TCR_Public/100408.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, April 8, 2010, Vol. 14, No. 96

                            Headlines

944 MEDIA: Files for Bankruptcy in Los Angeles
ACCREDITED HOME: At Impasse with Lone Star on Plan
AFFINITY GROUP: Net Loss Drops to $52.7 Million in 2009
AGT CRUNCH: Said to Resolve Fee Dispute with U.S. Trustee
AMERICAN NATURAL: Earns $24 Million in 2009

AMR CORP: American Airlines Reports March 2010 Traffic
AMR CORP: American Improves NYC Service, Has Tie-up With JetBlue
AVISTAR COMMUNICATIONS: JPMorgan Facility Reduced to $5 Million
AVISTAR COMMUNICATIONS: Posts 3rd Consecutive Net Loss for 2009
B-NWI1, LLC: Voluntary Chapter 11 Case Summary

BANKUNITED FINANCIAL: Wants Exclusivity Until Tax Return Filed
BAOSHINN CORP: Reports $5,159 Net Income in 2009
BAYOU GROUP: To Pay Administrative Fees to Lawyers
BIOJECT MEDICAL: Faces Q2 Cash Crunch; Going Concern Doubt Raised
BIOLIFE SOLUTIONS: Peterson Sullivan Raises Going Concern Doubt

BLOCKBUSTER INC: Annual Stockholders' Meeting on May 26
BLOCKBUSTER INC: CEO Keyes Gets $400,000 Cash Bonus for 2009
BLOCKBUSTER INC: Enters Into New Pacts With Fox, Sony & Warner
BLUEKNIGHT ENERGY: Wells Fargo Waives Going Concern Violation
BRAD WATKINS: Case Summary & 20 Largest Unsecured Creditors

BRITISH AMERICAN: Bahamian Case Not Foreign Main Proceeding
CALYPTE BIOMEDICAL: Dec. 31 Balance Sheet Upside-Down by $15.1MM
CALVARY BAPTIST: Files for Bankruptcy in Georgia
CAPITAL GROWTH: Asher & Company Raises Going Concern Doubt
CAPMARK FINANCIAL: DFR Approved as Fee Examiner

CAPMARK FINANCIAL: Use of Up to $10MM Cash Collateral Approved
CATALYST PAPER: To Restart Production at Crofton NBSK Mill in May
CF INDUSTRIES: Moody's Assigns 'Ba3' Corporate Family Rating
CHA HAWAII: Taps Gemino for Possible Financing
CHRYSLER LLC: Confirmation Hearing Further Moved to April 20

CHRYSLER LLC: Asks AMC Retirees to Produce Data
CHRYSLER LLC: Proposes to Settle Tax Dispute with New Jersey
CHRYSLER LLC: Cash Collateral Use End Date Extended Until Apr. 30
COATES INT'L: Meyler & Company Raises Going Concern Doubt
COMVEST LTD.: Case Summary & 20 Largest Unsecured Creditors

CORUS BANKSHARES: Delays Filing of 2009 Annual Report on Form 10-K
CRESCENT RESOURCES: Taps UBS and Aladdin as Lead Arrangers
CREDITWEST CORP: Files for Chapter 11 in Santa Rosa, California
DELTA MUTUAL: Delays Filing of 2009 Annual Report on Form 10-K
DERIK JOHN HART: Case Summary & 14 Largest Unsecured Creditors

DOMINO'S PIZZA: Annual Shareholders' Meeting on April 28
DUNHILL ENTITIES: Gets Interim OK to Hire Silver as Bankr. Counsel
DUNHILL ENTITIES: Sec. 341(a) Meeting Scheduled for May 4
DUNHILL ENTITIES: Proposes Arc Terminals-Led Auction for Assets
DUNHILL ENTITIES: Gets Interim OK to Use Arc's Cash Collateral

DYNEGY HOLDINGS: Moody's Reviews 'B2' Corporate Family Rating
E*TRADE FIN'L: Annual Stockholders' Meeting on May 13
E*TRADE FIN'L: Eliminates Series A and B Preferred Stock
DYNEGY HOLDINGS: Moody's Reviews 'B2' Corporate Family Rating
EDMUND LANE: Voluntary Chapter 11 Case Summary

EIGEN INC: Court Extends Filing of Schedules Until May 14
EIGEN INC: Organizational Meeting to Form Panel on April 13
EIGEN INC: Sec. 341(a) Meeting Scheduled for May 7
EIGEN INC: Taps Polsinelli Shughart as Bankruptcy Counsel
ELECTRICAL COMPONENTS: Filing of Schedules Extended to May 29

ENVIRONMENTAL INFRASTRUCTURE: Delays Filing of 2009 Form 10-K
EPV SOLAR: April 12 Hearing on Cash Collateral Use
FANNIE MAE: Looks to Start Using Swaps Clearinghouse
FEY 240: To Pay Creditors from Sale or Refinancing
FORD MOTOR: UAW Trust Closes Sale of 362,391,305 Warrants

FORD MOTOR: Sells $1.75 Billion of 5-Year Bonds
FREDDIE MAC: Looks to Start Using Swaps Clearinghouse
GATEHOUSE MEDIA: Launches Online Rewards and Shopping Platform
GENERAL GROWTH: Seeks Approval of $6.5-Bil. Investment Deals
GENERAL GROWTH: Investors Expect Rival Proposal from Simon

GENERAL MOTORS: UAW Files Suit for $450-Mil. of Retiree Costs
GENESCO INC: S&P Raises Corporate Credit Rating to 'BB-'
GEORGE W. PARK: Case Summary & 20 Largest Unsecured Creditors
GERALD LEE BYBEE: Case Summary & 20 Largest Unsecured Creditors
GERARD LOMBARDO: Case Summary & 8 Largest Unsecured Creditors

GLOWPOINT INC: Reports $547,000 Net Loss for 2009
GOTTSCHALKS INC: GE Credit Objects to Turnover of Funds
GULF COAST REFERRAL: Case Summary & 13 Largest Unsecured Creditors
HANDICAPPED SALES: Case Summary & 6 Largest Unsecured Creditors
HOLDINGS GAMING: Moody's Downgrades Corp. Family Rating to 'Caa3'

HOTEL EQUITY V: Wells Fargo Seeks Dismissal of Involuntary Case
HOTELS UNION: Control of W Hotel Union Square Questioned
HOUSTON MISSION: Voluntary Chapter 11 Case Summary
HOW AND WEN INC: Case Summary & 6 Largest Unsecured Creditors
IMPERIAL CAPITAL: Can Sell Automobiles "As-Is, Where-Is"

INTELSAT SA: John Joyce Steps Down as Director
JACKSON & PERKINS: Case Summary & 20 Largest Unsecured Creditors
JACOBS ENTERTAINMENT: Moody's Cuts Corp. Family Rating to 'B3'
JAMES EARL NUNLEY: Case Summary & 6 Largest Unsecured Creditors
JG ORBIS CORPORATION: Case Summary & 20 Largest Unsec. Creditors

JOSE CASANOVA: Case Summary & 20 Largest Unsecured Creditors
JOSEPH RUBY: Voluntary Chapter 11 Case Summary
JUDEMYR GLEMAUD: Voluntary Chapter 11 Case Summary
KENDALL LAND: Case Summary & 10 Largest Unsecured Creditors
LAWRANCE DALE GREEN: Case Summary & 5 Largest Unsecured Creditors

LEAP WIRELESS: CFO to Present at Goldman Sachs Confab on April 14
LIN TELEVISION: Moody's Assigns 'Ba3' Rating on $200 Mil. Notes
LIN TV: S&P Assigns Corporate Credit Rating at 'B-'
LISA WILLIAMS-GELBARD: Case Summary & 12 Largest Unsec. Creditors
LENNY DYKSTRA: Court Rejects Bid to Dismiss Bankruptcy Case

LONG BOW: Case Summary & 20 Largest Unsecured Creditors
MACHNE MENACHEM: Most Advances from Director Were Gifts
MANTECH INTERNATIONAL: S&P Assigns 'BB+' Corporate Credit Rating
MARK ALLEN WYNNE: Case Summary & 7 Largest Unsecured Creditors
MARK LAY: Case Summary & 20 Largest Unsecured Creditors

MASSEY ENERGY: S&P Puts 'BB-' Rating on CreditWatch Negative
MEDICAL CONNECTIONS: Acquires Trustaff Management
MERGE HEALTHCARE: Moody's Assigns 'B2' Corporate Family Rating
MERGE HEALTHCARE: S&P Assigns 'B' Corporate Credit Rating
MERITAGE HOMES: Fitch Assigns 'BB-/RR3' Rating on $200 Mil.  Notes

MERITAGE HOMES: Moody's Affirms 'B1' Corporate Family Rating
MERITAGE HOMES: S&P Assigns 'B+' Rating on $200 Mil. Notes
MERVYN'S LLC: Target Corp. Loses Motion to Dismiss Lawsuit
METALS USA: Delays IPO of 10,526,315 Common Shares
METALS USA: Expects $480-Mil. Net Debt at End of March 31 Qtr

METALS USA: Implements 1.7431-for-1 Split of Common Stock
MORRIS PUBLISHING: Dec. 31 Balance Sheet Upside-Down by $314.8MM
NEENAH ENTERPRISES: Files Pre-Negotiated Bankruptcy Exit Plan
NEW LEAF: Mayer Hoffman Raises Going Concern Doubt
NEWLEAD HOLDINGS: Delays Plan to Issue $500,000,000 in Securities

NEXSTAR BROADCASTING: S&P Affirms 'B-' Corporate Credit Rating
NORTH AMERICAN: Voluntary Chapter 11 Case Summary
NOVELOS THERAPEUTICS: Dec. 31 Balance Sheet Upside-Down by $26.9MM
NVT HOLDINGS: S&P Withdraws 'B-' Corporate Credit Rating
PAL FAMILY CREDIT: Two-Party Dispute Chapter 11 Case Dismissed

PANIOLO CABLE: Moody's Withdraws Ratings on Senior Notes
PHILADELPHIA NEWSPAPERS: Creditors Fail to Halt April 27 Auction
PHILLIP JONES: Case Summary & 11 Largest Unsecured Creditors
PPM TECHNOLOGIES: Seeks Chapter 11 Protection in Chicago
RATHGIBSON INC: GE Capital Objects to Ch. 11 Exit Plan

PHILLIP JONES: Case Summary & 11 Largest Unsecured Creditors
SAINT VINCENT'S: To Stop Operations After More Than 160 Years
SPHERIX INC: Grant Thornton Raises Going Concern Doubt
STAY 190: Files for Chapter 11 Protection in Texas
SUNSHINE THREE: Debtor's Equitable Subordination Argument Fails

TACO DEL MAR: Gets Nod to Hire Karr Tuttle as Bankruptcy Counsel
TRIBUNE CO: Proposes April 30 Exclusivity Extension
TRIBUNE CO: Proposes to Settle with California Tax Board
TRIBUNE CO: Has Income Taxes Settlement with Connecticut
TROPICANA ENT: Adamar's Admin. Claims Bar Date Set for Apr. 22

TROPICANA ENT: Auditor Delivers Final Report on Fee Applications
TROPICANA ENT: Tropicana LV Names J. Peru as VP of Sales
UAL CORP: Said to Be in Merger Talks with US Air
US AIRWAYS: Said to Be in Merger Talks with United Air
VALUE CITY: Files Amended Plan of Liquidation

WENSONS PROPERTY: Case Summary & 4 Largest Unsecured Creditors
WARREN DRONEBARGER: Voluntary Chapter 11 Case Summary
WEST SHORE: Files List of Five Largest Unsecured Creditors
WEST SHORE: Sec. 341(a) Meeting Scheduled for May 3
WISE METALS: December 31 Balance Sheet Upside-Down by $380.4MM

* Chapter 11 Cases with Assets & Liabilities Below $1,000,000


                            *********


944 MEDIA: Files for Bankruptcy in Los Angeles
----------------------------------------------
Dow Jones' Daily Bankruptcy Review reports that 944 Media LLC
filed for bankruptcy protection on Tuesday before the U.S.
Bankruptcy Court in Los Angeles.  The company is facing two
lawsuits in Arizona, the report says.

According to Dow Jones, Anita-Marie Laurie, a spokeswoman for 944
Media, said Wednesday that one of the lawsuits was filed by
partners that helped produce the 944 Super Village for the 2008
Super Bowl in Arizona.  The event, which touted entertainment and
celebrity guests, didn't end up being "financially profitable" for
either company, Ms. Laurie said. Nevertheless, 944 Media got a lot
of press out of the event and its partners are "trying to monetize
that value."  The other lawsuit involves a relationship with
another partner, she said.

According to Dow Jones, although the bankruptcy filing halts the
lawsuits, Ms. Laurie said they "will get settled by the bankruptcy
process."  In the meantime, Ms. Laurie says that business will
continue as usual at 944 Media. 944 Magazine will continue to be
published in 10 different markets in the U.S., while www.944.com
will keep providing viewers with content such as its Top 9 lists.


ACCREDITED HOME: At Impasse with Lone Star on Plan
--------------------------------------------------
Accredited Home Lenders Holding Co. is asking the Bankruptcy Court
to extend until November 1 its exclusive period to propose a
Chapter 11 plan.  A hearing on the request is scheduled for April
21.

According to Bill Rochelle at Bloomberg News, Accredited Home says
negotiations on a Chapter 11 plan are at "impasse."  The indenture
trustee for junior subordinated noteholders sued the owner Lone
Star Funds, alleging fraudulent representations were made in
connection with the $300 million acquisition in 2007.  Since then,
there were negotiations on a Chapter 11 plan that failed.  The
company says that the noteholders asked to hold up the plan
process for at least three months.

                     About Accredited Home

Accredited Home Lenders Holding Co. -- http://www.accredhome.com/
-- is a mortgage banker servicing U.S. markets for conforming and
non-prime residential mortgage loans operating throughout the U.S.
and in Canada.  Founded in 1990, the company is headquartered in
San Diego.  The Company was acquired by Lone Star Funds for
$300 million in October 2007.  Lone Star also owns Bruno's
Supermarkets LLC and Bi-Lo LLC, two grocery retailers in Chapter
11.

Accredited Home and its affiliates filed for Chapter 11 on May 1,
2009 (Bankr. D. Del. Lead Case No. 09-11516).  Gregory G. Hesse,
Esq., Lynnette R. Warman, Esq., and Jesse T. Moore, Esq., at
Hunton & William LLP, represent the Debtors as counsel.  Laura
Davis Jones, Esq., James E. O'Neill, Esq., and Timothy P. Cairns,
Esq., at Pachulski Stang Ziehl & Jones LLP, serve as Delaware
counsel.  Kurtzman Carson Consultants is the Debtors' claims
agent.  Andrew I Silfen, Esq., Schuyler G. Carroll, Esq., Robert
M. Hirsch, Esq., at Arent Fox LLP in New York, and Jeffrey N.
Rothleder, Esq., at Arent Fox LLP in Washington, DC, represent the
official committee of unsecured creditors as co-counsel.  Neil R.
Lapinski, Esq., and Shelley A. Kinsella, Esq., at Elliott
Greenleaf, represent the Committee as Delaware and conflicts
counsel.

According to its bankruptcy petition, Accredited Home's assets
range from $10 million to $50 million and its debts from
$100 million to $500 million.


AFFINITY GROUP: Net Loss Drops to $52.7 Million in 2009
-------------------------------------------------------
Affinity Group Holding, Inc., filed on March 31, 2010, its annual
report on Form 10-K for the year ended December 31, 2009.

The Company's balance sheet as of December 31, 2009, showed
$224.3 million in assets and $563.1 million of debts, for a
stockholders' deficit of $338.8 million.

The Company reported a net loss of $52.7 million on $471.8 million
of revenue for 2009, compared with a net loss of $125.3 million on
$526.1 million of revenue for 2008.  Loss from operations amounted
to $23.8 million in 2009, which included $46.9 million of non-cash
impairment charges.

At December 31, 2009, the Company had debt totaling
$390.7 million, comprised of $8.9 million of variable rate debt
and $381.8 million of fixed rate debt, which consists of
$120.0 million of debt fixed through the interest rate swap
agreement, $137.8 million of AGI Senior Notes, $9.7 million of
Second Lien Loan, $1.0 million of debt owed to SA Holding, Inc.,
$112.3 million of AGHI Notes and $1.0 million of purchase debt.

With respect to the AGHI Notes, AGI has not paid any dividends to
AGHI to fund payment of interest on the AGHI Notes.  Currently,
the Senior Credit Facility and the AGI Indenture impose
limitations on the ability of subsidiaries of AGHI to make
dividend distributions or loans to AGHI to pay interest on the
AGHI Notes.  Interest on the AGHI Notes is payable semi-annually
on February 15 and August 15.  AGHI has made the interest payments
through February 15, 2010, through issuance of additional notes,
from proceeds of capital contributions made by AGHI's parent,
AGHC, and from forgiven interest on bonds held by a related party.
The August 15, 2010 interest payment is expected to be paid from
proceeds of a capital contributions made by AGHC.

On March 1, 2010, AGI entered into the second amended and restated
credit agreement to refinance its existing senior credit facility
which was scheduled to mature on March 31, 2010, the Second Lien
Loan totaling $9.7 million due July 31, 2010, and the SA Loans.

The Company believes that the AGI New Senior Credit Facility and
the new $22.0 million Camping World, Inc. asset based lending
facility, as well as forecasted cash flow will provide the cash
flow needed to continue as a going concern through at least
January 1, 2011.

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

               http://researcharchives.com/t/s?5e89

Ventura, Calif.-based Affinity Group Holding, Inc. is a holding
company and the direct parent of Affinity Group, Inc.  The Company
is an indirect wholly-owned subsidiary of AGI Holding Corp, a
privately-owned corporation.  The Company is a member-based direct
marketing organization targeting North American recreational
vehicle owners and outdoor enthusiasts.  In addition, the Company
is a specialty retailer of RV-related products.  The Company
operates through three principal lines of business, consisting of
(i) club memberships and related products and services, (ii)
subscription magazines and other publications including
directories, and (iii) specialty merchandise sold primarily
through the Company's 78 Camping World retail stores, mail order
catalogs and the Internet.

                          *     *     *

As reported in the Troubled Company Reporter on April 6, 2010,
Standard & Poor's Ratings Services said it raised its ratings on
Affinity Group Holding, Inc. and its operating subsidiary Affinity
Group, Inc.  S&P raised its corporate credit rating on the company
to 'CCC' from 'D' and raised its issue-level rating on AGHI's
10.875% senior notes due 2012 to 'CC' (two notches lower than the
'CCC' corporate credit rating on the company) from 'D'.  The
recovery rating on this debt remains unchanged at '6', indicating
S&P's expectation of negligible (0%-10%) recovery in the event of
a payment default.

In addition, S&P raised its issue-level rating on Affinity Group,
Inc.'s 9% senior subordinated notes due 2012 to 'CC' (two
notches lower than the 'CCC' corporate credit rating on the
company) from 'C'.  S&P revised the recovery rating on this debt
to '6' from '5'.  The revision of the recovery rating on the 9%
senior subordinated notes due 2012 reflects the increase in
secured debt following the refinancing of its credit agreement and
the company entering into a new asset-based revolving credit
facility.  The recovery rating of '6' indicates S&P's expectation
of negligible (0%-10%) recovery in the event of a payment default.

"The 'CCC' corporate rating reflects the company's thin liquidity,
modest EBITDA coverage of interest, and declining operating
performance," said Standard & Poor's credit analyst Tulip Lim.  It
also reflects S&P's concern that the company's margin of
compliance with covenants could diminish this year, that
discretionary cash flow may be weak in 2010, and that the company
may not be able to absorb the cost of an amendment, should it
require covenant relief.


AGT CRUNCH: Said to Resolve Fee Dispute with U.S. Trustee
---------------------------------------------------------
Bankruptcy Law360 reports that the U.S. trustee for Crunch fitness
club owner AGT Wind Down Acquisition LLC has apparently resolved a
dispute involving more than $400,000 in fees requested by Dechert
LLP and other firms retained by the bankrupt gym operator.

AGT Crunch Acquisition Co. and its affiliates operated the Crunch
Fitness chain of 19 high-end fitness clubs.  The clubs, with
73,000 members, are located in New York, Chicago, Los Angeles and
Rock Creek, Maryland.  New York-based AGT Crunch Acquisition LLC
and its affiliates filed for Chapter 11 on May 6, 2009 (Bankr.
S.D.N.Y. Lead Case No. 09-12889).  Davin J. Hall, Esq., at Dechert
LLP, represents the Debtors in their restructuring efforts.  Diana
G. Adams, the U.S. Trustee for Region 2, appointed seven creditors
to serve on the official committee of unsecured creditors.

The petition listed assets of $104 million against $102 million in
total liabilities.  Debt includes $56.7 million on a first-lien
loan now mostly owned by Angelo Gordon affiliates.  There is a
second-lien debt for another $22.7 million.


AMERICAN NATURAL: Earns $24 Million in 2009
-------------------------------------------
American Natural Energy Corporation filed its annual report on
Form 10-K, showing net income of $24.0 million on $1.1 million of
revenue for 2009, compared with a net loss of $61,498 on
$2.2 million of revenue for 2008.  The Company recorded a gain of
$28 million for 2009 as the result of a gain on extinguishment of
debt related to the re-purchase of the Company's 8% Secured
Debentures, and a settlement on debt owed to Dune Energy.

The Company's balance sheet as of December 31, 2009, showed
$18.6 million in assets, $9.6 million of debts, and $9.0 million
of stockholders' equity.

MaloneBailey, LLP, in Houston, expressed substantial doubt about
the Company's ability to continue as a going concern.  The
independent auditors noted that the Company has substantial cash
used for operating activities during 2009, has a working capital
deficiency and an accumulated deficit at December 31, 2009.

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

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

American Natural Energy Corporation (TSX Venture: ANR.U) is a
Tulsa, Oklahoma-based independent exploration and production
company with operations in St. Charles Parish, Louisiana.



AMR CORP: American Airlines Reports March 2010 Traffic
------------------------------------------------------
American Airlines reported a March load factor of 81.7%, an
increase of 2.6 points versus the same period last year.  Traffic
increased 2.5% and capacity decreased 0.7% year over year.
Domestic traffic increased 1.8% year over year on 0.8% more
capacity.  International traffic increased 3.9% relative to last
year on a capacity decrease of 3.1%.  American boarded 7.5 million
passengers in March.

A full-text copy of American's report is available at no charge
at http://ResearchArchives.com/t/s?5ed8

                       About AMR Corporation

Headquartered in Forth Worth, Texas, AMR Corporation (NYSE:
AMR) operates with its principal subsidiary, American Airlines
Inc. -- http://www.aa.com/-- a worldwide scheduled passenger
airline.  At the end of 2006, American provided scheduled jet
service to about 150 destinations throughout North America, the
Caribbean, Latin America, including Brazil, Europe and Asia.
American is also a scheduled airfreight carrier, providing
freight and mail services to shippers throughout its system.

Its wholly owned subsidiary, AMR Eagle Holding Corp., owns two
regional airlines, American Eagle Airlines Inc. and Executive
Airlines Inc., and does business as "American Eagle."  American
Beacon Advisors Inc., a wholly owned subsidiary of AMR, is
responsible for the investment and oversight of assets of AMR's
U.S. employee benefit plans, as well as AMR's short-term
investments.

At Dec. 31, 2009, AMR reported total assets of $25.438 billion,
including total current assets of $6.642 billion; against total
current liabilities of $7.728 billion, long-term debt, less
current maturities of $9.984 billion, obligations under capital
leases, less current obligations of $599 million, other
liabilities and credits of $10.616 billion; resulting in
stockholders' deficit of $3.489 billion.

                           *     *     *

AMR carries a 'CCC' issuer default rating from Fitch Ratings.  It
has 'Caa1' corporate family and probability of default ratings
from Moody's.  It has 'B-' corporate credit rating, on watch
negative, from Standard & Poor's.


AMR CORP: American Improves NYC Service, Has Tie-up With JetBlue
----------------------------------------------------------------
AMR Corp.'s American Airlines last week announced plans to add
seven new destinations served by 23 additional flights to and from
New York's two airports, to bolster its service for customers in
New York, enhance the travel experience with upgraded aircraft,
and provide customers with improved terminal facilities.

American also designated a new officer position that will have
responsibility for airport operations and broad oversight of all
the company's activities in the New York market.

In addition, American announced an agreement with JetBlue Airways
that will offer JetBlue customers simple connections to American's
international flights and new convenient domestic flight options
on JetBlue for American's customers in and out of New York and
Boston.

American believes the network initiatives will build passenger
demand for its international network to Europe, Asia and South
America, including its joint business with British Airways and
Iberia between North America and Europe, which is expected to be
approved by regulators and implemented later this year.  When it
is able to consult with British Airways and Iberia following
regulatory approval, American expects to announce new
international destinations to be added in 2011 at John F. Kennedy
International Airport.

The enhancements build on American's "cornerstone" network
strategy announced in September 2009.  The strategy bolsters
American's network in the New York, Dallas/Fort Worth, Chicago,
Miami, and Los Angeles markets.  The markets represent top U.S.
commerce centers and are significant international gateways, which
provide the best connections to American's global network and the
networks of its partner airlines in the oneworld(R) Alliance.

Separately, American announced an expansion of marketing efforts
with NYC & Company, the city's official marketing, tourism and
partnership organization, to ensure that its valued customers in
New York are aware of the latest improvements and future
initiatives.  American will work more closely with the city to
attract additional visitors to New York City, an important shared
goal for American and NYC & Company.

                         JetBlue Agreement

American Airlines and JetBlue Airways announced an agreement for
commercial collaboration in New York and Boston that benefits
customers of both airlines.  The agreement will provide customers
with interline service in non-overlapping markets, which will
offer them more choices and convenient connections.  The companies
are also exploring other commercial cooperation.  The partnership
will focus on routes into and out of JFK and Boston Logan
International Airport that extend and complement each others'
networks.

Under terms of the agreement, American intends to transfer eight
slot pairs at Ronald Reagan National Airport and one slot pair at
White Plains, N.Y. to JetBlue, and JetBlue intends to transfer 12
slot pairs at JFK to American.

            New Routes with American and American Eagle

Starting in summer 2010, American and American Eagle will expand
the routes and service they offer customers from New York.
Including previously announced additions, by year end at LaGuardia
and JFK combined, American and American Eagle will add 31 total
flights to and from 13 additional routes, bringing total NYC
departures to 216 and unique destinations to 63.  The announcement
includes seven new destinations served on 23 new roundtrip
flights.  When combined with new options for travel on JetBlue,
American's New York customers will have access to 81 unique
destinations on 271 nonstop flights by the end of 2010.  In
addition, American serves four destinations with 18 daily
departures out of Newark (N.J.) Liberty International Airport.

                            LaGuardia

New American Eagle Bombardier CRJ-700 airplanes, outfitted with
First Class as well as new Coach Class seats, will fly new routes
from LaGuardia to Minneapolis-St. Paul four times daily, to
Atlanta seven times daily, and five times daily to Charlotte, N.C.
The CRJ-700s will also be used to fly existing routes from
LaGuardia to Toronto and Raleigh-Durham, N.C., giving passengers
in those markets access to First Class service.

American will also increase mainline daily flights to and from
Miami and Chicago from LaGuardia. In sum, the new flights expand
American's domestic network and give the airline's most important
customers direct access to the top business markets as well as
giving leisure travelers new, competitive options. The initiative
also increases the number of seats available in busy existing
markets.

                                JFK

American begins service in April and May to San Jose, Costa Rica;
Madrid, Spain; and Manchester, England. Previously announced non-
stop service to Austin, Texas, will begin in July.

American also announced it will add twice-daily, nonstop service
to and from Fort Lauderdale, Fla., in November and increase daily
frequencies to Orlando, Fla.; Las Vegas, Nev.; and Miami effective
in November.

American Eagle previously announced daily round-trip service on
regional jets to and from Columbus, Ohio, and St. Louis.  American
Eagle announced twice-daily service to and from both Indianapolis,
Ind., and Cincinnati, Ohio.  In addition, American Eagle will
begin one flight daily to and from Norfolk, Va.  Those new flights
will use Embraer regional jets and are slated to begin by year
end.  They will be assigned times so that customers can make easy
connections to American's international flights.  The airline will
also assign the two-class CRJ-700s to upgrade existing routes from
JFK, offering First Class service to Washington Reagan, Boston,
and Toronto starting in early 2011.

All of the schedule changes for this year are reflected in the
Company's existing seating capacity guidance for 2010.

               LGA and JFK Facilities Improvements,
          Potential Co-Location of BA in JFK's Terminal 8

American plans several improvements to its facilities at LaGuardia
in addition to the Concourse D checkpoint expansion it completed
in 2008 and the current installation of escalators to the baggage
claim area.  American has recently selected an architectural firm
to undertake an extensive refurbishment of its LaGuardia Admirals
Club location, which will include an upgrade of all of the club
furnishings and finishes, as well as renovation of the restrooms
and expansion of the seating areas.  The interior of Concourse D
will be renovated over a two-year period with all new ceilings,
lighting, terrazzo flooring, wall panels and flight information
displays.  Once completed, these renovations will give the
concourse a fresher, more open, and brighter feel.

After the Concourse D renovations are completed, American
anticipates undertaking similar renovations in its Concourse C
gate areas.  American estimates the total cost of these LaGuardia
improvements to be approximately $30 million.

American is currently looking at various options to connect the
two concourses on the secure side of the terminal to allow its
passengers flying out of Concourse C to easily access the
Concourse D Admirals Club location.

At JFK, American has put out to bid a 3,000 square foot expansion
of its existing 11,000 square foot Concourse C Admirals Club,
along with some reconfiguration and refurbishment of the club,
which was opened in 2005.

American Airlines and British Airways are currently evaluating a
proposal by the Port Authority of New York and New Jersey to
develop an expansion of the new state-of-the-art $1.3 billion
international Terminal 8 to allow the airlines to co-locate their
operations.  Terminal 8 was designed by American expressly to meet
the needs of modern customers traveling internationally, and the
potential expansion and joint operation of the facility by
American and British Airways would allow quick and easy customer
connections from airline to airline.  If agreeable financial terms
can be reached with the Port, the potential co-location would
benefit not only the airlines and their customers but the Port
itself, which has been exploring various ways to expand JFK gate
capacity.

             Expanded Marketing and Advertising Plans,
                  Partnership with NYC & Company

To ensure that American's customers are aware of its New York-
market enhancements, the company plans a more comprehensive
marketing and advertising effort in the region.  In addition to
advertising that is already planned, American has signed a
partnership agreement with NYC & Company.

Through the partnership, American and NYC & Company will work
together to promote the airline to the many local residents who
travel for business and leisure.  At the same time, American and
NYC & Company will work to attract more travelers to New York City
-- one of the city's most important priorities and a key to its
economic vitality.  Efforts will include cross-promotional and
sponsorship opportunities that highlight American's extensive
domestic and global network, as well as its extended global
network through the oneworld Alliance to help bring new visitors
to New York City and encourage them to stop over and stay.

                       About AMR Corporation

Headquartered in Forth Worth, Texas, AMR Corporation (NYSE:
AMR) operates with its principal subsidiary, American Airlines
Inc. -- http://www.aa.com/-- a worldwide scheduled passenger
airline.  At the end of 2006, American provided scheduled jet
service to about 150 destinations throughout North America, the
Caribbean, Latin America, including Brazil, Europe and Asia.
American is also a scheduled airfreight carrier, providing
freight and mail services to shippers throughout its system.

Its wholly owned subsidiary, AMR Eagle Holding Corp., owns two
regional airlines, American Eagle Airlines Inc. and Executive
Airlines Inc., and does business as "American Eagle."  American
Beacon Advisors Inc., a wholly owned subsidiary of AMR, is
responsible for the investment and oversight of assets of AMR's
U.S. employee benefit plans, as well as AMR's short-term
investments.

At Dec. 31, 2009, AMR reported total assets of $25.438 billion,
including total current assets of $6.642 billion; against total
current liabilities of $7.728 billion, long-term debt, less
current maturities of $9.984 billion, obligations under capital
leases, less current obligations of $599 million, other
liabilities and credits of $10.616 billion; resulting in
stockholders' deficit of $3.489 billion.

                           *     *     *

AMR carries a 'CCC' issuer default rating from Fitch Ratings.  It
has 'Caa1' corporate family and probability of default ratings
from Moody's.  It has 'B-' corporate credit rating, on watch
negative, from Standard & Poor's.


AVISTAR COMMUNICATIONS: JPMorgan Facility Reduced to $5 Million
---------------------------------------------------------------
Avistar Communications Corporation, as borrower, on March 25,
2010, entered into an amendment to the second amended and restated
revolving credit promissory note agreement with JPMorgan Chase
Bank, N.A., as lender.  The second amended and restated revolving
credit promissory note agreement provided a maximum line of credit
facility amount of (i) $11.25 million from December 22, 2009,
through and including March 30, 2010; and (ii) $6.0 million
for the remainder of the period through the maturity date on
December 21, 2010.

The primary purpose of the Amendment is to modify the maximum line
of credit facility amount for the entire period from February 22,
2010 through the maturity date to $5.0 million.  As of March 25,
2010, the total principal amount borrowed by Avistar under the
credit facility was $1.1 million.

                   About Avistar Communications

Headquartered in San Mateo, California, Avistar Communications
Corporation (Nasdaq: AVSR) -- http://www.avistar.com/-- holds a
portfolio of 80 patents for inventions in video and network
technology and licenses IP to videoconferencing, rich-media
services, public networking and related industries.  Current
licensees include Sony Corporation, Sony Computer Entertainment
Inc. (SCEI), Polycom Inc., Tandberg ASA, Radvision Ltd. and
Emblaze-VCON.

At December 31, 2009, the Company had total assets of $1,956,000
against total liabilities of $15,570,000, resulting in
stockholders' deficit of $13,614,000.  At December 31, 2008, the
Company had stockholders' deficit of $14,629,000.


AVISTAR COMMUNICATIONS: Posts 3rd Consecutive Net Loss for 2009
---------------------------------------------------------------
Avistar Communications Corporation on March 30, 2010, filed with
the Securities and Exchange Commission its Annual Report on Form
10-K for the fiscal year ended December 31, 2009.

At December 31, 2009, the Company had total assets of $1,956,000
against total liabilities of $15,570,000, resulting in
stockholders' deficit of $13,614,000.  At December 31, 2008, the
Company had stockholders' deficit of $14,629,000.

The Company posted a net loss for the third consecutive year,
reporting a net loss of $3,987,000 for 2009 from a net loss of
$6,384,000 for 2008 and a net loss of $2,938,000 for 2007.  Total
revenue was $8,824,000 for 2009 from $8,755,000 for 2008 and
$11,955,000 for 2007.

On January 19, 2010, the Company entered into a patent license
agreement with Springboard Group S.A.R.L. ("SKYPE").  Under the
Agreement, the Company granted to SKYPE for the lives of the
patents, a royalty-free, irrevocable, non-exclusive license under
certain patents to make, have made (subject to certain
limitations), use, import or export, offer to sell, sell, lease,
license, or otherwise transfer or distribute certain licensed
products.  These granted rights and license include rights for
authorized entities and end users of SKYPE to form combinations
with other products for certain authorized purposes.  As
consideration for the license, the Company received a payment of
$3.0 million from SKYPE on January 25, 2010.

On January 21, 2010, the Company completed the sale of
substantially all of its U.S. patents and patent applications, and
related foreign patents and patent applications to Intellectual
Ventures Fund 61 LLC related to an agreement that was entered into
on December 18, 2009.  The Company received the purchase price of
$11.0 million from Intellectual Ventures on January 21, 2010.  The
Company also obtained a full grant-back license under the patent
portfolio from Intellectual Ventures.

A full-text copy of the Company's Annual Report on Form 10-K is
available at no charge at http://ResearchArchives.com/t/s?5eb0

                   About Avistar Communications

Headquartered in San Mateo, California, Avistar Communications
Corporation (Nasdaq: AVSR) -- http://www.avistar.com/-- holds a
portfolio of 80 patents for inventions in video and network
technology and licenses IP to videoconferencing, rich-media
services, public networking and related industries.  Current
licensees include Sony Corporation, Sony Computer Entertainment
Inc. (SCEI), Polycom Inc., Tandberg ASA, Radvision Ltd. and
Emblaze-VCON.

At December 31, 2009, the Company had total assets of $1,956,000
against total liabilities of $15,570,000, resulting in
stockholders' deficit of $13,614,000.  At December 31, 2008, the
Company had stockholders' deficit of $14,629,000.


B-NWI1, LLC: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: B-NWI1, LLC
        3455 Cliff Shadows Pkwy 220
        Las Vegas, NV 89129

Bankruptcy Case No.: 10-15774

Chapter 11 Petition Date: April 2, 2010

Court: U.S. Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Mike K. Nakagawa

Debtor's Counsel: Georganne W. Bradley, Esq.
                  Kaempfer Crowell et al.
                  3800 Howard Hughes Pkwy., Seventh Floor
                  Las Vegas, NV 89169
                  Tel: 702-792-7000
                  Fax: 702-796-7181
                  E-mail: gbradley@kcnvlaw.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 says that assets total
$2,568,000 while debts total $2,438,000.

The Company did not file a list of creditors together with its
petition.

The petition was signed by Thomas J. DeVore, Chief Operating
Officer of LEHM, LLC, Manager.


BANKUNITED FINANCIAL: Wants Exclusivity Until Tax Return Filed
--------------------------------------------------------------
BankUnited Financial Corp. is asking the Bankruptcy Court to
extend an April 18 deadline within which it has the exclusive
right to propose a Chapter 11 plan.  Bill Rochelle at Bloomberg
News reports that BankUnited says that tax attributes are among
the "most valuable assets."  BankUnited is in the process of
selecting tax advisers to prepare the return for the period ended
in September.  BankUnited says that a plan can't be worked out
until there is a good picture of the tax situation.  Therefore, it
wants the exclusivity extended until 90 days after the tax return
is filed.

                    About BankUnited Financial

BankUnited Financial Corp. (OTC Ticker Symbol: BKUNQ) --
http://www.bankunited.com/-- was the holding company for
BankUnited FSB, the largest banking institution headquartered in
Coral Gables, Florida.  On May 21, 2009, BankUnited FSB was closed
by regulators and the Federal Deposit Insurance Corporation
facilitated a sale of the bank to a management team headed by John
Kanas, a veteran of the banking industry and former head of North
Fork Bank, and a group of investors led by W.L. Ross & Co.
BankUnited, FSB, had assets of $12.8 billion and deposits of
$8.6 billion as of May 2, 2009.

The Company and its affiliates filed for Chapter 11 on May 22,
2009 (Bankr. S.D. Fla. Lead Case No. 09-19940).  Stephen P.
Drobny, Esq., and Peter Levitt, Esq., at Shutts & Bowen LLP; Mark
D. Bloom, Esq., and Scott M. Grossman, Esq., at Greenberg Traurig,
LLP; and Michael C. Sontag, at Camner, Lipsitz, P.A., represent
the Debtors as counsel.  Corali Lopez-Castro, Esq., David Samole,
Esq., at Kozyak Tropin & Throckmorton, P.A.; and Todd C. Meyers,
Esq., at Kilpatrick Stockton LLP, serve as counsel to the official
committee of unsecured creditors.

In its bankruptcy petition, BankUnited Financial Corp. said it has
assets of $37,729,520 against debts of $559,740,185.

Wilmington Trust Co., U.S. Bank, N.A., and the Bank of New York
were listed among the company's largest unsecured creditors in
their roles as trustees for security issues.  BankUnited estimated
the Bank of New York claim tied to convertible securities at
$184 million.  U.S. Bank and Wilmington Trust are owed
$120,000,000 and $118,171,000 on account of senior notes.


BAOSHINN CORP: Reports $5,159 Net Income in 2009
------------------------------------------------
Baoshinn Corporation filed its annual report on Form 10-K, showing
net income attributable to The Group of $5,159 on $24,307,739 of
revenue for 2009, compared with a net loss attributable to The
Group of $144,173 on $25,122,887 of revenue for 2008.

The Company's balance sheet as of December 31, 2009, showed
$1,963,279 in assets, $1,168,785 of debts, and $794,494 of
stockholders' equity.

Dominic K.F. Chan & Co., in Hong Kong, expressed substantial
doubt about the Company's ability to continue as a going concern.
The independent auditors noted that of the Company's accumulated
losses.

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

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

Based in Kowloon, Hong Kong, Baoshinn Corporation, through its
Hong Kong subsidiary, is a ticket consolidator of major
international airlines.  The Company provides travel services such
as ticketing, hotel and accommodation arrangements, tour packages,
incentive tours and group sightseeing.


BAYOU GROUP: To Pay Administrative Fees to Lawyers
--------------------------------------------------
Carla Main at Bloomberg News reports that the Unofficial Creditors
Committee of Bayou Group LLC won a partial victory on its request
before the U.S. Bankruptcy Court in White Plains, New York, that
the Debtor pay $677,829 in administrative expenses incurred by the
committee for legal work done before the petition was filed.

According to the report, the U.S. trustee, a creditor, and a group
of defendants who were earlier found liable for "substantial
avoidable transfers" from the debtor objected to the payment of
the fees.  The committee "expressly laid the groundwork for what
became the Chapter 11 case" and made a "substantial contribution,"
to the tasks of notifying creditors and obtaining the appointment
of a receiver and therefore met the requirements for payment of
pre-petition fees, U.S. Bankruptcy Judge Robert D. Drain wrote in
a 27-page opinion.

Bloomberg relates that Judge Drain found some "duplication of
efforts" among the firms representing the committee and reduced
the requested fees by $25,000 per firm.

                        About Bayou Group

Based in Chicago, Illinois, Bayou Group LLC operated and managed
hedge funds.  The hedge fund that turned out to be a Ponzi scheme
and a receiver was subsequently appointed.  The Company and its
affiliates were sent to Chapter 11 on May 30, 2006 (Bankr.
S.D.N.Y. Lead Case No. 06-22306) to pursue recoveries for the
benefit of defrauded investors.  Elise Scherr Frejka, Esq., at
Dechert LLP, represents the Debtors in their restructuring
efforts.  Joseph A. Gershman, Esq., and Robert M. Novick, Esq., at
Kasowitz, Benson, Torres & Friedman, LLP, represent the Official
Committee of Unsecured Creditors.  Kasowitz, Benson, Torres &
Friedman LLP is counsel to the Unofficial Committee of the Bayou
Onshore Funds.  Sonnenschein Nath & Rosenthal LLP represents
certain investors.  When the Debtors filed for protection from
their creditors, they reported estimated assets and debts of more
than $100 million.

Bayou has filed lawsuits against former investors who allegedly
received fictitious profits and an inequitably large return of
their principal investments.  Jeff J. Marwil, Esq., at Jenner &
Block, was appointed on April 28, 2006, as the federal equity
receiver.  The receiver commenced adversary proceedings to recover
certain fraudulent transfers made by Bayou Group to investors.

The Bayou fraud resulted in three guilty pleas. Daniel Marino, the
head of finance, was sentence to a 20-year prison term despite his
cooperation with prosecutors. James Marquez, a Bayou co-founder,
was sentenced to four years and three months in prison and told to
pay $6.2 million in restitution. Another founder, Samuel Israel
III, was sentenced to 20 years following his guilty plea in
September 2005.


