TCR_Public/160426.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, April 26, 2016, Vol. 20, No. 117

                            Headlines

401 LASALLE LENDERS: May 5 Hearing on Ch. 11 Case Dismissal Bids
AEROPOSTALE INC: Preparing to File for Bankruptcy
AIX ENERGY: Ch.11 Trustee Hires Traton as Contract Operator
AIX ENERGY: ERG Objects to Trustee's Application to Hire Traton
ALI THEODORE: S.D.N.Y. Judge Extends Plan Exclusivity to June 27

ALPHA NATURAL: W. Va. DEP Objects to Proposed Sale
ALROSE ALLEGRIA: Asserts Case Should be Dismissed, Not Converted
ALROSE KING DAVID: Kenneth P. Silverman Approved as Ch.11 Trustee
ANWORTH MORTGAGE: Egan-Jones Cuts FC Sr. Unsec. Rating to BB
ASPECT SOFTWARE: Court OK to Performance Award Program

ASPECT SOFTWARE: Has Green Light to Assume Plan Support Deal
BASIC ENERGY: Reports First Quarter 2016 Results
BLUE DOG AT 399: Asks Court to Extend Plan Exclusivity to Sept. 23
BUFFETS LLC: Seeks Extension to File Schedules Through May 20
CAAMM PROPERTIES: Case Summary & 11 Unsecured Creditors

CANYON PORTAL: U.S. Trustee Unable to Appoint Creditors' Committee
CHARLES DONALD LEONARD: Plan Exclusivity Extended to June 11
CHRISTIAN DWYER TWIGG-SMITH: Selling Coffee Farm Lots for $4.2MM
CLOUDBREAK ENTERTAINMENT: Plan Exclusivity Extended to July 28
COATES INTERNATIONAL: Cowan Resigns as Accountants

COLUMBIA HOSPITALITY: 341 Meeting of Creditors Set for June 2
COMMUNITY CHOICE: S&P Lowers Issuer Credit Rating to 'SD'
COOPER-STANDARD AUTOMOTIVE: Moody's Puts B2 CFR on Review
CRYSTAL CATHEDRAL: Awarded $70K Costs, Fees vs. Schuller, et al.
DALLAS PROTON: Court Orders Appointment of Ch. 11 Trustee

DARIUS ENTERPRISES: Plan Exclusivity Extended to June 30
DAVID A. MAYER: Asks Court to Extend Plan Exclusivity to July 26
DELPHI CORP: Young's Suit vs. GM Dismissed With Prejudice
DONLAR CORP: Partial Bid to Dismiss Galbraith's Suit Granted
EASTMAN KODAK: $9.7M Settlement Reached in ERISA Class Suit

ELBIT IMAGING: Incurs NIS 186 Million Net Loss in 2015
ELBIT IMAGING: Notice Regarding Casa Radio Project in Romania
EMERALD FALLS: Hires Conner & Winters as Counsel
EMERALD OIL: Fights for Bankruptcy Financing
EPICOR SOFTWARE: Bank Debt Trades at 5% Off

EZ MAILING: Needs Until Aug. 10 to Assume or Reject Leases
FEDERATION EMPLOYMENT: Wants Plan Exclusivity Extended to Sept. 19
FLINTKOTE COMPANY: Court Grants Aviva Partial Summary Judgment
FLORHAM PARK: Meeting to Form Creditors' Panel Set for May 2
FLOUR CITY BAGELS: Creditors' Panel Hires CRA as Financial Advisor

FLOUR CITY BAGELS: Creditors' Panel Hires Kane Russell as Counsel
FLOUR CITY BAGELS: Panel Hires Gordorn & Schaal as Local Counsel
FLOUR CITY BAGELS: Sues Managers Over Drive-Thru Easement
FLOUR CITY BAGELS: Taps Insero as Accounting Services Provider
FOREVERGREEN WORLDWIDE: Amends 2015 Annual Report

FORTESCUE METALS: Bank Debt Trades at 8% Off
FREESEAS INC: To Transfer Common Stock Trading to OTCQB
FROMELIUS INVESTMENT: Disclosure Statement Status Hearing Today
GO YE VILLAGE: Court Extends Plan Exclusivity to June 28
GOODRICH PETROLEUM: Egan-Jones Withdraws Sr. Unsecured Ratings

GORFIEN & JACOBSOHN: Marc P. Barmat Approved as Ch. 11 Trustee
GREG JAMES: 9th Cir. Rules Meyer's Claims not Time-Barred
GREGORY SCOTT MANSON: Sells Kings Property to Shaul for $2.4MM
H KREVIT: Structured Dismissal Mulled; Plan Exclusivity Extended
HARBORVIEW TOWERS COUNCIL: Howard Bank Granted Adequate Protection

HELLAS TELECOM: Court Junks TPG Capital, et al.'s Bid to Dismiss
HEPAR BIOSCIENCE: Seeks Entry of Final Decree
HIREN PATEL: Selling Texarkana Property for $230,000 to Boldens
HNO GREEN: Asserts Dismissal, Conversion Unwarranted
HOLLAND SERVICES: Case Summary & 20 Largest Unsecured Creditors

HORSEHEAD HOLDING: Asks Judge to Extend Deadline to Remove Suits
HUB INTERNATIONAL: Bank Debt Trades at 3% Off
INTERNATIONAL WIRE: S&P Affirms 'B' CCR, Outlook Remains Negative
IRON MOUNTAIN: Egan-Jones Cuts FC Sr. Unsecured Rating to BB-
J. CREW: Bank Debt Trades at 23% Off

JARDEN CORP: Egan-Jones Withdraws BB+ LC Sr. Unsecured Debt Rating
JOSEFINA HERRERA: Foreclosure Action Remanded to State Court
JTS LLC: Asserts Ch. 11 Case Should Not Be Dismissed
KARINA LEE HOWE: Disbursing Agent Selling Residence for $585,000
LAND'S END: Bank Debt Trades at 20% Off

LAWRENCE D. FROMELIUS: Disclosure Statement Status Hearing Today
LAWRENCE SCHIFF: Wants Ch. 11 Trustee or Ch. 7 Liquidation
LBJ HEALTHCARE: Case Summary & 5 Unsecured Creditors
LEIPZIG LIVING TRUST: Anarion Claims vs. Carrington, et al., Junked
MADISON HOTEL: Liquidating Trustee Seeks Entry of Final Decree

MALLINCKRODT GROUP: Bank Debt Trades at 4% Off
MARILYN SCHEER: Suspension Doesn't Make Debt Nondischargeable
MARVEL ENGINEERING: Plan Exclusivity Extended to July 1
METROPOLITAN AUTOMOTIVE: Proposes May 27 Admin Claims Bar Date
MID-STATES SUPPLY: Committee Wants Final DIP Order Amended

MILLENNIUM LAB: Banks Dispute Bid to Conduct Probe
MISTER CAR WASH: S&P Raises CCR to 'B'; Outlook Stable
MONEYGRAM INT'L: S&P Alters Outlook to Neg. Over Fin. Flexibility
NABORS INDUSTRIES: S&P Lists Neg. Outlook on Weak Credit Metrics
NEIMAN MARCUS: Bank Debt Trades at 7% Off

NEOVIA LOGISTICS: S&P Cuts Rating to CCC+ on Deteriorating Metrics
NORANDA ALUMINUM: Committee Allowed to Hire Spencer Fane
NORANDA ALUMINUM: Committee Gets Approval to Hire Lowenstein
NORANDA ALUMINUM: Committee Gets Green Light to Hire Houlihan
NOVOLEX HOLDINGS: Moody's to Retain B2 Rating on Capital Structure

PACIFIC SUNWEAR: 341 Meeting of Creditors Set for May 3
PACIFIC WEBWORKS: Intellipay Sold to Convenient Payments for $140K
PARAGON OFFSHORE: Proposes Early Retirement Program
PARAGON OFFSHORE: Seeks to Employ BDO USA for Internal Audit
PAUL CHRISTENSEN: Court Denies Bid to Restrain Foreclosure Sale

PEABODY ENERGY: Egan-Jones Withdraws Sr. Unsecured Ratings
PIONEER ENERGY: S&P Lowers CCR to 'B-', Outlook Negative
PREMIER EXHIBITIONS: Daoping Bao Reports 47.5% Stake
QUEST SOLUTION: Conference Call Held to Discuss Results
QUICK CHANGE ARTIST: Asks Court to Extend Exclusivity to June 21

RAINEY & ASSOCIATES: Court Extends Plan Exclusivity to April 27
RCS CAPITAL: Cetera Debtors Hire Zolfo Cooper to Provide CRO
RCS CAPITAL: Cetera Debtors Tap Prime Clerk as Admin Advisor
REGIONALCARE HOSPITAL: Moody's Rates $350MM Sr. Unsec. Notes Caa1
REMINGTON PARK: Charter Loses Bid to Reconsider Assumption Order

RESIDENTIAL CAPITAL: W. Futrell's Claim No. 725 Allowed for $19K
S-3 PUMP SERVICE: Court Approves Retention of CEO, 3 Others
SALIX PHARMACEUTICALS: Egan-Jones Withdraws Unsec. Debt Ratings
SEANERGY MARITIME: Announces Availability of 2015 Form 20-F
SEVEN COUNTIES: Can Withdraw from Pension Participation, Court Says

SFX ENTERTAINMENT: Court Approves Hiring of FTI Staff in Australia
SHERWIN ALUMINA: Glencore Unit Named Successful Bidder
SHERWIN ALUMINA: Secures 2 More Bauxite Shipments from Noranda
SKYBRIDGE SPECTRUM: Dr. Leong Wants Ch. 11 Case Dismissed
SPINNERET ACQUISITIONS: Case Summary & 20 Top Unsecured Creditors

SPIRIT REALTY: S&P Raises CCR From BB+ on Recent Equity Assurance
SUNEDISON INC: Bankruptcy Court Okays First Day Motions
SUNEDISON INC: Ecotricity Not Concerned Over Review of Purchase
SUNEDISON INC: Hedge Funds May Suffer the Most in Bankruptcy
SUNEDISON INC: Meeting to Form Creditors' Panel Set for April 29

SUNEDISON INC: Seeking Equity Partners for India Operations
SUNEDISON INC: Terraform Yieldcos Try to Steer Clear of Bankruptcy
SUNNYLAND FARMS: Court Directs J. Capussi to Receive Stocks
SWIFT ENERGY: Second Amended Plan Declared Effective April 22
TEGNA INC: Egan-Jones Withdraws Sr. Unsecured Debt Ratings

TRANSBRASIL SA: 11th Cir. Affirms Denial of Bid to Unseal Docs
TRIBUNE PUBLISHING: Gannett Offers $815 Million
TRIDENT RESOURCES: S&P Cuts CCR to 'D' on Skipped Interest Payment
TRINITY TOWN: Seeks Authority to Use Sunfield Cash Collateral
TROJE'S TRASH: Asks Court to Extend Plan Exclusivity to July 5

TRONOX INC: Bank Debt Trades at 5% Off
TRONOX LIMITED: Moody's Confirms B2 CFR, Outlook Negative
UNITED PROSPERITY: Selling Biz as Going Concern to Insiders
UTEX INDUSTRIES: S&P Affirms 'CCC+' CCR, Outlook Remains Stable
VALEANT PHARMACEUTICALS: Bank Debt Trades at 3% Off

WBH ENERGY: Castlelake Balks at US Energy's $11.4M Claim
WEST RANGE: Selling Hotchkiss, Colorado Property for $137,000
WESTECH CAPITAL: Equity Holders Want Ch. 11 Trustee
XTREME MACHINING: Case Summary & 11 Unsecured Creditors
ZOHAR CDO 2003: Files Suit Against Patriarch Partners


                            *********

401 LASALLE LENDERS: May 5 Hearing on Ch. 11 Case Dismissal Bids
----------------------------------------------------------------
401 LaSalle Lenders LLC asks the U.S. Bankruptcy Court for the
Northern District of Illinois, Eastern Division, to dismiss its
Chapter 11 case as it was not able to formulate a plan of
reorganization within the time period set by the Court and it can
no longer pursue a reorganization under Chapter 11 of the
Bankruptcy Code.

The U.S. Trustee for the Northern District of Illinois also moved
the Court to enter an order dismissing the Chapter 11 case for the
reason that the Debtor has failed to file timely montly operating
reports and failed to file its plan and disclosure statement by
March 24, 2016, as ordered.

A hearing on the Dismissal Motions is scheduled for May 5, 2016, at
09:30 AM.

The Debtor is represented by Karen J. Porter, Esq., at Porter Law
Network, in Chicago, Illinois.

The U.S. Trustee is represented by M. Gretchen Silver, Esq., trial
attorney, Office of the United States Trustee, in Chicago Illinoi.

                      About 401 LaSalle

401 LaSalle Lenders LLC filed sought for Chapter 11 bankruptcy
protection (Bankr. N.D. Ill.) Case No. 15-39922) on Nov. 23, 2015.

First Chicago Financial, LLC signed the petition as manager.  The
Debtor estimated both assets and liabilities in the range of $10
million to $50 million.  Porter Law Network acts as the Debtor's
counsel.  Judge Jacqueline P. Cox has been assigned the case.


AEROPOSTALE INC: Preparing to File for Bankruptcy
-------------------------------------------------
Lauren Coleman-Lochner, writing for Bloomberg Brief, reported that
Aeropostale Inc., the teen-clothing chain that has suffered years
of losses, is preparing to file for bankruptcy as soon as this
month, according to people familiar with the matter.

The company is looking to reorganize under Chapter 11, said the
people, who declined to be identified because the matter isn't
public, according to the report.  Aeropostale is trying to work out
a loan to finance its operations during the bankruptcy process, the
report related, citing the people.  A deal to avert a filing or
find a buyer also could still emerge, they said, the report further
related.

Aeropostale's trip to bankruptcy court would follow three straight
years of losses and a feud with its main lender, Sycamore Partners,
which also owns a key clothing supplier, the report noted.  The New
York-based retailer has struggled to hang on to teen consumers, who
have shifted to online shopping or chains like H&M, the report
added.

As previously reported by The Troubled Company Reporter,
Aeropostale is relying on law firm Weil Gotshal & Manges LLP and
financial adviser FTI Consulting Inc.  Aeropostale said in March
that it was also working with Stifel Financial Corp. to explore
strategic alternatives, including the possibility of selling the
chain or
restructuring it.  The report noted that Aeropostale is seeking
ways to fix the company after years of tumbling sales and red ink,
including a wider-than-expected loss in the fourth quarter.  The
New York-based retailer has suffered from changing tastes among
teen shoppers and a shift of apparel spending online, the report
pointed out.  

In March, the chain said Sycamore's MGF Sourcing unit was holding
up orders and violating a supplier agreement, putting the retailer
at risk of losing millions of dollars, the report said.


AIX ENERGY: Ch.11 Trustee Hires Traton as Contract Operator
-----------------------------------------------------------
Jason R. Searcy, the Chapter 11 Trustee of AIX Energy, Inc., sought
and obtained permission from the U.S. Bankruptcy Court for the
Northern District of Texas to employ Traton Engineering Associates,
L.P. as contract operator to the Trustee.

The Trustee requires Traton to:

   1. manage and oversee assets and employees;

   2. conduct field inspection and inventory equipment;

   3. engineering supervision of existing operations such as
      direction of gaugers, pumpers, and office personnel;

   4. supervise all routine well service operations, all repair
      and maintenance operations, including onsite supervision of
      the installation or removal of well equipment, pumping of
      any treating fluid or substance into a well, and other
      onsite operations performed under contract by third party
      of with leased equipment;

   5. supervise all drilling and completion operations, workover
      operations, recompletion operations, and any type of
      remedial operation, whether or not it would ordinarily be
      considered a normal well-service operation, including
      contracting with supervisory personnel for onsite
      supervision as required and maintaining overall supervision
      of such personnel;

   6. prepare worker, completion, and drilling procedures;

   7. prepare cost estimates and circulate Authorizations for
      Expenditures for Trustee's approval;

   8. obtain all necessary drilling permits and file all
      necessary and appropriate reports;

   9. evaluate opportunities and maximize asset values;

  10. provide emergency response assistance with respect to any
      accident, spill, upset or similar occurrence requiring
      immediate action to protect the health, safety and
      mechanical and environmental integrity of the pertinent
      area and equipment located thereon;

  11. support and coordinate sales efforts;

  12. maintain land and lease documents;

  13. market production;

  14. perform JIB and revenue distributions and/or prepare and
      render billings to the Trustee and non-operators with
      respect to each of the subject joint operating agreements
      for approved expenses and charges;

  15. supervise pumpers;

  16. review well performance and prepare for Trustee monthly
      production reports;

  17. prepare and furnish any and all reports, statements, and
      information that may be required to any duly constituted
      authority with jurisdiction over the leases;

  18. review and approve all invoices and charges for all
      expenses incurred and credits received;

  19. keep accurate accounting for the leases with respect to
      each subject joint operating agreement;

  20. any and all other matters within Traton Engineering
      Associates, L.P.'s knowledge at direction of Trustee.

Compensation is hourly for all required services, with the
potential for a modified rate structure dependent on the operation
needs as the case progresses. The charges are uniform, reasonable,
and standard in the industry. Applicant requests that no additional
fee applications be required for the Operator Services since they
are for services rendered in the ordinary course of the Debtor's
business.

To the best of the Trustee's knowledge, 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.

Traton can be reached at:

     Traton Engineering Associates, LP
     1415 N. Loop W, Suite 1250,
     Houston, TX 77008
     Tel: (713) 299 7558

                          About AIX Energy

AIX Energy, Inc., is an oil and gas exploration and production
company.  AIX's business includes drilling oil and gas wells and
selling the petroleum products that result from such drilling
activities.  As such, AIX acquires and holds drilling and
production rights over various tracts of land located in Louisiana
through a number of oil, gas and mineral leases.

AIX Energy sought Chapter 11 bankruptcy protection (Bankr. N.D.
Tex. Case No. 15-34245) on Oct. 22, 2015.  The petition was signed
by Robert A. Imel, president.

The AIX case was originally assigned to Judge Barbara J. Houser,
but was transferred to Judge Stacey G.C. Jernigan, who oversees
the
bankruptcy case of Antero Energy Partners.

The AIX Debtor tapped The Harvey Law Firm, P.C., as counsel when
it
filed for bankruptcy.  The Debtor won approval to engage Orenstein
Law Group, P.C. as special counsel.  The Harvey firm stepped down
after a Chapter 11 trustee was named in the AIX case.

The Official Committee of Unsecured Creditors won approval to
retain Michael S. Haynes and the firm Gardere Wynne Sewell LLP as
counsel.

                           *     *      *

The Sec. 341(a) meeting of creditors was held Nov. 19, 2015, which
was continued to Jan. 5, 2016.

AIX on Feb. 12, 2016, filed a motion to extend by 90 days its
exclusive period to propose a Chapter 11 plan by May 19, 2016, and
its exclusive period to solicit acceptances of that that plan by
Aug. 19, 2016.  No order was entered.

Instead, the Court on March 23 entered an order directing the
appointment of a Chapter 11 trustee in AIX's case.

On March 14, 2016, Judge Houser held a hearing on the motion for
joint administration of the Chapter 11 cases of AIX and Antero.
At
the conclusion of the hearing, the Court determined not to order
the joint administration of the cases and further determined to
transfer the AIX case to Judge Jernigan.

Jason Searcy, a partner of Searcy & Searcy, P.C., has been named as
Chapter 11 Trustee for AIX Energy.  He has hired the Searcy law
firm as counsel.


AIX ENERGY: ERG Objects to Trustee's Application to Hire Traton
---------------------------------------------------------------
Energy Reserves Group LLC, objected to the request of the Chapter
11 trustee for AIX Energy, Inc., to employ Traton Engineering
Associates, L.P. as contract operator to the Trustee.

Energy Reserves objects to Traton's proposed fee structure.  It
tells the U.S. Bankruptcy Court for the Northern District of Texas
that the firm's Engineering and the Operating Proposal does not set
forth a monthly fee cap which limits amounts chargeable to the
non-operating working interest owners. Accordingly, the
non-operating working interest owners have no control over the
total fees and expenses Traton will charge in taking over as
contract operator.

Given that the basic fee structure in the Operating Proposal is on
an hourly basis, there is no mechanism for Traton counterparties to
limit Traton's total hourly work. Traton should be required to come
up with a reasonable fee cap and include said fee cap in its
contract operating agreement which will ultimately bind its
non-operating working interest counterparties.

As the very purpose of appointing Traton as the contract operator
is to lower the monthly operating expenses being charged against
the affected oil and gas properties, this fee cap should be some
fraction of the current monthly operating expenses AIX Energy is
charging its non-operating working interest owners, as AIX Energy
has not been operating the relevant oil and gas proper-ties in an
efficient manner.

Energy Reserves says it currently holds over $25,500,000 in
outstanding first lien debt encumbering the Antero oil and gas
properties.

Energy Reserves Group LLC is represented by:

     Leonard H. Simon, Esq.
     PENDERGRAFT & SIMON, LLP
     2777 Allen Parkway, Suite 800
     Houston, TX 77019
     Tel. (713) 528-8555
     Fax. (713) 868-1267
     E-mail: lsimon@pendergraftsimon.com

                          About AIX Energy

AIX Energy, Inc., is an oil and gas exploration and production
company.  AIX's business includes drilling oil and gas wells and
selling the petroleum products that result from such drilling
activities.  As such, AIX acquires and holds drilling and
production rights over various tracts of land located in Louisiana
through a number of oil, gas and mineral leases.

AIX Energy sought Chapter 11 bankruptcy protection (Bankr. N.D.
Tex. Case No. 15-34245) on Oct. 22, 2015.  The petition was signed
by Robert A. Imel, president.

The AIX case was originally assigned to Judge Barbara J. Houser,
but was transferred to Judge Stacey G.C. Jernigan, who oversees
the
bankruptcy case of Antero Energy Partners.

The AIX Debtor tapped The Harvey Law Firm, P.C., as counsel when
it
filed for bankruptcy.  The Debtor won approval to engage Orenstein
Law Group, P.C. as special counsel.  The Harvey firm stepped down
after a Chapter 11 trustee was named in the AIX case.

The Official Committee of Unsecured Creditors won approval to
retain Michael S. Haynes and the firm Gardere Wynne Sewell LLP as
counsel.

                           *     *      *

The Sec. 341(a) meeting of creditors was held Nov. 19, 2015, which
was continued to Jan. 5, 2016.

AIX on Feb. 12, 2016, filed a motion to extend by 90 days its
exclusive period to propose a Chapter 11 plan by May 19, 2016, and
its exclusive period to solicit acceptances of that that plan by
Aug. 19, 2016.  No order was entered.

Instead, the Court on March 23 entered an order directing the
appointment of a Chapter 11 trustee in AIX's case.

On March 14, 2016, Judge Houser held a hearing on the motion for
joint administration of the Chapter 11 cases of AIX and Antero.
At
the conclusion of the hearing, the Court determined not to order
the joint administration of the cases and further determined to
transfer the AIX case to Judge Jernigan.

Jason Searcy, a partner of Searcy & Searcy, P.C., has been named as
Chapter 11 Trustee for AIX Energy.  He has hired the Searcy law
firm as counsel.


ALI THEODORE: S.D.N.Y. Judge Extends Plan Exclusivity to June 27
----------------------------------------------------------------
Judge James L. Garrity, Jr. of the U.S. Bankruptcy for the Southern
District of New York granted the request of debtor Ali Theodore to
further extend the exclusive periods for the filing of a chapter 11
plan and solicitation of acceptances following a hearing on April
19.

Judge Garrity held that:

     -- the Debtor's exclusive period to file a chapter 11 plan of
reorganization is extended through and including June 27, 2016;
and

     -- the Debtor's exclusive period to solicit acceptance for
such a plan is extended through and including August 29, 2016.

Ali Theodore initially filed a Chapter 13 petition (Bankr. S.D.N.Y.
Case No. 15-11781) on July 9, 2015.  The case was converted to
Chapter 11 on November 30, 2015.


ALPHA NATURAL: W. Va. DEP Objects to Proposed Sale
--------------------------------------------------
The West Virginia Department of Environmental Protection objects to
Alpha Natural Resources, Inc., et al.'s motion for an order
approving the sale of their core assets to their "stalking horse"
purchaser, complaining that the proposed credit-bid sale, which
would divest Alpha of its most valuable and profitable assets,
provides no cash consideration flowing to the Debtors' estates to
deal with their remaining massive environmental liabilities.

Absent further substantial concessions from its first-lien lenders
in plan negotiations or unprecedented concessions with respect to
its environmental obligations, the proposed stand-alone sale would
appear to predestine, if not doom, Alpha's prospects for a
successful reorganization based solely on the reorganized entity's
inability to comply with its environmental obligations alone upon
its contemplated exit from chapter 11, the DEP asserts.

The DEP is represented by:

          Kevin W. Barrett, Esq.
          Special Assistant Attorney General
             for the State of West Virginia
          Michael B. Hissam, Esq.
          BAILEY & GLASSER LLP
          209 Capitol Street
          Charleston, WV 25301
          Tel: (304) 345-6555
          Fax: (304) 342-1110
          E-mail: kbarrett@baileyglasser.com
                  mhissam@baileyglasser.com

                About Alpha Natural Resources

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

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

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

Judge Kevin R. Huennekens presides over the cases.

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

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

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

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

                            *     *     *

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


ALROSE ALLEGRIA: Asserts Case Should be Dismissed, Not Converted
----------------------------------------------------------------
Alrose Allegria LLC urges the Court to exercise its discretion to
dismiss, and not convert, its Chapter 11 case.

According to Richard J. Bernard, Esq., at Foley & Lardner LLP, in
New York, there is new reason to believe that the claims of the
taxing authorities can be resolved while, at the same time, keeping
the doors of the Allegria Hotel open, with the concomitant savings
of at least some jobs and the retention of the valuable airline
contracts that the Debtor has secured postpetition.

Mr. Bernard relates that on February 1, 2016, Masterpiece Caterers,
a well-known food and beverage provider, entered into a non-binding
Memorandum of Understanding with the Debtor to license the food and
beverage operation at the Allegria Hotel, including catering.
Under the arrangement envisioned by this MOU, Masterpiece would
assume all expenses related to the provision of food and beverage
services throughout the hotel, estimated to be approximately $3.5
million annually, including personnel, maintenance, food, liquor,
etc.  By removing the burden of approximately $3.5 million dollars
of expenditures from the Debtor, and considering the income
generated by the airline contracts, it is projected that the Debtor
would swing to a position of substantial profitability, Mr. Bernard
says.

Additionally, even without the MOU, Stabilis has reiterated that it
would be willing, subject to an appropriate overall agreement to
settle pre and postpetition tax claims, to contribute at least $5
million to help resolve the claims of the taxing authorities.

Mr. Bernard asserts that should the case convert to a Chapter 7, a
starkly bleak scenario emerges.  Unless the IRS can succeed with
its long-shot claim that it can assert its lien against the real
estate owned by AKD -- a claim it did not assert and thus, in the
Debtor’s view, waived in the AKD bankruptcy case -- there is no
possibility of a meaningful recovery for the taxing authorities.
Even if successful, the IRS, by forcing the closure of the Allegria
Hotel through the conversion of this Chapter 11 Case, will
negatively impact the value, Mr. Bernard further asserts.  The
furniture and equipment owned by the Debtor, even if not subject to
Stabilis' mortgage, is virtually worthless. And that's it; there is
nothing else for distribution to creditors, Mr. Bernard points
out.

Finally, and importantly, the taxing authorities, as opposed to the
run of the mill unsecured, or even secured, creditors that a
Chapter 7 Trustee is designed to protect, are obviously capable of
enforcing their liens, Mr. Bernard tells the Court.

The Debtor is also represented by Alissa M. Nann, Esq., at Foley &
Lardner LLP, in New York.

                       About Alrose Allegria

Alrose Allegria LLC sought Chapter 11 protection (Bankr. S.D.N.Y.,
Case No. 15-11760) in Manhattan on July 2, 2015, estimating $10
million to $50 million in assets and $1 million to $10 million in
debt.  Allen Rosenberg, managing member of Alrose Allegria and
president of the Alrose Group, signed the bankruptcy petition.
The
Debtor tapped Richard J. Bernard, Esq., at Foley & Lardner LLP, in
New York, as counsel.

According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due Oct. 30, 2015.  The initial case
conference was set for Aug. 3, 2015.  

In July 2011, another unit of the Alrose Group, Alrose King David
LLC filed for Chapter 11 bankruptcy protection (Bankr. E.D.N.Y.,
Case No. 11-75361) in Brooklyn.  Alrose King David LLC was a
special entity established by the Alrose Group to own the
143-room,
beachfront hotel property called the Allegria Hotel & Spa in Long
Beach, Long Island.  Alrose King David won approval of its
reorganization plan in March 2012.


ALROSE KING DAVID: Kenneth P. Silverman Approved as Ch.11 Trustee
-----------------------------------------------------------------
William K. Harrington, the U.S. Trustee for Region 2, on April 22,
2016, sought and obtained approval from the U.S. Bankruptcy Court
for the Southern District of New York pursuant to Fed. R. Bankr. P.
2007.1 to appoint Kenneth P. Silverman as Chapter 11 Trustee in the
Chapter 11 case of Alrose King David LLC.

Judge Sean Lane ruled that the appointment of Mr. Silverman as
Chapter 11 trustee is approved pursuant to 11 U.S.C. Sec. 1104(a),
provided that a bond in the amount of $10,000 is posted pursuant to
Sec. 322.

Mr. Silverman already serves as the Chapter 11 trustee in the Ch.
11 case of affiliate Alrose Allegria LLC.

By order entered on April 20, 2016, and after a hearing on April 7,
the Court directed the United States Trustee to appoint a Chapter
11 trustee for the Chapter 11 case of Alrose King.

By order entered on April 20, 2016, the Court authorized that the
Debtor's case be jointly administered, but not substantively
consolidated, with the Chapter 11 case of In re Alrose Allegria,
S.D.N.Y. Case No. 15-11760.

                        About Alrose King

Alrose King David LLC, owner of a 140-room Allegria Hotel located
at 80 W. Broadway, Long Beach, New York, filed a Chapter 11
bankruptcy petition (Bankr. S.D.N.Y. Case No. 16-10536) on March 4,
2016.  The petition was signed by Allen Rosenberg as managing
member.  The Debtor estimated both assets and liabilities in the
range of $10 million to $50 million.  Foley & Lardner LLP
represents the Debtor as counsel.

This is Alrose King's second bankruptcy filing.  In July 2011,
following an action by secured creditor Brooklyn Federal Savings
Bank and other vendors, the Debtor sought protection under Chapter
11 of the Bankruptcy Code in the Eastern District of New York, Case
No. 11-75361.

By order dated June 18, 2012, the Debtor's Plan of Reorganization
was confirmed, and on the same date, Joseph S. Maniscalco, Esq.,
was appointed as the administrator of the AKD Plan.  The effective
date of the AKD Plan was June 18, 2012.  The EDNY Court issued a
final decree and order closing the First Chapter 11 case on March
18, 2014.

Because of a lack of creditor interest, the United States Trustee
was unable to form a committee of unsecured creditors in the second
bankruptcy case.


ANWORTH MORTGAGE: Egan-Jones Cuts FC Sr. Unsec. Rating to BB
------------------------------------------------------------
Egan-Jones Ratings Company lowered foreign currency senior
unsecured rating on debt issued by Anworth Mortgage Asset Corp to
BB from BB+ on April 15, 2016.

Anworth Mortgage Asset Corp. is a real estate investment trust
company based in Santa Monica, California.



ASPECT SOFTWARE: Court OK to Performance Award Program
------------------------------------------------------
The Honorable Mary F. Walrath of the Bankruptcy Court for the
District of Delaware authorized Aspect Software Parent, Inc., et
al., to implement their Performance Award Program, including making
payments that become due, provided that any payments earned on
account of second quarter performance under the Program will be
paid no earlier than the 45th day after the effective date of the
Debtors' plan of reorganization.

The Troubled Company Reporter previously reported that the
Performance Award Program contains, among others, these relevant
terms:

   (a) The Participants: The 14 participants include the chief
executive officer, chief financial officer, general counsel,
president, chief information officer, chief marketing officer,
chief technology officer, and seven other senior employees.

   (b) Performance Metrics:  The Performance Award Program
utilizes
the following two equally-weighted metrics in each Performance
Period to measure employee performance, each considered
independently of each other:

       (1) "EBITDAR,"which is adjusted earnings before interest,
tax, depreciation, amortization, and restructuring costs; and

       (2) "Recurring Revenue," which is calculated based on the
retention of business from customers generating recurring revenue.

   (c) The Performance Targets:  Participants qualify for
incentive
payments if the Debtors achieve specified targets for each of the
Performance Metrics for each quarter: (i) for EBITDAR, the
threshold and maximum performance outcomes are established within
a
range of 70 to 110 percent of the target annual operating plan
performance level, and (ii) for Recurring Revenue, the threshold
and maximum performance outcomes are established with a range of
70
to 100 percent of the targeted annual operating plan performance
level

   (d) Potential Payment Amounts:  The estimated cost of the
Performance Award Program is approximately $1.75 million each
quarter, for two quarters, at target pay-out levels and $1.925
million each quarter, for two quarters, at maximum overachievement
pay-out levels, totaling a maximum cost of $3.85 million for both
quarters.

The U.S. Trustee is the sole objector to the Performance Award
Motion on the ground that the Debtors "have failed to demonstrate
that the proposed metrics are not mere lay-ups."  According to the
Debtor, the U.S. Trustee's objection ignored all of the evidence
that the Debtors submitted in support of its Motion, including the
declaration from Michael A. Feder, a managing director at
AlixPartners LLC, who explained that the proposed metrics are
"challenging" and "value-maximizing" in view of the potential
outcomes and magnitudes of downside risk relating to the PAP.  The
Debtors add that the U.S. Trustee also ignored the declaration of
Zachary P. Georgeson, a consulting director at Willis Towers Watson
PLC, described that the Program is "consistent with market
practice," and "appropriate in the light of the Debtors' particular
facts and circumstances" founded on the comprehensive competitive
compensation analysis he performed based on the market data he
reviewed.

Aspect Software Parent, Inc., et al., are represented by:

       Domenic E. Pacitti, Esq.
       Michael W. Yurkewicz, Esq.
       KLEHR HARRISON HARVEY BRANZBURG LLP
       919 N. Market Street, Suite 1000
       Wilmington, Delaware 19801
       Telephone: (302) 426 – 1189
       Facsimile: (302) 426 – 9193
       Email: dpacitti@klehr.com
              myurkewicz@klehr.com

       -- and --

       Morton Branzburg, Esq.
       KLEHR HARRISON HARVEY BRANZBURG LLP
       1835 Market Street - Suite 1400
       Philadelphia, PA 19103
       Telephone: (215) 569-3007
       Facsimile; (215) 568-6603
       Email: mbranzburg@klehr.com

       -- and --

       Joshua A. Sussberg, P.C.
       Aparna Yenamandra, Esq.
       KIRKLAND & ELLIS LLP
       601 Lexington Avenue
       New York, New York 10022
       Telephone: (212) 446-4800
       Facsimile: (212) 446-4900
       Email: joshua.sussberg@kirkland.com
              aparna.yenamandra@kirkland.com

       -- and --

       James H.M. Sprayregen, P.C.
       William A. Guerrieri, Esq.
       KIRKLAND & ELLIS LLP
       300 North LaSalle
       Chicago Illinois 60654
       Telephone: (312) 862-2000
       Facsimile: (312) 862-2200
       Email: james.sprayregen@kirkland.com
              will.guerrieri@kirkland.com

            About Aspect Software Parent

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. Lead Case No. 16-10597) on March 9, 2016.  Robert Krakauer,
the executive vice president and chief financial officer, signed
the petitions.

The Debtors 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.


ASPECT SOFTWARE: Has Green Light to Assume Plan Support Deal
------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware granted
Aspect Software Parent Inc.'s motion for authority to assume and
perform under a plan support agreement with consenting first lien
committee and the consenting cross-over committee.

BankruptcyData.com reported that "This Plan contemplates reducing
approximately $380 million in funded debt obligations, reducing
annual cash interest expense by approximately $27 million, and
infusing new money in the form of a rights offering (in which
holders of Second Lien Note Claims will have the right to
participate); a backstop commitment from certain members of the
Consenting Cross-Over Committee and other Consenting Cross-Over
Lenders (the 'Backstop Parties'); a $30 million revolving credit
facility; and a $30 million debtor-in-possession financing
facility, the DIP Facility . . .The Milestones provide for the
following timeline: obtain Court approval of the final D.I.P.
financing order on or before 35 calendar days of the Petition Date
(i.e. April 13, 2016); obtain Court approval of the motion to
approve the Disclosure Statement within 50 days from the Petition
Date (i.e. April 28, 2016); obtain Court approval of the assumption
of the Plan Support Agreement within 50 calendar days from the
Petition Date (i.e. April 28, 2016); obtain Court approval of the
Backstop Agreement within 50 calendar days from the Petition Date
(i.e. April 28, 2016); confirm the Plan within 90 calendar days
from the Petition Date (i.e. June 7, 2016); and obtain an effective
date for the Plan on or before 105 calendar days after the Petition
Date (i.e. June 22, 2016). . .  The Debtors submit that entering
into the Plan Support Agreement is a sound exercise of their
business judgment and is justified under the circumstances…
Unlike any of the other proposals the Debtors received over the
last year, the Plan Support Agreement builds the most consensus
among creditors to achieve a pathway to plan confirmation and
contemplates a swift exit from chapter 11 paying general unsecured
claims in full."

                        The Chapter 11 Plan

As reported in the March 30, 2016 edition of the TCR, a hearing
will held before the Honorable Mary F. Walrath of the U.S.
Bankruptcy Court for the District of Delaware on April 25, 2016,
at
2 p.m. prevailing Eastern Time, to consider the entry of an order
approving, among other things, the Disclosure Statement explaining
Aspect Software Parent, Inc., et al.'s Joint Chapter 11 Plan of
Reorganization.

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

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

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

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

                       About Aspect Software

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

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

The Debtors are represented by Domenic E. Pacitti, Esq., and
Michael W. Yurkewicz, Esq., at Klehr Harrison Harvey Branzburg
LLP,
in Wilmington, Delaware; Morton Branzburg, Esq., at Klehr Harrison
Harvey Branzburg LLP, in Philadelphia, Pennsylvania; and Joshua A.
Sussberg, P.C., Esq., and Aparna Yenamandra, Esq., at Kirkland &
Ellis LLP, in New York; and James H.M. Sprayregen, P.C., Esq., and
William A. Guerrieri, Esq., at Kirkland & Ellis LLP, in Chicago,
Illinois.  The Debtors also tapped Alix Partners, LLP as financial
advisor, Jefferies LLC as investment banker and Prime Clerk LLC as
claims, notice, and balloting 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 Aspect Software Parent, Inc.


BASIC ENERGY: Reports First Quarter 2016 Results
------------------------------------------------
Basic Energy Services, Inc., announced its financial and operating
results for the first quarter ended March 31, 2016.

FIRST QUARTER 2016 HIGHLIGHTS

First quarter 2016 revenue declined 19% to $130.4 million from
$161.0 million in the fourth quarter of 2015, as low levels of
activity driven by weak and volatile energy prices and significant
weather impact during the first two months of the quarter pushed
our customers to postpone a growing inventory of maintenance and
work-over projects.  In the first quarter of 2015, Basic generated
$261.7 million in revenue.

For the first quarter of 2016, Basic reported a net loss of $83.3
million, or a loss of $2.00 per basic and diluted share.  The first
quarter of 2016 included a tax-effected, non-cash charge of $1.3
million, or $0.03 per share pertaining to the early extinguishment
of deferred debt costs related to the amendment of Basic's
revolving credit facility and a non-cash charge of $27.3 million,
or $0.66 per share, related to a deferred tax valuation allowance
on federal net operating losses.  Excluding the impact of these
special items, Basic reported a net loss of $54.8 million, or a
loss of $1.32 per basic and diluted share.  This compares to a net
loss of $55.2 million, or a loss of $1.36 per basic and diluted
share, in the fourth quarter of 2015.  In the first quarter of
2015, Basic reported a net loss of $32.6 million, or a loss of
$0.81 per basic and diluted share.

Roe Patterson, Basic's president and chief executive officer,
stated, "Our first quarter results continue to reflect the impact
of the ongoing decline in all oilfield-related services.  While our
production-related activities appeared to have begun stabilizing at
the end of the first quarter, our completion-related services
continue to be impacted as the volatility and uncertainty in oil
prices caused our customers to further curtail their exploration
and drilling projects as the quarter unfolded. In addition, weather
interruptions represented approximately three percentage points of
the total sequential revenue drop during the quarter.

"Early in the quarter, we had anticipated that the growing
inventory of maintenance and workover projects that were deferred
at the end of 2015 would be completed in the first quarter.  This
did not happen as oil prices dipped below $30 per barrel twice
during the quarter.  These oil price declines forced many customers
to delay projects until more stable oil prices returned. Our fluid
services business, anchored by our extensive network of salt-water
disposal wells, continues to operate at relatively stable levels
despite the current environment as we benefit from protected market
share and a lower cost structure.  Margins in this business were
impacted by weather and a decrease in our skim oil sales, which
track WTI pricing.  Our well servicing business margin increased
sequentially driven mainly by the impact of cost savings
initiatives.

"Pricing in all our markets and lines of business remains very
competitive, and we continue to scale back operations and capital
expenditures to fit cash flow and preserve our liquidity.  As a
result, we continue to stack equipment and exit markets where cash
margins do not support maintenance capital expenditures.  As of the
end of the first quarter, we had stacked 134,000 hydraulic
horsepower.  We also stacked additional well servicing rigs to
bring our total stacked rig inventory to 127 at quarter-end.

"Looking ahead, the fluctuations in oil prices create market
uncertainties preventing us from knowing exactly what our near term
results will look like.  But based on current activity levels, we
anticipate that our second quarter revenue could be down
approximately 3 to 4% sequentially driven by a declining drilling
rig count and fewer completions. Production related services should
improve in the near term if oil prices remain in the $40 per barrel
range, but these improvements may not be enough to offset declining
completion activities.

