TCR_Public/090723.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

             Thursday, July 23, 2009, Vol. 13, No. 202

                            Headlines

322 WEST: Interests in 322 West to Be Auctioned on August 6
ABRAHAM PETROLEUM: Case Summary & 17 Largest Unsecured Creditors
ADVANCE AUTO: S&P Changes Outlook to Stable; Affirms 'BB+' Rating
ADVANCED LAMINATING: Case Summary & 20 Largest Unsec. Creditors
ALLIED SECURITY: FINRA Assigns "ADSV" as New Stock Symbol

AMBASSADORS INT'L: Case Summary & 20 Largest Unsec. Creditors
AMERICAN ACHIEVEMENT: Raises Exchange Offer; Moves Deadline
AMERICAN CONSOLIDATED: Case Summary & 20 Largest Unsec. Creditors
ARCHITECTURAL WALL: Case Summary 10 Largest Unsecured Creditors
ASHLAND BOWLING: Files for Chapter 11 to Avert Foreclosure

ASHLAND BOWLING: Case Summary & 13 Largest Unsecured Creditors
AURORA OIL: Gets Initially OK to Access Lenders' Cash Collateral
AURORA OIL: Requests Beachwalk Capital as Advisor
AURORA OIL: Proposes Donlin Recano as Claims & Balloting Agent
AURORA OIL: Wants Huron Consulting as Restructuring Officer

AURORA OIL & GAS: U.S. Trustee Names 4-Member Creditors Panel
BADR CORPORATION: Case Summary & 12 Largest Unsecured Creditors
BALDWIN COUNTY PROPERTIES: Voluntary Chapter 11 Case Summary
BAMBOO ABBOTT: Case Summary & 20 Largest Unsecured Creditors
BASHAS' INC: Excludes Willcox Store From Closures

BAYOU SCAPE LANDSCAPING: Voluntary Chapter 11 Case Summary
BERTHEL SBIC: Iowa Court Establishes Claims Bar Date
BLACK VIPER ENERGY: Case Summary & 20 Largest Unsecured Creditors
BRIAN SHANNON: Voluntary Chapter 11 Case Summary
BROBECK PHLEGER: Judge Montali Rules on Some Avoidance Actions

BULLSEYE INVESTMENT: Case Summary & Largest Unsecured Creditor
CALIFORNIA STATE: Gov., Lawmakers Agree to Cut $15.6BB in Spending
CANWEST MEDIA: Continues Talks with Noteholder Group
CLAUDE HARRIS: Case Summary & 20 Largest Unsecured Creditors
CASTLE HORIZON: Case Summary & 2 Largest Unsecured Creditors

CEDAR FUNDING: Ponzi Scheme Investors' Lien Arguments Fail
CHICAGOLAND-QUAD: Voluntary Chapter 11 Case Summary
CHRISTO BARDIS: Court Sets July 29 Plan Confirmation Hearing
CIT GROUP: Fitch Puts Various Student Loans Under Analysis
CIT GROUP: Urban Outfitters Prepares for Potential Bankruptcy

CITIGROUP INC: To Raise $2.5 Bil. Through Issuance of Notes 2039
CITIGROUP INC: Explains Dividend Blocker, Director Amendments
CITIGROUP INC: Includes Safety First Trusts as Registrants
CLARIENT INC: Files Copies of Gemino Credit Agreement, et al.
CLUB SUSHI: Case Summary & 18 Largest Unsecured Creditors

COINMACH SERVICE: S&P Downgrades Corporate Credit Rating to 'B-'
COMED FINANCING: Fitch Ratings Termination of Exelon-NRG Deal
COMMONWEALTH EDISON: Fitch Ratings Unaffected by NRG Buyout Halt
COMPSEC ELECTRIC: Case Summary & 12 Largest Unsecured Creditors
CRUSADER ENERGY: Can Employ James Latimer and Blackhill as CRO

CRUSADER ENERGY: Deadline to Remove Actions Extended to Sept 26
DANTAM INC: Case Summary & 13 Largest Unsecured Creditors
DAVID BERRY: Case Summary 20 Largest Unsecured Creditors
DAYTON SUPERIOR: Panel Can Hire Morris Nichols as Del. Counsel
DAYTON SUPERIOR: Time to File Removal of Civil Actions Extended

DCNC NORTH: Unable to Reorganize, Case Is Dismissed
DELPHI CORP: PBGC to Assume Underfunded Pension Plan
DENNIS CONNOR: Case Summary & 3 Largest Unsecured Creditors
DEVELOPERS DIVERSIFIED: Working on Bond Sales to Raise $600MM
DOMINO'S PIZZA: June 14 Balance Sheet Upside-Down by $1.37 Billion

DOMINO'S PIZZA: Panel Approves New Form of Stock Option Agreements
DONALD ERNEST BRANDT: Case Summary & 20 Largest Unsec. Creditors
DREIER LLP: Founder's Apartment Sold for $8.2MM at Auction
EDGE SHARFF PROPERTIES: Case Summary & 15 Unsecured Creditors
EDWARD LEE DURHAM: Case Summary & 20 Largest Unsecured Creditors

ENNIS LAND: Case Summary & 20 Largest Unsecured Creditors
EZZATOLLAH FARIDI: Case Summary & 20 Largest Unsecured Creditors
FAIRVIEW APARTMENTS LLC: Voluntary Chapter 11 Case Summary
FIVE STAR LIMOUSINE: Case Summary & 20 Largest Unsec. Creditors
FIVE STAR PROPERTY: Case Summary & 20 Largest Unsec. Creditors

FLINTKOTE COMPANY: Supplemental Disc. Statement Hearing on July 27
FORD MOTOR: Unveils Key Leadership Changes; 2 Execs Retire
GATEWAY CASINOS: S&P Junks Corporate Credit Rating From 'B-'
GENERAL MOTORS: Court OKs Rejection of Stillwater Supply Contract
GILBERTO CORONA: Case Summary & 15 Largest Unsecured Creditors

GLOBAL AVIATION: Moody's Assigns Corporate Family Rating at 'B3'
GREAT AMERICAN RADIO: Case Summary & 18 Largest Unsec. Creditors
HAGE CONSTRUCTION: Case Summary & 12 Largest Unsecured Creditors
HALKIS PIZZA CORP: Case Summary & 3 Largest Unsecured Creditors
HARDWARE HOUSE: Voluntary Chapter 11 Case Summary

HC INNOVATIONS: Amends March Quarterly & December Annual Reports
HC INNOVATIONS: Inks Vendor Services Deal with Touchstone
HEALTH NET: UnitedHealthcare Sale Won't Affect S&P's 'BB-' Rating
HEALTH NET: AM Best Affirms bb- Rating on Sr. Unsecured Notes
HERTZ CORPORATION: Fitch Downgrades Issuer Default Rating to 'BB-'

HHGREGG INC: S&P Retains Negative CreditWatch on 'B+' Corp. Rating
HILLSIDE BALBOA LLC: Voluntary Chapter 11 Case Summary
HINES POINT LLC: Voluntary Chapter 11 Case Summary
HITCHIN POST STEAK: Case Summary 20 Largest Unsecured Creditors
JACK JACKSON: Voluntary Chapter 11 Case Summary

JAMES LARRY BAIN: Case Summary & 11 Largest Unsecured Creditors
JAYAMPATH DHARMASURIYA: Case Summary & 28 Largest Unsec. Creditors
JHJ PLASTICS: Involuntary Chapter 11 Case Summary
J.L. FRENCH: Taps Pachulski Stang as Counsel
J.L. FRENCH: To Slash $240 Million in Debt Under Joint Plan

J.L. FRENCH: Wants $15MM DIP Financing from Prepetition Lenders
JOSEPH MARSANO: Case Summary & 16 Largest Unsecured Creditors
KAINOS PARTNERS: Taps Reed Smith as Co-Counsel
JULIO'S WELDING: Case Summary & 20 Largest Unsecured Creditors
KAINOS PARTNERS: Taps RMG as Financial and Management Advisor

KAINOS PARTNERS: U.S. Trustee Appoints 3-Member Panel
KERUSSO REAL ESTATE: Case Summary & 13 Largest Unsec. Creditors
KIYOSHI NAGAI: Voluntary Chapter 15 Case Summary
LA JOLLA NETWORKS: Case Summary & 15 Largest Unsecured Creditors
LAKE CUMBERLAND MARINE: Case Summary & 20 Largest Unsec. Creditors

LANDAMERICA CREDIT: Case Summary & 20 Largest Unsecured Creditors
LARRY VAN DEN HEUVEL: Case Summary & 20 Largest Unsec. Creditors
LEOSTEIN LLC: Voluntary Chapter 11 Case Summary
LEXINGTON PRECISION: Wants to Borrow $623,854 to Pay Premiums
LIGHTNING PRINTING: Case Summary & 20 Largest Unsecured Creditors

LINCOLN SQUARE GROUP: Case Summary & 20 Largest Unsec. Creditors
LLOYD STUART CURTIS: Case Summary & 5 Largest Unsecured Creditors
LLS AMERICA, LLC: Case Summary & 20 Largest Unsecured Creditors
LOOP 76 LLC: Voluntary Chapter 11 Case Summary
LUNA TECHNOLOGIES: Case Summary & 35 Largest Unsecured Creditors

LYONDELL CHEMICAL: Court Lets Creditors Proceed With Fraud Lawsuit
M & M EQUITIES: Case Summary & 20 Largest Unsecured Creditors
MARCO FERNANDEZ: Voluntary Chapter 11 Case Summary
MARIO PALAZZO: Voluntary Chapter 11 Case Summary
MARSHALL SMITH: Case Summary 20 Largest Unsecured Creditors

MEDICAL CONNECTIONS: Won't Replace Jansen as Vice President
MEMORIAL HOSPICE: Case Summary 20 Largest Unsecured Creditors
MONEYGRAM INT'L: Johnson Resigns as EVP, Gen. Counsel & Secretary
MONTGOMERY REALTY: Section 341(a) Meeting Set for August 11
MONTGOMERY REALTY: Wants Court's Nod to Use Cash Collateral

MONTGOMERY REALTY: Wants to Access Cash Securing GMAC CMBS Loan
MONTGOMERY REALTY: Wants to Hire St. James and McNutt as Counsel
MOORE-HANDLEY: Case Summary & 20 Largest Unsecured Creditors
NEWPARK RESOURCES: S&P Downgrades Corporate Credit Rating to 'B-'
NEXCEN BRANDS: To File Restated 2007 Annual Report by July 31

NEXSTAR BROADCASTING: Appoints Carter as Chief Financial Officer
NOVA CHEMICALS: Cancels Registration of Common Shares
NRG ENERGY: Fitch Retains Evolving Watch on 'B' Issuer Rating
NV BROADCASTING: Selects BMC Group as Claims and Balloting Agent
OCCULOGIX INC: Raises $1.55MM by Selling 12% Convertible Notes

OCCULOGIX INC: Slashes Executive Officers' Annual Base Salaries
OCCULOGIX INC: To Raise $30,000,000 by Issuing Securities
ONCOLOGY CORPORATION: Case Summary 9 Largest Unsecured Creditors
OPUS SOUTH: Can Obtain Advances to Pay Laguna at Riviera Bills
OPUS SOUTH: Can Obtain Protective Advances to Pay La Serena Bills

ORLANDA CUNNINGHAM: Case Summary & 20 Largest Unsecured Creditors
OSCIENT PHARMACEUTICALS: U.S. Trustee Names 3-Member Panel
PINELLAS COUNTY: Fitch Upgrades Ratings on Bonds From 'BB-/B'
PACIFIC ENERGY: Auctions Beta Asset on July 31; Bids Due July 24
PACIFIC ENERGY: Wants SPBPC Case Dismissed After Beta Assets Sale

PLASTIPAK HOLDINGS: Moody's Assigns 'B3' Rating on $150 Mil. Notes
PROVIDENCE SERVICE: Moody's Confirms 'B2' Corp. Family Rating
QUALITY HOME: High Financial Leverage Cues Moody's to Junk Rating
REGENCY PARTNERS: Case Summary & 6 Largest Unsecured Creditors
RENO QUALITY HOMES: Case Summary & 20 Largest Unsecured Creditors

RITZ CAMERA: CEO Outbids Three Liquidators for Firm
ROC PREF: S&P Downgrades Ratings on Preferred Shares to 'BB-'
RONALD SCHENA: Case Summary & 13 Largest Unsecured Creditors
SBA TELECOMMUNICATIONS: S&P Cuts Rating on $750 Mil. Notes to BB-
SANITARY AND IMPROVEMENT: Files for Chapter 9 in Nebraska

SCARLETT INVESTMENTS: Voluntary Chapter 11 Case Summary
SOUND HEALTH SOLUTIONS: Voluntary Chapter 11 Case Summary
SOURCE INTERLINK: S&P Withdraws 'D' Corporate Credit Rating
SOUTHEAST WAFFLES: Files Competing Plan Of Reorganization
STAR TRIBUNE: US Trustee Balks at Legal Defenses for Shareholder

STEPHEN BALDWIN: Files for Chapter 11 Bankruptcy Protection
STEPHEN BALDWIN: Voluntary Chapter 11 Case Summary
STILLWATER MINING: GM Gets OK to Walk Away From Supply Contract
SWM MANAGEMENT: Case Summary & 2 Largest Unsecured Creditors
SYNTAX-BRILLIAN: Plaintiffs in Fraud Suit Certified as Class

THOMAS SAHROW: Case Summary & 20 Largest Unsecured Creditors
TRANSALTA CORPORATION: Moody's Reviews Ba1 Preferred Shelf Rating
VERANDA PARK COMMERCIAL: Case Summary 5 Largest Unsec. Creditors
VINEYARD NATIONAL: Case Summary & 20 Largest Unsecured Creditors
WABASH NATIONAL: Inks Third Amendment to BofA Loan Agreement

WALK ABOUT CREEK: Case Summary & 20 Largest Unsecured Creditors
WALLACE & SONS INC: Case Summary & 20 Largest Unsecured Creditors
WESTSIDE DEVELOPMENT: Case Summary & 11 Largest Unsec. Creditors
WILLIAM HEGGER: Case Summary & 8 Largest Unsecured Creditors
WJL EQUITIES: U.S. Trustee Sets Meeting of Creditors for August 12

WJL EQUITIES: Wants Schedules Filing Extended until August 22
WISSOTA VIEW INC: Case Summary & 20 Largest Unsecured Creditors
WOORI BANK: S&P Reports 'CCC+srp' Rating on Credit Default Swap
ZIM CORP: Posts $153,513 Net Income for March 2009 Fiscal Year

* Chapter 11 Cases With Assets and Liabilities Below $1,000,000

                            *********

322 WEST: Interests in 322 West to Be Auctioned on August 6
-----------------------------------------------------------
One hundred percent of the membership interests in 322 West 57th
Owner LLC will be offered at a public auction and sold to the
highest qualified bidder on August 6, 2009, at 10:00 a.m. at the
law offices of Allen & Overy LLP, 1221 Avenue of the Americas. New
York, NY 10020.

The sale is to enforce the rights of the secured party under that
certain first mezzanine loan agreement dated as of July 7, 2006,
as amended, executed by 322 West 57th I LLC.  The secured party
reserves the right to reject all bids and terminate or adjourn the
sale to another time, without further notice.

The principal asset of the Company is a building commonly known as
"Sheffield 57" located at 316-328 West 57th Street, New York NY
10019.

Interested parties may visit the Web site
http://eastdilsecured.com/notices/Sheffield-TOPS1.pdf

or contact:

      Adam Spies or Christian Dalzell
      Eastdil Secured, L.L.C.
      (212) 315-7200


ABRAHAM PETROLEUM: Case Summary & 17 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Abraham Petroleum Corporation
        335 Tiburon
        Paseo Las Olas
        Dorado, PR 00646

Bankruptcy Case No.: 09-05928

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Judge: Bankruptcy Judge Enrique S. Lamoutte Inclan

Debtor's Counsel: Charles Alfred Cuprill, Esq.
            Charles A Cuprill, PSC Law Office
            356 Calle Fortaleza, Second Floor
            San Juan, PR 00901
            Tel: (787) 977-0515
            Email: cacuprill@aol.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A full-text copy of the Debtor's petition, including a list of its
17 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/prb09-05928.pdf

The petition was signed by Sami Abraham.


ADVANCE AUTO: S&P Changes Outlook to Stable; Affirms 'BB+' Rating
-----------------------------------------------------------------
Standard & Poor's Ratings Services said that it has revised its
outlook on Advance Auto Parts Inc. and its primary operating
subsidiary, Advance Stores Co. Inc., to stable from negative, and
affirmed the 'BB+' corporate credit rating.

"The action reflects improved near to medium term fundamentals for
the retail auto parts industry and Advance's more conservative
financial policy, including the company's maximum 2.5x rent-
adjusted leverage ratio, and S&P's belief that supplier risk has
declined since the end of 2008," said Standard & Poor's credit
analyst Jerry Phelan.  The rating on Roanoke, Va.-based Advance
Auto Parts Inc. and its primary operating subsidiary, Advance
Stores Co. Inc., reflects recent positive industry dynamics, the
company's predictable cash flow generating ability in a
historically stable but low growth industry, successful expansion
of its do-it-for-me business, and more conservative financial
profile.  Concerns include the company's participation in the
highly competitive retail automotive parts industry, high level of
selling, general, & administrative (SG&A) expenses, historically
declining comparable sales performance in the do-it-yourself
segment prior to the current economic downturn, and historically
aggressive new store expansion.

Advance Auto, with over 3,400 stores, is the second-largest
company in the highly competitive retail automotive parts
industry, compared with market leader AutoZone Inc. (BBB/Stable/A-
2).  In addition to over 36,000 retail auto part stores industry-
wide, including stores operated by the company, AutoZone, O'Reilly
Automotive Inc. (unrated), and The Pep Boys--Manny, Moe and Jack
Inc. (B-/Negative/--), the company faces intense competition from
large discounters, gas stations, auto dealerships, repair shops,
drug stores, and grocery stores. Overall, the company's sales
growth over the past few years has exceeded that of its largest
direct competitors, mainly as a result of new store openings and
its emphasis on the higher-growth DIFM business.  It is larger and
more fragmented than the DIY segment, but carries lower margins.

This partly was offset by low-single-digit comparable sales
declines at the company's DIY segment, which accounts for about
70% of sales.


ADVANCED LAMINATING: Case Summary & 20 Largest Unsec. Creditors
---------------------------------------------------------------
Debtor: Advanced Laminating Inc.
        171 Tosca Drive
        Stoughton, MA 02072

Bankruptcy Case No.: 09-16778

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       District of Massachusetts (Boston)

Judge: Joan N. Feeney

Debtor's Counsel: David B. Madoff, Esq.
            Madoff & Khoury LLP
            124 Washington Street - Suite 202
            Foxboro, MA 02035
            Tel: (508) 543-0040
            Fax: (508) 543-0020
            Email: madoff@mandkllp.com

Total Assets: $459,298

Total Debts: $1,236,030

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/mab09-16778.pdf

The petition was signed by William W. Turner Jr., president of the
Company.


ALLIED SECURITY: FINRA Assigns "ADSV" as New Stock Symbol
---------------------------------------------------------
Allied Security Innovations, Inc., was notified by the FINRA, the
body governing the OTC Bulletin Board, that its request for a 1
for 1,000 reverse split of its issued and outstanding common stock
had been processed and that the FINRA had assigned ADSV to be the
new trading symbol for the Company's common stock.  The assignment
was effective as of the open of business on July 13, 2009.

"We believe that this new development is in the best interest of
the Company.  With the reverse, our price per share could rise
significantly which may make the shares more attractive to
prospective investors, and enable us to gain more traction in the
public market." said Anthony R. Shupin, CEO and President.  "We
believe that our CGM-AST products are the best tamper-evident
security products in the industry and that we have focused the
Company on a market that continues to show demand.  We have put
personnel in place that will enable us to achieve those goals,
even in this tough economy".

                        Going Concern Doubt

In its Form 10-Q report for the quarterly period ended March 31,
2009, the Company said it has sustained recurring losses and has
accumulated a significant deficit as of March 31, 2009.  These
factors raise substantial doubt about its ability to continue as a
going concern.

Management has formulated and is in the process of implementing
its business plan intended to develop steady revenues and income,
as well as reducing expenses in the areas of operations.  The plan
includes these management objectives:

     -- Soliciting new customers in the U.S.
     -- Expanding sales in the international market
     -- Expanding sales through E-commerce
     -- Adding new distributor both in the U.S and internationally
     -- The introduction of new products into the market
     -- Seeking out possible merger candidates

At March 31, 2009, the Company had $3,449,834 in total assets and
$36,941,728 in total liabilities, resulting in $33,491,894 in
stockholders' deficit.

                 About Allied Security Innovations

Based in Farmingdale, New Jersey, Allied Security Innovations,
Inc. -- http://www.cgm-ast.com/-- provides homeland security
products and proprietary criminal justice software to over 3,000
clients worldwide.  It is composed of the original DDSI Company, a
public company since 1995, and its wholly owned subsidiary, CGM-
Applied Security Technologies, Inc., (established in 1978).   With
manufacturing in Staten Island, ASI is a manufacturer and
distributor of Homeland Security products, including indicative
and barrier security seals, security tapes and related packaging
security systems, protective security products for palletized
cargo, physical security systems for tractors, trailers and
containers, as well as a number of highly specialized
authentication products.  Allied Security Innovations stock trades
on the OTC Bulletin Board under the symbol "ADSV".


AMBASSADORS INT'L: Case Summary & 20 Largest Unsec. Creditors
-------------------------------------------------------------
Debtor: Ambassadors International Ministries
           dba Embassy Church
           dba Ambassadors Christian Center
           dba Torrance Jacko Ministries
           dba Embassy Church International
        P.O. Box 503680
        San Diego, CA 92150

Bankruptcy Case No.: 09-10335

Chapter 11 Petition Date: July 19, 2009

Court: United States Bankruptcy Court
       Southern District of California (San Diego)

Judge: Chief Judge Peter W. Bowie

Debtor's Counsel: Steven R. Houbeck, Esq.
            PO Box 150
            Cardiff, CA 92007
            Tel: (619) 463-4357
            Email: Cicero68@AOL.com

Total Assets: $4,011,000

Total Debts: $4,205,034

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/casb09-10335.pdf

The petition was signed by Torrance A. Jacko.


AMERICAN ACHIEVEMENT: Raises Exchange Offer; Moves Deadline
-----------------------------------------------------------
American Achievement Group Holding Corp. is amending its cash
tender offer with respect to its outstanding 12.75% Senior PIK
Notes due 2012 (CUSIP No. 02369BAB2, 02369BAA4, 02369BAE6,
02369BAD8).  It has distributed a supplement to its offer to
purchase, dated June 4, 2009.

As of 11:59 p.m., New York City time, July 17, 2009, $37,335,720
aggregate principal amount of the Notes, representing roughly 34%
of the outstanding Notes, had been validly tendered and not
withdrawn.  The amended terms of the Offer apply to the Previously
Tendered Notes as well as any Notes that are tendered on or after
the date hereof and prior to the new offer expiration date.

The Company is amending the Offer as:

     -- The Offer has been extended to 11:59 p.m., New York City
        time, on July 31, 2009, and will expire at such time
        unless further extended or earlier terminated by the
        Company in its sole discretion;

     -- The Company will purchase up to $85,000,000 aggregate
        principal amount of the Notes, representing roughly 77% of
        the outstanding Notes.  The Company may increase or waive
        the Tender Cap at its sole discretion.  If the aggregate
        principal amount of Notes validly tendered pursuant to the
        Offer exceeds the Tender Cap, then, if the Company accepts
        Notes for purchase, it will purchase any Previously
        Tendered Notes in full and will purchase any Subsequently
        Tendered Notes on a pro rata basis among such tendering
        holders of such Subsequently Tendered Notes up to the
        remaining Tender Offer Cap, based on the aggregate
        principal amount of Subsequently Tendered Notes tendered
        by each such holder;

     -- Subject to the terms and conditions of the Offer,
        including the Minimum Tender Condition, each holder of
        Notes who validly tenders, and does not withdraw, their
        Notes, including Previously Tendered Notes, will be
        eligible to receive $350.00 per $1,000.00 per principal
        amount of the Notes on or prior to the Offer Expiration
        Date.  No additional amounts will be payable with respect
        to any accrued or unpaid interest on the Notes since
        April 1, 2009;

     -- The Company's obligation to accept for purchase any
        Subsequently Tendered Notes and pay the New Total
        Consideration for any Notes validly tendered pursuant to
        the Offer is subject to the condition that holders of at
        least $70,000,000 aggregate principal amount of the Notes,
        representing roughly 64% of the outstanding Notes,
        including any Previously Tendered Notes, validly tender,
        and do not subsequently withdraw, their Notes prior to the
        Offer Expiration Date.  The Company may waive the Minimum
        Tender Condition at its sole discretion.  If the Minimum
        Tender Condition is not satisfied or waived, any
        Subsequently Tendered Notes will not be accepted for
        purchase in the Offer.  In such event, subject to the
        other terms and conditions of the Offer, the Company will
        accept for purchase only the Previously Tendered Notes,
        but such holders will be eligible to receive only the
        original Total Consideration of $230.11 per $1,000.00 per
        principal amount of any Previously Tendered Notes.  The
        New Total Consideration will not be payable with respect
        to any Notes if the Minimum Tender Condition is not
        satisfied or waived;

     -- Holders of Subsequently Tendered Notes may withdraw their
        Subsequently Tendered Notes in accordance with the
        withdrawal provisions set forth in the Offer to Purchase
        at any time prior to 11:59 p.m. New York City time, on
        July 31, 2009, unless extended.  Holders of Previously
        Tendered Notes may not withdraw their Previously Tendered
        Notes;

     -- The Early Tender Premium has been eliminated.  Each holder
        who validly tenders their Notes on or prior to the Offer
        Expiration Date will be eligible to receive either the New
        Total Consideration or the original Total Consideration;

All other material terms of the Offer remain unchanged.  The Offer
is being made solely pursuant to the Offer to Purchase, as amended
by the Supplement.

Goldman, Sachs & Co. is acting as the dealer manager for the
Offer.  The depositary and information agent for the Offer is
Global Bondholder Services Corporation.  Questions regarding the
Offer may be directed to Goldman, Sachs & Co., at (800) 828-3182
(toll free) or (212) 357-4692 (collect).  Requests for copies of
the Offer to Purchase and related documents may be directed to
Global Bondholder Services Corporation at (866) 873-6300 (toll
free) or (212) 430-3774 (banks and brokerage firms).

                    About American Achievement

AAC Group Holding Corp., together with American Achievement
Corporation, manufactures and supplies class rings, yearbooks and
other graduation-related scholastic products for the high school,
college, junior high school and elementary school markets and of
recognition products, such as letter jackets, and affinity jewelry
designed to commemorate significant events, achievements and
affiliations.  The Company markets its products and services
primarily in the United States and operates in four reporting
segments: class rings, yearbooks, graduation products and other.
The Company's corporate office is located in Austin, Texas and its
manufacturing facilities are located in Austin, Dallas, El Paso
and Waco, Texas; Louisville, Kentucky; Manhattan, Kansas; and
Juarez, Mexico.

                           *     *     *

As reported by the Troubled Company Reporter on June 5, 2009,
Moody's Investors Service upgraded American Achievement Group
Holding Corp.'s corporate family rating to Caa1 from Caa2 and its
probability of default rating to Caa2 from Caa3.  The upgrade is
due largely to debt reduction and improved liquidity as a result
of the Company's amended Credit Agreement extends the company's
revolving credit facility until March 2011 and more flexibility
under its financial covenants.  In addition, Moody's upgraded the
AAC Group Holdings senior discount notes to Caa2 from Caa3 and
American Achievement Corporation's senior subordinated notes to B2
from B3 also based on the Loss Given Default methodology and
changes to the capital structure following the repayment of
$28 million of the company's term loan.  The rating outlook is
stable.

The TCR on June 9, 2009., said Standard & Poor's Ratings Services
lowered its corporate credit rating on American Achievement to
'CC', with a negative outlook, from 'CCC+'.  At the same time, S&P
lowered the issue-level rating on ultimate parent company American
Achievement Group Holding Corp.'s 12.75% senior PIK notes to 'C'
from 'CCC-'.  S&P placed the 'B' issue-level rating for AAC's
senior secured credit facilities, the 'CCC+' issue-level rating
for the company's 8.25% senior subordinated notes, and the 'CCC-'
rating for intermediate holding company AAC Group Holding Corp.'s
10.25% senior discount notes on CreditWatch with positive
implications.  S&P's rating actions follow the company's
announcement of the cash tender offer.  S&P expects to raise these
ratings if the tender offer is successful.


AMERICAN CONSOLIDATED: Case Summary & 20 Largest Unsec. Creditors
-----------------------------------------------------------------
Debtor: American Consolidated Transportation Companies, Inc.
        2513 East Higgins Road
        Elk Grove Village, IL 60007

Bankruptcy Case No.: 09-26062

Debtor-affiliates filing separate Chapter 11 petitions:

        Entity                                     Case No.
        ------                                     --------
Davidsmeyer Bus Service, Inc.                      09-26067
Mid-America Charter Lines, Inc.                    09-26069
Central States Coach Parts, Inc.                   09-26072
Mid-America Tours, Inc.                            09-26073
Central States Coach Repairs, Inc.                 09-26074
Mid-America Travel, Inc.                           09-26075
Colorado Charter Lines, Inc.                       09-26078
Central West Motor Stages, Inc.                    09-26079
D&B Rental, LLC                                    09-26083

Chapter 11 Petition Date: July 18, 2009

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Jack B. Schmetterer

Debtor's Counsel: Joel A. Schechter, Esq.
                  Law Offices of Joel Schechter
                  53 W Jackson Blvd, Suite 1025
                  Chicago, IL 60604
                  Tel: (312) 332-0267
                  Fax: (312) 939-4714
                  Email: joelschechter@covad.net

Estimated Assets: $0 to $50,000

Estimated Debts: $1,000,001 to $10,000,000

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

      http://bankrupt.com/misc/ilnb09-26062.pdf

The petition was signed by Karen A. Bingham, president of the
Company.


ARCHITECTURAL WALL: Case Summary 10 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Architectural Wall Products, LLC
        209 Industrial Boulevard
        Tullahoma, TN 37388

Bankruptcy Case No.: 09-14506

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       Eastern District of Tennessee (Winchester)

Judge: R. Thomas Stinnett

Debtor's Counsel: Robert S. Peters, Esq.
                  Swafford, Peters, Priest & Hall
                  120 North Jefferson Street
                  Winchester, TN 37398
                  Tel: (931)967-3888
                  Fax: (931) 967-2172
                  Email: rspeters@spphlaw.com

Total Assets: $1,945,486

Total Debts: $2,576,982

A list of the Company's 10 largest unsecured creditors is
available for free at:

          http://bankrupt.com/misc/tneb09-14506.pdf

The petition was signed by Ronald L. Blazier, president of the
Company.


ASHLAND BOWLING: Files for Chapter 11 to Avert Foreclosure
----------------------------------------------------------
Ashland Bowling Center has filed for Chapter 11 bankruptcy
protection in the U.S. Bankruptcy Court for the Northern District
of Ohio.

Linda Martz at Mansfield News Journal reports that Ashland Bowling
owners Michael and Donna Szerwinski said that the recession and
increased unemployment have further eroded income.  Citing the
Szerwinskis, News Journal states that Ashland Bowling owners
Michael and Donna Szerwinski were facing a $1.26 million judgment
against them and their businesses this spring.  According to the
report, Business Loan Center LLC foreclosed against:

     -- Ashland Bowling Center Inc.;
     -- the Szerwinskis;
     -- Dantem Inc. of Onteonta, N.Y.; and
     -- Razem Inc. of Johnstown, N.Y.

The Szerwinskis each own 50% shares in Ashland Bowling Center and
Dantam.

The Szerwinskis said last week that they were working on a plan to
keep Park Lanes open, News Journal relates.

News Journal says that because of the bankruptcy filing, Park
Lanes is no longer headed to sheriff's sale, and it will continue
to operate this fall.

The case is expected to take at least three to six months, as long
as operating funds are available, News Journal states, citing Marc
Merklin, the Szerwinskis' lawyer.  Mr. Merklin said that his
clients will either get the Business Loan Center loan restructured
or sell the business, News Journal relates.

Court documents say that the businesses were slightly profitable
in 2007 and 2008.  Gross income for Ashland Bowling Center was
listed as $1.1 million in 2007, $923,042 in 2008 and $633,875 this
year.  Park Lanes, according to court documents, suffered a 25%
decline in revenues in 2007 related to league bowling.  The
Szerwinskis claimed that the business suffered under Ohio's
smoking ban, which took effect in May 2007.  "The recent
announcement of a GM plant closure in Mansfield ... may further
affect its operations," News Journal quoted Mr. Merklin as saying.

According to News Journal, the Szerwinskis are seeking the Court's
permission to:

   -- keep Park Lanes open,
   -- continue to pay employees,
   -- release funds for benefits costs that have gone unpaid, and
   -- to stave off utility shutdowns.

Court documents say that Park Lanes have an average payroll of
$3,450 per week, and that the Szerwinskis' combined weekly pay is
about $400.

According to News Journal, the Szerwinskis claimed themselves as
creditors, saying that they're owed some $197,000 related to the
Park Lanes filing and $81,589 in the Dantam bankruptcy.  The
report says that the creditors include:

     -- Ciena Capital, owed about $1,303,025; and
     -- several parties with shares from a $225,000 note by the
        Szerwinskis to buy the bowling alley, including estate of:

        * Dorothy Lewis, Davis Road, Mansfield, $168,750;
        * Dennis O'Neill of Davis Road, Mansfield, $28125; and
        * Bill Lewis of Davis Road, Mansfield, $28,125.

Ashland Bowling Center is operating as Park Lanes, 1410 Park
Avenue West, and Dantem Inc., 945 Trout Drive in Mansfield.


ASHLAND BOWLING: Case Summary & 13 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: The Ashland Bowling Center, Inc.
               dba Park Lanes
        1410 Park Avenue West
        Mansfield, OH 44906

Bankruptcy Case No.: 09-62906

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Northern District of Ohio (Canton)

Judge: Russ Kendig

Debtor's Counsel: Marc Merklin, Esq.
            Brouse McDowell, LPA
            388 S. Main Street, Suite 500
            Akron, OH 44311
            Tel: (330) 535-5711
            Fax: (330) 253-8601
            Email: mmerklin@brouse.com

Total Assets: $931,586

Total Debts: $1,792,466

A full-text copy of the Debtor's petition, including a list of its
13 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/ohnb09-62906.pdf

The petition was signed by Michael Szerwinski, president of the
Company.


AURORA OIL: Gets Initially OK to Access Lenders' Cash Collateral
----------------------------------------------------------------
The Hon. Scott W. Dales of the U.S. Bankruptcy Court for the
Western District of Michigan authorized, on an interim basis,
Aurora Oil & Gas Corporation and its debtor-affiliates to:

   -- use cash securing repayment of loan with the syndicate of
      prepetition senior secured lenders; and

   -- provide adequate protection to the lenders.

The final hearing on the continued use of cash collateral is
scheduled for August 5, 2009, at 1:30 p.m. before the Court.

As of Aurora Oil's petition date, the Debtors owe BNP Paribas;
Comerica Bank; KeyBank National Association; and CIT Capital USA
Inc. $70 million, plus accrued and unpaid interest and other
asserted charges, pursuant to the First Lien Loan Agreement.
Obligations are secured by senior, first-priority liens upon
certain of the Debtors' assets.

The Debtors owe D.E. Shaw Laminar Portfolios, L.L.C.; BNP Paribas;
CIT Capital USA, Inc.; and Energy Components SPC UP-and Midstream
Segregated Portfolio $50 million plus accrued and unpaid interest
pursuant to the Second Lien Loan Agreement.  Obligations are
secured by second-priority liens upon the collateral and are also
guaranteed by the Debtor Hudson Pipeline & Processing, Co., LLC.

As of the petition date, the balance on the September 19, 2005,
promissory note with Northwestern Bank is $2.6 million.  The note
is secured by a mortgage on Aurora's corporate headquarters in
Traverse City.

                     About Aurora Oil & Gas

Based in Traverse City, Michigan, Aurora Oil & Gas Corporation
(Pink Sheets: AOGS) is an independent energy company focused on
unconventional natural gas exploration, acquisition, development
and production, with its primary operations in the Antrim Shale of
Michigan, the New Albany Shale of Indiana and Kentucky.

The Company and one affiliate filed for Chapter 11 protection on
July 12, 2009 (Bankr. W.D. Mich. Case Nos. 09-08254 and 09-08255).
Judge Scott W. Dales presides over the case.  Stephen B. Grow,
Esq., at Warner Norcross & Judd, LLP, in Grand Rapids, Michigan;
and Joel H. Levitin, Esq., and Richard A. Stieglitz Jr., at Cahill
Gordon & Reindel LLP in New York, serve as the Debtors' counsel.
Aurora listed assets and debts both ranging from $100,000,001 to
$500,000,000.


AURORA OIL: Requests Beachwalk Capital as Advisor
-------------------------------------------------
Aurora Oil & Gas Corporation and Hudson Pipeline & Processing Co.
LLC ask the U.S. Bankruptcy Court for the Western District of
Michigan for authority to employ Beachwalk Capital LLC as advisor
in connection with their restructuring efforts.

The firm will, among other things:

   a) undertake, in consultation with members of management of the
      Debtors and its other advisors, a review of a comprehensive
      business and financial analysis of the Debtors;

   b) review and analyze the business plans and financial
      projections prepared by the Debtors;

   c) evaluate the Debtors' debt capacity and assist in the
      determination of an appropriate capital structure for the
      Debtors; and

   d) advise the Debtors on the general state of the
      restructuring market.

The Debtors will pay the firm $1,800 per day for this engagement.

The Debtors assure the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

                      About Aurora Oil & Gas

Based in Traverse City, Michigan, Aurora Oil & Gas Corporation
(Pink Sheets: AOGS) is an independent energy company focused on
unconventional natural gas exploration, acquisition, development
and production, with its primary operations in the Antrim Shale of
Michigan, the New Albany Shale of Indiana and Kentucky.

The Company and an affiliate filed for Chapter 11 protection on
July 12, 2009 (Bankr. W.D. Mich. Case Nos. 09-08254 and 09-08255).
Judge Scott W. Dales presides over the case.  Stephen B. Grow,
Esq., at Warner Norcross & Judd, LLP, in Grand Rapids, Michigan;
and Joel H. Levitin, Esq., and Richard A. Stieglitz Jr., at Cahill
Gordon & Reindel LLP in New York, serve as the Debtors' counsel.
Aurora listed assets and debts both ranging from $100,000,001 to
$500,000,000.


AURORA OIL: Proposes Donlin Recano as Claims & Balloting Agent
--------------------------------------------------------------
Aurora Oil & Gas Corporation and Hudson Pipeline & Processing Co.
LLC ask the U.S. Bankruptcy Court for the Western District of
Michigan for authority to employ Donlin Recano & Company Inc. as
their claims, notice, and balloting agent.

The firm will (a) distribute notices; (b) process proofs of claim
that may be filed in the Chapter 11 cases; and (c) assist in the
balloting process for any Chapter 11 plan.

The Debtors assure the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

                      About Aurora Oil & Gas

Based in Traverse City, Michigan, Aurora Oil & Gas Corporation
(Pink Sheets: AOGS) is an independent energy company focused on
unconventional natural gas exploration, acquisition, development
and production, with its primary operations in the Antrim Shale of
Michigan, the New Albany Shale of Indiana and Kentucky.

The Company and an affiliate filed for Chapter 11 protection on
July 12, 2009 (Bankr. W.D. Mich. Case Nos. 09-08254 and 09-08255).
Judge Scott W. Dales presides over the case.  Stephen B. Grow,
Esq., at Warner Norcross & Judd, LLP, in Grand Rapids, Michigan;
and Joel H. Levitin, Esq., and Richard A. Stieglitz Jr., at Cahill
Gordon & Reindel LLP in New York, serve as the Debtors' counsel.
Aurora listed assets and debts both ranging from $100,000,001 to
$500,000,000.


AURORA OIL: Wants Huron Consulting as Restructuring Officer
-----------------------------------------------------------
Aurora Oil & Gas Corporation and Hudson Pipeline & Processing Co.
LLC ask the U.S. Bankruptcy Court for the Western District of
Michigan for authority to employ Huron Consulting Services LLC as
restructuring officer.

The firm will:

   a) review and implement a cash management system;

   b) supervise vendor payment control and oversight of vendor
      negotiations;

   c) design and develop 13-week rolling and annual cash
      budgets;

   d) review and analyze of cash and budget variances and
      supervision of forecast revisions;

   e) provide liquidity planning and contingency analysis;

   f) review and analyze operational activities, revenue
      enhancements, and expense controls;

   g) evaluate business operations, products, services, and
      customers;

   i) work with the management team and review the Debtors'
      strategy, identify alternatives, and options and suggest
      changes to improve revenue, operational, and financial
      performance and cash flow;

   j) assist in the feasibility analysis in connection with the
      Debtors' restructuring efforts; and

   k) assist in restructuring process as requested.

The hourly rates for the firm's professionals range from $300 to
$525 per hour.

The Debtors assure the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

                      About Aurora Oil & Gas

Based in Traverse City, Michigan, Aurora Oil & Gas Corporation
(Pink Sheets: AOGS) is an independent energy company focused on
unconventional natural gas exploration, acquisition, development
and production, with its primary operations in the Antrim Shale of
Michigan, the New Albany Shale of Indiana and Kentucky.

The Company and an affiliate filed for Chapter 11 protection on
July 12, 2009 (Bankr. W.D. Mich. Case Nos. 09-08254 and 09-08255).
Judge Scott W. Dales presides over the case.  Stephen B. Grow,
Esq., at Warner Norcross & Judd, LLP, in Grand Rapids, Michigan;
and Joel H. Levitin, Esq., and Richard A. Stieglitz Jr., at Cahill
Gordon & Reindel LLP in New York, serve as the Debtors' counsel.
Aurora listed assets and debts both ranging from $100,000,001 to
$500,000,000.


AURORA OIL & GAS: U.S. Trustee Names 4-Member Creditors Panel
-------------------------------------------------------------
The United States Trustee for the Western District of Michigan has
appointed four members to the Official Committee of Unsecured
Creditors in the bankruptcy cases of Aurora Oil & Gas Corporation
and Hudson Pipeline & Processing Co., LLC.

The Committee members are:

     -- PMR Services, Inc.
     -- Jet Subsurface Rod Pumps Corporation
     -- O.I.L Energy Corp.
     -- Copper Ridge Professional Condo Association Five (CRPC5)

OIL Energy and Jet Subsurface are among the Debtors' 21 largest
unsecured creditors.  According to the list of largest unsecured
creditors filed by the Debtors, OIL Energy is owed $60,444 in
trade debt and Jet Subsurface is owed $13,291 in trade debt.

                      About Aurora Oil & Gas

Based in Traverse City, Michigan, Aurora Oil & Gas Corporation
(Pink Sheets: AOGS) is an independent energy company focused on
unconventional natural gas exploration, acquisition, development
and production, with its primary operations in the Antrim Shale of
Michigan, the New Albany Shale of Indiana and Kentucky.

The Company and one affiliate filed for Chapter 11 protection on
July 12, 2009 (Bankr. W.D. Mich. Case Nos. 09-08254 and 09-08255).
Judge Scott W. Dales presides over the case.  Stephen B. Grow,
Esq., at Warner Norcross & Judd, LLP, in Grand Rapids, Michigan;
and Joel H. Levitin, Esq., and Richard A. Stieglitz Jr., at Cahill
Gordon & Reindel LLP in New York, serve as the Debtors' counsel.
Aurora listed assets and debts both ranging from $100,000,001 to
$500,000,000.


BADR CORPORATION: Case Summary & 12 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: BADR Corporation
           dba Super Amigos Grocery
        7002 Military Parkway
        Dallas, TX 75227

Bankruptcy Case No.: 09-34652

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Judge: Harlin DeWayne Hale

Debtor's Counsel: Joyce W. Lindauer, Esq.
            8140 Walnut Hill Lane, Suite 301
            Dallas, TX 75231
            Tel: (972) 503-4033
            Fax: (972) 503-4034
            Email: courts@joycelindauer.com

Total Assets: $1,600,500

Total Debts: $1,940,816

A full-text copy of the Debtor's petition, including a list of its
12 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/txnb09-34652.pdf

The petition was signed by Budri Amruddin, president of the
Company.


BALDWIN COUNTY PROPERTIES: Voluntary Chapter 11 Case Summary
------------------------------------------------------------
Debtor: Baldwin County Properties, LLC
        9657 Stagecoach Comm. Park Cr.
        Spanish Fort, AL 36527

Bankruptcy Case No.: 09-13268

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Southern District of Alabama (Mobile)

Debtor's Counsel: Irvin Grodsky, Esq.
                  P.O. BOX 3123
                  Mobile, AL 36652-3123
                  Tel: (251) 433-3657
                  Email: igpc@irvingrodskypc.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtor did not file a list of its 20 largest unsecured
creditors when it filed its petition.

The petition was signed by Danny R. Beebe, managing member of the
Company.


BAMBOO ABBOTT: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Bamboo Abbott, Inc.
           dba Prestige Window Fashions
        195 Raritan Center Parkway
        Edison, NJ 08837

Case No.: 09-28689

Chapter 11 Petition Date: July 19, 2009

Court: United States Bankruptcy Court
       District of New Jersey (Trenton)

Judge: Michael B. Kaplan

Debtor's Counsel: Michael D. Sirota, Esq.
                  Cole, Schotz, Meisel, Forman & Leonard
                  25 Main St.
                  Hackensack, NJ 07601
                  Tel: (201) 489-3000
                  Email: msirota@coleschotz.com

Estimated Assets: $10,000,001 to $50,000,000

Estimated Debts: $10,000,001 to $50,000,000

The petition was signed by Joel S. Botwick, the Company's
president.

Debtor's List of 20 Largest Unsecured Creditors:

  Entity                       Nature of Claim        Claim Amount
  ------                       ---------------        ------------
All-Ways Forwarding Int'l                             $189,529

Alumafold Pacific, Inc.                               $240,440

Astra Products, Ltd                                   $120,377

C & M Wood Industries                                 $335,649
17229 Lemon Street
Suite D
Hesperia, CA 92345

Elegant Windows                                       $1,029,446
3709 E Randol Mill Rd.
Ste 200
Arlington, TX 76011

Evashin Wood Products Co.                             $227,674

Faber Industries, Ltd.                                $198,634

Hr Industries, Inc.                                   $97,759

Mooney-General Paper Co                               $310,916
1451 Chestnut Avenue
PO Box 3800
Hillside, NJ 07205

New Penn Motor Express                                $103,283

NJM Insurance Co.                                     $144,300

Phase II Products, Inc.                               $465,606
4975 Preston Park Blvd.
Suite 540
Plano, TX 75093

Phifer Incorporated                                   $201,934

Prosper Source Int'l Ltd                              $121,479

Rollease, Inc.                                        $191,346

Tumils North America                                  $770,868
PO Box 404395
Atlanta, GA 30384

UPS                                                   $781,021
Plan # 07271G
PO Box 7247-0244
Philadelphia, PA 19170-0001

Victory Packaging                                     $125,008

Vinatech Trading Limited                              $261,506
228 Queen's Road East
Wan Chai, Hong Kong

Vogue Enterprise, Inc.                                $451,685
1801 Kettering
Irvine, CA 92614


BASHAS' INC: Excludes Willcox Store From Closures
-------------------------------------------------
Carol Broeder at Wick Communications reports that Bashas' Inc.
won't close its Willcox store.

