TCR_Public/100602.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

             Wednesday, June 2, 2010, Vol. 14, No. 151

                            Headlines

1155 JOSEPH: Voluntary Chapter 11 Case Summary
2101 HOLDINGS: Voluntary Chapter 11 Case Summary
ACCENTIA BIOPHARMACEUTICALS: Files Plan of Reorganization
ALAN BARRY: Files for Chapter 11 Bankruptcy in Bridgeport
ALERIS INTERNATIONAL: Emerges From Chapter 11

ALION SCIENCE: Posts $9.1 Million Net Income for March 31 Qtr.
ALMATIS BV: Wins Final Nod to Pay Insurance Policies
ALMATIS BV: Wins Final Nod to Pay Sales & Use Taxes
ALMATIS BV: Wins U.S. Court's Final Nod to Pay Critical Vendors
AMANS HOSPITALITY: Voluntary Chapter 11 Case Summary

AMERICAN ENERGY: Salberg & Company Raises Going Concern Doubt
AMERICAN INT'L: Rejects Prudential's $30.38-Bil. Offer for AIA
AMERICAN INT'L: Warren Says Units May Need to Weigh Bankruptcy
ANF ASBURY: Court Sets Mid-June as Claims Bar Date
ANF ASBURY: Court Considers Further Use of PA Ashbury Cash Today

ANTIOCH, CALIFORNIA: Exploring Possibility of Chapter 9
APOLLO MEDICAL: Kabani & Company Raises Going Concern Doubt
ARTHUR BOUMANS: Case Summary & 20 Largest Unsecured Creditors
ASBURY MEMORIAL: Voluntary Chapter 11 Case Summary
ASHIJAN DEVELOPMENT: Files for Bankruptcy to Avert Foreclosure

AVENTINE RENEWABLE: Houlihan Lokey Hit Over Late Disclosure
BADLANDS GAMING: Case Summary & 20 Largest Unsecured Creditors
BARDHUL KOSOVRASTI: Voluntary Chapter 11 Case Summary
BEAR STEARNS: $2-Billion BSAM CDO Liquidated After A Default
BIO-KEY INTERNATIONAL: Posts $1 Million Net Loss for March 31 Qtr

BIOJECT MEDICAL: Posts $543,000 Net Loss for March 31 Qtr
BIOLABS INC: Section 341(a) Meeting Scheduled for June 30
BIOPACK ENVIRONMENTAL: Earns $28,966 in Q1 2010
BOSQUE POWER: U.S. Trustee Unable to Form Creditors Committee
BROADSTRIPE LLC: Taps DH Capital & El Molino; Plans to Sell Assets

CAMTECH PRECISION: Gets Interim Okay to Use Cash Collateral
CANFLOR LP: Voluntary Chapter 11 Case Summary
CANWEST GLOBAL: FTI Reports Updates on Shaw Transaction, et al.
CARE FOUNDATION: Proposes to Pay All Claims from Cash on Hand
CAROLINA PARK: Secured Creditor Wants Case Dismissed

CARRIBEAN CARRIER: Case Summary & 20 Largest Unsecured Creditors
CASINO REA: Section 341(a) Meeting Scheduled for July 15
CATHOLIC CHURCH: Creditors Committee Has OK for Morgan Lewis
CATHOLIC CHURCH: Creditors Committee Wants Lay Panel Disbanded
CATHOLIC CHURCH: Davenport Has 2nd Report on Undertakings

CATHOLIC CHURCH: Unaatuq Closes Purchase of Pilgrim Springs
CELEBRITY RESORTS: Hearing on Dismissal/Conversion Set for July 21
CENTAUR LLC: Creditors Have Until June 30 to File Proofs of Claim
CHANTICLEER HOLDINGS: Posts $266,164 Net Loss in Q1 2010
CHENIERE ENERGY: Closes Sale of Freeport Stake to ZHA FLNG

CHIDI UKAEGBU: Case Summary & 8 Largest Unsecured Creditors
CIERRA CONSTRUCTION: Case Summary & Largest Unsecured Creditor
CITIGROUP INC: CitiFinancial Reorganizes US Franchise
CITIGROUP INC: To Issue 2nd Quarter Results on July 16
COEUR D'ALENE: Stockholders Approve Amended 2003 Incentive Plan

COMMERCIAL VEHICLE: Picks Arves, Griffin & Snell as Directors
COMSTOCK HOMEBUILDING: Posts $892,000 Net Loss for March 31 Qtr
COPPER KING: Section 341(a) Meeting Scheduled for June 14
CORNERSTONE AT GLENDALE: Case Summary & 4 Largest Unsec Creditors
CRYSTAL SPRINGS: Schedules Filing Deadline Extended Until June 9

CRYSTAL SPRINGS PHASE I: Schedules Deadline Extended Until June 9
CURTIS SYMONDS: Case Summary & 13 Largest Unsecured Creditors
DALE JARRETT: March 31 Balance Sheet Upside-Down by $83,000
DANNY ADAMS: Case Summary & 4 Largest Unsecured Creditors
DAVID BERRY: Case Summary & 20 Largest Unsecured Creditors

DAVID SPECKMAN: Case Summary & 20 Largest Unsecured Creditors
DELPHI CORP: SEC Charges Executives with Financial Fraud
DELPHI CORP: Parties Fight for Substantial Contribution Claims
DIETRICH'S SPECIALTY: Taps Case DiGiamberardino as Bankr. Counsel
DONALD CURTIS: Case Summary & 17 Largest Unsecured Creditors

DOYLE FAMILY: Creditors Have Until June 15 to File Proofs of Claim
DUBAI WORLD: Reaches Debt Deal with Creditors
E-DEBIT GLOBAL: Posts $186,000 Net Loss in Q1 2010
EAGLESPAN STEEL: Voluntary Chapter 11 Case Summary
ELOHIM RANYAK: Case Summary & 20 Largest Unsecured Creditors

ENERGYCONNECT GROUP: Posts $2 Million Net Income for April 3 Qtr
ENVIRONMENTAL WOOD: Voluntary Chapter 11 Case Summary
EPICENTRUM LLC: Case Summary & Largest Unsecured Creditor
ERAJ DIVSAR: Voluntary Chapter 11 Case Summary
ESMERALDA CALDERA: Case Summary & 12 Largest Unsecured Creditors

EUROTEC M.F.G.: Case Summary & 11 Largest Unsecured Creditors
EUTICHIO CALORE: Voluntary Chapter 11 Case Summary
EXTENDED STAY: Centerbridge Group Wins Auction for Financing
FFW OPCO: Voluntary Chapter 11 Case Summary
FLAMINGO COURTYARD: Case Summary & 15 Largest Unsecured Creditors

FOUNTAIN SQUARE: Wants to Employ Stichter Riedel as Bankr. Counsel
FOUNTAIN SQUARE: Asks for June 9 Schedules Deadline Extension
FOXWOOD PROPERTIES: Case Summary & 3 Largest Unsecured Creditors
G&G MONEY: Case Summary & 17 Largest Unsecured Creditors
GARY GOLDSTEIN: Voluntary Chapter 11 Case Summary

GENERAL GROWTH: 2 VCK Entities Plans Declared Effective
GENERAL GROWTH: HSBC Added as Member to Creditors Committee
GENERAL GROWTH: Wins Judge's Approval for Mortgage Restructuring
GENERAL GROWTH: Oakwood Debtors Win Plan Confirmation
GENERAL GROWTH: Financers Close to Adding Blackstone, WSJ Says

GENERAL MOTORS: Fee Examiner Reports on 1st Interim Fee Apps.
GENERAL MOTORS: GM & Opel Workers Reach Accord
GENERAL MOTORS: Objects to Botha & Balintulo Class Claims
GENERAL MOTORS: Trafalet Wins Nod for Stutzman as Counsel
GLOBAL FOOD: Posts $930,000 Net Loss in Q1 2010

GOLDEN BEAR: Voluntary Chapter 11 Case Summary
GREGORY MORRIS: Taps Robert O Lampl, et al., as Bankr. Counsel
GSC INVESTMENT: Ernst & Young Raises Going Concern Doubt
GULF FLEET: Schedules Deadline Extended Until June 27
GULF FLEET: Gets Interim Nod to Hire Lugenbuhl as Bankr. Counsel

GULF FREEWAY: Case Summary & 4 Largest Unsecured Creditors
HARVARD GRAND: Case Summary & 20 Largest Unsecured Creditors
HASKELL SITE: Organizational Meeting to Form Panel on June 10
HILLWOOD MANOR: Voluntary Chapter 11 Case Summary
HONOLULU SYMPHONY: Revamps Business Plan

INTERNATIONAL FUEL: Posts $650,700 Net Loss in Q1 2010
J & P ACQUISITION: Taps Levy Law as Bankruptcy Counsel
JACKLIN ASSOCIATES: Case Summary & 8 Largest Unsecured Creditors
JAIME SHEPERD: Case Summary & 19 Largest Unsecured Creditors
JAMES LEMON: Case Summary & 10 Largest Unsecured Creditors

JOHN D OIL: Posts $92,400 Net Loss in Q1 2010
JOHN IRWIN: Case Summary & 17 Largest Unsecured Creditors
JOHN MABREY: Voluntary Chapter 11 Case Summary
KAMBIZ TEHRANCHI: Case Summary & 19 Largest Unsecured Creditors
KENNETH STARR: Judge Appoints Interim Monitor for 3 Firms

KIMBERLY CAPPOLLA: Case Summary & 20 Largest Unsecured Creditors
KYONG KIM: Voluntary Chapter 11 Case Summary
LARASCO INC: Case Summary & 6 Largest Unsecured Creditors
LEHMAN BROTHERS: Court OKs S&Y as Investment Adviser
LEHMAN BROTHERS: Court OKs Sutherland as Tax Counsel

LEHMAN BROTHERS: Has Nod to Restructure Agreement with PCCP
LEHMAN BROTHERS: Proposes to Hire Latham as Special Counsel
LEHMAN BROTHERS: Morgan Stanley Buys $1 Billion in Claims
LJH ENTERPRISES: Voluntary Chapter 11 Case Summary
LOBERA IMAGING: Case Summary & 7 Largest Unsecured Creditors

LORELEI ASSOCIATES: Voluntary Chapter 11 Case Summary
MONEY TREE: Files FY 2009 Amendment; Posts $12.9 Million Net Loss
MORTGAGES LTD: Investors Sue Attorneys and Accountants
MOSER ENTERPRISES: Case Summary & 20 Largest Unsecured Creditors
MOUNT VERNON: Case Summary & 30 Largest Unsecured Creditors

NORD RESOURCES: Nedbank Refuses to Extend Forbearance Agreement
O'CHARLEY'S INC: S&P Gives Negative Outlook' Keeps 'B+' Rating
OSZTAR DE JOURDAY: Voluntary Chapter 11 Case Summary
OUTSTANDING DEVELOPMENT: Case Summary & 6 Largest Unsec Creditors
PEDRO VEGA: Voluntary Chapter 11 Case Summary

PENNSYLVANIA ACADEMY: Case Summary & 20 Largest Unsec Creditors
PETROQUEST ENERGY: S&P Puts 'B-' Rating on CreditWatch Positive
PHYSICAL PROPERTY: Posts HK$141,000 Net Loss in Q1 2010
PPT DEVELOPMENT: Voluntary Chapter 11 Case Summary
PYRAMID EXCAVATION: Case Summary & 20 Largest Unsecured Creditors

RANDALL MEAT: Case Summary & 7 Largest Unsecured Creditors
QUALITY BUILT: Voluntary Chapter 11 Case Summary
RICARDO BOPP: Case Summary & 3 Largest Unsecured Creditors
ROBERT RITTER: Voluntary Chapter 11 Case Summary
RUSSELL RAY: Case Summary & 19 Largest Unsecured Creditors

SACRAMENTO UNIFIED SCHOOL: Faces Bankruptcy Amid Contract Spat
SALLY HOLDINGS: S&P Raises Corporate Credit Rating to 'BB-'
SBARRO INC: Posts $78.9 Million Net Loss for March 28 Quarter
SEDONA DEVELOPMENT: Voluntary Chapter 11 Case Summary
SHORELINE GRADING: Organizational Meeting to Form Panel on June 10

SHORELINE SAND: Organizational Meeting to Form Panel on June 10
SIMON WORLDWIDE: Posts $588,000 Net Loss for March 31 Quarter
SKYE INTERNATIONAL: Posts $480,000 Net Loss in Q1 2010
SL & JL: Case Summary & 14 Largest Unsecured Creditors
SMART ONLINE: Posts $916,900 Net Loss in Q1 2010

SOUP KITCHEN: Creditors File Petition to Force Bankruptcy
SOUTH PADRE: Case Summary & 5 Largest Unsecured Creditors
SPANSION INC: Aims to Regain Market Lost During Reorganization
STATION CASINOS: Committee Has OK to Tap Fox Rothschild as Counsel
STATION CASINOS: Revises Bidding Procedures for OpCo Assets

STATION CASINOS: Wins Nod to Pay Contract Bonuses
SUNDANCE LLC: Case Summary & Largest Unsecured Creditor
SUNSTAR HOSPITALITY: Voluntary Chapter 11 Case Summary
TENET HEALTHCARE: Confirms Initial Talks with Healthscope
THOMAS ROSZAK: Case Summary & 7 Largest Unsecured Creditors

TIMOTHY EDWARDS: Case Summary & 19 Largest Unsecured Creditors
TRANSFIRST GROUP: S&P Assigns Corporate Credit Rating at 'B'
TRAYLOR MULTIMEDIA: Files for Chapter 11 in Boston
TRUE NORTH: LL Bradford Raises Going Concern Doubt
VALLEJO, CALIFORNIA: Leaders Review $216-Mil. Spending Plan

VENTANA DEVELOPMENT: Case Summary & 5 Largest Unsecured Creditors
VERVE CHIROPRACTIC: Voluntary Chapter 11 Case Summary
VICUS ORIENS: Case Summary & 5 Largest Unsecured Creditors
VINOD PATEL: Voluntary Chapter 11 Case Summary
VRUNDA CORP: Case Summary & 12 Largest Unsecured Creditors

VIEW SYSTEMS: Posts $458,300 Net Loss in Q1 2010
VISTEON CORP: Rejects Johnson Controls Bid to Buy Assets
WASHINGTON MUTUAL: Bondholders Want $2BB Claim Temporarily Allowed
WASHINGTON MUTUAL: Equity Committee Wants to Probe FDIC
WASHINGTON MUTUAL: Equity Committee Wants to Probe JPMorgan

WESTWICK BUILDERS: Voluntary Chapter 11 Case Summary
YANIV OFFIR: Case Summary & 20 Largest Unsecured Creditors

* U.S. Congress Weighs Pension Bailout
* Elgin Seeks to Buy U.S. Bankruptcy Loans for CLOs

* Upcoming Meetings, Conferences and Seminars


                            *********



1155 JOSEPH: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: 1155 Joseph E Boone Blvd, LLC
        501 Madison Avenue, Suite 501
        New York, NY 10022

Bankruptcy Case No.: 10-11771

Chapter 11 Petition Date: May 28, 2010

Court: U.S. Bankruptcy Court
       District of Delaware (Delaware)

Debtor's Counsel: John F. Thomas Jr., Esq.
                  64 Read's Way
                  New Castle, DE 19720
                  Tel: (302) 221-3278
                  Fax: (856) 234-6106
                  E-mail: jftjr@mac.com

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

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 Kenneth Irving, Jr., president of sole
member, Pinecrest National Funding, LLC.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                            Case No.   Petition Date
        ------                            --------   -------------
Pinecrest National Funding, LLC, Et Al.   10-10339        02/02/10


2101 HOLDINGS: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: 2101 Holdings LLC
        1002 NE 176th Terr
        North Miami Beach, FL 33162

Bankruptcy Case No.: 10-24819

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       Southern District of Florida (Miami)

Judge: A. Jay Cristol

Debtor's Counsel: Joel M. Aresty, Esq.
                  13499 Biscayne Boulevard #T-3
                  No. Miami, FL 33181
                  Tel: (305) 899-9876
                  Fax: (305) 723-7893
                  E-mail: aresty@mac.com

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

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

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

The petition was signed by Joseph Ausch, managing member.


ACCENTIA BIOPHARMACEUTICALS: Files Plan of Reorganization
---------------------------------------------------------
Accentia Biopharmaceuticals, Inc., filed a proposed plan of
reorganization with the U.S. Bankruptcy Court for the Middle
District of Florida, Tampa Division.  With this filing, Accentia
says it is positioned to emerge from Chapter 11 protection this
summer as a fully restructured company.

Upon Court-ordered confirmation, the Plan is expected to support
the regulatory advancement of the autoimmune disease therapy,
Revimmune (TM), a comprehensive system of care and drug regimen
designed to "reboot" the immune system to potentially eliminate
multiple sclerosis and significantly reduce disability.  Accentia
is preparing to advance a regulatory strategy in order to proceed
with a planned late-stage clinical trial for Revimmune.

"We are very proud to report that the Accentia Plan of
Reorganization achieves our priority goal of preserving the
interests of all stakeholders.  The Plan will strengthen the
Company's financial position and balance sheet with favorably
restructured terms allowing us to service our long-term debt
obligations while importantly preserving the common shares without
significantly increasing the fully diluted share count," stated
Accentia's president, Samuel S. Duffey.  "Our foremost priority in
emerging from Chapter 11 is to devote our resources towards the
advancement of Revimmune, which offers the unprecedented potential
to change the way multiple sclerosis and other autoimmune diseases
are treated.  Revimmune has been shown to eliminate the peripheral
immune cells, including the cells perpetuating the autoimmunity,
as opposed to current standard of care treatments that only delay
disease progression."

Through an Accentia-managed Revimmune patient registration
program, a Revimmune therapy candidate would be pre-qualified to
determine eligibility to receive a comprehensive system of care
which includes an ultra-high dose, pulsed regimen of
cyclophosphamide (HyCy) designed to "reboot" the patient's immune
system.  Revimmune therapy is believed to act by completely
eliminating mature lymphocytes throughout the body while
selectively sparing immune stem cells in the bone marrow.  Shortly
following a course f Revimmune, the bone marrow stem cells
repopulate the immune system with new cells that lack the traits
of autoimmunity, offering the potential for sustained remissions.

                About Accentia Biopharmaceuticals

Headquartered in Tampa, Florida, Accentia Biopharmaceuticals Inc.
(Nasdaq: ABPI) -- http://www.accentia.net/--is biopharmaceutical
company focused on the development and commercialization of drug
candidates that are in late-stage clinical development and
typically are based on active pharmaceutical ingredients that have
been previously approved by the FDA for other indications.  The
Company's lead product candidate is SinuNase(TM), a novel
application and formulation of a known therapeutic to treat
chronic rhinosinusitis.

The Company has acquired the majority ownership interest in
Biovest International Inc. and a royalty interest in Biovest's
lead drug candidate, BiovaxID(TM) and any other biologic products
developed by Biovest.  The Company also has a specialty
pharmaceutical business, which markets products focused on
respiratory disease and an analytical consulting business that
serves customers in the biopharmaceutical industry.

Accentia Biopharmaceuticals and nine affiliates filed for Chapter
11 protection on November 10, 2008 (Bankr. M.D. Fla., Lead Case
No. 08-17795).  Charles A. Postler, Esq., and Elena P. Ketchum,
Esq., at Stichter, Riedel, Blain & Prosser, in Tampa, Florida; and
Jonathan B. Sbar, Esq., at Rocke, McLean & Sbar, P.A., represent
the Debtors as counsel.  Attorneys at Olshan Grundman Frome
Rosenzweig, and Genovese Joblove & Battista PA, represent the
official committee of unsecured creditors.  The Debtors said
assets totalled $134,919,728 while debts were $77,627,355 as of
June 30, 2008.


ALAN BARRY: Files for Chapter 11 Bankruptcy in Bridgeport
---------------------------------------------------------
According to NewsTimes, personal injury lawyer Alan Barry filed
for bankruptcy under Chapter 11 in the U.S. Bankruptcy Court in
Bridgeport, listing no assets and $1.5 million in liabilities.
Obligations are primarily back taxes that the founder and
principal in Alan M. Barry and Associates, a law firm with offices
on Shelter Rock Road, owes to the Internal Revenue Service and the
state Department of Revenue Services.


ALERIS INTERNATIONAL: Emerges From Chapter 11
---------------------------------------------
Aleris International, Inc., has emerged from Chapter 11, having
completed its financial and operational restructuring.

Steven J. Demetriou, Aleris Chairman and CEO, said, "We have used
the past 15 months to reduce costs and significantly improve our
operations worldwide, while delivering value to our customers.
Today we are well positioned to compete in the global marketplace,
with significantly enhanced financial flexibility and a strong
production platform.  We will continue to build on this foundation
for the benefit of all our stakeholders."

"I want to take this opportunity to reiterate the appreciation for
all of our hard-working employees around the world who have helped
make our restructuring a success and who will be an important part
of our future.  In addition, I would like to thank our creditors,
who demonstrated confidence in Aleris by voting to accept our plan
of reorganization and participating in the rights offering
conducted as part of the plan."

Aleris is a privately held company, majority owned by a committed
ownership group led by certain investment funds managed by Oaktree
Capital Management, L.P., affiliates of Apollo Management, L.P.,
and Sankaty Advisors, LLC.  In conjunction with its emergence from
Chapter 11, Aleris closed on its rights offering in the amount of
$609 million, which is comprised of $45 million in 10 year
unsecured Notes and up to $564 million in new equity.
Additionally, Aleris has a new, fully committed, $500 million
asset based revolving credit facility and over $300 million in
liquidity.

Aleris Deutschland Holding GmbH, a non-operating holding company
with no employees or operating assets which conducts no commercial
business, has also emerged from Chapter 11.

                 About Aleris International

Aleris International, Inc., produces and sells aluminum rolled and
extruded products.  Aleris operates primarily through two
reportable business segments: (i) global rolled and extruded
products and (ii) global recycling.  Headquartered in Beachwood,
Ohio, a suburb of Cleveland, the Company operates over 40
production facilities in North America, Europe, South America and
Asia, and employs approximately 8,400 employees.  Aleris operates
27 production facilities in the United States with eight
production facilities that provided rolled and extruded aluminum
products and 19 recycling production plants.

Aleris International, Inc., aka IMCO Recycling Inc., and various
affiliates filed for bankruptcy on February 12, 2009 (Bankr. D.
Del. Case No. 09-10478).  The Hon. Brendan Linehan Shannon
presides over the cases.  Stephen Karotkin, Esq., and Debra A.
Dandeneau, Esq., at Weil, Gotshal & Manges LLP in New York, serve
as lead counsel for the Debtors.  L. Katherine Good, Esq., and
Paul Noble Heath, Esq., at Richards, Layton & Finger, P.A.  In
Wilmington, Delaware, serves as local counsel.  Moelis & Company
LLC, acts as financial advisors; Alvarez & Marsal LLC as
restructuring advisors, and Kurtzman Carson Consultants LLC as
claims and noticing agent for the Debtors.  As of December 31,
2008, the Debtors had total assets of US$4,168,700,000; and total
debts of US$3,978,699,000.

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


ALION SCIENCE: Posts $9.1 Million Net Income for March 31 Qtr.
--------------------------------------------------------------
Alion Science & Technology Corporation filed its quarterly report
on Form 10-Q, reporting net income of $9.1 million on
$203.5 million of contract revenue for the three months ended
March 31, 2010, compared with $39,000 net income on $195.4 million
of contract revenue for the same period a year ago.

The Company's balance sheet at March 31, 2010, showed
$667.1 million in total assets, $171.1 million in total current
liabilities, $268.4 million in senior term loan payable,
$245.6 million in senior unsecured notes, $5.2 million in accrued
compensation, $740,000 in accrued postretirement benefit
obligations, $7.9 million in non-current portion of lease
obligations, and $33.8 million in deferred income taxes, for
a stockholders' deficit of $239.5 million.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?62ad

                        About Alion Science

Alion Science and Technology Corporation, based in McLean, VA, is
an employee-owned company that provides scientific research,
development, and engineering services related to national defense,
homeland security, and energy and environmental analysis.
Particular areas of expertise include communications, wireless
technology, netcentric warfare, modeling and simulation, chemical
and biological warfare, program management.

As of December 30, 2009, the Company had total assets of
$639,046,000 against total current liabilities of $169,588,000,
senior term loan payable, excluding current portion of
$226,969,000, senior unsecured notes of $245,462,000, subordinated
note payable of $45,715,000, redeemable common stock of
$187,112,000, and accumulated deficit of $282,500,000.

                           *     *     *

Alion carries 'Caa3' corporate family and probability of default
ratings from Moody's.  Alion carries a 'B-' corporate credit
rating from Standard & Poor's.


ALMATIS BV: Wins Final Nod to Pay Insurance Policies
----------------------------------------------------
Almatis B.V. and its debtor affiliates sought and obtained final
U.S. Court authority to continue their insurance policies and
honor their obligations under those policies.

The Debtors maintain insurance policies providing coverage for
employment practices liability, workers' compensation, casualty
loss, among other things.

A schedule of Almatis' Insurance Policies is available for free
at http://bankrupt.com/misc/Almatis_InsurancePolicies.pdf

The Debtors are required to pay premiums under the Policies based
on a fixed rate established and billed by each insurer and are
required to pay deductibles based on the terms of a policy.  The
aggregate premiums for the Policies are about $3.35 million,
which are determined and paid annually directly to the insurers.

To assist them in the procurement and negotiation of the
Policies, the Debtors employ and pay annual fees to their
insurance brokers, Aon Inc. and its affiliates.  For the current
policy year cycle, the Debtors incurred about $359,000 in
brokers' fees.  As of April 30, 2010, no outstanding amounts are
owed to the Debtors' brokers for their pre-bankruptcy services.

The Debtors also do not have any premium payments outstanding as
of their bankruptcy filing, according to the Debtors' attorney,
Michael Rosenthal, Esq., at Gibson Dunn & Crutcher LLP, in New
York.

In connection with maintaining their Insurance Policies, the
Debtors also obtained a Court ruling authorizing their banks and
other financial institutions to honor checks and transfers issued
or made related to the maintenance of the Insurance Policies.

                       About Almatis Group

Alamtis B.V., and its affiliates filed for Chapter 11 on April 30,
2010 (Bankr. S.D.N.Y. Lead Case No. 10-12308).  Almatis B.V.
estimated assets of US$500 million to US$1 billion and debts of
more than US$1 billion as of the bankruptcy filing.

Almatis, operationally headquartered in Frankfurt, Germany, is a
global leader in the development, manufacture and supply of
premium specialty alumina products.  With nearly 900 employees
worldwide, the company's products are used in a wide variety of
industries, including steel production, cement production, non-
ferrous metal production, plastics, paper, ceramics, carpet
manufacturing and electronic industries.  Almatis operates nine
production facilities worldwide and serves customers around the
world.  Until 2004, the business was known as the chemical
business of Alcoa.  Almatis is now owned by Dubai International
Capital LLC, the international investment arm of Dubai Holding.

Michael A. Rosenthal, Esq., at Gibson, Dunn & Crutcher LLP, serves
as counsel to the Debtors in the Chapter 11 cases.  Linklaters LLP
is the special English and German counsel and De Brauw Blackstone
Westbroek N.V. is Dutch counsel.  Epiq Bankruptcy Solutions, LLC,
serves as claims and notice agent.

Bankruptcy Creditors' Service, Inc., publishes Almatis Bankruptcy
News.  The newsletter tracks the Chapter 11 proceeding and
ancillary foreign proceedings undertaken by Almatis B.V., and its
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


ALMATIS BV: Wins Final Nod to Pay Sales & Use Taxes
---------------------------------------------------
In the ordinary course of their businesses, Almatis B.V. and its
units incur, collect, and remit a variety of taxes, fees, and
other charges relating to their business operations in the United
States.  The Taxes and Fees include various trust fund taxes,
taxes that may give rise to personal liability for officers and
directors, state franchise taxes and other fees, business license
fees, regulatory fees, use taxes, certain property taxes, and
other similar taxes and fees.

The Debtors remit the Taxes and Fees to various federal, state,
and local governments and agencies within the United States.

Any dispute regarding the payment of Taxes and Fees due in such
jurisdictions could results in audits.

Accordingly, the Debtors sought and obtained final approval from
the U.S. Bankruptcy Court to pay the Prepetition Taxes and Fees.

The Debtors summarize the Taxes and Fees they owe:

State Franchise Taxes             $30,000 for 2009
Fees Related to Franchise Taxes    $8,000 on a quarterly basis
Regulatory Fees                   $80,000 annually
Use Taxes                         $75,000 monthly
Property Taxes                   $937,148 due for Oct. 2010
                                  $157,190 for the postpetition
                                           Period

The Debtors assert that they must continue to pay the Taxes and
Fees to continue operating in certain jurisdictions and to avoid
costly distractions during the Chapter 11 Cases.

The Debtors contend that failure to pay the Taxes and Fees could
adversely affect their business operations because the
Governmental Authorities could suspend their operations, file
liens, or seek to lift the automatic stay.

In addition, certain Governmental Authorities may take
precipitous action against the Debtors' directors and officers
for unpaid Taxes, which undoubtedly would distract those key
employees from their duties related to the Debtors'
restructuring.

                       About Almatis Group

Alamtis B.V., and its affiliates filed for Chapter 11 on April 30,
2010 (Bankr. S.D.N.Y. Lead Case No. 10-12308).  Almatis B.V.
estimated assets of US$500 million to US$1 billion and debts of
more than US$1 billion as of the bankruptcy filing.

Almatis, operationally headquartered in Frankfurt, Germany, is a
global leader in the development, manufacture and supply of
premium specialty alumina products.  With nearly 900 employees
worldwide, the company's products are used in a wide variety of
industries, including steel production, cement production, non-
ferrous metal production, plastics, paper, ceramics, carpet
manufacturing and electronic industries.  Almatis operates nine
production facilities worldwide and serves customers around the
world.  Until 2004, the business was known as the chemical
business of Alcoa.  Almatis is now owned by Dubai International
Capital LLC, the international investment arm of Dubai Holding.

Michael A. Rosenthal, Esq., at Gibson, Dunn & Crutcher LLP, serves
as counsel to the Debtors in the Chapter 11 cases.  Linklaters LLP
is the special English and German counsel and De Brauw Blackstone
Westbroek N.V. is Dutch counsel.  Epiq Bankruptcy Solutions, LLC,
serves as claims and notice agent.

Bankruptcy Creditors' Service, Inc., publishes Almatis Bankruptcy
News.  The newsletter tracks the Chapter 11 proceeding and
ancillary foreign proceedings undertaken by Almatis B.V., and its
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


ALMATIS BV: Wins U.S. Court's Final Nod to Pay Critical Vendors
---------------------------------------------------------------
Almatis B.V. and its affiliated debtors obtained final approval
from the U.S. Bankruptcy Court to earmark as much as $400,000 to
pay the pre-bankruptcy claims of their critical vendors, who agree
to continue to supply them goods or provide services on customary
trade terms or on other favorable terms acceptable to them.

Customary trade terms refer to the normal trade terms, practices
and programs that were most favorable to the Debtors in effect
prepetition, or other trade terms as agreed by the Debtors and
the critical vendor so long as the latter extends trade credit to
the Debtors.

In an order dated May 17, 2010, the Court authorized the Debtors
to enter into letter agreements with the critical vendors, if
appropriate.  The Debtors' inability to enter into the
agreements, however, will not preclude them from paying the
claims of the critical vendors, the Court ruled.

Pursuant to the Court's order, the Debtors can terminate a letter
agreement, together with the other benefits granted to the
critical vendor, if the vendor has not complied with the
agreement or has failed to continue to provide customary trade
terms following the date of the agreement.

The critical vendor letter agreement can be reinstated if the
Debtors' decision is reversed by the Court for good cause; the
default is fully cured by the critical vendor not later than five
business days after the initial default occurred; or if the
Debtors reach a subsequent agreement with the vendor.

If a letter agreement is terminated or if a critical vendor that
has received payment of a prepetition claim later refuses to
continue to supply goods or services, the Debtors can declare the
payment of the claim a voidable postpetition transfer; and return
the parties to their original positions by reinstating the claim
and demanding the immediate return of the Debtors' payment of
that claim.

The Court also authorizes the Debtors to pay claims of any
creditor entitled to administrative priority.  Payments on
account of those claims will not count against the critical
vendor's claims cap.

Moreover, the Court authorizes all banks and other financial
institutions to honor and pay any checks and transfers in
relation to the critical vendor claims payment, regardless of
whether those checks or transfers have been issued before or
after the Debtors' bankruptcy filing.

                       About Almatis Group

Alamtis B.V., and its affiliates filed for Chapter 11 on April 30,
2010 (Bankr. S.D.N.Y. Lead Case No. 10-12308).  Almatis B.V.
estimated assets of US$500 million to US$1 billion and debts of
more than US$1 billion as of the bankruptcy filing.

Almatis, operationally headquartered in Frankfurt, Germany, is a
global leader in the development, manufacture and supply of
premium specialty alumina products.  With nearly 900 employees
worldwide, the company's products are used in a wide variety of
industries, including steel production, cement production, non-
ferrous metal production, plastics, paper, ceramics, carpet
manufacturing and electronic industries.  Almatis operates nine
production facilities worldwide and serves customers around the
world.  Until 2004, the business was known as the chemical
business of Alcoa.  Almatis is now owned by Dubai International
Capital LLC, the international investment arm of Dubai Holding.

Michael A. Rosenthal, Esq., at Gibson, Dunn & Crutcher LLP, serves
as counsel to the Debtors in the Chapter 11 cases.  Linklaters LLP
is the special English and German counsel and De Brauw Blackstone
Westbroek N.V. is Dutch counsel.  Epiq Bankruptcy Solutions, LLC,
serves as claims and notice agent.

Bankruptcy Creditors' Service, Inc., publishes Almatis Bankruptcy
News.  The newsletter tracks the Chapter 11 proceeding and
ancillary foreign proceedings undertaken by Almatis B.V., and its
affiliates.  (http://bankrupt.com/newsstand/or 215/945-7000)


AMANS HOSPITALITY: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Amans Hospitality Inc.
        3700 Speedway Dr.
        Findlay, OH 45840

Bankruptcy Case No.: 10-33762

Chapter 11 Petition Date: May 28, 2010

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

Judge: Mary Ann Whipple

Debtor's Counsel: Patricia A. Kovacs, Esq.
                  The Gardner Bldg
                  500 Madison Ave
                  #525
                  Toledo, OH 43604
                  Tel: (419) 241-4050
                  Fax: (419) 241-8726
                  E-mail: patricia.kovacs@buckeye-express.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 largest unsecured creditors
together with its petition.

The petition was signed by Sewa S. Bhinder, president.


AMERICAN ENERGY: Salberg & Company Raises Going Concern Doubt
-------------------------------------------------------------
American Energy Production, Inc., filed on May 14, 2010, its
annual report on Form 10-K for the year ended December 31, 2009.

Salberg & Company, P.A., in Boca Raton, Fla., expressed
substantial doubt about the Company's ability to continue as a
going concern.  The independent auditors noted that the Company
reported a net loss of $1,009,328 and used net cash of $330,208 in
operating activities for the year ended December 31, 2009.  At
December 31, 2009, the Company has minimal cash and had a working
capital deficiency and accumulated deficit of $481,566 and
$27,232,519, respectively.

The Company a net loss of $1,009,328 on $1,107,940 of revenue for
the three months ended March 31, 2010, compared with a net loss of
$2,148,551 on $1,842,059 of revenue for the same period ended
March 31, 2009.

The Company's balance sheet as of March 31, 2010, showed
$3,852,878 in assets, $1,093,419 of liabilities, and $2,759,459 of
stockholders' equity.

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

               http://researcharchives.com/t/s?63a9

Based in Mineral Wells, Texas, American Energy Production,
Inc.(OTC BB: AENP) -- http://www.americanenergyproduction.com/--
is a publicly traded oil and gas company that is engaged primarily
in the acquiring, developing, producing, exploring and selling of
oil and natural gas.  Additionally, the Company is a joint venture
partner in the exploration, evaluation, development and mining of
gold and other minerals.  The Company traditionally has acquired
oil and gas companies that have the potential for increased oil
and natural gas production utilizing new technologies, well
workovers and fracture stimulation systems.  The Company has also
expanded its scope of business to include the drilling of new
wells with its own equipment through its wholly-owned subsidiary
companies.


AMERICAN INT'L: Rejects Prudential's $30.38-Bil. Offer for AIA
--------------------------------------------------------------
Digby Larner and Vladimir Guevarra at The Wall Street Journal
report that Prudential PLC's attempt to seal the biggest-ever
insurance takeover suffered a major setback Tuesday after it
failed to lower the cost of its $35.5 billion agreement to buy
American International Group Inc.'s largest Asian life-insurance
unit.

AIG said in a statement that, after careful consideration, it will
adhere to the original terms of its previously announced agreement
for U.K. insurer Prudential to acquire AIG's wholly owned pan-
Asian life insurance subsidiary AIA Group Limited.  The Company
will not consider revisions to those terms.

The Journal relates that Prudential, on the other hand, said it is
considering its position after AIG rejected a proposal to slash
the value of the deal to $30.375 billion.

The statements, according to The Journal, mean that talks between
Prudential and AIG over the weekend broke down and that Prudential
might have to cancel a June 7 vote, where many shareholders are
expected to turn down the deal due to the price being paid for AIA
as well as a $21 billion rights issue that is deemed too expensive
by some shareholders.

The AIA Group is a pan-Asian life insurance organization that
traces its roots in the Asia Pacific region back more than 90
years.  It provides consumers and businesses with products and
services for life insurance, retirement planning, accident and
health insurance as well as wealth management solutions. Through
an extensive network of 320,000 agents and 23,500 employees across
15 geographical markets, AIA serves more than 23 million customers
in the region.

                          About AIG Inc.

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

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

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


AMERICAN INT'L: Warren Says Units May Need to Weigh Bankruptcy
--------------------------------------------------------------
Hugh Son at Bloomberg News reports that the chairman of a
congressional oversight panel said that American International
Group Inc. may need to weigh putting units in bankruptcy.

Elizabeth Warren, the chairman of the panel reviewing the
government's rescue of financial firms, said, "Maybe some of them
need to go through bankruptcy, and really reorganize it at a
faster pace," said Warren, who conducted a hearing on the company
in Washington.  "We at least want to talk about that and hear the
government explain what its view is."

                          About AIG Inc.

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

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

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


ANF ASBURY: Court Sets Mid-June as Claims Bar Date
--------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
has established 60 days after the service of the notice of bar
date, as the deadline for any individual or entity to file proofs
of claim against ANF Asbury Park, LLC.  The notice was served on
April 16, 2010.

The Debtor is represented by:

     Michael G. Spector, Esq.
     E-mail: mgspector@aol.com
     Vicki L. Schennum, Esq.
     E-mail: vschennum@msn.com
     Law Offices of Michael G. Spector
     2677 North Main Street, Suite 800
     Santa Ana, California 92705
     Tel: (714) 835-3130
     Fax: (714) 558-7435

Irvine, California-based ANF Asbury Park, LLC, filed for Chapter
11 bankruptcy protection on March 5, 2010 (Bankr. C.D. Calif. Case
No. 10-12819).  Michael G. Spector, Esq., at the Law Offices of
Michael G. Spector, assists the Company in its restructuring
effort.  The Company estimated its assets and liabilities at
$10,000,001 to $50,000,000.


ANF ASBURY: Court Considers Further Use of PA Ashbury Cash Today
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
will consider at a hearing on June 2, 2010 at 10:00 a.m., approval
of the final stipulation, extending ANF Asbury Park, LLC's use PA
Asbury, LLC's cash until September 1, 2010.  The hearing will be
held on Courtroom 5B, 411 West Fourth Street, Santa Ana,
California.

As reported in the Troubled Company Reporter on April 26, 2010,
the Debtor is the owner of 234-unit apartment building community
Asbury Park Apartments in Miami Gardens, Florida.  The property is
subject to numerous lease agreements which provide the Debtor
rental income, which are cash collateral.

The Debtor will use the cash collateral to fund its Chapter 11
case, pay suppliers and other parties.

The cash collateral use is contingent upon:

   a. The lender is adequately protected by continued monthly
      payments of interest, taxes and insurance.

   b. The lender is further protected by the Debtor's ongoing
      operations.

   c. The lender's interests are adequately protected by
      replacement liens on Debtor's postpetition rents, cash, and
      the proceeds thereof.

   d. The cash collateral is intended for the necessary costs of
      maintaining the lender's underlying collateral.

   e. The Debtor will provide the lender with information to
      monitor the use of cash collateral, thereby providing an
      additional measure of "adequate protection."

   f. The equities of the case mandate approval of the motion.

   g. The policy of reorganization calls for granting the motion.

                       About ANF Asbury Park

Irvine, California-based ANF Asbury Park, LLC, filed for Chapter
11 bankruptcy protection on March 5, 2010 (Bankr. C.D. Calif. Case
No. 10-12819).  Michael G. Spector, Esq., at the Law Offices of
Michael G. Spector, assists the Company in its restructuring
effort.  The Company estimated its assets and liabilities at
$10,000,001 to $50,000,000.


ANTIOCH, CALIFORNIA: Exploring Possibility of Chapter 9
-------------------------------------------------------
NBC Bay Area reported May 28 that municipal officials in Antioch,
California, are exploring the possibility of following their
neighbors into Chapter 9.  Vallejo City filed for bankruptcy
nearly two years ago.

Antioch Mayor Jim Davis said early this month at the City Council
meeting that the city faces the possibility of insolvency if it
does not make difficult budget decisions in the coming weeks.

According to Mercury News, the city's top finance official said
that Antioch is not on the verge of bankruptcy, a day after the
mayor speculated that it could be sliding in that direction.
Finance Director Dawn Merchant believes the city will survive the
fiscal crisis.  Ms. Merchant said that as long as the council
takes action and addresses the issue, the city should be OK.

Antioch has a $2.9 million budget shortfall heading into the 2010-
11 fiscal year, which begins July 1.  Officials project $34.1
million in general fund revenue for 2010-11 -- about $10.5 million
less than the city took in three years ago because of declining
property and sales taxes.


APOLLO MEDICAL: Kabani & Company Raises Going Concern Doubt
-----------------------------------------------------------
Apollo Medical Holdings, Inc., filed on May 14, 2010, its annual
report on Form 10-K for the fiscal year ended January 31, 2010.

Kabani & Company, Inc., in Los Angeles, expressed substantial
doubt about the Company's ability to continue as a going concern.
The independent auditors noted that the Company has an accumulated
deficit of $1,241,031 as of January 31, 2010, working capital of
$1,075,499 and cash flows used in operating activities of
$338,141.

