/raid1/www/Hosts/bankrupt/TCR_Public/180922.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 22, 2018, Vol. 22, No. 264

                            Headlines

CHINA FISHERY: Reports Negative Cash Flow of $93,894 in August
LEGAL COVERAGE: Reports Net Profit of $4.1 Million in August
TOPS HOLDING II: Incurs $5.3 Million Net Loss in 26 Days

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CHINA FISHERY: Reports Negative Cash Flow of $93,894 in August
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BankruptcyData.com reported that China Fishery Group filed with the
U.S. Bankruptcy Court a monthly operating report for August 2018.
For the month, the Debtors reported a $23,267 net loss on zero net
revenue. The Debtor further reported $23,255 in total operating
expense and in EBITDA. Consolidated Debtors' cash at the beginning
and end of the month was $126,760 and $220,654, respectively, with
negative net cash flow of $93,894. The consolidated Debtors also
reported cash disbursements of $6,048, comprised principally of
$232 in legal and professional fees, on $99,942 in cash receipts
during the month.

           About China Fishery Group Limited (Cayman)

China Fishery Group Limited (Cayman) and its affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Lead Case No. 16-11895) on June 30, 2016.

In the petition signed by CEO Ng Puay Yee, China Fishery Group
estimated its assets at $500 million to $1 billion and debt at $10
million to $50 million.

The cases are assigned to Judge James L. Garrity Jr.

Weil, Gotshal & Manges LLP has been tapped to serve as lead
bankruptcy counsel for China Fishery and its affiliates other than
CFG Peru Investments Pte. Limited (Singapore).  Weil Gotshal
replaces Meyer, Suozzi, English & Klein, P.C., the law firm
initially hired by the Debtors.  The Debtors have also tapped
Klestadt Winters Jureller Southard & Stevens, LLP, as conflict
counsel; Goldin Associates, LLC, as financial advisor; RSR
Consulting LLC as restructuring consultant; and Epiq Bankruptcy
Solutions, LLC, as administrative agent.  Kwok Yih & Chan serves as
special counsel.

On Nov. 10, 2016, William Brandt, Jr., was appointed as Chapter 11
trustee for CFG Peru Investments Pte. Limited (Singapore), one of
the Debtors.  Skadden, Arps, Slate, Meagher & Flom LLP serves as
the trustee's bankruptcy counsel; Hogan Lovells US LLP serves as
special counsel; and Quinn Emanuel Urquhart & Sullivan, LLP, serves
as special litigation counsel.


LEGAL COVERAGE: Reports Net Profit of $4.1 Million in August
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BankruptcyData.com reported that Legal Coverage Group filed with
the U.S. Bankruptcy Court a monthly operating report for August
2018. For the month, the Debtors reported a net profit of $4.1
million on $27,323 in net revenue. The net profit largely reflects
proceeds of $4.0 from the sale of two properties. The Debtors also
reported $37,845 in total operating expenses before depreciation.
Cash at the beginning and end of the month was $331,909 and $4.4
million [The M.O.R. contains an interesting handwritten footnote to
the "Cash – end of month" line item which reads: "*Bank balance
of $256,000.00 (Funds fraudulently transferred from LCG funds by
Gary Frank to himself)"], respectively, with a net cash flow of
$4.1 million.

             About The Legal Coverage Group

The Legal Coverage Group Ltd., also known as LCG, Ltd., is a
Pennsylvania Subchapter S corporation.  LCG, the exclusive provider
of HELP Legal Plan, was founded in 1995 to modernize and ultimately
perfect the concept of the employee legal plan.  Headquartered in
the suburbs of Philadelphia, Pennsylvania, HELP is a privately-held
employee legal plan servicing worksites of all sizes and industries
on a regional and national level, while maintaining the industry's
highest rates of retention through unparalleled, unlimited, and
fully comprehensive benefits services provided by only partner
level attorneys.

Legal Coverage Group sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Pa. Case No. 18-10494) on Jan. 26,
2018.  In the petition signed by CEO Gary A. Frank, the Debtor
estimated assets of $100 million to $500 million and liabilities of
$10 million to $50 million.  

Judge Jean K. FitzSimon presides over the case.

Dilworth Paxson LLP is the Debtor's legal counsel; and Wipfli LLP,
as tax advisor.

Leslie Beth Baskin, Esq., has been appointed as Chapter 11 Trustee,
and is represented by the law firm of Spector Gadon & Rosen, PC.


TOPS HOLDING II: Incurs $5.3 Million Net Loss in 26 Days
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BankruptcyData.com reported that Tops Holding II filed with the
U.S. Bankruptcy Court a monthly operating report for the period of
July 15, 2018 to August 11, 2018. For the period, the Debtor
reported operating income of $1.9 million and a net loss of $5.3
million on $191.3 million in total net sales.  The net loss
reflected $7.2 million in expenses incurred during the period
relating to DIP financing fees, interest and restructuring
expenses.  The Debtors further reported (i) $137.8 million in total
cost of goods sold and (ii) $51.6 million in total operating
expense.  Cash at the beginning and end of the period was $78.0
million and $72.6 million, respectively, with a negative net cash
flow of $5.4 million.

             About Tops Holding II Corporation

Tops Markets, LLC -- http://www.topsmarkets.com/-- is
headquartered in Williamsville, NY and operates 169 full-service
supermarkets with five additional by franchisees under the Tops
Markets banner.  Tops employs over 14,000 associates and is a
full-service grocery retailer in Upstate New York, Northern
Pennsylvania, and Vermont.

Tops Management, led by Frank Curci, its chairman and chief
executive officer, acquired Tops in December 2013 through a
leveraged buyout from Morgan Stanley's private equity arm.  Morgan
Stanley bought the company in 2007 from the Dutch retailer now
known as Koninklijke Ahold Delhaize NV.  In 2010, Tops acquired The
Penn Traffic Company, a local chain with 64 stores.  In 2012, it
purchased 21 Grand Union Family Markets stores.

Tops Holding II Corporation, and its subsidiaries, including Tops
Markets, LLC, sought Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 18-22279) on Feb. 21, 2018, to pursue a financial
restructuring that would eliminate a substantial portion of debt
from the Company's balance sheet and position Tops for long-term
success.

The Company listed total assets of $977 million and total
liabilities at $1.17 billion as of Dec. 30, 2017.

The Debtors hired Weil, Gotshal & Manges LLP as their legal
counsel; Hilco Real Estate, LLC as real estate advisor; Evercore
Group L.L.C. as investment banker; FTI Consulting, Inc., and
Michael Buenzow as chief restructuring officer; and Epiq Bankruptcy
Solutions, LLC, as their claims and noticing agent.

The U.S. Trustee for Region 2 appointed an official committee of
unsecured creditors on March 6, 2018.  The committee tapped
Morrison & Foerster LLP as its legal counsel, and Zolfo Cooper,
LLC, as its financial advisor and bankruptcy consultant.


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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
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,
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Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors.

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

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