TCR_Public/170114.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, January 14, 2017, Vol. 21, No. 13

                            Headlines

BSD MEDICAL: Reports $81,223 Net Loss in November
CHC GROUP: Posts $51.60 Million Net Loss in November
INTERNATIONAL SHIPHOLDING: Incurs $2.44-Mil. Net Loss in November

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BSD MEDICAL: Reports $81,223 Net Loss in November
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BSD Medical Corporation filed with the U.S. Securities and Exchange
Commission its monthly operating report for November 2016.

The Debtor's statement of operations showed a net loss of $81,223
on zero revenue for the month.

As of November 30, 2016, the Debtor listed $3.54 million in total
assets, $2.74 million in total liabilities, and $802,091 in total
shareholders' equity.

At the start of the month, the Debtor had $3.89 million cash.  It
listed total cash receipts of $1,030 and total disbursements of
$730,771.  At month end, the Debtor had $3.16 million cash.

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

                    https://is.gd/YtuNhQ

                     About BSD Medical

BSD Medical Corporation fka Perseon Corporation sought Chapter 11
protection (Bankr. D. Utah Case No. 16-24435) on May 23, 2016, in
Salt Lake City.  Perseon is publicly traded medical technology
developer and manufacturer that is primarily focused on creating
and manufacturing ablation technologies for treating cancer.

The Debtor listed $1 million to $10 million in assets and debt.

The Debtor is represented by Steven T. Waterman, Esq., at Dorsey &
Whitney LLP.  Nixon Peabody LP serves as patents counsel.  The
petition was signed by Clinton E. Carnell Jr., CEO/President.

Chief Judge R. Kimball Mosier is assigned to the case.

No trustee, examiner, or official committee of unsecured creditors
has been appointed in this case.


CHC GROUP: Posts $51.60 Million Net Loss in November
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CHC Group Ltd., et al., filed with the U.S. Securities and Exchange
Commission their monthly operating report for November 2016.

The Debtors listed a net loss of $51.60 million on $67.85 million
of revenue for November.

The Debtors' balance sheet for the month recorded total assets of
$2.84 billion, total current liabilities of $343.95 million, total
non-current liabilities of $3.46 billion, convertible preferred
shares of $643.97 million, and total shareholders' deficit of $1.60
billion.

The Debtors had $164.17 million cash at the start of the
month. They listed $73.37 million in total receipts and $94.35
million in total disbursements.  Disbursements include $9.48
million in professional & UST fees.  Taking into account $684,209
million in revaluation of non-USD cash balances, the Debtors had
$142.51 million cash at month end.

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

                 https://is.gd/4diBTW

                  About CHC Group Ltd.

Headquartered in Irving, Texas, CHC Group Ltd. (OTC PINK: HELIQ) 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.

The Debtors 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.

The Creditors Committee's attorneys are Marcus A. Helt, Esq., and
Mark C. Moore, at Gardere Wynne Sewell LLP, and Douglas H. Mannal,
Esq., Gregory A. Horowitz, Esq., and Anupama Yerramalli, Esq., at
Kramer Levin Naftalis & Frankel LLP.

Angelo, Gordon & Co. and Cross Ocean Partners, which either hold
claims or manage funds and accounts that hold claims against the
Debtors' estates arising on account of the 9.25% Senior Secured
Notes due 2020 issued under the Indenture, dated as of Oct. 4,
2010, by and among CHC Helicopter S.A., as issuer, each of the
guarantors named therein, HSBC Corporate Trustee Company (UK)
Limited, as collateral agent, and the Bank of New York Mellon, as
indenture trustee, are represented by Jones Day.


INTERNATIONAL SHIPHOLDING: Incurs $2.44-Mil. Net Loss in November
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International Shipholding Corporation filed with the U.S.
Securities and Exchange Commission its monthly operating report for
November 2016.

The Debtor's statement of operations showed a net loss of $2.44
million on $16.57 million of total revenue for the month.

As of November 30, 2016, the Debtor listed total assets of $261.58
million, $41.84 million in total post-petition liabilities, $160.64
million in total pre-petition liabilities, and $59.09 million in
total shareholders' equity.

At the start of the month, the Debtor had $13.36 million cash.  It
listed total cash receipts of $33.80 million and a total
disbursements of $36.96 million.  At month end, the Debtor had
$10.20 million cash.

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

                    https://is.gd/5jigMj

               About International Shipholding

International Shipholding Corp. was engaged in waterborne cargo
transportation and maintained a diversified customer base with
emphasis on medium and long term contracts.  ISH was founded in
1947 when the Johnsen family purchased a Liberty Ship after the
establishment of the War Ship Act of 1946 and became a public
company in 1979.  Through its Debtor and non-Debtor subsidiaries,
International Shipholding now operates a diversified fleet of 21
U.S. and foreign flag vessels that provide domestic and
international maritime transportation services to commercial and
governmental customers primarily under medium to long-term
contracts.  As of the Petition Date, International Shipholding
maintained offices in Mobile, Alabama, New Orleans, Louisiana, New
York, New York, and Tampa, Florida, as well as a network of
agencies in major cities worldwide.

ISH, which was formed as a Delaware corporation in 1978 and became
a public company in 1979, is the ultimate corporate parent of the
International Shipholding family of companies.  International
Shipholding's fleet is operated by ISH's principal Debtor and
non-Debtor subsidiaries, including Central Gulf Lines, Inc.,
Waterman Steamship Corporation, Enterprise Ship Company, Inc., U.S.
United Ocean Services, LLC, CG Railway, Inc., LCI Shipholdings,
Inc., Sulphur Carriers, Inc., and East Gulf Shipholding, Inc.
Certain other of ISH's Debtorsubsidiaries, including LMS
Shipmanagement, Inc. and N. W. Johnsen & Co., Inc., provide ship
management, ship charter brokerage, agency and other specialized
services.  C.G. Railway Inc., Cape Holding LTD, Dry Bulk Cape
Holding, Inc., East Gulf Shipholding, Inc., MPV Netherlands C.V.,
MPV Netherlands Cooperatief U.A., MPV Netherlands B.V., Bulk
Shipholding Inc., and Terminales Transgolfo S.A. de C.V. are not
debtors in these Chapter 11 cases.

International Shipholding Corp. filed a Chapter 11 petition
(Bankr. S.D.N.Y. Case No. 16-12220) on July 31, 2016.  Its
affiliated Debtors also filed separate Chapter 11 petitions.  The
petitions were signed by Manuel G. Estrada, vice president and
chief financial officer.

The Debtors are represented by David H. Botter, Esq., Sarah Link
Schultz, Esq., and Travis A. McRoberts, Esq., at Akin Gump Strauss
Hauer & Feld LLP.  The Debtors' Restructuring Advisor is Blackhill
Partners, LLC.  Their Claims, Noticing & Balloting Agent is Prime
Clerk LLC.

The Debtors disclosed total assets at $305.1 million and total
debts at $226.8 million as of March 31, 2016.

William K. Harrington, the U.S. Trustee for the Southern District
of New York, on Sept. 1, 2016, appointed three creditors to serve
on the official committee of unsecured creditors of International
Shipholding Corporation.  The Committee hires Pachulski Stang
Ziehl & Jones LLP as counsel, and AMA Capital Partners, LLC as
financial advisor.


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