The Company reported a net loss of $196,080 on $2,441,452 of
revenue for the year ended January 31, 2010, compared with a net
loss of $891,815 on $1,057,354 of revenue for the year ended
January 31, 2009.

The Company's balance sheet as of January 31, 2010, showed
$1,305,441 in assets and $1,351,834 of liabilities, for a
stockholders' deficit of $46,393.

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

               http://researcharchives.com/t/s?63a3

Apollo Medical Holdings, Inc. and its subsidiaries provide
hospitalist services to a range of medical groups, health plans,
community physicians and hospital clients at 17 hospitals in the
Greater Los Angeles, California area.  The Company is currently
headquartered in Glendale, California.


ARTHUR BOUMANS: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Arthur T. Boumans
        P.O. Box 22886
        Beaumont, Tx 77720-2886

Bankruptcy Case No.: 10-10332

Chapter 11 Petition Date: May 27, 2010

Court: United States Bankruptcy Court
       Eastern District of Texas (Beaumont)

Debtor's Counsel: J. Craig Cowgill, Esq.
                  J. Craig Cowgill & Associates, P.C.
                  8100 Washington Avenue, Suite 120
                  Houston, TX 77007
                  Tel: (713) 956-0254
                  Fax: (713) 956-6284
                  E-mail: jccowgill@cowgillholmes.com

Estimated Assets: $0 to $50,000

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

A list of the Company's 20 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/txeb10-10332.pdf

The petition was signed by Arthur T. Boumans.


ASBURY MEMORIAL: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Asbury Memorial, LTD
        5502 Memorial Dr
        Houston, TX 77007

Bankruptcy Case No.: 10-34387

Chapter 11 Petition Date: May 28, 2010

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Jeff Bohm

Debtor's Counsel: Peter Johnson, Esq.
                  Suite 2820
                  Eleven Greenway Plaza
                  Houston, TX 77046
                  Tel: (713) 961-1200
                  Fax: (713) 961-0941
                  E-mail: pjlawecf@pjlaw.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 largest unsecured creditors
together with its petition.

The petition was signed by Lenora June Sofka, agent for Sole GP
MSMJREI, Inc.


ASHIJAN DEVELOPMENT: Files for Bankruptcy to Avert Foreclosure
--------------------------------------------------------------
Las Vegas Sun reports that Ashijan Development LLC filed for
Chapter 11 bankruptcy protection to block foreclosure of a parcel
of raw land at 4641 N. Rainbow Boulevard in Las Vegas sought by
Nevada National Bank on account of a $750,000 debt.  The Company
listed assets of less than $50,000.  Ashijan Development is a
company controlled by Nevada U.S. Senate candidate Jon Scott
Ashijan.


AVENTINE RENEWABLE: Houlihan Lokey Hit Over Late Disclosure
-----------------------------------------------------------
The Wall Street Journal reports that Houlihan Lokey, Aventine
Renewable Energy Holdings' financial advisor, has been hit by the
U.S. Trustee for failing to timely disclose ties to two of three
investment funds that financed the bankruptcy of Aventine.  The
late disclosure should cost the financial-advisory firm half of
the nearly $5 million it is seeking for work in the Aventine case,
U.S. trustee Roberta A. DeAngelis said in a bankruptcy court
filing.

Aventine Renewable obtained approval of DIP financing from hedge
funds connected to Whitebox Advisors LLC, Brigade Capital
Management and Nomura Corporate Research and Asset Management over
a competing bid from banks.  Houlihan Lokey's William Hardie III
testified for Aventine in the financing fight, advocating for the
loan with Whitebox, Brigade and Nomura.

According to The Journal, it wasn't until 10 months later that
Houlihan Lokey filed a report disclosing it had advised the
VeraSun creditors committee, which had Whitebox and Brigade as "ex
officio" members.  Additionally, Houlihan Lokey worked for groups
that included Whitebox in the Spansion Inc. case and in the case
of Energy Partners Ltd. In the Trump casinos bankruptcy, Houlihan
Lokey advised a creditor group that included Brigade.  Houlihan
performed portfolio valuation for both Whitebox and Brigade.

The firm said it erected ethical walls to separate its work on the
Aventine case from its work on other cases.  "We believe the
firm's actions were consistent with established bankruptcy rules
and requirements," Houlihan Lokey said Thursday in a statement
released through spokesman Michael Utley.

The U.S. trustee, however, said even if Houlihan allegedly put up
the walls, it should have disclosed the other work it was doing
for Brigade and Whitebox when reporting to the court in the
Aventine case.

                   About Aventine Renewable

Pekin, Illinois-based Aventine Renewable Energy Holdings, Inc.
(Pink Sheets: AVRN) -- http://www.aventinerei.com/-- is a
producer and marketer of ethanol to many leading energy companies
in the United States.  In addition to ethanol, Aventine also
produces distillers grains, corn gluten meal, corn gluten feed,
corn germ and brewers' yeast.

Morgan Stanley Capital Partners IV bought Aventine in May 2003
from Williams Cos.  Aventine had a public offering in May 2006.
The Morgan Stanley group retained 28% of the stock at year's end.

The Company and its affiliates filed for Chapter 11 on April 7,
2009 (Bankr. D. Del. Lead Case No. 09-11214).  Joel A. Waite,
Esq., and Ryan M. Bartley, Esq., at Young, Conaway, Stargatt &
Taylor, serves as bankruptcy counsel to the Debtors.  Davis Polk
& Wardwell is special tax counsel and Houlihan, Lokey, Howard &
Zukin, Inc., is the financial advisor.  Garden City Group, Inc.,
has been engaged as claims agent.  Scott D. Cousins, Esq., and
Donald J. Detweiler, Esq., at Greenberg Traurig, LLP, serve as
counsel to the official committee of unsecured creditors.  When it
filed for bankruptcy protection from its creditors, Aventine
Renewable listed between $100 million and $500 million each in
assets and debts.

The Court confirmed on February 24, 2010, the Company's plan of
reorganization.  The Company emerged from Chapter 11 on March 15,
2010.


BADLANDS GAMING: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Badlands Gaming, LLC
        dba Lucky Nugget Gambling Hall
        622 Main Street
        P.O. Box 327
        Deadwood, SD 57732

Bankruptcy Case No.: 10-50227

Chapter 11 Petition Date: May 28,2010

Court: United States Bankruptcy Court
       District of South Dakota (Western (Rapid City))

Judge: Charles L. Nail, Jr.

Debtor's Counsel: Stan H. Anker, Esq.
                  Anker Law Group, P.C.
                  1301 West Omaha Street, Suite 207
                  Rapid City, SD 57701
                  Tel: (605) 718-7050
                  Fax: (605) 718-0700
                  E-mail: sanker@rushmore.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 filed
together with the petition is available for free at
http://bankrupt.com/misc/sdb10-50227.pdf

The petition was signed by E. Charles (Chuck) Essay, general
manager.


BARDHUL KOSOVRASTI: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Joint Debtors: Bardhul Kosovrasti
               Abibe Kosovrasti
               11528 E Mirasol Circle
               Scottsdale, AZ 85255

Bankruptcy Case No.: 10-16790

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Sarah Sharer Curley

Debtor's Counsel: Dean M. Dinner, Esq.
                  Nussbaum & Gillis
                  14500 N. Northsight Boulevard, Suite 116
                  Scottsdale, AZ 85260-0001
                  Tel: (480) 609-0011
                  E-mail: ddinner@nussbaumgillis.com

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

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.


BEAR STEARNS: $2-Billion BSAM CDO Liquidated After A Default
------------------------------------------------------------
Dow Jones Newswires reports that the assets of a $2.094 billion
collateralized debt obligation created by Bear Stearns Asset
Management was liquidated on Thursday, with underlying assets
selling for prices between 1 cent to 92 cents on the dollar.

"Given the events in markets, prices are holding pretty well,"
said Keith Lind, managing director of asset-backed securities
trading at RBS, according to the report.  He bought some parts of
the deal, including some subprime residential mortgage-backed
securities.

                        About Bear Stearns

New York City-based The Bear Stearns Companies Inc. (NYSE: BSC)
-- http://www.bearstearns.com/-- was a leading financial services
firm serving governments, corporations, institutions and
individuals worldwide.  The investment bank collapsed in 2008 and
was sold in a distressed sale to JPMorgan Chase in a transaction
backed by the U.S. government.

Grand Cayman, Cayman Islands-based Bear Stearns High-Grade
Structured Credit Strategies Enhanced Leverage Master Fund Ltd.
and Bear Stearns High-Grade Structured Credit Strategies Master
Fund Ltd. were open-ended investment companies, which sought high
income and capital appreciation relative to the London Interbank
Offered Rate, and designed for long-term investors.  On July 30,
2007, the Funds filed winding up petitions under the Companies Law
of the Cayman Islands.  Simon Lovell Clayton Whicker and Kristen
Beighton at KPMG were appointed joint liquidators.  The joint
liquidators filed for Chapter 15 petitions before the U.S.
Bankruptcy Court for the Southern District of New York the next
day.  On August 30, 2007, the Honorable Burton R. Lifland denied
the Funds protection under Chapter 15 of the Bankruptcy Code.


BIO-KEY INTERNATIONAL: Posts $1 Million Net Loss for March 31 Qtr
-----------------------------------------------------------------
Bio-Key International Inc. filed its quarterly report on Form 10-
Q, disclosing net income of $1.0 million on $976,175 of total
revenues for the three months ended March 31, 2010, compared with
a net income of $222,049 on $538,194 of total revenues for the
same period a year ago.

The Company's balance sheet at March 31, 2010, showed $6.3 million
in total assets and $1.6 million in total liabilities, for a
stockholders' equity of $1.9 million.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?6399

                           About BIO-key

Wall, N.J.-based BIO-key International, Inc. (OTC BB: BKYI)
-- http://www.bio-key.com/-- develops and markets advanced
fingerprint identification biometric technology and software
solutions.

The Company's balance sheet as of December 31, 2009, showed
$6.1 million in assets, $2.4 million of debts, $2.6 million of
preferred stock, and $1.1 million of stockholders' equity.

CCR LLP, 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 substantial net
losses in recent years and accumulated deficit at December 31,
2009.


BIOJECT MEDICAL: Posts $543,000 Net Loss for March 31 Qtr
---------------------------------------------------------
Bioject Medical Technologies Inc. filed its quarterly report on
Form 10-Q, reporting a net loss of $542,663 on $1.1 million of
total revenue for the three months ended March 31, 2010, compared
with a net loss of $236,710 on $1.9 million of total revenue
during the same period a year ago.

The Company's balance sheet at March 31, 2010, showed $4.4 million
in total assets, $1.8 million in total current liabilities,
$1.2 million in deferred revenue, and $349,139 in other long-term
liabilities, for a $958,514 total shareholders' equity.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?63af

                       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.

                           *     *     *

According to the Troubled Company Reporter on April 8, 2010,
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.


BIOLABS INC: Section 341(a) Meeting Scheduled for June 30
---------------------------------------------------------
The U.S. Trustee for Region 16 will convene a meeting of BioLabs,
Inc.'s creditors on June 30, 2010, at 1:00 p.m.  The meeting will
be held at 411 W Fourth Street, Room 1-159, Santa Ana, CA 92701.

This is the first meeting of creditors required under Section
341(a) of the U.S. 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.

Santa Ana, California-based BioLabs, Inc., filed for Chapter 11
bankruptcy protection on May 19, 2010 (Bankr. C.D. Calif. Case No.
10-16746).  Ron Bender, Esq., who has an office in Los Angeles,
California, assists the Company in its restructuring effort.  The
Company estimated its assets and debts at $50,000,001 to
$100,000,000.

The Company's affiliate, Westcliff Medical Laboratories, Inc.,
filed a separate Chapter 11 petition on May 19, 2010 (Case No. 10-
16743).


BIOPACK ENVIRONMENTAL: Earns $28,966 in Q1 2010
-----------------------------------------------
Biopack Environmental Solutions Inc. filed its quarterly report on
Form 10-Q, reporting net profit of $28,966 on $68,639 of revenue
for the three months ended March 31, 2010, compared with a net
loss of $239,187 on $260,397 of revenue for the same period ended
March 31, 2009.  Results for the three months ended March 31,
2010, included $347,807 of other income "which was primarily due
to over accrued interest expense in previous periods being written
back."

The Company's balance sheet as of March 31, 2010, showed
$2,601,701 in assets, $2,281,175 of liabilities, and $320,526 of
stockholders' equity.

As of March 31, 2010, the Company had an accumulated deficit of
$4,862,967 and a working capital deficit of $1,635,432.

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

               http://researcharchives.com/t/s?63a8

Biopack Environmental Solutions Inc. (OTC BB: BPAC) --
http://www.biopackenvironmental.com/-- manufactures 100%
biodegradable consumer packaging products from locally available
sugar cane waste called bagasse.  The Company is based in Hong
Kong and has with manufacturing facilities in Jiangmen, China.
Distributed under the "Roots Biopack" trademark, Biopack's line of
compostable packaging is sold in 12 European countries, North
America, Hong Kong and Taiwan.  The Company was incorporated on
August 28, 2000, in the state of Nevada under the name "Quadric
Acquisitions".

Wong Lam Leung & Kwok CPA Limited, in Hong Kong, expressed
substantial doubt about the Company's ability to continue as a
going concern after auditing the Company's financial statements
for the year ended December 31, 2009.  The independent auditors
noted that at December 31, 2009, the Company had an accumulated
deficit of $4,891,933 and a working capital deficit of $2,250,368.


BOSQUE POWER: U.S. Trustee Unable to Form Creditors Committee
-------------------------------------------------------------
Charles F. McVay, the U.S. Trustee for Region 7, notified the
U.S. Bankruptcy Court for the Western District of Texas that he
was unable to appoint an official committee of unsecured creditors
in the Chapter 11 cases of Bosque Power Company LLC and Bospower
Development Blocker I Inc.

M. McVay explained that there were insufficient indications of
interest in forming a creditors' committee because no unsecured
creditors attended the creditors meeting held on May 11, 2010.

Laguna Park, Texas-based Bosque Power Company, LLC, owns and
operates a natural gas fired power plant with a capacity of 800
megawatts.  The power-generating facility, located in Laguna Park,
commenced operations as a natural-gas power plant in 2000.  Bosque
sells its energy and ancillary services in the Texas power market.
Bosque Power Partners owns 100% of the membership interest in
Bosque Power.

Bosque Power Company LLC filed for Chapter 11 on March 24, 2010,
(Bankr. W.D. Tex. Case No. 10-60348.)  Henry J. Kaim, Esq. at King
& Spalding LLP assists the Debtor in its restructuring effort. The
Debtor tapped King and Spalding LLP as special finance counsel;
Morgan, Lewis & Bockius LLP as special corporate counsel; and
Greenhill & Co. LLC as financial advisor; and Kurtzman Carson
Consultants LLC as claims agent.  In its petition, the Debtor
listed assets and debts both ranging from $100,000,001 to
$500,000,000.


BROADSTRIPE LLC: Taps DH Capital & El Molino; Plans to Sell Assets
------------------------------------------------------------------
Mike Farrell at Multichannel News reports that Broadstripe
Communications extended its agreement with DH Capital until
Dec. 31, 2010, and hired El Molino Advisors to help improve
operations, reduce costs and dispose of certain assets.

                      About Broadstripe LLC

Headquartered in Chesterfield, Missouri, Broadstripe LLC --
http://www.broadstripe.com/-- provides videos and telephone
services to consumers and business in Maryland, Michigan,
Washington and Oregon.  The Company and five of its affiliates
filed for Chapter 11 protection on January 2, 2009 (Bankr. D. Del.
Lead Case No. 09-10006).  Attorneys at Ashby & Geddes, and Gardere
Wynne Sewell LLP represent the Debtors in their restructuring
efforts.  The Debtors tapped FTI Consulting Inc. as their
restructuring consultant, and Epiq Bankruptcy Consultants LLC as
their claims agent.  In its petition, Broadstripe listed assets
and debts between $100 million and $500 million.


CAMTECH PRECISION: Gets Interim Okay to Use Cash Collateral
-----------------------------------------------------------
Camtech Precision Manufacturing, Inc., et al., sought and obtained
interim authorization from the Hon. Paul G. Hyman of the U.S.
Bankruptcy Court for the U.S. Bankruptcy Court for the Southern
District of Florida to use the cash collateral of Regions Bank.

At the time of the bankruptcy filing, the Debtor owed Regions Bank
approximately $4,182,107, in aggregate.  The total amount owed to
Regions Bank appears to be substantially under-secured by the
Debtors' account receivables of approximately $1,090,000 and
inventory of approximately $2,300,000, as of the filing date.  The
Debtors project that they will receive approximately $607,232 in
accounts receivables per week from May 11, 2010, to May 31, 2010.
Then, from June 1, 2010, and thereafter, the Debtors expect to
receive approximately $985,795 per month in accounts receivable.

Craig I. Kelley, Esq., at Kelley & Fulton, P.A., the attorney for
the Debtors, explains 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/CAMTECH_PRECISION_budget.pdf

In exchange for using the cash collateral, the Debtors propose to
grant Regions Bank replacement liens.  As additional adequate
protection during the pendency of this case and through
confirmation of a Plan of Reorganization, the Debtor will pay to
Regions Bank monthly adequate protection payments in the amount of
$20,910, beginning on June 4, 2010, and continuing on the 4th day
of each month thereafter.

The Court has set a final hearing for June 15, 2010, at
10:00 a.m. on the Debtors' request to use cash collateral.

Jupiter, Florida-based Camtech Precision Manufacturing, Inc.,
filed for Chapter 11 bankruptcy protection on May 10, 2010 (Bankr.
S.D. Fla. Case No. 10-22760).  Craig I Kelley, Esq., who has an
office in West Palm Beach, Florida, assists the Company in its
restructuring effort.  According to the schedules, the Company
says that assets total $10,977,673 while debts total $14,625,066.

The Company's affiliate, R&J National Enterprises, Inc., filed a
separate Chapter 11 petition.


CANFLOR LP: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Canflor, LP
        801 Nolana
        STE 320
        McAllen, TX 78504

Bankruptcy Case No.: 10-70405

Chapter 11 Petition Date: May 28, 2010

Court: United States Bankruptcy Court
       Southern District of Texas (McAllen)

Judge: Richard S. Schmidt

Debtor's Counsel: Dale S. Kasofsky, Esq.
                  Law Office of Mark Cantu
                  1300 N 10th St
                  Ste 400
                  McAllen, TX 78501
                  Tel: (956) 687-8181
                  Fax: (956) 687-8868
                  E-mail: dale@dsklaw.net

Scheduled Assets: $3,534,000

Scheduled Debts: $5,322,536

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

The petition was signed by Mark A. Cantu, president.


CANWEST GLOBAL: FTI Reports Updates on Shaw Transaction, et al.
---------------------------------------------------------------
FTI Consulting Canada Inc., the firm appointed to monitor the
assets of Canwest Global Communications Corp. and its
subsidiaries, filed a report with the Ontario Superior Court of
Justice to provide an update and information about:

  (1) the resolution of various issues with GS Capital Partners
      VI Fund L.P., GSCP VI AA One Holding S.ar.l and GS CP VI
      AA One Parallel Holding S.ar.1 relating to the
      shareholders agreement; and

  (2) certain amendments to the proposed equity investment in
      restructured Canwest Global by Shaw Communications Inc.,
      and to the recapitalization transaction.

FTI Consulting reported that the GS entities, Shaw Communications
and the ad hoc committee of holders of the 8% senior subordinated
notes were able to reach agreement on a framework to resolve all
of the existing and potential litigation and disputes with
respect to the shareholders agreement, the Shaw transaction and
the recapitalization transaction.

As part of the settlement of the litigation and disputes, Shaw
agreed to purchase all of the GS entities' shares in CW
Investments Co. for $700 million and replace them as a party to
the shareholders agreement, according to FTI Consulting's report.

Moreover, Canwest Global and its subsidiaries, Shaw and the ad
hoc committee agreed to amend the agreements relating to the Shaw
transaction.  The amendments require Shaw to purchase the common
shares of restructured Canwest Global, which represent 100%
equity and 100% voting interest in the restructured company.

The amendments to the agreements provide for the allocation of
about US$440 million of the aggregate subscription price to pay
the claims of the 8% noteholders and an additional $38 million to
pay the claims of all affected creditors other than the 8%
noteholders.

Canwest Global, Canwest Media Inc., CW Investments, Shaw and the
GS entities executed a mutual release with respect to the
litigation and disputes.  The GS entities agreed to abandon the
motion for leave to appeal the order approving the agreements
relating to the Shaw transaction.

The Shaw transaction, as amended, is proposed to be implemented
pursuant to the plan, which is intended to allow Canwest Global
and its subsidiaries to continue operating on a going concern
basis, according to FTI Consulting's report.

                     About Canwest Global

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

On October 6, 2009, Canwest Global, Canwest Media Inc., Canwest
Television Limited Partnership (including Global Television,
MovieTime, DejaView and Fox Sports World), The National Post
Company and certain subsidiaries voluntarily entered into, and
successfully obtained an Order from the Ontario Superior Court of
Justice (Commercial Division) commencing proceedings under the
Companies' Creditors Arrangement Act.  The CMI Entities'
commencement of these proceedings was undertaken in furtherance of
a proposed recapitalization transaction that is supported by over
70% of holders of the 8% senior subordinated notes issued by CMI.

On the same day, FTI Consulting Canada Inc., the Court-appointed
Monitor in the CCAA proceedings, sought protection in the United
States Bankruptcy Court under Chapter 15 of the United States
Bankruptcy Code (Bankr. S.D.N.Y. Lead Case No. 09-15994) for
certain of the entities involved in Canwest's television business
that filed for protection under the CCAA, including Canwest,
Canwest Media Inc. and Canwest Global Broadcasting
Inc./Radiodiffusion Canwest Global Inc.

Judge Stuart M. Bernstein presides over the Chapter 15 cases.
Evan D. Flaschen, Esq., at Bracewell & Giuliani LLP, in Hartford,
Connecticut, serves as Chapter 15 Petitioner's counsel.  The
Chapter 15 Debtors disclosed estimated assets of $500 million to
$1 billion and estimated debts of $50 million to $100 million.

In a regulatory filing with the U.S. Securities and Exchange
Commission, Canwest Media disclosed C$4,847,020,000 in total
assets and C$5,826,522,000 in total liabilities at May 31, 2009.

Bankruptcy Creditors' Service, Inc., publishes Canwest Bankruptcy
News.  The newsletter tracks the CCAA proceedings and Chapter 15
proceedings undertaken by Canwest Global Communications Corp. and
its affiliates (http://bankrupt.com/newsstand/or 215/945-7000).


CARE FOUNDATION: Proposes to Pay All Claims from Cash on Hand
-------------------------------------------------------------
Care Foundation of America, Inc., et al., filed with the U.S.
Bankruptcy Court for the Middle District of Tennessee Disclosure
Statement explaining the proposed Chapter 11 Plan, which was
amended for the second time.

According to the Disclosure Statement, the Debtors proposes to
pay, in full, the (a) Class 1 -- Secured Claim of NHI, (b) Class 2
-- Other Secured Claims, (c) Class 3 -- Administrative Convenience
Claims, (d) Class 4 -- General Unsecured Claims, (e) Class 5 --
Tort Claims, and (f) Class 6 -- Tenant Claims.

The Debtors intends to pay the claims from the sale of the
facilities to NHI, cash on hand.  The Debtors estimate they will
have approximately $43,000,000 in cash as of the effective date of
the Plan.

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

The Debtors are represented by:

     Waller Lansden Dortch & Davis, LLP
     David E. Lemke, Esq.
     Nashville City Center
     511 Union Street, Suite 2700
     Nashville, Tennessee 37219
     Tel: (615) 244-6380

                  About Care Foundation of America

Based in Nashville, Tennessee, Care Foundation of America, Inc.,
is a nonprofit corporation.  Care Foundation and its affiliates
each own certain real estate, improvements, and fixtures in the
Tampa Bay, Florida that each one in turn leases to Health Services
Management, Inc., and its wholly owned subsidiaries for use as a
skilled nurning facility.

The facilities are known as Ayers Health & Rehabilitation Center,
Brooksville Healthcare Center, Bear Creek Nursing Center, Heather
Hill Healthcare Center, Royal Oak Nursing Center, and as Cypress
Cove Care Center.  The Company and five affiliates filed separate
petitions for Chapter 11 relief on December 31, 2008 (Bankr. M.D.
Tenn. Lead Case No. 08-12367).

David E. Lemke, Esq., at Waller Landsden Dortch & Davis,
represents the Debtors as counsel.  When the Debtors filed for
protection from their creditors, they listed total assets of
between $50,000,000 and $100,000,000, and total debts of between
$1,000,00 and $10,000,000.


CAROLINA PARK: Secured Creditor Wants Case Dismissed
----------------------------------------------------
Palmetto Debt Holding Group, LLC, a secured creditor of Carolina
Park Associates, LLC, has asked the U.S. Bankruptcy Court for the
District of South Carolina to dismiss the Debtor's bankruptcy
case.

Palmetto Debt says that it is informed and believes that MDC of
Charleston, LLC -- which holds a 50% interest in the Debtor -- did
not and will not consent to the filing of the Chapter 11 petition
by Republic-Charleston, LLC, which holds a 50% interest in the
Debtor and is the Debtor's managing member.

According to Palmetto Debt, Republic requested that MDC consent to
the filing of the petition, but MDC refused to consent.  Palmetto
Debt says that Republic then threatened legal claims against MDC
for its refusal to consent to the petitions, and through the
threat of legal action, Republic extracted a contractual
obligation that MDC would not contest the filing of the Chapter 11
petition.

Palmetto Debt is represented by Haynsworth Sinkler Boyd, P.A.

Fairfax, Virginia-based Carolina Park Associates, LLC, a Delaware
LLC, filed for Chapter 11 bankruptcy protection on May 17, 2010
(Bankr. D. S.C. Case No. 10-03524).  The Company listed
$100,000,001 to $500,000,000 in assets and $10,000,001 to
$50,000,000 in liabilities.


CARRIBEAN CARRIER: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Carribean Carrier Holding Panama, Inc.
        249 Concordia St.
        P.O. Box 3251
        Mayaguez, PR 00680

Bankruptcy Case No.: 10-04642

Chapter 11 Petition Date: May 28, 2010

Court: United States Bankruptcy Court
       District of Puerto Rico (Ponce)

Debtor's Counsel: Fausto D. Godreau Zayas, Esq.
                  P.O. Box 9022512
                  San Juan, PR 00902-2512
                  E-mail: dgodreau@LBRGlaw.com

Scheduled Assets: $1,920,740

Scheduled Debts: $13,093,363

A list of the Company's 20 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/prb10-04642.pdf

The petition was signed by Nestor Gonzalez Romero, president.


CASINO REA: Section 341(a) Meeting Scheduled for July 15
--------------------------------------------------------
The U.S. Trustee for Region 16 will convene a meeting of Casino
REA Corporation's creditors on July 15, 2010, at 11:00 a.m.  The
meeting will be held at 128 E Carrillo Street, Santa Barbara, CA
93101.

This is the first meeting of creditors required under Section
341(a) of the U.S. 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.

Moorpark, California-based Casino REA Corporation, dba Casino Self
Storage, filed for Chapter 11 bankruptcy protection on May 20,
2010 (Bankr. C.D. Calif. Case No. 10-12502).  Thomas J. Polis,
Esq., at Polis & Associates, APLC, assists the Company in its
restructuring effort.  According to its schedules, the Company
listed $10,089,984 in assets and $11,516,395 in liabilities.


CATHOLIC CHURCH: Creditors Committee Has OK for Morgan Lewis
------------------------------------------------------------
Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware authorized the Official Committee of
Unsecured Creditors of the Catholic Diocese of Wilmington, Inc.,
to retain Morgan, Lewis & Bockius LLP as its special insurance
counsel, nunc pro tunc to March 4, 2010.

The Court previously approved the application on an interim basis.
The Diocese has objected to the application disagreeing that it is
necessary or appropriate at this stage of the bankruptcy
proceedings.  The Diocese also has concerns regarding the expenses
of the professionals in the case.

To address the Diocese's concerns, Judge Sontchi ruled that Morgan
Lewis will be entitled to allowance of compensation and
reimbursement of expenses, upon the filing and approval of interim
and final fee applications, provided that the firm's fees from
March 4, 2010, through August 4, 2010, will be capped at $180,000
plus expenses.

The Court will retain jurisdiction with respect to all matters
arising from or related to the implementation of the order,
including the adjustment of the $180,000 fee cap for services
provided after August 4, 2010.

                  About the Diocese of Wilmington

The Diocese of Wilmington covers Delaware and the Eastern Shore of
Maryland and serves about 230,000 Catholics.  The Delaware diocese
is the seventh Roman Catholic diocese to file for Chapter 11
protection to deal with lawsuits for sexual abuse.  Previous
filings were by the dioceses in Spokane, Washington; Portland,
Oregon; Tucson, Arizona; Davenport, Iowa, Fairbanks, Alaska; and
San Diego, California.

The bankruptcy filing automatically stayed eight consecutive abuse
trials scheduled in Delaware scheduled to begin October 19.  There
are 131 cases filed against the Diocese, with 30 scheduled for
trial.

The Diocese filed for Chapter 11 on Oct. 18, 2009 (Bankr. D. Del.
Case No. 09-13560).  Attorneys at Young Conaway Stargatt & Taylor,
LLP, serve as counsel to the Diocese.  The Ramaekers Group, LLC is
the financial advisor.  The petition says assets range $50,000,001
to $100,000,000 while debts are between $100,000,001 to
$500,000,000. (Catholic Church Bankruptcy News; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


CATHOLIC CHURCH: Creditors Committee Wants Lay Panel Disbanded
--------------------------------------------------------------
The Official Committee of Unsecured Creditors of the Catholic
Diocese of Wilmington, Inc., asks the U.S. Bankruptcy Court for
the District of Delaware to rescind the appointment of the
Official Committee of Lay Employees.

The Court should rescind the appointment of the Employee Committee
because the Employee Committee is not necessary to the adequate
representation of participants in the multi-employer Lay Employee
Pension Plan, Laura Davis Jones, Esq., at Pachulski Stang Ziehl &
Jones LLP, in Wilmington, Delaware -- ljones@pszjlaw.com -- tells
Judge Sontchi.

The Creditors Committee is not being hostile to the employees of
the Diocese, Ms. Jones avers.  Rather, she insists, the Creditors
Committee simply finds the Employee Committee to be unnecessary to
the reorganization process.  She contends that the Creditors
Committee fully expects that the Pension Plan will survive
unimpaired and that employee pension obligations will be paid.
She assures the Court that this was the result in the other
diocesan cases and the Creditors Committee expects that "such a
result will be obtained in this case as well."

Creditors' interests are entitled to representation through a
creditors committee, Ms. Jones relates.  However, she alleges, at
least one of the members of the Employee Committee definitely is
not even an employee of the Diocese.  She reveals that some
members of the Employee Committee are employees of parishes or
other affiliated entities.

Despite the unwarranted innuendo of those behind the formation of
the Employee Committee that the Creditors Committee is subservient
to survivors' interests, the Creditors Committee has fulfilled its
fiduciary duty to represent the interests of all creditors, Ms.
Jones contends.  She points out that the Creditors Committee has
balanced its representation of creditor interests with the
Diocese's ability to operate in the ordinary course of business.

Ms. Jones further contends, among other things, that the Employee
Committee is not necessary for the representation of the alleged
claims of employees and retired employees.  She points out that in
considering the request, the Court should consider the same
factors that would be relevant to whether the Court should appoint
a committee, and in this case, those factors are:

  (1) the nature of the case;

  (2) the standing and desires of the various constituencies;

  (3) the ability for creditors to participate in the cases
      without an official committee and the potential to recover
      expenses pursuant to Section 503(b) of the Bankruptcy
      Code;

  (4) whether different classes need representation;

  (5) the motivation of movants;

  (6) the costs incurred by the appointment of additional
      committees;

  (7) the tasks that a committee or separate committee is to
      perform; and

  (8) the ability of the committee to function.

The Unofficial Committee of 91 State Court Abuse Survivors joins
in and supports the Creditors Committee's request.  In addition,
the Unofficial Committee alleges, among other things, that members
of the Employee Committee may be witnesses to or otherwise
involved in the Diocese's "cover-up" of clergy abuse.

In a separate filing, the Creditors Committee withdraws without
prejudice an Exhibit C to the request, which exhibit contains a
proof of claim filed by an employee creditor.

The Court will convene a hearing on June 1, 2010, to consider the
request.

           Catholic Charities Wants Joinder Stricken

Catholic Charities, Inc., asks the Court to strike the Unofficial
Committee's joinder to the Creditors Committee's request to
disband.

Stephen E. Jenkins, Esq., at Ashby & Geddes, in Wilmington,
Delaware -- sjenkins@ashby-geddes.com -- tells Judge Sontchi that
the Catholic Charities takes no position on the underlying motion.
He asserts that whether a lay employees' committee should be
organized is not an issue in which Catholic Charities has a stake.

Catholic Charities, however, does have a stake in its good name
and reputation, which the Joinder deliberately smears through the
use of accusations that are both false and reckless, Mr. Jenkins
argues.  He contends that if the drafters of the Joinder had
actually read the deposition snippets they provided to the Court,
they would have known that their allegations were false.  He
insists that their failure to do so is inexcusable, and thus, the
Joinder should be stricken.

The thesis of the Joinder is that employees of various Diocesan
agencies participated in a cover up of sexual abuse, Mr. Jenkins
contends.  Mr. Jenkins asserts that the Joinder starts
unpromisingly, claiming that Msgr. J. Thomas Cini admitted in a
memo that the "Diocese engaged in a decades-long 'cover up' of
priest sexual abuse."  But a look at the memo cited by the Joinder
shows that it fundamentally mischaracterizes Msgr. Cini's
statements, Mr. Jenkins argues.

Catholic Charities is entitled to protection from the recklessly
false and scandalous statements contained in the Joinder under
Section 107 of the Bankruptcy Code and Rule 12(f) of the Federal
Rules of Civil Procedure, Mr. Jenkins asserts.  Indeed, he
insists, the injection of derogatory and false allegations into a
joinder to a motion of this nature is both prejudicial and
irrelevant to the resolution of the pertinent issues before the
Court, and appears to be yet another attempt to introduce
scandalous statements to the press, which has been closely
following the developments of this bankruptcy.

                Unofficial Committee Talks Back

The Unofficial Committee contends that the Catholic Charities'
Motion to Strike is baseless.

Thomas S. Neuberger, Esq., at The Neuberger Firm, P.A., in
Wilmington, Delaware, relates that Catholic Charities accuses that
the Joinder is defamatory.  Yet, he argues, Catholic Charities
forgets that truth is a complete defense to a charge of
defamation, citing DeBonaventura v. Nationwide Mut. Ins. Co., 428
A.2d 1151, 1155 (Del. 1981).  Accordingly, he says, because the
statements contained within the Joinder are true, Catholic
Charities' claims of defamation and falsehood are entirely without
merit.

Mr. Neuberger contends that review of the plain text of Msgr.
Cini's memo itself reveals the accuracy of the fact that the
Diocese covered up the sexual abuse of children by its priests.
He adds, among other things, that Catholic Charities' charges of
defamation are without merit and betray a fundamental ignorance of
the extensive factual record discovered and litigated over the
last several years in the state court litigation of which even the
Diocese is begrudgingly well aware.

There is nothing defamatory or improperly scandalous about the
Unofficial Committee's papers, Mr. Neuberger argues.  Instead, he
says, they explain and give specific reasons based upon a well
known factual record as to why the Employee Committee should be
disbanded.

              Motion to Strike Should be Granted,
                   Catholic Charities Insist

"Generally speaking, when you have dug yourself into a hole the
first step towards getting out is to stop digging," Mr. Jenkins
says in reply to the Unofficial Committee's objection to the
Motion to Strike.  He contends that the "so-called 'Unofficial
Committee,' however, appears determined to ignore that well-known
advice."

Instead, Mr. Jenkins argues, in its opposition, the Unofficial
Committee has redoubled its digging, splattering mud far and wide
without regard to whom it hits.  The Opposition, he alleges, like
the Joinder before it, is an improper pleading that goes far
beyond the bounds of legitimate advocacy and recklessly defames
people, who have done nothing to deserve that treatment.  Hence,
he avers, the Opposition should be stricken too.

"The Opposition contains only the slightest recognition that
zealous advocacy does not mean one is permitted to slander
bystanders to a dispute or that one needs actual evidence before
leveling serious charges," Mr. Jenkins further argues.  "Instead,
good people are defamed for what, at the best, could be only a
momentary advantage," he adds, among other things.

Catholic Charities, therefore, asks the Court to grant its Motion
to Strike, and asks that the Opposition be included within the
materials to be stricken as well.

                  About the Diocese of Wilmington

The Diocese of Wilmington covers Delaware and the Eastern Shore of
Maryland and serves about 230,000 Catholics.  The Delaware diocese
is the seventh Roman Catholic diocese to file for Chapter 11
protection to deal with lawsuits for sexual abuse.  Previous
filings were by the dioceses in Spokane, Washington; Portland,
Oregon; Tucson, Arizona; Davenport, Iowa, Fairbanks, Alaska; and
San Diego, California.

The bankruptcy filing automatically stayed eight consecutive abuse
trials scheduled in Delaware scheduled to begin October 19.  There
are 131 cases filed against the Diocese, with 30 scheduled for
trial.

The Diocese filed for Chapter 11 on Oct. 18, 2009 (Bankr. D. Del.
Case No. 09-13560).  Attorneys at Young Conaway Stargatt & Taylor,
LLP, serve as counsel to the Diocese.  The Ramaekers Group, LLC is
the financial advisor.  The petition says assets range $50,000,001
to $100,000,000 while debts are between $100,000,001 to
$500,000,000. (Catholic Church Bankruptcy News; Bankruptcy
Creditors' Service, Inc., http://bankrupt.com/newsstand/or
215/945-7000).


CATHOLIC CHURCH: Davenport Has 2nd Report on Undertakings
---------------------------------------------------------
The Diocese of Davenport said in May it is in full compliance with
the Non-Monetary Undertakings and is in conformity with the U.S.
Bankruptcy Court's order dated June 26, 2008.  The Diocese filed
the second annual report to the U.S. Bankruptcy Court on May 3,
2010.

As part of the $37 million settlement reached in May 2008 with
survivors of clergy sexual abuse, the Diocese was required to
submit a report in each of the three years following the
settlement concerning non-monetary commitments.  Both sides in the
bankruptcy case are continuing to clarify issues concerning the
2009 annual report, especially concerning the posting of the names
of all clergy, living or dead, who were credibly accused of sexual
abuse of a minor.  Disagreement exists about whether certain
priests have been credibly accused.

The full report is available on the Diocesan Web site:

                 http://www.davenportdiocese.org

The Diocese has completed all ongoing investigations concerning
allegations of abuse.  The names of those abusers credibly shown
to have committed abuse have been publicly released and published
on the Diocesan website.  No new reports of abuse have been
submitted since the last report.  One investigation has been
reopened at the request of a survivor concerning a deceased
priest.  The Diocesan Review Board and James Sweeney, a special
investigator appointed by the bankruptcy court, are investigating
the matter.  Any future reports of abuse will be promptly
submitted to law enforcement authorities.

Bishop Amos has visited and conducted atonement services at each
of the 54 parishes where abuse occurred or where an abuser served.
The visits were completed on June 13, 2009.  At the atonement
services the Bishop identified the abuser(s) who served in the
parish and encouraged all abuse survivors to report abuse to local
law enforcement authorities, to the Diocesan victim assistance
coordinator, to healthcare professionals or to other trusted
persons.  The Bishop invited the known survivors in each parish to
attend the service and provided time for a forum and discussion to
address parishioner questions and comments.  In addition, "allowed
tort claimants", other than persons with allowed convenience
claims, were allowed to speak publically at a mutually agreed time
in the parish where they were abused.  No requests to speak have
been received.  The Catholic Messenger offered to make space for
"allowed tort claimants", other than persons with allowed
convenience claims to publish stories of their abuse.  No requests
have been made.

The Diocese has published and will continue to publish contact
information for the Diocese's Victim Assistance Coordinator in
parish bulletins and The Catholic Messenger.  The Diocese also
continues to encourage abuse survivors to contact healthcare
professionals for assistance in finding needed mental health or
counseling and urges abused persons to report any abuse through
notices in The Catholic Messenger.

Bishop Amos publicly supports the complete elimination of all
criminal statutes of limitation for child sexual abuse committed
by clergy or others in a position of authority.  During the past
year the Bishop met with the Iowa Catholic Conference on October
21-22, 2009, and with a group of legislators in Des Moines on
February 2, 2010, to urge the passage of a bill regarding the
elimination of the criminal statute of limitations for child
sexual abuse committed by clergy or others in a position of
authority.

The Bishop personally sent two additional letters of apology to
survivors as requested.  The letters of apology state that the
survivor was not at fault for the abuse and that the Diocese takes
full responsibility for the abuse.  The letters were personally
signed by the bishop and all members of the Diocese's Board of
Directors.  One woman met with Bishop Amos to share her story.
The Bishop said he was moved by it.  "It certainly affected me and
I certainly hope it brought some healing to her," he said.  The
Bishop is available to meet with any survivor who requests it.

All prior confidentiality agreements with survivors were
terminated as of June 9, 2008 with respect to the names of abusers
and church knowledge of abuse.  Diocesan policies regarding
confidentiality agreements have been in effect since January 2008.

The Diocesan victim assistance coordinator (a licensed social
worker) continues to provide an outreach program for the survivors
of abuse.  Notices regarding outreach programs are published
regularly in The Catholic Messenger.  An ongoing program to
provide a safe environment for children includes training to
identify abuse and mandates background checks for all persons in
contact with children.  A "whistle blower" policy has been in
effect since May, 2008.

The Bishop and all priests working within the Diocese have been
required to sign a written statement that they have not sexually
abused any minor at any time and have no knowledge that any other
priest or employee of the Diocese has abused any person or
knowledge that any abuse has been reported to law enforcement and
the county attorney and the victims assistance coordinator.  Each
statement was signed and dated under penalty of perjury and copies
of the signed and dated statements are retained in each priest's
personnel file in perpetuity.  A plaque has been placed at each
school stating that the abuse of the spiritual, emotional, and
moral development of young men and women shall not be tolerated.