"In conjunction with our new $165 million term loan that was
announced in February 2016, we made further progress during the
quarter to adjust our operational infrastructure to react to the
prolonged weak market conditions and will make additional changes
throughout this year to generate additional cost savings.  We
expect these changes to be fully implemented by the end of the
first half of 2016 and we will continue to look for ways to operate
in a cost effective manner to get the company to cash flow
break-even or better by the end of 2016."

Adjusted EBITDA decreased to ($11.1 million), or (9%) of revenues,
for the first quarter of 2016 from ($7.5 million), or (5%) of
revenues, in the fourth quarter of 2015.  In the first quarter of
2015, Basic generated Adjusted EBITDA of $27.3 million, or 10% of
revenues.  Adjusted EBITDA is defined as net income before
interest, taxes, depreciation and amortization ("EBITDA"), and the
net gain or loss from the disposal of assets.

Completion and Remedial Services

Completion and remedial services revenue dropped by 32% to $39.7
million in the first quarter of 2016 from $58.5 million in the
prior quarter.  The sequential decline in revenue was primarily due
to lower activity levels driven by the lower drilling rig count and
rate reductions due to greater competition in several basins in the
Company's footprint.  In the first quarter of 2015, this segment
generated $112.8 million in revenue.

At March 31, 2016, Basic had approximately 444,000 hydraulic
horsepower, essentially flat compared to the end of the previous
quarter and up slightly from 443,000 HHP as of March 31, 2015.
Weighted average HHP for the first quarter of 2016 was 444,000,
equal to the fourth quarter of 2015.  134,000 HHP was stacked as of
March 31, 2016, as several frac operations were shut down during
the quarter due to pricing dropping below cash flow breakeven
levels.

Segment profit in the first quarter of 2016 decreased 42% to $4.9
million compared to $8.5 million in the prior quarter.  Segment
margin for the first quarter 2016 decreased to 12% compared to 15%
during the previous quarter, driven predominantly by continued
pricing pressure, as well as the negative impact of decremental
margins on the lower revenue base.  During the first quarter of
2015, segment profit was $31.5 million, or 28% of segment revenue.

Fluid Services

Fluid services revenue in the first quarter of 2016 decreased 14%
to $50.3 million compared to $58.5 million in the prior quarter.
Segment revenues declined driven by the weather impact of
approximately $1.6 million, along with decreases in disposal
utilization, skim oil sales and frac tank rental revenues.  During
the first quarter of 2015, this segment generated $73.8 million in
revenue.

The weighted average number of fluid services trucks decreased 2%
to 985 during the first quarter of 2016, compared to 1,002 during
the fourth quarter of 2015 and 1,046 during the first quarter of
2015.  Truck hours of 521,500 during the first quarter of 2016
represented a decrease of 6% from the 557,000 generated in the
fourth quarter of 2015 and a decrease of 12% compared to 595,100 in
the same period in 2015.

The average revenue per fluid service truck decreased 13% to
$51,000 from $58,000 in the fourth quarter of 2015, as disposal
utilization and skim oil sales dropped with trucking activity.  In
the comparable quarter of 2015, average revenue per fluid truck was
$71,000.

Segment profit in the first quarter of 2016 was $9.1 million,
compared to a profit of $12.5 million in the prior quarter. Segment
profit margin decreased 330 basis points to 18% due to the impact
of decremental margins on the lower revenue base and inclement
weather.  Segment profit in the same period in 2015 was $19.7
million, or 27% of segment revenue.

Well Servicing

Well servicing revenues decreased 6% to $38.9 million during the
first quarter of 2016 compared to $41.5 million in the prior
quarter as higher Taylor revenues partially offset lower rig
activity and continued pricing pressure.  Well servicing revenues
were $63.7 million in the first quarter of 2015. Revenues from the
Taylor manufacturing operations were $4.1 million in the first
quarter of 2016 compared to $2.6 million in the prior quarter and
$1.8 million in the first quarter of 2015.

At March 31, 2016, the well servicing rig count was 421, the same
as the end of the prior quarter and at March 31, 2015.  Rig hours
were 108,400 in the first quarter of 2016, down 10% compared to
120,000 in the previous quarter and down 34% from 163,900 hours in
the comparable quarter of last year.  Rig utilization was 36% in
the first quarter of 2016, down from 39% in the prior quarter and
down from 55% in the first quarter of 2015.  

Excluding revenues associated with the Taylor manufacturing
operations, revenue per well servicing rig hour was $321 in the
first quarter of 2016, down 1% compared to $325 in the previous
quarter and down 15% from $377 reported in the first quarter of
2015.  The slight sequential decline was due to pricing concessions
given to customers almost totally offset by increases in
higher-rate activity services, such as plugging and abandonment.

Segment profit in the first quarter of 2016 increased to $4.4
million, compared to $3.9 million in the prior quarter and $11.3
million during the same period in 2015. Segment profit margin
increased to 11% in the first quarter of 2016 from 9% in the prior
quarter.  In the first quarter of 2015, segment profit was 18% of
segment revenue. Margins improved, despite lower utilization and
activity levels, due to cost savings initiatives and closing
non-profitable locations.  Segment profit from the Taylor
manufacturing operations was $102,000 in the first quarter of 2016
compared to a loss of $106,000 in last year's fourth quarter.

Contract Drilling

Contract drilling revenues decreased by 41% to $1.5 million during
the first quarter of 2016 from $2.6 million in the prior quarter.
During the first quarter of 2015, this segment generated $11.5
million in revenue.  Basic marketed 12 drilling rigs during the
first quarter of 2015, the same number of rigs as in the previous
quarter as well as the first quarter of 2015.  However, only one
rig was active during the majority of the first quarter. Revenue
per drilling day in the first quarter of 2016 was $16,500, flat
compared to the previous quarter but down slightly from $17,000 in
the first quarter of 2015.

Rig operating days during the first quarter of 2016 decreased by
41% to 91 compared to 155 in the prior quarter, resulting in rig
utilization of 8% during the first quarter of 2016 compared to 14%
during the prior quarter.  Rig operating days declined due to
diminishing capital and operational spending by our customers.  In
the comparable period in 2015, rig operating days were 674,
producing a utilization of 62%.

Segment loss in the first quarter of 2016 was $57,000 compared to
profit of $69,000 in the prior quarter and a decrease from $4.0
million in the first quarter of 2016.  Segment margin for the first
quarter of 2016 was (4%) of segment revenues compared to 3% in the
prior quarter, due to only one rig running during the first
quarter.  Last year in the comparable period, segment margin was
34%.

G&A Expense

General and administrative expense in the first quarter of 2016
was $29.6 million, or 23% of revenue, compared to $32.6 million, or
20% of revenue, for the prior quarter.  This 9% decrease in G&A
expense was primarily the result of headcount reductions, lower
incentive compensation and other cost savings initiatives
implemented throughout the late fourth quarter and during the first
quarter.  G&A expense in the first quarter of 2015 was $39.2
million, or 15% of revenue.

Tax Benefit

Basic's tax benefit for the first quarter of 2016 was $4.5
million, compared to a tax benefit of $29.8 million in the fourth
quarter of 2015.  In the first quarter of 2016, Basic recognized a
deferred tax valuation allowance of $27.3 million related to net
operating loss carryforwards available to be used in future
periods.  Excluding the impact of the valuation allowance and the
write-down of the deferred debt cost discussed previously, the
operating effective tax benefit is $31.1 million, for an operating
effective tax benefit rate of 36%.  The prior quarter's effective
tax adjusted benefit rate was 35%.  The tax benefit of $17.9
million in the first quarter of 2015 translated into an effective
tax benefit rate of 35%.

Cash and Total Liquidity

On March 31, 2016, Basic had cash and cash equivalents of
approximately $75.1 million, up from $46.7 million at Dec. 31,
2015, and $104.9 million on March 31, 2015.  The increase in cash
is due to the initial borrowings of $75.3 million under the $165.0
million Term Loan Credit Agreement signed in February.  An
additional amount of $83.6 million is classified as restricted cash
and is expected to be released upon satisfaction of pre-determined
conditions related to the perfection of collateral later in 2016.
The Term Loan Agreement also includes a delayed draw provision for
borrowings in an aggregate principal amount not to exceed $15.0
million.

At March 31, 2016, total liquidity was approximately $176.3
million, which included $17.6 million of availability under
Basic’s $100 million revolving credit facility.  In February
2016, Basic amended its existing revolving credit agreement,
reducing the aggregate commitment from $250 million to $100
million.

Capital Expenditures

Total capital expenditures during the first three months of 2016
were approximately $6.0 million (including capital leases of $1.4
million), comprised of $1.2 million for expansion projects, $3.8
million for sustaining and replacement projects and $1.0 million
for other projects.  Expansion capital spending included $821,000
for the well servicing segment, $357,000 for the fluid services
segment, and $23,000 for the completion and remedial services
segment.  Other capital expenditures were mainly for facilities and
IT infrastructure.

Basic currently anticipates 2016 capital expenditures to be under
$40.0 million, including $15.0 million of capital leases.

Basic hosted a conference call to discuss its first quarter 2016
results on Thursday, April 21, 2016.

A full-text copy of the press release is available at:

                       http://is.gd/VxCC78

                        About Basic Energy

Energy Services, Inc. provides a wide range of well site services
in the United States to oil and natural gas drilling and producing
companies, including completion and remedial services, fluid
services, well servicing and contract drilling.  These services are
fundamental to establishing and maintaining the flow of oil and
natural gas throughout the productive life of a well.  The
Company's broad range of services enables us to meet multiple needs
of our customers at the well site.

Basic Energy reported a net loss of $241.74 million in 2015
compared to a net loss of $8.34 million in 2014.  As of Dec. 31,
2015, Basic Energy had $1.16 billion in total assets, $1.05 billion
in total liabilities and $106.33 million in total stockholders'
equity.

"If we are unable to generate sufficient cash flow or are otherwise
unable to obtain the funds required to make principal and interest
payments on our indebtedness, or if we otherwise fail to comply
with the various covenants in instruments governing any existing or
future indebtedness, we could be in default under the terms of such
instruments.  In the event of a default, the holders of our
indebtedness could elect to declare all the funds borrowed under
those instruments to be due and payable together with accrued and
unpaid interest, secured lenders could foreclose on any of our
assets securing their loans and we or one or more of our
subsidiaries could be forced into bankruptcy or liquidation. If our
indebtedness is accelerated, or we enter into bankruptcy, we may be
unable to pay all of our indebtedness in full.  Any of the
foregoing consequences could restrict our ability to grow our
business and cause the value of our common stock to decline," the
Company warned in its annual report for the year ended Dec. 31,
2015.

                          *    *    *

As reported by the TCR on March 30, 2016, Standard & Poor's Ratings
Services lowered its corporate credit rating on Fort Worth-based
Basic Energy Services Inc. to 'CCC+' from 'B-'.  The outlook is
negative.

The TCR reported n March 14, 2016, that Moody's Investors Service
downgraded Basic Energy Services, Inc.'s Corporate Family Rating
(CFR) to Caa3 from Caa1, its senior unsecured notes rating to Ca
from Caa2, and lowered its Speculative Grade Liquidity Rating to
SGL-4 from SGL-3.  The outlook remains negative.


BLUE DOG AT 399: Asks Court to Extend Plan Exclusivity to Sept. 23
------------------------------------------------------------------
Blue Dog at 399 Inc. asks the U.S. Bankruptcy Court for the
Southern District of New York to extend the period within which it
has the exclusive right to file and solicit acceptances of a
Chapter 11 plan of reorganization.  Specifically, the Debtor
requests that the Exclusive Period for filing a chapter 11 plan be
extended from April 20, 2016, to and including September 23, 2016,
and that the Exclusive Period for the solicitation of acceptances
be extended from June 20, 2016, to and including November 24, 2016.


A hearing on the request is set for May 11, 2016, before Judge
Michael E. Wiles.

Blue Dog at 399 Inc., as a commercial tenant, entered into a lease
agreement, dated January 1, 2012, as amended, with BP 399 Park
Avenue LLC, as landlord, for the premises leased to the Debtor, a
portion of the ground floor and basement level C of the building
located at 399 Park Avenue, New York, New York 10022.  The Lease
term is for ten years and not due to expire until the year 2022.
The Debtor leased the Premises in order to operate a unique upscale
cafe.  The Premises, prior to Debtor's occupancy, was not used for
a food service establishment, and as such the Debtor was required
to undertake a significant construction project in
order for the Premises to be prepared for its intended use as a
cafe.

After the Debtor spent over two years and $1.6 million carrying out
the renovations and build-out at the Premises necessary to open and
operate the cafe, and more than $500,000 paying rent on the
Premises, the Landlord wrongfully evicted and dispossessed the
Debtor of the Premises.  

The Debtor asserts these actions were wrongful, invalid and in
breach of the Landlord's obligations under the Lease.  As a result
of these actions, the Debtor was unable to open or operate its
business and was compelled to file for protection under Chapter 11
of the Bankruptcy Code on the March 24, 2015 Petition Date.

The Debtor then filed a complaint and commenced an adversary
proceeding against the Landlord on April 17, 2015, Blue Dog at 399,
Inc. v. BP 399 Park Avenue LLC, Adv. Pro. No.: 15-01097-MEW,
alleging, among other things, that, in sum, the Lease, as amended
by certain prepetition stipulations and court orders, gave the
Debtor the right to retain possession of the Premises and gave
Debtor the self effectuating contractual right to have the ten-year
Lease deemed fully reinstated upon the Debtor meeting certain
conditions, principally the timely opening of the cafe.  

The Debtor further alleges in the Complaint that it timely complied
with the required conditions as Debtor was ready, willing and able
to open the cafe by the applicable February 28, 2015 deadline and
was only prevented from doing so by Landlord's wrongful
interference and thus the Lease, together with its ten year
term extending through 2022, was reinstated prior to the Petition
Date and remains in full force
and effect and the Debtor is entitled to a declaratory judgment
acknowledging that.  

On June 19, 2015, the Landlord filed the Motion to Dismiss
Complaint in the Adversary Proceeding.  In response, the Debtor
filed the Opposition to Defendant's Motion to Dismiss Complaint.

At the Debtor's behest, the Court previously extended the Exclusive
Period in which the Debtor may file a chapter 11 plan to and
including April 20, 2016, and extended the Exclusive Period for the
solicitation of plan acceptances to and including June 20, 2016.  

Since then, on October 27, 2015 the Court entered the Opinion
Denying Motion to Dismiss, and on December 16, 2015 the Court
entered the Order Denying Motion to Dismiss.  The Landlord answered
the Complaint and the Court recently entered an amended Joint
Pretrial Scheduling Order for the Adversary Proceeding to proceed
with a final pretrial order date of July 21, 2016.

Additionally, on November 12, 2015 the Court entered the
Stipulation and Any Unexpired Leases of Nonresidential Real
Property Between the Debtor and BP 399 Park Avenue LLC in the
Chapter 11 Case, which, among other things, extends the Debtor's
time to assume or reject the Lease until 30 days after the date the
Court enters a decision fully adjudicating or otherwise disposing
of the Adversary Proceeding.

As of the Petition Date, the Debtor exhausted funds paying rent on
the Premises and performing the necessary build-out to the Premises
but was never permitted to commence its business operations to
begin generating income.  Thus, the Lease was, and remains,
Debtor's principal asset, which is necessary for Debtor to carry
out the business purpose for which it was created and which is
necessary for a successful reorganization for the benefit of all
creditors and stakeholders.   

If successful, the Adversary Proceeding will affirm that the Lease,
together with its ten year term extending through 2022, was
reinstated prior to the Petition Date and remains in full force and
effect and will enable Debtor to seek assumption of the Lease and
to reoccupy the Premises and commence operation of its business for
a successful reorganization.  The Debtor intends to propose a
viable reorganization plan in connection with assumption of the
Lease and to assume or reject any other unexpired leases and
executory contracts in connection with the plan.  

According to the Debtor, the Adversary Proceeding has progressed
and is progressing to a conclusion likely in the coming months but
it is still pending before the Bankrupcy Court.  Therefore, the
Debtor submits that it is justified in its request to extend the
Exclusive Periods to allow the Debtor more time to accomplish the
foregoing.

Blue Dog at 399 Inc. filed a Chapter 11 petition (Bankr. S.D.N.Y.
Case No. 15-10694) on March 24, 2015.  Hon. Michael E. Wiles
presides over the case.  In its petition, the Debtor estimated $1
million to $10 million in both assets and liabilities.  The
petition was signed by Elizabeth Slavutsky, sole director and
shareholder.

Counsel to Blue Dog at 399 Inc.:

     Paul R. DeFilippo, Esq.
     John D. Giampolo, Esq.
     WOLLMUTH MAHER & DEUTSCH LLP
     500 Fifth Avenue
     New York, NY 10110
     Tel: 212-382-3300
     E-mail: jgiampolo@wmd-law.com
             pdefilippo@wmd-law.com

Landlord BP 399 Park Avenue LLC is represented by:

     Menachem J. Kastner, Esq.
     Frederick E. Schmidt, Jr., Esq.
     Cozen O'Connor, PC
     45 Broadway, 16th Floor
     New York, NY 10006
     E-mail: eschmidt@cozen.com


BUFFETS LLC: Seeks Extension to File Schedules Through May 20
-------------------------------------------------------------
Buffets, LLC, et al., ask the Bankruptcy Court to extend the time
within which they must file their schedules of assets and
liabilities and statements of financial affairs through May 20,
2016.

The Debtors tell the Court that they have begun compiling the
information required to complete their Schedules and Statements but
have not yet finished gathering such information in light of the
conversion process of their accounting system to the accounting
system used by FMP SA Management Group, LLC (FMP) -- their business
operations have been managed by FMP as of Petition Date -- and
given the numerous critical operational matters that the Debtors'
accounting and legal personnel addressed in the early days of the
Chapter 11 Case, the Debtors anticipate that they will be unable to
complete their Schedules and Statements by April 20, 2016.

In addition, counsel for the Debtors, David W. Parham, Esq. of
Akerman LLP of Dallas, Texas has also conferred with the U.S.
Trustee and counsel for the unsecured creditors’ committee who
have no objection to the relief sought in this Motion.

Buffets, LLC, et al., are represented by:

       David W. Parham, Esq.
       John E. Mitchell, Esq.
       AKERMAN LLP
       2001 Ross Avenue, Suite 2550
       Dallas, Texas 75201
       Telephone: (214) 720-4300
       Facsimile: (214) 981-9339
       Email: david.parham@akerman.com
              john.mitchell@akerman.com

       -- and --

       Andrea Hartley, Esq.
       Esther A. McKean, Esq.
       Amy M. Leitch, Esq.
       AKERMAN LLP
       Three Brickell City Centre
       98 Southeast Seventh Street
       Miami, FL 33131
       Telephone: 305.374.5600
       Facsimile: 305.374.5095
       Email: andrea.hartley@akerman.com
              esther.mckean@akerman.com
              amy.leitch@akerman.com

                      About Buffets LLC

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

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

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

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

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


CAAMM PROPERTIES: Case Summary & 11 Unsecured Creditors
-------------------------------------------------------
Debtor: CAAMM Properties, LLC
        265 Front Street
        New Haven, CT 06513

Case No.: 16-30622

Chapter 11 Petition Date: April 22, 2016

Court: United States Bankruptcy Court
       District of Connecticut (New Haven)

Judge: Hon. Julie A. Manning

Debtor's Counsel: Carl T. Gulliver, Esq.
                  COAN, LEWENDON, GULLIVER & MILTENBERGER LLC
                  495 Orange Street
                  New Haven, CT 06511
                  Tel: (203) 624-4756
                  Fax: 203-865-3673
                  E-mail: cgulliver@coanlewendon.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael Fraenza, member.

A list of the Debtor's 11 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ctb16-30622.pdf


CANYON PORTAL: U.S. Trustee Unable to Appoint Creditors' Committee
------------------------------------------------------------------
The United States Trustee advised the Court that a committee under
Section 1102 of the Bankruptcy Code has not been appointed in the
Chapter 11 case of Canyon Portal II, LLC, because an insufficient
number of persons holding unsecured claims against the debtor have
expressed interest in serving on a committee.

The UST reserves the right to appoint such a committee should
interest develop among the creditors.

                     About Canyon Portal II

Canyon Portal II, LLC filed a Chapter 11 bankruptcy petition
(Bankr. D. Ariz. Case No. 15-16313) on Dec. 31, 2015.  The
petition
was signed by Al Spector as manager.  The Debtor disclosed total
assets of $29.55 million and total debts of $22.62 million.
Stinson Leonard Street LLP represents the Debtor as counsel.
Judge
Eddward P. Ballinger Jr. has been assigned the case.


CHARLES DONALD LEONARD: Plan Exclusivity Extended to June 11
------------------------------------------------------------
Chief Judge Thomas L. Saladino of the U.S. Bankruptcy Court for the
District of Nebraska granted the request of debtor Charles Donald
Leonard to extend his exclusivity period for filing a Chapter 11
Plan and Disclosure Statement.  The exclusivity period is extended
to June 11, 2016.  No timely resistance or objection was filed.

Charles Donald Leonard and Margaret Rose Leonard, dba Leonard
Cattle Company, filed a joint Chapter 11 petition (Bankr. D. Neb.
Case No. 15-82016) on December 14, 2015.  The Joint Debtors are
represented by:

     Victor E. Covalt, III, Esq.
     Ballew, Covalt PC LLO
     P O Box 81229
     Lincoln, NE 68501-1229
     Tel: (402) 436-3030
     Fax : (402) 436-3031
     E-mail: vcovalt@ballewcovalt.com

          - and -

     David Grant Hicks
     Pollak, Hicks, & Alhejaj, P.C.
     Burt Street Professional Building
     11717 Burt Street, Suite 106
     Omaha, NE 68154
     Tel: (402) 345-1717
     E-mail: dhicks@bankruptcynebraska.com


CHRISTIAN DWYER TWIGG-SMITH: Selling Coffee Farm Lots for $4.2MM
----------------------------------------------------------------
Christian Dwyer Twigg-Smith filed with the U.S. Bankruptcy Court
for the District of Hawaii on April 22, 2016, a motion to sell its
interest in real property commonly referred to as Coffee Farm Lots
for $4.2 million to Soo Kyung Kim or her nominee.

The Debtor's primary assets consist of two sets of properties
located in the Holualoa, Hawaii, with the first set consisting of
the 109 acre coffee farm and adjacent coffee lots, designated as
lot 19 and lot 20 ("Coffee Farm Lots").  The Coffee Farm Lots have
a combined total acreage of approximately 532 acres.

Several years ago, the Debtor listed the Coffee Farm Lots for sale
at $6.5 million. While the Coffee Farm Lots have drawn some
interest over the years, the Debtor received no serious offers.
Soo Kyung Kim has offered to purchase the Coffee Farm Lots for
$4,200,000.

The Debtor anticipates no secured creditor will object to the sale
price, thus satisfying 11 U.S.C. Sec. 363(f)(2).

The Debtor seeks authority to disburse the sale proceeds to pay:
(a) ordinary and customary closing costs of sale which the Buyer
does not agree to pay, including payment of a standard seller's
title policy, real property taxes, conveyance tax and recording
fees; (b) a 4% commission to be split between the seller and
buyer's realtors; (c) Point Financial and First Hawaiian Bank; and
(d) hold the remaining sale proceeds to remain in escrow, with
other liens to attach to the proceeds.

A hearing on the sale motion is scheduled for May 16, 2016, at 2:00
p.m. before Judge Robert J. Faris.

According to the Asset Purchase Agreement, the purchase and sale of
the Property will take place at the office of escrow not later than
the date which is 14 days after the entry of an order in the
Bankruptcy Case approving the Agreement or June 30, 2016.

                 About Christian Dwyer Twigg-Smith

Christian Dwyer Twigg-Smith is a member of a Kama'aina family
that's been in Hawaii since the 19th century. He is a sixth
generation Hawaii resident and was born and raised on the island of
Hawaii.  He is 58 years old.

Mr. Twigg-Smith filed a Chapter 11 petition (Bankr. D. Haw. Case
No. 15-01299) on October 27, 2015.


CLOUDBREAK ENTERTAINMENT: Plan Exclusivity Extended to July 28
--------------------------------------------------------------
At the behest of Cloudbreak Entertainment, Inc., U.S. Bankruptcy
Judge Neil W. Bason of the U.S. Bankruptcy Court for the Central
District of California extended the Debtor's time to file and
solicit acceptances of a plan:

     -- The Debtor's exclusive period to file a plan is extended
through and including July 28, 2016.

     -- The Debtor's exclusive period to obtain acceptance of the
plan is extended through and including September 26, 2016.

The Debtor is represented by:

     Dean A. Ziehl, Esq.
     Jeremy V. Richards, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     10100 Santa Monica Blvd., Suite 1300
     Los Angeles, CA  90067-4114
     Telephone: 310/277-6910
     Facsimile: 310/201-0760
     E-mail: dziehl@pszjlaw.com
             jrichards@pszjlaw.com

Santa Monica, California-based Cloudbreak Entertainment, Inc.,
filed for Chapter 11 protection (Bankr. C.D. Cal. Case No.
15-28443) on Dec. 1, 2015.  Bankruptcy Judge Neil W. Bason
presides
over the case.  Jeremy V. Richards, Esq., at Pachulski Stang Ziehl
& Jones LLP represents the Debtor in its restructuring effort.
The
Company estimated asset and debts at $1 million to $10 million.


COATES INTERNATIONAL: Cowan Resigns as Accountants
--------------------------------------------------
Coates International, Ltd. disclosed in a Form 8-K report filed
with the Securities and Exchange Commission that it was informed by
its independent registered public accounting firm, Cowan, Gunteski
& Co., P.A., that it has transferred its SEC practice to MSPC.  As
a result of the transfer and upon notice by "Cowan" to the Company
on April 18, 2016, "Cowan" in effect has resigned as the Company's
independent registered public accounting firm and MSPC became the
Company's independent registered public accounting firm.  The
engagement of MSPC as the Company's independent registered public
accounting firm was ratified and approved by the Board of Directors
of the Company on April 21, 2016.

The audit reports of "Cowan" on the financial statements of the
Company as of and for the years ended Dec. 31, 2016, and 2015 did
not contain an adverse opinion or a disclaimer of opinion, nor were
they qualified or modified as to uncertainty, audit scope or
accounting principles, except as to its ability to continue as a
going concern.

The Company said that during its two most recent fiscal years ended
Dec. 31, 2016, and 2015 and through April 18, 2016, the Company did
not consult with MSPC.

                         About Coates

Based in Wall Township, N.J., Coates International, Ltd.
(OTC BB: COTE) -- http://www.coatesengine.com/-- was
incorporated on August 31, 1988, for the purpose of researching,
patenting and manufacturing technology associated with a spherical
rotary valve system for internal combustion engines.  This
technology was developed over a period of 15 years by Mr. George
J. Coates, who is the President and Chairman of the Board of the
Company.

The Coates Spherical Rotary Valve System (CSRV) represents a
revolutionary departure from the conventional poppet valve.  It
changes the means of delivering the air and fuel mixture to the
firing chamber of an internal combustion engine and of expelling
the exhaust produced when the mixture ignites.

Coates International reported a net loss of $10.2 million on
$94,200 of total revenues for the year ended Dec. 31, 2015,
compared to a net loss of $12.8 million on $19,200 of
total revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Coates International had $2.40 million in
total assets, $7.70 million in total liabilities and a total
stockholders' deficiency of $5.29 million.

Cowan, Gunteski & Co., P.A., in Tinton Falls, New Jersey, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company continues to have negative cash flows from operations,
recurring losses from operations, and a stockholders' deficiency.
These conditions raise substantial doubt about its ability to
continue as a going concern.


COLUMBIA HOSPITALITY: 341 Meeting of Creditors Set for June 2
-------------------------------------------------------------
The meeting of creditors of Columbia Hospitality Services Inc. is
set to be held on June 2, 2016, at 11:30 a.m., according to a
filing with the U.S. Bankruptcy Court for the Western District of
Missouri.

The meeting will take place at the U.S. Courthouse, Jury Assembly
Room, 80 Lafayette Street, Jefferson City, Missouri.

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 Columbia Hospitality
   
Columbia Hospitality Services, LLC, operates a Best Western Hotel
located at 2904 Clark Lane, Columbia MO 65202, which has been
closed for sometime and is in the process of reopening.

Columbia Hospitality filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Mo. Case No. 16-20272) on April 4, 2016.  George Pate signed
the petition as president/secretary.  The Debtor listed total
assets of $11.9 million and total liabilities of $9.71 million.


COMMUNITY CHOICE: S&P Lowers Issuer Credit Rating to 'SD'
---------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its issuer
credit ratings on Community Choice Financial Inc. (CCFI) to 'SD'
(selective default) from 'B-'.

At the same time, S&P lowered its issue-level ratings on the
company's senior secured notes to 'D' from 'CCC+'.

"The rating action follows the company's ongoing debt repurchases
at substantially discounted prices, which we view as tantamount to
default," said Standard & Poor's credit analyst Shakir Taylor.

Since the fourth quarter, the company paid $42.1 million to
repurchase senior secured notes with a notional value of about
$141.1 million.  While the purchases were executed via the open
market, S&P treats transactions that reflect a large discount to
par as a de facto restructuring, under S&P's criteria.

In 2016, S&P expects negative market dynamics within the payday
industry to persist, as volumes and earnings related to short-term
lending will likely remain suppressed.



COOPER-STANDARD AUTOMOTIVE: Moody's Puts B2 CFR on Review
---------------------------------------------------------
Moody's Investors Service placed the ratings of Cooper-Standard
Automotive Inc. on review for upgrade including its Corporate
Family Rating and Probability of Default Rating, at B2 and B2-PD,
respectively, and senior secured term loan at B1.
Cooper-Standard's Speculative Grade Liquidity Rating was upgraded
to SGL-2 from SGL-3.

Ratings placed on review for upgrade are:

  Cooper-Standard Automotive Inc.
  Corporate Family Rating, at B2;
  Probability of Default, at B2-PD;
  $730 million (remaining amount) senior secured term loan due
   2021, at B1 (LGD3);

Ratings upgraded:

  The Speculative Grade Liquidity Rating, to SGL-2 from SGL-3.
  The $180 million asset based revolving credit facility is not
   rated by Moody's.

                         RATINGS RATIONALE

The review for upgrade considers Cooper-Standard's year-over--year
improved operating performance over the recent quarters following
the announcement of its intent to restructure its European
manufacturing operation in January 2015.  Beginning in the second
financial quarter of 2015 the company's quarterly financial
performance, inclusive of restructuring charges, started trending
toward previously established positive rating triggers.  The review
for upgrade will focus on Cooper-Standard's ability to demonstrate
continued improvement in operating performance to support higher
ratings and assess the company's capacity to implement balanced
shareholder returns following the recently announced $125 million
share repurchase program.  The review for upgrade is also supported
Cooper-Standard's improved liquidity profile which should support
operating flexibility over the intermediate-term.

Cooper-Standard's SGL-2 speculative grade liquidity rating
incorporates Moody's expectation for a good liquidity profile over
the next 12-15 months supported by existing cash balances,
availability under the $180 million asset based revolving credit
facility, and expected free cash flow generation.  At Dec. 31,
2015, the company had approximately $378 million of cash on hand.
The revolving credit facility, which matures in 2018, was undrawn
with availability of about $137 million after $43 million of issued
letters of credit.  Moody's expects Cooper-Standard to continue to
generate strong levels of positive free cash flow over the next
12-15 months in the mid-teens as a percentage of debt.  As of
December 31, 2015, the company sold about $67 million of account
receivables under various transfer agreements on a non-recourse and
recourse basis.  The risk of these outlets being available over the
long-term weighs on the company's liquidity profile.  The primary
financial covenant under the asset based revolver is a springing
fixed charge covenant of 1.0 to 1 when availability falls below the
greater of $18 million or 10% of the facility commitment.  The
senior secured term loan does not have financial maintenance
covenants.

Future events that have the potential to drive a higher rating
include the demonstrated positive impact of restructuring actions
along with an ongoing stability in global automotive demand.
Consideration for a higher rating could result from Debt/EBITDA
approaching 3.5x, and EBITA/Interest coverage, inclusive of
restructuring, approaching 3.5x, while maintaining an adequate
liquidity profile.

Future events that have the potential to drive a lower rating
include weakness in global automotive demand that are not offset by
successful restructuring actions resulting in EBITA margins
approaching 4.0%, EBITA/Interest coverage approaching 2x, increased
borrowings or earnings declines leading to Debt/EBITDA leverage
approaching 5x.  Debt funded acquisitions or shareholder
distributions or a weakening liquidity position would also drive a
lower rating.

The principal methodology used in these ratings was Global
Automotive Supplier Industry published in May 2013.

Cooper-Standard, headquartered in Novi, Mich., is a leading global
supplier of systems and components for the automotive industry.
Products include sealing and trim, fuel and brake delivery, fluid
transfer, and anti-vibration systems.  Cooper-Standard employs more
than 29,000 people globally with 98 facilities in and operates in
20 countries around the world.  The company had net sales of $3.3
billion for the fiscal year 2015.


CRYSTAL CATHEDRAL: Awarded $70K Costs, Fees vs. Schuller, et al.
----------------------------------------------------------------
Plan Agent Karen Sue Naylor and Reorganized Debtor Crystal
Cathedral Ministries filed a Joint Motion for an Award of Costs and
Attorneys Fees in connection with the successful defense of the
Copyright Infringement Claims filed by Claimants Robert H.
Schuller, Robert Harold, Inc., Arvella Schuller, Carol Milner and
Timothy Milner.

In a Memorandum Decision and Order dated March 28, 2016, which is
available at http://is.gd/4hJJhTfrom Leagle.com, Judge Robert Kwan
of the United States Bankruptcy Court for the Central District of
California, Los Angeles Division, granted the Motion and awards
fees in favor of the Reorganized Debtor and Plan Agent, against
Robert H. Schuller, Robert Harold, Inc. and Arvella Schuller,
jointly and severally, in the amount of $62,865.40.

The court granted the Motion and awards fees in favor of the
Reorganized Debtor and Plan Agent, against Timothy Milner and Carol
S. Milner, jointly and severally, in the amount of $7,193.74.

The court's previous Rule 54 decision does not preclude the claims
raised by the Reorganized Debtor and Plan Agent in their Motion
pursuant to Section 505 of Title 17 of the United States Code
because the legal standards of Rule 54 and Section 505 are not the
same, and thus, a determination under one substantive standard does
not necessarily preclude a determination under another standard,
and some sort of collateral estoppel as apparently being argued by
Claimants would not be applicable.

The Reorganized Debtor and the Plan Agent shall be stayed from
enforcing the Fee Award against Robert H. Schuller, Robert Harold,
Inc. and Arvella Schuler, other than by means of offsetting
interest payments due such Claimants per the Plan.

The case is In re: CRYSTAL CATHEDRAL MINISTRIES, Chapter 11, a
California nonprofit corporation, Debtor and Debtor-in-Possession,
Case No. 2:12-bk-15665-RK (Bankr. C.D. Calif.).

Crystal Cathedral Ministries, a California non-profit corporation,
Debtor, is represented by Kavita Gupta, Esq. -- Gupta Ferrer, LLP,
Jeannie Kim, Esq. -- jkim@winthropcouchot.com -- Winthrop Couchot
PC, G. Emmett Raitt, Esq. -- The Raitt Law Firm, Nanette D.
Sanders, Esq. -- Ringstad & Sanders, Marc J. Winthrop, Esq. --
mwinthrop@winthropcouchot.com --  Winthrop Couchot PC

United States Trustee (SA), U.S. Trustee, represented by Frank
Cadigan.

United States Trustee (LA), U.S. Trustee, represented by Alvin
Mar.

Committee of Creditors Holding Unsecured Claims, Creditor
Committee, represented by Christopher Minier, Esq. -- Ringstad &
Sanders LLP,  Todd C. Ringstad, Esq. -- Ringstad & Sanders

                 About Crystal Cathedral

Crystal Cathedral filed for Chapter 11 bankruptcy protection
(Bankr. C.D. Cal. 10-24771) on Oct. 18, 2010.  The Debtor
disclosed $72,872,165 in assets and $48,460,826 in liabilities as
of the Chapter 11 filing.  Marc J. Winthrop, Esq., at Winthrop
Couchot P.C. represents the Debtor.

Todd C. Ringstad, Esq., at Ringstad & Sanders, LLP, represents
the Official Committee of Unsecured Creditors.

In November 2011, Crystal Cathedral won Court permission to sell
its property to the Roman Catholic Diocese of Orange for $57.5
million.  The Diocese beat a rival bid from Chapman University.
The sale agreement provides that the congregation will have three
years to find new premises.

Chapman University, the secular bidder, was the preferred buyer
as far as the church members are concerned, because Chapman would
allow the ministry to continue to use the main buildings on the
premises.  It also offered the option of allowing church
administrators to buy the property back at a later point.  
Chapman raised its bid to $59 million, but the Crystal Cathedral
board still chose the Diocese.


DALLAS PROTON: Court Orders Appointment of Ch. 11 Trustee
---------------------------------------------------------
Katy Stech, writing for Dow Jones' Daily Bankruptcy Review,
reported that an unbuilt cancer treatment center in Dallas will get
new management after oil pipeline billionaire Kelcy Warren, who
loaned $20 million to the project, complained that his money was
spent on two other centers.

According to the report, with her signature, Judge Stacey Jernigan
has granted Mr. Warren's request for an outside financial
professional called a chapter 11 trustee to take over the
struggling Dallas Proton Treatment Center.

As previously reported by The Troubled Company Reporter, citing
Dallas Business Journal, Kelcy Warren, the oil pipeline billionaire
who is backing the Proton Treatment Center project, to put a
Chapter 11 trustee in place at the unbuilt cancer facility in
Dallas.

According to court documents, Mr. Warren claims that the project's
developer, Advanced Particle Therapy LLC, improperly spent a $20
million loan from him for the proton Dallas center on other
centers
-- Baltimore and Atlanta -- and on management fees.  Mr. Warren's
lawyers says in court documents that Advanced Particle "used the
project as a 'piggy bank' to pay for other centers in Baltimore
and
Atlanta," which left no money to finish the Dallas building.

               About Dallas Proton Treatment Center

Dallas Proton Treatment Holdings, LLC, was formed in January 2010
and is registered as a limited liability company under the laws of
the State of Delaware.  Holdings' authorized purpose is to conduct
whatever business is necessary to design, finance, construct, and
manage a licensed, freestanding healthcare center (the "Project")
in the Dallas, Texas area that provides proton-radiation therapy
for patients with cancerous tumors.

Holdings' wholly owned subsidiary, Dallas Proton Treatment Center,
LLC ("Center") was formed in March 2012 for the specific purpose
of
developing, owning, and operating the Project. Center is the legal
owner of a tract of land and improvements at 2300 N. Stemmons Fwy,
Dallas, TX 75207 (the "Dallas Property").  Center purchased that
real estate on or around November 12, 2013, for approximately
$11,600,000.  Center has spent approximately $18,000,000 in
additional funds to develop and start construction of the Project.

Project is the last of a four-facility program to build four
proton-therapy centers across the United States. All four centers
were/are being developed and constructed under the management of
Advanced Particle Therapy, LLC ("APT").  As of the Petition Date,
APT owned approximately 95% of the Class B equity units, and 96.4%
of the Class A equity units, in Holdings.

Dallas Proton Treatment Center and Dallas Proton Treatment
Holdings
sought Chapter 11 protection (Bankr. N.D. Tex. Case Nos. 15-33783
and 15-33784, respectively) on Sept. 17, 2015.  The petitions were
signed by James Thomson as chief technology officer/manager.  

Gardere Wynne Sewell LLP serves as counsel to the Debtors.

                           *     *     *

The Court established Jan. 20, 2016, as the general deadline for
filing proofs of claim against the Debtors.

The Debtors filed a Joint Plan of Reorganization that would allow
them to emerge quickly from Chapter 11 and then raise funds to
complete their proton-therapy center in Dallas.  Holders of
general
unsecured claims against Holdings (A7) and Center (B7) will be
paid
from the proceeds of the First, Second, and/or Third Capital Cash,
at the election of each holder of a claim, in the following
amounts:

  * 60% of such Allowed Claim on or before Aug. 30, 2016.
  * 80% of such Allowed Claim on or before Sept. 30, 2016.
  * 100% of such Allowed Claim on or after Oct. 1, 2016.


DARIUS ENTERPRISES: Plan Exclusivity Extended to June 30
--------------------------------------------------------
Judge Martin R. Barash of the U.S. Bankruptcy Court for the Central
District of California ruled on the request of Darius Enterprises,
LLC, to extend its exclusive periods to file a Chapter 11 Plan of
Reorganization and Disclosure Statement, and to obtain acceptances
of that Plan.

Judge Barash held that:

    -- The Motion to extend the time to file a Chapter 11 Plan and
Disclosure Statement is extended from April 5, 2016 to June 30,
2016.

    -- The Motion to extend the Debtor's exclusive period to file
and obtain acceptances of Chapter 11 Plan is denied.

                     About Darius Enterprises

Darius Enterprises, LLC, is a limited liability company created by
Masih Madani to own two commercial condominiums located at 9621 and
9623 Canoga Avenue in Chatsworth, Calif.  

Darius Enterprises filed a chapter 7 petition (Bankr. C.D. Calif.
Case No. 15-12153) on June 10, 2016, and converted the case to a
chapter 11 proceeding in Sept. 2015.  This is Darius Enterprises'
second time in bankruptcy court.  The company previously sought
Chapter 11 protection (Bankr. C.D. Cal. Case No. 10-20351) on Aug.
20, 2010, estimating less than $1 million in assets and $1 million
to $10 million in debt.


DAVID A. MAYER: Asks Court to Extend Plan Exclusivity to July 26
----------------------------------------------------------------
David A. Mayer asks the U.S. Bankruptcy Court for the Eastern
District of New York to extend the periods within which the debtor
has the exclusive right to file and solicit acceptances of a
Chapter 11 Plan.

A hearing on the request is set for July 12, 2016, before Judge
Louis A. Scarcella.

