TCR_Public/160418.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, April 18, 2016, Vol. 20, No. 109

                            Headlines

21ST CENTURY ONCOLOGY: Needs More Time to File Form 10-K
ABEINSA HOLDING: Manter & Herod Representing Four Insurers
ABENGOA BIOENERGY: Hires Carl Marks as Investment Banker
ADELPHIA COMMUNICATIONS: Extends Exchange Offers Until April 21
ALEXZA PHARMACEUTICALS: Obtains Add'l $1M Financing From Ferrer

ALLY FINANCIAL: Redeeming All Remaining Series A Preferred Stock
AMPLIPHI BIOSCIENCES: Randal Kirk, et al., to Liquidate Holdings
AMPLIPHI BIOSCIENCES: Terminates ECC Agreement with Intrexon
APPLIED MINERALS: Files Post-Effective Amendment to Form S-1
APRICUS BIOSCIENCES: CMO's Employment Agreement Ends May 31

ARCHDIOCESE OF MILWAUKEE: Moves 2 Claims to Class 8
ASPECT SOFTWARE: Hires Jefferies as Investment Banker
ATK OILFIELD: April 18 Hearing on Proposed Sale Protocol
ATNA RESOURCES: Committee Has Until May 5 to Challenge Liens
AXION INTERNATIONAL: Admin. Claims Bar Date Set for April 22

AXION INTERNATIONAL: April 29 Set as General Claims Bar Date
BALMORAL RACING: Seeks to Sell Crestwood OTB for $800K
BH SUTTON: Committee Panel Hires Westerman Ball as Counsel
BILL BARRETT: Completes Semi-Annual Borrowing Base Redetermination
BON-TON STORES: Appoints Paul Rigby to Board of Directors

BREITBURN ENERGY: Opts to Defer Interest Payments on Sr. Notes
BTB CORP: Needs More Time to File Amended Disclosure Statement
CAESARS ENTERTAINMENT: Lynn Swann to Resign From Board
CAPITOL LAKES: Creditors' Committee Taps Murphy Desmond as Counsel
CEETOP INC: MJF& Associates Raises Going Concern Doubt

CLEVELAND BIOLABS: Stockholders Elect Seven Directors
COLORADO TIRE: U.S. Trustee Wants Case Dismissed or Converted
CRYSTAL WATERFALLS: Hires Keller Williams as Real Estate Broker
D.J. SIMMONS: U.S. Trustee Unable to Appoint Committee
DIAGNOCURE INC: Board Opts to Proceed with Voluntary Liquidation

DIAMOND SHINE: U.S. Trustee Unable to Appoint Committee
DOMARK INTERNATIONAL: Has 130 Million Authorized Common Shares
DOMARK INTERNATIONAL: Incurs $712K Net Loss in Third Quarter
DRUMM CORP: Moody's Cuts Corporate Family Rating to Caa1
EMERALD OIL: Seeks to Obtain $129.9-Mil. DIP Loan from Wells Fargo

ENERGY GULF COAST XXI: Moody's Cuts Prob. of Default Rating to D-PD
EPICOR SOFTWARE: Bank Debt Trades at 5% Off
ESP RESOURCES: Files for Chapter 11 Bankruptcy Protection
ESP RESOURCES: U.S. Trustee Forms 3-Member Committee
FLEXROD LLC: Involuntary Chapter 11 Case Summary

FORESIGHT ENERGY: Gets Further Extension of Forbearance Agreements
FORTESCUE METALS: Bank Debt Trades at 15% Off
FPL ENERGY: Moody's Affirms Ba3 Rating on 2019 Notes
FREE GOSPEL: Burns Law Firm Approved as Substitute Counsel
FREE GOSPEL: Responds to Trustee's Bid to Dismiss Case

FRONTIER STAR: Trustee Seeks Extension of Date to Assume 2 Leases
FUHU INC: Taps Martini Iosue as Accountants
FULLCIRCLE REGISTRY: Recurring Losses Raise Going Concern Doubt
GASTAR EXPLORATION: Closes Sale of Appalachian Basin Assets
GASTAR EXPLORATION: Offering $500 Million Worth of Securities

GENOIL INC: Amends Form 6-K Report with SEC
GOODRICH PETROLEUM: Case Summary & 20 Largest Unsecured Creditors
GOODRICH PETROLEUM: Files Chapter 11 to Facilitate Restructuring
GOODRICH PETROLEUM: Files for Chapter 11 Bankruptcy Protection
GREENWOOD HALL: Reports $2.2 Million Net Loss for Second Quarter

GRIZZLY LAND: U.S. Trustee Unable to Appoint Committee
HAMILTON SUNDSTRAND: Bank Debt Trades at 13% Off
HCSB FINANCIAL: EJF Capital, et al., Have 9.9% Stake as of April 11
HHH CHOICES: HHHW Opposes Motion to Appoint Chapter 11 Trustee
HUB INTERNATIONAL: Bank Debt Trades at 3% Off

ICAGEN INC: Recurring Losses Raise Going Concern Doubt
INTELLIPHARMACEUTICS INT'L: Incurs $2.12 Million Net Loss in Q1
IPALCO ENTERPRISES: S&P Raises Issuer Credit Rating From 'BB+'
J. CREW: Bank Debt Trades at 23% Off
JUMIO INC: Case Summary & 20 Largest Unsecured Creditors

JUMIO INC: Equityholders Object to Bidding Procedures
JUMIO INC: Hires Cooley as Special Litigation Counsel
JUMIO INC: U.S. Trustee Forms 5-Member Equity Committee
KALOBIOS PHARMA: Asks Court to Extend Exclusivity Thru July 26
KALOBIOS PHARMA: Motion to Dismiss PIPE Investors' Suit Pending

KALOBIOS PHARMA: Moved Offices to Brisbane, Calif.
KEETON HEALTHCARE: U.S. Trustee Unable to Appoint Committee
KEURIG GREEN: S&P Assigns 'BB-' CCR, Outlook Stable
KU6 MEDIA: Nasdaq Grants Temporary Exception to Listing Rules
LA FRONTERA: S&P Withdraws B+ Project Rating on Debt Repayment

LANDMARK HOSPITALITY: U.S. Trustee Unable to Appoint Committee
LB STEEL: Hires Mulcahy Pauritsch as Tax Return Preparer
LEAPFROG ENTERPRISES: Deregisters Class A Common Stock
LIBERTY ASSET: Hires Levene Neale as General Bankruptcy Counsel
LIBERTY ASSET: Meeting of Creditors Set for April 25

LIFE PARTNERS: Court Okays Sutherland Asbill as Trustee Counsel
LIFESAVERS HOME: U.S. Trustee Unable to Appoint Committee
LINN ENERGY: Pays $60 Million Interest on Senior Notes
LOUISIANA PELLETS: Judge Kolwe Recuses Himself From Ch. 11 Cases
MAGNUM HUNTER: Shareholders Haven't Made Case for Recovery

MB VENTURES: U.S. Trustee Unable to Appoint Committee
METROPOLITAN AUTOMOTIVE: Gets Final Approval to Obtain Financing
MICRON TECHNOLOGY: Moody's Keeps Ba2 Corporate Family Rating
MIDSTATES PETROLEUM: Moody's Cuts Corporate Family Rating to Ca
MINT LEASING: Expects "Substantial Doubt" Opinion from Auditors

MINT LEASING: First Amendment to TCA Global Credit Facility
MINT LEASING: Mint America Signs Fleet Agreement with Nissan
MINT LEASING: Taps Navigator to Prepare Financial Statements
N-VIRO INTERNATIONAL: UHY LLP Expresses Going Concern Doubt
NATIONAL FINANCIAL: Bank Debt Trades at 2% Off

NBTY INC: Moody's Assigns B1 Rating to Proposed Term Loans
NEIMAN MARCUS: Bank Debt Trades at 7% Off
NET ELEMENT: Board Rescinds Stock Option Awards to CFO & CLO
NET ELEMENT: Kenges Rakishev Reports 18.3% Stake as of April 8
NET ELEMENT: Signs First Amendment to Director Letter Agreement

NEWBURY COMMON: Hires Keen-Summit as Real Estate Broker
NEWBURY COMMON: Proposes June 20 Auction for 9 Properties
NEWBURY COMMON: U.S. Bank Wants Stay Lifted to Pursue Foreclosure
NGPL PIPECO: Moody's Puts Caa2 Ratings on Review for Upgrade
NORTHWEST TERRITORIAL: U.S. Trustee Forms 7-Member Committee

PALMAZ SCIENTIFIC: April 19 Final Hearing on Vactronix Financing
PALMAZ SCIENTIFIC: Gerbsman Performance Fee Questioned
PALMAZ SCIENTIFIC: Parties Question $2M Loan From Insider
PALMAZ SCIENTIFIC: Taps Groff & Rothe as Accountants
PALMAZ SCIENTIFIC: Taps UpShot Services as Noticing Agent

PANDA TEMPLE II: S&P Affirms 'B-' Project Rating, Outlook Negative
PEABODY ENERGY: Final Hearing on $800M DIP Financing on May 5
PEABODY ENERGY: Gibraltar Unit to Seek Ancillary Relief
PEABODY ENERGY: Proposes to Pay $10.3M to Essential Vendors
PEABODY ENERGY: Wants Until June 13 to File Schedules

PETTY FUNERAL: Three Creditors Named to Committee
PLASTIC2OIL INC: D. Brooks & Associates Raises Going Concern Doubt
POWERLINE ELECTRICAL: Case Summary & 20 Top Unsecured Creditors
PROVIDENT FUNDING: Moody's Cuts Corporate Family Ratings to B1
QUANTUM FUEL: Hires Mackinac Partners as Crisis Manager

REPUBLIC AIRWAYS: Creditors Object to $75-Mil. Financing from Delta
SANDRIDGE ENERGY: No Longer Subject to DOJ Investigation
SATTLEY LLC: U.S. Trustee Unable to Appoint Committee
SEADRILL LTD: Bank Debt Trades at 56% Off
SEPCO CORP: Asbestos Claimants Hire Caplin & Drysdale as Counsel

SEPCO CORP: Asbestos Claimants Tap Brouse McDowell as Co-Counsel
SKYLINE CORP: Incurs $520,000 Net Loss in Third Quarter
SOUTHCROSS ENERGY: Incurs $51.4 Million Net Loss in 2015
SPENDSMART NETWORKS: EisnerAmper Expresses Going Concern Doubt
SPORTS AUTHORITY: Pushes Back Bankruptcy Auction to May

SPX FLOW: Moody's Cuts Corporate Family Rating to Ba3
STAR COMPUTER: Seeks to Sell Miami Warehouse to Viro for $6.5MM
SUNEDISON INC: Easy Money Fueled Company's Rapid Expansion
SUNEDISON INC: In Talks on Potential DIP Financing Transactions
SUNEDISON INC: Reportedly Preparing for Bankruptcy

TONGJI HEALTHCARE: Anton & Chia Expresses Going Concern Doubt
TRIANGLE PETROLEUM: Reports $822 Million Net Loss for 2015
TRINITY PUMPING: Involuntary Chapter 11 Case Summary
TRINITY TOWN: U.S. Trustee Seeks Dismissal of Ch. 11 Case
TRISTREAM EAST: U.S. Trustee Forms 3-Member Committee

TRONOX INC: Bank Debt Trades at 6% Off
TXU CORP: Bank Debt Trades at 73% Off
VALEANT PHARMACEUTICALS: Bank Debt Trades at 3% Off
VENOCO INC: Section 341 Meeting Scheduled for April 21
VICTORY ENERGY: Kenneth Hill Assumes Acting CFO Role

VIRTUAL PIGGY: Appoints John Coyne as New CEO
VIRTUAL PIGGY: Martha Snider Quits as Director
VIRTUAL PIGGY: Morison Cogen Expresses Going Concern Doubt
VISCOUNT SYSTEMS: Dale Matheson Raises Going Concern Doubt
WIND ENTERTAINMENT: U.S. Trustee Unable to Appoint Committee

[*] Moody's Says US banks Are Feeling the Impact of Low Oil Prices
[^] BOND PRICING: For the Week from April 11 to 15, 2016

                            *********

21ST CENTURY ONCOLOGY: Needs More Time to File Form 10-K
--------------------------------------------------------
21st Century Oncology Holdings, Inc., announced that its Form 10-K
for the fiscal year ended Dec. 31, 2015, would not be filed by
March 30, 2016.  The Company intends to file the 2015 10-K as soon
as reasonably practicable.

The Company expects to report Pro Forma Adjusted EBITDA of between
$155 million and $170 million for the year ended Dec. 31, 2015.
Cash capital expenditures for the same period are expected to be
approximately $40 million.  Full year 2015 domestic same market
closed case growth is expected to be 2.8% and full year 2015
domestic same market revenue per closed case is expected to
increase 0.5%, each as compared to 2014.

                        About 21st Century

21st Century Oncology, Inc., formerly known as Radiation Therapy
Services, Inc. ("RTS") owns and operates radiation treatment
facilities in the US and Latin America.

The Company's balance sheet at June 30, 2014, showed $1.11 billion
in total assets, $1.38 billion in total liabilities, $46.65
million in noncontrolling interests-redeemable, and a $325.04
million total deficit.

                            *     *     *

As reported by the TCR on Feb. 27, 2015, Moody's Investors Service
upgraded 21st Century Oncology, Inc.'s Corporate Family Rating and
Probability of Default Rating to B3 and B3-PD, respectively.
The upgrade of the Corporate Family Rating to B3 and SGL to SGL-2
reflects the receipt of a $325 million preferred equity investment
from the Canada Pension Plan Investment Board and subsequent debt
reduction.

In the April 16, 2015, edition of the TCR, Standard & Poor's
Ratings Services affirmed its 'B-' corporate credit rating on Fort
Myers-based cancer care provider 21st Century Oncology Holdings
Inc.


ABEINSA HOLDING: Manter & Herod Representing Four Insurers
----------------------------------------------------------
To comply with Rule 2019 of the Federal Rules of Bankruptcy
Procedure, two law firms:

          Sam H. Poteet, Jr., Esq.
          Michael E. Collins, Esq.
          Scott E. Williams, Esq.
          MANIER & HEROD, P.C.
          One Nashville Place, Ste. 2200
          150 Fourth Avenue N.
          Nashville, TN 37219
          Telephone: (615) 244-0030
          E-mail: spoteet@manierherod.com
                  mcollins@manierherod.com
                  swilliams@manierherod.com

                -and-

          Jason C. Powell, Esq.
          824 Market Street, Suite 1000
          P.O. Box 1351
          Wilmington, DE 19899
          Telephone: (302) 575-1555
          E-mail: jpowell@ferryjoseph.com

disclose that they represent four insurance companies:

   -- Liberty Mutual Insurance Company,
   -- Zurich American Insurance Co.,
   -- Zurich, N.A., and
   -- Fidelity & Deposit Co. of Maryland

in Abeinsa Holding, Inc.'s chapter 11 cases.  The lawyers say the
insurers are acting individually and do not constitute a committee.


                    About Abeinsa Holding

Abeinsa Holding Inc., Abengoa Solar LLC, Abeinsa EPC LLC, Abencor
USA, LLC, Nicsa Industrial Supplies LLC, Abener Construction
Services LLC, Abeinsa Abener Teyma General Partnership, Abener
Teyma Mojave General Partnership, Abener Teyma Inabensa Mount
Signal Joint Venture, Teyma USA & Abener Engineering and
Construction Services General Partnership, Teyma Construction USA,
LLC, Abener North America Construction L.P., and Inabensa USA, LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Proposed
Lead
Case No. 16-10790) on March 29, 2016.  The petitions were signed
by
Javier Ramirez as treasurer.  

DLA Piper LLP (US) represents the Debtors as counsel.  Prime Clerk
serves as the Debtors' claims and noticing agent.

                      About Abengoa S.A.

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

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 March 16, 2016, Abengoa presented its Business Plan and
Financial Restructuring Plan in Madrid to all of its stakeholders.

                        U.S. Bankruptcy

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 its restructuring
proceedings
in Spain.  Christopher Morris signed the petitions as foreign
representative.  DLA Piper LLP (US) represents the Debtors as
counsel.

Involuntary petitions were filed against the three affiliated
entities -- Abengoa Bioenergy of Nebraska, LLC, Abengoa Bioenergy
Company, LLC, and Abengoa Bioenergy Biomass of Kansas, LLC --
under
Chapter 7 of the Bankruptcy Code in the United States Bankruptcy
Court for the District of Nebraska and the United States
Bankruptcy
Court for the District of Kansas.  The bankruptcy cases for
affiliate Abengoa Bioenergy of Nebraska, LLC and Abengoa Bioenergy
Company, LLC were converted to cases under chapter 11 of the
Bankruptcy Code and transferred to the United States Bankruptcy
Court for the Eastern District of Missouri.

On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC and 5 five
other U.S. units of Abengoa S.A., which collectively own, operate,
and/or service four ethanol plants in Ravenna, York, Colwich, and
Portales, 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.

Abeinsa Holding Inc., and 12 other affiliates, which are energy,
engineering and environmental companies and indirect subsidiaries
of Abengoa, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Proposed Lead Case No. 16-10790) on March 29, 2016.


ABENGOA BIOENERGY: Hires Carl Marks as Investment Banker
--------------------------------------------------------
Abengoa Bioenergy US Holding, LLC, et al., seek authority from the
U.S. Bankruptcy Court for the Eastern District of Missouri to
employ Carl Marks Advisory Group LLC as investment banker to the
Debtors, nunc pro tunc to March 10, 2016.

Abengoa Bioenergy requires Carl Marks to:

   a. assist the Debtors and their professionals in the review
      of any proposed transaction and, if directed, evaluate
      alternatives for a transaction;

   b. participate in negotiations with parties of interest,
      including current and prospective creditors or claimants
      against the Debtors, in connection with any debt
      restructuring proposals or transactions ;

   c. conduct a sale process, or multiple sale processes, for
      the Debtors, or any combination of the Debtors and their
      assets as directed, including providing  the  services more
      specifically set forth in the Investment Banking Agreement;

   d. negotiate and facilitate discussions among the
      creditors to achieve consensus around any restructuring
      plan;

   e. advise the Debtors with respect to, and attend meetings
      of, the Board of Directors, creditor groups, official
      constituencies, and other interested parties;

   f. provide testimony in support of these chapter 11 cases,
      if requested; and

   g. provide the Debtors with other financial restructuring
      advice.

In support of any transaction, Carl Marks will provide the
following services, as required:

   a. review the Debtors' business plan and other information in
      working with management to prepare a Confidential
      Information Memorandum and other related documents
      describing the possible sale of the Debtors, or certain of
      their assets as directed, to stimulate interest among
      potential acquirers or merger candidates;

   b. formulate and implement a strategy for identifying
      prospective acquirers, approaching them and ascertaining
      their level of interest in a transaction;

   c. coordinate the sales effort, due diligence process, manage
      data flow between management and potential Acquirers and
      lead in the negotiation and structuring of the aspects of
      each proposed transaction;

   d. submit, analyze the relative merits of, and discuss with
      the Debtors proposals from all interested parties,
      coordinate the negotiation process, participate in
      negotiations, and otherwise reasonably assist the Debtors
      in effectuating a transaction;

   e. with the participation and approval of the Board of
      Directors of the Debtors or its designated representatives,
      negotiate with selected potential Acquirers, assist in
      structuring a transaction, or series of transactions, on
      terms deemed acceptable to the Debtors, manage the
      documentation and closing  process associated with the
      transaction, or transactions, and facilitate discussions
      between the legal, accounting, tax  and business
      transaction teams of the Debtors and the selected Acquirers
      with the objective of reaching a closing on terms
      acceptable to the Debtors; and

   f. perform other such services as may reasonably be required
      and mutually agreed upon by the Debtors and CMAG to
      complete the transaction

Carl Marks will be paid at these hourly rates:

   a. Monthly Advisory Fee: A fixed fee at the rate of $75,000
      per monthly period, payable in advance, via wire transfer,
      upon the execution of this Agreement and at the beginning
      of each subsequent monthly period thereafter in which
      Investment Banking and Financial Advisory Services are to
      be provided.

   b. Transaction Fee: If, during the period CMAG is retained by
      the Debtors, or within the Residual Period thereafter, the
      Debtors complete a transaction or transactions, a fee or
      fees which will be paid in cash and earned in full and due
      upon the completion of each transaction(s) with any party
      during the term of this Agreement or with any Covered Party
      within the Residual Period. Such fee(s) will be calculated
      and applicable based on each individual production facility
      sold (Ravenna, York, Colwich, Portales) in an amount equal
      or allocated to:

         i.   The greater of $250,000 or 1.0% of the production
              facility’s total Enterprise Value up to $0.95
              cents/gallon of nameplate annual production
              capacity, plus

         ii.  2.0% of the production facility’s incremental
              Enterprise Value between $0.95 cents/gallon of
              Nameplate and $1.30 /gallon, plus

         iii. 3.0% of the production facility’s incremental
              Enterprise Value over and above $1.30/gallon of
              Nameplate.

         iv.  Nameplate for each facility is defined as follows:
              Ravenna 90 million gallons per year, York 56 mmgpy,
              Colwich 25 mmgpy, Portales 30 mmgpy.

   c. New Capital Fee: If, during the period CMAG is retained
      by the Debtors or within the Residual Period thereafter,
      the Debtors close one or more new capital facilities, a New
      Capital Fee will be paid in cash and earned in full and due
      upon the closing of each commitment.   Such fee will be in
      an amount equal to 0.60% of the aggregate stated facility
      amount of any new capital raised; provided, however that
      this does not include the existing debtor in possession
      capital provider or any new capital provided by Abengoa
      S.A. or its affiliates.

   d. Restructuring Fee: If, during the period CMAG is retained
      by the Debtors, or within the Residual Period thereafter,
      the Debtors complete a Restructuring, a Restructuring Fee
      will be paid in cash and earned in full and due upon the
      completion of the Restructuring during the term of this
      Agreement or within the Residual Period. Such fee will be
      in an amount equal to $1,000,000, provided that, in the
      event that the Restructuring includes a Transaction, Carl
      Marks shall only be entitled to the greater of the
      Transaction Fee or the Restructuring Fee.

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

Christopher K. Wu, partner of Carl Marks Advisory Group 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.

Carl Marks can be reached at:

     Christopher K. Wu
     CARL MARKS ADVISORY GROUP LLC
     900 Third Avenue, 33rd Floor
     New York, NY 10022
     Tel: (212) 909-8400
     E-mail: cwu@carlmarks.com

                         About Abengoa Bioenergy

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

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

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

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

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

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


ADELPHIA COMMUNICATIONS: Extends Exchange Offers Until April 21
---------------------------------------------------------------
ACC Claims Holdings, LLC on April 15 announced the extension of
offers to Eligible Holders to exchange (i) class A limited
liability company interests of ACC Claims Holdings, LLC for up to
all of the outstanding ACC Senior Notes Claims (Class ACC 3)
allowed under the Plan of Reorganization, including any
post-petition pre-effective date interest and post-effective date
interest to and including the extended expiration date of the
offers (the "Senior Claims"), against Adelphia Communications
Corporation, and (ii) class B limited liability company interests
of ACC Claims Holdings, LLC for up to all of the outstanding ACC
Trade Claims (Class ACC 4) allowed under the Plan of
Reorganization, including any post-petition pre-effective date
interest and post-effective date interest to and including the
extended expiration date of the offers (the "ACC 4 Claims"), and
ACC Other Unsecured Claims (Class ACC 5) allowed under the Plan of
Reorganization, including any post-petition pre-effective date
interest and post-effective date interest to and including the
extended expiration date of the offers (the "ACC 5 Claims" and,
together with the ACC 4 Claims, the "Other Claims"; the Senior
Claims and the Other Claims, together, the "Claims"), against
Adelphia Communications Corporation until 5:00 p.m., New York City
time, on Thursday, April 21, 2016.  The exchange offers were
previously scheduled to expire at 5:00 p.m., New York City time, on
Thursday, April 14, 2016.  As of 5:00 p.m., New York City time, on
Thursday, April 14, 2016, Eligible Holders of $3,512,408,416
original principal amount of Senior Claims outstanding, Eligible
Holders of $249,534,265.15 of ACC 4 Claims outstanding and Eligible
Holders of $44,646,944.11 of ACC 5 Claims outstanding had validly
tendered their Claims pursuant to the exchange offers.  

ACC Claims Holdings, LLC recognizes that the Claims will continue
to accrue post-effective date interest between the original
expiration date and the extended expiration date.  Therefore, the
consideration offered to Eligible Holders will be increased by a
corresponding amount.

Except as set forth herein, the terms and conditions of the
exchange offers remain unchanged.  ACC Claims Holdings, LLC
reserves the right to further extend the exchange offers prior to
the termination of the extended expiration date.  ACC Claims
Holdings, LLC does not contemplate any such additional extensions
of the exchange offers at this time.

The exchange offers are being made pursuant to (i) the offers to
exchange, dated March 3, 2016, and supplemented and amended on
March 9, 2016, March 21, 2016, April 1, 2016, April 8, 2016 and on
the date hereof and (ii) the related letter of transmittal, dated
as of March 3, 2016 and supplemented and amended on March 21,
2016.

The exchange offers will only be made, and the offers to exchange
and the related letter of transmittal will only be distributed to,
holders who complete, execute and return an eligibility form
confirming that they are qualified purchasers ("Qualified
Purchasers") as defined in Section 2(a)(51)(A) of the Investment
Company Act of 1940, as amended (except to the extent waived by the
managing member of ACC Claims Holdings, LLC), excluding Benefit
Plan Investors (except as provided for and subject to the terms of
the exchange offers, as amended), each of which is (x) a qualified
institutional buyer within the meaning of Rule 144A under the
Securities Act of 1933, as amended (the "Securities Act"), (y) an
institutional investor that qualifies as an "accredited investor"
pursuant to Rule 501(a)(1), (2), (3) or (7) under the Securities
Act or (z) not a U.S. person in an offshore transaction, in each
case as defined in Regulation S under the Securities Act (such
persons, "Eligible Holders"). "Benefit Plan Investor" means a
benefit plan investor, as defined in Section 3(42) of the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), and
includes (a) an employee benefit plan (as defined in Section 3(3)
of Title I of ERISA) that is subject to the fiduciary
responsibility provisions of Title I of ERISA, (b) a plan that is
subject to Section 4975 of the Internal Revenue Code of 1986, as
amended (the "Code"), or (c) any entity whose underlying assets
include, or are deemed for purposes of ERISA or the Code to
include, "plan assets" by reason of any such employee benefit
plan's or plan's investment in the entity.  Holders who desire to
obtain and complete an eligibility form should either visit the
website for this purpose at www.dfking.com/adelphia or call D.F.
King & Co., Inc., the information agent and exchange agent for the
exchange offers, at (800) 761-6523 (toll-free) or (212) 269-5550
(collect for banks and brokers only).

The managing member of ACC Claims Holdings, LLC may, in its sole
discretion, waive the restriction on tenders by Benefit Plan
Investors.  However, the managing member is not required to accept
a tender in whole or in part from an investor that is a Benefit
Plan Investor, and reserves the right to reject in its complete
discretion any tender by a Benefit Plan Investor.

                 About Adelphia Communications

Based in Coudersport, Pennsylvania, Adelphia Communications
Corporation was once the fifth-biggest cable company.  Adelphia
served customers in 30 states and Puerto Rico, and offered analog
and digital video services, Internet access and other advanced
services over its broadband networks.

Adelphia collapsed in 2002 after disclosing that founder John Rigas
and his family owed $2.3 billion in off-balance-sheet debt on bank
loans taken jointly with the company.  Mr. Rigas was sentenced to
12 years in prison, while son Timothy 15 years.

Adelphia Communications and its more than 200 affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 02-41729) on
June 25, 2002.  Willkie Farr & Gallagher represented the Debtors
in their restructuring effort.  PricewaterhouseCoopers served as
the Debtors' financial advisor.  Kasowitz, Benson, Torres &
Friedman LLP and Klee, Tuchin, Bogdanoff & Stern LLP represented
the Official Committee of Unsecured Creditors.

Adelphia Cablevision Associates of Radnor, L.P., and 20 of its
affiliates, collectively known as Rigas-Managed Entities, were
entities that were previously held or controlled by members of the
Rigas family.  In March 2006, the rights and titles to these
entities were transferred to certain subsidiaries of Adelphia
Cablevision LLC.  The RME Debtors filed for Chapter 11 protection
(Bankr. S.D.N.Y. Case Nos. 06-10622 through 06-10642) on March 31,
2006.  Their cases were jointly administered under Adelphia
Communications and its debtor-affiliates' Chapter 11 cases.

The Bankruptcy Court confirmed the Debtors' Joint Chapter 11 Plan
of Reorganization on Jan. 5, 2007.  The Plan became effective on
Feb. 13, 2007.

The Adelphia Recovery Trust, a Delaware Statutory Trust, was formed
pursuant to the Plan.  The Trust holds certain litigation claims
transferred pursuant to the Plan against various third parties and
exists to prosecute the causes of action transferred to it for the
benefit of holders of Trust interests.  Lawyers at Kasowitz,
Benson, Torres & Friedman, LLP (NYC), represent the Adelphia
Recovery Trust.


ALEXZA PHARMACEUTICALS: Obtains Add'l $1M Financing From Ferrer
---------------------------------------------------------------
Alexza Pharmaceuticals, Inc., filed an amendment to its Current
Report on Form 8-K dated Sept. 28, 2015, with the U.S. Securities
and Exchange Commission to report that Alexza issued a promissory
note to Grupo Ferrer Internacional, S.A. in the maximum principal
amount of $5 million on that date.

On April 15, 2016, Ferrer made an additional $1 million available
to Alexza under the Ferrer Note.  As of April 15, 2016, an
aggregate of $5 million of the principal amount of the Ferrer Note
was outstanding.

               About Alexza Pharmaceuticals, Inc.

Alexza Pharmaceuticals is focused on the research, development, and
commercialization of novel, proprietary products for the acute
treatment of central nervous system conditions.  Alexza's products
and development pipeline are based on the Staccato(R) system, a
hand-held inhaler designed to deliver a pure drug aerosol to the
deep lung, providing rapid systemic delivery and therapeutic onset,
in a simple, non-invasive manner.  Active pipeline product
candidates include AZ-002 (Staccato alprazolam) for the management
of epilepsy in patients with acute repetitive seizures and AZ-007
(Staccato zaleplon) for the treatment of patients with middle of
the night insomnia.

Alexza reported a net loss of $21.31 million on $5.02 million of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $36.73 million on $5.56 million of total revenues for the
year ended Dec. 31, 2014.  As of Dec. 31, 2015, Alexza had $14.73
million in total assets, $86.38 million in total liabilities and a
total stockholders' deficit of $71.65 million.

OUM & CO. LLP, in San Francisco, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


ALLY FINANCIAL: Redeeming All Remaining Series A Preferred Stock
----------------------------------------------------------------
Ally Financial Inc. announced that it is calling for redemption the
remaining 27,870,560 shares of its Fixed Rate/Floating Rate
Perpetual Preferred Stock, Series A (Series A Preferred Stock). The
shares will be redeemed at a price of $25.00 per share.  The
redemption date will be May 16, 2016.

The final quarterly dividend payment of approximately $14.8
million, or $0.53 per share, was declared on the Series A Preferred
Stock, and is payable to shareholders of record as of May 1, 2016
(Record Date).  This dividend was declared by the board of
directors on April 11, 2016, and is payable on May 16, 2016.
Holders of the Series A Preferred Stock to be redeemed as of the
Record Date will be entitled to receive the dividend stated above
immediately prior to redemption of such shares on May 16, 2016.

"The redemption of the Series A Preferred Stock marks another step
in Ally's journey to drive greater efficiency in its capital
structure and represents the elimination of the company's remaining
legacy preferred stock," said Ally Chief Financial Officer
Christopher Halmy.  "This redemption is a key step in our financial
plans for 2016 and allows us to eliminate high cost preferred
dividends as we continue to build shareholder value."

Ally previously repurchased approximately $325 million of its
Series A Preferred Stock in May 2015.

The notice of redemption and related materials were delivered today
to registered holders of record of the Series A Preferred Stock.
Questions relating to and requests for additional copies of the
notice of redemption and related materials should be directed to
the redemption and paying agent, Computershare Trust Company, N.A.,
c/o Computershare Inc., Corporate Actions, 250 Royall Street,
Canton, MA 02021, Attention: Reorganization Department at
855-396-2084.

                        About Ally Financial

Ally Financial Inc., formerly GMAC Inc. -- http://www.ally.com/--
is one of the world's largest automotive financial services
companies.  The Company offers a full suite of automotive
financing products and services in key markets around the world.
Ally's other business units include mortgage operations and
commercial finance, and the company's subsidiary, Ally Bank,
offers online retail banking products.  Ally operates as a bank
holding company.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3 percent stake.  Private equity firm Cerberus
Capital Management LP keeps 14.9 percent, while General Motors Co.
owns 6.7 percent.

Ally reported net income of $1.28 billion on $4.86 billion of total
net revenue for the year ended Dec. 31, 2015, compared to net
income of $1.15 billion on $4.65 billion of total net revenue for
the year ended Dec. 31, 2014.  As of Dec. 31, 2015, the Company had
$158.58 billion in total assets, $145.14 billion in total
liabilities and $13.43 billion in total equity.

                           *     *     *

As reported by the TCR on Dec. 16, 2013, Standard & Poor's Ratings
Services said it raised its issuer credit rating on Ally Financial
Inc. to 'BB' from 'B+'.  "The upgrade reflects the company's
release from potential legal and financial liabilities stemming
from its ownership of ResCap," said Standard & Poor's credit
analyst Tom Connell.

In the April 3, 2014, edition of the TCR, Fitch Ratings has
upgraded Ally Financial Inc.'s long-term Issuer Default Rating
(IDR) and senior unsecured debt rating to 'BB+' from 'BB'.
The rating upgrade reflects increased clarity around Ally's
ownership structure given Ally's recent announcement that it has
launched an initial public offering those shares of its common
stock held by the U.S. Treasury (the Treasury).

As reported by the TCR on July 16, 2014, Moody's Investors Service
affirmed the 'Ba3' corporate family and 'B1' senior unsecured
ratings of Ally Financial, Inc. and revised the outlook for the
ratings to positive from stable.  Moody's affirmed Ally's ratings
and revised its rating outlook to positive based on the company's
progress toward sustained improvements in profitability and
repayment of government assistance received during the financial
crisis.


AMPLIPHI BIOSCIENCES: Randal Kirk, et al., to Liquidate Holdings
----------------------------------------------------------------
Mr. Randal J. Kirk, Third Security, LLC, a company that is managed
by Mr. Kirk, NRM VII Holdings I, LLC, a company that is managed by
an affiliate that is managed by Third Security, and Intrexon
Corporation, a corporation that is controlled by Mr. Kirk, filed
with the Securities and Exchange Commission an amended Schedule
13D.

The purpose of this Amendment is to supplement and amend the
disclosure in Item 4 with respect to the relationship and
investment in the Company and is not a restatement of the Original
Schedule 13D.

"Based on the recent conduct of Management and the members of the
Company's Board of Directors (other than Julian Kirk), the
Reporting Persons have reexamined their relationship with and
investment in the Company and have decided to liquidate their
holdings in the Company.

"In early March 2016, the Company informed the Reporting Persons
that it intended to include in its annual report on Form 10-K a
description of a purported dispute between the Company and the
Reporting Persons about whether the Company could automatically
convert shares of Series B Preferred into Common Shares under
clause (i) of Section 4.4.4(b), which provides:  "The shares of
Series B preferred shall be automatically converted ...

   upon the closing of an underwritten initial public offering
   with aggregate offering proceeds to the Corporation of at least
   $7,000,000 (after reduction for underwriting discounts and
   commissions) and a price per share to the public of at least
   the Series B Stated Value (subject to adjustment in the event
   of any stock dividend, stock split, stock distribution or
   combination with respect to such shares) upon the closing of
   which the shares of Common Stock of the Corporation shall be
   listed for trading on the national securities exchanges
   operated by the New York Stock Exchange or NASDAQ Stock
   Market[.]

"The Reporting Persons responded that there was no legitimate
dispute and the proposed language about the matter was materially
false and misleading.  The Reporting Persons provided a detailed
explanation to the Company showing that the conditions for
automatic conversion under clause (i) of Section 4.4.4(b) of
Article 4 of the Company's Amended and Restated Articles of
Incorporation could not be met because: (1) the Company could not
conduct an initial public offering since it was already publicly
traded; (2) it could not meet the minimum price per share
requirement because the adjusted Series B Stated Value was $70 per
share; and (3) the closing of any future public offering would not
result in the Company's Common Stock being listed on a national
securities exchange since the Company's Common Stock is already
listed on the NSYE MKT.

"On March 30, 2016, the Company filed with the United States
Securities and Exchange Commission its annual report on Form 10-K,
which include several references to the purported dispute.  The
Company did so over the objection of Board Member Julian Kirk, who
voted against the approval of the Form 10-K and declined to sign it
as a member of the Company's Board of Directors.

"On April 6, 2016, the Reporting Persons learned that the trumped
up dispute over whether an automatic conversion could occur after a
future public offering was a ruse to conceal from the Reporting
Persons what the Company was actually doing.  On that day, the
Company's Board met telephonically on two days' notice.  During the
meeting, the Board was asked to approve a transaction concocted
with the intention of forcing an automatic conversion of the Series
B Preferred under clause (ii) of Section 4.4.4(b), which provides:
"The shares of Series B preferred shall be automatically converted
... at the election of the holders of two-thirds (2/3) of the then
outstanding shares of Series B Preferred."

"In the proposed transaction, shares of Series B Preferred held by
shareholders other than the Reporting Persons would be purchased by
"existing and new investors."  The new holders of those shares of
Series B Preferred would own more than two-thirds of the Series B
Preferred and would "elect" to convert their shares of Series B
Preferred into Common Stock.  As a reward for participating in this
scheme, the Company would give them 130% of the number of shares of
Common Stock to which they would be entitled under the Company's
Amended and Restated Articles of Incorporation for converting.  The
Company brazenly referred to the additional shares as "inducement
common shares."

"The members of the Company's Board -- other than Julian Kirk, who
voted against it -- voted to approve the deal with virtually no
discussion.  The meeting was over in a matter of minutes.

"On April 14, 2016, NRM VII Holdings I, LLC, the record owner of
the Reporting Persons' Series B Preferred shares, filed a lawsuit
against the Company and the members of its Board of Directors
(other than Julian Kirk) in the California Superior Court for the
County of San Diego.  The lawsuit alleges that the Company breached
the implied covenant of good faith and fair dealing by bribing
certain individuals to participate in the above-described
transaction through the payment of "inducement common shares" in
excess of the number of shares to which they would be entitled to
receive for converting to Common Stock under the Company's
corporate charter.  The lawsuit alleges that the members of the
Company's Board of Directors who were named as defendants breached
their fiduciary duty of good faith owed NRM VII Holdings I, LLC, as
a shareholder of the Company, by participating in this scheme.

On April 15, 2016, Julian Kirk delivered to the Company his
resignation from its Board of Directors.  As a result of this bad
faith conduct toward one of the Company's largest investors, the
Reporting Persons no longer trust the Company's management or Board
and have no faith in their ability to create value for the
Company's shareholders.
                                  
"The Reporting Persons will, from time to time, depending upon
market conditions and other factors deemed relevant by the
Reporting Persons, dispose of, in the open market, in a privately
negotiated transaction, by transfer, by exchange or by gift, all or
a portion of the shares of Common Stock or other securities of the
Company that they now own.

"At April 15, 2016, none of the Reporting Persons have present
plans or proposals which would result in:

   (a) The acquisition by any person of additional securities of
       the Company, or the disposition of securities of the
       Company;

   (b) An extraordinary corporate transaction such as a merger,
       reorganization or disposition, involving the Company or any

       of its subsidiaries;

   (c) A sale or transfer of a material amount of assets of the
       Company or any of its subsidiaries;

   (d) Any change in the present board of directors or management
       of the Company, including any plans or proposals to change
       the number or term of directors or to fill any existing
       vacancies on the board;

   (e) Any material change in the present capitalization or
       dividend policy of the Company;

   (f) Any other material change in the Company's business or
       corporate structure, including but not limited to, if the
       Company is a registered closed-end investment company, any
       plans or proposals to make any changes in its investment
       policy for which a vote is required by Section 13 of the
       Investment Company Act of 1940;

   (g) Changes in the Company's charter, bylaws or instruments
       corresponding thereto or other actions which may impede the

       acquisition of control of the Company by any person;

   (h) Causing a class of securities of the Company to be delisted

       from a national securities exchange or to cease to be
       authorized to be quoted in an inter-dealer quotation system

       of a registered national securities association;

   (i) A class of equity securities of the Company becoming
       eligible for termination of registration pursuant to
       Section 12(g)(4) of the Securities Exchange Act of 1934; or

   (j) Any action similar to any of those actions enumerated
       above."

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

                    http://is.gd/eLjVG9

                       About AmpliPhi

AmpliPhi Biosciences Corp. is a biopharmaceutical company that
develops bacteriophage-based therapeutics.  It also develops an
internally generated pipeline of naturally occurring viruses
called bacteriophage (Phage) for the treatment of bacterial
infection, such as drug-resistant strains of bacteria that are
commonly found in the hospital setting.  The company's Phage
discovery also focuses on acute & chronic lung, sinus and
gastrointestinal infections.  AmpliPhi Biosciences was founded in
March 1989 and is headquartered in Glen Allen, Virginia.

Ampliphi Biosciences reported a net loss attributable to common
stockholders of $10.79 million on $475,000 of revenue for the year
ended Dec. 31, 2015, compared to net income attributable to common
stockholders of $21.8 million on $409,000 of revenue for the year
ended Dec. 31, 2014.  As of Dec. 31, 2015, AmpliPhi had $31.5
million in total assets, $6.88 million in total liabilities, $11.89
million in series B convertible preferred stock, and $12.7 million
in total stockholders' equity.

Ernst & Young LLP, in Richmond, Virginia, issued a "going concern"
qualification on the Company's consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company has
recurring losses from operations and has a net capital deficiency
that raise substantial doubt about its ability to continue as a
going concern.


AMPLIPHI BIOSCIENCES: Terminates ECC Agreement with Intrexon
------------------------------------------------------------
AmpliPhi Biosciences Corporation, on April 13, 2016, provided
written notice to Intrexon Corporation of its election to
voluntarily terminate that certain Exclusive Channel Collaboration
Agreement, dated as of March 29, 2013, by and between the Company
and Intrexon.  The effective date of termination will be 90 days
following delivery of the termination notice.  The Company will not
incur any early termination penalties as a result of the
termination of the ECC Agreement.

The ECC Agreement is directed towards the research, development and
commercialization of new bacteriophage-based therapies for the
treatment of bacterial infections caused by P. aeruginosa and C.
difficile.

"We elected to terminate the ECC Agreement based on our belief that
meaningful progress has not been made under the collaboration
program and our desire to avoid incurring further expenses or
financial obligations under the ECC Agreement," the Company stated
in a regulatory filing with the Securities and Exchange
Commission.

Intrexon, together with its affiliates, is one of the Company's
principal stockholders.  In connection with the Company's entry
into the ECC Agreement, on March 29, 2013, the Company entered into
a Stock Issuance Agreement with Intrexon, pursuant to which the
Company issued Intrexon 480,000 shares of its common stock as an
upfront technology access fee.  The Stock Issuance Agreement
provides Intrexon with certain piggyback registration rights in the
event the Company files a registration statement with respect to an
underwritten offering by it.  On March 10, 2015, the Company
entered into a Registration Rights Agreement with Intrexon and the
other investors in the Company's March 2015 private placement
financing, under which the Company granted to Intrexon certain
piggyback registration rights in the event it files a registration
statement relating to the offering of its securities for its
account or the account of others in certain circumstances, subject
to customary exceptions.

                        About AmpliPhi

AmpliPhi Biosciences Corp. is a biopharmaceutical company that
develops bacteriophage-based therapeutics.  It also develops an
internally generated pipeline of naturally occurring viruses
called bacteriophage (Phage) for the treatment of bacterial
infection, such as drug-resistant strains of bacteria that are
commonly found in the hospital setting.  The company's Phage
discovery also focuses on acute & chronic lung, sinus and
gastrointestinal infections.  AmpliPhi Biosciences was founded in
March 1989 and is headquartered in Glen Allen, Virginia.

Ampliphi Biosciences reported a net loss attributable to common
stockholders of $10.79 million on $475,000 of revenue for the year
ended Dec. 31, 2015, compared to net income attributable to common
stockholders of $21.8 million on $409,000 of revenue for the year
ended Dec. 31, 2014.  As of Dec. 31, 2015, AmpliPhi had $31.5
million in total assets, $6.88 million in total liabilities, $11.89
million in series B convertible preferred stock, and $12.7 million
in total stockholders' equity.

Ernst & Young LLP, in Richmond, Virginia, issued a "going concern"
qualification on the Company's consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company has
recurring losses from operations and has a net capital deficiency
that raise substantial doubt about its ability to continue as a
going concern.


APPLIED MINERALS: Files Post-Effective Amendment to Form S-1
------------------------------------------------------------
Applied Minerals, Inc., filed with the Securities and Exchange
Commission a post-effective amendment No.1 to its Form S-1
registration statement relating to the offer and sale by the
Selling Stockholders, from time to time, of the following:

   * Up to 27,537,181 shares of Common Stock, issuable on
     conversion of 10% PIK-Election Convertible Notes due 2018.
     At the Company's election, interest may be paid in cash or in
     Series A Notes.  As of the date of this prospectus,
     14,163,370 shares are issuable on conversion of the Series A
     Notes that were issued on November 3, 2014 (the date of the
     initial issuance of Series A Notes) and 2,118,136 shares are
     issuable on conversion of Series A Notes that have been
     issued as interest.  If the Company issues additional Series
     A Notes in payment of interest, the number of shares that may
     be sold pursuant to this Prospectus relates will increase,
     and if the Company makes all the interest payments by issuing
     additional Series A Notes and all the Series A Notes
    (including all the Series A Notes issued as interest) remain
     outstanding until maturity, the additional shares issuable on

     conversion of the Series A Notes issued in payment of
     interest could increase the number of shares issuable on
     conversion of the Notes to 27,537,181 shares.  This number
     assumes that immediately prior to the 2018 maturity date, the

     maturity date to be extended from 2018 to 2023, the interest
     rate is lowered to 1% and the conversion price is reduced by
     $0.10, all in accordance with the terms of the Notes.  Given
     the Company's current financial position, it is anticipated
     that for the foreseeable future, the Company will pay
     interest using Series A Notes issued as payment-in-kind
     interest.  The shares of Common Stock that may be issued on
     conversion of the Series A Notes are referred to as the
     "Shares."

   * 10,000,000 already outstanding shares of Common Stock.
       
   * 666,392 shares of Common Stock issued as Liquidated Damages
     pursuant to Section 2c of the Registration Statement
     Agreement for the Series A Notes.

The Company's Common Stock is quoted on the OTCQB under the symbol
"AMNL."  On April 14, 2016, the closing bid quotation of the
Company's Common Stock was $0.17.

A copy of the amended prospectus is available for free at:

                      http://is.gd/hOKxd7

                     About Applied Minerals

New York City-based Applied Minerals, Inc. (OTC BB: AMNL) is a
leading global producer of halloysite clay used in the development
of advanced polymer, catalytic, environmental remediation, and
controlled release applications.  The Company operates the Dragon
Mine located in Juab County, Utah, the only commercial source of
halloysite clay in the western hemisphere.  Halloysite is an
aluminosilicate clay that forms naturally occurring nanotubes.

Applied Minerals reported a net loss of $10.3 million in 2014, a
net loss of $13.06 million in 2013 and a net loss of $9.73 million
in 2012.  As of Dec. 31, 2014, the Company had $18.5 million in
total assets, $26 million in total liabilities, and a $7.51 million
total stockholders' deficit.


APRICUS BIOSCIENCES: CMO's Employment Agreement Ends May 31
-----------------------------------------------------------
Apricus Biosciences, Inc., entered into an employment transition
agreement with Barbara Troupin, M.D., M.B.A., the Company's senior
vice president, chief medical officer.  Pursuant to the agreement,
Dr. Troupin's employment with the Company will terminate effective
as of May 31, 2016.

As disclosed in a regulatory filing with the Securities and
Exchange Commission, Dr. Troupin intends to pursue other
opportunities in light of the Company's decision to deprioritize
its pipeline assets and focus on the commercialization of Vitaros.
Pursuant to the agreement, following her termination of employment
and subject to her execution of a general release of claims, Dr.
Troupin will be entitled to receive certain severance benefits,
including the payment of her annual base salary, an amount equal to
her annual bonus for 2015, six months of continued health benefits
at Company expense, and full acceleration of all of her outstanding
equity awards.

                   About Apricus Biosciences

Apricus Biosciences, Inc. is a Nevada corporation that was
initially formed in 1987.  The Company has operated in the
pharmaceutical industry since 1995.  The Company's current focus is
on the development and commercialization of innovative products and
product candidates in the areas of urology and rheumatology. The
Company's proprietary drug delivery technology is a permeation
enhancer called NexACT.

Apricus reported a net loss of $19.02 million in 2015, a net loss
of $21.78 million in 2014 and a net loss of $16.93 million in 2013.
As of Dec. 31, 2015, Apricus had $7.85 million in total assets,
$17.79 million in total liabilities and a total stockholders'
deficit of $9.94 million.

BDO USA, LLP, in La Jolla, California, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has negative working
capital and has suffered recurring losses and negative cash flows
from operations that raise substantial doubt about its ability to
continue as a going concern.


