TCR_Public/100630.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 30, 2010, Vol. 14, No. 179

                            Headlines

5TH AVENUE PARTNERS: Ch. 11 Filing Stops WestLB Receivership Bid
5TH AVENUE PARTNERS: Case Summary & 19 Largest Unsecured Creditors
ABITIBIBOWATER INC: $180,000 in Claims Change Hands April-May
ABITIBIBOWATER INC: BCFC Hires APS as Special Advisor
ABITIBIBOWATER INC: Proposes Jones Day as Conflicts Counsel

ADVANCED MEDICAL: Posts $4.2MM Net Loss in Q2 Ended December 31
AES CORPORATION: Fitch Affirms Issuer Default Rating at 'B+'
AFFINIA GROUP: Moody's Gives Stable Outlook; Affirms 'B2' Rating
ALTAYA VENTURES: Voluntary Chapter 11 Case Summary
AMBRILIA BIOPHARMA: Appoints Faraj Nakhleh to Board of Directors

AMERICAN CAPITAL: Now 'RD' by Fitch After 'Coercive Debt Exchange'
AMERICAN CAPITAL: S&P Cuts Counterparty Credit Rating to 'SD'
AMERICAN HOSPITALITY: Foreclosure Back on Track
AMTRUST FINANCIAL: Objects to JDJ Reno's Arbitration Stay Bid
ASHRAY CORPORATION: Case Summary & 15 Largest Unsecured Creditors

ATHENS INVESTORS: Case Summary & 20 Largest Unsecured Creditors
AVINCI MEDIA: Posts $255,600 Net Loss for Q1 of 2010
BAY FRONT: Case Summary & 17 Largest Unsecured Creditors
BEAR ISLAND: Plan Exclusivity Extended Until October 1
BELLALILLY, LLC: Voluntary Chapter 11 Case Summary

BIGLER LP: Amegy Bank Buying Most Assets With Credit Bid
BIOVEST INTERNATIONAL: Names CPA Edmund King as Director
BLACK GAMING: Court Confirms Amended and Final Reorganization Plan
BLOCKBUSTER INC: Presents Accomplishments to Shareholders
BRIDGE ASSOCIATES: Case Summary & 5 Largest Unsecured Creditors

BRIER CREEK: Wants Case Dismissed to Pay Prepetition Claims
BRIER CREEK: Can Use Fund X's Cash Collateral Until July 30
BRIER CREEK: Files Schedules of Assets and Liabilities
CALIFORNIA COASTAL: Submits Third Iteration of Reorganization Plan
CALYPTE MEDICAL: Posts $549,000 Net Loss for March 31 Quarter

CANE RIDGE: Voluntary Chapter 11 Case Summary
CATHOLIC CHURCH: Catholic Mutual Seeks Arbitration
CC MEDIA: Mark Mays to Transition as Chairman
CENTER FOR RENAL: Voluntary Chapter 11 Case Summary
CHAD EICHTEN: Case Summary & 20 Largest Unsecured Creditors

CHARLESTON ASSOCIATES: Meeting to Form Creditors Committee July 1
CHINO HILLS: Voluntary Chapter 11 Case Summary
COLONIAL BANCGROUP: FDIC to Seek Dismissal of Tax Refund Lawsuit
COOPER TIRE: S&P Raises Corporate Credit Rating to 'BB-'
CRISTAL INORGANIC: Moody's Moves Outlook on 'B3' to 'Stable'

DOUBLE G: Files Schedules of Assets and Liabilities
DOUBLE G: U.S. Trustee Forms 6-Member Creditors Committee
DOYLE HEATON: Wins Confirmation of Chapter 11 Plan
DR HORTON: S&P Changes Outlook to Stable; Affirms 'BB-' Rating
DUKE'S EARTH: Case Summary & 20 Largest Unsecured Creditors

ENERGY PARTNERS: Completes Refinancing, Recovers Cash Collateral
EROSION SERVICE: Case Summary & 20 Largest Unsecured Creditors
FAIRPOINT COMMS: Vermont Regulators Reject Bankruptcy Plan
FIRST INDUSTRIAL: Fitch Puts Low-B Ratings on Negative Watch
FISHERMAN'S WHARF: Taps Bush Ross as General Bankruptcy Counsel

FISHERMAN'S WHARF: Files Schedules of Assets and Liabilities
FLYING J: Plaintiff Says Plan Improperly Releases Hot Fuel Claims
FORUM HEALTH: Hearing on Sale of Assets Continued Until August 10
FRONTIER COMMS: Highlights New Wins in Commercial Business Sector
FRONTIER DRILLING: Moody's Puts Junk Rating Under Review

FRONTIER DRILLING: S&P Shifts Watch on 'CCC' Rating to Positive
FURNITURE FACTORY: Court OKs Planned to Manage GOB Sales
GARDEN WAY: Voluntary Chapter 11 Case Summary
GARY MCLEAN: Ex-Wife Wants Case Dismissed or Converted to Ch. 7
GARY MCLEAN: Files Schedules of Assets and Liabilities

GARY MCLEAN: Taps Lasher Holzapfel as Bankruptcy Counsel
GARY MCLEAN: U.S. Trustee Unable to Form Creditors Committee
GARY REYNOLDS: Case Summary & 6 Largest Unsecured Creditors
GENELINK INC: March 31 Balance Sheet Upside-Down by $1 Million
GENERAL MOTORS: In Talks With China to Raise SAIC Stake to 44%

GENERAL MOTORS: Industry Rebounding, Says UAW President
GENERAL MOTORS: Withdraws All Applications for Opel Guarantees
GENTIVA HEALTH: Moody's Confirms 'Ba3' Corporate Family Rating
GOOD HOME: Voluntary Chapter 11 Case Summary
GREAT LAKES: Case Summary & 20 Largest Unsecured Creditors

GREEKTOWN HOLDINGS: Faces Obstacles to June 30 Finish Line
GREEKTOWN HOLDINGS: Noteholders Win OK for Plan Related Documents
GREEKTOWN HOLDINGS: Plan Tax Effects Determination Approved
HARVEY KALMENSON: Case Summary & 9 Largest Unsecured Creditors
HMSC CORP: S&P Affirms 'B-' Counterparty Credit Rating

INAYAT BERGUM: Case Summary & 20 Largest Unsecured Creditors
INDEPENDENCE TAX: Trien Rosenberg Raises Going Concern Doubt
INSIGHT COMMUNICATIONS: Moody's Pus 'B1' Corporate Family Rating
INSIGHT COMMUNICATIONS: S&P Puts 'B-' Rating on $400 Mil. Notes
INTERNATIONAL TOBACCO: Case Summary & 7 Largest Unsec Creditors

INTERNET BUSINESS: Voluntary Chapter 11 Case Summary
JEFFREY BAKER: Case Summary & 9 Largest Unsecured Creditors
JERMAX INC: Case Summary & 14 Largest Unsecured Creditors
JESUP & LAMONT: To Cut Staff After FINRA Halts Trading Operations
JIT MANN: Case Summary & 20 Largest Unsecured Creditors

KENAN ADVANTAGE: Moody's Assigns 'Ba3' Corporate Family Rating
KRISPY KREME: Shareholders Elect 3 Director Nominees
L3 LLC: Voluntary Chapter 11 Case Summary
LEHMAN BROTHERS: Asks for Nod of Deal With Silver Lake, et al.
LEHMAN BROTHERS: Has Paid $830,576,000 to Firms as of May 31

LEHMAN BROTHERS: Proposes to Transfer Servicing Rights to Aurora
LEHMAN BROTHERS: Seeks to Sell New Silk Stake to Berkeley
LEHMAN BROTHERS: Proposes Settlement With Heritage Fields
LEHMAN BROTHERS: Wants to Enforce Stay on Greenbrier Minerals
LEHMAN BROTHERS: Wants to Establish Asset Disposal Procedures

LEXI DEVELOPMENT: Filing Could Result to $8MM Loss for Bank
LOUISIANA SYSTEM: Voluntary Chapter 11 Case Summary
MAJESTIC STAR: Court Extends Ch. 11 Plan Filing Until August 20
MALIBU ASSOCIATES: Court Extends Plan Filing Period Until Sept. 3
MARDI INVESTMENTS: Voluntary Chapter 11 Case Summary

MARK BRUNELL: Personal Guarantees on Biz Loans Add to Woes
MARK BRUNELL: Case Summary & 20 Largest Unsecured Creditors
MARTIN CADILLAC: Files for Chapter 11 in New Jersey
MARTIN CADILLAC: Case Summary & 20 Largest Unsecured Creditors
MEDIA SERVICES: Voluntary Chapter 11 Case Summary

MEDICAL CONNECTIONS: Posts $2.5 Million Net Loss for Q1 2010
MERIT MINING: Closes Second Tranche of $15.5MM Private Placement
MOVIE GALLERY: Sales of Inventory Generate $18 Million
NETWORK COMMS: Will Not Pay $9.4 Million Interest on Sr. Notes
NICOLAS MARSCH: Wants Extension of Exclusive Period to File Plan

NORTH GENERAL HOSPITAL: To File for Bankruptcy on Friday
NORTH GLYNN: Case Summary & 5 Largest Unsecured Creditors
NUTRACEA: Files Joint Plan of Reorganization With Creditors
ORANGE GROVE: Files Schedules of Assets and Liabilities
OSCIENT PHARMACEUTICALS: RBS Citizens Objects to Amended Plan

PACIFIC ETHANOL: Ca. Superior Court Approves Settlement Agreement
PACIFIC ETHANOL: Subsidiaries Exit Bankruptcy
PARKSIDE PARTNERS: Case Summary & 9 Largest Unsecured Creditors
PEACHTREE RESTAURANT: Files for Chapter 11 Bankruptcy Protection
PERRY ELLIS: S&P Assigns 'B-' Senior Unsecured Debt Rating

PLAYBOY ENTERPRISES: Downsizes Organizational Structure
POWER EFFICIENCY: Closes Private Placement of Series D Stock
REFCO INC: Claims Objection Deadline Extended to Dec. 7
REFCO INC: Fraud Victims Reap $135 Million From Executives
REFCO INC: Litigation Trustee Makes $65MM Distribution

RESIDENCE FOR RENAL: Voluntary Chapter 11 Case Summary
RHYNE'S ANTIQUES: Case Summary & 6 Largest Unsecured Creditors
RHYNESTONE INC: Case Summary & 3 Largest Unsecured Creditors
RICHARD HOUNG: Case Summary & 4 Largest Unsecured Creditors
SAC II: Files Schedules of Assets and Liabilities

SECURITY BENEFIT: S&P Keeps 'BB+' Counterparty Credit Rating
SOURCEGAS LLC: Moody's Affirms 'Ba2' Corporate Family Rating
SOUTHERN CYPRESS: Case Summary & 20 Largest Unsecured Creditors
SPECIALTY ACQUISITION: Files Schedules of Assets and Liabilities
SPECIALTY TRUST: Files Schedules of Assets and Liabilities

SPRINGBOK SERVICES: Section 341(a) Meeting Scheduled for July 26
SPRINGBOK SERVICES: Taps Bieging Shapiro as Bankruptcy Counsel
SPRINGBOK SERVICES: Wants to Hire JAS as Restructuring Advisor
SPRINGBOK SERVICES: Wants to Hire Epiq as Claims & Noticing Agent
STARKEY CHEMICAL: Case Summary & 20 Largest Unsecured Creditors

STERLING ESTATES: Court Fixes August 16 as Claims Bar Date
STERLING ESTATES: Has Access to Wells Fargo's Cash Until July 30
STERLING ESTATES: Files Schedules of Assets and Liabilities
STEVEN BATES: Case Summary & 15 Largest Unsecured Creditors
STEVENSON TELO: Case Summary & 5 Largest Unsecured Creditors

SUMNER REGIONAL: Sale to LifePoint Formally Approved
SUNDANCE SELF-STORAGE: Case Summary & Creditors List
SWIFT MASTER: Accounts Removal Won't Affect Moody's Ba3 Rating
TANIA HUNTER: Case Summary & 20 Largest Unsecured Creditors
TAYLOR BEAN: Committee Wants to Preserve D&O Policy

TEREX CORPORATION: Moody's Affirms 'B2' Corporate Family Ratings
TEXAS RANGERS: Judge Says Chapter 11 Plan May Fail
TEXAS RANGERS: MLB & Creditors Must Surrender Documents
TIMOTHY CREDE: Voluntary Chapter 11 Case Summary
TOMAS MARTINEZ: Case Summary & 4 Largest Unsecured Creditors

TWIN LAKES: Case Summary & 9 Largest Unsecured Creditors
UNIVERSAL HEALTH: Fitch Assigns 'BB' Rating on Senior Facility
USA COMMERCIAL: Contractor Agrees to Pay $5.5 Million to Trust
VISTEON CORP: Expands Automotive Systems Manufacturing in China
VISTEON CORP: Goldman, 3.90% Owner, Party to Plan Funding Deal

VISTEON CORP: UBS, 0.12% Owner, Party to Plan Funding Deal
WAYTRONX INC: Incurs $1.2 Million Net Loss in Q1 2010
WESTPARK PROMENADE: Case Summary & 7 Largest Unsecured Creditors
WON SHIN LEE: Case Summary & 20 Largest Unsecured Creditors
WORLDGATE COMMS: March 31 Balance Sheet Upside-Down by $1 Million

YURI PLYAM: Precision, Castle Want Bankruptcy Case Dismissed
YURI PLYAM: Section 341(a) Meeting Scheduled for July 27

* Upcoming Meetings, Conferences and Seminars


                            *********


5TH AVENUE PARTNERS: Ch. 11 Filing Stops WestLB Receivership Bid
----------------------------------------------------------------
5th Avenue Partners LLC filed for Chapter 11 bankruptcy protection
on Friday (Bankr. C.D. Calif. Case No. 10-18667).

Jacqueline Palank at Dow Jones Daily Bankruptcy Review reports the
bankruptcy filing halted a state court hearing slated for Monday
at which lender WestLB AG Bank would have sought the appointment
of a receiver to take over the company's assets.

The bank had sought the receivership in connection with 5th
Avenue's default on about $67 million in outstanding loans,
secured by substantially all of the company's assets, court papers
show, according to Ms. Palank.

The Debtor owns and operates the Se San Diego hotel and landlord
to a House of Blues music club next door.  Dow Jones notes the Se
San Diego, located in San Diego's financial district, was plagued
with challenges before it even opened its doors at the end of
2008.  Construction on the hotel began in February 2006, and by
December 2007, its general contractor found itself significantly
over budget.  The contractor abandoned the project in April 2008,
leaving 5th Avenue to spend an extra $30 million to complete the
hotel.

The hotel's opening that December coincided with the collapse of
the U.S. economy, 5th Avenue said, which left it in a precarious
position when its construction loan from WestLB came due several
months later.  Tight credit markets prevented 5th Avenue from
refinancing the loan, leading it to default this past March.

According to Ms. Palank, 5th Avenue is seeking immediate
permission to use cash collateral securing its lenders' claims and
continue paying its 224 employees.  5th Avenue said, "Unless the
debtor obtains immediate authorization to use cash collateral to
pay all ordinary and necessary obligations, the operations of the
hotel will be adversely impacted."

In addition to its 184 guestrooms, the Se San Diego houses a
5,500-square-foot spa, a restaurant, rooftop bar and lounge,
20,000 square feet of banquet space and meeting rooms, an outdoor
rooftop pool, fitness center and 23 unsold condominium units.

Next door is a 31,000-square-foot building, which 5th Avenue owns
and rents to House of Blues San Diego LLC. The two companies split
all profits generated by the music club.

Ms. Palank notes 5th Avenue disclosed $10 million to $50 million
in assets and $50 million to $100 million in debts.  Judge Erithe
A. Smith of the U.S. Bankruptcy Court in Santa Ana, Calif., will
oversee 5th Avenue's Chapter 11 proceeding, numbered 10-18667.


5TH AVENUE PARTNERS: Case Summary & 19 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: 5th Avenue Partners, LLC
        4300 Campus Drive, #214
        Newport Beach, CA 92660

Bankruptcy Case No.: 10-18667

Chapter 11 Petition Date: June 25, 2010

Court: United States Bankruptcy Court
       Central District Of California (Santa Ana)

Judge: Erithe A. Smith

Debtor's Counsel: Marc J. Winthrop, Esq.
                  660 Newport Center Dr Ste 400
                  Newport Beach, CA 92660
                  Tel: (949) 720-4100
                  E-mail: mwinthrop@winthropcouchot.com

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

Estimated Debts: $50,000,001 to $100,000,000

The petition was signed by Steven Rebeil, managing member of
Diegan, LLC, the managing member of the Debtor.

Debtor's List of 19 Largest Unsecured Creditors:

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
Manatt Phelps & Phillips  Legal services         $746,721
Attn: Corporate Officer
695 Towne Ctr. Dr., 14 Fl.
Costa Mesa, CA 92626

Raymond - Sam Diego       Trade                  $569.144
Attn: Corporate Officer
520 W. Walnut Avenue
Orange, CA9286

California Comfort Sys    Trade                  $562,797
USA
Attn: Corporate Officer
9750 Distribution Ave.
San Diego, CA 92121

Dynalectric Company       Trade                  $527,647
Attn: Corporate Officer
9505 Chesapeake Drive
San Diego, CA 92123

Jeffrey Trott Industries  Trade                  $227,603

Wirtz Tile & Stone        Trade                  $223,619

Rockwell Group            Trade                  $194,542

RW Smith                  Trade                  $171,876

Gabbard Hardware          Trade                  $164,637

Buxcon Sheet Metal Inc.   Trade                  $128,797

Division 8                Trade                  $111,522

ISEC                      Trade                  $102,871

ACE Parking               Trade                  $97,969

Marsh Risk & Insurance    Insurance              $91,060
Serv

MJA Advertising           Trade                  $81,368

Westry Group, dba Sub     Trade                  $72,573
Zero Wolf

San Diego Gas & Electric  Trade                  $72,121

Navigant Consulting       Trade                  $71,626

GNS Management            Trade                  $60,664


ABITIBIBOWATER INC: $180,000 in Claims Change Hands April-May
-------------------------------------------------------------
The Clerk of the Bankruptcy Court recorded the transfers of
these entities' claims, totaling $31,686, in the Debtors'
cases for the month of April 2010:

                                             Claim         Claim
  Transferor        Transferee                  No.        Amount
  ----------        ---------                 -----        ------
Maintenance        Contrarian Funds, LLC       1004       $24,222
Insulation Co.

Klenzoid           ASM Capital, L.P.            80          7,464
Equipment Co.

The Clerk of the Bankruptcy Court recorded the transfers of
these entities' claims, totaling $152,595 in the Debtors'
cases for the month of May 2010:

                                             Claim        Claim
  Transferor        Transferee                  No.        Amount
  ----------        ---------                 -----       -------
Plum Creek          Liquidity                  1431       $42,202
                   Solutions, Inc.

Hargrove            Liquidity               undisclosed    37,753
& Associates        Solutions, Inc.

Chem Station        Fair Harbor             undisclosed    10,120
                   Capital, LLC

Denlinger,          U.S. Debt               undisclosed     9,826
Rosenthal           Recovery V, LP
& Greenberg

Palmer &            Fair Harbor                1376         8,889
Lawrence, Inc.      Capital, LLC

I.A.M. Lubricants   Fair Harbor             undisclosed     7,190
                   Capital, LLC

ML Ball Co., Inc.   Fair Harbor             undisclosed     6,377
                   Capital, LLC


Bolts & Nuts, Inc.  Fair Harbor                2508         6,357
                   Capital, LLC


Lightnin c/o        Fair Harbor             undisclosed     5,809
Rodgers-Turner      Capital, LLC
& Assoc.

G&K Trucking        U.S. Debt               undisclosed     4,082
                   Recovery IV, LLC

Scofield Timber     Sierra Liquidity           1949         3,277
Company, Inc.       Fund, LLC

Scofield Timber     Sierra Liquidity            27          2,338
Company, Inc.       Fund, LLC

Mower County        Sierra Liquidity        undisclosed     2,015
                   Fund, LLC

Carotron, Inc.      Sierra Liquidity           1328         1,332
                   Fund, LLC

Carolina Rebar,     Sierra Liquidity           1949         1,311
Inc.                Fund, LLC

Beaty Lumber        Sierra Liquidity             73           983
Company             Fund, LLC

Leon Hills          U.S. Debt               undisclosed       627
Interiors, Inc.     Recovery IV, LLC

Pest Shield         U.S. Debt               undisclosed       599
Pest Control,       Recovery IV, LLC
Inc.

Superior            Sierra Liquidity           1025           425
Scale, Inc.         Fund, LLC

Master Scales       Sierra Liquidity           1728           363
                   Fund, LLC

                     About AbitibiBowater

AbitibiBowater produces a wide range of newsprint, commercial
printing papers, market pulp and wood products.  It is the eighth
largest publicly traded pulp and paper manufacturer in the world.
AbitibiBowater owns or operates 22 pulp and paper facilities and
26 wood products facilities located in the United States, Canada
and South Korea.  Marketing its products in more than 90
countries, the Company is also among the world's largest recyclers
of old newspapers and magazines, and has third-party certified
100% of its managed woodlands to sustainable forest management
standards.  AbitibiBowater's shares trade over-the-counter on the
Pink Sheets and on the OTC Bulletin Board under the stock symbol
ABWTQ.

The Company and several of its affiliates filed for protection
under Chapter 11 of the U.S. Bankruptcy Code on April 16, 2009
(Bankr. D. Del. Lead Case No. 09-11296).  Judge Kevin J. Carey
presides over the case.  The Company and its Canadian affiliates
commenced parallel restructuring proceedings under the Companies'
Creditors Arrangement Act before the Quebec Superior Court
Commercial Division the next day.  Alex F. Morrison at Ernst &
Young, Inc., was appointed CCAA monitor.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, serves as the
Debtors' U.S. bankruptcy counsel.  Stikeman Elliot LLP, acts as
the Debtors' CCAA counsel.  Young, Conaway, Stargatt & Taylor, in
Wilmington, Delaware, serves as the Debtors' co-counsel, while
Troutman Sanders LLP in New York, serves as the Debtors' conflicts
counsel in the Chapter 11 proceedings.  The Debtors' financial
advisors are Advisory Services LP, and their noticing and claims
agent is Epiq Bankruptcy Solutions LLC.  The CCAA Monitor's
counsel is Thornton, Grout & Finnigan LLP, in Toronto, Ontario.
Abitibi-Consolidated Inc. and various Canadian subsidiaries filed
for protection under Chapter 15 of the U.S. Bankruptcy Code on
April 17, 2009 (Bankr. D. Del. 09-11348).  Judge Carey also
handles the Chapter 15 case.  Pauline K. Morgan, Esq., and Sean T.
Greecher, Esq., at Young, Conaway, Stargatt & Taylor, in
Wilmington, represent the Chapter 15 Debtors.

As of Sept. 30, 2008, the Company had $9,937,000,000 in total
assets and $8,783,000,000 in total debts.

Bankruptcy Creditors' Service, Inc., publishes AbitibiBowater
Bankruptcy News.  The newsletter provides gavel-to-gavel coverage
of the Chapter 11 proceedings and parallel proceedings under the
Companies' Creditors Arrangement Act in Canada undertaken by
Abitibibowater Inc. and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000).


ABITIBIBOWATER INC: BCFC Hires APS as Special Advisor
-----------------------------------------------------
AbitibiBowater Inc. and its units ask the U.S. Bankruptcy Court to
authorize Bowater Canada Finance Corporation to (i) employ and
retain AP Services, LLC, as special advisor; and (ii) designate
Lisa Donohue as vice president for Restructuring.

BCFC is a wholly owned subsidiary of Bowater Incorporated
organized as an unlimited liability company under Nova Scotia
law.  BCFC issued notes in the principal amount of $600 million
pursuant to the indenture for the 7.95% notes due 2011 dated as
of October 31, 2001, among BCFC as issuer, Bowater as guarantor,
and the Bank of New York, as trustee.  The BCFC Notes remain
outstanding.

BCFC is a financing vehicle with no material operations.  In the
event of a winding up of BCFC, it may have a wind up claim
against Bowater for any amounts outstanding, as well as other
potential claims, in connection with the use of proceeds from the
issuance of the BCFC Notes.

Resolving the Wind-Up Claim and BCFC Claims presents a potential
conflict of interest between BCFC and Bowater.  Accordingly,
retention of a wholly independent officer to investigate the Wind
Up Claim and the BCFC Claims and make recommendations to BCFC's
board regarding the appropriate prosecution or settlement is
warranted, to "avoid undue expense and delay with their
reorganization and emergence efforts, and any appearance of
impropriety," according to Sean T. Greecher, Esq., at Young
Conaway Stargatt & Taylor, LLP, in Wilmington, Delaware.

The Debtors' Application to employ APS and Ms. Donohue shares the
reasons behind the Debtors' previous intent to hire Togut, Segal
& Segal LLP as conflicts counsel.

The Debtors contend that for more than 20 years, APS and its
affiliates have provided interim management and advisory services
to companies experiencing financial difficulties, including the
large and mid-size bankruptcy restructurings of Motors
Liquidation Company, Lyondell Chemical Co., Hayes Lemmerz and
Stallion Oil Field Services, among others.  Similarly, Ms.
Donahue has 13 years of experience in claims settlements,
creditor negotiations, situational analysis, and debt
restructuring for both domestic and international organizations,
Mr. Greecher says.

Pursuant to an engagement agreement with BCFC, APS and Ms.
Donahue will, among other things:

  (a) review the Wind-Up Claim and the BCFC Claims, in each case
      with the benefit of advice from independent legal
      advisors; and in the case of the BCFC Claims, with the
      benefit of review and consideration of the report
      regarding the BCFC Claims of the Monitor overseeing the
      Companies' Creditors Arrangement Act Proceedings of
      AbitibiBowater's affiliates in Canada;

  (b) consider, and recommend to the Board of Directors, the
      course of action to be taken in the best interests of BCFC
      in connection with the Wind Up Claim and the BCFC Claims,
      including whether BCFC should file any proof of claim,
      action or proceeding on account of the Wind Up Claim or
      the BCFC Claims and, if so, whether and on what terms to
      resolve that claim, action or proceeding;

  (c) implement, with the assistance of independent legal
      advisors, any recommended course of action by the Board of
      Directors;

  (d) take action as the VP determines to be necessary or
      appropriate in order to properly guide and advise the
      Board of Directors; and

  (e) assist with other matters as may be requested by the Board
      of Directors that fall within the VP expertise and that
      are mutually agreeable provided, for greater certainty,
      that the VP's authority and powers will not include
      investigating or considering the filing by BCFC of any
      objection to the Chapter 11 Plan of Reorganization and the
      CCAA Plan of Compromise, as amended, the Disclosure
      Statement and the CCAA Information Circular filed in
      connection with the Plans.

BCFC and Bowater propose to pay these APS professionals these
standard hourly rates:

  Name                     Title                 Hourly Rate
  ----                     -----                 -----------
  Lisa Donahue             VP Restructuring          $860
  John Castellano          Staff                     $760
  Todd Zoha                Staff                     $580
  Christian Matthaeus      Staff                     $470

BCFC will reimburse APS for its necessary out-of-pocket expenses.

Except for Ms. Donahue, temporary staff may be replaced by other
professionals at various levels, as required.

BCFC and Bowater have also agreed to indemnify and hold harmless
APS and its affiliates from and against any and all claims,
liabilities, losses, expenses, and damages, subject to certain
limitations, pursuant to an indemnification agreement.

Ms. Donahue assures Judge Carey that she and APS are
"disinterested" persons as that term is defined under Section
101(14) of the Bankruptcy Code.

                 Wilmington & Noteholders Object

Wilmington Trust Company, as successor indenture trustee for the
7.95% Notes due 2011 issued by Bowater Canada Finance Corporation
pursuant to an indenture agreement dated as of October 31, 2001,
contends that the terms of APS and Ms. Donahue's proposed
Engagement Agreement "fall short of remedying the conflicts of
interest between the Debtors and BCFC."

Curtis S. Miller, Esq., at Morris, Nichols, Arsht & Tunnell LLP,
in Wilmington, Delaware, tells Judge Carey that Wilmington Trust
has made extensive efforts to reach a consensual resolution of
the intercompany conflicts by consenting to the Debtors'
selection of the APS, Ms. Donohue and the Togut Firm as BCFC's
conflicts counsel so long as the Debtors reciprocate by expanding
the powers of the Firms and Ms. Donohue.

Unfortunately, Ms. Miller says, "the Donahue Application is
misleading as to the events leading to the application and
disingenuous as to whether the application would address the
fundamental problem, the lack of an independent fiduciary for
BCFC."

While the firms chosen are qualified to perform the functions of
an independent fiduciary and her counsel, the restrictions the
Debtors would place on those professionals render their proposed
retention pointless, if not counterproductive, Ms. Miller tells
the Court.

Noteholders Aurelius Capital Management, LP, and Contrarian
Capital Management, LLP, for their part, point out that it is
simply not credible to suggest that the officers and directors of
BCFC are able to act for the benefit of BCFC in resolving the
disputes with the other Debtors.  "The Applications [however] do
nothing to remedy this conflict," Victoria W. Counihan, Esq., at
Greenberg Traurig, LLP, in Wilmington, Delaware, says.

If the Applications are granted, Ms. Donahue and the Togut Firm
will still report to the obviously conflicted BCFC Board, which
makes the employment of Ms. Donahue and the Togut Firm
meaningless, Ms. Counihan points out on behalf of the
Noteholders.  "The reality is that BCFC is still left without
anyone to act in its interests."

                       Debtors Respond

The Noteholders have already shown that they are fully capable of
protecting their financial interests as creditors in these
Chapter 11 cases, the Debtors contend.  Thus, their arguments
with respect to the APS Application "are properly characterized
as nothing more than potential future objections to confirmation
of the Plan," Sean T. Greecher, Esq., at Young Conaway Stargatt &
Taylor, LLP, in Wilmington, Delaware, counsel to the Debtors,
relates.

Approval of the Employment Application will not sweep the
Intercompany Conflict issues under a rug, Mr. Greecher clarifies.
"Rather, the Issues will be closely and immediately researched,
analyzed and evaluated by BCFC's independent fiduciary and
conflicts counsel, and eventually lead to a quick and efficient
resolution of the issues that will inure to all stakeholders'
benefit, and will facilitate the Company's emergence from chapter
11 and CCAA Proceedings."

                     About AbitibiBowater

AbitibiBowater produces a wide range of newsprint, commercial
printing papers, market pulp and wood products.  It is the eighth
largest publicly traded pulp and paper manufacturer in the world.
AbitibiBowater owns or operates 22 pulp and paper facilities and
26 wood products facilities located in the United States, Canada
and South Korea.  Marketing its products in more than 90
countries, the Company is also among the world's largest recyclers
of old newspapers and magazines, and has third-party certified
100% of its managed woodlands to sustainable forest management
standards.  AbitibiBowater's shares trade over-the-counter on the
Pink Sheets and on the OTC Bulletin Board under the stock symbol
ABWTQ.

The Company and several of its affiliates filed for protection
under Chapter 11 of the U.S. Bankruptcy Code on April 16, 2009
(Bankr. D. Del. Lead Case No. 09-11296).  Judge Kevin J. Carey
presides over the case.  The Company and its Canadian affiliates
commenced parallel restructuring proceedings under the Companies'
Creditors Arrangement Act before the Quebec Superior Court
Commercial Division the next day.  Alex F. Morrison at Ernst &
Young, Inc., was appointed CCAA monitor.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, serves as the
Debtors' U.S. bankruptcy counsel.  Stikeman Elliot LLP, acts as
the Debtors' CCAA counsel.  Young, Conaway, Stargatt & Taylor, in
Wilmington, Delaware, serves as the Debtors' co-counsel, while
Troutman Sanders LLP in New York, serves as the Debtors' conflicts
counsel in the Chapter 11 proceedings.  The Debtors' financial
advisors are Advisory Services LP, and their noticing and claims
agent is Epiq Bankruptcy Solutions LLC.  The CCAA Monitor's
counsel is Thornton, Grout & Finnigan LLP, in Toronto, Ontario.
Abitibi-Consolidated Inc. and various Canadian subsidiaries filed
for protection under Chapter 15 of the U.S. Bankruptcy Code on
April 17, 2009 (Bankr. D. Del. 09-11348).  Judge Carey also
handles the Chapter 15 case.  Pauline K. Morgan, Esq., and Sean T.
Greecher, Esq., at Young, Conaway, Stargatt & Taylor, in
Wilmington, represent the Chapter 15 Debtors.

As of Sept. 30, 2008, the Company had $9,937,000,000 in total
assets and $8,783,000,000 in total debts.

Bankruptcy Creditors' Service, Inc., publishes AbitibiBowater
Bankruptcy News.  The newsletter provides gavel-to-gavel coverage
of the Chapter 11 proceedings and parallel proceedings under the
Companies' Creditors Arrangement Act in Canada undertaken by
Abitibibowater Inc. and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000).


ABITIBIBOWATER INC: Proposes Jones Day as Conflicts Counsel
-----------------------------------------------------------
AbitibiBowater Inc. and its units ask u.s. Bankruptcy Judge Kevin
Carey to allow Bowater Incorporated to employ Jones Day as their
conflicts counsel, nunc pro tunc to June 2,2010.

The Debtors seek the retention of Jones Day in light of an
apparent intercompany conflict between Bowater and its wholly
owned subsidiary, Bowater Canada Finance Corporation.

Bowater organized BCFC as an unlimited liability company under
Nova Scotia law.  BCFC issued notes in the principal amount of
$600 million pursuant to that certain indenture for the 7.95%
notes due 2011 dated as of October 31, 2001 among BCFC as issuer,
Bowater as guarantor, and the Bank of New York, as trustee.  The
BCFC Notes remain outstanding.  BCFC is a financing vehicle with
no material operations.

Sean T. Greecher, Esq., at Young Conaway Stargatt & Taylor, LLP,
in Wilmington, Delaware, relates that in the event of a winding
up, BCFC may have a wind up claim against Bowater pursuant to
Section 135 of the Companies Act (Nova Scotia) for BCFC's
liabilities, as well as other potential claims in with respect to
the BCFC Notes -- which present a potential conflict of interest
between BCFC and Bowater.

As Bowater's conflicts counsel, Jones Day is expected to:

  (a) for only the matters Jones Day is handling, advise Bowater
      regarding its powers and duties as a debtor-in-possession;

  (b) attend meetings and negotiate with representatives of
      creditors and other parties-in-interest;

  (c) prepare on Bowater's behalf motions, objections,
      applications, adversary proceedings, answers, orders,
      reports and papers necessary to the matters Jones Day is
      handling; and

  (d) perform other necessary legal services as may be requested
      and provide other necessary legal advice to Bowater in
      connection with the Chapter 11 cases.

Jones Day will ensure that the services it performs for Bowater
will not duplicate the duties of other professionals in the
Debtors' cases.

Bowater proposes to pay for Jones Day's services in accordance
with these hourly rates:

  Title                                 Hourly Rate
  -----                                 -----------
  Partners                              $650 to $950
  Counsel                               $525 to $625
  Associates                            $325 to $675
  Para-professionals/Law clerks         $250 to $325

The highest billing rate that will be charged by any Jones Day
attorney for services rendered to Bowater will be $925 per hour.
The Firm will also be reimbursed for out-of-pocket expenses.

Paul D. Leake, Esq., a partner at Jones Day, in New York, assures
Judge Carey that his Firm is a "disinterested person" as that
term is defined under Section 101(14) of the Bankruptcy Code.

                     About AbitibiBowater

AbitibiBowater produces a wide range of newsprint, commercial
printing papers, market pulp and wood products.  It is the eighth
largest publicly traded pulp and paper manufacturer in the world.
AbitibiBowater owns or operates 22 pulp and paper facilities and
26 wood products facilities located in the United States, Canada
and South Korea.  Marketing its products in more than 90
countries, the Company is also among the world's largest recyclers
of old newspapers and magazines, and has third-party certified
100% of its managed woodlands to sustainable forest management
standards.  AbitibiBowater's shares trade over-the-counter on the
Pink Sheets and on the OTC Bulletin Board under the stock symbol
ABWTQ.