As reported by the Troubled Company Reporter on July 15, 2009,
Bashas' would close 10 stores on July 21.  Bashas' said in April
2009 that it was evaluating underperforming stores.

The closure will affect seven Bashas' stores and three Food City
stores.  Bashas' had already closed five other stores in February.
According to Wick Communications, all other stores in the
statewide chain, including the Food City in Willcox, will remain
open and continue regular operations.

Citing Bashas' spokesperson Kristy Nied, Wick Communications
states that company executives said that the Company was put into
Chapter 11 bankruptcy protection after evaluating a combination of
three factors:

     -- the national credit crisis, which has caused credit
        markets to tighten;

     -- an especially challenging Arizona economy and stagnation
        of growth which has, in effect, caused the state to be
        "over-stored;" and

     -- the repeated, ongoing attacks from the international and
        local grocery workers' union, designed to defame and
        intentionally interfere with the grocers' operations.

Bashas' Inc. is a 77-year-old grocery chain in Chandler, Arizona.
The Company and its affiliates filed for Chapter 11 bankruptcy
protection on July 12, 2009 (Bankr. D. Ariz. Case No. 09-16050).
Frederick J. Petersen, Esq., at Mesch, Clark & Rothschild, P.C.,
assists the Debtors in their restructuring efforts.  Bashas'
listed $100,000,001 to $500,000,000 in assets and $100,000,001 to
$500,000,000 in debts.


BAYOU SCAPE LANDSCAPING: Voluntary Chapter 11 Case Summary
----------------------------------------------------------
Debtor: Bayou Scape Landscaping, Inc.
           dba Bayou Scapes Landscaping, Inc.
        P.O. Box 2908
        Duluth, GA 30096

Bankruptcy Case No.: 09-78790

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: Paul Reece Marr, Esq.
                  300 Galleria Parkway, N.W., Suite 960
                  Atlanta, GA 30339
                  Tel: (770) 984-2255
                  Fax: (770) 984-0044
                  Email: pmarr@mindspring.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtor did not file a list of its 20 largest unsecured
creditors when it filed its petition.

The petition was signed by James D. Bernard, CEO of the Company.


BERTHEL SBIC: Iowa Court Establishes Claims Bar Date
----------------------------------------------------
Berthel Growth & Income Trust I, on its own behalf and on behalf
of Berthel SBIC, LLC, reports that on July 10, 2009, in the matter
of the receivership of Berthel SBIC, LLC, the Federal District
Court for the Northern District of Iowa entered an order
establishing a "claims bar date."

The order provides that all persons or entities having claims
against Berthel SBIC, LLC, the Receivership Estate, or assets or
funds in the possession of the Receiver, other than the SBA and
parties contracted or retained by the SBA as Receiver, are ordered
to file such claims in writing and in the prescribed form with the
receiver:

     c/o Barbara R. Klein
         Principal Agent for SBA as Receiver of Berthel SBIC, LLC
         1100 G Street, N.W., Suite 200
         Washington, D.C. 20005

within 30 days of the last day of notice by publication, which
date will be stated in the mailed and published notices.

The Court ordered the Receiver to publish notice once each week
for two weeks in the Cedar Rapids Gazette, a newspaper of general
circulation serving the Cedar Rapids, Iowa, metropolitan area.

The Berthel Growth & Income Trust I dissolved on June 21, 2009, in
accordance with the terms of its declaration of trust.  Pursuant
to Delaware statutes and the declaration of trust, the Trust will
continue to exist after the Dissolution Date for up to three years
for the purpose of prosecuting and defending suits, whether civil,
criminal or administrative, by or against it, and enabling the
Trust gradually to settle and close its business, to dispose of
and convey its property, to discharge its liabilities, and to
distribute any remaining assets to the holders of beneficial
interests in the Trust, but not for the purpose of continuing the
business for which the Trust was organized.

The SBIC is now in receivership.  The Trust noted that (i) on
January 7, 2009, the Iowa Court entered an order appointing the
Small Business Administration the receiver for the purpose of
marshalling and liquidating in an orderly manner all of the SBIC's
assets and satisfying the claims of the SBIC's creditors in the
order of priority as determined by the Court; and (ii) the Court
entered an order in favor of the SBA in the amount of
$2,773,841.50, plus accrued interest of $17,598.79 through
November 17, 2008, plus accrued interest of $566.15 per day up to
the date of the order, together with post-judgment interest.  The
SBA debt is secured by all assets of the SBIC.

The only activity the Trust now has is to pay creditors and make
distributions to holders of beneficial interests if and when the
SBIC distributes cash to the Trust.

From and after the Dissolution Date, the Trust Advisor will act
without compensation as Liquidating Trust Advisor. When the
Liquidating Trust Advisor has completed the winding up of the
Trust, the Trust will file a certificate of cancellation with the
Delaware Secretary of State.  As soon as it is legally permitted
in each case to do so, the Trust, on behalf the SBIC, will file on
N-54C to notify the Securities and Exchange Commission of the
SBIC's voluntary withdrawal of its election under Section 54(a) of
the Investment Company Act, and the Trust will file on Form 15 to
terminate the registration of the beneficial interests of the
Trust.

As reported by the Troubled Company Reporter on September 22,
2008, the Trust's wholly owned subsidiary, Berthel SBIC, violated
on September 1, 2008, the terms of its loan agreement dated
September 1, 2003, with the United States Small Business
Administration by failing to pay the balance of the loan in full.

As of September 1, 2008, the balance of the loan is $2,777,946.30.
As a result of the default, the United States Small Business
Administration on September 3, 2008, issued Berthel SBIC, LLC a
notice of default, indicating that if Berthel SBIC, LLC does not
pay the amount in full within 30 days, the United States Small
Business Administration will take appropriate legal action.

                       About Berthel Growth

Based in Marion, Iowa, Berthel Growth & Income Trust I was a
Delaware business trust that has elected to be treated as a
business development company under the Investment Company Act of
1940.  The trust's Registration Statement was declared effective
June 21, 1995, at which time the trust began offering Shares of
Beneficial Interest.  The underwriting period was completed on
June 21, 1997, with a total of $10,541,000 raised.

The trust is a closed-end management investment company intended
as a long-term investment and not as a trading vehicle.

At September 30, 2008, the Trust had $2,760,919 in total assets
and $9,565,186 in total liquidation.


BLACK VIPER ENERGY: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Black Viper Energy Services, Ltd.
        11220 West County Road 127
        P.O. Box 2552
        Midland, TX 79792

Bankruptcy Case No.: 09-70168

Debtor-affiliates filing separate Chapter 11 petitions:

        Entity                                     Case No.
        ------                                     --------
Taylor Equipment Leasing, LP                       09-70169
Viper Bit Services, LP                             09-70170

Chapter 11 Petition Date: July 19, 2009

Court: United States Bankruptcy Court
       Western District of Texas (Midland)

Judge: Craig A. Gargotta

Debtor's Counsel: Wiley France James III, Esq.
                  James & Haugland, P.C.
                  P.O. Box 1770
                  El Paso, TX 79949-1770
                  Tel: (915) 532-3911
                  Fax: (915) 541-6440
                  Email: wjames@jghpc.com

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

      http://bankrupt.com/misc/txwb09-70168.pdf

The petition was signed by Randall J. Taylor.


BRIAN SHANNON: Voluntary Chapter 11 Case Summary
------------------------------------------------
Joint Debtors: Brian E. Shannon
               Kathryn E. Shannon
               4100 Masterpiece Dr
               Modesto, CA 95357

Bankruptcy Case No.: 09-92255

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       Eastern District of California (Modesto)

Judge: Robert S. Bardwil

Debtors' Counsel: David C. Johnston, Esq.
                  1014 16th St
                  PO Box 3212
                  Modesto, CA 95353-3212
                  Tel: (209) 521-6260

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtors did not file a list of their 20 largest unsecured
creditors when they filed their petition.

The petition was signed by the Joint Debtors.


BROBECK PHLEGER: Judge Montali Rules on Some Avoidance Actions
--------------------------------------------------------------
WestLaw reports that even assuming that the consideration which
the partner defendants allegedly provided to a dissolved debtor-
law firm on or after the amendment of the partnership agreement to
waive the debtor's interest, on dissolution, in profits realized
or to be realized from any unfinished partnership business,
consisting of a right to receive profits on certain excluded
matters, or of the assistance of the partners in billing and
collecting pre-dissolution receivables, in assembling and
returning client files, and in ensuring the orderly transition of
client work, constituted "value," any such value was not provided
"in exchange for" a waiver of debtor's right to profits, for
constructive fraudulent transfer avoidance purposes.  In the case
of the right to receive profits on excluded matters, this was a
right that the debtor already possessed, and that it did not
receive in exchange for its waiver.  Moreover, the partners' other
activities were activities that they were ethically obligated to
perform.  In re Brobeck, Phleger & Harrison LLP, --- B.R. ----,
2009 WL 2045344 (Bankr. N.D. Calif.).

Ronald F. Greenspan, the Chapter 7 Trustee liquidating and winding
up Brobeck, Phleger & Harrison LLP, brought adversary proceedings
against the firm's former partners and the new firms to which they
went after Brobeck's dissolution -- see Greenspan v. Orrick,
Herrington & Sutcliffe LLP, et al. (Bankr. N.D. Calif. Adv. Pro.
No. 08-3027) and Greenspan v. Dorsey & Whitney LLP, et al. (Bankr.
N.D. Calif. Adv. Pro. No. 08-3028) -- seeking to set aside, on
fraudulent transfer grounds, the firm's prepetition waiver of
interest in profits realized or to be realized from any unfinished
partnership business.  Mr. Greenspan also sought a determination
that the waiver was unenforceable under California law.

On cross-motions for summary judgment, the Honorable Dennis
Montali held that:

    (1) the language in the amended partnership agreement,
        purporting to waive the law firm's interest, on
        dissolution thereof, in profits realized or to be
        realized from any unfinished partnership business,
        with the exception of two specific matters for
        which the partners would have continuing obligation
        to account to firm, was not manifestly unreasonable
        and unenforceable under California law;

    (2) the waiver was not in nature of a "disclaimer," and
        did not effect transfer of any property interest of
        the partnership;

    (3) a genuine issue of material fact as to the partners'
        intent in amending the partnership agreement precluded
        entry of summary judgment on the trustee's actual
        fraudulent transfer claims;

    (4) with one exception, the alleged value was not provided
        "in exchange for" waiver of the debtor's right to
        profits, for constructive fraudulent transfer avoidance
        purposes; and

    (5) the new law firms to which former Brobeck partners
        brought unfinished partnership business were liable as
        immediate transferees.

Judge Montali noted at the outset of his Memorandum Decision that,
"[t]his case presents the court with a matter of apparent first
impression: a dramatic intersection of well-established and
necessary rules appropriate for the winding up and dissolution of
a law firm with the equally well-established principles
recognizing rights of third-party creditors that protect them from
the adverse financial consequences of an otherwise valid
transaction.  In a time when the financial collapse of legacy
institutions can occur quickly, a last minute attempt at order
rather than chaos cannot prevail over the rights of that firm's
creditors."

Brobeck, Phleger & Harrison LLP started business in 1926.  It was
a prominent national law firm with over 900 attorneys and offices
in California, New York, Colorado, Virginia, Texas, Washington
D.C., and, through a joint-venture, in London, England.  In the
late 1990's and early 2000s, Brobeck enjoyed rapid growth, almost
doubling its number of attorneys in just over three years in its
booming technology-sector practice.  In the course of its
expansion, Brobeck incurred substantial debt as well as lease
obligations for several new offices.  On September 17, 2003,
certain of Brobeck's creditors filed an involuntary chapter 7
bankruptcy petition (Bankr. N.D. Calif. Case No. 03-32715).
Thereafter, Ronald F. Greenspan was elected as the Chapter 7
Trustee.


BULLSEYE INVESTMENT: Case Summary & Largest Unsecured Creditor
--------------------------------------------------------------
Debtor: Bullseye Investment Group, Inc.
        PO Box 520
        Alexander, AR 72002

Bankruptcy Case No.: 09-15108

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       Eastern District of Arkansas (Little Rock)

Judge: James G. Mixon

Debtor's Counsel: Geoffrey B. Treece, Esq.
            Quattlebaum, Grooms, Tull & Burrow PLLC
            111 Center St., Suite 1900
            Little Rock, AR 72201
            Tel: (501) 379-1700
            Fax: (501) 379-1701
            Email: gtreece@qgtb.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtor identified Compass Bank with financed truck maintenance
and repairs at Freightliner debt claim for $6,157 as its largest
unsecured creditor. A full-text copy of the Debtor's petition,
including a list of its largest unsecured creditor, is available
for free at:

         http://bankrupt.com/misc/areb09-15108.pdf

The petition was signed by Steve Glenn, president of the Company.


CALIFORNIA STATE: Gov., Lawmakers Agree to Cut $15.6BB in Spending
------------------------------------------------------------------
Stu Woo and Ryan Knutson at The Wall Street Journal report that
California Gov. Arnold Schwarzenegger and lawmakers agreed to
close the budget shortfall by slashing $15.6 billion in spending.

According to The Journal, the major cuts in the budget include:

     -- $6 billion from kindergartens and community colleges,
     -- $2.8 billion from other higher education,
     -- $1.3 billion saved through state-worker furloughs,
     -- $1.3 billion cut from a state health-care plan and
     -- $1.2 billion trimmed from prison spending.

Under the plan, California would take $4.7 billion from its cities
and counties, The Journal relates.  The Journal states the deal
calls for raising $1 billion in revenue by selling an insurance
fund, as well as for raising $100 million by drilling for oil off
the Santa Barbara coast.  The plan, according to the report, also
addresses what remains of the deficit with one-time fixes and
accounting maneuvers like pushing state-worker paychecks from June
2010 to July 2010, the next fiscal year.

The Journal reports that lawmakers will vote on the budget plan on
July 23.

Citing Standard and Poor's analyst Gabriel Petek, The Journal says
that the budget package would likely stop credit-rating agencies
from further.  Mr. Petek warned that California's rating can still
be downgraded because the budget deal relies on "unconventional"
fixes and its revenue forecast may be too optimistic, according to
the report.

Fiscal experts said that the negative effects of the budget deal
would offset much of the intended benefits of the government's
federal stimulus package, The Journal states.  Citing economists,
WSJ relates that the proposed cuts in the budget deal will
compound the continuing impact from other recessionary blows,
including an 11.6% state unemployment rate, widespread
foreclosures on homes, and depressed real-estate values.

"There will be less of a stimulus effect rising from the federal
government policies by an amount that's obvious.  That will mean
there will be slower recovery than otherwise would have been the
case," The Journal quoted Stanford University economist Roger Noll
as saying.  "The budget is a pure Band-aid.  It just transfers the
problem to next year."


CANWEST MEDIA: Continues Talks with Noteholder Group
----------------------------------------------------
Canwest Global Communications Corp. said Canwest Media Inc. is
continuing discussions with the members of an ad hoc committee of
8% noteholders of CMI regarding a recapitalization transaction.

The holders of the new 12% senior secured notes of CMI and Canwest
Television Limited Partnership as well as CIT Business Credit
Canada Inc., the provider of a senior secured revolving asset-
based loan facility to CMI, have agreed to extend to July 31, 2009
certain milestones that were to be have been achieved by July 17,
2009.  The date by which CMI must enter into an agreement in
respect of a recapitalization transaction is July 31, 2009.

CMI and the members of the Ad Hoc Committee have also entered into
a further extension agreement and forbearance to July 31, 2009.

As reported by the Troubled Company Reporter on May 26, 2009,
Canwest Media and Canwest Television and certain parties entered
into an agreement, pursuant to which the parties will purchase the
U.S. dollar equivalent of C$105 million principal amount of 12%
senior secured notes of CMI and CTLP for an aggregate purchase
price of the U.S. dollar equivalent of C$100 million.  CIT agreed
to provide a senior secured revolving ABL facility for
C$75 million to CMI.  Both transactions were expected to close
May 21, 2009.

Canwest has kept the identity of the Purchasers confidential.

Moreover, the Note Purchase Agreement provides that in the event
Canwest Media or Canwest Television seeks creditor protection
under the Companies' Creditors Arrangement Act or comparable
legislation, the Notes will be converted into a debtor-in-
possession financing arrangement.  The Purchasers also suggested
FTI Consulting to be appointed as monitor in the event of a CCAA
filing.

Canwest also said in May that the senior lenders under the CMI
existing credit facility extended their waiver agreement until
June 2, 2009, and also agreed to defer certain payments
aggregating approximately $10 million until June 2, which would
allow completion of the new facilities.  Additionally, Canwest
also said CMI and the members of the Ad Hoc Committee entered into
a further agreement and forbearance until June 15, subject, among
other things, to closing of the issuance of the Senior Secured
Notes.

Under the terms of the new financing arrangements, CMI originally
agreed to satisfy certain milestones within certain time frames:

     * On or before June 15, 2009, reaching an agreement in
       principle with members of the Ad Hoc Committee in respect
       of a recapitalization transaction.

     * On or before July 15, 2009, entering into a definitive
       agreement with members of the Ad Hoc Committee with respect
       to the recapitalization transaction.

CMI used proceeds from the issue and sale of the Senior Secured
Notes and from CIT's ABL facility to, among other things, repay
the current lenders all amounts owing under CMI's existing senior
credit facility and settle related obligations.

            About Canwest Global Communications Corp.

Canwest Global Communications Corp. -- http://www.canwest.com/--
(TSX: CGS and CGS.A,) an international media company, is Canada's
largest media company.  In addition to owning the Global
Television Network, Canwest is Canada's largest publisher of
English language daily newspapers and owns, operates and/or holds
substantial interests in conventional television, out-of-home
advertising, specialty cable channels, web sites and radio
stations and networks in Canada, New Zealand, Australia,
Turkey,Indonesia, Singapore, the United Kingdom and the United
States.

                         *     *     *

As reported in the Troubled Company Reporter on June 9, 2009,
Moody's Investors Service downgraded Canwest Limited Partnership's
probability of default rating to Ca/LD and its corporate family to
Caa3 on news the company decided to not make payments totaling
$10 million due under its senior secured credit facility on
May 29, 2009, the end of the company's fiscal quarter.  This
suggests that CLP has chosen to force the issue with its bank
lenders, and is also likely an indication that ongoing
negotiations with the bank lenders were not going well, according
to Moody's.  Given the recent experience of CLP's parent company,
Canwest Media Inc., this step was likely unavoidable.  Since the
payment includes a principal component and there is no cure
period, the bank credit facility is now in default.  The lenders
have not accelerated repayment.

The TCR on June 2, 2009, said Standard & Poor's Ratings Services
lowered its ratings on Canwest LP, including the corporate credit
and senior secured ratings to 'D' (default) from 'CCC' and the
rating on the C$75 million senior subordinated credit facility due
2015 to 'D' from 'CC'.  S&P also lowered the rating on the
company's US$400 million senior subordinated notes due 2015 to 'C'
from 'CC'.  The recovery ratings on the debt obligations are
unchanged.


CLAUDE HARRIS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Claude F. Harris
        11790 Jamie Drive
        Concord Township, OH 44077

Bankruptcy Case No.: 09-16645

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       Northern District of Ohio (Cleveland)

Judge: Randolph Baxter

Debtor's Counsel: Stephen D. Hobt, Esq.
            1370 Ontario St., Suite 450
            Cleveland, OH 44113-1744
            Tel: (216) 771-4949
            Fax: (216) 771-5353
            Email: shobt@aol.com

Total Assets: $3,247,050

Total Debts: $7,037,205

A full-text copy of Mr. Harris' petition, including a list of his
20 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/ohnb09-16645.pdf

The petition was signed by Mr. Harris.


CASTLE HORIZON: Case Summary & 2 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Castle Horizon Real Estate, LLC
        171 Magnolia Country Club Lane
        Magnolia, NC 28453

Bankruptcy Case No.: 09-05992

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Eastern District of North Carolina (Wilson)

Judge: J. Rich Leonard

Debtor's Counsel: George M. Oliver, Esq.
            Oliver & Friesen, PLLC
            P. O. Box 1548
            New Bern, NC 28563
            Tel: (252) 633-1930
            Fax: (252) 633-1950
            Email: efile@oliverandfriesen.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A full-text copy of the Debtor's petition, including a list of its
2 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/nceb09-05992.pdf

The petition was signed by Giles Tomkin, member/manager of the
Company.


CEDAR FUNDING: Ponzi Scheme Investors' Lien Arguments Fail
----------------------------------------------------------
WestLaw reports that investors in a company that its principal had
allegedly operated as a Ponzi scheme, while purporting to sell
fractionalized interests in deed of trust loans, were never
intended to have any equitable interest in the deed of trust
property, which was merely presented as security for their
investments.  Thus, they were not entitled to a resulting trust in
the deed of trust property to remedy the company's failure to
properly perfect their security interests and were at most
entitled to equitable liens, any determination as to which,
following commencement of the company's Chapter 11 case, had to
take into consideration the Bankruptcy Code's policy of ratable
distribution between creditors.  Under California law, a resulting
trust is a judicial recognition that parties' relationship is and
was always intended to be that of trustee and beneficiary, not
debtor and creditor, and for that reason, property subject to a
resulting trust never belongs to the titleholder, and does not
become property of the estate if the titleholder files for
bankruptcy.  In re Cedar Funding, Inc., --- B.R. ----, 2009 WL
2038121 (Bankr. N.D. Calif.).

Monterey, California-based Cedar Funding Inc. --
<http://www.cedarfundinginc.com/>http://www.cedarfundinginc.com/
-- is a mortgage lender.  It filed a Chapter 11 petition on May
26, 2008 (Bankr. N.D. Calif. Case No. 08-52709).  Judge Marilyn
Morgan presides over the case.  Cecily A. Dumas, Esq., at
Friedman, Dumas and Springwater, in San Francisco, represents the
Debtor, and R. Todd Neilson serves as the Chapter 11 Trustee.
Cedar Funding, Inc., accepted many millions of dollars from
hundreds of individuals who believed they were acquiring
fractional interests in loans that were secured by real property.
Many more invested with CFI through a related entity, Cedar
Funding Mortgage Fund LLP, that acquired fractional interests in
the name of the Fund.  CFI failed to record assignments of its
deeds of trust that would have provided security interests to most
of its investors, including the Fund.  The Debtor estimated assets
of less than $50,000 and debts of $100 million to $500 million in
its chapter 11 petition.


CHICAGOLAND-QUAD: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Chicagoland-Quad Cities Express, Inc.
        7715 S. 78th Ave., Bldg 5
        Bridgeview, IL 60445

Bankruptcy Case No.: 09-26160

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: John H. Squires

Debtor's Counsel: Michael D. Lee, Esq.
                  Schuyler Roche, P.C.
                  130 East Randolph Street, Suite 3800
                  Chicago, IL 60601
                  Tel: (312) 565-8349
                  Fax: (312) 565-8300
                  Email: mlee@schuylerroche.com

                  David M. Giangrossi, Esq.
                  Schuyler Roche, P.C.
                  130 East Randolph Street, Suite 3800
                  Chicago, IL 60601
                  Tel: (312) 565-2400

Estimated Assets: $100,001 to $500,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtor did not file a list of its 20 largest unsecured
creditors when it filed its petition.

The petition was signed by Terri Wintermute, president of the
Company.


CHRISTO BARDIS: Court Sets July 29 Plan Confirmation Hearing
------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of California
approved the amended disclosure statement with respect to John D.
Reynen and Judith M. Reynen, and Christo Bardis and Sara Bardis'
First Amended Joint Plan of Reorganization dated May 29, 2009.

The Court set the confirmation hearing for the Amended Joint Plan
for July 29, 2009, at 10:00 a.m.

                         Plan Terms

Pursuant to the Plan, the Debtor Group estimates that the
appointed plan agent will pay between 2.8% and 6.1% of all allowed
general unsecured claims and between 2.2% and $5.2% of all allowed
general unsecured claims Bardis case, over time, using the
proceeds of the Debtor Group's tax refunds, as well as cash
generated by the sale of most of the Debtor Group's non-exempt
asseta and the recovery of avoidable transfers.

On or after the Plan's Effective Date, the Plan Agent will direct
the liquidation of the estates' assets and to oversee the buildout
of certain existing projects.  The official committee of unsecured
creditors of John D. Reynen and Judith M. Reynen and the Debtor
Group have selected Hank Spacone, the Committee's consultant, as
Plan Agent.

Following the Plan's Effective Date, the Debtor Group will assist
the Plan Agent in: (a) selling the estates' assets, (b) the
potential defense of the estates' income tax refunds, (c) the
operation of Buildco, (d) the review of claims, and (e) the
prosecution of avoidance and other claims against the estates.
In consideration of these efforts, the Debtor Group will receive
post-confirmation incentive compensation pursuant to formulae as
negotiated with the Creditors' Committee.

  Classification of Claims Against and Interests

The Plan segregates the various claims against and interests in
the Debtor group into 29 classes (including subclasses):

  Class           Description                   Treatment
  -----   ---------------------------   ------------------
   A1    Reynen Priority Claims        Paid in full.
   A2    Bardin Priority Claims        Paid in full.
   B1.1  Silver Oak Reynen Secured     Unimpaired. Permitted to
           Claim                         foreclose.
   B1.2  AKT Secured Claim             Impaired.
   B1.3  Bank of America-Sacramento    Impaired.
           Secured Claim
   B1.4  CBT Secured Claim             Impaired.
   B1.5  Chase Secured Claim           Impaired.
   B1.6  Merrill Lynch Secured Claim   Impaired.
   B1.7  PNB Secured Claim             Impaired.
   B1.8  Wells-Wallace Secured Claim   Impaired.
   B1.9  Wells-Mendocino Secured       Impaired.
           Claim
   B1.10 Wells-Truckee Secured Claim   Impaired.
   B1.11 Wells-Reno Secured Claim      Impaired.
   B1.12 All other Reynen Secured      Unimpaired. Fully cured or
           Claims                        reinstated, or paid in
                                         full, or alalowed to
                                         foreclose.
   B2.1  ATAP Secured Claim            Unimpaired. Permitted to
                                         foreclose.
   B2.2  Silver Oak Bardis Secured     Unimpaired. Permitted to
           Claim                         foreclose.
   B2.3  Wachovia Gold River Secured   Unimpaired. All arrearages
           Claim                         will be cured and loan
                                         will be reinstated by
                                         the Reorganized
                                         Bardises.
   B2.4  Wachovia-L.A. Secured Claim   Impaired.  Permitted to
                                         foreclose.
   B2.5  Bank of West-Gold River       Unimpaired. Permitted to
           Secured Claim                 exercise nonbankruptcy
                                         law remedies.
   B2.6  BankFirst-Gold River          Impaired. Permitted to
           Secured Claim                 exercise nonbankruptcy
                                         law remedies.
   B2.7  First Tennessee Secured       Impaired. Permitted to
           Claim                         exercise nonbankruptcy
                                         law remedies.
   B2.8  BankFirst-Pebble Proceeds     Unimpaired. Permitted to
           Secured Claim                 exercise nonbankruptcy
                                         law remedies.
   B2.9  All other Bardis Secured      Unimpaired. Fully cured or
           Claims                        reinstated, or paid in
                                         full, or allowed to
                                         foreclose.
   C1    Reynen Convenience Claims     Impaired. Payment equal to
                                         5% of allowed claim.
   C2    Bardis Convenience Claims     Impaired. Payment equal to
                                         5% of allowed claim.
   D1    Reynen Unsecured Claims       Impaired. 2.8%-5.2%
                                         recovery.
   D2    Bardis Unsecured Claims       Impaired. 2.2%-5.2%
                                         recovery.
   E1    Reynen Equity Interests       Will receive the Reynen
                                         Excluded Assets and will
                                         be entitled to certain
                                         incentive payments.
   E2    Bardis Equity Interests       Will receive the Bardis
                                         Excluded Assets and will
                                         be entitled to certain
                                         incentive payments.

A full-text copy of the disclosure statement with respect to the
Debtor Group's First Amended Joint Plan is available for free at:

        http://bankrupt.com/misc/christobardis.DS.pdf

Real estate broker Christo Bardis filed a voluntary petition under
Chapter 11 of the United States Bankruptcy Code in the United
States Bankruptcy Court for the Eastern District of California,
Sacramento, on Oct. 15, 2008 (Case No. 08-34878).  Mr. Bardis is
co-founder of homebuilder Reynen & Bardis Communities.  David M.
Meegan, Esq., at Meegan, Hanschu & Kassenbrock, represents Mr.
Bardis as counsel.

Partner John D. Reynen filed for bankruptcy on April 23, 2008, in
Sacramento (Case No. 08-25145) to avert Bank of the West's
foreclosure of his personal property securing a $26 million loan.
Messrs. Reynen and Bardis guaranteed at least $740 million used by
their company that was obtained from several creditors but failed
to repay the loan, according to the Troubled Company Reporter on
April 25, 2008.

Mr. Bardis owes as much as $582,593,701 in loans to his unsecured
creditors including, among others, Wells Fargo Bank owed
$81,082,143; Indymac Bank owed $70,233,564; Comerica owed
$52,235,143.

Mr. Reynen disclosed in its filing assets between $50 million and
$100 million, and debts between $500 million and $100 million.  He
owes $286,616,222 to his unsecured creditors including Lennar
Rennaissance Inc. asserting $47,000,000 in trade debt; Wells Fargo
asserting $29,387,928 in bank loan; and Indymac Bank asserting
$26,833,087 in bank loan.

Howard S. Nevins, Esq., at Hefner, Stark & Marols, LLP, in
Sacramento, California, represents Mr. Reynen.

Both cases are assigned to the Hon. Christopher M. Klein.


CIT GROUP: Fitch Puts Various Student Loans Under Analysis
----------------------------------------------------------
Following its monthly surveillance review of U.S. Student Loan
asset-backed securities transactions, Fitch Ratings designated 17
U.S. FFELP and private student loan ABS deals as 'Under Analysis',
indicating that Fitch intends to issue a rating action within 30
days.  A rating action could include an affirmation, upgrade,
downgrade or placement on Rating Watch.

Fitch has also designated 527 Student Loan ABS deals with a
SMARTView date of July 21, 2009, indicating that performance has
been reviewed and a rating action is not anticipated within the
next 30 days.

This transaction has been placed 'Under Analysis' because its
performance is outside of Fitch's expectations:

  -- Education Loans Inc. - 1998 Indenture Trust 1998.

These transactions have been placed 'Under Analysis' due to
operational risk involved with CIT Group, Inc.  Entities directly
or indirectly fully owned by CIT serve as administrator, sponsor,
paying agent or master servicer for these transactions. CIT was
recently downgraded by Fitch to 'C' from 'BB-':

  -- Arizona Higher Education Loan Authority - 2005 Trust
     Indenture 2005;

  -- Arizona Higher Education Loan Authority - 2005 Trust
     Indenture 2006;

  -- Arizona Higher Education Loan Authority - 2005 Trust
     Indenture 2007;

  -- Education Lending Group, Inc. - CIT Education Loan Trust
     2005-1;

  -- Education Lending Group, Inc. - Education Funding Capital
     Trust II;

  -- Education Lending Group, Inc. - Education Funding Capital
     Trust III;

  -- Education Lending Group, Inc. - Education Funding Capital
     Trust IV;

  -- PARTS Private Student Loan Trust Series 2007-CT1.

These transactions have been placed 'Under Analysis' because they
will be subject to a periodic in-depth review:

  -- Connecticut Higher Education Supplemental Loan Authority -
     Amended and Restated 1996 Master (CT) 1998;

  -- Connecticut Higher Education Supplemental Loan Authority -
     Amended and Restated 1996 Master (CT) 1999;

  -- Connecticut Higher Education Supplemental Loan Authority -
     Amended and Restated 1996 Master (CT) 2000;

  -- Connecticut Higher Education Supplemental Loan Authority -
     Amended and Restated 1996 Master (CT) 2001;

  -- Kentucky Higher Education Student Loan Corporation Insured
     Student Loan Revenue Bonds 2008;

  -- Massachusetts Educational Financing Authority - Series 2008;

  -- SLM Student Loan Trust 2008-6;

  -- SLM Student Loan Trust 2008-7.

A transaction may also be designated as 'Under Analysis' when a
review is undertaken because of a material event affecting the
transaction or when a regular, more in-depth periodic review is
being performed.  While transaction performance is reviewed
monthly, Fitch conducts detailed portfolio reviews at least
annually.


CIT GROUP: Urban Outfitters Prepares for Potential Bankruptcy
-------------------------------------------------------------
Maria Panaritis at The Philadelphia Inquirer reports that Urban
Outfitters chief financial officer John Kyees said that the firm
has started "identifying all the vendors that are factored by CIT
(Group) and working with out merchants," in the event of a
bankruptcy filing by the Company.

According to the Troubled Company Reporter on July 14, 2009,
Bloomberg News reported that CIT said its demise would put
760 manufacturing clients at risk of failure and "precipitate a
crisis" for as many as 300,000 retailers.  Alistair Barr and
Ronald D. Orol at MarketWatch said that analysts believe a
bankruptcy filing by CIT Group probably wouldn't solve the
lender's long-term problems, and that a short period of government
support followed by an acquisition by a large bank or another
deep-pocketed investor may be its best hope.

Citing Mr. Kyees, The Inquirer relates that Urban Outfitters
orders merchandise from 140 vendors that use CIT as a factor,
mostly for goods shipped to its 266 Anthropologie and Urban
Outfitters stores.

According to The Inquirer, Urban Outfitters and Boscov's
Department Store L.L.C. Officials worked to ensure that even if
CIT were to go under they would continue receiving merchandise.
CIT is one of four lenders holding a slice of a $200 million loan
that financed Boscov's emergence from bankruptcy in 2008.  The
other lenders would cover CIT's loan obligations if necessary, The
Inquirer states, citing Boscov's.

The Inquirer quoted Boscov's CEO Albert Boscov as saying, "We're
sending letters to all of them asking, if something were to happen
to CIT, what is their plan," while Mr. Kyees said that at Urban
Outfitters, "we called our folks at Wachovia, who are now Wells
[Fargo], and said, 'How would you feel about factoring if CIT fell
apart on some of our vendors?' and they said, 'No question.'  Our
balance sheet is pristine."

"Very few retailers will pay up front, to make sure they get the
goods and the goods are in the right quantity and so forth.  So
it's a real problem," The Inquirer quoted Boscov's as saying.

                          About CIT Group

CIT Group Inc.-- http://www.cit.com/-- is a bank holding company
with more than $60 billion in finance and leasing assets that
provides financial products and advisory services to small and
middle market businesses.  Operating in more than 50 countries
across 30 industries, CIT provides an unparalleled combination of
relationship, intellectual and financial capital to its customers
worldwide.  CIT maintains leadership positions in small business
and middle market lending, retail finance, aerospace, equipment
and rail leasing, and vendor finance.  Founded in 1908 and
headquartered in New York City, CIT is a member of the Fortune
500.

CIT Group reported $75.7 billion in assets and $68.2 billion in
liabilities, including $3 billion in deposits, at the end of the
first quarter.

As reported by the TCR on July 15, Standard & Poor's Ratings
Services said that it lowered its ratings on CIT Group Inc.,
including lowering the counterparty credit ratings to 'CCC+/C'
from 'BB-/B'.  The ratings remain on CreditWatch, where they were
placed with negative implications on June 12, 2009.  "The
downgrade reflects increased near-term liquidity concerns," said
Standard & Poor's credit analyst Rian Pressman.

Moody's Investors Service simultaneously downgraded the senior
unsecured rating of CIT Group Inc. to B3 from Ba2.  Additionally,
Moody's placed CIT's long-term ratings on review for further
possible downgrade.  The Company's short-term rating remains Not
Prime.  The downgrade of CIT's ratings is based on Moody's growing
concern with CIT's liquidity position and prospects for survival
of the franchise.


CITIGROUP INC: To Raise $2.5 Bil. Through Issuance of Notes 2039
----------------------------------------------------------------
Citigroup Inc. filed with the Securities and Exchange Commission a
prospectus on Form 424B2 relating to its offer to issue
$2,500,000,000 in 8.125% Notes due 2039.

The notes will mature on July 15, 2039.  The notes will bear
interest at a fixed rate of 8.125% per annum.  Interest on the
notes is payable semi-annually on the 15th day of each January and
July, commencing January 15, 2010.  The notes may not be redeemed
prior to maturity unless changes involving United States taxation
occur which could require Citigroup to pay additional amounts.

The notes are being offered globally for sale in the United
States, Europe, Asia and elsewhere where it is lawful to make such
offers.  Application will be made to list the notes on the
regulated market of the Luxembourg Stock Exchange, but Citigroup
is not required to maintain this listing.

The notes are not deposits or savings accounts but are unsecured
debt obligations of Citigroup.  The notes are not insured by the
Federal Deposit Insurance Corporation or by any other governmental
agency or instrumentality.  The debt is not guaranteed under the
Federal Deposit Insurance Corporation's Temporary Liquidity
Guarantee Program.

Other terms of the Offering are available in a free writing
prospectus on Form FWP filed with the SEC, a copy of which is
available at http://ResearchArchives.com/t/s?3fc3

A full-text copy of the Prospectus on Form 424B2 is available at
no charge at http://ResearchArchives.com/t/s?3fc2

Citigroup Global Markets Inc. is acting as sole bookrunning
manager for the offering and as representative of the
underwriters.  Each underwriter has severally agreed to purchase
from Citigroup, and Citigroup has agreed to sell to each
underwriter, the principal amount of notes set forth opposite the
name of each underwriter:

                                               Principal Amount
     Underwriter                                   of Notes
     -----------                               ----------------
Book Manager:
     Citigroup Global Markets Inc.               $2,131,250,000

Senior Co-Managers:
     Banc of America Securities LLC                  50,000,000
     Deutsche Bank Securities Inc.                   50,000,000
     Goldman, Sachs & Co.                            50,000,000
     RBS Securities Inc.                             50,000,000

Junior Co-Managers:
     Barclays Capital Inc.                           18,750,000
     BNP Paribas Securities Corp.                    18,750,000
     CastleOak Securities, L.P.                      18,750,000
     Credit Suisse Securities (USA) LLC              18,750,000
     ING Financial Markets LLC                       18,750,000
     RBC Capital Markets Corporation                 18,750,000
     Samuel A. Ramirez & Co., Inc.                   18,750,000
     TD Securities (USA) LLC                         18,750,000
     UBS Securities LLC                              18,750,000
                                               ----------------
          Total                                  $2,500,000,000

The underwriting agreement provides that the obligations of the
underwriters to pay for and accept delivery of the notes are
subject to the approval of legal matters by their counsel and to
other conditions.  he underwriters are committed to take and pay
for all of the notes if any are taken.

The underwriters propose to offer part of the notes directly to
the public at the public offering price set forth on the cover
page of this prospectus supplement and to certain dealers at the
public offering price less a concession not in excess of 0.500% of
the principal amount of the notes.  The underwriters may allow,
and such dealers may reallow, a concession to certain other
dealers not in excess of 0.250% of the principal amount of the
notes.

                          About Citigroup

Based in New York, Citigroup Inc. (NYSE: C) --
http://www.citigroup.com/-- is organized into four major segments
-- Consumer Banking, Global Cards, Institutional Clients Group,
and Global Wealth Management.  Citigroup had $2.0 trillion in
total assets on $1.9 trillion in total liabilities as of
September 30, 2008.

As reported in the Troubled Company Reporter on November 25, 2008,
the U.S. government entered into an agreement with Citigroup to
provide a package of guarantees, liquidity access, and capital.
As part of the agreement, the U.S. Treasury and the Federal
Deposit Insurance Corporation will provide protection against the
possibility of unusually large losses on an asset pool of
approximately $306 billion of loans and securities backed by
residential and commercial real estate and other such assets,
which will remain on Citigroup's balance sheet.  As a fee for this
arrangement, Citigroup issued preferred shares to the Treasury and
FDIC.  The Federal Reserve agreed to backstop residual risk in the
asset pool through a non-recourse loan.

Citigroup is one of the banks that, according to results of the
government's stress test, need more capital.


CITIGROUP INC: Explains Dividend Blocker, Director Amendments
-------------------------------------------------------------
Citigroup Inc. filed with the Securities and Exchange Commission a
Form 425 to talk about the Dividend Blocker Amendment and Director
Amendment and how they affect holders of Citi common stock.

Citi explains the Dividend Blocker Amendment will allow it to pay
dividends on its Common Stock without first paying dividends to
holders of Public Preferred Stock.  According to Citi, the
Dividend Blocker Amendment eliminates a potentially significant
expense if the Board considers reinstating dividends on the Common
Stock in the future.  Citigroup may not be able to reinstate
dividends on the Common Stock in the future if this amendment is
not approved.

Citi also relates if the Director Amendment is not approved by
Citigroup stockholders and Citigroup does not pay dividends on the
Public Preferred Stock for six quarterly periods -- or for three
semi-annual dividend periods in the case of Series E preferred
stock -- the holders of the Public Preferred Stock will be
entitled to elect two directors to Citigroup's board of directors.
Common stockholders would not have the right to vote on the two
directors.

                          About Citigroup

Based in New York, Citigroup Inc. (NYSE: C) --
http://www.citigroup.com/-- is organized into four major segments
-- Consumer Banking, Global Cards, Institutional Clients Group,
and Global Wealth Management.  Citigroup had $2.0 trillion in
total assets on $1.9 trillion in total liabilities as of
September 30, 2008.

As reported in the Troubled Company Reporter on November 25, 2008,
the U.S. government entered into an agreement with Citigroup to
provide a package of guarantees, liquidity access, and capital.
As part of the agreement, the U.S. Treasury and the Federal
Deposit Insurance Corporation will provide protection against the
possibility of unusually large losses on an asset pool of
approximately $306 billion of loans and securities backed by
residential and commercial real estate and other such assets,
which will remain on Citigroup's balance sheet.  As a fee for this
arrangement, Citigroup issued preferred shares to the Treasury and
FDIC.  The Federal Reserve agreed to backstop residual risk in the
asset pool through a non-recourse loan.

Citigroup is one of the banks that, according to results of the
government's stress test, need more capital.


CITIGROUP INC: Includes Safety First Trusts as Registrants
----------------------------------------------------------
Citigroup Inc. filed with the Securities and Exchange Commission
Post-Effective Amendment No. 1 to the Registration Statement No.
333-154914 filed for the purpose of:

     (1) adding Safety First Trust Series 2006-1, Safety First
         Trust Series 2007-1, Safety First Trust Series 2007-2,
         Safety First Trust Series 2007-3, Safety First Trust
         Series 2007-4, Safety First Trust Series 2008-1, Safety
         First Trust Series 2008-2, Safety First Trust Series
         2008-3, Safety First Trust Series 2008-4 and Safety First
         Trust Series 2008-5, as issuers and co-registrants to the
         Registration Statement,

     (2) registering additional securities pursuant to Rule 413(b)
         and filing an additional prospectus relating to such
         additional securities, and

     (3) filing additional exhibits to the Registration Statement.

The securities to be registered are:

   -- Principal-Protected Trust Certificates of the Trusts;
   -- Guarantees of Citigroup Funding Inc. with respect to the
      Certificates of the Trusts; and
   -- Guarantees of Citigroup Inc.

Citigroup Funding Inc. and Citigroup Inc. are also registrants in
the registration statement.

The prospectus contained in the Post-Effective Amendment No. 1 to
the Registration Statement, together with the prospectus
describing the terms of the specific securities being offered and
sold, may be used by the Registrants' broker-dealer affiliates,
including Citigroup Global Markets Inc., in connection with offers
and sales of such securities in market-making transactions.

The prospectus applies to market-making offers and sales of all
the outstanding principal-protected trust certificates that were
previously issued by the referenced trusts under the Registration
Statement No. 333-135867.  Any payments due from the Trusts under
the certificates are guaranteed by Citigroup Funding Inc. to the
extent illustrated in the prospectus describing the terms of the
specific series of certificates.  Any payments due from Citigroup
Funding Inc. are guaranteed by Citigroup Inc.

A full-text copy of Post-Effective Amendment No. 1 to Form S-3
Registration Statement under the Securities Act of 1933 is
available at no charge at http://ResearchArchives.com/t/s?3fc4

                          About Citigroup

Based in New York, Citigroup Inc. (NYSE: C) --
http://www.citigroup.com/-- is organized into four major segments
-- Consumer Banking, Global Cards, Institutional Clients Group,
and Global Wealth Management.  Citigroup had $2.0 trillion in
total assets on $1.9 trillion in total liabilities as of
September 30, 2008.

As reported in the Troubled Company Reporter on November 25, 2008,
the U.S. government entered into an agreement with Citigroup to
provide a package of guarantees, liquidity access, and capital.
As part of the agreement, the U.S. Treasury and the Federal
Deposit Insurance Corporation will provide protection against the
possibility of unusually large losses on an asset pool of
approximately $306 billion of loans and securities backed by
residential and commercial real estate and other such assets,
which will remain on Citigroup's balance sheet.  As a fee for this
arrangement, Citigroup issued preferred shares to the Treasury and
FDIC.  The Federal Reserve agreed to backstop residual risk in the
asset pool through a non-recourse loan.

Citigroup is one of the banks that, according to results of the
government's stress test, need more capital.


CLARIENT INC: Files Copies of Gemino Credit Agreement, et al.
-------------------------------------------------------------
Clarient, Inc., filed with the Securities and Exchange Commission
copies of:

   (1) the Credit Agreement, dated as of July 31, 2008, by and
       among Clarient, Inc., Clarient Diagnostic Services, Inc.,
       ChromaVision International, Inc. and Gemino Healthcare
       Finance, LLC.

       The Agreement provides for up to $8,000,000 in financing
       which is secured by a first priority perfected security
       interest in the Collateral of the Borrowers.  The Borrowers
       are required to perform and comply with each of the
       financial covenants:

       (a) Commencing with the calendar month ending May 31, 2008,
           and continuing through and including the calendar month
           ending January 31, 2009, the Borrowers will maintain a
           Loan Turn Days of not greater than 50 days, in each
           case measured monthly at the end of each calendar
           month.

       (b) The Borrowers will maintain EBITDA, on a cumulative,
           year to date basis, of at least (i) $2,000,000 for the
           fiscal quarters ending March 31, 2008, June 30, 2008,
           and September 30, 2008, combined and (ii) $2,900,000
           for the fiscal quarters ending March 31, 2008, June 30,
           2008, September 30, 2008 and December 31, 2008,
           combined, in each case measured quarterly at the end of
           each fiscal quarter.

       (c) The Borrowers will maintain at all times a minimum
           Excess Liquidity of not less than $2,000,000.

       See http://ResearchArchives.com/t/s?3fb0

   (2) the Third Amendment and Waiver to Amended and Restated Loan
       Agreement, dated as of July 31, 2008, by and between
       Comerica Bank and Clarient, Inc.

       Clarient requested that the Bank consent to the incurrence
       and repayment of additional debt pursuant to the facility
       extended by Gemino Healthcare, and the Bank has agreed to
       do so in accordance with the Amendment.  The Bank waives
       any default or event of default resulting from the
       Borrower's incurrence of the Additional Debt and its
       execution of the Gemino Credit Agreement.