By Order dated March 3, 2016, the Court granted the Debtor's motion
for a 90-day extension of the Exclusive Periods to April 25, 2016
and June 23, 2016.

The Debtor now seeks an additional 90-day extension of the
Exclusive Periods in which to file a chapter 11 plan and solicit
acceptance of such plan, from April 25, 2016 to and including July
26, 2016 and from June 23, 2016 to and including September 21,
2016, respectively, without prejudice to his right to seek further
extensions of the Exclusive Periods.

Mr. Mayer explains that since filing for bankruptcy, he and his
professionals have been addressing numerous issues of critical
importance to the Debtor's estate, including, negotiating a
resolution with Shirley Mayer, his largest creditor.  Although the
Debtor has made progress addressing the various issues, the Debtor
needs additional time to evaluate the results of his operations and
hopefully negotiate a consensual plan.

Mr. Mayer is a board certified surgeon and is a recently admitted
attorney specializing in medical malpractice matters.  His chapter
11 filing was precipitated by, among other things, financial
problems due to a decline in his regular income and the results of
his divorce settlement.  

The Debtor is in the process of attempting to increase his income.

David A. Mayer filed a Chapter 11 petition (Bankr. E.D.N.Y. Case
No. 15-73216) on July 29, 2015, and is represented by:

     Marc A. Pergament, Esq.
     WEINBERG GROSS & PERGAMENT LLP
     400 Garden City Plaza, Suite 403
     Garden City, NY 11530
     Tel: 516-877-2424


DELPHI CORP: Young's Suit vs. GM Dismissed With Prejudice
---------------------------------------------------------
In the case captioned EARLINE YOUNG, et al., Plaintiffs, v.
INTERNATIONAL UNION, UNITED AUTOMOBILE, AEROSPACE & AGRICULTURAL
IMPLEMENT WORKERS OF AMERICA (UAW), LOCAL 651, et al., Defendants,
Case No. 15-11151 (E.D. Mich.), Judge Nancy G. Edmunds of the
United States District Court for the Eastern District of Michigan,
Southern Division, granted defendant General Motors, LLC's motion
to dismiss pursuant to Fed. R. Civ. P. 12(c) and dismissed the
complaint against GM with prejudice.

A full-text copy of Judge Edmunds' April 7, 2016 opinion and order
is available at http://is.gd/YwxwgPfrom Leagle.com.

JaKeiya Anderson, Yvonne M Anderson, Shante Marshall, are
represented by:

          Stuart G. Friedman, Esq.
          3000 Town Center, Suite 1800
          Southfield, MI 48075
          Tel: (248)228-3322
          Fax: (248)327-4940

            -- and --

          Kenneth D. Myers, Esq.
          LAW OFFICES OF KENNETH D. MYERS
          75 Public Square # 1300
          Cleveland, OH 44113
          Tel: (216)241-3900

General Motors LLC is represented by:

          Kim F. Ebert, Esq.
          Matthew J. Kelley, Esq.
          Sharon R. Gross, Esq.
          OGLETREE, DEAKINS
          111 Monument Circle, Suite 4600
          Indianapolis, IN 46204
          Tel: (317)916-1300
          Email: kim.ebert@ogletreedeakins.com

                    About Delphi Corp.

Based in Troy, Michigan, Delphi Corporation --
http://www.delphi.com/-- is a global supplier of electronics and
technologies for automotive, commercial vehicle and other market
segments.  Delphi operates major technical centers, manufacturing
sites and customer support facilities in 30 countries.

The Company filed for Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 05-44481) on Oct. 8, 2005.  John Wm. Butler Jr., Esq.,
John K. Lyons, Esq., and Ron E. Meisler, Esq., at Skadden, Arps,
Slate, Meagher & Flom LLP, represented the Debtors in their
restructuring efforts.  Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., and Mark A. Broude, Esq., at Latham & Watkins LLP,
represented the Official Committee of Unsecured Creditors.  As of
June 30, 2008, the Debtors' balance sheet showed $9.16 billion in
assets and $23.7 billion in debt.

The Court confirmed Delphi's plan on Jan. 25, 2008.  The Plan was
not consummated after a group led by Appaloosa Management, L.P.,
backed out from their proposal to provide $2.55 billion in equity
financing to Delphi.  At the end of July 2009, Delphi obtained
confirmation of a revised plan, build upon a sale of the assets to
a entity formed by some of the lenders who provided $4 billion of
debtor-in-possession financing, and General Motors Company.

On Oct. 6, 2009, Delphi's Chapter 11 plan of reorganization became
effective.  A Master Disposition Agreement executed among Delphi
Corporation, Motors Liquidation Company, General Motors Company, GM
Components Holdings LLC, and DIP Holdco 3, LLC, divides Delphi's
business among three separate parties -- DPH Holdings LLC, GM
Components, and DIP Holdco 3.

Delphi emerged from Chapter 11 as DPH Holdings.  DPH Holdings is
responsible for the post-Effective Date administration and eventual
closing of the Chapter 11 cases as well as the disposition of
certain retained assets and payment of certain retained liabilities
as provided under the Modified Plan.

Delphi Automotive PLC is UK-based company formed in May 2011 as a
holding company for US-based automotive parts manufacturer Delphi
Automotive LLP.  Delphi Automotive LLP is the successor to the
former Delphi Corporation.  At the time of its formation, Delphi
Automotive PLC filed an initial public offering seeking to raise
at least $100 million.


DONLAR CORP: Partial Bid to Dismiss Galbraith's Suit Granted
------------------------------------------------------------
Plaintiff Galbraith Laboratories, Inc., filed this lawsuit against
Defendants Flexible Solutions International, Inc. and Nanochem
Solutions Inc., seeking payment of royalties on an expired patent.


The Defendants move for partial dismissal of Galbraith's claims
based on the Supreme Court's decisions in Kimble v. Marvel Entm't,
LLC, 135 S.Ct. 2401 (2015) and Brulotte v. Thys Co., 379 U.S. 29
(1964). They argue that Brulotte and Kimble require dismissal of
all elements of Counts I-V of the Complaint  to the extent that
they relate to royalties accruing after expiration of the 735
Patent, and seeks to completely dismiss Count VI which pertains
only to future royalties.

Galbraith argues that Brulotte and Kimble do not apply because the
royalty payments in the Technology Assignment Agreement (TAA) are
tied to non-patent rights. Galbraith relies on an exception to
Brulotte highlighted in Kimble: post-expiration royalties are
allowable so long as tied to a non-patent right -- even when
closely related to a patent. As part of this "non-patent right"
argument, Galbraith argues that the "royalty payments at issue are
compensation for cancelling Galbraith's half-interest share in the
joint venture company to be formed pursuant to the Joint
Development Agreement (JDA)."

In a Memorandum Opinion dated April 8, 2016, which is available at
http://is.gd/FzWvZmfrom Leagle.com, Senior District Judge Charles
R. Simpson, III of the United States District Court for the Western
District of Kentucky, Louisville, granted the Defendants' partial
motion to dismiss and Galbraith's motion for leave to file a
sur-reply.

The Court dismissed Counts I-V to the extent that those claims
relate to royalties accruing after expiration of the 735 Patent,
with prejudice. The Court dismissed Count VI, with prejudice.

The case is GALBRAITH LABORATORIES, INC., Plaintiff, v. NANOCHEM
SOLUTIONS INC., AND FLEXIBLE SOLUTIONS INTERNATIONAL, INC.,
Defendants, Civil Action No. 3:15-CV-00553-CRS (W.D. Ky.).

Galbraith Laboratories, Inc., Plaintiff, is represented by Andrew
S. Neely, Esq. -- aneely@luedeka.com -- Luedeka Neely Group, P.C.,
Douglas C. Ballantine, Esq. -- douglas.ballantine@skofirm.com --
Stoll Keenon Ogden PLLC, Matthew F. Kuhn, Esq. --
matthew.kuhn@skofirm.com -- Stoll Keenon Ogden PLLC & Wade R. Orr,
Esq. -- worr@luedeka.com -- Luedeka Neely Group, P.C..

Nanochem Solutions Inc., Defendant, is represented by Amy Brown
Berge, Esq. -- Bingham Greenebaum Doll LLP, Ben T. Lowry, Esq. --
blowry@middletonlaw.com -- Middleton Reutlinger & Elisabeth S.
Gray, Esq. -- egray@middletonlaw.com -- Middleton Reutlinger.

Flexible Solutions International, Inc., Defendant, is represented
by Amy Brown Berge, Bingham Greenebaum Doll LLP, Ben T. Lowry,
Middleton Reutlinger & Elisabeth S. Gray, Middleton Reutlinger.

                     About Donlar Corp.

Headquartered in Summit Argo, Illinois, Donlar Corporation
-- http://www.donlar.com/-- is a manufacturer of Biodegradable  
Specialty Chemicals that provides performance for various products
and processes for the creation of non-toxic products.  The Company
filed for chapter 11 protection on February 26, 2004 (Bankr. N.D.
Ill. Case No. 04-07455).  Scott R. Clar, Esq., at Dannen Crane
Heyman & Simon represents the Debtor in its restructuring efforts.
When the Company filed for protection from its creditors, it
listed $10,880,022 in total assets and $27,371,432 in total debts


EASTMAN KODAK: $9.7M Settlement Reached in ERISA Class Suit
-----------------------------------------------------------
Suevon Lee, writing for Bankruptcy Law360, reported that Eastman
Kodak Co. has reached a $9.7 million settlement with a proposed
class of employees -- participants of the Kodak Employee Stock
Ownership Plan and Eastman Kodak Savings and Investment Plan -- who
have sued the Company's former top executives for allowing
"imprudent" retirement investments in company stock even as Kodak
teetered toward bankruptcy.  The proposed settlement is subject to
approval by a New York federal court judge.

                       About Eastman Kodak

Rochester, New York-based Eastman Kodak Company and its U.S.
subsidiaries on Jan. 19, 2012, filed voluntarily Chapter 11
petitions (Bankr. S.D.N.Y. Lead Case No. 12-10202) in Manhattan.
Subsidiaries outside of the U.S. were not included in the filing
and are expected to continue to operate as usual.

Kodak, founded in 1880 by George Eastman, was once the world's
leading producer of film and cameras.  Kodak sought bankruptcy
protection amid near-term liquidity issues brought about by
steeper-than-expected declines in Kodak's historically profitable
traditional businesses, and cash flow from the licensing and sale
of intellectual property being delayed due to litigation tactics
employed by a small number of infringing technology companies
with strong balance sheets and an awareness of Kodak's liquidity
challenges.

In recent years, Kodak had been working to transform itself from
a business primarily based on film and consumer photography to a
smaller business with a digital growth strategy focused on the
commercialization of proprietary digital imaging and printing
technologies.  Kodak has 8,900 patent and trademark registrations
and applications in the United States, as well as 13,100 foreign
patents and trademark registrations or pending registration in
roughly 160 countries.

Attorneys at Sullivan & Cromwell LLP and Young Conaway Stargatt &
Taylor, LLP, serve as counsel to the Debtors.  FTI Consulting,
Inc., is the restructuring advisor.   Lazard Freres & Co. LLC, is
the investment banker.  Kurtzman Carson Consultants LLC is the
claims agent.

The Official Committee of Unsecured Creditors has tapped Milbank,
Tweed, Hadley & McCloy LLP, as its bankruptcy counsel.

Michael S. Stamer, Esq., David H. Botter, Esq., and Abid Qureshi,
Esq., at Akin Gump Strauss Hauer & Feld LLP, represent the
Unofficial Second Lien Noteholders Committee.

The Retirees Committee has hired Haskell Slaughter Young &
Rediker, LLC, and Arent Fox, LLC as Co-Counsel; Zolfo Cooper,
LLC, as Bankruptcy Consultants and Financial Advisors; and the
Segal Company, as Actuarial Advisors.

Robert J. Stark, Esq., Andrew Dash, Esq., and Neal A. D'Amato,
Esq., at Brown Rudnick LLP, represent Greywolf Capital Partners
II; Greywolf Capital Overseas Master Fund; Richard Katz, Kenneth
S. Grossman; and Paul Martin.

Kodak completed the $527 million sale of digital-imaging
technology on Feb. 1, 2013.  Kodak intends to reorganize by
focusing on the commercial printing business.

At the end of April 2013, Kodak filed a reorganization plan
offering 85 percent of the stock to holders of the remaining
$375 million in second-lien notes. The other 15 percent is for
unsecured creditors with $2.7 billion in claims and retirees who
have a $635 million claim from the loss of retirement benefits.

U.S. Bankruptcy Judge Allan Gropper confirmed the plan on August
20, 2013.  Kodak and its affiliated debtors officially emerged
from bankruptcy protection on Sept. 3, 2013.


ELBIT IMAGING: Incurs NIS 186 Million Net Loss in 2015
------------------------------------------------------
Elbit Imaging Ltd. filed with the Securities and Exchange
Commission its annual report on Form 20-F reporting a loss of NIS
186 million on NIS 1.47 million of revenues for the year ended Dec.
31, 2015, compared to profit of NIS 1 billion on NIS 461,000 of
revenues for the year ended Dec. 31, 2014.  As of Dec. 31, 2015,
Elbit Imaging had NIS 778.25 million in total assets, NIS 759
million in total liabilities and NIS 19.28 million in shareholders'
equity.  A full-text copy of the Form 20-F is available for free at
http://is.gd/8FoqCf

                      About Elbit Imaging

Tel-Aviv, Israel-based Elbit Imaging Ltd. (TASE, NASDAQ: EMITF)
holds investments in real estate and medical companies.  The
Company, through its subsidiaries, also develops shopping and
entertainment centers in Central Europe and invests in and manages
hotels.

Since February 2013, Elbit has intensively endeavored to come to
an arrangement with its creditors.  Elbit has said it has been
hanging by a thread for more than five months.  It has encountered
cash flow difficulties and this burdens its day to day activities,
and it certainly cannot make the necessary investments to improve
its assets.  In light of the arrangement proceedings, and
according to the demands of most of the bondholders, as well as an
agreement that was signed on March 19, 2013, between Elbit and the
Trustees of six out of eight series of bonds, Elbit is prohibited,
inter alia, from paying off its debts to the financial creditors
-- and as a result a petition to liquidate Elbit was filed, and
Bank Hapoalim has declared its debts immediately payable,
threatening to realize pledges that were given to the Bank on
material assets of the Company -- and Elbit undertook not to sell
material assets of the Company and not to perform any transaction
that is not during its ordinary course of business without giving
an advance notice to the trustees.

Accountant Rony Elroy has been appointed as expert for examining
the debt arrangement in the Company.

In July 2013, Elbit Imaging's controlling shareholders, Europe-
Israel MMS Ltd. and Mr. Mordechay Zisser, notified the Company
that the Tel Aviv District Court has appointed Adv. Giroa Erdinast
as a receiver with regards to the ordinary shares of the Company
held by Europe Israel securing Europe Israel's obligations under
its loan agreement with Bank Hapoalim B.M.  The judgment stated
that the Receiver is not authorized to sell the Company's shares
at this stage.  Following a request of Europe-Israel, the Court
also delayed any action to be taken with regards to the sale of
those shares for a period of 60 days.  Europe Israel and
Mr. Zisser have also notified the Company that they utterly reject
the Bank's claims and intend to appeal the Court's ruling.


ELBIT IMAGING: Notice Regarding Casa Radio Project in Romania
-------------------------------------------------------------
In furtherance to the announcement dated March 29, 2016, and as
previously disclosed in the Company's financial reports dated March
31, 2016, and Form 20F report dated April 21, 2016, regarding the
Casa Radio Project of Elbit Imaging Ltd.'s indirect subsidiary,
Plaza Centers N.V.'s, the Company wish to inform that at the
current stage, the Company, based on a legal advice received,
cannot determine the consequences of those issues described in the
Company's prior reports.  According to the Company, those
circumstances with respect to the Project might lead to future
claims, penalties, and sanctions and/or, in extreme circumstances,
termination of the Project and annulment of Plaza's rights in the
Project by the Authorities.

In addition, the Company said those issues might potentially
implicate the U.S. Foreign Corrupt Practices Act, including the
books and records provisions of the FCPA.  If violations of the
FCPA or other laws of the U.S. or of other jurisdiction laws
occurred, the Company, as well as its directors, officers and other
related parties, may be subject to fines, civil and criminal
penalties, equitable remedies, including profit disgorgement, and
injunctive relief.  Furthermore, dispositions for these types of
matters may result in modifications to the Company's business
practices and compliance programs.

Due to the preliminary stage of the case, the Company, based on
legal advice received, cannot estimate the potential consequences
that the Company could incur as a result of these issues, and
accordingly did not include a provision in the Company's financial
reports dated Dec. 31, 2015, with respect to these issues.

                      About Elbit Imaging

Tel-Aviv, Israel-based Elbit Imaging Ltd. (TASE, NASDAQ: EMITF)
holds investments in real estate and medical companies.  The
Company, through its subsidiaries, also develops shopping and
entertainment centers in Central Europe and invests in and manages
hotels.

Elbit Imaging reported a loss of NIS 186.15 million on NIS 1.47
million of revenues for the year ended Dec. 31, 2015, compared to
profit of NIS 1 billion on NIS 461,000 of revenues for the year
ended Dec. 31, 2014.  As of Dec. 31, 2015, Elbit Imaging had NIS
778.25 million in total assets, NIS 758.96 million in total
liabilities and NIS 19.28 million in shareholders' equity.

Since February 2013, Elbit has intensively endeavored to come to
an arrangement with its creditors.  Elbit has said it has been
hanging by a thread for more than five months.  It has encountered
cash flow difficulties and this burdens its day to day activities,
and it certainly cannot make the necessary investments to improve
its assets.  In light of the arrangement proceedings, and
according to the demands of most of the bondholders, as well as an
agreement that was signed on March 19, 2013, between Elbit and the
Trustees of six out of eight series of bonds, Elbit is prohibited,
inter alia, from paying off its debts to the financial creditors
-- and as a result a petition to liquidate Elbit was filed, and
Bank Hapoalim has declared its debts immediately payable,
threatening to realize pledges that were given to the Bank on
material assets of the Company -- and Elbit undertook not to sell
material assets of the Company and not to perform any transaction
that is not during its ordinary course of business without giving
an advance notice to the trustees.

Accountant Rony Elroy has been appointed as expert for examining
the debt arrangement in the Company.

In July 2013, Elbit Imaging's controlling shareholders, Europe-
Israel MMS Ltd. and Mr. Mordechay Zisser, notified the Company
that the Tel Aviv District Court has appointed Adv. Giroa Erdinast
as a receiver with regards to the ordinary shares of the Company
held by Europe Israel securing Europe Israel's obligations under
its loan agreement with Bank Hapoalim B.M.  The judgment stated
that the Receiver is not authorized to sell the Company's shares
at this stage.  Following a request of Europe-Israel, the Court
also delayed any action to be taken with regards to the sale of
those shares for a period of 60 days.  Europe Israel and
Mr. Zisser have also notified the Company that they utterly reject
the Bank's claims and intend to appeal the Court's ruling.


EMERALD FALLS: Hires Conner & Winters as Counsel
------------------------------------------------
Emerald Falls, LLC, seeks permission from the Bankruptcy Court to
employ Conner & Winters as its counsel to handle all matters
associated with its bankruptcy case.

It is anticipated that Timothy T. Trump will be primarily
responsible in representing the Debtor.  His hourly rate is $400.


Work performed by associates will be billed at $150 per hour and
higher.  Work performed by paralegals will be billed at $75 per
hour.  The Debtor has agreed to reimburse Conner & Winters for its
expenses.

As disclosed in Court documents, Conner & Winters is owed
approximately $18,000 in connection with a previous bankruptcy
case.  A non-debtor, Bernard Carballo, has agreed to pay the
balance of those fees by May 27, 2016.

The Debtor said that once the fees are paid, none of the attorneys
employed by Conner & Winters will hold or represent any interest
adverse to the estate, and each attorney will be "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

Conner & Winters was paid a total of $10,000 as retainer for
bankruptcy related work.  Of this amount, $1,717 was applied to pay
for the filing fee.  The balance will be held as a retainer to
secure the payment of the fees ultimately approved by the Court.

                        About Emerald Falls

Emerald Falls LLC operates as a community development company.  It
develops communities with amenities such as golf courses, country
club, swimming pools, Internet cafe, fitness facility, greenbelt
hike and bike trails, tennis courts, kids clubs, and fishing
ponds.

Emerald Falls filed a Chapter 11 bankruptcy petition (Bankr. E.D.
Okla. Case No. 16-80392) on April 23, 2016.  The petition was
signed by Lucia Carballo as manager.  The Debtor listed total
assets of $12.04 million and total debts of $21.68 million.
Conner & Winters represents the Debtor as counsel.


EMERALD OIL: Fights for Bankruptcy Financing
--------------------------------------------
Lillian Rizzo, writing for Dow Jones' Daily Bankruptcy Review,
reported that Emerald Oil Inc. is pushing for approval of its
bankruptcy loan, despite concerns from creditors who have said the
lenders are taking "full advantage of their position of power."

According to the report, the troubled oil and gas company said in
court papers filed on April 24 that it "cannot survive without
financing, and no party has seriously argued otherwise." Emerald
said the $130 million bankruptcy loan was the best and only option,
and the unsecured creditors are taking issue with "particular
cherry-picked provisions," the report related.

As previously reported by the Troubled Company Reporter, the
Debtors seek authority from the Bankruptcy Court 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.

The 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.

                         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.


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 95.38
cents-on-the-dollar during the week ended Friday, April 15, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.33 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 15.


EZ MAILING: Needs Until Aug. 10 to Assume or Reject Leases
----------------------------------------------------------
E Z Mailing Services Inc., et al., ask the Bankruptcy Court to
extend to August 10, 2016, the period to assume or reject the
Unexpired Leases.

According to the Debtors, the initial 120 day time frame does not
afford the Debtors, or their professionals, the necessary time to
fully evaluate the appropriate disposition of the Unexpired Leases,
such that, in the absence of the extension of the current deadline,
the Debtors could be forced to assume or reject the Unexpired
Leases prematurely that may later be burdensome harming the
lessors, forfeiting potential benefits to their estates associated
with the Unexpired Lease, incurring unnecessary rejection damages
claims or giving rise to potential administrative claims against
the Debtors' estates.

E Z Mailing Services Inc., et al., are represented by:

       Warren J. Martin Jr., Esq.
       Michael J. Naporano, Esq.
       Kelly D. Curtin,Esq.
       Rachel A. Parisi, Esq.
       PORZIO, BROMBERG & NEWMAN, P.C.
       100 Southgate Parkway
       P.O. Box 1997
       Morristown, New Jersey 07962
       Telephone: (973) 538-4006
       Facsimile: (973) 538-5146
       Email: wjmartin@pbnlaw.com
              mjnaporano@pbnlaw.com
              kdcurtin@pbnlaw.com
              raparisi@pbnlaw.com

            About E Z Mailing

E Z Mailing Services Inc. and United Business Freight Forwarders
are transportation logistics companies whose customers include
Macy's, Walmart, JC Penny and Forever 21.

After primary lender PNC Bank declared a default and demanded
immediate payment of $4.2 million, which resulted to a customer
freezing payment, E Z Mailing and UBFF filed Chapter 11 bankruptcy
petitions (Bankr. D.N.J. Case Nos. 16-10615 and 16-10616,
respectively) on Jan. 13, 2016.  Ajay Aggarwal, the president,
signed the petitions.  The Debtors each estimated assets and
liabilities in the range of $10 million to $50 million.  Judge
Stacey L. Meisel presides over the cases.

Porzio, Bromberg & Newman, PC, serves as counsel to the Debtors.

Bederson LLP's Edward Bond is serving as CRO and crisis manager of
the Debtors.


FEDERATION EMPLOYMENT: Wants Plan Exclusivity Extended to Sept. 19
------------------------------------------------------------------
Federation Employment and Guidance Service, Inc. d/b/a FEGS, asks
the U.S. Bankruptcy Court for the Southern District of New York to
extend the exclusivity periods in which only the Debtor may file a
Chapter 11 plan and solicit acceptances thereto to September 19,
2016, and November 18, 2016, respectively.

The Debtor tells the Court that it has prepared a draft plan of
liquidation which has been shared with the Unsecured Creditors'
Committee.  While significant progress has been made in the plan
process, the Debtor is not anticipating being able to conclude that
process before the expiration of the current Exclusivity Periods.

The Debtor relates that since entry of the third order extending
the Exclusivity Periods on March 15, 2016, the Debtor has been
actively working toward the complete wind-down of its remaining
operations while simultaneously engaging in a process to monetize
and otherwise dispose of its real estate portfolio.  As the Court
is aware, the disposition of the Debtor's real estate has not been
a simple process as the real estate holdings encompass multiple
types of real estate, many of which continue to house the Debtor's
former clients, and will ultimately require regulatory approvals,
which has added additional time and complexity to the process.
Notwithstanding these issues, the Debtor has been working closely
with its retained real estate brokers to market certain of the
properties, has filed a motion to approve the bid procedures for
the sale of one of its commercial real estate holdings, which the
Court approved, and is currently negotiating the sale terms for two
more commercial real estate holdings. At the same time, the Debtor
continues to work with the representatives for various agencies for
the State of New York in an attempt to monetize its sizeable
residential real estate portfolio while taking into account the
duel masters of maximizing value and the Debtor's not for profit
mission.

The Debtor also notes that it has begun analyzing and reconciling
the thousands of proofs of claim filed in this Chapter 11 Case,
albeit with a limited staff and resources to accomplish this task.
Accordingly, the Debtor submits that the extensions sought under
this motion are reasonable in light of the size and complexity of
this Chapter 11 case, the restrictions placed on the sale of assets
by a not-for-profit entities, and the various approvals necessary
to consummate any sale of a not-for-profit entity's assets.

The Debtor is represented by:

     Adam T. Berkowitz, Esq.
     Burton S. Weston, Esq.
     Phillip Khezri, Esq.
     GARFUNKEL WILD, P.C.
     111 Great Neck Road
     Great Neck, NY 11021
     Telephone: (516) 393-2200
     Facsimile: (516) 466-5964

                            About FEGS

Established in 1934 amidst the Great Depression, Federation
Employment & Guidance Service, Inc. ("FEGS") is a not-for-profit
provider of various health and social services to more than
120,000
individuals annually in the areas of behavioral health,
disabilities, housing, home care, employment/workforce, education,
youth and family services.  At its peak, FEGs' network of programs
operated over 350 locations throughout metropolitan New York and
Long Island and employed 2,217 highly skilled professionals.

FEGS sought Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case
No. 15-71074) in Central Islip, New York on March 18, 2015.

The Debtor disclosed $86,697,814 in assets and $45,572,524 in
liabilities as of the Chapter 11 filing.

The Debtor filed applications to hire Garfunkel, Wild, P.C., as
general bankruptcy counsel; Togut, Segal & Segal, LLP, as
co-counsel; JL Consulting LLC as Restructuring Advisor, as
restructuring advisor; Crowe Horwath, LLP as accountants; and Rust
Consulting/Omni Bankruptcy as claims and noticing agent.

The U.S. Trustee for Region 2 appointed three members to the
Official Committee of Unsecured Creditors.  The Committee tapped
Pachulski Stang Ziehl & Jones LLP as its counsel.


FLINTKOTE COMPANY: Court Grants Aviva Partial Summary Judgment
--------------------------------------------------------------
Before the Court are two motions filed by plaintiffs Flintkote
Company and The Flintkote Trust asking this Court: (1) to order
defendants Aviva PLC, Aviva International Insurance, Ltd., and The
Ocean Marine Insurance Company Limited to post a bond and (2) to
order Aviva to comply with its alleged contractual obligations to
pay the liquidated value of covered asbestos-related injury claims
to Flintkote.

Aviva filed its own motion regarding trust payments asking this
Court for partial summary judgment concerning choice of law and
Aviva's obligation to pay Flintkote. According to Aviva, its
obligation under the policies at issue is limited to paying
Flintkote for the amount Flintkote has actually paid, or does
actually pay, to the asbestos claimants. Aviva believes that
California law governs this dispute.

In an Order dated April 4, 2016, which is available at
http://is.gd/vSI0HVfrom Leagle.com, Judge Susan Illston of the
United States District Court for the Northern District of
California denied Flintkote's motion for a declaration of the
parties' rights regarding trust payments, granted Aviva's motion
for partial summary judgment, and granted Flintkote's motion for a
bond.

The case is FLINTKOTE COMPANY, et al., Plaintiffs, v. AVIVA PLC, et
al., Defendants, Case No. 15-cv-01638-SI(N.D. Calif.).

Flintkote Company, Plaintiff, represented by Marc S. Maister, Irell
& Manella LLP, Michael Collins Smith, McCarter & English, LLP,
Cathy Tran Moses, Irell and Manella LLP, Gita F. Rothschild, pro
hac vice, Louis A. Chiafullo, McCarter and English, pro hac vice &
Michael Richard Fehner, Irell & Manella LLP.

Flintkote Company, Plaintiff, is represented by Marc S. Maister,
Esq. -- mmaister@irell.com  -- Irell & Manella LLP, Michael Collins
Smith, Esq. -- msmith@mccarter.com --  McCarter & English, LLP,
Cathy Tran Moses, Esq. -- cmoses@irell.com  -- Irell and Manella
LLP, Gita F. Rothschild, Esq. -- grothschild@mccarter.com --
McCarter and English, Louis A. Chiafullo, Esq. --
lchiafullo@mccarter.com -
-  McCarter and English & Michael Richard Fehner, Esq. --
mfehner@irell.com  --  Irell & Manella LLP.

Aviva PLC, Defendant, represented by Andrew G. Wanger, Esq. --
andrew.wanger@clydeco.us  -- Clyde & Co US, LLP, Arthur J.
McColgan, II,  Esq. -- amccolgan@wwmlawyers.com  -- Walker, Wilcox,
Matousek LLP,  Fred L. Alvarez, Esq. -- falvarez@wwmlawyers.com --
Walker Wilcox Matousek LLP , Kevin Austin Lahm, Esq. --
klahm@wwmlawyers.com  -- Walker Wilcox Matousek LLP & Sarah Wells
Orrick, Esq. -- sarah.orrick@clydeco.us -- Clyde and Co. LLP.

The Ocean Marin Insurance Company, Defendant, represented by Andrew
G. Wanger, Clyde & Co US, LLP, Arthur J. McColgan, II, pro hac
vice, Fred L. Alvarez, pro hac vice, Kevin Austin Lahm, Walker
Wilcox Matousek LLP, pro hac vice & Sarah Wells Orrick, Clyde and
Co. LLP.

Aviva International Insurance Limited, Defendant, represented by
Andrew G. Wanger, Clyde & Co US, LLP, Arthur J. McColgan, II, pro
hac vice, Fred L. Alvarez, pro hac vice, Kevin Austin Lahm, Walker
Wilcox Matousek LLP, pro hac vice & Sarah Wells Orrick, Clyde and
Co. LLP.

                   About The Flintkote Company

Headquartered in San Francisco, California, The Flintkote Company
is engaged in the business of manufacturing, processing and
distributing building materials.  Flintkote Mines Limited is a
subsidiary of Flintkote Company and is engaged in the mining of
base-precious metals.  The Flintkote Company filed for Chapter 11
protection (Bankr. D. Del. Case No. 04-11300) on April 30, 2004.
Flintkote Mines Limited filed for Chapter 11 relief (Bankr. D.
Del.
Case No. 04-12440) on Aug. 25, 2004.  Kevin T. Lantry, Esq.,
Jeffrey E. Bjork, Esq., Dennis M. Twomey, Esq., Jeremy E.
Rosenthal, Esq., and Christina M. Craige, Esq., at Sidley Austin,
LLP, in Los Angeles; James E. O'Neill, Esq., and Laura Davis
Jones,
Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington, Del.,
represent the Debtors in their restructuring efforts.

Elihu Inselbuch, Esq., at Caplin & Drysdale, Chartered, in New
York, N.Y.; Peter Van N. Lockwood, Esq., Ronald E. Reinsel, Esq.,
at Caplin & Drysdale, Chartered, in Washington, D.C.; and Philip
E.
Milch, Esq., at Campbell & Levine, LLC, in Wilmington, Del.,
represent the Asbestos Claimants Committee as counsel.

James J. McMonagle, is the legal representative for future
claimants.  The FCR has retained Dr. Timothy Wyant as claims
evaluation consultant.  The FCR is represented by James L. Patton,
Jr., Esq., and Edwin J. Harron, Esq., at Young Conaway Stargatt &
Taylor, LLP; and Reginald W. Jackson, Esq., at Vorys, Sater,
Seymour & Pease LLP.

When Flintkote filed for protection from its creditors, it
estimated more than $100 million each in assets and debts.  When
Flintkote Mines Limited filed for protection from its creditors,
it
estimated assets of $1 million to $50 million, and debts of more
than $100 million.

The Debtors' Chapter 11 cases have been re-assigned to Judge Mary
F. Walrath in line with the retirement of former Bankruptcy Judge
Judith Fitzgerald.


FLORHAM PARK: Meeting to Form Creditors' Panel Set for May 2
------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on May 2, 2016, at 10:00 a.m. in the
bankruptcy case of Florham Park Surgery Center, LLC.

The meeting will be held at:

         United States Trustee's Office
         One Newark Center, 1085 Raymond Blvd.
         21st Floor, Room 2106
         Newark, NJ 07102

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.



FLOUR CITY BAGELS: Creditors' Panel Hires CRA as Financial Advisor
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Flour City Bagels,
LLC seeks authorization from the U.S. Bankruptcy Court for the
Western District of New York to retain Corporate Recovery
Associates, LLC ("CRA") as business and financial advisor for the
Committee.

The professional services CRA will render for the Committee
include, but are not limited to, an initial investigation of the
Debtor's assets, liabilities, finances, business operations and
cash position, with additional financial analysis to be provided at
the Committee's specific request including, without limitation,
analysis at the plan stage of the case.  Additionally, without
limitation, CRA will be responsible for monitoring and
participating on behalf of the Committee in the disposition of
estate assets.

CRA will be paid at these hourly rates:
    
       Richard J. Feferman             $650
       Alan Myers                      $235
       Non-Litigation                  $285
       Litigation Directors            $425–$800
       Associates                      $175-$500

CRA proposes to bill at normal hourly rates for its professional
staff involved in representing the Committee, subject to a fee cap
of $275 per hour on the blended rate on its final application for
payment of fees and costs.

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

Richard J. Feferman, senior managing director of CRA, 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.

CRA can be reached at:

       Richard J. Feferman
       CORPORATE RECOVERY ASSOCIATES, LLC
       3830 Valley Centre Drive, Suite 705-152
       San Diego, CA 92130
       Tel: (858) 792-7473
       Fax: (858) 430-2454

                    About Flour City Bagels

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

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

Judge Paul R. Warren is assigned the case.

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



FLOUR CITY BAGELS: Creditors' Panel Hires Kane Russell as Counsel
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Flour City Bagels,
LLC seeks authorization from the Hon. Paul R. Warren of the U.S.
Bankruptcy Court for the Western District of New York to retain
Kane Russell Coleman & Logan PC as counsel to the Committee.

The Committee requires Kane Russell to:

   (a) provide the Committee with legal advice concerning its
       duties, powers and rights in relation to the Debtor and the

       administration of the Debtor's bankruptcy case;

   (b) assist the Committee in the investigation of the acts,
       conduct, assets, and liabilities of the Debtor, and any
       other matters relevant to the case or to the formulation of

       a plan of reorganization;

   (c) aid the Committee with the assistance of the Debtor in the
       formulation of a plan of reorganization, or if appropriate,

       to formulate the Committee's own plan of reorganization;

   (d) take such action as is necessary to preserve and protect
       the rights of all unsecured creditors of the Debtor;

   (e) prepare on behalf of the Committee all necessary
       applications, pleadings, adversary proceedings, answers,
       reports, orders, responses, and other legal documents;

   (f) conduct appropriate discovery and investigation into the
       Debtor's operations, valuation of assets, lending
       relationships, management, and causes of action; and

   (g) perform all other legal services which may be necessary and

       in the best interests of the unsecured creditors of the
       Debtor's estate.

Kane Russell will be paid at these hourly rates:
    
       Jason B. Binford            $400
       John J. Kane                $345
       Directors                   $350–$600
       Associates                  $225–$395
       Paralegals                  $105–$215

By agreement between Kane Russell and the Committee, Kane Russell
will not bill this matter at a rate over $400 an hour without the
express consent of a voting majority of the Committee.

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

Jason B. Binford, director of Kane Russell, 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.

Kane Russell can be reached at:

       Jason B. Binford, Esq.
       KANE RUSSELL COLEMAN & LOGAN PC
       3700 Thanksgiving Tower
       1601 Elm Street
       Dallas, TX 75201
       Tel: (214) 777-4200
       Fax: (214) 777-4299

                    About Flour City Bagels

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

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

Judge Paul R. Warren is assigned the case.

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



FLOUR CITY BAGELS: Panel Hires Gordorn & Schaal as Local Counsel
----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Flour City Bagels,
LLC seeks authorization from the Hon. Paul R. Warren of the U.S.
Bankruptcy Court for the Western District of New York to retain
Gordorn & Schaal, LLP as local counsel to the Committee.

The Committee requires Gordon & Schaal to:

   (a) advise the Committee with respect to its rights and duties
       under Section 1103 of the Bankruptcy Code;

   (b) attend meetings and negotiate with representatives of the
       Debtor and other parties-in-interest and advise and consult

       on the conduct of this case;

   (c) assist 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 the Debtor's
       proposed plan of reorganization and any alternative
       transactions and restructuring for the Debtor;

   (d) assist the Committee in its analysis of any proposed
       liquidation of the Debtor;

   (e) assist the Committee in its investigation of the acts,
       conduct, assets, rights, liabilities and financial
       condition of Debtor and of the operation of the
       Debtor's business;

   (f) investigate, file and prosecute litigation on behalf of
       the Committee, including, without limitation, avoidance,
       preference, and director/officer actions;

   (g) assist and advise the Committee in connection with any
       proposed sale of the assets of the Debtor;

   (h) advise the Committee with respect to its communications
       with the general creditor body regarding significant
       matters in this case;

   (i) advise the Committee concerning any efforts by the Debtor
       or other parties to collect and to recover property for
       the benefit of the Debtor's estate;

   (j) represent the Committee at hearings and other proceedings;

   (k) assist the Committee in analyzing the claims of the
       Debtor's secured creditors and in negotiations with such
       secured creditors;

   (l) assist the Committee in preparing pleadings and
       applications as may be necessary in furtherance of the
       Committee's interests and objectives;

   (m) assist the Committee in analyzing the Debtor's prepetition
       and post-petition relationships with creditors, equity
       interest holders, and other parties in interest;

   (n) review and analyze applications, orders, statements of
       operations and schedules filed with the Court and advise
       the Committee with respect to the same; and

   (o) perform other legal services as may be required 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.

Gordon & Schaal will be paid at these hourly rates:
    
       Attorney               $325
       Paralegal              $150

Gordon & Schaal will also be reimbursed for reasonable
out-of-pocket expenses incurred.

The Committee 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.

Gordon & Schaal can be reached at:

       GORDON & SCHAAL, LLP
       1039 Monroe Avenue
       Rochester, NY 14620
       Tel: (585) 244-1070

                    About Flour City Bagels

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

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

Judge Paul R. Warren is assigned the case.

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



FLOUR CITY BAGELS: Sues Managers Over Drive-Thru Easement
---------------------------------------------------------
Flour City Bagels, LLC, files an adversary complaint asking the
Bankruptcy Court to enjoin F. Kenneth Greene, Michael Borelli, 683
PVR, LLC, and Coming Through the Rye LLC, from interfering with
Debtor's use of the drive-thru easement, recover fraudulent
transfers, and money damages for lost profits from August, 2015,
through the date that the drive-thru at the Bushnell Basin Premises
re-opens.

The Debtor tells the Court that as of 2013, its parent company,
HOT, LLC's 100% membership interests is collectively owned by F.
Kenneth Greene, Richard DeCarr, and Michael Borrelli, who in turn
have also managed and controlled the Debtor at that time.
Defendants Kenneth Green and Michael Borelli are also members and
at the same time officers of Defendant 683 PVR LLC.

According to the Debtor, it has entered into a lease with Bertram
A. Rapowitz, which provides that Bushnell Basin premises -- a 2200
square foot building with adjoining parking located at 707-709
Pittsford-Victor Road, Pittsford, New York -- is to be used as a
Bruegger's Fresh Bagel Bakery.  The Debtor adds that it has
installed a drive-thru window at the Bushnell Basin Premises in
reliance to an Easement Agreement subsequently entered between PVR
and Rapowitz.  The Easement Agreement grants Rapowitz, his tenants,
invitees, agents, contractors, customers and employees, successors
and assigns, a non-exclusive easement over and through a portion of
the PVR Property to accommodate a drive-thru at the Bushnell Basin
location.

The Debtor alleges that Mr. Greene and Mr. Borrelli caused the
Debtor to enter into a Drive-Thru Lease Agreement and to make
payments, amounting to $707,605, to PVR under such Agreement
notwithstanding that the Debtor already had the rights granted to
it under the Drive-Thru Lease Agreement by virtue of its Lease with
Rapowitz. Accordingly, the Debtor asserts that all the payments the
Debtor made to PVR pursuant to the Drive-Thru Lease Agreement were
unnecessary payments, and for which the Debtor did not receive any
fair consideration in exchange for the Transfers. Thus, the Debtor
is entitled to judgment avoiding the Transfers and the payments for
the Debtor was insolvent at the time of the Transfers.

Moreover, the Debtor narrates that pursuant to a certain Membership
Interest Pledge Agreement, Canal Mezzanine Partners II, LP (Canal),
one of the Debtor's secured lenders, exercised its contractual
rights to assume sole voting control of HOT and, as a result
terminated the Debtor's employment of Messrs. Greene and Borrelli,
and upon the change in control that occurred, the Debtor ceased
making payments to PVR, and PVR and/or Rye blocked the drive-thru
window at the Bushnell Basin Premises causing the Debtor's sales
have fallen approximately $10,000 to $15,000 as a result of
Debtor's inability to access the drive-thru at the Bushnell Basin
Premises, which drop in sales equals approximately $7,000 per
month.

