TCR_Public/100322.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

             Monday, March 22, 2010, Vol. 14, No. 80

                            Headlines

1201 ERNSTON ROAD: Case Summary & 8 Largest Unsecured Creditors
1974 REALTY ASSOCIATES: Case Summary & 5 Largest Unsec. Creditors
199 BOWERY REST: Case Summary & 20 Largest Unsecured Creditors
2665 GENEVA LLC: Voluntary Chapter 11 Case Summary
ACCELR8 TECHNOLOGY: Posts $383,122 Net Loss in Q2 Ended Jan. 31

ACORN: Teeters on Bankruptcy Amid Funding Loss, Mismanagement
ADEGBOYEGA ADESOKAN: Case Summary & 17 Largest Unsecured Creditors
ADVANTA BANK: Closed; FDIC Pays Out Insured Deposits
AFFILIATED MEDIA: Emerges from Chapter 11
AGRIUM INC: Moody's Assigns 'Ba1' Rating on Preferred Shelf

AMERICAN INT'L: Ex-CEO Has $278MM Deal to Sell Shares to UBS
AMERICAN NAT'L: Closed; The National Bank & Trust Assumes Deposits
ANDRE CHREKY INC: Case Summary & 20 Largest Unsecured Creditors
ANGAUR LLC: Case Summary & 20 Largest Unsecured Creditors
ANGIOTECH PHARMA: Dec. 31 Balance Sheet Upside-Down by $313MM

APPALACHIAN COMMUNITY: Community & Southern Bank Assumes Deposits
ASPHALT CONCRETE: Case Summary & 20 Largest Unsecured Creditors
ARAMARK CORP: Bank Debt Trades at 3% Off in Secondary Market
ARIAD PHARMA: Deloitte & Touche Raises Going Concern Doubt
ASARCO LLC: Sues Sterlite Over $2.6 Bil. Purchase Agreement

ATRIUM CORP: Reaches Settlement with Unsecured Creditors
AVETA INC: S&P Affirms Counterparty Credit Ratings at 'B'
BANK OF HIAWASSEE: Closed; Citizens South Bank Assumes Deposits
BEDMINSTER INTERNATIONAL LIMITED: Chapter 15 Case Summary
BIG HEART CITY: Case Summary & 3 Largest Unsecured Creditors

BIOLASE TECHNOLOGY: BDO Seidman Raises Going Concern Doubt
BLOCKBUSTER INC: S&P Cuts Rating to 'CC' on Bankruptcy Warning
BLUEGRASS ABS: Remarketing Agent Change Won't Move Fitch Ratings
BLUEKNIGHT ENERGY: Delays 10-K Filing; Expects $16.5-Mil. Loss
BLUE DOLPHINS: Receives NASDAQ Delisting Notice

BLUE RIDGE MEDICAL: Case Summary & 20 Largest Unsecured Creditors
BLUFFS AT BRUSH: Files for Chapter 11 Bankruptcy in Missouri
BUCYRUS COMMUNITY: Case Summary & 20 Largest Unsecured Creditors
BURLINGTON COAT: Bank Debt Trades at 7% Off in Secondary Market
BVS ENTERPRISES: Case Summary & 3 Largest Unsecured Creditors

C BEAN: Files for Chapter 11, Shuts Down Operations
CANTON COMMERCIAL: Case Summary & 6 Largest Unsecured Creditors
CAPMARK FINANCIAL: Wants to Sell Investments in Mexican Markets
CAPMARK FINANCIAL: Wants to Assign ATM License to Berkadia
CAPMARK FINANCIAL: Proposes Johnson as Salary Consultant

CAPMARK FINANCIAL: Gets OK for Messana as Special Del. Counsel
CARL HENRY DAUGHERTY: Case Summary & 8 Largest Unsecured Creditors
CBD FRANCHISING: Case Summary & 21 Largest Unsecured Creditors
CELL THERAPEUTICS: Seeks Shareholder OK to Issue More Shares
CENTRAL PACIFIC: Fitch Downgrades Issuer Default Rating at 'CC'

CENTURY SECURITY: Closed; Bank of Upson Assumes All Deposits
CHAMPION ENTERPRISES: Investor Group Injects $50MM New Capital
CHIQUITA BRANDS: Moody's Raises Corporate Family Rating to 'B2'
CHRYSLER LLC: New Chrysler Recalls 300 Workers in Indiana
CHRYSLER LLC: Canadian Dealers Keen on U.S. Style Incentives

CITADEL BROADCASTING: Bank Debt Trades at 14% Off
CLOSET WORLD: Case Summary & 20 Largest Unsecured Creditors
COFFEYVILLE RESOURCES: S&P Assigns 'BB-' Ratings on Senior Notes
COLEMAN CABLE: Moody's Affirms Corporate Family Rating at 'B2'
COLEMAN CABLE: S&P Affirms Rating on Senior Notes at 'B'

COLONIAL PROPERTIES: S&P Affirms 'BB+' Corporate Credit Rating
COMMUNITY HEALTH: Bank Debt Trades at 4% Off in Secondary Market
CONGOLEUM CORP: Files 10-K; Posts $15.2 Million Net Loss
CONSTANTINE KERASIOTES: Case Summary & 14 Largest Unsec. Creditors
COUNTRY IMPORTED: Voluntary Chapter 11 Case Summary

CRDENTIA CORP: Case Summary & 20 Largest Unsecured Creditors
CVR ENERGY: Moody's Upgrades Corporate Family Rating to 'B1'
DA-LITE SCREEN: Moody's Assigns 'B1' Rating on $105 Mil. Notes
DA-LITE SCREEN: S&P Affirms 'B' Corporate Credit Rating
DEAN FOODS: Bank Debt Trades at 3% Off in Secondary Market

DEN-6768 LP: Case Summary & 20 Largest Unsecured Creditors
DEVELOPMENT CORP: Case Summary & 20 Largest Unsecured Creditors
DEX MEDIA EAST: Bank Debt Trades at 11% Off in Secondary Market
DEX MEDIA WEST: Bank Debt Trades at 5% Off in Secondary Market
DIAMOND DISTRIBUTION: Case Summary & 20 Largest Unsec. Creditors

DORIT EDEN: Case Summary & 1 Largest Unsecured Creditor
DOT VN: Posts $1.4 Million Net Loss in Q3 Ended January 31
DOWNEY REGIONAL: Defaults Under Healthcare Finance DIP Facility
ENERGYCONNECT GROUP: RBSM LLP Raises Going Concern Doubt
ENVIROSOLUTIONS HOLDINGS: Files Schedules of Assets & Liabilities

ESCOM LLC: Involuntary Chapter 11 Case Summary
ESKIDS LLC: Case Summary & 20 Largest Unsecured Creditors
FELIKS MLYNARCZYK: Case Summary & 20 Largest Unsecured Creditors
FIRST LOWNDES BANK: Closed; First Citizens Bank Assumes Deposits
FLEETWOOD ENTERPRISES: U.S. Trustee Fights Pachulski's $1.5M Bill

FAIRPOINT COMMS: Bank Debt Trades at 20% Off in Secondary Market
FAIRPOINT COMMS: Bar Date for Regulatory Agencies Extended
FAIRPOINT COMMS: Telephone Co. of Vermont's Schedules & Statement
FAIRPOINT COMMS: Keeley Stake Down to 0.001%
FENTURA FINANCIAL: Losses Prompt Going Concern Doubt

FORD MOTOR: Bank Debt Trades at 3% Off in Secondary Market
FREMONT GENERAL: Funds Accused of Vote Manipulation
GENERAL MOTORS: Proposes Plante & Moran as Accountants
GENERAL MOTORS: Court OKs Hilco and Maynard as Sales Agents
GENERAL MOTORS: Great American as Appraiser Approved by Court

GENERAL MOTORS: Trafelet Proposes Stutzman as Counsel
GREATER GERMANTOWN: Voluntary Chapter 11 Case Summary
GRUPO SENDA: Fitch Affirms Issuer Default Ratings at 'B-'
HAGOOD RESERVE: Files for Chapter 11 Bankruptcy in Charlotte
HARI OM Case Summary & 20 Largest Unsecured Creditors

HARMONY PARK: Files Schedules of Assets & Liabilities
HARMONY PARK: Wants to Hire Santen & Hughes as Bankr. Counsel
HAWKER BEECHCRAFT: Bank Debt Trades at 19% Off in Secondary Market
HEALTH MANAGEMENT: Bank Debt Trades at 4% Off in Secondary Market
HERON LAKE BIOENERGY: Earns $2.6 Million in Q1 Ended January 31

HOG BROTHERS RECYCLING: Case Summary & 20 Largest Unsec. Creditors
HOME OWNERSHIP: Moody's Withdraws 'Ba2' Rating on Preferred Stock
HPT DEVELOPMENT: Updated Case Summary with Creditors List
HPT DEVELOPMENT: Section 341(a) Meeting Scheduled for April 13
HPT DEVELOPMENT: Wants Aiken Schenk as Bankruptcy Counsel

HSH DELAWARE: Sees Creditors Being Paid in Full with Interest
INTERNATIONAL LEASE: Fitch Rates $2 Bil. Senior Notes at 'BB'
I/OMAGIC CORP: Simon & Edward Raises Going Concern Doubt
IMPERIAL INDUSTRIES: Posts $5.3 Million Net Loss in 2009
INNOVATIVE CONSULTING: Case Summary & 20 Largest Unsec. Creditors

IPS CORP: S&P Changes Outlook to Stable, Affirms 'B' Rating
ITRON INC: Moody's Affirms Corporate Family Rating at 'B1'
JAYEL CORP: Taps Blair and Brady as Bankruptcy Counsel
JOHN MANEELY: Bank Debt Trades at 5% Off in Secondary Market
KORLEY SEARS: Gets Okay to Close Sale of Property to West Central

KRAMERIA LLC: Case Summary & 1 Largest Unsecured Creditor
LEE ANTHONY ROSSI: Case Summary & 1 Largest Unsecured Creditor
LENOX CONDOMINIUM: Files for Bankruptcy to Seek Loan Extension
LESARRA ATTACHED: Section 341(a) Meeting Scheduled for April 19
LESARRA ATTACHED: Taps Belding Harris as General Bankr. Counsel

LONGVIEW POWER: Moody's Downgrades Ratings on Senior Loan to 'B2'
LOUIS AMBROSE THOMANN: Case Summary & 20 Largest Unsec. Creditors
MAGNA ENTERTAINMENT: CA Racing Board Balks at Disclosure Statement
MAMMOTH HENDERSON: Wants Access to Rents Securing U.S. Bank Loan
MASSEY ENERGY: $960 Mil. Deal Won't Affect Moody's 'B1' Rating

MATERA RIDGE: Section 341(a) Meeting Scheduled for April 12
MEDICOR LTD: Panel Seeks Nod of Settlement with D&Os, Insurers
MERUELO MADDUX: Seeks to Retain Kible Green as Financial Advisor
MESA AIR: Section 341 Creditors' Meeting Adjourned to April 16
MESA AIR: Wants Until March 26 to File Schedules and Statements

MESA AIR: Receives Final Nod for $15-Mil. Letter of Credit
METRO-GOLDWYN-MAYER: Bank Debt Trades at 46% Off
MGM MIRAGE: Moody's Affirms Corporate Family Rating at 'Caa1'
MICHAEL MILES OWENS: Case Summary & 20 Largest Unsecured Creditors
MICHAELS STORES: Bank Debt Trades at 7% Off in Secondary Market

MIDWEST COMMERCIAL: Case Summary & 20 Largest Unsecured Creditors
NAVISTAR INTERNATIONAL: Fitch Corrects Senior Notes Rating to 'B'
NEIMAN MARCUS: Bank Debt Trades at 6% Off in Secondary Market
NEXAIRA WIRELESS: Posts $1.1 Million Net Loss in Q1 Ended Jan. 31
NO GOOD TV: Files for Bankruptcy to Implement Reorganization Plan

NOBLE NURSERY: Case Summary & 20 Largest Unsecured Creditors
NON-INVASIVE MONITORING: Posts $362,000 Loss in Q2 Ended Jan. 31
NORTH AMERICAN: Case Summary & 20 Largest Unsecured Creditors
NORTH BEACHES CASA: Case Summary & 7 Largest Unsecured Creditors
OZBURN HESSEY: Moody's Assigns 'Ba3' Rating on $310 Mil. Loan

OSI RESTAURANT: Bank Debt Trades at 10% Off in Secondary Market
OXIGENE INC: Ernst & Young Raises Going Concern Doubt
PALM INC: Net Loss Narrows to $18.5 Million in Fiscal Q3 2010
PALM INC: Samana, Maverick No Longer Hold Shares
PALM INC: Credit Suisse Holds 1.1% of Common Stock

PALM INC: Artis Capital Holds 0.2% of Common Stock
PERSONALITY HOTELS: Section 341(a) Meeting Scheduled for April 13
PHEASANT RUN: Files Schedules of Assets & Liabilities
PHEASANT RUN: Section 341(a) Meeting Scheduled for April 21
PINNACLE FOODS: Bank Debt Trades at 5% Off in Secondary Market

PONIARD PHARMA: Posts $45.7 Million Net Loss in 2009
QUEST RESOURCE: Files Form 15 to Deregister Unsold Shares
RADIENT PHARMACEUTICALS: St. George Extends Waiver Until May 15
RADLAX GATEWAY: Has Until April 21 to Propose Chapter 11 Plan
RADLAX GATEWAY: Can Access Airport Room Revenues Until April 21

RAYMOND LEE ROSSI: Case Summary & 8 Largest Unsecured Creditors
RBDB INVESTMENTS: Case Summary & 2 Largest Unsecured Creditors
REMINGTON RANCH: Amends List of Largest Unsecured Creditors
REMINGTON RANCH: Files Schedules of Assets and Liabilities
REMINGTON RANCH: Has Access to James Pippin Cash Until March 26

REMINGTON RANCH: Has Until May 21 to Propose Reorganization Plan
RIM DEVELOPMENT: Files Amended Schedules of Assets and Liabilities
RIM DEVELOPMENT: Has Access to Lenders' Cash Until April 8
RONALD PARKHURST: Case Summary & 2 Largest Unsecured Creditors
ROTHSTEIN ROSENFELDT: Bankr. Court Won't Hear 3rd Party Claims

RUBICON US: Delaware Court Terminates Exclusive Plan Filing
RUFFIN ROAD OFFICE: Case Summary & 1 Largest Unsecured Creditor
SAGAMORE FUND 1 LLC: Voluntary Chapter 11 Case Summary
SAND TECHNOLOGY: Posts C$27,951 Net Loss in Q2 Ended January 31
SENTINEL MANAGEMENT: 7th Circ. Puts Trustee Back On BoNY Warpath

SEQUA CORP: Bank Debt Trades at 7% Off in Secondary Market
SILVER BOWL RV: Case Summary & 20 Largest Unsecured Creditors
SINCLAIR BROADCAST: Dec. 31 Balance Sheet Upside-Down by $202MM
SONRISA PROPERTIES: Amends Schedules of Assets and Liabilities
SONRISA PROPERTIES: U.S. Trustee Unable to Form Creditors Panel

SOUTHWEST GUARANTY: Voluntary Chapter 11 Case Summary
SPANSION INC: Samsung Dealt Blow ITC Flash Patent Fight
SPIRIT FINANCE: Bank Debt Trades at 23% Off in Secondary Market
STAAR SURGICAL: 10-K Filing Delayed due to Domilens Divestiture
STATE BANK OF AURORA: Closed; Northern State Bank Assumes Deposits

STEPHEN RIGGS: Can Hire Jennis & Bowen as Bankruptcy Counsel
STERLING FINANCIAL: BDO Seidman Raises Going Concern Doubt
STERLING FINANCIAL: Fitch Downgrades Issuer Default Rating to 'C'
STEVE AND BARRY'S: Stone Barn Inches Toward Liquidation
STEVEN CARTER ROSS: Case Summary & 19 Largest Unsecured Creditors

STOCKHAM INTEREST: Files for Chapter 11 Bankruptcy in New Jersey
SUPERCONDUCTOR TECH: Significant Losses Prompt Going Concern Doubt
SUPERIOR NATIONAL: 9th Circ. Rejects En Banc Bid in $450M Case
SUPERVALU INC: Bank Debt Trades at 1% Off in Secondary Market
TAMARACK RESORT: To Be Liquidated in Chapter 7

TELANETIX INC: Posts $8.1MM Loss in 2009; Going Concern Removed
THINKFILM LLC: Involuntary Chapter 11 Case Summary
TPC GROUP: Moody's Affirms Corporate Family Rating at 'B1'
TRIAD GUARANTY: Ernst & Young Raises Going Concern Doubt
TRIBUNE CO: Trustee Blasts Tribune's Bonus Scheme

TRICO MARINE: PwC Raises Going Concern Doubt
TRUMP ENTERTAINMENT: Posts $699.8 Million Net Loss in 2009
UNITED AIR LINES: Bank Debt Trades at 15% Off in Secondary Market
US FOODSERVICE: Bank Debt Trades at 12% Off in Secondary Market
VAUGHAN FOODS: Securities to be Delisted from NasdaqCM on March 24

VERECLOUD INC: Amends Q2 Ended January 31; Posts $189,724 Net Loss
VERENIUM CORP: Receives Going Concern Qualification from Auditor
VIEWCREST INVESTMENTS: Case Summary & 1 Largest Unsec. Creditor
VIKING PROPERTIES: Case Summary & 4 Largest Unsecured Creditors
VINCENT PAUL ROSSI: Case Summary & 5 Largest Unsecured Creditors

VISTEON CORP: Bank Debt Trades at 112.8% in Secondary Market
VITESSE SEMICONDUCTOR: Lake Union Holds 5.0% of Common Stock
WASHINGTON MUTUAL: Proposes Benefit Plan Settlements
WASHINGTON MUTUAL: Equity Panel Proposes Delaware Counsel
WASHINGTON MUTUAL: Wants $2.5-Bil. Mortgage Loan Claim Disallowed

WAVE SYSTEMS: Posts $3.3 Million Net Loss in 2009
WEBDIGS INC: Posts $319,668 Net Loss in Q1 Ended January 31
WESTERN REFINING: Bank Debt Trades at 6% Off in Secondary Market
WHOLESALE PROPERTIES: Sec. 341(a) Meeting Scheduled for April 12
WHOLESALE PROPERTIES: Taps Griffith Jay as Bankruptcy Counsel

YANKEE CANDLE: Bank Debt Trades at 3% Off in Secondary Market
YRC WORLDWIDE: Reports Improving First Quarter Shipment Trends

* 2010 Bank Failures Now 37 after Advanta, 6 Others Closed
* Junk Bonds Selling at Briskest Pace Since 2007

* Senate Eyes Expanded Ch. 12 for Small Businesses

* BOND PRICING -- For the Week From March 15 to 19, 2010


                            *********


1201 ERNSTON ROAD: Case Summary & 8 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: 1201 Ernston Road Realty Corp.
        1201 Ernston Road
        South Amboy, NJ 08879

Bankruptcy Case No.: 10-17934

Chapter 11 Petition Date: March 18, 2010

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

Debtor's Counsel: Anthony Sodono, III, Esq.
                  Trenk, DiPasquale, et al.
                  347 Mt. Pleasant Avenue, Suite 300
                  West Orange, NJ 07052
                  Tel: (973) 243-8600
                  Fax: (973) 243-8600
                  Email: asodono@trenklawfirm.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
8 largest unsecured creditors, is available for free at:

            http://bankrupt.com/misc/njb10-17934.pdf

The petition was signed by Ana Orisini, sole shareholder of the
Company.


1974 REALTY ASSOCIATES: Case Summary & 5 Largest Unsec. Creditors
-----------------------------------------------------------------
Debtor: 1974 Realty Associates
        58-47 Francis Lewis Blvd.
        Oakland Gardens, NY 11364

Bankruptcy Case No.: 10-11417

Chapter 11 Petition Date: March 18, 2010

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Debtor's Counsel: Mark A. Frankel, Esq.
                  Backenroth Frankel & Krinsky, LLP
                  489 Fifth Avenue
                  New York, NY 10017
                  Tel: (212) 593-1100
                  Fax: (212) 644-0544
                  Email: mfrankel@bfklaw.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
5 largest unsecured creditors, is available for free at:

            http://bankrupt.com/misc/nysb10-11417.pdf

The petition was signed by James Robinson.


199 BOWERY REST: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: 199 Bowery Rest. Group LLC
        199 Bowery
        New York, NY 10002

Bankruptcy Case No.: 10-11378

Chapter 11 Petition Date: March 17, 2010

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Judge: Allan L. Gropper

Debtor's Counsel: Gabriel Del Virginia, Esq.
                  Law Offices of Gabriel Del Virginia
                  488 Madison Avenue, 19th Floor
                  New York, NY 10022
                  Tel: (212) 371-5478
                  Fax: (212) 371-0460
                  Email: gabriel.delvirginia@verizon.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/nysb10-11378.pdf

The petition was signed by Nancy Brady, managing member of the
Company.


2665 GENEVA LLC: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor:  2665 GENEVA, LLC
         PO Box 590176
         San Francisco, CA 94159

Bankruptcy Case No.: 10-30951

Type of Business:

Chapter 11 Petition Date: March 18, 2010

Court: United States Bankruptcy Court
       Northern District of California (San Francisco)

Debtor's Counsel: Jay T. Jambeck, Esq.
                  The Schinner Law Group
                  96 Jessie St.
                  San Francisco, CA 94105
                  Tel: (415) 369-9050
                  Email: jambeck@schinner.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.


ACCELR8 TECHNOLOGY: Posts $383,122 Net Loss in Q2 Ended Jan. 31
---------------------------------------------------------------
Accelr8 Technology Corporation filed its quarterly report on Form
10-Q, showing a net loss of $383,122 on $49,995 of revenue for the
three months ended January 31, 2010, compared with a net loss of
$154,330 on $364,493 of revenue for the same period ended
January 31, 2009.

The Company's balance sheet as of January 31, 2010, showed
$4.5 million in assets, $1.4 million of debts, and $3.1 million of
stockholders' equity.

The Company has incurred significant operating losses. As of
January 31, 2010, the Company has limited financial resources and
has not been able to generate positive cash flow from operations.
At January 31, 2010, as compared to July 31, 2009, cash and cash
equivalents decreased by $753,215 from $862,076 to $108,861, or
roughly 87.3%, and the Company's working capital decreased
$708,545 or 90.2% from $785,114 to $76,569.  "These factors raise
substantial doubt about our ability to continue as a going
concern."

A full-text copy of the quarterly report is available for free at:

                   http://researcharchives.com/t/s?5b52

Based in Denver, Colo., Accelr8 Technology Corporation (Amex: AXK)
-- http://www.accelr8.com/-- develops and commercializes an
integrated system to identify bacteria and their mechanisms of
antibiotic resistance in critically ill patients.  The Company
develops materials and instrumentation for applications in medical
diagnostics, basic research, drug discovery, and bio-detection in
the United States.


ACORN: Teeters on Bankruptcy Amid Funding Loss, Mismanagement
-------------------------------------------------------------
Officials of The Association of Community Organizations for Reform
Now said the community organizing group is on the verge of filing
for bankruptcy, Huffington Post reports.  According to the report,
ACORN has been hit politically from the right and suffering from
mismanagement along with a severe loss of government and other
funds.

The report relates that Bertha Lewis, ACORN's chief executive,
blamed "relentless, well-funded right-wing attacks" reminiscent of
the McCarthy era.

Over the last six months, at least 15 of the group's 30 state
chapters have disbanded and have no plans of re-forming, Acorn
officials said.

ACORN is a collection of community-based organizations in the
United States that advocate for low- and moderate-income families
by working on neighborhood safety, voter registration, health
care, affordable housing, and other social issues.  ACORN has over
400,000 members and more than 1,200 neighborhood chapters in over
100 cities across the U.S., as well as in Argentina, Canada,
Mexico, and Peru.  ACORN was founded in 1970 by Wade Rathke and
Gary Delgado.  Maude Hurd has been National President since 1990;
Bertha Lewis was appointed CEO in 2008.


ADEGBOYEGA ADESOKAN: Case Summary & 17 Largest Unsecured Creditors
------------------------------------------------------------------
Joint Debtors: Adegboyega Adesokan
               Adeyemi Adesokan
               3502 Estates Lane
               Smyrna, GA 30080

Bankruptcy Case No.: 10-68092

Chapter 11 Petition Date: March 19, 2010

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

Debtors' Counsel: Sims W. Gordon, Jr., Esq.
                  The Gordon Law Firm PC
                  Suite 700, 210 Interstate North Parkway, SE
                  Atlanta, GA 30339-2234
                  Tel: (770) 955-5000
                  Fax: (770) 955-5010
                  Email: atllaw06@gordonlawpc.com

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

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

According to the schedules, the Company has assets of $1,076,911
and total debts of $1,599,390.

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

            http://bankrupt.com/misc/ganb10-68092.pdf

The petition was signed by the Joint Debtors.


ADVANTA BANK: Closed; FDIC Pays Out Insured Deposits
----------------------------------------------------
The Federal Deposit Insurance Corp. approved the payout of the
insured deposits of Advanta Bank Corp. in Draper, Utah.  The bank
was closed March 19 by the Utah Department of Financial
Institutions, which appointed the FDIC as receiver.

The FDIC was unable to find another financial institution to take
over the banking operations of Advanta Bank Corp.  As a result,
checks to depositors for their insured funds will be mailed on
Monday, March 22.  Brokered deposits will be wired once brokers
provide the FDIC with the necessary documents to determine if any
of their clients exceed the insurance limits.  Customers who
placed deposits with brokers should contact the brokers directly
for more information about the status of their funds.

As of December 31, 2009, Advanta Bank Corp. had around
$1.6 billion in total assets and $1.5 billion in total deposits.
At the time of closing, the bank had an estimated $247,000 in
uninsured funds.  This amount is an estimate that is likely to
change once the FDIC obtains additional information from the
bank's customers.

Customers who have questions about the transaction can call the
FDIC toll-free at 1-800-537-4048.  Customers with accounts in
excess of $250,000 also should contact the toll-free number to set
up a telephone appointment to discuss their deposits.  Interested
parties also can visit the FDIC's Web site at:

    http://www.fdic.gov/bank/individual/failed/advanta-ut.html

Beginning March 22, customers of Advanta Bank Corp. with deposits
exceeding $250,000 at the bank may visit the FDIC's Web page "Is
My Account Fully Insured?" at:

            https://www2.fdic.gov/drrip/afi/index.asp

Advanta Bank Corp. is the 33rd FDIC-insured institution to fail
this year and the third in Utah since Centennial Bank, Ogden, was
closed on March 5, 2010.  The FDIC estimates the cost of the
failure to its Deposit Insurance Fund to be around $635.6 million.


AFFILIATED MEDIA: Emerges from Chapter 11
-----------------------------------------
Affiliated Media, Inc., has successfully emerged from chapter 11
protection.

Affiliated Media, Inc., is the holding company for the MediaNews
Group family of newspapers, the nation's second-largest newspaper
publisher by circulation and owner of 54 daily newspapers, over
100 non-daily newspapers, as well as Web sites, television and
radio broadcasters that serve markets in 12 states.

As previously reported, the Hon. Kevin J. Carey of U.S. Bankruptcy
Court for the District of Delaware confirmed the company's plan
for reorganization on March 4, 2010, less than six weeks after the
company filed for protection, on January 22, 2010.  Prior to
filing, the company had already reached agreement with its lenders
on terms of the plan, which reduces the company's debt from
approximately $930 million to approximately $165 million and
involves no management change or change of control of the company.

                     About Affiliated Media

Denver, Colorado-based Affiliated Media, Inc., aka MediaNews
Group, Inc., is the holding company of MediaNews Group Inc., which
owns 54 daily newspapers including the Denver Post and the San
Jose Mercury News, along with television and radio broadcasters.

The Company filed for Chapter 11 bankruptcy protection on
January 22, 2010 (Bankr. D. Delaware Case No. 10-10202).

Hughes Hubbard & Reed LLP is the Debtor's general bankruptcy
counsel, while Daniel B. Butz, Esq., at Morris, Nichols, Arsht &
Tunnell LLP, is the Debtor's co-bankruptcy counsel.  Wilkinson
Barker Knauer, LLP, is the Debtor's special FCC counsel.  Carl
Marks Advisory Group LLC is the Debtor's restructuring advisor.
Rothschild Inc. is the Debtor's financial advisor.  Epiq
Bankruptcy Solutions, LLC, is the Debtor's claims agent.  Sitrick
and Company Inc. is the Debtor's communications consultant.

The Company listed $100,000,001 to $500,000,000 in assets and
$500,000,001 to $1,000,000,000 in liabilities.


AGRIUM INC: Moody's Assigns 'Ba1' Rating on Preferred Shelf
-----------------------------------------------------------
Moody's Investors Service confirmed Agrium Inc.'s Baa2 ratings
with a stable outlook and assigned prospective ratings on a shelf
filing.  This concludes the review of Agrium that was initiated
February 25, 2009.  The review was prompted by the announcement
that Agrium had made an unsolicited offer for CF Industries
Holdings, Inc. (CF -- unrated).  Agrium management announced on
March 11, 2010 that it would no longer pursue an acquisition of CF
or the election of its nominees to the CF board of directors and
will allow its offer to expire on March 22, 2010.

These factors were considered by Moody's in reaching its decision
to confirm Agrium's (Baa2 senior unsecured) ratings.  Absent the
challenges of a significant debt (and equity) financed
acquisition, Agrium's diverse business mix and credit metrics
comfortably support the Baa2 rating.  Moreover, Moody's expects
that management will maintain its historically conservative
financial policies and investment discipline.  Moody's favorably
views the company's selling price advantage in the Pacific
Northwest relative to the majority of North American nitrogen
producers.  Agrium's retail business ($6.2 billion in revenues in
2009) provides a more stable flow of cash than the wholesale
fertilizer business albeit at lower margins.

The confirmation is driven by four additional considerations:
1) the prospect of strong near term fertilizer supply/demand
fundamentals and strong results from retail operations that
generate robust credit metrics; 2) the prudent growth initiatives,
both organic and through acquisition, and the track record of
managing this growth in a manner supporting the Baa2 ratings;
3) management's willingness not to over pay for acquisition
related growth; and 4) past history of active reduction of debt,
after periods of extraordinary growth.  Agrium's management
successfully reduced debt by almost 28% from the end of June 2008
to the end of December 2009 to a book balance of $1.8 billion from
$2.5 billion.  Further bolstering Agrium's credit profile is a
cash and marketable security balance of $1 billion at the end of
2009.

The rating outlook is stable in light of robust industry
conditions and anticipated positive free cash flow generation.
Moody's believe that Agrium will maintain its historically
conservative financial policies and investment discipline.
Moody's expects management to lower its debt position following
sizeable debt financed acquisitions.

Confirmations

Issuer: Agrium Inc.

  -- Senior Unsecured Shelf, Baa2
  -- Senior unsecured notes and debentures at Baa2;

Assignment

  -- Shelf ratings for Senior secured (P) Baa2 and Preferred (P)
     Ba1

Moody's most recent announcement concerning the ratings for Agrium
was on February 25, 2009.  The ratings were placed under review
for possible downgrade.  The review was prompted by the
announcement that Agrium had made an unsolicited offer for CF.

Agrium Inc., headquartered in Calgary, Alberta, Canada, is a
leading global producer and marketer of agricultural nutrients and
industrial products and a major retail supplier of agricultural
products and services in both North and South America.  Agrium
produces and markets three primary groups of nutrients: nitrogen,
phosphate and potash as well as controlled release fertilizers and
micronutrients.  Agrium reported net sales of US$9.1 billion for
the last 12 months ending December 31, 2009.


AMERICAN INT'L: Ex-CEO Has $278MM Deal to Sell Shares to UBS
------------------------------------------------------------
Former American International Group chairman and CEO Maurice R.
"Hank" Greenberg's Starr International Company on March 17, 2010,
entered into a final agreement for the variable pre-paid forward
sale of up to 10,000,000 shares of AIG common stock pursuant to
four stock purchase agreements each with respect to 2,500,000
shares of Common Stock, by and between Starr International and UBS
Securities LLC; and four pledge agreements, each with respect to
2,500,000 shares of Common Stock, among Starr International, UBS
and UBS AG, Stamford Branch, as collateral agent, each dated as of
March 15, 2010.

Starr International will receive aggregate proceeds of
$278,150,032.61 under the VPF Transaction.

The final terms of the VPF Transaction, including the Base Amount
of shares deliverable by Starr International upon settlement, were
determined in unsolicited brokerage transactions by UBS -- or its
affiliate -- over a specified execution period beginning on
March 15, 2010, in accordance with the Securities and Exchange
Commission's interpretative letter to Goldman, Sachs & Co., dated
December 20, 1999.

The VPF Transaction provides that on the third Business Day (as
defined in the VPF Contracts) after each of the 34.5-month, 35.5-
month, 36.5-month and 37.5-month anniversaries of March 17, 2010,
Starr International will deliver a number of shares of Common
Stock to UBS (or, at the election of Starr International, the cash
equivalent of such shares) equal to the product of one-quarter of
the Base Amount and a ratio -- Settlement Ratio -- determined as
follows: (a) if the daily volume weighted average price per share
of the Common Stock over the 5 Business Day period ending on, and
including, the date three Business Days before the corresponding
Settlement Date -- Settlement Price -- is less than or equal to
$31.2216 -- Floor Level -- the Settlement Ratio shall be 1; (b) if
the Settlement Price is greater than the Floor Level but less than
or equal to $46.8324 per share -- Cap Level -- the Settlement
Ratio shall be the Floor Level divided by the Settlement Price;
and (c) if the Settlement Price is greater than the Cap Level, the
Settlement Ratio shall be the quotient of (i) the sum of the Floor
Level and the excess of the Settlement Price over the Cap Level,
divided by (ii) the Settlement Price.

Starr, et al., may from time to time enter into privately
negotiated derivative transactions to hedge the market risk of
some or all of their positions in the Common Stock.

Starr disclosed that as of March 17, 2010, it may be deemed to
beneficially own 13,979,470 or roughly 10.4% of AIG Shares.

                             About AIG

Based in New York, American International Group, Inc., is the
leading international insurance organization with operation in
more than 130 countries and jurisdictions.  AIG companies serve
commercial, institutional and individual customers through the
most extensive worldwide property-casualty and life insurance
networks of any insurer.  In addition, AIG companies are leading
providers of retirement services, financial services and asset
management around the world.  AIG's common stock is listed on the
New York Stock Exchange, as well as the stock exchanges in Ireland
and Tokyo.

In September 2008, AIG experienced a liquidity crunch when its
credit ratings were downgraded below "AA" levels by Standard &
Poor's, Moody's Investors Service and Fitch Ratings.  On
September 16, 2008, the Federal Reserve Bank created an
$85 billion credit facility to enable AIG to meet increased
collateral obligations consequent to the ratings downgrade, in
exchange for the issuance of a stock warrant to the Fed for 79.9%
of the equity of AIG.  The credit facility was eventually
increased to as much as $182.5 billion.

AIG has sold a number of its subsidiaries and other assets to pay
down loans received from the U.S. government, and continues to
seek buyers of its assets.


AMERICAN NAT'L: Closed; The National Bank & Trust Assumes Deposits
------------------------------------------------------------------
American National Bank, Parma, Ohio, was closed March 19 by the
Office of the Comptroller of the Currency, which appointed the
Federal Deposit Insurance Corporation as receiver.  To protect the
depositors, the FDIC entered into a purchase and assumption
agreement with The National Bank and Trust Company, Wilmington,
Ohio, to assume all of the deposits of American National Bank.

The sole branch of American National Bank will reopen on Monday,
March 22 as a branch of The National Bank and Trust Company.
Depositors of American National Bank will automatically become
depositors of The National Bank and Trust Company.  Deposits will
continue to be insured by the FDIC, so there is no need for
customers to change their banking relationship to retain their
deposit insurance coverage.  Customers should continue to use
their existing branch until they receive notice from The National
Bank and Trust Company that it has completed systems changes to
allow other The National Bank and Trust Company branches to
process their accounts as well.

As of December 31, 2009, American National Bank had around
$70.3 million in total assets and $66.8 million in total deposits.
The National Bank and Trust Company did not pay the FDIC a premium
for the deposits of American National Bank.  In addition to
assuming all of the deposits of the failed bank, The National Bank
and Trust Company agreed to purchase essentially all of the
assets.

The FDIC and The National Bank and Trust Company entered into a
loss-share transaction on $49.8 million of American National
Bank's assets.  The National Bank and Trust Company will share in
the losses on the asset pools covered under the loss-share
agreement.  The loss-share transaction is projected to maximize
returns on the assets covered by keeping them in the private
sector.  The transaction also is expected to minimize disruptions
for loan customers.  For more information on loss share, visit:

http://www.fdic.gov/bank/individual/failed/lossshare/index.html

Customers who have questions about the transaction can call the
FDIC toll-free at 1-800-823-3215.  Interested parties also can
visit the FDIC's Web site at:

  http://www.fdic.gov/bank/individual/failed/amer-natl-oh.html

The FDIC estimates that the cost to the Deposit Insurance Fund
will be $17.1 million.  The National Bank and Trust Company's
acquisition of all the deposits was the "least costly" resolution
for the FDIC's DIF compared to all alternatives.  American
National Bank is the 31st FDIC-insured institution to fail in the
nation this year, and the first in Ohio.  The last FDIC-insured
institution closed in the state was AmTrust Bank, Cleveland, on
December 4, 2009.


ANDRE CHREKY INC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Andre Chreky, Inc.
        1604 K Street, N.W.
        Washington, DC 20006

Bankruptcy Case No.: 10-00267

Chapter 11 Petition Date: March 19, 2010

Court: United States Bankruptcy Court
       United States Bankruptcy Court for the District of Columbia
       (Washington, D.C.)

Debtor's Counsel: Richard Edwin Lear, Esq.
                  Holland & Knight LLP
                  2099 Pennsylvania Avenue NW, Suite 100
                  Washington, DC 20006
                  Tel: (202) 457-7049
                  Email: richard.lear@hklaw.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/dcb10-00267.pdf

The petition was signed by Serena Chreky, vice president of the
company.

Debtor-affiliate that filed separate Chapter 11 petition:
                                                    Petition
Debtor                                Case No.      Date
------                                --------      ----
Andre Chreky                           10-00268      3/19/10
   Assets: $1 million to $10 million
   Debts:  $1 million to $10 million


ANGAUR LLC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: ANGAUR, LLC
        6530 S Decatur Blvd
        Las VegaS, NV 89118-1220

Bankruptcy Case No.: 10-14331

Chapter 11 Petition Date: March 17, 2010

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

Judge: Mike K. Nakagawa

Debtor's Counsel: Craig S. Dunlap, Esq.
                  Fennemore Craig, P.C.
                  300 S. Fourth Street #1400
                  Las Vegas, NV 89101
                  Tel: (702) 692-8000
                  Email: cdunlap@fclaw.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/nvb10-14331.pdf

The petition was signed by Gaurang Parikh, manager of the company.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                    Petition
Debtor                                Case No.      Date
------                                --------      ----
Balaji Properties Investment, LLC      10-14336     3/17/10
  Assets: $1 million to $10 million
  Debts:  $1 million to $10 million


ANGIOTECH PHARMA: Dec. 31 Balance Sheet Upside-Down by $313MM
-------------------------------------------------------------
Angiotech Pharmaceuticals, Inc., has filed with the Securities and
Exchange Commission its annual report on Form 10-K for the year
ended December 31, 2009.

At December 31, 2009, the Company had total assets of $370,059,000
against total current liabilities of $63,186,000 and total non-
current liabilities of $620,160,000, resulting in shareholders'
deficit of $313,287,000.

The Company posted net losses for the past three years, reporting
a net loss of $22,868,000 for 2009, a net loss of $741,176,000 for
2008 and a net loss of $65,940,000 for 2007.

A full-text copy of Angiotech's annual report is available at no
charge at http://ResearchArchives.com/t/s?5a62

Vancouver, Canada-based Angiotech Pharmaceuticals, Inc. (NASDAQ:
ANPI, TSX: ANP) -- http://www.angiotech.com/-- is a global
specialty pharmaceutical and medical device company.  Angiotech
discovers, develops and markets innovative treatment solutions for
diseases or complications associated with medical device implants,
surgical interventions and acute injury.

Angiotech Pharmaceuticals carries 'CCC' corporate credit ratings
from Standard & Poor's.


APPALACHIAN COMMUNITY: Community & Southern Bank Assumes Deposits
-----------------------------------------------------------------
Appalachian Community Bank, Ellijay, Georgia, was closed March 19
by the Georgia Department of Banking and Finance, which appointed
the Federal Deposit Insurance Corporation as receiver.  To protect
the depositors, the FDIC entered into a purchase and assumption
agreement with Community & Southern Bank, Carrollton, Georgia, to
assume all of the deposits of Appalachian Community Bank.

The ten branches of Appalachian Community Bank reopened on
Saturday as branches of Community & Southern Bank.  This
transaction also includes all of Appalachian Community Bank's
branches that operated under the trade name of Gilmer County Bank.

The closure does not involve Appalachian Community Bank F.S.B.,
McCaysville, Georgia, or any of its branch locations.  Appalachian
Community Bank F.S.B., McCaysville will continue to operate as
usual.

Depositors of Appalachian Community Bank will automatically become
depositors of Community & Southern Bank.  Deposits will continue
to be insured by the FDIC, so there is no need for customers to
change their banking relationship to retain their deposit
insurance coverage.  Customers should continue to use their
existing branch until they receive notice from Community &
Southern Bank that it has completed systems changes to allow other
Community & Southern Bank branches to process their accounts as
well.

As of December 31, 2009, Appalachian Community Bank had around
$1.01 billion in total assets and $917.6 million in total
deposits.  Community & Southern Bank will pay the FDIC a premium
of one percent to assume all of the deposits of Appalachian
Community Bank.  In addition to assuming all of the deposits of
the failed bank, Community & Southern Bank agreed to purchase
essentially all of the assets.

The FDIC and Community & Southern Bank entered into a loss-share
transaction on $798.6 million of Appalachian Community Bank's
assets. Community & Southern Bank will share in the losses on the
asset pools covered under the loss-share agreement.  The loss-
share transaction is projected to maximize returns on the assets
covered by keeping them in the private sector.  The transaction
also is expected to minimize disruptions for loan customers.  For
more information on loss share, visit:

http://www.fdic.gov/bank/individual/failed/lossshare/index.html

Customers who have questions about the transaction can call the
FDIC toll-free at 1-800-894-1696.  Interested parties also can
visit the FDIC's Web site at:

  http://www.fdic.gov/bank/individual/failed/appalachian.html

The FDIC estimates that the cost to the Deposit Insurance Fund
will be $419.3 million. Community & Southern Bank's acquisition of
all the deposits was the "least costly" resolution for the FDIC's
DIF compared to all alternatives.  Appalachian Community Bank is
the 34th FDIC-insured institution to fail in the nation this year,
and the fourth in Georgia.  The last FDIC-insured institution
closed in the state was Century Security Bank, Duluth, earlier on
Friday, March 19.


ASPHALT CONCRETE: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Asphalt Concrete Recycling Center, LLC
        65 Newman Lane
        Mound House, NV 89706

Bankruptcy Case No.: 10-50910

Chapter 11 Petition Date: March 19, 2010

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

According to the schedules, the Company has assets of $2,004,530,
and total debts of $3,174,576.

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/nvb10-50910.pdf

The petition was signed by Scott Freidus, managing member of the
Company.


ARAMARK CORP: Bank Debt Trades at 3% Off in Secondary Market
------------------------------------------------------------
Participations in a syndicated loan under which ARAMARK Corp. is a
borrower traded in the secondary market at 97.09 cents-on-the-
dollar during the week ended Friday, March 19, 2010, according to
data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents an increase of 0.91 percentage
points from the previous week, The Journal relates.  The Company
pays 188 basis points above LIBOR to borrow under the facility.
The bank loan matures on Jan. 26, 2014, and carries Moody's Ba3
rating and Standard & Poor's BB rating.  The debt is one of the
biggest gainers and losers among 195 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday.

ARAMARK Corp. -- http://www.aramark.com/-- is the world's #3
contract foodservice provider (behind Compass Group and Sodexo)
and the #2 uniform supplier (behind Cintas) in the US.  It offers
corporate dining services and operates concessions at many sports
arenas and other entertainment venues, while its ARAMARK
Refreshment Services unit is a leading provider of vending and
beverage services.  The Company also provides facilities
management services.  Through ARAMARK Uniform and Career Apparel,
the company supplies uniforms for healthcare, public safety, and
technology workers.  Founded in 1959, ARAMARK is owned by an
investment group led by chairman and CEO Joseph Neubauer.

ARAMARK Corp. carries a 'B1' long term corporate family rating
from Moody's, a 'B+' long term issuer credit ratings from Standard
& Poor's, and a 'B' long term issuer default rating from Fitch.


ARIAD PHARMA: Deloitte & Touche Raises Going Concern Doubt
----------------------------------------------------------
On March 16, 2010, ARIAD Pharmaceuticals, Inc., filed its annual
report on Form 10-K for the year ended December 31, 2009.

Deloitte & Touche LLP, in Boston, expressed substantial doubt
about the Company's ability to continue as a going concern.  The
independent auditors noted that of the Company's recurring losses
from operations and negative operating cash flows.

The Company reported a net loss of $80.0 million on $8.3 million
of revenue for the year ended December 31, 2009, compared with a
net loss of $71.1 million on $7.1 million of revenue for 2008.

The Company's balance sheet as of Dec. 31, 2009, showed
$65.0 million in assets and $154.0 million of debts, for a
stockholders' deficit of $89.0 million.

A full-text copy of the annual report is available for free at:

               http://researcharchives.com/t/s?5ad9

Cambridge, Mass.-based ARIAD Pharmaceuticals, Inc., focuses on
novel, molecularly targeted therapies to treat solid tumors and
hematologic cancers, as well as the spread of primary tumors to
distant sites.  The Company's lead cancer product candidate,
ridaforolimus, is an internally discovered, potent inhibitor of
the protein mTOR.  Blocking mTOR creates a starvation-like effect
in cancer cells by interfering with cell growth, division,
metabolism and angiogenesis.


ASARCO LLC: Sues Sterlite Over $2.6 Bil. Purchase Agreement
-----------------------------------------------------------
Bankruptcy Law360 reports that Asarco LLC has accused Sterlite
Inc. of violating a May 2008 purchase and sale agreement when it
aborted a bid to buy the then-bankrupt mining company for
$2.6 billion and to assume millions of dollars in its contractual
obligations and liabilities.

Based in Tucson, Arizona, ASARCO LLC -- http://www.asarco.com/--
is an integrated copper mining, smelting and refining company.
Grupo Mexico S.A. de C.V. is ASARCO's ultimate parent.

ASARCO LLC filed for Chapter 11 protection on August 9, 2005
(Bankr. S.D. Tex. Case No. 05-21207).  Attorneys at Baker Botts
L.L.P., and Jordan, Hyden, Womble & Culbreth, P.C., represented
the Debtor in its restructuring efforts.

On December 9, 2009, Grupo Mexico, S.A.B. consummated the Chapter
11 plan that it sponsored for Asarco LLC.  The Plan, which was
confirmed both by the bankruptcy and district courts, reintegrated
Asarco LLC back to parent Grupo Mexico concluding the four-year
Chapter 11 proceeding.

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


ATRIUM CORP: Reaches Settlement with Unsecured Creditors
--------------------------------------------------------
Atrium Companies Inc. disclosed that the United States Bankruptcy
Court for the District of Delaware has granted approval of the
Company's Disclosure Statement and has authorized the Company to
begin soliciting votes with respect to its Plan of Reorganization
from the requisite creditor groups.  A hearing at which the Court
will be asked to confirm Atrium's Plan of Reorganization has been
scheduled for April 28, 2010.

Importantly, the Plan of Reorganization, as modified, incorporates
a global settlement among the Company, the secured lenders and the
statutory committee of unsecured creditors appointed in the
Company's Chapter 11 cases.  The settlement resolves all of the
Creditors' Committee's potential objections to the Plan.

"The Court's ruling marks a major milestone as we move closer to
successfully completing our debt restructuring," said Gregory T.
Faherty, President and Chief Executive Officer of Atrium.  "Upon
completion of the restructuring, Atrium will have a substantially
stronger balance sheet with far less debt.  We are excited about
the opportunities ahead and remain focused on providing our
customers with the outstanding quality, value and service they
associate with Atrium."

The Court also granted final approval for Atrium to access its
$40 million Debtor-in-Possession (DIP) financing.  On January 21,
2010, the Court issued interim approval for Atrium to access this
facility.

As previously announced, on January 20, 2010, Atrium reported that
it had reached an agreement with more than two-thirds of its
senior secured lenders on an agreement to support a "pre-
negotiated" restructuring of its balance sheet to reduce the
Company's outstanding debt by more than $350 million, or more than
50 percent of its existing debt.  To implement the balance sheet
restructuring, the Company filed voluntary Chapter 11 petitions
with the United States Bankruptcy Court in Wilmington, Delaware,
and the Company's Canadian subsidiary initiated reorganization
proceedings under the Companies' Creditors Arrangement Act (CCAA)
in the Ontario Superior Court of Justice in Toronto.

The Plan of Reorganization, as amended, contemplates an equity
investment from Kenner and Company and Golden Gate Capital in
return for the equity of the reorganized Company, as well as a
refinancing of the senior secured debt.  The Company and its
creditor groups have received a similar proposal from Griffon
Corporation, a strategic investor.  To the extent the Kenner
investment or any other comparable new equity investment is not
completed under the terms set forth in the amended Plan, the Plan
contemplates that the senior secured lenders' claims will be
satisfied through the issuance of new secured loans and conversion
of existing debt to equity in the reorganized Company.  The Plan
provides for Atrium's current management team to remain in place
under either scenario.

The main case number is 10-10150 (BLS).  The case is pending
before the Honorable Brendan Linehan Shannon in the United States
Bankruptcy Court for the District of Delaware.

                           About Atrium

Headquartered in Dallas, Texas, Atrium Corporation --
http://www.atrium.com/-- is a manufacturer and supplier of
residential windows and doors in North America.  The Company has
5,100 employees and 63 manufacturing facilities and distribution
centers in 21 U.S. states, Canada and Mexico.

Atrium Corporation and various affiliates filed for Chapter 11
bankruptcy protection on January 20, 2010 (Bankr. D. Del. Case No.
10-10150).  The Company's Canadian subsidiary also initiated
reorganization proceedings under the Companies' Creditors
Arrangement Act (CCAA) in the Ontario Superior Court of Justice in
Toronto.

Richard M. Cieri, Esq.; Joshua A. Sussberg, Esq.; and Brian E.
Schartz, Esq., at Kirkland & Ellis LLP, and Dominic E.
Pacitti, Esq.; and Michael W. Yurkewicz, Esq., at Klehr Harrison
Harvey Branzburg LLP, assist the U.S. Debtors in their
restructuring efforts.  Deloitte Financial Advisory Services LLP
is the Debtors' financial advisor.  Moelis & Company is the
Debtors' investment banker.  Goodmans LLP is the Debtors' Canadian
counsel.  Garden City Group Inc. is the Debtors' claims agent.

As of December 31, 2009, the Debtors listed $655.9 million in
consolidated debts, but didn't state their consolidated assets.

Atrium Corp.'s petition says assets are up to $500,000 while debts
range from $100 million to $500 million.


AVETA INC: S&P Affirms Counterparty Credit Ratings at 'B'
---------------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its 'B'
counterparty credit ratings and positive outlook on Aveta Inc.,
NAMM Holdings Inc., and MMM Holdings Inc.

Standard & Poor's subsequently withdrew the ratings at the
company's request.

Aveta recently announced that it is seeking syndication of a
$360 million credit facility consisting of a $300 million term
loan and a $60 million revolver maturing in March 2015.  The
company will use the proceeds from the term loan to refinance its
existing facility, to pay a dividend to shareholders, and for
general corporate purposes.  "Although the increased debt results
in more pressure for dividends from Aveta's operating companies
and reduces financial flexibility, S&P believes that the impact
warrants a rating change or outlook revision," said Standard &
Poor's credit analyst Neal Freedman.  At year-end 2010, S&P
expects that Aveta's debt to EBITDA will be less than 1.5x, with
debt to capital slightly higher than in 2009.


BANK OF HIAWASSEE: Closed; Citizens South Bank Assumes Deposits
---------------------------------------------------------------
Bank of Hiawassee, Hiawassee, Georgia, was closed March 19 by the
Georgia Department of Banking and Finance, which appointed the
Federal Deposit Insurance Corporation as receiver.  To protect the
depositors, the FDIC entered into a purchase and assumption
agreement with Citizens South Bank, Gastonia, North Carolina, to
assume all of the deposits of Bank of Hiawassee.

The five branches of Bank of Hiawassee reopened Saturday as
branches of Citizens South Bank.  This transaction includes a
branch office of Bank of Hiawassee in Blue Ridge, Georgia,
operating under the business name of Bank of Blue Ridge, and the
branch office in Blairsville, Georgia, operating under the name of
the Bank of Blairsville.  Depositors of Bank of Hiawassee will
automatically become depositors of Citizens South Bank.  Deposits
will continue to be insured by the FDIC, so there is no need for
customers to change their banking relationship to retain their
deposit insurance coverage.  Customers should continue to use
their existing branch until they receive notice from Citizens
South Bank that it has completed systems changes to allow other
Citizens South Bank branches to process their accounts as well.

As of December 31, 2009, Bank of Hiawassee had around
$377.8 million in total assets and $339.6 million in total
deposits.  Citizens South Bank will pay the FDIC a premium of one
percent to assume all of the deposits of Bank of Hiawassee.  In
addition to assuming all of the deposits of the failed bank,
Citizens South Bank agreed to purchase essentially all of the
assets.

The FDIC and Citizens South Bank entered into a loss-share
transaction on $232.6 million of Bank of Hiawassee's assets.
Citizens South Bank will share in the losses on the asset pools
covered under the loss-share agreement.  The loss-share
transaction is projected to maximize returns on the assets covered
by keeping them in the private sector.  The transaction also is
expected to minimize disruptions for loan customers.  For more
information on loss share, visit:

http://www.fdic.gov/bank/individual/failed/lossshare/index.html

Customers who have questions about the transaction can call the
FDIC toll-free at 1-800-508-8289.  Interested parties also can
visit the FDIC's Web site at:

http://www.fdic.gov/bank/individual/failed/bankofhiawassee.html

The FDIC estimates that the cost to the Deposit Insurance Fund
will be $137.7 million.  Citizens South Bank's acquisition of all
the deposits was the "least costly" resolution for the FDIC's DIF
compared to all alternatives. Bank of Hiawassee is the 35th FDIC-
insured institution to fail in the nation this year, and the fifth
in Georgia.  The last FDIC-insured institution closed in the state
was Appalachian Community Bank, Ellijay, earlier on Friday,
March 19.


BEDMINSTER INTERNATIONAL LIMITED: Chapter 15 Case Summary
---------------------------------------------------------
Chapter 15 Petitioner: Tobias Hoefer
                       Schreiber & Keilwerth Musikinstrumente
                       Industriestrasse 17
                       Nauheim 64569
                       Germany

Chapter 15 Debtor: Bedminster International Limited
                   (in Provisional Liquidation)
                   Oyster Point, Temple Road, Blackrock, Co
                   Dublin, Ireland

Chapter 15 Case No.: 10-31134

Chapter 15 Petition Date: March 19, 2010

Court: Northern District of Indiana (South Bend Division)

Judge: Harry C. Dees, Jr.

Chapter 15 Petitioner's Counsel: Jeffery A. Johnson, Esq.
                                 4100 Edison Lakes Parkway
                                 Mishawaka, IN 46545
                                 Tel: (574) 243-4100
                                 Email: jjohnson@maylorber.com

                                 Jennifer ElBenni, Esq.
                                 May Oberfell Lorber
                                 4100 Edison Lakes Parkway,
                                 Suite 100
                                 Mishawaka, IN 46545
                                 Tel: (574) 243-4100
                                 Email: jelbenni@maylorber.com

                                 Patricia E. Primmer, Esq.
                                 4100 Edison Lakes Parkway
                                 Mishawaka, IN 46545
                                 Tel: (574) 243-4100
                                 Email: pprimmer@maylorber.com

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

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


BIG HEART CITY: Case Summary & 3 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Big Heart City LLC
        1201 Las Vegas Blvd. S.
        Las Vegas, NV 89104

Bankruptcy Case No.: 10-14428

Chapter 11 Petition Date: March 18, 2010

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

Judge: Linda B. Riegle

Debtor's Counsel: David J. Winterton, Esq.
                  211 N. Buffalo Dr. #A
                  Las Vegas, NV 89145
                  Tel: (702) 363-0317
                  Email: david@davidwinterton.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
3 largest unsecured creditors, is available for free at:

             http://bankrupt.com/misc/nvb10-14428.pdf

The petition was signed by Phisak Chakkaphak, manager of the
Company.


BIOLASE TECHNOLOGY: BDO Seidman Raises Going Concern Doubt
----------------------------------------------------------
On March 19, 2009, BIOLASE Technology, Inc., filed its annual
report on Form 10-K for the year ended December 31, 2009.

BDO Seidman, LLP, in Costa Mesa, Calif., expressed substantial
doubt about the Company's ability to continue as a going concern.
The independent auditors noted that the Company has suffered
recurring losses from operations, has had declining revenues, has
limited financial resources at December 31, 2009, and is
substantially dependent upon its primary distributor for future
purchases of the Company's products.

The Company reported a net loss of $3.0 million on $43.3 million
of revenue for the year ended December 31, 2009, compared with a
net loss of $9.1 million on $64.6 million of revenue for 2008.

The Company's balance sheet as of Dec. 31, 2009, showed
$22.2 million in assets, $14.2 million of debts, and $7.9 million
of stockholders' equity.

A full-text copy of the annual report is available for free at:

             http://researcharchives.com/t/s?5b56

Irvine, Calif.-based BIOLASE Technology, Inc. is medical-
technology company that develops, manufactures and markets lasers,
related products and services focused on technologies for improved
applications and procedures in dentistry and medicine.


BLOCKBUSTER INC: S&P Cuts Rating to 'CC' on Bankruptcy Warning
--------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Dallas-based Blockbuster Inc. to 'CC' from 'CCC'.  The
'CC' rating indicates that, in S&P's opinion, Blockbuster is
highly vulnerable to default.  The outlook is negative.

In addition, S&P's '3' recovery rating, indicating its expectation
for meaningful (50%-70%) recovery in the event of a payment
default, on the company's senior secured debt and its '6' recovery
rating, indicating its expectation for negligible (0%-10%)
recovery in the event of payment default, remain unchanged.

The downgrade follows the Company's Form 10-K filing in which
Blockbuster's management indicated that it may file for Chapter 11
bankruptcy protection.  In addition, the Company indicated that it
would try to convert some of its large debt load to equity and
possibly modify the terms of its secured notes.  The Company had a
substantial loss of $517.6 million from continuing operations for
the year ended Jan. 3, 2010, because of increasingly competitive
and evolving industry conditions that eroded the Company's
operating results and cash flows.  Also, the company's auditors,
PricewaterhouseCoopers LLP, stated that "these factors raise
substantial doubt about the Company's ability to continue as a
going concern."


