 11
bankruptcy petitions (Bankr. E.D. Wash. Case Nos. 16-00900,
16-00899 and 16-00898, respectively) on March 21, 2016.

Tatoes LLC estimated assets and liabilities in the range of $10
million to $50 million.  Wahluke Produce and Columbia Man.
estimated assets in the range of $50 million to $100 million and
liabilities of up to $100 million.

Bailey & Busey LLC represents the Debtors as counsel.


TAYLOR-WHARTON: Has Until May 3 to File Liquidation Plan
--------------------------------------------------------
Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the
District of Delaware extended through and including May 3, 2016,
the period by which Taylor-Wharton International LLC, et al., have
exclusive right to file a plan and through and including July 5,
2016, the period by which the Debtors have exclusive right to
solicit acceptances of that plan.

The Debtors originally asked the Court to extend their exclusive
plan filing period through and including June 3, 2016, and their
exclusive solicitation period through and including August 2, 2016.
In support of their Exclusivity Motion, the Debtors asserted that
any third-party plan would unnecessarily detract from their orderly
liquidation efforts to the detriment of all stakeholders.

The Official Committee of Unsecured Creditors objected to the
further extension of the exclusive periods, arguing that the
Debtors' statutory exclusive period to file a plan expired on
February 4, 2016, and that if not for the bridge extension and the
Debtors' tactical scheduling of the Exclusivity Motion hearing, the
Exclusivity Periods would have lapsed weeks ago.

The Committee pointed out that the Debtors no longer have any
tangible assets to liquidate and the Chapter 11 cases are at a
juncture where the filing and confirmation of a plan of liquidation
should be of upmost importance to the Debtors, as it is for their
creditors.  Yet, the Debtors have done nothing to prepare a plan of
liquidation nor have they engaged with the Committee in meaningful
negotiations proposal for such a plan.

Further, although the Debtors ceased operations in December 2015,
they continue to incur significant administrative expenses,
including some that are not memorialized in their projected budget
and/or provided for elsewhere, the Committee pointed out.  Further,
professionals representing Antares Capital LP and certain of the
Debtors' pre- and post-petition lenders are billing significant
sums every month to these estates, the Committee further pointed
out.

Antares Capital LP, in its capacity as administrative agent and
collateral agent under the DIP Facility and the Prepetition First
Lien Credit Facility, in response to the Committee, argued that the
Committee's position is fundamentally flawed.

Antares pointed out, among other things, that the Committee's
numerous accusations and complaints regarding Antares continuing to
bill the estate for its legal professional fees ring hollow given
that a substantial portion of Antares' professional legal fees
during this case, and essentially all of Antares' professional fees
going forward, relate to the Committee's overbroad discovery
requests and continuing baseless litigation.

According to a certification of counsel, on March 21, 2016, the
Court held a hearing on the Motion.  At the hearing, the Court
approved a 90-day extension of exclusivity.

The Debtors are represented by J. Cory Falgowski, Esq., at Reed
Smith LLP, in Wilmington, Delaware; Paul M. Singer, Esq., at Reed
Smith LLP, in Pittsburgh, Pennsylvania; and Derek J. Baker, Esq.,
at Reed Smith LLP, in Philadelphia, Pennsylvania.

The Committee is represented by Mary E. Seymour, Esq., Wojciech F.
Jung, Esq., Cassandra Porter, Esq., and Anthony DeLeo, Esq., at
Lowenstein Sandler LLP, in Roseland, New Jersey; and Frederick B.
Rosner, Esq., and Julia B. Klein, Esq., at The Rosner Law Group
LLC, in Wilmington, Delaware.

Antares is represented by Mark D. Collins, Esq., and Amanda Steele,
Esq., at Richards Layton & Finger, in Wilmington, Delaware; and
Richard A. Levy, Esq., Christopher Harris, Esq., Matthew L. Warren,
Esq., and Blake T. Denton, Esq., at Latham & Watkins LLP, in
Chicago, Illinois.

                       About Taylor-Wharton

Taylor-Wharton International LLC and Taylor-Wharton Cryogenics LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Proposed Lead
Case No. 15-12075) on Oct. 7, 2015.  The petition was signed by
Thomas Doherty as chief restructuring officer.

Cryogenics is a leading designer, engineer and manufacturer of
cryogenic equipment designed to transport and store liquefied
atmospheric and hydrocarbon gases.  Cryogenics has a single United
States operation in Theodore, Alabama.  Cryogenics is the direct or
indirect parent of several foreign non-debtor subsidiaries which
have manufacturing operations in China, Malaysia, Slovakia, and
warehousing operations in Germany and Australia.