The Company and several of its affiliates filed for protection
under Chapter 11 of the U.S. Bankruptcy Code on April 16, 2009
(Bankr. D. Del. Lead Case No. 09-11296).  Judge Kevin J. Carey
presides over the case.  The Company and its Canadian affiliates
commenced parallel restructuring proceedings under the Companies'
Creditors Arrangement Act before the Quebec Superior Court
Commercial Division the next day.  Alex F. Morrison at Ernst &
Young, Inc., was appointed CCAA monitor.

Paul, Weiss, Rifkind, Wharton & Garrison LLP, serves as the
Debtors' U.S. bankruptcy counsel.  Stikeman Elliot LLP, acts as
the Debtors' CCAA counsel.  Young, Conaway, Stargatt & Taylor, in
Wilmington, Delaware, serves as the Debtors' co-counsel, while
Troutman Sanders LLP in New York, serves as the Debtors' conflicts
counsel in the Chapter 11 proceedings.  The Debtors' financial
advisors are Advisory Services LP, and their noticing and claims
agent is Epiq Bankruptcy Solutions LLC.  The CCAA Monitor's
counsel is Thornton, Grout & Finnigan LLP, in Toronto, Ontario.
Abitibi-Consolidated Inc. and various Canadian subsidiaries filed
for protection under Chapter 15 of the U.S. Bankruptcy Code on
April 17, 2009 (Bankr. D. Del. 09-11348).  Judge Carey also
handles the Chapter 15 case.  Pauline K. Morgan, Esq., and Sean T.
Greecher, Esq., at Young, Conaway, Stargatt & Taylor, in
Wilmington, represent the Chapter 15 Debtors.

As of Sept. 30, 2008, the Company had $9,937,000,000 in total
assets and $8,783,000,000 in total debts.

Bankruptcy Creditors' Service, Inc., publishes AbitibiBowater
Bankruptcy News.  The newsletter provides gavel-to-gavel coverage
of the Chapter 11 proceedings and parallel proceedings under the
Companies' Creditors Arrangement Act in Canada undertaken by
Abitibibowater Inc. and its various affiliates.
(http://bankrupt.com/newsstand/or 215/945-7000).


ADVANCED MEDICAL: Posts $4.2MM Net Loss in Q2 Ended December 31
---------------------------------------------------------------
Advanced Medical Institute Inc. filed its quarterly report on Form
10-Q, reporting a net loss of $4.2 million on $6.4 million of
revenue for the three months ended December 31, 2009, compared
with net income of $386,933 on $13.2 million of revenue for the
three months ended December 31, 2008.

The Company's balance sheet at December 31, 2009, showed
$47.5 million in assets, $31.4 million of liabilities, and
$16.1 million of stockholders' equity.

Kabani & Company, Inc., in Los Angeles, 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 June 30, 3009.  The independent auditors noted
that the Company has accumulated deficit of $7.0 million as of
June 30, 2009, and a net loss of $9.3 million for the year ended
June 30, 2009.

The Company had an accumulated deficit of $10.5 million as of
December 31, 2009.

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

               http://researcharchives.com/t/s?6581

Headquartered in Sydney, NSW, Australia, Advanced Medical
Institute Inc. was originally incorporated under the name of
Hawksdale Financial Visions, Inc. on December 6, 1996, under the
laws of the State of Nevada.  The Company is a service provider
company that arranges for patients with sexual dysfunction and
prostate problems in Australia, New Zealand and the United Kingdom
to be provided with medical services, pharmaceuticals and
associated clinical support services.


AES CORPORATION: Fitch Affirms Issuer Default Rating at 'B+'
------------------------------------------------------------
Fitch Ratings affirms the Issuer Default Rating of The AES
Corporation at 'B+'.  The Outlook is Stable.  The ratings of AES
reflect the diversity of subsidiary distributions, the stability
of cash flows from contracted generation and distribution
utilities, the high level of corporate debt, which is subordinate
to its non-recourse project debt, the event risk associated with
investments in developing markets, and the declining contribution
from investments in mature markets, which will increase future
cash flow volatility.  Going forward, Fitch expects an increase in
distributions from recently completed projects and projects to be
completed in coming years that are currently either under
development or in construction.  The potential for further
weakening of global economies is also a credit concern.

The Stable Outlook reflects improved liquidity and operations.
Liquidity has improved mainly due to the equity issuance to China
Investment Corporation; consequently AES will be able to fund its
capital investments with free cash flow, proceeds from the sale of
projects, and cash on hand over the next several years.  CIC's
recent investment in AES should have a neutral to positive impact
on AES' credit quality.  If the cash is invested in acquisitions
of developed properties that provide strong dividends in the near
term, then debt leverage (as measured by parent debt relative to
parent operating cash flow) will improve; conversely if the
proceeds are invested in longer lead-time development, debt
leverage will show limited improvement or remain the same.

Fitch anticipates that debt covenant measures based on adjusted
parent level cash flows will improve over the next several years
as more projects currently under construction reach completion,
improved operations result in higher availability of cash for
distributions at the subsidiary level, and demand for electricity
rises as economies grow.  Fitch estimates that the ratio of
Adjusted Parent Operating Cash Flow to debt, a non-GAAP financial
ratio used by Fitch, will increase from estimated 18% in 2009 to
approximately 20% by 2014 and interest coverage from an estimated
2.2 times in 2009 to approximately 2.4x in 2014.  Debt maturities
through 2014 appear manageable, but will require capital market
access.

Fitch's recovery valuation for AES is based on a stress case with
reduced subsidiary distributions to develop a default scenario.
The default case assumed that current cash balances are fully
depleted and bank facilities are fully drawn.  Under the recovery
analysis, there is adequate asset value to maintain Recovery
Ratings at 'RR1' for AES' senior secured and unsecured lenders.
Instruments accorded Fitch's 'RR1' Recovery Rating has recovery
prospects of over 90%.  The recovery rating of the trust preferred
stock, issued by AES Trust III, is 'RR4' based on the residual
cash value of the assets after satisfying the claims of
structurally superior debt.  The 'RR4' Recovery Rating indicates
there are 31%-50% recovery prospects.  The Trust preferred stock
rating of 'B+' is unchanged.

Fitch affirms following ratings of AES Corporation with Stable
Outlook:

  -- IDR at 'B+';
  -- Short-term IDR at 'B';
  -- Senior Secured at 'BB+/RR1';
  -- Senior Unsecured at 'BB/RR1'.

AES Trust III

  -- Trust Preferred at 'B+/RR4'.


AFFINIA GROUP: Moody's Gives Stable Outlook; Affirms 'B2' Rating
----------------------------------------------------------------
Moody's Investors Service revised the outlook of Affinia Group
Inc. to stable from negative.  In a related action, Moody's
affirmed all of Affinia's ratings, including: the Corporate Family
and Probability of Default Ratings at B2, the senior secured note
rating at B1, and the subordinated note rating at B3.  The
Speculative Grade Liquidity Rating also was affirmed at SGL-2.

The stable outlook incorporates Moody's expectation that Affinia's
operating performance over the intermediate-term will support the
assigned rating as economic conditions in the U.S. stabilize.
Consumer spending on automotive maintenance, which was postponed
during the recent economic downturn, is expected to increase.  In
addition, indications of improving trends in passenger miles
driven should result in additional wear and tear and drive
automotive aftermarket purchases.  The company's operating
performance also has benefited from restructuring actions through
2009, including the company's shift to lower cost sourcing and the
sale of its Quinton Hazell operations.

The affirmation of the B2 Corporate Family Rating reflects the
company's high leverage and interest coverage consistent with the
assigned rating.  While Affinia's operating performance has
improved over the recent quarters, the company's end markets
continue to be pressured by risks associated with high customer
concentrations, a competitive pricing environment, and raw
material cost pressures.  The automotive aftermarket parts sector
benefits from a growing number of registered vehicles.  In
addition, Affinia's product offerings are largely consumables such
as filtration and brake products with demand generally correlated
more with normal maintenance and wear requirements rather than
overall economic conditions.  The company's products also benefit
from leading market positions.  For the LTM period ending
March 31, 2010, Affinia's EBIT/Interest and Debt/EBITDA (including
Moody's adjustments) approximated 1.6x, and 5.2x, respectively.

On June 25, 2010, Affinia Group Holdings Inc. (the ultimate parent
of Affinia) filed an S-1 registration statement with the SEC to
raise up to $230 million in an initial public offering of common
stock.  While the statement indicated that net proceeds would be
used to repay certain of the company's indebtedness, details were
not provided.  Moody's will assess the impact on the debt
structure resulting from the proposed issuance of common stock,
and the resulting credit metrics and financial flexibility
afforded to the company following the transaction as information
becomes available.

The Speculative Grade Liquidity Rating of SGL-2 reflects a good
liquidity profile for the company over the next twelve months.  As
of March 31, 2010, the company maintained $45 million of
unrestricted cash and cash equivalents.  Liquidity also is
supported by a $315 million asset based revolving credit facility
which had $168 million of availability, subject to a borrowing
base, after $100 million of borrowings and $17 million of letters
of credit.  The facility contains a springing fixed charge
coverage covenant once availability falls below the greater of 15%
of the total revolving loan commitments and $47.25 million.
However, Moody's does not expect this threshold to be met over the
near-term.  Alternate forms of liquidity are limited as the
company's credit facilities are secured by substantially all of
the company's assets.  Affinia's is expected to generate positive
free cash flow over the next 12 months and economic conditions
supporting its end markets continue to stabilize.

Rating Affirmed:

  -- B2, Corporate Family Rating
  -- B2, Probability of Default
  -- B1 (LGD3, 36%) for the $225 million senior secured notes
  -- B3 (LGD5, 71%) for the $267 million subordinated notes
  -- B3, Senior Unsecured Issuer Rating
  -- Speculative Grade Liquidity Rating of SGL-2

The last rating action for Affinia was on August 25, 2009, when
the B1 rating was assigned to the senior secured notes.

Affinia Group Inc., headquartered in Ann Arbor, MI, is a designer,
manufacturer and distributor of aftermarket components for
passenger cars, sport utility vehicles, light, medium and heavy
trucks and off-highway vehicles.  The company's product range
addresses filtration, brake and chassis markets in North and South
America, Europe and Asia.  In 2009, the company reported revenues
of approximately $1.8 billion.


ALTAYA VENTURES: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Altaya Ventures, Inc.
        P.O. Box 61237
        Palo Alto, CA 94306

Bankruptcy Case No.: 10-56588

Chapter 11 Petition Date: June 25, 2010

Court: U.S. Bankruptcy Court
       Northern District of California (San Jose)

Judge: Arthur S. Weissbrodt

Debtor's Counsel: Charles B. Greene, Esq.
                  Law Offices of Charles B. Greene
                  84 W Santa Clara Street #770
                  San Jose, CA 95113
                  Tel: (408) 279-3518
                  E-mail: cbgattyecf@aol.com

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

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

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

The petition was signed by Joelle Osias, president.


AMBRILIA BIOPHARMA: Appoints Faraj Nakhleh to Board of Directors
----------------------------------------------------------------
Ambrilia Biopharma Inc. has appointed of Faraj Nakhleh, Eng.,
ICD,.D, to its Board of Directors, effective immediately.

Mr. Frederic Porte, the Chairman of the Board of Ambrilia stated:
"I am very happy to welcome Mr. Faraj Nakhleh as an independent
member of the Board of Ambrilia.  Faraj is an experienced senior
executive and company director who knows Ambrilia very well, since
for more than six years he acted as an observer of the Board
representing Investissement Quebec".

                      About Faraj Nakhleh

Mr. Nakhleh is currently President & CEO of TrakMaps, a best-in-
class designer, developer, producer and vendor of Cartography and
GIS Products.  He holds a bachelor's degree in Electrical
Engineering from Robert College, has completed the course
requirements for M. Eng. in Electrical Engineering at McGill
University and has a Diploma in Strategic Marketing from the
Harvard Business School.  He has completed the Directors'
Education Program on Corporate Governance at McGill University, in
partnership with the Institute of Corporate Directors and earned
the Director's Certification in 2007.

Ambrilia has been operating under the protection of the Companies'
Creditors Arrangement Act (Canada) ("CCAA") since July 31, 2009.

Any recovery for creditors and other stakeholders, including
shareholders, is uncertain and is highly dependent upon a number
of factors, including the outcome of Ambrilia proceedings under
the CCAA.

                   About Ambrilia Biopharma

Ambrilia Biopharma Inc. is a biotechnology company focused on the
discovery and development of novel treatments for viral diseases
and cancer.  The Company's strategy aims to capitalize on its
broad portfolio and original expertise in virology.  Ambrilia's
product portfolio is comprised of oncology and antiviral assets,
including two new formulations of existing peptides for cancer
treatment, a targeted delivery technology for cancer, an HIV
protease inhibitor program as well as HIV integrase and entry
inhibitors, Hepatitis C virus inhibitors and anti-Influenza A
compounds.  Ambrilia's head office is located in Montreal.

The Company is currently subject to court protection under the
CCAA.


AMERICAN CAPITAL: Now 'RD' by Fitch After 'Coercive Debt Exchange'
-----------------------------------------------------------------
Fitch Ratings has downgraded American Capital, Ltd.'s Issuer
Default and senior unsecured debt ratings to 'RD' following ACAS'
completed exchange of its unsecured public and private debt.
Fitch views this development as a coercive debt exchange given the
explicit bankruptcy threat had the exchange not been approved by
bondholders.

The exchange offer is part of a comprehensive restructuring of
ACAS' unsecured indebtedness and is intended to address non-
compliance with certain financial covenants and defaults relating
to unsecured debt.

A rating of 'RD' indicates an issuer has experienced an uncured
payment default on a material financial obligation but which has
not entered into bankruptcy filings, administration, receivership,
liquidation or other formal winding-up procedure, and which has
not otherwise ceased business.

The debt exchange and restructure terms include issuance of new
notes and loans totaling $1.3 billion, a pledge of substantially
all of ACAS' assets as collateral, an up-front principal payment
of just over $1 billion and subsequent amortization payments
totaling $690 million and revision of financial covenants and
various maturity dates to Dec. 31, 2013.

Based on the terms of the transaction and the evaluation of the
prospects of ACAS post-restructure, Fitch assigns these ratings to
ACAS:

  -- IDR 'B+';
  -- Senior Secured debt 'BB/RR2'.
  -- Senior Unsecured Debt 'B-'/RR6'

The Rating Outlook is Stable.

A major rating factor is ACAS' limited access to capital markets
and ability to raise equity capital.  Currently, liquidity is
largely generated via interest and dividend income, principal
repayment of debt investments and sale of portfolio investments.
The rating also implicitly reflects a potential need to sell
portfolio assets to meet future debt amortization payments.

Furthermore, given the limited access to capital and higher
funding costs, Fitch thinks ACAS' strategic position within the
sector remains relatively weak this point in time.

Asset coverage equalled 1.63 times at March 31, 2010.  Due to
repayment and via the continued amortization of debt, the company
will likely marginally satisfy the coverage requirement sometime
this year unless asset values deteriorate.  Fitch expects asset
coverage will continue to benefit from the gradual amortization of
overall debt.  However, absent further equity issuance or a
significant increase in portfolio's fair market value, the
company's ability to issue incremental new debt will likely be
fairly limited over the next year.

Furthermore, as a BDC, ACAS is not able to issue and sell common
stock at a price below net asset value without prior approval of a
majority of shareholders, or in connection with a rights offering
to existing shareholders.  Based on a pro forma net asset value
including a recent equity issuance of almost $300 million, ACAS'
stock price to net asset value ratio stood at 0.65x.

These restrictions curtail ACAS' ability to grow until these
metrics expand significantly above their regulatory or associated
floors.  Additionally, portfolio asset quality remains weak and is
worse than historical peaks.  Persistent weakness or further
deterioration in portfolio asset quality and asset values would
generate negative rating momentum.

Fitch recognizes that ACAS does have some flexibility in
generating cash required to meet future principal amortization
requirements under the proposed restructure terms as $120 million
is not due until Dec. 31, 2012.  Fitch also believes the
renegotiated covenants provide ACAS with sufficient operating
flexibility, barring recognition of significant unrealized
depreciation.

Based on a 'RR2' Recovery Rating, notching of the senior secured
debt rating remains above that of the IDR and continues to reflect
Fitch's belief that collateral available to creditors, even on a
stressed basis, provides superior recovery prospects given
default.

Notching of the unsecured debt rating below the IDR and the
Recovery Rating reflects subordination of unsecured debt to newly
secured debt.


AMERICAN CAPITAL: S&P Cuts Counterparty Credit Rating to 'SD'
-------------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its
counterparty credit rating for American Capital Ltd. to 'SD'
(selective default) from 'CC'.

At the same time, S&P lowered its issue-level rating on the senior
unsecured notes to 'D' from 'CC'.  S&P removed both ratings from
Credit Watch, where S&P had placed them with negative implications
on May 7, 2010.

The rating actions followed the company's announcement the same
day that it had completed the exchange of its $2.35 billion
outstanding unsecured debt with $1.03 billion in cash and issuance
of $1.31 billion in new secured notes and loans with a maturity of
Dec. 31, 2013.

ACAS announced on June 28 that it had received a sufficient number
of tenders to complete its offer to exchange outstanding unsecured
public and private notes for cash payments and secured notes.  At
the same time, the company received 100% consent of the lenders
under the unsecured revolving credit facility to participate in
the restructuring of the credit agreement.

"Because the exchange offer includes the issuance of new secured
notes that extend the original maturity of certain unsecured debt
obligations, S&P continue to view the transaction as a distressed
exchange," said Standard & Poor's credit analyst Sebnem Caglayan.
"S&P is therefore lowering the counterparty rating to 'SD' upon
the consummation of the exchange, based on S&P's published
criteria."

With the recent amendment of the exchange offer on June 15, 2010,
the holders of the company's unsecured debt had the option to
choose whether to receive consideration all in cash or all in the
previously offered secured amortizing notes.  Based on results of
the votes ACAS announced, the company has made a cash payment of
$1.03 billion with the consummation of the exchange offer.


AMERICAN HOSPITALITY: Foreclosure Back on Track
-----------------------------------------------
Matt Glynn at News Business Reporter says a foreclosure action
involving the Holiday Inn Resort and Conference Center on Grand
Island is back on track, likely leading to an auction of the
property.

American Hospitality Group bought the hotel in 2004.

Grand Island, New York-based American Hospitality Group, LLC, dba
Grand Island Holiday Inn, filed for Chapter 11 bankruptcy
protection on May 6, 2010 (Bankr. W.D.N.Y. Case No. 10-11887).
Arthur G. Baumeister Jr., Esq., at Amigone, Sanchez, et al.,
assists the Company in its restructuring effort.  The Company
estimated its assets and debts at $10,000,001 to $50,000,000 as of
the Petition Date.


AMTRUST FINANCIAL: Objects to JDJ Reno's Arbitration Stay Bid
-------------------------------------------------------------
Bankruptcy Law360 reports that AmFin Financial Corp. has objected
to JDJ Reno Co. LLC's bid to lift the automatic bankruptcy stay to
arbitrate a dispute over operating agreements and management of
several multimillion-dollar shopping mall joint ventures.

Law360 says AmFin filed an objection Monday in the U.S. Bankruptcy
Court for the Northern District of Ohio, arguing that JDJR and JDJ
Front Range Co. are attempting to undermine the bankruptcy.

                    About AmTrust Financial

AmTrust Financial Corp. (PINK: AFNL), now known as AmFin Financial
Corp., was the owner of the AmTrust Bank.  AmTrust was the
seventh-largest holder of deposits in South Florida, with
$4.7 billion in deposits and 21 branches.

In November 2008, the Office of Thrift Supervision issued a cease
and desist order requiring AmTrust to improve its capital ratios.

AmTrust Financial, together with affiliates that include AmTrust
Management Inc., filed for Chapter 11 bankruptcy protection on
November 30, 2009 (Bankr. N.D. Ohio Case No. 09-21323).  G.
Christopher Meyer, Esq., and Sherri Lynn Dahl, Esq., at Squire
Sanders & Dempsey L.L.P., assist the Debtors in their
restructuring effort.  Kurtzman Carson Consultants serves as
claims and notice agent.  Attorneys at Hahn Loeser & Parks LLP
serve as counsel to the Official Committee of Unsecured Creditors.

AmTrust Management listed $100,000,001 to $500,000,000 in assets
and $100,000,001 to $500,000,000 in liabilities.

AmTrust Bank is not part of the Chapter 11 filings.  On
December 4, 2009, AmTrust Bank was closed by the Office of Thrift
Supervision, which appointed the Federal Deposit Insurance
Corporation as receiver.  To protect the depositors, the FDIC
entered into a purchase and assumption agreement with New York
Community Bank, Westbury, New York, to assume all of the deposits
of AmTrust Bank.


ASHRAY CORPORATION: Case Summary & 15 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Ashray Corporation
          dba Ojaswi Restaurant
              Canterbury Inn
        1900 Canterbury Road
        Sacramento, CA 95815

Bankruptcy Case No.: 10-36666

Chapter 11 Petition Date: June 25, 2010

Court: U.S. Bankruptcy Court
       Eastern District of California (Sacramento)

Judge: Christopher M. Klein

Debtor's Counsel: Robert N. Kitay, Esq.
                  3410 Industrial Boulevard #100
                  West Sacramento, CA 95691
                  Tel: (916) 266-0188

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 15 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/caeb10-36666.pdf

The petition was signed by Ajay Patil, manager/authorized agent.


ATHENS INVESTORS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Athens Investors, LLC
        dba Baymont Inn & Suites- Athens
        Lodging First
        4900 Blazer Parkway
        Dublin, OH 43017

Bankruptcy Case No.: 10-57646

Chapter 11 Petition Date: June 25, 2010

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

Judge: C. Kathryn Preston

Debtor's Counsel: Robert J. Morje, Esq.
                  P.O. Box 6545
                  600 South Pearl Street
                  Columbus, OH 43206
                  Tel: (614) 224-8000
                  Fax: (614) 588-8826
                  E-mail: rmorje.attorney@gmail.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/ohsb10-57646.pdf

The petition was signed by Peter Coratola, managing member.


AVINCI MEDIA: Posts $255,600 Net Loss for Q1 of 2010
----------------------------------------------------
aVinci Media Corporation filed its quarterly report on Form 10-Q,
reporting a net loss of $255,633 on $528,573 of revenue for the
three months ended March 31, 2010, compared with a net loss of
$1,464,900 on $124,517 of revenue for the same period of 2009.

The Company's balance sheet at March 31, 2010, showed $1,180,647
in assets and $1,810,804 of liabilities, for a stockholders'
deficit of $630,157.

As of March 31, 2010, the Company has negative working capital of
$547,373 compared with negative working capital of $799,334 at
December 31, 2009.

Tanner LC, in Salt Lake City, 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 incurred negative cash flows from operating
activities, losses from operations, expects to incur additional
losses, and had a working capital deficit as of December 31, 2009.

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

               http://researcharchives.com/t/s?657a

                        About aVinci Media

Based in Draper, Utah, aVinci Media Corporation
-- http://www.avincistudio.com/-- has developed and deployed a
proprietary technology that employs 'Automated Multimedia Object
Models," the Company's patent-pending way of turning consumer
captured images, video, and audio into complete digital
productions in the form of full-motion movies, DVD's, photo books,
posters and streaming media files.  All of the Company's patent
applications are pending and have not, as yet, been granted.


BAY FRONT: Case Summary & 17 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Bay Front Marina and Yacht Basin, LLC
        96 Bryant Road
        Waretown, NJ 08758

Bankruptcy Case No.: 10-29342

Chapter 11 Petition Date: June 24, 2010

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

Judge: Michael B. Kaplan

Debtor's Counsel: Barry W. Frost, Esq.
                  Teich Groh
                  691 State Highway 33
                  Trenton, NJ 08619-4407
                  Tel: (609) 890-1500
                  E-mail: bfrost@teichgroh.com

Scheduled Assets: $1,800,200

Scheduled Debts: $1,206,615

A list of the Company's 17 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/njb10-29342.pdf

The petition was signed by Keith Boyce, company's president.


BEAR ISLAND: Plan Exclusivity Extended Until October 1
------------------------------------------------------
The Hon. Douglas O. Tice, Jr., of the U.S. Bankruptcy Court for
the Eastern District of Virginia extended Bear Island Paper
Company, L.L.C.'s exclusive periods to file and solicit
acceptances for the proposed Chapter 11 Plan until October 1,
2010, and December 1, respectively.

                         About Bear Island

White Birch is the second-largest newsprint producer in North
America.  As of December 31, 2009, the WB Group held a 12% share
of the North American newsprint market and employed roughly 1,300
individuals (the majority of which reside in Canada).
Additionally, for the 12 months ended December 31, 2009, the WB
Group maintained an annual production capacity of roughly
1.3 million metric tons of newsprint and directory paper, up to
50% of which consists of recycled content, and achieved net sales
of roughly $667 million.

Bear Island's assets are almost exclusively located in the U.S.

Bear Island Paper Company, L.L.C., filed a voluntary petition for
relief under Chapter 11 of the United States Bankruptcy Code in
the United States Bankruptcy Court for the Eastern District of
Virginia on February 24, 2010.

The company's parent, White Birch Paper Company, filed for
bankruptcy protection under Canada's Companies' Creditors
Arrangement Act, before the Superior Court for the Province of
Quebec, Commercial Division, Judicial District of Montreal,
Canada.  White Birch and five other affiliates -- F.F. Soucy
Limited Partnership; F.F. Soucy, Inc. & Partners, Limited
Partnership; Papier Masson Ltee; Stadacona Limited Partnership;
and Stadacona General Partner, Inc. -- also sought bankruptcy
protection under Chapter 15 of the U.S. Bankruptcy Code.

Jonathan L. Hauser, Esq., at Troutman Sanders LLP, in Virginia
Beach, Virginia; and Richard M. Cieri, Esq., Christopher J.
Marcus, Esq., and Michael A. Cohen, Esq., at Kirkland & Ellis LLP,
in New York, serve as counsel to White Birch, as Foreign
Representative.  Kirkland & Ellis and Troutman Sanders also serve
as Chapter 11 counsel to Bear Island.  AlixPartnes LLP serves as
financial/restructuring advisor to Bear Island, and Lazard Freres
& Co., serves as investment banker.  Chief Judge Douglas O. Tice,
Jr., handles the Chapter 11 and Chapter 15 cases.


BELLALILLY, LLC: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Bellalilly, LLC, a Nevada Limited Liability Company
        4421 Ponca Avenue
        Toluca Lake, CA 91602

Bankruptcy Case No.: 10-17606

Chapter 11 Petition Date: June 24, 2010

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

Judge: Maureen Tighe

Debtor's Counsel: Darvy M. Cohan, Esq.
                  Darvy Mack Cohan Attorney at Law
                  7855 Ivanhoe Avenue, Suite 400
                  La Jolla, CA 92037
                  Tel: (858) 459-4432
                  Fax: (858) 454-3548
                  E-mail: dmc@cohanlaw.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 Michael Walker, managing member.


BIGLER LP: Amegy Bank Buying Most Assets With Credit Bid
--------------------------------------------------------
Bill Rochelle at Bloomberg News reports that most of the business
of Bigler LP will be purchased by the secured lender Amegy Bank NA
under a Chapter 11 reorganization plan.  Amegy had the high bid
for the terminals and petrochemicals business.  The bank will
purchase the assets in exchange for $38 million of secured debt.
Amegy decided to have the sale approved and carried out through
confirmation of a Chapter 11 plan.  No buyers were under contract
before Houston-based Bigler began the auction process.

As reported by the TCR on June 29, Bigler has received approval to
to sell substantially all of their land assets to Intercontinental
Terminals Company, LLC.  ITC is buying 180 acres of land for
$20.5 million.  Vopak Terminals North America, Inc., emerged as
the second highest bidder at the June 16 auction.

                          About Bigler LP

Houston-based Bigler LP is a diversified petrochemical producer.
Bigler has production and storage facilities on 271 acres on the
Houston Ship Channel.

Bigler filed for Chapter 11 reorganization on Oct. 30 in Houston
(Bankr S.D. Tex. Case No. 09-38188).  The petition listed assets
of $233 million against debt totaling $151 million.  Liabilities
include $67 million owed to secured lender Amegy Bank NA, which
has a lien on all assets.

Secured lender Amegy Bank is represented by Porter & Hedges LLP.


BIOVEST INTERNATIONAL: Names CPA Edmund King as Director
--------------------------------------------------------
On June 23, 2010, Edmund C. King, CPA, was appointed to the Board
to serve as a Director to fill the vacancy occasioned by the
resignation of Biovest International, Inc.'s designated Financial
Expert/Director in November 2008.

Mr. King will serve as a Director commencing immediately and for
the remainder of the term of that Director position and until his
successor is duly elected and qualified.  The Board has determined
that Mr. King is to serve as the designated Financial Expert of
the Board and meets the applicable requirements of "independence"
so as to allow the Company to comply, as and when necessary, with
the requirements of the Sarbanes-Oxley Act.

Edmund C. King, CPA has served as a director of our parent
company, Accentia Biopharmaceuticals, Inc. since October 2006.
Mr. King was a partner in Ernst & Young, an international
accounting and consulting firm.  While at Ernst & Young, Mr. King
was that firm's southern California senior healthcare partner and
prior to that directed the southern California healthcare practice
for Arthur Young & Company, one of the predecessor firms of Ernst
& Young.  During his 30 years with Ernst & Young, Mr. King
counseled clients in structuring acquisitions and divestitures;
advised on the development of strategic plans; directed the
preparation of feasibility studies; assisted with operational and
financial restructuring; directed and supervised audits of client
financial statements; and provided expert witness testimony and
technical SEC consultation.  Commencing in 1999, Mr. King became a
financial consultant to SmartGate, L.C.  Mr. King has served as
Chief Financial Officer and Director of Invisa, Inc. since
November 2000 and Chief Financial Officer and Acting President
since 2009.  From January 1992, Mr. King has been a general
partner of Trouver, an investment banking and financial consulting
partnership.  Mr. King is also a member of the Board of Directors
of LTC Properties, Inc., NYSE listed real estate investment trust.
Mr. King is a graduate of Brigham Young University having served
on the National Advisory Council of that school's Marriott School
of Management, and has completed a Harvard University management
course sponsored by Ernst & Young.  Mr. King also has served as
Chairman of the MPMA's Long-Term Care Committee (Los Angeles
Chapter) and is a past member of the National Association of
Corporate Directors. He also holds a CPA certificate in the state
of California.

                  About Biovest International

Based in Tampa, Florida, Biovest International Inc. (Other OTC:
BVTI) -- http://www.biovest.com/-- is a pioneer in the
development of advanced individualized immunotherapies for life-
threatening cancers of the blood system.  Biovest is a majority-
owned subsidiary of Accentia Biopharmaceuticals Inc., with its
remaining shares publicly traded.

Biovest filed for Chapter 11 bankruptcy protection on November 10,
2008 (Bankr. M.D. Fla. Case No. 08-17796).


BLACK GAMING: Court Confirms Amended and Final Reorganization Plan
------------------------------------------------------------------
Black Gaming, LLC, Mesquite's largest gaming company, on June 28
obtained confirmation of its Plan of Reorganization, paving the
way for the Company to emerge from Chapter 11 protection.

"We are extremely pleased with the court's decision, which clears
the way for us to complete our debt restructuring," said Robert R.
Black, Sr., CEO of Black Gaming, according to a company statement
released on Business Wire on June 28.  Mr. Black continued, "The
Plan confirmed today allows us to reduce our debt by more than
$143 million and emerge with a more manageable capital structure.
Many other gaming companies who have found themselves in similar
situations to that of Black Gaming continue to work toward what we
have achieved today.  It is a testament to the work of our
employees, advisors, partners and creditors' hard work and
commitment during this process.  Through their collective efforts,
Black Gaming will become a stronger organization better positioned
to provide our guest the best entertainment value for their
dollar."

The Hon. Bruce A. Markell, of the U.S. Bankruptcy Court for the
District of Nevada, confirmed the Plan at a hearing June 28.  More
than 98% of the creditors who cast ballots voted in favor of
confirmation.

The key terms of the Plan include:

   * The Company's senior credit facility with Wells Fargo
     Foothill will be paid in full.

   * The Company's senior secured noteholders will exchange their
     notes and claims thereunder for a new credit facility of
     $62,500,000.

   * The Company's senior subordinated noteholders will receive
     warrants to purchase equity interests in reorganized Black
     Gaming in exchange for their notes and claims.

   * To the extent permitted under the Bankruptcy Code, general
     unsecured claims, including vendors, will be paid in cash.

   * Anthony Toti, Newport Global Advisors or one of its
     affiliates, Robert R. Black, Sr. and one or more parties to
     be designated by Michael Gaughan will contribute cash in
     excess of $18,250,000 in exchange for 100% of the new equity
     interests in reorganized Black Gaming.

   * Robert R. Black, Sr. will remain C.E.O. Anthony Toti will
     remain C.O.O., and Sean P. McKay will remain C.F.O.

                         About Black Gaming

Headquartered in Las Vegas, Nev., Black Gaming, LLC, is a holding
company and is an owner and operator of three gaming entertainment
properties located in Mesquite, Nevada.

The Company filed for Chapter 11 bankruptcy protection on March 1,
2010 (Bankr. D. Nev. Case No. 10-13301).  Gregory E. Garman, Esq.,
and Talitha B. Gray, Esq., at Gordon & Silver, Ltd., assist the
Company in its restructuring effort.  Kurtzman Carson Consultants
is the Company's claims and notice agent.  In its petition, the
Company listed $10,000,001 to $50,000,000 in assets and
$100,000,001 to $500,000,000 in liabilities.

The Company's affiliates -- B&BB, Inc.; R. Black, Inc.; Casablanca
Resorts, LLC; Casablanca Resorts, LLC; Oasis Interval Ownership,
LLC; Oasis Interval Management, LLC; Oasis Recreational
Properties, Inc.; RBG, LLC; and Virgin River Casino Corporation --
filed separate Chapter 11 petitions.


BLOCKBUSTER INC: Presents Accomplishments to Shareholders
---------------------------------------------------------
Blockbuster Inc. reported its financial accomplishments during the
annual meeting of stockholders:

* Refinancing          Completed two successful refinancing
                       actions during an extremely challenging
                       credit market:

                       -- $250 million amended revolving credit
                          facility in May 2009; and

                       -- $675 million 11.75% senior secured notes
                          offering, reducing 2010 amortization
                          payments by over $300 million and
                          extending debt maturities.

* Eliminated LC        Eliminated final $24 million in letters of
  Related to Viacom    credit related to Viacom.  In total,
                       released approximately $70 million in
                       restricted cash from LCs to enhance
                       liquidity.

* Operational          Reduced G&A by $306 million for the full
  Efficiencies         year of 2009 Maintained capital
                       expenditures at $30 million per year
                       Continued to aggressively manage working
                       capital

* Studio Cooperation   -- Revenue share
                       -- Improved credit terms

A full-text copy of the Company's annual presentation is available
for free at http://ResearchArchives.com/t/s?6585

                      About Blockbuster Inc.

Blockbuster Inc. is a leading global provider of rental and retail
movie and game entertainment. The company provides customers with
convenient access to media entertainment anywhere, any way they
want it -- whether in-store, by-mail, through vending kiosks or
digitally to their homes and mobile devices. With a highly
recognized brand and a library of more than 125,000 movie and game
titles, Blockbuster leverages its multichannel presence to serve
nearly 47 million global customers annually. The company may be
accessed worldwide at http://www.blockbuster.com/

Blockbuster's quarterly report on Form 10-Q showed a net loss of
$65.4 million on $939.4 million of revenue for the thirteen weeks
ended April 4, 2010, compared with net income of $27.7 million on
$1.086 billion of revenue for the thirteen weeks
ended April 5, 2009.

The Company's balance sheet as of April 4, 2010, showed
$1.319 billion in assets and $1.693 billion of liabilities, for a
stockholders' deficit of $374.2 million.

PricewaterhouseCoopers LLP, in Dallas, expressed substantial doubt
about the Company's ability to continue as a going concern
following Blockbuster's 2009 results.