BIOJECT MEDICAL: Faces Q2 Cash Crunch; Going Concern Doubt Raised
-----------------------------------------------------------------
Moss Adams LLP, in Portland, Oregon, in its March 30, 2010 report,
said Bioject Medical Technologies Inc. has suffered recurring
losses, has had significant recurring negative cash flows from
operations, and has an accumulated deficit that raise substantial
doubt about its ability to continue as a going concern.

At December 31, 2009, $150,000 was outstanding under a term loan
agreement with Partners For Growth, L.P., for convertible debt
financing.  The loan matured and was paid off in March 2010.  The
Company indicated that following repayment of the outstanding
debt, it did not have any debt outstanding.  However, even with
the sale of Series G Preferred shares and the related cash
investment in December 2009, given its current cash, its March
2010 debt repayment and its current rate of cash usage, if no new
licensing, development or supply agreements with significant up-
front payments are entered into, the Company anticipates it will
be unable to continue operations beyond the second quarter of
2010, unless it obtains additional debt or equity financing.

The Company posted a net loss of $1,079,210 for the year ended
December 31, 2009, from a net loss of $3,043,666 for 2008. Revenue
-- from net sales of products and licensing and technology fees --
was $6,691,991 for 2009 from $6,472,774 for 2008.

At December 31, 2009, the Company had total assets of $5,256,182
against total current liabilities of $2,237,619, deferred revenue
of $1,222,427 and other long-term liabilities of $348,161,
resulting in shareholders' equity of $1,447,975.  At December 31,
2009, the Company had accumulated deficit of $122,189,370.

A full-text copy of the Company's annual report on Form 10-K is
available at no charge at http://ResearchArchives.com/t/s?5eb2

                       About Bioject Medical

Bioject Medical Technologies Inc. (OTCBB: BJCT) --
http://www.bioject.com/-- based in Portland, Oregon, is an
innovative developer and manufacturer of needle-free injection
therapy systems.  The Company is focused on developing mutually
beneficial agreements with leading pharmaceutical, biotechnology,
and veterinary companies.


BIOLIFE SOLUTIONS: Peterson Sullivan Raises Going Concern Doubt
---------------------------------------------------------------
Peterson Sullivan LLP, in Seattle, Washington, in its March 30,
2010 report, said BioLife Solutions, Inc. has been unable to
generate sufficient income from operations to meet its operating
needs.  Additionally, the Company used $2.4 million in cash for
operating activities during the year ended December 31, 2009, and
has an accumulated deficit of $50 million at December 31, 2009.
These conditions raise substantial doubt about the Company's
ability to continue as a going concern.

BioLife reported a net loss of $2,768,352 for the year ended
December 31, 2009, from a net loss of $2,775,117 for 2008.  Total
revenue was $1,581,600 for 2009 and $1,322,497 for 2008.

At December 31, 2009, the Company had total assets of $1,333,958
against total liabilities of $9,160,940, resulting in
shareholders' deficiency of $7,826,982.

A full-text copy of the Company's annual report on Form 10-K is
available at no charge at http://ResearchArchives.com/t/s?5eb6

Bothell, Washington-based BioLife Solutions, Inc. develops and
markets patented hypothermic storage and cryopreservation
solutions for cells, tissues, and organs, and provides contracted
research and development and consulting services related to
optimization of biopreservation processes and protocols.


BLOCKBUSTER INC: Annual Stockholders' Meeting on May 26
-------------------------------------------------------
The 2010 annual meeting of stockholders of Blockbuster Inc. will
be held May 26, 2010, at 10:00 a.m., Central Time.  The meeting
will be held at 1201 Elm Street, 42nd floor, in Dallas, Texas.
Directors and officers of Blockbuster will be present to help host
the meeting.

The formal business to be transacted at the meeting includes:

     (1) the election of seven directors, each for a term ending
         on the date of the next annual meeting;

     (2) the ratification of compensation of certain named
         Executive Officers;

     (3) the ratification of the appointment of
         PricewaterhouseCoopers LLP as independent registered
         public accounting firm for fiscal 2010;

     (4) the approval of an amendment to Blockbuster's second
         amended and restated certificate of incorporation, as
         amended, to (a) effect the conversion of each outstanding
         share of Class B common stock into one share of Class A
         common stock and rename the Class A common stock as
         "common stock," (b) eliminate provisions relating to the
         Class B common stock and Blockbuster's dual class common
         stock structure, and (c) effect a reverse stock split of
         Blockbuster's issued and outstanding common stock at an
         exchange ratio that will be within a range of 1-for-15
         and 1-for-25 and that will be determined by Blockbuster's
         Board of Directors.

A full-text copy of the Company's preliminary proxy statement is
available at no charge at http://ResearchArchives.com/t/s?5e88

                      About Blockbuster Inc.

Dallas-Tex.-based Blockbuster Inc. is a leading global provider of
rental and retail movie and game entertainment, with over 6,500
stores in the United States, its territories and 17 other
countries as of January 3, 2010.

The Company's balance sheet as of January 3, 2010, showed
$1.538 billion in assets and $1.852 billion of debts, for a
stockholders' deficit of $314.3 million.

PricewaterhouseCoopers LLP, in Dallas, expressed substantial doubt
about the Company's ability to continue as a going concern.  The
independent auditors noted that the Company has incurred a net
loss from operations for the year ended January 3, 2010, and has a
stockholders' deficit as of January 3, 2010.  In addition, the
increasingly competitive industry conditions under which the
Company operates have negatively impacted the Company's results of
operations and cash flows and may continue to in the future.

                           *     *     *

As reported in the Troubled Company Reporter on March 22, 2010,
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.


BLOCKBUSTER INC: CEO Keyes Gets $400,000 Cash Bonus for 2009
------------------------------------------------------------
Blockbuster Inc. disclosed that James W. Keyes, its Chairman of
the Board and Chief Executive Officer, received $1,150,000 in
total compensation for 2009.  The 2009 pay includes Mr. Keyes'
base salary of $750,000 and a cash bonus of $400,000.

In 2008, Mr. Keyes was paid $1,154,188, which includes his
$750,000 base salary, $402,500 in non-equity incentive plan
compensation, and $1,688 in perquisites that consisted primarily
of executive physical costs, car allowance and costs for auto
insurance.

In 2007, Mr. Keyes was paid $17,703,257, which included $346,154
in base pay, $254,700 in cash bonuses, $3,000,000 in stock awards,
$14,082,403 in option awards, and $20,000 in allowances.

Mr. Keyes' fiscal 2009 compensation was principally established by
the terms of his employment agreement, which were recommended by
the Compensation Committee and approved by the Board in connection
with Mr. Keyes' hiring in 2007.  Blockbuster indicated in a
regulatory filing that Mr. Keyes' compensation package was
compared to compensation packages of executives at other
companies, which included Barnes & Noble, Inc., Borders Group,
Inc., Dollar General, Family Dollar Stores, Inc., Foot Locker,
Inc., GameStop, Limited Brands, Inc., Movie Gallery, Netflix,
Inc., Office Depot, Inc., RadioShack Corporation, The TJX
Companies, Inc. and YUM! Brands, Inc.

Blockbuster also disclosed that Thomas M. Casey, its Executive
Vice President and Chief Financial Officer, received $1,000,522 in
2009 pay, slightly higher compared to the $921,289 he took home in
2008.  Mr. Casey, however, was paid $3,443,584 in 2007.

Eric H. Peterson, Blockbuster's Former Executive Vice President,
General Counsel, Secretary and Chief Administrative Officer, was
paid $657,692 in 2009, $598,286 in 2008 and $1,594,034 in 2007.

Bill R. Lee, who joined Blockbuster in May 2009, as its Executive
Vice President and Chief Merchandising Officer, received
$1,069,952 for the year.

Phillip K. Morrow, Former Senior Vice President and Chief
Information Officer, was paid $359,356 for 2009, $524,611 in 2008
and $1,168,488 in 2007.

Mr. Morrow resigned as Blockbuster's Senior Vice President and
Chief Information Officer, effective as of January 29, 2010.
Messrs. Peterson and Lee resigned their positions with the
Company, effective as of February 5, 2010.


BLOCKBUSTER INC: Enters Into New Pacts With Fox, Sony & Warner
--------------------------------------------------------------
Blockbuster Inc. has entered into new agreements with Twentieth
Century Fox Home Entertainment LLC and Sony Pictures Home
Entertainment Inc.  These new agreements, along with the
previously-announced agreement with Warner Home Video, will
provide day-and-date availability of movies for Blockbuster's
store and by-mail channels.  Additionally, these studios will
provide new enhanced payment terms to Blockbuster in exchange for
a first lien on Blockbuster Canada Co.'s assets.  Blockbuster
Canada will continue with business as usual by providing high-
quality home entertainment to its customers.

"These important steps with three of the leading movie studios
will continue a steady supply of top-rated movies for Blockbuster
customers," said Tom Casey, Blockbuster Inc. Executive Vice
President and Chief Financial Officer.  "These positive signs of
studio support are part of our overall recapitalization effort to
drive top-line performance while reducing debt and operating costs
at Blockbuster.  This affirms our strong and collaborative
business relations with these critical vendors."

The new payment terms help Blockbuster continue the
recapitalization initiatives already underway.  Management has
previously announced a number of concurrent efforts to
recapitalize the company and assure its long-term growth and
success.  Blockbuster will continue to rationalize its U.S. store
portfolio and aggressively manage working capital.  Additionally,
Blockbuster has implemented a plan that cuts operating costs by
$200 million this year to preserve cash and further improve
liquidity.  Blockbuster is also in discussions with advisors for
its bondholders related to debt recapitalization.

"We will continue to offer our customers all types of innovations
as the leading multi-channel provider of entertainment including
the recently announced agreement with Warner Bros. Home
Entertainment Inc. for immediate availability of new titles, the
addition of BLOCKBUSTER On Demand for select Samsung 2010 Blu-ray
Players, HDTVs, and Blu-ray Home Theater Systems, and the addition
of BLOCKBUSTER On Demand for smart phones launched recently on T-
Mobile's HTC HD2," said Mr. Casey.

                      About Blockbuster Inc.

Dallas-Tex.-based Blockbuster Inc. is a leading global provider of
rental and retail movie and game entertainment, with over 6,500
stores in the United States, its territories and 17 other
countries as of January 3, 2010.

The Company's balance sheet as of January 3, 2010, showed
$1.538 billion in assets and $1.852 billion of debts, for a
stockholders' deficit of $314.3 million.

PricewaterhouseCoopers LLP, in Dallas, expressed substantial doubt
about the Company's ability to continue as a going concern.  The
independent auditors noted that the Company has incurred a net
loss from operations for the year ended January 3, 2010, and has a
stockholders' deficit as of January 3, 2010.  In addition, the
increasingly competitive industry conditions under which the
Company operates have negatively impacted the Company's results of
operations and cash flows and may continue to in the future.

                           *     *     *

As reported in the Troubled Company Reporter on March 22, 2010,
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.


BLUEKNIGHT ENERGY: Wells Fargo Waives Going Concern Violation
-------------------------------------------------------------
Blueknight Energy Partners, L.P., on March 29, 2010, entered into
a Waiver and Amendment to Credit Agreement with its lenders.  The
March 2010 Amendment, among other things:

     (i) subject to certain limitations, waives the requirement
         for the report of Blueknight's independent registered
         public accounting firm accompanying its financial
         statements for the year ended December 31, 2009, to not
         contain an explanatory paragraph expressing significant
         doubt about Blueknight's ability to continue as a going
         concern,

    (ii) subject to certain limitations, waives the requirement
         for the report of Blueknight's independent registered
         public accounting firm accompanying its financial
         statements for the year ended December 31, 2010, to not
         contain an explanatory paragraph expressing significant
         doubt about Blueknight's ability to continue as a going
         concern, and

   (iii) increases the applicable interest rate under the credit
         agreement by 2.0% per annum; provided, that the Deferred
         Interest is not payable until the earlier of:

         (a) the June 30, 2011 maturity date of the credit
             Agreement; or

         (b) the repayment in full of all amounts understanding
             under the credit agreement and the termination of the
             lenders' commitments under the credit agreement.

The Company notes that if it refinances all of the debt under the
credit agreement on or before January 6, 2011, all Deferred
Interest will be automatically forgiven by the lenders.

A full-text copy of the Waiver and Amendment to Credit Agreement,
dated as of March 29, 2010, is among BLUEKNIGHT ENERGY PARTNERS,
L.P., a Delaware limited partnership, the Guarantors party hereto,
WELLS FARGO BANK, N.A., as Administrative Agent, L/C Issuer and
Swing Line Lender under the Credit Agreement, and the Lenders, is
available at no charge at http://ResearchArchives.com/t/s?5eab

The members of the lending consortium are:

     * Wells Fargo Bank, N.A. (f/k/a Wachovia Bank, National
       Association), as L/C Issuer, Swing Line Lender and Lender;
     * The Royal Bank of Scotland N.V., (f/k/a ABN AMRO Bank
       N.V.);
     * Bank of America, N.A.;
     * The Bank of Nova Scotia;
     * Bank of Scotland PLC;
     * Blue Ridge Investments LLC;
     * BMO Capital Markets Financing Inc.;
     * Credit Agricole Corporate and Investment Bank (f/k/a Caylon
       New York Branch);
     * Citibank, N.A.;
     * Evergreen High Income Fund;
     * Evergreen Income Advantage Fund;
     * Evergreen Multi-Sector Income;
     * Evergreen Utilities & High Income Fund;
     * Fortis Capital Corporation;
     * Guaranty Bank and Trust Company;
     * JPMorgan Chase Bank, N.A.;
     * GE Business Financial Services, Inc., (f/k/a Merrill Lynch
       Business Financial Services, Inc);
     * One East Liquidity Master LP;
     * One East Partners Master LP;
     * Raymond James Bank FSB;
     * Royal Bank of Canada;
     * Solus Core Opportunities Master Fund;
     * SunTrust Bank, N.A.;
     * UBS Loan Financial LLC; and
     * Woodsland Commercial Bank

As reported by the Troubled Company Reporter on April 5, 2010,
PricewaterhouseCoopers LLP, in Tulsa, Okla., expressed substantial
doubt about the Partnership's ability to continue as a going
concern.  The independent auditors noted that the Partnership has
substantial long-term debt, a deficit in partners' capital, and
significant litigation uncertainties.

The Partnership reported a net loss of $16.5 million on
$156.8 million of revenue for 2009, compared with net income of
$17.8 million on $192.2 million of revenue for 2008.

The Partnership's balance sheet as of December 31, 2009, showed
$310.7 million in assets and $452.9 million of debts, for a
partners' deficit of $142.2 million.

                     About Blueknight Energy

Blueknight Energy Partners, L.P. (Pink Sheets: BKEP)
-- http://www.bkep.com/-- provides integrated terminalling,
storage, processing, gathering and transportation services for
companies engaged in the production, distribution and marketing of
crude oil and asphalt products.  The Partnership manages its
operations through three operating segments: (i) crude oil
terminalling and storage services, (ii) crude oil gathering and
transportation services and (iii) asphalt services.


BRAD WATKINS: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Joint Debtors: Brad M. Watkins
               Pamela J. Watkins
               6813 East Haven Court
               Mason, OH 45040

Bankruptcy Case No.: 10-31816

Chapter 11 Petition Date: March 29, 2010

Court: United States Bankruptcy Court
       Southern District of Ohio (Dayton)

Judge: Lawrence S. Walter

Debtors' Counsel: John Paul Rieser, Esq.
                  7925 Graceland Street
                  Dayton, OH 45459
                  Tel: (937) 224-4128
                  E-mail: attyecfdesk@rieserlaw.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 $2,588,410
and total debts of $3,479,186

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/ohsb10-31816.pdf

The petition was signed by the Joint Debtors.


BRITISH AMERICAN: Bahamian Case Not Foreign Main Proceeding
-----------------------------------------------------------
WestLaw reports that a debtor-insurance company's center of its
main interests (COMI) was not in the Commonwealth of the Bahamas,
even though the debtor was formed there and a judicial manager
appointed under Bahamas law was overseeing the debtor's business
activity from the Bahamas.  Therefore, the Bahamas proceeding was
not a "foreign main proceeding."  The debtor's headquarters were
in Trinidad, the country in which, through a subsidiary, the
debtor's financial, administrative, actuarial, legal, policy
administration, and claims processing took place, and the
subsidiary's employees managed the debtor's day-to-day affairs.
In addition, the majority of the debtor's assets were located in
its Eastern Caribbean branches, its creditors existed primarily
outside the Bahamas, and policyholders and creditors had little
reason to believe that the debtor had its hub of operations in the
Bahamas, given the debtor's minimal activities there.  In re
British American Ins. Co. Ltd., --- B.R. ----, 2010 WL 1038212
(Bankr. S.D. Fla.) (Kimball, J.).

British American Insurance Company -- http://www.baico-intl.com/-
- is an insurance company chartered under the laws of the Bahamas.
It has or had branch operations in Anguilla, Antigua and Barbuda,
Bermuda, The Cayman Islands, Dominica, Guyana, Grenada,
Montserrat, Saint Kitts and Nevis, Panama, Saint Lucia, Curacao,
the Turks and Caicos Islands, and Saint Vincent and the
Grenadines.  BAICO also operates or operated through subsidiaries
in Barbados, Trinidad and Tobago, Curacao, Aruba, the Turks and
Caicos Islands, and the British Virgin Islands.

Juan M. Lopez at KPMG Restructuring, as the Judicial Manager and
foreign representative of British American Insurance Company
Limited appointed in an action pending in the Commercial Division
of the Supreme Court of the Commonwealth of The Bahamas, filed a
chapter 15 petition (Bankr. S.D. Fla. Case No. 09-31881) on
Oct. 9, 2009.  Brian Glasgow, as the Judicial Manager and foreign
representative of British American Insurance Company Limited
appointed in an action pending in the Eastern Caribbean Supreme
Court in the High Court of Justice Saint Vincent and the
Grenadines, filed a chapter 15 petition (Bankr. S.D. Fla. Case No.
09-35888) on Nov. 25, 2009.  Both foreign representatives are
represented by Leyza F. Blanco, Esq., at Gray-Robinson, P.A., in
Miami.  At the time of the filings, the foreign representatives
estimated the insurer's assets at less than $500,000,000 and its
debts at more than $500,000,000.

Sorting through the competing Chapter 15 petitions, the Honorable
Erik P. Kimball ordered on Mar. 22, 2010, that:

    (A) Mr. Lopez's request for recognition of the Bahamas
        Proceeding as a foreign main proceeding or, in
        the alternative, a foreign nonmain proceeding,
        is denied;

    (B) Mr. Glasgow's request for recognition of the
        SVG Proceeding as a foreign nonmain proceeding
        is granted; and

    (C) the Court will conduct a further hearing on Mr.
        Glasgow's request for recognition under 11 U.S.C.
        Sec. 1521.

BAICO is also subject to additional judicial proceedings (in which
each court has appointed judicial managers, provisional
liquidators, or controllers, for BAICO and related entities) in
The Eastern Caribbean Supreme Court in the High Court of Justice
Antigua and Barbuda, The Eastern Caribbean Supreme Court in the
High Court of Justice (Anguilla Circuit), The Eastern Caribbean
Supreme Court in the High Court of Justice Federation of Saint
Christopher and Nevis, The Eastern Caribbean Supreme Court in the
High Court of Justice Saint Lucia, The Supreme Court of Bermuda
Commercial Court Companies (Winding-Up), The Eastern Caribbean
Supreme Court in the High Court of Justice Montserrat, The Supreme
Court of Grenada and the West Indies Associated States High Court
of Justice, The Grand Court of the Cayman Islands, and The Supreme
Court of the Turks and Caicos Islands.


CALYPTE BIOMEDICAL: Dec. 31 Balance Sheet Upside-Down by $15.1MM
----------------------------------------------------------------
Calypte Biomedical Corporation filed on March 31, 2010, its annual
report on Form 10-K for the year ended December 31, 2009.

The Company's balance sheet as of December 31, 2009, showed
$5.4 million in assets and $20.6 million of debts, for a
stockholders' deficit of $15.1 million.

The Company reported a net loss of $3.6 million on $1.0 million of
revenue for 2009, compared with a net loss of $9.5 million on
$725,000 of revenue for 2008.

Odenberg, Ullakko, Muranishi & Co. LLP, in San Francisco,
expressed substantial doubt about the Company's ability to
continue as a going concern.  The independent auditors noted that
the Company has defaulted on $6.3 million of 8% Convertible
Promissory Notes and related Interest Notes and $5.2 million of 7%
Promissory Notes, has suffered recurring operating losses and
negative cash flows from operations, and management believes that
the Company's cash resources will not be sufficient to sustain its
operations through 2010 without additional financing.

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

               http://researcharchives.com/t/s?5eb1

Portland, Ore.-based Calypte Biomedical Corporation develops,
manufactures, and distributes in vitro diagnostic tests, primarily
for the diagnosis of Human Immunodeficiency Virus infection.


CALVARY BAPTIST: Files for Bankruptcy in Georgia
------------------------------------------------
Calvary Baptist Temple filed a petition seeking protection under
Chapter 11 of the U.S. Bankruptcy Code on April 6 (Bankr. S.D. Ga.
Case No. 10-40754).

Savannah, Georgia-based Calvary Baptist listed assets and debts of
$10 million to $50 million in its petition.  The largest unsecured
creditor listed is Michael R. Funderburk LLC, Trustee for Series
II Bonds to which it owes $3 million.


CAPITAL GROWTH: Asher & Company Raises Going Concern Doubt
----------------------------------------------------------
Capital Growth Systems, Inc., filed on March 31, 2010, its annual
report on Form 10-K for the year ended December 31, 2009.

Asher & Company, Ltd., in Philadelphia, Pa., expressed substantial
doubt about the Company's ability to continue as a going concern.
The independent auditors noted that of the Company's recurring
operating losses, negative cash flows from operations, net working
capital deficiency, shareholders' deficit and debt covenant
violations and related penalties.

The Company reported a net loss of $52.8 million on $64.4 million
of revenue for 2009, compared with net income of $7.3 million on
$34.2 million of revenue for 2008.

The Company's balance sheet as of December 31, 2009, showed
$34.4 million in assets and $85.4 million of debts, for a
stockholders' deficit of $51.0 million.

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

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

Based in Chicago, Capital Growth Systems, Inc., dba Global
Capacity, is a publicly traded corporation that delivers telecom
information and logistics solutions to a global client set
consisting of systems integrators, telecommunications companies,
and enterprise customers.


CAPMARK FINANCIAL: DFR Approved as Fee Examiner
-----------------------------------------------
Bankruptcy Judge Christopher Sontchi approved the appointment of
Direct Fee Review LLC as the Fee Examiner in Capmark Financial
Group Inc.'s Chapter 11 cases last March 24, 2010.

In a certification of counsel, the Debtors tell the Court that
they have agreed with the Official Committee of Unsecured
Creditors to appoint Direct Fee Review LLC as their fee examiner.

Accordingly, the Debtors delivered to the Court a proposed form
of order which provides that the Fee Examiner will:

  (a) review interim fee application requests and final fee
      applications filed by each applicant in the Chapter 11
      cases.  To the extent practicable, the Fee Examiner will
      avoid duplicative review when reviewing Final Fee
      Applications comprised of Interim Fee Application
      Requests;

  (b) during the course of its review of an Application,
      consult with each Applicant concerning that professional's
      Application;

  (c) review any document filed in the Chapter 11 cases and
      be responsible for general familiarity with the dockets in
      the Chapter 11 cases.  The Fee Examiner will be deemed to
      have filed a request for notice of papers filed in the
      Chapter 11 cases pursuant to Rule 2002 of the Federal Rule
      of Bankruptcy Procedure;

  (d) within 20 days after an Applicant files an Application,
      serve an initial report on the Applicant designed to
      quantify and present factual data relevant to whether the
      requested fees, disbursements and expenses meet the
      applicable standards of Section 330 of the Bankruptcy Code
      and Local Rule 2016-2 for the District of Delaware;

  (e) within 15 days after the service of the Initial Report,
      engage in written communication with each Applicant, the
      objective of which is to resolve matters raised in the
      Initial Report.  The Fee Examiner will endeavor to reach
      consensual resolution with each Applicant with respect to
      that Applicant's requested fees and expenses.  The Fee
      Examiner may also use the resolution process to revise
      findings contained in the Initial Report.  Each Applicant
      may provide the Fee Examiner with supplemental information
      with which the Applicant believes is relevant to the
      Initial Report;

  (f) following communications between the Fee Examiner and the
      Applicant, the Fee Examiner's review of any supplemental
      information provided by that Applicant in response to the
      Initial Report, conclude the resolution period by filing
      with the Court a report with respect to each Application,
      15 days after the service of the Initial Report.  The
      Final Report will be in a format designed to quantify and
      present factual data relevant to whether the requested
      fees and expenses of each Applicant meet the applicable
      standards of Section 330 and Local Rule 2016-2.  The Final
      Report will also inform the Court of all proposed
      consensual resolutions of the fee or expense reimbursement
      request for each Applicant and the basis for that proposed
      consensual resolution; and

  (g) serve each Final Report on counsel for the Debtors, the
      Office of the United States Trustee for the District of
      Delaware, counsel for the Committee and each Applicant
      whose fees and expenses are addressed in the Final Report.

The Applicant, subject to the Final Report, may (i) file with the
Court a response to that Final Report, no later than 20 days
after the Fee Examiner's service of a Final Report, and request a
ruling with respect to the fees or expenses to which an objection
was made, or, in the alternative, (ii) defer filing the Final
Response and request a ruling at any subsequent fee hearing so as
to allow continuing discussions with the Fee Examiner.

The Fee Examiner's services will not apply to:

  (i) ordinary course professionals;

(ii) members of the Committee; and

(iii) professionals requesting the payment of any success fee or
      transaction fee set forth in that professional's
      engagement agreement.

In a affidavit filed with the Court, Joseph W. Dryer, a member of
Direct Fee Review LLC, assures the Court that neither he nor his
firm has any connection to the Debtors, their creditors, any
other party-in-interest, their attorneys and accountants or any
person employed in the Office of the U.S. Trustee.  Mr. Dryer
relates that the firm's customary rates is $190 per hour plus
reimbursement of expenses.

A full-text copy of the firm's Engagement Letter is available for
free at http://bankrupt.com/misc/Capmark_DirectFeeEngagement.pdf

                      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: Use of Up to $10MM Cash Collateral Approved
--------------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware has approved, on a final basis, Capmark
Financial Group Inc. and its debtor affiliates' stipulation with
Morgan Stanley & Co. Incorporated authorizing the use of up to
$10 million in cash collateral.

The parties' Stipulation was approved including, without
limitation, the:

  (a) creation and perfection of the pledge of the loan
      receivables relating to each Property Savings Loan and
      True-Up Excess Contribution Payment funded pursuant to the
      terms of the Stipulation granted as adequate protection
      for the Debtors' use of the Cash Collateral; and

  (b) modification of the automatic stay to effectuate all the
      terms of the Stipulation.

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

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

Prior to the entry of the Court's order, the Debtors certified to
the Court that no objection was filed as to the Motion.

                      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)


CATALYST PAPER: To Restart Production at Crofton NBSK Mill in May
-----------------------------------------------------------------
Catalyst Paper said it will restart the second line of pulp
production at its Crofton NBSK kraft mill in early May, taking
advantage of a stronger market.  The first line of pulp production
was restarted in October 2009 following a seven-month curtailment
of the entire kraft mill due to weak pulp demand and pricing.

"We have adequate fibre supply and sales to support the additional
volume which allows us to take advantage of the current uptick in
pricing," said Richard Garneau, president and chief executive
officer.  "We'll run as long as the economics are positive and
will be keeping a very close watch on the order file and inventory
levels."

Restart of Crofton's second line of production will add 165,000
tonnes of pulp capacity on an annualized basis.  All Crofton pulp
mill employees who are currently on layoff will be recalled.

Based in Richmond, British Columbia, Catalyst Paper Corp.
(TSX:CTL) manufactures diverse specialty printing papers,
newsprint and pulp.  Its customers include retailers, publishers
and commercial printers in North America, Latin America, the
Pacific Rim and Europe.  With six facilities located in British
Columbia and Arizona, Catalyst has a combined annual production
capacity of 2.5 million tonnes.

The Company's balance sheet as of Dec. 31, 2009, showed
C$2.091 billion in assets, C$1.295 billion of debts, and
C$795.6 million of stockholders' equity.

                          *     *     *

In mid-March 2010, Standard & Poor's Ratings Services lowered its
long-term corporate credit rating on Catalyst Paper to
'SD' (selective default) from 'CC'.  Given the weak outlook for
the company's specialty paper and newsprint segments, S&P expects
Catalyst to continue to face challenging market conditions in
2010.

Moody's Investors Service also downgraded Catalyst's Corporate
Family Rating to Caa1 from B3 while revising the Probability of
Default Rating to Caa1/LD from Caa3, with the "/LD" suffix
signaling a "limited default".  Catalyst's CFR downgrade
anticipates a marked deterioration in the company's financial
performance over the coming year, with significant EBITDA erosion
compared to 2009 levels and negative free cash flow generation.


CF INDUSTRIES: Moody's Assigns 'Ba3' Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service assigned an initial Ba3 Corporate Family
Rating to CF Industries Holdings, Inc.  Moody's assigned a Ba1
rating to the $2,300 million of guaranteed senior secured credit
facilities of CF Industries, Inc.  The senior credit facilities
consist of a $1,200 million five-year term loan B-1, an
$800 million five-year term loan B-2, and a $300 million five-year
revolving facility.  Additionally, Moody's assigned a B1 rating to
$1,600 million in proposed senior unsecured notes expected to be
issued by the end of April 2010.  Moody's assigned a Speculative
Grade Liquidity rating of SGL-1.  The outlook is stable.

The rated credit facilities along with an unrated $1,750 million
bridge facility were used to fund CFH's acquisition of Terra
Industries Inc. (CFR Ba3).  The $800 million B-2 term loan and the
bridge facility are expected to be repaid by the end of April
2010.  The repayment of this debt will be from the proceeds of a
proposed $1,000 million equity offering, combined with the above
mentioned $1,600 million in proposed senior unsecured notes.  If,
as expected, the proposed equity and unsecured note issuances are
successful and completed in a timely manner according to the terms
proposed, Moody's would likely move the outlook for the ratings to
positive.

CFH's Ba3 CFR reflects improved market positions gained as a
function of the merger combined with the prospect of healthy
market conditions, particularly for the nitrogen industry over the
intermediate term.  The rating also factors in management's
historic conservative financial philosophy.  However, the rating
is tempered by the prospect of a new approach for capital
structure and the uncertainty surrounding the financing of a
proposed project in Peru.

Despite significant use of equity and cash to fund the
acquisition, the merger marks a material change to CFH's history
of being debt free.  Pro forma for 2009 combined EBITDA, initial
leverage (debt/EBITDA) is about 2.8X, well above management's
publicly stated targets of 1.0X -1.5X.  This merger reflects a
change in CFH's approach to its capital structure and while the
initial targets are conservative Moody's would like to see a
longer track record of CFH managing to these targets.

CFH's $3.3 billion debt does not reflect the impact of a
potentially significant project in Peru.  CFH is contemplating an
ammonia/urea complex that would cost between $1.5 to $2.0 billion.
While the project has a sound strategic rationale, including a
favorable signed gas supply agreement, financing arrangements are
still to be determined.  Management is currently endeavoring to
lower the cost estimates for the project from an original study
that resulted in higher than expected costs.  If over time Moody's
determines that the impact of the project's financing on CFH's
credit metrics is benign, the ratings would likely be positively
impacted.

While the final purchase price of Terra is much higher than
originally proposed in early 2009, Moody's views the merger as
positive.  This positive impact is directly related to 1) the use
of cash and equity in addition to debt to fund the acquisition, 2)
the near-term prospects for a multi-year recovery in CFH's primary
fertilizer businesses and, to a lesser extent, 3) the $135 million
of potential operating and financial synergies that are
anticipated to result from the merger by the end of 2011.  Moody's
believes that management intends to eventually run the new company
with a credit profile that suggest a higher rating.

These ratings were assigned:

CF Industries Holdings, Inc.

* Corporate Family Rating Ba3
* Probability of Default Rating Ba3
* Speculative Grade Rating -- SGL-1

CF Industries, Inc.

* $1,200 million guaranteed senior secured term loan B-1 due 2015
  -- Ba1 LGD-2 21%

* $800 million guaranteed senior secured term loan B-2, due 2015 -
  - Ba1 LGD-2 21%

* $300 million guaranteed senior secured term revolver, due 2015 -
  - Ba1 LGD-2 21%

* $1,600 million in proposed senior unsecured notes -- B1 LGD-5
  75%

The SGL-1 reflects a strong liquidity profile bolstered by a pro
forma cash/investments balance of $459 million at the end of April
2010 (including $134 million of auction rate securities).  CFH
will also have access to a $300 million revolver with significant
covenant headroom and a favorable debt maturity profile.

CF Industries Holdings, Inc., headquartered in Deerfield,
Illinois, is a leading global producer of nitrogen based and
phosphate fertilizers.  Moody's believes that CFH on a pro forma
basis would have generated annual revenues of about $3.4 billion
for the period ending December 31, 2009.


CHA HAWAII: Taps Gemino for Possible Financing
----------------------------------------------
Bill Rochelle at Bloomberg News reports that Hawaii Medical Center
LLC, with the support of the creditors committee, is seeking
permission from the Bankruptcy Court to pay $75,000 in fees so
Gemino Healthcare Finance LLC will undertake the financial
investigation necessary to commit to provide $10 million in
financing for the hospitals' reorganization plan.

According to the report, three plans have been competing for the
right to reorganize the hospitals.  The bankruptcy judge already
approved a disclosure statement explaining the Chapter 11 plan
proposed by St. Francis Healthcare System of Hawaii.  The St.
Francis plan is scheduled for a May 24 confirmation hearing.  The
hospitals say they need financing from Gemino to be in place by
May 23 so their plan could be confirmed instead of the St. Francis
plan on May 24.

Wichita, Kansas-based CHA Hawaii LLC, and its affiliates --
including Hawaii Medical Center LLC -- filed for Chapter 11
protection on Aug. 29, 2008 (Bankr. D. Del. Case No. 08-12027).
Laura Davis Jones, Esq., at Pachulski Stang Ziehl & Jones LLP
represents the Debtors in their restructuring efforts.  The
Debtors listed assets of between $1 million and $10 million and
liabilities of between $50 million and $100 million when they
filed for bankruptcy.


CHRYSLER LLC: Confirmation Hearing Further Moved to April 20
------------------------------------------------------------
The hearing to consider confirmation of the Second Amended Joint
Plan of Liquidation of Old CarCo LLC, formerly Chrysler LLC and
its debtor affiliates has been further adjourned to April 20,
2010, at 10:00 a.m., Eastern Time.

The purposed of the adjournment is to provide the Debtors with
additional time to address unresolved objections relating to
confirmation of the Plan, Corinne Ball, Esq., at Jones Day, in New
York -- cball@jonesday.com -- tells Judge Arthur J. Gonzalez of
the United States Bankruptcy Court for the Southern District of
New York.

Prior to the submission of the Notice of Adjournment, the Debtors
notified the Court and parties-in-interest of certain amendments
to the voting results with respect to their Plan.

In his amended declaration, Jeffrey B. Ellman, Esq., at Jones Day,
in New York -- jbellman@jonesday.com -- said that his statement is
based on the amended declaration of Stephenie Kjontvedt, vice
president and senior consultant of Epiq Bankruptcy Solutions, LLC.
Epiq is the Debtors' claims, noticing and balloting agent.

The amended results still show that the Plan has the full support
of each of the Debtors' primary constituencies, and has been
overwhelmingly accepted by voting creditors.

                         Accept                       Reject
                -------------------------- | ---------------------
                Votes                      | Votes
Impaired Class   Counted            Amount | Counted        Amount
--------------   ------------------------- | ---------------------
Class 2A              76       $66,783,117 |      3       $612,882
First Lien       96.20%            99.09% |  3.80%          0.91%
Secured Claims                            |
                                           |
Class 3A           8,965   $11,653,894,110 |    183   $203,607,267
General          98.00%            98.28% |  2.00%          1.72%
Unsecured Claims                          |

None of the parties voting in Class 2A are insiders, Mr. Ellman
says.  He adds that four parties voting a total of six claims in
Class 3A are identified as insiders.  The results of the
tabulation of Ballots in Class 3A, excluding the votes of insiders
are:

                         Accept                       Reject
                -------------------------- | ---------------------
                Votes                      | Votes
Impaired Class   Counted            Amount | Counted        Amount
--------------   ------------------------- | ---------------------
Class 3A          8,959   $11,643,824,302 |    183   $203,607,267
General          98.00%            98.28% |  2.00%          1.72%
Unsecured Claims                          |

In her declaration, Ms. Kjontvedt noted that the amendment is
being submitted to correct an inadvertent tabulation error in the
Original Epiq Declaration.

A copy of the Amended Epic Declaration, together with tabulation
and exception reports, is available for free at:

http://bankrupt.com/misc/Chrysler_Amd_VotingResults_032310.pdf

                       The Chapter 11 Plan

Copies of the Second Amended Plan and Disclosure Statement are
available for free at:

   http://bankrupt.com/misc/Chrysler_2ndAmendedPlan_012210.pdf
   http://bankrupt.com/misc/Chrysler_2ndAmendedDS_012210.pdf

The Joint Plan provides for the liquidation of the Debtors'
remaining assets and the implementation of certain restructuring
transactions and other agreements.  As of the effective date of
the Plan, each of the Debtors will cease to exist, and the
Liquidation Trust Assets will be transferred to and vest in the
Liquidation Trust free and clear of all Liens, Claims and
Interests.

The Debtors, according to their Plan, will not be paying the
initial $4 billion loan it availed from the U.S. government
through the Troubled Asset Relief Program in January 2008.
Unsecured creditors will not recover anything, unless they vote to
accept the Plan and the Daimler Litigation will bring in more than
$25 million.  The Daimler Litigation was commenced by the Official
Committee of Unsecured Creditors on August 17, 2009, against
certain Daimler Parties for intentional and constructive
fraudulent transfer, unjust enrichment, corporate alter ego and
breach of fiduciary duty.

                     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: Asks AMC Retirees to Produce Data
-----------------------------------------------
In 1987, a predecessor to Old Carco LLC, formerly known as
Chrysler LLC, acquired the American Motors Corporation.  As part
of the acquisition, AMC entered into agreements with certain AMC
executives under which AMC agreed to provide the AMC Retirees and
their spouses or eligible dependents with certain retiree and
other benefits, including designated health insurance and life
insurance coverage, subject to certain specified terms and
conditions.

In connection with the Fiat Transaction, Chrysler Group LLC agreed
to take an assignment by the Debtors of all "retiree benefits"
with the exception of the retiree benefits of (i) UAW-represented
retirees, that New Chrysler is obligated to pay pursuant to an
agreement between New Chrysler and the International Union, UAW,
and (ii) according to New Chrysler, the AMC Retirees.

Corinne Ball, Esq., at Jones Day, in New York, relates that the
AMC Retirees consist of 12 former AMC employees, one of whom is
deceased and one of whom is a current employee of New Chrysler.
In addition, 11 of the AMC Retirees have spouses, who may be
entitled to certain of the AMC Retiree Benefits.  Although the
Debtors historically have provided the AMC Retiree Benefits to the
AMC Retirees and their dependents, certain of the AMC Retirees
have not sought to obtain any of the AMC Retiree Benefits and may
never have met the eligibility requirements for coverage, she
asserts.

With the partial exception of the AMC Retiree, who currently is
employed by New Chrysler, the Debtors possess limited information
about the AMC Retirees, Ms. Ball tells the Court.  The AMC
Retirees and their spouses are:

     AMC Retiree              Spouse/Dependent
     -----------              ----------------
     Richard Calmes           Dorothy Calmes
     Joseph Cappy             Patricia Cappy
     Francois Castaing        Maria Castaing
     Joseph Chamasrour        Chantal Chamasrour
     William Enockson         Mary Enockson
     Thomas Foley             Maureen Foley
     Kenneth Lawton           Risa Lawton
     John Mowrey              Elma Mowrey
     John M. Sheridan         Delphine Sheridan
     Jerry Sloan              N/A
     Marvin Stucky (dec.)     Patricia Stucky
     John Tierney             Barbara Tierney

Only two of the AMC Retirees have filed proofs of claim in the
bankruptcy cases, which include claims purportedly based on the
AMC Retiree Benefits, Ms. Ball informs the Court.

By this motion and pursuant to Rule 2004 of the Federal Rules of
Bankruptcy Procedure, the Debtors seek the Court's permission to
conduct certain documentary and written discovery to obtain
information from the AMC Retirees and their spouses or dependents
to determine the AMC Retirees' eligibility for AMC Retiree
Benefits, and to determine whether or to what extent certain of
the provisions of Section 1114 of the Bankruptcy Code apply to the
AMC Retirees and the AMC Retiree Benefits.

As of the effective date of the Debtors' Plan of Reorganization,
the requested relief also would permit the Liquidation Trust, as
the successor-in-interest to the Debtors, to continue to pursue
the Requested Information.

The initial documents to be produced are:

  (1) All documents identified in response to the Debtors'
      proposed first set of interrogatories;

  (2) All documents identifying any income the AMC Retirees or
      beneficiaries have received from any source during the
      period from April 30, 2008, to April 29, 2009;

  (3) All documents concerning health, medical, life and
      disability insurance coverage that the AMC Retirees or
      beneficiaries have owned, received, applied for or been
      eligible for between January 2008 and the present, from
      the Debtors or any other source;

  (4) All documents concerning whether the AMC Retirees or
      beneficiaries are eligible for Medicare and any other
      government funded medical, health, life or disability
      insurance coverage; and

  (5) All documents concerning any medical, health, life or
      disability insurance coverage ever provided to the AMC
      Retirees or beneficiaries by any of the Debtors, the AMC
      or any successors or assigns of any of these entities.

In connection with the sought discovery, the Debtors further seek
authority for them or the Liquidation Trust to conduct depositions
of the AMC Retirees or their beneficiaries as and to the extent
necessary or appropriate, in the Debtors' or the Liquidation
Trustee's judgment, to obtain, understand or evaluate the
Requested Information.

                         *     *     *

Judge Gonzalez authorized the Debtors, in their discretion, to
conduct documentary and written discovery against the AMC Retirees
and their spouses and eligible dependents.  He also authorized the
Debtors to modify or supplement the discovery requests and conduct
depositions, as they deem necessary or appropriate to obtain
information consistent with the relief granted.

The Debtors may issue discovery requests and subpoenas as may be
necessary to accomplish the authorized discovery, the Court held.

From and after the Effective Date, (i) the Liquidation Trust will
be entitled to the benefits of the order granting the Motion to
Compel as the successor-in-interest to the Debtors, and (ii) the
Liquidation Trustee will make any determinations that otherwise
would be made by the Debtors.

The Court also ruled that nothing in the order will prejudice the
rights of the Debtors, the Liquidation Trust or the Liquidation
Trustee under Rule 2004 and other applicable law to seek further
document production and written and oral examinations in
connection with the bankruptcy cases.

                     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: Proposes to Settle Tax Dispute with New Jersey
------------------------------------------------------------
Old CarCo LLC, formerly Chrysler LLC and its units seek the
Bankruptcy Court's approval of a stipulation of dismissal with
prejudice, dated March 22, 2010, between Old Carco, formerly known
as DaimlerChrysler Corporation, and the Attorney General of the
state of New Jersey, on behalf of the Director of the New Jersey
Division of Taxation.

