TCR_Public/070905.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

           Wednesday, September 5, 2007, Vol. 11, No. 210

                             Headlines

ADVENTURE LODGING: Voluntary Chapter 11 Case Summary
AIRPORT EXECUTIVE: Creditor Wants Bankruptcy Case Dismissed
AIRPORT EXECUTIVE: Taps Adorno & Yoss as Bankruptcy Counsel
AIRPORT EXECUTIVE: Section 341(a) Meeting Slated for October 1
AMERICAN TOWER: Inks New $500 Million Senior Unsecured Term Loan

AMERICAN TOWER: Fitch Rates $500 Million Term Loan at BB+
AMERIQUEST MORTGAGE: Winds Down; Parent Sells Assets to Citigroup
BOSTON SCIENTIFIC: Court OKs Johnson & Johnson's Breach Claim
BREMEN EXPRESS: Case Summary & 39 Largest Unsecured Creditors
BRIDGETECH HOLDINGS: June 30 Balance Sheet Upside-Down by $7 Mil.

CALPINE CORP: Files Amended Plan and Disclosure Statement
CALPINE CORP: Disclosure Statement Hearing Reset to September 25
CARDIAC TELECOM: Case Summary & 20 Largest Unsecured Creditors
CARPRO AUTO: Case Summary & Largest Unsecured Creditor
CHARTERHOUSE BOISE: Selects Angstman Johnson as Attorneys

CHARTERHOUSE BOISE: Taps Woodberry Law Group as Local Counsel
CISTERA NETWORKS: June 30 Balance Sheet Upside-Down by $800,927
CLEARLY CANADIAN: Posts $2.7 Mil. Net Loss in Qtr. Ended June 30
COMPLETE COMMS: Court Says No to Interim Financing with Trinity
COMPLETE COMMS: Gets Interim Okay to Use Lender's Cash Collateral

COMPLETE COMMS: Questions Validity of First Citizens' Lien
COMPLETE RETREATS: Judge Shiff Approves Disclosure Statement
COMPLETE RETREATS: Plan Confirmation Hearing Set for October 23
COUDERT BROS: Can Solicit Plan Acceptances Until Jan. 24, 2008
DANA CORP: Inks Settlement Agreement With Retiree Committee

DANA CORP: Wants Disclosure Statement Hearing Set for October 23
DAVID THOMAS: Voluntary Chapter 11 Case Summary
DECKER OAK: Section 341(a) Meeting Scheduled for September 20
DURA AUTOMOTIVE: Sub. Noteholders Appeal Pacificor Backstop Accord
EDISON HOTELS: Voluntary Chapter 11 Case Summary

EQ ENTERPRISES: Case Summary & 19 Largest Unsecured Creditors
FEDERAL-MOGUL: Court Extends Lease Decision Deadline to December 1
FINAL ANALYSIS: Wants Until December 26 to File Chapter 11 Plan
FIRST MAGNUS: U.S. Trustee Appoints Unsecured Creditors Committee
FLEXTRONICS INT'L: Inks Acquisition Deal with Avail Medical

FORD MOTOR: Reports 14% Decline in Overall U.S. Sales for August
FORD MOTOR: Ford Canada Reports 8.7% Sales Increase in August
GABRIEL EKEZYAN: Case Summary & Eight Largest Unsecured Creditors
GENERAL MOTORS: Says U.S. Sales for August Up By More Than 5%
GENERAL MOTORS: GM Canada Sales Increased 3.2% in August

GLOBAL CHILD: Voluntary Chapter 11 Case Summary
GLOBAL POWER: Objects to More Than $200 Million in Claims
HANCOCK FABRICS: Exclusive Plan-Filing Period Extended to Feb. 28
HANCOCK FABRICS: Has Until October 1 to File Landlords' Consents
HOLLINGER INC: Canada is Right Venue to Fight over Sun Media Stake

KARA HOMES: Modifies Plan to Include Kara Service
KARA HOMES: Strober Building Objects to Planned Modification
LE-NATURE'S INC: Judge McCullough Cancels Sale to Giant Eagle
MANOR CARE: Board Sets Oct. 17 as Voting Date on Carlyle Buyout
NASDAQ STOCK: Sets Sept. 7 as Deadline for Bidders of LSE Stake

NORTHWIND DEVELOPMENT: Case Summary & 14 Largest Unsec. Creditors
PSA HEALTHCARE: Stockholders OK Buyout by Portfolio Logic's Arm
ROBBIE GONTERMAN: Case Summary & Four Largest Unsecured Creditors
RONCO CORP: Section 341(a) Creditors' Meeting Set for Sept. 27
SAN TAN HOMES: Voluntary Chapter 11 Case Summary

SEA CONTAINERS: Completes $170 Million Wells Fargo DIP Financing
SEA CONTAINERS: Wants Court Nod on 333 Capital as Advisors
SKILLSOFT PLC: Earns $12.4 Million in Quarter Ended July 31
SOUEIDAN GAS: Section 341(a) Meeting Scheduled for September 19
SPATIALIZER AUDIO: Earns $149,768 in Second Quarter Ended June 30

SPECTRUM FINANCIAL: Files List of 20 Largest Unsecured Creditors
SPECTRUM FINANCIAL: Allen Sala Approved as Bankruptcy Counsel
ST. VINCENT'S: Emerges from Chapter 11 Bankruptcy
TRAVELSTAR INC: Earns $6.3 Million in Second Quarter Ended June 30
TRG HOMEBUILDERS: Voluntary Chapter 11 Case Summary

TRUESTAR PETROLEUM: Optima Services Files Chapter 11 in Texas
TRUEYOU.COM INC: March 31 Balance Sheet Upside-Down by $86.7 Mil.
TXU CORP: ISS & Glass Lewis Urges Shareholders to Vote FOR Merger
UAL CORP: Provides Update on Resale of 4.50% Senior Notes
US ENERGY: Provides Update on Liquidity; Issues Bankruptcy Warning

VALLEY REALTY: Section 341(a) Meeting Scheduled for October 9
VERIFONE HOLDINGS: Names William Nichols as Sr. Vice-President
WR GRACE: Wants Approval to Raise OCP Cap to $1.2 Million

* Busby & Lee Launches Credit Report Repair Service

* Upcoming Meetings, Conferences and Seminars

                             *********

ADVENTURE LODGING: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Adventure Lodging Properties, Inc.
        901 North Fisk No. 197
        Brownwood, TX 76801
        Tel: (325) 653-3291

Bankruptcy Case No.: 07-60150

Chapter 11 Petition Date: September 3, 2007

Court: Northern District of Texas (San Angelo)

Judge: Robert L. Jones

Debtor's Counsel: Dana A. Ehrlich, Esq.
                  Law Office of Dana Ehrlich
                  P.O. Box 1831
                  San Angelo, TX 76902
                  Tel: (325) 655-5351
                  Fax: (325) 655-7089

                        -- and --

                  Greg Gossett, Esq.
                  Gossett, Harrison, Reese, Millican, Stipanov
                  P.O. Box 911
                  San Angelo, TX 76902
                  Tel: (325) 653-3291

Estimated Assets: $1 Million to $100 Million

Estimated Debts:  $1 Million to $100 Million

The Debtor did not file a list of its 20 largest unsecured
creditors.


AIRPORT EXECUTIVE: Creditor Wants Bankruptcy Case Dismissed
-----------------------------------------------------------
M.A.M.C. Inc., as servicing agent for a group of lenders through
Berman Mortgage Corporation, asks the U.S. Bankruptcy Court for
the Southern District of Florida to dismiss Airport Executive
Commerce Park LLC's Chapter 11 bankruptcy case, or in the
alternative, relief from automatic stay.

M.A.M.C. tells the Court that the Debtor's bankruptcy case stems
from a foreclosure action on a real property located in Miami-Dade
County, Florida.  M.A.M.C. relates that the Debtor defaulted on
the terms of a first priority mortgage and security agreement and
promissory note.

                        Foreclosure Action

Berman Mortgage, the Debtor's secured creditor, properly notified
the Debtor and, Gustavo Bengochea Jr. as individual guarantor, of
the monetary default and afforded the appropriate time to cure the
default.  However, neither Debtor nor guarantor cured or otherwise
made current the operative note and mortgage.

AS such, M.A.M.C. says, on April 9, 2007, Berman Mortgage filed a
complaint to foreclose on the property.  On April 16, 2007, Debtor
and Berman Mortgage executed a binding settlement agreement with
regards to the foreclosure.

Pursuant to the settlement agreement, Berman Mortgage filed a
motion for final summary judgment on May 24 2007 and on July 2,
2007, an agreed final judgment of foreclosure was submitted to and
executed by the Circuit Court for Dade County.

The parties had agreed to delay the public sale of the property to
allow the Debtor to finalize a pending refinancing deal.  The
public sale was set for Aug. 22, 2007.  However, on the eve of the
public sale date, the Debtor filed for bankruptcy with the Court,
M.A.M.C. relates.

                    Phoenix Piccadilly Factors

M.A.M.C. discloses that under the settlement agreement, in the
event of a bankruptcy filing, the Debtor agreed to stipulate that
"it is a single asset real estate company that it does not have
the funds to pay interest as required under the notes, and that it
does not have the funds to complete construction and to
reorganize..."  Further, M.A.M.C. relates, the settlement
agreement stipulated that any bankruptcy filing made after
execution of the agreement would constitute as bad faith filing.

M.A.M.C. contends that under the factors enumerated by "In re
Phoenix Piccadilly, Ltd., 849 F.2d 1393, 1394 (11th Cir. Fla.
1988)," to determine if a petition was filed in bad faith, the
Debtor violates all six factors.

Specifically:

    (1) the Debtor has only one asset;

    (2) the Debtor has no significant unsecured creditors and
        M.A.M.C. is the only secured creditor,

    (3) the Debtor has few, if any, employees;

    (4) the single asses is the real property subject to the
        foreclosure action;

    (5) the Debtor's financial problems are entirely based on
        debt, arrearages, and related penalties owed to M.A.M.C.,
        and can be satisfied and made whole with the foreclosure
        sale proceed of the single asset real estate; and

    (6) the Debtor filed its petition on the eve of the
        foreclosure sale evidencing an intent to delay or
        frustrate legitimate efforts of the creditor to enforce
        its rights.

M.A.M.C. is represented by James D. Gassenheimer, Esq., at The
Gassenheimer Law Firm.

                       About Airport Executive
       
Airport Executive Commerce Park, LLC is based in Miami, Florida.  
The Debtor filed for Chapter 11 protection on Aug. 21, 2007
(Bankr. S.D. Fl. Case No. 07-16691).  When the Debtor filed for
bankruptcy, it listed total assets of $10,000,252 and total debts
of $7,593,239.


AIRPORT EXECUTIVE: Taps Adorno & Yoss as Bankruptcy Counsel
-----------------------------------------------------------
Airport Executive Commerce Park LLC asks the U.S. Bankruptcy Court
for the Southern District of Florida for permission to retain
Adorno & Yoss LLP as its bankruptcy counsel.

Adorno & Yoss will:

   a. advise the Debtor with respect to its powers and duties as a
      Debtor-in-possession and the continued management of its
      business affairs;

   b. advise the Debtor with respect to its responsibilities in
      complying with the United States Trustee's Operating
      Guidelines and Reporting Requirements and with the rules of
      the Court;

   c. prepare motions, pleadings, orders, applications, adversary
      proceedings, and other legal documents necessary in the
      administration of the case;

   d. protect the interest of the Debtor in all matters pending
      before the Court; and

   e. represent the Debtor in negotiations with its creditors and
      in the preparation of a plan.

Documents submitted to the Court do not disclose the firm's
compensation rates.

To the best of the Debtor's knowledge, Adorno & Yoss does not
represent any interest adverse to the Debtor.

The firm can be reached at:

                Robert A. Schatzman, Esq.
                Adorno & Yoss LLP
                2525 Ponce de Leon Blvd., Suite 400
                Miami, FL 33134
                Tel: (305) 460-1000
                Fax: (305) 460-1422
                http://www.adorno.com/

Airport Executive Commerce Park, LLC is based in Miami, Florida.  
The Debtor filed for Chapter 11 protection on Aug. 21, 2007
(Bankr. S.D. Fl. Case No. 07-16691).  When the Debtor filed for
bankruptcy, it listed total assets of $10,000,252 and total debts
of $7,593,239.


AIRPORT EXECUTIVE: Section 341(a) Meeting Slated for October 1
--------------------------------------------------------------
The United States Trustee for Region 21 scheduled a meeting of
Valley Realty Advisors, L.L.C.'s creditors on Oct. 1, 2007, at
2:00 p.m. at 51 Southwest First Avenue, Room 1021 in Miami,
Florida.

This is the first meeting of creditors required under 11 U.S.C.
Sec. 341(a) in all bankruptcy cases.  All creditors are invited,
but not required, to attend.  This Meeting of Creditors offers the
one opportunity in a bankruptcy proceeding for creditors to
question a responsible office of the Debtor under oath about the
company's financial affairs and operations that would be of
interest to the general body of creditors.

Airport Executive Commerce Park, LLC is based in Miami, Florida.  
The Debtor filed for Chapter 11 protection on Aug. 21, 2007
(Bankr. S.D. Fl. Case No. 07-16691).  When the Debtor filed for
bankruptcy, it listed total assets of $10,000,252 and total debts
of $7,593,239.


AMERICAN TOWER: Inks New $500 Million Senior Unsecured Term Loan
----------------------------------------------------------------
American Tower Corporation said yesterday that it entered into a
new $500.0 million senior unsecured term loan credit facility.

The company expects to receive net proceeds of approximately
$498.5 million from the new term loan and will use approximately
$450.0 million to repay certain existing indebtedness under the
company's continuing senior unsecured revolving credit facility
and the remainder for general corporate purposes.

As a result, the company will have $550.0 million outstanding
under its existing $1.25 billion senior unsecured revolving credit
facility.  The new term loan has a term of five years, maturing in
full on Aug. 30, 2012.  The new term loan does not require
amortization of principal and may be paid prior to maturity in
whole or in part at the company's option without penalty or
premium; provided however, that the new term loan requires its
mandatory prepayment, subject to certain limited exceptions, with
the net proceeds from any future issuances, offerings or
placements of debt obligations or equity securities by the
Company, or by any of the Company's subsidiaries (other than
unrestricted subsidiaries), to unaffiliated third parties.

American Tower Corporation -- http://www.americantower.com/--  
(NYSE: AMT) owns, operates and develops broadcast and wireless
communications sites.  American Tower owns and operates over
22,000 sites in the United States, Mexico and Brazil.
Additionally, American Tower manages approximately 2,000 revenue
producing rooftop and tower sites.


AMERICAN TOWER: Fitch Rates $500 Million Term Loan at BB+
---------------------------------------------------------
Fitch Ratings has assigned a 'BB+' rating to American Tower
Corporation's proposed five-year $500 million senior term loan
facility.  Proceeds from the term loan facility will be used to
refinance existing indebtedness under the senior unsecured
revolving credit facility and for other general corporate
purposes.  The Rating Outlook is Stable.

AMT's ratings reflect the scale in its operations, which has
translated into strong operating performance and increased free
cash flow.  AMT's operating characteristics remain favorable,
resulting in some of the highest profitability measures for all of
corporate credits and reflective of the lower business risk that
results in a predictable and growing cash flow stream generated
primarily from investment grade national wireless operators.  
Fitch believes these characteristics more than offset AMT's
sizable share repurchase program and the higher financial leverage
for its rating category.  AMT should continue to meaningfully
improve its operating metrics due to scale benefits and the
expectations for continued wireless industry demand. Fitch expects
the 700 MHz auctions, scheduled to begin in January 2008, will be
an important driver for future revenue growth.  Given the mandates
associated with the spectrum auction, Fitch believes that two new
entrants could acquire a material amount of spectrum for large
scale deployments.

Based on current capital allocation plans, Fitch expects leverage
for 2007 to be 4.5 times (x) or less.  The liquidity position is
solid owing to its free cash flow, cash on hand and undrawn
revolver capacity when including the new facility.  Free cash flow
for the last twelve months was in excess of $500 million. The
sizable $1.5 billion share repurchase program will be funded by
free cash flow, existing cash and debt.  As of July 26, 2007, AMT
had repurchased a total of 16.7 million shares of its class A
common stock for an aggregate of $678.1 million.  AMT expects to
complete the share repurchase program by February 2008.

The new term loan facility will provide AMT with additional
liquidity since the company had drawn approximately $1 billion of
the $1.25 billion as of June 30, 2007, on its senior unsecured
revolving credit facility that matures in 2012.  The financial
covenants for the new term loan facility are similar to the terms
of the existing $1.25 billion revolver, which includes the
following: senior secured leverage ratio of 3.0x, total borrower
leverage ratio of 6.0x and interest coverage ratio of 2.5x.  The
senior secured leverage covenant of 3.0x provides additional
capacity for future tower securitizations.  The new term facility
will also be subject to mandatory prepayment with proceeds from
any capital markets issuance.  Fitch expects any new long-term
debt to be issued by AMT.


AMERIQUEST MORTGAGE: Winds Down; Parent Sells Assets to Citigroup
-----------------------------------------------------------------
Ameriquest Mortgage Company has closed, several sources report,
after Citigroup Inc. bought the company from its parent, ACC
Capital Holdings.  

ACC Capital Holdings will maintain operations as it prepares for
the orderly wind-down of its retail mortgage business, which is no
longer accepting applications, relates Gary Gentile of the
Associated Press citing a company statement.

Citigroup disclosed that its Markets & Banking business has agreed
to purchase Ameriquest, the wholesale mortgage origination and
mortgage servicing assets from ACC Capital Holdings, in a
transaction which closed on Sept. 1, 2007.  Citigroup secured the
option to acquire the assets in February 2007 as part of its
agreement to provide working capital to ACH and become ACHs
primary warehouse lender.  

The acquisition, which was finalized late afternoon of Aug. 31,
2007, will include the purchase of servicing rights on $45 billion
of loans, as well as a minimal amount of existing loans and
residuals.  The financial terms of the transaction were not
disclosed.

"Exercising our option to acquire the assets from ACH's wholesale
origination and servicing business allows Citigroup to secure
valuable and scalable platforms in a market undergoing significant
change," Jeffrey A. Perlowitz, Head of Global Securitized Markets
in Citigroup's Fixed Income, Currencies and Commodities unit,
where the assets will reside, said.  "Through this acquisition, we
gain important operational and pricing efficiencies and the
ability to extend the high lending standards of our existing
residential mortgage business from point of origination through
securitization and servicing."

Citigroup will apply its industry-leading best practices in real
estate lending to loan products originated from the newly acquired
platform and expand its ongoing effort to help distressed
borrowers.

The assets being acquired by Citigroup are part of the wholesale
origination and servicing businesses of ACH with operational
centers in Orange and Rancho Cucamonga, California, and Rolling
Meadows and Schaumberg, Illinois, as well as a broker network
extending across 48 States.

Subprime lenders, serving borrowers who do not qualify for prime
loans because of credit problems or a limited credit history, have
been rocked lately due to a softening of the investment climate
for these loans, various papers said.

In May 2006, Ameriquest shuttered all 229 retail branches and cut
3,800 jobs, becoming the first major subprime lender to downsize
in the current housing cycle, papers disclosed.

                        About Citigroup Inc.

Headquartered in New York City, Citigroup Inc. (NYSE:C) --  
http://citigroup.com/-- is a financial services company.  Other  
major brand names in Citi's diverse portfolio include Citi Cards,
CitiFinancial, CitiMortgage, CitiInsurance, Primerica, Diners
Club,
Citi Private Bank, and CitiCapital.

                      About Ameriquest Mortgage

Based in Orange, California, Ameriquest Mortgage Company --
http://www.ameriquestmortgage.com/-- was the nations largest  
subprime lender.


BOSTON SCIENTIFIC: Court OKs Johnson & Johnson's Breach Claim
-------------------------------------------------------------
U.S. District Judge Gerard E. Lynch in Manhattan allowed a
breach-of-contract claim by Johnson & Johnson to proceed but
dismissed others in a $5.5 billion lawsuit Johnson & Johnson
filed against Boston Scientific Corp., The Wall Street
Journal said on its Web site Thursday last week.

The breach-of-contract claim relates to Guidant's termination
of a merger agreement with Johnson & Johnson to give way to
a $27 billion acquisition deal with Boston Scientific last
year, the report said.

The dismissed claims, according to WSJ, include claims alleging
that Boston Scientific and Guidant violated an implied duty of
good faith and fair dealing in the Guidant-Johnson & Johnson
merger deal.

In denying the claim, Judge Lynch said in an order quoted by
WSJ that there is no basis under Indiana law for a claim of
violation of such a duty, noting that the contract is governed
by Indiana law while Guidant was based in Indianapolis.

Boston Scientific closed on its deal to purchase the bulk of
Guidant in April 2006.  In September 2006, WSJ said Johnson &
Johnson balked at the deal alleging that Boston Scientific
succeeded in its takeover bid for Guidant only because Guidant
leaked confidential information to Abbott Laboratories Inc.
for the purpose of "arranging a prepackaged divestiture of
significant Guidant businesses to Abbott."

Headquartered in Natick, Massachusetts, Boston Scientific
Corporation (NYSE: BSX) -- http://www.bostonscientific.com/--      
develops, manufactures and markets medical devices used in a
broad range of interventional medical specialties.  The company
has offices in Argentina, Chile, France, Germany, and Japan,
among others.

                          *     *     *

As reported in the Troubled Company Reporter on Aug. 28, 2007,
Standard & Poor's Ratings Services said that its ratings on Boston
Scientific Corp., including the 'BB+' corporate credit rating,
remain on CreditWatch with negative implications, where they were
placed Aug. 3, 2007.  

Earlier, Fitch Ratings downgraded the rating on the company's
'BBB-' Senior Unsecured Notes to 'BB+'.  The Outlook is Negative.


BREMEN EXPRESS: Case Summary & 39 Largest Unsecured Creditors
-------------------------------------------------------------
Lead Debtor: Bremen Express, L.L.C.
             150 Highway 27 North Bypass
             Bremen, GA 30110

Bankruptcy Case No.: 07-12090

Debtor-affiliates filing separate Chapter 11 petitions:

        Entity                                     Case No.
        ------                                     --------
        Terry Dobbins, Inc.                        07-12092

Chapter 11 Petition Date: September 3, 2007

Court: Northern District of Georgia (Newnan)

Debtors' Counsel: G. Frank Nason, IV, Esq.
                  Lamberth, Cifelli, Stokes Ellis & Nason
                  3343 Peachtree Road Northeast, Suite 550
                  Atlanta, GA 30326
                  Tel: (404) 262-7373

                               Estimated Assets    Estimated Debts
                               ----------------    ---------------
Bremen Express, L.L.C.            $1 Million to      $1 Million to
                                   $100 Million       $100 Million

Terry Dobbins, Inc.               $1 Million to      $1 Million to
                                   $100 Million       $100 Million

A. Bremen Express, LLC's 19 Largest Unsecured Creditors:

   Entity                      Nature of Claim       Claim Amount
   ------                      ---------------       ------------
Owenby Enterprises                                        $77,823
P.O. Box 1146
Dalton, GA 30722-1146

Georgia Department of Revenue                              $6,216
Sales & Use Tax Division
PO Box 105296
Atlanta, GA 30348

Columbia Insurance Group                                   $5,697
PO Box 6032
Columbia, MO 65205-6032

City of Bremen                                             $3,738

Carroll County                 2007 taxes                  $3,256

Jones & Frank                                              $2,828

Internal Revenue Service                                   $2,293

First Insurance Funding                                    $2,283

Georgia Logos                                              $1,500

Carroll County                 2006 Taxes                  $1,340

Eby Brown Co.                                               $1,017

Carroll County                Inventory tax                  $886

A.T.&T.                                                      $608

Lawrence, See & Beavers                                      $600

K-Mac Electric                                               $489

Georgia Natural Gas                                          $157

Waste Industries                                             $120

Georgia Department of Revenue                                $151

City of Bremen                                                $51

B. Terry Dobbins, Inc's 20 Largest Unsecured Creditors:

   Entity                      Nature of Claim       Claim Amount
   ------                      ---------------       ------------
J.&W. Concrete & Asphalt       Construction              $185,681
1574 North Bellview Road
Rockmart, GA 30153

C.H.F., Inc. Crawford &                                  $104,206
Associate
105 Corporate Drive
Carrollton, GA 30117

B.&B. Precast and Septic,                                 $41,643
Inc.
P.O. Box 948
Dallas, GA 30132

Truss Pros, Inc.                                          $37,893

Cabinet Designs by Campbell,                              $34,971
I

Wayne Davis Concrete Co.                                  $33,889

Ready Mix U.S.A., Inc.                                    $26,438

Gordon Contractors, Inc.                                  $24,312

Cobb County Tax Commissioner                              $23,251

Quality Electric, Inc.                                    $23,000

Austin Floors, Inc.                                       $22,500

Paulding County Tax Commission                            $21,689

Reformed Products                                         $21,571

Carroll County Tax Commissione                            $20,625

Contech Construction Products                             $18,561

Trystal Environmental Consulta                            $17,500

Builders Station, Inc.                                    $16,043

G.L.T. Plumbing, Inc.                                     $15,697

Martin Millwork & Building                                $15,600
Supply

Wright, Donald                                            $15,572


BRIDGETECH HOLDINGS: June 30 Balance Sheet Upside-Down by $7 Mil.
-----------------------------------------------------------------
Bridgetech Holdings International Inc.'s consolidated balance
sheet at June 30, 2007, showed $1.5 million in total assets and
$8.5 million in total liabilities, resulting in a $7.0 million  
total stockholders' deficit.

The company's consolidated balance sheet at June 30, 2007, also
showed strained liquidity with $997,027 in total current assets
available to pay $8.5 million in total current liabilities.

The company incurred a net loss of $9.6 million in the six months
ended June 30 this year, an increase from the net loss of
$6.5 million reported in the same period last year, mainly due to
lower revenues and an increase in operating expenses.

Revenues fell to $125,682 from $258,567.  The majority of the
decrease came from a reduction in nurse placement and training
revenues at International Medlink.  

General and administrative costs rose from $5.0 million to
$9.3 million due to an increase in parent company and Asian
overhead costs which increased $3.9 million and $502,803,
respectively.

Interest Expense increased to $161,525 for the six months ended
June 30, 2007, from $24,660 reported in the comparable six months
of 2006.

Full-text copies of the company's consolidated financial
statements for the quarter ended June 30, 2007, are available for
free at http://researcharchives.com/t/s?2303

                       Going Concern Doubt

Jewett, Schwartz, Wolfe & Associates, in Hollywood, Fla.,
expressed substantial doubt about Bridgetech Holdings
International Inc.'s ability to continue as a going concern after
auditing the company's consolidated financial statements as of the
years ended Dec. 31, 2006, and 2005.  The auditing firm reported
that the company has operating and liquidity concerns, has
incurred an accumulated deficit of approximately $17.2 million  
through the period ended Dec. 31, 2006, and current liabilities
exceeded current assets by approximately $2.3 million at Dec. 31,
2006.