ARCHDIOCESE OF MILWAUKEE: Moves 2 Claims to Class 8
---------------------------------------------------
Reorganized debtor the Archdiocese of Milwaukee sought and obtained
a Bankruptcy Court order permitting the amendment to Exhibit F and
Exhibit G to the Second Amended Chapter 11 Plan of Reorganization
dated Sept. 25, 2015.

Those amendments move two claims from Class 9 to Class 8 pending
the outcome of the investigation of the claims.

The Archdiocese, the Official Committee of Unsecured Creditors,
State Court Counsel, and the Cemetery Trust participated in a
voluntary mediation from July 15, 2015 through July 17, 2015,
leading to a global settlement embodied in the Amended Plan, which
was confirmed by the Court in an order entered on Nov. 13, 2016.

The Amended Plan classified Abuse Survivor claims based on the
factual information contained in the proofs of claim.  More
particularly, the Amended Plan defined Class 8 Claims as those
claims meeting the following criteria adopted by the parties as
part of the global settlement:

   (1) The Claimant and the Archdiocese are not parties to a valid
settlement agreement releasing the Archdiocese from liability
associated with the Abuse; and

   (2) The claim alleges sexual abuse of a minor by either (a) a
priest on the List of Substantiated Abusers or (b) a member of a
religious order or lay person at a Catholic Entity.

Following the mediation, but prior to confirmation of the Amended
Plan, certain claimants provided additional information regarding
the abusers identified in the proofs of claim.

In two circumstances, that information led to investigations by the
Archdiocese to determine whether the claims could be
substantiated.

The Archdiocese commenced the investigations as soon as it received
the new information; however, because of the unavailability of
witnesses, the investigator was not able to commence interviews
until recently. The Archdiocese expects that the investigator will
conclude his work in the next two to three months.

The two claims are at issue are currently classified in Class 9.
Pending the outcome of the investigation, it may be appropriate to
move the Claims to Class 8.

The Plan Trustee (as such term is defined in the Amended Plan)
acknowledges the importance of investigating the treatment of these
claims but expressed reservations about agreeing to move the claims
to the appropriate class without the Court’s specific approval.

Therefore, the Archdiocese filed a Motion to formally amend the
exhibits to the Amended Plan to accomplish the global settlement
reached by the parties and accommodate the Plan Trustee.

No objections were filed to the Motion.

"The Plan Trustee is directed to consider the two claims under
investigation as Class 8 claims on an interim basis but shall not
distribute monetary awards to the subject claimants (other than the
$2000 due to the claimant as Class 9 Claimants) until the
Reorganized Debtor reports to the Plan Trustee whether such
claimant should be in Class 8 on a final basis," Judge Susan V.
Kelley ruled in her order approving the Motion.

The Debtor's attorneys:

         WHYTE HIRSCHBOECK DUDEK S.C.
         Daryl L. Diesing
         Bruce G. Arnold
         Francis H. LoCoco
         Lindsey M. Greenawald
         555 East Wells Street, Suite 1900
         Milwaukee, WI 53202
         Telephone: (414) 978-5523
         Facsimile: (414) 223-5000
         E-mail: ddiesing@whdlaw.com
                 barnold@whdlaw.com
                 flococo@whdlaw.com
                 lgreenawald@whdlaw.com

              About the Archdiocese of Milwaukee

The Diocese of Milwaukee was established on Nov. 28, 1843, and
was elevated to an Archdiocese on Feb. 12, 1875, by Pope Pius IX.
The region served by the Archdiocese consists of 4,758 square
miles in southeast Wisconsin which includes counties Dodge, Fond
du Lac, Kenosha, Milwaukee, Ozaukee, Racine, Sheboygan,
Walworth, Washington and Waukesha. There are 657,519 registered
Catholics in the Region.

The Catholic Archdiocese of Milwaukee, in Wisconsin, filed for
Chapter 11 bankruptcy protection (Bankr. E.D. Wis. Case
No. 11-20059) on Jan. 4, 2011, to address claims over sexual
abuse by priests on minors.

The Archdiocese became at least the eighth Roman Catholic diocese
in the U.S. to file for bankruptcy to settle claims from current
and former parishioners who say they were sexually molested by
priests.

The Archdiocese estimated assets and debts of $10 million to $50
million in its Chapter 11 petition.

Daryl L. Diesing, Esq., at Whyte Hirschboeck Dudek S.C., in
Milwaukee, Wisconsin, serves as the Archdiocese's counsel.

The Official Committee of Unsecured Creditors in the bankruptcy
case has retained Pachulski Stang Ziehl & Jones LLP as its
counsel, and Howard, Solochek & Weber, S.C., as its local
counsel.  The Committee also won approval to retain Paul Finn as
abuse claims reviewer.

                           *     *     *

On Nov. 13, 2015, the Bankruptcy Court entered an order confirming
Archdiocese of Milwaukee's Second Amended Chapter 11 Plan of
Reorganization dated Sept. 25, 2015.  On Nov. 30, 2015, the
effective date occurred with respect to the Plan.

The Chapter 11 plan of reorganization was made possible by a $21
million settlement with about 350 victims of clergy sex abuse.

A copy of the Second Amended Plan is available for free at:

   http://bankrupt.com/misc/Arch_Milw_3313_2nd_Am_Plan.pdf

A copy of the Ballot Report is available for free at:

   http://bankrupt.com/misc/Arch_Milw_3309_Ballot_Report.pdf

A copy of the Plan Confirmation Order is available for free at:

   http://bankrupt.com/misc/Arch_Milw_3322_Plan_Conf_Ord.pdf


ASPECT SOFTWARE: Hires Jefferies as Investment Banker
-----------------------------------------------------
Aspect Software Parent, Inc., et al., seek authorization from the
U.S. Bankruptcy Court for the District of Delaware to employ
Jefferies LLC as investment banker, nunc pro tunc to the March 9,
2016 petition date.

The Debtors anticipate that Jefferies will perform these investment
banking services:

   (a) providing financial advice and assistance in connection
       with any Transaction including the Transaction set forth in
       the PSA;

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

   (c) assisting and advising the Debtors on tactics and
       strategies for negotiating with other stakeholders;

   (d) attending meetings with respect to matters on which
       Jefferies has been engaged to advise the Debtors under the
       Engagement Letter;

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

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

Jefferies and the Debtors have agreed on the following terms of
compensation and expense reimbursement:

     -- Monthly Fee. A monthly fee equal to $150,000 payable on
        the 28th day of each month. Fifty percent of any Monthly
        Fees actually paid to and retained by Jefferies will be
        credited once against the payment of the first
        Restructuring Fee or Transaction Fee, as the case may be,
        to become payable under the Engagement Letter.

     -- Restructuring Fee. Upon the consummation of any
        Restructuring, a fee equal to 0.9% of the aggregate
        principal amount and accrued interest of the Company's
        outstanding indebtedness so restructured.

In addition to any fees that may be paid to Jefferies under the
Engagement Letter, the Debtors shall reimburse Jefferies for
out-of-pocket expenses incurred in connection with its engagement
by the Debtors capped at $100,000 which cap may increase with the
consent of the Debtors.

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

Jefferies LLC can be reached at:

       Richard Morgner
       Jefferies LLC
       520 Madison Ave. 10th Floor
       New York, NY 10022
       Tel: (212) 284-2300

               About Aspect Software Parent, Inc.

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.



ATK OILFIELD: April 18 Hearing on Proposed Sale Protocol
--------------------------------------------------------
Ernst & Young, Inc., the court-appointed receiver and authorized
foreign representative of ATK Oilfield Transportation Inc. and ATK
Oilfield Transportation (USA) Inc., seek authority from the U.S.
Bankruptcy Court for the Western District of Texas, Midland
Division, to sell all or a portion of their business, undertakings,
and assets, or a combination thereof.  

Currently pending before the Court is an Expedited Petition for
Recognition set for hearing on April 18, where the Receiver
requests that this Court extend comity to the Canadian Court and
approve a similar sales procedure for the assets of the Debtors in
the territorial jurisdiction of the United States.

The Receiver seeks expedited relief because approval for a sale
procedure is being sought in Canada, and the Receiver expects that
an order approving the sale procedure will be approved in Canada on
April 15, 2016.

Features of the proposed Canadian Sale Procedure include:

   (a) "As Is, Where Is" sale of various types of equipment and
rolling stock.

   (b) The sale will be advertised in various major publications.

   (c) Potentially interested parties will be contacted with a
Teaser Letter, who will sign a confidentiality agreement if such
parties wish to do due diligence and obtain access to the data room
with respect to the assets.

   (d) Offers must be submitted by 4:00 p.m. Mountain Standard Time
on May 13, 2016, with an accompanying deposit.

   (e) The Receiver reserves the right to conduct an auction.

   (f) The Receiver may select Qualified Bidders on or before May
16, 2016.

   (g) Closing as soon as practicable after determining Accepted
Offers, but the Receiver may extend such Closing Date.

The Court ordered that the Receiver’s Motion for Order to Approve
Sales Procedures is scheduled for expedited hearing on April 18,
2016.

The Receiver is represented by:

       Steve A. Peirce, Esq.
       NORTON ROSE FULBRIGHT US LLP
       300 Convent Street, Suite 2100
       San Antonio, TX  78205-3792
       Telephone: (210) 224-5575
       Facsimile: (210) 270-7205
       Email: steve.peirce@nortonrosefulbright.com  

       -- and --  

       Jason L. Boland, Esq.
       Andrew Black, Esq.
       NORTON ROSE FULBRIGHT US LLP
       1301 McKinney, Suite 5100
       Houston, TX 77010-3095
       Telephone: (713) 651-5151
       Facsimile: (713) 651-5246
       Email: jason.boland@nortonrosefulbright.com
              andrew.black@nortonrosefulbright.com

              About ATK Oilfield

Headquartered in Calgary, Alberta with operations throughout
Western Canada and the Permian Basin in the United States, the
Debtors' business consists of moving drilling rigs.  The Debtors'
assets, located in Canada and the United States, consist of various
equipment, rolling stock (trucks and trailers), contracts and
contract receivables, leased real property in Canada and Texas, as
well as owned real property located in Edson, Alberta and
Floresville, Texas.

On March 30, 2016, Alberta Treasury Branches, the Debtors' secured
creditor, filed an application for receivership with the Court of
Queen's Bench of Alberta in the Judicial Centre of Calgary,
Canada.

The Canadian Court entered on April 1, 2016, a receivership order
which provides for a stay against seizure of assets and litigation
akin to the automatic stay embodied in Section 362(a) of the
Bankruptcy Code.  Among other things, the Receivership Order
appointed Ernst & Young Inc. as the Receiver of the Debtors.

ATK Oilfield Transportation Inc. and ATK Oilfield Transportation
(USA) Inc., filed Chapter 15 petitions in the U.S. Bankruptcy Court
for the Western District of Texas (Bankr. W.D. Tex. Case Nos.
16-70042 and 16-70043, respectively) on April 1, 2016.  The
petitions were signed by Ernst & Young, Inc., the court-appointed
receiver and authorized foreign representative of the Debtors.

Norton Rose Fulbright US LLP serves as the Receiver's counsel.

Judge Ronald B. King has been assigned the case.


ATNA RESOURCES: Committee Has Until May 5 to Challenge Liens
------------------------------------------------------------
The Official Committee of Unsecured Creditors sought and obtained
approval from Judge Joseph G. Rosania, Jr., of the U.S. Bankruptcy
Court for the District of Colorado of a stipulation with Atna
Resources Inc. and its affiliated debtors, and Waterton Precious
Metals Fund II Cayman, LP, where the parties agreed to a second
extension of the Committee's Challenge Period through May 5, 2016.

The Official Committee of Unsecured Creditors

     Christian C. Onsager, Esq.
     Michael J. Guyerson, Esq.
     Gabrielle Palmer, Esq.
     ONSAGER | GUYERSON | FLETCHER | JOHNSON
     1801 Broadway, Suite 900
     Denver, Colorado 80202
     Telephone: (720) 457-7061
     Facsimile: (303) 512-1129
     Email: consager@OGFJ-law.com
            mguyerson@OGFJ-law.com
            gpalmer@OGFJ-law.com  

            About Atna Resources

Headquartered in Lakewood, Colorado, Atna Resources Ltd. --
http://www.atna.com/-- is engaged in all phases of the mining
business, including exploration, preparation of pre-feasibility and
feasibility studies, permitting, construction and development,
operation and final closure of mining properties.  

The Company owns or controls various properties with gold
resources.  The Company's production property includes Briggs Mine
California and Pinson Mine Property, Nevada.  The Company's
development properties include Mag Pit at Pinson; Columbia Project,
Montana and Briggs Satellite Projects, California.  Its exploration
properties include Sand Creek Uranium Joint Arrangement, Wyoming;
Blue Bird Prospect, Montana and Canadian Properties, Yukon and
British Columbia.  Its Closure Property is Kendall, Montana.  The
Briggs mine is located on approximately 156 unpatented claims,
including approximately 15 mill site claims, covering over 2,890
acres.  The Company's Pinson Mine Property is located in Humboldt
County, Nevada, over 30 miles east of Winnemucca.

Atna Resources, Inc. and its direct and indirect subsidiaries filed
Chapter 11 bankruptcy petitions (Bankr. D. Colo. Proposed Lead Case
No. 15-22848) on Nov. 18, 2015.  The petitions were signed by
Rodney D. Gloss as vice president & chief financial officer.   

Atna also sought ancillary relief in Canada pursuant to the
Companies' Creditors Arrangement Act in the Supreme Court of
British Columbia in Vancouver, Canada.

In its Chapter 11 petition, Atna estimated assets in the range of
$10 million to $50 million and liabilities of $50 million to $100
million.  

Squire Patton Boggs (US) LLP serves as counsel to the Debtors.

On Dec. 14, 2015, the Office of the United States Trustee for the
District of Colorado appointed a statutory committee of unsecured
creditors in the Chapter 11 Cases.  The Committee tapped Onsager |
Guyerson | Fletcher | Johnson as attorneys.


AXION INTERNATIONAL: Admin. Claims Bar Date Set for April 22
------------------------------------------------------------
The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware established April 22, 2016, at 4:00 p.m.
as the deadline to file administrative claims against Axion
International, Inc., et al.

Proofs of claim must be submittted to the Debtor's claims agent:

1) if by first class mail:

        Axion International, Inc. Claims Processing Center
        c/o  Epiq Bankruptcy Solutions, LLC
        P.O. Box 4420
        Beaverton, OR 97076-4420

2) if by delivery by overnight courier or messenger:

        Axion International, Inc. Claims Processing Center
        c/o Epiq Banruptcy Solutions, LLC
        10300 SW Alle Blvd.
        Beaverton, OR 97005

As reported by the Troubled Company Reporter on March 23, 2016, the
Debtors requested that the Court set a deadline for the filing of
proofs of claim for administrative expenses that have accrued from
and after the Petition Date through and including March 21, 2016.

                          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: April 29 Set as General Claims Bar Date
------------------------------------------------------------
The Hon. Christopher S. Sontchi of the U.S. Bankruptcy Court for
the District of Delaware established April 29, 2016, at 4:00 p.m.
as the last day for any individual or entity to file proos of claim
againt Axion International, Inc., et al.

The Court also set June 2, 2016, at 4:00 p.m. as the deadline for  
governmental units to file proofs of claim against the Debtor.

As reported by te Troubled Company Reporter on March 23, 2016, the
Debtors anticipate that certain entities may assert claims in
connection with the Debtors' rejection of executory contracts
and/or unexpired leases pursuant to section 365 of the Bankruptcy
Code.  The Debtors request that the bar date for Proofs of Claim on
account of Rejection Damages Claims  be set as occurring on or
before the  later of: (a) the applicable Bar Date; or (b) 30 days
after the entry of an order approving the rejection of the subject
executory contract and/or unexpired lease pursuant to which a
Rejection Damages Claim arises.

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

                          About Axion

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

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

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

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


BALMORAL RACING: Seeks to Sell Crestwood OTB for $800K
------------------------------------------------------
Balmoral Racing Club, Inc., and Maywood Park Trotting Association,
Inc., seek authority from the U.S. Bankruptcy Court to sell the
real estate located in Crestwood, Illinois, and the personal
property located at and previously used in connection with its
Off-Track Betting operation at the Crestwood OTB.

The Debtors relate that their businesses have ceased operating,
except that of the Crestwood OTB, and that over the past five
months the Debtors have been proceeding with the liquidation of
their assets with the support of the Judgment Creditors, pursuant
to various orders of the Court, while they negotiated and finalized
the terms of the Plan.  In continuation of the liquidation efforts,
the Debtors now seek authority to sell the Crestwood OTB to
Hawthorne Race Course, Inc., pursuant to the Asset Purchase
Agreement, where the principal terms of the proposed sale are
summarized as follows:

   a. Hawthorne shall pay the sum of $800,000 for the Sale Assets.


   b. An earnest money deposit of $50,000 is required under the
APA.  The Purchase Price will be paid in full at the closing,
subject to prorations standard for real estate closings in
Illinois.  

   c. Title shall be conveyed at the closing by quitclaim deed and
quitclaim bill of sale, free and clear of all liens, claims,
interests and encumbrances as provided by the proposed Sale Order.

   d. In addition to the entry of the Sale Order, Hawthorne has
required as a condition precedent to Closing its receipt of the
necessary licenses, permits and approvals from the Illinois Racing
Board (IRB), Cook County, State of Illinois and Village of
Crestwood.  

The Debtors further allege that in December 2015, due to
controlling provisions of the Horse Racing Act and applicable IRB
regulations, the Debtors contacted Arlington International
Racecourse, LLC and Hawthorne Race Course, Inc. -- as these are the
only eligible entities to purchase and run Debtors' OTB operations
as a going concern -- directly to determine whether either
racetrack had interest in purchasing some or all of the Debtors’
OTB operations prior to a wind down.

While initially interest in a purchase of certain of the OTBs had
been expressed by both of these tracks as of December 2015,
however, the Debtors assert that they have only received a written
letter of interest from Hawthorne, who is willing to pay more than
liquidation value of the Sale Assets, and in fact, engaged in
negotiations with the Debtors that resulted in a significant
increase of the Purchase Price than originally proposed by
Hawthorne. Additionally, Arlington has not made any offer with
respect to the Crestwood OTB or any of the Debtors other OTB
operations, and as such, the proposed sale to Hawthorne represents
the highest and best offer available for the Crestwood OTB.

Balmoral Racing Club, Inc. and Maywood Park Trotting Association,
Inc. are represented by:

    Chad H. Gettlemen, Esq.
    Nathan Q. Rugg, Esq.
    Alexander F. Brougham, Esq.
    ADELMAN & GETTLEMAN, LTD.
    53 West Jackson Boulevard, Suite 1050
    Chicago, Illinois 60604
    Telephone: (312) 435-1050
    Facsimile: (312) 435-1059
    Email: chg@ag-ltd.com
           nrugg@ag-ltd.com
           abrougham@ag-ltd.com

         About Balmoral Racing

Balmoral Racing Club, Inc., and Maywood Park Trotting Association,
Inc. operate pari-mutuel wagering at the Balmoral Park and Maywood
Park racetracks in Illinois under a license granted by the State of
Illinois pursuant to the Illinois Horse Racing Act of 1975.

Balmoral Racing Club (Bankr. N.D. Ill. Case No. 14-45711) and
Maywood Park Trotting Association (Bankr. N.D. Ill. Case No.
14-45718) filed for Chapter 11 bankruptcy protection on Dec. 24,
2014, to continue operations into 2015 and protect themselves
against property seizure.  Both cases were consolidated on December
31, 2014.

Alexander F. Brougham, Esq., Chad H. Gettleman, Esq., and Nathan Q.
Rugg, Esq., at Adelman & Gettleman, Ltd., serve as the Debtors'
bankruptcy counsel.

Neither a trustee nor a committee of unsecured creditors has been
appointed in the Chapter 11 Cases.


BH SUTTON: Committee Panel Hires Westerman Ball as Counsel
----------------------------------------------------------
The Official Committee of Unsecured Creditors of BH Sutton Mezz LLC
seeks authorization from the Hon. Sean H. Lane of the U.S.
Bankruptcy Court for the Southern District of New York to retain
Westerman Ball Ederer Miller Zucker & Sharfstein, LLP as counsel to
the Committee, effective March 23, 2016.

In addition to acting as primary spokesman for the Committee, it is
expected that Westerman Ball's services will include, without
limitation, assisting, advising and representing the Committee with
respect to the following matters:

   (a) the administration of this case and the exercise of
       oversight with respect to the Debtor's affairs including
       all issues arising from or impacting the Debtor or the
       Committee in this Chapter 11 case;

   (b) the preparation on behalf of the Committee of all necessary

       applications, motions, orders, reports and other legal
       papers;

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

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

   (e) the exercise of oversight with respect to any transfer,
       pledge, conveyance, sale or other liquidation of the
       Debtor's assets;

   (f) such investigation, if any, as the Committee may desire
       concerning, among other things, the assets, liabilities,
       financial condition and operating issues concerning the
       Debtor that may be relevant to this case, including
       the validity, priority and amount of alleged secured and
       unsecured claims and liens;

   (g) such communication with the Committee's constituents and
       others as the Committee may consider desirable in
       furtherance of its responsibilities; and

   (h) the performance of all of the Committee's duties and powers

       under the Bankruptcy Code and the Bankruptcy Rules and the
       performance of such other services as are in the interests
       of those represented by the Committee or as may be ordered
       by the Court.

Westerman Ball will be paid at these hourly rates:

       Thomas A. Draghi                  $600
       John E. Westerman                 $625
       Eric G. Waxman, III               $595
       Mickee M. Hennessy                $550
       Florence Jean-Joseph, paralegal   $200
       Partners and Counsel              $450-$625
       Associates                        $225-$425
       Paraprofessionals                 $200

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

Thomas A. Draghi, senior partner of Westerman Ball, 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.

Westerman Ball can be reached at:

       Thomas A. Draghi, Esq.
       WESTERMAN BALL EDERER
       MILLER ZUCKER & SHARFSTEIN, LLP
       1201 RXR Plaza
       Uniondale, NY 11556
       Tel: (516) 622-9200

                       About BH Sutton

New York City-based BH Sutton Mezz LLC filed for Chapter 11
protection (Bankr. S.D. NY Case No. 16-10455) on Feb. 26, 2016.
The petition was signed by Herman Carlinsky, president.  The Hon.
Sean H. Lane presides over the case.  Joseph S. Maniscalco, Esq.,
at Lamonica Herbst & Maniscalco, LLP represents the Debtor in its
restructuring effort.  The Debtor estimated assets at $100 million
to $500 million and debts at $10 million to $50 million.



BILL BARRETT: Completes Semi-Annual Borrowing Base Redetermination
------------------------------------------------------------------
Bill Barrett Corporation announced that it has successfully
completed the semi-annual borrowing base redetermination of its
revolving credit facility maturing in April 2020.  The bank group
has set a borrowing base of $335 million, an 11% reduction from the
previous borrowing base of $375 million.  There were no changes to
the terms or conditions of the Facility.  The Facility has $335
million of commitments and there are currently no borrowings
outstanding.

Chief Executive Officer and President Scot Woodall commented, "We
are pleased with the results of our semi-annual borrowing base
redetermination and the continued support of our lender group
during this challenging environment.  Maintaining a borrowing base
near our previous commitment level demonstrates the strong
economics of our properties and reserve additions.  We remain
financially well-positioned with an undrawn credit facility, over
$100 million of cash on hand, and nearly two-thirds of our 2016 oil
hedged at approximately $80 per barrel."

The next regularly scheduled borrowing base redetermination will
occur on or about Oct. 1, 2016.

                       About Bill Barrett

Bill Barrett Corporation together with its wholly-owned
subsidiaries is an independent energy company that develops,
acquires and explores for oil and natural gas resources.  All of
the Company's assets and operations are located in the Rocky
Mountain region of the United States.

Bill Barrett reported a net loss of $488 million in 2015 following
net income of $15.08 million in 2014.

As of Dec. 31, 2015, the Company had $1.51 billion in total assets,
$966 million in total liabilities and $549 million in total
stockholders' equity.


BON-TON STORES: Appoints Paul Rigby to Board of Directors
---------------------------------------------------------
The Bon-Ton Stores, Inc., announced that its Board of Directors has
unanimously elected Paul E. Rigby to its Board, effective
immediately.  Mr. Rigby will join the Audit Committee.  

Mr. Rigby, 62, has served on several private company boards since
2009, including Boscov's Department Stores, Inc.  Prior to that,
Mr. Rigby was with JPMorgan Chase and its predecessor banks, where,
beginning in 1983, he served in positions of increasing
responsibility for 25 years, most recently as a managing director.
During his time at JPMorgan Chase, he managed complex and
multi-faceted relationships with numerous large- and medium-cap
retailers, including The Bon-Ton Stores, Inc.  

"Paul will add to our board's expertise and working knowledge on
matters related to finance, strategic planning and capital
structure optimization," said Tim Grumbacher, Chairman of the Board
of Directors and Strategic Initiatives Officer.  "Paul is also
highly experienced in corporate governance with knowledge gained
through his service on the boards of numerous family-owned and
founder-led enterprises.  We're delighted to welcome Paul and look
forward to his guidance and counsel."  

Mr. Rigby received his M.B.A. from the University of Missouri and a
B.S. degree from the University of Illinois.  He currently serves
on the boards of Ignite Progress, LLC; Lumisource, LLC; The
Salvation Army, Chicago Metropolitan Division and Willow Creek
Community Church.  Mr. Rigby also has served as an executive
consultant for Telemedicine Solutions, LLC.

The election of Mr. Rigby and that of Debra K. Simon in March 2016
increases the size of The Bon-Ton Stores, Inc. board to 11 members.
Two board members, Lucinda M. Baier and Philip M. Browne, are
scheduled to retire from board service at The Bon-Ton Stores, Inc.
Annual Meeting of Shareholders on June 14, 2016.

With regard to the retirement of Ms. Baier and Mr. Browne, Mr.
Grumbacher stated, "The Board of Directors and I would like to
thank Cindy and Phil for their contributions and dedicated service.
We were very fortunate to have had their counsel and support and
wish them the best."  

Mr. Rigby will receive, on a prorated basis, the Company's standard
director compensation arrangements applicable to directors who are
not employees of the Company in accordance with the terms of
director compensation disclosed in the Company's Proxy Statement
filed with the Securities and Exchange Commission on May 5, 2015.

                       About Bon-Ton Stores

The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which
includes nine furniture galleries and four clearance centers, in
26 states in the Northeast, Midwest and upper Great Plains under
the Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman,
Herberger's and Younkers nameplates.  The stores offer a broad
assortment of national and private brand fashion apparel and
accessories for women, men and children, as well as cosmetics and
home furnishings.  For further information, please visit the
investor relations section of the Company's Web site at
http://investors.bonton.com.          

For the 52 weeks ended Jan. 30, 2016, the Company reported a net
loss of $57.05 million on $2.71 billion of net sales compared to a
net loss of $6.97 million on $2.75 billion of net sales for the 52
weeks ended Jan. 31, 2015.

As of Jan. 30, 2016, the Company had $1.55 billion in total assets,
$1.52 billion in total liabilities and $34.9 million in total
shareholders' equity.

                           *     *     *

As reported in the TCR on Dec. 4, 2015, Moody's Investors Service
downgraded Bon-Ton Stores's Corporate Family Rating to Caa1 from
B3.  The company's Speculative Grade Liquidity rating was affirmed
at SGL-2.  The rating outlook is stable.  The downgrade considers
the continuing and persistent negative pressure on Bon-Ton's
revenue and EBITDA margins which has been accelerating during the
course of fiscal 2015.

Standard & Poor's Ratings Services in December 2015 lowered its
corporate credit rating Bon-Ton Stores to 'CCC+' from 'B-'.
The outlook is negative.  S&P said the downgrade reflects both
Bon-Ton's weakening performance and our forecast for an
unsustainable capital structure and "less than adequate" liquidity.


BREITBURN ENERGY: Opts to Defer Interest Payments on Sr. Notes
--------------------------------------------------------------
Breitburn Energy Partners LP on April 14 disclosed that it has
elected to suspend the declaration of any further distributions on
its 8.25% Series A Cumulative Redeemable Perpetual Preferred Units
and 8% Series B Perpetual Convertible Preferred Units and to defer
an interest payment of approximately $33.5 million due April 14,
2016, on its 7.875% senior notes due April 2022 (the "2022 Notes")
and an interest payment of approximately $13.2 million on its
8.625% senior notes due October 2020 (the "2020 Notes" and,
together with the 2022 Notes, the "Notes").  Under the terms of the
indentures governing the 2020 Notes and 2022 Notes, the company has
a 30-day grace period after the interest payment date before an
event of default occurs.

Breitburn can elect to make the interest payments due under the
Notes at any time during the grace period.  However, if Breitburn
decides not to make such interest payments by the end of the grace
period, such failure constitutes, with respect to each series of
Notes, an "Event of Default" and also results in a cross-default
under Breitburn's revolving credit facility and its 9.25% Senior
Secured Second Lien Notes due May 2020.  Failure to make an
interest payment for either Note by the end of the grace period
also results in the Trustee under the related indenture or the
holders of at least 25% in aggregate principal amount of the then
outstanding Notes having the right to accelerate the repayment of
the principal amounts due under each series of Notes.

Breitburn has elected to utilize the grace period for the Notes as
part of its process to explore strategic alternatives to strengthen
its balance sheet and maximize the value of Breitburn.
Additionally, it has initiated discussions with its secured
debtholders related to alternatives to improve Breitburn's
long-term capital structure.  Breitburn has retained Lazard Freres
& Co. LLC as its financial advisor and Weil, Gotshal & Manges LLP
as its legal advisor to assist the Board of Directors and the
management team with the strategic review process.  In addition,
Jefferies LLC will provide Breitburn with corporate and financial
advisory services.

               About Breitburn Energy Partners LP

Breitburn Energy Partners LP -- http://www.breitburn.com-- is a
publicly traded, independent oil and gas master limited partnership
focused on the acquisition, development, and production of oil and
gas properties throughout the United States. Breitburn's producing
and non-producing crude oil and natural gas reserves are located in
the following seven producing areas: the Midwest, Ark-La-Tex, the
Permian Basin, the Mid-Continent, the Rockies, the Southeast, and
California.

                             *   *   *

As reported by the Troubled Company Reporter on April 13, 2016,
Egan-Jones Ratings Company lowered the senior unsecured rating on
debt issued by Breitburn Energy Partners LP to CCC+ from B- on
March 18, 2016.  EJR also cut the rating on commercial paper issued
by the Company to C from B.


BTB CORP: Needs More Time to File Amended Disclosure Statement
--------------------------------------------------------------
BTB Corporation asks the U.S. Bankruptcy Court for the District of
Puerto Rico to extend to April 7, 2016, the deadline to file the
Debtor's first amended disclosure statement.

On November 20, 2015, the Debtor filed its disclosure statement and
plan of reorganization.  The hearing to discuss the approval of
Debtor's disclosure statement was held on January 20, 2016.  During
said hearing, the Debtor was granted 30 days to file its first
amended disclosure statement.

Since the Debtor was still in negotiations with its secured
creditor, i.e. Banco Santander, the Debtor sought and obtained
extensions to file an amended disclosure statement.

However, insofar as the agreement with Banco Santander involves a
repayment agreement with a third party, the Debtor needs an
additional 14 days after the expiration of the deadline to file its
amended disclosure statement, Alexis Fuentes-Hernandez, Esq., at
Fuentes Law Offices, LLC -- alex@fuentes-law.com -- tells the
Court.  Hence, the Debtor asks the Court to extend the deadline.

                      About BTB Corporation

BTB Corporation was organized in 2003 to be engaged in bitumen
supply activities and the rendering of any other services which may
be complementary to such activities. Debtor initiated operations
from a leased terminal and storage facility located in Penuelas,
Puerto Rico.

In 2007, BTB acquired 100% of the stock of The Placco Company of
Puerto Rico, Inc., ("PLACCO"), a corporation organized under the
laws of Puerto Rico on May 10, 1988 primarily to manufacture,
produce, process and sell bitumen and other related or similar
products.  PLACCO became a wholly owned subsidiary of BTB, and is
the owner of the bitumen terminal leased by BTB from where BTB
operates its business in Guaynabo, Puerto Rico.

In 2012, the current majority shareholders acquired BTB from IOTC
Asphalt, LLC, retaining Mr. Juan Vazquez as President of the
Company.

BTB Corporation sought Chapter 11 protection (Bankr. D.P.R. Case
No. 15-03681) in Old San Juan, Puerto Rico, on May 17, 2015.
Samuel Lizardi signed the petition as interim president.  The
Debtor disclosed total assets of $16.5 million and total
liabilities of $13.2 million.

BTB said it sought bankruptcy protection as it is unable to meet
obligations as they mature, and creditors are threatening suit and
have threatened to undertake steps to obtain possession of its
assets.

The Debtor tapped Alexis Fuentes Hernandez, Esq., at Fuentes Law
Offices, LLC, as its counsel.


CAESARS ENTERTAINMENT: Lynn Swann to Resign From Board
------------------------------------------------------
Mr. Lynn C. Swann informed Caesars Entertainment Corporation that
he will resign from his position as a director of the Company
effective as of June 30, 2016, to accept the position of Athletic
Director at the University of Southern California, as disclosed in
a regulatory filing with the Securities and Exchange Commission.

Mr. Swann has served the Company as an independent director since
2008 and is a member of the Company's Audit Committee, Human
Resources Committee, Nominating and Corporate Governance Committee,
and the 162(m) Plan Committee.  Mr. Swann will continue to stand
for re-election at the Company's upcoming 2016 annual meeting of
stockholders and, if he is re-elected, will continue to serve until
June 30, 2016.

There are no disagreements between Mr. Swann and the Company that
caused or contributed to his decision, the filing stated.

                   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.


CAPITOL LAKES: Creditors' Committee Taps Murphy Desmond as Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Capitol Lakes,
Inc., seeks authority from the U.S. Bankruptcy Court for the
Western District of Wisconsin to employ Jane F. (Ginger) Zimmerman,
Esq., and the law firm Murphy Desmond S.C., as counsel for the
Committee, nunc pro tunc to February 9, 2016.

The says it requests that this Application be approved
retroactively to February 9, 2016, because MDSC was required to
immediately start working for the Committee as of that date due to
pending cash collateral motions and a hearing scheduled for the
following day.

The professional services that the Committee expects MDSC to render
include:

   (a) advising the Committee with respect to its rights, duties
and powers in the Case;

   (b) providing legal counsel to the Committee in its
       investigation of the acts, conduct, assets, liabilities,
       and financial condition of the Debtor, the operation of
       the Debtor's businesses, and any other matters relevant
       to the Case;

   (c) appearing at and being involved in proceedings before this
       Court;

   (d) consulting with the Debtor's professionals or
       representatives concerning the administration of the Case;

   (e) analyzing the Debtor's proposed use of cash collateral and
       debtor-in-possession financing;

   (f) preparing and reviewing pleadings, motions and
       correspondence;

   (g) assisting the Committee in analyzing the claims of the
       Debtor's creditors and in negotiating with such creditors;

   (h) assisting the Committee in its analysis of and
       negotiations with the Debtor or any third party concerning
       matters related to, among other things, the terms of a
       sale, plan of reorganization or other conclusion of
       the Case;

   (i) assisting and advising the Committee as to its
       communications to the general creditor body regarding
       significant matters in the Case;

   (j) assisting the iommiuee in determining a course of action
       that best serves the interests ofthe unsecured creditors;

   (k) performing such other legal services as may be required
       under the circumstances of the Case and are deemed to be
       in the interests of the Committee in accordance with the
       Committee's powers and duties as set forth in the
       Bankruptcy Code;

   (l) investigating the Debtor's assets and pre-bankruptcy
       conduct; and

   (m) analyzing the perfection and priority of liens of the
       Debtor's secured creditors.

MDSC will charge for its legal services on an hourly basis in
accordance with its standard billing practices and procedures.  The
Committee has agreed to reimburse MDSC for all actual out-of-pocket
expenses incurred by the firm.  MDSC's hourly rates for the Case
fall within these ranges:

      Professional                  Rate Per Hour
      ------------                  -------------
      Shareholders/Of Counsel        $260 to $465
      Associates                     $225 to $275
      Legal Assistants/Paralegals    $110 to $195

The hourly rates of the professionals presently expected to have
primary responsibility for this case are:

      Professional           Position      Rate/Hour
      ------------           --------      ---------
      Jane F. (Ginger)       Shareholder      $390
      Zimmerman
      William J. Rameker     Of Counsel       $465
      Brian P. Thill         Shareholder      $275
      Nicole I. Pellerin     Associate        $250
      Kelly J. Bostedt       Paralegal        $190

According to the affidavit of Jane F. (Ginger) Zimmerman, Esq.,
MDSC does not hold or represent any interest adverse to the Debtor,
the Committee, or the creditors of Debtor's estate, and that MDSC
is a "disinterested person" within the meaning of Section 101(14)
of the Bankruptcy Code.

                Committee Supplements Application

The Committee filed a supplement to the Application to add more
information regarding MDSC's billing rates.  According to the
Supplement, MDSC has two different billing rate levels for business
bankruptcy cases that vary depending on various factors, including
the complexity of the case and risk.  MDSC offered to use the lower
of the applicable rate levels in this matter.

The hourly rates of the professionals presently expected to have
primary responsibility for this Case are:

      Professional           Position         Low    Hiqh
      ------------           --------         ---    ----
      Jane F. (Ginger)       Shareholder     $390    $400
      Zimmerman
      William J. Rameker     Of Counsel      $465    $495
      Brian P. Thill         Shareholder     $275    $290
      Nicole I. Pellerin     Associate       $250    $260
      Kelly J. Bostedt       Paralegal       $190    $200

MDSC's non-bankruptcy hourly rates, exclusive of reduced rates
negotiated with municipalities and for bulk collection work, for
the attorneys expected to have primary responsibility for this Case
fall within these ranges:

      Professional           Position         Low    Hiqh
      ------------           --------         ---    ----
      Jane F. (Ginger)       Shareholder     $360    $395
      Zimmerman
      William J. Rameker     Of Counsel      $465    $530
      Brian P. Thill         Shareholder     $245    $285
      Nicole I. Pellerin     Associate       $220    $270
      Kelly J. Bostedt       Paralegal       $185    $220

The Committee says the billing rate level agreed to by the
Committee and MDSC is comparable to the non-bankruptcy billing
rates for the attorneys expected to have primary responsibility for
this Case.

The firm may be reached at:

      Jane F. (Ginger) Zimmerman, Esq.
      William J. Rameker, Esq.
      Brian P. Thill, Esq.
      Nicole I. Pellerin, Esq.
      MURPHY DESMOND S.C.
      101 E. Milwaukee St.
      Suite 301
      Janesville, WI 53545
      Tel: 608.314.3800
      Fax: 608.314.3802
      Email: jzimmerman@murphydesmond.com
             wrameker@murphydesmond.com
             bthill@murphydesmond.com
             npellerin@murphydesmond.com

                       About Capitol Lakes

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

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

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

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

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


CEETOP INC: MJF& Associates Raises Going Concern Doubt
------------------------------------------------------
Ceetop, Inc., filed with the Securities and Exchange Commission its
annual report on Form 10-K disclosing a net loss of $599,847 on $0
of sales for the year ended Dec. 31, 2015, compared to a net loss
of $1.41 million on $361,887 of sales for the year ended Dec. 31,
2014.

As of Dec. 31, 2015, Ceetop Inc. had $3.22 million in total assets,
$1.16 million in total liabilities, all current, and $2.05 million
in total stockholders' equity.

The Company's auditors MJF& Associates, APC, in Los Angeles,
California, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2015,
citing that the Company incurred recurring losses from operations,
has a net loss of $599,847 and $1,415,949 for the years ended
December 31, 2015 and 2014, respectively, and has accumulated
deficit of $10,621,441 at December 31, 2015.

These matters raises substantial doubt about the Company's ability
to continue as a going concern.

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

                        http://is.gd/Qkwvrk

                          About Ceetop Inc.

Oregon-based Ceetop Inc., formerly known as China Ceetop.com,
Inc., owned and operated the online retail platform before 2013.
Due to excessive competition in online retail, the Company has
transformed itself into an integrated supply chain services
provider, and focuses on B to B supply chain management and
related value-added services among enterprises.


CLEVELAND BIOLABS: Stockholders Elect Seven Directors
-----------------------------------------------------
Cleveland Biolabs, Inc., held its annual meeting of stockholders on
April 14, 2016, in Buffalo, New York, at which the stockholders:

   (a) elected James J. Antal, Anna Evdokimova, Yulia Lebedina,
       Richard S. McGowan, J.D., Alexey Nechaev, Ivan Persiyanov
       and Lea Verny as directors to serve on the Company's board
       of directors until the next annual meeting of stockholders
       and until their successors are elected and qualified;

   (b) ratified Meaden & Moore, Ltd. as the independent registered
       public accounting firm for fiscal year ending Dec. 31,
       2016;

   (c) approved an advisory vote on the compensation of the named
       executive officers;

   (e) approved an amendment to the Restated Certificate of
       Incorporation to allow for the removal of any director by
       the majority of the shares then entitled to vote;

   (f) approved an amendment to the Restated Certificate of
       Incorporation to allow for a stockholder owning 10% or more
       of the Company's issued and outstanding shares to call a
       special meeting of the Company's stockholders; and

   (g) approved an amendment to the Restated Certificate of
       Incorporation to render inapplicable Section 203 of the
       Delaware General Corporation Law.

                   About Cleveland BioLabs

Cleveland BioLabs, Inc. (NASDAQ: CBLI) is a biopharmaceutical
company developing novel approaches to activate the immune system
and address serious unmet medical needs.  The Buffalo, New
York-based company's proprietary platform of toll-like immune
receptor activators has applications in radiation mitigation,
oncology immunotherapy and vaccines.

Cleveland reported a net loss of $13.04 million on $2.70 million of
grants and contracts revenues for the year ended Dec. 31, 2015,
compared to net income of $35,366 on $3.70 million of grants and
contracts revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Cleveland Biolabs had $20.88 million in total
assets, $5.84 million in total liabilities and $15.03 million in
total stockholders' equity.


COLORADO TIRE: U.S. Trustee Wants Case Dismissed or Converted
-------------------------------------------------------------
Gail Brehm Geiger, acting U.S. Trustee for Region 18, asks the U.S.
Bankruptcy Court to convert the Chapter 11 case of Colorado Tire
Corporation to a case under Chapter 7 of the Bankruptcy Code or
dismiss the Chapter 11 case because of the Debtor's failure to
provide proof of adequate insurance on estate assets.

According to the U.S. Trustee, the Debtor has been notified of the
need to provide proof of insurance by March 22, 2016; however, the
Debtor has provided only a Declaration of Tara Mauer summarizing a
list of its insurance policies for general liability and vehicle
insurance, and the Debtor did not provide certificates or
declarations of insurance showing what property is insured, or in
what amounts, or the effective dates of insurance, thus, it is
inadequate.

In addition, during the Initial Debtor Interview, one of the
Debtor's representative informed the parties of the need for
insurance covering the Debtor's real property while another
representative stated that the secured creditor has obtained a
forced place insurance policy covering the property.  The U.S.
Trustee tells the Court that she has not been provided with a copy
of that policy.  The U.S. Trustee expects that the coverage is
insufficient even if there is forced place insurance covering the
property since forced place policies typically only cover the
secured creditor's interest in the property, not the full value,
they do not typically include any liability coverage, and would not
cover the artwork housed at the property.

Gail Brehm Geiger, Acting United States Trustee for Region 18 is
represented by:

     Hilary Bramwell Mohr, Esq.
     OFFICE OF THE UNITED STATES TRUSTEE
     700 Stewart Street, Suite 5103
     Seattle, WA  98101-1271
     Telephone: 206-553-2000
     Facsimile: 206-553-2566

          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.


CRYSTAL WATERFALLS: Hires Keller Williams as Real Estate Broker
---------------------------------------------------------------
Crystal Waterfalls LLC seeks authority from the U.S. Bankruptcy
Court for the Central District of California to employ Keller
Williams Realty Westside as real estate broker to the Debtors, nunc
pro tunc to November 19, 2015.

Crystal Waterfalls requires Keller Williams to:

   (a) order, analyze and prepare all documentation necessary to
       list and advertise the Hotel for sale;

   (b) list the Hotel with the most propitious listing services
       available; to show the Hotel as necessary and respond to
       purchaser's inquiries; and to solicit reasonable offers of
       purchasers;

   (c) convey all reasonable purchase offers to the Debtor and
       its bankruptcy counsel, and subject to the Debtor's
       approval, to negotiate and confirm the acceptance of the
       best offer; and,

   (d) cause to be prepared and submitted to escrow on behalf of
       the Debtor any and all documents necessary to consummate a
       sale of the Hotel.

The Debtor has agreed to pay three percent commission in connection
with the listing and sale of the Hotel, if the procuring broker is
not a member of the Broker. If the Broker's agent brings the
procuring broker, the commission shall be two percent. The
commission stated above is the maximum sum to be paid for the sale
of the Hotel.

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

Jeffrey Peldon, agent at Keller Williams Realty Westside 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.

Keller Williams can be reached at:

     Jeffrey Peldon
     KELLER WILLIAMS REALTY WESTSIDE
     1642 Westwood Blvd., 3rd Floor
     Los Angeles, CA 90024
     Tel: (310) 482-2500
     Fax: (310) 482-2501

                         About Crystal Waterfalls

Crystal Waterfalls LLC owns real property in Covina, California, on
which it currently operates a hotel known as the Park Inn by
Radisson. Situated in the heart of Southern California, the Hotel
is just east of downtown Los Angeles at the base of the San Gabriel
Mountains, and a short distance from West Covina, San Dimas,
Irwindale, City of Industry, Pomona, and Ontario, and many major
attractions (such as amusement parks, the Pomona Fairplex, and
Irwindale Speedway). The Hotel includes 258 rooms (50 of which
require certain forms of rehabilitation and currently are not in
use), and has a fitness center, an outdoor heated swimming pool and
whirlpool, and 9,000 square feet of meeting space.

Facing an imminent foreclosure sale by its senior lender, Crystal
Waterfalls LLC filed a Chapter 11 petition (Bankr. C.D. Cal. Case
No. 15-27769) in Los Angeles, California, on Nov. 19, 2015. Judge
Ernest M. Robles presides over the case. The petition was signed by
Lucy Gao, managing member.

Crystal Waterfalls currently has two members: (1) Lucy Gao, who
serves as the Debtor's managing member; and (2) Golden Bay
Investments LLC, a California limited liability company ("Golden
Bay"). Ms. Gao is the sole and managing member of Golden Bay.

The Debtor disclosed $52.5 million in assets and $71.4 million in
liabilities in its schedules. The schedules say that the Covina,
California hotel property is worth $52 million.

The Debtor received approval to employ Landsberg Law, APC, as
bankruptcy counsel.

The U.S. Trustee has filed a motion seeking to convert Crystal
Waterfalls' bankruptcy case to a Chapter 7 case, or to dismiss the
case.


D.J. SIMMONS: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
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 cases of D.J. Simmons Company Limited Partnership and
its affiliates.

                        About D.J. Simmons

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

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


DIAGNOCURE INC: Board Opts to Proceed with Voluntary Liquidation
----------------------------------------------------------------
DiagnoCure Inc. on April 15 disclosed that its board of directors
(the "Board") has decided, subject to shareholders approval, to
proceed with the voluntary liquidation and dissolution of the
Corporation (the "Liquidation") in accordance with the provisions
of the Québec's Business Corporation's Act (QBCA), and at a time
to be determined by the Board in accordance with a liquidation plan
(the "Liquidation Plan").  The Board believes this Liquidation will
provide shareholders the best alternative to maximize the value of
the remaining assets of the Corporation.

A special resolution approving the Liquidation and the dissolution
(the "Dissolution Resolution") will be submitted for shareholders'
approval, among other resolutions, during the General and Special
meeting of shareholders to be held on May 19, 2016 at 10:00 a.m.
(Eastern Daily Time).  If the special resolution is passed by the
shareholders, PricewaterhouseCoopers Inc. will be appointed as
liquidator (the "Liquidator").  

"Some of the discussions that the Corporation had undertaken under
non-disclosure agreements to sell its assets related to the PCP
multi-marker prostate cancer test or to its Previstage(TM) GCC
colorectal cancer test advanced sufficiently to believe that there
was a serious level of interest when large corporations even
initiated some due diligence on data and other documents.
Unfortunately, as none of these have developed into more formal
offers, and given the limited financial resources remaining after
the distribution to the shareholders of substantially all the
proceeds from the PCA3 asset sale transaction, the Corporation has
decided to initiate a liquidation and dissolution process.  The
Board of directors of DiagnoCure has determined that the
liquidation and dissolution is advisable and in the best interest
of the Corporation and its shareholders.  Accordingly, the Board
recommends that the shareholders vote in favor of the Dissolution
Resolution", stated Dr. Jacques Simoneau, Chairman of the Board.

Given that the Corporation does not currently meet the continued
listing requirements of the TSX, the Corporation also announced
that a delisting application will be made to the TSX, which
delisting will occur immediately upon the appointment of the
Liquidator.  Thereafter, the common shares of the Corporation will
cease to be listed on the TSX or on any other exchange.  The
Corporation will announce the date on which the common shares will
be delisted from the TSX as soon a definitive delisting date is
determined with the TSX. Dr. Yves Fradet, President and Chief
Medical Officer will act as the Corporation's interim Chief
Financial Officer until the definitive delisting from the TSX.

                         About DiagnoCure

DiagnoCure (TSX: CUR; OTCQX: DGCRF) -- http://www.diagnocure.com--
is a life sciences corporation that develops and provides molecular
and genomic tests to support effective clinical decisions enabling
personalized medicine in oncology.  Previstage(R) GCC and the
Corporation's new multi-marker prostate cancer test ("PCP") are
currently available for licensing.


DIAMOND SHINE: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
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 Diamond Shine, Inc.