The Stipulation resolves a dispute between Old Carco and New
Jersey regarding Old Carco's asserted entitlement to certain
refunds of sales and use taxes from New Jersey.

Pursuant to the Stipulation, Old Carco and New Jersey have agreed
to settle their Tax Refund Action currently pending before the Tax
Court of New Jersey by allowing 78 Denied Claims, with the
remaining 53 Denied Claims, which New Jersey asserts were untimely
filed, to be dismissed.  The Allegedly Untimely Claims will be
dismissed with prejudice and without payment of costs or fees to
any party.

New Jersey will pay Old Carco $100,034, which is 100% of the face
value of the Allowed Claims, without interest.  The Tax Refund
Action will be dismissed with prejudice and without payment of
costs or fees to any party.

Old Carco agrees that under no circumstances will it petition for
the modification or review of the terms of the Stipulation by any
branch, section or unit of the New Jersey Division of Taxation or
by any court, including the Tax Court and the Bankruptcy Court.

A hearing will be held on April 15, 2010, to consider the request.
Objections are due April 3.

                     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: Cash Collateral Use End Date Extended Until Apr. 30
-----------------------------------------------------------------
Chrysler LLC and its units' right to use the DIP Lenders' cash
collateral as provided in the DIP Lender Winddown Order was to
terminate as of March 31, 2010, if the Debtors' Plan of
Liquidation has not been confirmed by that date.  The Plan's
effectiveness is conditioned upon the entry of the order
confirming it by March 31, 2010.  The Order, however, stated that
the condition may be waived, without further Court order, upon the
agreement of the Debtors and the DIP Lenders.

Since the hearing on confirmation of the Debtors' Plan has been
adjourned to April 20, 2010, to provide the Debtors with
additional time to address unresolved objections relating to the
Plan's confirmation, the Debtors, the Official Committee of
Unsecured Creditors and the DIP Lenders agreed in a court-approved
stipulation to extend the Termination Date and the Confirmation
Deadline to April 30, 2010.

                     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)


COATES INT'L: Meyler & Company Raises Going Concern Doubt
---------------------------------------------------------
Meyler & Company, LLC, in Middletown, New Jersey, in its March 30,
2010, report said Coates International, Ltd., continues to have
negative cash flows from operations, recurring losses from
operations, and has a stockholders' deficiency.  These conditions
raise substantial doubt about its ability to continue as a going
concern.

The Company swung to a net loss of $806,756 for the year ended
December 31, 2009, from net income of $874,043 for 2008.  Revenue
from research and development was $840,000 for 2009 from
$1,813,183 for 2008.

At December 31, 2009, the Company had total assets of $3,231,200
against total liabilities of $3,627,018, resulting in
stockholders' deficiency of $395,818.

A full-text copy of the Company's annual report on Form 10-K is
available at no charge at http://ResearchArchives.com/t/s?5eb7

                    About Coates International

Based in Wall Township, N.J., Coates International, Ltd.
(OTC BB: COTE) -- http://www.coatesengine.com/-- was incorporated
on August 31, 1988, for the purpose of researching, patenting and
manufacturing technology associated with a spherical rotary valve
system for internal combustion engines.  This technology was
developed over a period of 15 years by Mr. George J. Coates, who
is the President and Chairman of the Board of the Company.

The Coates Spherical Rotary Valve System (CSRV) represents a
revolutionary departure from the conventional poppet valve.  It
changes the means of delivering the air and fuel mixture to the
firing chamber of an internal combustion engine and of expelling
the exhaust produced when the mixture ignites.


COMVEST LTD.: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Comvest Ltd., Inc.
        PO Box 2025
        Clarksburg, WV 26302

Bankruptcy Case No.: 10-40119

Chapter 11 Petition Date: April 2, 2010

Court: U.S. Bankruptcy Court
       Southern District of West Virginia (Parkersburg)

Judge: Ronald G. Pearson

Debtor's Counsel: Andrew S. Nason, Esq.
                  Pepper & Nason
                  8 Hale Street
                  Charleston, WV 25301
                  Tel: 304-346-0361
                  Fax: 304-346-1054
                  E-mail: andyn@peppernason.com

Estimated Assets: $0 to $50,000

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

A copy of the Company's list of 20 largest unsecured creditors
filed together with the petition is available for free at
http://bankrupt.com/misc/wvsb10-40119.pdf

The petition was signed by H. David Cutlip, president.


CORUS BANKSHARES: Delays Filing of 2009 Annual Report on Form 10-K
------------------------------------------------------------------
Corus Bankshares, Inc., has determined that it is unable to timely
file its Annual Report on Form 10-K for the year ending December
31, 2009, and the Company expects that it will not be able to file
the Form 10-K within the 15-day extension permitted by the rules
of the U.S. Securities and Exchange Commission.  On September 11,
2009, Corus Bank, N.A., a wholly owned subsidiary of Corus
Bankshares, Inc., was closed by the Office of the Comptroller of
the Currency and the Federal Deposit Insurance Corporation was
appointed as receiver of Corus Bank.  Since that time, the Company
has been working diligently with its financial and professional
advisers in considering its future options.

The Company said these efforts during the last several months have
prevented the Company from finalizing its financial statements on
time to file the Form 10-K within the prescribed time period
without unreasonable effort and expense.  Additionally, the
Company's independent registered public accounting firm had
resigned on August 31, 2009.

On March 25, 2010 the Audit Committee of the Board of Directors of
Corus Bankshares appointed Plante & Moran, PLLC, as the Company's
independent registered public accounting firm.  During the two
most recent fiscal years and the interim periods preceding the
engagement, the Company has not consulted P&M regarding any of the
matters set forth in Item 304 (a)(2)(i) or (ii) of Regulation S-K.

According to the Company, the results for the year ending
December 31, 2009, will segregate Corus Bank as discontinued
operations due to being placed into receivership and include their
results only through September 11, 2009.  The loss before income
taxes for Corus Bank for the period ending September 11, 2009,
will be approximately $817 million as compared to a $573 million
loss for the period ending December 31, 2008.  Additionally,
during the fourth quarter of 2009, the Company recorded an
expected income tax benefit of approximately $104.0 million
relating to the carryback of net operating losses to 2004 and
2005.  NOL carryback legislation was approved in November 2009
allowing taxpayers to carry back losses for five years instead of
two years.

                        Bankruptcy Warning

As reported by the Troubled Company Reporter on March 10, 2010,
Corus Bankshares said a Chapter 11 or liquidation are among the
alternatives being considered by the Company.  Corus said,
"Management is investigating alternatives for the Company's
future, including, but not limited to, reorganization under
Chapter 11, liquidation and the dissolution and winding up of the
Company.  Given the Company's outstanding obligations and other
contingencies, the Company presently does not believe that there
will be any assets remaining to be distributed to its common
shareholders."

                         About Corus Bank

Corus Bank, N.A., was the banking subsidiary of Chicago, Illinois-
based Corus Bankshares, Inc. (NASDAQ: CORS).  Corus Bank was
closed September 11, 2009, by regulators and the Federal Deposit
Insurance Corporation was named receiver.  To protect the
depositors, the FDIC entered into a purchase and assumption
agreement with MB Financial Bank, National Association, Chicago,
Illinois, to assume all of the deposits of Corus Bank.


CRESCENT RESOURCES: Taps UBS and Aladdin as Lead Arrangers
----------------------------------------------------------
Bill Rochelle at Bloomberg News reports that Crescent Resources
LLC jilted RBS Securities Inc. and instead selected new arrangers
for a $125 million secured financing to aid in an exit from
bankruptcy reorganization.  Although the bankruptcy court already
allowed RBS to serve as lead arranger, Crescent said in a March 30
bankruptcy court filing that UBS Securities LLC and Aladdin
Capital LLC made a better offer that has a "higher likelihood of
success" and contains "more favorable terms for the debtors."
Crescent arranged an April 5 hearing for approval of the agreement
with UBS and Aladdin.

Creditors are voting on the Crescent Chapter 11 plan in advance of
a May 20 confirmation hearing.  Significant terms of the Plan
include:

   -- Holders of prepetition secured debt will receive a
      combination of reinstated debt and 100% of the equity of the
      reorganized company.  Holders of the prepetition lenders
      claims aggregating $1.55 billion will recover 38% of their
      claims.

   -- General unsecured creditors owed a total of $305.4 million
      will receive an interest in a litigation trust to be formed
      as part of the Plan.

   -- Various project level lenders will have their existing debt
      reinstated.

Lazard estimates the Reorganized Debtors' enterprise value to
range from approximately $588 million to $665 million, with a
midpoint of roughly $626 million.  The Reorganization Value was
based on the estimated enterprise value of the operations and
assets of the Reorganized Debtors through the application of,
among other analyses, a discounted cash flow valuation methodology
of the Debtors' operations using a range of discount rates from
15% to 20%, which imputed a present value of free cash flows of
those operations over the life of the business.

Copies of the Amended Plan and Disclosure Statement are available
for free at:

    http://bankrupt.com/misc/Crescent_AmendedDS.pdf
    http://bankrupt.com/misc/Crescent_AmendedPlan.pdf

The Official Committee of Unsecured Creditors is opposing the
Plan.  It believes that a Chapter 7 liquidation will yield higher
recoveries for unsecured creditors.

                     About Crescent Resources

Crescent Resources, LLC -- http://www.crescent-resources.com/--
is a land management and real estate development company with
interests in 10 states in the southeastern and southwestern United
States.  Based in Charlotte, North Carolina, Crescent Resources is
a joint venture between Duke Energy and the Morgan Stanley Real
Estate Funds.  Established in 1969, Crescent creates mixed-use
developments, award-winning country club communities, single-
family neighborhoods, apartment and condominium communities, Class
A office space, business and industrial parks and shopping
centers.

Crescent Resources and 120 affiliates filed separate chapter 11
petitions on June 10, 2009 (Bankr. W.D. Tex. Lead Case No. 09-
11507).  The Hon. Craig A. Gargotta presides over the case.
Attorneys at Weil Gotshal Manges LLP represent the Debtors in
their Chapter 11 cases.  Eric J. Taube, Esq., at Hohmann, Taube &
Summers, L.L.P., serves as the Debtors' co-counsel.  Garden City
Group serves as claims and notice agent.  The Debtors disclosed
more than $1 billion each in assets and debts when they filed for
bankruptcy.


CREDITWEST CORP: Files for Chapter 11 in Santa Rosa, California
---------------------------------------------------------------
CreditWest Corp. filed for protection under Chapter 11 of the U.S.
Bankruptcy Code in Santa Rosa, California (Bankr. N.D. Calif. Case
No. 10-11212).

The petition says that assets and debts each range from $10
million to $50 million.  The 20 largest unsecured creditors
include auto sales entities, individuals and trusts.

Rohnert Park, California-based CreditWest is a company that helps
"credit-challenged buyers purchase quality automobiles," according
to its Web site.


DELTA MUTUAL: Delays Filing of 2009 Annual Report on Form 10-K
--------------------------------------------------------------
Delta Mutual, Inc., has failed to file its annual report on Form
10-K for the year ended December 31, 2009.  In a regulatory
filing, the Company said management is in the process of
finalizing the operating results of the 2009 fiscal year.  The
information could not be assembled and analyzed without
unreasonable effort and expense to the Company.  The Form 10-K
will be filed as soon as practicable and within the 15 day
extension period, the Company said.

On April 5, 2010, the Company filed a report of sales of the
Company's unregistered securities.  A copy of the sales report is
available at no charge at http://ResearchArchives.com/t/s?5eb5

Delta Mutual, Inc., invests in oil and gas properties in South
America.  It intends to focus its investments in the energy
sector, including development of energy producing investments and
alternative energy production in Latin America and North America.

As of September 30, 2009, the Company had $1,408,475 in total
assets, and total liabilities, all current, of $2,523,900.  As of
September 30, 2009, the Company had total deficiency of
$1,115,425.

On April 13, 2009, Wiener, Goodman & Company, P.C., in Eatontown,
New Jersey, raised substantial doubt about Delta Mutual, Inc.'s
ability to continue as a going concern after auditing the
Company's financial statements for the fiscal year ended
December 31, 2008.  The auditor noted that the Company has a
working capital deficiency, incurred losses from operations, needs
to obtain additional financing to meet its obligations on a timely
basis and to fulfill its proposed activities and ultimately
achieve a level of sales adequate to support its cost structure.


DERIK JOHN HART: Case Summary & 14 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Derik John Hart
        19243 Santa Rita St
        Tarzana, Ca 91356

Bankruptcy Case No.: 10-13535

Chapter 11 Petition Date: March 29, 2010

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Judge: Maureen Tighe

Debtor's Counsel: Gerald Wolfe, Esq.
                  19600 Fairchild Rd., Ste 295
                  Irvine, CA 92656
                  Tel: (949) 257-0961
                  Fax: (949) 608-8930
                  E-mail: gerald@gwesq.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 $1,367,600,
and total debts of $1,749,077.

A full-text copy of the Mr. Hart's petition, including a list of
his 14 largest unsecured creditors, is available for free at:

            http://bankrupt.com/misc/cacb10-13535.pdf

The petition was signed by Mr. Hart.


DOMINO'S PIZZA: Annual Shareholders' Meeting on April 28
--------------------------------------------------------
The Annual Meeting of Shareholders of Domino's Pizza, Inc., will
be held at the Domino's Pizza World Resource Center on April 28,
2010, at 10:00 a.m., local time, for these purposes:

     1. To elect the three Directors each for a term of three
        years;

     2. To approve an Amended and Restated Domino's Pizza Senior
        Executive Annual Incentive Plan;

     3. To ratify the selection of PricewaterhouseCoopers LLP as
        the independent registered public accountants for the
        Company for the current year; and

     4. To transact such other business as may properly come
        before the meeting.

Shareholders of record at the close of business on March 9, 2010,
are entitled to notice of and to vote at the Annual Meeting of
Shareholders and any adjournments or postponements thereof.

A full-text copy of the Company's proxy statement is available at
no charge at http://ResearchArchives.com/t/s?5ed9

                       About Domino's Pizza

Founded in 1960, Ann Arbor, Michigan-based Domino's Pizza, Inc.
(NYSE: DPZ) -- http://www.dominos.com/-- is the number one pizza
delivery company in the United States, based on reported consumer
spending, and has a leading presence internationally.

As of January 3, 2010, the Company had total assets of
$453.8 million against total debt of $1.572 billion, resulting in
stockholders' deficit of $1.321 billion.  As of January 3, 2010,
the Company had $42.4 million of unrestricted cash and cash
equivalents, $91.1 million of restricted cash and cash
equivalents, and $57.6 million of borrowings under its
$60.0 million variable funding note facility.


DUNHILL ENTITIES: Gets Interim OK to Hire Silver as Bankr. Counsel
------------------------------------------------------------------
Dunhill Entities, L.P., et al., sought and obtained interim
authorization from the Hon. William S. Shulman of the U.S.
Bankruptcy Court for the Southern District of Alabama to employ
Silver, Voit & Thompson, Attorneys at Law, P.C. --
lvoit@silvervoit.com -- as bankruptcy counsel.

Alexandra K. Garrett, a member of Silver Voit, says that the firm
will, among other things:

     a. analyze the Debtors' financial situation and render advice
        to the Debtors in connection with their lists;

     b. prepare and file petitions, schedules, statement of
        financial affairs, and other documents as may be required;

     c. prepare applications, pleadings, proposed orders, and
        other legal papers; and

     d. represent the Debtors at the meeting of creditors.

Mr. Garrett says that Silver Voit will be paid based on the hourly
rates of its personnel:

        Irving Silver                  $285
        Lawrence B. Voit               $275
        Barry L. Thompson              $265
        W. Alexander Gray, Jr.         $245
        Alexandra K. Garrett           $165

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

Dunhill Entities, LP, owns two petroleum storage facilities in
Alabama.

Dunhill Entities, along with affiliates, filed for Chapter 11
bankruptcy protection on March 26 in Mobile, Alabama (Bankr. S.D.
Ala. Case No. 10-01342).  The petition says assets are less than
$50 million while debt exceeds $50 million.


DUNHILL ENTITIES: Sec. 341(a) Meeting Scheduled for May 4
---------------------------------------------------------
The U.S. Trustee for Region 21 will convene a meeting of creditors
in Dunhill Entities, L.P.'s Chapter 11 case on May 4, 2010, at
2:00 p.m.  The meeting will be held at the Meeting Room, 182 St.
Francis Street, 3rd Floor, Mobile, AL 36602.

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.

Dunhill Entities, LP, owns two petroleum storage facilities in
Alabama.

Dunhill Entities, along with affiliates, filed for Chapter 11
bankruptcy protection on March 26 in Mobile, Alabama (Bankr. S.D.
Ala. Case No. 10-01342).  The petition says assets are less than
$50 million while debt exceeds $50 million.


DUNHILL ENTITIES: Proposes Arc Terminals-Led Auction for Assets
---------------------------------------------------------------
Dunhill Entities, L.P., et al., have asked for authorization from
the U.S. Bankruptcy Court for the Southern District of Alabama to
sell substantially all of the Debtors' assets free and clear of
liens, claims, encumbrances and other interests to secured
creditor Arc Terminals LP for $40,500,000, subject to higher and
better offers.

Of the $40,500,000 purchase price, $500,000 will be paid in cash,
while roughly $40,000,000 will be paid by the Proposed Purchaser
if it is the winning bidder through extinguishment of obligations
of the Debtors.  The Proposed Purchaser has agreed to assume
certain liabilities.

The Debtors commenced their Chapter 11 cases to implement the
terms of its Asset Purchase Agreement with the Proposed Purchaser
dated March 10, 2010, with the Proposed Purchaser.  Pursuant to
the APA, the Proposed Purchaser has agreed to act as a stalking
horse bidder to purchase the assets.  A copy of the APA is
available for free at:

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

The Debtors have also sought the Court's approval of the bid
procedures in connection with the sale of the Debtors' assets.
The Debtors have also asked the Court to allow the Proposed
Purchaser to credit bid for the assets at the auction up to the
full amount of the Proposed Purchaser's claims.

Interested parties must submit bids by April 28, 2010.  The
Debtors will make an initial determination as to which prospective
bidders have qualified to become a qualified bidder by April 30,
2010.

The bidding procedures permit qualified bidders an opportunity to
participate in the diligence process.  Any person conduction due
diligence must complete their due diligence by May 5, 2010.

Competing proposals must, among other things, be accompanied by a
cash deposit equal to 10% of the proposed consideration to be paid
under a competing proposal, and have a bid of cash consideration
that exceeds the purchase price as provided in the APA by at least
$250,000.

The Debtors are requesting a deadline for the submission of
competing proposals of 5:00 p.m., Central Time, on May 10, 2010.
The auction will take place on May 12, 2010, at 11:00 a.m.,
Central Time.  Minimum overbid increments at the auction will be
not less than $100,000.

Any objection relating to the prevailing bid must be filed by
May 13, 2010, at 5:00 p.m., Central Time.

A copy of the bidding procedures is available for free at:

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

The United States of America, by its attorney, Kenyen R. Brown,
United States Attorney, objects to Debtors' motion to sell
property of the estate, saying that the proposed order filed with
Debtors' sale motion contains language which could be read as
absolving the purchaser from liabilities under generally
applicable Federal law, including the environmental, antitrust,
labor, civil rights, and tax laws and perhaps even Federal
criminal law.  Mr. Brown says that his client demands that the
order be amended to resolve these deficiencies.

Mr. Brown says that the proposed order provides, in relevant part,
that "consummation of the transactions shall not subject the
Proposed Purchaser to any debts, liabilities, obligations,
commitments, responsibilities or claims of any kind . . . existing
as of the date hereof or hereafter arising . . . including,
without limitation, based on any theory of antitrust, successor
or transferee liability."  The proposed order, according to Mr.
Brown, states, in relevant part, that "the assets shall be
transferred to the Proposed Purchaser . . . free and clear of . .
. rights of recovery, claims for reimbursement, contribution,
indemnity, exoneration, products liability, alter-ego,
environmental, or tax."

Mr. Brown says that the proposed order also states, in relevant
part, that "the Proposed Purchaser shall not assume . . . any
liability for any liens, causes of action, claims (including,
without limitation, claims arising or sounding in tort,
environmental claims and claims of taxing authorities. . . ."

Mr. Brown states that the Order incorporated in the sale motion
appears to be contrary to numerous federal environmental and other
statutes.

                     About Dunhill Entities

Dunhill Entities, along with affiliates, filed for Chapter 11
bankruptcy protection on March 26 in Mobile, Alabama (Bankr. S.D.
Ala. Case No. 10-01342).  The petition says assets are less than
$50 million while debt exceeds $50 million.


DUNHILL ENTITIES: Gets Interim OK to Use Arc's Cash Collateral
--------------------------------------------------------------
Dunhill Entities, LP, et al., sought and obtained interim approval
from the Hon. William S. Shulman of the U.S. Bankruptcy Court for
the Southern District of Alabama to use until April 23, 2010, the
cash collateral of Arc Terminals, L.P., successor to Regions Bank
by virtue of certain sale and assignment agreement dated February
26, 2010.

Lawrence B. Voit, Esq., and Alexandra K. Garrett, Esq., at Silver,
Voit & Thompson, Attorneys at Law, P.C., the attorneys for the
Debtors, explain that the Debtors need the money to fund their
Chapter 11 case, pay suppliers and other parties.  The Debtors
will use the collateral pursuant to a budget, a copy of which is
available for free at:

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

In exchange for using the cash collateral, the Debtors will grant
the Lender valid and properly perfected priority security
interests and liens, superior to all other creditors of the
Debtor's estate, in and upon all of the Debtors' assets.  The
Debtor will make payments to the Lender on the first day of each
month, commencing April 1, 2010, and on the first day of each
month.  The Debtor will promptly and weekly deliver to Lender all
financial information reasonably requested by Lender, including,
but not limited to:

     a. by 2:00 p.m. on Wednesday of each week:

        i. an accounts receivable aging, reconciled to the prior
           week;

       ii. an accounts payable aging, reconciled to the prior
           week;

      iii. a statement of the prior week's sales and collections;
           and

       iv. a comparison of the Debtors' actual operations to the
           projections contained in the budget;

     b. by the 10th business day of each calendar month, a monthly
        profit and loss statement for the prior month; and

     c. all other financial information and reports prepared by
        the Debtor or professionals engaged by the Debtor.

The Court has set a final hearing for April 13, 2010 at 8:30 a.m.
on the Debtors' request to use cash collateral.

Dunhill Entities, along with affiliates, filed for Chapter 11
bankruptcy protection on March 26 in Mobile, Alabama (Bankr. S.D.
Ala. Case No. 10-01342).  The petition says assets are less than
$50 million while debt exceeds $50 million.


DYNEGY HOLDINGS: Moody's Reviews 'B2' Corporate Family Rating
-------------------------------------------------------------
Moody's Investors Service placed the long-term ratings of Dynegy
Holdings, Inc., under review for possible downgrade, including its
B2 Corporate Family Rating.  DHI's speculative grade liquidity
rating of SGL-3 is affirmed.

The rating action reflects the impact on financial metrics based
on the company's guidance for 2010 EBITDA (about 30% lower than
2009 actuals) due principally to reduced power margins caused
largely by lower natural gas prices.  The rating action factors in
Moody's expectation for continued compressed power margins for
2011, and considers the size of the company's capital expenditure
program over the next two years, driven by environmental
requirements, resulting in Moody's expectations for negative free
cash flow in 2010 and 2011.  While the LS Power transaction has
reduced debt by about $600 million and lowered near-term
refinancing risk, the projected credit metrics for 2010 and 2011
appear weak for the current rating category.

The SGL-3 rating affirmation reflects Moody's belief that DHI will
maintain adequate liquidity, reflecting a substantial degree of
cash on hand and liquidity access as well as the lack of any
material bond maturities until 2015.  As of February 19th, DHI had
$693 million of cash on hand and had access to about $1.5 billion
of multi-year credit facilities that expire in 2012 and 2013.  An
extension of DHI's bank credit facilities represents a key future
milestone for the company.  Moody's believes that based on
management's current forecast of financial performance during
2010, DHI's available liquidity capacity under these facilities
may be reduced in order to remain in compliance with the secured
debt to adjusted EBITDA ratio.  Notwithstanding this possibility,
Moody's believe that the company has adequate liquidity resources
to fund the negative free cash flow expected over the next twelve
months.  Moody's also believe while covenant compliance may become
tighter during 2010, the amendments made to the credit facility in
2009 should provide sufficient covenant cushion particularly
during the next twelve months.  This is particularly relevant
given the hedging strategy implemented during 2010.  In light of
these factors, Moody's believes DHI can maintain adequate
liquidity for the next twelve months.

The review will factor in the resulting credit metrics from the
company's 2010 EBITDA guidance, Moody's expectations for 2011
results, as well as the company's ability to fund negative free
cash flow during the next two years from existing liquidity
sources.

The last rating action on DHI occurred on April 8, 2009, when
DHI's ratings were downgraded, including the CFR which was
downgraded one notch to B2 from B1.

On Review for Possible Downgrade:

Issuer: Dynegy Capital Trust II

  -- Preferred Stock Shelf, Placed on Review for Possible
     Downgrade, currently (P)Caa1

Issuer: Dynegy Capital Trust III

  -- Preferred Stock Shelf, Placed on Review for Possible
     Downgrade, currently (P)Caa1

Issuer: Dynegy Holdings Inc.

  -- Probability of Default Rating, Placed on Review for Possible
     Downgrade, currently B2

  -- Corporate Family Rating, Placed on Review for Possible
     Downgrade, currently B2

  -- Multiple Seniority Shelf, Placed on Review for Possible
     Downgrade, currently (P)Caa1, (P)B3

  -- Senior Secured Bank Credit Facility, Placed on Review for
     Possible Downgrade, currently Ba2

  -- Senior Unsecured Regular Bond/Debenture, Placed on Review for
     Possible Downgrade, currently B3

Issuer: Dynegy Inc.

  -- Multiple Seniority Shelf, Placed on Review for Possible
     Downgrade, currently (P)Caa1

Issuer: NGC Corporation Capital Trust I

  -- Preferred Stock Preferred Stock, Placed on Review for
     Possible Downgrade, currently Caa1

Issuer: Roseton-Danskammer 2001

  -- Senior Secured Pass-Through, Placed on Review for Possible
     Downgrade, currently B2

Outlook Actions:

Issuer: Dynegy Capital Trust II

  -- Outlook, Changed To Rating Under Review From Stable

Issuer: Dynegy Capital Trust III

  -- Outlook, Changed To Rating Under Review From Stable

Issuer: Dynegy Holdings Inc.

  -- Outlook, Changed To Rating Under Review From Stable

Issuer: Dynegy Inc.

  -- Outlook, Changed To Rating Under Review From Stable

Issuer: NGC Corporation Capital Trust I

  -- Outlook, Changed To Rating Under Review From Stable

Issuer: Roseton-Danskammer 2001

  -- Outlook, Changed To Rating Under Review From Stable

Headquartered in Houston, Texas, DHI is an independent power
producer that owns a portfolio of more than 12,000 MW electric
generating assets.  DHI is wholly-owned by Dynegy Inc.


E*TRADE FIN'L: Annual Stockholders' Meeting on May 13
-----------------------------------------------------
The Annual Meeting of Stockholders of E*TRADE Financial
Corporation will be held at the Ritz-Carlton Hotel, 1250 South
Hayes Street, in Arlington, Virginia, on May 13, 2010, at
10:00 a.m. local time, for these purposes:

     1) To elect five directors to the Board of Directors;

     2) To authorize the Board of Directors to file an Amended and
        Restated Certificate of Incorporation to effect a reverse
        stock split of the outstanding shares of Common Stock of
        the Company, at a specified ratio of 1-for-10;

     3) To approve changes to the Company's 2005 Equity Incentive
        Plan, including increasing share authorization by 125
        million shares (subject to adjustment to 12.5 million
        shares if Proposal 2 is adopted and implemented);

     4) To consider and vote upon a proposal to ratify the
        selection of Deloitte & Touche LLP as independent
        registered public accounting firm for the Company for
        2010; and

     5) To act upon other business as may properly come before the
        meeting or any adjournment or postponement thereof.

The Board has fixed the close of business on March 15, 2010, as
the record date for determining those stockholders entitled to
vote at the meeting.

A full-text copy of the Company's proxy statement is available at
no charge at http://ResearchArchives.com/t/s?5eaa

                           About E*TRADE

The E*TRADE FINANCIAL (NASDAQ: ETFC) family of companies provides
financial services including trading, investing and related
banking products and services to retail investors.  Securities
products and services are offered by E*TRADE Securities LLC
(Member FINRA/SIPC).  Bank products and services are offered by
E*TRADE Bank, a Federal savings bank, Member FDIC, or its
subsidiaries.

                           *     *     *

As reported by the Troubled Company Reporter on March 25, 2010,
Standard & Poor's Ratings Services raised its long-term
counterparty credit rating on E*TRADE to 'CCC+' from 'CCC'.  At
the same time, S&P raised its long-term counterparty credit rating
on its subsidiary, E*TRADE Bank, to 'B' from 'B-'.  The outlook on
both is stable.


E*TRADE FIN'L: Eliminates Series A and B Preferred Stock
--------------------------------------------------------
E*TRADE Financial Corporation on March 30, 2010, filed
Certificates of Elimination with the Secretary of State of the
State of Delaware to eliminate the Company's Series A Preferred
Stock and its Series B Participating Cumulative Preferred Stock.

The Certificate of Elimination of the Series A Preferred
(a) eliminated the previous designation of one share of Series A
Preferred, which was not outstanding at the time of filing,
(b) upon such elimination, caused such share of Series A Preferred
to resume its status as an undesignated share of preferred stock
of the Company and (c) eliminated from the Restated Certificate of
Incorporation of the Company all references to the Series A
Preferred.  The Certificate of Elimination of the Series B
Preferred (a) eliminated the previous designation of 500,000
shares of Series B Preferred, none of which were outstanding at
the time of filing, (b) upon such elimination, caused such shares
of Series B Preferred to resume their status as undesignated
shares of preferred stock of the Company and (c) eliminated from
the Restated Certificate of Incorporation of the Company all
references to the Series B Preferred.

                           About E*TRADE

The E*TRADE FINANCIAL (NASDAQ: ETFC) family of companies provides
financial services including trading, investing and related
banking products and services to retail investors.  Securities
products and services are offered by E*TRADE Securities LLC
(Member FINRA/SIPC).  Bank products and services are offered by
E*TRADE Bank, a Federal savings bank, Member FDIC, or its
subsidiaries.

                           *     *     *

As reported by the Troubled Company Reporter on March 25, 2010,
Standard & Poor's Ratings Services raised its long-term
counterparty credit rating on E*TRADE to 'CCC+' from 'CCC'.  At
the same time, S&P raised its long-term counterparty credit rating
on its subsidiary, E*TRADE Bank, to 'B' from 'B-'.  The outlook on
both is stable.


DYNEGY HOLDINGS: Moody's Reviews 'B2' Corporate Family Rating
-------------------------------------------------------------
Moody's Investors Service placed the long-term ratings of Dynegy
Holdings, Inc., under review for possible downgrade, including its
B2 Corporate Family Rating.  DHI's speculative grade liquidity
rating of SGL-3 is affirmed.

The rating action reflects the impact on financial metrics based
on the company's guidance for 2010 EBITDA (about 30% lower than
2009 actuals) due principally to reduced power margins caused
largely by lower natural gas prices.  The rating action factors in
Moody's expectation for continued compressed power margins for
2011, and considers the size of the company's capital expenditure
program over the next two years, driven by environmental
requirements, resulting in Moody's expectations for negative free
cash flow in 2010 and 2011.  While the LS Power transaction has
reduced debt by about $600 million and lowered near-term
refinancing risk, the projected credit metrics for 2010 and 2011
appear weak for the current rating category.

The SGL-3 rating affirmation reflects Moody's belief that DHI will
maintain adequate liquidity, reflecting a substantial degree of
cash on hand and liquidity access as well as the lack of any
material bond maturities until 2015.  As of February 19th, DHI had
$693 million of cash on hand and had access to about $1.5 billion
of multi-year credit facilities that expire in 2012 and 2013.  An
extension of DHI's bank credit facilities represents a key future
milestone for the company.  Moody's believes that based on
management's current forecast of financial performance during
2010, DHI's available liquidity capacity under these facilities
may be reduced in order to remain in compliance with the secured
debt to adjusted EBITDA ratio.  Notwithstanding this possibility,
Moody's believe that the company has adequate liquidity resources
to fund the negative free cash flow expected over the next twelve
months.  Moody's also believe while covenant compliance may become
tighter during 2010, the amendments made to the credit facility in
2009 should provide sufficient covenant cushion particularly
during the next twelve months.  This is particularly relevant
given the hedging strategy implemented during 2010.  In light of
these factors, Moody's believes DHI can maintain adequate
liquidity for the next twelve months.

The review will factor in the resulting credit metrics from the
company's 2010 EBITDA guidance, Moody's expectations for 2011
results, as well as the company's ability to fund negative free
cash flow during the next two years from existing liquidity
sources.

The last rating action on DHI occurred on April 8, 2009, when
DHI's ratings were downgraded, including the CFR which was
downgraded one notch to B2 from B1.

On Review for Possible Downgrade:

Issuer: Dynegy Capital Trust II

  -- Preferred Stock Shelf, Placed on Review for Possible
     Downgrade, currently (P)Caa1

Issuer: Dynegy Capital Trust III

  -- Preferred Stock Shelf, Placed on Review for Possible
     Downgrade, currently (P)Caa1

Issuer: Dynegy Holdings Inc.

  -- Probability of Default Rating, Placed on Review for Possible
     Downgrade, currently B2

  -- Corporate Family Rating, Placed on Review for Possible
     Downgrade, currently B2

  -- Multiple Seniority Shelf, Placed on Review for Possible
     Downgrade, currently (P)Caa1, (P)B3

  -- Senior Secured Bank Credit Facility, Placed on Review for
     Possible Downgrade, currently Ba2

  -- Senior Unsecured Regular Bond/Debenture, Placed on Review for
     Possible Downgrade, currently B3

Issuer: Dynegy Inc.

  -- Multiple Seniority Shelf, Placed on Review for Possible
     Downgrade, currently (P)Caa1

Issuer: NGC Corporation Capital Trust I

  -- Preferred Stock Preferred Stock, Placed on Review for
     Possible Downgrade, currently Caa1

Issuer: Roseton-Danskammer 2001

  -- Senior Secured Pass-Through, Placed on Review for Possible
     Downgrade, currently B2

Outlook Actions:

Issuer: Dynegy Capital Trust II

  -- Outlook, Changed To Rating Under Review From Stable

Issuer: Dynegy Capital Trust III

  -- Outlook, Changed To Rating Under Review From Stable

Issuer: Dynegy Holdings Inc.

  -- Outlook, Changed To Rating Under Review From Stable

Issuer: Dynegy Inc.

  -- Outlook, Changed To Rating Under Review From Stable

Issuer: NGC Corporation Capital Trust I

  -- Outlook, Changed To Rating Under Review From Stable

Issuer: Roseton-Danskammer 2001

  -- Outlook, Changed To Rating Under Review From Stable

Headquartered in Houston, Texas, DHI is an independent power
producer that owns a portfolio of more than 12,000 MW electric
generating assets.  DHI is wholly-owned by Dynegy Inc.


EDMUND LANE: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Edmund Stevenson Lane
        9236 Inglebrook Drive
        Ooltewah, TN 37363

Bankruptcy Case No.: 10-11978

Chapter 11 Petition Date: April 2, 2010

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

Judge: John C. Cook

Debtor's Counsel: Richard L. Banks-blb, Esq.
                  Richard Banks & Associates
                  620 Church Street
                  P.O. Box 1515
                  Cleveland, TN 37364-1515
                  Tel: 423-479-4188
                  E-mail: bmerriman@rbankslawfirm.com

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

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

The Debtor did not file a list of creditors together with its
petition.

The petition was signed by the Debtor.


EIGEN INC: Court Extends Filing of Schedules Until May 14
---------------------------------------------------------
The Hon. Peter J. Walsh of the U.S. Bankruptcy Court for the
District of Delaware extended, at the behest of Eigen, Inc., the
filing of schedules of assets and liabilities and statement of
financial affairs until May 14, 2010.

Given the nature of the Debtor's business and the complexity of
its ongoing operations, the Debtor's representatives were unable
to assemble all of the information necessary to complete and file
the schedules and statement.

Grass Valley, California-based Eigen, Inc., a.k.a. Eigen, LLC,
develops tools for healthcare professionals.  The Company filed
for Chapter 11 bankruptcy protection on March 30, 2010 (Bankr. D.
Del. Case No. 10-11061).  Christopher A. Ward, Esq., at Polsinelli
Shughart PC, assists the Company in its restructuring effort.  In
its petition, the Company estimated its assets and debts at
$10,000,001 to $50 million.


EIGEN INC: Organizational Meeting to Form Panel on April 13
-----------------------------------------------------------
Roberta A. DeAngelis, Acting United States Trustee for Region 3,
will hold an organizational meeting on April 13, 2009, at
10:00 a.m. in the bankruptcy case of Eigen, Inc.  The meeting will
be held at J. Caleb Boggs Federal Building, 844 King Street, Room
5209, Wilmington, DE 19801.

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' cases.

The organizational meeting is not the meeting of creditors
pursuant to Section 341 of the Bankruptcy Code.  A representative
of the Debtor, however, may attend the Organizational Meeting, and
provide background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States
Trustee appoint a committee of unsecured creditors as soon as
practicable.  The Committee ordinarily consists of the persons,
willing to serve, that hold the seven largest unsecured claims
against the debtor of the kinds represented on the committee.
Section 1103 of the Bankruptcy Code provides that the Committee
may consult with the debtor, investigate the debtor and its
business operations and participate in the formulation of a plan
of reorganization.  The Committee may also perform other services
as are in the interests of the unsecured creditors whom it
represents.

Grass Valley, California-based Eigen, Inc., a.k.a. Eigen, LLC,
develops tools for healthcare professionals.  The Company filed
for Chapter 11 bankruptcy protection on March 30, 2010 (Bankr. D.
Del. Case No. 10-11061).  Christopher A. Ward, Esq., at Polsinelli
Shughart PC, assists the Company in its restructuring effort.  In
its petition, the Company estimated its assets and debts at
$10,000,001 to $50 million.


EIGEN INC: Sec. 341(a) Meeting Scheduled for May 7
--------------------------------------------------
The U.S. Trustee for Region 3 will convene a meeting of creditors
in Eigen, Inc.'s Chapter 11 case on May 7, 2010, at 10:30 a.m.
The meeting will be held at US District Court, 844 King Street,
Room 2112, Wilmington, Delaware.

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.

Grass Valley, California-based Eigen, Inc., a.k.a. Eigen, LLC,
develops tools for healthcare professionals.  The Company filed
for Chapter 11 bankruptcy protection on March 30, 2010 (Bankr. D.
Del. Case No. 10-11061).  Christopher A. Ward, Esq., at Polsinelli
Shughart PC, assists the Company in its restructuring effort.  In
its petition, the Company estimated its assets and debts at
$10,000,001 to $50 million.


EIGEN INC: Taps Polsinelli Shughart as Bankruptcy Counsel
---------------------------------------------------------
Eigen, Inc., has sought authorization from the U.S. Bankruptcy
Court for the District of Delaware to employ Polsinelli Shughart
PC as bankruptcy counsel, nunc pro tunc to the Petition Date.

Polsinelli Shughart will, among other things:

     a. take all necessary action to protect and preserve the
        estate of the Debtor, including the prosecution of actions
        on the Debtor's behalf, the defense of any actions
        commenced against the Debtor, the negotiation of disputes
        in which the Debtor is involved, and the preparation of
        objections to claims filed against the Debtor's estate;

     b. negotiate, prepare and pursue confirmation of a plan and
        approval of a disclosure statement;

     c. prepare motions, applications, answers, orders, reports,
        and other legal papers in connection with the
        administration of the Debtor's estate; and

     d. assist with any disposition of the Debtor's assets, by
        sale or otherwise.

Polsinelli Shughart will be paid based on the hourly rates of its
personnel:

        Christopher A. Ward, Shareholder        $400
        Justin K. Edelson, Associate            $250
        Shanti M. Katona, Associate             $250
        Lindsey M. Suprum, Paralegal            $175

Christopher A. Ward, Esq., the managing shareholder of Polsinelli
Shughart, assures the Court that the firm is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

Grass Valley, California-based Eigen, Inc., a.k.a. Eigen, LLC,
develops tools for healthcare professionals.  The Company filed
for Chapter 11 bankruptcy protection on March 30, 2010 (Bankr. D.
Del. Case No. 10-11061).  In its petition, the Company estimated
its assets and debts at $10,000,001 to $50 million.


ELECTRICAL COMPONENTS: Filing of Schedules Extended to May 29
-------------------------------------------------------------
The Hon. Kevin J. Carey of the U.S. Bankruptcy Court for the
District of Delaware extended, at the behest of Electrical
Components International, Inc., et al., the filing of schedules of
assets and liabilities, schedules of executor contracts and
unexpired leases, lists of equity security holders, schedules of
current income and expenditures, and statements of financial
affairs by an additional 30 days until May 29, 2010.

The Debtors said that to prepare the schedules and statements, the
Debtors would have to compile information from books, records, and
documents relating to the claims of approximately 5,000 creditors,
as well as the Debtors' many assets and contracts.  This
information, according to the Debtor, is voluminous and assembling
the necessary information would require a significant expenditure
of time and effort on the part of the Debtors and their employees
in the near term, when these resources would be best put toward
effectuating the Debtor's reorganization efforts.

St. Louis, Missouri-based Electrical Components International,
Inc. -- aka Whitehouse Acquisition Co.; Electrical Components
International DE Holdings Co.; Wirekraft Employment Co.; Wire
Harness Contractors, Inc.; Wire Harness Automotive, Inc.; Wire
Harness Industries Inc.; and Wirekraft LLC -- designs,
manufactures and markets wire harnesses and provides assembly
services primarily for major white goods appliance manufacturers.

The Company filed for Chapter 11 bankruptcy protection on
March 30, 2010 (Bankr. D. Del. Case No. 10-11054).  Stephen
Youngman, Esq., at Weil, Gotshal & Manges LLP, assists the Company
in its restructuring effort.

Chun I. Jang, Esq., Paul N. Health, Esq., and Travis A. McRoberts,
Esq., at Richards, Layton & Finger, P.A., are the Company's co-
counsel.

Epiq Bankruptcy Solutions is the Company's claims agent.

In its petition, the Company estimated its assets and debts at
$100,000,001 to $500 million.

These affiliates of the Company filed separate Chapter 11
petitions:

     -- ECM Holding Company (Case No. 10-11055), with estimated
        assets and debts at $100 million to $500 million;

     -- FP-ECI Holdings Company (Case No. 10-11056); and

     -- Noma O.P., Inc. (Case No. 10-11057).


ENVIRONMENTAL INFRASTRUCTURE: Delays Filing of 2009 Form 10-K
-------------------------------------------------------------
Environmental Infrastructure Holdings Corp. failed to file its
annual report on Form 10-K for the period ended December 31, 2009.
The Company said it was unable to file its Annual Report on Form
10-K for its fiscal year ended December 31, 2009 by the prescribed
date without unreasonable effort or expense because the Company
was unable to compile certain information required to permit the
Company to file a timely and accurate report on the Company's
financial condition.  The Company believes that the Annual Report
will be completed within the 15 day extension period provided
under Rule 12b-25 of the Securities Exchange Act of 1934.