       Clarient agrees to maintain minimum EBITDA on a cumulative,
       year to date basis for periods set forth, of at least the
       stated amount, in each case measured quarterly at the end
       of each fiscal quarter:

       Period                                  Minimum EBITDA
       ------                                  --------------
       For the period from 1/01/08 -- 9/30/08      $2,000,000
       For the period from 1/01/08 -- 12/31/08     $2,900,000
       Thereafter                              As may be re-set
                                               based on Borrower's
                                               Board-approved plan
                                               for FYE 2009

       See http://ResearchArchives.com/t/s?3fb1

   (3) First Amendment and Waiver of Amended and Restated Senior
       Subordinated Revolving Credit Agreement, dated July 31,
       2008, by and between Clarient, Inc. and Safeguard Delaware,
       Inc.

       Safeguard consented to the Gemino Financing, and amend and
       waive certain terms of its Agreement with Clarient, to
       accommodate the Gemino Financing.  Immediately upon the
       closing of the Gemino facility, the Borrower paid to
       Safeguard a one-time repayment of Outstanding Amounts in an
       amount equal to $4,600,000.

       See http://ResearchArchives.com/t/s?3fb2

Clarient also filed with the SEC a copy of its Stock Purchase
Agreement, dated March 25, 2009, with Oak Investment Partners XII,
LP.  Clarient's Board of Directors authorized 6,578,948 shares of
its preferred stock, par value $0.01 per share to be denominated
as the Company's Series A Convertible Preferred Stock, which will
be convertible into shares of the Company's common stock, par
value $0.01 per share, in accordance with the terms of the
Company's Certificate of Designations, Preferences and Rights of
Series A Convertible Preferred Stock.  Oak Investment wanted to
initially purchase an aggregate of up to 5,263,158 shares of the
Series A Preferred Stock, and up to an additional 1,315,790 shares
of the Series A Preferred Stock in one or more Subsequent
Closings, at a purchase price per share of $7.60.

       See http://ResearchArchives.com/t/s?3fb3

                        About Clarient Inc.

Based in Aliso Viejo, California, Clarient Inc. (Nasdaq: CLRT) --
http://www.clarientinc.com/-- is an advanced oncology diagnostics
services company.  The Company's principal customers include
pathologists, oncologists, hospitals and biopharmaceutical
companies.

                       Going Concern Doubt

KPMG LLP in Irvine, California -- in its audit report dated
March 19, 2009 -- raised substantial doubt about the Company's
ability to continue as a going concern.  KPMG cited the Company's
recurring losses from operations and negative cash flows from
operations, and working capital and net capital deficiencies.
KPMG said it is not probable that the Company can remain in
compliance with the restrictive financial covenants in its bank
credit facilities.

At March 31, 2009, the Company had $49,981,000 in total assets;
$21,278,000 in total current liabilities, $1,152,000 in Long-term
capital lease obligations, and $3,861,000 in Deferred rent and
other non-current liabilities.


CLUB SUSHI: Case Summary & 18 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Club Sushi Restaurants LLC, an AZ LLC
           dba Club Sushi Hollywood
        6374 Sunset Bl.
        Los Angeles, CA 90028

Bankruptcy Case No.: 09-28299

Chapter 11 Petition Date: July 16, 2009

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Ernest M. Robles

Debtor's Counsel: Dennis E. Mcgoldrick, Esq.
            350 S Crenshaw Blvd, Suite A207B
            Torrance, CA 90503
            Tel: (310) 328-1001
            Email: dmcgoldricklaw@yahoo.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A full-text copy of the Debtor's petition, including a list of its
18 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/cacb09-28299.pdf

The petition was signed by Gregory Alan, managing member of the
Company.


COINMACH SERVICE: S&P Downgrades Corporate Credit Rating to 'B-'
----------------------------------------------------------------
On July 21, 2009, Standard & Poor's Ratings Services said that it
lowered its ratings on Coinmach Service Corp., including the long-
term corporate credit rating to 'B-' from 'B'.  The outlook is
negative.

"The ratings on CSC reflect its very highly leveraged financial
profile and near-term potential for declining liquidity due to
tightening financial covenants and negative free cash flows,
despite a currently ample cash balance," said Standard & Poor's
credit analyst Christopher Johnson.  "The negative outlook
reflects S&P's concerns about the company's ability to maintain
compliance with its financial covenants over the near term, and
the company's continued negative free cash flow generation."
Offsetting these negative factors are the company's relatively
stable and predictable operating earnings.

CSC, through its operating company Coinmach Corp., is the leading
supplier of outsourced laundry services for multifamily housing
properties in the highly fragmented North American market, with a
strong presence in the Northeast, Mid-Atlantic, Southwest, and
Southeast regions.  S&P believes the long-term renewable nature of
lease contracts provides a barrier to market entry which, together
with the relatively constant demand and somewhat recession-
resistant nature of its services, has provided CSC with a
relatively stable revenue stream.

S&P could lower the ratings further in the very near term if the
company fails to comply with its financial covenants.  S&P
estimates the company could breach its net debt to EBITDA covenant
in the coming quarters if EBITDA were to decline by less than 5%
on a trailing 12 month basis.  Although unlikely over the next
year, S&P would consider a stable outlook if the company is able
to reduce leverage and restore sufficient cushion on its financial
covenants.


COMED FINANCING: Fitch Ratings Termination of Exelon-NRG Deal
-------------------------------------------------------------
The 'BBB+' Issuer Default Ratings and senior unsecured debt
ratings of Exelon Corp. and its wholesale electric generation
subsidiary Exelon Generation Company, LLC, are affirmed and
removed from Rating Watch Negative by Fitch Ratings following the
termination of an offer to acquire NRG Inc. (IDR rated 'B', Rating
Watch Evolving by Fitch).  The Rating Outlook for each entity is
Stable.

In Fitch's view, ending the pursuit of NRG is favorable for EXC's
credit quality.  It eliminates the prospect of a substantial
increase in leverage that would have resulted from completing the
transaction and assuming approximately $8.8 billion of NRG debt
and preferred stock.  On a standalone basis both EXC and Exgen
have healthy credit profiles that are strong within their rating
category.  As of March 31, 2009, EXC's ratio of debt to EBITDA was
below 2.0 times (x) and Exgen's below 1.0x.  Other credit metrics
were equally strong.

EXC terminated the offer after a proxy vote in which NRG
shareholders voted to reelect all of the company's director
nominees.  None of the four directors nominated by EXC to run in
opposition to the incumbent directors were elected.  An EXC
resolution to increase the size of the NRG board to 19 directors
from 14 directors was also defeated.

These ratings are affirmed and removed from Ratings Watch
Negative, where they were originally placed on October 20, 2008,
and are assigned a Stable Ratings Outlook:

Exelon Corp.

  -- IDR at 'BBB+';
  -- Senior unsecured debt at 'BBB+'
  -- Commercial paper at 'F2';
  -- Short-term IDR at 'F2'.

Exelon Generation Co., LLC

  -- IDR at 'BBB+';
  -- Senior unsecured debt at 'BBB+'
  -- Commercial paper at 'F2';
  -- Short-term IDR at 'F2'.

These ratings are unaffected:

PECO Energy Co.

  -- IDR 'BBB+';
  -- First mortgage bonds 'A';
  -- Preferred stock 'BBB+';
  -- Commercial paper 'F2';
  -- Short-term IDR 'F2'.

PECO Energy Capital Trusts III

  -- Preferred stock 'BBB+'.

PECO Energy Capital Trusts IV

  -- Preferred stock 'BBB+'.

Commonwealth Edison Co.

  -- IDR 'BB+';
  -- First mortgage bonds 'BBB';
  -- Senior unsecured debt 'BBB-';
  -- Preferred stock 'BB';
  -- Commercial paper 'B'.

ComEd Financing Trust III

  -- Preferred securities 'BB'.


COMMONWEALTH EDISON: Fitch Ratings Unaffected by NRG Buyout Halt
----------------------------------------------------------------
The 'BBB+' Issuer Default Ratings and senior unsecured debt
ratings of Exelon Corp. and its wholesale electric generation
subsidiary Exelon Generation Company, LLC, are affirmed and
removed from Rating Watch Negative by Fitch Ratings following the
termination of an offer to acquire NRG Inc. (IDR rated 'B', Rating
Watch Evolving by Fitch).  The Rating Outlook for each entity is
Stable.

In Fitch's view, ending the pursuit of NRG is favorable for EXC's
credit quality.  It eliminates the prospect of a substantial
increase in leverage that would have resulted from completing the
transaction and assuming approximately $8.8 billion of NRG debt
and preferred stock.  On a standalone basis both EXC and Exgen
have healthy credit profiles that are strong within their rating
category.  As of March 31, 2009, EXC's ratio of debt to EBITDA was
below 2.0 times (x) and Exgen's below 1.0x.  Other credit metrics
were equally strong.

EXC terminated the offer after a proxy vote in which NRG
shareholders voted to reelect all of the company's director
nominees.  None of the four directors nominated by EXC to run in
opposition to the incumbent directors were elected.  An EXC
resolution to increase the size of the NRG board to 19 directors
from 14 directors was also defeated.

These ratings are affirmed and removed from Ratings Watch
Negative, where they were originally placed on October 20, 2008,
and are assigned a Stable Ratings Outlook:

Exelon Corp.

  -- IDR at 'BBB+';
  -- Senior unsecured debt at 'BBB+'
  -- Commercial paper at 'F2';
  -- Short-term IDR at 'F2'.

Exelon Generation Co., LLC

  -- IDR at 'BBB+';
  -- Senior unsecured debt at 'BBB+'
  -- Commercial paper at 'F2';
  -- Short-term IDR at 'F2'.

These ratings are unaffected:

PECO Energy Co.

  -- IDR 'BBB+';
  -- First mortgage bonds 'A';
  -- Preferred stock 'BBB+';
  -- Commercial paper 'F2';
  -- Short-term IDR 'F2'.

PECO Energy Capital Trusts III

  -- Preferred stock 'BBB+'.

PECO Energy Capital Trusts IV

  -- Preferred stock 'BBB+'.

Commonwealth Edison Co.

  -- IDR 'BB+';
  -- First mortgage bonds 'BBB';
  -- Senior unsecured debt 'BBB-';
  -- Preferred stock 'BB';
  -- Commercial paper 'B'.

ComEd Financing Trust III

  -- Preferred securities 'BB'.


COMPSEC ELECTRIC: Case Summary & 12 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Compsec Electric Corp.
           dba Compsec Electric Corporation
        2701 41st Avenue
        Long Island City, NY 11101

Bankruptcy Case No.: 09-46053

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Dennis E. Milton

Debtor's Counsel: David J. Doyaga, Esq.
            Doyaga & Schaefer
            26 Court Street, Suite 1002
            Brooklyn, NY 11242
            Tel: (718) 488-7500
            Fax: (718) 488-7505
            Email: david.doyaga@verizon.net

Total Assets: $899,019

Total Debts: $1,583,665

A full-text copy of the Debtor's petition, including a list of its
12 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/nyeb09-46053.pdf

The petition was signed by Joe Zago, president and sole share
owner of the Company.


CRUSADER ENERGY: Can Employ James Latimer and Blackhill as CRO
--------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas has
approved the employment of James R. Latimer, III, and Blackhill
Partners LLC as chief restructuring officer for Crusader Energy
Group Inc., et al.

As CRO, Mr. Latimer will:

  a) oversee and facilitate the process of seeking strategic
     sale, reorganization, or recapitalization options;

  b) report, and make recommendations, to the Board of Directors
     of the Debtors and/or CRO Committee of the Board, as
     appropriate with respect to said options which in the
     judgment of the CRO represent a prudent and value
     maximizing option for the Debtors; and

  c) provide such other services as are determined by the Board
     or CRO Committee to be necessary or desirable for the
     Debtors in maximizing value for their stakeholders.

Blackhill will be paid advisory fees based on the hourly rates of
its professionals:

     Principals          $300 to $350
     Associates          $150 to $200

If the CRO's service is terminated without cause, Debtor will,
upon said termination, pay to Blackhill a termination fee in an
amount of not more than $25,000.

James R. Latimer, III, a managing diretor at Blackhill Partners,
assures the Court that the firm does not hold or represent any
interest adverse to the Debtors or their estate, and is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

Based in Oklahoma City, Oklahoma, Crusader Energy Group Inc. --
http://www.ir.crusaderenergy.com/-- explores, develops and
acquires oil and gas properties, primarily in the Anadarko Basin,
Williston Basin, Permian Basin, and Fort Worth Basin in the United
States.  It has working interests in more than 1,000 wells.

Crusader Energy and its affiliates filed for Chapter 11
protection on March 30, 2009 (Bankr. N.D. Tex. Lead Case No.
09-31797).  The Debtors' financial condition as of September 30,
2008, showed total assets of $749,978,331 and total debts of
$325,839,980.

Beth Lloyd, Esq., Richard H. London, Esq., and William Louis
Wallander, Esq., at Vinson & Elkins, L.L.P., represent the Debtors
as counsel.  Holland N. Oneil, Esq., Michael S. Haynes, Esq., and
Richard McCoy Roberson, Esq., at Gardere, Wynne & Sewell,
represent the official committee of unsecured creditors as
counsel.


CRUSADER ENERGY: Deadline to Remove Actions Extended to Sept 26
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas has
extended the period within which Crusader Energy Group Inc., et
al., may remove civil actions pursuant to Rule 9027(a)(2)(A) of
the Federal Rules of Bankruptcy Procedure through and including
September 26, 2009.

Based in Oklahoma City, Oklahoma, Crusader Energy Group Inc. --
http://www.ir.crusaderenergy.com/-- explores, develops and
acquires oil and gas properties, primarily in the Anadarko Basin,
Williston Basin, Permian Basin, and Fort Worth Basin in the United
States.  It has working interests in more than 1,000 wells.

Crusader Energy and its affiliates filed for Chapter 11
protection on March 30, 2009 (Bankr. N.D. Tex. Lead Case No.
09-31797).  The Debtors' financial condition as of September 30,
2008, showed total assets of $749,978,331 and total debts of
$325,839,980.

Beth Lloyd, Esq., Richard H. London, Esq., and William Louis
Wallander, Esq., at Vinson & Elkins, L.L.P., represent the Debtors
as counsel.  Holland N. Oneil, Esq., Michael S. Haynes, Esq., and
Richard McCoy Roberson, Esq., at Gardere, Wynne & Sewell,
represent the official committee of unsecured creditors as
counsel.


DANTAM INC: Case Summary & 13 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Dantam, Inc.
           dba Holiday Lanes Family Recreation Center
        945 Trout Dr
        Mansfield, OH 44903

Bankruptcy Case No.: 09-62908

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Northern District of Ohio (Canton)

Judge: Russ Kendig

Debtor's Counsel: Marc Merklin, Esq.
            Brouse McDowell, LPA
            388 S. Main Street, Suite 500
            Akron, OH 44311
            Tel: (330) 535-5711
            Fax: (330) 253-8601
            Email: mmerklin@brouse.com

Total Assets: $447,897

Total Debts: $1,662,044

A full-text copy of the Debtor's petition, including a list of its
13 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/ohnb09-62908.pdf

The petition was signed by Michael Szerwinski, president of the
Company.


DAVID BERRY: Case Summary 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: David W. Berry, Sr.
           dba Berry Construction
           dba Berry Transportation
        106 Coes Hill Road
        Southwick, MA 01077

Bankruptcy Case No.: 09-31231

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       District of Massachusetts (Springfield)

Judge: Henry J. Boroff

Debtor's Counsel: James P. Ehrhard, Esq.
                  Ehrhard & Associates, P.C.
                  418 Main Street, 4th Floor
                  Worcester, MA 01608
                  Tel: (508) 791-8411
                  Email: ehrhard@ehrhardlaw.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's 20 largest unsecured creditors is
available for free at:

          http://bankrupt.com/misc/mab09-31231.pdf

The petition was signed by David W. Berry Sr.


DAYTON SUPERIOR: Panel Can Hire Morris Nichols as Del. Counsel
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware has granted
the official committee of unsecured creditors of Dayton Superior
Corporation permission to employ Morris, Nichols, Arsht & Tunnell
LLP as its Delaware co-counsel, nunc pro tunc to April 30, 2009.

As Delaware co-counsel, Morris Nichols will:

  -- advise the Committee with respect to its rights, duties, and
     powers in this case;

  -- assist and advise the Committee in its consultations and
     negotiations with the Debtor relative to the administration
     of this case; and

  -- assist the Committee in analyzing the claims of the Debtors'
     creditors and in negotiating with said creditors.

Robert J. Dehney, Esq., a member at Morris Nichols, assures the
Cout that the firm does not hold or represent any interest adverse
to the Debtor or its estate, and that the firm is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

Current hourly rates of Morris Nichols' professionals are:

     Partners                $480-$800
     Associates              $265-$445
     Paraprofessionals       $190-$245
     Case Clerks               $125

Morris Nichols may be reached at:

     Morris, Nichols, Arsht & Tunnell LLP
     1201 N. Market Street, 18th Floor
     P.O. Box 1347
     Wilmington, DE 19899-1347
     Tel: (302) 658-9200
     Fax: (302) 658-3989

Headquartered in Dayton, Ohio, Dayton Superior Corporation --
http://www.daytonsuperior.com/-- makes and distributes
construction products.  Aztec Concrete Accessories Inc., Dayton
Superior Specialty Chemical Corporation, Dur-O-Wa Inc., Southern
Construction Products Inc., Symons Corporation and Trevecca
Holdings Inc. were merged with the Company on December 31, 2004.
The Company filed for Chapter 11 protection on April 19, 2009
(Bankr. D. Del. Case No. 09-11351).  Keith A. Simon, Esq., Jude M.
Gorman, Esq., and Joseph S. Fabiani, Esq., at Latham & Watkins LLP
serve as the Debtors' bankruptcy counsel..  Russell C.
Silberglied, Esq., John H. Knight, Esq., Paul N. Heath, Esq., and
Lee E. Kaufman, Esq., at Richards, Layton & Finger, P.A., serve as
Delaware counsel.  Dayton Superior had $288,709,000 in assets and
$405,867,000 in debts as of February 27, 2009.


DAYTON SUPERIOR: Time to File Removal of Civil Actions Extended
---------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware has
extended the time provided by Federal Rule of Bankruptcy Procedure
9027 within which Dayton Superior Corporation may file notices of
removal of civil actions to which it is a party or may become a
party, through and including September 15, 2009.

Headquartered in Dayton, Ohio, Dayton Superior Corporation --
http://www.daytonsuperior.com/-- makes and distributes
construction products.  Aztec Concrete Accessories Inc., Dayton
Superior Specialty Chemical Corporation, Dur-O-Wa Inc., Southern
Construction Products Inc., Symons Corporation and Trevecca
Holdings Inc. were merged with the Company on December 31, 2004.
The Company filed for Chapter 11 protection on April 19, 2009
(Bankr. D. Del. Case No. 09-11351).  Keith A. Simon, Esq., Jude M.
Gorman, Esq., and Joseph S. Fabiani, Esq., at Latham & Watkins LLP
serve as the Debtors' bankruptcy counsel..  Russell C.
Silberglied, Esq., John H. Knight, Esq., Paul N. Heath, Esq., and
Lee E. Kaufman, Esq., at Richards, Layton & Finger, P.A., serve as
Delaware counsel.  Dayton Superior had $288,709,000 in assets and
$405,867,000 in debts as of February 27, 2009.


DCNC NORTH: Unable to Reorganize, Case Is Dismissed
---------------------------------------------------
WestLaw reports that Chapter 11 cases that were filed by single
asset real estate debtors on the eve of a deed of trust lender's
foreclosure on its trust deeds could not be dismissed as not
having been filed in "good faith," given evidence that, when the
petitions were filed, prior to entry of an order dismissing the
debtors' state court lender liability claims, the debtors had a
reasonable belief not only that they could develop their
properties and ultimately sell them for a sum sufficient to
satisfy all claims, but that they might either succeed in
compelling the lender to provide development financing or, at very
least, succeed in reducing its claims and in thereby facilitating
their reorganization through the development of the subject
properties.  However, dismissal of the lender liability claims and
the lender's ability to block acceptance of any plan proposed by
the unsecured class warranted dismissal based on the debtors'
"inability to effectuate a plan."  In re DCNC North Carolina I,
LLC, --- B.R. ----, 2009 WL 2038123 (Bankr. E.D. Pa.).

DCNC North Carolina I, L.L.C., filed for chapter 11 protection
(Bankr. E.D. Pa. Case No. 09-11825), represented by Leslie Beth
Baskin, Esq., at Spector Gadon Rosen, in Philadelphia, and
estimating assets and debts of $1 million to $10 million.


DELPHI CORP: PBGC to Assume Underfunded Pension Plan
----------------------------------------------------
The Pension Benefit Guaranty Corporation will assume
responsibility for the pension plans of 70,000 workers and
retirees of Delphi Corp., the nation’s largest producer of
automotive parts.  The PBGC will initiate action to become trustee
of the plans, a process that could last up to several months.

The PBGC is stepping in to protect the Delphi pensions because the
restructuring Delphi cannot afford to maintain its pension plans
and General Motors has stated it will not assume them.  Delphi was
spun off from GM in 1999.

Since Delphi entered bankruptcy protection in 2005, the PBGC has
worked intensively with Delphi, GM and other stakeholders to keep
the pension plans ongoing.  In September 2008 GM took on
approximately $2.5 billion in liabilities of the Delphi Hourly
Plan, and until its recent restructuring in bankruptcy, GM had
been expected to assume the entire obligation for the hourly plan.
Delphi sponsors six defined benefit plans for its workers. The
Delphi Hourly Pension Plan covers 47,000 participants and has
about $3.7 billion in assets and more than $8 billion in
liabilities, according to PBGC estimates.  The PBGC expects to be
responsible for about $4 billion of the plan's shortfall of nearly
$4.4 billion.

The Delphi Salaried Pension Plan covers about 20,000 workers and
retirees, and has $2.4 billion in assets and liabilities of $5
billion, according to PBGC estimates.  The PBGC expects to be
responsible for about $2.2 billion of its estimated $2.6 billion
in underfunding.

In addition, the agency will be responsible for $50 million in
underfunding of four smaller Delphi plans with 2,000 participants.
These plans are the ASEC Manufacturing Retirement Program; Delphi
Mechatronic Systems Retirement Program; Packard-Hughes
Interconnect Bargaining Retirement Plan; and Packard-Hughes
Interconnect Non-Bargaining Retirement Plan.

The PBGC will pay pension benefits up to the limits set by law.
In 2009, the maximum benefit for a 65-year-old is $54,000 per
year.   The maximum is lower for those who retire earlier or elect
survivor benefits. In addition, certain early retirement subsidies
and supplements are generally not insured, and benefit increases
made within the past five years may not be fully guaranteed.
The PBGC insures defined-benefit pension plans, and pays benefits
earned in those plans up to legal limits.  The PBGC does not
insure pension benefits above the legal limits, health benefits or
other types of employee benefits.  Workers and retirees with
questions about non-insured benefits offered by Delphi or
guaranteed by General Motors should contact those companies.
Answers to frequently asked questions from Delphi workers and
retirees, as well as general PBGC information and an introductory
video may be found on the Auto Sector Information page on the PBGC
Web site, http://www.pbgc.gov/ Delphi workers with questions may
also call toll-free at 1-800-400-7242.  For TTY/TDD users, call
the federal relay service toll-free at 1-800-877-8339 and ask for
800-400-7242.

Until the PBGC becomes trustee, the pension plans will remain
ongoing under company sponsorship. The agency will send
notification letters to all plan participants when it becomes
trustee. Retirees and beneficiaries will continue to receive their
monthly benefit checks without interruption, and other workers
will receive their pensions when they are eligible to retire.
Delphi retirees who draw a benefit from the PBGC may be eligible
for the federal Health Coverage Tax Credit.

Assumption of the plans' unfunded liabilities will increase the
PBGC's claims by approximately $3.5 billion, as the claim was
previously included at a lower estimated amount in the agency's
fiscal year 2008 financial statements, in accordance with
generally accepted accounting principles.

The PBGC is a federal corporation created under the Employee
Retirement Income Security Act of 1974.  It currently guarantees
payment of basic pension benefits earned by 44 million American
workers and retirees participating in over 29,000 private-sector
defined benefit pension plans. The agency receives no funds from
general tax revenues. Operations are financed largely by insurance
premiums paid by companies that sponsor pension plans and by
investment returns.

                         About Delphi Corp

Based in Troy, Michigan, Delphi Corporation (PINKSHEETS: DPHIQ)
-- http://www.delphi.com/-- is a global supplier of mobile
electronics and transportation systems, including powertrain,
safety, steering, thermal, and controls & security systems,
electrical/electronic architecture, and in-car entertainment
technologies.  Delphi technology is also found in computing,
communications, consumer accessories, energy and medical
applications.  Delphi has approximately 146,600 employees and
operates 150 wholly owned manufacturing sites in 34 countries with
sales of $18.1 billion in 2008.

The Company filed for Chapter 11 protection on October 8, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-44481).  John Wm. Butler Jr.,
Esq., John K. Lyons, Esq., and Ron E. Meisler, Esq., at Skadden,
Arps, Slate, Meagher & Flom LLP, represent the Debtors in their
restructuring efforts.  Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., and Mark A. Broude, Esq., at Latham & Watkins LLP,
represent the Official Committee of Unsecured Creditors.  As of
June 30, 2008, the Debtors' balance sheet showed US$9,162,000,000
in total assets and US$23,742,000,000 in total debts.

The Court approved Delphi's First Amended Joint Disclosure
Statement and related solicitation procedures for the
solicitation of votes on the First Amended Plan on December 20,
2007.  The Court confirmed the Debtors' First Amended Plan on
January 25, 2008.  The Plan has not been consummated after a group
led by Appaloosa Management, L.P., backed out from their
proposal to provide US$2,550,000,000 in equity financing to
Delphi.

Bankruptcy Creditors' Service, Inc., publishes Delphi Bankruptcy
News.  The newsletter tracks the Chapter 11 proceedings of Delphi
Corp. and its debtor-affiliates.  (http://bankrupt.com/newsstand/
or 215/945-7000)


DENNIS CONNOR: Case Summary & 3 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Dennis M. Connor
        219 Sugartown Road
        Apt. P301
        Wayne, PA 19087

Bankruptcy Case No.: 09-15263

Chapter 11 Petition Date: July 18, 2009

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Bruce I. Fox

Debtor's Counsel: Ellen M. Mcdowell, Esq.
            Mcdowell Riga Pc
            46 West Main Street
            Maple Shade, NJ 08052
            Tel: (856) 482-5544
            Fax: (856) 482-5511
            Email: emcdowell@mrattorneys.com

Total Assets: $1,497,622

Total Debts: $1,498,350

A full-text copy of Mr. Connor's petition, including a list of his
3 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/paeb09-15263.pdf

The petition was signed by Mr. Connor.


DEVELOPERS DIVERSIFIED: Working on Bond Sales to Raise $600MM
-------------------------------------------------------------
Lingling Wei at The Wall Street Journal reports that Developers
Diversified Realty Corp. is working on raising $600 million
through two bond sales.

According to The Journal, the bond sales are on track to be the
first major offerings of commercial-mortgage-backed securities
that will take advantage of the Term Asset-Backed Securities Loan
Facility, or TALF, program, which is designed to jump-start
lending by increasing investor demand for securities tied to all
kinds of assets, including consumer and commercial loans.

The Journal states that the two deals will likely be made up of
only triple-A-rated bonds, the ones eligible for TALF funding.
Developers Diversified, The Journal says, hopes to use the
proceeds to refinance maturing mortgages and generate new capital
through the deals led by Goldman Sachs Group Inc. and Citigroup
Inc.

Developers Diversified hopes to borrow more than $600 million
against two pools of assets -- valued at $800 million each -- that
consist of some 60 shopping centers across the country, according
to The Journal.

The TALF program is "helpful for us and very important to help
restart one of the important means of financing," The Journal
quoted Developers Diversified chief investment officer David Oakes
as saying.

Based in Beachwood, Ohio, Developers Diversified Realty
Corp. (NYSE: DDR) -- http://www.ddr.com/-- owns and manages over
740 retail operating and development properties in 45 states, plus
Puerto Rico, Brazil, Russia and Canada, totaling over 160 million
square feet.  Developers Diversified Realty is a self-administered
and self-managed real estate investment trust operating as a fully
integrated real estate company which acquires, develops, leases
and manages shopping centers.

                          *     *     *

As reported by the Troubled Company Reporter on May 21, 2009,
Fitch Ratings downgraded Developers Diversified Realty
Corporation's Issuer Default Rating to 'BB' with a Negative Rating
Outlook.

According to the TCR on April 6, 2009, Standard & Poor's Ratings
Services lowered its corporate credit rating on Developers
Diversified Realty Corp. to 'BB' from 'BBB-'.  S&P also lowered
its ratings on the company's unsecured debt to 'BB+' from 'BBB-'
and on its preferred stock to 'B' from 'BB' and removed all of the
ratings from CreditWatch, where they were placed on March 6, 2009.
At the same time, S&P assigned a recovery rating of '2' to the
company's senior unsecured debt, indicating S&P's expectation of a
substantial recovery (70%-90%) in the event of a payment default.
S& said that the outlook on DDR is negative.

The TCR reported on March 13, 2009, that Moody's Investors Service
downgraded to Baa3 from Baa2 the senior unsecured debt rating of
Developers Diversified Realty Corporation.  The rating agency also
downgraded DDR's preferred stock rating to Ba1 from Baa3.  The
rating outlook remains negative.


DOMINO'S PIZZA: June 14 Balance Sheet Upside-Down by $1.37 Billion
------------------------------------------------------------------
Domino's Pizza, Inc., reports that as at June 14, 2009, the
Company had $461.9 million in total assets; $158.8 million in
total current liabilities and $1.67 billion in total long-term
liabilities, resulting in $1.37 billion in stockholders' deficit.

Domino's Pizza posted net income of $14,527,000 for the fiscal
quarter ended June 14, 2009, compared to $18,730,000 for the
fiscal quarter ended June 15, 2008.  It posted net income of
$38,297,000 for the two fiscal quarters ended June 14, 2009,
compared to net income of $32,849,000 for the two fiscal quarters
ended June 15, 2008.

Domino's Pizza reports that for the second quarter ended June 14,
2009, domestic same store sales were down 0.7% and international
same store sales grew 4.1%.  The international division continued
its strong performance, posting its 62nd consecutive quarter of
same store sales growth.  Net income as-reported was down 22.4%
versus the prior year, due primarily to the negative impacts of
foreign currency, gains on the sale of Company-owned stores in
2008 and expenses incurred in connection with changes made to the
Company's stock option plans, offset in part by gains on the
extinguishment of debt.

As of June 14, 2009, the Company had:

     -- approximately $1.65 billion in total debt,
     -- $61.7 million of unrestricted cash and cash equivalents,
     -- $21.3 million of borrowings under its $60.0 million
        variable funding note facility,
     -- $6.0 million of available borrowings under its variable
        funding note facility, and
     -- letters of credit issued under the variable funding note
        facility of $32.7 million.

Subsequent to the second quarter of 2009, Domino's Pizza LLC, a
wholly-owned subsidiary of the Company, entered into a Letter of
Credit Agreement, pursuant to which the counterparty will issue,
at DPL's request, up to $50.0 million of standby letters of credit
for the account of DPL and its subsidiaries.  Pursuant to the L/C
Agreement, DPL will maintain a cash collateral account holding an
amount equal to 105% of any outstanding letters of credit and pay
to the counterparty quarterly commitment fees of 0.375% per annum
of the unused portion of the commitment and quarterly letter of
credit fees of 0.75% per annum of the undrawn face amount of any
outstanding letters of credit.  Subsequent to the second quarter
of 2009, the counterparty issued $33.5 million of standby letters
of credit and the Company restricted an additional $35.2 million
of cash on its consolidated balance sheet as collateral for these
outstanding letters of credit.

As a result of and concurrent with the L/C Agreement, the Company
terminated substantially all of its pre-existing letters of credit
which provided additional availability under its variable funding
notes.  Subsequent to the second quarter of 2009, the Company
borrowed an additional $35.1 million on the variable funding notes
and currently has no borrowings available on the $60.0 million
facility.

The Company's cash borrowing rate for the second quarter of 2009
was 6.1%.  The Company incurred $9.4 million in capital
expenditures during the first two quarters of 2009 versus
$7.0 million in the first two quarters of the prior year.

                          Debt Repurchase

During the second quarter, the Company repurchased and retired
$25.0 million of principal of its outstanding fixed rate senior
notes; and roughly $68.3 million for the first two quarters of
2009, for a total purchase price of roughly $12.3 million and
$34.6 million, respectively, including $200,000 and $0.5 million
of accrued interest for each of the periods.  The activities
resulted in pre-tax gains of roughly $12.9 million in the second
quarter and $34.1 million in the first two quarters of 2009.

Subsequent to the second quarter of 2009, the Company repurchased
and retired $20.0 million of additional principal of its
outstanding fixed rate senior notes for a total purchase price of
approximately $15.6 million, including $200,000 of accrued
interest, resulting in a pre-tax gain of roughly $4.6 million
which will be recorded in the third quarter of 2009.  The Company
has classified the $20.0 million of outstanding fixed rate senior
notes as a current liability in the consolidated balance sheet as
of June 14, 2009.

                     Stock Option Plan Changes

The Company's shareholders approved a stock option exchange
program at the 2009 Annual Meeting of Shareholders, held April 28,
2009, and the Company executed the program during the second
quarter of 2009.  The incremental value to the option holders
created as a result of the modification will be recognized as
additional compensation expense over the remaining service period.
This amount has been calculated to be approximately $1.3 million
(after-tax), of which approximately $600,000 (after-tax) was
recognized during the second quarter of 2009.

The Company's Board of Directors authorized management to amend
existing stock option agreements to allow for accelerated vesting
and extended exercise periods upon the retirement of option
holders who have achieved specified service and age requirements.
The amended terms of the relevant stock option agreements became
effective in the second quarter of 2009.  The incremental value to
option holders created as a result of the modification will be
recognized as additional compensation expense over the remaining
service period.  This amount has been calculated to be
approximately $300,000 (after-tax), of which roughly $200,000
(after-tax) was recognized during the second quarter of 2009.

The Company is required to accelerate previously unrecognized
compensation expense that it would have been required to expense
in future periods for these stock options.  This resulted in the
acceleration of approximately $2.1 million (after-tax) of
compensation expense in the second quarter of 2009 for certain
employees who elected to receive the aforementioned amendment and
who will meet the specified service and age requirements prior to
the original vesting date.  The $2.1 million (after-tax) of
compensation expense recognized in the second quarter of 2009 was
not incremental expense, but merely an acceleration of expense
that would have been recognized in future periods.

David A. Brandon, Domino's Chairman and Chief Executive Officer,
said: "I'm putting this quarter in the "win" column for Domino's
Pizza. I'm proud of my team and our accomplishment of emerging as
a leader during tough times.  Our franchisees are engaged and have
embraced the expansion of our products and day parts.  The
predictability of our model continues to be a plus in an
unpredictable landscape."

Mr. Brandon added, "Our international business continues to thrive
despite the dampening effect of foreign exchange.  We are driving
positive sales at a robust rate . . . and we've done so for more
than the past fifteen years.  We are consistently opening new
stores and new markets, driving future growth for Domino's Pizza."

A full-text copy of the Company's quarterly report is available at
no charge at http://ResearchArchives.com/t/s?3fc1

                       About Domino's Pizza

Headquartered in Ann Arbor, Michigan, Domino's Pizza Inc. is the
number one pizza delivery company in the United States and has a
leading international presence.  The Company operates through a
network of Company-owned stores, all of which are in the United
States, and franchise stores located in all 50 states and in more
than 60 countries.  In addition, Domino's Pizza operates regional
dough manufacturing and supply chain centers in the United States
and Canada.


DOMINO'S PIZZA: Panel Approves New Form of Stock Option Agreements
------------------------------------------------------------------
Domino's Pizza, Inc., reports that on July 15, 2008, its
Compensation Committee approved a new form of Non-Qualified Stock
Option Agreement for executive officers under the Domino's Pizza,
Inc. 2004 Equity Incentive Plan.

The New Form Option Agreement is substantially similar to the
previous form of option agreement for executive officers under the
EIP, except that the New Form Option Agreement provides for a
three-year vesting period.

The Compensation Committee also approved the issuance of
performance-based restricted stock awards to executive officers
and directors of the Company and the issuance of performance-based
restricted stock unit awards to certain employees of the Company
through the following new forms of award agreements under the
Equity Incentive Plan:

   (1) Performance-Based Restricted Stock Agreement; and
   (2) Performance-Based Restricted Stock Unit Award Agreement.

The performance-based restricted stock awards have both time-based
and performance-based vesting conditions.  The awards provide for
a three-year vesting period with each vesting tranche also
requiring the achievement of certain applicable performance-based
conditions.

On July 16, 2009, these named executive officers each received the
number of stock options and shares of performance-based restricted
stock listed after their name:

     * J. Patrick Doyle, 60,000 stock options and 65,000 shares of
       performance-based restricted stock;

     * Wendy Beck, 30,000 stock options and 35,000 shares of
       performance-based restricted stock;

     * Michael Lawton, 30,000 stock options and 35,000 shares of
       performance-based restricted stock; and

     * L. David Mounts, 30,000 stock options and 40,000 shares of
       performance-based restricted stock.

The value of the equity awards granted to the named executive
officers on July 16 consistent with the value of long-term
compensation awards given to named executive officer in prior
years.  Historically, stock options have been the primary vehicle
for equity compensation of our executive officers.  The equity
awards differ from historical practice in that a portion of the
equity component of our management compensation is now awarded in
performance-based restricted stock as an attempt to diversify the
types of awards but not the overall value.

Headquartered in Ann Arbor, Michigan, Domino's Pizza Inc. is the
number one pizza delivery company in the United States and has a
leading international presence.  The Company operates through a
network of Company-owned stores, all of which are in the United
States, and franchise stores located in all 50 states and in more
than 60 countries.  In addition, Domino's Pizza operates regional
dough manufacturing and supply chain centers in the United States
and Canada.


DONALD ERNEST BRANDT: Case Summary & 20 Largest Unsec. Creditors
----------------------------------------------------------------
Debtor: Donald Ernest Brandt
           dba Brandt Enterprises
           dba Wilbur Group
           dba Brandt And Father
        57 Chinook Drive
        Daleville, AL 36322

Bankruptcy Case No.: 09-08066

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Middle District of Tennessee (Nashville)

Judge: Keith M. Lundin

Debtor's Counsel: Steven L. Lefkovitz, Esq.
            Law Offices Lefkovitz & Lefkovitz
            618 Church St., Suite 410
            Nashville, TN 37219
            Tel: (615) 256-8300
            Fax: (615) 250-4926
            Email: Stevelefkovitz@aol.com

Total Assets: $2,038,659

Total Debts: $2,432,341

A full-text copy of Mr. Brandt's petition, including a list of his
20 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/tnmb09-08066.pdf

The petition was signed by Mr. Brandt.


DREIER LLP: Founder's Apartment Sold for $8.2MM at Auction
----------------------------------------------------------
Noeleen G. Walder at New York Law Journal says Marc S. Dreier's
3,000-square-foot luxury midtown Manhattan apartment in the
Bloomberg Building at One Beacon Court was sold at auction Tuesday
for $8.2 million, about $2 million less than the $10.43 million he
paid in 2007.

Forty-six bidders registered for the auction, according to the
report.  Peter Maltz at David R. Maltz & Co. served as auctioneer.

The report notes the winning bidder declined to identify himself.
A source told Law Journal said the buyer is Indian-born Ajit Jain,
head of the reinsurance business of Berkshire Hathaway Inc., who
has been touted as a possible successor to Warren Buffett at
Berkshire.

According to Ms. Walder, the sale of the condominium at 151 E.
58th St. came one week after Judge Jed S. Rakoff sentenced Mr.
Dreier to 20 years in prison for orchestrating a multiyear Ponzi
scheme that fleeced more than $400 million from clients of Dreier
LLP and investors to whom he sold bogus promissory notes.

Mr. Dreier, 59, spent his last weeks of freedom under the watch of
around-the-clock armed guards at the apartment, according to the
report.  Since his sentencing, he has been jailed at the
Metropolitan Correctional Center, pending assignment to a federal
prison, the report adds.

Marc Dreier founded New York-based law firm Dreier LLP --
http://www.dreierllp.com/-- in 1996.

On December 8, 2008, the U.S. Securities and Exchange Commission
filed a suit, alleging that Mr. Dreier made fraudulent offers and
sales of securities in several cities, selling fake promissory
notes to hedge and other private investment funds.  The SEC
asserted that Mr. Dreier also distributed phony financial
statements and audit opinions, and recruited accomplices in
connection with that scheme.  Mr. Dreier has been charged by the
U.S. government for conspiracy, securities fraud and wire fraud
before the U.S. District Court for the Southern District of New
York (Manhattan) (Case No. 09-cr-00085-JSR).

Dreier LLP filed for Chapter 11 on December 16, 2008 (Bankr. S.D.
N.Y., Case No. 08-15051).  Judge Robert E. Gerber handles the
case.  Stephen J. Shimshak, Esq., at Paul, Weiss, Rifkind, Wharton
& Garrison LLP, has been retained as counsel.  The Debtor listed
assets between $100 million and $500 million, and debts between
$10 million and $50 million in its filing.

Wachovia Bank National Association, Sheila M. Gowan as trustee for
Chapter 11 estate of Dreier LLP, and Steven J. Reisman as post-
confirmation representative of the bankruptcy estate of
360networks (USA) Inc. signed a petition that sent Mr. Dreier to
bankruptcy under Chapter 7 on January 26, 2009 (Bankr. S.D. N.Y.,
Case No. 09-10371).


EDGE SHARFF PROPERTIES: Case Summary & 15 Unsecured Creditors
-------------------------------------------------------------
Debtor: Edge Sharff Properties, LLP
          fdba Edge Sharff Properties Inc.2019 5th Street West
        Bradenton, FL 34205

Bankruptcy Case No.: 09-15614

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       Middle District of Florida (Ft. Myers)

Judge: Alexander L. Paskay

Debtor's Counsel: Sacha Ross, Esq.
            Grimes Goebel Grimes Hawkins, etal
            1023 Manatee Avenue West
            Bradenton, FL 34205
            Tel: (941) 748-0151
            Fax: (941) 748-0158
            Email: sross@grimesgoebel.com

Total Assets: $26,000

Total Debts: $8,586,164

A full-text copy of the Debtor's petition, including a list of its
15 largest unsecured creditors, is available for free at:

       http://bankrupt.com/misc/flmb09-15614.pdf

The petition was signed by Paul A. Sharff, vice-president of the
Company.


EDWARD LEE DURHAM: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Joint Debtors: Edward Lee Durham
               Sara Elizabeth Durham
                  aka Sara E. Bird
               2745 Bothwick Avenue
               Henderson, NV 89044

Bankruptcy Case No.: 09-22739

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Linda B. Riegle

Debtors' Counsel: Samuel A. Schwartz, Esq.
                  626 S Third St
                  Las Vegas, NV 89101
                  Tel: (702) 385-5544
                  Fax: (702) 385-2741
                  Email: sam@schwartzlawyers.com

Total Assets: $1,783,538

Total Debts: $3,075,269

A full-text copy of the Debtors' petition, including a list of
their 20 largest unsecured creditors, is available for free at:

     http://bankrupt.com/misc/nvb09-22739.pdf

The petition was signed by the Joint Debtors.


ENNIS LAND: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Ennis Land Development, Inc.
           fdba Ennis Land Development, LLC
        643 N Westwood St
        Porterville, CA 93257

Case No.: 09-16750

Chapter 11 Petition Date: July 17, 2009

Debtor-affiliate that filed separate Chapter 11 petition June 5,
2009:

        Entity                                     Case No.
        ------                                     --------
Ennis Enterprises 190, LLC                         09-15237

Debtor-affiliate that filed separate Chapter 11 petition February
2, 2009:

        Entity                                     Case No.
        ------                                     --------
Ennis Homes, Inc.                                  09-10848

Court: United States Bankruptcy Court
       Eastern District of California (Fresno)

Judge: Whitney Rimel

Debtor's Counsel: Hagop T. Bedoyan, Esq.
                  5260 N Palm Ave #217
                  Fresno, CA 93704
                  Tel: (559) 438-4374

Estimated Assets: $100,000,001 to $500,000,000

Estimated Debts: $100,000,001 to $500,000,000

The petition was signed by Brian Ennis, the Company's president.

Ennis Land's List of 20 Largest Unsecured Creditors:

  Entity                       Nature of Claim        Claim Amount
  ------                       ---------------        ------------
McMillin Land Development                             $552,378
111 S Johnson St
Visalla, CA 93291

P & G Communications Inc                              $40,033

Buckman-Mitchell Inc                                  $37,409

PG&E Development                                      $34,250

S & S Homes                                           $32,302

Landscape Development Inc                             $32,278

PG&E                                                  32,138

City of Dinuba                                        $30,274

City of Fresno                                        $17,963

McClard Masonry Inc                                   $14,802

Gill Reeves Co Inc                                    $8,964

Quad Knopf Inc                                        $8,705

Bakersfield Concrete LP                               $6,238

L & E Striping                                        $4,542

City of Clovis                                        $2,473

State Water Resources                                 $1,883

Cox Castle Nicolson                                   $815

City of Tulare                                        $398

Kenyon Plastering, Inc.                               Unknown

Mcintosh & Associates                                 Unknown


EZZATOLLAH FARIDI: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Joint Debtors: Ezzatollah Vahedi-Faridi
                  aka Edward Vahedi
                  aka Ed Faridi
                  aka Ed Vahedi
               Shirin Vahedi-Faridi
                  aka Sheri Vahedi-Faridi
                  aka Sheri Vahedi
                  aka Shirin Vahedi
               7 Scotts Moore Court
               Phoenix, MD 21131

Bankruptcy Case No.: 09-23132

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       District of Maryland (Baltimore)

Judge: James F. Schneider

Debtors' Counsel: Adam M. Freiman, Esq.
                  Sirody, Freiman & Feldman,P.C.
                  1777 Reisterstown Road, Suite 360 E
                  Baltimore, MD 21208
                  Tel: (410) 415-0445
                  Fax: (410) 415-0744
                  Email: afreiman@sfflegal.com

Total Assets: $2,407,423

Total Debts: $1,685,391

A full-text copy of the Debtors' petition, including a list of
their 20 largest unsecured creditors, is available for free at:

     http://bankrupt.com/misc/mdb09-23132.pdf

The petition was signed by the Joint Debtors.


FAIRVIEW APARTMENTS LLC: Voluntary Chapter 11 Case Summary
----------------------------------------------------------
Debtor: Fairview Apartments LLC
        8445 Springtree Drive
        Ft. Lauderdale, FL 33351

Bankruptcy Case No.: 09-24750

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Judge: John K. Olson

Debtor's Counsel: Ronald G. Neiwirth, Esq.
                  1395 Brickell Ave 14 Fl.
                  Miami, FL 33131
                  Tel: (305) 789-9200
                  Email: rgn@fowler-white.com

Total Assets: $6,750,000

Total Debts: $4,000,000

The Company says it does not have unsecured creditors who are non
insiders when they filed their petition.

The petition was signed by Constantin Ardelean, managing member of
the Company.


FIVE STAR LIMOUSINE: Case Summary & 20 Largest Unsec. Creditors
---------------------------------------------------------------
Debtor: Five Star Limousine Service, Inc.
        2340 Torrence Avenue
        Lynwood, IL 60411

Bankruptcy Case No.: 09-26027

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Susan Pierson Sonderby

Debtor's Counsel: Wade B. Arends, Esq.
            Arends & Callahan
            10129 S. Western Avenue
            Chicago, IL 60643
            Tel: (773) 298-1500
            Fax: (773) 445-7190
            Email: arendsandcallahan@gmail.com

Estimated Assets: $0 to $50,000

Estimated Debts: $1,000,001 to $10,000,000

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/ilnb09-26027.pdf

The petition was signed by Nick Mihlajevic, vice
president/secretary of the Company.