BRIDGE ASSOCIATES: Case Summary & 5 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Bridge Associates of West 89th Street, LLC
        P.O. Box 177
        Woodmere, NY 11598

Bankruptcy Case No.: 10-74891

Chapter 11 Petition Date: June 24, 2010

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

Judge: Alan S. Trust

Debtor's Counsel: Roy J. Lester, Esq.
                  600 Old Country Road, Suite 229
                  Garden City, NY 11530
                  Tel: (516) 357-9191
                  Fax: (516) 357-9281
                  E-mail: rlester@rlesterlaw.com

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

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

A list of the Company's 5 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/nyeb10-74891.pdf

The petition was signed by Alan Luckner, managing agent.

Debtor-affiliates that filed separate Chapter 11 petitions:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Bridge Associates of
  Brodheadsville, LLC                  10-74215    06/02/10
Bridge Associates of PA, LLC           10-74718    06/17/10
Bridge Associates of
  Pocono Township, LP                  10-74195    06/01/10
Bridge Associates of
  Tannersville, LLC                    10-74541    06/14/10


BRIER CREEK: Wants Case Dismissed to Pay Prepetition Claims
-----------------------------------------------------------
Brier Creek FC, LLC, asks the U.S. Bankruptcy Court for the
Southern District of Indiana to dismiss its Chapter 11 case.

The Debtor relates that it reached an agreement with Fund X EBC NH
L.L.C., the lender, and Fund X EBC Raleigh, L.L.C., the buyer,
which provides, among other things, that upon dismissal of the
Bankruptcy Case, the Debtor will sell the real property securing
the note to the buyer, and in exchange, the buyer will make a
payment to the Debtor to be used to: (i) make full payment of
prepetition claims and administrative expense claims of all
undisputed non-insider creditors other than the lender, and (ii)
make partial payment to insider creditors of the Debtor.

Indianapolis, Indiana-based Brier Creek FC, LLC, dba The Exchange
at Brier Creek, filed for Chapter 11 bankruptcy protection on
April 20, 2010 (Bankr. S.D. Ind. Case No. 10-05645).  The Company
estimated its assets and debts at $10,000,001 to $50,000,000.


BRIER CREEK: Can Use Fund X's Cash Collateral Until July 30
-----------------------------------------------------------
The Hon. Anthony J. Metz, III, of the U.S. Bankruptcy Court for
the Southern District of Indiana approved a stipulation extending
Brier Creek FC, LLC's access to the cash collateral until July 30,
2010.

A stipulation was between the Debtor and Fund X EBC NH L.L.C., as
purchaser of the note previously held by First Horizon Home Loans,
a division of First Tennessee Bank National Association.

Indianapolis, Indiana-based Brier Creek FC, LLC, dba The Exchange
at Brier Creek, filed for Chapter 11 bankruptcy protection on
April 20, 2010 (Bankr. S.D. Ind. Case No. 10-05645).  The Company
estimated its assets and debts at $10,000,001 to $50,000,000.


BRIER CREEK: Files Schedules of Assets and Liabilities
------------------------------------------------------
Brier Creek FC, LLC, filed with the U.S. Bankruptcy Court for the
Southern District of Indiana its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $26,940,000
  B. Personal Property              $218,680
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $24,800,000
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $5,533,323
                                 -----------      -----------
        TOTAL                    $27,158,680      $30,333,323

Indianapolis, Indiana-based Brier Creek FC, LLC, dba The Exchange
at Brier Creek, filed for Chapter 11 bankruptcy protection on
April 20, 2010 (Bankr. S.D. Ind. Case No. 10-05645).  The Company
estimated its assets and debts at $10,000,001 to $50,000,000.


CALIFORNIA COASTAL: Submits Third Iteration of Reorganization Plan
------------------------------------------------------------------
BankruptcyData.com reports that California Coastal Communities
filed with the US Bankruptcy Court a Third Amended Joint Plan of
Reorganization and related Disclosure Statement.

According to the Disclosure Statement, "The Joint Plan Proponents
believe that (i) the Joint Plan will afford the Debtors the
opportunity and ability to continue in business as a viable going
concern and preserve ongoing employment for the Debtors' employees
and (ii) through the Joint Plan, creditors and equity interest
holders will obtain a greater recovery from the Debtors' estates
than would be available if the Debtors' assets were liquidated
under chapter 7 of the Bankruptcy Code."

                      About California Coastal

Irvine, Calif.-based California Coastal Communities, Inc.
-- http://www.californiacoastalcommunities.com/-- is a
residential land development and homebuilding company with
properties owned or controlled primarily in Orange County,
California, and also in Lancaster in Los Angeles county.  The
Company's primary asset is a 356-home luxury coastal community
known as Brightwater in Huntington Beach, California.

California Coastal Communities, Inc. and certain of its direct and
indirect wholly-owned subsidiaries filed for Chapter 11 bankruptcy
protection on October 27, 2009 (Bankr. C.D. Calif. Case No. 09-
21712).  Joshua M. Mester, Esq., who has an office in Los Angeles,
California, assists the Debtors in their restructuring efforts.
In their petition, the Debtors listed between $100 million and
$500 million in assets and between $100 million and $500 million
of debts.

On March 26, 2010, the Company filed a proposed disclosure
statement and proposed joint plan of reorganization with the
Bankruptcy Court, neither of which has been approved.  The
proposed joint plan provides for the extension of the Revolving
Loan and the Term Loan to enable the Company to complete
construction and sale of the homes at its Brightwater project.  A
majority of the Company's lenders are opposed to the plan as
filed.

At March 31, 2010, the Company's balance sheet showed
$249.0 million in assets, $218.0 million of liabilities, and
$31.0 million of stockholders' equity.


CALYPTE MEDICAL: Posts $549,000 Net Loss for March 31 Quarter
-------------------------------------------------------------
Calypte Biomedical Corporation filed its quarterly report on Form
10-Q, reporting a $549,000 net loss on $136,000 of products sales
for the three months ended March 31, 2010, compared with a
$1.2 million net loss on $176,000 of product sales during the same
period a year ago.

The Company's balance sheet at March 31, 2010, showed $5.2 million
in total assets and $20.4 million in total liabilities, for a
$15.1 million total stockholders' deficit.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?6586

                     About Calypte Biomedical

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

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


CANE RIDGE: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Cane Ridge Farms, LLC
        1418 Kensington Square Court
        Building A
        Murfreesboro, TN 37130

Bankruptcy Case No.: 10-06637

Chapter 11 Petition Date: June 25, 2010

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

Judge: Keith M. Lundin

Debtor's Counsel: William L. Norton, III, Esq.
                  Bradley Arant Boult Cummings LLP
                  P.O. Box 340025
                  Nashville, TN 37203
                  Tel: (615) 252-2397
                  Fax: (615) 252-6397
                  E-mail: bnorton@babc.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 Mark Thomason, chief manager.


CATHOLIC CHURCH: Catholic Mutual Seeks Arbitration
--------------------------------------------------
The Catholic Mutual Relief Society of America asks Judge
MacDonald to compel arbitration and stay further proceedings,
which are related to certain claims at issue in the adversary
proceeding against various insurers, pending arbitration.

Specifically, Catholic Mutual asks the Bankruptcy Court to:

  (1) enter an order compelling the Diocese/Trustee to submit
      all disputes regarding claims based on acts of sexual
      abuse, which are alleged to have occurred on or after
      July 1, 1990, to arbitration, as set forth in the General
      Conditions of the Certificate Number 8550, issued by
      Catholic Mutual to the Diocese for the period from July 1,
      2008, through July 1, 2009; and

  (2) stay the adversary proceeding as it relates to post-1990
      abuse claims pending the arbitration.

John C. Wendlandt, Esq., at Sedor, Wendlandt, Evans & Filippi,
LLC, in Anchorage, Alaska, contends that each of the Plaintiff's
claims relates to the "coverages, defenses, or interpretations of
Certificate language" under the 2008-2009 Certificate and CBNA's
rights thereunder and is, therefore, subject to a determination in
accordance with the Dispute Resolution provisions to which CBNA
and Catholic Mutual agreed.  He points out that Catholic Mutual's
arbitral rights are subject to mandatory enforcement under federal
law and are as binding on the Trustee as CBNA.

Mr. Wendlandt tells Judge MacDonald that Catholic Mutual disputes
that it has breached any provision of the 2008-2009 Certificate.
On the contrary, he notes, Catholic Mutual asserts that numerous
provisions of the Diocese's Plan of Reorganization, including the
assignment, release and arbitration provisions provided,
constitute material breaches of CBNA's obligations under the 2008-
2009 Certificate, which vitiate coverage.

Catholic Mutual insists that the arbitrable disputes include, but
are not limited to:

  -- Whether Catholic Mutual's response to the Creditors
     Committee's October 21, 2009 settlement demand constitutes
     a breach of its express or implied obligations under the
     2008-2009 Certificate;

  -- Whether there are six or seven post-1990 abuse claims, as
     well as the identity of those claims;

  -- Whether CBNA has committed material breaches of its
     obligations, which vitiate coverage under the 2008-2009
     Certificate; and

  -- Whether the release from liability that CBNA received
     pursuant to the Plan extinguishes Catholic Mutual's defense
     and indemnity obligations under the 2008-2009 Certificate.

                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).


CC MEDIA: Mark Mays to Transition as Chairman
---------------------------------------------
CC Media Holdings Inc. said that Mark P. Mays will transition from
his role as the Company's Chief Executive Officer to the Company's
Chairman.

The effective date for Mr. Mays' transition will occur upon the
hiring of a new Chief Executive Officer for the Company.  Mr. Mays
will remain a director and employee of the Company.

In connection with this transition, on June 23, 2010, the Company,
Clear Channel Communications, Inc. and Mr. Mays entered into an
amended and restated employment agreement.

                About Clear Channel Communications

Clear Channel Communications, Inc. (OTCBB:CCMO) --
http://www.clearchannel.com/-- is a global media and
entertainment company specializing in mobile and on-demand
entertainment and information services for local communities and
premiere opportunities for advertisers. Based in San Antonio,
Texas, the company's businesses include radio and outdoor
displays.

Bain Capital and THL Partners paid $24 billion in 2008 to take
over the company.

                           *     *     *

As reported by the Troubled Company Reporter on February 16, 2010,
Moody's Investors Service upgraded Clear Channel's Corporate
Family Rating to 'Caa2' from 'Caa3'.  The upgrade reflect Moody's
expectation that while the Company's capital structure remains
unsustainable in the intermediate-term, a full restructuring or
bankruptcy filing is no longer imminent.


CENTER FOR RENAL: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Center for Renal Care at Shadyside, Ltd.
        438 South Fairmount Street
        Pittsburgh, PA 15232

Bankruptcy Case No.: 10-05238

Chapter 11 Petition Date: June 24, 2010

Court: United States Bankruptcy Court
       Middle District of Pennsylvania (Harrisburg)

Judge: Robert N. Opel II

Debtor's Counsel: Robert E. Chernicoff, Esq.
                  Cunningham and Chernicoff PC
                  2320 North Second Street
                  Harrisburg, PA 17110
                  Tel: (717) 238-6570
                  Fax: 717 238-4809
                  E-mail: rec@cclawpc.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 J. Gregory Cauterucci, Sr., company's
president.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Residence for Renal Care               10-05235   06/24/2010
at Shadyside, Ltd.


CHAD EICHTEN: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Chad Alan Eichten
        P.O. Box 47570
        Plymouth, MN 55447

Bankruptcy Case No.: 10-60783

Chapter 11 Petition Date: June 24, 2010

Court: United States Bankruptcy Court
       District of Minnesota (Fergus Falls)

Judge: Dennis D O'Brien

Debtor's Counsel: Steven B. Nosek, Esq.
                  2855 Anthony Ln S
                  Ste 201
                  St Anthony, MN 55418
                  Tel: (612) 335-9171
                  Fax: (612) 789-2109
                  E-mail: snosek@visi.com

Scheduled Assets: $2,408,253

Scheduled Debts: $9,296,470

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/mnb10-60783.pdf

The petition was signed by Chad Alan Eichten.


CHARLESTON ASSOCIATES: Meeting to Form Creditors Committee July 1
-----------------------------------------------------------------
Roberta A. DeAngelis, Acting United States Trustee for Region 3,
will hold an organizational meeting on July 1, 2010, at 2:00 p.m.
in the bankruptcy case of Charleston Associates, LLC.  The meeting
will be held at J. Caleb Boggs Federal Building, 844 King Street,
Room 5209, Wilmington, DE 19801.

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

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

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

Las Vegas, Nevada-based Charleston Associates, LLC -- fdba Boca
Fashion Village Syndications Group, LLC, and Boca Fashion Village,
LLC -- filed for Chapter 11 bankruptcy protection on June 17, 2010
(Bankr. D. Del. Case No. 10-11970).  Bradford J. Sandler, Esq., at
Pachulski Stang Ziehl & Jones LLP, assists the Company in its
restructuring effort.  The Company listed $10,000,001 to
$50,000,000 in assets and $50,000,001 to $100,000,000 in
liabilities.


CHINO HILLS: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: Chino Hills Podiatry, Inc.
        5827 Pine Avenue
        Building 12, Suite A
        Chino Hills, CA 91709

Bankruptcy Case No.: 10-29561

Chapter 11 Petition Date: June 24, 2010

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

Judge: Thomas B. Donovan

Debtor's Counsel: Andrew K. Mauthe, Esq.
                  P.O. Box 51147
                  Irvine, CA 92619-1147
                  Tel: (949) 788-2902
                  Fax: (949) 788-2903
                  E-mail: mauthelaw@attglobal.net

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 Vanessa Taylor, CEO.


COLONIAL BANCGROUP: FDIC to Seek Dismissal of Tax Refund Lawsuit
----------------------------------------------------------------
American Bankruptcy Institute reports that the Federal Deposit
Insurance Corp. said it will ask a federal judge to throw out a
lawsuit filed by the former parent company of Colonial Bank, which
was seized by federal regulators last year, over the rights to
millions of dollars in tax refunds.

                     About Colonial BancGroup

Headquartered in Montgomery, Alabama, The Colonial BancGroup, Inc.
(NYSE: CNB) was holding company to Colonial Bank, N.A, its
banking subsidiary.  Colonial bank -- http://www.colonialbank.com/
-- operated 354 branches in Florida, Alabama, Georgia, Nevada and
Texas with over $26 billion in assets.  On August 14, 2009,
Colonial Bank was seized by regulators and the Federal Deposit
Insurance Corporation was named receiver.  The FDIC sold most of
the assets to Branch Banking and Trust, Winston-Salem, North
Carolina.  BB&T acquired $22 billion in assets and assumed
$20 billion in deposits of the Bank.

The Colonial BancGroup filed for Chapter 11 bankruptcy protection
on August 25, 2009 (Bankr. M.D. Ala. Case No. 09-32303).  W. Clark
Watson, Esq., at Balch & Bingham LLP and Rufus T. Dorsey IV,
Esq., at Parker Hudson Rainer & Dobbs LLP, assist the Company in
its restructuring effort.  The Company listed $45,000,000 in
assets and $380,000,000 in debts in its bankruptcy filing.


COOPER TIRE: S&P Raises Corporate Credit Rating to 'BB-'
--------------------------------------------------------
Standard & Poor's Ratings Services said that it raised its
corporate credit rating and other debt ratings on tire maker
Cooper Tire & Rubber Co. to 'BB-' from 'B'.

At the same time, S&P removed the ratings from CreditWatch, where
S&P had placed them with positive implications on March 31, 2010.
The outlook is stable.

"The upgrade is based on significantly improved credit measures
that S&P believes are sustainable because of higher sales, greater
manufacturing efficiencies, and tighter cost controls," said
Standard & Poor's credit analyst Lawrence Orlowski.  "As a result,
S&P believes the company's credit measures justify a higher
rating."

Although Standard & Poor's is cautious about a rebound in North
American demand for replacement tires, the company has reduced its
overall cost structure.  This has helped stabilize its financial
position and laid the foundation for higher profitability as
replacement tire demand returns to more normal levels.

"Although raw material prices remain volatile and future tire
demand may be weaker than expected, S&P believes the improvement
in credit measures is substantial enough to support the 'BB-'
rating," Mr. Orlowski added.


CRISTAL INORGANIC: Moody's Moves Outlook on 'B3' to 'Stable'
------------------------------------------------------------
Moody's Investors Service moved the rating outlook for Cristal
Inorganic Chemicals Ltd. to stable from negative and affirmed its
B3 Corporate Family Rating.  The stable outlook is a result of
improved operating performance and better titanium dioxide (TiO2)
industry fundamentals.

CIC's operating performance and credit metrics are expected to
benefit from the current tight TiO2 market supply conditions.
Idled or shut plants, inventory de-stocking by both producers and
customers over the past two years, and growth in demand (which
still remains below peak pre-economic crisis levels) has led to a
tighter supply-demand balance, which should provide producers with
pricing power.  (CIC's Le Havre, France plant has been shut and
its Hawkins Point, Maryland plant is idle.) CIC, as well as
numerous other producers, have announced price increases that will
take effect in the second half of 2010.  While the TiO2 industry
has experienced difficulty in increasing prices over the past
three years, often realizing only part and sometimes none of
announced price increases, Moody's expect TiO2 market prices will
rise in the second half of 2010, directly increasing producers'
profits.  The company is currently selling virtually all the
product it can make.  The move to higher utilization rates and
cost reduction initiatives since 2009 are resulting in expanding
margins and increased profits.

The stable outlook reflects the company's improved liquidity
position and expectations for improved financial results in 2010.
The company's improved earnings and positive free cash flow in the
second half of 2009 provided a greater cushion under its financial
covenants and allowed it to reduce borrowings under its revolving
credit facility.  The company had over $43 million of availability
under the revolver as of March 31, 2010.  The additional
flexibility is allowing the company to pursue capital improvement
projects, in addition to the normal maintenance capital
expenditures ($25-40 million p.a.) and closure/remediation costs
for the former Le Havre plant.  Such capital expenditures may
result in the company generating minimal free cash flow in 2010.
The improved performance has increased the headroom under the
financial covenants of CIC's revolving credit facility.

These summarizes the ratings:

Cristal Inorganic Chemicals Ltd.

* Corporate Family Rating - B3

* Probability of Default Rating - B3

* $100 million First Lien Revolving Credit Facility due 2012, B1
  (LGD2, 29%) from B1 (LGD2, 27%)

* $550 million First Lien Term Loan due 2014, B1 (LGD2, 29%) from
  B1 (LGD2, 27%)

* $230 million Second Lien Term Loan due 2014, Caa1(LGD5, 73%)
  from Caa1 (LGD4, 68%)

Moody's last rating action concerning CIC was on May 21, 2009.  At
that time Moody's lowered the company's CFR to B3 and moved the
outlook to negative due to concerns over the company's ability to
meet its financial covenants under its credit facility.

Cristal Inorganic Chemicals, headquartered in Hunt Valley,
Maryland, is the world's second largest producer of titanium
dioxide.  The company is also a producer of performance chemicals,
including TiCl4 and ultrafine TiO2.  Revenues were approximately
$1.4 billion for the twelve months ended March 31, 2010.  CIC is a
wholly owned subsidiary of The National Titanium Dioxide Company
Limited, which operates a large, low-cost, TiO2 facility in Yanbu,
Saudi Arabia.


DOUBLE G: Files Schedules of Assets and Liabilities
---------------------------------------------------
Double G Ranch, LLC, filed with the U.S. Bankruptcy Court for the
Eastern District of Michigan its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                  $750,000
  B. Personal Property            $1,395,016
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                    $9,747
  E. Creditors Holding
     Unsecured Priority
     Claims                                            $6,328
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $10,400,692
                                 -----------      -----------
        TOTAL                     $2,145,016      $10,416,767

Scottsdale, Arizona-based Double G. Ranch, LLC, filed for Chapter
11 bankruptcy protection on April 20, 2010 (Bankr. E.D. Mich. Case
No. 10-53029).  Matthew Wilkins, Esq., who has an office in
Birmingham, Michigan, assists the Company in its restructuring
effort.  The Company estimated its assets and debts at $10,000,001
to $50,000,000.


DOUBLE G: U.S. Trustee Forms 6-Member Creditors Committee
---------------------------------------------------------
Daniel M. McDermott, the U.S. Trustee for Region 9, appointed six
members to the official committee of unsecured creditors in
the Chapter 11 cases of Double G Ranch, LLC.

The Creditors Committee members are:

1. Radom Group III Group (Tom Radom)
   41000 Woodward Ave.
   Bloomfield Hills, MI 48304
   E-mail: Radom@butzel.com
   Tel: (248) 258-1413
   Fax: (248) 258-1439

2. Dallas Rhodes & Donice Breza
   Attn: John Breza
   310 N. Connecticut
   Royal Oak, MI 48067
   E-mail: jbreza@gmail.com
   Tel: (248) 417-6960
   Fax: (586) 731-9274

3. Michael Waterman Profit Sharing
   165 Vorn Lane
   Bloomfield Township, MI 48301
   E-mail: mwaterman@om-group.com
   Tel: (248) 561-7777
   Fax: (248) 362-2643

4. Robert and Diane Drost
   13720 Freindly Dr.
   Wolverine, MI 49799
   E-mail: bobdrost@drostlandscape.com
   Tel: (231) 525-8587

5. Paul Cefai
   31746 Edgeworth
   Madison Heights, MI 48071
   E-mail: pcefai08@comcast.net
   Tel: (248) 583-0124

6. Corinne Smorra Kesteloot
   2156 Bordeaux
   West Bloomfield, MI 48302
   E-mail: corinne@smorra-kesteloot.com
   Tel: (707) 815-0374
   Fax: (248) 538-9841

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at the Debtor's
expense.  They may investigate the Debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.  Those
committees will also attempt to negotiate the terms of a
consensual Chapter 11 plan -- almost always subject to the terms
of strict confidentiality agreements with the Debtors and other
core parties-in-interest.  If negotiations break down, the
Committee may ask the Bankruptcy Court to replace management with
an independent trustee.  If the Committee concludes reorganization
of the Debtor is impossible, the Committee will urge the
Bankruptcy Court to convert the Chapter 11 cases to a liquidation
proceeding.

Scottsdale, Arizona-based Double G. Ranch, LLC, filed for Chapter
11 bankruptcy protection on April 20, 2010 (Bankr. E.D. Mich. Case
No. 10-53029).  Matthew Wilkins, Esq., who has an office in
Birmingham, Michigan, assists the Company in its restructuring
effort.  The Company estimated its assets and debts at $10,000,001
to $50,000,000.


DOYLE HEATON: Wins Confirmation of Chapter 11 Plan
--------------------------------------------------
Bill Rochelle at Bloomberg News reports that Doyle Heaton has
received confirmation of his Chapter 11 plan.

Mr. Heaton estimates having potential unsecured liabilities that
aggregate nearly $120 million.  He believes the pool of unsecured
claims asserted against the estate will be significantly reduced
by virtue of value recovered from the assets of the development
entities, but deficiencies are likely to remain.  Under the Plan,
he projects that the unsecured creditor pool can be reduced to
$12 million.  The Plan also incorporates and implements a
settlement with Wells Fargo Bank, N.A.

The disclosure statement said that unsecured creditors could
expect a 27.5% recovery.  Payments to unsecured creditors are
expected to come from Mr. Heaton's 30% interest in a project
expected to be worth $3.1 million, less a 20% success fee Heaton
would receive.

                    About Doyle and Mary Heaton

Doyle Heaton is a real estate developer in the Bay Area around
San Francisco, California.  Pleasant Hill, California-based Doyle
D. Heaton and Mary K. Heaton filed for Chapter 11 protection on
January 11, 2010 (Bankr. N.D. Calif. Case No. 10-40297).  Maxim B.
Litvak, Esq., at Pachulski, Stang, Ziehl and Jones, assists the
Debtors in their restructuring efforts.


DR HORTON: S&P Changes Outlook to Stable; Affirms 'BB-' Rating
--------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook on Fort
Worth, Texas-based D.R. Horton Inc. to stable from negative.  At
the same time, S&P affirmed its 'BB-' corporate credit, 'BB-'
senior unsecured note, and 'B' senior subordinated note ratings on
the company.

"The outlook revision reflects S&P's expectation that the company
will return to profitability in its fiscal year ending Sept.  30,
2010," said credit analyst James Fielding.  "S&P's ratings on D.R.
Horton continue to reflect risks associated with the company's
aggressively leveraged financial profile as well as S&P's
expectation that the nation's housing market recovery will be more
protracted and uneven than S&P previously anticipated.  That being
said, S&P believes that D.R. Horton's currently adequate liquidity
position will enable the company to grow its market share at the
expense of more capital-constrained peers while it continues to
modestly reduce long-term indebtedness."

D.R. Horton's significantly improved new order trends support
S&P's stable outlook on the company, as these trends should
contribute to solid top and bottom line improvement in the near
term.  S&P would lower its ratings if a return to consistent
profitability proves elusive or if cash balances fell below
$800 million.  Conversely, S&P would raise its ratings if the
company maintains cash at the higher end of its expectations and
continues to profitably grow its business such that key credit
measures are more comfortably and consistently in line with
similarly rated industrial peers.


DUKE'S EARTH: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Duke's Earth Services, Inc.
          aka DESI Environmental Services
        510 South Park Drive
        Mooresville, IN 46158

Bankruptcy Case No.: 10-09582

Chapter 11 Petition Date: June 25, 2010

Court: U.S. Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: James K. Coachys

Debtor's Counsel: Courtney Elaine Chilcote, Esq.
                  E-mail: cec@hostetler-kowalik.com
                  Gary Lynn Hostetler, Esq.
                  E-mail: glh@hostetler-kowalik.com
                  Mark Alan Drummond, Esq.
                  E-mail: mad@hostetler-kowalik.com
                  Hostetler & Kowalik, P.C.
                  101 West Ohio Street, Suite 2100
                  Indianapolis, IN 46204
                  Tel: (317) 262-1001
                  Fax: (317) 262-1010

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

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

According to the schedules, the Debtor says that assets total
$790,452 while debts total $2,105,880.

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/insb10-09582.pdf

The petition was signed by David L. Brown, president.


ENERGY PARTNERS: Completes Refinancing, Recovers Cash Collateral
----------------------------------------------------------------
Energy Partners, Ltd. completed two previously announced events
including its refinancing and the return of $8.9 million of cash
previously collateralizing surety bond obligations.  Additionally,
it announced its inclusion in the Russell 2000 Index last Friday.

On June 28, 2010, the amendment of EPL's $125 million Senior
Secured Credit Facility with General Electric Capital Corporation
became effective, and EPL redeemed its outstanding Senior
Subordinated PIK Notes due 2014.  Using funds available under the
Credit Facility coupled with cash on hand, a redemption payment
was made totaling $70.9 million of principal and accrued interest
in connection with the redemption of the Notes.  The Credit
Facility was resized and provides for an initial $70 million
borrowing base that supports a new $25 million term loan and a
three-year revolving credit facility with $45 million of
availability, which was undrawn following the redemption of the
Notes.  The Company expects to end the second quarter 2010 with
cash in excess of debt.

EPL also reported that it has received $8.9 million of cash
collateral previously held in escrow accounts supporting
supplemental and other ordinary course surety bonding obligations
as anticipated during the second quarter.  As previously
announced, the Company regained its supplemental waiver status
with the federal agency formerly known as the Minerals Management
Service, which, when coupled with EPL's greatly improved financial
position since its reorganization in 2009, led to the return of
all collateral held by surety companies for surety bonding
obligations.

Gary C. Hanna, EPL's CEO stated, "As announced previously, this
refinancing of our subordinated debt to reduce our cost of capital
was a top priority in 2010 and we are pleased to report it has
been completed on schedule in the second quarter.  We expect to
end the quarter with net cash and in excess of $70 million of
liquidity, a solid balance sheet and substantial go-forward
financial flexibility."

The Company also announced that its common shares are now included
in the Russell 2000 Index, which was reconstituted by Russell
Investments (http:///www.russell.com/)on June 25, 2010.
Membership in the Russell 2000 Index, which will remain in place
for one year, means automatic inclusion in the appropriate Russell
Investments growth and value style indexes.  Russell Investments
determines membership for its equity indexes primarily by
objective, market capitalization rankings and investment style
attributes.

                     About Energy Partners

Founded in 1998, Energy Partners, Ltd. -- http://www.eplweb.com
-- is an independent oil and natural gas exploration and
production company based in New Orleans, LA and Houston.  The
company's operations are primarily located in the Gulf of Mexico
shelf.

Energy Partners, Ltd., and its affiliates filed for Chapter 11 on
May 1, 2009 (Bankr. S.D. Tex. Lead Case No. 09-32957).  Paul E.
Heath, Esq., at Vinson & Elkins LLP represents the Debtors in
their restructuring effort.  The Debtors also tapped Parkman
Whaling LLC as financial advisor.  The Debtors' financial
condition as of December 31, 2008, showed total assets of
$770,445,000 and total debts of $708,370,000.  Energy Partners'
reorganization plan became effective September 21, 2009.


EROSION SERVICE: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Erosion Service & Supply, L.L.C.
        P.O. Box 2980
        Auburn, AL 36831

Bankruptcy Case No.: 10-31672

Chapter 11 Petition Date: June 24, 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: $0 to $50,000

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

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/almb10-31672.pdf

The petition was signed by E. Robert Segars, member.


FAIRPOINT COMMS: Vermont Regulators Reject Bankruptcy Plan
----------------------------------------------------------
Bankruptcy Law360 reports that Vermont utility regulators on
Monday rejected FairPoint Communications Inc.'s bid to delay
broadband deployments and avoid penalties for providing poor
service to customers in the state, potentially stalling the
company's exit from Chapter 11.

FairPoint -- currently in bankruptcy proceedings in the U.S.
Bankruptcy Court for the Southern District of New York -- is
reviewing the decision, Law360 relates, citing a company
spokeswoman.

                   About FairPoint Communications

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

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

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

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


FIRST INDUSTRIAL: Fitch Puts Low-B Ratings on Negative Watch
------------------------------------------------------------
Fitch Ratings has placed these credit ratings of First Industrial
Realty Trust, Inc., and its operating partnership, First
Industrial, L.P., on Rating Watch Negative:

First Industrial Realty Trust, Inc.

  -- Issuer Default Rating 'BB-';
  -- $275 million preferred stock 'B'.

First Industrial, L.P.

  -- IDR 'BB-';
  -- $500 million unsecured revolving credit facility 'BB-';
  -- $775.4 million senior unsecured notes 'BB-';
  -- $145.2 million senior unsecured exchangeable notes 'BB-'.

Fitch will issue an updated and more detailed rating analysis of
First Industrial upon reviewing further information from the
company.


FISHERMAN'S WHARF: Taps Bush Ross as General Bankruptcy Counsel
---------------------------------------------------------------
The Hon. Caryl E. Delano of the U.S. Bankruptcy Court for the
Middle District of Florida authorized Fisherman's Wharf of Venice,
Inc., to employ Bush Ross, P.A. as general bankruptcy counsel.
Bush Ross will represent the Debtor in the Chapter 11 proceeding.

To the best of the Debtor's knowledge, Bush Ross is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

Venice, Florida-based Fisherman's Wharf of Venice, Inc., filed for
Chapter 11 on May 4, 2010 (Bankr. M.D. Fla. Case No. 10-10694).
H. Bradley Staggs, Esq. at Bush Ross, P.A., assists the Debtor in
its restructuring effort.  In its petition, it listed assets and
debts both ranging from $10,000,001 to $50,000,000.


FISHERMAN'S WHARF: Files Schedules of Assets and Liabilities
------------------------------------------------------------
Fisherman's Wharf of Venice, Inc., filed with the U.S. Bankruptcy
Court for the Middle District of Florida its schedules of assets
and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $15,820,000
  B. Personal Property              $150,000
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $8,035,192
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $533,449
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $5,473,220
                                 -----------      -----------
        TOTAL                    $15,970,000      $14,041,861

Venice, Florida-based Fisherman's Wharf of Venice, Inc. filed for
Chapter 11 on May 4, 2010 (Bankr. M.D. Fla. Case No. 10-10694.)
H. Bradley Staggs, Esq. at Bush Ross, P.A., assists the Debtor in
its restructuring effort.  In its petition, it listed assets and
debts both ranging from $10,000,001 to $50,000,000.


FLYING J: Plaintiff Says Plan Improperly Releases Hot Fuel Claims
-----------------------------------------------------------------
James Graham objects to the Joint Plan of Reorganization of Flying
J Inc. and its debtor-affiliates.  Mr. Graham contends that the
Plan contains impermissible release of so-called Hot Fuel Claims
that originally was hidden in the court order approving the sale
of Flying J equity interests and other assets to Pilot Travel
Centers LLC.

Mr. Graham and other plaintiffs commenced 25 putative class
actions in 20 states against Flying J and other motor fuel
retailers.  The complaints allege that the defendants shortchanged
retail purchasers of gasoline and diesel products by selling them
motor fuels at temperatures higher than the industry-standard
temperatures of 60 degrees Fahrenheit.  The sale of hot fuel is
significant because motor fuel takes up more volume -- and has
correspondingly less energy -- at a higher temperature.  As a
result, a trucker or consumer purchasing fuel at a temperature
above the standard receives less fuel than had the fuel been sold
at 60 degrees.

The case is In re Motor Fuel Temperature Sales Practice Litigation
(MDL 1840; Case No. 07-MD-1840-KHV-JPO).  The Hot Fuel Litigation
has been consolidated for pretrial purposes in the U.S. District
Court for the District of Kansas.  The Hot Fuel Litigation seeks
damages and injunctive relief based on breach of contract, unjust
enrichment, civil conspiracy, breach of warranty, deceptive trade
practice statutes and consumer protection statutes of various
states.  The plaintiffs seek total damages estimated to be as much
as $300 million from Flying J.  The defendants, which include
Flying J, Pilot, COP, and BP Products North America, Inc., failed
in their bids to dismiss the complaints.  Litigation has been
stayed with respect to Flying J following its bankruptcy.

Mr. Graham also points out that under the parties' contribution
agreement, Pilot presumably agreed to assume liability for the Hot
Fuel Claims.  However the Plan proposes to take that away by
releasing Pilot from liability on the Hot Fuel Claims that it
purportedly assumed.  Mr. Graham also note the Plan's releases are
broad enough to apply not only to the Hot Fuel Claims but also to
any other hot fuel claims against Pilot and other defendants who
are included in the Plan releases.

"If the Debtors truly want to confirm a nonrepairment plan, then
the rights of the Hot Fuel Claims must ride through this
bankruptcy unaltered," Mr. Graham says.

Flying J's plan proposes to repay all creditors in full from the
proceeds of the sale of its 250 travel plazas to Pilot, for a
combination of cash and stock valued at $1.6 billion.  The Plan
provides that lenders and creditors will be paid in cash.  All
Equity interests are unaltered.

Judge Mary F. Walrath of the U.S. Bankruptcy Court in Wilmington,
Del., has scheduled a hearing to consider confirmation of the plan
for July 6.

Mr. Graham is represented in Flying J's bankruptcy cases by:

     Thomas G. Macauley, Esq.
     ZUCKERMAN SPAEDER LLP
     919 Market Street, Suite 990
     Wilmington, DE 19801
     Telephone: (302) 427-0400
     Facsimile: (302) 427-8242

          - and --

     Graeme W. Bush, Esq.
     ZUCKERMAN SPAEDER LLP
     1800 M. Street, NW, Suite 1000
     Washington, DC 20036
     Telephone: (202) 778-1800
     Facsimile: (202) 822-8106


FORUM HEALTH: Hearing on Sale of Assets Continued Until August 10
-----------------------------------------------------------------
The Hon. Kay Woods of the U.S. Bankruptcy Court for the Northern
District of Ohio has continued until August 10, 2010, at
9:30 a.m., prevailing Eastern Time, the approval of the sale of
Forum Health's assets to Ardent Health Services Inc.  The hearing
will be held at the Nathanial R. Jones Federal Building and U.S.
Courthouse, 10 East Commerce Street, Youngstown, Ohio.
Objections, if any, are due no later than 8:00 a.m., on August 9.

Objections to the assumption and assignment motions, including
cure costs will be filed with this Court no later than 4:00 p.m.,
on July 21, 2010.