On June 6, 2008, the Diocese made a full written report to the
apostolic nuncio for appropriate action with respect to Bishop
Soens.  In addition, five earlier reports were made to the
apostolic nuncio concerning Bishop Soens.

                    Additional Information:

For the fiscal year to date, the Diocese has spent $47,867 on
assistance to survivors of abuse.  For the fiscal year ending
June 30, 2009, a total of 17,489 individuals had been trained in
safe environment programs for the protection of children.  Nearly
14,000 of those individuals were children.  The Diocese spent
$22,133 for all child protection efforts for the calendar year
2009.

The six-member Diocesan Review Board functions as a confidential
consultative body for the Bishop that advises him in the
assessment of allegations of sexual abuse of minors, the
suitability for ministry; reviewing policies and procedures
dealing with sexual abuse of minors; and offering advice on all
aspects of responses required in connection with these cases.

    The members of the Diocesan Review Board are:

    * The Honorable Clarence Darrow: partner in the law firm of
      Law Offices of Clarence Darrow; Illinois circuit judge
      with jurisdiction over civil and criminal cases 1986-1996;
      Illinois Senate and House of Representatives for 11 years;
      assistant state's attorney in Rock Island County for four
      years; psychiatric social worker from 1966-1971 in group,
      marital and family counseling as well as a child abuse
      investigator/court liaison.

    * Catherine Fouts: past president of the Diocesan Board of
      Education and vice president of the Newton Community
      School District Board of Education.

    * Bernard Hardiek: retired past-president of the Worldwide
      Agricultural Equipment Division; Internal Revenue Service
      for 16 years as field audit branch chief, chief of the
      appeals office and assistant regional commissioner,
      appeals, in Chicago.

    * Msgr. James Parizek, JCL: promoter of justice for the
      Diocese of Davenport and pastor of Our Lady of Victory
      parish, Davenport; past assistant chancellor and Diocesan
      judicial vicar.

    * Chris McCormick Pries, ARNP: associate director for
      research, evaluation and community relations with Vera
      French Community Mental Health Center in Davenport;
      advanced registered nurse practitioner, holding
      certification as a clinical nurse specialist in child and
      adolescent psychiatric and mental health nursing from the
      American Nurses Association; and earlier held positions of
      assistant director for quality assurance, coordinator of
      adolescent outpatient services, chief of nursing services,
      psychiatric nurse on the child/adolescent team, and
      consultant on the consultation team.

    * Very Rev. Anthony Herald, VF : pastor of Jesus Christ
      Prince of Peace parish, Clinton and dean of the Clinton
      Deanery.

                 To report child sexual abuse

    Contact the Iowa Department of Human Services
    Child Abuse Hotline: 800-362-2178

If the abuse involves clergy or church personnel, also notify:

    Alicia Owens, Victim Assistance Coordinator: 563-349-5002
    PO Box 232 Bettendorf, IA
    52722-0004
    vacdav@attglobal.net

                Abuse Survivors' support group

The Diocese of Davenport is offering a support group for adult
survivors of sex abuse as children.  If you are interested
in learning more about the support group, contact Alicia Owens,
Victim Assistance Coordinator: 563-349-5002.

                   Protecting God's Children

Sessions are open to all adults in the Diocese of Davenport and
are mandated for all employees and those volunteers who work on a
regular basis with children.  To schedule a session, contact your
deanery facilitator listed on the diocesan Web site,
http://www.davenportdiocese.org. To pre-register for a session,
go to http://www.virtus.organd click on "registration."

A copy of the Report that was submitted to the Court can be
obtained for free at:

http://bankrupt.com/misc/Davenport_NonMonetaryReport_050310.pdf

                    About Diocese of Davenport

The Diocese of Davenport in Iowa filed for chapter 11 protection
(Bankr. S.D. Ia. Case No. 06-02229) on Oct. 10, 2006.  Richard A.
Davidson, Esq., at Lane & Waterman LLP, represents the Davenport
Diocese in its restructuring efforts.  Hamid R. Rafatjoo, Esq.,
and Gillian M. Brown, Esq., at Pachulski Stang Zhiel Young Jones &
Weintraub LLP represent the Official Committee of Unsecured
Creditors.  In its schedules of assets and liabilities, the
Davenport Diocese reported $4,492,809 in assets and $1,650,439 in
liabilities.  The Court approved on April 3, 2008, the Diocese of
Davenport's second amended disclosure statement explaining its
joint plan of reorganization.  The Committee is a proponent to the
plan, which was confirmed on April 30, 2008.  (Catholic Church
Bankruptcy News; Bankruptcy Creditors' Service Inc.;
http://bankrupt.com/newsstand/or 215/945-7000).


CATHOLIC CHURCH: Unaatuq Closes Purchase of Pilgrim Springs
-----------------------------------------------------------
Pursuant to a stipulated order signed by Judge MacDonald, the
closing of the sale of the Pilgrim Springs Property was extended
from April 30, 2010, to May 17, 2010.

The Pilgrim Springs Property was sold to Unaatuq LLC for
$1.9 million under Sections 1123, 363(b) and 363(f) of the
Bankruptcy
Code.

The parties inform the Court that they have fully executed all
closing documents and have funded the purchase.  They, however,
learned that the title insurance company will not insure title to
the Property until the 14-day appeal deadline has run on the
Court's sale order.

                 About the Diocese of Fairbanks

The Roman Catholic Diocese of Fairbanks in Alaska, aka Catholic
Bishop of Northern Alaska, aka Catholic Diocese of Fairbanks, aka
The Diocese of Fairbanks, aka CBNA -- http://www.cbna.info/--
filed for Chapter 11 bankruptcy on March 1, 2008 (Bankr. D. Alaska
Case No. 08-00110).  Susan G. Boswell, Esq., at Quarles & Brady
LLP represents the Debtor in its restructuring efforts.  Michael
R. Mills, Esq., of Dorsey & Whitney LLP serves as the Debtor's
local counsel and Cook, Schuhmann & Groseclose Inc. as its special
counsel.  Judge Donald MacDonald, IV, of the United States
Bankruptcy Court for the District of Alaska presides over
Fairbanks' Chapter 11 case.  The Debtor's schedules show total
assets of $13,316,864 and total liabilities of $1,838,719.

The church's plans to file its bankruptcy plan and disclosure
statement on July 15, 2008.  Its exclusive plan filing period
expires on January 15, 2009.  (Catholic Church Bankruptcy News;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


CELEBRITY RESORTS: Hearing on Dismissal/Conversion Set for July 21
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of Florida will
consider at a hearing on July 21, 2010, at 1:00 p.m., the motion
to dismiss or convert the Chapter 11 cases of Celebrity Resorts,
LLC, et al., to on under Chapter 7 of the Bankruptcy Code.
Objections, are due on July 16.

As reported in the Troubled Company Reporter on April 26, 2010,
secured creditor, Farmington Bank, sought for the dismissal or,
conversion of the case because of no reasonable likelihood of
rehabilitation.

Neil Meyers sought for the dismissal of the Debtors' case because
the Chapter 11 was filed without proper authority.

Neil Meyers also asks the Court to remove Jared Meye0rs as person
in control of the Debtor entities during the Chapter 11 case, and
replace Jared Meyers with Neil Meyers.

Orlando, Florida-based Celebrity Resorts, LLC, filed for Chapter
11 bankruptcy protection on March 5, 2010 (Bankr. M.D. Fla. Case
No. 10-03550).  R Scott Shuker, at Latham Shuker Eden & Beaudine
LLP, assists the Company in its restructuring effort.  The Company
estimated its assets and debts at $10,000,001 to $50,000,000.


CENTAUR LLC: Creditors Have Until June 30 to File Proofs of Claim
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware has
established June 30, 2010, at 4:00 p.m., Eastern Time, as the
deadline for any individual or entity to file proofs of claim
against Centaur, LLC.

The proofs of claim must be filed with the Court-appointed claims
agent, AlixPartners, LLP:

     Centaur,LLC et al.
     c/o AlixPartners, LLP
     2101 Cedar Springs Road, Suite 1100
     Dallas, TX 75201

with a copy sent to:

     White & Case LLP
     Attn: Lane E. Begy, Esq.
     Wachovia Financial Center
     200 South Biscayne Boulevard, 49th Floor
     Miami, FL 33131

Indianapolis, Indiana-based, Centaur, LLC, aka Centaur Indiana,
LLC -- http://www.centaurgaming.net/-- is an company involved in
the development and operation of entertainment venues focused on
horse racing and gaming.

The Company filed for Chapter 11 bankruptcy protection on March 6,
2010 (Bankr. D. Delaware Case No. 10-10799).  Jeffrey M. Schlerf,
Esq., at Fox Rothschild LLP, assists the Company in its
restructuring effort.  The Company estimated its assets and debts
at $500,000,001 to $1,000,000,000 as of the Petition Date.


CHANTICLEER HOLDINGS: Posts $266,164 Net Loss in Q1 2010
--------------------------------------------------------
Chanticleer Holdings, Inc., filed its quarterly report on Form
10-Q, reporting a net loss of $266,164 on $28,333 of revenue for
the three months ended March 31, 2010, compared with a net loss of
$437,285 on $103,417 of revenue for the same period ended
March 31, 2009.

The Company's balance sheet as of March 31, 2010, showed
$1,482,074 in assets, $1,025,192 of liabilities, and $456,882 of
stockholders' equity.  At March 31, 2010, the Company had a
working capital deficit of $569,406.

Creason & Associates, P.L.L.C., in Tulsa, Okla., expressed
substantial doubt about the Company's ability to continue as a
going concern after auditing the Company's financial statements
for the year ended December 31, 2009.  The independent auditors
noted that the Company has planned expansion of business for 2010
which will require substantial financing.  "In addition, the
Company has incurred substantial net losses and negative cash
flows from operations for the past two years, along with negative
working capital.  There can be no assurance that the Company will
be able to obtain sufficient funding to complete its business
expansion plan or will have sufficient revenues to fund its
operations and commitments."

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

               http://researcharchives.com/t/s?63a7

Charlotte, N.C.-based Chanticleer Holdings, Inc. (OTC BB: CCLR)
-- http://www.chanticleerholdings.com/-- is a publicly traded
holding company.  It operates two wholly-owned operating
subsidiaries: Chanticleer Advisors, an investment manager; and
Avenel Ventures, a consulting firm.  Additionally, the company
owns several minority investments in private companies, including
an interest in a convertible note into Hooters of America, Inc.
Chanticleer Holdings, Inc. was formed in 2005 as a business
development company.  In 2008 the Company's shareholders elected
to convert to an operating holding company.


CHENIERE ENERGY: Closes Sale of Freeport Stake to ZHA FLNG
----------------------------------------------------------
Cheniere Energy Inc. closed the sale of its 30% limited partner
interest in Freeport LNG Development L.P. for net proceeds of
approximately $104 million to ZHA FLNG Purchaser LLC, an entity
formed by Zachry American Infrastructure LLC and Hastings Funds
Management (USA) Inc. on behalf of institutional investors.

Cheniere Energy, Inc. (NYSE Amex: LNG) -- http://www.cheniere.com/
-- is a Houston-based energy company primarily engaged in LNG
related businesses, and owns and operates the Sabine Pass LNG
receiving terminal and Creole Trail pipeline in Louisiana.
Cheniere is pursuing related business opportunities both upstream
and downstream of the Sabine Pass LNG receiving terminal.
Cheniere is also the founder and holds a 30% limited partner
interest in another LNG receiving terminal.

At March 31, 2010, the Company had total assets of $2,736,643,000
against total current liabilities of $92,018,000; long-term debt,
net of discount of $2,694,013,000; long-term debt-related parties,
net of discount of $361,008,000; deferred revenue of $32,500,000;
other non-current liabilities of $25,793,000; and non-controlling
interest of $210,525,000; resulting in total deficit of
$468,689,000.


CHIDI UKAEGBU: Case Summary & 8 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Chidi Edwin Ukaegbu
        723 Underwood Street, NW
        Washington, DC 20012

Bankruptcy Case No.: 10-00512

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       District of Columbia (Washington, D.C.)

Judge: S. Martin Teel, Jr.

Debtor's Counsel: Rowena Nicole Nelson, Esq.
                  Law Office of Rowena N. Nelson & Asso.
                  1801 McCormick Drive, Suite 150
                  Largo, MD 20774
                  Tel: (301) 358-3349
                  E-mail: rowena.nelson@rnnlawmd.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
$1,460,060 while debts total $1,197,542.

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/dcb10-00512.pdf

The petition was signed by the Debtor.


CIERRA CONSTRUCTION: Case Summary & Largest Unsecured Creditor
--------------------------------------------------------------
Debtor: Cierra Construction, LP
        P. O. Box 672
        Conroe, TX 77305-0672

Bankruptcy Case No.: 10-34349

Chapter 11 Petition Date: May 27, 2010

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Letitia Z. Paul

Debtor's Counsel: J. Craig Cowgill, Esq.
                  8100 Washington
                  Suite 120
                  Houston, TX 77007
                  Tel: (713) 956-0254
                  Fax: (713) 956-6284
                  E-mail: jccowgill@cowgillholmes.com

Estimated Assets: $0 to $50,000

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

In its list of 20 largest unsecured creditors, the Company placed
only one entry:

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
Woodforest National Bank                         $503,791
3101 W Davis St
Conroe, TX 77304-2037

The petition was signed by Spring Celebration, LLC, general
partner.


CITIGROUP INC: CitiFinancial Reorganizes US Franchise
-----------------------------------------------------
Baltimore, Maryland-based CitiFinancial, the consumer finance arm
of Citigroup, on June 1, 2010, unveiled plans to reorganize its
North American business to better serve its customers and
announced plans to re-name its franchise.  As part of the plan,
CitiFinancial is separating its US business into two segments:
CitiFinancial's Full Service Branches and CitiFinancial Servicing.

Each segment will leverage the local, community based approach
that has long been the foundation of CitiFinancial's unique
business model.  CitiFinancial will retain a presence in each of
the 48 states it serves today.  The strategy is expected to enable
CitiFinancial to expand lending in line with consumer demand and
preserve its ability to help future borrowers.

The Full Service Branches will continue to focus on originations
and servicing of Personal, Refinance, and Home Equity loans
through a streamlined branch network that provides the breadth of
service CitiFinancial customers have come to expect.

CitiFinancial Servicing will focus on providing specialized
service to customers who would benefit from expanded support
including loan modifications or restructurings.  The CitiFinancial
Servicing model will include larger offices with extended hours of
operation and expanded management support and will be located in
the communities they currently serve.

Vikram Pandit, Chief Executive Officer of Citi, said,
"CitiFinancial is an important business and a great franchise with
a long history of keeping credit flowing in America.  We believe
this segmentation will allow the community-based lender to better
serve its customers across the United States."

Mary McDowell, Chief Executive Officer of CitiFinancial, said,
"This reorganization will enable CitiFinancial to continue lending
to US consumers while better serving its customers in need. In
addition, through CitiFinancial Servicing, we'll be better
equipped to help customers stay current on their loans and achieve
their financial goals in today's challenging economic
environment."

                          New Brand Name

CitiFinancial also announced its intention to re-name its business
after the segmentation is complete.  The name will embrace
CitiFinancial's commitment to its customers and reflect the
strength of its franchise.  The new brand name is expected to be
unveiled by the end of this year.

                           *     *     *

According to Matthias Rieker at Dow Jones Newswires, Citigroup is
positioning CitiFinancial to grow -- and thus to be sold more
easily.  According to Dow Jones, Mary McDowell, the chief
executive of CitiFinancial North America, said CitiFinancial might
be sold more easily without the loan-servicing segment, with will
have 35% of CitiFinancial's customers and 182 of its 1,833 U.S.
branches.  Dow Jones also relates CitFinancial will close 320
branches.  The moves could eliminate 500 to 600 jobs.

According to Dow Jones, when a sale of CitiFinancial will occur is
unclear.  "We've had a lot of interest," Ms. McDowell said,
according to Dow Jones.  She wouldn't elaborate which potential
buyers expressed interest, Dow Jones says.

                        About CitiFinancial

CitiFinancial is part of Citi Holdings, formed in 2009, which
includes businesses and assets that are non-core to Citi.  Citi
remains focused on tightly managing risks and losses within Citi
Holdings, while reducing assets in an economically rational
manner.  Citi will continue to pursue divestiture and asset
reduction opportunities in a way that is in the best interest of
all of stakeholders, with the combined benefits of simplifying the
organization and allowing Citi to allocate capital to fund its
longer-term strategic businesses.

                          About Citigroup

Based in New York, Citigroup Inc. (NYSE: C) -- is a global
diversified financial services holding company whose businesses
provide a broad range of financial services to consumer and
corporate customers.  Citigroup has roughly 200 million customer
accounts and does business in more than 140 countries.
Citigroup's businesses are aligned in three reporting segments:
(i) Citicorp, which consists of Regional Consumer Banking (in
North America, EMEA, Asia, and Latin America) and the
Institutional Clients Group (Securities and Banking, including the
Private Bank, and Transaction Services); (ii) Citi Holdings, which
consists of Brokerage and Asset Management, Local Consumer
Lending, and a Special Asset Pool; and (iii) Corporate/Other.

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

Citigroup, the third-biggest U.S. bank, received $45 billion in
bailout aid.  Other bailed-out banks, including Bank of America
Corp., Wells Fargo & Co., have pledged to repay TARP money.
JPMorgan Chase & Co., Goldman Sachs Group Inc. and Morgan Stanley,
repaid TARP funds in June.  Citigroup is selling assets to repay
the bailout funds.

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


CITIGROUP INC: To Issue 2nd Quarter Results on July 16
------------------------------------------------------
Citigroup Inc. will issue its second quarter results via press
release at approximately 8:00 AM (EDT) on Friday, July 16, 2010.
At 11:00 AM (EDT), results will be reviewed via live webcast and
teleconference.

The press release, webcast and presentation materials will be
available at http://www.citigroup.com/citi/fin

A replay of the webcast will be available at
http://www.citigroup.com/citi/fin/pres.htm

To dial-in to the live teleconference, please call (877) 700-4194
(for U.S. and Canada callers) or (706) 679-8401 (for international
callers).  Conference code: 78856010.

                          About Citigroup

Based in New York, Citigroup Inc. (NYSE: C) -- is a global
diversified financial services holding company whose businesses
provide a broad range of financial services to consumer and
corporate customers.  Citigroup has roughly 200 million customer
accounts and does business in more than 140 countries.
Citigroup's businesses are aligned in three reporting segments:
(i) Citicorp, which consists of Regional Consumer Banking (in
North America, EMEA, Asia, and Latin America) and the
Institutional Clients Group (Securities and Banking, including the
Private Bank, and Transaction Services); (ii) Citi Holdings, which
consists of Brokerage and Asset Management, Local Consumer
Lending, and a Special Asset Pool; and (iii) Corporate/Other.

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

Citigroup, the third-biggest U.S. bank, received $45 billion in
bailout aid.  Other bailed-out banks, including Bank of America
Corp., Wells Fargo & Co., have pledged to repay TARP money.
JPMorgan Chase & Co., Goldman Sachs Group Inc. and Morgan Stanley,
repaid TARP funds in June.  Citigroup is selling assets to repay
the bailout funds.

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


COEUR D'ALENE: Stockholders Approve Amended 2003 Incentive Plan
---------------------------------------------------------------
Coeur d'Alene Mines Corporation's stockholders approved the
amendment and restatement of the company's 2003 Long-Term
Incentive Plan.

The Amended Plan will be administered by the Compensation
Committee of the Board of Directors.  Employees of the Company,
its affiliates and its subsidiaries, as well as non-employee
Directors of the Company, are eligible to participate in the
Amended Plan.  Up to 4,000,000 shares of the Company's common
stock will be authorized for issuance through the Amended Plan,
plus any shares subject to outstanding awards under the Coeur
d'Alene Mines Corporation 2005 Non-employee Directors' Equity
Incentive Plan as of May 11, 2010 that on or after that date cease
to be subject to such awards.  The Amended Plan provides the
Committee with the authority to award incentive stock options,
nonqualified stock options, stock appreciation rights, restricted
stock, restricted stock units, performance units, performance
shares, cash-based awards and stock-based awards.

The Amended Plan provides for limits on the number of shares that
may be subject to awards granted to any one participant in any one
year as follows:

     i) 60,000 shares for awards granted in the form of options;

    ii) 60,000 shares for awards granted in the form of SARs,

   iii) 60,000 shares for awards granted in the form of restricted
        stock or RSUs,

    iv) 60,000 shares for awards granted in the form of
        performance shares or performance units and

     v) 60,000 shares for awards granted in the form of other
        stock-based awards.

The Amended Plan also provides for an annual per participant limit
of $1,200,000 for cash-based awards.  In addition, the Amended
Plan provides that non-employee directors may not receive awards
covering more than 60,000 shares in any one year.  Options and
SARs issued under the Amended Plan will not be repriced, replaced,
or regranted through cancellation in exchange for cash, other
awards, or a new option or SAR at a reduced exercise or base
price, or by lowering the exercise price of a previously granted
option or SAR, except:

     i) with the prior approval of the Company's shareholders or

    ii) equitably in connection with changes in outstanding common
        stock by reason of a merger, stock split, or certain other
        events.

The term of stock options and SARs granted pursuant to the Amended
Plan may not exceed ten years, unless granted to participants
outside the United States.

The number of shares remaining available for issuance under the
Amended Plan will be calculated pursuant to a share-counting
formula, pursuant to which each share of common stock issued
pursuant to options or SARs awarded under the Amended Plan will
reduce the number of shares that remain available for issuance
under the Amended Plan by 1, while each share of common stock
issued pursuant to any other award under the Amended Plan will
reduce the number of shares that remain available for issuance by
1.5.

The amendment and restatement of the Coeur d'Alene Mines
Corporation 2003 Long-Term Incentive Plan was effective as of May
11, 2010. The Amended Plan will terminate with respect to the
grant of new awards on May 11, 2020.

A full-text copy of the terms of the Amended Plan is available for
free at http://ResearchArchives.com/t/s?63b2

                    About Coeur d'Alene Mines

Based in Coeur d'Alene, Idaho, Coeur d'Alene Mines Corporation is
primarily a silver producer with a growing gold production
profile.  The Company is engaged, through its subsidiaries, in the
operation and ownership, development and exploration of silver and
gold mining properties and companies located primarily within
South America (Chile, Argentina and Bolivia), Mexico (Chihuahua),
United States (Nevada and Alaska) and Australia (New South Wales).

At December 31, 2009, the Company had total assets of
$3,054,035,000 against total current liabilities of $188,608,000
and total non-current liabilities of $872,222,000, resulting in
stockholders' equity of $1,993,205,000.

                           *     *     *

As reported by the Troubled Company Reporter on August 11, 2009,
Standard & Poor's Ratings Services raised its corporate credit
rating on Coeur D'Alene Mines to 'B-' from 'CCC' and raised the
ratings on the Company's US$180 million senior unsecured notes due
2024 (US$106 million outstanding) and US$230 million senior
unsecured notes due 2028 (US$150 million outstanding) to 'CCC+'
from 'CCC-'.  In January 2010, S&P withdrew its ratings on the
Company, including its 'B-' corporate credit rating, at the
Company's request.


COMMERCIAL VEHICLE: Picks Arves, Griffin & Snell as Directors
-------------------------------------------------------------
Commercial Vehicle Group Inc. said the number of shares of common
stock entitled to vote at the annual meeting was 23,882,165
shares, representing the number of company shares outstanding as
March 17, 2010.  These directors were elected for terms expiring
at the annual meeting in 2013:

                                  Votes
                    Votes for     Entitled     Non-votes
                    ---------     --------     ---------
Scott C. Arves      9,285,327     7,475,241    4,786,869
Robert C. Griffin   9,181,806     7,578,762    4,786,869
Richard A. Snell    9,195,516     7,565,052    4,786,869

                  About Commercial Vehicle Group

New Albany, Ohio-based Commercial Vehicle Group, Inc., (Nasdaq:
CVGI) supplies fully integrated system solutions for the global
commercial vehicle market, including the heavy-duty truck market,
the construction and agricultural markets, and the specialty and
military transportation markets.  The products include static and
suspension seat systems, electronic wire harness assemblies,
controls and switches, cab structures and components, interior
trim systems (including instrument panels, door panels,
headliners, cabinetry and floor systems), mirrors and wiper
systems specifically designed for applications in commercial
vehicles.  The Company has facilities located in the United States
in Arizona, Indiana, Illinois, Iowa, North Carolina, Ohio, Oregon,
Tennessee, Virginia and Washington and outside of the United
States in Australia, Belgium, China, Czech Republic, Mexico,
Ukraine and the United Kingdom.

Commercial Vehicle Group Inc.'s balance sheet at December 31,
2009, showed $250.5 million in total assets and $288.2 million in
total liabilities, resulting in a $37.7 million stockholders'
deficit.

                          *     *     *

Commercial Vehicle carries a 'Caa2' Corporate Family Rating and
'Caa2/LD' Probability of Default Rating from Moody's.  It has a
'CCC+' corporate credit rating from Standard & Poor's.


COMSTOCK HOMEBUILDING: Posts $892,000 Net Loss for March 31 Qtr
---------------------------------------------------------------
Comstock Homebuilding Companies Inc. filed its quarterly report on
Form 10-Q, reporting a net loss of $892,000 on $9.14 million of
total revenue for the three months ended March 31, 2010, compared
with a net loss of $2.6 million on $4.96 million of total revenue
during the same period a year ago.

The Company's balance sheet at March 31, 2010, showed
$53.7 million in total assets and $41.3 million in total
liabilities, for a total equity of $12.4 million.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?63ad

Based in Reston, Virginia, Comstock Homebuilding Companies, Inc.,
is a multi-faceted real estate development company engaged in the
development of for-sale residential and mixed use products.  The
Company's substantial experience in building a diverse range of
products including single-family homes, townhouses, mid-rise
condominiums, high-rise multi-family condominiums and mixed-use
(residential and commercial) developments has positioned Comstock
as a prominent real estate developer and home builder in the
Washington, D.C. market place.

                    Strategic Realignment Plan

The Company noted that its liquidity remains below desired levels
and it continues to have limited access to new capital.  The
Company also said management has spent much of 2009 focused on
negotiating with lenders to eliminate and restructure debt which
has temporarily limited its ability to pursue new business
opportunities.  Early in 2009, management formulated a Strategic
Realignment Plan which identified real estate projects to be
retained by the Company.  The Company then worked to restructure
the debt related to those core projects.  The Company said the
restructuring was completed in 2009 and has resulted in improved
operating cash flow as the lenders have agreed to provide the
Company with increased cash from proceeds as units are settled.
According to the Company, this improved cash flow from settlements
is contingent upon the Company settling a minimum of 10 units per
quarter at Penderbrook and 9 units per quarter at Eclipse, on a
cumulative basis.  If the Company fails to maintain the minimum
settlement requirements, while that would not be deemed an event
of loan default, it would give the lenders the right to apply
substantially all of the unit settlement proceeds to principal
reduction.  At December 31, 2009, the Company was in compliance
with the minimum settlement requirements.


COPPER KING: Section 341(a) Meeting Scheduled for June 14
---------------------------------------------------------
The U.S. Trustee for Region 17 will convene a meeting of Copper
King Mining Corporation's creditors on June 14, 2010, at 3:00 p.m.
The meeting will be held at 300 Booth Street, Room 3024, Reno, NV
89509.

This is the first meeting of creditors required under Section
341(a) of the U.S. 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.

Milford, Utah-based Copper King Mining Corporation, aka Western
Utah Copper Company, filed for Chapter 11 bankruptcy protection on
May 18, 2010 (Bankr. D. Nev. Case No. 10-51912).  Bruce Thomas
Beesley, Esq., at Lewis and Roca LLP, assists the Company in its
restructuring effort.  The Company listed $100,000,001 to
$500,000,000 in assets and $100,001 to $500,000 in liabilities.

The Company's affiliate, Western Utah Copper Company, filed a
separate Chapter 11 petition on May 18, 2010 (Case No. 10-51913).
The Company listed $50,000,001 to $100,000,000 in assets and
$500,000,001 to $1 billion in debts.


CORNERSTONE AT GLENDALE: Case Summary & 4 Largest Unsec Creditors
-----------------------------------------------------------------
Debtor: Cornerstone at Glendale, LLC
        7208 E. Cave Creek, #A
        Carefree, AZ 85377

Bankruptcy Case No.: 10-10393

Chapter 11 Petition Date: May 28, 2010

Court: United States Bankruptcy Court
       Southern District of Texas (Brownsville)

Judge: Richard S. Schmidt

Debtor's Counsel: Shelby A. Jordan, Esq.
                  Jordan Hyden Womble and Culbreth, PC
                  500 N Shoreline
                  Ste 900 N
                  Corpus Christi, TX 78471
                  Tel: (361) 884-5678
                  Fax: (361) 884-5616
                  E-mail: ecf@jhwclaw.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 4 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/txsb10-10393.pdf

The petition was signed by Douglas A. Dragoo, manager.

Debtor-affiliates that filed separate Chapter 11 petitions:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Bayside Capital, LLC                   10-10330    05/03/10

South Padre Royal Palms, LLC           10-10391    05/28/10


CRYSTAL SPRINGS: Schedules Filing Deadline Extended Until June 9
----------------------------------------------------------------
The Hon. Randolph J. Haines of the U.S. Bankruptcy Court for the
District of Arizona extended, at the behest of Crystal Springs
Phase I and Crystal Springs Investors, LLC, the deadline for the
filing of schedules of assets and liabilities and statement of
financial affairs by an additional 14 days or until June 9, 2010.

The Debtors say that while they have begun to prepare their
statement and schedules, it is apparent that, as a purely
practical matter, Debtors will require additional time to complete
and file them with the Court.  The details of their operations and
transactions are of critical importance to the Court and allowing
Debtors the time necessary to properly prepare the statement and
schedules will be in the best interests of creditors who will be
able to understand the full nature of the Debtors' financial
affairs and where their interests lie with respect to the Debtors
and these bankruptcy cases.

Phoenix, Arizona-based Crystal Springs Investors LLC filed for
Chapter 11 bankruptcy protection on May 12, 2010 (Bankr. D. Ariz.
Case No. 10-14519).  Mark W. Roth, Esq., at Polsinelli Shughart
P.C., assists the Company in its restructuring effort.  The
Company estimated its assets and debts at $10,000,001 to
$50,000,000.


CRYSTAL SPRINGS PHASE I: Schedules Deadline Extended Until June 9
-----------------------------------------------------------------
The Hon. Randolph J. Haines of the U.S. Bankruptcy Court for the
District of Arizona extended, at the behest of Crystal Springs
Phase I and Crystal Springs Investors, LLC, the deadline for the
filing of schedules of assets and liabilities and statement of
financial affairs by an additional 14 days or until June 9, 2010.

The Debtors say that while they have begun to prepare their
statement and schedules, it is apparent that, as a purely
practical matter, Debtors will require additional time to complete
and file them with the Court.  The details of their operations and
transactions are of critical importance to the Court and allowing
Debtors the time necessary to properly prepare the statement and
schedules will be in the best interests of creditors who will be
able to understand the full nature of the Debtors' financial
affairs and where their interests lie with respect to the Debtors
and these bankruptcy cases.

Phoenix, Arizona-based Crystal Springs Phase I filed for Chapter
11 bankruptcy protection on May 12, 2010 (Bankr. D. Ariz. Case No.
10-14516).  Mark W. Roth, Esq., at Polsinelli Shughart P.C.,
assists the Company in its restructuring effort.  The Company
estimated its assets and debts at $10,000,001 to $50,000,000.


CURTIS SYMONDS: Case Summary & 13 Largest Unsecured Creditors
-------------------------------------------------------------
Joint Debtors: Curtis N. Symonds
               Patricia M. Symonds
               6216 Kilcullen Drive
               McLean, VA 22101

Bankruptcy Case No.: 10-14401

Chapter 11 Petition Date: May 27, 2010

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

Judge: Robert G. Mayer

Debtor's Counsel: Janet M. Meiburger, Esq.
                  The Meiburger Law Firm, P.C.
                  1493 Chain Bridge Road, Suite 201
                  McLean, VA 22101
                  Tel: (703) 556-7871
                  Fax: (703) 556-8609
                  E-mail: admin@meiburgerlaw.com

Estimated Assets: $0 to $50,000

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

A list of the Company's 13 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/vaeb10-14401.pdf

The petition was signed by Curtis N. Symonds and Patricia M.
Symonds.

Debtor-affiliates that filed separate Chapter 11 petitions:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Hoop Magic, LLC                        10-12159   03/23/10
Patricia, LLC                          10-12157   03/23/10


DALE JARRETT: March 31 Balance Sheet Upside-Down by $83,000
-----------------------------------------------------------
Dale Jarrett Racing Adventure, Inc., filed on May 14, 2010, its
quarterly report on Form 10-Q for the three months ended March 31,
2010.

The Company's balance sheet as of March 31, 2010, showed
$1,261,599 in assets and $1,344,353 of liabilities, for a
stockholders' deficit of $82,754.

The Company reported a net loss of $54,406 on $598,637 of revenue
for the three months ended March 31, 2010, compared with a net
loss of $166,568 on $447,487 of revenue for the same period ended
March 31, 2009.

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

               http://researcharchives.com/t/s?63a5

Hickory, N.C.-based Dale Jarrett Racing Adventure, Inc. offers
entertainment based oval driving schools and events.  These
classes are conducted at various racetracks throughout the
country.  The Company currently owns fifteen (15) race cars.


DANNY ADAMS: Case Summary & 4 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Danny W. Adams, Sr.
        dba ACI Superior Homes, LLC
        dba C & D Enterprize
        dba Atkins Drywall Supply Company
        P.O. Box 392
        White House, TN 37188

Bankruptcy Case No.: 10-05635

Chapter 11 Petition Date: May 27, 2010

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

Judge: Keith M. Lundin

Debtor's Counsel: Steven L. Lefkovitz, Esq.
                  Law Offices of Lefkovitz & Lefkovitz
                  618 Church St. Ste. 410
                  Nashville, TN 37219
                  Tel: (615) 256-8300
                  Fax: (615) 255-4516
                  E-mail: slefkovitz@lefkovitz.com

Scheduled Assets: $1,228,138

Scheduled Debts: $1,584,453

A list of the Company's 4 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/tnmb10-05635.pdf

The petition was signed by Danny W. Adams, Sr.


DAVID BERRY: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Joint Debtors: David L. Berry
               Debra J. Berry
               906 S. 184th Street
               Elkhorn, NE 68022

Bankruptcy Case No.: 10-81627

Chapter 11 Petition Date: May 28, 2010

Court: U.S. Bankruptcy Court
       District of Nebraska (Omaha Office)

Judge: Timothy J. Mahoney

Debtor's Counsel: Richard M. Dwornik, Esq.
                  Dwornik Law, PC LLO
                  P.O. Box 540675
                  Omaha, NE 68154
                  Tel: (402) 578-6480
                  Fax: (402) 403-1404
                  E-mail: rdwornik@aol.com

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

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/neb10-81627.pdf

The petition was signed by the Joint Debtors.


DAVID SPECKMAN: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Joint Debtors: David L. Speckman
               Karol S. Speckman
                 aka Karol S Prado
               835 5th Avenue, Suite 201
               San Diego, CA 92101

Bankruptcy Case No.: 10-20027

Chapter 11 Petition Date: May 28, 2010

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

Judge: Mike K. Nakagawa

Debtor's Counsel: Lenard E. Schwartzer, Esq.
                  Schwartzer & McPherson Law Firm
                  2850 S. Jones Boulevard, Suite 1
                  Las Vegas, NV 89146
                  Tel: (702) 228-7590
                  Fax: (702) 892-0122
                  E-mail: bkfilings@s-mlaw.com

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

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

According to the schedules, the Joint Debtors say that assets
total $5,316,600 while debts total $6,638,266.

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/nvb10-20027.pdf

The petition was signed by the Joint Debtors.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Sunshine Properties LLC               08-32989            05/08/08


DELPHI CORP: SEC Charges Executives with Financial Fraud
--------------------------------------------------------
A federal judge scheduled a trial for October 4, 2010, in a
securities-fraud lawsuit brought by the U.S. Securities and
Exchange Commission against former Delphi Corp. Chief Executive
Officer J.T. Battenberg III and four other former managers,
Bloomberg News reports.

Judge Avern Cohn of the U.S. District Court for the Southern
Division of Michigan entered a memorandum and order on April 14,
2010, denying the motions for summary judgment filed by Mr.
Battenberg; Paul Free, former Delphi controller and chief
accounting officer; and Milan Belans, former director of capital
planning and pension analysis, in the Securities-Fraud Lawsuit.

Greg Miller, Esq., an attorney for the SEC, said in an interview
with Bloomberg News that a jury will determine the liability of
each defendant.  Should the jury liability find against any
defendant, "the judge will assess damages," Mr. Miller added,
Bloomberg relates.

                        About Delphi Corp.

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

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

The Court confirmed Delphi's plan on January 25, 2008.  The Plan
was not consummated after a group led by Appaloosa Management,
L.P., backed out from their proposal to provide US$2,550,000,000
in equity financing to Delphi.  At the end of July 2009, Delphi
obtained confirmation of a revised plan, build upon a sale of the
assets to a entity formed by some of the lenders who provided
$4 billion of debtor-in-possession financing, and General Motors
Company.

On October 6, 2009, Delphi Corp.'s Chapter 11 plan of
reorganization became effective.  A Master Disposition Agreement
executed among Delphi Corporation, Motors Liquidation Company,
General Motors Company, GM Components Holdings LLC, and DIP Holdco
3, LLC, divides Delphi's business among three separate parties --
DPH Holdings LLC, GM Components, and DIP Holdco 3.

Delphi emerged from Chapter 11 as DPH Holdings.  DPH Holdings will
remain responsible for the post-Effective Date administration and
eventual closing of the Chapter 11 cases as well as the
disposition of certain retained assets and payment of certain
retained liabilities as provided under the Modified Plan.

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


DELPHI CORP: Parties Fight for Substantial Contribution Claims
--------------------------------------------------------------
Reorganized Delphi and Diana G. Adams, the U.S. Trustee for
Region 2, respond to requests for payment of substantial
contribution claims filed by:

  (i) Davidson Kempner Capital Management LLC, Elliott
      Associates, L.P., Nomura Corporate Research & Asset
      Management, Inc.; Northeast Investors Trust, SPCP Group,
      LLC, and Whitebox Advisors, LLC, collectively referred to
      as the Senior Noteholders;

(ii) Highland Capital Management, L.P.;

(iii) the International Union of Electronic, Electrical,
      Salaried, Machine and Furniture Workers, Communications
      Workers of America;

(iv) C.R. Intrinsic Investors and Elliott Associates, L.P.; and

  (v) the ad hoc committee of creditors holding trade claims
      against Delphi Automotive Systems LLC and its domestic
      operating subsidiaries.

A. Reorganized Debtors

"The claims asserted by Highland lack merit because Highland
acted primarily -- if not completely -- in its own self-interest
and its actions failed to confer any net economic benefit on the
Debtors' Chapter 11 cases," counsel to the Reorganized Debtors,
John Wm. Butler, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, in Chicago, Illinois, argues.

Highland sought the payment of $2,420,498 in fees and $109,295 in
expenses for services provided by Haynes and Boone, LLP and
Loughlin, Meghji & Company, Inc.

Mr. Butler cites that for one, Highland's objection to the Equity
Purchase and Commitment Agreement, as amended, between the
Debtors and a group of investors led by Appaloosa Management,
L.P. sought to reduce the recoveries of the Debtors' general
unsecured creditors and transfer additional value to common
stockholders.  Highland itself was a significant holder of Delphi
common stock and would have been a primary beneficiary of the
original Highland proposal, he points out.  Similarly, he notes,
Highland's participation as a competitive bidder in connection
with the EPCA was in its self-interest.  Initial investment
proposals by Highland in January and July 2006 were proven
illusory when Highland submitted a final bid that essentially
mirrored Appaloosa's proposal, Mr. Butler reminds the Court.

Mr. Butler further contends that a large portion of the fees and
expenses generated by Haynes and Boone fall outside of the
duration and scope of activity for which Highland seeks payment.

The Reorganized Debtors also believe that the IUE-CWA is not
entitled to any substantial contribution claims because the Union
previously waived its claim and cannot be permitted to
collaterally attack a memorandum of understanding among the
Debtors, the IUE-CWA and General Motors Corporation, the IUE-CWA
collective bargaining agreements, or the January 25, 2008
confirmation order to the First Amended Joint Plan of
Reorganization.

The IUE-CWA sought the payment of $1,185,701 in fees and $52,603
in expenses for services provided by Kennedy, Jennik & Murray,
P.C.

Mr. Butler adds that neither the Original EPCA nor the Amended
EPCA was consummated, so no actual and demonstrable benefit was
conferred on the Debtors' estates as a result of the IUE-CWA's
prosecution of its objections to those matters.  He notes that
the IUE-CWA's efforts in connection with the Original EPCA and
the Amended EPCA were also duplicative of the efforts of the
Official Committee, the Official Committee of Equity Security
Holders, and the U.S. Trustee.

The Reorganized Debtors thus ask Judge Drain to deny Highland's
and the IUE-CWA's Substantial Claim Motions.

The Reorganized Debtors have similar concerns about the requests
made by the Senior Noteholders, C.R. Intrinsic and the Ad Hoc
Trade Committee.  The Reorganized Debtors, however, say that the
Court should deem their response applicable to those requests if
the Court determines that they would be acting in a manner that
is consistent with their prior agreements with those parties.  In
those agreements, the Reorganized Debtors reserved their right to
object only to the reasonableness of the fees and expenses either
based on the law of substantial contribution in the case of C.R.
Intrinsic and the Ad Hoc Trade Committee or based on the
"totality of the circumstances" standard in the case of the
Senior Noteholders.

B. U.S. Trustee

The U.S. Trustee asks the Court to deny C.R. Intrinsic's, the Ad
Hoc Trade Committee's, and Highland's requests under Sections
503(b)(3) and (4) of the Bankruptcy Code.

C.R. Intrinsic sought the payment of fees for $284,325 and
expenses for $15,823 incurred by its counsel, Strutman Treister &
Glatt.

The U.S. Trustee asserts that C.R. Intrinsic has not demonstrated
how its participation resulted in a substantial benefit to the
Debtors' estates.  Instead, it appears that any benefit to
creditors arising from objections to an amended Delphi-GM Global
Settlement Agreement or Amended GSA were the result of settlement
negotiations between many parties, the U.S. Trustee points out.
The U.S. Trustee further notes that C.R. Intrinsic's request
contains time records that fall outside the scope of the
objections to the Amended GSA and the Amended GM Arrangement and
has many vague entries.

