TCR_Public/160409.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, April 9, 2016, Vol. 20, No. 100

                            Headlines

ALPHA NATURAL: Lists $25.21 Million Net Loss in December
AMERICAN APPAREL: Reports $14.50 Million Net Loss in November
AXION INTERNATIONAL: Files Monthly Operating Report for December
BPZ RESOURCES: Records $743,674 Net Loss in November
CAESARS ENTERTAINMENT: Gains $30.2 Million Net Income in November

CAESARS ENTERTAINMENT: Suffers $100.3 Million Net Loss in December
COLT DEFENSE: Had $2.96 Million Net Loss at Nov. 29
GT ADVANCED: Posts $10.83 Million Net Loss at December 31
LIFE PARTNERS: Incurs $66,573 Net Loss in December
MOLYCORP INC: Widens Net Loss to $29.23 Million in December

QUIKSILVER INC: Lists $19.52 Million Net Loss in December

                            *********

ALPHA NATURAL: Lists $25.21 Million Net Loss in December
--------------------------------------------------------
Alpha Natural Resources, Inc., et al., filed with the U.S.
Securities and Exchange Commission their monthly operating report
for December 2015.

The Debtors reported a December net loss of $25.21 million on
$183.68 million of total revenues.

As of December 31, 2015, the Debtors had $9.78 billion in total
assets, $8.21 billion in total liabilities, and $1.57 billion in
total stockholders' equity.

The Debtors started the month with $739.30 million cash.  They
listed $19.47 million used in operating activities, $59.64 million
used in investing activities, and $2.06 million used in financing
activities.  They ended the month with $658.12 million.

A copy of the monthly operating report is available at the SEC at:

                      http://is.gd/QhaMbr

                  About Alpha Natural Resources

Headquartered in Bristol, Virginia, Alpha Natural --
http://www.alphanr.com/-- is a coal supplier, ranked second   
largest among publicly traded U.S. coal producers as measured by
2014 consolidated revenues of $4.3 billion. As of August 2015,
Alpha had 8,000 full time employees across many different states,
with UMWA representing 1,000 of the employees.

Alpha Natural Resources, Inc. (Bankr. E.D. Va. Case No. 15-33896)
and its affiliates filed separate Chapter 11 bankruptcy petitions
on Aug. 3, 2015, listing $9.9 billion in total assets as of
June 30, 2015, and $7.3 billion in total liabilities as of June
30, 2015.

The petitions were signed by Richard H. Verheij, executive vice
president, general counsel and corporate secretary.

Judge Kevin R. Huennekens presides over the cases.

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

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

Kurtzman Carson Consultants, LLC, is the Debtors' claims and
noticing agent.

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

                       *     *     *

Alpha Natural Resources, Inc. on March 8 disclosed that it has
filed a proposed Chapter 11 Plan of Reorganization and a related
Disclosure Statement with the United States Bankruptcy Court for
the Eastern District of Virginia.  Together with the
recently-filed motion seeking approval of a marketing process for
Alpha's core operating assets, these filings provide for the sale
of Alpha's assets, detail a path toward the resolution of all
creditor claims, and anticipate the emergence of a streamlined and
sustainable reorganized company able to satisfy its environmental
obligations
on an ongoing basis.  By selling certain assets as a going concern
and restructuring the company's remaining assets into a
reorganized Alpha, the company is able to provide maximum recovery
to its creditors, while preserving jobs and putting itself in the
best position to meet its reclamation obligations.  This path will
allow for a conclusion of Alpha's bankruptcy proceedings by
June 30, 2016.


AMERICAN APPAREL: Reports $14.50 Million Net Loss in November
-------------------------------------------------------------
American Apparel, Inc., et al., filed with the U.S. Securities
and Exchange Commission their monthly operating report for November
2015.

The Debtors suffered a net loss of $14.50 million for the month.

The Debtors' balance sheet for the month recorded total assets of
$245.25 million, total liabilities of $470.59 million, and total
shareholders' deficit of $225.34 million.

The Debtors had $21.31 million cash at the start of the
month. They listed $1.31 million provided by operating activities,
$29,000 used in investing activities, and 19.14 million provided by
financing activities.  Thus, the Debtors ended the month with
$41.73 million.

A copy of the monthly operating report is available at the SEC at:

                 http://is.gd/kPN5FJ

                About American Apparel

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

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

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

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

                          *     *     *

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

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

On Jan. 10, 2016, the Debtors received a letter from former CEO
Dov Charney disclosing a proposed $300 million alternative
transaction that will be funded by Hagan Capital Group and Silver
Creek Capital Partners but American Apparel rejected the proposal.