                    About Bridgetech Holdings

Headquartered in San Diego, Bridgetech Holdings International Inc.
(Other OTC: BGTH.PK) -- http://www.bridgetechholdings.com/-- is a  
leader in the transfer of Western medical technology to China with
an initial focus on oncology.  With operations both in China and
the U.S., Bridgetech is providing the most current medical
technology, including drugs, devices, and diagnostics for
distribution throughout China.


CALPINE CORP: Files Amended Plan and Disclosure Statement
---------------------------------------------------------
Calpine Corporation and certain of its subsidiaries filed their
Amended Plan of Reorganization and related Disclosure Statement
with the U.S. Bankruptcy Court for the Southern District of New
York on Aug. 27, 2007.

Through the Amended Plan, Calpine seeks to provide an equitable
return to all stakeholders while providing for the long-term
viability of the company.

The Amended Plan maintains the key terms provided under the
Debtors' Original Plan filed June 2007, but projects greater
recoveries for stakeholders in the most likely claims scenario,
Calpine stated in a press release issued August 27.  The Amended
Plan also remains a "waterfall" plan that allocates value to
Calpine's creditors and shareholders in accordance with the
priorities of the Bankruptcy Code.

"We believe Calpine's Amended Plan further underscores the
progress we are making for Calpine to emerge as a financially
stable, stand-alone Company with an improved competitive position
in the energy industry," said Robert P. May, Calpine's Chief
Executive Officer, according to Calpine's press statement.
"Since filing our Original Plan we have been in discussions with
our stakeholders and believe that our Amended Plan provides
greater value to Calpine's estate with less execution risk to our
stakeholders than other alternatives presented.  We appreciate
the ongoing support of our employees whose dedication and hard
work are key to Calpine's current and future success."

Mr. May said the filing of the Amended Plan helps the company
stay on track to have the plan confirmed during the fourth
quarter of 2007.

A full-text copy of the Debtors' 1st Amended Plan is available
for free at:

http://www.kccllc.net/documents/0560200/0560200070827000000000009.
pdf

A full-text copy of the Debtors' 1st Amended Disclosure Statement
is available for free at:

http://www.kccllc.net/documents/0560200/0560200070827000000000010.
pdf

                  Substantive Consolidation

According to Gregory L. Doody, Calpine's Executive Vice
President, General Counsel, and Secretary, the Amended Plan
provides for the substantive consolidation of the Estates into a
single estate for all purposes associated with plan confirmation
and consummation.  If the Bankruptcy Court authorizes the Debtors
to substantively consolidate the Estates, he says, each class of
claims and interests will be treated as against a single
consolidated estate without regard to separate identification of
the Debtors.

Mr. Doody adds that if the Bankruptcy Court authorizes the
Debtors to substantively consolidate less than all of the
Estates, the Debtors may, in accordance with the Plan, proceed
with separate Plans for any non-consolidated Debtor, and each
Class of Claims and Interests will be treated as against each
individual non-consolidated Debtor for voting and distribution
purposes.

The number following each Debtor in the Amended Plan has been
assigned to a Debtor to identify each separate Plan to the extent
the Bankruptcy Court does not authorize the Debtors to
substantively consolidate any or all of the Estates, Mr. Doody
says.

            $21.7-Bil. Midpoint Reorganization Value

Consistent with the Original Plan, assuming the Amended Plan is
confirmed by December 31, 2007, and subject to the assumptions
set forth in the Disclosure Statement, Calpine estimates that the
reorganized company will have a midpoint reorganization value of
about $21,700,000,000.

At emergence, Calpine estimates that its total enterprise value
will be between $19,200,000,000 to $21,300,000,000, with a
midpoint of $20,300,000,000.  The company expects a distributable
cash of approximately $1,400,000,000.

Under the Amended Plan, allowed claims are now anticipated to
range from $20,100,000,000 to $22,000,000,000 after completion of
Calpine's claims objection, reconciliation, and resolution
process.

Under that range of potential allowed claims, general unsecured
creditors will receive from 95% to 100% of their allowed claims,
Calpine said.  As a result of the continued refinement of the
company's outstanding claims, it has increased the amount holders
of existing equity are projected to receive under updated "most
likely" claims resolution scenario.

Currently, Calpine estimates that its return would be
approximately $2.05 per existing share of Calpine common stock --
up from $1.80 per existing Calpine share originally projected
under the company's Original Plan.

Because disputed claims and the total enterprise value of Calpine
upon its emergence have not yet been finally adjudicated, no
assurances can be given that actual recoveries to creditors and
interest holders will not be materially higher or lower, Calpine
said in its company statement.

                        Plan Sponsorship

Shortly after filing the Original Plan, certain parties contacted
the Debtors about potentially sponsoring an alternative plan of
reorganization premised on a structure that would provide
guaranteed distributions to the Debtors' stakeholders, Mr. May
relates.

The Debtors, with the assistance of their investment banker,
Miller Buckfire, thus initiated a process to gauge potential
investors' interest in sponsoring such a guaranteed distribution
plan.  To that end, the Debtors distributed requests for
proposals in connection with a guaranteed distribution plan to
potential investors on July 19.

The Debtors state that they did not receive any firm plan
sponsorship proposals executable within the timeframe they have
set to emerge from Chapter 11.

               Restrictions on Securities Resale

Reorganized Calpine Charter will contain the restrictions on the
transfer of New Calpine Common Stock in the same form and
substance as those contained in the New Calpine Trading
Restriction Term Sheet to minimize the likelihood of any
potential adverse federal income tax consequences resulting from
an ownership change, as defined in Section 382 of the Internal
Revenue Code, in Reorganized Calpine.

Pursuant to the New Calpine Trading Restrictions Term Sheet, no
post-emergence tax restrictions on trading will exist.  In the
event that the market capitalization of New Calpine Common Stock
drops by at least 35% from the market capitalization that existed
upon emergence, and at least 25 percentage points of "owner
shift" has occurred with respect to New Calpine Common Stock,
then the board of directors of Reorganized Calpine may vote to
impose trading restrictions.

Mr. Doody states that the decision will require a vote by 2/3 of
the Directors.  If imposed, the trading restrictions will provide
that the acquisition of stock by a person or entity who is not a
5% shareholder of New Calpine Common Stock will be null and void
ab initio as to the purchaser to the extent the acquisition
causes entity to become a 5% shareholder of New Calpine Common
Stock, unless the acquisition has:

  * been approved by the board of directors of Reorganized
    Calpine; or

  * will not result in an increase in an "owner shift" in
    excess of any "owner shift" that would have occurred if the
    seller had sold the same amount of New Calpine Common Stock
    in the market.

                       Incentive Plans

The Reorganized Debtors will implement the Management and
Director Equity Incentive Plan, will shall be deemed effective as
of the Effective Date.

The terms of the Management and Director Equity Incentive Plan
will provide for aggregate grants of New Calpine Common Stock to
certain management, employees, and directors of certain of the
Reorganized Debtors of between 2% to 3% of the New Calpine Common
Stock, inclusive of initial grants and reserves for future grants
to be issued under the Plan.  However, the Creditors Committee's
consent will be obtained in connection with the terms and
conditions of any initial grants of New Calpine Common Stock and
the recipients.

All other terms and conditions of the Incentive Plans will be
determined by the board of directors of Reorganized Calpine.

          BIT Holdings & SJP Comment on Interest Rate

BIT Holdings, 56 Inc., and SJ Plaza, LLC, point out that the
Amended Plan and Disclosure Statement provide that they and other
holders of allowed rejection damage claims against the Debtors
are to receive pro rata share of New Calpine Common Stock Pool
for Creditors until paid in full.  The Plan also proposes that
those holders are entitled to receive interest on their Allowed
Claim at the Federal Judgment Rate.

Representing the objecting parties, Terrence Meyerhoff, Esq., at
Horner & Singer, LLP, in Walnut Creek, California, tells Judge
Lifland that the interest rate allowed in the rejected lease is
10% and the interest under substantive California law is 10%.
Under the Plan, he notes, the "Federal Judgment Rate" is pegged
at 4.34%.

BIT and SJP contend that the Disclosure Statement and Amended
Plan do not explain why the accrued interest rate should be
limited to 4.34% for the Allowed Rejection Damages Claimholders.

                     About Calpine Corporation

Based in San Jose, California, Calpine Corporation (OTC Pink
Sheets: CPNLQ) -- http://www.calpine.com/-- supplies customers
and communities with electricity from clean, efficient, natural
gas-fired and geothermal power plants.  Calpine owns, leases and
operates integrated systems of plants in 21 U.S. states and in
three Canadian provinces.  Its customized products and services
include wholesale and retail electricity, gas turbine components
and services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.

The company filed for chapter 11 protection on Dec. 20, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard M. Cieri, Esq.,
Matthew A. Cantor, Esq., Edward Sassower, Esq., and Robert G.
Burns, Esq., Kirkland & Ellis LLP represent the Debtors in their
restructuring efforts.  Michael S. Stamer, Esq., at Akin Gump
Strauss Hauer & Feld LLP, represents the Official Committee of
Unsecured Creditors.  As of Dec. 19, 2005, the Debtors listed
$26,628,755,663 in total assets and $22,535,577,121 in total
liabilities.

On June 20, 2007, the Debtors filed their Chapter 11 Plan and
Disclosure Statement.  (Calpine Bankruptcy News, Issue No. 59
Bankruptcy Creditors' Service Inc.; http://bankrupt.com/newsstand/
or 215/945-7000).


CALPINE CORP: Disclosure Statement Hearing Reset to September 25
----------------------------------------------------------------
Calpine Corporation and certain of its subsidiaries filed their
Amended Plan of Reorganization and related Disclosure Statement
with the U.S. Bankruptcy Court for the Southern District of New
York on Aug. 27, 2007.

        Disclosure Statement Hearing Reset to Sept. 25

Calpine Corporation and its debtor-affiliates notified the U.S.
Bankruptcy Court for the Southern District of New York and
parties-in-interest that the hearing to rule on their Amended
Disclosure Statement and Solicitation Procedures Motion has been
rescheduled from September 11 to September 25.  The objection
deadline has also been reset to September 14.

Once the Bankruptcy Court approves their Disclosure Statement,
the Debtors can begin the process of soliciting votes for
approval of the Amended Plan.

Following the voting process, Calpine will ask the Bankruptcy
Court to hold a hearing to consider approval or "confirmation" of
the Amended Plan.  If the Court confirms the Amended Plan,
Calpine would emerge from Chapter 11 shortly thereafter.

"We will continue to keep all our stakeholders informed regarding
our efforts to emerge from Chapter 11 in a manner that maximizes
the Company's value," Mr. May stated in Calpine's recently issued
press release.

The Debtors remain committed to emerge from bankruptcy as soon as
possible and no later than January 31, 2008.

                     About Calpine Corporation

Based in San Jose, California, Calpine Corporation (OTC Pink
Sheets: CPNLQ) -- http://www.calpine.com/-- supplies customers
and communities with electricity from clean, efficient, natural
gas-fired and geothermal power plants.  Calpine owns, leases and
operates integrated systems of plants in 21 U.S. states and in
three Canadian provinces.  Its customized products and services
include wholesale and retail electricity, gas turbine components
and services, energy management and a wide range of power plant
engineering, construction and maintenance and operational
services.

The company filed for chapter 11 protection on Dec. 20, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-60200).  Richard M. Cieri, Esq.,
Matthew A. Cantor, Esq., Edward Sassower, Esq., and Robert G.
Burns, Esq., Kirkland & Ellis LLP represent the Debtors in their
restructuring efforts.  Michael S. Stamer, Esq., at Akin Gump
Strauss Hauer & Feld LLP, represents the Official Committee of
Unsecured Creditors.  As of Dec. 19, 2005, the Debtors listed
$26,628,755,663 in total assets and $22,535,577,121 in total
liabilities.

On June 20, 2007, the Debtors filed their Chapter 11 Plan and
Disclosure Statement.  (Calpine Bankruptcy News, Issue No. 59
Bankruptcy Creditors' Service Inc.; http://bankrupt.com/newsstand/
or 215/945-7000).


CARDIAC TELECOM: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Cardiac Telecom Corporation
        fka Telemed Technologies International, Inc.
        dba Cardiac Telecom, Inc.
        212 Outlet Way, Suite 1
        Greensburg, PA 15601

Bankruptcy Case No.: 07-25499

Type of Business: The Debtor offers cardiac monitoring services.
                  See http://www.cardiactelecom.com/

Chapter 11 Petition Date: August 31, 2007

Court: Western District of Pennsylvania (Pittsburgh)

Debtor's Counsel: John M. Steiner, Esq.
                  Leech Tishman Fuscaldo & Lampl LLC
                  Citizens Bank Building, 30th Floor
                  525 William Penn Place
                  Pittsburgh, PA 15219
                  Tel: (412) 261-1600

Estimated Assets: $1 Million to $100 Million

Estimated Debts:  $1 Million to $100 Million

Debtor's List of its 20 Largest Unsecured Creditors:

   Entity                               Claim Amount
   ------                               ------------
Schnader Harrison Segal & Lewis             $194,846
P.O. Box 8500-6030
Philadelphia, PA 19178-6030

Doepkin Keevican & Weiss                     $63,384
58th Floor, USX Tower
600 Grant Street
Pittsburgh, PA 15219

Gefsky and Lehman                            $53,712
23rd Floor
One PPG Place
Pittsburgh, PA 15222

HEC Investment LLC                           $30,477

Remi Communications                          $29,265

Cardiovascular Research Foundation           $25,253

Lake Erie Medical & Surgical                 $22,500

Highmark Blue Shield                         $16,014

Visa                                         $15,463

Xhalil Maalouf                               $13,576

Peerless Insurance Company                   $10,783

Case Sabatini                                 $9,310

United Parcel Service                         $8,352

Therese Giglia, M.D.                          $7,479

Ken Stillwell                                 $5,885

McNees Wallace & Nurick LLC                   $4,709

The Regents of the University                 $3,694

IKON Office Solutions                         $3,498

Alice G. Gosfield & Associates, P.C.          $3,068

Seyfarth Shaw                                 $2,529


CARPRO AUTO: Case Summary & Largest Unsecured Creditor
------------------------------------------------------
Debtor: Carpro Auto Sales, LLC
        dba Mall of Georgia Auto Sales
        3741 Buford Drive
        Buford, GA 30519

Bankruptcy Case No.: 07-74377

Type of Business: The Debtor is an auto dealer.

Chapter 11 Petition Date: September 3, 2007

Court: Northern District of Georgia (Atlanta)

Debtor's Counsel: Richard K. Valldejuli, Jr., Esq.
                  Valldejuli & Associates, LLC
                  Suite A, 2199 Lenox Road Northeast
                  Atlanta, GA 30324
                  Tel: (404) 636-9957
                  Fax: (404) 636-5798

Estimated Assets: Less than $10,000

Estimated Debts:  $1 Million to $100 Million

Debtor's List of its Largest Unsecured Creditor:

   Entity                        Nature of Claim      Claim Amount
   ------                        ---------------      ------------
Georgia Department of Revenue    Income Tax -             $106,090
Sales & Use Tax Division         Federal/State
P.O. Box 105296
Atlanta, GA 30348


CHARTERHOUSE BOISE: Selects Angstman Johnson as Attorneys
---------------------------------------------------------
Charterhouse Boise Downtown Properties LLC asks the United
States Bankruptcy Court for the District of Idaho for permission
to employ Thomas J. Angstman, Esq., and his firm Angstman, Johnson
& Associates PLLC as attorneys.

The firm, in conjunction with the Debtor's local counsel, John E.
Woodberry, Esq., will primarily provide the Debtor with legal
advice on matters of the state of Idaho and local law.

The Debtor tells the Court that it agreed to pay Mr. Angstman at
$225 per hour for this engagement.

Mr. Angstman discloses that he received a $1,000 retainer from the
Debtor prior to its bankruptcy filing.

He assures the Court that his firm does not hold any interests
adverse to the Debtor's estate and is a "disinterested person" as
defined in Section 101(14) of the Bankruptcy Code.

Mr. Angstman can be contacted at:

   Thomas J. Angstman, Esq.
   3649 Lakeharbor Lane
   Boise, Idaho 83703
   Tel: (208) 384-8588
   Fax: (208) 853-0117

Headquartered in Boise, Idaho, Charterhouse Boise Downtown
Properties LLC develops real estate.  The company filed
for Chapter 11 protection on August 1, 2007 (Bankr. D. Idaho
Case No.: 07-01199).  Thomas James Angstman, Esq. at
Angstman, Johnson & Associates is the proposed counsel for
the Debtor.  When the Debtor filed for bankruptcy, it listed
assets and debts between $10 million to $100 million.


CHARTERHOUSE BOISE: Taps Woodberry Law Group as Local Counsel
-------------------------------------------------------------
Charterhouse Boise Downtown Properties LLC asks the United
States Bankruptcy Court for the District of Idaho for permission
to employ John E. Woodbery, Esq. and the firm Woodbery Law
Group, P.S. as its local counsel.

The professional services to be rendered by Mr. Woodbery and his
firm include:

   a. to give the Debtor legal advice with respect to its powers
      and duties as debtor-in-possession in the continued
      operation, if necessary or possession of the property and
      its management of its assets;

   b. to take necessary action to avoid any liens subject to the
      Debtor's avoiding powers;

   c. to prepare on behalf of the Debtor all necessary
      applications, orders, reports and other legal papers,
      including plans, disclosure statements and orders; and

   d. to act in conjunction with Thomas J. Angstman, Esq.

The Debtor tells the Court that it agreed to pay $200 per hour to
the firm for this engagement.

Mr. Woodberry assures the Court his firm does not hold any
interests adverse to the Debtor's estate and is a "disinterested
person" as defined in Section 101(14) of the Bankruptcy Code.

Mr. Woodberry can be reached:

  John E. Woodbery, Esq.
  Woodbery Law Group, P.S.
  800 Bellevue Way Northeast, Suite 400
  Bellevue, WA 98004
  Tel: (425) 637-3012

Headquartered in Boise, Idaho, Charterhouse Boise Downtown
Properties LLC develops real estate.  The company filed
for Chapter 11 protection on August 1, 2007 (Bankr. D. Idaho
Case No.: 07-01199).  Thomas James Angstman, Esq. at
Angstman, Johnson & Associates is the proposed counsel for
the Debtor.  When the Debtor filed for bankruptcy, it listed
assets and debts between $10 million to $100 million.


CISTERA NETWORKS: June 30 Balance Sheet Upside-Down by $800,927
---------------------------------------------------------------
Cistera Network Inc.'s consolidated balance sheet at June 30,
2007, showed $4.3 million in total assets and $5.1 million in
total liabilities, resulting in an $800,927 total stockholders'
deficit.

The company reported a net loss of $460,814 in the first quarter
ended June 30, 2007, an increase from the net loss of $280,843
reported in the same period last year, mainly due to higher sales
and marketing expenses, and increased interest expense.

Revenues rose 27% to $629,224 from $494,737.  

Gross profit rose to $542,922 from $467,000.  The company's  
software revenue results in higher margins than hardware revenue.
Because a substantial portion of the company's revenues are  
derived from software sales, gross margins were positively  
impacted.  

Sales and marketing costs for this quarter totaled $176,092 and
represented 27.9 percent of revenues, as compared to $55,710 and
11.3 percent for the same quarter last year.

Interest expense rose to $158,135 from $17,434 last year.

Full-text copies of the company's consolidated financial
statements for the quarter ended June 30, 2007, are available for
free at http://researcharchives.com/t/s?2306

                       Going Concern Doubt

Robison, Hill & Co., in Salt Lake City, expressed substantial
doubt about Cistera Networks Inc.'s ability to continue as a going
concern after auditing the company's consolidated financial
statements as of the years ended March 31, 2007, and 2006.  The
auditing firm reported that the company has suffered recurring
losses from operations and has a net capital deficiency.

                      About Cistera Networks

Based in Dallas, Cistera Networks Inc. (OTC BB: CNWT.OB) --
http://www.cistera.com/-- works within the IT industry,  
specifically the field of unified communications.  Cistera
provides converged application platforms for the enteprise that
enhances the investment in IP Telephony.


CLEARLY CANADIAN: Posts $2.7 Mil. Net Loss in Qtr. Ended June 30
----------------------------------------------------------------
Clearly Canadian Beverage Corp. reported a net loss of
$2.7 million in the second quarter ended June 30, 2007, an
increase from the net loss of $2.6 million reported in the same
period last year, mainly due to lower gross profits.

Sales rose 12.1% to $3.0 million from $2.7 million.  The overall
increase in sales was a result of the addition of $1.0 million in
sales from the company's new healthy snack division (acquired in
February 2007 through the purchase of DMR Food Corporation) and
$209,000 in sales from the company's new organic baby product
division (acquired late May 2007 through the purchase of My
Organic Baby Inc.).  

Sales from the beverage division fell to $1.8 million from
$2.7 million, due to the decline in sales of the 14 oz. glass
sparkling flavoured water due to the changeover of the company's
distribution network in the first quarter of 2007 from the Dr.
Pepper/Seven-Up Bottling Group to the company's new network of
independent distribution partners.

Cost of sales rose to $2.4 million from $1.9 million.  Gross
profit margin percentage decreased to 19.1% from 28.5%, mainly due
to the integration of the new healthy snack and organic baby
product business units with the beverage units.  The healthy snack
unit has lower gross profit margin percentages than the other
businesses, however, it also has lower selling and marketing
expenses associated with its business.  

At June 30, 2007, the company's consolidated balance sheet showed
$20.4 million in total assets, $8.8 million in total liabilities,
and $11.6 million in total stockholders' equity.

Full-text copies of the company's consolidated financial
statements for the quarter ended June 30, 2007, are available for
free at http://researcharchives.com/t/s?2305

                 Liquidity and Capital Resources

During the six month period ended June 30, 2007, the company
increased its cash position by $883,000 from $5,267,000 at
Dec. 31, 2006 to $6,150,000 at June 30, 2007.

Total cash raised by the issuance of shares in the six months
ended June 30, 2007 totalled $4,429,000.

Operating losses, conversion to inventory and acquisition
expenditures for the three months ended June 30, 2007, used cash
of $3,456,000.

The acquisition of DMR Food Corporation and My Organic Baby Inc.
required a cash outlay of $342,000 and $348,000 respectively,
being the difference between the initial cash payment and cash
acquired with the businesses.

At June 30, 2007, the company's liabilities relating to operations
consisted primarily of operating bank loan indebtedness of
$235,000, accounts payable to suppliers and service providers of
$3.1 million, and capital lease obligations of $225,000.

                       Going Concern Doubt

KPMG LLP of Vancouver, B.C. expressed substantial doubt about
Clearly Canadian Beverage Corp.'s ability to continue as a going
concern after auditing the company's consolidated financial
statements for the year ended Dec. 31, 2006.  The auditing firm
pointed to the company's recurring losses from operations and
insufficient working capital to meet its planned business
objectives.

Operations for the six months ended June 30, 2007, have been
funded primarily from cash reserves raised by the issuance of
capital stock.

                      About Clearly Canadian

Based in Vancouver, B.C., Clearly Canadian Beverage Corporation
(OTC BB: CCBEF.OB CL) -- http://www.clearly.ca/-- markets premium  
alternative beverages, including Clearly Canadian(R) sparkling
flavoured waters and Clearly Canadian dailyEnergy, dailyVitamin
and dailyHydration Natural Enhanced Waters which are distributed
in the United States, Canada and various other countries.  Clearly
Canadian's recent acquisition of DMR Food Corporation and My
Organic Baby Inc. marks the company's debut into organic and
natural products with a full line of organic baby and toddler
foods under the brand names My Organic Baby and My Organic Toddler
and a wide range of dried fruit and nut snacks offerings from
SunRidge Farms, Naturalife, Sweet Selections, Simply by Nature and
Glengrove Organics brands.


COMPLETE COMMS: Court Says No to Interim Financing with Trinity
---------------------------------------------------------------
The Hon. Judge Frank R. Monroe of the U.S. Bankruptcy of Court for
the Western District of Texas denied Complete Communications
Services Inc.'s request to enter into a post-petition financing
with Trinity River Advisors, LLC.

However, a final hearing on the financing motion is set for
Sept. 13, 2007, at 9:30 a.m.

                   Arrangement with Trinity River

The Debtor relates that through recent negotiations, Trinity River
agreed to provide debtor-in-possession financing.

Trinity River has offered to lend the Debtor $1,500,000 to be paid
out over the next four weeks through:

    * $500,000 by Aug. 31, 2007,
    * $350,000 by Sept. 7, 2007,
    * $350,000 by Sept. 14, 2007, and
    * $300,000 by Sept. 21, 2007.

The financing is secured by a first priority lien.

The Debtor relates to the Court that the intent of the financing
facility is to give Trinity River sufficient time to conduct due
diligence on the Debtor in preparation for a possible offer of
permanent financing.

The Debtor tells the Court that it requires financing to continue
operations and will be irreparably harmed if the requested relief
is not granted.

                  Negotiations with Other Lenders

The Debtor discloses that it has not been able to obtain
alternative financing.  Its pre-petition lender, First Citizens
Bank & Trust Company, is not willing to offer additional
financing.

Prior to the Debtor's first financing motion, the Debtor had
negotiated a term sheet with Numina Finance & Service Company, a
factoring company.  However, the factoring facility from Numina
did not contain the same advantages as that of a potential long-
term financing facility with Trinity River.

Further, Riviera Finance's Houston office is not willing to offer
the Debtor financing as DIP lender.

The Debtor is attempting to contact New Century Finance in
Houston, but has yet to receive a response.

The Debtor has also contacted other potential financers over the
last few weeks but received no response.

                   About Complete Communications

Complete Communications Services Inc., --
http://www.cocomcabling.com/-- doing business as CoCom Cabling  
Systems, is headquartered in Round Rock, Texas.  The Debtor,
operating through its subsidiary, CoCom Cabling Systems, designs,
installs, and services fiber-optic and coaxial cable systems for
data and voice networks.  The Debtor generates gross annual
revenues of over $13,000,000 and employs over 100 people.
                  
The Debtor filed for Chapter 11 bankruptcy protection on Aug. 24,
2007 (Bankr. W.D. Tex. Case No.: 07-11549).  Lynn H. Butler, Esq.,
at Brown, McCarroll, L.L.P. acts as the Debtor's counsel.  As of
June 30, 2007, the Debtor had total assets of $15,183,399 and
total liabilities of $12,667,032.


COMPLETE COMMS: Gets Interim Okay to Use Lender's Cash Collateral
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Texas gave  
Complete Communications Services Inc. permission to use cash
collateral, specifically non-factored accounts receivable, on an
interim basis.

The Court however forbid the Debtor from using cash proceeds from
accounts receivables that have been factored by First Citizens
Bank & Trust Company.

As of its bankruptcy filing, the Debtor held about $1.6 million in
non-factored accounts receivable available for immediate
factoring.  The Debtor requires the use of cash collateral for its
operations to continue.

As adequate protection, First Citizens is granted replacement
liens on all of the Debtor's fixed assets.

A final hearing is scheduled at 9:30 a.m., on Sept. 13, 2007.

