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         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

                            Headlines

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

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ICPW LIQUIDATION: Swings to $11.03 Million Net Income in November
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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:

                  https://is.gd/GP57xU

             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.
Barash.

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
advisor.

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
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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:

                    https://is.gd/SdRJE1

                   About Walter Investment

Based in Fort Washington, Pennsylvania and established in 1958,
Walter Investment Management Corp., formerly known as Walter
Investment Management LLC -- http://www.walterinvestment.com/-- 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.


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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
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Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
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