FIVE STAR PROPERTY: Case Summary & 20 Largest Unsec. Creditors
--------------------------------------------------------------
Debtor: Five Star Property Development, LLC
        PO Box 22469
        Portland, OR 97269

Bankruptcy Case No.: 09-35708

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       District of Oregon

Debtor's Counsel: J Stephen Werts, Esq.
            1001 Sw 5th Ave., #2000
            Portland, OR 97204
            Tel: (503) 224-3092
            Email: swerts@cablehuston.com

Estimated Assets: $0 to $50,000

Estimated Debts: $1,000,001 to $10,000,000

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/orb09-35708.pdf

The petition was signed by Lawrence Cornell, managing member of
the Company.


FLINTKOTE COMPANY: Supplemental Disc. Statement Hearing on July 27
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware has set a
hearing for July 27, 2009, at 9:15 a.m. to consider whether the
supplemental disclosure statement submitted by The Flintkote
Company and Flintkote Mines Limited, the official committee of
asbestos personal injury claimants, and the legal representative
for future asbestos claimants contains "adequate information"
sufficient to enable asbestos personal injury claimants whose
votes are being resolicited on the Plan to make an informed
judgment on the Plan and approving the supplemental disclosure
statement.  The Bankruptcy Court previously approved a disclosure
statement regarding the amended joint plan of reorganization
dated September 8, 2008.

As reported in the Troubled Company Reporter on July 8, 2009, the
plan proponents filed with the Bankruptcy Court a supplemental
disclosure statement in connection with the re-solicitation of
votes from holders of asbestos personal injury claims.

On June 22, 2009, the Debtors modified their Amended Joint Plan of
Reorganization, which was sent for voting in September 2008.  The
modifications affect only the Flintkote asbestos personal injury
claims under Class 7 and the mines asbestos personal injury claims
under Class 8.  As a result of these    modifications, all the
holders of asbestos personal injury claims are being asked to vote
again on the modified amended plan.

Other than the asbestos personal injury claims, the claims and
interests in the Debtors is identical to the treatment that was
provided to said claims and interests under the September 2008
plan.  As a result, holders of said claim will not vote anew on
the modified amended plan.

As proposed by Debtors to the Court, service of solicitation
packages will be made no later than August 7, 2009, and the
supplemental voting deadline by which ballots and master ballots
to accept or reject the modified amended plan must be received by
the voting agent will be September 21, 2009, at 5:00 p.m. Eastern
time.

                    Modifications to the Plan

A. Trust Distribution Procedures

   1. Change in Claims Payment Ratios

      The modified amended plan changes the claims payment
      ratio set forth in Section 2.5 of the Trust Distribution
      Procedures from the 88%/12% ratio contained in the
      original amended plan to an 80%/20% ratio.

   2. Change to Description of Valuation Factors to be
      Considered in Individual Review

      The modified amended plan changes the description of the
      valuation factors to be considered in Individual Review
      contained in Section 5.3(b)(2) of the trust distribution
      procedures to allow for consideration of results of cases
      in which a claimant's law firm has played a substantial
      role in the resolution of the cases even if the
      claimant's law firm was not the firm of record in such
      cases.

B. Litigation Neutrality and the Preservation of Third Party
   Causes of Action

   1. Changes to Litigation Neutrality Provisions

      In response to confirmation objections asserted by ITCAN
      that the original amended plan might impact upon the
      rights of co-insureds to shared insurance with the
      Debtors, the Plan Proponents have amended Section 12.3.2(b)
      of the Plan to clarify that the injunction set forth in
      12.3.2(b) of the Plan does not impair the rights of any co-
      insured of the Debtors (a) with respect to any Asbestos
      Insurance Policy or Asbestos Insurance Settlement Agreement
      or against any Asbestos Insurance Company and (b) as
      specified under any final order of the Bankruptcy Court
      approving an Asbestos Insurance Settlement Agreement.

   2. Changes to Preservation of Third Party Causes of Action

      The plan proponents have added language to Section 11.3
      of the modified amended plan to clarify that, on and
      after the Effective Date, Reorganized Flintkote may take
      any action to realize upon said claims, rights, or causes
      of action as it determines in accordance with its best
      interests and without Bankruptcy Court approval; provided
      that any determination to take action to realize upon
      said claim, right or cause of action related to the Third
      Party Causes of Action will require the consent of the
      Trustees or such other person as specified in the Trust
      Documents.

A full-text copy of the Supplementary Disclosure Statement dated
June 22, 2009, is available for free at:

      http://bankrupt.com/misc/flintkote.supplementalds.pdf

Headquartered in San Francisco, California, The Flintkote Company
is engaged in the business of manufacturing, processing and
distributing building materials.  Flintkote Mines Limited is a
subsidiary of Flintkote Company and is engaged in the mining of
base-precious metals.  The Flintkote Company filed for Chapter 11
protection on April 30, 2004 (Bankr. D. Del. Case No. 04-11300).
Flintkote Mines Limited filed for Chapter 11 relief of August 25,
2004 (Bankr. D. Del. Case No. 04-12440).  James E. O'Neill, Esq.,
Kathleen P. Makowswki, Esq., Laura Davis Jones, Esq., Sandra G.M,
Selzer, Esq., and Scotta Edelen McFarland, Esq., at Pachulski
Stang Ziehl & Jones LLP, represent the Debtors in their
restructuring efforts.  Kathleen Campbell Davis, Esq., and Mark T.
Hurford, Esq., at Campbell & Levine, LLC, represent the official
committee of unsecured creditors.

When Flintkote Company filed for protection from its creditors, it
listed more than $100 million each in assets and debts.  When
Flintkote Mines Limited filed for protection from its creditors,
it listed assets of $1 million to $50 million, and debts of more
than $100 million.


FORD MOTOR: Unveils Key Leadership Changes; 2 Execs Retire
----------------------------------------------------------
Ford Motor Company announced the retirement of two senior
executives and announced a series of key leadership changes that
further strengthen Ford's management team and support the
company's "One Ford" transformation plan.

Peter Daniel, 62, senior vice president and controller, Ford Motor
Company, is retiring effective October 1, after 38 years with
Ford.

Mr. Daniel joined Ford in 1971 and has held finance positions in
numerous markets, including Thailand, Japan, Taiwan, Australia,
Malaysia and Brazil.  Prior to his current assignment, he served
as controller of the Americas and president of Ford Asia Pacific
and Africa.

"Peter's financial expertise and leadership has been extremely
valuable for Ford. He deserves credit for his partnering with
operations to improve performance, helping Ford maintain a laser
focus on cash during a critical period for the company and for his
role in negotiating the landmark VEBA agreement with the UAW,"
said Alan Mulally, Ford president and CEO.

Darryl Hazel, 61, senior vice president and president, Ford
Customer Service Division, is retiring after 37 years with the
company.  He will serve as a special advisor to Ford on global
service initiatives through the end of the year.

Mr. Hazel joined Ford in 1972 and served in several senior level
marketing, sales and service roles, including president of Lincoln
Mercury division and president of Ford division.  He has been in
his current position since 2006.

"Darryl has been a truly distinguished marketing, sales and
service leader who is leaving a legacy of consistently delivering
strong results and mentoring future executives over the course of
four decades," Mr. Mulally said.

"We will miss Peter and Darryl but are very fortunate to have a
deep and talented management team poised to continue our progress
toward building an exciting and profitably growing Ford."

Succeeding Mr. Daniel will be Bob Shanks, 56, who currently is
vice president and controller of Ford's Americas operations.  Mr.
Shanks becomes vice president and controller, Ford Motor Company,
on September 1.  He will report to Lewis Booth, Ford executive
vice president and chief financial officer, and will work with
Daniel to ensure a seamless transition.

Mr. Shanks has been a corporate officer of Ford Motor Company
since July 2004, when he was elected vice president, Operations
Support, Finance and Strategy, Ford of Europe and Premier
Automotive Group.  Prior to that assignment, Shanks served as
chief financial officer for PAG, as well as for Mazda Motor
Corporation.  In addition to other finance positions within Ford's
North America, South America and Asia Pacific and Africa
operations, he led the business development activities in Ford's
Asia-Pacific operations.

"Bob brings a wealth of global experience and a proven track
record to an important job at a critical time for Ford and the
auto industry," Mr. Booth said.  "His leadership will be
invaluable as we continue to strengthen our balance sheet, reduce
costs and maximize our investment in more great new products
around the world."

Dave Schoch, 58, currently head of Canada, Mexico and South
America, will become controller, the Americas, effective
September 1. Schoch has held several key finance roles within
Ford's global operations, including chief financial officer of
both Ford of Europe and Ford Asia Pacific.  Mr. Schoch will report
to Mark Fields, Ford's president, The Americas, in his new role.

"Dave has done a great job further integrating our operations in
Canada, Mexico and South America, building on his many years of
successful leadership in Ford's finance operations around the
world," Mr. Fields said. "I am pleased to work with Dave as the
senior finance leader for all of The Americas."

Jim Farley, 47, group vice president, Global Marketing and Canada,
Mexico and South America operations, will continue his role as
Ford's global marketing leader, reporting to Alan Mulally.
Effective September 1, he adds leadership of Ford's operations in
Canada, Mexico and South America, reporting to Fields.

"Jim has made great progress connecting with our customers and
building a strong foundation for our success in North America,"
Mr. Mulally said.  "He will continue to lead marketing globally,
focusing on building the Ford brand around the world and working
closely with our product development organization on strategy and
planning.  Jim's experience and passion for our business will be
invaluable in his expanded role leading our Canada, Mexico and
South America operations."

Concurrent with Mr. Farley's expanded operational role, Ray Day,
vice president, Communications, now will report to Mulally.

Ken Czubay, 60, is appointed to the expanded role of vice
president, U.S. Marketing, Sales and Service.  He now reports to
Mr. Fields.

"Working together with Jim Farley, Ken's leadership of our U.S.
sales team has helped Ford deliver market share gains for seven of
the past eight months while at the same time reducing incentives,
improving transaction prices and growing resale values for our
customers," Mr. Fields said. "Ken now will build on those
achievements taking on leadership of our entire integrated sales,
marketing and service teams."

Reporting to Mr. Czubay and succeeding Mr. Hazel will be Frederiek
Toney, who is elected vice president, Ford Customer Service
Division and a corporate officer of Ford Motor Company, effective
September 1.

Mr. Toney, 53, joined Ford in 2000 after a career at Caterpillar
and Honda.  He has served as director, North American logistics,
FCSD; director, North American operations, Material Planning and
Logistics; and director, global parts supply and logistics, FCSD.
He was named to his current position, executive director, Material
Planning and Logistics in November 2005.

"Frederiek is an excellent choice to succeed me and I am confident
that he will continue to deliver strong results for FCSD," Mr.
Hazel said.  "I have had the opportunity to work closely with
Frederiek and watch him develop as a very strong leader."

Mr. Fields said The Americas team is well positioned to build on
the progress of the past three years.

"We are proud to have a team of proven leaders who will help us
continue the strong progress we are making in the Americas," Mr.
Fields said.  "In the most severe economic downturn in decades, we
are introducing an unprecedented number of great new products,
winning new customers and fixing the fundamentals of the business
for the long term.  This new team will help us keep gaining
momentum going forward."

                         About Ford Motor

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 by the Troubled Company Reporter on April 15, 2009,
Standard & Poor's Ratings Services said it raised its ratings on
Ford Motor Co. and related entities, including the corporate
credit rating, to 'CCC+' from 'SD-'.  The ratings on Ford Motor
Credit Co. are unchanged, at 'CCC+', and the ratings on FCE Bank
PLC, Ford Credit's European bank, are also unchanged, at 'B-',
maintaining the one-notch rating differential between FCE and its
parent Ford Credit.  S&P said that the outlook on all entities is
negative.

Moody's Investors Service in December 2008 lowered the Corporate
Family Rating and Probability of Default Rating of Ford Motor
Company to Caa3 from Caa1 and lowered the company's Speculative
Grade Liquidity rating to SGL-4 from SGL-3.  The outlook is
negative.  The downgrade reflects the increased risk that Ford
will have to undertake some form of balance sheet restructuring to
achieve the same UAW concessions that General Motors and Chrysler
are likely to achieve as a result of the recently-approved
government bailout loans.  Such a balance sheet restructuring
would likely entail a loss for bond holders and would be viewed by
Moody's as a distressed exchange and consequently treated as a
default for analytic purposes.


GATEWAY CASINOS: S&P Junks Corporate Credit Rating From 'B-'
------------------------------------------------------------
Standard & Poor's Ratings Services lowered its ratings on British
Columbia, Canada-based gaming company Gateway Casinos &
Entertainment Inc.  S&P lowered the corporate credit rating to
'CCC-' from 'B-'.  The rating outlook is negative.

At the same time, S&P revised its recovery rating on Gateway's
first-lien credit facilities to '3', indicating S&P's expectation
for meaningful (50% to 70%) recovery in the event of a payment
default, from '1'.  S&P lowered its issue-level rating on this
debt to 'CCC-' (at the same level as the 'CCC-' corporate credit
rating on the company) from 'B+', in accordance with S&P's
notching criteria for a '3' recovery rating.

In addition, S&P revised its recovery rating on the company's
second-lien credit facility to '6', indicating S&P's expectation
for negligible (0% to 10%) recovery in the event of a payment
default, from '5'.  S&P lowered its issue-level rating on this
debt to 'C' (two notches lower than the corporate credit rating)
from 'CCC+', in accordance with S&P's notching criteria for a '6'
recovery rating.

The revised recovery ratings reflect a lower level of cash flow in
S&P's simulated default scenario than S&P used in its previous
analysis due to the company's weaker operating prospects, as well
as a change in S&P's exchange rate assumptions.

"The downgrade to 'CCC-' reflects S&P's expectations that, given
Gateway's excessive debt burden relative to cash flow, its ability
to service its current capital structure over the intermediate
term will be challenged," said Standard & Poor's credit analyst
Melissa Long.

S&P remains concerned about the company's ability to remain in
compliance with its minimum EBITDA covenant in 2009 -- a factor
S&P cited in S&P's August 2008 downgrade of the rating to 'B-'.
However, S&P is now less certain that there are sufficient
economic incentives in place such that the owners would step in to
cure a covenant default under the equity cure provision in the
credit facility.  S&P had previously cited an expectation that
sponsors would initially inject equity into the company to cure a
covenant breach, although S&P expected sponsor support would have
its limits.

In 2010, Gateway will be subject a maximum total leverage test, as
opposed to a minimum EBITDA test.  The measure is initially set at
8.50x at the March 31, 2010 test date and steps down in the next
two quarters.  S&P estimate that the company's leverage, as S&P
believes it would be measured per the credit agreement, is over
10x.

Although Gateway has experienced year-over-year revenue and EBITDA
growth for the six months ended June 30, 2009, operating
performance continues to be below management's expectations.  The
company continues to be challenged in ramping up operating
performance at its Starlight Casino (which opened in December
2007) and its Grand Villa Casino (which opened in November 2008,
several months later than initially expected).  Given its private
company status, Gateway does not publicly disclose its financial
performance.

The 'CCC-' rating reflects Gateway's very high debt leverage, thin
expected EBITDA coverage of interest expense, thin covenant
cushion, a concentration of cash flows in its three Vancouver
casinos, and ramp-up-related challenges associated with two of its
Vancouver-based properties.


GENERAL MOTORS: Court OKs Rejection of Stillwater Supply Contract
-----------------------------------------------------------------
Stillwater Mining Company was advised yesterday that the
bankruptcy court has approved a petition from General Motors
Corporation to reject the existing Palladium & Rhodium Supply
Agreement between GM and Stillwater Mining Company, with
retroactive effect from July 7, 2009.  The Company had filed an
objection to the GM petition with the bankruptcy court, but after
a hearing this morning the judge upheld the GM request.

Commenting on the bankruptcy court's decision, Stillwater's
Chairman and CEO, Francis R. McAllister, noted, "We clearly are
very disappointed with this outcome and are still assessing what
additional avenues may be open to us in this matter. At the same
time, we are extremely appreciative of the generous expressions of
support we have received from so many in our communities, our
industry, from Governor Schweitzer and other leaders in Montana
and from the far corners of our nation. A special thank you to all
for your kind efforts in our behalf.

"As I had commented previously, while the GM contract has been
very beneficial to us in view of today's relatively low PGM
prices, I believe in the current environment the Company has
adequate financial resources to absorb the effect of this loss.
Despite the absence of the GM agreement, the Company will still be
able to sell all of its mine production into the market, although
obviously we will no longer enjoy the benefit of the GM pricing
floors. I noted earlier that loss of the GM agreement will likely
cost the Company, at current PGM prices, between $5 and $10
million annually. However, the Company's cash position remains
strong, and we have made substantial progress in recent months
toward our goal of becoming a safe, low-cost operator in our
industry. While losing our GM supply agreement certainly increases
the Company's exposure to any sustained decline in PGM prices, I
believe the longer-term fundamentals of our industry are favorable
and our competitive position is strengthening."

Expanding on the Company's recent performance, Mr. McAllister
added, "Although the Company's second-quarter financial results
are not yet finalized, I am pleased to report that mine production
in the quarter of about 137,700 platinum and palladium ounces was
substantially better than planned and is trending well ahead of
our mine production guidance of 495,000 ounces for the year. Cost
reduction measures also appear to be taking effect at both mines,
and total cash costs for the quarter are likely to come in far
below our combined annual guidance of $399 per PGM ounce. At the
same time, our cash position remains solid. All of this reflects
the broad-based dedication of our employees toward improving
productivity throughout our operations and finding better ways to
coordinate our diverse efforts.

"These initial second-quarter results clearly suggest that our
current initiatives are meeting with some success. This is
particularly gratifying in view of both the apparent loss of the
GM contract and the increased urgency to reposition our operations
prior to the expiration of the Ford contract at the end of next
year. While we have not yet demonstrated that our second-quarter
performance will be sustainable over the longer term, I am
optimistic that the quarter's results do demonstrate the Company's
capacity to perform at a level that is competitive in the absence
of the pricing floors in our contracts. Although there is no
assurance that PGM prices in the future will remain high enough to
sustain our operations, the recent increases in efficiency appear
to bode well for the future."

                      About Stillwater Mining

Billings, Montana-based Stillwater Mining Company --
http://www.stillwatermining.com/-- is the only U.S. producer of
palladium and platinum and is the largest primary producer of
platinum group metals outside of South Africa and Russia.  The
Company's shares are traded on the New York Stock Exchange under
the symbol "SWC."

As reported by the Troubled Company Reporter on July 13, 2009,
Standard & Poor's Ratings Services placed its ratings, including
its 'B-' corporate credit rating on Stillwater Mining, on
CreditWatch with negative implications.  "The CreditWatch listing
reflects S&P's concern regarding the possible loss of the supply
contract between Stillwater and General Motors Corp.  The
company's platinum group metals supply agreements with GM and Ford
Motor Co. include provisions that guarantee a minimum purchase
price for palladium and platinum even when prices fall below
stipulated levels, a benefit to Stillwater given the relatively
low PGM prices," said Standard & Poor's credit analyst Maurice
Austin.

                       About General Motors

Headquartered in Detroit, Michigan, General Motors Corp.
(NYSE: GM) -- http://www.gm.com/-- was founded in 1908.  GM
employs about 266,000 people around the world and manufactures
cars and trucks in 35 countries.  In 2007, nearly 9.37 million GM
cars and trucks were sold globally under the following brands:
Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel,
Pontiac, Saab, Saturn, Vauxhall and Wuling.  GM's OnStar
subsidiary is the industry leader in vehicle safety, security and
information services.

GM Europe is based in Zurich, Switzerland, while General Motors
Latin America, Africa and Middle East is headquartered in Miramar,
Florida.

As reported by the Troubled Company Reporter, GM reported net loss
of US$6.0 billion, including special items, in the first quarter
of 2009.  This compares with a reported net loss of US$3.3 billion
in the year-ago quarter.  As of March 31, 2009, GM had
US$82.2 billion in total assets and US$172.8 billion in total
liabilities, resulting in US$90.5 billion in stockholders'
deficit.

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP,
assist the Debtors in their restructuring efforts.  Al Koch at AP
Services, LLC, an affiliate of AlixPartners, LLP, is the Debtors'
restructuring officer.  GM is also represented by Jenner & Block
LLP and Honigman Miller Schwartz and Cohn LLP as counsel.

Cravath, Swaine, & Moore LLP is providing legal advice to the GM
Board of Directors.  GM's financial advisors are Morgan Stanley,
Evercore Partners and the Blackstone Group LLP.

General Motors changed its name to Motors Liquidation Co.
following the sale of its key assets to a company 60.8% owned by
the U.S. Government.

Bankruptcy Creditors' Service, Inc., publishes General Motors
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by General Motors Corp. and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


GILBERTO CORONA: Case Summary & 15 Largest Unsecured Creditors
--------------------------------------------------------------
Joint Debtors: Gilberto Corona
               Graciela Corona
               6821 71st East
               Bradenton, FL 34203

Bankruptcy Case No.: 09-15479

Chapter 11 Petition Date: July 19, 2009

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Judge: Catherine Peek McEwen

Debtors' Counsel: William Galarza, Esq.
                  Law Office of William Galarza
                  1100 Tamiami Trail South
                  Venice, FL 34285
                  Tel: (941) 488-4700
                  Fax: (941) 488-4730
                  Email: wgalarza@wgalarzalaw.com

Total Assets: $1,564,203

Total Debts: $2,443,646

A full-text copy of the Debtors' petition, including a list of
their 15 largest unsecured creditors, is available for free at:

     http://bankrupt.com/misc/flmb09-15479.pdf

The petition was signed by the Joint Debtors.


GLOBAL AVIATION: Moody's Assigns Corporate Family Rating at 'B3'
----------------------------------------------------------------
Moody's Investors Service assigned ratings to Global Aviation
Holdings, Inc.; corporate family and probability of default, each
of B3.  Moody's also assigned a rating of Ba3 to the planned
issuance of $165 million of First Lien Senior Secured Notes due
2013.  The outlook is stable.  These are first time ratings being
assigned to GAH.

The B3 corporate family rating reflects GAH's position as the
largest provider of air transportation and air cargo services to
the U.S. Department of Defense' Air Mobility Command.  GAH is a
co-manager, and lead passenger operator of the Alliance team, the
largest of the three teams that serve the AMC program.  The B3
rating considers the expectation of ongoing sizeable demand from
the AMC program over the intermediate term because of the multiple
theaters of operations of the U.S. military forces.  Moody's also
believes that the U.S. military is likely to maintain higher troop
levels in foreign bases as operations in current theaters wind
down over time.  This would further support demand from the AMC.

Moody's did not utilize its Global Passenger Airlines Rating
Methodology as part of its analysis of GAH's credit profile
because GAH's business model differs from that of a commercial
airline operating scheduled services.  "The cost plus pricing of
the government business and the pass through of 100% of the
company's fuel costs meaningfully lower market risk and price risk
relative to that of commercial airlines operating scheduled
services," said Moody's Analyst Jonathan Root.  "This is a key
difference between GAH and commercial airlines that serve price
competitive markets and that are exposed to volatile fuel prices
and supports the B3 rating outcome," continued Root.

Moody's considers GAH's liquidity to be adequate.  GAH will not
have a revolving credit facility, relying on its funds from
operations and cash balance to fund any required amortization of
the new first lien notes and any unexpected peak working capital
demands.  The cushion with the one maintenance covenant, EBITDA
less capital expenditures, of the first lien notes indenture is
expected to be modest.  However, according to the company, it has
significant flexibility to defer capital spending in the event AMC
and or commercial cargo or passenger charter volumes trail the
levels incorporated in its refinancing business case.  The ongoing
challenging fundamentals of the company's commercial charter and
leasing operations and the potential of fluctuating demand from
the AMC program balance the B3 credit profile.

The B3 ratings are also based on the expectation of a timely
closing of the refinancing of GAH's debt structure, which the
proceeds of the rated notes and $64.1 million second lien loan due
July 2014 (not rated) will partially fund.  As of March 31, 2009,
GAH's debt structure was comprised of a $370 million term loan.

The stable outlook reflects Moody's belief that the U.S.
military's deployment strategy will cause demand from the AMC
program to remain at levels that should allow GAH to generate cash
flows that adequately cover required maintenance reserves and debt
service obligations, even if demand in GAH's commercial wet lease
charter segment remains muted should current weak economic
conditions continue.

Downwards rating pressure would result if actual results trail the
company's refinancing business case projections or if unrestricted
cash falls below $25 million.  FFO + Interest to Interest that
approaches 2.0 times, negative free cash flow or Debt to EBITDA
that is sustained above 6.0 times could lead to a negative outlook
or downgrade of the ratings.  The outlook could be changed to
positive if GAH outperforms its business plan, leading to
sustained annual free cash flow in excess of $30 million per year,
after funding required maintenance reserves.  FFO + Interest to
Interest that approaches 3.5 times and Debt to EBITDA that is
sustained below 4.5 times could also lead to an outlook change or
an upgrade of the ratings.

Moody's anticipates that GAH's and the Alliance team's important,
long-tenured positions in the Civil Reserve Air Fleet and the
DoD's high reliance on it would support an enterprise value that
approaches 50% of the obligations modeled in the Loss Given
Default waterfall.  Moody's thus used the standard 50% family
recovery rate assumption when applying its LGD Methodology.  This
results in the B3 probability of default rating.  More than half
of the liabilities in the LGD waterfall are junior in priority to
the first lien notes.  This large first loss position causes the
three notch lift of the first lien note rating, to Ba3.

GAH's ratings were assigned by evaluating factors Moody's believes
are relevant to the credit profile of the issuer, such as i) the
business risk and competitive position of the company versus
others within its industry, ii) the capital structure and
financial risk of the company, iii) the projected performance of
the company over the near to intermediate term, and iv)
management's track record and tolerance for risk.  These
attributes were compared against other issuers both within and
outside of GAH's core industry and GAH's ratings are believed to
be comparable to those of other issuers of similar credit risk.

Assignments:

Issuer: Global Aviation Holdings, Inc

  -- Probability of Default Rating, Assigned B3

  -- Corporate Family Rating, Assigned B3

  -- Senior Secured Regular Bond/Debenture, Assigned a range of 23
     - LGD2 to Ba3

Global Aviation Holdings, Inc., through its subsidiaries, is a
leading provider of passenger and cargo air transportation to the
commercial and government sector.


GREAT AMERICAN RADIO: Case Summary & 18 Largest Unsec. Creditors
----------------------------------------------------------------
Debtor: Great American Radio Network, Inc.
        Post Office Box 578
        Robertsdale, AL 36567

Bankruptcy Case No.: 09-13271

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Southern District of Alabama (Mobile)

Debtor's Counsel: Robert M. Galloway, Esq.
            Galloway Wettermark Everest Rutens & Gaillard
            P. O. Box 16629
            Mobile, AL 36616-0629
            Tel: (251) 476-4493
            Email: bgalloway@gallowayllp.com

Total Assets: $336,920

Total Debts: $1,212,889

A full-text copy of the Debtor's petition, including a list of its
18 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/alsb09-13271.pdf

The petition was signed by Walter J. Bowen, president of the
Company.


HAGE CONSTRUCTION: Case Summary & 12 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Hage Construction Company
        5200 W. 74th St
        Edina, MN 55439

Bankruptcy Case No.: 09-44755

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       District of Minnesota (Minneapolis)

Judge: Robert J. Kressel

Debtor's Counsel: Jamie R. Pierce, Esq.
            Hinshaw & Culbertson LLP
            333 South Seventh Street, Suite 2000
            Minneapolis, MN 55402
            Tel: (612) 333-3434
            Email: jpierce@hinshawlaw.com

Total Assets: $573,746

Total Debts: $2,599,057

A full-text copy of the Debtor's petition, including a list of its
12 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/mnb09-44755.pdf

The petition was signed by Oliver M. Hage, president of the
Company.


HALKIS PIZZA CORP: Case Summary & 3 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Halkis Pizza Corp
           dba Intermezzo
        10-12 and 12A Fort Salonga Road
        Fort Salonga, NY 11768

Bankruptcy Case No.: 09-75311

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Eastern District of New York (Central Islip)

Judge: Alan S. Trust

Debtor's Counsel: Ronald D. Weiss, Esq.
            734 Walt Whitman Road, Suite 203
            Melville, NY 11747
            Tel: (631) 271-3737
            Fax: (631) 271-3784
            Email: weiss@ny-bankruptcy.com

Total Assets: $239,300

Total Debts: $1,014,458

A full-text copy of the Debtor's petition, including a list of its
3 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/nyeb09-75311.pdf

The petition was signed by George Mermigis, president of the
Company.


HARDWARE HOUSE: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Hardware House, Inc.
        3140 Pelham Parkway
        Pelham, AL 35124

Bankruptcy Case No.: 09-04200

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Northern District Of Alabama (Birmingham)

Judge: Thomas B. Bennett

Debtor's Counsel: Christopher L. Hawkins, Esq.
                  Bradley Arant Rose & White
                  1819 5th Ave N
                  Birmingham, AL 35203
                  Tel: (205) 521-8556
                  Email: chawkins@bradleyarant.com

Estimated Assets: $0 to $50,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtor did not file a list of its 20 largest unsecured
creditors when it filed its petition.

The petition was signed by Michael J. Gaines.


HC INNOVATIONS: Amends March Quarterly & December Annual Reports
----------------------------------------------------------------
HC Innovations, Inc., filed with the Securities and Exchange
Commission:

   (1) Amendment No. 2 on Form 10-Q/A to the Company's Quarterly
       Report on Form 10-Q for the fiscal quarter ended March 31,
       2009, filed on May 15, 2009 and as amended by Form 10-Q/A
       on June 11, 2009.  The Amendment relates to "Part I, Item
       2: Management's Discussion and Analysis of Financial
       Condition and Results of Operations" and Part I, Item 4:
       Controls and Procedures. In addition, new Certifications
       are filed as exhibits to the Amendment.  However, the
       Amendment sets forth the Form 10-Q in its entirety.  The
       Amendment is filed in response to comment letter the
       Company received from the staff of the Securities and
       Exchange Commission on the 10-Q/A.

       See http://ResearchArchives.com/t/s?3fb5

   (2) Amendment No. 2 on Form 10-K/A to the Company's Annual
       Report on Form 10-K for the fiscal year ended December 31,
       2008, filed on March 27, 2009 and amended by Form 10-K/A
       (Amendment No. 1) on June 11, 2009.  The Amendment relates
       to "Item 9A: Controls and Procedures," "Item 10: Directors,
       Executive Officers and Corporate Governance, and Item 15:
       Exhibits. In addition, new Certifications are filed as
       exhibits to the Amendment.  The Amendment sets forth the
       Form 10-K in its entirety and is filed in response to
       comment letter the Company received from the staff of the
       Securities and Exchange Commission the 10-K/A.

       See http://ResearchArchives.com/t/s?3fb6

As reported by the Troubled Company Reporter on June 29, 2009, CCR
LLP in Glastonbury, Connecticut, in its audit report in March
2009, raised substantial doubt about the ability of HC Innovations
to continue as a going concern.  The auditor noted that the
Company has a working capital deficiency of roughly $9.6 million
as of December 31, 2008, has had net losses of roughly
$14.5 million and $10.7 million for the years ended December 31,
2008, and 2007, respectively, has an accumulated deficit of
approximately $30.4 million as of December 31, 2008.

Management, however, believes that the Company will be successful
in its efforts to adequately meet its capital needs and continue
to grow its businesses, despite the auditors' adverse opinion.

At March 31, 2009, the Company had $4,813,449 in total assets and
$22,286,630 in total liabilities, resulting in $17,473,181 in
stockholders' deficit.

HC Innovations, Inc., is a specialty care management company
comprised of separate divisions each with a specific focus and
intervention.  The Company identifies subgroups of people with
high costs and disability, and create and implement programs and
interventions that improve their health, intended to result in
dramatic reductions in the cost of their care.  The Company also
develops and implements medical management systems for the long
term care industry.

Enhanced Care Initiatives, Inc., a wholly owned subsidiary of HCI
was founded in 2002 and is the management company for all HCI
entities.  ECI has five wholly owned subsidiaries operating in
Tennessee, Texas, Massachusetts, Alabama, and New York.  ECI
markets its proprietary specialty care management programs for the
medically frail and other costly sub-populations to Health
Maintenance Organizations and other managed care organizations as
well as state Medicaid departments.

NP Care, LLCs, are nursing home medical management systems.  The
LLCs care program provides onsite medical care by Physicians and
Advanced Practice Registered Nurse under the oversight of the
patients' individual physician to residents in nursing homes and
assisted living facilities.  The LLCs operate in the states of
Illinois and Tennessee and are managed exclusively by ECI.


HC INNOVATIONS: Inks Vendor Services Deal with Touchstone
---------------------------------------------------------
HC Innovations, Inc., has entered into a Vendor Services Agreement
with Touchstone Health HMO, Inc.

Under the terms of the Agreement, the Company will provide certain
care management services for Touchstone plan members who are
deemed to be medically complex.

A full-text copy of the agreement is available at no charge at:

               http://ResearchArchives.com/t/s?3fb4

                       About HC Innovations

HC Innovations, Inc., is a specialty care management company
comprised of separate divisions each with a specific focus and
intervention.  The Company identifies subgroups of people with
high costs and disability, and create and implement programs and
interventions that improve their health, intended to result in
dramatic reductions in the cost of their care.  The Company also
develops and implements medical management systems for the long
term care industry.

Enhanced Care Initiatives, Inc., a wholly owned subsidiary of HCI
was founded in 2002 and is the management company for all HCI
entities.  ECI has five wholly owned subsidiaries operating in
Tennessee, Texas, Massachusetts, Alabama, and New York.  ECI
markets its proprietary specialty care management programs for the
medically frail and other costly sub-populations to Health
Maintenance Organizations and other managed care organizations as
well as state Medicaid departments.

NP Care, LLCs, are nursing home medical management systems.  The
LLCs care program provides onsite medical care by Physicians and
Advanced Practice Registered Nurse under the oversight of the
patients' individual physician to residents in nursing homes and
assisted living facilities.  The LLCs operate in the states of
Illinois and Tennessee and are managed exclusively by ECI.

As reported by the Troubled Company Reporter on June 29, 2009, CCR
LLP in Glastonbury, Connecticut, in its audit report in March
2009, raised substantial doubt about the ability of HC Innovations
to continue as a going concern.  The auditor noted that the
Company has a working capital deficiency of roughly $9.6 million
as of December 31, 2008, has had net losses of roughly
$14.5 million and $10.7 million for the years ended December 31,
2008 and 2007, respectively, has an accumulated deficit of
approximately $30.4 million as of December 31, 2008.

Management, however, believes that the Company will be successful
in its efforts to adequately meet its capital needs and continue
to grow its businesses, despite the auditors' adverse opinion.

At March 31, 2009, the Company had $4,813,449 in total assets and
$22,286,630 in total liabilities, resulting in $17,473,181 in
stockholders' deficit.


HEALTH NET: UnitedHealthcare Sale Won't Affect S&P's 'BB-' Rating
-----------------------------------------------------------------
Standard & Poor's Ratings Services commented on Health Net Inc.'s
(BB-/Negative/--) announcement that it has reached a definitive
agreement to sell Health Net of the Northeast's licensed
subsidiaries to UnitedHealthcare, a UnitedHealth Group Inc.
(A-/Negative/A-2) company.  This announcement will have no effect
on the ratings on Health Net Inc., its core operating
subsidiaries, or Health Net of the Northeast's licensed
subsidiaries.  There is also no ratings impact from Health Net's
announcement that it is retaining Health Net of Arizona Inc.
(BB+/Negative/--).  The outlook on all of these companies remains
negative.

Standard & Poor's will be reviewing Health Net Inc.'s use of the
proceeds from the transaction, which it expects to close within 12
months, and its overall capital-management strategy.  S&P will
also continue to monitor operating performance and
capitalization--both on a consolidated basis and at Health Net of
the Northeast and Health Net of Arizona.

Under the terms of the agreement, at closing, UnitedHealthcare
will transfer about $290 million to Health Net, which is a portion
of the estimated $450 million in tangible net equity.  It will
distribute the remaining estimated $160 million of tangible net
equity to Health Net as the business transitions over the next two
years.  In addition, at closing, UnitedHealthcare will pay Health
Net $60 million for the Medicare business, the Medicaid business,
and the renewal rights for the commercial membership.

UnitedHealthcare will also pay Health Net additional consideration
based on the number of commercial members that transition to
UnitedHealthcare.  This additional consideration could be as much
as $120 million if all commercial members move to
UnitedHealthcare.


HEALTH NET: AM Best Affirms bb- Rating on Sr. Unsecured Notes
-------------------------------------------------------------
A.M. Best Co. has affirmed the financial strength ratings (FSR) of
B+ (Good) and issuer credit ratings (ICR) of "bbb-" of Health Net
of California, Inc., Health Net Life Insurance Company and Health
Net Health Plan of Oregon.  Additionally, the ICR and debt rating
of "bb-" on Health Net, Inc., and its $400 million 6.375% of
senior unsecured notes due 2017 have been affirmed.  The outlook
for all the above ratings has been revised to negative from
stable.

A.M. Best also has affirmed the FSRs of B+ (Good) and ICRs of
"bbb-" of Health Net's remaining subsidiaries, Health Net of
Connecticut, Inc., Health Net of New Jersey, Inc., Health Net of
New York, Inc., Health Net Insurance of New York, Inc. and Health
Net of Arizona, Inc.  The outlook for these ratings remains
negative.

The outlook change is based on the loss of the TRICARE contract;
the contract comprised 17.5% of Health Net's total 2008 revenue.
Pre-tax earnings have been in the range of $130-$195 million over
the past three years, and 3.0 million military-based members in 23
states and the District of Columbia will be transitioned out.  The
earnings from the government contracts segment have been a source
of rating strength for Health Net, and the loss of the TRICARE
contract and economic pressures in the marketplace may present
challenges to the company in replacing the TRICARE earnings in
2010, following the current option period.  That option period
will end on March 31, 2010.

The FSRs of B+ (Good) and ICRs of "bbb-" have been affirmed with a
revised outlook to negative from stable for the following
subsidiaries of Health Net, Inc.:

--Health Net of California, Inc.
--Health Net Life Insurance Company
--Health Net Health Plan of Oregon, Inc.

The FSRs of B+ (Good) and ICRs of "bbb-" have been affirmed and
the outlook remains negative for the following subsidiaries of
Health Net, Inc.:

--Health Net of Connecticut, Inc.
--Health Net of New Jersey, Inc.
--Health Net of New York, Inc.
--Health Net Insurance of New York, Inc.
--Health Net of Arizona, Inc.

The ICR of "bb-" has been affirmed with a revised outlook to
negative from stable for Health Net, Inc.

The following debt rating has been affirmed with a revised outlook
to negative from stable:

Health Net, Inc. -- "bb-" on $400 million 6.375% of senior
unsecured notes, due 2017.

                         About Health Net

Health Net, Inc., -- https://www.healthnet.com/ -- is an
integrated managed care organization that delivers managed
healthcare services through health plans and government-sponsored,
managed-care plans.


HERTZ CORPORATION: Fitch Downgrades Issuer Default Rating to 'BB-'
------------------------------------------------------------------
Fitch Ratings has downgraded Hertz Corporation's Issuer Default
Rating to 'BB-' from 'BB'.  In addition, Fitch has taken other
actions on certain classes of debt.  The Rating Outlook is
Negative.  Approximately $4.5 billion of debt is affected by this
action.

The ratings downgrade reflects Fitch's view of the deterioration
in overall operating trends over the past year and near-term
refinancing risk.  Although Fitch recognizes modestly improving
trends in leisure pricing and in the form of advance bookings for
the peak rental car season, it is Fitch's expectation that longer-
term profitability and cash flow will not return to previous peak
levels.  Furthermore, Hertz has approximately $4.3 billion of
fleet debt maturing in 2010.  It is Fitch's expectation that Hertz
will be able to obtain necessary financing; however, all-in
borrowing costs are expected to be materially higher.

The company is actively addressing this risk as evidenced by its
recent capital raising efforts, at the parent company Hertz Global
Holdings, which included $544 million common equity offering and
$475 million of convertible debt.  Proceeds from these issuances
have been down-streamed to Hertz to support future liquidity
requirements.  Nonetheless, Fitch views this risk as a material
rating driver until greater clarity on refinancing is obtained.
As such, Fitch will evaluate the company's progress in addressing
this risk, and absent progress, would likely downgrade the ratings
further.

The Negative Rating Outlook recognizes the potential for further
downward pressure on EBITDA due to the impact of relatively weak
demand for rental cars and equipment coupled with potential
inability to offset higher expected borrowing costs through price
increases or cost reductions.  The company has taken aggressive
steps to lower costs and reduce fleet in line with expected
demand.

Fitch believes the company's headroom under existing debt
covenants is currently sufficient.  At March 31, 2009, leverage
equaled 4.11 times (x) and interest coverage was 2.64x.  The
maximum leverage covenant increases to 5.5x during the second and
third quarter of 2009 and the minimum interest coverage covenant
falls to 2.0x.  Although these changes provide additional cushion,
any significant deterioration in existing headroom due to further
deterioration in financial performance would have likely have
negative impact on the current ratings

As part of this action, Fitch downgraded the company's
$1.8 billion asset-based lending facility and equalized it with
Hertz's other secured borrowings.  This reflects the comparable
recovery prospects across the company's secured facilities as well
as the maximum amount of notching above the IDR for a secured
borrowing.  Fitch continues to believe overall collateral coverage
remains adequate and supports full repayment of all debt classes,
assuming an orderly liquidation.

Fitch has downgraded these ratings:

Hertz Corporation

  -- IDR to 'BB-' from 'BB';
  -- Senior secured revolving facility to 'BBB-' from 'BBB';
  -- Senior unsecured debt to 'B+' from 'BB-';
  -- Subordinated debt to 'B' from 'B+'.

Fitch has affirmed these ratings:

  -- Secured term facility at 'BBB-';
  -- Letter of credit facility at 'BBB-';

The Rating Outlook is Negative.


HHGREGG INC: S&P Retains Negative CreditWatch on 'B+' Corp. Rating
------------------------------------------------------------------
Standard and Poor's Ratings Services said that its ratings on
Indianapolis-based hhgregg Inc. and subsidiary Gregg Appliances
Inc., including the 'B+' corporate credit rating, remain on
CreditWatch with negative implications, where they were placed on
July 9, 2009.

"The ratings remain on CreditWatch with negative implications
because of the company's recent announcement that it plans to
accelerate new store openings (including the addition of 20 to 22
new stores this fiscal year and 40 to 45 new stores next fiscal
year) and construct a new distribution center to support its
expansion into certain Mid-Atlantic markets during a period of
substantial economic weakness, and the possible strain on
management resources," said Standard & Poor's credit analyst Jerry
Phelan.  As of March 31, 2009, Gregg had approximately
$92.6 million of debt outstanding.

S&P could lower the rating if it appears the planned expansion
will strain the company's management and financial resources,
potentially resulting in reduced liquidity, credit measure
deterioration, and increased risk.  However, S&P views the equity
offering, if completed as proposed, as a significant positive, and
could affirm the 'B+' corporate credit rating if S&P believes the
company's forecasted credit profile will remain near medians for
its rating category, as well as maintaining adequate liquidity.


HILLSIDE BALBOA LLC: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Hillside Balboa LLC
        1111 Bayside Drive, #111
        Corona del Mar, CA 92625

Bankruptcy Case No.: 09-17084

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Western District of Washington (Seattle)

Judge: Karen A. Overstreet

Debtor's Counsel: Mark D. Northrup, Esq.
                  Pier 70
                  2801 Alaskan Wy, Suite 300
                  Seattle, WA 98121-1128
                  Tel: (206) 340-9628
                  Email: mnorthrup@grahamdunn.com

Total Assets: $7,830,183

Total Debts: $5,941,992

The Debtor did not file a list of its 20 largest unsecured
creditors when it filed its petition.

The petition was signed by Lawrence Kates, manager of the Company.


HINES POINT LLC: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Hines Point LLC
        Po Box 10742
        Phoenix, AZ 85064

Bankruptcy Case No.: 09-16972

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Eileen W. Hollowell

Debtor's Counsel: Dennis J. Wortman, Esq.
                  202 East Earll Drive, Suite 490
                  Phoenix, AZ 85012
                  Tel: (602) 257-0101
                  Fax: (602) 279-5650
                  Email: djwortman@azbar.org

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtor did not file a list of its 20 largest unsecured
creditors when it filed its petition.

The petition was signed by David L. Mackenney, managing member of
the Company.


HITCHIN POST STEAK: Case Summary 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Hitchin Post Steak Co.
        1101 S 5th St
        Kansas City, KS 66105

Bankruptcy Case No.: 09-12308

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       District of Kansas (Wichita)

Judge: Chief Judge Robert E. Nugent

Debtor's Counsel: Mark J. Lazzo, Esq.
                  129 E Second St.
                  Wichita, KS 67202
                  Tel: (316) 263-6895
                  Fax: (316) 264-4704
                  Email: mark@lazzolaw.com

Estimated Assets: $0 to $50,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's 20 largest unsecured creditors is
available for free at:

         http://bankrupt.com/misc/ksb09-12308.pdf

The petition was signed by Craig A. Cunningham, general manager of
the Company.


JACK JACKSON: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Joint Debtors: Jack A. Jackson
                   dba Triple J Fruit
               Janet A. Jackson
               401 Parkway Drive, #15
               PO Box 231
               Rock Island, WA 98850

Bankruptcy Case No.: 09-04088

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Eastern District Of Washington (Spokane/Yakima)

Judge: Patricia C. Williams

Debtors' Counsel: Allan L. Galbraith, Esq.
                  Davis Arneil Law Firm LLP
                  617 Washington Street
                  Wenatchee, WA 98801
                  Tel: (509) 662-3551
                  Fax: (509) 662-9074
                  Email: allan@dadkp.com

Estimated Assets: $1,000,001 to $10,000,000

The Company says it does not have unsecured creditors who are non
insiders when they filed their petition.

The petition was signed by the Joint Debtors.


JAMES LARRY BAIN: Case Summary & 11 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: James Larry Bain
           aka Buddy Bain
        750 Mount Oak Dr NE
        Arab, AL 35016-3902

Bankruptcy Case No.: 09-42142

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       Northern District Of Alabama (Anniston)

Debtor's Counsel: Tameria S. Driskill, Esq.
            PO Box 8505
            Gadsden, AL 35902
            Tel: (256) 546-5591
            Fax: (256) 546-6557
            Email: tamerialaw@bellsouth.net

Total Assets: $1,447,050

Total Debts: $1,603,524

A full-text copy of Mr. Bain's petition, including a list of his
11 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/alnb09-42142.pdf

The petition was signed by Mr. Bain.


JAYAMPATH DHARMASURIYA: Case Summary & 28 Largest Unsec. Creditors
------------------------------------------------------------------
Debtor: Jayampath P. Dharmasuriya
           aka Jay Dhamasuiya
        29315 Stadia Hill Ln
        Rancho Palos Verdes, CA 90275

Case No.: 09-28606

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Samuel L. Bufford

Debtor's Counsel: William H. Brownstein, Esq.
                  1250 Sixth St., Suite 205
                  Santa Monica, CA 90401
                  Tel: (310) 458-0048
                  Fax: (310) 576-3581
                  Email: Brownsteinlaw.bill@gmail.com

Estimated Assets: $10,000,001 to $50,000,000

Estimated Debts: $10,000,001 to $50,000,000

The petition was signed by Mr. Dharmasuriya.

