TCR_Public/170617.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, June 17, 2017, Vol. 21, No. 167


AMPLIFY ENERGY: Net Loss Widens to $37.19 Million in April
HHGREGG INC: Incurs $47.76 Million Net Loss in April


AMPLIFY ENERGY: Net Loss Widens to $37.19 Million in April
Amplify Energy Corp. et al., formerly known as Memorial Production
Partners, LP, filed with the U.S. Securities and Exchange
Commission their monthly operating report for April 2017.

The Debtors' statement of operations reflected a net loss of $37.19
million on net revenues of $24.94 million in April, an increase
from the $4.43 million net loss posted for the previous month.

As of April 30, 2017, the Debtors posted total assets of $1.90
billion, total liabilities of $1.86 billion, and total
shareholders' equity of $39.70 million.

The Debtors listed total cash receipts of $34.69 million and total
cash disbursements of $32.72 million for the current reporting

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


            About Memorial Production Partners LP

Houston, Texas-based Memorial Production Partners LP -- was a publicly traded partnership  
engaged in the acquisition, production and development of oil and
natural gas properties in the United States. MEMP's properties
consisted of mature, legacy oil and natural gas fields.  

Memorial Production Partners LP, Memorial Production Finance
Corporation and their debtor-affiliates filed a Chapter 11
(Bankr. S.D. Tex. Lead Case No. 17-30262) on January 16, 2017.
Hon. Marvin Isgur presided over the cases.

The Debtors were represented by Alfredo R. Perez, Esq., at Weil,
Gotshal & Manges LLP, in Houston, Texas; and Gary T. Holtzer,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP, New
York.  The Debtors' financial advisor was Perella Weinberg
LP.  The Debtors' restructuring advisor was Alixpartners, LLP.
Debtors' claims, noticing, and solicitation agent was Rust
Consulting/Omni Bankruptcy.

At the time of filing, the Debtors had estimated assets of $1
billion to $10 billion and estimated debts of $1 billion to $10

                            *     *     *

On April 14, 2017, the Court entered an order approving the Second
Amended Joint Plan of Reorganization of Memorial Production
Partners LP and its affiliated Debtors.  On May 4, 2017, the Plan
became effective pursuant to its terms and the Debtors emerged from
the Chapter 11 Cases.

In connection with the Chapter 11 Cases and the Plan, MEMP and
certain Consenting Noteholders effectuated certain restructuring
transactions, pursuant to which Amplify Energy Corp., a Delaware
corporation, acquired all of the assets of MEMP, and in accordance
with the Plan, MEMP will be dissolved. As a result, the Company
became the successor reporting company to MEMP pursuant to Rule
15d-5 of the Securities Exchange Act of 1934, as amended.

HHGREGG INC: Incurs $47.76 Million Net Loss in April
hhgregg, Inc., et al., filed with the U.S. Securities and Exchange
Commission their monthly operating report for April 2017.

The Debtors' statement of operations showed a net loss of $47.76
million on net sales of $72.42 million for the month.

As of April 30, 2017, the Debtors listed $164.37 million in total
assets, $228.63 million in total liabilities, and $64.26 million in
total shareholders' deficit.

The Debtors started the month with $1.70 million cash.  Cash flows
from operating activities totaled $158,000, cash flows from
investing activities totaled $688,000, and cash flows from
financing activities totaled $860,000.  At month end, the
Debtors had $1.69 million cash.

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


                     About hhgregg Inc.

Indianapolis, Indiana-based hhgregg, Inc. is an appliance,
electronics and furniture retailer. Founded in 1955, hhgregg is a
multi-regional retailer currently with 220 stores in 19 states
that also offers market-leading global and local brands at value
prices nationwide via

hhgregg Inc., Gregg Appliances Inc. and HHG Distributing LLC
sought protection under Chapter 11 of the Bankruptcy Code
(Bankr. S.D. Ind. Lead Case No. 17-01302) on March 6, 2017. The
petition was signed by Kevin J. Kovacs, chief financial officer.

At the time of the filing, hhgregg and HHG Distributing estimated
assets and liabilities of less than $50,000. Gregg Appliances
estimated its assets and liabilities at $100 million to $500

The Debtors engaged Morgan, Lewis & Bockius LLP and Ice Miller LLP
as counsel; Berkeley Research Group, LLC as financial advisor;
Stifel and Miller Buckfire & Co. as investment banker; Hilco IP
Services as intellectual property advisor; Altus Group US, Inc. as
tax advisor; and Donlin, Recano & Company, Inc. as claims and
noticing agent.

The U.S. Trustee has appointed creditors to serve on the official
committee of unsecured creditors in the case of Gregg Appliances,
Inc., Case No. 17-01303-RLM-11.  No official committee has been
appointed in the cases of hhgregg, Inc., No. 17-01302-RLM-11 or HHG
Distributing, LLC, No. 17- 01304-RLM-11.

The Committee hired Cooley LLP and Bingham Greenebaum Doll LLP as
counsel, and ASK LLP as avoidance claims counsel.  Province, Inc.
serves as its financial advisor.

Counsel to the Agent for the Debtors' prepetition secured lenders
and the lenders providing DIP financing are Sean M. Monahan, Esq.,
at Choate, Hall & Stewart LLP; and Jay Jaffe, Esq., at Faegre Baker
Daniels, LLP.

                           *     *     *

hhgregg filed for Chapter 11 bankruptcy, saying it had signed a
term sheet with an anonymous party to purchase the Company assets.

The Company said at that time it expected a quick and smooth
process through Chapter 11 with emergence in approximately 60

Ten days later, hhgregg said it has terminated the nonbinding term
sheet with the anonymous party because the Company was unable to
reach a definitive agreement on terms.  The Company said it
continues to work with interested third parties to purchase assets
of the business.  hhgregg added it had received strong interest
from third parties interested in buying some or all of the
Company's assets.

Subsequently, hhgregg executed a consulting agreement with a
contractual joint venture comprised of Tiger Capital Group, LLC and
Great American Group, LLC to conduct a sale of the merchandise and
furniture, fixtures and equipment located at the Company's retail
stores and distribution centers.  

On April 7, 2017, hhgregg announced that the Bankruptcy Court
approved the Company's initiation of the process to liquidate the
assets of the Company commencing on April 8.  Specifically, the
Court approved, at the Company's request, a plan for the Company to
close 132 retail stores and the Company's distribution centers.  

According to a disclosure with the Securities and Exchange
Commission in March, debtors Gregg Appliances, Inc. and HHG
Distributing, LLC entered into a Consulting Agreement with a
contractual joint venture between Tiger Capital Group and Great
American Group to conduct the sale of the merchandise and
furniture, fixtures and equipment located at the Company's 132
retail stores and the distribution centers. The approval of each
of this plan resulted from the Company's decisions to take the
necessary steps to liquidate the assets of the Company and its
subsidiaries as a part of the Chapter 11 proceedings.

The Company has said it does not anticipate any value will remain
from the bankruptcy estate for the holders of the Company's common
stock, although this will be determined in the continuing
bankruptcy proceedings.


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