Diamond Shine, Inc. sought protection under Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the Western
District of Pennsylvania (Johnstown) (Case No. 16-70154) on March
3, 2016.  

The petition was signed by Steven E. Leydig, Sr., authorized
representative. The Debtor is represented by Donald R. Calaiaro,
Esq., at Calaiaro Valencik.

The Debtor estimated both assets and liabilities in the range of $1
million to $10 million.


DOMARK INTERNATIONAL: Has 130 Million Authorized Common Shares
--------------------------------------------------------------
Domark International, Inc. filed with the Securities and Exchange
Commission an amendment to its quarterly report on Form 10-Q for
the period ended Feb. 29, 2016, to report that the Company had
130,000,000 common shares authorized as of Feb. 29, 2016, not
30,000,000 as erroneously reported.  A copy of the Form 10-Q/A is
available for free at http://is.gd/fNn1hl

                   About Domark International

Based in Lake Mary, Florida, DoMark International, Inc., was
incorporated under the laws of the State of Nevada on March 30,
2006.  The Company was formed to engage in the acquisition and
refinishing of aged furniture using exotic materials and then
reselling it through interior decorators, high-end consignment
shops and online sales.  The Company abandoned its original
business of exotic furniture sales in May of 2008 and pursued the
acquisition of entities to best bring value to the company and its
shareholders.

For the nine months ended Feb. 28, 2015, the Company reported a net
loss of $1.86 million on $0 of sales compared to a net loss of
$2.34 million on $0 of sales for the same period a year ago.

As of Nov. 30, 2015, the Company had $1.24 million in total assets,
$3.66 million in total liabilities, all current, and a $2.42
million total stockholders' deficit.


DOMARK INTERNATIONAL: Incurs $712K Net Loss in Third Quarter
------------------------------------------------------------
Domark International, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $711,630 on $0 of sales for the three months ended Feb. 29,
2016, compared to a net loss of $446,309 on $0 of sales for the
three months ended Feb. 28, 2015.

For the nine months ended Feb. 29, 2016, Domark reported a net loss
of $2.12 million on $0 of sales compared to a net loss of $1.86
million on $0 of sales for the nine months ended Feb. 28, 2015.

As of Feb. 29, 2016, Domark had $1.19 million in total assets,
$5.05 million in total liabilities and a total stockholders'
deficit of $3.85 million.

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

                     http://is.gd/LGHatY

                   About Domark International

Based in Lake Mary, Florida, DoMark International, Inc., was
incorporated under the laws of the State of Nevada on March 30,
2006.  The Company was formed to engage in the acquisition and
refinishing of aged furniture using exotic materials and then
reselling it through interior decorators, high-end consignment
shops and online sales.  The Company abandoned its original
business of exotic furniture sales in May of 2008 and pursued the
acquisition of entities to best bring value to the company and its
shareholders.


DRUMM CORP: Moody's Cuts Corporate Family Rating to Caa1
--------------------------------------------------------
Moody's Investors Service downgraded Drumm Corporation's Corporate
Family Rating to Caa1 from B2, Probability of Default Rating to
Caa2-PD from B3-PD and first lien credit facility rating to Caa1
from B2. The outlook is stable.

The rating downgrade reflects Moody's expectation for a material
decline in earnings and negative free cash flow in 2016. Moody's
believes the deterioration in performance will be driven by a
significant increase in labor costs, a further reduction in length
of stay and a continued mix shift toward Medicaid patients, which
are reimbursed at a significantly lower rate. Moody's estimates
that the company's debt to EBITDA will increase to around 7 times
by the end of 2016.

The rating downgrade also reflects Moody's expectation of a weak
liquidity profile, with negative free cash flow and no revolver.
Additionally, Drumm is in technical default of its credit agreement
as the fiscal 2015 statements were not filed with a clean audit
opinion by March 30, 2016, due to the pending breach of the senior
secured net leverage covenant. The company's revolver expires on
May 4, 2016, and Moody's believes the company will elect not to
renew the revolver. However, Moody's notes that the company does
not rely on the revolver due to a significant cash balance of $170
million at December 31, 2015.

The following ratings were downgraded:

Corporate family rating, to Caa1 from B2;

Probability of default rating, to Caa2-PD from B3-PD;

$75 million senior secured revolving credit facility, to Caa1
(LGD3) from B2 (LGD3);

Senior secured term loan, to Caa1 (LGD3) from B2 (LGD3).

The outlook is stable.

RATINGS RATIONALE

"The Caa1 corporate family rating reflects a very challenging
operating environment and the company's significant payor
concentration with Medicaid and its weak liquidity profile. Ongoing
industry challenges in the post-acute care industry include
declining length of stay and total patient days, as well as an
unfavorable payor mix shift toward Medicaid. Moody's expects that
these pressures combined with a significant increase in labor costs
and a higher interest expense relating to the credit agreement
amendment will result in materially lower margins, earnings and
cash flow over the next 12 to 18 months. We also note that the
company's entire capital structure is due by May 2018. Supporting
the rating is the company's sizable revenue base, wide geographic
diversity and competitive market position. Furthermore, the
company's real estate ownership strategy and strong cash balance
benefit the rating."

The stable outlook reflects Moody's expectation that Drumm will
receive a covenant amendment and resolve the default under the
credit agreement in the near term. Further, the company's strong
cash balance is sufficient to offset Moody's near term liquidity
concerns.

The rating could be downgraded if the company's liquidity position
deteriorates due to greater than expected negative free cash flow.
If interest coverage, defined as EBITA to interest expense,
declines below 0.5 times the rating could be downgraded.
Furthermore, if the company does not file its 2015 financial
statements with a clean audit opinion within the 30 day cure
period, the rating could be downgraded.

The rating could be upgraded if Drumm is able to materially improve
earnings. If free cash flow is materially positive and the company
is able to improve liquidity, the rating could be upgraded. Moody's
would also need to expect that debt to EBITDA will remain below 6.0
times.

Drumm is a national provider of long-term care services. Drumm's
subsidiaries include Golden Gate National Senior Care LLC (which
operates 294 skilled nursing facilities and 12 assisted living
centers), Aegis Therapies (contract rehabilitation business), and
AseraCare (53 hospice locations). For the year ended December 31,
2015, Drumm generated revenue of approximately $2.6 billion. The
company is owned by Fillmore Strategic Investors, LLC.


EMERALD OIL: Seeks to Obtain $129.9-Mil. DIP Loan from Wells Fargo
------------------------------------------------------------------
Emerald Oil, Inc., and its debtor affiliates seek authority from
the U.S. Bankruptcy Court for the District of Delaware to obtain
postpetition secured financing in an aggregate amount of
$129,928,000 from Wells Fargo Bank, N.A., and a syndicate of
financial institutions comprising the Pre-Petition Lenders.

The Debtors seek to obtain $7.5 million secured loan credit
facility on an interim basis and $129,928,000 in the aggregate on a
final basis.  If this Motion is approved, the Debtors will use the
proceeds of the DIP Loan to, among other things stabilize and fund
the Debtors' general and corporate operations during these Chapter
11 cases.

Laura Davis Jones, Esq., at Pachulski Stang Ziehl & Jones LLP, in
Wilmington, Delaware -- ljones@pszjlaw.com -- contends that the
provisions of the DIP Agreement and the Interim DIP Order were
extensively negotiated and are the most favorable terms that the
Debtors were able to obtain.  She adds that the Debtors have an
urgent need for the DIP Facility, and that approval of the DIP
Facility will ensure the Debtors are able to maintain their
operations, pursue the Chapter 11 cases, and maximize the value of
their estates for the benefit of all stakeholders.

The material terms of the proposed DIP Facility include:

   -- Borrower -- Emerald.

   -- Guarantors -- Each of the Debtors (other than Emerald).

   -- DIP Financing Lenders -- Wells Fargo Bank, N.A., and a
      syndicate of financial institutions comprised of the
      Pre-Petition Lenders, including SunTrust Bank, The Bank of
      Nova Scotia, Barclays Bank PLC, and Credit Suisse AG,
      Cayman Islands Branch.

   -- Term -- The term of the DIP Facility shall mature on the
      earliest of:

      * September 22, 2016, at 4:00 p.m. Central Time;

      * April 21, 2016, at 4:00 p.m. Central Time, unless the
        Bankruptcy Court shall have entered a final Financing
        Order;

      * the date the Debtors terminate the commitment of the
        Lenders to make the Postpetition Loans;

      * the date the DIP Agent terminates the commitment of the
        Lenders to make the Postpetition Loans upon the
        occurrence and during the continuation of a Postpetition
        Default;

      * the date of following the occurrence of an Event of
        Default under and as defined in the Financing Order and
        the giving of three Business Days' prior written notice
        to the Debtors, provided that no such notice or any
        notice of any kind is required if the Termination Date
        occurs;

      * the effective date of a confirmed plan of reorganization
        for the Debtors;

      * the date on which any agreement for the sale of
        substantially all of the Debtors' assets closes; or

      * the date on which the Bankruptcy Court approves the
        extension of any other credit facilities to the Debtors
        over the objection of the DIP Agent.

   -- Commitment -- The total DIP Facility shall include loans to
      be advanced and made available to the Borrower in the
      aggregate maximum principal amount of $7.5 million on an
      interim basis and $129,928,000 in the aggregate on a final
      basis.


   -- Conditions of Borrowing -- The obligation of the
      Post-Petition Lenders to make any Post-Petition Loan
      (including the initial Post-Petition Loan) shall be subject
      to certain conditions precedent, including that the
      Borrower shall deliver to the DIP Agent an executed
      Postpetition Notice of Borrowing pursuant to the DIP
      Agreement, and that no event has occurred and is continuing
      which constitutes a Postpetition Default or which would
      constitute a Postpetition Default but for the requirement
      that notice be given or time elapsed or both.

   -- Interest Rates -- Debtors shall pay interest on the unpaid
      principal amount of each Post-Petition Loan from the date
      made until the principal amount thereof shall have been
      paid in full at a rate per annum equal at all times to (i)
      in the case of a Eurodollar Borrowing, the LIBO Rate for
      the Interest Period in effect for such Eurodollar Borrowing
      plus 9% and (ii) in the case of an ABR Borrowing, the
      Alternate Base Rate in effect from time to time plus 8%, in
      each case, payable monthly in arrears on the last Business
      Day of each month and on the Postpetition Termination Date
      and, in the case of a Eurodollar Borrowing, upon the
      expiration of each Interest Period.

   -- Fees -- DIP Agency Fee: The DIP Agent shall receive a
              monthly administration fee of $15,000.

           -- Commitment Fee: Each Post-Petition Lender will
              receive a commitment fee of 1% per annum on the
              average daily amount of the unused amount of the
              DIP Commitment of such Post-Petition Lender.

           -- Facility Pee: Each Post-Petition Lender will
              receive a facility fee equal to 2% of the amount of
              each Post-Petition Lender's commitment (exclusive
              of any Rollup Amount).

   -- Sale Milestones:

      * 30 days after the Petition Date -- The Debtors shall
        obtain entry of an order authorizing the retention of the
        Sales Agent.

      * March 28, 2016 -- The Debtors shall deliver to the DIP
        Agent a list of Target Parties, a form NDA to the Target
        Parties, and a marketing document for distribution to the
        Target Parties.

      * April 1, 2016 -- The Debtors and shall have opened and
        populated a virtual data room with documents and other
        information for the sale process.

      * April 15, 2016 -- The Sales Agent shall have solicited
        from the Target Parties non-binding indications of
        interest for the sale transaction.

      * April 29, 2016 -- The Debtors' management shall conduct
        presentations regarding the Debtors' business and assets
        to interested parties.

      * May 13, 2016 -- The Debtors shall have solicited final
        bid letters and proposed asset purchase agreements and
        any requisite financial commitment materials from the
        most promising bidders.

      * May 20, 2016 -- The Debtors shall have filed a motion to
        approve sale and bid procedures.

      * June 10, 2016 -- The Debtors shall have obtained entry of
        an order by the Court approving the bid procedures
        motion.

      * July 11, 2016 -- The Sales Agent shall conduct an auction
        of substantially all of the Debtors' assets.

      * July 15, 2016 -- The Debtors shall have obtained entry of
        an order by the Court approving the sale transaction.

      * July 22, 2016 -- The Debtors shall have closed and
        consummated the sale transaction and distributed proceeds
        as set forth in the DIP Order.

   -- Carve Out -- The sum of:

        (i) all fees required to be paid to the United States
            Trustee plus interest at the statutory rate;

       (ii) all reasonable fees and expenses up to $50,000
            incurred by a trustee under Section 726(b) of
            Bankruptcy Code;

      (iii) to the extent allowed at any time but subject to
            final allowance by the Bankruptcy Court, all unpaid
            fees and expenses (the "Allowed Professional Fees")
            incurred by persons or firms retained by the Debtors
            and any creditors' committee; and

       (iv) Allowed Professional Fees of Professional Persons in
            an aggregate amount not to exceed $250,000 incurred
            after delivery by the DIP Agent of the Carve Out
            Trigger Notice.

                   Court Enters Interim Order

The Court entered an interim agreed order authorizing limited use
of cash collateral, obtaining postpetition credit secured by senior
liens, granting adequate protection to existing lienholders and
scheduling a final hearing.

Final hearing will be held on April 19, 2016, at 12:00 p.m.

                        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.


ENERGY GULF COAST XXI: Moody's Cuts Prob. of Default Rating to D-PD
-------------------------------------------------------------------
Moody's Investors Service downgraded Energy XXI Gulf Coast, Inc.'s
(EXXI) Probability of Default Rating (PDR) to D-PD from Caa3-PD,
Corporate Family Rating (CFR) to Ca from Caa3 and the second lien
senior secured notes to Caa3 from Caa1. EXXI's senior unsecured
notes and its wholly-owned subsidiary, EPL Oil & Gas, Inc.'s (EPL)
senior unsecured notes were affirmed at Ca.

These actions follow EXXI's ultimate parent, Energy XXI Ltd's
announcement that it along with EXXI, EPL and certain other
subsidiaries filed voluntary petitions in the United States
Bankruptcy Court for the Southern District of Texas, Houston
Division, seeking relief under the provisions of Chapter 11 of the
United States Bankruptcy Code to pursue a prearranged Chapter 11
plan of reorganization.

Issuer: Energy XXI Gulf Coast, Inc.

Downgrades:

-- Probability of Default Rating, Downgraded to D-PD from Caa3-PD

-- Corporate Family Rating, Downgraded to Ca from Caa3

-- Senior Secured Regular Bond/Debentures, Downgraded to Caa3
    (LGD 4) from Caa1 (LGD 2)

Affirmations:

-- Speculative Grade Liquidity Rating, Affirmed SGL-4

-- Senior Unsecured Regular Bond/Debentures, Affirmed Ca (LGD 5)

Outlook Actions:

Issuer: Energy XXI Gulf Coast, Inc.

-- Outlook, Remains Negative

Issuer: EPL Oil & Gas, Inc.

Affirmations:

-- Senior Unsecured Regular Bond/Debentures, Affirmed Ca (LGD 5)

Outlook Actions:

Issuer: EPL Oil & Gas, Inc.

-- Outlook, Remains Negative

RATINGS RATIONALE

The downgrade of EXXI's PDR to D-PD is a result of the bankruptcy
filing. The downgrade of EXXI's CFR to Ca and EXXI's $1.45 billion
second lien senior secured senior notes due 2020 to Caa3 as well as
the affirmation of EXXI's senior notes and EPL's senior notes at Ca
reflect Moody's view of the potential overall family recovery to be
30%-40%.

Shortly following this rating action, Moody's will withdraw all
ratings for the company consistent with Moody's practice for
companies operating under the purview of the bankruptcy courts
wherein information flow typically becomes much more limited.

EXXI is an indirect wholly-owned subsidiary of publicly listed
Energy XXI Ltd and is engaged in the exploration and production of
oil, natural gas liquids and natural gas in the shallow and
deepwater of the US Gulf of Mexico. EPL is a wholly-owned
subsidiary of EXXI.


EPICOR SOFTWARE: Bank Debt Trades at 5% Off
-------------------------------------------
Participations in a syndicated loan under which Epicor Software
Corp is a borrower traded in the secondary market at 95.18
cents-on-the-dollar during the week ended Friday, April 8, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.02 percentage points from the
previous week.  Epicor Software pays 375 basis points above LIBOR
to borrow under the $1.4 billion facility. The bank loan matures on
May 25, 2022 and carries Moody's B2 rating and Standard & Poor's B
rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended April 8.


ESP RESOURCES: Files for Chapter 11 Bankruptcy Protection
---------------------------------------------------------
ESP Resources, Inc. filed a voluntary petition on March 10, 2016,
in the United States Bankruptcy Court for the Southern District of
Texas Case No. 16-60021-H2-11 seeking relief under the provisions
of Chapter 11 of the United States Bankruptcy Code.  The Company's
bankruptcy case is being jointly administered with that of ESP
Petrochemicals, Inc. under Case No. 16-60020-H2-11.

Since its filing, the existing board of directors and officers of
the Company have continued to operate its business in the ordinary
course as a "debtor-in-possession," subject to the supervision of
the Bankruptcy Court and in accordance with the applicable
provisions of the Bankruptcy Code and the orders of the Bankruptcy
Court.

Hoover Slovacek LLP serves as the Debtors' counsel.

Judge David R Jones is assigned to the jointly administered cases.


ESP RESOURCES: U.S. Trustee Forms 3-Member Committee
----------------------------------------------------
The Office of the U.S. Trustee on April 13 appointed three
creditors of ESP Resources, Inc., and ESP Petrochemicals, Inc., to
serve on the official committee of unsecured creditors.

The committee members are:

     (1) Baker Hughes Incorporated
         Attn: Christopher J. Ryan
         P.O. Box 4740
         Houston, TX 77210-4740
         Tel. 713-439-8771
         Fax 281-852-6256
         Email: chris.ryan@bakerhughes.com

         Counsel: Law Office of Patrick D. Devine, P.C.
         Attn: Patrick D. Devine, Esq.
         620 W. Main St., Suite C
         Tomball, TX 77375
         Tel. 281-255-0244
         Fax 866-488-1082
         Email: pdevine@pdevinelaw.com

     (2) Access Chemicals and Services, L.L.C.
         Attn: Jordan Stokes
         7322 Southwest Frwy., Suite 2000
         Houston, TX 77058
         Tel. 713-270-7215
         Fax 713-988-5833
         Email: jstokes@access-chemicals.com

     (3) CST Performance Products Corporation
         Attn: Rob Webber
         14292 Koalstad Road
         Conroe, TX 77302
         Tel. 936-231-3004
         Fax 936-231-3002
         Email: rob.webber@lamberti.com

         Counsel: Pino & Associates, L.L.P.
         William T.J. Salerno, Esq.
         Westchester Financial Center
         50 Main St., 16th Floor
         White Plains, NY 10606
         Tel. 914-946-0600
         Fax 914-946-0650
         Email: wsalerno@pinolaw.com

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                       About ESP Resources

Lafayette, Louisiana-based ESP Resources, Inc. is a manufacturer,
distributor and marketer of specialty chemicals and supply
specialty chemicals for a range of oil and gas field applications,
including killing bacteria, separating suspended water and other
contaminants from crude oil and separating oil from gas.  The
company also offers analytical services and custom-blended
chemicals for oil and gas wells.

ESP Resources, Inc. and its affiliate ESP Petrochemicals, Inc.
sought protection under Chapter 11 of the Bankruptcy Code in the
U.S. Bankruptcy Court for the Southern District of Texas (Victoria)
(Case Nos. 16-60021 and 16-60020) on March 10, 2016.  The cases are
jointly administered under Case No. 16-60020.

The petition was signed by David A. Dugas, chief executive officer.
The case is assigned to Judge David R. Jones.

The Debtors are represented by Melissa Anne Haselden, Esq., and
Edward L Rothberg, Esq., at Hoover Slovacek LLP.

ESP Resources, Inc. estimated assets of $4.08 million and debts of
$9.55 million.  ESP Petrochemicals, Inc. estimated both assets and
liabilities in the range of $1 million to $10 million.


FLEXROD LLC: Involuntary Chapter 11 Case Summary
------------------------------------------------
Alleged Debtor: Flexrod, LLC
                24 Smith Road, Suite 503
                Midland, TX 79705

Case Number: 16-70039

Involuntary Chapter 11 Petition Date: March 23, 2016

Court: United States Bankruptcy Court
       Western District of Texas (Midland)

Judge: Hon. Ronald B. King

Petitioners' Counsel: Bernard R. Given, II, Esq.
                      LOEB & LOEB LLP
                      10100 Santa Monica Blvd Suite 2200
                      Los Angeles, CA 90067
                      Tel: 310-282-2000
                      Fax: 310-282-2200
                      E-mail: bgiven@loeb.com

   Petitioners                  Nature of Claim  Claim Amount
   -----------                  ---------------  ------------
Don-Nan Pump & Supply Co., Inc.   Trade Debt            $848
3427 E. Garden City HWY
Midland, TX 79706

RJ Machine Company                Trade Debt        $244,463
130 Northridge Rd.
Marble Falls, TX 78654

Rod Lift Consulting LLC           Trade Debt        $174,683
13100 W. County Road 91
Midland, TX 79707


FORESIGHT ENERGY: Gets Further Extension of Forbearance Agreements
------------------------------------------------------------------
Foresight Energy LLC and Foresight Energy Finance Corporation,
together with Foresight Energy LP and certain other subsidiaries of
Foresight Energy LP again extended the term of the existing
forbearance agreement that was entered into on Dec. 18, 2015, with
certain holders of the Issuers' 7.875% Senior Notes due 2021.  As a
result of the extension, the forbearance period runs through April
22, 2016, unless further extended by the Consenting Noteholders in
their sole discretion or unless earlier terminated in accordance
with its terms.  

Foresight Receivables LLC, together with the Partnership, extended
the term of the forbearance agreement that was entered into on Jan.
27, 2016, with certain lenders under Foresight Receivables'
receivables financing agreement.  As a result of the extension, the
forbearance period runs through July 15, 2016, unless further
extended by the Consenting Lenders in their sole discretion or
unless earlier terminated in accordance with its terms.  

The extensions are intended to provide additional opportunity to
engage in discussions and negotiations with the holders of the
Notes and the Company's secured lenders.

A copy of the regulatory filing with the Securities and Exchange
Commission is available at http://is.gd/DLcfc7

                       About Foresight Energy

Foresight Energy mines and markets coal from reserves and
operations located exclusively in the Illinois Basin.  
As of Dec. 31, 2015, the Company has invested over $2.3 billion to
construct state-of-the-art, low-cost and highly productive mining
operations and related transportation infrastructure.  The Company
controls over 3 billion tons of proven and probable coal in the
state of Illinois, which, in addition to making the Company one of
the largest reserve holders in the United States, provides organic
growth opportunities.  The Company's reserves consist principally
of three large contiguous blocks of uniform, thick, high heat
content (high Btu) thermal coal which is ideal for highly
productive longwall operations.  Thermal coal is used by power
plants and industrial steam boilers to produce electricity or
process steam.

Foresight Energy reported a net loss attributable to limited
partner units of $39.47 million on $984.85 million of total
revenues for the year ended Dec. 31, 2015, compared to net income
attributable to limited partner units of $70.19 million on $1.10
billion of total revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Foresight had $1.83 billion in total assets,
$1.81 billion in total liabilities and $18.88 million in total
partners' capital.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2015, noting that the Partnership is in
default of certain provisions of its long-term debt and capital
lease obligations, resulting in a working capital deficit as of
Dec. 31, 2015.  These conditions raise substantial doubt about the
Partnership's ability to continue as a going concern.

                          *     *     *

The Troubled Company Reporter on March 22, 2016, reported that
Standard & Poor's Ratings Services said it lowered its corporate
rating on St. Louis-based Foresight Energy L.P. to 'D' from
'CCC-'.

As reported by the TCR on March 29, 2016, Moody's Investors
Service downgraded all ratings of Foresight Energy, LLC including
the corporate family rating to Caa3 from Caa1.


FORTESCUE METALS: Bank Debt Trades at 15% Off
---------------------------------------------
Participations in a syndicated loan under which Fortescue Metals
Group Ltd is a borrower traded in the secondary market at 84.88
cents-on-the-dollar during the week ended Friday, April 8, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.96 percentage points from the
previous week.  Fortescue Metals pays 275 basis points above LIBOR
to borrow under the $4.95 billion facility. The bank loan matures
on June 13, 2019 and carries Moody's Ba2 rating and Standard &
Poor's BB+ rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended April 8.



FPL ENERGY: Moody's Affirms Ba3 Rating on 2019 Notes
----------------------------------------------------
Moody's Investors Service has affirmed the Baa3 rating on FPL
Energy National Wind, LLC's (National Wind, OpCo) senior secured
bonds due March 2024 and also affirmed the Ba3 rating on National
Wind's immediate parent company, FPL Energy National Wind
Portfolio, LLC's (National Wind Portfolio, HoldCo) senior secured
bonds due March 2019. Concurrent with this rating action Moody's
revised the outlook to negative from stable at each National Wind
and National Wind Portfolio. National Wind and National Wind
Portfolio have approximately $55.9 million and $3.0 million in
senior secured bonds outstanding, respectively.

According to Moody's analyst Charles Berckmann "the outlook
revision to negative reflects volatile financial performance owing
largely to sustained, weak wind generation and higher operating
expenses which together weakened recent financial performance.
Liquidity, while generally strong, is becoming pressured as OpCo
partially drew on its debt service reserve fund in early 2016.
Berckmann added however "the rating affirmations at OpCo and HoldCo
acknowledges the operating expertise of the sponsor as well as
their demonstrated efforts to address past issues in a credit
positive manner. The affirmations further incorporate our
expectation that financial metrics will improve within the year and
that liquidity will return to fully funded levels in the next
several months from internal cash generation".

RATINGS RATIONALE

The negative outlook reflects very weak financial performance for
the twelve-months ended February 2016 with debt service coverage
(DSCR) well below 1.0x at OpCo and anticipation that National
Wind's DSCR will remain around 1.0x through 2016, well below the
1.2x-1.4x DSCR we anticipated for the current calendar year and
very weak for an investment grade rated project financing. We
acknowledge that the underperformance in the past year owes in part
to a weak wind resource, outside of the project's control, but also
to higher than anticipated operating expenses at several project
sites resulting in a double-whammy to operating cash-flow: an
increase in repair costs and simultaneous reduction in wind
generated electricity while repairs were under way. National Wind
only receives revenues for megawatt-hours (MWhs) generated and sent
to the grid.

“Operating expenses for the twelve-months ending February 2016
were roughly 23% higher on an absolute dollar-basis compared to the
prior year period. On a variable, dollar per megawatt-hour basis
($/MWh), expenses were nearly 30% higher. A portion of these
expenditures, specifically related to the foundation repairs will
be covered by the sponsor, in which costs would have still been
roughly 10% higher on an absolute basis, and 16% on a variable
basis. Generation was down nearly 10% year-over-year to 941GWh for
calendar year 2015 from approximately 1,044 GWh in calendar year
2014. If wind generation remains below the 1,000 GWh threshold we
believe revenue generation will be insufficient to result in
financial metrics consistent with a Baa-rating absent a meaningful
reduction in operating costs.”

“The outlook change to negative at HoldCo reflects its direct
reliance on upstream distributions from OpCo in order for HoldCo to
service its debt payments. Positively, HoldCo's debt service is
pre-funded through September 2017 and HoldCo further benefits from
a 12-month debt service reserve guarantee by NextEra Energy Capital
Holdings (NEECH, Baa1 stable), which effectively covers HoldCo debt
service through September 2018, six months prior to the $500,000
final maturity payment due March 2019. Given the recent
performance, the projected distribution test is likely to be
challenged in early 2017 based on current forecasts. National Wind
has a 1.25x historical and prospective distribution test and a 1.1x
six-month test. The failure of either test traps cash at OpCo, a
negative for HoldCo lenders. However, National Wind benefits from
the residual economic value of four power purchase agreements
(PPAs), which extend four years beyond OpCo's 2024 bond maturity.
We calculate that the present value of free cash flow derived from
the off-take contracts expiring after OpCo's debt maturity in March
2024 is roughly $20 million, which offers meaningful economic
benefit to the Sponsor and to bondholders in the unlikely event
that HoldCo debt would end up being repaid through a
refinancing.”

The Baa3 rating at National Wind and Ba3 rating at National Wind
Portfolio reflects long-term, competitive PPAs with investment
grade off-takers resulting in financial metrics that have averaged
1.2x at OpCo the past several years on a calendar-year basis and
around 1.0x on a consolidated basis. Though weak for the rating
level, good levels of liquidity including a debt service reserve
fund currently funded at around eight-months' debt service, an
operations and maintenance reserve fund of $15 million (guaranteed
by NEECH) and a cash-funded major maintenance reserve fund of $2.5
million along with an engaged and committed sponsor has so far
warranted ratings one notch higher than financial metrics would
indicate.

The negative outlook reflects the weaker and more volatile
financial performance at OpCo and HoldCo and the greater than
anticipated use of liquidity.

"Upward rating pressure is unlikely given the negative outlook. We
could stabilize OpCo's rating after demonstrable improvement in
DSCRs consistently above 1.25x. The rating could be upgraded
following sustained DSCRs around the 1.6x level," said Moody's.

OpCo's rating could face downward pressure if financial metrics
remain below 1.2x through 2016 and into early 2017 such that
National Wind fails to pass its distribution test in February 2017.
A downward revision to OpCo's rating is likely if the debt service
reserve is not replenished during 2016. With respect to HoldCo, in
light of the reliance on OpCo's dividend for debt service, a
downgrade of OpCo's rating would increase the prospects for a
downgrade at HoldCo.

FPL Energy National Wind, LLC owns a 390 megawatt (MW) portfolio of
eight wind power generating projects, located in Pennsylvania, West
Virginia, North Dakota, South Dakota, Oklahoma, and Oregon. All of
the power generated by the projects is sold pursuant to long-term
fixed-price PPAs with, or guaranteed by, utilities, municipalities
and cooperatives. Each project is owned by a separate entity
(Project Owner). Each of the Project Owners guarantees the
repayment of the bonds on a joint and several basis.

FPLE National Wind is wholly-owned by FPL Energy National Wind
Portfolio, LLC, an intermediate holding company. Both National Wind
and National Wind Portfolio are indirect wholly-owned subsidiaries
of NextEra Energy Resources, LLC (NEER), the largest owner of wind
projects in the U.S. NEER is wholly-owned by NextEra Energy Capital
Holdings, Inc. (NEECH: Baa1, stable), and NEECH is wholly-owned by
NextEra Energy, Inc. (NEE: Baa1, Issuer Rating).



FREE GOSPEL: Burns Law Firm Approved as Substitute Counsel
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Maryland approved the
amended application of The Free Gospel Church The Apostles Doctrine
to employ John D. Burns, Esq. and the Burns Law Firm, LLC, as
substitute counsel.

As reported Troubled Company Reporter on March 25, 2016, the Debtor
requested for approval to employ John D. Burns and The Burns Law
Firm, LLC, as co-counsel.

Burns Law Firm will, among other things:

   a) provide legal advice concerning the Debtor's powers and
duties as Debtor-in-possession;

   b) prepare applications, answers, orders, reports and other
legal papers; and

   c) file and prosecute adversary proceedings against necessary
and duties as Debtor-in-possession.

The firm said that it will not provide services which unduly
overlap and duplicate the work which Mr. Morris and his law firm
are providing, including general counseling and particularized
representation to the Debtor in the nature of their church ministry
services required and duties otherwise necessary to the
representation of the Debtor outside the context of the Chapter 11
strictures for which Burns and his Firm are being retained to
perform.  Burns and his firm will represent the Debtor in
connection with Debtor's rights in the companion affiliate case of
FG Development for Chapter 11 work only; however, Burns and his
Firm are not retained nor will they represent FG Development in
which case Mr. Morris only is retained as counsel.

The Burns Law Firm, LLC, has agreed to an initial retainer of
$7,500.  For bankruptcy services in the case, and a monthly
installment retainer of $1,500 per month is anticipated.  The
Debtor also paid an initial consultation and multi-hour assessment
and case recommendations fee of $1,000.

The firm can be reached at:

         John D. Burns, Esq.
         THE BURNS LAWFIRM, LLC
         6303 Ivy Lane; Suite 102
         Greenbelt, Maryland 20770
         Tel: (301) 441-8780
         E-mail: info@burnsbankruptcyfirm.com

John D. Burns, Esq., assures 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 Debtor.

          About The Free Gospel of the Apostles' Doctrine

The Free Gospel of the Apostles' Doctrine, a non-profit, was
founded Feb. 9, 1996 as a Pentecostal denominational church.

Free Gospel is closely connected with F.G. Development Corporation.
F.G. Development guaranteed a loan to SMS Financial XXVI, LLC
("SMS") that was made to and for the benefit of Free Gospel.  After
Free Gospel defaulted on the loan, SMS looked to F.G. Development
for payment.

To stop SMS's collection efforts, The Free Gospel of the Apostles'
Doctrine filed a Chapter 11 bankruptcy petition (Bankr. D. Md. Case
No. 15-18209) on June 9, 2015.  The petition was signed by
Antoinette Green-Snow as executive administrator.  The Debtor
estimated assets of $10 million to $50 million and debts of $1
million to $10 million.  Frank Morris, II, Esq., at Law Office of
Frank Morris II, serves as the Debtor's counsel.

On June 9, 2015, F.G. Development also filed bankruptcy (Case No.
15-18210), estimating $1 million to $10 million in assets.  F.G. is
also represented by the Law Office of Frank Morris II.

Free Gospel and F.G. did not seek joint administration of their
Chapter 11 cases.


FREE GOSPEL: Responds to Trustee's Bid to Dismiss Case
------------------------------------------------------
The Free Gospel Church of the Apostles Doctrine filed its answer to
a motion to dismiss or convert its Chapter 11 case filed by the
Office of the United States Trustee.

The Debtor admits that it is a church, and that there are similar
operations relative to FG Development as pertain to real estate.
The Debtor also admits that the disclosure statement it filed is
the best evidence of its content, irrespective of any inaccuracies
contained therein.  A motion for joint administration has not been
filed, but one is forthcoming, the Debtor said.

The Debtor further asserts that the Motion contains conclusions of
law to which no response is required.  The Debtor admits conversion
cannot occur; but presently denies that dismissal is appropriate.

With respect to the U.S. Trustee, a few missed monthly operating
reports is not in and of itself cause for dismissal on the facts of
this case, John D. Burns, Esq., at The Burns Law Firm, LLC, in
Greenbelt, Maryland -- info@burnsbankruptcyfirm.com -- tells the
Court.  He contends that the Debtor's new counsel has re-obtained
these reports from the accountant on March 11, 2016, which took
somewhat longer than was anticipated at the last status hearing.

The Debtor also admits that MORs were not filed when they should
have been filed.  However, the Debtor denies that this is and of
itself should cause dismissal of this case on the facts of this
Chapter 11 with transition in counsel.

Mr. Burns assures the Court that if his application is granted, he
will work promptly with the U.S. Trustee to ensure that this matter
is wrapped up without wasteful time and expense put out on the
matter.

                     SMS Financial Responds

SMS Financial XXVI, LLC, filed a response in support of the Motion
to Dismiss.  SMS states that the case should be dismissed for the
reasons stated in the Motion to Dismiss and for other cause,
including (i) continuing loss to or diminution of the estate of the
Debtor, (ii) the Debtor's failure to pay real property taxes with
respect to property of the estate, and (iii) the Debtor's failure
to timely file or confirm a plan of reorganization.

SMS is represented by:

          Bradley J. Swallow, Esq.
          FUNK & BOLTON, P.A.
          36 South Charles Street, Twelfth Floor
          Baltimore, MA 21201
          Telephone: (410) 659-8320
          Facsimile: (410) 659-7773
          E-mail: bswallow@fblaw.com

         About The Free Gospel of the Apostles' Doctrine

The Free Gospel of the Apostles' Doctrine, a non-profit, was
founded Feb. 9, 1996 as a Pentecostal denominational church.

Free Gospel is closely connected with F.G. Development Corporation.
F.G. Development guaranteed a loan to SMS Financial XXVI, LLC
("SMS") that was made to and for the benefit of Free Gospel.  After
Free Gospel defaulted on the loan, SMS looked to F.G. Development
for payment.

To stop SMS's collection efforts, The Free Gospel of the Apostles'
Doctrine filed a Chapter 11 bankruptcy petition (Bankr. D. Md. Case
No. 15-18209) on June 9, 2015.  The petition was signed by
Antoinette Green-Snow as executive administrator.  The Debtor
estimated assets of $10 million to $50 million and debts of $1
million to $10 million.  Frank Morris, II, Esq., at Law Office of
Frank Morris II, serves as the Debtor's counsel.

On June 9, 2015, F.G. Development also filed bankruptcy (Case No.
15-18210), estimating $1 million to $10 million in assets.  F.G. is
also represented by the Law Office of Frank Morris II.

Free Gospel and F.G. did not seek joint administration of their
Chapter 11 cases.


FRONTIER STAR: Trustee Seeks Extension of Date to Assume 2 Leases
-----------------------------------------------------------------
P. Gregg Curry, the Chapter 11 Trustee for Frontier Star LLC and
Frontier Star CJ LLC, asks the U.S. Bankruptcy Court to extend the
deadline for him to assume or reject the lease for the property
located at 1753 W. Bethany Home Rd., in Phoenix, Arizona, to and
including April 27, 2016, and the lease for the property located at
7610 W. Thomas Rd., in Phoenix, Arizona, to and including April 13,
2016.

Pursuant to the Sale Order, the Trustee has sold substantially all
of the Debtors' assets to Starcorp LLC, who has the option to
determine whether the Trustee should assume or reject certain of
the Debtors' Restaurant Leases -- the Debtors operated Hardee's
franchised restaurants and Carl's Jr. franchised restaurants -- but
the Buyer is not yet in position to make its determination as to
whether the Subject Leases should be assumed or rejected, and the
deadline for the Trustee to assume or reject the Subject Leases
expired on April 6, 2016.

P. Gregg Curry, the Chapter 11 Trustee is represented by:

    Robert J. Miller, Esq.
    Bryce A. Suzuki, Esq.
    Justin A. Sabin, Esq.
    BRYAN CAVE LLP
    Two N. Central Avenue, Suite 2200
    Phoenix, Arizona 85004-4406
    Telephone: (602) 364-7000
    Facsimile: (602) 364-7070
    Email: rjmiller@bryancave.com
           bryce.suzuki@bryancave.com
           justin.sabin@bryancave.com

        About Frontier Star

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

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

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

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

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


FUHU INC: Taps Martini Iosue as Accountants
-------------------------------------------
Arctic Sentinel, Inc. fka Fuhu, Inc., et al., seek authorization
from the U.S. Bankruptcy Court for the District of Delaware to
employ Martini Iosue & Akpovi, LLP as accountants, nunc pro tunc to
February 1, 2016.

Martini Iosue will perform services for the Debtors in connection
with the preparation of their consolidated Federal corporate income
tax return, combined California corporate income tax return, and
combined Colorado tax return for the fiscal year ended March 31,
2015, pursuant to the terms of an Engagement Letter.

Martini Iosue will also provide various consulting services as
requested by the Debtors.

Martini Iosue will be paid at these hourly rates:

       Partners and
       Senior Managers             $275-$400
       Managers                    $200-$235
       Staff Accountants           $120-$200
       Bookkeepers                 $75-$105
       Secretarial and
       Clerical                    $45-$50

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

Martini Iosue received apost-petition retainer of $3,000 from the
Debtors. The retainer will not be segregated by Martini Iosue in a
separate account and will be held until its application to Martini
Iosue's fees and costs is approved by the Court.

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

The Bankruptcy Court will hold a hearing on the motion on April 25,
2016, at 2:00 p.m.  Objections were due April 13, 2016.

Martini Iosue can be reached at:

       Marietes Macaraya
       Martini Iosue & Akpovi, LLP
       16830 Ventura Blvd., Suite 415
       Encino, CA 91436-1707
       Tel: (818) 789-1179
       Fax: (818) 789-1162
       E-mail: mia@miacpas.com

                        About Fuhu, Inc.

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

Bryan Cave LLP and Pachulski Stang Ziehl & Jones LLP represent the
Debtors as counsel.  FTI Consulting, Inc., is the Debtors'
financial advisors.  8020 Consulting, LLC, serves as interim
finance and accounting consultant.  Kurtzman Carson Consultants
LLC serves as administrative advisor for the Debtors.

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

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

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

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  Cooley LLP represents
the committee.  Ballard Spahr LLP serves as Delaware Counsel for
the Committee.  PricewaterhouseCoopers LLP serves as financial
advisor to the Committee.

                          *     *     *

The Debtors won approval of bidding procedures in connection with
the sale substantially all of their operating assets.  The Court
approved a Jan. 15, 2016 bid deadline, a Jan. 19 auction, and a
Jan. 20 sale hearing.  Absent higher and better offers, the Debtors
are under contract sell the assets to stalking horse GWS Fuhu, LLC,
for $10,000,000, subject to adjustments, plus the assumption of the
assumed liabilities, and for a minimum of $1,000,000 to be
available for satisfaction of the claims of unsecured creditors.

Mattel Inc., the world's largest toymaker, however, won the auction
for the Debtors' assets, offering to pay $21.5 million.  Mattel
beat out a private-equity firm founded by golfer Greg Norman,
according to a Bloomberg News report.

Norman's GWS Fuhu LLC is entitled to a $250,000 breakup fee.


FULLCIRCLE REGISTRY: Recurring Losses Raise Going Concern Doubt
---------------------------------------------------------------
FullCircle Registry, Inc. filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$695,678 on $1.14 million of revenues for the year ended Dec. 31,
2015, compared to a net loss of $653,428 on $1.49 million of
revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, FullCircle had $5.31 million in total assets,
$6.37 million in total liabilities and a total stockholders'
deficit of $1.05 million.

Somerset CPAs, P.C., in Indianapolis, Indiana, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has suffered
recurring losses from operations and has a net capital deficiency
that raises substantial doubt about its ability to continue as a
going concern.

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

                      http://is.gd/ePoeKW

                   About FullCircle Registry

Shelbyville, Kentucky-based FullCircle Registry, Inc., targets the
acquisition of small profitable businesses.  FullCircle Registry,
Inc., has become a holding company with three subsidiaries.  They
are FullCircle Entertainment, Inc., FullCircle Insurance Agency,
Inc. and FullCircle Prescription Services, Inc.  Target companies
for future acquisition are those in search of exit plans for the
owners and are intended to continue autonomous operations as
current ownership is phased out over a period of 3-5 years.


GASTAR EXPLORATION: Closes Sale of Appalachian Basin Assets
-----------------------------------------------------------
Gastar Exploration Inc. has completed the previously announced sale
of substantially all of its producing assets and proved reserves
and a significant portion of its undeveloped acreage in the
Appalachian Basin for $80 million, subject to certain adjustments,
to an affiliate of Tug Hill Inc.  The effective date of the
transaction is Jan. 1, 2016.

In connection with the sale, the borrowing base of Gastar's
revolving credit facility was automatically reduced to $100 million
as required by Amendment No. 8 to the credit agreement.  The
proceeds from the sale will be used to reduce outstanding
borrowings under Gastar's revolving credit facility to achieve
compliance with the reduction of the borrowing base.        

J. Russell Porter, Gastar's President and CEO, commented, "The
closing of this transaction allows us to reduce our debt and
exclusively focus our operations on the Mid-Continent STACK Play,
one of the most economic plays in the U.S."

                   About Gastar Exploration

Gastar Exploration Inc. is an independent energy company engaged in
the exploration, development and production of oil, condensate,
natural gas and natural gas liquids in the United States.  Gastar's
principal business activities include the identification,
acquisition, and subsequent exploration and development of oil and
natural gas properties with an emphasis on unconventional reserves,
such as shale resource plays.  In Oklahoma, Gastar is developing
the primarily oil-bearing reservoirs of the Hunton Limestone
horizontal play and is testing other prospective formations on the
same acreage, including the Meramec Shale and the Woodford Shale,
which is referred to as the STACK Play and emerging prospective
plays in the shallow Oswego formation and in the Osage formation, a
deeper bench of the Mississippi Lime located below the Meramec
Shale.  In West Virginia, Gastar has developed liquids-rich natural
gas in the Marcellus Shale and has drilled and completed two
successful dry gas Utica Shale/Point Pleasant wells on its acreage.
Gastar has entered into a definitive PSA to sell substantially all
of its assets and proved reserves and a significant portion of its
undeveloped acreage in the Appalachian Basin.  For more
information, visit Gastar's website at www.gastar.com.

Gastar Exploration reported a net loss attributable to common
stockholders of $473.98 million for the year ended Dec. 31, 2015,
compared to net income attributable to common stockholders of
$36.52 million for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Gastar had $430.86 million in total assets,
$551.05 million in total liabilities and a total stockholders'
deficit of 120.18 million.

                      *    *      *

As reported by the TCR on March 15, 2016, Standard & Poor's Ratings
Services lowered its corporate credit rating on U.S.-based oil and
gas exploration and production (E&P) company Gastar Exploration
Inc. to 'CCC-' from 'CCC+'.  The downgrade follows Gastar's
announcement that it had just $29 million of cash on hand and a
fully drawn revolver.  The company's borrowing base current stands
at $180 million, but will be reduced to $100 million at the earlier
of the close of the Appalachian asset sale or April 10, 2016.
Proceeds from the Appalachian asset sale are expected to be $80
million.


GASTAR EXPLORATION: Offering $500 Million Worth of Securities
-------------------------------------------------------------
Gastar Exploration Inc. filed with the Securities and Exchange
Commission a Form S-3 registration statement relating to the offer
and sale of common stock, preferred stock, debt securities and
rights in one or more classes or series and in amounts, at prices
and on terms that the Company will determine at the time of the
offering.  The aggregate initial offering price of the securities
that we will offer will not exceed $500,000,000.

The Company's common stock, 8.625% Series A Cumulative Preferred
Stock and 10.75% Series B Cumulative Preferred Stock are listed on
the NYSE MKT LLC under the symbols "GST," "GST.PR.A" and
"GST.PR.B," respectively.

A copy of the prospectus is available for free at:

                      http://is.gd/nose3k

                    About Gastar Exploration

Gastar Exploration Inc. is an independent energy company engaged in
the exploration, development and production of oil, condensate,
natural gas and natural gas liquids in the United States.  Gastar's
principal business activities include the identification,
acquisition, and subsequent exploration and development of oil and
natural gas properties with an emphasis on unconventional reserves,
such as shale resource plays.  In Oklahoma, Gastar is developing
the primarily oil-bearing reservoirs of the Hunton Limestone
horizontal play and is testing other prospective formations on the
same acreage, including the Meramec Shale and the Woodford Shale,
which is referred to as the STACK Play and emerging prospective
plays in the shallow Oswego formation and in the Osage formation, a
deeper bench of the Mississippi Lime located below the Meramec
Shale.  In West Virginia, Gastar has developed liquids-rich natural
gas in the Marcellus Shale and has drilled and completed two
successful dry gas Utica Shale/Point Pleasant wells on its acreage.
Gastar has entered into a definitive PSA to sell substantially all
of its assets and proved reserves and a significant portion of its
undeveloped acreage in the Appalachian Basin.  For more
information, visit Gastar's Web site at http://www.gastar.com/

Gastar Exploration reported a net loss attributable to common
stockholders of $473.98 million for the year ended Dec. 31, 2015,
compared to net income attributable to common stockholders of
$36.52 million for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Gastar had $430.86 million in total assets,
$551.05 million in total liabilities and a total stockholders'
deficit of $120.18 million.

                      *     *      *

As reported by the TCR on March 15, 2016, Standard & Poor's Ratings
Services lowered its corporate credit rating on U.S.-based oil and
gas exploration and production (E&P) company Gastar Exploration
Inc. to 'CCC-' from 'CCC+'.  The downgrade follows Gastar's
announcement that it had just $29 million of cash on hand and a
fully drawn revolver.  The company's borrowing base current stands
at $180 million, but will be reduced to $100 million at the earlier
of the close of the Appalachian asset sale or April 10, 2016.
Proceeds from the Appalachian asset sale are expected to be $80
million.


GENOIL INC: Amends Form 6-K Report with SEC
-------------------------------------------
Genoil, Inc., has amended its Form 6K report as originally filed
with the Securities and Exchange Commission on April 19, 2016,
solely for the purpose of correcting the Consolidated Statement of
Operations on page 34 to reflect the corrected Basic Diluted Income
(Loss) per share from $405,351,502 to $.00227939947 for 2015 and
$.00146020839 for 2014 from $393,280.168.00.  The weighted average
of number of shares outstanding was changed from 0 to 405,351,502
in 2015 and from 0 to 393,280,168 in 2014.

                      About Genoil Inc.

Genoil Inc. is a technology development company based in Alberta,
Canada. The Company has developed innovative hydrocarbon and oil
and water separation technologies.  The Company specializes in
heavy oil upgrading, oily water separation, process system
optimization, development, engineering, design and equipment
supply, installation, start up and commissioning of services to
specific oil production, refining, marine and related markets.

Genoil, Inc. reported a net loss of C$558,516 on C$0 of revenues
for the year ended Dec. 31, 2014, compared to a net loss of C$5.72
million on C$0 of revenues for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had C$570,237 in total assets,
C$5.58 million in total liabilities and a $5.01 million total
stockholders' deficit.

Pinaki & Associates, LLC, in Newark, DE, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has suffered recurring
losses from operations that raises a substantial doubt about its
ability to continue as a going concern.


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

        Debtor                                     Case No.
        ------                                     --------
        Goodrich Petroleum Corporation             16-31975
        801 Louisiana Street, Suite 700
        Houston, TX 77002

        Goodrich Petroleum Company, LLC            16-31976

Type of Business: An independent oil and natural gas company
                  engaged in the exploration, development, and
                  production of oil and natural gas properties.