Debtor's List of 28 Largest Unsecured Creditors:

  Entity                       Nature of Claim        Claim Amount
  ------                       ---------------        ------------
Regina Smith                                          $189,000

Donald H. Eller                                       $250,000
3111 Bel Aire Drive                                   SECURED
Unit 18G                                              VALUE:
Las Vegas, NV 89109                                   $900,000

Donald H. Eller                                       $102,099
                                                      SECURED
                                                      VALUE:
                                                      $240,000

Donald H. Eller                                       $569,197
3111 Bel Aire Drive                                   SECURED
Unit 18G                                              VALUE:
Las Vegas, NV 89109                                   $1,200,000

Dave Hunter                                           $25,000
                                                      SECURED
                                                      VALUE:
                                                      $300,000

Donald H. Eller                                       $466,880
3111 Bel Aire Drive                                   SECURED
Unit 18G                                              VALUE:
Las Vegas, NV 89109                                   $1,700,000

Donald H. Eller                                       $104,156
                                                      SECURED
                                                      VALUE:
                                                      $850,000

Suzanne Oftedal                                       $182,183
                                                      SECURED
                                                      VALUE:
                                                      $950,000

Donald H. Eller                                       $606,564
3111 Bel Aire Drive                                   SECURED
Unit 18G                                              VALUE:
Las Vegas, NV 89109                                   $315,000

Bank of America                                       $14,389
                                                      SECURED
                                                      VALUE:
                                                      $360,000

Bank of America                                       $51,707
                                                      SECURED
                                                      VALUE:
                                                      $395,000

Citibusiness                                          $55,000
                                                      SECURED
                                                      VALUE:
                                                      $400,000

United Commercial Bank                                $558,403
1320 Willow Pass Rd, Suite 706                        SECURED
Concord, CA 94520-5246                                VALUE:

Glen Swette                                           $76,000
                                                      SECURED
                                                      VALUE:
                                                      $2,400,000

Bank of America                                       $50,568
                                                      SECURED
                                                      VALUE:
                                                      $550,000

United Commercial Bank                                $1,417,783
1320 Willow Pass Rd, Suite 706                        SECURED
Concord, CA 94520-5246                                VALUE:

Indymac Bank Home Lo                                  $36,000
                                                      SECURED
                                                      VALUE:
                                                      $600,000

Aurora Loan Services                                  $141,250
                                                      SECURED
                                                      VALUE:
                                                      $566,250

Donald H. Eller                                       $1,490
                                                      SECURED
                                                      VALUE:
                                                      $18,510

Donald H. Eller                                       $690,000
3111 Bel Aire Drive                                   SECURED
Unit 18G                                              VALUE:
Las Vegas, NV 89109                                   $160,000

Stan Dennis                                           $100,000

Citimortgage                                          $78,872

Citimortgage                                          $61,626

American Express                                      $917

American Express                                      $5,065

Forry Law Group                                       $60,000

Donald H. Eller                                       $460,000
3111 Bel Aire Drive
Unit 18G
Las Vegas, NV 89109

Donald H. Eller                                       $273,917
3111 Bel Aire Drive                                   SECURED
Unit 18G                                              VALUE:
Las Vegas, NV 89109                                   $950,000


JHJ PLASTICS: Involuntary Chapter 11 Case Summary
-------------------------------------------------
Alleged Debtor: JHJ Plastics Inc.
                fka Leathertone Inc.
                31 Condor Road
                Sharon, MA 02067

Case Number: 09-16845

Involuntary Petition Date: July 21, 2009

Court: District of Massachusetts

Judge: Joan N. Feeney

   Petitioner                 Nature of Claim      Claim Amount
   ----------                 ---------------      ------------
AndyCibulka Inc.               business invoices    $27,853
dba Kapcore
c/o Noel Kappus
357 W. Cedar St.
Allentown, PA 18102


J.L. FRENCH: Taps Pachulski Stang as Counsel
--------------------------------------------
J.L. French Automotive Castings Inc. and its debtor-affiliates
ask the U.S. Bankruptcy Court for the District of Delaware for
permission to employ Pachulski Stang Ziehl & Jones LLP as their
counsel.

The firm will:

   * provide legal advice with respect to the Debtors' powers and
     duties as debtors-in-possession in the continued operation of
     their business and management of their property;

   * prepare on behalf of the Debtors necessary applications,
     motions, answers, reports and other legal papers;

   * appear in Court on behalf of the Debtors and in order to
     protect the interest of the Debtors before the Court;

   * prepare and pursue confirmation of a plan and approval of
     disclosure statement; and

   * perform all other legal services for the Debtors that may be
     necessary and proper in these proceedings.

The firm's professionals and their standard hourly rates are:

     Designation               Hourly Rate
     -----------               -----------
     Laura Davis Jones, Esq.   $825
     James E. O'Neill, Esq.    $595
     Curtis A. Hehn, Esq.      $495
     Mark M. Billion, Esq.     $375
     Kathe Finlayson, Esq.     $225

The Debtors assure the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

                        About J.L. French

Based in Sheboygan, Wisconsin, J.L. French Automotive Castings
Inc. -- http://www.jlfrench.com/-- supplies aluminum die castings
specializing in powertrain and automotive components.  The Company
has four manufacturing locations around the world including plants
in the United States, and Spain.  The Company has six engineering/
customer service offices to globally support its customers near
its regional engineering and manufacturing locations.  The Company
began making aluminum die castings in 1968 in Sheboygan, Wisconsin
as a small, family owned business and is now an industry leader in
technical resources.

The Company and six of its affiliates filed for Chapter 11
protection on July 13, 2009 (Bankr. D. Del. Lead Case No.
09-12445).  Pachulski Stang Ziehl & Jones LLP, and Milbank, Tweed,
Hadley & McCloy LLP, represent the Debtors in their restructuring
efforts.  The Debtors selected BMC Group Inc. as claims agent;
Conway MacKenzie & Dunleavy Inc. as financial advisor; Houlihan
Lokey Howard & Zukin Capital Inc. as investment banker.  The U.S.
Trustee for Region 3 has not appointed creditors to serve on the
Official Committee of Unsecured Creditors.  When the Debtors
sought for protection from their creditors, they listed assets and
debts between $100 million and $500 million.


J.L. FRENCH: To Slash $240 Million in Debt Under Joint Plan
-----------------------------------------------------------
J.L. French Automotive Castings Inc. and its debtor-affiliates
delivered to the U.S. Bankruptcy Court for the District of
Delaware a disclosure statement describing their joint Chapter 11
plan of reorganization to reduce the amount of their outstanding
debt by more than $240 million.

The Debtors said that the restructuring will (i) improve customer
and vendor confidence in their prospects, and (ii) enable them to
devote more resources to research and development, capital
expenditures and other strategic initiatives.  According to the
Disclosure Statement, the Plan's primary purpose is to effectuate
a restructuring consistent with the terms and conditions of the
consent agreement entered by the Debtors and their first and
second lien lenders.  In February 2009, the Debtors defaulted
under several provisions of a certain credit agreements for
failure to make scheduled interest payments.

Under the Plan, holders of general unsecured claims will receive a
pro rata share of the $75,000 Class 5 recovery, in full and final
satisfaction of each of the allowed Class 5 claim.  Preferred and
Common equity interests will be canceled and holders will not
receive any distribution.

A hearing is set for August 25, 2009, 2:00 p.m., to consider
approval of the Debtors' disclosure statement and confirmation of
the plan.  Objections, if any, are due August 18, 2009, at 4:00
p.m.

The Debtors proposed August 21, 2009, as voting deadline to accept
or reject the plan.

A full-text copy of the Disclosure Statement is available for free
at http://ResearchArchives.com/t/s?3fae

A full-text copy of the Joint Chapter 11 Plan is available for
free at http://ResearchArchives.com/t/s?3faf

                        About J.L. French

Based in Sheboygan, Wisconsin, J.L. French Automotive Castings
Inc. -- http://www.jlfrench.com/-- supplies aluminum die castings
specializing in powertrain and automotive components.  The Company
has four manufacturing locations around the world including plants
in the United States, and Spain.  The Company has six engineering/
customer service offices to globally support its customers near
its regional engineering and manufacturing locations.  The Company
began making aluminum die castings in 1968 in Sheboygan, Wisconsin
as a small, family owned business and is now an industry leader in
technical resources.

The Company and six of its affiliates filed for Chapter 11
protection on July 13, 2009 (Bankr. D. Del. Lead Case No.
09-12445).  Pachulski Stang Ziehl & Jones LLP, and Milbank, Tweed,
Hadley & McCloy LLP, represent the Debtors in their restructuring
efforts.  The Debtors selected BMC Group Inc. as claims agent;
Conway MacKenzie & Dunleavy Inc. as financial advisor; Houlihan
Lokey Howard & Zukin Capital Inc. as investment banker.  The U.S.
Trustee for Region 3 has not appointed creditors to serve on the
Official Committee of Unsecured Creditors.  When the Debtors
sought for protection from their creditors, they listed assets and
debts between $100 million and $500 million.


J.L. FRENCH: Wants $15MM DIP Financing from Prepetition Lenders
---------------------------------------------------------------
J.L. French Automotive Castings, Inc., and its debtor-affiliates
ask the U.S. Bankruptcy Court for the District of Delaware for
authority to:

   -- obtain postpetition financing on a superpriority
      administrative claim and first priority priming lien basis;

   -- use cash collateral; and

   -- grant adequate protection to the Debtors' prepetition
      secured lenders.

As of the petition date, the Debtors owed $204 million of
borrowings under the prepetition first lien credit facilities;
$60 million of borrowings under the prepetition second lien credit
facility; and $15 million under an unsecured interest rate swap
with Morgan Stanley Capital Services which MSCS asserts is a
secured claim.

Prepetition first lien lenders are consisted of Wilmington Trust
FSB as term loan administrative agent, arranger, syndication agent
and sole bookrunner, and CapitalSource Finance LLC as revolving
loan administrative agent.

Prepetition second lien lenders are consist of the Bank of New
York as administrative agent and together with the prepetition
first lien administrative agents an collateral agents.

              The Salient Terms of the DIP Financing

Borrower:                 J.L. French Automotive Castings, Inc.

Guarantors:               Nelson Metal Products LLC, Allotech
                          International LLC, J.L. French
                          Automotive, LLC; French Holdings LLC;
                          J.L. French LLC, Central Die, LLC

Syndication Agent:         DDJ Capital Management, LLC

Administrative Agent/
Collateral Agent:          Wilmington Trust FSB as administrative
                           agent and collateral agent for the
                           lenders.

Lenders:                   Some or all of the lenders under the
                           prepetition first lien credit facility
                           and the prepetition second lien credit
                           facility.

Amount of Facilities:      Up to $15 million of senior secured
                           bank financing to include up to
                           $10 million senior secured Tranche A
                           term loan, and up to $5 million senior
                           secured Tranche B Term loan.

Purpose/Use of Proceeds:   Fund expenses in accordance with a
                           budget prepared by the borrower and
                           approved by the lenders.

Closing Date:              The Date on which the interim order is
                           entered by the Court and the other
                           conditions precedent to the DIP
                           facilities are satisfied and waived, as
                           determined and approved by the lenders.

Maturity/Term:             The earlier of (a) 120 days after the
                           closing date and the (b) the effective
                           date of the plan of reorganization, the
                           terms and condition of which will be
                           substantially the same as described in
                           the restructuring lock-up agreement;
                           provided that the DIP facilities may be
                           rolled out into an exist facility on
                           terms and conditions acceptable to the
                           requisite lenders and the borrower in
                           their sole discretion.

Interest Rate:             All amounts outstanding under the
                           facilities will bear interest at the
                           borrower's option as: (i) at the base
                           rate and plus 4% per annum; or (ii) at
                           the reserve adjusted Eurodollar Rate
                           plus 5% per annum.

Interest Payments:         Monthly for loans bearing interest with
                           reference to the base rate, on the last
                           day of the applicable interest period
                           for loans bearing interest with
                           reference to the reserve adjusted
                           Eurodollar Rate; and upon prepayment,
                           in each case payable in arrears and
                           computed on the basis of a 360-day
                           year.

Fees:                      The borrower has agreed to these:
                           -- Syndication agent, arranger and
                              administrative agent fees;
                           -- Upfront Commitment Fees;
                           -- On-Going Commitment Fees;
                           -- Backstop Fees; and
                           -- Funding Fees of (i) Tranch A Term
                              Facility and (ii) Tranche B Term
                              Facility.

Security:                  The DIP facilities will be secured by
                           valid, enforceable and automatically
                           perfected first priority security
                           interests in (i) all assets; ; (ii)
                           100% of the capital stock of the
                           borrower and each direct and indirect
                           domestic subsidiary of the borrower;
                           (iii) 100% of the non-voting stock of
                           any foreign subsidiaries; (iv) 65% of
                           the capital stock of each first tier
                           foreign subsidiary of the borrower or
                           any guarantor; (v) all intercompany
                           debt, and (vi) subject to the entry of
                           the Final order, all avoidance and
                           other bankruptcy-related actions of the
                           borrower and guarantors.

Carve Out:                 Up t0 $2 million of all unpaid and
                           allowed fees are subject to carve out.

About J.L. French Automotive

Based in Sheboygan, Wisconsin, J.L. French Automotive Castings,
Inc., is adesigner and manufacturer of highly engineered aluminum
die cast automotive parts including oil pans, engine front covers,
engine blocks and transmission cases. The company has
manufacturing facilities in Sheboygan, WI.; Glasgow, KY; Ansola,
Spain; as well as a joint venture in, China.  J. L. French
Automotive Castings Inc., makes transmission casings for Ford
Motor Co. and General Motors Co.

The Company, together with six affiliates, filed for Chapter 11 on
July 13, 2009 (Bankr. D. Del. Case No. 09-12445).  Pachulski Stang
Ziehl & Jones LLP and Milbank, Tweed, Hadley & McCloy LLP
represents the Debtors in their restructuring efforts.  The
Debtors selected BMC Group Inc. as claims agent; Conway MacKenzie
& Dunleavy Inc. as financial advisor; Houlihan Lokey Howard &
Zukin Capital, Inc., as investment banker.  The Creditors
Committee is represented by The Abernathy MacGregor Group.
The Debtors have assets and debts bothe ranging from $100 million
to $500 million.

The Company first filed for Chapter 11 protection on February 10,
2006 (Bankr. D. Del. Case No. 06-10119 to 06-06-10127).  Attorneys
at Pachulski Stang Ziehl Young & Jones, and Marc Kiesolstein,
P.C., at Kirkland & Ellis LLP, represented the Debtors in their
restructuring efforts.  Attorneys at Ashby Geddes, PA, represented
the Official Committee of Unsecured Creditors.  When the Debtor
filed for bankruptcy, it estimated assets and debts of more than
$100 million.  In June 2006, the Bankruptcy Court confirmed J.L.
French's reorganization plan, and days later the J.L. French
emerged from bankruptcy.


JOSEPH MARSANO: Case Summary & 16 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Joseph G. Marsano, Jr.
           aka Joe Marsano
        Marsha A. Marsano
        2260 Silver Stone Street
        Watsonville, CA 95076

Bankruptcy Case No.: 09-55847

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Northern District of California (San Jose)

Debtor's Counsel: Judson T. Farley, Esq.
            Law Offices of Judson T. Farley
            830 Bay Ave. #B
            Capitola, CA 95010-2173
            Tel: (831) 476-1766
                  Email: judsonfarley@sbcglobal.net

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A full-text copy of the Debtor's petition, including a list of its
16 largest unsecured creditors, is available for free at:

        http://bankrupt.com/misc/canb09-55847.pdf

The petition was signed by George Mermigis, president of the
Company.


KAINOS PARTNERS: Taps Reed Smith as Co-Counsel
----------------------------------------------
Kainos Partners Holding Company LLC asks the U.S. Bankruptcy Court
for the District of Delaware for authority to employ Reed Smith
LLP as bankruptcy co-counsel, nunc pro tunc to the petition date.

As co-counsel, Reed Smith will supplement the legal services of
the Law Offices of Joseph J. Bodnar to the extent instructed to do
so by the Debtors and as necessary during these Chapter 11 cases.
Particularly, Reed Smith will assist Mr. Bodnar in the preparation
of necessary motions, replies and represent the Debtor in the
investigation into certain activities of the Debtor's former chief
financial officer.

J. Andrew Rahl, Jr. Esq., a partner at Reed Smith, assures the
Court that the firm does not hold or represent any interest
adverse to the Debtor or its estate, and that the firm is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

Reed Smiths's professionals who will be primarily responible for
this engagement and their hourly rates are:

     J. Andrew Rahl, Jr., Esq., Partner    $875
     Joel Schaider, Esq., Partner          $590
     Rihard A. Robinson, Esq., Partner     $590
     Mark W. Eckard, Esq., Associate       $360
     Adam C. Hull, Esq., Associate         $350

Kainos Partners Holding Company LLC of Greer, S.C., is a
franchisee of doughnut and coffee chain Dunkin' Donuts.  It
operates 56 Dunkin' Donuts locations in New York, South Carolina
and Nevada and employs about 700 people.  The Company has eight
stores under construction.  The Company filed for Chapter 11
relief on July 6, 2009 (Bankr. D. Del. Case No. 09-12292).  When
the Debtor filed for protection from its creditors, it listed
between $10 million and $50 million each in assets and debts.


JULIO'S WELDING: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Julio's Welding, L.L.C.
        1004 E. Fiesta
        Carlsbad, NM 88220

Bankruptcy Case No.: 09-13153

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       New Mexico (Albuquerque)

Judge: Mark B. McFeeley

Debtor's Counsel: R Trey Arvizu III, Esq.
            PO Box 1479
            Las Cruces, NM 88004-1479
            Tel: (575) 527-8600
            Fax: (575) 527-1199
            Email: arvizulawoffices@qwestoffice.net

Estimated Assets: $0 to $50,000

Estimated Debts: $1,000,001 to $10,000,000

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/nmb09-13153.pdf

The petition was signed by Julio Martinez, operating manager of
the Company.


KAINOS PARTNERS: Taps RMG as Financial and Management Advisor
-------------------------------------------------------------
Kainos Partners Holding Company LLC asks the U.S. Bankruptcy Court
for the District of Delaware for authority to employ Complete
Asset Management Company d/b/a The Restaurant Management Group as
its financial and management advisor, nunc pro tunc to the
petition date.

As financial and management advisor, RMG will render restaurant
management and financial advice and services to the Debtor in
connection with its restructuring efforts.

As compensation, Kainos proposes to pay RMG a flat fee of $55,000
per month, payable weekly at the rate of $13,750.  If approved,
RMG will be employed and retained to provide restructuring
management services pursuant to Section 363 of the Bankruptcy
Code, rather than as a professional under Section 327 of the
Bankruptcy Code.

Jim Balis, a managing director at RMG, assures the Court that the
firm does not hold or represent any interest adverse to the Debtor
or its estate, and that the firm is a "disinterested person" as
that term is defined in Section 101(14) of the Bankruptcy Code.

Kainos Partners Holding Company LLC of Greer, S.C., is a
franchisee of doughnut and coffee chain Dunkin' Donuts.  It
operates 56 Dunkin' Donuts locations in New York, South Carolina
and Nevada and employs about 700 people.  The Company has eight
stores under construction.  The Company filed for Chapter 11
relief on July 6, 2009 (Bankr. D. Del. Case No. 09-12292).  When
the Debtor filed for protection from its creditors, it listed
between $10 million and $50 million each in assets and debts.


KAINOS PARTNERS: U.S. Trustee Appoints 3-Member Panel
-----------------------------------------------------
Roberta A. DeAngelis, the acting United States Trustee for Region
3, appointed three creditors to serve on the official committee of
unsecured creditors in Kainos Partners Holding Company LLC's
bankruptcy case.

The Creditors Committee members are:

     a) Progressive Builders, Inc.
        Attn: Steve C. Roach
        P.O. Box 4367
        Greenville, SC 29608
        Tel: (864) 246-3386
        Fax: (864) 246-5575

     b) Hilton Displays, Inc.
        Attn: Steve McDowell
        125 Hillside Drive
        Greenville, SC 29607
        Tel: (864) 233-0401
        Fax: (864) 242-2204

     c) JAMD, LLC
        Attn: Daniel Tarkanian
        3009 Campbell Circle
        Las Vegas, NV 89107
        Tel: (702) 378-5213
        Fax: (702) 871-5123

Official creditors' committees have the right to employ legal
and accounting professionals and financial advisors, at the
Debtor's expense.  They may investigate the Debtor's business
and financial affairs.  Importantly, official committees serve
as fiduciaries to the general population of creditors they
represent.  Those committees will also attempt to negotiate the
terms of a consensual Chapter 11 plan -- almost always subject
to the terms of strict confidentiality agreements with the
Debtors and other core parties-in-interest.  If negotiations
break down, the Committee may ask the Bankruptcy Court to
replace management with an independent trustee.  If the
Committee concludes reorganization of the Debtor is impossible,
the Committee will urge the Bankruptcy Court to convert the
Chapter 11 cases to a liquidation proceeding.

Kainos Partners Holding Company LLC of Greer, S.C., is a
franchisee of doughnut and coffee chain Dunkin' Donuts.  It
operates 56 Dunkin' Donuts locations in New York, South Carolina
and Nevada and employs about 700 people.  The Company has eight
stores under construction.  The Company filed for Chapter 11
relief on July 6, 2009 (Bankr. D. Del. Case No. 09-12292).
Attorneys at Law Offices of Joseph J. Bodnar and Reed Smith LLP
represent the Debtor.  Kainos has hired Complete Asset Management
Company, d/b/a The Restaurant Management Group, as its financial
and management advisor.  When the Debtor filed for protection from
its creditors, it listed between $10 million and $50 million each
in assets and debts.


KERUSSO REAL ESTATE: Case Summary & 13 Largest Unsec. Creditors
---------------------------------------------------------------
Debtor: Kerusso Real Estate, LLC
        2931 Jewett Avenue
        Highland, IN 46322

Bankruptcy Case No.: 09-22954

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                                     Case No.
        ------                                     --------
Kerusso Konstruction Kompany, LLC                  09-22955

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       Northern District of Indiana (Hammond Division)

Judge: J. Philip Klingeberger

Debtor's Counsel: Catherine Molnar-Boncela, Esq.
                  Gordon E. Gouveia & Associates
                  433 West 84th Drive
                  Merrillville, IN 46410
                  Tel: (219) 736-6020
                  Email: geg_law@ameritech.net

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $10,000,001 to $50,000,000

A full-text copy of the Debtor's petition, including a list of its
13 largest unsecured creditors, is available for free at:

      http://bankrupt.com/misc/innb09-22954.pdf

The petition was signed by Sergio Garcia, managing member of the
Company.


KIYOSHI NAGAI: Voluntary Chapter 15 Case Summary
------------------------------------------------
Chapter 15 Petitioner: Yuji Onuki
                       Nishimura & Asahi Law Office
                       1-12-32 Ark Mori Bldg., 29th Flr.
                       Akasaka, Minato-ku, Tokyo, Japan 107-6029

Chapter 15 Debtor: Kiyoshi Nagai
                   Nishimura & Asahi Law Office
                   c/o Yuji Onuki
                   1-12-32 Ark Mori Bldg., 29th Flr.
                   Akasaka, Minato-ku Tokyo-to Japan

Chapter 15 Case No.: 09-01619

Type of Business: The Debtor owns a health clinic.

Chapter 15 Petition Date: July 17, 2009

Court: District of Hawaii

Judge: Robert J. Faris

Chapter 15 Petitioner's Counsel: Christine A. Kubota, Esq.
                                 cak@hawaiilawyer.com
                                 Todd Hirai, Esq.
                                 tyh@hawaii.lawyer.com
                                 Michael A. Yoshida, Esq.
                                 bknotice@hawaiilawyer.com
                                 Damon Key Leong Kupchak Hastert
                                 1003 Bishop St., 1600 Pauahi
                                 Tower
                                 Honolulu, HI 96813
                                 Tel: (808) 531-8031
                                 Fax: (808) 533-2242

Estimated Assets: $1 million to $10 million

Estimated Debts: $10 million to $50 million


LA JOLLA NETWORKS: Case Summary & 15 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: La Jolla Networks, Inc.
        765 Academy Drive
        Solana Beach, CA 92075

Case No.: 09-10233

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Southern District of California (San Diego)

Judge: James W. Meyers

Debtor's Counsel: Kit J. Gardner, Esq.
                  Law Offices of Kit J. Gardner
                  402 W. Broadway, Suite 400
                  San Diego, Ca 92101
                  Tel: (619) 321-6951
                  Email: kgardner@gardnerlegal.com

Estimated Assets: $50,000,001 to $100,000,000

Estimated Debts: $1,000,001 to $10,000,000

The petition was signed by James C. Tiernan, the company's
president.

Debtor's List of 15 Largest Unsecured Creditors:

  Entity                       Nature of Claim        Claim Amount
  ------                       ---------------        ------------
Dr. Sanford Wright             Loans                  $89,500

Steven Winter                  Loans                  $3,000

James C. Tiernan               Loans                  $19,800
131 Saltillo Court             Salary                 $1,939,446
Solana Beach, CA 92075

Miguel Cubillas                Contract               $6,700

Paul Harmon                    Contract               $2,700

Dr. Sandeep Rajpal             Contract               $6,000

Attn: Bernard Kleinke          Legal fees             $50,000

Attn: Michael Garrett          Legal fees             $18,000

Dr. Richard Posner             Contract               $49,950

G.E.M. Freriks                 Contract               $6,750

Yoshihiko Itami                Contract               $72,000

Douglas Roberts                Contract               $72,000

Charles E. DuPont, Jr.         Contract               $1,200,000
13740 Nob Avenue
Del Mar, California 92014

Wee Peng Goh                   Contract               $5,000

Dr. Leonard Gross              Contract               $4,000


LAKE CUMBERLAND MARINE: Case Summary & 20 Largest Unsec. Creditors
------------------------------------------------------------------
Debtor: Lake Cumberland Marine, LLC
        105 Collins Avenue
        Somerset, KY 42503

Case No.: 09-61089

Type of Business: The Debtor operates a motor boat dealership
business.

Chapter 11 Petition Date: July 19, 2009

Court: United States Bankruptcy Court
       Eastern District of Kentucky (London)

Judge: Chief Judge Joseph M. Scott, Jr.

Debtor's Counsel: Taft A. McKinstry, Esq.
            300 W Vine, St #600
            Lexington, KY 40507-1680
            Tel: (859) 252-6700
            Email: bankruptcy@fowlerlaw.com

Estimated Assets: $10,000,001 to $50,000,000

Estimated Debts: $10,000,001 to $50,000,000

The petition was signed by Randall Hartmann, the company's
managing member.

Debtor's List of 20 Largest Unsecured Creditors:

  Entity                       Nature of Claim        Claim Amount
  ------                       ---------------        ------------
Abdullah Al-Khalifa            Trade debt             $4,100,000
c/o Peter L. Haviland, Esq.
Kay Scholer LLP
1999 Avenue of the Stars,
Suite 1700
Los Angeles, CA 90067

Affinity Media, Boating        Trade debt             $14,380

American Express               Trade debt             $125,242

American Jet Management, Inc.  Trade debt             $35,780

Bumside Marina                 Trade debt             $15,664

Correct Craft, Inc.            Trade debt             $9,351

duPont Registry                Trade debt             $26,500

Ehlert Publishing Group        Trade debt             $17,220

Firemans Fund Insurance        Trade debt             $117,864

Geremarie Corporation          Trade debt             $17,200

Hart Production, Inc.          Trade debt             $9,864

Land-N-Sea                     Trade debt             $13,752

Mercury Marine                 Trade debt             $21,797

Myco Trailers                  Trade debt             $13,965

Poker Runs of America          Trade debt             $67,700

State Dock Marina Services     Trade debt             $20,480

The Papers, Inc.               Trade debt             $9,537

Triumph Aerospace Systems      Trade debt             $29,646

Wells Fargo                    Credit Card            $37,529

Yellow Book-West               Trade debt             $9,944


LANDAMERICA CREDIT: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: LandAmerica Credit Services, Inc.
           dba ACT
           dba Atlanta Credit
           dba Commco Credit
           dba Consumer Credentials
           dba Credit Decisions
           dba Credit Reporting Information Services
           dba Credit Resources Inc.
           dba CRS Credit
           dba Far West Credit, Inc.
           dba Fuchs-Little, Inc.
           dba INFO1
           dba Info1 Credit Reporting, Inc.
           dba Info1 Holding Company, Inc.
           dba Lender's Credit Inc.
           dba LSSI
           dba Mortgage Credit Solutions (MCS)
           dba Southern Mortgage Reporting (SMR)
        2445 Fire Mesa Drive, Suite 150
        Las Vegas, NV 89128

Bankruptcy Case No.: 09-34607

Debtor-affiliates filing separate Chapter 11 petitions
November 26, 2008:

        Entity                                     Case No.
        ------                                     --------
LandAmerica Financial Group, Inc.                  08-35994
LandAmerica 1031 Exchange Services, Inc.           08-35995

Debtor-affiliates filing separate Chapter 11 petition March 6,
2009:

        Entity                                     Case No.
        ------                                     --------
LandAmerica Assessment Corporation                 09-31453

Debtor-affiliates filing separate Chapter 11 petition March 27,
2009:

        Entity                                     Case No.
        ------                                     --------
LandAmerica Title Corporation                      09-31943

Debtor-affiliates filing separate Chapter 11 petitions March 31,
2009:

        Entity                                     Case No.
        ------                                     --------
Southland Title Corporation                        09-32063
Southland Title of San Diego                       09-32064
Southland Title of Orange County                   09-32065

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Eastern District of Virginia (Richmond)

Judge: Kevin R. Huennekens

Debtor's Counsel: John H. Maddock III, Esq.
                  McGuireWoods LLP
                  One James Center, 901 E. Cary St.
                  Richmond, VA 23219-4030
                  Tel: (804) 775-1178
                  Email: jmaddock@mcguirewoods.com

                  Richard Francis Blair, Esq.
                  McGuire Woods LLP
                  901 East Cary Street, One James Center
                  Richmond, VA 23219-4030
                  Tel: (804) 775-1147
                  Email: rfblair@mcguirewoods.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $10,000,001 to $50,000,000

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

      http://bankrupt.com/misc/vaeb09-34607.pdf

The petition was signed by G. Willian Evans, president of the
Company.


LARRY VAN DEN HEUVEL: Case Summary & 20 Largest Unsec. Creditors
----------------------------------------------------------------
Joint Debtors: Larry J. Van Den Heuvel
               Lora J. Van Den Heuvel
               1500 Brommer Street
               Santa Cruz, CA 95062

Bankruptcy Case No.: 09-55795

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Northern District of California (San Jose)

Judge: Arthur S. Weissbrodt

Debtors' Counsel: Judson T. Farley, Esq.
                  Law Offices of Judson T. Farley
                  830 Bay Ave., #B
                  Capitola, CA 95010-2173
                  Tel: (831)476-1766
                  Email: judsonfarley@sbcglobal.net

Total Assets: $3,488,600

Total Debts: $5,153,931

A full-text copy of the Debtors' petition, including a list of
their 20 largest unsecured creditors, is available for free at:

     http://bankrupt.com/misc/canb09-55795.pdf

The petition was signed by the Joint Debtors.


LEOSTEIN LLC: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: Leostein, LLC
        211-31 Jamaica Avenue
        Queens Village, NY 11429

Bankruptcy Case No.: 09-45976

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Elizabeth S. Stong

Debtor's Counsel: James G. DeBrosse, Esq.
                  211-31 Jamaica Ave
                  Queens Village, NY 11429
                  Tel: (718) 740-3000
                  Fax: (718) 425-0863
                  Email: WorldRealtyny@yahoo.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtor did not file a list of its 20 largest unsecured
creditors when it filed its petition.

The petition was signed by Leostein, LLC.


LEXINGTON PRECISION: Wants to Borrow $623,854 to Pay Premiums
-------------------------------------------------------------
Lexington Precision Corporation and Lexington Rubber Group, Inc.
ask the U.S. Bankruptcy Court for the Southern District of New
York for authorization to incur secured debt in the amount of
$623,854 from Westfield Bank, FSB for the purpose of financing
premiums for their workmen's compensation liability, employment
practices liability, fiduciary, crime & kidnap & ransom liability,
umbrella liability, and excess umbrella liability policies.

The Debtors' insurance policies expired on July 1, 2009, but have
been renewed subject to the down payment that will be made on
July 30, 2009, and the first premium installment upon the
Bankruptcy Court's approval of the Debtors' proposal.

The $623,854 secured debt represents 75% of the $830,000 insurance
premium under the renewal policies.  As security, Westfiled will
be granted a security interest in the policies which will extend
to all unearned insurance premiums which may become payable under
the policies and loss payments which reduce the unearned insurance
premiums subject to any mortgagee or loss payee interests.

Pursuant to the terms of the Financing Agreement, the Debtors
propose to finance the insurance premiums as follows: (i) the
Debtors will make a cash down payment of $207,951.50 on or before
July 30, 2009 and (ii) an aggregate financed amount of $623,854,
which includes a finance charge equal to an annual percentage rate
of interest of 4.999%, will be payable in nine equal monthly
installment payments, each in the approximate amount of $70,774,
with the initial monthly payment due upon approval of the motion.

                     About Lexington Precision

Headquartered in New York, Lexington Precision Corp. --
http://www.lexingtonprecision.com/-- manufactures tight-tolerance
rubber and metal components for use in medical, automotive, and
industrial applications.  As of February 29, 2008, the Company
employed about 651 regular and 22 temporary personnel.

The Company and its affiliate, Lexington Rubber Group Inc., filed
for Chapter 11 protection on April 1, 2008 (Bankr. S.D.N.Y. Lead
Case No.08-11153).  Christopher J. Marcus, Esq., and Victoria
Vron, Esq., at Weil, Gotshal & Manges, represent the Debtors in
their restructuring efforts.  The Debtors selected Epiq Systems -
Bankruptcy Solutions LLC as claims agent.  The U.S. Trustee for
Region 2 appointed six creditors to serve on an official committee
of unsecured creditors.  Paul N. Silverstein, Esq., and Jonathan
Levine, Esq., at Andrews Kurth LLP, represent the Committee as
counsel.

On June 30, 2008, the Debtors filed with the Bankruptcy Court a
plan of reorganization.  It was amended twice, the latest
amendment dated December 8, 2008.  The Debtors currently plan to
complete the liquidation of their connector-seal business before
seeking approval of the Amended Plan.


LIGHTNING PRINTING: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Lightning Printing, Inc.
           dba Wallace Carlson Company
        10825 Greenbrier Road
        Minnetonka, MN 55305

Bankruptcy Case No.: 09-44727

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       District of Minnesota (Minneapolis)

Judge: Gregory F. Kishel

Debtor's Counsel: Steven B. Nosek, Esq.
            2855 Anthony Ln S, Suite 201
            St Anthony, MN 55418
            Tel: (612) 335-9171
            Fax: (612) 789-2109
            Email: snosek@visi.com

Estimated Assets: $0 to $50,000

Estimated Debts: $1,000,001 to $10,000,000

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/mnb09-44727.pdf

The petition was signed by Brian Turbeville, president of the
Company.


LINCOLN SQUARE GROUP: Case Summary & 20 Largest Unsec. Creditors
----------------------------------------------------------------
Debtor: Lincoln Square Group, LLC
        27 Stonehill Road Unit D
        Oswego, IL 60543

Bankruptcy Case No.: 09-26152

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Bruce W. Black

Debtor's Counsel: Paul M. Bach, Esq.
            Law Offices of Paul M. Bach
            P.O. Box 1285
            Northbrook, IL 60065
            Tel: (847) 564-0808
            Fax: (847) 564-0985
            Email: paul@bachoffices.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/ilnb09-26152.pdf

The petition was signed by Denise Elizondo, member of the Company.


LLOYD STUART CURTIS: Case Summary & 5 Largest Unsecured Creditors
-----------------------------------------------------------------
Joint Debtors: Lloyd Stuart Curtis, Sr.
                  aka Stuart Curtis
                  aka L. Stuart Curtis
               Betty Jane Curtis
                 aka Janie Curtis
               P.O. Box 2349
               Marco Island, FL 34146

Bankruptcy Case No.: 09-15589

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Middle District of Florida (Ft. Myers)

Debtors' Counsel: Stephen R. Leslie, Esq.
                  Stichter, Riedel, Blain & Prosser
                  110 East Madison Street, Suite 200
                  Tampa, FL 33602-4700
                  Tel: (813) 229-0144
                  Email: sleslie.ecf@srbp.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's 5 largest unsecured creditors is available
for free at:

     http://bankrupt.com/misc/flmb09-15589.pdf

The petition was signed by the Joint Debtors.


LLS AMERICA, LLC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: LLS America, LLC
        90 West 500 South #2001
        Bountiful, UT 84010

Bankruptcy Case No.: 09-23021

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Linda B. Riegle

Debtor's Counsel: Gregory E. Garman, Esq.
            3960 Howard Hughes Pky 9th Flr
            Las Vegas, NV 89109
            Tel: (702) 796-5555
            Email: bankruptcynotices@gordonsilver.com

Total Assets: $2,661,584

Total Debts: $24,013,837

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/nvb09-23021.pdf

The petition was signed by Ralph Gamble, CEO of the Company.


LOOP 76 LLC: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Loop 76, LLC
        9943 E. Bell Road
        Scottsdale, AZ 85267

Case No.: 09-16799

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Randolph J. Haines

Debtor's Counsel: Arturo A. Thompson, Esq.
                  Polsinelli Shughart P.C.
                  3636 N. Central Ave., #1200
                  Phoenix, AZ 85012
                  Tel: (602) 650-2084
                  Fax: (602) 916-1646
                  Email: athompson@polsinelli.com

                  John J. Hebert, Esq.
                  Polsinelli Shughart, P.C.
                  3636 N. Central Avenue, Suite 1200
                  Phoenix, AZ 85012
                  Tel: (602) 650-2011
                  Fax: (602) 391-2546
                  Email: jhebert@polsinelli.com

                  Mark W. Roth, Esq.
                  Polsinelli Shughart P.C.
                  3636 N. Central Avenue, Suite 1200
                  Phoenix, AZ 85012
                  Tel: (602) 650-2012
                  Fax: (602) 926.8562
                  Email: mroth@polsinelli.com

Estimated Assets: $10,000,001 to $50,000,000

Estimated Debts: $10,000,001 to $50,000,000

The Debtor did not file a list of its 20 largest unsecured
creditors when it filed its petition.


LUNA TECHNOLOGIES: Case Summary & 35 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Luna Technologies, Inc.
        1 Riverside Circle, Suite 400
        Roanoke, VA 24016

Bankruptcy Case No.: 09-71810

Debtor-affiliates filing separate Chapter 11 petition:

        Entity                                     Case No.
        ------                                     --------
Luna Innovations Incorporated Stone                09-71811

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Western District of Virginia (Roanoke)

Judge: William F. Stone, Jr.

Debtor's Counsel: A. Carter Magee Jr., Esq.
                  Magee Foster Goldstein & Sayers
                  Po Box 404
                  Roanoke, VA 24003
                  Tel: (540) 343-9800
                  Email: cmagee@mfgs.com

                  Garren Robert Laymon, Esq.
                  Magee Foster Goldstein & Sayers
                  Po Box 404
                  Roanoke, VA 24003
                  Tel: (540) 343-9800
                  Email: glaymon@mfgs.com

                  William J. Charboneau, Esq.
                  Magee Foster Goldstein & Sayers
                  Po Box 404
                  Roanoke, VA 24003
                  Tel: (540) 343-9800
                  Email: jcharboneau@mfgs.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $100,001 to $500,000

A full-text copy of the Debtor's petition, including a list of its
35 largest unsecured creditors, is available for free at:

      http://bankrupt.com/misc/vawb09-71810.pdf

The petition was signed by Kent A. Murphy, chief executive officer
of the Company.


LYONDELL CHEMICAL: Court Lets Creditors Proceed With Fraud Lawsuit
------------------------------------------------------------------
Brett Clanton at Houston Chronicle reports that the Hon. Robert
Gerber of the U.S. Bankruptcy Court for the Southern District of
New York has allowed official committee of unsecured creditors to
move forward with fraud claims against Access Industries, the
debtor LyondellBasell's parent, as part of the Company's Chapter
11 bankruptcy case.

Houston Chronicle relates that the creditors are suing Access
Industries chairperson Len Blavatnik and other merger architects
including Wall Street banks.  According to Houston Chronicle, the
committee alleged that backers of LyondellBasell's $12.7 billion
buyout of Lyondell Chemical Co. intentionally pushed a flawed
merger in 2007 to reap short-term profit on the deal.  The
complainants want the Court to require the defendants to pay
LyondellBasell, increasing the amount it has to pay creditors,
Houston Chronicle says.

Citing LyondllellBasell and Access spokespersons, Houston
Chronicle reports that Judge Gerber said that the case must
proceed quickly so it doesn't interfere with LyondellBasell's plan
to emerge from bankruptcy by year-end.  According to the report,
LyondellBasell expects to file the reorganization plan in
September.  Delays could cost $3 million a day, the report states,
citing LyondellBasell.

LyondellBasell spokesperson David Harpole said that the Company is
believes that "the parties to this lawsuit will resolve their
differences in a timely manner," Houston Chronicle relates.

Access Industries has denied the creditors' claims, but a company
spokesperson said that it is pleased Judge Gerber wants to make
the parties speed the case along, Houston Chronicle states.

LyondellBasell Industries is one of the world's largest polymers,
petrochemicals and fuels companies.  It is the global leader in
polyolefins technology, production and marketing; a pioneer in
propylene oxide and derivatives; and a significant producer of
fuels and refined products, including biofuels.  Through research
and development, LyondellBasell develops innovative materials and
technologies that deliver exceptional customer value and products
that improve quality of life for people around the world.
Headquartered in The Netherlands, LyondellBasell --
http://www.lyondellbasell.com/-- is privately owned by Access
Industries.

Basell AF and Lyondell Chemical Company merged operations in 2007
to form LyondellBasell Industries, the world's third largest
independent chemical company.  LyondellBasell became saddled with
debt as part of the US$12.7 billion merger.  On January 6, 2009,
LyondellBasell Industries' U.S. operations and one of its European
holding companies -- Basell Germany Holdings GmbH -- filed
voluntary petitions to reorganize under Chapter 11 of the U.S.
Bankruptcy Code to facilitate a restructuring of the company's
debts.  The case is In re Lyondell Chemical Company, et al.,
Bankr. S.D. N.Y. Lead Case No. 09-10023).  Seventy-nine Lyondell
entities,  including Equistar Chemicals, LP, Lyondell Chemical
Company, Millennium Chemicals Inc., and Wyatt Industries, Inc.
filed for Chapter 11.  In May 2009, one of the cases was dismissed
-- Case No. 09-10068 -- because it is duplicative of Case No. 09-
10040 relating to Debtor Glidden Latin America Holdings.

The Hon. Robert E. Gerber presides over the case.  Deryck A.
Palmer, Esq., at Cadwalader, Wickersham & Taft LLP, in New York,
serves as the Debtors' bankruptcy counsel.  Evercore Partners
serves as financial advisors, and Alix Partners and its subsidiary
AP Services LLC, serves as restructuring advisors.  AlixPartners'
Kevin M. McShea acts as the Debtors' Chief Restructuring Officer.
Clifford Chance LLP serves as restructuring advisors to the
European entities.  Lyondell Chemical estimated that consolidated
assets total US$27.12 billion and debts total US$19.34 billion as
of the bankruptcy filing date.

Lyondell has obtained approximately $8 billion in DIP financing to
fund continuing operations.  The DIP financing includes two credit
agreements: a $6.5 billion term loan, which comprises a
$3.25 billion in new loans and a $3.25 billion roll-up of existing
loans; and a $1.57 billion asset-backed lending facility.

Luxembourg-based LyondellBasell Industries AF S.C.A. and another
affiliate were voluntarily added to Lyondell Chemical's
reorganization filing under Chapter 11 on April 24, 2009, in order
to seek protection against claims by certain financial and U.S.
trade creditors.  On May 8, 2009, LyondellBasell Industries added
13 non-operating entities to Lyondell Chemical Company's
reorganization filing under Chapter 11 of the U.S. Bankruptcy
Code.  All of the entities are U.S. companies and were added to
the original Chapter 11 filing for administrative purposes.  The
filings will have no impact on current business or operations as
none of the entities manufactures or sells products.

Bankruptcy Creditors' Service, Inc., publishes Lyondell Bankruptcy
News.  The newsletter tracks the Chapter 11 proceeding undertaken
by Lyondell Chemical Company and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


M & M EQUITIES: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: M & M Equities, LLC
        P.O. Box 5251
        West Lebanon, NH 03784

Bankruptcy Case No.: 09-12633

Chapter 11 Petition Date: July 16, 2009

Court: United States Bankruptcy Court
       District of New Hampshire Live Database (Manchester)

Judge: Mark W. Vaughn

Debtor's Counsel: Michelle Kainen, Esq.
            Kainen Law Office, P.C.
            PO Box 919
            White River Jct, VT 05001
            Tel: (802) 296-2100
            Fax: (802) 296-2055
            Email: mkainen@sover.net

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/nhb09-12633.pdf

The petition was signed by Treff Moulton, member of the Company.


MARCO FERNANDEZ: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Joint Debtors: Marco Sales Fernandez
               Edith Vea Fernandez
               5029 Gazania Drive
               San Jose, CA 95111

Bankruptcy Case No.: 09-55769

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Northern District of California (San Jose)

Judge: Roger L. Efremsky

Debtors' Counsel: Kenneth R. Graham, Esq.
                  Law Office of Kenneth R. Graham
                  171 Mayhew Way #208
                  Pleasant Hill, CA 94523
                  Tel: (925) 932-0170
                  Email: ken@1031focus.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtors did not file a list of their 20 largest unsecured
creditors when they filed their petition.

The petition was signed by the Joint Debtors.


MARIO PALAZZO: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Mario C. Palazzo
        600 Hilltop Ter
        Cliffside Park, NJ 07010

Bankruptcy Case No.: 09-28629

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       District of New Jersey (Newark)

Judge: Novalyn L. Winfield

Debtor's Counsel: Michael S. Kopelman, Esq.
                  Kopelman & Kopelman LLP
                  55 Main Street
                  Hackensack, NJ 07601
                  Tel: (201) 489-5500
                  Email: kopelaw@yahoo.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Company says it does not have unsecured creditors who are non
insiders when they filed their petition.

The petition was signed by Mr. Palazzo.


MARSHALL SMITH: Case Summary 20 Largest Unsecured Creditors
-----------------------------------------------------------
Joint Debtors: Marshall Smith
               Betsy Smith
               1429 Nita
               Pinckney, MI 48169

Bankruptcy Case No.: 09-33911

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       Eastern District of Michigan (Flint)

Judge: Daniel S. Opperman.Flint

Debtors' Counsel: Peter T. Mooney, Esq.
                  Simen, Figura & Parker
                  5206 Gateway Centre #200
                  Flint, MI 48507
                  Tel: (810) 235-9000
                  Email: pmooney@sfplaw.com

Total Assets: $2,005,700

Total Debts: $3,319,406

A list of the Company's 20 largest unsecured creditors is
available for free at:

          http://bankrupt.com/misc/mieb09-33911.pdf

The petition was signed by the Joint Debtors.