BLUEGRASS ABS: Remarketing Agent Change Won't Move Fitch Ratings
----------------------------------------------------------------
Fitch Ratings was notified of the intention to change the
Remarketing Agent of Bluegrass ABS CDO II Ltd. to AIG Financial
Securities Corp., a subsidiary of AIG Financial Products Corp.,
after Deutsche Bank Securities Inc. resigned from the role.

In reviewing the amended Remarketing Agent document, Fitch
considered its current counterparty criteria 'Counterparty
Criteria for Structured Finance Transactions' dated Oct. 22, 2009.
The senior tranches of Bluegrass II are rated 'CCC' for term notes
and 'C' for money market notes based on the credit quality of the
underlying portfolio.  Under the criteria, there is no minimum
counterparty rating for notes rated 'CCC' or lower.  Therefore,
the change in counterparties will not have an impact on the
ratings of Bluegrass II.

This commentary does not address whether or not the Remarketing
Agent replacement is permitted by the terms of the governing
documents for Bluegrass II.  Nor does it address whether the
counterparty change is in the best interests of, or prejudicial
to, some or all of the holders of the transaction.

Fitch emphasizes that the scope of its review of the terms of the
replacement was solely to determine whether the changes proposed
in the amended Remarketing Agent Agreement would result in a
rating action on Bluegrass II.  This review has not addressed
whether or not the replacement is permitted by the transaction's
governing documents.  It remains the exclusive responsibility of
the noteholders to perform their own risk analysis and determine
if the amended Remarketing Agent Agreement is acceptable to them.

Fitch is not a party to the transaction and therefore does not
provide consent or approval, as that remains the sole preserve of
the transaction parties.  Fitch expects to be notified by the
trustee or AIG Financial Products Corp. when or if the proposed
amended Remarketing Agent Agreement is executed either in part or
in its entirety.


BLUEKNIGHT ENERGY: Delays 10-K Filing; Expects $16.5-Mil. Loss
--------------------------------------------------------------
In a regulatory filing Wednesday, Blueknight Energy Partners,
L.P., disclosed that it was unable to file, without unnecessary
effort and expense, its annual report on Form 10-K for the year
ended December 31, 2009, by the March 16, 2010 due date.

In the Form 12-b-25 filing, the Partnership stated that due to the
continued uncertainty relating to its future cash flows as well as
the related covenants and other restrictions under its credit
facility, there exists substantial doubt as to its ability to
continue as a going concern.  The Partnership related that it
continues to experience increased expenses as a result of events
surrounding the bankruptcy of its former parent company, SemGroup,
L.P., including increased expenses under the credit facility.  In
addition, the Partnership said it could be materially and
adversely affected by the securities class action litigation and
other actions pending against it.

SemGroup LP and various subsidiaries emerged from Chapter 11 on
November 30, 2009.  The Partnership and SemGroup Energy Partners
G.P., L.L.C., the general partner of the Partnership, were not
included in the bankruptcy filings.

The Partnership said that that the report of its independent
auditors on its financial statements for the fiscal year ended
December 31, 2009, may include a modification relating to the
Partnership's ability to continue as a going concern, which
constitutes an event of default under the credit agreement.  If an
event of default occurred, the Partnership said it would no longer
be permitted to borrow funds from the lenders under the revolving
credit facility portion of its credit agreement.  "Additionally,
the lenders may, among other remedies, terminate their commitments
under the revolving credit facility, declare all outstanding
amounts under the credit agreement immediately due and payable and
exercise all rights and remedies available to the lenders under
the credit agreement and related loan documents, including
sweeping the cash in the Partnership's bank accounts and
foreclosing against the Partnership's assets.

The Partnership expects a net loss of approximately $16.5 million
for the year ended December 31, 2009, compared to net income of
$17.8 million for the year ended December 31, 2008.

A full-text copy of the Form 12-b-25 filing is available at no
charge at http://researcharchives.com/t/s?5b2a

                     About Blueknight Energy

Blueknight Energy Partners, L.P., formerly SemGroup Energy
Partners, L.P. -- http://www.BKEP.com/-- owns and operates a
diversified portfolio of complementary midstream energy assets
consisting of approximately 8.2 million barrels of crude oil
storage located in Oklahoma and Texas, approximately 6.7 million
barrels of which are located at the Cushing, Oklahoma interchange,
approximately 1,150 miles of crude oil pipeline located primarily
in Oklahoma and Texas, over 200 crude oil transportation and
oilfield services vehicles deployed in Kansas, Colorado, New
Mexico, Oklahoma and Texas and approximately 7.4 million barrels
of combined asphalt and residual fuel storage located at 46
terminals in 23 states.  The Partnership provides crude oil
terminalling and storage services, crude oil gathering and
transportation services and asphalt services.  The Partnership is
based in Tulsa, Oklahoma.


BLUE DOLPHINS: Receives NASDAQ Delisting Notice
-----------------------------------------------
Blue Dolphin Energy Company received a notification letter from
NASDAQ on March 16, 2010, for failure to meet the per share
minimum bid price requirement for continued listing as set forth
in Marketplace Rule 5550(a)(2).  To appeal the determination and
avoid delisting, Blue Dolphin will request a hearing before a
NASDAQ Listing Qualifications Panel prior to March 23, 2010, and
expects to have a hearing date scheduled in 30 to 45 days. Pending
a decision by the Panel, Blue Dolphin's common stock will remain
listed and traded on The NASDAQ Capital Market.

                        About Blue Dolphin

Blue Dolphin Energy Company -- http://www.blue-dolphin.com.-- is
engaged in the gathering and transportation of natural gas and
condensate and production of oil and gas in the Gulf of Mexico.


BLUE RIDGE MEDICAL: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Blue Ridge Medical Oncology, PLLC
        353 Worth Street
        Cleveland, TN 37311

Bankruptcy Case No.: 10-11658

Chapter 11 Petition Date: March 19, 2010

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

Judge: John C. Cook

Debtor's Counsel: Bruce C. Bailey, Esq.
                  Chambliss, Bahner and Stophel
                  Two Union Square, Suite 1000
                  Chattanooga, TN 37402
                  Tel: (423) 756-3000
                  Fax: (423) 265-9574
                  Email: bbailey@cbslawfirm.com

                  Harold L North, Jr., Esq.
                  Chambliss, Bahner & Stophel, P. C.
                  1000 Tallan Building
                  Two Union Square
                  Chattanooga, TN 37402
                  Tel: (423) 756-3000
                  Fax: (423) 265-9574
                  Email: hnorth@cbslawfirm.com

                  Theresa Light Critchfield, Esq.
                  Chambliss, Bahner & Stophel, P.C.
                  1000 Tallan Bldg.
                  Two Union Square
                  Chattanooga, TN 37405
                  Tel: (423) 757-0231
                  Fax: (423) 508-1231
                  Email: tlcritchfield@cbslawfirm.com

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

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

According to the schedules, the Company has assets of $1,407,774,
and total debts of $3,598,862.

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

            http://bankrupt.com/misc/tneb10-11658.pdf

The petition was signed by Sylvia L. Krueger, M.D.


BLUFFS AT BRUSH: Files for Chapter 11 Bankruptcy in Missouri
------------------------------------------------------------
Rob Roberts at Business Journal of Kansas City reports that
Bluffs at Brush Creek filed for Chapter 11 protection in the U.S.
Bankruptcy Court for the Western District of Missouri.

Bluffs at Brush Creek is an apartment project.  The project listed
assets of $5.6 million and liabilities of $3.2 million.  The debts
include $3 million owed on a $5.6 million mortgage held by Litton
Loan Servicing of Houston and $500,000 owed on a second mortgage
held by AWM Real Estate Fund in Overland Park.

Lydia Carson of Carson Law Center in Kansas City represents the
Company.


BUCYRUS COMMUNITY: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Bucyrus Community Hospital, Inc.
        629 N. Sandusky Avenue
        Bucyrus, OH 44820

Bankruptcy Case No.: 10-61078

Chapter 11 Petition Date: March 19, 2010

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

Judge: Russ Kendig

Debtor's Counsel: Melissa Asbrock, Esq.
                  McDonald Hopkins LLC
                  600 Superior Ave., E., #2100
                  Cleveland, OH 44114
                  Tel: (216) 348-5400
                  Fax: (216) 348-5474
                  Email: masbrock@mcdonaldhopkins.com

                  Shawn M. Riley, Esq.
                  McDonald Hopkins LLC
                  600 Superior Ave, E, #2100
                  Cleveland, OH 44114
                  Tel: (216) 348-5400
                  Email: sriley@mcdonaldhopkins.com

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

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

The petition was signed by Glen A. McMurray, DDS, the company's
board chairman.

Debtor-affiliate that filed separate Chapter 11 petition:
                                                    Petition
  Debtor                               Case No.      Date
  ------                               --------      ----
Bucyrus Community Physicians, Inc.     10-61081    3/19/10
   Assets: $500,000 to $1 million
   Debts:  $500,000 to $1 million

A. Bucyrus Community Hospital, Inc.'s List of 20 Largest Unsecured
Creditors:

  Entity                   Nature of Claim        Claim Amount
  ------                   ---------------        ------------
Depuy Orthopaedics Inc.    Trade Debt             $676,225
700 Orthopaedic Drive
Warsaw, IN 46582

Stryker Orthopaedics       Trade Debt             $453,886
Corporation
2825 Airview Blvd.
Kalamazoo, MI 49002

Sodexo, Inc. & Affiliates  Trade Debt             $440,046
9801 Washington Blvd.
Gaithersburg, MD 20878

Quadramed Corp.            Software               $292,169

Premier Health Care        Professional Services  $257,611
Inc.
332 Congress Park Drive
Dayton, OH 45459

Owens & Minor              Trade Debt             $226,451

Hematology/Oncology        Professional Services  $181,875
Specialists of North West
Ohio

Donley's Inc.              Contractor              $159,605

Niche Anesthesia, LLC      Professional Services  $133,470

Advanced Anesthesiology,   Professional Services  $130,363
LLC

J Jay Guth, M.D. LLC       Professional Fees      $107,295
Bucyrus Orthopedics &
Sports Medicine

Cleveland Clinic           Professional Services  $101,923
Reference Laboratory

Ohio Imaging Centers at    Professional Services  $94,152
Bucyrus LLC

Ohio Hospital Association  Third Party            $74,189
                           Administrator

NH-PM, Inc.                Professional Services  $68,950
c/o National Healing Corp.

Beckman Coulter            Leases                 $62,337

Insight Health             Professional Services  $56,269

Stand Energy Corporation   Utilities              $54,085

HMC Group                  Professional Services  $49,586

Oberlanders Tree &         Trade Debt             $48,864
Landscape


B. Bucyrus Community Physicians, Inc.'s List of 20 Largest
Unsecured Creditors:

  Entity                   Nature of Claim        Claim Amount
  ------                   ---------------        ------------
Shealy Group               Management Services    $92,023

OSU Internal Medicine,     Professional Services  $48,900
LLC

Greenway Medical           Software               $20,607
Technologies, Inc.

Anthem Blue Cross and      Medical Provider       $15,461
Blue Shield

Grant Hope                 Professional Services  $14,400

Marion Radiology           Professional Services  $14,080
Association

Sallie Mae Servicing       Student Loan for       $11,084
                           Doctor

CenturyLink                Utilities              $8,381

Chris Johnson              Professional Services  $6,800

Todd Strickland            Professional Services  $6,675

Professional Office        Lease                  $4,200
Properties

Accent Corporate           Professional Services  $3,603
Headquarters

MedQuist, Inc.             Professional Services  $3,141
Corporate Offices

Neurometrix, Inc.          Trade Debt             $2,540

Bill N. Vance Jr.          Lease                  $2,500

Padula Family Ltd.         Lease                  $2,387

Medical Doctors            Trade Debt             $2,082
Associates, Inc.

Yanke Bionics Clinics,     Trade Debt             $1,593
Inc.

Clinical Support Services  Trade Debt             $1,557

WOHZ Television            Advertisement          $1,394


BURLINGTON COAT: Bank Debt Trades at 7% Off in Secondary Market
---------------------------------------------------------------
Participations in a syndicated loan under which Burlington Coat
Factory Warehouse Corp. is a borrower traded in the secondary
market at 93.22 cents-on-the-dollar during the week ended Friday,
March 19, 2010, according to data compiled by Loan Pricing Corp.
and reported in The Wall Street Journal.  This represents an
increase of 1.16 percentage points from the previous week, The
Journal relates.  The Company pays 225 basis points above LIBOR to
borrow under the facility.  The bank loan matures on May 28, 2013,
and carries Moody's B3 rating and Standard & Poor's B- rating.
The debt is one of the biggest gainers and losers among 195 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

                       About Burlington Coat

Burlington Coat Factory Warehouse Corp. operates stores in 44
states and Puerto Rico, which sell apparel, shoes and accessories
for men, women and children.  A majority of the stores offers a
home furnishing and linens department and a juvenile furniture
department.

As of Sept. 4, 2009, the Company operates 433 stores under the
names "Burlington Coat Factory Warehouse" (415 stores), "MJM
Designer Shoes" (15 stores), "Cohoes Fashions" (two stores), and
"Super Baby Depot" (one store) in 44 states and Puerto Rico.

As reported by the Troubled Company Reporter on June 29, 2009,
Fitch Ratings affirmed its Issuer Default Rating at 'B-';
US$800 million asset-based revolver rating at 'B+/RR1';
US$900 million term loan rating at 'B/RR3', on Burlington Coat
Factory Warehouse Corp.


BVS ENTERPRISES: Case Summary & 3 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: BVS Enterprises, LLC
        8370 Greensboro Drive, Unit 202
        McLean, VA 22102

Bankruptcy Case No.: 10-12023

Chapter 11 Petition Date: March 18, 2010

Court: United States Bankruptcy Court
       Eastern District of Virginia (Alexandria)

Judge: Stephen S. Mitchell

Debtor's Counsel: Richard J. Stahl, Esq.
                  Stahl Zelloe, P.C.
                  11350 Random Hills, Road, Suite 700
                  Fairfax, VA 22030
                  Tel: (703) 691-4940
                  Fax: (703) 691-4942
                  Email: r.stahl@stahlzelloe.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
3 largest unsecured creditors, is available for free at:

            http://bankrupt.com/misc/vaeb10-12023.pdf

The petition was signed by Brenda Silka, managing member of the
Company.

Debtor-affiliates that filed separate Chapter 11 petitions:
                                                    Petition
Debtor                                 Case No.      Date
------                                 --------      ----
Brenda Silka                           10-11811     3/11/10
Solarus, LLC                           10-12024     3/18/10
   aka Solarus Salon & Spa
   Assets: $0 to $50,000
   Debts:  $1 million to $10 million


C BEAN: Files for Chapter 11, Shuts Down Operations
---------------------------------------------------
According to Land Line Magazine, C. Bean filed for made a
voluntary filing under Chapter and shut down trucking operations.

The Company listed assets and debts of between $10 million and $50
million.

C. Bean is a transport service company.  The Company is ceasing
its over-the-road operations, but would continue to operate its
warehouse facility in Fort Smith, Arizona.

In February 2010, Richard Bell of Bell Receivers LLC was named
receiver after the Company defaulted on a $5.6 million loan with
1st Source Bank in South Bend, Indiana.


CANTON COMMERCIAL: Case Summary & 6 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Canton Commercial Holdings LLC
        2197 Canton Road, Suite 210
        Marietta, GA 30066

Bankruptcy Case No.: 10-67891

Chapter 11 Petition Date: March 17, 2010

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

Debtor's Counsel: Michael D. Robl, Esq.
                  Thomerson, Spears & Robl, LLC
                  104 Cambridge Avenue
                  Decatur, GA 30030
                  Tel: (404) 373-5153
                  Email: mdrobl@tsrlaw.com

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

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

According to the schedules, the Company has assets of $1,725,000,
and total debts of $1,368,935.

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/ganb10-67891.pdf

The petition was signed by Edward L. Terry, manager of the
Company.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                    Petition
Debtor                                 Case No.      Date
------                                 --------      ----
Hampton Homes, Inc.                    09-87296    10/15/09


CAPMARK FINANCIAL: Wants to Sell Investments in Mexican Markets
---------------------------------------------------------------
Capmark Financial Group Inc. and its units seek the Court's
authority to sell certain transferred interests to TESEFA, S.A. de
C.V., a Sociedad Anonima de Capital Variable organized under the
laws of Mexico, or to a successful bidder, free and clear of any
and all liens, claims, encumbrances and interests.

Capmark Financial Group Inc., Capmark Finance Inc. and non-debtor
Capmark Mexico, S. de R.L. de C.V., a Sociedad de Responsabilidad
Limitada de Capital Variable organized under the laws of Mexico,
an affiliate of CFGI, have historically invested in Mexican non-
performing loans.  The Sellers' equity and debt interests in
certain special purpose entities that own Mexican non-performing
loans are the subject of the proposed sale.

Jason M. Madron, Esq., at Richards, Layton & Finger, P.A., in
Wilmington, Delaware, relates that the non-performing loan assets
held by the Sellers through the Transferred Interests are
illiquid and risky by nature.  Mr. Madron adds that the non-
performing loans have uncertain cash flows and require
significant oversight by the servicer of the assets.  He further
notes that the equity interests in the joint venture special
purpose entities are subject to transfer restrictions which
prohibit the transfer of the Seller's interest without the
consent of the joint venture partners or otherwise grant the
joint venture partners rights of first refusal to acquire the
Sellers' interests.

Given the Debtors' decision to withdraw from the Mexican market,
the depreciating value of the Transferred Interests and the
Debtors' unwillingness to devote the necessary resources to
maintain value in the Debtor-Sellers' Transferred Interests, the
Debtors do not believe the assets are viable component of their
anticipated reorganization, Mr. Madron tells the Court.  As a
result, the Debtors desire to sell the Debtor-Sellers'
Transferred Interests, and non-debtor Capmark Mexico desires to
sell its portion of the Transferred Interests, to any party or
parties offering the highest or best offer.

            Proposed Sale of the Transferred Assets

The Sellers, Buyer, and Promecap S.A. de C.V., a Sociedad Anonima
de Capital Variable organized under the laws of Mexico, Odisea
Asset Management, LLC, a Delaware limited liability company, have
entered into a purchase agreement, dated as of February 4, 2010,
whereby TESEFA has agreed to purchase from the Sellers these
assets, which comprise the Transferred Assets:

  (a) Capmark Activos I, S. de R.L. de C.V.; (i) the outstanding
      debt of Capmark Activos I issued in favor of CFI, (ii) the
      outstanding debt of Capmark Activos I issued in favor of
      Capmark Mexico, and (iii) 2 Social Parts owned by Capmark
      Mexico and CFI, together representing 100% of the
      outstanding capital stock of Capmark Activos I;

  (b) Capmark Activos III, S. de R.L. de C.V.: 1 Social Part
      owned by CFI and 1 Social Part owned by Capmark Mexico,
      together representing 100% of the outstanding capital
      stock of Capmark Activos III;

  (c) COEFACT, S.A. de C.V.: (i) 25,000 series "A" shares, (ii)
      6,975,000 series "B" shares of COEFAT owned by Capmark
      Mexico, together representing 50% of the outstanding stock
      of COEFACT; and (iii) all rights and obligation of Capmark
      Mexico under the Shareholders' Agreement dated as of March
      19, 2004, between Capmark Mexico and UBS AG;

  (d) LLM Inversiones I, S.A. de C.V.:(i) unsecured debentures
      of LLM Inversiones I issued by Lend Lease Equities, S.A.
      de C.V. and held by Capmark Mexico, and (ii) all rights
      and obligations of Capmark Mexico and CFI under the
      Assignment and Assumption of Rights and Payment Agreement,
      dated as of December 10, 2003, among Lend Lease Equities,
      S.A. de C.V., Capmark Mexico, and CFI;

  (e) LLM Inversiones II, S.A., de C.V.: (i) 50,000 series "A"
      shares of LLM Inversiones II and (ii) 924,675 series "B"
      shares owned by Capmark Mexico, together representing 50%
      of the outstanding capital stock of LLM Inversiones II,
      and (iii) all rights and obligations of Capmark Mexico
      under the Shareholders' Agreement dated as of December 15,
      2002, among ML IBK Positions Inc., Lend Lease Equities,
      S.A. de C.V., and LL Inversiones II;

  (f) Recuperadora de Deuda Hipotecaria, S. de R.L. de C.V.: 1
      Social Part of the RDH Pool owned by CFGI, representing
      40% of the outstanding capital stock of the RDH Pool, and
      (ii) all rights and obligations of CFI under the Amended
      and Restated Shareholders Agreement dated as of January
      18, 2006, among CFI, CIGPF I Corp., and UBS AG;

  (g) VPN Plus, S. de R.L. de C.V.: (i) 1 Social Part of VPN
      Plus I owned by CFGI, representing 50% of the outstanding
      capital stock of VPN Plus I, and (ii) all rights and
      obligations of CFI under the Shareholders Agreement dated
      as of September 8, 2005, among CFI and CIGPF I Corp.;

  (h) VPN Plus II, S. de R.L. de C.V.: (i) 1 Social Part of VPN
      Plus II owned by CFGI, representing 50% of the outstanding
      capital stock of VPN Plus II; and (ii) all rights and
      obligations of CFI under the Shareholders Agreement dated
      as of September 29, 2005, among CFI and CIGPF I Corp.;

  (i) The Zendere Note: (i) obligations and rights related to
      the Stock Purchase Agreement entered into by and among
      Zendere I, Corporativo Zendere I, CFGI, Capmark Mexico,
      and the Principals named in the Stock Purchase Agreement
      dated as of November 15, 2007, and (ii) the obligations
      and rights related to the Stock Pledge Agreement entered
      into by and among Zendere I and Corporativo Zendere I as
      Pledgors and Capmark as Pledgee, dated as of December 7,
      2007; and

  (j) all contracts relating to the Transferred Interests.

The principal terms of the Sale Agreement are:

Purchase Price: $17,158,555, subject to certain upward or
               downward adjustments.  Approximately $15 million
               of the proposed Purchase Price will be allocated
               to CFGI and CFI.

Break-Up Fee: Equal to the sum of:

              (a) the reasonable out-of-pocket expenses of Buyer
                  in connection with the negotiation, execution
                  and performance of the letter of intent and
                  the Sale Agreement, not to exceed $100,000
                  in the aggregate; and

              (b) 2% of the aggregate Base Purchase Price
                  allocated to the Transferred Interests sold to
                  that Successful Bidder or Successful Bidders.

In no event will the Break-Up Fee be payable to the Buyer if the
closing of the Alternative Transaction does not occur within six
months of the date of the execution of the Sale Agreement.

A full-text copy of the Sale Agreement is available for free at:

    http://bankrupt.com/misc/Capmark_RevSaleAgmtTESEFA.pdf

              Bidding Procedures and the Auction

Pursuant to court-approved bidding procedures, the Debtors will
conduct a competitive bidding process for the sale of the
Transferred Interests pursuant to the Sale Agreement, subject to
higher or better offers.

Any person interested person or entity participating in the
Auction must submit a qualifying bid on or before March 22, 2010,
at 2:00 p.m.

To participate in the bidding process and be deemed a Qualifying
Bidder, each potential bidder must submit a Qualifying Bid by the
Bid Deadline.

If an Auction is conducted where the Debtors do not permit
separate bids for the individual Transferred Interests and one
Qualifying Bidder submits the highest or best Qualifying Bid for
all of the Transferred Interests, the Qualifying Bidder with the
next highest or otherwise best Qualifying Bid for all of the
Transferred Interests will be required to serve as back-up
bidder.

The Court will hold a Sale Hearing on April 5, 2010.

A full-text copy of the Court's Bidding Procedures Order is
available for free at:

http://bankrupt.com/misc/Capmark_OrdAuctionTransferredInt.pdf

               Contracts Assumption and Assignment

To facilitate the Sale and the assumption and assignment of the
Assigned Contracts, the Debtors notified parties-in-interest on
February 26, 2010, that they intend to assume and assign certain
executory contracts in connection with the proposed sale.  The
Debtors did not provide a list of the contracts.

                        Objection Deadline

The Debtors request that objections, if any, to the Sale or an
Assumption or Cure Objection be filed on or before March 25,
2010.

            Debtors File Proposed Supplemental Order

The Debtors relate in a certification of counsel that subsequent
to the entry of the Bidding Procedures Order, they have completed
all of the service requirements except that the known nondebtor
parties to the Assigned Contracts were served with the complete
Notice of Assumption and Assignment within six, rather than five,
business days following the entry of the Bidding Procedures
Order.

Consequently, the Debtors prepared a form of supplemental order
which extends their time to complete service of Notice of
Assumption and Assignment upon all known nondebtor parties
through March 1, 2010.

Judge Sontchi signed the Supplemental Order on March 11, 2010.

                      About Capmark Financial

Based in Horsham, Pennsylvania, Capmark Financial Group Inc. --
http://www.capmark.com/-- is a diversified company that provides
a broad range of financial services to investors in commercial
real estate-related assets.  Capmark has three core businesses:
lending and mortgage banking, investments and funds management,
and servicing.  Capmark operates in North America, Europe and
Asia.  Capmark has 1,000 employees located in 37 offices
worldwide.

On October 25, 2009, Capmark Financial Group Inc. and certain of
its subsidiaries filed voluntary petitions for relief under
Chapter 11 (Bankr. D. Del. Case No. 09-13684)

Capmark's financial advisors are Lazard Freres & Co. LLC and
Loughlin Meghji + Company. Capmark's bankruptcy counsel is Dewey &
LeBoeuf LLP.  Richards, Layton & Finger, P.A. serves as local
counsel.  Beekman Advisors, Inc., is serving as strategic advisor.
KPMG LLP is tax and accounting advisor.  Epiq Bankruptcy
Solutions, LLC, is the claims and notice agent.

Capmark has total assets of US$20 billion against total debts of
US$21 billion as of June 30, 2009.

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


CAPMARK FINANCIAL: Wants to Assign ATM License to Berkadia
----------------------------------------------------------
Capmark Financial Group Inc. and its units seek the Court's
authority to assume and assign an automated teller machine license
agreement to Berkadia Commercial Mortgage LLC.

The ATM License Agreement, dated as of September 26, 2001, was
entered between Debtor Capmark Finance Inc. and Wachovia Bank,
NA, as successor to First Union Bank.  The Debtors relate that
pursuant to the ATM License Agreement, they are obligated to pay
Wachovia approximately $600 per month to have the ATM remain at
118 Welsh Road, in Horsham, Pennsylvania, as a convenience to the
employees who work at that location, which amounts, after the
sale of the commercial mortgage servicing and mortgage banking
business assets have been, or will be, reimbursed by Berkadia to
the Debtors.

The Debtors relate that no amounts are required to cure any
default under Section 365 of the Bankruptcy Code, and that
Berkadia has provided adequate assurance of future performance
under the ATM License Agreement.

                      About Capmark Financial

Based in Horsham, Pennsylvania, Capmark Financial Group Inc. --
http://www.capmark.com/-- is a diversified company that provides
a broad range of financial services to investors in commercial
real estate-related assets.  Capmark has three core businesses:
lending and mortgage banking, investments and funds management,
and servicing.  Capmark operates in North America, Europe and
Asia.  Capmark has 1,000 employees located in 37 offices
worldwide.

On October 25, 2009, Capmark Financial Group Inc. and certain of
its subsidiaries filed voluntary petitions for relief under
Chapter 11 (Bankr. D. Del. Case No. 09-13684)

Capmark's financial advisors are Lazard Freres & Co. LLC and
Loughlin Meghji + Company. Capmark's bankruptcy counsel is Dewey &
LeBoeuf LLP.  Richards, Layton & Finger, P.A. serves as local
counsel.  Beekman Advisors, Inc., is serving as strategic advisor.
KPMG LLP is tax and accounting advisor.  Epiq Bankruptcy
Solutions, LLC, is the claims and notice agent.

Capmark has total assets of US$20 billion against total debts of
US$21 billion as of June 30, 2009.

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


CAPMARK FINANCIAL: Proposes Johnson as Salary Consultant
--------------------------------------------------------
Capmark Financial Group Inc. and its units seek the Court's
authority to employ Johnson Associates, Inc. as their compensation
consultant, nunc pro tunc to February 17, 2010.

The Debtors maintain that Johnson's consulting practice has a
long-standing reputation for providing independent advice to
clients with a strong focus on candor and sound judgments.
Moreover, the Debtors note, Johnson is being retained to analyze
their proposed Performance Incentive Plan compensation payments
and arrangements, as well as base salaries, and assist and advise
them in developing a compensation program that aligns the
interests of the Debtors, their key employees, and their
creditors.  Johnson is also being retained to undertake a
comparative analysis of the Debtors' discretionary Bonus Plan for
non-insider employees against similar plans in the financial
services industry.

The Debtors propose that Johnson perform these tasks pursuant to
two engagement letters:

A. Bonus Plan Engagement Letter

(a) Review the Debtors' proposed Performance Incentive Plan
     and existing Bonus Plan;

(b) Evaluate incentive design features and metrics;

(c) Analyze potential plan magnitudes;

(d) Arrive at a workable program that both motivates and
     incentivizes targeted outcomes; and

(e) Provide testimony relating to the proposed Performance
     Incentive Plan.

B. Base Salary Engagement Letter:

  i. Review proposed salary levels;

ii. Evaluate the positions/functions for comparability;

iii. Provide estimated market details based on available
     competitive information; and

iv. Provide sensible and competitive base salaries that help
     the Debtors' business lines operate on a more stable and
     effective basis.

As described in the Bonus Plan Engagement Letter, the Debtors
expect to pay Johnson these estimated costs:

Function                                 Range
--------                             ---------------
Assessment of Potential Directions   $16,000 - $19,000
Testimony and Preparation            $11,000 - $13,000

As described in the Base Salary Engagement Letter, the Debtors
expect to pay Johnson these estimated costs:

Function                                  Range
--------                             ---------------
Assessment of Potential Directions   $9,000-$10,500

Jeff Pratas Visithpanich, a principal of Johnson Associates,
Inc., assures the Court that his firm is a "disinterested person"
as that term is defined in Section 101(14) of the Bankruptcy
Code, as modified by Section 1107(b) of the Bankruptcy Code and
as required under Section 327(a) of the Bankruptcy Code.

                      About Capmark Financial

Based in Horsham, Pennsylvania, Capmark Financial Group Inc. --
http://www.capmark.com/-- is a diversified company that provides
a broad range of financial services to investors in commercial
real estate-related assets.  Capmark has three core businesses:
lending and mortgage banking, investments and funds management,
and servicing.  Capmark operates in North America, Europe and
Asia.  Capmark has 1,000 employees located in 37 offices
worldwide.

On October 25, 2009, Capmark Financial Group Inc. and certain of
its subsidiaries filed voluntary petitions for relief under
Chapter 11 (Bankr. D. Del. Case No. 09-13684)

Capmark's financial advisors are Lazard Freres & Co. LLC and
Loughlin Meghji + Company. Capmark's bankruptcy counsel is Dewey &
LeBoeuf LLP.  Richards, Layton & Finger, P.A. serves as local
counsel.  Beekman Advisors, Inc., is serving as strategic advisor.
KPMG LLP is tax and accounting advisor.  Epiq Bankruptcy
Solutions, LLC, is the claims and notice agent.

Capmark has total assets of US$20 billion against total debts of
US$21 billion as of June 30, 2009.

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


CAPMARK FINANCIAL: Gets OK for Messana as Special Del. Counsel
--------------------------------------------------------------
Capmark Financial Group Inc. and its units sought and obtained the
Court's authority to employ Messana Rosner & Stern LLP as their
special Delaware counsel, nunc pro tunc to December 30, 2009.

The Debtors said they have selected Messana Rosner because the
firm's attorneys have played significant roles representing
various constituencies in many large and complex cases.

On January 5, 2010, Capmark Financial Group, Inc., Capmark
Capital Inc., Capmark Finance Inc., Commercial Equity
Investments, Inc., Mortgage Investments, LLC, Net Lease
Acquisition LLC, and SJM Cap, LLC filed an adversary complaint
for declaratory and injunctive relief to confirm applicability of
the automatic stay or alternatively, to impose Section 105 of the
Bankruptcy Code.

The Adversary Complaint was prepared by Dewey & LeBoeuf LLP and
then reviewed and filed by Messana Rosner.  Prior to filing the
Adversary Complaint, Richards, Layton & Finger, P.A. ran a
conflicts check and determined that it could not be adverse to
one or more of the defendants.  To avoid any conflict of interest
or even the appearance of any impropriety, the Debtors sought to
retain Messana Rosner as special Delaware counsel solely with
respect to the Adversary Complaint and any appeals taken in
connection therewith.

The Debtors tell the Court that they seek to retain MRS as their
special Delaware counsel because Richards Layton cannot be
adverse to one or more of the defendants identified in the
Adversary Complaint.

As special Delaware counsel, Messana Rosner will:

  (a) represent the interests of the Debtors' estates as special
      Delaware counsel in the Adversary Complaint;

  (b) prepare on behalf of the Debtors all necessary motions,
      applications, orders, reports and other papers in
      connection with the administration of the Adversary
      Complaint; and

  (c) perform all other necessary legal services in connection
      with the prosecution of the Adversary Complaint as may be
      requested by the Debtors or Dewey & LeBoeuf.

The Debtors will pay Messana Rosner based on the firm's current
hourly rates:

Name                    Title              Hourly Rate
----                    -----              -----------
Frederick B. Rosner     Partner               $500
Scott J. Leonhardt      Associate             $350
Brian L. Arban          Associate             $300
Bette O'Byrne           Paralegal             $225

The Debtors will also reimburse Messana Rosner for all expenses
incurred including photocopying services, travel expenses, filing
fees, postage and others.

Frederick B. Rosner, Esq., at Messana Rosner & Stern LLP, in
Wilmington, Delaware, assures the Court that his firm is a
"disinterested person" as that phrase is defined in Section
101(14) of the Bankruptcy Code.

                     Court Amends Order

The Debtors tell the Court that in an informal comment, the
Office of the U.S. Trustee asserted that the retention of Messana
Rosner should be pursuant to Section 327(a) of the Bankruptcy
Code, not 327(e).

To address the U.S. Trustee's comment, the Debtors delivered to
the Court a form of an amended order authorizing Messana Rosner's
retention under Section 327(a).

Accordingly, on February 23, 2010, Judge Sontchi amended his
order to reflect the changes requested by the Debtors.

                      About Capmark Financial

Based in Horsham, Pennsylvania, Capmark Financial Group Inc. --
http://www.capmark.com/-- is a diversified company that provides
a broad range of financial services to investors in commercial
real estate-related assets.  Capmark has three core businesses:
lending and mortgage banking, investments and funds management,
and servicing.  Capmark operates in North America, Europe and
Asia.  Capmark has 1,000 employees located in 37 offices
worldwide.

On October 25, 2009, Capmark Financial Group Inc. and certain of
its subsidiaries filed voluntary petitions for relief under
Chapter 11 (Bankr. D. Del. Case No. 09-13684)

Capmark's financial advisors are Lazard Freres & Co. LLC and
Loughlin Meghji + Company. Capmark's bankruptcy counsel is Dewey &
LeBoeuf LLP.  Richards, Layton & Finger, P.A. serves as local
counsel.  Beekman Advisors, Inc., is serving as strategic advisor.
KPMG LLP is tax and accounting advisor.  Epiq Bankruptcy
Solutions, LLC, is the claims and notice agent.

Capmark has total assets of US$20 billion against total debts of
US$21 billion as of June 30, 2009.

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


CARL HENRY DAUGHERTY: Case Summary & 8 Largest Unsecured Creditors
------------------------------------------------------------------
Joint Debtors: Carl Henry Daugherty, Jr.
               Sharon Layman Daugherty
               304 Sterling Court
               Sevierville, TN 37876

Bankruptcy Case No.: 10-31321

Chapter 11 Petition Date: March 19, 2010

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

Judge: Richard Stair Jr.

Debtors' Counsel: Michael H. Fitzpatrick, Esq.
                  Jenkins & Jenkins Attorneys, PLLC
                  2121 First Tennessee Plaza
                  800 S. Gay St.
                  Knoxville, TN 37929
                  Tel: (865) 524-1873
                  Email: tn20@ecfcbis.com

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

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

According to the schedules, the Company has assets of $4,126,747
and total debts of $2,270,739.

A list of the Company's 8 largest unsecured creditors is available
for free at:

            http://bankrupt.com/misc/tneb10-31321.pdf

The petition was signed by the Joint Debtors.


CBD FRANCHISING: Case Summary & 21 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: CBD Franchising, Inc.
          dba Closet By Design Franchising
        3860 Capitol Avenue
        Whittier, CA 90601

Bankruptcy Case No.: 10-19973

Chapter 11 Petition Date: March 18, 2010

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

Judge: Richard M. Neiter

Debtor's Counsel: Christopher S. Reeder, Esq.
                  Reeder Lu & Green LLP
                  2121 Ave of the Stars, Ste 950
                  Los Angeles, CA 90067
                  Tel: (310) 270-9300
                  Fax: (310) 270-9301
                  Email: creeder@reederlugreen.com

                  Julian I. Gurule, Esq.
                  10100 Santa Monica Blvd, Ste 1450
                  Los Angeles, CA 90067
                  Tel: (310) 552-3100
                  Fax: (310) 552-3101
                  Email: jgurule@pwkllp.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
21 largest unsecured creditors, is available for free at:

            http://bankrupt.com/misc/cacb10-19973.pdf

The petition was signed by Gerard A. Thompson, senior vice
president & CFO of the Company.


CELL THERAPEUTICS: Seeks Shareholder OK to Issue More Shares
------------------------------------------------------------
Cell Therapeutics, Inc., will hold a Special Meeting of
Shareholders on April 9, 2010, to seek approval of its proposal to
increase its capital stock to obtain funding for its operations.

In his letter to shareholders, Louis A. Bianco, Executive Vice
President, Finance & Administration of Cell Therapeutics, Inc.,
said, "Most of our currently authorized common stock has been
issued or is reserved for issuance. The proposal to increase our
authorized capital stock would provide us with resources that are
critical to our ability to continue to fund our operations as we
move forward toward potential product milestones and would be in
the best interest of our shareholders."

Mr. Bianco said the meeting is "urgent."  According to Mr. Bianco,
"CTI has the potential to have our product, pixantrone, targeting
aggressive non-Hodgkin's lymphoma approved in 2010 and will meet
with the Food and Drugs Administration's (the "FDA") Oncologic
Drugs Advisory Committee ("ODAC") to review the New Drug
Application ("NDA") for pixantrone on March 22, 2010.  The FDA is
then expected to make a final decision on approval by April 23,
2010. This drug is aimed at helping cancer patients who have
limited medical options. Approval of pixantrone would also be a
transformative event for us and it is critical as we move toward
potential commercialization of pixantrone that we have the ability
to access the capital markets to fund our operations to bring this
drug to the patient community."

                     About Cell Therapeutics

Headquartered in Seattle, Cell Therapeutics, Inc. (NASDAQ and MTA:
CTIC) -- http://www.CellTherapeutics.com/-- is a
biopharmaceutical company that develops an integrated portfolio of
oncology products aimed at making cancer more treatable.
Subsequent to the closure of its Bresso, Italy operations in
September 2009, CTI's operations are conducted solely in the
United States.

The Company reported $69.59 million in total assets and $87.73
million in total liabilities, resulting in $18.76 million in
stockholders' deficit at Dec. 31, 2009.

                       Going Concern Doubt

San Francisco-based Stonefield Josephson, Inc., has included an
explanatory paragraph in their report on Cell Therapeutics, Inc.'s
December 31, 2009, 2008 and 2007 consolidated financial statements
regarding their substantial doubt as to the Company's ability to
continue as a going concern.  The independent auditors reported
that the Company has sustained loss from operations over the audit
periods, incurred an accumulated deficit, and has substantial
monetary liabilities in excess of monetary assets as of
December 31, 2009.

                      Bankruptcy Warning

In its Form 10-Q report for the period ended September 30, 2009,
filed with the Securities and Exchange Commission, the Company
warned it does not expect it will have sufficient cash to fund
planned operations through the second quarter of 2010, which
raises substantial doubt about its ability to continue as a going
concern.  The Company said if it fails to obtain capital when
required, the Company said it may be required to delay, scale
back, or eliminate some or all of its research and development
programs and may be forced to cease operations, liquidate its
assets and possibly seek bankruptcy protection.


CENTRAL PACIFIC: Fitch Downgrades Issuer Default Rating at 'CC'
---------------------------------------------------------------
Fitch Ratings has downgraded the long-term Issuer Default Rating
of Central Pacific Financial Corp. and its bank subsidiary,
Central Pacific Bank to 'CC' from 'CCC'.

The downgrade of CPF's ratings reflects that the company remains
under serious credit stress and has disclosed it will not meet the
enhanced capital requirements as per its existing regulatory
agreements.  Although the company has been actively attempting to
raise capital, these efforts have thus far not been successful.
Failure to meet these regulatory requirements exposes the company
to additional regulatory enforcement actions, including a
potential regulatory takeover of its bank subsidiary, Central
Pacific Bank.  The inability to meet current and future regulatory
requirements, as well as the prospect of regulatory seizure, has
caused its auditor to raise questions as to the company's ability
to continue as a going concern.

Central Pacific Bank is operating under a Consent Order with the
FDIC and its state regulator, which requires among other things,
for the bank to increase its leverage and total risk-based capital
ratios to 10% and 12%, respectively, by March 31, 2010.
Additionally, CPF is operating under a MOU with the Federal
Reserve Board of San Francisco, which also requires the company to
maintain enhanced capital ratios, specifically maintaining a 9%
leverage ratio.  It is anticipated that CPF will also consent to a
formal enforcement action with the FRB in the near future.  Fitch
estimates, without factoring in expected future losses, that CPF
would need to raise over $130 million of new capital given its
present asset size to meet enhanced capital requirements.

The company has implemented a recovery plan, which calls for a
downsizing of the bank and to boost capital ratios, as previous
initiatives to improve capital ratios were insufficient to meet
regulatory requirements.  While a successful implementation of the
company's recovery plan could have positive rating implications,
Fitch believes there is a limited probability that the recovery
plan will be successful in meeting regulatory requirements.

Fitch assigns recovery ratings to individual security issues where
the IDR of the issuer is rated in the single-B or below category.
As such, Fitch has assigned a recovery rating of 'RR3' to the
uninsured long-term deposits of Central Pacific Bank, which
implies a recovery between 51% - 70%, on these instruments in the
event of failure or default by the issuer, and a 'RR6' to the
preferred and trust preferred securities of CPF, which implies
recovery between 0%-10%.

CPF is a $4.9 billion banking company headquartered in Honolulu,
HI.  CPF provides a full range of traditional commercial consumer
and banking services.  Through its bank subsidiary, Central
Pacific Bank, the company operates 37 branches throughout Hawaii.

Fitch has taken these rating actions:

Central Pacific Financial Corp.

  -- Long-term IDR downgraded to 'CC' from 'CCC';
  -- Short-term IDR affirmed at 'C';
  -- Individual affirmed at 'E';
  -- Preferred Stock affirmed at 'C/RR6';
  -- Support affirmed at '5';
  -- Support Floor affirmed at 'No Floor'.

Central Pacific Bank

  -- Long-term IDR downgraded to 'CC from 'CCC';
  -- Short-term IDR affirmed at 'C';
  -- Long-term Deposit downgraded to 'CCC/RR3' from 'B-/RR3';
  -- Short-term Deposit downgraded to 'C' from 'B';
  -- Individual affirmed at 'E';
  -- Support affirmed at '5';
  -- Support Floor affirmed at 'No Floor'.

CPB Capital Trust I, II, & IV
CPB Statutory Trust III & V

  -- Trust Preferred Securities affirmed at 'C/RR6'.


CENTURY SECURITY: Closed; Bank of Upson Assumes All Deposits
------------------------------------------------------------
Century Security Bank, Duluth, Georgia, was closed March 19 by the
Georgia Department of Banking and Finance, which appointed the
Federal Deposit Insurance Corporation as receiver.  To protect the
depositors, the FDIC entered into a purchase and assumption
agreement with Bank of Upson, Thomaston, Georgia, to assume all of
the deposits of Century Security Bank.

The two branches of Century Security Bank reopened Saturday during
normal business hours as branches of Bank of Upson.  Depositors of
Century Security Bank will automatically become depositors of Bank
of Upson.  Deposits will continue to be insured by the FDIC, so
there is no need for customers to change their banking
relationship to retain their deposit insurance coverage.
Customers should continue to use their existing branch until they
receive notice from Bank of Upson that it has completed systems
changes to allow other Bank of Upson branches to process their
accounts as well.

As of December 31, 2009, Century Security Bank had around
$96.5 million in total assets and $94.0 million in total deposits.
Bank of Upson did not pay the FDIC a premium for the deposits of
Century Security Bank.  In addition to assuming all of the
deposits of the failed bank, Bank of Upson agreed to purchase
essentially all of the assets.

The FDIC and Bank of Upson entered into a loss-share transaction
on $81.5 million of Century Security Bank's assets.  Bank of Upson
will share in the losses on the asset pools covered under the
loss-share agreement.  The loss-share transaction is projected to
maximize returns on the assets covered by keeping them in the
private sector.  The transaction also is expected to minimize
disruptions for loan customers.  For more information on loss
share, please visit:

http://www.fdic.gov/bank/individual/failed/lossshare/index.html

Customers who have questions about the transaction can call the
FDIC toll-free at 1-800-355-0650.  Interested parties also can
visit the FDIC's Web site at:

  http://www.fdic.gov/bank/individual/failed/cent-security.html

The FDIC estimates that the cost to the Deposit Insurance Fund
will be $29.9 million.  Bank of Upson's acquisition of all the
deposits was the "least costly" resolution for the FDIC's DIF
compared to all alternatives.  Century Security Bank is the 32nd
FDIC-insured institution to fail in the nation this year, and the
third in Georgia.  The last FDIC-insured institution closed in the
state was Community Bank and Trust, Cornelia, on January 29, 2010.


CHAMPION ENTERPRISES: Investor Group Injects $50MM New Capital
-------------------------------------------------------------
Champion Enterprises Holdings, LLC, has completed the acquisition
of the domestic and international operations of Champion
Enterprises, Inc., out of bankruptcy.  In connection with the
transaction, an investor group consisting of affiliates of
Centerbridge Partners, L.P., MAK Capital Fund LP and Sankaty
Advisors, LLC, invested $50 million in new capital to support the
operations and growth initiatives of the newly created company.
The new company emerges recapitalized and with a substantially
deleveraged balance sheet consisting of $40 million of term debt
along with the assumption of certain operating liabilities.

"The completion of this transaction is a significant step forward
for Champion and represents very positive news for our customers,
employees and other business partners," said William C. Griffiths,
President and Chief Executive Officer of Champion Enterprises
Holdings, LLC.  "The infusion of new capital will allow us to fund
growth initiatives as the housing markets begin to recover, and is
particularly well timed in light of the upcoming spring selling
season."

Michael Bevacqua, Managing Director of Sankaty Advisors, LLC,
stated: "The investor group is excited about the prospects for the
new Champion and we look forward to working with the company as it
executes its immediate priorities for the business -- providing
much needed financing and marketing support for our dealer base
and improving upon our already strong market position in the
manufactured housing industry."

David Trucano, Managing Director of Centerbridge Partners, L.P.,
added: "We would like to thank the management team and employees
of Champion for their efforts throughout the sale process.  With a
recapitalized balance sheet and a highly regarded management team
to lead our efforts, we believe that the new Champion is now
better positioned than ever to succeed by meeting the needs of its
diversified customer base."

                    About Champion Enterprises

Troy, Michigan-based Champion Enterprises, Inc., and its
subsidiaries are international manufacturers of factory-built
homes and steel-framed modular buildings, with operations in the
United States, Canada and the United Kingdom.  Buildings
constructed by Champion and its subsidiaries consist of both
single and multi-module units designed for either commercial or
residential purposes.  Champion products range from single-module
HUD-Code homes to sophisticated commercial structures such as
hotels.

The Company filed for Chapter 11 on November 15, 2009 (Bankr. D.
Del. Case No. 09-14019).  The Company's affiliates also filed
separate bankruptcy petitions.  James E. O'Neill, Esq., Laura
Davis Jones, Esq., Mark M. Billion, Esq., Timothy P. Cairns, Esq.,
at Pachulski Stang Ziehl & Jones LLP, assist Champion in its
restructuring effort.  The Company listed $576,527,000 in assets
and $521,337,000 in liabilities as of October 3, 2009.


CHIQUITA BRANDS: Moody's Raises Corporate Family Rating to 'B2'
---------------------------------------------------------------
Moody's Investors Service has upgraded the corporate family rating
of Chiquita Brands International, Inc., to B2 from B3.  At the
same time, Moody's upgraded the ratings on Chiquita's senior
unsecured notes to Caa1 from Caa2 and the ratings on the senior
secured credit facility of Chiquita Brands LLC, a wholly owned
operating subsidiary of Chiquita, to Ba2 from Ba3.  The ratings
outlook is stable.

The rating upgrades reflect Chiquita's improved profitability,
reduced financial leverage and solid liquidity profile.
Chiquita's focus on sustainable profitability enhancements coupled
with the progress in reducing its exposure to unprofitable
contracts, primarily related to foodservice customers, has driven
a marked turnaround in its U.S. salad business.  The ongoing
improvement is expected to support cash flow generation and debt
reduction initiatives while decreasing the company's reliance on
its core banana business.

The B2 rating reflects Chiquita's modest financial leverage and
incorporates the scale, profitability and brand equity of its
banana business (close to 60% of consolidated revenues).  However,
the volatility and low margins inherent in its international
banana business, given its commodity-like attributes and a highly
competitive operating environment, weigh on ratings.  Further, the
rating acknowledges the sizeable risks associated with a potential
unfavorable outcome in any of the pending lawsuits, including
Colombia related matters, and ongoing regulatory investigations.

Despite ongoing litigation risks and uncertainties, Chiquita's
solid credit metrics (notably expected improvement in cash
generation and the maintenance of higher unrestricted cash
balances) support the stable ratings outlook.  Additionally,
Moody's anticipates the company's liquidity profile to remain good
throughout the near term benefiting from an undrawn $150 million
revolver ($22 million of letters of credit outstanding) and ample
headroom under financial covenants.  A material settlement to any
litigation issues that stresses existing covenant headroom,
requires meaningful revolver borrowings and/or consumes cash
balances could have negative rating implications.  Given the
magnitude of external factors inherently affecting the business
(e.g. weather, litigation, regulation, and input costs), Moody's
expects the company to maintain consistently strong intrinsic
liquidity and conservative credit metrics.

These ratings were upgraded:

Chiquita Brands International, Inc.:

  -- Corporate family rating to B2 from B3;

  -- Probability of default rating to B2 from B3;

  -- $167 million 7.5% senior unsecured notes due 2014 to Caa1
     (LGD5, 82%) from Caa2 (LGD5, 82%); and

  -- $179 million 8.875% senior unsecured notes due 2105 to Caa1
     (LGD5, 82%) from Caa2 (LGD5, 82%).

Chiquita Brands, LLC:

  -- $150 million senior secured revolving credit agreement due
     2014 to Ba2 (LGD2, 12%) from Ba3 (LGD2, 12%); and

  -- $183 million senior secured term loan due 2014 to Ba2 (LGD2,
     12%) from Ba3 (LGD2, 12%).

The last rating action for Chiquita was the change in the rating
outlook to stable from negative on March 30, 2009.

Chiquita, based in Cincinnati, Ohio, is a leading international
marketer and distributor of bananas and other fresh produce in
over 80 countries and a producer of packaged salads under the
fresh direct brand name primarily in the United States.  Total
sales for 2009 were $3.5 billion.


CHRYSLER LLC: New Chrysler Recalls 300 Workers in Indiana
---------------------------------------------------------
More than 300 laid-off employees were called to return to their
jobs at Chrysler's plants in Kokomo, Indiana, according to a
report by Kokomo Perspective.

Rich Boruff, president of United Auto Workers Local 685, said
about 250 non-skilled workers and 53 skilled trade workers were
being recalled to jobs.  He said the recalls are connected to
increased demand for the six-speed transmission made at the
plants.

About 140 workers are scheduled to return on March 22 while 175
returned to work at the Kokomo plants on Monday, according to a
March 10 report by Indianapolis Star.

Mr. Boruff estimated that less than 200 unskilled workers remain
without jobs after the recall.

                     About Chrysler Group LLC

Chrysler Group LLC, formed in 2009 from a global strategic
alliance with Fiat Group, produces Chrysler, Jeep(R), Dodge, Ram
Truck, Mopar(R) and Global Electric Motorcars (GEM) brand vehicles
and products.  Headquartered in Auburn Hills, Michigan, Chrysler
Group LLC's product lineup features some of the world's most
recognizable vehicles, including the Chrysler 300, Jeep Wrangler
and Ram Truck.  Fiat will contribute world-class technology,
platforms and powertrains for small- and medium-sized cars,
allowing Chrysler Group to offer an expanded product line
including environmentally friendly vehicles.

                        About Chrysler LLC

Chrysler LLC and 24 affiliates on April 30 sought Chapter 11
protection from creditors (Bankr. S.D.N.Y (Mega-case), Lead Case
No. 09-50002).  Chrysler hired Jones Day, as lead counsel; Togut
Segal & Segal LLP, as conflicts counsel; Capstone Advisory Group
LLC, and Greenhill & Co. LLC, for financial advisory services; and
Epiq Bankruptcy Solutions LLC, as its claims agent.  Chrysler has
changed its corporate name to Old CarCo following its sale to a
Fiat-owned company.  As of December 31, 2008, Chrysler had
$39,336,000,000 in assets and $55,233,000,000 in debts.  Chrysler
had $1.9 billion in cash at that time.

In connection with the bankruptcy filing, Chrysler reached an
agreement with Fiat SpA, the U.S. and Canadian governments and
other key constituents regarding a transaction under Section 363
of the Bankruptcy Code that would effect an alliance between
Chrysler and Italian automobile manufacturer Fiat.  Under the
terms approved by the Bankruptcy Court, the company formerly known
as Chrysler LLC on June 10, 2009, formally sold substantially all
of its assets, without certain debts and liabilities, to a new
company that will operate as Chrysler Group LLC.  Fiat has a 20
percent equity interest in Chrysler Group.

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


CHRYSLER LLC: Canadian Dealers Keen on U.S. Style Incentives
------------------------------------------------------------
Canadian dealers of Chrysler vehicles are keen about using a cash-
reward program being offered to their counterparts in the United
States for improving customer service and dealerships, Windsor
Star reports.

"We encourage and welcome to try it especially if there's a
positive spinoff," Leo Racicot Jr., general manager of
Amherstburg-based Racicot Chrysler told Windsor Star.  He said
dealers could use an incentive that offers cash and the
opportunity to improve their business.

"I think that anything that allows us to improve on our dealership
is a great idea.  Sometimes we think that we are okay with the way
things are until our eyes get opened by someone or some program
like this," Windsor Star quoted him as saying.

Chrysler Group LLC began offering the cash-reward program for its
U.S.-based dealers late last year, and has not extended it yet to
the Canadian dealers.

Under the program, dealers who sell 1,800 vehicles annually can
earn up to $200,000 per quarter if they score 600 points on a
1,000-point scale.  Meanwhile, dealers who sell fewer than 50 a
year can earn $4,500 per quarter by hitting 600 points.

David Kelleher, secretary of the Chrysler National Dealer Council
in the U.S. predicted the program will also be offered to the
Canadian dealers.

"They have a very strong network.  Often Canadian dealers are the
only ones who have a decent year," Mr. Kelleher told Windsor Star.

Tony Faria, business professor at the University of Windsor, said
the cash program would have a significant impact on a dealership's
net income.

"A program of that nature can work.  If there are incentives of
some sort, presumably you can get dealerships moving in their
direction," Windsor Star quoted Mr. Faria as saying.  He added
there is no reason why it would not also work for dealerships in
Canada.

"They're not appreciably different.  They're handling the same
vehicles and going after consumers in much the same fashion," Mr.
Faria pointed out.

Mary Gauthier, Chrysler Canada spokeswoman, said, however, that
the auto maker does not have anything similar to announce, Windsor
Star reported.

"Our situation, our market in Canada is different.  We're always
looking to enhance the dealership experience and right now we have
great incentives for consumers including some great financing
offers," Windsor Star quoted her as saying.

                     About Chrysler Group LLC

Chrysler Group LLC, formed in 2009 from a global strategic
alliance with Fiat Group, produces Chrysler, Jeep(R), Dodge, Ram
Truck, Mopar(R) and Global Electric Motorcars (GEM) brand vehicles
and products.  Headquartered in Auburn Hills, Michigan, Chrysler
Group LLC's product lineup features some of the world's most
recognizable vehicles, including the Chrysler 300, Jeep Wrangler
and Ram Truck.  Fiat will contribute world-class technology,
platforms and powertrains for small- and medium-sized cars,
allowing Chrysler Group to offer an expanded product line
including environmentally friendly vehicles.

                        About Chrysler LLC

Chrysler LLC and 24 affiliates on April 30 sought Chapter 11
protection from creditors (Bankr. S.D.N.Y (Mega-case), Lead Case
No. 09-50002).  Chrysler hired Jones Day, as lead counsel; Togut
Segal & Segal LLP, as conflicts counsel; Capstone Advisory Group
LLC, and Greenhill & Co. LLC, for financial advisory services; and
Epiq Bankruptcy Solutions LLC, as its claims agent.  Chrysler has
changed its corporate name to Old CarCo following its sale to a
Fiat-owned company.  As of December 31, 2008, Chrysler had
$39,336,000,000 in assets and $55,233,000,000 in debts.  Chrysler
had $1.9 billion in cash at that time.

In connection with the bankruptcy filing, Chrysler reached an
agreement with Fiat SpA, the U.S. and Canadian governments and
other key constituents regarding a transaction under Section 363
of the Bankruptcy Code that would effect an alliance between
Chrysler and Italian automobile manufacturer Fiat.  Under the
terms approved by the Bankruptcy Court, the company formerly known
as Chrysler LLC on June 10, 2009, formally sold substantially all
of its assets, without certain debts and liabilities, to a new
company that will operate as Chrysler Group LLC.  Fiat has a 20
percent equity interest in Chrysler Group.

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


CITADEL BROADCASTING: Bank Debt Trades at 14% Off
-------------------------------------------------
Participations in a syndicated loan under which Citadel
Broadcasting Corporation is a borrower traded in the secondary
market at 86.30 cents-on-the-dollar during the week ended Friday,
March 19, 2010, according to data compiled by Loan Pricing Corp.
and reported in The Wall Street Journal.  This represents an
increase of 2.91 percentage points from the previous week, The
Journal relates.  Citadel pays 175 basis points above LIBOR to
borrow under the loan facility, which matures on June 1, 2014.
Moody's has withdrawn its rating, while Standard & Poor's has
assigned a default rating, on the bank debt.  The debt is one of
the biggest gainers and losers among 195 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday.

Citadel Broadcasting Corporation (OTC BB: CTDB) --
http://www.citadelbroadcasting.com/-- is the third largest radio
group in the United States, with a national footprint reaching
more than 50 markets. Citadel is comprised of 166 FM stations and
58 AM stations in the nation's leading markets, in addition to
Citadel Media, which is one of the three largest radio networks in
the United States.