The U.S. Trustee further reminds the Court that the Debtors
previously placed a settlement of the Ad Hoc Trade Committee's
objection to the Amended EPCA and the Disclosure Statement on the
record.  Based on the nature of the settlement, only the members
of the Ad Hoc Trade Committee benefited from the settlement.  The
U.S. Trustee thus objects to the requested fees of Kasowitz,
Benson, Torres & Friedman and Ropes & Gray LLP, citing that the
time records of the two firms are not arranged in project
categories as required by the United States Trustee Guidelines,
which makes a reasonableness review difficult.

The Ad Hoc Trade Committee sought the reimbursement of $1.5
million in fees and expenses incurred by Kasowitz Benson; Ropes &
Gray; and Capstone Advisory Group.

The U.S. Trustee also objects to Highland's Motion because Haynes
and Boone's time records contain so many redacted entries that it
is impossible to determine whether the services rendered
benefited the Debtors' estates.

The U.S. Trustee, however, asks the Court to grant the requests
of the Senior Noteholders and the IUE-CWA.

In their joint application, the Senior Noteholders seek
reimbursement of its professionals' fees and expenses pursuant to
a January 2008 Court-approved settlement with the Debtors.
Although it is unclear from the Application which, if any,
services were provided to "Formerly Represented Parties," it
appears that the fees sought are reasonable and the services were
beneficial to the Debtors' estates and the expenses sought were
actual and necessary, the U.S. Trustee tells Judge Drain.

The U.S. Trustee asserts that the IUE-CWA played a lead role in
litigating the 1113 and 1114 Motions and in negotiating the MOU
regarding modification of collective bargaining agreements and
retiree benefits as approved by the Court on August 16, 2007.
Through the IUE-CWA's efforts, the Debtors were able to meet the
goal of their Transformation Plan to obtain significant labor and
retiree cost savings and other modifications from the unions
representing the employees of the Debtors, the U.S. Trustee
stresses.  The U.S. Trustee also notes that fees sought are
reasonable and the services were beneficial to the Debtors'
estates and the expenses sought were actual and necessary.

                        Parties Insist on
                Their Substantial Claim Requests

A. Highland

"Contrary to the Reorganized Debtors' assertions, when the stakes
were the highest, those who best understood the value Highland
brought to the process fully supported the substantial
contribution claim.  They did so in unequivocal terms," counsel
to Highland, Leonard M. Parkins, Esq., at Haynes and Boone LLP,
in New York -- lenard.parkins@haynesboone.com -- contends.

Mr. Parkins reveals that in e-mail communications from March 19
to 27, 2008 between Patrick Daugherty of Highland and John
Sheehan, then Delphi chief restructuring officer, Delphi Corp.,
through Mr. Sheehan and David Sherbin, then Delphi's general
counsel and chief compliance officer, said it would support a
substantial contribution application made by Highland in these
Chapter 11 cases.  Copies of the March 2009 e-mails is available
for free at http://bankrupt.com/misc/Delphi_March2008Emails.pdf

Thus, the objection filed by the Reorganized Debtors violates the
commitment made by Mr. Sheehan and should be stricken or not
considered, Highland urges the Court.

Highland also amends its requested fees and expenses incurred by
Haynes and Boone to $1,699,774 in fees and $50,614 in expenses.

B. Senior Noteholders

The Senior Noteholders complain that the Reorganized Debtors'
Objection violates a settlement and should be stricken in the
public interest.  Under a settlement with the Debtors, the Senior
Noteholders agreed to withdraw their objection to the First
Amended Joint Plan of Reorganization in exchange for the Debtors'
payment of fees and expenses incurred by Goodwin Procter LLP,
Klestadt & Winters and Maryann Keller & Associates, of up to
$5 million.  In exchange, the Debtors agreed to use their
reasonable best efforts to obtain Court approval of the payment
of the fees and expenses, including filing supporting pleadings,
counsel to the Senior Noteholders, Emanuel C. Grillo, Esq., at
Goodwin Procter LLP, in New York -- Egrillo@goodwinprocter.com --
reminds the Court.

The Senior Noteholders thus maintain that the Reorganized
Debtors' Objection is contrary to the representations their
counsel made at the time Confirmation Hearing and a direct breach
of the terms of Settlement.

C. C.R. Intrinsic

The Reorganized Debtors' objection is nothing more than a thinly
veiled attempt to retrade a deal made with the Senior
Noteholders, Eric D. Goldberg, Esq., at Stutman, Treister & Glatt
P.C., in Los Angeles, California -- EGoldberg@Stutman.com --
counsel to C.R. Intrinsic, a senior noteholder of the Debtors,
argues.

In response to the U.S. Trustee, Mr. Goldberg says that the
Debtors' reorganization would have been impossible absent the
further liquidity provided by General Motors.  The consensual
resolution of the Senior Noteholders' Objections, he points out,
to the Amended GSA and Amended GM Arrangement Motions made that
financing possible and secured better terms for the Debtors'
unsecured creditors.

C.R. Intrinsic thus asks the Court to:

  (i) allow reimbursement of fees for $268,501 and expenses for
      $15,823 for the proportionate share it paid to Stutman
      Treister for the period from June 4, 2008 to September 25,
      2008; or

(ii) in the alternative, allow reimbursement of fees for
      $194,026 and expenses for $12,975 for the proportionate
      share it paid to Stutman Treister for the period from
      August 6, 2008 to September 25, 2008.

D. IUE-CWA

The IUE-CWA clarifies that it never waived its substantial
contribution claim and that the MOU recognizes that it made a
substantial contribution to Delphi's reorganization.

Counsel to the IUE-CWA, Thomas M. Kennedy, Esq., at Kennedy,
Jennik & Murray, P.C., in New York, stresses that the Reorganized
Debtors' argument that the IUE-CWA cannot recover for substantial
contribution to the Debtors' estates because neither the Original
EPCA nor the Amended EPCA was ultimately approved ignores the
real value to the Debtors' estates that accrued from the IUE-
CWA's efforts to thwart an excessive management compensation
scheme from being included in either EPCA plan or the ultimate
plan.


Mr. Kennedy further asserts that the Reorganized Debtors'
objection to hundreds of the time entries that are allegedly not
compensable is inconsistent with the findings of the U.S.
Trustee and the actions of the Reorganized Debtors with regard to
other substantial contribution applicants.

E. Ad Hoc Trade Committee

The Ad Hoc Trade Committee argues that its contribution benefited
the Debtors' estates, as a whole, by assisting the Debtors at key
times in their Chapter 11 cases and preventing avoidable delays,
fees and litigation uncertainties in the confirmation context.

Representing the Ad Hoc Trade Committee, David S. Rosner, Esq.,
at Kasowitz, Benson, Torres & Friedman LLP, in New York --
drosner@kasowitz.com -- asserts that the U.S. Trustee failed to
recognize that the Ad Hoc Trade Committee assisted in resolving
the litigation over the Original EPCA and did in fact, resolve
its objections providing for uniform and beneficial treatment at
that time for all subsidiary trade creditors.

Mr. Rosner further argues that the Reorganized Debtors
mischaracterized their agreement with the Ad Hoc Trade Committee.
He reminds the Court that in the Interim EPCA Order, the Debtors
agreed that they will not oppose any application by the Ad Hoc
Trade Committee for the payment of fees and expenses of their
professionals pursuant to Section 503(b).  At no point did the
Debtors reserve any rights to object to the Ad Hoc Trade
Committee's substantial contribution application, he points out.

The Ad Hoc Trade Committee sought the allowance of amended fees
and expenses from $1,780,000 to $1,500,000.

                  Court Rules on Two Requests

Judge Drain denied the IUE-CWA's Substantial Claim Motion for
reasons stated on the record at a May 20, 2010 hearing.

In a separate order, Judge Drain granted in part and denied in
part the Ad Hoc Trade Committee's Motion.  The Court awarded the
Ad Hoc Trade Committee, in part, an allowed administrative
expense claim pursuant to Sections 503(b)(3)(D) and (b)(4) of the
Bankruptcy Code for $700,000.

As a separate matter, the Court adjourned the hearing to consider
the Senior Noteholders' and C.R. Intrinsic's substantial claims
requests from May 20, 2010, to June 30, 2010.

                        About Delphi Corp.

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

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

The Court confirmed Delphi's plan on January 25, 2008.  The Plan
was not consummated after a group led by Appaloosa Management,
L.P., backed out from their proposal to provide US$2,550,000,000
in equity financing to Delphi.  At the end of July 2009, Delphi
obtained confirmation of a revised plan, build upon a sale of the
assets to a entity formed by some of the lenders who provided
$4 billion of debtor-in-possession financing, and General Motors
Company.

On October 6, 2009, Delphi Corp.'s Chapter 11 plan of
reorganization became effective.  A Master Disposition Agreement
executed among Delphi Corporation, Motors Liquidation Company,
General Motors Company, GM Components Holdings LLC, and DIP Holdco
3, LLC, divides Delphi's business among three separate parties --
DPH Holdings LLC, GM Components, and DIP Holdco 3.

Delphi emerged from Chapter 11 as DPH Holdings.  DPH Holdings will
remain responsible for the post-Effective Date administration and
eventual closing of the Chapter 11 cases as well as the
disposition of certain retained assets and payment of certain
retained liabilities as provided under the Modified Plan.

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


DIETRICH'S SPECIALTY: Taps Case DiGiamberardino as Bankr. Counsel
-----------------------------------------------------------------
Dietrich's Specialty Processing LLC has asked for permission from
the U.S. Bankruptcy Court for the Eastern District of Pennsylvania
to employ Case DiGiamberardino & Lutz, P.C., as bankruptcy
counsel.

Case DiGiamberardino will, among other things:

     a. prepare applications, answers, orders, reports and other
        legal papers;

     b. represent the Debtor in any matters involving contests
        with secured or unsecured creditors;

     c. assist the Debtor in providing the legal services required
        to prepare, negotiate and implement the instant
        proceeding; and

     d. perform other legal services for the Debtor which may be
        necessary.

Case DiGiamberardino will be paid $200-$300 per hour for his
services.

Dexter K. Case, an attorney at Case, DiGiamberardino, assures the
Court that the firm is "disinterested" as that term is defined in
Section 101(14) of the Bankruptcy Code.

Reading, Pennsylvania-based Dietrich's Specialty Processing LLC
filed for Chapter 11 bankruptcy protection on May 10, 2010 (Bankr.
E.D. Pa. Case No. 10-21399).  The Company estimated its assets and
liabilities at $10,000,001 to $50,000,000.


DONALD CURTIS: Case Summary & 17 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Donald Paul Curtis
        2520 Sapling Circle
        Wilmington, NC 28411

Bankruptcy Case No.: 10-04241

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       Eastern District of North Carolina (Wilson)

Judge:  Stephani W. Humrickhouse

Debtor's Counsel: Algernon L. Butler III, Esq.
                  Butler & Butler, L.L.P.
                  P.O. BOX 38
                  Wilmington, NC 28402
                  Tel: (910) 762-1908
                  Fax: (910) 762-9441
                  E-mail: albutleriii@butlerbutler.com

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

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

According to the schedules, the Debtor says that assets total
$102,423 while debts total $1,941,662.

A copy of the Debtor's list of 17 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nceb10-04241.pdf

The petition was signed by the Debtor.


DOYLE FAMILY: Creditors Have Until June 15 to File Proofs of Claim
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
has established June 15, 2010, as the last day for any individuals
or entity to file proofs of claim against Doyle Family LLC.

Headquartered in Rancho Santa Margarita, Doyle Family LLC, filed
for Chapter 11 on January 27, 2010 (Bankr. C.D. Calif. Case No.
10-10967.)  Tracy Ettinghoff, Esq. at the Law Office of Tracy
Ettinghoff assists the Debtor in its restructuring effort.  In its
petition, the Debtor listed assets ranging from $10,000,001 to
$50,000,000 and liabilities ranging from $1,000,001 to
$10,000,000.


DUBAI WORLD: Reaches Debt Deal with Creditors
---------------------------------------------
The Wall Street Journal reports that Dubai World has reached a
broad agreement to pay off its creditors and reduce its
$23.5 billion of debt, lifting a cloud of uncertainty that hung
over the emirate's economy.

Aidan Birkett, chief restructuring officer of Dubai World, told
Zawya Dow Jones that Dubai World will now seek a final deal with
all of its creditors by the end of June.  Under the deal,
creditors will be repaid in full but the payment period will be
extended, while the government of Dubai would convert debt into
equity and help fund the restructuring.

The Journal relates that the agreement with the creditors'
coordinating committee accounts for about 60% of Dubai World's
bank lenders.  The remaining creditors holding 40% of the group's
debt have yet to accept the deal.

According to The Journal, HSBC Holdings PLC, Royal Bank of
Scotland Group PLC, Standard Chartered PLC, Lloyds Banking Group
PLC, Bank of Tokyo Mitsubishi and local lenders Emirates NBD PJSC
and Abu Dhabi Commercial Bank PJSC hold $8.64 billion in Dubai
World debt.  Of the debt being restructured, banks hold $14.4
billion and the government holds the rest.

Dubai's government said in March that it plans to repay Dubai
World's creditors 100% of the principal amount due but through
extended tenor periods.  "Post restructuring, the company's
financial indebtedness will be approximately $14.4 billion and
comprise two tranches," Dubai World said.

According to The Journal, the first portion, or tranche, of
$4.4 billion will be paid in five years, with 1% annual interest
in cash but no shortfall government guarantee.  The second tranche
of $10 billion will be paid over eight years, with 1% interest
plus varying payment-in-kind interest and shortfall guarantees.

Lenders, The Journal relates, will have to choose between three
options, depending on their exposure and on their priorities in
regard to the shortfall guarantee and payment in kind.

The Journal relates that the government of Dubai will convert
$8.9 billion of debt and claims into equity in Nakheel, the real-
estate arm of Dubai World, and commit to fund as much as
$500 million of Nakheel's expenses and an interest facility of as
much as $1 billion while maintaining 100% ownership of the
Company.

As part of the deal, Nakheel's trade creditors were offered
repayment through a mix of 40% cash and 60% in a sukuk-a bond
structured to comply with Islamic law-with a 10% annual return.
Nakheel paid a $980 million Islamic bond.

                       6-Month Standstill

In November 2009, the Troubled Company Reporter ran a story
about Dubai World seeking a six-month standstill on its debt
obligations.  The government of Dubai said it would restructure
Dubai World and has appointed Deloitte LLP to lead the
restructuring effort, naming an executive at the consultancy as
the group's "chief restructuring officer."

Bloomberg News' Arif Sharif and Laura Cochrane said Dubai World
has US$59 billion in liabilities.  Bloomberg said Dubai
accumulated US$80 billion of debt by expanding in banking, real
estate and transportation before credit markets seized up last
year.

The Wall Street Journal said Standard & Poor's in an October
report estimated Dubai World could be responsible for as much as
50% of Dubai's total government and corporate debt load of some
US$80 billion to US$90 billion.

                       About Dubai World

Dubai World -- http://www.dubaiworld.ae/-- is Dubai's flag bearer
in global investments.  As a holding company it operates a highly
diversified spectrum of industrial segments and plays a major role
in the emirate's rapid economic growth.  Dubai World's investment
spans four strategic growth areas of 21st Century commerce namely,
Transport & Logistics, Drydocks & Maritime, Urban Development and
Investment & Financial Services.  Dubai World's portfolio includes
DP World, one of the largest marine terminal operators in the
world; Drydocks World & Dubai Maritime City designed to turn Dubai
into a major ship-building and maritime hub; Economic Zones World
which operates several free zones around the world including Jafza
and TechnoPark in Dubai; Nakheel the property developer behind
iconic projects such as The Palm Islands and The World among
others; Limitless the international real estate master planner
with current development projects in various parts of the world;
Leisurecorp a global sports and leisure investment group,
reshaping the industry by unlocking value across investment,
development and brand opportunities; Dubai World Africa which
oversees the regional development and portfolio of investments in
the African continent; and Istithmar World, the group's investment
arm that has a global footprint in finance, capital, leisure,
aviation and various other business ventures.


E-DEBIT GLOBAL: Posts $186,000 Net Loss in Q1 2010
--------------------------------------------------
E-Debit Global Global Corporation filed its quarterly report on
Form 10-Q, reporting a net loss of $186,391 on $945,551 of revenue
for the three months ended March 31, 2010, compared with a net
loss of $153,190 on $735,419 of revenue for the same period ended
March 31, 2009.

The Company's balance sheet as of March 31, 2010, showed
$1,319,072 in assets and $2,144,488 of liabilities, for a
stockholders' deficit of $825,416.

Cordovano and Honeck LLP, in Englewood, Colo., expressed
substantial doubt about the Company's ability to continue as a
going conern after auditing the Company's financial statements for
the year ended December 31, 2009.  The independent auditors noted
that the Company has suffered recurring losses, has a working
capital deficit at December 31, 2009, and has an accumulated
deficit of $760,509 as of December 31, 2009.

At March 31, 2010, the Company had a working capital deficit of
$767,501 and an accumulated deficit of $825,416.

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

               http://researcharchives.com/t/s?63ac

Based in Calgary, Alberta, E-Debit Global Corportion's primary
business is the sale and operation of cash vending (ATM) and point
of sale (POS) machines in Canada.


EAGLESPAN STEEL: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: EagleSpan Steel Structures LLC
        102 W. 4th Street
        Loveland, CO 80537

Bankruptcy Case No.: 10-23491

Chapter 11 Petition Date: May 28, 2010

Court: U.S. Bankruptcy Court
       District of Colorado (Denver)

Judge: Michael E. Romero

Debtor's Counsel: Harold G. Morris Jr., Esq.
                  E-mail: hmorris@lindquist.com
                  John C. Smiley, Esq.
                  E-mail: jsmiley@lindquist.com
                  600 17th Street, Suite 1800 South
                  Denver, CO 80202-5421
                  Tel: (303) 573-5900

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 Robert Vacek, manager.


ELOHIM RANYAK: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Elohim Ranyak
        aka Al Ranyak
        aka AER Planning & Design
        13709 Gamma Rd.
        Dallas, TX 75244

Bankruptcy Case No.: 10-33788

Chapter 11 Petition Date: May 28, 2010

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

Judge: Stacey G. Jernigan

Debtor's Counsel: Charles M. Hamilton, Esq.
                  French & Hamilton
                  211 N. Record St., Suite 400
                  Dallas, TX 75202
                  Tel: (972) 404-1414
                  Fax: (972) 404-1808
                  E-mail: chuck@chlegal.com

Scheduled Assets: $2,615,780

Scheduled Debts: $3,102,482

A list of the Company's 20 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/txnb10-33788.pdf

The petition was signed by Elohim Ranyak.


ENERGYCONNECT GROUP: Posts $2 Million Net Income for April 3 Qtr
----------------------------------------------------------------
EnergyConnect Group Inc. filed its quarterly report on Form 10-Q,
showing net income of $2.08 million on $7.02 million of revenue
for the three months ended April 3, 2010, compared with a net loss
of $2.0 million on $1.21 million of revenue during the same period
a year ago.

The Company's balance sheet at March 31, 2010, showed
$11.7 million in total assets, $6.1 million in total current
liabilities, and $3.2 million long-term liabilities, for a
$2.3 million in total stockholders' equity.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?63b0

                    About EnergyConnect Group

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

The Company's balance sheet as of January 2, 2010, showed
$9,774,924 in total assets and $9,746,384 in total liabilities,
resulting in a $28,540 stockholders' equity.

                            *     *     *

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


ENVIRONMENTAL WOOD: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Environmental Wood Products, Inc.
        106 John O. Parker Drive
        Reidsville, GA 30453

Bankruptcy Case No.: 10-60477

Chapter 11 Petition Date: May 28, 2010

Court: U.S. Bankruptcy Court
       Southern District of Georgia (Statesboro)

Debtor's Counsel: J. Michael Hall, Esq.
                  Hall & Kirkland, PC
                  2036 Highway 21 South
                  Springfield, GA 31329
                  Tel: (912) 754-7078
                  Fax: (912) 754-7173
                  E-mail: mhall@hallandkirkland.com

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

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

According to the schedules, the Company says that assets total
$707,586 while debts total $1,465,518.

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

The petition was signed by Donald R. Warren, president.


EPICENTRUM LLC: Case Summary & Largest Unsecured Creditor
---------------------------------------------------------
Debtor: Epicentrum LLC
        26478 Ynez Road
        Temecula, CA 92591

Bankruptcy Case No.: 10-26375

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       Central District of California (Riverside)

Judge: Thomas B. Donovan

Debtor's Counsel: Thomas C. Nelson, Esq.
                  484 Prospect Street
                  La Jolla, CA 92037
                  Tel: (858) 875-5092

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

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

The petition was signed by Kevin Tucker, manager.

The list of unsecured creditors filed together with its petition
contains only one entry:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Raytheon Development               Services                 $5,000
8690 Aero Drive
San Diego, CA 92123


ERAJ DIVSAR: Voluntary Chapter 11 Case Summary
----------------------------------------------
Joint Debtors: Eraj Divsar
               Sebahat Divsar
               10216 Ne 20th Place
               Bellevue, WA 98004

Bankruptcy Case No.: 10-16072

Chapter 11 Petition Date: May 27, 2010

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

Judge: Samuel J. Steiner

Debtor's Counsel: Jesse Valdez, Esq.
                  Valdez Lehman PLLC
                  155 108th Ave NE Ste 601
                  Bellevue, WA 98004
                  Tel: (425) 458-4415
                  E-mail: jesse@valdezlehman.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 largest unsecured creditors
together with its petition.

The petition was signed by Eraj Divsar and Sebahat Divsar.


ESMERALDA CALDERA: Case Summary & 12 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Esmeralda P. Caldera
        fdba Nails by Esmeralda Caldera
        dba Exodus Spa Salon
        dba Tradewinds Condo Hotel, LLC
        12820 NE Rose Pkwy.
        Portland, OR 97230

Bankruptcy Case No.: 10-35044

Chapter 11 Petition Date: May 28, 2010

Court: United States Bankruptcy Court
       District of Oregon

Debtor's Counsel: Richard S. Ross, Esq.
                  1610 Columbia St.
                  Vancouver, WA 98660
                  Tel: (360) 699-1400
                  E-mail: kimeb@pacifier.com

Scheduled Assets: $1,111,517

Scheduled Debts: $1,095,787

A list of the Company's 12 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/orb10-35044.pdf

The petition was signed by Esmeralda P. Caldera.


EUROTEC M.F.G.: Case Summary & 11 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Eurotec M.F.G., Inc.
          dba Panelmax
              Selekt 101
              Silver Skrens
        84-464 Cabazon Center Drive
        Indio, CA 92201
        Tel: (760) 863-0033

Bankruptcy Case No.: 10-26566

Chapter 11 Petition Date: May 28, 2010

Court: U.S. Bankruptcy Court
       Central District of California (Riverside)

Judge: Catherine E. Bauer

Debtor's Counsel: Patrick J. Casey, Esq.
                  Roemer & Harnik LLP
                  45-025 Manitou Drive Suite 110
                  Indian Wells, CA 92210
                  Tel: (760) 360-2400
                  Fax: (760) 360-1211
                  E-mail: sgima@rhlawfirm.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
$1,576,575 while debts total $2,720,684.

A copy of the Company's list of 11 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-26566.pdf

The petition was signed by Bill Williams, president.


EUTICHIO CALORE: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Eutichio P. Calore
        132 Lakeview Avenue
        Waltham, MA 02451

Bankruptcy Case No.: 10-15761

Chapter 11 Petition Date: May 27, 2010

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

Judge: William C. Hillman

Debtor's Counsel: Gary W. Cruickshank, Esq.
                  Law Office of Gary W. Cruickshank
                  21 Custom House Street, Suite 920
                  Boston, MA 02110
                  Tel: (617) 330-1960
                  Fax: (617) 330-1970
                  E-mail: gwc@cruickshank-law.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 creditors together with its
petition.

The petition was signed by the Debtor.


EXTENDED STAY: Centerbridge Group Wins Auction for Financing
------------------------------------------------------------
Mike Spector and Lingling Wei at The Wall Street Journal report
that a group led by Centerbridge Partners LP prevailed in an
18-hour marathon auction to take Extended Stay Inc. out of
bankruptcy protection, offering nearly $4 billion to clinch the
purchase of the distressed hotel chain.

According to The Journal, citing people familiar with the matter,
the investor consortium, which includes Paulson & Co. and
Blackstone Group, put up $3.93 billion for Extended Stay, topping
a rival $3.88 billion bid from a group led by Starwood Capital
Group.  J.P. Morgan Chase & Co. and Deutsche Bank AG are
significant backers of the Centerbridge bid, these people said.

The Journal relates that the bidding war, which started at around
10 a.m. Thursday and concluded shortly before 5 a.m. on Friday,
ended after the Centerbridge group put up its $3.93 billion bid.

The cash bid, which remains subject to approval by a bankruptcy-
court judge, would come close to paying back Extended Stay's
$4.1 billion first mortgage, according to The Journal.  Holders of
the chain's $3.3 billion in so-called mezzanine, or junior, debt
aren't likely to see any recovery.

                        About Extended Stay

Extended Stay is the largest owner and operator of mid-price
extended stay hotels in the United States, holding one of the most
geographically diverse portfolios in the lodging sector with
properties located across 44 states (including 11 hotels located
in New York) and two provinces in Canada.  As a result of
acquisitions and mergers, Extended Stay's portfolio has expanded
to encompass over 680 properties, consisting of hotels directly
owned or leased by Extended Stay or one of its affiliates.
Extended Stay currently operates five hotel brands: (i) Crossland
Economy Studios, (ii) Extended Stay America, (iii) Extended Stay
Deluxe, (iv) Homestead Studio Suites, and (v) StudioPLUS Deluxe
Studios.

Extended Stay Inc. and its affiliates filed for Chapter 11 on
June 15, 2009 (Bankr. S.D.N.Y. Case No. 09-13764).  Judge James M.
Peck handles the case.  Marcia L. Goldstein, Esq., at Weil Gotshal
& Manges LLP, in New York, represents the Debtors.  Lazard Freres
& Co. LLC is the Debtors' financial advisors.  Kurtzman Carson
Consultants LLC is the claims agent. Extended Stay had assets of
$7.1 billion and debts of $7.6 billion as of the end of 2008.

Bankruptcy Creditors' Service, Inc., publishes Extended Stay
Bankruptcy News.  The newsletter provides gavel-to-gavel coverage
of the Chapter 11 proceedings undertaken by Extended Stay Inc. and
its various affiliates. (http://bankrupt.com/newsstand/or
215/945-7000).


FFW OPCO: Voluntary Chapter 11 Case Summary
-------------------------------------------
Debtor: FFW OPCO, Ltd.
        dba Furniture Factory Warehouse
        2200 Ross Ave., Suite 4750W
        Dallas, TX 75201

Bankruptcy Case No.: 10-33761

Chapter 11 Petition Date: May 28, 2010

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

Judge: Harlin DeWayne Hale

Debtor's Counsel: Patrick J. Neligan, Jr., Esq.
                  Neligan Foley LLP
                  325 N. St. Paul, Suite 3600
                  Dallas, TX 75201
                  Tel: (214) 840-5333
                  Fax: (214) 840-5301
                  E-mail: pneligan@neliganlaw.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 largest unsecured creditors
together with its petition.

The petition was signed by Paul Thompson, manager of FFW GP, LLC,
general partner.


FLAMINGO COURTYARD: Case Summary & 15 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Flamingo Courtyard, LLC
        6610 W Arby Avenue, Suite 104
        Las Vegas, NV 89118

Bankruptcy Case No.: 10-20076

Chapter 11 Petition Date: May 28, 2010

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

Judge: Bruce A. Markell

Debtor's Counsel: Terry V. Leavitt, Esq.
                  601 S. 6th Street
                  Las Vegas, NV 89101
                  Tel: (702) 385-7444
                  Fax: (702) 385-1178
                  E-mail: terry@leavittbk.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
$4,027,215 while debts total $4,366,657.

A copy of the Company's list of 15 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nvb10-20076.pdf

The petition was signed by Bernie Chippoletti, manager.


FOUNTAIN SQUARE: Wants to Employ Stichter Riedel as Bankr. Counsel
------------------------------------------------------------------
Fountain Square II, Ltd., has asked for authorization from the
U.S. Bankruptcy Court for the Middle District of Florida to employ
Stichter, Riedel, Blain & Prosser, P.A., as bankruptcy counsel.

Stichter Riedel will, among other things:

     a. prepare motions, applications, orders, reports, pleadings,
        and other legal papers;

     b. appear before the Court, any appellate courts, and the
        U.S. Trustee to represent and protect the interests of the
        Debtor;

     c. take necessary legal steps to confirm a plan of
        reorganization; and

     d. represent the Debtor in negotiations with potential
        financing sources and prepare contracts, security
        instruments, or other documents necessary to obtain
        financing.

Don M. Stichter, an attorney at Stichter Riedel, says that the
firm received $40,000 from the Debtor as a retainer and the filing
fee of $1,039.  The retainer is to be applied first to prepetition
services associated with filing the Chapter 11, and the balance is
to reduce Stichter Riedel's application for postpetition fees and
costs.

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

Tampa, Florida-based Fountain Square II, Ltd., filed for Chapter
11 bankruptcy protection on May 13, 2010 (Bankr. M.D. Fla. Case
No. 10-11419).  The Company estimated its assets and debts at
$10,000,001 to $50,000,000.


FOUNTAIN SQUARE: Asks for June 9 Schedules Deadline Extension
-------------------------------------------------------------
Fountain Square II, Ltd., has asked the U.S. Bankruptcy Court for
the Middle District of Florida to extend the deadline for the
filing of schedules of assets and liabilities and statement of
financial affairs until June 9, 2010.

With the Petition, the Debtor filed a list of creditors and their
addresses, but has not yet been able to complete the schedules and
statement as required by the U.S. Bankruptcy Code.  The Debtor
says that it is diligently pursuing the preparation of the
schedules and statement and expects to file them by June 9, 2010.

Tampa, Florida-based Fountain Square II, Ltd., filed for Chapter
11 bankruptcy protection on May 13, 2010 (Bankr. M.D. Fla. Case
No. 10-11419).  Don M Stichter, Esq., at Stichter, Riedel, Blain &
Prosser, assists the Company in its restructuring effort.  The
Company estimated its assets and debts at $10,000,001 to
$50,000,000.


FOXWOOD PROPERTIES: Case Summary & 3 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Foxwood Properties, LLC
        14535 Greenleaf Street
        Sherman Oaks, CA 91403

Bankruptcy Case No.: 10-16484

Chapter 11 Petition Date: May 28, 2010

Court: U.S. Bankruptcy Court
       Central District of California (San Fernando Valley)

Judge: Maureen Tighe

Debtor's Counsel: Michael Jay Berger, Esq.
                  9454 Wilshire Boulevard 6th Floor
                  Beverly Hills, CA 90212-2929
                  Tel: (310) 271-6223
                  Fax: (310) 271-9805
                  E-mail: michael.berger@bankruptcypower.com

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 3 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-16484.pdf

The petition was signed by Farzad Khalili, managing memebr.


G&G MONEY: Case Summary & 17 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: G&G Money, Inc.
          aka JDH Investments
        19 Keys Ferry Street
        McDonough, GA 30253

Bankruptcy Case No.: 10-75646

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       Northern District of Georgia (Atlanta)

Judge: C. Ray Mullins

Debtor's Counsel: Joseph J. Burton Jr., Esq.
                  Burton & Armstrong
                  Two Ravinia Drive, Suite 1750
                  Atlanta, GA 30346
                  Tel: (404) 892-4144
                  Fax: (404) 892-0390
                  E-mail: jayburton@ballp.com

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 17 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ganb10-75646.pdf

The petition was signed by George A. Mazzant III, president.


GARY GOLDSTEIN: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Gary Sanford Goldstein
        161 Buxton Avenue
        Bedford Hills, NY 10507

Bankruptcy Case No.: 10-23103

Chapter 11 Petition Date: May 28, 2010

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

Judge: Robert D. Drain

Debtor's Counsel: Lawrence F. Morrison, Esq.
              Meister Seelig & Fein, LLP
              140 East 45th Street
              19th Floor
              New York, NY 10017
              Tel: (212) 655-3582
              Fax: (646) 539-3682
              E-mail: morrlaw@aol.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 largest unsecured creditors
together with its petition.

The petition was signed by Gary Sanford Goldstein.


GENERAL GROWTH: 2 VCK Entities Plans Declared Effective
-------------------------------------------------------
The Village of Cross Keys, LLC, and VCK Business Trust emerged
from Chapter 11 on May 14, 2010, according to a notice filed with
the United States Bankruptcy Court for the Southern District of
New York.  The Plan Debtors' Joint Plan of Reorganization is
deemed effective as of May 14, 2010.

Counsel to General Growth Properties, Inc., James H.M. Sprayregen,
P.C., at Weil, Gotshal & Manges LLP, in New York, told Bankruptcy
Judge Allan L. Gropper that each of the conditions precedent to
consummation of the Plan has been satisfied or waived in
accordance with the Plan.

After the Effective Date, and without the need for further Court
approval, the Plan Debtors may (a) cause any or all of the Plan
Debtors to be merged into or contributed to one or more of the
Plan Debtors or non-Debtor Affiliates, dissolved or otherwise
consolidated or converted, (b) cause the transfer of assets
between or among the Plan Debtors or non-Debtor Affiliates
or (c) engage in any other transaction in furtherance of the Plan.

The Plan provides for 100% recovery to all holders of Claims
against, and Interests in, the Plan Debtors.

The order confirming the Plan on December 15, 2009, the second
order confirming the Plan on December 23, 2009, the third
order confirming the Plan on January 20, 2010, the fourth
order confirming the Plan on February 16, 2010, the fifth order
confirming the Plan on March 3, 2010, the sixth order confirming
the Plan on March 18, 2010, the seventh order confirming the
Plan on March 26, 2010, the eighth order confirming the Plan on
April 29, 2010, the ninth order confirming the Plan on May 20,
2010, and the Plan establish certain deadlines by which holders of
Claims must take certain actions.

Full-text copies of the Confirmation Orders dated December 15, and
23, 2009, January 20, 2010, February 16, 2010, and March 3, 18 and
26, 2010, April 29, 2010, and May 20, 2010, are available for free
at:

  http://bankrupt.com/misc/ggp_Dec15ConfirmationOrder.pdf
  http://bankrupt.com/misc/ggp_Dec23ConfOrd.pdf
  http://bankrupt.com/misc/ggp_Jan20ConfOrder.pdf
  http://bankrupt.com/misc/ggp_Feb16ConfOrder.pdf
  http://bankrupt.com/misc/ggp_Mar3ConfOrder.pdf
  http://bankrupt.com/misc/ggp_Mar18ConfOrder.pdf
  http://bankrupt.com/misc/ggp_Mar26ConfOrder.pdf
  http://bankrupt.com/misc/ggp_Apr29ConfOrder.pdf
  http://bankrupt.com/misc/ggp_May20ConfOrder.pdf

                  About General Growth Properties

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: HSBC Added as Member to Creditors Committee
-----------------------------------------------------------
Pursuant to Section 1102 of the Bankruptcy Code, Diana G. Adams,
United States Trustee for Region 2, added on May 27, 2010,
HSBC Trust Company (Delaware), N.A., as member of the Official
Committee of Unsecured Creditors in General Growth Properties,
Inc., and its debtor-affiliates' Chapter 11 cases.

HSBC can be reached at:

   HSBC Trust Company (Delaware), N.A.
   Attn: Lisa Price
   1201 North Market Street, Suite 1001
   Wilmington, Delaware 19801
   (212) 525-1343

The existing members of the Committee are:

-- Eurohypo AG, New York Branch;
-- The Bank of New York Mellon Trust Co.;
-- American High-Income Trust;
-- Wilmington Trust;
-- Taberna Capital Management, LLC;
-- Macy's Inc.;
-- Millard Mall Services, Inc.;
-- Luxor Capital Group, LP; and
-- M&T Bank.

                  About General Growth Properties

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: Wins Judge's Approval for Mortgage Restructuring
----------------------------------------------------------------
General Growth Properties Inc. won approval for the formal
reorganizations for its final 144 properties when the bankruptcy
judge confirmed a Chapter 11 plan restructuring the mortgage loan
on a property in Louisiana.

According to The Wall Street Journal, the latest restructuring
involves a $95 million mortgage on the Oakwood Center mall in the
New Orleans suburb of Gretna, Louisiana.  The restructuring
extended by four years the due date of a formerly contentious loan
from lenders led by Citigroup Inc.  In addition, the restructuring
slightly boosted the loan's interest rate and added a 30-year
amortization schedule to gradually whittle the loan's balance.

The Journal relates that the Oakwood Center mortgage was the last
of 108 secured loans totaling $15 billion that General Growth
needed to restructure in bankruptcy court.  The Company still must
address its $7 billion of unsecured debt, which would be paid in
full under General Growth's recapitalization plan, led by Canadian
property investor Brookfield Asset Management Inc.

                        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: Oakwood Debtors Win Plan Confirmation
-----------------------------------------------------
Judge Allan L. Gropper of the U.S. Bankruptcy Court for the
Southern District of New York confirmed the Joint Plan of
Reorganization, and approved, on a final basis, the accompanying
Disclosure Statement as to Debtors Oakwood Shopping Center Limited
Partnership and Rouse-Oakwood Shopping Center, LLC, on May 20,
2010.

As of May 13, 2010, 220 debtor affiliates of GGP have consummated
their Plans of Reorganization and exited Chapter 11, closing 101
loans totaling $12 billion in secured indebtedness across 106
properties, Mr. Nolan disclosed.  GGP expects that the remaining
Debtors with Confirmed Plans of Reorganization will exit Chapter
11 soon, he said.  Using the Confirmed Plans as a framework, the
Two Plan Debtors have reached agreement with Citicorp North
America, Inc. as agent for the applicable secured debt holders to
restructure a $95 million syndicated loan borrowed by Oakwood
Shopping Center Limited Partnership and secured by Oakwood Center
in Gretna, Louisiana, he related.

Mr. Nolan said the terms of the Plan with respect to the Two Plan
Debtors differs from the previously Confirmed Plans.  For one, the
interest rates for the Two Plan Debtors' Plan are floating,
although Citicorp has an option to elect a fixed rate, subject to
a 4.65% cap.  In addition, the Two Plan Debtors must provide a
guaranty from a qualified guarantor with a continuing minimum net
worth of $500 million.

In most other respects, Mr. Nolan noted that the terms of the Plan
are similar to those of the previously Confirmed Plans.  The
Supplemental Plans extend the Oakwood Loan's maturity date to June
1, 2014 and permits the Two Plan Debtors to continue using their
existing cash management system.  The Two Plan Debtors also
agreed, among others:

(a) to pay a restructuring fee of 100 basis points on the
     outstanding balance of the loan upon emergence;

(b) to increase amortization payments during the term of the
     loan upon emergence; and

(c) to set aside a new "dark anchor" reserve amount during the
     term of the Oakwood Loan.

Mr. Nolan said the Plan provides a 100% estimated recovery for all
Allowed Claims and Interests under the Supplemental Plan.  At
best, the Plan will position the Two Plan Debtors to deliver
sustainable, significant value to their stakeholders, including
lenders, customers, and employees, he assured the Court.

                 Updated Financial Projections

James A. Mesterharm, director of AlixPartners, LLP, as
restructuring advisor to the Debtors, filed with the Court a
declaration, as amended on May 18, 2010, appending an updated
version of the Debtors' financial projections.

Mr. Mesterharm noted that the updated Financial Projections
reflect recent performance, certain adjustments to reflect GGP's
current outlook and certain costs incurred with respect to closing
and emergence costs for certain Plan Debtors.  The Updated
Financial Projections forecast the Debtors' cash flow through the
end of 2010, he related.

A table showing GGP's 13 Months Cash Forecast is available for
free at http://bankrupt.com/misc/ggp_may18cashforecast.pdf

Based on the Updated Financial Projections, Mr. Mesterharm
informed the Court that the Plan Debtors, with the continued use
of the GGP enterprise's consolidated cash management system and
associated liquidity, will have sufficient cash flow to:

(a) make all payments and other distributions required under
    the Plan;

(b) service all debt obligations contemplated by the Plan; and

(c) continue to operate their businesses as contemplated by
    the Plan.

At the end of April 2010, the Debtors had $511.5 million of cash
on hand, Mr. Mesterharm disclosed.  From May 2010 through the end
of 2010, the Plan Debtors will incur another $66.5 million of
costs associated with their emergence from bankruptcy and capital
obligations under the Plan, including funding real estate and
other escrows, making catch-up amortization payments on the
Plan Debtors' secured property-level loans and the paydown of
certain mezzanine loan obligations, of which $1.6 million is
related to the Plan Debtors who are seeking confirmation scheduled
for May 20, 2010, he noted.  The Plan Debtors will also incur
$86.8 million in making distributions related to prepetition
claims against them, he added.

In addition, on the earlier of the emergence of GGP and GGP LP --
"TopCo" -- from Chapter 11 or December 2010, the Plan Debtors will
incur additional obligations under the Plan:

(a) a $137 million paydown on GGP Ala Moana L.L.C.'s property
     in Honolulu; and

(b) a "vacant anchor" reserve equal to $2 per square foot
     reserve for total collateral gross leasable area but
     excluding outparcels, currently estimated at $34 million.

The Plan Debtors expect to fund these costs from their cash flows
and, to the extent necessary, from GGP LP's centralized cash
management system, Mr. Mesterharm explained.  By the end of
December 2010, if TopCo has not yet emerged from bankruptcy, GGP
LP is projected to have an available cash balance of $227 million
after the Plan Debtors have satisfied all emergence costs
and funding requirements under the Plan, he disclosed.

                  Plan Confirmation Rulings

Judge Gropper confirmed the Plan, as amended, and each of its
provisions under Section 1129 of the Bankruptcy Code.  Judge
Gropper held that all rulings and orders contained in the
confirmation order dated December 15, 2009 are adopted as the
rulings and orders for this confirmation order dated May 20, 2010.

In addition, Judge Gropper directed that upon the effective date
of the Plan, Citicorp North America, Inc. will file a stipulated
order of dismissal dismissing a foreclosure action against
Oakwood Shopping Center Limited Partnership, GGP Limited
Partnership, GGP and The Rouse Company LP -- GGP Louisiana
Defendants -- before the 24th Judicial District Court for the
Parish of Jefferson, State of Louisiana.  Judge Gropper
acknowledged that Citicorp waives any right it may have under
Article 3083 of the Civil Code of Louisiana, including any
purported right to challenge the validity or to seek to rescind
or to vitiate the May 20 confirmation order because the GGP
Louisiana Defendants concealed any information.