The Defendants' interference is negatively affecting the Debtor's
business operations at the Bushnell Basin Premises, specifically
since the decrease in sales that the Debtor has suffered has caused
the Debtor to suffer lost profits in the amount of at least $7,000
per month beginning in August, 2015, the Debtor says.  Therefore,
the Defendants should be permanently enjoined from interfering with
the Bushnell Basin Premises and the Easement, the Debtor asserts.

Flour City Bagels, LLC, is represented by:

       Harry W. Greenfield, Esq.
       Jeffrey Toole, Esq.
       Heather E. Heberlein, Esq.
       BUCKLEY KING LPA
       1400 Fifth Third Center
       600 Superior Avenue, E.
       Cleveland, Ohio  44114
       Telephone:  (216) 363-1400
       Facsimile:  (216) 579-1020  
       Email: greenfield@buckleyking.com
              toole@buckleyking.com
              heberlein@buckleyking.com

       -- and --

       Stephen A. Donato, Esq.
       Camille W. Hill, Esq.
       BOND, SCHOENECK & KING, PLLC
       One Lincoln Center
       Syracuse, New York 13202
       Telephone: (315) 218-8000
       Facsimile: (315) 218-8100
       Email: sdonato@bsk.com
              chill@bsk.com

             About Flour City Bagels

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

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

Judge Paul R. Warren is assigned the case.

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


FLOUR CITY BAGELS: Taps Insero as Accounting Services Provider
--------------------------------------------------------------
Flour City Bagels, LLC seeks authorization from the U.S. Bankruptcy
Court for the Western District of New York to employ Insero & Co.
CPAs, LLP to provide outsource accounting services, nunc pro tunc
to the March 2, 2016 petition date.

Insero will render general accounting services to the Debtor
throughout the course of this chapter 11 case.

Certain of the accounting services that Insero will render to the
Debtor may be summarized as follows:

   (a) recording journal entries;

   (b) maintaining Quickbooks;

   (c) working on projects as assigned by Richard Szekelyi, the
       Debtor's Chief Restructuring Advisor;

   (d) recommending improvements to existing accounting
       procedures; and

   (e) training the Debtor's employees with respect to implemented

       accounting procedures.

The current hourly rate charged by Cathy Donahower, the Insero
professional who will provide the majority of the services to be
rendered to the Debtor, is $65.  Nancy Catarisano's hourly rate for
this engagement presently is $130.

Under the terms of the Engagement Letter and subject to the Court's
approval, the Debtor has agreed to pay Insero $1,600 per week.  As
set forth in the Engagement Letter, the hourly fees incurred by
Insero with respect to its services for the Debtor shall be
invoiced to the Debtor on a monthly basis, net of the weekly $1,600
payments.

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

Nancy Catarisano, managing partner of Insero, 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.

Insero can be reached at:

       Nancy Catarisano
       INSERO & CO. CPAS, LLP
       Crossroads Building
       2 State Street, Suite 300
       Rochester, NY 14614
       Tel: (585) 697-9661
       Fax: (585) 454-4024
       E-mail: nancy.catarisano@inserocpa.com

                     About Flour City Bagels

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

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

Judge Paul R. Warren is assigned the case.

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


FOREVERGREEN WORLDWIDE: Amends 2015 Annual Report
-------------------------------------------------
ForeverGreen Worldwide Corporation filed an amendment to its annual
report on Form 10-K due to omissions in the audit report included
with the Form 10-K for the year ended Dec. 31, 2015.  The Company
said the prior audit report lost information when converted from
Word to HTML.  

The following is a complete copy of the audit report:

"To the Board of Directors and Stockholders of
ForeverGreen Worldwide Corporation

We have audited the accompanying consolidated balance sheets of
ForeverGreen Worldwide Corporation as of December 31, 2015 and
2014, and the related consolidated statements of operations and
comprehensive income, stockholders' deficit, and cash flows for
each of the years in the two year period ended December 31, 2015.
ForeverGreen Worldwide Corporation's management is responsible for
these consolidated financial statements.  Our responsibility is to
express an opinion on these consolidated financial statements based
on our audits.

We conducted our audits in accordance with the standards of the
Public Company Accounting Oversight Board (United States).  Those
standards require that we plan and perform the audit to obtain
reasonable assurance about whether the consolidated financial
statements are free of material misstatement.  The company is not
required to have, nor were we engaged to perform, an audit of its
internal control over financial reporting.  Our audit included
consideration of internal control over financial reporting as a
basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on
the effectiveness of the company's internal control over financial
reporting.  Accordingly, we express no such opinion. An audit also
includes examining, on a test basis, evidence supporting the
amounts and disclosures in the consolidated financial statements,
assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial
statement presentation.  We believe that our audits provide a
reasonable basis for our opinion.

In our opinion, the consolidated financial statements referred to
above present fairly, in all material respects, the financial
position of ForeverGreen Worldwide Corporation as of December 31,
2015 and 2014, and the results of its operations and its cash flows
for each of the years in the two year period ended December 31,
2015, in conformity with accounting principles generally accepted
in the United States of America.

The accompanying consolidated financial statements have been
prepared assuming that the Company will continue as a going
concern.  As discussed in Note 14 to the consolidated financial
statements, the Company has suffered net losses and has accumulated
a significant deficit.  These factors raise substantial doubt about
its ability to continue as a going concern. Management's plans in
regard to these matters are also described in Note 14.  The
consolidated financial statements do not include any adjustments
that might result from the outcome of this uncertainty."


/s/ Sadler, Gibb & Associates, LLC


Salt Lake City, UT
March 30, 2016

                   About ForeverGreen Worldwide

Orem, Utah-based ForeverGreen Worldwide Corporation is a holding
company that operates through its wholly owned subsidiary,
ForeverGreen International, LLC.  The Company's product philosophy
is to develop, manufacture and market the best of science and
nature through innovative formulations as it produces and
manufactures a wide array of whole foods, nutritional supplements,
personal care products and essential oils.

Forevergreen incurred a net loss of $2.62 million on $67.1 million
of net total revenues for the year ended Dec. 31, 2015, compared to
net income of $1.02 million on $58.3 million of net total revenues
for the year ended Dec. 31, 2014.  As of Dec. 31, 2015,
ForeverGreen had $7.78 million in total assets, $9.18 million in
total liabilities and a total stockholders' deficit of $1.40
million.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has suffered net losses and has accumulated a significant
deficit.  These factors raise substantial doubt about its ability
to continue as a going concern.


FORTESCUE METALS: Bank Debt Trades at 8% Off
--------------------------------------------
Participations in a syndicated loan under which Fortescue Metals
Group Ltd is a borrower traded in the secondary market at 92.13
cents-on-the-dollar during the week ended Friday, April 16, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 7.68 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 16.


FREESEAS INC: To Transfer Common Stock Trading to OTCQB
-------------------------------------------------------
FreeSeas Inc. announced that on April 21, 2016, the Company was
notified by The NASDAQ Stock Market LLC that its pending appeal
before the NASDAQ Listing Qualifications Hearing Panel had been
denied, and that trading in the Company's common stock will be
suspended on NASDAQ effective with the open of business on Monday
April 25, 2016.

The Company has been approved for trading on the OTCQB Venture
Market, operated by OTC Markets Group Inc., and expects its common
stock to begin trading on OTCQB effective April 25, 2016, under its
current trading symbol "FREE."  Beginning Monday, April 25, 2016,
investors will be able to view real-time best bid and ask quotes
for "FREE" at http://www.otcmarkets.comand through most online
broker websites.

This transition to the OTCQB market does not affect the Company's
business operations and implementation of a reverse stock split is
not required for the trading of the Company's common stock to
transition to OTCQB.  The Company will continue to file periodic
and certain other reports with the Securities and Exchange
Commission under applicable federal securities laws.

                    About FreeSeas Inc.

Headquartered in Athens, Greece, FreeSeas Inc., formerly known as
Adventure Holdings S.A., was incorporated in the Marshall Islands
on April 23, 2004, for the purpose of being the ultimate holding
company of ship-owning companies.  The management of FreeSeas'
vessels is performed by Free Bulkers S.A., a Marshall Islands
company that is controlled by Ion G. Varouxakis, the Company's
Chairman, President and CEO, and one of the Company's principal
shareholders.

The Company's fleet consists of six Handysize vessels and one
Handymax vessel that carry a variety of drybulk commodities,
including iron ore, grain and coal, which are referred to as
"major bulks," as well as bauxite, phosphate, fertilizers, steel
products, cement, sugar and rice, or "minor bulks."  As of
Oct. 12, 2012, the aggregate dwt of the Company's operational
fleet is approximately 197,200 dwt and the average age of its
fleet is 15 years.

Freeseas reported a net loss of $12.7 million in 2014, a net loss
of $48.7 million in 2013 and a net loss of $30.9 million in 2012.

As of June 30, 2015, the Company had $41.4 million in total assets,
$32.2 million in total liabilities and $9.22 million in total
shareholders' equity.

RBSM LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2014, citing that the Company has incurred recurring operating
losses and has a working capital deficiency.  In addition, the
Company has failed to meet scheduled payment obligations under its
loan facilities and has not complied with certain covenants
included in its loan agreements.  Furthermore, the vast majority of
the Company's assets are considered to be highly illiquid and if
the Company were forced to liquidate, the amount realized by the
Company could be substantially lower that the carrying value of
these assets.  Also, the Company has disclosed alternative methods
of testing the carrying value of its vessels for purposes of
testing for impairment during the year ended Dec. 31, 2014.
These conditions among others raise substantial doubt about the
Company's ability to continue as a going concern.


FROMELIUS INVESTMENT: Disclosure Statement Status Hearing Today
---------------------------------------------------------------
At the behest of L. Fromelius Investment Properties, LLC, Judge
Donald R. Cassling of the U.S. Bankruptcy Court for the Northern
District of Illinois extended the Debtor's exclusivity period for
the final time.  "There shall be no further extension of
exclusivity granted," the judge said.

Judge Cassling ruled that:

     -- Pursuant to 11 U.S.C. Sec. 1 121(c) and (d)(l), other
parties in interest may file a plan if and only if (a) a trustee
has been appointed under this chapter, (b) the debtor has not filed
a plan on or before November 24, 2015; or (c) the debtor has not
filed a plan that has been accepted, before June 8, 2016, by each
class ofclaims or interests that is impaired under the plan;

     -- The Debtor shall circulate an amended plan and disclosure
statement to the Ann Marie Barry Trust on or before March 31,
2016;

     -- The Anne Marie Barry Trust shall provide comments on the
amended plan and disclosure statement on or before April 5, 2016;

     -- The Debtor shall file its amended plan and disclosure
statement on or before April 7, 2016, regardless of whether the
Debtor and the Trust have come to an agreement on the plan or
disclosure statement; and

     -- The continued status hearing on the adequacy of the
disclosure statement is scheduled for April 26, 2016, at 10:30
a.m.

L. Fromelius Investement Properties, LLC filed a Chapter 11
petition (Bankr. N.D. Ill. Case No. 15-22943) on July 2, 2015, and
is represented by:

     William J. Factor, Esq.
     Ariane Holtschlag, Esq.
     Jeffrey K. Paulsen, Esq.
     FACTORLAW
     105 W. Madison Street, Suite 1500
     Chicago, IL 60602
     Tel: (847) 2397248
     Fax: (847) 574-8233
     E-mail: wfactor@wfactorlaw.com
             aholtschlag@wfactorlaw.com
             jpaulsen@wfactorlaw.com


GO YE VILLAGE: Court Extends Plan Exclusivity to June 28
--------------------------------------------------------
Judge Tom R. Cornish of the Eastern District of Oklahoma granted,
in toto, the motion of Go Ye Village, Inc., to extend the exclusive
period for filing a Chapter 11 Plan until June 28, 2016, and the
exclusive period for soliciting acceptances of a plan until August
27, 2016.

Under 11 U.S.C. Sec. 1121(b), absent an extension, the Debtor's
exclusive time for filing a Chapter 11 Plan of Reorganization was
slated to expire March 30, 2016, and the Debtor's exclusive time
for obtaining acceptance of a plan expires on May 29, 2016.  

The Debtor cites the causes to extend the Exclusivity Periods:

     A. Immediately after the Petition Date, the Debtor's Board of
Directors replaced existing management and retained a Chief
Restructuring Officer, Steve Thomas.  Subsequently, the CRO
retained Mr. Jerry Unruh to be the Interim Administrator.

     B. As of the Petition Date, the Debtor's accounting records
were largely manually kept, partially in disarray and incomplete.
The financial records were only partially electronically stored and
much of the information was relegated to paper files which were not
particularly well organized. The CRO and IA are overhauling the
accounting system to provide more accurate and useful financial
information which will be necessary in the formulation of a Plan.

     C. The CRO has formed an Unofficial Restructuring Committee
consisting of business leaders, financial experts and other
individuals with substantial expertise in financial matters at
large and with the operations and background of this Debtor in
particular. The Chairman of the Official Committee of Unsecured
Creditors is a member of the Unofficial Restructuring Committee.
The Restructuring Committee is working with the CRO to formulate a
financial plan for the Debtor, and additional time is required for
their work.

     D. The creditor holding the largest claim in the case is Bank
of Oklahoma, Trustee (BOK). The claim of BOK relates to a 1985 bond
financing. The bond debt has undergone substantial changes over the
years including a forbearance agreement, bond redemptions, waivers
of interest, and other transactions which BOK and the Debtor are
analyzing to determine the amount of the BOK claim. Resolution of
the BOK claim will take additional time and is necessary for
formulation of a Plan.

     E. After the Petition Date, Debtor's management shifted the
basis for operations of the Company from a life care system to a
pay for services model which will materially and favorably impact
the Debtor's financial resources.  These changes largely do not
affect existing residents but the future impact on the Debtor's
finances will be substantial.  The Debtor requires additional time
to analyze the likely effect of these changes.

     F. The Debtor is also reviewing all operational expenses and
revenues to make the operation more efficient. The effect of the
changes to-date as well as future changes is under analysis, and it
will take additional time to formulate a projection of the net
effects to incorporate into a Plan.

     G. The Debtor is current on all post-Petition bills and is
otherwise in compliance with all applicable bankruptcy
requirements.

Attorneys for the Debtor:

     David H. Herrold, Esq.
     Sam G. Bratton II, Esq.
     J. Patrick Mensching, Esq.
     DOERNER, SAUNDERS, DANIEL & ANDERSON, L.L.P.
     Two West Second Street, Ste. 700
     Tulsa, OK 74103-37117
     Tel: (918) 582-1211
     Fax: (918) 591-5360
     E-mail: sbratton@dsda.com
             dherrold@dsda.com
             pmensching@dsda.com

                      About Go Ye Village

Go Ye Village, Inc. filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Okla Case No. 15-81287) on Nov. 30, 2015.  The petition was
signed by Maurice D. Turney as president.  The Debtor disclosed
total assets of $24.48 million and total debts of $36.18 million.
Doerner, Saunders, Daniel & Anderson, LLP serves as the Debtor's
counsel.  Judge Tom R. Cornish is assigned to the case.

The U.S. Trustee for Region 20 on March 23 filed an amended notice
of appointment of Go Ye Village Inc.'s official committee of
unsecured creditors.  The U.S. Trustee also appointed a patient
care ombudsman in the Debtors' bankruptcy case.


GOODRICH PETROLEUM: Egan-Jones Withdraws Sr. Unsecured Ratings
--------------------------------------------------------------
Egan-Jones Ratings Company withdrew the 'D' local currency senior
unsecured debt rating and 'CCC' foreign currency senior unsecured
debt rating on Goodrich Petroleum Corp. on April 18, 2016.  EJR
also withdrew the C foreign currency commercial paper rating and D
local currency commercial paper rating on the Company.

Goodrich Petroleum Corporation is an independent exploration and
production company engaged in the exploitation, development and
production of crude oil and natural gas primarily in the Tuscaloosa
Marine Shale ("TMS") in Eastern Louisiana and Southwestern
Mississippi, the oil-window of the Eagle Ford Shale trend in South
Texas and the Haynesville Shale in Northeast Texas and Northwest
Louisiana.



GORFIEN & JACOBSOHN: Marc P. Barmat Approved as Ch. 11 Trustee
--------------------------------------------------------------
Judge Raymond B. Ray on April 20, 2016, approved the U.S. Trustee's
appointment of Marc P. Barmat as Chapter 11 trustee in the chapter
11 case of Gorfien & Jacobsohn, PA.  Judge Ray on April 20 had
granted a motion by Guy G. Gebhardt, the Acting United States
Trustee for Region 21, to appoint a Chapter 11 trustee.

                    About Gorfien & Jacobsohn

Lauderhill, Florida-based Gorfien & Jacobsohn, P.A., a for-profit
Florida corporation, was primarily engaged in the practice of
dentistry.

Gorfien & Jacobsohn sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla., Case No. 16-10238) on Jan. 7,
2016, estimating less than $50,000 in assets and $500,000 to $1
million in debt.

Hery Jacobsohn and Joseph Gorfien each owns 50% of the company.

The Debtor was represented by Susan D. Lasky, Esq., at Susan D.
Lasky, PA.


GREG JAMES: 9th Cir. Rules Meyer's Claims not Time-Barred
---------------------------------------------------------
Defendant-Appellant Diversified Realty Services, Inc., appeals the
district court's judgment in favor of Meyers Law Group, P.C., which
served as bankruptcy counsel for Greg James Ventures, a car
dealership that entered chapter 11 bankruptcy.  Diversified
provided financing to Greg James Ventures pursuant to a
debtor-in-possession loan agreement. On February 24, 2012, Meyers
filed an adversary proceeding in bankruptcy court alleging that
Diversified breached a subordination clause in the loan agreement.
According to Meyers, the subordination clause required Diversified
to set aside three repayments it received from Greg James Ventures
in January, February, and April 2008, for payment of Meyers's legal
fees.

The bankruptcy court held on partial summary judgment that
Diversified breached the subordination clause. After trial, it held
that the four-year statute of limitations barred Meyers's claim to
the January and February 2008 repayments. Meyers filed its
complaint more than four years after Diversified's receipt of these
repayments, which the bankruptcy court considered the date of the
breach. The parties cross-appealed to the district court, which
affirmed on the breach issue but found that the statute of
limitations was not a bar to recovery because it did not start to
run until April 30, 2008, the date when the bankruptcy court
approved Meyers's fees.

In a Memorandum dated April 4, 2016, which is available at
http://is.gd/zXmXaxfrom Leagle.com, the United States Court of
Appeals for the Ninth Circuit affirmed the district court's
judgment that the statute of limitations began running on April 30,
2008, when the bankruptcy court approved Meyers's fees. The
subordination clause requires that Diversified's lien be
subordinated to prior payment of such fees and expenses of
professionals retained by debtor Greg James Ventures "as are
allowed by the Court." Meyers brought its adversary proceeding in
February 2012, within four years of the breach. Meyers's recovery
of the January and February 2008 repayments is not time-barred.

The case is MEYERS LAW GROUP, P.C., a professional corporation,
Plaintiff-Appellee, v. DIVERSIFIED REALTY SERVICES, INC., a
California corporation, Defendant-Appellant, No. 14-15397 (9th
Cir.).

                  About Greg James Ventures LLC

Auto dealership Greg James Ventures LLC, dba San Rafael Chevrolet,

expects its reorganization plan to be approved by a bankruptcy
judge within the next few months, Nancy Isles Nation of the Marin
Independent-Journal (Calif.) reports.

Greg James Ventures LLC, and the co-owners of the dealership filed

for reorganization in the U.S. Bankruptcy Court for the Northern
District of California in Santa Rosa on Nov. 5.  It filed for
bankruptcy after Bank of America refused to provide it additional
capital.  It has now arranged alternate financing and has filed a
plan for reorganization, court records indicate, according to the
report.  A judge has approved its disclosure statement, according
to Merle Meyers, Esq. of Meyers Law Group, P.C., San Rafael
Chevrolet's attorney.  The next court hearing is July 18.

Owner Greg James denied the bankruptcy filing was due to
skyrocketing gas prices.

Based in San Rafael, Calif., Greg James Ventures LLC, dba San
Rafael Cadillac, dba San Rafael Chevrolet, dba San Rafael Saab,
dba San Rafael Hyundai, dba San Rafael Hummer, 2 Shoreline
Parkway, San Rafael, CA 94901, filed for bankruptcy on Nov. 5,
2007 (Bankr. Case No.: 07-11434, Northern District of California
(Santa Rosa)).  Judge Alan Jaroslovsky presides over the case.  
Merle C. Meyers, Esq. at Meyers Law Group, P.C. represents the
Debtor.  


GREGORY SCOTT MANSON: Sells Kings Property to Shaul for $2.4MM
--------------------------------------------------------------
Judge Ernest M. Robles on April 21, 2016, entered an order
authorizing debtor Gregory Scott Manson to sell his property
located at 1437 N. Kings Road, Los Angeles, California to Adam
Shaul for a purchase price of $2,400,000.

The Property is subject to the liens, encumbrances and other
interests of record, including, without limitation, (1) the liens
of Wilmington Trust, National Association, not in its individual
capacity, but solely as trustee for MFRA Trust 2015-1; Fay
Servicing LLC, as service ("Wilmington/Fay Servicing "), American
Express Centurion Ban ("AMEX"; collectively, the "Secured
Creditors"), in connection with the Debtor's secured financing; and
(2) certain liens for property taxes (the "Property Tax Liens").
The Debtor proposes to pay all amounts owing on account of the
Secured Creditors' liens and Property Tax Liens from the gross
proceeds of the sale of the Kings Property directly from escrow.

Gregory Scott Manson sought Chapter 11 protection (Bankr. C.D. Cal.
Case No. 16-10200) on Jan. 7, 2016.

Attorney for the Debtor:

         Michael Jay Berger
         LAW OFFICES OF MICHAEL JAY BERGER
         9454 Wilshire Blvd. 6th Floor
         Beverly Hills, CA 90212-2929
         Telephone: (310) 271-6223
         Facsimile: (310) 271-9805
         E-mail: michael.berger@bankruptcypower.com


H KREVIT: Structured Dismissal Mulled; Plan Exclusivity Extended
----------------------------------------------------------------
At the behest of H. Krevit and Company, Incorporated, et al.,
Bankruptcy Judge Julie A. Manning extended the exclusive period
during which the Debtors may file a chapter 11 plan to and
including September 19, 2016; and the period for soliciting
acceptances of the Plan until 60 days after the Extended Exclusive
Filing Period, up to and including November 18, 2016.

The extension, Judge Manning said, is without prejudice to the
Official Committee of Unsecured Creditors filing a motion seeking
to reduce or terminate the Exclusive Filing Period and Exclusive
Solicitation Period as extended by this order in the event the
Committee believes cause exists to seek such reduction or
termination.

On March 4, 2016, the Bankruptcy Court entered an order approving
the sale of the Debtor's assets to AJM Industries, LLC. The sale
was scheduled to take place on March 24, 2016.  The Debtors have
discussed in Court with the Committee a structured dismissal of
this case.  However, the Debtor cannot do so until after the
deadline to file proofs of claim has passed, and the Debtors have
had the opportunity to adjudicate those claims.

The claim bar date was slated to expire March 21, 2016.

The Debtor attests that it is not seeking an extension in order to
pressure creditors to submit to the Debtor's reorganization
demands.

The Debtor asserts that a six month extension until September 19,
2016, will give the Debtors adequate time to complete a structured
dismissal of this case.

                   About H. Krevit and Company

H. Krevit and Company, Incorporated is a manufacturer and
distributor of various inorganic chemicals, including sodium
hypochlorite (bleach), hydrochloric acid, and sodium hydroxide
(caustic soda). Krevit was established in 1919 and is the oldest
manufacturer of sodium hypochlorite in the United States.

GreenChlor, Inc. is the owner and operator of a chlor-alkali
manufacturing facility in New Haven, Connecticut and Krevit, which
owns 80% of GreenChlor, is its sole customer.  GCTR Realty, LLC
("GCTR") owns the real property located at 71-73 Welton Street,
New
Haven, Connecticut.  Trucking, LLC ("HKC Trucking") is the owner
of
a fleet of Volvo tractors which are used by Krevit in the
operation
of Krevit's business.

H. Krevit and Company and its three affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Conn. Case Nos. 15-31904 to
15-31907) on Nov. 19, 2015, with plans to effectuate a sale of the
assets as a going concern.

The petitions were signed by Thomas S. Ross as president.  Judge
Julie A. Manning has been assigned the cases.

AJM Industries LLC ("AJM") is the Debtors' primary secured
creditor.  As of the Petition Date, AJM held claims against the
Debtors in the aggregate amount of $19,838,168.  AJM's claims are
secured by liens on substantially all of the Debtors' assets
having
priority, with limited exceptions, ahead of all other claims,
liens, interests and encumbrances.

Rogin Nassau LLC serves as counsel to the Debtors.  The Debtors
tapped TrueNorth Capital Partners LLC to act as investment banker
in selling their assets.

The Office of the U.S. Trustee appointed five creditors to the
official committee of unsecured creditors.  Timothy S. Ponsler at
Olin Chlor Alkali Products Division; and Anthony Bellucci at
Hamilton Connections, are Co-Chairs of the Official Committee of
Unsecured Creditors.  Polsinelli PC serves as lead counsel to the
Committee, and Finn Dixon & Herling LLP serves as local counsel.  


HARBORVIEW TOWERS COUNCIL: Howard Bank Granted Adequate Protection
------------------------------------------------------------------
A federal judge overseeing the Chapter 11 case of the Council of
Unit Owners of the 100 Harborview Drive Condominiums granted a
motion filed by c for assurance of adequate protection.

U.S. Bankruptcy Judge James Schneider ruled that Howard Bank will
not be subject to liability on account of the use of cash
collateral by the condominium association from bank accounts that
were garnished by Penthouse 4C, LLC and James Ancel, Sr. prior to
the bankruptcy filing.

                About Harborview Towers Council

Council of Unit Owners of the 100 Harborview Drive Condominium is a
condominium association that maintains and operates The HarborView
Towers, a 30-story building with 249 luxury condominium units and a
health club, in Baltimore's Inner Harbor.

The Debtor filed a petition under Chapter 11 of the Bankruptcy Code
in the U.S. Bankruptcy Court for the District of Maryland (Bankr.
D. Md. Case No. 16-13049) on March 9, 2016.  Dr. Reuben Mezrich
signed the petition as president.

The Debtor sought creditor protection to stabilize its affairs and
formulate a plan to deal with all of its obligations as a result of
garnishments and other pending litigation.

Yumkas, Vidmar, Sweeney & Mulrenin, LLC represents the Debtor as
counsel.  Judge James F. Schneider is assigned to the case.

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


HELLAS TELECOM: Court Junks TPG Capital, et al.'s Bid to Dismiss
----------------------------------------------------------------
The Plaintiffs, Andrew Lawrence Hosking and Simon James Bonney in
their capacity as joint compulsory liquidators and duly authorized
foreign representatives of Hellas Telecommunications (Luxembourg)
II SCA, filed motion for leave to amend a first amended complaint
to: (1) join additional proposed defendants; (2) withdraw the
unjust enrichment claim against Apax NY; (3) remove TCW Asset
Management Company and TCW Group Inc. as Defendants; and (4) plead
new causes of action sounding in fraudulent transfer under UK and
Luxembourg law against several of the Original Defendants and the
Proposed Defendants. The First Amended Complaint also asserts an
unjust enrichment claim against the TPG Capital Defendants, the TPG
Advisors IV Defendants, and the T3 Advisors II Defendants under New
York or, in the alternative, UK or Luxembourg law. The Defendants
objected to the Motion.

Pending before the Court is the Motion of the TPG Defendants to
Dismiss the First Amended Complaint for Lack of Personal
Jurisdiction. The Motion is supported by the TPG Moving Defendants'
memorandum of law.

In a Memorandum Opinion and Order dated March 31, 2016, which is
available at http://is.gd/DCjRXafrom Leagle.com, Judge Martin
Glenn of the United States Bankruptcy Court for the Southern
District of New York denied the motion of the TPG defendants to
dismiss for lack of personal jurisdiction.

The bankruptcy case is In re: HELLAS TELECOMMUNICATIONS
(LUXEMBOURG) II SCA, Chapter 15, Debtor in a Foreign Proceeding,
Case No. 12-10631 (MG)(Bankr. S.D.N.Y.).

The adversary case is ANDREW LAWRENCE HOSKING and SIMON JAMES
BONNEY, in their capacity as joint compulsory liquidators and duly
authorized foreign representatives of HELLAS TELECOMMUNICATIONS
(LUXEMBOURG) II SCA, Plaintiffs, v. TPG CAPITAL MANAGEMENT, L.P.,
et al., Defendants, Adv. Proc. No. 14-01848 (MG).

Andrew Lawrence Hosking and Bruce Mackay, Plaintiff, is represented
by Marc D. Ashley, Esq. -- mashley@chadbourne.com -- Chadbourne &
Parke LLP, Jeremy A. Cohen, Esq. -- jcohen@whafh.com -- Wolf
Haldenstein Adler Freeman & Herz LLP, Eric B. Levine, Esq. --
elevine@whafh.com -- Wolf Haldenstein Adler Freeman & Herz, Alan
A.B. McDowell, Esq. -- amcdowell@ssrga.com -- Schwartz Sladkus
Reich et al. LLP, Andrew Rosenblatt, Esq. --
arosenblatt@chadbourne.com -- Chadbourne & Parke LLP, Howard Seife,
Esq. -- hseife@chadbourne.com -- Chadbourne & Parke LLP.

TPG CAPITAL MANAGEMENT, L.P., f/k/a TPG CAPITAL, L.P., and APAX
PARTNERS, L.P., on behalf of themselves, Defendant, is represented
by Michele Angell, Esq. -- mangell@kasowitz.com -- Kasowitz,
Benson, Torres & Friedman LLP, Andrew K. Glenn, Esq. --
aglenn@kasowitz.com -- Kasowitz, Benson, Torres & Friedman LLP,
Paul Michael O'Connor, III, Esq. -- moconnor@kasowitz.com --
Kasowitz, Benson, Torres & Friedman, LLP.

APAX PARTNERS, L.P., Defendant, is represented by Lisa M Coyle,
Esq. -- Lisa.Coyle@ropesgray.com -- Ropes & Gray LLP, Robert S
Fischler, Esq. -- robert.fischler@ropesgray.com -- Ropes & Gray
LLP, Evan P Lestelle, Esq. -- evan.lestelle@ropesgray.com -- Ropes
& Gray LLP.

TCW/CRESCENT MEZZANINE PARTNERS III NETHERLANDS, L.P. aka
TCW/Crescent Mezzanine Partners Netherlands III, L.P., Defendant,
is represented by Wayne S. Flick, Latham & Watkins LLP, Peter M.
Gilhuly, Latham & Watkins LLP, Amy C. Quartarolo, Latham & Watkins
LLP, Michael J. Reiss, Latham & Watkins LLP, Thomas C. Rickeman,
Latham & Watkins LLP.

DEUTSCHE BANK AG, Defendant, represented by Kevin J. Burke, Cahill
Gordon & Reindel, Charles Alan Gilman, Cahill Gordon & Reindel,
LLP, Peter J. Linken, Cahill Gordon & Reindel LLP, Frederick Watson
Vaughan, Cahill Gordon & Reindel LLP.

                About Hellas Telecommunications

In February 2007, Hellas Telecommunications was purchased from
TPG Capital LP and Apax Partners by the Italian telecommunications
giant Weather Group.  The Company later suffered liquidity
problems and commenced administration proceedings in the U.K. in
November 2009.  The administrators sold 100% of the shares of Wind
Hellas to the existing owners, the Weather Group.  An order
placing the Company into liquidation was entered on Dec. 1, 2011.

Andrew Lawrence Hosking and Carl Jackson, as Joint Liquidators
petitioned for the Chapter 15 protection for the Company (Bankr.
S.D.N.Y. Case No. 12-10631) on Feb. 16, 2012.  Mr. Jackson was
later succeeded by Simon James Bonney, and then recently by Bruce
Mackay.

Bankruptcy Judge Martin Glenn presides over the Chapter 15 case.

The Debtor estimated assets and debts of more than $100,000,000.
The Debtor did not file a list of creditors together with its
petition.

The Foreign Representatives commenced the lawsuit against various
entities, captioned as, Hosking v. TPG Capital Management, L.P.,
et al., No. 14-01848 (MG) (Bankr. S.D.N.Y. March 13, 2014).  TPG
is represented by Paul M. O'Connor, III, Esq., and Andrew K.
Glenn, Esq., at Kasowitz, Benson, Torres, & Friedman, LLP of New
York, NY.  APAX is represented by Robert S. Fischler, Esq., and
Stephen Moeller-Sally, Esq., at Ropes & Gray LLP of New York, NY.
TCW is presented by Wayne S. Flick, Esq., and Amy C. Quartarolo,
Esq., at Latham & Watkins LLP of Los Angeles, CA.  Nikesh Aurora
is represented by William F. Gray, Jr., Esq., and Alison D. Bauer,
Esq., at Torys LLP of New York, NY and Michael A. Sherman, Esq.,
at Stubbs Alderton & Markiles, LLP of Sherman Oaks, CA.

U.S. counsel to the Foreign Representatives as against all
Defendants except Deutsch Bank AG and Nikesh Arora are Howard
Seife, Esq., Thomas J. McCormack, Esq., Andrew Rosenblatt, Esq.,
and Marc D. Ashley, Esq., at CHADBOURNE & PARKE LLP.

U.S. counsel to the Foreign Representatives as against Deutsch
Bank AG and Nikesh Arora are Alexander H. Schmidt, Esq., Alan
McDowell, Esq., and Jeremy Cohen, Esq., at WOLF HALDENSTEIN ADLER
FREEMAN & HERZ LLP.


HEPAR BIOSCIENCE: Seeks Entry of Final Decree
---------------------------------------------
Hepar Bioscience, LLC, asks the U.S. Bankruptcy Court for the
District of South Dakota, to issue a final decree.

The Court entered a post-confirmation order on September 24, 2015.
Consummation of the Plan is complete and there are no holders of
claims or interests, which have not been surrendered or released in
accordance with the provisions of the Plan, Clair R. Gerry, Esq.,
at Gerry & Kulm Ask, Prof. LLC, in Sioux Falls, South Dakota.  The
Debtor states it does not waive any of its rights afforded by
Section 1127 of the Bankruptcy Code.

                    About Hepar BioScience

Jefferson, South Dakota-based Hepar BioScience LLC in the business
of receiving porcine (pork) by-products (concentrated peptone, a
functional pork protein and animal fat) and other meat by-products
that are primarily used in the porcine animal nutrition feed
industry (concentrated porcine peptone) and biodiesel or animal
feed business (animal fat).

The Company filed a Chapter 11 bankruptcy petition (Bankr. D. S.D.
Case No. 15-40057) on Feb. 20, 2015.  

Bankruptcy Judge Charles L. Nail, Jr., presides over the case.
Clair R. Gerry, Esq., at Gerry & Kulm Ask, Prof. LLC, represents
the Debtor in its restructuring effort.  The Debtor disclosed
$11,987,018 in assets and $22,243,151 in liabilities as of the
chapter 11 filing.

The U.S. Trustee for Region 12 appointed a five-member Official
Committee of Unsecured Creditors.  The Committee tapped James S.
Simko of Cadwell, Sanford, Deibert & Garry, LLP as its counsel,
and Duff & Phelps Securities, LLC as its valuation advisor.


HIREN PATEL: Selling Texarkana Property for $230,000 to Boldens
---------------------------------------------------------------
Debtors Hiren D. and Nila H. Patel seek approval from the
Bankruptcy Court to sell the real property located at 2803 Landon
Lane, Texarkana, Texas, for $230,000.

The buyers are Christopher Bolden and Lori Bolden, of 6803 Lost
Creek, Texarkana, Texas.  The buyers will acquire the Property for
$230,000.

The Debtors say it is in the best interest of the bankruptcy estate
and their creditors that this sale be approved in that there is
equity in the property, expenses are accruing, the real estate
market in Texarkana, Texas on properties of this nature is soft.
The only known secured creditors are the ad valorem taxing
authorities and M&T Bank.  Secured debt is estimated at $170,000.
Secured creditors will be paid at closing.

The net proceeds from the sale will be segregated in a DIP account
for ultimate distribution pursuant to a plan of reorganization.

Hiren D. Patel and Nila H. Patel sought Chapter 11 protection
(Bankr. E.D. Tex. Case No. 16-40592) on April 1, 2016, represented
by Bill F. Payne, Esq.

The Debtors' attorney:

         THE MOORE LAW FIRM, L.L.P.
         Bill F. Payne
         100 North Main Street
         Paris, TX 75460
         Telephone: 903-784-4393 or 972-628-4901
         Facsimile: 903-785-0312


HNO GREEN: Asserts Dismissal, Conversion Unwarranted
----------------------------------------------------
HNO Green Fuels, Inc., responded to the Bankruptcy Court's Order to
Show Cause why the Chapter 11 Case should not be dismissed or
converted to a case under Chapter 7 of the Bankruptcy Code by
arguing that the Debtor did not violate any securities laws or the
Bankruptcy Code in selling authorized but unissued securities after
the Debtor's bankruptcy filing.

The Debtor argues that there is no Bankruptcy Code provision or
case authority that prohibits a Chapter 11 Debtor from selling its
own authorized and unissued stock -- which does not constitute
"property of the estate" -- during the Chapter 11 case.  The Debtor
asserts that it has complied with the Securities Act in selling its
stock after the Petition Date upon filing two Form D filings with
the Securities and Exchange Commission (SEC) for offerings up to
$1.0 million each, within the maximum amount permitted under the
Rule 504(b)(1) exemption.

In response to the U.S. Trustee's statement, the Debtor says its
Chief Executive Officer and President only uses the HNO e-mail
account to communicate with shareholders and does not use any other
e-mail accounts to communicate with shareholders regarding
shareholder issues, and does not respond in writing to every
communication by every individual shareholder.  The Debtor adds
that the concern raised by the U.S. Trustee relating to the
Debtor's procedures for handling and maintaining funds received
from shareholders, maintaining that the Debtor has deposited all
funds received from shareholders in its debtor-in-possession
account since the Petition Date, and per the U.S. Trustee's
request, the Debtor will provide to the U.S. Trustee an accounting
of all funds received and evidence that such funds have been
deposited into the Debtor's debtor-in-possession account.

Dismissal or conversion of this case, on the basis of the claims
made by the Brundidge Parties concerning shareholder issues is
unwarranted and would be detrimental to the interests of the
Debtors' 1600 shareholders, the Debtor asserts.

HNO Green Fuels, Inc. is represented by:

       Gary E. Klausner, Esq.
       Eve H. Karasik, Esq.
       Lindsey L. Smith, Esq.
       LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
       10250 Constellation Boulevard, Suite 1700
       Los Angeles, California 90067
       Telephone: (310) 229-1234
       Facsimile: (310) 229-1244
       Email: gek@lnbyb.com
              ehk@lnbyb.com
              lls@lnbyb.com

             About HNO Green Fuels

Founded in 2010, HNO Green Fuels, Inc. --
http://www.hnogreenfuels.com/-- is a manufacturing, distribution
and research and development company specializing in reducing
particulate matter emission, improving combustion efficiency and
fuel economy and producing breathable oxygen.  The company owns
nine patents and has six pending. The patents are for the Hydrogen
Supplemental System for On-Demand Hydrogen Generation for Internal
Combustion Engines.

HNO Green Fuels sought Chapter 11 protection (Bankr. C.D. Cal. Case
No. 15-14946) in Riverside, California, on May 16, 2015. Judge Mark
D. Houle is the case judge.

The Debtor estimated $50 million to $100 million in assets and $1
million to $10 million in debt.  

The Debtor tapped Levene, Neale, Bender, Yoo & Brill L.L.P, as
counsel.


HOLLAND SERVICES: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Holland Services, LLC
        300 12th Street
        Erick, OK 73645

Case No.: 16-11539

Chapter 11 Petition Date: April 22, 2016

Court: United States Bankruptcy Court
       Western District of Oklahoma (Oklahoma City)

Judge: Hon. Janice D. Loyd

Debtor's Counsel: Clifton O. Gooding, Esq.
                  THE GOODING LAW FIRM, P.C.
                  650 City Place Building
                  204 N Robinson Avenue
                  Oklahoma City, OK 73102
                  Tel: (405) 948-1978
                  Fax: 405.948.0864
                  E-mail: cgooding@goodingfirm.com

Total Assets: $3.71 million

Total Liabilities: $1.90 million

The petition was signed by Steven Todd Holland, owner.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/okwb16-11539.pdf


HORSEHEAD HOLDING: Asks Judge to Extend Deadline to Remove Suits
----------------------------------------------------------------
Horsehead Holding Corp. has filed a motion seeking additional time
to remove lawsuits involving the company and its affiliates.

In its motion, the company asked Judge Christopher Sontchi of the
U.S. Bankruptcy Court in Delaware to move the deadline for filing
notices of removal of the lawsuits to August 30, 2016.

The motion is on Judge Sontchi's calendar for May 2.  Objections
are due by Apri1 25.

                About Horsehead Holding Corp.

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

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

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

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


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 97.29
cents-on-the-dollar during the week ended Friday, April 15, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.37 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 15.


INTERNATIONAL WIRE: S&P Affirms 'B' CCR, Outlook Remains Negative
-----------------------------------------------------------------
Standard & Poor's Ratings Services said that it has affirmed its
'B' corporate credit rating on Camden, N.Y.-based International
Wire Group Holdings Inc.  The outlook remains negative.  At the
same time, S&P revised the financial policy modifier to 'FS-6' from
'FS-5' and the comparable rating analysis modifier to positive from
neutral.

S&P also affirmed the 'B' issue-level rating on International Wire
Group Inc.'s $250 million senior secured notes due October 2017.
S&P's recovery rating on the notes remains '4', indicating its
expectation for average (30%-50%; at the lower end of the range)
recovery in the event of a payment default.

