TCR_Public/160910.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, September 10, 2016, Vol. 20, No. 254

                            Headlines

CHC GROUP: Posts $102.90 Million Net Loss In July
HORSEHEAD HOLDING: Suffers $6.53 Million Net Loss in July
LIFE PARTNERS: Posts $615,822 Net Loss in July
NEPHROGENEX INC: Posts $415,222 Net Loss in July
PEABODY ENERGY: Net Loss Increases to $55.3 Million in July

REPUBLIC AIRWAYS: Gains $300,000 Net Income in July
WARREN RESOURCES: Lists $10.16 Million Net Loss in June
WARREN RESOURCES: Net Loss Decreases to $6.11 Million in July

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CHC GROUP: Posts $102.90 Million Net Loss In July
-------------------------------------------------
CHC Group Ltd., et al., filed with the U.S. Securities
and Exchange Commission their monthly operating report for July
2016.

The Debtors suffered a net loss of $102.90 million on $77.21
million of revenue for the month.

The Debtors' balance sheet for the month recorded total assets of
$2.87 billion, total current liabilities of $195.48 million, total
non-current liabilities of $2.78 billion, convertible preferred
shares of $643.97 million, and total shareholders' deficit of
$744.96 million.

The Debtors had $187.48 million cash at the start of the
month. They listed $69.10 million in total receipts and $66.21
million in total disbursements.  Disbursements include $2.48
million in professional & UST fees.  Taking into account $394,681
in revaluation of non-USD cash balances, the Debtors had $190.77
million cash at month end.

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

                 https://is.gd/XPpulX

                 About CHC Group Ltd.

Headquartered in Irving, Texas, CHC is a global commercial
helicopter services company primarily servicing the offshore oil
and gas industry. CHC maintains bases on six continents with major
operations in the North Sea, Brazil, Australia, and several
locations across Africa, Eastern Europe, and South East Asia. CHC
maintains a fleet of 230 medium and heavy helicopters, 67 of which
are owned by it and the remainder are leased from various
third-party lessors.

CHC Group Ltd. and 42 of its wholly-owned subsidiaries each filed
a voluntary petition for relief under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Tex. Case No. 16-31854) on May 5, 2016. As of
Jan. 31, 2016, CHG had $2.16 billion in total assets and $2.19
billion in total liabilities. The Debtors have hired Weil, Gotshal
& Manges LLP as counsel, Debevoise & Plimpton LLP as special
aircraft counsel, PJT Partners LP as investment banker, Seabury
Corporate Advisors LLC as financial advisor, CDG Group, LLC as
restructuring advisor, and Kurtzman Carson Consultants LLC as
claims and noticing agent.

The Office of the U.S. Trustee on May 13, 2016, appointed five
creditors of CHC Group Ltd. to serve on the official committee of
unsecured creditors.


HORSEHEAD HOLDING: Suffers $6.53 Million Net Loss in July
---------------------------------------------------------
Horsehead Holding Corp. and its subsidiaries filed with the U.S.
Securities and Exchange Commission their monthly operating report
for July 2016.

The Debtors incurred a consolidated net loss of $6.53 million on
$26.94 million net sales for the month, as compared to $10.16
million net loss reported for June.

The Debtors' consolidated balance sheet showed $366.22 million in
total assets, $117.38 million in total current liabilities, $263.21
million in liabilities subject to compromise - secured debt, $2.10
million in liabilities subject to compromise - priority debt,
$212.04 million in liabilities subject to compromise – unsecured
debt (AP & AL), and -$246.92 million in total shareholders' equity
as of July 31, 2016.

The Debtors started the month with $16.22 million cash.  They
listed $29.85 million in total receipts and $34.34 million in total
disbursements.  Disbursements include $2.67 million in professional
fees.  Taking into account $7 million in DIP Facility Drawdown, the
Debtors had $18.73 million cash at month end.

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

                    https://is.gd/3p0Ja3

                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 recycler of electric arc furnace dust; The
International Metals Reclamation Company, LLC, 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.

Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of Horsehead Holding Corp. to serve on the official
committee of unsecured creditors. Lowenstein Sandler LLP serves as
counsel to the Committee, while Drinker Biddle & Reath LLP serves
as co-counsel. The Unsecured Creditors Committee is represented by
Kenneth A. Rosen, Esq., Bruce Buechler, Esq., and Philip J. Gross,
Esq., at Lowenstein Sandler LLP.

The U.S. Trustee's office appointed Aquamarine Capital and six
others to serve on Horsehead Holding Corp.'s committee of equity
security holders.


LIFE PARTNERS: Posts $615,822 Net Loss in July
----------------------------------------------
Life Partners Holdings, Inc., filed with the U.S. Securities and
Exchange Commission their monthly operating report for July 2016.

The Debtor listed a net loss of $615,822 on zero revenue for the
month.

As of July 31, 2016, the Debtor had $244,388 in total
assets, $4.77 million in total liabilities, and -$4.52 million in
total stockholders' equity.