As reported in the Troubled Company Reporter on June 25, a federal
court approved a sale process for Forum Health's assets.  Under
the Court-approved rules (i) Ardent Health Services Inc., as
stalking horse bidder, would start the auction, (ii) initial
competing bids would be due August 5, and (iii) Ardent would be
entitled to a break-up fee lower than the $3 million the Company
had proposed.

Ardent Health is under contract to buy the assets for
$69.8 million, absent higher and better offers.  According to The
Vindicator, in Ohio, in addition to the purchase offer, Ardent,
based in Nashville, Tennessee, pledged to hire Forum's employees,
keep its three major hospitals open, and invest $50 million to
$70 million over five years on renovations, new equipment and
other upgrades.

The proposed $3 million break-up fee represented approximately
3.2% of the transaction valued at $94 million.  According to
Business Journal, the parties have agreed to lower the break-up
fee to $750,000, but Ardent Health could seek expense
reimbursements of up to $1.75 million.

                        About Forum Health

Forum Health and its affiliates filed for Chapter 11 protection on
March 16, 2009 (Bankr. N.D. Ohio Lead Case No. 09-40795).  Paul W.
Linehan, Esq., and Shawn M Riley, Esq., at McDonald Hopkins LLC,
serve as lead counsel to the Debtors.  The Debtors have also
tapped Michael A. Gallo, Esq. at Nadler Nadler & Burdman Co., LPA
as co- counsel; Kurtzman Carson Consultants LLC as claims,
noticing and balloting agent; and Huron Consulting Services LLC as
financial advisors.  Alston & Bird LLP represents the official
committee of unsecured creditors formed in the Chapter 11 cases.
At the time of its filing, Forum Health estimated that it had
assets and debts both ranging from $100 million to $500 million


FRONTIER COMMS: Highlights New Wins in Commercial Business Sector
-----------------------------------------------------------------
Frontier Communications Corporation's focus on the commercial
market is delivering industry-leading products and services to its
national customer base.

According to Pete Hayes, Frontier's Executive Vice President,
Commercial Sales and Support, "Our commercial business is
positioned for increased growth and profitability as Enterprise,
Public Sector, Medium and Small Businesses customers seek cost-
effective end-to-end solutions."  He added that the planned
completion of the company's transformational transaction with
Verizon Communications on July 1st will increase Frontier's
service capabilities, geographic coverage and customer demand.
"Our Commercial segment has great market potential, an outstanding
group of existing and potential customers and a solid business
pipeline."

Hayes noted these highlights:

-- Penn Foster, based in Pennsylvania, selected Frontier to deploy
   Multiprotocol Label Switching (MPLS) for 63 sites.  MPLS
   directs and carries data from one network node to the next,
   making it easy to create "virtual links" between distant nodes.
   Penn Foster, which offers programs of study via distance
   learning, chose Frontier for its responsiveness and the
   effectiveness of its design. In a separate project, Frontier
   upgraded Penn Foster's communications systems to VoIP
   networking and application software.  The company cited
   Frontier's committed relationship, system design/deployment,
   and financial flexibility as critical to its selection.

-- First Columbia Bank in Pennsylvania chose Frontier to deploy
   MPLS for a nine-site network. It switched to Frontier based on
   the company's responsiveness, design plans and value
   positioning.

-- AICUP (Association of Independent Colleges and Universities of
   PA) contracted with Frontier for Internet Access and a Wide
   Area Network (WAN) consortium of 13 institutions of higher
   education in northeast and southeast Pennsylvania.  The
   relationship has significant technological and financial
   benefits for the parties.  Frontier was selected after an 18-
   month review process and the company's cooperation with AICUP's
   mission, the relationship between the parties and the
   creativity of design and funding were decisive factors.

-- In Georgia, the Bulloch County School District awarded Frontier
   a contract to install a VoIP communications system for a
   network of 22 schools.  The contract award took into account
   Frontier's responsiveness, creativity of design and
   relationship with the district.

-- The Fairmont School District in Minnesota sought to increase
   its capabilities while adhering to a budget.  Frontier met its
   needs with a high-quality design that was an upgrade of Centrex
   to District Wide Communications to Premise Based VoIP.

-- Consulted about 911 upgrades in New York's Fulton and
   Montgomery counties, Frontier installed a shared 911 system
   that enhances communications capabilities, reduces costs and
   pre-positions the customers for advanced offerings.  The
   system's geo-diversity provides critical redundancy: an outage
   at one 911 center means calls will be seamlessly and
   expeditiously picked up by the other center.

-- In Arizona, Frontier worked closely with local police and
   emergency centers to install call processing solutions that put
   new PBXs at Public Safety Answering Points, bringing the latest
   call traffic and statistical reporting within the centers.

-- Frontier installed seven Mitel 3300 PBXs for the Kingman,
   Arizona Unified School District, enabling 4-digit dialing
   throughout a district serving 7,200 students. The school
   district's purchase was based upon a strong relationship with
   Frontier's local account manager and its local operations,
   advanced technology and responsiveness.

-- The Sunrise Ski Resort in Arizona's White Mountains, owned and
   operated by the White Mountain Apache Tribe, now has a Mitel
   3300 phone system installed by Frontier that seamlessly links
   the resort's lodge and hotel.

-- Frontier has agreements in place to deploy fiber-optic based
   Dense Wavelength Division Multiplexing (DWDM) to several
   enterprise-level accounts in its Rochester, New York market
   that will generate more than $10 million in revenue over the
   next few years.  DWDM technology provides highly reliable
   solutions in support of significant bandwidth requirements by
   placing data from different sources together on an optical
   fiber, with each signal carried at the same time on its own
   separate light wavelength.

-- Many Frontier customers run mission-critical applications in
   the company's SAS 70 Secure Cyber Center in Rochester, New
   York.  This 10,000 square foot, state-of-the-art facility
   offers premier data center security and storage applications, a
   self-healing SONET network, scalable Internet connectivity
   through Frontier's core network infrastructure, and redundant
   IP backbone.  A tour of the center is available at

http://www.frontier.com/cybercenter/tour/flash_content/index.html

"Frontier offers its Commercial customers a robust end-to-end
network, equipment and management platform for mission-critical
applications, communications and services," said Hayes.  "We offer
high-touch customer support and dedicated account managers who
know how to design custom solutions to meet our customers'
desktop, IT and communication needs."

                   About Frontier Communications

Frontier Communications Corporation, headquartered in Stamford,
Connecticut, is the fifth largest wireline telecommunications
company in the U.S., serving more than 7 million access lines in
primarily rural areas and small- and medium-sized cities.

                           *     *     *

As reported in the Troubled Company Reporter on June 29, 2010,
Fitch Ratings has upgraded Frontier Communications Corporation's
Issuer Default Rating to 'BB+' from 'BB' in anticipation of the
July 1, 2010 closing of the acquisition of certain access lines
from Verizon Communications, Inc.  To complete the transaction,
New Communications Holdings Inc., a subsidiary of Verizon
Communications Inc., will merge with and into Frontier.


FRONTIER DRILLING: Moody's Puts Junk Rating Under Review
--------------------------------------------------------
Moody's Investors Service affirmed Noble Corporation's Baa1 senior
unsecured rating following the announcement that it has acquired
privately held FDR Holdings Limited, owner of Frontier Drilling
ASA for $2.16 billion.  Moody's also placed Frontier's Caa3 rating
under review for possible upgrade.  The rating outlook is stable.

Noble's Baa1 senior unsecured rating is supported by its leading
market position in the offshore market and relatively strong asset
quality, its drilling backlog that provides high visibility to the
company's earnings and cash flows, and its low financial leverage.
The Baa1 rating also considers the relatively high proportion of
jackup rigs in Noble's fleet and the cyclical nature of the
contract drilling industry, which is tied to the level of capital
spending by oil and gas producers.

Noble continues to benefit from strong demand for offshore
drilling rigs.  Prior to the transaction Noble's rig fleet was
well diversified geographically and by rig type.  This transaction
enhances its position.  Noble acquires a high quality asset base:
six floating rigs (four of which are deepwater-capable and three
of which are arctic-capable); two newly built Bully-class rigs
under construction with a 50% joint venture with Shell; and a
6,500 foot dynamically positioned FPSO.  Concurrent with the
acquisition, Noble entered into an agreement with Shell that
enhances and adds to the Frontier and Shell relationship, which
strengthens contracted backlog.  The Frontier acquisition adds
$2 billion to Noble's backlog, of which, 99% is with Shell.  As a
result of the acquisition of Frontier, the added agreement with
Shell, and Noble's current firm backlog position, after the close
of the Frontier acquisition firm backlog increases to
$14.1 billion.

The rating outlook is stable and reflects Moody's expectation that
management will continue to exercise operational and fiscal
conservatism.  The $2.16 billion acquisition increases Noble's
leverage from below 1.0x to approximately 1.8 x, on a net basis
leverage is 1.5x.  Moody's expects Noble will quickly reduce its
total leverage as the $14.1 billion backlog converts into cash.

The last rating action for Noble was on May 23, 2006, when Moody's
assigned a Baa1 rating.

The last rating action on Frontier was April 21, 2010, when
Moody's downgraded Frontier's Corporate Family Rating to Caa2 from
Caa1, the Probability of Default Rating to Caa3 from Caa2, and the
second lien term loan to Caa3 from Caa2.  Moody's affirmed the
ratings for the senior first secured credit facility at B1.  The
ratings remained under review for further downgrade.

Noble Corporation based in Zug, Switzerland.

Frontier Drilling ASA, incorporated in Norway with an
administrative office in Houston, Texas, is a subsidiary of
privately owned FDR Holdings Ltd., an offshore contract drilling
company.


FRONTIER DRILLING: S&P Shifts Watch on 'CCC' Rating to Positive
---------------------------------------------------------------
Standard & Poor's Ratings Services revised its CreditWatch
implications on Frontier Drilling ASA, including on the 'CCC'
corporate credit rating, to positive from developing.

The revision in CreditWatch implications follows the announcement
that Noble Corp. (A-/Stable/--) will acquire FDR Holdings Ltd..
S&P rates Frontier Drilling ASA, an entity of FDR.  The agreement
is subject to customary closing conditions, including regulatory
approval.

Under the terms of the agreement, Noble will acquire FDR in a
$2.16 billion cash transaction (including assumption of
$637 million in Frontier's long-term debt).  The combination will
provide Noble with an additional $2 billion backlog.  At the same
time, Noble is signing a master agreement with Royal Dutch Shell
PLC (Shell) that will increase Noble's backlog by an additional
$4 billion.  This master agreement is contingent upon Noble's
closing of the Frontier acquisition.

Key elements in resolving the CreditWatch will be Frontier's
credit profile and its strategic importance to Noble and whether
Noble will provide a guarantee, integrate Frontier into the
company, or leave it as a stand-alone subsidiary.  S&P expects to
comment on any notching implications upon or near the close of the
transaction.


FURNITURE FACTORY: Court OKs Planned to Manage GOB Sales
--------------------------------------------------------
Business Journal of San Antonio reports that the U.S. Bankruptcy
Court for the Northern District of Texas authorized Planned
Furniture Promotions Inc. to manage the going-out-of-business
liquidation sales of all the stores of Furniture Factory
Warehouse.

Planned Furniture agreed to allow up to 100% of the deposits made
by the Company's customers to be applied to merchandise sales
during the bankruptcy liquidation sale, according to the report.

Based in Dallas, Furniture Factory Warehouse is a furnishings
retailer.  It filed for bankruptcy protection on May 28, 2010.


GARDEN WAY: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Garden Way Apartments, LLC
          aka Garden Villa Apartments, LLC
        2671 Fairfield Street
        Sacramento, CA 95815

Bankruptcy Case No.: 10-36720

Chapter 11 Petition Date: June 25, 2010

Court: U.S. Bankruptcy Court
       Eastern District of California (Sacramento)

Judge: Ronald H. Sargis

Debtor's Counsel: Oxana V. Kozlov, Esq.
                  649 Dunholme Way
                  Sunnyvale, CA 94087
                  Tel: (408) 431-4543

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 Irene Anokhin, managing member.

Debtor-affiliates filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Irene Anokhin                         10-04049            03/15/10


GARY MCLEAN: Ex-Wife Wants Case Dismissed or Converted to Ch. 7
---------------------------------------------------------------
Kathleen Ann McLean, ex-wife Gary McLean, and creditor, asks the
U.S. Bankruptcy Court for the Western District of Washington to
dismiss or convert the Chapter 11 case of Gary R. McLean to one
under Chapter 7 of the Bankruptcy Code.

Ms. McLean related that Mr. McLean was in default on his support
obligation since November 2009.  Mr. McLean is obligated to pay
$26,000 per month in spousal maintenance.  A total of $39,000 in
maintenance was due since the bankruptcy filing, with $13,000 of
that amount due on the date of filing, April 20.  An additional
$13,000 was due on June 5.

Seattle, Washington-based Gary R. McLean filed for Chapter 11
bankruptcy protection on April 20, 2010 (Bankr. W.D. Wash. Case
No. 10-14407).  Jeffrey L. Smoot, Esq., at Lasher Holzapfel Sperry
& Ebberson PLLC, assists the Company in its restructuring effort.
The Company estimated its assets and debts at $10,000,001 to
$50,000,000.


GARY MCLEAN: Files Schedules of Assets and Liabilities
------------------------------------------------------
Gary R. McLean filed with the U.S. Bankruptcy Court for the
Western District of Washington its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                $3,340,000
  B. Personal Property           $27,202,095
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $19,372,612
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $74,601
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $100,484
                                 -----------      -----------
        TOTAL                    $30,542,095      $19,547,697

Seattle, Washington-based Gary R. McLean filed for Chapter 11
bankruptcy protection on April 20, 2010 (Bankr. W.D. Wash. Case
No. 10-14407).  Jeffrey L. Smoot, Esq., at Lasher Holzapfel Sperry
& Ebberson PLLC, assists the Company in its restructuring effort.
The Company estimated its assets and debts at $10,000,001 to
$50,000,000.


GARY MCLEAN: Taps Lasher Holzapfel as Bankruptcy Counsel
--------------------------------------------------------
The Hon. Thomas T. Glover of the U.S. Bankruptcy Court for the
Western District of Washington authorized Gary R. McLean to employ
Lasher Holzapfel Sperry & Ebberson, P.L.L.C., as counsel.

LHSE is expected to represent Debtor in all proceedings before
this court and to perform other legal services as required by the
Debtor.

To the best of the Debtor's knowledge, LHSE is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

Seattle, Washington-based Gary R. McLean filed for Chapter 11
bankruptcy protection on April 20, 2010 (Bankr. W.D. Wash. Case
No. 10-14407).  Jeffrey L. Smoot, Esq., at Lasher Holzapfel Sperry
& Ebberson PLLC, assists the Company in its restructuring effort.
The Company estimated its assets and debts at $10,000,001 to
$50,000,000.


GARY MCLEAN: U.S. Trustee Unable to Form Creditors Committee
------------------------------------------------------------
The Office of the U.S. Trustee for Region 18 notified the U.S.
Bankruptcy Court for the Western District of Washington that it
was unable to appoint an official committee of unsecured creditors
in the Chapter 11 case of Gary R. McLean.

The U.S. Trustee explained that there were insufficient
indications of willingness from the unsecured creditors to serve
in the committee.

Seattle, Washington-based Gary R. McLean filed for Chapter 11
bankruptcy protection on April 20, 2010 (Bankr. W.D. Wash. Case
No. 10-14407).  Jeffrey L. Smoot, Esq., at Lasher Holzapfel Sperry
& Ebberson PLLC, assists the Company in its restructuring effort.
The Company estimated its assets and debts at $10,000,001 to
$50,000,000.


GARY REYNOLDS: Case Summary & 6 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Gary Lawrence Reynolds
        Marie Hazel Reynolds
        P.O. Box 1602
        Everett, WA 98206

Bankruptcy Case No.: 10-17289

Chapter 11 Petition Date: June 24, 2010

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

Judge: Samuel J. Steiner

Debtor's Counsel: Dallas W. Jolley, Esq.
                  4707 S Junett St Ste B
                  Tacoma, WA 98409
                  Tel: (253) 761-8970
                  E-mail: jolleypatricia@yahoo.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/wawb10-17289.pdf

The petition was signed by Gary Lawrence Reynolds.


GENELINK INC: March 31 Balance Sheet Upside-Down by $1 Million
--------------------------------------------------------------
Genelink, Inc., filed its quarterly report on Form 10-Q, reporting
a net loss of $518,927 on $2,221,111 of revenue for the three
months ended March 31, 2010, compared with a net loss of $560,229
on $1,972,038 of revenue for the same period of 2009.

The Company's balance sheet at March 31, 2010, showed $1,823,379
in assets and $2,829,931 of liabilities, for a stockholders'
deficit of $1,006,552.

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

               http://researcharchives.com/t/s?6588

Longwood, Florida-based GeneLink, Inc. (OTC BB: GNLK.OB)
-- http://www.genelinkbio.com/-- is a genetics-based, personal
healthcare and wellness firm that has developed DNA tests that
determine an individual's likelihood of developing adverse health
conditions (heart, bone, etc.) and susceptibility to accelerated
aging over their lifetime.  These pre-dispositions to aging and
adverse health conditions are determined by measuring DNA
variations in each human, called SNPs (snips).  GeneLink
scientists then formulate products to address these
susceptibilities to help decrease the likelihood of the onset of
developing adverse health conditions and to help extend their
healthy, active lifetimes.


GENERAL MOTORS: In Talks With China to Raise SAIC Stake to 44%
--------------------------------------------------------------
In hopes of expanding its stake in the Chinese market, General
Motors is holding discussions with Southern China's Guangxi
Regional Government, with the intent to raise its stake in the
SAIC-GM-Wuling minivan joint venture from 34% to 44%, Gasgoo
Automotive News reported.

SAIC Motor Corp., China's largest local car manufacturer and
partner of General Motors Co. and Volkswagen AG, plans to raise
10 million yuan or $1.47 billion in a private placement to
increase its world auto market share by building 180,000 vehicles
carrying its own brands this year, Bloomberg News reported.

SAIC aims to sell 900 million yuan-dominated A shares, and
parent, Shanghai Automotive Industry Corp. will buy at least 10%
of SAIC shares for 1 billion yuan or more, Bloomberg related.

According to Bloomberg, SAIC projects 3,000,000 vehicles sales for
2010, to increase its revenues to 245 billion yuan, from a 2009
income of 140 billion yuan.

"Fundraising is of great importance to SAIC right now as it needs
to develop next-generation models for its Roewe and MG brands,"
John Zeng, a Shanghai-based analyst with IHS Global Insight, told
Bloomberg.

The joint venture, whose presence in the Chinese market is felt
better than Shanghai GM, intends to raise its car production
capacity and launch a new automotive brand.  Shanghai GM is GM's
major auto enterprise in China.

According to Gasgoo, the mini-vehicle is the fastest selling
vehicle in China in 2009, with total sales of 1.1 million units.
This is 66% above the preceding year's sales figure.  The
venture's mini-vehicle sales own more than 50% of GM's total sales
in China in 2009, including exports to Brazil under the name of
Chevrolet.

GM expects to sell over two million units in China this year,
Gasgoo said.

In a related development, GM China has reported a record sales of
196,004 vehicles for the month of May 2010, overtaking GM U.S.'
sales of 167,325 units, 4wheelsnews.com said.

The Chinese market has a currently compelling demand for the Buick
and Chevrolet, as well as the other GM trademarks.  This big slice
of market share for GM's products is the main factor that boosted
GM's vehicle sales which has reached 1,032,665 for the period from
January to May 2010, a 54% increase for the same period last year.
The U.S. sales from January to May for the current year was only
882,277, 4wheelsnew.com related.

                         About General Motors

With its global headquarters in Detroit, Michigan, General Motors
Company -- http://www.gm.com/-- is one of the world's largest
automakers.  GM employs 207,000 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 the following brands:
Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Opel,
Vauxhall and Wuling. GM's largest national market is the United
States, followed by China, Brazil, Germany, the United Kingdom,
Canada, and Italy.  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 March 31, 2010, GM had US$136.021 billion in total assets,
total liabilities of US$105.970 billion and preferred stock of
US$6.998 billion, and non-controlling interests of US$814 million,
resulting in total equity of US$23.053 billion.

                   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: Industry Rebounding, Says UAW President
-------------------------------------------------------
"There is strong evidence that the worst is behind us and the
industry has clearly rebounded," said outgoing UAW president Ron
Gettelfinger during his June 14, 2010 farewell speech at UAW's
constitutional convention in Detroit, Michigan, Bloomberg News
reported.

Gettelfinger, 65, who, has opted to retire after two four-year
terms as UAW's topman, has steered UAW when it went to the brink
of shrinking due to the economic recession that compelled the
major U.S. automakers to offer payouts to their workers in order
to survive.  He is also behind one of the forces that persuaded
the Obama administration to decide to bail GM and Chrysler out of
bankruptcy last year, Bloomberg said.

Bob King, 63, has been chosen by the UAW's administration caucus
to replace Mr. Gettelfinger.  Mr. King heads UAW's bargaining with
Ford Motors Corp.

In a statement given to Bloomberg, Mr. Gettelfinger said that
"anti-union forces" and "right-wing conservatives" sought to
discredit UAW and the U.S. auto industry when the bailout issue
was debated a year ago.  "The contempt for the UAW was so deep
that some of them were willing to let the industry collapse in
hopes that they could destroy us," he said.  "We are leaner, yes,
but stronger, wiser and more determined."

Mr. Gettelfinger credits the Obama administration for the positive
outcome of the government's financial intercession of the bankrupt
U.S. automakers' plight.

According to Bloomberg, Mr. Gettelfinger urged UAW delegates to
support Obama and Democrats in the midterm elections in November,
saying "We must stand with those who stood with us."

                         About General Motors

With its global headquarters in Detroit, Michigan, General Motors
Company -- http://www.gm.com/-- is one of the world's largest
automakers.  GM employs 207,000 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 the following brands:
Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Opel,
Vauxhall and Wuling. GM's largest national market is the United
States, followed by China, Brazil, Germany, the United Kingdom,
Canada, and Italy.  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 March 31, 2010, GM had US$136.021 billion in total assets,
total liabilities of US$105.970 billion and preferred stock of
US$6.998 billion, and non-controlling interests of US$814 million,
resulting in total equity of US$23.053 billion.

                   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: Withdraws All Applications for Opel Guarantees
--------------------------------------------------------------
General Motors and Opel/Vauxhall have decided to withdraw all
applications for government loan guarantees across Europe.

In an official statement dated June 16, 2010, Opel noted that
there have been no material alterations in the funding
requirements of Opel/Vauxhall as set out in the Viability Plan
announced seven months ago.  The validity and reasons for
requesting government guarantees have also not changed, but the
process has proven to be much more complex and longer than
anticipated and the results are still not finalized or certain. In
these circumstances, and given the need to progress the plan
quickly, it has been decided to fund the requirements internally.
GM's recently improved financial strength has also been a catalyst
for making this decision.

"We appreciate the support indicated by certain governments,
especially the UK and Spain, but we need to move on," said Nick
Reilly, President of GM Europe and Chairman of the Management
Board of Opel/Vauxhall.  "The decision of the German government
last week was disappointing and means that the conclusion of these
guarantees is again likely to be months away.

GM clarified that its funding needs have not changed, and "we were
led to believe that loan guarantees made available to other
European companies under the EU program to help offset the impact
of the global economic crisis, would be equally available to
Opel/Vauxhall."  But, after a very long process defined by
governments, this has turned out not to be the case, Mr. Reilly
said.

"We are grateful for the decision and support of our parent
company, which will allow us to move forward with confidence in
this very competitive industry.  We cannot afford to have
uncertain funding plans and new time-consuming complex
negotiations at this time when we need to keep investing in new
products and technologies.  With these new products and the impact
of restructuring, we expect to return to profitability shortly,"
Mr. Reilly added.

As part of a European-wide request, the UK government had
committed guarantees for EUR330 million of bank loans and a
similar amount had been indicated from Spain.  The total amount
requested from all European governments had been in the order of
EUR1.8 billion.  The German federal states have expressed a
willingness last week to enter into new negotiations.  Two weeks
ago, Opel/Vauxhall had signed agreements with its European
employee representatives for restructuring the company, labor cost
savings and for commitments to product investments.  These
agreements are not tied to government guarantees.

Following its announcement, Opel/Vauxhall will be able to fully
concentrate on the implementation of its growth plan, in
particular the EUR11 billion investment plan into future products
that was announced in February 2010.

Opel/Vauxhall products continue to be highly successful in the
marketplace, with sales volume consistently beating internal
expectations.  The new Astra 5-Door version which was introduced
at the end of last year, already registered more than 160,000
orders within 6 months -- just 20,000 orders shy of the full-year
target of 180,000.  For the new Meriva, Opel/Vauxhall received
30,000 orders within just a few weeks.  The company continues to
be on track for the launch of seven new products this year and
another five next year, including the revolutionary new
Opel/Vauxhall Ampera.

                         About General Motors

With its global headquarters in Detroit, Michigan, General Motors
Company -- http://www.gm.com/-- is one of the world's largest
automakers.  GM employs 207,000 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 the following brands:
Buick, Cadillac, Chevrolet, FAW, GMC, Daewoo, Holden, Opel,
Vauxhall and Wuling. GM's largest national market is the United
States, followed by China, Brazil, Germany, the United Kingdom,
Canada, and Italy.  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 March 31, 2010, GM had US$136.021 billion in total assets,
total liabilities of US$105.970 billion and preferred stock of
US$6.998 billion, and non-controlling interests of US$814 million,
resulting in total equity of US$23.053 billion.

                   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)


GENTIVA HEALTH: Moody's Confirms 'Ba3' Corporate Family Rating
--------------------------------------------------------------
Moody's Investors Service confirmed the Ba3 Corporate Family
Rating of Gentiva Health Services, Inc.  Concurrently Moody's
assigned a Ba2 rating to the proposed $925 million credit facility
including a revolver, Term Loan A and Term Loan B.  Moody's also
assigned a B2 rating to the proposed issuance of unsecured notes.
Moody's affirmed the Ba3 rating on the existing credit facility
and expect to withdraw this rating at the close of the
transaction, when the existing facility will be repaid and
terminated.  This concludes the rating review initiated on May 25,
2010, following the announcement of the acquisition of Odyssey
HealthCare Inc. for approximately $1 billion.  The outlook for the
ratings is stable.

The confirmation of the ratings is supported by the favorable
scale, geographic diversity and market leadership in both the home
health and hospice markets that Gentiva will have post-
acquisition.  The ratings are also supported by the strong long-
term fundamentals in the hospice and home health industries which
Moody's believe will support growth and free cash flow generation.
While pro forma leverage is high for the Ba3 rating, the rating
prospectively incorporates the belief that the company will
deleverage meaningfully over the next several years.

The ratings are constrained by the considerable increase in
financial leverage being taken on for the acquisition of Odyssey
as well as ongoing reimbursement and regulatory concerns in both
the home health and hospice industries.

Due to the change in capital structure that now includes unsecured
debt, the Probability of Default Rating is raised to Ba3 from B1,
reflecting the assumption of a 50% family recovery rate.

Ratings confirmed:

* Corporate Family Rating, Ba3

Ratings assigned:

* $125 million senior secured revolver due 2015, Ba2, LGD3, 34%
* $200 million senior secured term loan A due 2015, Ba2, LGD3, 34%
* $600 million senior secured term loan B due 2016, Ba2, LGD3, 34%
* $305 million unsecured notes due 2018, B2, LGD5, 88%

Ratings upgraded:

* Probability of Default Rating, to Ba3 from B1

Ratings affirmed:

* $80 million (face value) Senior Secured Revolver, due 2012, Ba3,
  LGD3, 31%

* $370 million (face value) Senior Secured Term Loan B, due 2013,
  Ba3, LGD3, 31%

The Speculative Grade Liquidity Rating is SGL-1.

The rating outlook is stable.

The last rating action was on May 25, 2010, when Moody's placed
the Corporate Family Rating under review for possible downgrade.

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

Gentiva is a leading provider of home health and hospice services
in the US.  The company offers direct home nursing and therapies,
including specialty programs, as well as hospice care.  Gentiva
reported revenues of over $1 billion for the twelve months ended
April 4, 2010.

Odyssey is one of the largest providers of hospice care in the
U.S. Hospice services are designed to provide a wide range of care
and services to terminally ill patients and their families.  At
the end of 2009 Odyssey operated 90 Medicare certified hospice
programs in 29 states.  The company reported revenues of nearly
$700 million for the twelve months ended March 31, 2010.


GOOD HOME: Voluntary Chapter 11 Case Summary
--------------------------------------------
Debtor: Good Home, LLC
        293 Debra Court
        Vineland, NJ 08361

Bankruptcy Case No.: 10-24531

Chapter 11 Petition Date: June 24, 2010

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Pittsburgh)

Debtor's Counsel: Jeffrey T. Morris, Esq.
                  Morris, Jobe & Cook, LLC
                  310 Grant Street, Suite 1412
                  Pittsburgh, PA 15219
                  Tel: (412) 281-6181
                  Fax: (412) 281-6174
                  E-mail: jmorris@thecooklawgroup.com

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

Scheduled 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 Churungchai Leodwaphan.


GREAT LAKES: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Great Lakes AG, LLC
        1290 N. Shoop Avenue, Suite 140
        Wauseon, OH 43567

Bankruptcy Case No.: 10-09519

Chapter 11 Petition Date: June 24, 2010

Court: U.S. Bankruptcy Court
       Southern District of Indiana (Indianapolis)

Judge: Anthony J. Metz III

Debtor's Counsel: Jeffrey M. Hester, Esq.
                  Tucker Hester, LLC
                  429 N Pennsylvania Street, Suite 100
                  Indianapolis, IN 46204-1816
                  Tel: (317) 833-3030
                  Fax: (317) 833-3031
                  E-mail: jeff@tucker-hester.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
$2,761,016 while debts total $7,925,409.

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/insb10-09519.pdf

The petition was signed by Willy van Bakel, president.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Union - Go Dairy Leasing, LLC         10-01703            02/17/10


GREEKTOWN HOLDINGS: Faces Obstacles to June 30 Finish Line
----------------------------------------------------------
With WG-Michigan LLC backing out from a management agreement,
Greektown Holdings LLC and its debtor affiliates only have a few
days left to find a new firm to provide them management services
upon the Company's emergence from Chapter 11.

The Bankruptcy Court for the District of Michigan has given
Greektown Casino up to June 30, 2010, to put everything in order
before exiting bankruptcy protection.

WG-Michigan, an affiliate of Warner Gaming LLC, withdrew its
management and consulting agreement with Greektown Casino last
June 7, 2010.  Under the deal, WG-Michigan was supposed to
provide reorganized Greektown with a new general manager and vice
president.

Greektown Casino related in a June 10 filing with the U.S.
Securities and Exchange Commission that it expects to enter into
a management agreement with a substitute manager or to supplement
its existing management team after the Effective Date of its
Chapter 11 Plan.  Any substitute manager or supplement to the
existing management team would be subject to the approval of the
Michigan Gaming Control Board and any additional applicable
regulatory approvals.

Until a substitute manager or supplement to the management team
is identified and requisite regulatory approvals are obtained,
Greektown Casino will continue to be managed solely by its
internal management team led by Clifford J. Vallier.

WG-Michigan's withdrawal is not the only issue Greektown Casino
is facing before exiting bankruptcy.  Among other issues, the
Company also needs the MGCB to approve (i) gaming licenses, which
are needed for the board of directors and new owners of the
Company having more than 5% ownership; and (ii) the overall
financing plan, Crain's Detroit Business reports.

The overall financing plan includes a $30 million revolver loan
facility, $385 million in senior notes and a $200 million rights
offering, Crain's Detroit Business cites.

The MGCB has fixed June 28, 2010, as the date to consider
approval of Greektown Casino's application to effectuate the
Plan.

Another possible complication is an assertion from U.S.
Representative Bart Stupak, D-Menominee, who seeks to clarify who
is the rightful owner of the land the Sault Ste. Marie Tribe of
Chippewa Indians used for the casino.  Rep. Stupak raised a
concern on whether the Tribe has the right to transfer property
that may belong to the U.S. government.

Mr. Stupak's queries, however, have been quickly shot down by
Allan S. Brilliant, Esq., of Dechert LLP, the Noteholder Plan
Proponents' main counsel.  Mr. Brilliant pointed out that the
Tribe never raised the issue when it had the chance to object to
Greektown Casino's Plan of Reorganization and as a result, the
issue regarding property transfer was waived.

Mr. Brilliant also believes that the U.S. government "view land
used for tribal purposes differently than the land used by a
tribe to operate a business," Crain's Detroit Business relates.

Despite a myriad of obstacles and a dwindling amount of time,
Greektown Casino maintains a positive outlook.

"We are entering what we hope to be, what we believe to be, the
final stretch of the Greektown bankruptcy," said Charles Moore,
senior managing director Conway MacKenzie Inc., the Company's
lead restructuring adviser, in a interview with Crain's Detroit
Business.

Upon consummation of the Plan, Greektown Casino will be owned and
operated by a new holding entity, Greektown Superholdings, Inc.
The Sault Ste. Marie Tribe will no longer have any stake in
reorganized company.  A new board of directors will also be
instituted to oversee the daily activities of the reorganized
Greektown.

                     About Greektown Casino

Based in Detroit, Michigan, Greektown Holdings, LLC, and its
affiliates -- http://www.greektowncasino.com/-- operate world-
class casino gaming facilities located in Detroit's historic
Greektown district featuring more than 75,000 square feet of
casino gaming space with more than 2,400 slot machines, over 70
tables games, a 12,500-square foot salon dedicated to high limit
gaming and the largest live poker room in the metropolitan Detroit
gaming market.  Greektown Casino employs approximately 1,971
employees, and estimates that it attracts over 15,800 patrons each
day, many of whom make regular visits to its casino complex and
related properties.  In 2007, Greektown Casino achieved a 25.6%
market share of the metropolitan Detroit gaming market.  Greektown
Casino has also been rated as the "Best Casino in Michigan" and
"Best Casino in Detroit" numerous times in annual readers' polls
in Detroit's two largest newspapers.

The Company and seven of its affiliates filed for Chapter 11
protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No.
08-53104).  Daniel J. Weiner, Esq., Michael E. Baum, Esq., and
Ryan D. Heilman, Esq., at Schafer and Weiner PLLC, represent the
Debtors in their restructuring efforts.  Judy B. Calton, Esq., at
Honigman Miller Schwartz and Cohn LLP, represents the Debtors as
their special counsel.  The Debtors chose Conway MacKenzie &
Dunleavy as their financial advisor, and Kurtzman Carson
Consultants LLC as claims, noticing, and balloting agent.  Clark
Hill PLC serves as counsel to the Official Committee of Unsecured
Creditors.

Greektown Holdings listed assets and debts of $100 million to
$500 million in its bankruptcy petition.

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


GREEKTOWN HOLDINGS: Noteholders Win OK for Plan Related Documents
-----------------------------------------------------------------
The Noteholder Plan Proponents for Greektown Holdings LLC,
including the Official Committee of Unsecured Creditors and
Deutsche Bank Trust Company Americas, as indenture trustee for
senior notes issued by the Debtors, sought and obtained an order
from the Bankruptcy Court in aid of the consummation of the
confirmed Noteholder 11 Plan of Reorganization for the Debtors'
estates.

Among the Plan Proponents are bondholders and holders of
prepetition credit agreement claims.  They include the John
Hancock Strategic Income Fund and certain affiliates, Manulife
Global Fund U.S. Bond Fund and certain affiliates, Oppenheimer
Champion Income Fund and certain affiliates, Brigade Capital
Management, Sola Ltd., and Solus Core Opportunities Master Fund
Ltd.; and are referred to the Put Parties.

The items the Plan Proponents sought clarification on relate to
(1) a settlement agreement with the city of Detroit, (2)
provisions for an exit facility, (3) management agreement with
Warner Gaming LLC, and (4) the initial officers and directors for
Reorganized Greektown, among others.

The Debtors, the Noteholder Plan Proponents, and the city of
Detroit are parties to a settlement agreement dated February 2010
for the resolution of certain matters, including a development
agreement with the City.  The Settlement was approved by the
Detroit City Council and was subsequently approved by the
Bankruptcy Court.