"Our revision of International Wire's financial risk profile and
financial policy modifier is consistent with our criteria that cap
our evaluation of financial sponsor-owned companies with less than
adequate liquidity at 'FS-6'," said Standard & Poor's credit
analyst Michael Maggi.  S&P revised the comparable ratings analysis
modifier because S&P expects weighted average adjusted debt to
EBITDA (at 4.75x) to be slightly below the 5x threshold typically
associated with a highly leveraged financial risk profile.  S&P
also expects IWG's weighted average supplemental ratios, such as
EBITDA interest coverage, to be stronger than the 2x minimum
threshold indicative of a highly leveraged financial risk
assessment.  S&P's financial risk assessment considers the
potential for future leveraging transactions because the company is
majority-owned by financial sponsor MAST Capital Management LLC.

The negative outlook reflects potential liquidity constraints if
the company does not refinance its $250 million senior secured
notes due October 2017 before they become current in the fourth
quarter of 2016.  To a lesser degree, S&P's outlook reflects the
downside risks to its base-case forecast of IWG's weighted average
adjusted debt to EBITDA remaining below 5x if weakness in metals
prices and mixed demand across its key end markets continue to
weigh negatively on the company's operating results over the next
12 months.

S&P could lower its ratings by one notch if IWG does not refinance
its senior secured notes before they become current in October
2016.  This would cause S&P to view liquidity as weak, capping the
corporate credit rating at 'B-'.  S&P could also lower its ratings
by one notch, even if the notes are refinanced, if S&P expected
weighted average adjusted debt to EBITDA to be sustained above 5x,
which could occur if U.S. economic growth slowed from the 2.3%-2.5%
range S&P expects over the next year.

S&P would likely revise its outlook back to stable if the company
successfully refinanced its senior secured notes, bolstering
liquidity.  However, it is less clear if an upgrade would occur
over the next 12 months (even if the refinancing is completed), and
S&P would look to see if energy end markets improved off deep
cyclical lows and if aerospace, automotive, and other key end
markets remained relatively healthy over this time frame.  This
would also likely be contingent upon management's and the financial
sponsor's commitment to maintaining or improving current financial
ratios.



IRON MOUNTAIN: Egan-Jones Cuts FC Sr. Unsecured Rating to BB-
-------------------------------------------------------------
Egan-Jones Ratings Company downgraded the foreign currency senior
unsecured rating on debt issued by Iron Mountain Inc. to BB- from
BB on April 15, 2016.

Iron Mountain Inc., founded in 1951, is an enterprise information
management services company, headquartered in Boston,
Massachusetts.



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 76.88
cents-on-the-dollar during the week ended Friday, April 15, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.34 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 15.


JARDEN CORP: Egan-Jones Withdraws BB+ LC Sr. Unsecured Debt Rating
------------------------------------------------------------------
Egan-Jones Ratings Company withdrew the BB+ local currency senior
unsecured debt rating and BB- foreign currency senior unsecured
debt rating on Jarden Corp.

Jarden Corporation is an American provider of consumer products
with over 120 brands sold globally. Jarden operates in three
primary business segments -- Outdoor Solutions, Branded Consumables
and Consumer Solutions.



JOSEFINA HERRERA: Foreclosure Action Remanded to State Court
------------------------------------------------------------
This cause is before the Court upon Plaintiff US Bank NA's Motion
to Remand to State Court and Award for Attorneys' Fees and Costs.
Plaintiff's predecessor-in-interest, Bank of America, N.A.,
originally filed the instant foreclosure action against Defendant
Josefina Herrera in the Eleventh Judicial Circuit Court of Florida,
for Broward County, Florida. More than four years later, Defendant
filed a Notice of Removal to District Court.

This controversy arises from Note and Mortgage executed by
Defendant on August 1, 2007, in the amount of $865,350.00. The
Mortgage was subsequently assigned to Plaintiff Bank of America,
N.A., as Legal Title Trustee for Truman 2013. The Plaintiff, as a
result, holds a security interest in the subject property located
at 18112 SW 41st St, Miramar, FL 33029.

In the Order dated March 25, 2016 which is available at
http://is.gd/ye9rg8from Leagle.com, Judge Beth Bloom of the United
States District Court for the Southern District of Florida remanded
this case to the Eleventh Judicial Circuit in and for Broward
County, Florida. Any pending motions are denied as moot and any
pending deadlines are terminated.

Defendant filed her Notice of Removal years after the Foreclosure
Action was commenced before the Circuit Court and years after she
was first notified of the action. Final disposition of the
Foreclosure Action was rendered almost one year ago, on July 21,
2015. The Circuit Court ordered on two separate occasions that no
further cancelations of the sale are permitted. Defendant is
clearly exhausting every potential option, including District Court
and Bankruptcy Court, in an attempt to delay the state court
proceedings. Moreover, the Notice of Removal to this Court is
severely untimely and is subject to remand on that basis alone.

Furthermore, Defendant has not presented a basis for this Court's
subject matter jurisdiction. Although invoking the FDCPA in a vague
allegation of "Deceptive Collection Activity," the Court is unable
to locate any answer, responsive pleading, or counter-claim from
the Foreclosure Action by Defendant against Plaintiff asserting
claims for violation of that statute. Even if it could, Defendant's
hypothetical FDCPA claims would appear to attack the Circuit
Court's final judgment in an attempt to re-litigate the foreclosure
action in this forum. "The Rooker-Feldman doctrine makes clear that
federal district courts cannot review state court final judgments
because that task is reserved for state appellate courts or, as a
last resort, the United States Supreme Court."

The case is US BANK NA, as Legal Title Trustee for Truman 2013,
Plaintiff, v. JOSEFINA HERRERA, Defendants, Case No.
16-cv-60048-BLOOM/Valle.

US Bank NA as Legal Title Trustee for Truman 2013, Plaintiff, is
represented by Adam Alexander Diaz, Esq. -- SHD Legal Group, P.A..

Josefina Herrera, Defendant, Pro Se.


JTS LLC: Asserts Ch. 11 Case Should Not Be Dismissed
----------------------------------------------------
JMJ Properties Companies joins in U.S. Trustee's motion to convert
or dismiss JTS LLC's Chapter 11 case, saying the Debtor has
liquidated property of its estate without the approval of the
Bankruptcy Court.

JMJ tells the Court that this is not the first time the Debtor has
played fast and loose with the restrictions on debtors in
bankruptcy, for early in the case, the Debtor sold cash collateral
of Cooper Tire without authority.  The Debtor also has not asked
for authority to dispose of surplus property from its Soldotna
location -- the motion only references its closed Wasilla, Eagle
River and South Anchorage stores, which raises the question as to
what happened to the surplus property from this location, JMJ
said.

Moreover, JMJ said there is absolutely no indication the Debtor is
reasonably positioned to operate its historical business profitably
for instead of ending 2015 with robust cash after maintaining all
loan payments and replenishing inventory in November and December,
the Debtor has maintained a cash balance only by liquidating its
petition date inventory and deferring some loan payments and at one
point the Debtor filed a motion for expedited consideration of a
request that money it had paid out in error be returned
immediately.

According to JMJ, this leads to a conclusion that the Debtor's
management is not competent to operate its business profitably for
under its current management, among the Debtor's financial
problems, is the Debtor's staggering loss in sum amounting to
$5,165,074 over the most recent 4 years. Since a continuing loss to
or diminution of the value of a debtor's estate and the absence of
a reasonable likelihood of rehabilitation remaining in Chapter 11
is not an option, the Debtor’s case should be disposed of by
conversion or dismissal.  

          Debtor Opposes Dismissal or Conversion

Although the Debtor admits that it did not obtain court approval in
advance of the sales, it maintains that the sale of equipment was
for fair market value and the proceeds were accounted for -- all
proceeds were used either to reduce secured debt or to pay budgeted
operating expenses, creditors have not been harmed -- thus, the
sale does not amount to extreme mismanagement for the cash
collateral has not been misused, and even Northrim Bank has raised
no complaint about the result. In addition, the Debtor could not be
accused of gross mismanagement for the Debtor has not "failed to
file or confirm a plan within the time set by this title or by
order of this Court" as all filing deadlines have been met and all
continuances have been approved without creditor objection.

The Debtor argues that dismissal would free Northrim Bank to set
off all funds in the Debtor's accounts and liquidate the remaining
collateral under state law procedures, while conversion to Chapter
7 will burden the estate with the costs of a trustee and the
trustee's professionals, where the commission and professional fees
will be a dollar for dollar reduction in the recovery that
unsecured creditors receive from the estate.

JTS, LLC is represented by:

       David H. Bundy, Esq.
       DAVID H BUNDY, P.C.
       310 K Street, Suite 200
       Anchorage, AK 99501
       Telephone: (907) 248-8431

JMJ Properties Companies is represented by:

       Robert P. Crowther, Esq.
       LAW OFFICES OF ROBERT CROWTHER
       1113 W. Fireweed Lane, Suite 200
       Anchorage, Alaska  99503
       Telephone (907) 274-1980
       Facsimile (907) 274-2085

               About JTS

JTS, LLC, d/b/a Johnson's Tire Service, a privately held single
member LLC owned by Kelly Gaede, is one of the largest family owned
and operated independent tire dealer and auto repair companies in
Alaska.  The company provides three main services: (i) new tires
(ii) tire change over (iii) automotive repair. With corporate
headquarters in Anchorage, JTS, LLC currently operates three
locations across the Anchorage Metro area which services a combined
population of 400,000 in the communities of Anchorage, Eagle River
and Wasilla.  The Eagle River and Wasilla locations were scheduled
to close by Feb. 29, 2016.

JTS, LLC sought Chapter 11 protection (Bankr. D. Alaska Case No.
15-00167) in Anchorage, Alaska, on June 15, 2015.  JTS estimated
$10 million to $50 million in assets and debt.

The Debtor tapped David H. Bundy, Esq., at David H. Bundy, PC, in
Anchorage, as counsel.  The Debtor also engaged BDO, LLP as
accountants to prepare income tax returns; Newhouse & Vogler as
accountants to audit the Debtor's 2014 financial statement; and
Gary Petros, a real estate agent with Jack White Commercial to list
and sell the Debtor's property at 3300 Denali St, Anchorage.


KARINA LEE HOWE: Disbursing Agent Selling Residence for $585,000
----------------------------------------------------------------
Brent D. Meyer on April 21, 2016 filed a motion asking the U.S.
Bankruptcy Court for the Northern District of California for
approval to sell to Bridget Folan or the successful over-bidder
Karina Lee Howe estate's residential real property commonly known
as 1702 Southgate Drive, Petaluma, CA, a vacant single-family
residence, for $585,000.

Mr. Meyer serves as disbursing agent under the Order Confirming PNC
Mortgage, A Division of PNC Bank, N.A.'s Combined Plan of
Reorganization and Approved Disclosure Statement Dated May 4, 2015,
for Karina Lee Howe.  The Order was entered on Aug. 6, 2015.  The
Confirmation Order authorizes the disbursing agent to sell the Real
Property on notice to creditors and approval by the Bankruptcy
Court, and sale is also authorized by 11 U.S.C. Sec. 363 and
Bankruptcy Rule 6004(h).

The sale is a "short sale," i.e., the lenders are accepting less
money than they are owed under their respective deeds of trust.
Nationstar has also agreed to a "carve out" in favor of the
bankruptcy estate in an amount that will be determined after the
successful overbidder has been identified, from the monies it would
otherwise receive from the sale and from the monies held by the
disbursing agent from rents from the Real Property.  The sale will
be free and clear of: (1) the senior deed of trust in favor of
Citigroup Mortgage Loan Trust Inc., Mortgage Pass-Through
Certificates, Series 2007-6, U.S. Bank National Association, as
Trustee, and serviced by Nationstar Mortgage, LLC; and (2) the
junior deed of trust in favor of The Bank of New York Mellon f/k/a
The Bank of New York as successor Indenture trustee to JPMorgan
Chase Bank, National Association for CWHEQ Revolving Home Equity
Loan Trust, Series 2005-D and serviced by Specialized Loan
Servicing, LLC.

The disbursing agent will pay from the proceeds of sale all
outstanding real property taxes and city taxes as of the date of
the close of escrow.  The disbursing agent will also pay the
mortgage in favor of Nationstar in an agreed-upon amount,
approximately $545,000, and pay the mortgage in favor of SLS in an
agreed-upon amount of $10,000.  The disbursing agent will also pay
from the proceeds of sale a 5% commission based on the sales price
to the bankruptcy estate's broker, Mark Benson and Property
Management Systems, who, in turn will share the commission equally
with the Buyer's broker.

A hearing on the Motion is scheduled for May 19, 2016, at 10:00
a.m.

Karina Lee Howe is subject to a Chapter 11 case (Bankr. N.D. Cal.
Case No. 14-31259).


LAND'S END: Bank Debt Trades at 20% Off
---------------------------------------
Participations in a syndicated loan under which Land's End is a
borrower traded in the secondary market at 80.88
cents-on-the-dollar during the week ended Friday, April 15, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents a decrease of 0.61 percentage points from the
previous week.  Land's End pays 325 basis points above LIBOR to
borrow under the $0.56 billion facility. The bank loan matures on
March 19, 2021 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 15.


LAWRENCE D. FROMELIUS: Disclosure Statement Status Hearing Today
----------------------------------------------------------------
At the behest of debtor Lawrence D. Fromelius, Judge Donald R.
Cassling of the U.S. Bankruptcy Court for the Northern District of
Illinois granted a final extension of the Debtor's exclusivity
period.

Judge Cassling ruled that:

     -- Pursuant to 11 U.S.C. Sec. 1 121(c) and (d)(l), other
parties in interest may file a plan if and only if (a) a trustee
has been appointed under this chapter, (b) the debtor has not filed
a plan on or before November 24, 2015; or (c) the debtor has not
filed a plan that has been accepted, before June 8, 2016, by each
class ofclaims or interests that is impaired under the plan;

     -- The Debtor shall circulate an amended plan and disclosure
statement to the Ann Marie Barry Trust on or before March 31,
2016;

     -- The Anne Marie Barry Trust shall provide comments on the
amended plan and disclosure statement on or before April 5, 2016;

     -- The Debtor shall file its amended plan and disclosure
statement on or before April 7, 2016, regardless of whether the
Debtor and the Trust have come to an agreement on the plan or
disclosure statement; and

     -- The continued status hearing on the adequacy of the
disclosure statement is scheduled for April 26, 2016, at 10:30
a.m.

Lawrence D Fromelius filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 15-22373) on June 29, 2015, and is represented by:

     William J. Factor, Esq.
     Ariane Holtschlag, Esq.
     Jeffrey K. Paulsen, Esq.
     FACTORLAW
     105 W. Madison Street, Suite 1500
     Chicago, IL 60602
     Tel: (847) 2397248
     Fax: (847) 574-8233
     E-mail: wfactor@wfactorlaw.com
             aholtschlag@wfactorlaw.com
             jpaulsen@wfactorlaw.com


LAWRENCE SCHIFF: Wants Ch. 11 Trustee or Ch. 7 Liquidation
----------------------------------------------------------
Lawrence Schiff Silk Mills, Inc., formerly known as LSSM
Acquisition Co., on April 22, 2016, filed a motion asking the
Bankruptcy Court for an order, pursuant to 11 U.S.C. Sec. 1112(b),
appointing a Chapter 11 trustee or, alternatively, converting
LSSM's Chapter 11 case to a case under Chapter 7 of the Bankruptcy
Code.

The Debtor's management has decided to wind down and liquidate its
business.  The Debtor lacks sufficient liquidity to continue to
operate and has been unable to secure financing that would allow
management to continue to operate its business in Chapter 11.  At
the same time, the largest of the three Petitioning Creditors,
Pyramid Realty Group, LP, through its principal, Richard J. Schiff,
has requested that Debtor's management consent to the appointment
of a Chapter 11 Trustee.  Importantly, Mr. Schiff, who holds a
minority equity stake in Debtor, has expressed interest in
providing a limited postpetition loan to the Chapter 11 Trustee and
otherwise accommodating the Chapter 11 Trustee's fees, statutory
commission and administrative expenses, including the payment of
ongoing U.S. Trustee Fees through a carve out.  It should be
emphasized that Mr. Schiff has not committed to provide such
support; he has merely expressed interest in providing such
support.

The Debtor's pre-commencement assets appear to be substantially
encumbered.  Immediately prior to the Petition Date, Accord
Financial, Inc., stopped making advances under the $2.5 million
Revolving Note and Financing Agreement, a key source of the
Debtor's liquidity.  Aside from a limited release of its lien to
facilitate the funding of the Debtor's final payroll certain wage
equivalents and wind-down costs (consultant fees), Accord has been
unwilling to provide post-commencement financing or liquidity to
Debtor after the commencement of the involuntary.

Given its lack of liquidity, on or about April 8, 2016, the Debtor
terminated its employees and substantially ceased operating as a
going concern. Since that time, the Debtor's remaining operations
have been dedicated to ensuring that the Debtor's employees are
paid their outstanding wages and that Debtor's assets are
reasonably preserved for the benefit of stakeholders.

The Debtor has been engaged in a marketing process since 2015. To
date, Debtor's marketing process has identified several interested
parties, including on a post-commencement basis.  However, that
process has not yielded any binding commitments to purchase
Debtor's assets, nor has it yielded any commitments to fund a
Chapter 11 sale process.

In light of Pyramid/Mr. Schiff's request for the appointment of a
Chapter 11 Trustee, and in light of Mr. Schiff's expression of
interest in funding the Chapter 11 Trustee's administrative
expenses and costs, the Debtor sees no better alternative than to
request that a Chapter 11 Trustee be appointed in the Chapter 11
Case.  Alternatively, should the Court find that the appointment of
a Chapter 11 Trustee is not in the best interests of the estate,
the Debtor believes that its case should be converted to a case
under Chapter 7 of the Bankruptcy Code.

                           Sale Efforts

Prior to the Petition Date, the Debtor had been engaged in a
process to sell its business as a going concern.  Those marketing
efforts resulted in various expressions of interest from potential
buyers.  Prepetition, the Debtor entered into non-disclosure
agreements with four parties.  Three such parties performed some
due diligence into the Debtor's business and assets. Unfortunately,
no potential buyers entered into a binding agreement to purchase
Debtor or its assets.

Since the Petition Date, the Debtor has entertained potential
expressions of interest from several parties.  The Debtor has
received two requests from parties for post-petition non-disclosure
agreements to enable due diligence.  However, to date, no party has
made a formal offer to purchase the Debtor's business as a going
concern.

The Debtor's attorneys:

         BLANK ROME LLP
         Michael B. Schaedle
         Josef W. Mintz
         One Logan Square
         130 North 18th Street
         Philadelphia, Pennsylvania 19103-6998
         Telephone: (215) 569-5500
         Facsimile: (215) 569-5555
         E-mail: Schaedle@BlankRome.com
                 Mintz@BlankRome.com

                 About Lawrence Schiff Silk Mills

Founded in 1918 and headquartered in Quakertown, PA, Lawrence
Schiff Silk Mills, Inc.'s primary business was the manufacturing of
ribbons, bows, ties, straps, webbing and over 500 additional woven,
fabricated materials for more than 1,000 customers worldwide.  LSSM
served the global industrial, apparel, military, medical, packaging
and hospitality markets.

On April 5, 2016, Pyramid Realty Group, LP, Aero Energy and Grant
Industries, Inc. filed an involuntary petition under Chapter 11 of
Title 11 of the United States Code pursuant to Sec. 303 of the
Bankruptcy Code against Lawrence Schiff Silk Mills (Bankr. E.D. Pa.
Case No. 16-12396).  Pyramid is owned by Richard J. Schiff, who
holds a minority equity stake in Debtor, owns RJLS Enterprises,
Inc. and owns or owned the Debtor's predecessor entities.

On April 22, 2016, upon agreement between Debtor and the
Petitioning Creditors, the Court entered a Consent Order for Relief
in Involuntary Chapter 11 Case.  The Consent Order granted relief
to Debtor under Chapter 11 of the Bankruptcy Code as of the Relief
Date.

The Petitioning Creditors are represented by Jeffrey Kurtzman,
Esq., at Kurtzman Steady LLC.


LBJ HEALTHCARE: Case Summary & 5 Unsecured Creditors
----------------------------------------------------
Debtor: LBJ Healthcare Partners Inc.
           fdba Bayshore Villa Healthcare Partners, Inc.
           aw Brian Buenviaje
           aw Rosalinda Buenviaje
        13749 Crewe St.
        Whittier, CA 90605

Case No.: 16-15197

Nature of Business: Health Care

Chapter 11 Petition Date: April 21, 2016

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

Judge: Hon. Vincent P. Zurzolo

Debtor's Counsel: Robert M Aronson, Esq.
                  LAW OFFICE OF ROBERT M ARONSON
                  444 S Flower St Ste 1700
                  Los Angeles, CA 90071
                  Tel: 213-232-1116
                  Fax: 213-232-1195
                  E-mail: robert@aronsonlawgroup.com

Total Assets: $49,370

Total Liabilities: $1.27 million

The petition was signed by Brian Buenviaje, president and CEO.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb16-15197.pdf


LEIPZIG LIVING TRUST: Anarion Claims vs. Carrington, et al., Junked
-------------------------------------------------------------------
Carrington Mortgage Services, Brock & Scott, PLLC, and Christiana
Trust (other than the Leipzig Living Trust) have filed a Motion to
Dismiss claims asserted by Anarion Investments, LLC.

This case concerns a residential property located in Brentwood,
Tennessee. Briefly, on March 18, 2008, Bank of America, N.A.,
entered into a Deed of Trust with Kirk Leipzig for the Property, as
security for a $960,000 loan from BANA to Leipzig. On April 15,
2008, Leipzig quitclaimed the deed to the Leipzig Living Trust for
nominal consideration. Scott D. Johannessen alleges that, effective
June 1, 2010, he entered into a residential lease of the Property
from the LLT for a term of five years (through May 31, 2015). The
lease allegedly gave Johannessen the right to purchase the property
from the LLT in fee simple within that five-year term. Johannessen
allegedly exercised that option in January 2011, although he does
not allege that he recorded this transaction at the time.
Thereafter, the LLT defaulted on its mortgage payments.

Anarion alleges that, on January 14, 2013, Johannessen assigned all
of his interests in the Property  to Anarion, a Tennessee LLC.
Thereafter, several entities attempted to foreclose on the
Property, leading to this lawsuit.

In a Memorandum dated April 4, 2016, which is available at
http://is.gd/mf2NoHfrom Leagle.com, Judge Aleta A. Trauger of the
United States District Court for the Middle District of Tennessee,
Nashville Division, granted the defendants' Motion to Dismiss. The
court dismissed Anarion's FDCPA claims with prejudice for failure
to state a claim under Rule 12(b)(6) and the court declined to
exercise supplemental jurisdiction over the remaining state law
claims, which are dismissed without prejudice. Anarion's Motion for
Leave to File a Second Amended Complaint is denied.

The case is ANARION INVESTMENTS, LLC, Plaintiff, v. CARRINGTON
MORTGAGE SERVICES; BROCK & SCOTT, PLLC; CHRISTIANA TRUST; and
LEIPZIG LIVING TRUST, Defendants, Case No. 3:14-cv-00012 (M.D.
Ten.).

Anarion Investments LLC, Plaintiff, is represented by Scott D.
Johannessen, Esq. -- Law Offices of Scott D. Johannessen.

Carrington Mortgage Services, LLC, Defendant, is represented by
Nicholas H. Adler, Esq. -- Nick.Adler@brockandscott.com -- Brock &
Scott PLLC.

Brock & Scott, PLLC, Defendant, is represented by Nicholas H.
Adler, Brock & Scott PLLC.

Christiana Trust, Defendant, is represented by Nicholas H. Adler,
Brock & Scott PLLC.


MADISON HOTEL: Liquidating Trustee Seeks Entry of Final Decree
--------------------------------------------------------------
Grant Lyon, in his capacity as the Liquidating Trustee for Madison
Hotel, LLC, asks the U.S. Bankruptcy Court for the Southern
District of New York to issue a final decree closing the Debtor's
Chapter 11 case, following a third and final distribution of
approximately $29,023 to holders of Allowed General Unsecured
Claims.

According to the Liquidating Trustee, all property contemplated to
be transferred or distributed pursuant to the Plan has been
transferred or disbursed to all creditors entitled to those
distributions.  In addition, all motions, contested matters, and
adversary proceedings have also been finally resolved.

The Liquidating Trustee is represented by:

           Cathy Hershcopf, Esq.
           Seth Van Aalten, Esq.
           COOLEY LLP
           1114 Avenue of the Americas
           New York, NY 10036
           Tel: 212-479-6000
           Fax: 212-479-6275

                       About Madison Hotel

Madison Hotel LLC is the owner and operator of "The MAve Hotel", a
boutique hotel located at 62 Madison Avenue, New York. The hotel
is 12 floors and has 72 rooms. Madison Hotel Owners, LLC, owns
100% of the membership interests of Madison Hotel, LLC.  They
estimate the value of the hotel property at $32 million.

Prepetition, after a building loan with Textron Financial
Corporation went into arrears, a foreclosure action was commenced,
and a receiver appointed.   The receiver continued to operate the
hotel postpetition.

Madison Hotel, LLC, based in New York, filed for Chapter 11
bankruptcy (Bankr. S.D.N.Y. Case No. 11-12560) on May 27, 2011.
Judge Martin Glenn presides over the case.  Mark A. Frankel, Esq.,
at Backenroth Frankel & Krinsky, LLP, serves as bankruptcy
counsel.  In its schedules, the Debtor disclosed $33.6 million in
assets and $26.1 million in liabilities as of the Chapter 11
filing.

Madison Hotel Owners LLC filed its own chapter 11 petition,
separate from Madison Hotel LLC's case, on May 16, 2011.

To date, an unsecured creditors committee has not been appointed
in Madison Hotel LLC's case.

The Bankruptcy Court confirmed on May 8, 2013, the Second Modified
Third Amended Plan of Reorganization for Madison Hotel, LLC, dated
Nov. 9, 2012, submitted by lender 62 Madison Lender, LLC.  The
Effective Date of the Plan occurred on May 23, 2013.

The Plan contemplates the sale of the Debtor's Hotel Property with
the net proceeds realized upon the consummation of any such sale
being distributed in accordance with the terms of the Plan.


MALLINCKRODT GROUP: Bank Debt Trades at 4% Off
----------------------------------------------
Participations in a syndicated loan under which Mallinckrodt Group
Inc. is a borrower traded in the secondary market at 96.55
cents-on-the-dollar during the week ended Friday, April 15, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 0.30 percentage points from the
previous week.  Mallinckrodt Group pays 275 basis points above
LIBOR to borrow under the $1.3 billion facility. The bank loan
matures on Feb. 25, 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 15.


MARILYN SCHEER: Suspension Doesn't Make Debt Nondischargeable
-------------------------------------------------------------
Joan C. Rogers, writing for Bloomberg Brief, reported that a lawyer
can use bankruptcy to avoid refunding fees to a client as ordered
by an arbitrator even though the state bar suspended the lawyer
from practice for not paying the fee award, the U.S. Court of
Appeals for the Ninth Circuit decided April 14.

According to the report, disciplining a lawyer for not repaying the
client's funds doesn't make the debt a fine or penalty that would
prevent the lawyer from having it discharged in bankruptcy, the
court ruled.  The court said that on remand the district court must
also rule on a separate question: whether the bar's refusal to
reinstate the lawyer to practice until she pays the arbitration
award violates a federal statute that prohibits revocation of a
license to someone solely for not paying a dischargeable debt, the
report related.

The case, the report said, sheds light on an issue of interest to
lawyers who want to escape monetary liabilities related to their
law practice: when is a debt considered a fine or penalty that's
nondischargeable in bankruptcy under 11 U.S.C. Section 523(a)(7)?
Courts have different takes on this issue
because a 1986 U.S. Supreme Court decision muddied the water, the
report related, citing Judge John B. Owens.

Section 523(a)(7) excepts a debt from discharge to the extent it's
for "a fine, penalty, or forfeiture payable to and for the benefit
of a governmental unit, and is not compensation for actual
pecuniary loss," the report noted.

A full-text copy of the Opinion dated April 14, 2016, is available
at http://is.gd/ZofmUafrom Leagle.com.

The case is IN RE MARILYN S. SCHEER, Debtor, MARILYN S. SCHEER,
Appellant, v. THE STATE BAR OF CALIFORNIA; LUIS J. RODRIGUEZ,
individually and in his official capacity as President of the Board
of Trustees of the State Bar of California; JOSEPH DUNN,
individually and in his official capacity as Executive Director of
the State Bar of California; JOANN REMKE, in her official capacity
as Presiding Judge of the State Bar of California; KENNETH E.
BACON, individually and in his official capacity as Presiding
Arbitrator of the State Bar of California, Appellees, No. 14-56622
(9th Cir.).


MARVEL ENGINEERING: Plan Exclusivity Extended to July 1
-------------------------------------------------------
At the behest of Marvel Engineering Company, Judge Deborah L.
Thorne of the U.S. Bankruptcy Court for the Northern District of
Illinois extended the exclusive periods set forth in Sections
1121(b) and 1121(c) of the Bankruptcy Code to file and solicit
acceptances of a Chapter 11 plan and disclosure statement are
extended to and including July 1, 2016, and August 31, 2016,
respectively.  No objections were filed to the request.

Marvel Engineering Company filed a Chapter 11 petition (Bankr. N.D.
Ill. Case No. 15-41652) on Dec. 10, 2015, and is represented by:

     ARTHUR G. SIMON, ESQ.
     JEFFREY C. DAN, ESQ.
     BRIAN P. WELCH, ESQ.
     CRANE, HEYMAN, SIMON, WELCH & CLAR
     135 South LaSalle, Suite 3705
     Chicago, IL 60603
     Tel: (312) 641-6777


METROPOLITAN AUTOMOTIVE: Proposes May 27 Admin Claims Bar Date
--------------------------------------------------------------
Metropolitan Automotive Warehouse, Inc., and Star Auto Parts ask
the Bankruptcy Court to establish May 27, 2016, as deadline for
filing request for allowance and payment of administrative claims
against the Debtors.

Metropolitan Automotive Warehouse, Inc. and Star Auto Parts are
represented by:

       Garrick A. Hollander, Esq.
       WINTHROP COUCHOT PROFESSIONAL CORPORATION
       660 Newport Center Drive, Ste 400
       Newport Beach, CA 92660
       Telephone: (949) 720-4100
       Facsimile: (949) 720-4100
       Email: ghollander@winthropcouchot.com

            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.


MID-STATES SUPPLY: Committee Wants Final DIP Order Amended
----------------------------------------------------------
The Official Committee of Unsecured Creditors appointed in the
Chapter 11 case of Mid-States Supply Company, Inc., asks the
Bankruptcy Court to reopen the evidentiary record of the Debtor's
DIP Motion and amend the Final DIP Order to effect denial of the
relief requested in the DIP Motion.

The Committee told the Court that at the beginning of the case, the
Debtor requested a postpetition financing to operate its business
during the case and submitted a budget showing a zero starting cash
balance on the Petition Date, creating a need to borrow money from
its prepetition lender, Wells Fargo Bank, National Association, to
run its business during the first week of the bankruptcy case.

However, the Committee pointed out, the Debtor's Schedules filed
during the final hearing on the DIP Motion show a starting cash
balance on the Petition Date of $260,826, as well as the Monthly
Operating Report filed and the bank statements produced by the
Debtor a week after the Final DIP Order was entered shows a
starting cash balance on the Petition Date of $805,090.  Moreover,
the same bank statements show a cash balance on the first business
day after the Petition Date of $1,359,740, the Committee added.

The Committee averted that this new information contained in the
Schedules, MOR, and bank statements contradicts evidence presented
to the Court at the Final DIP Hearing, such that these new
documents contain new facts that are material to the decisions made
by the parties and the Court at the various debtor-in-possession
financing hearings, specifically whether the Debtor had/has the
ability to operate its business on cash collateral only (or limited
post-petition financing) and whether the aggressive sale time line
is necessary, considering that the Debtor had sufficient cash to
operate on cash collateral or less debtor-in-possession financing.

                        Debtor, Lender Opposes

The Debtor and Lender argue that the Committee, using the benefit
of hindsight, wants to reargue issues that were resolved by the
parties several weeks ago after the Debtor has provided ample
testimony and evidence that it needed postpetition financing to
effectively operate as a going concern, where the Committee was
able to obtain substantial concessions from Wells Fargo after the
Parties were able to reach an agreement with respect to the terms
of a Final DIP Order. Such that the Court entered the Final DIP
Order, after the Debtor circulated the proposed Final DIP Order to
other parties and submitted the Final DIP Order to the Court.

The Debtor further argues that the purported "new evidence"
consists primarily of a cash balance of $257,771 in the Primary
Operating Account -- which represents "operating float" and amounts
resulting from the Debtor's stop payment of prepetition checks --
and an amount of $521,151 in the Lockbox Account.

Wells Fargo complaind that the Committee fails to establish any
basis to reconsider the Final DIP Order, for Section 364(e) of the
Bankruptcy Code prohibits the requested reconsideration or
modification.  Section 364(e) states that a reversal of approved
DIP financing on appeal "does not affect the validity of any debt
so incurred, or any priority or lien so granted, to an entity that
extended such credit in good faith," Wells Fargo said.  

Furthermore, Wells Fargo argued that there is no harm to the estate
caused by the DIP financing that the Committee seeks to overturn
because even if the Final DIP Order is reconsidered and amended as
the Committee requests, the DIP Loan advanced by Wells Fargo, the
liens granted to Wells Fargo to secure the DIP Loan, and the
adequate protection provided to Wells Fargo will not be impacted by
the modifications. Wells Fargo further argues that even if the
Debtor had not needed DIP financing, the use of cash collateral
would have required either consent from Wells Fargo or adequate
protection of Wells Fargo's interests in that cash collateral.

The Committee countered that the funds received in the Lockbox
Account are simply proceeds of Wells Fargo's collateral, and until
Wells Fargo takes the next step of applying those funds against the
indebtedness these funds are property of the bankruptcy estate
available for use by Debtor subject to Section 363. Additionally,
the Committee disagrees with the Debtor's position that its primary
operating account is unavailable for use by the Debtor as an
"operating float and amounts resulting from the stop payment of
prepetition checks," because the key purpose of bankruptcy is the
automatic stay's proscription of payment of pre-petition claims --
which results in pre-petition checks being "stop paid" -- in order
to preserve cash for the bankruptcy estate.

Mid-States Supply Company, Inc., is represented by:

       Scott J. Goldstein, Esq.
       Lisa A. Epps, Esq.
       Eric L. Johnson, Esq.
       SPENCER FANE LLP
       1000 Walnut Street, Suite 1400
       Kansas City, MO 64106
       Office: 816-474-8100
       Facsimile: 816-474-3216
       Email: sgoldstein@spencerfane.com
              lepps@spencerfane.com
              ejohnson@spencerfane.com

The Official Committee of Unsecured Creditors is represented by;

       Marcus A. Helt, Esq.
       Michael S. Haynes, Esq.
       GARDERE WYNNE SEWELL LLP
       1601 Elm Street, Suite 3000
       Dallas, Texas 75201-4761
       Telephone: 214.999.3000
       Facsimile: 214.999.4667
       Email: mhelt@gardere.com
              mhaynes@gardere.com

Wells Fargo Bank, National Association is represented by:

       Mark V. Bossi, Esq.
       THOMPSON COBURN LLP
       One US Bank Plaza
       St. Louis, Missouri  63101
       Telephone: 314-552-6000
       Facsimile: 314-552-7000
       Email: mbossi@thompsoncoburn.com

             About Mid-States Supply

Founded and headquartered in Kansas City, Missouri, Mid-States
Supply Company, Inc., supplier of pipes, valves and fittings to
ethanol, pipeline and power industries in the United States, filed
a Chapter 11 bankruptcy petition (Bankr. W.D. Mo. Case No.
16-40271) on Feb. 7, 2016.  The petition was signed by Stuart Noyes
as chief restructuring officer.

The Debtor estimated both assets and liabilities in the range of
$50 million to $100 million. The Debtor has engaged Spencer Fane
LLP as counsel, Winter Harbor LLC as financial advisor, SSG
Advisors, LLC and Frontier Investment Banc Corporation as
investment bankers, Tarsus CFO Services, LLC as chief financial
officer services provider and Epiq Bankruptcy Solutions, LLC as
claims and noticing agent.

An official committee of unsecured creditors has been appointed in
the case and is represented by Marcus A. Helt, Esq., and Michael
S.Haynes, Esq., at Gardere Wynne Sewell LLP.


MILLENNIUM LAB: Banks Dispute Bid to Conduct Probe
--------------------------------------------------
Jeff Montgomery, writing for Bankruptcy Law360, reported that four
big banks -- JPMorgan Chase Bank NA, Citibank Global Markets Inc.,
SunTrust Banks Inc. and BMO Capital Markets Corp. -- have objected
to investigation demands from an appointed claims trustee for
bankrupt Millennium Lab Holdings II.  They argue that the trustee
made excessive and unsupportable calls for records involving $1.8
billion in Millennium borrowing before its Chapter 11 filing in
Delaware.

Millennium auditor KPMG LLP and Simpson Thacher & Bartlett LLP also
filed or joined in the banks' objections to the probe, the report
says.

                    About Millennium Lab

Millennium Lab Holdings II, LLC, Millennium Health, LLC and
Rxante, LLC, providers of laboratory-based diagnostic testing
focused on drugs of abuse and clinical medication monitoring,
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
15-12284, 15-12285 and 15-12286, respectively) on Nov. 10, 2015.
The Debtors estimated assets in the range of $100 million to $500
million and liabilities of more than $1 billion.

Judge Laurie Selber Silverstein has been assigned the cases.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP
as counsel; Young Conaway Stargatt & Taylor, LLP as conflicts
counsel; Lazard Freres & Co., LLC, as investment banker; Alvarez &
Marsal as financial advisor; and Prime Clerk LLC as claims and
noticing agent.


MISTER CAR WASH: S&P Raises CCR to 'B'; Outlook Stable
------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Tucson, Ariz.-based car wash operator Mister Car Wash
Holdings Inc. to 'B' from 'B-'.  The outlook is stable.

S&P also raised its issue-level ratings on the company's senior
secured credit facility to 'B' from 'B-'.  The senior secured
recovery rating remains unchanged at '3', indicating lenders could
expect meaningful recovery in the event of a payment default, at
the low end of the 50% to 70% range.  The company's capital
structure consists of a $210 million senior secured credit facility
and $87.5 million senior unsecured notes.  The senior secured
credit facility consists of a $30 million revolving credit facility
maturing in 2019 and a $180 million first-lien term loan maturing
in 2021.  S&P do not rate the senior unsecured notes.

"We based the upgrade on the improvement of credit metrics over our
expectations, such that leverage has meaningfully declined to the
low-6x area for 2016 from the 8x area in early 2015 as the company
continues to make internally funded acquisitions to increase its
scale," said credit analyst Adam Melvin.

S&P expects the company will continue to grow revenue and EBITDA
through positive same-store sales, unit expansion, and cost
management.  The company's credit metrics are improving, and S&P
expects Mister Car Wash to continue generating moderately positive
free cash flow despite funding most of the acquisitions with cash
flow, and maintain adequate liquidity as it continues to moderately
improve metrics with its accretive acquisitions.

S&P could consider a lower rating if operating performance
significantly deteriorates and credit measures weaken such that
debt to EBITDA increases to more than 7x, EBITDA interest coverage
approaches 2.0x, or if liquidity becomes constrained, including
EBITDA covenant cushion falling below 15%.  In addition, a
debt-funded dividend over the next 12 months leading to
meaningfully weaker credit metrics could also result in a lower
rating.

Though unlikely in the next year, S&P could consider a positive
rating action if the company exceeds S&P's expectations, such that
leverage declines below 5x and S&P believes the company will not
pursue a sizable debt funded a dividend over the long term.  This
could happen such that the company continues to demonstrate strong
operating momentum from cost savings, maintains its EBITDA margin,
and reduces debt beyond required amortization, while steadily
growing and broadening its scale of operations.



MONEYGRAM INT'L: S&P Alters Outlook to Neg. Over Fin. Flexibility
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its outlook on
MoneyGram International to negative from stable.  At the same time,
S&P affirmed its 'B+' issuer credit and senior secured debt
ratings.

"The outlook revision to negative reflects the limited headroom
that MoneyGram has against its secured leverage ratio covenant,"
said Standard & Poor's credit analyst Richard Zell.  "The current
covenant requires that MoneyGram's secured leverage ratio--debt to
EBITDA--not exceed 4.25x, measured quarterly, through 2016. On Jan.
1, 2017, the covenant steps down to 3.75x.  At fiscal year-end
2015, MoneyGram reported a secured leverage ratio of 3.8x." If
EBITDA, as measured by the 2013 credit agreement, were to decline
by approximately 10%, MoneyGram would be in violation of the
covenant, requiring a waiver from the lenders or an amendment to
the credit agreement.  Although fiscal 2015 represents a recent
cyclical low in EBITDA generation because of increased expenses and
flat revenues, S&P believes that the step-down of the covenant in
2017 will pose a challenge, even if MoneyGram is able to improve
operating performance.

Quantitatively, MoneyGram's liquidity is more than sufficient to
cover upcoming cash needs during the next 12 months.  However,
qualitatively, MoneyGram has limited cushion on its secured
leverage covenant.  As a result, S&P has an unfavorable view of
MoneyGram's liquidity position.

The negative outlook reflects the reduced financial flexibility
that could come with the violation of MoneyGram's quarterly senior
secured leverage covenant during the next 12 months.

S&P could lower the rating if it believes that MoneyGram is likely
to violate its leverage covenant during the next 12 months, as a
result of either a reduction in EBITDA or an inability to amend the
covenant requirements if a violation is imminent.

S&P could revise the outlook to stable over the next 12 months if
the company performs stronger than we currently expect, thus
lessening the risk of covenant violation.  Additionally, if
MoneyGram is able to amend the existing covenant package to provide
additional covenant headroom, S&P could revise the outlook to
stable.  However, MoneyGram's concentrated ownership and relatively
high agent concentration in its global funds transfer segment will
continue to limit the rating.



NABORS INDUSTRIES: S&P Lists Neg. Outlook on Weak Credit Metrics
----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its long-term 'BBB-'
corporate credit rating on Houston-based Nabors Industries Ltd. The
outlook is negative.