Citadel Broadcasting filed for Chapter 11 with 50 affiliates on
Dec. 20, 2009, in Manhattan (Bankr. S.D.N.Y. Case No. 09-17422).
The Company listed assets of $1.4 billion and debt of $2.5 billion
in its Chapter 11 filing.  Kirkland & Ellis LLP is serving as
legal counsel and Lazard Freres & Co. LLC.  As financial advisor
for the restructuring.  Kurtzman Carson Consultants is serving as
claims and notice agent.

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


CLOSET WORLD: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Closet World, Inc.
        3860 Capitol Avenue
        Whittier, CA 90601

Bankruptcy Case No.: 10-19972

Chapter 11 Petition Date: March 18, 2010

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

Judge: Richard M. Neiter

Debtor's Counsel: Christopher S. Reeder, Esq.
                  Reeder Lu & Green LLP
                  2121 Ave of the Stars, Ste 950
                  Los Angeles, CA 90067
                  Tel: (310) 270-9300
                  Fax: (310) 270-9301
                  Email: creeder@reederlugreen.com

                  Julian I. Gurule, Esq.
                  10100 Santa Monica Blvd, Ste 1450
                  Los Angeles, CA 90067
                  Tel: (310) 552-3100
                  Fax: (310) 552-3101
                  Email: jgurule@pwkllp.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/cacb10-19972.pdf

The petition was signed by Gerard A. Thompson, senior vice
president & CFO of the Company.


COFFEYVILLE RESOURCES: S&P Assigns 'BB-' Ratings on Senior Notes
----------------------------------------------------------------
Standard & Poor's Ratings Services assigned 'BB-' ratings to
Coffeyville Resources LLC's new senior secured term notes based on
the preliminary terms and conditions of the offering memorandum.
At the same time S&P assigned a '1' recovery rating to the senior
secured facilities, indicating S&P's expectation for a full
recovery of principal in a payment default.  S&P affirmed all the
ratings, including the 'B' corporate credit rating on the Kansas-
based petroleum refiner.  The outlook is stable.

The ratings on Coffeyville are based on S&P's 'weak' business
profile and 'aggressive' financial profile assessment.  S&P's
analysis follows the announced plans to issue about $250 million
in first lien debt and $250 million in second lien debt to
refinance its existing first lien term loan, and the amendment of
Coffeyville's credit agreement including a relaxation of leverage
and interest financial covenants.  As of Dec. 31, 2009, there was
$479.5 million of debt outstanding under the company's secured
term loan due 2013 and $6.7 million in other long-term
liabilities.  As a result of subsequent discretionary
amortization, the term loan balance fell to $453.3 million as of
Feb. 26, 2010.  The company also had $114 million available under
its senior secured revolving credit facility.


COLEMAN CABLE: Moody's Affirms Corporate Family Rating at 'B2'
--------------------------------------------------------------
Moody's Investors Service affirmed Coleman Cable, Inc.'s B2
corporate family rating, the B2 probability-of-default rating, and
the B3 rating on the 9.0% senior notes due 2018.  This rating
action was prompted by the company's announcement that it plans to
issue $40 million of senior add-on notes, bringing the total
amount of senior notes to $275 million from $235 million.  The
company plans to use proceeds from the add-on notes for the
repayment of debt, general corporate purposes, and acquisitions.
As part of this action, Moody's also affirmed the SGL-2
speculative grade liquidity rating.  The ratings outlook remains
stable.

The ratings affirmation reflects Moody's view that Coleman's
credit profile remains consistent with the B2 ratings category,
even as the proposed add-on senior notes increase pro forma
financial leverage to 5.4 times from 4.7 times as of December 31,
2009 (including Moody's standard analytical adjustments).

These ratings were affirmed:

  -- Corporate family rating at B2;

  -- Probability-of-default rating at B2;

  -- $275 million senior unsecured notes due 2018 at B3.  Point
     estimate revised to (LGD4, 64%) from (LGD4, 66%);

  -- Speculative Grade Liquidity rating at SGL-2.

The stable ratings outlook incorporates Moody's expectation that a
likely recovery in Coleman's product volumes should translate into
improved financial performance and credit metrics over the near-
term.

The last rating action was on January 20, 2010, when Moody's
assigned a B3 rating to Coleman's then proposed $235 million
senior notes due 2018.  As part of this action, Moody's also
affirmed the company's B2 corporate family and probability-of-
default ratings, and the SGL-2 speculative grade liquidity rating.

Headquartered in Waukegan, Illinois, Coleman Cable, Inc., is a
leading designer, developer, manufacturer and supplier of
electrical wire and cable products for consumer, commercial and
industrial applications, with operations primarily in the United
States.  The company reported sales of $504 million for the
fiscal-year ended December 31, 2009.


COLEMAN CABLE: S&P Affirms Rating on Senior Notes at 'B'
--------------------------------------------------------
Standard & Poor's Ratings Services said that it is affirming its
'B' issue-level rating on Waukegan, Ill.-based Coleman Cable
Inc.'s senior notes after the company announced that it is
planning to offer $40 million 9% senior notes due 2018.  These
notes are an add-on to the $235 million of senior notes the
company issued on Feb. 3, 2010.  The '5' recovery rating is
unchanged and indicates S&P's expectation for modest (10%-30%)
recovery in the event of a payment default.  Proceeds from the
proposed notes will be used for general corporate purposes.

Coleman's corporate credit rating is 'B+' and remains unchanged.
The outlook is stable.  Coleman designs, manufactures, and
supplies wire and cable products for a variety of construction,
industrial, and consumer markets.  Debt outstanding pro forma for
the proposed transaction totaled about $275 million at Dec. 31,
2009.

Coleman's ratings reflect the highly competitive nature of the
wire-and-cable manufacturing industry, the company's modest
operating scale, its exposure to volatile raw-material costs, and
its aggressive financial profile.  The company's diversified
branded product set, long-term distributor relationships, and
solid liquidity partially offset these factors.

                           Ratings List

                         Coleman Cable Inc.

           Corporate Credit Rating          B+/Stable/--

                         Ratings Affirmed

              $275 million senior notes due 2018  B
               Recovery Rating                    5


COLONIAL PROPERTIES: S&P Affirms 'BB+' Corporate Credit Rating
--------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB+' corporate
credit rating on Colonial Properties Trust.  At the same time, S&P
affirmed its 'BB+' issue-level rating and '3' recovery rating on
the company's $745 million senior unsecured notes, indicating its
expectation for a meaningful (50%-70%) recovery in the event of a
payment default.  The outlook is stable.

"S&P's ratings on Colonial reflect the company's comparatively
young portfolio of good quality secondary market apartment units
and commercial properties, weaker but stable coverage measures,
and improved leverage position," said credit analyst Eugene
Nusinzon.  "S&P also acknowledge the company's adequate liquidity
profile, manageable near-term debt maturity schedule, reduced off-
balance-sheet arrangements, and reduced development exposure.
However, secured debt levels have risen and S&P expect apartment
fundamentals to remain choppy in most of Colonial's key markets
through 2010."

S&P expects Colonial's continued focus on deleveraging and planned
equity funded acquisitions to somewhat offset anticipated weak
operating fundamentals this year.  S&P also expect the company to
maintain an adequate liquidity position and to continue to cover
all fixed charges with funds from operations.  S&P would consider
a downgrade if revenue declines and pushes the company's fixed-
charge coverage below the 1.6x level contemplated in S&P's
scenario analysis or if dividend coverage falls below 1.0x.  S&P's
expectation for weak operating conditions in the near-term
precludes upward rating momentum at this time.  However, S&P would
consider an upgrade if the company profitably completes its
portfolio repositioning and improves its liquidity position and if
the company strengthens and maintains debt service coverage and
fixed-charge coverage above 2.0x and 1.8x, respectively.


COMMUNITY HEALTH: Bank Debt Trades at 4% Off in Secondary Market
----------------------------------------------------------------
Participations in a syndicated loan under which Community Health
Systems, Inc., is a borrower traded in the secondary market at
95.64 cents-on-the-dollar during the week ended Friday, March 19,
2010, according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  This represents an increase
of 0.80 percentage points from the previous week, The Journal
relates.  The Company pays 225 basis points above LIBOR to borrow
under the facility.  The bank loan matures on May 1, 2014, and
carries Moody's Ba3 rating and Standard & Poor's BB rating.  The
debt is one of the biggest gainers and losers among 195 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

Based in Franklin, Tennessee, Community Health Systems, Inc. --
http://www.chs.net/-- is the largest publicly traded operator of
hospitals in the United States in terms of number of facilities
and net operating revenues.  The company provides healthcare
services through these hospitals that it owns and operates in non-
urban and selected urban markets throughout the United States.
The company also owns and operates home health agencies, including
four home health agencies located in markets where it does not
operate a hospital.  Through its wholly owned subsidiary, Quorum
Health Resources, LLC, the company provides management and
consulting services to non-affiliated general acute care hospitals
located throughout the United States.


CONGOLEUM CORP: Files 10-K; Posts $15.2 Million Net Loss
--------------------------------------------------------
On March 19, 2010, Congoleum Corporation filed its annual report
on Form 10-K for the year ended December 31, 2009.

The Company reported a net loss of $15.2 million on $134.9 million
of revenue for the year ended December 31, 2009, compared with a
net loss of $14.6 million on $172.6 million of revenue for 2008.

The Company's balance sheet as of Dec. 31, 2009, showed
$163.7 million in assets and $254.0 million of debts, for a
stockholders' deficit of $90.3 million.

A full-text copy of the annual report is available for free at:

                   http://researcharchives.com/t/s?5b55

                   About Congoleum Corporation

Based in Mercerville, New Jersey, Congoleum Corporation
(PINKSHEETS: CGMCQ) -- http://www.congoleum.com/-- manufactures
resilient sheet and tile and plank flooring products available in
a wide variety of product features, designs and colors.

The Company filed for Chapter 11 protection on December 31, 2003
(Bankr. D. N.J. Case No. 03-51524) as a means to resolve claims
asserted against it related to the use of asbestos in its products
decades ago.  Richard L. Epling, Esq., Robin L. Spear, Esq., and
Kerry A. Brennan, Esq., at Pillsbury Winthrop Shaw Pittman LLP,
and Paul S. Hollander, Esq., and James L. DeLuca, Esq., at Okin,
Hollander & DeLuca, LLP, represent the Debtors.

The Asbestos Claimants' Committee is represented by Peter Van N.
Lockwood, Esq., and Ronald Reinsel, Esq., at Caplin & Drysdale,
Chtd.  The Bondholders' Committee is represented by Michael S.
Stamer, Esq., and James R. Savin, Esq., at Akin Gump Strauss Hauer
& Feld LLP.  Nancy Isaacson, Esq., at Goldstein Isaacson, PC,
represents the Official Committee of Unsecured Creditors.

R. Scott Williams, Esq., at Haskell Slaughter Young & Rediker,
LLC, the Court-appointed Futures Claimants Representative, is
represented by Roger Frankel, Esq., Richard Wyron, Esq., and
Jonathan P. Guy, Esq., at Orrick Herrington & Sutcliffe LLP, and
Stephen B. Ravin, Esq., at Forman Holt Eliades & Ravin LLC.

American Biltrite, Inc. (AMEX: ABL), which owns 55% of Congoleum,
is represented by Matthew Ward, Esq., Mark S. Chehi, Esq.,
Christopher S. Chow, Esq., and Matthew P. Ward, Esq., at Skadden
Arps Slate Meagher & Flom.

Various entities have filed bankruptcy plans for the Debtors.  In
February 2008, the legal representative for future asbestos-
related claimants; the asbestos claimants' committee; the official
Committee of holders of the Company's 8-5/8 % Senior Notes due
August 1, 2008; and Congoleum jointly filed a joint plan of
reorganization.  Various objections to the Joint Plan were filed.
In June 2008, the Bankruptcy Court issued a ruling that the Joint
Plan was not legally confirmable.

In August 2008, the Bondholders' Committee, the ACC, the FCR,
representatives of holders of prepetition settlements and
Congoleum entered into a term sheet describing the proposed
material terms of a new plan of reorganization and a settlement of
avoidance litigation with respect to prepetition claim settlement.
Certain insurers and a large bondholder filed objections to the
Litigation Settlement or reserved their rights to object to
confirmation of the Amended Joint Plan.  The Bankruptcy Court
approved the Litigation Settlement in October 2008.  The Amended
Joint Plan was filed in November 2008.

In January 2009, certain insurers filed a motion for summary
judgment seeking denial of confirmation of the Amended Joint Plan.
On February 26, 2009, the Bankruptcy Court rendered an opinion
denying confirmation of the Amended Joint Plan.  Moreover, the
Bankruptcy Court dismissed Congoleum's bankruptcy case.

On February 27, 2009, Congoleum and the Bondholders' Committee
appealed the Order of Dismissal and the ruling denying plan
confirmation to the U.S. District Court for the District of New
Jersey.  The District Court overturned the dismissal order, and
assumed jurisdiction of the bankruptcy proceedings.


CONSTANTINE KERASIOTES: Case Summary & 14 Largest Unsec. Creditors
------------------------------------------------------------------
Debtor: Constantine Steven Kerasiotes
        1202 Steuben Court
        Odenton, MD 21113

Bankruptcy Case No.: 10-15748

Chapter 11 Petition Date: March 19, 2010

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

Judge: Duncan W. Keir

Debtor's Counsel: Daniel M. Press, Esq.
                  Chung & Press, P.C.
                  6718 Whittier Ave., Ste. 200
                  McLean, VA 22101
                  Tel: (703) 734-3800
                  Fax: (703) 734-0590
                  Email: dpress@chung-press.com

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

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

According to the schedules, the Company has assets of $2,784,706,
and total debts of $3,843,873.

A list of the Company's 14 largest unsecured creditors is
available for free at:

             http://bankrupt.com/misc/mdb10-15748.pdf

The petition was signed by Constantine Steven Kerasiotes.


COUNTRY IMPORTED: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Country Imported Car Corp.
            dba BMW of The Hamptons
            dba MINI of The Hamptons
         35 Montauk Highway
         Southampton, NY 11968

Bankruptcy Case No.: 10-71817

Chapter 11 Petition Date: March 17, 2010

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

Judge: Alan S. Trust

Debtor's Counsel: John Westerman, Esq.
                  Westerman Ball Ederer Miller & Sharfstei
                  1201 RXR Plaza
                  Uniondale, NY 11556
                  Tel: (516) 622-9200
                  Fax: (516) 622-9212
                  Email: jwesterman@westermanllp.com

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

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.

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


CRDENTIA CORP: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Crdentia Corp.
          fka LIfen, Inc.
        1964 Howell Branch Road, Suite 206
        Winter Park, FL 32792

Bankruptcy Case No.: 10-10926

About the Company: Headquartered in Winter Park, Florida, Crdentia
                   Corp. provides healthcare staffing services.
                   Crdentia built a healthcare staffing company by
                   acquiring 12 companies between 2003 and 2008.
                   Crdentia provides healthcare staffing services
                   to more 1,000 hospital, government, clinic,
                   nursing home, and home care clients in five
                   states.

Chapter 11 Petition Date: March 17, 2010

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Debtor's Counsel: Jamie Lynne Edmonson, Esq.
                  Bayard PA
                  222 Delaware Avenue
                  Wilmington, DE 19801
                  Tel: (302) 429-4234
                  Fax: (302) 658-6395
                  Email: jedmonson@bayardlaw.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/deb10-10926.pdf

The petition was signed by Rebecca Irish, chief financial officer,
treasury & secretary of the Company.

Debtor-affiliate that filed separate Chapter 11 petition:
                                                    Petition
Debtor                                 Case No.      Date
------                                 --------      ----
ATS Universal, LLC                     10-10927     3/17/10
  fka ATS Health Services
  Dba South Queens Kentuck Fried Chicken
  Assets: $0 to $50,000
  Debts:  $10 million to $50 million


CVR ENERGY: Moody's Upgrades Corporate Family Rating to 'B1'
------------------------------------------------------------
Moody's Investors Service upgraded CVR Energy, Inc.'s Corporate
Family Rating to B1 from B2, Probability of Default Rating to B1
from B2, its bank revolver to Ba3 (LGD 2; 29%) from B2 (LGD 3;
31%) and affirmed CVR's SGL-3 Speculative Grade Liquidity rating.
Moody's also assigned a Ba3 (LGD 2; 29%) rating to CVR's pending
$250 million offering of first lien senior secured notes due 2010
and a B3 (LGD 5; 79%) rating to its pending $250 million of second
lien senior secured notes due 2017.  Importantly, the note and
revolver ratings assume the issuance of $250 million in second
lien senior notes.  The rating outlook is stable.

Note proceeds will be used to repay CVR's remaining $453.3 million
(at February 28, 2010) Tranche D first secured Term Loan balance.
Moody's will withdraw the B2 term loan rating upon its retirement.
The bank revolver is first secured by all working capital and
second secured by fixed assets.  The first lien notes are first
secured on fixed assets and second secured on working capital.
The second lien notes would be third in line behind each creditor
on each asset class if CVR replaced its current secured corporate
revolver with an asset-based borrowing base revolver.

In spite of a continuing serious sector downturn, the new ratings
reflect CVR's consistent sound, though reduced, earnings during
the down-cycle, the earnings benefit and diversification provided
by CVR's low cost internally generated petroleum coke gas-fired
fertilizer business, favorable inland location and ample access to
somewhat discounted crude oil feed, and the added earnings power
and complexity of the Coffeyville refinery after the completion of
several years of substantial upgrading capital spending.

CVR reduced leverage on complexity barrels due both to increased
complexity capacity after capital spending and reduced debt.
Comparatively low expected capital spending in 2010 and 2011
relative to expected cash flow leaves room for further debt
reduction.

The ratings are restrained by CVR's comparatively small scale and
low level of risk diversification as a single stand-alone
refinery; very difficult sector conditions expected during the
2010 and 2011; significant leverage when weighed against the fact
that a standalone refinery is exposed to inherent significant
unscheduled downtime risk; potential forthcoming increased capital
outlays if CVR proceeds with a potential fertilizer expansion; the
reduced fuel cost advantage of CVR's fertilizer business during
current times of reduced natural gas prices, high fixed costs in
the fertilizer unit, and likelihood that CVR will remain in an
acquisition mode to reduce portfolio risk.

The diversification benefit provided by the fertilizer business is
also reduced to a degree by the fact that the refinery must be

A further restraint is that CVR may eventually convert its
fertilizer business to a Master Limited Partnership.

However, Moody's believe CVR would remain a disciplined acquirer.
Its ratings incorporate the expectation that any acquisitions
would be of a suitably attractive refinery, that an added refinery
would diversify key operating risks, and that it would be amply
funded with equity relative to reasonable cash flow expectations
and the complexity barrels purchased.

Furthermore, though operating only one refinery, downtime risk is
moderated to a degree by process redundancy in key units:
atmospheric and vacuum distillation, the coker, distillate
hydrotreating and sulfur recovery, and in sources of essential
hydrogen.

After $521 million invested in its refinery since 2005, including
capacity expansion, a new continuous catalytic reformer, CVR's
completion of CVR's future non-acquisition capital spending plans
over the medium term are modest enough to allow for free cash flow
generation under reasonably anticipated sector conditions with the
potential for debt reduction.  The company states that it may
reduce debt by $25 million or more during 2010.

CVR's EBIT / Throughput Barrels, EBIT / Interest Expense, and
Retained Cash Flow / Debt metrics have been comparatively strong
during the down-cycle, mapping to Ba and investment grade levels,
and its Debt / Complexity Barrels has fallen and crossed into
investment grade territory.  CVR's gathering system captures crude
cost advantages and it regional location and upgrading capacity
add further margin power to its throughput.

CVR reports that it had boosted its Nelson Complexity Index to
12.2 by the end of 2009 from 9.5 in 2005 and that it believes it
will increase further to 12.9 by mid-2010.  CVR yields a
comparatively high 92% proportion of total output as high value
gasoline and diesel.  Its new continuous catalytic reformer,
coking capacity, expanded cracking capacity and completion of low
sulfur gasoline and ultra-low sulfur diesel capacity have also
reduced its proportion of low premium gasoline and boosted the
proportion of premium gasoline.

The last rating action on CVR was on December 5, 2007, when
Moody's upgraded its Corporate Family Rating from Caa1 to B2,
senior first secured debt ratings from Caa1 (LGD 3; 31%) to B2
(LGD 3; 31%), Probability of Default rating from Caa2 to B3, and
assigned a stable outlook.

CVR Energy, Inc., is headquartered in Sugar Land, Texas.  It
operates a 115,000 barrel-per-day crude oil refinery in
Coffeyville, located in southeastern Kansas, a fertilizer
production business, and a crude oil gathering system spanning
Kansas, Oklahoma, western Missouri, and eastern Colorado.  CVR
produces a very low level of premium gasoline (to be addressed
with a new) and it carries the higher unit costs of comparatively
low energy and heat efficiency.


DA-LITE SCREEN: Moody's Assigns 'B1' Rating on $105 Mil. Notes
--------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Da-Lite's
proposed $105 million senior unsecured notes due 2015 to be issued
under rule 144a.  Concurrently, Moody's affirmed Da-Lite's B1
Corporate Family and Probability of Default Ratings.  The ratings
outlook remains negative.

Proceeds from the proposed notes will be used to refinance Da-
Lite's existing $98 million 9½% senior unsecured notes due
2011 and pay related fees and transaction expenses.  The new notes
will be general senior unsecured obligations with guarantees by
all existing and future wholly owned domestic subsidiaries.

Da-Lite's B1 corporate family rating reflects its very small
scale, narrow product line and increased competition from low cost
screen manufacturers, both in the U.S. and China, which could
cause longer-term erosion to its market share or pressure
operating margins, especially in smaller sized screens.  However,
the rating also reflects the expectation for good liquidity over
the next twelve months, supported by positive free cash flow and
revolver availability, and solid credit metrics with modest
cushion to absorb further weakening.  The rating also reflects Da-
Lite's well-recognized brand name and leading market share in the
projection screen industry that help drive its double-digit
operating margins.

The negative ratings outlook reflects Moody's concern that weak
economic conditions will continue to negatively impact Da-Lite's
sales volume and profitability, potentially depleting the cushion
under its currently solid credit metrics.

Ratings assigned:

  -- $105 million Senior Unsecured Notes, due 2015, B1 (LGD 4,
     51%)

Ratings affirmed:

  -- Corporate Family Rating at B1

  -- Probability of Default Rating at B1

  -- $98 million Senior Unsecured Notes, due 2011 at B1 (LGD 4,
     51%); to be withdrawn upon completion of the refinancing
     transaction.

  -- SGL-2 Speculative Grade Liquidity Rating

The ratings outlook is negative

The last rating action in Da-Lite occurred on August 31, 2009,
when Moody's affirmed the company's B1 CFR and revised the outlook
to negative from stable.

Da-Lite Screen Company, Inc., headquartered in Warsaw, Indiana, is
a major manufacturer of projection screens which are distributed
worldwide.  Revenues were approximately $130 million for the
fiscal year ended January 1, 2010.


DA-LITE SCREEN: S&P Affirms 'B' Corporate Credit Rating
-------------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its 'B'
corporate credit rating on Warsaw, Ind.-based Da-Lite Screen Co.
Inc.  At the same time, S&P assigned its 'B' issue-level rating to
the proposed $105 million senior unsecured notes due 2015, the
same as the company's corporate credit rating.  The recovery
rating on the proposed senior unsecured notes is '4', indicating
S&P's expectation of average (30% to 50%) recovery in the event of
a payment default or bankruptcy.  The outlook is negative.

S&P expect proceeds from the proposed issuance to be used
primarily to repay Da-Lite's existing $160 million 9.5% senior
unsecured notes due May 15, 2011, which have been reduced to about
$98 million over time through open market repurchases below par.
The company expects to extend its $19.5 million bi-lateral
committed senior unsecured revolving credit facility to May 2012.
S&P's ratings assume the proposed transactions, including the new
notes and revolver extension, close on substantially the same
terms presented to us.  S&P will review the ratings upon receipt
of final documentation.  Upon closing of the proposed notes, S&P
expects to withdraw its ratings on the company's existing senior
unsecured notes, including the 'B' issue and '4' recovery rating.
Pro forma for the proposed transactions, total debt outstanding is
approximately $111 million.

"The ratings on Da-Lite reflect the company's narrow business
focus, expectations for continued weak demand, very modest
liquidity, competitive operating environment, exposure to
technology risk, and potential for profit erosion if commodity
costs increase," said Standard & poor's credit analyst Jerry
Phelan.  "These concerns exist despite the company's good position
in the niche projector screen industry, historically strong,
albeit decreasing, operating margins, and recent cost-cutting
initiatives."

Da-Lite is a narrowly focused manufacturer and marketer of
projection screens and related presentation products primarily
sold to Business/IT, educational, hospitality, and other markets.
The company is the largest player in this niche product category
in North America and Europe, with global market share estimated at
about 35%.  About 85% of sales come from U.S. operations and 15%
from European operations.

S&P is concerned about the fragile economic environment,
discretionary nature of the company's product offering, and
limited liquidity at close, despite cost reductions achieved
during the second half of 2009.  S&P could lower the rating if S&P
believes the company's limited liquidity could become strained due
to a weakening economic environment, perhaps associated with lower
corporate or educational customer spending, an increase in
commodity input costs, or if previous cost cutting initiatives
prove to be unsustainable.  While a rating upgrade is unlikely, an
outlook change to stable from negative over the near term is
possible if sustainable EBITDA expansion leads to an improvement
in liquidity, perhaps due to better than expected demand for Da-
Lite's products or additional cost cutting initiatives.


DEAN FOODS: Bank Debt Trades at 3% Off in Secondary Market
----------------------------------------------------------
Participations in a syndicated loan under which Dean Foods Company
is a borrower traded in the secondary market at 97.05 cents-on-
the-dollar during the week ended Friday, March 19, 2010, according
to data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents an increase of 0.80 percentage
points from the previous week, The Journal relates.  The Company
pays 175 basis points above LIBOR to borrow under the facility.
The bank loan matures on March 22, 2014, and carries Moody's Ba3
rating and Standard & Poor's BB rating.  The debt is one of the
biggest gainers and losers among 195 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday.

Dean Foods Company is the largest processor and distributor of
milk and various other dairy products in the United States, with
dairy operations accounting for around 79% of its net sales in
FY2008.  The company also markets and sells a variety of branded
dairy and dairy-related products including, Silk soymilk and
cultured soy products, Horizon Organic dairy products,
International Delight coffee creamers and LAND O'LAKES creamers
and fluid dairy products.  Headquartered in Dallas, Texas, Dean
Foods had sales in the last twelve months ending March 31, 2009,
of approximately $12.1 billion.

Dean Foods carries a 'B1' corporate family rating from Moody's.


DEN-6768 LP: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Den-6768, LP
          aka Denny's Round Rock
        c/o Amer Hammoud
        600 Round Rock West Dr., Suite 404
        Round Rock, TX 78681

Bankruptcy Case No.: 10-10717

Chapter 11 Petition Date: March 18, 2010

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

Judge: Craig A. Gargotta

Debtor's Counsel: Barbara M. Barron, Esq.
                  Barron & Newburger, P.C.
                  1212 Guadalupe, #104
                  Austin, TX 78701
                  Tel: (512) 476-9103
                  Fax: (512) 476-9253
                  Email: bbarron@bnpclaw.com

                  Stephen W. Sather, Esq.
                  Barron & Newburger, P.C.
                  1212 Guadalupe, Suite 104
                  Austin, TX 78701
                  Tel: (512) 476-9103 Ext. 220
                  Fax: (512) 476-9253
                  Email: ssather@bnpclaw.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/txwb10-10717.pdf

The petition was signed by Amer J. Hammoud.

Debtor-affiliate that filed separate Chapter 11 petition:
                                                    Petition
  Debtor                               Case No.      Date
  ------                               --------      ----
Den-7300, LP                           10-10720     3/18/10
  aka Denny's Lakeline


DEVELOPMENT CORP: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Development Corporation Viva Burrito
        860 E. 16th Street
        Tucson, AZ 85719

Bankruptcy Case No.: 10-07604

Chapter 11 Petition Date: March 19, 2010

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

Judge: Chief Judge James M. Marlar

Debtor's Counsel: Albert Blankenship, Jr., Esq.
                  2912 N. Tucson Blvd.
                  Tucson, AZ 85716
                  Tel: (520) 881-2300
                  Fax: (520) 326-3599
                  Email: azal@azgalaxyonline.com

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

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

According to the schedules, the Company has assets of $2,111,879,
and total debts of $4,288,722.

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/azb10-07604.pdf

The petition was signed by Juan Beltran.


DEX MEDIA EAST: Bank Debt Trades at 11% Off in Secondary Market
---------------------------------------------------------------
Participations in a syndicated loan under which Dex Media East LLC
is a borrower traded in the secondary market at 89.17 cents-on-
the-dollar during the week ended Friday, March 19, 2010, according
to data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents a drop of 1.81 percentage points
from the previous week, The Journal relates.  The Company pays 250
basis points above LIBOR to borrow under the facility, which
matures on Oct. 24, 2014.  Moody's and Standard & Poor's do not
rate the debt.  The debt is one of the biggest gainers and losers
among 195 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday.

Based in Cary, North Carolina, R.H. Donnelley Corp., fka The Dun &
Bradstreet Corp. (NYSE: RHD) -- http://www.rhdonnelley.com/--
publishes and distributes print and online directories in the U.S.
It offers print directory advertising products, such as yellow
pages and white pages directories.  R.H. Donnelley Inc.; Dex
Media, Inc.; and Local Launch, Inc., are the company's only direct
wholly owned subsidiaries.

Dex Media East, LLC, is a publisher of the official yellow pages
and white pages directories for Qwest Communications International
Inc. (Qwest) in the states, where Qwest is the primary incumbent
local exchange carrier, such as Colorado, Iowa, Minnesota,
Nebraska, New Mexico, North Dakota and South Dakota.

R.H. Donnelley Corp. and 19 of its affiliates, including Dex Media
East LLC, Dex Media West LLC and Dex Media Inc., filed for Chapter
11 protection on May 28, 2009 (Bank. D. Del. Case No. 09-11833
through 09-11852), after missing a $55 million interest payment on
its senior unsecured notes due April 15.  James F. Conlan, Esq.,
Larry J. Nyhan, Esq., Jeffrey C. Steen, Esq., Jeffrey E. Bjork,
Esq., and Peter K. Booth, Esq., at Sidley Austin LLP, in Chicago,
Illinois represent the Debtors in their restructuring efforts.
Edmon L. Morton, Esq., and Robert S. Brady, Esq., at Young,
Conaway, Stargatt & Taylor LLP, in Wilmington, Delaware, serve as
the Debtors' local counsel.  The Debtors' financial advisor is
Deloitte Financial Advisory Services LLP while its investment
banker is Lazard Freres & Co. LLC.  The Garden City Group, Inc.,
is claims and noticing agent.

As of March 31, 2009, the Company had $929,829,000 in total assets
and $1,023,526,000 in total liabilities, resulting in $93,697,000
in total shareholders' deficit.

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


DEX MEDIA WEST: Bank Debt Trades at 5% Off in Secondary Market
--------------------------------------------------------------
Participations in a syndicated loan under which Dex Media West LLC
is a borrower traded in the secondary market at 95.21 cents-on-
the-dollar during the week ended Friday, March 19, 2010, according
to data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents a drop of 0.73 percentage points
from the previous week, The Journal relates.  The Company pays 450
basis points above LIBOR to borrow under the facility, which
matures on Oct. 24, 2014.  Moody's and Standard & Poor's do not
rate the debt.  The debt is one of the biggest gainers and losers
among 195 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday.

Dex Media West LLC is a subsidiary of Dex Media West, Inc., and an
indirect wholly owned subsidiary of Dex Media, Inc.  Dex Media is
a direct wholly owned subsidiary of R.H. Donnelley Corporation.
Dex Media West is the exclusive publisher of the official yellow
pages and white pages directories for Qwest Corporation, the local
exchange carrier of Qwest Communications International Inc., in
Arizona, Idaho, Montana, Oregon, Utah, Washington, and Wyoming.

R.H. Donnelley Corp. and 19 of its affiliates, including Dex Media
East LLC, Dex Media West LLC and Dex Media Inc., filed for Chapter
11 protection on May 28, 2009 (Bank. D. Del. Case No. 09-11833
through 09-11852), after missing a $55 million interest payment on
its senior unsecured notes due April 15.  James F. Conlan, Esq.,
Larry J. Nyhan, Esq., Jeffrey C. Steen, Esq., Jeffrey E. Bjork,
Esq., and Peter K. Booth, Esq., at Sidley Austin LLP, in Chicago,
Illinois represent the Debtors in their restructuring efforts.
Edmon L. Morton, Esq., and Robert S. Brady, Esq., at Young,
Conaway, Stargatt & Taylor LLP, in Wilmington, Delaware, serve as
the Debtors' local counsel.  The Debtors' financial advisor is
Deloitte Financial Advisory Services LLP while its investment
banker is Lazard Freres & Co. LLC.  The Garden City Group, Inc.,
is claims and noticing agent.

As of March 31, 2009, the Company had $929,829,000 in total assets
and $1,023,526,000 in total liabilities, resulting in $93,697,000
in total shareholders' deficit.

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


DIAMOND DISTRIBUTION: Case Summary & 20 Largest Unsec. Creditors
----------------------------------------------------------------
Debtor: Diamond Distribution, Inc.
        1667Mt. Vernon
        Pomona, CA 91768

Bankruptcy Case No.: 10-20208

Chapter 11 Petition Date: March 19, 2010

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

Judge: Alan M. Ahart

Debtor's Counsel: Mark E. Brenner, Esq.
                  7009 Owensmouth, Ste 201
                  Canoga Park, CA 91303
                  Tel: (818) 313-9966
                  Email: mb@brennerlex.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/cacb10-20208.pdf

The petition was signed by Jose Castellanos, CEO of the Company.


DORIT EDEN: Case Summary & 1 Largest Unsecured Creditor
-------------------------------------------------------
Debtor: Dorit Eden
        9143 St. Ives Drive
        Los Angeles, CA 90069

Bankruptcy Case No.: 10-20047

Chapter 11 Petition Date: March 18, 2010

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

Judge: Thomas B. Donovan

Debtor's Counsel: Robert S. Altagen, Esq.
                  Law Offices of Robert S. Altagen
                  1111 Corporate Ctr Dr #201
                  Monterey Park, CA 91754
                  Tel: (323) 268-9588
                  Fax: (323) 268-8742
                  Email: rsaink@earthlink.net

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

Estimated Debts: 500,001 to $1,000,000

According to the schedules, the Company has assets of $1,304,000
and total debts of $831,450.

The Debtor identified Bank of America with debt claim for $19,936
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/cacb10-20047.pdf

The petition was signed by Ms. Eden.


DOT VN: Posts $1.4 Million Net Loss in Q3 Ended January 31
----------------------------------------------------------
Dot VN, Inc., filed its quarterly report on Form 10-Q, showing a
net loss of $1.4 million on $225,311 of revenue for the three
months ended January 31, 2010, compared with a net loss of
$918,870 on $190,985 of revenue for the same period of 2009.

The Company's balance sheet as of Dec. 31, 2009, showed
$2.5 million in assets and $10.0 million of debts, for a
stockholders' deficit of $7.5 million.

Chang G. Park, CPA, in San Diego, Calif., expressed substantial
doubt about the Company's ability to continue as a going concern.
Mr. Park noted of the Company's losses from operations.

A full-text copy of the annual report is available for free at:

               http://researcharchives.com/t/s?5b2b

San Diego, Calif.-based Dot VN, Inc. is an Internet and
telecommunications company focused on the Vietnamese market and is
a leading domain name registrar of Vietnam's country code Top
Level Domain '.vn' and a leading provider of services that enable
businesses and individuals to establish, maintain and evolve an
online presence in Vietnam.


DOWNEY REGIONAL: Defaults Under Healthcare Finance DIP Facility
---------------------------------------------------------------
netDockets says Healthcare Finance Group, LLC, on March 19, 2010,
filed a notice with the Bankruptcy Court asserting that Downey
Regional Medical Center-Hospital, Inc. had defaulted on its
debtor-in-possession financing agreements in multiple ways.
Healthcare Finance Group is the administrative and collateral
agent for Downey's DIP lenders.

According to netDockets, the notice asserts six separate defaults
are outstanding:

     1. Downey's cumulative net cash flow violated applicable
        covenants.  The DIP Agent alleges that Downey violated
        the covenant for these periods: October 23, 2009,
        November 6, 2009, November 20, 2009, November 27, 2009
        and December 4, 2009.

     2. Downey's cumulative disbursements by line item were in
        excess of permitted variance.  The DIP Agent alleges that
        Downey's cumulative disbursements for each of the
        following periods was more than 125% of the projected
        disbursements of the DIP Budget: October 23, 2009,
        October 30, 2009, November 6, 2009, November 20, 2009,
        November 27, 2009, December 4, 2009, December 11, 2009,
        December 18, 2009, December 25, 2009, January 1, 2010,
        January 8, 2010, January 15, 2010, January 22, 2010,
        January 29, 2010, February 5, 2010, February 12, 2010,
        February 19, 2010, February 26, 2010 and March 5, 2010.

     3. Downey's EBITDA was less than $1.2 million.  The DIP Agent
        alleges that Downey's EBITDA failed to meet the
        requirements for each month from September 2009 through
        January 2010 and claims the following EBITDA for the
        relevant periods: positive $38,000 for September, 2009;
        negative $210,000 for October, 2009; positive $151,000 for
        November, 2009; positive $289,000 for December 2009; and
        positive $419,000 for January, 2010.

     4. Downey failed to submit variance and compliance reports.
        The DIP Agent alleges that Downey failed to submit the
        required reports for the following weeks: September 25,
        2009, October 2, 2009, October 9, 2009, October 16, 2009,
        and November 13, 2009.

     5. Downey failed to provide audited financial statements
        within 90 days after the fiscal year end.  The DIP Agent
        alleges that Downey has still not provided annual audited
        financial statements and the corresponding auditor's
        unqualified report letter for the fiscal year ended
        June 30, 2009.  The agent asserts that this constituted an
        event of default occurring on September 29, 2009 following
        the end of the 90-day period.

     6. Downey failed to provide monthly and quarterly financial
        statements.  The DIP Agent alleges that Downey failed to
        provide monthly and quarterly financial statements "on a
        timely basis" for the months of November 2009, December
        2009 and January 2010.

According to netDockets, while Healthcare Finance Group asserts
that the claimed events of default would provide the DIP lenders
to declare a "Termination Date" under the court's final DIP
financing order and to assert rights and remedies as a result of
the occurrence of a Termination Date, the notice expressly states
that it is "not intended to state a Termination Date, which right
is expressly reserved."  Rather, the notice only presently asserts
the right to collect interest at a default rate, which is 4.00%
above the otherwise applicable interest rate.  The notice further
asserts that interest has accrued at the default rate since the
earliest event of default (September 29, 2009) and is currently
due and payable.  The notice also asserts that interest will
continue to accrue at the default rate until repayment in full of
the DIP loan obligations.

Healthcare Finance Group is represented by McGuireWoods LLP.

netDockets says the Bankruptcy Court approved the DIP facility on
a final basis in an October 19, 2009 order.

                  About Downey Regional Medical

Los Angeles, California-based Downey Regional Medical Center-
Hospital Inc. operates a non-profit community hospital.  The
Company filed for Chapter 11 on Sept. 14, 2009 (Bankr. C.D. Calif.
Case No. 09-34714).  Lisa Hill Fenning, Esq., represents the
Debtor in its restructuring effort.  The Debtor did not file a
list of its 20 largest unsecured creditors when it filed its
petition.  In its petition, the Debtor listed assets and debts
both ranging from $10,000,001 to $50,000,000.


ENERGYCONNECT GROUP: RBSM LLP Raises Going Concern Doubt
--------------------------------------------------------
On March 18, 2010, EnergyConnect Group, Inc., filed its annual
report on Form 10-K for the year ended January 2, 2010.

RBSM LLP, in New York, expressed substantial doubt about the
Company's ability to continue as a going concern.  The independent
auditors noted that the Company is experiencing difficulty in
generating sufficient cash flow to meet its obligations and
sustain its operations.

The Company reported a net loss of $3.2 million on $19.9 million
of revenue for the year ended January 2, 2010, compared to a net
loss of $34.1 million on $25.9 million of revenue for the year
ended January 3, 2009.

The Company's balance sheet as of January 2, 2010, showed
$9.8 million in assets, $9.7 million of debts, and
$28,540 of stockholders' equity.

A full-text copy of the Company's annual report is available for
free at http://researcharchives.com/t/s?5b5b

Campbell, Calif.-based EnergyConnect Group, Inc., is a provider of
demand response services to the electricity grid.  Demand response
programs provide grid operators with additional electricity
generation capacity by encouraging consumers to curtail their
electricity usage.


ENVIROSOLUTIONS HOLDINGS: Files Schedules of Assets & Liabilities
-----------------------------------------------------------------
EnviroSolutions Holdings, Inc., has filed with the U.S. Bankruptcy
Court for the Southern District of New York its schedules of
assets and liabilities, disclosing:

   Name of Schedule             Assets             Liabilities
   ----------------             ------             -----------
A. Real Property                    $0

B. Personal Property            $2,109
                                + undetermined
                                  amounts

C. Property Claimed as
   Exempt

D. Creditors Holding
   Secured Claims                                  $210,900,000

E. Creditors Holding
   Unsecured Priority
   Claims                                                    $0

F. Creditors Holding
   Unsecured Non-priority
   Claims                                           $42,662,963
                                                    + undetermined
                                                      amounts
                           -----------              -----------
TOTAL                           $2,109             $253,562,963

Based in Manassas, Virginia, EnviroSolutions Holdings, Inc., is an
integrated solid waste management company with a presence in
Virginia, Maryland, New Jersey, Kentucky, West Virginia, and the
District of Columbia.  The company's assets include three
landfills, four transfer stations and several hauling and
collection operations.

The Company filed for Chapter 11 bankruptcy protection on
March 10, 2010 (Bankr. S.D.N.Y. Case No. 10-11261).  John
Longmire, Esq., at Willkie Farr & Gallagher LLP, assists the
Company in its restructuring effort.  Alvarez and Marsal North
America, LLC, is the Company's restructuring advisor.  The
Company's financial advisor is Barclays Capital.  The Company
estimated its assets and liabilities at $100,000,001 to
$500,000,000.


ESCOM LLC: Involuntary Chapter 11 Case Summary
----------------------------------------------
Alleged Debtor: Escom LLC
                23480 Park Sorrento Ste 206B
                Calabasas, CA 91302

Case Number: 10-13001

Involuntary Chapter 11 Petition Date: March 17, 2010

Court: Central District of California (San Fernando Valley)

Judge: Geraldine Mund

Petitioner's Counsel: Mark Chassman, Esq.
                      120 Broadway Suite 300
                      Santa Monica, CA 90401
                      Tel: (310) 576-2238

Debtors' Counsel: None. Debtor Filed Petition as Pro Se.

Escom, LLC, and debtor-affiliates' petitioners:

  Petitioners               Nature of Claim      Claim Amount
  -----------               ---------------      ------------
Washington Technology       Secured              $6,607,804
Associates LLC
9812 Falls Rd #114-331
Potomac, MD 20854

iEntertainment Inc.         Secured              $3,476,515
9812 Falls Rd #114-331
Potomac, MD 20854

AccountingMatters.com LLC   Services Rendered    $7,800
9812 Falls Rd #114-331
Potomac, MD 20854
                                                ---------
          Total Amount of Petitioner's Claims:  $10,092,119


ESKIDS LLC: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Eskids LLC
        PO Box 1034
        Lynnwood, WA 98046

Bankruptcy Case No.: 10-12980

Chapter 11 Petition Date: March 18, 2010

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

Debtor's Counsel: Frank S. Homsher, Esq.
                  Tollefsen Law Office PLLC
                  18225 8th PL W
                  Lynnwood, WA 98037
                  Tel: (425) 673-0300
                  Email: frank@tollefsenlaw.com

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

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

According to the schedules, the Company has assets of $5,000,000,
and total debts of $4,023,798.

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/wawb09-12980.pdf

The petition was signed by Eric W. Sundquist, managing member of
the Company.


FELIKS MLYNARCZYK: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Joint Debtors: Feliks J. Mlynarczyk
               Bozena Mlynarczyk
               245 Sacred Eagle Ln.
               Sedona, AZ 86336

Bankruptcy Case No.: 10-07403

Chapter 11 Petition Date: March 18, 2010

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

Debtors' Counsel: Pernell W. Mcguire, Esq.
                  Mcguire Gardner, PLLC
                  320 N. Leroux, Suite A
                  Flagstaff, AZ 86001
                  Tel: (928) 779-1173
                  Fax: (928) 779-1175
                  Email: pmcguire@mcguiregardner.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 20 largest unsecured creditors, is available for free at:

             http://bankrupt.com/misc/azb10-07403.pdf

The petition was signed by the Joint Debtors.


FIRST LOWNDES BANK: Closed; First Citizens Bank Assumes Deposits
----------------------------------------------------------------
First Lowndes Bank, Fort Deposit, Alabama, was closed March 19 by
the Alabama Banking Department, which appointed the Federal
Deposit Insurance Corporation as receiver.  To protect the
depositors, the FDIC entered into a purchase and assumption
agreement with First Citizens Bank, Luverne, Alabama, to assume
all of the deposits of First Lowndes Bank.

The four branches of First Lowndes Bank reopened on Saturday under
normal business hours as branches of First Citizens Bank.
Depositors of First Lowndes Bank will automatically become
depositors of First Citizens Bank.  Deposits will continue to be
insured by the FDIC, so there is no need for customers to change
their banking relationship to retain their deposit insurance
coverage.  Customers should continue to use their former First
Lowndes Bank branch until they receive notice from First Citizens
Bank that it has completed systems changes to allow other First
Citizens Bank branches to process their accounts as well.

As of December 31, 2009, First Lowndes Bank had around $137.2
million in total assets and $131.1 million in total deposits.
First Citizens Bank did not pay the FDIC a premium to assume all
of the deposits of First Lowndes Bank.  In addition to assuming
all of the deposits, First Citizens Bank agreed to purchase
essentially all of the failed bank's assets.

The FDIC and First Citizens Bank entered into a loss-share
transaction on $104.1 million of First Lowndes Bank's assets.
First Citizens Bank will share in the losses on the asset pools
covered under the loss-share agreement.  The loss-share
transaction is projected to maximize returns on the assets covered
by keeping them in the private sector.  The transaction also is
expected to minimize disruptions for loan customers.  For more
information on loss share, visit:

  http://www.fdic.gov/bank/individual/failed/lossshare/index.html

Customers who have questions about the transaction can call the
FDIC toll-free at 1-800-450-5417.  Interested parties also can
visit the FDIC's Web site at:

  http://www.fdic.gov/bank/individual/failed/firstlowndes.html

The FDIC estimates that the cost to the Deposit Insurance Fund
will be $38.3 million.  First Citizens Bank's acquisition of all
the deposits was the "least costly" resolution for the FDIC's DIF
compared to all alternatives. First Lowndes Bank is the 36th FDIC-
insured institution to fail in the nation this year, and the first
in Alabama.  The last FDIC-insured institution closed in the state
was New South Federal Savings Bank, Irondale, on December 18,
2009.


FLEETWOOD ENTERPRISES: U.S. Trustee Fights Pachulski's $1.5M Bill
-----------------------------------------------------------------
Bankruptcy Law360 reports that the U.S. trustee in Fleetwood
Enterprises Inc.'s bankruptcy case has issued a scathing objection
to a more than $1.5 million legal tab from Pachulski Stang Ziehl &
Jones LLP, saying the firm billed for excessive clerical expenses
and unexplained business meals.

Based in Riverside, California, Fleetwood Enterprises, Inc., was
the second largest manufactured housing maker in the U.S. and the
largest manufacturer of recreational vehicles over 30 feet in
length.

Fleetwood Enterprises listed assets of $560 million against debt
totaling $624 million in its bankruptcy petition.  Fleetwood
Enterprises, together with 19 of affiliates, filed for Chapter 11
protection on March 10, 2009 (Bankr. C.D. Calif. Lead Case No.
09-14254).  Craig Millet, Esq., and Solmaz Kraus, Esq., at Gibson,
Dunn & Crutcher LLP, represent the Debtors in their restructuring
efforts.  FTI Consulting Inc. is the financial advisors to the
Debtors.  The Debtors tapped Greenhill & Co. LLC as its investment
banker.


FAIRPOINT COMMS: Bank Debt Trades at 20% Off in Secondary Market
----------------------------------------------------------------
Participations in a syndicated loan under which FairPoint
Communications, Inc., is a borrower traded in the secondary market
at 79.79 cents-on-the-dollar during the week ended Friday,
March 19, 2010, according to data compiled by Loan Pricing Corp.
and reported in The Wall Street Journal.  This represents an
increase of 2.51 percentage points from the previous week, The
Journal relates.  The debt matures on March 31, 2015.  The Company
pays 275 basis points above LIBOR to borrow under the loan
facility.  Moody's has withdrawn its rating, while Standard &
Poor's has assigned a default rating on the bank debt.  The debt
is one of the biggest gainers and losers among 195 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

FairPoint Communications, Inc. (NYSE: FRP) --
http://www.fairpoint.com/-- is an industry leading provider of
communications services to communities across the country.
FairPoint owns and operates local exchange companies in 18 states
offering advanced communications with a personal touch, including
local and long distance voice, data, Internet, television and
broadband services.  FairPoint is traded on the New York Stock
Exchange under the symbols FRP and FRP.BC.

FairPoint and its affiliates filed for Chapter 11 on Oct. 26, 2009
(Bankr. D. Del. Case No. 09-16335).  Rothschild Inc. is acting as
financial advisor for the Company; AlixPartners, LLP as the
restructuring advisor; and Paul, Hastings, Janofsky & Walker LLP
is the Company's counsel.  BMC Group is claims and notice agent.

As of June 30, 2009, FairPoint reported $3.24 billion in total
assets, $321.41 million in total current liabilities,
$2.91 billion in total long-term liabilities, and $1.23 million in
total stockholders' equity.

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


FAIRPOINT COMMS: Bar Date for Regulatory Agencies Extended
----------------------------------------------------------
In order to facilitate successful reorganization of FairPoint
Communications Inc. and its debtor affiliates, the Debtors' Plan
of Reorganization incorporates these Regulatory Settlements:

  * The settlement dated February 5, 2010, among FairPoint
    Communications, Inc., Northern New England Telephone
    Operations LLC and the Staff Advocates of the New
    Hampshire Public Utility Commission;

  * The settlement dated February 5, 2010, among FairPoint
    Communications, Telephone Operating Company of Vermont LLC
    and the Vermont Department of Public Service; and

  * The settlement dated February 9, 2010, among FairPoint
    Communications, NNETO, a representative appointed by the
    Maine Public Utilities Commission and the Maine Office of
    the Public Advocate.

In view of these, Debtors FairPoint, NNETO and Telephone
Operating Company of Vermont LLC stipulate with the VDPS, the
Staff Advocates, the Maine Public Advocate and the Maine Public
Utility Commission that:

  1. The deadlines established by the Court for the filing of
     proofs of claim, objections to the Plan, and motions
     pursuant to Rule 3018 of the Federal Rules of Bankruptcy
     Procedure to temporarily allow claims for the purpose of
     voting on the Plan, are tolled with respect to the VPSB,
     the VDPS, NHPUC, the Maine Public Advocate and MPUC through
     March 25, 2010; provided that in no event will the VPSB,
     the NHPUC, the Maine Public Advocate or the MPUC seek that
     the Debtors re-solicit creditor votes with respect to an
     Amended Chapter 11 plan.

  2. Section 3.4 of the Plan will include provisions that
     reflect that "the Debtors will reimburse the reasonable
     out-of-pocket expenses and costs of the State of New
     Hampshire, the VDPS, and the Vermont Public Service Board,
     the MPUC and the Maine Public Advocate in connection with
     their Chapter 11 cases.

  3. As long as the applicable Regulatory Settlement is in
     effect as to a particular state, Section 8.3 of the Plan
     will provide that "Reorganized FairPoint may: (a) cause any
     or all of the Reorganized Debtors to be merged into one
     or more of Reorganized FairPoint, dissolved or otherwise
     consolidated, (b) cause the transfer of assets between or
     among Reorganized FairPoint, or (c) engage in any other
     transaction in furtherance of the Plan."

  4. As long as the applicable Regulatory Settlement is in
     effect as to a particular state, Section 8.1 of the Plan
     will provide that "Reorganized FairPoint will take all
     actions necessary or reasonably required to effectuate that
     settlements and that settlements will be binding on
     Reorganized FairPoint."

  5. As long as the applicable Regulatory Settlement is pending
     approval as to a particular state, the Debtors will not
     seek a ruling from the Bankruptcy Court to the effect that
     the regulations of that state requiring applicable
     regulatory approvals are pre-empted by the Bankruptcy Code.

  6. As long as the applicable Regulatory Settlement is in
     effect as to a particular state, Sections 14.2 and 14.4 of
     the Plan "will not limit the implementation of a Regulatory
     Settlement or, as to the business and activities of
     FairPoint as conducted on and after the Effective Date of
     the Plan, the application and enforcement of applicable
     state law with respect to the regulation of the Debtors by
     any governmental unit including the MPUC, VPSB or the
     NHPUC."

                  About FairPoint Communications

FairPoint Communications, Inc. (NYSE: FRP) --
http://www.fairpoint.com/-- is an industry leading provider of
communications services to communities across the country.
FairPoint owns and operates local exchange companies in 18 states
offering advanced communications with a personal touch, including
local and long distance voice, data, Internet, television and
broadband services.  FairPoint is traded on the New York Stock
Exchange under the symbols FRP and FRP.BC.

Fairpoint and its affiliates filed for Chapter 11 on Oct. 26, 2009
(Bankr. S.D.N.Y. Case No. 09-16335).  Rothschild Inc. is acting as
financial advisor for the Company; AlixPartners, LLP as the
restructuring advisor; and Paul, Hastings, Janofsky & Walker LLP
is the Company's counsel.  BMC Group is claims and notice agent.

As of June 30, 2009, Fairpoint reported $3.24 billion in total
assets, $321.41 million in total current liabilities, $2.91
billion in total long-term liabilities, and $1.23 million in total
stockholders' equity.

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


FAIRPOINT COMMS: Telephone Co. of Vermont's Schedules & Statement
-----------------------------------------------------------------

                 Telephone Company of Vermont LLC
                Schedules of Assets and Liabilities

A.     Real Property                                $36,447,715
       See http://bankrupt.com/misc/TOCV_SAL_A1.pdf

B.     Personal Property
B.1    Cash on hand                                           0
B.2    Bank Accounts
       Bank of New York Mellon - 0167                        0
       Bank of New York Mellon - 0168                        0
       Bank of New York Mell0n - 0590                        0
       Fidelity Investments - 5742                           0
B.13   Business Interests and stocks               Undetermined
       See http://bankrupt.com/misc/TOCV_SAL_B13.pdf
B.16   Accounts Receivable
       A/R Retail                                   31,556,083
       A/R Wholesale                                18,752,593
       A/R Other                                     1,705,795
       A/R NECA & USAC                                 685,584
       Trade Payable Debit Balance
        Ciena Communications Inc.                       67,014
        Green Mountain Traffic Control, Inc.            15,897
        B&N Sales & Service Inc.                           758
        FW Webb Company                                    102
        Charles Truck Parts                                 90
       A/R Allowance                                (6,794,052)
B.23   Licenses
       FCC - Wireless License - WQJB443           Undetermined
       FCC - Wireless License - WQL766            Undetermined
       FCC - Wireless License - WQL769            Undetermined
       FCC - Wireless License - WQL770            Undetermined
       FCC - Wireless License - WQJM264           Undetermined
       FCC - Wireless License - WQJY656           Undetermined
       FCC - Wireless License - WQJY657           Undetermined
       FCC - Wireless License - WQJY658           Undetermined
B.25   Vehicles                                       2,288,207
B.28   Office equipment, furnishings and supplies
       General purpose computers                       428,134
B.29   Machinery
       Construction in Progress (Phone Plant)       43,397,510
       Digital Switching and Circuit Equipment      89,401,983
       Other Terminal Equipment                      3,533,375
       Outside Communication Equipment             183,593,800
       Tools and other work equipment                1,688,285
B.35   Other Personal Property
       Prepaid Property Taxes                          209,751
       Prepaid Rent                                    176,691

      TOTAL SCHEDULED ASSETS                      $407,155,316
      ========================================================

C.   Property Claimed as Exempt                               -

D.   Secured Claim                                 Undetermined

E.   Unsecured Priority Claims                       $2,138,587
     See http://bankrupt.com/misc/TOCV_SAL_E1.pdf

F.   Unsecured Non-priority Claims
     Trade Payables                                  4,838,445
      See http://bankrupt.com/misc/TOCV_SAL_F1.pdf
     Litigation and Insurance Liabilities                    0
      See http://bankrupt.com/misc/TOCV_SAL_F2.pdf
     Other Liabilities                                       0
      See http://bankrupt.com/misc/TOCV_SAL_F3.pdf
     Intercompany Claims                            (8,948,291)
     Billing and Collection Liabilities                     0
      See http://bankrupt.com/misc/TOCV_SAL_F5.pdf

      TOTAL SCHEDULED LIABILITIES                  ($1,971,259)
      ========================================================

           Vermont's Statement of Financial Affairs

Telephone Company of Vermont LLC Senior Vice Lisa R. Hood reports
that during the two years before the Petition Date, the Company
received income from employment and the operations of its
business:

Year                  Source                         Amount
----                  ------                      ------------
01/01/09 - 09/30/09   Interstate Access Revenue    $53,163,133
                      Intrastate Access Revenue      3,135,434
                      Local Service Revenue         65,141,702
                      Long Distance Revenue          8,694,588
                      Miscellaneous Revenue          6,907,477

01/01/08 - 12/31/08   Interstate Access Revenue    $56,784,264
                      Intrastate Access Revenue              0
                      Local Service Revenue         78,414,864
                      Long Distance Revenue         10,903,088
                      Miscellaneous Revenue          7,604,651

01/01/07 - 12/31/07         ----                            $0

TOCOVT also earned income from sources other than the operation
of its business two years immediately before the Petition Date:

Year                  Source                         Amount
----                  ----------                   -----------
01/01/09 - 09/30/09   Other Income                     $51,091
                      Dividend Income                   13,789

01/01/08 - 12/31/08   Other Income                     160,029
                      Dividend Income                   10,013

01/01/07 - 12/01/07   Other Income                           0
                      Dividend Income                        0

The Company didn't make any payments to creditors or insiders in
the 90-day period before it filed for bankruptcy.

Ms. Hood discloses that within one year immediately preceding the
Petition Date, TOCOVT was or is a party to these lawsuits and
administrative proceedings:

  Case Name                               Court
  ---------                               -----
  Company Selection Process not           American Arbitration
  by Contract - Local 2326                Association

  Global Naps, Inc. v. Tocovt             Vermont Public
                                          Service Board

  Posted Pay Rate Changed After Job       American Arbitration
  Awarded-IBEW Local 2326                 Association

The Company gave gifts or donations, totaling $191,608, to
charitable institutions a year immediately before the Petition
Date.  A detailed list of the donations is available for free at:

           http://bankrupt.com/misc/TOCV_SOFA_7.pdf

TOCOVT closed three accounts at BNY Mellon for the period from
March to October 2009.