A full-text copy of the Confirmation Order dated May 20, 2010, is
available for free at:

        http://bankrupt.com/misc/ggp_May20ConfOrder.pdf

                    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: Financers Close to Adding Blackstone, WSJ Says
--------------------------------------------------------------
The investors aiming to finance mall owner General Growth
Properties Inc.'s exit from bankruptcy as a stand-alone company
are close to adding Blackstone Group LP to their consortium, Kris
Hudson in a May 22 report at The Wall Street Journal said, citing
people familiar with the matter said.

In a deal likely to be completed this week, Blackstone will
contribute $500 million to a $6.5 billion proposal from Brookfield
Asset Management Inc., Pershing Square Capital Management LP and
Fairholme Capital Management, these people said.  In exchange for
the exit loan, the Brookfield group will receive 120 million new
General Growth stock upon the company's bankruptcy exit equal to
two-thirds of General Growth's total.  Blackstone getting a 5%
stake and one seat on General Growth's board.

Blackstone, the largest U.S. buyout firm, with about $100 billion
in assets under management, had studied General Growth for months
through its participation in earlier buyout offers led by Simon
Property Group Inc., the Journal noted.  Simon, however, dropped
its bid for General Growth early this month after General Growth
preferred the Brookfield offer.

                    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: Fee Examiner Reports on 1st Interim Fee Apps.
-------------------------------------------------------------
After reviewing the fee applications of General Motors' bankruptcy
professionals, Brady Williamson, the fee examiner in the Debtors'
Chapter 11 cases, informs the Court that he has raised limited
objections to certain amounts comprising the professionals' first
interim fee application.  The professionals are:

                                    Amount              Amount
Professional                     Requested         Objected to
------------                     ---------         -----------
Brownfield Partners, LLC          $230,209              $1,481
Butzel Long                       $259,041             $46,105
Evercore Group, LLC             $4,338,634              $1,042
FTI Consulting, Inc.            $4,509,537            $191,972
Honigman Miller Schwartz &
Cohn LLP                        $2,313,959             $17,272
Jenner & Block, LLP             $5,220,762             $58,613
Kramer Levin Naftalis
& Frankel LLP                   $4,678,958            $520,863
LFR Inc.                          $126,754             $15,872
Lowe Fell & Skogg, LLC            $281,052            $123,309
The Claro Group, LLC              $190,451             $41,336
Weil, Gotshal & Manges LLP     $18,506,169          $1,288,820

                 Fee Examiner's Other Findings

After a review of Evercore's First and Final Fee application, the
Fee Examiner has raised some preliminary observations that still
need Evercore's clarifications.  In light of these, the Fee
Examiner asks the Court to defer approval of Evercore's First and
Final Fee Application until the issues relative to the fee
application are cleared.

AP Services, the crisis managers in the Debtors Chapter 11 cases
asserted that it is not subject to the Fee Examiner's review.  In
a statement, the Fee Examiner responded that he has neither
audited nor filed an objection to the APS' compensation reports
but reserves the right to do so in connection with subsequent
compensation reports and the final fee application.  The Fee
Examiner further stated that APS has requested a total of
$43,095,327 in fees and $2,670,784 in expenses upon which APS has
received payment in the amount of $34,717,492, in addition to a
$6,500,000.00 Success Fee.

Baker & McKenzie, the Debtors' special counsel, has a Fee
Application that requests $1.26 million in fees and about $21,500
in expenses.  The Fee Examiner has made a preliminary report on
the fee application submitted by Baker, however, Baker and the Fee
Examiner have agreed that Baker be allowed to receive 50% of any
unpaid amounts requested in its First Interim Fee Application.
The parties also agreed that Baker's First Interim Fee Application
be deferred and subjected to further audit.  The Fee Examiner's
report and recommendations will depend on the outcome of the audit
and the submission of additional materials by Baker.

The Fee Examiner tells the court that it does not object to Jones
Day's first interim fee application, contending that it has not
identified any fees and expenses in the application that are
objectionable.

The Fee Examiner has an objection to the First Interim Fee
Application of Lowe Fell & Skogg, however, the fee application had
been withdrawn, as earlier reported.

The Fee Examiner commented on the First Interim Fee Application
submitted by Weil, Gotshal & Manges LLP, saying that, as a general
matter, the documentation accompanying the first fee application
leaves little doubt that WG&M's timekeepers diligently and
efficiently worked long hours. Quite simply, WG&M billed
significant fees during the fee period because extraordinary
circumstances required it to do so, the Fee Examiner stated.  The
Fee Examiner also informed the Court that it added $880,146 to the
amounts proposed for disallowance as discount from WG&M's
billings.  In this context, WG&M asks the Court that the
compensation and reimbursement requested in its First Fee
Application be allowed in full, except for the nearly $900,000
that the Fee Examiner proposed to be deducted as discount to its
fees, contending that this is gratuitous and appropriate.

FTI Consulting, Inc. reacted to the Fee Examiner's objection to
its 1st Interim Fee application, stating that the objection
contained no rational explanation for suggesting a disallowance to
its fees.   FTI also expressed opposition to the Fee Examiner's
recommendation to deduct $1,1888 from FTI's fees and expenses.
According to FTI, the Fee Examiner appears to have ignored the
reasonableness of FTI's fees given the many hours of work it did
for the Official Committee of Unsecured Creditors.

Butzel Long insists that its fees and expenses in connection with
its employment and retention were necessary and reasonable.
Butzel Long asked the Court to desist implementation of the Fee
Examiner's proposed disallowance of $46,105 from its fees and
expenses, but rather honor its amended fee application reducing
its request for compensation to $257,155, as agreed with the Fee
Examiner.

                   U.S. Trustee's Statement

Diana G. Adams, the United States Trustee for Region 2, proposes
with the Court a 10% deferral of payment, or "holdback," of fees,
saying that the confirmation of a plan does not appear forthcoming
in the immediate future, and that uncertainty still prevails
regarding the solvency of the bankruptcy estates.  These will
justify the deferrals of allowances.

The imposition of holdbacks in these cases is also warranted
because no plan has been filed, and the outcome of the
confirmation process is unknown, the US Trustee avers.  Moreover,
the final outcome of these bankruptcy cases is an important factor
in evaluating the results achieved by all applicants. Since those
results still are not close to being known, the imposition of a
uniform interim percentage holdback is appropriate, she asserts.

                     WTC's Omnibus Response

Wilmington Trust Company, the Indenture Trustee tells the Court
and the Debtors' professionals that it supports a system that
keeps administrative expenses in check; it also understands the
importance of efficiency in these cases.

WTC says that it believes that it is of the utmost importance that
the Professionals retained by the Official Committee of Unsecured
Creditors be fully compensated for their work in analyzing and
negotiating the wide range of issues affecting unsecured creditor
recoveries.  Put this way, the Committee can make informed
decisions in accordance with its fiduciary duties.

Absent the ability to fully compensate its professionals for their
work, the Committee's role could be marginalized and reduced to
rubber stamping the decisions made and actions taken by the
Debtors, which is neither fair to the Committee Professionals nor
beneficial to the estate or its creditors, WTC avers.

                         *     *     *

In separate stipulations, the Debtors agreed with certain of its
bankruptcy professionals to adjourn the hearing to consider their
First Interim Fee Application from April 29, 2010 to a specific
date that the Court will set to hear their Second Interim Fee
Applications.  The parties are:

(1) Baker & McKenzie LLP,
(2) Brownfield Partners, LLC, and
(3) LFR Inc.

                       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 December 31, 2009, GM had total assets of US$136.295 billion
against total liabilities of US$107.340 billion.  At December 31,
2009, total equity was US$21.249 million.

                   About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  General Motors changed its name to Motors
Liquidation Co. following the sale of its key assets to a company
60.8% owned by the U.S. Government.

The Honorable Robert E. Gerber presides over the Chapter 11 cases.
Harvey R. Miller, Esq., Stephen Karotkin, Esq., and Joseph H.
Smolinsky, Esq., at Weil, Gotshal & Manges LLP, assist the Debtors
in their restructuring efforts.  Al Koch at AP Services, LLC, an
affiliate of AlixPartners, LLP, serves as the Chief Executive
Officer for Motors Liquidation Company.  GM is also represented by
Jenner & Block LLP and Honigman Miller Schwartz and Cohn LLP as
counsel.  Cravath, Swaine, & Moore LLP is providing legal advice
to the GM Board of Directors.  GM's financial advisors are Morgan
Stanley, Evercore Partners and the Blackstone Group LLP.

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


GENERAL MOTORS: GM & Opel Workers Reach Accord
----------------------------------------------
Pursuant to an agreement, workers at Adam Opel GmbH have allowed
General Motors Co. to implement "unspecified job cuts and
concessions slash" to slash labor costs by $332.5 million as part
of an effort to restructure Opel.

The Agreement provides that most of the savings will come out of
Opel's operations in Germany.  The deal also includes a pledge to
produce a small Opel car.  "We need to keep innovating in new
technologies and products to maintain Opel-Vauxhall as a leading
European automotive company that can compete worldwide," Mr.
Reilly said in a statement to The Detroit News.

Workers have also agreed to (i) give up a one-time bonus and
accept reduced vacation and Christmas bonuses, and (ii) postpine a
previously negotiated 2.7 percent salary hike.  "The negotiations
were not easy," Opel Chief Executive Nick Reilly told the
newspaper, noting that "the company was damaged by the global
crisis and has to restructure to recognize a lower industry."

To further its restructuring efforts, GM has also pledged to
increase funding for the reorganization of its Adam Opel GmbH
unit, Businessweek reports, citing GM's German-aid application.

After European governments compelled the Company to up its
EUR600 million in equity that it originally pledged, GM tripled
its contribution in March 2010, the report adds.

"I'm very skeptical about GM's request for state aid," Joachim
Pfeiffer, parliamentary spokesman on economic policies for
Chancellor Angela Merkel's Christian Democratic Union, said in a
telephone interview with Businessweek, adding that "it's clear
that GM definitely has enough cash to restructure Opel by
themselves."

GM plans to seek bank loans and is asking the German government
only for loan guarantees, not grants, Opel spokesman Stefan
Weinmann told The Detroit News.  The German government is expected
to make a decision in early June.  According to the German news
weekly Focus, Mr. Reilly wrote to Economy Minister Rainer
Bruederle, and expressed the need for $1.6 billion in aid, the
newspaper said.

                       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 December 31, 2009, GM had total assets of US$136.295 billion
against total liabilities of US$107.340 billion.  At December 31,
2009, total equity was US$21.249 million.

                   About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  General Motors changed its name to Motors
Liquidation Co. following the sale of its key assets to a company
60.8% owned by the U.S. Government.

The Honorable Robert E. Gerber presides over the Chapter 11 cases.
Harvey R. Miller, Esq., Stephen Karotkin, Esq., and Joseph H.
Smolinsky, Esq., at Weil, Gotshal & Manges LLP, assist the Debtors
in their restructuring efforts.  Al Koch at AP Services, LLC, an
affiliate of AlixPartners, LLP, serves as the Chief Executive
Officer for Motors Liquidation Company.  GM is also represented by
Jenner & Block LLP and Honigman Miller Schwartz and Cohn LLP as
counsel.  Cravath, Swaine, & Moore LLP is providing legal advice
to the GM Board of Directors.  GM's financial advisors are Morgan
Stanley, Evercore Partners and the Blackstone Group LLP.

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


GENERAL MOTORS: Objects to Botha & Balintulo Class Claims
---------------------------------------------------------
Motors Liquidation Co. and its units ask Judge Robert Gerber to
expunge:

  (1) Claim Nos. 1206 and 7587 filed by Tozamile Botha, William
      Daniel Peters, Msitheli Wellington Nonyukela, Mantoa
      Dorothy Molefi, Nothini Betty Dyonashe, Nonkululeko Sylvia
      Ngcaka, Mirriam Mzamo, Mncekeleli Henyn Simangentloko, and
      Hans Langford Phiri, or the Botha Plaintiffs; and

  (2) Claim No. 10162 filed by Sakwe Balintulo, Dennis Vincent
      Frederick Brutus, Mark Fransch, Elsie Gishi, Lesiba
      Kekana, Archington Madondo, Mpho Alfred Masemola, Michael
      Mbele, Mamosadi Catherine Mlangeni, Reuben Mphela, Thulani
      Nunu, Thandiwe Shezi, and Thobile Sikani, or the Balintulo
      Plaintiffs.

                    The Botha Claim

Harvey R. Miller, Esq., at Weil Gotshal & Manges LLP, in New York,
says, relates that in August 2009, the Botha Plaintiffs filed a
Claim No. 1206.  In October 2009, they filed Claim No. 7587, which
was "virtually identical" with the Claim No. 7587.  The Botha
Putative Class Claims were not certified as class actions before
the Petition Date, and they remain uncertified.
Further, the Botha Plaintiffs have not sought class certification
from this Court.

The Botha Putative Class Claims each attach the same purported
class action complaint -- originally filed in the U.S. District
Court of the Southern District of New York -- alleging causes of
action for (i) "apartheid as a crime against humanity," (ii)
"extrajudicial killing;" iii) "torture" and (iv) "cruel, inhuman
or degrading treatment."  These Allegations purportedly arise from
the Debtors' alleged participation in apartheid in South Africa,
which led to the violation of the human rights of black
South Africans, including the Debtors' production of military
vehicles used by the "security forces . . . in violating the human
right of thousands of South Africans.

The Botha Plaintiffs seek, through their complaint (i)
compensatory damages, "including general and special damages,"
(ii) punitive damages, (iii) disgorgement of profits, and (iv)
costs of suit, including attorneys' fees.  The amount of the Botha
Putative Class Claims is "TBD," as "[t]he amount of this claim is
contingent based upon pending litigation as outlined in the
attached Complaint."

                      The Balintulo Claim

The Balintulo Putative Class Claim attaches a Corrected Second
Amended Complaint which claims jurisdiction under the Alien Tort
Claims Act, on behalf of four "distinct classes" consisting of (i)
the "Extrajudicial Killing Class", (ii) the "Torture Class," (iii)
the "Detention Class" and (iv) the "Cruel Treatment Class."

The Balintulo Complaint alleges two "counts" against the Debtors,
consisting of counts "for the crime of apartheid," and alleges
that the Debtors "provided substantial assistance to the South
African security forces through material, logistical, financial,
and/or other means of practical support, knowing that those
activities constituted violations of international norms toward
[the Balintulo Plaintiffs] and the [C]lasses."

The Balintulo Plaintiffs further allege that the Debtors'
"practical assistance to the South African security forces had a
substantial effect on the perpetration of its criminal and
tortuous activities and was provided with the purpose of
facilitating those activities," and that the Debtors "aided and
abetted, participated in a joint criminal enterprise with, were
reckless in dealing with, participated in a joint venture with,
and/or ratified the actions of the Apartheid regime, which
committed the alleged crimes."

Mr. Miller explains that whether to permit a class claim to
proceed "lies within the sound discretion of the bankruptcy
court." The Apartheid-Related Putative Class Claims, however,
should be disallowed in their entirety because, among other
things:

  * the Plaintiffs have failed to satisfy the basic procedural
    requirements of Rules 9014 and 2019(a) of the Federal Rules
    of Bankruptcy Procedure;

  * the Putative Classes do not satisfy Rule 23 of the Federal
    Rules of Civil Procedure; and

  * even if the Putative Classes did satisfy Rule 23, the
    benefits that generally support class certification in civil
    litigation are not realizable in the Debtors' Chapter 11
    cases.

Specifically, the Apartheid-Related Putative Class Claims do not
satisfy Rule 23 because the Plaintiffs are neither typical of the
putative classes nor adequate class representatives, and because
numerous issues of fact would predominate over any common
questions, Mr. Miller contends.

Among other reasons, common issues of law and fact cannot
predominate over individual issues peculiar to individualized
plaintiffs who allege a startingly diverse range of injuries,
including extrajudicial killing, torture, and cruel, inhuman, and
degrading treatment, Mr. Miller adds.

Allowing the Apartheid-Related Putative Class Claims to proceed
could drain the estates' limited resources if additional notice is
required to be given by the Debtors to the putative class members,
which would appear to consist of each and every black South
African citizen.  But even worse, the confirmation of a plan of
liquidation and the distribution of the Debtors' assets could be
delayed while the Apartheid-Related Putative Class Claims are
litigated and liquidated, Mr. Miller tells the Court.

Alternatively, Mr. Miller says, in the event that the Court finds
it appropriate to permit part or all of the Apartheid-Related
Putative Class Claims to proceed as class claims, the Claims must
be immediately estimated pursuant to Section 502(c) of the
Bankruptcy Code.  Thus, the Debtors request that an expedited
procedure promptly be established to quickly estimate and
liquidate those Claims.

                       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 December 31, 2009, GM had total assets of US$136.295 billion
against total liabilities of US$107.340 billion.  At December 31,
2009, total equity was US$21.249 million.

                   About Motors Liquidation

General Motors Corporation and three of its affiliates filed for
Chapter 11 protection on June 1, 2009 (Bankr. S.D.N.Y. Lead Case
No. 09-50026).  General Motors changed its name to Motors
Liquidation Co. following the sale of its key assets to a company
60.8% owned by the U.S. Government.

The Honorable Robert E. Gerber presides over the Chapter 11 cases.
Harvey R. Miller, Esq., Stephen Karotkin, Esq., and Joseph H.
Smolinsky, Esq., at Weil, Gotshal & Manges LLP, assist the Debtors
in their restructuring efforts.  Al Koch at AP Services, LLC, an
affiliate of AlixPartners, LLP, serves as the Chief Executive
Officer for Motors Liquidation Company.  GM is also represented by
Jenner & Block LLP and Honigman Miller Schwartz and Cohn LLP as
counsel.  Cravath, Swaine, & Moore LLP is providing legal advice
to the GM Board of Directors.  GM's financial advisors are Morgan
Stanley, Evercore Partners and the Blackstone Group LLP.

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


GENERAL MOTORS: Trafalet Wins Nod for Stutzman as Counsel
---------------------------------------------------------
Dean M. Trafelet, in his capacity as proposed legal representative
for future asbestos personal injury claimants against Motors
Liquidation Co. and its units, obtained Judge Robert Gerber's
permission to employ Stutzman, Bromberg, Esserman & Plifka, A
Professional Corporation, as his counsel, nunc pro tunc
February 24, 2010.

Mr. Trafelet avers that Stutzman is qualified to represent him in
the Debtors' Chapter 11 cases because of the firm's extensive
experience and knowledge in the field of corporate reorganization
and debtors' and creditors' rights.  In particular, SBEP has
significant expertise in bankruptcy cases involving mass tort
liabilities like the Debtors' cases, he adds.

Mr. Trafelet specifies that Sander L. Esserman, Esq., president
and a shareholder of Stutzman, was the court-appointed legal
representative for future asbestos claimants in the
administratively consolidated cases of, among others, National
Gypsum Company and Aancor Holdings Company.  Stutzman also serves
as general counsel to numerous trusts established under Section
524(g) of the Bankruptcy Code.  The firm also has considerable
experience in general corporate, real estate, litigation and tax
matters, says Mr. Trafelet.

As counsel to Mr. Trafelet, Stutzman will:

  (1) advise the Future Claimants' Representative with respect
      to his rights and obligations as Future Claimants'
      Representative for the future claimants and regarding
      other matters of bankruptcy law;

  (2) take actions necessary to protect and maximize the value
      of the Debtors' estate for the purpose of making
      distributions to future claimants and to represent Mr.
      Trafelet in connection with negotiating, drafting,
      confirming and implementing a plan of reorganization, and
      performing other functions to effectively represent the
      interests of the Future Claimants;

  (3) prepare, on behalf Mr. Trafelet, necessary applications,
      motions, objections, answers, orders, reports and other
      legal papers in connection with the administration of the
      Chapter 11 cases;

  (4) represent the Future Claimants' Representative at any
      proceeding or hearing before the Bankruptcy Court and in
      any action in any other court where Future Claimants'
      rights or interests may be litigated or affected; and

  (5) perform other legal services and other support requested
      by Mr. Trafelet in connection with the Chapter 11 cases.

Stutzman's professionals will be paid in accordance with these
hourly rates:

  Professional                Designation         Hourly Rate
  ------------                -----------         -----------
  Steven A. Felsenthal, Esq.  Shareholder             $725
  Sander L. Esserman, Esq.    Shareholder             $725
  Robert T. Brousseau, Esq.   Shareholder             $550
  Peter C. D'Apice, Esq.      Shareholder             $525
  David A. Klingler, Esq.     Shareholder             $425
  Jacob L. Newton, Esq.       Shareholder             $425
  Jo E. Hartwick, Esq.        Shareholder             $395
  Andrea L. Ducayet, Esq.     Shareholder             $385
  David J. Parsons, Esq.      Associate               $385
  William LePage, Esq.        Associate               $375
  Cliff I. Taylor, Esq.       Associate               $375
  Terrie D. Khoshbin, Esq.    Associate               $325
  Briana L. Cioni, Esq.       Associate               $300
  Heather J. Panko, Esq.      Associate               $300
  Rachael L. Stringer, Esq.   Associate               $250
  Cindy L. Jeffery            Paralegal               $175
  Heather Kennedy             Paralegal               $175
  Rosalinda Guerra            Paralegal               $165
  Melanie R. Fain             Paralegal                $95
  Gina Silva                  Paralegal                $95

The Stutzman Professionals will also be reimbursed for their out-
of-pocket expenses.

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

                       About General Motors

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

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

At December 31, 2009, GM had total assets of US$136.295 billion
against total liabilities of US$107.340 billion.  At December 31,
2009, total equity was US$21.249 million.

                   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)


GLOBAL FOOD: Posts $930,000 Net Loss in Q1 2010
-----------------------------------------------
Global Food Technologies, Inc., filed its quarterly report on Form
10-Q, reporting a net loss of $930,390 on $321,324 of revenue for
the three months ended March 31, 2010, compared with a net loss of
$904,564 on zero revenue for the same period ended March 31, 2009.

The Company's balance sheet as of March 31, 2010, showed
$2,043,622 in assets and $3,041,286 of liabilities, for a
stockholders' deficit of $997,664.

Squar, Milner, Peterson, Miranda & Williamson, LLP, in Newport
Beach, Calif., expressed substantial doubt about the Company's
ability to continue as a going concern after auditing the
Company's financial statements for the year ended December 31,
2009.  The independent auditors noted that the Company has an
accumulated deficit of $60,616,273 at December 31, 2009, has
negative cash flow from operations of $3,555,061 for the year
ended December 31, 2009, and has negative working capital at
December 31, 2009.

At March 31, 2010, the Company has accumulated losses totaling
$61,546,663, negative working capital of $1,995,944, and negative
cash flows from operations of $604,454 for the quarter ended
March 31, 2010.

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

               http://researcharchives.com/t/s?63ab

Hanford, Calif.-based Global Food Technologies, Inc. is a life
sciences company engaged in the commercialization of food safety
applications for: (1) its proprietary scientific food processing
technologies; (2) its iPura(TM) Food Safety and Quality Assurance
Service Program; (3) the promotion and sales of food products that
have been treated under the iPura(TM) Program and bear its
iPura(TM) consumer food safety seal; and (4) licensing of the
iPura seal.


GOLDEN BEAR: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Golden Bear Academy, Inc.
        5353 Gulf Boulevard, Suite 301
        Saint Petersburg, FL 33706

Bankruptcy Case No.: 10-12682

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       Middle District of Florida (Tampa)

Judge: Caryl E. Delano

Debtor's Counsel: Buddy D. Ford, Esq.
                  115 N. MacDill Avenue
                  Tampa, FL 33609-1521
                  Tel: (813) 877-4669
                  Fax: (813) 877-554
                  E-mail: Buddy@tampaesq.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 Karina E. Hanze, president.


GREGORY MORRIS: Taps Robert O Lampl, et al., as Bankr. Counsel
--------------------------------------------------------------
Gregory S. Morris has asked for authorization from the U.S.
Bankruptcy Court for the Western District of Pennsylvania to
employ Robert O Lampl, John P. Lacher and Elsie R. Lampl as
bankruptcy counsel.

Robert O Lampl, et al., will, among other things:

     a. assist in the administration of his Estate and to
        represent the Debtor on matters involving legal issues
        that are present or are likely to arise in the case;

     b. prepare any legal documentation on behalf of the Debtor;

     c. review reports for legal sufficiency; and

     d. furnish information on legal matters regarding legal
        actions and consequences and for all necessary legal
        services connected with Chapter 11 proceedings including
        the prosecution and/or defense of any adversary
        proceedings.

Robert O Lampl, et al., will be paid based on the hourly rates of
its personnel:

        Robert O Lampl                 $400
        John P. Lacher                 $375
        James R. Cooney                $375
        Elsie R. Lampl                 $250
        Paralegal                      $125

To the best of the Debtor's knowledge, Robert O Lampl, et al., are
"disinterested" as that term is defined in Section 101(14) of the
Bankruptcy Code.

Hollidaysburg, Pennsylvania-based Gregory S. Morris filed for
Chapter 11 bankruptcy protection on May 16, 2010 (Bankr. W.D. Pa.
Case No. 10-70574).  The Company estimated its assets and debts at
$10,000,001 to $50,000,000.


GSC INVESTMENT: Ernst & Young Raises Going Concern Doubt
--------------------------------------------------------
GSC Investment Corp. filed on May 28, 2010, its annual report on
Form 10-K for the year ended February 28, 2010.

Ernst & Young LLP, in New York, expressed substantial doubt about
the Company's ability to continue as a going concern.  The
independent auditors noted that the company remained in default of
its Revolving Facility.  "As a result of the default, the
Company's lender has the right to accelerate repayment of the
outstanding indebtedness and foreclose and liquidate the
collateral pledged."

On April 14, 2010, the Company entered into a definitive agreement
with Saratoga Investment Advisors, LLC and CLO Partners LLC and
announced a $55 million recapitalization plan to cure the debt
default.  The recapitalization plan includes Saratoga and CLO
Partners purchasing roughly 9.8 million shares of common stock of
GSC Investment Corp. for $1.52 per share pursuant to a definitive
stock purchase agreement and a commitment from Madison Capital
Funding LLC to provide the Company with a $40 million senior
secured revolving credit facility.  Upon the closing of the
transaction, the Company will immediately borrow funds under the
new credit facility that, when added to the $15 million equity
investment, will be sufficient to repay the full amount of the
Company's existing debt and to provide the Company with working
capital thereafter. The plan is subject to shareholder approval.

The Company reported a net loss of $10.5 million on $15.6 million
of total investment income for the year ended February 28, 2010,
compared with a net loss of $21.3 million on $23.4 million of
total investment income for the year ended February 28, 2009.

The Company's balance sheet as of February 28, 2010, showed
$96.9 million in assets, $41.4 million of liabilities, and
$55.5 million of net assets.

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

               http://researcharchives.com/t/s?63b7

Headquartered in Florham Park, N.J., GSC Investment Corp. (NYSE:
GNV) is a specialty finance company that invests primarily in
leveraged loans and mezzanine debt issued by U.S. middle-market
companies, high yield bonds and collateralized loan obligations.
It has elected to be treated as a business development company
under the Investment Company Act of 1940.  The Company may also
opportunistically invest in distressed debt, debt issued by non-
middle market companies, and equity securities issued by middle
and non-middle market companies.


GULF FLEET: Schedules Deadline Extended Until June 27
-----------------------------------------------------
The Hon. Robert Summerhays of the U.S. Bankruptcy Court for the
Western District of Louisiana extended, at the behest of Gulf
Fleet Holdings, Inc., et al., the deadline for the filing of
schedules of assets and liabilities and statement of financial
affairs for an additional 30 days or until June 27, 2010.

The Debtors' schedules and statements were initially due on
May 28, 2010, but the Debtors asked for additional time to gather
together the necessary information to complete their schedules and
statements.


GULF FLEET: Gets Interim Nod to Hire Lugenbuhl as Bankr. Counsel
----------------------------------------------------------------
Gulf Fleet Holdings, Inc., et al., sought and obtained interim
authorization from the Hon. Robert Summerhays of the U.S.
Bankruptcy Court for the Western District of Louisiana to employ
Lugenbuhl, Wheaton, Peck, Rankin & Hubbard as bankruptcy counsel.

Lugenbuhl Wheaton will give the Debtors legal advice with respect
to the Debtors' business and management of the Debtors' property,
and perform all legal services for the debtor-in-possession which
may be necessary herein.

Lugenbuhl Wheaton will be paid based on the hourly rates of its
personnel:

     Stewart F. Peck                    $375
     Christopher T. Caplinger           $275
     Benjamin W. Kadden                 $235
     Other Associates                   $215
     Paralegals                          $90

To the best of the Debtors' knowledge, Lugenbuhl Wheaton is
"disinterested" as that term is defined in Section 101(14) of the
Bankruptcy Code.

A final hearing is set for June 8, 2010, at 10:00 a.m. on the
Debtors' request for authorization to employ Lugenbuhl Wheaton as
bankruptcy counsel.

Lafayette, Lousiana-based Gulf Fleet Holdings, Inc. -- along with
affiliates Star Marine, LLC; Gulf Wind, LLC; Gulf Service, LLC;
Gulf Worker, LLC; Hercules Marine, LLC; Gulf Fleet, LLC; Gulf
Fleet Marine, Inc.; Gulf Fleet Management, LLC; Gulf Fleet
Offshore, LLC; and Gulf Ocean Marine Services, LLC -- filed for
Chapter 11 bankruptcy protection on May 14, 2010 (Bankr. W.D. La.
Case No. 10-50713).  The Company listed $100,000,001 to
$500,000,000 in assets and $50,000,001 to $100,000,000 in
liabilities.


GULF FREEWAY: Case Summary & 4 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Gulf Freeway Plaza LLC
        fdba La Hacienda Business Park LLC
        9333 Bryant St.
        Houston, TX 77075

Bankruptcy Case No.: 10-34332

Chapter 11 Petition Date: May 27, 2010

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Jeff Bohm

Debtor's Counsel: John L. Green, Esq.
                  4888 Loop Central Dr
                  Ste 445
                  Houston, TX 77081
                  Tel: (713) 660-7400
                  Fax: (713) 660-9921
                  E-mail: jlgreen488@aol.com

Scheduled Assets: $12,700,000

Scheduled Debts: $6,180,532

A list of the Company's 4 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/txsb10-34332.pdf

The petition was signed by Gilberto Ramirez, Sr., managing member.


HARVARD GRAND: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Harvard Grand Investment, Inc., a California corporation
        2 Civic Plaza Drive
        Carson, CA 90745

Bankruptcy Case No.: 10-31833

Chapter 11 Petition Date: May 28, 2010

Court: U.S. Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Barry Russell

Debtor's Counsel: David B. Golubchik, Esq.
                  Levene Neale Bender Rankin & Brill LLP
                  10250 Constellation Boulevard, Suite 1700
                  Los Angeles, CA 90067
                  Tel: (310) 229-1234
                  E-mail: dbg@lnbrb.com

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

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

According to the schedules, the Company says that assets total $
while debts total $

The petition was signed by Chang Hun (James) Lee, chairman and
authorized agent.

Debtor's List of 20 Largest Unsecured Creditors:

        Entity                      Nature of Claim   Claim Amount
        ------                      ---------------   ------------
Los Angeles County Tax Collector    Taxes                 $266,973
P.O. Box 54978
Los Angeles, CA 90054-0978

City of Carson Revenue Division     Room Taxes            $159,036
701 East Carson Street
Carson, CA 90745

Hilton Hotels Corp (franchise fees) Franchisor            $131,500
4649 Payspehere Circle
Chicago, IL 60674

Goldberg & Solovy Foods             Vendor                 $36,502

Sysco Food Svcs of Los Angeles      Vendor                 $19,777

West Central Produce                Vendor                 $16,709

Southern California Edison          Utilities              $12,858

Mitsubishi Elevator                 Vendor                 $10,727

Guest Supply                        Vendor                 $10,140

Hotel Connections                   Vendor                  $9,217

Le Chef Bakery                      Vendor                  $9,010

Ecolab                              Vendor                  $7,494

Santa Monica Seafood                Vendor                  $6,585

Alpha Appraisal & Consulting        Consulting              $6,000

LodgeNet                            Vendor                  $5,350

Southern Wine & Spirits             Vendor                  $4,979

TravelCLICK, Inc.                   Vendor/Advertising      $4,703

The Gas Company                     Utilities               $4,505

Daniels                             --                      $3,722

Starbucks Coffee Co.                Vendor                  $3,652


HASKELL SITE: Organizational Meeting to Form Panel on June 10
-------------------------------------------------------------
Roberta A. DeAngelis, Acting United States Trustee for Region 3,
will hold an organizational meeting on June 10, 2010, at
11:00 a.m. in the bankruptcy case of Haskell Site Work, LLC.  The
meeting will be held at United States Trustee's Office, One Newark
Center, 21st Floor, Room 2106, Newark, NJ 07102.

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.

West Creek, New Jersey-based Haskell Site Work, LLC, filed for
Chapter 11 bankruptcy protection on May 19, 2010 (Bankr. D. N.J.
Case No. 10-25345).  Morris S. Bauer, Esq., at Norris McLaughlin &
Marcus, PA, assists the Company in its restructuring effort.  The
Company listed up to $50,000 in assets and $1,000,001 to
$10,000,000 in debts.


HILLWOOD MANOR: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Hillwood Manor JV, LLP
        5309 38th Avenue
        Hyattsville, MD 20781

Bankruptcy Case No.: 10-21979

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       District of Maryland (Greenbelt)

Debtor's Counsel: Ronald J. Drescher, Esq.
                  Drescher & Associates
                  4 Reservoir Circle, Suite 107
                  Baltimore, MD 21208
                  Tel: (410) 484-9000
                  E-mail: ecf@drescherlaw.com

Estimated Assets: $0 to $50,000

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 Cathy S. Bernard, managing general
partner.


HONOLULU SYMPHONY: Revamps Business Plan
----------------------------------------
The Wall Street Journal reports that Honolulu Symphony, facing an
Oct. 15 deadline for a formal reorganization plan, has outlined a
new business plan which contemplates lower expenses and fewer
performances in smaller venues.  The new plan is aimed at
addressing years of financial woes that drove the organization
into bankruptcy protection last December.

According to The Journal, the symphony's leaders say they're
aiming to cut $8 million in annual expenses in half.

The union representing the symphony's musicians, however, has
expressed apprehension over the Plan.  According to The Journal,
Jonathan Parrish, vice chairman of the union's musicians'
committee, said any new business plan first needs a "vision of a
vibrant professional orchestra" that serves, promotes and is a
source of pride for the state of Hawaii -- a vision Parrish says
the symphony currently lacks.

Honolulu Symphony filed for Chapter 11 on Dec. 18, 2009 in its
hometown (Bankr. D. Hawaii Case No. 09-02978), saying assets are
less than $500,000 while debt exceeds $1 million.  The symphony
blamed the filing on a decline in donations which left the
orchestra unable to cover costs, since ticket sales represent only
30% of the budget.  The symphony said it would use Chapter 11 to
reorganize fundraising activities.


INTERNATIONAL FUEL: Posts $650,700 Net Loss in Q1 2010
------------------------------------------------------
International Fuel Technology, Inc., filed its quarterly report on
Form 10-Q, reporting a net loss of $650,697 on $48,696 of revenue
for the three months ended March 31, 2010, compared with a net
loss of $1,041,219 on $76,331 of revenue for the same period of
2009.

The Company's balance sheet as of March 31, 2010, showed
$4,738,631 in assets, $4,019,397 of liabilities, and $719,234 of
stockholders' equity

As reported in the Troubled Company Reporter on April 7, 2010,
BDO Seidman, LLP, in Chicago, expressed substantial doubt about
the Company's ability to continue as a going concern after
auditing the Company's financial statements for the year ended
December 31, 2009.  The independent auditors noted that the
Company has suffered recurring losses from operations, has a
working capital deficit at December 31, 2009, and has cash
obligations and outflows from operating activities.

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

               http://researcharchives.com/t/s?63a2

St. Louis, Mo.-based International Fuel Technology, Inc. is a
technology company that has developed a range of liquid fuel
additive formulations that enhance the performance of petroleum-
based fuels and renewable liquid fuels.


J & P ACQUISITION: Taps Levy Law as Bankruptcy Counsel
------------------------------------------------------
J & P Acquisition, Inc., and Jackson & Perkins Wholesale, Inc.,
have asked for authorization from the U.S. Bankruptcy Court for
the District of South Carolina to employ Levy Law Firm, LLC, as
bankruptcy counsel.

Levy Law will:

     (a) provide to J & P Acquisition legal advice with respect to
         J & P Acquisition's powers and duties as debtor in the
         management and disposition of its property;

     (b) prepare applications, motions, pleadings, objections,
         memoranda, briefs, orders, reports and other legal papers
         as may be necessary or appropriate in this case;

     (c) provide to J & P Acquisition legal advice and assistance
         in the development of a plan of reorganization, a
         disclosure statement, and other pleadings and documents
         relating to the disposition of assets and the payment and
         treatment of claims against the bankruptcy estate; and

     (d) provide to J & P Acquisition legal advice on various
         other matters that may arise in this case.

Levy Law will be paid based on the hourly rates of its personnel:

         R. Geoffrey Levy, Attorney                   $400
         Susan M. Levy, Attorney                      $250
         Robin C. Osborne, Paralegal                  $150
         Brien P. Levy, Paralegal                     $100

R. Geoffrey Levy, a member at Levy Law, assures the Court that the
firm is "disinterested" as that term is defined in Section 101(14)
of the Bankruptcy Code.

Hodges, South Carolina-based J & P Acquisition, Inc., filed for
Chapter 11 bankruptcy protection on May 10, 2010 (Bankr. D.S.C.
Case No. 10-03363).  R. Geoffrey Levy, Esq., who has an office in
Columbia, South Carolina, assists the Company in its restructuring
effort.  According to its schedules, the Company listed $18,562 in
assets and $35,868,145 in debts.


JACKLIN ASSOCIATES: Case Summary & 8 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Jacklin Associates, Inc.
        259 Radnor Chester Road
        Radnor, PA 19087

Bankruptcy Case No.: 10-14408

Chapter 11 Petition Date: May 27, 2010

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

Judge: Eric L. Frank

Debtor's Counsel: Maureen P. Steady, Esq.
                  12000 Lincoln Drive West
                  Suite 208
                  Marlton, NJ 08053
                  Tel: (856) 396-0540
                  Fax: (609) 482-8011
                  E-mail: maureen.steady@gmail.com

Scheduled Assets: $798,095

Scheduled Debts: $34,764,994

A list of the Company's 8 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/paeb10-14408.pdf

The petition was signed by John N. Irwin, president.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
John N. Irwin                          10-14407    05/27/10


JAIME SHEPERD: Case Summary & 19 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Jaime M. Sheperd
        P.O. Box 2030
        Port Angeles, WA 98362

Bankruptcy Case No.: 10-16040

Chapter 11 Petition Date: May 27, 2010

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

Judge: Samuel J. Steiner

Debtor's Counsel: James W. Shafer, Esq.
                  Shafer & Bailey
                  1218 3rd Ave Ste 1808
                  Seattle, WA 98101
                  Tel: (206) 682-4802
                  E-mail: jameswshafer@qwestoffice.net

Estimated Assets: $50,001 to $100,000

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

A list of the Company's 19 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/wawb10-16040.pdf

The petition was signed by Jaime M. Sheperd.


JAMES LEMON: Case Summary & 10 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: James Edward Lemon
        1655 Eucalyptus Court
        Los Banos, CA 93635

Bankruptcy Case No.: 10-15924

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       Eastern District of California (Fresno)

Judge: W. Richard Lee

Debtor's Counsel: Anthony Delas, Esq.
                  777 N First Street #325
                  San Jose, CA 95112
                  Tel: (408) 293-0880

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

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

According to the schedules, the Debtor says that assets total
$192,150 while debts total $1,343,998.

A copy of the Debtor's list of 10 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/caeb10-15924.pdf

The petition was signed by the Debtor.


JOHN D OIL: Posts $92,400 Net Loss in Q1 2010
---------------------------------------------
John D. Oil and Gas Company filed its quarterly report on Form
10-Q, reporting a net loss of $92,359 on $819,571 of revenue for
the three months ended March 31, 2010, compared with net income of
$120,613 on $1,440,359 of revenue for the same period ended
March 31, 2009.

The Company's balance sheet as of March 31, 2010, showed
$10,141,265 in assets and $11,941,625 of liabilities, for a
stockholders' deficit of $1,800,360.

As reported in the Troubled Company Reporter on April 1, 2010,
Maloney + Novotny LLP, in Cleveland, Ohio, expressed substantial
doubt about the Company's ability to continue as a going concern
after auditing the Company's financial statements for the year
ended December 31, 2009.  The independent auditors noted that the
Company has suffered recurring losses and has $10.6 million of
debt currently due and in default.

At March 31, 2010, the Company's liabilities exceed its assets.
The Company's $9.5 million line of credit with RBS Citizens, N.A.
d/b/a Charter One, was due August 1, 2009, and is in default.  On
August 24, 2009, Charter One received a judgment in its favor
against the Company and Richard Osborne, the Company's Chairman
and CEO, related to this debt.  The Company does not have the
available cash to repay the line of credit with Charter One.
Charter One has asked the court to appoint a receiver for the
Company.  At a May 7, 2010 hearing on the receiver request, the
judge set the case for mediation on May 20, 2010.  The Company is
still negotiating with Charter One to extend or refinance the line
of credit or obtaining substitute financing.  "If the Company is
unsuccessful, there is substantial doubt at March 31, 2010, about
the Company's ability to continue as a going concern."

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

               http://researcharchives.com/t/s?63a4

Mentor, Ohio-based John D. Oil and Gas Company is engaged in oil
and natural gas exploration in Northeast Ohio.  At March 31, 2010,
the Company had fifty-eight wells in production.