Allan S. Brilliant, Esq., at Dechert LLP, in New York, tells
Judge Shapero that since the Plan's confirmation in January 2010,
the Noteholder Plan Proponents have been working diligently
towards consummation of the Plan in anticipation of the June 30,
2010 closing milestone.  He notes that the Put Parties have been
in frequent communication with the city of Detroit and the staff
of the Michigan Gaming Control Board regarding obtaining the
requisite approvals to close the transactions contemplated under
the Plan.

The Plan contemplates an exit financing facility for Reorganized
Greektown.  Specifically, Reorganized Greektown will have debt
financing consisting of a $30 million new Revolving Credit
Facility and approximately $385 million in new Senior Secured
Notes, in addition to a new equity financing.

The Exit Revolver Facility will be entered into on the Plan
Effective Date by Reorganized Greektown with all subsidiaries as
guarantors and will be secured by a first lien on all assets of
Reorganized Greektown.

At the time of the Plan's confirmation, the documentation for the
Exit Facility was not complete, although detailed terms were
contained in the Disclosure Statement and Plan.

Mr. Brilliant reveals that the Put Parties have substantially
finalized the Exit Facility Documents and have submitted certain
of the documents to the MGCB for consideration.

In this light and out of an abundance of caution, the Noteholder
Plan Proponents seek the Court's approval of the forms of the
Exit Facility Documents as consistent with all of the
requirements of the Plan, the Confirmation Order, and any other
applicable documents.

Copies of the Exit Facility Documents are available for free at:

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

The Put Parties have chosen Warner Gaming LLC to serve as the
initial management company of Reorganized Greektown.  To the
extent the Warner Gaming application has not been approved by the
MGCB as of the anticipated June 30, 2010 Plan Effective Date, or
if for any reason the Management Agreement with Warner Gaming is
not implemented, the Noteholder Plan Proponents seek an order
from the Bankruptcy Court of the consummation of the Plan on the
Anticipated Effective Date without a third party Management
Entity and without a Management Agreement, subject to all
applicable regulatory approvals.

Moreover, the individuals chosen by the Put Parties in
consultation with the other Plan Proponents to serve as initial
officers and directors of Reorganized Greektown also await the
requisite approvals from the MGCB.  They are Freman Hendrix,
Michael E. Duggan, Joel I. Ferguson, Benjamin C. Duster IV, John
I. Bitove, George Boyer and Yvette E. Landau.

To the extent that fewer than all of the potential officers or
directors of Reorganized Greektown have received approval from
the MGCB on the Anticipated Effective Date, the Noteholder Plan
Proponents ask Judge Shapero to approve consummation of the Plan
with the number of Potential Directors and Potential Officers
that receive required MGCB approvals by the Anticipated Effective
Date.

Finally, the Noteholder Plan Proponents seek authority to permit
Reorganized Greektown to draw on the New Revolving Credit
Facility at closing in the event they determine, in consultation
with the Debtors, that the draw is necessary and beneficial to
Reorganized Greektown.

The Noteholder Plan Proponents assert that their requests are
consistent with the Plan, are approved by the Confirmation Order
and do not constitute modifications of the Plan.

Mr. Brilliant avers that the Noteholder Plan Proponents seek
approval of their Requests out of an abundance of caution and to
advise the Court of the current status of efforts to consummate
the Plan consistent with the settlement with the City of Detroit.

Mr. Brilliant reports that the Noteholder Plan Proponents have
been advised by the Mayor's Office for the City of Detroit that
it approves of the Debtors' Requests so long as:

  -- to the extent Warner Gaming is not the initial management
     company, a new management company must be proposed to the
     City for approval by the Mayor and City Council on or
     before the date that is six months from the Plan Effective
     Date; and

  -- until a time as a director from Detroit is appointed to the
     board of directors, Freman Hendrix will serve as the
     ombudsman pursuant to the Settlement Agreement.

The Mayor's Office has also advised that it intends to submit the
relevant matters for the approval of the Detroit City Council
prior to the hearing on the Debtors' Request, Mr. Brilliant
further reveals.

Given that the changes regarding the Management Entity and the
Management Agreement are consistent with the Plan and the Mayor's
Office has already given its approval, the Noteholder Plan
Proponents anticipate that the City Council will also approve
those matters prior to the hearing on their Motion.

                          *     *     *

Allan S. Brilliant, Esq., at Dechert LLP, in New York, certified
to the Court that no responses or objections were asserted as of
June 14, 2010, of the Noteholder Plan Proponents' request to
clarify certain items relating to (1) the Debtors' settlement
agreement with the city of Detroit, (2) provisions for an exit
facility, (3) the management agreement with Warner Gaming LLC,
and (4) the identification of initial officers and directors for
Reorganized Greektown, among others.

Accordingly, Judge Shapero granted the Noteholder Plan
Proponents' request and ruled that the Exit Facility Documents
are approved as consistent with the Plan, the Confirmation Order,
and all other applicable documents.

The Court permits the Noteholder Plan Proponents to make any
necessary or appropriate modifications or amendments to the Exit
Facility Documents consistent with the Plan and Confirmation
Order and other applicable documents and agreements.

For the avoidance of doubt, Judge Shapero clarifies that any
modification or amendment that is consented to by the Noteholder
Plan Proponents will be deemed consistent with the Plan, the
Confirmation Order, and all other applicable documents and
agreements.

Reorganized Greektown is authorized by the Court to enter into
the Exit Facility Documents, which may be further modified or
amended by the Noteholder Plan Proponents consistent with the
Plan, the Confirmation Order, and other applicable documents and
agreements.

The Noteholder Plan Proponents and all other parties necessary
for the consummation of the Plan are authorized and directed by
the Court to take all actions necessary to consummate the Plan on
or prior to June 30, 2010, regardless of whether the Noteholder
Plan Proponents determine, based on the Michigan Gaming Control
Board's approvals or lack of it, to consummate the Plan (i) with
Warner Gaming as the management entity, or (ii) with no third
party management entity and no management agreement in place on
the Anticipated Effective Date, in which case the current
management of the Debtors will manage Reorganized Greektown as of
the Effective Date.

The Noteholder Plan Proponents and all other parties necessary
for the consummation of the Plan are also authorized and directed
to take all actions necessary to consummate the Plan regardless
of whether the Noteholder Plan Proponents determine, based on
MGCB approvals or lack of it, to consummate the Plan (i) with all
of the Potential Officers and Potential Directors identified to
the Court at the Confirmation Hearing and approved by the Court
in the Confirmation Order, or (ii) with fewer than all of the
Potential Officers or Potential Directors identified to the Court
at the Confirmation Hearing, in which case the Potential
Directors that receive MGCB approval will serve as the initial
board of directors of Reorganized Greektown and the Potential
Officers that receive MGCB approval will serve as the initial
officers of Reorganized Greektown.

The Noteholder Plan Proponents are authorized to draw on the New
Revolving Credit Facility at closing on the Effective Date in the
event they deem it necessary, in consultation with the Debtors.

                     About Greektown Casino

Based in Detroit, Michigan, Greektown Holdings, LLC, and its
affiliates -- http://www.greektowncasino.com/-- operate world-
class casino gaming facilities located in Detroit's historic
Greektown district featuring more than 75,000 square feet of
casino gaming space with more than 2,400 slot machines, over 70
tables games, a 12,500-square foot salon dedicated to high limit
gaming and the largest live poker room in the metropolitan Detroit
gaming market.  Greektown Casino employs approximately 1,971
employees, and estimates that it attracts over 15,800 patrons each
day, many of whom make regular visits to its casino complex and
related properties.  In 2007, Greektown Casino achieved a 25.6%
market share of the metropolitan Detroit gaming market.  Greektown
Casino has also been rated as the "Best Casino in Michigan" and
"Best Casino in Detroit" numerous times in annual readers' polls
in Detroit's two largest newspapers.

The Company and seven of its affiliates filed for Chapter 11
protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No.
08-53104).  Daniel J. Weiner, Esq., Michael E. Baum, Esq., and
Ryan D. Heilman, Esq., at Schafer and Weiner PLLC, represent the
Debtors in their restructuring efforts.  Judy B. Calton, Esq., at
Honigman Miller Schwartz and Cohn LLP, represents the Debtors as
their special counsel.  The Debtors chose Conway MacKenzie &
Dunleavy as their financial advisor, and Kurtzman Carson
Consultants LLC as claims, noticing, and balloting agent.  Clark
Hill PLC serves as counsel to the Official Committee of Unsecured
Creditors.

Greektown Holdings listed assets and debts of $100 million to
$500 million in its bankruptcy petition.

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


GREEKTOWN HOLDINGS: Plan Tax Effects Determination Approved
-----------------------------------------------------------
The John Hancock Strategic Income Fund and certain affiliates;
Manulife Global Fund U.S. Bond Fund and certain affiliates;
Oppenheimer Champion Income Fund and certain affiliates; Brigade
Capital Management; Sola Ltd.; Solus Core Opportunities Master
Fund Ltd.; the Official Committee of Unsecured Creditors; and
Deutsche Bank Trust Company Americas as indenture trustee for
senior notes issued by the Debtors sought and obtained authority
from the Bankruptcy Court to allow them or Reorganized Greektown
to seek a determination from the Michigan Department of Treasury
of the tax effects, under Section 346 of the Bankruptcy Code and
the Michigan Business Tax Act, of the confirmed Chapter 11 Plan of
Reorganization.

John Hancock, Manulife, Sola, Solus and Brigade are holders of
bond claims and prepetition credit agreement claims against the
Debtors.  They are referred to as the Put Parties.  The Put
Parties, together with Creditors Committee and the Indenture
Trustee are the proponents of the Chapter 11 Plan confirmed by
the Court on January 22, 2010.

The confirmed Plan has yet to be declared effective.

Allan S. Brilliant, Esq., at Dechert LLP, in New York, notes that
certain conditions precedent must be satisfied for the effective
date of the Plan to occur, including:

  -- all authorizations, consents and regulatory approvals
     required for the Plan's effectiveness will have been
     obtained and not revoked, including required City of
     Detroit or required Michigan Gaming Control Board
     regulatory approvals and consents;

  -- as required, Reorganized Greektown's ownership structure,
     capitalization and management will have been approved by
     the MGCB and the City of Detroit;

  -- the Tax Rollback will have become effective; and

  -- either the Debtors' assumption of the current development
     agreement with the City of Detroit, or the Debtors' entry
     into a revised development agreement with the City of
     Detroit acceptable to the Put Parties that complies with
     Michigan Law, will have been approved by a final order.

Mr. Brilliant relates that the Noteholder Plan Proponents are
working diligently to consummate the Plan as soon as possible and
have already satisfied certain of the conditions, one of which is
the Court's approval of the settlement with the City of Detroit,
and the MGCB's approval of the Tax Rollback.  However, certain
regulatory approvals remain outstanding, he notes.

In the event of an actual controversy regarding any determination
as may be made pursuant to a request as authorized by the
Noteholder Plan Proponents' Request, the Noteholder Plan
Proponents or Reorganized Greektown assert that they will be
authorized to seek a declaration from the Bankruptcy Court of the
tax effects of the Plan after the times set forth in Section
1146(b) of the Bankruptcy Code.

Section 1146(b) provides that the court may authorize the
proponent of a plan to request a determination, limited to
questions of law, by a State or local governmental unit charged
with responsibility for collection or determination of a tax on
or measured by income, of the tax effects, under Section 346 of
the Bankruptcy Code and under the law imposing the tax, of the
plan.  In the event of an actual controversy, the court may
declare the effects after the earlier of:

  * the date on which the governmental unit responds to
    the request; or

  * 270 days after the request.

                     About Greektown Casino

Based in Detroit, Michigan, Greektown Holdings, LLC, and its
affiliates -- http://www.greektowncasino.com/-- operate world-
class casino gaming facilities located in Detroit's historic
Greektown district featuring more than 75,000 square feet of
casino gaming space with more than 2,400 slot machines, over 70
tables games, a 12,500-square foot salon dedicated to high limit
gaming and the largest live poker room in the metropolitan Detroit
gaming market.  Greektown Casino employs approximately 1,971
employees, and estimates that it attracts over 15,800 patrons each
day, many of whom make regular visits to its casino complex and
related properties.  In 2007, Greektown Casino achieved a 25.6%
market share of the metropolitan Detroit gaming market.  Greektown
Casino has also been rated as the "Best Casino in Michigan" and
"Best Casino in Detroit" numerous times in annual readers' polls
in Detroit's two largest newspapers.

The Company and seven of its affiliates filed for Chapter 11
protection on May 29, 2008 (Bankr. E.D. Mich. Lead Case No.
08-53104).  Daniel J. Weiner, Esq., Michael E. Baum, Esq., and
Ryan D. Heilman, Esq., at Schafer and Weiner PLLC, represent the
Debtors in their restructuring efforts.  Judy B. Calton, Esq., at
Honigman Miller Schwartz and Cohn LLP, represents the Debtors as
their special counsel.  The Debtors chose Conway MacKenzie &
Dunleavy as their financial advisor, and Kurtzman Carson
Consultants LLC as claims, noticing, and balloting agent.  Clark
Hill PLC serves as counsel to the Official Committee of Unsecured
Creditors.

Greektown Holdings listed assets and debts of $100 million to
$500 million in its bankruptcy petition.

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


HARVEY KALMENSON: Case Summary & 9 Largest Unsecured Creditors
--------------------------------------------------------------
Joint Debtors: Harvey Kalmenson
               Catherine R. Kalmenson
               4700 Balboa Boulevard
               Encino, CA 91316

Bankruptcy Case No.: 10-17601

Chapter 11 Petition Date: June 24, 2010

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

Judge: Geraldine Mund

Debtor's Counsel: Joon M. Khang, Esq.
                  Khang & Khang LLP
                  1901 Avenue of the Stars 2nd FL
                  Los Angeles, CA 90067
                  Tel: (310) 461-1342
                  Fax: (310) 461-1343
                  E-mail: joon@khanglaw.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 9 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/cacb10-17601.pdf

The petition was signed by the Joint Debtors.


HMSC CORP: S&P Affirms 'B-' Counterparty Credit Rating
------------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its
ratings on HMSC Corp., including the 'B-' counterparty credit
rating.

Standard & Poor's also said that the outlook on HMSC remains
stable.

HMSC is the intermediate holding company of insurance broker Swett
& Crawford Group Inc.

"The affirmation reflects S&P's belief that Swett & Crawford's
financial profile will not materially change, notwithstanding the
potential outcome of advanced discussions with Cooper Gay to
combine under a new holding company," noted Standard & Poor's
credit analyst Polina Chernyak.  Swett & Crawford is the third-
largest wholesale insurance broker in the U.S., according to
Business Insurance's 2009 ranking.  London-based Cooper Gay is the
fourth-largest reinsurance broker.

If at any point it appears that Swett & Crawford is
underperforming relative to S&P's coverage metrics, cash flow, and
covenant expectations, S&P likely will lower the rating.  If, on
the other hand, Swett & Crawford improves its competitive profile,
debt-servicing capabilities, and earnings over the medium to long
term, S&P could consider raising the rating.


INAYAT BERGUM: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Inayat Unissa Bergum
        3929 West Fifth Street
        Santa Ana, CA 92703

Bankruptcy Case No.: 10-18608

Chapter 11 Petition Date: June 24, 2010

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

Judge: Erithe A. Smith

Debtor's Counsel: Steven Karlton Kop, Esq.
                  Law Offices of Steven Karlton Kop
                  1880 Century Park E, Suite 820
                  Los Angeles, CA 90067
                  Tel: (310) 721-8557
                  Fax: (310) 496-2666
                  E-mail: bluejaylaw@gmail.com

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

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

According to the schedules, the Debtor says that assets total
$3,531,190 while debts total $5,169,837.

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/cacb10-18608.pdf

The petition was signed by the Debtor.


INDEPENDENCE TAX: Trien Rosenberg Raises Going Concern Doubt
------------------------------------------------------------
Independence Tax Credit Plus L.P. filed its Form 10-K, reporting a
net loss of $17.9 million on $7.0 million of total revenue for the
year ended March 31, 2010, compared with a net loss of
$5.8 million on $6.7 million of total revenue during the same
period a year ago.

Trien Rosenberg Weinberg Ciullo & Fazzari LLP expressed
substantial doubt about Independence Tax's ability as a going
concern.  The auditor notes that Company's three subsidiary
partnerships' net losses aggregated $10,504,227 for 2009 Fiscal
Year and $551,341 for 2008 Fiscal Year, and their assets
aggregated $6,189,416 and $23,400,218 at March 31, 2010 and 2009,
respectively.

The Partnership's balance sheet showed $23.1 million in total
assets and $42.7 million in total liabilities as of March 31,
2010, for a stockholder's deficit of $19.6 million.

A full-text copy of the Partnership's annual report Form 10-K is
available for free at http://ResearchArchives.com/t/s?6576

                      About Independence Tax

Based in New York, Independence Tax Credit Plus L.P. is a limited
partnership which was formed under the laws of the State of
Delaware on November 7, 1990.  The general partner of the
partnership is Related Independence Associates L.P., a Delaware
limited partnership.  The general partner of the General Partner
is Related Independence Associates Inc., a Delaware corporation.
The ultimate parent of the General Partner is Centerline Holding
Company.

The partnership was formed to invest as a limited partner in other
partnerships that own apartment complexes that are eligible for
the low-income housing tax credit enacted in the Tax Reform Act of
1986, some of which may also be eligible for the historic
rehabilitation tax credit.  The partnership's investment in each
local partnership represents from 98% to 98.99% of the
partnership's interests in the local partnership.  The partnership
originally held ownership interests in twenty-eight local
partnerships.  The partnership does not intend to acquire
additional properties.

During the nine months ended December 31, 2009, one local
partnership sold its property and related assets and liabilities.
As of December 31, 2009, the partnership has sold its limited
partnership interest in twelve local partnerships, the property
and the related assets and liabilities of four local partnerships
and has transferred the deed to the property and the related
assets and liabilities of one local partnership.  In addition, as
of December 31, 2009, two local partnerships are actively being
marketed for sale.


INSIGHT COMMUNICATIONS: Moody's Pus 'B1' Corporate Family Rating
----------------------------------------------------------------
Moody's Investors Service assigned a B1 Corporate Family Rating
and B1 Probability of Default Rating for Insight Communications
Company, Inc., and withdrew the former B1 CFR and B2 PDR for its
indirect wholly owned subsidiary, Insight Midwest Holdings, LLC.
Additionally, Moody's assigned a B3 rating to Insight's proposed
new $400 million issuance of senior unsecured notes and upgraded
Insight Midwest's existing senior secured bank credit facility
ratings to Ba3 from B1.  The rating outlook is Stable,
notwithstanding the leveraging and shareholder-friendly nature of
the pending transaction, which had previously been incorporated
when the outlook was revised to Stable from Positive on May 27,
2010.

Assignments:

Issuer: Insight Communications Company, Inc. ("Insight")

  -- Corporate Family Rating, Assigned B1

  -- Probability of Default Rating, Assigned B1

  -- $400 Million (proposed at launch) of Senior Unsecured Notes
     due 2018, Assigned B3, LGD6 - 91%

Upgrades:

Issuer: Insight Midwest Holdings, LLC ("Insight Midwest")

  -- $250 Million (proforma amount, reduced from $260 Million
     initially) Senior Secured (stock only) Revolving Credit
     Facility due 2014 (extended from 2012), Upgraded to Ba3, LGD3
     -- 39% from B1, LGD3 -- 30%

  -- $385 Million ($215 Million remaining; est. $145 Million
     proforma remaining) Senior Secured (stock only) Term Loan A
     due 2013, Upgraded to Ba3, LGD3 - 39% from B1, LGD3 -- 30%

  -- $1.8 Billion ($1.215 Billion remaining) Senior Secured (stock
     only) Term Loan B due 2014, Upgraded to Ba3, LGD3 -- 39% from
     B1, LGD3 -- 30%

Withdrawals:

Issuer: Insight Midwest Holdings, LLC

  -- Corporate Family Rating, Withdrawn, previously rated B1
  -- Probability of Default Rating, Withdrawn, previously rated B2

The rating outlook is stable.

Proceeds from the new bond offering will be used to pay a one-time
$300 million dividend to shareholders and to repay Revolver and/or
Term Loan A indebtedness.  The upgrade of the Insight Midwest bank
credit facility ratings to Ba3 follows application of Moody's Loss
Given Default Methodology, specifically in consideration of the
now junior-ranking capital in the form of the new senior unsecured
debt being raised at the ultimate parent company, which affords
debt cushion for secured creditors in an event of default
scenario.  The bank credit facility ranks senior to the new notes
and benefits from the enhanced loss absorption afforded by a
larger amount of unsecured debt that now exists beneath it, as
reflected in the lower LGD and expected loss rates, and higher
ratings, for the Insight Midwest debt relative to the junior-
ranking senior unsecured notes of Insight.  The B3 rating for the
senior unsecured notes reflects their effective and structural
subordination to the secured debt and their junior-ranking
position in the capital structure, behind the senior secured
credit facility and all current and potential subsidiary claims.

The B1 CFR continues to broadly reflect high financial leverage,
comparatively low margins and an increasingly competitive
operating environment, all of which are exacerbated by the
company's relatively small scale.  The relative stability of the
pay TV distribution business model, generally solid operating
performance and correspondingly strong deemed underlying
enterprise value associated with the company's well-clustered
cable systems, however, along with the a deemed good liquidity
profile serve, all serve to support the B1 CFR.

Given Moody's expectation that leverage will remain elevated over
the intermediate term, particularly in consideration of the now
public shareholder distribution plan, the likelihood of an upgrade
of the CFR to Ba3 (relative to when the rating outlook was
Positive prior to reverting to Stable in May 2010) has reduced.
Nevertheless, Moody's believes that Insight's fundamental
strengths, including its well-clustered customer population and
upgraded systems, should allow the company to remain solidly
positioned in the B1 rating category.  Proforma debt-to-EBITDA
leverage approximating 6x (as of 3/31/2010, incorporating Moody's
standard adjustments) is high for the rating and a company of this
size, but Moody's expect leverage will drop to a more moderate
level in the low-5.0x range in 2011 as EBITDA grows with continued
RGU growth.

The Stable rating outlook incorporates Moody's expectation that
Insight will continue to generate good levels of free cash flow
and will reduce and sustain debt-to-EBITDA leverage under 5.5x, as
mid-to-high single-digit growth rates of revenue are realized and
EBITDA continues to grow.  The outlook also assumes that the
company will maintain a good liquidity profile and refrain from
any further large debt-financed shareholder distributions.

The last rating action was on May 27, 2010 when Moody's affirmed
its ratings for Insight Midwest and revised the rating outlook to
Stable from Positive.

Insight is a domestic cable TV multiple system operator serving
approximately 785 thousand customers (including almost 723
thousand basic video subscribers), mainly in Kentucky and in parts
of Indiana and Ohio.  Insight Midwest Holdings, LLC ("Insight
Midwest") is a wholly owned indirect operating subsidiary of
Insight.  The company generated revenue of approximately
$1 billion for the twelve-month period ended March 31, 2010.


INSIGHT COMMUNICATIONS: S&P Puts 'B-' Rating on $400 Mil. Notes
---------------------------------------------------------------
Standard & Poor's Ratings Services assigned New York City-based
cable TV operator Insight Communications Co. Inc.'s $400 million
senior notes due in 2018 its issue-level rating of 'B-' (two
notches lower than the 'B+' corporate credit rating on the
company).  The notes will be issued under Rule 144A without
registration rights.  The recovery rating on this debt is '6',
indicating S&P's expectation of negligible (0% to 10%) recovery
for noteholders in the event of a payment default.

The company plans to use note proceeds to pay a $300 million
special dividend to its private shareholders and to pay down bank
debt.  Contingent upon the sale of the $400 million notes, the
$260 million revolving credit facility of subsidiary Insight
Midwest Holdings LLC will be downsized to $250 million, with a
maturity extension from 2012 to 2014.

S&P's corporate credit rating on Insight is 'B+' and the rating
outlook is stable.  The rating reflects the company's aggressive
financial profile, loss of scale economies following the 2008
dissolution of its partnership with Comcast Corp., and a mature
video subscriber base.  Tempering rating factors include Insight's
position as the still-leading pay-TV supplier in most of its
markets and recent favorable operating results.  The stable rating
outlook recognizes good revenue visibility and adequate liquidity,
but private-equity ownership constrains upgrade potential.

                           Ratings List

                  Insight Communications Co. Inc.

       Corporate credit rating                B+/Stable/--

                            New Rating

                  Insight Communications Co. Inc.

             $400M Rule 144A unsecured notes        B-
               Recovery Rating                      6


INTERNATIONAL TOBACCO: Case Summary & 7 Largest Unsec Creditors
---------------------------------------------------------------
Debtor: International Tobacco Partners, Ltd.
        1010 Northern Boulevard, Suite 240
        Great Neck, NY 11021

Bankruptcy Case No.: 10-74894

Chapter 11 Petition Date: June 25,2010

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

Judge: Alan S. Trust

Debtor's Counsel: Gary B. Sachs, Esq.
                  Sachs & Associates, PLLC
                  East Tower 15th Floor
                  1425 RXR Plaza
                  Uniondale, NY 11556-1425
                  Tel: (516) 280-3666
                  Fax: (516) 663-6785
                  E-mail: gsachs43@gmail.com

Scheduled Assets: $975,000

Scheduled Debts: $4,274,650

A list of the Company's 7 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nyeb10-74894.pdf

The petition was signed by Jeffrey Avo Uvezian, company's
president.


INTERNET BUSINESS: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Internet Business Systems, Inc.
          dba IBS Safeworld (In Australia Only)
        18900 Teller Avenue
        Irvine, CA 92612

Bankruptcy Case No.: 10-18592

Chapter 11 Petition Date: June 24, 2010

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

Judge: Robert N. Kwan

Debtor's Counsel: Paul S. Nash, Esq.
                  38 Technology Drive, Suite 250
                  Irvine, CA 92618-2301
                  Tel: (949) 727-9041
                  Fax: (949) 727-9040
                  E-mail: paulsnash@sbcglobal.net

Estimated Assets: $50,001 to $100,000

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 Alan Metcalfe, president.


JEFFREY BAKER: Case Summary & 9 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Jeffery J. Baker
        435 140th Ave. NE
        Bellevue, WA 98005

Bankruptcy Case No.: 10-17259

Chapter 11 Petition Date: June 24, 2010

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

Judge: Karen A. Overstreet

Debtor's Counsel: Larry B. Feinstein, Esq.
                  Vortman & Feinstein
                  500 Union St Ste 500
                  Seattle, WA 98101
                  Tel: (206) 223-9595
                  E-mail: feinstein2010@gmail.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 9 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/wawb10-17259.pdf

The petition was signed by Jeffery J. Baker.


JERMAX INC: Case Summary & 14 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Jermax, Inc.
        dba Gulf & Northern Trading Corporation
        dba Philadelphia Stainless
        2201 Mt. Ephraim Ave.
        Bldg 90
        Camden, NJ 08104

Bankruptcy Case No.: 10-29397

Chapter 11 Petition Date: June 24, 2010

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

Judge: Gloria M. Burns

Debtor's Counsel: Arthur Abramowitz, Esq.
                  Cozen O'Connor
                  457 Haddonfield Road
                  Libertyview Building, Suite 300
                  Cherry Hill, NJ 08002
                  Tel:(856) 910-5000
                  E-mail: aabramowitz@cozen.com

Scheduled Assets: $5,862,575

Scheduled Debts: $7,652,693

A list of the Company's 14 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/njb10-29397.pdf

The petition was signed by Robert P. Carter, company's chief
financial officer.


JESUP & LAMONT: To Cut Staff After FINRA Halts Trading Operations
-----------------------------------------------------------------
Dow Jones Newswires' John Kell reports that Jesup & Lamont Inc.
announced it would terminate all non-essential personnel and stop
paying nearly all salaries about a week after the small investment
bank and brokerage firm received a notice to stop making trades.

Dow Jones relates the Financial Industry Regulatory Authority last
week ordered Jesup & Lamont to stop trading, except for
liquidations, because of its securities subsidiary's capital
deficiency.  Jesup & Lamont said it was taking steps to regain
permission to restart transactions.

"But the company's announcement on Tuesday seemed to suggest those
efforts were so far unsuccessful," according to Mr. Kell.  He says
Jesup & Lamont did note that it "continues to engage in dialogue
with Finra with respect to compliance with the net capital rules."

Except for the continuation of salaries to a limited staff,
according to Dow Jones, Jesup & Lamont said all salaries and draws
have been terminated.  All remaining officers will report directly
to the company's audit committee.

According to the report:

     -- Chief Executive Alan Weichselbaum will remain at the
        company, while former Executive Chairman Steven Rabinovici
        will remain as a non-executive chairman of the board;
        Both will remain at the company on a non-salaried basis;

     -- Chief Financial Officer William Holub will oversee the
        financial affairs of the parent;

     -- Mark Wilton has resigned from the board for health reasons
        while Donald Wojnowski resigned for personal reasons.

Founded in 1877, Jesup & Lamont began as a partnership formed by
two financiers -- James Jesup and Lansing Lamont.  The Rockefeller
Center complex in New York was constructed with funds partially
underwritten by the firm.  The firm most recently had 125 brokers
and 200 total employees.


JIT MANN: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------
Joint Debtors: Jit R. Mann
               Nirmal Mann
               1417 Misty Moat St.
               Las Vegas, NV 89117

Bankruptcy Case No.: 10-21782

Chapter 11 Petition Date: June 24, 2010

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

Judge: Mike K. Nakagawa

Debtor's Counsel: Arun Gupta, Esq.
                  800 N. Rainbow Blvd, #208
                  Las Vegas, NV 89107
                  Tel: (702) 493-1059
                  Fax: (702) 543-3937
                  E-mail: attorney@theguptalawfirm.com

Scheduled Assets: $555,937

Scheduled Debts: $1,104,290

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nvb10-21782.pdf

The petition was signed by Jit R. Mann and Nirmal Mann.


KENAN ADVANTAGE: Moody's Assigns 'Ba3' Corporate Family Rating
--------------------------------------------------------------
Moody's Investors Service assigned ratings to Kenan Advantage
Group, Inc.; corporate family rating of Ba3 and probability of
default rating of B1.  Moody's also assigned a rating of Ba3 to
the planned of $450 million Senior Secured Credit Facility.  The
outlook is stable.  These are first time ratings of Kenan
Advantage.

The credit facility comprises a $250 million term loan due 2016,
a $125 million delayed draw term loan also due 2016, and a
$75 million revolving credit that expires 2015.  Both the
revolving credit and delayed draw term loan will be un-drawn on
close.  Proceeds from the $250 million term loan will be used, in
combination with approximately $470 million of equity, to fund the
purchase of Kenan Advantage by private equity sponsors Goldman
Sachs Capital Partners and Centerbridge Partners.

The rating considers Kenan Advantage's leading position as a
provider of liquid bulk transportation services and logistics to
the fuels, chemical and food markets with nationwide service, and
the relative stability of earnings and cash flow that the company
has experienced throughout the economic cycle.  The B1 probability
of default rating also takes into account a sizeable, but
manageable amount of debt that the company carries resulting from
the acquisition by GSCP and Centerbridge.  With $250 million of
funded debt on close, Moody's estimates pro forma leverage (based
on LTM March 2010 operating results) of under 4 times, which is
somewhat strong for this rating, but an EBIT/Interest coverage
metric of under 1.5 times, which is weak for the rating.  It is
expected that both these metrics will improve through the year to
levels more consistently supportive of the current rating, as slow
demand growth is anticipated for the company's fuel and chemical
distribution businesses.

However, ratings are also negatively impacted by the company's
acquisitive nature.  The company has grown in size and geographic
breadth over the past few years primarily through the purchase of
other operators.  Although Kenan has demonstrated the capability
to integrate smaller regional operations that it had acquired in
the past, this growth model will continue to add an element of
risk to the company's credit profile going forward.  Moreover,
Moody's views the $125 million of delayed-draw term loan available
to Kenan as an indication that the company intends to pursue
potentially sizeable acquisitions going forward, and will likely
make use of additional debt to partially fund such acquisitions.
Leveraged acquisitions may impede the improvement of credit
metrics over time, although Moody's does not expect that such
activity will move these metrics materially out of the range
associated with the company's current ratings.

The senior secured credit facility is rated Ba3, the same as the
corporate family rating, both of which are rated one notch above
Kenan's B1 Probability of Default Rating.  This difference is due
to the assignment of a 65% family recovery rate to the secured
bank facilities as the only debt in Kenan's debt structure.

Kenan's liquidity position is viewed as good over the coming 12
month period.  The company is expected to maintain relatively
strong cash balances.  With capital investment requirements that
are modest in comparison to the trucking sector in general, Kenan
is expected to generate positive free cash flow over the near
term.  Internal sources of liquidity are supplemented by the
company's new $75 million revolving credit facility, due 2015.
Moody's does not expect the company to be reliant on this facility
over the near term, although it may be utilized from time to time
to cover fleet investment requirements.  This facility contains
financial covenants, most notably maximum leverage and minimum
fixed charge coverage requirements.  Moody's anticipates that the
company will be comfortably compliant with these covenants over
the near term.

The stable outlook reflects Moody's expectations that Kenan
Advantage's credit metrics will improve as the company integrates
recent acquisitions and freight demand steadily grows through
2010.  The stable outlook also assumes that, to the extent the
company does make use of the delayed draw term loan for
acquisitions, such purchases represent companies or assets that
can quickly be integrated into the company's operations and
contribute cash flow and operating income at approximately the
same rate as the current businesses, without material
deterioration in Kenan's credit metrics.

Ratings or their outlook could be revised downward if market
conditions were to unexpectedly deteriorate in 2010, or if the
company were to undertake a large leveraged acquisition involving
an undue level of additional debt.  Ratings could be lowered if
Debt to EBITDA were to exceed 4 times, if EBIT to Interest were
remain below 2 times, or if availability under the revolving
credit facility were to diminish due to high usage or covenant
restrictions.  Ratings could be adjusted upward if, after taking
into account acquisitions, the company could demonstrate improving
margins and reduction of debt through use of free cash flow.  EBIT
to Interest would need to exceed 3 times with Debt to EBITDA
sustained below 3.5 times to warrant an upgrade to a PDR of Ba3.

Assignments:

Issuer: Kenan Advantage Group, Inc.

  -- Probability of Default Rating, Assigned B1
  -- Corporate Family Rating, Assigned Ba3
  -- Senior Secured Bank Credit Facility, Ba3 (LGD3, 35%)

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

Kenan Advantage Group, Inc., headquartered in North Canton, OH, is
provider of liquid bulk transportation services and logistics to
the fuels, chemical and food markets.


KRISPY KREME: Shareholders Elect 3 Director Nominees
----------------------------------------------------
Krispy Kreme Doughnuts Inc.'s shareholders elected each of the
director nominees nominated by the Company's Board of Directors as
Class II directors with terms expiring in 2013.  The nominees
were:

   * Charles A. Blixt
   * Lynn Crump-Caine
   * Robert S. McCoy, Jr.

The Securities and Exchange Commission filing also said that the
shareholders ratified the appointment of PricewaterhouseCoopers
LLP as the Company's independent registered public accounting firm
for the fiscal year ending January 30, 2011.

                        About Krispy Kreme

Based in Winston-Salem, North Carolina, Krispy Kreme Doughnuts
Inc. (NYSE: KKD) -- http://www.KrispyKreme.com/-- is a retailer
and wholesaler of doughnuts.  The company's principal business,
which began in 1937, is owning and franchising Krispy Kreme
doughnut stores where over 20 varieties of doughnuts are made,
sold and distributed and where a broad array of coffees and other
beverages are offered.

Kremeworks, LLC, which is 25%-owned by KKDI, has failed to comply
with certain financial covenants related to its indebtedness, a
portion of which matured, by its terms, in January 2009.
Kremeworks has requested that the lender waive the loan defaults
resulting from the covenant violations and refinance the maturing
indebtedness.  In the event the lender is unwilling to do so and
declares the entire indebtedness immediately due and payable, the
Company could be required to perform under its guarantee.