The Company also received two environmental-related notices
from the U.S. Environmental Protection Agency and the State of
Vermont Department of Environmental Conservation on instances of
groundwater and soil contamination.

The Company's books and records, within two years immediately
preceding the Petition Date, were kept or supervised by:

  Name                          Period
  ----                          ------
  Alfred Giammarino             Sept. 2008 to present
  Lisa R. Hood                  Aug. 2008 to Sept. 2008
  John Crowley                  Oct. 2007 to Aug. 2008

In the two years immediately preceding the Petition Date,
TOCOVT's books of accounts and records were audited by the firms
KMPG LLP and Ernst & Young LLP.

During the commencement of TOCOVT's bankruptcy cases, its books
of accounts and records were in the possession of Alfred
Giammarino, chief financial officer and Lisa R. Hood, corporate
controller.

                    Other Debtors' Schedules

Debtor                          Assets          Liabilities
------                       ------------       -----------
BE Mobile Communications, Inc.    $36,340           $39,387

Bentleyville Communications
Corporation                   $5,928,856          ($96,365)

Berkshire Cable Corp.          $1,480,376            $7,956

Berkshire Cellular, Inc.               $0           ($3,983)

Berkshire Net, Inc.                    $0                $0

Berkshire New York Access, Inc.        $0                $0

Berkshire Telephone Corp.      $7,063,645       ($1,000,744)

Big Sandy Telecom, Inc.          $819,383         ($177,725)

Bluestem Telephone Company     $1,121,553            $5,568

C & E Communications, LTD.       $166,462         ($176,947)

C-R Communications, Inc.               $0             ($242)

C-R Long Distance, Inc.            $2,866           $22,312

C-R Telephone Company          $1,017,223           $36,571

Chautauqua & Erie
Communications, Inc.             $68,663           $24,233

Chautauqua and Erie
Telephone Corporation         $9,753,967          $444,033

China Telephone Company        $2,410,008         ($121,389)

Chouteau Telephone Company     $6,358,250          $225,842

Columbine Telecom Company      $2,891,737         ($170,916)

Comerco, Inc.                     $21,011             ($847)

Commtel Communications Inc.            $0             ($167)

Community Service
Telephone Co.                 $6,377,840         ($261,054)

El Paso Long Distance Company      $4,285           $11,579

Ellensburg Telephone Company  $16,936,152        $2,076,128

Elltel Long Distance Corp.        $68,123          ($30,115)

Enhanced Communications of
Northern New England Inc.     $6,516,548       $14,601,713

ExOp of Missouri, Inc.         $7,607,182          $403,285

FairPoint Broadband, Inc .       $360,983           $44,605

FairPoint Carrier Services Inc $3,218,542       ($3,159,944)

FairPoint Communications
Missouri, Inc.               $19,334,659          $812,210

FairPoint Communications
Solutions Corp. - New York            $0                $0

FairPoint Communications
Solutions Corp. - Virginia            $0                $0

FairPoint Logistics, Inc.     $73,063,924       $53,741,370

FairPoint Vermont, Inc.        $4,697,121          ($12,700)

Fremont Broadband, LLC                 $0                $0

Fremont Telcom Co.             $5,772,094          $365,015

Fretel Communications, LLC     $1,428,893           $61,015

Germantown Long  Distance
Company                           $8,551           $27,928

GIT-CELL, Inc.                         $0                $0

GITCO Sales, Inc.                      $0                $0

GTC Communications, Inc.               $0             ($442)

GTC Finance Corporation                $0                $0

GTC, Inc.                     $68,302,097       ($9,505,211)

Maine Telephone Company        $5,279,066         ($447,875)

Marianna And Scenery Hill
Telephone Company             $1,662,495          $107,844

Marianna Tel, Inc.                $55,639           $14,291

MJD Services Corp.                     $0              $230

MJD Ventures, Inc.                     $0              $694

Northland Telephone Company
of Maine, Inc.               $10,986,862          $475,363

Odin Telephone Exchange, Inc.  $2,327,811          ($62,621)

Orwell Communications, Inc.      $754,838            $1,216

Peoples Mutual Long Distance
Company                          $52,200          ($34,397)

Peoples Mutual Services Co.            $0                $0

Peoples Mutual Telephone Co.   $6,647,103          $718,343

Quality One Technologies Inc.  $1,530,562           $36,245

Ravenswood Communications Inc.         $0              $506

Sidney Telephone Company         $674,230          ($39,807)

ST Computer Resources, Inc.            $0                $0

ST Enterprises, LTD.             $448,109          ($36,100)

ST Long Distance, Inc.            $60,883          $145,268

ST. Joe Communications, Inc.     $282,416       $11,940,422

Standish Telephone Company     $8,282,044          $406,931

Sunflower Telephone Company,
Inc.                          $2,074,516          $618,994

Taconic Technology Corp.       $2,025,593         ($300,580)

Taconic Telcom Corp.             $291,385          $100,807

Taconic Telephone Corp.       $22,652,348         $1,844,814

Telephone Operating Company
of Vermont LLC              $407,155,316        ($1,971,259)

Telephone Service Company              $0                 $0

The Columbus Grove Telephone
Company                       $1,321,476          ($270,883)

The Germantown Independent
Telephone Company             $4,316,740           ($16,673)

The Orwell Telephone Company   $5,414,430           $216,907

UI Communications, Inc.                $0                 $0

UI Long Distance, Inc.           $443,306           $386,691

UI Telecom, Inc.                       $0                 $0

Unite Communications Systems, Inc.     $0                 $0

Utilities, Inc.                $3,297,099           $865,450

Yates City Telephone Company           $0                $80

YCOM Networks, Inc.           $14,073,747           $248,812

                  About FairPoint Communications

FairPoint Communications, Inc. (NYSE: FRP) --
http://www.fairpoint.com/-- is an industry leading provider of
communications services to communities across the country.
FairPoint owns and operates local exchange companies in 18 states
offering advanced communications with a personal touch, including
local and long distance voice, data, Internet, television and
broadband services.  FairPoint is traded on the New York Stock
Exchange under the symbols FRP and FRP.BC.

Fairpoint and its affiliates filed for Chapter 11 on Oct. 26, 2009
(Bankr. S.D.N.Y. Case No. 09-16335).  Rothschild Inc. is acting as
financial advisor for the Company; AlixPartners, LLP as the
restructuring advisor; and Paul, Hastings, Janofsky & Walker LLP
is the Company's counsel.  BMC Group is claims and notice agent.

As of June 30, 2009, Fairpoint reported $3.24 billion in total
assets, $321.41 million in total current liabilities, $2.91
billion in total long-term liabilities, and $1.23 million in total
stockholders' equity.

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


FAIRPOINT COMMS: Keeley Stake Down to 0.001%
--------------------------------------------
In a Schedule 13G filing with the U.S. Securities and Exchange
Commission dated February 5, 2010, Keeley Asset Management Corp.
reported that it is deemed to beneficially own 1,000 shares of
FairPoint Communications common stock.

Keeley's FairPoint stocks constitute 0.001% of the Company's
shares outstanding.

As of October 31, 2009, FairPoint had 90,015,551 shares
outstanding.

Keeley is an investment company registered under Section 8 of the
Investment Company Act of 1940.  Keeley is also an Investment
Adviser in accordance with Section 240.13d-1(b)(1)(ii)(E) of the
Investment Advisers Act of 1940, as amended.

                  About FairPoint Communications

FairPoint Communications, Inc. (NYSE: FRP) --
http://www.fairpoint.com/-- is an industry leading provider of
communications services to communities across the country.
FairPoint owns and operates local exchange companies in 18 states
offering advanced communications with a personal touch, including
local and long distance voice, data, Internet, television and
broadband services.  FairPoint is traded on the New York Stock
Exchange under the symbols FRP and FRP.BC.

Fairpoint and its affiliates filed for Chapter 11 on Oct. 26, 2009
(Bankr. S.D.N.Y. Case No. 09-16335).  Rothschild Inc. is acting as
financial advisor for the Company; AlixPartners, LLP as the
restructuring advisor; and Paul, Hastings, Janofsky & Walker LLP
is the Company's counsel.  BMC Group is claims and notice agent.

As of June 30, 2009, Fairpoint reported $3.24 billion in total
assets, $321.41 million in total current liabilities, $2.91
billion in total long-term liabilities, and $1.23 million in total
stockholders' equity.

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


FENTURA FINANCIAL: Losses Prompt Going Concern Doubt
----------------------------------------------------
On March 18, 2010, Fentura Financial, Inc., filed its annual
report on Form 10-K for the year ended December 31, 2009.

Crowe Horwath LLP, in Grand Rapids, Mich., expressed substantial
doubt about the bank holding company's ability to continue as a
going concern.  The independent auditors noted that the Company
incurred net losses in 2009 and 2008, primarily from higher
provisions for loan losses.

The Company reported a net loss of $17.0 million for the year
ended December 31, 2009, compared to a net loss of $12.2 million
for the year ended December 31, 2008.  Net interest income after
provision for loan losses was $840,000 in 2009, as compared to
$8.8 million in 2008.

The Company's balance sheet as of Dec. 31, 2009, showed
$522.1 million in assets, $501.5 million of debts, and
$20.5 million of stockholders' equity.  At December 31, 2009, the
Company had net loans receivable of roughly $344.7 million and
deposits of roughly $440.8 million.

A full-text copy of the Company's annual report is available for
free at http://researcharchives.com/t/s?5b5a

Fentura Financial, Inc. is a bank holding company headquartered in
Fenton, Michigan that owns three subsidiary banks.  The Company's
subsidiary banks operate 16 community banking offices offering a
full range of banking services principally to individuals, small
businesses, and government entities throughout mid-Michigan and
western Michigan.


FORD MOTOR: Bank Debt Trades at 3% Off in Secondary Market
----------------------------------------------------------
Participations in a syndicated loan under which Ford Motor Co. is
a borrower traded in the secondary market at 96.68 cents-on-the-
dollar during the week ended Friday, March 19, 2010, according to
data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents an increase of 1.26 percentage
points from the previous week, The Journal relates.  The Company
pays 300 basis points above LIBOR to borrow under the facility.
The bank loan matures on Dec. 15, 2013, and carries Moody's Ba3
rating and Standard & Poor's B- rating.  The debt is one of the
biggest gainers and losers among 195 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday.

Headquartered in Dearborn, Michigan, Ford Motor Co. (NYSE: F) --
http://www.ford.com/-- manufactures or distributes automobiles
across six continents.  With about 200,000 employees and about 90
plants worldwide, the company's automotive brands include Ford,
Lincoln, Mercury and Volvo.  The company provides financial
services through Ford Motor Credit Company.

The Company's balance sheet as of Dec. 31, 2009, showed
$194.9 billion in assets and $201.4 billion of debts, for a
stockholders' deficit of $6.5 billion.

Ford Motor carries a 'B2' probability of default and corporate
ratings from Moody's.  Moody's last raised the rating from 'B3' to
'B2' mid-March 2010.


FREMONT GENERAL: Funds Accused of Vote Manipulation
---------------------------------------------------
Bankruptcy Law360 reports that New World Acquisition LLC, a
Fremont General Corp. creditor that has proposed a reorganization
plan for the Company, has asked a bankruptcy judge to block a
group of funds from changing its vote on a rival plan proposed by
Fremont's equity holders from "reject" to "accept."

The U.S. Bankruptcy Court for Central District of California has
approved for voting five separate and competing plans of
reorganization for Fremont.

The five plan proponents are:

     -- The Creditors Committee;
     -- The Equity Committee;
     -- New World Acquisition, LLC;
     -- Ranch Capital, LLC; and
     -- Signature Group Holdings LLC

Fremont is not prosecuting its own chapter 11 plan.

Each of the five plans proposes to effect a merger between Fremont
and certain of its subsidiaries, which will need to be approved by
the Bankruptcy Court.  Each of the plans proposes to treat the
holders of Fremont's 7.875% Senior Notes due 2009, the holders of
general unsecured claims against Fremont, the holders of the 9%
Trust Originated Preferred Securities issued by Fremont General
Financing I, the holders of claims subordinated under Section
510(b) of the Bankruptcy Code, and the holders of Fremont's common
stock in different fashions.  The five rival plans contemplate
full payment of general unsecured claims and retention of equity
interests.

A full-text copy of the Information Cover Letter sent to voting
creditors and a comparison of the competing plans is available at
no charge at http://bankrupt.com/misc/FremontPlanComparison.pdf

                      About Fremont General

Based in Santa Monica, California, Fremont General Corp. (OTC:
FMNTQ) -- http://www.fremontgeneral.com/-- was a financial
services holding company with $8.8 billion in total assets at
September 30, 2007.  Fremont General ceased being a financial
services holding company on July 25, 2008, when its wholly owned
bank subsidiary, Fremont Reorganizing Corporation (f/k/a Fremont
Investment & Loan) completed the sale of its assets, including all
of its 22 branches, and 100% of its $5.2 billion of deposits to
CapitalSource Bank.

Fremont General filed for Chapter 11 protection on June 18, 2008,
(Bankr. C.D. Calif. Case No. 08-13421).  Robert W. Jones, Esq.,
and J. Maxwell Tucker, Esq., at Patton Boggs LLP, Theodore
Stolman, Esq., Scott H. Yun, Esq., and Whitman L. Holt, Esq., at
Stutman Treister & Glatt, represent the Debtor as counsel.
Kurtzman Carson Consultants LLC is the Debtor's noticing
agent and claims processor.  Lee R. Bogdanoff, Esq., Jonathan S.
Shenson, Esq., and Brian M. Metcalf, at Klee, Tuchin, Bogdanoff &
Stern LLP, represent the Official Committee of Unsecured
Creditors as counsel.  Fremont's formal schedules showed
$330,036,435 in total assets and $326,560,878 in total debts.


GENERAL MOTORS: Proposes Plante & Moran as Accountants
------------------------------------------------------
Motors Liquidation Co. and its units seek authority from Judge
Robert Gerber of the U.S. Bankruptcy Court for the Southern
District of New York to employ Plante & Moran, PLLC, to perform
certain accounting and consulting services in the Debtors' cases
on an "as requested" basis, nunc pro tunc to October 9, 2009.

According to Harvey R. Miller, Esq., at Weil, Gotshal & Manges
LLP, in New York, P&M is a well respected and experienced
professional accounting firm that possesses extensive accounting,
tax, and consulting expertise.  Accordingly, Mr. Miller says, P&M
is well-qualified to act as the Debtors' accountant and
consultant.

Pursuant to an engagement letter between Motors Liquidation
Company and P&M dated March 17, 2010, P&M will:

  (a) provide various tax services for MLC, including
      preparing tax returns and providing tax planning and
      consulting services relating to the transition of tax
      filing responsibilities from New GM to MLC and relating
      to ongoing operations and transitions;

  (b) provide consulting and other services relating to MLC's
      internal controls, including evaluation of the current
      system, and implementing procedures to test the
      effectiveness of those controls; and

  (c) provide other financial, tax, and related assistance,
      which services may range from financial staffing
      assistance to information technology assistance.

P&M will not formally audit any of the Debtors, Mr. Miller notes.

According to Mr. Miller, P&M will be compensated based on these
hourly rates:

  Professional                Hourly Rate
  ------------                -----------
  Partner                      $300-$450
  Associate                    $150-$350
  Staff                         $80-$200
  Paraprofessional and Admin    $75-$125

The Debtors will also reimburse P&M for reasonable out-of-pocket
expenses.

Michael A. Colella, a partner at P&M, contends that his firm is a
"disinterested person," as that term is defined in Section 101(14)
of the Bankruptcy Code.

                       About General Motors

General Motors Company -- http://www.gm.com/-- is one of the
world's largest automakers, tracing its roots back to 1908.  With
its global headquarters in Detroit, GM employs 209,000 people in
every major region of the world and does business in some 140
countries.  GM and its strategic partners produce cars and trucks
in 34 countries, and sell and service these vehicles through these
brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel,
Vauxhall and Wuling.  GM's largest national market is the United
States, followed by China, Brazil, the United Kingdom, Canada,
Russia and Germany.  GM's OnStar subsidiary is the industry leader
in vehicle safety, security and information services.

GM acquired its operations from General Motors Company, n/k/a
Motors Liquidation Company, on July 10, 2009, pursuant to a sale
under Section 363 of the Bankruptcy Code.  Motors Liquidation or
Old GM is the subject of a pending Chapter 11 reorganization case
before the U.S. Bankruptcy Court for the Southern District of New
York.

At September 30, 2009, GM had US$107.45 billion in total assets
against US$135.60 billion in total liabilities.

                    About Motors Liquidation

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).  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.

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, serves as the Chief Executive
Officer for Motors Liquidation Company.  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.

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)


GENERAL MOTORS: Court OKs Hilco and Maynard as Sales Agents
-----------------------------------------------------------
The Bankruptcy Court has authorized Motors Liquidation Co. and its
units to retain and employ Hilco Industrial, LLC, and Maynards
Industries (1991) Inc., as their exclusive sales and marketing
agents with respect to certain machinery, equipment and other
assets that are owned or leased by Motors Liquidation Company,
nunc pro tunc to the October 1, 2009.

Judge Gerber permitted Hilco/Maynards to receive compensation for
their services pursuant to the compensation structure set forth in
the Asset Marketing Agreement dated November 12, 2009 between
Hilco/Maynards and MLC, without filing interim or final fee
applications.

Hilco/Maynards will also file with the Court a quarterly notice of
compensation beginning with the quarterly period March 2010
through May 2010, listing any Base Commission, Buyer's Premium and
expenses, as defined in the AMA.  Objections to the compensation
in the Quarterly Notice must be filed within 14 days of the filing
of the Notice.

The Base Commission and Buyer's Premium listed in the Quarterly
Notice will be reviewed under the standards of Section 328(a) of
the Bankruptcy Code, while the Expenses will be reviewed under
Section 330.  Any notice of sale of the Debtors' de minimis assets
involving the services of Hilco/Maynards must disclose the amount
of Hilco/Maynards' Base Commission and Buyer's Premium for that
Asset Sale, the Court ruled.

The Court directs MLC to indemnify and hold Hilco/Maynards
harmless from any claims, causes of action, damages and
liabilities of any kind arising from or in connection with:

  (i) MLC's breach of any of its representations, warranties or
      covenants under the AMA; or

(ii) any inaccurate statements or representations concerning
      the Assets made by MLC to Hilco/Maynards or any
      prospective buyer.

In turn, Hilco/Maynards will also indemnify MLC from any and all
liabilities arising out of, or based upon, Hilco/Maynards' breach
of any representations, warranties or covenants under the AMA.

           J. Malfitano Files Supplemental Affidavit

In a separate filing, Joseph A. Malfitano, vice president and
assistant general counsel of Hilco Trading LLC, submitted with the
Court a supplemental affidavit in support of the Debtors'
application for the employment of Hilco Industrial LLC  and
Maynards Industries (1991) Inc. as Exclusive Marketing and Sales
Agents to the Debtors nunc pro tunc to October 1, 2009.  He
disclosed that:

-- Hilco is duly licensed and is authorized to conduct auctions
    in accordance with the Asset Marketing Agreement. Hilco is a
    leading international industrial auctioneer and liquidator
    specializing in valuing and converting idle capital
    equipment into cash through a multitude of creative sales
    methodologies and disposition channels.

-- The Debtors and Hilco have agreed that in exchange for
    services rendered by the Company in connection with the sale
    of the assets as set forth in the AMA, the Debtors will
    compensate Hilco in accordance with the AMA.

-- The compensation structure set forth in the AMA is
    reasonable and represents rates that are comparable or below
    market based on prevailing market standards.  In addition,
    Hilco believes that the compensation structure provides an
    appropriate incentive for Hilco to establish a streamline
    platform for the Debtors to maximize the value of their
    assets.

                       About General Motors

General Motors Company -- http://www.gm.com/-- is one of the
world's largest automakers, tracing its roots back to 1908.  With
its global headquarters in Detroit, GM employs 209,000 people in
every major region of the world and does business in some 140
countries.  GM and its strategic partners produce cars and trucks
in 34 countries, and sell and service these vehicles through these
brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel,
Vauxhall and Wuling.  GM's largest national market is the United
States, followed by China, Brazil, the United Kingdom, Canada,
Russia and Germany.  GM's OnStar subsidiary is the industry leader
in vehicle safety, security and information services.

GM acquired its operations from General Motors Company, n/k/a
Motors Liquidation Company, on July 10, 2009, pursuant to a sale
under Section 363 of the Bankruptcy Code.  Motors Liquidation or
Old GM is the subject of a pending Chapter 11 reorganization case
before the U.S. Bankruptcy Court for the Southern District of New
York.

At September 30, 2009, GM had US$107.45 billion in total assets
against US$135.60 billion in total liabilities.

                    About Motors Liquidation

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).  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.

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, serves as the Chief Executive
Officer for Motors Liquidation Company.  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.

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)


GENERAL MOTORS: Great American as Appraiser Approved by Court
-------------------------------------------------------------
General Motors Corp., now known as Motors Liquidation Co., and its
units received the Court's authority to employ Great American
Group Advisory & Valuation Services, L.L.C., as their appraiser
for certain real property locations, nunc pro tunc to
February 22, 2010.

Pursuant to an Engagement Letter, Great American will prepare
appraisals of the land, improvements, and fixtures, and prepare an
appraisal report for each of these 32 locations:

  (1) 340 White River Parkway, in Indianapolis, Indiana
  (2) 7600 General Motors Boulevard in Shreveport, Louisiana
  (3) 2627 West Grand Blvd., in Detroit, Michigan
  (4) 12950 Eckles Road in Livonia, Michigan
  (5) 2100 S Opdyke Road in Pontiac, Michigan
  (6) 13000 Eckles Road in Livonia, Michigan
  (7) 2000 Centerpoint Parkway in Pontiac, Michigan
  (8) 660 South Boulevard East in Pontiac, Michigan
  (9) 2930 Ecorse Road in Ypsilanti, Michigan
(10) 37350 Ecorse Road in Romulus, Michigan
(11) 900 Baldwin Avenue in Pontiac, Michigan
(12) 4002 James Cole Blvd. in Flint, Michigan
(13) 900 Baldwin Avenue in Pontiac, Michigan
(14) 902 E Hamilton Avenue in Flint, Michigan
(15) 12200 Middlebelt in Livonia, Michigan
(16) 300 36th Street SW in Wyoming, Michigan
(17) 902 East Hamilton Avenue in Flint, Michigan
(18) 10800 S. Saginaw Road in Flint, Michigan
(19) 2800-2801 West Saginaw St. in Lansing Township, Michigan
(20) 2901 South Canal Road in Lansing, Michigan
(21) 200 South Boulevard West in Pontiac, Michigan
(22) 675 Oakland Avenue in Pontiac, Michigan
(23) 1445 Parkway Avenue in Ewing, New Jersey
(24) One General Motors Circle in Syracuse, New York
(25) Factory Road in Syracuse, New York
(26) Route 37 East in Massena, New York
(27) 1829 Hallock Young Road in Lordstown, Ohio
(28) 3100 Dryden Road in Moraine, Ohio
(29) 2525 West Fourth Street in Mansfield, Ohio
(30) 2601 West Stroop Road in Moraine, Ohio
(31) 5400 Chevrolet Boulevard in Parma, Ohio
(32) 11032 Tidewater Trail in Fredericksburg, Virginia

Each Report will include valuations of the Properties based on
cost, sales, and income approaches to valuation, as well as a
liquidation value based on an immediate sale under distressed
conditions.

Great American will be paid $3,500 per Report and reimbursed for
reasonable travel expenses.  The Fees and Expenses will be due and
payable upon completion and delivery of the Report for each
Property.

If Great American's consultants or advisors are called to give
testimony or appear before a court or regulatory body or agency
regarding the Reports, Great American will be paid (i) $2,000 per
day plus reasonable travel expenses for each day of actual court
testimony, and (ii) $240 per hour plus reasonable travel expenses
for depositions, pretrial hearings, or meetings.

As appraiser, Great American will assist the Debtors in obtaining
market valuations and disposition valuations of the Properties to
appropriate market the Properties or otherwise determine how to
appropriately dispose of them, Harvey R. Miller, Esq., at Weil,
Gotshal & Manges LLP, in New York, says.

Lester Friedman, chief executive officer of Great American,
assures Judge Gerber that his firm is a "disinterested person," as
that term is defined in Section 101(14) of the Bankruptcy Code.

                       About General Motors

General Motors Company -- http://www.gm.com/-- is one of the
world's largest automakers, tracing its roots back to 1908.  With
its global headquarters in Detroit, GM employs 209,000 people in
every major region of the world and does business in some 140
countries.  GM and its strategic partners produce cars and trucks
in 34 countries, and sell and service these vehicles through these
brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel,
Vauxhall and Wuling.  GM's largest national market is the United
States, followed by China, Brazil, the United Kingdom, Canada,
Russia and Germany.  GM's OnStar subsidiary is the industry leader
in vehicle safety, security and information services.

GM acquired its operations from General Motors Company, n/k/a
Motors Liquidation Company, on July 10, 2009, pursuant to a sale
under Section 363 of the Bankruptcy Code.  Motors Liquidation or
Old GM is the subject of a pending Chapter 11 reorganization case
before the U.S. Bankruptcy Court for the Southern District of New
York.

At September 30, 2009, GM had US$107.45 billion in total assets
against US$135.60 billion in total liabilities.

                    About Motors Liquidation

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).  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.

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, serves as the Chief Executive
Officer for Motors Liquidation Company.  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.

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)


GENERAL MOTORS: Trafelet Proposes Stutzman as Counsel
-----------------------------------------------------
Dean M. Trafelet, in his capacity as proposed legal representative
for future asbestos personal injury claimants against Motors
Liquidation Co. and its units, asks Judge Robert Gerber's
permission to employ Stutzman, Bromberg, Esserman & Plifka, A
Professional Corporation, as his counsel, nunc pro tunc February
24, 2010.

Mr. Trafelet avers that Stutzman is qualified to represent him in
the Debtors' Chapter 11 cases because of the firm's extensive
experience and knowledge in the field of corporate reorganization
and debtors' and creditors' rights.  In particular, SBEP has
significant expertise in bankruptcy cases involving mass tort
liabilities like the Debtors' cases, he adds.

Mr. Trafelet specifies that Sander L. Esserman, Esq., president
and a shareholder of Stutzman, was the court-appointed legal
representative for future asbestos claimants in the
administratively consolidated cases of, among others, National
Gypsum Company and Aancor Holdings Company.  Stutzman also serves
as general counsel to numerous trusts established under Section
524(g) of the Bankruptcy Code.  The firm also has considerable
experience in general corporate, real estate, litigation and tax
matters, says Mr. Trafelet.

As counsel to Mr. Trafelet, Stutzman will:

  (1) advise the Future Claimants' Representative with respect
      to his rights and obligations as Future Claimants'
      Representative for the future claimants and regarding
      other matters of bankruptcy law;

  (2) take actions necessary to protect and maximize the value
      of the Debtors' estate for the purpose of making
      distributions to future claimants and to represent Mr.
      Trafelet in connection with negotiating, drafting,
      confirming and implementing a plan of reorganization, and
      performing other functions to effectively represent the
      interests of the Future Claimants;

  (3) prepare, on behalf Mr. Trafelet, necessary applications,
      motions, objections, answers, orders, reports and other
      legal papers in connection with the administration of the
      Chapter 11 cases;

  (4) represent the Future Claimants' Representative at any
      proceeding or hearing before the Bankruptcy Court and in
      any action in any other court where Future Claimants'
      rights or interests may be litigated or affected; and

  (5) perform other legal services and other support requested
      by Mr. Trafelet in connection with the Chapter 11 cases.

Stutzman's professionals will be paid in accordance with these
hourly rates:

  Professional                Designation         Hourly Rate
  ------------                -----------         -----------
  Steven A. Felsenthal, Esq.  Shareholder             $725
  Sander L. Esserman, Esq.    Shareholder             $725
  Robert T. Brousseau, Esq.   Shareholder             $550
  Peter C. D'Apice, Esq.      Shareholder             $525
  David A. Klingler, Esq.     Shareholder             $425
  Jacob L. Newton, Esq.       Shareholder             $425
  Jo E. Hartwick, Esq.        Shareholder             $395
  Andrea L. Ducayet, Esq.     Shareholder             $385
  David J. Parsons, Esq.      Associate               $385
  William LePage, Esq.        Associate               $375
  Cliff I. Taylor, Esq.       Associate               $375
  Terrie D. Khoshbin, Esq.    Associate               $325
  Briana L. Cioni, Esq.       Associate               $300
  Heather J. Panko, Esq.      Associate               $300
  Rachael L. Stringer, Esq.   Associate               $250
  Cindy L. Jeffery            Paralegal               $175
  Heather Kennedy             Paralegal               $175
  Rosalinda Guerra            Paralegal               $165
  Melanie R. Fain             Paralegal                $95
  Gina Silva                  Paralegal                $95

The Stutzman Professionals will also be reimbursed for their out-
of-pocket expenses.

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

                       About General Motors

General Motors Company -- http://www.gm.com/-- is one of the
world's largest automakers, tracing its roots back to 1908.  With
its global headquarters in Detroit, GM employs 209,000 people in
every major region of the world and does business in some 140
countries.  GM and its strategic partners produce cars and trucks
in 34 countries, and sell and service these vehicles through these
brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel,
Vauxhall and Wuling.  GM's largest national market is the United
States, followed by China, Brazil, the United Kingdom, Canada,
Russia and Germany.  GM's OnStar subsidiary is the industry leader
in vehicle safety, security and information services.

GM acquired its operations from General Motors Company, n/k/a
Motors Liquidation Company, on July 10, 2009, pursuant to a sale
under Section 363 of the Bankruptcy Code.  Motors Liquidation or
Old GM is the subject of a pending Chapter 11 reorganization case
before the U.S. Bankruptcy Court for the Southern District of New
York.

At September 30, 2009, GM had US$107.45 billion in total assets
against US$135.60 billion in total liabilities.

                    About Motors Liquidation

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).  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.

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, serves as the Chief Executive
Officer for Motors Liquidation Company.  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.

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)


GREATER GERMANTOWN: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Greater Germantown Educational
         Development Corporation, Inc.
         4807-15 Germantown Avenue
         Philadelphia, PA 19144

Bankruptcy Case No.: 10-12021

Chapter 11 Petition Date: March 18, 2010

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

Judge: Chief Judge Stephen Raslavich

Debtor's Counsel: Albert A. Ciardi, III, Esq.
                  Ciardi Ciardi & Astin, P.C.
                  One Commerce Square
                  2005 Market Street, Suite 1930
                  Philadelphia, PA 19103
                  Tel: (215) 557-3550
                  Fax: (215) 557-3551
                  Email: aciardi@ciardilaw.com

                  Holly Elizabeth Smith, Esq.
                  Ciardi Ciardi & Astin
                  2005 Market Street, Suite 1930
                  Philadelphia, PA 19103
                  Tel: (215) 557-3550
                  Email: hsmith@ciardilaw.com

                  Thomas Daniel Bielli, Esq.
                  Ciardi Ciardi & Astin, P.C.
                  One Commerce Square
                  2005 Market Street, Suite 1930
                  Philadelphia, PA 19103
                  Tel: (215) 557-3550
                  Fax: (215) 557-3551
                  Email: tbielli@ciardilaw.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 Bruce L. Tabbs, president of the
Company.


GRUPO SENDA: Fitch Affirms Issuer Default Ratings at 'B-'
---------------------------------------------------------
Fitch Ratings has affirmed Grupo Senda Autotransporte, S.A., de
C.V.'s local and foreign currency Issuer Default Ratings and its
US$150 million senior secured guaranteed notes due in 2015 at 'B-'
and 'B-/RR4', respectively.  Fitch also has removed Grupo Senda's
ratings from Rating Watch Negative and assigned a Stable Outlook
to all ratings.

The rating action results from the turnaround in the company's
operating and financial performance beginning in the second half
of 2009 (2H'09) as well as the improving business and economic
environment in Mexico.  Grupo Senda is expected to continue to
benefit from the improvement in the Mexican economy, which is
expected to grow 4% during 2010 after a contraction of 6.5% during
2009, which should further improve its operational performance and
cash flow generation.  Higher operating profits over the next
several quarters should further reduce the company's still high
financial leverage.  Recent positive operating trends coupled with
improving market conditions have help lower the high refinancing
risks faced by the company during late 2008 and the 1H'09.

Grupo Senda's ratings reflect the company's leading market
position in the highly competitive and fragmented intercity bus
passenger transportation in Mexico, and limited financial
flexibility resulting from its high financial leverage and weak
liquidity.  The ratings also incorporate industry-related risks
such as seasonal fluctuations in passengers, cyclicality risk
affecting the personnel segment, and volatile fuel costs.
Positively, the company benefits from the importance of bus
transportation within Mexico that results from income constraints
that limit the ability of many people to use more expensive
alternative means of transportation such as automobiles or
airlines.  Grupo Senda is exposed to foreign exchange risks as 90%
of its revenues are in Mexican pesos and most of its debt is
denominated in U.S. dollars.

Turnaround Beginning To Take Hold:

Grupo Senda's cash flow generation, measured by EBITDA, began
trending positive during the 2H'09.  EBITDA for the first,
second, third, and fourth quarters of 2009 reached levels of
MXN81 million, MXN94 million, MXN167 million, and MXN187 million,
respectively.  EBITDA improvement was driven by tariff increases
of approximately 20% in the 2H'09 and resulted in margins of over
20% during the 2H'09.  For the year ending December 2009, EBITDA
total MXN528 million, which positively compares with the company's
latest 12 months EBITDA of MXN435 million ending June 2009; EBITDA
in fiscal 2009 was still 14% and 28% below EBITDA levels reached
during fiscal 2008 and 2007, respectively.

In addition to stronger fares, Grupo Senda rationalized several of
its routes, which helped boost financial results; operating
margins per bus decreased from MXN9,000 in the fourth quarter 2008
(4Q'08) to MXN -2,700, and MXN2,000 in the 1Q'09 and 2Q'09,
respectively, then increasing to MXN31,700 and MXN32,900 during
the 3Q'09 and 4Q'09, respectively.  The company's operating margin
per kilometer was MXN1.0 and MXN1.2 during the 3Q'09 and 4Q'09,
respectively.  These levels compare favorably with those reached
during the 1Q'09 and 2Q'09, MXN -0.1/km and MXN0.1/km,
respectively.

Liquidity Remains Weak:

Grupo Senda's cash position remains weak and it would continue to
have a high dependency on third parties to cover its liquidity
position as well as roll over short-term debt.  As of Dec. 31,
2009, Grupo Senda had MXN146 million of consolidated cash and
marketable securities and MXN375 million of short-term debt,
including MXN60 million in used credit lines.  The company's
financial strategy is to continue rolling over its short-term
debt, while trying to achieve a major refinancing, which would
allow the company to reduce the debt payments due in 2010 and 2011
of MXN375 million and MXN365 million, respectively.

Historically, the company's cash position has been low relative to
short-term debt.  The company's liquidity position, measured by
the ratio of cash to short-term debt was 0.39 times (x) by the end
of December 2009, which negatively compares to the levels the
company reached by the end of December 2007 and December 2008,
0.76x and 0.44x, respectively.  By the end of December 2009, the
company had unused uncommitted credit lines for a total amount of
MXN160 million, as an alternative source of liquidity.

Leverage Remains High:

Grupo Senda's leverage is high.  Recent trends in leverage mirror
the sharp deterioration in the company's cash flow generation,
measured by EBITDA, during the first two quarters of 2009 and its
partial recovery towards the end of 2009.  Grupo Senda's leverage,
measured by total net debt/EBITDAR, increased to 5.5x as of
Dec. 31, 2009, from 4.7x as of Dec. 31, 2008.  Fitch expects the
company to manage its balance sheet in the net-debt-to-EBITDAR
ratio around 4.0x-5.0x range over the next two years.

By the end of December 2009, on balance sheet debt totaled
MXN2,968 million (US$227 million), which primarily consists of
corporate bonds (MXN1,976 million or US$150 million), financial
leases (MXN680 million or US$52 million), long-term facilities
with local banks (MXN180 million or US$13.7 million); and used
credit lines with local banks (MXN60 million or US$4.6 million).
In addition, the company's rental expenses related to operating
leases during 2009 totaled approximately MXN40 million.  The
company expects to reach similar levels of rental expenses during
2010.

Business Strategy Adjusted:

In mid-2009, Grupo Senda abandoned its business strategy of
entering in new geographic areas with discounted prices to attract
passenger volume and began to re-focusing on geographic areas that
the company has a leading market share.  This strategy allowed the
company to help restore its fare structure to historical levels,
and rationalize its route network, which finally resulted in the
improvement of the company's operational results during the third
and fourth quarters of 2009.

In the short term, the company expects to continue to focus on
increasing its fares and improving its operating margins.  The
company expects to increase fares in the 5%-10% range during 2010.
In addition, the company is expanding its international service to
the United States.  Grupo Senda's international segment
represented approximately 12.5% of its revenues during 2009, and
the company expects this segment to grow to 15% to 20% of its
revenues within the next few years.

Grupo Senda is a holding company and a leading provider of
interstate passenger bus transportation and package delivery
services.  The company provides service on over 250 main routes
serving more than 1,000 destinations, in 15 Mexican states and
Texas.  Grupo Senda has a fleet of 2,511 buses, with an average
fleet age of 6.5 years, and approximately 7,600 employees.  The
company's total number of passenger per year is approximately of
57 millions.  Grupo Senda has two main business units: the
Passenger and the Personnel business units, which represent
approximately 80% and 20% of the company's total revenues,
respectively; and, 70% and 30% of the company's EBITDA,
respectively.


HAGOOD RESERVE: Files for Chapter 11 Bankruptcy in Charlotte
------------------------------------------------------------
The Charlotte Observer reports that Hagood Reserve has filed for
Chapter 11 bankruptcy protection.

Hagood listed assets and liabilities ranging from $1 million to
$10 million.  Creditors include Allen Tate & Associates, which is
owed $500,000, and Mecklenburg County, which is owed $42,000.

According to the report, Hagood Reserve was envisioned as a luxury
condo and townhome community in south Charlotte.  Hagood Reserve,
however, has been embroiled in various lawsuits since its lender
sued last year saying it was owed money.  Construction, which
began in 2008, stopped last year without any of the planned 36
units being built.

The bankruptcy petition, filed in Charlotte, halts the foreclosure
proceedings and civil lawsuits.


HARI OM Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------
Debtor: Hari Om Limited Partnership
        3093 Red Arrow Drive
        Las Vegas, CA 89135

Bankruptcy Case No.: 10-14347

Chapter 11 Petition Date: March 17, 2010

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

Judge: Mike K. Nakagawa

Debtor's Counsel: Jon T. Pearson, Esq.
                  Ballard Spahr Llp
                  100 North City Parkway, Suite 1750
                  Las Vegas, NV 89106
                  Tel: (702) 868-7541
                  Fax: (702) 471-7070
                  Email: pearsonj@ballardspahr.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/nvb10-14347.pdf

The petition was signed by Kusum Desai, general partner of the
company.

Debtor-affiliates that filed separate Chapter 11 petitions:

                                                    Petition
Debtor                                Case No.      Date
------                                --------      ----
Gastroenterology
  Center of Nevada, LLP                09-22776      7/17/09
Endoscopy Center of
  Southern Nevada, LLC                 09-22780      7/17/09
Desert Shadow Endoscopy Center, LLC    09-22784      7/17/09
Spanish Hills Surgical Center, LLC     09-28397      9/30/09
SAI K, LLC                             09-32044     11/23/09
Endoscopy Center of
  Southern Nevada II, LLC              10-10470      1/13/10
Desai, Dipak, M.D.                     10-13050      3/09/10


HARMONY PARK: Files Schedules of Assets & Liabilities
-----------------------------------------------------
Harmony Park LLC has filed with the U.S. Bankruptcy Court for the
Southern District of Ohio its schedules of assets and liabilities,
disclosing:

   Name of Schedule             Assets             Liabilities
   ----------------             ------             -----------
A. Real Property           $12,000,000

B. Personal Property                $0

C. Property Claimed as
   Exempt

D. Creditors Holding
   Secured Claims                                    $3,959,544

E. Creditors Holding
   Unsecured Priority
   Claims                                                    $0

F. Creditors Holding
   Unsecured Non-priority
   Claims                                                    $0
                           -----------              -----------
TOTAL                      $12,000,000               $3,959,544

North Bend, Ohio-based Harmony Park LLC filed for Chapter 11
bankruptcy protection on March 12, 2010 (Bankr. S.D. Ohio Case No.
10-11566).  Charles M. Meyer, Esq., and Deepak K. Desai, Esq., at
Santen & Hughes LPA, assist the Company in its restructuring
effort.


HARMONY PARK: Wants to Hire Santen & Hughes as Bankr. Counsel
-------------------------------------------------------------
Harmony Park LLC has sought authorization from the U.S. Bankruptcy
Court for the Southern District of Ohio to employ Santen & Hughes,
LPA, as bankruptcy counsel.

Santen & Hughes will, among other things:

     a. take necessary action to protect and preserve Debtor's
        estate, including the prosecution of actions on the
        Debtor's behalf, the defense of any actions commenced
        against the Debtor, the negotiations concerning litigation
        in which the Debtor is involved, and the objecting to
        claims filed against the estate;

     b. prepare motions, applications, answers, orders, reports,
        pleadings, notices, schedules and other documents in
        connection with the administration of the estate;

     c. negotiate and assist the Debtor in preparing a plan of
        reorganization, and all related documents;

     d. advise the Debtor and take part in the negotiation and
        documentation of potential transactions, financing
        agreements, debt restructuring, cash collateral orders and
        related transactions.

Santen & Hughes will be paid based on the hourly rates of its
personnel:

        Charles M. Meyer                    $360
        Deepak K. Desai                     $250

Charles M. Meyer, a partner at Santen & Hughes, assures the
Court that the firm is "disinterested" as that term is defined in
Section 101(14) of the Bankruptcy Code.

North Bend, Ohio-based Harmony Park LLC filed for Chapter 11
bankruptcy protection on March 12, 2010 (Bankr. S.D. Ohio Case No.
10-11566).  According to the schedules, the Company has assets of
$12,000,000, and total debts of $3,959,544.


HAWKER BEECHCRAFT: Bank Debt Trades at 19% Off in Secondary Market
------------------------------------------------------------------
Participations in a syndicated loan under which Hawker Beechcraft
is a borrower traded in the secondary market at 81.43 cents-on-
the-dollar during the week ended Friday, March 19, 2010, according
to data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents an increase of 3.71 percentage
points from the previous week, The Journal relates.  The Company
pays 200 basis points above LIBOR to borrow under the facility.
The bank loan matures on March 26, 2014, and carries Moody's Caa1
rating and Standard & Poor's CCC+ rating.  The debt is one of the
biggest gainers and losers among 195 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday.

As reported by the Troubled Company Reporter on Nov. 20, 2009,
Moody's affirmed Hawker Beechcraft Acquisition Company LLC's Caa2
Corporate Family and Probability of Default ratings but lowered
the rating on the company's senior secured bank obligations to
Caa1 from B3 following announcement of plans to expand the size of
its secured term loan.  At the same time, ratings on Hawker
Beechcraft's senior unsecured cash-pay and PIK election notes
(Caa3) and subordinated notes (Ca) were affirmed.  The company's
Speculative Grade Liquidity rating was changed to SGL-4,
designating weak liquidity, but is expected to improve once final
amounts sourced from an incremental term loan are known.  The
outlook was revised to negative.

The actions follow several developments: an amendment to the
company's revolving credit facility reducing the size of the
commitment and revising financial covenants, a proposed increase
of $200 million to an existing $1,271 million term loan,
disclosure of some $0.7 billion of non-cash impairment and other
charges during the company's third quarter.

On Nov. 19, 2009, the TCR stated that Standard & Poor's assigned
its 'CCC+' issue-level rating to Hawker Beechcraft Acquisition Co.
LLC's proposed $200 million incremental term loan, the same as the
corporate credit rating on parent Hawker Beechcraft Inc., and a
'4' recovery rating, which indicates S&P's expectation of average
(30%-50%) recovery in a payment default scenario.  In addition,
S&P affirmed its 'CCC+' corporate credit rating on Wichita,
Kansas-based Hawker Beechcraft.  The company has about
$2.15 billion of debt.


HEALTH MANAGEMENT: Bank Debt Trades at 4% Off in Secondary Market
-----------------------------------------------------------------
Participations in a syndicated loan under which Health Management
Associates, Inc., is a borrower traded in the secondary market at
96.08 cents-on-the-dollar during the week ended Friday, March 19,
2010, according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  This represents an increase
of 0.96 percentage points from the previous week, The Journal
relates.  The Company pays 175 basis points above LIBOR to borrow
under the facility.  The bank loan matures on Feb. 28, 2014, and
carries Moody's B1 rating and Standard & Poor's BB- rating.  The
debt is one of the biggest gainers and losers among 195 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

Headquartered in Naples, Florida, Health Management Associates,
Inc., owns and operates acute-care hospitals in non-urban
settings.  The company provides inpatient services such as general
surgery, and oncology as well as outpatient services such as
laboratory, x-ray and physical therapy services.  In addition,
some facilities also offer specialty services such as cardiology,
radiation therapy and MRI scanning.

Health Management carries a 'B1' long term corporate and
probability of default ratings, with stable outlook, from Moody's,
a 'B+' issuer credit ratings, with negative outlook, from Standard
& Poor's, and a 'B+' long term issuer default rating, with stable
outlook, from Fitch.


HERON LAKE BIOENERGY: Earns $2.6 Million in Q1 Ended January 31
---------------------------------------------------------------
Heron Lake BioEnergy, LLC, filed its quarterly report on Form 10-
Q, showing net income of $2.6 million on $29.4 million of revenue
for the three monhts ended January 31, 2010, compared with a net
loss of $6.2 million on $18.1 million of revenue for the same
period of 2009.

The Company's balance sheet as of January 31, 2010, showed
$113.4 million in assets, $71.5 million of debts, and
$41.9 million of members' equity.

The Company says that significant volatility in the commodity
markets caused margins in the ethanol industry to be negative
during portions of fiscal year 2009.  The Company had net income
of approximately $2.6 million in the quarter ended January 31,
2010, and used cash of approximately $1.3 million for operating
activities.  The Company incurred a loss of approximately
$11.3 million and used cash of approximately $8.3 million for
operating activities during the twelve months ended October 31,
2009.

"At January 31, 2010, and October 31, 2009, the Company was out of
compliance with covenants of its master loan agreement with AgStar
Financial Services, PCA.  In addition, the Company anticipates
that one or more of the covenants will not be met as of
October 31, 2010, and January 31, 2011, unless amended."

"If AgStar exercises its right to accelerate the maturity of the
debt outstanding under the master loan agreement or the line of
credit, the Company will not have adequate available cash to repay
the amounts currently outstanding at January 31, 2010.  Further,
while an event of default exists, the Company is not permitted to
borrow additional funds under its line of credit or revolving term
note without AgStar's consent.  "These factors raise substantial
doubt about the Company's ability to continue as a going concern."

A full-text copy of the annual report is available for free at:

               http://researcharchives.com/t/s?5b29

Heron Lake, Minn.-based Heron Lake BioEnergy, LLC was formed for
the purpose of constructing and operating a dry mill corn-based
ethanol plant near Heron Lake, Minnesota.  The plant has a stated
capacity to produce 50 million gallons of denatured fuel grade
ethanol and 160,000 tons of dried distillers' grains per year.
Production of ethanol and distillers' grains at the plant began in
September 2007.


HOG BROTHERS RECYCLING: Case Summary & 20 Largest Unsec. Creditors
------------------------------------------------------------------
Debtor: Hog Brothers Recycling, LLC
        9607 Dearborn Ave.
        Detroit, MI 48208

Bankruptcy Case No.: 10-48733

Chapter 11 Petition Date: March 18, 2010

Court: United States Bankruptcy Court
       Eastern District of Michigan (Detroit)

Judge: Phillip J. Shefferly

Debtor's Counsel: Charles J. Taunt, Esq.
                  700 East Maple Road, Second Floor
                  Birmingham, MI 48009-6359
                  Tel: (248) 644-7800
                  Email: cjtaunt@tauntlaw.com

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

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

According to the schedules, the Company has assets of $1,130,700,
and total debts of $9,375,628.

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

            http://bankrupt.com/misc/mieb10-48733.pdf

The petition was signed by Frank DeNardo Jr.


HOME OWNERSHIP: Moody's Withdraws 'Ba2' Rating on Preferred Stock
-----------------------------------------------------------------
Moody's Investors Service withdrew its rating on the cumulative
step-down preferred stock of Home Ownership Funding Corporation I
and II after affirming them at their Ba2 rating.  HOFC is a real
estate investment trust which is more than 99% owned by the
Federal Home Loan Mortgage Corporation (Freddie Mac).  Freddie
Mac's ratings are unaffected by this action.  Moody's has
withdrawn these ratings because HOFC is being re-organized by
Freddie Mac.

Moody's last rating action on Home Ownership Funding Corporation I
& II was on September 29, 2008, when Moody's downgraded the
cumulative step-down preferred stock rating to Ba2 from Aa2.

HOFC's ratings were assigned by evaluating factors Moody's believe
are relevant to the credit profile of the issuer, such as the
franchise value, risk positioning, operating and regulatory
environment and financial fundamentals of the company versus
others within its industry, as well as the projected performance
of the company over the near to intermediate term.  These
attributes were compared against other issuers both within and
outside of HOFC's core industry and HOFC's ratings are believed to
be comparable to those of other issuers of similar credit risk.


HPT DEVELOPMENT: Updated Case Summary with Creditors List
---------------------------------------------------------
Debtor: HPT Development Corporation
        8216 N. 62nd Place
        Paradise Valley, AZ 85253-2645

Bankruptcy Case No.: 10-06294

Chapter 11 Petition Date: March 10, 2010

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

Judge: Sarah Sharer Curley

Debtor's Counsel: D. Lamar Hawkins, Esq.
                  Aiken Schenk Hawkins & Ricciardi PC
                  4742 North 24th Street, Suite 100
                  Phoenix, AZ 85016
                  Tel: (602) 248-8203
                  Fax: (602) 248-8840
                  Email: dlh@ashrlaw.com

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

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

A full-text copy of the Debtor's list of creditors is available
for free at http://bankrupt.com/misc/azb10-06294.pdf


HPT DEVELOPMENT: Section 341(a) Meeting Scheduled for April 13
--------------------------------------------------------------
The U.S. Trustee for Region 14 will convene a meeting of creditors
in HPT Development Corporation's Chapter 11 case on April 13,
2010, at 11:30 a.m.  The meeting will be held at the US Trustee
Meeting Room, 230 N. First Avenue, Suite 102, Phoenix, AZ.

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.

Paradise Valley, Arizona-based HPT Development Corporation filed
for Chapter 11 bankruptcy protection on March 10, 2010 (Bankr. D.
Ariz. Case No. 10-06294).  D. Lamar Hawkins, Esq., at Aiken Schenk
Hawkins & Ricciardi PC, assists the Company in its restructuring
effort.  The Company listed $10,000,001 to $50,000,000 in assets
and $10,000,001 to $50,000,000 in liabilities.


HPT DEVELOPMENT: Wants Aiken Schenk as Bankruptcy Counsel
---------------------------------------------------------
HPT Development Corp. has sought permission from the U.S.
Bankruptcy Court for the District of Arizona to employ Aiken
Schenk Hawkins & Ricciardi P.C., as bankruptcy counsel.

ASHR will, among other things:

     a. prepare pleadings and applications;

     b. conduct examinations incidental to administration;

     c. take necessary action incident to the proper preservation
        and administration of the Debtor's estate; and

     d. advise the Debtor in the formulation and presentation of a
        plan pursuant to Chapter 11 of the U.S. Bankruptcy Code,
        the disclosure statement and concerning any and all
        matters relating thereto.

ASHR will be paid $130 to $440 per hour for its services.

The Debtor assures the Court that ASHR is "disinterested" as that
term is defined in Section 101(14) of the Bankruptcy Code.

Paradise Valley, Arizona-based HPT Development Corporation filed
for Chapter 11 bankruptcy protection on March 10, 2010 (Bankr. D.
Ariz. Case No. 10-06294).  D. Lamar Hawkins, Esq., at Aiken Schenk
Hawkins & Ricciardi PC, assists the Company in its restructuring
effort.  The Company listed $10,000,001 to $50,000,000 in assets
and $10,000,001 to $50,000,000 in liabilities.


HSH DELAWARE: Sees Creditors Being Paid in Full with Interest
-------------------------------------------------------------
HSH Delaware GP LLC asked the U.S. Bankruptcy Court to deny the
lenders' request for a Chapter 11 trustee to take over the
bankrupt estate.

HSH Delaware was formed in 2006 by J.C. Flowers & Co. to buy 26
percent of the German bank HSH Nordbank AG.  According to Bill
Rochelle at Bloomberg News, HSH said in papers filed with the
Bankruptcy Court that it believes the interest in the German bank
is worth enough to pay the lenders in full, with interest, while
providing a "sizeable recovery for the debtors' equity holders."

According to the report, just a month after the Chapter 11 filing,
secured lenders including Royal Bank of Scotland NV filed a motion
for the appointment of a Chapter 11 trustee.  The lenders, owed
$550 million, say HSH Delaware has no employees or operations and
the banks' collateral is worth less than the debt.

The lenders are also opposing financing that would come in ahead
of the banks' liens.  Financing would come from a J.C. Flowers
affiliate.

                        About HSH Delaware

HSH Delaware GP LLC is based in Wilmington, Delaware.

Nine HSH partnerships were created in 2006 to buy a 26% stake in
HSH Nordbank AG, the world's largest shipping financier, from
WestLB AG for about EUR1.25 billion ($1.76 billion).  The
partnerships received unsecured term and revolving loans of
EUR375 million from ABN AMRO bank to fund the purchase of HSH
Nordbank shares.

As reported by the Troubled Company Reporter on September 9, 2009,
creditors with claims aggregating $27.8 million filed a petition
to send affiliate HSH Delaware LP to Chapter 7 liquidation (Bankr.
D. Del. Case No. 09-13145).  Commerzbank AG, Lloyds TSB Bank Plc,
ABN Amro Bank NV, Calyon, Royal Bank of Scotland Plc and
Landsbanki Islands HF filed the involuntary Chapter 7 petition.

HSH Delaware filed for Chapter 11 bankruptcy protection on
January 21, 2010 (Bankr. D. Delaware Case No. 10-10187).  The
Company listed $100,000,001 to $500,000,000 in assets and
$100,000,001 to $500,000,000 in liabilities.

HSH Delaware's affiliates -- HSH Delaware L.P.; HSH Luxembourg
S.a.r.l.; HSH Luxembourg Coinvest S.a.r.l.; HSH Delaware GP LLC;
HSH Alberta I L.P.; HSH Alberta II L.P.; HSH Alberta V L.P.; HSH
Coinvest (Alberta) L.P.; JCF HSH (DE) GP LP; HSH Delaware L.P.;
HSH Luxembourg S.a.r.l.; and HSH Luxembourg Coinvest S.a.r.l. --
also filed separate Chapter 11 petitions.

John Henry Knight, Esq.; Lee E. Kaufman, Esq.; Mark D. Collins,
Esq.; and Robert J. Stearn Jr., Esq., assist the Debtors in their
restructuring effort.

The Debtors' Canadian Counsel is McCarthy Tetrault LLP.  The
Debtors' Chief Restructuring Officer is H Ronald Weissman.


INTERNATIONAL LEASE: Fitch Rates $2 Bil. Senior Notes at 'BB'
-------------------------------------------------------------
Fitch Ratings expects to rate International Lease Finance Corp's
planned issuance of $2 billion of unsecured senior notes 'BB'.
Maturity of the debt is evenly divided between 5.5 and 7 years.
Fitch has also assigned a 'BBB-' rating to the $750 million
secured term loan which closed yesterday.  The rating for the term
loan is two notches above ILFC's Issuer Default Rating of 'BB' and
is consistent with the rating that Fitch indicated it would assign
in a release dated March 1, 2010.

All of ILFC's ratings remain on Rating Watch Negative.

Fitch notes that the company's recent actions to issue
$1.3 billion of secured debt and $2 billion of unsecured debt are
consistent with their overall financing plans to generate
liquidity to repay near-term maturing debt obligations.  Fitch
recognizes that these actions demonstrate renewed access to credit
markets and represent positive momentum toward resolving near-term
liquidity requirements and reducing the need for further AIG
support and financing currently being provided by the Federal
Reserve.

Resolution of the Rating Watch Negative status remains contingent
upon ILFC's ability to continue to generate sufficient liquidity
through aircraft sales, extension or amendment of the current bank
facilities, and procurement of third-party debt financing to meet
substantial near-term funding requirements and to minimize the
likelihood for further support from AIG.

A primary rating concern is that AIG's willingness to extend
support to ILFC may be more limited than previously assumed and
may not extend beyond ILFC's efforts to restructure and generate
sufficient liquidity to meet forthcoming maturing debt
obligations.

Furthermore, ILFC's ability to reshape its funding platform to
provide a cost-efficient funding mix to support its business model
without subordinating current unsecured creditors is also a
primary rating concern.

Although Fitch continues to believe the volume of unencumbered
aircraft currently remains adequate to support repayment of
existing unsecured debt, significant further encumbrance of the
aircraft portfolio, either via indirect government support or
third-party secured financing may result in subordination of
existing unsecured creditors.

The recent issuances indicate early progress toward ILFC being
able to prevent secured financing from increasing to a point where
senior unsecured creditors become notably subordinated.  As of
Dec. 31, 2009, near-term debt maturities were substantial and
equal $14.4 billion in total over the next two years.  Also, the
$3.9 billion loan provided by the Federal Reserve Bank of New York
to AIG Funding and guaranteed by ILFC matures in 2013.  Thus,
given the still considerable level of maturing debt, ILFC will
need to demonstrate more progress with funding efforts before the
risk of senior unsecured being notched below the IDR can be
eliminated.

Additionally, the negative impact of higher overall funding costs
and the corresponding effect on underlying profitability and cash
flow represents a secondary concern.


I/OMAGIC CORP: Simon & Edward Raises Going Concern Doubt
--------------------------------------------------------
On March 19, 2010, I/OMagic Corporation filed its annual report on
Form 10-K for the year ended December 31, 2009.

Simon & Edward, LLP, in City of Industry, Calif., expressed
substantial doubt about the Company's ability to continue as a
going concern.  The independent auditors noted that of the
Company's significant operating losses, serious liquidity concerns
and need for additional financing in the foreseeable future.

The Company reported net income of $407,156 on $10.3 million of
revenue for the year ended December 31, 2009, compared to a net
loss of $4.3 million on revenue of $13.4 million for 2008.

The Company's balance sheet as of Dec. 31, 2009, showed
$3.2 million in assets and $5.0 million of debts, for a
stockholders' deficit of $1.8 million.

A full-text copy of the annual report is available for free at:

                 http://researcharchives.com/t/s?5b54

Irvine, Calif.-based I/OMagic Corporation sells electronic storage
products and other consumer electronics products in the North
American retail marketplace, which includes the United States and
Canada.