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

On Jan. 27, 2016, the Court entered an order confirming American
Apparel's First Amended Joint Plan of Reorganization, under which,
on Feb. 5, 2016, the Effective Date of the Plan, all shares of
Common Stock and other equity interests in the Company were
cancelled and terminated, and the Company was converted into a
Delaware limited liability company with membership interests Issued
to unitholders, including certain Reporting Persons, in accordance
with the Plan.


AXION INTERNATIONAL: Files Monthly Operating Report for December
----------------------------------------------------------------
Axion International Holdings, Inc., filed with the U.S. Securities
and Exchange Commission its monthly operating report for the period
from December 2, 2016, to December 31, 2015.

The Debtor showed no activity during the reporting period.

A copy of the monthly operating report is available at the SEC at:

                   http://is.gd/98u0qd

                       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.


BPZ RESOURCES: Records $743,674 Net Loss in November
----------------------------------------------------
BPZ Resources, Inc., on December 21, 2015, filed with the U.S.
Securities and Exchange Commission their monthly operating report
for November 2015.

The Debtor's statement of operations showed a net loss of
$743,674 on zero revenue in November.

At November 30, 2015, the Debtor recorded total assets of $97.29
million, total liabilities of $612.14 million, and $514.85 million
in total stockholders' deficit.

The Debtor had $8.97 million cash at the start of the period.
It listed total receipts of $8.76 million and total disbursements
of $1.54 million. Disbursements include $119,636 million in
professional fees.  As a result, the Debtor had $16.19 million at
the end of the
month.

A copy of the monthly operating report is available at the SEC at:

                     http://is.gd/hUEAyC

                     About BPZ Resources

BPZ Energy -- http://www.bpzenergy.com/-- is an independent oil   

and gas exploration and production company which had license
contracts covering 1.9 million net acres in offshore and onshore
Peru.  BPZ Resources maintains an office in Victoria, Texas, and
through its subsidiaries maintains offices in Lima and Tumbes,
Peru, and Quito, Ecuador.

BPZ Resources sought Chapter 11 protection (Bankr. S.D. Tex. Case
No. 15-60016) in Victoria, Texas, on March 9, 2015.  The case is
pending before the Honorable David R. Jones.  The Debtor disclosed
total assets of $364 million and debt of $275 million.

The Debtor tapped Stroock & Stroock & Lavan LLP as bankruptcy
Counsel; Hawash Meade Gaston Neese & Cicack LLP, as local Texas
Counsel; Houlihan Lokey Capital, Inc., as investment banker;
Opportune LLP, as restructuring advisor; Baker Hostetler, as the
audit committee's special counsel; and Kurtzman Carson Consultants
as claims and noticing agent.

The Official Committee of Unsecured Creditors retained Akin Gump
Strauss Hauer & Feld LLP as legal counsel, and Blackstone Advisory
Partners L.P. as its financial advisor.

                           *     *     *

Following an auction on June 30 to July 1, 2015, the Debtor won
court approval, and later closed, the sale of its equity interests
in its non-debtor subsidiaries for $8,500,000 to Zedd Energy Holdco
Ltd.  The Debtor also sold assets relating to the onshore blocks in
northwestern Peru, all equity interests in the power generation
subsidiary EENE and, subject to Ecuadorian government approval and
applicable rights of first refusal, all equity interests in SMC
Ecuador, Inc., for $750,000 million to Zorritos Peru Holdings,
Inc.

The Debtor on July 30, 2015, won approval to implement a key
employee retention plan and a key employee incentive plan and to
pay severance claims to certain critical employees.

On Sept. 7, 2015, the Debtor and the Committee filed an agreed
order extending the exclusive period to solicit acceptances of a
chapter 11 plan through Oct. 23, 2015.  The Court entered the
agreed order on Sept. 8.

The Debtor filed a Plan of Liquidation on Sept. 8, 2015, and then
an Amended Plan on Sept. 25, 2015.

On Nov. 12, 2015, the Bankruptcy Court entered an order confirming
the Company's Second Amended Plan of Liquidation.  As of Dec. 31,
2015, all conditions to the occurrence of the effective date set
forth in the Debtors' Plan and the Confirmation Order were
satisfied or waived in accordance therewith and the effective date
of the Plan occurred. On the same date, the Company filed a Notice
of Effective Date of the Plan with the Bankruptcy Court.


CAESARS ENTERTAINMENT: Gains $30.2 Million Net Income in November
-----------------------------------------------------------------
Caesars Entertainment Operating Company, Inc. (CEOC), a majority
owned subsidiary of Caesars Entertainment Corporation, on January
5, 2016, filed with the U.S. Securities and Exchange  its monthly
operating report for November 2015.