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Hon. Marvin Isgur

Debtors' Counsel: Bradley Roland Foxman, Esq.
                  Garrick Chase Smith, Esq.
                  VINSON ELKINS LLP
                  2001 Ross Ave, Ste 3700
                  Dallas, TX 75201
                  Tel: 214-220-7784
                  E-mail: bfoxman@velaw.com
                         gsmith@velaw.com

                     - and -

                  Harry A. Perrin, Esq.
                  VINSON & ELKINS LLP  
                  First City Tower
                  1001 Fannin Street, Suite 2500
                  Houston, TX 77002-6760
                  Tel: (713) 758-2222
                  Fax: (713) 758-2346
                  E-mail: hperrin@velaw.com

                     - and -

                  David S. Meyer, Esq.
                  Lauren R. Kanzer, Esq.
                  VINSON & ELKINS LLP
                  666 Fifth Avenue, 26th Floor
                  New York, NY 10103-0040
                  Tel: (212) 237-0000
                  Fax: (212) 237-0100
                  E-mail: dmeyer@velaw.com
                          lkanzer@velaw.com

Debtors'          LAZARD FRERES & CO. LLC
Investment
Banker:

Debtors'          BMC GROUP, INC.
Notice,
Claims and
Balloting
Agent:

Estimated Assets: $50 million to $100 million

Estimated Debts: $500 million to $1 billion

The petition was signed by Robert C. Turnham, Jr., president and
chief operating officer.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim    Claim Amount
   ------                          ---------------    ------------
U.S. Bank National Association     Deficiency Claim   Undetermined
Attn: Corporate Trust Services
5555 San Felipe Street, Ste 1150
Houston, TX 77056
Fax: 713-235-9213
Email: mauri.cowen@usbank.com

U.S. Bank National Association     Deficiency Claim   Undetermined
Attn: Corporate Trust Services
5555 San Felipe Street, Ste 1150
Houston, TX 77056
Fax: 713-235-9213
Email: mauri.cowen@usbank.com

Wells Fargo Bank, National           8.875% Senior    $116,828,000
Association                         Notes Due 2019
Attn: Corporate Trust Services
1445 Ross Avenue, 2 Floor
Mac T5303-022
Dallas, Texas 75202-2812

Wilmington Trust, National          5.0% Convertible   $94,200,000
Association                         Senior Notes Due
Attn: S. Goffinet                         2032
15950 N. Dallas Parkway, Ste 550
Dallas, TX 75248
Email: sgoffinet@wilmingtontrust.com

Wells Fargo Bank, National          5.0% Convertible    $6,692,000
Association                          Senior Notes
Attn: Corporate Trust Services          Due 2029
1445 Ross Avenue, 2 Floor
Mac T5303-022
Dallas, Texas 75202-2812

Wilmington Trust, National          5.0% Convertible    $6,100,000
Association                         Exchange Senior
Attn: S. Goffinet                    Notes Due 2032
15950 N. Dallas Parkway, Ste 550
Dallas, TX 75248
Email: sgoffinet@wilmingtontrust.com

Wells Fargo Bank, National Assoc.  3.25% Convertible     $429,000
Attn: Corporate Trust Services      Senior Notes Due  
1445 Ross Avenue, 2 Floor                 2026
Mac T5303-022

Dallas, Texas 75202-2812

Fallon Family LP                           Trade Debt     $900,000
12219 Taylor Crest
Houston, TX 77024

Partridge-Sibley Industrial Service        Trade Debt      $84,449

X Chem LLC                                 Trade Debt      $33,859

Scada Solutions Inc.                       Trade Debt      $13,788

Total Pump and Supply LLC                  Trade Debt      $12,105

Cactus Wellhead LLC                        Trade Debt       $7,966

SPL Inc.                                   Trade Debt       $6,582

Moncla Workover and Drilling Operations    Trade Debt       $5,208

Common Disposal                            Trade Debt       $2,433

State Treasurer Fund                       Trade Debt       $1,944

Key Energy Services                        Trade Debt       $1,881

Latx Operations, LLC                       Trade Debt       $1,593

Herring Gas Company Inc.                   Trade Debt       $1,275


GOODRICH PETROLEUM: Files Chapter 11 to Facilitate Restructuring
----------------------------------------------------------------
Goodrich Petroleum Corporation on April 15 disclosed that it and
its subsidiary has filed for reorganization under Chapter 11 of the
Bankruptcy Code in the United States Bankruptcy Court for the
Southern District of Texas, Houston Division, in order to implement
the terms of that certain Restructuring Support Agreement (the
"RSA") previously announced.  The RSA and the bankruptcy proceeding
will allow for the restructuring of the Company's balance sheet,
which will strengthen the Company's financial position by reducing
long-term debt and enhancing financial flexibility.

Through the Chapter 11 restructuring, the Company will eliminate
approximately $400 million in debt from its balance sheet,
substantially deleverage its capital structure and strategically
position the Company for long-term performance in an anticipated
improving commodity price environment.  The RSA eliminates all of
the Company's prepetition funded indebtedness other than its first
lien reserve based loan facility, which currently has approximately
$40 million outstanding, resulting in a significantly deleveraged
balance sheet upon the Company's emergence from the Chapter 11
bankruptcy process.  The RSA also provides for the Company's
executive management team to remain with the Company, which will
allow for the Company's operations to continue as normal throughout
the court-supervised financial restructuring process, including the
payment of royalty and operating expenses.

In consultation with its financial advisors and legal counsel, the
execution of the RSA and today's filing reflect the Company's next
step in its efforts to respond proactively in a depressed commodity
environment.  Prior to the Chapter 11 filing, the Company attempted
to restructure its balance sheet through voluntary exchange offers,
with the latest effort unsuccessful due to the inability to get the
necessary approvals from its common stockholders, preferred
stockholders and unsecured noteholders.

The Company expects to maintain sufficient liquidity to continue
its operations and support the business in the ordinary course
during the financial restructuring process.

The Company has filed various motions with the Bankruptcy Court in
support of its financial restructuring and intends to continue to
pay employee wages and provide benefits without interruption in the
ordinary course of business.  The Company also expects to pay
suppliers and vendors in full under normal terms for goods and
services provided on or after the Chapter 11 filing date, and
anticipates making royalty payments and payments to working
interest owners when due.  The Company expects to receive
Bankruptcy Court approval for the requests in its motions.

                         About Goodrich

Goodrich Petroleum Corporation is an independent oil and natural
gas company engaged in the exploration, development and production
of oil and natural gas on properties primarily in (i)  Southwest
Mississippi and Southeast Louisiana, which includes the Tuscaloosa
Marine Shale Trend, (ii) Northwest Louisiana and East Texas, which
includes the Haynesville Shale, and (iii) South Texas, which
includes the Eagle Ford Shale Trend.

Goodrich Petroleum reported a net loss of $479.42 million on $77.65
million of revenues for the year ended Dec. 31, 2015, compared to a
net loss of $353.13 million on $208.55 million of revenues for the
year ended Dec. 31, 2014.  As of Dec. 31, 2015, Goodrich had $98.97
million in total assets, $507.05 million in total liabilities and a
total deficit of $408.08 million.

The Company's auditors Ernst & Young LLP, Houston, Texas, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has near term liquidity constraints and is not in
compliance with their Current Ratio covenant that raise substantial
doubt about its ability to continue as a going concern.


GOODRICH PETROLEUM: Files for Chapter 11 Bankruptcy Protection
--------------------------------------------------------------
Goodrich Petroleum Corporation and its subsidiary Goodrich
Petroleum Company, L.L.C. filed voluntary petitions on April 15,
2016, seeking relief under Chapter 11 of Title 11 of the United
States Bankruptcy Code in the United States Bankruptcy Court for
Southern District of Texas to pursue a pre-packaged Chapter 11 plan
of reorganization.  The Debtors have filed a motion with the Court
seeking joint administration of the Chapter 11 Cases under the
caption In re Goodrich Petroleum Corporation, et. al (Case No.
16-31975).  
The Debtors will continue to operate as debtors-in-possession under
the jurisdiction of the Court and in accordance with the applicable
provisions of the Bankruptcy Code and an order of the Court.  The
Company has filed a series of first day motions with the Court that
will allow it to continue to conduct business without interruption.
These motions are designed primarily to minimize the impact on the
Company's operations, customers and employees.

The Company expects to continue operations in the normal course
during the pendency of the Chapter 11 cases, and anticipates making
royalty payments and payments to working interest owners when due.
Employees should expect no change in their daily responsibilities
and to be paid in the ordinary course.

The commencement of the Chapter 11 cases constitutes an event of
default that accelerated the Company's obligations under the
following debt instruments:

   * Second Amended and Restated Credit Agreement, dated as of
     Sept. 22, 2009, by and among Goodrich Petroleum Company,
     L.L.C., as borrower, the guarantors party thereto, Wells
     Fargo Bank, National Association, as administrative agent,
     and the lenders party thereto;

   * Indenture, dated as of Dec. 6, 2006, between Goodrich
     Petroleum Corporation and Wells Fargo Bank, National
     Association, as trustee, relating to approximately $429,000
     aggregate outstanding principal amount of 3.25% Convertible
     Senior Notes due 2026;

  * Indenture, dated as of Sept. 28, 2009, and First
    Supplemental Indenture, dated as of Sept. 28, 2009, between
    Goodrich Petroleum Corporation and Wilmington Trust, National
    Association, as trustee, relating to approximately $6.7
    million aggregate outstanding principal amount of 5.00%
    Convertible Senior Notes due 2029;

  * Indenture, dated as of Sept. 28, 2009, and Third Supplemental
    Indenture, dated as of Aug. 26, 2013, among Goodrich Petroleum
    Corporation, Goodrich Petroleum Company, L.L.C., as guarantor,

    and Wilmington Trust, National Association, as trustee,
    relating to approximately $94.2 million aggregate outstanding
    principal amount of 5.00% Convertible Senior Notes due 2032;

  * Indenture, dated as of March 2, 2011, among Goodrich Petroleum

    Corporation, Goodrich Petroleum Company, L.L.C., as guarantor,

    and Wilmington Trust, National Association, as trustee,
    relating to approximately $116.8 million aggregate outstanding

    principal amount of 8.875% Senior Notes due 2019;

  * Indenture, dated as of March 12, 2015, and First Supplemental
    Indenture, dated as of Oct. 1, 2015, among Goodrich Petroleum
    Corporation, the Goodrich Petroleum Company, L.L.C., as
    guarantor, and U.S. Bank National Association, as trustee,
    relating to approximately $100 million aggregate outstanding
    principal amount of 8.00% Second Lien Senior Secured Notes due

    2018;

   * Indenture, dated as of Sept. 8, 2015, and First Supplemental
     Indenture, dated as of Sept. 8, 2015, among Goodrich
     Petroleum Corporation, Goodrich Petroleum Company, L.L.C., as

     guarantor, and Wilmington Trust, National Association, as
     trustee, relating to approximately $6.0 million aggregate
     outstanding principal amount of 5.00% Convertible Exchange
     Senior Notes due 2032; and

   * Indenture, dated as of Oct. 1, 2015, among Goodrich
     Petroleum Corporation, the Goodrich Petroleum Company,
     L.L.C., as guarantor, and U.S. Bank National Association, as
     trustee, relating to approximately $75 million aggregate
     outstanding principal amount of 8.875% Second Lien Senior
     Secured Notes due 2018.

The Debt Instruments provide that as a result of the Bankruptcy
Petitions, the principal and interest due thereunder shall be
immediately due and payable.  However, any efforts to enforce such
payment obligations under the Debt Instruments will be
automatically stayed as a result of the Chapter 11 cases, and the
creditors' rights of enforcement in respect of the Debt Instruments
will be subject to the applicable provisions of the Bankruptcy Code
and orders of the Bankruptcy Court.

                          About Goodrich

Goodrich Petroleum Corporation is an independent oil and natural
gas company engaged in the exploration, development and production
of oil and natural gas on properties primarily in (i)  Southwest
Mississippi and Southeast Louisiana, which includes the Tuscaloosa
Marine Shale Trend, (ii) Northwest Louisiana and East Texas, which
includes the Haynesville Shale, and (iii) South Texas, which
includes the Eagle Ford Shale Trend.


GREENWOOD HALL: Reports $2.2 Million Net Loss for Second Quarter
----------------------------------------------------------------
Greenwood Hall, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $2.22 million on $1.37 million of revenues for the three months
ended Feb. 29, 2016, compared to a net loss of $2.22 million on
$1.48 million of revenues for the three months ended Feb. 28,
2015.

For the six months ended Feb. 29, 2016, the Company reported a net
loss of $5.48 million on $2.66 million of revenues compared to a
net loss of $2.79 million on $4.14 million of revenues for the six
months ended Feb. 28, 2015.

As of Feb. 29, 2016, Greenwood had $628,472 in total assets, $11.37
million in total liabilities and a $10.74 million in total
stockholders' deficit.

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

                      http://is.gd/EOj366

Greenwood Hall, Inc., provides cloud-based education management
services to public and not-for-profit higher education institutions
in the United States.  Greenwood Hall is headquartered in Santa
Ana, California.


GRIZZLY LAND: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
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 Grizzly Land LLC.

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

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

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


HAMILTON SUNDSTRAND: Bank Debt Trades at 13% Off
------------------------------------------------
Participations in a syndicated loan under which Hamilton Sundstrand
Industrial is a borrower traded in the secondary market at 87.33
cents-on-the-dollar during the week ended Friday, April 8, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.58 percentage points from the
previous week.  Hamilton Sundstrand pays 300 basis points above
LIBOR to borrow under the $1.675 billion facility. The bank loan
matures on Dec. 10, 2019 and carries Moody's B3 rating and Standard
& Poor's B rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended April 8.



HCSB FINANCIAL: EJF Capital, et al., Have 9.9% Stake as of April 11
-------------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, EJF Capital LLC, Emanuel J. Friedman and EJF Sidecar
Fund, Series LLC - Series E disclosed that as of April 11, 2016,
they beneficially own 35,968,163 shares of common stock of HCSB
Financial Corporation representing 9.9 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/zs5Smg

                      About HCSB Financial

Loris, South Carolina-based HCSB Financial Corporation was
incorporated on June 10, 1999, to become a holding company for
Horry County State Bank.  The Bank is a state chartered bank which
commenced operations on Jan. 4, 1988.  From its 13 branch
locations, the Bank offers a full range of deposit services,
including checking accounts, savings accounts, certificates of
deposit, money market accounts, and IRAs, as well as a broad range
of non-deposit investment services.  During the third quarter of
2011, the Bank closed its Covenant Towers branch located at Myrtle
Beach.  All deposits were transferred to the Bank's Myrtle Beach
branch and the Bank does not expect any disruption of service in
that market for its customers.

HCSB Financial reported a net loss available to common shareholders
of $1.75 million on $13.7 million of total interest income for the
year ended Dec. 31, 2015, compared to a net loss available to
common shareholders of $1.40 million on $16.09 million of total
interest income for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, HCSB Financial had $362 million in total
assets, $374 million in total liabilities and a total shareholders'
deficit of $12.3 million.

Elliott Davis Decosimo, LLC, in Columbia, South Carolina, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that  the
Company has suffered recurring losses that have eroded regulatory
capital ratios and the Company's wholly owned subsidiary, Horry
County State Bank, is under a regulatory Consent Order with the
Federal Deposit Insurance Corporation (FDIC) that requires, among
other provisions, capital ratios to be maintained at certain
levels.  As of December 31, 2015, the Company's subsidiary is
considered significantly undercapitalized based on its regulatory
capital levels.  These considerations raise substantial doubt about
the Company's ability to continue as a going concern.  The Company
also has deferred interest payments on its junior subordinated
debentures for 20 consecutive quarters as of December 31, 2015.
Under the terms of the debentures, the Company may defer payments
for up to 20 consecutive quarters without creating a default.
Payment for the 20th quarterly interest deferral period was due in
March 2016.  The Company failed to pay the deferred and compounded
interest at the end of the deferral period, and the trustees of the
corresponding trusts, have the right, after any applicable grace
period, to exercise various remedies, including demanding immediate
payment in full of the entire outstanding principal amount of the
debentures.  The balance of the debentures and accrued interest as
of December 31, 2015 were $6,186,000 and $901,000, respectively.
These events also raise substantial doubt about the Company's
ability to continue as a going concern as of December 31, 2015.


HHH CHOICES: HHHW Opposes Motion to Appoint Chapter 11 Trustee
--------------------------------------------------------------
Debtor Hebrew Hospital Home of Westchester, Inc., filed with the
U.S. Bankruptcy Court for the Southern District of New York its
memorandum of law in opposition to the United States Trustee's
motion for an order directing appointment of a Chapter 11 trustee
in the bankruptcy cases of HHH Choices Health Plan, LLC, et al.

Raymond L. Fink, Esq., at Harter Secrest & Emery LLP, in Buffalo,
New York -- rfink@hselaw.com -- contends that same as Debtor Hebrew
Hospital Senior Housing, Inc. (HHSH), the appointment of a trustee
is not in the best interests of the creditors, HHHW's estate or any
other interested party.  He argues that there is neither legal nor
factual support for any of the UST's arguments in the Trustee
Motion; rather, the UST is attempting to forego the principal
philosophy of Chapter 11 that a debtor has the opportunity manage
its affairs while submitting to the oversights built into the
Bankruptcy Code.

Mr. Fink notes that it is very common for affiliated debtors to
share management, without giving rise to any conflicts of interest.
He contends that HHHW is not using its estate for any improper
purpose; rather, the entire Chapter 11 process and statutory
procedures ensure proper oversight and control of HHHW's estate.
He points out that except for ordinary course matters, all other
transactions require applications to the Court, which are highly
visible and provide an opportunity for full transparency.

"The appointment of a trustee would only add an administrative
overlay and delay resolution of the HHHW estate.  Most importantly,
the UST's decision to finally appoint a Creditors' Committee
provides the needed fiduciary to protect and oversee the HHHW
estate; thus, rendering the UST's Trustee Motion moot," Mr. Fink
asserts.

               About HHH Choices Health Plan, LLC

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, the Debtor filed a
notice of consent to order for relief on June 1, 2015, and an order
for relief was entered on June 22, 2015.

Judge Michael E. Wiles oversees the case.


HUB INTERNATIONAL: Bank Debt Trades at 3% Off
---------------------------------------------
Participations in a syndicated loan under which Hub International
LTD is a borrower traded in the secondary market at 96.93
cents-on-the-dollar during the week ended Friday, April 8, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.25 percentage points from the
previous week.  Hub International pays 325 basis points above LIBOR
to borrow under the $1.951 billion facility. The bank loan matures
on Oct. 2, 2022 and carries Moody's Ba3 rating and Standard &
Poor's B rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended April 8.



ICAGEN INC: Recurring Losses Raise Going Concern Doubt
------------------------------------------------------
Icagen, Inc., filed with the Securities and Exchange Commission its
annual report on Form 10-K disclosing a net loss applicable to
common stock of $8.72 million on $1.58 million of sales for the
year ended Dec. 31, 2015, compared to a net loss applicable to
common stock of $569,288 on $541,794 of sales for the year ended
Dec. 31, 2014.

As of Dec. 31, 2015, Icagen had $12.92 million in total assets,
$11.22 million in total liabilities, $133,350 in convertible
redeemable preferred stock, and $1.57 million in total
stockholders' equity.

RBSM LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2015, citing that the Company has incurred recurring operating
losses, which has resulted in an accumulated deficit of
approximately $22.143 million at Dec. 31, 2015.  These conditions
among others raise substantial doubt about the Company's ability to
continue as a going concern.

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

                       http://is.gd/xGF8tp

                           About Icagen

Icagen, Inc., formerly known as XRpro Sciences, Inc., is a
biopharmaceutical company, focuses on the discovery, development,
and commercialization of orally-administered small molecule drugs
that modulate ion channel targets.  Its drug candidates include
ICA-105665, a small molecule compound that targets specific KCNQ
ion channels for the treatment of epilepsy and pain, which is in
Phase II clinical trial stage; and a compound that targets the
sodium channel Nav1.7 for the treatment of pain, which is in Phase
I clinical trial stage.


INTELLIPHARMACEUTICS INT'L: Incurs $2.12 Million Net Loss in Q1
---------------------------------------------------------------
Intellipharmaceutics International Inc. reported a net loss and
comprehensive loss of US$2.12 million on US$566,937 of revenue for
the three months ended Feb. 29, 2016, compared to a net loss and
comprehensive loss of US$914,660 on US$1.13 million of revenue for
the three months ended Feb. 28, 2015.

As of Feb. 29, 2016, Intellipharmaceutics had US$3.81 million in
total assets, US$4.86 million in total liabilities and shareholders
deficiency of US$1.05 million.

"The Company has incurred losses from operations since inception
and has reported losses of $2,120,040 for the three months ended
February 29, 2016 (February 28, 2015 - $914,660), and has an
accumulated deficit of $54,992,482 as at February 29, 2016
(November 30, 2015 - $52,872,442).  The Company has funded its
research and development ("R&D") activities principally through the
issuance of securities, loans from related parties, funds from the
IPC Arrangement Agreement and funds received under development
agreements.  There is no certainty that such funding will be
available going forward.  In the event that the Company does not
obtain sufficient additional capital, these conditions raise
substantial doubt about its ability to continue as a going concern
and realize its assets and pay its liabilities as they become
due."

A full-text copy of the Form 6-K report is available for free at:

                         http://is.gd/HPYfVH

                      About Intellipharmaceutics

Toronto, Canada-based Intellipharmaceutics International Inc. is
incorporated under the laws of Canada.  Intellipharmaceutics is a
pharmaceutical company specializing in the research, development
and manufacture of novel and generic controlled-release and
targeted-release oral solid dosage drugs.  Its patented
Hypermatrix(TM) technology is a multidimensional controlled-
release drug delivery platform that can be applied to the
efficient development of a wide range of existing and new
pharmaceuticals.  Based on this technology, Intellipharmaceutics
has a pipeline of product candidates in various stages of
development, including filings with the FDA in therapeutic areas
that include neurology, cardiovascular, gastrointestinal tract,
diabetes and pain.

Intellipharmaceutics reported a net loss of US$7.43 million on
US$4.09 million of revenues for the year ended Nov. 30, 2015,
compared to a net loss of US$3.85 million on US$8.76 million of
revenues for the year ended Nov. 30, 2014.

Deloitte LLP issued a "going concern" opinion on the consolidated
financial statements for the year ended Nov. 30, 2015, citing that
the Company's recurring losses from operations and shareholders'
deficiency raise substantial doubt about its ability to continue as
a going concern.


IPALCO ENTERPRISES: S&P Raises Issuer Credit Rating From 'BB+'
--------------------------------------------------------------
Standard & Poor's Ratings Services said it raised its issuer credit
rating on IPALCO Enterprises Inc. and subsidiary Indianapolis Power
& Light Co. (IP&L) to 'BBB-' from 'BB+'.  S&P is affirming the
rating on IPALCO's senior unsecured debt at 'BB+'.  S&P is also
affirming the 'BBB+' rating on IP&L's senior secured first mortgage
bonds and leaving the '1+' recovery rating on the bonds unchanged.
The outlook is stable.

The issuer credit rating upgrade on IPALCO and IP&L to 'BBB-' from
'BB+' reflects the upgrade to parent AES.  S&P rates IPALCO two
notches higher than AES because of IPALCO's higher stand-alone
credit profile and structural protections in place that insulate
IPALCO.  These protections include dividend limitations, a
significant minority shareholder with an economic interest and
certain veto rights, and a nonconsolidation opinion.  S&P rates
IP&L in line with IPALCO because in S&P's view it is an integral
and fully supported subsidiary.

"The stable outlook on the ratings reflects our expectation that
IPALCO will maintain consistent financial policies and will not
issue additional debt to pay dividends to AES," said Standard &
Poor's credit analyst Obioma Ugboaja.

If IPALCO did so, S&P's analysis of the company's financial policy
would be significantly altered, and S&P would most likely lower the
ratings.  Under Standard & Poor's baseline forecast, S&P expects
IPALCO's FFO to debt to approximate 9.5% to 11% over the next three
years.  Fundamental to S&P's forecast is the timing and the
ultimate cost of environmental capital spending and satisfactory
outcomes for future rate cases.

S&P would lower the ratings if it downgraded AES and the company
did not add any additional insulating measures.  S&P could also
downgrade IPALCO if financial measures weakened, reflecting FFO to
debt below 9% on a sustained basis.



J. CREW: Bank Debt Trades at 23% Off
------------------------------------
Participations in a syndicated loan under which J. Crew is a
borrower traded in the secondary market at 77.09
cents-on-the-dollar during the week ended Friday, April 8, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.56 percentage points from the
previous week.  J. Crew pays 300 basis points above LIBOR to borrow
under the $1.56 billion facility. The bank loan matures on Feb. 27,
2021 and carries Moody's B2 rating and Standard & Poor's B- rating.
The loan is one of the biggest gainers and losers among 247 widely
quoted syndicated loans with five or more bids in secondary trading
for the week ended April 8.



JUMIO INC: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Jumio Inc.
        268 Lambert Avenue
        Palo Alto, CA 94306

Case No.: 16-10682

Type of Business: Online and mobile identity authentication
                  company.

Chapter 11 Petition Date: March 21, 2016

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

Judge: Hon. Brendan Linehan Shannon

Debtor's
Bankruptcy
Counsel:                Kimberly A. Brown, Esq.
                        LANDIS RATH & COBB LLP
                        919 N. Market Street, Suite 1800
                        PO Box 2087
                        Wilmington, DE 19899
                        Tel: 302-467-4400
                        Fax: 302-467-4450
                        E-mail: brown@lrclaw.com

                          - and -

                        Adam G. Landis, Esq.
                        LANDIS RATH & COBB LLP
                        919 Market Street, Suite 1800
                        Wilmington, DE 19801
                        Tel: 302-467-4400
                        Fax: 302-467-4450
                        E-mail: landis@lrclaw.com

                           - and -

                        Kerri K. Mumford, Esq.
                        LANDIS RATH & COBB LLP
                        919 Market Street, Suite 1800
                        Wilmington, DE 19801
                        Tel: (302) 467-4414
                        Fax: (302) 467-4450
                        E-mail: mumford@lrclaw.com

Debtor's                
Special
Corporate         
Counsel:                WILMER CUTLER PICKERING HALE AND DORR LLP
                        7 World Trade Center
                        250 Greenwich Street
                        New York, NY 10007
                        Tel: (212) 230-8800

Debtor's                
Financial
Advisor:                ERNST & YOUNG LLP
                        560 Mission Street, Suite 1600
                        San Francisco, CA 94105
                        Tel: (415) 894-4000

Debtor's                
Investment
Banker:                 SAGENT ADVISORS, LLC
                        299 Park Avenue, 9th Floor
                        New York, NY 10171
                        Tel: (212) 904-9400

Debtor's                
Special
SEC Counsel:            COOLEY LLP

Debtor's                
Claims and
Noticing Agent:         RUST CONSULTING/OMNI BANKRUPTCY

Estimated Assets: $1 million to $10 million

Estimated Debt: $10 million to $50 million

The petition was signed by Stephen Stuut, chief financial officer.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Salesforce.com, Inc.                 Trade Debt         $138,000
jarret.shaeffer@salesforce.com

CMS Reich-Rohrwig Hainz             Professional         $87,360
raphaela.mogensen@cms-rrh.com         Services

Linkedln                             Trade Debt          $26,589
scarr@linkedln.com

SkyParlour Ltd.                      Trade Debt          $25,790
accounts@skyparlour.com

Morgan Lewis Law                     Professional        $21,156
agray@morganlewis.com                  services

Money2020, LLC                        Trade Debt         $15,000
sales@money2020.com

Marketo, Inc.                         Trade Debt         $14,774
rkreslavsky@marketo.com

Hixson Nagatani                      Professional        $12,949
info@hnemploymentlaw.com               services

Dotted Line Communications, LLC        Trade Debt        $10,108
info@dottedlinecomm.com

Retail Knowledge                       Trade Debt         $9,193
paul@retail-knowledge.com

Tinderbox                              Trade Debt         $7,500
ashley@gettinderbox.com

Intelligent Environments Europe        Trade Debt         $5,418
rmcfarlane@intelligentenvironments.com

UMB Information Ltd.                   Trade Debt         $5,000
communications@ubm.com

theflow.cc                             Trade Debt         $3,319
Schulz-Strassnitzki-Gasse
studio@theflow.cc

Equinox Fitness Clubs                  Trade Debt         $2,400
corpbilling@equinox.com

CyberSource Corporation                Trade Debt         $1,980
sales@cybersource.com

Information Security Media             Trade Debt         $1,789
Group Corp.
djohnson@ismgcorp.com

Jovite Inc.                            Trade Debt         $1,650
jeff.steiner@jobvite-inc.com

15Five, Inc.                           Trade Debt         $1,536
support@15five.com

BambooHR, LLC                          Trade Debt         $1,399
jsmith@bamboohr.com


JUMIO INC: Equityholders Object to Bidding Procedures
-----------------------------------------------------
Equity holders -- Amberbrook VI, LLC, Citizen.VC, LLC, Jacqueline
Fox, and Liber Argentum Assocs., LLC -- and the Ad Hoc Equity
Committee object to Jumio, Inc.'s motion motion, complaining that
the proposed bid procedures lack of information on the Debtor's
prepetition marketing process, prohibiting both potential bidders
and the Court from analyzing the merit and value of the Stalking
Horse Bidder's Purchase Price and the means by which Potential
Bidders can construct competing bids.

The Objecting Parties criticize the sale timeline proposed by the
Debtor as unfair and unreasonable for it provides no realistic
means to investigate the prepetition liens and the attendant credit
bid. The Objecting Parties further criticize that setting the Bid
Deadline "no later than April 26, 2016" -- same as the deadline
established by the Interim Order for challenging the amount,
validity, and enforceability of the "Prepetition Secured
Obligations" and the perfection or priority of the "Prepetition
Liens" -- is inadequate, does not encourage bidding.

The Ad Hoc Committee asserts that it would prefer conversion to
chapter 7 and the preservation of causes of actions over a process
that seeks to steamroll investors, including the investors that
were defrauded as a result of the failure of management and the
board adequately to do their jobs.

Amberbrook VI, LLC, Citizen.VC, LLC, Jacqueline Fox, and Liber
Argentum Assocs., LLC are represented by:

     William F. Taylor, Jr., Esq.
     Kate Roggio Buck, Esq.
     McCARTER & ENGLISH, LLP
     Renaissance Centre
     405 N. King Street, 8th Floor
     Wilmington, DE 19801
     Telephone: 302.984.6300
     Facsimile: 302.984.6399
     Email: wtaylor@mccarter.com
            kbuck@mccarter.com   

     -- and --  

     Charles A. Stanziale, Jr., Esq.
     Jeffrey T. Testa, Esq.
     Matthew B. Heimann, Esq.
     McCARTER & ENGLISH, LLP
     Four Gateway Center
     100 Mulberry Street
     Newark, New Jersey 07102
     Telephone: (973) 622-4444
     Facsimile: (973) 624-7070
     Email: cstanziale@mccarter.com
            jtesta@mccarter.com
            mheimann@mccarter.com

The Ad Hoc Committee is represented by:

     Laura Davis Jones, Rsq.
     Jeffrey N. Pomerantz, Esq.
     Peter J. Keane, Esq.
     PACHULSKI STANG ZIEHL &JONES LLP
     919 N. Market Street, 17th Floor
     P.O. Box 8705
     Wilmington, DE 19899-8705 (Courier 19801)
     Telephone: (302) 652-4100
     Facsimile: (302) 652-4400
     Email: ljones@pszjlaw.com
            jpomerantz@pszjlaw.com
            pkeane@pszjlaw.com

     -- and --

     Michael B. Lubic, Esq.
     John H. Culver III, Esq.
     Sven T. Nylen, Esq.
     K&L GATES LLP
     10100 Santa Monica Blvd., 8th Floor
     Los Angeles, CA 90067
     Telephone: (310) 552-5000
     Facsimile: (310) 552-5001
     Email: michael.lubic@klgates.com
            john.culver@klgates.com
            sven.nylen@klgates.com

                About Jumio

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

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

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


JUMIO INC: Hires Cooley as Special Litigation Counsel
-----------------------------------------------------
Jumio Inc. seeks authorization from the U.S. Bankruptcy Court for
the District of Delaware to employ Cooley LLP as special litigation
counsel, nunc pro tunc to March 21, 2016.

The Debtor requires Cooley to provide legal services in connection
with certain governmental investigations and related matters.

As of the Petition Date, Cooley held unapplied retainer funds
previously provided by the Debtor in the amount of $18,160.47, from
which Cooley expects to be compensated for its initial postpetition
fees and expenses.

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

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

The Bankruptcy Court will hold a hearing on the motion on April 29,
2016, at 9:20 p.m.  Objections were due April 15, 2016.

Cooley can be reached at:

       Jeffrey M. Kaban, Esq.
       COOLEY LLP
       3175 Hanover Street
       Palo Alto, CA 94304-1130
       Tel: (650) 843-5222
       Fax: (650) 849-7400
       E-mail: jkaban@cooley.com

                           About Jumio

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

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

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



JUMIO INC: U.S. Trustee Forms 5-Member Equity Committee
-------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, appointed Buttonwood
Alpha QP Fund LLC and four others to serve on the committee of
equity security holders in the Chapter 11 case of Jumio Inc.

The committee members are:

     (1) Buttonwood Alpha QP Fund LLC
         Attn: Stephan Stein
         30 Broad Street, 11th Floor
         New York, NY 10004
         Phone: 212-440-9650
         Fax: 212-440-9668

     (2) Turner Investment Fund XI, LLC
         Attn: Tim McAfee
         2306 Briarcliff Commons NE
         Atlanta, GA 30345
         Phone: 404-386-0730

     (3) 137 Ventures II, LP
         Attn: Andy Laszlo
         49 Geary Street, Ste. 500
         San Francisco, CA 94108
         Phone: 650-678-4575
         Fax: 415-276-6061

     (4) Pinnacle Ventures Equity Fund II, L.P.
         Attn: Arun Ramamourthy
         1600 El Camino Real, Ste. 250
         Menlo Park, CA 94025
         Phone: 650-926-7811
         Fax: 650-926-7801

     (5) City Ventures, Inc.
         Attn: Ramneek Gupta
         260 Homer Avenue, Ste. 101
         Palo Alto, CA 94301
         Phone: 650-798-8113 Fax: 650-798-8129

Headquartered in Palo Alto, California, Jumio is an online and
mobile identity management and credentials authentication company.

Its customers include, among others, Airbnb, United Airlines,
WorldRemit, EasyJet, and Duolingo.  Jumio has operations in the
United States, Europe and India.  Jumio employs 43 individuals.

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

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

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 Jumio Inc.


KALOBIOS PHARMA: Asks Court to Extend Exclusivity Thru July 26
--------------------------------------------------------------
KaloBios Pharmaceuticals, Inc., asks the Delaware bankruptcy court
to extend the period during which the Debtor has the exclusive
right to file a chapter 11 plan by approximately 90 days through
and including July 26, 2016, and extending the period during which
the Debtor has the exclusive right to solicit acceptances thereof
through and including September 25, 2016.

The Debtor explains that it is required by the letter of interest
with Savant Neglected Diseases, LLC, and the Amended Letter of
Intent and annexed Amended Term Sheet, each dated March 18, 2016 --
Stalking Horse LOI -- by and between the Debtor, Black Horse
Capital LP, Black Horse Capital Master Fund Ltd., Cheval Holdings,
Ltd. and Nomis Bay LTD to emerge from bankruptcy on or before June
30th.   

The Debtor has filed a disclosure statement and Chapter 11 plan,
and seeking for the disclosure statement to be heard on May 6, with
a confirmation hearing on June 14 and 15.  Consequently, the Debtor
seeks an extension of the Exclusive Periods to allow the Debtor to
seek approval of the disclosure statement and chapter 11 plan and
exit from bankruptcy.  

Since the Petition Date, the Debtor has focused its efforts
principally on procuring debtor-in-possession financing and exit
financing, seeking approval of a letter of intent with Savant and
working toward a definitive agreement related thereto, preparing
its schedules of assets and liabilities and statements of financial
affairs,  and establishing a claims administration process, while
simultaneously defending itself against an adversary proceeding and
numerous objections by the so-called PIPE Investors.

The Debtor is seeking to acquire from Savant the regulatory and
non-intellectual property assets and obtain an exclusive license
from Savant of the intellectual property assets of the worldwide
rights in and relating to the drug benznidazole for human use.  The
Bankruptcy Court approved the Debtor's entry into the Savant LOI on
February 26, 2016, which obligates the Debtor to, among other
things, emerge from bankruptcy on or before June 30, 2016.

The Savant LOI requires that the Debtor emerge from bankruptcy with
at least $10 million of unencumbered cash.  To that end, it is
necessary for the Debtor to secure additional financing prior to
its emergence from bankruptcy.

On March 23, 2016, the Court entered an order (i) approving the
Debtor's entry into the Stalking Horse LOI; (ii) approving the
bidding and auction procedures annexed thereto to govern the
submission and consideration of competing plan proposals for
Primary Plan Transactions -- as defined in the Stalking Horse LOI
-- and supplemental plan sponsorship proposals for Secondary Plan
Transactions, (iii) approving and authorizing the breakup fee
contained in the Stalking Horse LOI provided that the parties
complete and execute the loan and exit financing documents on or
before April 7, 2016, (iv) scheduling and authorizing the Debtor to
conduct an auction for Plan Transactions, (v) approving notice of
the Bidding Procedures and related noticing procedures, and (vi)
granting related relief.

The Stalking Horse LOI offers $3 million in DIP financing to
provide the Debtor with funds necessary to operate its business
until confirmation of a plan and $11 million in exit financing to
facilitate consummation of the Savant Transaction as well as
consummation of a plan of reorganization.

On April 1, 2016, in accordance with the Bid Procedures Order, the
Debtor and the Stalking Horse executed (i) a Debtor in Possession
Credit and Security Agreement, (ii) a Securities Purchase
Agreement, and (iii) certain other documents related thereto.  The
Debtor has filed papers seeking approval of the DIP Credit
Agreement and SPA.

The Stalking Horse LOI requires that the Court enter orders,
acceptable to the Lender, approving the disclosure statement on or
before May 13, 2016, and confirming a plan on or before June 15,
2016, which plan will become effective on or before June 30, 2016.

Absent an extension, the Exclusive Periods will terminate on April
27, 2016, and June 27, 2016, respectively.

                 About KaloBios Pharmaceuticals

Based in South San Francisco, Calif., KaloBios Pharmaceuticals,
Inc., is a company biopharmaceutical company focused on the
development of monoclonal antibody therapeutics.

The Company's balance sheet at March 31, 2015, showed $32.0
million in total assets, $15.9 million in total liabilities, and a
stockholders' deficit of $16.1 million.

KaloBios Pharmaceuticals (Nasdaq: KBIO) on Dec. 29, 2015, filed a
voluntary petition for bankruptcy protection under Chapter 11 of
Title 11 of the United States Bankruptcy Code.  The filing was
made in the U.S. Bankruptcy Court for the District of Delaware
(Case No. 15-12628).

The Company is represented by Eric D. Schwartz of Morris, Nichols,
Arsht & Tunnell.

No trustee, examiner or committee has been appointed in this
chapter 11 case.


KALOBIOS PHARMA: Motion to Dismiss PIPE Investors' Suit Pending
---------------------------------------------------------------
KaloBios Pharmaceuticals, Inc., said in bankruptcy court filings
that it has been engaged in a time consuming dispute on multiple
fronts with certain investors -- PIPE Investors -- who claim to be
entitled to the return of funds they wired to the Debtor as part of
a private placement securities transaction a few weeks prior to the
Debtor's bankruptcy filing.

First, in the infancy of the Debtor's case, the PIPE Investors
forced the Debtor to fend off a motion to escrow the Funds, which
constituted substantially all of the Debtor's available cash.
Second, contemporaneously therewith, the PIPE Investors commenced
an adversary proceeding (Adv. Pro. 16-50001), seeking, among other
things, the imposition of a resulting or constructive trust on the
Funds and declaration that the Funds were not part of the Debtor's
estate.  

The Debtor filed a motion to dismiss the Adversary Proceeding, only
to have the PIPE Investors file a motion to amend their complaint
after completion of briefing on the motion to dismiss.  Both the
Debtor's motion to dismiss and the PIPE Investors' motion for leave
to amend will be heard in the coming months.  

                 About KaloBios Pharmaceuticals

KaloBios Pharmaceuticals, Inc., is a company biopharmaceutical
company focused on the development of monoclonal antibody
therapeutics.

The Company's balance sheet at March 31, 2015, showed $32.0
million in total assets, $15.9 million in total liabilities, and a
stockholders' deficit of $16.1 million.

KaloBios Pharmaceuticals (Nasdaq: KBIO) on Dec. 29, 2015, filed a
voluntary petition for bankruptcy protection under Chapter 11 of
Title 11 of the United States Bankruptcy Code.  The filing was
made in the U.S. Bankruptcy Court for the District of Delaware
(Case No. 15-12628).

The Company is represented by Eric D. Schwartz of Morris, Nichols,
Arsht & Tunnell.

No trustee, examiner or committee has been appointed in this
chapter 11 case.


KALOBIOS PHARMA: Moved Offices to Brisbane, Calif.
--------------------------------------------------
KaloBios Pharmaceuticals, Inc. said in bankruptcy court filings
that it moved its offices to 1000 Marina Blvd., #250, Brisbane, CA
94005-1878 on April 1, 2016.

The Debtor's office space as of the Petition Date was governed by a
lease signed by the Debtor in December 2013, at a time when the
Debtor had a workforce approximately four times the size of its
current six employee staff. Based on the current size of the
Debtor's workforce and the outsourcing of most testing and research
activities, the Debtor determined, in the exercise of its business
judgment, that it was in the best interest of the Debtor and its
estate to terminate the Lease and locate and occupy alternative
space.

On February 25, 2016, after weeks of negotiation, the Debtor sought
Court approval to enter into and perform under a Lease Termination
Agreement with Bayside Acquisition, LLC, its landlord as of the
Petition Date.  On March 2, 2016, the Debtor sought Court approval
of a letter of intent to enter into a new lease with Fund VIII/1000
Marina, LLC for a new, more modest office space location.  On March
15, 2016, the Court granted both Motions.

                 About KaloBios Pharmaceuticals

KaloBios Pharmaceuticals, Inc., is a company biopharmaceutical
company focused on the development of monoclonal antibody
therapeutics.

The Company's balance sheet at March 31, 2015, showed $32.0
million in total assets, $15.9 million in total liabilities, and a
stockholders' deficit of $16.1 million.

KaloBios Pharmaceuticals (Nasdaq: KBIO) on Dec. 29, 2015, filed a
voluntary petition for bankruptcy protection under Chapter 11 of
Title 11 of the United States Bankruptcy Code.  The filing was
made in the U.S. Bankruptcy Court for the District of Delaware
(Case No. 15-12628).

The Company is represented by Eric D. Schwartz of Morris, Nichols,
Arsht & Tunnell.

No trustee, examiner or committee has been appointed in this
chapter 11 case.


KEETON HEALTHCARE: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
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 Keeton Healthcare Services, Inc.

Keeton Healthcare Services, Inc. sought protection under Chapter 11
of the Bankruptcy Code (Bankr. S.D. Tex. Case No. 16-31165) on
March 1, 2016. The Debtor is represented by Nelson M Jones III,
Esq., at the Law Office of Nelson M. Jones III.


KEURIG GREEN: S&P Assigns 'BB-' CCR, Outlook Stable
---------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' corporate
credit rating to Keurig Green Mountain Inc.  The outlook is
stable.

Concurrently, S&P is withdrawing the ratings, including the 'BB-'
corporate credit rating, on Maple Holdings Acquisition Corp.

S&P is also affirming the 'BB' issue ratings the company's senior
secured debt, which was transferred from Maple Holdings Acquisition
Corp. to Keurig Green Mountain Inc.  The debt comprises a $500
million revolver due 2021, $3.175 billion term loan A due 2021,
$1.775 billion term loan B due 2023, and a EUR842 million term loan
B due 2023. The '2' recovery rating remains unchanged, indicating
S&P's expectation that lenders would receive 70%-90% recovery (in
the higher half of the range) in the event of a default.

The ratings on Keurig reflect the company's high financial leverage
following the leveraged buyout, deleveraging focus, leading
position in single-serve coffee brewers and K-Cups in the U.S.,
participation in the fastest-growing sector of the coffee industry
(although growth rates are decelerating), and lack of product and
geographic diversity.

Keurig has a very strong domestic position in the niche
single-serve coffee segment, which is the fastest-growing segment
in the coffee market.  The global coffee market is large, at $85
billion (excluding retail coffee shops), and S&P expects it to grow
at 3% annually.  Keurig competes predominantly in the attractive
U.S. market for coffee, which, at $13 billion, is the largest
coffee market in the world. Single-serve volume per pound share of
total coffee is 7% in the U.S., and has been driving the overall
coffee market growth, although that growth has been decelerating in
recent years.  Total coffee volume per pound in the U.S. has been
flat while single-serve coffee grew 50% in 2013, 31% in 2014, and
14% in 2015.  Single-serve share was 39% in 2015 on a dollar basis
in the U.S.  The significantly higher dollar share is because of
the segment's higher price point compared with those of other
coffee segments.  The single-serve price per cup is 51 cents,
compared to premium roast and ground, which is 11 cents;
mainstream, at four cents; and instant, at three cents.

Although the coffee sector is highly competitive and fragmented,
Keurig should continue to benefit from increasing penetration rates
in the U.S. Penetration of single-serve brewers are low in the U.S.
(at 17%) compared to other countries--for example, penetration
rates are 65% in Netherlands, 54% in Belgium, 49% in France, 38% in
Germany, and 33% in Canada.  Keurig's growth is dependent on
increasing domestic adoption of single-cup coffee makers, retaining
existing households, maintaining stable attachment rates, and
maintaining solid relationships with third-party brands.  Consumers
purchase the brewers for convenience as they are easy to clean and
save time compared to roast and grind brewers.

Keurig competes against large brands with deep financial resources
such as Kraft Foods' Maxwell House and The J.M. Smucker Co.'s
Folgers, as well as coffee retailers such as Starbucks and Dunkin'
Brands.  In the single-cup coffee segment, the company competes
against companies such as Nestle, which is the category leader with
about $12 billion in sales.  Keurig also competes against coffees
and teas sold through supermarkets, club stores, mass merchants,
specialty retailers, and food service accounts.  In single-serve,
Keurig has a competitive advantage, as it controls innovation on
brewers and pods, and has multiyear strategic relationships with
Starbucks, Dunkin' Donuts, Eight O' Clock Coffee, and others.  The
company has 80 brands in its system, which creates a significant
competitive advantage because no other single-serve system offers
more choices for consumers.  S&P believes Keurig will maintain a
very strong share in the U.S. and Canada markets because of its
history of success at developing innovative products.  Following
its patent expiration in 2012, the company increased its mix of
private label, which is somewhat lower margin.  S&P do not expect
the company will continue to focus on this segment, but will
instead focus on its brands.

Keurig lacks product and geographic diversity compared to major
competitors such as Kraft, Smucker, and Nestle.  The company is
highly dependent on the domestic single-serve category.  In fiscal
2015, it attributed approximately 73% of consolidated net sales to
K-Cup portion packs and 19% to Keurig single-cup brewers and
related accessories.  This leaves the company vulnerable to shifts
in consumer tastes and preference.  It also has a narrow geographic
footprint, with 87% of its sales in the U.S. and 13% in Canada.

The ratings also reflect Keurig's good cash flow generation
capabilities and focus on debt reduction, as demonstrated through
the reduction of its dividend and its plans to use internally
generated cash for debt repayment.  S&P estimates leverage will be
in the low-4.0x area in fiscal 2017 and decline to the low-3.0x
level in fiscal 2018.  S&P expects the company thereafter to
maintain financial leverage about 3.0x.  Similarly, S&P expects the
company's ratio of funds from operations (FFO) to debt will
strengthen to almost 20% in 2018, from the low teens in 2016.  This
is based on S&P's expectation that Keurig should generate between
$800 million and $900 million annually in free cash flows beginning
in fiscal 2017 and use it for debt reduction.

The stable outlook on Keurig reflects S&P's expectation that the
company will prioritize deleveraging and use internally generated
cash for debt repayment.  S&P also expects the company to generate
sales growth by improving marketing, and expand margins through
cost reductions over the next 12 months, which should enable the
company to generate FOCF in excess of $500 million and reduce
financial leverage below 5.0x within one year of the close of the
transaction.

S&P could consider an upgrade if Keurig sustainably grows the sales
of its high-margin K-Cups despite strong competition from
alternative coffee products, maintains margins at least at current
levels (about 24%), and sustains financial leverage below 4x
through debt reduction.

S&P could consider lowering the ratings if Keurig's leverage does
not decrease below 5.0x by the end of calendar 2016.  This could
result from a material reduction in FOCF generation from currently
expected levels, possibly from market share losses because of
changes in consumer tastes or from a change in the company's
financial policies resulting in excess cash applied to dividends
versus debt reduction.



KU6 MEDIA: Nasdaq Grants Temporary Exception to Listing Rules
-------------------------------------------------------------
Ku6 Media Co., Ltd. was notified by The NASDAQ Stock Market LLC
that the hearings panel of NASDAQ had granted the Company's request
for a temporary exception to the listing rules, and the Company
will continue its listing on the NASDAQ Global Market, subject to
the condition that on or before July 13, 2016, the Company must
have completed the previously announced "going private" transaction
with its controlling shareholder, and taken steps to delist the
Company's American depositary shares from the NASDAQ Global Market.
The Company is required to promptly inform the Hearing Panel of
any material event that may delay the closing of the going private
transaction, and the Hearing Panel may reconsider the terms of the
exception based on any event, condition or circumstance that exists
or develops.  There can be no assurance that the Company will be
able to comply with the conditions of the exception.