As of February 26, 2010, the Board of Directors of the Company
accepted the resignation of Andrew B. Mazzone from the board, and
elected James K. Weber to fill the vacancy created by the
resignation of Mr. Mazzone.  Mr. Mazzone's decision to resign his
seat on the board did not arise or result from any disagreement
with the Company on any matters relating to the Company's
operations, policies or practices, but rather Mr. Mazzone's desire
to curtail his activities for personal reasons.  Mr. Weber's term
will expire at the Annual Stockholders Meeting in 2010.  There are
no understandings or arrangements between Mr. Weber and any other
person by which he was selected as a director.

As of February 26, 2010, the Board adopted amended and restated
bylaws of the Company.  The main changes in the By-Laws are:

     -- a provision for the manner in which shareholders can (a)
        call a special meeting of the shareholders and (b) bring
        business at an annual meeting

     -- changing the number of directors from (a) a minimum of
        1 and a maximum of 5 to (b) a minimum of 3 and a maximum
        as determined by the Board

     -- a provision for electronic notice of Board meetings and
        electronic notice to shareholders where permitted by law

     -- a provision that directors may electronically consent to
        take action without a meeting

     -- addition of limited liability language for directors

     -- addition of indemnification language for directors and
        officers

     -- the change of fiscal year from beginning on October 1 to
        beginning on January 1

     -- a provision that the By-Laws may be amended by the Board
        or by a 75% shareholders vote

As of September 30, 2009, the Company had $827,030 in assets
against total debts of $2,869,846.

Environmental Infrastructure Holdings Corp, formerly XIOM Corp,,
was incorporated in Delaware on March 2, 1998.  Xiom Corp. --
http://xiom-corp.com/-- manufactures industrial based thermal
spray coating systems in the United States.


EPV SOLAR: April 12 Hearing on Cash Collateral Use
--------------------------------------------------
The Hon. Michael B. Kaplan of the U.S. Bankruptcy Court for the
District of Delaware will consider at a hearing on April 12, 2010,
at 2:00 p.m., EPV Solar, Inc.'s access to prepetition lenders' DIP
loan and cash collateral.  The hearing will be held at the
Bankruptcy Court, 402 East State Street, Trenton, New Jersey.
Objections, if any, were due on April 5, 2010, at 5:00 p.m.

The Court authorized, on an interim basis, the Debtor to:

   -- obtain postpetition financing from Wells Fargo Bank, N.A.
      and the DIP lenders;

   -- use cash collateral of Patriarch Partners Agency Services,
      LLC, and the lenders party thereto; and

   -- grant adequate protection to prepetition lenders.

The Debtor was indebted, as of March 24, 2010, $3,694,681 plus
interest accruing, under the prepetition senior facility, dated as
of November 18, 2009, as amended.  The Debtor granted the
prepetition senior lenders, liens on substantially all of the
Debtor's assets.

The Debtor was also indebted to The Bank of New York Mellon, as
trustee, governing the 1% Convertible Senior Secured PIK Notes Due
2016.  The Debtor asserted that the senior secured noteholders'
liens upon and security interests in the Debtor's assets are
subordinated to the liens and security interests of the
prepetition senior lenders.  As of the petition date, the
obligations under the senior secured notes totaled $56.9 million.

The DIP loans will be used for the refinancing in full of all of
the Debtor's obligations, working capital and general corporate
purposes.

The DIP Lenders committed to provide the Debtors $4,200,000 in
postpetition financing in exchange for a superpriority
administrative expense claim, and a perfected first-priority lien
on all assets of the Debtor, but excluding the escrow established
under the payoff letter agreement with the prepetition senior
lenders.

The Debtor would use the cash collateral to fund its business
operations postpetition.

The senior secured noteholders, for adequate protection for
all lien subordination, will receive (a) replacement liens against
all of the Debtor's postpetition assets, subordinate to the liens,
(b) current interest at the non-default rate on the senior secured
notes; (c) a silent second lien on all property of the Debtor,
junior to all claims and liens of the DIP Agent and the DIP
lenders;

The Debtor is represented by:

     Kenneth A. Rosen, Esq.
     S. Jason Teele, Esq.
     Timothy R. Wheeler, Esq.
     Wojciech F. Jung, Esq.
     Lowenstein Sandler PC
     65 Livingston Avenue
     Roseland, New Jersey 07068
     Tel: (973) 597-2500
     Fax: (973) 597-2400

                           About EPV Solar

Robbinsville, New Jersey-based EPV Solar, Inc., fka Energy
Photovoltaics, Inc., filed for Chapter 11 bankruptcy protection on
February 24, 2010 (Bankr. D. N.J. Case No. 10-15173).  Kenneth
Rosen, Esq., and Samuel Jason Teele, Esq., at Lowenstein Sandler
PC, assist the Company in its restructuring effort.  The Company
estimated its assets and its debts at $50,000,001 to $100,000,000.


FANNIE MAE: Looks to Start Using Swaps Clearinghouse
----------------------------------------------------
The regulator of Fannie Mae and Freddie Mac is on the cusp of
making big changes to the market for interest-rate swaps, in a
move that could potentially cut into Wall Street firms' revenues
and generate new business for some firms that run exchanges,
according to American Bankruptcy Institute.

Fannie Mae -- http://www.fanniemae.com/-- is a government-
sponsored enterprise that was chartered by Congress in 1938.
Fannie Mae securitizes mortgage loans originated by lenders in the
primary mortgage market into mortgage-backed securities, which can
then be bought and sold in the secondary mortgage market.  Fannie
Mae also participates in the secondary mortgage market by
purchasing mortgage loans and mortgage-related securities,
including the Fannie Mae MBS, for its own mortgage portfolio.  In
addition, Fannie Mae makes other investments that increase the
supply of affordable housing.  Under its charter, Fannie Mae may
not lend money directly to consumers in the primary mortgage
market.  Although Fannie Mae is a corporation chartered by the
U.S. Congress, and although its conservator is a U.S. government
agency and Treasury owns its senior preferred stock and a warrant
to purchase its common stock, the U.S. government does not
guarantee its securities or other obligations.

                        Conservatorship

As reported by the Troubled Company Reporter, the U.S. government
took direct responsibility for Fannie Mae and Freddie Mac, placing
the government sponsored enterprises under conservatorship on
September 7, 2008.  James B. Lockhart, director of Federal Housing
Finance Agency, said that Fannie Mae and Freddie Mac share the
critical mission of providing stability and liquidity to the
housing market.  Between them, the Enterprises have $5.4 trillion
of guaranteed mortgage-backed securities (MBS) and debt
outstanding, which is equal to the publicly held debt of the
United States.  Among the key components of the conservatorship,
the FHFA, as conservator, assumed the power of the Board and
management.


FEY 240: To Pay Creditors from Sale or Refinancing
--------------------------------------------------
Fey 240 North Brand LLC filed with the U.S. Bankruptcy Court for
the Central District of California a Disclosure Statement
explaining its proposed Plan of Reorganization.

The Hon. Alan M. Ahart has scheduled a hearing on the approval of
the Debtor's Disclosure Statement yesterday, April 7, 2010, at
Courtroom 1375, 255 E Temple St., Los Angeles, California.

According to the Disclosure Statement, the plan provides for the
completion of the tenant improvements.  The Debtor proposes to pay
creditors from the rental income, sale or refinancing proceeds of
the property.  Most likely, under the Plan, holders undisputed
claims can expect payment of their claims.  The Debtor is
targeting a July 1, 2010 effective date for the Plan.

                       Treatment of Claims

The Plan did not provide for the estimated percentage recovery by
holders of Class 1 Secured Claims.

Class 2 - Unsecured Claims:

     Class 2A undisputed general unsecured claims ($848,352) will
     receive $16,006 monthly payments over 53 equal monthly
     payments.

     Class 2B Glendale Career Schools Inc. ($2,000,000) --
     whatever portion of the claim that would be allowed would be
     all due and payable upon the sale or refinance of the
     building.

     Class 2C ($22,500) will be paid pursuant to the lease terms.

Under the Plan, shareholders retain their membership interest in
the LLC.

A full-text copy of the Disclosure Statement is available for free
at http://bankrupt.com/misc/FEY240

The Debtor is represented by:

     John P. Schock
     Schock & Schock, alc
     210 So. Orange Grove Blvd., Suite 200
     Pasadena, CA 91105
     Tel: (626) 298-6446

Pasadena, California-based Fey 240 North Brand LLC, filed for
Chapter 11 on December 4, 2009 (Bankr. C.D. Calif. Case No. 09-
44228).  In its petition, the Debtor listed assets and debts both
ranging from $10,000,001 to $50,000,000.


FORD MOTOR: UAW Trust Closes Sale of 362,391,305 Warrants
---------------------------------------------------------
UAW Retiree Medical Benefits Trust on April 6, 2010, closed the
sale of 362,391,305 warrants, each of which represents the right
to purchase one share of common stock, par value $.01 per share,
of Ford Motor Company at an exercise price of $9.20 per share.

The offering price for the Warrants, which expire January 1, 2013,
was $5.00 per warrant and resulted in aggregate net proceeds to
the UAW VEBA of $1.78 billion.  The Company received no proceeds
from the offering.

In connection with the offering, the Company entered into an
Amended and Restated Warrant Agreement dated as of April 6, 2010,
with Computershare Trust Company, N.A., as Warrant Agent, that
amended the Warrant Agreement dated as of December 11, 2009.  The
Amended Warrant Agreement, among other things, provides for net
share settlement as the only permitted settlement method thereby
eliminating full physical settlement as an option and eliminates
certain of the transfer restrictions with respect to Warrants and
shares of Common Stock received upon exercise of the Warrants
purchased in a public offering.

                         About Ford Motor

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.

At December 31, 2009, the Company had US$194.850 billion in total
assets against US$201.365 billion in total liabilities.  Total
deficit attributable to Ford Motor at December 31, 2009, was
US$7.820 billion.

On March 4, 2009, Ford deferred future interest payments on its
6.50% Junior Subordinated Convertible Debentures due January 15,
2032, beginning with the April 15, 2009 quarterly interest
payment.

In March 2010, Moody's Investors Service raised Ford's Corporate
Family Rating (CFR) and Probability of Default Rating (PDR) to B2
from B3, secured credit facility to Ba2 from Ba3, senior unsecured
debt to B3 from Caa1, trust preferred to Caa1 from Caa2, and
Speculative Grade Liquidity rating to SGL-2 from SGL-3. Also
raised is Ford Credit's senior debt rating to B1 from B2.

On Nov. 3, 2009, S&P raised the corporate credit ratings on Ford
Motor Co. and Ford Motor Credit Co. LLC to 'B-' from 'CCC+'.  Ford
Motor Co. carries a long-term issuer default rating of 'CCC', with
a positive outlook, from Fitch Ratings.


FORD MOTOR: Sells $1.75 Billion of 5-Year Bonds
-----------------------------------------------
Bloomberg News' John Detrixhe, Pierre Paulden and Craig Trudell
report that Ford Motor Credit Co., Ford Motor Co.'s finance arm,
sold $1.75 billion of five-year debt, taking advantage of investor
demand for high-yield bonds, on pace for the longest rally since
1996.

According to Bloomberg, Ford Motor Credit was the biggest issuer
of speculative-grade securities in 2009 and the only one of the
three largest U.S. automakers to avoid bankruptcy.

Bloomberg says Ford Motor Credit sold the notes with a 7% coupon.
According to data compiled by Bloomberg, that is the lowest fixed-
rate yield Ford has paid on dollar bonds since June 2005, and
compares with the 8.7% rate on similar notes sold in September,.

According to Bloomberg, Ann Benjamin, who helps oversee $7 billion
of such debt for Neuberger Berman LLC in Chicago, said the market
is "pricing in a higher debt rating for Ford than the agencies"
such as Moody's Investors Service and Standard & Poor's.

Bloomberg further relates Ford's notes yield 441.6 basis points
more than similar-maturity Treasuries and are expected to be rated
B1 by Moody's, four steps below investment grade, and an
equivalent B+ by S&P.  That's tighter than the 565 basis-point
spread on Bank of America's U.S. High Yield Master II index, Dow
Jones points out.

"Ford is the one high-yield auto company investors feel good about
in terms of momentum and sales," Bloomberg quotes Lon Erickson, a
managing director at Santa Fe, New Mexico-based Thornburg
Investment Management, who helps oversee $4 billion in taxable
debt, as saying.


FREDDIE MAC: Looks to Start Using Swaps Clearinghouse
-----------------------------------------------------
The regulator of Fannie Mae and Freddie Mac is on the cusp of
making big changes to the market for interest-rate swaps, in a
move that could potentially cut into Wall Street firms' revenues
and generate new business for some firms that run exchanges,
according to American Bankruptcy Institute.

Fannie Mae -- http://www.fanniemae.com/-- is a government-
sponsored enterprise that was chartered by Congress in 1938.
Fannie Mae securitizes mortgage loans originated by lenders in the
primary mortgage market into mortgage-backed securities, which can
then be bought and sold in the secondary mortgage market.  Fannie
Mae also participates in the secondary mortgage market by
purchasing mortgage loans and mortgage-related securities,
including the Fannie Mae MBS, for its own mortgage portfolio.  In
addition, Fannie Mae makes other investments that increase the
supply of affordable housing.  Under its charter, Fannie Mae may
not lend money directly to consumers in the primary mortgage
market.  Although Fannie Mae is a corporation chartered by the
U.S. Congress, and although its conservator is a U.S. government
agency and Treasury owns its senior preferred stock and a warrant
to purchase its common stock, the U.S. government does not
guarantee its securities or other obligations.

                        Conservatorship

As reported by the Troubled Company Reporter, the U.S. government
took direct responsibility for Fannie Mae and Freddie Mac, placing
the government sponsored enterprises under conservatorship on
September 7, 2008.  James B. Lockhart, director of Federal Housing
Finance Agency, said that Fannie Mae and Freddie Mac share the
critical mission of providing stability and liquidity to the
housing market.  Between them, the Enterprises have $5.4 trillion
of guaranteed mortgage-backed securities (MBS) and debt
outstanding, which is equal to the publicly held debt of the
United States.  Among the key components of the conservatorship,
the FHFA, as conservator, assumed the power of the Board and
management.


GATEHOUSE MEDIA: Launches Online Rewards and Shopping Platform
--------------------------------------------------------------
GateHouse Media, Inc., on April 1, 2010, launched its newly
developed online membership rewards and shopping platform,
RadarFrog.com.

GateHouse said RadarFrog.com -- http://www.RadarFrog.com/-- is
ideal for shoppers who seek convenient ways to save money on
everyday purchases by offering its members a broad range of deals,
coupons and exclusive sales.  According to the Company, what makes
RadarFrog.com unique is the combination of national and local
merchants on one platform. Offers can be found from national
online and brick and mortar retailers, as well as locally owned
restaurants, retailers and other businesses.

"RadarFrog will let us connect our readers and local businesses in
a way that's never been done before," said Kirk Davis, GateHouse
Media President and COO.  "RadarFrog helps its members find great
savings in their communities. At the same time, RadarFrog will
allow participating merchants to make promotional offers to
thoughtful customers who shop frequently. We think it's a win-win
proposition, especially with recent shifts toward economical
spending and coupon usage."

Shannon Dunnigan, who has served in various digital revenue
capacities for GateHouse Media since 2006, has been named CEO of
RadarFrog.com.

"This is a great opportunity for GateHouse to reach beyond its
traditional local communities by giving all shoppers a convenient
way to save money," Mr. Dunnigan said. "At the same time, we are
staying true to our roots by offering our local merchants a
platform to access a broader audience."

RadarFrog.com has two levels of membership: Free membership with
registration, and a premium membership for $9.99 a month.  The
premium membership entitles users to a $25 gift certificate to
local restaurants and online delivery services each month, plus
access to even better deals, coupons and exclusive sales.

RadarFrog.com is a standalone Web site, and is also accessible
from all GateHouse Media Web site home pages.

                       About GateHouse Media

Based in Fairport, New York, GateHouse Media, Inc. (Pink Sheets
OTC: GHSE) is one of the largest publishers of locally based print
and online media in the United States as measured by its 87 daily
publications.  GateHouse Media currently serves local audiences of
more than 10 million per week across 21 states through hundreds of
community publications and local Web sites.

The Company's balance sheet at Dec. 31, 2009, showed
$591.2 million in assets and $1.3 billion in liabilities,
resulting to a $753.0 million stockholders' deficit.

As reported by the Troubled Company Reporter on Sept. 21, 2009,
Moody's downgraded GateHouse Media Operating, Inc.'s Corporate
Family rating to "Ca" from "Caa1" and its Probability of Default
rating to "Ca" from "Caa2", reflecting Moody's view of very high
default risk and weakened recovery prospects for debtholders in an
event of default scenario which is exacerbated by lingering
adverse current market conditions.


GENERAL GROWTH: Seeks Approval of $6.5-Bil. Investment Deals
------------------------------------------------------------
General Growth Properties, Inc., and its debtor affiliates seek
authority from Judge Allan L. Gropper of the United States
Bankruptcy Court for the Southern District of New York to enter
into investment agreements for more than $6.5 billion in equity
capital commitments.  The $6.5 billion investment commitment is
composed of:

      -- a cornerstone agreement with REP Investments LLC, to
         invest $2.625 billion in GGP's standalone emergence
         plan;

      -- an agreement with Fairholme Capital Management, LLC, to
         invest $2.8 billion; and

      -- an agreement with Pershing Square Capital Management,
         L.P., to invest $1.1 billion in reorganized GGP.

In consideration to REP, Fairholme and Pershing -- the Commitment
Parties -- the Debtors seek to issue warrants pursuant to the
investment agreements and certain warrant agreements.

                     Investment Agreements

Under the REP Agreement, REP has committed $2.625 billion for
nine months to sponsor a recapitalization of GGP through a plan
that is intended to maximize both current and long-term value for
shareholders, satisfy unsecured claims in full, and
enable GGP to emerge from bankruptcy on a stand-alone basis with
a diverse portfolio of high-quality income-producing assets,
strong cash flow, and a solid balance sheet, Marcia L. Goldstein,
Esq., at Weil, Gotshal & Manges LLP, in New York --
marcia.goldstein@weil.com -- says..  The Fairholme and Pershing
investments are incremental to the REP investment and will
further GGP's ability to provide a full cash option for all
creditors, she notes.

The salient terms of the Investment Agreements are:

  Investors           * REP, a new company owned by Brookfield.
                      * Fairholme; and
                      * Pershing.

  Investment          GGP: Total: $6.3 billion at $10 per share.
                        -- REP: $2.5 billion.
                        -- Fairholme: $2.7 billion
                        -- Pershing: $1.1 billion.

                      GGO: Total: $250 million at $5 per share.
                        -- REP: $125 million.
                        -- Fairholme: $89.25 million
                        -- Pershing: $35.75 million.

                      GGO is General Growth Opportunities, a new
                      company to which GGP would transfer
                      certain non-core assets that produce
                      little or no current income but have the
                      potential for significant long-term value.

  Term                * REP has committed through December 31,
                        2010.
                      * Fairholme and Pershing have each
                        committed through December 31, 2010, but
                        can terminate after November 1, 2010, if
                        GGP pursues a Competing Transaction.

  Corporate Debt      * Investment contemplates that GGP may
                        have $1.5 billion of unsecured corporate
                        debt upon emergence through
                        reinstatement and/or new debt.

  Consideration to    * Satisfaction in full of par plus accrued
  Unsecured Creditors   interest.

  Existing            * 34% of reorganized GGP
  Stockholders        * 86% of reorganized GGO

  Purchase Price per  * $10 per share of GGP and $5 per share of
  Share                 GGO

  Partial Commitment  * GGP will have the option to reduce the
  Replacement           Fairholme/Pershing commitment by up to
                        $1.9 billion if equity capital becomes
                        available on more advantageous terms
                        preclosing.

  Additional Capital  * In addition to the capital committed by
                        the Commitment Parties and any new debt,
                        GGP can secure an additional $500
                        million through the sale of shares to
                        third parties and an additional $150
                        million.

  GGO Distribution    * The distribution of GGO shares to GGP
  and Rights Offering   shareholders is a condition to closing
                        the transaction.
                      * In connection with the distribution, GGO
                        will commence a $250 million equity
                        rights offering.
                      * The Commitment Parties will commit to
                        purchase all unsubscribed shares in the
                        equity rights offering, with REP
                        providing $125 million, Fairholme
                        providing $89.25 million, and Pershing
                        providing $35.75 million.
                      * Each of REP and Fairholme/Pershing will
                        receive a minimum allocation of $50
                        million of GGO rights offering shares.
                      * Each of REP and Fairholme/Pershing will
                        receive $6.25 million in GGO shares as
                        consideration for the backstop
                        commitment.
                      * GGO will issue a note to GGP in an
                        amount equal to debt in excess of the
                        debt cap, claim in excess of the claims
                        cap and any payments by GGP in
                        settlement of the Hughes claims.

  Post-Emergence      * GGP: nine directors on the GGP board at
  Board of Directors    emergence:

                        -- three directors designated by REP and
                           one designated by Pershing.
                        -- REP has post-emergence board
                           designation
                        -- rights that ratchet down if its
                           percentage ownership decreases.
                        -- Fairholme and Pershing have no post
                           -emergence board designation rights.

                      * GGO: nine directors on the GGO board at
                        Emergence:
                        -- two directors designated by REP and
                           two designated by Pershing.
                      * All board designation rights at GGP and
                        GGO cease if the applicable investor's
                       percentage ownership falls below 10%.

  Conditions to       * Restructuring of GGP holding company
  Investors'            structure.
  Obligation to Close * Minimum liquidity floor of GGP of $500
                        million.
                      * Maximum debt cap.
                      * Maximum GGP share count.
                      * GGO distribution.
                      * Maximum GGO share count.
                      * Continued accuracy of GGP
                        representations and warranties, and
                        performance by GGP of its positive
                        and negative covenants.
                      * Absence of any Material Adverse Effect
                        on GGP.
                      * No injunction or legal impediment.
                      * Receipt of regulatory approvals and
                        third-party consents.
                      * Satisfaction of conditions in Bankruptcy
                        Court Confirmed Plan, in form and
                        substance satisfactory to the investors.
                      * Effectiveness of Securities and Exchange
                        Commission registration statements.
                      * Listing: New York Stock Exchange for
                        GGP; any U.S. stock exchange for GGO.
                      * REIT legal opinion.
                      * Non-Control Agreement.
                      * Completion of REP funding.

Full-text copies of the Investment Agreements are:

  http://bankrupt.com/misc/ggp_REPAgreement.pdf
  http://bankrupt.com/misc/ggp_FairholmeStockPurchaseAgr.pdf
  http://bankrupt.com/misc/ggp_PershingStockPurchaseAgr.pdf

                     REP-Sponsored Plan

REP will also sponsor a proposed standalone plan for GGP under
the REP Agreement, which Plan will allow existing shareholders to
participate in the upside of reorganized GGP or, if one becomes
available, a change of control transaction.

The REP-sponsored Plan provides treatment of these claims and
interests:

  (a) DIP Loan Claims will be paid in full, in cash on the
      effective date of the Plan.

  (b) Allowed Administrative Expense Claims will be paid in
      full, in cash on the Effective Date or on other terms as
      the parties may agree.

  (c) Allowed Priority Non-Tax Claims will be paid in full, in
      cash on the Effective Date or on other terms as the
      parties may agree.

  (d) Allowed Priority Tax Claims will either be (i) paid in
      full, in cash on the Effective Date; (ii) receive the
      treatment provided for in Section 1129(a)(9)(c) of the
      Bankruptcy Code; or (iii) receive treatment on
      other terms as the parties may agree.

  (e) Allowed Secured Tax Claims will either be (i) paid in
      full, in cash on the Effective Date; (ii) receive the
      treatment provided for in Section 1129(a)(9)(d); or (iii)
      receive treatment on other terms as the parties may agree.

  (f) Allowed Mechanics' Lien Claims will be paid in full, in
      cash on the Effective Date, as well as any amounts allowed
      and required to be paid pursuant to Section 506(b) of the
      Bankruptcy Code, including postpetition interest at the
      Federal Judgment Rate.

  (g) Allowed Other Secured Claims will either (a) be
      reinstated and rendered unimpaired; (b) receive cash in an
      amount equal to that allowed Other Secured Claim plus any
      interest allowed and required to be paid under Section
      506(b); (c) receive the collateral securing its
      allowed Other Secured Claim; or (d) other treatment as the
      holder of the Other Secured Claim and the Plan Debtors may
      agree.

  (h) On the Effective Date, the Allowed Rouse 8.00% Note Claims
      will be satisfied in full, in cash or will receive other
      treatment as is permissible pursuant to Section 1129 of
      the Bankruptcy Code.  In addition, the Plan Debtors will
      pay in cash any outstanding reasonable agent or trustee
      fees and expenses provided for under the applicable
      indenture.

  (i) On the Effective Date, Allowed Rouse 3.625% Note
      Claims will be satisfied in full, in cash or will receive
      other treatment as is permissible pursuant to Section
      1129.  The Plan Debtors also will pay in cash any
      outstanding reasonable agent or trustee fees and expenses
      provided for under the applicable indenture.

  (j) On the Effective Date, Allowed Rouse 5.375% Note
      Claims and Rouse 6-3/4% Note Claims (i) will be cured and
      reinstated in accordance with Section 1124 of the
      Bankruptcy Code or, at the option of the claimants, will
      be satisfied in cash at par plus accrued interest at the
      stated nondefault contract rate and will be deemed to have
      waived any other claims; or (ii) will receive other
      treatment as is permissible under Section 1129.  The Plan
      Debtors will pay in cash any outstanding reasonable agent
      or trustee fees and expenses provided for under the
      applicable indenture.

  (k) On the Effective Date, Allowed Rouse 7.20% Note Claims (i)
      will be cured and reinstated in accordance with Section
      1124 of the Bankruptcy Code or at the option of these
      holders, will be satisfied in cash at par plus accrued
      interest at the stated nondefault contract rate and will
      be deemed to have waived any other claims; or (ii) will
      receive other treatment as is permissible under Section
      1129.  The Plan Debtors will also pay in cash any
      outstanding reasonable agent or trustee fees and expenses
      provided for under the applicable indenture.

  (l) On the Effective Date, Allowed 2006 Bank Loan Claims will
      be satisfied in full, in cash.  The Plan Debtors will also
      pay in cash any outstanding reasonable agent fees and
      expenses provided for under the applicable loan agreement.

  (m) On the Effective Date, Allowed 144A Exchangeable Note
      Claims (i) will be cured and reinstated in accordance with
      Section 1124 or at the option of the holders, will be
      satisfied in cash at par plus accrued interest at the
      stated non-default contract rate and will be deemed to
      have waived any other claims; or (ii) will receive
      other treatment as is permissible under Section 1129.

  (n) On the Effective Date, Allowed 2006 Trust Preferred
      Shared and Junior Subordinated Notes will be cured and
      reinstated in accordance with Section 1124 or will receive
      other treatment permissible under Section 1129.

  (o) On the Effective Date, holders of Allowed General
      Unsecured Claims will receive payment in full, in cash
      with postpetition interest at the Federal Judgment Rate;
      or (ii) will receive other treatment under Section 1129.

  (p) On the Effective Date, Allowed Partner Note GGP/Homart II
      L.L.C. Claims (i) will be cured and reinstated in
      accordance with Section 1124; (ii) will be satisfied in
      full, in cash or (iii) will receive other treatment
      under Section 1129.

  (q) On the Effective Date, Allowed Partner Note GGP Ivanhoe,
      Inc. Claims (i) will be cured and reinstated under Section
      1124; (ii) will be satisfied in full, in cash; or (iii)
      will receive other treatment under Section 1129.  If
      holders of Allowed Partner Note GGP Ivanhoe, Inc. Claims
      are reinstated, the guaranty securing the obligations
      under the GGP Ivanhoe, Inc. Partner Note will be affirmed
      and will continue post emergence.

  (r) On the Effective Date, the joint venture agreement between
      GGP LP and TRS JV Holdco, LLC will be assumed, and the
      Plan Debtors will make any cure payments required.

  (s) As to Allowed Project Level Debt Guaranty Claims, holders
      of those claims will receive a replacement guaranty
      or other treatment under the Plan as contemplated
      by the Joint Plan of Reorganization.

  (t) On the Effective Date, the holders of allowed Hughes Heirs
      Obligations will receive property of a value (a) as agreed
      to by the Debtors and these holders or (b) ordered by the
      Bankruptcy Court, in satisfaction of the allowed amount of
      their claims or interests.

  (u) On the Effective Date, Intercompany Obligations will be
      reinstated and treated in the ordinary course of business
      or eliminated in the ordinary course of business,
      including the elimination of any Intercompany Obligations
      owed to or from any entities to be transferred to GGO.

  (v) On the Effective Date, holder of GGPLP LLC preferred
      equity interests will receive (a) a distribution of Cash
      based on its share of dividends accrued and unpaid before
      to the Effective Date and (b) reinstatement of its
      preferred units in Reorganized GGPLP LLC, which will be in
      the same number of preferred units in Reorganized GGPLP
      LLC as it held as of the record date in GGPLP LLC.

  (w) On the Effective Date, holders of GGPLP Preferred Equity
      Interests will receive (a) a distribution of Cash based on
      their pro rata share of dividends accrued and unpaid
      before the Effective Date and (b) may elect between (i)
      reinstatement of their preferred units in Reorganized
      GGPLP, which will be in the same number of preferred units
      in Reorganized GGPLP as they held as of the Record Date in
      GGPLP.

  (x) On the Effective Date, GGPLP Common UPREIT Units will
      receive (a) the same number of common units in Reorganized
      GGPLP as they held as of the Record Date, plus (b) GGO
      Common Stock calculated as if their GGPLP Common UPREIT
      Units were converted to GGP Common Stock on the day before
      the Record Date.

  (y) On the Effective Date, holders of GGP Common Stock will
      receive their proportionate share of (i) the New Common
      Stock and (ii) the GGO Share Distribution.

  (z) On the Effective Date, each holder of an outstanding
      Warrant will receive a treatment provided for that Warrant
      in the Investment Agreements.

(aa) On the Effective Date, each holder of an outstanding
      option to purchase GGP Common Stock will receive on
      account of that option, an option to purchase New Common
      Stock and an option to purchase GGO Common Stock.

A full-text copy of the Plan Term Sheet is available for free
at http://bankrupt.com/misc/ggp_REPPlanTermSheet.pdf

                     Issuance of Warrants

REP, Fairholme and Pershing will receive warrants exercisable
into shares of GGP common stock at a strike price of $15 per
share.  Specifically, REP will receive into 60 million shares of
GGP common stock at a strike price of $15 per share.  Fairholme
and Pershing collectively will receive warrants exercisable into
60 million shares of current GGP common stock at a strike price
of $15 per share, to be divided between them pro rata based on
their commitment level.  The Warrants to be granted to REP are
valued by GGP as of the market close on March 30, 2010, at about
$260 million, and the Warrants to be granted to Fairholme and
Pershing are valued at about $185 million and $74 million.

The Warrants would provide the Commitment Parties with 25% of the
total increase in equity value over $15 from the date the
Warrants are issued through the effective date of the Plan, Ms.
Goldstein relates.  After consummation of the restructuring
contemplated under the Investment Agreements, the GGP Warrants
and GGO Warrants will provide the Commitment Parties with about
10% of the total increase in equity value over $10.

The Commitment Parties will not receive under the Investment
Agreements any expense reimbursement, underwriting fees,
commitment fees, ticking fees, substantial contribution claims,
breakup fees, or any other form of compensation other than the
Warrants, Ms. Goldstein relates.  More importantly, the Warrants
are a condition to the agreements, and the Commitment Parties are
unwilling to provide their commitment without issuance of the
Warrants, she stresses.  She assures the Court that although the
Warrants represent significant consideration, they have no effect
on cash available for creditors and are necessary to obtain the
benchmark long-term financing offered by the Commitment Parties,
which is the best financing proposed to GGP as of March 31, 2010.
Moving forward without committed financing would unnecessarily
risk GGP's ability to maximize value for all stakeholders through
a competitive process, she maintains.

                      Bidding Procedures

The Debtors also ask the Court to approve bidding procedures for
interested parties to either acquire GGP or to finance its
standalone emergence.

GGP believes that the proposed Bidding Procedures will allow
parties sufficient time to finalize diligence and submit fully-
financed binding proposals by the conclusion of the bidding
period.  Specifically, the competitive capital raise and
strategic sale process underway is a two-round process, with the
first round concluding before hearing on the Bidding Procedures
Motion.

On March 3, 2010, GGP began working with strategic investors
interested in pursuing an M&A transaction and financial investors
that could sponsor a standalone emergence by providing them
access to reasonable due diligence in connection with their
potential submission of non-binding, detailed term sheets on or
before April 19, 2010.  GGP has also contacted certain parties
that have expressed an interest in making a proposal and will
provide requests for proposals and confidential information
memoranda to these parties.

GGP will share the Term Sheets submitted after the First Round
Bid Deadline with the advisors to the Official Committee of
Equity Security Holders and the Official Committee of Unsecured
Creditors, subject to applicable confidentiality agreements or
provisions.  On or before April 28, 2010, GGP will select those
proposals that qualify for participation in the second round
bidding process.  GGP will continue to engage market participants
to maximize value for its stakeholders by obtaining binding
benchmark proposals that either enhance or replace the Investment
Agreements.

General Growth proposes this timeline for the two-round
competitive capital raise and strategic sale process:

  April 19, 2010        Deadline for submission of first round
                        Bids.

  April 19 to 28, 2010  Analyze first round bids, including
                        consultation with the Equity Committee
                        and the Creditors' Committee.

                        Select qualifying bidders to proceed to
                        second round.

  April 29, 2010        Hearing on bid procedures motion.

  April 30 to June 2,   Commence second round of process.
  2010
                        Form consortia of bidders, if any.

                        Provide additional due diligence
                        information.

                        Negotiate documentation.

  June 2, 2010          Deadline for submission of second round
                        bids.

  June 3 to 15, 2010    Analyze second round bids, including
                        consultation with the Equity Committee
                        and Creditors' Committee.

  June 16 to July 2,    Select final bids.
  2010
                        Negotiate documentation with final
                        bidders, including Plan and Disclosure
                        Statement.

                        Consult with the Equity Committee and
                        Creditors' Committee on final
                        documentation.

                        Final Plan and Disclosure Statement.

  July 30, 2010         Disclosure Statement hearing.

  August 6, 2010        Commence solicitation.

  September 17, 2010    Voting deadline.

                        Objection deadline.

  September 30, 2010    Confirmation hearing.

The second round of the bidding process will commence upon
approval of the Bidding Procedures.  Prospective acquirers or
investors whose proposals were selected for the second round will
receive additional due diligence information, to the extent that
they have not previously received information or new information
becomes available, and GGP will negotiate documentation with the
Second Round Bidders.

The Second Round Bidders are expected to submit to "Bid
Notification Parties" fully-financed binding offers without any
contingencies or provisions relating to additional diligence,
along with proposed final documentation, on or before June 2,
2010.  GGP will share the Final Proposals with the Committee
Advisors, subject to applicable confidentiality agreements or
provisions.  GGP will analyze the Final Proposals received during
the second round, and on or before July 2, 2010, it intends to
select the transaction or transactions it intends to consummate
in connection with its Plan.

GGP, in consultation with the entities which submitted the
Successful Proposal, intends to file its Plan and the
accompanying Disclosure Statement with the Court on or around
July 2, 2010.

Parties submitting proposals may seek reimbursement of expenses
incurred in connection with these Bidding Procedures up to $1
million per bidder by providing a written request for
reimbursement with a summary and detailed backup for the expenses
incurred.  GGP will consider any request and, determine whether
to provide reimbursement; provided that in no event will the
company reimburse more than $10 million in the aggregate.

A full-text copy of the Bidding Procedures is available for free
at: http://bankrupt.com/misc/ggp_BiddingProcedures.pdf

Ms. Goldstein emphasizes that the Investment Agreements permit GGP
to achieve two key objectives:

  (i) obtain an emergence transaction with recovery levels that
      are not subject to risk due to potential changes in the
      marketplace; and

(ii) establish procedures to facilitate the most competitive
      process to select the best value-maximizing transaction.

Approval of the Bidding Procedures and authorization to issue the
Warrants will foster a highly competitive process available to
secure the best emergence transaction for all stakeholders, Ms.
Goldstein adds.

The Debtors further ask the Court to waive a 14-day stay under
Rule 6004(h) of the Federal Rules of Bankruptcy Procedures, citing
that the Investment Agreements require the issuance of the
Warrants within one business day after entry of an order approving
the Bidding Procedures Motion.

Judge Gropper will consider the Bidding Procedures Motion on April
29, 2010.  Objections are due April 22

                        GGP's Statement

General Growth Properties, Inc. (NYSE: GGP) announced that it has
filed with the U.S. Bankruptcy Court for the Southern District of
New York definitive documentation related to the previously
announced proposals from Brookfield Asset Management, Pershing
Square Capital Management and Fairholme Capital Management.  Under
the terms of the agreements, Brookfield, Pershing Square and
Fairholme will commit $6.55 billion of new equity capital at a
value of $15.00 per share to facilitate GGP's emergence from
bankruptcy.  In addition, the Company will issue warrants for 120
million shares exercisable at $15.00 per share, subject to
approval by the Bankruptcy Court.

GGP believes that this combined equity capital along with its
anticipated new $1.5 billion debt issuance -- or the reinstatement
of a comparable amount of existing debt -- would, if approved,
deliver substantially all of the cash required to fulfill the
Company's capital needs in connection with its emergence from
bankruptcy.  As part of the proposed transaction, GGP will form a
new company, General Growth Opportunities (GGO), which will own a
diverse portfolio of real estate assets, including the Company's
master planned communities and landmark properties such as Ward
Centers in Honolulu, Hawaii and South Street Seaport in New York
City.

The proposed plan provides unsecured creditors with par plus
accrued interest and, before taking into account the warrants, the
existing shareholders with approximately 34 percent of the equity
of reorganized GGP and 86 percent of the equity of GGO.  As is
typical in a bankruptcy process, GGP intends to continue to
explore alternative transactions that may deliver greater value
for the Company's stakeholders.

"This proposed transaction represents an important step toward our
goal of creating the greatest value for all our stakeholders,"
said Adam Metz, Chief Executive Officer of GGP.  "It provides for
a $6.55 billion investment at a value of $15 per share and par
plus accrued recovery for unsecured creditors, while providing GGP
with the flexibility to explore even better alternatives for an
emergence transaction.  Importantly, it allows GGP's existing
equity holders to participate in the potential upside value of GGP
and GGO, both of which will be better-capitalized companies
operating in an improving economy.  We have structured the
proposed transaction to protect the rights of minority
shareholders, including existing GGP equity holders, by
establishing certain ownership limits and voting restrictions.
The proposed transaction further builds on the tremendous momentum
we have achieved in the bankruptcy process to address our capital
structure and put the company on a solid financial foundation for
the future."

"The transaction we filed today will create two unique real estate
companies, each with a strong strategic focus and attractive
growth opportunities," said Thomas Nolan, President and Chief
Operating Officer of GGP.  "General Growth Properties will
concentrate on traditional shopping mall assets, including some of
the most profitable and strongest properties in the country, and
will benefit from GGP's recognized leadership in property
management, high-quality operations and innovation.  GGO will
consist of a diverse portfolio of real estate assets with
attractive long-term value-creation prospects."

As previously announced Brookfield Asset Management Inc. has
agreed to invest $2.625 billion in a proposed recapitalization of
GGP at a value of $15.00 per share.  In addition, Fairholme has
agreed to invest $2.8 billion and Pershing Square has agreed to
invest $1.1 billion of new equity capital at a value of $15.00 per
share.  These proposed transactions provide GGP with long-standing
commitments for a significant amount of equity financing, while
preserving for the Company the option to replace up to $1.9
billion of the new equity capital to the extent it is able to
raise equity capital on more attractive terms.

                       About General Growth

Based in Chicago, Illinois, General Growth Properties, Inc. --
http://www.ggp.com/-- is the second-largest U.S. mall owner,
having ownership interest in, or management responsibility for,
more than 200 regional shopping malls in 44 states, as well as
ownership in master planned community developments and commercial
office buildings.  The Company's portfolio totals roughly
200 million square feet of retail space and includes more than
24,000 retail stores nationwide.  General Growth is a self-
administered and self-managed real estate investment trust.  The
Company's common stock is trading in the pink sheets under the
symbol GGWPQ.

General Growth Properties Inc. and its affiliates filed for
Chapter 11 on April 16, 2009 (Bankr. S.D.N.Y., Case No.
09-11977).  Marcia L. Goldstein, Esq., Gary T. Holtzer, Esq.,
Adam P. Strochak, Esq., and Stephen A. Youngman, Esq., at Weil,
Gotshal & Manges LLP, have been tapped as bankruptcy counsel.
Kirkland & Ellis LLP is co-counsel.  Kurtzman Carson Consultants
LLC has been engaged as claims agent.  The Company also hired
AlixPartners LLP as financial advisor and Miller Buckfire Co. LLC,
as investment bankers.  The Debtors disclosed
$29,557,330,000 in assets and $27,293,734,000 in debts as of
December 31, 2008.

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


GENERAL GROWTH: Investors Expect Rival Proposal from Simon
----------------------------------------------------------
In light of General Growth Properties, Inc.'s filing of a
$6.5 billion proposal to fund its emergence from bankruptcy,
investors expect a rival proposal to come from Simon Property
Group Inc. as the most likely suitor, Reuters reports.

Simon should thus be highly incentivized to submit its proposal
soon to allow GGP to negotiate an acceptable agreement and decide
to move forward with Simon's bid before an April 29, 2010 hearing
in the United States Bankruptcy Court for the Southern District of
New York, a source familiar with the matter disclosed to Reuters.
If an agreement is reached, GGP would submit a Simon offer instead
of the existing proposal from REP Investments LLC, Fairholme
Capital Management and Pershing Square Capital pursuant to GGP's
proposed bidding process, Reuters notes.

The source further stated that it would be necessary for Simon to
submit a proposal before a company-set April 19 deadline for
interested parties to make themselves known, Reuters adds.

                 GGP's Strong Turnaround Aids
                     Company Restructuring

In another report, GGP's strong turnaround since its bankruptcy
has been great for investors who got in early on the rally and is
providing a unique tool for the company to complete its
restructuring, David McLaughlin of Dow Jones Newswires reports.

Mr. McLaughlin relates that GGP and its advisers are considering
new money by tapping a pool of investors that are normally
inaccessible to companies in bankruptcy.  GGP is also in a
position to sell securities to institutional investors like mutual
funds that focus on public markets, company advisers told Mr.
McLaughlin.

Ken Buckfire of Miller Buckfire & Co., LLC, investment banker to
GGP said about $1 billion to $2 billion of the $6.5 billion
proposal will come from selling equity through an exchangeable
note largely in public market investors, Mr. McLaughlin notes.
That part of the financing would be a first for a company in
bankruptcy, according to GGP's advisors, and it's opening a new
source of money for GGP as it works to emerge from bankruptcy, Mr.
McLaughlin relates.  The exchangeable note will convert into GGP
stock when it emerges from bankruptcy, Mr. McLaughlin adds.