IMPERIAL INDUSTRIES: Posts $5.3 Million Net Loss in 2009
--------------------------------------------------------
Imperial Industries, Inc., filed its annual report on Form 10-K,
showing a net loss of $5.3 million on $8.6 million of revenue for
the year ended December 31, 2009, compared with a net loss of
$6.7 million on $10.0 million revenue for 2008.

Net sales for the fourth quarter ended December 31, 2009, were
$1.8 million, compared with $2.3 million for the same period in
2008.  Net loss for the three months ended December 31, 2009, was
$1.1 million, compared to a net loss of $2.1 million for the same
period in 2008.

In a press release Friday, S. Daniel Ponce, Imperial's Chairman of
the Board, stated: "2009 presented many challenges to our Company
and we expect the business environment in 2010 to continue to be a
difficult period characterized by low demand for the Company's
products due to the adverse economic conditions prevalent in the
construction industry and in particular the Company's primary
trade area of Florida.  In response to the current economic
landscape and an anticipated on-going lower product demand for our
products, our management has focused its efforts on cost reduction
initiatives, customer satisfaction and other cost control measures
within our control, taking steps to restructure our business in
line with existing market conditions.  The closure of the Just-
Rite distribution facilities and discontinuance of its operations
on June 11, 2009, eliminated our Company's need to provide funding
to support losses from these discontinued operations."

Mr. Ponce continued, "We are currently seeking a new commercial
lender to replace our existing lender and to increase the amount
of our line of credit to generate additional liquidity for our
continuing operations and enable us to pursue a geographic
expansion of our trade area.  We are hopeful all of our
initiatives will prove successful and enable us to navigate
through this prolonged industry downturn until economic conditions
improve."

The Company's balance sheet as of Dec. 31, 2009, showed
$8.1 million in assets, $8.0 million of debts, and $115,000 of
stockholders' equity.

Grant Thornton LLP, in Fort Lauderdale, Fla., expressed
substantial doubt about the Company's ability to continue as a
going concern.  The independent auditors noted that Company has
experienced a significant reduction in its sales volume.  In
addition, the independent auditors sayd that for the year ended
December 31, 2009, the Company has a loss from continuing
operations of roughly $1.2 million and is operating under a
forbearance arrangement with its primary lender, which is set to
expire on April 30, 2010.

A full-text copy of the annual report is available for free at:

                http://researcharchives.com/t/s?5b2e

A full-text copy of the press release is available for free at:

                http://researcharchives.com/t/s?5b2f

Pompano Beach, Fla.-based Imperial Industries, Inc. (OTC BB: IPII)
-- http://www.imperialindustries.com/-- manufactures and
distributes stucco, plaster and roofing products to building
materials dealers, contractors and others through its subsidiary,
Premix-Marbletite Manufacturing Co.  The Company sells its
products primarily in the State of Florida and to a certain extent
the rest of the Southeastern United States.


INNOVATIVE CONSULTING: Case Summary & 20 Largest Unsec. Creditors
-----------------------------------------------------------------
Debtor: Innovative Consulting Group, Inc.
        2817 Industrial Avenue
        P.O. Box 73
        Altoona, PA 16603

Bankruptcy Case No.: 10-70294

Chapter 11 Petition Date: March 19, 2010

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Johnstown)

Debtor's Counsel: James R. Walsh, Esq.
                  Spence Custer Saylor Wolfe & Rose
                  400 U.S. Bank Building
                  P.O. Box 280
                  Johnstown, PA 15907
                  Tel: (814) 536-0735
                  Fax: (814) 539-1423
                  Email: jwalsh@spencecuster.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/pawb10-70294.pdf

The petition was signed by Gabriel L. Pellegrini, president of the
Company.


IPS CORP: S&P Changes Outlook to Stable, Affirms 'B' Rating
-----------------------------------------------------------
Standard & Poor's Ratings Services revised its rating outlook on
Compton, Calif.-based IPS Corp. to stable from negative.

At the same time, S&P affirmed its ratings on the company,
including the 'B' corporate credit rating.

"The outlook revision reflects S&P's expectation that the
company's operating performance and liquidity profile will likely
improve modestly over the next 12 months because of stabilizing
residential construction and expanding international sales," said
Standard & Poor's credit analyst Thomas Nadramia.  In addition,
S&P's forecast expects total leverage (excluding its paid-in-kind
[PIK] preferred stock) to improve to below 5x by the end of 2010,
a level S&P would consider to be in line with the 'B' rating.
Furthermore, the company has improved its liquidity profile with
healthy levels of cash balances relative to its near-term
requirements and full availability under its $20 million revolving
credit facility.

The stable rating outlook reflects S&P's expectation that IPS will
continue to produce positive cash flow despite challenging
residential and commercial construction end markets due to its
good operating margins, recently reduced operating costs, and
greater penetration into international markets.  S&P expects an
improvement in the company's leverage ratio to below 5x over the
next several quarters as a result of improved EBITDA.
Furthermore, S&P thinks liquidity, in terms of cash, availability
under the revolving credit facility, and cash flow from operations
will remain more than sufficient to service fixed charges of about
$14 million (including cash interest expense, capital
expenditures, and any required term loan amortization) over the
intermediate term.  Although unlikely in the near term, S&P could
take a positive rating action if IPS experiences greater-than-
expected growth in profitability because of a more robust recovery
in residential construction and a material reduction in debt such
that leverage would be maintained below 4x on a sustained basis,
which could occur if EBITDA grew at a faster rate and the company
dedicated excess cash flow to debt reduction.

Conversely, S&P could lower the rating if the company doesn't
remain cash flow positive, and leverage deteriorated and remained
above 6x.  S&P could also do so if interest coverage falls below
1.5x for a sustained period, which could occur if construction end
markets fell further from current weak levels.


ITRON INC: Moody's Affirms Corporate Family Rating at 'B1'
----------------------------------------------------------
Moody's Investors Service affirmed all ratings of Itron Inc.
including the company's B1 corporate family, B1 probability of
default and Ba3 senior secured ratings.  Itron's ratings outlook
was revised to positive from stable to reflect Moody's expectation
that Itron's operating results may trend favorably through the
near term, which could support ratings improvement.

Rating Affirmations:

  -- Corporate Family Rating at B1

  -- Probability of Default Rating at B1

  -- Senior Secured Bank Credit Facility at Ba3 (to LGD3, 32% from
     LGD3, 35%)

Outlook Actions:

  -- Changed to Positive From Stable

Itron reduced debt by approximately $400 million in 2009 (down
about 35% from 2008) through primary equity proceeds, debt to
equity conversions (exchangeable notes) and free cash flow
generation.  This debt reduction enabled the company to sustain
certain leverage metrics despite lower revenues and operating
income resulting from weak economic conditions.  After operating
income experienced downward trends for the prior five quarters,
modest growth was recorded in Q4/09 supported by increased
shipments.  With economic growth picking up, backlog levels
increasing, and recent clarity over how Advanced Metering
Infrastructure solutions qualify for Government stimulus funding,
operating results are expected to improve through the rating
horizon.  This improvement should alleviate lingering bank
facility covenant constraints, which persist as covenants tighten
materially over the next few quarters.  With key metrics already
strong for Itron's B1 rating, continued improvement in
profitability would support upwards rating action.

Itron's B1 rating reflects the company's strong market position as
one of the top three global metering companies.  The rating also
benefits from a certain level of operating stability provided by
Itron's strong backlog level, good degree of recurring replacement
revenues and its favorable geographic and customer diversification
characteristics.  Key constraints within Itron's rating include
its singular industry focus and resulting exposure to the spending
cycles of various utilities, which can be influenced by both the
level of general economic activity and the pace at which
technological change is adopted.  Additionally, industry
competition remains intense and may intensify further over time as
the smart-grid evolves and non-traditional players potentially
enter the market.  The rating is additionally tempered by
relatively short period of time over which operating results have
demonstrated improving trends combined with the potential that the
company may continue to operate with modest bank financial
covenants headroom through the near term.

The ratings may be considered for an upgrade should the company
sustain adjusted Debt/EBITDA below 4.5x and free cash flow to debt
in the low double digits.  Sustained metrics associated with a
downgrade would include Debt/EBITDA approaching 5.5x or EBITA/
Interest below 1.5x.  Ratings pressure could also develop if the
company's liquidity profile deteriorates from expected levels.

Moody's last rating action was on March 19, 2007, when Moody's
downgraded Itron's corporate family rating to B1 from Ba3.

Headquartered in Liberty Lake, Washington, Itron is a leading
provider of metering and related communication systems to
electric, gas and water utilities globally.  Revenues for 2009
totaled approximately $1.7 billion.


JAYEL CORP: Taps Blair and Brady as Bankruptcy Counsel
------------------------------------------------------
Jayel Corp. has asked for permission from the U.S. Bankruptcy
Court for the Western District of Arkansas to employ the law firm
of Blair and Brady as bankruptcy counsel.

Blair and Brady will, among other things:

     (a) advise the Debtor concerning and assisting in the
         negotiation and documentation of financing agreements,
         cash collateral order and related transactions;

     (b) investigate into the nature and validity of liens
         asserted against the property of the Debtor and advise
         the Debtor concerning the enforceability of said liens;

     (c) investigate into, advising the Debtor concerning, and
         taking the action as may be necessary to collect and, in
         accordance with applicable law, recover property for the
         benefit of the Debtor's estate;

     (d) prepare on behalf of the Debtor such applications,
         motions, pleadings, orders, notices, schedules and other
         documents as may be necessary and appropriate, and
         reviewing the financial and other reports to be filed
         herein.

Blair and Brady will be paid based on the hourly rates of its
personnel:

         Partners            $180
         Associates          $100
         Paralegals        $45-$55

Donald A. Brady at Blair and Brady assures the Court that the firm
is "disinterested" as that term is defined in Section 101(14) of
the Bankruptcy Code.

Bentonville, Arkansas-based Jayel Corporation filed for Chapter 11
bankruptcy protection on March 5, 2010 (Bankr. W.D. Ark. Case No.
10-71120).  According to its schedules, the Company has
$14,532,395 in assets and $9,317,149 in liabilities.


JOHN MANEELY: Bank Debt Trades at 5% Off in Secondary Market
------------------------------------------------------------
Participations in a syndicated loan under which John Maneely
Company is a borrower traded in the secondary market at 95.13
cents-on-the-dollar during the week ended Friday, March 19, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents an increase of 0.68
percentage points from the previous week, The Journal relates.
The Company pays 325 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Dec. 9, 2013, and carries
Moody's B3 rating and Standard & Poor's B rating.  The debt is one
of the biggest gainers and losers among 195 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Headquartered in Beachwood, Ohio, John Maneely Company
manufactures steel pipe, hollow structural steel, electrical
conduit products and tubular products at ten manufacturing
facilities in the U.S. and Canada.  The Company is number one or
two in its key product areas: HSS, standard pipe and electrical
conduit.  JMC also enjoys leading market positions in the
galvanized mechanical tube and fittings markets.  Its products are
sold principally to plumbing and electrical distributors.  JMC's
parent, DBO Holdings, Inc., is approximately 55% owned by the
Carlyle Partners IV, LP.


KORLEY SEARS: Gets Okay to Close Sale of Property to West Central
-----------------------------------------------------------------
Korley B. Sears sought and obtained authorization from the Hon.
Thomas L. Saladino of the U.S. Bankruptcy Court for the District
of Nebraska to complete and close the sale of property in Holt
County Nebraska.

The property includes Section 5 SW 1/4 and Section 6 S 1/2 S 1/2 N
1/2, all in Township 30, Range 14 West of the 6th P.M., and
associated personal property (Korleys Holt County Irrigation
Equipment).  The interests of the Debtor's Chapter 11 estate in
Korley's Holt County Real Property and Korley's Holt County
Irrigation Equipment may encompass substantially all of the assets
of the Chapter 11 estate.

Korley's Holt County Real Property and Korley's Holt County
Irrigation Equipment appear to be validly encumbered by a first
priority lien and by a first priority security interest in favor
of Commercial National Bank of Ainsworth (the Commercial National)
securing valid debts.

Before filing for bankruptcy, the Debtor had entered into a
Liquidation Agreement with Commercial National to sell Korley's
Holt County Real Property at public auction and to sell other
property.  The Debtor also entered into an Auction Agreement with
TARD Inc., dba Waldo Realty, for the advertisement and sale at
public auction of Korley's Holt County Real Property and Korley's
Irrigation Equipment.

In November 2009, Waldo Realty conducted a public auction of
Korley's Holt County Real Property and of Korley's Holt County
Irrigation Equipment.  The highest bid came from West Central Land
LLP, which offered $3,151,000.  The Debtor and West Central then
entered into a purchase agreement, an executor contract.  West
Central has made a 10% down payment(s) totaling $315,110.

The Debtor's assets include ownership of 50% of AFY Inc.  Before
the auction, AFY had entered into a Debt Reduction and Forbearance
Agreement with Farm Credit Services of America PCA and Farm Credit
Services of America FLCA (collectively the Farm Credit) and with
the Debtor, his father Robert A. Sears, and other entities which
the Debtor and his father each had ownership interests of 50%.
Farm Credit appears to have first priority liens and first
priority security interests in the real and personal property of
AFY securing valid debts.

Much of the real property and personal property of AFY was offered
for sale pursuant to the auction contract between AFY and Waldo
Realty at the public auction, at the same time as Korley's Holt
County Real Property was offered for sale.  A purchase agreement
between AFY and West Central was entered into by AFY and West
Central.

Commercial National will receive most of the proceeds from the
sale of Korley's Holt County Real Property and Korley's Holt
County Irrigation Equipment.

The Debtor is authorized to assume and perform the Purchase
Agreement between Debtor and West Central and the Auction
Agreement with Waldo Realty.

The Debtor is authorized to consent to the payment at closing of
the sale transactions to allow the closing agent to make payment
of the agreed costs of sale, including Waldo Realty's commission
and charges, applicable real estate taxes, title insurance premia,
customary closing costs; to distribute $353,778.73 to the Escrow
Agent consistent with the Liquidation Agreement; to distribute an
additional $10,400 to the escrow agent to pay quarterly fees to
the United States Trustee Program for the current quarter, if the
same are ultimately determined to be payable by Debtor; and to
distribute to Commercial National the sum of $2,703,960.37
representing partial satisfaction of the secured claim of
Commercial National.

The balance of Commercial National's secured claim, $31,655.90
plus interest accruing after February 16, 2009, on the sum, will
be secured by the funds held in an escrow account.  The escrow
account will be subject to the lien of Farm Credit, if any, junior
in priority to the lien of Commercial National, representing
proceeds of the sale of Korley's Holt County Irrigation Equipment.

                        About Korley Sears

Ainsworth, Nebraska-based Korley B. Sears filed for Chapter 11
bankruptcy protection on February 2, 2010 (Bankr. D. Neb. Case No.
10-40277).  Jerrold L. Strasheim, Esq., who has an office in
Omaha, Nebraska, assists the Company in its restructuring effort.
The Company listed $1,000,001 to $10,000,000 in assets and
$10,000,001 to $50,000,000 in liabilities.


KRAMERIA LLC: Case Summary & 1 Largest Unsecured Creditor
---------------------------------------------------------
Debtor: Krameria LLC
        22341 Tumbleweed Drive
        Canyon Lake, CA 92587

Bankruptcy Case No.: 10-17761

Chapter 11 Petition Date: March 19, 2010

Court: United States Bankruptcy Court
       Central District of California (Riverside)

Judge: Catherine E. Bauer

Debtor's Counsel: J. Dana Mitchellweiler, Esq.
                  4204 Riverwalk Parkway, Suite 250
                  Riverside, CA 92505
                  Tel: (951) 509-1355

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

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

According to the schedules, the Company has assets of $4,000,000
and total debts of $7,511,404.

The Debtor identified Franchise Tax Board with debt claim for $800
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/cacb10-17761.pdf

The petition was signed by Mark Warmoth, manager of the Company.


LEE ANTHONY ROSSI: Case Summary & 1 Largest Unsecured Creditor
--------------------------------------------------------------
Debtor: Lee Anthony Rossi
           dba Rossi Dairy Produce, LLC
        3208 WCR 49
        Hudson, CO 80642

Bankruptcy Case No.: 10-15985

Chapter 11 Petition Date: March 19, 2010

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Judge: Michael E. Romero

Debtor's Counsel: Lee M. Kutner, Esq.
                  303 E. 17th Ave., Ste. 500
                  Denver, CO 80203
                  Tel: (303) 832-2400
                  Email: lmk@kutnerlaw.com

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

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

According to the schedules, the Company has assets of $1,206,675
and total debts of $1,958,000.

The Debtor identified Summitbridge Credit Investments, LLC with
debt claim for 755,000 ($1,200,000 secured) as its largest
unsecured creditor. A list of the Company's largest unsecured
creditor is available for free at:

             http://bankrupt.com/misc/cob10-15985.pdf

The petition was signed by Lee Anthony Rossi.


LENOX CONDOMINIUM: Files for Bankruptcy to Seek Loan Extension
--------------------------------------------------------------
Amanda Fung at Crain's New York Business reports that Lenox
Condominium filed for Chapter 11 bankruptcy with a $10 million
mortgage on its unsold units due.  The filing will allow the
Company to negotiate with lender Capital One for a loan extension.

Lenox Condominium owns a condominium in Harlem, New York.  Lenox
listed assets and debts of $10,000,001 to $50,000,000 in its
bankruptcy petition.

Robert R. Leinwand, Esq., at Robinson Brog Leinwand Greene
Genovese, represents the Debtor.


LESARRA ATTACHED: Section 341(a) Meeting Scheduled for April 19
---------------------------------------------------------------
The U.S. Trustee for Region 17 will convene a meeting of creditors
in Lesarra Attached Homes, L.P's Chapter 11 case on April 19,
2010, at 2:00 p.m.  The meeting will be held at 300 Booth Street,
Room 2110, Reno, NV 89509.

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.

Reno, Nevada-based Lesarra Attached Homes, L.P., filed for Chapter
11 bankruptcy protection on March 12, 2010 (Bankr. D. Nev. Case
No. 10-50808).  Stephen R. Harris, Esq., at Belding, Harris &
Petroni, Ltd, assists the Company in its restructuring effort.
The Company listed $10,000,001 to $50,000,000 in assets and
$10,000,001 to $50,000,000 in liabilities.


LESARRA ATTACHED: Taps Belding Harris as General Bankr. Counsel
---------------------------------------------------------------
Lesarra Attached Homes, L.P., has asked for permission from the
U.S. Bankruptcy Court for the District of Nevada to employ
Belding, Harris & Petroni, Ltd., as general bankruptcy counsel.

Belding Harris will, among other things:

     a. examine the preparation of records and reports as required
        by the U.S. Bankruptcy Code, the Federal Rules of
        Bankruptcy Procedure and the Local Bankruptcy Rules;

     b. prepare applications and proposed orders to be submitted
        to the Court;

     c. examine proofs of claim anticipated to be filed and the
        possible prosecution of objections to certain claims; and

     d. advise the Debtor and prepare documents in connection with
        the contemplated ongoing operation of the Debtor's
        business, if any.

Belding Harris will be paid based on the hourly rates of its
personnel:

        Stephen R. Harris                  $400
        Chris D. Nichols                   $350
        Gloria M. Petroni                  $375
        Paraprofessional Services          $195

The Debtor assures the Court that Belding Harris is
"disinterested" as that term is defined in Section 101(14) of the
Bankruptcy Code.

Reno, Nevada-based Lesarra Attached Homes, L.P., filed for Chapter
11 bankruptcy protection on March 12, 2010 (Bankr. D. Nev. Case
No. 10-50808).  Stephen R. Harris, Esq., at Belding, Harris &
Petroni, Ltd, assists the Company in its restructuring effort.
The Company listed $10,000,001 to $50,000,000 in assets and
$10,000,001 to $50,000,000 in liabilities.


LONGVIEW POWER: Moody's Downgrades Ratings on Senior Loan to 'B2'
-----------------------------------------------------------------
Moody's Investors Service has downgraded the senior secured credit
facilities of Longview Power, LLC, to B2 from Ba3.  The outlook
has been revised to negative.  The downgrade reflects Moody's
significantly weaker expectations for the project's financial
performance relative to the time of the financing due to the
significant deterioration in wholesale energy markets and a
substantial increase in projected fuel supply costs.  According to
Moody's Senior Analyst Aaron Freedman, "Unless there is meaningful
recovery in the energy market in which the project is located,
Moody's believes Longview will be challenged to achieve 1.0x debt
service coverage in 2011, its first year of operations, during
which it is almost wholly exposed to the market."  While a modest
recovery is expected beyond that point, the project is likely to
pay down significantly less debt over the term of its loan than
was initially expected, which increases refinancing risk when the
loan matures in 2014

The negative outlook considers that the project also faces a
heightened risk that it will fail to achieve substantial
completion by the guaranteed substantial completion date in March
of 2011, which increases the possibility that there will be
insufficient funds to complete the project and would reduce the
project's first year cash flows even further.  The outlook also
considers Moody's view that the project will be further challenged
to achieve its forecast operating parameters, particularly for its
first year of operations, when new power projects often experience
significant "shake down" problems.  Failure to achieve projected
plant heat rates, levels of electrical generation, or projected
operating and maintenance expenses would result if further
downward pressure on the project's financial performance.

As a result of a sharp drop in electric demand due to the
recession, peak period market implied heat rates were just 8,600
mmBtu/kWh in 2009, almost 20% below the sponsor's base case
forecast for 2011 of 10,600, the project's first year of
operations.  While some recovery is anticipated by that time, it
is likely to be relatively modest and actual heat rates are now
expected to be well below initial projections.  Off-peak implied
market heat rates in 2009 were actually slightly higher than
forecast, at 6,600 vs. 6,100, but this was because gas prices were
so low that gas-fired units were displacing less-efficient coal
units in the dispatch stack.

The decline in gas prices is expected to have nearly as
significant an effect on the project's financial performance as
the drop in market heat rates.  While Moody's expects some
recovery in gas prices from 2009 levels, Moody's currently project
that they will be nearly 25% lower in 2012 than the sponsor's
initial forecast of $6.55/mmBtu, at approximately $5.00
(increasing to $5.50 in 2012).  The project has entered into a gas
hedge covering approximately 50% of its expected on-peak
uncontracted generation between September 2011 and May 2014 in
order to protect itself from downside risk related to gas prices.
With a floor price of $5.75/mmBtu, however, the hedge does not
provide much benefit in Moody's revised forecast, nor does it
protect the project from deterioration in market heat rates.

The impact of the deterioration in the energy market on the
project has been exacerbated by a significant increase in the
project's fuel costs.  Due to a renegotiation of the coal supply
contract pursuant to change in law provisions to accommodate
increased production costs resulting from new, more stringent
mining regulations, projected coal prices have increased to
$47/ton ($20/MWh) in 2011 from $31.50/ton ($12/MWh).  The
project's competitively priced coal contract was considered to be
one of its one of its primary competitive advantages and a key
credit strength.  While management maintains that the entire
industry has been affected by these increased costs, Moody's
believes that the impact has been proportionately more severe for
the project.

As a result of these developments, unless there is some recovery
in energy markets, dark spreads are projected to fall to below
$30/MWh from $61/MWh in the sponsor's original base case.  Because
energy payments under the project's 300 MW financially settled
power purchase agreement do not commence until January 1, 2012,
the project is wholly exposed to the merchant market in its first
year of operations with the exception of approximately $33 million
in estimated capacity revenues.  (A portion of these are either
fixed by the project's PPA and the price for the remaining
capacity for the project's first two years of operation has
already be determined by public auction.)

Debt service coverage could drop from 2.4x to a low as 0.85x,
assuming the project is able to achieve its operating expense
forecast.  Even if peak period heat rates improve to 9,600, debt
service coverage could remain below 1.0x according to Moody's
projections.  However, Moody's believes the project is likely to
encounter operating challenges as it goes through "shake down" in
its first year of operations, which would reduce its output and
efficiency and increase operating costs.  Coverage could improve
slightly to 1.2x in 2012 when the $55/MWh energy payments under
the hedge commence.

In addition, Moody's notes that the project terminated its long-
term financial transmission rights contracts in 2008.  Although
this will save the project $15 million in annual operating costs,
it will leave Longview exposed to a higher degree of concentration
risk as well as basis risk under the PPA.  While this was not a
sufficient concern to change the rating in and off itself, it does
expose the project to incremental risk and when taken in
conjunction with other more recent developments, has helped
contribute to the meaningful deterioration in credit quality.

Construction is now scheduled to be substantially complete on
March 6, 2011.  This is over a month behind the previous target,
though it remains a week prior to the guaranteed substantial
completion date.  Engineering and procurement were nearly 100%
complete and construction was 75% complete as of March 8.
Nevertheless, "the guaranteed substantial completion date of
March 12, 2011, continues to be in serious jeopardy" according to
the Independent Engineer.  If substantial completion is delayed
beyond the guaranteed substantial completion date, the EPC
contractor may be liable to pay delay liquidated damages of
$275,000 per day, which is expected to be sufficient to cover
interest and all other ongoing fixed costs.  However, Moody's
believes that the contractor could seek to dispute any claims made
against it for delay LDs.  Moody's note that the contractor has
filed numerous notices of potential force majeure that remain open
and through which it might seek to justify attempts to dispute its
obligation to pay LDs.  That said, if the contractor fails to pay
LDs in a timely manner, the project can draw on up to $40 million
in letters of credit provided by the contractor until any such
disputes are resolved.

The project has $43 million in contingency funds remaining out of
a total of $106 million ($74 million initial plus $32 million
additional equity contribution).  However, the construction budget
relies upon $42 million in startup revenues and assumes an average
energy price of $53/MWh.  The project will be challenged to
achieve this amount in light of current market conditions.  To the
extent that these revenues are lower than forecast, the remaining
contingency will be reduced by a corresponding amount.  As a
result, while design is complete and there is a relatively small
proportion of project costs that have yet to be incurred (a high
proportion of which are already subject to fixed-price contracts),
change orders could still result in increased costs for which the
remaining contingency funds could be inadequate.

The rating could be downgraded further unless the project is
successfully completed on time and within budget and is able to
achieve debt service coverage of at least 1.0x in its first year
of operations, which would depend on a meaningful recovery of
energy markets over the next two years.  Given the negative
outlook, the rating is unlikely to be upgraded in the near future
but the outlook could stabilize if the project is completed on
time and on budget and it is able to achieve coverage in excess of
1.0x in its first year of operations.

The last rating action on the company was on February 7, 2007,
when it was assigned a Ba3 rating.

Longview Power, LLC, is a special purpose entity created to
construct, own, and operate a 695MW coal-fired power plant to be
located in Maidsville, WV, just south of the Pennsylvania border
and approximately 70 miles south of Pittsburgh.  The project is
being sponsored by a fund managed by First Reserve, a private
equity firm specializing in energy industry investments, and
developed by GenPower, LLC.


LOUIS AMBROSE THOMANN: Case Summary & 20 Largest Unsec. Creditors
-----------------------------------------------------------------
Debtor: Louis Ambrose Thomann
        120 East Jones Street
        Savannah, GA 31401

Bankruptcy Case No.: 10-40614

Chapter 11 Petition Date: March 19, 2010

Court: United States Bankruptcy Court
       Southern District of Georgia (Savannah)

Debtor's Counsel: C. James McCallar, Jr., Esq.
                  McCallar Law Firm
                  P.O. Box 9026
                  Savannah, GA 31412
                  Tel: (912) 234-1215
                  Fax: (912) 236-7549
                  Email: mccallarlawfirm@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 Mr. Thomann's petition, including a list of
his 20 largest unsecured creditors, is available for free at:

            http://bankrupt.com/misc/gasb10-40614.pdf

The petition was signed by Mr. Thomann.


MAGNA ENTERTAINMENT: CA Racing Board Balks at Disclosure Statement
------------------------------------------------------------------
California Horse Racing Board objected in the U.S. Bankruptcy
Court for the District of Delaware to Magna Entertainment Corp.'s
disclosure statement, arguing that the characterization by the
Debtor that those entities designated by California statutes
receive a portion of the pari-mutuel wagering pools are debts of
unsecured creditors, according to Standardbread Canada.

The Racing Board asserted that those monies were never property of
the Debtor's estate instead it belongs to the entities entitled to
receive them, report relates.

Magna Entertainment and its units will seek approval on March 23
of the disclosure statement explaining their proposed plan of
reorganization.  Magna will be able to commence soliciting votes
on, then seek confirmation of the Plan, following approval of the
Disclosure Statement.

MI Developments Inc. and the Official Committee of Unsecured
Creditors of MEC serve as co-proponents of the Plan.

The backbone of the Plan is a settlement of the lawsuit commenced
by the Creditors Committee against, among others, MID and MEC. The
Creditors Committee had commenced an adversary proceeding against
MID Islandi sf., the Debtors' largest prepetition secured lender,
MI Developments Inc., Magna Entertainment's controlling
shareholder, and certain other third party defendants asserting,
among other things, claims of fraudulent transfer, equitable
subordination, recharacterization and breaches of fiduciary duty.

The plan proponents have entered into a Support Agreement pursuant
to which, among other things, MID and the Committee agreed to
support the Plan and MEC agreed to seek approval of the Disclosure
Statement in the Bankruptcy Court on or prior to March 31 and
obtain confirmation of the Plan by the Bankruptcy Court on or
prior to April 30.  The Support Agreement may be terminated if,
among other things, the Bankruptcy Court denies confirmation of
the Plan.

A copy of the Plan is available for free at:

   http://bankrupt.com/misc/Magna_Ch11Plan_Feb18.pdf

A copy of the Disclosure Statement is available for free at:

   http://bankrupt.com/misc/Magna_DiscStatement_Feb18.pdf

                   About Magna Entertainment

Based in Aurora, Ontario, Magna Entertainment Corp. is North
America's largest owner and operator of horse racetracks based on
revenue.  The Company develops, owns and operates horse racetracks
and related pari-mutuel wagering operations, including off-track
betting facilities.  MEC also develops, owns and operates casinos
in conjunction with its racetracks where permitted by law.

MEC owns and operates AmTote International, Inc., a provider of
totalisator services to the pari-mutuel industry, XpressBet(R), a
national Internet and telephone account wagering system, as well
as MagnaBet(TM) internationally.  Pursuant to joint ventures, MEC
has a 50% interest in HorseRacing TV(R), a 24-hour horse racing
television network, and TrackNet Media Group LLC, a content
management company formed for distribution of the full breadth of
MEC's horse racing content.

Following its failure to meet obligations to lenders led by PNC
Bank, National Association, and Wells Fargo Bank, National
Association, and controlling shareholder MI Developments Inc.'s
decision not to provide further financial backing, Magna
Entertainment Corp. and 24 affiliates filed for Chapter 11 on
March 5, 2009 (Bankr. D. Del. Lead Case No. 09-10720).

Marcia L. Goldstein, Esq., and Brian S. Rosen, Esq., at Weil,
Gotshal & Manges LLP, have been engaged as bankruptcy counsel.
Mark D. Collins, Esq., L. Katherine Good, Esq., and Maris J.
Finnegan, Esq., at Richards, Layton & Finger, P.A., are the
Debtors' local counsel.  Miller Buckfire & Co. LLC is the Debtors'
investment banker and financial advisor.  Kurtzman Carson
Consultants LLC is the claims and noticing agent for the Debtors.

Magna Entertainment Corp. had total assets of $1.054 billion and
total liabilities of $947.3 million based on unaudited
consolidated financial statements as of December 31, 2008.


MAMMOTH HENDERSON: Wants Access to Rents Securing U.S. Bank Loan
----------------------------------------------------------------
Mammoth Henderson II, LLC, asks the U.S. Bankruptcy Court for the
Central District of California for authority to use rents
generated by its primary asset -- a real property located at 2520-
2550 St. Rose Parkway, Henderson, Nevada.

The Debtor needs money to operate its business and generate the
funds to preserve the value of the real property for the benefit
of all creditors.

The real property rents are subject only to the security interest
of U.S. Bank, N.A.

The Debtor relates U.S. Bank did not commit in a stipulation for a
postpetition cash collateral other than those requested for
emergency expenses.

The Debtor states that adequate protection exists when it uses
cash collateral for its ordinary and necessary operating expenses
so long as the value of the underlying collateral is maintained.

A hearing on the requested cash collateral use will be held on
April 21, 2010, at 2:00 p.m. at Ronald Reagan Federal Bldg., 411
W Fourth St., Courtroom 5D Santa Ana, California.

                  About Mammoth Henderson II LLC

San Juan Capistrano, California-based Mammoth Henderson II LLC
filed for Chapter 11 bankruptcy protection on November 5, 2009
(Bankr. C.D. Calif. Case No. 09-22234).  Thomas C. Corcovelos,
Esq., who has an office in Manhattan Beach, California, assists
the Company in its restructuring efforts.  According to the
schedules, the Company has assets of $24,002,100, and total debts
of $20,895,296.


MASSEY ENERGY: $960 Mil. Deal Won't Affect Moody's 'B1' Rating
--------------------------------------------------------------
Moody's commented that Massey Energy Company's recently announced
purchase of Cumberland Resources Corporation for $960 million has
no immediate impact on the company's B1 corporate family rating.

The rating outlook remains stable.


MATERA RIDGE: Section 341(a) Meeting Scheduled for April 12
-----------------------------------------------------------
The U.S. Trustee for Region 17 will convene a meeting of creditors
in Matera Ridge, LLC's Chapter 11 case on April 12, 2010, at
2:00 p.m.  The meeting will be held at 300 Booth Street, Room
2110, Reno, NV 89509.

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.

Reno, Nevada-based Matera Ridge, LLC, filed for Chapter 11
bankruptcy protection on March 10, 2010 (Bankr. D. Nev. Case No.
10-50749).  Stephen R. Harris, Esq., at Belding, Harris & Petroni,
LTD, assists the Company in its restructuring effort.  The Company
listed $10,000,001 to $50,000,000 in assets and $10,000,001 to
$50,000,000 in liabilities.


MEDICOR LTD: Panel Seeks Nod of Settlement with D&Os, Insurers
--------------------------------------------------------------
BankruptcyData.com reports that MediCor's official committee of
unsecured creditors filed with the U.S. Bankruptcy Court a motion
seeking approval of an agreement with Company directors and
officers, Carolina Casualty Co., RSUI Indemnity Co. and additional
parties.

According to the motion, the settlement stems from Founder Donald
K. McGhan's allegedly improper use of funds resulting in the
directors and officers of MediCor borrowing more money than they
were able to afford, thereby damaging the Debtors and their
estates. Under the settlement agreement, Carolina and RSUI is to
pay a total of $4.5 million, a portion of which would go to the
committee, a portion to a settlement fund for distribution to the
class members and certain individual plaintiffs and a portion to
be held in a trust to go towards defense cost incurred by the
directors.

                        About MediCor Ltd.

Headquartered in North Las Vegas, Nevada, MediCor Ltd. --
http://www.medicorltd.com/-- manufactures and markets products
primarily for aesthetic, plastic and reconstructive surgery and
dermatology markets.  The company and seven of its affiliates
filed for Chapter 11 protection on June 29, 2007 (Bankr. D. Del.
Lead Case No. 07-10877) to effectuate the orderly marketing and
sale of their business.  Dennis A. Meloro, Esq., and Victoria
Watson Counihan, Esq., at Greenberg Traurig, LLP, represent the
Debtors' as Delaware counsel.  The Debtors engaged Alvarez &
Marsal North America, LLC as their restructuring advisor.  David
W. Carickhoff, Jr., Esq., at Blank Rome LLP represents the
Official Committee of Unsecured Creditors as counsel.  In its
schedules of assets and debts, MediCor Ltd. disclosed total assets
of $96,553,019, and total debts of $158,137,507.


MERUELO MADDUX: Seeks to Retain Kible Green as Financial Advisor
----------------------------------------------------------------
BankruptcyData.com reports that the official committee of
unsecured creditors in Meruelo Maddux's cases filed a motion with
the U.S. Bankruptcy Court seeking to retain Kible Green as
financial advisor.

The firm will charge the Debtors' estates at these rates: Steven
J. Greet, president at $595, Jay Maddox, managing director, real
estate at 495, Matt Covington, managing director, financial
restructuring at 495, David Lauletta, managing consultant, real
estate at 350, Nicolas Long, senior consultant, real estate at
250, other KGI consultants at 175 to 225 and other professionals
at 90 to 150.

Meruelo Maddux and its affiliates filed for Chapter 11 protection
on March 26, 2009 (Bankr. C. D. Calif. Lead Case No. 09-13356).
Aaron De Leest, Esq., John J. Bingham, Jr., Esq., and John N.
Tedford, Esq., at Danning Gill Diamond & Kollitz, represent the
Debtors in their restructuring efforts.  Asa S. Hami, Esq., Tamar
Kouyoumjian, Esq., and Victor A. Sahn, Esq., at SulmeyerKupetz, A
Prof Corp, represent the official committee of unsecured creditors
as counsel.  The Debtors' financial condition as of December 31,
2008, showed estimated assets of $681,769,000 and estimated debts
of $342,022,000.


MESA AIR: Section 341 Creditors' Meeting Adjourned to April 16
--------------------------------------------------------------
The meeting of creditors of Mesa Air Group, Inc. and certain of
its direct and indirect subsidiaries in these Chapter 11 cases,
as debtors and debtors in possession, pursuant to Section 341 of
the Bankruptcy Code has been adjourned from February 26, 2010, to
April 16, 2010, at 2:00 p.m., as may be adjourned from time to
time.

The meeting will be held at the Office of the United States
Trustee, at 80 Broad Street, 4th Floor, in New York.

The Debtors' representatives, as specified in Rule 9001(5) of the
Federal Rules of Bankruptcy Procedure, are required to appear at
the meeting of creditors on the date and at the place set forth
herein for the purpose of being examined under oath.  Attendance
by creditors at the meeting is welcomed, but not required.  At
the meeting, the creditors may examine the Debtors and transact
other business as may properly come before the meeting.

                     About Mesa Air Group

Mesa currently operates 130 aircraft with approximately 700 daily
system departures to 127 cities, 41 states, Canada, and Mexico.
Mesa operates as Delta Connection, US Airways Express and United
Express under contractual agreements with Delta Air Lines, US
Airways and United Airlines, respectively, and independently as
Mesa Airlines and go! Mokulele.  This operation links Honolulu to
the neighbor island airports of Hilo, Kahului, Kona and Lihue. The
Company, founded by Larry and Janie Risley in New Mexico in 1982,
has approximately 3,500 employees.

Mesa Air Group Inc. and its units filed their Chapter 11 petitions
Jan. 5 in New York (Bankr. S.D.N.Y. Case No. 10-10018), listing
assets of $976 million against debt totaling $869 million as of
Sept. 30, 2009.

Richard M. Pachulski, Esq., and Laura Davis Jones, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as local counsel.
Imperial Capital LLC is the investment banker.  Epiq Bankruptcy
Solutions is claims and notice agent.

Bankruptcy Creditors' Service, Inc., publishes Mesa Air Bankruptcy
News.  The newsletter tracks the Chapter 11 proceedings undertaken
by Mesa Air Group Inc. and its units.
(http://bankrupt.com/newsstand/or 215/945-7000)


MESA AIR: Wants Until March 26 to File Schedules and Statements
---------------------------------------------------------------
Pursuant to Section 521 of the Bankruptcy Code and Rule 1007 of
the Federal Rules of Bankruptcy Procedure, Mesa Air Group Inc. and
its units seek extension of time through and including March 26,
2010, to file their (i) schedules of assets and liabilities, (ii)
statements of financial affairs, and (iii) the first periodic
financial reports of the value, operations and profitability of
each entity that is not a publicly traded corporation or a debtor
in a case under Chapter 11, and in which the estate holds a
substantial or controlling interest pursuant to Rule 2015.3 of the
Federal Rules of Bankruptcy Procedure.

The Debtors previously obtained an extension of the deadline to
file their Schedules on or before March 5, 2010, and their first
Rule 2015.3 Report on the later of March 5, 2010, or five days
before the first scheduled Section 341 meeting of creditors.

However, the Debtors have not been able to complete by March 8,
2010, the preparation of the Schedules given the existence of
more than 10,000 creditors, the complexity of their business, and
the efforts necessary to comply with the requirements under
Section 1110 of the Bankruptcy Code, Debra I. Grassgreen, Esq.,
at Pachulski Stang Ziehl & Jones LLP, in New York, says.

The initial Section 341 Meeting was scheduled and held on
February 26, 2010.  Accordingly, the Rule 2015.3 Reports were due
on March 5, 2010.  The Section 314 Meeting has been continued to
April 16, 2010, at 2:00 p.m.

Since the commencement of their Chapter 11 cases, the Debtors
have been engaged in compiling information from books, records,
and documents relating to thousands of claims, assets, contracts
and leases, Ms. Grassgreen relates.  The information is
voluminous and located in numerous places throughout the Debtors'
organization, she tells the Court.

At the same time, the Debtors' primary focus has been directed
towards the evaluation of the fleet requirements of their current
operations, which needed to be completed before the expiration of
the 60-day stay provided under Section 1110.  In these cases, the
60-day stay pursuant to Section 1110 expired on March 8, 2010,
the first business day after the Schedules were due to be filed.

During this period, the Debtors were assessing their various
aircraft-related obligations for the purpose of making the
appropriate election or entering into a stipulation pursuant to
Section 1110(a) and (b) of the Bankruptcy Code before the
expiration of the stay.  The Debtors' analysis and negotiation of
these stipulations required many of their employees to devote a
substantial portion of their resources and time to complete this
endeavor, Ms. Grassgreen tells the Court.

The Debtors have negotiated and entered into 25 stipulations
pursuant to Section 1110(b) with respect to 124 aircraft and 16
engines, she adds.

To date, the Debtors have made substantial progress in their
collection of the necessary information for the Schedules.
However, the Debtors have not had sufficient time to review and
finalize the Schedules, according to Ms. Grassgreen.

The Debtors believe that a brief extension is necessary so that
they can properly and accurately finalize the Schedules and Rule
2015.3 Reports.

Ms. Grassgreen notes that the Office of the United States Trustee
and the Official Committee of Unsecured Creditors have consented
to the requested extension.

                     About Mesa Air Group

Mesa currently operates 130 aircraft with approximately 700 daily
system departures to 127 cities, 41 states, Canada, and Mexico.
Mesa operates as Delta Connection, US Airways Express and United
Express under contractual agreements with Delta Air Lines, US
Airways and United Airlines, respectively, and independently as
Mesa Airlines and go! Mokulele.  This operation links Honolulu to
the neighbor island airports of Hilo, Kahului, Kona and Lihue. The
Company, founded by Larry and Janie Risley in New Mexico in 1982,
has approximately 3,500 employees.

Mesa Air Group Inc. and its units filed their Chapter 11 petitions
Jan. 5 in New York (Bankr. S.D.N.Y. Case No. 10-10018), listing
assets of $976 million against debt totaling $869 million as of
Sept. 30, 2009.

Richard M. Pachulski, Esq., and Laura Davis Jones, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as local counsel.
Imperial Capital LLC is the investment banker.  Epiq Bankruptcy
Solutions is claims and notice agent.

Bankruptcy Creditors' Service, Inc., publishes Mesa Air Bankruptcy
News.  The newsletter tracks the Chapter 11 proceedings undertaken
by Mesa Air Group Inc. and its units.
(http://bankrupt.com/newsstand/or 215/945-7000)


MESA AIR: Receives Final Nod for $15-Mil. Letter of Credit
----------------------------------------------------------
Mesa Air Group Inc. and its units received final approval from
Judge Martin Glenn of the U.S. Bankruptcy Court for the Southern
District of New York to enter into a new letter of credit facility
totaling up to $15 million with Compass Bank.

The Debtors also obtained authority to use cash collateral pledged
to Compass Bank, grant adequate protection, and assume a
prepetition purchasing card agreement with Compass Bank, and cure
any defaults under the agreement.  The Debtors ask the Court to
modify the automatic stay to allow them to effectuate the
agreements.

In the ordinary course of their business, the Debtors are required
to provide to third parties letters of credit to secure the
Debtors' payment or performance of certain obligations, including
workers' compensation obligations, obligations owed to
municipalities, obligations associated with foreign operations,
contractual or permit obligations, fuel and liquor taxes, airport
obligations, and United States, Canadian or other custom
requirements.

Failure to provide, maintain or timely replace these letters of
credit could jeopardize the Debtors' ability to conduct their
operations, according to Maria A. Bove, Esq., at Pachulski Stang
Ziehl & Jones LLP, in New York.  Compass Bank provides the Debtors
with letters of credit.

To recall, on January 8, 2010, the Debtors filed their Motion for
order authorizing them to continue and renew letters of credit and
surety bond programs, pursuant to which they sought authority to,
among other things, renew and obtain additional letters of credit
under their existing program with Compass Bank.  The Court
recently granted the Continue LOC Motion.

Mesa Air Group, Inc., Mesa Airlines, Inc., and Freedom Airlines,
Inc., on the one hand, and Compass Bank, on the other hand,
entered into a Second Amended and Restated Letter of Credit and
Reimbursement Agreement dated March 9, 2009 -- Prepetition Credit
Agreement -- pursuant to which, among other things, Compass Bank
agreed to make available a Letter of Credit Facility to Mesa, Mesa
Airlines and Freedom Airlines.  The Debtors, in turn, agreed to
reimburse Compass Bank for any draws on Letters of Credit pursuant
to the Facility.

The prepetition agreement with Compass Bank is expiring soon and
the Bank has informed the Debtors that it will not issue new
letters of credit without the certainty of a new postpetition
agreement and validation of its prepetition debt.

The obligations pursuant to the Prepetition Credit Agreement and
certain other obligations are secured pursuant to, among other
documents, a certain Second Amended and Restated Cash Collateral
Account Agreement dated March 9, 2009.

                   Purchasing Card Agreement

In connection with their cash management system, the Debtors
maintained certain depository accounts at Compass Bank before the
Petition Date, and Mesa Airlines and Compass Bank are parties to
a certain purchasing card agreement dated July 8, 2008, pursuant
to which Compass Bank provides eight debit purchasing cards for
use by the Debtors' employees to pay for business expenses.

The Debtors are reconciling the unpaid prepetition amount owed
under the Purchasing Card Agreement, and believe that the amount
is less than $20,000.

Pursuant to the Prepetition Cash Collateral Agreement, all
obligations arising under the Purchasing Card Agreement are also
secured by the Cash Collateral Account.

Assumption of the Purchasing Card Agreement will enable the
Debtors' employees to continue to pay for travel and other related
expenses using the debit cards provided under the agreement.
Moreover, the agreement is terminable by either party at any time
upon written notice to the other party, according to Ms. Bove.

The Debtors believe that there is little to no likelihood of any
prejudice to the estates upon assumption of the Purchase Card
Agreement.  The cure amount necessary to assume the agreement is
de minimis and Mesa Airlines will be able to perform under the
agreement.

                     Prepetition Collateral

Among other things, Mesa, Mesa Airlines, Freedom Airlines and each
of them, assigned, granted and transferred to Compass Bank a
first-in-lien priority continuing security interest in all of the
grantor's right, title and interest in and to, among other things,
certain property, whether then owned or thereafter acquired.  The
"Grantor" are Mesa, Mesa Airlines and Freedom Airlines.  The
Prepetition Collateral include:

  (a) The "Cash Collateral Account" and all cash, checks,
      drafts, documents, certificates, passbooks, instruments
      and other amounts, if any, from time to time deposited or
      held -- whether by physical possession, book entry or
      otherwise -- in or evidencing the Cash Collateral Account,
      including all wire transfers made, or in the process of
      being made, and all other deposits, to the Cash Collateral
      Account;

  (b) All "Permitted Investments," including all investment
      property, certificates, instruments, and securities from
      time to time representing or evidencing the Permitted
      Investments and any account or accounts in which the
      Permitted Investments may be held by, or in the name of,
      Bank for or on behalf of Grantor;

  (c) All interest, cash, instruments and other property from
      time to time held -- whether by physical possession, book
      entry or otherwise -- in, received, receivable, or
      otherwise payable in respect of, or in exchange for, any
      or all of the foregoing;

  (d) All present and future accounts, contract rights, chattel
      paper -- whether tangible or electronic -- deposit
      accounts, documents, general intangibles, goods,
      instruments, investment property, letter of credit rights,
      letters of credit, money, supporting obligations -- in
      each case as such terms are defined in the UCC -- and any
      other rights and interests pertaining to any of the
      foregoing, all documents, instruments or passbooks now or
      hereafter evidencing the Cash Collateral Account, together
      with all replacements, substitutions, renewals, products
      or proceeds of any of the foregoing, and all powers,
      options, rights, privileges and immunities pertaining
      thereto -- including the right to make withdrawals
      therefrom; and

  (e) To the extent not covered by clauses (a), (b), (c) or (d)
      above, all products and proceeds as defined under the UCC
      of any or all of the foregoing of every type.

Other than the amounts held in the Cash Collateral Account,
Compass Bank and the Debtors agree that no Prepetition Collateral
of the types listed above in (b) through (d) existed as of the
Petition Date.

To secure all of the Debtors' secured obligations to Compass Bank
under the Prepetition Letter of Credit Agreement -- consisting of
the Prepetition Credit Agreement, Prepetition Cash Collateral
Agreement, along with any and all other related prior,
contemporaneous and subsequent documents -- Compass Bank holds a
first-in-lien priority properly perfected continuing security
interest in and to the Cash Collateral Account by virtue of, among
other things, (i) any and all of the Debtors' funds on deposit
with Compass Bank being held in a segregated Cash Collateral
Account, (ii) UCC Financing Statement filed on November 29, 2008,
with the Office of the Nevada Secretary of State, Instrument No.
2008-030131-1, and (iii) UCC Financing Statement filed on
March 16, 2009, with the Office of the Nevada Secretary of State,
Instrument No. 2009-006488-8.

Pursuant to the Prepetition Letter of Credit Agreement, any and
all reimbursement obligations of Debtors to Compass Bank under the
Prepetition Letter of Credit Agreement will bear interest from and
including the date that Bank pays the applicable drawing under a
letter of credit to and including the date of reimbursement for
the drawing at a per annum rate equal to the
prime rate, and upon the occurrence of an event of default, the
Prime Rate plus an additional 3%.

                       Letters of Credit

As of the Petition date, 34 letters of credit issued by Compass
Bank under the Prepetition Letter of Credit Agreement were
outstanding in the aggregate amount of $11,904,719, as set forth
at http://bankrupt.com/misc/Mesa_CompassLOC.pdf

Of these letters of credit, one expired on January 31, 2010, one
expires on February 6, 2010, and 12 expire on February 15, 2010.

On January 6, 2010, Raytheon Aircraft Corporation notified Compass
Bank that it would be drawing on a certain letter of credit issued
to it by the Bank for the benefit of the Debtors in the amount of
$903,990.  The Raytheon Draw was appropriately tendered and paid
for by Compass Bank on January 11.

Pursuant to the Prepetition Letter of Credit Agreement, interest
has been accruing on the amount of $903,990, plus $275 in fees,
since January 11, 2010, at the rate of Prime Rate plus 3%, and
will continue to accrue up to and including the date of
reimbursement by the Debtors.

On January 26, 2010, International Fidelity Co. notified Compass
Bank that it would be drawing on the letter of credit issued to it
by the Bank for the benefit of the Debtors in the amount of
$200,000.  The International Fidelity Draw was appropriately
tendered and paid for by Compass Bank on January 29.

Pursuant to the Prepetition Letter of Credit Agreement, interest
has been accruing on the amount of $200,000, plus $275 in fees,
since January 29, 2010, at the rate of Prime Rate plus 3%, and
will continue to accrue up to and including the date of
reimbursement by the Debtors.

                   Proposed New LOC Facility

Compass Bank is willing to make additional or replacement Letters
of Credit available to Debtors on a postpetition basis on
substantially similar terms as the Prepetition Letter of Credit
Agreement.

To ensure that no disruption occurs in the Debtors' business as a
going concern, the Debtors and Compass Bank have agreed on the
form of that certain Third Amended and Restated Letter of Credit
and Reimbursement Agreement dated January 5, 2010 -- Postpetition
Credit Agreement -- and that certain Third Amended and Restated
Cash Collateral Account Agreement dated January 5, 2010 --
Postpetition Cash Collateral Agreement.  The postpetition
agreements are available at no charge at:

  * http://ResearchArchives.com/t/s?5119
  * http://ResearchArchives.com/t/s?511a

The salient terms of the Postpetition Credit Agreement include:

  (a) Mesa, Mesa Airlines and Freedom Airlines -- the Applicants
      -- will, at all times, maintain Collateral in an amount
      not less than the credit exposure.  "Credit Exposure"
      means at any time of determination, the sum of (1) the
      undrawn stated amount of all Letters of Credit, plus (2)
      the unpaid amount of all Reimbursement Obligations, which
      means the obligations of the Applicants to reimburse for
      draws upon Letters of Credit.

  (b) The Applicants may request Compass Bank to reduce the
      Facility Amount of $15,000,000 in increments of $100,000,
      provided that (1) in no event will the Facility Amount be
      reduced below the Credit Exposure, (2) any reduction may
      only be made once in each fiscal quarter of the
      Applicants, (3) any reduction will be requested in a
      written notice and delivered to Compass Bank at least five
      business days before the effectiveness of the requested
      reduction, and (iv) once reduced, any subsequent increase
      to the Facility Amount will be subject to review and
      approval by Compass Bank in its sole and absolute
      discretion.

  (c) Each Mesa, Mesa Airlines and Freedom Airlines will be
      direct, primary and independent obligors, and neither will
      be deemed to be a guarantor, accommodation party or other
      person secondarily liable for the Obligations.

  (d) Except as approved by Compass Bank, in no event will any
      Letter of Credit be subject to reinstatement or increase.
      The Applicants acknowledge and agree that Compass Bank has
      not obligation whatsoever to extend the expiration date of
      any Letter of Credit and that the extension of the
      expiration date of one or more Letters of Credit will not
      in any way obligate Compass Bank to extend the expiration
      date of any other Letter of Credit.

      No Letter of Credit will have an expiration date later
      than 12 months from date of issuance.

  (e) The Applicants direct Compass Bank to make payments under
      the Letters of Credit in immediately available funds to
      the beneficiary thereunder.  The beneficiary of the
      Letters of Credit may change the disbursement instructions
      by notice to Compass Bank.

  (f) All Reimbursement Obligations will bear interest from and
      including the date that Compass Bank pays the applicable
      drawing under a Letter of Credit to and including the date
      of reimbursement for the drawing by the Applicants at a
      per annum rate equal to the Prime Rate.  The rate will
      change with each change in the Prime Rate.  The interest
      will be immediately due and payable upon each demand by
      Compass Bank.

      If the Applicants reimburse Compass Bank on the same day
      the Bank pays the applicable drawing, no interest will be
      due as long as the payment is received as and when
      required.  The charging or payment of the interest will
      not extend or waive the required payment of Reimbursement
      Obligations.

      All amounts due at a rate based upon the Prime Rate will
      be calculated on the basis of a 360-day year for the
      actual number of days elapsed.

  (g) Compass Bank will have no liability whatsoever to the
      Applicants or any other person as a result of any adverse
      change or deterioration in the financial condition of the
      Bank or as a result of any reduction of the credit rating
      applicable to indebtedness rated on the basis of the
      Bank's credit.

  (h) The Applicants will assume all risk of the acts,
      omissions, or misuse of the Letters of Credit by the
      beneficiary thereof.

  (i) The Applicants agree to pay Compass Bank certain fees,
      which will be earned by the Bank on the date due under the
      Credit Documents and will be non-refundable to the
      Applicants.

      * Letter of Credit Fee:  Fee for the issuance of each
        Letter of Credit equal to 3/4 of 1%, or 0.75%, per annum
        of the face amount of the requested Letter of Credit,
        with a minimum fee of $300 per annum.

      * Drawing and Fronting Fees:  The Applicants will also pay
        all standard drawing, amendment, assignment, and other
        administrative fees customarily charged by Compass Bank
        with respect to letters of credit.

The Debtors seek to obtain postpetition letters of credit pursuant
to the Postpetition Letter of Credit -- consisting of Postpetition
Credit Agreement, Postpetition Cash Collateral Agreement, along
with any and all related prior, contemporaneous and subsequent
documents -- (i) on an interim basis, up to the amount necessary
to renew letters of credit that have expired or will expire before
the final hearing and (ii) on a final basis, up to $15,000,000.

The Postpetition Letter of Credit Agreement will terminate on
March 31, 2011.

The Debtors also seek authority to use the Prepetition Collateral
securing the Debtors' obligations under the Prepetition Letter of
Credit Agreement to secure and pay their obligations under the
Postpetition Letter of Credit Agreement.

As security for the obligations, the Debtors ask the Court to
grant in favor of Compass Bank of a perfected, valid, enforceable
and non-avoidable postpetition senior liens upon, and security
interests in, the Collateral.

Without immediate renewal of the critical Letters of Credit, the
Debtors' business operations will be severely harmed, to the
detriment of the Debtors' creditors, employees and other parties-
in-interest in these bankruptcy cases.  The Debtors require the
postpetition financing in order to continue their operations and
to preserve value, Ms. Bove asserts.

There is no form of financing readily available to the Debtors
that would be an alternative to the Postpetition Letter of Credit
Agreement on an unsecured basis or on substantially better terms,
Ms. Bove tells the Court.

                    Extraordinary Provisions

Order No. M-274 of the United States Bankruptcy Court for the
Southern District of New York requires the Debtors to highlight
any "Extraordinary Provisions" included in a postpetition
financing agreement.  The proposed order contains certain
provisions that may be considered extraordinary pursuant to the
terms of the General Order, including:

    * Roll-Up:  The Orders provide that all outstanding
      obligations under the Prepetition Letter of Credit
      Agreement will be obligations under the Postpetition
      Letter of Credit Agreement.

      To the extent that the Debtors' Reimbursement Obligations
      associated with the International Fidelity Draw, the
      Raytheon Draw, or any other postpetition draws on Letters
      of Credit issued prepetition, are prepetition obligations,
      then those obligations are granted administrative status
      under the Orders.

    * Termination of Automatic Stay.

                     About Mesa Air Group

Mesa currently operates 130 aircraft with approximately 700 daily
system departures to 127 cities, 41 states, Canada, and Mexico.
Mesa operates as Delta Connection, US Airways Express and United
Express under contractual agreements with Delta Air Lines, US
Airways and United Airlines, respectively, and independently as
Mesa Airlines and go! Mokulele.  This operation links Honolulu to
the neighbor island airports of Hilo, Kahului, Kona and Lihue. The
Company, founded by Larry and Janie Risley in New Mexico in 1982,
has approximately 3,500 employees.

Mesa Air Group Inc. and its units filed their Chapter 11 petitions
Jan. 5 in New York (Bankr. S.D.N.Y. Case No. 10-10018), listing
assets of $976 million against debt totaling $869 million as of
Sept. 30, 2009.

Richard M. Pachulski, Esq., and Laura Davis Jones, Esq., at
Pachulski Stang Ziehl & Jones LLP, serve as local counsel.
Imperial Capital LLC is the investment banker.  Epiq Bankruptcy
Solutions is claims and notice agent.