Krispy Kreme Doughnuts said Kremeworks could have insufficient
cash flows from its business to service the indebtedness even if
it is refinanced, which might require capital contributions to
Kremeworks by the Company and the majority owner of Kremeworks --
which has guarantees of the Kremeworks indebtedness roughly
proportionate to those of the Company -- for Kremeworks to comply
with the terms of the any new loan agreement.

                          *     *     *

As reported by the Troubled Company Reporter on September 30,
2009, Standard & Poor's Ratings Services revised its ratings
outlook on Krispy Kreme Doughnuts to stable from negative.  The
outlook revision incorporates S&P's expectation that the company
will have adequate liquidity in the near term based on S&P's
expectation of its performance in the near term, its current cash
position, and covenant cushion.  S&P affirmed the 'B-' corporate
credit rating.  While the sales pressure will continue, S&P
expects the declines to decelerate and profitability to somewhat
stabilize or, at the very least, allow the company to remain
covenant compliant in the current and next fiscal year.


L3 LLC: Voluntary Chapter 11 Case Summary
-----------------------------------------
Debtor: L3,LLC
        750 Bloomfield Ave
        West Caldwell, NJ 07006

Bankruptcy Case No.: 10-29456

Chapter 11 Petition Date: June 24, 2010

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

Judge: Rosemary Gambardella

Debtor's Counsel: Ira S. Kornstein, Esq.
                  24 Park Avenue
                  West Orange, NJ 07052
                  Tel: (973) 736-4007
                  Fax: (973) 736-4033
                  E-mail: iskesq@aol.com

Estimated Assets: $0 to $50,000

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

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

The petition was signed by Shayne Michaelis, managing partner.


LEHMAN BROTHERS: Asks for Nod of Deal With Silver Lake, et al.
--------------------------------------------------------------
Lehman Brothers Holdings Inc. and its affiliated debtors seek
court approval of a settlement agreement that would authorize
LBHI to sell its stake in Silver Lake Credit Fund LP.

Under the deal, SL Credit's general partner, Silver Lake
Financial Associates LP or a third party buyer will pay LBHI
92.5% of its capital account.  In return, SL Financial will drop
its claim against LBHI.

SL Financial's claim stemmed from LBHI's guarantee obligations to
SL Credit, which resulted from the obligations of the company's
foreign affiliate, Lehman Brothers International (Europe), to
SL Credit.

LBHI's capital account is being maintained by SL Financial for
the company's capital contribution as limited partner of SL
Credit.  The account is valued at $127,529,417 as of April 30,
2010.

Lori Fife, Esq., at Weil Gotshal & Manges LLP, in New York, says
the settlement allows LBHI to get near full recovery of its
capital account while avoiding the costs and delay that may
result from challenging the terms of its partnership agreement
with SL Credit through a judicial proceeding.

The settlement is formalized in a 22-page agreement, a copy of
which is available at:

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

The Court will consider the proposed settlement at the July 14,
2010 hearing.  Deadline for filing objections is July 7, 2010.

                        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 Paid $830,576,000 to Firms as of May 31
------------------------------------------------------------
Lehman Brothers Holdings Inc. disclosed these cash receipts and
disbursements of the company, its affiliated debtors and other
controlled entities for the month ended May 31, 2010:

Beginning Cash & Investments (05/01/10) $17,376,000,000
Total Sources of Cash                     1,640,000,000
Total Uses of Cash                         (620,000,000)
FX Fluctuation                              (38,000,000)
                                         ---------------
Ending Cash & Investments (05/31/10)    $18,359,000,000

LBHI reported $2.4 billion in cash as of May 1, 2010, and
$2.344 billion in cash as of May 31, 2010.

The monthly operating report also showed that from September 15,
2008 to May 31, 2010, a total of $830,576,000 had been paid to
professionals, including ordinary course professionals employed
by the Debtors, the Official Committee of Unsecured Creditors,
the Chapter 11 examiner and the Fee Examiner.  Of the amount,
Alvarez & Marsal LLC, the Debtors' turnaround manager, raked in
$296,010,000, while Weil Gotshal & Manges LLP, the Debtors' lead
bankruptcy counsel, earned $190,746,000.

A full-text copy of the May 2010 Operating Report is available
for free at http://bankrupt.com/misc/LehmanMORMay2010.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 Transfer Servicing Rights to Aurora
----------------------------------------------------------------
Lehman Brothers Holdings Inc. and its affiliated debtors seek
court approval to transfer to Aurora Bank FSB the company's
servicing rights to a portfolio of loans sponsored by Fannie Mae.

LBHI services about 40,000 residential mortgage loans with an
outstanding principal amount of about $8.8 billion.

The proposed transfer is part of a settlement made earlier by
LBHI and Aurora Bank to support the latter's business plan to
conduct mortgage loan origination, purchase and sale.  The
settlement was reached after the Office of Thrift Supervision,
Aurora Bank's primary regulator, issued a directive imposing
serious restrictions on the bank's sources of funding and
origination of new loans because of its diminishing capital
level.

LBHI has equity interest in Aurora Bank with a reported value of
about $642 million, which it is trying to protect.

As part of the transfer of the servicing rights, Fannie Mae will
not require assumption of responsibility by the assignee for the
obligations of LBHI as seller with respect to the underlying
loans.

Fannie Mae will also approve Aurora Bank and Aurora Loan Services
LLC, the bank's subsidiary, as its seller or servicer.  This may
include approval of Aurora Bank as seller for retail originations
immediately upon the transfer of the servicing rights, and
approval of the bank as seller for correspondent originations in
case the settlement is completed.

LBHI's attorney, Alfredo Perez, Esq., at Weil Gotshal & Manges
LLP, in Houston, Texas, says the transfer of the mortgage
servicing rights without the ongoing exposure for seller
obligations will improve the marketability of the servicing
rights to third parties.

"Fannie Mae's approval of the bank for retail and correspondent
originations will achieve an important goal of the bank's
business plan and will increase the value of the bank's business
that would flow to LBHI for the benefit of its creditors," Mr.
Perez says in court papers.

After the transfer of the mortgage servicing rights to Aurora
Bank is completed before the August 1, 2010 deadline, the bank
will sell the acquired servicing rights to Fannie Mae for about
$26 million.

The Court will consider the proposed transfer at the July 14,
2010 hearing.  Deadline for filing objections is July 7, 2010.

                        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: Seeks to Sell New Silk Stake to Berkeley
---------------------------------------------------------
Lehman Brothers Holdings Inc. and its affiliated debtors ask the
U.S. Bankruptcy Court for the Southern District of New York to
approve an agreement authorizing the sale of LBHI's stake in a
private-equity fund to Berkeley Investment Ltd.

Under the deal, LBHI will sell its limited partnership interest
in New Silk Route PE Asia Fund LP in return for payment of
$441,226 from Berkeley, which will also assume the company's
outstanding and future obligations to contribute capital to the
equity fund.  Meanwhile, the fund's general partner, New Silk
Route PE Associates L.P., will drop its claim against LBHI, which
stemmed from the company's failure to contribute capital to NSRP
Asia.

LBHI decided to sell its stake because of its failure to provide
capital to NSRP Asia, which made a series of capital calls to its
investors since October 2008.  Under an April 27, 2007,
partnership agreement between NSRP Associates and LBHI, NSRP Asia
is entitled to sell LBHI's stake on its behalf if the company
defaults on a capital call.  As of September 15, 2008, the unpaid
portion of LBHI's commitment was $97 million.

"If LBHI does not enter into the agreement, it will likely not
recover any amount on account of its interest and, indeed, will
face a significant claim," says LBHI's attorney, Lori Fife, Esq.,
at Weil Gotshal & Manges LLP, in New York.

The deal is formalized in a 22-page agreement, a copy of which is
available at http://bankrupt.com/misc/LBHI_AgreementNewSilk.pdf

The Court will consider approval of the agreement at the July 14,
2010 hearing.  Deadline for filing objections is July 2, 2010.

                        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 Settlement With Heritage Fields
---------------------------------------------------------
Lehman Brothers Holdings Inc. and its affiliated ask the U.S.
Bankruptcy Court for the Southern District of New York to approve
a settlement with Heritage Fields El Toro LLC.

Under the deal, LBHI will receive payment of about $125 million
from Heritage in return for assigning to State Street Bank and
Trust Company its debt interest in the Heritage Fields project, a
3,723-acre masterplan development in California owned by
Heritage.

LBHI will also be granted a cash flow participation equal to 10%
of all residual cash flow after Heritage's equity holders receive
a return of their stake in the project.

The deal also requires LBHI to exchange releases with respect to
the claims of LBREM REIT Holdings LLC and El Toro LLC, and the
lawsuit brought against the company by State Street Bank.

LBREM REIT's and El Toro's claims stemmed from the conversion of
a $650 million participation into a corporate loan, with LBHI
serving as the lender.  The corporate loan is secured by LBREM
REIT's membership interests in El Toro.

The $650 million was part of the $775 million mortgage loan that
El Toro provided to Heritage that was participated to Lehman ALI
Inc.  About $200 million of the $650 million participation was
eventually sold to State Street Bank.

A copy of the term sheet outlining the terms of the settlement is
available at http://bankrupt.com/misc/LBHI_TermSheetHeritage.pdf

LBHI's attorney, Alfredo Perez, Esq., at Weil Gotshal & Manges
LLP, in Houston, Texas, says the settlement provides LBHI with a
"significant recovery" on account of its debt interest in the
project while retention of the interest could result otherwise.

"The project continues to have substantial costs associated with
it which need to be funded," Mr. Perez says in court papers.  "In
order to realize any profit on account of its investment, LBHI
would have to continue to fund these costs which would amount to
a significant investment."

Mr. Perez further said that it would take years before LBHI could
recover any profit from its debt investment even if it continues
to provide funding for the project.

In connection with the settlement, LBHI also seeks court approval
to provide interim financing to the Heritage Fields project by
purchasing up to $32 million of participation in the $775 million
mortgage loan from El Toro, to be repaid in full upon the closing
of the settlement.

The $32 million will be used to fund the costs of the Heritage
Fields project, which must be paid prior to the closing of the
settlement, according to Mr. Perez.

Mr. Perez points out that LBHI chose to structure the funding of
those costs through the acquisition of the $32 million
participation because it would provide the company and its
creditors with the most security.  He says the participation is
secured by a "first priority security interest" in the
Heritage Fields project and will be paid off prior to
substantially any other interest in the project.

The Court will consider the proposed settlement at the July 14,
2010 hearing.  Deadline for filing objections is July 7, 2010.

                        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: Wants to Enforce Stay on Greenbrier Minerals
-------------------------------------------------------------
In December 2005, Lehman Commercial Paper Inc. and Greenbrier
Minerals LLC entered into a credit agreement whereby LCPI
provided Greenbrier with an initial credit commitment of
$10 million.  The parties entered into an amendment to that Credit
Agreement in which LCPI provided Greenbrier with an initial
credit commitment of $94 million.  The members of Greenbrier,
including LCPI, entered into an Amended and Restated Operating
Agreement under which LCPI was given 49,000 Class D Units in
Greenbrier and 49% of the voting and sharing ratios of
Greenbrier.  As a result of its Membership Interests, LCPI has
the right to appoint one manager to Greenbrier's board of
manager.

Corinne Ball, Esq., at Jones Day, in New York, relates that in
December 2009 and in connection with a negotiation of a joint
sale and sharing agreement, William Karis, a member of the Board,
alleged that a result of LCPI's bankruptcy filing, LCPI was no
longer member of Greenbrier.  In May 2010, the Board decided by a
majority of votes to terminate Joseph Turley III as Greenbrier's
chief executive officer.  This decision was made because Mr.
Turley notified LCPI and the Board that Midland Trail Resources,
LLC, would not participate in continued negotiations for a joint
sale of Greenbrier and Midland, according to Ms. Ball.

On May 29, 2010, Greenbrier asserted that LCPI's Membership
Interests in the company ceased under the Delaware LLC Act upon
LCPI's bankruptcy filing and, as a result of the loss of the
Membership Interests, the Board did not have proper authority to
act on behalf of the company because it no longer had a proper
voting quorum to conduct company business, Ms. Ball discloses.

"Tellingly, Greenbrier asserted this position only after the
Board decided to terminate the CEO and after a break-down of
negotiations between Greenbrier and LCPI, in its capacity as the
sole secured creditor of Greenbrier regarding the potential sale
of the company," Ms. Ball stresses.  Greenbrier's misguided
negotiating tactic however not only misinterprets Delaware law
and the Operating Agreement but also prevents the Board from
taking actions that may become necessary to ensure the safety of
company employees and the proper operation of its coal mines, she
contends.

Ms. Ball emphasizes that the Operating Agreement expressly
provides that Greenbrier may purchase the interests of a debtor-
member and membership interests are not automatically terminated
upon the member's bankruptcy.  Greenbrier did not purchase LCPI's
Membership Interests, she says.  Since LCPI's Membership
Interests and related rights, including the right for LCPI's
votes to be counted to permit the Board to conduct company
business, are property of LCPI's bankruptcy estate, Greenbrier's
unauthorized acts are violations of LCPI's automatic stay, she
argues.

For those reasons, LCPI asks the Court to direct Greenbrier to
comply with the automatic stay by:

  (i) honoring all previously taken and future Board actions as
      permitted under the Operating Agreement; and

(ii) ceasing any further efforts to deny LCPI of its Membership
      Interests or any related rights, including voting rights.

                        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: Wants to Establish Asset Disposal Procedures
-------------------------------------------------------------
Lehman Brothers Holdings Inc. and its debtor affiliates sought
and obtained the Court's authority, pursuant to Sections 105(a)
and 363(b) of the Bankruptcy Code and Rules 6004(h) and 9019(a)
of the Federal Rules of Bankruptcy Procedure:

  -- to establish procedures pursuant to which they may
     sell, transfer, assign, convey, spin-off, grant a lien
     upon, encumber, charge or otherwise dispose of certain
     assets, including real property owned by the Debtors, and
     other real estate assets, in connection with existing
     commercial mortgage loans, commercial mezzanine loans,
     residential mortgage loans, repurchase facilities and other
     loans and similar facilities either owned by the Debtors or
     in which the Debtors have a direct or indirect debt or
     equity investment or other interest; and

  -- to modify the reporting requirements set forth in the order
     establishing procedures to:

     * restructure;

     * make new or additional debt or equity investments in; and

     * enter into settlements and compromises in connection with
       existing real estate investments, dated November 23,
       2009.

As is customary in the real estate industry, the Debtors, in
their capacity as lenders or equity holders, may determine that
circumstances warrant disposing all or a portion of certain Real
Estate Investments through various means, including selling
either for cash or for other consideration, or otherwise
transferring, assigning, or spinning-off an investment, pledging
an interest in an investment to secure new obligations, or
entering into partnerships, joint ventures or similar
arrangements with respect to certain investments.

As part of those Dispositions, the Debtors may determine that
circumstances warrant entering into settlements and compromises
with borrowers, guarantors, sponsors, lenders, investors,
business partners, joint ventures, brokers and any other person
with an interest in, or in the proceeds of, a Real Estate
Investment or its equity interests, including the forgiveness of
debt and conveyance of direct or indirect interests in real
property, which includes the release of collateral, borrowers,
guarantors and sponsors.

Shai Waisman, Esq., at Weil Gotshal & Manges LLP, in New York,
asserts that Real Estate Disposition Transactions, where
appropriate, are intended to generate a greater likelihood of
maximum recovery on the original investment and, concomitantly,
recoveries for the Debtors' bankruptcy estates and creditors.

As the Debtors are currently in the process of liquidating their
estates, Mr. Shai contends that entering into Real Estate
Disposition Transactions can be an effective manner in which to
opportunistically monetize certain assets to realize a gain in
value, or protect against asset loss and value deterioration.

Prior to the Petition Date, the Debtors undertook Real Estate
Disposition Transactions in the ordinary course of their
business.  The Debtors propose to continue to undertake these
activities with respect to Real Estate Investments in a manner
substantially consistent with their prepetition practices,
subject to the proposed procedures, and without the need for
obtaining Court approval of each transaction.

The Debtors believe that seeking specific Court approval to each
Real Estate Disposition Transaction is expensive, time-consuming,
cumbersome and highly inefficient.

Accordingly, the Debtors sought permission to implement these
procedures:

  (a) The Debtors may enter into and consummate a Real Estate
      Disposition Transaction involving a Real Estate Investment
      having an aggregate estimated recovery amount of up to and
      including $25 million without further Court order or
      approval of or notice to any other party, provided that
      the Debtors will provide notice to the Official Committee
      of Unsecured Creditors of the Real Estate Disposition
      Transactions to which a Debtor is a party as soon as
      practicable but in no event later than promptly following
      the closing of the transactions;

  (b) If a Real Estate Disposition Transaction to which a Debtor
      is a party involves a Real Estate Investment having an
      aggregate Estimated Recovery Amount of greater than $25
      million but less than or equal to $100 million, the
      Debtors will provide to the Creditors Committee a summary
      of the proposed transaction, identifying the salient terms
      of the transaction.  The Creditors Committee will have 10
      business days to object to the transaction, provided that
      if the Creditors Committee seeks additional information
      regarding the transaction, its objection period will be
      suspended until the requested information has been
      provided;

  (c) If a Real Estate Disposition Transaction involves a Real
      Estate Investment having an aggregate Estimated Recovery
      Amount of greater than $100 million, the Debtors will be
      required to file a motion with the Court seeking approval
      of that transaction; and

  (d) The ability of the Debtors to carry out the actions set
      forth in the proposed procedures will not override any
      applicable notice, consent or other rights that any third
      parties may have pursuant to agreements with the Debtors.

As part of the procedures, the Debtors will file with the Court,
on a quarterly basis, a report identifying:

   -- the number of Real Estate Disposition Transactions during
      the prior three calendar months;

   -- the aggregate Estimated Recovery Amount of all Real Estate
      Investments subject to the Real Estate Disposition
      Transactions; and

   -- with respect to Real Estate Disposition Transactions
      having an aggregate Estimated Recovery Amount of greater
      than $25 million but less than or equal to $100 million:

      * the city in which the asset related to the Real Estate
        Disposition Transaction is located;

      * to the extent the consideration received by the Debtors
        for a Real Estate Disposition Transaction is cash, the
        dollar amount of consideration; and

      * to the extent the consideration received by the Debtors
        for Real Estate Disposition Transaction is not cash, the
        nature of the consideration received as "other."

                        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)


LEXI DEVELOPMENT: Filing Could Result to $8MM Loss for Bank
-----------------------------------------------------------
Lexi Development Company, Inc., developer of the Lexi Bayview,
filed for Chapter 11 on June 23, 2010 (Bankr. S.D. Fla. Case No.
10-27573).   It said that assets and debts range from $10,000,001
to $50,000,000.

Paul Brinkmann at Business Journal at South Florida reports that
the Chapter 11 filing could result in an $8 million loss for its
unsecured creditor Great Florida Bank that financed a $56 million
construction loan to the Company.

The filing came after a foreclosure by secured noteholder Lexi
North Bay, an affiliate of RAM Realty.  The remaining secured debt
to RAM is $10.1 million, according to Business Journal.

Peter Russin, Esq., at Mellan Russin & Budwick, represents the
Company in its restructuring effort.


LOUISIANA SYSTEM: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: Louisiana System Build Homes, LLC
        P.O. Box 79
        St. Martinville, LA 70582

Bankruptcy Case No.: 10-50971

Chapter 11 Petition Date: June 24, 2010

Court: United States Bankruptcy Court
       Western District of Louisiana (Lafayette/Opelousas)

Judge: Robert Summerhays

Debtor's Counsel: William C. Vidrine, Esq.
                  711 W. Pinhook Road
                  Lafayette, LA 70503
                  Tel: (337) 233-5195
                  Fax: (337) 233-3897
                  E-mail: williamv@vidrinelaw.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 Aubrey G. Shoemake, Sr., company's
president, director.


MAJESTIC STAR: Court Extends Ch. 11 Plan Filing Until August 20
---------------------------------------------------------------
The Majestic Star Casino, LLC, et al., have asked the U.S.
Bankruptcy Court for the District of Delaware to extend the
Debtors' exclusive periods to file a Chapter 11 plan of
reorganization and solicit votes thereon by 60 days, or until
August 20.

The Court previously extended the Debtors' exclusive period to
propose a Chapter 11 plan until June 21.

The Debtors and their key creditors are actively and cooperatively
working to address outstanding legal and business issues with the
shared goal of filing a viable plan by mid-August, before the
expiration of the 60-day extension of exclusivity sought herein.

The Debtors' key constituencies, the official committee of
unsecured creditors, the Bank of New York Trust Company, N.A., as
indenture trustee for holders of the Debtors' 9 '/2% senior
secured notes due 2010, and Wells Fargo Foothill, Inc., as
administrative agent under the Loan and Security Agreement dated
as of October 7, 2003, have informed the Debtors they consent to
the extension requested by the Debtor.

                        About Majestic Star

The Majestic Star Casino, LLC -- aka Majestic Star Casino, aka
Majestic Star -- is based in Las Vegas, Nevada.  It is a wholly
owned subsidiary of Majestic Holdco, LLC, which is a wholly owned
subsidiary of Barden Development, Inc.  The Company was formed on
December 8, 1993, as an Indiana limited liability company to
provide gaming and related entertainment to the public.  The
Company commenced gaming operations in the City of Gary at
Buffington Harbor, located in Lake County, Indiana on June 7,
1996.  The Company is a multi-jurisdictional gaming company with
operations in three states -- Indiana, Mississippi and Colorado.

The Company filed for Chapter 11 bankruptcy protection on
November 23, 2009 (Bankr. D. Del. Case No. 09-14136).

The Company's affiliates -- The Majestic Star Casino II, Inc., The
Majestic Star Casino Capital Corp., Majestic Star Casino Capital
Corp. II, Barden Mississippi Gaming, LLC, Barden Colorado Gaming,
LLC, Majestic Holdco, LLC, and Majestic Star Holdco, Inc. -- also
filed separate Chapter 11 petitions.

Kirkland & Ellis LLP is the Debtors' bankruptcy counsel.  James E.
O'Neill, Esq., Laura Davis Jones, Esq., and Timothy P. Cairns,
Esq., at Pachulski Stang Ziehl & Jones LLP are the Debtors'
Delaware counsel.  Xroads Solutions Group, LLC, is the Debtors'
financial advisor, while EPIQ Bankruptcy Solutions LLC are the
Debtors' claims and notice agent.

The Majestic Star Casino, LLC's balance sheet at June 30, 2009,
showed total assets of $406.42 million and total liabilities of
$749.55 million.  When it filed for bankruptcy, the Company listed
up to $500 million in assets and up to $1 billion in debts.


MALIBU ASSOCIATES: Court Extends Plan Filing Period Until Sept. 3
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
extended, at the behest of Malibu Associates, LLC, the exclusive
period to file a Chapter 11 plan until September 3, 2010.

The Debtor's exclusive period to solicit acceptances to the Plan
is extended to November 3, 2010.

The Court previously extended the exclusive period to file and
solicit acceptances of the proposed Chapter 11 Plan until June 3,
2010; and August 3, 2010, respectively.

Malibu, California-based Malibu Associates, LLC, dba Malibu
Country Club and Malibu Country Club filed for Chapter 11 on
November 3, 2009 (Bankr. C.D. Calif. Case No. No. 09-24625).
Ashleigh A. Danker, Esq., at Kaye Scholer LLP represents the
Debtor in its restructuring effort.  According to the schedules,
the Company has assets of $42,853,592, and total debts of
$35,758,538 as of the petition date.


MARDI INVESTMENTS: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Mardi Investments #2, LLC
        12808 Fernbank Lane
        Jacksonville, FL 32223

Bankruptcy Case No.: 10-05524

Chapter 11 Petition Date: June 25, 2010

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

Judge: Paul M. Glenn

Debtor's Counsel: Kevin B. Paysinger, Esq.
                  Bankruptcy Law Firm of Lansing J. Roy
                  P.O. Box 10399
                  Jacksonville, FL 32247
                  Tel: (904) 391-0030
                  Fax: (904) 391-0031
                  E-mail: court@jacksonvillebankruptcy.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 Jeffrey Buchanan, managing member.


MARK BRUNELL: Personal Guarantees on Biz Loans Add to Woes
----------------------------------------------------------
Eric Morath, writing for Dow Jones Daily Bankruptcy Review,
reports that personal guarantees of numerous business loans
contributed to National Football League quarterback Mark Brunell's
Chapter 11 filing:

     -- Mr. Brunell owes a more than $5 million guarantee of a
        loan to JWB Owner LLC and more than $4 million in personal
        loan guarantees to his defunct Champion LLC business.
        Both companies were involved in real-estate investments.

     -- Mr. Brunell and his wife also owe nearly $2.9 million on
        their home in Ponte Vedra Beach, Fla.

     -- Among the Brunell's monthly expenses are a $5,627 monthly
        mortgage payment, $1,292 in food expenses for his family
        of six, and a tithe to his church that "will vary as it is
        10% of gross income."

Mr. Brunell earned more than $50 million in his NFL career,
including $1.6 million last year.

According to Mr. Morath, it is not clear if Mr. Brunell intends to
sell off any of his assets as part of that plan, but he did list
some of his most valuable possessions in court papers.  His assets
include his Super Bowl ring won in February, rings from his three
appearances in the Rose Bowl as a member of the Washington Huskies
and his National Championship ring.  Mr. Brunell also listed a
small collection of guns, including a 12-gauge Remington shotgun
and a Winchester 45, and three vehicles, the most valuable of
which is a 2008 Ford F-250 pickup truck.

Mr. Brunell and his wife each listed a $5,000 monthly salary from
Mark Brunell Enterprises Inc. as their primary source of income.
The company operates youth football camps.  Mr. Brunell, 39, is
not currently on an NFL roster.

Ponte Vedra Beach, Florida-based Mark Brunell filed for Chapter 11
on June 25, 2010 (Bankr. M.D. Fla. Case No. 10-05550).  In court
papers, he listed $5.5 million in assets and debts of
$24.7 million.


MARK BRUNELL: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Mark A. Brunell
        P.O. Box 1264
        Ponte Vedra Beach, FL 32004

Bankruptcy Case No.: 10-05550

About the Debtor: Mr. Brunell was a quarterback for the
                  Jacksonville Jaguars in the National Football
                  League and earned more than $50 million playing
                  football.  Mr. Brunell is involved with a real
                  estate project that is being foreclosed upon in
                  Jacksonville Beach and other failed investments
                  in Michigan.

Chapter 11 Petition Date: June 25, 2010

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

Debtor's Counsel: Robert D. Wilcox, Esq.
                  Wilcox Law Firm
                  Enterprise Park
                  4190 Belfort Road, Suite 315
                  Jacksonville, FL 32216
                  Tel: (904) 281-0700
                  Fax: (904) 513-9201
                  E-mail: rwilcox@wilcoxlawfirm.com

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

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

According to the schedules, the Debtor says that assets total
$5,519,000 while debts total $24,729,766.

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/flmb10-05550.pdf

The petition was signed by the Debtor.


MARTIN CADILLAC: Files for Chapter 11 in New Jersey
---------------------------------------------------
Martin Cadillac LLC filed for Chapter 11 protection on June 25 in
Newark, New Jersey (Bankr. D. N.J. Case No. 10-29520).  Bill
Rochelle at Bloomberg News reports that the petition was submitted
to halt collection actions on guarantees to cover debt of a failed
affiliate.

Martin Cadillac is the operator of a Cadillac dealership in
Englewood Cliffs, New Jersey.  Martin had a sister dealership in
Yonkers, New York, that went out of business in April.  Revenue of
$72.6 million in 2008 declined to $60.8 million in 2009.

Bloomberg notes that some of the Yonkers dealership's creditors
have guarantees issued by the New Jersey dealership.  The Chapter
11 petition is designed to stop lawsuits and test the validity of
the guarantees.

                        Road to Bankruptcy

Jacqueline Palank at Dow Jones Daily Bankruptcy Review, citing a
report by The Record in N.J., says Martin Cadillac filed for
Chapter 11 after struggling with such challenges as a heavy debt
load, legal battles with creditors and a dispute with lender GMAC
Financial Services, now known as Ally Financial.

Dow Jones says the economy's nosedive sent sales plummeting (gross
sales last year totaled $60.8 million, down from $72.6 million in
2008) and the dispute with GMAC took its toll.  The lender in
April confirmed to the Record that it was reclaiming some of the
vehicles it helped Martin purchase, a step the dealer said GMAC
took because it had too much inventory on hand.  Around the same
time, Martin Cadillac closed its Yonkers, N.Y., dealership after
GMAC liquidated the inventory.

                     Bankruptcy Sale of Assets

According to Dow Jones, Martin Cadillac aims to sell its interest
in the dealership as well as the lease on the facility.  The
Debtor is seeking court permission to take various steps to ensure
its continued operations, including continuing selling and
servicing vehicles.  It doesn't yet have a commitment from GMAC to
provide post-bankruptcy financing to allow it purchase new
Cadillacs; however, Martin Cadillac said it aims to pursue such a
commitment and is "reasonably optimistic" that it will be able to
secure the funding.

                          Assets & Debts

The Debtor reported $18.4 million in assets and about
$23.4 million in debts.

Richard Newman at The Record says Edgewater-based Mariner's Bank
and Farrell Family Ventures of New York City are the largest
unsecured creditors; each are owed about $2.6 million.  General
Motors LLC is owed $1.9 million and Farrell's Leasing Co. in New
York City is owed $323,187, court documents show.  Mariner's Bank
filed suit in Bergen County on June 17 seeking a $2.6 million
judgment against Martin Cadillac to recover a loan.

The Record also reports trustees of an employee benefit trust fund
last week filed suit in federal court in New Jersey against Martin
Cadillac alleging the dealership failed to make more than $6,800
in required contributions to a dental and optical plan between
February and May.  Separately, Park Avenue Bank filed suit late
last year in New York City alleging Martin Cadillac owed the bank
more than $9 million.  Park Avenue Bank was taken over by federal
regulators on March 12 and sold to Valley National Bancorp in
Wayne.


MARTIN CADILLAC: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Martin Cadillac, LLC
        374 Route 9W
        (Sylvan Avenue)
        P.O. Box 1504
        Englewood Cliffs, NJ 07632
        Tel: (201) 568-2750

Bankruptcy Case No.: 10-29520

Chapter 11 Petition Date: June 25, 2010

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

Judge: Rosemary Gambardella

Debtor's Counsel: Gregory S. Kinoian, Esq.
                   E-mail: gkinoian@ohdlaw.com
                  Paul S. Hollander, Esq.
                   E-mail: phollander@ohdlaw.com
                  Okin, Hollander & DeLuca, LLP
                  One Parker Plaza
                  Fort Lee, NJ 07024
                  Tel: (201) 947-7500
                  Fax: (201) 947-2663

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

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

The petition was signed by Timothy F. Martin, sole member and
manager.

Debtor's List of 20 Largest Unsecured Creditors:

Entity                   Nature of Claim        Claim Amount
------                   ---------------        ------------
Mariner's Bank                                   $2,600,000
935 River Road
Edgewater, NJ 07020

Farrell Family Ventures, LLC                     $2,573,403
430 East 92nd Street
New York, NY 10128

General Motors LLC                               $1,935,000
300 Renaisaance Center
Detroit, MI 48265

Foresight Capital                                $525,000
Management LLC
1511 John Street
Fort Lee, NJ 07024

Farrell's Leasing Company                        $323,187
430 East 92nd Street
New York, NY 10128

Bergen County Auto Group                         $300,000
60 Railroad Avenue, Suite 301
Hasbrouck Heights, NJ 07604

Riderwood Group, Inc.                            $90,000

American Express                                 $75,762

Cole Scholtz Meisel Forman &                     $60,761
Leonard, PA

Martin Cadillac Fuel & Prep                      $45,838

Congers Auto Sales Inc.                          $40,000

Giblin & Giblin                                  $40,000

Mitchell's Auto Body Group,                      $38,991
Inc.

Enterprise Rent-A-Car                            $36,214

Horizon Blue Cross/Blue                          $31,755
Shield

Chase Bank                                       $26,125

Graf, Repetti & Co, LLP                          $23,481

Clear Channel Broadcasting                       $20,360

Mironov, Sloan & Parziale, LLC                   $17,985

Cobalt Group, The                                $16,294


MEDIA SERVICES: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Media Services Acquisition Corporation Inc.
        5 East 17th Street, 8th FL
        New York, NY 10003

Bankruptcy Case No.: 10-13396

Chapter 11 Petition Date: June 25, 2010

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

Debtor's Counsel: Robert M. Fox, Esq.
                  630 3rd Avenue
                  New York, NY 10017
                  Tel: (212) 867-9595
                  Fax: (212) 949-1857
                  E-mail: robert@rfoxlaw.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 Adam Cohen, chief executive officer.


MEDICAL CONNECTIONS: Posts $2.5 Million Net Loss for Q1 2010
------------------------------------------------------------
Medical Connections Holdings, Inc., filed its quarterly report on
Form 10-Q, reporting a net loss of $2,501,876 on $1,428,591 of
revenue for the three months ended March 31, 2010, compared with a
net loss of $1,480,328 on $1,529,648 of revenue for the same
period of 2009.

The Company's balance sheet at March 31, 2010, showed
$2,263,885 in assets, $284,463 of liabilities, and $1,979,422 of
stockholders' equity.

As reported in the Troubled Company Reporter on April 7, 2010,
De Meo, Young, McGrath, CPA, in Fort Lauderdale, Fla., 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 of the Company's dependence on outside financing, lack of
sufficient working capital, and recurring losses from operations.

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

               http://researcharchives.com/t/s?6583

Boca Raton, Fla.-based Medical Connections Holdings, Inc. provides
medical recruitment and staffing services.


MERIT MINING: Closes Second Tranche of $15.5MM Private Placement
----------------------------------------------------------------
Merit Mining Corp. has closed the second tranche of a previously
announced private placement by the Company to Hong Kong Huakan
Investment Co., Limited.  The second tranche is comprised of
8,955,223 common shares, priced at $0.67 per share, for gross
proceeds of $6,000,000.  A finder's fee, comprised of a cash
payment of $120,000 and 89,552 common shares of the Company, has
been paid.  In addition, a finder's warrant has been issued for
447,761 common shares, exercisable on or before June 29, 2011, at
an exercise price of $0.67 per share.  All securities issued
pursuant to the second tranche of the private placement are
subject to a four month hold period until October 30, 2010.

Proceeds of the second tranche will be used to advance the
Greenwood Gold project, located near Greenwood, BC and the J&L
project, located near Revelstoke, BC, and for general corporate
purposes.

At the Annual General Meeting of Shareholders of Merit to be held
on June 30, 2010, a third nominee of Huakan will be proposed for
election to the board of directors.

The Company also reported that, in connection with its previously
announced proposal under the Bankruptcy and Insolvency Act
(Canada), Abakhan & Associates Ltd., the Trustee under the
proposal, has issued a Certificate of Full Performance of Proposal
to the Company, confirming that the proposal has been fully
performed.


MOVIE GALLERY: Sales of Inventory Generate $18 Million
------------------------------------------------------
Bill Rochelle at Bloomberg News reports that Movie Gallery Inc.
received approval from the bankruptcy judge for two sales of
inventory in the Nashville, Tennessee, distribution center that
will generate more than $8 million.  VPD IV Inc. is buying some
1.2 million Blu-ray and DVD movies for $5.06 million.  COKeM
International Ltd. is taking over video games and related
accessories for $3.03 million.

                        About Movie Gallery

Based in Wilsonville, Ore., Movie Gallery, Inc., is the second
largest North American video and game rental company, operating
stores in the U.S. and Canada under the Movie Gallery, Hollywood
Video and Game Crazy brands.

Movie Gallery first filed for Chapter 11 on Oct. 16, 2007 (Bankr.
E.D. Va. Case Nos. 07-33849 to 07-33853).  Kirkland & Ellis LLP
and Kutak Rock LLP represented the Debtors.  The Company emerged
from bankruptcy on May 20, 2008, with private-investment firms
Sopris Capital Advisors LLC and Aspen Advisors LLC as its
principal owners.  William Kaye was appointed plan administrator
and litigation trustee.