The Debtor's statement of operations for the month showed a net
income of $30.2 million on net revenue of $309.4 million.

As of November 30, 2015, the Debtor listed $11.51 billion in total
assets, $22.01 billion in total liabilities, and a $10.53 billion
total shareholders' deficit.

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

                       http://is.gd/BXp0fH

                   About Caesars Entertainment

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

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

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

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

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

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

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

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


CAESARS ENTERTAINMENT: Suffers $100.3 Million Net Loss in December
------------------------------------------------------------------
Caesars Entertainment Operating Company, Inc. (CEOC), a majority
owned subsidiary of Caesars Entertainment Corporation, filed with
the U.S. Securities and Exchange Commission its monthly operating
report for December 2015.

The Debtor's statement of operations for the month showed a net
loss of $100.3 million on net revenue of $315.3 million, as
compared to $30.2 million net income reported for November.

As of December 31, 2015, the Debtor listed $11.46 billion in total
assets, $22.07 billion in total liabilities, and a $10.63 billion
total shareholders' deficit.

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

                       http://is.gd/eKyvR9

                   About Caesars Entertainment

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

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

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

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

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

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

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

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


COLT DEFENSE: Had $2.96 Million Net Loss at Nov. 29
---------------------------------------------------
Colt Holding Company LLC, et al., on January 4, 2016, filed with
the U.S. Securities and Exchange Commission their monthly operating
report for the period from November 2, 2015, to November 29, 2015.

The Debtors incurred a net loss of $2.96 million for the reporting
period.

The Debtors' balance sheet for the period recorded total assets of
$173.52 million, total liabilities of $510.57 million, and total
shareholders' deficit of $337.04 million.

Colt Defense - USA had $5.83 million cash at the start of the
period. It had total receipts of $15.97 million and total
disbursements of $15.64 million.  Disbursements include $2.06
million in net payroll.  Colt Defense - USA ended the month with
$6.17 million.

A copy of the monthly operating report is available at the SEC at:

                 http://is.gd/r3bldH

                 About Colt Defense

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

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

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

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

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

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

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

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

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

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

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

                           *     *     *

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

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

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


GT ADVANCED: Posts $10.83 Million Net Loss at December 31
---------------------------------------------------------
GT Advanced Technologies Inc., et al., filed with the U.S.
Securities and Exchange Commission their monthly operating report
for the period from November 29, 2015, to December 31, 2015.

The Debtors reported a consolidated net loss of $10.83 million in
December on $32.20 million of revenues.

As of December 31, 2015, the Debtors posted consolidated total
assets of $224.70 million, consolidated total current liabilities
of $74.53 million, consolidated liabilities subject to compromise
of $484.97 million, consolidated total non-current liabilities of
$109.68 million, and a $444.48 million consolidated total
shareholders' deficit.

The Debtors listed $52.78 million in total receipts and $11.92
million in total disbursements for December.

A copy of the monthly operating report is available at the SEC at:

                 http://is.gd/woORPY  

            About GT Advanced Technologies

Headquartered in Merrimack, New Hampshire, GT Advanced
Technologies Inc. -- http://www.gtat.com/-- produces materials and
equipment for the electronics industry.  On Nov. 4, 2013, GTAT
announced a multi-year supply deal with Apple Inc. to produce
sapphire glass material for use in consumer electronics products.

Under the deal, Apple would provide GTAT with a prepayment of
approximately $578 million paid in four installments and, starting
in 2015, GTAT would reimburse Apple for the prepayment over a
five-year period.

GT is a publicly held corporation whose stock was traded on NASDAQ
under the ticker symbol "GTAT."  GTAT was de-listed from the NASDAQ
stock exchange in October 2014.

As of June 28, 2014, the GTAT Group's unaudited and consolidated
financial statements reflected assets totaling $1.5 billion and
liabilities totaling $1.3 billion.  As of Sept. 29, 2014, GTAT had
$85 million in cash, $84 million of which is unencumbered.

On Oct. 6, 2014, GT Advanced Technologies and eight affiliates
filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. D.N.H. Lead Case No.
4-11916).  GT says that it has sought bankruptcy protection due to
a severe liquidity crisis brought about by its issues with Apple.

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.

The U.S. Trustee has named seven members to the Official Committee
of Unsecured Creditors.  The Committee' professionals are Kelley
Drye as its bankruptcy counsel; Devine, Millimet & Branch,
Professional Association as local counsel; EisnerAmper LLP as
financial advisors; and Houlihan Lokey Capital, Inc. as investment
banker.