                   About Complete Communications

Complete Communications Services Inc., --
http://www.cocomcabling.com/-- doing business as CoCom Cabling  
Systems, is headquartered in Round Rock, Texas.  The Debtor,
operating through its subsidiary, CoCom Cabling Systems, designs,
installs, and services fiber-optic and coaxial cable systems for
data and voice networks.  The Debtor generates gross annual
revenues of over $13,000,000 and employs over 100 people.

The Debtor filed for Chapter 11 bankruptcy protection on Aug. 24,
2007 (Bankr. W.D. Tex. Case No. 07-11549).  Lynn H. Butler, Esq.,
at Brown, McCarroll, L.L.P. acts as the Debtor's counsel.  As of
June 30, 2007, the Debtor had total assets of $15,183,399 and
total liabilities of $12,667,032.


COMPLETE COMMS: Questions Validity of First Citizens' Lien
----------------------------------------------------------
Complete Communications Services Inc. informs the United States
Bankruptcy Court for the Western District of Texas that before
filing for bankruptcy, it entered into a financing relationship
with First Citizen Bank of North Carolina.

However, this relationship deteriorated and First Citizen filed a
suit against the Debtor and threatened to obtain injunctive relief
against the Debtor, even though the Debtor held sufficient
security to satisfy the obligations owed to the lender.

The Debtor discloses its balance sheet as of June 30, 2007, showed
net asset value of $2,516,366.  Thus, the Debtor believes that
First Citizens secured claims are adequately protected by the
Debtor's remaining assets.

The Debtor alleges that First Citizen failed to perfect its
security interest in the Debtor's asset prior to the 90-day
preference period.  Thus, the Debtor relates, First Citizen
ultimately does not hold a security interest perfected by the non-
factored receivables.  The Debtor intends to file an adversary
proceeding to have the Court determine the validity, priority or
extent of First Citizen's putative lien.

If First Citizens' claim is found to be unsecured, the Debtor
believes that its available asset base outstanding for adequate
protection is more than sufficient for any entity with secured
claims against the Debtor.

Until the Debtor has had the chance to avoid First Citizen's last-
minute attempt at perfection, First Citizen holds a putative,
though fatally flawed, secured claim against the Debtor's
accounts.

                   About Complete Communications

Complete Communications Services Inc., --
http://www.cocomcabling.com/-- doing business as CoCom Cabling  
Systems, is headquartered in Round Rock, Texas.  The Debtor,
operating through its subsidiary, CoCom Cabling Systems, designs,
installs, and services fiber-optic and coaxial cable systems for
data and voice networks.  The Debtor generates gross annual
revenues of over $13,000,000 and employs over 100 people.
                  
The Debtor filed for Chapter 11 bankruptcy protection on Aug. 24,
2007 (Bankr. W.D. Tex. Case No.: 07-11549).  Lynn H. Butler, Esq.,
at Brown, McCarroll, L.L.P. acts as the Debtor's counsel.  As of
June 30, 2007, the Debtor had total assets of $15,183,399 and
total liabilities of $12,667,032.


COMPLETE RETREATS: Judge Shiff Approves Disclosure Statement
------------------------------------------------------------
The Hon. Alan H. W. Shiff of the U.S. Bankruptcy Court for the
District of Connecticut approved on Aug. 31, 2007, the
disclosure statement explaining Complete Retreats, LLC, and its
debtor-affiliates' Modified Amended Plan of Liquidation.

Judge Shiff held that the Modified Disclosure Statement contains
adequate information within the meaning of Section 1125 of the
Bankruptcy Code.

Judge Shiff authorized the Debtors to send copies of the Modified
Plan and Disclosure Statement, and related documents to claimants
entitled to vote on the Plan and certain other notice parties.
The Debtors are also permitted to make non-substantive conforming
changes to the Plan, the Disclosure Statement, and related
solicitation documents and forms prior to solicitation.

The Debtors are authorized to file a Plan Supplement up to and
including September 27, 2007.

                          Modified Plan

The Modified Plan dated August 30, 2007, is predicated upon
substantive consolidation of (i) the Debtors' estates, (ii) DR
Umbria, Ltd., a non-debtor Northern Irish limited company, which
is indirectly wholly owned by Complete Retreats, and (iii)
Retreats Europe, Ltd., a non-debtor United Kingdom limited
company, which is wholly owned by Preferred Retreats.

Substantive consolidation results in, among other things, (i)
pooling the assets of, and claims against, the consolidated
entities, (ii) satisfying liabilities from a common fund, (iii)
eliminating intercompany claims, and (iv) combining the creditors
of the consolidated entities for purposes of voting on a plan.

Holders of Class 3 General Unsecured Claims will receive less
under the Modified Plan:

  (a) between 0 and 2% -- instead of 4.9% -- for former members
      or vendors who declined Ultimate Resort LLC's membership
      offer in the Ultimate Destination Club, and other general
      unsecured creditors; and

  (b) between 0 and 0.6% -- instead of 1.7% -- for Accepting
      Offerees.

Ultimate acquired substantially all of the Debtors' assets in
2006 for $98,000,000 cash.

Roughly 645 of the Offerees with claims aggregating approximately
$220,000,000 accepted New Membership Contracts with Ultimate.,
including eight of the 11 members of the Official Committee of
Unsecured Creditors in the Debtors' cases.

More than 230 Former Members and General Unsecured Creditors that
were offered New Membership Contracts declined Ultimate's  offer,
and their aggregate Claims are roughly $130,000,000.

Accepting Offerees lose their bargained-for, contractual right
under their Membership Agreements with the Debtors to redeem the
amount of their deposit from the Debtors.

Under the Modified Plan, the Debtors estimate having roughly
$400,000 of cash on hand on the Plan Effective Date.  The Debtors
anticipate that the sale of any remaining Assets should generate
between $588,000 and $6,500,000 in proceeds after payment of any
and all Allowed Convenience Class Claims, Allowed Administrative
Expense Claims, Allowed Priority Tax Claims, Allowed Priority
Non-Tax Claims, and Allowed Other Secured Claims and without
taking into account any potential proceeds from a lawsuit
relating to Private Retreats Belize, LLC's prepetition sale
transaction with Jeffrey Gram and Private Island Management
Limited, or any other Causes of Action or from any insurance
policies of the Debtors.

The Debtors could not estimate what the potential recoveries may
be on Causes of Action that may be pursued by the Liquidating
Trustee appointed under the Plan.

    TANNER & HALEY RESORTS
    Estimated Funds Remaining on Effective Date
    As of August 25, 2007

                                           Low          High
                                           ---          ----
    Total Cash Balance                $450,000      $450,000
    Deferred purchase price
       from Ultimate Resort         $1,200,000    $1,200,000
    Estimated net proceeds from
       the sale of fractionals        $100,000      $335,000
    Estimated return of Ableco
       contingency deposit             $13,000       $25,000
                                  ------------  ------------
    Total Available Funds Before
       Sale of Remaining Assets     $1,763,000    $2,010,000
                                  ------------  ------------
    Total Estimated Proceeds
       Net From Asset Sales        $13,036,000   $16,961,000
                                  ------------  ------------
    Total Funds Available          $14,799,000   $18,971,000
                                  ------------  ------------
    Estimated Costs Through
       Effective Date             ($14,211,000) ($12,385,000)
                                  ------------  ------------
    Estimated Proceeds                $588,000    $6,586,000
                                  ============  ============

                      Disclosure Objections

Double AA Builders, The Multihull Company Luxury Catamaran
Charters, LLC, and Jeffrey Gram, Private Island Management and
Casa Olita objected to the First Amended Disclosure Statement the
Debtors filed on August 16, 2007.

Double AA and Multihull complained that the Disclosure Statement
contains inadequate disclosure concerning the treatment of
general unsecured claims in Class 3.  They argued that the Plan
improperly classifies trade creditors with Former Members.

Double AA asserted unsecured nonpriority claims of $577,915 plus
18% interest plus $1,004 in fees and costs, against Preferred
Retreats, LLC and Towne Clubs, LLC, pursuant to a default
judgment Double AA procured against both Debtors in prepetition
litigation in Arizona.  Double AA furnished labor and material on
Towne Clubs' Abercrombie & Kent Towne Clubs Demolition Project in
Scottsdale, Arizona.  No objection has been filed to Double AA's
proofs of claim.

Multihull is a Declining Offeree of the New Membership Contracts
from Ultimate.  Multihull timely filed identical proofs of claim
for $745,000 against Preferred Retreats and Private Retreats
Tortola, LLC.  No objection has been filed to the Multihull
Proofs of Claim.

Mr. Gram, et al., wanted the Debtors to provide more information
regarding the lawsuits involving Mr. Gram, et al., and the
Debtors; the proposed substantive consolidation; the termination
of Xroads Solutions Group, LLC's engagement and the subsequent
withdrawal of termination by the Debtors' board of directors; the
Debtors' liquidation analysis and alternatives to the Plan.

The Debtors filed the Modified Plan and Disclosure Statement to
address the objections.  The Debtors noted under the August 30
Modified Disclosure Statement that the Gram Defendants have
denied any liability and have asserted that they exercised their
rights under various agreements with the Debtors.

The Debtors also anticipated objections to the proposed
substantive consolidation.  To the extent the objections are not
resolved, or the Court does not overrule them, the Debtors said
they may withdraw the request for substantive consolidation of
some or of all of the Debtors and DR Umbria and Retreats Europe.

The Debtors reserved the right to modify the Plan or to convert
to Chapter 7 some or all of their cases if they are not allowed
substantively consolidation.

The Debtors also pointed out that their ability and that of the
Liquidating Trustee to collect significant proceeds from the
Causes of Action or asset sales is speculative.  The potential
for any increased recovery for holders of Allowed Class 3 General
Unsecured Claims, the Debtors said, would decline in the event
that the Debtors or the Liquidating Trustee was not able to
collect significant proceeds from the Causes of Action or the
sales of the other Liquidating Trust Assets for any reason.

                      Solicitation Procedures

Judge Shiff also approved the Debtors' procedures for soliciting
and tabulating votes for their Modified First Amended Plan of
Liquidation.

Judge Shiff sets Aug. 23, 2007, as the record date for
determining which creditors are entitled to vote on the Plan and
to receive solicitation and other related forms.

All Ballots on the Plan must be received by Donlin, Recano &
Company, Inc., the Debtors' the Balloting Agent, on Oct. 5,
2007.

The Court directs the Debtors to serve the Disclosure Statement
and the Plan on or before Sept. 6, 2007, to the notice parties.

                   About Complete Retreats

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.

Complete Retreats and its debtor-affiliates filed for chapter 11
protection on July 23, 2006 (Bankr. D. Conn. Case No. 06-50245).
Nicholas H. Mancuso, Esq. and Jeffrey K. Daman, Esq. at Dechert
LLP represent the Debtors in their restructuring efforts.  Michael
J. Reilly, Esq., at Bingham McCutchen LP, in Hartford,
Connecticut, serves as counsel to the Official Committee of
Unsecured Creditors.  No estimated assets have been listed in the
Debtors' schedules, however, the Debtors disclosed $308,000,000 in
total debts.  (Complete Retreats Bankruptcy News, Issue No. 32
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/
or 215/945-7000).  


COMPLETE RETREATS: Plan Confirmation Hearing Set for October 23
---------------------------------------------------------------
The Honorable Alan H.W. Shiff of the U.S. Bankruptcy Court for the
District of Connecticut will hold a hearing to consider
confirmation of Complete Retreats LLC and its debtor-affiliates'
Modified Amended Plan of Liquidation on Oct. 23, 2007, at 2:00
p.m.

Objections, if any, to the confirmation of the Modified Plan are
due October 5.

Headquartered in Westport, Connecticut, Complete Retreats LLC
operates five-star hospitality and real estate management
businesses.  In addition to its mainline destination club
business, the Debtor also operates an air travel program for
destination club members, a villa business, luxury car rental
services, wine sales services, fine art sales program, and other
amenity programs for members.

Complete Retreats and its debtor-affiliates filed for chapter 11
protection on July 23, 2006 (Bankr. D. Conn. Case No. 06-50245).
Nicholas H. Mancuso, Esq. and Jeffrey K. Daman, Esq. at Dechert
LLP represent the Debtors in their restructuring efforts.  Michael
J. Reilly, Esq., at Bingham McCutchen LP, in Hartford,
Connecticut, serves as counsel to the Official Committee of
Unsecured Creditors.  No estimated assets have been listed in the
Debtors' schedules, however, the Debtors disclosed $308,000,000 in
total debts.  (Complete Retreats Bankruptcy News, Issue No. 32
Bankruptcy Creditors' Service Inc., http://bankrupt.com/newsstand/
or 215/945-7000).  


COUDERT BROS: Can Solicit Plan Acceptances Until Jan. 24, 2008
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
further extended Coudert Brothers LLP's exclusive periods to
solicit acceptances of its Plan until Jan. 24, 2008.

As reported in the Troubled Company Reporter on Aug. 27, 2007, the
Debtor told the Court that it needs sufficient time to solicit
acceptances from its impaired creditors as well as to finalize its
plan and disclosure statement.

The Debtor reminded the Court that it filed a non-final version of
the disclosure statement related to its plan of liquidation on
March 23, 2007, with the support of its Official Committee of
Unsecured Creditors.

The Debtor said that its exclusive period to solicit acceptances
expired on Aug. 21, 2007.

Coudert Brothers LLP was an international law firm specializing in
complex cross border transactions and dispute resolution.  The
firm had operations in Australia and China.  The Debtor filed for
Chapter 11 protection on Sept. 22, 2006 (Bankr. S.D.N.Y. Case
No. 06-12226).  John E. Jureller, Jr., Esq., and Tracy L.
Klestadt, Esq., at Klestadt & Winters, LLP, represent the Debtor
in its restructuring efforts.  Brian F. Moore, Esq., and David J.
Adler, Esq., at McCarter & English, LLP, represent the Official
Committee Of Unsecured Creditors.  In its schedules of assets and
debts, Coudert listed total assets of $29,968,033 and total
debts of $18,261,380.


DANA CORP: Inks Settlement Agreement With Retiree Committee
-----------------------------------------------------------
Stahl Cowen Crowley LLC, of Chicago, Illinois, counsel to the
Chapter 11 Dana Retiree Committee, disclosed that Dana
Corporation, Inc. has entered into a settlement agreement with the
Dana Retiree committee over the retiree's rights to benefits.  
Dana had sought Bankruptcy Court approval to terminate all of its
retirees' rights to health benefits.

As a result of the settlement Stahl Cowen Crowley negotiated on
behalf of Dana's non-union retirees, Dana will

   (1) pay for retiree benefits for non-union retirees through
       July 1, 2007;

   (2) contribute $78 million dollars to fund a trust be used  
       for providing retiree benefits;

   (3) pay for the cost of setting up the trust; and

   (4) work with the Retiree Committee to explore offering life
       insurance conversions (with the cost being paid by any  
       retiree seeking conversion) when and if the underlying
       policies allow for conversions.

The Retiree Committee will, through the trust, create new health
insurance plans for the retirees to move into, with the trust
funds to be used to pay for a portion of the premiums of such
plans through the remainder of the retirees' lives.

Stahl Cowen Crowley, led by Jon Cohen and Trent Cornell, was
selected to serve as counsel for the Non-Union Retiree Committee
of Dana and 40 of its subsidiaries in September 2006.  Mr. Cohen
and Mr. Cornell previously served as lead counsel to the retiree
committees in FV Steel, Inc. (Keystone) and Intermet, Inc. and
their debtor affiliates.  Stahl Cowen Crowley has extensive
experience representing Chapter 11 retiree committees, having
represented more Chapter 11 retiree committees than any other firm
in the country.

Stahl Cowen Crowley LLC is a Chicago-based law firm focused on
serving the needs of business enterprises in today's dynamic
marketplace.  The firm provides sophisticated, yet cost effective
legal counsel to organizations ranging from the entrepreneurial to
large, publicly traded corporations and municipalities.  Practice
areas include Bankruptcy & Restructuring, Corporate, Mergers &
Acquisitions, Litigation, Local Government, Real Estate and Trusts
& Estates.

                      About Dana Corp.

Toledo, Ohio-based Dana Corp. -- http://www.dana.com/-- (OTC  
Bulletin Board: DCNAQ) designs and manufactures products for every
major vehicle producer in the world, and supplies drivetrain,
chassis, structural, and engine technologies to those companies.  
Dana employs 46,000 people in 28 countries.  Dana is focused on
being an essential partner to automotive, commercial, and off-
highway vehicle customers, which collectively produce more than 60
million vehicles annually.

The company and its affiliates filed for chapter 11 protection on
Mar. 3, 2006 (Bankr. S.D.N.Y. Case No. 06-10354).  As of Sept. 30,
2005, the Debtors listed $7,900,000,000 in total assets and
$6,800,000,000 in total debts.

Corinne Ball, Esq., and Richard H. Engman, Esq., at Jones Day, in
Manhattan and Heather Lennox, Esq., Jeffrey B. Ellman, Esq.,
Carl E. Black, Esq., and Ryan T. Routh, Esq., at Jones Day in
Cleveland, Ohio, represent the Debtors.  Henry S. Miller at
Miller Buckfire & Co., LLC, serves as the Debtors' financial
advisor and investment banker.  Ted Stenger from AlixPartners
serves as Dana's Chief Restructuring Officer.

Thomas Moers Mayer, Esq., at Kramer Levin Naftalis & Frankel LLP,
represents the Official Committee of Unsecured Creditors.  Fried,
Frank, Harris, Shriver & Jacobson, LLP serves as counsel to the
Official Committee of Equity Security Holders.  Stahl Cowen
Crowley, LLC serves as counsel to the Official Committee of Non-
Union Retirees.  


DANA CORP: Wants Disclosure Statement Hearing Set for October 23
----------------------------------------------------------------
Dana Corp. and its debtor-affiliates ask the U.S. Bankruptcy Court
for the Southern District of New York to schedule the hearing on
their disclosure statement explaining their Joint Plan of
Reorganization on October 23, 2007.

The Debtors also ask the Court to schedule the objection deadline
for the Disclosure Statement on October 12, 2007.

The Debtors will provide notice of the Disclosure Statement
Hearing to all known creditors, equity security holders, other
parties-in-interest, and their counsel.  The Disclosure Statement
Notice will identify the date, time and place of the Hearing and
the deadline and procedures for asserting objections to the
approval of the Disclosure Statement.

The Debtors will publish the Disclosure Statement Notice in the
national editions of The Wall Street Journal and USA Today, and
the daily edition of The Blade.

The Debtors propose that Disclosure Statement Objections must be
in writing and submitted to:

  * Dana Corporation
    4500 Dorr Street
    Toledo, Ohio 43615
    Attn.: Marc S. Levin, Esq.

  * Jones Day
    222 East 41st Street
    New York, New York 10017
    Attn: Corinne Ball, Esq., and Veerle Roovers, Esq.

  * Office of the U.S. Trustee
    33 Whitehall Street
    21st Floor
    New York, New York 10004
    Attn.: Andrew Velez-Rivera, Esq.,

  * Kramer Levin Naftalis & Frankel, LLP
    1177 Avenue of the Americas
    New York, New York 10036
    Attn.: Thomas Moers Mayer, Esq.

  * Stroock & Stroock & Lavan, LLP
    180 Maiden Lane
    New York, New York 10038
    Attn.: Kristopher M. Hansen, Esq.

  * Willkie Farr Gallagher, LLP
    787 Seventh Avenue
    New York, New York 10019
    Attn.: Matthew A. Feldman, Esq.

  * Meyer Souzzi English & Klein, PC
    1350 Broadway, Suite 501
    New York, New York 10018
    Attn.: Lowell Peterson, Esq.

  * Cohen Weiss and Simon, LLP
    330 West 42nd Street
    New York, New York 10036
    Attn.: Babette Ceccotti, Esq.

Toledo, Ohio-based Dana Corp. -- http://www.dana.com/-- designs
and manufactures products for every major vehicle producer in the
world, and supplies drivetrain, chassis, structural, and engine
technologies to those companies.  Dana employs 46,000 people in
28 countries.  Dana is focused on being an essential partner to
automotive, commercial, and off-highway vehicle customers, which
collectively produce more than 60 million vehicles annually.  

The company and its affiliates filed for chapter 11 protection on
Mar. 3, 2006 (Bankr. S.D.N.Y. Case No. 06-10354).  As of Sept. 30,
2005, the Debtors listed $7,900,000,000 in total assets and
$6,800,000,000 in total debts.

Corinne Ball, Esq., and Richard H. Engman, Esq., at Jones Day, in
Manhattan and Heather Lennox, Esq., Jeffrey B. Ellman, Esq.,
Carl E. Black, Esq., and Ryan T. Routh, Esq., at Jones Day in
Cleveland, Ohio, represent the Debtors.  Henry S. Miller at
Miller Buckfire & Co., LLC, serves as the Debtors' financial
advisor and investment banker.  Ted Stenger from AlixPartners
serves as Dana's Chief Restructuring Officer.  

Thomas Moers Mayer, Esq., at Kramer Levin Naftalis & Frankel LLP,
represents the Official Committee of Unsecured Creditors.  Fried,
Frank, Harris, Shriver & Jacobson, LLP serves as counsel to the
Official Committee of Equity Security Holders.  Stahl Cowen
Crowley, LLC serves as counsel to the Official Committee of
Non-Union Retirees.  

The Debtors filed their Joint Plan of Reorganization on Aug. 31,
2007.  (Dana Corporation Bankruptcy News, Issue No. 51; Bankruptcy
Creditors' Service Inc.; http://bankrupt.com/newsstand/or  
215/945-7000).


DAVID THOMAS: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: David Dwayne Thomas
        9009 FM 620 North, Suite 602
        Austin, TX 78726

Bankruptcy Case No.: 07-11631

Chapter 11 Petition Date: August 31, 2007

Court: Western District of Texas (Austin)

Judge: Frank R. Monroe

Debtor's Counsel: Gray Byron Jolink, Esq.
                  4131 Spicewood Springs Road
                  Building C-8
                  Austin, TX 78759
                  Tel: (512) 346-7717
                  Fax: (512) 346-7714

Estimated Assets: $1 Million to $10 Million

Estimated Debts:  $10 Million to $50 Million

The Debtor did not file a list of its 20 largest unsecured
creditors.


DECKER OAK: Section 341(a) Meeting Scheduled for September 20
-------------------------------------------------------------
The United States Trustee for Region 7 will convene a meeting
of Decker Oaks Land Company Ltd. and its debtor-affiliates'
creditors on Sept. 20, 2007, 10:00 a.m., at 515 Rusk Suite 3401 in
Houston.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
Meeting of Creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

Headquartered in Tomball, Texas, Decker Oaks Land Company Ltd.
filed for Chapter 11 protection on Aug. 14, 2007 (Bankr. S.D. Tex.
Case No. 07-35558).  No Official Committee of Unsecured Creditors
have been appointed in this case.  Margaret Maxwell McClure, Esq.,
represents the Debtors in its restructuring efforts.  When the
Debtors filed for protection from its creditors, it listed assets
and debts between $1 million and $100 million.


DURA AUTOMOTIVE: Sub. Noteholders Appeal Pacificor Backstop Accord
------------------------------------------------------------------
Beneficial holders and indenture trustees under subordinated
notes and debentures, which are entitled to zero recovery under
the proposed Chapter 11 plan of Dura Automotive Systems Inc.
and its 41 debtor-affiliates, took an appeal to the U.S. District
Court for the District of Delaware from the U.S. Bankruptcy Court
for the District of Delaware's order approving Dura's backstop
rights purchase agreement with Pacificor, LLC.

Under the Backstop Agreement, Pacificor will purchase shares of  
Reorganized Dura common stock that are unsubscribed at the
expiration of a rights offering.  Dura intends to offer to senior
noteholders 39.4% to 42.6% of new common stock, in exchange for a
money investment of between $140,000,000 to $160,000,000.  Dura
expects to emerge from bankruptcy in the fourth quarter of 2007.

Beneficial holders of approximately $105,000,000 in face amount
of 9% senior subordinated notes due May 2009; U.S. Bank Trust
National Association, as indenture trustee for the holders of
three series of Dura Operating Corp.'s 9% Senior Subordinated
Notes due 2009; and HSBC Bank USA National Association, successor
indenture trustee under the 7 1/2% Convertible Subordinated
Debentures due March 31, 2028, however, raised before the
Bankruptcy Court a number of issues, including:

   (i) The proposed transactions constitute a sub rosa plan that
       eliminates more than $600,000,000 in value, without
       allowing the noteholders and other affected constituencies
       any meaningful participation in the plan process;

  (ii) The Backstop Agreement appear to cede control of a
       significant portion of the plan process to Pacificor; and

(iii) Pacificor's fees, which include a $2,000,000 immediately
       payable upon the approval of the Agreement, and up to
       $1,000,000 in reimbursable expenses, are excessive.

The Debtors previously submitted a term sheet containing the
terms of a Chapter 11 plan contemplated by the Debtors.  Under
the Backstop Agreement, Pacificor will have the right to
terminate the Agreement if the Debtors file, or subsequently
modify, a Chapter 11 plan containing terms not acceptable to it.  
The terms subject to Pacificor's acceptance include:

   (a) Exit Facility;
   (b) Size and composition of the Board of Directors;
   (c) Exercise Price;
   (d) New Organizational Documents;
   (e) Subscription Agreement and related notices and forms;
   (f) Stockholders' Agreement;
   (g) Registration Rights Agreement; or
   (h) Effective Date.

Bankruptcy Court Judge Kevin J. Carey, nonetheless, overruled the
objections and approved the Backstop Deal, which paved the way
for the Debtors to file their plan of reorganization, containing
the terms provided for in the Plan Term Sheet, on Aug. 22, 2007.  

The Bankruptcy Court appeared to have ceded to the Debtors'
arguments that the Backstop Agreement is not a sub rosa plan --
it does not purport to, outside the plan confirmation process:
(a) bind creditors to vote for a plan; (b) determine
distributions; or (c) release parties' claims against the
Debtors.  The Debtors noted that the objectors are still entitled
to protections under Section 1129 of the Bankruptcy Code as the
Backstop Agreement cannot, by its very terms, be consummated
unless a plan of reorganization is confirmed and consummated.  

The Debtors also argued that given that Pacificor has committed
to fund as much as $160,000,000 towards their successful
reorganization, it is entitled to "reasonable contractual
protections" and the negotiated fees, which are consistent with
fees charged in other Chapter 11 cases.

U.S. Bank, is represented by John R. Ashmead, Esq., at Seward &
Kissell LLP, in New York, and Donal J. Detweiler, Esq., at
Greenberg Traurig LLP, in Wilmington, Delaware.

The Subordinated Noteholders are represented by Tobey M. Daluz,
Esq., at Ballard Spahr Andrews & Ingersoll, LLP, in Wilmington,
Delaware.

HSBC is represented by David E. Retter, Esq., at Kelley Drye &
Warren LLP, in New York.

Dura is represented by Daniel J. De Franceschi, Esq., at
Richards, Layton & finger, P.A., in Wilmington, Delaware, and
Richard M. Cieri, Esq., at Kirkland & Ellis LLP, in Chicago,
Illinois.