                       About General Growth

Based in Chicago, Illinois, General Growth Properties, Inc. --
http://www.ggp.com/-- is the second-largest U.S. mall owner,
having ownership interest in, or management responsibility for,
more than 200 regional shopping malls in 44 states, as well as
ownership in master planned community developments and commercial
office buildings.  The Company's portfolio totals roughly
200 million square feet of retail space and includes more than
24,000 retail stores nationwide.  General Growth is a self-
administered and self-managed real estate investment trust.  The
Company's common stock is trading in the pink sheets under the
symbol GGWPQ.

General Growth Properties Inc. and its affiliates filed for
Chapter 11 on April 16, 2009 (Bankr. S.D.N.Y., Case No.
09-11977).  Marcia L. Goldstein, Esq., Gary T. Holtzer, Esq.,
Adam P. Strochak, Esq., and Stephen A. Youngman, Esq., at Weil,
Gotshal & Manges LLP, have been tapped as bankruptcy counsel.
Kirkland & Ellis LLP is co-counsel.  Kurtzman Carson Consultants
LLC has been engaged as claims agent.  The Company also hired
AlixPartners LLP as financial advisor and Miller Buckfire Co. LLC,
as investment bankers.  The Debtors disclosed
$29,557,330,000 in assets and $27,293,734,000 in debts as of
December 31, 2008.

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


GENERAL MOTORS: UAW Files Suit for $450-Mil. of Retiree Costs
-------------------------------------------------------------
The Associated Press reports that The United Auto Workers union
has sued General Motors Corp., saying the automaker owes it $450
million for retiree health care.  The lawsuit was filed Tuesday in
federal court in Detroit.

According to AP, the union said that in 2007, GM agreed to pay
$450 million to settle a UAW claim against Delphi Corp. as part of
Delphi's emergence from bankruptcy protection.  Delphi is GM's
former parts division.

AP relates the UAW said the agreement should still be in effect
even though GM went through its own bankruptcy reorganization in
2009.  The UAW said it demanded the payment from GM on October 29.

AP, citing court documents, relates GM responded with a letter
rejecting the union's demand.  The UAW says the money should go to
a union-run retiree health care fund.

                        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)


GENESCO INC: S&P Raises Corporate Credit Rating to 'BB-'
--------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Nashville-based footwear retailer Genesco to
'BB-' from 'B+'.  At the same time, S&P withdrew its issue-level
ratings on the company's subordinated debt because the company has
either converted or repaid the issue.  The rating outlook is
stable.

"The upgrade reflects the company's stable performance over the
past year during a challenging retail period and the substantial
improvement in its credit protection metrics from the repayment
and conversion of funded debt," said Standard & Poor's credit
analyst David Kuntz.  The stable ratings outlook reflects S&P's
expectation that operations should modestly improve over the near
term and that credit metrics are likely to remain in line with
recent levels.


GEORGE W. PARK: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: George W. Park Seed Co., Inc.
        PO Box 52999
        Greenwood, SC 29649

Bankruptcy Case No.: 10-02431

Chapter 11 Petition Date: April 2, 2010

Court: United States Bankruptcy Court
       District of South Carolina (Spartanburg)

Judge: Judge John E. Waites

Debtor's Counsel: R. Geoffrey Levy, Esq.
                  2300 Wayne Street
                  Columbia, SC 29201
                  Tel: 803-256-4693
                  E-mail: llfecf@levylawfirm.org

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

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

A copy of the Company's list of 20 largest unsecured creditors
filed together with the petition is available for free at
http://bankrupt.com/misc/scb10-02431.pdf

The petition was signed by Charles Fox, president.


GERALD LEE BYBEE: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Gerald Lee Bybee
        9499 Mill Station Road
        Sebastopol, CA 95472

Bankruptcy Case No.: 10-11099

Chapter 11 Petition Date: March 29, 2010

Court: United States Bankruptcy Court
       Northern District of California (Santa Rosa)

Judge: Alan Jaroslovsky

Debtor's Counsel: Steven M. Olson, Esq.
                  Law Offices of Steven M. Olson
                  100 E St. #214
                  Santa Rosa, CA 95404
                  Tel: (707) 575-1800
                  E-mail: smo@smolsonlaw.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/canb10-11099.pdf

The petition was signed by Mr. Bybee.


GERARD LOMBARDO: Case Summary & 8 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Gerard T Lombardo, MD
        136 Argyle Rd.
        Brooklyn, NY 11218

Bankruptcy Case No.: 10-42871

Chapter 11 Petition Date: April 2, 2010

Court: U.S. Bankruptcy Court
       Eastern District of New York (Brooklyn)

Judge: Carla E. Craig

Debtor's Counsel: Bruce Weiner, Esq.
                  Rosenberg Musso & Weiner LLP
                  26 Court Street
                  Suite 2211
                  Brooklyn, NY 11242
                  Tel: 718-855-6840
                  Fax: 718-625-1966
                  E-mail: rmwlaw@att.net

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

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

According to the schedules, the Debtor says that assets total
$1,100,000.00 while debts total $1,627,295.52.

A copy of the Debtor's list of 8 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/nyeb10-42871.pdf

The petition was signed by the Debtor.


GLOWPOINT INC: Reports $547,000 Net Loss for 2009
-------------------------------------------------
Glowpoint, Inc., reported a net loss of $547,000 for the year
ended December 31, 2009, from a net loss of $7,315,000 for 2008.
Revenue was $26,540,000 for 2009 from $24,537,000 for 2008.

At December 31, 2009, the Company had total assets of $6,914,000
against total liabilities of $5,761,000 resulting in stockholders'
equity of $1,153,000.  At December 31, 2008, the Company had
stockholders' deficit of $3,213,000.  Also at December 31, 2009,
the Company had accumulated deficit of $162,405,000 from
accumulated deficit of $185,409,000 at December 31, 2008.

In its annual report on Form 10-K, the Company said that although
it generated cash from operations of $124,000 for the year ended
December 31, 2009, it has had negative operating cash flows since
inception.  At December 31, 2009, the Company had cash of
$587,000, a working capital deficit of $1,365,000 and an
accumulated deficit of $162,405,000.  However, the Company has
historically been able to raise capital in private placements,
most recently $3,000,000 in March 2010, amended the terms of its
preferred stock to eliminate any dividends until January 2013, and
have reached settlements with a majority of the taxing authorities
in which the Company had accrued sales and use taxes and
regulatory fees.

Specifically, on March 30, 2010, Glowpoint announced the
completion of a series of transactions to provide funds to
accelerate the Company's growth plans and improve the Company's
capital structure.  The additional equity capital allows the
Company to more aggressively pursue opportunities in the market
and build on its industry leadership position.  The highlights of
this transaction include:

     -- Additional Equity Capital: The Company raised additional
        equity capital with gross proceeds of $3 million by
        selling 30 shares of its newly-created Perpetual Series B
        Preferred Stock at a price per share of $100,000.  The
        Perpetual Series B Preferred Stock is not convertible into
        common stock, has a liquidation preference equal to its
        Stated Value, is redeemable by the Company at its option,
        and is entitled to 4% cumulative dividends commencing
        January 1, 2013, which increase to 12% starting January 1,
        2014.

     -- Exchange of $21.6 million of Series A-2 Preferred Stock:
        The Company exchanged shares of its Series A-2 Preferred
        Stock with an aggregate liquidation preference of
        approximately $21.6 million for (i) 50 shares of its
        newly created Perpetual Series B Preferred Stock, which
        have a liquidation preference of $5 million, and (ii)
        15,452,000 shares of common stock.

"As a result of this transaction, we have raised additional equity
capital to accelerate our growth plans, while at the same time
reducing the aggregate liquidation preference of our preferred
stock from about $34 million to about $20.2 million," said Dave
Robinson, Glowpoint's Co-Chief Executive Officer, in a statement.
"This transaction demonstrates the strong support of our investors
and their belief in the Company's vision for the tremendous
opportunity that lies ahead.  We believe the Company is now very
well positioned from a fundamental business perspective and
capital markets perspective. The prospects of tapping the credit
markets have, for the first time in many years, improved
dramatically, potentially providing additional financial
flexibility to finance growth while minimizing shareholder
dilution."

The Perpetual Series B Preferred Stock and common stock was issued
to an institutional investor, who is an accredited investor, and
in reliance upon exemptions from registration pursuant to Sections
3(a)(9) and 4(2) of the Securities Act of 1933, as amended, and
Regulation D thereunder.

Burnham Hill Partners LLC, a subsidiary of Burnham Hill Capital
Group LLC, acted as exclusive placement agent and financial
advisor to the Company.

Based primarily on the Company's March 2010 financing, along with
its cash flow projection, the Company believes that it has, and
will have, sufficient cash flow to fund its operations through at
least March 31, 2011.

A full-text copy of the Company's earnings release is available at
no charge at http://ResearchArchives.com/t/s?5eb3

A full-text copy of the Company's annual report on Form 10-K is
available at no charge at http://ResearchArchives.com/t/s?5eb4

At September 30, 2009, the Company had total assets of $7,192,000
against total liabilities of $8,777,000, resulting in
stockholders' deficit of $1,585,000.

"We have incurred recurring operating losses and negative
operating cash flows since our inception including a net loss
attributable to common stockholders of $3,222,000 for the nine
months ended September 30, 2009.  At September 30, 2009, we had
cash and cash equivalents of $1,124,000, a working capital deficit
of $4,355,000 and an accumulated deficit of $165,016,000.  We have
raised capital in private placements and have amended the terms of
our Preferred Stock to eliminate any dividends until January 2013,
but continue to sustain losses and negative operating cash flows.
Additionally, current economic conditions may cause a decline in
business and consumer spending which could adversely affect our
business and financial performance.  These factors raise
substantial doubt as to our ability to continue as a going
concern," the Company said in its Form 10-Q filing with the
Securities and Exchange Commission.

Based in Hillside, New Jersey, Glowpoint, Inc.. provides advanced
video communications solutions.  Its suite of telepresence and
video communications solutions enable organizations to communicate
with each other over disparate networks and technology platforms
-- empowering business, governmental agencies and educational
institutions to sharply boost the impact and productivity of their
internal and external communications while at the same time
reducing their on-going operating costs.  The Company supports
thousands of video communications systems in more than 35
countries with its 24/7 managed video services, powering
Fortune(R) 500 companies, major broadcasters, as well as global
carriers and video equipment manufacturers and their customers
around the world.


GOTTSCHALKS INC: GE Credit Objects to Turnover of Funds
-------------------------------------------------------
BankruptcyData.com reports that General Electric Credit filed with
the U.S. Bankruptcy Court an objection to Gottschalks Inc.'s
motion to enforce the DIP financing order.

The objection states that in seeking to compel GECC to turn over
funds being held as security for the Debtor's obligation under the
final DIP order, the Company ignores or misinterprets the plain
terms of that order.

According to GECC, the Court order, among other things, provides
that all funds held by GECC constitute DIP collateral that secure
and are to be applied in reduction of all DIP obligations and pre-
petition obligations of the Company to GECC.

Headquartered in Fresno, California, Gottschalks Inc. (Pink
Sheets: GOTTQ.PK) -- http://www.gottschalks.com/-- is a regional
department store chain, operating 58 department stores and three
specialty apparel stores in six western states.  Gottschalks
offers better to moderate brand-name fashion apparel, cosmetics,
shoes, accessories and home merchandise.

The Company filed for Chapter 11 protection on January 14, 2009
(Bankr. D. Del. Case No. 09-10157).  O'Melveny & Myers LLP
represents the Debtor in its Chapter 11 case.  Lee E. Kaufman,
Esq., and Mark D. Collins, Esq., at Richards, Layton & Finger,
P.A., serves as the Debtors' co-counsel.  The Debtor selected
Kurtzman Carson Consultants LLC as its claims agent.  The U.S.
Trustee for Region 3 appointed seven creditors to serve on an
official committee of unsecured creditors.  When the Debtor filed
for protection from its creditors, it listed $288,438,000 in total
assets and $197,072,000 in total debts.


GULF COAST REFERRAL: Case Summary & 13 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Gulf Coast Referral Services, LLC
            fka Central Baldwin Enterprises, LLC
            fka Spanish Trail Investments, LLC
        6351 Monroe Street
        Daphne, AL 36526

Bankruptcy Case No.: 10-01385

Chapter 11 Petition Date: March 29, 2010

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

Judge: Bankruptcy Judge Margaret A. Mahoney

Debtor's Counsel: Irvin Grodsky, Esq.
                  P.O. BOX 3123
                  Mobile, AL 36652-3123
                  Tel: (251) 433-3657
                  E-mail: igpc@irvingrodskypc.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 13 largest unsecured creditors is
available for free at:

            http://bankrupt.com/misc/alsb10-01385.pdf

The petition was signed by Rex A. Nichols, managing member of the
Company.


HANDICAPPED SALES: Case Summary & 6 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Handicapped Sales Workshop, Inc.
          dba HSW, Inc.
        2705 Gateway Drive
        Pompano Beach, FL 33069

Bankruptcy Case No.: 10-17897

Chapter 11 Petition Date: March 29, 2010

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

Judge: John K. Olson

Debtor's Counsel: Robert C. Furr, Esq.
                  2255 Glades Rd #337W
                  Boca Raton, FL 33431
                  Tel: (561) 395-0500
                  Fax: (561) 338-7532
                  E-mail: bnasralla@furrcohen.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 $2,383,915,
and total debts of $2,877,380.

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/flsb10-17897.pdf

The petition was signed by Elyse Lenihan, president of the
Company.


HOLDINGS GAMING: Moody's Downgrades Corp. Family Rating to 'Caa3'
-----------------------------------------------------------------
Moody's Investors Service downgraded Holdings Gaming Borrower's
Corporate Family Rating and Probability of Default Rating to Caa3
from Caa2.  Moody's also lowered the company's senior secured
revolver and the first lien first out term loan to Caa1 from B3,
and its first lien first loss term loan to Ca from Caa3.  The
rating outlook is negative.  This rating action concludes the
review for possible further downgrade that was placed on
January 7, 2010.

The Caa3 and negative outlook reflects Moody's opinion that HGB's
capital structure is not sustainable in its current form and may
require a restructuring that involves some level of impairment to
debt holders.  Despite a modest recent improvement in operating
results, Moody's believes that HGB will not generate sufficient
cash flow to support its fixed charges in the next 12-18 months.
HGB's weak financial condition is primarily due to the much slower
than expected ramp up of its sole gaming asset -- Rivers casino in
located in downtown Pittsburgh -- which opened in August 2009.
HGB is currently in default with the financial covenants under its
loan credit agreement.  Additionally, HGB's auditors have
expressed a going concern issue in the company's December 31, 2009
audited financial report.

Ratings downgraded:

  -- Corporate Family Rating to Caa3 from Caa2

  -- Probability of Default Rating to Caa3 from Caa2

  -- $305 million first lien first-out term loan due 2013 to Caa1
     (LGD 2, 25%) from B3 (LGD 2, 25%)

  -- $10 million first lien revolver due 2013 to Caa1 (LGD 2, 25%)
     from B3 (LGD 2, 25%)

  -- $100 million first lien first-loss term loan due 2013 to Ca
     (LGD 4, 68%) from Caa3 (LGD 4, 69%)

The last rating action was on January 7, 2010, when Moody's
lowered HGB's Corporate Family and Probability of Default ratings
to Caa2 from Caa1 and placed all ratings for possible further
downgrade.

Through a subsidiary, Holdings Gaming Borrower, LP, operates the
Rivers Casino in Pittsburgh, PA.


HOTEL EQUITY V: Wells Fargo Seeks Dismissal of Involuntary Case
---------------------------------------------------------------
Carla Main at Bloomberg News reports that Wells Fargo Bank asked
the U.S. Bankruptcy Court in Wilmington, Delaware, to dismiss an
involuntary case brought "in bad faith" against Hotel Equity V
LLC.

Capstead Mortgage Corp., one of three parties that signed the
Chapter 11 petition, is "the parent company to an out of the money
loan participant" and the holder of a claim "manufactured for the
sole purpose of bringing the petition," Wells Fargo said in court
papers.

Wells Fargo says that continuation of the case would result in
"substantial and continuing loss to the estate," because the
property incurs monthly operating costs, and needs a capital
investment of "at least $35 million" to restore it.

Three creditors filed an involuntary Chapter 11 petition on
March 19 in Delaware against Hotel Equity Fund V LLC (Bankr. D.
Del. Case No. 10-10951).

Hotel Equity's principal asset is the Four Seasons Resort Nevis,
West Indies.  The resort's Web site says the hotel was damaged by
Hurricane Omar in 2008 and is closed, Bloomberg News reported.
The three petitioning creditors have claims just above $300,000.
The largest of the three is $275,000 owing to Capstead Mortgage
Corp., for an unsecured loan.


HOTELS UNION: Control of W Hotel Union Square Questioned
--------------------------------------------------------
Bill Rochelle at Bloomberg News reports that Union Square Real
Holding Corp., the new owner of a mezzanine loan on the W New York
Union Square hotel had filed a lawsuit in bankruptcy court,
questioning whether one of the three mezzanine lenders to the
hotel has the right to send the hotel to Chapter 11.  In the
complaint, USRHC is asking the bankruptcy judge to prevent the
bankrupt mezzanine lender, Hotels Union Square Mezz 1 LLC, from
putting the hotel itself into Chapter 11.

According to the report, USRHC explains in the complaint how the
$285 million acquisition of the hotel in October 2006 was financed
by a $115 million first mortgage, three mezzanine loans totaling
$117 million, and a $53 million equity investment by an affiliate
of Dubai World.  USRHC spent $3.6 million on March 9 to buy a
second $37 million mezzanine loan.  USRHC made the new investment
to protect its $53 million investment in the hotel.  Exercising
rights under a pledge agreement, USRHC alleges that on March 22 it
removed all of the officers of Hotels Union Square Mezz 1 LLC.
Nonetheless, according to the complaint, the incumbent officers
went ahead and authorized the Chapter 11 filing on March 23.

The report adds that the complaint says that Hotels Union Square
Mezz 1 LLC has a pledge of the ownership interest in the hotel
itself.  USRHC said it will ask the bankruptcy judge to block a
Chapter 11 filing for the hotel itself.

A date for a hearing on a motion for a temporary injunction hadn't
been set by yesterday afternoon.  HSRHC wants to prevent a
bankruptcy by the hotel to fend off a default on the $115 million
first mortgage which is current.  USRHC says income is sufficient
to pay operating expenses and debt service the first mortgage.

                   About Hotels Union Square

Hotels Union Square Mezz 1 LLC filed for Chapter 11 bankruptcy on
March 23, 2010 (Bankr. D. Del. Case No. 10-10971) to block a
foreclosure auction by its mezzanine lender.

Hotels Union owns the W New York Union Square hotel, located on
Park Avenue South.  Hotels Union, an entity controlled by an
affiliate of Lubert-Adler Real Estate Funds known as LEM, said it
owes its creditors between $100 million and $501 million.

The Dubai World unit that purchased the hotel paid $285 million
for it in 2006.  LEM, a lender on the property, foreclosed on the
hotel in December 2009 after the Dubai World unit missed making
mortgage payments.  But then DekaBank Deutsche Girozentrale
announced it was going to foreclose on the property because LEM
had failed to pay on its loans.  As an unsecured creditor,
DekaBank is owed $60 million.


HOUSTON MISSION: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Joint Debtors: Houston Mission Plaza 1, Ltd
               Houston Mission Plaza, II, Ltd.
               14601 Bellaire Blvd.
               Houston, Tx 77083

Bankruptcy Case No.: 10-32678

Chapter 11 Petition Date: April 2, 2010

Court: U.S. Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Karen K. Brown

Debtor's Counsel: Owen S Jones, Esq.
                  Attorney at Law
                  211 E Parkwood
                  Ste 110
                  Friendswood, TX 77546
                  Tel: 281-992-1541
                  Fax: 281-648-2427
                  E-mail: owenjoneslaw@yahoo.com

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

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

The Company did not file a list of creditors together with its
petition.

The petition was signed by Steve Weinreb, manager.


HOW AND WEN INC: Case Summary & 6 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: How and Wen, Inc.
        P.O. Box 654
        Saint Augustine, FL 32085

Bankruptcy Case No.: 10-02546

Chapter 11 Petition Date: March 29, 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
                  E-mail: 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 $1,581,500,
and total debts of $1,843,640.

A list of the Company's 6 largest unsecured creditors is available
for free at:

            http://bankrupt.com/misc/flmb10-02546.pdf

The petition was signed by Donna R. Wendler, president of the
company.


IMPERIAL CAPITAL: Can Sell Automobiles "As-Is, Where-Is"
--------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of California
authorized Imperial Capital Bancorp, Inc., to complete the sale of
any automobile for which the purchase price is equal to or greater
than the minimum price.  The sale of the automobile is on an as-is
and where-is basis.

La Jolla, California-based Imperial Capital Bancorp, Inc., filed
for Chapter 11 bankruptcy protection on December 18, 2009 (Bankr.
S.D. Calif. Case No. 09-19431).  Gregory K. Jones, Esq., at
Stutman, Treister & Glatt, P.C., 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.


INTELSAT SA: John Joyce Steps Down as Director
----------------------------------------------
John Joyce has resigned as a director of Intelsat S.A. effective
as of March 25, 2010.

Headquartered in Pembroke, Bermuda, Intelsat Ltd., formerly
PanAmSat Corp., -- http://www.intelsat.com/-- is the largest
fixed satellite service operator in the world and is owned by
Apollo Management, Apax Partners, Madison Dearborn, and Permira.
The company has a sales office in Brazil.

Intelsat Ltd.'s balance sheet showed total assets of
US$12.05 billion, total debts of US$12.77 billion and
stockholders' deficit of US$722.3 million as of March 31, 2008.


JACKSON & PERKINS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Jackson & Perkins Direct Marketing
        PO Box 5002
        Hodges, SC 29653

Bankruptcy Case No.: 10-02434

Chapter 11 Petition Date: April 2, 2010

Court: United States Bankruptcy Court
       District of South Carolina (Spartanburg)

Judge: John E. Waites

Debtor's Counsel: R. Geoffrey Levy, Esq.
                  2300 Wayne Street
                  Columbia, SC 29201
                  Tel: 803-256-4693
                  E-mail: llfecf@levylawfirm.org

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

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

A copy of the Company's list of 20 largest unsecured creditors
filed together with the petition is available for free at
http://bankrupt.com/misc/scb10-02434.pdf

The petition was signed by Charles Fox, president.


JACOBS ENTERTAINMENT: Moody's Cuts Corp. Family Rating to 'B3'
--------------------------------------------------------------
Moody's Investors Service downgraded Jacobs Entertainment Inc.
Corporate Family Rating and Probability of Default Rating to B3
from B2, its senior secured facilities rating to Ba3 from Ba2 and
senior unsecured notes rating to Caa1 from B3.  The speculative
grade liquidity rating was affirmed at SGL-3.  The rating outlook
is stable.

The rating action reflects Moody's expectation that JEI's credit
metrics will likely remain at levels more consistent with a B3
rating category in the next 12-18 months.  Moody's anticipates the
company's operating performance will likely continue to be
challenged by the weak trends in its Louisiana truck stop and
Nevada casino operations which combined generates approximately
40% of the total property level EBITDA.  Moody's notes that the
deterioration of gaming revenues and EBITDA in these markets
accelerated in the second half of 2009 and revenues in these two
markets remained pressured year to date in 2010.  Given the weak
economy and persistently high unemployment rates, Moody's believes
that the weak demand for gaming is unlikely to rebound quickly and
could deteriorate further in the near term as there is the
potential for a permanent reduction in consumer spending on these
type of discretionary expenditures.  JEI's total leverage as
measured by debt/EBITDA was around 5.9x at December 31, 2009 and
is expected to remain near this level in the medium term as free
cash flow generation is likely to be minimal per Moody's estimate.

Positively, the B3 rating considers JEI's relatively stable
operating income despite significant decline in revenues in 2009.
The modest growth in EBITDA from two properties (50% of its
company-wide EBITDA) in Black Hawk, Colorado partly due to
implementation of Amendment 50 effective since July 2009 to raise
betting limit and increase operating hours, has largely offset the
weak performance in other markets.  While some further
deterioration in operating performance is likely in the near term,
the stable outlook does not anticipate EBITDA will decline
significantly for its current level.  The B3 rating also
incorporates JEI's small size and revenue, as well as modest
market diversification.

Additionally, JEI's liquidity profile has improved modestly
subsequent to a covenant amendment and an extension on revolver
maturity obtained in March 2010 and Moody's expects liquidity to
remain adequate over the near term as indicated by the affirmation
of SGL-3.  However, the cushions under the covenants are modest
and could become tight again should EBITDA decline materially.

These ratings were downgraded:

* Corporate Family Rating -- to B3 from B2

* Probability Default Rating -- to B3 from B2

* Senior Secured Revolving Credit Facility - to Ba3 (LGD2, 12%)
  from Ba2 (LGD2, 13%)

* Senior Secured Term Loan - to Ba3 (LGD2, 12%) from Ba2 (LGD2,
  13%)

* Senior Secured Delayed Draw Term Loan - to Ba3 (LGD2, 12%) from
  Ba2 (LGD2, 13%)

* $210 million Senior Unsecured Notes -- to Caa1 (LGD4, 68%) from
  B3 (LGD4, 68%)

The last rating action of JEI occurred on February 6, 2009, when
the B2 CFR was affirmed with a negative outlook.  Please refer to
moodys.com for an updated credit opinion.

Jacobs Entertainment Inc is the owner and operator of gaming
facilities located in Colorado, Nevada, Louisiana and Virginia.
Net revenues for the twelve-month period ended December 31, 2009,
were approximately $313 million.


JAMES EARL NUNLEY: Case Summary & 6 Largest Unsecured Creditors
---------------------------------------------------------------
Joint Debtors: James Earl Nunley
                 dba Nunley Farms
               Ollie Mae Nunley
               PO Box 328
               Whitwell, TN 37397

Bankruptcy Case No.: 10-11842

Chapter 11 Petition Date: March 29, 2010

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

Judge: John C. Cook

Debtors' Counsel: W. Thomas Bible-mk, Esq.
                  6918 Shallowford Rd., Suite 100
                  Chattanooga, TN 37421
                  Tel: (423) 424-3116
                  E-mail: melinda@tombiblelaw.com

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

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

A list of the Company's 6 largest unsecured creditors is available
for free at:

            http://bankrupt.com/misc/tneb10-11842.pdf

The petition was signed by the Joint Debtors.


JG ORBIS CORPORATION: Case Summary & 20 Largest Unsec. Creditors
----------------------------------------------------------------
Debtor: JG Orbis Corporation
          dba Adobe Creek Gold Course
        OOne Daniel Burnham Court, Suite 205C
        San Francisco, CA 94109

Bankruptcy Case No.: 10-31089

Chapter 11 Petition Date: March 29, 2010

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

Judge: Dennis Montali

Debtor's Counsel: Darvy Mack Cohan, Esq.
                  Law Offices of Darvy Mack Cohan
                  7855 Ivanhoe Ave #400
                  La Jolla, CA 92037
                  Tel: (858) 459-4432
                  E-mail: dmc@cohanlaw.com

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

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

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

            http://bankrupt.com/misc/canb10-31089.pdf

The petition was signed by Jack D. Rose, sole director and
chairman of the company.


JOSE CASANOVA: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Joint Debtors: Jose M. Casanova
               Marilda Casanova
               9814 Baby's Breath Ct
               Las Vegas, NV 89183

Bankruptcy Case No.: 10-15755

Chapter 11 Petition Date: April 2, 2010

Court: U.S. Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Linda B. Riegle

Debtor's Counsel: David A. Riggi, Esq.
                  5550 Painted Mirage Road #120
                  Las Vegas, NV 89149
                  Tel: 702-808-0359
                  E-mail: darnvbk@gmail.com

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

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

A copy of the Joint Debtors' list of 20 largest unsecured
creditors filed together with the petition is available for free
at http://bankrupt.com/misc/nvb10-15755.pdf

The petition was signed by the Joint Debtors.


JOSEPH RUBY: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Joseph Gary Ruby
        108 Crestwood Lane
        Archbald, PA 18403

Bankruptcy Case No.: 10-02753

Chapter 11 Petition Date: April 2, 2010

Court: U.S. Bankruptcy Court
       Middle District of Pennsylvania (Wilkes-Barre)

Judge: John J Thomas

Debtor's Counsel: Lisa M. Doran, Esq.
                  Doran & Doran, P.C.
                  69 Public Square, Suite 700
                  Wilkes-Barre, PA 18701
                  Tel: 570 823-9111
                  Fax: 570 829-3222
                  E-mail: ldoran@dndlegal.com

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

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

The Debtor did not file a list of creditors together with its
petition.

The petition was signed by the Debtor.


JUDEMYR GLEMAUD: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Judemyr Glemaud
        35 Alden Road
        Monroe, NY 10950

Bankruptcy Case No.: 10-35872

Chapter 11 Petition Date: March 28, 2010

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

Judge: Cecelia G. Morris

Debtor's Counsel: Gabriel Katzner, Esq.
                  Katzner Law Group, P.C.
                  1040 Avenue of the Americas, Suite 1101
                  New Yok, NY 10018
                  Tel: (646)736-7539
                  Fax: (718)701-5927
                  E-mail: GKatzner@yahoo.com

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

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

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

The petition was signed by Judemyr Glemaud.


KENDALL LAND: Case Summary & 10 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Kendall Land Development, LLC
        90 Ashkirk Court
        Inverness, IL 60010

Bankruptcy Case No.: 10-13470

Chapter 11 Petition Date: March 28, 2010

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

Judge: Bruce W. Black

Debtor's Counsel: Terence M. Fenelon, Esq.
                  Law Offices of Terence M. Fenelon
                  4513 Lincoln Avenue, Suite 111
                  Lisle, IL 60532
                  Tel: (630) 737-1255
                  Fax: (630) 737.0771
                  E-mail: tmf523@comcast.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
10 largest unsecured creditors, is available for free at:

            http://bankrupt.com/misc/ilnb10-13470.pdf

The petition was signed by Janusz Tomasik, member of the Company.


LAWRANCE DALE GREEN: Case Summary & 5 Largest Unsecured Creditors
-----------------------------------------------------------------
Joint Debtors: Lawrance Dale Green
                 aka Larry Green
                 aka Lawrence Green
               Julie Ann Green
               P.O. Box 5705
               Jacksonville, FL 32247

Bankruptcy Case No.: 10-02536

Chapter 11 Petition Date: March 29, 2010

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

Debtors' 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
                  E-mail: 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 $1,594,854
and total debts of $1,530,229

A list of the Company's 5 largest unsecured creditors is available
for free at:

            http://bankrupt.com/misc/flmb10-02536.pdf

The petition was signed by the Joint Debtors.


LEAP WIRELESS: CFO to Present at Goldman Sachs Confab on April 14
-----------------------------------------------------------------
Leap Wireless International, Inc., said Walter Berger, its
executive vice president and chief financial officer, will present
at the Goldman Sachs Inaugural Technology, Media & Telecom
Leveraged Finance Conference to be held at the Goldman Sachs
Conference Center in New York City.  The presentation is scheduled
to take place on April 14, beginning at approximately 8:30 a.m.
ET.

                        About Leap Wireless

Headquartered in San Diego, California, Leap Wireless
International, Inc. (NASDAQ: LEAP) -- http://www.leapwireless.com/
-- and its joint ventures provide wireless services in 34 states
and the District of Columbia and hold licenses in 35 of the top 50
U.S. markets.  Through its affordable, flat-rate service plans,
Cricket offers customers a choice of unlimited voice, text, high-
speed data and mobile Web services.

Leap spun out from Qualcomm Inc. in 1998 and expanded primarily
into rural markets.  It has customers in 34 states and annual
sales around $2.3 billion, making it the seventh-largest wireless
carrier in the U.S., according to The Wall Street Journal.

At December 31, 2009, the Company had total assets of
$5,380,697,000 against total liabilities of total liabilities of
$3,596,896,000 and redeemable noncontrolling interests of
$71,632,000, resulting in stockholder's equity of $1,712,169,000.

                          *     *     *

According to the Troubled Company Reporter on April 29, 2009,
Standard & Poor's Ratings Services revised its outlook on Leap
Wireless International Inc. to positive from stable.  At the same
time, S&P affirmed its ratings on the San Diego-based wireless
carrier, including the "B-" long-term corporate credit rating and
"B+" secured bank loan rating on subsidiary Cricket Communications
Inc.


LIN TELEVISION: Moody's Assigns 'Ba3' Rating on $200 Mil. Notes
---------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to LIN Television
Corporation's proposed $200 million guaranteed senior unsecured
notes due 2018, changed the company's rating outlook to stable
from negative, and upgraded the speculative grade liquidity rating
to SGL-2 from SGL-4.  LIN plans to utilize the net offering
proceeds to repay borrowings under its senior secured term loan
and revolving credit facilities.  The refinancing improves LIN's
liquidity position by extending its maturity profile and reducing
required term loan amortization.  The transaction will modestly
increase LIN's cash interest run rate, but Moody's expects this
will be partially mitigated by continued pay down of the credit
facility from free cash flow.  Loss given default point estimates
were updated on the existing instruments to reflect the revised
debt mix.  LIN's B2 Corporate Family Rating and Probability of
Default Rating are not affected.

Assignments:

Issuer: LIN Television Corporation

  -- Senior Unsecured Regular Bond/Debenture, Assigned a Ba3,
     LGD2-23%

Loss Given Default Updates:

Issuer: LIN Television Corporation

  -- Senior Secured Bank Credit Facility, Changed to LGD1 - 2%
     from LGD2 - 14% (no change to Ba2 rating)

  -- Senior Subordinated Regular Bond/Debenture, Changed to LGD5 -
     73% from LGD5 - 70% (no change to B3 rating)

Upgrades:

Issuer: LIN Television Corporation

  -- Speculative Grade Liquidity Rating, Upgraded to SGL-2 from
     SGL-4

Outlook Actions:

Issuer: LIN Television Corporation

  -- Outlook, Changed To Stable From Negative

The rating outlook change to stable is based on LIN's improved
liquidity position and projected decline in debt-to-EBITDA over
political and non-political years to below 7x in 2010, and Moody's
expectation that the company will have capacity to fund any debt
service shortfalls at its joint venture with NBC Universal over
the next 12-24 months.  The NBC JV is a significant overhang that
poses elevated risk to the company's credit profile given the
decline in its asset value, shortfall in meeting the interest
payments on its $815.5 million loan from General Electric Capital
Corporation that is guaranteed by LIN TV Corp., and uncertainties
related to the regulatory outcome of Comcast's proposed
acquisition of NBC Universal and Comcast's willingness to
participate in any shortfall sharing on the GECC loan debt
service.  The stable rating outlook hinges critically on Moody's
expectation that LIN will utilize free cash flow to reduce debt
and leverage to increase its capacity to finance an acquisition or
other dissolution of the NBC JV, particularly if it occurs prior
to the 2023 GECC loan maturity.  An acquisition or dissolution of
the NBC JV would likely be leveraging to LIN, and its capacity to
fund a transaction without exceeding the leverage metrics expected
in the B2 CFR (as would be the case if a transaction occurred in
the near term) increases the longer it can forestall such an
event.

The upgrade of the speculative-grade liquidity rating to SGL-2
from SGL-4 reflects the improved coverage of cash needs from
internal sources and increased covenant cushion based on the
anticipated increase in EBITDA.  Moody's expects an improvement in
the broadcast advertising market and the boost from political
revenue in 2010 will raise LIN's EBITDA and free cash flow
considerably this year, which along with the reduction in required
amortization due to the term loan pay down creates greater
financial flexibility.  Moody's believes LIN can repay by the end
of 2010 the approximate $56 million expected to remain outstanding
on its credit facility subsequent to the bond offering.  Moody's
also expects LIN will have an EBITDA cushion exceeding 15% under
its financial maintenance covenants over the next 12 months
notwithstanding a tightening of the required covenant levels.

The Ba3 rating on the proposed notes is one notch below the Ba2
loss given default model implied rating to reflect Moody's
expectation that LIN will increase the amount of secured debt in
its capital structure.  The indenture allows for the issuance of
up to $100 million of bank debt that is not subject to the 5.5x
senior leverage or 7.0x total leverage incurrence tests.  Moody's
considers it likely that LIN will have $100 million of secured
bank debt in its capital structure within the next two years, and
factoring this in to the loss given default model results in a Ba3
rating on the proposed notes.  The notes will be guaranteed on an
unsecured basis by substantially all of LIN's current and future
material domestic operating subsidiaries and by the company's
parent, LIN Corp.

The rating on the proposed notes could be downgraded by multiple
notches to a level below the CFR depending on how LIN approaches a
refinancing of its senior subordinated notes.  At present, the
proposed notes are effectively subordinated to LIN's senior
secured credit facility and contractually senior to its
$412 million of subordinated notes due 2013.  Moody's expects the
company to utilize secured debt capacity to refinance some or all
of its subordinated notes.  An increase in effectively senior
secured debt and reduction in contractually subordinate debt would
meaningfully alter the recovery prospects of the proposed notes in
default and would likely result in the note rating being
downgraded by multiple notches.  The magnitude of any downgrade
would depend on the mix of debt, but the rating could fall to a
level at or below the CFR if there was no longer a meaningful
layer of loss-absorbing subordinated debt.

The last rating action was on August 6, 2009, when Moody's
affirmed LIN's B2 CFR and B2 PDR following the company's
completion of an amendment to its credit facility to increase
covenant headroom.

LIN Television Corporation, headquartered in Providence, RI, owns
and operates and/or programs 28 television stations, including two
stations pursuant to local marketing agreements, in 17 mid-sized
markets in the United States.  In addition, LIN Corp. owns 20% of
KXAS-TV in Dallas, Texas and KNSD-TV in San Diego, California,
through a joint venture with NBC Universal.  The company generated
revenue of approximately $340 million in 2009.


LIN TV: S&P Assigns Corporate Credit Rating at 'B-'
---------------------------------------------------
Standard & Poor's Ratings Services withdrew its unsolicited
ratings on Providence, Rhode Island-based LIN TV Corp.
Subsequently, S&P assigned the company its 'B-' corporate credit
rating on a solicited basis.  The rating outlook is positive.

At the same time, S&P assigned LIN Television Corp.'s proposed
$200 million senior unsecured notes (which are guaranteed by LIN
TV Corp.) S&P's issue-level rating of 'B+' (two notches higher
than the 'B-' corporate credit rating on the parent company).  S&P
also assigned this debt a recovery rating of '1', indicating S&P's
expectation of very high (90% to 100%) recovery for noteholders in
the event of a payment default.

In addition, S&P assigned LIN Television's existing subordinated
debt its issue-level rating of 'CCC+' (one notch lower than the
'B-' corporate credit rating) with a recovery rating of '5',
indicating S&P's expectation of modest (10% to 30%) recovery for
debtholders in the event of a payment default.

S&P's 'B-' corporate credit rating on LIN reflects financial risk
from high debt leverage (including LIN's guarantee of joint-
venture debt), limited liquidity, increasing competition for
audiences and advertising revenue, and advertising cyclicality.  A
minimal positive factor is the company's good competitive position
in a number of midsize TV markets.

"The revision of the rating outlook to positive reflects S&P's
view that LIN's core ad revenue will continue to recover in 2010
after turning around in the fourth quarter of 2009, which, in
S&P's view, has eased liquidity risks," noted Standard & Poor's
credit analyst Deborah Kinzer.  "The company could improve its
credit metrics further as it pays down debt to stay in compliance
with its bank covenants."

S&P continues to believe that LIN's agreement with NBC Universal
to provide pro rata shortfall loans to their joint venture
diminishes the joint venture's probability of defaulting on its
debt, which LIN guarantees.

The company plans to use the proceeds of the proposed senior
unsecured notes to repay borrowings under its senior secured
credit facility, which matures in November 2011.  Although this
transaction is leverage-neutral, S&P view it as improving the
liquidity position of the company.


LISA WILLIAMS-GELBARD: Case Summary & 12 Largest Unsec. Creditors
-----------------------------------------------------------------
Debtor: Lisa Williams-Gelbard
        1011 Hillsboro Mile
        Hillsboro Beach, FL 33062-2204

Bankruptcy Case No.: 10-18035

Chapter 11 Petition Date: March 29, 2010

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

Judge: John K. Olson

Debtor's Counsel: Bart A. Houston, Esq.
                  200 E Broward Blvd #1110
                  Ft Lauderdale, FL 33301
                  Tel: (954) 453-8000
                  Fax: (954) 453-8010
                  E-mail: bhouston@gjb-law.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 12 largest unsecured creditors is
available for free at:

            http://bankrupt.com/misc/flsb10-18035.pdf

The petition was signed by Ms. Williams-Gelbard.


LENNY DYKSTRA: Court Rejects Bid to Dismiss Bankruptcy Case
-----------------------------------------------------------
Patrick Fitzgerald at Dow Jones Daily Bankruptcy Review reports
that Robert Huttenhoff, Esq., an attorney for bankruptcy trustee
Arturo Cisneros, said Judge Geraldine Mund of the U.S. Bankruptcy
Court in Los Angeles rejected Lenny Dykstra's bid for voluntary
dismissal of his case following a hearing Tuesday.

Dow Jones recalls Mr. Dykstra, who's representing himself in his
bankruptcy case, had sought to convince Judge Mund that getting
out of bankruptcy was "without a doubt" in the best interests of
his creditors, who have filed more than $43 million in claims
against him.  According to Dow Jones, Mr. Dykstra had argued that
the trouble with bankruptcy court is it impinges on his "natural
tendency" to succeed against all odds.  Mr. Dykstra said he's a
"singularly motivated kind of individual," and that is how he made
millions on the ball field, in the car-wash business and on Wall
Street, Dow Jones relates.

Dow Jones also relates Mr. Dykstra said in bankruptcy court his
will to succeed is a hindrance not a benefit.  Mr. Dykstra also
said Mr. Cisneros "does not share his unique perspective" and
continues to sell off his assets.

Dow Jones notes Mr. Dykstra will be back in bankruptcy court next
week for a hearing on his insurance dispute with Fireman Fund over
a canceled policy and property damage at his California mansion.

                        About Lenny Dykstra

Lenny Dykstra is a former Major League Baseball all-star player.
He was center fielder for the New York Mets and Philadelphia
Phillies.  He filed for Chapter 11 bankruptcy protection July 7,
2009 (Bankr. C.D. Calif. Case No. 09-18409).  M Jonathan Hayes,
Esq., at the Law Office of M Jonathan Hayes, in Northridge,
California, assisted the Debtor in his restructuring effort.  The
Debtor listed up to $50,000 in assets and $10,000,001 to
$50,000,000 in debts.

A Chapter 11 trustee was appointed in September 2009, and the case
was converted to a liquidation in Chapter 7 on November 20, 2009.
The trustee -- Arturo M. Cisneros -- was investigating the
disposition of personal property both before and after the Chapter
11 filing.


LONG BOW: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: Long Bow Development, LLC
        14439 NW Military Hwy, #108-601
        San Antonio, TX 78231

Bankruptcy Case No.: 10-51225

Chapter 11 Petition Date: April 2, 2010

Court: U.S. Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Leif M. Clark

Debtor's Counsel: David T. Cain, Esq.
                  8610 N New Braunfels, Suite 309
                  San Antonio, TX 78217
                  Tel: 210-308-0388
                  Fax: 210-341-8432
                  E-mail: caindt@swbell.net

Estimated Assets: $0 to $50,000

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

According to the schedules, the Company says that assets total $0
while debts total $1,611,886.