At the same time, S&P affirmed its 'A-3' short-term corporate
credit rating on Nabors and affirmed the 'A-3' short-term rating on
the company's commercial paper.  S&P also affirmed the 'BBB-'
issue-level rating on the company's senior unsecured debt.

"The outlook revision to negative reflects our expectation that
Nabors' core ratios will continue to weaken in 2016 following the
downward trajectory of the rig count and resulting decline in
revenues," said Standard & Poor's credit analyst Paul Harvey.

"As a result, we expect FFO/debt to be below our downgrade trigger
of 20% in 2016 before recovering in 2017, when we expect crude oil
and natural gas prices to improve, resulting in a modest uptick in
drilling levels.  We could lower ratings over the next 12 months if
we no longer believe FFO/debt will approach 20% in 2017.  Most
likely this would be in conjunction with continued weak crude oil
prices that keep the exploration and production (E&P) industry from
increasing drilling activity," S&P said.

The negative outlook reflects S&P's expectation that FFO/debt and
debt/EBITDA will significantly weaken in 2016, averaging about
15.5% and 4.8x, respectively, before recovering with S&P's
increasing WTI and Henry Hub price assumptions in 2017 and
thereafter.  Buffering this decline is S&P's expectation that
discretionary cash flow to debt will average above 5%, which
counters weaker core ratios over the next 12 months.

S&P could lower ratings if market conditions, largely driven by
crude oil and natural gas prices, fail to improve such that
FFO/debt does not approach 20% in 2017.  This would likely occur if
WTI crude oil prices do not recover to at least $45 per barrel next
year.

S&P could revise the outlook to stable if it expected the company
to sustain FFO/debt comfortably above 20%, most likely due to an
uptick in drilling activity following a sustained increase in crude
oil prices.  S&P expects that the onshore U.S. drilling market will
react quickly to improving crude oil and natural gas prices as E&P
companies use improving cash flows to begin to modestly increase
drilling levels.



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 93.69
cents-on-the-dollar during the week ended Friday, April 15, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.21 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 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 15.


NEOVIA LOGISTICS: S&P Cuts Rating to CCC+ on Deteriorating Metrics
------------------------------------------------------------------
Standard & Poor's Ratings Services said that it has downgraded
U.S.-based logistics provider Neovia Logistics L.P. and Neovia
Logistics Intermediate Holdings L.P. to 'CCC+' from 'B-'.  The
outlook is negative.

At the same time, S&P lowered its issue-level rating on the
company's subsidiaries' $465 million senior secured notes maturing
2020 to 'CCC+' from 'B-'.  The '4' recovery rating on the term loan
remains unchanged, indicating S&P's expectations for average
(30%-50%; lower half of the range) recovery in the event of a
default.

Additionally, S&P lowered its issue-level rating on the company's
subsidiaries' $125 million senior unsecured notes maturing 2018 to
'CCC-' from 'CCC'.  The '6' recovery rating on the notes remains
unchanged, indicating S&P's expectations for negligible (0%-10%)
recovery in the event of a default.

"The downgrade reflects the ongoing deterioration of Neovia's
operating earnings, which has weakened its credit metrics, stressed
its free cash flow
generation, and left the company with a capital structure that we
view as
unsustainable," said Standard & Poor's credit analyst Tatiana
Kleiman.

The negative outlook on Neovia reflects the ongoing deterioration
of its credit metrics due to the combination of its stressed
operating performance, underperforming contracts, and contract
terminations.  S&P now believes that further contract
losses--combined with several low margin start-up phase
contracts--will cause the company's revenue and earnings to
decline, further deteriorate its margins, and cause its free
operating cash flow to remain negative.  The combination of these
negative factors leads S&P to view the company's capital structure
as unsustainable and increases the likelihood that its liquidity
will deteriorate further, which would jeopardize Neovia's ability
to satisfy its 2018 PIK note maturity.

S&P could lower its ratings on Neovia if further contract losses
and declines in the company's profitability and operating
performance place continued pressure on its cash flow and liquidity
such that it is no longer able to maintain a sustainable capital
structure and satisfy the 2018 maturity of its PIK notes.

Although unlikely over the next year, S&P could revise its outlook
on Neovia to stable if the company is able to improve its liquidity
by refinancing its 2018 PIK notes, securing substantial new
contracts, and improving its operating costs and margin profile,
leading to a greater-than-expected improvement in its operating
results.



NORANDA ALUMINUM: Committee Allowed to Hire Spencer Fane
--------------------------------------------------------
A U.S. bankruptcy judge has given Noranda Aluminum Inc.'s official
committee of unsecured creditors the green light to hire Spencer
Fane LLP as its legal counsel.

Judge Barry Schermer of the U.S. Bankruptcy Court for the Eastern
District of Missouri allowed the committee to hire the firm to
assist its lead legal counsel Lowenstein Sandler LLP.

The bankruptcy judge approved the hiring of Lowenstein Sandler in a
separate court order, court filings show.

                     About Noranda Aluminum

Noranda Aluminum, Inc., and 10 of its affiliates filed separate
Chapter 11 bankruptcy petitions (Bankr. E.D. Mo. Proposed Lead Case
No. 16-10083) on Feb. 8, 2016.  The petitions were signed by Dale
W. Boyles, the chief financial officer.  Judge Barry S. Schermer is
assigned to the cases.

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

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

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


NORANDA ALUMINUM: Committee Gets Approval to Hire Lowenstein
------------------------------------------------------------
The official committee representing unsecured creditors of Noranda
Aluminum Inc. received court approval to hire Lowenstein Sandler
LLP.

The order, issued by Judge Barry Schermer of the U.S. Bankruptcy
Court for the Eastern District of Missouri, allowed the committee
to hire the firm as its lead legal counsel nunc pro tunc to Feb.
22, 2016.

                     About Noranda Aluminum

Noranda Aluminum, Inc., and 10 of its affiliates filed separate
Chapter 11 bankruptcy petitions (Bankr. E.D. Mo. Proposed Lead Case
No. 16-10083) on Feb. 8, 2016.  The petitions were signed by Dale
W. Boyles, the chief financial officer.  Judge Barry S. Schermer is
assigned to the cases.

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

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

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


NORANDA ALUMINUM: Committee Gets Green Light to Hire Houlihan
-------------------------------------------------------------
Noranda Aluminum Inc.'s official committee of unsecured creditors
received the green light from a U.S. bankruptcy judge to hire
Houlihan Lokey Capital Inc.

Houlihan Lokey will serve as financial advisor and investment
banker of the unsecured creditors' committee.

Judge Barry Schermer of the U.S. Bankruptcy Court for the Eastern
District of Missouri approved the employment.

                     About Noranda Aluminum

Noranda Aluminum, Inc., and 10 of its affiliates filed separate
Chapter 11 bankruptcy petitions (Bankr. E.D. Mo. Proposed Lead Case
No. 16-10083) on Feb. 8, 2016.  The petitions were signed by Dale
W. Boyles, the chief financial officer.  Judge Barry S. Schermer is
assigned to the cases.

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

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

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


NOVOLEX HOLDINGS: Moody's to Retain B2 Rating on Capital Structure
------------------------------------------------------------------
Moody's says change in Novolex Holdings, Inc.'s (B2 stable) capital
structure is leverage neutral and has no immediate impact on
instrument ratings.  Novolex announced it would upsize its
incremental first lien term loan by $180 million to $475 million
and increase its subordinated debt by $50 million to fully repay
its $230 million second-lien term loan due 2022.  The changes in
the capital structure are leverage neutral and have no immediate
impact on current ratings.  Instrument ratings are issued at the
company's direct subsidiary, Hilex Poly Co. LLC.


PACIFIC SUNWEAR: 341 Meeting of Creditors Set for May 3
-------------------------------------------------------
The meeting of creditors of Pacific Sunwear of California Inc. is
set to be held on May 3, 2016, at 12:00 p.m. (Eastern Time),
according to a filing with the U.S. Bankruptcy Court for the
District of Delaware.

The meeting will take place at J. Caleb Boggs Federal Building,
Room 2112, 2nd Floor, 844 King Street, 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 Pacific Sunwear

Founded in 1982 in Newport Beach, California as a surf shop,
Pacific Sunwear of California, Inc. operates in the teen and young
adult retail sector, selling men's and womens apparel, accessories,
and footwear. The Company went public in 1993 (NASDAQ: PSUN), and
peaked with 965 stores in 2006. At present, the Company has
approximately 593 retail locations nationwide under the names
"Pacific Sunwear" and "PacSun," which stores are principally in
mall locations. The Company has 2,000 full-time workers. Through
its ecommerce business, the Company operates an e-commerce site at
http://www.pacsun.com/  

On April 7, 2016, Pacific Sunwear of California, Inc., and two
affiliated debtors each filed a voluntary petition for relief under
Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court
for the District of Delaware.  The cases are jointly administered
under Case No. 16-10882 and are pending before the Honorable Laurie
Selber Silverstein.

The Debtors sought Chapter 11 protection with a Chapter 11 plan
that would convert debt into equity.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, and Klee,
Tuchin, Bogdanoff & Stern LLP as attorneys; FTI Consulting, Inc.,
as financial advisor; Guggenheim Securities, LLC, as investment
banker; and Prime Clerk LLC as claims and noticing agent.


PACIFIC WEBWORKS: Intellipay Sold to Convenient Payments for $140K
------------------------------------------------------------------
Judge William T. Thurman on April 21, 2016, entered an order
authorizing Pacific Webworks, Inc., to sell its wholly owned
subsidiary, Intellipay, Inc.

The Debtor conducted an auction on April 20, 2016, at 10:00 a.m.
The highest and best bid submitted at the Auction was by Convenient
Payments, LLC, in the amount of $140,000.  The second highest and
best bid submitted at the Auction was by Otterstrom Corp. in the
amount of $130,000.

No objections were filed to the Debtors' Motion.

Following a hearing on April 21, 2016, the Court entered an order
authorizing and directing the Debtor to consummate the sale
contemplated by the Asset Purchase Agreement dated April 20,
between the Debtor and Convenient Payments.

                      About Pacific WebWorks

Pacific WebWorks, Inc., previously known as Asphalt Associates, was
an application service provider and software development company.

Pacific WebWorks sought Chapter 11 protection (Bankr. D. Utah Case
No. 16-21223) on Feb. 23, 2016 to pursue an orderly liquidation of
its assets.

It estimated assets and debt of $1 million to $10 million.

The Debtor tapped George B. Hofmann of Cohne Kinghorne as counsel.
The Debtor also engaged Rocky Mountain Advisory as an independent
contractor to provide management services and appoint Gil Miller as
chief restructuring officer.


PARAGON OFFSHORE: Proposes Early Retirement Program
---------------------------------------------------
Paragon Offshore plc and its affiliated debtors ask the Bankruptcy
Court for the District of Delaware for authority to (i) implement
the Early Retirement Program and pay the Early Retirement Payments,
and (ii) pay severance to individuals whose employment with the
Debtors may be terminated in the future.

The Debtors remind the Court that they are operating in an
unpredictable economic environment.  In this challenging
environment, the Debtors state, they are continually considering
ways in which to reduce overall operating expenses while
maintaining a robust, loyal, and qualified workforce. To this end,
the Debtors reviewed the Prepetition Severance Policy and, in
consultation with their professionals and with reference to
comparable policies employed by peers in the industry, determined
that it would be in the best interests of the Debtors' respective
estates and their stakeholders to (i) implement a program whereby
Eligible Employees, may elect to retire early in exchange for a
payout and (ii) provide, at their discretion, severance payments to
employees who may be terminated in the future without cause. In
each case, such payments shall only be made upon the employee's
execution of a Release and shall be in addition to the Statutory
Severance and Benefits Payments.

A hearing on the request is set for May 11.  Objections are due May
4.

          (A) Early Retirement Program

The Debtors seek to implement the Early Retirement Program,
pursuant to which employees age 60 or above who have been employed
by the Debtors (or their former parent, Noble Corporation plc) for
at least 10 years may elect, on a voluntary basis, to retire early
in exchange for a payout, subject to the execution of a Release. In
total, there are an estimated 14 Eligible Employees, none of whom
are "insiders" as such term is defined under section 101(31) of the
Bankruptcy Code. The Early Retirement Program is intended to
incentivize the Eligible Employees, each of whom is nearing the age
of retirement, to retire prematurely and allow the Debtors to
promote younger and emerging talent from within the Company to fill
the newly created vacancies.

Under the Early Retirement Program, the Debtors, at their
discretion, will offer Eligible Employees, a payout in the amount
of three to six months' pay, in addition to the Statutory Severance
and Benefits Payments.  In determining the amount of Early
Retirement Payments to which an Eligible Employee should be
entitled, the Debtors will consider, among other things, the nature
of the employee's role within the Company -- i.e., the Early
Retirement Payments to those employees who serve in more senior
positions will be greater than the Early Retirement Payments to
employees who serve in more junior positions -- as well as the
amount of the Eligible Employee's Statutory Severance Payments.

The Debtors estimate that the total Early Retirement Payments that
would be paid to an Eligible Employee range from approximately
$7,900 to $110,000.  In the aggregate, assuming all Eligible
Employees elect to participate in the program, the Debtors estimate
that the Early Retirement Payments will equal $720,510.

         (B) Postpetition Severance Payments

The Debtors do not currently anticipate further reductions in force
while in chapter 11; however, the possibility of future reductions
in force cannot be eliminated entirely. Accordingly, the Debtors
are requesting authority to pay, at their discretion, severance
payments of up to six months' pay to any employee terminated in
connection with future reductions in force, in addition to any
required Statutory Severance and Benefits Payments, and subject to
the execution of a Release.  As is the case with the Early
Retirement Payments, the Postpetition Severance Payments awarded to
an employee terminated in connection with a future reduction in
force will be determined on a case-by-case basis and will depend on
the employee's position with the Company and the nature of the
respective employee's Statutory Severance Payments.

In the event that the Debtors do implement a future reduction in
force while in chapter 11, the Debtors do not anticipate the amount
of Postpetition Severance Payments to exceed $850,000 in the
aggregate for approximately 10 employees, none of whom are
"insiders" as such term is defined in section 101(31) of the
Bankruptcy Code.

In sum, the Debtors are seeking authority to pay, in the aggregate,
up to approximately $1,570,510 in discretionary severance payments,
which payments
are in excess of the Statutory Severance and Benefits Payments.

                        About Paragon Offshore

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

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

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

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

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

Counsel to JPMorgan Chase Bank, N.A.:

     Simpson Thacher & Bartlett LLP
     425 Lexington Avenue
     New York, NY 10017
     Attn: Sandeep Qusba, Esq.
           Kathrine A. McLendon, Esq.
           Morris J. Massel, Esq.

JPMorgan is the (a) as administrative agent under the Senior
Secured Revolving Credit Agreement, dated as of June 17, 2014, and
(b) as collateral agent under the Guaranty and Collateral
Agreement, dated as of July 18, 2014.

Co-counsel to the Revolver Agent and the Collateral Agent:

     Landis Rath & Cobb LLP
     919 Market Street
     Wilmington, DE 19801
     Attn: Adam G. Landis, Esq.
           Kerri Mumford, Esq.

Counsel to Cortland Capital Market Services L.L.C. as
administrative agent under the Senior Secured Term Loan Agreement,
dated as of July 18, 2014:

     Kaye Scholer LLP
     250 West 55th Street
     New York, NY 10019
     Attn: Mark F. Liscio, Esq.
           Scott D. Talmadge, Esq.

Co-counsel for the Term Loan Agent:

     Potter Anderson & Corroon
     1313 N. Market Street, 6th Floor
     Wilmington, DE 19801
     Attn: Jeremy W. Ryan, Esq.

Counsel to Deutsche Bank Trust Company Americas as trustee under
the Senior Notes Indenture, dated as of July 18, 2014, for the
6.75% Senior Notes due 2022 and the 7.25% Senior Notes due 2024:

     Morgan, Lewis, & Bockius LLP
     101 Park Avenue
     New York, NY 10178
     Attn: James O. Moore, Esq.
           Glenn E. Siegel, Esq.
           Joshua Dorchak, Esq.

Counsel to certain holders of the 6.75% Senior Notes due 2022 and
the 7.25% Senior Notes due 2024:

     Paul, Weiss, Rifkind, Wharton, & Garrison LLP
     1285 Avenue of the Americas
     New York, NY 10019
     Attn: Andrew N. Rosenberg, Esq.
           Elizabeth R. McColm, Esq.

Co-counsel to certain holders of the 6.75% Senior Notes due 2022
and the 7.25% Senior Notes due 2024:

     Young Conaway Stargatt & Taylor, LLP
     Rodney Square
     1000 North King Street
     Wilmington, DE 19801
     Attn: Pauline K. Morgan, Esq.



PARAGON OFFSHORE: Seeks to Employ BDO USA for Internal Audit
------------------------------------------------------------
Paragon Offshore plc and its affiliated debtors ask the Bankruptcy
Court for authority to employ BDO USA, LLP, to provide internal
audit services, nunc pro tunc to the Petition Date.

Prior to the Petition Date, BDO USA provided internal audit
services to the Debtors, and is therefore, familiar with the
Debtors' company and corporate structure.

BDO USA will be paid by the Debtors for the services of the BDO USA
professionals at the agreed discounted hourly billing rates set
forth in this rate schedule:

     Title               Rate Per Hour
     -----               -------------
     Partners                $135
     Senior Managers         $135
     Managers                $135
     Seniors                 $135
     Experienced Associates  $135
     Associates              $135

The Debtors and BDO USA have agreed that the Debtors shall pay BDO
USA a placement fee in the event that the Debtors enter into a
"direct employment relationship" with any BDO USA employees who
work on this engagement. The placement fee will be determined by
annualizing such individual's base salary or hourly rate assuming a
standard
2,080 hour year. The placement fee will be equal to 100% of the
annual salary.

According to BDO USA's books and records, during the 90-day period
prior to the Petition Date, BDO USA received $613,203.49 in the
aggregate for professional services performed and expenses
incurred, including a fee advance in the amount of $149,540.  BDO
USA estimates that the Fee Advance exceeds the amount of any
outstanding prepetition amounts owed to BDO USA.

Vicky Gregorcyk, a partner at the firm, attests that BDO USA: (a)
has no connection with the Debtors, their creditors, other parties
in interest, or the attorneys or accountants of any of the
foregoing, or the U.S. Trustee or any person employed by the Office
of the U.S. Trustee; (b) does not hold any interest adverse to the
Debtors' estates; and (c) believes it is a "disinterested person"
as defined by section 101(14) of the Bankruptcy Code.

The firm may be reached at:

     Vicky Gregorcyk
     BDO USA, LLP
     2929 Allen Parkway, 20th Floor
     Houston, TX 77019

                        About Paragon Offshore

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

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

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

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

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

Counsel to JPMorgan Chase Bank, N.A.:

     Simpson Thacher & Bartlett LLP
     425 Lexington Avenue
     New York, NY 10017
     Attn: Sandeep Qusba, Esq.
           Kathrine A. McLendon, Esq.
           Morris J. Massel, Esq.

JPMorgan is the (a) as administrative agent under the Senior
Secured Revolving Credit Agreement, dated as of June 17, 2014, and
(b) as collateral agent under the Guaranty and Collateral
Agreement, dated as of July 18, 2014.

Co-counsel to the Revolver Agent and the Collateral Agent:

     Landis Rath & Cobb LLP
     919 Market Street
     Wilmington, DE 19801
     Attn: Adam G. Landis, Esq.
           Kerri Mumford, Esq.

Counsel to Cortland Capital Market Services L.L.C. as
administrative agent under the Senior Secured Term Loan Agreement,
dated as of July 18, 2014:

     Kaye Scholer LLP
     250 West 55th Street
     New York, NY 10019
     Attn: Mark F. Liscio, Esq.
           Scott D. Talmadge, Esq.

Co-counsel for the Term Loan Agent:

     Potter Anderson & Corroon
     1313 N. Market Street, 6th Floor
     Wilmington, DE 19801
     Attn: Jeremy W. Ryan, Esq.

Counsel to Deutsche Bank Trust Company Americas as trustee under
the Senior Notes Indenture, dated as of July 18, 2014, for the
6.75% Senior Notes due 2022 and the 7.25% Senior Notes due 2024:

     Morgan, Lewis, & Bockius LLP
     101 Park Avenue
     New York, NY 10178
     Attn: James O. Moore, Esq.
           Glenn E. Siegel, Esq.
           Joshua Dorchak, Esq.

Counsel to certain holders of the 6.75% Senior Notes due 2022 and
the 7.25% Senior Notes due 2024:

     Paul, Weiss, Rifkind, Wharton, & Garrison LLP
     1285 Avenue of the Americas
     New York, NY 10019
     Attn: Andrew N. Rosenberg, Esq.
           Elizabeth R. McColm, Esq.

Co-counsel to certain holders of the 6.75% Senior Notes due 2022
and the 7.25% Senior Notes due 2024:

     Young Conaway Stargatt & Taylor, LLP
     Rodney Square
     1000 North King Street
     Wilmington, DE 19801
     Attn: Pauline K. Morgan, Esq.


PAUL CHRISTENSEN: Court Denies Bid to Restrain Foreclosure Sale
---------------------------------------------------------------
Plaintiff Paul Christensen filed a second ex parte petition and
memorandum of points and authorities in support of petition to
restrain defendants JP Morgan Chase Bank NA, et al.'s foreclosure
sale of the plaintiff's home.

In an Order dated April 5, 2016, which is available at
http://is.gd/MzvRm6from Leagle.com, Judge Phyllis J. Hamilton of
the United States District for the Northern District of California
denied the petition to restrain foreclosure sale.

At the hearing on April 5, 2016, an attorney named Scott Peebles
appeared on plaintiff's behalf. He is not counsel of record, but
was making what he referred to as a "special appearance" because
Peter Kutrubes was out of town. No explanation was offered for the
non-appearance of Stephen Lin, who signed the ex parte petition and
submitted a declaration in support thereof. In any event, Mr.
Peebles could not answer the court's questions regarding the
adequacy of the service of process, nor why an appropriate
declaration was not filed per Rule 65(b)(1) if service were to be
excused. In short, plaintiff has not shown that service was
adequate, and for that reason alone, his petition must be denied.

Additionally, even putting aside the deficiencies with respect to
service, plaintiff's papers do not even attempt to meet the legal
standard for temporary restraining orders -- namely, that plaintiff
is likely to succeed on the merits, that he is likely to suffer
irreparable harm in the absence of preliminary relief, that the
balance of equities tips in his favor, and that an injunction is in
the public interest.

The case is PAUL CHRISTENSEN, Plaintiff, v. JP MORGAN CHASE BANK
NA, et al., Defendants, Case No. 16-cv-0976-PJH(N.D. Calif.).

Paul Christensen, Plaintiff, is represented by Stephen Pei-jing
Lin, Esq. -- Law Office of Peter Kutrubes & Peter Leo Kutrubes,
Esq. -- Law Ofc Peter L Kutrubes.


PEABODY ENERGY: Egan-Jones Withdraws Sr. Unsecured Ratings
----------------------------------------------------------
Egan-Jones Ratings Company withdrew the D local currency senior
unsecured debt rating and CCC+ foreign currency senior unsecured
debt rating on Peabody Energy Corp. on April 18, 2016.  EJR also
withdrew the commercial paper ratings on the Company.

Peabody Energy Corporation, headquartered in St. Louis, Missouri,
is the largest private-sector coal company in the world, which
filed for Chapter 11 bankruptcy protection on April 13, 2016.



PIONEER ENERGY: S&P Lowers CCR to 'B-', Outlook Negative
--------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Pioneer Energy Services Corp. to 'B-' from 'B+'.  The
outlook is negative.

At the same time, S&P also lowered the issue-level rating on the
company's senior unsecured notes to 'B-' from 'B+'.  The recovery
rating on the senior unsecured notes remains '3', indicating
meaningful (50%-70%; lower half of the range) recovery if a default
occurs.

"The downgrade reflects our expectations that U.S. oil and gas
activity will decrease in 2016 and an expected recovery in 2017
will be limited," said Standard & Poor's credit analyst Aaron
McLean.  "We are revising our assessment of Pioneer's financial
risk profile to highly leveraged from aggressive because we expect
leverage measures to continue to weaken," he added.

S&P's analysis incorporates its expectations that funds from
operation (FFO) to debt will fall well below 12% and debt to EBITDA
will increase, approaching 9x on average, over the next two years
as weakened commodity prices persist but moderate slightly toward
the end of the forecast period.  At the same time, S&P is revising
the comparable ratings analysis modifier to neutral from positive,
reflecting S&P's view that the company's credit measures will
remain in line with other 'B-' rated peers over the same period.

The negative outlook reflects S&P's view that revenue and
profitability could weaken further from our forecasts if market
conditions are slow to stabilize in the latter half of 2016.  Under
such a scenario, leverage measures could fall to levels S&P views
as unsustainable or liquidity could become less than adequate.

S&P would consider a downgrade if the company's operating
performance deteriorates such that leverage measures become
unsustainable in S&P's view or liquidity becomes less than
adequate.

S&P could revise the outlook to stable if liquidity remains
adequate and market conditions improve enough in 2017 for expected
leverage measures to show sustained improvement toward the
mid-to-upper half of the highly leveraged category.  



PREMIER EXHIBITIONS: Daoping Bao Reports 47.5% Stake
----------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Daoping Bao disclosed that as of April 21, 2016, he
beneficially owns 4,448,113 shares of common stock of Premier
Exhibitions, Inc., representing 47.5 percent of the shares
outstanding.  Also included in the filing are Nancy Brenner,
162,726 shares; Lange Feng, 669,643 shares; Jihe Zhang, 446,429
shares; High Nature Holding Limited, 1,116,071; and Mandra Forestry
Limited, 781,250 shares. A full-text copy of the Schedule 13D/A is
available for free at http://is.gd/nZQbdu

                      About Premier Exhibitions

Premier Exhibitions, Inc., develops, deploys and operates
exhibition products that are presented to the public in exhibition
centers, museums and non-traditional venues.  The Atlanta-based
Company's exhibitions generate income primarily through ticket
sales, third-party licensing, sponsorship and merchandise sales.

Premier Exhibitions reported a net loss of $11.7 million on $29.4
million of total revenue for the year ended Feb. 28, 2015, compared
with a net loss of $778,000 on $29.3 million of total revenue for
the year ended Feb. 28, 2014.

As of Aug. 31, 2015, the Company had $35.89 million in total
assets, $32.2 million in total liabilities, $2.66 million in equity
attributable to shareholders of the Company and $1.02 million in
equity attributable to non-controlling interest.


QUEST SOLUTION: Conference Call Held to Discuss Results
-------------------------------------------------------
Quest Solution, Inc., held a telephonic conference call to provide
an update to the Company's stockholders to discuss the Company's
results of operations, general corporate updates and to conduct a
question and answer period.  A transcript of the conference call is
available for free at http://is.gd/0Jdvgv

                      About Quest Solution

Quest Solution (formerly known as Amerigo Energy, Inc.) is a
national mobility systems integrator with a focus on design,
delivery, deployment and support of fully integrated mobile
solutions.  The Company takes a consultative approach by offering
end to end solutions that include hardware, software,
communications and full lifecycle management services.  The highly
tenured team of professionals simplifies the integration process
and delivers proven problem solving solutions backed by numerous
customer references.  Motorola, Intermec, Honeywell, Panasonic,
AirWatch, Wavelink, SOTI and Zebra are major suppliers which Quest
Solution uses in its systems.

Quest Solution reported a net loss of $1.71 million on $63.9
million of total revenues for the year ended Dec. 31, 2015,
compared to net income of $301,649 on $37.3 million of total
revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Quest Solution had $51.9 million in total
assets, $52.3 million in total liabilities and a total
stockholders' deficit of $471,367.

The Company's auditors RBSM LLP, in Leawood, Kansas, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that
the Company has a working capital deficiency and significant
subordinated debt resulting from acquisitions.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


QUICK CHANGE ARTIST: Asks Court to Extend Exclusivity to June 21
----------------------------------------------------------------
Quick Change Artist LLC asks the U.S. Bankruptcy Court for the
Southern District of Florida to extend the period within which it
has the exclusive right to file its Plan and Disclosure Statement
pursuant to 11 U.S.C. Sec. 1121(e).  Specifically, the Debtor seeks
a 60-day extension of the exclusivity period up to and including
June 21, 2016.

The exclusivity period within which the Debtor is required to file
its plan and  disclosure statement was previously extended to
expire on April 22, 2016.

The Debtor explains it is in the midst of an adversary proceeding
to recover substantial funds to aid in reorganization and in
negotiations with its secured creditor.  The Debtor is also
anticipating an increase in sales over the spring months and the
additional data will aid in formulating reliable projections.

Creditor Wal-Mart Stores, Inc. Global Shared Services is
represented by Jamie Blucher, Esq. -- jblucher@zkslawfirm.com,
jconcannon@zkslawfirm.com

Quick Change Artist, LLC  is also represented by Julianne R. Frank,
Esq. -- fwbbnk@fwbpa.com, jrfbnk@gmail.com

Creditor Gulf Coast Bank & Trust Co is represented by Siobhan E
Grant, Esq. -- sepg@lgplaw.com, amm@lgplaw.com -- and Laudy Luna,
Esq. -- ll@lgplaw.com, de@lgplaw.com

Creditor Iris T. Accessories is represented by Barry P Gruher, Esq.
-- bgruher@gjb-law.com, vlambdin@gjb-law.com; gjbecf@gjb-law.com;
cesser@gjblaw.com; chopkins@gjb-law.com  

Creditor Gulf Coast Bank & Trust Co is represented by David H Haft
-- dhaft@tobinreyes.com, eservice@tobinreyes.com;
dboentgen@tobinreyes.com

Creditor CORA USA, LLC is represented by Amy D. Harris, Esq. --
aharris.ecf@srbp.com, aharris@srbp.com

Creditor Palm Beach County Tax Collector is represented by Orfelia
M Mayor, Esq. -- omayor@ombankruptcy.com, legalservices@pbctax.com;
carmen@ombankruptcy.com; cmbk@ombankruptcy.com;
omayor@ecf.inforuptcy.com   

Creditors Jan Art Development, LLC and George Janssen are
represented by David A Ray, Esq. -- dray@draypa.com,
draycmecf@gmail.com; sramirez.dar@gmail.com

Counsel to the Debtor:

     Malinda L. Hayes, Esq.
     MARKARIAN FRANK WHITE-BOYD & HAYES
     2925 PGA Blvd., Suite 204
     Palm Beach Gardens, FL  33410
     Tel: (561) 626-4700
     Fax: (561) 627-9479
     E-mail: malinda@businessmindedlawfirm.com
             mlhbnk@gmail.com

Quick Change Artist, LLC, based in Lake Park, Florida, filed a
Chapter 11 petition (Bankr. S.D. Fla. Case No. 15-25377) on August
26, 2015.  Hon. Paul G. Hyman, Jr. presides over the case.  In its
petition, the Debtor estimated $100,000 to $500,000 in assets and
$1 million to $10 million in liabilities.  The petition was signed
by Dominique Barteet, president.


RAINEY & ASSOCIATES: Court Extends Plan Exclusivity to April 27
---------------------------------------------------------------
At the behest of Rainey & Associates, Inc., Bankruptcy Judge Robert
D. Berger of the U.S. Bankruptcy Court for the District of Kansas
extended by seven days -- until April 27, 2016 -- its exclusive
period to file a chapter 11 plan of reorganization and disclosure
statement, and until June 27, 2016, its exclusive period to solicit
acceptances of that plan.

Rainey & Associates's sole shareholder, Robert Rainey, is a debtor
in a Chapter 7 bankruptcy proceeding filed on Nov. 9, 2015.  Mr.
Rainey's Chapter 7 case is nearing completion with a reaffirmation
hearing set for April 24, 2016.

As reported by the Troubled Company Reporter on April 22, 2016,
Rainey & Associates informed the Court that during a review of
financial records in conjunction with a proposed Plan of
Reorganization, it was discovered that due to an unintentional
oversight the income and expense summaries by the firm's employees
did not include all EFT debits from the Debtor's DIP account.  All
previously filed operating statements are being revised and those
revisions will be filed with the Court.

Rainey & Associates said the revisions are necessary to accurately
finalize any proposed Plan and can be completed within seven days.

Rainey & Associates, Inc. filed a Chapter 11 petition (Bankr. D.
Kan. Case No. 15-22114) on October 2, 2015, and is represented by:

     John L Lentell, Esq.
     John L Lentell, JD MBA LLC
     4630 W. 137th Street, Suite 107
     Leawood, KS 66224
     Tel: 913-400-2032
     Fax: 913-400-2082
     E-mail: lentell@earthlink.net


RCS CAPITAL: Cetera Debtors Hire Zolfo Cooper to Provide CRO
------------------------------------------------------------
The Cetera Debtors in bankruptcy cases of RCS Capital Corporation,
et al., seek authorization from the U.S. Bankruptcy Court for the
District of Delaware to employ Zolfo Cooper Management, LLC to
provide interim management services; and designate:

     -- Carol Flaton as chief restructuring officer and strategic
director of finance; and

     -- Denise Lorenzo as the associate director of finance for the
Cetera Debtors,

nunc pro tunc to the March 26, 2016 Cetera Debtors' petition date.

Ms. Flaton will continue to provide interim management services to
the Cetera Debtors' and serve as the Cetera Debtors' CRO and
Strategic Director of Finance, Ms. Lorenzo will continue to serve
as the Associate Director of Finance, and Zolfo Cooper will assign
Associate Directors to perform other services as needed pursuant to
the Agreement.  Zolfo Cooper and Ms. Flaton will lead the Cetera
Debtors' restructuring efforts as directed by the Board or the
Executive Committee of the Board.  Zolfo Cooper, Ms. Flaton, and
Ms. Lorenzo shall be authorized to make decisions with respect to
the financial operations, cash management of the non-regulated
subsidiaries, implementation of strategic alternatives and the
restructuring of the Cetera Debtors' business in each case as
approved by the Board, and such other areas as Ms. Flaton and Ms.
Lorenzo may identify, in such a manner as they deem necessary or
appropriate in their sole discretion in a manner consistent with
the business judgment rule and the provisions of applicable law,
subject, however, to approval of the Board.   

On or about February 4, 2016, the Cetera Debtors engaged Zolfo
Cooper, Ms. Flaton and Ms. Lorenzo, and designated Ms. Flaton to
serve as the Strategic Director of Finance and Ms. Lorenzo to serve
as the Associate Director of Finance of the Cetera Debtors and
Associate Directors to provide services to the Cetera Debtors, as
required under the services agreement.  Zolfo Cooper, Ms. Flaton,
Ms. Lorenzo and Associate Directors provided such services from the
date of the Pre-petition Services Agreement up to immediately prior
to the commencement of these cases.

Zolfo Cooper's, Ms. Flaton's, Ms. Lorenzo's and the Associate
Directors' compensation shall consist of the following:

   (a) Standard Hourly Rates.  The billing rates for professionals

       who may be assigned to this engagement in effect as of
       January 1, 2016, are as follows:  

       Managing Directors US        $790-$985
       Professional Staff US        $280-$790
       Support Personnel US         $60-$270

   (b) Expenses – Reimbursement of Ms. Flaton, Ms. Lorenzo,
       Associate Directors, and Zolfo Cooper's reasonable
       documented out-of-pocket expenses including, but not
       limited to, costs of travel, reproduction, legal counsel,
       any applicable state sales or excise tax, and other direct
       expenses.

   (c) Retainer and Advance Payments – The Cetera Debtors
provided
       prepetition retainer of $200,000, and advance payments
       totaling $1,300,000 under the Prior Pre-petition Services
       Agreement.  The advances will be reduced by any current
       outstanding pre-petition fees and expenses under the Prior
       Pre-petition Services Agreement and Zolfo Cooper will apply

       its retainer and any remaining pre-petition advance
       payments to allowed fees and expenses prior to seeking
       payment from the Cetera Debtors' cash flows.

Carol Flaton, managing director of Zolfo Cooper, 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.

Zolfo Cooper can be reached at:

       Carol Flaton
       ZOLFO COOPER
       Grace Building
       1114 Avenue of the Americas, 41st Floor
       New York, NY 10036
       Tel: (212) 561-4073
       Fax: (646) 431-8996
       E-mail: cflaton@zolfocooper.com

                        About RCS Capital

New York-based RCS Capital Corporation --
http://www.rcscapital.com/-- is a full-service investment firm   
focused on the individual retail investor.  With operating
subsidiaries primarily focused on retail advice and until the
completion of recently announced pending sales and divestiture of
its wholesale distribution and investment banking, the company's
business aims to capitalize, grow and maximize value for the
investment programs its distributes and the independent advisors
and clients it serves.

RCS Capital Corporation and 11 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10223 to
16-10234) on Jan. 31, 2016.  The RCS Debtors' petitions were
signed by David Orlofsky as chief restructuring officer. The
Debtors disclosed total assets of $1.97 billion and total debts of
$1.39 billion.  RCS Capital Corp. disclosed total assets of
$1,403,924,232 and total liabilities of $912,449,960.

RCS Capital's affiliates led by Cetera Advisor Networks Insurance
Services, LLC and Cetera Financial Group, Inc. filed separate
Chapter 11 petitions (Bankr. D. Del. Case Nos. 16-10730 to
16-10748) on March 26, 2016.  The cases are jointly administered
under the Chapter 11 case of RCS Capital Corporation, Case No.
16-10223.

The RCS and Cetera Debtors have engaged Dechert LLP as general
counsel, Young Conaway Stargatt & Taylor, LLP as Delaware counsel,
Zolfo Cooper Management, LLC as restructuring advisor, Lazard
Freres & Co. LLC as investment banker and Prime Clerk LLC as
administrative advisor and claims and noticing agent.

Cetera Advisor Networks Insurance Services, LLC, estimated under
$50,000 in assets and $500 million to $1 billion in debts.  The
Cetera Debtors' petitions were signed by Carol Flaton, chief
restructuring officer.



RCS CAPITAL: Cetera Debtors Tap Prime Clerk as Admin Advisor
------------------------------------------------------------
The Cetera Debtors in bankruptcy cases of RCS Capital Corporation,
et al., seek authorization from the U.S. Bankruptcy Court for the
District of Delaware to employ Prime Clerk LLC as administrative
advisor for the Cetera Debtors, nunc pro tunc to the March 26, 2016
Cetera Debtors' petition date.

The Cetera Debtors seek to hire Prime Clerk to provide these
administrative services, to the extent requested:

   (a) assisting with, among other things, solicitation,
       balloting, and tabulation and calculation of votes, as well

       as preparing any appropriate reports, as required in
       furtherance of confirmation of the Cetera Prepackaged Plan;

   (b) generating an official ballot certification and testifying,

       if necessary, in support of the ballot tabulation results
       for the Cetera Prepackaged Plan;

   (c) managing any distributions pursuant to the Cetera
       Prepackaged Plan; and

   (d) providing such other claims processing, noticing,
       solicitation, balloting, and administrative services
       described in the Engagement Agreement, but not included in
       the Section 156(c) Application, as may be requested from
       time to time by the Cetera Debtors and their estates.

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

Michael J. Frishberg, co-president and chief operating officer of
Prime Clerk, 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.

Prime Clerk can be reached at:

       Michael J. Frishberg
       PRIME CLERK LLC
       830 Third Avenue, 9th Floor
       New York, NY 10022
       Tel: (212) 257-5445
       E-mail: mfrishberg@primeclerk.com

                        About RCS Capital

New York-based RCS Capital Corporation --
http://www.rcscapital.com/-- is a full-service investment firm   
focused on the individual retail investor.  With operating
subsidiaries primarily focused on retail advice and until the
completion of recently announced pending sales and divestiture of
its wholesale distribution and investment banking, the company's
business aims to capitalize, grow and maximize value for the
investment programs its distributes and the independent advisors
and clients it serves.

RCS Capital Corporation and 11 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10223 to
16-10234) on Jan. 31, 2016.  The RCS Debtors' petitions were
signed by David Orlofsky as chief restructuring officer. The
Debtors disclosed total assets of $1.97 billion and total debts of
$1.39 billion.  RCS Capital Corp. disclosed total assets of
$1,403,924,232 and total liabilities of $912,449,960.

RCS Capital's affiliates led by Cetera Advisor Networks Insurance
Services, LLC and Cetera Financial Group, Inc. filed separate
Chapter 11 petitions (Bankr. D. Del. Case Nos. 16-10730 to
16-10748) on March 26, 2016.  The cases are jointly administered
under the Chapter 11 case of RCS Capital Corporation, Case No.
16-10223.

The RCS and Cetera Debtors have engaged Dechert LLP as general
counsel, Young Conaway Stargatt & Taylor, LLP as Delaware counsel,
Zolfo Cooper Management, LLC as restructuring advisor, Lazard
Freres & Co. LLC as investment banker and Prime Clerk LLC as
administrative advisor and claims and noticing agent.

Cetera Advisor Networks Insurance Services, LLC, estimated under
$50,000 in assets and $500 million to $1 billion in debts.  The
Cetera Debtors' petitions were signed by Carol Flaton, chief
restructuring officer.


REGIONALCARE HOSPITAL: Moody's Rates $350MM Sr. Unsec. Notes Caa1
-----------------------------------------------------------------
Moody's Investors Service assigned a Caa1 rating to the senior
unsecured notes of RegionalCare Hospital Partners Holdings, Inc..
Moody's also affirmed RegionalCare's existing ratings, including
its B2 Corporate Family Rating and B2-PD Probability of Default
Rating.  Moody's also affirmed the Ba2 rating on RegionalCare's
asset based revolver and the B1 rating on the company's senior
secured notes.

The proceeds of the $350 million senior unsecured note offering
will be used along with $800 million of senior secured notes and
$120 million of equity from Apollo Global Management, LLC, to
acquire Capella Healthcare, Inc. from Medical Properties Trust,
Inc. (MPT) and refinance existing debt at Capella and RCHP, Inc. (a
separate subsidiary within the corporate structure).  The ratings
at RCHP, Inc. including its B3 CFR will be withdrawn at the close
of the transaction.  The combination of RegionalCare and Capella
will create an operating entity with a footprint of 18 hospitals in
12 states and pro forma revenue of about $1.6 billion.  Moody's
estimates that pro forma adjusted debt/EBITDA would have been about
7.0 times at Dec. 31, 2015, prior to consideration of any
synergies.