GTAT has reached a settlement with Apple.  The settlement gives
Apple an approved claim for $439 million secured by more than
2,000 sapphire furnaces that GT Advanced owns and has four years to
sell, with proceeds going to Apple.  In addition, Apple gets
royalty-free, non-exclusive licenses for GTAT's technology.

The bankruptcy case is assigned to Judge Henry J. Boroff.

The Debtors tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.

The U.S. Trustee has named seven members to the Official Committee
of Unsecured Creditors.  The Committee' professionals are Kelley
Drye as its bankruptcy counsel; Devine, Millimet & Branch,
Professional Association as local counsel; EisnerAmper LLP as
financial advisors; and Houlihan Lokey Capital, Inc. as investment
banker.

                           *     *     *

In November 2014, GTAT reached a settlement with Apple.  The
settlement gives Apple an approved claim for $439 million secured
by more than 2,000 sapphire furnaces that GT Advanced owns and has
four years to sell, with proceeds going to Apple.  In addition,
Apple gets royalty-free, non-exclusive licenses for GTAT's
technology.

In December 2015, GTAT filed a proposed reorganization plan that
allows the company to continue operating as a going concern and
gives most of the equity to entities providing bankruptcy-exit
financing.


LIFE PARTNERS: Incurs $66,573 Net Loss in December
--------------------------------------------------
Life Partners Holdings, Inc., filed with the U.S. Securities and
Exchange Commission their monthly operating report for December
2015.

The Debtor reported a net loss of $66,573 on zero revenue for the
period.

As of December 31, 2015, the Debtor had $910,627 in total
assets, $4.71 million in total liabilities, and $3.80 million in
total stockholders' deficit.

The Debtor had $1.60 million cash at the start of the month.  They
reported total disbursements of $1.17 million and zero receipts.
Disbursements include $1.13 million in professional fees.  Thus,
the Debtor had $429,321 ending cash balance at December 31, 2015.

A copy of the monthly operating report is available at the SEC at:

                http://is.gd/sa9O8g  

                About Life Partners

Headquartered in Waco, Texas, Life Partners Holdings, Inc. --
http://www.lphi.com/-- is the parent company engaged in the       

secondary market for life insurance, commonly called "life
settlements."  Since its incorporation in 1991, Life Partners,
Inc. has completed over 162,000 transactions for its worldwide
client base of over 30,000 high net worth individuals and
institutions in connection with the purchase of over 6,500
policies totaling over $3.2 billion in face value.

LPHI is a publicly traded company incorporated in Texas and its
common stock has been delisted from the NASDAQ (formerly trading
under the symbol LPHI).

Life Partners Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 15-40289) on Jan. 20,
2015.

The case is assigned to Judge Russell F. Nelms.  J. Robert
Forshey, Esq., at Forshey & Prostok, LLP, serves as counsel to the
Debtor.

LPHI disclosed $2,406,137 in assets and $52,722,308 in liabilities
as of the Chapter 11 filing.

The official committee of unsecured creditors formed in the case
tapped Munsch Hardt Kopf & Harr, P.C., as counsel.

Tracy A. Bolt of BDO USA, LLP was named as examiner for the
Debtor's case.  At the behest of the U.S. Securities and Exchange
Commission, the U.S. Trustee, and the Creditors Committee, the
Court ordered the appointment of a Chapter 11 trustee.  On March
13, 2015, H. Thomas Moran II was appointed as Chapter 11 trustee
in LPHI's case.  The trustee is represented by Thompson & Knight
LLP.

The Chapter 11 trustee signed Chapter 11 bankruptcy petitions for
LPHI's subsidiaries on May 19, 2015: Life Partners Inc. (Case No.
15-41995) and LPI Financial Services, Inc. (Case No. 15-41996).

Life Partners is estimated to have $100 million to $500 million in
assets and more than $1 billion in debt.  LPI Financial estimated
less than $50,000.



MOLYCORP INC: Widens Net Loss to $29.23 Million in December
-----------------------------------------------------------
Molycorp, Inc., et al., filed with the U.S. Securities and Exchange
Commission their monthly operating report for December 2015.

The Debtors' statement of operations showed a net loss of $29.23
million in December on $15.61 million total revenue, an increase
from the $26.52 million net loss posted for November.

As of Dec. 31, 2015, the Debtors listed consolidated total assets
of $2.10 billion, consolidated total liabilities of $2.08 billion,
and $20.10 million in consolidated total shareholders' equity.

The Debtors had a beginning book balance of $121.87 million at the
start of the month.  They posted total cash receipts of $7.003
million and total disbursements of $25.324 million.  Taking into
account net intercompany funds totaling $1.158 million, the Debtors
had an ending book balance of $102.39 million.