As previously announced, in February 2016, NASDAQ notified the
Company of its determination to delist the ADSs based on the
Company's non-compliance with the US$1 minimum bid price
requirement, the US$50,000,000 minimum market value requirement and
the US$15,000,000 minimum market value of publicly held securities
requirement.  The Company appealed such determination and was
granted a hearing before the Hearing Panel, which was held on March
31, 2016.

As previously announced on April 5, 2016, the Company entered into
a definitive Agreement and Plan of Merger with Shanda Investment
Holdings Limited and Ku6 Acquisition Company Limited, a
wholly-owned subsidiary of Parent.  Pursuant to the Agreement,
Parent will acquire the Company for cash consideration equal to
US$0.0108 per ordinary share of the Company or US$1.08 per ADS.  If
completed, the transactions contemplated by the Agreement will
result in the Company becoming a privately-held company and the
ADSs will no longer be listed on the NASDAQ Global Market.

                         About Ku6 Media

Ku6 Media Co., Ltd. -- http://ir.ku6.com/-- is an Internet video
company in China focused on User-Generated Content.  Through its
premier online brand and online video Web site --
http://www.ku6.com/-- Ku6 Media provides online video uploading
and sharing service, video reports, information and entertainment
in China.

As of Dec. 31, 2015, the Company had $9.01 million in total assets,
$14.31 million in total liabilities and a $5.29 million total
shareholders' deficit.

PricewaterhouseCoopers Zhong Tian LLP, in Shanghai, the People's
Republic of China, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that the Company's recurring losses, negative working
capital, net cash outflows, and uncertainties associated with
significant changes made, or planned to be made, in respect of the
Company's business model, raise substantial doubt about the
Company's ability to continue as a going concern.


LA FRONTERA: S&P Withdraws B+ Project Rating on Debt Repayment
--------------------------------------------------------------
Standard & Poor's Ratings Services withdrew its 'B+' project rating
and '2' recovery rating on La Frontera Generation LLC.

La Frontera Generation LLC was recently sold to an affiliate of
Energy Future Holdings.  At the time of the April 2016 closing of
the sale, the project was on CreditWatch with negative implications
because of a prospective lack of separation between it and its new
parent, which S&P does not rate.



LANDMARK HOSPITALITY: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------------
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 Landmark Hospitality, LLC.

Landmark Hospitality, LLC sought protection under Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the District of
Arizona (Tucson) (Case No. 16-02826) on March 21, 2016.  

The petition was signed by Jyotindra Patel, member. The case is
assigned to Judge Brenda Moody Whinery.

The Debtor is represented by Eric Slocum Sparks, Esq., at Eric
Slocum Sparks PC.

The Debtor disclosed total assets of $2.78 million and total debts
of $3.75 million.


LB STEEL: Hires Mulcahy Pauritsch as Tax Return Preparer
--------------------------------------------------------
LB Steel, LLC, sought and obtained permission from the U.S.
Bankruptcy Court for the Northern District of Illinois to retain
Mulcahy Pauritsch Salvador & Co, Ltd., d/b/a MPS/CPA, as tax return
preparer to the Debtors, nunc pro tunc to October 18, 2015.

LB Steel requires Mulcahy Pauritsch to prepare and file the
Debtor's tax returns for the 2015 and 2016 tax years.

On January 21, 2016, the Debtor and Mulcahy Pauritsch signed a
letter agreement in which the Debtor agreed to pay Mulcahy
Pauritsch an estimated fee of $24,500 plus an hourly fee for any
tax support questions and Mulcahy Pauritsch agreed to provide the
Tax Services. Subsequently, Mulcahy Pauritsch agreed to modify the
fee arrangement such that the estimated fee would include the
preparation of the Debtor’s 2016 tax return as well.

On February 9, 2016, Mulcahy Pauritsch provided 0.75 hours of tax
support service to the Debtor for which Mulcahy Pauritsch has
requested payment of $183.75.  A copy of Mulcahy Pauritsch's
invoice for $183.75 is attached as Exhibit C. The Debtor has sought
no additional hourly tax support and the Debtor does not anticipate
seeking any further hourly tax support. The Debtor is informed and
believes that Mulcahy Pauritsch's total fees shall not exceed
$24,683.75.

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

To the best of the Debtor's knowledge, information, and belief 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.

Mulcahy Pauritsch can be reached at:

     Kenneth G. Daemicke
     MULCAHY PAURITSCH SALVADOR & CO, LTD
     D/B/A MPS/CPA
     14300 Ravinia Avenue
     Orland Park, IL 60462
     Tel: (708) 349.6999
     Fax: (708) 349.6639

                              About LB Steel

LB Steel, LLC, provider of outsourced machining, fabrication,
burning, and assembly services, sought Chapter 11 bankruptcy
protection (Bankr. N.D. Ill. Case No. 15-35358) on Oct. 18, 2015.
Michael Goich signed the petition as president. The Debtor
estimated assets in the range of $10 million to $50 million and
debts of more than $50 million. The Debtor has engaged Perkins Coie
LLP as counsel. Judge Janet S. Baer is assigned to the case.


LEAPFROG ENTERPRISES: Deregisters Class A Common Stock
------------------------------------------------------
Leapfrog Enterprises, Inc., filed with the Securities and Exchange
Commission a Form 15 notifying the termination of registration of
its Class A common stock under Section 12(g) of the Securities
Exchange Act of 1934.  As a result of the Form 15 filing, the
Company is not anymore obligated to file periodic reports with the
SEC.

                 About LeapFrog Enterprises

Emeryville, California-based LeapFrog Enterprises, Inc. is a
developer of educational entertainment for children.  The company's
product portfolio consists of multimedia learning and reading,
platforms and related content and learning toys.  It has also
developed learning platforms, including the LeapPad family of
learning tablets, the LeapTV educational video game system, the
Leapster family of handheld learning game systems, and the
LeapReader reading and writing systems.

As of Dec. 31, 2015, the Company had $185.46 million in total
assets, $79.01 million in total liabilities and $106.45 million in
total stockholders' equity.

For the nine months ended Dec. 31, 2015, the Company reported a net
loss of $105.61 million compared to a net loss of $142.60 million
for the same period in 2014.

"Due to the seasonality of the Company's business, the results of
operations for interim periods are not necessarily indicative of
the operating results for a full year.  During the third fiscal
quarter, the Company continued to face an uncertain business
environment and a number of fundamental challenges in its business,
including a continued decline in overall tablet sales and related
content, aggressive price competition and loss of shelf space at
retail.  Sales of the Company's LeapTV products and associated
content did not improve in the third quarter to the extent the
Company hoped, despite promotional efforts, including price
reductions, intended to stimulate consumer demand.  In addition,
declines in the overall tablet market overshadowed improvements in
certain product lines such as the Company's new Epic tablet.  The
Company does not believe that these challenging conditions will
improve materially in the next two quarters.  The Company continued
to take steps to reduce costs through such measures as reducing the
size of its workforce and deferring the development of certain new
products.  However, the Company believes that available approaches
to improving its liquidity, such as making changes to vendor terms
and accelerating the collection of receivables, may be unlikely to
compensate for the liquidity impact of its worse than anticipated
performance during the third quarter.  The Company currently
believes that liquidity available to fund its operations during the
first two quarters of fiscal 2017, when its use of cash increases
as it builds inventories and experiences seasonal declines in
revenue, may be insufficient to permit it to continue normal
operations, and there is substantial doubt about the Company's
ability to continue as a going concern," the Company stated in its
quarterly report for the period ended Dec. 31, 2015.


LIBERTY ASSET: Hires Levene Neale as General Bankruptcy Counsel
---------------------------------------------------------------
Liberty Asset Management Corporation seeks authorization from the
U.S. Bankruptcy Court for the Central District of California to
employ Levene, Neale, Bender, Yoo & Brill LLP ("LNBYB") as general
bankruptcy counsel, effective March 21, 2016.

The Debtor requires LNBYB to:

   (a) advise the Debtor with regard to the requirements of the
       Bankruptcy Court, Bankruptcy Code, Bankruptcy Rules and the

       Office of the United States Trustee as they pertain to the
       Debtor;

   (b) advise the Debtor with regard to certain rights and
       remedies of its bankruptcy estate and the rights, claims
       and interests of creditors;

   (c) represent the Debtor in any proceeding or hearing in the
       Bankruptcy Court involving its estate unless the Debtor is
       represented in such proceeding or hearing by other special
       counsel;

   (d) conduct examinations of witnesses, claimants or adverse
       parties and represent the Debtor in any adversary
       proceeding except to the extent that any such adversary
       proceeding is in an area outside of LNBYB's expertise or
       which is beyond LNBYB's staffing capabilities;

   (e) prepare and assist the Debtor in the preparation of
       reports, applications, pleadings and orders including, but
       not limited to, applications to employ professionals,
       interim statements and operating reports, initial filing
       requirements, schedules and statement of financial affairs,

       lease pleadings, cash collateral pleadings, financing
       pleadings, and pleadings with respect to the Debtor's use,
       sale or lease of property outside the ordinary course of
       business;

   (f) represent the Debtor with regard to obtaining use of
       debtor-in possession financing and/or cash collateral
       including, but not limited to, negotiating and
       seeking Bankruptcy Court approval of any debtor in
       possession financing and/or cash collateral pleading or
       stipulation and preparing any pleadings relating to
       obtaining use of debtor-in-possession financing and/or cash

       collateral;

   (g) assist the Debtor in the negotiation, formulation,
       preparation and confirmation of a plan of reorganization
       and the preparation and approval of a disclosure
       statement in respect of the plan; and

   (h) perform any other services which may be appropriate in
       LNBYB's representation of the Debtor during its bankruptcy
       case.

The Debtor expect that David B. Golubchik and Jeffrey Kwong, whose
hourly billing rates are $595 and $335 respectively, will be the
primary attorneys at LNBYB responsible for the representation of
the Debtor during their Chapter 11 case.

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

The Debtor paid LNBYB a $50,000 retainer in connection with
representing the Debtor, inclusive of the $1,717 filing fee.

David B. Golubchik, partner of LNBYB, 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.

LNBYB can be reached at:

       David B. Golubchik, Esq.
       Jeffrey S. Kwong, Esq.
       LEVENE, NEALE, BENDER,
       YOO & BRILL LLP
       10250 Constellation Blvd, Suite 1700
       Los Angeles, CA 90067
       Tel: (310) 229-1234
       Fax: (310) 229-1244
       E-mail: dbg@lnbyb.com
               jsk@lnbyb.com



LIBERTY ASSET: Meeting of Creditors Set for April 25
----------------------------------------------------
The U.S. Trustee for the Central Disrict of California will convene
a meeting of creditors in the Chapter 11 case of Liberty Asset
Management Corporation on April 25, 2016, at 10:00 a.m., at Room 6,
915 Wilshire Blvd., 10th Floor, in Los Angeles, California.

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

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

West Covina, California-based Liberty Asset Management Corporation
a renting, buying, selling, and appraising real estate, file for
Chapter 11 protection (Bankr. C.D. Calif. Case No. 16-13575) on
March 21, 2016.  David B Golubchik, Esq., at Levene Neale Bender
Yoo & Brill LLP represents the Debtor in its restructuring effort.
The Debtor estimated assets at $100 million to $500 million and
debts at $50 million to $100 million.  The petition was signed by
Benjamin Kirk, CEO.


LIFE PARTNERS: Court Okays Sutherland Asbill as Trustee Counsel
---------------------------------------------------------------
H. Thomas Moran II, the Chapter 11 Trustee for Life Partners
Holdings, Inc. and its debtor-affiliates, sought and obtained
permission from the U.S. Bankruptcy Court for the Northern District
of Texas to employ Sutherland Asbill & Brennan LLP as special
regulatory counsel.

The Trustee requires Sutherland Asbill to perform the following
regulatory legal services:

   (a) preparing an application for an exemption under Section
       6(c) of the Investment Company Act;

   (b) representing the Debtors before the SEC in connection
       therewith as necessary in order to obtain the relief
       requested by the application for an exemption;

   (c) offering counsel to the Debtors on a variety of related
       issues relating to the aforementioned application for
       exemption; and

   (d) advising the Debtors with respect to necessary amendments
       to the Proposed Plan relating to the above-described
       exemption application.

Sutherland Asbill will be paid at these hourly rates:

       Steven B. Boehm              $950
       Harry S. Pangas              $720
       Christian Walker             $420
       Jutta Frankfurter            $380
       Clay Douglas                 $350

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

Harry S. Pangas, partner of Sutherland Asbill, 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.

Sutherland Asbill can be reached at:

       Harry S. Pangas, Esq.
       SUTHERLAND ASBILL & BRENNAN LLP
       700 Sixth Street, NW, Suite 700
       Washington, DC 20001-3980
       Tel: (202) 383-0805
       E-mail: harry.pangas@sutherland.com

                      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.


LIFESAVERS HOME: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
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 Lifesavers Home Respiratory, Inc.

Lifesavers Home Respiratory, Inc. sought protection under Chapter
11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the
Middle District of Florida (Tampa) (Case No. 16-02032) on March 9,
2016.  

The petition was signed by Michael A. Minacci, president. The
Debtor is represented by Alberto F. Gomez, Jr., Esq., at Johnson
Pope Bokor Ruppel & Burns, LLP.

The Debtor estimated assets of $100,000 to $500,000 and debts of $1
million to $10 million.


LINN ENERGY: Pays $60 Million Interest on Senior Notes
------------------------------------------------------
LINN Energy, LLC and LinnCo, LLC announced that LINN and Berry
Petroleum Company, LLC made interest payments on April 14, 2016, of
approximately $30 million on LINN's 7.75% senior notes due February
2021, $12 million on LINN's 6.50% senior notes due September 2021
and approximately $18 million on Berry's senior notes due September
2022 within the applicable 30-day period provided in the indentures
governing the notes, for which payment had been previously deferred
from the original due date of March 15, 2016.

Strategic Alternatives Related to the Company's Capital Structure

As previously announced, the Company is currently in the process of
exploring strategic alternatives to strengthen its balance sheet
and maximize the value of the Company and has engaged its financial
and legal advisors along with its lenders in discussions on how to
best reduce the Company's debt and ensure its long-term liquidity
needs are met, including the possibility of restructuring under a
Chapter 11 plan of reorganization.

As part of this process, LINN and Berry intend to elect to exercise
the 30-day grace period with respect to an interest payment due
April 15, 2016, of approximately $31 million on LINN's 8.625%
senior notes due April 2020 and interest payments due
May 1, 2016, of approximately $18.2 million on LINN's 6.25% senior
notes due May 2019 and approximately $8.8 million on Berry’s
6.75% senior notes due November 2020.  If LINN fails to make the
interest payments within the applicable 30-day grace period and is
otherwise unable to obtain a waiver or other suitable relief from
the holders under the indentures governing the senior notes prior
to the expiration of the 30-day grace period, the resulting default
under the applicable indenture will mature into an event of
default, allowing the noteholders to elect to accelerate the
outstanding indebtedness under the senior notes.

Amendments to Credit Facilities

On April 12, 2016, LINN entered into the Eighth Amendment to its
Sixth Amended and Restated Credit Agreement among LINN, Wells Fargo
Bank, NA, as administrative agent, and the lenders party thereto.
The Eighth Amendment provides:

   * An agreement that certain specified events will not become
     defaults or events of default until May 11, 2016;

   * The borrowing base will remain constant until May 11, 2016,
     subject to reductions based on sales of assets or termination

     of hedge agreements; and

   * LINN, the Agent and the lenders will negotiate in good faith
     an agreement in furtherance of a restructuring of the capital

     structure of LINN.

In addition, on April 12, 2016, Berry entered into the Twelfth
Amendment to its Second Amended and Restated Credit Agreement among
Berry, Wells Fargo Bank, NA, as administrative agent, and the
lenders party thereto.  The Twelfth Amendment provides:

   * An agreement that certain specified events will not become
     defaults or events of default until May 11, 2016;

   * The borrowing base will remain constant until May 11, 2016,
     subject to reductions based on sales of assets or termination

     of hedge agreements; and

   * Berry will have access to $45 million in cash that is
     currently restricted in order to fund ordinary course
     operations; and

   * Berry, the Berry Agent and the lenders will negotiate in good

     faith an agreement in furtherance of a restructuring of the
     capital structure of Berry.

Additional information is available for free at:

                    http://is.gd/aVDjb7

                    About Linn Energy

LINN Energy, LLC (NASDAQ: LINE) -- http://www.linnenergy.com/-- is
an oil and natural gas company.  The Company is focused on
acquiring, developing and maximizing cash flow from a portfolio of
oil and natural gas assets.  The Company's properties are located
in the United States, in the Rockies, the Hugoton Basin,
California, east Texas and north Louisiana (TexLa), the
Mid-Continent, the Permian Basin, Michigan/Illinois and south
Texas.

Linn Energy reported a net loss of $4.75 billion on $2.88 billion
of revenues for the year ended Dec. 31, 2015, compared to a net
loss of $452 million on $4.98 billion of revenues for the year
ended Dec. 31, 2014.  As of Dec. 31, 2015, Linn Energy had $9.97
billion in total assets, $10.2 billion in total liabilities and a
$269 million in unitholders' deficit.

                        *     *     *

The Troubled Company Reporter, on Feb. 8, 2016, reported that
Standard & Poor's Ratings Services lowered its corporate credit
rating on Houston-based oil and gas exploration and production
(E&P) company Linn Energy LLC to 'CCC' from 'B+'.  S&P also lowered
its corporate credit rating on Berry Petroleum Co. LLC to 'CCC'
from 'B+'.  The outlook is negative.

Linn Energy, LLC carries a 'Caa1' corporate family rating from
Moody's Investors Service.


LOUISIANA PELLETS: Judge Kolwe Recuses Himself From Ch. 11 Cases
----------------------------------------------------------------
Judge John W. Kolwe of the U.S. Bankruptcy Court for the Western
District of Louisiana recused himself from ruling on the Chapter 11
cases of Louisiana Pellets, Inc., et al.  He referred the
bankruptcy cases to Chief Judge Robert Summerhays for
reassignment.

The move is done to preclude any question concerning impartiality,
according to the Order of Recusal.

                          *     *     *

Chief Judge Summerhays accepted the cases and transferred them to
the Lafayette Division of the Bankruptcy Court.

                     About Louisiana Pellets

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

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

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

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

The Debtors tapped Locke Lord LLP, as counsel.

                           *     *     *

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


MAGNUM HUNTER: Shareholders Haven't Made Case for Recovery
----------------------------------------------------------
Jacqueline Palank, writing for Dow Jones' Daily Bankruptcy Review,
reported that individual Magnum Hunter Resources Corp. shareholders
waging a last-minute battle to claw their way into the money and
receive a recovery from the oil and gas explorer's chapter 11 debt
restructuring haven't managed to convince a federal bankruptcy
watchdog.

According to the report, an official with the U.S. Department of
Justice unit that monitors bankruptcy cases says there is a high
bar for shareholders to meet in order to gain a louder voice in a
chapter 11 case, which the official says the Magnum Hunter
shareholders have so far failed to surmount.

As previously reported by The Troubled Company Reporter, the
Requesting Holders argue that the Court should direct the United
States Trustee to appoint an official committee of equity security
holders based on three general assertions: (a) the Debtors are not
hopelessly insolvent based on their prepetition book value of
approximately $1.5 billion; (b) the Debtors have not been
transparent with respect to the marketing efforts related to and
have otherwise undervalued their 44.53% equity interest in Eureka
Hunter Holdings, LLC; and (c) various conflicts of interest exist
that require investigation by an Equity Committee.

The Debtors object to the requests for the appointment of an
official committee of equity security holders, holding that while
the Debtors are sympathetic to the financial impact of these
Chapter 11 cases on the Requesting Holders, sympathy does not trump
the Bankruptcy Code's rigid priority scheme.  The Debtors assert
that as the evidence presented in support of confirmation of the
Debtors' proposed Chapter 11 plan of reorganization will show, the
Debtors' enterprise valuation simply does not support a recovery
for equity security holders in these cases.

The hearing to consider confirmation of Magnum Hunter Resources
Corporation's bankruptcy-exit plan as well as the request to
install an official equity holders committee in the Debtors'
Chapter 11 cases has been adjourned to April 18, 2016, at 3:00
(prevailing Eastern Time) before the Honorable Judge Kevin Gross.

                       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's Second Amended Joint Chapter 11 Plan of Reorganization.
The hearing to consider confirmation of the Plan has been moved
from March 31, 2016, to April 18, 2016.


MB VENTURES: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
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 MB Ventures - Parker, LLC.

MB Ventures - Parker, LLC sought protection under Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the District of
Colorado (Denver) (Case No. 16-10654) on January 27, 2016.  

The petition was signed by Evert W. Mellema, manager. The case is
assigned to Judge Elizabeth E. Brown.

The Debtor is represented by Robert Padjen, Esq., at Laufer and
Padjen LLC.

The Debtor estimated both assets and liabilities in the range of $1
million to $10 million.


METROPOLITAN AUTOMOTIVE: Gets Final Approval to Obtain Financing
----------------------------------------------------------------
Judge Wayne Johnson of the U.S. Bankruptcy Court for the Central
District of California authorized, on a final basis, Metropolitan
Automotive Warehouse, Inc., and Star Auto Parts, Inc., to obtain
secured superpriority postpetition financing.

As previously reported by The Troubled Company Reporter, the
Bankruptcy Court on Feb. 29 entered an interim order authorizing
the Debtors to obtain up to $7.5 million of DIP financing from
proposed buyer Parts Authority Metro LLC.

In order to continue to operate their businesses, subject to the
terms and conditions of this Interim Order and the other DIP Loan
Documents, the Debtors are authorized to borrow under the DIP
Facility up to an aggregate principal amount of $7,500,000 only
for
the purposes set forth in the DIP Loan Documents, (i) $5,000,000
of
which will be funded within 3 business days after entry of the
Interim Order to repay and replace the Existing DIP Facility and
for use in accordance with Section 3.01 of the DIP Credit
Agreement
and (ii) $2,500,000 of which will be funded within one Business
Day
after the Sale Hearing in the event the DIP Lender is chosen and
approved as the Successful Bidder, for use in accordance with
Section 3.01 of the DIP Credit Agreement through the proposed
closing of the sale on March 19, 2016.

                  About Metropolitan Automotive

Metropolitan Automotive Warehouse, Inc. is a family-owned Southern
California-based business, distributing automotive aftermarket
parts for the last 60 years, with operations in Southern California
and Central California.  Metropolitan distributes aftermarket
automotive parts to retail stores and also sells to and fulfills
orders for various e-commerce customers.

Star Auto Parts, Inc., a wholly-owned subsidiary of Metropolitan,
is a Southern California based retailer of aftermarket parts.  Star
sells aftermarket automotive parts directly to repair facilities
also known as the "Do-it-for-Me" channel, end users, also known as
the "Do-it-Yourself" channel, and businesses, which own and operate
vehicle fleets.

Metropolitan and Star Auto employ approximately 1,000 persons.

Metropolitan Automotive Warehouse, Inc. and Star Auto Parts sought
Chapter 11 protection (Bankr. C.D. Cal.) on Jan. 6, 2016.  The
cases are jointly administered under Case No. 16-10096.  Judge
Wayne E. Johnson is assigned to the cases.  The petitions were
signed by Ron Turner, the president.

The Debtor has estimated assets in the range $10 million to $50
million and estimated liabilities of $50 million to $100 million.

Richard Pachulski serves as the Debtors' CRO.  Winthrop Couchot
Professional Corporation serves as the Debtor's counsel.
SierraConstellation Partners is the Debtors' financial advisor.
Imperial Capital, LLC, is the investment banker.

A 7-member panel has been appointed as the official committee of
unsecured creditors in the Debtor's case.  The Creditors Committee
retained Sidley Austin LLP as its counsel; and Alvarez & Marsal
North America, LLC, as financial advisor.


MICRON TECHNOLOGY: Moody's Keeps Ba2 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service rated Micron Technology Inc.'s new Senior
Secured Notes at Baa2. Micron's other ratings are unchanged,
including the Baa2 Senior Secured Term Loan B rating, Ba2 Corporate
Family Rating ("CFR"), the Ba2-PD Probability of Default Rating
("PDR"), the Ba3 Senior Unsecured rating, and the SGL-2 Speculative
Grade Liquidity ("SGL") rating. The outlook is stable.

Moody's expects that proceeds of up to $1.5 billion, comprised of
the new Senior Secured Term Loan B and the Senior Secured Notes,
will be used to bolster liquidity. Micron's liquidity is an
important driver of the rating, as Moody's expects DRAM market
conditions will remain depressed over the next year, and Moody's
expects that Micron's resulting weak profitability over the next 12
to 18 months and large capital expenditures will result in cash
consumption over this period.

RATINGS RATIONALE

Moody's said, "Micron's Ba2 corporate family rating (CFR) reflects
Micron's strong market position in the memory business, low
financial leverage, and large cash and marketable investments
balances, which we expect to exceed $3 billion over time. Due to
the new senior secured debt offerings, and the anticipated debt
issuance to fund the proposed acquisition of Inotera Memories, Inc
("Inotera"), we expect debt to increase moderately, though Moody's
expects that debt to EBITDA will only increase to the mid to upper
2x level (Moody's adjusted, proforma for Inotera), which is low
relative to many other Ba rated issuers. Still, this level of
leverage is appropriate for the rating, since leverage metrics can
increase considerably during a cyclical downturn in the memory
market or a heavy capital program. Currently there is weakness in
the PC-DRAM market and we expect Micron's capital spending will
remain elevated as the company converts NAND production to three
dimensional structures ("3D-NAND"). Although we expect the DRAM
market to remain weak over the near term, we believe that Micron's
large pool of liquid assets will sustain the company through this
weak phase of the industry cycle. Moreover, we recognize the
flexibility that Micron exhibited during the last industry downturn
(2008-2009) to temporarily defer capital expenditures, limiting the
negative free cash flow and thus preserving cash should the
downturn deepen."

The Baa2 rating of the Senior Secured Notes and the Senior Secured
Term Loan B, which is three notches above the CFR, reflects the
collateral package, which includes the material US assets of Micron
and pledge of foreign stock, and the very large cushion of
unsecured liabilities behind the senior secured debt. The Ba3
Senior Unsecured rating, which is one notch below the CFR, reflects
the structural subordination to Micron's secured liabilities. The
Speculative Grade Liquidity ("SGL") rating of SGL-2, reflects
Micron's good liquidity, based mostly on its significant cash and
marketable securities position, which provides Micron the ability
to maintain capital expenditures during industry downturns when
profitability is weak, as is the case currently due to depressed
market conditions in DRAM.

The stable outlook reflects Moody's expectation that Micron will
consume cash over the near term due to weak profitability,
reflecting depressed market conditions in DRAM, and high capital
expenditures to fund the transition to 3D NAND production.
Moreover, the increase in debt, including the new senior secured
debt (Senior Secured Term Loan B and Senior Secured Notes) and the
incremental debt to fund the acquisition of Inotera, will increase
debt to EBITDA into the mid to upper 2x level (Moody's adjusted,
proforma for Inotera).

"Given the weak profitability we expect over the near term as the
DRAM market progresses through the low phase of the industry cycle,
a rating upgrade is unlikely over the next year. Over the
intermediate term, the rating could be upgraded as Micron both
increases gross profit margin, indicating greater market pricing
power, and shows evidence of improved operational efficiency, such
that we expect that operating margins (Moody's adjusted) will be
sustained above the low digit teens percent through the cycle. We
would expect these improvements to occur within a market
environment of continued stable market pricing and core growth in
demand for DRAM and NAND. Maintenance of very strong liquidity,
through access to cash and generally positive free cash flow, and
for Micron to maintain a financial policy balancing the interests
of creditors and shareholders would also be important
considerations for any possible upgrade."

"The ratings could be downgraded if Micron does not execute
successfully on its transition to mass production of 3D NAND or if
free cash flow becomes more negative. The ratings could also come
under pressure if DRAM market conditions do not show signs of
improvement over the next year, with supply more closely tracking
demand. If we expect leverage will not decline toward 2.0x EBITDA
(Moody's adjusted) over the next 18 months, or Micron engages in
shareholder-friendly actions, the rating could be downgraded."

Rating Assignments:

Issuer: Micron Technology Inc.

-- Senior Secured Notes, Baa2, LGD1

Micron Technology, Inc., based in Boise, Idaho, manufactures and
markets semiconductor devices, principally DRAM, NAND Flash and NOR
Flash memory, as well as other innovative memory technologies,
packaging solutions and semiconductor systems.

Inotera Memories, Inc, based in Taiwan, manufactures DRAM memory
chips on behalf of Micron.


MIDSTATES PETROLEUM: Moody's Cuts Corporate Family Rating to Ca
---------------------------------------------------------------
Moody's Investors Service downgraded Midstates Petroleum Company,
Inc.'s Corporate Family Rating (CFR) to Ca from Caa1, its
Probability of Default Rating (PDR) to Ca-PD from Caa1-PD, its
second lien secured notes to Caa2 from B2, its third lien secured
notes to Ca from Caa1, and its senior unsecured notes to C from
Caa3. Moody's also lowered the company's Speculative Grade
Liquidity Rating to SGL-4 from SGL-3. The outlook is negative. On
April 1, 2016, Midstates elected to exercise its right to a 30-day
grace period with respect to an approximately $16 million interest
payment due on its 10.75% Senior Notes due 2020.

"The downgrade of Midstates' rating reflects the company's
unsustainable capital structure and weak liquidity position,"
commented Amol Joshi, Moody's Vice President. "As the company's
hedges have rolled off in 2015, its interest expense and operating
cost structure is now unsustainable at low oil and gas prices,
leading to a high default risk."

Issuer: Midstates Petroleum Company, Inc.

Downgrades:

-- Probability of Default Rating, Downgraded to Ca-PD from
    Caa1-PD

-- Speculative Grade Liquidity Rating, Downgraded to SGL-4 from
    SGL-3

-- Corporate Family Rating, Downgraded to Ca from Caa1

-- Senior Secured 2nd Lien Notes, Downgraded to Caa2 (LGD 2) from

    B2 (LGD 2)

-- Senior Secured 3rd Lien Notes, Downgraded to Ca (LGD 4) from
    Caa1 (LGD 4)

-- Senior Unsecured Regular Bond/Debentures, Downgraded to C
    (LGD 5) from Caa3 (LGD 5)

Outlook Actions:

Issuer: Midstates Petroleum Company, Inc.

-- Outlook, Changed To Negative From Stable

RATINGS RATIONALE

Midstates' Ca CFR reflects its high debt balances, weak cash flow
and credit metrics which will likely deteriorate further due to the
expected low oil and gas prices. There is no availability under the
company's revolving credit facility, and curing a deficiency under
its borrowing base facility along with negative cash flow could
exhaust a meaningful portion of the company's cash balances.
Midstates' high debt balances, limited financial flexibility and a
challenging operating environment makes its capital structure
unsustainable. Offsetting these negatives were good 2015 cash
margins supported by hedges. Nearly 56% of the company's proved
reserves at December 31, 2015 are estimated to be liquids. However,
the downturn in oil and gas prices will hamper development
opportunities, pressuring production and cash flow. In addition,
the Oklahoma Corporation Commission's Oil and Gas Conservation
Division (OGCD) has requested that Midstates significantly curtail
its wastewater disposal volumes into the Arbuckle formation. The
company is working with the OGCD, and complying with the OGCD
request will impact the company's operations and could materially
reduce production until alternative disposal methods, including
disposal into other formations, can be developed and implemented.

Midstates' unsecured notes are rated C, which is one notch below
the company's Ca CFR under Moody's Loss Given Default Methodology.
This notching reflects the priority claim given to the senior
secured revolving credit facility, the second lien notes, and the
third lien notes. The second lien notes are rated Caa2, two notches
above Midstates' CFR, reflecting those notes' priority claim to the
company's assets over the third lien notes and unsecured notes,
partially offset by the senior secured revolving credit facility's
first lien claim to the assets. Moody's believes that the Caa2
rating is more appropriate for the second lien notes than the Caa1
rating suggested by Moody's Loss Given Default Methodology, based
on the company's complex capital structure. The third lien notes
are rated Ca, at the same level as Midstates' CFR, reflecting its
priority claim over the unsecured notes.

Midstates' SGL-4 Speculative Grade Liquidity Rating reflects a weak
liquidity profile. Midstates' existing cash balances are expected
to shrink rapidly due to high interest expense burden and expected
negative cash flow. Further, Midstates' revolving credit facility
has a borrowing base of $170 million with aggregate borrowings of
$252 million as of April 1, 2016. The borrowing base was lowered by
the company's lenders in April 2016 from $252 million, leaving the
company with a borrowing base deficiency of $82 million. At March
23, 2016, Midstates had approximately $317.4 million in cash
available, and a portion of this cash balance could be used to cure
its borrowing base deficiency. In addition, the company is in a
30-day grace period with respect to an approximately $16 million
interest payment due on its 10.75% Senior Notes due 2020. The
credit facility matures on May 31, 2018, and is secured by
substantially all of Midstates' oil and natural gas properties.
Financial covenants under its revolver include a minimum current
ratio of 1.0x and a quarterly maximum revolver debt-to-EBITDA ratio
of 1.0x. As EBITDA continues to decline, the headroom under the
covenants will shrink rapidly such that the company may not remain
in covenant compliance towards the end of 2016.

The rating outlook is negative, reflecting Midstates' unsustainable
capital structure and the likely need to be restructured.

The ratings could be downgraded if the company fails to pay its
interest expense or undertakes a financial restructuring.

"We could upgrade the ratings if the company improves its cash flow
and reduces its debt levels in order to support stronger cash flow
coverage of debt."

Midstates Petroleum Company, Inc. is an independent exploration and
production (E&P) company focused on oilfields in the Mississippian
Lime play in Oklahoma and the Anadarko Basin in Texas and western
Oklahoma. The company is headquartered in Tulsa, Oklahoma.



MINT LEASING: Expects "Substantial Doubt" Opinion from Auditors
---------------------------------------------------------------
Raven Asset-Based Opportunity Fund I, LP, on Nov. 30, 2015, filed
its lawsuit in the District Court of Harris County, Texas against
the Company, The Mint Leasing, Inc., The Mint Leasing South, Inc.
and Jerry Parish for breach of the Loan Agreement between the
Company and related parties, and MNH Management, LLC.  Raven is the
assignee of MNH.  Raven is seeking damages in excess of $8,700,000
in the complaint.  Since inception of the Raven/Mint Litigation,
the Company's ability to deposit funds into its operating account
from the lockbox account controlled by Raven has been significantly
impaired resulting in the Company's inability to meet certain
financial obligations, including its obligation to maintain its
reporting requirements under the 1934 Exchange Act.

On Feb. 10, 2016, the Company filed its counterclaim against Raven,
and on March 8, 2016, Raven amended its pleadings to add claims
against Mint North.  On April 4, 2016, the Court ordered a receiver
on the record.  It is anticipated that any receivership order will
result in Raven's security in the Company's assets will be
controlled by the receiver with little to no oversight by
management.

The Company is of the opinion that its auditor's report on its 2016
financial statements will be expressing an opinion that substantial
doubt exists as to whether the Company can continue as an ongoing
business.  The lack of revenues from operations to date caused by
the Raven/Mint Litigation raises substantial doubt about the
Company's ability to continue as a going concern, according to a
regulatory filed with the Securities and Exchange Commission.

Due to the aforementioned financial constraints, and more
specifically, the Raven/Mint Litigation, the Company has concluded
that it cannot file its annual report on Form 10-K until or before
May 14, 2016.  On March 30, 2016, the Company had retained new
legal counsel to file its Form 12b-25, and just recently retained
the services of Navigator.  The Company has been experiencing
complications in operating as a going concern due to the Raven/Mint
Litigation.

The Company has its shares listed on the OTCQB Marketplace operated
by the OTC Markets Group.  FINRA Rule 6530(e) prohibits brokers
from quoting the securities of a company that has failed to timely
file a required report three times in any 2-year period, or that
has had its securities removed from the OTC Bulletin Board
quotation service twice in a 2-year period for failing to file a
required report within 30 days of the filing deadline.  Once a
company's securities are prohibited from being quoted on the OTC
Bulletin Board the company must timely file all required reports
for a period of one year before it can regain eligibility.  The
late filing of the Company's annual report on Form 10-K might
result in the halting of trading of the Company's shares of common
stock, and might result in the Company being downgraded to shell
status, which in turn would result in restrictions on its common
stock and additional costs to the Company.

                     About Mint Leasing

Houston, Texas-based The Mint Leasing, Inc., is in the business of
leasing automobiles and fleet vehicles throughout the United
States.

Mint Leasing reported a net loss of $3.08 million in 2014,
following net income of $3.22 million in 2013.

As of Sept. 30, 2015, the Company had $11.1 million in total
assets, $13.3 million in total liabilities and a total
stockholders' deficit of $2.25 million.

                      Bankruptcy Warning

"We were notified on October 19, 2015, by Raven Asset-Based
Opportunity Fund I LP, the successor to MNH, that we were in
default of certain provisions of the Loan Agreement and Amended
Loan.  Specifically, Raven alleged that we were in default because
of (a) our failure to timely make certain monthly payments under
the note owed to Raven, (b) our failure to repay certain required
overadvances due under the note, (c) our creation of indebtedness
to third parties without the approval of Raven, and (d) other
alleged defaults.  At the same time, Raven declared a total amount
of approximately $7.0 million immediately due and payable under the
note (representing principal, interest, default interest and late
charges).  We have not paid Raven the amounts owed to date and do
not have sufficient available cash available to make such payments.
Notwithstanding the above, Raven has not yet taken any action to
enforce their security interests which they hold over substantially
all of our assets (notwithstanding their option to do that at any
time), and we and Raven are currently in discussions regarding the
entry into a forbearance agreement.  In the event we are unable to
agree to terms of a forbearance agreement with Raven, we may be
forced to seek bankruptcy protection and/or Raven may enforce its
securities interest, foreclose on our assets and take control and
ownership of substantially all of our assets in order to satisfy
amounts owed to Raven, any of which could result in the value of
our securities becoming worthless and/or us ceasing operations,"
the Company stated in its quarterly report for the period ended
Sept. 30, 2015.


MINT LEASING: First Amendment to TCA Global Credit Facility
-----------------------------------------------------------
The Mint Leasing North, Inc., and VJ Holdings, LLC, both of which
are related parties to The Mint Leasing, Inc., by virtue of the
Company's controlling shareholder, Jerry Parish's, beneficial
ownership in each entity, entered into a First Amendment to Credit
Agreement with TCA Global Credit Master Fund, LP, a Cayman Islands
limited partnership.  As disclosed in a regulatory filing with the
Securities and Exchange Commission, the First Amended Credit
Agreement amended the terms and conditions of the Credit Agreement
closed on Feb. 9, 2015.  The terms and conditions of the Credit
Agreement were disclosed on the Company Form 10-Q for the quarter
ending Sept. 30, 2015.  Unless otherwise amended in the First
Amended Credit Agreement, the Credit Agreement was ratified in all
respects.

Pursuant to the First Amended Credit Agreement, following the
partial prepayment by Jerry Parish in the amount of $500,000, the
parties ratified the amount due and owing to TCA under the Credit
Agreement and agreed to amend the maturity date of the Credit
Agreement to March 4, 2017.

In connection with and as consideration for the Advisory Fee under
the Credit Agreement, the Company had issued 1,739,130 shares of
restricted common stock (valued at the lowest weighted average
price per share of the Company's common stock on the five trading
days immediately prior to the execution date of the Credit
Agreement) to TCA, which number of shares was adjustable from time
to time, such that the total shares issued to and sold by TCA would
provide TCA an aggregate of $400,000 in value.  These shares were
referred to as the "Advisory Fee Shares" under the Credit
Agreement.  Pursuant to the First Amended Credit Agreement, TCA has
agreed to use its good faith and commercially reasonable efforts to
sell shares of its common stock in the principal trading market,
subject to any and all existing restrictions.  In the event TCA is
able to sell any of the Advisory Fee Shares, the net proceeds from
such sales shall be credited towards the $400,000 "Advisory Fee
Obligation," which is incorporated into the principal amount due
set forth above.  Upon payment of the Advisory Fee Obligation, the
balance of common stock issued to TCA shall be returned to the
Company's treasury.

TCA acknowledged in the First Amended Credit Agreement that the
Company had requested, and that TCA was amenable, to lending funds
to the Company, or an existing or future subsidiary of the Company,
in the principal amount of $2,000,000.  TCA recognized in the First
Amended Credit Agreement that such financing could not be
consummated at the time of execution because of a variety of
conditions precedent thereto having not been satisfied, including
(a) settlement or disposition of the Company's litigation with
Raven Asset-Based Opportunity Fund I, LP against the Company and
Mint North, and (b) finalization of an agreed upon vehicle
financing relationship with Nissan or a similarly situated
automobile manufacturer for the purchase and leasing of vehicles
through a recently formed subsidiary of the Company -- Mint Leasing
America, Inc., a Texas corporation.  It is anticipated that the
sole shareholder of Mint America will be Jerry Parish, or his
designee or assignee.  Mint America is a party to the MY2015 &
MY2016 Nissan Fleet Agreement dated April 3, 2016.

As a result of not being able to consummate new financing, TCA
agreed to deposit $2,000,000 into its counsel's escrow account.
These funds are not the property of the Company or Mint America,
and neither the Company nor Mint America have any lien rights over
the funds.  The funds were deposited merely as a show of good
faith.  Under the First Amended Credit Agreement, the Company
and/or Mint America have until September 4, 2016 to structure a
mutually agreeable structure and lending relationship for
deployment of the $2,000,000.  In the event the new financing is
not closed by Oct. 4, 2016, the escrowed funds shall be returned to
TCA.

In consideration for the First Amended Credit Agreement, Mint North
has agreed to pay TCA an additional advisory fee of $2,000,000.
The Company, and Jerry Parish and Susan Parish, have guaranteed
this fee.  The fee is due on the earlier of the revised maturity
date of March 4, 2017, or default under the First Amended Credit
Agreement.  The fee is due regardless of whether TCA proceeds with
the new financing addressed above.

                      About Mint Leasing

Houston, Texas-based The Mint Leasing, Inc., is in the business of
leasing automobiles and fleet vehicles throughout the United
States.

Mint Leasing reported a net loss of $3.08 million in 2014,
following net income of $3.22 million in 2013.

As of Sept. 30, 2015, the Company had $11.1 million in total
assets, $13.3 million in total liabilities and a total
stockholders' deficit of $2.25 million.

                      Bankruptcy Warning

"We were notified on October 19, 2015, by Raven Asset-Based
Opportunity Fund I LP, the successor to MNH, that we were in
default of certain provisions of the Loan Agreement and Amended
Loan.  Specifically, Raven alleged that we were in default because
of (a) our failure to timely make certain monthly payments under
the note owed to Raven, (b) our failure to repay certain required
overadvances due under the note, (c) our creation of indebtedness
to third parties without the approval of Raven, and (d) other
alleged defaults.  At the same time, Raven declared a total amount
of approximately $7.0 million immediately due and payable under the
note (representing principal, interest, default interest and late
charges).  We have not paid Raven the amounts owed to date and do
not have sufficient available cash available to make such payments.
Notwithstanding the above, Raven has not yet taken any action to
enforce their security interests which they hold over substantially
all of our assets (notwithstanding their option to do that at any
time), and we and Raven are currently in discussions regarding the
entry into a forbearance agreement.  In the event we are unable to
agree to terms of a forbearance agreement with Raven, we may be
forced to seek bankruptcy protection and/or Raven may enforce its
securities interest, foreclose on our assets and take control and
ownership of substantially all of our assets in order to satisfy
amounts owed to Raven, any of which could result in the value of
our securities becoming worthless and/or us ceasing operations,"
the Company stated in its quarterly report for the period ended
Sept. 30, 2015.


MINT LEASING: Mint America Signs Fleet Agreement with Nissan
------------------------------------------------------------
Mint America, a subsidiary of The Mint Leasing, Inc., and Nissan
entered into the MY2015 & MY2016 Nissan Fleet Agreement on April 3,
2016, according to a regulatory filing with the Securities and
Exchange Commission.  Under the terms of the Fleet Agreement,
Nissan has agreed to special incentives for Mint America to acquire
Nissan vehicles subject to certain discounted pricing.

                      About Mint Leasing

Houston, Texas-based The Mint Leasing, Inc., is in the business of
leasing automobiles and fleet vehicles throughout the United
States.

Mint Leasing reported a net loss of $3.08 million in 2014,
following net income of $3.22 million in 2013.

As of Sept. 30, 2015, the Company had $11.1 million in total
assets, $13.3 million in total liabilities and a total
stockholders' deficit of $2.25 million.

                      Bankruptcy Warning

"We were notified on October 19, 2015, by Raven Asset-Based
Opportunity Fund I LP, the successor to MNH, that we were in
default of certain provisions of the Loan Agreement and Amended
Loan.  Specifically, Raven alleged that we were in default because
of (a) our failure to timely make certain monthly payments under
the note owed to Raven, (b) our failure to repay certain required
overadvances due under the note, (c) our creation of indebtedness
to third parties without the approval of Raven, and (d) other
alleged defaults.  At the same time, Raven declared a total amount
of approximately $7.0 million immediately due and payable under the
note (representing principal, interest, default interest and late
charges).  We have not paid Raven the amounts owed to date and do
not have sufficient available cash available to make such payments.
Notwithstanding the above, Raven has not yet taken any action to
enforce their security interests which they hold over substantially
all of our assets (notwithstanding their option to do that at any
time), and we and Raven are currently in discussions regarding the
entry into a forbearance agreement.  In the event we are unable to
agree to terms of a forbearance agreement with Raven, we may be
forced to seek bankruptcy protection and/or Raven may enforce its
securities interest, foreclose on our assets and take control and
ownership of substantially all of our assets in order to satisfy
amounts owed to Raven, any of which could result in the value of
our securities becoming worthless and/or us ceasing operations,"
the Company stated in its quarterly report for the period ended
Sept. 30, 2015.


MINT LEASING: Taps Navigator to Prepare Financial Statements
------------------------------------------------------------
The Mint Leasing, Inc., disclosed in a regulatory filing with the
Securities and Exchange Commission that it engaged Navigator
Corporate Advisors, and its principal, Todd Bartlett, to prepare
financial statements, supporting notes to financial statements, and
other tasks in preparation and support for the Company's
independent public accountants.  Mr. Bartlett had been the contract
chief financial officer for the Company in 2015 through a
third-party vendor to the Company.  Mr. Bartlett resigned as
contract chief financial officer in December of 2015 for lack of
payment by the Company.  Mr. Bartlett has not released any claims
for payments associated with these past services.

The Company and Navigator agreed to a $10,000 engagement fee to be
paid upon execution; however, due to financial constraints and
other limitations, Navigator and the Company have agreed that
Navigator will be paid in due course in light of a litigation and
that the failure of the Company to pay the engagement fee does not
constitute a waiver of the engagement fee by Navigator.

                     About Mint Leasing

Houston, Texas-based The Mint Leasing, Inc., is in the business of
leasing automobiles and fleet vehicles throughout the United
States.

Mint Leasing reported a net loss of $3.08 million in 2014,
following net income of $3.22 million in 2013.

As of Sept. 30, 2015, the Company had $11.1 million in total
assets, $13.3 million in total liabilities and a total
stockholders' deficit of $2.25 million.

                      Bankruptcy Warning

"We were notified on October 19, 2015, by Raven Asset-Based
Opportunity Fund I LP, the successor to MNH, that we were in
default of certain provisions of the Loan Agreement and Amended
Loan.  Specifically, Raven alleged that we were in default because
of (a) our failure to timely make certain monthly payments under
the note owed to Raven, (b) our failure to repay certain required
overadvances due under the note, (c) our creation of indebtedness
to third parties without the approval of Raven, and (d) other
alleged defaults.  At the same time, Raven declared a total amount
of approximately $7.0 million immediately due and payable under the
note (representing principal, interest, default interest and late
charges).  We have not paid Raven the amounts owed to date and do
not have sufficient available cash available to make such payments.
Notwithstanding the above, Raven has not yet taken any action to
enforce their security interests which they hold over substantially
all of our assets (notwithstanding their option to do that at any
time), and we and Raven are currently in discussions regarding the
entry into a forbearance agreement.  In the event we are unable to
agree to terms of a forbearance agreement with Raven, we may be
forced to seek bankruptcy protection and/or Raven may enforce its
securities interest, foreclose on our assets and take control and
ownership of substantially all of our assets in order to satisfy
amounts owed to Raven, any of which could result in the value of
our securities becoming worthless and/or us ceasing operations,"
the Company stated in its quarterly report for the period ended
Sept. 30, 2015.


N-VIRO INTERNATIONAL: UHY LLP Expresses Going Concern Doubt
-----------------------------------------------------------
N-Viro International Corporation filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $2.27 million on $1.18 million of revenues for the year
ended Dec. 31, 2015, compared to a net loss of $1.76 million on
$1.33 million of revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, N-Viro had $812,000 in total assets, $2.56
million in total liabilities and a total stockholders' deficit of
$1.75 million.

UHY LLP, in Farmington Hills, Michigan, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company's recurring losses,
negative cash flow from operations and net working capital
deficiency raise substantial doubt about its ability to continue as
a going concern.

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

                     http://is.gd/Wo7yD9

                 About N-Viro International

Toledo, Ohio-based N-Viro International Corporation owns and
sometimes licenses various N-Viro processes and patented
technologies to treat and recycle wastewater and other bio-organic
wastes, utilizing certain alkaline and mineral by-products
produced by the cement, lime, electrical generation and other
industries.