Bankruptcy Creditors' Service, Inc., publishes Mesa Air Bankruptcy
News.  The newsletter tracks the Chapter 11 proceedings undertaken
by Mesa Air Group Inc. and its units.
(http://bankrupt.com/newsstand/or 215/945-7000)


METRO-GOLDWYN-MAYER: Bank Debt Trades at 46% Off
------------------------------------------------
Participations in a syndicated loan under which Metro-Goldwyn-
Mayer, Inc., is a borrower traded in the secondary market at 54.33
cents-on-the-dollar during the week ended Friday, March 19, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents a drop of 5.31
percentage points from the previous week, The Journal relates.
The Company pays 275 basis points above LIBOR to borrow under the
facility, which matures on April 8, 2012.  Moody's and Standard &
Poor's do not rate the bank debt.  The debt is one of the biggest
gainers and losers among 195 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

Metro-Goldwyn-Mayer, Inc., is an independent, privately held
motion picture, television, home video, and theatrical production
and Distribution Company.  The Company owns the world's largest
library of modern films, comprising approximately 4,000 titles,
and over 10,400 episodes of television programming.  An investor
consortium, comprised of Providence Equity Partners, TPG Capital,
Sony Corporation of America, Comcast Corporation, DLJ Merchant
Banking Partners and Quadrangle Group, owns MGM.

As reported by the Troubled Company Reporter on Sept. 30, 2009,
The New York Post, citing multiple sources, said discussions
between debt holders and equity owners on a restructuring of
Metro-Goldwyn-Mayer's massive debt load have begun on a
contentious note, with both sides threatening to force MGM into
bankruptcy in order to gain leverage and extract better terms from
the other.

Bloomberg also said that MGM is in talks to skip interest payments
and restructure $3.7 billion in bank loans.  MGM asked creditors
to waive $12 million monthly interest payments until Feb. 15,
2010.


MGM MIRAGE: Moody's Affirms Corporate Family Rating at 'Caa1'
-------------------------------------------------------------
Moody's Investors Service affirmed MGM MIRAGE's ratings, including
its Caa1 Corporate Family Rating and raised the company's
Speculative Grade Liquidity rating to SGL-3 from SGL-4.  The
rating outlook remains stable.

The upgrade of the SGL rating reflects the modest improvement in
MGM's liquidity profile and financial flexibility following the
extension of approximately $4.4 billion (78%) of its $5.6 billion
credit facility (to 2014 from 2010) and closing of its
$845 million senior secured note offering.  The note proceeds have
been used to repay loans under its senior credit facility and to
pay related fees and expenses.

However, MGM still faces significant debt maturities over the next
2 years.  Moody's expects the 2010 maturities to be covered by
revolver availability, but that this availability will not be
sufficient, in the absence of capital market transactions, to
refinance the 2011 maturities.  The SGL-3 rating could be
downgraded if MGM does not address its 2011 debt maturities in the
near-term.

Moody's expects that MGM will have good headroom under its minimum
EBITDA covenant.  The senior secured note offering is secured by a
mortgage on the MGM Grand Las Vegas hotel and casino,
substantially all existing and future property of MGM Grand Hotel,
LLC, and is expected to be secured by a pledge of the limited
liability company interests in MGM Grand Hotel, LLC.  Although MGM
has a partially unencumbered asset base, the company has used up
the allowed secured debt basket under its various debt
instruments.

Rating upgraded:

MGM MIRAGE

  -- Speculative Grade Liquidity rating to SGL-3 from SGL-4

Ratings affirmed:

MGM MIRAGE

  -- Corporate Family Rating at Caa1
  -- Probability of Default Rating at Caa2
  -- Senior unsecured notes at Caa1 (LGD 3, 42%)
  -- Senior subordinated at Caa3 (LGD 5, 85%)
  -- Senior secured notes at B1 (LGD 1, 3%)

Mandalay Resort Group

  -- Senior unsecured notes at Caa1 (LGD 3, 42%)
  -- Senior subordinated at Caa3 (LGD 5, 85%)

The last rating action for MGM occurred on March 9, 2010, when
Moody's upgraded the company's ratings and assigned a rating to
the company's new senior secured notes.

MGM MIRAGE owns and operates casino and hotel properties
throughout the US.  The company also has a 50% interest in
CityCenter Holdings, LLC, a mixed-use project on the Las Vegas
Strip and a 50% interest in MGM Grand Paradise Macau, a hotel-
casino resort in Macau S.A.R.  MGM generates approximately
$6.0 billion of net revenue annually.


MICHAEL MILES OWENS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Joint Debtors: Michael Miles Owens
                 dba Owens Express
                 dba Owens Express Stores
                 dba J&L Grocery & Produce
                 dba Owens Mini Warehouses
               Kazan White
                 aka Lynn Owens Owens
               PO Box 1161
               Granite Falls, NC 28630

Bankruptcy Case No.: 10-50353

Chapter 11 Petition Date: March 19, 2010

Court: United States Bankruptcy Court
       Western District of North Carolina (Wilkesboro)

Judge: J. Craig Whitley

Debtors' Counsel: Jimmy R. Summerlin, Jr., Esq.
                  Young, Morphis, Bach & Taylor, L.L.P.
                  P.O. Drawer 2428
                  400 Second Ave., NW
                  Hickory, NC 28603
                  Tel: (828) 322-4663
                  Fax: (828) 322-2023
                  Email: jimmys@hickorylaw.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 20 largest unsecured creditors, is available for free at:

            http://bankrupt.com/misc/ncwb10-50353.pdf

The petition was signed by the Joint Debtors.


MICHAELS STORES: Bank Debt Trades at 7% Off in Secondary Market
---------------------------------------------------------------
Participations in a syndicated loan under which Michaels Stores,
Inc., is a borrower traded in the secondary market at 93.04 cents-
on-the-dollar during the week ended Friday, March 19, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents an increase of 1.40
percentage points from the previous week, The Journal relates.
The Company pays 225 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Oct. 31, 2013, and carries
Moody's B3 rating and Standard & Poor's B rating.  The debt is one
of the biggest gainers and losers among 195 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Headquartered in Irving, Texas, Michaels Stores, Inc., is the
largest arts and crafts specialty retailer in North America.  As
of March 9, 2009, the Company operated 1,105 "Michaels" retail
stores in the United States and Canada and 161 Aaron Brothers
Stores.


MIDWEST COMMERCIAL: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Midwest Commercial Investments, X, LLC
        754 N. Sherman Dr.
        Indianapolis, IN 46201

Bankruptcy Case No.: 10-03544

Chapter 11 Petition Date: March 18, 2010

Court: United States Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: James K. Coachys

Debtor's Counsel: KC Cohen, Esq.
                  151 N Delaware St., Ste 1104
                  Indianapolis, IN 46204
                  Tel: (317) 715-1845
                  Fax: (317) 916-0406
                  Email: kc@esoft-legal.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/insb10-03544.pdf

The petition was signed by Peter Dvorak, managing member of the
Company.

Debtor-affiliate that filed separate Chapter 11 petition:
                                                    Petition
  Debtor                              Case No.      Date
  ------                              --------      ----
Midwest Commercial Investments,       10-16788     11/16/09
VI, LLC


NAVISTAR INTERNATIONAL: Fitch Corrects Senior Notes Rating to 'B'
-----------------------------------------------------------------
Fitch Ratings has revised a release issued on March 17, 2010.  It
corrects the rating for the senior subordinated notes to 'B'.

Fitch Ratings has revised Navistar International Corporation's and
Navistar Financial Corp.'s Rating Outlooks to Positive from
Negative and affirmed the companies' long-term Issuer Default
Ratings at 'BB-'.  The Outlook revisions are driven by improvement
in the financial profile of NFC following the signing of an
operating agreement with GE Capital and by NAV's financial
performance in the past year.  Historically, Fitch had concerns
with NFC's funding, capitalization, and asset quality performance,
but they have been eliminated or reduced with the new agreement
with GECC.

Fitch affirms these ratings:

Navistar International Corp.

  -- IDR at 'BB-';
  -- Senior unsecured notes at 'BB-'.
  -- Senior subordinated notes at 'B'.

Navistar Financial Corp.

  -- IDR at 'BB-';
  -- Senior unsecured bank lines at 'BB-'.

The ratings cover approximately $1.8 billion of outstanding debt
at NAV and $3.0 billion of outstanding debt at NFC as of Jan. 31,
2010.  Due to NFC's close operating relationship and importance to
the parent, its ratings are directly linked to those of the
ultimate parent.  The relationship is governed by the Master
Intercompany Agreement, additionally there is a requirement
referenced in the NFC credit agreement, requiring Navistar, Inc.
and NAV to own 100% of NFC's equity at all times.

The Positive Outlook reflects Fitch's assessment that rating
upgrades may be warranted depending on performance in the next
year.  Many of Fitch's key concerns for the consolidated company
will be reduced or eliminated by the GECC agreement.  As the
existing retail portfolio runs off, performance of the
manufacturing operations will be the key driver of NAV's credit
quality.  Improvement of the company's ratings will be driven by
the pace of the truck market's rebound, success of the company's
exhaust gas recirculation emissions strategy, improvement in
profitability and leverage metrics, and ability to continue to
generate free cash flow on an annualized basis.

Fitch expects top line growth at NAV this year but believes
margins could contract as a smaller portion of its business comes
from military sales.  Free cash flow is likely to also decline
this year as the company increases capital expenditures and
pension contributions.  Beyond 2010, profitable growth looks
likely as truck markets rebound from trough levels.  The rating
affirmations reflect solid credit metrics for the 'BB-' category,
adequate liquidity position, U.S. and Canada market share
leadership in Class 6-8 trucks and school buses, competitive
engine portfolio, strong North American distribution network,
significant military business, and potential future success with
several business initiatives including the Mahindra & Mahindra
joint venture, Caterpillar joint venture, and Monaco RV business.
The resolution of material accounting weaknesses also supports the
ratings affirmations.

Credit concerns include the continued weakness in the truck market
(especially in the first half of 2010 with the adoption of new
emissions standards), significant pension liabilities and cash
pension contributions, uncertainly around the success of NAV's EGR
emissions strategy and dependence on the North American market
that contributed approximately 91% of the company's 2009 fiscal-
year revenue.  Litigation related to past financial restatements
and accounting controls is also a concern.  Fitch is also
concerned with the UAW labor contract that expires at the end of
September.

NFC recently entered into an agreement with GECC to fund the
retail portion of NFC's business.  Fitch views the agreement with
GECC as a positive as it will reduce funding and capital needs and
will continue to allow NAV to offer retail financing to its
customers.  Additionally, GECC's funding capacity may allow NAV to
obtain a greater share of fleet customers that under NFC alone
could not always get the amount of funding that was needed and/or
with competitive pricing and terms.  GECC will begin NFC's retail
funding on a go forward basis as early as the end of this month.
Term of the agreement is three years renewed annually unless GECC
or NFC gives a one-year advance notice of cancellation.  GECC will
bear the first loss up to 10% of the amount financed.  NFC has a
large market share of its wholesale financing business but only
about 10% of its retail financing is done through NFC.  NFC's
retail portfolio at the end of its first quarter ending Jan.31,
2010 was $1.865 billion, and the majority of the portfolio will
runoff over the next two to three years.  NFC will retain control
of its wholesale portfolio, primarily for floorplan financing.
GECC has had a relationship since 1986 with NAV in Canada as the
provider of wholesale, retail, lease and parts financing in that
country.

At the end of NAV's first quarter ending Jan. 31, 2010, Fitch
calculates NAV had a liquidity position of approximately
$669 million, consisting of $668 million of cash and equivalents
and $190 million in aggregate credit facility capacity, less
$189 million of current maturities of long-term debt.  NAV's
$200 million secured asset-backed credit facility due June 2012
has a $10 million liquidity block against it and has never been
borrowed against.  This bank revolver is subject to a borrowing
base that could decrease the availability of the facility.

Net manufacturing operations debt at the end of NAV's first
quarter was $1.826 billion.  This consisted of the company's
$249 million of capital leases and sale/leaseback debt;
$131 million of majority-owned dealership debt; $964 million 2021
senior unsecured notes; $461 million 2014 senior subordinated
convertible notes; and $21 million of other debt.  NAV's majority
owned dealership debt is comprised of wholesale (floor plan)
financing and also retail financing on lease and rental fleets for
the Dealcor dealers NAV has an ownership interest in.  Dealcor
Dealerships that are sold assume the debt that is associated with
them.

Due to the expected tough first quarter comparison with last year,
which benefited from the Ford settlement and more military
business, NAV's leverage and coverage metrics have weakened from
fiscal 2009.  Fitch expects NAV's credit metrics to strengthen
later in the year and into 2011 with the truck cycle rebound and
newly awarded military contracts.  NAV's LTM debt-to-EBITDA ratio
as of its latest quarter was 3.4 times (x) compared to 2.5x in its
2009 fiscal year.  The company's LTM EBITDA-to-interest coverage
in its latest quarter decreased to 5.0x versus 7.9x in its 2009
fiscal year.  NAV's LTM EBITDA margins have contracted to 4.9%
compared to 7% in its 2009 fiscal year.

Most major global truck markets including the U.S. are expected to
rebound slowly in 2010 following a very deep trough.  At the end
of calendar year 2009, U.S. industry medium and heavy duty truck
sales were down 55.4% (321,761 units) from their peak in 2006 at
581,194 units.  In 2009, U.S. medium and heavy truck sales were
down 29.6%.  NAV is forecasting that the traditional U.S. and
Canada Class 6 - 8 truck markets will expand approximately 7 to
18% in its current fiscal year to between 195,000 to 215,000
units, a range that Fitch believes is reasonable.  Fitch expects
North American medium and heavy duty sales to be stronger in the
second half of the year.

NFC has shown improved profitability metrics, as the company
reported net income of $29 million for the year ending Oct. 31,
2009, versus a loss of $31 million for the comparable period in
2008.  Improved profitability was driven by reduced borrowing
costs.  Asset quality has shown stabilization as delinquencies
have declined slightly.  Barring a dramatic increase in used truck
inventory, Fitch would expect the current retail portfolio to
decline and perform consistently with historical metrics.  With
the signing of the GECC deal and amortization of the current
retail portfolio, Fitch sees substantially improved capitalization
metrics versus historical levels.  With the signing of the
agreement with GECC, Fitch envisions NFC to become a diminishing
factor in the overall ratings of NAV.

Fitch expects NAV will be able to end its current fiscal year with
a manufacturing cash balance greater than $1 billion, which is
line with its fiscal 2009 year end cash position.  Negative free
cash flow in the first quarter is expected to reverse in the
second half of the year driven by the timing of military unit
deliveries and to a lesser degree higher truck volumes; however,
positive free cash flow for the year is expected to contract from
2009 due to increased capital expenditures and pension
contributions.  Capital expenditures of between $250 million to
$350 million are expected this year, which is a more normal range
for NAV's business to grow than the lower levels of $150 million
and $168 million experienced in its fiscal 2009 and 2008
respectively.  Further investments in NAV's Mahindra & Mahindra
and CAT joint ventures this year are also expected.  Other uses of
cash in NAV's current fiscal year include pension contributions
described later and cash interest expense that Fitch estimates
will be approximately $75-100 million.  OPEB contributions are
expected to be negligible.  Cash restructuring charges are
possible this year if NAV closes its currently idled Chatham,
Canada assembly plant, but Fitch expects them to be less than the
$59 million of restructuring charges last year related to the
closing of its Indianapolis plants.  NAV does not have plans to
reduce its debt in the near term.  Fitch also does not expect NAV
to make any major acquisitions this year after acquiring Monaco
Coach last year for $50 million.  NAV does not currently have an
open share repurchase program, last year it repurchased
$29 million of its common stock under its last repurchase program
that has expired.

NAV's pension plan funding status in its fiscal 2009 declined to
60.6% ($1.5 billion underfunded) compared to 74.8% in 2008.  The
$745 million decrease was due mainly to a $825 million actuarial
loss related to a decrease in the discount rate used to determine
the present value of the projected benefit obligations (discount
rate at Oct. 31, 2009, was 5.4% compared to 8.3% at Oct. 31,
2008).  The decline in the funded status was partially offset by
asset returns.  NAV contributed $37 million to its pension plans
in 2009 and estimates contributions in 2010 will be $150 million
(the company contributed $11 million in its first quarter) and at
least $256 million per year in 2011 through 2013 to comply with
existing U.S. pension plan regulations.  At Oct. 31, 2009,
equities accounted for 66% of NAV's pension plan assets including
7% in the company's own stock, exposing NAV to additional market
and diversification risk.  The remaining pension plan assets were
made up of 30% debt securities and 4% other, including cash.


NEIMAN MARCUS: Bank Debt Trades at 6% Off in Secondary Market
-------------------------------------------------------------
Participations in a syndicated loan under which Neiman Marcus
Group, Inc., is a borrower traded in the secondary market at 94.15
cents-on-the-dollar during the week ended Friday, March 19, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents an increase of 1.54
percentage points from the previous week, The Journal relates.
The Company pays 200 basis points above LIBOR to borrow under the
facility.  The bank loan matures on April 6, 2013, and carries
Moody's B3 rating and Standard & Poor's BB- rating.  The debt is
one of the biggest gainers and losers among 195 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Neiman Marcus Group, Inc., headquartered in Dallas, Texas,
operates 40 Neiman Marcus stores, 2 Bergdorf Goodman stores, 27
clearance centers, and a direct business.  Total revenues are
about $3.9 billion.

The Company carries a 'Caa1' Corporate Family Rating and 'Caa1'
Probability of Default Rating from Moody's Investors Service.


NEXAIRA WIRELESS: Posts $1.1 Million Net Loss in Q1 Ended Jan. 31
-----------------------------------------------------------------
NexAira Wireless Inc. filed its quarterly report on Form 10-Q,
showing a net loss of $1.1 million on $506,338 of revenue for the
three months ended January 31, 2010, compared with a net loss of
$527,254 on $2.1 million of revenue for the same period ended
January 31, 2009.

The Company's balance sheet as of January 31, 2010, showed
$2.2 million in assets and $3.2 million of debts, for a
stockholders' deficit of $1.0 million.

As reported in the Troubled Company Reporter on February 1, 2010,
BDO Seidman, LLP, in San Diego, expressed substantial doubt about
the Company's ability to continue as a going concern after
auditing the Company's consolidated financial statements as of and
for the years ended October 31, 2009, and 2008.  The independent
auditors noted that of the Company's losses from operations,
negative cash flow from operations, and working capital and net
capital deficits.

A full-text copy of the annual report is available for free at:

                  http://researcharchives.com/t/s?5b30

Headquartered in Vancouver, B.C., NextAira Wireless Inc. (OTC BB:
NXWI) -- http://www.nexaira.com/-- does business through its San
Diego based operating subsidiary Nexaira, Inc.  Nexaira, Inc.,
develops and delivers third and fourth generation (3G/4G) Wireless
Routing Solutions that offer speed, reliability and security to
carriers, mobile operators, service providers, value added
resellers (VARS) and enterprise customers.


NO GOOD TV: Files for Bankruptcy to Implement Reorganization Plan
-----------------------------------------------------------------
Jay Baage at Digital Media Wire says No Good TV filed for Chapter
11 bankruptcy protection to implement a reorganization plan with
the cooperation and consent of its senior secured lenders.

No Good TV is located in a 24,000 square foot production facility
in Beverly Hills, California.


NOBLE NURSERY: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Noble Nursery Retail, Inc.
          dba Noble Landscape and Garden Center
        2456 125th Avenue NE
        Blaine, MN 55449

Bankruptcy Case No.: 10-41993

Chapter 11 Petition Date: March 19, 2010

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

Judge: Robert J. Kressel

Debtor's Counsel: Joel D. Nesset, Esq.
                  Hinshaw & Culbertson LLP
                  333 South Seventh Street, Suite 2000
                  Minneapolis, MN 55402
                  Tel: (612) 333-3434
                  Fax: (612) 334-8888
                  Email: jnesset@hinshawlaw.com

                  Thomas G. Wallrich, Esq.
                  Hinshaw & Culbertson LLP
                  333 South Seventh Street, Suite 2000
                  Minneapolis, MN 55402
                  Tel: (612) 333-3434
                  Email: twallrich@hinshawlaw.com

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

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

According to the schedules, the Company has assets of $1,885,047,
and total debts of $5,809,423.

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/mnb10-41993.pdf

The petition was signed by Leo Vander Broek, president of the
Company.


NON-INVASIVE MONITORING: Posts $362,000 Loss in Q2 Ended Jan. 31
----------------------------------------------------------------
Non-Invasive Monitory Systems, Inc., filed its quarterly report on
Form 10-Q, showing a net loss of $362,000 on $199,000 of revenue
for the three months ended January 31, 2010, compared with a net
loss of $325,000 on $211,000 of revenue for the same period ended
January 31, 2009.

The Company's balance sheet as of January 31, 2010, showed
$1.8 million in assets, $302,000 of debts, and $1.5 million of
stockholders' equity.

The Company had net losses for each of the six month periods ended
January 31, 2010, and 2009, and has experienced cash outflows from
operating activities.  The Company also has an accumulated deficit
of $20.6 million as of January 31, 2010, and has substantial
purchase commitments at January 31, 2010.  "These matters raise
substantial doubt about the Company's ability to continue as a
going concern."

A full-text copy of the quarterly report is available for free at:

                   http://researcharchives.com/t/s?5b31

Based in Miami, Florida, Non-Invasive Monitoring Systems Inc.
(OTC BB: NIMU) -- http://www.nims-inc.com/-- markets therapeutic,
motorized devices that provide non-invasive, drug-free, health
solutions to the well and sick through a patented technology
called Whole Body Periodic Acceleration (WBPA).


NORTH AMERICAN: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: North American Technologies Group, Inc.
        429 S. Memory Lane
        Marshall, TX 75670

Bankruptcy Case No.: 10-20071

Type of Business:

Chapter 11 Petition Date: March 18, 2010

Court: United States Bankruptcy Court
       Eastern District of Texas (Marshall)

Debtor's Counsel: Michael R. Rochelle, Esq.
                  Rochelle McCullough L.L.P.
                  325 N. St. Paul St., Ste 4500
                  Dallas, TX 75201
                  Tel: (214) 953-0182
                  Fax: (214) 953-0185
                  Email: buzz.rochelle@romclawyers.com

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

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

The petition was signed by Joe B. Dorman, the company's
secretary/general counsel.

Debtor-affiliate that filed separate Chapter 11 petition:
                                                    Petition
  Debtor                               Case No.      Date
  ------                               --------      ----
TieTek, LLC                            10-20072     3/18/10
  Assets: $10 million to $50 million
  Debts:  $50 million to $100 million

A. North American Technologies Group, Inc's List of 20 Largest
Unsecured Creditors:

  Entity                   Nature of Claim       Claim Amount
  ------                   ---------------       ------------
Herakles Investments, Inc  Bridge Loan and 8%    $4,048,854
(Subsidiary of Sammons     Debentures with
Enterprises, Inc.)         interest through
5949 Sherry Lane,          2/21/10
Suite 1900                 Promissory Note-
Dallas, TX 75225           April 2009 with
                           interest through
                           12/2/09

Crestview Capital          Bridge Loan and 8%    $794,643
Master LLC                 Debentures with
95 Revere Drive, Suite A   interest through
Northbrook, IL 60062       2/21/10

Midsummer Investment, Ltd  Bridge Loan and 8%    $757,076
295 Madison Avenue,        Debentures with
38th Floor                 interest through
New York, NY 10017         2/21/10

Islandia, LP               Bridge Loan and 8%    $301,493
c/o John Lang, Inc.        Debentures with
485 Madison Ave.           interest through
New York, NY 10022         2/21/10

Enable Growth Partners,    Bridge Loan and 8%    $287,008
LP                         Debentures with
Portfolio Administrator    interest through
Enable Capital Management  2/21/10
One Ferry Bldg, Suite 255
San Francisco, CA 94111

Boyer & Ketchand           Trade debt             $83,299

RR Donnelley Receivables,  Trade debt             $45,015
Inc.

Enable Opportunity         Bridge Loan and 8%     $33,749
Partners LP                Debentures with
Portfolio Administrator    interest through
Enable Capital Management  2/21/10

XBA Group, LLP             Trade debt              $31,904

Paetec                     Trade debt              $20,996

Pierce Diversified         Bridge Loan and 8%      $16,873
Strategy Portfolio         Debentures with
Administrator              interest through
Enable Capital Management  2/21/10

Whitley Penn, LLP          Trade debt              $13,786

UHY Advisors TX, LLC       Trade debt               $9,023

Continental Stock          Trade debt               $7,577
Transfer

BKD, LLP                   Trade debt               $5,200

Montfort Office Partners,  Trade debt               $4,112
LP
c/o Trinity Interests

Key Equipment Finance      Trade debt               $1,917

Cummings & Houston, LP     Trade debt                 $915

Premier Global Services    Trade debt                 $788

Pitney Bowes Global        Trade debt                 $484
Financial
                                              ------------
                                       TOTAL:   $6,464,711

B. TieTek, LLC's List of 20 Largest Unsecured Creditors:

  Entity                   Nature of Claim       Claim Amount
  ------                   ---------------       ------------
Sammons Corporation and    Construction Loan     $15,640,829
it's subsidiaries          principal and          less value of
including Herakles         interest through       security
Investments, Inc. and      12/27/09               interest held
OPUS                       Promissory Note        (land, building,
5949 LLC, 5949 Sherry      principal and          equipment,
Lane, Suite 1900           interest through       machinery, etc.)
Dallas, TX 75225           12/27/09

PATIL infrastructures      estimated cost of        $639,391
PVT LTD Corporate          replacement ties for
Headquarters               railroad ties sold and
#205 & #206 Amarchand      delivered that were
Sharma Comp                shorter than specified
S.P. Road, Secunderabad    by customer.
India 500 003 AP           Estimated amount owed
                           for return of X-Ray
                           Machine.

J. Denny Bartell,          Royalty Payments-        $414,668
Co-Trustee                 amount owed on sales
For benefit of Dune        of ties through
Holdings LLC and Thor      12/27/09-subject to
Ventures LLC               recalculation and
(Collectively              adjustment for
aka TDRRT Royalty Trust)   subsequent sales
5851 San Felipe Suite 760
Houston, TX 77057

Southwest Plastic & Fiber  Trade debt               $358,344
Recycling, LLC
PO Box 6395
Longview, TX 75608

Sharron Knight and         legal judgment           $327,000
Derrick Hayes
c/o Carlile Law Firm
400 S. Alamo Blvd
Marshall, TX 75670

Avangard Innovative LP     judgment                 $325,000
11906 Brittmoore Park Drive
Houston, TX 77041

Astro Industries           Trade debt               $162,283

Pnewko S618 Wolfcreek      Trade debt               $147,378
Drive

Environmental Plastic      Trade debt               $130,464
Solution

B. Schoenberg & Co., Inc.  Trade debt               $98,920

Liberty Tire Recycling,    Trade debt               $82,775
LLC

Prime Time Plastics, Ltd   Trade debt               $75,714

Poly Vulc USA Inc.         Trade debt               $60,113

Minera NYCO S.A. de C.V.   Trade debt               $58,705

NMHG Financial Services    Trade debt-leased        $58,550
                           Equipment

Haynesboone Attorneys at   Trade debt               $39,727
Law

Carolina Vermiculite       Trade debt               $28,800

Recycling Technology       Trade debt               $26,846

BNSF Railway Company       Trade debt               $25,875

Equipment Support          Trade debt               $23,978
Services
                                               ------------
                                        TOTAL:  $18,725,359


NORTH BEACHES CASA: Case Summary & 7 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: North Beaches Casa Del Mar, Inc.
        12367 Mandarin Road
        Jacksonville, FL 32223

Bankruptcy Case No.: 10-02192

Chapter 11 Petition Date: March 19, 2010

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

Debtor's Counsel: Brett A. Mearkle, Esq.
                  Parker & Dufresne, P.A.
                  8777 San Jose Blvd, Suite 301
                  Jacksonville, FL 32217
                  Tel: (904) 733-7766
                  Fax: (904) 7333-2919
                  Email: bmearkle@jaxlawcenter.com

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

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

According to the schedules, the Company has assets of $1,143,500,
and total debts of $1,060,322.

A list of the Company's 7 largest unsecured creditors is available
for free at:

            http://bankrupt.com/misc/flmb10-02192.pdf

The petition was signed by Charles Revels, president of the
company.


OZBURN HESSEY: Moody's Assigns 'Ba3' Rating on $310 Mil. Loan
-------------------------------------------------------------
Moody's Investors Service has assigned a Ba3 rating to the planned
$310 million first lien credit facility, and a B3 rating to the
planned $75 million second lien credit facility of Ozburn Hessey
Holding Company, LLC.  The company's B3 corporate family and
probability of default ratings have been affirmed.  Moody's has
also stabilized the ratings outlook based on the improved
liquidity profile that will result from the transaction.  Proceeds
of the new facilities will primarily be used to refinance both its
existing $252 million bank debt and $100 million bank debt of its
affiliate, OH Logistics International Holdings, Inc.  Following
the transaction Ozburn-Hessey would own 100% of the affiliate,
versus its current minority ownership level.  The financial
sponsor, Welsh, Carson, Anderson & Stowe, will contribute the
affiliate's remaining ownership interest to Ozburn-Hessey.

The outlook has been changed to stable from negative due to
expected liquidity profile and operating performance improvement.
Under the existing bank credit facility, potential for a financial
ratio covenant breach remains elevated based on covenant test
step-downs scheduled.  Under the planned first lien facility,
step-downs would not occur until Q2-2011 and beginning headroom
should be adequate.  Confidence in borrowing line access would
therefore return.  Full year impact of 2009 new accounts and a
growing new bid pipeline, coupled with the ended recessionary de-
stocking trend, should benefit near-term revenues.  Cost cuts
implemented in 2009 should remain in 2010, permitting better
earnings with the higher revenues.  Substantial 2010 volume gain
from increased primary demand is not expected.

The B3 corporate family rating reflects a view that robust,
sustained free cash flow for debt reduction is not expected.
Improvement to the slightly higher leverage level resulting from
the transaction likely will be slowed by limited free cash flow.
(Pro forma for the transaction, debt to EBITDA would be in the low
6.0 times range, Moody's adjusted basis.) The affirmation
acknowledges Ozburn-Hessey's purchased, versus owned,
transportation business model, which enables the company to
aggressively bid for transportation services from a still
oversupplied surface transportation network.

Ratings affirmed:

  -- Corporate family B3

  -- Probability of default B3

  -- $25 million senior secured revolving facility due 2012 B1,
     LGD2, 24%, will be withdrawn at transaction close

  -- $227 million senior secured term loan due 2012 B1, LGD2, 24%,
     will be withdrawn at transaction close

Ratings assigned:

  -- $35 million first lien revolver due 2014 assigned at Ba3,
     LGD2, 20%

  -- $275 million first lien term loan due 2015 assigned at Ba3,
     LGD2, 20%

  -- $75 million second lien term loan due 2016 assigned at B3,
     LGD4, 55%

The ratings assigned herein are subject to review of final
documentation.  Moody's last rating action on Ozburn-Hessey
occurred January 22, 2010 when the B3 corporate family rating
outlook was affirmed.

Ozburn-Hessey'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 Ozburn-Hessey's core industry and Ozburn-Hessey's
ratings are believed to be comparable to those of other issuers of
similar credit risk.

Ozburn-Hessey Holding Company, LLC, headquartered in Nashville,
TN, is a provider of third-party logistics and related services,
including warehouse management, truck brokerage, customs
brokerage, freight forwarding, and dedicated contract carriage.
Ozburn-Hessey is a wholly-owned subsidiary of OHH Acquisition
Corporation, which is controlled by private equity group Welsh,
Carson, Anderson & Stowe.  Ozburn-Hessey's gross revenues were
approximately $745 million for the last twelve months ended
September 30, 2009.


OSI RESTAURANT: Bank Debt Trades at 10% Off in Secondary Market
---------------------------------------------------------------
Participations in a syndicated loan under which OSI Restaurant
Partners, Inc., is a borrower traded in the secondary market at
89.50 cents-on-the-dollar during the week ended Friday, March 19,
2010, according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  This represents an increase
of 0.77 percentage points from the previous week, The Journal
relates.  The Company pays 225 basis points above LIBOR to borrow
under the facility.  The bank loan matures on May 9, 2014, and
carries Moody's B3 rating and Standard & Poor's B+ rating.  The
debt is one of the biggest gainers and losers among 195 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

OSI Restaurant Partners, Inc., is the #3 operator of casual-dining
spots (behind Darden Restaurants and Brinker International), with
more than 1,400 locations in the U.S. and 20 other countries.  Its
flagship Outback Steakhouse chain boasts more than 950 locations
that serve steak, chicken, and seafood in Australian-themed
surroundings.  OSI also operates the Carrabba's Italian Grill
chain, with about 240 locations.  Other concepts include Bonefish
Grill, Fleming's Prime Steakhouse, and Cheeseburger In Paradise.
Most of the restaurants are company owned.  A group led by
chairman Chris Sullivan took the company private in 2007.

As reported by the Troubled Company Reporter on Feb. 24, 2009,
Moody's Investors Service downgraded OSI Restaurant's Probability
of Default rating to Ca from Caa1 and lowered the rating on its
$550 million 10% senior unsecured notes to C from Caa3.  Moody's
also placed OSI's Corporate Family and senior secured ratings on
review for possible downgrade.

The review was prompted by the recent announcement that OSI
continues to experience a substantial decline in earnings and
store traffic to levels worse than Moody's previously expected.
The company also announced that it will likely need to take an
impairment charge of between $480 and $540 million for goodwill
due to a reduction in its projected results for future periods as
a result of poor overall economic conditions.


OXIGENE INC: Ernst & Young Raises Going Concern Doubt
-----------------------------------------------------
On March 16, 2010, OXiGENE, Inc., filed its annual report on Form
10-K for the year ended December 31, 2009.

Ernst & Young LLP, in Boston, expressed substantial doubt about
the Company's ability to continue as a going concern.  The
independent auditors noted that the Company has incurred recurring
operating losses and will be required to raise additional capital,
alternative means of financial support, or both, prior to
January 1, 2011, in order to sustain operations.

The Company reported a net loss attributed to OXiGENE, Inc. of
$24.7 million on $0 revenue for the year ended December 31, 2009,
compared with a net loss attibuted to OXiGENE, Inc. of
$21.4 million on $12,000 of license revenue for 2008.

The Company's balance sheet as of Dec. 31, 2009, showed ]
$15.6 million in assets, $9.8 million of debts, and $5.8 million
of stockholders' equity.

A full-text copy of the annual report is available for free at:

               http://researcharchives.com/t/s?5adb

South San Francisco, Calif. OXiGENE, Inc., is a clinical-stage,
biopharmaceutical company developing novel therapeutics to treat
cancer and eye diseases.


PALM INC: Net Loss Narrows to $18.5 Million in Fiscal Q3 2010
-------------------------------------------------------------
Palm, Inc., last week reported a net loss of $18.529 million for
the fiscal third quarter ended February 28, 2010, from a net loss
of $95.023 million for the same period ended February 28, 2009.
Palm posted a net loss of $108.281 million for the nine months
ended February 28, 2010, from a net loss of $640.670 million for
the same period a year ago.

Palm said total revenues on a GAAP basis in the third quarter of
fiscal year 2010 were $349.9 million.  Gross profit and gross
margin on a GAAP basis were $47.0 million and 13.4%, respectively.

Palm said non-GAAP Adjusted Revenues in the third quarter totaled
$366.0 million and non-GAAP Adjusted Gross Profit was $63.5
million.  Non-GAAP Adjusted Gross Margin was 17.3% and was
impacted by a $45.3 million charge taken in the quarter for
reserves for inventory purchase commitments, which exceed current
forecasted demand.  Excluding the impact of the inventory purchase
commitment reserves, non-GAAP Adjusted Gross Margin in the third
quarter would have been 29.7%.

"Our recent underperformance has been very disappointing, but the
potential for Palm remains strong," said Jon Rubinstein, Palm
chairman and chief executive officer. "The work we're doing to
improve sales is having an impact, we're making great progress on
future products, and we're looking forward to upcoming launches
with new carrier partners.  Most importantly, we have built a
unique and highly differentiated platform in webOS, which will
provide us with a considerable -- and growing -- advantage as we
move forward."

The company shipped a total of 960,000 smartphone units during the
quarter, representing a 23% increase from the second quarter of
fiscal year 2010 and an almost 300% increase versus the third
quarter of fiscal year 2009.  Smartphone sell-through for the
third quarter was 408,000 units, down 29% from the second quarter
of fiscal year 2010 and down 15% year-over-year.

On a GAAP basis, net loss attributable to common stockholders for
the third quarter of fiscal year 2010 was $(22.0) million, or
$(0.13) per diluted common share. This compares to a net loss
attributable to common stockholders for the second quarter of
fiscal year 2010 of $(13.7) million, or $(0.09) per diluted share,
and to a net loss attributable to common stockholders for the
third quarter of fiscal year 2009 of $(98.0) million, or $(0.89)
per diluted common share.

Non-GAAP Net Loss for the third quarter of fiscal year 2010 was
$(102.8) million, or $(0.61) per diluted share. This compares to a
non-GAAP Net Loss for the second quarter of fiscal year 2010 of
$(45.5) million, or $(0.29) per diluted share, and to a non-GAAP
Net Loss for the third quarter of fiscal year 2009 of $(94.7)
million, or $(0.86) per diluted share.

Earnings before interest, taxes, depreciation and amortization, or
EBITDA, for the third quarter of fiscal year 2010 totaled $(5.7)
million. EBITDA, adjusted to exclude the effect of ratable revenue
recognition, stock-based compensation, net other income (expense),
restructuring charges, a casualty recovery, a gain on the sale of
auction rate securities and a gain on series C derivatives, or
Adjusted EBITDA, totaled $(90.2) million.

As of February 28, 2010, Palm had total assets of $1.007 billion;
total current liabilities of $601.133 million; Long-term debt of
$387.000 million; Non-current deferred revenues of $19.001
million; Non-current tax liabilities of $6.286 million; Series B
redeemable convertible preferred stock of $272.961 million; and
Series C redeemable convertible preferred stock of $18.782
million; resulting in stockholders' deficit of $297.926 million.

The company's cash, cash equivalents and short-term investments
balance was $591.9 million at the end of the third quarter of
fiscal year 2010. Cash used from operations for the third quarter
of fiscal year 2010 was $(0.5) million.

A full-text copy of Palm's earnings release is available at no
charge at http://ResearchArchives.com/t/s?5b61

                         About Palm Inc.

Sunnyvale, California-based Palm, Inc. (NASDAQ: PALM) creates
intuitive and powerful mobile experiences that enable consumers
and businesses to connect to their information in more useful and
usable ways.  Palm products are sold through select Internet,
retail, reseller and wireless operator channels, and at the Palm
online store at http://www.palm.com/store

                           *     *     *

As reported by the Troubled Company Reporter on March 5, 2010,
Standard & Poor's Ratings Services affirmed its 'CCC+' corporate
credit rating and other ratings on Palm Inc. and revised the
ratings outlook to negative from positive.  "The action reflects
the company's announcement that revenues in the February 2010
quarter and fiscal year ending May 2010 will be well below earlier
expectations," said Standard & Poor's credit analyst Bruce Hyman.


PALM INC: Samana, Maverick No Longer Hold Shares
------------------------------------------------
Greenwich, Connecticut-based Samana Capital, L.P., Morton
Holdings, Inc., and Philip B. Korsant disclosed that as of
December 31, 2009, they no longer held shares of Palm Inc. common
stock.

New York-based Maverick Capital, Ltd.; Maverick Capital
Management, LLC; and Lee S. Ainslie III also disclosed that as of
December 31, 2009, they no longer held shares of Palm Inc. common
stock.

Sunnyvale, California-based Palm, Inc. (NASDAQ: PALM) creates
intuitive and powerful mobile experiences that enable consumers
and businesses to connect to their information in more useful and
usable ways.  Palm products are sold through select Internet,
retail, reseller and wireless operator channels, and at the Palm
online store at http://www.palm.com/store

                           *     *     *

As reported by the Troubled Company Reporter on March 5, 2010,
Standard & Poor's Ratings Services affirmed its 'CCC+' corporate
credit rating and other ratings on Palm Inc. and revised the
ratings outlook to negative from positive.  "The action reflects
the company's announcement that revenues in the February 2010
quarter and fiscal year ending May 2010 will be well below earlier
expectations," said Standard & Poor's credit analyst Bruce Hyman.


PALM INC: Credit Suisse Holds 1.1% of Common Stock
--------------------------------------------------
Zurich, Switzerland-based Credit Suisse AG disclosed that as of
December 31, 2009, it may be deemed to beneficially own 1,807,120
shares or roughly 1.1% of the common stock of Palm Inc.

Sunnyvale, California-based Palm, Inc. (NASDAQ: PALM) creates
intuitive and powerful mobile experiences that enable consumers
and businesses to connect to their information in more useful and
usable ways.  Palm products are sold through select Internet,
retail, reseller and wireless operator channels, and at the Palm
online store at http://www.palm.com/store

                           *     *     *

As reported by the Troubled Company Reporter on March 5, 2010,
Standard & Poor's Ratings Services affirmed its 'CCC+' corporate
credit rating and other ratings on Palm Inc. and revised the
ratings outlook to negative from positive.  "The action reflects
the company's announcement that revenues in the February 2010
quarter and fiscal year ending May 2010 will be well below earlier
expectations," said Standard & Poor's credit analyst Bruce Hyman.


PALM INC: Artis Capital Holds 0.2% of Common Stock
--------------------------------------------------
San Francisco, California-based Artis Capital Management, L.P.;
Artis Capital Management, Inc.; and Stuart L. Peterson disclosed
that as of December 31, 2009, they may be deemed to beneficially
own 303,000 shares or roughly 0.2% of the common stock of Palm
Inc.

Sunnyvale, California-based Palm, Inc. (NASDAQ: PALM) creates
intuitive and powerful mobile experiences that enable consumers
and businesses to connect to their information in more useful and
usable ways.  Palm products are sold through select Internet,
retail, reseller and wireless operator channels, and at the Palm
online store at http://www.palm.com/store

                           *     *     *

As reported by the Troubled Company Reporter on March 5, 2010,
Standard & Poor's Ratings Services affirmed its 'CCC+' corporate
credit rating and other ratings on Palm Inc. and revised the
ratings outlook to negative from positive.  "The action reflects
the company's announcement that revenues in the February 2010
quarter and fiscal year ending May 2010 will be well below earlier
expectations," said Standard & Poor's credit analyst Bruce Hyman.


PERSONALITY HOTELS: Section 341(a) Meeting Scheduled for April 13
-----------------------------------------------------------------
The U.S. Trustee for Region 17 will convene a meeting of creditors
in Personality Hotels III, LLC's Chapter 11 case on April 13,
2010, at 10:30 a.m.  The meeting will be held at San Francisco
U.S. Trustee Off, Office of the U.S. Trustee, 235 Pine Street,
Suite 850, San Francisco, CA 94104.

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.

San Francisco, California-based Personality Hotels III, LLC, owns
Hotel Frank and Vertigo Hotel in San Francisco.  The Company filed
for Chapter 11 bankruptcy protection on March 10, 2010 (Bankr.
N.D. Calif. Case No. 10-30804).  Edward C. Singer, Esq., at Lemi
Group Legal Department, assists the Company in its restructuring
effort.  The Company listed $10,000,001 to $50,000,000 in assets
and $50,000,001 to $100,000,000 in liabilities.


PHEASANT RUN: Files Schedules of Assets & Liabilities
-----------------------------------------------------
Pheasant Run Apartments, L.P., has filed with the U.S. Bankruptcy
Court for the Southern District of Indian its schedules of assets
and liabilities, disclosing:

   Name of Schedule             Assets             Liabilities
   ----------------             ------             -----------
A. Real Property           $10,483,000

B. Personal Property          $228,300

C. Property Claimed as
   Exempt

D. Creditors Holding
   Secured Claims                                   $9,800,000

E. Creditors Holding
   Unsecured Priority
   Claims                                             $392,323

F. Creditors Holding
   Unsecured Non-priority
   Claims                                             $270,977
                           -----------             -----------
TOTAL                      $10,711,300             $10,463,300

Indianapolis, Indiana-based Pheasant Run Apartments, L.P., filed
for Chapter 11 bankruptcy protection on March 11, 2010 (Bankr.
S.D. Ind. Case No. 10-03060).  Scott N. Schreiber, Esq., at Stahl
Cowen Crowley, LLC, assists the Company in its restructuring
effort.


PHEASANT RUN: Section 341(a) Meeting Scheduled for April 21
-----------------------------------------------------------
The U.S. Trustee for Region 10 will convene a meeting of creditors
in Pheasant Run Apartments, L.P.'s Chapter 11 case on April 21,
2010, at 1:30 p.m.  The meeting will be held at Room 416C U.S.
Courthouse, 46 E. Ohio Street, Indianapolis, IN 46204.

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.

Indianapolis, Indiana-based Pheasant Run Apartments, L.P., filed
for Chapter 11 bankruptcy protection on March 11, 2010 (Bankr.
S.D. Ind. Case No. 10-03060).  Scott N. Schreiber, Esq., at Stahl
Cowen Crowley, LLC, assists the Company in its restructuring
effort.  According to the schedules, the Company has assets of
$10,711,300, and total debts of $10,463,300.


PINNACLE FOODS: Bank Debt Trades at 5% Off in Secondary Market
--------------------------------------------------------------
Participations in a syndicated loan under which Pinnacle Foods is
a borrower traded in the secondary market at 95.32 cents-on-the-
dollar during the week ended Friday, March 19, 2010, according to
data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents an increase of 1.04 percentage
points from the previous week, The Journal relates.  The Company
pays 275 basis points above LIBOR to borrow under the facility.
The bank loan matures on April 2, 2014, and carries Moody's B2
rating and Standard & Poor's B rating.  The debt is one of the
biggest gainers and losers among 195 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday.

On Nov. 24, 2009, the Troubled Company Reporter said that Standard
& Poor's placed its rating on Pinnacle Foods Group LLC, including
its 'B-' corporate credit rating, on CreditWatch with positive
implications.  "We placed the ratings on CreditWatch positive when
Pinnacle Foods announced an agreement to acquire Birds Eye Foods,
Inc., in a transaction valued at $1.3 billion," said Standard &
Poor's credit analyst Christopher Johnson.  "We believe that the
acquisition will likely be leverage neutral."  S&P estimates that
pro forma debt to EBITDA, excluding any EBITDA synergies, would be
about 7.8x compared with a ratio of about 7.7x for the 12 months
ended Sept. 30, 2009, and that potential synergies from the
combination could result in reduced leverage following the close
of the transaction.

Based in Mt. Lakes, N.J., Pinnacle Foods Group LLC manufactures,
markets and distributes branded food products.  It was formerly
referred as Pinnacle Foods Group, Inc., prior to April 2, 2007.


PONIARD PHARMA: Posts $45.7 Million Net Loss in 2009
----------------------------------------------------
Poniard Pharmaceuticals, Inc., filed its annual report on Form
10-K, showing a net loss of $45.7 million for the year ended
December 31, 2009, compared with a net loss of $48.6 million for
2008.  The Company reported zero revenue in both years.

The Company's balance sheet as of Dec. 31, 2009, showed
$52.4 million in assets, $28.8 million of debts, and $23.6 million
of stockholders' equity.

KPMG LLP, in Seattle, Wash., expressed substantial doubt about the
Company's ability to continue as a going concern in its report on
the Company's consolidated financial statements for the year ended
December 31, 2008.  The independent auditors noted that
of the Company's recurring losses from operations and negative
cash flows.  On May 22, 2009, the Board of Directors of the
Company, based on its Audit Committee's recommendation, dismissed
KPMG LLP and approved the engagement of Ernst & Young LLP to serve
as the Company's independent auditors for the fiscal year 2009.

While E&Y did not include a "going concern" explanatory paragraph
in its report on the Company's fiscal year 2009 consolidated
financial statements, the Company said in its Form 10-K report for
2009:

"Our consolidated financial statements have been prepared assuming
that we will continue as a going concern, which contemplates
realization of assets and the satisfaction of liabilities in the
normal course of business for a reasonable period following the
date of these financial statements.  As of December 31, 2009, we
had net working capital of $27.4 million, an accumulated deficit
of $408.2 million and total shareholders' equity of
$23.6 million."

A full-text copy of the annual report is available for free at:

               http://researcharchives.com/t/s?5ab8

South San Francisco, Calif.-based Poniard Pharmaceuticals, Inc. is
a biopharmaceutical company focused on the development and
commercialization of cancer therapeutics.  The Company's lead
product candidate is picoplatin, a new generation platinum-based
cancer therapy that has the potential to become a platform product
for use in different formulations, as a single agent or in
combination with other anti-cancer agents, to treat multiple
cancer indications, including small cell lung, colorectal,
prostate and ovarian cancers.


QUEST RESOURCE: Files Form 15 to Deregister Unsold Shares
---------------------------------------------------------
Postrock Energy Services Corporation, formerly named Quest
Resource Corporation, has filed with the Securities and Exchange
Commission a Form 15 to cancel the registration of the Company's:

     -- Common Stock, par value $0.001 per share; and
     -- Series B Junior Participating Preferred Stock Purchase
        Rights

On March 5, 2010, pursuant to the Agreement and Plan of Merger --
dated as of July 2, 2009 and amended on October 2, 2009, by and
among PostRock Energy Corporation, QRCP, Quest Midstream Partners,
L.P., Quest Energy Partners, L.P., Quest Midstream GP, LLC, Quest
Energy GP, LLC, Quest Resource Acquisition Corp. as QRCP Merger
Sub; Quest Energy Acquisition, LLC, Quest Midstream Holdings Corp.
and Quest Midstream Acquisition, LLC -- QRCP Merger Sub merged
with and into QRCP, with QRCP surviving.  QRCP was subsequently
renamed as PostRock Energy Services Corporation.  As a result of
the merger, QRCP became a wholly-owned subsidiary of PostRock.
Immediately prior to the merger, the Series B Junior Participating
Preferred Stock Purchase Rights ceased to be outstanding.

Pursuant to the QRCP Merger, each share of QRCP common stock was
converted into the right to receive 0.0575 shares of PostRock
common stock, ceased to be issued, was delisted from The Nasdaq
Global Market and will be deregistered under the Securities
Exchange Act of 1934, as amended.

QRCP also has filed with the SEC Post-Effective Amendment to
various Registration Statements related to the offering of shares
of QRCP's common stock, preferred stock, senior debt securities,
subordinated debt securities, and warrants, together with the
guarantees of the senior debt securities by certain subsidiary
guarantors of QRCP.  QRCP deregistered any and all securities
previously registered under the Registration Statements that
remain unsold.

                           Going Concern

QRCP incurred significant losses from 2003 through 2008 and into
2009, mainly attributable to operations, legal restructurings,
financings, the current legal and operational structure and, to a
lesser degree, the cash expenditures resulting from the
investigation related to certain unauthorized transfers,
repayments and re-transfers of funds to entities controlled by its
former chief executive officer.  The Company has determined that
there is substantial doubt about its ability to continue as a
going concern.

                       About Quest Resource

Quest Resource Corporation -- http://www.questresourcecorp.com/--
is a fully integrated E&P company that owns: producing properties
and acreage in the Appalachian Basin of the northeastern United
States; 100% of the general partner and a 57% limited partner
interest in Quest Energy Partners, L.P. ("QELP"), including
subordinated units; and 85% of the general partner and 36.4% of
the limited partner interests in the form of subordinated units in
Quest Midstream Partners, L.P. ("QMLP").  The Company operates and
controls QELP and QMLP through its ownership of their general
partners.

Quest Energy Partners, L.P. -- http://www.qelp.net/-- was formed
by the Company to acquire, exploit and develop natural gas and oil
properties and to acquire, own, and operate related assets.  QELP
owns more than 2,400 wells and is the largest producer of natural
gas in the Cherokee Basin, which is located in southeast Kansas
and northeast Oklahoma.  QELP also owns natural gas and oil
producing wells in the Appalachian Basin of the northeastern
United States and in Seminole County, Oklahoma.

Quest Midstream Partners, L.P. -- http://www.qmlp.net/-- was
formed by the Company to acquire and develop transmission and
gathering assets in the midstream natural gas and oil industry.
QMLP owns more than 2,000 miles of natural gas gathering pipelines
and over 1,100 miles of interstate natural gas transmission
pipelines in Oklahoma, Kansas, and Missouri.


RADIENT PHARMACEUTICALS: St. George Extends Waiver Until May 15
---------------------------------------------------------------
Radient Pharmaceuticals Corporation, formerly AMDL, Inc.,
disclosed that on February 16, 2010, it entered into a Waiver of
Default agreement with St. George Investments, LLC, pursuant to
which:

     (i) St. George waived all defaults through May 15, 2010, and
         agreed not to accelerate the amounts due under a 12%
         promissory note before May 15, 2010; and

    (ii) St. George will exercise their Warrant to purchase
         140,000 shares of the Company's common stock at $0.65 per
         share.

In consideration for the waiver, Radient agreed to pay St. George
a default fee equal to $50,000, which will be added to the balance
of the Note effective as of the February 16, 2010.  If the Company
fails to comply with the terms of the February 16 Waiver, the
February 16  Waiver shall be immediately withdrawn, deemed to have
never been given and the occurrence of default will again be
effective, pursuant to which St. George can declare the
outstanding balance of their note immediately due and payable.

On December 11, 2009, Radient entered into a Waiver of Default
agreement with St. George, pursuant to which St. George waived all
defaults under the 12% promissory note in the principal amount of
$555,555.56 through February 1, 2010 and agreed not to accelerate
any amounts due under the St. George Note before February 1, 2010.

                  Going Concern Qualification

On April 15, 2009, Radient Pharmaceuticals (formerly AMDL, Inc.)
filed with the SEC an Annual Report on Form 10-K in which included
an audit opinion with a "going concern" explanatory paragraph
which expresses doubt, based upon current financial resources, as
to whether AMDL can meet its continuing obligations without access
to additional working capital.

                   About Radient Pharmaceuticals

Headquartered in Tustin, California, Radient Pharmaceuticals
Corporation, formerly AMDL, Inc., is an integrated pharmaceutical
company devoted to the research, development, manufacturing, and
marketing of diagnostic, and premium skin care products.

At September 30, 2009, the Company had $26,160,438 in total assets
against $4,927,694 in total liabilities.  The September 30 balance
sheet showed strained liquidity: The Company had $246,048 in total
current assets against $2,950,658 in total current liabilities.


RADLAX GATEWAY: Has Until April 21 to Propose Chapter 11 Plan
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
extended RadLAX Gateway Hotel, LLC, et al.'s exclusive periods to
file and solicit acceptances of the proposed Chapter 11 Plan until
April 21, 2010, and June 21, 2010, respectively.

Oak Brook, Illinois-based RadLAX Gateway Hotel, LLC, operates a
hotel.  The Company and its affiliates filed for Chapter 11 on
Aug. 17, 2009 (Bankr. N.D. Ill. Case Nos. 09-30047 - 09-30032).
David M. Neff, Esq., at Perkins Coie LLP represents the Debtors in
their restructuring efforts.  In their petition, the Debtors
listed  $50,000,001 to $100,000,000 in assets and $100,000,001 to
$500,000,000 in debts.


RADLAX GATEWAY: Can Access Airport Room Revenues Until April 21
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois,
in a fifth interim order, authorized RadLAX Gateway Hotel, LLC,
and its debtor-affiliates to:

   -- use until April 21, 2010, Radisson Hotel at Los Angeles
      Airport's rooms revenues and food and beverage revenues in
      which the lender has an interest; and

   -- grant adequate protection to a secured lender.

A further hearing in the Debtor's access to the cash collateral
will be held on April 21, 2010, at 10:30 a.m.  Objections, if any,
are due on April 14, 2010.

As reported in the Troubled Company Reporter on December 29, 2009,
as of the petition date, the Debtor and RadLAX Gateway Deck, LLC,
owed in excess of $120 million on account of the construction loan
from Amalgamated Bank, as trustee of the Longview Ultra I
Construction Loan Investment Fund, in its capacity as
administrative agent for itself and San Diego National Bank.

The Debtor would use the cash collateral to pay operating expenses
of the hotel.

As adequate protection to Amalgamated Bank, the Debtor said that
the continued operation and maintenance of the hotel will preserve
the value of the lender's collateral.  The Debtor is not providing
the lender with any additional liens.

The Debtors' use of cash collateral will expire on the earliest to
occur of: (a) April 21, 2010; or (b) the occurrence of a
termination event.

                    About RadLAX Gateway Hotel

Oak Brook, Illinois-based RadLAX Gateway Hotel, LLC, operates a
hotel.  The Company and its affiliates filed for Chapter 11 on
Aug. 17, 2009 (Bankr. N.D. Ill. Case Nos. 09-30047 - 09-30032).
David M. Neff, Esq., at Perkins Coie LLP represents the Debtors in
their restructuring efforts.  In their petition, the Debtors
listed  $50,000,001 to $100,000,000 in assets and $100,000,001 to
$500,000,000 in debts.


RAYMOND LEE ROSSI: Case Summary & 8 Largest Unsecured Creditors
---------------------------------------------------------------
Joint Debtors: Raymond Lee Rossi
                 dba Rossi Produce
                 dba Rossi Trading
               Anita Marie Rossi
                 dba Rossi Produce
                 dba Rossi Trading
               19150 County Road 10
               Hudson, CO 80642-9121

Bankruptcy Case No.: 10-15925

Chapter 11 Petition Date: March 19, 2010

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Judge: Howard R. Tallman

Debtors' Counsel: Jeffrey Weinman, Esq.
                  730 17th St., Ste. 240
                  Denver, CO 80202
                  Tel: (303) 572-1010
                  Email: jweinman@epitrustee.com

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

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

According to the schedules, the Company has assets of $2,741,884
and total debts of $8,872,082.

A list of the Company's 8 largest unsecured creditors is available
for free at:

             http://bankrupt.com/misc/cob10-15925.pdf

The petition was signed by the Joint Debtors.


RBDB INVESTMENTS: Case Summary & 2 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: RBDB Investments LLC
        2565 Shaker Village Drive
        North Bend, OH 45052

Bankruptcy Case No.: 10-11748

Chapter 11 Petition Date: March 19, 2010

Court: United States Bankruptcy Court
       Southern District of Ohio (Cincinnati)

Judge: Jeffery P. Hopkins

Debtor's Counsel: Charles M. Meyer, Esq.
                  Santen & Hughes
                  600 Vine Street, Suite 2700
                  Cincinnati, OH 45202
                  Tel: (513) 852-5986
                  Fax: (513) 721-0109
                  Email: cmm@santen-hughes.com

                  Deepak K. Desai, Esq.
                  Santen & Hughes LPA
                  600 Vine Street, Suite 2700
                  Cincinnati, OH 45202
                  Tel: (513) 721-4450
                  Fax: (513) 721-0109
                  Email: dkd@santen-hughes.com

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

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

According to the schedules, the Company has assets of $10,375,000,
and total debts of $11,837,160.

The petition was signed by Richard T. Brunsman Jr., the company's
authorized member.

Debtor-affiliates that filed separate Chapter 11 petitions:
                                                    Petition
  Debtor                               Case No.      Date
  ------                               --------      ----
Richard T. Brunsman, Jr.               10-11371     3/05/10
Harmony Park, LLC                      10-11566     3/12/10

Debtor's List of 2 Largest Unsecured Creditors:

  Entity                   Nature of Claim        Claim Amount
  ------                   ---------------        ------------
Center Bank                Bank loan              $736,664
744 SR 28
Milford, OH 45150

North Side Bank & Trust    Release of mortgage    $1,460,000
4125 Hamilton Avenue       in exchange for
Cincinatti, OH 45203       partial assignment
                           of proceeds payable
                           on promissory note
                           held by Cleves
                           Development LLC


REMINGTON RANCH: Amends List of Largest Unsecured Creditors
-----------------------------------------------------------
Remington Ranch, LLC, filed with the U.S. Bankruptcy Court for the
District of Oregon amended list of largest unsecured creditors.