A copy of the monthly operating report is available at the SEC at:

                    http://is.gd/L8NgLP

                    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.

                           *     *     *

Sureties Ironshore Indemnity, Inc., et al., on March 21, 2016,
filed a motion asking the U.S. Bankruptcy Court for the District of
Delaware to direct the appointment of an examiner in Molycorp
Minerals, LLC, as well as extend the objection deadlines and
adjourn the hearing dates for plan confirmation.  The Sureties
contend that in order for the plan confirmation process to proceed
expeditiously with the transparency that is required under the
Bankruptcy Code, the request that the Court direct the appointment
of an examiner under 11 U.S.C. Section 1104(c) for the limited
scope of examining and reporting on the value of the Molycorp
Minerals, LLC ("Molycorp Minerals") Intellectual Property ("IP"),
IP Issues, and proposed Molycorp Silmet AS transaction.

Bankruptcy Judge Christopher Sontchi approved Molycorp's plan to
exit Chapter 11 bankruptcy following a two-day trial that began
March 29, 2016.  Under the Plan, unsecured creditors (including
deficiency claims arising from the 10% senior secured notes) would
receive 7.5% of the reorganized company's equity in the event of a
standalone reorganization plan, with lender Oaktree Capital
Management receiving 92.5% of the reorganized equity.  If there is
a sale of the entire company under the plan, unsecured creditors
(again, including deficiency claims) would receive 7.5% of the
proceeds of the sale, with Oaktree receiving 92.5%.



QUIKSILVER INC: Lists $19.52 Million Net Loss in December
---------------------------------------------------------
Quiksilver Inc., et al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for December
2015.

The Debtors incurred a net loss of $19.52 million for the month.

As of December 31, 2015, the Debtors posted $292.42 million in
total assets, $745.55 million in total liabilities, and $453.14
million in total shareholders' deficit.

The Debtors started the month with $16.12 million cash.  They
listed $35.71 million in total cash receipts and $48.37 million in
total disbursements.  The Debtors also recorded a $10 million
December change in the DIP Term Loan Balance.  At month end, the
Debtors had $13.46 million cash.

A copy of the monthly operating report is available at the SEC at:

                      http://is.gd/bvKpSE

                      About Quiksilver Inc.

Quiksilver, Inc. -- http://www.quiksilver.com,http://www.roxy.com
and http://www.dcshoes.com-- is an outdoor sports lifestyle
companies, that designs, produces and distributes branded apparel,
footwear and accessories.  The Company's apparel and footwear
brands, inspired by a passion for outdoor action sports, represent
a casual lifestyle for young-minded people who connect with its
boardriding culture and heritage.  The Company's Quiksilver, Roxy,
and DC brands have authentic roots and heritage in surf, snow and
skate.  The Company's products are sold in more than 100 countries
in a wide range of distribution, including surf shops, skate shops,
snow shops, its proprietary Boardriders shops and other
Company-owned retail stores, other specialty stores, select
department stores and through various e-commerce channels.

Quiksilver, Inc., and its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. D. Del., Case Nos. 15-11880 to 15-11890) on
Sept. 9, 2015. Andrew Bruenjes signed the petition as chief
financial officer.  The Debtors disclosed total assets of $337
million and total debts of $826 million.

Skadden, Arps, Slate, Meagher & Flom LLP is serving as the
Debtors' legal advisor, FTI Consulting, Inc. as their
restructuring advisor, and Peter J. Solomon Company as their
investment banker.  Kurtzman Carson Consultants LLC acts as the
Debtors' claims and noticing agent.

The U.S. trustee overseeing the Chapter 11 cases of Quiksilver
Inc. and its affiliates appointed seven members to the official
committee of unsecured creditors.  The Committee tapped Akin Gump
Strauss Hauer & Feld LLP, and Pepper Hamilton LLP as its
co-counsel as co-counsel; Province Inc. as its financial advisor
and PJT Partners Inc. as investment banker.

                           *     *    *

The Court filed a pre-arranged Chapter 11 restructuring plan backed
by Oaktree Capital Management, a holder of 73% of the Company's
U.S. Secured Notes.  The Plan was confirmed Jan. 29, 2016, and the
Plan was declared effective Feb. 11, 2016.

Under the Plan, Quiksilver will issue new common stock to be
distributed as follows: (a) first, 19% to holders of allowed
secured notes claims; (b) second, up to 77% to rights offering
participants; and (c) third, 4% to the backstop parties.


                            *********

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
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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
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Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
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Editors.

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