Rochester Hills, Mich.-based DURA Automotive Systems Inc.
(Nasdaq: DRRA) -- http://www.DURAauto.com/-- is an independent
designer and manufacturer of driver control systems, seating
control systems, glass systems, engineered assemblies, structural
door modules and exterior trim systems for the global automotive
industry.  The company is also a supplier of similar products to
the recreation vehicle and specialty vehicle industries.  DURA
sells its automotive products to North American, Japanese and
European original equipment manufacturers and other automotive
suppliers.

The Debtors filed for chapter 11 petition on Oct. 30, 2006 (Bankr.
D. Del. Case No. 06-11202).  Richard M. Cieri, Esq., Marc
Kieselstein, Esq., Roger James Higgins, Esq., and Ryan Blaine
Bennett, Esq., of Kirkland & Ellis LLP are lead counsel for the
Debtors' bankruptcy proceedings.  Mark D. Collins, Esq., Daniel J.
DeFranseschi, Esq., and Jason M. Madron, Esq., of Richards Layton
& Finger, P.A. Attorneys are the Debtors' co-counsel.  Baker &
McKenzie acts as the Debtors' special counsel.  Togut, Segal &
Segal LLP is the Debtors' conflicts counsel.  Miller Buckfire &
Co., LLC is the Debtors' investment banker.  Glass & Associates
Inc., gives financial advice to the Debtor.  Kurtzman Carson
Consultants LLC handles the notice, claims and balloting for the
Debtors and Brunswick Group LLC acts as their Corporate
Communications Consultants for the Debtors.  As of July 2, 2006,
the Debtor had $1,993,178,000 in total assets and $1,730,758,000
in total liabilities.


EDISON HOTELS: Voluntary Chapter 11 Case Summary
------------------------------------------------
Lead Debtor: Edison Hotels and Resorts Company
             dba Edison Walthall Hotel
             225 East Capitol Street
             Jackson, MS 39201

Bankruptcy Case No.: 07-02737

Debtor-affiliates filing separate Chapter 11 petitions:

        Entity                                     Case No.
        ------                                     --------
        Earl E. Gaylor                             07-02743

Type of business: The Debtors operate the Edison Walthall Hotel,
                  which offers 208 guest rooms with 23 suites,
                  banquet facilities and food.  See
                  http://www.edisonwalthallhotel.com/

Chapter 11 Petition Date: August 31, 2007

Court: Southern District of Mississippi (Jackson)

Judge: Neil P. Olack

Debtors' Counsel: Craig M. Geno, Esq.
                  Harris, Jernigan & Geno, P.L.L.C.
                  587 Highland Colony Parkway
                  P.O. Box 3380
                  Ridgeland, MS 39157
                  Tel: (601) 427-0048
                  Fax: (601) 427-0050

                            Estimated Assets       Estimated Debts
                            ----------------       ---------------
Edison Hotels and Resorts      $1 Million to         $1 Million to
Company                         $100 Million          $100 Million

Earl E. Gaylor                 $1 Million to         $1 Million to
                                $100 Million          $100 Million

The Debtors do not have list of their largest unsecured creditors.


EQ ENTERPRISES: Case Summary & 19 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: E.Q. Enterprises, Inc.
        2601 Marion
        Laredo, TX 78043

Bankruptcy Case No.: 07-50180

Type of business: The Debtor provides finished carpentry and trim
                  services.

Chapter 11 Petition Date: August 31, 2007

Court: Southern District of Texas (Laredo)

Judge: Wesley W. Steen

Debtor's Counsel: Carl Michael Barto, Esq.
                  Ramos and Barto, Esq.
                  611 Hidalgo
                  Laredo, TX 78040
                  Tel: (956) 725-7500
                  Fax: (956) 722-6739

Total Assets: $2,232,828

Total Debts:  $2,405,012

Debtor's 19 Largest Unsecured Creditors:

   Entity                      Nature of Claim       Claim Amount
   ------                      ---------------       ------------
Cadback Staffing               Services                  $154,806
5411 McPherson, Suite 104
Laredo, Texas 78041

Components Plus                Services                  $105,370
1100 Nasa Parkway, Suite 100
Houston, Texas 77058-3325

United Rentals                 Rental Equipment           $68,124
PO Box 846394
Dallas, Texas 75284-6394

Delta Steel                    Services                   $66,587

Brooke Army Medical Center     Medical services           $60,872

Triple S Steel                 Services                   $46,563

American Express               Credit card                $40,372

Internal Revenue Service       940 & 941 taxes            $38,788

C.C. Crane & Rigging, Inc.     Supplies                   $30,550

Laredo National Bank           Overdraft                  $30,008

A.I.G.                         Services                   $28,266

Falcon International Bank      Loan                       $26,272

Laredo National Bank           Loan                       $24,589

Galvacer America               Services                   $22,000

Christus Health Santa Rosa     Medical services           $19,976

Mueller-Guality International  Services                   $18,452

Xingu, Ltd.                    Services                   $18,042

White Cap                      Services                   $17,656

Abraham Steel                  Vendor                     $17,345


FEDERAL-MOGUL: Court Extends Lease Decision Deadline to December 1
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware to extend
the period within which Federal-Mogul Corporation and its debtor-
affiliates may assume or reject non-residential real property
leases through and including the earlier of:

  (a) Dec. 1, 2007; or

  (b) the effective date of a plan of reorganization.

As reported in the Troubled Company Reporter on Aug. 15, 2007, the
Real Property Leases relate to numerous facilities integral
to the Debtors' ongoing business operations, notes James E.
O'Neill, Esq., at Pachulski, Stang, Ziehl, Young, Jones  &
Weintraub LLP, in Wilmington, Delaware.  While the Debtors'
management has largely completed the process of evaluating each
of the Real Property Leases for their economic desirability and
compatibility with the Debtors' long-term strategic business
plan, and a number of economically improvident Real Property
Leases have been rejected by the Debtors with the Court's
approval, several Real Property Leases are continuing to be
evaluated, Mr. O'Neill tells Judge Fitzgerald.  He notes that the
process of evaluating Real Property Leases has taken place as the
Debtors seek to (i) consolidate their facilities to eliminate
redundancies and inefficiencies; and (ii) shift certain
manufacturing efforts to portions of the country and the world
more suitable to their businesses, consistent with their overall
business plan.

An extension, Mr. O'Neill asserted, should be granted to:

  (1) allow time for the Debtors' evaluation process to
      continue; and

  (2) afford the Debtors maximum flexibility in restructuring
      their business.

"Given the inherent fluidity in the operation of a large, complex
business enterprise such as the Debtors', circumstances may arise
during the pendency of there Chapter 11 cases that will cause the
Debtors to rethink the need to continue leasing a particular
facility or their decision to reject a given Real Property
Lease," Mr. O'Neill points out.  "In the absence of an
extension . . . the Debtors could be forced prematurely to assume
Real Property Leases that may later be burdensome, giving rise to
large potential administrative claims against the Debtors'
estates and hampering the Debtors' ability to reorganize
successfully.  Alternatively, the Debtors could be forced
prematurely to reject Real Property Leases that would have been
of benefit to the Debtors' estates, to the collective detriment
of all stakeholders."

The Debtors request does not prejudice the lessors under the Real
Property Leases because the Debtors will continue to perform all
of their obligations under the Leases in a timely fashion,
including payment of all postpetition rent due,  Mr. O'Neill
assured the Court.

                      About Federal-Mogul

Headquartered in Southfield, Michigan, Federal-Mogul Corporation
-- http://www.federal-mogul.com/-- is an automotive parts company
with worldwide revenue of some $6 billion.  Federal-Mogul also has
operations in Mexico and the Asia Pacific Region, which includes,
Malaysia, Australia, China, India, Japan, Korea, and Thailand.

The Company filed for chapter 11 protection on Oct. 1, 2001
(Bankr. Del. Case No. 01-10582).  Lawrence J. Nyhan Esq., James F.
Conlan Esq., and Kevin T. Lantry Esq., at Sidley Austin Brown &
Wood, and Laura Davis Jones Esq., at Pachulski, Stang, Ziehl,
Young, Jones & Weintraub, P.C., represent the Debtors in their
restructuring efforts.  When the Debtors filed for protection from
their creditors, they listed $10.15 billion in assets and
$8.86 billion in liabilities.  Federal-Mogul Corp.'s U.K.
affiliate, Turner & Newall, is based at Dudley Hill, Bradford.
Peter D. Wolfson, Esq., at Sonnenschein Nath & Rosenthal; and
Charlene D. Davis, Esq., Ashley B. Stitzer, Esq., and Eric M.
Sutty, Esq., at The Bayard Firm represent the Official Committee
of Unsecured Creditors.

On March 7, 2003, the Debtors filed their Joint Chapter 11 Plan.
They submitted a Disclosure Statement explaining that plan on
April 21, 2003.  They submitted several amendments and on June 6,
2004, the Bankruptcy Court approved the Third Amended Disclosure
Statement for their Third Amended Plan.  On July 28, 2004, the
District Court approved the Disclosure Statement.  The estimation
hearing began on June 14, 2005.  The Debtors submitted a Fourth
Amended Plan and Disclosure Statement on Nov. 21, 2006, and the
Bankruptcy Court approved that Disclosure Statement on Feb. 6,
2007.  The confirmation hearing started on June 18, 2007 and is
expected to end on Oct. 1, 2007.  (Federal-Mogul Bankruptcy News,
Issue No. 146; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


FINAL ANALYSIS: Wants Until December 26 to File Chapter 11 Plan
---------------------------------------------------------------
Final Analysis Communication Services Inc. asks the United States
Bankruptcy Court for the District of Maryland to further extend
its exclusive periods to:

   a. file a Chapter 11 plan until Dec. 26, 2007; and

   b. solicit acceptances of that plan until Feb. 24, 2008.

The Debtor's exclusive period to file a plan expired on
Aug. 28, 2007.

The Debtor tells the Court that it needs more time to obtain
important information regarding its plan of reorganization.

The Debtor adds that it also needs sufficient time to resolve an
issue with General Dynamics Information Services Inc., which is
currently on appeal in the U.S. Court of Appeals for the Fourth
Circuit.

Lanham, Md.-based Final Analysis Communication Services Inc. filed
a voluntary Chapter 11 petition on Dec. 29, 2006 (Bankr. D. Md.
Case No. 06-18520).  J. Daniel Vorsteg, Esq., Paul M. Nussbaum,
Esq., and Martin T. Fletcher, Esq., at Whiteford, Taylor &
Preston, LLP, represent the Debtor.  No official committee of
unsecured creditors has been appointed in the case at this time.
When it filed for bankruptcy, the Debtor estimated its assets at
more than $100 million and debts at $1 million to $100 million.


FIRST MAGNUS: U.S. Trustee Appoints Unsecured Creditors Committee
-----------------------------------------------------------------
Ilene J. Lashinsky, United States Trustee for the District of
Arizona, appointed five members to the Official Committee of
Unsecured Creditors in the Chapter 11 case of First Magnus
Financial Corporation.

The Creditors Committee members are:

   1) Vanguard Legato Group
      Attn: Timothy Thomas
      2202 N. First St.
      San Jose, CA 95131
      Tel: (408) 325-3225
      Fax: (408) 516-5304

   2) National Bank of Arizona
      c/o Matthew R. K. Waterman
      One South Church Avenue, STE 1500
      Tucson, AZ 85701-1630
      Tel: (520) 882-1228
      Fax: (520) 884-1294

   3) Hilton & Myers Advertising, Inc.
      Attn: Douglas S. Myers
      3350 N. Country Club
      Tucson, AZ 85716
      Tel: (520) 881-4550 ext. 274
      Fax: (520) 881-4696

   4) Aurora Loan Services, LLC
      Attn: Justin Balser
      10350 Perk Meadows Drive
      Littleton, CO 80124
      Tel: (720) 945-3000
      Fax: (720) 945-3081

   5) Pyro Brand Development, LLC
      Attn: John Beitter
      8750 N. Central Expressway, STE 1050      
      Dallas, TX 75231
      Tel: (214) 891-5700
      Fax: (214) 891-5289

                   WNS Wants to Join Committee

WNS North America Inc. asks the U.S. Bankruptcy Court for the
District of Arizona that it be included in the Creditors
Committee.  
WNS notes that that it was listed by the Debtor on its list of 20
largest unsecured creditors, as the holder of the second largest
unsecured claims amounting to approximately $2,800,000.  WNS adds
that its general counsel Robert E. Michael, Esq., Robert E.
Michael & Associates, PLLC, in New York, is very knowledgeable
about securitization issues and finance and could assist the
Committee understand and analyze the issues likely to be raised
in this case through the participation of WNS on the Committee.

WNS says that it wasn't appointed by the U.S. Trustee to the
Committee because the Debtor's parent First Magnus Capital, owns
approximately 1% of the shares of WNS.  WNS, however, points out
that the U.S. Trustee has not explained why this would render WNS
unwilling or unable to perform its fiduciary obligation to
protect the interests of unsecured creditors.  

                       About First Magnus

Based in Tucson, Arizona, First Magnus Financial Corporation --
http://www.firstmagnus.com/-- purchases and sells prime and Alt-A  
mortgage loans secured by one-to-four unit residences.  The
company filed for chapter 11 protection on August 21, 2007 (Bankr.
D. Ariz. Case No.: 07-01578).  When the Debtor filed for
bankruptcy, it listed total assets of $942,109,860 and total
debts of $812,533,046.  

The Debtor's exclusive period to file a plan expires on Dec. 19,
2007.  (First Magnus Bankruptcy News, Issue No. 3; Bankruptcy
Creditors' Service Inc. http://bankrupt.com/newsstand/or  
215/945-7000).


FLEXTRONICS INT'L: Inks Acquisition Deal with Avail Medical
-----------------------------------------------------------
Flextronics International Ltd. has entered into a definitive
agreement with Avail Medical Products Inc. to acquire Avail.

The addition of Avail's medical design, manufacturing and
logistics capabilities for disposable medical device products and
medical capabilities afforded by the pending Solectron acquisition
will broaden Flextronics Medical segment's offerings, and
establish Flextronics as supplier and partner for the medical
industry.
   
"When our core medical business is combined with the capabilities
of Avail and the services that we will add from the pending
Solectron acquisition, Flextronics Medical will increase the range
of services it offers customers to include design, manufacturing
and logistics of disposable medical devices, hand held diagnostics
and drug delivery devices and imaging, lab and life sciences
equipment," Dan Croteau, president of Flextronics Medical, said.  
"Not only will we have one of the broadest ranges of capabilities
in the medical industry, this strategic combination of world-class
resources demonstrates our commitment to providing our medical
customers with an unmatched level of global capabilities."
    
"The combination of Avail and Flextronics Medical will allow us to
build upon our combined global manufacturing footprint and supply
chain organization to provide customers with the services they
require to sustain a competitive edge in the global marketplace
for complex medical products," J. Randall Keene, president and
chief executive officer of Avail, said.  "Together, we will also
have the ability to accelerate product development and simplify
customer supply chains by building upon Flextronics's advanced
electronics capabilities and adding the disposable medical device
experience of Avail."
    
Avail is expected to generate approximately $250 million of sales
in calendar 2007, from a product portfolio that consists of
disposable medical products that includes catheters, wound
management and drug delivery devices.  

The acquisition is expected to close before the end of the
calendar year and it is expected that this acquisition will be
neutral to the diluted earnings per share guidance for all periods
provided by Flextronics.  Additional terms of the deal were not
disclosed.

               About Avail Medical Products Inc.

Headquartered in Fort Worth, Texas, Avail Medical Products Inc. -–
http://www.availmed.com/-- is a privately-held company in  
disposable medical devices.

                About Flextronics International    
    
Headquartered in Singapore Flextronics International Ltd. (Nasdaq:
FLEX) -- http://www.flextronics.com/-- is an Electronics  
Manufacturing Services provider focused on delivering complete
design, engineering and manufacturing services to automotive,
computing, consumer digital, industrial, infrastructure, medical
and mobile OEMs.  Flextronics helps customers design, build, ship,
and service electronics products through a network of facilities
in over 30 countries on four continents.

                          *     *     *

Moody's Investor Services placed Flextronics Intenational's long
term corporate family and probability of default ratings at "Ba1"
in June 4, 2007.


FORD MOTOR: Reports 14% Decline in Overall U.S. Sales for August
----------------------------------------------------------------
Ford Motor Company disclosed on Tuesday that demand continues to
grow for the company's all-new and redesigned crossover vehicles,
but overall U.S. sales declined in August.

Total August sales were 218,332, down 14 percent compared with a
year ago.  Sales to daily rental companies were down 44 percent
and sales to individual retail customers were down 13 percent.

Ford, Lincoln and Mercury's all-new and redesigned crossover
utility sales were up 82 percent in August and up 48 percent year-
to-date – the largest increase of any major manufacturer.
  
"We are encouraged by consumers' response to our new products,"
said Mark Fields, Ford's president of the Americas.  "Demand for
our new crossovers continues to grow despite challenging economic
conditions."

In August, Ford Edge sales were 10,165 and Lincoln MKX sales were
3,421.  The Edge and Lincoln MKX were introduced in December 2006
and already are among the best sellers in the mid-size and premium
CUV segments.

Sales for the redesigned 2008 model Ford Escape and Mercury
Mariner crossovers were higher in August.  Escape sales were
11,960, up 4 percent, and Mariner sales were 2,939, up 6 percent.

Sales for the new Ford Expedition (up 17 percent) and Lincoln
Navigator (up 57 percent) also were higher than a year ago.  
Expedition sales were up for the twelfth consecutive month.

The Lincoln brand posted its eleventh month in a row of higher
retail sales.  In August, total Lincoln sales were up 16 percent
(retail up 17 percent).  Year-to-date, total Lincoln sales were up
13 percent (retail up 14 percent).  Lincoln's rebound reflects the
new Lincoln MKX crossover, the new Lincoln MKZ sedan and the
redesigned Navigator.

Land Rover dealers reported record August sales of 4,853, up 32
percent, reflecting the addition of the all-new LR2 crossover.  
Land Rover sales were up 6 percent year-to-date.

                    North American Production

In the fourth quarter 2007, the company plans to produce 640,000
vehicles, up 6 percent compared with the fourth quarter 2006.    
In the third quarter 2007, the company plans to produce 640,000
vehicles, unchanged from the previous forecast.

"Our plan remains to align production capacity and inventories
with consumer demand," said Fields.  "Our second half production
is in line with this thinking."

Headquartered in Dearborn, Michigan, Ford Motor Co. (NYSE: F) --
http://www.ford.com/-- manufactures or distributes automobiles in    
200 markets across six continents.  With about 260,000 employees
and about 100 plants worldwide, the company's core and affiliated
automotive brands include Ford, Jaguar, Land Rover, Lincoln,
Mercury, Volvo, Aston Martin, and Mazda.  The company provides
financial services through Ford Motor Credit Company.

The company has operations in Japan in the Asia Pacific region.  
In Europe, the company maintains a presence in Sweden, and the
United Kingdom.  The company also distributes its brands in
various Latin American regions, including Argentina and Brazil.

                          *     *     *

As reported in the Troubled Company Reporter on July 30, 2007,
Moody's Investors Service said that the performance of Ford Motor
Company's global automotive operations for the second quarter of
2007 was significantly stronger than the previous year and better
than street expectations.

However, Moody's explained that the company continues to face
significant competitive and financial challenges, and the rating
agency expects that Ford's credit metrics and rate of cash
consumption will likely remain consistent with no higher than a B3
corporate family rating level into 2008.

According to the rating agency, Ford's corporate family rating is
currently a B3 with a negative outlook.  The rating is pressured
by the shift in consumer preference from high margin trucks and
SUVs, and by the need for a new 2007 UAW contract that provides
meaningful relief from high health care costs and burdensome work
rules, Moody's relates.

In June 2007, S&P raised the Issue Rating on Ford's senior secured
credit facilities to B+ from B.


FORD MOTOR: Ford Canada Reports 8.7% Sales Increase in August
-------------------------------------------------------------
Ford Motor Company of Canada Limited said Tuesday that sales
climbed in August, with overall sales hitting 8.7% over last
year's levels, led by Ford Fusion, Ford Escape, Lincoln MKZ and
others.

"We continue to welcome Canadian consumers into the Ford family,"
said Bill Osborne, president and chief executive officer, Ford
Motor Company of Canada  Limited.  "Throughout 2007, we have
offered what we believe to be the best products in the industry to
our customers.  Now, the 2008 model-year line-up delivers on
innovation and style with new vehicles like the redesigned 2008
Ford Focus, 2008 Ford Taurus and 2008 Ford Taurus X."

In August, Ford of Canada saw overall combined sales increase to
23,130 units.  Total truck sales were up 13.9% at 17,496 units.
Although car sales of 5,634 units mark a 4.9% decline, the Ford
Fusion and Lincoln MKZ had strong sales with increases of 8.9% and
54.7% respectively.

Headquartered in Dearborn, Michigan, Ford Motor Co. (NYSE: F) --
http://www.ford.com/-- manufactures or distributes automobiles in    
200 markets across six continents.  With about 260,000 employees
and about 100 plants worldwide, the company's core and affiliated
automotive brands include Ford, Jaguar, Land Rover, Lincoln,
Mercury, Volvo, Aston Martin, and Mazda.  The company provides
financial services through Ford Motor Credit Company.

The company has operations in Japan in the Asia Pacific region.  
In Europe, the company maintains a presence in Sweden, and the
United Kingdom.  The Company also distributes its brands in
various Latin American regions, including Argentina and Brazil.

                          *     *     *

As reported in the Troubled Company Reporter on July 30, 2007,
Moody's Investors Service said that the performance of Ford Motor
Company's global automotive operations for the second quarter of
2007 was significantly stronger than the previous year and better
than street expectations.

However, Moody's explained that the company continues to face
significant competitive and financial challenges, and the rating
agency expects that Ford's credit metrics and rate of cash
consumption will likely remain consistent with no higher than a B3
corporate family rating level into 2008.

According to the rating agency, Ford's corporate family rating is
currently a B3 with a negative outlook.  The rating is pressured
by the shift in consumer preference from high margin trucks and
SUVs, and by the need for a new 2007 UAW contract that provides
meaningful relief from high health care costs and burdensome work
rules, Moody's relates.

In June 2007, S&P raised the Issue Rating on Ford's senior secured
credit facilities to B+ from B.


GABRIEL EKEZYAN: Case Summary & Eight Largest Unsecured Creditors
-----------------------------------------------------------------
Debtors: Gabriel Ekezyan
         dba Super Shine Auto Detailing
         Armen Ekezyan
         1005 North Willow Avenue
         Clovis, CA 93611

Bankruptcy Case No.: 07-12655

Chapter 11 Petition Date: August 27, 2007

Court: Eastern District of California (Fresno)

Judge: Whitney Rimel

Debtors' Counsel: Hilton A. Ryder, Esq.
                  5 River Park Place East
                  Fresno, CA 93720-1501
                  Tel: (559) 433-1300

Total Assets: $5,263,600

Total Debts:  $2,546,794

Debtors' List of its Eight Largest Unsecured Creditors:

   Entity                               Claim Amount
   ------                               ------------
HPL Mobile Sound & Security                  $10,000
352 West Teague Avenue
Fresno, CA 93711

Fanfare Media Works, Inc.                     $2,400
25300 Rye Canyon Road
Valencia, CA 91355

Clear Channel Radio                           $2,322
5330 Office Center Court, Suite C
Bakersfield, CA 93309

A-Plus Signs                                  $2,000

P & S Sales, Inc.                             $1,250

Coffee Break Service, Inc.                      $960

Grainger                                        $482

Ron Paul Distributing                           $380


GENERAL MOTORS: Says U.S. Sales for August Up By More Than 5%
------------------------------------------------------------
General Motors Corp. said in a press statement Tuesday that its
dealers in the United States delivered 388,168 vehicles in August,
up more than 5% compared with year-ago monthly sales, a strong
performance that resulted in an anticipated highest-of-the-year
market share of nearly 26 percent.  Brisk sales of full-size
pickups and crossover SUVs led the increase.

"Bucking the trend in the industry, we were able to post healthy
sales results in August.  When combining retail sales with our
growing commercial business, our sales were up when compared with
last August.  Importantly, last month was our third-best retail
month of the year," said Mark LaNeve, vice president, GM North
America Vehicle Sales, Service and Marketing.  "With the double-
digit decline in daily rental sales so far this year, and an
overall market that remains challenging and competitive, we
continue to stabilize our retail share and pricing in the market."

Customers are also recognizing the quality of GM products.  A
recent study ranked Buick number one (tied with Lexus) in vehicle
dependability.  Another customer service survey has every GM brand
above the industry average score -better than Toyota, Mercedes-
Benz, Chrysler, Ford and Land Rover.  "The myth of import
superiority is being destroyed.  In countless independent consumer
surveys, blogs and expert reviews, it is becoming increasingly
evident that we build the highest quality vehicles and deliver
them with world-class service," LaNeve noted.

Overall incentive spending was flat compared with a year ago.
August inventories were down about 34,000 vehicles to
approximately 945,000 vehicles.

"August performance shows we're hitting the sweet spot on truck
programs, and our award-winning Chevy Silverado and GMC Sierra
full-size pickups are making important contributions on the retail
side," LaNeve added.  "Importantly, these vehicles contributed a
30% increase in full-size pickup retail sales, with Sierra kicking
in more than 22,500 retail sales in the month.  We are also
pleased with the ongoing success of the GMC Acadia, Saturn OUTLOOK
and Buick Enclave.  They are driving our mid-utility crossover
segment growth, which is up more than 400 percent compared with a
year ago despite short inventories.  As with many of our vehicles,
these all-new crossovers offer segment-leading fuel economy,
terrific performance and outstanding value."

The GMC Acadia, Saturn OUTLOOK and Buick Enclave together had
retail sales of more than 10,400 vehicles, pushing the significant
retail increase in GM's mid-crossover segment.

GM has 24 vehicles in the 2007 model lineup that achieve an EPA-
estimated 30 mpg highway or better.

Warranty coverage has increased substantially as a reason
consumers cite when buying a new GM vehicle.  GM's 5 Year/100,000
Mile Powertrain Limited Warranty continues to be a better choice
for customers.  GM's coverage focuses on the complete ownership
experience and includes other provisions that competitors do not
offer, including transferability to the next owner, more complete
coverage of parts, and coverage for new and certified used
vehicles.  In addition, GM offers superior complementary programs,
such as courtesy transportation and roadside assistance.  "GM
provides the best coverage in the industry and takes care of the
vehicle and the owner like no other vehicle manufacturer," LaNeve
added.

Headquartered in Detroit, Michigan, General Motors Corp. (NYSE:
GM) -- http://www.gm.com/-- was founded in 1908.  GM employs      
about 280,000 people around the world and manufactures cars and
trucks in 33 countries, including the United Kingdom, Germany,
France, Russia, Brazil and India.  In 2006, nearly 9.1 million
GM cars and trucks were sold globally under the following
brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden,
HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall.  GM's OnStar
subsidiary is the industry leader in vehicle safety, security
and information services.