The Debtors have engaged Reed Smith LLP as general bankruptcy
counsel, Nixon Peabody LLP as special counsel, Argus Management
Corporation as interim management services provider, Stifel,
Nicolaus & Company, Incorporated and Miller Buckfire & Company LLC
as investment banker and Logan & Company, Inc., as noticing and
claims agent.  Argus Management Corporation is authorized to
provide interim management services, and designate Thomas Doherty
as chief restructuring officer.

Taylor-Wharton International LLC disclosed total assets of
$14,463,438 and total liabilities of $47,978,923.  O'Neal Steel
Inc. is listed as the largest unsecured creditor holding a trade
claim of $788,815.

Judge Brendan Linehan Shannon is assigned to the case.

The Office of the U.S. Trustee appointed the Committee pursuant to
Section 1102(a)(1) of the Bankruptcy Code.  The Committee is
comprised of three members: (a) Pension Benefit Guaranty
Corporation, (b) O'Neal Steel, Inc., and (c) Harsco Corporation.
On the same day, the Committee selected Lowenstein Sandler LLP and
The Rosner Law Group LLC to serve as its co-counsel and EisnerAmper
LLP to serve as its financial advisor in the Chapter 11 Cases.


TRIANGLE PETROLEUM: PJT, AlixPartners and Skadden on Board
----------------------------------------------------------
Denver, Colo.-based Triangle Petroleum Corporation (NYSE MKT: TPLM)
announced March 24 that it has commenced a process to explore and
evaluate strategic alternatives with respect to its individual
business units and the Company as a whole.

In light of the current commodity pricing environment and related
market conditions, the Company believes that this is the right time
to evaluate the Company's capital structure in order to preserve
liquidity, enhance financial flexibility, and promote the Company's
long-term success. To assist in these efforts and better position
the Company for future success, the Company has recently retained
PJT Partners, AlixPartners, and Skadden, Arps, Slate, Meagher &
Flom LLP.

The Company also announced changes in senior leadership, which
better prepare the Company to successfully navigate the current
commodity environment. Matthew D. Ray, an experienced investor and
board member and a co-founder of Victory Park Capital, has been
appointed as an independent director of Triangle USA Petroleum
Corporation ("TUSA"), a wholly-owned subsidiary of the Company.
Other changes at Triangle include the appointment of Dominic
Spencer to the role of Chief Operating Officer, and Douglas Griggs,
the Company's Chief Accounting Officer, will also serve as the
Company's principal financial officer. Justin J. Bliffen has
resigned from his position as Chief Financial Officer, effective
March 21, 2016, to pursue other opportunities. Mr. Bliffen's duties
will be assumed by both Douglas Griggs and Mike Grijalva, who is
being appointed interim Chief Financial Officer of TUSA. The
Company does not anticipate that these changes will have any
adverse impact on the timing of its Form 10-K filing for fiscal
year 2016.

Jonathan Samuels, the Company's Chief Executive Officer, stated:
"While the recent commodity price environment has been challenging,
we believe in the long-term prospects of our business and are
proactively working to strengthen our balance sheet. The personnel
changes will result in a more streamlined financial reporting
structure. By proactively evaluating strategic options to manage
prevailing market conditions in consultation with our professional
advisors, the Company can better position itself for an anticipated
industry recovery. The retention of PJT, AlixPartners, and Skadden,
as well as the internal personnel changes and TUSA board
appointment, will enhance the Company's ability to fulfill those
objectives."

Denver, Colo.-based Triangle Petroleum Corporation (NYSE MKT: TPLM)
-- http://www.trianglepetroleum.com/-- is an independent energy
company with a strategic focus on developing the Bakken Shale and
Three Forks formations in the Williston Basin of North Dakota and
Montana.


TRINITY TOWN: Hires Stephen Corcoran as Accountant
--------------------------------------------------
Trinity Town Center, LLLP seeks authorization from the U.S.
Bankruptcy Court for the Middle District of Florida to employ
Stephen L. Corcoran, CPA, P.A. as accountant.

The Debtor seeks authority to employ the Accountant to perform
general accounting services for the Debtor, including the
preparation of checks for signature from invoices and check stock
provided; and the preparation of periodic operating reports of the
Debtor.