NATIONAL FINANCIAL: Bank Debt Trades at 2% Off
----------------------------------------------
Participations in a syndicated loan under which National Financial
Partners is a borrower traded in the secondary market at 97.52
cents-on-the-dollar during the week ended Friday, April 8, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.17 percentage points from the
previous week.  National Financial pays 350 basis points above
LIBOR to borrow under the $1.032 billion facility. The bank loan
matures on July 24, 2020 and carries Moody's B1 rating and Standard
& Poor's B rating.  The loan is one of the biggest gainers and
losers among 247 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended April 8.


NBTY INC: Moody's Assigns B1 Rating to Proposed Term Loans
----------------------------------------------------------
Moody's Investors Service assigned B1 ratings to NBTY, Inc.'s
proposed senior secured term loans, consisting of a $1.400 billion
U.S. tranche and GBP300 million tranche, and assigned a Caa1 rating
on the company's proposed $1.075 billion senior unsecured notes.
Moody's also assigned to NBTY a Speculative Grade Liquidity Rating
of SGL-2. The B2 Corporate Family and B2-PD Probability of Default
Ratings of NBTY's parent company, Alphabet Holding Company, Inc.
("Alphabet Holding"), were affirmed. The ratings outlook was
revised to stable from negative.

Concurrently, Moody's affirmed NBTY's existing secured term loan at
Ba3 rating and its unsecured notes at B3, and affirmed the Caa1
rating on Alphabet Holdings' existing unsecured notes.

Proceeds from the proposed term loans and notes, along with around
$200 million of borrowing under a proposed $400 million asset-based
revolver ("ABL") and $125 million of balance sheet cash, will be
used to refinance all existing debt at NBTY and Alphabet Holdings.
The assigned ratings are contingent upon closing of the transaction
and review of final documentation.

The following ratings were assigned:

NBTY, Inc.

-- $1.400 billion senior secured term loan due 2023 assigned B1
   (LGD 3);

-- GBP300 million (approximately $425 million) senior secured term

   loan due 2023 assigned B1 (LGD 3);

-- $1.075 million senior unsecured notes due 2021 assigned Caa1
   (LGD 5);

-- Speculative Grade Liquidity Rating at SGL-2

The following ratings were affirmed and will be withdrawn upon
completion of the refinancing, as they are being moved to NBTY,
Inc.:

Alphabet Holding Company, Inc.

-- Corporate Family Rating affirmed at B2;

-- Probability of Default Rating affirmed at B2-PD;

The following ratings were affirmed and will be withdrawn upon
completion of the refinancing:

Alphabet Holding Company, Inc.

-- Senior unsecured notes due November 2017 at Caa1 (LGD 5)
   NBTY, Inc.

-- Senior secured bank credit facilities due October 2017 at Ba3
   (LGD 2)

-- Senior unsecured notes due October 2018 at B3 (LGD 4)

Outlook Actions:

-- Ratings outlook changed to stable from negative

RATINGS RATIONALE

"The outlook change to stable reflects the company's improved
liquidity profile due to the extension of its debt maturities as
part of the proposed refinancing transaction," stated Moody's
analyst, Mike Zuccaro. "While the company's credit metrics are
weak, we expect improvement over time as the company focuses on
profitable growth in its core branded consumer product portfolio
and Holland & Barrett retail stores, as well as debt reduction."

Alphabet Holdings' B2 Corporate Family Rating reflects its high
leverage with proforma lease-adjusted debt to EBITDA of about 6.5
times and its modest interest coverage with EBIT to interest
expense of around 1.4 times, stemming from its aggressive financial
policies. The rating also reflects recent performance volatility,
that has shown improvement over the past several quarters, and
potential business risks related to adverse publicity and product
recalls that can occur in the industry from time-to-time.

The rating is supported by NBTY's portfolio of well-known brands,
geographic and channel diversification, as well as the growth
potential of the vitamin, mineral, and nutritional supplement
("VMNS") industry due to an increasing number of Americans over the
age of 50. Liquidity is good, supported by balance sheet cash,
positive free cash flow and excess revolver availability.

The SGL-2 Speculative Grade Liquidity Rating reflects NBTY's good
liquidity profile and assumes the proposed refinancing is completed
in a timely manner with the terms as proposed. Moody's expects that
balance sheet cash, free cash flow and excess availability under
the proposed $400 million ABL will be more than sufficient to cover
cash needs over the next twelve months. The proposed ABL will
contain a springing minimum fixed charge coverage covenant tested
when availability falls below certain levels. The proposed term
loans will not contain financial maintenance covenants.

The B1 ratings assigned to NBTY's proposed senior secured term
loans reflect the first priority lien on substantially all assets
of the company except cash, accounts receivable and inventory, on
which it will have a second lien behind the proposed $400 million
ABL revolver. The Caa1 rating on the proposed senior unsecured
notes reflect the junior position to the sizeable amount of secured
debt in the capital structure.

The stable outlook reflects Moody's expectation that the company's
focus on its core branded consumer product portfolio and Holland &
Barrett retail stores will lead to profitable growth that, when
coupled with positive free cash flow and debt reduction, will lead
to credit metric improvement over the next 12-18 months. The
outlook also assumes that the company successfully completes the
refinancing transaction well ahead of existing obligations becoming
current in September 2016.

Ratings could be downgraded if operating performance were to
weaken, liquidity falter or the company make a sizable debt
financed acquisition or material shareholder friendly distribution.
Specific metrics include lease-adjusted debt to EBITDA remaining
above 6.5 times or EBIT to interest expense below 1.5 times on a
sustained basis.

Ratings could be upgraded should NBTY's operating performance
improve such that lease-adjusted debt to EBITDA is maintained below
5.25 times. In addition, an upgrade would require the company to
maintain good liquidity and financial policies that would support
this level of leverage. The degree of any ratings improvement,
however, is constrained by the company's relatively small scale,
the potential for volatility given its focus on the VMNS industry,
and its aggressive financial policies.

NBTY, Inc., headquartered in Ronkonkoma, NY, is a leading global
vertically-integrated manufacturer, marketer, and retailer of
vitamin, mineral, and nutritional supplements ("VMNS") in the
United States and throughout the world. The company operated 1,088
stores in Europe (Holland & Barrett, GNC, De Tuinen, Essenza) as of
December 31, 2015. It also is a wholesale supplier of private label
and branded VMNS products, such as Nature's Bounty, Sundown, Pure
Protein, Met-Rx, and Ester-C, to major retailers in the US.
Proforma revenues exceed $3 billion. NBTY is a subsidiary of
Alphabet Holding Company, Inc. who is owned by The Carlyle Group.



NEIMAN MARCUS: Bank Debt Trades at 7% Off
-----------------------------------------
Participations in a syndicated loan under which Neiman Marcus Group
Inc is a borrower traded in the secondary market at 92.58
cents-on-the-dollar during the week ended Friday, April 8, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.30 percentage points from the
previous week.  Neiman Marcus pays 300 basis points above LIBOR to
borrow under the $2.9 billion facility. The bank loan matures on
Oct. 16, 2020 and carries Moody's B2 rating and Standard & Poor's
B- rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended April 8.



NET ELEMENT: Board Rescinds Stock Option Awards to CFO & CLO
------------------------------------------------------------
The compensation committee of the Board of Directors of Net
Element, Inc. rescinded 391,667 incentive stock options to purchase
shares of Company common stock previously awarded to Jonathan New,
the chief financial officer of the Company, and 1,200,000 incentive
stock options to purchase shares of Company common stock previously
awarded to Steven Wolberg, the chief legal officer of the Company.
As disclosed in a regulatory filing with the Securities and
Exchange Commission, those options were inadvertently granted in
excess of the limitation on individual grants of stock options
during any 12-month period set forth in Section 13.5 of the Plan.

                      About Net Element

Miami, Fla.-based Net Element International, Inc., formerly Net
Element, Inc., currently operates several online media Web sites
in the film, auto racing and emerging music talent markets.

Net Element reported a net loss of $13.3 million on $40.2 million
of total revenues for the year ended Dec. 31, 2015, compared to a
net loss of $10.21 million on $21.4 million of total revenues for
the year ended Dec. 31, 2014.  As of Dec. 31, 2015, the Company had
$22.9 million in total assets, $13.9 million in total liabilities
and $9.04 million in total stockholders' equity.

Daszkal Bolton LLP, in Fort Lauderdale, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has sustained
recurring losses from operations and has working capital and
accumulated deficits that raise substantial doubt about its ability
to continue as a going concern.


NET ELEMENT: Kenges Rakishev Reports 18.3% Stake as of April 8
--------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Kenges Rakishev reported that as of April 8, 2016, he
beneficially owns 21,986,049 shares of common stock of Net Element,
Inc., representing 18.3 percent of the shares outstanding.

Effective as of April 8, 2016, Novatus Holding PTE. Ltd.
transferred all of the 7,320,751 shares of Common Stock held
directly by Novatus to Mr. Rakishev for no consideration.

On April 14, 2016, Mr. Rakishev entered into an amendment to the
Second Investment Agreement with the Issuer, pursuant to which, Mr.
Rakishev and the Issuer agreed to extend the time period for
obtaining Stockholder Approval from 120 days following the date of
the Second Investment Agreement to 180 days following the date of
the Second Investment Agreement.

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

                        http://is.gd/NLmFoF

                         About Net Element

Miami, Fla.-based Net Element International, Inc., formerly Net
Element, Inc., currently operates several online media Web sites
in the film, auto racing and emerging music talent markets.

Net Element reported a net loss of $13.3 million on $40.2 million
of total revenues for the year ended Dec. 31, 2015, compared to a
net loss of $10.21 million on $21.4 million of total revenues for
the year ended Dec. 31, 2014.  As of Dec. 31, 2015, the Company had
$22.9 million in total assets, $13.9 million in total liabilities
and $9.04 million in total stockholders' equity.

Daszkal Bolton LLP, in Fort Lauderdale, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has sustained
recurring losses from operations and has working capital and
accumulated deficits that raise substantial doubt about its ability
to continue as a going concern.


NET ELEMENT: Signs First Amendment to Director Letter Agreement
---------------------------------------------------------------
Net Element, Inc., entered into an Amendment No. 1 to the Second
Additional Letter Agreement with Kenges Rakishev, an accredited
investor.  Mr. Rakishev is a director of the Company.  The
Amendment No. 1 extended the deadline from 120 days to 180 days
from the date of Second Additional Agreement for the Company to
obtain the Company's stockholders approval of the issuance of
Restricted Shares and the Restricted Options.

Pursuant to the Second Additional Letter Agreement, as amended by
the Amendment No. 1, in the event that the Stockholders Approval is
not obtained within 180 days from the original date Second
Additional Agreement, the Investor and the Company agreed that at
the Investor's election, (i) the purchase price for the Restricted
Shares and the Restricted Options will be automatically amended to
be equal to the product of (x) 4,664,275 and (y) the sum of $0.1951
and $0.125, in which case the Investor will have paid to the
Company the difference between such price and the previously paid
purchase price for the Restricted Shares and the Restricted
Options, (ii) the number of Restricted Shares and the Restricted
Options issuable to the Investor will be adjusted to be equal to
the quotient determined by dividing (I) $910,000 by (II) $0.3201,
or (iii) the Restricted Options will not be issued and the Investor
will be issued the number of Restricted Shares calculated on the
basis of $0.1951 per share purchase price.

                        About Net Element

Miami, Fla.-based Net Element International, Inc., formerly Net
Element, Inc., currently operates several online media Web sites
in the film, auto racing and emerging music talent markets.

Net Element reported a net loss of $13.3 million on $40.2 million
of total revenues for the year ended Dec. 31, 2015, compared to a
net loss of $10.21 million on $21.4 million of total revenues for
the year ended Dec. 31, 2014.  As of Dec. 31, 2015, the Company had
$22.9 million in total assets, $13.9 million in total liabilities
and $9.04 million in total stockholders' equity.

Daszkal Bolton LLP, in Fort Lauderdale, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has sustained
recurring losses from operations and has working capital and
accumulated deficits that raise substantial doubt about its ability
to continue as a going concern.


NEWBURY COMMON: Hires Keen-Summit as Real Estate Broker
-------------------------------------------------------
Newbury Common Associates, LLC, et al., seek authority from the
U.S. Bankruptcy Court for the District of Delaware to employ
Keen-Summit Capital Partners LLC, Savills Studley, Inc., and FTI
Consulting Realty LLC as real estate broker to the Debtors, nunc
pro tunc to March 31, 2016.

Newbury Common requires Keen-Summit to:

   a. meet with the Debtors’ representatives to ascertain the
      Debtors’ goals, objectives, and financial parameters;

   b. develop a marketing plan for the Real Properties and
      solicit offers therefor;

   c. evaluate, structure, negotiate, and implement the terms and
      conditions of a proposed sale of the Real Properties; and

   d. if an auction format is selected, develop and implement an
      auction plan, including arranging auction logistics,
      assisting Debtors’ counsel with auction bid procedures,
      assisting the  Debtors  to qualify bidders, and running the
      auction at the offices of Young Conaway Stargatt & Taylor,
      LLP or such other location that may be designated by the
      Debtors.

Keen-Summit will be paid at these hourly rates:

   a. Marketing Fee. If and when the Debtors close the Stalking
      Horse Transaction, then, in that event, the Broker shall
      have earned a fee of five hundred thousand dollars
      ($500,000) for its services, payable in full, off the top,
      as a carve-out, from the first Gross Proceeds of the
      Transaction.

   b. Transaction Fee. In all instances other than a Stalking
      Horse Transaction, as and when the Debtors close a
      Transaction, whether  such Transaction is completed
      individually or as part of a package, as part of a
      transaction that effects a transfer of the ownership in the
      property or as part of a plan of reorganization, then the
      Broker shall have earned compensation per Transaction equal
      to one and one-half percent (1.5%) of the first
      $141,000,000 of cumulative Gross Proceeds (i.e., the
      aggregate of all Gross Proceeds of all Transactions
      relating to all Properties) plus two percent (2%) of
      cumulative Gross Proceeds in excess of $141,000,000 of
      cumulative Gross Proceeds.

   c. Credit Bid Fee: In the event the mortgagee of a Real
      Property acquires such Property by means of a credit bid,
      then the Broker shall have earned a Credit Bid Fee of
      $50,000 in lieu of the Transactional Fee, payable in cash
      at the closing by the credit bidding mortgagee.

   d. Timing of Payment. All Transaction Fees shall be paid, in
      full, off the top, as a carve-out from the Transaction
      proceeds or otherwise, within one (1) business day
      following the closing or other consummation of each
      Transaction.

   e. Survival: In the event the Debtors and any third party
      should enter into an agreement providing for a Transaction
      before the expiration of the Retention Agreement and the
      closing does not occur until after said expiration, then
      the Broker shall be entitled to a Transaction Fee in
      accordance with the terms of the Retention Agreement. If
      the Debtors, after the expiration of the Retention
      Agreement, arrange for a Transaction with a third party
      whom the Broker solicited or otherwise introduced to a Real
      Property or introduced to the Debtors or with whom the
      Broker dealt in connection with a Real Property or the
      Debtors prior to said expiration, in each case as evidenced
      by the last contact list provided to the Debtors by Broker
      prior to the expiration of the Retention Agreement, and the
      Transaction closing takes place within six (6) months after
      said expiration, then Broker shall be entitled to a
      Transaction Fee in accordance with the terms of the
      Retention Agreement.

   f. Litigation Support and Related Consulting Services and
      Fees: Company shall pay Broker on an hourly basis, at its
      then prevailing hourly rates, for its time, including
      travel time, in connection with (i) litigation support,
      (ii) time spent as a witness in connection with any
      contested matter, and/or (iii) time spent providing any
      real estate consulting services that are beyond the scope
      of the Retention Agreement and are expressly requested in
      writing by the Debtors. Broker will not maintain time
      records on a project category basis, but rather will
      maintain time records on a general, daily basis and in
      increments of one-half hour. Notwithstanding the foregoing,
      the first ten (10) hours of the Broker’s time incurred
      under this section shall not be separately charged.
      Additionally, the Broker will submit for the Debtors’
      advance approval a written estimate of any services
      proposed to be performed on an hourly basis.

   g. Expenses: (A) All reasonable out of pocket costs and
      expenses incurred by the Broker in connection with
      performing the services required by the Retention
      Agreement, including but not limited to travel, lodging,
      FedEx, postage, telephone charges, photocopying charges,
      and the fees and reasonable expenses of counsel, etc.,
      shall be paid by the Broker, as an advance for the benefit
      of the Debtors, and borne by the Debtors to be reimbursed
      out of the proceeds of the closing or other consummation of
      each Transaction; (B) with regards to the marketing of the
      Properties, the Broker shall prepare a marketing plan and
      budget for the Debtors’ review and approval. The Broker
      shall be under no obligation to incur  marketing expenses
      until such time as the Debtors have reviewed and approved
      the marketing budget; and (C) The Broker shall not be
      responsible for any out-of-pocket due diligence costs and
      expenses, if any, including but not limited to updating
      appraisals, title reports, surveys, environmental reports,
      property condition assessments, etc. Any expenses in excess
      of $500 will be pre-approved by the Debtors.

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

Harold Bordwin, principal of Keen-Summit Capital Partners LLC,
assured the court that the firms are a "disinterested persons" 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.

Keen-Summit can be reached at:

    Harold Bordwin
    KEEN-SUMMIT CAPITAL PARTNERS LLC
    Tel: (646) 381-9222
    E-mail: hbordwin@keen-summit.com

                             About Newbury Common

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: Proposes June 20 Auction for 9 Properties
---------------------------------------------------------
Newbury Common Associates, LLC, and certain of its debtor
affiliates ask the U.S. Bankruptcy Court to approve procedures
governing the bidding and sale for nine commercial real properties
and personal property.

The Debtors have developed a Bidding Procedures that allow
potential purchasers with maximum flexibility in proposing an
acquisition transaction, which can take the form of, among other
things, a sale under Section 363 of the Bankruptcy Code, with or
without a credit bid, and including a "free and clear" sale, as
well as to propose a transaction through a Chapter 11 plan, and
allowing potential purchasers the flexibility to propose an
acquisition of a single Property or a combination of multiple
Properties in a single bid.  

According to the Debtors, they have already obtained the interest
of at least one investor, Ares US Real Estate VIII Management LLC,
and certain of its affiliates, which provided the Debtors with a
non-binding letter of intent to acquire the Debtors' eight
fully-developed and operating Properties for $141 million -- an
amount that would satisfy the obligations that the Debtors believe
they owe to all mortgage holders on those Properties and leave
excess funds for distribution to other stakeholders while the
Debtors are just beginning their sales process.  

The Debtors also relate that that an affiliate of Ares, AREG Wedge
Portfolio LLC, has agreed to provide the Debtors with
debtor-in-possession financing that is junior to the existing
mortgage lenders, and has agreed to make $1 million available on an
interim basis, with an additional $3 million available upon the
satisfaction of certain conditions, including conditions related to
due diligence on the potential acquisition transaction, and final
approve of the DIP.  

The Debtors assert that it would further the goal of maximizing the
value of the Properties to designate one or more parties to serve
as a stalking horse purchaser for the sale of the Properties and
grant a Stalking Horse Purchaser one or more of a break-up fee,
expense reimbursement, or other bid protections.  As such, the
Debtors assert that Ares has indicated its desire to serve as a
Stalking Horse Purchaser for the eight Properties identified in its
letter of intent for which the Debtors have committed to seek
authority to name Ares as a Stalking Horse Purchaser, in accordance
with the terms of the proposed $4,000,000 Senior Secured Super
Priority Debtor in Possession Facility and a definitive purchase
and sale agreement to be negotiated with Ares, upon completion of
an inspection period and satisfaction or waiver of all conditions
to the Ares Contract being firm and binding.

The Key provisions of the Bidding Procedures are, among other
things:

   a. The Bidding Procedures propose a Bid Deadline of June 15,
2016, but parties interested in submitting a bid for one or more
Properties are encouraged to qualify as soon as possible because
the Bidding Procedures do not permit any due diligence conditions
in Qualifying Bids.

   b. The aggregate consideration proposed by the Qualifying Bidder
must equal or exceed the sum of the amount of the purchase price
under the Stalking Horse Agreement, plus any break-up fee, expense
reimbursement, or other bid protection provided under the Stalking
Horse Agreement, plus the greater of $250,000 or 2% of the purchase
price under the Stalking Horse Agreement.

   c. A good faith cash deposit in an amount equal to ten percent
(10%) of the cash purchase price to be paid under the proposed
Transaction Agreement or in the event of a transaction proposed to
be implemented through a Plan, the aggregate amount of mortgage
indebtedness against the subject Property(ies), to be deposited,
prior to the Final Bid Deadline, provided, that in no event shall
the Deposit exceed the amount of $4,230,000 for any Qualifying
Bidder.

   d. The Auction shall be held on June 20, 2016 where Bidding on
any lot of Assets shall commence at the amount of the Baseline Bid,
and the Auction Bidders may submit successive bids in increments of
at least the greater of $100,000 and 1% of the Baseline Bid.

   e. The Sale Hearing to approve the Successful Bid(s) and any
Back-Up Bid(s) or the Stalking Horse Agreement(s) shall take place
on June 29, 2016.

A hearing to consider the Sale Motion will be held on April 29,
2016, and any objections to the relief requested must be filed on
or before April 12, 2016.

Newbury Common Associates, LLC, et al. 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
     Email: rbrady@ycst.com
            sgreecher@ycst.com
            mkandestin@ycst.com
            ejustison@ycst.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: U.S. Bank Wants Stay Lifted to Pursue Foreclosure
-----------------------------------------------------------------
U.S. Bank National Association, as Trustee for the Registered
Holders of Greenwich Capital Commercial Funding Corp., Commercial
Mortgage Trust 2007-GG9, Commercial Mortgage Pass-Through
Certificates, Series 2007-GG9, acting by and through its Special
Servicer LNR Partners, LLC, asks the U.S. Bankruptcy Court to lift
the automatic stay imposed in the Chapter 11 cases of Newbury
Common Associates, LLC, et al., to allow it to proceed with a
foreclosure action.

The Lender asserts that the 300 Main Street Associates, LLP's case
is a single asset real estate case considering that the Debtor 300
Main has only one asset, namely its real Property located at 300
Main Street, in Stamford, Connecticut, and few creditors other than
the Lender and a junior mortgage holder, First County Bank, holding
a $2,000,000 loan.

According to the Lender, the Debtor 300 Main is the borrower under
a loan held by the Lender, whereby repayment of the loan is secured
by a mortgage on the Property which is an office building in
Stamford, Connecticut, and according to pleadings filed by the
Debtor in connection with applications to use cash collateral, the
Property generates rents of approximately $115,000 per month. Prior
to the filing of the Bankruptcy Case, the Lender had commenced a
Foreclosure Action in the Connecticut state court to foreclose on
the Property for as of the Petition Date, the Lender is owed at
least $13,774,864 of which $11,500,000 is the unpaid principal
balance, the Lender further states.

Furthermore, the Lender asserts that the Debtor, nor the owners or
investors, have presented persuasive evidence that there is equity
to be preserved as of their discussion of the sale process for the
Property because based on the appraised value of the Property which
is $11,650,000, the sale proceeds will be insufficient to pay the
Loan in full -- the Lender is owed in excess of $13,700,000.

Likewise, the Lender alleges that assuming the Debtor proposes a
Plan, the Debtor must obtain the acceptance of at least one class
of impaired claims in order to satisfy Section 1129(a)(10) to
confirm such Plan. But according to the Lender, it would reject any
Plan that seeks to pay less than the full amount of its secured
claim -- with a claim amount of $13,774,864, and an appraised value
of $11,650,000, the Lender would appear to have a deficiency claim
of $2,124,8645. In addition, the Lender would also vote “no” on
any Plan that seeks to pay unsecured creditors less than the full
amount of unsecured claims, including interest -- First County
appears to have an unsecured claim of approximately $2,000,000.

Therefore, the Lender asserts that while the Lender will prosecute
the Foreclosure Action if stay relief is granted the inevitability
of the foreclosure after nine months of non-payment, diversion of
rents and unpaid real estate taxes cannot be deemed to be the
source of “great prejudice” to the Debtor or its Estate but
rather, the Lender will be greatly prejudiced if it is further
delayed from pursuing its contractual remedies.

The Lender is represented by:

    Kate Roggio Buck, Esq.
    McCARTER & ENGLISH, LLP
    Renaissance Centre
    405 N. King Street, 8th Floor
    Wilmington, Delaware 19801
    Telephone: (302) 984-6300
    Facsimile: (302) 984-6399
    Email: kbuck@mccarter.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.


NGPL PIPECO: Moody's Puts Caa2 Ratings on Review for Upgrade
------------------------------------------------------------
Moody's Investors Service placed the ratings of NGPL PipeCo. LLC
(NGPL) on review for upgrade, including the Caa2 Corporate Family
Rating and long-term senior secured debt. NGPL's speculative grade
liquidity rating (SGL) was changed to SGL-3, given prospects for an
improved liquidity profile over the near-term.

Changed:

-- Speculative Grade Liquidity Rating, Changed to SGL-3 from
    SGL-4

On Review for Upgrade:

-- Probability of Default Rating, Placed on Review for Upgrade,
    currently Caa2-PD

-- Corporate Family Rating , Placed on Review for Upgrade,
    currently Caa2

-- Senior Secured Bank Credit Facility, Placed on Review for
    Upgrade, currently Caa2

-- Senior Secured Regular Bond/Debenture, Placed on Review for
    Upgrade, currently Caa2

Outlook Actions:

-- Outlook, Changed To Rating Under Review From Negative

RATINGS RATIONALE

The review of NGPL's ratings is prompted by the pipeline company's
new ownership, and their plans to imminently restructure the
balance sheet and eliminate any lingering liquidity issues. Prior
to the ownership change, NGPL was carrying an untenable capital
structure, and faced a high likelihood of a covenant default and/or
other event of default. Moody's expects the owners to take
corrective action soon, since NGPL's financial covenants require
the company to issue un-qualified audited financial statements, and
meet leverage thresholds, by 29 April.

"An improved balance sheet could result in a multi-notch upgrade
because we think the new owners will take sufficient action to
stabilize NGPL and improve cash flow," said Ryan Wobbrock, Vice
President -- Senior Analyst.

The review will focus on the joint venture owners' restructuring of
NGPL's capital structure, including the potential for debt
reduction and corresponding impacts on pro forma principal and
interest payments, covenant headroom and financial metrics.

NGPL's credit profile over the last several years has been hampered
by too much debt and insufficient cash sources to support
semi-annual debt service payments of around $115 million. The
underlying interstate pipeline asset has substantial value as the
primary supplier of natural gas to Chicago, Illinois, and would
otherwise be rated higher, if not for the liquidity constraints.

The SGL-3 rating for NGPL reflects our expectation that a reduced
debt burden will increase internal liquidity through the relief of
some debt service obligations as well as provide some headroom
under its 9.5x leverage covenant.

Headquartered in Houston, Texas, NGPL PipeCo. LLC owns the Natural
Gas Pipeline Company of America. It is a joint venture between
Kinder Morgan Inc. and Brookfield Infrastructure Partners.


NORTHWEST TERRITORIAL: U.S. Trustee Forms 7-Member Committee
------------------------------------------------------------
Gail Brehm Geiger, acting U.S. trustee for Region 18, on April 15
appointed seven creditors of Northwest Territorial Mint LLC to
serve on the official committee of unsecured creditors.

The committee members are:

     (1) Larry Chiappellone
         Phone: 707-996-7002

     (2) William L. Hanson, Co-Chairperson
         Phone: 253-380-9922

     (3) David L James, Co-Chairperson
         Phone: 541-350-1054

     (4) Richard H. Pehl and Paula Pehl
         Phone: 865-414-5434
         Email: dickpehl@yahoo.com

     (5) Thomas Seip
         Phone: 602-571-9014
         Email: seipfamily@cox.net

     (6) Donald M. Wright, DDS
         Phone: 425-442-3958
         Email: dwrightdds@outlook.com
         
     (7) Young deNormandie PC
         Represented by John G. Young
         Phone: 206-628-6660
         Email: jyoung@williamskastner.com

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                   About Northwest Territorial

Northwest Territorial Mint LLC sought protection under Chapter 11
of the Bankruptcy Code in the U.S. Bankruptcy Court for the Western
District of Washington (Seattle) (Case No. 16-11767) on April 1,
2016.  

The petition was signed by Ross B. Hansen, member. The case is
assigned to Judge Christopher M. Alston. The Debtor is represented
by J. Todd Tracy, Esq., at The Tracy Law Group PLLC.

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


PALMAZ SCIENTIFIC: April 19 Final Hearing on Vactronix Financing
----------------------------------------------------------------
Judge Craig A. Gargotta will convene a hearing on April 19, 2016,
at 9:00 a.m. to consider final approval of Palmaz Scientific Inc.,
et al.'s motion to obtain postpetition financing from VACTRONIX
Scientific, Inc., and use their prepetition lenders' cash
collateral.

The Court on April 6, 2016 entered a second interim order
authorizing the Debtors to obtain financing pending a final
hearing.  The judge entered the interim orders following hearings
on March 8, 2016 and on April 5, 2016.

The First Interim Order authorized the Debtors to borrow up to the
aggregate amount of $532,250.  The Second Interim Order authorizes
the Debtors to borrow up to the aggregate amount of $150,000.

Parties who have filed objections to the DIP Financing Motion
didn't oppose the entry of a Second Interim Order.

                           DIP Financing

As reported in the March 9, 2016 edition of the TCR, Palmaz
Scientific has arranged $2,000,000 of DIP financing from Vactronix
Scientific.   Loans under the DIP Facility will accrue interest at
the rate of 10% (increasing to 14% upon an Event of Default) per
annum with all interest due and payable on the maturity date of the
DIP Facility.

The DIP Facility will mature on the earliest of:

    (a) the later of (1) 120 days after the first advance under
        the DIP Facility and (2) 60 days after a disclosure
        statement has been approved by the Bankruptcy Court;

    (b) the closing and funding of a sale of all or substantially

        all of the Borrower's property and assets whether pursuant

        to a sale or a confirmation order under Section 1129 of
        the Bankruptcy Code;

    (c) the effective date of any confirmed Chapter 11 plan of
        Borrower;

    (d) the date on which all amounts under the DIP Facility
        shall become due and payable in accordance with the Loan
        Documents; or

    (e) the date the Borrower pays the DIP Lender all amounts
        under the DIP Facility in full and terminates the DIP
        Facility.

As of the Petition Date, the aggregate amount of secured
prepetition indebtedness was no less than $12,500,000.  Julio
Palmaz and Oak Court Partners are the Debtors' prepetition secured
parties.

                    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.

On March 30, 2016, the U.S. Trustee formed and appointed the
Official Committee of Unsecured Creditors.  The Committee tapped
Andrews Kurth LLP as counsel.

                          *     *     *

The Debtors have arranged $2 million of postpetition financing from
VACTRONIX Scientific, Inc., an entity controlled by an insider of
the Debtors.  

During the 11 U.S.C. Sec. 341 meeting of creditors, the Debtors
revealed a stalking horse offer from Vactronix which contemplated
that the related-party allegedly secured creditors would convert
their debt to some amount of equity in the purchaser.


PALMAZ SCIENTIFIC: Gerbsman Performance Fee Questioned
------------------------------------------------------
Judy A. Robbins, the United States Trustee for Region 7, is asking
the Bankruptcy Court to deny Palmaz Scientific Inc., et al.'s
application to employ Gerbsman Partners as investment banker for
reasons that the Debtors have not provided any evidence that the
compensation structure is reasonable and the requested compensation
schedule may chill bidding for the Debtors' assets.

"The Application provides that Gerbsman will be entitled to
$140,000, plus expenses, plus a performance fee.  The Performance
Fee is calculated as 10 percent of the first $1 million, 8 percent
of the next $1 million, 6 percent of the transaction value between
$2 and $3 million dollars, and 5 percent for every dollar of
transaction value above $3 million.  The employment agreement
provides that expenses will be limited to $10,000 for travel."

"The Transaction fee is limited to $100,000 under certain
circumstances, but the language in the Application is ambiguous.
The Application seems to say that Gerbsman only receives a $100,000
Performance Fee if the purchaser is at least 30 percent owned by
current creditors of the Debtors or affiliates of current creditors
of the Debtors.  The Application then, however states that if an
investor or investment group identified by Gerbsman Partners on the
undefined "Deal Tracker" invests with certain creditors or their
affiliates, Gerbsman will earn the Performance Fee in "2(b)
above."

"This language in paragraph 16 appears to suggest that if Gerbsman
Partners finds a buyer that teams up with certain creditors, it
receives the whole Performance Fee.  But then to clarify, the
Application at paragraph 17 states "if any existing creditors or
their affiliates invests a minimum of 30% with an investment group
identified and qualified by the Client, then Gerbsman Partners will
only earn a $100,000 Performance Fee.  The Debtors never explain
the reason for the 30 percent threshold or what the language at the
end of paragraph 16 means."

"The Application also does not explain why $140,000 is a reasonable
retainer.  The Application does not explain why the Performance Fee
calculation is reasonable.  The Application does not state why the
retainer is not credited against the Performance Fee," the U.S.
Trustee said in its objection to the Application.

The Official Committee of Unsecured Creditors appointed in the
Debtors' cases joined in the U.S. Trustee's objection.

John B. Foster and the Hickman Investors also filed an objection.
They said that while they do not oppose an appropriate Performance
Fee being paid to Gerbsman in connection with a transaction with an
entirely unrelated purchaser or in connection with a sale to any
party which is the product of a truly competitive auction, they
oppose to the payment to Gerbsman of a Performance Fee even if the
Debtors' insiders are the successful bidder at a non-competitive
auction.

                    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.

On March 30, 2016, the U.S. Trustee formed and appointed the
Official Committee of Unsecured Creditors.  The Committee tapped
Andrews Kurth LLP as counsel.

                          *     *     *

The Debtors have arranged $2 million of postpetition financing from
VACTRONIX Scientific, Inc., an entity controlled by an insider of
the Debtors.  

During the 11 U.S.C. Sec. 341 meeting of creditors, the Debtors
revealed a stalking horse offer from Vactronix which contemplated
that the related-party allegedly secured creditors would convert
their debt to some amount of equity in the purchaser.


PALMAZ SCIENTIFIC: Parties Question $2M Loan From Insider
---------------------------------------------------------
Various parties have filed objections to Palmaz Scientific Inc., et
al.'s motion to obtain up to $2 million of postpetition financing
from VACTRONIX Scientific, Inc., an entity controlled by an insider
of the Debtors.

Parties in interest Brad Hickman, Bradley Hickman, Clifton Hickman,
Brenda Kostohryz, Keely Kostohryz, Margaret Lane, and John Foster
raised oral objections at the March 8, 2016 and April 5, 2016
hearings on the Motion.  The United States Trustee and the Official
Committee of Unsecured Creditors also raised objections to the
Motion at the April 5, 2016 hearing on the Motion.  The Objectors
also filed written objections to the Motion.  A final hearing on
the Motion is scheduled for April 19.

The U.S. Trustee argues, among other things, that the Debtors
should not be allowed to stipulate to the validity, priority, or
extent of any of the pre-petition lender's liens because the DIP
lender and the prepetition secured lenders are closely related to
recent directors and management of the Debtors.  The U.S. Trustee
noted that:

   * The Debtors' prepetition secured debt is owned by either Julio
Palmaz or Oak Court Partners, Ltd.

   * Affiliates of Dr. Palmaz own a majority interest in Oak Court
Partners and that Oak Court Partners is also a shareholder of
Palmaz Scientific and indirectly owns Vactronix Scientific, the
proposed lender under the DIP facility.

   * Until the date of filing of this bankruptcy case, Julio Palmaz
was a director of Palmaz Scientific.

   * Julio Palmaz, MD & Affiliates own 7,750,172 Common and Series
A shares of stock in Palmaz Scientific.

   * Until March 3, 2016, John Asel was a Director and Chief
Financial Officer of the debtor.

   * According to the List of Equity Security Holders, Mr. Asel
owns 50,000 shares of stock in Palmaz Scientific.

   * Mr. Asel was proffered for a deposition as the representative
of Vactronix, the proposed DIP Lender and expected stalking horse
bidder.

John B. Foster and the Hickman Investors raised the same
objections, noting that insiders comprise three sides of the
transaction: (i) the prepetition lenders agreeing to be primed by
the loan to be extended by the proposed DIP lender (that is, Dr.
Palmaz and a Palmaz family investment vehicle named Oak Court
Partners, which is controlled by Mrs. Palmaz through an
intermediate family investment entity), (ii) the Debtors' founder
and immediately-former chairman of the PSI board of directors,
and the immediately-former CFO (that is, Dr. Palmaz and Mr. Asel,
respectively), and (iii) Vactronix Scientific, Inc. as the proposed
DIP Lender (which is also lining itself up to be the stalking horse
bidder for the Debtors' assets), which is owned and controlled by
Mrs. Palmaz through varying degrees of family investment vehicles,
and for which Mr. Asel is the sole officer and director.

According to Foster and Hickman, the bankruptcy cases are nothing
more than a play by the Debtors' insiders to acquire the Debtors'
intellectual property free and clear of the claims of creditors and
the tens of millions of dollars invested by equity interest
holders.

"Rather than attempting to preserve value for creditors or equity
interest holders, these cases are being run for the sole and
exclusive benefit of insiders.  Taking on another $2 million of
senior secured first priority financing in a case that is a pure
liquidation will do nothing but to further bury creditors and
equity interest holders under a larger mountain of secured debt,
geared only to benefit and further entrench the insiders," John B.
Foster and the Hickman Investors said.

"As is customary in bankruptcies involving insider transactions,
the Court should apply a higher level of scrutiny than would
normally be applied to a non-insider, arm's length transaction. In
this case, given the profound incestuousness among the parties, the
transaction proposed in the Motion cannot and should not pass
muster under any level of scrutiny."

The Committee said in its April 4 objection that granting the DIP
Motion on a "final" basis at this juncture, when the Committee has
not had sufficient time to analyze the totality of the
circumstances and appropriateness of the relief sought by the
Debtors (and the facts of these cases), could irreparably harm the
Debtors' unsecured creditors and is premature and inappropriate at
this time.

"Serious (and troubling) allegations have been raised in these
cases by, among others, the Hickman Group, which also has alluded
that a conversion of these cases to chapter 7 might be advisable.2
If the allegations made by the Hickman Group are accurate, these
cases, as presently formulated, appear potentially to have one goal
-- maintaining the insiders' ultimate ownership of the Debtors'
assets and the value of the Debtors' business at the expense of the
Debtors' unsecured creditors and equity holders. The Committee has
not yet had the time to fully inform itself of the circumstances
surrounding these cases (and the viability of the Hickman Group's
claims and assertions).  If the proposed Sale of the Debtors'
assets is in fact the best way to maximize value for the Debtors'
estates, then the Committee would support such Sale," the Committee
said in its objection.

Counsel to the Official Committee of Unsecured Creditors of Palmaz
Scientific, Inc., et al.:

         ANDREWS KURTH LLP
         Michelle V. Larson, Esq.
         1717 Main Street, Suite 3700
         Dallas, TX 75201
         Tel: (214) 659-4400
         Fax: (214) 659-4401
         E-mail: michellelarson@andrewskurth.com

Counsel to the Hickman Investors:

         GRAY REED & McGRAW, P.C.
         Jason S. Brookner, Esq.
         Lydia R. Webb, Esq.
         1601 Elm Street, Suite 4600
         Dallas, TX 75201
         Telephone: (214) 954-4135
         Facsimile: (214) 953-1332
         E-mail: jbrookner@grayreed.com
                 lwebb@grayreed.com

Counsel to John B. Foster:

         LAW OFFICES OF RAY BATTAGLIA, PLLC
         Raymond W. Battaglia
         66 Granburg Circle
         San Antonio, TX 78218
         Telephone: (210) 601-9405
         Facsimile: (210) 855-0126
         E-mail: rbattaglialaw@outlook.com

Judy A. Robbins, U.S. Trustee for Region 7, is represented by:

        Kevin M. Epstein, Esq.
        Trial Attorney
        615 E. Houston St., Room 533
        San Antonio, TX 78205
        Tel: (210) 472-4640
        Fax: (210) 472-4649
        E-mail: Kevin.M.Epstein@usdoj.gov

                    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.

On March 30, 2016, the U.S. Trustee formed and appointed the
Official Committee of Unsecured Creditors.  The Committee tapped
Andrews Kurth LLP as counsel.

                          *     *     *

The Debtors have arranged $2 million of postpetition financing from
VACTRONIX Scientific, Inc., an entity controlled by an insider of
the Debtors.  

During the 11 U.S.C. Sec. 341 meeting of creditors, the Debtors
revealed a stalking horse offer from Vactronix which contemplated
that the related-party allegedly secured creditors would convert
their debt to some amount of equity in the purchaser.


PALMAZ SCIENTIFIC: Taps Groff & Rothe as Accountants
----------------------------------------------------
Palmaz Scientific Inc., and its debtor-affiliates filed an
expedited ex parte interim application to the Hon. Craig A.
Gargotta of the U.S. Bankruptcy Court for Western District of Texas
to employ Groff & Rothe and Jennifer L. Rothe as accountants, nunc
pro tunc to March 4, 2016.

The accountants has been previously approved to be employed by
Palmaz Scientific Inc. The application is a follow-up application
to employ the accountants with respect to the other three debtors.

The Debtors require Groff & Rothe and Jennifer L. Rothe to:

   (a) assume primary responsibility for the preparation and
       filing of necessary federal tax schedules for the
       bankruptcy estate;

   (b) prepare monthly operating reports and other financial
       reports for the bankruptcy estate; and

   (c) provide other accounting services as may be required by the

       Debtors from time to time.

Groff & Rothe and Jennifer L. Rothe will be entitled to an hourly
fee of $300 for court appearances and $200 for all other work, plus
expenses.

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

Ms. Rothe 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.

Groff & Rothe can be reached at:

       Jennifer L. Rothe, C.P.A.
       GROFF & ROTHE
       1618 Avenue M
       P.O. Box 628
       Hondo, TX 78861
       Tel: (830) 426-4374
       Fax: (830) 426-4054
       E-mail: jrothe@groffandrothe.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. Proposed Nos. 16-50552,
16-50555, 16-50556 and 16-50554, respectively) on March 4, 2016.
The petitions were signed by Eugene Sprague as director.  The
Debtors estimated both assets and liabilities in the range of $10
million to $50 million.

The Debtors have engaged Norton Rose Fulbright US LLP as counsel,
Groff & Rothe as accountants and Upshot Services LLC as noticing
agent.

The case is assigned to Judge Craig A. Gargotta.



PALMAZ SCIENTIFIC: Taps UpShot Services as Noticing Agent
---------------------------------------------------------
Palmaz Scientific Inc., and its debtor-affiliates filed an
expedited interim application to the Hon. Craig A. Gargotta of the
U.S. Bankruptcy Court for Western District of Texas to employ
UpShot Services LLC as noticing agent, nunc pro tunc to March 4,
2016.

UpShot has been previously approved to be employed by Palmaz
Scientific Inc. The application is a follow-up application to
employ UpShot with respect to the other three debtors.

The Debtors require UpShot to provide notices of filings or other
documents in connection with the bankruptcy case to parties in
interest as directed by the Debtors and prepare for filing
affidavits or other certificates of service in connection with the
service of such documents. To the extent that any notices by
publication are necessary or advisable in this case, UpShot will
provide services in connection with such publication notice.

UpShot will be paid at these hourly rates:

       Clerical           $25
       Case Assistant     $55
       IT Manager         $120
       Case Consultant    $145
       Case Director      $170

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

Travis Vandell, chief executive officer of UpShot, 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.

UpShot can be reached at:

       Travis K. Vandell
       UPSHOT SERVICES LLC
       8269 E. 23rd Ave., Suite 275
       Denver, CO 80238
       E-mail: tvandell@upshotservices.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. Proposed Nos. 16-50552,
16-50555, 16-50556 and 16-50554, respectively) on March 4, 2016.
The petitions were signed by Eugene Sprague as director.  The
Debtors estimated both assets and liabilities in the range of $10
million to $50 million.

The Debtors have engaged Norton Rose Fulbright US LLP as counsel,
Groff & Rothe as accountants and Upshot Services LLC as noticing
agent.

The case is assigned to Judge Craig A. Gargotta.


PANDA TEMPLE II: S&P Affirms 'B-' Project Rating, Outlook Negative
------------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B-' project rating
on Panda Temple II Power LLC and revised the outlook to negative
from stable.  The recovery rating on this debt remains '3',
indicating expectations for meaningful (50% to 70%; in the lower
end of the range) recovery in the event of a payment default.

"The outlook revision stems from continued weak market conditions
in ERCOT," said Standard & Poor's credit analyst Michael Ferguson.
As a consequence of weaker-than-expected growth in demand,
persistently low gas prices, and significant renewable production,
power prices and spark spreads have collapsed for merchant
generators during the past 18 months.  While, to date, Temple II
has not been as directly affected as certain coal plants have been,
generators like Temple II have been significantly affected by these
declining spark spreads in part due to the absence of a capacity
market, trimmed demand expectations, and renewable growth that has
far outpaced expectations.  Because of this, S&P has typically
assessed ERCOT merchant generators, including Temple II, as having
high market risk, despite some hedges in place.  This risk has been
borne out during the past 18 months, and S&P anticipates that the
volatility will continue through at least the end of 2017, and
perhaps longer if expected coal closures are delayed.

The negative outlook reflects S&P's view that power prices could
continue to weaken in ERCOT during the next two years, leading to
consistently lower DSCRs and heightened refinancing risk.  S&P
anticipates DSCRs around 1.0x over the next 12 months, based on an
assumption of $2.50 per mmbtu Henry Hub pricing and weakened power
demand growth in Texas.

A downgrade is possible if DSCRs stay low throughout 2016.  Minimum
DSCRs dropping below 1.0x and drawing on liquidity would
potentially lead to a downgrade in the near term.  Over the longer
term the project could face ratings pressure if leverage
refinancing increases sharply in S&P's base case.  This will become
more likely if power prices remain low, perhaps based on
lower-than-expected demand growth or greater-than-expected
penetration of renewable assets.  Additionally, further strains on
liquidity could jeopardize this project, placing it more in the
'CCC' category.

An upgrade or positive outlook revision is currently unlikely, but
could occur if the project mitigates its exposure to merchant
market risk by entering into new and effective hedging agreements
that increase cash flow predictability, or if S&P's assessment of
the ERCOT market changes such that it foresees energy prices in
that market rising and stabilizing for an extended period, perhaps
due to the retirement of coal assets.


PEABODY ENERGY: Final Hearing on $800M DIP Financing on May 5
-------------------------------------------------------------
Judge Barry S. Schermer on April 14, 2016, entered an interim
order, and on April 15 entered an amended interim order,
authorizing Peabody Energy Corporation and its affiliated debtors
to obtain senior secured postpetition financing and use cash
collateral.

A final hearing on the proposed DIP financing is scheduled for May
5, 2016, at 2:00 p.m.  Objections are due May 3, 2016, at 5:00
p.m.

A copy of the Interim DIP Order, as amended, is available for free
at:

     http://bankrupt.com/misc/Peabody_149_Int_DIP_Ord.pdf

On April 13, 2016, the Debtors filed a motion seeking to access DIP
Financing consisting of:

   (a) a senior secured superpriority non-amortizing term loan in
the aggregate principal amount of up to $500,000,000 (the "Term
Loan Facility"),

   (b) a cash collateralized letter of credit facility in the
aggregate amount of up to $100,000,000 (the "L/C Facility") and

   (c) up to $200,000,000 for the issuance of letters of credit to
provide financial assurances with respect to reclamation bonding
obligations ("Bonding Accommodation Facility").

A summary of the terms and conditions of the DIP facilities is
available at http://is.gd/R2sfxO

The Lenders are financial institutions or entities identified by
Citigroup Global Markets Inc. as sole lead arranger and book runner
in consultation with the Company.  The Term Facility will be made
available to funds managed by Aurelius, Elliott, CapRe, and
Franklin, as Participating DIP Lenders.

                       About Peabody Energy

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $918.5 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.
As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

                           *     *     *

A copy of the affidavit in support of the first-day motions is
available for free at:

    http://bankrupt.com/misc/Peabody_7_1st_Day_Affidavit.pdf


PEABODY ENERGY: Gibraltar Unit to Seek Ancillary Relief
-------------------------------------------------------
Peabody Energy Corporation ("PEC") and Peabody Holdings (Gibraltar)
Limited are asking the U.S. Bankruptcy Court for the Eastern
District of Missouri to enter an order: (a) appointing Amy Schwetz,
the Chief Financial Officer of PEC, as the foreign representative
of the estate of Peabody Holdings (Gibraltar) Limited ("Peabody
Gibraltar") and (b) authorizing and empowering Amy Schwetz to seek
recognition in Gibraltar of the chapter 11 case in Gibraltar and to
make applications for orders under the Insolvency (Cross Border
Insolvencies) Regulations 2014 made under the Insolvency Act 2011
of Gibraltar.

Peabody Gibraltar, one of the Debtors in the chapters 11 cases,
serves principally as a holding company and directly and indirectly
owns certain non-debtor subsidiaries.  The company was incorporated
in Gibraltar on August 22, 2006 under the
Companies Act, and is a company limited by shares.

Due to its connection with Gibraltar, Peabody Gilbratar intends to
promptly seek ancillary relief in Gibraltar, pursuant to the
Insolvency (Cross Border Insolvencies) Regulations 2014 made under
the Insolvency Act 2011 of Gibraltar in the Supreme Court of
Gibraltar (the "Gibraltar Court").  The purpose of the ancillary
proceedings is to request that the Gibraltar Court recognize the
chapter 11 case of Peabody Gibraltar under the Insolvency (Cross
Border Insolvencies) Regulations 2014 made under the Insolvency Act
2011 of Gibraltar in order to, among other things, provide Peabody
Gibraltar and/or its assets protection from judicial process in
Gibraltar.