                          *     *     *

As reported in the Troubled Company Reporter on May 28, 2007,
Standard & Poor's Ratings Services placed General Motors Corp.'s
corporate credit rating at B/Negative/B-3.

At the same time, Moody's Investors Service affirmed GM's B3
Corporate Family Rating and B3 Probability of Default Rating,
and maintained its SGL-3 Speculative Grade Liquidity Rating.  
The rating outlook remains negative, according to Moody's.


GENERAL MOTORS: GM Canada Sales Increased 3.2% in August
--------------------------------------------------------
General Motors of Canada said Tuesday that its dealers delivered a
total of 38,707 vehicles for August, an increase of 3.2% over the
same month last year.

Marc Comeau, GM of Canada's vice-president of sales, service, and
marketing said, "Our August sales increase was the result of
strong performance across our entire portfolio.  Our new crossover
utilities performed exceptionally well as did GM's leading
selection of small, fuel efficient vehicles."

Comeau added "We are looking forward to an exciting fall with the
launch of the European styled Chevrolet Malibu, the all new
Cadillac CTS and additions to GM's hybrid portfolio, including the
new Malibu hybrid and two-mode hybrid versions of the Chevrolet
Tahoe and GMC Yukon."

Sales Highlights for August

  -- GM's all-new family of crossover vehicles continue to perform   
     well with the GMC Acadia, Buick Enclave and Saturn Outlook
     driving a 69.8% increase in mid-utility sales.
  
  -- GM's broad selection of small, fuel efficient cars were up a
     combined 10%

  -- GM's Pontiac Division posted strong gains, up 19.5%, driven
     by double digit increases for the G5, G6, Grand Prix and
     Solstice.
    
  -- Chevrolet Silverado and GMC Sierra 1500 series crew cabs
     posted a combined increase of 54.2%, driven by strong demand
     in Western Canada.

  -- GM saw growth in van sales with the affordable Chevrolet
     Uplander and Pontiac Montana SV6 up 25.2% and 45.9%,
     respectively.

Headquartered in Detroit, Michigan, General Motors Corp. (NYSE:
GM) -- http://www.gm.com/-- was founded in 1908.  GM employs      
about 280,000 people around the world and manufactures cars and
trucks in 33 countries, including the United Kingdom, Germany,
France, Russia, Brazil and India.  In 2006, nearly 9.1 million
GM cars and trucks were sold globally under the following
brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden,
HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall.  GM's OnStar
subsidiary is the industry leader in vehicle safety, security
and information services.

                          *     *     *

As reported in the Troubled Company Reporter on May 28, 2007,
Standard & Poor's Ratings Services placed General Motors Corp.'s
corporate credit rating at B/Negative/B-3.

At the same time, Moody's Investors Service affirmed GM's B3
Corporate Family Rating and B3 Probability of Default Rating,
and maintained its SGL-3 Speculative Grade Liquidity Rating.  
The rating outlook remains negative, according to Moody's.


GLOBAL CHILD: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Global Child Care, Inc.
        4177 Rainbow Drive
        Decatur, GA 30334

Bankruptcy Case No.: 07-74364

Type of Business: The Debtor filed for Chapter 11 protection
                  on October 3, 2005 (Bankr. N.D. Ga.
                  Case No. 05-96668).

Chapter 11 Petition Date: September 3, 2007

Court: Northern District of Georgia (Atlanta)

Debtor's Counsel: William L. Rothschild, Esq.
                  Ellenberg, Ogier, Rothschild and
                  Rosenfeld, P.C.
                  170 Mitchell Street, Southwest
                  Atlanta, GA 30303-3424
                  Tel: (404) 525-4000

Estimated Assets: $1 Million to $100 Million

Estimated Debts:  $1 Million to $100 Million

The Debtor did not file a list of its 20 largest unsecured
creditors.


GLOBAL POWER: Objects to More Than $200 Million in Claims
---------------------------------------------------------
Global Power Equipment Group Inc. last week filed with the U.S.
Bankruptcy Court for the District of Delaware 10 objections in an
effort to reduce or disallow the claims of more than $200 million
filed by energy companies, Bankruptcy Law360 reports.

According to the report, included were two objections to claims
filed by General Electric Co. totaling more than $66 million.  The
Debtor contends that GE didn't substantiate its claim.

Headquartered in Oklahoma, Global Power Equipment Group Inc. (Pink
Sheets: GEGQQ) -- http://www.globalpower.com/-- is a design,
engineering and manufacturing firm providing an array of equipment
and services to the energy, power infrastructure and process
industries.  The company designs, engineers and manufactures a
comprehensive portfolio of equipment for gas turbine power plants
and power-related equipment for industrial operations, and has
over 40 years of power generation industry experience.  The
company's equipment is installed in power plants and in industrial
operations in more than 40 countries on six continents.  In
addition, the company provides routine and specialty maintenance
services to nuclear, coal-fired, fossil, and hydroelectric power
plants and other industrial operations.

The company filed for chapter 11 protection on Sept. 28, 2006
(Bankr. D. Del. Case No. 06-11045).  Eric Michael Sutty, Esq.,
Jeffrey M. Schlerf, Esq., Kathryn D. Sallie, Esq., and Mary E.
Augustine, Esq., at The Bayard Firm and Malka S. Resnicoff, Esq.,
and Matthew C. Brown, Esq., at White & Case LLP, represent the
Debtor.  Adam G. Landis, Esq., Kerri K. Mumford, Esq., and Matthew
B. McGuire, Esq., at Landis Rath & Cobb LLP, represent the
Official Committee of Unsecured Creditors.  


HANCOCK FABRICS: Exclusive Plan-Filing Period Extended to Feb. 28
-----------------------------------------------------------------
The Hon. Brendan Linehan Shannon of the U.S. Bankruptcy Court for
the District of Delaware extends Hancock Fabrics Inc. and debtor-
affiliates' exclusive periods to file a plan of reorganization
through and including Feb. 28, 2008, and to solicit acceptances of
that plan through and including April 30.

Judge Shannon says absent a written consent from the Official
Committee of Unsecured Creditors by Nov. 15, 2007, to the
extension of the Exclusive Periods, the Debtors' Exclusive Plan
Filing Period will be deemed expired on November 30, and the
Exclusive Solicitation Period on January 31, solely with respect
to the Creditors Committee.

However, this will be subject, and will be without prejudice, to
the Debtors' right to seek further extensions of the Exclusive
Periods with respect to the Creditors' Committee.

Judge Shannon further rules that termination of the Exclusive
Periods with respect to the Creditors Committee will also be
applicable to the Official Committee of Equity Security Holders.

In their request, the Debtors said that an extension of their
Exclusive Periods will facilitate their efforts to maximize value
and allow them sufficient time to thoroughly analyze their
alternatives with respect to and formulate an appropriate
reorganization plan.

Robert J. Dehney, Esq., at Morris, Nichols, Arsht & Tunnel, LLP,
in Wilmington, Delaware, asserted that cause exists for the Court
to extend the Debtors' Exclusive Periods.  The Debtors are one of
the largest fabric retailer in the United States operating almost
400 stores in 40 states and employing more than 7,000 people.  In
addition, the Debtors' business is highly seasonal.

Mr. Dehney told  the Court that since filing for bankruptcy, the
Debtors have focused much of their efforts on:

  (a) obtaining DIP financing facilities, which involved
      extensive negotiations with a number of parties-in-
      interest including, but not limited to, two DIP Financing
      Lenders, two Official Committees and the U.S. Trustee;

  (b) commencing and continuing the going-out-of-sale processes
      at more than 100 retail stores;

  (c) evaluating and executing the disposition of a large number
      of unexpired leases on an expedited basis, which involved
      a significant amount of communications and negotiations
      with a myriad of landlords as well as the Official
      Committees and other parties-in-interest;

  (d) preparing and filing the Schedules of Assets and
      Liabilities and Statements of Financial Affairs for each
      of the seven Debtors; and

  (e) establishing and noticing legions of creditors and other
      parties-in-interest of the Bar Date.

The Debtors' appropriate focus on those issues, as well their
address of numerous other matters attendant to their Chapter 11
cases, have made it difficult for them to formulate and build
consensus among numerous and diverse constituencies regarding a
reorganization plan during the current Exclusive Periods, Mr.
Dehney explained to Judge Shannon.  In fact, the large scale and
sophisticated nature of the Debtors' cases pose a number of
practical issues that, at this early stage, make formulation of
a reorganization plan impracticable, Mr. Dehney noted.

Moreover, the Debtors' management and employees have spent
considerable time and effort analyzing, stabilizing and improving
their businesses and operations.  With their historic peak sales
season approaching and continuing through December, the Debtors'
continued efforts in this regard are even more critical and will
consume the bulk of their time in the coming months, Mr. Dehney
elaborated.

The Debtors intend to take advantage of the extended Exclusive
Periods to continue the analysis and disposition of the remaining
Leases, proceed with the claims administration process, and
develop a reorganization plan, Mr. Dehney told the Court.

Mr. Dehney maintained that the creditors and other parties-in-
interest will not be prejudiced by an extension of the Debtors'
Exclusive Periods.

                      About Hancock Fabrics

Headquartered in Baldwyn, Mississippi, Hancock Fabrics Inc.
(OTC: HKFIQ) -- http://www.hancockfabrics.com/-- is a
specialty         
retailer of a wide selection of fashion and home decorating
textiles, sewing accessories, needlecraft supplies and sewing
machines.  Hancock Fabrics is one of the largest fabric retailers
in the United States, currently operating approximately 400 retail
stores in approximately 40 states.  The company employs
approximately 7,500 people on a full-time and part-time basis.
Most of the company's employees work in its retail stores, or in
field management to support its retail stores.

The company and six of its debtor-affiliates filed for chapter 11
protection on March 21, 2007 (Bankr. D. Del. Lead Case No.
07-10353).  Robert J. Dehney, Esq., at Morris, Nichols, Arsht &
Tunnell, represent the Debtors.  When the Debtors filed for
protection from their creditors, they listed $241,873,900 in total
assets and 161,412,000 in total liabilities.  (Hancock Fabric
Bankruptcy News, Issue No. 16, http://bankrupt.com/newsstand/or  
215/945-7000).


HANCOCK FABRICS: Has Until October 1 to File Landlords' Consents
----------------------------------------------------------------
The Hon. Brendan Linehan Shannon of the U.S. Bankruptcy Court for
the District of Delaware rules that an extension of the period for
Hancock Fabrics Inc. and debtor-affiliates to assume or reject a
particular lease will be effective upon the Debtors' receipt of an
executed Written Consent Solicitation Letter from the landlord of
that Lease.

The Debtors, after consultation with the Official Committee of
Unsecured Creditors and Official Committee of Equity Security
Holders, may agree to the modification of the Written Consent
Solicitation Letter to the extent that the modifications do not
materially affect the Debtors' estates.

Judge Shannon gives the Debtors until October 1, 2007, to file
with the Court and serve on each landlord, a list disclosing the
names of all landlords that have agreed to extensions and the
duration of each extension.

In their request, the Debtors related that as of their bankruptcy
filing, they were party to about 410 non-residential real property
leases.  Between the Petition Date to August 17, 2007, the Debtors
have rejected 132 leases, and two other leases have expired on
their own terms, Curtis S. Miller, Esq., at Morris, Nichols, Arsht
& Tunnell LLP in Wilmington, Delaware, told the Court.

Thus, the Debtors are currently party to about 276 leases.

The Debtors sent letters to the landlords of the 276 Leases
asking their written consent for an extension of the period
within which the Debtors may assume or reject the Leases through
February 29, 2008.

As consideration for the landlords' consent to an extension of
the Lease Decision Period, the Debtors offered to make timely
administrative rent payments through January 31, 2008, regardless
of whether any of the 276 Leases is rejected during that period,
Mr. Miller said.

Mr. Miller related that before sending the Written Consent
Solicitation Letter, the Debtors, as well as the Official
Committee of Unsecured Creditors, engaged in discussions with
certain landlords over the extension of the Lease Decision
Period.  The Debtors believe that counsel for the Creditors
Committee has obtained oral agreements from counsel of some of
the largest landlords regarding the terms for their written
consent to the extension.

Against this backdrop, the Debtors ask the Court to enter an
order extending the deadline by which they must reject or assume
a particular Lease upon their receipt of an executed Written
Consent Solicitation Letter from the landlord of that Lease.

The Debtors clarify that any extension of the Lease Decision
Period becomes effective only upon their receipt of a Written
Consent Solicitation Letter that has been executed by the
applicable landlord.  In addition, the extension is only for the
period of time that has been agreed to by the landlord.

Mr. Miller asserted that entry of the Written Consent Order will
allow the Debtors to maximize distribution to all its
stakeholders.  The Written Consent Order streamlines the process
for the Debtors to obtain further extension by relieving them of
obligations of having to return to the Court to effectuate an
extension each time a written consent by the landlord is
obtained.

Requiring separate court approval for each extension would not
only be time consuming but also a waste of the estate's assets,
Mr. Miller told Judge Shannon.

None of the Debtors' landlords will suffer unfair prejudice or
harm from entry of the Written Consent Order, Mr. Miller assured
the Court.  Every landlord has the freedom to decide, he said.

                      About Hancock Fabrics

Headquartered in Baldwyn, Mississippi, Hancock Fabrics Inc.
(OTC: HKFIQ) -- http://www.hancockfabrics.com/-- is a
specialty         
retailer of a wide selection of fashion and home decorating
textiles, sewing accessories, needlecraft supplies and sewing
machines.  Hancock Fabrics is one of the largest fabric retailers
in the United States, currently operating approximately 400 retail
stores in approximately 40 states.  The company employs
approximately 7,500 people on a full-time and part-time basis.
Most of the company's employees work in its retail stores, or in
field management to support its retail stores.

The company and six of its debtor-affiliates filed for chapter 11
protection on March 21, 2007 (Bankr. D. Del. Lead Case No.
07-10353).  Robert J. Dehney, Esq., at Morris, Nichols, Arsht &
Tunnell, represent the Debtors.  When the Debtors filed for
protection from their creditors, they listed $241,873,900 in total
assets and 161,412,000 in total liabilities.  (Hancock Fabric
Bankruptcy News, Issue No. 16, http://bankrupt.com/newsstand/or  
215/945-7000).


HOLLINGER INC: Canada is Right Venue to Fight over Sun Media Stake
------------------------------------------------------------------
The Hon. Peter Walsh of the U.S. Bankruptcy Court for the District
of Delaware last week ruled that Canada was proper venue for
Hollinger Inc. and its bondholders to fight over Hollinger's 70%
stake in Sun Times Media Group Inc., Bankruptcy Law360 reports.

According to the report, the bondholders had asked the Court to
set a trial date in order to settle the dispute over the Sun Times
stake.

Based in Toronto, Ontario, Hollinger Inc. (TSX: HLG.C)(TSX:
HLG.PR.B) -- http://www.hollingerinc.com/-- owns approximately
70.1% voting and 19.7% equity interest in Sun-Times Media Group
Inc. (formerly Hollinger International Inc.), a media company with
assets which include the Chicago Sun-Times newspaper and
Suntimes.com and a number of community newspapers and websites
serving communities in the Chicago area.

The company, along with two affiliates, 4322525 Canada Inc. and
Sugra Limited, filed separate Chapter 15 petitions on Aug. 1, 2007
(Bankr. D. Del. Case Nos. 07-11029 through 07-11031).  Hollinger
also initiated Court-supervised restructuring under the Companies'
Creditors Arrangement Act (Canada) on the same day.

Derek C. Abbott, Esq., and Kelly M. Dawson, Esq., at Morris,
Nichols, Arsht & Tunnell LLP, represents the Debtors in their U.S.
proceedings.


KARA HOMES: Modifies Plan to Include Kara Service
-------------------------------------------------
Kara Homes, Inc., last week, informed the U.S. Bankruptcy Court
for the District of New Jersey that it was modifying its Amended
Master Plan of Reorganization.

The Debtors, on June 28, 2007, filed an Amended Master Plan of
Reorganization and an Amended Disclosure Statement explaining that
plan.  On July 30, 2007, the Court approved the adequacy of the
Disclosure Statement.

The Debtors relate that on Aug. 27, 2007, an affiliate, Kara
Service Company LLC, filed for protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. N.J. Case No. 07-22183).  Kara Service,
the Debtors say, provided accounting and check writing services to
Kara Homes.  Kara Service has no assets and creditors and is 90%
owned by Kara Homes.

The Debtors discloses that the plan is modified to include that
upon confirmation, Kara Service will be substantively consolidated
with Kara Homes.  Kara Service's petition date will also be deemed
as Oct. 5, 2006.

Headquartered in East Brunswick, New Jersey, Kara Homes Inc.
aka Kara Homes Development LLC, builds single-family homes,
condominiums, town homes, and active-adult communities.  The
company filed for chapter 11 protection on Oct. 5, 2006 (Bankr.
D. N.J. Case No. 06-19626).  On Oct. 9, 2006, nine affiliates
filed separate chapter 11 petitions in the same Bankruptcy Court.
On Oct. 10, 2006, 12 more affiliates filed chapter 11 petitions.
On June 8, 2007, 20 more affiliates filed separate chapter 11
petitions.

David L. Bruck, Esq., at Greenbaum, Rowe, Smith, et al.,
represents the Debtors.  Michael D. Sirota, Esq., at Cole,
Schotz, Meisel, Forman & Leonard represents the Official
Committee of Unsecured Creditors.  Traxi LLC serves as the
Debtors' crisis manager.  The Debtors engaged Perry M.
Mandarino as chief restructuring officer, and Anthony Pacchia
as chief financial officer.  When Kara Homes filed for protection
from its creditors, it listed total assets of $350,179,841 and
total debts of $296,840,591.  The Court has extended the Debtors'
exclusive period to solicit acceptances of their plan to Oct. 9,
2007.


KARA HOMES: Strober Building Objects to Planned Modification
------------------------------------------------------------
Strober Building Supply Inc. informs the U.S. Bankruptcy Court for
the District of New Jersey that it objects to the modification to
Kara Homes Inc. and its debtor-affiliates' Amended Master Plan of
Reorganization.

Strober reminds the Court that on August 27, a settlement between
Strober, Plainfield Specialty Holdings II, Inc., and the Debtors
was approved.  Bankruptcy Law360 reports that under the settlement
agreement, Strober transferred claims of more than $2 million to
Plainfield.

Strober relates that although it had initially asked to include a
release by the Debtors' from potential avoidance actions in the
proposed order, Strober agreed to have the release provision
removed.  Strober relates that as such, it remains subject to
potential avoidance actions that may be initiated relative to
payments made to Strober by any of the Debtors within the 90-day
period on or about that Debtors' petition date of Oct. 5, 2006.

Strober contends that by modifying the plan, the Debtors are
attempting to "back-date" Kara Service Company LLC's petition to
Oct. 5, 2006 and deem it as the filing date for purposes of
including prosecution of avoidance actions.  Strober further
contends that in doing so, the Debtors have "improperly enlarged"
Kara Service's preference period to 236 days.  Strober discloses
that it had received payments from Kara Service.

Strober also argues that the Debtors seek to have Kara Service
ruled that it is an "alter ego" of Kara Homes without any proof.

Strober thus asks the Court to deny the modifcation and have a
hearing held to determine the status of Kara Service.

Headquartered in East Brunswick, New Jersey, Kara Homes Inc.
aka Kara Homes Development LLC, builds single-family homes,
condominiums, town homes, and active-adult communities.  The
company filed for chapter 11 protection on Oct. 5, 2006 (Bankr.
D. N.J. Case No. 06-19626).  On Oct. 9, 2006, nine affiliates
filed separate chapter 11 petitions in the same Bankruptcy Court.
On Oct. 10, 2006, 12 more affiliates filed chapter 11 petitions.
On June 8, 2007, 20 more affiliates filed separate chapter 11
petitions.

David L. Bruck, Esq., at Greenbaum, Rowe, Smith, et al.,
represents the Debtors.  Michael D. Sirota, Esq., at Cole,
Schotz, Meisel, Forman & Leonard represents the Official
Committee of Unsecured Creditors.  Traxi LLC serves as the
Debtors' crisis manager.  The Debtors engaged Perry M.
Mandarino as chief restructuring officer, and Anthony Pacchia
as chief financial officer.  When Kara Homes filed for protection
from its creditors, it listed total assets of $350,179,841 and
total debts of $296,840,591.  The Court has extended the Debtors'
exclusive period to solicit acceptances of their plan to Oct. 9,
2007.


LE-NATURE'S INC: Judge McCullough Cancels Sale to Giant Eagle
-------------------------------------------------------------
The Hon. M. Bruce McCullough of the U.S. Bankruptcy Court for the
Western District of Pennsylvania invalidated the sale of Le-
Nature's Inc.'s sale of its Latrobe facility to Giant Eagle Inc.,
the Associated Press reports.  Judge McCullough said that Giant
Eagle acted in bad faith by intimidating rival bidder Cadbury
Schweppes PLC.

As reported in the Troubled Company Reporter on Aug. 24, 2007, the
Debtor's chapter 11 trustee, R. Todd Neilson, acting on an
anonymous tip from a Pittsburgh reporter, spearheaded an
investigation on allegations that Giant Eagle threatened Cadbury
Schweppes in an effort to win the Debtor's bottling plant.  Giant
Eagle allegedly said that it would pull Cadbury Schweppes'
products if Cadbury didn't pull out from the bidding.

Judge McCullough, in his August 30 ruling, also awarded the sale
to Cadbury Schweppes for $19 million, AP relates.  Cadbury
Schweppes, however said that it has no intention of buying the
property and will sell it if compelled to make the acquisition.

AP adds that Judge McCullough further ruled that Giant Eagle
forfeit the $2 million deposit that it made for the plant as well
as pay all costs of the investigation.

Giant Eagle plans to appeal the decision.

Headquartered in Latrobe, Pennsylvania, Le-Nature's Inc. --
http://www.le-natures.com/-- makes bottled waters, teas, juices
and nutritional drinks.  Its brands include Kettle Brewed Ice
Teas, Dazzler fruit juice drinks and lemonade, and AquaAde
vitamin-enriched water.

Four unsecured creditors of Le-Nature's filed an involuntary
chapter 7 petition against the company on Nov. 1, 2006 (Bankr.
W.D. Pa. Case No. 06-25454).  On Nov. 6, 2006, two of Le-Nature's
subsidiaries, Le-Nature's Holdings Inc., and Tea Systems
International Inc., filed voluntary petitions for relief under
chapter 11 of the Bankruptcy Code.  Judge McCullough converted Le
Nature's Inc.'s case to a chapter 11 proceeding.  The Debtors'
cases are jointly administered.  The Debtors' schedules filed with
the Court showed $40 million in total assets and $450 million in
total liabilities.

Douglas Anthony Campbell, Esq., Ronald B. Roteman, Esq., and
Stanley Edward Levine, Esq., at Campbell & Levine, LLC, represents
the Debtors in their restructuring efforts.  The Court appointed
R. Todd Neilson as Chapter 11 Trustee.  Dean Z. Ziehl, Esq.,
Richard M. Pachulski, Esq., Stan Goldich, Esq., Ilan D. Scharf,
Esq., and Debra Grassgreen, Esq., at Pachulski, Stang, Ziehl,
Young, Jones & Weintraub LLP, represent the Chapter 11 Trustee.
David K. Rudov, Esq., at Rudov & Stein, and S. Jason Teele, Esq.,
and Thomas A. Pitta, Esq. at Lowenstein Sandler PC, represent the
Official Committee of Unsecured Creditors.  Edward S. Weisfelner,
Esq., Robert J. Stark, Esq., and Andrew Dash, Esq., at Brown
Rudnick Berlack Israels LLP, and James G. McLean, Esq., at Manion
McDonough & Lucas represent the Ad Hoc Committee of Secured
Lenders.  Thomas Moers Mayer, Esq., and Matthew J. Williams, Esq.
at Kramer Levin Naftalis & Frankel LLP, represent the Ad Hoc
Committee of Senior Subordinated Noteholders.


MANOR CARE: Board Sets Oct. 17 as Voting Date on Carlyle Buyout
---------------------------------------------------------------
The board of directors of Manor Care Inc. has approved Oct. 17,
2007, as the date for a special meeting of stockholders to vote on
the proposed acquisition of Manor Care by an affiliate of global
private equity firm The Carlyle Group and has approved Sept. 10,
2007 as the record date for the meeting.

On Aug. 6, 2007, Manor Care filed a preliminary proxy statement in
connection with the proposed transaction with the Securities and
Exchange Commission.  

The proxy statement, once final, will be mailed together with a
proxy card to Manor Care stockholders of record as of the record
date.  

Based in Toledo, OH, Manor Care Inc (NYSE:HCR), referred to as
Manor Care and HCR Manor Care -- http://www.hcr-manorcare.com/--  
provides a range of healthcare services, including skilled nursing
care, assisted living, post-acute medical and rehabilitation care,
hospice care, home healthcare and rehabilitation therapy.  The
company operates in two segments: long-term care, which includes
skilled nursing care and assisted living, and hospice and home
healthcare.  Healthcare providers use the records in connection
with patient care and other administrative purposes.

                         *     *     *

As of Sept. 4, 2007, Manor Care carries Standard & Poor's "B+"  
long-term foreign and local issuer credits ratings.


NASDAQ STOCK: Sets Sept. 7 as Deadline for Bidders of LSE Stake
---------------------------------------------------------------
Nasdaq Stock Market Inc. has set Friday, Sept. 7, 2007, as
deadline for intersted parties to submit their bids for the sale
of the company's $1.71 billion stake in the London Stock  
Exchange, various reports say.

According to the reports, a number of institutions have
unofficially contacted the LSE, including state-owned investment
firms of Qatar and Singapore, the Australian Stock exchange,
Deutsche Bourse and several Italian investment funds.

Nasdaq opted to sell its stake in LSE after its final offer to
acquire LSE lapsed in February this year.

Nasdaq retained J.P. Morgan Securities Inc. and UBS Investment
Bank to assist it in the sale.

Headquartered in New york City, The Nasdaq Stock Market Inc.
(Nasdaq: NDAQ) -- http://www.nasdaq.com/-- is an electronic   
equity securities market in the United States with about 3,200
companies.

                          *     *     *

In February 2007, Moody's Investors Service placed The NASDAQ
Stock Market Inc.'s long-term corporate family rating at Ba3 with
a negative outlook.  In November 2006, Standard & Poor's rated
the company's long-term local and foreign issuer credits at BB
with a stable outlook.  Both ratings still apply to date.


NORTHWIND DEVELOPMENT: Case Summary & 14 Largest Unsec. Creditors
-----------------------------------------------------------------
Debtor: Northwind Development, L.L.C.
        P.O. Box 2071
        Cartersville, GA 30120

Bankruptcy Case No.: 07-42128

Type of business: The Debtor is a real estate developer.