The firm's employees providing the majority of accounting services
will be paid at these hourly rates:

       Stephen L. Corcoran         $225
       Cheri Cohen                 $120
       Patricia Quebbemann         $90

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

Mr. Corcoran 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 Accountant can be reached at:

       Stephen L. Corcoran, CPA
       4820 W. Gandy Blvd.
       Tampa, FL 33611
       Tel: (813) 837-6300
       Fax: (813) 837-6303
       E-mail: Steve@SCorcoranCPA.com

                     About Trinity Town Center

Trinity Town Center LLLP is a Florida limited liability limited
partnership, developing, owning and operating the Trinity Town
Center, a real estate project located in Trinity, Florida, that is
intended to be used as a life style center containing retail,
restaurant, financial services, and offices for professional and
medical.

On Jan. 20, 2015, Trinity Town Center LLLP filed a Chapter 11
petition (Bankr. M.D. Fla. Case No. 16-00405) in Tampa, Florida.
The petition was signed by Michael D. Luetgert, the CRO.  The
Debtor has scheduled $25,215,778 in total assets and $21,599,870
in
total liabilities.

The Debtor has tapped McIntyre Thanasides Bringgold Elliot as its
legal counsel.

                            *     *     *

The deadline for filing claims is May 9, 2016.


VALEANT PHARMA: Accounting Error Warning Sign of Bigger Problems
----------------------------------------------------------------
Peter Eavis, writing for The New York Times' DealBook, reported
that Valeant Pharmaceuticals International said last week that it
had wrongly booked $58 million of revenue, a relatively small sum
compared with its nearly $10 billion in annual sales.

But investors had more cause for concern over the accuracy of the
financial statements, according to the report.  Valeant said a
special committee it had formed determined that "certain other
accounting issues required review," the report related.  The
company also said two senior accountants had acted improperly, the
report further related.

The accounting admission may leave a persistent cloud over Valeant
for another reason: It lends credibility to those who have long
criticized Valeant's books, the DealBook noted.  These critics have
produced analyses that suggest that Valeant's accounting could be
flawed in several other ways, the report added.

As previously reported by The Troubled Company Reporter, Valeant on
March 21 disclosed that it has initiated a search for a new chief
executive officer, appointed William A. Ackman to its board of
directors, and provided an update on certain accounting and
financial reporting matters.

As described in the company's Form 8-K filed on March 21, the
company has identified misstatements to date that would reduce
previously reported fiscal year 2014 revenue by approximately $58
million, net income attributable to Valeant by approximately $33
million, and basic and diluted earnings per share by $.09. A
substantial part of the earnings impact of these misstatements
will
reverse in the first quarter of 2015.  The company has identified
misstatements in the first quarter of 2015, consisting primarily
of
the reversing effect on earnings of the 2014 misstatements, which
would reduce revenue by approximately $21 million (timing of
recognition of managed care rebates), increase net income
attributable to Valeant by approximately $24 million and increase
basic and diluted earnings per share by $.07. These adjustments
are
preliminary, unaudited and subject to change.

                           About Valeant

Valeant Pharmaceuticals International, Inc. (NYSE/TSX:VRX) --
http://www.valeant.com-- is a multinational specialty  
pharmaceutical company that develops, manufactures and markets a
broad range of pharmaceutical products primarily in the areas of
dermatology, gastrointestinal disorder, eye health, neurology and
branded generics.

                        *     *     *

The Troubled Company Reporter, on March 21, 2016, reported that
Standard & Poor's Ratings Services placed its ratings on Valeant
Pharmaceuticals International Inc., including the 'B+' corporate
credit rating, the 'BB' rating on the senior secured debt, and the
'B-' rating on the senior unsecured debt, on CreditWatch with
negative implications.  The recovery rating on the secured debt is
'1' reflecting S&P's expectation for very high (90%-100%) recovery
on that debt in the event of a default.  The recovery rating on
the
unsecured debt is '6' reflecting S&P's expectation for negligible
(0%-10%) recovery on that debt in the event of a default.

The TCR, on March 17, 2016, reported that Moody's Investors
Service
downgraded the ratings of Valeant Pharmaceuticals International,
Inc. and subsidiaries, including the Corporate Family Rating to B1
from Ba3, the Probability of Default Rating to B1-PD from Ba3-PD,
the senior secured rating to Ba2 (LGD2) from Ba1 (LGD2) and the
senior unsecured rating to B2 (LGD5) from B1 (LGD5).  These
ratings
remain under review for further downgrade, continuing a rating
review initiated on  Feb. 29, 2016.  Moody's also lowered the
Speculative Grade Liquidity Rating to SGL-3 from SGL-2.


VERSO CORP: Taps Richards Layton as Bankruptcy Co-Counsel
---------------------------------------------------------
Verso Corporation, et al., ask the U.S. Bankruptcy Court for the
District of Delaware for permission to employ Richards, Layton &
Finger, P.A., as their bankruptcy co-counsel, nunc pro tunc to Jan.
26, 2016.