Following is a summary of Moody's rating actions on RegionalCare
Hospital Partners Holdings, Inc.:

Ratings assigned:
  Senior unsecured notes due 2024 at Caa1 (LGD 5)

Ratings affirmed:
  Corporate Family Rating at B2
  Probability of Default Rating at B2-PD
  ABL revolving credit facility expiring 2021 at Ba2 (LGD 1)
  Senior secured notes due 2023 at B1 (LGD 3)
  The rating outlook is stable

                        RATINGS RATIONALE

RegionalCare's B2 Corporate Family Rating reflects Moody's
expectation that the company will reduce its very high adjusted
debt to EBITDA leverage to a 6.0 times range by the end of 2017
through modest growth and realization of synergies.  Further, while
Moody's acknowledges the improvement in scale and diversification
resulting from the transaction, the company will continue to be
reliant on a small number of hospitals for a significant portion of
revenue and EBITDA.  Moody's also expects that RegionalCare will
actively pursue acquisitions in order to gain additional scale and
diversity.  The lack of prepayable debt in the capital structure,
including significant lease obligations, will require continued
growth at existing facilities as well as acquisitions in order to
meaningfully reduce leverage.  The rating is supported by Moody's
expectation of stable operating results, including healthy margins
and improving free cash flow, aided in part by the limited
competition for hospital services in many of the company's
markets.

Moody's expects that RegionalCare will maintain good liquidity over
the next 12-18 months.  Moody's anticipates that the company will
generate sufficient cash flow to fund its working capital needs as
well as maintenance capital expenditures.  Liquidity will also
include access to a $150 million revolver that is expected to be
undrawn at the close of the transaction.

The stable outlook reflects Moody's expectation that the company
can effectively merge the operations of Capella with its existing
hospital base without significant disruption and realize expected
synergies and cost savings.  Moody's also anticipates that the
company's operations will not be unduly burdened by the lease
obligations with MPT on the Capella facilities.  Moody's expects
RegionalCare to reduce leverage to around 6.0 times within the next
18 - 24 months.

The ratings could be upgraded if RegionalCare can continue to
increase its scale and diversification without detriment to its
credit metrics.  Further, RegionalCare will have to meaningfully
deleverage, such that adjusted debt to EBITDA will be sustained
below 5.0 times, prior to a ratings upgrade.  Additionally, the
company must generate significant free cash flow relative to debt
and maintain a level of reinvestment to contribute to further
growth.

The ratings could be downgraded if debt to EBITDA is expected to be
sustained above 6.0 times.  If RegionalCare experiences challenges
in merging the operations of Capella, ratings could also be
downgraded.  Finally, ratings could be downgraded if the company
cannot sustain a meaningful level of free cash flow with an
appropriate level of reinvestment or if liquidity weakens.

The senior secured notes will be secured by a pledge of assets of
those subsidiaries guaranteeing the debt.  However, hospitals in
six of the company's 16 markets are leased.  Therefore, the
collateral excludes the buildings and real estate and associated
with those operating subsidiaries.

RegionalCare Hospital Partners Holdings is an operator of general
acute care hospitals in non-urban markets in United States.  Pro
forma for the acquisition of Capella, the company will own or lease
16 hospitals in 12 states.  The company would have recognized pro
forma revenue of approximately $1.6 billion for the year ended Dec.
31, 2015.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in December 2014.



REMINGTON PARK: Charter Loses Bid to Reconsider Assumption Order
----------------------------------------------------------------
This matter comes before the Court on the Motion for Relief from
Order Granting Assumption and Assignment of Contract to
Infrastructure Management VA, LLC filed on behalf of Charter
Communications VI, LLC on February 27, 2015. The Motion to
Reconsider requests relief from the Court's order authorizing the
chapter 7 trustee to assume and assign an executory contract
entered on August 28, 2014. Remington Infrastructure Management,
L.L.C. ("RIM") and Infrastructure Management VA, LLC, filed a joint
objection to the Motion to Reconsider on March 13, 2015.

In a Memorandum Opinion dated March 24, 2016, which is available at
http://is.gd/AtmAKbfrom Leagle.com, Judge Frank J. Santoro of the
United States Bankruptcy Court for the Eastern District of
Virginia, Norfolk Division, denied the Motion to Reconsider.  The
Court concluded that Charter lacks standing to seek reconsideration
of the Assignment Order pursuant to Federal Rule of Civil Procedure
60(b).

The case is In re: REMINGTON PARK OWNERS ASSOCIATION, INC., Chapter
7, Debtor, Case No. 14-71894-FJS (Bankr. E.D. Va.).

Remington Park Owners Association, Inc., Debtor, is represented by
Robert V. Roussos, Esq. -- roussos@rgblawfirm.com -- Roussos,
Glanzer & Barnhart, P.L.C..


RESIDENTIAL CAPITAL: W. Futrell's Claim No. 725 Allowed for $19K
----------------------------------------------------------------
The ResCap Borrower Claims Trust objects to Claim Number 725 filed
by William J. Futrell. Futrell's Claim asserts an unliquidated
general unsecured claim against debtor GMAC Mortgage LLC ("GMACM")
and debtor Residential Capital, LLC ("ResCap"). The asserted basis
for the Claim is "mortgage servicing by GMACM/RESPA and other
bases.

In a prior Opinion in this matter, the Court sustained in part and
overruled in part the Trust's Objection. Only one of Futrell's
theories of liability survived the Objection namely, Futrell's
claim that GMACM violated the Real Estate Settlement Procedures Act
("RESPA") when GMACM either failed to respond or responded
inaccurately to a Qualified Written Request ("QWR") submitted on
Futrell's behalf. Debtor Homecomings Financial, LLC serviced
Futrell's mortgage loan from March 9, 2001 until July 1, 2009, when
servicing was transferred to GMACM. GMACM serviced the mortgage
loan from July 1, 2009 until February 15, 2013, when servicing was
transferred to non-debtor Ocwen Loan Servicing, LLC.

In the Memorandum Opinion and Order dated March 28, 2016 which is
available at http://is.gd/k52hj0from Leagle.com, Judge Martin
Glenn of the United States Bankruptcy Court for the Southern
District of New York concluded that GMACM violated section 6 of
RESPA.

The RESPA violation by GMACM was inexcusable. A loan servicer's
sloppiness can cause serious harm to people least able to bear it.
The unwillingness of a loan servicer to even check whether it had
made an error called to its attention by a borrower cannot be
excused. But the law understandably limits recoverable damages, and
here the Futrells' proof of damages proximately caused by GMACM's
RESPA violation was limited.

The Trust's Objection is overruled and the Claim is allowed in the
amount of $19,646.38. The Court directs the Trust to use reasonable
best efforts to remove the payment delinquencies, and any other
related credit report entries resulting from GMACM's conduct, from
Futrell's credit reports.

The case is In re: RESIDENTIAL CAPITAL, LLC, et al., Chapter 11,
Debtors, Case No. 12-12020 (MG) Jointly Administered (Bankr.
S.D.N.Y.).

Residential Capital, LLC is represented by:

          Donald H. Cram, Esq.
          SEVERSON & WERSON, PC
          One Embarcadero Center Suite 2600
          San Francisco, CA 94111
          Tel: (415) 398-3344
          Fax: (415) 956-0439
          Email: dhc@severson.com

            -- and --

          Stefan W. Engelhardt, Esq.
          Todd M. Goren, Esq.
          Joel C Haims, Esq.
          Gary S. Lee, Esq.
          Lorenzo Marinuzzi, Esq.
          Larren M. Nashelsky, Esq.
          Anthony Princi, Esq.
          Norman Scott Rosenbaum, Esq.
          Kayvan B. Sadeghi, Esq.
          MORRISON & FOERSTER LLP
          250 West 55th Street
          New York, NY 10019-9601
          Tel: (212) 468-8000
          Fax: (212) 468-7900
          Email: tgoren@mofo.com
                 jhaims@mofo.com
                 glee@mofo.com
                 lmarinuzzi@mofo.com
                 lnashelsky@mofo.com
                 nrosenbaum@mofo.com
                 ksadeghi@mofo.com

            -- and --

          Steven J. Reisman, Esq.
          CURTIS, MALLET-PREVOST, COLT & MOSLE LLP
          101 Park Avenue
          New York, NY 10178-0061
          Tel: (212) 696-6000
          Fax: (212) 697-1559
          Email: sreisman@curtis.com

            -- and --

          John W Smith T, Esq.
          BRADLEY ARANT BOULT CUMMINGS LLP
          One Federal Place
          1819 Fifth Avenue North
          Birmingham, AL 35203
          Tel: (205) 521-8000
          Fax: (205) 521-8800
          Email: jsmitht@babc.com

Official Committee of Unsecured Creditors is represented by:

          Kenneth H. Eckstein, Esq.
          Douglas Mannal, Esq.
          Steven S. Sparling, Esq.
          KRAMER LEVIN NAFTALIS & FRANKEL LLP
          1177 Avenue of the Americas
          New York, NY 10036
          Tel: (212) 715-9100
          Fax: (212) 715-8000
          Email: keckstein@kramerlevin.com
                 dmannal@kramerlevin.com
                 ssparling@kramerlevin.com

            -- and --

          Robert J. Feinstein, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP
          780 Third Avenue 34th Floor
          New York, NY 10017-2024
          Tel: (212) 561-7700
          Fax: (212) 561-7777
          Email: rfeinstein@pszjlaw.com

            -- and --

          Ronald J. Friedman, Esq.
          Robert D. Nosek, Esq.
          SILVERMAN ACAMPORA LLP
          100 Jericho Quadrangle, Suite 300
          Jericho, NY 11753
          Tel: (516) 479-6300
          Fax: (516) 479-6301
          Email: rfriedman@silvermanacampora.com

Official Committee of Unsecured Creditors of Residential Capital,
LLC, et al. is represented by:

          Stephen Zide, Esq.
          KRAMER LEVIN NAFTALIS & FRANKEL LLP
          1177 Avenue of the Americas
          New York, NY 10036
          Tel: (212) 715-9100
          Fax: (212) 715-8000
          Email: szide@kramerlevin.com

                  About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012. Neither Ally
Financial nor Ally Bank is included in the bankruptcy filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.7 billion in assets and $15.3 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap. Morrison & Foerster LLP is acting as legal
adviser to ResCap. Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel. Rubenstein Associates, Inc., is the
public relations consultants to the Company in the Chapter 11
case. Morrison Cohen LLP is advising ResCap's independent
directors. Kurtzman Carson Consultants LLP is the claims and
notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of
its mortgage servicing and origination platform assets to Ocwen
Loan Servicing, LLC and Walter Investment Management Corporation
for $3 billion; and its portfolio of roughly 50,000 whole loans
to Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


S-3 PUMP SERVICE: Court Approves Retention of CEO, 3 Others
-----------------------------------------------------------
S-3 Pump Service Inc. received the green light to retain its chief
executive officer and three other employees.

The order, issued by the U.S. Bankruptcy Court for the Western
District of Louisiana, approved the retention of S-3 Pump Service
President and CEO Malcolm Sneed, III.

Mr. Sneed will receive a monthly salary of $12,500, which
represents a "substantial reduction" of the salary he received
prior to the company's bankruptcy filing, according to court
papers.

The bankruptcy court also allowed S-3 Pump Service to retain Mr.
Sneed's wife Linda Sneed, the company's secretary and treasurer,
and their two daughters who are both employed as vice-president.

Mrs. Sneed will receive a monthly salary of $5,000; Nicole Sneed
Scates, $5,500; and Courtney Sneed, $5,000, according to court
filings.

                      About S-3 Pump Service

S-3 Pump Service, Inc., provider of high pressure pumping service,
filed a Chapter 11 bankruptcy petition (Bankr. W.D. La. Case No.
16-10383) on March 4, 2016.  The petition was signed by Malcolm H.
Sneed, III, the president.  The Debtor estimated assets and debt in
the range of $10 million to $50 million.  Blanchard, Walker, O'Quin
& Roberts serves as the Debtor's counsel.  Judge Jeffrey P. Norman
is assigned to the case.


SALIX PHARMACEUTICALS: Egan-Jones Withdraws Unsec. Debt Ratings
---------------------------------------------------------------
Egan-Jones Ratings Company withdrew the senior unsecured debt
ratings on Salix Pharmaceuticals from BB on April 16, 2016.

Salix Pharmaceuticals, Inc. is a specialist American pharmaceutical
company.



SEANERGY MARITIME: Announces Availability of 2015 Form 20-F
-----------------------------------------------------------
Seanergy Maritime Holdings Corp. announced that its Annual Report
on Form 20-F for the fiscal year ended Dec. 31, 2015, has been
filed with the U.S. Securities and Exchange Commission.  The Annual
Report on Form 20-F may also be accessed through the Seanergy
Maritime Holdings Corp. website, http://www.seanergymaritime.com/,
at the Investor Relations section under Financial Reports.

Shareholders may also request a hard copy of the Annual Report on
Form 20-F, free of charge, by contacting the Company's Investor
Relations, Capital Link, at:

230 Park Avenue Suite 1536
New York, NY 10169
Tel. (212) 661-7566
E-mail: seanergy@capitallink.com

                      About Seanergy

Athens, Greece-based Seanergy Maritime Holdings Corp. is an
international company providing worldwide seaborne transportation
of dry bulk commodities.  The Company owns and operates a fleet
of seven dry bulk vessels that consists of three Handysize, two
Supramax and two Panamax vessels.  Its fleet carries a variety of
dry bulk commodities, including coal, iron ore, and grains, as
well as bauxite, phosphate, fertilizer and steel products.

For the year ended Dec. 31, 2015, the Company reported a net loss
of US$8.95 million on US$11.22 million of net vessel revenue
compared to net income of US$80.34 million on US$2.01 million of
net vessel revenue for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Seanergy had US$209.35 million in total
assets, US$186.06 million in total liabilities and US$23.28 million
in stockholders' equity.


SEVEN COUNTIES: Can Withdraw from Pension Participation, Court Says
-------------------------------------------------------------------
Kentucky's largest public pension fund appeals a ruling of the
United States Bankruptcy Court for the Western District of
Kentucky, which permits a community mental health provider to
withdraw from participation in the pension.

For decades, Seven Counties Services, Inc., a private behavioral
health services provider, paid into Kentucky Employees Retirement
System, a public pension system. Starting in 2013, the burden
became too great—Seven Counties could not afford to pay both its
Kentucky Employee Retirement System contributions and continue to
provide its services. So it filed for Chapter 11 bankruptcy relief.
Its goal was to leave KERS; KERS tried to bar Seven Counties' exit.
The bankruptcy court decided that Seven Counties qualified for
Chapter 11 relief, that its relationship with KERS was based on
contract, and that it could reject that contract with KERS. KERS
has appealed the decision. KERS also proposes that this Court
certify a question to Kentucky's highest court. Meanwhile, Seven
Counties has filed what it calls a "protective cross-appeal" to
suggest alternative reasons to uphold the decision below if the
Court decides the bankruptcy court was wrong to find that the
parties' relationship was contractual. After careful consideration,
the Court concludes that a certification to the Kentucky Supreme
Court is unnecessary. As well, the Court will deny KERS's appeal
and uphold the bankruptcy court's decision with one correction to
the bankruptcy court's factual conclusions

In a Memorandum Opinion and Order dated March 31, 2016, which is
available at http://is.gd/znCDQifrom Leagle.com, Judge David J.
Hale of the United States District Court for the Western District
of Kentucky, Louisville Division, ordered as follows:

   1. Appellant KERS's motion to certify a question to the Kentucky
Supreme Court is DENIED.

   2. The bankruptcy court's conclusion that the Kentucky Employee
Retirement System's non-hazardous plan is a multi-employer plan is
REVERSED as clear error. Instead, the record shall reflect that the
plan is actually a multiple-employer plan.

   3. In all other respects, the bankruptcy court's decision is
AFFIRMED.

   4. The cross-appeal of Seven Counties is DENIED as moot and
DISMISSED.

The case is KENTUCKY EMPLOYEES RETIREMENT SYSTEM and the BOARD OF
TRUSTEES OF KENTUCKY RETIREMENT SYSTEMS,
Appellants/Cross-Appellees, v. SEVEN COUNTIES SERVICES, INC.,
Appellee/Cross-Appellant, Civil Action No. 3:15-cv-25-DJH.

Kentucky Employees Retirement System, Appellant, is represented by
Daniel R. Swetnam, Esq. -- daniel.swetnam@icemiller.com -- Ice
Miller LLP, Tyson A. Crist, Esq. -- tyson.crist@icemiller.com --
Ice Miller LLP & Victoria E. Powers, Esq. --
victoria.powers@icemiller.com -- Ice Miller LLP.

Board of Trustees of the Kentucky Retirement Systems, Appellant, is
represented by Daniel R. Swetnam, Ice Miller LLP, Tyson A. Crist,
Ice Miller LLP & Victoria E. Powers, Ice Miller LLP.

Seven Counties Services, Inc., Appellee, is represented by David
Cantor, Esq. -- cantor@derbycitylaw.com -- Seiller Waterman, LLC,
Paul Joseph Hershberg, Esq. --phershberg@grayandwhitelaw.com --
Gray & White, Philip C. Eschels, Esq. -- peschels@bgdlegal.com --
Bingham Greenebaum Doll LLP, Theodore T. Myre, Jr., Esq. --
tmyre@wyattfirm.com -- Wyatt, Tarrant & Combs LLP & Tyler R.
Yeager, Esq. -- Seiller Waterman, LLC.

                   About Seven Counties

Seven Counties Services Inc., a not-for-profit behavioral
services provider from Louisville, Kentucky, filed for Chapter 11
protection (Bankr. W.D. Ky. Case No. 13-31442) on April 4, 2013.
The agency generates more than $100 million a year in revenue and
employs a staff of 1,400 providing services at 21 locations and
120 schools and community centers.

The petition was signed by Anthony M. Zipple as president/CEO.
The Debtor scheduled assets of $45.6 million and scheduled
liabilities of $233 million.

Judge Joan A. Lloyd presides over the case.  David M. Cantor,
Esq., Neil C. Bordy, Esq., Charity B. Neukomm, Esq., Tyler R.
Yeager, Esq., and James E. McGhee III, Esq., at SEILLER WATERMAN
LLC, serve as counsel to the Debtor.  Bingham Greenebaum Doll LLP
and Wyatt, Tarrant & Combs LLP have been retained by the Debtor as
special counsel.  Hall, Render, Killian, Heath & Lyman, PLLC, is
special counsel to represent and advise it in the implementation
of its new software system.

Peritus Public Relations, LLC, has been tapped to provide public
relations and public affairs support in Kentucky.

Fifth Third Bank, the cash collateral lender, is represented by
Brian H. Meldrum, Esq., at STITES & HARBISON PLLC; and Robert C.
Goodrich, Jr., Esq., at STITES & HARBISON PLLC.


SFX ENTERTAINMENT: Court Approves Hiring of FTI Staff in Australia
------------------------------------------------------------------
SFX Entertainment, Inc., et al., sought and obtained approval from
the U.S. Bankruptcy Court for the District of Delaware to expand
the services rendered by FTI Consulting, Inc. as the Debtors'
crisis and turnaround manager and add additional personnel, nunc
pro tunc to March 21, 2016.

The Debtors have determined that the assistance of additional
personnel from FTI's Australia offices (the "FTI Australia
Professionals") is necessary to represent the Debtors' interests
with respect to Totem.  Among other responsibilities, the FTI
Australia Professionals will provide an interim management team and
assume management responsibilities for Totem; identify key roles
that need to be filled and source external hires; develop business
plan alternatives; manage daily cash flows; work to deliver on
short term events to preserve brand and market position; work to
ensure data is retained and stored; and assist with the development
of strategic alternatives for the business.

The Debtors propose to compensate the FTI Australia Professionals
for their time worked on the engagement on an hourly fee basis as
follows:

       Senior Managing Directors             AU$795
       Managing Directors                    AU$700
       Senior Directors                      AU$650
       Directors                             AU$600
       Senior Consultants                    AU$540
       Consultants                           AU$410
       Associates                            AU$385

FTI has agreed that fees arising out of work performed by the FTI
Australia Professionals will be capped at AU$150,000 per month, or
approximately $118,000 based on exchange rates as of the date
hereof.

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

Michael Katzenstein, senior managing director of FTI Consulting,
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.

FTI can be reached at:

         Michael Katzenstein
         FTI CONSULTING INC.
         3 Times Square
         New York, NY 10036
         Tel: (212) 651-7169
         Fax: (212) 841-9350
         Email: mike.katzenstein@fticonsulting.com

                    About SFX Entertainment

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016.  The petitions
were signed by Michael Katzenstein as chief restructuring officer.

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

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

Judge Mary F. Walrath is assigned to the case.



SHERWIN ALUMINA: Glencore Unit Named Successful Bidder
------------------------------------------------------
Sherwin Alumina Company, LLC, et al., notified the U.S. Bankruptcy
Court for the Southern District of Texas, Corpus Christi Divsion,
that the conclusion of the April 20 Auction, the Debtors, in
consultation with the Official Committee of Unsecured Creditors and
the Prepetition Secured Lender, determined that the bid from Corpus
Christi Alumina LLC, an affiliate of the Prepetition Secured
Lender, was the Successful Bid and that CCA was the Successful
Bidder.

Subject to the terms and conditions of the asset purchase agreement
submitted by CCA, CCA has agreed to purchase substantially all of
the Debtors' assets (other than certain real property and related
assets) for $54.5 million, which includes a credit bid of $50
million and $4.5 million in cash consideration to, in part, fund
the global settlement reached with the Committee.  No Bidder or
consultation party objected to the Debtors' conduct of the Auction,
determination that CCA was the Successful Bidder, and/or decision
to close the Auction.

Stephanie Gleason, writing for Dow Jones' Daily Bankruptcy Review,
said the company received at least one other bid for certain of its
assets from the Port of Corpus Christi Authority.

Glencore said in a statement, "This outcome was one that we long
anticipated. Since its Chapter 11 filing in January, Glencore has
attempted to manipulate the bankruptcy process to retain control of
the facility while attempting to shed as many of its financial
obligations as possible. Corpus Christi Alumina's bid includes a
sum of $4.5 million to make small payments to a far larger pool of
creditor claims. The deal will be included in a reorganization plan
that should be filed soon."

                   About Sherwin Alumina Company

Sherwin Alumina Company, LLC and Sherwin Pipeline, Inc. filed
Chapter 11 bankruptcy petitions (Bankr. S.D. Tex. Case Nos.
16-20012 and 16-20013, respectively) on Jan. 11, 2016.  Thomas
Russell signed the petitions as authorized signatory.  Judge David
R Jones has been assigned the case.

The Debtors have engaged Kirkland & Ellis LLP as general counsel,
Zack A. Clement PLLC as local counsel, Huron Consulting Services
LLC as financial advisor and Kurtzman Carson Consultants LLC as
claims, notice and balloting agent.

Sherwin operates an alumina plant in Gregory, Texas that produces
aluminum oxide (or alumina), which is the primary component of
aluminum, from bauxite.  Sherwin produces alumina through the
"Bayer Process," a refining technique that produces alumina from
bauxite ore by dissolving the bauxite in a caustic solution.

The Debtors, on Feb. 5, 2016, the disclosed total assets of
$254,617,187 and total liabilities of $218,177,760.

The U.S. Trustee appointed five members to the Official Committee
of Unsecured Creditors.  Robin Russell, Esq., Timothy S. McConn,
Esq., and Ashley Gargour, Esq., at Andrews Kurth LLP, in Houston,
Texas, represent the Committee.


SHERWIN ALUMINA: Secures 2 More Bauxite Shipments from Noranda
--------------------------------------------------------------
A federal judge granted in part a motion filed by Sherwin Alumina
Company LLC that would allow the company to secure two bauxite
shipments from Noranda Bauxite Limited.

The order, issued by Judge David Jones of the U.S. Bankruptcy Court
for the Southern District of Texas, required Noranda Bauxite to
deliver two additional bauxite shipments no later than April 30.

                   About Sherwin Alumina Company

Sherwin Alumina Company, LLC and Sherwin Pipeline, Inc. filed
Chapter 11 bankruptcy petitions (Bankr. S.D. Tex. Case Nos.
16-20012 and 16-20013, respectively) on Jan. 11, 2016.  Thomas
Russell signed the petitions as authorized signatory.  Judge David
R Jones has been assigned the case.

The Debtors have engaged Kirkland & Ellis LLP as general counsel,
Zack A. Clement PLLC as local counsel, Huron Consulting Services
LLC as financial advisor and Kurtzman Carson Consultants LLC as
claims, notice and balloting agent.

Sherwin operates an alumina plant in Gregory, Texas that produces
aluminum oxide (or alumina), which is the primary component of
aluminum, from bauxite.  Sherwin produces alumina through the
"Bayer Process," a refining technique that produces alumina from
bauxite ore by dissolving the bauxite in a caustic solution.

The Debtors, on Feb. 5, 2016, the disclosed total assets of
$254,617,187 and total liabilities of $218,177,760.

The U.S. Trustee appointed five members to the Official Committee
of Unsecured Creditors.  Robin Russell, Esq., Timothy S. McConn,
Esq., and Ashley Gargour, Esq., at Andrews Kurth LLP, in Houston,
Texas, represent the Committee.


SKYBRIDGE SPECTRUM: Dr. Leong Wants Ch. 11 Case Dismissed
---------------------------------------------------------
Dr. Arnold Leong asks the U.S. Bankruptcy Court for the District of
Delaware to dismiss Skybridge Spectrum Foundation's Chapter 11
bankruptcy case or to abstain from exercising jurisdiction over the
bankruptcy case.

According to Dr. Leong, the bankruptcy case was commenced in bad
faith.  Dr. Leong asserts that Havens filed the bankruptcy case for
the clear and unequivocal purpose of interfering with the
activities of the Receiver and in an attempt to regain control of
all of the FCC Licenses.  Skybridge and Warren Havens have admitted
that the Debtor has no third party creditors and identify no valid
reorganization purpose for the commencement of the case.

Dr. Leong is represented by:

          Dean A. Ziehl, Esq.
          Jeremy V. Richards, Esq.
          Bradford J. Sandler, Esq.
          Peter J. Keane, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP
          919 North Market Street, 17th Floor
          P.O. Box 8705
          Wilmington, DE 19899-8705
          Telephone: (302) 652-4100
          Facsimile: (302) 652-4400
          E-mail: dziehl@pszjlaw.com
                  jrichards@pszjlaw.com
                  bsandler@pszjlaw.com
                  pkeane@pszj law.com

            About Skybridge Spectrum

Skybridge Spectrum Foundation filed a Chapter 11 bankruptcy
petition (Bankr. D. Del. Case No. 16-10626) on March 11, 2016.
Warren C. Havens signed the petition as president, sole director
and sole member.  The Debtor estimated assets in the range of $100
million to $500 million and debts of up to $500,000. Sullivan
Hazeltine Allinson LLC represents the Debtor as counsel.


SPINNERET ACQUISITIONS: Case Summary & 20 Top Unsecured Creditors
-----------------------------------------------------------------
Debtor: Spinneret Acquisitions, LLC
        5151 Lafayette Street
        Santa Clara, CA 95054

Case No.: 16-51191

Chapter 11 Petition Date: April 21, 2016

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

Judge: Hon. Dennis Montali

Debtor's Counsel: Robert M. Aronson, Esq.
                  LAW OFFICE OF ROBERT M. ARONSON
                  444 S. Flower St #1700
                  Los Angeles, CA 90071
                  Tel: (213) 688-8945
                  Email: robert@aronsonlawgroup.com

Total Assets: $1.27 million

Total Liabilities: $2.32 million

The petition was signed by David McKee, authorized representative.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/canb16-51191.pdf


SPIRIT REALTY: S&P Raises CCR From BB+ on Recent Equity Assurance
-----------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Scottsdale, Ariz.-based Spirit Realty Capital Inc. to
'BBB-' from 'BB+'.  The outlook is stable.

"The upgrade primarily reflects Spirit's recently upsized equity
issuance (which resulted in net proceeds after fees of $369
million), which modestly lowered leverage and is also expected to
accelerate the pace of unencumbering the company's asset base.  We
now project Spirit's unencumbered real estate assets will be at or
slightly above 50% of gross real estate assets by year-end 2016, up
from approximately 47% prior to the equity issuance," said credit
analyst Michael Souers.  "While the company will initially use
proceeds from the equity issuance to repay the term loan and for
approximately $190 million of acquisitions currently in the
pipeline.  We also expect Spirit to pre-pay some 2016 and 2017
mortgages to accelerate the unencumbering of its portfolio."

The stable outlook reflects S&P's view that the company's
same-store portfolio will perform steadily and that a fairly
aggressive appetite for investment growth will continue to be
funded primarily with asset sales and equity issuance.  S&P
projects debt to EBITDA will decline to the mid- to low-6x area,
with FCC rising to the high-2x area over the next 12 to 18 months.

While unlikely over the next two years, S&P could raise the rating
by one notch if the company prudently grows its scale while further
diversifying its tenant base.  Moreover, S&P would like to see the
financial metrics improve such that debt to EBITDA is sustained
below 6x, with FCC rising to the low-3x area.  In addition, S&P
would also need to see the company continue to unencumber its asset
base, providing additional financial flexibility to Spirit's
balance sheet.

While also unlikely over the forecast period, S&P could lower the
rating by one notch if the company's operating performance weakens
materially, potentially caused by a recession that leads to
numerous tenant defaults and vacancies.  In addition, a downgrade
could occur if Spirit acquires properties with more debt financing
than S&P expects, such that debt to EBITDA rises back above 7.0x of
FCC falls back below 2.3x on a sustained basis.



SUNEDISON INC: Bankruptcy Court Okays First Day Motions
-------------------------------------------------------
SunEdison, Inc. on April 22 disclosed that the U.S. Bankruptcy
Court for the Southern District of
New York has granted the relief requested by the Company in key
first day motions related to ordinary course business activities.
This includes the continuation of employee wages and benefits, work
on ongoing projects, and certain vendor payments.  Some of these
motions were granted on an interim basis and the Bankruptcy Court
has scheduled a final hearing for May 10, 2016.

The Court also granted interim approval for the Company to access
up to $300 million in debtor-in-possession (DIP) financing from a
consortium of first and second lien lenders in support of
continuing business operations.

The motions were filed on April 21 in conjunction with voluntary
petitions for reorganization filed by SunEdison and certain of its
domestic and international subsidiaries under Chapter 11 of the
U.S. Bankruptcy Code.

                     About SunEdison, Inc.

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.

On April 21, 2016, SunEdison, Inc. and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rotschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.


SUNEDISON INC: Ecotricity Not Concerned Over Review of Purchase
---------------------------------------------------------------
Jessica Shankleman, writing for Bloomberg Brief, reported that
Ecotricity Group Ltd. said it isn't concerned about a review into
its purchase of SunEdison's British rooftop solar business,
acquired just two weeks before the U.S. solar power company filed
for bankruptcy protection.

Dale Vince, Ecotricity founder, said: "This is an exciting and
important step for Ecotricity. As a company, we want to help more
people generate their own power at home.

"The government's cuts to the feed-in tariff, and its broader
attack on the renewables industry, have caused a significant
problem for companies like SunEdison: we have seen some go bust and
others quit the UK market as a result, losing a lot of jobs as a
result.

"This is our first step into the domestic solar market, and as the
price of the technology continues to fall, we're confident that
it's only a matter of time before we can resume the work SunEdison
started and help more homes take advantage of solar power."

According to the report, SunEdison said in court that creditors may
want independent reviews of some transactions predating its
insolvency.

"We're aware of the review, but have no concerns -- we're excited
to get started," Ecotricity spokesman Max Boon told Bloomberg.  He
said that 800 solar rooftop installations were purchased for a
"seven figure sum."

                        About SunEdison, Inc.

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.

On April 21, 2016, SunEdison, Inc. and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rotschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.


SUNEDISON INC: Hedge Funds May Suffer the Most in Bankruptcy
------------------------------------------------------------
Simone Foxman, Brian Eckhouse and Carol Ko, writing for Bloomberg
Brief, reported that hedge funds played a major role in SunEdison
Inc.'s sharp rise and may now suffer the most from the
renewable-energy giant's plunge into bankruptcy.

According to the report, SunEdison, which was lauded as a victory
for hedge funds that get involved in boardroom affairs, has turned
into a defeat, sparking losses at Altai Capital Management, AQR
Capital Management, Greenlight Capital and Omega Advisors.  Owning
more than half of the company's shares in 2015, according to data
compiled by Bloomberg, hedge funds will probably count SunEdison
among their largest failures of the past year.

The report related that hedge funds helped fuel SunEdison's global
buying binge, championing its strategy of forming public holding
companies called yieldcos to buy its wind and solar farms.  The
vehicles allowed SunEdison to raise additional cash, investors
reasoned, and make deals to achieve its ambition to become the
world's largest renewable-energy company, the report related.

"It was a magic money machine," Gordon Johnson, an analyst at Axiom
Capital Management, a boutique broker-dealer, told Bloomberg.  "If
you were investing in SunEdison, you were betting that the thirst
for yield was going to be good for a while. They had vehicles --
yieldcos -- that could deliver growth and buy SunEdison's
projects."

After piling into the company as its shares soared starting in
2012, hedge funds were blindsided by the impact of the collapse of
energy prices last year, which prompted SunEdison's initial dip
last summer, the report related.  The company's ill-fated agreement
to buy Vivint Solar Inc. in July pushed it into free-fall, from
which it never recovered, the report said.

                        About SunEdison, Inc.

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.

On April 21, 2016, SunEdison, Inc. and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rotschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.


SUNEDISON INC: Meeting to Form Creditors' Panel Set for April 29
----------------------------------------------------------------
William K. Harrington, Acting United States Trustee for Region 2,
will hold an organizational meeting on April 29, 2016, at 10:30
a.m. in the bankruptcy case of SunEdison, Inc., et al.

The meeting will be held at:

         Trump Soho New York
         Soho Ballroom
         246 Spring Street
         New York, NY 10013

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.



SUNEDISON INC: Seeking Equity Partners for India Operations
-----------------------------------------------------------
Anindya Upadhyay, writing for Bloomberg Brief, reported that
SunEdison Inc., the renewable energy company that filed for
bankruptcy protection on April 22 following a $3.1 billion
acquisition binge that left it swimming in debt, vowed to press
ahead with plans to build solar projects in India, tapping equity
partnerships to do so.

"Everyone in India has been partnering for equity," SunEdison
Asia-Pacific President Pashupathy Gopalan said in an interview with
Bloomberg. "We didn't do that in the past, so now we have to do
that.  We have to learn
from our peers and do what others have already done."

                        About SunEdison, Inc.

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.

On April 21, 2016, SunEdison, Inc. and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rotschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.


SUNEDISON INC: Terraform Yieldcos Try to Steer Clear of Bankruptcy
------------------------------------------------------------------
The American Bankruptcy Institute, citing Peg Brickley of The Wall
Street Journal, reported that SunEdison Inc's so-called yieldcos,
TerraForm Power Inc. and TerraForm Global Inc., told a New York
bankruptcy judge that they are solvent, independent and separate
from SunEdison, and they intend to stay that way.

"The yieldcos are not insolvent," the Journal cited the companies'
lawyers as saying in the filing.  The yieldcos' power plant assets
"are worth billions of dollars," and they each have sufficient cash
to finance their operations, pay scheduled payments on their debt
obligations, and pay and make distributions to SunEdison, the
Journal noted.

As yieldcos, the TerraForm companies buy SunEdison's power projects
and feed the cash flow to investors, the Journal related.
SunEdison affiliates operate and maintain the projects, and
SunEdison provides the yieldcos the day-to-day administrative
structure, including employees, real estate and financial reporting
support, the Journal further related.

SunEdison owns about 35% of each of the yieldcos, a stake worth
more than $688 million, but more importantly, SunEdison has voting
control of both companies, which carries with it the power to
determine their destiny, the Journal noted.

                        About SunEdison, Inc.

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.

On April 21, 2016, SunEdison, Inc. and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rotschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.


SUNNYLAND FARMS: Court Directs J. Capussi to Receive Stocks
-----------------------------------------------------------
Jerry Capussi filed a motion to compel the Debtor, Sunnyland Farms,
to issue shares of stock in accordance with Debtor's confirmed
Chapter 11 plan. Capussi argues that the Plan is ambiguous and
should be interpreted to allow him to receive stock rather than
cash. Debtor counters that the Plan requires Capussi to settle for
cash.

In a Memorandum Opinion dated March 28, 2016, which is available at
http://is.gd/lqaNblfrom Leagle.com, Judge David T. Thuma of the
United States Bankruptcy Court for the District of New Mexico
agreed with Capussi's position.

The Court held that the plan is ambiguous because it does not state
whether holders of disputed Class 5 claims, later allowed after the
voting period ends, can elect to receive stock or cash. Using
applicable contract interpretation principles, the Court interprets
the Plan to allow Capussi to make the election after his claim was
determined and allowed in part. He did so.

The case is In re: SUNNYLAND FARMS, INC., Debtor, Case No.
14-10231-t11(Bankr. D.N.M.).

SUNNYLAND FARMS, INC., a New Mexico corporation, Debtor, is
represented by Christopher M. Gatton, Esq. -- Giddens, Gatton &
Jacobus, P.C., George D. Giddens, Jr., Esq. -- Giddens, Gatton &
Jacobus, P.C., H. Jesse Jacobus, III, Esq. -- Law Office of George
"Dave" Giddens, P.C, Denise J. Trujillo, Esq. -- Giddens, Gatton &
Jacobus, P.C..

United States Trustee, U.S. Trustee, is represented by Leonard K.
Martinez-Metzgar.


SWIFT ENERGY: Second Amended Plan Declared Effective April 22
-------------------------------------------------------------
Swift Energy Company informed the U.S. Bankruptcy Court for the
District of Delaware that the Debtors' Second Amended Plan, dated
March 28, 2016, became effective in accordance with its terms, and
the Effective Date occurred, on April 22, 2016.

The Bankruptcy Court confirmed the Plan in an order dated March 30,
2016.

Swift Energy filed with the Court a notice of effective date of the
Plan.  The Notice provides that:

     -- requests for payment of Administrative Claims must be Filed
and served on the Reorganized Debtors, pursuant to the procedures
specified in the Confirmation Order and the notice of entry of the
Confirmation Order, no later than 60 days after the Effective Date.
Holders of Administrative Claims that are required to File and
serve a request for payment of such Administrative Claims and that
do not File and serve such a request by the applicable Bar Date
shall be forever barred from asserting such Administrative Claims
against the Debtors, the Reorganized Debtors or their respective
property and such Administrative Claims shall be deemed discharged
as of the Effective Date. Objections to such requests must be Filed
and served on the requesting party by 120 days after the Effective
Date.

     -- Professionals or other Entities asserting a Fee Claim for
services rendered before the Effective Date must File and serve on
the Reorganized Debtors and such other Entities who are designated
by the Bankruptcy Rules, the Confirmation Order, the Fee Order or
other order of the Bankruptcy Court a Final Fee Application no
later than 60 days after the Effective Date; provided, however,
that any professional who may receive compensation or reimbursement
of expenses pursuant to the Ordinary Course Professionals Order may
continue to receive such compensation and reimbursement of expenses
for services rendered before the Effective Date, without further
Bankruptcy Court review or approval, pursuant to the Ordinary
Course Professionals Order. A Professional may include any
outstanding, non-Filed monthly or interim request for payment of a
Fee Claim pursuant to the Fee Order in its Final Fee Application.
Objections to any Final Fee Application must be Filed and served on
the Reorganized Debtors and the requesting party by the later of
(1) 50 days after the Effective Date or (2) 30 days after the
Filing of the applicable Final Fee Application. To the extent
necessary, the Confirmation Order shall amend and supersede any
previously entered order of the Bankruptcy Court, including the Fee
Order, regarding the payment of Fee Claims. Any pending, Filed
interim requests for a Fee Claim pursuant to the Fee Order shall be
resolved in the ordinary course in accordance with the Fee Order
or, if sooner, in connection with the particular Professional's
Final Fee Application.

The Plan, according to BankruptcyData.com, provides for conversion
of the Company's senior unsecured notes to equity, payment or
satisfaction in full of most of its secured and unsecured creditors
and distribution of equity and warrants in reorganized Swift to
existing shareholders. Swift Energy's D.I.P. lenders converted the
entirety of their $75 million loan to equity and the Company’s
bank group agreed to provide a $320 million reserve-based exit
loan. Post-emergence, Swift Energy's pre-petition senior note
holders, contract rejection claim holders and D.I.P. participants
hold 96% of the New Swift common stock while existing shareholders
hold 4% of the New Swift common stock and receive warrants for an
additional 30% of the New Swift common stock.

A full-text copy of the Plan Confirmation Order is available for
free at http://bankrupt.com/misc/SWIFTplanord0331.pdf

A full-text copy of the Second Amended Plan dated March 28, 2016,
is available at http://bankrupt.com/misc/SWIFTplan0328.pdf

                        About Swift Energy

Headquartered in Houston, Texas, Swift Energy Company is an
independent energy company engaged in the exploration, development,
production and acquisition of oil and natural gas properties.  Its
primary assets and operations are focused in the Eagle Ford trend
of South Texas and the onshore and inland waters of Louisiana.

Swift Energy Company and eight of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-12669 to
15-12677) on Dec. 31, 2015, with a Chapter 11plan of Reorganization
that, among other things, exchanges the approximately $905.1
million outstanding on account of senior notes obligations for 96%
of the common equity in the Reorganized Debtors.

The petitions were signed by Alton D. Heckaman, Jr., the executive
vice president and CFO.  Judge Mary F. Walrath is assigned to the
cases.

Swift Energy Company disclosed total assets of $416,358,243 plus an
undetermined amount and total liabilities of $1,233,022,421 plus an
undetermined amount.  Other Debtors disclosed total assets of $1.02
billion and total debt of $1.34 billion as of Sept. 30, 2015.