Chapter 11 Petition Date: August 31, 2007

Court: Northern District of Georgia (Rome)

Judge: Paul W. Bonapfel

Debtor's Counsel: Karen Fagin White, Esq.
                  Cohen Pollock Merlin & Small
                  Suite 1600, 3350 Riverwood Parkway
                  Atlanta, GA 30339-6401
                  Tel: (770) 858-1288

Total Assets: $7,341,000

Total Debts:  $4,447,128

Debtor's 14 Largest Unsecured Creditors:

   Entity                      Nature of Claim       Claim Amount
   ------                      ---------------       ------------
Waste Water Systems            Retainage                  $40,336
P. O. Box 1023
9411 Tails Creek Road
Ellijay, GA 30540

Bartow Paving                                             $35,638
P. O. Box 2045
Cartersville, GA 30120

Palmetto Southern                                         $20,844
P. O. Box 1439
Lexington, SC 29071

Capital One                    Line of Credit             $15,000
Richmond, VA

Capital One                    Revolving Credit           $11,085
Charlotte, NC

Moore, Ingram, Johnson                                     $8,404

Paulding County Tax            2007 Property Tax           $6,500
Commissioner

Nationwide Insurance                                         $929

Ager Cut, Inc.                 Landscaping                   $650

Satellite Shelters, Inc.       Sales Trailer                 $365

A.T.&T.                        Utility Bill                  $300

Johny On The Spot                                            $167

Cobb E.M.C.                    Utility Bill                  $145

Davis, Dennis and              Dispute regarding          Unknown
Penny Davis                    installation of
                               waterline


PSA HEALTHCARE: Stockholders OK Buyout by Portfolio Logic's Arm
---------------------------------------------------------------
Pediatric Services of America Inc., dba PSA Healthcare, has
completed the acquisition by a subsidiary of Portfolio Logic LLC.  
PSA's stockholders approved the transaction at a special
stockholder meeting on Aug. 27, 2007.

After the stockholder vote, the D3 Family Funds, investment
partnerships that have collectively been PSA's stockholder for
several years, became minority investors in the Portfolio Logic
subsidiary.

Portfolio Logic, a private investment firm focused on healthcare
and business services companies, was an investor in PSA since
2004, and was one of its stockholders prior to the acquisition.

All outstanding shares of PSA's common stock, par value
$.01 per share, other than shares held by Portfolio Logic and its
subsidiaries and shares subject to exercised dissenters' rights
were converted into the right to receive $16.25 in cash per share
without interest.  Accordingly, PSA's common stock will no longer
trade on the Nasdaq Global Market.  

Mellon Investor Services LLC was appointed agent for payment of
the merger consideration.  Former stockholders of PSA with
inquiries regarding the payment process should contact Mellon at
1-800-777-3674.

                    About Portfolio Logic LLC

Headquartered in Washington, D.C., Portfolio Logic is an
investment firm, which focuses on healthcare and business services
companies.  Jeffrey D. Zients, Managing Partner, served as
chairman of both the corporate executive board and the advisory
board, two business-to-business content companies serving these
industries.

             About Pediatric Services of America Inc

Headquartered in Norcross, Georgia, Pediatric Services of America
Inc (Nasdaq: PSAI) -- http://www.psahealthcare.com/-- provides  
comprehensive pediatric home health care services through a
network of 59 branch offices in 18 states, including satellite
offices and branch office start-ups.  Through these offices PSA
provides a combination of services, including pediatric private
duty nursing and pediatric day treatment centers.

                          *     *     *

Moody's Investor Services placed Pediatric Services of America
Inc. dba PSA Healthcare's senior subordinate rating at "Caa1", and
long term corporate family rating at "B2" in December 2005.  The
outlook is stable.


ROBBIE GONTERMAN: Case Summary & Four Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Robbie T. Gonterman
        130 Bowman Mill Road
        Winder, GA 30680

Bankruptcy Case No.: 07-21761

Type of business: The Debtor owns builder and developer Gonterman
                  Unlimited, residential developer Robbie & Ralph
                  Unlimited, L.L.C. and Robbie Gonterman
                  Construction, Inc., which is engaged in
                  residential construction.

Chapter 11 Petition Date: August 31, 2007

Court: Northern District of Georgia (Gainesville)

Debtor's Counsel: Ernest V. Harris, Esq.
                  Harris & Liken, L.L.P.
                  P.O. Box 1586
                  Athens, GA 30603
                  Tel: (706) 613-1953
                  Fax: (706) 613-0053

Total Assets: $2,092,101

Total Debts:  $1,209,049

Debtor's Four Largest Unsecured Creditors:

   Entity                      Nature of Claim       Claim Amount
   ------                      ---------------       ------------
Jackson County Tax                                        $11,000
Commissioner
P.O. Box 247
Jefferson, GA 30549

Internal Revenue Service                                  $10,000
Special Procedures Branch
Attention: Bankruptcy
Section, 335-D
P.O. Box 995
Atlanta, GA 30370

Keith Porter Insulation &                                  $1,533
Fireplace
P.O. Box 555
75 Storey Street
Jefferson, GA 30549

Capital One                                                $1,981


RONCO CORP: Section 341(a) Creditors' Meeting Set for Sept. 27
--------------------------------------------------------------
The United States Trustee for Region 15 will convene a meeting of
creditors in the Chapter 11 cases of Ronco Corporation and its
debtor-affiliate, Ronco Marketing Corporation, on Sept. 27, 2007,
10:00 p.m., at Warner Center Lane in room 105, in Woodland Hills,
California.

This is the first meeting of the Debtors' creditors following a
conversion of their chapter 11 bankruptcy case to a chapter 7
liquidation proceeding, as granted by the Court on Aug. 20, 2007.

All creditors are invited, but not required, to attend.  This
Meeting of Creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

Headquartered in Simi Valley, California, Ronco Corporation --
http://www.ronco.com/-- engages in manufacturing, sourcing,    
marketing, and distributing proprietary branded consumer products
for use in kitchen and home.  The company filed for Chapter 11
protection on June 14, 2007 (Bankr. C.D. Ca. Case No: 07-12000).  
Stacia A. Neeley, Esq., at Klee, Tuchin, Bogdanoff and Stern,
L.L.P., represents the Debtor in its restructuring efforts.  
Daniel H. Reis, Esq., at Levene Neale Bender Rankin & Brill,
L.L.P. represents the Official Committee of Unsecured Creditors.  
When the Debtors filed for bankruptcy, it listed assets at
$13,879,000 and debts at $32,736,000.


SAN TAN HOMES: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: San Tan Homes, L.L.C.
        c/o Kevin J. Rattay, Esq.
        Jaburg & Wilk, P.C.
        14500 North Northsight Boulevard, Suite 116
        Scottsdale, AZ 85260
        Tel: (480) 609-0011

Bankruptcy Case No.: 07-04363

Type of business: The Debtor specializes in homes on lot sizes
                  ranging from half to over one acre.  It builds
                  homes to the customer's specifications or offers
                  finished homes ready to be purchased.  See
                  http://www.santanhomes.com

Chapter 11 Petition Date: August 31, 2007

Court: District of Arizona (Phoenix)

Judge: Randolph J. Haines

Debtor's Counsel: Kevin J. Rattay, Esq.
                  Jaburg & Wilk, P.C.
                  14500 North Northsight Boulevard, Suite 116
                  Scottsdale, AZ 85260
                  Tel: (480) 609-0011
                  Fax: (480) 609-0016

Estimated Assets: $1 Million to $100 Million

Estimated Debts:  $1 Million to $100 Million

The Debtor does not have a list of its  largest unsecured
creditors.


SEA CONTAINERS: Completes $170 Million Wells Fargo DIP Financing
----------------------------------------------------------------
Robert MacKenzie, president and chief executive officer of Sea
Containers Ltd., disclosed in a filing with the Securities and
Exchange Commission that on July 24, Sea Containers completed its
$170,000,000 debtor-in-possession financing with Wells Fargo Bank
Northwest, N.A., as administrative and collateral agent, pursuant
to an order signed July 3, in the U.S. Bankruptcy Court for the
District of Delaware.  

The DIP Financing provides for a single-draw term loan of a
maximum principal amount of $145,000,000 and revolving loans in a
maximum principal amount outstanding at any time of $25,000,000.

The company's obligations under this credit agreement are secured
by its equity interest in SPC Holdings Ltd., a bankruptcy-remote
Bermuda subsidiary of the company.

SPC Holdings guaranteed the company's obligations under the DIP
Financing in a limited amount; this guaranty is secured by SPC
Holdings's equity interest  and all other assets, if any, Mr.
MacKenzie says.

As part of the DIP Financing:

    (a) Sea Containers and SPC Holdings, as guarantor, completed
        a Secured Super-Priority Debtor-in-Possession Credit
        Agreement with Wells Fargo Bank Northwest, N.A., as
        administrative agent and collateral agent , and Mariner
        Investment Group, Inc., and Dune Capital LP, as co-
        arrangers and initial lenders, which provided for the
        credit and guaranty arrangements;

    (b) Sea Containers, Wells and Commerce Bank, N.A., entered
        into a Clearing Account Agreement so as to further
        secure the Company's obligations under the DIP
        Financing; and

    (c) SPC executed and delivered an Intercompany Demand
        Promissory Note reflecting obligations exceeding
        $100,000,000 of SPC to the Company at the time of the
        consummation of the DIP Financing.

According to Mr. MacKenzie, on the day on which Sea Containers
entered into the DIP Financing, the company borrowed $145,000,000
as a term loan.  

Proceeds of the $145,000,000 term loan were contributed as
surplus capital to SPC, which used those funds along with other
funds available to satisfy its indebtedness -- the 2006
Securitization -- including various fees and expenses, to
Wachovia Bank, National Association and Abelco Finance LLC and,
thereby, to terminate the debt.

The indebtedness under the 2006 Securitization had been secured
by substantially all of the of Sea Containers SPC's assets, by
SPC Holdings's equity interest in Sea Containers SPC, and by
certain Class B Quotas of the company with respect to GE SeaCo
SRL, a Barbados society with restricted liability.

The company is permitted from time to time to borrow money on a
revolving basis pursuant and subject to the DIP Financing for
working capital purposes.

                     About Sea Containers

Based in Hamilton, Bermuda, Sea Containers Ltd. --
http://www.seacontainers.com/-- provides passenger and freight
transport and marine container leasing.  Registered in Bermuda,
the company has regional operating offices in London, Genoa, New
York, Rio de Janeiro, Sydney, and Singapore.  The company is
owned almost entirely by United States shareholders and its
primary listing is on the New York Stock Exchange (SCRA and
SCRB) since 1974.  On Oct. 3, the company's common shares and
senior notes were suspended from trading on the NYSE and NYSE
Arca after the company's failure to file its 2005 annual report
on Form 10-K and its quarterly reports on Form 10-Q during 2006
with the U.S. Securities and Exchange Commission.

Through its GNER subsidiary, Sea Containers Passenger Transport
operates Britain's fastest railway, the Great North Eastern
Railway, linking England and Scotland.  It also conducts ferry
operations, serving Finland and Estonia as well as a commuter
service between New York and New Jersey in the U.S.

Sea Containers Ltd. and two subsidiaries filed for chapter 11
protection on Oct. 15, 2006 (Bankr. D. Del. Case No. 06-11156).
Edmon L. Morton, Esq., Edwin J. Harron, Esq., Robert S. Brady,
Esq., Sean Matthew Beach, Esq., and Sean T. Greecher, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in
their restructuring efforts.

The Official Committee of Unsecured Creditors and the Financial
Members Sub-Committee of the Official Committee of Unsecured
Creditors of Sea Containers Ltd. is represented by William H.
Sudell, Jr., Esq., and Thomas F. Driscoll, Esq., at Morris,
Nichols, Arsht & Tunnell LLP.  Sea Containers Services, Ltd.'s
Official Committee of Unsecured Creditors is represented by
attorneys at Willkie Farr & Gallagher LLP.

In its schedules filed with the Court, Sea Containers Ltd.
disclosed total assets of $62,400,718 and total liabilities of
$1,545,384,083.

The Court extended the Debtors' exclusive period to file a Plan
of Reorganization to Sept. 28, 2007.  (Sea Containers Bankruptcy
News, Issue No. 25; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


SEA CONTAINERS: Wants Court Nod on 333 Capital as Advisors
----------------------------------------------------------
Sea Containers Ltd. and its debtor-affiliates seek the U.S.
Bankruptcy Court for the District of Delaware's authority to
employ 333 Capital Pty Ltd. as advisors to Sea Containers Limited
and Sea Containers Australia Limited, nunc pro tunc to August 16,
2007, in connection with the anticipated sale of the International
Reefer Services Pty Ltd. and Independent Reefer Services Ltd.
Companies' businesses and assets.

Laura Barlow, Sea Containers' chief restructuring officer, says
333 Capital is well qualified to provide the services being
sought by the Debtors.  333 Capital specializes in, among others,
advising entities which are considering sale, merger or
acquisiton transactions.  The firm's boutique advisory practice
is designed to specifically enhance its clients' transaction
execution capabilities, she says.  

The firm's advisory expertise, Ms. Barlow notes, spans
traditional corporate finance advisory services as well as due
diligence and transaction management roles.

The professionals at 333 Capital, Ms. Barlow tells the
Court,                                                                
have vast experience in the restructuring and sale of large and
small businesses with complex operations.  In particular, she
says, David Scoullar, a managing director at the firm is well
qualified to serve as team leader for the anticipated sale
transaction.  Mr. Scoullar has over 12 years of national and
international corporate finance transaction experience.

The Debtors, thus, believe that the firm's employment will
greatly contribute to the process of selling the IRS Companies.  

Under the Debtors' supervision, 333 Capital will:

  (a) design and implement overall sale process that will
      conclude in two months;

  (b) review the businesses and assets to obtain understanding
      of the asset's real potential;

  (c) prepare an information memorandum to be circulated to
      interested parties on a confidential basis;

  (d) market the businesses and assets within Australia, New
      Zealand, and internationally if appropriate;

  (e) enter into confidentiality agreements with interested
      parties;

  (f) establish an electronic "data room" to provide secure,
      confidential access to information;

  (g) liaise with interested parties and attend to requests
      for additional information;

  (h) procure indicative offer letters form interested parties;

  (i) advance discussions and negotiations with short-listed
      interested parties; and

  (j) instruct and supervise a qualified solicitor to draft all
      necessary legal documentation to effect the sale.

A non-refundable retainer of AU$100,000 will be paid by SCAL to
333 Capital on the basis of the scope of services within two
months.  If the engagement and sale process exceeds two months,
333 Capital will charge SCAL an incremental retainer of AU$25,000
per month.  

Out-of-pocket expenses incurred by 333 Capital will be charged to
SCAL at cost, including travel and accommodation.

In addition, SCAL will pay 333 Capital a success fee of 5% of the
Gross Sale Proceeds of the IRS Companies that exceed $1,000,000.

Mr. Scoullar assures the Court that 333 Capital is a
"disinterested person" within the meaning of Section 101(14) of
the Bankruptcy Code, as modified by Section 1107(b).  The firm
does not hold or represent any interest adverse to the Debtors
and their estates.


                      About Sea Containers

Based in Hamilton, Bermuda, Sea Containers Ltd. --
http://www.seacontainers.com/-- provides passenger and freight
transport and marine container leasing.  Registered in Bermuda,
the company has regional operating offices in London, Genoa, New
York, Rio de Janeiro, Sydney, and Singapore.  The company is
owned almost entirely by United States shareholders and its
primary listing is on the New York Stock Exchange (SCRA and
SCRB) since 1974.  On Oct. 3, the company's common shares and
senior notes were suspended from trading on the NYSE and NYSE
Arca after the company's failure to file its 2005 annual report
on Form 10-K and its quarterly reports on Form 10-Q during 2006
with the U.S. Securities and Exchange Commission.

Through its GNER subsidiary, Sea Containers Passenger Transport
operates Britain's fastest railway, the Great North Eastern
Railway, linking England and Scotland.  It also conducts ferry
operations, serving Finland and Estonia as well as a commuter
service between New York and New Jersey in the U.S.

Sea Containers Ltd. and two subsidiaries filed for chapter 11
protection on Oct. 15, 2006 (Bankr. D. Del. Case No. 06-11156).
Edmon L. Morton, Esq., Edwin J. Harron, Esq., Robert S. Brady,
Esq., Sean Matthew Beach, Esq., and Sean T. Greecher, Esq., at
Young, Conaway, Stargatt & Taylor, represent the Debtors in
their restructuring efforts.

The Official Committee of Unsecured Creditors and the Financial
Members Sub-Committee of the Official Committee of Unsecured
Creditors of Sea Containers Ltd. is represented by William H.
Sudell, Jr., Esq., and Thomas F. Driscoll, Esq., at Morris,
Nichols, Arsht & Tunnell LLP.  Sea Containers Services, Ltd.'s
Official Committee of Unsecured Creditors is represented by
attorneys at Willkie Farr & Gallagher LLP.

In its schedules filed with the Court, Sea Containers Ltd.
disclosed total assets of $62,400,718 and total liabilities of
$1,545,384,083.

The Court extended the Debtors' exclusive period to file a Plan
of Reorganization to Sept. 28, 2007.  (Sea Containers Bankruptcy
News, Issue No. 25; Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000)


SKILLSOFT PLC: Earns $12.4 Million in Quarter Ended July 31
-----------------------------------------------------------
SkillSoft PLC reported net income of $12.4 million for the quarter
ended July 31, 2007, compared to net income of $4.8 million for
the second quarter of fiscal 2007.

The company's net income results include restatement expenses of
$0.4 million in fiscal 2008, and $0.1 million in 2007 and the
acquisition related expenses and non-cash charges.

Acquisition and integration related expenses include:

   -- merger related integration costs of $8.5 million in
      fiscal 2008;

   -- discontinued operation income net of tax of $0.5 million
      in fiscal 2008.

Non-Cash Charges include:

  -- stock based compensation expense of $1.3 million in fiscal
     2008 and $1.6 million in fiscal 2007;

  -- amortization of intangible assets of $5.5 million in
     fiscal 2008 and $2.1 million in fiscal 2007;

  -- amortization of deferred financing costs of $0.2 million
     in fiscal 2008;

  -- non-cash benefit for income tax of $11.5 million in fiscal  
     2008.

Operating expenses for the fiscal 2008 second quarter include
about $1.3 million of stock-based compensation expense, compared
to operating expenses for the fiscal 2007, second quarter which
included $1.6 million of stock-based compensation expense.

SkillSoft had approximately $61.6 million in cash, cash
equivalents, short-term investments, restricted cash and long-term
investments as of July 31, 2007, as compared to $127.8 million as
of Jan. 31, 2007.

This decrease reflects cash used of $279 million in connection
with the NETg acquisition.  This decrease was offset by cash
provided by operations of $7 million, net borrowings under long-
term debt of $195 million, proceeds from the excise of stock
options and employee stock purchase activity of $9.2 million and
$38 million of investment maturities.

At July 31, 2007, the company's balance sheet showed total assets
of $593.2 million, total liabilities of $424.3 million, and total
stockholders' equity of $168.9 million.

Headquartered in Nashua, New Hampshire, SkillSoft Public Limited
Company (NASDAQ:SKIL) -- http://www.skillsoft.com/-- is a  
provider of e-learning and performance support solutions for
global enterprises, government, education and small- to medium-
size businesses.  SkillSoft helps companies to maximize employee
performance through a combination of content, online information
resources, flexible technologies and support services.  

                          *     *     *

As of Sept. 4, 2007, the company holds Standard & Poor's "B+"
long-term foreign and local issuer credits ratings.


SOUEIDAN GAS: Section 341(a) Meeting Scheduled for September 19
---------------------------------------------------------------
The United States Trustee for Region 9 will convene a meeting
of Soueidan Gas & Mini Mart Inc. and its debtor-affiliates'
creditors on Sept. 19, 2007, 2:00 p.m., at room 315 E, 211 W. Fort
St. Bldg in Detroit.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
Meeting of Creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

Headquartered in Southgate, Michigan, Soueidan Gas & Mini Mart
Inc. offers car washing services.  The company filed for Chapter
11 protection on Aug. 14, 2007 (Bankr. E.D. Mich. Case No.
07-55957).  No Official Committee of Unsecured Creditors have been
appointed in thi case.  When the Debtors filed for protection from
its creditors, it listed assets and debts between $1 million and
$100 million.


SPATIALIZER AUDIO: Earns $149,768 in Second Quarter Ended June 30
-----------------------------------------------------------------
Spatializer Audio Laboratories Inc. reported net income of
$149,768 in the second quarter ended June 30, 2007, a reversal of
the net loss of $62,989 reported in the same period last year,
mainly due to higher sales.

Revenues rose 288% to $361,000 from $93,000.

The increased net income for the current period is primarily the
result of the recognition of half the payment received from a
major customer to license additional usage rights which had
expired in the first quarter of 2007.  There will be no more
licensing revenue in the future under the company's current
business model, as the assets of the company were sold on July 2,
2007.

At June 30, 2007, the company's consolidated balance sheet showed
$1.1 million in total assets, $229,089 in total liabilities, and
$873,469 in total stockholders' equity.

Full-text copies of the company's consolidated financial
statements for the quarter ended June 30, 2007, are available for
free at
http://www.sec.gov/Archives/edgar/data/890821/000095012407004165/v
32753e10vq.htm

                       Going Concern Doubt

Ramirez International Financial & Accounting Services Inc., in
Irvine, Calif., expressed substantial doubt about Spatializer
Audio Laboratories Inc.'s ability to continue as a going concern
after auditing the company's consolidated financial statements as
of the year ended Dec. 31, 2006.  The auditing firm pointed to the
company's significant operating losses.

The company believes that regardless of the increase in revenue
due to the licensing renewal in the three month period ended
June 30, 2007, and had the asset sale not occurred, there was no
expectation that the revenue streams were sustainable.  The
company had only one part time employee, could not solicit new
business as it was not a going concern and existing licenses were
at end of life.

                     About Spatializer Audio

Headquartered in Thousand Oaks, Calif., Spatializer Audio
Laboratories Inc. (OTC BB: SPAZ.OB) -- was a developer, licensor
and marketer of next-generation audio technologies for the
consumer electronics, computing and mobile communication markets.
The company has ceased operations and is awaiting the distribution
of its cash assets.  


SPECTRUM FINANCIAL: Files List of 20 Largest Unsecured Creditors
----------------------------------------------------------------
Spectrum Financial Group Inc. filed with the U.S. Bankruptcy Court
for the District of Arizona a list of its 20 largest unsecured
creditors.

   Entity                    Nature of Claim        Claim Amount
   ------                    ---------------        ------------
EMC                          Note purchase           $20,747,570
c/o Bear, Stearns & Co.      Security value:
Inc.                         Unknown
383 Madison Avenue
New York, NY 10179

Regions Funding              Credit line             $11,000,000
1000 Parkwood Circle         Security value:
Suite 200                    Unknown
Atlanta, GA 30339

Wintergourp Warehouse        Credit line              $9,000,000
580 Howard Avenue            Security value:
Somerset, NJ 08873           Unknown

First Collateral Services,   Credit line              $3,671,664
Inc.                         Security value:
1855 Gateway Boulevard       Unknown
Suite 800
Concord, CA 94520-8441

First Fidelity               Credit line              $3,093,906
P.O. Box 23616               Security value:
Oklahoma City, OK            Unknown
73123-3616

Jerry Weiner                 Loan                     $1,250,000
5407 East Alan Lane
Paradise Valley, AZ 85253

Gateway                      Credit line              $1,051,999
2306 Merced Street           Security value:
San Leandro, CA 94577        Unknown

Joseph Zerbib                Loan                       $500,000
P.O. Box 97235
Scottsdale, AZ 85260

Real Estate Equity Lending   Loan                       $500,000
P.O. Box 97235
Scottsdale, AZ 85260

Scott Gould                  Loan                       $500,000
P.O. Bx 97235
Phoenix, AZ 85060

Honeywell International      Rent                       $335,595
Attn: Nancy Kithcart
101 Columbia Road
Morristown, NJ 07962

1031 Exchange Partners, LLC  Loan                       $335,000
P.O. Box 10100
Phoenix, AZ 85064

Derek Hines                  Loan                       $305,000
16058 E. Glenbrook Blvd.
Fountain Hills, AZ 85268

Jason Chrzanowski            Loan                       $200,000

Diners Club                  Credit card                $102,546

Patrice Mark                 Loan                       $100,000

QTS                          Payroll service             $96,634

Nationwide Apartment         Co-broker commission        $76,249
Finance, Inc.

Advantage Plus               Services                    $60,532

American Express             Credit line                 $54,501

Headquartered in Scottsdale, Arizona, Spectrum Financial Group,
Inc. -- http://www.sfg-bank.com/-- focuses on residential loans  
for consumers.  The company filed for chapter 11 protection on
Aug. 28, 2007 (Bankr. D. Ariz. Case No. 07-04265).  When the
Debtor filed for protection from its creditors, it listed
estimated assets and debts between $1 million and $100 million.


SPECTRUM FINANCIAL: Allen Sala Approved as Bankruptcy Counsel
-------------------------------------------------------------
Spectrum Financial Group Inc. obtained authority from the U.S.
Bankruptcy Court for the District of Arizona to employ Allen, Sala
& Bayne, PLC, as its bankruptcy counsel.

As counsel, Allen Sala is expected to:

    a. give the Debtor legal advice with respect to its
       reorganization;

    b. represent the Debtor in connection with negotiations
       involving secured and unsecured creditors;

    c. represent the Debtor at the meeting of creditors,
       confirmation hearing and other hearings set by the Court in
       Debtor's bankruptcy case; and

    d. prepare necessary applications, motions, answers, orders,
       reports or other legal papers necessary to assist in the
       Debtor's reorganization.

The Debtor discloses that professionals of the firm bill:

    Professional               Designation      Hourly Rate
    ------------               -----------      -----------
    Thomas H. Allen, Esq.      Member              $295
    Paul Sala, Esq.            Member              $295
    Dawn M. Bayne, Esq.        Member              $215
    Jared Parker, Esq.         Of Counsel          $315
    Kevin C. McCoy, Esq.       Associate           $195
    Leslie R. Hendrix, Esq.    Associate           $165
    Sherry Gomez               Paralegal           $115

Mr. Sala assures the Court that the firm is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

Mr. Sala can be reached at:

         Paul Sala, Esq.
         Allen, Sala & Bayne, P.L.C.
         Viad Corporate Center
         1850 North Central Avenue, Suite 1150
         Phoenix, AZ 85004
         Tel: (602) 256-6000
         Fax: (602) 252-4712
         http://www.allenandsala.com/

Headquartered in Scottsdale, Arizona, Spectrum Financial Group,
Inc. -- http://www.sfg-bank.com/-- focuses on residential loans  
for consumers.  The company filed for chapter 11 protection on
Aug. 28, 2007 (Bankr. D. Ariz. Case No. 07-04265).  When the
Debtor filed for protection from its creditors, it listed
estimated assets and debts between $1 million and $100 million.


ST. VINCENT'S: Emerges from Chapter 11 Bankruptcy
-------------------------------------------------
Saint Vincent Catholic Medical Centers' Plan of Reorganization
became effective Friday, marking Saint Vincent's emergence from
its voluntary Chapter 11 proceedings.