The Debtor had $20,771 cash at the start of the month.  It
reported total disbursements of $12,434 and zero receipts.  Thus,
the Debtor had $8,336 ending cash balance at July 31, 2016.

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

               https://is.gd/lAYmVM  

            About Life Partners Holdings

Headquartered in Waco, Texas, Life Partners Holdings, Inc. --
http://www.lphi.com/-- is the parent company engaged in the    
secondary market for life insurance, commonly called "life
settlements."  Since its incorporation in 1991, Life Partners,
Inc., has completed over 162,000 transactions for its worldwide
client base of over 30,000 high net worth individuals and
institutions in connection with the purchase of over 6,500
policies totaling over $3.2 billion in face value.

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

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

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

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

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

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

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

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


NEPHROGENEX INC: Posts $415,222 Net Loss in July
------------------------------------------------
NephroGenex, Inc., on Aug. 23, 2016, filed with the U.S. Securities
and Exchange Commission its monthly operating report for July
2016.

The Debtor reported a net loss of $415,222 on zero revenue for the
month.

As of July 31, 2016, the Debtor posted total assets of
$6.76 million, total liabilities of $5.93 million, and $838,217 in
total owners' equity.

The Debtor started the month with $4.32 million cash.  They
listed $3 in total receipts and $277,547 in total disbursements.
At month end, the Debtor had $4.04 million cash.

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

                    https://is.gd/yy6fNA

                    About Nephrogenex Inc.

Raleigh, N.C.-based NephroGenex, Inc., is a drug development
company that focuses on developing novel therapies for kidney
disease.  It develops Pyridorin (pyridoxamine dihydrochoride), a
therapeutic agent, which is in Phase III clinical study for the
treatment of diabetic nephropathy.

It filed for Chapter 11 bankruptcy protection (Bankr. D. Del. Case
No. 16-11074) on April 30, 2016, listing $4.9 million in total
assets as of April 30, 2016, and $6.2 million in total debts as of
April 30, 2016.  The petition was signed by John P. Hamill, chief
executive officer and chief financial officer.

David R. Hurst, Esq., at Cole Scotz P.C. serves as the Debtor's
bankruptcy counsel.

Cassel Salpeter & Co. LLC is the Debtor's investment banker and
financial advisor.

Kurtzman Carson Consultants LLC is the Debtor's claims and noticing
agent.


PEABODY ENERGY: Net Loss Increases to $55.3 Million in July
-----------------------------------------------------------
Peabody Energy Corporation, et. al., filed with the U.S. Securities
and Exchange Commission their corporate monthly operating report
for July 2016.

The Debtors' consolidated statement of operations reported a net
loss of $55.3 million on $358.4 million total revenues in July, as
compared to $40.4 million net loss reported for the previous
month.

As of July 31, 2016, the Debtors posted consolidated total assets
of $12.13 billion, consolidated total liabilities of $11.55
billion, and $579.6 million in consolidated total shareholders'
equity.

The Debtors listed $240.3 million in total cash receipts and $159.5
million in total cash disbursements for July.

A copy of the corporate monthly operating report is available at
the SEC at https://is.gd/XunuvU

              About Peabody Energy Corporation

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $919 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

The Office of the U.S. Trustee on April 29 appointed seven
creditors of Peabody Energy Corp. to serve on the official
committee of unsecured creditors.  The Committee retained Morrison
& Foerster LLP as counsel, Spencer Fane LLP as local counsel,
Curtis, Mallet-Prevost, Colt & Mosle LLP as conflicts counsel,
Blackacre LLC as its independent expert, and Berkeley Research
Group, LLC, as financial advisor.


REPUBLIC AIRWAYS: Gains $300,000 Net Income in July
---------------------------------------------------
Republic Airways Holdings Inc., et al., filed with the U.S.
Securities and Exchange Commission their monthly operating report
for July 2016.

The Debtors' statement of operations reflected a net income of $.3
million on $96.4 million of total operating revenues in July, a
swing from $16.2 million net loss reported for the previous month.

As of July 31, 2016, the Debtors had $3.43 billion in total
assets, $413.2 million in total current liabilities, $625.9 million
in liabilities subject to compromise, and $323.6 million in total
stockholders' equity.

The Debtors had $149.3 million cash at the start of the month.
They listed $25.3 million cash from operating activities, $.5
million cash used in investing activities, and $36.1 million cash
used in financing activities.  Thus, the Debtors had $138 million
cash at July 31.

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

                     https://is.gd/IgzYF7
      
                    About Republic Airways

Based in Indianapolis, Indiana, Republic Airways Holdings Inc.,
(OTCMKTS:RJETQ) owns Republic Airline and Shuttle America
Corporation. Republic Airline and Shuttle America --
http://www.rjet.com/-- offer approximately 1,000 flights daily to  
105 cities in 38 states, Canada, the Caribbean and the Bahamas
through Republic's fixed-fee codeshare agreements under our major
airline partner brands of American Eagle, Delta Connection and
United Express. The airlines currently employ about 6,000 aviation
professionals.