MEDICAL CONNECTIONS: Won't Replace Jansen as Vice President
-----------------------------------------------------------
Medical Connections Holdings, Inc., reports that Luke Jansen
resigned as the Company's vice president effective July 10, 2009.
The resignation was for personal reasons.

The Company does not have any plans to replace Mr. Jansen as vice
president.

                        Going Concern Doubt

The Company has sustained operating losses and its revenue stream
is not sufficient to fund expenses at this time.  The Company has
issued stock to continue to fund operations.  In its quarterly
report on Form 10-Q for the quarterly period ended March 31, 2009,
the Company indicated its continued existence is dependent upon
its ability to generate sufficient cash flows from equity
financing and product revenues.  These items raise substantial
doubt about the Company's ability to continue as a going concern,
it said.

The Company has entered into an agreement to sell its Investment –
N. Carolina House for $400,000.  The transaction was successfully
completed in April 2009.  The agreement is an accommodation to the
Company with a less than 5% shareholder.  The Investment – N.
Carolina House was appraised for $740,000.  In the event that the
contract did not close by March 1, 2009, the Company would have
been obligated to issue the buyer 400,000 shares of restricted
common stock.  The buyer agreed to an extension while the Company
worked on closing the transaction.  The Company received a
$125,000 deposit against the purchase in the first quarter of 2009
which has been applied against the carrying value of the asset.

At March 31, 2009, the Company had $1,683,134 in total assets,
$246,720 in total liabilities, and $27,312,817 in accumulated
deficit.

                     About Medical Connections

Medical Connections Holdings, Inc., and subsidiaries, (the
"Company") is an employment and executive search firm that
provides recruiting services to its clients within the healthcare
and medical industries. The Company was formed in Florida for the
purpose of specializing in the recruitment and placement of
healthcare professionals in a variety of employment settings.

Medical Connections Holdings, Inc., is the parent company of
Medical Connections, Inc., and trades on the NASDAQ OTC B/B as a
fully reporting company under the ticker symbol MCTH.


MEMORIAL HOSPICE: Case Summary 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Memorial Hospice, Inc.
        PO Box 1726
        Clarksdale, MS 38614

Bankruptcy Case No.: 09-13630

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Northern District of Mississippi (Aberdeen)

Judge: David W. Houston III

Debtor's Counsel: Jeffrey K. Tyree, Esq.
                  Harris Jernigan & Geno, PLLC
                  P.O. Box 3380
                  Ridgeland, MS 39158-3380
                  Tel: (601) 427-0048
                  Email: jktyree@harrisgeno.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A list of the Company's 20 largest unsecured creditors is
available for free at:

          http://bankrupt.com/misc/msnb09-13630.pdf

The petition was signed by Vanella N. Campbell, president of the
Company.


MONEYGRAM INT'L: Johnson Resigns as EVP, Gen. Counsel & Secretary
-----------------------------------------------------------------
Teresa H. Johnson, Executive Vice President, General Counsel and
Secretary of MoneyGram International, Inc., and MGI have entered
into a Separation Agreement and Release of All Claims, dated as of
July 16, 2009, pursuant to which Ms. Johnson's employment with MGI
will cease due to retirement effective September 30, 2009.

Under the Separation Agreement, contingent upon Ms. Johnson
signing a release of claims, Ms. Johnson will receive these
benefits:

     (i) $875,000 as severance payable in a lump sum on the first
         business day of the 7th month following Ms. Johnson's
         separation from service;

    (ii)(x) provided that MGI actually achieves the criteria
         requisite to make payments in respect of awards for 2009
         under MGI's Management and Line of Business Incentive
         Plan or the Board of Directors of MGI authorizes MGI to
         make payments in respect of MIP awards as if the
         requisite criteria for 2009 had been met for such year
         under the MIP and (y) MGI in fact makes payments in
         respect of MIP awards for 2009 to all or substantially
         all of the MGI Leadership Team MIP participants for such
         year, a prorated MIP award for 2009 (not to exceed 75% of
         Ms. Johnson's annual target incentive opportunity for
         2009) payable on the date payments are made to the other
         MIP participants;

   (iii) special retirement benefits under MGI's Supplemental
         Pension Plan as she would have been entitled to be paid
         had her employment been terminated by MGI without "Cause"
         -- as such term is defined in MGI's Special Executive
         Severance Plan (Tier I)) on the Separation Date;

    (iv) reimbursement of up to $7,500 of legal fees associated
         with the Separation Agreement, and

    (vi) a lump sum payment of (x) Ms. Johnson's unpaid but
         accrued salary as of the Separation Date, (y) Ms.
         Johnson's unused vacation days for 2009 and (z) any
         accrued but unpaid business expenses incurred by Ms.
         Johnson as of the Separation Date.

Ms. Johnson also will be eligible for retiree medical insurance
coverage under MGI's retiree medical plan.  The Separation
Agreement provides that if the payments to Ms. Johnson under the
Separation Agreement cause Ms. Johnson to be subject to an excise
tax under Section 4999 of the Internal Revenue Code of 1986, MGI
will pay Ms. Johnson a tax "gross-up" payment in an amount
sufficient to allow Ms. Johnson to pay all excise taxes without a
reduction in severance benefits.

The Separation Agreement also provides for mutual non-
disparagement obligations and provides that Ms. Johnson continues
to be bound by the obligations set forth in the Employee Trade
Secret, Confidential Information and Post-Employment Restriction
Agreement between Ms. Johnson and MoneyGram Payment Systems, Inc.

The Separation Agreement provides that on the Separation Date Ms.
Johnson and MGI will enter into a Consulting Agreement in
substantially the form attached to the Separation Agreement. Ms.
Johnson will provide consulting services to MGI for a period of
three years following the Separation Date.

The Consulting Agreement provides that the consulting services
will in no event be in excess of 20% of the average level of
services performed by Ms. Johnson for MGI during the 36 months
preceding the effective date of the Consulting Agreement.  Ms.
Johnson will receive a consulting fee of $175,000 per annum for
such services payable in quarterly installments.

In the event of a termination of the Consulting Agreement due to
Ms. Johnson's death or by MGI without Cause, Ms. Johnson, or her
estate, as applicable, will receive the portion of the consulting
fees she would have received had she continued to render
consulting services to MGI through the consulting period, payable
in a lump sum within 30 days of termination of the Consulting
Agreement.  The Consulting Agreement includes mutual non-
disparagement obligations and provides that Ms. Johnson continues
to be bound by the obligations set forth in the Post-Employment
Restriction Agreement through the end of the consulting period.

                  About MoneyGram International

Headquartered in Minneapolis, Minnesota, MoneyGram International
Inc. (NYSE: MGI) -- http://www.moneygram.com/-- is a global
payment services company.  The company's major products and
services include global money transfers, money orders and payment
processing solutions for financial institutions and retail
customers.  MoneyGram is a New York Stock Exchange listed company
with approximately 157,000 global money transfer agent locations
in 180 countries and territories.

At March 31, 2009, the Company had $6,253,027,000 in total assets;
$6,278,617,000 in total liabilities; $770,431,000 in total
mezzanine equity; and $796,021,000 in stockholders' deficit.

                         *      *      *

As reported by the Troubled Company Reporter on April 1, 2009,
Fitch Ratings has affirmed the Issuer Default Ratings for
MoneyGram International Inc. and MoneyGram Payment Systems
Worldwide, Inc., at 'B+'.


MONTGOMERY REALTY: Section 341(a) Meeting Set for August 11
-----------------------------------------------------------
The first meeting of creditors in Montgomery Realty Group, Inc.'s
bankruptcy case will be held on August 11, 2009, at 10:00 a.m. at
the San Francisco U.S. Trustee Office.  Proofs of claim are due by
November 9, 2009.

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 officer of the
Debtor under oath about the Debtor's financial affairs and
operations that would be of interest to the general body of
creditors.

Based in San Francisco, Montgomery Realty Group, Inc. filed for
Chapter 11 relief on July 6, 2009 (Bankr. C.D. Calif. Case No.
09-31879.  Montgomery leases and operates improved properties.
Michael St. James, Esq., at St. James Law, represents the Debtor
as counsel.  When the Debtor filed for protection from its
creditors, it listed total assets of between $10 million and
$50 million each in assets and debts.


MONTGOMERY REALTY: Wants Court's Nod to Use Cash Collateral
-----------------------------------------------------------
Montgomery Realty Group, Inc., asks the U.S. Bankruptcy Court for
the Central District of California for authority to use its
secured creditors' cash collateral, principally consisting of
rents generated from its properties, to pay property expenses, to
fund payments of interest to its secured creditors, and to use any
excess rents in the ordinary course of its operations.

MRG has four real property assets: commercial office buildings
located at 710 Sansome Street and 447 Battery Street in San
Francisco, the Glen Oaks Apartment house in Austin, Texas and the
sole member's interest in Montgomery Realty Group, LLC, an
affiliated Debtor, which owns the Concord Park & Shop shopping
center.

Montgomery's Sansome property is subject to a first deed of trust
securing a promissory note in the amount of $4,206,028 payable to
Bank of America, N.A., as trustee for the Registered Certificate
Holders of GMAC Commercial Mortgage Securities, Inc. Mortgage Pass
Through Certificate Series 1999-WF2, acting through Capmark
Financial, Inc. (GMAC CMBS).

The property is also encumbered by a second deed of trust in favor
of California Mortgage and Realty Trust, securing a debt in the
amount of $1,110,517.

As adequate protection, Montgomery proposes to pay from the
monthly rents derived from the Sansome property the amount of
$18,174 per month, equivalent to interest at 5.25%, which it
believes will be more than sufficient to protect GMAC CMBS'
interest in the property.  Montgomery also proposes to pay the
amount of $6,250 per month, equivalent to interest at 7.5%, as
adequate protection to California Mortgage and Realty Trust's
interest in the property.

Montgomery's Battery property is encumbered to East West Bank
for $5,735,000.

As adequate protection, the Debtor proposes to pay the unused
balance of the monthly rents derived from the Battery property, to
protect East West Bank's interest.

California Mortgage & Realty Trust holds a first deed of trust in
the Glen Oaks property which secures a note in the amount of
$2,300,000 and a second deed of trust which secures another note
in the same amount of $2,300,000.  The first deed of trust has
been assigned to First Street Commercial Mortgate.

The Debtor does not propose to fund adequate protection payments
for the secured creditors of the Glen Oaks property since all
revenues to be generated by the property will be spent for urgent
repairs, and because, according to the Debtor, the funding for
these repairs constitutes a form of adequate protection to the
secured creditors.

Based in San Francisco, Montgomery Realty Group, Inc. filed for
Chapter 11 relief on July 6, 2009 (Bankr. C.D. Calif. Case No.
09-31879.  Montgomery leases and operates improved properties.
Michael St. James, Esq., at St. James Law, represents the Debtor
as counsel.  When the Debtor filed for protection from its
creditors, it listed total assets of between $10 million and
$50 million each in assets and debts.


MONTGOMERY REALTY: Wants to Access Cash Securing GMAC CMBS Loan
---------------------------------------------------------------
Montgomery Realty Group, Inc., asks the U.S. Bankruptcy Court for
the Northern District of California for authority to:

   -- use cash securing repayment of loan with Bank of America,
      N.A. as Trustee for the Registered Certificate Holders of
      GMAC Commercial Mortgage Securities, Inc. Mortgage Pass
      Through Certificate Series 1999-WF2, acting through Capmark
      Financial, Inc.; and

   -- to fund payments of adequate protection.

The Debtor has four real property assets: commercial office
buildings located at 710 Sansome Street and 447 Battery Street in
San Francisco, the Glen Oaks Apartment house in Austin, Texas and
the sole member's interest in Montgomery Realty Group, LLC, an
affiliated Debtor, which owns the Concord Park & Shop shopping
center.

The Debtor related that it needs to use the monthly rents,
separately for each property, to fund the payment of ordinary
operating expenses of the property.

San Francisco, California-based Montgomery Realty Group, Inc.
leases and operates improved properties.

The Company filed for Chapter 11 on July 6, 2009 (Bank. N. D.
Calif. Case No. 09-31879.)  The Debtor has assets and debts both
ranging from $10,000,001 to $50,000,000.


MONTGOMERY REALTY: Wants to Hire St. James and McNutt as Counsel
----------------------------------------------------------------
Montgomery Realty Group, Inc., asks the U.S. Bankruptcy Court for
the Central District of California for authority to employ
St. James Law, P.C., and McNutt Law Group LLP as its counsel.

St. James Law will act as lead counsel, and will take primary
responsibility for the preparation and prosecution of the Debtor's
plan of reorganization and its response to any motions for relief
from stay.  St. James Law has a single full-time professional
employee, Michael St. James, whose current hourly rate is $525.00
per hour.

McNutt Law Group will take primary responsibility for the
preparation of the schedules and statement of financial affairs,
and the Debtor's representation at the Section 341 hearing and in
connection with the initial debtor interview to be administered by
the Office of the United States Trustee, as well as with respect
to the preparation and filing of monthly operating reports.
Marianne Dickson, Esq., who is expected to perform most of these
services, currently bills at $275 per hour.

Based in San Francisco, Montgomery Realty Group, Inc. filed for
Chapter 11 relief on July 6, 2009 (Bankr. C.D. Calif. Case No.
09-31879).  Montgomery leases and operates improved properties.
Michael St. James, Esq., at St. James Law, represents the Debtor
as counsel.  When the Debtor filed for protection from its
creditors, it listed total assets of between $10 million and
$50 million each in assets and debts.


MOORE-HANDLEY: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Moore-Handley, Inc.
        3140 Pelham Parkway
        Pelham, AL 35124

Case No.: 09-04198

Type of Business: The Debtor operates a hardware and building
material distributing business.

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Northern District Of Alabama (Birmingham)

Judge: Thomas B. Bennett

Debtor's Counsel: Christopher L. Hawkins, Esq.
            Bradley Arant Rose & White
            1819 5th Ave N
            Birmingham, AL 35203
            Tel: (205) 521-8556
            Email: chawkins@bradleyarant.com

            Jennifer Anne Harris, Esq.
            Bradley Arant Rose & White LLP
            One Federal Place
            1819 Fifth Avenue North
            Birmingham, AL 35203
            Tel: (205) 521-8400
            Fax: (205) 488-6400
            Email: jharris@bradleyarant.com

Estimated Assets: $10,000,001 to $50,000,000

Estimated Debts: $10,000,001 to $50,000,000

The petition was signed by Michael J. Gaines, the company's
president.

Debtor's List of 20 Largest Unsecured Creditors:

  Entity                       Nature of Claim        Claim Amount
  ------                       ---------------        ------------
Moore-Handley, Inc.            Employee pension       $3,735,236
Salaried Pension               plan-underfunded
Plan

Moore-Handley, Inc.            Employee pension       $689,478
Hourly Employee's              plan-underfunded
Retirement Plan

Midwest Fasteners Corp         Trade debt             $453,416

Reliance Water Heater Ind      Trade debt             $426,217

Croft LLC                      Trade debt             $384,263

Great Southern Wood Pres       Trade debt             $310,881

Quikrete Co                    Trade debt             $273,729

Lomanco                        Trade debt             $255,914

Gardner Asphalt Corp           Trade debt             $229,514

Tamko Roofing Corporation      Trade debt             $224,445

B & K/Mueller Industries       Trade debt             $211,037

Advanced Drainage              Trade debt             $203,925

Nibco Inc.                     Trade debt             $203,739

Silver-Line Plastics           Trade debt             $202,233

Oatey Supply Chain Serv        Trade debt             $192,511

Primesource Bldg Product       Trade debt             $182,114

Cooper Wiring Devices          Trade debt             $159,959

Irwin Industrial Tool Co       Trade debt             $154,007

PPG/Lucite                     Trade debt             $147,351

Minwax Co Inc.                 Trade debt             $145,877


NEWPARK RESOURCES: S&P Downgrades Corporate Credit Rating to 'B-'
-----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Newpark Resources Inc. to 'B-' from 'B'.  S&P removed
the rating from CreditWatch, where it was placed with negative
implications on May 27, 2009.  The outlook is negative.

"The downgrade of the corporate credit rating to 'B-' from 'B'
takes into account S&P's concerns about the very challenging
market conditions that the North American oilfield service
industry is currently facing," said Standard & Poor's credit
analyst Amy Eddy.  Low natural gas prices have prompted many
exploration and production companies to significantly curtail
capital spending, which has caused a severe drop-off in demand for
oilfield services.  S&P expects that poor industry conditions may
exist for several quarters, resulting in depressed operating
levels and pricing pressure that could further erode profitability
and cash flow.

Houston-based Newpark had $204 million of total adjusted debt as
of March 31, 2009.

In S&P's opinion, the company's business risk profile is
vulnerable.

Although Newpark has a solid niche position in the oilfield
services sector through its drilling fluid business, revenue in
this segment is highly correlated to the level of drilling
activity in North America.  For example, during the first quarter
of 2009, the North American rig count was down by nearly 50% from
mid-2008 peak levels and the company's revenue decreased a similar
amount quarter over quarter.  Although Newpark has announced
cost-cutting initiatives of roughly $40 million per year, natural
gas prices which dictate future industry demand are beyond the
company's control.

Newpark's highly leveraged financial risk profile reflects a sharp
drop in credit metrics as a result of tepid industry demand.
Although, debt to EBITDA and EBITDA to interest on a trailing-12-
month basis compare favorably to industrial medians at slightly
more than 2x and more than 5x, respectively, S&P expects these
measures to worsen considerably for the next several months.
During the first quarter of 2009, the company reported negative
levels of EBITDA.

The negative outlook reflects S&P's concern that continued
weakness in oilfield services markets over the near term could
continue to pressure Newpark's credit quality.  If liquidity
deteriorates materially from current levels S&P could lower the
rating.  Stabilization of ratings at the current 'B-' level would
necessitate a few quarters of strengthening operating levels,
margins, and cash flow.


NEXCEN BRANDS: To File Restated 2007 Annual Report by July 31
-------------------------------------------------------------
NexCen Brands, Inc., anticipates being able to file with the
Securities and Exchange Commission by July 31, 2009, an amended
Annual Report on Form 10-K/A for the year ended December 31, 2007,
which will include a restatement of its 2007 financial results.

The Company anticipates being able to file by August 31, 2009, its
Annual Report on Form 10-K for the year ended December 31, 2008,
and its Quarterly Report on Form 10-Q for the quarter ending
March 31, 2009.

The Company plans to hold an investor conference call following
each of the filings to review in greater detail the respective
financial and operating results.

On July 1, 2009, NexCen Brands reported selected preliminary
unaudited financial results for the first quarter of 2009,
announced second quarter 2009 operational highlights and reported
selected preliminary unaudited financial results for the 2008
fiscal year.  The Company said it is in the final stages of
completing its 2008 audited financial statements and 2008 Annual
Report on Form 10-K, along with the restatement and amendment of
its 2007 Annual Report on Form 10-K.

NexCen expects to report revenues from its franchise business, its
only operating segment, of roughly $12 million for the first
quarter of 2009, a $2 million and 15% increase over first quarter
2008 revenues of roughly $10 million.  First quarter 2009 results
fully reflect the acquisition of Great American Cookies and the
joint venture interest in Shoebox New York, which were completed
in January 2008.  On a pro-forma basis, assuming the two
transactions had been completed on January 1, 2008, revenues from
continuing operations were roughly $12 million for the first
quarter of 2008.

Among other things, the preliminary financial results for the
first quarter of 2009 include:

     -- The Company's cash on hand at March 31, 2009, was roughly
        $8 million, remaining consistent with cash on hand at
        December 31, 2008;

     -- The amount of the Company's outstanding debt was roughly
        $142 million at March 31, 2009, remaining level with the
        amount of outstanding debt at December 31, 2008;

     -- The Company's overall effective interest rate and related
        interest expense related to its outstanding debt declined
        due to repayments of principal in the fourth quarter of
        2008, modification of interest rates in the first quarter
        of 2009 and declines in LIBOR rates.  The Company's
        average effective interest rate for its credit facility
        was 6.8% and 6.6% in the first and second quarters of
        2009, respectively, as compared to an average rate of 8.6%
        in the fourth quarter of 2008.  The average monthly cash
        interest expense was $822,000 and $780,000 in the first
        and second quarters of 2009, respectively, as compared to
        average monthly cash interest expense of $1.0 million in
        the fourth quarter of 2008.

The Company also provided an update regarding business activities
during the second quarter ending June 30, 2009, which includes,
among other things:

     -- The Company has executed franchise agreements for 20 new
        franchise units across its seven franchise businesses in
        the second quarter, versus franchise agreements for 24 new
        franchise units in the first quarter of 2009.

     -- NexCen's pipeline of franchise stores to be opened
        pursuant to Letters of Intent and Franchise Agreements
        increased to 367 stores at June 30, 2009, versus 310
        stores at March 31, 2009.

     -- The Company continued to expand its global footprint and
        international presence in the second quarter of 2009.

     -- NexCen continued to make progress with the integration of
        Pretzel Time and Pretzelmaker into one brand,
        Pretzelmaker, which will be the second largest pretzel
        concept in the United States by number of franchised
        stores.

     -- The Company executed on much of its rebranding strategy
        for Marble Slab Creamery.

NexCen expects to report revenues from continuing operations of
its franchise business of roughly $47 million for the year ended
December 31, 2008, compared to roughly $20 million for the year
ended December 31, 2007, an increase of $27 million or 139%.  The
results for 2008 fully reflect the acquisitions completed in 2007,
and include the acquisition of Great American Cookies and the
joint venture interest in Shoebox New York that were completed in
January 2008.  On a pro forma basis, assuming all acquisitions of
franchised brands had been completed on January 1, 2007, revenues
from continuing operations were roughly $50 million for 2007 and
$49 million for 2008.

Among other things, the preliminary financial results for the year
ended December 31, 2008, from continuing operations include:

     -- The Company's cash on hand at December 31, 2008, was
        roughly $8 million as compared to cash on hand of
        $47 million at December 31, 2007.

     -- The amount of the Company's outstanding debt was roughly
        $142 million at December 31, 2008, an increase of
        $32 million as compared to the amount of outstanding debt
        of roughly $110 million at December 31, 2007.  The
        acquisition of Great American Cookies completed in
        January 2008 substantially increased the outstanding debt
        to roughly $179 million, which was then subsequently
        reduced.

Revenues relating to NexCen's consumer branded licensing business,
which consisted of Bill Blass and Waverly, will be reported as
discontinued operations due to the sale of those businesses
completed in 2008.

The Company's efforts in 2008 to stabilize its financial
condition, enhance its liquidity, and position itself for long-
term viability and future growth had a significant negative impact
on its 2008 financial results.  The Company's total operating
expenses increased materially in 2008, as compared to 2007, due
primarily to impairment related to intangible assets, significant
increases in restructuring charges, loss on the sale of Bill Blass
and Waverly, and increased professional fees related to internal
and external investigations and the restructuring of its debt
facility.

The Company expects that its balance sheet as of December 31,
2008, will reflect significant reductions in the value of its
intangibles, which comprise its principal assets, due to
anticipated impairment charges of roughly $242 million in 2008 and
the sale of the Bill Blass and Waverly businesses.  The
anticipated loss on sale for those businesses is roughly
$7 million.

                        About NexCen Brands

Based in New York, NexCen Brands, Inc. (PINK SHEETS: NEXC.PK) --
http://www.nexcenbrands.com/-- acquires and manages global
brands, generating revenue through licensing and franchising.  The
Company own and license the Bill Blass and Waverly brands, well as
seven franchised brands.  Two franchised brands -- The Athlete's
Foot and Shoebox New York -- sell retail footwear and accessories.
Five are quick-service restaurants -- Marble Slab Creamery,
MaggieMoo's, Pretzel Time, Pretzelmaker, and Great American
Cookies.

The Company licenses and franchises its brands to a network of
leading retailers, manufacturers and franchisees that generate
$1.3 billion in retail sales in more than 50 countries around the
world.  The franchisees operate approximately 1,900 franchised
stores.  Franchisee support and training is provided at NexCen
University, a state-of-the-art facility located in Atlanta.

                          *     *     *

The company believes that there is substantial doubt about its
ability to continue as a going concern, and pending completion of
an independent review, that this substantial doubt also may have
existed at the time the company filed its 2007 10-K.  The audit
committee of the Company's Board of Directors has retained
independent counsel to conduct an independent review of the
situation.

The company has concluded that its 2007 financial statements
should no longer be relied upon and no reliance should be placed
upon KPMG's audit report dated March 20, 2008, or its report dated
March 20, 2008, on the effectiveness of internal control over
financial reporting as of December 31, 2007.

NexCen also announced that it is actively exploring all strategic
alternatives to enhance its liquidity, including potential capital
market transactions, the possible sale of one or more of its
businesses, and discussions with the company's lender.  In
addition, the company will take immediate steps to reduce
operating expenses.


NEXSTAR BROADCASTING: Appoints Carter as Chief Financial Officer
----------------------------------------------------------------
Nexstar Broadcasting Group, Inc., reports that effective August 3,
2009, it is appointing Thomas E. Carter as Chief Financial Officer
of the Company.  Mr. Carter will assume the CFO position from
Shirley E. Green, who has served as the Company's Interim CFO
since May 11, 2009 and who will continue as Nexstar's Vice
President, Controller and Secretary.

Prior to joining Nexstar, Mr. Carter, 51, most recently served as
Managing Director, Media Telecom Corporate Investment Banking at
Banc of America Securities, which he joined in 1985.  In this
position, he acted as the senior banker responsible for delivering
bank products and services including M&A, private and public
equity, high-yield debt, fixed income derivatives, syndicated
financial products and treasury management for selected clients
across the broadcasting, cable, publishing and media industries,
including Nexstar.  Mr. Carter began his banking career in 1980,
serving for five years in various roles in Corporate and
International Banking at a predecessor to JPMorgan Chase.

Under the terms of Mr. Carter's employment agreement, which is
dated July 13, 2009, Mr. Carter will receive an annual base salary
as set forth:

     Period                                        Base Salary
     ------                                        -----------
     From August 3, 2009 through August 2, 2010      $390,000
     From August 3, 2010 through August 2, 2011      $400,000
      From August 3, 2011 through August 2, 2012     $410,000
     From August 3, 2012 through August 2, 2013      $420,000
     After August 3, 2013                            $430,000

In addition, Mr. Carter is eligible to receive a discretionary
annual bonus targeted at 50% of his annual base salary, which is
determined by the achievement of certain criteria established by
the CEO and the Compensation Committee of the Board of Directors
of the Company.  Mr. Carter is further granted a nonqualified
stock option, under the Company's equity incentive plan, to
purchase 100,000 shares of the Company's common stock at an
exercise price per share equal to the closing price of the
Company's common stock on August 3, 2009.  The option will vest
and become exercisable 20% per year beginning on the first
anniversary of the Grant Date. The option expires 10 years from
the Grant Date.

Pursuant to the terms of the employment agreement, Mr. Carter is
entitled to severance benefits in the event that either the
Company terminates him without cause or he resigns for good
reason.  The severance amount consists of one year of Mr. Carter's
annual base salary and paid COBRA premiums for the one year period
following termination.

Mr. Carter's employment is at will. Mr. Carter will not be allowed
to compete with Nexstar and its business during his employment
with the Company and for a one-year period thereafter.

There are no family relationships between Mr. Carter and any
director or executive officer of Nexstar and no arrangement or
understanding, outside of the employment agreement, pursuant to
which Mr. Carter was appointed as Chief Financial Officer of the
Company.

                    About Nexstar Broadcasting

Nexstar Broadcasting Group, Inc., as of March 31, 2009, owned,
operated, programmed or provided sales and other services to 58
television stations, all of which were affiliated with the NBC,
ABC, CBS, Fox, MyNetworkTV, The CW, RTN and TVA television
networks, in markets located in New York, Pennsylvania, Illinois,
Indiana, Missouri, Texas, Louisiana, Arkansas, Alabama, Utah,
Massachusetts Florida, Montana and Maryland.  Through various
local service agreements, Nexstar provided sales, programming and
other services to stations owned or operated by independent third
parties.  Nexstar operates in one reportable television
broadcasting segment.

Nexstar is highly leveraged, which makes it vulnerable to changes
in general economic conditions.  Nexstar's ability to repay or
refinance its debt will depend on, among other things, financial,
business, market, competitive and other conditions, many of which
are beyond Nexstar's control.

As of March 31, 2009, the Company had $615,439,000 in total assets
and $774,114,000 in total liabilities, resulting in $158,675,000
in stockholders' deficit.


NOVA CHEMICALS: Cancels Registration of Common Shares
-----------------------------------------------------
Nova Chemicals Corporation made a Form 15 filing with the
Securities and Exchange Commission to terminate the registration
of its common shares.

Nova Chemicals also filed a Post-Effective Amendment relating to
various Form S-8 Registration Statements pertaining to NOVA
Chemicals' common shares.

As reported by the Troubled Company Reporter on July 8, 2009,
International Petroleum Investment Company and NOVA Chemicals
Corporation completed on July 6, 2009, the acquisition of NOVA
Chemicals by way of a plan of arrangement.  NOVA Chemicals will
continue to operate its chemicals and plastics business from its
North American base.

As reported by the TCR on July 20, 2009, Moody's Investors Service
raised Nova Chemicals' Corporate Family Rating to Ba3 from B2
following the closing of its acquisition by the International
Petroleum Investment Company (rated Aa2) for $6.00 per share.
Coincident with the acquisition IPIC contributed $350 million of
additional equity ($200 million in cash and conversion of $150
million loan to equity).  The outlook is stable.

Moody's also raised its ratings on NOVA's unsecured debt to B1
from B3 and affirmed its Speculative Grade Liquidity rating at
SGL-3.  These actions conclude the review initiated on
February 23, 2009.

The TCR said July 9, 2009, Fitch Ratings took various rating
actions on the Issuer Default Rating and outstanding debt ratings
of NOVA Chemicals after the closing of its acquisition by the
International Petroleum.  The company's Rating Outlook is Stable.
Fitch took these actions:

  -- IDR upgraded to 'B+' from 'B-';

  -- Secured revolver upgraded to 'BB+/RR1' from 'BB-/RR1';

  -- Series 'A' preferred notes upgraded to 'BB+/RR1' from 'BB-
     /RR1';

  -- Senior unsecured revolver revised to 'B+/RR4' from 'BB-
     /RR1'.

  -- Senior unsecured notes revised to 'B+/RR4' from 'BB-/RR1'.

                       About Nova Chemicals

NOVA Chemicals Corporation -- http://www.novachemicals.com/--
develops and manufactures chemicals, plastics and other end-
products.  NOVA Chemicals shares are traded as NCX on the Toronto
and New York stock exchanges.


NRG ENERGY: Fitch Retains Evolving Watch on 'B' Issuer Rating
-------------------------------------------------------------
NRG Energy Inc. (IDR 'B') remains on Rating Watch Evolving
following the termination of Exelon Corp's (EXC, IDR 'BBB+')
unsolicited offer to acquire NRG.  The Rating Watch Evolving
signifies that Fitch may upgrade, downgrade or affirm NRG's
ratings.

Ratings on Rating Watch Evolving:

  -- Issuer Default Rating (IDR) at 'B';

  -- Senior secured term loan B at 'BB/RR1';

  -- Senior secured revolving credit facility at 'BB/RR1';

  -- Senior secured synthetic letter of credit facility at
     'BB/RR1';

  -- Senior notes at 'B+/RR3'.

Fitch believes that NRG's operating and financial performance in
light of the current recessionary economy and falling wholesale
power price environment has been strong.  However, the continued
low commodity price environment, as well as, the recent closing of
the acquisition of the Reliant Energy retail business, which has
the potential to be very capital intensive, and the subsequent
issuance of $700 million of senior notes to unwind the Merrill
Lynch credit sleeve related to that businesses could impact
Fitch's ratings and recovery estimates.  Fitch expects to update
the Rating Watch status following a full review NRG in the coming
weeks.


NV BROADCASTING: Selects BMC Group as Claims and Balloting Agent
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
NV Broadcasting LLC and its debtor-affiliates to employ BMC Group,
Inc., as claims, noticing, and balloting agent.

The firm will:

  a) prepare and serve those notices required in the bankruptcy
     cases;

  b) receive, record and maintain copies of all proofs of claim
     and proofs of interest filed in the bankruptcy cases;

  c) create and maintain the official claims register(s);

  d) receive and record all transfers of claims pursuant to
     Bankruptcy Rule 3001(e);

  e) maintain an up-to-date mailing list for all entities who have
     filed proofs of claim and requests for notices in the
     bankruptcy cases;

  f) assist the Debtors and their counsel with the administrative
     management, reconciliation and resolution of claims;

  g) print, mail and tabulate ballots for purposes of plan voting;

  h) assist with the preparation of and maintenance of the
     Debtors' schedule of assets and liabilities, statements of
     financial affairs and other master lists and databases of
     creditors, assets and liabilities;

  l) assist with the production of reports, exhibits and schedules
     of information to be used by the Debtors or to be delivered
     by the Court, the Clerk's Office, the U.S. Trustee or third
     parties;

  j) provide other technical and document management services of a
     similar nature requested by Debtors or the Clerk's office;

  k) facilitate or perform distributions; and

  i) assist the Debtors with all analyses and collections of
     avoidance actions pursuant to Chapter 5 of the Bankruptcy
     Code.

Papers filed with the Court did not show the firm's standard
hourly rates.

The Debtors assure the Court that the firm is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

                    About New Vision Television

New Vision Television -- http://newvisiontv.com/-- owns and
operates 14 major network-affiliated television stations across
the United States.   It has corporate offices in Atlanta and Los
Angeles.

NV Broadcasting LLC, doing business as New Vision Television, and
its affiliates, NV Media LLC and NV Television LLC, filed for
Chapter 11 on July 13, 2009 (Bankr. D. Del. Case No. 09-12473).
NV Broadcasting listed $10 million to $50 million in assets and
$100 million to $500 million in liabilities in its petition.

Attorneys at Locke Lord Bissell & Liddell LLP serve as general
bankruptcy counsel.  The PBC Debtors selected Womble Carlyle
Sandridge & Rice, PLLC, as their counsel.  Moelis & Company LLC
serves a financial advisor.  The claims agent is BMC Group Inc.


OCCULOGIX INC: Raises $1.55MM by Selling 12% Convertible Notes
--------------------------------------------------------------
OccuLogix, Inc., dba TearLab Corporation, last week entered into
and closed an agreement with certain investors whereby the
investors agreed to provide financing to the Company through the
purchase of convertible secured notes, in the aggregate amount of
$1.55 million.

The convertible secured notes evidencing the Financing, mature on
the second anniversary of their issuance, bear interest at a rate
of 12% per annum, and are convertible into shares of the Company's
common stock upon the request of holders of 51% or more of the
outstanding principal amount of the Notes at any time after
August 31, 2009, and prior to the Maturity Date.

The conversion price of the Notes -- Discount Price -- will be 80%
of the volume weighted average price on the NASDAQ stock market
for the ten trading days prior to August 31, 2009, provided that
the Discount Price will not exceed $2.40 per share and will not be
less than $0.25 per share.  Any conversion is limited to prevent
the number of shares issued upon conversion of the Notes from
exceeding 19.9% of the outstanding common stock of the Company,
measured prior to the date of the Financing.

In connection with the Financing, the Company will issue warrants
to purchase shares of common stock equal in value to 10% of the
aggregate principal amount of the notes.  The exercise price of
the Warrants is $1.60 per common share representing the price per
share equal to the closing bid price per share of the Company's
common stock on the NASDAQ stock market on July 15, 2009.

The Notes are secured by substantially all of the assets of the
Company and the financing is subject to customary conditions to
closing.  The Financing is subject to final acceptance by the
Toronto Stock Exchange.

Richard Lindstrom, M.D., and Tom Davidson, both of whom are
directors of the Company, invested $100,000 each in the Financing.
Greybrook Corporation, an entity controlled by Elias Vamvakas,
Chairman and Interim CEO of the Company, or members of his family,
invested $110,000 in the Financing.  Nasdaq Listing Rule 5635(c)
states that any sale of discounted stock to employees, officers or
directors constitutes "equity compensation," and therefore
requires stockholder consent prior to issuance.

In connection with the investment, the Company has entered into
side letter agreements with Dr. Lindstrom and Messrs. Vamvakas and
Davidson pursuant to which they each agreed not to convert their
Note into shares of common stock of the Company unless and until
the stockholders have approved such conversion in accordance with
NASDAQ rules.

Prior to closing the Financing, the Company entered into
agreements with all salaried members of the management team where
they agreed to reductions of up to one-third in their salaries.
These salary reductions are part of a number of cost cutting
measures put in place by the management team.

"Currently, in difficult economic times it's essential for
companies to properly manage and allocate capital.  TearLab is
fortunate to have a team of dedicated individuals who understand
the realities and constraints of today's economy and are committed
to making the Company's long term success their top priority."
commented Elias Vamvakas, Chairman and Interim CEO of the Company.

                        Going Concern Doubt

In its Form 10-Q report for the quarterly period ended March 31,
2009, the Company indicated it has sustained substantial losses of
$14,181,433 for the year ended December 31, 2008, and $1,002,591
and $2,277,075 for the three months ended March 31, 2009, and
2008, respectively.  The Company's working capital at March 31,
2009, was $326,714, which represented a $1,222,867 decrease in its
working capital from $1,549,581 at December 31, 2008.  As a result
of the Company's history of losses and financial condition, there
is substantial doubt about the ability of the Company to continue
as a going concern.  Management believes the Company's existing
cash will be sufficient to cover its operating and other cash
demands only until the beginning of June 2009, if it does not
successfully complete the first stage of its current fund raising
activities by the beginning of June 2009.

The Company said a successful transition to attaining profitable
operations is dependent upon obtaining additional financing
adequate to fund its planned expenses and achieving a level of
revenues adequate to support the Company's cost structure.  The
Company said it was seeking additional convertible debt financing
to support its operations until it becomes cash flow positive.
There can be no assurances that there will be adequate financing
available to the Company on acceptable terms or at all.

"If the Company is unable to obtain additional financing, the
Company would need to significantly curtail or reorient its
operations during 2009, which could have a material adverse effect
on the Company's ability to achieve its business objectives and as
a result may require the Company to file for bankruptcy or cease
operations," the Company said.

At March 31, 2009, the Company had $11,641,845 in total assets,
including $1,939,352 in total current assets; $1,612,638 in total
current liabilities, $942,622 in deferred income tax liability,
and $250,000 in contingently redeemable common stock; and
$368,659,962 in accumulated deficit.

                          About OccuLogix

Headquartered in San Diego, California, OccuLogix, Inc.,
dba TearLab Corporation (NASDAQ:TEAR)(TSX:TLB) --
http://www.tearlab.com-- develops and commercializes lab-on-a-
chip technologies that enable eye care practitioners to improve
standard of care by quantitatively testing for disease markers in
tears at the point-of-care.  TearLab is currently marketed
globally in more than 14 countries including the US.


OCCULOGIX INC: Slashes Executive Officers' Annual Base Salaries
---------------------------------------------------------------
OccuLogix, Inc., dba TearLab Corporation, on July 13, 2009,
entered into agreements with William G. Dumencu, Chief Financial
Officer, and Benjamin Sullivan, Chief Scientific Officer,
providing for reductions to such named executive officers' annual
base salaries, with retroactive effect to July 1, 2009.

The Company also entered similar agreements with certain other
officers detailed below.

The current annual base salaries and the new base salaries for the
affected officers are:

                               Existing        New Base
     Name                      Base Salary     Salary
     ----                      -----------     --------
     William G. Dumencu          C$184,271    C$122,844
     Benjamin Sullivan          US$180,000   US$120,000
     Robert Walder              US$145,000   US$120,000
     Steve Zmina                US$180,000   US$120,000
     Tracy Puckett              US$180,000   US$120,000
     Mike Berg                  US$180,000   US$120,000

Eric Donsky resigned from his position as the Company's Chief
Executive Officer, effective as of June 29, 2009.  Effective that
day, Elias Vamvakas, the Chairman of the Board, served as the
Company's Interim Chief Executive Officer until a new Chief
Executive Officer is appointed.

In connection with Mr. Donsky's resignation as the Company's Chief
Executive Officer, on July 13, Mr. Donsky entered into a
separation agreement and release, or the Release.  Pursuant to the
Release, Mr. Donsky will receive payments totaling $84,189.82,
comprising:

     (i) $77,000 in severance payments, paid at a rate of
         $12,833.33 per month, less applicable withholding, in
         accordance with the Company's regular payroll practices
         until December 31, 2009;

    (ii) $4,156.21 related to accrued vacation as of June 29,
         2009; and

   (iii) $3,033.61 in expense reimbursement.

The Release provides that Mr. Donsky waives any claims against the
Company and releases the Company from any claims arising from Mr.
Donsky's employment relationship with the Company and the
termination of that relationship.  50% of the unvested options to
purchase shares of the Company's common stock held by Mr. Donsky
as of July 21, 2009, will become fully vested on that date and
such stock options shall remain exercisable for a period of 30
months from June 29, 2009.

Pursuant to the Release, Mr. Donsky also agreed to resign as a
member of the Company's Board of Directors, effective July 21,
2009.

                        Going Concern Doubt

In its Form 10-Q report for the quarterly period ended March 31,
2009, the Company indicated it has sustained substantial losses of
$14,181,433 for the year ended December 31, 2008, and $1,002,591
and $2,277,075 for the three months ended March 31, 2009, and
2008, respectively.  The Company's working capital at March 31,
2009 was $326,714, which represented a $1,222,867 decrease in its
working capital from $1,549,581 at December 31, 2008.  As a result
of the Company's history of losses and financial condition, there
is substantial doubt about the ability of the Company to continue
as a going concern.  Management believes the Company's existing
cash will be sufficient to cover its operating and other cash
demands only until the beginning of June 2009, if it does not
successfully complete the first stage of its current fund raising
activities by the beginning of June 2009.

The Company said a successful transition to attaining profitable
operations is dependent upon obtaining additional financing
adequate to fund its planned expenses and achieving a level of
revenues adequate to support the Company's cost structure.  The
Company said it was seeking additional convertible debt financing
to support its operations until it becomes cash flow positive.
There can be no assurances that there will be adequate financing
available to the Company on acceptable terms or at all.

"If the Company is unable to obtain additional financing, the
Company would need to significantly curtail or reorient its
operations during 2009, which could have a material adverse effect
on the Company's ability to achieve its business objectives and as
a result may require the Company to file for bankruptcy or cease
operations," the Company said.

At March 31, 2009, the Company had $11,641,845 in total assets,
including $1,939,352 in total current assets; $1,612,638 in total
current liabilities, $942,622 in deferred income tax liability,
and $250,000 in contingently redeemable common stock; and
$368,659,962 in accumulated deficit.

                          About OccuLogix

Headquartered in San Diego, California, OccuLogix, Inc.,
dba TearLab Corporation (NASDAQ:TEAR)(TSX:TLB) --
http://www.tearlab.com-- develops and commercializes lab-on-a-
chip technologies that enable eye care practitioners to improve
standard of care by quantitatively testing for disease markers in
tears at the point-of-care.  TearLab is currently marketed
globally in more than 14 countries including the U.S.


OCCULOGIX INC: To Raise $30,000,000 by Issuing Securities
---------------------------------------------------------
OccuLogix, Inc., dba TearLab Corporation, filed with the
Securities and Exchange Commission Amendment No. 2 to its Form
S-3 registration statement to register an indeterminate amount or
number of the securities that the Company may issue may from time
to time.  The Company intends to raise $30,000,000 through the
issuance of securities.

According to the Company, General Instruction I.B.6 of Form S-3
permits certain issuers, including OccuLogix, to sell no more than
one-third of the aggregate market value of the voting and non-
voting common equity held by non-affiliates of the issuer during a
12-month period.  On June 18, 2009, the market value of common
equity held by non-affiliates was $13,852,396 based on a closing
market price of $2.00 per share on June 18 as reported by the
NASDAQ Capital Market.

OccuLogix has not offered any securities pursuant to General
Instruction I.B.6 during the 12-calendar month period ending on
and including the date of this prospectus.

A full-text copy of Amendment No. 2 to the Registration Statement
is available at no charge at http://ResearchArchives.com/t/s?3fbb

                        Going Concern Doubt

In its Form 10-Q report for the quarterly period ended March 31,
2009, the Company indicated it has sustained substantial losses of
$14,181,433 for the year ended December 31, 2008, and $1,002,591
and $2,277,075 for the three months ended March 31, 2009 and 2008,
respectively.  The Company's working capital at March 31, 2009 was
$326,714, which represented a $1,222,867 decrease in its working
capital from $1,549,581 at December 31, 2008.  As a result of the
Company's history of losses and financial condition, there is
substantial doubt about the ability of the Company to continue as
a going concern.  Management believes the Company's existing cash
will be sufficient to cover its operating and other cash demands
only until the beginning of June 2009, if it does not successfully
complete the first stage of its current fund raising activities by
the beginning of June 2009.

The Company said a successful transition to attaining profitable
operations is dependent upon obtaining additional financing
adequate to fund its planned expenses and achieving a level of
revenues adequate to support the Company's cost structure.  The
Company said it was seeking additional convertible debt financing
to support its operations until it becomes cash flow positive.
There can be no assurances that there will be adequate financing
available to the Company on acceptable terms or at all.

"If the Company is unable to obtain additional financing, the
Company would need to significantly curtail or reorient its
operations during 2009, which could have a material adverse effect
on the Company's ability to achieve its business objectives and as
a result may require the Company to file for bankruptcy or cease
operations," the Company said.

At March 31, 2009, the Company had $11,641,845 in total assets,
including $1,939,352 in total current assets; $1,612,638 in total
current liabilities, $942,622 in deferred income tax liability,
and $250,000 in contingently redeemable common stock; and
$368,659,962 in accumulated deficit.

                          About OccuLogix

Headquartered in San Diego, California, OccuLogix, Inc.,
dba TearLab Corporation (NASDAQ:TEAR)(TSX:TLB) --
http://www.tearlab.com-- develops and commercializes lab-on-a-
chip technologies that enable eye care practitioners to improve
standard of care by quantitatively testing for disease markers in
tears at the point-of-care.  TearLab is currently marketed
globally in more than 14 countries including the US.


ONCOLOGY CORPORATION: Case Summary 9 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: The Oncology Corporation
        44 Farragut Ave.
        Piedmont, CA 94610

Bankruptcy Case No.: 09-46368

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Northern District of California (Oakland)

Judge: Randall J. Newsome

Debtor's Counsel: Matthew J. Shier, Esq.
                  Pinnacle Law Group
                  425 California St. #1800
                  San Francisco, CA 94104
                  Tel: (415) 394-5700
                  Email: mshier@pinnaclelawgroup.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $500,001 to $1,000,000

A list of the Company's 9 largest unsecured creditors is available
for free at:

          http://bankrupt.com/misc/canb09-46368.pdf

The petition was signed by John J. Fuery, president and CEO of the
Company.


OPUS SOUTH: Can Obtain Advances to Pay Laguna at Riviera Bills
--------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware has
authorized National City Bank and the other Laguna lenders to make
immediate advances to pay budgeted expenses at Opus South
Corporation and Laguna Riviera Ventures, L.L.C.'s Laguna at
Riviera Dunes Project, in total amount of $290,821 from the
petition date through July 9, 2009.

Laguna at Riviera Dunes Project, located in Palmetto, Florida, is
a four-phase/building condominium project, with each building
containing 42 units.  Laguna still owns 49 units in buildings 3
and 4 and is in charge of the homeowners' association for these
buildings.