RL&F will, among other things:

   a) take action to protect and preserve the Debtors' estates,
including the prosecution of actions on the Debtors' behalf, the
defense of actions commenced against the Debtors in these chapter
11 cases, the negotiation of disputes in which the Debtors are
involved and the preparation of objections to claims filed against
the Debtors;

   b) assist in preparing on behalf of the Debtors all motions,
applications, answers, orders, reports and papers in connection
with the administration of the Debtors' estates; and

   c) assist the Debtors with the sale of any of their assets
pursuant to Section 363 of the Bankruptcy Code.

Mark D. Collins, a director at RL&F with offices at One Rodney
Square, 920 North King Street, Wilmington, Delaware, tells the
Court that the firms' hourly rates are:

         Position                      Range of Hourly Rates
         --------                      ---------------------
         Partners                          $610 - $850
         Counsel                           $535 - $550
         Associates                        $295 - $510
         Paraprofessionals                     $240

The principal professionals and paraprofessionals designated to
represent the Debtors and their standard hourly rates are:

         Mr. Collins                           $850
         Michael J. Merchant                   $650
         Amanda R. Steele                      $465
         Brett M. Haywood                      $295
         Rebecca V. Speaker                    $240

RL&F's hourly rates are set at a level designed to compensate RL&F
fairly for the work of its attorneys and paralegals and to cover
fixed and routine expenses.

Prior to the Petition Date, the Debtors paid RL&F a total retainer
of $275,000 in connection with and in contemplation of the Chapter
11 cases.  To the extent any amount of the retainer was not
expended for prepetition services anddisbursements, the Debtors
propose that such amounts be treated as an evergreen retainer to be
held by RL&F as security throughout the cases until RL&F's fees and
expenses are awarded by final order and payable to RL&F.

To the best of the Debtors' knowledge, RL&F is a "disinterested
person" as that term is defined under Section 101(14) of the
Bankruptcy Code.

The firm can be reached at:

         Mark D. Collins, Esq.
         Michael J. Merchant, Esq.
         Amanda R. Steele, Esq.
         Brett M. Haywood, Esq.
         RICHARDS, LAYTON & FINGER, P.A.
         One Rodney Square
         920 North King Street
         Wilmington, DE 19801
         Tel: (302) 651-7700
         Fax: (302) 651-7701

                     About Verso Corporation

Verso Corporation claims to be the leading North American producer
of coated papers, which are used primarily in magazines, catalogs,
high-end advertising brochures and annual reports, among other
media and marketing publications.  It employs approximately 5,200
personnel.

Verso Corporation and 26 of its affiliates, including NewPage
Corporation, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10163 to 16-10189, respectively) on Jan. 26, 2016.
The petitions were signed by David Paterson, the president and
CEO.

The Debtors disclosed total assets of $2.9 billion and total debts
of $3.87 million.

The Debtors have engaged O'Melveny & Myers LLP as general counsel,
Paul, Weiss, Rifkind, Wharton & Garrison LLP as corporate counsel,
Richards, Layton & Finger, P.A. as Delaware counsel, PJT Partners
L.P. as investment banker, Alvarez & Marsal North America, LLC as
financial advisor and Prime Clerk LLC as claims and noticing agent.


WALTER ENERGY: Court Approves Additional Work for Ernst & Young
---------------------------------------------------------------
Bankruptcy Judge Tamara O. Mitchell has approved the proposed
expansion of Ernst & Young LLP's services to Walter Energy, Inc.,
according to a Statement of Work, dated January 6, 2016.

In connection with the Debtors' preparation of historical
"carve-out" combined financial statements of Walter Energy, Inc.
Coal and Gas Operations to be sold and related pro-forma
information to be included in an offering memorandum for the sale
of securities in a private placement, Ernst & Young agreed to
provide these services:

     -- Gain an understanding of the process used to carve-out the
historical balance sheets, income statements and cash flows of the
Operations, including how the accounts related to each "lot"
defined in the Asset Purchase Agreement were identified, compiled
and combined in the presentation

     -- Make inquiries of management and read related documents to
assess whether the carve-out financial statements were derived from
the books and records of Walter Energy, Inc. and reflect all the
assets, liabilities, revenues, expenses and cash flows of the
Operations

     -- Trace and agree account balances to the respective trial
balances and underlying company books and records, test the
accumulations for mathematical accuracy, and provide observations
on the accumulation and calculation of the carve-out financial
statements, including combination, elimination and reclassification
adjustments