Movie Gallery returned to Chapter 11 protection on February 3,
2009 (Bankr. E.D. Va. Case No. 10-30696).  Attorneys at
Sonnenschein Nath & Rosenthal LLP and Kutak Rock LLP represent the
Debtors in their second restructuring effort.  Kurtzman Carson
Consultants serves as claims and notice agent.

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


NETWORK COMMS: Will Not Pay $9.4 Million Interest on Sr. Notes
--------------------------------------------------------------
Network Communications Inc. said, as a result of continued
challenges in the markets that it serves, the lack of a rebound in
revenue and the inability to secure a new revolving loan facility
to replace the current commitment that expires in November 2010,
it elected not to make the June 1, 2010 interest payment of
approximately $9.4 million on its 10 3/4 Senior Note due 2013.

As a result of missing this payment, the Company's senior secured
lenders accelerated all amounts outstanding under the Company's
revolving and term loan credit agreements, which in turn triggered
an event of default under the Senior Notes indenture and the
senior subordinated credit agreement.  The Company's total debt
outstanding is approximately $296 million.  The Company is unable
to pay the outstanding debt if it is called.  The Company obtained
an agreement from its secured lenders dated June 1, 2010,
permitting it to have continued access to and use of its cash as
it works with its stakeholders to restructure its balance sheet.

On June 18, 2010, the Company and its parent, Gallarus Media
Holdings, Inc., entered into an amendment to agreement, dated June
18, 2010, by and among the Company, the lenders party thereto,
Toronto Dominion (Texas) LLC, as Administrative Agent under the
Company's revolving credit agreement and under the Company's
senior term loan agreement and as Collateral Agent for the lenders
thereunder, and certain other parties thereto to amend the
agreement dated June 1, 2010 such that the definition of
"Transaction Event" therein was changed from June 20, 2010 to July
12, 2010.  All other terms remain the same.  The Company expects
to have sufficient cash on hand to fund normal course operations
as restructuring negotiations progress.

                   About Network Communications

Network Communications, Inc. is a publisher of information for the
local real estate market in North America. Through its network of
online and print distribution points, the Company provides local
information to consumers involved in buying, leasing and
renovating a home. The Company's reader base selects its print and
online publications for advertisements. The Company's advertisers
include agents, property management companies, new home builders
and home renovation products and service providers. The Company
operates in approximately 550 targeted markets, which may overlap
geographically across the United States and Canada, and have a
monthly print and online reach of approximately 13 million
potential consumers seeking to buy, rent or renovate their homes.

The Company had a $3.8 million net loss for the quarter ended Dec.
6 on sales of $33.8 million.  For nine months ended Dec. 6, the
net loss was $10.5 million on sales of $105.2 million.  Assets
were on the books for $362 million on Dec. 6, with total
liabilities of $330 million.

Standard & Poor's Ratings Services lowered its corporate credit
rating on Lawrenceville, Ga.-based Network Communications Inc. to
'D' from 'CCC' because of the company's failure to make its
interest payment due on June 1, 2010, on its 10.75% senior notes
due 2013.  At the same time, S&P lowered its issue-level ratings
on the company's senior secured debt to 'D' from 'CCC', and the
rating on the company's senior unsecured notes to 'D' from 'CC'.
NCI had $293.9 million total debt outstanding at Dec. 6, 2009.


NICOLAS MARSCH: Wants Extension of Exclusive Period to File Plan
----------------------------------------------------------------
Nicolas Marsch III has asked the U.S. Bankruptcy Court for the
Southern District of California to extend the time within which
the Debtor has the exclusive right to file a plan through and
including August 27, 2010, and extend the time within which the
Debtor has the exclusive right to solicit and obtain acceptances
of such a plan through and including October 26, 2010.

The Debtor's case presents the unique situation where successful
reorganization is literally hinging on the outcome of one
unresolved contingency -- Briarwood Capital, LLC's claims in the
Bridges Action.  The Debtor is confident the contingency in this
case will be resolved in favor of Briarwood and that such a result
will result in more than adequate funding to pay all of the
Debtor's creditors in full.

In August 1997, Mr. Marsch formed HCC Investors, LLC, with Lennar
for the purpose of developing a 540-acre parcel located in Rancho
Santa Fe, California commonly known as The Bridges.  Mr. Marsch
had purchased The Bridges property more than 20 years ago.
Marsch's 50% interest in HCC was assigned to Briarwood Capital,
LLC in 1998.  The Bridges was ultimately developed into an
exclusive residential community and private country club.  In the
midst of the overwhelming success of The Bridges, Mr. Marsch
discovered significant irregularities in Lennar's accounting for
the project.  In particular, Lennar was reporting a substantial
negative net cash flow in project accountings, allegedly due to
increased project costs, all of which are controlled by Lennar.
The result was that Lennar projected zero profits to Briarwood for
its 50% membership interest and substantial contributions to HCC,
despite over $500 million in revenues.  In 2006, however, after
Lennar had failed to provide an accurate accounting for the
project, Briarwood commenced suit in San Diego Superior Court.
During the course of the litigation, Briarwood and Mr. Marsch
experienced significant cash flow difficulties and were forced to
continue to borrow funds to finance the considerable expense of
the Bridges Action.  In February 2010, Briarwood filed for Chapter
11 bankruptcy protection for the purpose of, among other things,
preventing creditors from disposing of its assets and to obtain
the breathing spell necessary to obtain a judgment in the Bridges
Action.  For identical reasons, Mr. Marsch also commenced a
Chapter 11 case in February 2010.  The Debtor said that its
disputes with Lennar found their way into the bankruptcy court as
Lennar attempted to continue its prosecution of the Florida Action
despite the automatic stay.  In addition, Lennar has continued to
withhold property of the Briarwood estate post-petition --
approximately $3 million in fees due to Briarwood under the HCC
Operating Agreement -- thus forcing the Briarwood to seek an order
of the Court for turnover of those funds (the Turnover Adversary).
The Debtor has also participated in the continued prosecution of
the Bridges Action during the case for the benefit of his estate.

After almost 12 months of trial in the Bridges Action, on June 17,
2010, Briarwood and Lennar submitted proposed tentative statements
of decision to the court for a ruling on the first of four phases
of trial.

The parties anticipate the court will issue a ruling with respect
to Phase One by approximately July 15, 2010.  A favorable ruling
will allow Briarwood to explore avenues for financing a plan of
reorganization and will shed considerable light on the validity of
the various sizeable claims made against the Debtor and Briarwood
by Lennar in various pending state court proceedings.

The Debtor asks the Court that it be afforded an opportunity to
propose a plan of reorganization once the decision in the Bridges
Action becomes clear.  The Debtor submits that the imminent ruling
of the Superior Court on Phase One of the Bridges Action will
clarify exactly what can and should be accomplished in Briarwood's
case and, thus, what will be distributed to the Debtor.

The Debtor says that its case is not complex in terms of business
operations, but the issues in the Debtor's case are fairly complex
in that the Debtor and Briarwood have been embroiled in litigation
with Lennar and with certain of its other creditors.

                        About Nicolas Marsch

Rancho Santa Fe, California-based Nicolas Marsch, III, filed for
Chapter 11 bankruptcy protection on February 25, 2010 (Bankr. S.D.
Calif. Case No. 10-02939).  Jeffry A. Davis, Esq., at Mintz Levin
Cohn Ferris Glovsky & Popeo, assists the Company in its
restructuring effort.  The Company listed $100,000,001 to
$500,000,000 in assets and $10,000,001 to $50,000,000 in
liabilities.


NORTH GENERAL HOSPITAL: To File for Bankruptcy on Friday
--------------------------------------------------------
The Wall Street Journal's Suzanne Sataline reports that North
General Hospital in Harlem plans to seek Chapter 11 protection on
Friday and cease admitting patients to its emergency and acute
care centers by then, according to the Rev. Calvin O. Butts III,
chairman of the hospital's board.  The Journal reports that a
hospital spokeswoman said, as the hospital shuts down various
departments, it will lay off its 1,000 employees.  A spokeswoman
for 1199 SEIU United Healthcare Workers East, which represents 900
workers, said they had been told positions would be "phased out."

According to the report, North General struggled to meet its
operating expenses through the year.  Mr. Butts said North General
has wrestled with debt since the creation of the 190-patient bed
hospital.  It borrowed money create a medical center on the former
site of the Hospital for Joint Diseases.

The hospital owes about $200 million, Mr. Butts said.  The
hospital owes $117 million in state bonds issued in 1989 and is
delinquent by $39 million in principal and interest, according to
the Dormitory Authority of the State of New York, a public
corporation that finances construction projects.  The hospital has
been late on past payments and used state loans to meet its debt
service so bondholders would receive payment, said Paul Williams
Jr., the authority's president.

According to the Journal, state officials sought to cast North
General's future in a sunny light.  Gov. David Paterson's office
announced that the Institute for Family Health, a large health
clinic organization, will lease space on the North General site.
Neil Calman, the president and CEO of the institute, couldn't be
reached for comment.

According to the Journal, the Health and Hospitals Corp., which
runs the city's public hospitals, plans to lease space from North
General and in about 18 months to transfer 200 long-term acute-
care beds from the 1,000 beds at Coler-Goldwater Memorial Hospital
on Roosevelt Island.  HHC plans to buy North General's parking lot
and build a skilled nursing home, Mr. Williams said. The city will
finance about $250 million of this on behalf of HHC, said a
spokesman for Mayor Michael Bloomberg.

Mr. Williams acknowledged that a bankruptcy judge would have to
approve any future plans for the hospital.

North General Hospital is the second acute-care hospital to fold
in New York City in less than two months.  St. Vincent's Hospital,
the last Catholic hospital in the city, closed in April and filed
for bankruptcy.


NORTH GLYNN: Case Summary & 5 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: North Glynn United Methodist Church, Inc.
        940 Harry Driggers Boulevard
        Brunswick, GA 31525

Bankruptcy Case No.: 10-20825

Chapter 11 Petition Date: June 25, 2010

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

Debtor's Counsel: C. James McCallar, Jr.
                  McCallar Law Firm
                  P.O. Box 9026
                  Savannah, GA 31412
                  Tel: (912) 234-1215
                  Fax: (912) 236-7549
                  E-mail: mccallar@mccallarlawfirm.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 5 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/gasb10-20825.pdf

The petition was signed by Tony Caldwell, CEO.


NUTRACEA: Files Joint Plan of Reorganization With Creditors
-----------------------------------------------------------
NutraCea and its Official Committee of Unsecured Creditors filed
with the Bankruptcy Court a proposed Plan of Reorganization and
related Disclosure Statement in accordance with the Bankruptcy
Code.  The Plan represents a major step forward in the Company's
efforts to emerge from Chapter 11.

NutraCea filed a voluntary petition for reorganization under
Chapter 11 protection on November 10, 2009.  None of the Company's
subsidiaries were included in the bankruptcy filing.

W. John Short, NutraCea Chairman and CEO, said "We are pleased to
co-sponsor this plan with the Official Unsecured Creditors
Committee and thank them for working with us to get it on file in
the Court.  In addition, we want to thank our customers, vendors,
bankers, advisors, attorneys and employees for their ongoing
commitment to NutraCea during our reorganization process.  Their
support has been instrumental in getting our Company to this
significant milestone.

"Management committed considerable time to the preparation and
negotiation of the Plan; we can now redirect our management team's
full attention to increasing profitable sales and completing the
asset monetization programs that will allow us to repay our
creditors.

"We look forward to Plan confirmation and our emergence from
Chapter 11 later this year as a stronger more focused Company."


                           About NutraCea

NutraCea is a world leader in production and utilization of
stabilized rice bran.  NutraCea holds many patents for stabilized
rice bran (SRB) production technology and proprietary products
derived from SRB.  NutraCea's proprietary technology enables the
creation of food and nutrition products to be unlocked from rice
bran, normally a waste by-product of standard rice processing.

Phoenix, Arizona-based Nutracea, a California corporation, filed
for Chapter 11 bankruptcy protection on November 10, 2009 (Bankr.
D. Ariz. Case No. 09-28817).  S. Cary Forrester, Esq., at
Forrester & Worth, PLLC, assists the Company in its restructuring
effort.  The Company listed $50,000,001 to $100,000,000 in assets
and $10,000,001 to $50,000,000 in liabilities.


ORANGE GROVE: Files Schedules of Assets and Liabilities
-------------------------------------------------------
Orange Grove Service, Inc., filed with the U.S. Bankruptcy Court
for the Central District of California its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $11,708,077
  B. Personal Property              $295,659
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $11,131,123
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $106,200
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $374,014
                                 -----------      -----------
        TOTAL                    $12,003,736      $11,611,337

La Verne, California-based Orange Grove Service, Inc., filed for
Chapter 11 bankruptcy protection on March 25, 2010 (Bankr. C.D.
Calif. Case No. 10-21336).  Ori S. Blumenfeld, Esq., at Wilson &
Associates LLP, assists the Company in its restructuring effort.
The Company estimated its assets and debts at $10,000,001 to
$50,000,000.


OSCIENT PHARMACEUTICALS: RBS Citizens Objects to Amended Plan
-------------------------------------------------------------
BankruptcyData.com reports that RBS Citizens, National Association
filed with the U.S. Bankruptcy Court an objection to Oscient
Pharmaceuticals' First Amended Chapter 11 Plan of Reorganization.

The objection asserts, "While RBS does not object to confirmation
of the Plan, in an abundance of caution, RBS files this limited
objection in the event the Plan can be read to require the
transfer of certain funds in the Collateral Accounts to the
Oscient Trustee on the Effective Date of the Plan prior to the
Cash Management System being terminated and full allowance of the
secured claim of RBS."

                   About Oscient Pharmaceuticals

Based in Waltham, Massachusetts, Oscient Pharmaceuticals
Corporation -- http://www.antararx.com/and
http://www.factive.com/-- and its wholly owned subsidiary,
Guardian II Acquisition Corporation, sell two products, ANTARA
(fenofibrate) capsules, which is a cardiovascular product
indicated for the adjunct treatment of hypercholesterolemia (high
blood cholesterol) and hypertriglyceridemia (high triglycerides)
in combination with diet, and FACTIVE (gemifloxacin mesylate)
tablets, which is a fluoroquinolone antibiotic indicated for the
treatment of acute bacterial exacerbations of chronic bronchitis
and community-acquired pneumonia of mild to moderate severity.

As of December 31, 2008, the Debtors' audited consolidated
financial statements reflected total assets of $174.0 million and
total liabilities of $255.2 million.

Oscient Pharmaceuticals Corporation together with an affiliate
filed for Chapter 11 on July 13, 2009 (Bankr. D. Mass. Case No.
09-16576).  Judge Henry J. Boroff presides over the case.  Charles
A. Dale III, Esq., at K&L Gates LLP, represents the Debtors.  The
Debtors also hired Ropes & Gray LLP as special litigation counsel,
and Broadpoint Capital Inc. as financial advisor.


PACIFIC ETHANOL: Ca. Superior Court Approves Settlement Agreement
-----------------------------------------------------------------
The Superior Court of the State of California for the County of
Los Angeles entered an order approving stipulation for settlement
of claim in the matter entitled Socius CG II, Ltd. v. Pacific
Ethanol, Inc.

The Order provides for the full and final settlement of Socius GC
II, Ltd.'s $5,000,000 claim against the company.  Socius purchased
the Claim from Lyles United, LLC, a creditor of Pacific Ethanol,
Inc., pursuant to the terms of a Purchase Agreement dated
effective as of June 16, 2010 between Socius and Lyles United.
The Claim consists of the right to receive $5,000,000 of principal
amount of and under a loan made by Lyles United to the company
pursuant to the terms of an Amended and Restated Promissory Note
dated November 7, 2008 in the original principal amount of
$30,000,000. Pursuant to the terms of the Order, on June 21, 2010,
we issued and delivered to Socius 7,735,000 shares of the
company's common stock, subject to adjustment as set forth in the
Order.

The Settlement Shares represent approximately 9.90% of the total
number of shares of the company's common stock outstanding
immediately following the issuance of the Settlement Shares.  The
total number of shares of the company's common stock to be issued
to Socius or its designee in connection with the Order will be
adjusted on the 21st trading day following the date on which the
Settlement Shares are issued, as follows:

   i) if the number of VWAP Shares exceeds the number of
      Settlement Shares initially issued, then the company will
      issue to Socius or its designee additional shares of the
      company's common stock equal to the difference between the
      number of VWAP Shares and the number of Settlement Shares,
      and

  ii) if the number of VWAP Shares is less than the number of
      Settlement Shares, then Socius or its designee will return
      to the company for cancellation that number of shares as
      equals the difference between the number of VWAP Shares and
      the number of Settlement Shares.

The number of VWAP Shares is equal to:

   i) $5,000,000 divided by 80% of the volume weighted average
      price as reported by Bloomberg LP of the company's common
      stock over the 20-day trading period immediately following
      the date on which the Settlement Shares were delivered to
      Socius, plus

  ii) $11,949 for Socius' legal fees, expenses and costs incurred
      through April 30, 2010, plus an amount equal to Socius'
      reasonable legal fees, expenses and costs incurred after
      April 30, 2010, with the total divided by the VWAP of the
      company's common stock over the 20-day trading period
      immediately following the date on which the Settlement
      Shares were delivered to Socius.

In no event will the number of shares of the company's common
stock issued to Socius or its designee in connection with the
settlement of the Claim, aggregated with all shares of the
company's common stock then owned or beneficially owned or
controlled by, collectively, Socius and its affiliates, at any
time exceed (x) 9.99% of the total number of shares of the
company's common stock then outstanding , or (y) without the
company's prior written consent, that number of shares of the
company's common stock that would trigger a new limitation under
Internal Revenue Code Section 382.

                     About Pacific Ethanol

Pacific Ethanol Holding Co. LLC and four affiliates filed for
Chapter 11 on May 17, 2009 (Bankr. D. Del. Case No. 09-11713).
Judge Kevin Gross handles the case.  Attorneys at Cooley Godward
Kronish LLP represent the Debtors as counsel.  Attorneys at Potter
Anderson & Corroon LLP are co-counsel.  Epiq Bankruptcy Solutions
LLC is the claims agent.  Pacific Ethanol Holding disclosed
$50 million to $100 million in assets and $100 million to
$500 million in debts in its petition.

Pacific Ethanol Inc. and its marketing subsidiaries, Kinergy
Marketing LLC, and Pacific Ag. Products, LLC, have not filed for
Chapter 11 bankruptcy protection.  The Company is expected to
continue to manage the Plant Subsidiaries under an Asset
Management Agreement and Kinergy and PAP are expected to continue
to market and sell the Plant Subsidiaries' ethanol and feed
production under existing Marketing Agreements.


PACIFIC ETHANOL: Subsidiaries Exit Bankruptcy
---------------------------------------------
Pacific Ethanol, Inc., disclosed the emergence from bankruptcy of
Pacific Ethanol Holding Co. LLC and PEH's four wholly-owned
ethanol production facility subsidiaries, effective today,
June 29, 2010.

The Plant Subsidiaries, which are now owned by a newly formed
holding company, will continue to be staffed, managed and operated
by the Company under a fee and profit-sharing arrangement
negotiated with the owners of New PEHC.  In addition, the Company,
through its marketing subsidiary Kinergy Marketing, will continue
to market ethanol for the Plant Subsidiaries.

The Company has eliminated approximately $290 million in debt and
other liabilities from its balance sheet.  The bankruptcy did not
affect the Company's ownership structure and the Company continues
to be owned by its existing common and preferred stockholders.

The Company has an exclusive option to purchase up to a 25% equity
interest in New PEHC for up to $30 million in cash, which is
exercisable for a period of 90 days from today.

"Thanks to the dedicated work of our employees and the cooperation
of our lenders we have achieved this important and positive
outcome," said Neil Koehler, the Company's President and Chief
Executive Officer.  "We believe that our business is well
positioned for growth.  With the California plants capable of
producing the lowest carbon ethanol in the United States, we are
now focused on a plan to restart these facilities to provide much
needed ethanol to meet California's Low Carbon Fuel Standard."

Additional information concerning the Plan of Reorganization of
PEH and the Plant Subsidiaries will be reported on Form 8-K, to be
filed with the Securities and Exchange Commission.

                     About Pacific Ethanol

Pacific Ethanol Holding Co. LLC and four affiliates filed for
Chapter 11 on May 17, 2009 (Bankr. D. Del. Case No. 09-11713).
Judge Kevin Gross handles the case.  Attorneys at Cooley Godward
Kronish LLP represent the Debtors as counsel.  Attorneys at Potter
Anderson & Corroon LLP are co-counsel.  Epiq Bankruptcy Solutions
LLC is the claims agent.  Pacific Ethanol Holding disclosed
$50 million to $100 million in assets and $100 million to
$500 million in debts in its petition.

Pacific Ethanol Inc. and its marketing subsidiaries, Kinergy
Marketing LLC, and Pacific Ag. Products, LLC, have not filed for
Chapter 11 bankruptcy protection.  The Company is expected to
continue to manage the Plant Subsidiaries under an Asset
Management Agreement and Kinergy and PAP are expected to continue
to market and sell the Plant Subsidiaries' ethanol and feed
production under existing Marketing Agreements.


PARKSIDE PARTNERS: Case Summary & 9 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Parkside Partners, Inc.
        17818 Statesville Road
        Cornelius, NC 28031

Bankruptcy Case No.: 10-31822

Chapter 11 Petition Date: June 25, 2010

Court: United States Bankruptcy Court
       Western District of North Carolina (Charlotte)

Judge: J. Craig Whitley

Debtor's Counsel: John Wesley Moore, Esq.
                  Law Offices of J. Wesley Moore
                  1100 Metropolitan Avenue, Suite 206
                  Charlotte, NC 28204
                  Tel: (704) 898-4938
                  Fax: (704) 973-9698
                  E-mail: wes.moore@jwesleymoorelaw.com

Estimated Assets: $0 to $50,000

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

A list of the Company's 9 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ncwb10-31822.pdf

The petition was signed by Phil M. Gandy, Jr.


PEACHTREE RESTAURANT: Files for Chapter 11 Bankruptcy Protection
----------------------------------------------------------------
Joyce Smith at The Kansas City Star reports that Peachtree
Restaurant filed for Chapter 11 bankruptcy protection, listing
assets of $3,275 and liabilities of $372,960 including $203,360
owed to landlord the Cordish Co. and $87,077 to the Internal
Revenue Service.

Peachtree Restaurant operates a restaurant known for its soul
food, traditional Southern cuisine and comfort food.


PERRY ELLIS: S&P Assigns 'B-' Senior Unsecured Debt Rating
----------------------------------------------------------
On June 25, 2010, Standard & Poor's Ratings Services assigned its
preliminary 'B-' senior unsecured debt rating (two notches lower
than the corporate credit rating on Perry Ellis), preliminary 'B-'
subordinated debt rating, and preliminary 'CCC+' preferred stock
rating (three notches lower than the corporate credit rating) to
Perry Ellis International Inc.'s (B+/Negative/--) universal shelf
filing.  The shelf is a renewal on an existing shelf and also has
a $200 million maximum aggregate offering amount.  The number of
debt securities is currently indeterminate.

As of May 1, 2010, Perry Ellis had about $155 million of reported
debt.  Subsequently, in June 2010, the company retired $25 million
of its senior subordinated notes due 2013 in the open market.

The preliminary shelf ratings assume that additional indebtedness
issued at the senior unsecured level would likely result in the
company's current subordinated debt rating being lowered.
However, if the company were to issue additional secured debt, S&P
would re-evaluate all existing and preliminary issue level
ratings.

                           Ratings List

                         Ratings Assigned

                  Perry Ellis International Inc.

        Senior unsecured debt rating     B- (preliminary)
        Subordinated debt rating         B- (preliminary)
        Preferred stock rating           CCC+ (preliminary)

                          Related Rating

         Corporate credit rating          B+/Negative/--


PLAYBOY ENTERPRISES: Downsizes Organizational Structure
-------------------------------------------------------
Playboy Enterprises, Inc., is downsizing its organizational
structure and expects to record a restructuring charge of
approximately $3.0 million in the 2010 second quarter as a result.

PEI's Chief Executive Officer Scott Flanders said: "Our goal is to
transition Playboy to a brand management company and, in so doing,
to more cost-effectively monetize our powerful brand and assets.
As we proceed through this transformation, we are aggressively
looking for opportunities to streamline our operations,
consolidate functions and reduce overhead expense.  The downsizing
is not a reflection of our employees' talents and work ethic, but
rather due to the overall change in the company's strategic
direction."

The company said it expects the second quarter restructuring will
result in cost savings of more than $3.0 million annually. PEI
plans to release second quarter earnings on August 5, 2010.

                   About Playboy Enterprises

Playboy is one of the most recognized and popular consumer brands
in the world. Playboy Enterprises, Inc. is a media and lifestyle
company that markets the brand through a wide range of media
properties and licensing initiatives.  The company publishes
Playboy magazine in the United States and abroad and creates
content for distribution via television networks, websites, mobile
platforms and radio.  Through licensing agreements, the Playboy
brand appears on a wide range of consumer products in more than
150 countries as well as retail stores and entertainment venues.


POWER EFFICIENCY: Closes Private Placement of Series D Stock
------------------------------------------------------------
Power Efficiency Corporation said it consummated a closing of a
private placement offering of an aggregate of 313,752 units, each
Unit consisting of one share of the Company's Series D Preferred
Stock, par value $.0001 per share, and a warrant to purchase 50
shares of the Company's common stock, receiving aggregate
consideration of $5,020,000, which included $3,601,200 of cash,
the conversion of $1,336,050 of Senior Secured Notes and related
accrued interest which the Company issued in May and June of 2010,
and $82,750 of deferred compensation.

Many of the purchasers of Units were either officers, directors,
affiliates or pre-existing stockholders of the Company.  The
Series D Preferred Stock and Warrants issued in the Offering are
initially convertible or exercisable, as applicable, into an
aggregate of up to 47,062,800 shares of the Company's common
stock.

Each share of Series D Preferred Stock is initially convertible
into 100 shares of the Company's common stock.  The Series D
Preferred Stock is convertible at the option of the holder at any
time.  The Series D Preferred Stock is also subject to mandatory
conversion in the event the average closing price of the Company's
common stock for any ten day period equals or exceeds $0.50 per
share, with average daily volume of at least 50,000 shares, such
conversion to be effective on the trading day immediately
following such ten day period.  The Series D Preferred Stock has
an 8% dividend, payable annually in cash or stock, at the
discretion of the Company's board of directors.  Each Warrant is
initially exercisable for up to 50 shares of the Company's common
stock at an exercise price of $0.19 per share.

                      About Power Efficiency

Las Vegas, Nev.-based Power Efficiency Corporation (OTC BB: PEFF)
-- http://www.powerefficiency.com/-- is a clean technology
company focused on efficiency technologies for electric motors.

On February 18, 2010, Power Efficiency signed a global supply
agreement with one of the largest manufacturers and service
providers of elevators and escalators.  The OEM tested and
evaluated the Company's product for over a year.  The OEM intends
to include the Company's products as one of the standard motor
control options for new escalators and to offer it as an energy
efficiency retrofit upgrade for existing escalators.  The OEM
produces thousands of new escalators per year out of factories in
Europe and Asia and has service contracts for tens of thousands of
escalators throughout the world.

The Company's balance sheet at March 31, 2010, showed $2.5 million
in total assets and $1.7 million in total liabilities, for a
$758,466 million total stockholders' deficit.

Sobel & Co., LLC, in Livingston, N.J., expressed substantial doubt
about the Company's ability to continue as a going concern.  The
independent auditors noted that the Company has suffered recurring
losses from operations, and the Company has experienced a
deficiency of cash from operations.


REFCO INC: Claims Objection Deadline Extended to Dec. 7
-------------------------------------------------------
At the behest of the Plan Administrators of Refco, Inc., and its
affiliates, Bankruptcy Judge Robert Drain further extended the
deadline within which they may file objections to general
prepetition and administrative claims, through and including
December 7, 2010.

The Claims Objection Deadline expired on June 7, 2010.

The Plan Administrators aver that they continue to reconcile the
remaining outstanding claims filed against their respective
chapter 11 estates, and anticipate filing additional claims
objections or resolving the outstanding claims over the coming
months.

Representing the Plan Administrators, Steven Wilamowsky, Esq., at
Bingham McCutchen LLP, in New York, relates that since the
Petition Date, approximately 14,700 claims, asserting
$150 billion in the aggregate, have been filed against the
estates.  As for the estate of Refco F/X Associates LLC, the Plan
Administrators have reconciled approximately 8,300 unfiled
claims, resulting in a total claims pool of approximately 23,000
claims.

Over the course of the Refco's Chapter 11 cases, approximately
22,900 filed and unfiled claims have been resolved by Court order
or by consent of the parties.  The Plan Administrators currently
have on file pending objections to approximately 60 claims.

Mr. Wilamowsky says that as of May 18, 2010, the Plan
Administrators are aware of only four claims outstanding for
resolution.  The four claims remain outstanding pending (i) the
Litigation Trust's analysis of potential avoidance issues and
coordination with the Plan Administrators; (ii) current ongoing
or proposed settlement discussions even without the filing of an
objection; and (iii) current ongoing arbitration proceedings.

The Plan Administrators believe that all administrative claims
have been resolved.  However, in an abundance of caution, the
Plan Administrators seek to further extend the Administrative
Claims Objection Deadline in the event not all administrative
claims have been fully resolved, according to Mr. Wilamowksy.

The Plan Administrators insist that the requested December 7
Claims Objection Extension will allow the Litigation Trust
sufficient time to analyze potential avoidance issues; work on
the completion of pending or proposed settlement discussions; and
to avoid inadvertent allowance of an invalid claim or
administrative expense by lapse of time.  It will ensure that all
objectionable claims and administrative claims filed have been
identified and addressed appropriately, Mr. Wilamowsky tells
Judge Drain.
The requested Objection Deadlines Extension will complete the
claims reconciliation process and to help ensure that all non-
meritorious claims are appropriately challenged, he adds.
                         Cantor Objects

Cantor Fitzgerald Securities LLC contends that the Plan
Administrators have not established "cause" to extend the Claims
Objection Deadline as to Cantor's proof of claim for $11,193,466.

Francis X. Riley, Esq., at Saul Ewing, LLP, in Princeton, New
Jersey, relates that the Cantor Claim springs from a U.S. Dollar
Fixed Income Transaction Fee Agreement dated April 1, 2004, as
amended, pursuant to a series of related agreements pursuant to
which Cantor provided Refco certain services with respect to
various financial transactions.  Under the Transaction Fee
Agreement, Cantor provided to Refco essential financial services
with respect to electronic trading and purchase or sale
transactions for certain notes, bonds, and treasury swaps.  In
return, Refco was obligated to pay Cantor certain fees.  In July
2005, however, Refco breached the Transaction Fee Agreement by
failing to make the required payments, according to Mr. Riley.

As a result, Cantor filed the Claim in October 2006.  However,
Cantor still has not yet received any distribution on it, and
neither have the Debtors filed an objection, Mr. Riley tells the
Court.

The Plan Administrator has represented that the Cantor Claim
cannot be adjudicated until an underlying arbitration award
involving non-debtor Refco Securities, LLC is determined.
However, the proceeding relating to Cantor's Award against Refco
Securities will be resolved conclusively in a matter of weeks,
according to Mr. Riley.

The Cantor Claim has remained unresolved due to the actions of a
non-debtor, Refco Securities, and the entity charged with winding
down Refco Securities business, Capstone Advisory Group.
Capstone, through Refco Securities, has essentially exercised
absolute control over when the Debtors can file an objection to
the Cantor Claim, let alone resolve the Cantor Claim, Mr. Riley
says.  "Whether the Cantor Claim is allowed or disallowed should
rest within the control of the Debtor, not an interested third
party.  Capstone, through Refco Securities, continued
interference with the Debtors ability to determine and analyze
the Cantor Claim should not be countenanced," Mr. Riley asserts.

Cantor cites that once the Award is confirmed, the Plan
Administrators will be in a position to allow its Claims far
before the December 7, 2010 extension date sought.   Hence, the
extension request as to the Cantor Claim should be denied, Mr.
Riley contends.

                   Plan Administrators Respond

The Plan Administrators aver that Cantor's opposition to the
requested Claims Objection is meritless and should be denied.
Cantor's position -- that until the New York State Action is
resolved, the Cantor Claim remains disputed -- is irrelevant,
says Christopher P. Johnson, Esq., at Kasowitz, Benson, Torres &
Friedman LLP, in New York.

Moreover, Mr. Johnson says, Cantor cannot argue that it will be
prejudiced by the requested extension of the Claims Objection
Deadline.

                         About Refco Inc.

Headquartered in New York, Refco Inc. -- http://www.refco.com/--
was a diversified financial services organization with operations
in 14 countries and an extensive global institutional and retail
client base.  Refco's worldwide subsidiaries were members of
principal U.S. and international exchanges, and were among the
most active members of futures exchanges in Chicago, New York,
London and Singapore.  Refco was also a major broker of cash
market products, including foreign exchange, foreign exchange
options, government securities, domestic and international
equities, emerging market debt, and OTC financial and commodity
products.  Refco was one of the largest global clearing firms for
derivatives.  The Company had operations in Bermuda.

The Company and 23 of its affiliates filed for Chapter 11
protection on October 17, 2005 (Bankr. S.D.N.Y. Case No. 05-
60006).  J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher
& Flom LLP, represented the Debtors in their restructuring
efforts.  Milbank, Tweed, Hadley & McCloy LLP, represented the
Official Committee of Unsecured Creditors.  Refco reported
US$16.5 billion in assets and US$16.8 billion in debts to the
Bankruptcy Court on the first day of its Chapter 11 cases.

The Court confirmed the Modified Joint Chapter 11 Plan of
Refco Inc. and certain of its Direct and Indirect Subsidiaries,
including Refco Capital Markets, Ltd., and Refco F/X Associates,
LLC, on December 15, 2006.  That Plan became effective on Dec. 26,
2006.  Pursuant to the plan, RJM, LLC, was named plan
administrator to reorganized Refco, Inc. and its affiliates, and
Marc S. Kirschner as plan administrator to Refco Capital Markets,
Ltd.

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


REFCO INC: Fraud Victims Reap $135 Million From Executives
----------------------------------------------------------
Preet Bharara, the United States Attorney for the Southern
District of New York, announced the distribution of over
$135 million plus interest in forfeited property traceable to
proceeds of the fraud at the defunct former Manhattan-based
financial services company Refco to victims of that fraud.

The funds were forfeited in criminal actions, as part of the
sentence imposed on individuals convicted of perpetrating the
fraud, and pursuant to settlement agreements with former Refco
insiders who received proceeds of the fraud.

The distribution was made on the recommendation of U.S. Attorney
General Bharara, pursuant to the Attorney General's discretionary
authority under 18 U.S.C. Section 981(e)(6) to grant petitions
for remission.  The Attorney General granted petitions for
remission submitted on behalf of the victims of the Refco fraud
and authorized the transfer of the proceeds of the assets
forfeited in this action and related civil actions, plus accrued
interest.

As alleged in notices of distribution filed on May 26, 2010,
previously filed Indictments, and consent orders of forfeiture,
and as demonstrated by the proof admitted at various criminal
trials:

    Phillip R. Bennett, Tone N. Grant, Santo C. Maggio, Robert
    C. Trosten and others were involved in hiding customer
    trading losses, concealing the firm's proprietary trading
    activities, fraudulently shifting expenses off the books of
    Refco, and artificially padding Refco's revenues in order to
    achieve, through fraud, the 2004 leveraged buyout ("LBO") of
    Refco and the 2005 initial public offering ("IPO") of the
    company's stock.

    From as early as the mid-1990s, Refco sustained hundreds of
    millions of dollars of losses through, among other things,
    its customers' trading. In order to hide the existence
    of the losses, MR. Bennett and others transferred many of
    the losses to appear as a debt owed to Refco by Refco Group
    Holdings, Inc. ("RGHI") -- the holding company that
    controlled Refco and was, in turn, controlled by Mr.
    Bennett, Mr. Grant, and at certain times, Thomas Dittmer.