Republic Airways Holdings Inc. and six affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No.
16-10429) on Feb. 25, 2016.  The petitions were signed by Joseph P.
Allman as senior vice president and chief financial officer. Judge
Sean H. Lane has been assigned the cases.

As of Jan. 31, 2016, on a consolidated basis, Republic had assets
and liabilities of $3,561,000,000 and $2,971,000,000 (unaudited),
respectively.

Zirinsky Law Partners PLLC and Hughes Hubbard & Reed LLP are
serving as Republic's legal advisors in the restructuring.  Seabury
Group LLC is serving as financial advisor.  Deloitte & Touche LLP
is the independent auditor.  Prime Clerk is the claims and noticing
agent.

The U.S. Trustee for Region 2 appointed seven creditors of Republic
Airways Holdings Inc. to serve on the official committee of
unsecured creditors.  The Committee retained Morrison & Foerster
LLP as attorneys and Imperial Capital, LLC, as investment banker
and co-financial advisor.


WARREN RESOURCES: Lists $10.16 Million Net Loss in June
-------------------------------------------------------
Warren Resources, Inc., et al., filed with the U.S. Securities
and Exchange Commission their monthly operating report for June
2016.

The Debtors suffered a net loss of $10.16 million on $4.99 of
revenues for the month.

The Debtors' balance sheet for the month recorded total assets of
$190.34 million, total liabilities of $557.37 million, and total
shareholders' equity of -$367.03 million.

The Debtors had $12.86 million cash at the start of the month. They
posted total receipts of $8.51 million and total disbursements of
$10.30 million. At month end, the Debtors had $11.07 million cash.

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

                 https://is.gd/5xhQpy

              About Warren Resources, Inc.

Warren Resources Inc., is an independent energy company engaged in
the exploration, development and production of domestic onshore
crude oil and natural gas reserves.  It is primarily focused on the
development of its waterflood oil recovery properties in the
Wilmington field within the Los Angeles Basin of California, its
position in the Marcellus Shale gas in northeastern Pennsylvania
and its coalbed methane, or CBM, natural gas properties located in
Wyoming.

Warren Resources, Inc., Warren E&P, Inc., Warren Resources of
California, Inc., Warren Marcellus LLC, Warren Energy Services,
LLC, and Warren Management Corp. each filed a voluntary petition
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Lead
Case No. 16-32760) on June 2, 2016.  The Debtors listed total
assets of $230 million and total debt of $545 million.

The Debtors have hired Andrews Kurth LLP as counsel, Jefferies LLC
as investment banker, Deloitte Transactions and Business Analytics
LLP as restructuring advisor and Epiq Bankruptcy Solutions, LLC as
claims, balloting and noticing agent.

Judge Marvin Isgur has been assigned the cases.

An official committee of unsecured creditors has not yet been
appointed in these cases by the Office of the United States
Trustee.



WARREN RESOURCES: Net Loss Decreases to $6.11 Million in July
-------------------------------------------------------------
Warren Resources, Inc., et al., filed with the U.S. Securities and
Exchange Commission their monthly operating report for July 2016.

The Debtors reported a net loss of $6.11 million on $5.65 million
of revenue for July, a decrease from $10.16 million net loss posted
in June.

As of July 31, 2016, the Debtors posted total assets of
$189.21 million, total liabilities of $562.65 million, and -$373.44
million in total owners' equity.

The Debtors started the month with $11.07 million cash.  They
listed $6.16 million in total receipts and $5.86 million in
total disbursements.  At month end, the Debtors had $11.37
million cash.

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

                    https://is.gd/XhLqJ7

                   About Warren Resources

Warren Resources Inc., is an independent energy company engaged in
the exploration, development and production of domestic onshore
crude oil and natural gas reserves.  It is primarily focused on the
development of its waterflood oil recovery properties in the
Wilmington field within the Los Angeles Basin of California, its
position in the Marcellus Shale gas in northeastern Pennsylvania
and its coalbed methane, or CBM, natural gas properties located in
Wyoming.

Warren Resources, Inc., Warren E&P, Inc., Warren Resources of
California, Inc., Warren Marcellus LLC, Warren Energy Services,
LLC, and Warren Management Corp. each filed a voluntary petition
under Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Proposed
Lead Case No. 16-32760) on June 2, 2016.  The Debtors listed total
assets of $230 million and total debt of $545 million.

The Debtors have hired Andrews Kurth LLP as counsel, Jefferies LLC
as investment banker, Deloitte Transactions and Business Analytics
LLP as restructuring advisor and Epiq Bankruptcy Solutions, LLC as
claims, balloting and noticing agent.

Judge Marvin Isgur has been assigned the cases.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
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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
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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
of the TCR.

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

                            *********

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Troubled Company Reporter is a daily newsletter co-published
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