     -- Gain an understanding of the reasons for significant
variances in line items between periods for the annual and interim
periods presented within the carve-out financial statements. The
periods to be presented include the years ended December 31, 2014
and 2013 and the nine-month year to date periods ended September30,
2015 and 2014

     -- Obtain an understanding of how "push down" accounting was
applied

     -- Obtain an understanding of adjustments made to the carve
out presentation that were not initially recorded on the separate
trial balances of the various components (e.g., deferred income
taxes, currently payable income taxes and income tax
provision/benefit) and comment on the manner in which those
adjustments were determined

     -- Read the carve out financial statement and compare the
form, content and manner of presentation to precedent examples

     -- Read the footnote disclosures (prepared by management) to
the carve out financial statements and comment on the form and
content

     -- Read the pro-forma financial information for the year ended
December 31, 2014 and for the nine-months ended September 30, 2015,
which will be derived from the historical carve out financial
statements, and comment on the form, content and manner of
presentation

     -- Provide insights and observations to management regarding
the pro-forma adjustments to the carve out financial statements
based on the firm's reading of the pro-forma statements, the Asset
Purchase Agreement, and other information to be included in the
offering memorandum

     -- Read the other information in the offering memorandum
(e.g., MD&A) and comment on whether the other information appears
to be consistent with the historical and pro forma financial
information included in the offering memorandum

     -- Comment on the nature and types of pro forma adjustments
included in the pro-forma financial statements and whether all of
the typical proforma adjustments were included or considered for a
transaction of the type contemplated in the presentation

     -- Inquire of management whether other events, subsequent to
the date of the latest unaudited balance sheet, could have a
material effect on the fair presentation of the historical or
pro-forma financial information and comment on whether the offering
memorandum includes disclosure of such matters.

Subject to the General Terms and Conditions of the Agreement, Ernst
& Young was expected to perform the Services during the period from
January 11, 2016 to February 29, 2016.

The fees for the Services are:

     Core Audit Team Professionals
     (includes core tax professionals)               Rate Per Hour
     ---------------------------------               -------------
     National Partner/Principal/Executive Director        $790
     Partner/Principal/Executive Director                  418
     Senior Manager                                        298
     Manager                                               255
     Senior                                                160
     Staff                                                 136

                       About Walter Energy

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

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

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

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

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

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

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


WALTER ENERGY: Houlihan Lokey Okayed as UCC's Investment Banker
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of Walter Energy,
Inc., et al., sought and obtained approval from the Bankruptcy
Court to retain Houlihan Lokey Capital, Inc., to provide investment
banking services.

On July 30, 2015, the Bankruptcy Administrator for the Northern
District of Alabama appointed these entities to the Committee: (i)
Carroll Engineering Co.; (ii) Consolidated Pipe & Supply Co., Inc.;
(iii) Cowin & Company, Inc.; (iv) Delaware Trust Company, as
Indenture Trustee; (v) Hager Oil Company, Inc.; (vi) Industrial
Mining Supply Inc.; (vii) Mayer Electric Supply Co., Inc.; (viii)
UMB Bank National Association, as Indenture Trustee; (ix) United
Mineworkers of America; (x) United Mineworkers of America 1974
Pension Plan and Trust; and (xi) United Steelworkers.  On August 4,
2015, the Pension Benefit Guaranty Corporation and Nelson Brothers,
LLC were added to the Committee.  On August 26, 2015 and August 28,
2015, Cowin & Company, Inc. and Mayer Electric Supply Company, Inc.
resigned from the Committee, respectively.

At a meeting of the Committee held on August 5, 2015, the Committee
interviewed several potential advisors and, after due deliberation
and a vote, decided to retain, among other professionals, (i)
Houlihan Lokey as its Investment Banker and (ii) Berkeley Research
Group, LLC (d/b/a BRG/Capstone) as its financial advisor.

In connection with retaining Houlihan Lokey and BRG, substantial
efforts were undertaken by the Committee to carefully delineate and
allocate the respective services to be provided by each of Houlihan
Lokey and BRG to avoid overlap and duplication of services and,
most importantly, to ensure that advice and guidance deemed
necessary and appropriate by the Committee in furtherance of its
duties is provided in a timely and cost effective manner.
Notwithstanding these efforts by the Committee, certain
parties-in-interest voiced concerns regarding the Committee's
retention of both an investment banker and financial advisor and
indicated that they would object to the Committee's retention of
both Houlihan Lokey and BRG.