Like chapter 15 of the Bankruptcy Code, the Gibraltar's
cross-border insolvency law is modeled after the UNCITRAL Model Law
on Cross-Border Insolvency.  To commence an ancillary proceeding in
the Gibraltar Court, the petitioner must have authority to act as
the foreign representative of Peabody Gibraltar. Specifically,
Gibraltar law provides that a "foreign representative" may apply
for recognition of a foreign proceeding before the Gibraltar Court.
A foreign representative "means a person or body, including one
appointed on an interim basis, authorized in a foreign proceeding
to administer the reorganization or the liquidation of the debtor's
property or affairs or to act as a representative of the foreign
proceeding[.]"  In addition, the applicable regulations require
certain "evidence of the existence of the foreign proceeding and of
the appointment of the foreign representative."

Due to the fact that, in a chapter 11 case, the petition itself
operates as the order for relief, and the fact that many countries
do not have a concept of a debtor in possession, several U.S.
courts have granted the express appointment of a foreign
representative for a chapter 11 debtor.

Accordingly, to facilitate Peabody Gibraltar's efforts to have its
chapter 11 case recognized by the Gibraltar Court as a "foreign
proceeding," and to avoid any doubt as to who has appropriate
authority to seek recognition of Peabody Gibraltar's chapter 11
case in Gibraltar, PEC and Peabody Gibraltar request that the U.S.
Court enter an order, among other things, expressly authorizing Amy
Schwetz to act as the foreign representative for Peabody
Gibraltar.

Proposed Attorneys for the Debtors:

          Steven N. Cousins, Esq.
          Susan K. Ehlers, Esq.
          ARMSTRONG TEASDALE LLP
          7700 Forsyth Boulevard, Suite 1800
          St. Louis, MO 63105
          Telephone: (314) 621-5070
          Facsimile: (314) 612-2239
          E-mail: scousins@armstrongteasdale.com
                  sehlers@armstrongteasdale.com

          Heather Lennox
          JONES DAY
          North Point
          901 Lakeside Avenue
          Cleveland, OH 44114
          Telephone: (216) 586-3939
          Facsimile: (216) 579-0212
          E-mail: hlennox@jonesday.com

          Amy Edgy
          Daniel T. Moss
          JONES DAY
          51 Louisiana Avenue, N.W.
          Washington, D.C. 20001-2113
          Telephone: (202) 879-3939
          Facsimile: (202) 626-1700
          E-mail: aedgy@jonesday.com
                  dtmoss@jonesday.com

                       About Peabody Energy

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $918.5 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

                           *     *     *

A copy of the affidavit in support of the first-day motions is
available for free at:

    http://bankrupt.com/misc/Peabody_7_1st_Day_Affidavit.pdf


PEABODY ENERGY: Proposes to Pay $10.3M to Essential Vendors
-----------------------------------------------------------
Peabody Energy Corporation and certain of its direct and indirect
subsidiaries move the Bankruptcy Court for the entry of interim and
final orders authorizing them, in their discretion to pay, in the
ordinary course of the Debtors' business:

   (i) certain prepetition claims of essential suppliers relating
to goods received by the Debtors more than 20 days before the
Petition Date and services received prepetition, in an aggregate
amount not to exceed approximately $10.3 million and

  (ii) certain prepetition claims (collectively, the "20-Day
Administrative Claims") of the essential suppliers relating to
goods received by the Debtors within 20 days of the Petition Date
without limit on the maximum aggregate amount, as these claims if
allowed would be entitled to administrative priority pursuant to
Section 503(b)(9) of the Bankruptcy Code.

The Debtors' business of mining and processing coal cannot function
without the specially-designed equipment, parts and supplies
provided by these not-readily replaceable suppliers.  Many of these
suppliers are critical to multiple of the Debtors' mining
operations.

Because certain vendors may refuse to perform if the Debtors do not
pay for the good and services those vendors provided prepetition,
the Debtors are asking the Court to provide them with the tools
necessary to deal with recalcitrant vendors:

  * First, the Debtors request authority to pay prepetition claims
of certain vendors that provide the Debtors with essential goods
and services (the "Essential Suppliers").  The Debtors are
concerned that The Essential Suppliers may be unwilling or unable
to provide their essential goods and services if the Debtors fail
to pay their prepetition claims.

   * Second, certain other vendors provide goods and services to
the Debtors that are also essential to the continual and timely
production and delivery of coal upon which the Debtors' viability
depends.  The Debtors, however, have concluded that the Court
likely can compel these vendors to provide those goods and services
if they refuse to do so.  Accordingly, the Debtors' are requesting
that the Court approve procedures for resolving disputes with such
vendors.

                       About Peabody Energy

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $918.5 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

                           *     *     *

A copy of the affidavit in support of the first-day motions is
available for free at:

    http://bankrupt.com/misc/Peabody_7_1st_Day_Affidavit.pdf


PEABODY ENERGY: Wants Until June 13 to File Schedules
-----------------------------------------------------
Peabody Energy Corporation, et al., are asking the U.S. Bankruptcy
Court for the Eastern District of Missouri to enter an order:

   (a) extending the deadline to file their (i) schedules of assets
and liabilities, (ii) schedules of executory contracts and
unexpired leases and (iii) statements of financial affairs until 60
days after the Petition Date;

   (b) waiving the requirement that PEC file a list of equity
security holders within 14 days of the Petition Date, as set forth
in Bankruptcy Rule 1007(a)(3);

   (c) authorizing the Office of the United States Trustee for the
Eastern District of Missouri to schedule the meeting of creditors
under Section 341 of the Bankruptcy Code after the 40-day deadline
imposed by Bankruptcy Rule 2003; and

   (d) extending time within which the Debtors must (i) file their
initial reports of financial information in respect of entities in
which their chapter 11 estates hold a controlling or substantial
interest, as set forth in Bankruptcy Rule 2015.3, until 45 days
after the Petition Date or, alternatively, to grant an extension of
the time to (ii) file a motion with the Court seeking a
modification of such reporting requirements for cause.

Steven N. Cousins, Esq., at Armstrong Teasdale LLP, explains that
completing the Schedules and Statements for each of the 154
discrete Debtors requires the collection, review and assembly of a
substantial amount of information located in numerous places
throughout the Debtors' organization.  The Debtors and all of their
debtor and non-debtor affiliates constitute an international
enterprise with roughly $11.0 billion in assets and more than $10.1
billion in liabilities, on a consolidated basis, as of
Dec. 31, 2015.  The Debtors have thousands of employees, creditors
and other parties in interest due to the size and complexity of the
Debtors' businesses and financial affairs.  Collection of the
information necessary to complete the Schedules and Statements
requires significant time and effort by the Debtors as well as
their employees and advisors.  Further, given the timing elements
related to processing or receiving certain invoices and to other
business operations, some of the information necessary to complete
the Schedules and Statements is not yet available in the Debtors'
accounting system.

According to Mr. Cousins, the Debtors were not in a position to
complete the Schedules and Statements by the Petition Date, even
with the assistance of professionals.  Given the critical matters
to be addressed in the early days of these chapter 11 cases, the
Debtors will require significantly more than 14 days after the
Petition Date to complete the Schedules and Statements.
Nevertheless, recognizing the importance of assembling this
information, the Debtors have begun compiling the information
necessary to complete the Schedules and Statements as quickly as
practicable under the circumstances.

Given the volume of information provided in the Schedules and
Statements, and the fact that the information is required to be
accurate as of the Petition Date, providing the Debtors with
additional time will help ensure that the relevant information is
fully processed through the Debtors' various information systems
and can be incorporated into the relevant schedules.  Rushing to
complete the Schedules and Statements soon after the Petition Date
likely would compromise the completeness and accuracy of the
Schedules and Statements.

Accordingly, the additional time requested should help ensure that
the Schedules and Statements are as accurate as possible.

The Debtors request that the Court extend the date by which the
Schedules and Statements must be filed pursuant to Bankruptcy Rule
1007(c) until 60 days after the Petition Date, or until June 13,
2016 without prejudice to the Debtors' right to seek a further
extension.

                       About Peabody Energy

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $918.5 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

                           *     *     *

A copy of the affidavit in support of the first-day motions is
available for free at:

    http://bankrupt.com/misc/Peabody_7_1st_Day_Affidavit.pdf


PETTY FUNERAL: Three Creditors Named to Committee
-------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Alabama on
April 15 issued an order appointing three creditors of Petty
Funeral Homes, LLC to serve on the official committee of unsecured
creditors.

The committee members are:

     (1) Gulf Coast Wilbert
         David Chapman, Representative
         Crestview, FL 32536
         Tel: (850) 682-8004
         Fax: (850) 682-8694

     (2) Gulf Coast Signet
         David Chapman, Representative
         Crestview, FL 32536
         Tel: (850) 682-8004
         Fax: (850) 682-8694
         Atmore Flower Shop

     (3) Joyce Petty, Representative
         1327 S. Main Street
         Atmore, AL 36502
         Tel: (251) 253-1138

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                       About Petty Funeral

Petty Funeral Homes, LLC sought protection under Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the Southern
District of Alabama (Mobile) (Case No. 16-00454) on February 16,
2016.  

The petition was signed by Joe Max Petty, managing member. The case
is assigned to Judge Jerry Oldshue, Jr. The Debtor is represented
by Irvin Grodsky, Esq.

The Debtor estimated assets of $500,000 to $1 million and debts of
$1 million to $10 million.


PLASTIC2OIL INC: D. Brooks & Associates Raises Going Concern Doubt
------------------------------------------------------------------
Plastic2Oil, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$4.32 million on $16,728 of total sales for the year ended
Dec. 31, 2015, compared to a net loss of $6.80 million on $59,017
of total sales for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Plastic2Oil had $5.39 million in total assets,
$10.31 million in total liabilities and a total stockholders'
deficit of $4.91 million.

D. Brooks and Associates CPA's, P.A., in West Palm Beach, Florida,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that

the Company has incurred operating losses, has incurred negative
cash flows from operations and has a working capital deficit. These
and other factors raise substantial doubt about the Company's
ability to continue as a going concern.

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

                       http://is.gd/WSUzCO

                         About Plastic2Oil

Plastic2Oil, Inc., formerly JBI Inc., is a North American fuel
company that transforms unsorted, unwashed waste plastic into
ultra-clean, ultra-low sulphur fuel without the need for
refinement.  The Company's Plastic2Oil (P2O) is a process designed
to provide immediate economic benefit for industry, communities
and government organizations with waste plastic recycling
challenges.  It is also focused on the creation of green
employment opportunities and a reduction in the cost of plastic
recycling programs for municipalities and business.  The Company's
fuel products include No. 6 Fuel, No. 2 Fuel (diesel, petroleum
distillate), Naphtha, Petcoke (carbon black) and Off-Gases. No. 6
Fuel is heavy fuel used in industrial boilers and ships. No. 2
Fuel is a mid-range fuel known as furnace oil or diesel.  Naphtha
is a light fuel that is used as a cut feedstock for ethanol or as
white gasoline in high and regular grade road certified fuels.


POWERLINE ELECTRICAL: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Powerline Electrical Products Corp.
        PO Box 70118
        San Juan, PR 00936-8118

Case No.: 16-02277

Chapter 11 Petition Date: March 23, 2016

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Judge: Hon. Enrique S. Lamoutte Inclan

Debtor's Counsel: Alexis A Betancourt Vincenty, Esq.
                  LUGO MENDER GROUP, LLC
                  100 Carr 165 Suite 501
                  Guaynabo, PR 00968-8052
                  Tel: 787-707-0404
                  Fax: 787-707-0412
                  Email: a_betancourt@lugomender.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Heli Rivera Auffant, vice-president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb16-02277.pdf


PROVIDENT FUNDING: Moody's Cuts Corporate Family Ratings to B1
--------------------------------------------------------------
Moody's Investors Service downgraded Provident Funding Associates,
L.P.'s corporate family and senior unsecured ratings to B1 from Ba3
and revised the rating outlook to stable from negative.

The following action has been taken:

Issuer: Provident Funding Associates, L.P.

-- Corporate Family Rating, Downgraded to B1 from Ba3

-- Backed Senior Unsecured Regular Bond/Debenture, Downgraded to
    B1 from Ba3

-- Outlook, Changed To Stable From Negative

RATINGS RATIONALE

The rating action reflects Provident's continued weak
profitability, in part due to the decline in the company's loan
originations and market share, and Moody's expectation that the
company's near-term profitability will remain constrained.

Provident's profitability was weak with the ratio of net income to
total assets measuring around -1.0% over the last two years as the
volume of loan closings that met the company's conservative lending
guidelines declined significantly, reflecting heightened
competition. Even excluding declines in MSRs fair value, losses on
bond buyback, and a litigation settlement charge, Provident's
profitability was modest with the ratio of net income to total
assets measuring 0.9% in 2015.

Moody's ratings incorporate Provident's conservative credit risk
appetite, which lessens asset quality performance risks. Provident
has maintained its focus on very-high quality prime loans, strong
capital, and adequate liquidity, which contributed to a long and
stable operating history. However, increasing competition during
the last several years has constrained Provident's ability to
originate loans that meet the company's conservative lending
guidelines, reducing the company's profitability.

The stable outlook reflects Moody's expectation that Provident will
be able to generate a modest profit and maintain a solid capital
level.

Provident's ratings could be upgraded if the company is able to
sustainably improve its profitability, measured as net income to
assets, to greater than 2.5% while also maintaining an adequate
capital cushion of at least 20% tangible common equity to tangible
assets.

Moody's could downgrade ratings if the company is unable to
maintain modest profitability measured as net income to assets of
at least 0.5%. In addition, Provident's ratings could be downgraded
if the company's leverage increases (i.e. tangible common equity to
tangible assets less than 15%) or its asset quality or funding
profile deteriorates.



QUANTUM FUEL: Hires Mackinac Partners as Crisis Manager
-------------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc., d/b/a Quantum
Technologies, sought and obtained permission from the U.S.
Bankruptcy Court for the Central District of California to retain
(i) Mackinac Partners, LLC as crisis manager, and (ii) Nishant
Machado as chief restructuring officer, to the Debtors, nunc pro
tunc to March 22, 2016.

Quantum Fuel requires Mackinac Partners to:

   a. review and analyze the Company and its financial results,
      projections and operational data.

   b. gain an understanding of the existing contractual
      arrangements and obligations with customers,
      advisors/consultants and suppliers.

   c. assist the Company in the preparation of cash flow
      projections and updating those projections as required.

   d. advise the Company with regards to the development and
      evaluation of various restructuring alternatives and the
      implementation of a restructuring plan.

   e. assist the Company to manage key constituents, including
      communications and meetings with, and requests for
      information made by, cash constituents, including lenders,
      vendors, customers and employees.

   f. assist the Company with preparations for a potential
      Chapter 11 filing.

   g. provide expert testimony, if required.

   h. provide such other advisory services consistent with
      Mackinac Partners’ role as restructuring financial advisor

      and / or as requested by the Company.

   i. provide Nishant Machado to serve as CRO of the Company,
      which CRO will, in his individual capacity, have the
      authorities and responsibilities typically ascribed.

Mackinac Partners will be paid at these hourly rates:

     Partners and Senior
     Managing Directors                 $650

     Managing Directors                 $400 - $475

     Directors                          $300 - $350

     Associates                         $200 - $275

     Analysts                           $175 - $200

Prior to the Petition Date, the Debtor provided Mackinac Partners a
retainer in the amount of $25,000.00. During the 90 days prior to
the Petition Date, the Debtor paid Mackinac Partners $131,957.51 in
fees and expenses. Approximately $15,000.00 of the Retainer was
remaining as of the Petition Date, which Mackinac Partners would
hold for application to postpetition charges.

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

To the best of the Debtor’s knowledge, information, and belief
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.

Mackinac Partners can be reached at:

     MACKINAC PARTNERS, LLC
     201 Wilshire Blvd, 2nd Floor
     Santa Monica, CA 90401
     Tel: (310) 917-1563

                           About Quantum Fuel

Lake Forest, California-based Quantum Fuel Systems Technologies
Worldwide, Inc., is an innovator, developer and producer of
compressed natural gas (CNG) fuel storage tanks and packaged fuel
storage systems for heavy-, medium-, and light-duty trucks and
passenger vehicles. The Company also produces integrated vehicle
system technologies, including engine and vehicle control systems
and drivetrains. It supplies its tanks and systems to truck and
automotive original equipment manufacturers and aftermarket and OEM
truck integrators worldwide.

Quantum Fuel filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Calif. Case No. 16-11202) on March 22, 2016. The petition was
signed by Brian W. Olson as chief executive officer. The Debtor
listed total assets of $23.10 million and total debts of $21.7
million. Foley & Lardner LLP represents the Debtor as counsel.
Judge Mark S Wallace is assigned to the case.


REPUBLIC AIRWAYS: Creditors Object to $75-Mil. Financing from Delta
-------------------------------------------------------------------
The Official Committee of Unsecured Creditors, the Ad Hoc Committee
of Equity Holders, and the U.S. Attorney object to Republic Airways
Holdings Inc. and its debtor affiliates' request for authority to
obtain postpetition financing up to an aggregate principal amount
of $75 million from Delta Air Lines, Inc., as DIP Lender.

Jacqueline Palank, writing for Dow Jones' Daily Bankruptcy Review,
reported that U.S. Attorney Preet Bharara said the financing terms
would "impermissibly protect Delta," may be "unlawful" and should
therefore be denied the bankruptcy court's approval.

The Creditors' Committee tells the Court that it supports the
Debtors' efforts to reach consensual resolutions with their three
code share partners, Delta, American Airlines, and United, each of
which is a fundamental component of the Debtors' restructuring
efforts.  The Committee adds that it appreciates the Debtors'
desire to inspire their other Code Share Partners to come to the
negotiating table quickly by pursuing a "first come, first served"
approach.  However, the Committee complains that the relief being
sought in the Delta Motions will necessarily impact the Debtors'
ability to reach satisfactory agreements with American Airlines and
United -- not least as a result of the proposed
"most-favored-nation" clause in the proposed Settlement Order,
which entitles Delta to an increase in the amount or priority of
its allowed claim to the extent the other two Code Share Partners
strike deals on more favorable terms.

Without at least one more code share settlement on the table, it is
simply impossible for the Committee to evaluate whether that impact
will be positive or negative, which will turn on how the assumed
Delta contracts fit into the Debtors' overall business plan going
forward, as well as the nature and size of any claims that may be
asserted by the Debtors' other Code Share Partners under their own
agreements, the Committee tells the Court.  For these reasons, the
Committee believes that the Debtors' request for approval of the
Delta Motions should be adjourned pending a settlement with at
least one of the other Code Share Partners who are equally (if not
more) important pieces of the Debtors' restructuring puzzle.

The International Brotherhood of Teamsters, Airline Division, joins
in the Creditors' Committee's objection.

The Ad Hoc Committee tells the Court that it does not dispute that
the Debtors have a legitimate need to restructure their agreements
with their codeshare partners, including Delta.  The Delta
Settlement, however, is not fair and equitable for a number of
reasons, most particularly the grant to Delta of an allowed
unsecured claim of at least $170 million, the Ad Hoc Committee
complains.  The Debtors frame the "reasonableness" of their
proposal to allow a $170 million claim by unfairly comparing it to
their alleged litigation exposure to Delta "in excess of a billion
dollars in damages." Based on that comparison, they conclude that
"$170 million is a small fraction of the claims that Delta was
seeking" and as such "far exceeds the lowest point in the range of
reasonableness," the Ad Hoc Committee further complains.

Republic Airways Holdings Inc. and certain of its wholly-owned
subsidiaries are represented by:

     Bruce R. Zirinsky, Esq.
     Sharon J. Richardson, Esq.
     Gary D. Ticoll, Esq.
     ZIRINSKY LAW PARTNERS PLLC
     375 Park Avenue, Suite 2607
     New York, New York 10152
     Telephone: (212) 763-0192  
     Email: bzirinsky@zirinskylaw.com
            srichardson@zirinskylaw.com
            gticoll@zirinskylaw.com

     -- and --

     Christopher K. Kiplok, Esq.
     HUGHES HUBBARD & REED LLP
     One Battery Park Plaza
     New York, New York 10004
     Telephone: (212) 837-6000
     Email: chris.kiplok@hugheshubbard.com

The Creditors' Committee is represented by:

     Brett H. Miller, Esq.
     Todd M. Goren, Esq.
     Erica J. Richards, Esq.
     MORRISON & FOERSTER LLP
     250 W 55th St.
     New York, NY 10019
     Tel: (212) 468-8000
     Fax: (212) 468-7900

The Ad Hoc Committee of Equity Holders is represented by:

     Adam C. Harris, Esq.
     David M. Hillman, Esq.
     Lawrence V. Gelber, Esq.
     SCHULTE ROTH & ZABEL LLP
     919 Third Avenue
     New York, New York 10022
     Telephone: (212) 756-2000
     Facsimile: (212) 593-5955
     Email: adam.harris@srz.com
            david.hillman@srz.com
            lawrence.gelber@srz.com

The IBT is represented by:

     Ryan J. Barbur, Esq.
     LEVY RATNER, P.C.
     80 Eighth Avenue, 8th Floor
     New York, NY 10011-5126
     Tel: (212) 627-8100
     Fax: (212) 627-8182
     Email: rbarbur@levyratner.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.


SANDRIDGE ENERGY: No Longer Subject to DOJ Investigation
--------------------------------------------------------
The U.S. Department of Justice notified Sandridge Energy, Inc.
that it is no longer a subject or target of the previously reported
grand jury investigation of possible violations of antitrust laws
in the purchase or lease of land, oil, or natural gas rights from
2012 and prior years, as disclosed in a regulatory filing with the
Securities and Exchange Commission.

                      About SandRidge Energy

SandRidge Energy, Inc. (OTC PINK: SDOC) --
http://www.sandridgeenergy.com/-- is an oil and natural gas
exploration and production company headquartered in Oklahoma City,
Oklahoma, with its principal focus on developing high-return,
growth-oriented projects in the U.S. Mid-Continent and Niobrara
Shale.

For the year ended Dec. 31, 2015, SandRidge reported a net loss
available to common stockholders of $3.73 billion on $769 million
of total revenues compared to net income available to common
stockholders of $203 million on $1.55 billion of total revenues for
the year ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $2.99 billion in total assets,
$4.17 billion in total liabilities and a total stockholders'
deficit of $1.18 billion.


SATTLEY LLC: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------
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 Sattley, LLC.

Sattley, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Nev. Case No. 15-16998) on December 21, 2015. The
Debtor is represented by Steven L. Yarmy, Esq.


SEADRILL LTD: Bank Debt Trades at 56% Off
-----------------------------------------
Participations in a syndicated loan under which Seadrill Ltd is a
borrower traded in the secondary market at 43.50
cents-on-the-dollar during the week ended Friday, April 8, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.29 percentage points from the
previous week.  Seadrill Ltd pays 300 basis points above LIBOR to
borrow under the $2.9 billion facility. The bank loan matures on
Feb. 17, 2021 and carries Moody's Caa2 rating and Standard & Poor's
B- rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended April 8.


SEPCO CORP: Asbestos Claimants Hire Caplin & Drysdale as Counsel
----------------------------------------------------------------
The Official Committee of Asbestos Claimants appointed in the
bankruptcy case of Sepco Corporation seek authority from the U.S.
Bankruptcy Court for the Northern District of Ohio to retain Caplin
& Drysdale, Chartered, as its counsel, nunc pro tunc to February 5,
2016.

The Committee anticipates that Caplin & Drysdale's services in this
case will include:

   (a) assisting and advising the Committee in its consultations
       with the Debtor and the Future Claimants' Representative,
       if one is appointed, relative to the overall
       administration of the estate;

   (b) representing the Committee at hearings to be held before
       this Court or Federal District Court or any appellate
       courts and communicating with the Committee regarding the
       matters heard and issues raised as well as the decisions
       and considerations of this Court and any other courts;

   (c) assisting and advising the Committee in its examination
       and analysis of the Debtor's conduct and financial affairs
       and those of its affiliates;

   (d) reviewing and analyzing all applications, orders,
       operating reports, schedules and statements of affairs
       filed and to be filed with this Court by the Debtor or
       other interested parties in this case; advising the
       Committee as to the necessity and propriety of the
       foregoing and their impact upon the rights of
       asbestos-related claimants, and upon the case generally;
       and after consultation with and approval of the Committee
       or its designee(s), consenting to appropriate orders on
       its behalf or otherwise objecting thereto;

   (e) assisting the Committee in preparing appropriate legal
       pleadings and proposed orders as may be required in
       support of positions taken by the Committee and
       preparing witnesses and reviewing documents relevant
       thereto;

   (f) coordinating the receipt and dissemination of information
       prepared by and received from the Debtor's independent
       certified accountants or other professionals retained by
       it as well as such information as may be received from
       independent professionals engaged by the Committee or the
       FCR, if one is appointed, as applicable;

   (g) assisting the Committee in the solicitation and filing
       with the Court of acceptances or rejections of any
       proposed plan or plans of reorganization;

   (h) assisting and advising the Committee with regard to
       communications to the asbestos-related claimants regarding
       the Committee's efforts, progress and recommendation with
       respect to matters arising in the case as well as any
       proposed plan of reorganization; and

   (i) assisting the Committee generally by providing such other
       services as may be in the best interest of the creditors
       represented by the Committee.

Subject to the Court's approval and in accordance with the
Bankruptcy Code, the Committee requests that Caplin & Drysdale be
compensated on an hourly basis, and be reimbursed for the actual,
necessary expenses it incurs.  The hourly rates applicable to the
Caplin & Drysdale professionals expected to serve the Committee
are:

     Professional             Position       Rate
     ------------             --------       ----
     Ann C. McMillan          Member         $730
     Kevin C. Maclay          Member         $620
     Todd E. Phillips         Member         $525
     Kevin M. Davis           Associate      $375
     Sally J. Sullivan        Associate      $295
     Cecilia Guerrero         Paralegal      $285
     Brigette A. Wolverton    Paralegal      $240

This listing is not exclusive, and other attorneys and paralegals
at Caplin & Drysdale may perform services for the Committee.
Generally, Caplin & Drysdale's hourly rates are in these ranges:

       Professional                 Hourly Rate
       ------------                 -----------
       Members and Senior Counsel   $510 - $1,250
       Of Counsel                   $470 - $930
       Associates                   $270 - $495
       Paralegals                   $240 - $285

According to the declaration of Ann C. McMillan, Esq., Caplin &
Drysdale has no interest in or connection with any creditor or
other party-in-interest in the Debtor's Chapter 11 proceedings and
does not hold any interest adverse to the interests of the
Committee or the Debtor's asbestos creditors in the matters for
which it is proposed to be employed.

Ms. McMillan subsequently submitted a supplemental declaration to
provide notice of the Firm's "connections" with law firms that the
Debtor has indicated represent clients with asbestos personal
injury claims against the Debtor, but that were not included in the
Debtor's List of Law Firms Representing the 35 Largest Number of
Asbestos Personal Injury Claimants with Open Claims Against the
Debtor, filed on January 14, 2016.

The Firm can be reached at:

          Ann C. McMillan, Esq.
          Kevin C. Maclay, Esq.
          Todd E. Phillips, Esq.
          Kevin M. Davis, Esq.
          Sally J. Sullivan, Esq.
          Cecilia Guerrero, Esq.
          Brigette A. Wolverton, Esq.
          CAPLIN & DRYSDALE, CHARTERED
          One Thomas Circle, NW, Suite 1100
          Washington, DC 20005-5802
          Telephone: (202) 862-5000
          Facsimile: (202) 429-3301
          E-mail: amcmillan@capdale.com
                  kmaclay@capdale.com
                  tphillips@capdale.com
                  kdavis@capdale.com
                  ssullivan@capdale.com

                     About Sepco Corporation

Aurora, Ohio-based Sepco Corporation filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Ohio. Case No. 16-50058) on January 14, 2016.
The petition was signed by Richard J. Szekelyi as chief
restructuring officer.  Buckley King, LPA represents the Debtor as
counsel.  The case has been assigned to Judge Alan M. Koschik.


SEPCO CORP: Asbestos Claimants Tap Brouse McDowell as Co-Counsel
----------------------------------------------------------------
The Official Committee of Asbestos Claimants appointed in the
bankruptcy case of Sepco Corporation seek authority from the U.S.
Bankruptcy Court for the Northern District of Ohio to retain Brouse
McDowell, A Legal Professional Association, as its Ohio co-counsel,
nunc pro tunc to February 29, 2016.

The professional services that Brouse McDowell may render to the
Committee as its Ohio co-counsel, as the Committee may request from
time-to-time, include:

   (a) assisting and advising the Committee in its consultations
       with the Debtor and the Future Claimants' Representative,
       if one is appointed, relative to the overall
       administration of the estate;

   (b) representing the Committee at hearings to be held before
       this Court or Federal District Court or any appellate
       courts and communicating with the Committee regarding the
       matters heard and issues raised as well as the decisions
       and considerations of this Court and any other courts;

   (c) assisting and advising the Committee in its examination
       and analysis of the Debtor's conduct and financial affairs
       and those of its affiliates;

   (d) reviewing and analyzing all applications, orders,
       operating reports, schedules and statements of affairs
       filed and to be filed with this Court by the Debtor or
       other interested parties in this case; advising the
       Committee as to the necessity and propriety of the
       foregoing and their impact upon the rights of
       asbestos-related claimants, and upon the case generally;
       and after consultation with and approval of the Committee
       or its designee(s), consenting to appropriate orders on
       its behalf or otherwise objecting thereto;

   (e) assisting the Committee in preparing appropriate legal
       pleadings and proposed orders as may be required in
       support of positions taken by the Committee and preparing
       witnesses and reviewing documents relevant thereto;

   (f) coordinating the receipt and dissemination of information
       prepared by and received from the Debtor's independent
       certified accountants or other professionals retained by
       it as well as such information as may be received from
       independent professionals engaged by the Committee or the
       FCR, if one is appointed, as applicable;

   (g) assisting the Committee in the solicitation and filing
       with the Court of acceptances or rejections of any
       proposed plan or plans of reorganization;

   (h) assisting and advising the Committee with regard to
       communications to the asbestos-related claimants regarding
       the Committee's efforts, progress and recommendation with
       respect to matters arising in the case as well as any
       proposed plan of reorganization; and

   (i) assisting the Committee generally by providing such other
       services as may be in the best interest of the creditors
       represented by the Committee.

The Committee proposes to pay Brouse McDowell its customary hourly
rates plus reimbursement of actual, necessary expenses incurred by
Brouse McDowell in the course of the representation.  The Committee
anticipates that these Brouse McDowell attorneys and staff will
assist the Committee in this case:

            Attorney/Paralegal     Fee (per hour)
            ------------------     --------------
            Marc B. Merklin              $425
            Kate M. Bradley              $325
            Bridget A. Franklin          $300
            John P. Hickey               $245
            Theresa M. Palcic            $165

According to the Verified Statement of Marc B. Merklin, Esq., a
shareholder at Brouse McDowell, the Firm is "disinterested" as that
term is defined in Section 101(14) of the Bankruptcy Code.

The Firm can be reached at:

          Marc B. Merklin, Esq.
          Kate M. Bradley, Esq.
          Bridget A. Franklin, Esq.
          John P. Hickey, Esq.
          Theresa M. Palcic, Esq.
          BROUSE MCDOWELL
          388 South Main Street, Suite 500
          Akron, OH 44311-4407
          Telephone: (330) 535-5711
          Facsimile: (330) 253-8601
          E-mail: mmerklin@brouse.com
                  kbradley@brouse.com
                  bfranklin@brouse.com
                  jhickey@brouse.com

                     About Sepco Corporation

Aurora, Ohio-based Sepco Corporation filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Ohio. Case No. 16-50058) on January 14, 2016.
The petition was signed by Richard J. Szekelyi as chief
restructuring officer.  Buckley King, LPA represents the Debtor as
counsel.  The case has been assigned to Judge Alan M. Koschik.


SKYLINE CORP: Incurs $520,000 Net Loss in Third Quarter
-------------------------------------------------------
Skyline Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $520,000 on $47.7 million of net sales for the three months
ended Feb. 29, 2016, compared to a net loss of $2.99 million on
$38.10 million of net sales for the three months ended Feb. 28,
2015.

For the nine months ended Feb. 29, 2016, the Company reported net
income of $352,000 on $155 million of net sales compared to a net
loss of $10.2 million on $137 million of net sales for the nine
months ended Feb. 28, 2015.

As of Feb. 29, 2016, Skyline Corp had $50.5 million in total
assets, $26.7 million in total liabilities and $23.8 million in
total shareholders' equity.

Commenting on this quarter's results, President and Chief Executive
Officer Richard Florea said, "Our quarterly results represent a
significant improvement over the prior year's third quarter
performance.  We are pleased, but not yet satisfied, with the
progress we have made in our operational improvement initiatives.
Our top line continues to improve and we saw sales growth both with
our community partners and our independent retailers."

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

                     http://is.gd/wE0lry

                      About Skyline Corp

Skyline Corporation was originally incorporated in Indiana in 1959,
as successor to a business founded in 1951.  Skyline Corporation
and its consolidated subsidiaries designs, produces and markets
manufactured housing, modular housing and park models to
independent dealers and manufactured housing communities located
throughout the United States and Canada.  Manufactured housing is
built to standards established by the U.S. Department of Housing
and Urban Development, modular homes are built according to state,
provincial or local building codes, and park models are built
according to specifications established by the American National
Standards Institute.

For the year ended May 31, 2015, the Company reported a net loss of
$10.41 million compared to a net loss of $11.9 million for the
year ended May 31, 2014.

Crowe Horwath LLP, in Fort Wayne, Indiana, issued a "going concern"
qualification on the consolidated financial statements for the year
ended May 31, 2015, citing that the Company has incurred recurring
operating losses and negative cash flows from operating activities.
The Company has a line of credit in place, however prospective
debt covenant violations may limit the Company's ability to access
these funds which would impact its liquidity.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


SOUTHCROSS ENERGY: Incurs $51.4 Million Net Loss in 2015
--------------------------------------------------------
Southcross Energy Partners, L.P., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss attributable to partners of $51.4 million on $698 million of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss attributable to partners of $36.7 million on $849 million of
total revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Southcross Energy had $1.31 billion in total
assets, $698 million in total liabilities and $621 million in total
partners' capital.

                   Liquidity Consideration

"As of December 31, 2015, we were not in compliance with the
consolidated total leverage ratio of our Financial Covenants (as
defined in Note 8 to our consolidated financial statements) absent
an equity cure of $14.9 million.  We used the remaining $3.0
million of the contractual $13.0 million non-cash equity cure
credit amount from our Credit Agreement Amendment (defined in Note
8 to our consolidated financial statements) to fund a portion of
our equity cure.  On March 17, 2016, we entered into an equity cure
contribution agreement with Holdings whereby we have the right to
cure any default with respect to our Financial Covenants by having
Holdings purchase equity interests in or make capital contributions
to us, in an aggregate amount of up to $50 million. On March 30,
2016, we received $11.9 million from Holdings, pursuant to the
terms of the Equity Cure Agreement, to fund the remaining balance
of the equity cure required to comply with the consolidated total
leverage ratio of our Financial Covenants.  In addition, in
developing our annual budget for 2016, our forecast indicates
future shortfalls in the amount of consolidated EBITDA necessary to
remain in compliance with the consolidated total leverage ratio of
our Financial Covenants in our Credit Facility for the remainder of
2016.  We will have the remaining $38.1 million from the Equity
Cure Agreement available to fund additional equity cures through
the fourth quarter of 2016, as needed, and to assist in the
Partnership's ability to continue as a going concern for a
reasonable period of time.  We believe that this amount will be
sufficient to fund any equity cure requirements during this
period."

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

                      http://is.gd/XfTeVE

              About Southcross Energy Partners, L.P.

Southcross Energy Partners, L.P. is a master limited partnership
that provides natural gas gathering, processing, treating,
compression and transportation services and NGL fractionation and
transportation services.  It also sources, purchases, transports
and sells natural gas and NGLs.  Its assets are located in South
Texas, Mississippi and Alabama and include four gas processing
plants, two fractionation plants and approximately 3,100 miles of
pipeline.  The South Texas assets are located in or near the Eagle
Ford shale region. Southcross is headquartered in Dallas, Texas.
Visit www.southcrossenergy.com for more information.

                             *   *    *

As reported by the TCR on April 5, 2016, Standard & Poor's Ratings
Services said it lowered its corporate credit and senior secured
rating on Southcross Energy Partners L.P. to 'CCC+' from 'B-'.

The TCR reported on Jan. 13, 2016, that Moody's Investors Service
downgraded Southcross Energy Partners, LP's Corporate Family Rating
to Caa1 from B2.  "Southcross' Caa1 CFR reflects its high financial
leverage, limited scale, concentration in the Eagle Ford Shale and
our expectation of continued high leverage and challenging industry
conditions into 2017," according to the report.


SPENDSMART NETWORKS: EisnerAmper Expresses Going Concern Doubt
--------------------------------------------------------------
Spendsmart Networks, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$11.9 million on $5.58 million of total revenues for the year ended
Dec. 31, 2015, compared to a net loss of $12.2 million on $4.03
million of total revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Spendsmart Networks had $3.58 million in total
assets, $5.30 million in total liabilities and a total
stockholders' deficit of $1.71 million.

EisnerAmper LLP, in Iselin, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has recurring losses
and has yet to establish a profitable operation and at December 31,
2015 has negative working capital and stockholders' deficit.  These
factors among others raise substantial doubt about its ability to
continue as a going concern.

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

                      http://is.gd/RVNwNG

                   About SpendSmart Networks

SpendSmart Networks provides proprietary loyalty systems and a
suite of digital engagement and marketing services that help local
merchants build relationships with consumers and drive revenue.
These services are implemented and supported by a vast network of
certified digital marketing specialists, aka "Certified
Masterminds," who drive revenue and consumer relationships for
merchants via loyalty programs, mobile marketing and website
development.  Consumers' dollars go further when they spend it with
merchants in the SpendSmart network of merchants, as they receive
exclusive deals, earn rewards and ultimately build a connection
with their favorite merchants.


SPORTS AUTHORITY: Pushes Back Bankruptcy Auction to May
-------------------------------------------------------
Peg Brickley, writing for Dow Jones' Daily Bankruptcy Review,
reported that Sports Authority Inc. has pushed back the date for a
planned bankruptcy auction amid "substantial" interest from several
potential bidders, a company lawyer said on April 14.

According to the report, Robert Klyman, Esq., one of the lawyers
for the company, told Judge Mary Walrath of the U.S. Bankruptcy
Court in Wilmington, Del. that the retailer hopes for a vigorous
bidding contest for the stores and inventory.  Judge Walrath on
Thursday authorized rules for the auction process.

The DBR report noted that a high level of interest doesn't
necessarily mean that all or most of Sports Authority's business
will survive bankruptcy.  Liquidation firms can bid on distressed
retail operations, and they sometimes best rivals that promise to
keep stores open, the report pointed out.

Leases for 109 stores being closed go on the auction block May 4
while the sale of pretty much everything else Sports Authority owns
is slated for May 16, the report said.

                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.

Andrew Vara, Acting U.S. trustee for Region 3, appointed seven
creditors of Sports Authority Holdings Inc. to serve on the
official committee of unsecured creditors.  Lawyers at Pachulski
Stang Ziehl & Jones LLP represent the Official Committee of
Unsecured Creditors.


SPX FLOW: Moody's Cuts Corporate Family Rating to Ba3
-----------------------------------------------------
Moody's Investors Service downgraded SPX Flow, Inc.'s Corporate
Family Rating (CFR) to Ba3 from Ba2, its probability of default
rating to Ba3-PD from Ba2-PD, and the rating on the $600 million
senior unsecured notes to B1 from Ba3. The rating outlook is
negative. The company's Speculative Grade Liquidity Rating was
affirmed at SGL-3. The downgrade and negative rating outlook
reflect the expectation for ongoing end market weakness to further
pressure sales, pricing, cash flow, and credit ratios.

Moody's took the following rating actions on SPX Flow, Inc.:

-- Corporate family rating, downgraded to Ba3 from Ba2

-- Probability of default rating, downgraded to Ba3-PD from Ba2-
    PD

-- $600 million senior unsecured notes due 2017, downgraded to B1

    from Ba3, LGD5

The Speculative Grade Liquidity Rating was affirmed at SGL-3.

The ratings outlook is negative.

RATINGS RATIONALE

The CFR downgrade to Ba3 reflects Moody's belief that the company
will continue to experience near term revenue pressure as over 20%
of Flow's revenues are exposed to the oil and gas sector that is
undergoing a significant retrenchment because of the drop in energy
prices. Moody's expectations for a weak 2016 follows a difficult
2015 where the company's power and energy segment performance was
negatively affected by the impact of the oil and gas end market
downturn, and Flow faced challenges in its food and beverage and
industrial end markets as well as the drag from a strengthening of
the US dollar, which hurt the earnings translation of its foreign
revenues. Moody's negative industry outlook for the oil and gas
sector was also considered in the downgrade. Moreover, Flow's
debt-to-EBITDA leverage 4.3x projected for 2016 (incorporating
Moody's standard adjustments and adding back restructuring charges
and a one-time pension expense) is anticipated to remain elevated
into 2017 and possibly 2018 as the company's end markets outside of
oil and gas are also experiencing weakness. Moody's believes that
end market weakness will drive more competitive pricing thereby
creating additional margin pressure. Although, the company is
implementing a cost reduction strategy, the full benefits will not
be felt until 2018 at the earliest and are small when compared to
Flow's sales contraction in Moody's opinion.

Although Moody's considers Flow's global scale, extensive
geographic footprint, and end market diversification to be
supportive of a low-to-mid-Ba-rated company, the simultaneous
deterioration in its end market conditions is pressuring revenue
and margins. Longer term, Moody's believes the food segment will
improve and should help provide predictable cash flows while the
energy segment may be in a multi-year downturn. Moody's expectation
for the industrial segment is for slow growth well into 2017.

The B1 rating on the $600 million Senior Notes due 2017 reflects
their most junior position in the company's capital structure.
There is a significant amount of senior secured obligations in the
Flow liability structure, comprised of a $250 million domestic
revolving credit facility, a $400 million Senior Secured Term Loan,
and a $200 million multi-currency revolver.

The SGL-3 rating speculative grade liquidity rating reflects
Moody's expectation for Flow to have adequate liquidity over the
next 12-18 months, supported by existing cash and unused revolver
capacity that should marginally cover the $600 million August 2017
note maturity if the notes are not refinanced. A refinancing of the
notes would improve the company's liquidity. Moody's expects
positive but very modest annual free cash flow in a $10-15 million
range over the next 12-15 months because of the projected EBITDA
decline and significant anticipated outlays related to the cost
restructuring initiatives and pension funding. Moody's anticipates
Flow's cash position at the end of 2016 will be similar or lower
than its year-end 2015 level of $296 million and expects the
majority of the cash to remain outside the U.S. The SGL rating also
captures Moody's expectation that Flow will remain in compliance
with its covenants over the next 12 months.

The ratings could be downgraded, if credit metrics were anticipated
to deteriorate further as a result of decline in revenues or
margins, particularly if Debt to EBITDA is expected to be over 4.5x
or EBITA to Interest was expected to fall below 4.0x on a
sustainable basis (all ratios on a Moody's adjusted basis). Also, a
deterioration in liquidity or an inability to improve its cost
structure to offset most of the contraction in revenues could
result in a rating downgrade.

Longer term, the company's growth will likely include acquisitions
as it seeks to expand its product offerings. Although not
anticipated over the intermediate term, meaningful debt-funded
acquisitions and/or a more aggressive financial policy leading
credit metrics towards the down triggers would also pressure the
ratings.

An upgrade in the near term is not anticipated given Flow's current
weak end markets and Moody's expectation for only flat-to-modest
near-term improvement. Moreover, upward ratings traction is
constrained by macro factors tied to deterioration in the end
markets. However, continued deleveraging and a successful
integration of future acquisitions with Debt to EBITDA expected to
be below 3.5x and Free Cash Flow to Debt above 10% would provide
positive ratings traction.

The negative rating outlook considers that while Flow should
generate over $100 million in normalized free cash flow annually at
the projected 2016 EBITDA level, the company's actual free cash
flow in 2016 will be low or negligible because of significant
spending on plant closures and pension obligations. Uncertainty
regarding the end markets could create challenges to improving free
cash flow meaningfully in 2017. While expense reduction efforts
help support long term margin improvement, it postpones the
company's ability to pay down debt. Moreover, Moody's does not
anticipate a meaningful improvement in end market demand over the
next 18 months as evidenced by Flow's contracting backlog in all
three segments and further weakening could result in a ratings
downgrade. The cost of refinancing its $600 million in unsecured
notes, due in the second half of 2017, could increase if the
company's end markets weaken further.

SPX Flow is a spinoff from SPX Corporation with annual revenues
approximating $2.4 billion in 2015. The company is comprised of
three segments: Food and Beverage 37% of sales, Power and Energy
31% of sales, and Industrial 32% sales. Although, the company
primarily focuses on fluids, Moody's considers the company
reasonably well diversified as it serves many industries. The North
American market comprises 36% of sales, while the second largest
market is Europe at 28% closely followed by Asian market at 26%.
The company's large foreign exposure results in higher earnings
volatility, particularly due to strengthening of the U.S. dollar.


STAR COMPUTER: Seeks to Sell Miami Warehouse to Viro for $6.5MM
---------------------------------------------------------------
Star Computer Group, Inc., seeks authority from the U.S. Bankruptcy
Court to sell the warehouse property where its office is located at
2155-2185 N.W. 115 Avenue, in Miami, Florida, to Viro Enterprises,
LLC, for a purchase price of $6,500,000.

The Debtor proposes to conduct the auction on May 11, 2016.  Any
person or entity who wishes to participate in the Auction must
submit a binding and committed proposal in writing, with a 15%
deposit of the Purchase Price -- $975,000 -- on or before May 4,
2016.

The Debtor proposes that the Proposed Purchaser shall be entitled
to reimbursement of its actual costs incurred in connection with
the proposed sale up to an amount not to exceed 1% of the Purchase
Price -- $65,000 -- in the event the Seller receives a higher and
better offer as determined by the Court, and such bidder closes on
the sale.

The Debtor says it had been engaged in extensive efforts to market
the Property for a potential sale, and at least five written offers
or expressions of interest were submitted, and so far the Purchase
Agreement of Proposed Purchaser represents the highest and best
offer received to date for the Property, and upon closing will
yield approximately $600,000 in excess of the secured debt with
liens on the Property, so that the Debtor has entered into the
Purchase Agreement subject to the submission of higher and better
offers and Bankruptcy Court approval.

Star Computer Group, Inc. is represented by:

     Corali Lopez-Castro, Esq.
     KOZYAK TROPIN & THROCKMORTON, P.A.
     2525 Ponce de Leon Blvd., 9th Floor
     Miami, Florida 33134
     Telephone: 305-372-1800
     Facsimile: 305-372-3508
     E-mail: clc@kttlaw.com

          About Star Computer Group

Star Computer Group, Inc., sought Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 15-28100) on Oct. 12, 2015.  The
petition was signed by James S. Howard as chief restructuring
officer.

The Debtor listed assets of $22.7 million and liabilities of $68.3
million.

Founded in 1994 with its office located at 2175 N.W. 115 Avenue,
Miami, FL 33172, the Company was engaged in the business of
supplying wholesale computers, smart phones, and related equipment
and software to dealers and wholesales in Latin America.  The
Company is jointly owned by Henry Waissmann (54%) and Henry Aguilar
(46%).

The Debtor has engaged Kozyak, Tropin & Throckmorton, P.A., as
bankruptcy counsel, GlassRatner as financial advisor, Fuerst
Ittleman David & Joseph PL as special tax counsel, and Cherry
Bekaert, LLP as accountants.

Judge Jay Cristol is assigned to the case.

The U.S. Trustee for Region 21, appointed five creditors to serve
in the official committee of unsecured creditors.  The Committee is
represented by Stearns Weaver Miller Weissler Alhadeff & Sitterson,
P.A., as counsel


SUNEDISON INC: Easy Money Fueled Company's Rapid Expansion
----------------------------------------------------------
Liz Hoffman, writing for Dow Jones' Daily Bankruptcy Review,
reported that in June 2015, two dozen SunEdison Inc. senior
managers gathered in Paris to hear a forecast from Chief Executive
Ahmad Chatila.  By 2020, he said, the renewable-energy startup
would be worth more than $350 billion and some day it would be as
big as Apple or Google, the report related.

Born out of financial engineering that supercharged its growth,
SunEdison had taken advantage of low interest rates and a flood of
hedge-fund cash to transform itself into a darling of the
clean-energy world, however, 10 months later, SunEdison is working
with advisers on a possible bankruptcy filing, according to people
familiar with the matter.  Nearly $10 billion in shareholder value
has evaporated, the report said.

The story of SunEdison's swift rise and calamitous fall, pieced
together from internal documents, regulatory and court filings and
interviews with more than a dozen current and former employees and
advisers, shows what can happen when executive overreach meets
fizzy markets, the report related.  Mesmerized by the promise of
high yields and fast growth, investors turned a blind eye to
operational warning signs that ultimately left the company
vulnerable to a rise in interest rates, the report added.

                       About SunEdison Inc.

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.


SUNEDISON INC: In Talks on Potential DIP Financing Transactions
---------------------------------------------------------------
SunEdison, Inc., and certain of its first and second lien lenders
entered into confidentiality agreements under which certain
information regarding the Company was provided in connection with
proposed debtor-in-possession financing transactions.  Under
certain of those agreements, the Company has agreed to publicly
file certain information, a copy of which is available at no charge
at http://is.gd/CrHfzF

The Company said in a regulatory filing with the Securities and
Exchange Commission that the negotiations with respect to those
potential financing transactions (including intercreditor issues
and other material terms thereof) are still ongoing, and there can
be no assurance that any agreement will be reached with respect
thereto.