The Debtors engaged Jones Day as general counsel; Richards, Layton
& Finger, P.A., as local counsel; Lazard Freres & Co, LLC as
investment banker; Alvarez & Marsal North America LLC as financial
advisor; and Kurtzman Carson Consultants LLC as claims and
noticing agent.

Reed Smith LLP represents the committee.

The Noteholders Group is represented by Domenic E. Pacitti, Esq.,
at Klehr Harrison Harvey Branzburg LLP, in Wilmington, Delaware;
and Morton Branzburg, Esq., at Klehr Harrison Harvey Branzburg
LLP,
in Philadelphia, Pennsylvania; and Joshua A. Sussberg, P.C., Esq.,
and Alexander N. Cross, Esq., at Kirkland & Ellis LLP, in New
York;
and David L. Eaton, Esq., at Kirkland & Ellis LLP, in Chicago,
Illinois.


TEGNA INC: Egan-Jones Withdraws Sr. Unsecured Debt Ratings
----------------------------------------------------------
Egan-Jones Ratings Company withdrew the senior unsecured debt
ratings on TEGNA Inc. on April 15, 2016.

Tegna, Inc. is an American publicly traded broadcast and digital
media company headquartered in McLean, Virginia.



TRANSBRASIL SA: 11th Cir. Affirms Denial of Bid to Unseal Docs
--------------------------------------------------------------
Plaintiffs/Appellants Marigrove, Inc., Cave Creek Holdings, Corp.,
and Cel-Air Incorporated appeal the district court's order
affirming in part and reversing in part the bankruptcy court's
order on their motion to unseal.

The underlying action is a Chapter 15 bankruptcy action, an
ancillary action to assist foreign insolvency proceedings.  The
documents at issue are a collection of motions and orders that
enabled the trustee for the estate of Debtor Transbrasil S.A.
Linhas Aereas to conduct confidential discovery into the allegedly
misappropriated assets of the debtor. The bankruptcy court sealed
the documents to prevent public dissemination of the Trustee's
ongoing investigation. After learning that they were the objects of
several discovery requests submitted to third parties under a "gag
order," the Appellants appeared in the underlying action and moved
to unseal the sealed documents arguing that the documents were
sealed improperly. The bankruptcy court denied the Appellants'
request that previously sealed documents be unsealed but granted
the Appellants' request to the extent that any future documents
would be sealed only upon separate order of the bankruptcy court.
Although this case has a complicated procedural history, only one
issue is before this Court: whether the bankruptcy court abused its
discretion by declining to unseal the documents sealed prior to
April 24, 2014.

In a Decision dated March 3, 2016, which is available at
http://is.gd/0txm2ofrom Leagle.com, the United States Court of
Appeals for the Eleventh Circuit affirmed the decision of the
bankruptcy court.

The Eleventh Circuit found that there is no abuse of discretion in
the bankruptcy court's decision to preserve the seal.

The Eleventh Circuit held, "Under the Bankruptcy Code, any paper
filed in a bankruptcy action is public record and open to
examination. Some categories of information, however, are
specifically excluded from the public record and must be protected
by a bankruptcy court. At issue in this appeal is the statutory
exclusion to "protect an entity with respect to a trade secret or
confidential research, development, or commercial information." The
Trustee argues that the documents should remain sealed because they
reflect the Trustee's confidential research into the allegedly
misappropriated assets of the debtor. The Appellants argue that the
statutory exception for confidential research applies only to
proprietary commercial confidential research."

The Appellants also argue that the bankruptcy court failed to
identify a compelling interest to seal the documents. The Eleventh
Circuit found no support in the statute for the Appellants'
interpretation.

The appeals case is MARIGROVE, INC., CAVE CREEK HOLDINGS, CORP.,
CEL-AIR INCORPORATED, Plaintiffs-Appellants, v. GUSTAVO HENRIQUE
SAUER DE ARRUDA PINTO, ALFREDO LUIZ KUGELMAS, Defendants-Appellees,
No. 15-11596, Non-Argument Calendar (11th Cir.), relating to In re:
TRANSBRASIL S.A. LINHAS AEREAS, Debtor.

                      ABOUT TRANSBRASIL S.A.

Transbrasil S.A. Linheas Areas filed a Chapter 15 petition (Bankr.
S.D. Fla. Case No. 11-19484) in Miami, Florida, on April 7, 2011.

Gustavo Henrique Sauer de Arruda Pinto, acting as co-judicial
administrator or trustee for the bankruptcy estate of Transbrasil,
signed the Chapter 15 petition.

The trustee is asking the Miami court for entry of an order
recognizing as a foreign main proceeding a bankruptcy action
pending before the 19th Civil Court of Sao Paulo, Brazil.

Prior to its bankruptcy, Transbrasil was one of the three largest
airlines in Brazil during the 1980s and 1990s.  It was
incorporated on Jan. 5, 1955, under the name "Sadia S.A.
Transportes Aereos," by Omar Fontana.  Omar was a member of the
Fontana family, owners of one of Brazil's largest business
conglomerates, including its main company Sadia, a leading
producer of frozen food and poultry in Brazil.  While in
operation, Transbrasil provided passenger jet air travel service
to numerous airports within Brazil and to various international
destinations, such as New York, Miami, Orlando, Buenos Aires,
Washington, Amsterdam and London.

On Oct. 20, 1981, Transbrasil formed a wholly-owned subsidiary,
Transbrasil Airlines, Inc., which was incorporated and based in
Florida.  TAI was a major part of Transbrasil's business, as it
handled U.S.-based operations and through it the airplane
accessories and parts for Transbrasil's planes were acquired.
In 1998, Omar Fontana became ill.  As a result, control of
Transbrasil was transferred to others.  Omar, once one of the
wealthiest men in Brazil, died on Dec. 8, 2000, at the age of 73.

The Transbrasil Trustee said in a court filing that since the
transfer of control in 1998, the airline experienced financial
difficulties that became increasingly more dire.  "By December
2001, the Company had run out of cash and credit, it had no fuel
with which to fly its airplanes, was several months behind in
payment of employees' salaries, and had unpaid bills dating to
mid-2000.  Transbrasil continued to operate until it stopped
flying and ceased trading activities on Dec. 3, 2001," the Trustee
said.

"As a result of the financial collapse, the companies that had
leased aircraft to Transbrasil terminated the leases and took back
the leased aircraft, leaving the company with only 3 outdated
Boeing 767 planes.  Due to the ceasing of its operations, many
thousands of customers were left with pre-paid tickets that could
not be used.  As well, thousands of employees were laid off or
stopped receiving salaries, and creditors were left being owed
millions of dollars in unpaid debts."

The Transbrasil Trustee said that to date, he has been able to
procure only limited information as to what happened to
Transbrasil's assets after the collapse.  The assets identified to
date consist mainly of a few airplanes that have been stripped of
parts, some spare parts and some real estate property, some of
which has being seized by Brazilian Labor Courts, the combined
value of which is some US$8 million.  In comparison, the estimated
value of Transbrasil's liabilities is in excess of US$500 million.


TRIBUNE PUBLISHING: Gannett Offers $815 Million
-----------------------------------------------
Gannett Co. made public its proposal to acquire Tribune Publishing
Co. in a deal valued at $815 million.

According to Lukas I. Alpert and Joshua Jamerson, writing for Dow
Jones' Daily Bankruptcy Review, Gannett is offering $12.25 in cash
for each share of Tribune, a 63% premium to the stock's closing
price on April 22.  Including the assumption of Tribune's debt,
Gannett said the deal has a total value of $815 million, the DBR
report said.

Sydney Ember and Leslie Picker, writing for The New York Times'
DealBook, said in recent months, Tribune Publishing Company
installed new executives, overhauled its business strategy,
admitted accounting weaknesses and issued shares to fund an
acquisition that was ultimately rejected by regulators.

The DealBook related that on April 25, Gannett went public with an
unsolicited bid to acquire Tribune Publishing, an offer it had put
forth in a letter on April 12 that was subsequently reviewed by The
New York Times.  After two weeks without a definitive answer from
Tribune Publishing, Gannett decided to go straight to shareholders,
disclosing the bid and corresponding letter, the report said.

"With the challenges we face today, waiting is not really an
option," Bob Dickey, the chief executive and president of Gannett,
told the DealBook in a telephone interview.  "We need to continue
moving our company forward."

Tribune Publishing, which owns newspapers including The Los Angeles
Times and The Chicago Tribune, has hired advisers to consider the
bid, which amounted to $815 million including debt and other
liabilities, the company said in a statement, the report related.

                      *     *     *

The Troubled Company Reporter, on Dec. 9, 2015, reported that
Standard & Poor's Ratings Services said that it lowered its
corporate credit rating on Chicago-based newspaper publisher
Tribune Publishing Co. to 'B' from 'B+'.  The rating outlook is
stable.

At the same time, S&P lowered its issue-level rating the company's
term loan due 2021 to 'B' from 'B+'.  The '3' recovery rating is
unchanged, indicating S&P's expectation for meaningful recovery
(50%-70%; upper half of the range) of principal in the event of a
payment default or bankruptcy.

S&P also lowered its issue-level rating on the company's $140
million asset-based lending (ABL) revolving credit facility due
2019 to 'BB-' from 'BB'.  The '1' recovery rating is unchanged,
indicating S&P's expectation for very high recovery (90%-100%) of
principal in the event of a payment default or bankruptcy.

"The downgrades are based on Tribune's elevated leverage due to
continued top line weakness, higher-than-expected restructuring
expenses, and our view that there is greater volatility in the
company's credit metrics than we had previously expected," said
Standard & Poor's credit analyst Thomas Hartman.  "We expect that
leverage will be in the 4x-5x range in 2015."


TRIDENT RESOURCES: S&P Cuts CCR to 'D' on Skipped Interest Payment
------------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its long-term
corporate credit rating on exploration and production company
Trident Resources Corp. to 'D' from 'CCC-'.

At the same time, Standard & Poor's lowered its issue-level rating
on Trident Exploration Corp.'s senior unsecured notes to 'D' from
'CCC'.  The '2' recovery rating is unchanged, indicating S&P's
expectation of substantial (70%-90%; in the higher end of the
range) recovery in a default scenario.

"The downgrade follows Trident's decision not to pay the interest
on its rated senior unsecured debt, which was due on April 13,
2016," said Standard & Poor's credit analyst Michelle Dathorne.
S&P believes the company will not make this payment before the
30-day grace period ends.  S&P expects Trident will likely
restructure its debt under a plan of arrangement.



TRINITY TOWN: Seeks Authority to Use Sunfield Cash Collateral
-------------------------------------------------------------
Trinity Town Center LLLP seeks authority from the Bankruptcy Court
for interim use of cash collateral to fund the operating expenses
necessary to continue the operation of its business and to maintain
the estate for the next 90 days.

The Debtor tells the Court that Sunfield Homes, Inc., is owed
$12,218,466, and no other creditors hold a superior, valid,
perfected interest in the rents and revenues derived from the
Mortgaged Property, which constitutes Sunfield's Cash Collateral.
As adequate protection to Sunfield, the Debtor proposes to grant to
Sunfield perfected replacement assignment of and lien on the
Debtor's rents and revenues derived from the Mortgaged Property as
of the Petition Date, having the same extent, validity and priority
as existed as of the date of the commencement of the case without
the need to file or execute any other document that otherwise might
be required under applicable non-bankruptcy law.

Trinity Town Center LLLP is represented by:

       Richard J. McIntyre
       McINTYRE THANASIDES BRINGGOLD ELLIOTT GRIMALDI & GUITO,
P.A.
       500 E. Kennedy Blvd., Suite 200
       Tampa, Florida 33602
       Telephone: 813-899-6059
       Facsimile: 813-899-6069
       Email: rich@mcintyrefirm.com

            About Trinity Town Center

Trinity Town Center LLLP is a Florida limited liability limited
partnership, developing, owning and operating the Trinity Town
Center, a real estate project located in Trinity, Florida, that is
intended to be used as a life style center containing retail,
restaurant, financial services, and offices for professional and
medical.

On Jan. 20, 2015, Trinity Town Center LLLP filed a Chapter 11
petition (Bankr. M.D. Fla. Case No. 16-00405) in Tampa, Florida.
The petition was signed by Michael D. Luetgert, the CRO.  The
Debtor has scheduled $25,215,778 in total assets and $21,599,870 in
total liabilities.

The Debtor has tapped McIntyre Thanasides Bringgold Elliot as its
legal counsel.

                *     *     *

The deadline for filing claims is May 9, 2016.


TROJE'S TRASH: Asks Court to Extend Plan Exclusivity to July 5
--------------------------------------------------------------
Judge Kathleen H. Sanberg of the U.S. Bankruptcy Court for the
District of Minnesota will hold a hearing at 10:30 a.m. on April
27, 2016, on the request of Troje's Trash Pick-up, Inc., to extend
by 60 days the exclusive period within which it alone may file a
plan and obtain confirmation of that plan.

Bankruptcy Code Sec. 1121 provides that during the first 120 days
after commencement of the case only the Debtor may file a plan and
the Debtor has a further 60 days within which it alone may solicit
acceptance to a filed plan.  In the case, the Plan Filing Period
expires on May 6, 2016, and the Exclusive Solicitation Period
expires on July 5, 2016.  At the hearing, the Debtor will ask the
Court to extend the Plan Filing Period to July 5, 2016, and the
Exclusive Solicitation Period to September 3, 2016.

The Debtor said "it does not know at present if it will be filing a
plan and a disclosure statement in conjunction with a sale of the
Debtor's assets.  The Debtor is soliciting offers for a sale of its
assets.  The Debtor expects to conduct an auction if multiple
proposals and/or bids are received.  However, the Debtor cannot yet
ascertain whether this will require the filing of a plan and a
disclosure statement.  Accordingly, the Debtor believes it would be
premature, at this point, to file a plan and a disclosure
statement.  Filing a plan and a disclosure statement prior to
knowing the identity of a purchaser of the Debtor's assets will not
serve the best interests of the Debtor, its estate or its
creditors."

The Debtor believes that no creditors or parties in interest will
suffer prejudice by the Court granting the Debtor the extension
sought in this Motion.  In addition, the Debtor believes that the
extension sought will be supported by the Committee of Unsecured
Creditors and the Vermillion State Bank, the Debtor's principle
secured creditor.

The Debtor is represented by:

     Steven B. Nosek, Esq.
     2855 Anthony Lane South, Suite 201
     St. Anthony, MN 55418
     Tel: (612) 335-9171
     E-mail: snosek@noseklawfirm.com

                       About Troje's Trash

Troje's Trash Pick-Up Inc. sought protection under Chapter 11 of
the Bankruptcy Code in the U.S. Bankruptcy Court for the District
of Minnesota (St. Paul) (Bankr. D. Minn., Case No. 16-30037) on
January 7, 2016.  The petition was signed by Dennis Troje,
president.

The Debtor is represented by Steven Nosek, Esq., at Steven B.
Nosek, P.A.  The case is assigned to Judge Kathleen H. Sanberg.

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


TRONOX INC: Bank Debt Trades at 5% Off
--------------------------------------
Participations in a syndicated loan under which Tronox Inc. is a
borrower traded in the secondary market at 95.43
cents-on-the-dollar during the week ended Friday, April 15, 2016,
according to data compiled by LSTA/Thomson Reuters MTM Pricing.
This represents an increase of 1.20 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 15.


TRONOX LIMITED: Moody's Confirms B2 CFR, Outlook Negative
---------------------------------------------------------
Moody's Investors Service confirmed the Corporate Family Ratings of
Tronox Limited at B2, Probability of Default at B2-PD.  Other
ratings confirmed at this time include Tronox Pigments
(Netherlands) B.V. senior secured term loan at B1 and Tronox
Finance LLC senior unsecured bonds at Caa1.  The Speculative Grade
Liquidity Rating of Tronox Limited is unchanged at SGL-2.  The
outlook on the ratings is negative.  These actions conclude the
review begun on Jan. 27, 2016.

Confirmations:

Issuer: Tronox Finance LLC
  Senior Unsecured Regular Bond/Debenture, Confirmed at Caa1
   (LGD5)

Issuer: Tronox Limited
  Probability of Default Rating, Confirmed at B2-PD
  Corporate Family Rating, Confirmed at B2

Issuer: Tronox Pigments (Netherlands) B.V.
  Senior Secured Bank Credit Facility, Confirmed at B1 (LGD3)

Outlook Actions:

Issuer: Tronox Finance LLC
  Outlook, Changed To Negative From Rating Under Review

Issuer: Tronox Limited
  Outlook, Changed To Negative From Rating Under Review

Issuer: Tronox Pigments (Netherlands) B.V.
  Outlook, Changed To Negative From Rating Under Review

                        RATINGS RATIONALE

The confirmation recognizes the extent to which Tronox's metrics
remain stressed for the ratings due to the continued cyclical
weakness in the TiO2 pigment markets, while at the same time
Moody's recognizes the industry-wide price increases proposed and
the strong possibility that a portion of the proposed price
increase might be realized for the first time in a while, beginning
in this current second quarter.  Beyond that, further upside to
prices might be possible as the industry has proposed additional
rounds of price hikes.  However, given the still unfavorable
industry fundamentals, Moody's believes the outlook for TiO2 prices
in the second half of this year remains uncertain and there's still
a reasonable risk that beyond the current seasonally strong first
half prices might slip again.

Helping to offset the market weakness, Tronox continues to
implement significant self-help measures including cost reduction
efforts targeting an additional $50 million in cost savings in
2016, on top of the $60 million achieved in 2015, while the
completion of the Fairbreeze mining project by mid-2016 is expected
to improve smelting operations and contribute to growth in rutile
and zircon earnings beginning in the second half of 2016.
Completion of the project will also allow for a reduction in 2016
capex compared with 2015.  Furthermore, the reduced dividend
earlier this year further supports Tronox's free cash flow and
would help mitigate or minimize any potential cash bleed if TiO2
prices fail to maintain a positive trajectory in the quarters
ahead.

Assuming only a modest increase in realized prices this year,
Moody's estimates that Tronox's free cash flow is likely to be
slightly negative in 2016, before changes in working capital.
However, the company's planned reduction in excess inventories is
expected to provide a $185 million source of cash, resulting in
positive free cash flow and some debt reduction in this scenario in
2016.  Any further upside to prices would be beneficial to cash
flow and debt reduction efforts, Moody's added.

Despite the seriousness of the operating pressures, Tronox
currently has adequate liquidity with balance sheet cash of $229
million at December 31, 2015 and roughly $217 million availability
under the $500 million revolver, plus another $84 million USD
equivalent in its South African revolver, all of which should be
sufficient to finance periods where free cash flow is negative and
carry the company through the medium term, albeit any further
drawings on the revolvers will add to an already heavy debt burden
and further weaken already stressed metrics.  The revolver has no
maintenance covenants (accept for a springing coverage test when
usage exceeds $450 million) and there are no debt maturities until
2020, other than the $16 million annual amortization of the term
loan.  Additional excess inventories could be sold in future years
if necessary and further enhance liquidity, as evidence by the $185
million budgeted source of cash this year.

The negative outlook reflects Moody's concerns that TiO2 prices
might not rise sufficiently to improve metrics overtime or avoid a
cash bleed, ignoring working capital changes.  The negative outlook
also reflects Moody's concern that prices might decline again in
the latter part of the year, although this is not Moody's base case
expectation.

In the absence of meaningful recovery in the TiO2 market that would
facilitate a debt reduction trend, Moody's would likely consider a
downgrade to Tronox's B2 CFR.  Multiple quarters of meaningful
negative free cash flow that cause higher usage on the revolver and
lead to higher total gross debt would also cause us to consider a
downgrade.

Prospects for an upgrade on a fundamental basis are virtually
non-existent at this time.  However, it's plausible that an M&A
event that involves Tronox could result in a balance sheet and
profile that support a higher rating.  M&A activity could also
begin to shift the psychology in the industry and provide a
catalyst for recovery and possible opportunities for industry
rationalization at a faster pace.

The principal methodology used in these ratings was Global Chemical
Industry Rating Methodology published in December 2013.



UNITED PROSPERITY: Selling Biz as Going Concern to Insiders
-----------------------------------------------------------
United Prosperity Group, Inc., doing business as The Produce
Company, filed a Motion for an order of the Court approving the
Debtor's sale of substantially all of its assets to Urban Leaf Co.,
a company owned by its insiders, subject to overbidding.

The posture of this case was contentious from the outset between
the Debtor and the Official Committee of Unsecured Creditors, which
was chaired by the judgment creditor.  Notwithstanding the
foregoing, the parties continued to discuss the case to attempt to
formulate an exit strategy.

Pursuant to prior status conferences in the case, the Debtor and
the Committee advised the Court that proceeding with a plan of
reorganization was not feasible and, instead, the estate should
focus on attempting to effectuate a sale of assets pursuant to
Section 363 of the Bankruptcy Code.  In furtherance of the
foregoing, the Debtor employed, with Court order, GlassRatner
pursuant to a consensual order with the Committee.  The Committee
employed Brian Weiss as transaction manager who would provide the
Court with a neutral and objective opinion as to the highest and
best offer presented to the estate.

Extensive marketing efforts commenced.  GR received numerous
expressions of interest.

Certain parties engaged in due diligence.  At least two separate
parties conducted physical tours of the Debtor's property and its
operations.  One interested party interviewed the Debtor's
personnel, with the supervision or involvement of the Transaction
Manager.

Unfortunately, as of April 4, 2016, the last interested party
expressed to GR that it was not in a position to proceed with a
sale transaction.

In light of the foregoing, GR and the Transaction Manager reached
out to the Debtor's management to enquire whether the insiders
would be interested in submitting an offer to purchase the assets
of the Debtor.  To avoid any disruption to the marketing efforts,
the insiders of the Debtor remained on the sidelines to allow GR
and the Transaction Manager to carry out their efforts.  In light
of the recent request, the Debtor's insiders formulated an offer
for the purchase of the Debtor's assets.  Discussions were held
with GR and the Transaction Manager and the terms were further
revised to address concerns and issues raised.  At the conclusion
of the discussions, the Debtor's insiders, composed of Soo Ming Yee
and Wayman Wong, presented their highest and best offer of the
acquisition of the Debtor's assets, upon the following terms and
conditions, which are incorporated in the Asset Purchase
Agreement:

   1. Soo Ming and Wayman Wong formed a new entity, known as Urban
Leaf Co., a California corporation, to be the buyer for the
assets;

   2. Urban Leaf will acquire substantially all assets of the
Debtor including, without limitation, cash, accounts receivable,
inventory, equipment, intellectual property and all other assets
related to the operations of the Debtor's business;

   3. Urban Leaf will assume all of the Debtor's unexpired leases
and executory contracts related to equipment and other personal
property assets, as set forth in Schedule 1.2.1 to the APA;

   4. Urban Leaf will assume the Debtor's nonresidential real
property lease, which was previously assumed by the estate and
carries administrative liability of approximately $1,044,000, as
set forth in Schedule 1.2.1 to the APA;

   5. Urban Leaf will assume the Debtor's PACA obligations and
liabilities, which fluctuate on a daily basis, but estimated to be
approximately $1,200,000;

   6. Urban Leaf will assume the Debtor's secured obligations
(Umpqua Bank and Wise Worth Consultants) in the aggregate amount of
approximately $400,000;

   7. The Debtor will assume all operational post-petition
obligations (excluding professional fees/costs and US Trustee
fees);

   8. Urban Leaf will pay to the estate $200,000 upon sale
closing;

   9. The sale will be subject to overbid without any breakup fees
or bid protections to Urban Leaf;

  10. Other than the assumption of debt discussed above, in the APA
and Schedule 1.3.1 thereto, the sale will be free and clear of all
other claims and encumbrances, including, without limitation,
successor liability claims; and

  11. Sale will expressly exclude all avoidance claims and causes
of action, which will be preserved by the estate.

The Debtor believes that the foregoing is the best situation for
the estate at this time and based on the current circumstances.  As
the Court is aware, the Committee has filed pleadings to the effect
that the Debtor is running out of funds and, absent a transaction,
the case should be converted to Chapter 7.  If converted to Chapter
7, the business will cease operating and the asset values will
certainly drop.  In addition to the loss of any going concern value
for the Debtor, in the event of conversion to Chapter 7 and
cessation of operations, the estate would likely be faced with the
following additional claims:

   A. Since the Debtor employs over 160 employees, an immediately
cessation and shut down of operations would result in the loss of
livelihood for many individuals.

   B. Since the Debtor employs over 160 employees, an immediately
cessation and shut down of operations would likely result in WARN
Act penalties, all of which would be entitled to administrative
priority due to the fact that the terminations occur postpetition.

   C. The Debtor's current nonresidential real property lease,
which was assumed by the estate, and which runs through January 31,
2019, would result in an administrative claim for unpaid rent
(approx. $28,000 per month) plus cure amount of approx. $148,000.

In light of the foregoing, a conversion to Chapter 7 and/or
cessation of operations would result in drastic harm for the estate
and all creditors.  A sale subject to overbid will ensure that (a)
the going concern value of the assets, no matter how small, is
preserved, (b) the jobs of over 160 individuals are intact, (c)
vendors will continue to have a customer to sell produce to, (d)
the estate will rid itself of substantial senior liabilities; (e)
the estate will receive not less than $200,000 in cash; and (f) the
estate will preserve its avoidance claims and causes of action.

The Debtor proposes that the sale be subject to overbid. In order
to avoid the time and expense associated with setting specific bid
procedures, the Debtor proposes that the Court adopt the following
overbid process:

   1. Any party that is interested in bidding for the Debtor's
assets must present to counsel for the Debtor and counsel for the
Committee proposed asset purchase agreement with the terms upon
which an interested party seeks to acquire the Debtor's assets.
Upon request, counsel for the Debtor will provide an MS Word
version of the APA to such interested party.

   2. Upon receipt of the overbid from an interested party, the
Transaction Manager, Debtor and the Committee will use best efforts
to jointly agree whether the submitted bid is an improvement over
the APA and, if it is, to allow the interested party to bid at the
sale hearing. If an agreement is not reached, the parties can
provide their views and comments to the Court and the Court will
make the decision whether overbidding shall take place.

   3. The Debtor's only request and proposal is that any party that
is interested in bidding must agree on the record of the hearing
that, if selected as the winning bidder, the sale will be "as-is",
"where is", with no representations or warranties and that the
deposit which may be submitted as part of the overbid will be
nonrefundable to the bidder.

Attorneys for the Chapter 11 Debtor:

         David B. Golubchik
         Krikor J. Meshefejian
         LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
         10250 Constellation Boulevard, Suite 1700
         Los Angeles, California 90067
         Telephone: (310) 229-1234
         Facsimile: (310) 229-1244
         E-mail: dbg@lnbyb.com
                 kjm@lnbyb.com

                   About United Prosperity Group

United Prosperity Group, Inc., is a processor that specializes in
providing fresh cut produce (fruits & vegetables) to manufacturers
(to use as ingredients for other products) and distributors (for
further distribution to entities such as restaurants, hotels,
hospitals and airline carriers).

Based on an unfavorable state court ruling and levy efforts by the
judgment creditor, United Prosperity commenced a Chapter 11 case
(Bankr. N.D. Cal. Case No. 15-30897) on July 13, 2015.  The case
judge is Hannah L. Blumenstiel

The Debtor tapped Todd M. Arnold, Esq., at Levene, Neale, Bender,
Yoo & Brill LLP, in Los Angeles, as counsel.

The Debtor estimated assets and debt of $1 million to $10 million.


UTEX INDUSTRIES: S&P Affirms 'CCC+' CCR, Outlook Remains Stable
---------------------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its 'CCC+'
corporate credit rating on UTEX Industries Inc.  The outlook
remains stable.

At the same time, S&P revised the recovery rating on the company's
first-lien debt to '4' from '3'.  The '4' recovery rating indicates
S&P's expectation of average (30%-50%; upper half of the range)
recovery in the event of default.  The issue-level rating remains
'CCC+'.

The second-lien issue-level rating remains 'CCC-', with a recovery
rating of '6', indicating S&P's expectation of negligible (0-10%)
recovery in the event of default.

"The revised recovery rating on the company's first-lien debt
reflects our reassessment of our recovery valuation for UTEX under
our default scenario.  We believe the company's EBITDA under
distressed market conditions will be weaker than our previous
assumption, and has resulted in a lower asset value ultimately
available to creditor claims," said Standard & Poor's credit
analyst Michael Tsai.

S&P's assessment of UTEX's business risk profile is weak.  S&P
considers the company's financial risk profile as highly leveraged
and its liquidity as adequate.  The assessments reflect the
company's limited scale of operations and end-market diversity, its
exposure to the volatile oil and gas E&P sector, above-average
profitability for its peer group, high debt leverage and ownership
by a financial sponsor, and its ability to cut capital spending
significantly.

The stable outlook reflects S&P's expectation that the company will
continue to maintain adequate liquidity over the next year with a
healthy cash balance.  Nevertheless, S&P expects FFO to debt to be
slightly negative in 2016.



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
96.92 cents-on-the-dollar during the week ended Friday, April 15,
2016, according to data compiled by LSTA/Thomson Reuters MTM
Pricing.  This represents an increase of 1.23 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 15.


WBH ENERGY: Castlelake Balks at US Energy's $11.4M Claim
--------------------------------------------------------
Pete Brush, writing for Bankruptcy Law360, reported that private
equity firm Castlelake LP rejected U.S. Energy Development Corp.'s
claim to $11.4 million in the Chapter 11 cases of WBH Energy LP.
Castlelake argued that U.S. Energy has no legal right to payment
after resolving its dispute with WBH Energy tied to prepetition
contracts.

Castlelake bought the WBH Energy debtors' assets in Chapter 11.
The P/E firm and U.S. Energy are set to go to trial April 26 in the
afternoon in Austin, Texas, before U.S. Bankruptcy Judge H.
Christopher Mott, the report notes.

                         About WBH Energy

WBH Energy Partners LLC (Bankr. W.D. Tex. Case No. 15-10004) and
its affiliates -- WBH Energy, LP (Bankr. W.D. Tex. Case No.
15-10003) and WBH Energy GP, LLC (Bankr. W.D. Tex. Case No.
15-10005) separately filed for Chapter 11 bankruptcy protection on
Jan. 4, 2015.  The petitions were signed by Joseph S. Warnock,
vice president.

Judge Christopher Mott presides over WBH Energy, LP's case, while
Judge Tony M. Davis presides over WBH Energy Partners' and WBH
Energy GP's cases.

William A. (Trey) Wood, III, Esq., at Bracewell & Giuliani LLP,
serves as the Debtors' bankruptcy counsel.

WBH Energy, LP, and WBH Energy Partners estimated their assets and
liabilities at between $10 million and $50 million each.  WBH
Energy, LP disclosed $557,045 plus an unknown amount and
$48,950,652 in liabilities as of the Chapter 11 filing.  WBH
Energy GP estimated its assets at up to $50,000, and its
liabilities at between $10 million and $50 million.

The U.S. Trustee for Region 7 appointed seven creditors to serve
On the official committee of unsecured creditors.


WEST RANGE: Selling Hotchkiss, Colorado Property for $137,000
-------------------------------------------------------------
West Range Reclamation, LLC, on April 22, 2016, filed with the U.S.
Bankruptcy Court for the District of Colorado a motion to sell its
improved real property located at 110 East Hotchkiss Avenue,
Hotchkiss, Colorado, to First Mountain Properties LLC for a
purchase price of $137,029.  The contract is scheduled to close on
May 4, 2016, however, the closing date may be extended to May 18,
2016.  A real estate broker's commission of 6% of the gross
purchase price will be paid from the sale proceeds.  The sale
proceeds will be used to pay off Wells Fargo's secured claim of
$119,875.  The Debtor anticipates receiving a small amount of net
proceeds from the sale in the amount of $2,000 or less, depending
on the Wells Fargo balance.

The Debtor's attorney:

          Jenny M.F. Fujii
          KUTNER BRINEN GARBER, P.C.
          1660 Lincoln St., Suite 1850
          Denver, Colorado
          Tel: (303) 832-2400
          Fax: (303) 832-1510

                    About West Range Reclamation

West Range Reclamation, LLC, owns improved real property located at
110 East Hotchkiss Avenue, Hotchkiss, Colorado.

An involuntary Chapter 7 petition was filed against West Range
Reclamation, LLC (Bankr. D. Colo. Case No. 15-13676) on April 9,
2015.  The petitioning creditors were 4 Rivers Equipment LLC and 4
Rivers Leasing, LLC and were represented by Peter A. Cal. --
pcal@sah.com -- in Denver, Colorado.

The Debtor's order for relief and order converting the case to
Chapter 11 of the Bankruptcy Code was entered on Aug. 24, 2015.
The Debtor remains a debtor-in-possession.

West Range listed the property with a value of $140,000 in its
schedules.  The property is subject to a first mortgage held by
Wells Fargo Bank, N.A.


WESTECH CAPITAL: Equity Holders Want Ch. 11 Trustee
---------------------------------------------------
Eric Steinhafel, Robert Clement, Rick Schottenfeld and Arch Aplin,
equity security holders of Westech Capital Corp., move for the
appointment of a Chapter 11 trustee for debtor Westech Capital
Corp.

In their April 21, 2016 motion, the Movants seek the appointment of
a trustee under 11 U.S.C. Sec. 1104 on these two distinct grounds:

   * First, there is cause, including fraud, dishonesty,
incompetence, and gross mismanagement of the affairs of Debtor
before and after the commencement of the case, or similar cause.

   * Second, the Debtor and its control persons are untrustworthy
and riddled with conflicts such that an independent trustee is in
the best interest of the estate, the equity holders, the parties in
interest and the creditors.

According to the Movants, the Chapter 11 proceeding was filed by
conflicted control persons, who seek to maintain control of the
Debtor, despite the fact that the certified schedules of the Debtor
confirm that the Debtor is presently: (1) a non-operating entity;
(2) has substantial cash on hand; and (3) has scheduled assets that
substantially exceed its listed debts.

The Movants contend that the primary purpose of the Chapter 11
filing is not to reorganize and obtain a "fresh start" for the
Debtor, but rather to absolve the conflicted control persons of
substantial personal liability.

The Movants are non-executive, non-Board equity interest holders of
Debtor.

According to the Movants, the control persons of the Debtor include
Gary Salamone, CEO and the representative of Westech who executed
declaration Form 202, and Robert Halder, former President and COO
of Westech, who executed the corporate resolution authorizing
bankruptcy as Secretary of Westech.  Both Salamone and Halder,
however, were involved in a prepetition scheme that diverted the
business of Westech for their personal benefit and caused the
demise of the Company.  Under these circumstances, the appointment
of an independent trustee would allow for proper evaluation and
prosecution of claims (including pending lawsuits) and would
benefit the estate, the equity holders, and the other
parties-in-interest.

On Feb. 25, 2016, three of Movants filed a shareholder derivative
action in Delaware, complaining that the Company's management
willfully denuded the Company and absconded with its business
(Cause No. 12047, or the "Derivative Lawsuit").  At the Defendants'
request, answer dates in the Derivative Lawsuit were extended.
Before the answer became due, however, the Debtor's Voluntary
Petition was filed by the very actors who caused the demise of the
Company for their personal benefit, and whose conduct, along with
that of their counsel, is the subject of the Derivative Lawsuit.

On March 14, 2016, the Chapter 11 petition was filed.  Schedules
associated with the petition show that the company is balance sheet
solvent and is not operating.  The apparent purpose for the filing
is to protect the insiders from pending lawsuits and other claims
arising from their misconduct, which is perpetuated in the Chapter
11.

The fraud, dishonesty, incompetence, gross mismanagement, and other
misconduct of Salamone, the CEO, and Halder, the former President
and COO and now Secretary, include:

   A. Entering into an agreement whereby they purported to cancel
Halder's non-compete with the Company -- in violation of the
Company's by-laws, their fiduciary duties, and the Delaware
Chancery Court's Status Quo Order -- after which Halder left the
Company, hired away the employees of the Company's wholly owned
subsidiary, and took the Company's business to a competitor --
causing the Company to cease operations.

   B. Failing to pursue claims for breach of fiduciary duty against
Halder in connection with his diversion of business away from the
company.  The Delaware Chancery Court, observed sua sponte:

      It is somewhat difficult to understand why what would
seemingly be noncontroversial actions, such as holding board
meetings or preventing former employees from soliciting current
employees away from Westech in contravention of an agreement with
the company, have not been pursued by Westech's fiduciaries.

   C. Halder filing suit against Westech in the State District
Court of Travis County, Texas to, among other things, obtain a
declaration that the Cancellation Agreement was "a binding and
enforceable agreement."  Westech, under the control of Halder and
Salamone then refused to contest such suit.

According to the Movants, Salamone and Halder were aided and
abetted in this conduct by the Greenberg Traurig law firm -- the
largest unsecured creditor of the estate.  Greenberg represented
Salamone, Halder, and Westech.

As a result of the insiders' and the Company's failure to protect
its interests, the Derivative Lawsuit was filed.  The Movants
believe the Derivative Lawsuit to have a value that is many-times
in excess of the Estate's liabilities.  In addition, the sworn
schedules establish that the company is balance-sheet solvent.  The
Movants aver that both facts establish that equity holders are "in
the money," especially if the Derivative Lawsuit is pursued by a
trustee not beholden to the Defendant control persons.

Attorneys for Eric Steinhafel, Robert Clement, Rick Schottenfeld,
and Arch Aplin:

         B. Russell Horton
         D. Douglas Brothers
         GEORGE BROTHERS KINCAID & HORTON, LLP
         114 West 7th Street, Suite 1100
         Austin, Texas 78701
         Tel: 512-495-1400
         Fax: 512-499-0094
         E-mail: rhorton@gbkh.com
                 dbrothers@gbkh.com

                       About Westech Capital

Westech Capital Corp (WTEC:OTC US) is a financial services holding
company.  Its primary business operating subsidiary is Tejas
Securities Group, Inc.

Westech Capital Corp., fka Tejas, Inc., filed for Chapter 11
bankruptcy (Bankr. W.D. Tex. Case No. 16-10300) on March 14, 2016.
The petition was signed by Gary Salamone, CEO.

Westech estimated $1 million to $10 million in both assets and
liabilities.

Stephen A. Roberts, Esq., at Strasburger & Price, serves as
counsel.


XTREME MACHINING: Case Summary & 11 Unsecured Creditors
-------------------------------------------------------
Debtor: Xtreme Machining, LLC
           dba Xtreme Machining
        500 Cooper Avenue
        Grassflat, PA 16839

Case No.: 16-70309

Chapter 11 Petition Date: April 22, 2016

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Johnstown)

Judge: Hon. Jeffery A. Deller

Debtor's Counsel: Kevin J. Petak, Esq.
                  SPENCE, CUSTER, SAYLOR, WOLFE & ROSE, LLC
                  P.O. Box 280
                  Johnstown, PA 15907-0280
                  Tel: 814-536-0735
                  Fax: 814-539-1423
                  E-mail: kpetak@spencecuster.com

                       - and -

                  James R. Walsh, Esq.
                  SPENCE, CUSTER, SAYLOR, WOLFE & ROSE, LLC
           400 U.S. Bank Building
                  P.O. Box 280
                  Johnstown, PA 15907
                  Tel: 814-536-0735
                  Fax: 814-539-1423
                  E-mail: jwalsh@spencecuster.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert A. Zelenky, president.

A list of the Debtor's 11 largest unsecured creditors is available
for free at http://bankrupt.com/misc/pawb16-70309.pdf


ZOHAR CDO 2003: Files Suit Against Patriarch Partners
-----------------------------------------------------
Peg Brickley, writing for Dow Jones' Daily Bankruptcy Review,
reported that new managers at Zohar funds are turning up the heat
on Lynn Tilton's Patriarch Partners, demanding answers about the
health of the $2.5 billion investment funds she managed for years.

According to the report, action in courts in Delaware and New York
reveals loan managers Alvarez and Marsal, which recently took the
helm at the Zohar funds, is struggling to get information from Ms.
Tilton's Patriarch that will show whether the loans are
performing.

In a statement, Patriarch spokesman Richard White labeled "without
merit" suggestions that Patriarch had failed to meet its
obligations to hand over documents to the new management, the
report related.  "Patriarch looks forward to vindicating itself
against these baseless claims in court," the report cited Mr. White
as saying.

The Zohar funds are asking a Delaware judge to order Patriarch to
hand over records so that the funds "and their investors can
understand what collateral they own, what it is worth, and what
their rights and obligations are with respect to each item of
collateral," the report further related.

Another dispute has erupted in New York over $1.5 million in fees
Patriarch says it is entitled to collect, the report said.  Alvarez
& Marsal ordered U.S. Bank, trustee for one of the Zohar funds, to
hold the fees in escrow until Patriarch gives Alvarez & Marsal the
loan records, the report added, citing court filings in New York.

                      About Zohar CDO 2003-1

Patriarch Partners XV, LLC filed involuntary Chapter 11 bankruptcy
petitions against Zohar CDO 2003-1, Corp., Zohar CDO 2003-1,
Limited and Zohar CDO 2003-1, LLC (Bankr. S.D.N.Y. Case Nos.
15-23681 to 15-23682) on Nov. 22, 2015.

Patriarch Partners disclosed that it has filed, through one of its
affiliates, an involuntary Chapter 11 petition for Zohar CDO
2003-1, Limited.  Patriarch is Zohar I's largest creditor, holding
$286.5 million face amount of Zohar I notes.  Patriarch has placed
Zohar I into Chapter 11 in order to protect Zohar I and Patriarch
from the efforts of MBIA Inc. and MBIA Insurance Corporation,
another creditor of Zohar I, to obtain Zohar I's assets for
itself.

Patriarch claimed it has been forced to pursue this route because
of MBIA's fraudulent scheme to induce Patriarch XV to spend over
$103 million to buy out a third-party noteholder in Zohar-I to
facilitate a restructuring of Zohar-I.

Lynn Tilton is CEO of Patriarch.

Patriarch's restructuring counsel is Skadden, Arps, Slate, Meagher
& Flom LLP and its financial advisor is Moelis & Co.


                            *********

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
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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
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Each Friday's edition of the TCR includes a review about a book of
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Monthly Operating Reports are summarized in every Saturday edition
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The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

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

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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