A full-text copy of the list of unsecured creditors are:
http://bankrupt.com/misc/RemingtonRanch_AmendedUnsecCreditors.pdf

Powell Butte, Oregon-based Remington Ranch, LLC, is a property
developer.  The Company filed for Chapter 11 bankruptcy protection
on January 21, 2010 (Bankr. D. Ore. Case No. 10-30406).  The
Company listed $10,000,001 to $50,000,000 in assets and
$10,000,001 to $50,000,000 in liabilities.


REMINGTON RANCH: Files Schedules of Assets and Liabilities
----------------------------------------------------------
Remington Ranch, LLC, filed with the U.S. Bankruptcy Court for the
District of Oregon its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $29,000,000
  B. Personal Property              $298,544
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $17,074,360
  E. Creditors Holding
     Unsecured Priority
     Claims                                            $8,401
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $15,370,523
                                 -----------      -----------
        TOTAL                    $29,298,544      $32,453,284

Powell Butte, Oregon-based Remington Ranch, LLC, is a property
developer.  The Company filed for Chapter 11 bankruptcy protection
on January 21, 2010 (Bankr. D. Ore. Case No. 10-30406).  The
Company listed $10,000,001 to $50,000,000 in assets and
$10,000,001 to $50,000,000 in liabilities.


REMINGTON RANCH: Has Access to James Pippin Cash Until March 26
---------------------------------------------------------------
The Hon. Elizabeth Perris of the U.S. Bankruptcy Court for the
District of Oregon authorized, on an interim basis, Remington
Ranch, LLC, to obtain $15,335 postpetition financing from James
Pippin to pay operating expenses until a final hearing is held.

A final hearing on the Debtor's request for cash collateral use
will be held on March 26, 2010, at 9:00 a.m. at Courtroom No. 1 in
Portland.

As reported in the Troubled Company Reporter on February 5, 2010,
the DIP lender has committed to provide up to $45,000 with an
interest at 6% per annum.  The postpetition financing from the
lender will be given an administrative expense status, subordinate
only to U.S. Trustee fees and professional fees.

Powell Butte, Oregon-based Remington Ranch, LLC, is a property
developer.  The Company filed for Chapter 11 bankruptcy protection
on January 21, 2010 (Bankr. D. Ore. Case No. 10-30406).  The
Company listed $10,000,001 to $50,000,000 in assets and
$10,000,001 to $50,000,000 in liabilities.


REMINGTON RANCH: Has Until May 21 to Propose Reorganization Plan
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Oregon directed
Remington Ranch, LLC, to file a disclosure statement and plan of
reorganization by May 21, 2010.

Powell Butte, Oregon-based Remington Ranch, LLC, is a property
developer.  The Company filed for Chapter 11 bankruptcy protection
on January 21, 2010 (Bankr. D. Ore. Case No. 10-30406).  The
Company listed $10,000,001 to $50,000,000 in assets and
$10,000,001 to $50,000,000 in liabilities.  In its schedules, the
Debtor listed total assets of $29,298,544 and total liabilities of
$32,453,284.


RIM DEVELOPMENT: Files Amended Schedules of Assets and Liabilities
------------------------------------------------------------------
RIM Development, LLC, filed with the U.S. Bankruptcy Court for the
District of Kansas amended schedules of assets and liabilities,
disclosing:

   Name of Schedule                Assets           Liabilities
   ----------------                ------           -----------
A. Real Property               $20,000,000
B. Personal Property              $293,743
C. Property Claimed as
   Exempt
D. Creditors Holding
   Secured Claims                                   $11,302,541
E. Creditors Holding
   Unsecured Priority
   Claims                                                    $0
F. Creditors Holding
   Unsecured Non-priority
   Claims                                              $383,172
                                  -----------        -----------
   TOTAL                          $20,290,743       $11,685,713

Roca, Nebraska-based RIM Development, LLC, filed for Chapter 11
bankruptcy protection on January 22, 2010 (Bankr. D. Kan. Case No.
10-10132).  Susan G. Saidian, Esq., who has an office in Wichita,
Kansas, assists the Company in its restructuring effort.  The
Company listed $10,000,001 to $50,000,000 in assets and
$10,000,001 to $50,000,000 in liabilities.


RIM DEVELOPMENT: Has Access to Lenders' Cash Until April 8
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Kansas, in a minutes
for the March 11 hearing, extended until April 8, 2010, RIM
Development, LLC's access to cash securing obligation to its
prepetition lenders.  The hearing will be held at at Wichita Room
150.

A final hearing on the Debtor's cash collateral use will be held
on April 8, 2010, at 1:30 p.m.

The Debtor would utilize the rents, which Commerce Bank & Trust
nka CoreFirst Bank & Trust or Textron Financial holds an interest
in, for payment of expenses of operating the apartment complex and
the other real estate and the expenses.

As adequate protection for any diminution in value of the lenders'
collateral, the Debtors will grant the prepetition lenders
adequate protection liens.

Roca, Nebraska-based RIM Development, LLC, owns a real estate in
Ogden, Kansas.  The Company filed for Chapter 11 bankruptcy
protection on January 22, 2010 (Bankr. D. Kan. Case No. 10-10132).
Susan G. Saidian, Esq., who has an office in Wichita, Kansas,
assists the Company in its restructuring effort.  The Company
listed $10,000,001 to $50,000,000 in assets and $10,000,001 to
$50,000,000 in liabilities.


RONALD PARKHURST: Case Summary & 2 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Ronald William Parkhurst
        P.O. Box 827
        1510 Piiholo Road
        Makawao, HI 96768

Bankruptcy Case No.: 10-00755

Chapter 11 Petition Date: March 17, 2010

Court: United States Bankruptcy Court
       District of Hawaii (Honolulu)

Judge: Bankruptcy Judge Robert J. Faris

Debtor's Counsel: Frederick J. Arensmeyer, Esq.
                  Dubin Law Offices
                  55 Merchant Street, Suite 3100
                  Honolulu, HI 96813
                  Tel: (808) 537-2300
                  Fax: (808) 523-7733
                  Email: farensmeyer@dubinlaw.net

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

Estimated Debts: $500,001 to $1,000,000

A list of the Company's 2 largest unsecured creditors is available
for free at:

             http://bankrupt.com/misc/hib10-00755.pdf

The petition was signed by Mr. Parkhurst.


ROTHSTEIN ROSENFELDT: Bankr. Court Won't Hear 3rd Party Claims
--------------------------------------------------------------
Bankruptcy Law360 reports that a district court has refused to
refer third-party claims arising from Scott Rothstein's
$1.2 billion Ponzi scheme to the bankruptcy court that is
overseeing the Chapter 11 proceeding of Rothstein's law firm.

Scott Rothstein, co-founder to Rothstein Rosenfeldt, has been
suspected of running a multimillion-dollar Ponzi scheme.  U.S.
authorities claimed in a civil forfeiture lawsuit filed Nov. 9
that Mr. Rothstein, the firm's former chief executive officer,
sold investments in non-existent legal settlements.  Mr. Rothstein
hasn't been charged criminally by U.S. authorities, who continue
to investigate the case.

Creditors of Rothstein Rosenfeldt Adler PA signed a petition
sending the Florida law firm to bankruptcy (Bankr. S.D. Fla. Case
No. 09-34791).  The petitioners include Bonnie Barnett, who says
she lost $500,000 in legal settlement investments; Aran
Development, Inc., which said it lost $345,000 in investments; and
trade creditor Universal Legal, identified as a recruitment firm,
which said it is owed $7,800.  The creditors alleged being owed
money invested in lawsuit settlements.

Herbert M. Stettin, the state-court appointed receiver for
Rothstein Rosenfeldt, was officially carried over as the
Chapter 11 trustee in the involuntary bankruptcy case.


RUBICON US: Delaware Court Terminates Exclusive Plan Filing
-----------------------------------------------------------
The Hon. Brendan Shannon of the U.S. Bankruptcy Court for the
District of Delaware terminated, at the behest of the senior
noteholders of Rubicon US REIT Inc., the company's exclusive
period to file a Chapter 11 plan, saying the circumstances of the
Chapter 11 case were "truly extraordinary" and "cry out for
immediate relief," according to Reuters.

                       About Rubicon US REIT

Rubicon US REIT Inc. is a Chicago-based real estate investment
trust.  Rubicon filed for Chapter 11 bankruptcy protection on
January 20, 2010 (Bankr. D. Del. Case No. 10-10160).  Attorneys at
Phillips, Goldman & Spence, have been tapped as bankruptcy
counsel.  Phillips, Goldman & Spence, P.A. is Delaware bankruptcy
counsel Grant Thornton LLP is the Company's financial advisor.
Garden City Group is the claims and notice agent.  In its
petition, the Company listed $100,000,001 to $500,000,000 in
assets and $100,000,001 to $500,000,000 in liabilities.  The
Company's affiliates -- Rubicon GSA II, LLC, et al. -- also filed
Chapter 11 petitions.


RUFFIN ROAD OFFICE: Case Summary & 1 Largest Unsecured Creditor
---------------------------------------------------------------
Debtor: Ruffin Road Office Park LP
        26478 Ynez Road
        Temecula, CA 92591

Bankruptcy Case No.: 10-17606

Chapter 11 Petition Date: March 17, 2010

Court: United States Bankruptcy Court
       Central District of California (Riverside)

Judge: Peter Carroll

Debtor's Counsel: Thomas C. Nelson, Esq.
                  484 Prospect Street
                  La Jolla, CA 92037
                  Tel: (619) 236-1245

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

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

The Debtor identified AT&T with trade debt claim for $689 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/cacb10-17606.pdf

The petition was signed by Kevin Tucker, president of general
partner of the Company.


SAGAMORE FUND 1 LLC: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Sagamore Fund 1, LLC
        15 East Putnam Avenue
        Greenwich, CT 06830

Bankruptcy Case No.: 10-50610

Chapter 11 Petition Date: March 18, 2010

Court: United States Bankruptcy Court
       District of Connecticut (Bridgeport)

Judge: Alan H.W. Shiff

Debtor's Counsel: Dana Kaplan, Esq.
                  Klarides & Kaplan LLC
                  284 South Lambert Road
                  Orange, CT 06477
                  Tel: (203) 404-1160
                  Fax: (203) 404-1157
                  Email: dkaplan@klarideskaplan.com

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

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

According to the schedules, the Company has assets of $1,289,326,
and total debts of $3,792,331.

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

The petition was signed by Nicholas Lizotte, managing member of
the Company.


SAND TECHNOLOGY: Posts C$27,951 Net Loss in Q2 Ended January 31
---------------------------------------------------------------
On March 18, 2010, SAND Technology Inc. filed a current report on
Form 6-K for the month ended March 18, 2010, which contained the
Company's interim consolidated financial statements for the three
month period ended January 31, 2010.

The Company reported a net loss of C$27,951 on C$1,924,251 of
revenue for the three months ended January 31, 2010, compared with
a net loss of C$127,415 on C$1,747,384 of revenue for the same
period ended January 31, 2009.

The Company's balance sheet as of January 31, 2010, showed
C$2,807,795 in assets and C$4,151,380 of debts, for a
stockholders' deficit of C$1,343,585.

"In light of operating losses suffered in the past years, the
Corporation's ability to realize its assets and discharge its
liabilities depends on the continued financial support of its
shareholders and debenture holders, its ability to obtain
additional financing and its ability to achieve revenue growth.
The Corporation is executing a business plan to allow it to
continue as a going concern which is to continue to search for
additional sources of debt and equity financing, and achieve
profitability through cost containment and revenue growth.  There
can be no assurance that the Corporation's activities will be
successful."

"While the financial statements have been prepared on the basis of
accounting principles applicable to a going concern, current
global economic turbulence and liquidity crisis cast substantial
doubt upon validity of this assumption.

A full-text copy of the Company's interim consolidated financial
statements for the second quarter ended January 31, 2010, is
available for free at http://researcharchives.com/t/s?5b59

                      About SAND Technology

Westmount, Quebec-based SAND Technology Inc. (OTC BB: SNDTF)
-- http://www.sand.com/-- provides Data Management Software and
Best Practices for storing, accessing, and analyzing large amounts
of data on-demand while lowering TCO, leveraging existing
infrastructure and improving operational performance.

SAND/DNA solutions include CRM analytics, and specialized
applications for government, healthcare, financial services,
telecommunications, retail, transportation, and other business
sectors.  SAND Technology has offices in the United States,
Canada, the United Kingdom and Central Europe.


SENTINEL MANAGEMENT: 7th Circ. Puts Trustee Back On BoNY Warpath
----------------------------------------------------------------
In a robust reversal, a federal appeals court has ruled that
Bankruptcy Code restrictions cannot prevent the liquidation
trustee for Sentinel Management Group Inc. from suing Bank of New
York Mellon Corp. on behalf of Sentinel investors allegedly
defrauded of hundreds of millions of dollars, according to
Bankruptcy Law360.

Based in Northbrook, Illinois, Sentinel Management Group Inc. --
http://www.sentinelmgi.com/-- was a full service firm offering
a variety of security solutions.  The Company filed a voluntary
Chapter 11 petition on August 17, 2007 (Bankr. N.D. Ill. Case No.
07-14987).  Ronald Barliant, Esq., Randall Klein, Esq., and
Kathryn A. Pamenter, Esq., at Goldberg, Kohn, Bell & Black
Rosenbloom & Moritz, Ltd., represent the Debtor.  Lawyers at
Quinn, Emanuel Urquhart Oliver & Hedges, LLP, represents the
Official Committee of Unsecured Creditors.  When the Debtor
sought bankruptcy protection, it estimated assets and debts
of more than $100 million.

On August 28, 2007, the Court approved Frederick Grede as the
Debtor's Chapter 11 Trustee.  Marc I. Fenton, Esq., at DLA Piper
US LLP, and Vincent E. Lazar, Esq, at Jenner & Block LLP,
represent the Chapter 11 Trustee.

As reported in the Troubled Company Reporter on January 2, 2009,
the Court confirmed a plan of liquidation for Sentinel on
December 15, 2008, and Mr. Grede is managing the liquidation.


SEQUA CORP: Bank Debt Trades at 7% Off in Secondary Market
----------------------------------------------------------
Participations in a syndicated loan under which Sequa Corporation
is a borrower traded in the secondary market at 93.00 cents-on-
the-dollar during the week ended Friday, March 19, 2010, according
to data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents an increase of 0.75 percentage
points from the previous week, The Journal relates.  The Company
pays 325 basis points above LIBOR to borrow under the facility.
The bank loan matures on Nov. 28, 2014, and carries Moody's B2
rating and Standard & Poor's B- rating.  The debt is one of the
biggest gainers and losers among 195 widely quoted syndicated
loans with five or more bids in secondary trading for the week
ended Friday.

The Troubled Company Reporter, on Oct. 12, 2009, related that
Moody's confirmed Sequa Corporation's Caa1 Corporate Family and
the Probability of Default Ratings.  Simultaneously, the company's
senior secured bank credit facility rating was confirmed at B2 and
the rating for the senior unsecured notes was confirmed at Caa2.
The rating outlook is negative.  This action completes the review
for possible downgrade that was initiated on March 16, 2009.

On July 1, 2009, the TCR reported Standard & Poor's lowered its
corporate credit rating on Sequa Corporation to 'B-' from 'B'.
S&P also lowered its issue-level rating on the company's senior
debt to 'B-' (the same as the corporate credit rating) from 'BB-'.
In addition, Standard & Poor's revised the recovery rating on this
debt to '3' from '1', indicating S&P's expectations of meaningful
(50%-70%) recovery in the event of a payment default.  At the same
time, S&P lowered its issue-level rating on Sequa's senior
unsecured debt to 'CCC' (two notches below the corporate credit
rating) from 'B-'.  S&P also revised the recovery rating on this
debt to '6' from '5', indicating S&P's expectations of negligible
(0%-10%) recovery the event of a payment default.  S&P also
revised the outlook to negative from stable.

Sequa Corporation, headquartered in New York, is a diversified
industrial company operating in three business segments: aerospace
through Chromalloy Gas Turbine, automotive through ARC Automotive
and Casco Products and metal coating through Precoat Metals.  LTM
revenue as of 6/30/09 was approximately $1.5 billion.


SILVER BOWL RV: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Silver Bowl RV Resort LLC
          dba Palm Creek Homes
        1151 S. Buffalo, Ste. 220
        Las Vegas, NV 89117

Bankruptcy Case No.: 10-14461

Chapter 11 Petition Date: March 19, 2010

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

Judge: Bruce A. Markell

Debtor's Counsel: Nancy L. Allf, Esq.
                  Law Office Of Nancy L. Allf
                  415 S. Sixth Street, Ste. 200f
                  Las Vegas, NV 89101
                  Tel: (702) 671-0070
                  Fax: (702) 671-0165
                  Email: Nancy.Allf@gmail.com

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

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

According to the schedules, the Company has assets of $2,156,650,
and total debts of $4,193,054.

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/nvb10-14461.pdf

The petition was signed by David Haddock, manager of the Company.

Debtor-affiliate that filed separate Chapter 11 petition:
                                                    Petition
  Debtor                               Case No.      Date
  ------                               --------      ----
Silver Bowl RV Resort LLC              08-22803    10/29/08


SINCLAIR BROADCAST: Dec. 31 Balance Sheet Upside-Down by $202MM
---------------------------------------------------------------
Sinclair Broadcast Group, Inc., has filed with the Securities and
Exchange Commission its annual report on Form 10-K for the year
ended December 31, 2009.

As of December 31, 2009, Sinclair had total assets of
$1,597,721,000 against total liabilities of $1,799,943,000.  As
of December 31, 2009, Total Sinclair Broadcast Group shareholders'
deficit was $211,950,000, and Noncontrolling interest was
$9,728,000, resulting in Total deficit of $202,222,000.

Sinclair posted a net loss for the second consecutive year,
reporting a net loss of $138,029,000 from a net loss of
$248,663,000 for 2008 and net income of $19,253,000 for 2007.

A full-text copy of Sinclair's annual report is available at no
charge at http://ResearchArchives.com/t/s?5b60

                     About Sinclair Broadcast

Based in Baltimore, Maryland, Sinclair Broadcast Group, Inc.
(Nasdaq: SBGI) -- http://www.sbgi.net/-- one of the largest and
most diversified television broadcasting companies, currently owns
and operates, programs or provides sales services to 58 television
stations in 35 markets.  The Company's television group reaches
roughly 22% of U.S. television households and includes FOX,
ABC, CBS, NBC, MNT, and CW affiliates.

                           *     *     *

Sinclair carries Moody's Investors Service's Caa2 Corporate Family
Rating and Caa3 Probability of Default Rating; and Standard &
Poor's Ratings Services' 'B-' corporate credit rating.


SONRISA PROPERTIES: Amends Schedules of Assets and Liabilities
--------------------------------------------------------------
Sonrisa Properties, Ltd., filed with the U.S. Bankruptcy Court for
the Southern District of Texas amended schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $21,000,000
  B. Personal Property               $98,818
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $8,201,229
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $219,310
                                 -----------      -----------
        TOTAL                    $21,098,818       $8,420,540

League City, Texas-based Sonrisa Properties, Ltd., filed for
Chapter 11 bankruptcy protection on January 4, 2010 (Bankr. S.D.
Texas Case No. 10-80012).  Karen R. Emmott, Esq., who has an
office in Houston, Texas, assists the Company in its restructuring
effort.  The Company listed $10,000,001 to $50,000,000 in assets
and $1,000,001 to $10,000,000 in liabilities.


SONRISA PROPERTIES: U.S. Trustee Unable to Form Creditors Panel
---------------------------------------------------------------
Charles F. McVay, the U.S. Trustee for Region 7, notified the U.S.
Bankruptcy Court for the Southern District of Texas that he was
unable to appoint an official committee of unsecured creditors in
the Chapter 11 case of Sonrisa Properties, Ltd.

League City, Texas-based Sonrisa Properties, Ltd., filed for
Chapter 11 bankruptcy protection on January 4, 2010 (Bankr. S.D.
Texas Case No. 10-80012).  Karen R. Emmott, Esq., who has an
office in Houston, Texas, assists the Company in its restructuring
effort.  The Company listed $10,000,001 to $50,000,000 in assets
and $1,000,001 to $10,000,000 in liabilities.


SOUTHWEST GUARANTY: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Southwest Guaranty, Ltd.
         Three Riverway, Suite 1285
         Houston, TX 77056

Bankruptcy Case No.: 10-32200

Chapter 11 Petition Date: March 17, 2010

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Letitia Z. Paul

Debtor's Counsel: Melissa Anne Haselden, Esq.
                  Hoover Slovacek LLP
                  5847 San Felipe, Suite 2200
                  Houston, TX 77057
                  Tel: (713) 977-8686
                  Fax: (713) 977-5395
                  Email: Haselden@hooverslovacek.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 Russell T. Gaines.


SPANSION INC: Samsung Dealt Blow ITC Flash Patent Fight
-------------------------------------------------------
Bankruptcy Law360 reports that a U.S. International Trade
Commission administrative law judge has rejected Samsung
Electronics Co. Ltd.'s bid for a determination that its products
do not infringe a semiconductor patent asserted by Spansion Inc.
in a case over flash memory chips.

Meanwhile, Apple Inc. is appealing a court's finding that an
intellectual property letter of agreement the company had with
Spansion Inc. can be rejected and is not subject to certain
provisions of the Bankruptcy Code, Bankruptcy Law360 reports.

Spansion Inc. (Pink Sheets: SPSNQ) -- http://www.spansion.com/--
is a Flash memory solutions provider.  Spansion is a former joint
venture of AMD and Fujitsu.

Spansion Inc., Spansion LLC, Spansion Technology LLC, Spansion
International, Inc., and Cerium Laboratories LLC filed voluntary
petitions for Chapter 11 on March 1, 2009 (Bankr. D. Del. Lead
Case No. 09-10690).  On February 9, 2009, Spansion's Japanese
subsidiary, Spansion Japan Ltd., voluntarily entered into a
proceeding under the Corporate Reorganization Law (Kaisha Kosei
Ho) of Japan to obtain protection from its creditors as part of
the company's restructuring efforts. None of Spansion's
subsidiaries in countries other than the United States and Japan
are included in the U.S. or Japan filings.

Michael S. Lurey, Esq., Gregory O. Lunt, Esq., and Kimberly A.
Posin, Esq., at Latham & Watkins LLP, have been tapped as
bankruptcy counsel.  Michael R. Lastowski, Esq., at Duane Morris
LLP, is the Delaware counsel.  Epiq Bankruptcy Solutions LLC, is
the claims agent.  The United States Trustee has appointed an
official committee of unsecured creditors in the case.  As of
September 30, 2008, Spansion disclosed total assets of
US$3,840,000,000, and total debts of US$2,398,000,000.

Spansion Japan Ltd. filed a Chapter 15 petition on April 30, 2009
(Bankr. D. Del. Case No. 09-11480).  The Chapter 15 Petitioner's
counsel is Gregory Alan Taylor, Esq., at Ashby & Geddes.  It said
that Spansion Japan had US$10 million to US$50 million in assets
and US$50 million to US$100 million in debts.

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


SPIRIT FINANCE: Bank Debt Trades at 23% Off in Secondary Market
---------------------------------------------------------------
Participations in a syndicated loan under which Spirit Finance
Corp. is a borrower traded in the secondary market at 76.50 cents-
on-the-dollar during the week ended Friday, March 19, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents an increase of 0.88
percentage points from the previous week, The Journal relates.
The Company pays 300 basis points above LIBOR to borrow under the
facility.  The bank loan matures on May 23, 2013, and carries
Moody's Ca rating and Standard & Poor's CC rating.  The debt is
one of the biggest gainers and losers among 195 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

The Troubled Company Reporter stated on March 5, 2010, that
Standard & Poor's lowered its corporate credit rating on Spirit
Finance Corp. to 'CC' from 'CCC'.  At the same time, S&P lowered
its rating on the company's $850 million secured term loan to 'CC'
from 'CCC-'.  S&P's recovery rating on the term loan remains
unchanged at '5'.  The outlook remains negative.  "The downgrades
reflect the company's bid to repurchase a portion of its term loan
at a discount," said credit analyst Elizabeth Campbell.  "If the
company is successful, S&P will view this action as tantamount to
default."

Spirit Finance Corp., headquartered in Phoenix, Arizona, is a REIT
that acquires single-tenant, operationally essential real estate
throughout United States to be leased on a long-term, triple-net
basis to retail, distribution and service-oriented companies.


STAAR SURGICAL: 10-K Filing Delayed due to Domilens Divestiture
---------------------------------------------------------------
In a regulatory filing Thursday, STAAR Surgical Company said that
because of the need to prepare full financial reporting of the
divestiture of all of its interest in Domilens GmbH, its German
distribution subsidiary, on March 2, 2010, the filing of its
annual report for the fiscal year ended January 1, 2010, will be
delayed.

The Company believes that the report of its independent auditors
for the fiscal year ended January 1, 2010, will include an
explanatory paragraph indicating substantial doubt about its
ability to continue as a going concern, citing the Company's
limited capital resources, significant financial obligations that
mature in 2010, the need to satisfy or post a bond to appeal the
$6.5 million judgment entered against the Company on December 8,
2009, and its history of losses.

The Company expects to post a net loss of $14.5 million on
$75.3 million of revenue for the year ended January 1, 2010.  The
Company reported a net loss of $23.2 million on $74.9 million of
revenue for the year ended January 2, 2009.

                       About STAAR Surgical

Monrovia, Calif.-based STAAR Surgical Company (NASDAQ: STAA) --
http://www.staar.com/-- develops, manufactures and markets
minimally invasive ophthalmic products employing proprietary
technologies.  STAAR's products are used by ophthalmic surgeons
and include the Visian ICL, a tiny, flexible lens implanted to
correct refractive errors, as well as innovative products designed
to improve patient outcomes for cataracts and glaucoma.
Manufactured in Switzerland by STAAR, the ICL is approved by the
FDA for use in treating myopia, has received CE Marking and is
sold in more than 40 countries.

At October 2, 2009, the Company's consolidated balance sheets
showed total assets of $59.2 million, total liabilities of
$30.0 million, $6.8 million in Series A redeemable convertible
preferred stock, and total stockholders' equity of $22.5 million.


STATE BANK OF AURORA: Closed; Northern State Bank Assumes Deposits
------------------------------------------------------------------
State Bank of Aurora, Aurora, Minnesota, was closed March 19 by
the Minnesota Department of Commerce, which appointed the Federal
Deposit Insurance Corporation as receiver.  To protect the
depositors, the FDIC entered into a purchase and assumption
agreement with Northern State Bank, Ashland, Wisconsin, to assume
all of the deposits of State Bank of Aurora.

The sole branch of State Bank of Aurora is set to reopen on
March 22 as a branch of Northern State Bank.  Depositors of State
Bank of Aurora will automatically become depositors of Northern
State Bank.  Deposits will continue to be insured by the FDIC, so
there is no need for customers to change their banking
relationship to retain their deposit insurance coverage.
Customers should continue to use their former State Bank of Aurora
branch until they receive notice from Northern State Bank that it
has completed systems changes to allow other Northern State Bank
branches to process their accounts as well.

As of December 31, 2009, State Bank of Aurora had around $28.2
million in total assets and $27.8 million in total deposits.
Northern State Bank will pay the FDIC a premium of 0.5 percent to
assume all of the deposits of State Bank of Aurora. In addition to
assuming all of the deposits, Northern State Bank agreed to
purchase essentially all of the failed bank's assets.

The FDIC and Northern State Bank entered into a loss-share
transaction on $21.3 million of State Bank of Aurora's assets.
Northern State Bank will share in the losses on the asset pools
covered under the loss-share agreement.  The loss-share
transaction is projected to maximize returns on the assets covered
by keeping them in the private sector.  The transaction also is
expected to minimize disruptions for loan customers.  For more
information on loss share, visit:

  http://www.fdic.gov/bank/individual/failed/lossshare/index.html

Customers who have questions about the transaction can call the
FDIC toll-free at 1-800-830-4705.  Interested parties also can
visit the FDIC's Web site at:

   http://www.fdic.gov/bank/individual/failed/state-aurora.html

The FDIC estimates that the cost to the Deposit Insurance Fund
will be $4.2 million.  Northern State Bank's acquisition of all
the deposits was the "least costly" resolution for the FDIC's DIF
compared to all alternatives.  State Bank of Aurora is the 37th
FDIC-insured institution to fail in the nation this year, and the
fourth in Minnesota.  The last FDIC-insured institution closed in
the state was 1st American State Bank of Minnesota, Hancock, on
February 5, 2010.


STEPHEN RIGGS: Can Hire Jennis & Bowen as Bankruptcy Counsel
------------------------------------------------------------
Stephen C. Riggs, III, sought and obtained authorization from the
Hon. William S. Shulman of the U.S. Bankruptcy Court for the
Northern District of Florida to employ Jennis & Bowen, P.L., as
bankruptcy counsel, nunc pro tunc to the Petition Date.

J&B will, among other things:

     (a) take necessary action to protect and preserve the estate
         of the Debtor, including the prosecution of actions on
         his behalf, the defense of any actions commenced against
         him, negotiations concerning all litigation in which he
         may be involved, and objections, when appropriate, in
         objecting to claims filed against the estate;

     (b) prepare, on behalf of the Debtor, any applications,
         answers, orders, reports, and/or papers in connection
         with the administration of the estate;

     (c) prepare and file schedules of assets and liabilities; and

     (d) prepare and file a Chapter 11 plan of reorganization and
         corresponding disclosure statement

J&B will be paid based on the hourly rates of its personnel:

         Senior Partners                    $375
         Legal Assistants                   $110

J&B assures the Court that the firm is "disinterested" as that
term is defined in Section 101(14) of the Bankruptcy Code.

Destin, Florida-based Stephen C. Riggs, III, filed for Chapter 11
bankruptcy protection on February 16, 2010 (Bankr. N.D. Fla. Case
No. 10-30236).  David S. Jennis, Esq., at Jennis Bowen & Brundage,
P.L., assists the Debtor in his restructuring effort.  The Debtor
listed $1,000,001 to $10,000,000 in assets and $10,000,001 to
$50,000,000 in liabilities.


STERLING FINANCIAL: BDO Seidman Raises Going Concern Doubt
---------------------------------------------------------
On March 16, 2010, Sterling Financial Corporaion filed its annual
report on Form 10-K for the year ended December 31, 2009.

BDO Seidman, LLP, in Spokane, Wash., expressed substantial doubt
about the Company's ability to continue as a going concern.  The
independent auditors noted that the Company has suffered
significant net losses during 2009 and 2008, a decline in
regulatory capital to support operations, and regulatory issues.

The Company reported a net loss of $838.1 million for the year
ended December 31, 2009, compared with a net loss of
$335.5 million for 2008.  Net interest income was $344.0 million
in 2009, as compared to $359.6 million in 2008.

The Company's balance sheet as of Dec. 31, 2009, showed
$10.877 billion in assets, $10.554 billion of debts, and
$323.2 million of stockholders' equity.  As of December 31, 2009,
the Company had net loans receivable of $7.344 billion and
deposits of $7.775 billion.

A full-text copy of the annual report is available for free at:

               http://researcharchives.com/t/s?5ada

Spokane, Wash.-based Sterling Financial Corporation (NASDAQ: STSA)
-- http://www.sterlingfinancialcorporation-spokane.com/-- is a
bank holding company, organized under the laws of Washington State
in 1992.  The principal operating subsidiaries of Sterling are
Sterling Savings Bank and Golf Savings Bank.  Sterling Savings
Bank, headquartered in Spokane, Wash., offers commercial banking
products and services, mortgage lending, construction financing
and investment products to individuals, small business, commercial
organization and corporations.  The main focus of Golf Savings
Bank, a Washington State-chartered savings bank, is the
origination and sale of residential mortgage loans.

At December 31, 2009, Sterling operated 178 deposit-taking
branches throughout the Western region of the United States,
including the states of Washington, Oregon, Idaho, Montana and
California.


STERLING FINANCIAL: Fitch Downgrades Issuer Default Rating to 'C'
-----------------------------------------------------------------
Fitch Ratings has downgraded Sterling Financial Corporation's
long-term Issuer Default Rating to 'C' from 'CCC' and Sterling
Savings Bank's long-term and short-term IDRs to 'C' and 'C',
respectively.

The downgrade reflects Fitch's view that STSA's ability to raise
capital will be difficult under many of the conditions set forth
by the U.S. Treasury under its conditional approval for the
conversion of preferred stock, issued under its Capital Purchase
Program in late 2008, to common equity.  In order to successfully
consummate the conversion of the preferred stock issued under CPP,
the company must obtain consent for the repurchase of its trust
preferred securities from a substantial portion of holders (at a
substantial discount to par).  Additionally, STSA must raise an
additional $650 million of common equity.  If the transactions
were successfully consummated, Fitch anticipates that STSA's long-
term IDR would be downgraded to restricted default, to reflect
that the transactions are viewed as a coercive exchange by the
holders of the trust preferred securities in accordance with
Fitch's criteria for coercive debt exchanges.  The company noted
it has entered into a non-binding letter of intent to provide
additional capital from a private equity firm.

Separately, in October 2009, Sterling Savings Bank entered into an
order to cease and desist with the Federal Deposit Insurance
Corporation.  In this agreement, the company was required to raise
an additional $300 million of Tier 1 capital and achieve and
maintain a Tier 1 leverage ratio not less than 10% by Dec. 15,
2009.  The additional capital needed to achieve this requirement
has yet to come to fruition.  Fitch estimates that at Dec. 31,
2009, the company would need over $600 million of Tier 1 capital
to meet the FDIC's minimum leverage capital ratio outlined in the
October 2009 cease and desist.  This estimate does not consider
any further losses that may occur in 2010.

STSA has been under tremendous pressure from a severe escalation
of nonperforming loans, largely emanating from its construction
loan book.  At Dec. 31, 2009, the ratio of nonperforming assets to
loans and other real estate owned climbed to 12.7% from 6.7% at
Dec. 31, 2008.  Net charge-offs totaled $555.7 million in 2009, a
151% increase over 2008.  This has placed extreme pressure on
capital.  At year-end 2009, the ratio of tangible common equity to
tangible assets was 0.27%.  At Sterling Savings Bank, leverage,
tier 1 and total capital ratios at YE09 were 4.2%, 5.9% and 7.3%,
each falling significantly in 2009.  Sterling Savings Bank is no
longer considered 'well capitalized' under regulatory standards.

STSA is a $10.8 billion financial institution headquartered in
Spokane, Washington with a footprint primarily in the Pacific
Northwest of the U.S.

Fitch has downgraded these ratings:

Sterling Financial Corporation

  -- Long-term IDR to 'C' from 'CCC'.

Fitch has downgraded and removed these ratings from Rating Watch
Negative:

Sterling Savings Bank

  -- Long-term IDR to 'C' from 'B';
  -- Short-term IDR to 'C' from 'B';
  -- Long-term Deposits to 'CC/RR3' from 'B+/RR3';
  -- Short-term Deposits to 'C' from 'B';
  -- Individual Rating to 'E' from 'D/E'.

Fitch has affirmed these ratings:

Sterling Financial Corporation:

  -- Short-term IDR at 'C';
  -- Individual at 'E';
  -- Support at '5';
  -- Support Floor at 'NF';
  -- Preferred Stock at 'C/RR6'.

Sterling Savings Bank

  -- Support at '5';
  -- Support Floor at 'NF'.


STEVE AND BARRY'S: Stone Barn Inches Toward Liquidation
-------------------------------------------------------
A bankruptcy court judge on Thursday approved Stone Barn Manhattan
LLC's disclosure statement, bringing the discount clothing
retailer formerly known as Steve & Barry's LLC one step closer to
a final liquidation in its Chapter 11 bankruptcy, according to
Bankruptcy Law360.

Headquartered in Port Washington, New York, Steve and Barry's LLC
-- http://www.steveandbarrys.com/-- is a national casual apparel
retailer that offers high quality merchandise at low prices for
men, women and children.  Founded in 1985, the company operates
276 anchor and junior anchor shopping center and mall-based
locations throughout the U.S.  The discount clothing chain's
brands include the BITTEN(TM) collection, the first-ever apparel
line created by actress and global fashion icon Sarah Jessica
Parker, and the STARBURY(TM) collection of athletic and lifestyle
apparel and sneakers created with NBA (R) star Stephon Marbury.

Steve & Barry's LLC, and 63 affiliates filed separate voluntary
petitions under Chapter 11 on July 9, 2008 (Bankr. S.D. N.Y. Lead
Case No. 08-12579).  Lori R. Fife, Esq., and Shai Waisman, Esq.,
at Weil, Gotshal & Manges, LLP, represent the Debtors in their
restructuring efforts.

Diana G. Adams, United States Trustee for Region 2, has appointed
seven members to the Official Committee of Unsecured Creditors in
the Debtors' Chapter 11 cases.

On Aug. 22, 2008, the Debtors obtained permission from the Court
to sell substantially all of their assets for $168 million to a
joint venture by Bay Harbour Management and York Capital, BHY S&B
Holdings, LLC.  Under the terms of the purchase agreement,
majority of the Debtors' 276 stores will remain open.

Pursuant to the Purchase Agreement, the Court authorized 51
Debtors to change their corporate names.  Lead Debtor Steve &
Barry's Manhattan LLC (Case No. 08-12579) has been changed to
Stone Barn Manhattan LLC.  Parent company Steve & Barry's LLC
(Case No. 08-12615) is now known as Steel Bolt LLC.

When the Debtors filed for bankruptcy, they listed $693,492,000 in
total assets and $638,086,000 in total debts.

(Steve and Barry's Bankruptcy News; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


STEVEN CARTER ROSS: Case Summary & 19 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Steven Carter Ross
        835 East 79th Street
        Indianapolis, IN 46240

Bankruptcy Case No.: 10-03694

Chapter 11 Petition Date: March 19, 2010

Court: United States Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: Basil H. Lorch III

Debtor's Counsel: Gary Lynn Hostetler, Esq.
                  Hostetler & Kowalik, P.C.
                  101 W Ohio St Ste 2100
                  Indianapolis, IN 46204
                  Tel: (317) 262-1001
                  Fax: (317) 262-1010
                  Email: glh@hostetler-kowalik.com

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

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

According to the schedules, the Company has assets of $1,060,752,
and total debts of $3,606,451.

A full-text copy of Mr. Ross' petition, including a list of his 19
largest unsecured creditors, is available for free at:

             http://bankrupt.com/misc/insb10-03694.pdf

The petition was signed by Mr. Ross.


STOCKHAM INTEREST: Files for Chapter 11 Bankruptcy in New Jersey
----------------------------------------------------------------
Danny Adler at phillyBurbs.com reports that Stockham Interest LLC
filed for Chapter 11 protection in the U.S. Bankruptcy Court for
the District of New Jersey.  The report says the company's
Stockham Building in downtown Morrisville is up for Sheriff sale
on May 14, 2010.


SUPERCONDUCTOR TECH: Significant Losses Prompt Going Concern Doubt
------------------------------------------------------------------
On March 17, 2010, Superconductor Technologies, Inc., filed its
annual report on Form 10-K for the year ended December 31, 2009.

Stonefield Josephson, Inc., in Los Angeles, expressed substantial
doubt about the Company's ability to continue as a going concern.
The independent auditors noted that the Company has incurred
significant net losses since its inception and has an accumulated
deficit of roughly $225.7 million and expects to incur substantial
additional losses and costs.

The Company reported a net loss of $13.0 million on $10.8 million
of revenue for the year ended December 31, 2009, compared with a
net loss of $12.7 million on $11.3 million of revenue for 2008.

The Company's balance sheet as of Dec. 31, 2009, showed
$18.1 million in assets, $1.9 million of debts, and $16.2 million
of stockholders' equity.

A full-text copy of the annual report is available for free at:

                   http://researcharchives.com/t/s?5b53

Santa Barbara, Calif.-based Superconductor Technologies Inc.
(Nasdaq: SCON) -- http://www.suptech.com/-- provides advanced
radio frequency ("RF") wireless solutions, innovative adaptive
filtering, power-efficient high temperature superconductor ("HTS")
materials and cryogenics for both commercial and government
applications.


SUPERIOR NATIONAL: 9th Circ. Rejects En Banc Bid in $450M Case
--------------------------------------------------------------
A federal appeals court has let stand its affirmation of a
$450 million arbitration award in favor of insolvent Superior
National Insurance Co. in a dispute over reinsurance coverage for
workers' compensation policies, denying a request by U.S. Life
Insurance Co. for an en banc hearing, according to Bankruptcy
Law360.

The Superior National Insurance Group, Inc., consists of five
companies.  Four of the companies -- California Compensation
Insurance Co., Combined Benefits Insurance Co., Superior National
Insurance Co., and Superior Pacific Casualty Co.   Son March 3,
2000, California Department of Insurance seized the assets and
operations of Superior's insurance subsidiaries.  The California
Department of Insurance appeared before the Los Angeles and
Sacramento superior courts on March 6, 2000, seeking conservation
orders for Superior National Insurance Group to allow the
commissioner to use department staff to conduct the business of
the conserved company as he sees appropriate.  The California
Courts entered conservation orders on March 7, 2000.  Superior
National Insurance Group, Inc., and non-insurer affiliates
Business Insurance Group, Inc., SN Insurance Services, Inc., and
SN Insurance Administrators, Inc., filed chapter 11 petitions on
April 26, 2000.  Prior to its bankruptcy and the conservation of
its insurance company units, Superior National Insurance Group had
been the ninth largest workers' compensation insurance group in
the nation and the largest private sector underwriter of workers'
compensation insurance in California.


SUPERVALU INC: Bank Debt Trades at 1% Off in Secondary Market
-------------------------------------------------------------
Participations in a syndicated loan under which SUPERVALU, Inc.,
is a borrower traded in the secondary market at 98.72 cents-on-
the-dollar during the week ended Friday, March 19, 2010, according
to data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  This represents an increase of 1.26 percentage
points from the previous week, The Journal relates.  The Company
pays 125 basis points above LIBOR to borrow under the facility,
which matures on June 2, 2012.   The bank debt is not rated by
Moody's while it carries Standard & Poor's BB+ rating.  The debt
is one of the biggest gainers and losers among 195 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

SUPERVALU, Inc. (NYSE:SVU), -- http://www.supervalu.com/-- is a
grocery channel that conducts its retail operations under the
banners, such as Acme Markets, Albertsons, Bristol Farms, bigg's,
Cub Foods, Farm Fresh, Hornbacher's, Jewel-Osco, Lucky, Save-A-
Lot, Shaw's Supermarkets, Shop 'n Save, Shoppers Food & Pharmacy
and Star Markets.  Additionally, the Company provides supply chain
services, primarily wholesale distribution, across the United
States retail grocery channel.  The Company operates in two
segments: Retail food and Supply chain services.  During the
fiscal year ended February 28, 2009 (fiscal 2009), the Company
added 44 new stores through new store development and closed 97
stores.  The Company leverages its distribution operations by
providing wholesale distribution and logistics and service
solutions to its independent retail customers through its Supply
chain services segment.

As reported by the Troubled Company Reporter on July 27, 2009,
Standard & Poor's Ratings Services said that it revised its
outlook on Minneapolis-based supermarket and distributor
SUPERVALU, Inc., to negative from stable, and affirmed the 'BB-'
corporate credit rating on the company.  "This action reflects
S&P's expectation that SUPERVALU's credit metrics will deteriorate
further from weaker operating performance, despite plans to pay
down outstanding debt by $700 million," said Standard & Poor's
credit analyst Stella Kapur.


TAMARACK RESORT: To Be Liquidated in Chapter 7
----------------------------------------------
Bill Rochelle at Bloomberg News reports that a bankruptcy judge in
Boise, Idaho, wrote a March 17 opinion granting a request by three
creditors to put Tamarack Resort LLC to involuntary Chapter 7
bankruptcy.  Tamarack conceded that it wasn't paying debts as they
mature, the principal requirement for being tossed into bankruptcy
involuntarily.  Instead, Tamarack argued that there weren't the
three required petitioning creditors with undisputed claims.  The
bankruptcy judge, however, found three creditors with undisputed
claims and granted the petition to put Tamarack into involuntary
bankruptcy.  A trustee will be appointed automatically to
liquidate the assets.

                       About Tamarack Resort

Tamarack Resort LLC, a golf and ski resort in Valley County,
Idaho, was sent to Chapter 7 after creditors submitted an
involuntary petition (Bankr. D. Idaho Case No. 09-03911).  The
petitioning creditors include an affiliate of Bank of America
Corp. owed $4.7 million.

The project's 27.5% owner, VPG Investments Inc., filed for Chapter
11 reorganization in 2008, only to have the petition dismissed in
October 2008 at the request of the secured creditor, Credit
Suisse, Caymans Islands Branch.  VPG was controlled by Mexican
businessman Alfredo Miguel Afif.  Credit Suisse, the agent for the
secured lenders, characterized VPG's Chapter 11 case as "a classic
example of a bad faith filing" made "solely as a litigation
tactic" to stop foreclosure.


TELANETIX INC: Posts $8.1MM Loss in 2009; Going Concern Removed
---------------------------------------------------------------
Telanetix, Inc. filed its annual report on Form 10-K, showing a
net loss of $8.1 million on $28.3 million of revenue for the year
ended December 31, 2009, compared with a net loss of $9.7 million
on $26.1 million of revenue for 2008.

The Company's balance sheet as of Dec. 31, 2009, showed
$28.1 million in assets and $32.1 million of debts, for a
stockholders' deficit of $3.9 million.

On March 27, 2009, Mayer Hoffman McCann, in San Diego, Calif.,
expressed substantial doubt about the Company's ability to
continue as a going concern.  The independent auditors noted that
of the Company's recurring losses and working Capital deficit of
roughly $8.0 million at December 31, 2008.

Grant Thornton LLP, in Seattle, Wash., who audited the Company's
consolidated financial statements for the year ended December 31,
2009, did not include a "going concern" explanatory paragraph in
its report.

A full-text copy of the annual report is available for free at:

               http://researcharchives.com/t/s?5b28

Bellevue, Wash.-based Telanetix, Inc. (OTC BB: TNXI) --
http://www.telanetix.com/-- is communications solutions provider
offering next generation voice services to the business market.
The Company's voice offerings are marketed under the "AccessLine"
brand.

                          *     *     *

This concludes the Troubled Company Reporter's coverage of
Telanetix, Inc. until facts and circumstances, if any, emerge that
demonstrate financial or operational strain or difficulty at a
level sufficient to warrant renewed coverage.


THINKFILM LLC: Involuntary Chapter 11 Case Summary
--------------------------------------------------
Alleged Debtor: Thinkfilm LLC
                10960 Wilshire Bl., Ste 700
                Los Angeles, CA 90024

Case Number: 10-19912

Involuntary Chapter 11 Petition Date: March 17, 2010

Court: Central District of California (Los Angeles)

Judge: Barry Russell

Petitioner's Counsel: David L. Neale, Esq.
                      Levene Neale Bender Rankin & Brill LLP
                      10250 Constellation Blvd, Ste 1700
                      Los Angeles, CA 90067
                      Tel: (310) 229-1234
                      Fax: (310) 229-1244
                      Email: dln@lnbrb.com

Debtor-affiliates that were also sent to Chapter 11 by creditors:

                                                    Petition
  Debtor                               Case No.      Date
  ------                               --------      ----
R2D2, LLC                              10-19924     3/17/10
CT-1 Holdings LLC                      10-19927     3/17/10
CapCo Group, LLC                       10-19929     3/17/10
Capitol Films Development LLC          10-19938     3/17/10

A. Thinkfilm LLC and debtor-affiliates' petitioners:

  Petitioners               Nature of Claim      Claim Amount
  -----------               ---------------      ------------
Dox Productions Limited     Judgement (inclusive $522,510
c/o Jeff Sanders Esq.       of interest and
Roberts Ritholz et al LLP   attorney's fees
235 Park Ave South 3d Fl    through February 28,
New York, NY 10003          2010 only)

Screen Capital              Agent                $594,000
International Corp
345 N Maple Dr, Ste 294
Beverly Hills, CA 90210

Solar Filmworks LLC         Profit Participation $92,948
c/o Hartford O Brown Esq.   (Solar Filmworks, LLC
Klinedinst PC               has other claims and
777 S Figueroa St 4th Flr   rights which are
Los Angeles, CA 90017       currently being
                            Pursued in litigation)

Allied Advertising Limited  Judgement (inclusive $4,530,683
Partnership                 of interest through
545 Boylston Street,        March 1, 2010 only)
11th Floor
Boston, MA 02116

10th & Wolf, LLC            Judgement            $1,033,055
10061 Riverside Dr.         (interest through
Suite 101                   October 27, 2009 only)
Toluca Lake, CA 91602
                                                 ---------
          Total Amount of Petitioner's Claims:   $6,773,197


B. R2D2, LLC and debtor-affiliates' petitioners:

  Petitioners               Nature of Claim      Claim Amount
  -----------               ---------------      ------------
Aramid Entertainment        Guaranty Claim       $615,690
Fund Limited
PO Box 309, GT Ugland House
South Church St.
Georgetown, Grand Cayman
Cayman Islands

Screen Capital              Agent                $594,000
International Corp
345 N Maple Dr, Ste 294
Beverly Hills, CA 90210

Allied Irish Banks, plc     Agent of Allied      $1,200,000
St. Helens                  Banks PLC
1, Undershaft
London EC2A 8AB
                                                 ---------
          Total Amount of Petitioner's Claims:   $2,409,690


C. CT-1 Holdings LLC and debtor-affiliates' petitioners:

  Petitioners               Nature of Claim      Claim Amount
  -----------               ---------------      ------------
Screen Capital              Agent                $594,000
International Corp
345 N Maple Dr, Ste 294
Beverly Hills, CA 90210

Jeffery A Gaul              Unpaid fees under    $46,216
Business & Financial        Contractor's Agreement
5930 Sitting Bull Pl
Simi Valley, CA 93063
                                                 ---------
          Total Amount of Petitioner's Claims:   $640,216


D. CapCo Group, LLC and debtor-affiliates' petitioners:

  Petitioners               Nature of Claim      Claim Amount
  -----------               ---------------      ------------
Screen Capital              Agent                $594,000
International Corp
345 N Maple Dr, Ste 294
Beverly Hills, CA 90210

Teri Zimon                  Unpaid wages         $22,308
12707 Westminster Avenue
Los Angeles, CA 90066

David Tuckerman             Unpaid salary and    $100,000
9390 Lloydcrest Drive       bonus
Beverly Hills, CA 90210

Jonathan K Beal             Unpaid wages         $38,109
669 Devonshire Ct.
Westlake Village, CA 91361
                                                 ---------
          Total Amount of Petitioner's Claims:   $754,417


E. Capitol Films Development LLC and debtor-affiliates'
petitioners:

  Petitioners               Nature of Claim      Claim Amount
  -----------               ---------------      ------------
Steven Elliot Altman        Judgment            $75,000
c/o Edward M. Altman        (exclusive of
The Cochran Firm            interests, costs,
4929 Wilshire Blvd          fees and additional
Suite 1010                  rights)
Los Angeles, CA 90010

Screen Capital              Agent                $594,000
International Corp
345 N Maple Dr, Ste 294
Beverly Hills, CA 90210

Studio Transportation       Wages                $41,512
Drivers Local
c/o Robert A. Cantore
3699 Wilshire Blvd Suite 1200
Los Angeles, CA 90010

Writers Guild of            Judgment Confirming  $172,944
America West Inc.           Arbitration Award
Maureen Oxley, Esq.         (Claim is Exclusive
7000 W Third St             of Interest Accruing
Los Angeles, CA 90048       After October 1, 2009)
                                                 ---------
          Total Amount of Petitioner's Claims:   $883,456


TPC GROUP: Moody's Affirms Corporate Family Rating at 'B1'
----------------------------------------------------------
Moody's Investors Service affirmed TPC Group LLC's B1 Corporate
Family Rating, affirmed the B1 rating on its existing term loan
and assigned a B1 rating to the proposed amended and extended term
loan due 2016.  The rating on the proposed term loan is subject to
receipt of final documentation and the acceptance of the extension
by the term loan lenders.  The outlook remains stable.

TPC is amending its credit agreement restricted payments covenants
to allow it flexibility concerning the use of the $40 million
received in February 2010 from a U.S. federal tax refund and
covenants covering use of excess cash flow for investments and
ability to incur senior secured debt and senior unsecured debt.
At the same time, it is seeking to extend the term loan maturity
to January 2016 (two and one-half years) and is establishing a
new, four-year $150 million asset based revolving credit facility
to replace its existing $140 million revolver due 2011.  The
extension of the term loan maturity is subject to lenders
approval, which is distinct from the approval of the change in
covenants.  The term loan could end up as two tranches -- one with
the original June 2013 maturity and one with an extended January
2016 maturity; both will be rated B1.

We view the transactions as a modest credit positive.  The company
will benefit from longer debt maturities that give it more time to
generate sufficient cash to repay its debt and greater revolver
availability due to the $10 million increase in commitments and
the lack of a block on the last portion of availability under the
new revolver.  The tax refund received resulted from provisions of
the Worker, Homeownership and Business Assistance Act of 2009
signed into law November 6, 2009, that allowed TPC to carry-back
2009 net operating losses and recover federal income taxes paid
for fiscal years 2004, 2005 and 2006.  The benefit from the
application of net operating losses against prior year income will
result in higher cash tax payments and lower cash flow for the
future years that the net operating loss carry-forwards might have
been used, but this impact will be spread over several years.  The
transactions will result in interest expense increasing as rates
on the agreements reflect current, higher interest rate margins.

The ratings are summarized below.

TPC Group LLC

Rating assigned:

* Gtd Sr Sec Term Loan due 2016 - B1 (LGD4, 53%)

Ratings affirmed:

* Corporate Family Rating -- B1

* Probability of Default Rating -- B1

* Gtd Sr Sec Term Loan due 2013 - B1 (LGD4, 53%) from B1 (LGD4,
  54%)

* Outlook: Stable

TPC's B1 CFR reflects is narrow commodity based product line,
large market shares within its niche product lines where it is
either the largest or second largest supplier, concentrated
operational and geographical profile and modest EBITDA margins.
Over 70% of its sales volumes are contractually insulated from
fluctuations in feedstock, sales price and energy price
fluctuations to protect margins.  The stable outlook reflects
Moody's expectations for moderate improvement in revenues and
profitability for fiscal 2010 that will be supportive of its
liquidity.  The rating could be upgraded, should the company
generate free cash flow to debt of 7%, its debt to EBITDA fell
below 4x on a sustained basis and industry conditions be
supportive of an upgrade.

Moody's most recent announcement concerning the ratings for TPC
was on November 16, 2009.  At that time, Moody's moved its outlook
to stable from negative and affirmed its ratings due to
improvements in the company's liquidity, operating results and
market demand for its products.

TPC Group LLC (formerly named Texas Petrochemicals LLC) is a
processor of crude C4 hydrocarbons (primarily butadiene, butene-1,
isobutylene), differentiated isobutylene derivatives and nonene
and tetramer.  For its product lines, TPC is either the largest or
second largest independent North American producer.  The company
operates three Texas-based manufacturing facilities in Houston,
Baytown and Port Neches.  Revenues were $1.2 billion for the
twelve months ended December 31, 2009.


TRIAD GUARANTY: Ernst & Young Raises Going Concern Doubt
--------------------------------------------------------
On March 19, 2010, Triad Guaranty Inc. filed its annual report on
Form 10-K for the year ended December 31, 2009.

Ernst & Young LLP, in Atlanta, Ga., expressed substantial doubt
about the Company's ability to continue as a going concern.  The
independent auditors noted that the Company is operating the
business in run-off under Corrective Orders with the Illinois
Department of Insurance and has reported a net loss for the year
ended December 31, 2009, and has a stockholders' deficiency in
assets at December 31, 2009.

The Company reported a net loss of $595.6 million on
$237.8 million of revenue for the year ended December 31, 2009,
compared with a net loss of 631.1 million on $270.5 million of
revenue for 2008.

The Company's balance sheet as of Dec. 31, 2009, showed
$1.125 billion in assets and $1.831 billion of debts, for a
stockholders' deficit of $706.4 million.

A full-text copy of the annual report is available for free at:

               http://researcharchives.com/t/s?5b57

Winston-Salem, N.C.-based Triad Guaranty Inc. is a holding company
which, through its wholly-owned subsidiary, Triad Guaranty
Insurance Corporation ("TGIC"), historically has provided mortgage
insurance coverage in the United States.  TGIC is an Illinois-
domiciled insurance company.


TRIBUNE CO: Trustee Blasts Tribune's Bonus Scheme
-------------------------------------------------
BankruptcyData.com reports that the U.S. Trustee assigned to the
Tribune Co. case filed an objection to the Debtors' motion to
dismiss voluntarily and without prejudice their pending motion for
an order authorizing the Debtors to implement transition MIP and
Key Operators Bonus Components of the 2009 Management Incentive
Plan.

According to Court documents, "The U.S. Trustee participated in
the September 24, 2009 hearing regarding the Bonus Motion and
objected to the relief requested, specifically noting in closing
argument that the two elements of the Bonus Motion that are the
subject of the instant Motion - the "transition management
incentive plan" and the "key operators bonus" - were excessive and
should not be accepted."

                         About Tribune Co.

Headquartered in Chicago, Illinois, Tribune Co. --
http://www.tribune.com/-- is a media company, operating
businesses in publishing, interactive and broadcasting, including
ten daily newspapers and commuter tabloids, 23 television
stations, WGN America, WGN-AM and the Chicago Cubs baseball team.

The Company and 110 of its affiliates filed for Chapter 11
protection on Dec. 8, 2008 (Bankr. D. Del. Lead Case No. 08-
13141).  The Debtors proposed Sidley Austion LLP as their counsel;
Cole, Schotz, Meisel, Forman & Leonard, PA, as Delaware counsel;
Lazard Ltd. and Alvarez & Marsal North Americal LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims agent.  As
of Dec. 8, 2008, the Debtors have $7,604,195,000 in total assets
and $12,972,541,148 in total debts.

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


TRICO MARINE: PwC Raises Going Concern Doubt
--------------------------------------------
On March 16, 2010, Trico Marine Services, inc. filed its annual
report on Form 10-K for the year ended December 31, 2009.

PricewaterhouseCoopers LLP, in Houston, expressed substantial
doubt about the Company's ability to continue as a going concern.
The independent auditors noted that of risk the Company may not
successfully obtain amendments or waivers to financial covenants,
or the risk the Company may not have adequate liquidity to fund
its operations or service its debt.

The Company reported a net loss of $144.8 million on
$642.2 million of revenue for the year ended December 31, 2009,
compared with a net loss of $106.9 million on $556.1 million of
revenue for 2008.

The Company's balance sheet as of December 31, 2009, showed
$1.076 billion in assets, $963.9 million of debts, and
$112.3 million of stockholders' equity.