                          About SunEdison

SunEdison, Inc. is a developer and seller of photovoltaic energy
solutions, an owner and operator of clean power generation assets,
and a global leader in the development, manufacture and sale of
silicon wafers to the semiconductor industry.

As of Sept. 30, 2015, SunEdison had $20.71 billion in total assets,
$16.14 billion in total liabilities, $69 million in redeemable
noncontrolling interests, and $4.50 billion in total stockholders'
equity.

For the nine months ended Sept. 30, 2015, SunEdison reported a net
loss of $1 billion compared to anet loss of $985 million for the
same period in 2014.


SUNEDISON INC: Reportedly Preparing for Bankruptcy
--------------------------------------------------
Diane Cardwell, writing for The New York Times' DealBook, reported
that SunEdison, Inc., which grew from making chemicals and
components for solar modules to become a giant of the renewable
energy business, is preparing for bankruptcy, according to a filing
with regulators on April 15.

According to DealBook, the filing signaled the potential end to
SunEdison's ambition to become the world's leading renewable energy
development company.  And it comes after the fall of another clean
energy company, Abengoa, which is going through proceedings in the
United States and Spain as it seeks to avoid becoming that
country's largest corporate failure, the report noted.

In the regulatory filing with the U.S. Securities and Exchange
Commission, the company disclosed that on March 17, 2016, SunEdison
and certain of its first and second lien lenders entered into
confidentiality agreements under which certain information
regarding the Company was provided in connection with proposed
debtor-in-possession financing transactions.  The negotiations with
respect to the potential financing transactions (including
intercreditor issues and other material terms thereof) are still
ongoing, and there can be no assurance that any agreement will be
reached, the Company said.

The DealBook pointed out that a presentation made to creditors on
March 17 said the company was running out of cash and would need a
$310 million loan to make it through the bankruptcy process.  It
has already reduced staff 40 percent from October 2015 levels, a
reduction it plans to push to 50 percent, the report said.

                    About SunEdison Inc.

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.


TONGJI HEALTHCARE: Anton & Chia Expresses Going Concern Doubt
-------------------------------------------------------------
Tongji Healthcare Group, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $589,000 on $2.37 million of total operating revenue for
the year ended Dec. 31, 2015, compared to a net loss of $462,000 on
$2.52 million of total operating revenue for the year ended Dec.
31, 2014.

As of Dec. 31, 2015, Tongji Healthcare had $16.9 million in total
assets, $19.8 million in total liabilities and a total
stockholders' deficit of $2.87 million.

The Company had net working capital deficit of $17.8 million on
Dec. 31, 2015, which is an increase of $313,000 over a net working
capital deficit of $17.5 million on Dec. 31, 2014.   

Anton & Chia, LLP, in Newport Beach, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015.

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

                      http://is.gd/gSiiVa

                    About Tongji Healthcare

Based in Nanning, Guangxi, the People's Republic of China, Tongji
Healthcare Group, Inc., a Nevada corporation, operates Nanning
Tongji Hospital, a general hospital with 105 licensed beds.


TRIANGLE PETROLEUM: Reports $822 Million Net Loss for 2015
----------------------------------------------------------
Triangle Petroleum Corporation filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $822 million on $358 million of total revenues for the year
ended Jan. 31, 2016, compared to net income of $93.4 million on
$573 million of total revenues for the year ended Jan. 31, 2015.

As of Jan. 31, 2016, Triangle Petroleum had $753 million in total
assets, $1.01 billion in total liabilities and a total
stockholders' deficit of $265 million.

"Although the Company is continuing to minimize its capital
expenditures, reduce costs and maximize cash flows from operations,
its liquidity outlook has changed since the third quarter of fiscal
year 2016.  Continued low commodity prices are expected to result
in significantly lower levels of cash flow from operating
activities in the future and have limited the Company's ability to
access capital markets.  As a result of these and other factors,
there is substantial doubt about the Company's ability to continue
as a going concern," according to the report.

As of Jan. 31, 2016, the Company had approximately $911 million of
debt outstanding, consisting of $243.8 million for the TUSA credit
facility, $112 million for the RockPile credit facility, $398
million for the TUSA 6.75% Notes, $143 million for the Convertible
Note, and $14.1 million for other notes and mortgages.

As of Jan. 31, 2016, the Company had cash of $116 million
consisting primarily of cash held in bank accounts, as compared to
$67.9 million at Jan. 31, 2015.  At Jan. 31, 2016, the Company also
had available borrowing capacity of $103.7 million under the TUSA
credit facility and $38.0 million under the RockPile credit
facility.  On March 31, 2016, the Company borrowed an additional
$103.7 million under the TUSA credit facility, representing the
entire amount remaining thereunder relative to the current
borrowing base.  After these additional borrowings, the Company had
cash and cash equivalents of $206.2 million as of March 31, 2016.

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

                      http://is.gd/oOkwzg

                    About Triangle Petroleum

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 PUMPING: Involuntary Chapter 11 Case Summary
----------------------------------------------------
Alleged Debtor: Trinity Pumping Units, LLC
                24 Smith Road, Suite 503
                Midland, TX 79705

Case Number: 16-70040

Involuntary Chapter 11 Petition Date: March 23, 2016

Court: United States Bankruptcy Court
       Western District of Texas (Midland)

Judge: Hon. Ronald B. King

Petitioners' Counsel: Bernard R. Given, II, Esq.
                      LOEB & LOEB LLP
                      10100 Santa Monica Blvd Suite 2200
                      Los Angeles, CA 90067
                      Tel: 310-282-2000
                      Fax: 310-282-2200
                      E-mail: bgiven@loeb.com

   Petitioners                  Nature of Claim  Claim Amount
   -----------                  ---------------  ------------
Shores Lift Solutions Inc.         Trade Debt        $9,095
203 W. Wall Street, Suite 400
Midland, TX 79701

BlackGold Equipment LLC            Trade Debt    $4,871,000
15819 Tuckerton Road
Houston, TX 77095

CraneWorks Rentals, LLC            Trade Debt       $66,387
40 Leawood Drive
New Century, KS 66031


TRINITY TOWN: U.S. Trustee Seeks Dismissal of Ch. 11 Case
---------------------------------------------------------
Guy G. Gebhardt, the Acting United States Trustee for Region 21,
asks the U.S. Bankruptcy Court for the Middle District of Florida
to dismiss or convert the bankruptcy case of Trinity Town Center
LLLP pursuant to Section 1112(b) of the Bankruptcy Code.

The Debtor owns a partially constructed office/retail complex
located in Trinity, Florida that entails 13.43 acres.  On the
property there are several buildings and a parking garage.

Pursuant to his authority under as United States Trustee, Mr.
Gebhardt informs the Court that he requested that the Debtor
furnish proof of general liability and property insurance on all of
the Debtor's real property.

Sunfield Homes, Inc., a creditor, purchased and provided proof of
property and liability coverage for Building A only, Mr. Gebhardt
says.  To date, he asserts, the Debtor has not provided him with
proof of liability and property insurance coverage for the
remaining buildings or parking garage located on the Debtor's
premises.

Mr. Gebhardt contends that the lack of liability and property
coverage places the bankruptcy estate at significant risk, and that
the failure to maintain property coverage places the bankruptcy
estate at risk of loss due to fire, theft, or other casualty.

Since the property is open to the public and parts of it are
currently in use, the lack of liability coverage exposes the
bankruptcy estate to any kind of accident by the public on the
Debtor's premises, Mr. Gebhardt asserts.  He argues that the
failure to provide this information is a basis for dismissal or
conversion under Sections 1112 (b)(4)(C) & (H) of the Bankruptcy
Code.

Mr. Gebhardt also alleges that although the case has been pending
for over two months and although he has made numerous requests for
proof of insurance, the Debtor, through its Chief Restructuring
Officer, Maynard Leutgert, has been unable to secure insurance
coverage.  He asserts that a two-month delay in obtaining insurance
is unacceptable, with no reasonable justification, and suggests
gross mismanagement of the Debtor's business.  Thus, he says, the
appointment of a Chapter 11 trustee or conversion to Chapter 7 may
be appropriate in this case.

Additionally, Mr. Gebhardt points out, the Debtor failed to timely
provide these information:

   * Amendments to the Schedules and Statement of Financial
     Affairs regarding unexpired leases, rental deposits, rental
     income, and any potential causes of action against the
     principal, William Planes, or any affiliated or related
     entities.  On March 23, 2016, the Debtor filed amendments to
     Schedules A, B, G, and H that were struck by the Court on
     March 24, 2016;

   * Documentation supporting assignment of leases between the
     Debtor and its tenants to Trinity Corner, LLC;

   * Applications to approve employment of Steven Cash and
     Patricia Friend through Diversified Home Services; and

   * Although the Debtor filed its Plan of Liquidation on
    January 22, 2016, it has failed to file a disclosure
     statement.

The U.S. Trustee is represented by:

          Nicole Peair, Esq.
          TRIAL ATTORNEY, UNITED STATES DEPARTMENT OF JUSTICE
          501 E. Polk Street, Suite 1200
          Tampa, FL 33602
          Telephone: (813) 228-2000
          Facsimile: (813) 228-2303
          E-mail: Nicole.w.peair@usdoj.gov

                    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.


TRISTREAM EAST: U.S. Trustee Forms 3-Member Committee
-----------------------------------------------------
The Office of the U.S. Trustee on April 13 appointed three
creditors of Tristream East Texas, LLC, to serve on the official
committee of unsecured creditors.

The committee members are:

     (1) Thermo Control, Inc.
         Attn: Edgar Franco
         1991 CR2630
         Mt. Pleasant, TX 75455
         Tel. 903-588-2337
         Fax 903-588-2336
         Email: edgar.franco@thermocontrolinc.com

         Counsel: Baker & Associates
         Attn: Patrick J. Gilpin, Jr., Esq.
         5151 Katy Freeway, Suite 200
         Houston, TX 77007
         Tel. 713-869-9200
         Fax 713-869-9100
         Email: patrick.gilpin@bakerassociates.com

     (2) Hy-Tech Insulation, Inc.
         Attn: Tammy Fletcher
         P.O. Box 2084
         Kilgore, TX 75663
         Tel. 903-238-6806
         Fax 903-983-4871
         Email: tfletcher@hy-techinsulation.com

     (3) Utility Rebate Consultants, Inc.
         Attn: Dan Mailath
         2526 East 71st Street, Suite E
         Tulsa, OK 74136
         Tel. 918-510-6480
         Fax 918-496-0005
         Email: dgm@urcinc.com

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                         About Tristream

Headquartered in Houston, Texas, Tristream East Texas, LLC is a
wholly owned subsidiary of Tristream Energy, LLC, a Delaware
limited liability company.  The Debtor is a midstream operating
company that provides gas gathering and processing services to
producers from facilities in East Texas.

Tristream East Texas filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Tex. Case No. Case No. 16-31521) on March 30, 2016.
The petition was signed by Reid Smith as CEO.  The Debtor estimated
assets and liabilities in the range of $10 million to $50 million.
Coats Rose, P.C. serves as the Debtor's counsel.  Judge David R.
Jones has been assigned the case.


TRONOX INC: Bank Debt Trades at 6% Off
--------------------------------------
Participations in a syndicated loan under which Tronox Inc is a
borrower traded in the secondary market at 94.18
cents-on-the-dollar during the week ended Friday, April 8, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.65 percentage points from the
previous week.  Tronox Inc pays 300 basis points above LIBOR to
borrow under the $1.5 billion facility. The bank loan matures on
March 15, 2020 and carries Moody's B1 rating and Standard & Poor's
BB+ rating.  The loan is one of the biggest gainers and losers
among 247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended April 8.


TXU CORP: Bank Debt Trades at 73% Off
-------------------------------------
Participations in a syndicated loan under which TXU Corp is a
borrower traded in the secondary market at 26.55
cents-on-the-dollar during the week ended Friday, April 8, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 2.88 percentage points from the
previous week.  TXU Corp pays 350 basis points above LIBOR to
borrow under the $3.45 billion facility. The bank loan matures on
Oct. 10, 2014 and carries Moody's WR rating and Standard & Poor's
NR rating.  The loan is one of the biggest gainers and losers among
247 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended April 8.


VALEANT PHARMACEUTICALS: Bank Debt Trades at 3% Off
---------------------------------------------------
Participations in a syndicated loan under which Valeant
Pharmaceuticals is a borrower traded in the secondary market at
96.52 cents-on-the-dollar during the week ended Friday, April 8,
2016, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 2.49 percentage points
from the previous week.  Valeant Pharmaceuticals pays 325 basis
points above LIBOR to borrow under the $2.35 billion facility. The
bank loan matures on April 9, 2022 and carries Moody's Ba2 rating
and Standard & Poor's BB rating.  The loan is one of the biggest
gainers and losers among 247 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended April 8.


VENOCO INC: Section 341 Meeting Scheduled for April 21
------------------------------------------------------
Andrew R. Vara, Acting U.S. Trustee for Region 3, will convene a
meeting of creditors in the Chapter 11 cases of Venoco, Inc., et
al., on April 21, 2016, at 3:00 p.m.  The meeting will be held at
J. Caleb Boggs Federal Building 844 King Street 2nd Floor, Room
2112 Wilmington, Delaware.

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

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

                          About Venoco

Headquartered in Denver, Colorado, Venoco, Inc., Denver Parent
Corporation, TexCal Energy (LP) LLC, Whittier Pipeline
Corporation,
TexCal Energy (GP) LLC, Ellwood Pipeline, Inc., and TexCal Energy
South Texas, L.P. are independent energy companies primarily
focused on the acquisition, exploration, production and
development
of oil and gas properties in California.   As of the Petition
Date,
the Debtors held interests in approximately 72,053 net acres in
California, of which 48,836 are developed.  As of the Petition
Date, the Debtors employed approximately 160 people.

The Debtors were founded by Timothy M. Marquez in Carpinteria,
California in 1992.  In January 2012, Denver Parent Company, an
affiliate of Mr. Marquez, who then owned 50% of the outstanding
shares of Venoco common stock, took the company private again by
acquiring all of the outstanding common stock for $12.50 per
share.

After going private in January 2012, the Debtors were left with
significant debt obligations, which in 2012 exceeded $845 million,
as disclosed in filings with the Court.  Between 2012 and 2014,
the
Debtors completed a number of asset sales, generating over $470
million in net proceeds for capital expenditures and for paydowns
of the debt.

Venoco, Inc., et al., filed Chapter 11 bankruptcy petitions
(Bankr.
D. Del. Proposed Lead Case No. 16-10655) on March 18, 2016.  The
Debtors estimated assets in the range of $100 million to $500
million and debts of up to $1 billion.  Hon. Kevin Gross has been
assigned the cases.

The Debtors have hired Morris, Nichols, Arsht & Tunnell, LLP and
Bracewell LLP as counsel; PJT Partners LP as financial advisor;
Deloitte LLP as restructuring advisor; Ernst & Young LLP as
independent auditor and tax advisor and BMC Group, Inc. as notice,
claims and balloting agent.


VICTORY ENERGY: Kenneth Hill Assumes Acting CFO Role
----------------------------------------------------
As previously reported, the Board of Directors of Victory Energy
Corporation appointed Mr. Jeff Marlowe as interim chief financial
officer of the Company.  Mr. Marlowe will be replacing Mr. Fred J.
Smith, Jr., who has tendered his resignation as Chief Financial
Officer effective April 15, 2016.  Mr. Marlowe will be located at
Company headquarters in Austin, Texas.

Due to Mr. Marlowe's current employment with Bridgepoint Consulting
LLC, Mr. Kenneth Hill, director, chief executive officer, and
president of the Company, concurrently assumed the function of
acting chief financial officer, and supported by Mr. Marlowe and
Bridgepoint under a consulting agreement between Bridgepoint and
the Company, pending the conclusion of an employment agreement
between Mr. Marlowe and the Company.

                    About Victory Energy

Austin, Texas-based Victory Energy Corporation is engaged in the
exploration, acquisition, development and exploitation of domestic
oil and gas properties.  Current operations are primarily located
onshore in Texas, New Mexico and Oklahoma.

Victory Energy reported a net loss of $4.90 million on $650,648 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $4.22 million on $695,318 of total revenues for the year
ended Dec. 31, 2014.  As of Dec. 31, 2015, Victory Energy had $1
million in total assets, $3.73 million in total liabilities and a
total stockholders' deficit of $2.72 million.

Weaver and Tidwell, L.L.P., in Houston, Texas, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has
experienced recurring losses since its inception and has an
accumulated deficit.  These conditions raise substantial doubt
regarding the Company's ability to continue as a going concern.


VIRTUAL PIGGY: Appoints John Coyne as New CEO
---------------------------------------------
Kathe Anchel resigned from her positions as president and chief
executive officer and as a member of the Board of Directors of
Virtual Piggy, Inc., on April 9, 2016.  Ms. Anchel's resignation
letter claims constructive discharge by the Company from her
positions as president and chief executive officer due to a number
of disagreements about the Company's operating and strategic
direction, and the Company believes that her resignation from the
Board of Directors was the result of the aforementioned
disagreements with the Company relating to its operations, policies
or practices.

On April 14, 2016, the Company appointed John Coyne as chief
executive officer and as Chairman of the Board and a member of its
Board of Directors, with those appointments to take effect on
April 18, 2016.  Mr. Coyne, aged 63, has over 30 years' experience
in the technology, financial services, media and defense
industries.  He has operated start-up businesses and consulted for
Fortune 500 companies.  Notable career achievements include
creating the most advanced reusable financial software library in
the US for Systemhouse (a Canadian services company), that was
purchased by MCI.  Coyne also led the technology team for NYNEX in
the Bell Atlantic/Nynex merger (that became Verizon).  Coyne was
the key technologist consulting for Netscape that led to Citibank's
entry into internet banking and the creation of the brand "eCiti".
More recently, Mr. Coyne provided advisory services to European
banking institutions, including the Bank of England and the Dutch
financial regulators.  Mr. Coyne has multiple patents and current
applications for patents, in software, electronics, bio tech and
green energy.

As an employee director, Mr. Coyne will not serve on any committees
of the Board.  Mr. Coyne has not engaged in any transactions with
the company since Jan. 1, 2015, that would require disclosure
pursuant to item 404(a) of Regulation S-K.

In this connection with his appointment, the Company also
simultaneously entered into an Employment Agreement with Mr. Coyne
pursuant to which he will be employed on an at will basis at an
annual salary of $240,000 during the first year of employment.

A full-text copy of the Form 8-K report filed with the Securities
and Exchange Commission is available at http://is.gd/Xo9S7A

                About Oink (Virtual Piggy, Inc.)

Virtual Piggy is the provider of Oink, a secure online and in-store
teen wallet.  Oink enables teens to manage and spend money within
parental controls, while gaining valuable financial management
skills.  The technology company also delivers payment platforms
designed for the Under 21 age group in the global market, and
enables online businesses the ability to function in a  manner
consistent with the Children's Online Privacy Protection Act and
similar international children's privacy laws.  The company, based
in Hermosa Beach, CA, is on the Web at: http://www.oink.com/and
holds three technology patents, US Patent No. 8,762,230, 8,650,621
and 8,812,395.

Virtual Piggy reported a net loss attributable to common
stockholders of $8.74 million on $23,564 of sales for the year
ended Dec. 31, 2015, compared to a net loss attributable to common
stockholders of $16.60 million on $5,708 of sales for the year
ended Dec. 31, 2014.  As of Dec. 31, 2015, Virtual Piggy had
$776,759 in total assets, $7.43 million in total liabilities, all
current and a $6.65 million stockholders' deficit.

Morison Cogen LLP, in Blue Bell, Pennsylvania, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company's losses from
development activities raise substantial doubt about its ability to
continue as a going concern.


VIRTUAL PIGGY: Martha Snider Quits as Director
----------------------------------------------
Martha McGeary Snider resigned from her position as a member of the
Board of Directors of Virtual Piggy, Inc. and her title as Chairman
of the Board on April 11, 2016.  The Company believes that the
resignation of Ms. Snider from the Board of Directors was for both
personal reasons and due to a number of disagreements about the
Company's operating and strategic direction, which relate to the
Company's operations, policies or practices, as disclosed in a Form
8-K report filed with the Securities and Exchange Commission.

               About Oink (Virtual Piggy, Inc.)

Virtual Piggy is the provider of Oink, a secure online and in-store
teen wallet.  Oink enables teens to manage and spend money within
parental controls, while gaining valuable financial management
skills.  The technology company also delivers payment platforms
designed for the Under 21 age group in the global market, and
enables online businesses the ability to function in a  manner
consistent with the Children's Online Privacy Protection Act and
similar international children's privacy laws.  The company, based
in Hermosa Beach, CA, is on the Web at: http://www.oink.com/and
holds three technology patents, US Patent No. 8,762,230, 8,650,621
and 8,812,395.

Virtual Piggy reported a net loss attributable to common
stockholders of $8.74 million on $23,564 of sales for the year
ended Dec. 31, 2015, compared to a net loss attributable to common
stockholders of $16.60 million on $5,708 of sales for the year
ended Dec. 31, 2014.  As of Dec. 31, 2015, Virtual Piggy had
$776,759 in total assets, $7.43 million in total liabilities, all
current and a $6.65 million stockholders' deficit.

Morison Cogen LLP, in Blue Bell, Pennsylvania, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company's losses from
development activities raise substantial doubt about its ability to
continue as a going concern.


VIRTUAL PIGGY: Morison Cogen Expresses Going Concern Doubt
----------------------------------------------------------
Virtual Piggy, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting a net loss
attributable to common stockholders of $8.74 million on $23,564 of
sales for the year ended Dec. 31, 2015, compared to a net loss
attributable to common stockholders of $16.60 million on $5,708 of
sales for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Virtual Piggy had $776,759 in total assets,
$7.43 million in total liabilities, all current and a $6.65 million
stockholders' deficit.

Morison Cogen LLP, in Blue Bell, Pennsylvania, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company's losses from
development activities raise substantial doubt about its ability to
continue as a going concern.

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

                      http://is.gd/YwtItv

                About Oink (Virtual Piggy, Inc.)

Virtual Piggy is the provider of Oink, a secure online and in-store
teen wallet.  Oink enables teens to manage and spend money within
parental controls, while gaining valuable financial management
skills.  The technology company also delivers payment platforms
designed for the Under 21 age group in the global market, and
enables online businesses the ability to function in a  manner
consistent with the Children's Online Privacy Protection Act and
similar international children's privacy laws.  The company, based
in Hermosa Beach, CA, is on the Web at: http://www.oink.com/and
holds three technology patents, US Patent No. 8,762,230, 8,650,621
and 8,812,395.


VISCOUNT SYSTEMS: Dale Matheson Raises Going Concern Doubt
----------------------------------------------------------
Viscount Systems, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
attributable to common stockholders of C$6.33 million on C$6.13
million of sales for the year ended Dec. 31, 2015, compared to a
net loss of attributable to common stockholders of C$990,681 on
C$4.76 million of sales for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Viscount had C$1.66 million in total assets,
C$10.23 million in total liabilities and a total stockholders'
deficit of $8.57 million.

Dale Matheson Carr-Hilton Labonte LLP, in Vancouver, Canada, issued
a "going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that
the Company has incurred losses in developing its business, and
further losses are anticipated in the future.  The Company requires
additional funds to meet its obligations and the costs of its
operations and there is no assurance that additional financing can
be raised when needed.  These factors raise substantial doubt about
the Company's ability to continue as a going concern, the auditors
noted.

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

                      http://is.gd/p3mGN8

                     About Viscount Systems

Burnaby, Canada-based Viscount Systems, Inc., is a manufacturer,
developer and service provider of access control security
products.


WIND ENTERTAINMENT: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------------
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 Wind Entertainment Corp.

Wind Entertainment Corp. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Nev. Case No. 16-10391) on January 28,
2016. The Debtor is represented by Samuel A. Schwartz, Esq., at
Schwartz Flansburg PLLC.



[*] Moody's Says US banks Are Feeling the Impact of Low Oil Prices
------------------------------------------------------------------
The low price of oil is hurting the credit strength of US regional
banks with significant exposure to energy companies, says Moody's
Investor's Service. The financial stress on the sector is leading
some banks to increase loan provisions, suggesting an increased
likelihood of credit losses.

Moody's has accordingly updated its stress scenarios for regional
banks that lend to the energy sector to incorporate the ongoing
developments in the industry.

The updated stress tests incorporate the fact that Moody's has
lowered the median ratings of the US upstream and oilfield services
companies in the Americas to Caa1 from B2 and Caa1 from B3,
respectively.

"We have also accordingly increased our probability of default
assumptions for loans to these companies to reflect the growing
stress on energy sector borrowers," said Megan Snyder, an Analyst
at Moody's.

The stress scenarios also incorporate the potential spillover
effects of the oil slump in energy driven economies, according to
the report "Banks -- United States; Credit Profiles of
Energy-Concentrated Banks Weakened by Oil Price Slump."

On April 13, Moody's took rating actions on four US regional banks
with above-average energy exposure (Hancock Holding Company
(Hancock, Baa3 Stable), BOK Financial Corporation (BOK, A3 Stable),
Cullen/Frost Bankers, Inc. (Cullen/Frost, A3 Stable) and Texas
Capital Bancshares, Inc. (Texas Capital, Baa3 Negative).

These four US regional banks have the largest energy-lending
concentrations of Moody's-rated US banks, which materially
increases their asset risk especially given the likelihood that oil
prices will remain depressed for an extended period.



[^] BOND PRICING: For the Week from April 11 to 15, 2016
--------------------------------------------------------
   Company                   Ticker Coupon Bid Price   Maturity
   -------                   ------ ------ ---------   --------
99 Cents Only Stores LLC     NDN     11.000    43.750 12/15/2019
A. M. Castle & Co            CAS     12.750    71.969 12/15/2016
A. M. Castle & Co            CAS      7.000    46.250 12/15/2017
ACE Cash Express Inc         AACE    11.000    40.000   2/1/2019
ACE Cash Express Inc         AACE    11.000    40.125   2/1/2019
Affinion Investments LLC     AFFINI  13.500    43.954  8/15/2018
Alpha Appalachia
  Holdings Inc               ANR      3.250     1.257   8/1/2015
Alpha Natural
  Resources Inc              ANR      9.750     0.320  4/15/2018
Alpha Natural Resources Inc  ANR      6.000     0.500   6/1/2019
Alpha Natural Resources Inc  ANR      7.500     0.500   8/1/2020
Alpha Natural Resources Inc  ANR      3.750     0.500 12/15/2017
Alpha Natural Resources Inc  ANR      4.875     0.125 12/15/2020
Alpha Natural Resources Inc  ANR      7.500     0.472   8/1/2020
Alta Mesa Holdings LP /
  Alta Mesa Finance
  Services Corp              ALTMES   9.625    39.400 10/15/2018
American Eagle Energy Corp   AMZG    11.000    16.375   9/1/2019
American Eagle Energy Corp   AMZG    11.000    16.375   9/1/2019
American Energy-Permian
  Basin LLC / AEPB
  Finance Corp               AMEPER   7.125    30.500  11/1/2020
American Energy-Permian
  Basin LLC / AEPB
  Finance Corp               AMEPER   7.375    31.000  11/1/2021
American Energy-Permian
  Basin LLC / AEPB
  Finance Corp               AMEPER   7.119    24.000   8/1/2019
American Energy-Permian
  Basin LLC / AEPB
  Finance Corp               AMEPER   7.375    30.625  11/1/2021
American Energy-Permian
  Basin LLC / AEPB
  Finance Corp               AMEPER   7.119    30.125   8/1/2019
American Energy-Permian
  Basin LLC / AEPB
  Finance Corp               AMEPER   7.125    30.125  11/1/2020
American Gilsonite Co        AMEGIL  11.500    50.250   9/1/2017
American Gilsonite Co        AMEGIL  11.500    50.000   9/1/2017
Anadarko Petroleum Corp      APC      5.950   101.694  9/15/2016
Appvion Inc                  APPPAP   9.000    30.090   6/1/2020
Appvion Inc                  APPPAP   9.000    38.125   6/1/2020
Arch Coal Inc                ACI      7.000     0.800  6/15/2019
Arch Coal Inc                ACI      7.250     0.522  10/1/2020
Arch Coal Inc                ACI      8.000     1.375  1/15/2019
Arch Coal Inc                ACI      8.000     1.517  1/15/2019
Armstrong Energy Inc         ARMS    11.750    34.000 12/15/2019
Armstrong Energy Inc         ARMS    11.750    30.000 12/15/2019
Aspect Software Inc          ASPECT  10.625    63.000  5/15/2017
Aspect Software Inc          ASPECT  10.625    62.875  5/15/2017
Aspect Software Inc          ASPECT  10.625    62.875  5/15/2017
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp               ARP      9.250    14.122  8/15/2021
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp               ARP      7.750    13.875  1/15/2021
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp               ARP      9.250    14.625  8/15/2021
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp               ARP      9.250    14.625  8/15/2021
Avaya Inc                    AVYA    10.500    26.750   3/1/2021
Avaya Inc                    AVYA    10.500    26.750   3/1/2021
BPZ Resources Inc            BPZR     6.500     5.000   3/1/2015
BPZ Resources Inc            BPZR     6.500     2.398   3/1/2049
Basic Energy Services Inc    BAS      7.750    31.250  2/15/2019
Berry Petroleum Co LLC       LINE     6.375    21.000  9/15/2022
Berry Petroleum Co LLC       LINE     6.750    19.650  11/1/2020
Black Elk Energy Offshore
  Operations LLC /
  Black Elk Finance Corp     BLELK   13.750     2.250  12/1/2015
Bon-Ton Department
  Stores Inc/The             BONT    10.625    82.250  7/15/2017
Bonanza Creek Energy Inc     BCEI     6.750    29.000  4/15/2021
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp               BBEP     8.625     8.750 10/15/2020
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp               BBEP     7.875     7.750  4/15/2022
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp               BBEP     8.625     7.750 10/15/2020
BreitBurn Energy Partners
  LP / BreitBurn Finance
  Corp                       BBEP     8.625     7.750 10/15/2020
CNG Holdings Inc             CNGHLD   9.375    41.000  5/15/2020
CNG Holdings Inc             CNGHLD   9.375    43.000  5/15/2020
Caesars Entertainment
  Operating Co Inc           CZR     10.000    40.875 12/15/2018
Caesars Entertainment
  Operating Co Inc           CZR     12.750    39.000  4/15/2018
Caesars Entertainment
  Operating Co Inc           CZR     10.000    40.250 12/15/2018
Caesars Entertainment
  Operating Co Inc           CZR      5.750    38.250  10/1/2017
Caesars Entertainment
  Operating Co Inc           CZR      5.750    12.250  10/1/2017
Caesars Entertainment
  Operating Co Inc           CZR     10.000    40.625 12/15/2018
Caesars Entertainment
  Operating Co Inc           CZR     10.000    39.875 12/15/2018
Caesars Entertainment
  Operating Co Inc           CZR     10.000    40.625 12/15/2018
California Resources Corp    CRC      5.000    30.500  1/15/2020
Cenveo Corp                  CVO     11.500    54.000  5/15/2017
Cenveo Corp                  CVO      7.000    43.250  5/15/2017
Chaparral Energy Inc         CHAPAR   7.625    19.250 11/15/2022
Chaparral Energy Inc         CHAPAR   8.250    19.125   9/1/2021
Chaparral Energy Inc         CHAPAR   9.875    19.125  10/1/2020
Chassix Holdings Inc         CHASSX  10.000     8.000 12/15/2018
Chassix Holdings Inc         CHASSX  10.000     8.000 12/15/2018
Claire's Stores Inc          CLE      8.875    27.000  3/15/2019
Claire's Stores Inc          CLE      7.750    20.500   6/1/2020
Claire's Stores Inc          CLE     10.500    55.020   6/1/2017
Claire's Stores Inc          CLE      7.750    21.375   6/1/2020
Clean Energy Fuels Corp      CLNE     5.250    60.250  10/1/2018
Clean Energy Fuels Corp      CLNE     7.500    86.615  8/30/2016
Cliffs Natural
  Resources Inc              CLF      5.950    55.000  1/15/2018
Cliffs Natural
  Resources Inc              CLF      5.900    34.660  3/15/2020
Cliffs Natural
  Resources Inc              CLF      7.750    34.480  3/31/2020
Cliffs Natural
  Resources Inc              CLF      7.750    36.406  3/31/2020
Community Choice
  Financial Inc              CCFI    10.750    43.000   5/1/2019
Comstock Resources Inc       CRK      7.750    16.994   4/1/2019
Comstock Resources Inc       CRK      9.500    14.900  6/15/2020
Cumulus Media Holdings Inc   CMLS     7.750    39.188   5/1/2019
EPL Oil & Gas Inc            EXXI     8.250     6.625  2/15/2018
EV Energy Partners LP /
  EV Energy Finance Corp     EVEP     8.000    35.875  4/15/2019
EXCO Resources Inc           XCO      7.500    33.725  9/15/2018
EXCO Resources Inc           XCO      8.500    19.500  4/15/2022
Eagle Rock Energy
  Partners LP / Eagle
  Rock Energy Finance Corp   EROC     8.375    15.420   6/1/2019
Emerald Oil Inc              EOX      2.000     2.000   4/1/2019
Endeavour
  International Corp         END     12.000     1.017   3/1/2018
Endeavour
  International Corp         END     12.000     1.017   3/1/2018
Energy & Exploration
  Partners Inc               ENEXPR   8.000     1.970   7/1/2019
Energy & Exploration
  Partners Inc               ENEXPR   8.000     1.970   7/1/2019
Energy Conversion
  Devices Inc                ENER     3.000     7.875  6/15/2013
Energy Future
  Holdings Corp              TXU      9.750    20.000 10/15/2019
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc           TXU     10.000     3.000  12/1/2020
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc           TXU      9.750    20.000 10/15/2019
Energy Future Intermediate
  Holding Co LLC / EFIH
  Finance Inc                TXU     10.000     3.000  12/1/2020
Energy Future Intermediate
  Holding Co LLC / EFIH
  Finance Inc                TXU      6.875     2.815  8/15/2017
Energy XXI Gulf Coast Inc    EXXI    11.000    24.500  3/15/2020
Energy XXI Gulf Coast Inc    EXXI     9.250     3.000 12/15/2017
Energy XXI Gulf Coast Inc    EXXI     7.500     3.750 12/15/2021
Energy XXI Gulf Coast Inc    EXXI     7.750     2.200  6/15/2019
Energy XXI Gulf Coast Inc    EXXI     6.875     3.750  3/15/2024
FBOP Corp                    FBOPCP  10.000     1.843  1/15/2009
FTS International Inc        FTSINT   6.250    14.256   5/1/2022
FairPoint Communications
  Inc/Old                    FRP     13.125     1.879   4/2/2018
Federal Farm Credit Banks    FFCB     1.890    99.875  4/29/2021
Federal Farm Credit Banks    FFCB     2.270    99.986 10/21/2022
Federal Farm Credit Banks    FFCB     3.000    99.750  2/10/2027
Federal Farm Credit Banks    FFCB     2.550    99.702  7/21/2023
Federal Farm Credit Banks    FFCB     2.170   100.000   5/2/2022
Fleetwood Enterprises Inc    FLTW    14.000     3.557 12/15/2011
Forbes Energy Services Ltd   FES      9.000    43.484  6/15/2019
Goodman Networks Inc         GOODNT  12.125    43.000   7/1/2018
Goodrich Petroleum Corp      GDPM     8.875     4.875  3/15/2018
Goodrich Petroleum Corp      GDPM     8.875     4.478  3/15/2018
Gymboree Corp/The            GYMB     9.125    33.204  12/1/2018
Halcon Resources Corp        HKUS     9.750    20.250  7/15/2020
Halcon Resources Corp        HKUS    13.000    30.250  2/15/2022
Halcon Resources Corp        HKUS     8.875    20.000  5/15/2021
Halcon Resources Corp        HKUS     9.250    21.750  2/15/2022
Halcon Resources Corp        HKUS    13.000    36.000  2/15/2022
Hexion Inc                   HXN      7.875    31.100  2/15/2023
Hexion Inc                   HXN      9.200    27.086  3/15/2021
Horsehead Holding Corp       ZINC     3.800     5.000   7/1/2017
Horsehead Holding Corp       ZINC    10.500    56.000   6/1/2017
Horsehead Holding Corp       ZINC     9.000    20.000   6/1/2017
Horsehead Holding Corp       ZINC    10.500    55.500   6/1/2017
Horsehead Holding Corp       ZINC    10.500    55.500   6/1/2017
ION Geophysical Corp         IO       8.125    52.665  5/15/2018
Illinois Power
  Generating Co              DYN      7.000    38.061  4/15/2018
Illinois Power
  Generating Co              DYN      6.300    35.375   4/1/2020
IronGate Energy
  Services LLC               IRONGT  11.000    25.000   7/1/2018
IronGate Energy
  Services LLC               IRONGT  11.000    24.500   7/1/2018
IronGate Energy
  Services LLC               IRONGT  11.000    24.500   7/1/2018
IronGate Energy
  Services LLC               IRONGT  11.000    24.500   7/1/2018
Key Energy Services Inc      KEG      6.750    23.000   3/1/2021
Las Vegas Monorail Co        LASVMC   5.500     3.125  7/15/2019
Legacy Reserves LP /
  Legacy Reserves
  Finance Corp               LGCY     8.000    29.375  12/1/2020
Legacy Reserves LP /
  Legacy Reserves
  Finance Corp               LGCY     6.625    26.500  12/1/2021
Lehman Brothers
  Holdings Inc               LEH      4.000     4.805  4/30/2009
Lehman Brothers
  Holdings Inc               LEH      2.070     4.805  6/15/2009
Lehman Brothers
  Holdings Inc               LEH      5.000     4.805   2/7/2009
Lehman Brothers
  Holdings Inc               LEH      2.000     4.805   3/3/2009
Lehman Brothers Inc          LEH      7.500     1.226   8/1/2026
Linn Energy LLC /
  Linn Energy Finance Corp   LINE     8.625    10.952  4/15/2020
Linn Energy LLC /
  Linn Energy Finance Corp   LINE     6.500     9.660  5/15/2019
Linn Energy LLC /
  Linn Energy Finance Corp   LINE     7.750     9.250   2/1/2021
Linn Energy LLC /
  Linn Energy Finance Corp   LINE    12.000    17.500 12/15/2020
Linn Energy LLC /
  Linn Energy Finance Corp   LINE     6.250     8.532  11/1/2019
Linn Energy LLC /
  Linn Energy Finance Corp   LINE     6.500     9.750  9/15/2021
Linn Energy LLC /
  Linn Energy Finance Corp   LINE     6.250    84.000  11/1/2019
Linn Energy LLC /
  Linn Energy Finance Corp   LINE     6.250     9.875  11/1/2019
Logan's Roadhouse Inc        LGNS    10.750    28.500 10/15/2017
MF Global Holdings Ltd       MF       3.375    23.500   8/1/2018
MModal Inc                   MODL    10.750    10.125  8/15/2020
Magnetation LLC /
  Mag Finance Corp           MAGNTN  11.000     8.000  5/15/2018
Magnetation LLC /
  Mag Finance Corp           MAGNTN  11.000     8.000  5/15/2018
Magnetation LLC /
  Mag Finance Corp           MAGNTN  11.000     8.000  5/15/2018
Magnum Hunter
  Resources Corp             MHRC     9.750    22.000  5/15/2020
Memorial Production
  Partners LP / Memorial
  Production Finance Corp    MEMP     7.625    32.168   5/1/2021
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC           MPO     10.000    43.000   6/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC           MPO     10.750     2.829  10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC           MPO      9.250     1.375   6/1/2021
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC           MPO     10.000    28.250   6/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC           MPO     10.750     4.023  10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC           MPO     10.750     4.023  10/1/2020
Modular Space Corp           MODSPA  10.250    54.000  1/31/2019
Modular Space Corp           MODSPA  10.250    53.875  1/31/2019
Molycorp Inc                 MCP     10.000     7.000   6/1/2020
Murray Energy Corp           MURREN  11.250    19.000  4/15/2021
Murray Energy Corp           MURREN  11.250    14.500  4/15/2021
Murray Energy Corp           MURREN   9.500    14.500  12/5/2020
Murray Energy Corp           MURREN   9.500    14.500  12/5/2020
New Gulf Resources LLC/
  NGR Finance Corp           NGREFN  12.250    29.000  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp           NGREFN  12.250    29.000  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp           NGREFN  12.250    28.875  5/15/2019
Nine West Holdings Inc       JNY      8.250    28.000  3/15/2019
Nine West Holdings Inc       JNY      6.875    19.501  3/15/2019
Nine West Holdings Inc       JNY      8.250    23.250  3/15/2019
Noranda Aluminum
  Acquisition Corp           NOR     11.000     1.000   6/1/2019
Nuverra Environmental
  Solutions Inc              NESC     9.875    36.787  4/15/2018
OMX Timber Finance
  Investments II LLC         OMX      5.540    13.125  1/29/2020
PQ Corp                      PQCOR    8.750   101.079  11/1/2018
Peabody Energy Corp          BTU      6.000     7.800 11/15/2018
Peabody Energy Corp          BTU      6.500     9.750  9/15/2020
Peabody Energy Corp          BTU     10.000    10.875  3/15/2022
Peabody Energy Corp          BTU      6.250     8.530 11/15/2021
Peabody Energy Corp          BTU      7.875     8.125  11/1/2026
Peabody Energy Corp          BTU     10.000     7.750  3/15/2022
Peabody Energy Corp          BTU      6.000     8.125 11/15/2018
Peabody Energy Corp          BTU      6.250     2.750 11/15/2021
Peabody Energy Corp          BTU      6.000     8.125 11/15/2018
Peabody Energy Corp          BTU      6.250     8.500 11/15/2021
Penn Virginia Corp           PVAH     7.250    15.625  4/15/2019
Penn Virginia Corp           PVAH     8.500    12.650   5/1/2020
Permian Holdings Inc         PRMIAN  10.500    38.625  1/15/2018
Permian Holdings Inc         PRMIAN  10.500    38.625  1/15/2018
Pernix Therapeutics
  Holdings Inc               PTX      4.250    27.250   4/1/2021
Pernix Therapeutics
  Holdings Inc               PTX      4.250    26.627   4/1/2021
PetroQuest Energy Inc        PQ      10.000    49.000   9/1/2017
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                 PRSPCT  10.250    39.500  10/1/2018
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                 PRSPCT  10.250    46.800  10/1/2018
Quicksilver Resources Inc    KWKA     9.125     2.125  8/15/2019
Quicksilver Resources Inc    KWKA    11.000     2.125   7/1/2021
Resolute Energy Corp         REN      8.500    33.865   5/1/2020
Rex Energy Corp              REXX     8.875    11.945  12/1/2020
Rex Energy Corp              REXX     6.250    12.600   8/1/2022
Rolta LLC                    RLTAIN  10.750    51.000  5/16/2018
SFX Entertainment Inc        SFXE     9.625     2.000   2/1/2019
SFX Entertainment Inc        SFXE     9.625     2.000   2/1/2019
SFX Entertainment Inc        SFXE     9.625     2.000   2/1/2019
SFX Entertainment Inc        SFXE     9.625     2.000   2/1/2019
Sabine Oil & Gas Corp        SOGC     7.250     1.500  6/15/2019
Sabine Oil & Gas Corp        SOGC     7.500     1.375  9/15/2020
Sabine Oil & Gas Corp        SOGC     7.500     1.234  9/15/2020
Sabine Oil & Gas Corp        SOGC     7.500     1.234  9/15/2020
Samson Investment Co         SAIVST   9.750     0.750  2/15/2020
SandRidge Energy Inc         SD       8.750    25.125   6/1/2020
SandRidge Energy Inc         SD       8.125     5.120 10/15/2022
SandRidge Energy Inc         SD       7.500     5.373  3/15/2021
SandRidge Energy Inc         SD       7.500     5.250  2/15/2023
SandRidge Energy Inc         SD       8.750     5.850  1/15/2020
SandRidge Energy Inc         SD       8.750    25.125   6/1/2020
SandRidge Energy Inc         SD       8.125     5.375 10/16/2022
SandRidge Energy Inc         SD       7.500     5.375  2/16/2023
SandRidge Energy Inc         SD       7.500     5.750  3/15/2021
SandRidge Energy Inc         SD       7.500     5.750  3/15/2021
Sequa Corp                   SQA      7.000    15.000 12/15/2017
Sequa Corp                   SQA      7.000    14.500 12/15/2017
Seventy Seven Energy Inc     SSE      6.500     5.200  7/15/2022
Seventy Seven Operating LLC  SSE      6.625    29.350 11/15/2019
Seventy Seven Operating LLC  SSE      6.625    35.700 11/15/2019
Seventy Seven Operating LLC  SSE      6.625    28.500 11/15/2019
Sidewinder Drilling Inc      SIDDRI   9.750     7.500 11/15/2019
Sidewinder Drilling Inc      SIDDRI   9.750     7.250 11/15/2019
Solazyme Inc                 SZYM     6.000    52.000   2/1/2018
Speedy Cash Intermediate
  Holdings Corp              SPEEDY  10.750    58.000  5/15/2018
Speedy Cash Intermediate
  Holdings Corp              SPEEDY  10.750    62.000  5/15/2018
Speedy Cash Intermediate
  Holdings Corp              SPEEDY  10.750    62.000  5/15/2018
Speedy Group Holdings Corp   SPEEDY  12.000    45.750 11/15/2017
Speedy Group Holdings Corp   SPEEDY  12.000    45.750 11/15/2017
SquareTwo Financial Corp     SQRTW   11.625    17.806   4/1/2017
Stone Energy Corp            SGY      7.500    26.400 11/15/2022
Stone Energy Corp            SGY      1.750    30.750   3/1/2017
SunEdison Inc                SUNE     2.000     9.000  10/1/2018
SunEdison Inc                SUNE     0.250     4.375  1/15/2020
SunEdison Inc                SUNE     2.375     4.375  4/15/2022
SunEdison Inc                SUNE     3.375     4.375   6/1/2025
SunEdison Inc                SUNE     2.750     4.750   1/1/2021
SunEdison Inc                SUNE     2.625     4.250   6/1/2023
Swift Energy Co              SFY      7.875     5.650   3/1/2022
Swift Energy Co              SFY      7.125     5.250   6/1/2017
Swift Energy Co              SFY      8.875     6.200  1/15/2020
Syniverse Holdings Inc       SVR      9.125    49.900  1/15/2019
TMST Inc                     THMR     8.000     6.750  5/15/2013
Talos Production LLC /
  Talos Production
  Finance Inc                TALPRO   9.750    31.000  2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc                TALPRO   9.750    31.250  2/15/2018
Terrestar Networks Inc       TSTR     6.500    10.000  6/15/2014
TetraLogic
  Pharmaceuticals Corp       TLOG     8.000    24.152  6/15/2019
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc           TXU     10.250     4.500  11/1/2015
Texas Competitive Electric
  Holdings Co LLC / TCEH
  Finance Inc                TXU     15.000     4.625   4/1/2021
Texas Competitive Electric
  Holdings Co LLC / TCEH
  Finance Inc                TXU     11.500    28.000  10/1/2020
Texas Competitive Electric
  Holdings Co LLC / TCEH
  Finance Inc                TXU     10.250     4.625  11/1/2015
Texas Competitive Electric
  Holdings Co LLC / TCEH
  Finance Inc                TXU     15.000     4.000   4/1/2021
Texas Competitive Electric
  Holdings Co LLC / TCEH
  Finance Inc                TXU     11.500    30.750  10/1/2020
Texas Competitive Electric
  Holdings Co LLC / TCEH
  Finance Inc                TXU     10.250     3.710  11/1/2015
Thermo Fisher
  Scientific Inc             TMO      2.250   100.352  8/15/2016
Triangle USA
  Petroleum Corp             TPLM     6.750    18.000  7/15/2022
Triangle USA
  Petroleum Corp             TPLM     6.750    18.250  7/15/2022
Trilogy International
  Partners LLC / Trilogy
  International
  Finance Inc                TRIINT  10.250    88.750  8/15/2016
Trilogy International
  Partners LLC / Trilogy
  International
  Finance Inc                TRIINT  10.250    88.375  8/15/2016
UCI International LLC        UCII     8.625    22.000  2/15/2019
Vanguard Natural
  Resources LLC /
  VNR Finance Corp           VNR      7.875    20.000   4/1/2020
Venoco Inc                   VQ       8.875     1.966  2/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc            VRS     11.750    12.000  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc            VRS     11.750    13.063  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc            VRS     11.750     0.100  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc            VRS     11.750    10.125  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc            VRS     11.750     4.548  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc            VRS     11.750     4.548  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc            VRS     11.750    10.125  1/15/2019
Violin Memory Inc            VMEM     4.250    29.196  10/1/2019
W&T Offshore Inc             WTI      8.500    13.188  6/15/2019
Walter Energy Inc            WLTG     9.500    13.000 10/15/2019
Walter Energy Inc            WLTG     9.500    12.875 10/15/2019
Walter Energy Inc            WLTG     9.500    12.875 10/15/2019
Walter Energy Inc            WLTG     9.500    12.875 10/15/2019
Warren Resources Inc         WRES     9.000     0.125   8/1/2022
Warren Resources Inc         WRES     9.000     0.352   8/1/2022
Warren Resources Inc         WRES     9.000     0.352   8/1/2022
iHeartCommunications Inc     IHRT    10.000    43.450  1/15/2018
iHeartCommunications Inc     IHRT     6.875    49.965  6/15/2018


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

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

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

                            *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***