Shortly after the Committee's selection of Houlihan Lokey, the
Committee contested the Debtors' request to use Cash Collateral.
Matthew A. Mazzucchi, a Managing Director at Houlihan Lokey,
submitted a declaration in support of the Committee's objection to
the Cash Collateral Motion.  After a two-day trial, the Court
entered
the Final Order authorizing postpetition use of Cash Collateral.
The Final Cash Collateral Order established an aggregate cap of
$175,000 per month for the payment of the Committee's retained
professionals' accrued and unpaid fees and expenses.  Given the
limited cash available under the Committee Monthly Cap, and in
order to avoid further dispute, the Committee did not seek to
retain Houlihan Lokey in September 2015 along with the Committee's
other professionals.  Nevertheless, Houlihan Lokey continued to
advise and assist the Committee in the Chapter 11 Cases.

On December 9, 2015, the Debtors sought approval of a Global
Settlement with the Official Committee of Unsecured Creditors,
Steering Committee and Stalking Horse Purchaser.  One aspect of the
Global Settlement provides that upon approval of the Global
Settlement and the closing of the Debtors' asset sale to Coal
Acquisition, LLC, the Committee's retained professionals may obtain
compensation for all reasonable documented, accrued and unpaid fees
and expenses incurred by the Committee's retained professionals in
an amount not to exceed $5.2 million in the aggregate.  The
Settlement Fee Cap is not subject to the Committee Monthly Cap.  In
establishing the Settlement Fee Cap, the parties to the Global
Settlement accounted for payment of Houlihan Lokey's Monthly Fees
for the period of August 5, 2015 through and including February
2016.  

The Global Settlement was approved by the Court on December 22,
2015.  Now that the Settlement Order has been entered and expressly
provides a source of payment for the Committee's professional fees,
the Committee now seeks Court approval of its prior retention of
Houlihan Lokey.

According to the Committee, the scope of Houlihan Lokey's services
as investment banker include:

     -- Valuation analysis and expert testimony
     -- Capital structure / debt capacity
     -- Review business plan(s) / financial forecasts and provide
        input regarding strategic enhancements / improvements
     -- Review of cash collateral motion
     -- Negotiation with Debtors and other parties-in-interest
     -- Evaluation and negotiation of restructuring proposals,
        including the proposed restructuring support agreement
     -- Economic impact of intercompany transactions
     -- 1113/1114 negotiations
     -- Plan feasibility issues
     -- Strategic plan review
     -- Strategic alternatives, such asƒ Restructuring
        alternatives andƒ M&A / asset sales
     -- Advise on current state of the restructuring / capital
        markets
        * Financing alternatives
     -- Capital raising:
        * Rights offering (terms)
        * Backstop agreement (terms / fees)
     -- Exit financing (terms / economics, covenants)
     -- Assessment of management / board of directors
     -- Contracts analysis
     -- Creditor recovery analysis
     -- Claims analysis and evaluation of impact on recoveries

The scope of BRG/Capstone's services as financial advisor include:

     -- Historical and current financial performance
     -- The underlying operational assumptions of the Company's
        business plan(s) and financial forecasts to ensure
        credibility  
     -- Cash collateral, including payment of pre-petition
        obligations and ongoing performance against budget
     -- SEC filings, MORs, other financial reports, SOFAs and
        schedules  
     -- Claims management process
     -- Intercompany and/or related party transactions
     -- Contract assumption / rejection and surety bonding  
     -- Preference payments, fraudulent conveyances, and other
        potential causes of action
     -- Employee needs and related costs
     -- Tax structure and claims
     -- Expert testimony and or litigation/forensic work

In accordance with the terms of the Engagement Letter, Houlihan
Lokey will be paid by the Debtors' estate, or such other party as
applicable under the Global Settlement, a nonrefundable monthly
cash fee of $150,000.  Payment of the Monthly Fee shall be made as
provided for under the Global Settlement.  Each accrued and unpaid
Monthly Fee as of the date of the Application shall be earned upon
entry of an order approving the Application.  Any further Monthly
Fees shall be earned on the first of every month thereafter during
the term of Houlihan Lokey's engagement with the Committee, and
shall be paid to the extent and as provided for under the Global
Settlement.

Houlihan Lokey will also seek reimbursement for necessary
expenses.

The Committee also requested that the Debtors and their estates
agree to indemnify Houlihan Lokey.

Fredrick Vescio, the firm's Managing Director, disclosed that:

     (i) Eric Siegert, one of Houlihan Lokey's Senior Managing
Directors, currently serves as a director on the board of Joy
Global, Inc., the parent company of Joy Global Underground Mining
LLC.  Joy Global Underground Mining LLC is listed as a prepetition
unsecured creditor of one or more of the Debtors.  The Committee
understands that Houlihan Lokey has implemented an ethical wall
between Mr. Siegert and the Houlihan Lokey/Walter Energy execution
team and the Committee agrees that the creation of the ethical wall
is sufficient to protect its interests in these Cases.