JOHN IRWIN: Case Summary & 17 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: John Nagel Irwin
        610 Lindsay Circle
        Villanova, PA 19085

Bankruptcy Case No.: 10-14407

Chapter 11 Petition Date: May 27, 2010

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

Judge: Eric L. Frank

Debtor's Counsel: Jeffrey Kurtzman, Esq.
                  Klehr, Harrison, Harvey, Branzberg
                  260 South Broad Street
                  Philadelphia, PA 19102
                  Tel: (215) 569-4493
                  E-mail: jkurtzman@klehr.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 17 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/paeb10-14407.pdf

The petition was signed by John Nagel Irwin.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Jacklin Associates, Inc.               10-14408    05/27/10


JOHN MABREY: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: John A. Mabrey
        19614 Franklin Street
        Omaha, NE 68022

Bankruptcy Case No.: 10-81597

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       District of Nebraska (Omaha Office)

Debtor's Counsel: Patrick Raymond Turner, Esq.
                  Husch Blackwell Sanders LLP
                  1620 Dodge Street, Suite 2100
                  Omaha, NE 68102
                  Tel: (402) 964-5093
                  Fax: (402) 964-5050
                  E-mail: patrick.turner@huschblackwell.com

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

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.


KAMBIZ TEHRANCHI: Case Summary & 19 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Kambiz Tehranchi
        2160 Century Park East # 206
        Los Angeles, CA 90067

Bankruptcy Case No.: 10-31745

Chapter 11 Petition Date: May 28, 2010

Court: U.S. Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Sheri Bluebond

Debtor's Counsel: Michael Jay Berger, Esq.
                  9454 Wilshire Boulevard 6th Floor
                  Beverly Hills, CA 90212-2929
                  Tel: (310) 271-6223
                  Fax: (310) 271-9805
                  E-mail: michael.berger@bankruptcypower.com

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

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

A copy of the Debtor's list of 19 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-31745.pdf

The petition was signed by the Debtor.


KENNETH STARR: Judge Appoints Interim Monitor for 3 Firms
---------------------------------------------------------
David Benoit at Dow Jones Newswires reports U.S. District Judge
Sidney H. Stein appointed Aurora Cassirer, Esq., at Troutman
Sanders as interim monitor to oversee three entities controlled by
Kenneth Ira Starr -- Starr Investment Advisors, Starr & Co., and
Colcave LLC.  Dow Jones says Ms. Cassirer was given authority to
approve all withdrawals and transactions above $1,000 and to
report, if possible, on whether Mr. Starr's three entities can
continue operations.

According to Dow Jones, Ms. Cassirer declined to comment.  Dow
Jones also says Judge Stein a full receiver would "very likely" be
appointed at a later date.

On May 27, 2010, Mr. Starr, the financial adviser to celebrities,
was accused by the Securities and Exchange Commission of a $30
million investment fraud.  Dow Jones says the appointment of an
interim monitor came after a lawyer for the SEC said there weren't
enough employees at the firms to handle a flood of investors'
withdrawal requests triggered by Mr. Starr's arrest on criminal
charges on Thursday.

In its May 27 statement, the SEC said it charged Manhattan-based
financial advisor Kenneth Ira Starr with fraud and is seeking an
emergency court order to freeze his assets after he stole client
money for his personal use, including the purchase last month of a
multi-million dollar apartment where he and his wife now reside.

The SEC alleges that Starr and two entities he controls -- Starr
Investment Advisors LLC and Starr & Company LLC -- have made
unauthorized transfers of money in client accounts that ultimately
wound up in Starr's personal accounts.  They violated securities
laws pertaining to investment advisers to perpetrate the scheme.

According to the SEC, most investment advisers do not maintain
physical custody of their clients' assets, and those assets are
instead held by qualified third-party custodians such as a
regulated bank or a registered broker-dealer.  In this case, the
SEC alleges that certain client assets were held in a safe in
Starr & Company's offices despite the fact that Starr and his
firms were not qualified custodians.  Their ability to steal
client funds was enhanced by the failure of Starr Investment
Advisors to comply with asset custody rules that require firms to
engage an independent public accountant to perform yearly surprise
examinations of client assets in the firm's custody.

"Starr breached his fiduciary duty as an investment adviser in the
most egregious manner possible -- he stole the funds his clients
entrusted to him," said George Canellos, Director of the SEC's New
York Regional Office.  "Starr betrayed the trust of some clients
who have looked to him for years for investment advice and
financial guidance."

According to the SEC's complaint, filed in federal court in
Manhattan, Starr and his companies transferred $7 million from the
accounts of three clients between April 13 and April 16, 2010,
without any authorization.  The transferred funds were ultimately
used to purchase a $7.6 million apartment on the Upper East Side
in Manhattan on April 16.  When one of the clients detected the
unauthorized transfer and demanded the money be returned, Starr
reimbursed that client with money siphoned from the account of
another client without authorization.  The other two investors
have not been reimbursed.

The SEC's complaint alleges that the unauthorized transfers in
April 2010 were not the only instances when Starr misappropriated
client funds. In August 2009, Starr and his entities began
transferring approximately $1.7 million from the personal account
of a client and from the account of a charity run by this client.
These were all unauthorized transfers. In April 2010, an
additional transfer of $750,000 was attempted from an account
belonging to this client. But this time, Starr's plans were
frustrated because the bank alerted the client, who then halted
the transfer. The client then reviewed the account transactions
and uncovered the unauthorized $1.7 million transfers in 2009.
When confronted about these transactions, Starr gave improbable
explanations before eventually reimbursing the client with money
that appears to have come from the bank account of another
unrelated party.

The SEC's complaint names two relief defendants in order to
recover client assets now in their possession:

    * Diane Passage -- Starr's wife with whom he has a joint bank
      account.

    * Colcave LLC -- An entity through which Starr purchased the
      apartment.

The SEC's complaint charges each of the three defendants with
violations of Sections 206(1) and 206(2) of the Investment
Advisers Act of 1940 and, further, charges Starr Investment
Advisors with violations of Section 206(4) of the Advisers Act and
Rule 206(4)-2(a)(1) thereunder. In addition to the emergency
relief, the SEC's complaint seeks permanent injunctions barring
future violations of the charged provisions of the federal
securities laws, disgorgement of the defendants' and relief
defendants' ill-gotten gains plus pre-judgment interest, and
financial penalties from the defendants.

Sanjay Wadhwa, Robert Murphy, Timothy Casey, Sandeep Satwalekar,
and George O'Kane of the New York Regional Office conducted the
SEC's investigation, which is continuing.  The SEC's litigation
effort will be led by Todd Brody. The SEC thanks the U.S.
Attorney's Office for the Southern District of New York, the New
York County District Attorney's Office, and the New York Office of
the Internal Revenue Service's Criminal Investigation Division for
their assistance in this matter.

Dow Jones notes Mr. Starr isn't the Kenneth Starr who served as
special prosecutor in the Whitewater investigation.


KIMBERLY CAPPOLLA: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Kimberly P. Cappolla
          aka Kim Cappolla
        1037 Ingleside Avenue
        Jacksonville, FL 32205

Bankruptcy Case No.: 10-04595

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       Middle District of Florida (Jacksonville)

Judge: Jerry A. Funk

Debtor's Counsel: Taylor J. King, Esq.
                  Law Offices of Mickler & Mickler
                  5452 Arlington Expressway
                  Jacksonville, FL 32211
                  Tel: (904) 725-0822
                  Fax: (904) 725-0855
                  E-mail: tjking@planlaw.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
$2,289,146 while debts total $2,806,556.

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/flmb10-04595.pdf

The petition was signed by the Debtor.


KYONG KIM: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: Kyong Hwa Kim
          aka Kyong Kim-Kawadri
        13451 Ward Way
        Saratoga, CA 95070

Bankruptcy Case No.: 10-55601

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       Northern District of California (San Jose)

Debtor's Counsel: Jenny Do, Esq.
                  Law Offices of Dan Do and Jenny Do
                  111 W. Saint John Street #888
                  San Jose, CA 95113
                  Tel: (408) 292-5505
                  E-mail: jenny.do@dolawgroup.com

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

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

The list of unsecured creditors filed together with its petition
does not contain any entry.

The petition was signed by the Debtor.


LARASCO INC: Case Summary & 6 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Larasco, Inc
        fka Puget Sound Leasing Co., Inc
        Larasco, Inc
        195 NE Gilman Blvd, Suite 101
        Issaquah, WA 98027

Bankruptcy Case No.: 10-03223

Chapter 11 Petition Date: May 27, 2010

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

Judge: Patricia C. Williams

Debtor's Counsel: John D. Munding, Esq.
                  Crumb & Munding
                  Davenport Tower, PH 2290
                  111 S. Post Street
                  Spokane, WA 99201
                  Tel: (509) 624-6464
                  Fax: (509) 624-6155
                  E-mail: munding@crumb-munding.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 6 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/waeb10-03223.pdf

The petition was signed by Richard A. Secord, president.


LEHMAN BROTHERS: Court OKs S&Y as Investment Adviser
----------------------------------------------------
Lehman Brothers Holdings Inc. and its affiliated debtors received
court approval to employ Stone & Youngberg LLC as their investment
adviser pursuant to Section 363(b) of the Bankruptcy Code.

The Debtors tapped the firm to assist them in the development and
implementation of a brokered certificate of deposit program.

Specifically, Stone & Youngberg will be tasked to assist the
Debtors in investing up to $1 billion of their cash in various
certificates of deposit through the program that are insured and
fully guaranteed by the Federal Deposit Insurance Company.  The
firm will be tasked to negotiate and purchase FDIC-insured
certificates of deposit on behalf of the Debtors from multiple
banks throughout the United States.

The Debtors intend to invest up to $500 million in certificates
of deposit with maturities of 1 year or less and up to
$500 million certificates of deposit with maturities of not later
than December 31, 2011.

Stone & Youngberg's fees for its services will be calculated as
of the last day of each month based on these specified annual
percentages of the Average Daily Market Value of Instruments in
the Account for that month:

  * First $100 million of Average Daily Market Value at 0.25%.

  * Amount in excess of $100 million of Average Daily Market
    Value at 0.195%.

  * The monthly fee will equal those amounts divided by 12.

  * The Average Daily Market Value of Instruments in the Account
    is, for any month, the sum of the Market Value of
    Instruments in the Account for each business day of that
    month, divided by the number of business days in that month.

Stone & Youngberg's employment will be governed by the terms and
conditions of a program services agreement, a copy of which is
available for free at:

         http://bankrupt.com/misc/LBHI_S&YEmployment.pdf

In connection with Stone & Youngberg's employment, the Debtors
also ask the Court to authorize the firm to hire independent
contractors, including Structural Investment Management LLC, for
assistance.

                       About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy September 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
listed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

On September 19, 2008, the Honorable Gerard E. Lynch, Judge of the
U.S. District Court for the Southern District of New York, entered
an order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI

The Bankruptcy Court has approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also
bought Lehman's operations in the Asia Pacific for US$225 million.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion
(US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


LEHMAN BROTHERS: Court OKs Sutherland as Tax Counsel
----------------------------------------------------
Lehman Brothers Holdings Inc. and its affiliated debtors won court
approval to employ Sutherland Asbill & Brennan LLP as special tax
counsel effective April 1, 2010.

As special tax counsel, Sutherland will be tasked to provide
services with respect to two audits conducted by the Internal
Revenue Service of the Debtors for the 2001-2005 and 2006-2007
tax years; the Debtors' claim to a refund of taxes for the 1997-
2000 tax years; claims filed by the State of New York and the
City of New York, and other tax-related issues.

In return for its services, Sutherland will be paid on an hourly
basis and will be reimbursed for its expenses.  The firm's hourly
rate ranges from $400 to $900 for partners, $240 to $680 for
associates and counsel, and $140 to $400 for paraprofessionals.

In a declaration, Jerome Libin, Esq., a partner at Sutherland,
assures the Court that neither the firm nor any of its attorneys
holds or represents interest adverse to the Debtors' estate.

                       About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy September 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
listed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

On September 19, 2008, the Honorable Gerard E. Lynch, Judge of the
U.S. District Court for the Southern District of New York, entered
an order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI

The Bankruptcy Court has approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also
bought Lehman's operations in the Asia Pacific for US$225 million.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion
(US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


LEHMAN BROTHERS: Has Nod to Restructure Agreement with PCCP
-----------------------------------------------------------
Lehman Brothers Holdings Inc. and its affiliated debtors received
court approval to restructure an agreement with PCCP LLC to cap
its claim at $2 million.

PCCP has filed a $2.8 million claim in LBHI's bankruptcy on
account of the 24% net distributions that it is entitled to
receive under the agreement known as contingent promote
agreement.  The claim could grow to about $7 million over the
next few years based on LBHI's estimate.

LBHI entered into the CPA with PCCP to provide Culver Studios
with a loan so it could pay its lender, iStar Tara LLC, and
prevent foreclosure of the 14.1-acre movie studio.  In return,
iStar's loan, which matured in October 2009, was extended for
another three years.

Through a subsidiary, LBHI owns an 89% stake in Culver Studios
while PCCP, which manages the property, owns 1% stake.  The
remaining 10% is owned by Picbengro LLC.

Alfredo Perez, Esq., at Weil Gotshal & Manges LLP, in New York,
says the request will ensure that LBHI is able to preserve its
relationship with PCCP which manages not only the Culver Studios
but LBHI's other real estate properties as well.

A copy of the amended Contingent Promote Agreement is available
for free at http://bankrupt.com/misc/LBHI_AmendedCPA.pdf

                       About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy September 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
listed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

On September 19, 2008, the Honorable Gerard E. Lynch, Judge of the
U.S. District Court for the Southern District of New York, entered
an order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI

The Bankruptcy Court has approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also
bought Lehman's operations in the Asia Pacific for US$225 million.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion
(US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


LEHMAN BROTHERS: Proposes to Hire Latham as Special Counsel
-----------------------------------------------------------
Lehman Brothers Holdings Inc. and its affiliated debtors sought
and obtained approval of the U.S. Bankruptcy Court for the
Southern District of New York to employ Latham & Watkins LLP as
their special counsel.

The Debtors tapped the firm to represent them in a workout of a
number of loans made to entities controlled by Alan J. Worden,
and provide advice concerning the matters raised in proofs of
claim against LBHI, which LBREM Reit Holdings LLC and El Toro LLC
filed in 2009.  Latham & Watkins will also represent Lehman
Commercial Paper Inc. under various credit agreements.

Latham & Watkins will be paid for its services on an hourly basis
and will be reimbursed for its expenses.  The firm's hourly rates
are:

  Professionals              Hourly Rates
  -------------             -------------
  Partners                  $780 - $1,090
  Counsel                     $755 - $885
  Associates                  $435 - $755
  Paralegals                  $190 - $340

In a declaration, Gregory Lunt, Esq., a partner at Latham &
Watkins, assures the Court that his firm does not hold interest
adverse to the Debtors' estates with respect to the matters for
which it is to be employed.

                       About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy September 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
listed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

On September 19, 2008, the Honorable Gerard E. Lynch, Judge of the
U.S. District Court for the Southern District of New York, entered
an order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI

The Bankruptcy Court has approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also
bought Lehman's operations in the Asia Pacific for US$225 million.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion
(US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


LEHMAN BROTHERS: Morgan Stanley Buys $1 Billion in Claims
---------------------------------------------------------
Linda Sandler at Bloomberg News reported May 25 that Morgan
Stanley bought about $1 billion in claims on bankrupt Lehman
Brothers Holdings Inc. from Credit Industriel et Commercial, a
holding company for French regional banks, and Banque Federative
du Credit Mutuel, according to court filings.  The purchase price
wasn't disclosed in the bankruptcy court filings.

According to other filings on May 24, Deutsche Bank AG bought two
$60 million Lehman claims from CME Group Inc., a derivatives
exchange, and more than $160 million in IOUs from Genworth Life
Insurance Co.

                       About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the
fourth largest investment bank in the United States.  For more
than 150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy September 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
listed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S. history.  Several other affiliates followed thereafter.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

On September 19, 2008, the Honorable Gerard E. Lynch, Judge of the
U.S. District Court for the Southern District of New York, entered
an order commencing liquidation of Lehman Brothers, Inc., pursuant
to the provisions of the Securities Investor Protection Act (Case
No. 08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee for the SIPA liquidation of the business of LBI

The Bankruptcy Court has approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for
US$1.75 billion.  Nomura Holdings Inc., the largest brokerage
house in Japan, purchased LBHI's operations in Europe for US$2
plus the retention of most of employees.  Nomura also
bought Lehman's operations in the Asia Pacific for US$225 million.

               International Operations Collapse

Lehman Brothers International (Europe), the principal UK trading
company in the Lehman group, was placed into administration,
together with Lehman Brothers Ltd, LB Holdings PLC and LB UK RE
Holdings Ltd.  Tony Lomas, Steven Pearson, Dan Schwarzmann and
Mike Jervis, partners at PricewaterhouseCoopers LLP, have been
appointed as joint administrators to Lehman Brothers International
(Europe) on September 15, 2008.  The joint administrators have
been appointed to wind down the business.

Lehman Brothers Japan Inc. and Lehman Brothers Holdings Japan Inc.
filed for bankruptcy in the Tokyo District Court on September 16.
Lehman Brothers Japan Inc. reported about JPY3.4 trillion
(US$33 billion) in liabilities in its petition.

Bankruptcy Creditors' Service, Inc., publishes Lehman Brothers
Bankruptcy News.  The newsletter tracks the Chapter 11 proceeding
undertaken by Lehman Brothers Holdings, Inc., and other insolvency
and bankruptcy proceedings undertaken by its affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000)


LJH ENTERPRISES: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: LJH Enterprises
        2803 Double Lake Dr.
        Missouri City, TX 77459

Bankruptcy Case No.: 10-34355

Chapter 11 Petition Date: May 27, 2010

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Letitia Z. Paul

Debtor's Counsel: John L Green, Esq.
                  4888 Loop Central Dr
                  Ste 445
                  Houston, TX 77081
                  Tel: (713) 660-7400
                  Fax: (713) 660-9921
                  E-mail: jlgreen488@aol.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 largest unsecured creditors
together with its petition.

The petition was signed by Horace Colbert, president.


LOBERA IMAGING: Case Summary & 7 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Lobera Imaging, P.C.
        3850 Foothills, Suite 9
        Las Cruces, NM 88001

Bankruptcy Case No.: 10-12751

Chapter 11 Petition Date: May 28, 2010

Court: U.S. Bankruptcy Court
       District of New Mexico (Albuquerque)

Judge: James S. Starzynski

Debtor's Counsel: R Trey Arvizu III, Esq.
                  P.O. Box 1479
                  Las Cruces, NM 88004-1479
                  Tel: (575) 527-8600
                  Fax: (575) 527-1199
                  E-mail: trey@arvizulaw.com

Estimated Assets: $0 to $50,000

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

A copy of the Company's list of 7 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nmb10-12751.pdf

The petition was signed by Alex Lobera, M.D., president and
director.


LORELEI ASSOCIATES: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Lorelei Associates, LLC
        96 Maderrra Road
        Islamorada, FL 33036

Bankruptcy Case No.: 10-24979

Chapter 11 Petition Date: May 28, 2010

Court: U.S. Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Laurel M. Isicoff

Debtor's Counsel: Tina M. Talarchyk, Esq.
                  505 South Flagler Drive #300
                  West Palm Beach, FL 33401
                  Tel: (561) 472-2971
                  Fax: (561) 472-2122
                  E-mail: ttalarchyk@mcdonaldhopkins.com

Estimated Assets: $50,001 to $100,000

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

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

The petition was signed by Carl E. Lindback III, managing member.


MONEY TREE: Files FY 2009 Amendment; Posts $12.9 Million Net Loss
-----------------------------------------------------------------
The Money Tree Inc. filed on May 28, 2010, amendment No. 1 to its
annual report on Form 10-K/A for the year ended September 25,
2009.  The amendment is being filed in order to correct previously
issued historical consolidated financial statements of the Company
as of September 25, 2009, and 2008, and for each of the three
years in the period ended September 25, 2009, for errors in
previously reported amounts related to net finance receivables,
shareholders' deficit, provision for credit losses, provision for
income taxes and net loss.

Based on the restated financial statements for the years ended
September 25, 2009, 2008, and 2007, the Company reported net
losses of $12.9 million, $10.0 million, and $3.8 million,
respectively.  Net revenues were $15.1 million, $17.8 million, and
$24.9 million for fiscal year 2009, 2008, and 2007, respectively.

As restated, the Company's balance sheet as of September 25, 2009,
showed $59.2 million in assets and $93.0 million in liabilities,
for a shareholders' deficit of $33.8 million.

A full-text copy of the amended annual report for the fiscal year
ended September 25, 2009, is available for free at:

               http://researcharchives.com/t/s?63b5

Based in Bainbridge, Ga., The Money Tree, Inc. --
http://themoneytreeinc.com/-- makes consumer finance loans and
provides other financial products and services through its branch
offices in Georgia, Alabama, Louisiana and Florida.  The Company
sells retail merchandise, principally furniture, appliances and
electronics, at certain of its branch office locations and
operates three used automobile dealerships in the State of
Georgia.  The Company also offers insurance products, prepaid
phone services and automobile club memberships to its loan
customers.

                          *     *     *

As reported in the Troubled Company Reporter on January 8, 2010,
Tallahassee, Fla.-based Carr, Riggs & Ingram, LLC expressed
substantial doubt about the Company ability to continue as a going
concern after auditing the Company's financial statements for the
year ended September 25, 2009.  The independent auditors noted
that the Company has suffered recurring losses from operations and
has a net capital deficiency.


MORTGAGES LTD: Investors Sue Attorneys and Accountants
------------------------------------------------------
Rachel Feintzeig at The Wall Street Journal reports that nearly
two years after Mortgages Ltd. stumbled into bankruptcy
protection, its investors are now targeting the attorneys and
accountants who worked for the now-defunct mortgage broker.

The Journal relates that a class-action lawsuit filed on behalf of
nearly 2,000 investors who lost $900 million in conjunction with
the collapse of Mortgages Ltd. accuses three firms -- law firms
Greenberg Traurig LLP and Quarles & Brady LLP and accounting firm
Mayer Hoffman McCann PC -- of helping the company to defraud the
investors, according to the Arizona Republic.

                       About Mortgages Ltd.

Phoenix, Arizona-based Mortgages Ltd. -- http://www.mtgltd.com/
-- acted as a full service private lender prior to filing for
bankruptcy.  Through its licensed broker dealer, Mortgages Ltd.
Securities, ML received money raised from approximately 2,700
investors for placement into loans secured by real estate located
solely in Arizona.  These accredited investors financed the
lending operations of ML and received as collateral for their
funding direct fractional interests in "pass through" loans and
deeds of trust or membership interests in "Opportunity Funds"
which held fractionalized interests in loans and deeds of trust.

Mortgages Ltd. was the subject of an involuntary Chapter 7
petition dated June 20, 2008, filed by KGM Builders Inc. -- a
contractor for Grace Communities, a borrower of the company --
in the U.S. Bankruptcy Court for the District of Arizona.
Central & Monroe LLC and Osborn III Partners LLC, divisions of
Grace Communities, sought the appointment of an interim trustee
for Mortgages Ltd. in the Chapter 7 proceeding.

Mortgages Ltd. is also facing lawsuits filed by Grace Communities
and Rightpath Limited Development Group for its alleged failure to
fully fund loans.  Mortgages Ltd. denied the charges.  It has
filed a motion to dismiss the Rightpath suit.

The Debtor's case was converted to a chapter 11 proceeding on
June 24, 2008 (Bankr. D. Ariz. Case No. 08-07465).  Judge Sarah
Sharer Curley presides over the case.  Carolyn Johnsen, Esq., and
Bradley Stevens, Esq., at Jennings, Strouss & Salmon P.L.C.,
replaced Todd A. Burgess, Esq., at Greenberg Traurig LLP, as
counsel to the Debtor.  As of December 31, 2007, the Debtor had
total assets of $358,416,681 and total debts of $350,169,423.

The Debtor recently emerged from Chapter 11 bankruptcy with an
approved reorganization plan.


MOSER ENTERPRISES: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Moser Enterprises, Inc.
        401 S. Main St.
        Suite 300
        Naperville, IL 60540

Interest in: MPI-1 Plainfield West, LLC.;
             MPI-3 Oswego, LLC.;
             MPI-6 South Yorkville, LLC.;
             MPI-7 Plainfield West, LLC.;
             MPI-8 Plainfield South Assemblage, LLC.;
             MPI-11 Joliet Assemblage, LLC.;
             Seven Bridges Grill, LLC.;
             FMBF, LLC.;
             711 Fairview, LLC.;
             Moser Plaza, LLC.;
             Naper Place, LLC.;
             Marquette Water Street/Webster Street District
             Development Partnership, LLC.;
             Henneberry West, LLC.;
             Seven Bridges Development, LLC.;
             SBD 1, LLC.;
             SBD 5, LLC.;
             SBD 7, LLC.;
             SBD 8, LLC.;
             MPI-1 Development, LLC.; and
             MPI-South Carolina-1, LLC.

Bankruptcy Case No.: 10-24145

Chapter 11 Petition Date: May 27, 2010

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

Judge: Eugene R. Wedoff

Debtor's Counsel: Beverly A Berneman, Esq.
                   E-mail: bberneman@querrey.com
                  Robert R Benjamin, Esq.
                   E-mail: rbenjamin@querrey.com
                  Querrey & Harrow, Ltd.
                  175 West Jackson Boulevard
                  Suite 1600
                  Chicago, IL 60604
                  Tel: (312) 540-7000
                  Fax: (312) 540-0578

Scheduled Assets: $3,762,767

Scheduled Debts: $27,280,363

The petition was signed by John P. Zediker, company's president
and chief executive officer.

Debtor's List of 20 Largest Unsecured Creditors:

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
First Merit Bank fka      Loan and security      $16,100,000
Midwest Bank & Trust      agreement dated
Attn: Robert Fliss,       5/19/06 and amended
SR VP                     thereafter
236 W. Lake St.,
Ste. 102
Bloomingdale, IL 60108

Old Second National Bank  Limited guaranty       $5,611,084
37 South River Street     Naper Place, LLC
Aurora, IL 60506

First Midwest Bank        Limited guaranty of    $3,774,876
One Pierce Place,         FMBF, LLC obligation
Ste 1500
Attn: Joseph Judd, Pres
Itasca, IL 60143

Henneberry Investment     Guaranty of            $1,334,077
Company                   Henneberry West, LLC
c/o Jayne H. Vidmar,
Registered Agent
2445 Dougall Road
Joliet, IL 60433

US Bank                   Limited guarantor      $334,985
fka Park National         of Seven Bridges
44 West Madison           Grill, LLC obligation
Attn: Leonard J. Dzielski
Oak Park, IL 60302

Moser Plaza, LLC          Rental expenses        $31,656

Katherine M. Ontko GST    Goods and services     $29,782
Exempt Trust

Porter A. Moser GST       Goods and services     $29,782
Exempt Trust

John P. Zediker           Vacation pay           $14,792

Wendy Yaksich             Vacation pay           $6,011

Karen L. Vinton           Vacation pay           $4,146

Dommermuth, Brestal,      Legal fees             $4,145
Cobine & West

City of Naperville        Goods and services     $1,703

Cbeyond Communication     Goods and services     $1,072

Imagetec LP               Goods and services     $794

Complete Cleaning         Goods and services     $793
Company, Inc.

American Express          Goods and services     $190

FedEx                     Goods and services     $171

Earthlink, Inc.           Goods and services     $119

HiTec Water Solutions     Goods and services     $96


MOUNT VERNON: Case Summary & 30 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Mount Vernon Monetary Management Corp.
        403 E. 3rd Street
        Mount Vernon, NY 10553
        Tel: (914) 664-1667

Bankruptcy Case No.: 10-23053

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       Southern District of New York (White Plains)

Judge: Robert D. Drain

Debtor's Counsel: Allen G. Kadish, Esq.
                  Greenberg Traurig, LLP
                  200 Park Avenue
                  New York, NY 10166
                  Tel: (212) 801-9200
                  Fax: (212) 801-6400
                  E-mail: kadisha@gtlaw.com

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 30 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nysb10-23053.pdf

The petition was signed by Allen D. Applbaum, sole corporate
manager.

Debtor-affiliates filing separate Chapter 11 petition:

        Entity                            Case No.   Petition Date
        ------                            --------   -------------
1540 Roosevelt Avenue, LLC                --                    --
185 LLC                                   --                    --
415 Huguenot LLC                          --                    --
44 N. Saw Mill, LLC                       --                    --
American Armored Car, Ltd.                --                    --
Annex Corp.                               --                    --
Armored Money Services LLC                --                    --
ATM Management, LLC                       --                    --
Barron ATM Corp.                          --                    --
Crystal Public Communications, Inc.       --                    --
District Central Station Alarm Corp.      --                    --
District Central Alarm Service Corp.      --                    --
District Security Services, LLC           --                    --
EZ-KI Realty Corp.                        --                    --
EZ-RI Realty Corp.                        --                    --
GNC Payroll Plus, Inc.                    --                    --
GT Public Services, Inc.                  --                    --
  (fka Public Access Networks Services Inc.)
Manhattan Money Branch.com Inc.           --                    --
Michelle Corp.                            --                    --
MKey, LLC                                 --                    --
Money Kiosk Corp.                         --                    --
Montgomery Check Cashing Corp.            --                    --
Mount Vernon Monetary Management Corp.    --                    --
Mount Vernon Money Center Corp.           --                    --
  (aka MVMC Corp.)
M.V.M.C. Service Station, Inc.            --                    --
MVMC Holding Corp.                        --                    --
MVMC Service Inc.                         --                    --
MVMM Corp.                                --                    --
NowCash, Ltd.                             --                    --
Quick Cash LLC                            --                    --
Time Square Payment Center, Inc.          --                    --
Vet's ATM Corp.                           --                    --
Zipes Equities, Ltd.                      --                    --


NORD RESOURCES: Nedbank Refuses to Extend Forbearance Agreement
---------------------------------------------------------------
Nord Resources Corporation said that Nedbank Limited has declined
to extend the forbearance agreement with respect to the scheduled
principal and interest payment in the approximate amount of
$2.2 million that was due on March 31, 2010 under the company's
$25 million secured term-loan credit facility with Nedbank.  In
addition, Nedbank Capital Limited has declined to extend the
forbearance agreement regarding the company's failure to make the
payment of $697,869 due on April 6, 2010 under the Copper Hedge
Agreement between the parties.

Nord is now in default of its obligations under the Secured Credit
Facility Agreement and the full amount of the outstanding
principal and accrued and unpaid interest must now be included in
the company's current liabilities, together with any additional
amounts payable under that Agreement.  These amounts will be
reflected in Nord's report on Form 10-Q for the quarter ended
March 31, 2010.

Nedbank has not served Nord with a formal notice of default under
the Secured Credit Facility Agreement, which is a precondition to
the exercise of Nedbank's rights upon a default under the Secured
Credit Facility Agreement, including the acceleration of the full
amount due thereunder and institution of foreclosure proceedings
against the security.  Accordingly, the company intends to
continue with its operations in the ordinary course, as Nord
aggressively pursues certain opportunities that it has generated
to refinance the company.

In addition, the company is also formally in default under the
Copper Hedge Agreement with respect to the copper hedge payment
that was due on April 6, 2010.  The company is in the process of
calculating the amount that must now be brought into its current
liabilities in respect of the Copper Hedge Agreement, which will
be reflected in the quarterly report on Form 10-Q for the 2010
first quarter.

Nord received an exemption from certain shareholder approval
requirements under the rules of the Toronto Stock Exchange in
connection with Nord's $12 million private placement completed in
November 2009, on the basis of financial hardship.  Reliance on
this exemption automatically triggered a TSX de-listing review to
confirm that Nord continues to meet the TSX listing requirements.

On April 30, 2010, Nord announced that the Continued Listings
Committee of the TSX has decided to defer its announcement on it
listing review decision to no later than May 31, 2010.  Nord has
been informed that the Committee will not provide any extensions
beyond that date unless there is disclosure regarding an event
that would allow the company to comply with the TSX's continued
listing requirements.  It is unclear whether Nedbank's decision to
not further extend the forbearance agreements with respect to the
company's Secured Credit Facility Agreement and Copper Hedge
Agreements will accelerate the Continued Listings Committee's
decision on the de-listing review.

                       About Nord Resources

Based in Tuczon, Arizona, Nord Resources Corporation
(TSX:NRD/OTCBB:NRDS.OB) -- http://www.nordresources.com/-- is a
copper mining company whose primary asset is the Johnson Camp
Mine, located approximately 65 miles east of Tucson, Arizona.
Nord commenced mining new ore on February 1, 2009.

                           *     *     *

According to the Troubled Company Reporter on May 10, 2010, Nord
Resources Corporation is facing a Thursday deadline to make
payments under a copper hedge agreement and a credit facility with
Nedbank Capital Limited.

In March 2009, Nord agreed with Nedbank to amend and restate its
credit agreement to provide for, among other things, the deferral
of certain principal and interest payments until December 31,
2012, and March 31, 2013.  While Nord made the scheduled principal
and interest payments that were due on September 30 and
December 31, 2009, in the approximate amounts of $2.3 million
each, the Company was unable to make the scheduled principal and
interest payment due on March 31, 2010, in the approximate amount
of $2.2 million.

Nord and Nedbank entered into an unconditional forbearance and
extension agreement dated March 30, 2010, that allowed for a
forbearance period of 21 days to negotiate an amendment to the
credit agreement as it pertains to the March 31, 2010 payment and
other terms therein.  That agreement was then extended to May 13,
2010.


O'CHARLEY'S INC: S&P Gives Negative Outlook' Keeps 'B+' Rating
--------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its rating
outlook on Nashville-based O'Charley's Inc. to negative from
stable.  At the same time, S&P affirmed all ratings on the
company, including the 'B+' corporate credit rating.

"The action comes after weaker-than-expected performance in the
first quarter," said Standard & Poor's credit analyst Charles
Pinson-Rose, "marked by a quarter-over-quarter decline in revenue
of 6.9% and adjusted EBITDA down 26%." Management guided to sales
and profit declines in the second quarter versus the prior year.

"Given the intense competition in the restaurant industry and
likely sustained high unemployment," added Mr. Pinson-Rose, "S&P
could foresee these trends continuing in the second half of 2010,
which could lead to credit ratios more appropriate for a lower
rating category."


OSZTAR DE JOURDAY: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Osztar De Jourday
        7324 Remley Place
        La Jolla, CA 92037

Bankruptcy Case No.: 10-09074

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       Southern District of California (San Diego)

Judge: Peter W. Bowie

Debtor's Counsel: Thomas C. Nelson, Esq.
                  Law Offices of Thomas C. Nelson
                  484 Prospect Avenue
                  La Jolla, CA 92037
                  Tel: (858) 875-5092
                  E-mail: tom@tcnlaw.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
$1,671,700 while debts total $3,233,811.

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

The petition was signed by the Debtor.


OUTSTANDING DEVELOPMENT: Case Summary & 6 Largest Unsec Creditors
-----------------------------------------------------------------
Joint Debtors: Outstanding Development, Ltd.
               Valley Lakes Investments, Ltd.
               1805 E. Ruben Torres Blvd.
               Suite B-20
               Brownsville, TX 78526

Bankruptcy Case No.: 10-10388

Chapter 11 Petition Date: May 28, 2010

Court: United States Bankruptcy Court
       Southern District of Texas (Brownsville)

Judge: Richard S. Schmidt

Debtor's Counsel: Shelby A Jordan, Esq.
                  Jordan Hyden Womble and Culbreth, PC
                  500 N Shoreline
                  Ste 900 N
                  Corpus Christi, TX 78471
                  Tel: (361) 884-5678
                  Fax: (361) 884-5616
                  E-mail: ecf@jhwclaw.com

Scheduled Assets: $4,882,233

Scheduled Debts: $3,319,116

A list of the Company's 6 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/txsb10-10388.pdf

The petition was signed by William P.C. Hudson, manager of
Debtor's general partner.

Debtor-affiliates that filed separate Chapter 11 petitions:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Valley Lakes Investments, LTD                      05/28/10

Vicus Oriens LLC                       10-10386    05/28/10


PEDRO VEGA: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Pedro S. Vega
        5386 SW 33rd Way
        Ft. Lauderdale, FL 33312

Bankruptcy Case No.: 10-25191

Chapter 11 Petition Date: May 28, 2010

Court: U.S. Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Judge: John K. Olson

Debtor's Counsel: David Marshall Brown, Esq.
                  330 N Andrews Avenue # 450
                  Ft Lauderdale, FL 33301
                  Tel: (954) 765-3166
                  Fax: (954) 765-3382
                  E-mail: david@brownvanhorn.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 creditors together with its
petition.

The petition was signed by the Debtor.


PENNSYLVANIA ACADEMY: Case Summary & 20 Largest Unsec Creditors
---------------------------------------------------------------
Debtor: Pennsylvania Academy of Music
        dba The Pennsylvania Academy of Music
        dba Pennsyvlania Academy of Music, Inc.
        P.O. Box 1615
        Lancaster, PA 17608

Bankruptcy Case No.: 10-14377

Chapter 11 Petition Date: May 27, 2010

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

Judge: Jean K. FitzSimon

Debtor's Counsel: Jacques H. Geisenberger, Jr., Esq.
                  Wheatland Place
                  941 Wheatland Avenue, Suite 403
                  Lancaster, PA 17603
                  Tel: (717) 397-3500
                  Fax: (717) 299-5813
                  E-mail: jacques@geiscoop.com

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

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

A list of the Company's 20 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/paeb10-14377.pdf

The petition was signed by D. Holmes Morton, chairperson.


PETROQUEST ENERGY: S&P Puts 'B-' Rating on CreditWatch Positive
---------------------------------------------------------------
Standard & Poor's Ratings Services placed its 'B-' corporate
credit rating on independent exploration and production firm
PetroQuest Energy Inc. on CreditWatch with positive implications.
At the same time, S&P placed the 'B' senior unsecured debt ratings
on CreditWatch with developing implications, indicating S&P could
lower, raise, or affirm the ratings.

"The rating actions follow the announced joint venture between
PetroQuest and NextEra Energy Resources LLC, in which NextEra has
acquired a 50% interest in PetroQuest's proved undeveloped
reserves and undeveloped acreage in the Woodford Shale," said
Standard & Poor's credit analyst Paul Harvey.  PetroQuest received
$60 million at closing and will receive an additional $14 million
on Nov. 30, 2011.  Additionally, NextEra will partially fund
PetroQuest's future spending related to the joint venture reserves
and acreage.

PetroQuest's liquidity will meaningfully improve as a result of
the transaction.  In addition to the joint venture proceeds, S&P
expects PetroQuest to maintain its disciplined spending such that
its revolver remains largely undrawn during 2010.  Additionally,
NextEra's funding of the Woodford Shale development, a key growth
area for PetroQuest, should enhance PetroQuest's cash flows during
a period of uncertain natural gas prices.  Nevertheless, the joint
venture will lower PetroQuest's already small reserve base,
negatively weighing on the company's business profile.

S&P placed its ratings on the company's unsecured debt on
CreditWatch with developing implications as a result of the PUD
sale and the potential impact to its recovery valuation.  S&P
could lower the unsecured debt ratings and revise the recovery
ratings as a result of the diminished reserve value relative to
the company's unsecured debt following the Woodford PUD sale.

However, given the limited value assigned to PUD reserves in S&P's
recovery analysis, the impact of the sale may not meaningfully
alter the reserve valuation, leaving the current '2' recovery
rating unaffected.  In that case, if S&P raised the corporate
rating S&P would also raise the rating on the senior unsecured
debt.

Finally, if the reserve sale results in a reduction in reserve
value such that S&P revised its recovery rating to either '3' or
'4' ( a recovery range of 30% to 70%), and at the same time S&P
raised the corporate credit rating, the current unsecured debt
ratings would not be affected.

Standard & Poor's intends to resolve the CreditWatch listings
within the next 90 days, following a review of the transaction an
assessment of the impact to PetroQuest's financial and business
profiles, as well as recovery prospects.


PHYSICAL PROPERTY: Posts HK$141,000 Net Loss in Q1 2010
-------------------------------------------------------
Physical Property Holdings Inc. filed its quarterly report on Form
10-Q, reporting a net loss of HK$141,000 on $184,000 of revenue
for the three months ended March 31, 2010, compared with a net
loss of HK$135,000 on HK$114,000 of revenue for the same period of
2009.

The Company's balance sheet as of March 31, 2010, showed
HK$10,933,000 in assets, HK$10,927,000 of liabilities, and
HK$6,000 of stockholders' equity

"The Company had negative working capital of HK$918,000 as of
March 31, 2010, and incurred losses of HK$141,000 and HK$135,000
for the three months ended March 31, 2010, and 2009 respectively.
These conditions raised substantial doubt about the Company's
ability to continue as a going concern."

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

               http://researcharchives.com/t/s?63a0

Physical Property Holdings Inc., through its wholly-owned
subsidiary Good Partner Limited, owns five residential apartments
located in Hong Kong.  The Company was incorporated on
September 21, 1988, in the state of Delaware under the name of
"Foreclosed Realty Exchange, Inc", a development stage company
seeking acquisitions with no material assets or liabilities.


PPT DEVELOPMENT: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: PPT Development, L.P.
        1301 West 25th Street
        Suite 510
        Austin, TX 78705

Bankruptcy Case No.: 10-11497

Chapter 11 Petition Date: May 28, 2010

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

Judge: Craig A. Gargotta

Debtor's Counsel: Kevin G. Herd, Esq.
                  Goodrich Postnikoff & Albertson
                  777 Main Street, Suite 1360
                  Fort Worth, TX 76102
                  Tel: (817) 347-5265
                  Fax: (817) 335-9411
                  E-mail: kherd@gpaplaw.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 largest unsecured creditors
together with its petition.

The petition was signed by Steffen E. Waltz, president.


PYRAMID EXCAVATION: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Pyramid Excavation, Inc.
          fka Tim's Hauling and Tractor Eervice
        8440 FL GA Highway
        Havana, FL 32333

Bankruptcy Case No.: 10-40534

Chapter 11 Petition Date: May 28, 2010

Court: U.S. Bankruptcy Court
       Northern District of Florida (Tallahassee)

Debtor's Counsel: Thomas B. Woodward, Esq.
                  Thomas B. Woodward, Atty.
                  P.O. Box 10058
                  Tallahassee, FL 32302
                  Tel: (850) 222-4818
                  Fax: (850) 561-3456
                  E-mail: woodylaw@embarqmail.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/flnb10-40534.pdf

The petition was signed by Timothy L. Loughmiller Sr., president.