Laguna tells the Court that due to its inability to sell the
remaining units at the project, it is unable to generate
sufficient cash on a monthly basis to pay critical expenses,
including vendor charges for electricity, water, sewer,
maintenance, facility management, security and other necessary
items.

In return for making said advances, National City and the other
Laguna lenders will be granted an additional security interest in
the project and other collateral securing the Laguna lenders'
prepetition claims.

Headquartered in Atlanta, Georgia, Opus South Corporation --
http://www.opuscorp.com/-- provides an array of real estate
related services across the United States including real estate
development, architecture & engineering, construction and project
management, property management and financial services.

The Company and its affiliates filed for Chapter 11 on April 22,
2009 (Bankr. D. Del. Lead Case No. 09-11390).  Victoria Watson
Counihan, Esq., at Greenberg Traurig, LLP, represents the Debtors
in their restructuring efforts.  The Debtors propose to employ
Landis, Rath & Cobb, LLP, as conflicts counsel, Chatham Financial
Corporation as real estate broker, Delaware Claims Agency LLC as
claims agent.  The Debtors have assets and debts both ranging from
$50 million to $100 million.


OPUS SOUTH: Can Obtain Protective Advances to Pay La Serena Bills
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware has
authorized Wachovia Bank, National Association to make immediate
protective advances to pay critical expenses at Calm Waters, LLC's
La Serena Project in the total amount of $136,000 for the 11-week
period from June 7 to August 16.  La Serena project, located on
Perdido Key near Pensacola Florida, was completed in September
2007 and consists of 51 condominium units.  As of the petition
date, 18 of the 51 units had been sold.

Wachovia is owed $13,551,878 as of April 1, 2009.

In papers filed with the Court, Calm Waters relate that they have
immediate need to pay vendor charges for electricity, water,
sewer, other utilities, maintenance, facility management,
security, and other necessary items.

In return for making said advances. Wachovia will be granted an
additional security interest in the La Serena Project to the
extent of the protective advances as approved by the Court.

Headquartered in Atlanta, Georgia, Opus South Corporation --
http://www.opuscorp.com/-- provides an array of real estate
related services across the United States including real estate
development, architecture & engineering, construction and project
management, property management and financial services.

The Company and its affiliates filed for Chapter 11 on April 22,
2009 (Bankr. D. Del. Lead Case No. 09-11390).  Victoria Watson
Counihan, Esq., at Greenberg Traurig, LLP, represents the Debtors
in their restructuring efforts.  The Debtors propose to employ
Landis, Rath & Cobb, LLP, as conflicts counsel, Chatham Financial
Corporation as real estate broker, Delaware Claims Agency LLC as
claims agent.  The Debtors have assets and debts both ranging from
$50 million to $100 million.


ORLANDA CUNNINGHAM: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Orlanda Cunningham
        4711 4th Ave
        Los Angeles, CA 90043

Bankruptcy Case No.: 09-28533

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Alan M. Ahart

Debtor's Counsel: Mark A. Nelson, Esq.
            Law Office of Mark A. Nelson
            POB 4461
            Oceanside, CA 92052-4461
            Tel: (760) 613-1234
            Fax: (760) 721-4980
            Email: marka.nelson@yahoo.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/cacb09-28533.pdf

The petition was signed by Orlanda Cunningham.


OSCIENT PHARMACEUTICALS: U.S. Trustee Names 3-Member Panel
----------------------------------------------------------
The United States Trustee for the District of Massachusetts
appointed three members to the Official Committee of Unsecured
Creditors in the bankruptcy cases of Oscient Pharmaceuticals
Corporation.

The Committee members are:

     -- U.S. Bank, N.A.;
     -- Motorlease Corp.
     -- RxSolutions, Inc.

U.S. Bank serves as indenture trustee of 3.5% convertible
promissory notes due in 2011.  According to NetDockets, a
representative of U.S. Bank has been appointed as the chairperson
of the Committee.

As reported by the Troubled Company Reporter, Oscient
Pharmaceuticals and its wholly owned subsidiary, Guardian II
Acquisition Corporation, each filed on July 13, 2009, a voluntary
petition for relief under Chapter 11 of the Bankruptcy Code
(Bankr. D. Mass. Case No. 09-16576).  In connection with the
filing Oscient entered into a definitive asset purchase agreement
with a subsidiary of Cornerstone Therapeutics Inc. for the sale of
the commercial rights to the antibiotic Factive(R) (gemifloxacin
mesylate) in North America and certain countries in Europe.
Cornerstone will pay Oscient $5 million plus the value of FACTIVE
inventory at closing and a royalty on Cornerstone's sales of
FACTIVE, less certain adjustments, through the fifth anniversary
of the closing date.

Oscient and Guardian are continuing to explore strategic
alternatives, including seeking a buyer for the ANTARA product and
other assets.

It is Oscient's belief that there will be no value for the common
stockholders in the bankruptcy liquidation process.  Stockholders
of a company in Chapter 11 generally receive value only if all
claims of the company's secured and unsecured creditors are fully
satisfied.  Oscient believes all such claims will not be fully
satisfied.

                   About Oscient Pharmaceuticals

Based in Waltham, Massachusetts, Oscient Pharmaceuticals
Corporation -- http://www.antararx.com/and
http://www.factive.com/-- markets two FDA-approved products in
the United States: ANTARA(R) (fenofibrate) capsules, a
cardiovascular product and FACTIVE(R) (gemifloxacin mesylate)
tablets, a fluoroquinolone antibiotic.  ANTARA is indicated for
the adjunct treatment of hypercholesterolemia (high blood
cholesterol) and hypertriglyceridemia (high triglycerides) in
combination with diet.  FACTIVE is approved for the treatment of
acute bacterial exacerbations of chronic bronchitis and community-
acquired pneumonia of mild to moderate severity.

Judge Henry J. Boroff presides over the case.  Charles A. Dale
III, Esq., at K&L Gates LLP, in Boston, serves as counsel to the
Debtors.  Oscient listed assets ranging from $50,000,001 to
$100,000,000, and debts ranging from $100,000,001 to $500,000,000.


PINELLAS COUNTY: Fitch Upgrades Ratings on Bonds From 'BB-/B'
-------------------------------------------------------------
Fitch Ratings upgrades the ratings assigned to the $12,000,000
Pinellas County Education Facilities Authority (Florida) variable
rate demand revenue and revenue refunding bonds (Shorecrest
Preparatory School Project), series 2007 to 'AA-/F1+' from
'BB-/B'.  The rating is based on the support provided by an
irrevocable, direct-pay letter of credit issued by The Northern
Trust Company, securing the bonds.  The bank is obligated to make
payments of principal and interest when due, as well as the
purchase price for tendered bonds.  Effective on July 23, 2009,
The Northern Trust Company will replace Columbus Bank and Trust
Company as the provider of the LOC supporting the bonds.  The
Northern Trust Company LOC provides full coverage of principal
plus an amount equal to 40 days' interest at a maximum rate of
10%, based on a 360-day year and the purchase price for tendered
bonds.  The remarketing agent for the bonds is also The Northern
Trust Company.

The rating will expire upon the earliest of: July 15, 2012, the
stated expiration date of the LOC, unless such date is extended;
any prior termination of the LOC; and defeasance of the bonds.


PACIFIC ENERGY: Auctions Beta Asset on July 31; Bids Due July 24
----------------------------------------------------------------
Pacific Energy Resources Ltd., et al., ask the U.S. Bankruptcy
Court for the District of Delaware to approve the sale of their
“Beta Assets” to a successful bidder at an auction.

Bids are due July 24, with an auction slated for July 31.
Objections to the sale must be filed no later than July 28.  The
Court has scheduled a sale hearing for August 4, 2009, to approve
the sale of the Beta assets to the successful bidder at the
auction.

The Beta Assets consist of PERL's interest in leased oil and gas
production assets located offshore near Huntington Beach,
California and related assets and contracts; and stock in the San
Pedro Bay Pipeline Company, which owns the pipeline that runs from
the Beta interests to shore.

The Debtors tell the Court that they actively marketed the sale of
the Beta assets and received seven expressions of interests for
all or portions of the Beta Assets, but not one has agreed to act
as stalking horse bidder.

Pursuant to the proposed agreement, sale of the Beta Assets will
be on an "as is, where is, with all faults" basis.  The sale of
the Beta assets is contemplated to occur on or before August 13,
2009, or on such other date as the parties may agree.

Headquartered in Long Beach, California, Pacific Energy Resources
Ltd. -- http://www.pacenergy.com/-- engages in the acquisition
and development of oil and gas properties, primarily in the United
States.  The Company and seven of its affiliates filed for
Chapter 11 protection on March 8, 2009 (Bankr. D. Del. Lead Case
No. 09-10785).  Attorneys at Pachulski Stang Ziehl & Jones LLP,
represent the Debtors as counsel.  The Debtors proposed Rutan &
Tucker LLP as special corporation and litigation counsel;
Schully, Roberts, Slattery & Marino, PLC, as special oil and gas
and transactional counsel; Devlin Jensen as special Canadian
counsel; Scott W. Winn, at Zolfo Cooper Management, LLC, as chief
restructuring officer; Lazard Freres & Co. LLC as investment
banker; and Albrecht & Associates, Inc., as agent for the Debtors
in the sale of their oil and gas properties.  Omni Management
Group, LLC, is the claims, balloting, notice and administrative
agent for the Debtors.  When the Debtors filed for protection from
their creditors, they listed between $100 million and
$500 million each in assets and debts.


PACIFIC ENERGY: Wants SPBPC Case Dismissed After Beta Assets Sale
-----------------------------------------------------------------
Pacific Energy Resources Ltd., et al., ask the U.S. Bankruptcy
Court for the District of Delaware to dismiss the Chapter 11 case
of San Pedro Bay Pipeline Company, one of the Debtors, upon the
PERL's sale of 100% of its issued and outstanding common stock
pursuant to the approved sale procedures for the Beta Assets.

The Debtors further request the Court to authorize and approve the
release of claims by and between SPBPC and other Debtors, as
contemplated by the Debtors' July 2 sale motion and the proposed
purchase and sale agreement attached thereto.

The Beta Assets consist of PERL's interest in leased oil and gas
production assets located offshore near Huntington Beach,
California and related assets and contracts; and stock in the San
Pedro Bay Pipeline Company.  PBPC owns the pipeline that runs from
the Beta interests to shore.  The PBPC Pipeline is operated by the
PERL.

The draft purchase and sale agreement provides as conditions to
closing, the Bankruptcy Court will have entered a final order,
which will not have been stayed, which (i) dismisses SPBPC from
its Chapter 11 case effective as of the closing and (ii) releases
any and all claims in favor of or against, SPBPC, on one hand, and
seller and its affiliates (other than SPBPC), on the other hand,
effective as of the closing.

Headquartered in Long Beach, California, Pacific Energy Resources
Ltd. -- http://www.pacenergy.com/-- engages in the acquisition
and development of oil and gas properties, primarily in the United
States.  The Company and seven of its affiliates filed for
Chapter 11 protection on March 8, 2009 (Bankr. D. Del. Lead Case
No. 09-10785).  Attorneys at Pachulski Stang Ziehl & Jones LLP,
represent the Debtors as counsel.  The Debtors proposed Rutan &
Tucker LLP as special corporation and litigation counsel;
Schully, Roberts, Slattery & Marino, PLC, as special oil and gas
and transactional counsel; Devlin Jensen as special Canadian
counsel; Scott W. Winn, at Zolfo Cooper Management, LLC, as chief
restructuring officer; Lazard Freres & Co. LLC as investment
banker; and Albrecht & Associates, Inc., as agent for the Debtors
in the sale of their oil and gas properties.  Omni Management
Group, LLC, is the claims, balloting, notice and administrative
agent for the Debtors.  When the Debtors filed for protection from
their creditors, they listed between $100 million and
$500 million each in assets and debts.


PLASTIPAK HOLDINGS: Moody's Assigns 'B3' Rating on $150 Mil. Notes
------------------------------------------------------------------
Moody's Investors Service assigned a B3 rating to the new
$150 million senior unsecured notes due 2019 of Plastipak
Holdings, Inc.  Moody's also affirmed the company's B2 corporate
family rating and stable rating outlook.

The company announced on July 20, 2009, that it had commenced a
private offering of approximately $150 million of senior unsecured
notes due 2019.  The proceeds of the offering will be used to pay
down borrowings under the company's $350 million revolver (not
rated by Moody's) and otherwise for general corporate purposes.

The affirmation of Plastipak's B2 corporate family rating despite
the expected deterioration in interest coverage due to the
transaction reflects the company's strong leverage and interest
coverage for the rating category.  The rating is further supported
by the company's strong market position and long standing
relationships with multi-national and well-established customers.
Plastipak also benefits from an expected ramp up in new contracts,
a high percentage of multi-year contracts and a low percentage of
contract renegotiations over the next twelve months.  The company
has also stated its intention to discontinue its acquisition
strategy.

The rating is constrained by an EBIT margin and free cash flow
that are weak for the rating category and the company's high
concentration of sales.  The rating also reflects the company's
large percentage of commodity products and the risk inherent in
its strategic transition to higher margin, less commoditized
products.  While the company's and the industry competitive
position is improving, the industry remains fragmented and
competitive with strong price pressure.

Moody's took these rating actions:

  -- Assigned $150 million senior unsecured notes due 2019, B3
     (LGD 5, 75%)

  -- Affirmed $250 million 8.5% senior unsecured notes due
     12/15/2015, B3 (LGD 5, 75% from LGD 5, 77%)

  -- Affirmed corporate family rating, B2

  -- Affirmed probability of default rating, B2

The ratings outlook is stable.

Moody's last rating action on Plastipak occurred on October 10,
2008, when the ratings outlook was revised to stable from positive
and the B2 corporate family rating affirmed.

Plastipak Holdings, Inc., is a privately held leading manufacturer
of plastic packaging containers used by branded companies in the
beverage, food, personal care, industrial, and automotive
industries worldwide.  Headquartered in Plymouth, Michigan,
Plastipak generated revenues of roughly $1.9 billion for the
twelve months ended May 2, 2009.


PROVIDENCE SERVICE: Moody's Confirms 'B2' Corp. Family Rating
-------------------------------------------------------------
Moody's Investors Service has confirmed Providence Service
Corporation's B2 corporate family rating, B2 probability of
default rating, and B1 senior secured credit facilities rating.
Simultaneously, Moody's raised the company's speculative grade
liquidity rating to SGL-3 from SGL-4.  The rating confirmation
concludes the review for possible downgrade that was extended on
February 12, 2009, to focus on the company's liquidity profile,
financial covenant compliance and review of strategic options.
The rating outlook is negative.

The B2 CFR reflects Moody's expectation that Providence's
financial performance will continue to improve as a result of a
more supportive federal funding environment, favorable demographic
trends related to growth in Medicaid eligible individuals,
earnings and cash flow growth from recently signed contracts and
cost savings initiatives and the integration of its Logisticare
business.  The B2 rating is prospective in its anticipation of
significant de-leveraging over the next twelve months through a
combination of improved earnings and debt reduction.

The SGL-3 rating reflects Moody's view that the company's
liquidity profile will be adequate over the near term.  While the
liquidity rating reflects the expectation for improved cash
generation and the recent amendment to the credit facility that
loosened covenants following covenant violations in 2008, Moody's
anticipates that covenant headroom could weaken over time as
covenant levels begin to tighten in September 2009.  Therefore,
Providence's ability to de-leverage over the near term is critical
to the SGL rating.  Moody's expects that strong cash generation
and healthy balance sheet cash levels should foster the debt
reduction activities.  In addition, Moody's does not anticipate
that Providence will be required to access its revolver over the
near term.

The negative outlook reflects Moody's belief that Providence's
exposure to state payors with declining tax revenues and weakened
budgets could create volatility in cash generation and may limit
debt reduction.  Further, the outlook recognizes that the
significant step-downs in Providence's leverage covenants require
the company to execute on plans to reduce leverage over the near
term or face potential covenant violations.

This rating was upgraded:

* Speculative Grade Liquidity Rating to SGL-3 from SGL-4

These ratings were confirmed:

* Corporate Family Rating of B2;

* Probability of Default Rating of B2;

* Senior Secured Revolving Credit Facility of B1 (LGD3, 33%) --
  Point estimate revision from (LGD3, 37%); and

* Senior Secured Term Loan of B1 (LGD3, 33%) -- Point estimate
  revision from (LGD3, 37%)

The last rating action on Providence was on February 12, 2009,
where Moody's lowered its speculative grade liquidity rating to
SGL-4.

Providence's ratings were assigned by evaluating factors Moody's
believe are relevant to the credit profile of the issuer, such as
i) scale, diversity and competitive position, ii) revenue
concentration and Medicaid enrollment trends iii) cost structure
and profitability and iv) financial policies, including liquidity
and acquisition risk.  These attributes were compared against
other issuers both within and outside of Providence's core
industry and Providence's ratings are believed to be comparable to
those of other issuers of similar credit risk.

Providence Service Corporation, headquartered in Tucson, Arizona,
is a provider and manager of government sponsored social services
including home and community based social services and non-
emergency transportation services management.  The company
reported revenues of $705 million for the last twelve month period
ended March 31, 2009.


QUALITY HOME: High Financial Leverage Cues Moody's to Junk Rating
-----------------------------------------------------------------
Moody's Investors Service downgraded Quality Home Brands Holdings
LLC's corporate family rating to Caa1 from B3 and its probability-
of-default rating to Caa2 from Caa1.  Moody's also affirmed the B2
rating on the first lien credit facilities and the Caa2 rating on
the second lien term loan.

The downgrade of the corporate family rating reflects the
company's high financial leverage, inadequate EBIT coverage of
interest, deteriorated sales and earnings, and the likelihood that
its operating performance will remain under pressure due to
ongoing weakness in consumer spending and the housing market.  The
downgrade of the probability-of-default rating reflects Moody's
concern over the company's ability to maintain compliance with the
financial covenants governing the credit facilities and
uncertainty over its ability to secure another amendment or
additional sponsor equity, if needed.  However, the corporate
family rating derives some support from the company's continued
positive cash flows.  The ratings outlook remains negative.

These ratings were downgraded:

  -- Corporate family rating to Caa1 from B3;
  -- Probability-of-default rating to Caa2 from Caa1.

These ratings were affirmed:

  -- $20 million 1st lien senior secured revolver due 2012 at B2.
     Point estimate revised to (LGD2, 16%) from (LGD2, 23%);

  -- $248 million 1st lien senior secured term loan due 2012 at
     B2.  Point estimate revised to (LGD2, 16%) from (LGD2, 23%);

  -- $100 million 2nd lien term loan due 2013 at Caa2.  Point
      estimate revised to (LGD4, 56%) from (LGD4, 61%).

The negative outlook reflects Moody's concerns over Quality Home
Brands' high financial leverage in the context of challenging
market conditions and a weak credit market.

The last rating action was on September 9, 2008, when Moody's
affirmed the company's B3 corporate family rating following the
amendment of its senior credit facility and concurrent equity
infusion from its financial sponsors.  At the same time, Moody's
affirmed the company's first lien credit facility (term loan and
revolver) at B2 and its second lien term loan at Caa2, but
downgraded the company's probability-of-default rating to Caa1
from B3.  The ratings outlook remained negative.

Quality Home Brands Holdings LLC is a designer, manufacturer,
importer, and marketer of lighting fixtures headquartered in North
Carolina.  Sales were approximately $297 million for the twelve
months ended March 27, 2009.


REGENCY PARTNERS: Case Summary & 6 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Regency Partners, LLC
        1420 La Jolla Knoll
        La Jolla, CA 92037

Bankruptcy Case No.: 09-22926

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Bruce A. Markell

Debtor's Counsel: Zachariah Larson, Esq.
            Larson & Stephens
            810 S. Casino Center Blvd., Suite 104
            Las Vegas, NV 89101
            Tel: (702) 382-1170
            Fax: (702) 382-1169
            Email: ecf@lslawnv.com

Total Assets: $5,061

Total Debts: $6,918,429

A full-text copy of the Debtor's petition, including a list of its
6 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/nvb09-22926.pdf

The petition was signed by Harold Dennis, owner of the Company.


RENO QUALITY HOMES: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Reno Quality Homes, INC.
        P.O. BOX 8070
        RENO, NV 89507

Bankruptcy Case No.: 09-52371

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       District of Nevada (Reno)

Debtor's Counsel: Alan R. Smith, Esq.
            505 Ridge St
            Reno, NV 89501
            Tel: (775) 786-4579
            Email: mail@asmithlaw.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $10,000,001 to $50,000,000

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/nvb09-52371.pdf

The petition was signed by Luke R. Fitzgerald, president of the
Company.


RITZ CAMERA: CEO Outbids Three Liquidators for Firm
---------------------------------------------------
David Ritz, the CEO of Ritz Camera Centers Inc., has collaborated
with a group of investors to prevail in a 23 1/2 -hour auction in
New York with the top bid of $33.1 million, outbidding three
liquidators who probably would have sold off the Company's assets,
V. Dion Haynes at Washington Post reports, citing Jay Indyke, a
partner in the law firm of Cooley Godward Kronish, which
represented the creditors' committee.

Mr. Indyke said that Mr. Ritz's team included representatives of
Ritz Camera's online business, Ritz Interactive, which was not in
bankruptcy protection, Washington Post states.  According to the
report, Mr. Indyke said that the team placed a bid against a Hilco
Trading-Gordon Brothers Group tie-up and Great American Group,
both of which specialize in liquidating failed retailers.

Citing Millman Search Group President Mark Millman, Washington
Post says that each of the 375 stores could be worth several
hundred thousand dollars, and "David Ritz and his partners
absolutely got a buy of a lifetime, getting the stores and all the
equipment for as little as $90,000 per store."

According to Washington Post, Mr. Indyke said that between 163 and
375 stores will continue operating as a going concern if Mr.
Ritz's bid secures the approval of the U.S. Bankruptcy Court for
the District of Delaware.

Washington Post relates that Mr. Ritz's group plans to create a
separate new photo chain out of the old company, similar to the
restructurings involving Chrysler LLC and General Motors Corp.
Washington Post, citing Mr. Indyke, states that the new company
would be placed under a payment plan allowing it to take care of a
portion of the remaining debt from the old company over time.  Mr.
Indyke said that the creditors committee approved Mr. Ritz's
business plan for the new company, according to the report.

Ritz Camera officials "need additional marketing and advertising
to bring customers back to the store.  They need to renegotiate
leases with all landlords . . . and bring in high-energy
professionals to run the business," Washington Post quoted Mr.
Millman as saying.

Headquartered in Beltsville, Maryland, Ritz Camera Centers, Inc. -
- http://www.ritzcamera.com/-- sells digital cameras and
accessories, and electronic products.  The Company filed for
Chapter 11 protection on February 22, 2009 (Bankr. D. Del. Case
No. 09-10617).  Irving E. Walker, Esq., Gary H. Leibowitz, Esq.,
at Cole, Schotz, Meisel, Forman & Leonard, P.A., in Baltimore, are
bankruptcy counsel to the Debtor.  Norman L. Pernick, Esq., and
Karen M. Mckinley, Esq., at Cole, Schotz, Meisel, Forman &
Leonard, P.A., in Wilmington, Delaware, serve as local counsel.
Thomas & Libowitz, P.A., is Debtor's special corporate counsel and
conflicts counsel.  Marc S. Seinsweig, at FTI Consulting, Inc,
acts as the Debtor's chief restructuring officer.  Kurtzman Carson
Consultants LLC is the claims and noticing agent.  Attorneys at
Cooley Godward Kronish LLP represent the official committee of
unsecured creditors as lead counsel.  The Committee selected
Bifferato LLC as Delaware counsel.  In its schedules, the Debtor
listed total assets of $277 million and total debts of
$172.1 million.


ROC PREF: S&P Downgrades Ratings on Preferred Shares to 'BB-'
-------------------------------------------------------------
Standard & Poor's Ratings Services lowered its ratings on ROC Pref
Corp.'s preferred shares and removed them from CreditWatch with
negative implications.

These actions mirror the lowering and CreditWatch negative removal
of the rating on Tranched Investment-Grade Enhanced Return
Securities 2004-11's credit-linked notes, to which the rating on
the preferred shares are linked.

      Ratings Lowered And Removed From Creditwatch Negative

                          ROC Pref Corp.

                                  Rating
                                  ------
    Class                   To             From
    -----                   --             ----
    Preferred shares
    Global scale:           BB-            BBB+/Watch Neg
    Canada scale:           P-3(Low)       P-2(High)/Watch Neg


RONALD SCHENA: Case Summary & 13 Largest Unsecured Creditors
------------------------------------------------------------
Joint Debtors: Ronald A. Schena
                  aka Ronald Schena
               Rachael Schena
               9124 Wilshire Ct NE
               Albuquerque, NM 87122-3050

Bankruptcy Case No.: 09-13165

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       New Mexico (Albuquerque)

Debtors' Counsel: Louis Puccini Jr., Esq.
                  PO Box 50700
                  Albuquerque, NM 87181-0700
                  Tel: (505) 255-0202
                  Email: pmlaw@puccinilaw.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A full-text copy of the Debtors’ petition, including a list of
their 13 largest unsecured creditors, is available for free at:

          http://bankrupt.com/misc/nmb09-13165.pdf

The petition was signed by the Joint Debtors.


SBA TELECOMMUNICATIONS: S&P Cuts Rating on $750 Mil. Notes to BB-
-----------------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its issue
rating and revised its recovery rating on SBA Telecommunications
Inc.'s proposed $750 million of new senior unsecured notes,
consisting of $375 million due in 2016 and $375 million due in
2019.  S&P lowered the issue rating to 'BB-' from 'BB'.  S&P
revised the recovery rating to '2' from '1'.  Proceeds will be
used for the repayment of debt and for general corporate purposes.

The downgrade does not reflect any change in Boca Raton, Florida-
based parent tower operator SBA Communications Corp.'s credit
profile (B+/Stable/--).  Rather, it reflects the fact that the
prior 'BB' issue-level and '1' recovery ratings incorporated only
$500 million of unsecured debt at SBA Telecommunications.  With
the larger debt issue, the recovery is now substantial (70%-90%)
rather than very high (90%-100%).


SANITARY AND IMPROVEMENT: Files for Chapter 9 in Nebraska
---------------------------------------------------------
Sanitary and Improvement District Number 251 of Sarpy County,
Nebraska has filed a voluntary petition under Chapter 9 of the
United States Bankruptcy Code in the United States Bankruptcy
Court for the District of Nebraska on July 13, 2009.  The case is
docketed as Bankruptcy Proceeding No. 09-81825.

In a legal notice, Brian C. Doyle, Esq., at Fullenkamp, Doyle &
Jobeun, attorney for the Debtor, said that on July 16, 2009, the
Bankruptcy Court issued a notice of commencement of case under
Chapter 9, notice of automatic stay, notice of time for filing of
resistances to the petition, order for relief, notice of time for
filing proofs of claims, and related orders combined with notice
thereof.

Chapter 9 is the chapter of the Bankruptcy Code which provides for
reorganization of municipalities, including cities and towns,
villages, counties, taxing districts, municipal utilities, and
school districts.

The purpose of Chapter 9 is to provide a financially-distressed
municipality protection from its creditors while it develops and
negotiates a plan for adjusting its debts.  Reorganization of the
debts of a municipality is typically accomplished either by
extending debt maturities, reducing the amount of principal or
interest, or refinancing the debt by obtaining a new loan.

Although similar to other chapters in some respects, Chapter 9 is
significantly different in that there is no provision in the law
for liquidation of the assets of the municipality and distribution
of the proceeds to creditors.  The functions of the bankruptcy
court in Chapter 9 cases are generally limited to approving the
petition, confirming a plan of debt adjustment, and ensuring
implementation of the plan.

Sanitary and Improvement District No. 251 of Sarpy County a.k.a.
SID #251 filed for Chapter 9 protection on July 13, 2009 (Bankr.
Neb. Case No. 09-81825.  Brian C. Doyle, Esq., at Fullenkamp Doyle
& Jobeun, serves as bankruptcy counsel.  SID #251 listed between
$10 million and $50 million each in assets and debts.


SCARLETT INVESTMENTS: Voluntary Chapter 11 Case Summary
-------------------------------------------------------
Debtor: Scarlett Investments, L.L.C.
        1150 N. Farm Road 185
        Springfield, MO 65802

Bankruptcy Case No.: 09-61635

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Western District of Missouri (Springfield)

Debtor's Counsel: James M. Poe, Esq.
                  Law Office of James M. Poe, LLC
                  4411 East Sunshine, Suite B
                  Springfield, MO 65804
                  Tel: (417) 887-1807
                  Fax: (417) 429-2142
                  Email: jamespoe@ozarksbankruptcy.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtor did not file a list of its 20 largest unsecured
creditors when it filed its petition.

The petition was signed by Freddie Ray, member of the Company.


SOUND HEALTH SOLUTIONS: Voluntary Chapter 11 Case Summary
---------------------------------------------------------
Debtor: Sound Health Solutions Inc.
        301 NE 100th St., Suite 100
        Seattle, WA 98125

Bankruptcy Case No.: 09-17094

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Western District of Washington (Seattle)

Judge: Thomas T. Glover

Debtor's Counsel: Donald A. Bailey, Esq.
                  1218 3rd Ave., Suite 1808
                  Seattle, WA 98101
                  Tel: (206) 682-4802
                  Email: donald.bailey@shaferbailey.com

                  Edward S. Adams, Esq.
                  Adams Monahan, LLP
                  60 South Sixth Street, Suite 2540
                  Minneapolis, MN 55402
                  Tel: (612) 465-8098

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtor did not file a list of its 20 largest unsecured
creditors when it filed its petition.

The petition was signed by Steven Morton.


SOURCE INTERLINK: S&P Withdraws 'D' Corporate Credit Rating
-----------------------------------------------------------
Standard & Poor's Ratings Services withdrew its ratings on Source
Interlink Cos. Inc., as all of the company's rated debt has been
extinguished as part of a pre-packaged plan of reorganization
under Chapter 11 of the U.S. Bankruptcy Code.

Bonita Springs, Florida-based Source Interlink is a leading
magazine publisher and distributor of magazines, DVDs, and CDs.

                           Ratings List

                            Withdrawn

                    Source Interlink Cos. Inc.

                                         To     From
                                         --     ----
            Corporate Credit Rating      NR     D/--/--
            Secured Revolver             NR     D
              Recovery Rating            NR     1
            Secured Term Loan            NR     D
              Recovery Rating            NR     5
            Senior Unsecured             NR     D
              Recovery Rating            NR     6


SOUTHEAST WAFFLES: Files Competing Plan Of Reorganization
---------------------------------------------------------
SouthEast Waffles, LLC, has filed a competing Plan of
Reorganization with the U.S. Bankruptcy Court for the Middle
District of Tennessee.  The plan proposes to sell substantially
all SouthEast's assets and operations to an affiliate of Gaylord
Sports Management LLC in exchange for cash and principal payments
over time totaling more than $20 million.

On July 6, 2009, Waffle House, Inc., the Norcross, Georgia-based
franchisor, filed its own Plan of Reorganization under which all
of SouthEast's assets and operations would be sold to an affiliate
of Waffle House.

"This is an exciting development," said Gary Murphey of Atlanta-
based Resurgence Financial Services LLC.  Mr. Murphey became
SouthEast's court-appointed chief restructuring officer in
September 2009 amid allegations of fraud and mismanagement made by
certain creditors against SouthEast's CEO James Shaub.  Since that
time, Mr. Murphey has had control over all SouthEast's activities.

"To have two financially capable suitors in today's economic
climate is a wonderful situation for our creditors, employees and
customers," Mr. Murphey said.

Under the Waffle House plan, creditors are paid over a ten-year
period out of the company's future cash flow.

Under the plan filed by SouthEast, Gaylord will pay almost
$5 million at closing for the benefit of creditors, as well as
making payments over time.  Mr. Murphey estimates that on a
present-value basis, the Gaylord plan would pay unsecured
creditors approximately 10 percent more than Waffle House's plan.
Both plans propose to retain substantially all of SouthEast's
employees.

SouthEast filed for bankruptcy on August 25, 2009, amid
allegations of the company passing $3.7 million of worthless
checks between bank accounts and failure to pay over $2 million in
payroll taxes.  Court records reflect that at the time of the
filing, SouthEast's debts exceeded its assets.

"We were unprofitable and upside down when the company filed,"
said Mr. Murphey.  "In August of last year, we had about
$1.8 million more in payables than cash.  However, today we have
more cash than payables.  We've had tremendous support from Waffle
House, our employees and our customers.  Everyone was on board
with the changes we wanted to implement since day one."

From September 2008 through June 2009, court records report that
SouthEast has reported profit of approximately $3 million.

At this point, it appears the SouthEast's creditors will have a
choice between the two competing plans.  However, SouthEast
recognizes that there are many more hurdles to clear before either
plan can be confirmed and a sale take place.

"I suspect Waffle House may have some difficulty convincing
creditors to vote for a plan that offers less.  But on the other
hand, Waffle House has the right to challenge Gaylord as a
suitable owner/operator of SouthEast's restaurants," Mr. Murphey
said.

Glenn Rose of Harwell, Howard, Hyne, Gabbert & Manner PC, counsel
to SouthEast, explains, "Under the bankruptcy laws, the Bankruptcy
Court must approve the transfer of the franchise rights to
Gaylord, and Waffle House, as franchisor of the Waffle House
brand, has the right to oppose the transfer.  However, we believe
that Gaylord is a financially strong company that will perform
well as a Waffle House franchisee for years to come and will thus
have no difficulty meeting the requirements in the Bankruptcy Code
regarding assignment of the franchise rights."

Rose continued, "Because Waffle House has filed its own plan
pursuant to which it would acquire SouthEast's restaurants at a
lower overall purchase price, Waffle House is now wearing two very
different and conflicting hats.  In my opinion, Waffle House's
desire to obtain the restaurants for its own benefit limits its
ability to effectively challenge Gaylord's qualifications as a
potential franchisee, especially given the strength of the team
put together by Gaylord."

According to attorney Rose, "If more than one plan meets the
requirements for confirmation, then the bankruptcy laws direct the
court to consider the preferences of creditors and equity holders
in determining which plan to confirm."

Murphey noted, "As the debtor's chief restructuring officer, my
primary responsibility is to find ways to maximize the return to
creditors, and I believe that goal will be achieved.  Creditors
will vote to accept or reject each of these plans and to express
their opinion to the Court about which plan provides them with the
greatest recovery, which is, after all, what Chapter 11 is all
about."

Headquartered in Nashville, Tennessee, SouthEast Waffles, LLC dba
Waffle House -- http://www.southeastwaffles.com-- operates
restaurants.  The Company filed for Chapter 11 protection on
August 25, 2008 (Bankr. M.D. Tenn. Case No. 08-07552).  Barbara
Dale Holmes, Esq., David Phillip Canas, Esq., Glenn Benton Rose,
Esq., and Tracy M. Lujan, Esq., at Harwell Howard Hyne Gabbert &
Manner represent the Debtor in its restructuring efforts.  When
the Debtor filed for protection from its creditors, it listed
assets and debt of between $10 million and $50 million each.


STAR TRIBUNE: US Trustee Balks at Legal Defenses for Shareholder
----------------------------------------------------------------
Diana Adams, the U.S. Trustee for Region 2, has objected to the
Star Tribune Holdings Corporation's request to give broad legal
protections to its largest shareholder Avista Capital Partners,
publisher Chris Harte's family trust, and the rest of the
Company's employees and affiliates, Dow Jones News Service
reports.

According to Dow Jones, the Star Tribune made the request as part
of its Chapter 11 reorganization plan.  Dow Jones relates that
under the Plan, secured lenders would exchange $493 million in
debt for control of the Star Tribune and $100 million in new
notes.  Dow Jones reports that the Star Tribune will submit its
Plan to the Court on July 29.

Ms. Adams conveyed its opposition to the legal protections in its
objection to the disclosure statement explaining Star Tribune's
Chapter 11 plan.

Ms. Adams, Dow Jones relates, said that the plan shouldn't be sent
to creditors for a vote unless changes are made.  She said in
court documents that it's appropriate for Star Tribune and members
of its creditors committee to receive releases, but those
protections should be extended to third parties only in "rare
cases" when the plan's confirmation is contingent upon the
release.  According to Dow Jones, Ms. Adams said that the Star
Tribune has "not shown, or attempted to show, that this case meets
any of the requirements for uniqueness."

"We believe what we are seeking is standard, limited and
appropriate, and we intend to work with the U.S. Trustee to
resolve the objection," Dow Jones quoted Star Tribune spokesperson
Ben Taylor as saying.

Headquartered in Minneapolis, Minnesota, The Star Tribune Company
-- http://www.startribune.com/-- operates the largest newspaper
in the state of Minnesota and published seven days each week in an
edition for the Minneapolis-Saint Paul metropolitan area.  The
Company and its affiliate, Star Tribune Holdings Corporation,
filed for Chapter 11 protection on January 15, 2009 (Bankr.
S.D.N.Y. Lead Case No. 09-10245).  Marshall Scott Huebner, Esq.,
James I. McClammy, Esq., and Lynn Poss, Esq., at Davis Polk &
Wardwell, represent the Debtors in their restructuring efforts.
Blackstone Advisory Services L.P. is the Debtors' financial
advisor.  Diana G. Adams, the U.S. Trustee for Region 2, selected
seven members to the official committee of unsecured creditors in
the Debtors' Chapter 11 cases.  Scott Cargill, Esq., and Sharon L.
Levine, Esq., at Lowenstein Sandler PC, represent the Committee as
counsel.  When the Debtors filed for protection from their
creditors, they listed between $100 million and $500 million each
in assets and debts.

The Court has extended the Debtors' exclusive periods to file a
plan of reorganization until August 13, 2009.


STEPHEN BALDWIN: Files for Chapter 11 Bankruptcy Protection
-----------------------------------------------------------
Stephen Baldwin, along with his wife Kennya Baldwin, has filed for
Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for
the Southern District of New York.

Mr. Baldwin listed less than $10 million assets and less than
$10 million debts which, according to Reuters, include over
$2.3 million for mortgage payments, more than $70,000 in credit
card debt, and other expenses.  Court documents say that Mr.
Baldwin listed a $1.1 million Upper Grandview, N.Y., home as his
asset, but he owes $1.19 million on two mortgages.  Mr. Baldwin
also owes $749,974 to the IRS on taxes as far back as 1999 and a
$139,288 debt for unpaid withholding taxes, as well as $194,527 in
unpaid state income taxes.

Court documents say that Mr. Baldwin listed other than the
mortgaged-to-the rooftop house. Even Baldwin's "HM" tattoo, which
he agreed to get in a deal that allowed him to appear on Miley
Cyrus's show, is not listed as an asset.

Mr. Baldwin's wife Kennya is also listed in the filing.

Actor Stephen Baldwin is known for films like "The Usual Suspects"
and recently appeared on the reality television show "I'm a
Celebrity Get Me Out of Here."  He is the youngest of the acting
Baldwin brothers, which include Alec.


STEPHEN BALDWIN: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Stephen Baldwin
        Kennya Baldwin
           aka Kennya Deodato Baldwin
           aka Kennya Rhode Santos De Almeida Deodato Baldwin
        71 Old Mountain Road South
        Upper Grandview, NY 10960

Bankruptcy Case No.: 09-23296

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       Southern District of New York (White Plains)

Judge: Robert D. Drain

Debtor's Counsel: Bruce Weiner, Esq.
                  Rosenberg, Musso & Weiner, LLP
                  26 Court Street, Suite 2211
                  Brooklyn, NY 11242
                  Tel: (718) 855-6840
                  Fax: (718) 625-1966
                  Email: rmwlaw@att.net

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

The Debtors did not file a list of their 20 largest unsecured
creditors when they filed their petition.

The petition was signed by the Joint Debtors.


STILLWATER MINING: GM Gets OK to Walk Away From Supply Contract
---------------------------------------------------------------
Stillwater Mining Company was advised yesterday that the
bankruptcy court has approved a petition from General Motors
Corporation to reject the existing Palladium & Rhodium Supply
Agreement between GM and Stillwater Mining Company, with
retroactive effect from July 7, 2009.  The Company had filed an
objection to the GM petition with the bankruptcy court, but after
a hearing this morning the judge upheld the GM request.

Commenting on the bankruptcy court's decision, Stillwater's
Chairman and CEO, Francis R. McAllister, noted, "We clearly are
very disappointed with this outcome and are still assessing what
additional avenues may be open to us in this matter. At the same
time, we are extremely appreciative of the generous expressions of
support we have received from so many in our communities, our
industry, from Governor Schweitzer and other leaders in Montana
and from the far corners of our nation. A special thank you to all
for your kind efforts in our behalf.

"As I had commented previously, while the GM contract has been
very beneficial to us in view of today's relatively low PGM
prices, I believe in the current environment the Company has
adequate financial resources to absorb the effect of this loss.
Despite the absence of the GM agreement, the Company will still be
able to sell all of its mine production into the market, although
obviously we will no longer enjoy the benefit of the GM pricing
floors. I noted earlier that loss of the GM agreement will likely
cost the Company, at current PGM prices, between $5 and $10
million annually. However, the Company's cash position remains
strong, and we have made substantial progress in recent months
toward our goal of becoming a safe, low-cost operator in our
industry. While losing our GM supply agreement certainly increases
the Company's exposure to any sustained decline in PGM prices, I
believe the longer-term fundamentals of our industry are favorable
and our competitive position is strengthening."

Expanding on the Company's recent performance, Mr. McAllister
added, "Although the Company's second-quarter financial results
are not yet finalized, I am pleased to report that mine production
in the quarter of about 137,700 platinum and palladium ounces was
substantially better than planned and is trending well ahead of
our mine production guidance of 495,000 ounces for the year. Cost
reduction measures also appear to be taking effect at both mines,
and total cash costs for the quarter are likely to come in far
below our combined annual guidance of $399 per PGM ounce. At the
same time, our cash position remains solid. All of this reflects
the broad-based dedication of our employees toward improving
productivity throughout our operations and finding better ways to
coordinate our diverse efforts.

"These initial second-quarter results clearly suggest that our
current initiatives are meeting with some success. This is
particularly gratifying in view of both the apparent loss of the
GM contract and the increased urgency to reposition our operations
prior to the expiration of the Ford contract at the end of next
year. While we have not yet demonstrated that our second-quarter
performance will be sustainable over the longer term, I am
optimistic that the quarter's results do demonstrate the Company's
capacity to perform at a level that is competitive in the absence
of the pricing floors in our contracts. Although there is no
assurance that PGM prices in the future will remain high enough to
sustain our operations, the recent increases in efficiency appear
to bode well for the future."

                       About General Motors

Headquartered in Detroit, Michigan, General Motors Corp.
(NYSE: GM) -- http://www.gm.com/-- was founded in 1908.  GM
employs about 266,000 people around the world and manufactures
cars and trucks in 35 countries.  In 2007, nearly 9.37 million GM
cars and trucks were sold globally under the following brands:
Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel,
Pontiac, Saab, Saturn, Vauxhall and Wuling.  GM's OnStar
subsidiary is the industry leader in vehicle safety, security and
information services.

GM Europe is based in Zurich, Switzerland, while General Motors
Latin America, Africa and Middle East is headquartered in Miramar,
Florida.

As reported by the Troubled Company Reporter, GM reported net loss
of US$6.0 billion, including special items, in the first quarter
of 2009.  This compares with a reported net loss of US$3.3 billion
in the year-ago quarter.  As of March 31, 2009, GM had
US$82.2 billion in total assets and US$172.8 billion in total
liabilities, resulting in US$90.5 billion in stockholders'
deficit.

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  The Honorable Robert E. Gerber presides over the
Chapter 11 cases.  Harvey R. Miller, Esq., Stephen Karotkin, Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP,
assist the Debtors in their restructuring efforts.  Al Koch at AP
Services, LLC, an affiliate of AlixPartners, LLP, is the Debtors'
restructuring officer.  GM is also represented by Jenner & Block
LLP and Honigman Miller Schwartz and Cohn LLP as counsel.

Cravath, Swaine, & Moore LLP is providing legal advice to the GM
Board of Directors.  GM's financial advisors are Morgan Stanley,
Evercore Partners and the Blackstone Group LLP.

General Motors changed its name to Motors Liquidation Co.
following the sale of its key assets to a company 60.8% owned by
the U.S. Government.

Bankruptcy Creditors' Service, Inc., publishes General Motors
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by General Motors Corp. and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)

                      About Stillwater Mining

Billings, Montana-based Stillwater Mining Company --
http://www.stillwatermining.com/-- is the only U.S. producer of
palladium and platinum and is the largest primary producer of
platinum group metals outside of South Africa and Russia.  The
Company's shares are traded on the New York Stock Exchange under
the symbol "SWC."

As reported by the Troubled Company Reporter on July 13, 2009,
Standard & Poor's Ratings Services placed its ratings, including
its 'B-' corporate credit rating on Stillwater Mining, on
CreditWatch with negative implications.  "The CreditWatch listing
reflects S&P's concern regarding the possible loss of the supply
contract between Stillwater and General Motors Corp.  The
company's platinum group metals supply agreements with GM and Ford
Motor Co. include provisions that guarantee a minimum purchase
price for palladium and platinum even when prices fall below
stipulated levels, a benefit to Stillwater given the relatively
low PGM prices," said Standard & Poor's credit analyst Maurice
Austin.


SWM MANAGEMENT: Case Summary & 2 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: SWM Management Corporation
        9421 Haven Avenue, Suite 200
        Rancho Cucamonga, CA 91730

Bankruptcy Case No.: 09-26135

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Central District of California (Riverside)

Judge: Sheri Bluebond

Debtor's Counsel: Stephen R. Wade, Esq.
                  The Law Offices of Stephen R. Wade
            400 N Mountain Ave., Suite 214B
            Upland, CA 91786
            Tel: (909) 985-6500
            Fax: (909) 985-2865
            Email: dp@srwadelaw.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $1,000,001 to $10,000,000

A full-text copy of the Debtor's petition, including a list of its
2 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/cacb09-26135.pdf

The petition was signed by Jeffrey A. Walker, president of the
Company.


SYNTAX-BRILLIAN: Plaintiffs in Fraud Suit Certified as Class
------------------------------------------------------------
The Hon. Frederick J. Martone of the U.S. District Court for the
District of Arizona certified a class in a securities fraud action
accusing officials at Syntax-Brillian Corp. of concealing problems
at the once high-flying television maker, according to Law360.

Judge Martone's order rejected the defendants' argument that
common questions did not predominate the plaintiffs' claims, the
report says.

Based in Tempe, Arizona, Syntax-Brillian Corporation (Nasdaq:
BRLC) -- http://www.syntaxbrillian.com/-- and its affiliated
debtors, Syntax-Brillian SPE, Inc., and Syntax Groups Corp.
design, develop, and distribute high-definition televisions
(HDTVs) utilizing liquid crystal display (LCD) and, formerly,
liquid crystal (LCoS) technologies.  The Debtors sell their HDTVs
under the Olevia brand name.  SBC is also the sole shareholder of
Vivitar Corp., a supplier of film cameras and a line of digital
imaging products, including digital cameras.

The Debtors filed separate petitions for Chapter 11 relief on
July 8, 2008 (Bankr. D. Del. Lead Case No. 08-11407).  Nancy A.
Mitchell, Esq., Allen G. Kadish, Esq., and John W. Weiss, Esq., at
Greenberg Traurig LLP in New York, represent the Debtors as
counsel.  Victoria Counihan, Esq., at Greenburg Traurig LLP in
Wilmington, Delaware, represents the Debtors as Delaware counsel.
Five members compose the official committee of unsecured
creditors.  Pepper Hamilton, LLP, represents the Committee as
counsel.  Epiq Bankruptcy Solutions, LLC, is the Debtors'
balloting, notice, and claims agent.