A copy of the Company's list of 20 largest unsecured creditors
filed together with the petition is available for free at
http://bankrupt.com/misc/txwb10-51225.pdf

The petition was signed by Fredrick L. Hobbs, managing member.


MACHNE MENACHEM: Most Advances from Director Were Gifts
-------------------------------------------------------
WestLaw reports that advances that a director continued to make to
a non-profit corporation after the other members of the board of
directors had resolved that he should take no further action on
behalf of the corporation and mailed a document to him directing
him to suspend all further corporate activities were made at the
director's own peril.  They would not support a proof of claim
against the corporation's Chapter 11 estate for sums that the
director allegedly "loaned" to the corporation after that date.
The director could not impose a loan upon an unwilling obligor.
In re Machne Menachem, Inc., --- B.R. ----, 2010 WL 831003 (Bankr.
M.D. Pa.) (Thomas, J.).

The former director's proof of claim indicates that he advanced
roughly $1 million to the Debtor over a period of several years.
Of approximately $350,000 advanced prior to being ousted by a
majority of the board, $76,000 will be treated as a loan because
there is contemporaneous documentation to support that portion of
the claim.

Machne Menachem, Inc., was the brain child of a small group of
Hasidic men from their Brooklyn, N.Y., community.  Four members of
this community convened with the purpose of starting a summer camp
for boys in a rural location away from the distracting events of
the city.  In 1995, a corporation, Machne Menachem, Inc., was
formed under the New York Not-For-Profit Corporation Law by these
four individuals for the purpose of advancing this camp.  By all
accounts, the camp was received very enthusiastically.  While
well-attended, it suffered from significant economic problems, and
a rift between rival factions of the community followed.  This
disagreement found itself before the U.S. District Court for the
Southern District of New York.  See Machne Menachem, Inc. v.
Hershkop, 237 F.Supp.2d 227 (E.D.N.Y. 2002).

Machne Menachem, Inc., sought Chapter 11 protection (Bankr. M.D.
Pa. Case No. 01-04926) on Dec. 6, 2001.


MANTECH INTERNATIONAL: S&P Assigns 'BB+' Corporate Credit Rating
----------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'BB+'
corporate credit rating to Fairfax-Virginia based government
contractor ManTech International Corp. The outlook is stable.

S&P also assigned a 'BB+' issue-level rating and a '3' recovery
rating to ManTech's proposed $200 million senior unsecured notes
due April 2018.  The '3' recovery rating indicates S&P's
expectations for meaningful (50%-70%) recovery in the event of
payment default.

The proceeds of the notes will be used to pay off borrowings under
the existing $350 million revolving credit facility, which was
drawn in connection with the company's acquisition of Sensor
Technologies Inc. After the repayment, the $200 million notes will
be the company's only debt outstanding.  S&P does not rate the
revolving credit facility.

"The ratings on ManTech reflect potential revenue and
profitability pressure due to an evolving competitive landscape,"
said Standard & Poor's credit analyst Jennifer Pepper, "as well as
revenue dependence on federal government spending." Long-standing
relationships with key intelligence and defense organizations,
consistent and strong cash flows, and a moderately leveraged
financial profile partially offset these factors.


MARK ALLEN WYNNE: Case Summary & 7 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Mark Allen Wynne
        11007 Rocky Trail
        San Antonio, TX 78249

Bankruptcy Case No.: 10-51127

Chapter 11 Petition Date: March 29, 2010

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Bankruptcy Judge Leif M. Clark

About the Business:

Debtors' Counsel: William B. Kingman, Esq.
                  4040 Broadway, Suite 450
                  San Antonio, TX 78209
                  Tel: (210) 829-1199
                  E-mail: bkingman@kingmanlaw.com

Estimated Assets: $50,000,001 to $100,000,000

Estimated Debts: $50,000,001 to $100,000,000

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

            http://bankrupt.com/misc/txwb10-51127.pdf

Debtor's List of 7 Largest Unsecured Creditors:

  Entity                   Nature of Claim        Claim Amount
  ------                   ---------------        ------------
Dillon Water Resources     Judgement-Disputed,    $62,998,787
LP                         under appeal
Attn: Dean Davenport
11844 Bandera Rd
PMB 411
Helotes, TX 78023

Dean Davenport             Judgement-Disputed,    $749,493
19516 Scenic Loop Rd       under appeal
Helotes, TX 78023

Alexander Dubose &         legal fees and         $185,154
Townsend                   expenses
Attn: Douglas Alexander

Rotary Exploration, Inc.   6970 Stonkykirk,       $212,000
PO Box 680981              San Antonio TX         ($300,000
San Antonio, TX 78268      78240                  secured)
                                                  ($150,000
                                                  Senior lien)

Poncio Law Firm            legal fees and         $16,898
Attn: Adam Poncio          expenses

Rotary Exploration         loan                   $12,322

Glenn J. Deadman, PC       legal fees and         $2,051
Attn: Glenn J. Deadman


The petition was signed by Mr. Wynne, the company's authorized
representative.

Debtor-affiliates that filed separate Chapter 11 petitions:
                                                    Petition
Debtor                                 Case No.      Date
------                                 --------      ----
Premier General Holdings, LTD          10-50606     2/19/10
Premier General Holdings, LTD          10-51005     3/17/10


MARK LAY: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------
Debtor: Mark D. Lay
        320 Ft. Duquesne Blvd.
        Unit 10-D
        Pittsburgh, PA 15222

Bankruptcy Case No.: 10-22436

Chapter 11 Petition Date: April 2, 2010

Court: U.S. Bankruptcy Court
       Western District of Pennsylvania (Pittsburgh)

Debtor's Counsel: Robert O Lampl, Esq.
                  960 Penn Avenue, Suite 1200
                  Pittsburgh, PA 15222
                  Tel: 412-392-0330
                  Fax: 412-392-0335
                  E-mail: rol@lampllaw.com

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

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

According to the schedules, the Debtor says that assets total
$1,363,000.00 while debts total $3,375,020.45.

A copy of the Debtor's list of 20 largest unsecured creditors
filed together with the petition is available for free at
http://bankrupt.com/misc/pawb10-22436.pdf

The petition was signed by the Debtor.


MASSEY ENERGY: S&P Puts 'BB-' Rating on CreditWatch Negative
------------------------------------------------------------
Standard & Poor's Ratings Services said that it placed its
ratings, including its 'BB-' corporate credit rating, on Richmond,
Virginia-based Massey Energy Co. on CreditWatch with negative
implications.

"The CreditWatch placement follows the explosion at the company's
Upper Big Branch met coal mine, which has so far reportedly
claimed the lives of 25 miners," said Standard & Poor's credit
analyst Sherwin Brandford.

The action reflects the uncertainty surrounding the potential
impact on the company's overall production this year, though the
immediate loss of production from the Upper Big Branch mine will
not likely result in an earnings impact that would bring credit
metrics to a level no longer consistent with the 'BB-' rating.
Specifically, S&P estimates that the impact on EBITDA from lost
production could be up to $50 million, based on S&P's estimate of
a margin per ton of around $40 on the mine's 1.2 million tons of
annual met coal production.  Based on S&P's previous 2010 estimate
of pro forma EBITDA (including the pending Cumberland acquisition)
of more than $600 million, S&P estimate that the company's EBITDA
(accounting for lost production) will still likely exceed
$550 million in 2010.  This results in adjusted debt to EBITDA
still below 4x, a level S&P consider to be in line with the
rating.

S&P believes the company's current liquidity, which S&P estimates
at around $550 million ($450 million in cash and $100 million of
availability on its asset-backed revolving credit facility), will
be sufficient to meet the near-term cash outlay associated with
the accident.  S&P expects this outlay to be minimal, at less than
$10 million.  However, uncertainty exists regarding the impact on
the company's worker's compensation liability and any impact
potential lawsuits brought against the company may have on its
overall financial profile.

In resolving the CreditWatch listing, S&P will monitor and assess
the potential intermediate-term impact the accident has on the
company's overall credit profile in light of potential lost
production and increased costs.


MEDICAL CONNECTIONS: Acquires Trustaff Management
-------------------------------------------------
Medical Connections Holdings, Inc., disclosed that on March 12,
2010, it entered into a stock purchase agreement with shareholders
pursuant to which the Company will acquire all of the issued and
outstanding capital stock of Trustaff Management, Inc., an Ohio
corporation and its five wholly owned limited liability companies.
Trustaff's is a national health care staffing company with 100
corporate staff supporting 500 healthcare professional working at
various clients throughout the United States.  Based on financial
information provided to the Company, Trustaff had revenues in
excess of $42 million during fiscal 2009, with profits in excess
of $4.4 million.   Trustaff's executive offices are located in
Cincinnati, Ohio.

Under the terms of the Stock Purchase Agreement, the Company
expects to pay a purchase price equal to approximately $26 million
in cash, with $19.5 million payable in cash at the closing,
$4 million payable pursuant to a three year promissory note and
$2.5 million will be placed in escrow to be used to fund any
indemnification claims relating to certain tax liabilities.  The
Company will also issue 1.5 million shares of its common stock to
the Trustaff shareholders at the closing.    The purchase price is
subject to adjustments following the closing.

At the closing, the Company will also enter into employment
agreements with four key employees/founders of Trustaff.  The
closing of the transaction, which is currently expected to occur
in the second quarter of this calendar year, is subject to
customary closing conditions, including the Company's receipt of
adequate financing to close the transaction.  There can be no
assurances that the Company will be able to close this
transaction.

Boca Raton, Fla.-based Medical Connections Holdings, Inc.,
provides medical recruitment and staffing services.

The Company's balance sheet as of December 31, 2009, showed
$2,489,841 in assets, $214,290 of debts, and $2,275,551 of
stockholders' equity.

De Meo, Young, McGrath, CPA, in Fort Lauderdale, Fla., expressed
substantial doubt about the Company's ability to continue as a
going concern.  The independent auditors noted of the Company's
dependence on outside financing, lack of sufficient working
capital, and recurring losses from operations.


MERGE HEALTHCARE: Moody's Assigns 'B2' Corporate Family Rating
--------------------------------------------------------------
Moody's assigned a Corporate Family Rating of B2 to Merge
Healthcare Incorporated as well as a B2 Probability of Default
Rating.  Moody's also assigned a B2 to the company's proposed
$200 million Senior Notes offering that will be used in part to
fund the acquisition of AMICAS, Inc. for approximately
$248 million.  Moody's assigned a stable outlook to the ratings
as well as a Speculative Grade Liquidity Rating of SGL-3.  This
is the first time Moody's has rated Merge.

The B2 Corporate Family Rating reflects Merge's small scale, the
considerable integration risk associated with an acquisition of
this size, as well as the risk that Merge continues to pursue
growth through an aggressive M&A strategy.  Moody's believes,
however, that if the AMICAS acquisition is well-executed, there
could be substantial opportunity for cost synergies.  The rating
is further supported by Moody's expectation that the combined
company should generate strong free cash flow relative to its debt
in 2011 and beyond, assuming successful integration.

While the combination of AMICAS and Merge will result in a leading
pure-play RIS/PACS provider, the company will remain a relatively
niche player in an industry dominated by large imaging equipment
vendors and IT solutions providers.  Moody's believes increased
adoption of medical imaging IT applications is inevitable as
providers transition to electronic medical records and seek to
improve operating efficiency.  However, Merge and AMICAS are
highly reliant on the radiology industry, which continues to face
reimbursement cuts and regulatory scrutiny in order to rein in
growth in diagnostic imaging procedures.  Given the pressures on
the industry, there is the risk that significant consolidation in
the diagnostic imaging industry could result in a loss of Merge's
customers or limit organic growth.

The Speculative Grade Liquidity Rating of SGL-3 reflects Moody's
expectation that Merge will have adequate liquidity over the next
twelve months, supported by $35-$40 million of cash following the
close of the transaction, subsequent to the payment of transaction
related costs, as well as the lack of financial maintenance
covenants.  Liquidity is constrained by the absence of a revolver.
Deterioration of cash reserves due to negative free cash flow or
acquisition activity over the next 12 months could lead to a
negative outlook or downgrade.

Moody's assigned these ratings:

  -- B2 Corporate Family Rating
  -- B2 Probability of Default Rating
  -- B2 (LGD3, 45%) to the $200 million Senior Notes due 2015
  -- Speculative Grade Liquidity Rating of SGL-3

The rating outlook is stable.

Merge Healthcare Incorporated, (NASDAQ: MRGE), headquartered in
Milwaukee, Wisconsin, develops healthcare software solutions and
related services.  The company focuses on solutions to the
diagnostic imaging community including Radiology Information
Systems (RIS) and Picture Archiving and Communications Systems
(PACS).  Merge generated GAAP revenues of approximately
$67 million for the twelve months ended December 31, 2009.
Merrick Ventures and affiliates currently own roughly 40% of
Merge's stock.


MERGE HEALTHCARE: S&P Assigns 'B' Corporate Credit Rating
---------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B'
corporate credit rating to Milwaukee-based medical imaging and
health care information software solutions provider Merge
Healthcare Inc. The outlook is stable.

At the same time, S&P assigned Merge's proposed $200 million
senior secured notes a 'B+' rating, with a recovery rating of '2',
indicating S&P's expectation for substantial (70%-90%) recovery in
the event of a payment default.  The company will use the note
proceeds to finance in part the acquisition of AMICAS Inc. for
approximately $248 million.  Merge also issued $41.75 million of
preferred stock, which S&P does not rate.

"The rating reflects Merge's rapid growth through acquisitions,
integration risks following the AMICAS merger, and a highly
leveraged financial profile," explained Standard & Poor's credit
analyst Jennifer Pepper.  A significant base of more stable and
recurring maintenance revenues and improved competitive position
partially offset these factors.  Merge and AMICAS are independent
providers of medical imaging and health care information software
solutions for hospitals and outpatient facilities.  The combined
companies have largely complementary product and customer bases,
with 90% of revenues in the U.S.


MERITAGE HOMES: Fitch Assigns 'BB-/RR3' Rating on $200 Mil.  Notes
-----------------------------------------------------------------
Fitch Ratings expects to assign a 'BB-/RR3' rating to Meritage
Homes Corporation's proposed offering of $200 million of senior
unsecured notes due 2020.  The issue will be ranked on a pari
passu basis with all other senior unsecured debt.  The proceeds
from the offering of notes will be used to redeem certain of the
company's outstanding senior notes.  The company announced the
commencement of cash tender offers to purchase up to $195 million
principal amount of selected senior notes.  The company is
offering to purchase any and all of its $130 million outstanding
7% senior notes due 2014.  Additionally, in a Dutch Auction Tender
Offer, Meritage is offering to purchase up to $65 million of its
outstanding 6.25% senior notes due 2015.

The Rating Outlook is Negative.  Fitch's current Issuer Default
Rating for Meritage is 'B+'.

The Recovery Rating of 'RR3' on the proposed unsecured notes
offering and the company's senior unsecured debt indicate good
recovery prospects for holders of these debt issues.  Meritage's
exposure to claims made pursuant to performance bonds and joint
venture debt and the possibility that part of these contingent
liabilities would have a claim against the company's assets were
considered in determining the recovery for the unsecured debt
holders.  The 'RR6' on Meritage's preferred stock indicates poor
recovery prospects in a default scenario.  Fitch applied a
liquidation value analysis for these RRs.

The ratings and Outlook reflect the company's conservative land
policies, geographic and product line diversity, acquisitive
orientation, capital structure and the still challenging U.S.
housing environment.  Housing apparently bottomed during 2009, and
a so far anemic recovery has begun.  During the next 12-15 months
off the bottom, the recovery may appear jaw-toothed as substantial
foreclosures now in the pipeline present as distressed sales and
as meaningful new foreclosures arise from Alt-A and option ARM
resets.  High unemployment rates and the tightening of certain
Federal Housing Administration loan standards will be notable
headwinds early in the upcycle.  The continuation and expansion of
the scope of the national housing credit may boost sales in spring
of this year.  And the Federal government's continuing efforts to
modify foreclosures may finally show some success in 2010.

Future ratings and Outlooks will be influenced by broad housing
market trends as well as company specific activity, such as land
and development spending, general inventory levels, speculative
inventory activity (including the impact of high cancellation
rates on such activity), gross and net new order activity, debt
levels and free cash flow trends and uses.

Meritage's sales are reasonably dispersed among its 12
metropolitan markets within six states.  The company ranks among
the top ten builders in such markets as Houston, Dallas Fort Worth
and Austin, Texas, and Phoenix, Arizona.  The company also builds
in Sacramento, East Bay and Riverside/San Bernardino, CA, Las
Vegas, NV, Denver, CO, Tucson, AZ and Orlando, FL.  Historically,
about 70-75% of home deliveries are to first and second time trade
up buyers, 10-15% to entry level buyers, 5% are to luxury home
buyers and 5-10% to active adult (retiree) buyers.  Currently, 60-
65% of sales are to entry level and first time move-up buyers.

Meritage employs conservative land and construction strategies.
The company typically options or purchases land only after
necessary entitlements have been obtained so that development or
construction may begin as market conditions dictate.  Under normal
circumstances Meritage extensively uses lot options, and that is
expected to be the strategy in markets where it is able to do so.
The use of non-specific performance rolling options gives the
company the ability to renegotiate price/terms or void the option
which limits down side risk in market downturns and provides the
opportunity to hold land with minimal investment.  As of Dec. 31,
2009, 22.6% of its lots were controlled through options -- a much
lower than typical percentage due to considerable option
abandonments and write-offs of recent years.  Total lots,
including those owned, were approximately 12,906 at Dec. 31, 2009.
This represents a 3.2 year supply of total lots controlled and 2.5
year supply of owned land based on trailing 12 months deliveries.

The company has ample liquidity with $249.3 million of
unrestricted cash and $125.7 million of marketable securities.
Meritage also has a $53 million letter of credit facility.  In
September 2009, Meritage voluntarily terminated its $150 million
revolving credit facility.


MERITAGE HOMES: Moody's Affirms 'B1' Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service affirmed all of the ratings of Meritage
Homes Corporation, including its corporate family rating of B1,
senior unsecured debt rating of B1, and speculative grade
liquidity rating of SGL-2.  At the same time, a B1 rating was
assigned to the company's proposed $200 million senior unsecured
notes due 2020, proceeds of which are expected to be used to repay
its senior notes due 2014 and a portion of its 2015 notes.  The
outlook remains stable.

The B1 corporate family rating remains constrained by weakness in
several key operating metrics, including: gross margins, interest
coverage, and return on assets.  Moody's expects these metrics to
recover very gradually over the next six to eight quarters.  In
addition, revenues remain somewhat reliant on the continued health
of its Texas operations, which account about half of the company's
revenues, and hopes for a recovery in Arizona, in which it
maintains a large lot supply.  The credit is supported by its
relatively modest adjusted debt-to-capitalization ratio relative
to its similarly-rated peers, a healthy cash position, and an
appropriately sized lot supply.  Meritage's use of optioned land
left it somewhat less exposed to the large impairment charges
being booked by its peer group, and may allow it to more quickly
reflect margin improvement during the recovery, as lower cost
newly purchased land is built upon and sold.

The SGL assessment takes into account internal and external
sources of liquidity, covenant compliance, and alternate sources
of liquidity.  Meritage's SGL-2 rating indicates a good liquidity
profile.  The company's positive cash flow generation, growing
cash balance, and lack of financial covenants are offset by the
expectation of reduced cash flow in 2010, the absence of a
revolving credit facility, and the lack of any significant sources
of alternate liquidity.

Going forward, the ratings could be lowered if the company
jeopardized its liquidity position by engaging in large land
purchases or substantial share buy-backs, experienced a material
erosion in pre-impairment operating performance, or reversed its
recent trend of booking fewer and smaller impairment charges,
causing debt-to-capital leverage to remain above 60%.  The ratings
would be considered for an upgrade if the company maintained and
built upon its strong liquidity position, drove its debt-to-
capital leverage below 50% on a sustainable basis, and restored
healthy operating and profit margins.

These rating actions were taken:

  -- Corporate family rating affirmed at B1;

  -- Probability of default rating affirmed at B1;

  -- B1 rating assigned to proposed $200 million senior unsecured
     notes due 2020;

  -- Senior unsecured debt rating affirmed at B1 (LGD3, 49%);

  -- Speculative grade liquidity rating affirmed at SGL-2.

Moody's most recent announcement concerning the ratings for
Meritage was on March 31, 2010, when all of the company's ratings
were affirmed, including its corporate family rating of B1, its
probability of default rating of B1, its senior unsecured notes
rating of B1, and its speculative grade liquidity rating of SGL-2,
and its outlook was revised to stable from negative.

Meritage Homes Corporation is the 9th largest homebuilder in the
U.S., primarily building attached and detached single-family homes
in 12 metropolitan areas in Arizona, Texas, California, Nevada,
Colorado, and Florida.  Formerly known as Meritage Corporation,
the company was founded in 1985 and is headquartered in
Scottsdale, Arizona.  Total revenues and consolidated net income
for the year ended December 31, 2009 were approximately
$970 million and ($66) million, respectively.


MERITAGE HOMES: S&P Assigns 'B+' Rating on $200 Mil. Notes
----------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B+' issue rating
and '3' recovery rating to Meritage Homes Corp.'s $200 million
senior unsecured notes due 2020.  The '3' recovery rating
indicates that lenders can expect an average (50%-70%) recovery in
the event of a payment default.

The newly issued notes will rank equally with all of the company's
existing unsecured and unsubordinated debt.  However, if a change-
of-control repurchase event were to occur, each holder of these
new notes would have the right to require Meritage to repurchase
all or any part of the notes at a price equal to 101% of their
principal amount, plus accrued and unpaid interest.

The company plans to use proceeds from the offering to repay its
remaining $130 million of outstanding 7.0% senior unsecured notes
due in 2014 and tender for up to $65 million of its $349 million
outstanding 6.25% senior unsecured notes due in 2015.  If Meritage
is unable to repurchase all of its 2014 notes via a tender, S&P
expects the company to exercise its call option to retire the
remaining notes on May 1, 2010.

This debt-for-debt transaction will push out the company's 2014
debt maturities and increase its weighted average debt maturity by
roughly two years.  However, pro forma for the transactions, the
company's weighted average cost of debt will rise by approximately
20 basis points, resulting in roughly $2 million of additional
annual interest.  When added to the $50 million in lease-adjusted
interest the company incurred in 2009, the higher interest on the
new notes will slightly affect its debt coverage measures.
However, S&P believes the transaction is prudent and reflects
proactive balance sheet management.

S&P's ratings on Meritage Homes Corp. reflect the company's good
cash position relative to its operating needs, along with its
improved, though still weak, operating performance and S&P's view
that housing conditions will remain competitive in 2010.  S&P also
acknowledge the company's light land position, which will require
expenditures in certain markets, weak but positive coverage of
interest, and lack of near-term debt maturities.  S&P's stable
outlook anticipates the company's return to modest profitability
in 2010.

                           Ratings List

                       Meritage Homes Corp.

    Corporate credit rating                   B+/Stable/--

                         Rating Assigned

                       Meritage Homes Corp.

         $200 million senior unsecured notes due 2020    B+
           Recovery rating                               3


MERVYN'S LLC: Target Corp. Loses Motion to Dismiss Lawsuit
----------------------------------------------------------
WestLaw reports that in a fraudulent transfer avoidance proceeding
brought against the parent company of a corporation that owned a
chain of retail department stores, for converting the corporation
into a limited liability company and then transferring its 100%
membership interest in the LLC in a series of transaction that
ultimately left the acquiring entity separated from certain real
estate assets and with as little as $22 million in working capital
against more than $800 million in additional debt, the parent
company could not assert a "settlement payment" defense to
avoidance claims challenging the entire collapsed series of
transactions by which the store chain was spun off.  The transfer
of the real estate assets for virtually no consideration,
conditioned on a subsequent transaction by which the transferee
securitized these real estate assets to fund the purchase of the
parent company's membership interest in the LLC, was not a
"settlement payment."  The parent could not focus on one isolated
part of this integrated series of transactions for purposes of
asserting a "settlement payment" defense under 11 U.S.C. Sec.
546(e).  In re Mervyn's Holdings, LLC, --- B.R. ----, 2010 WL
980274 (Bankr. D. Del.) (Gross, J.).

As previously reported in the Troubled Company Reporter, the
Official Committee of Unsecured Creditors sued (Bankr. D. Del.
Adv. Pro. No. 08-51402) a number of entities on behalf of the
estate to recover alleged damages from the financial transactions
surrounding the sale in July 2004 of Mervyn's by Target
Corporation to Mervyn's Holdings, LLC.

Target Corporation fka Dayton Hudson Corporation moved to dismiss
the Committee's lawsuit, advancing its "settlement payment"
defense.  The Honorable Kevin Gross rejected Target Corporation's
defense and says this case is unlike the Court's prior ruling In
re Plassein Int'l Corp., 366 B.R. 318, 326 (Bankr. D. Del. 2007),
aff'd, 590 F.3d 252 (3d Cir. 2009).  Judge Gross finds that the
Committee's complaint alleges sufficient facts to find that the
2004 Transactions may have been a fraudulent conveyance and that
Target may have breached its fiduciary duties.  "The Amended
Complaint contains detailed facts which, if proven true, make a
troubling case of wrongdoing.  Although Target points at others to
blame, it is at the center of the 2004 Sale," Judge Gross says,
pushing this dispute one step closer to a trial.

                    About Mervyn's LLC

Headquartered in the San Francisco Bay Area, Mervyn's LLC --
http://www.mervyns.com/-- provided a mix of top national brands
and exclusive private labels.  Mervyn's had 176 locations in seven
states.  Mervyn's stores have an average of 80,000 retail square
feet, smaller than most other mid-tier retailers and easier to
shop, and are located primarily in regional malls, community
100 shopping centers, and freestanding sites.

The Company and its affiliates filed for Chapter 11 protection
(Bankr. D. Del. Case No. 08-11586) on July 29, 2008.  Howard
S. Beltzer, Esq., and Wendy S. Walker, Esq., at Morgan Lewis &
Bockius LLP, and Mark D. Collins, Esq., Daniel J. DeFranceschi,
Esq., Christopher M. Samis, Esq. and L. Katherine Good, Esq., at
Richards Layton & Finger P.A., represent the Debtors in their
restructuring efforts.  Kurtzman Carson Consultants LLC is the
Debtors' claims agent.  The Debtors' financial advisor is Miller
Buckfire & Co. LLC.  Mervyn's LLC's balance sheet at Aug. 30,
2008, showed $665,493,000 in total assets and $717,160,000 in
total liabilities resulting in a $51,667,000 total stockholders'
deficit.

In October 2008, Mervyn's disclosed its plans to close all stores
and wind down its assets.


METALS USA: Delays IPO of 10,526,315 Common Shares
--------------------------------------------------
Metals USA Holdings Corp. filed with the Securities and Exchange
Commission an Amendment No. 9 to the Form S-1 Registration
Statement under the Securities Act of 1933, to delay the effective
date of the Registration Statement.  The Registration Statement
relates to an initial public offering of 10,526,315 shares of
Metals USA common stock.  All of the 10,526,315 shares are being
sold by the Company.

No later than 60 days following Metals USA's receipt of the
proceeds of the offering, the Company is required to make an offer
to all holders of its senior floating rate toggle notes due 2012,
including its affiliates, to repurchase the maximum principal
amount of the notes that may be purchased out of the net proceeds
of this offering, estimated to be $171.6 million, at a price equal
to 100% of the principal amount, which includes accrued and unpaid
interest to the date of the closing of the repurchase offer.

If the net proceeds of this offering are greater than the purchase
price of the notes tendered by holders, Metals USA will use the
balance of the net proceeds, if any, for general corporate
purposes.  In lieu of the repurchase offer, Metals USA may, at its
option, elect to send a redemption notice to all holders of the
notes calling for the full and unconditional redemption of the
notes.  Notice of redemption will be sent at least 30 days but not
more than 60 days before the redemption date.  As with the
repurchase offer, the redemption price will equal 100% of the
principal amount, plus accrued and unpaid interest to the
redemption date, estimated to be approximately $171.6 million.
Unlike the repurchase offer, however, holders of the notes subject
to redemption may not elect to continue to hold their notes and as
such, it is expected that none of the notes will be outstanding
following the offering and the consummation of a redemption.

Prior to this offering, there has been no public market for the
common stock.  It is currently estimated that the initial public
offering price per share will be between $18.00 and $20.00.
Metals USA has applied to list its common stock on The New York
Stock Exchange under the symbol "MUSA."

Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, J.P.
Morgan Securities Inc. and Morgan Stanley & Co. Incorporated will
act as the representatives of the underwriters:

     * Goldman, Sachs & Co.;
     * Credit Suisse Securities (USA) LLC;
     * J.P. Morgan Securities Inc.;
     * Morgan Stanley & Co. Incorporated;
     * Jefferies & Company, Inc.;
     * Moelis & Company LLC;
     * Lazard Capital Markets LLC;
     * KeyBanc Capital Markets Inc.; and
     * Dahlman Rose & Company, LLC

A full-text copy of the prospectus is available at no charge at
http://ResearchArchives.com/t/s?5e87

                         About Metals USA

Based in Houston, Texas, Metals USA Holdings Corp. --
http://www.metalsusa.com/-- provides a wide range of products and
services in the heavy carbon steel, flat-rolled steel, non-ferrous
metals, and building products markets.

Metals USA reported $627.8 million in total assets and
$671.5 million in total liabilities, resulting to a stockholders'
deficit of $43.7 million as of December 31, 2009.

                           *     *     *

As reported by the Troubled Company Reporter on April 15, 2009,
Standard & Poor's Ratings Services lowered its corporate credit
ratings on Metals USA Holdings Corp. and on its wholly owned
subsidiary, Metals USA Inc., to 'CCC+' from 'B-'.  At the same
time, S&P lowered its rating on the senior secured notes and the
senior unsecured pay-in-kind toggle notes to 'CCC-' from 'CCC'.


METALS USA: Expects $480-Mil. Net Debt at End of March 31 Qtr
-------------------------------------------------------------
Metals USA Holdings Corp. disclosed in a regulatory filing on
Tuesday that it estimates that its net debt -- defined as total
debt less cash -- as of the end of the fiscal quarter ended
March 31, 2010, will be in the range of $465 million to
$480 million, as the Company did not receive a Federal income tax
refund, expected to be $15 million, prior to the end of the fiscal
quarter ended March 31, 2010.  The Company expects to receive the
tax refund in the second quarter of 2010.

                         About Metals USA

Based in Houston, Texas, Metals USA Holdings Corp. --
http://www.metalsusa.com/-- provides a wide range of products and
services in the heavy carbon steel, flat-rolled steel, non-ferrous
metals, and building products markets.

Metals USA reported $627.8 million in total assets and
$671.5 million in total liabilities, resulting to a stockholders'
deficit of $43.7 million as of December 31, 2009.

                           *     *     *

As reported by the Troubled Company Reporter on April 15, 2009,
Standard & Poor's Ratings Services lowered its corporate credit
ratings on Metals USA Holdings Corp. and on its wholly owned
subsidiary, Metals USA Inc., to 'CCC+' from 'B-'.  At the same
time, S&P lowered its rating on the senior secured notes and the
senior unsecured pay-in-kind toggle notes to 'CCC-' from 'CCC'.


METALS USA: Implements 1.7431-for-1 Split of Common Stock
---------------------------------------------------------
Metals USA Holdings Corp., on April 5, 2010, filed its Amended and
Restated Certificate of Incorporation with the Delaware Secretary
of State in connection with a 1.7431-for-1 stock split of the
Company's common stock, $0.01 par value.  Both the Amended and
Restated Certificate of Incorporation and Stock Split were
effective on April 5, 2010.  The amendment to the Certificate of
Incorporation and the Stock Split were approved by the Company's
Board of Directors and stockholders on March 19, 2010.

Pursuant to the Stock Split, on April 5, 2010, the Company made a
distribution of 0.7431 share of Common Stock, paid in Common
Stock, on each issued and outstanding share of Common Stock of
the Company to holders of record as of the close of business on
April 1, 2010.  Shares of Common Stock were rounded up to the
nearest whole number in lieu of fractional shares.

Each stockholder's percentage ownership in the Company and
proportional voting power remained unchanged after the Stock
Split, except for minor changes and adjustments resulting from the
treatment of fractional shares.

In addition to the Stock Split, and among other things, the
Company's Amended and Restated Certificate of Incorporation
effects an increase in the total number of shares of all classes
of stock that the Company will be authorized to issue to
150,000,000 shares, of which 140,000,000 will be Common Stock and
10,000,000 will be preferred stock, $0.01 par value.

A full-text copy of the Company's free writing prospectus in
connection with the stock split is available at no charge at:

              http://ResearchArchives.com/t/s?5e86

                         About Metals USA

Based in Houston, Texas, Metals USA Holdings Corp. --
http://www.metalsusa.com/-- provides a wide range of products and
services in the heavy carbon steel, flat-rolled steel, non-ferrous
metals, and building products markets.

Metals USA reported $627.8 million in total assets and
$671.5 million in total liabilities, resulting to a stockholders'
deficit of $43.7 million as of December 31, 2009.

                           *     *     *

As reported by the Troubled Company Reporter on April 15, 2009,
Standard & Poor's Ratings Services lowered its corporate credit
ratings on Metals USA Holdings Corp. and on its wholly owned
subsidiary, Metals USA Inc., to 'CCC+' from 'B-'.  At the same
time, S&P lowered its rating on the senior secured notes and the
senior unsecured pay-in-kind toggle notes to 'CCC-' from 'CCC'.


MORRIS PUBLISHING: Dec. 31 Balance Sheet Upside-Down by $314.8MM
----------------------------------------------------------------
Morris Publishing Group, LLC, filed on April 5, 2010, its annual
report on Form 10-K for the year ended December 31, 2009.

The Company's balance sheet as of December 31, 2009, showed
$170.5 million in assets and $485.3 million of debts, for a
member's deficiency in assets of $314.8 million.

The Company reported a net loss of $20.8 million on $256.9 million
revenue for 2009, compared with a net loss of $140.7 million on
$321.8 million of revenue for 2008.

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

               http://researcharchives.com/t/s?5e81

Augusta, Ga.-based Morris Publishing Group, LLC, owns and operates
13 daily newspapers as well as non-daily newspapers, city
magazines and free community publications in the Southeast,
Midwest, Southwest and Alaska.

The Company filed for Chapter 11 bankruptcy protection on
January 19, 2010 (Bankr. S.D. Ga. Case No. 10-10134).  James T.
Wilson, Jr., Esq., who has an office in Augusta, Ga., is the
Debtor's co-counsel.  Lazard Ltd. is the Debtor's financial
advisor, while Kurtzman Carson Consultants is its claims agent.
The Company listed $100,000,001 to $500,000,000 in assets and
$100,000,001 to $500,000,000 in liabilities.

On January 19, 2010, the Debtors filed their joint prepackaged
plan of reorganization pursuant to Chapter 11 of the Bankruptcy
Code.  The Plan was confirmed by the Bankruptcy Court on
February 17, 2010.  The Debtors emerged from bankruptcy on
March 1, 2010.


NEENAH ENTERPRISES: Files Pre-Negotiated Bankruptcy Exit Plan
-------------------------------------------------------------
Bill Rochelle at Bloomberg News reports that Neenah Foundry Co.
filed a reorganization plan and explanatory disclosure statement
designed to bring conclusion to the second venture into Chapter
11.  Neenah filed under Chapter 11 on Feb. 3 after hashing out
agreement on a plan with holders of 55% of secured notes and all
the subordinated notes.

According to the report, the plan would exchange the $237.5
million outstanding on 9.5% senior secured notes for 97% of the
new stock plus a new $50 million secured loan.  Tontine Capital
Partners LP, the controlling shareholder and holder of the $88.7
million in 12.5% senior subordinated notes, is to have 3% of the
new equity plus warrants to purchase 10%.  The draft disclosure
statement has blanks where senior and subordinated creditors
ultimately will be told the predicted percentage recovery.  The
$55.2 million secured working capital loan is to be paid in full
or reinstated.  Trade suppliers are to be paid in full.

The hearing for approval of the disclosure statement is scheduled
for April 27.

                       About Neenah Enterprises

Headquartered in Neenah, Wisconsin, Neenah Enterprises, Inc. --
http://www.nfco.com/-- is the indirect parent holding company of
Neenah Foundry Company. Neenah Foundry Company and its
subsidiaries manufacture and market a wide range of iron castings
and steel forgings for the heavy municipal market and selected
segments of the industrial markets.  Neenah is one of the largest
independent foundry companies in the United States, with
substantial market share in the municipal and various industrial
markets for gray and ductile iron castings and forged steel
products.

The Company filed for Chapter 11 bankruptcy protection on
February 3, 2010 (Bankr. D. Del. Case No. 10-10360).  Edmon L.
Morton, Esq., and Kenneth J. Enos, Esq., assist the Company in its
restructuring effort.  The Company had $286,611,000 in total
assets against total liabilities of $449,435,000, resulting in
stockholder's deficit of $162,824,000.

The Company's affiliates -- NFC Castings, Inc.; Neenah Foundry
Company; Cast Alloys, Inc.; Neenah Transport, Inc.; Advanced Cast
Products, Inc.; Gregg Industries, Inc.; Mercer Forge Corporation;
Deeter Foundry, Inc.; and Dalton Corporation -- filed separate
Chapter 11 petitions.


NEW LEAF: Mayer Hoffman Raises Going Concern Doubt
--------------------------------------------------
New Leaf Brands, Inc. filed on March 31, 2010, its annual report
on Form 10-K for the year ended December 31, 2009.

Mayer Hoffman McCann P.C., in Phoenix, Ariz., 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 a working
capital deficiency, was not in compliance with certain financial
covenants related to debt agreements, and has a significant amount
of debt maturing in 2010.

The Company reported a net loss of $10.9 million on $3.5 million
of revenue for 2009, compared with a net loss of $4.2 million on
$799,183 of revenue for 2008.

The Company's balance sheet as of December 31, 2009, showed
$6.8 million in assets, $5.1 million of debts, and $1.7 million of
stockholders' equity.

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

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

Scottsdale, Ariz.-based New Leaf Brands, Inc. develops, markets
and distributes healthy and functional ready-to-drink teas under
the New Leaf(R) brand.


NEWLEAD HOLDINGS: Delays Plan to Issue $500,000,000 in Securities
-----------------------------------------------------------------
NewLead Holdings Ltd. has delayed a plan to issue $500,000,000 in
securities.  In a Form F-3 Registration Statement under the
Securities Act of 1933, which was filed with the Securities and
Exchange Commission, the Company said it may, from time to time,
issue up to $500,000,000 aggregate principal amount of common
shares, preference shares, warrants or debt securities.  The
Company may sell the securities to or through underwriters and
also to other purchasers or through agents.  A full-text copy of
the Registration Statement is available at no charge at
http://ResearchArchives.com/t/s?5e83

The Company's common shares are listed on the NASDAQ Global Select
Market under the symbol "NEWL."  As of March 25, 2010, the
aggregate market value of the Company's outstanding common shares
held by non-affiliates is $17,777,750 based on 79,453,821
outstanding common shares, of which 18,912,500 shares are held by
non-affiliates, and a per share price of $0.94 based on the
closing sale price of the Company's common shares on March 12,
2010.  On March 25, 2010, the reported sale price of the Company's
common shares was $0.71 per share.

NewLead also filed a separate Form F-3 Registration Statement
under the Securities Act of 1933 in connection with the
disposition from time to time by selling shareholders of up to an
aggregate of 39,166,666 common shares, of which 29,166,666 common
shares are held directly by certain of the selling shareholders,
and 10,000,000 common shares are issuable upon exercise of
Warrants to purchase 10,000,000 common shares (5,000,000 expiring
on October 13, 2015 and 5,000,000 expiring on January 2, 2016),
having exercise prices of $2.00 per common share.  Of the
29,166,666 common shares held directly being offered for resale,
26,666,666 common shares were issued in November 2009 as a result
of the conversion of $20.0 million in aggregate principal amount
of the senior unsecured notes due 2015.  A full-text copy of the
Registration Statement is available at no charge at:

               http://ResearchArchives.com/t/s?5e86

                         Covenant Waivers

In a regulatory filing in March 2010, NewLead said that under the
terms of its facility agreement, certain financial covenants
(excluding working capital and minimum liquidity) have been waived
by its lenders until at least April 2012 with respect to some
covenants and until October 2012 with respect to others.  NewLead
indicated that if it is unable to succeed in implementing its
business plan, it could be in default under the facility agreement
when those covenants come into effect.  Such event could have a
material adverse effect on NewLead's operations and its ability to
raise new capital.

On October 13, 2009, NewLead entered into a new $221.4 million
facility agreement with its existing syndicate of lenders to
refinance its existing revolving credit facility.  The Facility
Agreement requires NewLead to meet certain financial covenants
that become effective in April 2012 with respect to certain
financial covenants and in October 2012 with respect to others.
NewLead intends to be in compliance with all financial covenants
by those deadlines.

NewLead reported a net loss of $125.764 million for its
predecessor company for the period from January 1, 2009, to
October 13, 2009, and a net loss of $37.872 million for its
successor company for the period from October 14, 2009, to
December 31, 2009.

At December 31, 2009, NewLead had $399.285 million in total assets
against $326.809 million in total liabilities, resulting in
$72.476 million in stockholders' equity.

A full-text copy of the Company's Annual Report on Form 20-F is
available at no charge at http://ResearchArchives.com/t/s?5e85

                      About NewLead Holdings

Headquartered in Piraeus, Greece, NewLead Holdings Ltd. (Nasdaq:
NEWL) -- http://www.newleadholdings.com/-- was incorporated on
January 12, 2005, under the name of "Aires Maritime Holdings
Limited.  The Company is an international shipping company that
owns and operates product tanker and dry bulk vessels.  The
Company's products tanker fleet consists of five MR tankers and
four Panamax tankers, all of which are double-hulled.  The Company
also owns three dry bulk vessels secured on period charters.

The Company is an indirect subsidiary of Aries Energy Corporation.
Aries Energy, an affiliate through its wholly-owned subsidiary
Rocket Marine Inc., currently owns approximately 23% of the
Company's outstanding common shares.

On October 13, 2009, the Company announced an approximately
US$400.0 million recapitalization which resulted in Grandunion
Inc. acquiring control of the Company.  Pursuant to the Stock
Purchase Agreement entered into on September 16, 2009, a company
controlled by Michail S. Zolotas and Nicholas G. Fistes, acquired
18,977,778 newly issued common shares of the Company in exchange
for three drybulk carriers.


NEXSTAR BROADCASTING: S&P Affirms 'B-' Corporate Credit Rating
--------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its ratings on Irving,
Texas-based TV broadcaster Nexstar Broadcasting Group Inc.,
including the 'B-' corporate credit rating.  At the same time, S&P
revised the rating outlook to positive from stable.

S&P also assigned issue-level and recovery ratings to the
company's amended credit facilities and proposed senior secured
second-lien notes issuance.  The $175 million senior secured
credit facilities of Nexstar Broadcasting Inc. and Mission
Broadcasting Inc. are rated 'B+' (two notches higher than the 'B-'
corporate credit rating) with a recovery rating of '1', indicating
S&P's expectation of very high (90% to 100%) recovery for lenders
in the event of a payment default.  The credit facilities are
guaranteed by parent Nexstar Broadcasting Group Inc.