RANDALL MEAT: Case Summary & 7 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Randall Meat Market, Inc.
          dba Handy Supermarket
        2300 Randall Avenue
        Bronx, NY 10472

Bankruptcy Case No.: 10-12915

Chapter 11 Petition Date: May 28, 2010

Court: U.S. Bankruptcy Court
       Southern District of New York (Manhattan)

Debtor's Counsel: Neal M. Rosenbloom, Esq.
                  Goldberg Weprin Finkel Goldstein LLP
                  1501 Broadway, 22nd Floor
                  New York, NY 10036
                  Tel: (212) 301-6923
                  Fax: (212) 422-6836
                  E-mail: NRosenbloom@gwfglaw.com

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

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

A copy of the Company's list of 7 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nysb10-12915.pdf

The petition was signed by Pedro Bello, comptroller.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
2300 Xtra Wholesalers, Inc.           10-12280            04/29/10


QUALITY BUILT: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Quality Built Homes & Properties, LLC
        6704 West Canterbury Way
        Highland, UT 84003

Bankruptcy Case No.: 10-27273

Chapter 11 Petition Date: May 28, 2010

Court: United States Bankruptcy Court
       District of Utah (Salt Lake City)

Judge: R. Kimball Mosier

Debtor's Counsel: Michael C. Van, Esq.
                  Shumway Van & Hansen, CHTD.
                  160 W. Canyon Crest Rd.
                  Alpine, UT 84004
                  Tel: (801) 216-8885
                  Fax: (801) 216-8887
                  E-mail: michael@shumwayvan.com

Estimated Assets: $0 to $50,000

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

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

The petition was signed by Luann Thresher, managing member.


RICARDO BOPP: Case Summary & 3 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Ricardo A. Bopp
        611 S Street
        Washington, DC 20001

Bankruptcy Case No.: 10-00527

Chapter 11 Petition Date: May 28, 2010

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

Judge: S. Martin Teel, Jr.

Debtor's Counsel: Wilfredo Pesante, Esq.
                  Pesante Firm, LLP
                  1328 H Street, NE
                  Washington, DC 20002
                  Tel: (202) 396-1490
                  Fax: (419) 710-6814
                  E-mail: wpesante@pesmaclaw.com

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

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

The petition was signed by Ricardo A. Bopp.

Debtor's List of 3 Largest Unsecured Creditors:

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
Home Depot Credit Services                       $7,796

Miracle Financial Inc.                           $987

Government of the District                       $300
of Columbia


ROBERT RITTER: Voluntary Chapter 11 Case Summary
------------------------------------------------
Debtor: Robert M. Ritter, Jr.
        3904 Eldridge Street
        Fort Worth, TX 76107-7217

Bankruptcy Case No.: 10-43562

Chapter 11 Petition Date: May 28, 2010

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Russell F. Nelms

Debtor's Counsel: Robert A. Simon, Esq.
                  Barlow Garsek & Simon, LLP
                  3815 Lisbon Street
                  Fort Worth, TX 76107
                  Tel: (817) 731-4500
                  Fax: (817) 731-6200
                  E-mail: rsimon@bgsfirm.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 largest unsecured creditors
together with its petition.

The petition was signed by Robert M. Ritter, Jr.


RUSSELL RAY: Case Summary & 19 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Russell Wayne Ray
          dba Wayne Ray Rentals
        904 5th Avenue
        Opelika, AL 36801

Bankruptcy Case No.: 10-31401

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       Middle District of Alabama (Montgomery)

Judge: William R. Sawyer

Debtor's Counsel: Michael A. Fritz Sr., Esq.
                  Fritz & Hughes, LLC
                  7020 Fain Park Drive, Suite 1
                  Montgomery, AL 36117
                  Tel: (334) 215-4422
                  Fax: (334) 215-4424
                  E-mail: bankruptcy@fritzandhughes.com

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

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

A copy of the Debtor's list of 19 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/almb10-31401.pdf

The petition was signed by the Debtor.


SACRAMENTO UNIFIED SCHOOL: Faces Bankruptcy Amid Contract Spat
--------------------------------------------------------------
According to Dow Jones Newswires, a Sacramento County grand jury
report said the Sacramento City Unified School District in
California could go broke if its teachers union refuses to accept
contract concessions.  "A continued unwillingness to modify some
contractual agreements will result in district bankruptcy,"
according to the five-page report.

According to Dow Jones, the grand jury's report blames the
district's problems on two key issues -- a reduction in state
funding for education and the district school board not
recognizing the cost of health plans for retirees.

Dow Jones relates that the district faces a $30.6 million budget
deficit for the coming fiscal year and is attempting to negotiate
a solution with the Sacramento City Teachers Association.  The
grand jury report says the district has run up $560 million in
unfunded health benefits liabilities for retirees.


SALLY HOLDINGS: S&P Raises Corporate Credit Rating to 'BB-'
-----------------------------------------------------------
Standard & Poor's Ratings Services said that it raised its
corporate credit rating on Denton, Texas-based Sally Holdings LLC
to 'BB-' from 'B+'.  The rating outlook is stable.  At the same
time, S&P revised its recovery rating on the company's senior
unsecured notes to '4', indicating its expectation of average (30%
to 50%) recovery for note holders in the event of a payment
default, from '5'.

"This revision reflects S&P's expectation that the company will
continue to voluntarily repay debt (above the required
amortization) with its positive cash flow," said Standard & Poor's
credit analyst Jayne Ross.  S&P raised its issue-level rating on
this debt to 'BB-' (the same as the 'BB-' corporate credit rating)
from 'B', in accordance with its notching criteria for a '4'
recovery rating.

In addition, S&P raised its senior secured debt rating to 'BB+'
from 'BB', the recovery rating remains a '1'; and S&P raised the
subordinated debt rating to 'B' from 'B-', the recovery rating
remains a '6'.

S&P's 'BB-' rating reflects Sally's leveraged capital structure
after its 2006 spinoff, improving credit protection measures, and
participation in the competitive professional beauty supply
industry.

With about $2.8 billion in sales as of March 31, 2010, Sally is
the largest distributor of professional beauty supplies in the
U.S. In S&P's view, the market is very fragmented, and competitors
include local and regional beauty product distributors as well as
a wide array of retail outlets, such as mass merchandisers,
drugstores, and supermarkets.  The company was spun off from
Alberto-Culver Co. in November 2006 with affiliates of Clayton,
Dubilier & Rice purchasing about 48% of the company's stock.


SBARRO INC: Posts $78.9 Million Net Loss for March 28 Quarter
-------------------------------------------------------------
Sbarro Inc. filed its quarterly report on Form 10-Q, showing a net
loss of $5.3 million on $79 million of total revenues for the
three months ended March 28, 2010, compared with a net loss of
$5.6 million on $79.6 million of total revenues during the same
period a year ago.

The Company's balance sheet at March 28, 2010, showed
$478.2 million in total assets, $31.2 million in total current
liabilities, and $336.1 million in long-term debt, for a
sharerholders' equity of $102.2 million.

The decrease in first quarter 2010 sales is due to a decrease in
comparable unit sales of 1.6% in the company's QSR restaurants and
lost sales from stores strategically closed of $2.2 million,
partially offset by sales generated by new stores opened in 2010
and 2009 of $2.3 million.  Domestic franchise comparable-unit
sales declined 4.3%.  The decrease in Company-owned and domestic
franchise comparable-unit sales primarily reflects continued
reduced consumer traffic throughout the United States as a result
of the current economic environment.  Without consideration for
foreign currency fluctuations, international franchise comparable-
unit sales increased 7.4%.   valuation of the U.S. Dollar relative
to foreign currencies added an additional 10.0% increase in
international franchise comparable unit sales.

EBITDA, as calculated in accordance with the terms of the
Company's bank credit agreements, was $7.8 million for the quarter
ended March 28, 2010 as compared to $9.1 million for the quarter
ended March 29, 2009.  The decline was primarily the result of the
decline in Company-owned comparable-unit sales and an increase in
commodity costs during the quarter, specifically cheese, partially
offset by cost savings initiatives and an increase in royalties on
franchise sales.

Peter Beaudrault, Chairman of the Board, President and CEO of
Sbarro commented, "In the first quarter, while we continued to
face a challenging economic environment, we achieved comparable-
unit sales and earnings in line with our business plan."

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?63ae

                        About Sbarro Inc.

Melville, N.Y.-based Sbarro, Inc. -- http://www.sbarro.com/-- is
the world's leading Italian quick service restaurant concept and
the largest shopping mall-focused restaurant concept in the world.
The Company has 1,056 restaurants in 41 countries.

                          *     *     *

As of March 26, 2010, the Company carries Standard and Poors' CCC+
senior credit facility rating, CCC- Senior Notes rating, and CCC+
corporate rating.  In July 2009, Moody's increased Sbarro's credit
ratings to Caa1 from Caa2 on its senior credit facility, affirmed
its C rating on its senior notes and affirmed its Ca corporate
rating, which ratings hold to date.


SEDONA DEVELOPMENT: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Sedona Development Partners, LLC
        755 Golf Club Way
        Sedona, AZ 86336

Bankruptcy Case No.: 10-16711

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Redfield T. Baum PCT Sr.

Debtor's Counsel: Philip R. Rudd, Esq.
                  Polsinelli Shughart PC
                  3636 N. Central, Suite 1200
                  Phoenix, AZ 85012
                  Tel: (602) 650-2000
                  Fax: (602) 264-7033
                  E-mail: prudd@polsinelli.com

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

Estimated Debts: $50,000,001 to $100,000,000

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

The petition was signed by George D. Matthew, vice president of
Cavan Management Services, manager.


SHORELINE GRADING: Organizational Meeting to Form Panel on June 10
------------------------------------------------------------------
Roberta A. DeAngelis, Acting United States Trustee for Region 3,
will hold an organizational meeting on June 10, 2010, at
11:00 a.m. in the bankruptcy case of Shoreline Grading, Inc.  The
meeting will be held at United States Trustee's Office, One Newark
Center, 21st Floor, Room 2106, Newark, NJ 07102.

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.

West Creek, New Jersey-based Shoreline Grading, Inc., filed for
Chapter 11 bankruptcy protection on May 19, 2010 (Bankr. D. N.J.
Case No. 10-25344).  Morris S. Bauer, Esq., at Norris McLaughlin &
Marcus, PA, assists the Company in its restructuring effort.  The
Company listed up to $50,000 in assets and $1,000,001 to
$10,000,000 in liabilities.


SHORELINE SAND: Organizational Meeting to Form Panel on June 10
---------------------------------------------------------------
Roberta A. DeAngelis, Acting United States Trustee for Region 3,
will hold an organizational meeting on June 10, 2010, at
11:00 a.m. in the bankruptcy case of Shoreline Sand & Gravel, LLC.
The meeting will be held at United States Trustee's Office, One
Newark Center, 21st Floor, Room 2106, Newark, NJ 07102.

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.

Barnegat, New Jersey-based Shoreline Sand & Gravel, LLC, filed for
Chapter 11 bankruptcy protection on May 19, 2010 (Bankr. D. N.J.
Case No. 10-25346).


SIMON WORLDWIDE: Posts $588,000 Net Loss for March 31 Quarter
-------------------------------------------------------------
Simon Worldwide Inc. filed its quarterly report on Form 10-Q,
showing a net loss of $588,000 on zero revenue for the three
months ended March 31, 2010, compared with a net loss of $481,000
on zero revenue for the same period a year ago.

The Company's balance sheet at March 31, 2010, showed
$14.9 million in total assets and $844,000 in total current
liabilities, for a $14.9 million total stockholders' equity.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?63b1

                       About Simon Worldwide

Based in Los Angeles, Simon Worldwide, Inc. (OTC: SWWI) no longer
has any operating business.  Prior to August 2001, the Company
operated as a multi-national full-service promotional marketing
company, specializing in the design and development of high-impact
promotional products and sales promotions.  At December 31, 2009,
the Company held an investment in Yucaipa AEC Associates, LLC, a
limited liability company that is controlled by the Yucaipa
Companies, a Los Angeles, California based investment firm.
Yucaipa AEC in turn principally held an investment in the common
stock of Source Interlink Companies, a direct-to-retail magazine
distribution and fulfillment company in North America, and a
provider of magazine information and front-end management services
for retailers and a publisher of approximately 75 magazine titles.
Yucaipa AEC held this investment in Source until April 28, 2009,
when Source filed a pre-packaged plan of reorganization under
Chapter 11 of the U.S. Bankruptcy Code.

Simon Worldwide's balance sheet as of December 31, 2009, showed
$15.4 million in assets, $768,000 of debts, and $14.7 million of
stockholders' equity.

BDO Seidman, LLP, in Los Angeles, expressed substantial doubt
about the Company's ability to continue as a going concern.
The independent auditors noted that of Company has suffered
significant losses from operations, has a lack of any operating
revenue and is subject to potential liquidation in connection with
a recapitalization agreement.

On June 11, 2008, the Company entered into an Exchange and
Recapitalization Agreement with Overseas Toys, L.P., the former
holder of all the outstanding shares of preferred stock of the
Company, pursuant to which all the outstanding preferred stock
would be converted into shares of common stock representing 70% of
the shares of common stock outstanding immediately following the
conversion.  The Recapitalization Agreement was negotiated on the
Company's behalf by the Special Committee of disinterested
directors which, based in part upon the opinion of the Special
Committee's financial advisor, determined that the transaction was
fair to the holders of common stock from a financial point of
view.

In connection with the Recapitalization Agreement, and in the
event that the Company does not consummate a business combination
by the later of (i) December 31, 2010, or (ii) December 31, 2011,
in the event that a letter of intent, an agreement in principle or
a definitive agreement to complete a business combination was
executed on or prior to December 31, 2010, but the business
combination was not consummated prior to such time, and no
qualified offer have been previously consummated, the officers of
the Company will take all such action necessary to dissolve and
liquidate the Company as soon as reasonably practicable.


SKYE INTERNATIONAL: Posts $480,000 Net Loss in Q1 2010
------------------------------------------------------
SKYE International, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $480,240 on $28,098 of revenue for the
three months ended March 31, 2010, compared with a net loss of
$999,376 on $44,989 of revenue for the same period ended March 31,
2009.

The Company's balance sheet as of March 31, 2010, showed
$1,216,810 in assets, $178,505 of current liabilities, $1,002,986
of long-term liabilities, $2,417,903 of liabilities subject to
compromise, for a shareholders' deficit of $2,382,584.

On April 19, 2010, the Company filed its Disclosure Statement and
Plan of Reorganization with the Bankruptcy Court.  On May 7, 2010,
the Company filed a motion with the Bankruptcy Court seeking
approval to file an amended Reorganization Plan.  The Company
incurred $52,575 of legal costs and $650 of trustee costs relative
to the bankruptcy during the period ended March 31, 2010.

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

               http://researcharchives.com/t/s?63a6

Scottsdale, Ariz.-based SKYE International, Inc. is in the
business of designing, developing, and marketing consumer water
heating appliances.  All of the Company's products are designed by
in-house engineering and contract engineers from third party
engineering firms.

SKYE International filed for Chapter 11 protection on December 16,
2009 (Bankr. D. Nev. Case No. 09-54485).  Stephen R. Harris, Esq.,
at Belding, Harris & Petroni, Ltd., represents the Debtor as
counsel.  In its petition, the Debtor listed between $1 million
and $10 million each in assets and debts.


SL & JL: Case Summary & 14 Largest Unsecured Creditors
------------------------------------------------------
Debtor: SL & JL, Inc.
          dba Sidelines Grill
        1500 Satellite Boulevard
        Suwanee, GA 30024

Bankruptcy Case No.: 10-75694

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: Paul Reece Marr, Esq.
                  Paul Reece Marr, P.C.
                  300 Galleria Parkway, N.W., Suite 960
                  Atlanta, GA 30339
                  Tel: (770) 984-2255
                  Fax: (770) 984-0044
                  E-mail: pmarr@mindspring.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
$2,330,748 while debts total $2,335,870.

A copy of the Company's list of 14 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ganb10-75694.pdf

The petition was signed by Steve Y. Lee, CEO.


SMART ONLINE: Posts $916,900 Net Loss in Q1 2010
------------------------------------------------
Smart Online, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $916,925 on $363,900 of revenue for the
three months ended March 31, 2010, compared with a net loss of
$1,594,653 on $481,687 of revenue for the same period ended
March 31, 2009.

The Company's balance sheet as of March 31, 2010, showed
$1,146,666 in assets and $17,453,810 of liabilities, for a
stockholders' deficit of $16,307,144.

As reported in the Troubled Company Reporter on April 23, 2010,
Cherry, Bekaert & Holland, L.L.P., in Raleigh, North Carolina,
expressed substantial doubt about the Company's ability to
continue as a going concern after auditing the Company's financial
statements for the year ended December 31, 2009.  The independent
auditors noted that the Company has suffered recurring losses from
operations and has a working capital deficiency as of December 31,
2009.

During the three months ended March 31, 2010, and 2009, the
Company incurred net losses as well as negative cash flows, is
involved in a class action lawsuit, and had deficiencies in
working capital.  On October 18, 2007, a class action lawsuit was
filed in the U.S. District Court for the Middle District of North
Carolina against the Company, certain of its current current
officers and directors, Maxim Group, LLC, Jesup & Lamont
Securities, and Sherb & Co., the Company's former independent
registered accounting firm.  The Company and the lead plaintiff
have reached a tentative settlement of the securities class
action.

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

               http://researcharchives.com/t/s?63aa

Headquartered in Durham, North Carolina, Smart Online, Inc. (OTC
BB: SOLN) -- http://www.smartonline.com/-- develops and markets
software products and services targeted to small  businesses that
are delivered via a Software-as-a-Service (SaaS), or SaaS, model.
The Company also provides website consulting services, primarily
in the e-commerce retail industry. products and services.


SOUP KITCHEN: Creditors File Petition to Force Bankruptcy
---------------------------------------------------------
Tiffany Kary at Bloomberg News reports that Soup Kitchen
International Inc. is facing an attempt from creditors to
force itself into Chapter 7 liquidation (Bankr. E.D.N.Y. Case No.
10-44670).  Five creditors filed an involuntary Chapter 7
bankruptcy petition against Soup Kitchen in Brooklyn bankruptcy
court on May 18, claiming that they are owed $398,655.

Staten Island, New York-based Soup Kitchen is the business that
grew out of the "Soup Nazi" character on the television sitcom
"Seinfeld."  The Company, which also has done business as the
Original SoupMan, was founded in 1984.

The Original SoupMan, which bought some assets from Soup Kitchen
International, isn't involved in the Chapter 7 proceeding, says
Ronn Torossian, a spokesman for Original SoupMan, according to
Bloomberg.


SOUTH PADRE: Case Summary & 5 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: South Padre Royal Palms, LLC
        7208 E. Cave Creek, #A
        Carefree, AZ 85377

Bankruptcy Case No.: 10-10391

Chapter 11 Petition Date: May 28,2010

Court: United States Bankruptcy Court
       Southern District of Texas (Brownsville)

Judge: Richard S. Schmidt

Debtor's Counsel: Shelby A. Jordan, Esq.
                  Jordan Hyden Womble and Culbreth, PC
                  500 N Shoreline
                  Ste 900 N
                  Corpus Christi, TX 78471
                  Tel: (361) 884-5678
                  Fax: (361) 884-5616
                  E-mail: ecf@jhwclaw.com

Scheduled Assets: $3,151,356

Scheduled Debts: $3,149,932

A list of the Company's 5 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/txsb10-10391.pdf

The petition was signed by Douglas A. Dragoo, manager.

Debtor-affiliates that filed separate Chapter 11 petitions:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Bayside Capital, LLC                   10-10330    05/03/10

Cornerstone at Glendale, LLC           10-10393    05/28/10


SPANSION INC: Aims to Regain Market Lost During Reorganization
--------------------------------------------------------------
Reuters reports that Spansion Inc. said it would narrow its
product line-up as it looks to carve out a profitable niche for
itself in the market.  Spansion Chief Executive John Kispert told
a news conference in Tokyo that the company would focus on flash
memory chips "embedded" in products for the wireless, auto and
electronics industries, as part of its strategy for generating
profits.  "It's no secret here it's about focus, focusing on
strong customers like customers we have in Japan," Mr. Kispert
said.

Spansion, which has recently emerged from bankruptcy, used to be
the global leader in a type of flash memory called NOR, which is
used for storing code that devices run on, but has since fallen
behind Numonyx Holdings, which was acquired by Micron Technology
Inc (MU.O).

                        About Spansion Inc.

Spansion Inc. (NASDAQ: SPSN) -- http://www.spansion.com/-- is a
Flash memory solutions provider, dedicated to enabling, storing
and protecting digital content in wireless, automotive,
networking and consumer electronics applications.  Spansion,
previously a joint venture of AMD and Fujitsu, is the largest
company in the world dedicated exclusively to designing,
developing, manufacturing, marketing, selling and licensing Flash
memory solutions.

Spansion Inc. and its affiliates filed voluntary petitions for
Chapter 11 on March 1, 2009 (Bankr. D. Del. Lead Case No. 09-
10690).  On February 9, 2009, Spansion's Japanese subsidiary,
Spansion Japan Ltd., voluntarily entered into a proceeding under
the Corporate Reorganization Law (Kaisha Kosei Ho) of Japan to
obtain protection from its creditors as part of the company's
restructuring efforts. None of Spansion's subsidiaries in
countries other than the United States and Japan are included in
the U.S. or Japan filings.  Michael S. Lurey, Esq., Gregory O.
Lunt, Esq., and Kimberly A. Posin, Esq., at Latham & Watkins LLP,
have been tapped as bankruptcy counsel.  Michael R. Lastowski,
Esq., at Duane Morris LLP, is the Delaware counsel.  Epiq
Bankruptcy Solutions LLC, is the claims agent.  As of Sept. 30,
2008, Spansion had total assets of US$3,840,000,000, and total
debts of US$2,398,000,000.

Spansion Japan Ltd. filed a Chapter 15 petition on April 30, 2009
(Bankr. D. Del. Case No. 09-11480).  The Chapter 15 Petitioner's
counsel is Gregory Alan Taylor, Esq., at Ashby & Geddes.  It said
that Spansion Japan had US$10 million to US$50 million in assets
and US$50 million to US$100 million in debts.

Judge Kevin J. Carey confirmed Spansion's Plan of Reorganization
on April 16, 2010.  A group of holders of Convertible notes and
equity in Spansion presented an alternative plan, which would pay
senior noteholders in full and has funding commitment of in excess
of $425 million, but the plan was rejected.


STATION CASINOS: Committee Has OK to Tap Fox Rothschild as Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors for Station Casinos
Inc. sought and obtained the Court's authority to retain Fox
Rothschild LLP as Nevada counsel, effective as of April 23, 2010.

Prior to the Petition Date, the law firm Greenberg Traurig, LLP,
represented and provided services to the ad hoc committee of the
senior and subordinated noteholders of Debtor Station Casinos,
Inc.  As initially contemplated by the Debtors and the ad hoc
committee prior to the Petition Date, the Committee formally
engaged GT to represent the Committee as Nevada bankruptcy
counsel.  In its application to employ GT, the Committee listed
the principal GT attorneys and paraprofessionals expected to
render services to the Committee as including Brett A. Axelrod,
Esq., GT shareholder; Anne M. Loraditch, Esq., and Micaela Rustia,
Esq., GT associates; and Patricia M. Kois, GT paralegal.

As of April 23, 2010, member of the Axelrod Group joined Fox
Rothschild.  Ms. Axelrod and Ms. Loraditch joined Fox Rothschild
as partners, and Ms. Kois is now employed by Fox Rothschild as a
paralegal.  Micaela Rustia joined Fox Rothschild as an associate
on May 7.  The Committee has decided to continue its relationship
with the Axelrod Group.  The Committee, therefore, wishes to
retain Fox Rothschild as its Nevada bankruptcy counsel.

As Nevada counsel, Fox Rothschild will:

  a. Serve as local bankruptcy counsel to the Committee and its
     professionals, including assist Fried, Frank, Harris,
     Shriver and Jacobson LLP and Quinn Emmanuel Urquart &
     Sullivan, LLP, as requested.

  b. Advise the Committee of its rights and obligations and
     performance of its duties during administration of these
     bankruptcy Cases, including the performance of its duties
     as set forth in Section 1103 of the Bankruptcy Code.

  c. Attend meetings and negotiations with the Debtors and other
     parties-in-interest.

  d. Take all necessary action to protect and preserve the
     Debtors' estates for the benefit of the Committee and
     unsecured creditors generally, including: the prosecution
     of actions on the Committee's behalf, the defense of any
     actions taken against the Committee, negotiations
     concerning all litigation in which the Committee is
     involved, and objecting to claims filed against the estate
     which are believed to be inaccurate.

  e. Negotiate and prepare, on the Committee's behalf, any
     revisions, objections or necessary changes to any proposed
     plan of reorganization, disclosure statement and papers and
     court hearings related thereto.

  f. Represent the Committee in all proceedings before this
     Court or other courts of jurisdiction over these Cases;
     including, preparing and reviewing all motions, answers and
     orders necessary to protect the interests of the Committee
     and ensuring that those pleadings are in compliance with
     the Court's local practice and Local Rules.

  g. Assist the Committee and its professionals in developing
     legal positions and strategies with respect to all facets
     of these proceedings.

  h. Provide other counsel and advice as the Committee or its
     professionals may require in connection with the Cases.

  i. Work closely with, while taking care not to duplicate
     services of, lead counsel for the Committee and other
     professionals the Committee has retained or may retain in
     these Cases.

Fox Rothschild's current hourly rates applicable to the principal
attorneys and paraprofessionals proposed to represent the Debtor
as Nevada counsel are:

    Brett A. Axelrod  - Partner                $620
    Anne M. Loraditch - Partner                $485
    Micaela Rustia    - Associate              $390
    Patricia M. Kois  - Paralegal              $220

Other attorneys and paraprofessionals will render services to the
Debtor, as needed.  Generally, Fox Rothschild's hourly rates are:

    Partners                               $340 to $675
    Of Counsel/Special Counsel             $310 to $600
    Associates                             $220 to $400
    Legal Assistants/Paralegals             $85 to $260

Fox Rothschild will be reimbursed for any necessary out-of-pocket
expenses.

Brett Axelrod, Esq., a partner at Fox Rothschild LLP, assures the
Court that her firm is a "disinterested party" as defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Committee, the Debtors and their estates.

                     About Station Casinos

Station Casinos, Inc., is a gaming and entertainment company that
currently owns and operates nine major hotel/casino properties
(one of which is 50% owned) and eight smaller casino properties
(three of which are 50% owned), in the Las Vegas metropolitan
area, as well as manages a casino for a Native American tribe.

The Company owns and operates Red Rock Casino Resort Spa, Palace
Station Hotel & Casino, Boulder Station Hotel & Casino, Santa Fe
Station Hotel & Casino, Wildfire Rancho and Wild Wild West
Gambling Hall & Hotel in Las Vegas, Nevada, Texas Station Gambling
Hall & Hotel and Fiesta Rancho Casino Hotel in North Las Vegas,
Nevada, and Sunset Station Hotel & Casino, Fiesta Henderson Casino
Hotel, Wildfire Boulder, Gold Rush Casino and Lake Mead Casino in
Henderson, Nevada.  Station also owns a 50% interest in Green
Valley Ranch Station Casino, Aliante Station Casino and Hotel,
Barley's Casino & Brewing Company, The Greens and Wildfire Lanes
in Henderson, Nevada and a 6.7% interest in the joint venture that
owns the Palms Casino Resort in Las Vegas, Nevada.  In addition,
the Company manages Thunder Valley Casino near Sacramento,
California on behalf of the United Auburn Indian Community.

Station Casinos Inc., together with its affiliates, filed for
Chapter 11 on July 28, 2009 (Bankr. D. Nev. Case No. 09-52477).
Station Casinos has hired Milbank, Tweed, Hadley & McCloy LLP as
legal counsel in the Chapter 11 case; Brownstein Hyatt Farber
Schreck, LLP, as regulatory counsel; and Lewis and Roca LLP as
local counsel.  The Debtor is also hiring Lazard Freres & Co. LLC
as investment banker and financial advisor.  Kurtzman Carson
Consultants LLC is the claims and noticing agent.

In its bankruptcy petition, Station Casinos said that it had
assets of $5,725,001,325 against debts of $6,482,637,653 as of
June 30, 2009.  About 4,378,929,997 of its liabilities constitute
unsecured or subordinated debt securities.

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


STATION CASINOS: Revises Bidding Procedures for OpCo Assets
-----------------------------------------------------------
In a further revised proposed bidding procedures for their key
assets, Station Casinos Inc. and its units clarify that the OpCo
Properties do not include:

  (a) Any assets of FCP Propco LLC, any equity in or assets of
      any subsidiary of Station Casinos, Inc., that directly or
      indirectly owns the equity of Propco, or any assets
      encumbered by liens in favor of Propco, excluding any
      assets not located on a Propco Property and on which
      Propco's lien attaches to only an undivided percentage
      interest in, and less than 100% of, those assets;

  (b) Any of SCI's retained assets; and

  (c) Any of PropCo's newly purchased assets.

In addition to all or substantially all of the OpCo Assets,
certain intellectual property assets of the OpCo Group will be
included in the assets to be sold, but the sale of those assets to
any purchaser other than the Stalking Horse Bidder will be subject
to a license to New PropCo pursuant to a license agreement.

The Debtors propose that the bidding procedures will be conducted
by the OpCo Debtors, under the direction of Dr. James Nave, SCI's
independent director.  Dr. Nave will have the sole and exclusive
authority to act on behalf of the OpCo Debtors.

If the Stalking Horse Bid is not the Successful Bid, then (a) the
New PropCo Purchased Assets will be sold to PropCo as provided for
in the Plan, and (b) the Successful Bid will not include any of
the Excluded Assets but will include the cash proceeds equal to
$35,000,000 received by the OpCo Group from PropCo, which proceeds
will be subject to the liens of the Opco Agent until the closing
of the Successful Bid.

If the Stalking Horse Bid is not the Successful Bid and for any
reason Propco does not purchase the New Propco Purchased Assets,
then the Successful Bid will include the Unsold New Propco
Purchased Assets in lieu of the Cash Proceeds for those assets
that otherwise would have been paid to the Opco Group and those
Unsold New Propco Purchased Assets will remain subject to the
liens of the Opco Agent until the closing of the Successful Bid.

A full-text copy of the Revised Bidding Procedures is available
for free at http://bankrupt.com/misc/sci2ndbiddinpro.pdf

The Debtors also submitted the Asset Purchase Agreement among SCI,
certain subsidiaries, and FG Opco Acquisitions LLC, a full-text
copy of which is available for free at:

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

          Objections to Restructuring Support Agreement

The revised bidding procedures were made to fruition to address
the several objections raised by parties-in-interest like
Independent Lenders to Station Casinos, Inc., and the Official
Committee of Unsecured Creditors.

The Independent Lenders complains that the RSA Motion is yet
another attempt by the Debtors to jam through, on a shortened
notice, major case-dispositive, substantive relief, all without
adequate notice or other procedural safeguards.  The Independent
Lenders also complains that the lockup agreement under the RSA
Motion seeks is an impermissible plan solicitation that plainly
violates Section 1125(b) of the Bankruptcy Code.  Further, the
Debtors assert that the lockup agreement's "no-shop" provisions
require OpCo to abdicate its fiduciary duties to its creditors and
that it is an improper attempt to circumvent the plan process.

The Creditors' Committee asserts that the relief sought by the
Debtors is wholly unnecessary -- whether the Court grants or
denies the RSA Motion, the arrangements made between the OpCo
Lenders and the Fertittas will remain in place.  Even if there was
any reason to consider the Motion, the Debtors cannot satisfy
their heightened burden under the Bankruptcy Code for approval of
an insider transaction, and they should not be able to cloak
themselves under the guise of a "compromise" Section 9019(a) of
the Federal Rules of Bankruptcy Procedure when there is nothing to
compromise, the Committee further asserts.  Moreover, the OpCo
Support Agreement, the Committee argues, is clearly an
impermissible lockup agreement that violates the Bankruptcy Code,
violates United States Supreme Court holding in 203 North LaSalle,
and constitutes a sub rosa plan.

          Wells Fargo Joins in Deutsche Bank's Response

Wells Fargo Bank, N.A., an OpCo Lender and a member of the
Steering Committee, joins in the response of Deutsche Bank Trust
Company Americas, as administrative agent for the OpCo Lenders, to
the objections to the Bidding Procedures Motion.

As previously reported, the Administrative Agent maintained that
the Objectors' challenge to the Stalking Horse Bid in the Amended
Bidding Procedures as a purported insider transaction ignores the
fact that the Steering Committee for the OpCo Lenders, who are the
true economic owners of OpCo, led the process and negotiations
whereby the Stalking Horse Bid was selected.  The Administrative
Agent also maintained that the Stalking Horse Bid ensures the OpCo
Lenders with a substantial recovery and, in the view of the
Steering Committee, maximizes the value of the OpCo Debtors'
estates, according to the Administrative Agent.

                     About Station Casinos

Station Casinos, Inc., is a gaming and entertainment company that
currently owns and operates nine major hotel/casino properties
(one of which is 50% owned) and eight smaller casino properties
(three of which are 50% owned), in the Las Vegas metropolitan
area, as well as manages a casino for a Native American tribe.

The Company owns and operates Red Rock Casino Resort Spa, Palace
Station Hotel & Casino, Boulder Station Hotel & Casino, Santa Fe
Station Hotel & Casino, Wildfire Rancho and Wild Wild West
Gambling Hall & Hotel in Las Vegas, Nevada, Texas Station Gambling
Hall & Hotel and Fiesta Rancho Casino Hotel in North Las Vegas,
Nevada, and Sunset Station Hotel & Casino, Fiesta Henderson Casino
Hotel, Wildfire Boulder, Gold Rush Casino and Lake Mead Casino in
Henderson, Nevada.  Station also owns a 50% interest in Green
Valley Ranch Station Casino, Aliante Station Casino and Hotel,
Barley's Casino & Brewing Company, The Greens and Wildfire Lanes
in Henderson, Nevada and a 6.7% interest in the joint venture that
owns the Palms Casino Resort in Las Vegas, Nevada.  In addition,
the Company manages Thunder Valley Casino near Sacramento,
California on behalf of the United Auburn Indian Community.

Station Casinos Inc., together with its affiliates, filed for
Chapter 11 on July 28, 2009 (Bankr. D. Nev. Case No. 09-52477).
Station Casinos has hired Milbank, Tweed, Hadley & McCloy LLP as
legal counsel in the Chapter 11 case; Brownstein Hyatt Farber
Schreck, LLP, as regulatory counsel; and Lewis and Roca LLP as
local counsel.  The Debtor is also hiring Lazard Freres & Co. LLC
as investment banker and financial advisor.  Kurtzman Carson
Consultants LLC is the claims and noticing agent.

In its bankruptcy petition, Station Casinos said that it had
assets of $5,725,001,325 against debts of $6,482,637,653 as of
June 30, 2009.  About 4,378,929,997 of its liabilities constitute
unsecured or subordinated debt securities.

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


STATION CASINOS: Wins Nod to Pay Contract Bonuses
-------------------------------------------------
Station Casinos Inc. and its units obtained approval from the
Bankruptcy Court to pay three employees their guaranteed
employment contract bonuses pursuant to the terms of three
separate, prepetition employment contracts entered into with the
subject employees.

In the Prior Wages & Benefits Motion, the Debtors did not request
authority to pay any bonuses to employees under the Debtors'
various prepetition bonus programs, which include, retention
bonuses, guaranteed employment contract bonuses, "stretch"
bonuses, and discretionary target bonuses.  To the contrary, the
Debtors specifically excluded a request to pay bonuses from the
Prior Wages & Benefits Motion.

Proposed contract bonus to be paid to subject employees pursuant
to employment contracts are:

   Employee                    Proposed Bonus
   --------                    --------------
   Employee "A"                    $180,000
   Employee "B"                     $33,750
   Employee "C"                     $50,000

The identities of the Subject Employees are redacted to protect
the privacy of the Subject Employees and pursuant to the
confidentiality provisions of the Employment Contracts, according
to Robert C. Shenfeld, Esq., at Milbank, Tweed, Hadley & McCloy
LLP, in Los Angeles, California.

Mr. Shenfeld says none of the Contract Bonuses, denominated either
a "supplemental bonus" or a "guaranteed bonus" in the Employment
Contracts, are conditioned upon the performance of SCI or of the
subject employee and are not discretionary.

Each of the Contract Bonuses functions as annualized compensation
to the respective Subject Employee.  The Subject Employees are
each corporate vice-presidents of SCI and the Contract Bonuses,
combined with their other compensation, constitutes fair and
appropriate compensation for the level of services provided to
SCI, Mr. Shenfeld relates.

The Debtors believe the Contract Bonuses are postpetition contract
obligations, which can be paid in the ordinary course.   In an
abundance of caution, and in light of the fact that Contract
Bonuses were excluded from the Prior Wages & Benefits Motion and
cover a twelve-month period of employment that includes several
months of services rendered prepetition, SCI now seeks Court
authority to pay the Contract Bonuses.

Mr. Shenfeld avers that by seeking authority to pay the Contract
Bonuses SCI does not seek to deviate in any way from the interim
or final orders approving the Prior Wages & Benefits Motion and
does not seek to affect, alter or otherwise modify the Employment
Contracts.  Moreover, Mr. Shenfeld says, SCI does not seek to
assume the Employment Contracts or otherwise affect its rights
under the Employment Contracts, including, but not limited to
SCI's rights under Section 365 of the Bankruptcy Code.

Thomas Friel, executive vice president, chief accounting officer,
and treasurer of Station Casinos, Inc., filed a declaration in
support of the Motion.

                     About Station Casinos

Station Casinos, Inc., is a gaming and entertainment company that
currently owns and operates nine major hotel/casino properties
(one of which is 50% owned) and eight smaller casino properties
(three of which are 50% owned), in the Las Vegas metropolitan
area, as well as manages a casino for a Native American tribe.

The Company owns and operates Red Rock Casino Resort Spa, Palace
Station Hotel & Casino, Boulder Station Hotel & Casino, Santa Fe
Station Hotel & Casino, Wildfire Rancho and Wild Wild West
Gambling Hall & Hotel in Las Vegas, Nevada, Texas Station Gambling
Hall & Hotel and Fiesta Rancho Casino Hotel in North Las Vegas,
Nevada, and Sunset Station Hotel & Casino, Fiesta Henderson Casino
Hotel, Wildfire Boulder, Gold Rush Casino and Lake Mead Casino in
Henderson, Nevada.  Station also owns a 50% interest in Green
Valley Ranch Station Casino, Aliante Station Casino and Hotel,
Barley's Casino & Brewing Company, The Greens and Wildfire Lanes
in Henderson, Nevada and a 6.7% interest in the joint venture that
owns the Palms Casino Resort in Las Vegas, Nevada.  In addition,
the Company manages Thunder Valley Casino near Sacramento,
California on behalf of the United Auburn Indian Community.

Station Casinos Inc., together with its affiliates, filed for
Chapter 11 on July 28, 2009 (Bankr. D. Nev. Case No. 09-52477).
Station Casinos has hired Milbank, Tweed, Hadley & McCloy LLP as
legal counsel in the Chapter 11 case; Brownstein Hyatt Farber
Schreck, LLP, as regulatory counsel; and Lewis and Roca LLP as
local counsel.  The Debtor is also hiring Lazard Freres & Co. LLC
as investment banker and financial advisor.  Kurtzman Carson
Consultants LLC is the claims and noticing agent.

In its bankruptcy petition, Station Casinos said that it had
assets of $5,725,001,325 against debts of $6,482,637,653 as of
June 30, 2009.  About 4,378,929,997 of its liabilities constitute
unsecured or subordinated debt securities.

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


SUNDANCE LLC: Case Summary & Largest Unsecured Creditor
-------------------------------------------------------
Debtor: Sundance, LLC
        P.O. Box 2145
        Pinedale, WY 82941

Bankruptcy Case No.: 10-20633

Chapter 11 Petition Date: May 27, 2010

Court: United States Bankruptcy Court
       District of Wyoming (Cheyenne)

Debtor's Counsel: Clark D. Stith, Esq.
                  Greenhalgh, Beckwith, Lemich, Stith &
                  505 Broadway
                  Rock Springs, WY 82901
                  Tel: (307) 382-5565
                  Fax: (307) 382-5557
                  E-mail: clarkstith@yahoo.com

Scheduled Assets: $1,500,000

Scheduled Debts: $1,597,699

In its list of 20 largest unsecured creditors, the Company placed
only one entry:

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
Marsha Winter             Loan                   $297,699
c/o Doug Mason Attorney
25 S. Lincoln Ave.
PO Box 785
Pinedale, WY 82941

The petition was signed by Robert Brito, president.


SUNSTAR HOSPITALITY: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Sunstar Hospitality, LLC
        dba Holiday Inn Express
        24251 Delta Drive
        Diamond Bar, CA 91765

Bankruptcy Case No.: 10-33768

Chapter 11 Petition Date: May 28, 2010

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

Judge: Barbara J. Houser

Debtor's Counsel: Arthur I. Ungerman, Esq.
                  One Glen Lakes Tower
                  8140 Walnut Hill Ln., No. 301
                  Dallas, TX 75231
                  Tel: (972) 239-9055
                  Fax: (972) 239-9886
                  E-mail: arthur@arthurungerman.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 largest unsecured creditors
together with its petition.

The petition was signed by Lakhbir Multani, managing partner.


TENET HEALTHCARE: Confirms Initial Talks with Healthscope
---------------------------------------------------------
Tenet Healthcare Corporation confirmed it is engaged in
preliminary discussions regarding a potential acquisition of
Healthscope (HSP.AX), the second largest private hospital
corporation in Australia.  Tenet added it has a long-standing
policy of not commenting on market rumors, including speculation
on possible acquisitions.  However, Tenet said it is deviating
from that policy in this singular instance in response to recent
volatility in the trading of its common stock.

Healthscope owns and operates 43 hospitals representing 15% of
Australia's private hospital market.  Healthscope also operates
the country's third largest pathology business.  Healthscope had
an EBITDA margin of approximately 13.8% in 2009, and 11.1% revenue
growth.

Tenet notes over 40% of the Australian population is covered by
private health insurance and private hospital expenditures are
expected to realize a mid single digit real rate of growth for the
foreseeable future.  In addition to having universal access to
health care, Australia has a strong and growing economy with a
growing population and an increasing trend towards private health
insurance coverage.  Australia has a health care system in which
private hospitals complement public (government-run) hospitals.
Private hospitals generally serve patients who have chosen to
purchase private insurance or pay for their hospital care
directly, while public hospitals provide emergency care and
treatment for patients without private insurance coverage.

Tenet's U.S. business continues to perform well.  The Company has
confidence in its ability to grow earnings and cash flow in its
domestic operations and believes its current 2010 Outlook for
EBITDA and cash flow is conservative.  Paying and commercial
inpatient volume trends through May 31, 2010 remain favorable
relative to the first quarter 2010, with May results improving
relative to both April and March.