When the Debtors filed for protection from their creditors, they
listed total assets of $175,714,000 and total debts of
$259,389,000.


THOMAS SAHROW: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Joint Debtors: Thomas H. Sahrow
               Kathleen D. Sahrow
               PO Box 684
               Venice, FL 34284

Bankruptcy Case No.: 09-15688

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       Middle District of Florida (Tampa)

Debtors' Counsel: R. John Cole II, Esq.
                  46 N Washington Blvd, Suite 24
                  Sarasota, FL 34236
                  Tel: (941) 365-4055
                  Fax: (941) 365-4219
                  Email: rjc@rjcolelaw.com

Total Assets: $3,016,692

Total Debts: $4,789,948

A full-text copy of the Debtors’ petition, including a list of
their 20 largest unsecured creditors, is available for free at:

     http://bankrupt.com/misc/flmb09-15688.pdf

The petition was signed by the Joint Debtors.


TRANSALTA CORPORATION: Moody's Reviews Ba1 Preferred Shelf Rating
-----------------------------------------------------------------
Moody's Investors Service announced that it placed TransAlta
Corporation's Baa2 senior unsecured and (P)Ba1 preferred shelf
ratings under review for possible downgrade following TA's
announcement of an unsolicited $1.5 billion bid for Canadian Hydro
Developers.

The review for downgrade reflects the unsolicited nature of TA's
bid for CHD and the fact that the terms of any transaction that
might result could be significantly different from those outlined
in TA's bid.  However, Moody's notes that TA's management has
consistently stated the importance of the company's current Baa2
senior unsecured rating and stable outlook.  Accordingly, Moody's
believes that there is a good likelihood that TA will attempt to
structure any transaction in a manner that is consistent with its
current rating and outlook.  The review also reflects the fact
that while CHD is significantly smaller than TA, the total
enterprise value of the bid represents approximately 20% of TA's
assets at March 31, 2009, and therefore is not immaterial.  The
decision to place TA's rating under review also reflects the fact
that, based on the preliminary information that Moody's has been
able to review to date, the acquisition of CHD would, at the
outset, increase TA's debt levels by approximately $1.2 billion, a
increase of more than 40% relative to TA's March 31, 2009 debt
balances.

Moody's review will focus on the ultimate value of any transaction
that might result from TA's bid as well as TA's financing
strategy.  Moody's review will also focus on the cash flow
generating potential of CHD's portfolio of highly contracted
renewable energy assets.  Moody's will assess the impact of the
acquisition and associated financing on TA's financial profile in
the near to medium-term.  Moody's acknowledges that TA's bid
contemplates a common equity issuance in the range of $250 million
to $300 million and that management expects the acquisition to be
immediately accretive to cash flow.  Nevertheless, Moody's needs
to more fully assess the probable extent and duration of any
weakening of TA's credit metrics calculated on a Moody's adjusted
basis.

Moody's will also evaluate the impact of the proposed acquisition
on TA's business and operating risk profile.  Moody's understands
that TA believes that CHD's assets represent a good strategic fit
with TA's existing portfolio in that they are exclusively
renewable energy assets that are highly contracted for long
durations.

TA's ratings were assigned by evaluating factors believed to be
relevant to its credit profile, such as i) the business risk and
competitive position of TA versus others within its industry or
sector, ii) the capital structure and financial risk of TA, iii)
the projected performance of TA over the near to intermediate
term, and iv) TA's historical operating performance and financial
performance relative to its business plan goals.  These attributes
were compared against other issuers both within and outside of
TA's core peer group and TA's ratings are believed to be
comparable to ratings assigned to other issuers of similar credit
risk.

The last rating action occurred on September 28, 2006, when TA's
rating outlook was changed to stable from negative.

TransAlta Corporation is a wholesale power and energy marketing
company headquartered in Calgary, Alberta.


VERANDA PARK COMMERCIAL: Case Summary 5 Largest Unsec. Creditors
----------------------------------------------------------------
Debtor: Veranda Park Commercial Property Owners Association, Inc.
        7065 Westpointe Blvd., Suite 318
        Orlando, FL 32835

Bankruptcy Case No.: 09-10338

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Middle District of Florida (Orlando)

Debtor's Counsel: Norman L. Hull, Esq.
                  746 North Magnolia Avenue
                  Orlando, FL 32803
                  Tel: (407) 422-1235
                  Fax: (407) 423-2842
                  Email: flabankruptcy@earthlink.net

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $100,001 to $500,000

A list of the Company's 5 largest unsecured creditors is available
for free at:

          http://bankrupt.com/misc/flmb09-10338.pdf

The petition was signed by Kevin H. Azzouz, vice-president and CEO
of the Company.


VINEYARD NATIONAL: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Vineyard National Bancorp
        1260 Corona Pointe Court
        Corona, CA 92879

Bankruptcy Case No.: 09-26401

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       Central District of California (Riverside)

Judge: Richard M. Neiter

Debtor's Counsel: Rodger M. Landau, Esq.
            1801 Century Park E, Suite 1250
            Los Angeles, CA 90067
            Tel: (310) 557-0051
            Email: rlandau@lblawllp.com

Estimated Assets: $1,000,001 to $10,000,000

Estimated Debts: $100,000,001 to $500,000,000

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

        http://bankrupt.com/misc/cacb09-26401.pdf

The petition was signed by Glen C. Terry, president and CEO of the
Company.


WABASH NATIONAL: Inks Third Amendment to BofA Loan Agreement
------------------------------------------------------------
Wabash National Corporation and certain of its subsidiaries on
July 17, 2009, entered into the Third Amended and Restated Loan
and Security Agreement with Bank of America, N.A., as a Lender and
as Agent, and the other Lender parties.  The Amended Facility is
guaranteed by certain subsidiaries of the Company and secured by
substantially all of the assets of the Borrowers and Guarantors.

The Amended Facility amends and restates the Company's current
revolving credit facility, and will be effective upon the
consummation of the investment contemplated by the securities
purchase agreement and satisfaction of other customary closing
conditions.

When effective, the Amended Facility will provide for borrowings
of up to $100 million, subject to a borrowing base, a
$12.5 million reserve and other discretionary reserves.

The interest rate on borrowings under the Amended Facility from
the date of effectiveness through July 31, 2010, is LIBOR plus
4.25% or the prime rate of Bank of America, N.A. plus 2.75%.
After July 31, 2010, the interest rate is based upon average
unused availability and will range between LIBOR plus 3.75% to
4.25% and the Prime Rate plus 2.25% to 2.75%.

Upon effectiveness, the Borrowers are required to pay a monthly
unused line fee equal 0.375% times the average daily unused
availability along with other customary fees and expenses of the
Agent and the lenders.

The Amended Facility contains customary representations,
warranties, affirmative and negative covenants, including, without
limitation, restrictions on mergers, dissolutions, acquisitions,
indebtedness, affiliate transactions, the occurrence of liens,
payments of subordinated indebtedness, disposition of assets,
leases and changes to organizational documents.

Under the Amended Facility, the Company may not repurchase or
redeem its common stock and may not pay cash dividends to the
Company's common stockholders until the second anniversary of the
effectiveness of the Amended Facility and then only if (i) no
default or events of default are then in existence or would be
caused by such purchase, redemption or payment, (ii) immediately
after such purchase, redemption or payment, the Borrowers have
unused availability of at least $40 million, (iii) the amount of
all cash dividends paid by the Company does not exceed $20 million
in any fiscal year and (iv) at least 5 business days prior to the
purchase, redemption or payment, an officer of the company has
delivered a certificate to the Agent certifying that the
conditions precedent in clauses (i)-(iii) have been satisfied.
The Company is, however, permitted to repurchase stock from
employees upon termination of their employment so long as no
default or event of default exists at the time or would be caused
by such repurchase and such repurchases do not exceed $2.5 million
in any fiscal year.

In addition, the Company may not repurchase or redeem the
Preferred Stock and may not pay cash dividends to the holders of
the Preferred Stock until July 1, 2010.  At any time after July 1,
2010, until the second anniversary of the effectiveness of the
Amended Facility, the Company may pay cash dividends or redeem or
repurchase the Preferred Stock if (i) no default or events of
default are then in existence or would be caused by such purchase,
redemption or payment, (ii) immediately after such purchase,
redemption or payment, the Borrowers have unused availability of
at least $25 million and (iii) at least 5 business days prior to
the purchase, redemption or payment, an officer of the company has
delivered a certificate to the Agent certifying that the
conditions precedent in clauses (i)-(iii) have been satisfied.

After the second anniversary of the effectiveness of the Amended
Facility, the unused availability condition precedent is reduced
to $12.5 million.

The Amended Facility contains customary events of default
including, without limitation, failure to pay obligations when due
under the Amended Facility, false and misleading representations,
breaches of covenants (subject in some instances to cure and grace
periods), defaults by the Borrowers on certain other indebtedness,
the occurrence of certain uninsured losses, business disruptions
for a period of time that materially adversely affects the
capacity to continue business on a profitable basis, changes of
control (including a change of control as described in Item 1.01
relating to the Preferred Stock) and the incurrence of certain
judgments that are not stayed, released or discharged within 30
days.

Upon the effectiveness of the Amended Facility, the lenders will
waive certain events of default that have occurred under the
existing credit facility and will waive the right to receive
default interest during the time the events of default have
continued.

As reported by the Troubled Company Reporter, Wabash National on
July 17, entered into a Securities Purchase Agreement with Trailer
Investments, LLC, an entity formed for this purpose by
Lincolnshire Equity Fund III, L.P., a private equity investment
fund managed by Lincolnshire Management, Inc., pursuant to which
Trailer Investments will invest $35 million in the Company.

The Company will issue and sell to Trailer Investments these
preferred stock: $20,000,000 of the Company's Series E redeemable
preferred stock comprised of 20,000 shares of Series E Preferred
at a price per share of $1,000; $5,000,000 of the Company's Series
F redeemable preferred stock comprised of 5,000 shares of Series F
Preferred at a price per share of $1,000; and $10,000,000 of the
Company's Series G redeemable preferred stock comprised of 10,000
shares of Series G Preferred at a price per share of $1,000.

The Company's Series E redeemable preferred stock, Series F
redeemable preferred stock and Series G redeemable preferred
stock, and the Warrant for up to 44.21% of the shares of Wabash's
common stock to Trailer Investments, will be issued in reliance on
Section 4(2) under the Securities Act of 1933 and Regulation D
promulgated thereunder in a transaction not involving a public
offering.  Similarly, the shares of common stock issuable upon
exercise of the Warrant, when and if exercised, will be issued in
reliance on Section 4(2) under the Securities Act and Regulation D
promulgated thereunder in a transaction not involving a public
offering.

On July 17, 2009, Wabash entered into an Amendment to the Rights
Agreement, dated as of December 28, 2005, with National City Bank,
as Rights Agent, for the purpose of amending the Rights Agreement
to render it inapplicable to Trailer Investments and its
Affiliates.


Wabash's exclusive financial advisor for the transaction is BB&T
Capital Markets, Inc., and its legal advisor is Hogan & Hartson
LLP.

Lincolnshire Management's legal advisor is Kirkland & Ellis LLP.

                       Forbearance Agreement

As reported by the Troubled Company Reporter on June 4, 2009,
Wabash National said it entered into (i) a first amendment to its
forbearance agreement with its lenders, and (ii) a fourth
amendment to its second amended and restated loan and security
agreement with its lenders.

On April 28, 2009, the Company entered into a Forbearance
Agreement and Third Amendment to Second Amended and Restated Loan
and Security Agreement, whereby Wabash's lenders under a Revolving
Credit Facility agreed, among other things, to refrain from
accelerating maturity of the Revolver Facility due to specified
existing or anticipated events of default through the earlier of
May 29, 2009, or the occurrence or existence of any event of
default other than the existing and anticipated events of default.

Under the further amendment, the lenders under the Revolver
Facility agreed to continue to refrain from accelerating maturity
of the Revolver Facility due to the existing and anticipated
events of default through the earlier of July 31, 2009, or the
occurrence or existence of any event of default other than the
existing and anticipated events of default.

In addition to the 60-day extension of the forbearance period, the
lenders under the Revolver Facility also agreed, among other
things, to reduce the previously established availability reserve
from $22.5 million to $17.5 million through July 31, 2009, and to
decrease the borrowing availability of eligible accounts
receivable from 90% to 85%.

Bank of America, N.A., a Rhode Island corporation, serves as agent
for the Lenders.

The Existing and Anticipated Events of Default covered by the
Forbearance Agreement include:

   -- the Company's failure to deliver audited financial
      statements for fiscal year 2008 by March 31, 2009;

   -- the report of the Company's independent registered public
      accounting firm accompanying the Company's audited financial
      statements for fiscal year 2008 included an explanatory
      paragraph with respect to the Company's ability to continue
      as a going concern;

   -- the Company's failure to deliver prompt written notification
      of name changes of subsidiaries;

   -- the Company's failure to have a minimum fixed charge
      coverage ratio of 1.1:1.0 when the available borrowing
      capacity under the Revolving Credit Facility is below
      $30 million; and

   -- the Company requesting loans under the Revolving Credit
      Facility during the existence of a default or event of
      default under the Revolving Credit Facility.

Wabash National owes the lenders $61,357,817 as of April 27, 2009.

                       About Wabash National

Headquartered in Lafayette, Indiana, Wabash National Corporation
is one of the leading manufacturers of semi-trailers in North
America.  Established in 1985, the company specializes in the
design and production of dry freight vans, refrigerated vans,
flatbed trailers, drop deck trailers, dump trailers, truck bodies
and intermodal equipment.  Its innovative core products are sold
under the DuraPlate(R), ArcticLite(R), FreightPro(TM) Eagle(R) and
Benson(TM) brand names.  The company operates two wholly owned
subsidiaries; Transcraft (R) Corporation, a manufacturer of
flatbed, drop deck, dump trailers and truck bodies; and Wabash
National Trailer Centers, trailer service centers and retail
distributors of new and used trailers and aftermarket parts
throughout the U.S.


WALK ABOUT CREEK: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Walk About Creek Limited Dividend Housing Association
        Limited Partnership
        1066 30th Street, NW
        Washington, DC 20007

Bankruptcy Case No.: 09-00632

Debtor-affiliates filing separate Chapter 11 petition:

        Entity                                     Case No.
        ------                                     --------
Walkabout Creek II Limited Dividend Housing        09-00633

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       United States Bankruptcy Court for the District of Columbia
       (Washington, D.C.)

Debtor's Counsel: Janet M. Nesse, Esq.
                  Stinson, Morrison & Hecker LLP
                  1150 18th St., NW, Suite 800
                  Washington, DC 20036
                  Tel: (202) 785-9100
                  Email: jnesse@stinson.com

Total Assets: $3,756,371

Total Debts: $3,375,504

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

      http://bankrupt.com/misc/cob09-00632.pdf

The petition was signed by John K. Freeman.


WALLACE & SONS INC: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Wallace & Sons, Inc.
           dba Colonial Lighting Supply
        120 Peachtree Industrial Blvd.
        Sugar Hill, GA 30518

Bankruptcy Case No.: 09-78681

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: Jerry A. Daniels, Esq.
            Suite 301, 33 S. Clayton St.
            Lawrenceville, GA 30045
            Tel: (770) 962-4070
            Fax: (770) 513-8462
            Email: jerry@danielstaylor.com

Total Assets: $1,394,495

Total Debts: $1,773,023

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

        http://bankrupt.com/misc/ganb09-78681.pdf

The petition was signed by Larry E. Wallace, president of the
Company.


WESTSIDE DEVELOPMENT: Case Summary & 11 Largest Unsec. Creditors
----------------------------------------------------------------
Debtor: Westside Development Group LLC
            aka Sorano Commercial Village
        390 Park Street, Suite 200
        Birmingham, MI 48009

Case No.: 09-62646

Type of Business: The Debtor operates a real estate business.

Chapter 11 Petition Date: July 21, 2009

Court: United States Bankruptcy Court
       Eastern District of Michigan (Detroit)

Judge: Phillip J. Shefferly

Debtor's Counsel: Kenneth J. Wrobel Jr., Esq.
            390 Park St., Suite 200
            Birmingham, MI 48009
            Tel: (248) 645-2200
            Email: kenwrobel@wrobellaw.net

Estimated Assets: $10,000,001 to $50,000,000

Estimated Debts: $10,000,001 to $50,000,000

The petition was signed by Anthony A. Yezbick, the company’s
manager.

Debtor's List of 11 Largest Unsecured Creditors:

  Entity                       Nature of Claim        Claim Amount
  ------                       ---------------        ------------
Community Bank of Nevada       Mortgage               $20,965,269
8945 W. Russell Road                                  ($10,000,000
Ste 300                                               secured by
Las Vegas, NV 89148                                   value of
                                                      the land)

Clark County Treasurer         Taxes                  $223,009
                                                      (as of
                                                      5/6/09)

Lochsa Engineering             Engineering            $46,352

Redneck Enterprises, LLC       Engineering            $14,679

Dekker/Perich/Sabtini          Architect              $88,259
LTD. LAS

Studion VBM, LLC               Landscape Architect    $18,065

Bentar Development Inc.        Contractor             $86,966

Colliers International         Commission             $93,000

Apap & Everly, PLLC            Accounting             $1,160

Wenderski & Associates, CPA PC Accounting             $1,070

Kummer Kaempfer Bonner         Legal Fee              $413
Renshaw & Ferrario


WILLIAM HEGGER: Case Summary & 8 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: William R. Hegger, Sr.
        223845 NE Adair Road
        Redmond, WA 98053

Bankruptcy Case No.: 09-17062

Chapter 11 Petition Date: July 17, 2009

Court: United States Bankruptcy Court
       Western District of Washington (Seattle)

Judge: Thomas T. Glover

Debtor's Counsel: Dallas W. Jolley, Esq.
            Attorney at Law
            4707 S Junett St., Suite B
            Tacoma, WA 98409
            Tel: (253) 761-8970
            Email: t_steenson@yahoo.com

Estimated Assets: $500,001 to $1,000,000

Estimated Debts: $1,000,001 to $10,000,000

A full-text copy of the Debtor's petition, including a list of its
8 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/wawb09-17062.pdf

The petition was signed by William R. Hegger, Sr.


WJL EQUITIES: U.S. Trustee Sets Meeting of Creditors for August 12
------------------------------------------------------------------
The U.S. Trustee for Region 2 will convene a meeting of creditors
in WJL Equities Corporation's Chapter 11 case on August 12, 2009,
at 10:00 a.m.  The meeting will be held at the Office of the
United States Trustee, 80 Broad Street, Fourth Floor, New York
City.

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.

Eastchester, New York-based WJL Equities Corporation fka Wjl
Trucking & Paving Corp. operates a Highway/Street Construction
Local Trucking corporation.

The Company filed for Chapter 11 on July 14, 2009 (Bankr. S. D.
N.Y. Case No. 09-23248) Arlene Gordon-Oliver, Esq. at Rattet,
Pasternak & Gordon-Oliver, LLP represents the Debtor in its
restructuring efforts.  The Debtor said its assets and debts both
range from $10,000,001 to $50,000,000.


WJL EQUITIES: Wants Schedules Filing Extended until August 22
-------------------------------------------------------------
WJL Equities Corporation asks the U.S. Bankruptcy Court for the
Southern District of New York to extend until August 22, 2009, the
time to file its statements of financial affairs and schedules of
assets and liabilities.

Eastchester, New York-based WJL Equities Corporation fka Wjl
Trucking & Paving Corp. operates a Highway/Street Construction
Local Trucking corporation.

The Company filed for Chapter 11 on July 14, 2009 (Bankr. S. D.
N.Y. Case No. 09-23248) Arlene Gordon-Oliver, Esq. at Rattet,
Pasternak & Gordon-Oliver, LLP represents the Debtor in its
restructuring efforts.  The Debtor said its assets and debts both
range from $10,000,001 to $50,000,000.


WISSOTA VIEW INC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Wissota View Inc.
           dba Wissota View
           dba The View
        333 East Prairie View Road #355
        Chippewa Falls, WI 54729

Bankruptcy Case No.: 09-14765

Chapter 11 Petition Date: July 20, 2009

Court: United States Bankruptcy Court
       Western District of Wisconsin
       http://www.wiw.uscourts.gov(Eau Claire)

Judge: Thomas S. Utschig

Debtor's Counsel: Erwin H. Steiner, Esq.
            2522 Golf Road, Suite 3
            Eau Claire, WI 54701
            Tel: (715) 832-2040
            Email: steinerwright@charterinternet.com

Total Assets: $1,860,000

Total Debts: $1,767,994

A full-text copy of the Debtor's petition, including a list of its
20 largest unsecured creditors, is available for free at:

         http://bankrupt.com/misc/wiwb09-14765.pdf

The petition was signed by David Lambert, president of the
Company.


WOORI BANK: S&P Reports 'CCC+srp' Rating on Credit Default Swap
---------------------------------------------------------------
Standard & Poor's Ratings Services made public its 'CCC+srp'
rating on the credit default swap between Woori Bank and Citibank
N.A., a synthetic corporate investment-grade collateralized debt
obligation, at the issuer's request.


ZIM CORP: Posts $153,513 Net Income for March 2009 Fiscal Year
--------------------------------------------------------------
ZIM Corporation filed with the Securities and Exchange Commission
its Annual Report on Form 20-F for the fiscal year ended March 31,
2009.

ZIM posted a net income of $153,513 for the fiscal year, compared
to $82,536 for the same period last year.

At March 31, 2009, ZIM had $1,156,931 in total assets, $355,956 in
current liabilities, $23,785 in deferred rent, and $777,190 in
shareholders' equity.  At March 31, 2009, the Company had
$21,235,095 in accumulated deficit.

At March 31, 2009, ZIM had cash and cash equivalents of $640,214
and working capital of $705,857, as compared to cash of $299,943
and working capital of $545,568 at March 31, 2008.  As at
March 31, 2007, ZIM had cash and cash equivalents of $441,637 and
working capital of $93,085.

At March 31, 2009, the Company had access to a line of credit for
approximately $396,416 from its Chief Executive Officer and a
working capital line from its principal banker for approximately
$39,642, in addition to a cash and cash equivalent balance of
$640,214.  Management believes that these funds, together with
cash from on-going operations, will be sufficient to fund existing
operations for the next 12 months.  However, there is no guarantee
that unanticipated circumstances will not require additional
liquidity, and in any event, these funds alone may not allow for
any additional expenditures or growth.

A full-text copy of the Annual Report is available at no charge
at:

                http://ResearchArchives.com/t/s?3fbc

                          About ZIM Corp.

Ottawa, Canada-based ZIM Corporation (OTC BB: ZIMCF) --
http://www.zim.biz/-- is a mobile content, Enterprise Database
Software and Internet TV service provider.  Through its global
infrastructure, ZIM provides publishing and licensing services for
market-leading mobile content and for Internet TV broadcasting.

                        Going Concern Doubt

Raymond Chabot Grant Thornton LLP raised substantial doubt on the
ability of ZIM Corporation to continue as a going concern after it
audited the company's financial statements for the year ended
March 31, 2008.  The auditor disclosed that the Company has an
accumulated deficit of $21,455,824 and generated negative cash
flows from operations of $315,458 during the year ended March 31,
2008.  The Company also has generated negative cash flows from
operations during four of the previous five years.


* Chapter 11 Cases With Assets and Liabilities Below $1,000,000
---------------------------------------------------------------
In Re UFNA Inc.
       fdba All Century Inc.
   Bankr. C.D. Calif. Case No. 09-18715
      Chapter 11 Petition filed July 14, 2009
         Filed as Pro Se

In Re Martin D. Hess
   Bankr. N.D. Calif. Case No. 09-46224
      Chapter 11 Petition filed July 14, 2009
         See http://bankrupt.com/misc/canb09-46224.pdf

In Re Miraflor E. Lumpkin
   Bankr. S.D. Calif. Case No. 09-10074
      Chapter 11 Petition filed July 14, 2009
         See http://bankrupt.com/misc/casb09-10074.pdf

In Re CSM Cabinetry LLC
   Bankr. D. Conn. Case No. 09-31902
      Chapter 11 Petition filed July 14, 2009
         See http://bankrupt.com/misc/ctb09-31902.pdf

In Re Greenwich Landing LLC
       dba 88 South Water Street LLC
   Bankr. D. Conn. Case No. 09-51360
      Chapter 11 Petition filed July 14, 2009
         See http://bankrupt.com/misc/ctb09-51360.pdf

In Re Ross Ranch & Retreat Center, LLC
   Bankr. D. Colo. Case No. 09-24011
      Chapter 11 Petition filed July 14, 2009
         See http://bankrupt.com/misc/cob09-24011.pdf

   In Re Jam-N-Sounds, LLC
      Bankr. D. Colo. Case No. 09-24012
         Chapter 11 Petition filed July 14, 2009
            See http://bankrupt.com/misc/cob09-24012.pdf

In Re Floid Ray McCord
       dba McCord Enterprises
       dba Quail Valley Fund Barn LLC
       dba Joe's Carpet & Interiors
       dba Quailey Productions Partnership
       dba A&F Concessions
      Veleda Marie McCord
   Bankr. D. Kans. Case No. 09-12220
      Chapter 11 Petition filed July 14, 2009
         See http://bankrupt.com/misc/ksb09-12220.pdf

In Re Victory Outreach - Detroit
   Bankr. E.D. Mich. Case No. 09-61898
      Chapter 11 Petition filed July 14, 2009
         See http://bankrupt.com/misc/mieb09-61898p.pdf
         See http://bankrupt.com/misc/mieb09-61898c.pdf

In Re Shane Hagel
      Lynette D. Hagel
   Bankr. D. Nev. Case No. 09-22482
      Chapter 11 Petition filed July 14, 2009
         See http://bankrupt.com/misc/nvb09-22482.pdf

In Re Amityville Auto Glass, Inc.
       dba Amity Auto Glass
   Bankr. E.D. N.Y. Case No. 09-75181
      Chapter 11 Petition filed July 14, 2009
         See http://bankrupt.com/misc/nyeb09-75181.pdf

In Re Millenium Pure Water Bottlers Corp.
      aka Agua Le Marie
      aka Natural Spring Water
   Bankr. D. P.R. Case No. 09-05791
      Chapter 11 Petition filed July 14, 2009
         An illegible copy of the petition was filed.

In Re Frisco Restaurants, LLC
       dba Kotta Sushi Lounge
   Bankr. E.D. Tex. Case No. 09-42244
      Chapter 11 Petition filed July 14, 2009
         See http://bankrupt.com/misc/txeb09-42244.pdf

In Re Thueringia, LLC
   Bankr. N.D. Tex. Case No. 09-34555
      Chapter 11 Petition filed July 14, 2009
         See http://bankrupt.com/misc/txnb09-34555.pdf

In Re Quality Leads, Inc.
   Bankr. D. Ariz. Case No. 09-16428
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/azb09-16428.pdf

In Re Lorraine M. Nichols
   Bankr. C.D. Calif. Case No. 09-17098
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/cacb09-17098.pdf

In Re W.C. Brown Welding, Inc.
   Bankr. C.D. Calif. Case No. 09-25956
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/cacb09-25956.pdf

In Re Gregory Breunich
       aka Greg Breunich
   Bankr. M.D. Fla. Case No. 09-15106
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/flmb09-15106.pdf

In Re Lifesaver Investments & Holdings, Inc.
   Bankr. S.D. Fla. Case No. 09-24443
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/flsb09-24443.pdf

In Re Michael George Visconte
      Danielle DeCarlo Visconte
       aka Danielle Ann Visconte
   Bankr. S.D. Fla. Case No. 09-24414
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/flsb09-24414.pdf

In Re LLC Kingston Grill
   Bankr. N.D. Ill. Case No. 09-25542
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/ilnb09-25542.pdf

In Re 120 Foster Street Realty Trust
   Bankr. D. Mass. Case No. 09-16658
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/mab09-16658.pdf

In Re Amerish Foods, LLC
       dba The Country Gourmet
       dba Metro West Catering
       aka Metrowest Catering
   Bankr. D. Mass. Case No. 09-42847
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/mab09-42847.pdf

In Re Paul D. McCarthy
      Tacheryn A. McCarthy
   Bankr. D. Mass. Case No. 09-42842
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/mab09-42842.pdf

In Re Tanners Cafe, Inc.
   Bankr. D. Mass. Case No. 09-16656
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/mab09-16656.pdf

In Re Thomas Burns
   Bankr. D. Mass. Case No. 09-16621
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/mab09-16621.pdf

In Re Bella Sposa, LLC
   Bankr. D. Nev. Case No. 09-22538
      Chapter 11 Petition filed July 15, 2009
         Filed as Pro Se

In Re Lloyd Ray Trackwell, Sr.
      Judith Christine Trackwell
   Bankr. W.D. Mo. Case No. 09-61596
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/mowb09-61596p.pdf
         See http://bankrupt.com/misc/mowb09-61596c.pdf

In Re Gotham Trading Partners Inc.
   Bankr. E.D. N.Y. Case No. 09-45920
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/nyeb09-45920.pdf

In Re Centro De Cuidado Titi Norma Inc.
       aka Norma Inc.
       aka Titi Norma Centro Pre-Escolar
       dba Centro Desarrollo Preescolar Titi
       dba Centro Cuidado Y Desarrollo Pre Esc
       dba Centro Diurnon Cuidado
   Bankr. D. P.R. Case No. 09-05827
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/prb09-05827.pdf

In Re Rural Developments, LLC
   Bankr. M.D. Tenn. Case No. 09-07796
      Chapter 11 Petition filed July 15, 2009
         Filed as Pro Se

In Re First Money Financial Services, Incorporated
   Bankr. W.D. Tenn. Case No. 09-27585
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/tnwb09-27585.pdf

   In Re Triangle Motors, Inc.
      Bankr. W.D. Tenn. Case No. 09-27588
         Chapter 11 Petition filed July 15, 2009

In Re American Recycling, Inc.
       fdba American Recycling, LLC
   Bankr. N.D. W.Va. Case No. 09-01565
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/wvnb09-01565.pdf

In Re Dera Inc.
   Bankr. W.D. Wash. Case No. 09-16945
      Chapter 11 Petition filed July 15, 2009
         See http://bankrupt.com/misc/wawb09-16945.pdf

In Re Brick Floor Specialists, Inc.
       aka Moshe's Brick Floor Specialist
   Bankr. D. Ariz. Case No. 09-16555
      Chapter 11 Petition filed July 16, 2009
         See http://bankrupt.com/misc/azb09-16555.pdf

In Re Penguin Cafe
       aka Penguin Froyo
   Bankr. N.D. Calif. Case No. 09-55766
      Chapter 11 Petition filed July 16, 2009
         See http://bankrupt.com/misc/canb09-55766.pdf

In Re Robert W. Kilbourne, Sr.
   Bankr. N.D. Calif. Case No. 09-46331
      Chapter 11 Petition filed July 16, 2009
         See http://bankrupt.com/misc/canb09-46331.pdf

In Re STTN Enterprise, Inc.
   Bankr. N.D. Calif. Case No. 09-55759
      Chapter 11 Petition filed July 16, 2009
         Filed as Pro Se

In Re Middletown Estate Developers, Inc.
   Bankr. D. Del. Case No. 09-12530
      Chapter 11 Petition filed July 16, 2009
         See http://bankrupt.com/misc/deb09-12530.pdf

In Re Willam R. Russell, Jr.
   Bankr. S.D. Fla. Case No. 09-24458
      Chapter 11 Petition filed July 16, 2009
         See http://bankrupt.com/misc/flsb09-24458p.pdf
         See http://bankrupt.com/misc/flsb09-24458c.pdf

In Re Femi M. Akindele
   Bankr. N.D. Ga. Case No. 09-78495
      Chapter 11 Petition filed July 16, 2009
         Filed as Pro Se

In Re Next Generation Mechanic, Inc.
       aka T&S Towing
   Bankr. D. Md. Case No. 09-22929
      Chapter 11 Petition filed July 16, 2009
         See http://bankrupt.com/misc/mdb09-22929p.pdf
         See http://bankrupt.com/misc/mdb09-22929c.pdf

In Re Aladdin Jewelers Inc.
       dba Mirage Jewelers
   Bankr. E.D. Mich. Case No. 09-62199
      Chapter 11 Petition filed July 16, 2009
         See http://bankrupt.com/misc/mieb09-62199p.pdf
         See http://bankrupt.com/misc/mieb09-62199c.pdf

In Re Fire Creek Corporation
   Bankr. D. Mont. Case No. 09-61378
      Chapter 11 Petition filed July 16, 2009
         See http://bankrupt.com/misc/mtb09-61378.pdf

In Re Michael Joseph Matulka
   Bankr. D. Neb. Case No. 09-81868
      Chapter 11 Petition filed July 16, 2009
         Filed as Pro Se

In Re Air Power, Inc.
   Bankr. D. N.J. Case No. 09-28451
      Chapter 11 Petition filed July 16, 2009
         See http://bankrupt.com/misc/njb09-28451.pdf

In Re John Kall
   Bankr. S.D.N.Y. Case No. 09-23276
      Chapter 11 Petition filed July 16, 2009
         See http://bankrupt.com/misc/nysb09-23276.pdf

In Re Master Machine Incorporated
   Bankr. W.D. N.Y. Case No. 09-13293
      Chapter 11 Petition filed July 16, 2009
         See http://bankrupt.com/misc/nywb09-13293.pdf

In Re Paul S. McLemore
   Bankr. M.D. Tenn. Case No. 09-07961
      Chapter 11 Petition filed July 16, 2009
         See http://bankrupt.com/misc/tnmb09-07961.pdf

In Re Spencer Mill Construction, LLC
   Bankr. M.D. Tenn. Case No. 09-07938
      Chapter 11 Petition filed July 16, 2009
         See http://bankrupt.com/misc/tnmb09-07938.pdf

In Re Jason C. Whittle
   Bankr. N.D. Ala. Case No. 09-82892
      Chapter 11 Petition filed July 17, 2009
         See http://bankrupt.com/misc/alnb09-82892p.pdf
         See http://bankrupt.com/misc/alnb09-82892c.pdf

In Re Ronald Schorr
      Camille Maksym-Schorr
   Bankr. D. Ariz. Case No. 09-16622
      Chapter 11 Petition filed July 17, 2009
         See http://bankrupt.com/misc/azb09-16622p.pdf
         See http://bankrupt.com/misc/azb09-16622c.pdf

In Re W.T.R. INC.
   Bankr. D. Ariz. Case No. 09-16674
      Chapter 11 Petition filed July 17, 2009
         See http://bankrupt.com/misc/azb09-16674.pdf

In Re Delia A. Grasso
   Bankr. C.D. Calif. Case No. 09-18864
      Chapter 11 Petition filed July 17, 2009
         See http://bankrupt.com/misc/cacb09-18864.pdf

In Re Frank Fred Joseph
       aka Joseph's Construction
      Helen Teresa Joseph
       aka Helen's Closet and Salon
   Bankr. E.D. Calif. Case No. 09-34912
      Chapter 11 Petition filed July 17, 2009
         See http://bankrupt.com/misc/caeb09-34912.pdf

In Re Dennis Q. Astilla
      Diane L. Astilla
   Bankr. N.D. Calif. Case No. 09-46360
      Chapter 11 Petition filed July 17, 2009
         Filed as Pro Se

In Re Mesa Verde Aviation, Inc.
   Bankr. D. Colo. Case No. 09-24323
      Chapter 11 Petition filed July 17, 2009
         See http://bankrupt.com/misc/cob09-24323p.pdf
         See http://bankrupt.com/misc/cob09-24323c.pdf

In Re NWO Properties Associates, LLC
   Bankr. D. Conn. Case No. 09-22004
      Chapter 11 Petition filed July 17, 2009
         Filed as Pro Se

In Re Coastal Granite & Marble of Sarasota LLC
   Bankr. M.D. Fla. Case No. 09-15337
      Chapter 11 Petition filed July 17, 2009
         See http://bankrupt.com/misc/flmb09-15337p.pdf
         See http://bankrupt.com/misc/flmb09-15337c.pdf

In Re Jonathan Phillip Hanley
   Bankr. N.D. Ill. Case No. 09-25826
      Chapter 11 Petition filed July 17, 2009
         Filed as Pro Se

In Re Daniel R. Moxley, Inc.
   Bankr. D. Md. Case No. 09-23016
      Chapter 11 Petition filed July 17, 2009
         See http://bankrupt.com/misc/mdb09-23016.pdf

In Re Kelvin Leonard Wright
   Bankr. W.D. Mo. Case No. 09-61621
      Chapter 11 Petition filed July 17, 2009
         Filed as Pro Se

In Re Good Times Watch, Inc.
   Bankr. D. N.J. Case No. 09-28631
      Chapter 11 Petition filed July 17, 2009
         See http://bankrupt.com/misc/njb09-28631.pdf

In Re Hobart Cabinet Company
   Bankr. S.D. Ohio Case No. 09-34343
      Chapter 11 Petition filed July 17, 2009
         See http://bankrupt.com/misc/ohsb09-34343.pdf

In Re Digital Ingenuity, Inc.
   Bankr. E.D. Pa. Case No. 09-15253
      Chapter 11 Petition filed July 17, 2009
         See http://bankrupt.com/misc/paeb09-15253.pdf

In Re Filomon Matos Inc.
   Bankr. D. P.R. Case No. 09-05897
      Chapter 11 Petition filed July 17, 2009
         See http://bankrupt.com/misc/prb09-05897.pdf

In Re Nephesh Wood Recycling Inc.
   Bankr. D. P.R. Case No. 09-05906
      Chapter 11 Petition filed July 17, 2009
         See http://bankrupt.com/misc/prb09-05906.pdf

In Re Jeweltex Enterprises, Inc.
       dba Sams Fine Jewelry
   Bankr. N.D. Tex. Case No. 09-34614
      Chapter 11 Petition filed July 17, 2009
         See http://bankrupt.com/misc/txnb09-34614.pdf

In Re G&J Investments, Inc.
   Bankr. E.D. Va. Case No. 09-15707
      Chapter 11 Petition filed July 17, 2009
         See http://bankrupt.com/misc/vaeb09-15707.pdf

In Re Grede-Pryor, Inc.
   Bankr. W.D. Wisc. Case No. 09-14723
      Chapter 11 Petition filed July 17, 2009
         See http://bankrupt.com/misc/wiwb09-14723.pdf

   In Re Grede Transport, Inc.
      Bankr. W.D. Wisc. Case No. 09-14724
         Chapter 11 Petition filed July 17, 2009
            See http://bankrupt.com/misc/wiwb09-14724.pdf

In Re Ronald Canonica
      Renee M. Canonica
   Bankr. D. Mass. Case No. 09-42912
      Chapter 11 Petition filed July 19, 2009
         See http://bankrupt.com/misc/mab09-42912.pdf

In Re David Eugene Green
       aka D.E. Green
      Lara Crowder Green
       aka Lara C. Green
       aka Lara Green
   Bankr. E.D. Va. Case No. 09-34626
      Chapter 11 Petition filed July 19, 2009
         See http://bankrupt.com/misc/vaeb09-34626.pdf

In Re United Apostolic Church of God, Inc.
   Bankr. E.D. Wisc. Case No. 09-30301
      Chapter 11 Petition filed July 19, 2009
         See http://bankrupt.com/misc/wieb09-30301.pdf

In Re Kenai Riverfront Condominiums, LLC
   Bankr. D. Alaska Case No. 09-00493
      Chapter 11 Petition filed July 20, 2009
         See http://bankrupt.com/misc/akb09-00493p.pdf
         See http://bankrupt.com/misc/akb09-00493c.pdf

In Re Irma Telmi
   Bankr. C.D. Calif. Case No. 09-28623
      Chapter 11 Petition filed July 20, 2009
         Filed as Pro Se

In Re Ligaya F. Taruc
   Bankr. C.D. Calif. Case No. 09-28574
      Chapter 11 Petition filed July 20, 2009
         Filed as Pro Se

In Re Heart N' Soul Tax Service of Vallejo, Inc.
   Bankr. E.D. Calif. Case No. 09-35041
      Chapter 11 Petition filed July 20, 2009
         See http://bankrupt.com/misc/caeb09-35041.PDF

In Re Jack Gindi
   Bankr. D. Colo. Case No. 09-24436
      Chapter 11 Petition filed July 20, 2009
         See http://bankrupt.com/misc/cob09-24436p.pdf
         See http://bankrupt.com/misc/cob09-24436c.pdf

In Re Richard A. Barker
       dba High Speed Service of Jacksonville
   Bankr. M.D. Fla. Case No. 09-05952
      Chapter 11 Petition filed July 20, 2009
         See http://bankrupt.com/misc/flmb09-05952.pdf

In Re S&J Curtis Holding Corp.
   Bankr. M.D. Fla. Case No. 09-15587
      Chapter 11 Petition filed July 20, 2009
         See http://bankrupt.com/misc/flmb09-15587p.pdf
         See http://bankrupt.com/misc/flmb09-15587c.pdf

In Re Charles Kenneth Schmandt
      Phyllis Marie Schmandt
   Bankr. N.D. Ga. Case No. 09-22946
      Chapter 11 Petition filed July 20, 2009
         See http://bankrupt.com/misc/ganb09-22946.pdf

In Re Stroker Enterprises, Inc.
   Bankr. D. Idaho Case No. 09-41063
      Chapter 11 Petition filed July 20, 2009
         See http://bankrupt.com/misc/idb09-41063.pdf

In Re The Furniture Box of Illinois, LLC
       fdba The Furniture Box, LLC
   Bankr. N.D. Ill. Case No. 09-26241
      Chapter 11 Petition filed July 20, 2009
         See http://bankrupt.com/misc/ilnb09-26241.pdf

In Re MCT Services LLC
   Bankr. W.D. Ky. Case No. 09-33551
      Chapter 11 Petition filed July 20, 2009
         See http://bankrupt.com/misc/kywb09-33551.pdf

In Re Future Heritage, Inc.
   Bankr. D. Mass. Case No. 09-16826
      Chapter 11 Petition filed July 20, 2009
         See http://bankrupt.com/misc/mab09-16826.pdf

In Re MEG Jamaican Bakery & Restaurant, Inc.
   Bankr. E.D. N.Y. Case No. 09-46049
      Chapter 11 Petition filed July 20, 2009
         See http://bankrupt.com/misc/nyeb09-46049.pdf

In Re Ramreddy, Inc.
   Bankr. E.D. Pa. Case No. 09-15283
      Chapter 11 Petition filed July 20, 2009
         See http://bankrupt.com/misc/paeb09-15283.pdf

In Re Keith S. Tobias
       aka Keith Tobias
      Karen A. Tobias
       aka Karen Tobias
   Bankr. M.D. Tenn. Case No. 09-08107
      Chapter 11 Petition filed July 20, 2009
         See http://bankrupt.com/misc/tnmb09-08107.pdf

In Re Robert C. Rinehart
   Bankr. D. Utah Case No. 09-27541
      Chapter 11 Petition filed July 20, 2009
         Filed as Pro Se

In Re Buddy's Antique Auction, Inc.
   Bankr. N.D. Ala. Case No. 09-42145
      Chapter 11 Petition filed July 21, 2009
         See http://bankrupt.com/misc/alnb09-42145.pdf

In Re Bedrock Properties
   Bankr. D. Ariz. Case No. 09-16970
      Chapter 11 Petition filed July 21, 2009
         Filed as Pro Se

In Re Drainmasters, L.L.C.
   Bankr. D. Ariz. Case No. 09-16975
      Chapter 11 Petition filed July 21, 2009
         See http://bankrupt.com/misc/azb09-16975.pdf

In Re Francisco Saez
   Bankr. C.D. Calif. Case No. 09-19059
      Chapter 11 Petition filed July 21, 2009
         Filed as Pro Se

In Re Benchmark Homes - Aspen Meadows, LLC
   Bankr. N.D. Calif. Case No. 09-55875
      Chapter 11 Petition filed July 21, 2009
         Filed as Pro Se

In Re HP Distribution, LLP
   Bankr. D. Kans. Case No. 09-12310
      Chapter 11 Petition filed July 21, 2009
         See http://bankrupt.com/misc/ksb09-12310p.pdf
         See http://bankrupt.com/misc/ksb09-12310c.pdf

In Re Advanced Electrical, Inc.
   Bankr. D. N.J. Case No. 09-28862
      Chapter 11 Petition filed July 21, 2009
         See http://bankrupt.com/misc/njb09-28862p.pdf
         See http://bankrupt.com/misc/njb09-28862c.pdf

In Re Kwang Ho Keh
       aka John Keh
   Bankr. D. N.J. Case No. 09-28922
      Chapter 11 Petition filed July 21, 2009
         See http://bankrupt.com/misc/njb09-28922p.pdf
         See http://bankrupt.com/misc/njb09-28922c.pdf

In Re Samuel Franco
   Bankr. D. N.J. Case No. 09-28850
      Chapter 11 Petition filed July 21, 2009
         Filed as Pro Se

In Re Rock 49th Rest. Corp.
       dba City Lobster & Steak
   Bankr. S.D.N.Y. Case No. 09-14557
      Chapter 11 Petition filed July 21, 2009
         See http://bankrupt.com/misc/nysb09-14557.pdf

In Re Driver Transport, LLC
   Bankr. E.D. N.C. Case No. 09-06028
      Chapter 11 Petition filed July 21, 2009
         See http://bankrupt.com/misc/nceb09-06028p.pdf
         See http://bankrupt.com/misc/nceb09-06028c.pdf

In Re Yarbrough Properties, LLC
   Bankr. M.D. N.C. Case No. 09-51446
      Chapter 11 Petition filed July 21, 2009
         See http://bankrupt.com/misc/ncmb09-51446p.pdf
         See http://bankrupt.com/misc/ncmb09-51446c.pdf

In Re Rock of Faith Baptist Church
   Bankr. S.D. Ohio Case No. 09-58205
      Chapter 11 Petition filed July 21, 2009
         See http://bankrupt.com/misc/ohsb09-58205.pdf

In Re Jeffrey Scott Fiscus
       aka Jeff Fiscus
       aka Jeffrey Fiscus
       aka Jeffrey S. Fiscus
      Kimberly Michelle Fiscus
       aka Kimberly Fiscus
       aka Kimberly M. Fiscus
       aka Kim Fiscus
   Bankr. D. Ore. Case No. 09-63863
      Chapter 11 Petition filed July 21, 2009
         Filed as Pro Se

In Re Beginnings A New, LLC
   Bankr. E.D. Va. Case No. 09-34670
      Chapter 11 Petition filed July 21, 2009
         See http://bankrupt.com/misc/vaeb09-34670.pdf

In Re Ganess Maharaj
       aka Dave Maharaj
      Vena Maharaj
   Bankr. E.D. Va. Case No. 09-15777
      Chapter 11 Petition filed July 21, 2009
         See http://bankrupt.com/misc/vaeb09-15777.pdf

In Re David Alan Development LLC
   Bankr. W.D. Wash. Case No. 09-17168
      Chapter 11 Petition filed July 21, 2009
         Filed as Pro Se



                           *********

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.

The Sunday TCR delivers securitization rating news from the week
then-ending.

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.  Joseph Medel C. Martirez, Denise Marie Varquez, Philline
Reluya, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Carlo Fernandez, Christopher G. Patalinghug,
and Peter A. Chapman, Editors.

Copyright 2009.  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 ***