    (ii) On April 30, 2015, Houlihan Lokey was retained by the
counsel of an ad hoc group of the unsecured noteholders of Walter
Energy, Inc. and its debtors and non-debtor affiliates under a fee
letter executed by the Company in order to provide advice regarding
the negotiation of a potential alternative restructuring
transaction.  Discussions with the Company ceased within 30 days of
the start of the engagement.  On May 31, 2015, the Company
terminated Houlihan Lokey's fee arrangement and Houlihan Lokey
performed no subsequent work on behalf of the ad hoc group.
Houlihan Lokey does not believe that this prior engagement creates
a conflict of interest with respect to its representation of the
Committee.

                       About Walter Energy

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

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

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

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

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

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

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


WINDSOR FINANCIAL: Gets OK to Hire Special Litigation Counsel
-------------------------------------------------------------
Windsor Financial Group LLC received court approval to hire Eisner
Jaffe as its special litigation counsel.

The firm will help Windsor Financial pursue claims resulting from
ASICS America Corp.'s alleged breach of their master retail
agreement, which was terminated prior to the company's bankruptcy
filing.

Eisner Jaffe will be compensated on an hourly basis and will
receive reimbursement for work-related expenses.  The hourly rates
range from $650 to $795 for partners, and $400 to $525 for
associates.

The firm does not hold an interest adverse to Windsor Financial's
estate and is a "disinterested person" under section 101(14) of the
Bankruptcy Code, according to a declaration by James Turken, Esq.,
a partner at Eisner Jaffe.

                     About Windsor Financial

Windsor Financial Group LLC owned and operated ASICS retail stores
in the United States through a license agreement with ASICS America
Corporation.  It opened 13 ASICS retail stores -- including ASICS's
North American flagship store in Times Square -- expanding ASICS's
brand and presence in the United States.

On June 24, 2015, ASICS terminated Windsor's retail operating
agreement due to breach, including for failure to pay for
merchandise it purchased for resale.

On July 28, 2015, ASICS filed a complaint against Windsor in the
California District Court, Civil Action No. 8:15-cv-01194-JVS-JVM,
for injunctive relief and damages for the Debtor's breach of the
MRA, trademark infringement and unfair competition.  ASICS seeks
damages of no less than $5,753,096.

Windsor Financial Group filed a Chapter 11 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 16-10097) on Jan. 15, 2016, intending to
use the chapter 11 process to sue ASICS for its misconduct and
fraud in the hopes of using those litigation proceeds to provide a
distribution to creditors and equity.

Armando Ruiz, the CEO, signed the bankruptcy petition.

The Debtor estimated both assets and liabilities in the range of
$10 million to $50 million.

Lowenstein Sandler LLP serves as the Debtor's counsel.


[*] Automatic Dollar Amount Increases to Code, Forms
----------------------------------------------------
Automatic adjustments will be made April 1 to increase dollar
amounts stated in various provisions of the Bankruptcy Code, one
provision in Title 28, seven Official Bankruptcy Forms that contain
adjusted amounts, the Instructions for Individual and
Non-Individual Debtors, two Director's Forms that include dollar
amounts, and one set of instructions for a Director's Form, which
includes a dollar amount, Diane Davis, writing for Bloomberg Brief,
reported, citing the Administrative Office of the U.S. Courts, or
AOUSC.

According to the report, the adjustments will apply to cases filed
on or after April 1, 2016.

The affected forms are Official Forms 106C, 107, 122A-2, 122C-2,
201, 207, and 410 and Director's Forms 2000 and 2830, the report
said.

Under Bankruptcy Code Section 104(a), the Judicial Conference of
the United States makes an automatic three-year adjustment of
dollar amounts on the basis of the change in the Consumer Price
Index for the most recent three-year period ending immediately
before the year in which the adjustment is made and rounded to the
nearest $25, the report pointed out.  The Conference delegated that
authority to the AOUSC, the report said.


[*] Prime Clerk Expands Senior Leadership Team
----------------------------------------------
Prime Clerk, a bankruptcy claims and noticing agent, on March 23
announced the continued expansion of its senior leadership team,
including recognized experts in the restructuring industry, Abigail
Lerner and David Sharp.