In addition, S&P assigned the proposed second-lien notes co-issued
by Nexstar Broadcasting Inc. and Mission Broadcasting Inc., and
guaranteed by Nexstar Broadcasting Group Inc., a rating of 'B-'
(at the same level as the 'B-' corporate credit rating).  This
debt was also assigned a recovery rating of '3', indicating S&P's
expectation of meaningful (50% to 70%) recovery for noteholders in
the event of a payment default.  The company plans to use proceeds
of the notes issuance to reduce credit facility borrowings and to
repay its 13% senior subordinated notes due 2014.

"The rating outlook revision to positive reflects S&P's
expectation that Nexstar's core ad revenue, particularly auto
advertising, will grow modestly in 2010," explained Standard &
Poor's credit analyst Deborah Kinzer.

The EBITDA growth resulting from the rebound in core advertising,
combined with the benefits of Olympics advertising and political
ad revenue from midterm elections should, in S&P's view, enable
Nexstar to reduce its leverage significantly by the end of the
year.

The 'B-' corporate credit rating reflects the company's high debt
leverage from aggressive debt-financed acquisitions, very weak
discretionary cash flow because of revenue and EBITDA declines,
advertising's vulnerability to economic downturns, and TV
broadcasting's mature revenue growth prospects.  Nexstar's cash
flow diversity from major network-affiliated TV stations in
midsize markets minimally offsets these factors.

Nexstar operates 62 TV stations, reaching 11.5% of U.S. TV
households.  Stations affiliated with the four major networks
contribute almost all of the company's revenue.  The company has
No. 1- or No. 2-rated local news programs in three-quarters of its
markets.  Revenues are well diversified by state, with no state
contributing more than 19% of Nexstar's total revenue, although
this did not prevent significant consolidated revenue and EBITDA
declines in 2009.  Moreover, revenue comparisons in nonelection
years are difficult because of large swings in political
advertising.


NORTH AMERICAN: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: North American Associates, LLP
          dba Q/C Stoughton Realty Trust
        1663 Central Street
        Stoughton, MA 02072

Bankruptcy Case No.: 10-13611

Chapter 11 Petition Date: April 2, 2010

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

Judge: Joan N. Feeney

Debtor's Counsel: Kara Zaleskas, Esq.
                  Duane Morris LLP
                  470 Atlantic Avenue, Suite 500
                  Boston, MA 02210
                  Tel: 857-488-4200
                  Fax: 857-488-4201
                  E-mail: kmzaleskas@duanemorris.com

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

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

The Company did not file a list of creditors together with its
petition.

The petition was signed by Myrna L. Katz and Robert P. Berish,
partners.


NOVELOS THERAPEUTICS: Dec. 31 Balance Sheet Upside-Down by $26.9MM
------------------------------------------------------------------
Novelos Therapeutics, Inc., filed on March 30, 2010, its annual
report on Form 10-K for the year ended December 31, 2009.

The Company's balance sheet as of December 31, 2009, showed
$8.9 million in assets, $17.4 million of debts, and $18.5 million
of redeemable preferred stock, for a stockholders' deficit of
$26.9 million.

The Company reported a net loss of $22.3 million on $96,314 of
revenue for 2009, compared with a net loss of $16.5 million on
$125,968 of revenue for 2008.

Stowe & Degon LLC, in Westborough, Mass., expressed substantial
doubt about the Company's ability to continue as a going concern.
The independent auditors noted that of the Company's continuing
losses and stockholders' deficiency at December 31, 2009.

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

               http://researcharchives.com/t/s?5e7f

Newton, Mass.-based Novelos Therapeutics, Inc. is a
biopharmaceutical company focused on developing and
commercializing oxidized glutathione-based compounds for the
treatment of cancer and hepatitis.


NVT HOLDINGS: S&P Withdraws 'B-' Corporate Credit Rating
--------------------------------------------------------
Standard & Poor's Ratings Services withdrew its ratings on U.S. TV
broadcaster NVT Holdings LLC and its subsidiary, NVT Networks LLC,
at the company's request.

                           Ratings List

                         Not Rated Action

                         NVT Holdings LLC

                                     To      From
                                     --      ----
         Corporate Credit Rating     NR      B-/Stable/--

                         NVT Networks LLC

                                          To      From
                                          --      ----
              Senior Secured              NR      B+
                Recovery Rating           NR      1

                          NR -- Not rated.


PAL FAMILY CREDIT: Two-Party Dispute Chapter 11 Case Dismissed
--------------------------------------------------------------
WestLaw reports that a bankruptcy court properly dismissed, under
the "for cause" dismissal provision, the jointly administered
Chapter 11 cases filed by entities which had no income or
expenses, no employees, and no reasonable likelihood of
reorganizing, which also had few unsecured creditors, and whose
cases were essentially two-party disputes with the local taxing
authority and a further attempt by the debtors, after prior
filings by related entities, to preserve an interest in real
property which was the subject of a tax foreclosure sale.
Moreover, the court did not abuse its discretion, following
dismissal of the jointly administered Chapter 11 cases, in
declining to retain jurisdiction over an adversary proceeding by
the debtors challenging the tax foreclosure sale as a fraudulent
conveyance. Trial had not yet started in the adversary proceeding.
Pal Family Credit Co., Inc. v. County of Albany, --- B.R. ----,
2010 WL 743803 (N.D.N.Y.).

Pal Family Credit Co., Inc., and its affiliate, Universal Gardens,
Ltd., sought Chapter 11 protection (Bankr. N.D.N.Y. Case Nos. 06-
12647 and 06-12648) on Oct. 10, 2006, and are represented by
Richard H. Weiskopf, Esq., at O'Connell & Aronowitz, in Albany.
The Debtors estimated their assets and liabilities at less than
$2 million at the time of the filings.


PANIOLO CABLE: Moody's Withdraws Ratings on Senior Notes
--------------------------------------------------------
Moody's Investors Service has withdrawn the ratings on Paniolo
Cable Company, LLC's Senior Secured Series A and Second Lien
Series B Notes.  Moody's has withdrawn these ratings for business
reasons.

The last rating action on Paniolo was on December 15, 2009, when
ratings on the Senior Secured Series A Notes and the Second Lien
Series B Notes were downgraded to B1 and B3 respectively from A3
and Baa2.

Paniolo's ratings were assigned by evaluating factors believed to
be relevant to the credit profile of the issuer.  These attributes
were compared against other issuers both within and outside of
Paniolo's core peer group and Paniolo's rating is believed to be
comparable to ratings assigned to other issuers of similar credit
risk.

Paniolo Cable Company, LLC, is a limited liability company, formed
under the laws of the State of Delaware, specifically to undertake
the Hawaiian submarine telecommunication system project.


PHILADELPHIA NEWSPAPERS: Creditors Fail to Halt April 27 Auction
----------------------------------------------------------------
Sophia Pearson at Bloomberg News reports that the U.S. Court of
Appeals denied a request by lenders to halt the auction for
Philadelphia Newspapers LLC's assets.  An auction is now scheduled
for April 27.

The secured lenders wanted the auction put off pending further
review by the Court of Appeals or the Supreme Court with respect
to the Court of Appeals' ruling that barred lenders from
submitting a credit bid at the auction.

As reported by the TCR on March 23, the United States Court of
Appeals for the Third Circuit, in a 96-page opinion, has allowed
Philadelphia Newspapers LLC to pursue a sale process that would
bar credit bidding by secured lenders.

"Because subsection (iii) of Section 1129(b)(2)(A) unambiguously
permits a debtor to proceed with any plan that provides secured
lenders with the 'indubitable equivalent' of their secured
interest in the assets and contains no statutory right to credit
bidding, we will affirm the District Court's approval of the
proposed bid procedures," Circuit Judge D. Michael Fisher wrote in
the Opinion.  Two of three circuit judges entered a ruling in
favor of barring the lenders from credit bidding.  One dissented.

A copy of the Third Circuit Ruling is available for free at:

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

             Bankruptcy Court & District Court Rulings

Philadelphia Newspapers took an appeal to the District Court from
the Bankruptcy Court's ruling that gives secured lenders the right
to use debt they are owed as part of their bid to acquire the
Company.  In an opinion entered November 10, 2009, District Judge
Eduardo C. Robreno reversed the October 8 ruling by the Bankruptcy
Court.  As a result, Philadelphia Newspapers can hold an auction
where the secured lenders must bid cash and cannot submit a credit
bid ifintends to participate in the auction.

Citizens Bank of Pennsylvania and a Steering Group of Prepetition
Secured Lenders appealed the District Court's ruling to the Third
Circuit, which stayed the auction pending the appeal.  The Lenders
had asked the appeals court to determine what rights a secured
lender has when its collateral is sold pursuant to Section
1123(a)(5)(D).

The Company is contemplating on selling its business to a group of
local investors, including Bruce E. Toll, absent higher and better
bids for the assets.  The investor group Philly Papers LLC is
offering $30 million cash plus a combination of payment of certain
expenses and assumption of liabilities that will yield gross
proceeds to the estates of $41 million.  The Debtor opposed a
credit bid by lenders owed more than $400 million, saying that it
would have a "chilling effect" on competing bidders.  A credit bid
would easily top the offer by Mr. Toll.

                        The Chapter 11 Plan

Philadelphia Newspapers has already obtained approval of the
disclosure statement explaining the Plan and is now soliciting
votes on the Plan.

The Plan is based upon a sale of all of the Debtors' business to
Bruce E. Toll-led Philly Papers LLC, subject to higher and better
offers.  According to the disclosure statement explaining the
Plan, with the sale of the Debtors' business to Bruce Toll,
holders of secured claims, including $66 million, senior secured
claims, will recover 100 cents on the dollar.  Holders of
$350 million prepetition unsecured debt claims will recover less
than 1% of their claims.  Holders of prepetition unsecured trade
claims will recover up to 6%.  The Plan allocates $750,000
liquidating trust in favor of general unsecured trade creditors
and a 3% distribution of equity interests in Philly Papers to
holders of unsecured prepetition claims other than general trade
creditors.

A copy of the Debtors' Disclosure Statement is available for free
at http://bankrupt.com/misc/PhillyNews_DiscStatement.pdf

A copy of the Debtors' Insider Chapter 11 Plan is available for
free at http://bankrupt.com/misc/PhillyNews_Ch11Plan.pdf

                   About Philadelphia Newspapers

Philadelphia Newspapers -- http://www.philly.com/-- owns and
operates numerous print and online publications in the
Philadelphia market, including the Philadelphia Inquirer, the
Philadelphia Daily News, several community newspapers, the
region's number one local Web site, philly.com, and a number of
related online products. The Company's flagship publications are
the Inquirer, the third oldest newspaper in the country and the
winner of numerous Pulitzer Prizes and other journalistic
recognitions, and the Daily News.

Philadelphia Newspapers and its debtor-affiliates filed for
Chapter 11 bankruptcy protection on February 22, 2008 (Bankr. E.D.
Pa. Case No. 09-11204).  Mark K. Thomas, Esq., and Paul V.
Possinger, Esq., at Proskauer Rose LLP in Chicago, Illinois; and
Lawrence G. McMichael, Esq., Christie Callahan Comerford, Esq.,
and Anne M. Aaronson, Esq., at Dilworth Paxson LLP, in
Philadelphia, Pennsylvania, serve as bankruptcy counsel.  The
Debtors' financial advisor is Jefferies & Company Inc.  The Garden
City Group, Inc., serves as claims and notice agent.

Ben Logan, Esq., at O'Melveny & Myers LLP in Los Angeles,
California; and Gary Schildhorn, Esq., at Eckert Seamans Cherin &
Mellott, LLC in Philadelphia, represent the Official Committee of
Unsecured Creditors.  Fred S. Hodara, Esq., Abid Qureshi, Esq.,
and Alexis Freeman, Esq., at Akin Gump Strauss Hauer & Feld LLP in
New York, represent the Steering Group of Prepetition Secured
Lenders.

Philadelphia Newspapers listed assets and debts of $100 million to
$500 million in its bankruptcy petition.


PHILLIP JONES: Case Summary & 11 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Phillip W. Jones MD
        P.O. Box 666
        Corsicana, TX 75151-0666

Bankruptcy Case No.: 10-32081

Chapter 11 Petition Date: March 29, 2010

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

Judge: Barbara J. Houser

Debtor's Counsel: Jesse Blanco, Esq.
                  Law Offices of Jesse Blanco & Associates
                  P.O. Box 680875
                  San Antonio, TX 78268
                  Tel: (210) 509-6925
                  Fax: (210) 509-6903
                  E-mail: blancolaw@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 $3,296,896,
and total debts of $1,617,103.

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

            http://bankrupt.com/misc/txnb10-32081.pdf

The petition was signed by Phillip W. Jones MD.


PPM TECHNOLOGIES: Seeks Chapter 11 Protection in Chicago
--------------------------------------------------------
PPM Technologies Holding Inc., doing business as PPM Global Corp.,
filed for protection under Chapter 11 of the U.S. Bankruptcy Code
on April 3 in Chicago (Bankr. N.D. Ill. Case No. 10-14788).

PPM is a supplier to the food packaging and processing industry.
It listed $1 million to $10 million in assets and $10 million to
$50 million in debts.  The list of creditors included professional
service firms, raw materials suppliers, the Health Net Health Plan
of Oregon, and food products companies including Kellog Company
Mexico, a unit of Kellog Co.


RATHGIBSON INC: GE Capital Objects to Ch. 11 Exit Plan
------------------------------------------------------
Bankruptcy Law360 reports that creditor GE Capital Franchise
Finance Corp. has objected to the latest plan of reorganization
filed by bankrupt steel tube maker RathGibson Inc., claiming the
plan improperly classifies as unimpaired its claim related to a
$1.7 million loan guaranty.

Headquartered in Lincolnshire, Illinois, RathGibson Inc. --
http://www.RathGibson.com/, http://www.GreenvilleTube.com/
and http://www.ControlLine.com/-- is a worldwide manufacturer of
highly engineered stainless steel, nickel, and titanium tubing for
diverse industries such as chemical, petrochemical, energy --
power generation, energy -- oil and gas, food, beverage,
pharmaceutical, biopharmaceutical, medical, biotechnology, and
general commercial.

Manufacturing locations include: Janesville, Wisconsin, North
Branch, New Jersey, Clarksville, Arkansas (Greenville Tube), and
Marrero, Louisiana (Mid-South Control Line).  In addition to the
sales offices in Janesville, North Branch, and Marrero, RathGibson
has also strategically placed sales offices in Houston, Texas,
USA; Shanghai, China; Manama, Bahrain; Melbourne, Australia;
Seoul, Republic of Korea; Mumbai, India; Singapore; Vienna,
Austria; and Buenos Aires, Argentina.

RathGibson, Inc., together with three affiliates, filed for
Chapter 11 on June 13, 2009 (Bankr. D. Del. Case No. 09-12452).
Attorneys at Young, Conaway, Stargatt & Taylor and Willkie Farr &
Gallagher LLP serve as co-counsel.  Jefferies & Company Inc. and
Mesirow Financial Consulting LLC have been hired as financial
advisors.  Kelley Drye & Warren LLP serves as special corporate
counsel.  Garden City Group is claims and notice agent.  The
petition says that Rathgibson has assets and debts of $100 million
to $500 million.

Scott Welkis, Esq., Kristopher M. Hansen, Esq., and Jayme T.
Goldstein, Esq., at Stroock & Stroock & Lavan represent Wilmington
Trust FSB, as administrative agent, and an ad hoc committee of
certain holders of Senior Notes.  Attorneys at Richards, Layton &
Finger P.A., also represent the ad hoc noteholders committee.


PHILLIP JONES: Case Summary & 11 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Phillip W. Jones MD
        P.O. Box 666
        Corsicana, TX 75151-0666

Bankruptcy Case No.: 10-32081

Chapter 11 Petition Date: March 29, 2010

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

Judge: Barbara J. Houser

Debtor's Counsel: Jesse Blanco, Esq.
                  Law Offices of Jesse Blanco & Associates
                  P.O. Box 680875
                  San Antonio, TX 78268
                  Tel: (210) 509-6925
                  Fax: (210) 509-6903
                  E-mail: blancolaw@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 $3,296,896,
and total debts of $1,617,103.

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

            http://bankrupt.com/misc/txnb10-32081.pdf

The petition was signed by Phillip W. Jones MD.


SAINT VINCENT'S: To Stop Operations After More Than 160 Years
-------------------------------------------------------------
The Wall Street Journal's Suzanne Sataline reports that St.
Vincent's Catholic Medical Center has voted to close its inpatient
and acute care centers, effectively closing the hospital after
more than 160 years.

According to the Journal, the vote, confirmed by a hospital
spokesman, came as St. Vincent's has struggled for six months with
a budget deficit and has perched on the brink of bankruptcy, just
a few years after emerging from an earlier bankruptcy filing.  The
hospital has tried for months to find a partner or new owner.  A
potential deal with Mt. Sinai Medical Center fell through last
week, the Journal recalls.

The Journal notes the State of New York pumped $9 million in
emergency loans so the hospital could keep running and meet its
payroll, Gov. David Paterson's office said.

According to the Journal, the spokesman said St. Vincent's will
cease elective surgeries on April 14.  Officials are working with
the state Department of Health on the timetable to wind down its
operations, a spokesman said, the Journal relates.  The hospital
said it will end behavioral health care, but continue to operate
its outpatient centers for cancer care and HIV-AIDS treatment.

As reported by the Troubled Company Reporter on April 5, 2010, The
New York Times said declaring bankruptcy might not be enough to
save St. Vincents, which emerged from bankruptcy only three years
ago. According to NY Times, St. Vincents' creditors could force it
to close, with its assets -- principally its valuable Village real
estate -- sold off to satisfy some of its $700 million debt.

NY Times said St. Vincents had been set to declare bankruptcy the
first week of February, but a total of about $20 million in
emergency loans from the state and the hospital's main creditors,
GE Capital and TD Bank, helped give it a few more weeks to make
payroll and search for a partner.

According to NY Times, St. Vincents, which is running at a deficit
of $7 million to $10 million a month, has spent nearly all that
money, and with Albany deep in its own financial trouble, more
state money is unlikely, people close to the process said on
Thursday.

According to the TCR on January 27, 2010, Crain's said SVCMC is in
default of its reorganization plan.  It missed a $10 million
payment to a trust fund created to deal with medical malpractice
cases.  According to the TCR, Crain's reported that SVCMC failed
to transfer $10 million to the MedMal Trusts on August 30, the
anniversary of the plan's effective date.  Crain's said lawyers
tried to work with SVCMC to cure the default, including an asset
sale.

According to the TCR, Crain's said SVCMC on January 19 informed
the fund that it would not cure the default with a $10 million
payment.  Instead, SVMC is distributing $18.6 million to other
creditors, according to court documents.  Crain's said lawyers
sought to keep the issue out of court dockets "in an effort to
protect the sensitivity of these matters and to provide SVCMC with
an opportunity to avoid a second bankruptcy filing."

         About Saint Vincent Catholic Medical Centers

Saint Vincent Catholic Medical Centers -- http://www.svcmc.org/--
is anchored by St. Vincent's Hospital Manhattan, an academic
medical center located in Greenwich Village and the only emergency
room on the Westside of Manhattan from Midtown to Tribeca, St.
Vincent's Westchester, a behavioral health hospital in Westchester
County, and continuing care services that include two skilled
nursing facilities in Brooklyn, another on Staten Island, a
hospice, and a home health agency serving the Metropolitan New
York area.  Its behavioral health services also provide supportive
housing programs for people with mental illness throughout the
Metropolitan area.  Saint Vincent's is the designated provider for
the New York and New Jersey region of the US Family Health Plan
sponsored by the US Department of Defense.

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

Saint Vincent Catholic Medical Centers of New York and six of its
affiliates filed for Chapter 11 protection on July 5, 2005 (Bankr.
S.D.N.Y. Case No. 05-14945 through 05-14951).  Gary Ravert, Esq.,
and Stephen B. Selbst, Esq., at McDermott Will & Emery, LLP, filed
the Debtors' Chapter 11 cases.  On September 12, 2005, John J.
Rapisardi, Esq., at Weil, Gotshal & Manges LLP took over
representing the Debtors in their restructuring efforts.  Martin
G. Bunin, Esq., at Thelen Reid & Priest LLP, represented the
Official Committee of Unsecured Creditors.  As of April 30, 2005,
the Debtors listed $972 million in total assets and $1 billion in
total debts.  The Court confirmed the Debtors' Chapter 11 plan on
July 27, 2007.


SPHERIX INC: Grant Thornton Raises Going Concern Doubt
------------------------------------------------------
Spherix Incorporated filed on March 30, 2010, its annual report on
Form 10-K for the year ended December 31, 2009.

Grant Thornton LLP, in Baltimore, expressed substantial
doubt about the Company's ability to continue as a going concern.
The independent auditors noted that the Company incurred a net
loss of $9,148,631 and used $7,832,625 in cash for operations in
2009.

The Company reported a net loss of $9,148,631 on $1,359,110 of
revenue for 2009, compared with a net loss of $4,135,534 on
$1,025,961 of revenue for 2008.

The Company's balance sheet as of December 31, 2009, showed
$10,155,308 in assets, $2,883,432 of debts, and $7,271,876 of
stockholders' equity.

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

               http://researcharchives.com/t/s?5e80

Bethesda, Md.-based Spherix Incorporated (NASDAQ CM: SPEX)
-- http://www.spherix.com/-- was launched in 1967 as a scientific
research company, under the name Biospherics Research.  The
Company now leverages its scientific and technical expertise and
experience through its two subsidiaries-Biospherics Incorporated
and Spherix Consulting, Inc.  Biospherics is currently running a
Phase 3 clinical trial to study the use of D-tagatose as a
treatment for Type 2 diabetes.  Its Spherix Consulting subsidiary
provides scientific and strategic support for suppliers,
manufacturers, distributors and retailers of conventional foods,
biotechnology-derived foods, medical foods, infant formulas, food
ingredients, dietary supplements, food contact substances,
pharmaceuticals, medical devices, consumer products, and
industrial chemicals and pesticides.


STAY 190: Files for Chapter 11 Protection in Texas
--------------------------------------------------
Stay 190 Ltd filed a petition seeking relief under Chapter 11 on
April 5, in Fort Worth, Texas, (Banrk. N.D. Tex. Case No. 10-
42413).

The Debtor, a single-asset real estate company, has its main asset
located at 301 Silver Glen Drive in Plano, Texas.  It listed in
the petition assets and debt of $10 million to $50 million.

Affiliate Holiday 360, Ltd. also filed (Bankr. N.D. Tex Case No.
10-42412), listing assets and debts of $10 million to $50 million.


SUNSHINE THREE: Debtor's Equitable Subordination Argument Fails
---------------------------------------------------------------
WestLaw reports that a corporate Chapter 11 debtor failed to state
a plausible claim for equitable subordination against a secured
creditor, based upon its alleged acts of inequitable conduct in
connection with its grant of a mortgage to the debtor's sole
shareholder.  There were no valid unsecured claims against the
estate, other than the potential deficiency claims of two secured
creditors, such that there were no creditors that could have been
harmed by the creditor's alleged inequitable conduct.  The
debtor's attempt to amend its schedules to list loans from its
shareholder that purportedly occurred before the debtor's
incorporation was preposterous.  Moreover, as a result of the
foreclosure sale of the debtor's property, the debtor had no
income or assets, such that there would be no distributions to the
creditor or the debtor's shareholder.  In re Sunshine Three Real
Estate Corp., --- B.R. ----, 2010 WL 623586 (Bankr. D. Mass.).

Sunshine Three Real Estate Corporation sought Chapter 11
protection (Bankr. D. Mass. Case No. 09-17821) on Aug. 17, 2009.
Gershon M. Gulko, Esq., in Worcester, Mass., represents the
Debtor.  At the time of the filing, the Debtor estimated its
assets and debts at less than $10 million.  A full-text copy of
the Debtor's petition is available at
http://bankrupt.com/misc/mab09-17821.pdfat no charge.


TACO DEL MAR: Gets Nod to Hire Karr Tuttle as Bankruptcy Counsel
----------------------------------------------------------------
Taco Del Mar Franchising Corp. and Conrad & Barry Investments,
Inc., sought and obtained authorization from the Hon. Thomas T.
Glover of the U.S. Bankruptcy Court for the Western District of
Washington to employ Karr Tuttle Campbell as bankruptcy counsel.

Karr Tuttle will:

     a. render legal advice to the Debtors with respect to their
        powers and duties as debtors-in-possession in the
        continued operation of their respective businesses;

     b. advise the Debtors with respect to any proceeding
        necessary to avoid liens, pursuant to the avoiding powers
        vested in a debtor-in-possession;

     c. prepare necessary applications, answers, orders, reports,
        and other legal papers on behalf of the Debtors that may
        be necessary or desirable in the Debtor's bankruptcy
        cases; and

     d. provide any other legal services the Debtors may require
        as a result of their bankruptcy cases.

The Debtors have paid Karr Tuttle in full for legal services
rendered prior to the Petition Date.  Karr Tuttle is holding
$62,328.12 from the Debtors in its trust account, which will be
applied toward payment of Kart Tuttle's fees for post-petition
legal services rendered to the Debtors as those fees are earned.

The Debtors assured the Court that Karr Tuttle is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

Founded in Seattle, Washington, in 1992 by brothers James and John
Schmidt, Taco Del Mar is a quick-service casual restaurant chain
inspired by southern Baja, Mexico, and coastal beach shacks known
for serving some of the tastiest burritos and tacos.  Today, Taco
Del Mar operates in more than 225 locations throughout the U.S.,
Canada and Guam.

Taco Del Mar Franchising Corp. filed for Chapter 11 bankruptcy
protection on January 22, 2010 (Bankr. W.D. Wash. Case No. 10-
10528).  The Company listed $10,000,001 to $50,000,000 in assets
and $50,000,001 to $100,000,000 in liabilities.

The Company's affiliate, Conrad & Barry Investments Inc., filed a
separate Chapter 11 petition.


TRIBUNE CO: Proposes April 30 Exclusivity Extension
---------------------------------------------------
Tribune Company and its debtor affiliates ask Judge Kevin J. Carey
of the U.S. Bankruptcy Court for the District of Delaware to
further extend their exclusive period to file a Chapter 11 plan of
reorganization through April 30, 2010.

Patrick J. Reilley, Esq., at Cole, Schotz, Meisel, Forman &
Leonard, P.A., in Wilmington, Delaware, tells the Court that the
Debtors and their major constituencies have engaged in substantial
negotiations during the time period since the February 18 hearing
to resolve the LBO-related claims as part of the Plan.  Mr.
Reilley maintains that a plan that incorporates a settlement of
those claims remains in the best interest of the Debtors, their
estates, creditors and other parties-in-interest to avoid the
extreme costs of protracted litigation and to maximize the going
concern value of their businesses, among other important reasons.

Mr. Reilley says that due to present confidentiality concerns, the
Debtors are unable to set forth the specifics of their discussions
and progress with their material constituencies regarding the
Plan, but will make supplement filings with the Court in respect
of the Plan prior to April 13.

Pursuant to Rule 9006-2 of the Local Rule of Bankruptcy Practice
and Procedure of the U.S. Bankruptcy Court for the District of
Delaware, the Debtors' exclusive period to file a Chapter 11 Plan
will automatically extend until the conclusion of the hearing of
the Motion, which is set for April 13, 2010.

The Debtors have asked the Court to set April 13 as the hearing
date on the Extension Motion and establish April 6 as objection
deadline.  The Debtors asserted that it is in their best interest
to seek approval of the Exclusivity Motion on April 13 to permit
the Court to consider an extension of the Exclusive Filing Period
and at the same time consider related issues raised by Wilmington
Trust Company for the appointment of an examiner and the motion of
the Official Committee of Unsecured Creditors for entry of an
order granting leave, standing and authority to commence,
prosecute and settle claims and counterclaims of the Debtors'
estates.

The Credit Agreement Lenders, as holders of approximately $4.6
billion principal amount of indebtedness arising under the Tribune
Company Senior Secured Credit Agreement asked the Court to permit
objections or responses to the Exclusivity Motion to be filed
within three business days after the Debtors make their promised
"supplemental filings."  The Credit Agreement Lenders averred that
if the Debtors fail to make those filings by April 9, the Court
should permit objections or responses to be filed at or at any
time prior to the April 13 hearing.

The Debtors related in a certification of counsel that on
April 1, 2010, a telephonic hearing was held on the Motion to Set
Expedited Hearing.  In accordance with the Court's direction, the
Debtors submitted a proposed form of order, which provides that:

  (a) the Debtors will make any supplemental filings on or
      before April 9, 2010; and

  (b) responses or objections to the Exclusivity Motion must be
      filed on or before April 12, 2010.

                        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)


TRIBUNE CO: Proposes to Settle with California Tax Board
--------------------------------------------------------
Tribune Company and its debtor affiliates seek the authority of
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware to settle with the Franchise Tax Board of the State of
California.  Specifically, the Settlement Agreement resolves
claims for refunds filed by Times Mirror Company for the 1997,
1998, and 1999 tax years.

The Settlement Agreement resolves dispute between Debtors Tribune
Company and its subsidiary California Community News Corporation
and the State of California concerning franchise tax refunds that
the Debtors assert are owed to them for tax years 1997, 1998 and
1999.  Tribune Company and California Community News are members
of a unitary group for the purposes of filing a state of
California combined unitary franchise tax return.

On November 8, 2002, Times Mirror Company filed claims with FTB
for franchise tax refunds resulting from the use of credits for
$2,784,506 for the taxable year ending December 31, 1997 and for
$605,225 for the taxable year ending December 31, 1998.  In
addition, Times Mirror filed a claim with the FTB for a franchise
tax refund resulting from the use of credits for $608,247 for the
taxable year ending December 31, 1999.  The Claims total
$3,997,978.

Following an initial review, on March 7, 2008, FTB issued the
Debtors Notices of Action on Cancellation, Credit or Refund
denying Times Mirror's 1997 Claim and 1998 Claim for and partially
denying Time Mirror's 1999 Claim.

The Debtors timely appealed the Notice resulting in a dispute
between the Debtors and FTB with respect to the amount of tax and
interest payable by the Debtors for taxable years ending
December 31, 1997, December 31, 1998, and December 31, 1999.

The Debtors and FTB entered into settlement negotiations in an
attempt to resolve the dispute regarding claims for the Taxable
Years.  As a result of those negotiations and the Debtors'
provision of documentation to FTB, on March 19, 2010, FTB and the
Debtors entered into the Settlement Agreement to effect a final
and complete settlement of the remaining portion of the Debtors'
Claims.

Pursuant to the Settlement Agreement, the Debtors will receive
$1,378,504 in tax refunds, plus applicable interest, which amount
will be held by the State of California pending the resolution of
additional tax matters between the Debtors and the State of
California.

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

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

                        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)


TRIBUNE CO: Has Income Taxes Settlement with Connecticut
--------------------------------------------------------
Tribune Co. and its units seek the Court's authority to enter into
a settlement agreement with the State of Connecticut Department of
Revenue Services pursuant to which the State of Connecticut would
receive allowed prepetition claims for $12,180,000 against Debtor
Tribune Television Company.

The Settlement Agreement seeks to settle the disputed prepetition
liability of Tribune Television, The Hartford Courant Company, and
Southern Connecticut Newspapers, Inc., and their affiliates for
Connecticut state income taxes for the periods from
December 1996 through December 2002 and December 2003 through
December 2007.

The State of Connecticut filed a proof of claim in Tribune
Television's bankruptcy case on June 9, 2009, which was assigned
claim number 4148.  The Proof of Claim asserted $4,551,250 for the
2002 Claim and $21,775,979 for the 2007 Claim.

The Debtors have disputed the amount of the corporation tax
liability asserted in the Connecticut Tax Claims.

In an attempt to resolve the Connecticut Tax Claims consensually,
the Debtors participated in an informal conference with the
Department of Revenue Services Appellate Bureau in Hartford,
Connecticut on August 11, 2009.  Following the negotiations, the
Debtors and the State of Connecticut reached an agreement in
January 2010 regarding the amount of the corporation taxes the
Debtors owe Connecticut.

A full-text copy of the Settlement Agreement is available for free
at http://bankrupt.com/misc/Tribune_ConnecticutAgmt.pdf

                        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)


TROPICANA ENT: Adamar's Admin. Claims Bar Date Set for Apr. 22
--------------------------------------------------------------
The United States Bankruptcy Court for the District of New Jersey
has fixed April 22, 2010, as the last date by which all entities,
including individuals, partnerships, corporations, estates,
trusts and governmental units holding Administrative Expense
Claims against Debtors Adamar of New Jersey Inc. and Manchester
Mall, Inc. must file their proof or proofs of claims against the
New Jersey Debtors.

An Administrative Expense Claim is to be filed by all persons or
entities holding an Administrative Expense Claim constituting a
cost or expense of administration of the New Jersey Debtors'
Chapter 11 cases, actual and necessary costs and expenses of
operating the NJ Debtors' business, or any indebtedness or
obligations incurred or assumed by the NJ Debtors in connection
with the conduct of their business that is or may be allowed or
allowable under Sections 503(b) and 507(a)(2) of the Bankruptcy
Code.

The Bar Date does not include (i) those that have filed Section
503(b)(9) Administrative Expense Claims against the NJ Debtors'
estates, (ii) those that already have an Administrative Expense
Claim that has been allowed by a Court order, and (iii)
professionals retained by the NJ Debtors under Sections 327, 330
and 331 of the Bankruptcy Code.

All requests for the allowance of payment of an Administrative
Expense Claim should be submitted by completing the Proof of
Administrative Expense Claim Form, which is substantially similar
to Form 10.

All parties to executory contracts or unexpired leases not
previously rejected by or barred by the Court Order will file an
Administrative Expense Claim identifying the amount necessary to
cure any past due indebtedness under that executory contract or
unexpired lease as of the Filing Date.

Should any claimant fail to file a timely request for allowance
of an administrative expense claim, its claim will not be allowed
by the Court nor paid by the NJ Debtors.

                   About Tropicana Entertainment

Tropicana Entertainment LLC and its units owned eleven casino
properties in eight distinct gaming markets with premier
properties in Las Vegas, Nevada, and Atlantic City, New Jersey.

Tropicana Entertainment LLC and certain affiliates filed for
Chapter 11 protection on May 5, 2008 (Bankr. D. Del. Case No. 08-
10856).  Kirkland & Ellis LLP and Mark D. Collins, Esq., at
Richards Layton & Finger, represent the Debtors in their
restructuring efforts.  Their financial advisor is Lazard Ltd.
Their notice, claims, and balloting agent is Kurtzman Carson
Consultants LLC.  Epiq Bankruptcy Solutions LLC is the Debtors'
Web site administration agent.  AlixPartners LLP is the Debtors'
restructuring advisor.  Stroock & Stroock & Lavan LLP and Morris
Nichols Arsht & Tunnell LLP represent the Official Committee of
Unsecured Creditors in this case.  Capstone Advisory Group LLC is
financial advisor to the Creditors' Committee.

The OpCo Debtors, a group of Tropicana entities owning casinos and
resorts in Atlantic City, New Jersey and Evansville, Indiana
obtained confirmation from the Bankruptcy Court of a
reorganization plan.  On April 29, 2009, non-debtor units of the
OpCo Debtors, designated as the New Jersey Debtors -- Adamar of
New Jersey, Inc., and its affiliate, Manchester Mall, Inc. --
filed for Chapter 11 (Bankr. D. N.J. Lead Case No. 09- 20711) to
effectuate a sale of the Atlantic City Resort and Casino to a
group of Investors-led by Carl Icahn.   Judge Judith H. Wizmur
presides over the cases.  Manchester Mall is a wholly owned
subsidiary of Adamar that owns and operates certain real property
utilized in the New Jersey Debtors' business operations.
Effective March 8, Tropicana Entertainment successfully emerged
from the Chapter 11 reorganization process as an Carl Icahn-owned
entity.

A group of Tropicana entities, known as the LandCo Debtors, which
own Tropicana casino property in Las Vegas, have obtained approval
of a separate Chapter 11 plan.

Ilana Volkov, Esq., and Michael D. Sirota, Esq., at Cole, Schotz,
Meisel, Forman & Leonard, in Hackensack, New Jersey, represented
the New Jersey Debtors.  Kurtzman Carson Consultants LLC acts as
their claims and notice agent.  Adamar disclosed $500 million to
$1 billion both in total assets and debts in its petition.
Manchester Mall disclosed $1 million to $10 million in total
assets, and less than $50,000 in total debts in its petition.

Bankruptcy Creditors' Service, Inc., publishes Tropicana
Bankruptcy News.  The newsletter tracks the chapter 11
restructuring proceedings commenced by Tropicana Entertainment LLC
and its affiliates.  (http://bankrupt.com/newsstand/or
215/945-7000)


TROPICANA ENT: Auditor Delivers Final Report on Fee Applications
----------------------------------------------------------------
Warren H. Smith & Associates, P.C., the Court-appointed fee
auditor in the Debtors' cases, delivered to the Court his final
report on the fee applications of more bankruptcy professionals
retained in the Debtors' cases.  Pursuant to the findings in its
report, the Fee Auditor recommends the approval of these fees and
expenses:

                        Requested           Recommended
                  --------------------- ---------------------
Professional           Fees     Expenses     Fees    Expenses
------------       -----------  -------- ----------- ---------
Kirkland & Ellis    $3,832,019  $165,815  $3,829,305  $154,815
Debtors' counsel
Period:
02/01/09-04/30/09

Kirkland & Ellis     1,192,490    59,034   1,192,490    54,725
Debtors' counsel
Period:
05/01/09-06/30/09

Kirkland & Ellis    15,936,163   876,915  15,931,690   852,465
Debtors' counsel
Period:
05/05/08-06/30/09

Lazard Freres & Co.    450,000   106,767     450,000   104,796
Debtors' Financial
Advisor
Period:
11/01/08-01/31/09

Lazard Freres & Co.    450,000    19,399     450,000    18,962
Debtors' Financial
Advisor
Period:
02/01/09-04/30/09

Lazard Freres & Co.          -   109,324           -   105,184
Debtors' Financial
Advisor
Period:
05/01/09-06/30/09

Lazard Freres & Co. 13,330,645   286,369   1,780,645   279,812
Debtors' Financial
Advisor
Period:
05/05/08-06/30/09

The Fee Auditor noted that Lazard's final fee request of
$13,330,645 consists of $1,780,645 in monthly fees and a
Completion Fee of $11,550,000.  Pursuant to the terms of Lazard's
Engagement Letter and Retention Order, the Completion Fee is
payable upon the effective date of the plan, and is equal to 1%
of the aggregate face value of the existing institutional
obligations involved in any restructuring.  The recommended final
approval of Lazard's fees excludes the Completion Fee.

                   About Tropicana Entertainment

Tropicana Entertainment LLC and its units owned eleven casino
properties in eight distinct gaming markets with premier
properties in Las Vegas, Nevada, and Atlantic City, New Jersey.

Tropicana Entertainment LLC and certain affiliates filed for
Chapter 11 protection on May 5, 2008 (Bankr. D. Del. Case No. 08-
10856).  Kirkland & Ellis LLP and Mark D. Collins, Esq., at
Richards Layton & Finger, represent the Debtors in their
restructuring efforts.  Their financial advisor is Lazard Ltd.
Their notice, claims, and balloting agent is Kurtzman Carson
Consultants LLC.  Epiq Bankruptcy Solutions LLC is the Debtors'
Web site administration agent.  AlixPartners LLP is the Debtors'
restructuring advisor.  Stroock & Stroock & Lavan LLP and Morris
Nichols Arsht & Tunnell LLP represent the Official Committee of
Unsecured Creditors in this case.  Capstone Advisory Group LLC is
financial advisor to the Creditors' Committee.

The OpCo Debtors, a group of Tropicana entities owning casinos and
resorts in Atlantic City, New Jersey and Evansville, Indiana
obtained confirmation from the Bankruptcy Court of a
reorganization plan.  On April 29, 2009, non-debtor units of the
OpCo Debtors, designated as the New Jersey Debtors -- Adamar of
New Jersey, Inc., and its affiliate, Manchester Mall, Inc. --
filed for Chapter 11 (Bankr. D. N.J. Lead Case No. 09- 20711) to
effectuate a sale of the Atlantic City Resort and Casino to a
group of Investors-led by Carl Icahn.   Judge Judith H. Wizmur
presides over the cases.  Manchester Mall is a wholly owned
subsidiary of Adamar that owns and operates certain real property
utilized in the New Jersey Debtors' business operations.
Effective March 8, Tropicana Entertainment successfully emerged
from the Chapter 11 reorganization process as an Carl Icahn-owned
entity.

A group of Tropicana entities, known as the LandCo Debtors, which
own Tropicana casino property in Las Vegas, have obtained approval
of a separate Chapter 11 plan.

Ilana Volkov, Esq., and Michael D. Sirota, Esq., at Cole, Schotz,
Meisel, Forman & Leonard, in Hackensack, New Jersey, represented
the New Jersey Debtors.  Kurtzman Carson Consultants LLC acts as
their claims and notice agent.  Adamar disclosed $500 million to
$1 billion both in total assets and debts in its petition.
Manchester Mall disclosed $1 million to $10 million in total
assets, and less than $50,000 in total debts in its petition.

Bankruptcy Creditors' Service, Inc., publishes Tropicana
Bankruptcy News.  The newsletter tracks the chapter 11
restructuring proceedings commenced by Tropicana Entertainment LLC
and its affiliates.  (http://bankrupt.com/newsstand/or
215/945-7000)


TROPICANA ENT: Tropicana LV Names J. Peru as VP of Sales
--------------------------------------------------------
Tropicana Las Vegas Inc. President Thomas McCartney announced the
appointment of Joni M. Peru as Vice President of Sales for
Tropicana Las Vegas.  Ms. Peru is responsible for convention sales
and services, catering and audio visual for Tropicana Las Vegas.

"We are pleased to add Joni's passion for the business and
extensive sales experience to our team of executive talent,"
commented Mr. McCartney.  "Joni brings fifteen years of
hospitality industry leadership to the Tropicana and will play an
important role in attracting and maintaining long-term client
relationships."

"As a 34-year resident of the Las Vegas area, I have seen the city
transform," said Ms. Peru.  "The Tropicana is a true legend and
promises to become one of the most vibrant and lively hotels on
The Strip once again.  I'm extremely excited to be a part of this
transformation as we usher in a new era at the Tropicana Las
Vegas."

Prior to this position, Ms. Peru was the Director of Sales and
National Sales Manager for The Mirage Casino Hotel where she
worked for a total of six years.  She also held the positions of
Assistant Director of Sales, Sales Manager and Senior Convention
Services Manager at New York-New York.

Ms. Peru is currently a member of MPI - Meeting Professionals
International and SITE - Society of Incentive Travel Executives,
and was the recipient of the MPl - New York Chapter MVP (Most
Valuable Professional) in 2003.

                   About Tropicana Las Vegas

In the heart of the famed Las Vegas Strip, the Tropicana is a true
Las Vegas landmark.  The resort is currently undergoing a
major transformation that is scheduled for completion in the fall
of 2010, and includes the redesign of every hotel room and suite,
the casino, the convention center and exhibit hall, the world
famous pool area, several new restaurants, bars, a new poker
room, and a new race and sports book.  For additional information
on events, amenities, or availability call 702-739-2222 or visit
http://www.troplv.com Stay up-to-date on the latest Tropicana
Las Vegas happenings by becoming a fan on Facebook
(http://facebook.com/tropicanalv)or following along on Twitter
(http://twitter.com/troplv).