Saint Vincent's has met all requirements to emerge from bankruptcy
and the implementation of the court approved Plan of
Reorganization brings to a conclusion the organization's financial
restructuring process.  Saint Vincent's Plan of Reorganization was
confirmed on July 27, 2007 by the U.S. Bankruptcy Court for the
Southern District of New York.  GE Healthcare Financial Services
is providing the financing for the newly reorganized system.

"This is a new day for Saint Vincent's and the final milestone in
our reorganization process is now completed," Alfred E. Smith, IV,
and Board Chairman of Saint Vincent's, said.  "We have emerged as
a stronger healthcare system, with a revitalized balance sheet and
well positioned for continued future growth.  We look forward to
continuing to meet the healthcare needs of the Metropolitan area
with excellence and pride."

The "new" Saint Vincent's looks forward to continuing to provide
high quality medical, behavioral health, and continuing care to
its patients and communities.  It is focused on a core mission of
services that is financially viable in today's healthcare
environment.

The system is anchored by St. Vincent's Hospital Manhattan, the
academic medical center of New York Medical College in New York
City and the only hospital on the Westside of Manhattan from
Midtown to Tribeca.  The organization provides psychiatric and
chemical dependency treatment services throughout the Metropolitan
area including St. Vincent's Hospital Westchester.  It retains
three skilled nursing facilities, St. Elizabeth Ann's Health Care
& Rehabilitation Center in Staten Island, as well as Holy Family
Home and Bishop Mugavero Center for Geriatric Care in Brooklyn.  
Saint Vincent's operates one of the largest hospital-based home
care agencies in the Metropolitan area. The health system is the
designated provider and sponsor for the New York/New Jersey region
for the US Family Health Plan under contract with the Department
of Defense.

"I especially would like to thank the employees of Saint Vincent's
for their hard work and dedication during this challenging time,"
Henry Amoroso, President and CEO of Saint Vincent's, said.  "We
are now focused on the future, with a financially viable
healthcare organization, which is committed to building a new
technologically advanced "green" hospital to serve the West Side
and Downtown of Manhattan."

Planning has begun for the new hospital that will be located
across the street from the current Greenwich Village hospital
campus.  The hospital recently announced the selection of Pei Cobb
Freed and Partners as the architectural design firm for the new
hospital.  Saint Vincent's has been working with elected
officials, community organizations, block associations and various
leaders to seek their input in planning for the new hospital.

Saint Vincent's serves as the academic medical center of New York
Medical College in New York City.  The healthcare organization is
sponsored by the Roman Catholic Bishop of Brooklyn and the
President of the Sisters of Charity of New York.

                      About Saint Vincent's

Based in New York City, Saint Vincent's Catholic Medical Centers
of New York -- http://www.svcmc.org/-- the healthcare provider in  
New York State, operates hospitals, health centers, nursing homes
and a home health agency.  The hospital group consists of seven
hospitals located throughout Brooklyn, Queens, Manhattan, and
Staten Island, along with four nursing homes and a home health
care agency.

The company and six of its affiliates filed for chapter 11
protection on July 5, 2005 (Bankr. S.D.N.Y. Case No. 05-14945
through 05-14951).  Gary Ravert, Esq., and Stephen B. Selbst,
Esq., at McDermott Will & Emery, LLP, filed the Debtors' chapter
11 cases.  On Sept. 12, 2005, John J. Rapisardi, Esq., at Weil,
Gotshal & Manges LLP took over representing the Debtors in their
restructuring efforts.  Martin G. Bunin, Esq., at Thelen Reid &
Priest LLP, represents the Official Committee of Unsecured
Creditors.  As of Apr. 30, 2005, the Debtors listed $972 million
in total assets and $1 billion in total debts.  The Debtors filed
their Chapter 11 Plan of Reorganization accompanying a disclosure
statement explaining that Plan on Feb. 9, 2007.  On June 1, 2007,
the Debtors filed an Amended Plan & Disclosure Statement.  The
Court confirmed the Debtors' Amended Plan on July 27, 2007.


TRAVELSTAR INC: Earns $6.3 Million in Second Quarter Ended June 30
------------------------------------------------------------------
Travelstar Inc. reported net income of $6.3 million in the second
quarter ended June 30, 2007, a reversal of the net loss of
$661,755 reported in the same period last year, mainly due to the
recognition in the 2007 quarter of a gain of $6.9 million as a
result of the elimination of the accrued liability related to
warrants and stock purchase rights.  

This elimination of the accured liability was made possible
following the increase in the company's authorized shares to 210
million, consisting of 10 million shares of preferred stock and
200 million shares of common stock.

The company reported an operating loss of $579,337, compared to
operating income of $90,353 in 2006.  The swing to an operating
loss was mainly due to lower revenue and an increase in selling
and marketing expenses.

Revenue fell to $2.3 million from $2.6 million.  During the three
months ended June 30, 2007, the company recognized $62,000 in
override revenue, compared with $275,508 in 2006.  This was
because beginning in the second quarter of 2007, the company
decided to recognize override revenues only upon receipt of funds
or confirmation of entitlement from the travel supplier.

Marketing and sales expenses rose from $1.4 million to
$1.8 million primarily due to the increased payments to travel
agents.  

At June 30, 2007, the company's consolidated balance sheet showed
$6.3 million in total assets, $4.2 million in total liabilities
and $2.1 million in total stockholders' equity.

Full-text copies of the company's consolidated financial
statements for the quarter ended June 30, 2007, are available for
free at http://researcharchives.com/t/s?2304

                       Going Concern Doubt                

Mendoza Berger & Company LLP, in Irvine, Calif., expressed
substantial doubt about Joystar Inc.'s (nka Travel Star Inc.)
ability to continue as a going concern after auditing the
company's financial statements as of the years ended Dec. 31,
2006, and 2005.  The auditing firm said the the company's
viability is dependent upon its ability to obtain future financing
and the success of its future operations.

                      About Travelstar Inc.

Headquartered in Aliso Viejo, Calif., Travelstar inc. fka. Joystar
Inc. (OTC BB: TVLS.OB) is a leisure travel agency and a leading
seller of cruises and vacations.  The company sells complex travel
products including cruises, vacation packages and group travel
through its growing national sales force of virtual travel agents
and online affiliates.


TRG HOMEBUILDERS: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: T.R.G. Homebuilders, Inc., Debtor
        120 Bayberry Hills
        McDonough, GA 30253
        Tel: (404) 659-1410

Bankruptcy Case No.: 07-74358

Type of business: The Debtor builds homes.

Chapter 11 Petition Date: September 3, 2007

Court: Northern District of Georgia (Atlanta)

Judge: Randolph J. Haines

Debtor's Counsel: James L. Paul, Esq.
                  Chamberlain, Hrdlicka, White, Williams & Martin
                  34th Floor, 191 Peachtree Street Northeast
                  Atlanta, GA 30303-1410
                  Tel: (404) 659-1410
                  Fax: (404) 659-1852

Estimated Assets: $1 Million to $100 Million

Estimated Debts:      $100,000 to $1 Million

The Debtor does not have a list of its  largest unsecured
creditors.


TRUESTAR PETROLEUM: Optima Services Files Chapter 11 in Texas
-------------------------------------------------------------
Optima Services International LTD., one of the creditors of
Truestar Petroleum Corporation and Truestar Barnett LLC, filed
involuntary Chapter 11 bankruptcy petitions against TPC and
Truestar Barnett in the United States Bankruptcy Court for the
Northern District of Texas.

The majority of the assets of Truestar Barnett are located within
the geographic area served by the Northern District of Texas.

Press statement made by TPC stated that Macquarie Bank was in the
process of foreclosing on specific assets of Truestar Barnett and
such foreclosure was scheduled to take place on Sept. 4, 2007.  
Optima understands that the value of Truestar Barnett's oil and
gas assets in the Barnett Shale is greater than the obligations
owed to Macquarie Bank.

Optima took this action to protect its interests well as the
interests of all creditors who do not have valid liens against the
Barnett Shale oil and gas assets.

After the involuntary bankruptcy filings were effected, Optima was
informed that Truestar Barnett intended to file a voluntary
Chapter 11 case in the United States Bankruptcy Court sitting in
Denver, Colorado.

"Optima believes that the Northern District of Texas is the
appropriate venue for any bankruptcy involving Truestar Barnett
and/or TPC as the majority of assets are located in the Northern
District of Texas and the majority of creditors will be better
served if the bankruptcy is administered in the Northern District
of Texas," Robert Kubbernus, president of Optima Services
International LTD, stated.

              About TrueStar Petroleum Corporation

Headquartered in Vancouver, TrueStar Petroleum Corporation (CVE:
TPC) -- http://www.truestar-petroleum.com/-- is engaged in the  
exploration and development of oil and gas interests primarily in
the United States of America.  The company's principal business
activities include the identification, acquisition, exploration,
development, and production of natural gas and oil properties.  
The company's subsidiaries include Plumas Gold Mines Ltd., Plumas
Gold Mines U.S.A. Inc., Nevada Mine Development Corp., TrueStar
Americas Inc., TrueStar International Limited, TrueStar Guatemala
Limited and TrueStar Argentina Limited.

                          *     *     *

At Dec. 31, 2006, the company's balance sheet showed total assets
of $32.46 million, total liabilities of $64.91 million, resulting
to a shareholders' deficit of $32.45 million.

In April 2007, the company received another waiver until
June 2007, from Macquarie Bank Ltd. in respect to various breaches
of loan covenants.


TRUEYOU.COM INC: March 31 Balance Sheet Upside-Down by $86.7 Mil.
-----------------------------------------------------------------
TrueYou.Com Inc.'s consolidated balance sheet at March 31, 2007,
showed $23.1 million in total assets and $107.4 million in total
liabilities, resulting in a $84.3 million total stockholders'
deficit.

The company's consolidated balance sheet at March 31, 2007, also
showed strained liquidity with $6.1 million in total current
assets available to pay $69.9 million in total current
liabilities.

The company reported net income of $59.1 million in the third
quarer ended March 31, 2007, a reversal of the $153.9 million net
loss reported in the same period last year, mainly due to a
$90.5 million unrealized gain on convertible securities, reversing
a $147.0 million unrealized loss of $147.0 million in the three
months ended April 1, 2006.

The company reported an operating loss of $25.7 million in the
three months ending March this year, an increase from the
operating loss of $6.6 million in the same period last year,
mainly due to lower revenues and a goodwill impairment of
$18.1 million, versus $-0- in the same period ended April 1, 2006.

Revenues fell to $7.1 million from $10.5 million.  The significant
decrease in revenue was partially due to a $1.2 million decrease
in service revenue, comprised of spa and salon services.  The
company also experienced a $1.8 million decrease in wholesale
product sales from the sale of Cosmedicine products sold to
Sephora and other customers for the three months ended March 31,
2007, versus the three months ended April 1, 2006.  

                      Impairment of Goodwill

As a result of the notice of default received on the Senior
Secured Debt on March 8, 2007, and the drop in the company traded
share price, management determined that that the company's
goodwill has been impaired and have therefore recorded a charge of
$18.1 million in the fiscal quarter ended March 31, 2007, to
write-off all of its goodwill.

The company also determined that intangible assets related to non-
compete agreements, trademark / trade names, and customer
relationships have been fully impaired.  As a result, the company
also recorded a charge of $626,000 in its fiscal quarter ended
March 31, 2007, to write-off all of these intangible assets.

                       Loan Default Penalty

On March 8, 2007, Laurus, the holder of the company's
$25.0 million in principal amount of Senior Secured Debt and also
the holder of $1.0 million in principal amount of Senior
Subordinated Secured Debt, sent the company a Notice of Default
and Acceleration accelerating the obligations due to Laurus under
the Secured Term Note issued as of June 30, 2006, and the Senior
Subordinated Secured Term Note issued as of Dec. 22, 2006.  As a
result of this default, the company has classified the
aforementioned debt as current on its March 31, 2007, consolidated
balance sheet.  The company incurred a $3.8 million penalty in May
2007 as a result of this default, and recorded the charge and
related liability in the quarter ended March 31, 2007, which is
included in current portion of long term debt on the condensed
donsolidated balance sheet.

Full-text copies of the company's consolidated financial
statements for the quarter ended June 30, 2007, are available for
free at
http://www.sec.gov/Archives/edgar/data/1316924/000093041307006513/
c49717_10q.htm

       Financial Condition, Liquidity and Capital Resources

Net cash used in operating activities was $25.7 million and $20.2
million for the nine months ended March 31, 2007 and April 1,
2006, respectively.  This deterioration of cash flows resulted
primarily from an operating loss of $44.6 million for the nine
months ended March 31, 2007, versus an operating loss of
$20.1 million for nine months ended April 1, 2006.

Cash flows provided by financing activities were $29.0 million and
$27.6 million for the nine months ended March 31, 2007, and
April 1, 2006, respectively. For the nine months ended March 31,
2007, financing activities were primarily the $28.2 net increase
in debt due to the new financing, offset by the $900,000 debt
closing costs.  For the nine months ended April 1, 2006, cash
flows from financing activities were primarily the result of the
$14.9 million gross issuance of TrueYou Series D Preferred Stock,
$10.1 million gross issuance of KAAI Series G Preferred Stock and
$4.8 million gross from issuance of KAAI Series F Preferred Stock,
which was subsequently exchanged for Series H Preferred Stock.

                       Going Concern Doubt

Amper, Politziner & Mattia P.C., in Edison, N.J., expressed
substantial doubt about TrueYou.Com Inc.'s ability to continue as
a going concern after auditing the company's consolidated
financial statements as of the years ended July 1, 2006, and
June 30, 2005.  The auditing firm reported that the company has
incurred operating losses and negative cash flows from operations
since inception, and has a working capital deficiency.

As of March 31, 2007, the company had an accumulated deficit of
$86.7 million and a working capital deficiency of $63.7 million.

                      About TrueYou.Com Inc.

Headquartered in Norwalk, Conn., TrueYou.Com Inc. (Other OTC:
TUYU.PK) offers both medical and non-medical services and products
to customers.  The company co-brands its trade name with the trade
names of the salons and spas that it acquired.  The company offers
its Cosmedicine skin care products at retail through its own
location and at wholesale through Sephora stores and the internet.
The company is developing and testing the Klinger 360° Best
Practices Aesthetics System(TM), a comprehensive software and
hardware practice management system that facilitates the delivery
of evidenced based "best practices" aesthetic services.


TXU CORP: ISS & Glass Lewis Urges Shareholders to Vote FOR Merger
-----------------------------------------------------------------
Institutional Shareholder Services and Glass Lewis, independent
proxy advisory firms, recommended that TXU Corp. shareholders vote
"FOR" the merger transaction between TXU and Texas Energy Future
Holdings Limited Partnership.  TEF was formed by a group of
investors led by Kohlberg Kravis Roberts & Co. and Texas Pacific
Group to facilitate the merger.  TXU shareholders should vote
promptly so that their votes can be counted at the company's Sept.
7, 2007 Annual Meeting of Shareholders.

In recommending that TXU shareholders vote to approve the
transaction, ISS stated:

"We conclude that the proposed buyout compares favorably to
comparable transactions.  TXU has been affected by both positive
and negative developments since the February announcement of the
buyout.  Although at certain point the implied takeover premium
had declined as the company's peer set rallied, as of the date of
this recommendation the offer price reflects a reasonable control
premium."

Noting in its report that the transaction value represents an
"all-time high value for shareholders," Glass Lewis stated:

"Quantitatively, we believe the merger value per share appears
financially fair for shareholders.  The cash consideration falls
at the high end of the equity valuation ranges presented in the
updated analyses of the financial advisor to the special
committee."

Egan-Jones and Proxy Governance, two other independent proxy
advisory firms, also issued opinions recommending that
shareholders vote in favor of the merger.

"We are very pleased that ISS, Glass Lewis, Egan-Jones and Proxy
Governance have all confirmed the board of directors' view that
this transaction is in the best interests of our shareholders," C.
John Wilder, TXU chairman and CEO, said.  "These announcements
demonstrate strong support for the board of directors' conclusion
that the merger offers the best value to shareholders."

Shareholders of record as of the close of business on July 19,
2007, will be entitled to vote on the proposed merger.  Under the
terms of the merger agreement, as announced on Feb. 26, 2007, TXU
Corp. shareholders will receive $69.25 in cash per share after
closing.
TXU urges all shareholders to vote "FOR" the merger transaction,
consistent with the recommendations of TXU's board of directors
and ISS, Glass Lewis, Egan-Jones and Proxy Governance, four
independent proxy advisory firms.

Since approval of the merger requires the affirmative vote of at
least two-thirds of the outstanding shares, each TXU shareholder's
vote is extremely important, regardless of the number of shares
owned.  A failure to vote will have the same effect as a vote
against the transaction.

TXU shareholders should vote by telephone or by Internet by
following the easy instructions on the proxy card, or by signing,
dating and returning the proxy card promptly to ensure their
shares are voted.

Shareholders who have questions or need assistance in the voting
of their shares should call TXU's proxy solicitor, Georgeson,
Inc., toll-free at (888) 605-7523 (banks and brokers may call
collect at (212) 440-9800).

TXU's Annual Meeting of Shareholders will be held on Sept. 7, 2007
at 9:30 a.m. local time in the Dallas Ballroom of the
International Conference and Exposition Center located in the
Adam's Mark Hotel at 400 North Olive Street, Dallas, Texas 75201.

                        About TXU Corp.

Headquartered in Dallas, Texas, TXU Corp. (NYSE: TXU) --
http://www.txucorp.com/-- is an energy holding company that   
manages a portfolio of competitive and regulated energy
subsidiaries, primarily in Texas , including TXU Energy, Luminant,
and Oncor.  TXU Energy provides electricity and related services
to 2.1 million electricity customers in Texas .  Luminant has over
18,300 MW of generation in Texas , including 2,300 MW of nuclear
and 5,800 MW of coal-fueled generation capacity.  Oncor operates a
distribution and transmission system in Texas , providing power to
three million electric delivery points over more than 101,000
miles of distribution and 14,000 miles of transmission lines.

                         *     *     *

As reported in the Troubled Company Reporter on March 29, 2007,
the proposed acquisition of TXU Corp. by a consortium of private
equity investors will likely lead to a period of aggressive
financing that could make TXU a deeply speculative-grade rated
company, Moody's Investors Service said in a report exploring
the proposed transaction's credit implications.  Currently, only
TXU's senior unsecured debt, at Ba1, is rated non-investment
grade.


UAL CORP: Provides Update on Resale of 4.50% Senior Notes
---------------------------------------------------------
UAL Corp. separately filed with the U.S. Securities and Exchange
Commission, on July 7, 2007 and August 14, two further
supplements to the prospectus dated April 23, 2007, relating to
the resale by selling security holders of up to $726,000,000
aggregate principal amount of 4.50% Senior Limited-Subordination
Convertible Notes due 2021 and shares of UAL's common stock
issuable upon conversion of the notes or in payment of accrued
interest on the notes.

The Third and Fourth Supplement to the Prospectus provides an
updated list of the Selling Securityholders and the total number
of UAL shares they beneficially own after the offering:

A. Third Supplement


Selling          Principal Amount of  UAL Shares   Shares Owned
Securityholder   Notes Owned/Offered   Offered    After Offering
--------------   -------------------  ----------  --------------
Credit Suisse            $34,200,000     981,659               -
Securities Europe
Ltd.

Goldman, Sachs &           8,500,000     243,979       2,101,369
Co.

Total                    $42,700,000   1,225,638       2,101,369


B. Fourth Supplement

Selling          Principal Amount of  UAL Shares   Shares Owned
Securityholder   Notes Owned/Offered   Offered    After Offering
--------------   -------------------  ----------  --------------
Fidelity                 $21,090,000     605,356               -
Devonshire Trust:
Fidelity Equity-
Income Fund

Fidelity                  10,500,000     301,386               -
Financial Trust:
Fidelity
Convertible
Securities Fund

Variable Insurance         8,680,000     249,146               -
Products Fund:
Equity Income
Portfolio

Fidelity Puritan           7,730,000     221,878               -
Trust: Fidelity
Puritan Fund

Fidelity Advisor           5,200,000     149,258          19,200
Series II: Fidelity
Advisor High Income
Advantage Fund

Fidelity Financial         2,000,000      57,407               -
Trust: Fidelity
Strategic Dividend
& Income Fund

Pension Investment         1,800,000      51,666               -
Committee of
General Motors
Employees Domestic
Group Pension Trust

Fidelity Large Cap           120,000       3,444               -
Value Fund

JPMorgan Securities        5,935,000     170,355               -
Inc.

Total                    $63,055,000   1,809,896          19,200

UAL stated that the information concerning the Selling
Securityholders may change from time to time.  Any changed
information will be set forth in prospectus supplements or
amendments from time to time, if required.

The Selling Securityholder's notes are assumed at a conversion
rate of 28.7035 shares of UAL's Common Stock per $1,000 principal
amount of the notes and a cash payment in lieu of any fractional
shares.

The Third Supplement to the Prospectus is available for free at:

http://sec.gov/Archives/edgar/data/100517/000095013707009664/c1650
1e424b7.htm

The Fourth Supplement to the Prospectus is available for free at:

http://sec.gov/Archives/edgar/data/100517/000095013707012351/c1779
1b7e424b7.htm

                         About UAL Corp.

Based in Chicago, Illinois, UAL Corporation (NASDAQ: UAUA)
-- http://www.united.com/-- is the holding company for United  
Air Lines, Inc.  United Airlines is the world's second largest air
carrier.  The company filed for chapter 11 protection on Dec. 9,
2002 (Bankr. N.D. Ill. Case No. 02-48191).  James H.M. Sprayregen,
Esq., Marc Kieselstein, Esq., David R. Seligman, Esq., and Steven
R. Kotarba, Esq., at Kirkland & Ellis, represented the Debtors in
their restructuring efforts.  Fruman Jacobson, Esq., at
Sonnenschein Nath & Rosenthal LLP represented the Official
Committee of Unsecured Creditors before the Committee was
dissolved when the Debtors emerged from bankruptcy.  Judge Wedoff
confirmed the Debtors' Second Amended Plan on Jan. 20, 2006.  The
company emerged from bankruptcy protection on Feb. 1, 2006.
(United Airlines Bankruptcy News, Issue No. 146; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or  
215/945-7000).

                          *     *     *

UAL Corp. and its principal operating subsidiary United Airlines
Inc., carries Fitch Ratings' B- Issuer Default Rating.


US ENERGY: Provides Update on Liquidity; Issues Bankruptcy Warning
------------------------------------------------------------------
U.S. Energy Systems, Inc., on June 25, 2007, said that, absent a
refinancing, the raising of additional capital or other financial
restructuring, the company would be unable, as early as August
2007, to meet operating requirements and certain contractual
obligations as they become due.  In addition, the company further
indicated that it had insufficient funds to make certain required
capital contributions required under the UK financing arrangements
between September and December of 2007.

In a recent filing with the U.S. Securities and Exchange
Commission, the company provided further updates on these issues.

                              Liquidity

Based upon updated estimates of cash activity, the company will
require additional funding during September 2007 in order to
continue to meet operating and contractual obligations as they
become due.

It is estimated that approximately $21 million will be required to
provide USEY with sufficient liquidity to fund:

    (i) approximately $8.2 million in capital contributions
        required to be made by USEY under the UK financing
        arrangements,

   (ii) $2.8 million in working capital required for USEY to
        continue operations through December 31, 2007 and

  (iii) $10 million of capital contributions to its UK
        subsidiaries to allow such subsidiaries to continue
        operations through Dec. 31, 2007.

The funding requirements described above do not take into account
approximately $25 million of restricted cash reserves in place
under the UK financing arrangements.

The company is engaged in discussions with its lenders with
respect to restructuring existing indebtedness, including
receiving access to the restricted cash reserves, and is exploring
funding alternatives, including sales of assets, with lenders and
others.

While a non-binding Letter of Intent for the sale of USEY's
subsidiary U.S. Energy Biogas Corp. has been executed, no
definitive agreements concerning asset sales or other funding
alternatives have been reached, and the discussion of funding
alternatives is in a preliminary stage.  There can be no assurance
that the company can obtain the required funding within the
necessary timeframe or on terms which would be in the best
interests of the company's stakeholders.

The failure to obtain such funds is likely to result in USEY
filing for protection in the U.S. under Chapter 11 of the
Bankruptcy Code and its UK subsidiaries being forced to enter
bankruptcy administration in the UK.

             Capital Program, Operations and Assets

The company, on its June 25, 2007 disclosure said that based on
forecasts provided by third party engineers, the capital
expenditure program for the UK assets on which the UK financing
arrangements were based would significantly exceed the capital
expenditure budget of $36,000,000 and could exceed that amount by
more than 100%.

The company now believes that the capital requirements with
respect to its original plan to expand the company's UK assets
will exceed the original capital expenditure budget by
significantly more than 100%.  As a result of the inability to
fund these capital requirements, the company's management is in
the process of developing a revised plan for the company's UK
assets in lieu of the originally contemplated plan which was the
basis for the UK financing.

Once the results of the reserve report and 3D seismic program have
been completed and analyzed, which may not be until January 2008,
the company's management will be in a position to formulate an
appropriate strategy with respect to its UK assets and determine
the future capital expenditure program needed to maximize the
value of the gas reserves.

There can be no assurance that (i) the company will be able to
make satisfactory arrangements with its lenders or others to
provide the company with sufficient debt restructuring and
liquidity until such an assessment can be made, (ii) the reserve
reports will support a commercially viable alternative business
plan with respect to the company's UK assets, or (iii) the
company's existing lenders or others will provide the additional
funding or capital that any such plan developed by the Company's
management may require.

Through Dec. 31, 2007, the company's capital expenditure program
will need to include sufficient amounts to fund (1) repairs at one
of the UK subsidiaries' gas wells and (2) the 3D seismic program.

Generating plant production – Due to a shortfall in the production
of gas resulting from the shutting in of one of UKES' producing
wells, the power plant is producing at approximately 20% below its
generating capacity resulting in a reduction in revenues of
approximately $10,000 per day.  The gas shortfall is the result of
the inability of the well to return to production after it was
shut down for collection system repairs.  In order to bring the
well back into production, a workover of the well is needed which
would cost approximately $1,000,000, for which funds are not
currently available. There can be no assurance that the initial
workover will be successful and more expensive procedures may be
required to bring the well back to production.  If funding for the
workover can be obtained, management estimates that it will take
from 6 to 8 weeks from commencement to perform the work.

Reserves – It is anticipated that the company will receive an
updated gas reserve report from its independent engineer within
the next three weeks.  The company says that UK assets contained
approximately 62.4 bcf (P2) of proven and probable reserves.

At present, the company has received no indication whether the
updated gas reserve report will result in any adjustment (whether
upward or downward) of the Proven and Probable Reserves.  In
addition to the updated reserve report, the company has been
engaged in a 3D seismic program, the field work for which is
scheduled to be completed during the last two weeks of September.  
Once the field work is processed and analyzed, the program will
provide the company's management with additional guidance
pertaining to the optimal location of the additional wells that
will be needed to monetize the gas identified in the reserve
reports.

                    Actions Being Taken.