Tenet believes the acquisition, if consummated, will only be
completed at a price which creates value for its shareholders.
Tenet also believes the acquisition would improve Tenet's payer
mix, and enhance Tenet's margins and growth rates both currently
and for the long-term.  The acquisition of Healthscope would
advance Tenet's position as a leading global hospital operator and
provide opportunity for cross border sharing of knowledge and
capabilities.

Tenet's discussions with Healthscope are in the preliminary
stages.  Any acquisition transaction is subject to negotiation of
economic and other terms, completion of due diligence, negotiation
of terms of a definitive agreement and approvals of the Boards of
Directors of both companies.  There can be no assurances that any
agreement will be reached or that a transaction will be completed.
The Company will provide additional detail on its 2010 Outlook at
the Goldman Sachs Investor Conference on June 15, 2010.

                           *     *     *

According to John Kell at Dow Jones Newswires, a person familiar
with the matter said U.S. private-equity heavyweight Kohlberg
Kravis Roberts & Co. is also bidding for Healthscope.  Mr. Kell
relates each of Tenet's and KKR's bids values Healthscope at
A$1.84 billion (US$1.56 billion).

Dow Jones also reports Healthscope is being stalked by a private-
equity consortium, which had offered A$1.82 billion.  According to
Dow Jones, another person familiar with the matter said the
consortium that expressed interest in Healthscope includes Carlyle
Group LP, TPG Inc. and Blackstone Group LP.

Dow Jones further reports that earlier Tuesday, research firm SIG
Susquehanna said it was "a bit surprised" by the report of Tenet's
interest in Healthscope, saying Tenet has been gaining traction in
its U.S. turnaround, and that a change in strategy to incorporate
a significant international component would be a material shift.
Still, the firm said if Tenet was looking to return to
international markets after a 15-year absence, Healthscope would
be a logical platform acquisition.

Dow Jones also relates that J.P. Morgan said that with Tenet
already at an 85% debt-to-capital ratio, a transaction of the
reported size that relied heavily on debt would "seem to be a
balance sheet stretch."

                      About Tenet Healthcare

Dallas, Texas-based Tenet Healthcare Corporation (NYSE: THC) --
http://www.tenethealth.com/-- is a health care services company
whose subsidiaries and affiliates own and operate acute care
hospitals, ambulatory surgery centers and diagnostic imaging
centers.

The Company's balance sheet for March 31, 2010, showed
$7.8 billion in total assets and $7.0 billion in total
liabilities, for a $791.0 million total stockholder's equity.

                          *     *     *

Troubled Company Reporter said on March 17, 2010, Fitch Ratings
has affirmed Tenet Healthcare Corp.'s ratings: Issuer Default
Rating at 'B-'; Secured bank facility at 'BB-/RR1'; Senior secured
notes at 'BB-/RR1'.

Fitch has also upgraded Tenet's senior unsecured notes to 'B/RR3'
from 'B-/RR4'.  The upgrade is due to improved recovery prospects
for note holders on the basis of a stronger post-restructuring
EBITDA estimate.

As reported by the Troubled Company Reporter on October 1, 2009,
Standard & Poor's Ratings Services assigned its 'CCC' issue-level
rating to hospital operator Tenet Healthcare's $345 million
mandatory convertible preferreds.  Net proceeds were used to
repurchase $300 million worth of outstanding 9.25% senior notes
due 2015.  The mandatory convertible preferred stock will
automatically convert to Tenet common stock on Oct. 1 2012.
Standard & Poor's views the mandatory convertible preferred
issuance as 100% debt for ratings purposes.

S&P's corporate credit rating on Tenet is 'B', reflecting the
company's struggles over the past several years with weak
operating performance and operating cash outflow and highly
leveraged financial position.  Despite the successes to date of a
multiyear turnaround effort, these factors remain key elements of
the company's highly-leveraged financial risk profile and
vulnerable business risk profile.  Tenet's extensive efforts to
effectuate a turnaround over several years has included large-
scale management and governance changes, cost control initiatives,
revamped physician recruitment and relationship strategies, and
managed care contract renegotiations to improve pricing.  Tenet's
improving financial results and better patient admissions over the
past two years indicate some measure of success of its efforts.
Still, a consistent track record of positive free cash flow
generation is not likely in the near term.

The TCR said September 29, 2009, that Moody's Investors Service
changed the rating outlook of Tenet Healthcare to positive from
stable.  Concurrently, Moody's affirmed Tenet's B3 Corporate
Family and Probability of Default ratings.


THOMAS ROSZAK: Case Summary & 7 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Thomas Roszak
        5 Rolling Ridge Road
        Northfield, IL 60093-1013

Bankruptcy Case No.: 10-24326

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Susan Pierson Sonderby

Debtor's Counsel: Deborah K. Ebner, Esq.
                  Law Office of Deborah Kanner Ebner
                  11 E Adams Street, Suite 904
                  Chicago, IL 60603
                  Tel: (312) 922-3838
                  Fax: (312) 922-8722
                  E-mail: dkebner@deborahebnerlaw.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
$1,557,530 while debts total $2,780,000.

A copy of the Debtor's list of 7 largest unsecured creditors filed
together with the petition is available for free at:

            http://bankrupt.com/misc/ilnb10-24326.pdf

The petition was signed by the Debtor.

Debtor-affiliates filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Roszak/ADC, LLC                       09-22461            06/19/09
TR Alma Partners, LLC                 09-22448            06/19/09
TR Alma, Inc.                         09-22454            06/19/09
TR Harrison Sales Office, LLC         09-22089            06/18/09
TR Management, Inc                    09-22112            06/18/09
TR Maple Partners, LLC                09-22109            06/18/09
TR Realty Workshop, Inc.              09-22108            06/18/09
TR Ridge Partners, LLC                09-32803            09/03/09
TR Sienna Partners, LLC               09-32971            09/04/09
TR Sienna, Inc.                       09-32799            09/03/09
True Custom Homes of Arizona, LLC     09-22103            06/18/09


TIMOTHY EDWARDS: Case Summary & 19 Largest Unsecured Creditors
--------------------------------------------------------------
Joint Debtors: Timothy J. Edwards
               Candice L. Edwards
               16920 North Lakehills
               Jonestown, TX 78645

Bankruptcy Case No.: 10-11504

Chapter 11 Petition Date: May 28, 2010

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

Judge: Craig A. Gargotta

Debtor's Counsel: James Samuel Wilkins, Esq.
                  Willis & Wilkins, LLP
                  100 W Houston St, Suite 1275
                  San Antonio, TX 78205
                  Tel: (210) 271-9212
                  Fax: (210) 271-9389
                  E-mail: jwilkins@stic.net

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

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

A list of the Company's 19 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/txwb10-11504.pdf

The petition was signed by Timothy J. Edwards and Candice L.
Edwards.


TRANSFIRST GROUP: S&P Assigns Corporate Credit Rating at 'B'
------------------------------------------------------------
Standard & Poor's Rating Services assigned its 'B' corporate
credit rating to Dallas-based TransFirst Group Holdings Inc. The
rating outlook is stable.

At the same time, S&P assigned its issue-level rating of 'B' (at
the same level as its 'B' corporate credit rating on the company)
to TransFirst's $360 million first-lien credit facility,
consisting of a $310 million (about $302 million outstanding) term
loan due 2014 and a $50 million revolving credit facility due
2013.  S&P also assigned this debt a recovery rating of '3',
indicating S&P's expectations of modest (30%-50%) recovery for
lenders in the event of a payment default.

In addition, S&P rated TransFirst's $135 million (about
$138 million outstanding) second-lien term loan due 2015 at 'CCC+'
(two notches lower than the 'B' corporate credit rating) with a
recovery rating of '6', indicating S&P's expectations of
negligible (0%-10%) recovery for lenders in the event of a payment
default.

"The 'B' corporate credit rating reflects TransFirst's highly
leveraged financial profile, limited operational scale, partial
reliance on outsourced providers to generate sales growth, and
high leverage," said Standard & Poor's credit analyst Susan
Madison.  The favorable small-to-midsize merchant payment
processing business environment and steady, predictable cash flow
generation partially offset these factors.


TRAYLOR MULTIMEDIA: Files for Chapter 11 in Boston
--------------------------------------------------
Traylor Multimedia, Inc., doing business as 360Kid, filed for
Chapter 11 protection (Bankr. D. Mass. Case No. 10-15725),
reporting $179,000 in assets and about $578,000 in debt in its
bankruptcy petition

According to The Wall Street Journal, 360Kid, after filing for
bankruptcy on May 26, made a request to immediately tap the cash
securing its lenders' claims in order to continue operating.

CEO and Founder Scott Traylor said in a statement, "[T]he economic
reality of late coupled with ongoing litigation related to a
former client's outstanding invoices has necessitated our
restructuring.  While these challenging economic times have
affected many businesses, small businesses such as 360KID have
been particularly impacted."

Watertown, Mass.-based 360 Kid has received three Emmy nominations
for its work developing an interactive Sesame Street cable-
television channel.  360Kid partners with businesses and
nonprofits to create technology-based products to entertain and/or
educate kids.


TRUE NORTH: LL Bradford Raises Going Concern Doubt
--------------------------------------------------
True North Finance Corporation filed on May 28, 2010, its annual
report on Form 10-K for the year ended December 31, 2009.

L.L. Bradford & Company, LLC, in Las Vegas, expressed substantial
doubt about the Company's ability to continue as a going concern.
The independent auditors noted that the Company has incurred
recurring losses and its current liabilities exceed current
assets.

The Company reported a net loss of $46.6 million on $138,008 of
interest and fee income for 2009.  The Company had no revenue
generating activities in 2008.

The Company's balance sheet as of March 31, 2010, showed
$48.8 million in assets and $82.2 million of liabilities, for a
stockholders' deficit of $33.4 million.

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

               http://researcharchives.com/t/s?63b6

True North Finance Corporation is an early stage finance company
focused on the financing of completed, or nearly completed,
transactions.  The Company intends to invest primarily by making
short- and medium-term (ninety day to thirty-six month) loans,
and, on occasion, acquiring investments for re-sale.  The Company
expects to initially pursue finance and investment opportunities
in the following markets: opportunistic equity, trade finance,
distressed sellers, bridge finance and real estate finance.  The
Company is headquartered in Minneapolis, Minnesota.


VALLEJO, CALIFORNIA: Leaders Review $216-Mil. Spending Plan
-----------------------------------------------------------
Jessica A. York at the Vallejo Times-Herald reports that Vallejo
city leaders are looking at a new budget starting July 1 that
calls for some spending on city streets, grounds and vehicles
and long-term retired employee costs.  But the $216 million
spending plan also includes a contractual 7% raise for police
starting July 1 -- funds the city doesn't have -- so the budget
plan also calls for laying off 17 police officer positions, 11 of
which are now filled, and the closure of a fourth fire company.

Without these and other cuts, the city's General Fund would force
the city into a "horrific" deficit of nearly $21 million,
according to information provided by city Finance Director Rob
Stout, according to the report.

Times-Herald reports that since filing for Chapter 9 bankruptcy,
Vallejo has endured deep cuts in services and a flood of
departures from the ranks of the police department -- so much so
that the city has had to call for help from the Solano County
Sheriff's Office and other nearby police agencies when multiple
incidents occur.

Vallejo on May 23, 2008, filed a petition for protection under the
provisions of chapter 9 of the U. S. Bankruptcy Code.  On June 17,
2008, the City filed a motion to reject its collective bargaining
agreements with each of its four labor groups: Vallejo Police
Officers Association (VPOA); International Brotherhood of
Electrical Workers (IBEW); Confidential Administrative, Managerial
and Professional Association (CAMP), and IAFF.  Prior to the
hearing for the consideration of the rejection of the agreements,
the City reached supplemental agreements with VPOA and CAMP.  On
August 27, 2009, the City and IAFF signed a stipulation that
allowed the City to reject the IAFF agreement that would have run
through June 2010.  On September 1, 2009, the Bankruptcy Court
granted the City's motion to reject the IBEW agreement.  The City
and IAFF spent 5 days in mediation and commenced binding
arbitration hearings in January 2010.  Additional hearing dates
had been scheduled later this month.  During the interim period,
the City and IAFF resumed negotiations and reached an agreement on
the terms of a new agreement on February 18, 2010.


VENTANA DEVELOPMENT: Case Summary & 5 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Ventana Development Mortin Limited
        142 CR 222
        Bay City, TX 77414

Bankruptcy Case No.: 10-80318

Chapter 11 Petition Date: May 28, 2010

Court: United States Bankruptcy Court
       Southern District of Texas (Galveston)

Judge: Letitia Z. Paul

Debtor's Counsel: Thomas Baker Greene, III, Esq.
                  2311 Steel St.
                  Houston, TX 77098
                  Tel: (713) 882-2312
                  E-mail: tbgreeneiii@msn.com

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

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

Debtor-affiliates that filed separate Chapter 11 petitions:

        Entity                            Case No.   Petition Date
        ------                            --------   -------------
Ventana Development Reading LTD           10-80319        5/28/10
  Assets: $1,000,001 to $10,000,000
  Debts: $1,000,001 to $10,000,000
Ventana Development Westheimer, Ltd.      10-34407        5/28/10
  Assets: $1,000,001 to $10,000,000
  Debts: $1,000,001 to $10,000,000

The petitions were signed by James B. Grover, manager of Mortin
Road LLC, Debtors' general partner.

A list of Ventana Development Mortin's 5 largest unsecured
creditors filed together with the petition is available for free
at http://bankrupt.com/misc/txsb10-80318.pdf

In its list of 20 largest unsecured creditors, Ventana Development
Reading LTD placed  only one entry:

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
Richard Glassett, CPA                            Unknown
7735 Northwoods Dr
Sugar Land, TX 77479

In its list of 20 largest unsecured creditors, Ventana Development
Westheimer placed only one entry:

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
Richard Glassett, CPA                            $1,275
7735 Northwoods Dr
Sugar Land, TX 77479


VERVE CHIROPRACTIC: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Verve Chiropractic Group Ltd
        c/o Thomas Schern Richardson, PLLC
        1640 S. Stapley Drive, Suite 132
        Mesa, AZ 85204

Bankruptcy Case No.: 10-16802

Chapter 11 Petition Date: May 27, 2010

Court: U.S. Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Randolph J. Haines

Debtor's Counsel: Michael A. Schern, Esq.
                  Thomas Schern Richardson PLLC
                  1640 S Stapley Drive, Suite 205
                  Mesa, AZ 85204
                  Tel: (480) 632-1929
                  Fax: (480) 632-1938
                  E-mail: twhitney@thomas-schern.com

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

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 David A. Warkentin.


VICUS ORIENS: Case Summary & 5 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Vicus Oriens, LLC
        1805 E. Ruben Torres Blvd.
        Suite B-20
        Brownsville, TX 78526

Bankruptcy Case No.: 10-10386

Chapter 11 Petition Date: May 28, 2010

Court: United States Bankruptcy Court
       Southern District of Texas (Brownsville)

Judge: Richard S. Schmidt

Debtor's Counsel: Shelby A. Jordan, Esq.
                  Jordan Hyden Womble and Culbreth, PC
                  500 N Shoreline
                  Ste 900 N
                  Corpus Christi, TX 78471
                  Tel: (361) 884-5678
                  Fax: (361) 884-5616
                  E-mail: ecf@jhwclaw.com

Scheduled Assets: $1,476,286

Scheduled Debts: $1,003,085

A list of the Company's 5 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/txsb10-10386.pdf

The petition was signed by William P.C. Hudson, member.

Debtor-affiliates that filed separate Chapter 11 petitions:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Valley Lakes Investments, Ltd                     05/28/10

Outstanding Development, Ltd.          10-10388   05/28/10


VINOD PATEL: Voluntary Chapter 11 Case Summary
----------------------------------------------
Joint Debtors: Vinod Manilal Patel
               dba Shivsairam, LLC
               dba Econolodge
               Vandana Bhikhubhai
               dba Shivsairam, LLC
               dba Econolodge
               1625 Regal Row
               Dallas, TX 75247

Bankruptcy Case No.: 10-33745

Chapter 11 Petition Date: May 28, 2010

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

Judge: Harlin DeWayne Hale

Debtor's Counsel: Arthur I. Ungerman, Esq.
                  One Glen Lakes Tower
                  8140 Walnut Hill Ln., No. 301
                  Dallas, TX 75231
                  Tel: (972) 239-9055
                  Fax: (972) 239-9886
                  E-mail: arthur@arthurungerman.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 largest unsecured creditors
together with its petition.

The petition was signed by Vinod Manilal Patel and Vandana
Bhikhubhai.


VRUNDA CORP: Case Summary & 12 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Vrunda Corp.
          dba Motel 6
        6370 Old Dixie Highway
        Jonesboro, GA 30236

Bankruptcy Case No.: 10-75945

Chapter 11 Petition Date: May 28, 2010

Court: U.S. Bankruptcy Court
       Northern District of Georgia (Atlanta)

Judge: Wendy L. Hagenau

Debtor's Counsel: A. Keith Logue, Esq.
                  3423 Weymouth Court
                  Marietta, GA 30062
                  Tel: (770) 321-5750
                  Fax: (770) 321-5751
                  E-mail: keith@logue-law.com

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 12 largest unsecured creditors
filed together with the petition is available for free at

The petition was signed by Ishvar Patel, president.


VIEW SYSTEMS: Posts $458,300 Net Loss in Q1 2010
------------------------------------------------
View Systems, Inc., filed its quarterly report on Form 10-Q,
reporting a net loss of $458,305 on $263,991 of revenue for the
three months ended March 31, 2010, compared with a net loss of
$481,922 on $111,362 of revenue for the same period of 2009.

The Company's balance sheet as of March 31, 2010, showed
$1,372,579 in assets and $1,737,607 of liabilities, for a
stockholders' deficit of $365,028.

As reported in the Troubled Company Reporter on April 6, 2010,
Larry O'Donnell, CPA, P.C., expressed substantial doubt about the
Company's ability to continue as a going concern.  Mr. O'Donnell
noted that of the Company's net loss for 2009 and accumulated
deficit of $22,324.434 at December 31, 2009.

The Company continues to have significant working capital and
stockholders' deficits.  The Company's retained deficit was
$22,782,739 at March 31, 2010.

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

               http://researcharchives.com/t/s?63a1

Baltimore, Md.-based View Systems, Inc., develops, produces and
markets computer software and hardware systems for security and
surveillance applications.


VISTEON CORP: Rejects Johnson Controls Bid to Buy Assets
--------------------------------------------------------
Visteon Corporation has rejected an unsolicited proposal from
Johnson Controls, Inc., to purchase certain assets associated with
Visteon's interiors and electronics businesses.  Visteon conveyed
the reasons for its decision in a letter sent today from Visteon
to Johnson Controls.  The contents of the letter follow:

The Board of Directors of Visteon has studied your proposal
carefully and has unanimously concluded that our stakeholders, as
well as our customers and employees, are best served by moving
forward with our previously announced Plan of Reorganization to
emerge from bankruptcy as a strong, independent, stand-alone
company.

Following your expression of interest in acquiring certain assets
associated with our interiors and electronics businesses, our
Board, assisted by the Company's financial advisers, took the time
to conduct a thorough review and analysis of your proposal.
Without risk-adjusting your proposal, our careful analysis
demonstrates that your acquisition of selected assets, while
excluding certain liabilities, would accelerate other costs and
would not significantly enhance recoveries to our creditors or
provide recovery for our equity holders.  Additionally, the
realization of other risks associated with the proposed
transaction would negatively impact our creditors and leave equity
holders further removed from any recovery.  It is also likely your
proposal would involve a lengthy extension to the time we would
remain in bankruptcy, which could undermine much of the successful
work we have done to emerge as a strong company in the sector.
In short, we have determined that our Plan of Reorganization is
the best path forward for Visteon and that your proposal does not
warrant further consideration.  Given all of the above, we trust
you will respect our decision.

On a related matter, I am concerned that JCI's recent contacts
with our customers and aggressive characterizations of your
proposal could potentially damage our business and relationships
with key customers.  I assume these communications are occurring
without your knowledge and ask that you personally see that such
communications end.

Finally, because of the public announcement of your proposal, the
Company is obliged to share the contents of this letter with its
stakeholders, and intends to do so imminently through a press
release.

                     About Visteon Corp.

Headquartered in Van Buren Township, Michigan, Visteon Corporation
(NYSE: VC) -- http://www.visteon.com/-- is a global automotive
supplier that designs, engineers and manufactures innovative
climate, interior, electronic and lighting products for vehicle
manufacturers, and also provides a range of products and services
to aftermarket customers.  The Company has corporate offices in
Van Buren Township, Michigan (U.S.); Shanghai, China; and Kerpen,
Germany.  It has facilities in 27 countries and employs roughly
35,500 people.  The Company has assets of US$4,561,000,000 and
debts of US$5,311,000,000 as of March 31, 2009.

Visteon Corporation and 30 of its affiliates filed for Chapter 11
protection on May 28, 2009, (Bank. D. Del. Case No. 09-11786
through 09-11818).  Judge Christopher S. Sontchi oversees the
Chapter 11 cases.  James H.M. Sprayregen, Esq., Marc Kieselstein,
Esq., and James J. Mazza, Jr., Esq., at Kirkland & Ellis LLP, in
Chicago, Illinois, represent the Debtors in their restructuring
efforts.  Laura Davis Jones, Esq., James E. O'Neill, Esq., Timothy
P. Cairns, Esq., and Mark M. Billion, Esq., at Pachulski Stang
Ziehl & Jones LLP, in Wilmington, Delaware, serve as the Debtors'
local counsel.  The Debtors' investment banker and financial
advisor is Rothschild Inc.  The Debtors' notice, claims, and
solicitation agent is Kurtzman Carson Consultants LLC.  The
Debtors' restructuring advisor is Alvarez & Marsal North America,
LLC.

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


WASHINGTON MUTUAL: Bondholders Want $2BB Claim Temporarily Allowed
------------------------------------------------------------------
For purposes of voting on the Chapter 11 Plan, holders of senior
notes issued by Washington Mutual Bank ask Judge Walrath to
temporarily allow Claim Nos. 3710 and 3711, which assert that the
Debtors are liable for payment of all amounts due on the Senior
Notes.

The WMB Senior Noteholder Claims sought damages of at least
$1.8 billion, the face amount of the bonds then held by the
original signatories, plus interest.  In addition, certain Bank
Bondholders were included in a separate proof of claim, which
asserted claims for an additional $1.9 billion.  The Claims have
already been amended once and it is expected they will be further
amended in light of changes in the make-up of the Bank
Bondholders.

The total face amount of the WMB Senior Notes held by the Bank
Bondholders, and therefore the total amount of the claims at
issue, is approximately $2.5 billion plus interest, Philip D.
Anker, Esq., at Wilmer Cutler Pickering Hale and Dorr LLP, in New
York, discloses.

The proposed treatment of the Bank Bondholders' Claims under the
Plan is dependent on whether or not the class votes to accept the
Plan.  If the Class accepts the Plan, the Claims will be deemed
allowed and will receive distribution of a pro rata share,
subject to contractual subordination rights, of no more than
$150 million out of a hoped-for recovery of many billions of
dollars in tax refunds attributable largely, if not entirely, to
losses that were suffered by WMB, not WaMu Inc.  If the Class
votes to reject the Plan, the Debtors will reserve for the claims
only if those claims are determined to be allowed against the
Debtors.

Mr. Anker contends that the proposed classification and treatment
of the Bank Bondholders' Claims are contrary to the Bankruptcy
Code, rendering the Plan non-confirmable.  He adds that the
Disclosure Statement fails to provide adequate information on the
Bank Bondholders' claims and their proposed treatment.

Nevertheless, the Bank Bondholders clarify that by their current
motion, they simply seek the temporary allowance of their claims
for voting purposes.

                    About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- is a holding company for Washington Mutual
Bank as well as numerous non-bank subsidiaries.  The Company
operates in four segments: the Retail Banking Group, which
operates a retail bank network of 2,257 stores in California,
Florida, Texas, New York, Washington, Illinois, Oregon, New
Jersey, Georgia, Arizona, Colorado, Nevada, Utah, Idaho and
Connecticut; the Card Services Group, which operates a nationwide
credit card lending business; the Commercial Group, which conducts
a multi-family and commercial real estate lending business in
selected markets, and the Home Loans Group, which engages in
nationwide single-family residential real estate lending,
servicing and capital markets activities.

Washington Mutual Bank was taken over September 25 by U.S.
government regulators.  The next day, WaMu and its affiliate, WMI
Investment Corp., filed separate petitions for Chapter 11 relief
(Bankr. D. Del. 08-12229 and 08-12228, respectively).  Wamu owns
100% of the equity in WMI Investment.  Weil Gotshal & Manges
represents the Debtors as counsel.  When WaMu filed for protection
from its creditors, it listed assets of $32,896,605,516 and debts
of $8,167,022,695.  WMI Investment listed assets of $500,000,000
to $1,000,000,000 with zero debts.

Peter Calamari, Esq., and David Elsberg, Esq., at Quinn Emanuel
Urquhart Oliver & Hedges, LLP, served as legal counsel to WMI with
responsibility for the litigation.  Brian Rosen, Esq., at Weil,
Gotshal & Manges LLP served as legal counsel to WMI with
responsibility for the chapter 11 case.

Bankruptcy Creditors' Service Inc. publishes Washington Mutual
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Washington Mutual Inc. (http://bankrupt.com/newsstand/or
215/945-7000).


WASHINGTON MUTUAL: Equity Committee Wants to Probe FDIC
-------------------------------------------------------
The Official Committee of Equity Security Holders for Washington
Mutual Inc. seeks authority from Judge Walrath to conduct document
and deposition discovery of the Federal Deposit Insurance
Corporation, in both its corporate and receiver capacities, and
nine third parties -- Goldman Sachs, Banco Santander, Office of
Thrift Supervision, the Securities and Exchange Commission, the
Federal Reserve, Henry Paulson, the Department of Treasury,
Standard & Poor's, and Moody's -- pursuant to Rule 2004 of the
Federal Rules of Bankruptcy Procedure.

The Equity Committee says it seeks to use Rule 2004 to do what
the Debtors have not yet done: examine documents of the FDIC and
third parties that relate specifically to the claims that the
Debtors propose to release through a certain "global settlement"
embodied in the most recent version of their bankruptcy plan.

The Equity Committee says it has attempted to draft discovery
requests limited in subject matter to the claims being released
in the proposed Global Settlement.  To the extent any party views
a request as more broad than that scope, the Equity Committee
says it remains open to working with the parties to discuss any
breadth objections they may have.

For the nine third parties, the document requests are targeted
toward obtaining information about the claims that the Debtors
are releasing through the proposed Global Settlement.  The
document requests are a subset of the Debtors' requests to the
Bankruptcy Court a few months ago, but targeted solely at the
claims that the Debtors now seek to settle, according to Gregory
A. Taylor, Esq., at Ashby & Geddes, P.A., in Wilmington,
Delaware.  In addition to narrowing the scope of the actual
subpoenas, the Equity Committee also cut the list in half for the
parties subject to the Rule 2004 Motion from the Debtors'
original request, he notes.

For the FDIC, in addition to the category of documents relating
to the claims being released, the Equity Committee seeks
information concerning the negotiation and impact of the proposed
Global Settlement.  This information is highly relevant because
the proposed Settlement is the cornerstone of the Debtors'
proposed plan of reorganization, Mr. Taylor points out.

The Equity Committee asks Judge Walrath to schedule an expedited
hearing on its request for June 3, 2010, and to allow objections
to the same request no later than June 2.

                    About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- is a holding company for Washington Mutual
Bank as well as numerous non-bank subsidiaries.  The Company
operates in four segments: the Retail Banking Group, which
operates a retail bank network of 2,257 stores in California,
Florida, Texas, New York, Washington, Illinois, Oregon, New
Jersey, Georgia, Arizona, Colorado, Nevada, Utah, Idaho and
Connecticut; the Card Services Group, which operates a nationwide
credit card lending business; the Commercial Group, which conducts
a multi-family and commercial real estate lending business in
selected markets, and the Home Loans Group, which engages in
nationwide single-family residential real estate lending,
servicing and capital markets activities.

Washington Mutual Bank was taken over September 25 by U.S.
government regulators.  The next day, WaMu and its affiliate, WMI
Investment Corp., filed separate petitions for Chapter 11 relief
(Bankr. D. Del. 08-12229 and 08-12228, respectively).  Wamu owns
100% of the equity in WMI Investment.  Weil Gotshal & Manges
represents the Debtors as counsel.  When WaMu filed for protection
from its creditors, it listed assets of $32,896,605,516 and debts
of $8,167,022,695.  WMI Investment listed assets of $500,000,000
to $1,000,000,000 with zero debts.

Peter Calamari, Esq., and David Elsberg, Esq., at Quinn Emanuel
Urquhart Oliver & Hedges, LLP, served as legal counsel to WMI with
responsibility for the litigation.  Brian Rosen, Esq., at Weil,
Gotshal & Manges LLP served as legal counsel to WMI with
responsibility for the chapter 11 case.

Bankruptcy Creditors' Service Inc. publishes Washington Mutual
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Washington Mutual Inc. (http://bankrupt.com/newsstand/or
215/945-7000).


WASHINGTON MUTUAL: Equity Committee Wants to Probe JPMorgan
-----------------------------------------------------------
The Official Committee of Equity Security Holders for Washington
Mutual Inc. seeks to conduct an examination of JPMorgan Chase
Bank, N.A., its parent company JPMorgan Chase & Co., and certain
of its subsidiaries pursuant to Rule 2004 of the Federal Rules of
Bankruptcy Procedures.

The Equity Committee tells Judge Walrath that it wants to pursue
further the investigation into JPMorgan that the Debtors abruptly
terminated:

  -- by completing discovery of documents within JPMorgan's
     control, including pre-seizure business records of
     Washington Mutual Bank that are now in JPMorgan's exclusive
     possession; and

  -- by taking depositions of JPMorgan personnel with the most
     knowledge of subjects relevant to the claims that the
     Debtors propose to abandon.

The Equity Committee also seeks Court authority to conduct
document and deposition discovery of JPMorgan directed to the
negotiation and meaning of the proposed "global settlement" under
the Debtors' Chapter 11 Plan and the circumstances that led to
the adoption of the settlement.

Two Rule 2004 Motions were previously filed by the Debtors with
respect to JPMorgan: one in May 2009 and another one in December
2009.  The Rule 2004 Motions were in light of the Debtors'
identification of potential legal claims against JPMorgan
stemming from the events that led to the closure of WaMu Bank in
September 2008.  However, the matter eventually came to a halt
when the Debtors and JPMorgan reached an agreement on a global
settlement that would release, among other things, the potential
business tort claim that the Debtors had been investigating.  The
Debtors disclosed the existence of that global settlement to the
Court on March 12, 2010.

Gregory A. Taylor, Esq., at Ashby & Geddes, P.A., in Wilmington,
Delaware, notes that the Equity Committee is concerned that the
Global Settlement would release potential business tort claims
against JPMorgan, apparently without having any further factual
investigation of those claims.

To this end, the Equity Committee says it attempted to finish
collecting and more carefully analyze the information the Debtors
had assembled in 2009 in relation to their investigation.  The
Equity Committee soon came to determine that the available
information is largely incomplete.  According to the Equity
Committee, it attempted to save time by asking the Debtors and
the Official Committee of Unsecured Creditors to share their own
analysis into the JPMorgan matter, but both have refused
cooperation.

The discovery requests the Equity Committee specifically seeks
falls into four categories:

  (1) Reproduction of documents previously produced to the
      Debtors pursuant to the June 2009 Rule 2004 request to the
      extent the Equity Committee does not have a copy of those
      information.

  (2) Additional requests that are designed to explore other
      pre-seizure JPMorgan activities that may have been part of
      a scheme to impair WaMu's ability to raise capital and
      avoid a government take-over.

  (3) Additional requests targeting certain categories of pre-
      seizure WaMu Bank/WaMu documents, including financial
      data, information that WaMu Bank/WaMu provided JPMorgan
      under confidentiality agreements, and documents concerning
      WaMu Bank/WaMu efforts to address its financial
      difficulties, including WaMu's search for a potential
      acquiror.

  (4) Information concerning the negotiation and impact of the
      proposed Global Settlement.

A full-text copy of the Equity Committee's 1st Document Requests
on JPMorgan is available for free at:

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

                      Expedited Hearing

The Equity Committee also asks Judge Walrath to schedule an
expedited hearing on its request for June 3, 2010, and to allow
objections to the same request no later than June 2.

In a related filing, JPMorgan urges Judge Walrath to hear the
Equity Committee's Rule 2004 Motion at the same time as the
Debtors' Scheduling and Procedures Motion in relation to the
confirmation process will be heard -- be it on June 3 or at a
later date.

                    About Washington Mutual

Based in Seattle, Washington, Washington Mutual Inc. --
http://www.wamu.com/-- is a holding company for Washington Mutual
Bank as well as numerous non-bank subsidiaries.  The Company
operates in four segments: the Retail Banking Group, which
operates a retail bank network of 2,257 stores in California,
Florida, Texas, New York, Washington, Illinois, Oregon, New
Jersey, Georgia, Arizona, Colorado, Nevada, Utah, Idaho and
Connecticut; the Card Services Group, which operates a nationwide
credit card lending business; the Commercial Group, which conducts
a multi-family and commercial real estate lending business in
selected markets, and the Home Loans Group, which engages in
nationwide single-family residential real estate lending,
servicing and capital markets activities.

Washington Mutual Bank was taken over September 25 by U.S.
government regulators.  The next day, WaMu and its affiliate, WMI
Investment Corp., filed separate petitions for Chapter 11 relief
(Bankr. D. Del. 08-12229 and 08-12228, respectively).  Wamu owns
100% of the equity in WMI Investment.  Weil Gotshal & Manges
represents the Debtors as counsel.  When WaMu filed for protection
from its creditors, it listed assets of $32,896,605,516 and debts
of $8,167,022,695.  WMI Investment listed assets of $500,000,000
to $1,000,000,000 with zero debts.

Peter Calamari, Esq., and David Elsberg, Esq., at Quinn Emanuel
Urquhart Oliver & Hedges, LLP, served as legal counsel to WMI with
responsibility for the litigation.  Brian Rosen, Esq., at Weil,
Gotshal & Manges LLP served as legal counsel to WMI with
responsibility for the chapter 11 case.

Bankruptcy Creditors' Service Inc. publishes Washington Mutual
Bankruptcy News.  The newsletter tracks the Chapter 11 proceedings
of Washington Mutual Inc. (http://bankrupt.com/newsstand/or
215/945-7000).


WESTWICK BUILDERS: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Westwick Builders, Ltd.
        fka Westwick Builders, Inc.
        P.O. Box 672
        Conroe, TX 77305

Bankruptcy Case No.: 10-34340

Chapter 11 Petition Date: May 27, 2010

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Marvin Isgur

Debtor's Counsel: Julie Mitchell Koenig, Esq.
                  Tow and Koenig PLLC
                  26219 Oak Ridge Drive
                  The Woodlands, TX 77380
                  Tel: (281) 681-9100
                  Fax: (281) 681-1441
                  E-mail: jkoenig@towkoenig.com

Estimated Assets: $0 to $50,000

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

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

The petition was signed by Rebecca L. Ramsdale Johnson, limited
partner.


YANIV OFFIR: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Yaniv Offir
        3601 N 33 Terr
        Hollywood, FL 33021

Bankruptcy Case No.: 10-25182

Chapter 11 Petition Date: May 28, 2010

Court: U.S. Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Judge: Raymond B. Ray

Debtor's Counsel: Zach B. Shelomith, Esq.
                  2699 Stirling Road # C401
                  Ft Lauderdale, FL 33312
                  Tel: (954) 920-5355
                  Fax: (954) 920-5371
                  E-mail: zshelomith@lslawfirm.net

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

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

According to the schedules, the Debtor says that assets total
$159,235 while debts total $1,112,170.

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/flsb10-25182.pdf

The petition was signed by the Debtor.


* U.S. Congress Weighs Pension Bailout
--------------------------------------
John D. McKinnon at The Wall Street Journal reports that U.S.
lawmakers are laying the groundwork for a possible federal bailout
of some faltering pension plans that are jointly run by companies
and unions.

According to the report, many multi-employer plans are struggling
after years of financial hits and relatively light regulation. In
the past two years, almost 400 plans have announced they are in
bad condition, according to lawmakers.

The Journal relates that in response, some lawmakers are pushing a
plan that would provide federal aid to a few of the ailing pension
funds. But some conservatives and anti-union groups oppose the aid
effort, arguing it could lead to a broader taxpayer bailout of the
whole class of pensions, costing tens of billions of dollars.


* Elgin Seeks to Buy U.S. Bankruptcy Loans for CLOs
---------------------------------------------------
Esteban Duarte at Bloomberg News reported that Elgin Capital LLP,
a London-based asset manager, said it plans to start buying high-
yielding U.S. bankruptcy loans for three of its collateralized
loan obligations.  Elgin is seeking to add debtor-in-possession,
or DIP, loans to the pool of collateral backing its Dalradian
European CLO transactions II, III and IV, the company said in a
note to investors.  Under U.S. bankruptcy law, DIP loans are
repaid before other creditors.


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------

June 17-20, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Central States Bankruptcy Workshop
        Grand Traverse Resort and Spa, Traverse City, Mich.
           Contact: 1-703-739-0800; http://www.abiworld.org/

July 7-10, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Northeast Bankruptcy Conference
        Ocean Edge Resort, Brewster, Massachusetts
           Contact: 1-703-739-0800; http://www.abiworld.org/

July 14-17, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Southeast Bankruptcy Conference
        The Ritz-Carlton Amelia Island, Amelia, Fla.
           Contact: http://www.abiworld.org/

Aug. 3, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Atlanta Consumer Bankruptcy Skills Training
        Georgia State Bar Building, Atlanta, Ga.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 5-7, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Mid-Atlantic Bankruptcy Workshop
        Hyatt Regency Chesapeake Bay, Cambridge, Md.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 11-14, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Hawai.i Bankruptcy Workshop
        The Fairmont Orchid, Big Island, Hawaii
           Contact: 1-703-739-0800; http://www.abiworld.org/

Sept. 14, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     ABI/NYIC Golf and Tennis Fundraiser
        Maplewood Golf Club, Maplewood, N.J.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Sept. 20, 2010 (tentative)
  AMERICAN BANKRUPTCY INSTITUTE
     Complex Financial Restructuring Program
        Fordham Law School, New York, N.Y.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Sept. 23-25, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Southwest Bankruptcy Conference
        Four Seasons Las Vegas, Las Vegas, Nev.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 1, 2010 (tentative)
  AMERICAN BANKRUPTCY INSTITUTE
     ABI/UMKC Midwestern Bankruptcy Institute
        Kansas City Marriott Downtown, Kansas City, Kan.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 6-8, 2010
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Annual Convention
        JW Marriott Grande Lakes, Orlando, Florida
           Contact: http://www.turnaround.org/

Oct. 11, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Chicago Consumer Bankruptcy Conference
        Standard Club, Chicago, Ill.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 15, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     NCBJ/ABI Educational Program
        Hilton New Orleans Riverside, New Orleans, La.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 29, 2010 (tentative)
  AMERICAN BANKRUPTCY INSTITUTE
     International Insolvency Symposium
        The Savoy, London, England
           Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. __, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Delaware Views from the Bench and Bankruptcy Bar
        Hotel du Pont, Wilmington, Del.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 11, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Detroit Consumer Bankruptcy Conference
        Hyatt Regency Dearborn, Dearborn, Mich.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Dec. 9-11, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     Winter Leadership Conference
        Camelback Inn, a JW Marriott Resort & Spa,
        Scottsdale, Ariz.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Dec. 2-4, 2010
  AMERICAN BANKRUPTCY INSTITUTE
     22nd Annual Winter Leadership Conference
        Camelback Inn, Scottsdale, Arizona
           Contact: 1-703-739-0800; http://www.abiworld.org/

Jan. 20-21, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Rocky Mountain Bankruptcy Conference
        Westin Tabor Center, Denver, Colo.
           Contact: 1-703-739-0800; http://www.abiworld.org/

January 26-28, 2011
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Distressed Investing Conference
        Aria Las Vegas
           Contact: http://www.turnaround.org/

Mar. 31-Apr. 3, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Annual Spring Meeting
        Gaylord National Resort & Convention Center,
        National Harbor, Md.
           Contact: 1-703-739-0800; http://www.abiworld.org/

June 9-12, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Central States Bankruptcy Workshop
        Grand Traverse Resort and Spa, Traverse City, Mich.
              Contact: http://www.abiworld.org/

July 21-24, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     Northeast Bankruptcy Conference
        Hyatt Regency Newport, Newport, R.I.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 4-6, 2011  (tentative)
  AMERICAN BANKRUPTCY INSTITUTE
     Mid-Atlantic Bankruptcy Workshop
        Hotel Hershey, Hershey, Pa.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 14, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     NCBJ/ABI Educational Program
        Tampa Convention Center, Tampa, Fla.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 25-27, 2011
  TURNAROUND MANAGEMENT ASSOCIATION
     Hilton San Diego Bayfront, San Diego, CA
        Contact: http://www.turnaround.org/

Dec. 1-3, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     23rd Annual Winter Leadership Conference
        La Quinta Resort & Spa, La Quinta, Calif.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Apr. 19-22, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Annual Spring Meeting
        Gaylord National Resort & Convention Center,
        National Harbor, Md.
           Contact: 1-703-739-0800; http://www.abiworld.org/

July 14-17, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Southeast Bankruptcy Workshop
        The Ritz-Carlton Amelia Island, Amelia Island, Fla.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 2-4, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Mid-Atlantic Bankruptcy Workshop
        Hyatt Regency Chesapeake Bay, Cambridge, Md.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 29 - Dec. 2, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Winter Leadership Conference
        JW Marriott Starr Pass Resort & Spa, Tucson, Ariz.
           Contact: 1-703-739-0800; http://www.abiworld.org/

The Meetings, Conferences and Seminars column appears in the
Troubled Company Reporter each Wednesday.  Submissions via
e-mail to conferences@bankrupt.com are encouraged.

Last Updated: May 24, 2010



                           *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers"
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Howard
C. Tolentino, Joseph Medel C. Martirez, Denise Marie Varquez,
Philline Reluya, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Carlo Fernandez, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

Copyright 2010.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $775 for 6 months delivered via e-
mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Christopher
Beard at 240/629-3300.


                  *** End of Transmission ***