                   About Tropicana Entertainment

Tropicana Entertainment LLC and its units owned eleven casino
properties in eight distinct gaming markets with premier
properties in Las Vegas, Nevada, and Atlantic City, New Jersey.

Tropicana Entertainment LLC and certain affiliates filed for
Chapter 11 protection on May 5, 2008 (Bankr. D. Del. Case No. 08-
10856).  Kirkland & Ellis LLP and Mark D. Collins, Esq., at
Richards Layton & Finger, represent the Debtors in their
restructuring efforts.  Their financial advisor is Lazard Ltd.
Their notice, claims, and balloting agent is Kurtzman Carson
Consultants LLC.  Epiq Bankruptcy Solutions LLC is the Debtors'
Web site administration agent.  AlixPartners LLP is the Debtors'
restructuring advisor.  Stroock & Stroock & Lavan LLP and Morris
Nichols Arsht & Tunnell LLP represent the Official Committee of
Unsecured Creditors in this case.  Capstone Advisory Group LLC is
financial advisor to the Creditors' Committee.

The OpCo Debtors, a group of Tropicana entities owning casinos and
resorts in Atlantic City, New Jersey and Evansville, Indiana
obtained confirmation from the Bankruptcy Court of a
reorganization plan.  On April 29, 2009, non-debtor units of the
OpCo Debtors, designated as the New Jersey Debtors -- Adamar of
New Jersey, Inc., and its affiliate, Manchester Mall, Inc. --
filed for Chapter 11 (Bankr. D. N.J. Lead Case No. 09- 20711) to
effectuate a sale of the Atlantic City Resort and Casino to a
group of Investors-led by Carl Icahn.   Judge Judith H. Wizmur
presides over the cases.  Manchester Mall is a wholly owned
subsidiary of Adamar that owns and operates certain real property
utilized in the New Jersey Debtors' business operations.
Effective March 8, Tropicana Entertainment successfully emerged
from the Chapter 11 reorganization process as an Carl Icahn-owned
entity.

A group of Tropicana entities, known as the LandCo Debtors, which
own Tropicana casino property in Las Vegas, have obtained approval
of a separate Chapter 11 plan.

Ilana Volkov, Esq., and Michael D. Sirota, Esq., at Cole, Schotz,
Meisel, Forman & Leonard, in Hackensack, New Jersey, represented
the New Jersey Debtors.  Kurtzman Carson Consultants LLC acts as
their claims and notice agent.  Adamar disclosed $500 million to
$1 billion both in total assets and debts in its petition.
Manchester Mall disclosed $1 million to $10 million in total
assets, and less than $50,000 in total debts in its petition.

Bankruptcy Creditors' Service, Inc., publishes Tropicana
Bankruptcy News.  The newsletter tracks the chapter 11
restructuring proceedings commenced by Tropicana Entertainment LLC
and its affiliates.  (http://bankrupt.com/newsstand/or
215/945-7000)


UAL CORP: Said to Be in Merger Talks with US Air
------------------------------------------------
UAL Corp. and US Airways Group Inc. are holding talks on a merger
that would create the second-largest U.S. carrier, Mary Jane
Credeur and Serena Saitto at Bloomberg News reported, citing two
people familiar with the matter.

Bloomberg said that according to the unidentified people,
discussions have been under way since about mid-February.  The
tie-up would help United steer travelers to its international
flights from US Airways' domestic routes.

The merged airline would trail only Delta Air Lines Inc. in
traffic and would pressure second-place American Airlines because
wider route networks help airlines to funnel in more passengers.

The Wall Street Journal's Dennis Berman and Susan Carey and Doug
Cameron at Dow Jones Newswires also report that people familiar
with the matter said Wednesday UAL Corp.'s United Airlines and US
Airways have resumed discussions of a potential merger that would
create the nation's second-largest air carrier behind Delta Air
Lines Inc., which merged with rival Northwest in 2008.

According to the report, people familiar with the matter said the
talks have recently heated up after months of off-and-on
conversation.  According to the report, one person said the talks
"aren't that far along," and could falter again as they have in
the past.

The report recalls the airlines aborted a merger deal in 2001
after unions protested and antitrust enforcers threatened to file
a lawsuit seeking to block a deal.  A renewed effort two years ago
ended after months of talks, the report adds.

According to the report, the sources said much remains undecided,
including which CEO would run the combined company.  The report
relates that one person familiar with the talks said the companies
have not seriously discussed how a deal would be structured,
though it would probably involve a stock swap because neither
airline wants to deplete its cash reserves.

UAL is the U.S.'s third largest airline by traffic, and US Airways
is the sixth.  According to the report, a combined carrier would
consolidate United's strength on international routes across the
Pacific and domestic focus in the Midwest with U.S. Airways' large
presences on the East coast and in the western U.S.

According to Bloomberg, the talks revive a merger effort that
collapsed in 2008, less than two months after Delta agreed to
acquire Northwest Airlines Corp.  United said at the time it would
pursue an alliance with Continental Airlines Inc.

In 2001, U.S. regulators scuttled United's plan for a
$12.3 billion acquisition of US Airways by announcing they would
sue to block the combination.

                       About UAL Corporation

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.  Judge Eugene R. Wedoff
confirmed a reorganization plan for United on Jan. 20, 2006.  The
Company emerged from bankruptcy on Feb. 1, 2006.

Reorganized 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.

                         About US Airways

US Airways -- http://www.usairways.com/-- along with US Airways
Shuttle and US Airways Express, operates more than 3,000 flights
per day and serves more than 190 communities in the U.S., Canada,
Mexico, Europe, the Middle East, the Caribbean, Central and South
America.

Under a Chapter 11 plan declared effective on March 31, 2003,
USAir emerged from bankruptcy with the Retirement Systems of
Alabama taking a 40% equity stake in the deleveraged carrier in
exchange for $240 million infusion of new capital.

US Airways and its subsidiaries filed another Chapter 11 petition
on September 12, 2004 (Bankr. E.D. Va. Case No. 04-13820).  Brian
P. Leitch, Esq., Daniel M. Lewis, Esq., and Michael J. Canning,
Esq., at Arnold & Porter LLP, and Lawrence E. Rifken, Esq., and
Douglas M. Foley, Esq., at McGuireWoods LLP, represented the
Debtors in their restructuring efforts.  The USAir II bankruptcy
plan became effective on September 27, 2005.  The Debtors
completed their merger with America West on the same date. (US
Airways Bankruptcy News; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).

                          *     *     *

As of December 31, 2009, US Airways had total assets of
$7,454,000,000, including $2,331,000,000 in total current assets,
against total current liabilities of $2,789,000,000 and total
noncurrent liabilities and deferred credits of $5,020,000,000,
resulting in $355,000,000 stockholders' deficit.

US Airways Group carries Moody's "Caa1" Long-Term rating, LT Corp.
family rating and probability of default rating.  Outlook is
negative.

US Airways Group carries Standard & Poor's "B-" LT Foreign Issuer
Credit rating and LT Local Issuer credit rating.  Outlook is also
negative.

US Airways Group carries Fitch's "CCC" LT Issuer default rating
and "C" Senior unsecured debt rating.  Outlook is also negative.


US AIRWAYS: Said to Be in Merger Talks with United Air
------------------------------------------------------
UAL Corp. and US Airways Group Inc. are holding talks on a merger
that would create the second-largest U.S. carrier, Mary Jane
Credeur and Serena Saitto at Bloomberg News reported, citing two
people familiar with the matter.

Bloomberg said that according to the unidentified people,
discussions have been under way since about mid-February.  The
tie-up would help United steer travelers to its international
flights from US Airways' domestic routes.

The merged airline would trail only Delta Air Lines Inc. in
traffic and would pressure second-place American Airlines because
wider route networks help airlines to funnel in more passengers.

The Wall Street Journal's Dennis Berman and Susan Carey and Doug
Cameron at Dow Jones Newswires also report that people familiar
with the matter said Wednesday UAL Corp.'s United Airlines and US
Airways have resumed discussions of a potential merger that would
create the nation's second-largest air carrier behind Delta Air
Lines Inc., which merged with rival Northwest in 2008.

According to the report, people familiar with the matter said the
talks have recently heated up after months of off-and-on
conversation.  According to the report, one person said the talks
"aren't that far along," and could falter again as they have in
the past.

The report recalls the airlines aborted a merger deal in 2001
after unions protested and antitrust enforcers threatened to file
a lawsuit seeking to block a deal.  A renewed effort two years ago
ended after months of talks, the report adds.

According to the report, the sources said much remains undecided,
including which CEO would run the combined company.  The report
relates that one person familiar with the talks said the companies
have not seriously discussed how a deal would be structured,
though it would probably involve a stock swap because neither
airline wants to deplete its cash reserves.

UAL is the U.S.'s third largest airline by traffic, and US Airways
is the sixth.  According to the report, a combined carrier would
consolidate United's strength on international routes across the
Pacific and domestic focus in the Midwest with U.S. Airways' large
presences on the East coast and in the western U.S.

According to Bloomberg, the talks revive a merger effort that
collapsed in 2008, less than two months after Delta agreed to
acquire Northwest Airlines Corp.  United said at the time it would
pursue an alliance with Continental Airlines Inc.

In 2001, U.S. regulators scuttled United's plan for a
$12.3 billion acquisition of US Airways by announcing they would
sue to block the combination.

                       About UAL Corporation

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.  Judge Eugene R. Wedoff
confirmed a reorganization plan for United on Jan. 20, 2006.  The
Company emerged from bankruptcy on Feb. 1, 2006.

Reorganized 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.

                         About US Airways

US Airways -- http://www.usairways.com/-- along with US Airways
Shuttle and US Airways Express, operates more than 3,000 flights
per day and serves more than 190 communities in the U.S., Canada,
Mexico, Europe, the Middle East, the Caribbean, Central and South
America.

Under a Chapter 11 plan declared effective on March 31, 2003,
USAir emerged from bankruptcy with the Retirement Systems of
Alabama taking a 40% equity stake in the deleveraged carrier in
exchange for $240 million infusion of new capital.

US Airways and its subsidiaries filed another Chapter 11 petition
on September 12, 2004 (Bankr. E.D. Va. Case No. 04-13820).  Brian
P. Leitch, Esq., Daniel M. Lewis, Esq., and Michael J. Canning,
Esq., at Arnold & Porter LLP, and Lawrence E. Rifken, Esq., and
Douglas M. Foley, Esq., at McGuireWoods LLP, represented the
Debtors in their restructuring efforts.  The USAir II bankruptcy
plan became effective on September 27, 2005.  The Debtors
completed their merger with America West on the same date. (US
Airways Bankruptcy News; Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).

                          *     *     *

As of December 31, 2009, US Airways had total assets of
$7,454,000,000, including $2,331,000,000 in total current assets,
against total current liabilities of $2,789,000,000 and total
noncurrent liabilities and deferred credits of $5,020,000,000,
resulting in $355,000,000 stockholders' deficit.

US Airways Group carries Moody's "Caa1" Long-Term rating, LT Corp.
family rating and probability of default rating.  Outlook is
negative.

US Airways Group carries Standard & Poor's "B-" LT Foreign Issuer
Credit rating and LT Local Issuer credit rating.  Outlook is also
negative.

US Airways Group carries Fitch's "CCC" LT Issuer default rating
and "C" Senior unsecured debt rating.  Outlook is also negative.


VALUE CITY: Files Amended Plan of Liquidation
---------------------------------------------
Value City Holdings Inc. and its debtor-affiliates filed with the
U.S. Bankruptcy Court for the Southern District of New York a
disclosure statement explaining their amended Plan of Liquidation
as of March 18, 2010.

The Debtors will begin soliciting votes on the Plan following
approval of the adequacy of the information in the Disclosure
Statement.

According to the Disclosure Statement, the Plan provides for
substantive consolidation of the operating Debtors' estates, but
solely for purposes of voting, confirmation, and making
distributions to the holders of allowed claims and allowed
interests under the Plan.

The Debtors will continue to exist as Liquidating Companies on and
after the effective date.  All property of the Debtors will vest
in the Liquidating Companies, free and clear of all claims,
interests, liens, charges or other encumbrances.

Tiger Capital Group, LLC, a liquidator and financial consultant,
will perform store closings, liquidation and other promotional
type sales at the majority of stores covered by the Burlington
Transaction.

On the effective date, the Plan Administrator will be appointed
and will succeed to the powers as would have been applicable to
the Liquidating Companies' officers, directors and shareholders,
including the power to pursue causes of action and avoidance
actions, and to dissolved the Liquidating Companies.

A full-text copy of the Disclosure Statement is available for free
at http://bankrupt.com/misc/ValueCity_AmendedDS.pdf

A full-text copy of the amended Plan of Liquidation is available
for free at http://bankrupt.com/misc/ValueCity_AmendedPlan.pdf

The Debtors are represented by:

      Willkie Farr & Gallagher LLP
      787 Seventh Avenue
      New York, NY 10019
      Tel: (212) 728-8000

                        Treatment of Claims

Class 2 Secured Claims - each holder of an allowed secured claim
will retain the liens securing its allowed secured claim as of the
effective date until full and final satisfaction of allowed
secured claim is made as provided in the Plan.  The Plan did not
provide for the estimated percentage recovery by holders of
secured claims.

Class 3 Insurance Claims will be paid in full.

Each holder of Class 4 allowed general unsecured claim will
receive, on account of the allowed claim, on the initial
distribution date and each subsequent distribution date, cash in
the amount of the holder's pro rata share of the distributable
cash in the claims distribution fund.  The total amount of
unsecured claim amounted to $133 million.

Each holder of Class 5 equity interest in VCHI Acquisition or

Value City will receive no distribution on account of equity
interest.

On the effective date, all other interests will be cancelled.

                 About Value City Holdings Inc.

Headquartered in Columbus, Ohio, Value City Holdings Inc. --
http://www.valuecity.com/-- operates a chain of department stores
in the United States.  The company and eight of its affiliates
filed for Chapter 11 protection on Oct. 26, 2008 (Bankr. S.D.N.Y.
Lead Case No. 08-14197).  John Longmire, Esq., and Lauren C.
Cohen, Esq., at Willkie Farr & Gallagher LLP, represent the
Debtors' in their restructuring efforts.  Epiq Bankruptcy
Solutions LLC is the claims, noticing and balloting agent for the
Debtors.  Glenn R. Rice, Esq., at Otterbourg Steindler Houston &
Rosen, PC, represents the official committee of unsecured
creditors as counsel.  When the Debtors filed for protection from
their creditors, they listed assets and debts between $100 million
and $500 million each.

In November 2008, Judge James M. Peck of the U.S. Bankruptcy Court
for the Southern District of New York granted Value City Holdings
permission to conduct going-out-of-business sales to be managed by
liquidator and financial consultant Tiger Capital Group LLC.


WENSONS PROPERTY: Case Summary & 4 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Wensons Property Management
          dba Wenson's Property Management Inc.
        3478 BUSKIRK AVENUE, SUITE 1028
        Pleasant Hill, CA 94523

Bankruptcy Case No.: 10-03644

Chapter 11 Petition Date: April 2, 2010

Court: U.S. Bankruptcy Court
       Middle District of Tennessee (Nashville)

Debtor's Counsel: Thomas Larry Edmondson, Sr, Esq.
                  T. Larry Edmondson Attorney at Law
                  800 Broadway 3D FL
                  Nashville, TN 37203
                  Tel: 615 254-3765
                  Fax: 615 254-2072
                  E-mail: ledmondson@ECF.EPIQSystems.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 says that assets total
$4,901,700.00 while debts total $3,161,984.43.

A copy of the Company's list of 4 largest unsecured creditors
filed together with the petition is available for free at
http://bankrupt.com/misc/tnmb10-03644.pdf

The petition was signed by Eduard Wenas.


WARREN DRONEBARGER: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Joint Debtors: Warren Dronebarger
               Doralee Carol Dronebarger
               350 CR 497
               Taylor, TX 76574

Bankruptcy Case No.: 10-10889

Chapter 11 Petition Date: April 2, 2010

Court: U.S. Bankruptcy Court
       Western District of Texas (Austin)

Judge: Craig A. Gargotta

Debtor's Counsel: John Edward Athey, Esq.
                  P.O.Box 202404
                  Austin, TX 78720-2404
                  Tel: 512-345-8902
                  Fax: 512-692-3927
                  E-mail: john@atheylaw.com

Estimated Assets: $0 to $50,000

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

The Joint Debtors did not file a list of creditors together with
its petition.

The petition was signed by the Joint Debtors.


WEST SHORE: Files List of Five Largest Unsecured Creditors
----------------------------------------------------------
West Shore Resort Properties III, LLC, has filed with the U.S.
Bankruptcy Court for the District of Nevada a list of its seven
largest unsecured creditors.

A full-text copy of the Debtor's list of creditors is available
for free at http://bankrupt.com/misc/nvb10-51101.pdf

Reno, Nevada-based West Shore Resort Properties III, LLC, filed
for Chapter 11 bankruptcy protection on March 30, 2010 (Bankr. D.
Nev. Case No. 10-51101).  Sallie B. Armstrong, Esq., who has an
office in Reno, Nevada, assists the Company in its restructuring
effort.  In its petition, the Company estimated its assets and
debts at $10,000,000 to $50,000,000.


WEST SHORE: Sec. 341(a) Meeting Scheduled for May 3
---------------------------------------------------
The U.S. Trustee for Region 17 will convene a meeting of creditors
in West Shore Resort Properties III, LLC's Chapter 11 case on
May 3, 2010, at 3:00 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 West Shore Resort Properties III, LLC, filed
for Chapter 11 bankruptcy protection on March 30, 2010 (Bankr. D.
Nev. Case No. 10-51101).  Sallie B. Armstrong, Esq., who has an
office in Reno, Nevada, assists the Company in its restructuring
effort.  In its petition, the Company estimated its assets and
debts at $10,000,000 to $50,000,000.


WISE METALS: December 31 Balance Sheet Upside-Down by $380.4MM
--------------------------------------------------------------
Wise Metals Group LLC filed on March 31, 2010, its annual report
on Form 10-K for the year ended December 31, 2009.

The Company's balance sheet as of December 31, 2009, showed
$552.6 million in assets, $840.7 million of debts, and
$92.3 million of redeemable preferred membership interest, for a
members' deficit of $380.4 million.

The Company reported a net loss of $110.3 million on
$618.0 million of revenue for 2009, compared with a net loss of
compared of $72.3 million on $1.137 billion of revenue for 2008.
Net loss for 2009 includes a $1.3 million unfavorable impact for
derivative contracts and a $3.6 million favorable impact for metal
costs accounted for on LIFO.  Net loss for 2008 includes a $78,000
unfavorable impact for derivative contracts and a $25.9 million
favorable impact for metal costs accounted for on LIFO.

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

             http://researcharchives.com/t/s?5e84

Based in Baltimore, Md., Wise Metals Group LLC includes Wise
Alloys, the world's third-leading producer of aluminum can stock
for the beverage and food industries; Wise Recycling, one of the
largest, direct-from-the-public collectors of aluminum beverage
containers in the United States; Listerhill Total Maintenance
Center, specializing in providing maintenance, repairs and
fabrication to manufacturing and industrial plants worldwide;
Alabama Electric Motor Service specializing in electric motor and
pump service, repair and replacement; and Alabama Spares And Parts
providing on-site spare part inventory management and procurement
services.


* Chapter 11 Cases with Assets & Liabilities Below $1,000,000
-------------------------------------------------------------
Recent Chapter 11 cases filed with assets and liabilities below
$1,000,000:

In Re Juanito Tuazon Estanislao
      Alegria Galeon Estanislao
   Bankr. C.D. Calif Case No. 10-13292
      Chapter 11 Petition Filed March 23, 2010
         See http://bankrupt.com/misc/cacb10-13292.pdf

In Re Lavanson Cernon Coffey
   Bankr. N.D. Calif. Case No. 10-43176
      Chapter 11 Petition Filed March 23, 2010
         Filed As Pro Se

In Re Whitaker & Sons Investments, LLC
   Bankr. Colo. Case No. 10-16163
      Chapter 11 Petition Filed March 23, 2010
         See http://bankrupt.com/misc/cob10-16163.pdf

In Re True Traditions, Inc.
   Bankr. S.D. Fla. Case No. 10-17316
      Chapter 11 Petition Filed March 23, 2010
         Filed As Pro Se

In Re Aliam Real Estate LLC
   Bankr. Mass. Case No. 10-41331
      Chapter 11 Petition Filed March 23, 2010
         See http://bankrupt.com/misc/mab10-41331.pdf

In Re Gaglio PR Cement Corporation
   Bankr. E.D. Mich. Case No. 10-49416
      Chapter 11 Petition Filed March 23, 2010
         See http://bankrupt.com/misc/mieb10-49416.pdf

In Re Go Global, Inc.
        dba Go Global Properties
        dba Go Global Commercial Real Estate
   Bankr. Nev. Case No. 10-14804
      Chapter 11 Petition Filed March 23, 2010
         See http://bankrupt.com/misc/nvb10-14804.pdf

In Re Sofia Homes, L.L.C.
   Bankr. N.J. Case No. 10-18530
      Chapter 11 Petition Filed March 23, 2010
         See http://bankrupt.com/misc/njb10-18530.pdf

In Re Edmundo Jimenez
        dba In Business For Team Development
      Wanda Soler
   Bankr. Puerto Rico Case No. 10-02205
      Chapter 11 Petition Filed March 23, 2010
         See http://bankrupt.com/misc/prb10-02205.pdf

In Re In Business For Team Development, Inc.
   Bankr. Puerto Rico Case No. 10-02207
      Chapter 11 Petition Filed March 23, 2010
         See http://bankrupt.com/misc/prb10-02207.pdf

In Re Valley Country Club On Ledgemont, LLC
   Bankr. R.I. Case No. 10-11155
      Chapter 11 Petition Filed March 23, 2010
         See http://bankrupt.com/misc/rib10-11155.pdf

In Re Sixty, Inc.
   Bankr. R.I. Case No. 10-11156
      Chapter 11 Petition Filed March 23, 2010
         See http://bankrupt.com/misc/rib10-11156.pdf

In Re El Dorado villas at Kingsley, LLC
        aka El Dorado Apartments
        fdba Orchard Square Apartments
   Bankr. N.D. Texas Case No. 10-31944
      Chapter 11 Petition Filed March 23, 2010
         See http://bankrupt.com/misc/txnb10-31944.pdf

In Re Ruiz Trucking, Inc.
   Bankr. N.D. Texas Case No. 10-31958
      Chapter 11 Petition Filed March 23, 2010
         See http://bankrupt.com/misc/txnb10-31958p.pdf
         See http://bankrupt.com/misc/txnb10-31958c.pdf

In Re 4506 Sherwood Lane, LLC
   Bankr. S.D. Texas Case No. 10-32308
      Chapter 11 Petition Filed March 23, 2010
         See http://bankrupt.com/misc/txsb10-32308.pdf

In Re Patricia, LLC
   Bankr. E.D. Va. Case No. 10-12157
      Chapter 11 Petition Filed March 23, 2010
         See http://bankrupt.com/misc/vaeb10-12157.pdf

   In Re Hoop Magic, LLC
      Bankr. E.D. Va. Case No. 10-12159
         Chapter 11 Petition Filed March 23, 2010
            See http://bankrupt.com/misc/vaeb10-12159.pdf

In Re Resurrection Christian Academy
   Bankr. E.D. Wis. Case No. 10-24151
      Chapter 11 Petition Filed March 23, 2010
         Filed As Pro Se

In Re San Antonio City Tours, Ltd.
   Bankr. W.D. Texas Case No. 10-51066
      Chapter 11 Petition Filed March 23, 2010
         See http://bankrupt.com/misc/txwb10-51066.pdf

In Re Bradford J. Staph DDS
      a Professional Corporation
   Bankr. C.D. Calif. Case No. 10-13685
      Chapter 11 Petition Filed March 24, 2010
         See http://bankrupt.com/misc/cacb10-13685.pdf

In Re Ni Ni Ichi Corporation
   Bankr. N.D. Calif. Case No. 10-43262
      Chapter 11 Petition Filed March 24, 2010
         See http://bankrupt.com/misc/canb10-43262.pdf

In Re Jay Louis Depew
      Barbara Carol Depew
   Bankr. Colo. Case No. 10-16341
      Chapter 11 Petition Filed March 24, 2010
         Filed As Pro Se

In Re Infolink Group, Inc.
        fka Infolink.com, Inc.
   Bankr. Del. Case No. 10-10981
      Chapter 11 Petition Filed March 24, 2010
         See http://bankrupt.com/misc/deb10-10981p.pdf
         See http://bankrupt.com/misc/deb10-10981c.pdf

In Re Infolink Information Services, Inc..
   Bankr. Del. Case No. 10-10982
      Chapter 11 Petition Filed March 24, 2010
        See http://bankrupt.com/misc/deb10-10982p.pdf
        See http://bankrupt.com/misc/deb10-10982c.pdf

In Re SeedAmerica Foundation
        fka Business Reform Foundation
   Bankr. M.D. Fla. Case No. 10-06571
      Chapter 11 Petition Filed March 24, 2010
         See http://bankrupt.com/misc/flmb10-06571.pdf

In Re Classico Marble & Granite, Inc.
   Bankr. N.D. Ill. Case No. 10-12848
      Chapter 11 Petition Filed March 24, 2010
         See http://bankrupt.com/misc/ilnb10-12848p.pdf
         See http://bankrupt.com/misc/ilnb10-12848c.pdf

In Re Miles Road, LLC, a Kentucky limited liability company
   Bankr. E.D. Ky. Case No. 10-50958
      Chapter 11 Petition Filed March 24, 2010
         See http://bankrupt.com/misc/kyeb10-50958.pdf

In Re Jonathan Talmadge Gibson
   Bankr. W.D. La. Case No. 10-50411
      Chapter 11 Petition Filed March 24, 2010
         See http://bankrupt.com/misc/lawb10-50411.pdf

In Re Elegant Aluminum Products, Inc.
   Bankr. E.D. Mich. Case No. 10-49527
      Chapter 11 Petition Filed March 24, 2010
         See http://bankrupt.com/misc/mieb10-49527p.pdf
         See http://bankrupt.com/misc/mieb10-49527c.pdf

In Re David Flores-Vazquez
      Raquel Flores
   Bankr. Nev. Case No. 10-14915
      Chapter 11 Petition Filed March 24, 2010
         See http://bankrupt.com/misc/nvb10-14915.pdf

In Re Oscar Casco
      Blanca A. Casco
   Bankr. Nev. Case No. 10-14908
      Chapter 11 Petition Filed March 24, 2010
         See http://bankrupt.com/misc/nvb10-14908.pdf

In Re Giorgio, LLC
   Bankr. Nev. Case No. 10-14939
      Chapter 11 Petition Filed March 24, 2010
         See http://bankrupt.com/misc/nvb10-14939.pdf

In Re The Maximilian Group Inc.
        dba Jackson Dairy Queen
   Bankr. N.D. Ohio Case No. 10-61149
      Chapter 11 Petition Filed March 24, 2010
         See http://bankrupt.com/misc/ohnb10-61149.pdf

In Re Michael A. Zakaria
        dba M&S Market
        dba Smokes & Brews #2
   Bankr. M.D. Tenn. Case No. 10-03146
      Chapter 11 Petition Filed March 24, 2010
         See http://bankrupt.com/misc/tnmb10-03146.pdf

In Re Tamo LLC
   Bankr. Ariz. Case No. 10-08582
      Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/azb10-08582.pdf

In Re The Chrome Bar LLC
        dba 1800S Saloon
   Bankr. Ariz. Case No. 10-08284
      Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/azb10-08284.pdf

In Re David J. Behrend
        aw Savvy Real Estate, Inc.
   Bankr. C.D. Calif. Case No. 10-21201
      Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/cacb10-21201.pdf
In Re Future Enterprise Trust
   Bankr. C.D. Calif. Case No. 10-13768
      Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/cacb10-13768.pdf

In Re Ramzy Nayef Fakhoury, Jr.
   Bankr. C.D. Calif. Case No. 10-21315
      Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/cacb10-21315.pdf

In Re VMA Motoring Inc.
   Bankr. C.D. Calif. Case No. 10-18618
      Chapter 11 Petition Filed March 25, 2010
         Filed As Pro Se

In Re Jennifer Scott Roshala
        aka Jennifer Ann Scott
        aka Jennifer Scott
        dba Del Mar Motors, Inc.
        dba Beauty Club of America
   Bankr. S.D. Calif. Case No. 10-04765
      Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/casb10-04765.pdf

In Re Cunningham's Funeral Home, P.A.
   Bankr. M.D. Fla. Case No. 10-02441
      Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/flmb10-02441.pdf

In Re Asi Acquisition Inc.
   Bankr. Hawaii Case No. 10-00835
      Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/hib10-00835.pdf

In Re William H. DeMarcus, III
        aka Bill H. DeMarcus, III
   Bankr. E.D. Ky. Case No. 10-20789
      Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/kyeb10-20789.pdf

In Re Ahmad Navid
   Bankr. Md. Case No. 10-16405
      Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/mdb10-16405.pdf

In Re MBC Technologies, Incorporated
   Bankr. Md. Case No. 10-16394
      Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/mdb10-16394.pdf

In Re Nationwide Real Estate and Development, LLC
   Bankr. Mass. Case No. 10-41403
      Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/mab10-41403.pdf

In Re Holmdel Floris Nails & Spa, Inc.
   Bankr. N.J. Case No. 10-18734
     Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/njb10-18734.pdf

In Re John A Rocco Co, Inc.
        fka John A Rocco Company
   Bankr. N.J. Case No. 10-18799
     Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/njb10-18799.pdf

In Re Lowell MHP LLC
   Bankr. W.D. N.C. Case No. 10-30802
     Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/ncwb10-30802.pdf

In Re Paola's Supermarket,Inc.
        aka Supermercado Bravo
   Bankr. Puerto Rico Case No. 10-02281
     Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/prb10-02281.pdf

In Re Greg McGowan
        dba Imogene Property Management
        dba Ross Management Corporation
   Bankr. W.D. Tenn. Case No. 10-23295
     Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/tnwb10-23295.pdf

In Re Asbury Ace Hardware, LLC
   Bankr. S.D. Texas Case No. 10-20251
     Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/txsb10-20251.pdf

In Re Anco Construction, Inc.
   Bankr. E.D. Wash. Case No. 10-01769
     Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/waeb10-01769.pdf

In Re 2358-2372 South Yakima Avenue LLC
   Bankr. W.D. Wash. Case No. 10-42298
     Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/wawb10-42298.pdf

In Re Steven J. Morrell
      Laura G. Green-Morrell
   Bankr. W.D. Wash. Case No. 10-13315
     Chapter 11 Petition Filed March 25, 2010
         See http://bankrupt.com/misc/wawb10-13315.pdf

In Re Douglas L. Fincher
   Bankr. N.D. Ala. Case No. 10-40889
      Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/alnb10-40889p.pdf
         See http://bankrupt.com/misc/alnb10-40889c.pdf

In Re Gill Nursery, Inc.
   Bankr. N.D. Ala. Case No. 10-81215
      Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/alnb10-81215.pdf

In Re Jon J. Simon
   Bankr. C.D. Calif. Case No. 10-13815
      Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/cacb10-13815.pdf

In Re Paul R. Martin
      Laura L. Martin
   Bankr. C.D. Calif. Case No. 10-18751
      Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/cacb10-18751.pdf

In Re Mona Lee Williams
   Bankr. Colo. Case No. 10-16688
      Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/cob10-16688.pdf

In Re Total Care Medical, Inc.
        dba Total Homecare Solutions
   Bankr. N.D. Fla. Case No. 10-40279
      Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/flnb10-40279.pdf

In Re Robert Milton Inman
   Bankr. S.D. Fla. Case No. 10-17707
      Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/flsb10-17707.pdf

In Re United Realty Group, Inc.
   Bankr. S.D. Fla. Case No. 10-17828
      Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/flsb10-17828p.pdf
         See http://bankrupt.com/misc/flsb10-17828c.pdf

In Re James L. Mason
      Mary E. Mason
   Bankr. S.D. Ga. Case No. 10-20416
      Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/gasb10-20416.pdf

In Re Anousis Corporation
        aka G&J Anousis Corp
        aka Iowa Landscape Supply, Inc
   Bankr. S.D. Iowa Case No. 10-01478
      Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/iasb10-01478.pdf

In Re L.P. Fleming, Jr. Trucking, Inc.
   Bankr. Md. Case No. 10-16608
      Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/mdb10-16608.pdf

In Re Maria's Restaurant, Inc.
   Bankr. Md. Case No. 10-16551
      Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/mdb10-16551.pdf

In Re Robert H. Pell
   Bankr. Md. Case No. 10-16496
      Chapter 11 Petition Filed March 26, 2010
         Filed As Pro Se

In Re Dockery Transportation, LLC
   Bankr. N.D. Miss. Case No. 10-11484
     Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/msnb10-11484.pdf

In Re J.B. Construction Company, Inc.
   Bankr. Neb. Case No. 10-80880
     Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/neb10-80880.pdf

In Re Frances Hitzeman
   Bankr. Nev. Case No. 10-15128
     Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/nvb10-15128.pdf

In Re Easy Pak Services, Inc. of N.J.
   Bankr. N.J. Case No. 10-18887
     Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/njb10-18887.pdf

In Re Optima Technology Partners, Inc.
   Bankr. N.J. Case No. 10-18926
     Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/njb10-18926.pdf

In Re 80-20 Realty Management, Inc.
   Bankr. E.D. N.Y. Case No. 10-42609
     Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/nyeb10-42609.pdf

In Re 1160 Third Avenue Food Service, Inc.
        dba Ollie's Noodle Shop & Grille
   Bankr. S.D. N.Y. Case No. 10-11569
     Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/nysb10-11569.pdf

   In Re Bu Yao Pa LLC
        dba Vine Sushi & Sake
      Bankr. S.D. N.Y. Case No. 10-11570
         Chapter 11 Petition Filed March 26, 2010
            See http://bankrupt.com/misc/nysb10-11570.pdf

In Re Rollo Advanced Design Corporation
   Bankr. S.D. N.Y. Case No. 10-35858
     Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/nysb10-35858.pdf

In Re Keith Bullard's Auto Liquidation Center, Inc.
   Bankr. W.D. Pa. Case No. 10-22088
     Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/pawb10-22088p.pdf
         See  http://bankrupt.com/misc/pawb10-22088c.pdf

In Re Park Avenue Partners, LLC
   Bankr. Utah Case No. 10-23693
      Chapter 11 Petition Filed March 26, 2010
         Filed As Pro Se

In Re Battle Oil Company, Inc.
   Bankr. E.D. Va. Case No. 10-32136
     Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/vaeb10-32136.pdf

In Re Glenn E. Wacker
      Deborah A. Wacker
   Bankr. E.D. Va. Case No. 10-71409
     Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/vaeb10-71409.pdf

In Re Brett Eric Jarrell
   Bankr. S.D. W.Va. Case No. 10-30259
     Chapter 11 Petition Filed March 26, 2010
         See http://bankrupt.com/misc/wvsb10-30259.pdf

In Re Unique Paving Systems, Inc.
   Bankr. N.D. Ga. Case No. 10-21386
      Chapter 11 Petition Filed March 27, 2010
         See http://bankrupt.com/misc/ganb10-21386.pdf

In Re Brush Cutting, L.L.C.
   Bankr. S.D. Ala. Case No. 10-01393
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/alsb10-01393.pdf

In Re Centerport Records & Productions Inc.
   Bankr. C.D. Calif. Case No. 10-13562
      Chapter 11 Petition Filed March 29, 2010
         Filed As Pro Se

In Re Loyalty Mortgage, Inc.
   Bankr. C.D. Calif. Case No. 10-13949
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/cacb10-13949.pdf

In Re Arnelio Bulatao Acosta
        aka Arnie B. Acosta
        aka Acosta Financial Services
   Bankr. N.D. Calif. Case No. 10-43480
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/canb10-43480.pdf

In Re Alan Barry & Associates, LLC
   Bankr. Conn. Case No. 10-50687
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/ctb10-50687.pdf

In Re David Roberson
  Bankr. M.D. Fla. Case No. 10-06960
      Chapter 11 Petition Filed March 29, 2010
         Filed As Pro Se

In Re Advanced Logistics Services, Inc.
   Bankr. N.D. Ga. Case No. 10-11181
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/ganb10-11181.pdf

In Re Bella Dia Wellness Center, Inc.
   Bankr. N.D. Ga. Case No. 10-68977
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/ganb10-68977.pdf

In Re First American Oil Company
   Bankr. W.D. La. Case No. 10-80434
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/lawb10-80434.pdf

In Re 8417 White Shore Drive, LLC
   Bankr. Nev. Case No. 10-15189
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/nvb10-15189p.pdf
         See http://bankrupt.com/misc/nvb10-15189c.pdf

In Re Audrey Ellen Hein
   Bankr. Nev. Case No. 10-15216
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/nvb10-15216.pdf

In Re Timothy A. Robinson
      Sandra A. Robinson
        aka Sandra Thompson-Robinson
   Bankr. N.M. Case No. 10-11530
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/nmb10-11530.pdf

In Re James Robert Franzese
   Bankr. S.D. N.Y. Case No. 10-22607
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/nysb10-22607.pdf

In Re Woodland Estates Limited Partnership
   Bankr. S.D. N.Y. Case No. 10-35877
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/nysb10-35877.pdf

In Re Seven Falls Golf and River Club, LLC
   Bankr. W.D. N.C. Case No. 10-10349
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/ncwb10-10349.pdf

In Re Izett Manufacturing Inc.
   Bankr. E.D. Pa. Case No. 10-12378
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/paeb10-12378.pdf

In Re Victor Manfredo Cardona Cardona
      Vivian Eneida Vicente Mercader
   Bankr. Puerto Rico Case No. 10-02425
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/prb10-02425.pdf

In Re Gerald George Anderson
      Leah Paula Anderson
   Bankr. E.D. Tenn. Case No. 10-31505
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/tneb10-31505p.pdf
         See http://bankrupt.com/misc/tneb10-31505c.pdf

In Re Natalia Ortiz
   Bankr. E.D. Tenn. Case No. 10-31512
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/tneb10-31512p.pdf
         See http://bankrupt.com/misc/tneb10-31512c.pdf

In Re Nunley Farms, Inc.
   Bankr. E.D. Tenn. Case No. 10-11844
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/tneb10-11844p.pdf
         See http://bankrupt.com/misc/tneb10-11844c.pdf

In Re Dena M. Fredrickson
        dba The Fredrickson Law Firm
   Bankr. S.D. Texas Case No. 10-32455
     Chapter 11 Petition Filed March 29, 2010
         See http://bankrupt.com/misc/txsb10-32455p.pdf
         See http://bankrupt.com/misc/txsb10-32455c.pdf

In Re XIT Networks LL
  Bankr. S.D. Texas Case No. 10-32457
      Chapter 11 Petition Filed March 29, 2010
         Filed As Pro Se

In Re Ultimate Hair Salon and Spa, LLC
  Bankr. N.D. Calif. Case No. 10-43524
      Chapter 11 Petition Filed March 30, 2010
         Filed As Pro Se

In Re First Metals and Plastics Technologies, Inc.
   Bankr. S.D. Ind. Case No. 10-04305
     Chapter 11 Petition Filed March 30, 2010
         See http://bankrupt.com/misc/insb10-04305.pdf

In Re Unlimited Opportunities Services,Inc.
   Bankr. E.D. La. Case No. 10-11063
     Chapter 11 Petition Filed March 30, 2010
         See http://bankrupt.com/misc/laeb10-11063.pdf

In Re H E Gustafson Inc.
        dba Elizabeth Grady Face First
   Bankr. Mass. Case No. 10-13274
     Chapter 11 Petition Filed March 30, 2010
         See http://bankrupt.com/misc/mab10-13274.pdf

In Re The Estate Of Daniel Whitmore
        dba Pyramid Arrowhead R.V., LLC
   Bankr. Nev. Case No. 10-51097
     Chapter 11 Petition Filed March 30, 2010
         See http://bankrupt.com/misc/nvb10-51097.pdf

In Re New Era 2000, Inc.
   Bankr. W.D. Okla. Case No. 10-11804
     Chapter 11 Petition Filed March 30, 2010
         See http://bankrupt.com/misc/okwb10-11804.pdf

In Re Hospice Choice, Inc.
        dba Hospice & Palliative Care of Virginia
   Bankr. W.D. Va. Case No. 10-70772
     Chapter 11 Petition Filed March 30, 2010
         See http://bankrupt.com/misc/vawb10-70772c.pdf
         See http://bankrupt.com/misc/vawb10-70772p.pdf

In Re Lewis & Son Roofing & Construction Company, Inc.
   Bankr. N.D. Ala. Case No. 10-81274
     Chapter 11 Petition Filed March 31, 2010
         See http://bankrupt.com/misc/alnb10-81274p.pdf
         See http://bankrupt.com/misc/alnb10-81274c.pdf

In Re Zoo, LLC
   Bankr. N.D. Ala. Case No. 10-81273
     Chapter 11 Petition Filed March 31, 2010
         See http://bankrupt.com/misc/alnb10-81273.pdf

In Re Shelia G. Scott
   Bankr. C.D. Calif. Case No. 10-22308
     Chapter 11 Petition Filed March 31, 2010
         See http://bankrupt.com/misc/cacb10-22308.pdf

In Re Land Co. of Clay, LLC
   Bankr. N.D. Ga. Case No. 10-69364
     Chapter 11 Petition Filed March 31, 2010
         See http://bankrupt.com/misc/ganb10-69364.pdf

In Re Olde Towne Professional Centre, LLC
   Bankr. N.D. Ga. Case No. 10-69203
     Chapter 11 Petition Filed March 31, 2010
         See http://bankrupt.com/misc/ganb10-69203.pdf

In Re Kreunen Construction, Inc.
   Bankr. N.D. Miss. Case No. 10-11599
     Chapter 11 Petition Filed March 31, 2010
         See http://bankrupt.com/misc/msnb10-11599.pdf

In Re James Stephen Wright
      Jane Ann Wright
   Bankr. S.D. Miss. Case No. 10-01246
     Chapter 11 Petition Filed March 31, 2010
         See http://bankrupt.com/misc/mssb10-01246.pdf

In Re Castle Mountain Music, Ltd.
   Bankr. N.D. N.Y. Case No. 10-11209
     Chapter 11 Petition Filed March 31, 2010
         See http://bankrupt.com/misc/nynb10-11209.pdf

In Re Jessie L. Garret
   Bankr. W.D. Pa. Case No. 10-22338
     Chapter 11 Petition Filed March 31, 2010
         See http://bankrupt.com/misc/pawb10-22338.pdf

In Re Tiz & Rodriguez Corp.
   Bankr. Puerto Rico Case No. 10-02590
     Chapter 11 Petition Filed March 31, 2010
         See http://bankrupt.com/misc/prb10-02590.pdf

In Re Evan Reed Pauley
        fdba Flexible Technologies Group LLC
        dba Positronic Technology Systems, LLC
      Jo-Ann Murphy
        dba Jo Ann's Mystery Shopping
   Bankr. E.D. Tenn. Case No. 10-11909
     Chapter 11 Petition Filed March 31, 2010
         See http://bankrupt.com/misc/tneb10-11909p.pdf
         See http://bankrupt.com/misc/tneb10-11909c.pdf

In Re Blanchard's Suffolk Properties, LLC
   Bankr. E.D. Va. Case No. 10-71490
     Chapter 11 Petition Filed March 31, 2010
         See http://bankrupt.com/misc/vaeb10-71490.pdf



                           *********

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.

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