In order to obtain capital and to provide for future operations,
the company is pursuing these options:

The Sale of U.S. Energy Biogas Corp.:

The Company executed a Letter of Intent submitted by Silver Point
Finance, LLC to acquire, in an all-cash acquisition, 100% of the
common stock of U.S. Energy Biogas Corp. for a purchase price
payable to the company equal to $9.0 million.  In connection with
the Equity Acquisition, Silver Point is also willing to consider
an increase in the amount available under the Credit and Guaranty
Agreement previously entered into between the Company and Silver
Point of up to $8.0 million of which $2.0 million would funded
upon the completion of the Debt Financing and $6.0 million would
be available at the discretion of Silver Point.  Negotiations are
proceeding.

Bank Negotiations:

The company and its expert consultants are currently in
discussions with the company's lenders in an attempt to
restructure and/or expand on current financing arrangements or
enter into new arrangements.  The restrictions, consent rights and
liens on the company's assets under the company's existing debt
instruments, together with the company's highly leveraged capital
structure, significantly limit the Company's ability to
restructure the existing debt financing arrangements and raise new
capital.  One of the company's senior lenders has indicated a
willingness to discuss the extension of additional credit to the
company but there can be no assurance that such additional
financing will be made available or be on terms acceptable to the
company.  The company continues to be in non-monetary default
under the UK financing arrangements and is required to pay
interest at the default rate under the UK financing arrangements.  
This results in an additional monthly interest payment equal to
approximately $220,000 of which approximately $92,000 are rolled
up into principal under the terms of the UK financing
arrangements.

Business Planning:

Upon receipt of the reserve report and completion of the seismic
studies referred to above, management will be in a position to
determine the value of the UK assets and whether these assets can
be developed and operated in a profitable manner.  This
determination will be critical to the company's prospects.

Other:

The company has entered into discussions with various entities
seeking to invest in either the UK assets or in the Company
itself.  The company has recently received a letter from an entity
indicating its interest in investing in the company.  As the
letter was just recently received, the company is in the early
stages of the analysis of the offer.  However, the offer as
written would prohibit the sale of U.S. Energy Biogas Corp. and
would involve substantial dilution of existing shareholders.

The company can provide no assurance that it will be able to
obtain the required financing, restructure existing indebtedness
and profitably operate its assets under these or any other
scenarios.  Failure to do so is likely to result in USEY filing
for protection in the U.S. under Chapter 11 of the Bankruptcy Code
as well as its UK subsidiaries being forced to enter bankruptcy
administration in the UK.

                    About U.S. Energy Systems

U.S. Energy Systems, Inc. -- http://www.useyinc.com/-- (Nasdaq:   
USEY) owns of green power and clean energy and resources.  USEY
owns and operates energy projects in the United States and United
Kingdom that generate electricity, thermal energy and gas
production.

The company has a 100% interest in U.S. Energy Biogas Corp., which
owns and operates 23 landfill gas to energy projects in the United
States, 20 of which produce electricity and three of which sell
landfill gas as an alternative to natural gas.  The company also
has a 100% interest in Plymouth Envirosystems, Inc., which owns a
50% interest in Plymouth Cogeneration Limited Partnership.
Plymouth Cogeneration Limited Partnership owns and operates a
combined heat and power plant in Massachusetts that produces
1.2MWs of electricity and 7 MWs of heat.  The company further has
a 79% interest in GBGH, LLC, which owns energy assets and mineral
rights in the United Kingdom including a 42MW gas-fired power
plant and gas licenses for approximately 100,000 acres of onshore
natural gas properties and mineral rights in North Yorkshire,
England.  GBGH is the parent company of UK Energy Systems, LTD.


VALLEY REALTY: Section 341(a) Meeting Scheduled for October 9
-------------------------------------------------------------
The United States Trustee for Region 14 scheduled a meeting of
Valley Realty Advisors, L.L.C.'s creditors for Oct. 9, 2007,
At 2:00 p.m. at. U.S. Trustee Meeting Room, 230 N. First Avenue,
Suite 102 in Phoenix, Arizona.

This is the first meeting of creditors required under 11 U.S.C.
Sec. 341(a) in all bankruptcy cases.  All creditors are invited,
but not required, to attend.  This Meeting of Creditors offers the
one opportunity in a bankruptcy proceeding for creditors to
question a responsible office of the Debtor under oath about the
company's financial affairs and operations that would be of
interest to the general body of creditors.

Phoenix, Arizona-based Valley Realty Advisors, L.L.C. filed for
Chapter 11 bankruptcy protection on Aug. 24, 2007 (Bankr. D. Ariz.
Case No. 07-04217).  John R. Clemency, Esq., at Greenberg Traurig,
L.L.P. acts as the Debtor's bankruptcy counsel.  The Debtor listed
total assets of $22,068,000 and total debts of $13,965,339 when it
filed for bankruptcy.


VERIFONE HOLDINGS: Names William Nichols as Sr. Vice-President
--------------------------------------------------------------
VeriFone Holdings Inc. promoted William C. Nichols to senior vice
president, Asia Pacific, where he will be instrumental in the
company's goal of promoting its newest products and solutions into
key markets.

Lazy Yanay, formerly managing director, Asia, has been named
managing director, Business Development.  Both will report to
VeriFone chairman and CEO Douglas G. Bergeron.

Mr. Nichols, formerly vice president, Global Marketing and
Business Development, will be responsible for emerging payments
markets in China, India, North East and Southeast Asia, Australia
and New Zealand.  He will also retain his role as head of global
marketing, with responsibility for product strategy and global
demand generation programs.

Prior to the acquisition of Lipman in October 2006, Mr. Nichols
served as vice president and general manager of the emerging
market region, comprised of Latin America, the Caribbean and the
Asia Pacific business units.  Prior to that assignment he served
as vice president of international marketing.  He joined VeriFone
in 1995 by opening the VeriFone do Brazil office and serving as
its first general manager.

"We continue to broaden our product set in all geographies and
make great headway as the industry leader in so many areas," said
Mr. Bergeron.  "Bill Nichols and Lazy Yanay will be instrumental
in our efforts to accelerate growth in key markets."

Headquartered in San Jose, California, VeriFone Holdings Inc.
(NYSE:PAY) -- http://www.verifone.com/-- is a provider of  
technology that enables electronic payment transactions and value-
added services at the point of sale.  Its system solutions consist
of point of sale electronic payment devices that run the company's
and third-party operating systems, security and encryption
software and certified payment software, well as third-party
applications.  Its system solutions process a range of payment
types, including signature and personal identification number-
based debit cards, credit cards, contactless/radio frequency
identification cards, smart cards, electronic bill payment, check
authorization and conversion, signature capture and electronic
benefits transfer.

                          *     *     *

As of Sept. 4, 2007, the company holds Moody's B1 long-term
corporate family rating, Ba3 bank loan debt rating, and B2
probability of default rating.  The outlook is stable.


WR GRACE: Wants Approval to Raise OCP Cap to $1.2 Million
---------------------------------------------------------
W.R. Grace & Co. and its debtor-affiliates ask the Hon. Judith
Fitzgerald of the U.S. Bankruptcy Court for the District of
Delaware to amend the Ordinary Course Professional Order to
increase the Total OCP Expenditure Cap to $1,200,000.

The uninterrupted services of the OCPs are vital to the Debtors'
continuing operations and their ultimate ability to reorganize,
Timothy P. Cairns, Esq., at Pachulski Stang Ziehl Young Jones &
Weintraub, LLP, in Wilmington, Delaware, contends.  The Debtors'
operations would be hindered if OCPs are either not paid for
their services or required to submit fee applications to the
Court for all their fees and expenses billed.

Mr. Cairns points out that from April 1, 2007, through June 30,
2007, certain OCP fees and expenses since the Petition Date are
nearing the current $800,000 Total Expenditure Cap because of
increased activity in the reorganization process.  Mr. Cairns
tells the Court that while the Debtors have made significant
progress in resolving their asbestos liabilities, the estimation
trial on asbestos-related personal injury claims has been delayed
and will not commence until January 2008.  

Mr. Cairns contends that with a $400,000 increase in the OCP
expenditure budget, the Debtors should be able to prevent the
need for further increases in the OCP Expenditure Cap until the
conclusion of the PI estimation proceedings.

The Debtors also ask the Court to allow OCPs to seek approval of
compensation that exceeds the $50,000 Monthly Cap by filing fee
applications without prior Court approval to do so.  

In another filing, the Debtors ask the Court to allow the fees
and expenses incurred and billed by Morrison & Foerster, LLP, to
exceed the Monthly Cap.

                        About W.R. Grace

Headquartered in Columbia, Md., W.R. Grace & Co. (NYSE:GRA)
-- http://www.grace.com/-- supplies catalysts and silica
products, especially construction chemicals and building
materials, and container products globally.

The Company and its debtor-affiliates filed for chapter 11
protection on April 2, 2001 (Bankr. D. Del. Case No. 01-01139).
James H.M. Sprayregen, Esq., at Kirkland & Ellis, and Laura Davis
Jones, Esq., at Pachulski, Stang, Ziehl, Young, Jones & Weintraub,
P.C., represent the Debtors in their restructuring efforts.  The
Debtors hired Blackstone Group, L.P., for financial advice.
PricewaterhouseCoopers LLP is the Debtors' accountant.

Stroock & Stroock & Lavan LLP represent the Official Committee of
Unsecured Creditors.  The Creditors Committee tapped Capstone
Corporate Recovery LLC for financial advice.  David T. Austern,
the legal representative of future asbestos personal injury
claimants, is represented by Orrick Herrington & Sutcliffe LLP and
Phillips Goldman & Spence, PA.  Anderson Kill & Olick, P.C.,
represent the Official Committee of Asbestos Personal Injury
Claimants.  The Asbestos Committee of Property Damage Claimants
tapped Martin W. Dies, III, Esq., at Dies & Hile L.L.P., and C.
Alan Runyan, Esq., at Speights & Runyan,to represent it.  Lexecon,
LLP, provided asbestos claims consulting services to the Official
Committee of Equity Security Holders.

The Debtors' filed their Chapter 11 Plan and Disclosure Statement
on Nov. 13, 2004.  On Jan. 13, 2005, they filed an Amended Plan
and Disclosure Statement.  The hearing to consider the adequacy of
the Debtors' Disclosure Statement began on Jan. 21, 2005.  The
Debtors' exclusive period to file a chapter 11 plan expired on
July 23, 2007.

At Dec. 31, 2006, the W.R. Grace's balance sheet showed total
assets of $3,620,400,000 and total debts of $4,189,100,000.  (W.R.
Grace Bankruptcy News, Issue No. 137; Bankruptcy Creditors'
Service, Inc., http://bankrupt.com/newsstand/or 215/945-7000).


* Busby & Lee Launches Credit Report Repair Service
---------------------------------------------------
The Houston bankruptcy and consumer law firm of Busby & Lee
recently announced the launch of its new Credit Report Repair
service for all consumers.

The Credit Report Repair service is designed to help any consumer,
who has either filed bankruptcy or has unresolved errors on their
credit report, clean up or repair the credit report.  The service
accomplishes this by working with Credit Reporting Agencies to
dispute inaccurate information, forcing creditors to prove the
existence of a debt, or taking action under the Fair Credit
Reporting Act.

"Two of the top consumer complaints each year are credit reporting
and credit-related issues," said Michael Busby, a partner with
Busby & Lee.

"Many people don't know that their credit report has errors until
they get turned down trying to buy a house or a car. Our Credit
Report Repair service can help repair and clean up their credit
report so they won't face that embarrassment again," Mr. Busby
added.

Busby & Lee is one of the first law firms in the state to
establish a specific Credit Report Repair service.  Anyone needing
help repairing or cleaning up their credit report is invited to
call to set up a free consultation with one of Busby & Lee's
consumer lawyers.

Busby & Lee -- http://www.busby-lee.com/-- is a full service  
Houston and Harris County bankruptcy, debt negotiation, divorce,
family and consumer law firm.


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------
Sept. 6, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Breakfast Event
        Carnelian Room, San Francisco, California
           Contact: 510-346-6000 ext 226 or
                    http://www.turnaround.org/

Sept. 6-7, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Complex Financial Restructuring Program
        Four Seasons, Las Vegas, Nevada
           Contact: http://www.turnaround.org/

Sept. 6-8, 2007
  AMERICAN BANKRUPTCY INSTITUTE
     15th Annual Southwest Bankruptcy Conference
        Four Seasons, Las Vegas, Nevada
              Contact: http://www.abiworld.org/

Sept. 11, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Annual Networking at the Yards
        Oriole Park at Camden Yards, Baltimore, Maryland
           Contact: 215-657-5551 or http://www.turnaround.org/

Sept. 14, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Body of Knowledge - CTP Review Class
        Chicago, Illinois
           Contact: http://www.turnaround.org/

Sept. 18, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     14th Annual Connecticut Children's Medical Center
        Fundraiser Golf Outing
           Woodbridge Country Club, Woodbridge, Connecticut
              Contact: 203-265-2048 or http://www.turnaround.org/

Sept. 19, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Buying and Selling Troubled Companies
        Marriott North, Fort Lauderdale, Florida
           Contact: http://www.turnaround.org/

Sept. 20, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Lean Transformation at Current and Other Case Studies
        Denver Athletic Club, Denver, Colorado
           Contact: http://www.turnaround.org/

Sept. 25, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Luncheon - Retail Panel
        Citrus Club, Orlando, Florida
           Contact: http://www.turnaround.org/

Sept. 26, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Joint Educational & Networking Reception
        TBD, New Jersey
           Contact: 908-575-7333 or http://www.turnaround.org/

Sept. 26-27, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Florida Annual Golf Tournament
        Tampa, Florida
           Contact: 561-882-1331 or http://www.turnaround.org/

Sept. 27, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Arizona Chapter Meeting
        TBA, Arizona
           Contact: http://www.turnaround.org/

Sept. 27-30, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     8th Annual Cross Border Business
        Restructuring & Turnaround Conference
           Contact: http://www.turnaround.org/

Oct. 2, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Networking Breakfast
        TBD, Bridgewater, New Jersey
           Contact: 908-575-7333 or http://www.turnaround.org/

Oct. 4, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Breakfast Event
        Carnelian Room, San Francisco, California
           Contact: 510-346-6000 ext 226 or
                    http://www.turnaround.org/

Oct. 5, 2007
  AMERICAN BANKRUPTCY INSTITUTE
     ABI/GULC "Views from the Bench"
        Georgetown University Law Center
           Washington, District of Columbia

Oct. 9-10, 2007
  INTERNATIONAL WOMEN'S INSOLVENCY & RESTRUCTURING
     CONFEDERATION
        IWIRC Annual Fall Conference
           Orlando, Florida
              Contact: http://www.iwirc.org/

Oct. 10-13, 2007
  NATIONAL CONFERENCE OF BANKRUPTCY JUDGES
     81st Annual National Conference of Bankruptcy Judges
        Contact: http://www.ncbj.org/

Oct. 11, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Luncheon
        University Club, Jacksonville, Florida
           Contact: 561-882-1331 or http://www.turnaround.org/

Oct. 11, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Winn Dixie Bankruptcy
        University Club, Jacksonville, Florida
           Contact: 561-882-1331 or http://www.turnaround.org/

Oct. 12, 2007
  INTERNATIONAL WOMEN'S INSOLVENCY & RESTRUCTURING CONFEDERATION
     Presentation by George F. Will: The Political Argument Today
        Orlando, Florida
           Contact: http://www.ardent-services.com/

Oct. 12, 2007
  AMERICAN BANKRUPTCY INSTITUTE
     ABI Educational Program at NCBJ
        Orlando World Marriott, Orlando, Florida
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 16-19, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Annual Convention
        Marriott Copley Place
           Boston, Massachussets
              Contact: 312-578-6900; http://www.turnaround.org/

Oct. 23, 2007
  BEARD AUDIO CONFERENCES
     Partnerships in Bankruptcy
        Contact: 240-629-3300;
                 http://www.beardaudioconferences.com/

Oct. 25, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Capital Markets Case Study
        Seattle, Washington
           Contact: http://www.turnaround.org/

Oct. 25, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Arizona Chapter Meeting
        Contact: http://www.turnaround.org/

Oct. 26, 2007
  AMERICAN BANKRUPTCY INSTITUTE
     International Insolvency Symposium
        Hotel Adlon Kempinski, Berlin, Germany
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 30, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Luncheon
        Centre Club, Tampa, Florida
           Contact: 561-882-1331; http://www.turnaround.org/

Oct. 30, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Crisis Communications With Employees, Vendors and Media
        Centre Club, Tampa, Florida
           Contact: http://www.turnaround.org/

Nov. 1, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Breakfast Event
        Carnelian Room, San Francisco, California
           Contact: 510-346-6000 ext 226 or
                    http://www.turnaround.org/

Nov. 1, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Networking Breakfast
        TBD, Hackensack, New Jersey
           Contact: 908-575-7333; http://www.turnaround.org/

Nov. 12, 2007
  AMERICAN BANKRUPTCY INSTITUTE
     Consumer Bankruptcy Conference
        Marriott, Troy, Michigan
           Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 14, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Holiday Mixer
        McCormick & Schmick's, Las Vegas, Nevada
           Contact: 702-952-2480 or http://www.turnaround.org/

Nov. 14, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Aloha Airlines Story
        Bankers Club, Miami, Florida
           Contact: http://www.turnaround.org/

Nov. 14, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Australia 4th Annual Conference and Gala Dinner
         Hilton, Sydney, Australia
           Contact: http://www.turnaround.org/

Nov. 14, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Dinner
        TBA, South Florida
           Contact: 561-882-1331 or http://www.turnaround.org/

Nov. 15, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Portland Holiday Party
        University Club, Portland, Oregon
           Contact: 206-223-5495; http://www.turnaround.org/

Nov. 22, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Networking Mixer
        TBA, Vancouver, British Columbia
           Contact: 206-223-5495; http://www.turnaround.org/

Nov. 27, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Luncheon - Real Estate Panel
        Citrus Club, Orlando, Florida
           Contact: http://www.turnaround.org/

Nov. 29, 2007
  INTERNATIONAL WOMEN'S INSOLVENCY & RESTRUCTURING CONFEDERATION
     Holiday Gala
        Yale Club, New York, New York
           Contact: http://www.iwirc.org/

Nov. 29, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Special Speaker
        TBD, New Jersey
           Contact: 908-575-7333; http://www.turnaround.org/

Nov. 29, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Special Speaker
        Hilton, Sydney, Australia
           Contact: http://www.turnaround.org/

Nov. 29, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Arizona Chapter Meeting
        Contact: http://www.turnaround.org/

Dec. 6, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Seattle Holiday Party
        Athletic Club, Seattle, Washington
           Contact: 206-223-5495; http://www.turnaround.org/

Dec. 6-8, 2007
  AMERICAN BANKRUPTCY INSTITUTE
     Winter Leadership Conference
        Westin Mission Hills Resort, Rancho Mirage, California
           Contact: 1-703-739-0800; http://www.abiworld.org/

Dec. 13, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Holiday Extravaganza - TMA & CFA
        Georgia Aquarium, Atlanta, Georgia
           Contact: 678-795-8103 or http://www.turnaround.org/

Dec. 13, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     Holiday Extravaganza - TMA & CFA
        Georgia Aquarium, Atlanta, Georgia
           Contact: 678-795-8103 or http://www.turnaround.org/

Dec. 19, 2007
  TURNAROUND MANAGEMENT ASSOCIATION
     South Florida Dinner
        TBA, South Florida
           Contact: 561-882-1331; http://www.turnaround.org/

Jan. 10, 2008
  TURNAROUND MANAGEMENT ASSOCIATION
     Luncheon
        University Club, Jacksonville, Florida

Feb. 7, 2008
  TURNAROUND MANAGEMENT ASSOCIATION
     Breakfast Event
        Carnelian Room, San Francisco, California
           Contact: 510-346-6000 ext 226 or
                    http://www.turnaround.org/

Mar. 25-29, 2008
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Spring Conference
        Ritz Carlton Grande Lakes, Orlando, Florida
           Contact: http://www.turnaround.org/

Apr. 3-6, 2008
  AMERICAN BANKRUPTCY INSTITUTE
     26th Annual Spring Meeting
        The Renaissance, Washington, District of Columbia
           Contact: http://www.abiworld.org/

Apr. 25-27, 2008
  NATIONAL ASSOCIATION OF BANKRUPTCY JUDGES
     NABT Spring Seminar
        Eldorado Hotel & Spa, Santa Fe, New Mexico
           Contact: http://www.nabt.com/

May 1-2, 2008
  AMERICAN BANKRUPTCY INSTITUTE
     Debt Symposium
        Hilton Garden Inn, Champagne/Urbana, Illinois
           Contact: 1-703-739-0800; http://www.abiworld.org/

June 4-7, 2008
  ASSOCIATION OF INSOLVENCY & RESTRUCTURING ADVISORS
     24th Annual Bankruptcy & Restructuring Conference
        J.W. Marriott Spa and Resort, Las Vegas, Nevada
           Contact: http://www.airacira.org/

June 12-14, 2008
  AMERICAN BANKRUPTCY INSTITUTE
     15th Annual Central States Bankruptcy Workshop
        Grand Traverse Resort and Spa, Traverse City, Michigan
           Contact: http://www.abiworld.org/

July 10-13, 2008
  TURNAROUND MANAGEMENT ASSOCIATION
     16th Annual Northeast Bankruptcy Conference
        Ocean Edge Resort
           Brewster, Massachussets
              Contact: http://www.turnaround.org/

July 31 - Aug. 2, 2008
  AMERICAN BANKRUPTCY INSTITUTE
     4th Annual Mid-Atlantic Bankruptcy Workshop
        Hyatt Regency Chesapeake Bay
           Cambridge, Maryland
              Contact: http://www.abiworld.org/

Aug. 16-19, 2008
  AMERICAN BANKRUPTCY INSTITUTE
     13th Annual Southeast Bankruptcy Workshop
        Ritz-Carlton, Amelia Island, Florida
           Contact: http://www.abiworld.org/

Aug. 20-24, 2008
  NATIONAL ASSOCIATION OF BANKRUPTCY JUDGES
     NABT Convention
        Captain Cook, Anchorage, Alaska
           Contact: http://www.nabt.com/

Sept. 24-27, 2008
  NATIONAL CONFERENCE OF BANKRUPTCY JUDGES
     National Conference of Bankruptcy Judges
        Scottsdale, Arizona
           Contact: http://www.ncbj.org/

Oct. 28-31, 2008
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Annual Convention
        Marriott New Orleans, Louisiana
           Contact: 312-578-6900; http://www.turnaround.org/

Dec. 3-5, 2008
  AMERICAN BANKRUPTCY INSTITUTE
     20th Annual Winter Leadership Conference
        Westin La Paloma Resort & Spa
           Tucson, Arizona
              Contact: http://www.abiworld.org/

May 7-10, 2009
  AMERICAN BANKRUPTCY INSTITUTE
     27th Annual Spring Meeting
        Gaylord National Resort & Convention Center
           National Harbor, Maryland
              Contact: http://www.abiworld.org/

June 21-24, 2009
  INTERNATIONAL ASSOCIATION OF RESTRUCTURING, INSOLVENCY &
     BANKRUPTCY PROFESSIONALS
        8th International World Congress
           TBA
              Contact: http://www.insol.org/

Sept. 10-12, 2009
  AMERICAN BANKRUPTCY INSTITUTE
     17th Annual Southwest Bankruptcy Conference
        Hyatt Regency Lake Tahoe, Incline Village, Nevada
           Contact: http://www.abiworld.org/

Oct. 5-9, 2009
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Annual Convention
        Marriott Desert Ridge, Phoenix, Arizona
           Contact: 312-578-6900; http://www.turnaround.org/

Dec. 3-5, 2009
  AMERICAN BANKRUPTCY INSTITUTE
     21st Annual Winter Leadership Conference
        La Quinta Resort & Spa, La Quinta, California
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 4-8, 2010
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Annual Convention
        JW Marriott Grande Lakes, Orlando, Florida
           Contact: http://www.turnaround.org/

BEARD AUDIO CONFERENCES
  2006 BACPA Library  
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com;
              http://researcharchives.com/t/s?20fa

BEARD AUDIO CONFERENCES
  BAPCPA One Year On: Lessons Learned and Outlook
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Calpine's Chapter 11 Filing
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Changes to Cross-Border Insolvencies
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Changing Roles & Responsibilities of Creditors' Committees
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Clash of the Titans -- Bankruptcy vs. IP Rights
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Coming Changes in Small Business Bankruptcy
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Dana's Chapter 11 Filing
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Deepening Insolvency – Widening Controversy: Current Risks,
     Latest Decisions
        Audio Conference Recording
           Contact: 240-629-3300;
              http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Diagnosing Problems in Troubled Companies
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Distressed Claims Trading
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Distressed Market Opportunities
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Distressed Real Estate under BAPCPA
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Employee Benefits and Executive Compensation under the New
     Code
        Audio Conference Recording
           Contact: 240-629-3300;
              http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Equitable Subordination and Recharacterization
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Fundamentals of Corporate Bankruptcy and Restructuring
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Handling Complex Chapter 11
     Restructuring Issues  
        Audio Conference Recording
           Contact: 240-629-3300;
              http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Healthcare Bankruptcy Reforms
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  High-Yield Opportunities in Distressed Investing
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Homestead Exemptions under BAPCPA
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Hospitals in Crisis: The Insolvency Crisis Plaguing
     Hospitals Across the U.S.
        Audio Conference Recording
           Contact: 240-629-3300;
              http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  IP Rights In Bankruptcy
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  KERPs and Bonuses under BAPCPA
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Partnerships in Bankruptcy: Unwinding The Deal
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Privacy Rights, Protections & Pitfalls in Bankruptcy
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Real Estate Bankruptcy
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Reverse Mergers—the New IPO?
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Second Lien Financings and Intercreditor Agreements
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Surviving the Digital Deluge: Best Practices in E-Discovery
     and Records Management for Bankruptcy Practitioners
        and Litigators
           Audio Conference Recording
              Contact: 240-629-3300;
                 http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Technology as a Competitive Advantage For Today's Legal
Processes
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Twenty-Day Claims  
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  Validating Distressed Security Portfolios: Year-End Price
     Validation and Risk Assessment
        Audio Conference Recording
           Contact: 240-629-3300;
              http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
  When Tenants File -- A Landlord's BAPCPA Survival Guide
     Audio Conference Recording
        Contact: 240-629-3300;
           http://www.beardaudioconferences.com/

The Meetings, Conferences and Seminars column appears in the
Troubled Company Reporter each Wednesday. Submissions via e-mail
to conferences@bankrupt.com are encouraged.

                             *********

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.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

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 Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

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

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                             *********

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., Frederick, Maryland,
USA.  Marie Therese V. Profetana, Shimero R. Jainga, Ronald C. Sy,
Joel Anthony G. Lopez, Cecil R. Villacampa, Jason A. Nieva,
Melanie C. Pador, Ludivino Q. Climaco, Jr., Loyda I. Nartatez,
Tara Marie A. Martin, John Paul C. Canonigo, Sheena R. Jusay, and
Peter A. Chapman, Editors.

Copyright 2007.  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 $775 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 Christopher Beard
at 240/629-3300.

                    *** End of Transmission ***