Abigail Lerner, Director. Ms. Lerner has nearly 10 years of
restructuring experience.  Before joining Prime Clerk, Ms. Lerner
was a senior associate in the Business Finance & Restructuring
department of Weil, Gotshal & Manges LLP where she represented
debtors, creditors, and lenders in the context of complex chapter
11 cases and out-of-court restructurings.  Some of the Weil clients
she represented included Armstrong World Industries, BearingPoint,
TSIC, Inc., Pilgrim's Pride, Highland Hospitality, Morgan Stanley,
and Goldman Sachs.

David Sharp, Director of Solicitation and Public Securities.  Mr.
Sharp has nearly 30 years of experience advising on both domestic
and international restructuring transactions involving publicly
traded securities.  Representative cases that he has managed
include Washington Mutual, Eastman Kodak and Lear Corp. in the U.S.
as well as international cases such as Telewest PLC, UPC Corp. and
Northern Offshore.  Mr. Sharp was previously the director of public
securities at Kurtzman Carson Consultants, vice president of
financial balloting at Epiq Systems, and specialist in global
voting issues with Innisfree M&A.  He has contributed articles to
publications such as the ABI Journal and The Daily Bankruptcy
Review and has taught CLE classes on topics related to public
securities in Chapter 11 bankruptcy proceedings.

Ms. Lerner and Mr. Sharp join several other key leaders that have
joined the Prime Clerk team over the past several months,
including:

James Daloia, Director of Solicitation and Disbursements.  Mr.
Daloia specializes in noticing and balloting holders of domestic
and international public securities, as well as non-securities
claims and bank debt.  Prior to joining Prime Clerk, Jim was the
Manager of Solicitation Operations at Epiq Systems, where he
managed some of the largest and most complex restructurings and
distributions, including Lehman Brothers, Lehman Brothers
Securities, NV, CIT, Chrysler, Motors Liquidation (f/k/a GM),
Dynegy, Hawker Beechcraft, Tribune, NAPCUS, Lyondell Chemical,
Hayes Lemmerz, Reader's Digest, Dex One and Supermedia.

Herb Baer, Director. Mr. Baer is one of the most experienced
consultants in the industry, having spent over 15 years leading the
administration of large chapter 11 cases, including Lehman
Brothers, WorldCom, Bethlehem Steel, Steve and Barry's and Arch
Wireless.  Before joining Prime Clerk, Mr. Baer was Senior
Director, Client Services at Epiq Systems.  Early in his career,
Mr. Baer worked in both computer programming and software
development and he continues to use those skills to provide his
clients with enhanced technology and process solutions.

David Malo, Director. Mr. Malo has over 12 years of experience
leading and managing the administration of large chapter 11 cases,
including DVI, WorldCom, Delta Air Lines, J.A. Jones and Tribune
Company, among others.  Prior to joining Prime Clerk, Mr. Malo was
a Senior Case Manager, Team Lead at Epiq Systems.

Heather L. Aaronson, Director of Quality Assurance and Case
Support. Ms. Aaronson has over 15 years of restructuring
experience, having worked in the Recovery and Transformation
Services practice at McKinsey & Company, Inc., and as the lead
paralegal in the restructuring groups of both Weil, Gotshal &
Manges and Dewey & LeBoeuf.  Ms. Aaronson helped lead scores of
cases over the course of her extensive career, including American
Airlines, Edison Mission Energy, Enron, General Motors, Loral Space
& Communications, Global Crossing, Adelphia, WorldCom, and Ambac,
among others.

Josh Karotkin, Director. Before joining Prime Clerk, Mr. Karotkin
served as the Vice President of Corporate Development at Colford
Capital, a specialty finance-focused private equity firm, where he
evaluated acquisition opportunities and analyzed and implemented
strategies to streamline and reduce costs for existing investments.
Prior to attending business school at the University of Michigan,
Josh was a Vice President at D.B. Zwirn & Company, a global
multi-strategy hedge fund in New York, where he managed the
Structured Finance Group, and was an Analyst evaluating collateral
for a portfolio of lending investments at the CIT Group.

Prime Clerk's Chief Operating Officer, Michael Frishberg, commented
that "these new hires add enormous value to Prime Clerk's
unparalleled staff of experts in claims administration and
solicitation.  We now have the deepest bench and widest experience
base in the industry, enabling us to provide the smartest and most
efficient solutions to our clients."

Prime Clerk -- http://www.primeclerk.com-- is a bankruptcy and
restructuring claims and noticing agent based in New York and was
founded by veteran restructuring attorneys and consultants with the
vision of bringing next generation technology, leading
professionalism and reliable service into a stagnant industry.
Prime Clerk delivers tailored, practical and client-collaborative
solutions to bankruptcy administration.


                            *********

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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Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

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                   *** End of Transmission ***