TCR_Public/180217.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, February 17, 2018, Vol. 22, No. 47


ICPW LIQUIDATION: Swings to $11.03 Million Net Income in November
WALTER INVESTMENT: Reports $138.01 Million Net Loss in December


ICPW LIQUIDATION: Swings to $11.03 Million Net Income in November
ICPW Liquidation Corporation formerly known as Ironclad Performance
Wear Corporation filed with the U.S. Securities and Exchange
Commission its monthly operating report for November 2017.

The Debtor posted a net income of $11,026,525 on $466,496 of
revenue for November, as compared to $1,383,780 net loss reported
for the previous month.

The Debtor posted $18.08 million in total assets, $3.87 million in
total liabilities, and $14.21 million in total shareholders' equity
as of November 30, 2017.

At the beginning of the month, the Debtor had $269,026 beginning
cash balance.  It listed total receipts of $1,531,498 and total
disbursements of $1,586,538.  Thus, the Debtors ended the month
with $213,987 cash.

A copy of the monthly operating report is available at:


             About Ironclad Performance Wear

Ironclad Performance Wear Corporation (otc pink:ICPWQ) designs and
manufactures branded performance work wear for a variety of
construction, do-it-yourself, industrial, sporting goods and
general services markets.  Since inception, the company has
leveraged its proprietary technologies to design task-specific
technical gloves and performance apparel designed to improve the
wearer's ability to perform specific job functions.

Ironclad's gloves are available through industrial suppliers,
hardware stores, home centers, lumber yards, and sporting goods
retailers nationwide; and through authorized distributors in North
America, Europe, Australia, Middle East, Asia and South America.

Ironclad Performance Wear Corp, a California corporation and
Ironclad Performance Wear Corp, a Nevada corporation sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. C.D.
Cal. Case Nos. 17-12408 and 17-12409) on Sept. 8, 2017.  Geoffrey
L. Greulich, chief executive officer, signed the petitions.  The
cases are jointly administered and are assigned to Judge Martin R.

Ironclad California estimated assets of $10 million to $50 million
and liabilities of $1 million to $10 million.  In its schedules,
Ironclad Nevada disclosed $16.6 million in assets and $8.05 million
in debt.

Levene, Neale, Bender, Yoo & Brill L.L.P serves as counsel to the
Debtor.  Craig-Hallum Capital Group LLC is the Debtor's financial

On Sept. 22, 2017, the U.S. Trustee appointed an official committee
of unsecured creditors in the Debtors' cases.  The committee hired
Brown Rudnick LLP as its legal counsel; and Province Inc. as
financial advisor.

An Official Committee of Equity Security Holders also has been
established in the case.  The equity panel retained Dentons US LLP
as counsel.

WALTER INVESTMENT: Reports $138.01 Million Net Loss in December
Walter Investment Management Corp. filed with the U.S. Securities
and Exchange Commission its amended monthly operating report for
December 2017.

The Debtor's statement of operations showed a net loss of $138.01
million for the month.

As of December 31, 2017, the Debtor listed $1.61 billion in total
assets, $2.05 billion in total liabilities, and -$444.12 million in
total shareholders' equity.

At December 1, 2017, the Debtor had a $458,040 beginning cash
balance.  It listed total cash receipts of $5,562,191 and total
cash disbursements of $5,514,185 for the month.  The Debtor had
$506,046 ending cash balance at December 31.

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


                   About Walter Investment

Based in Fort Washington, Pennsylvania and established in 1958,
Walter Investment Management Corp., formerly known as Walter
Investment Management LLC -- is
a diversified mortgage banking firm focused primarily on servicing
and originating residential loans, including reverse loans.  The
company services a wide array of loans across the credit spectrum
for its own portfolio and for GSEs, government agencies,
third-party securitization trusts and other credit owners.  The
company originates and purchases residential loans that it
predominantly sells to GSEs and government entities.

Walter Investment commenced a prepackaged Chapter 11 case (Bankr.
S.D.N.Y. Lead Case No. 17-13446) with a plan of reorganization
where the Company commits to reduce its outstanding corporate debt
by approximately $806 million through a combination of cancellation
of debt ($531 million) and principal pay-downs ($275 million).

As of Sept. 30, 2017, the Debtor had total assets of $14.97 billion
and total debt of $15.21 billion.

The case is assigned to Hon. James L. Garrity Jr.

Weil, Gotshal & Manges LLP, is the Debtor's counsel, with the
engagement led by Sunny Singh, Esq., Ray C. Schrock, P.C., and
Joseph H. Smolinsky, Esq.  The Debtor's investment banker is
Houlihan Lokey Capital, Inc.  The Debtor's restructuring advisor is
Alvarez & Marsal North America, LLC.  The Debtor's claims and
noticing agent is Prime Clerk LLC.


Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through  Go to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week

TCR subscribers have free access to our on-line news archive.
Point your Web browser to use
the e-mail address to which your TCR is delivered to login.


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,

Copyright 2018.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***