A full-text copy of the annual report is available for free at:

               http://researcharchives.com/t/s?5adc

The Woodlands, Tex.-based Trico Marine Services, Inc. is an
integrated provider of subsea services, subsea trenching and
protection services and towing and supply vessels to oil and
natural gas exploration and production companies that operate in
major offshore producing regions around the world.


TRUMP ENTERTAINMENT: Posts $699.8 Million Net Loss in 2009
----------------------------------------------------------
On March 19, 2010, Trump Entertainment Resorts, Inc., filed its
annual report on Form 10-K for the year ended December 31, 2009.

The Company reported a net loss of $699.8 million on
$792.1 million of revenue for the year ended December 31, 2009,
compared with a net loss of $291.2 million on $908.0 million of
revenue for 2008.

The Company's balance sheet as of Dec. 31, 2009, showed
$1.397 billion in assets and $2.088 billion of debts, for a
stockholders' deficit of $691.7 million.

A full-text copy of the annual report is available for free at:

              http://researcharchives.com/t/s?5b58

Based in Atlantic City, New Jersey, Trump Entertainment Resorts
Inc. (NASDAQ: TRMP) -- http://www.trumpcasinos.com/-- owns and
operates three casino hotel properties in Atlantic City, New
Jersey, which include Trump Taj Mahal Casino Resort, Trump Plaza
Hotel and Casino, and Trump Marina Hotel Casino.  The Company
conducts gaming activities and provides customers with casino
resort and entertainment.

Donald Trump is a shareholder of the Company and, as its non-
executive Chairman, is not involved in the daily operations of the
Company.  The Company is separate and distinct from Mr. Trump's
privately held real estate and other holdings.

Trump Entertainment Resorts, TCI 2 Holdings, LLC, and other
affiliates filed for Chapter 11 on February 17, 2009 (Bankr. D.
N.J., Lead Case No. 09-13654).  The Company has tapped Charles A.
Stanziale, Jr., Esq., at McCarter & English, LLP, as lead counsel,
and Weil Gotshal & Manges as co-counsel.  Ernst & Young LLP is the
Company's auditor and accountant and Lazard Freres & Co. LLC is
the financial advisor.  Garden City Group is the claims agent.
The Company disclosed assets of $2,055,555,000 and debts of
$1,737,726,000 as of December 31, 2008.

Trump Hotels & Casino Resorts, Inc., filed for Chapter 11
protection on Nov. 21, 2004 (Bankr. D. N.J. Case No. 04-46898
through 04-46925).  Trump Hotels' obtained the Court's
confirmation of its Chapter 11 plan on April 5, 2005, and in May
2005, it exited from bankruptcy under the name Trump Entertainment
Resorts Inc.


UNITED AIR LINES: Bank Debt Trades at 15% Off in Secondary Market
-----------------------------------------------------------------
Participations in a syndicated loan under which United Airlines,
Inc., is a borrower traded in the secondary market at 85.21 cents-
on-the-dollar during the week ended Friday, March 19, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents an increase of 2.00
percentage points from the previous week, The Journal relates.
The Company pays 200 basis points above LIBOR to borrow under the
facility.  The bank loan matures on Feb. 13, 2013, and carries
Moody's B3 rating and Standard & Poor's B+ rating.  The debt is
one of the biggest gainers and losers among 195 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Based in Chicago, Illinois, UAL Corporation (NASDAQ: UAUA) --
http://www.united.com/-- is the holding company for United
Airlines, Inc.  United Airlines is the world's second largest air
carrier.  The airline flies to Brazil, Korea and Germany.

The company filed for Chapter 11 protection on Dec. 9, 2002
(Bankr. N.D. Ill. Case No. 02-48191).  James H.M. Sprayregen,
Esq., Marc Kieselstein, Esq., David R. Seligman, Esq., and Steven
R. Kotarba, Esq., at Kirkland & Ellis, represented the Debtors in
their restructuring efforts.  Fruman Jacobson, Esq., at
Sonnenschein Nath & Rosenthal LLP represented the Official
Committee of Unsecured Creditors before the Committee was
dissolved when the Debtors emerged from bankruptcy.

Judge Eugene R. Wedoff confirmed the Debtors' Second Amended Plan
on Jan. 20, 2006.  The company emerged from bankruptcy protection
on Feb. 1, 2006.  (United Airlines Bankruptcy News; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000)

UAL Corp. carries a 'Caa1' probability of default rating from
Moody's, 'B-' long term foreign issuer credit rating from Standard
& Poor's, and 'CCC' long term issuer default rating from Fitch.


US FOODSERVICE: Bank Debt Trades at 12% Off in Secondary Market
---------------------------------------------------------------
Participations in a syndicated loan under which U.S. Foodservice,
Inc., is a borrower traded in the secondary market at 88.33 cents-
on-the-dollar during the week ended Friday, March 19, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents an increase of 2.20
percentage points from the previous week, The Journal relates.
The Company pays 275 basis points above LIBOR to borrow under the
facility, which matures on July 3, 2014.  The debt carries Moody's
B2 rating while it is not rated by Standard & Poor's.  The debt is
one of the biggest gainers and losers among 195 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

U.S. Foodservice, Inc. -- http://www.usfoodservice.com/-- is a
foodservice supplier serving some 250,000 customers from more than
70 distribution facilities.  The Company supplies restaurants,
hotels, school, and other foodservice operators with a wide
variety of food products, including canned and dry foods, meats,
frozen foods, and seafood.  It also distributes kitchen equipment
and cleaning supplies among other non-food supplies.  U.S.
Foodservice distributes both national brand products and its own
private labels.  Tracing its roots to 1853, the company is owned
by private equity firms KKR & Co. and Clayton, Dubilier & Rice.


VAUGHAN FOODS: Securities to be Delisted from NasdaqCM on March 24
------------------------------------------------------------------
As previously disclosed, on September 15, 2009, the Company was
granted a 180 day grace period, or until March 15, 2010, to regain
compliance with the minimum bid price of US$1.00 per share as
required by NASDAQ Listing Rule 5550(a)(2).

On March 16, 2010, Vaughan Foods, Inc., received a notice from the
NASDAQ Listing Qualifications Department that it had not regained
compliance with the Rule and is not eligible for an additional 180
calendar day compliance period given that it does not meet the
Nasdaq Capital Market initial listing standard set forth in
Listing Rule 5505.  Accordingly, its securities will be delisted
from The Nasdaq Capital Market on March 24, 2010.

                       About Vaughan Foods

Moore, Okla.-based Vaughan Foods, Inc. --
http://www.vaughanfoods.com/-- is an integrated processor and
distributor of value-added, refrigerated foods.  The Company sells
to both food service and retail sectors.  The Company's primary
processing facility is in Moore, Okla.

The Company's balance sheet as of Dec. 31, 2009, showed
$29.4 million in assets, $22.5 million of debts, and $6.9 million
of stockholders' equity.


VERECLOUD INC: Amends Q2 Ended January 31; Posts $189,724 Net Loss
------------------------------------------------------------------
On March 17, 2010, Verecloud, Inc., filed Amendment No. 2 to its
quarterly report on Form 10-Q for the three months ended
December 31, 2009, showing a net loss of $189,724 on $1,367,131 of
revenue for the three months ended December 31, 2009, compared
with net income of $640,968 on $1,955,976 of revenue for the same
period of 2008.  This Form 10-Q/A amends and restates the
financial statements as of and for the six months ended
December 31, 2009, and amends and restates Item 4 of the original
quarterly report.

The Company's balance sheet as of Dec. 31, 2009, showed $1,963,302
in assets and $3,032,606 of debts, for a stockholders' deficit of
$1,069,304.

"On November 2, 2009, the Company received a contract termination
notice from its largest customer, SkyTerra.  SkyTerra accounted
for 93% of the Company's revenue for the six months ended
December 31, 2009.  This raises substantial doubt about the
Company's ability to continue as a going concern."

A full-text copy of the amended quarterly report is available for
free at http://researcharchives.com/t/s?5b2c

Based in Englewood, Colo., Verecloud, Inc., formerly known as
Network Cadence, Inc., is focused on providing professional
services and business platform solutions to communication service
providers ("CSPs").  These services and solutions are focused on
the service delivery platform component of CSPs back office
systems and enable CSPs to, among other things, operate more
efficiently, introduce new products faster and deliver a better
customer experience.


VERENIUM CORP: Receives Going Concern Qualification from Auditor
----------------------------------------------------------------
Verenium Corporation (Nasdaq: VRNM) said March 19 that its Annual
Report on Form 10-K for the fiscal year ended December 31, 2009,
filed with the Securities and Exchange Commission on March 16,
2010, included an audit opinion containing a going concern
qualification.

This announcement is being made in compliance with Nasdaq
Marketplace Rule 5250(b)(2), which requires any Nasdaq listed
issuer receiving an audit opinion with a going concern
qualification to make a public announcement to that effect.

                         About Verenium

Based in Cambridge, Mass., Verenium Corporation (NASDAQ: VRNM)
-- http://www.verenium.com/-- is a leader in the development and
commercialization of cellulosic ethanol, an environmentally-
friendly and renewable transportation fuel, as well as high-
performance specialty enzymes for applications within the
biofuels, industrial, and animal health markets.

                 Going Concern/Bankruptcy Warning

The Company has incurred a net loss of $18.9 million for the nine
months ended September 30, 2009, and has an accumulated deficit of
$632.5 million as of September 30, 2009.

Based on the Company's current operating plan, which includes
payments to be received by the Company or its consolidated
entities from BP relating to the first and second phases of the
strategic partnership, as well as proceeds from the Company's
recent equity financing, the Company says its existing working
capital may not be sufficient to meet the cash requirements to
fund the Company's planned operating expenses, capital
expenditures, required and potential payments under the 2007
Notes, the 2008 Notes, and the 2009 Notes, and working capital
requirements through 2010 without additional sources of cash
and/or the deferral, reduction or elimination of significant
planned expenditures.  These factors raise substantial doubt about
the Company's ability to continue as a going concern.

The Company adds that while it believes that it will be successful
in raising or generating additional cash through a combination of
corporate partnerships and collaborations, federal, state and
local grant funding, selling or financing assets, incremental
product sales and the additional sale of equity or debt
securities, if it is unsuccessful in raising additional capital
from any of these sources, it may need to defer, reduce or
eliminate certain planned expenditures, restructure or
significantly curtail its operations, file for bankruptcy or cease
operations.


VIEWCREST INVESTMENTS: Case Summary & 1 Largest Unsec. Creditor
---------------------------------------------------------------
Debtor: Viewcrest Investments, LLC
        POB 698
        Madras, OR 97741

Bankruptcy Case No.: 10-32146

Type of Business:

Chapter 11 Petition Date: March 18, 2010

Court: United States Bankruptcy Court
       District of Oregon

Judge:  Elizabeth L. Perris

Debtor's Counsel: Charles Thomas Boardman, Esq.
                  1607 NE 41st Ave
                  Portland, OR 97232
                  Tel: (503) 274-1874
                  Email: tomboardman@comcast.net

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

Estimated Debts: $500,001 to $1,000,000

The petition was signed by Robert W. Harris, the company's member.

Debtor's List of 1 Largest Unsecured Creditor:

  Entity                   Nature of Claim        Claim Amount
  ------                   ---------------        ------------
Russell Baldwin            Precautionary          $200,000
POB 1242                   Attorney Fees
Lincoln City, OR 97367


VIKING PROPERTIES: Case Summary & 4 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Viking Properties, Incorporated
        PO Box 1034
        Lynnwood, WA 98046

Bankruptcy Case No.: 10-12971

Chapter 11 Petition Date: March 18, 2010

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

Debtor's Counsel: Frank S. Homsher, Esq.
                  Tollefsen Law Office PLLC
                  18225 8th PL W
                  Lynnwood, WA 98037
                  Tel: (425) 673-0300
                  Email: frank@tollefsenlaw.com

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

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

According to the schedules, the Company has assets of $5,216,200,
and total debts of $6,853,141.

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

            http://bankrupt.com/misc/wawb10-12971.pdf

The petition was signed by Eric W. Sundquist, owner of the
Company.


VINCENT PAUL ROSSI: Case Summary & 5 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Vincent Paul Rossi
          dba Rossi Dairy Produce, LLC
        3208 WCR 49
        Hudson, CO 80642

Bankruptcy Case No.: 10-15983

Chapter 11 Petition Date: March 19, 2010

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Judge: Elizabeth E. Brown

Debtor's Counsel: Lee M. Kutner, Esq.
                  303 E. 17th Ave., Ste. 500
                  Denver, CO 80203
                  Tel: (303) 832-2400
                  Email: lmk@kutnerlaw.com

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

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

According to the schedules, the Company has assets of $1,216,845,
and total debts of $1,986,200.

A list of the Company's 5 largest unsecured creditors is available
for free at:

            http://bankrupt.com/misc/cob10-15983.pdf

The petition was signed by Vincent Paul Rossi.


VISTEON CORP: Bank Debt Trades at 112.8% in Secondary Market
------------------------------------------------------------
Participations in a syndicated loan under which Visteon
Corporation is a borrower traded in the secondary market at 112.80
cents-on-the-dollar during the week ended Friday, March 19, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents an increase of 2.55
percentage points from the previous week, The Journal relates.
The loan matures on May 30, 2013.  Visteon pays 300 basis points
above LIBOR to borrow under the facility.  Moody's has withdrawn
its rating on the bank debt and it is not rated by Standard &
Poor's.  The debt is one of the biggest gainers and losers among
195 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday.

Headquartered in Van Buren Township, Michigan, Visteon Corporation
(NYSE: VC) -- http://www.visteon.com/-- is a global automotive
supplier that designs, engineers and manufactures innovative
climate, interior, electronic and lighting products for vehicle
manufacturers, and also provides a range of products and services
to aftermarket customers.  The company has corporate offices in
Van Buren Township, Michigan (U.S.); Shanghai, China; and Kerpen,
Germany.  It has facilities in 27 countries and employs roughly
35,500 people.  The Company has assets of $4,561,000,000 and debts
of $5,311,000,000 as of March 31, 2009.

Visteon Corporation and 30 of its affiliates filed for Chapter 11
protection on May 28, 2009, (Bank. D. Del. Case No. 09-11786
through 09-11818).  Judge Christopher S. Sontchi oversees the
Chapter 11 cases.  James H.M. Sprayregen, Esq., Marc Kieselstein,
Esq., and James J. Mazza, Jr., Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois, represent the Debtors in their restructuring
efforts.  Laura Davis Jones, Esq., James E. O'Neill, Esq., Timothy
P. Cairns, Esq., and Mark M. Billion, Esq., at Pachulski Stang
Ziehl & Jones LLP, in Wilmington, Delaware, serve as the Debtors'
local counsel.  The Debtors' investment banker and financial
advisor is Rothschild Inc.  The Debtors' notice, claims, and
solicitation agent is Kurtzman Carson Consultants LLC.  The
Debtors' restructuring advisor is Alvarez & Marsal North America,
LLC.

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


VITESSE SEMICONDUCTOR: Lake Union Holds 5.0% of Common Stock
------------------------------------------------------------
Michael Self, Lake Union Capital Management, LLC and Lake Union
Capital Fund, LP in Seattle, Washington, disclosed that as of
March 4, 2010, they may be deemed to hold in the aggregate
20,210,000 shares or roughly 5.0% of the common stock of Vitesse
Semiconductor Corporation.

                   About Vitesse Semiconductor

Based in Camarillo, California, Vitesse Semiconductor Corporation
(Pink Sheets: VTSS.PK) -- http://www.vitesse.com/-- designs,
develops and markets a diverse portfolio of high-performance,
cost-competitive semiconductor solutions for Carrier and
Enterprise networks worldwide.  Engineering excellence and
dedicated customer service distinguish Vitesse as an industry
leader in Gigabit Ethernet, Ethernet-over-SONET, Optical
Transport, and other applications.

Vitesse had total assets of $87,633,000 against total debts of
$130,120,000 and Series B preferred stock of $1,113,000, resulting
in shareholders' deficit of $43,600,000 as of December 31, 2009.

Vitesse entered into debt restructuring agreements in October 2009
with its major creditors, which allow the Company to satisfy its
creditors by converting most of its debt into new common stock,
preferred stock and new convertible debentures.  Vitesse is
seeking stockholder approval to increase the number of authorized
shares of the Company's common stock from 500,000,000 to
5,000,000,000 in conjunction with the debt restructuring
agreements.  The Company has warned if stockholders do not approve
the proposal to authorize the Company to issue more shares by
February 15, 2010, it will face a 1.0% per month interest charge
on the New Debentures (at a cost of about $500,000 per month)
beginning on February 16, 2010 and continuing until the increase
in the authorized shares is approved.  In addition, the holders of
the New Debentures will have the right to demand repayment of the
principal amount of the debt, plus potentially certain make-whole
interest payments representing interest that would have been
earned if the bonds had not been converted early.  The Company
could potentially be forced to file for protection from creditors
under Chapter 11 of the U.S. Bankruptcy Code.


WASHINGTON MUTUAL: Proposes Benefit Plan Settlements
----------------------------------------------------
Pursuant to Rule 9019 of the Federal Rules of Bankruptcy
Procedure, Washington Mutual Inc. and its units have reached
settlements with certain parties for the resolution of claims of
certain participants to Washington Mutual Inc.'s Senior Executive
Life Insurance Plan and Senior Supplemental Executive Retirement
Plan, as well as the release of cash to WaMu under the SELIP
policies.

The Settlement Agreements are:

  (1) a multi-party settlement agreement dated March 16, 2010,
      by and among Washington Mutual, Inc., and 10 participants
      in certain employee benefit plans;

  (2) a settlement agreement reached on March 16, 2010, by and
      between WaMu and Participant A; and

  (3) a settlement agreement dated March 16, 2010, by and
      between WaMu and Participant B.

The Debtors' Motion contains redacted versions of the Settlement
Agreements as exhibits, specifically concealing the names of the
Participants who are parties to the Agreements.

Mark D. Collins, Esq., at Richards, Layton & Finger, P.A., in
Wilmington, Delaware, relates that in October 1998, WaMu acquired
H. F. Ahmanson & Company.  As successor, WaMu inherited certain
assets and assumed certain liabilities of HFA, including the
SELIP and SSERP Policies, which HFA established in September 1993
for its eligible senior executives.

The Debtors are in the process of liquidating certain of their
assets, and would like to receive WaMu's cash interest in the
life insurance policies issued to participants in the SELIP.
WaMu is unable to access that cash without the Participants'
consent, Mr. Collins noted.

As of the Petition Date, the Debtors ceased making payments
pursuant to the SSERP, and asserted in their Schedules of Assets
and Liabilities that Participants in the SSERP held "unliquidated
liabilities against WaMu," according to Mr. Collins.

In March 2009, the Participants filed proofs of claim against the
Debtors for amounts owed pursuant to the SELIP and SSERP.  The
Participants also asserted the right to effect set-off and
recoupment with respect to those Plans.

                   Settlement Agreement Terms

The Settlement Agreements provide for the parties' exchange of
mutual releases and the withdrawal of the Participants' proofs of
claim arising from the SSERP and SELIP Policies, Mr. Collins
relates.

Specifically, under the Multiparty Settlement Agreement, WaMu and
the Participants agree that:

  (a) the Participants will surrender the Policies;

  (b) WaMu will receive the Company's cash value from the
      Policies;

  (c) the Participants will receive their Cash Value;

  (d) WaMu will provide each of the Participants the option to
      (i) receive a cash payment in an amount equal to the
      premium for a replacement life insurance policy that
      would provide the same death benefit to the Participant as
      under their current Policy or Policies; or (ii) have WaMu
      use a portion of the cash payment to purchase the Policy
      or a policy with a lesser death benefit on behalf of the
      Participant; and

  (e) WaMu will provide each of the Participants the option to
      receive cash in settlement of their SSERP claim or have
      WaMu use the net settlement funds to purchase an
      annuity on their behalf.

According to Mr. Collins, the Participant A Settlement Agreement
is similar to the Multiparty Settlement Agreement, except that
because of Participant A's age, he is not being offered a
replacement life insurance policy.  Participant A is therefore
not required to surrender his Policy.  Should Participant A
choose not to surrender his Policy, he will consent to WaMu
withdrawing cash in the amount of $228,134, which will leave cash
in the Policy in an amount sufficient to cover Participant A's
death benefit under the SELIP.

The Participant B Settlement Agreement has the same terms as the
Multiparty Settlement Agreement.  However, because Participant B
received, prior to the Petition Date, a lump sum payment pursuant
to his SSERP upon his retirement, the Participant B Settlement
Agreement does not contemplate any payment to Participant B
related to the SSERP, Mr. Collins elaborates.

Mr. Collins contends that the Settlement Agreements will settle
the Participants' SSERP and SELIP Claims against WaMu for an
aggregate amount of approximately $32.5 million without having to
incur the expense and delay attendant to litigating those issues.

Most importantly, he says, WaMu will be able to quickly monetize
approximately $46 million in the Company's Cash Value, in order
to satisfy the Participants' Claims and make other funds
available for distribution to other creditors.

           Debtors Seek to File Settlements Under Seal

Mr. Collins tells Judge Walrath that the Settlement Agreements
contain personally identifiable and private information
concerning the Participants, and that disclosure of the
Confidential Information in the public record could impact the
Participants' privacy interests.

In this regard, the Debtors seek to (i) file with the Court
redacted versions of the Settlement Agreement exhibits; and (ii)
submit to the Court and maintain unredacted copies of the
Exhibits and related Court orders under seal.

The Debtors propose to provide unredacted copies of the
Settlement Agreements, on a confidential basis, to the Court, the
Participants' counsel, counsel to the Official committee of
Unsecured Creditors, counsel to the Official Committee of Equity
Holders, and the Office of the United States Trustee, Mr. Collins
says.

Mr. Collins explains that "only personally identifiable
information will be redacted and all economic terms of the
Agreements will be disclosed."

                    About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- is a holding company for Washington Mutual
Bank as well as numerous non-bank subsidiaries.  The Company
operates in four segments: the Retail Banking Group, which
operates a retail bank network of 2,257 stores in California,
Florida, Texas, New York, Washington, Illinois, Oregon, New
Jersey, Georgia, Arizona, Colorado, Nevada, Utah, Idaho and
Connecticut; the Card Services Group, which operates a nationwide
credit card lending business; the Commercial Group, which conducts
a multi-family and commercial real estate lending business in
selected markets, and the Home Loans Group, which engages in
nationwide single-family residential real estate lending,
servicing and capital markets activities.

Washington Mutual Bank was taken over September 25 by U.S.
government regulators.  The next day, WaMu and its affiliate, WMI
Investment Corp., filed separate petitions for Chapter 11 relief
(Bankr. D. Del. 08-12229 and 08-12228, respectively).  Wamu owns
100% of the equity in WMI Investment.  Weil Gotshal & Manges
represents the Debtors as counsel.  When WaMu filed for protection
from its creditors, it listed assets of $32,896,605,516 and debts
of $8,167,022,695.  WMI Investment listed assets of $500,000,000
to $1,000,000,000 with zero debts.

Peter Calamari, Esq., and David Elsberg, Esq., at Quinn Emanuel
Urquhart Oliver & Hedges, LLP served as legal counsel to WMI with
responsibility for the litigation.  Brian Rosen, Esq., at Weil,
Gotshal & Manges LLP served as legal counsel to WMI with
responsibility for the chapter 11 case.

Bankruptcy Creditors' Service Inc. publishes Washington Mutual
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Washington Mutual Inc. (http://bankrupt.com/newsstand/or
215/945-7000).


WASHINGTON MUTUAL: Equity Panel Proposes Delaware Counsel
---------------------------------------------------------
The Official Committee of Equity Security Holders in Washington
Mutual Inc.'s cases seeks the Court's authority to retain Ashby &
Geddes, P.A., as their Delaware counsel, nunc pro tunc to March 4,
2010.

Ashby & Geddes has the requisite expertise on matters that are
likely to arise in the Debtors' Chapter cases, including, but not
limited to, handling bankruptcy and debt reorganization problems
and procedures arising in the reorganization framework, Equity
Committee Chairman Michael Willingham relates.

As Delaware counsel, Ashby & Geddes will be required to render
legal services relating to the administration and reorganization
of the Debtors' Chapter 11 cases and to the issues that may arise
out of the Debtors' businesses including, but not limited, to:

  (1) providing legal advice regarding the rules and practices
      of the Court applicable to the Equity Committee's powers
      and duties under Section 1102 of the Bankruptcy Code;

  (2) providing legal advice regarding any disclosure statement
      and plan filed in the Debtors' cases and with respect to
      the process for approving or disapproving a disclosure
      statement and confirming or denying confirmation of a
      plan;

  (3) preparing and reviewing applications, motions, complaints,
      answers, orders, agreements and other legal papers filed
      on behalf of the Equity Committee for compliance with the
      rules and practices of the Court;

  (4) appearing in Court to present necessary motions,
      applications and pleadings and otherwise protecting the
      interests of the Equity Committee and equity security
      holders of the Debtors; and

  (5) performing other legal services for the Equity Committee
      as may be necessary and proper in these Chapter 11 cases.

While rendering legal services for the Equity Committee, Ashby &
Geddes will coordinate with Venable LLP, as the Equity
Committee's lead counsel, to avoid any duplication of effort and
expense.

Ashby & Geddes' professionals will be paid in accordance with
these hourly rates:

  Professional               Position          Hourly Rate
  ------------               --------          -----------
  William P. Bowden           Member               $590
  Gregory A. Taylor           Member               $425
  Benjamin Keenan            Associate             $295
  Stacy L. Newman            Associate             $245

Ashby & Geddes will also be reimbursed for their reasonable out-
of-pocket expenses.

William P. Bowden, Esq., a member at Ashby & Geddes, assures the
Court that his firm is a "disinterested person" within the
meaning of Sections 101(14) and 328 of the Bankruptcy Code.

                    About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- is a holding company for Washington Mutual
Bank as well as numerous non-bank subsidiaries.  The Company
operates in four segments: the Retail Banking Group, which
operates a retail bank network of 2,257 stores in California,
Florida, Texas, New York, Washington, Illinois, Oregon, New
Jersey, Georgia, Arizona, Colorado, Nevada, Utah, Idaho and
Connecticut; the Card Services Group, which operates a nationwide
credit card lending business; the Commercial Group, which conducts
a multi-family and commercial real estate lending business in
selected markets, and the Home Loans Group, which engages in
nationwide single-family residential real estate lending,
servicing and capital markets activities.

Washington Mutual Bank was taken over September 25 by U.S.
government regulators.  The next day, WaMu and its affiliate, WMI
Investment Corp., filed separate petitions for Chapter 11 relief
(Bankr. D. Del. 08-12229 and 08-12228, respectively).  Wamu owns
100% of the equity in WMI Investment.  Weil Gotshal & Manges
represents the Debtors as counsel.  When WaMu filed for protection
from its creditors, it listed assets of $32,896,605,516 and debts
of $8,167,022,695.  WMI Investment listed assets of $500,000,000
to $1,000,000,000 with zero debts.

Peter Calamari, Esq., and David Elsberg, Esq., at Quinn Emanuel
Urquhart Oliver & Hedges, LLP served as legal counsel to WMI with
responsibility for the litigation.  Brian Rosen, Esq., at Weil,
Gotshal & Manges LLP served as legal counsel to WMI with
responsibility for the chapter 11 case.

Bankruptcy Creditors' Service Inc. publishes Washington Mutual
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Washington Mutual Inc. (http://bankrupt.com/newsstand/or
215/945-7000).


WASHINGTON MUTUAL: Wants $2.5-Bil. Mortgage Loan Claim Disallowed
-----------------------------------------------------------------
Washington Mutual Inc. and its units ask the Court to disallow
Claim No. 2692, asserting potentially more than $2.5 billion, as
filed by Robert Alexander and James Reed, individually and on
behalf of similarly situated individuals who obtained mortgage
loans from Washington Mutual Bank or Washington Mutual Bank fsb.

The Claim is a putative class claim based on the causes of action
asserted by the Claimants against WaMu in a lawsuit filed in
October 2007 in the United States District Court for the Eastern
District of Pennsylvania.  The defendants in the Pennsylvania
Action are WaMu, WMB, WMBfsb and WM Mortgage Reinsurance Company,
Inc., WaMu's wholly owned subsidiary.

Under the Pennsylvania Action, the Claimants alleged that (i)
they obtained mortgage loans from an unidentified Washington
Mutual entity and agreed to pay mortgage insurance on the loans,
and that (ii) their mortgage insurance was reinsured with WMMRC.
The Claimants further alleged that (i) the premiums ceded to the
reinsurer, WMMRC, were excessive for the risk assumed by WMMRC,
(ii) no reinsurance risk was in fact assumed by WMMRC, and (iii)
the arrangement was instead an illegal kickback for the referral
of the mortgage insurance business or a split of a settlement
service fee, all in violation of Sections 8(a) and 8(b) of the
Real Estate Settlement Procedures Act.

Representing the Debtors, Mark D. Collins, Esq., at Richards,
Layton & Finger, P.A., in Wilmington, Delaware, argues that the
Pennsylvania Action makes no plausible allegations that could
attach liability to WaMu for the reason that WaMu was not a
lender and WaMu did not make the mortgage loans at issue.  In
addition, he points out, the Claimants do not articulate any
basis for holding a non-lender and non-participant in the subject
transactions liable under RESPA.

Mr. Collins cites that liability under Section 8(a) of the RESPA
extends only to the party alleged to have given or received a
"kickback" in exchange for the alleged referral of settlement
service business.  In the Pennsylvania Action, he specifies, WaMu
is not alleged to have given a "kickback" in exchange for a
referral of mortgage insurance.

Moreover, Mr. Collins tells the Court, the alleged damages in the
Pennsylvania Action cannot be sustained on a class-wide basis
because the Claimants lack standing to represent certain
borrowers purportedly within the class, including (i) those whose
mortgage insurance was placed with different providers, (ii)
those whose claims are outside the limitations period, and (iii)
those whose insurance was involved in reinsurance structures that
are inapplicable to their loans.

Mr. Collins contends that the alleged damages amount of $2.5
billion in Claim No. 2692 "is unsubstantiated and is not tied to
any factual allegations."

To the extent they are liable, the Debtors ask the Court to allow
them to impose on the Claim any applicable claim amount cap
prescribed by the Bankruptcy Code.

                    About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- is a holding company for Washington Mutual
Bank as well as numerous non-bank subsidiaries.  The Company
operates in four segments: the Retail Banking Group, which
operates a retail bank network of 2,257 stores in California,
Florida, Texas, New York, Washington, Illinois, Oregon, New
Jersey, Georgia, Arizona, Colorado, Nevada, Utah, Idaho and
Connecticut; the Card Services Group, which operates a nationwide
credit card lending business; the Commercial Group, which conducts
a multi-family and commercial real estate lending business in
selected markets, and the Home Loans Group, which engages in
nationwide single-family residential real estate lending,
servicing and capital markets activities.

Washington Mutual Bank was taken over September 25 by U.S.
government regulators.  The next day, WaMu and its affiliate, WMI
Investment Corp., filed separate petitions for Chapter 11 relief
(Bankr. D. Del. 08-12229 and 08-12228, respectively).  Wamu owns
100% of the equity in WMI Investment.  Weil Gotshal & Manges
represents the Debtors as counsel.  When WaMu filed for protection
from its creditors, it listed assets of $32,896,605,516 and debts
of $8,167,022,695.  WMI Investment listed assets of $500,000,000
to $1,000,000,000 with zero debts.

Peter Calamari, Esq., and David Elsberg, Esq., at Quinn Emanuel
Urquhart Oliver & Hedges, LLP served as legal counsel to WMI with
responsibility for the litigation.  Brian Rosen, Esq., at Weil,
Gotshal & Manges LLP served as legal counsel to WMI with
responsibility for the chapter 11 case.

Bankruptcy Creditors' Service Inc. publishes Washington Mutual
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Washington Mutual Inc. (http://bankrupt.com/newsstand/or
215/945-7000).


WAVE SYSTEMS: Posts $3.3 Million Net Loss in 2009
-------------------------------------------------
Wave Systems Corp. filed its annual report on Form 10-K, showing a
net loss of $3.3 million on $18.9 million of revenue for the year
ended December 31, 2009, compared with a net loss of $20.5 million
on $8.8 million of revenue for 2008.

The Company's balance sheet as of December 31, 2009, showed
$6.3 million in assets and $8.2 million of debts, for a
stockholders' deficit of $1.9 million.

KPMG LLP, in Boston expreesed substantial doubt about the
Company's ability to continue as a going concern.  The independent
auditors noted that of the Company's recurring losses from
operations and accumulated deficit of $348.0 million as of
December 31, 2009.

A full-text copy of the annual report is available for free at:

               http://researcharchives.com/t/s?5a65

Lee, Mass. Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products
for hardware-based digital security, including security
applications and services that are complementary to and work with
the specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.


WEBDIGS INC: Posts $319,668 Net Loss in Q1 Ended January 31
-----------------------------------------------------------
Webdigs, Inc., filed its quarterly report on Form 10-Q, showing a
net loss of $319,668 on $91,517 of revenue for the three months
ended January 31, 2010, compared with a net loss of $326,213 on
$38,627 of revenue for the same period of 2009.

The Company's balance sheet as of January 31, 2010, showed
$2,085,806 in assets, $1,373,767 of debts, and $712,039 of
stockholders' equity.

"The Company has incurred significant operating losses for the
three month periods ended January 31, 2010 and 2009.  At
January 31, 2010, the Company reports a negative working capital
position of $1,286,400, and an accumulated deficit of $4,097,431.
It is management's opinion that these facts raise substantial
doubt about the Company's ability to continue as a going concern
without additional debt or equity financing."

A full-text copy of the quarterly report is available for free at:

                http://researcharchives.com/t/s?5b2d

Based in Minneapolis, Minnesota, Webdigs, Inc. (OTC BB: WBDG) is a
web-assisted, full service real estate company that offers
innovative services to home buyers and sellers via two primary
brands: Webdigs.com and IggysHouse.com.  With Webdigs.com the
Company shares with each buyer up to one-half (50%) of the
commission it receives from the seller or listing broker, with a
minimum fee of $3,000 per transaction to the Company.  The Company
also offers discounted listing services to customers wishing to
sell their homes.

In January 2010, the Company launched IggysHouse.com, an online
website that offers consumers an opportunity to have their home
listed on the real estate multiple listing service (MLS) in their
area and on the IggysHouse.com Web site completely free for 30
days.

The Company has been operating since July 2007 in the Twin-Cities
(Minneapolis-St. Paul and western Wisconsin) metropolitan area and
since November 2007 in south Florida.


WESTERN REFINING: Bank Debt Trades at 6% Off in Secondary Market
----------------------------------------------------------------
Participations in a syndicated loan under which Western Refining,
Inc., is a borrower traded in the secondary market at 93.71 cents-
on-the-dollar during the week ended Friday, March 19, 2010,
according to data compiled by Loan Pricing Corp. and reported in
The Wall Street Journal.  This represents an increase of 1.75
percentage points from the previous week, The Journal relates.
The Company pays 600 basis points above LIBOR to borrow under the
facility.  The bank loan matures on May 30, 2013, and carries
Moody's B3 rating and Standard & Poor's B+ rating.  The debt is
one of the biggest gainers and losers among 195 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

Western Refining, Inc., headquartered in El Paso, Texas, is an
independent refining and marketing company.  Western owns and
operates a 128,000-barrel per day low complexity light sweet
refinery at El Paso, Texas, a medium sized relatively complex
coking refinery at Yorktown, Virginia, and two very small light
sweet crude oil refineries in the Four Corners region of New
Mexico.


WHOLESALE PROPERTIES: Sec. 341(a) Meeting Scheduled for April 12
----------------------------------------------------------------
The U.S. Trustee for Region 6 will convene a meeting of creditors
in Wholesale Properties II, LLC's Chapter 11 case on April 12,
2010, at 2:30 p.m.  The meeting will be held at Office of the U.S.
Trustee, 1100 Commerce Street, Room 976, Dallas, TX 75242.

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.

Waxihachie, Texas-based Wholesale Properties II, LLC, filed for
Chapter 11 bankruptcy protection on March 12, 2010 (Bankr. N.D.
Texas Case No. 10-31790).  Mark Joseph Petrocchi, Esq., at
Griffith, Jay & Michel, LLP, assists the Company in its
restructuring effort.  The Company listed $10,000,001 to
$50,000,000 in assets and $1,000,001 to $10,000,000 in
liabilities.


WHOLESALE PROPERTIES: Taps Griffith Jay as Bankruptcy Counsel
-------------------------------------------------------------
Wholesale Properties I, LLC, and Wholesale Properties II, LLC,
have asked for authorization from the U.S. Bankruptcy Court for
the Northern District of Texas to employ Griffith, Jay & Michel,
LLP, as bankruptcy counsel.

GJM will, among other things:

     a. advise the Debtors generally with respect to general and
        restructuring matters;

     b. represent and advise the Debtors with respect to matters
        that generally arise in this matter or an ordinary Chapter
        11 case;

     c. assist the Debtors and their professionals with the
        protection and preservation of the estate of the Debtors;
        and

     d. assist the Debtors and their professionals with preparing
        motions, applications, answers, orders, reports, and
        papers in connection with and required for the orderly
        administration of the estate.

GJM will be paid based on the hourly rates of its personnel:

        Mark J. Petrocchi         $295
        Attorneys               $150-$350

Mark J. Petrocchi at GJM, assures the Court that the firm is
"disinterested" as that term is defined in Section 101(14) of the
Bankruptcy Code.

Waxihachie, Texas-based Wholesale Properties II, LLC, filed for
Chapter 11 bankruptcy protection on March 12, 2010 (Bankr. N.D.
Texas Case No. 10-31790).  Mark Joseph Petrocchi, Esq., at
Griffith, Jay & Michel, LLP, assists the Company in its
restructuring effort.  The Company listed $10,000,001 to
$50,000,000 in assets and $1,000,001 to $10,000,000 in
liabilities.

The Debtor's affiliate, Wholesale Properties I, LLC, filed for
bankruptcy on March 12, 2010 (Case No. 10-31787), estimating its
assets and debts at $1 million to $10 million.


YANKEE CANDLE: Bank Debt Trades at 3% Off in Secondary Market
-------------------------------------------------------------
Participations in a syndicated loan under which The Yankee Candle
Company, Inc., is a borrower traded in the secondary market at
97.07 cents-on-the-dollar during the week ended Friday, March 19,
2010, according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  This represents an increase
of 0.68 percentage points from the previous week, The Journal
relates.  The Company pays 200 basis points above LIBOR to borrow
under the facility.  The bank loan matures on Feb. 6, 2014, and
carries Moody's Ba3 rating and Standard & Poor's BB- rating.  The
debt is one of the biggest gainers and losers among 195 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

Based in South Deerfield, Massachusetts, The Yankee Candle
Company, Inc., designs, manufactures, and is a wholesaler and
retailer of premium scented candles.  Yankee has a 39-year history
of offering distinctive products and marketing them as affordable
luxuries and consumable gifts.  The Company sells its products
through a North American wholesale customer network of 19,689
store locations, a growing base of Company owned and operated
retail stores (491 located in 43 states as of Jan. 3, 2009,
including 28 Illuminations stores), direct mail catalogs, and its
Internet Web sites:

                 http://www.yankeecandle.com
                 http://www.illuminations.com
                 http://www.aromanaturals.com

Outside of North America, the Company sells its products primarily
through its subsidiary, Yankee Candle Company (Europe), Ltd.,
which has an international wholesale customer network of 2,994
store locations and distributors covering approximately 23
countries.

Yankee Holding Corp. is a holding company formed in connection
with the Company's Merger with an affiliate of Madison Dearborn
Partners, LLC, on Feb. 6, 2007, and is now the parent company of
The Yankee Candle Company, Inc.

Yankee Holding Corp. and subsidiaries had $1.372 billion in total
assets, and $1.375 billion in total liabilities, resulting in
$2.82 million in stockholders' deficit as of Jan. 3, 2009.


YRC WORLDWIDE: Reports Improving First Quarter Shipment Trends
--------------------------------------------------------------
YRC Worldwide Inc. last week reported improving first quarter
shipment trends for its YRC National Transportation and YRC
Regional Transportation segments.  Shipment volumes in the latter
part of December and early January were impacted by the extensions
to our note exchange.  YRC said severe winter weather during
January and February further hindered shipment growth and impacted
costs and productivity.  However, shipment growth in March, month
to date, is at levels which exceed normal seasonal patterns, as
total shipments per work day for both YRC National and YRC
Regional increased 10% compared to the same period in February.

KPMG LLP, in Kansas City, Missouri, expressed substantial doubt
about YRC Worldwide's ability to continue as a going concern in
its report on the Company's consolidated financial statements as
of and for the year ended December 31, 2009.  The independent
auditors noted that the Company has experienced significant
declines in operations, cash flows, and liquidity.

The Company's balance sheet as of Dec. 31, 2009, showed
$3.032 billion in assets, $2.865 billion and of debts, and
$167.2 million of stockholders' equity.

Overland Park, Kansas-based YRC Worldwide Inc., one of the largest
transportation service providers in the world, is a holding
company that through wholly owned operating subsidiaries offers a
wide range of transportation services.  These services include
global, national and regional transportation as well as logistics.

                           *     *     *

According to the Troubled Company Reporter on Feb. 26, 2010, Fitch
Ratings has assigned a rating of 'C/RR6' to YRC Worldwide's
new 6% senior unsecured convertible notes due 2014.  The first
tranche of new notes, totaling $49.8 million, was issued on
Feb. 23, 2010.  Proceeds from this tranche will be used to repay
the $45 million in remaining outstanding principal on YRC Regional
Transportation Inc.'s 8.5% senior secured notes (known as the USF
notes).

As reported by the TCR on January 14, 2010, Standard & Poor's
Ratings Services raised its corporate credit rating on YRC
Worldwide to 'CCC-' from 'SD' (selective default).  At the same
time, S&P raised the senior unsecured issue-level ratings to 'CC'
from 'D' on the company's remaining notes that were subject to the
exchange offer, as well as a '6' recovery rating, indicating
negligible (0%-10%) recovery of principal in a payment default
scenario.  The company has issued a combination of common and
preferred equity in exchange for the existing notes.


* 2010 Bank Failures Now 37 after Advanta, 6 Others Closed
----------------------------------------------------------
Regulators closed three seven -- State Bank of Aurora, Aurora, MN;
First Lowndes Bank, Fort Deposit, AL; Bank of Hiawassee,
Hiawassee, GA; Appalachian Community Bank, Ellijay, GA; Advanta
Bank Corp., Draper, UT; Century Security Bank, Duluth, GA;
American National Bank, Parma, OH -- on March 19, raising the
total closings for this year to 37.

The Federal Deposit Insurance Corporation was appointed receiver
for the banks.  The FDIC was unable to find another financial
institution to take over the banking operations of Advanta Bank
Corp.  The FDIC was able to find banks who are assuming the
deposits and taking over operations of the other banks closed last
Friday.

In accordance with Federal law, allowed claims against failed
financial institutions will be paid, after administrative
expenses, in this order of priority:

     1. Depositors
     2. General Unsecured Creditors
     3. Subordinated Debt
     4. Stockholders

                    2010 Failed Banks List

The FDIC was appointed as receiver for the closed banks.  To
protect the depositors, the FDIC entered into a purchase and
assumption agreement with various banks that agreed to assume the
deposits of most of the closed banks.  The FDIC also entered into
loss-share transactions on assets bought by the banks.

For this year, the failed banks are:

                               Loss-Share
                               Transaction Party     FDIC Cost
                  Assets of    Bank That Assumed   to Insurance
                  Closed Bank  Deposits & Bought      Fund
Closed Bank       (millions)   Certain Assets       (millions)
-----------       ----------   --------------      -----------
State Bank of Aurora     $28.2    Northern State Bank       $4.2
First Lowndes Bank      $137.2    First Citizens Bank      $38.3
Bank of Hiawassee       $377.8    Citizens South Bank     $137.7
Appalachian Community $1,010.0    Community & Southern    $419.3
Advanta Bank Corp.    $1,600.0    - None -                $635.6
Century Security         $96.5    Bank of Upson            $29.9
American National        $70.3    National Bank and Trust  $17.1
The Park Avenue Bank    $520.1    Valley National Bank     $50.7
Statewide Bank          $243.2    Home Bank, Lafayette     $38.1
Old Southern Bank       $315.6    Centennial Bank          $94.6
LibertyPointe Bank      $209.7    Valley National          $24.8
Sun American Bank       $535.7    First-Citizens Bank     $103.8
Waterfield Bank         $155.6    {FDIC Created}           $51.0
Centennial Bank         $215.2    Zions Bank               $96.3
Bank of Illinois        $211.7    Heartland Bank           $53.7
Rainier Pacific Bank    $446.2    Umpqua Bank, Roseburg    $95.2
Carson River Community   $51.1    Heritage Bank of Nevada   $7.9
George Washington       $412.8    FirstMerit Bank         $141.4
La Jolla Bank         $3,600.0    OneWest Bank, FSB       $882.3
The La Coste Nat'l       $53.9    Community National        $3.7
Marco Community Bank    $119.6    Omaha Bank               $38.1
1st American State       $18.2    Community Development     $3.1
First National Bank     $832.6    Community & Southern    $260.4
Florida Community       $875.5    Premier American Bank   $352.6
American Marine Bank    $373.2    Columbia State Bank      $58.9
Marshall Bank, N.A.      $59.9    United Valley Bank        $4.1
First Regional Bank   $2,180.0    First-Citizens Bank     $825.5
Comm. Bank & Trust    $1,210.0    SCBT, N.A.              $354.5
Charter Bank          $1,200.0    Charter, Albuquerque    $201.9
Evergreen Bank          $488.5    Umpqua Bank, Roseburg    $64.2
Columbia River Bank   $1,100.0    Columbia State Bank     $172.5
Bank of Leeton           $20.1    Sunflower Bank            $8.1
Premier American Bank   $350.9    Bond Street subsidiary   $85.0
Town Community           $69.6    Bank First American      $17.8
St. Stephen State        $24.7    First State Bank          $7.2
Barnes Banking          $827.8    {DINB Created}          $271.3
Horizon Bank          $1,400.0    Washington Federal      $539.1

In 2009, there were 140 failed banks, compared with just 25 for
2008.

A complete list of banks that failed since 2000 is available at:

    http://www.fdic.gov/bank/individual/failed/banklist.html

                   702 Banks on Problem List

In its quarterly banking profile, the Federal Deposit Insurance
Corp. said that the number of institutions on its "Problem List"
rose to 702 at the end of 2009, from 552 at the end of the third
quarter and 252 at the end of 2008.

The FDIC, in its February 23 report, said that total assets of
"problem" institutions were $402.8 billion at yearend 2009,
compared with $345.9 billion at the end of September and $159.0
billion at the end of 2008.  Both the number and assets of
"problem" institutions are at the highest level since June 30,
1993.

The Deposit Insurance Fund (DIF) decreased by $12.6 billion during
the fourth quarter to a negative $20.9 billion (unaudited)
primarily because of $17.8 billion in additional provisions for
bank failures.  Also, unrealized losses on available-for-sale
securities combined with operating expenses reduced the fund by
$692 million.  Accrued assessment income added $3.1 billion to the
fund during the quarter, and interest earned, combined with
termination fees on loss share guarantees and surcharges from the
Temporary Liquidity Guarantee Program added $2.8 billion.  For the
year, the fund balance shrank by $38.1 billion, compared to a
$35.1 billion decrease in 2008.  The DIF's reserve ratio was
negative 0.39% on December 31, 2009, down from negative 0.16% on
September 30, 2009, and 0.36% a year ago.  The December 31, 2009,
reserve ratio is the lowest reserve ratio for a combined bank and
thrift insurance fund on record.

Forty-five insured institutions with combined assets of
$65.0 billion failed during the fourth quarter of 2009, at an
estimated cost of $10.2 billion.  For all of 2009, 140 FDIC-
insured institutions with assets of $169.7 billion failed, at an
estimated cost of $37.4 billion.  This was the largest number of
failures since 1990 when 168 institutions with combined assets of
$16.9 billion failed.

On November 12, 2009, the FDIC adopted a final rule amending the
assessment regulations to require insured depository institutions
to prepay their quarterly risk-based assessments for the fourth
quarter of 2009 and for all of 2010, 2011, and 2012 on December
30, 2009, along with each institution's risk-based assessment for
the third quarter of 2009.   The FDIC is asking banks to prepay
three years of premiums on Dec. 30 to raise $45 billion for the
fund.

"Problem" institutions are those institutions with financial,
operational, or managerial weaknesses that threaten their
continued financial viability.  They are rated by the FDIC or
Office of the Thrift Supervision as either a "4" or "5", based on
a scale of 1 to 5 in ascending order of supervisory concern.
The Problem List is not divulged to the public.  No advance notice
is given to the public when a financial institution is closed.

               Problem Institutions      Failed Institutions
               --------------------      -------------------
Year           Number  Assets (Mil)      Number  Assets (Mil)
----           ------  ------------      ------  ------------
2009              702      $402,800         140       $169,700
2008              252      $159,405          25       $371,945
2007               76       $22,189           3         $2,615
2006               50        $8,265           0             $0
2005               52        $6,607           0             $0
2004               80       $28,250           4           $170

A copy of the FDIC's Quarterly Banking Profile for the quarter
ended Dec. 31, 2009, is available for free at:

      http://bankrupt.com/misc/FDIC_QBP_Q4_09.pdf

                         More Insurance Premiums

U.S. lenders will face higher deposit-insurance premiums "for many
years to come" as the industry recovers from bank failures caused
by the financial crisis, Comptroller of the Currency John Dugan
said March 19.  "These are huge numbers," Dugan said in comments
prepared for a bankers conference, referring to shutdowns that
have depleted the Federal Deposit Insurance Corp.'s insurance
fund.


* Junk Bonds Selling at Briskest Pace Since 2007
------------------------------------------------
John Glover and Bryan Keogh at Bloomberg News report that
companies are selling high-yield, high-risk bonds at the fastest
pace since credit markets seized up in 2007 as investors pour
record amounts into the securities amid signs the economic
recovery is gaining momentum.

Renault SA, the second-largest French automaker, Pittsburgh-based
U.S. Steel Corp. and other speculative-grade borrowers issued
$24.2 billion of high-yield notes in March through last week,
putting this month on course to be the busiest since June 2007,
according to data compiled by Bloomberg.

According to the Bloomberg report, issuance of non-investment
grade bonds is running at the highest since companies sold $34
billion of the debt in June 2007, after slowing last month amid
concern that sovereign budget deficits would stifle growth.  The
securities are rated lower than BBB- by Standard & Poor's and Baa3
by Moody's Investors Service.


* Senate Eyes Expanded Ch. 12 for Small Businesses
--------------------------------------------------
Bankruptcy Law360 reports that the Senate Judiciary Committee is
weighing a proposal to amend the Bankruptcy Code to allow more
small businesses to opt for Chapter 12 rather than Chapter 11
filings, in order to pare down the economic havoc some experts say
is wreaked on small companies by the Chapter 11 process.


* BOND PRICING -- For the Week From March 15 to 19, 2010
--------------------------------------------------------
  Company            Coupon      Maturity  Bid Price
  -------            ------      --------  ---------
155 E TROPICANA       8.750%     4/1/2012     2.000
ACARS-GM              8.100%    6/15/2024    17.500
ADVANTA CAP TR        8.990%   12/17/2026    13.125
ALERIS INTL INC       9.000%   12/15/2014     0.500
AMBAC INC             9.375%     8/1/2011    55.600
ARCO CHEMICAL CO     10.250%    11/1/2010    82.750
BALLY TOTAL FITN     14.000%    10/1/2013     1.000
BANK NEW ENGLAND      8.750%     4/1/1999    12.500
BANK NEW ENGLAND      9.875%    9/15/1999     9.000
BANK UNITED           8.000%    3/15/2009     0.900
BLOCKBUSTER INC       9.000%     9/1/2012    21.336
BOWATER INC           6.500%    6/15/2013    36.000
BOWATER INC           9.500%   10/15/2012    32.900
CAPMARK FINL GRP      5.875%    5/10/2012    30.750
CENTERPLATE INC      13.500%   12/10/2013     1.500
CHANDLER USA INC      8.750%    7/16/2014    20.000
CMP SUSQUEHANNA       9.875%    5/15/2014    37.000
COLLINS & AIKMAN     10.750%   12/31/2011     0.030
COLONIAL BANK         6.375%    12/1/2015     0.438
FAIRPOINT COMMUN     13.125%     4/1/2018    13.875
FAIRPOINT COMMUN     13.125%     4/2/2018    16.250
FEDDERS NORTH AM      9.875%     3/1/2014     0.977
FINLAY FINE JWLY      8.375%     6/1/2012     0.500
GENERAL MOTORS        7.125%    7/15/2013    32.500
GENERAL MOTORS        9.450%    11/1/2011    26.000
HAWAIIAN TELCOM       9.750%     5/1/2013     3.000
HERBST GAMING         7.000%   11/15/2014     0.500
HERBST GAMING         8.125%     6/1/2012     0.500
INDALEX HOLD         11.500%     2/1/2014     1.050
INN OF THE MOUNT     12.000%   11/15/2010    47.000
KEYSTONE AUTO OP      9.750%    11/1/2013    40.250
LEHMAN BROS HLDG      4.375%   11/30/2010    22.500
LEHMAN BROS HLDG      4.500%     8/3/2011    16.770
LEHMAN BROS HLDG      4.700%     3/6/2013    18.750
LEHMAN BROS HLDG      4.800%    2/27/2013    21.500
LEHMAN BROS HLDG      4.800%    3/13/2014    23.125
LEHMAN BROS HLDG      5.000%    1/14/2011    23.300
LEHMAN BROS HLDG      5.000%    1/22/2013    21.500
LEHMAN BROS HLDG      5.000%    2/11/2013    21.500
LEHMAN BROS HLDG      5.000%    3/27/2013    21.500
LEHMAN BROS HLDG      5.000%     8/3/2014    17.780
LEHMAN BROS HLDG      5.000%     8/5/2015    22.000
LEHMAN BROS HLDG      5.100%    1/28/2013    18.454
LEHMAN BROS HLDG      5.150%     2/4/2015    21.500
LEHMAN BROS HLDG      5.250%     2/6/2012    23.020
LEHMAN BROS HLDG      5.250%    1/30/2014    18.000
LEHMAN BROS HLDG      5.250%    2/11/2015    21.500
LEHMAN BROS HLDG      5.500%     4/4/2016    20.010
LEHMAN BROS HLDG      5.625%    1/24/2013    23.500
LEHMAN BROS HLDG      5.750%    4/25/2011    22.750
LEHMAN BROS HLDG      5.750%    7/18/2011    22.125
LEHMAN BROS HLDG      5.750%    5/17/2013    22.680
LEHMAN BROS HLDG      6.000%     4/1/2011    17.250
LEHMAN BROS HLDG      6.000%    7/19/2012    23.000
LEHMAN BROS HLDG      6.000%    6/26/2015    18.250
LEHMAN BROS HLDG      6.000%   12/18/2015    21.500
LEHMAN BROS HLDG      6.200%    9/26/2014    23.000
LEHMAN BROS HLDG      6.500%    7/19/2017     0.250
LEHMAN BROS HLDG      6.625%    1/18/2012    23.000
LEHMAN BROS HLDG      6.750%   12/28/2017     0.700
LEHMAN BROS HLDG      6.875%     5/2/2018    23.500
LEHMAN BROS HLDG      6.875%    7/17/2037     0.250
LEHMAN BROS HLDG      7.000%    4/16/2019    20.550
LEHMAN BROS HLDG      7.500%    5/11/2038     0.500
LEHMAN BROS HLDG      7.875%    8/15/2010    23.000
LEHMAN BROS HLDG      8.000%    3/17/2023    16.000
LEHMAN BROS HLDG      8.050%    1/15/2019    21.500
LEHMAN BROS HLDG      8.500%     8/1/2015    22.500
LEHMAN BROS HLDG      8.750%   12/21/2021    21.150
LEHMAN BROS HLDG      8.750%     2/6/2023    17.625
LEHMAN BROS HLDG      8.800%     3/1/2015    22.000
LEHMAN BROS HLDG      8.920%    2/16/2017    19.000
LEHMAN BROS HLDG      9.000%     3/7/2023    18.250
LEHMAN BROS HLDG      9.500%   12/28/2022    21.500
LEHMAN BROS HLDG      9.500%    1/30/2023    21.000
LEHMAN BROS HLDG      9.500%    2/27/2023    21.500
LEHMAN BROS HLDG     10.000%    3/13/2023    21.500
LEHMAN BROS HLDG     10.375%    5/24/2024    16.000
LEHMAN BROS HLDG     11.000%    6/22/2022    18.375
LEHMAN BROS HLDG     11.500%    9/26/2022    18.125
LEINER HEALTH        11.000%     6/1/2012     9.500
MAJESTIC STAR         9.500%   10/15/2010    76.000
MAJESTIC STAR         9.750%    1/15/2011    15.750
MERRILL LYNCH         4.080%     3/9/2011    99.250
METALDYNE CORP       10.000%    11/1/2013    10.000
METALDYNE CORP       11.000%    6/15/2012     1.000
NEFF CORP            10.000%     6/1/2015    10.000
NEWPAGE CORP         12.000%     5/1/2013    37.100
NORTH ATL TRADNG      9.250%     3/1/2012    43.500
RAFAELLA APPAREL     11.250%    6/15/2011    49.750
RJ TOWER CORP        12.000%     6/1/2013     1.000
ROTECH HEALTHCA       9.500%     4/1/2012    60.000
SILVERLEAF RES        8.000%     4/1/2010    91.600
SIX FLAGS INC         9.625%     6/1/2014    36.500
SIX FLAGS INC         9.750%    4/15/2013    36.000
SPHERIS INC          11.000%   12/15/2012    15.500
STATION CASINOS       6.000%     4/1/2012    10.000
STATION CASINOS       6.500%     2/1/2014     3.500
STATION CASINOS       6.625%    3/15/2018     2.000
STATION CASINOS       6.875%     3/1/2016     1.500
STATION CASINOS       7.750%    8/15/2016    13.250
THORNBURG MTG         8.000%    5/15/2013     2.080
TIMES MIRROR CO       7.250%     3/1/2013    30.750
TOUSA INC             7.500%    3/15/2011     8.313
TOUSA INC             7.500%    1/15/2015     8.563
TOUSA INC             9.000%     7/1/2010    72.750
TOUSA INC             9.000%     7/1/2010    70.500
TOUSA INC            10.375%     7/1/2012     8.000
TRANSMERIDIAN EX     12.000%   12/15/2010     7.500
TRIBUNE CO            4.875%    8/15/2010    32.494
TRUMP ENTERTNMNT      8.500%     6/1/2015     1.000
VERASUN ENERGY        9.375%     6/1/2017     6.625
WASH MUT BANK FA      5.125%    1/15/2015     0.450
WASH MUT BANK FA      5.650%    8/15/2014     0.240
WASH MUT BANK NV      5.500%    1/15/2013     0.250
WASH MUT BANK NV      5.550%    6/16/2010    43.500
WASH MUT BANK NV      5.950%    5/20/2013     0.395
WCI COMMUNITIES       7.875%    10/1/2013     3.313
WCI COMMUNITIES       9.125%     5/1/2012     1.000



                           *********

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.  Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Howard
C. Tolentino, 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 2010.  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 ***