    Mr. Bennett and others directed a series of transactions
    every year from 1999 through 2005 (and quarterly starting in
    2004) to hide the RGHI receivable from, among others,
    Refco's auditors, by temporarily paying down the receivable
    from RGHI over Refco's fiscal year-end (and, after February
    2004, Refco's quarter-ends) and replacing it with a
    receivable from one or more other entities not related to
    RGHI.  Thus, at every fiscal year-end and, later, at every
    fiscal quarter-end, Mr. Bennett and others directed
    transactions that turned the debt owed to Refco from RGHI
    into a debt owed to Refco by a Refco customer.  Shortly
    after each fiscal year-or quarter-end, these transactions
    were unwound, returning the debt to RGHI.

    In August 2004, Thomas H. Lee Partners, L.P., purchased
    a majority interest in Refco for approximately $1.9 billion
    through an LBO. In connection with that transaction, Refco
    sold approximately $600 million of bonds to the public and
    borrowed approximately $800 million from a syndicate of
    banks.  A year later, in August 2005, Refco conducted an IPO
    of its stock, raising approximately $583 million from the
    public.  Refco's stock was then listed on the New York Stock
    Exchange.

    On October 10, 2005, Refco issued a press release
    announcing, in substance, that it had discovered that it was
    owed a debt of approximately $430 million by an entity
    controlled by Mr. Bennett.  Following release of this
    information, the market price of Refco stock plummeted, and
    Refco's stock was subsequently delisted by the New York
    Stock Exchange.  Refco, Inc., and many of its subsidiaries
    filed petitions in bankruptcy on October 17, 2005.

    Proceeds of Refco's fraudulent LBO were distributed to
    Messrs. Bennett, Grant, Maggio and Trosten, as well as
    certain other former Refco insiders, including Stephen
    Grady, Dennis Klenja, Joseph Murphy, Thomas Dittmer, and
    Frank Mutterer.

    On July 3, 2008, Mr. Bennett, 61, of Gladstone, New Jersey,
    was sentenced to 16 years in prison and ordered to pay a
    $2.4 billion forfeiture money judgment by United States
    District Judge Naomi Reice Buchwald.  Mr. Bennett had
    previously pleaded guilty on February 15, 2008, to all
    twenty charges filed against him.

    Approximately $92,748,348.52 plus interest of the funds in
    This distribution to victims of the Refco fraud were
    forfeited from Mr. Bennett pursuant to the forfeiture order
    entered against him as part of his sentence.

    On December 19, 2007, Mr. Maggio, 58, of Naples, Florida,
    -- a former Executive Vice President of Refco and the former
    President and Chief Executive Officer of Refco Securities
    LLC, a Refco subsidiary -- pleaded guilty before United
    States Magistrate Judge Ronald L. Ellis to a four-count
    Information.  He awaits sentencing.  Approximately
    $14,398,788.74 plus interest of the funds in this
    distribution to victims of the Refco fraud were forfeited
    from Mr. Maggio pursuant to the forfeiture orders entered
    against him.

    On February 20, 2008, Mr. Trosten, 40, of Sarasota, Florida
    -- the former Chief Financial Officer of Refco -- pleaded
    guilty before Judge Buchwald to five counts charged in the
    Indictment against him.  He awaits sentencing.
    Approximately $6,160,278.69 plus interest of the funds in
    this distribution to victims of the Refco fraud were
    forfeited from Mr. Trosten pursuant to the forfeiture orders
    entered against him.

    On April 7, 2008, Mr. Grant, 66, of Chicago, Illinois -- one
    of the former owners of Refco -- was sentenced to 10 years
    in prison by Judge Buchwald after a jury found him guilty on
    all give counts in the Indictment against him.  Mr. Grant
    was also ordered to pay a $2.4 billion forfeiture money
    judgment.

    Approximately $7,863,566.45 plus interest of the funds in
    this distribution to victims of the Refco fraud were
    forfeited from Mr. Grant pursuant to the forfeiture order
    entered against him as part of his sentence.

    In addition to money forfeited in criminal actions, the
    distribution to victims of the Refco fraud includes
    approximately $13,974,426.07 plus interest of funds
    forfeited pursuant to consent orders of forfeiture entered
    into by various former Refco insiders who have not been
    criminally charged in the Southern District of New York in
    connection with the Refco fraud.  More specifically, under
    the terms of these consent orders of forfeiture, the
    Government obtained $1,000,000 from Stephen Grady;
    $1,250,000 from Dennis Klenja; $5,000,000 from Joseph
    Murphy; approximately $6,541.666.62 from Thomas Dittmer who
    has agreed to forfeit a total of $18,000,000; and
    approximately $182,759.45 from Frank Mutterer who has agreed
    to forfeit a total of $950,000.

   The U.S. Attorney General's office also forfeited over
   $437 million from BAWAG P.S.K., formally known as Bank Fur
   Arbeit Und Wirtschaft Und Osterreichische Postparkasse
   Aktiengesellschaft, and the Austrian Trade Unions
   Association, formally known as Osterreichischer
   Gewerkschaftsbund (OGB), which owns BAWAG, as part of an
   agreement not to prosecute the Bank or the OGB for their role
   in assisting Mr. Bennett in his fraudulent scheme. These
   forfeited funds were distributed to victims of the Refco
   fraud in 2006 and 2007.

The Government anticipates forfeiting additional property in the
Refco action and making additional distributions of funds to
representatives of victims of the Refco fraud.

                          *     *    *

U.S. Attorney Preet Bharara stated: "More than just prosecuting
criminals who engage in fraud, this Office strives to return as
much as possible to their victims.  Justice has been rightly
served for the victims of the Refco fraud, where over
$135 million was distributed and restored, in addition to the
$437 million previously distributed.  With the hard work of our
law enforcement partners and our own Asset Forfeiture Unit, the
Southern District of New York will continue to recover as much
money as possible on behalf of the victims of crime."

The case was investigated by the Criminal Investigators
of the Securities and Commodities Fraud Task Force of the United
States Attorney's Office for the Southern District of New York,
along with the United States Postal Inspection Service.  Mr.
Bharara praised the work of those investigators and thanked the
United States Securities and Exchange Commission and the
Commodity Futures Trading Commission for their assistance in the
case.

These forfeiture actions are being handled by the Asset
Forfeiture Unit.  Assistant United States Attorneys Jeffrey
Alberts, Rua Kelly, Amy Lester, and Sharon Cohen Levin are in
charge of the cases.

The case was brought in coordination with President Barack
Obama's Financial Fraud Enforcement Task Force, on which
Mr. Bharara serves as a Co-Chair of the Securities and
Commodities Fraud Working Group.  President Obama established the
interagency Financial Fraud Enforcement Task Force to wage an
aggressive, coordinated, and proactive effort to investigate and
prosecute financial crimes.  The task force includes
representatives from a broad range of federal agencies,
regulatory authorities, inspectors general, and state and local
law enforcement who, working together, bring to bear a powerful
array of criminal and civil enforcement resources.  The task
force is working to improve efforts across the federal executive
branch, and with state and local partners, to investigate and
prosecute significant financial crimes, ensure just and effective
punishment for those who perpetrate financial crimes, combat
discrimination in the lending and financial markets, and recover
proceeds for victims of financial crimes.

                         About Refco Inc.

Headquartered in New York, Refco Inc. -- http://www.refco.com/--
was a diversified financial services organization with operations
in 14 countries and an extensive global institutional and retail
client base.  Refco's worldwide subsidiaries were members of
principal U.S. and international exchanges, and were among the
most active members of futures exchanges in Chicago, New York,
London and Singapore.  Refco was also a major broker of cash
market products, including foreign exchange, foreign exchange
options, government securities, domestic and international
equities, emerging market debt, and OTC financial and commodity
products.  Refco was one of the largest global clearing firms for
derivatives.  The Company had operations in Bermuda.

The Company and 23 of its affiliates filed for Chapter 11
protection on October 17, 2005 (Bankr. S.D.N.Y. Case No. 05-
60006).  J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher
& Flom LLP, represented the Debtors in their restructuring
efforts.  Milbank, Tweed, Hadley & McCloy LLP, represented the
Official Committee of Unsecured Creditors.  Refco reported
US$16.5 billion in assets and US$16.8 billion in debts to the
Bankruptcy Court on the first day of its Chapter 11 cases.

The Court confirmed the Modified Joint Chapter 11 Plan of
Refco Inc. and certain of its Direct and Indirect Subsidiaries,
including Refco Capital Markets, Ltd., and Refco F/X Associates,
LLC, on December 15, 2006.  That Plan became effective on Dec. 26,
2006.  Pursuant to the plan, RJM, LLC, was named plan
administrator to reorganized Refco, Inc. and its affiliates, and
Marc S. Kirschner as plan administrator to Refco Capital Markets,
Ltd.

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


REFCO INC: Litigation Trustee Makes $65MM Distribution
------------------------------------------------------
Marc S. Kirschner, as trustee of the Refco Litigation Trust and
the Refco Private Actions Trust, said on May 18, 2010, that he is
making initial distributions to the beneficiaries of the Trusts
in the aggregate amount of $65,000,000.

On behalf of Mr. Kirschner, Dennis C. O'Donnell, Esq., at
Milbank, Tweed, Hadley & McCloy LLP, in New York, relates that
each of the Trusts was established, effective December 26, 2006,
under the Modified Joint Chapter 11 Plan of Refco Inc. and
certain of its subsidiaries.

The Refco Litigation Trust was specifically established under the
Plan as a Grantor Trust.  Estate claims and actions against
various former officers, lawyers, accountants, and numerous other
third parties were transferred to the Refco Litigation Trust.

The Refco Private Actions Trust was also established under the
Plan as a Grantor Trust.  Claims and actions against various
former officers, lawyers, accountants, and numerous other third
parties were "assigned" to the Refco Private Actions Trust by
certain electing creditors and shareholders.

Interests in each Trust were distributed on August 24, 2007, to
holders of Allowed Claims in the specified creditor classes or
who had made the Private Actions Trust Election based on the
holders of record at the time.

These creditor classes under the Plan have Tranche A Litigation
Trust or Private Actions Trust Interests in the Trusts:

  * Class 5(a) -- Contributing Debtors General Unsecured Claims
  * Class 5(a) -- FXA General Unsecured Claims
  * Class 3 -- RCM FX/Unsecured Claims
  * Class 4 -- RCM Securities Customer Claims

Under the Plan, holders of Allowed Old Equity Interests who made
the Private Actions Trust Election in connection with a
settlement entered into with the Equity Committee hold Tranche B
Litigation Trust Interests in the Refco Litigation Trust and
Tranche B Private Actions Trust Interests in the Refco Private
Actions Trust, which interests entitle the holders thereof to 3%
of the first $500 million of Combined Recoveries, 7.5% of the
Combined Recoveries greater than $500 million and 15% of the
Combined Recoveries greater than $1 billion, Mr. O'Donnell
explains.

                    Initial Distribution

The Litigation Trustee's initial distribution of $65 million is
comprised of the proceeds of various claim settlements and the
disgorgement of funds paid to the Trusts by the United States
government, after deduction for:

  (i) all accrued fees and expenses;

(ii) repayment of the advances to the Trusts provided for under
      the Plan; and

(iii) appropriate reserves for ongoing administrative expenses,
      including fees and expenses of all professionals retained
      by the Trusts.

The settlement and disgorgement funds derive from the release or
resolution of claims involving both Trusts.  Pursuant to the
applicable provisions of the Trust Agreements, the proceeds of
the settlements and the disgorgement funds have been divided
equally between the Trusts.  Hence, $32,500,000 is being
distributed among the holders of interests in each Trust.

Distributions are being made pro rata, based on the number of
Litigation Trust Interests or Private Actions Trust Interests
held by each Trust Beneficiary, with (i) 97% of the distribution
from each Trust being made to holders of Tranche A Litigation
Trust or Private Action Trust Interests; and (ii) 3% of the
distribution from each Trust is being made to holders of Tranche
B Litigation Trust or Private Actions Trust Interests.

After reserving for Disputed Claims, the Refco Litigation Trust
is making a distribution of:

  (i) 1.408% of Allowed Class 5(a) Contributing Debtors General
      Unsecured Claims, Class 5a FXA General Unsecured Claims,
      and Class 3 RCM FX/Unsecured Claims; and

(ii) 0.365% of Allowed Class 4 RCM Securities Customer Claims
      -- a 1.408% distribution on account of Class 4 RCM
      Securities Customer Claims' Implied Deficiency Claim, as
      defined in the Plan.

After reserving for Disputed Claims, the Refco Private Actions
Trust is making a distribution of:

  (i) 1.589% of Allowed Class 5(a) Contributing Debtors General
      Unsecured Claims, Class 5a FXA General Unsecured Claims,
      and Class 3 RCM FX/Unsecured Claims; and

(ii) 0.412% of Allowed Class 4 RCM Securities Customer Claims
      -- a 1.589% distribution on account of Class 4 RCM
      Securities Customer Claims' Implied Deficiency Claim.

Notwithstanding any contract or agreement any Trust Beneficiary
may have subsequently entered into regarding its economic rights
to recoveries with respect to its Allowed Claim or Interest, the
Trust continues to reflect only the holders of record on the
applicable record date.  Therefore, a Trust Beneficiary may have
an obligation to turn over amounts it receives from this
distribution to any party it may have contracted with, says Mr.
O'Donnell.

The Trustee of each Trust is continuing to pursue other claims
and actions against various parties on behalf of the Trusts.  In
addition, the Refco Plan Administrator and the RCM Plan
Administrator continue to review and resolve other claims.

Additional funds may become available for distribution to
beneficiaries of the Trusts and therefore, the Refco Litigation
Trustee and the Refco Private Actions Trustee may make additional
distributions from time to time on account of Allowed Claims and
Old Equity Interests, Mr. O'Donnell tells Judge Drain.

                         About Refco Inc.

Headquartered in New York, Refco Inc. -- http://www.refco.com/--
was a diversified financial services organization with operations
in 14 countries and an extensive global institutional and retail
client base.  Refco's worldwide subsidiaries were members of
principal U.S. and international exchanges, and were among the
most active members of futures exchanges in Chicago, New York,
London and Singapore.  Refco was also a major broker of cash
market products, including foreign exchange, foreign exchange
options, government securities, domestic and international
equities, emerging market debt, and OTC financial and commodity
products.  Refco was one of the largest global clearing firms for
derivatives.  The Company had operations in Bermuda.

The Company and 23 of its affiliates filed for Chapter 11
protection on October 17, 2005 (Bankr. S.D.N.Y. Case No. 05-
60006).  J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher
& Flom LLP, represented the Debtors in their restructuring
efforts.  Milbank, Tweed, Hadley & McCloy LLP, represented the
Official Committee of Unsecured Creditors.  Refco reported
US$16.5 billion in assets and US$16.8 billion in debts to the
Bankruptcy Court on the first day of its Chapter 11 cases.

The Court confirmed the Modified Joint Chapter 11 Plan of
Refco Inc. and certain of its Direct and Indirect Subsidiaries,
including Refco Capital Markets, Ltd., and Refco F/X Associates,
LLC, on December 15, 2006.  That Plan became effective on Dec. 26,
2006.  Pursuant to the plan, RJM, LLC, was named plan
administrator to reorganized Refco, Inc. and its affiliates, and
Marc S. Kirschner as plan administrator to Refco Capital Markets,
Ltd.

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


RESIDENCE FOR RENAL: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: Residence for Renal Care at Shadyside, Ltd.
        438 South Fairmount Street
        Pittsburgh, PA 15232

Bankruptcy Case No.: 10-05235

Chapter 11 Petition Date: June 24, 2010

Court: United States Bankruptcy Court
       Middle District of Pennsylvania (Harrisburg)

Judge: Mary D. France

Debtor's Counsel: Robert E. Chernicoff, Esq.
                  Cunningham and Chernicoff PC
                  2320 North Second Street
                  Harrisburg, PA 17110
                  Tel: (717) 238-6570
                  Fax: (717) 238-4809
                  E-mail: rec@cclawpc.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 J. Gregory Cauterucci, Sr., company
president.


RHYNE'S ANTIQUES: Case Summary & 6 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Rhyne's Antiques, LLC
        aka Rhyne's Antiques 2, LLC
        523 South Elm Street
        Greensboro, NC 27406

Bankruptcy Case No.: 10-11165

Chapter 11 Petition Date: June 24, 2010

Court: United States Bankruptcy Court
       Middle District of North Carolina (Greensboro)

Debtor's Counsel: Rayford K. Adams, III, Esq.
                  101 W. Friendly Ave., Suite 500
                  P.O. Box 20570
                  Greensboro, NC 27420
                  Tel: (336) 273-1600
                  E-mail: RKAdams@greensborolaw.com

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

Estimated Debts: $0 to $50,000,000

A list of the Company's 6 largest unsecured creditors  filed
together with the petition is available for free at
http://bankrupt.com/misc/ncmb10-11165.pdf

The petition was signed by Richard W. Rhyne, member/manager.


RHYNESTONE INC: Case Summary & 3 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Rhynestone, Inc.
        110 Fisher Park Circle
        Greensboro, NC 27401

Bankruptcy Case No.: 10-11164

Chapter 11 Petition Date: June 24, 2010

Court: United States Bankruptcy Court
       Middle District of North Carolina (Greensboro)

Debtor's Counsel: Rayford K. Adams, III, Esq.
                  101 W. Friendly Ave., Suite 500
                  P.O. Box 20570
                  Greensboro, NC 27420
                  Tel: (336) 273-1600
                  E-mail: RKAdams@greensborolaw.com

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

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

A list of the Company's 3 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ncmb10-11164.pdf

The petition was signed by Richard W. Rhyne, company's president.


RICHARD HOUNG: Case Summary & 4 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Richard Yin-Ching Houng
          aka Richard Houng
        20 Early Light
        Irvine, CA 92620

Bankruptcy Case No.: 10-18712

Chapter 11 Petition Date: June 25, 2010

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

Judge: Theodor Albert

Debtor's Counsel: Leonard M. Shulman, Esq.
                  Shulman Hodges & Bastian LLP
                  26632 Towne Ctr Drive, Suite 300
                  Foothill Ranch, CA 92610
                  Tel: (949) 340-3400
                  Fax: (949) 340-3000
                  E-mail: lshulman@shbllp.com

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

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

A copy of the Debtor's list of 4 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/cacb10-18712.pdf

The petition was signed by the Debtor.

Debtor-affiliates filing separate Chapter 11 petition:

        Entity                           Case No.    Petition Date
        ------                           --------    -------------
Nexis, Inc., a California corporation    --               06/25/10


SAC II: Files Schedules of Assets and Liabilities
-------------------------------------------------
SAC II filed with the U.S. Bankruptcy Court for the District of
Nevada its schedules of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $40,955,000
  B. Personal Property                    $0
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $75,430,979
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                           $31,915
                                 -----------      -----------
        TOTAL                    $40,955,000      $75,462,894

Reno, Nevada-based SAC II filed for Chapter 11 bankruptcy
protection on April 20, 2010 (Bankr. D. Nev. Case No. 10-51440).
Sallie B. Armstrong, Esq., who has an office in Reno, Nevada,
assists the Company in its restructuring effort.  The Company
listed $10,000,001 to $50,000,000 in assets and $1,000,001 to
$10,000,000 in liabilities.

These affiliates filed separate Chapter 11 petition:

       Entity                     Case No.         Petition Date
       ------                     --------         -------------
Specialty Trust, Inc.              10-51432            04/20/10
  Assets: $100 mil. to $500 mil.
  Debts: $50 mil. to $100 mil.
Specialty Acquisition Corp.        10-51437            04/20/10
  Assets: $10 mil. to $50 mil.
  Debts: $10 mil. to $50 mil.


SECURITY BENEFIT: S&P Keeps 'BB+' Counterparty Credit Rating
------------------------------------------------------------
Standard & Poor's Ratings Services said that it is keeping its
'BB+' counterparty credit and financial strength ratings on
Security Benefit Life Insurance Co. and its affiliate, First
Security Benefit Life Insurance and Annuity Co. of New York, on
CreditWatch with positive implications.  S&P initially placed the
ratings on CreditWatch positive on Feb. 16, 2010.

"S&P is keeping its ratings on SBLIC and FSBLIC-NY on CreditWatch
positive following the announcement that more than 90% of Security
Benefit Mutual Holding Co.'s members approved the demutualization
and dissolution plan," said Standard & Poor's credit analyst
Jeremy Rosenbaum.  "This paves the way for GP to purchase SBC."

S&P raised its ratings on SBLIC and its affiliate by one notch on
Feb. 26 to reflect SBLIC's announcement that a group of investors,
led by Guggenheim Partners, indirectly contributed $175 million of
capital to SBLIC.  The contribution followed a Feb. 16
announcement that GP had entered into a definitive agreement to
purchase SBC, SBLIC's parent company.

Although all the terms of the transaction were not disclosed,
Standard & Poor's believes that this transaction will ultimately
remedy a capital deficiency at SBLIC and give SBC access to
additional financial resources through GP.  Limited capital
constrained SBLIC's sales in 2009.  But, in 2010, S&P expects that
SBLIC, with fresh capital, will be able to execute on its growth
strategy in core 403(b) markets, a traditional stronghold of the
company.

S&P likely will resolve the CreditWatch upon the completion of the
transaction, which is expected to occur in the third quarter of
2010.  "S&P expects that if SBLIC replenishes its capital to
historically high levels after the transaction is completed, S&P
could raise its ratings on the company by up to three notches,"
said Mr. Rosenbaum.  S&P also expects that GP will inject about
$175 million of capital into SBLC once the transaction closes.
"The approval of both the Kansas Insurance Department and Security
Benefit Mutual Holding Co.'s members leads us to believe that it
is extremely likely that the transaction between SBLIC and GP will
occur," said Mr. Rosenbaum.  "However, if for some reason it is
not completed, S&P could lower its ratings on SBLIC, most likely
by two notches."


SOURCEGAS LLC: Moody's Affirms 'Ba2' Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service affirmed SourceGas LLC's Ba2 Corporate
Family Rating and Ba1 senior unsecured debt rating and changed the
rating outlook of SourceGas LLC to positive from stable.

"The change in SourceGas' outlook to positive reflects Moody's
expectation for continued improvement in the company's operating
performance and related key financial metrics" said Natividad
Martel.  "The action also considered SourceGas' recent disposal of
its international operations and a renewed focus on its US-based
regulated businesses" added Martel.

The gradual improvement of SourceGas' consolidated financial
performance (including Holdings' debt) has been driven by the 2008
Colorado rate hike and the successful integration of Arkansas
Western Gas, coupled with several expense reduction initiatives.
Specifically, during 2009, SourceGas' CFO pre-W/C to debt and CFO
pre-W/C interest coverage was about 13% and 3.5x, respectively, an
improvement over previous years.  However, Moody's also observe
that 2007-2009 average metrics remain indicative of a Ba rating;
specifically, SourceGas' 2007-2009 ratio of CFO pre-W/C to debt
and CFO pre-W/C interest coverage averaged 5.3% and 2x,
respectively, and its ratio of consolidated debt to total
capitalization exceeded 65%.  Further improvement in key metrics
is expected to be driven by supportive rate case outcomes in
Wyoming and Colorado, particularly, in terms of the rate design.

That being said, SourceGas' ratings remain constrained by its
leverage profile, acquisitive nature and a below average
regulatory environment in Nebraska.  Furthermore, while the
$9 million of proceeds from the sale of its international assets
were distributed to its sponsors in the form of a dividend, the
positive outlook incorporates the belief that future acquisitions
will be focused on assets within SourceGas's current business
segments and financing for those transactions will be credit
neutral.

Moody's will continue to monitor the outcome of the ongoing and
planned rate cases as well as the pending court decision in the
litigated Nebraska rate case, the company's corporate strategy,
liquidity and its ability to sustain its credit metrics in
considering any further rating actions.

Moody's last rating action on SourceGas occurred June 26, 2008,
when the senior unsecured debt rating of SourceGas was downgraded
to Ba1 and a CFR of Ba2 was assigned.

Headquartered in Lakewood, Colorado, SourceGas is an intermediate
holding company, whose operating subsidiaries provide retail
natural gas distribution services, and operate intrastate
transmission pipelines as well as storage facilities in Arkansas,
Colorado, Nebraska and Wyoming.  Furthermore, SourceGas's wholly
owned subsidiary Rocky Mountain Natural Gas LLC offers regulated
wholesale natural gas services mainly to affiliate SourceGas
Distribution LLC, and natural gas liquid sales processed through
two natural gas processing plants.  RMNG owns 40% of one of the
processing plants, while the second one is wholly owned by
SourceGas Energy Services, another SourceGas subsidiary.  SGES
comprises the group's non-regulated operations (about 8% of the
consolidated gross margin) that consist mainly of unbundled
natural gas (under the Choice Program) to retail customers in
Wyoming and Nebraska.


SOUTHERN CYPRESS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Southern Cypress And Lumber, Inc.
        P.O. Box 576
        5201 Bowden Street
        Frisco City, AL 36445

Bankruptcy Case No.: 10-02910

Chapter 11 Petition Date: June 25, 2010

Court: U.S. Bankruptcy Court
       Southern District of Alabama (Mobile)

Debtor's Counsel: Marion E. Wynne, Jr., Esq.
                  P.O. BOX 1367
                  Fairhope, AL 36532-1367
                  Tel: (251) 928-1915
                  Fax: (251) 928-1967
                  E-mail: twynne@wbbwlaw.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
$2,898,043 while debts total $2,718,366.

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/alsb10-02910.pdf

The petition was signed by Jeff Baggett, president.


SPECIALTY ACQUISITION: Files Schedules of Assets and Liabilities
----------------------------------------------------------------
Specialty Acquisition Corp. filed with the U.S. Bankruptcy Court
for the District of Nevada its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                $3,780,000
  B. Personal Property           $10,635,390
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $5,562,457
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $52,577,940
                                 -----------      -----------
        TOTAL                    $14,415,390      $58,140,397

Reno, Nevada-based Specialty Acquisition Corp. filed for Chapter
11 bankruptcy protection on April 20, 2010 (Bankr. D. Nev. Case
No. 10-51437).  Sallie B. Armstrong, Esq., at Downey Brand,
assists the Company in its restructuring effort.  The Company
estimated its assets and debts at $10,000,001 to $50,000,000.

These affiliates filed separate Chapter 11 petitions:

       Entity                     Case No.         Petition Date
       ------                     --------         -------------
Specialty Trust, Inc.              10-51432            04/20/10
Assets: $100 mil. to $500 mil.
Debts: $50 mil. to $100 mil.
SAC II                             10-51440            04/20/10
Assets: $10 mil. to $50 mil.
Debts: $1 mil. to $10 mil.


SPECIALTY TRUST: Files Schedules of Assets and Liabilities
----------------------------------------------------------
Specialty Trust, Inc., filed with the U.S. Bankruptcy Court for
the District of Nevada its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                $5,497,728
  B. Personal Property          $191,454,727
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $66,171,977
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $42,724,659
                                 -----------      -----------
        TOTAL                   $195,952,455     $108,896,636

Reno, Nevada-based Specialty Trust, Inc., filed for Chapter 11
bankruptcy protection on April 20, 2010 (Bankr. D. Nev. Case No.
10-51432).  Sallie B. Armstrong, Esq., at Downey Brand, assists
the Company in its restructuring effort.  The Company listed
$100,000,001 to $500,000,000 in assets and $50,000,001 to
$100,000,000 in liabilities.

These affiliates filed separate Chapter 11 petition:

                                                Petition
  Debtor                              Case No.     Date
  ------                              --------     ----
Specialty Acquisition Corp.            10-51437  04/20/10
  Assets: $10 mil. to $50 mil.
  Debts: $10 mil. to $50 mil.
SAC II                                 10-51440  04/20/10
  Assets: $10 mil. to $50 mil.
  Debts: $1 mil. to $10 mil.


SPRINGBOK SERVICES: Section 341(a) Meeting Scheduled for July 26
----------------------------------------------------------------
The U.S. Trustee for Region 19 will convene a meeting of Springbok
Services, Inc.'s creditors on July 26, 2010, at 1:00 p.m.  The
meeting will be held at U.S. Custom House, 721 19th Street, Room
104, Denver, CO 80202.

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.

Englewood, Colorado-based Springbok Services, Inc., fka The Best
Present Company, Inc.; and fdba Springbok Card Processing
Services, fka Springbok Card Processing Services, Inc., filed for
Chapter 11 bankruptcy protection on June 18, 2010 (Bankr. D. Colo.
Case No. 10-25285).  Duncan E. Barber, Esq., who has an office in
Denver, Colorado, assists the Company in its restructuring effort.
The Company estimated its assets and debts at $10,000,001 to
$50,000,000.


SPRINGBOK SERVICES: Taps Bieging Shapiro as Bankruptcy Counsel
--------------------------------------------------------------
Springbok Services, Inc., has asked for authorization from the
U.S. Bankruptcy Court for the District of Colorado to employ
Bieging Shapiro & Burrus LLP as bankruptcy counsel.

Bieging Shapiro will, among other things:

     a. aid the Debtor in the development of a plan of
        reorganization under Chapter 11;

     b. file petitions, schedules, pleadings, reports, and actions
        which may be required in the continued administration of
        the Debtor's property under Chapter 11 and in the course
        of the Debtor's Chapter 11 proceedings;

     c. take necessary actions to enjoin and stay until final
        decree herein continuation of pending proceedings and to
        enjoin and stay until final decree herein commencement of
        lien foreclosure proceedings; and

     d. analyze claims and causes of action of the Debtor and to
        object to claims and commence and prosecute adversary
        proceedings as necessary in the administration of the
        case.

Bieging Shapiro will be paid based on the hourly rates of its
personnel:

        Duncan E. Barber                 $350
        Steven T. Mulligan               $285

Duncan E. Barber, a partner at Bieging Shapiro, assures the Court
that the firm is "disinterested" as that term is defined in
Section 101(14) of the Bankruptcy Code.

Englewood, Colorado-based Springbok Services, Inc., fka The Best
Present Company, Inc.; and fdba Springbok Card Processing
Services, fka Springbok Card Processing Services, Inc., filed for
Chapter 11 bankruptcy protection on June 18, 2010 (Bankr. D. Colo.
Case No. 10-25285).  The Company estimated its assets and debts at
$10,000,001 to $50,000,000.


SPRINGBOK SERVICES: Wants to Hire JAS as Restructuring Advisor
--------------------------------------------------------------
Springbok Services, Inc., has asked for authorization from the
U.S. Bankruptcy Court for the District of Colorado to employ JAS
Services, LLC, and its principal, James A. Skelton as
restructuring advisor for the Debtor.

JAS will, among other things, provide these services:

     a. full operational and financial control and management of
        the Company;

     b. direct the current managers, officers and employees as to
        the operations of the Company;

     c. serve as the principal contact with the Debtor's Lenders
        and creditors, and provide assistance in discussions with
        other creditors and stakeholders with respect to the
        Company's financial and operational matters, including the
        Company's actual versus budgeted performance for any cash
        budget that may have been developed by the Company and
        approved by the Lenders; and

     d. request advances from the Lenders on financial terms
        determined to be appropriate by JAS.

JAS will be compensated based on its restructuring advisory
engagement with the Debtor, a copy of which is available for free
at http://ResearchArchives.com/t/s?6587

James A. Skelton, managing member of JAS, assures the Court that
the firm is "disinterested" as that term is defined in Section
101(14) of the Bankruptcy Code.

Englewood, Colorado-based Springbok Services, Inc., fka The Best
Present Company, Inc.; and fdba Springbok Card Processing
Services, fka Springbok Card Processing Services, Inc., filed for
Chapter 11 bankruptcy protection on June 18, 2010 (Bankr. D. Colo.
Case No. 10-25285).  Duncan E. Barber, Esq., who has an office in
Denver, Colorado, assists the Company in its restructuring effort.
The Company estimated its assets and debts at $10,000,001 to
$50,000,000.


SPRINGBOK SERVICES: Wants to Hire Epiq as Claims & Noticing Agent
-----------------------------------------------------------------
Springbok Services, Inc., has sought permission from the U.S.
Bankruptcy Court for the District of Colorado to employ Epiq
Bankruptcy Solutions, LLC, as claims, noticing and balloting
agent.

Epiq will, among other things:

     a. maintain the creditor matrix;

     b. serve required notices;

     c. update the Agent's claim database to reflect undeliverable
        or changed addresses; and

     d. maintain a copy of the schedule of assets and liabilities
        and statement of financial affairs that the Debtor filed
        with the Court, listing the Debtor's known creditors and
        the amounts owed thereto and provide assistance in
        preparing the same if requested by the Debtor.

Epiq will be compensated based on its services agreement with the
Debtor.  A copy of the agreement is available for free at:

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

Daniel McElhinney, the executive director of Epiq, assures the
Court that the firm is "disinterested" as that term is defined in
Section 101(14) of the Bankruptcy Code.

Englewood, Colorado-based Springbok Services, Inc., fka The Best
Present Company, Inc.; and fdba Springbok Card Processing
Services, fka Springbok Card Processing Services, Inc., filed for
Chapter 11 bankruptcy protection on June 18, 2010 (Bankr. D. Colo.
Case No. 10-25285).  Duncan E. Barber, Esq., who has an office in
Denver, Colorado, assists the Company in its restructuring effort.
The Company estimated its assets and debts at $10,000,001 to
$50,000,000.


STARKEY CHEMICAL: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Starkey Chemical Process Company
        9600 West Ogden Avenue
        La Grange, IL 60525-2534

Bankruptcy Case No.: 10-28520

Chapter 11 Petition Date: June 25, 2010

Court: U.S. Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Jack B. Schmetterer

Debtor's Counsel: Ariane Holtschlag, Esq.
                  E-mail: lawyers@ggl-law.com
                  David P Lloyd, Esq.
                  E-mail: dlloyd@ggl-law.com
                  Grochocinski, Grochocinski & Lloyd, Ltd.
                  1900 Ravinia Place
                  Orland Park, IL 60462
                  Tel: (708) 226-2700
                  Fax: (708) 226-9030

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
$472,254 while debts total $1,451,054.

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/ilnb10-28520.pdf

The petition was signed by Linda K. Yates, president.


STERLING ESTATES: Court Fixes August 16 as Claims Bar Date
----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
established August 16, 2010, as the last day for any individual or
entity to file proofs of claim against Sterling Estates (Delaware)
LLC.

Proofs of claim must be filed with:

   Clerk of the U.S. Bankruptcy Court
   219 S. Dearborn St., Room 713
   Chicago, IL 60604

All objections to the filed claims are due on September 30.

Chicago, Illinois-based Sterling Estates (Delaware), LLC, a
Delaware Limited Liability Company, dba Sterling Estates
Manufactured Home Community, filed for Chapter 11 bankruptcy
protection on May 17, 2010 (Bankr. N.D. Ill. Case No. 10-22319).
Eugene Crane, Esq., at Crane Heyman Simon Welch & Clar, assists
the Company in its restructuring effort.  The Company listed
$50,000,001 to $100,000,000 in assets and $10,000,001 to
$50,000,000 in liabilities.


STERLING ESTATES: Has Access to Wells Fargo's Cash Until July 30
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
approved a stipulation authorizing Sterling Estates (Delaware)
LLC, to access the cash collateral until 11:59 p.m. on July 30,
2010.

A hearing to consider the Debtor's continued cash collateral use
will be held on July 29, at 1:00 p.m.  Objections, if any, are due
on July 29.

Wells Fargo Bank, N.A., as Trustee for the registered holders of
Banc of America Commercial Mortgage Inc., Commercial Mortgage
Pass-Through Certificates, Series 2003-2, by and through its
special servicer ORIX Capital Markets LLC, asserts an interest in
the proceeds from the collection of rents, prepetition accounts
and other cash collateral.

As of the petition date, the trust asserts that the Debtor owed,
under the prepetition loan documents, $36,700,731 plus unpaid
interest, costs, expenses and other charges.

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

As reported in the Troubled Company Reporter on June 9, in
exchange for using the cash collateral:

     (i) Wells Fargo will be allowed to permit the lender to
         inspect the Debtor's books and records;

    (ii) the Debtor will maintain and pay premiums for insurance
         to cover its assets from fire, theft and water damage;

   (iii) the Debtor will make available to the lender evidence of
         that which constitutes its collateral or proceeds; and

    (iv) the Debtor will property maintain its assets in good
         repair and properly manage assets.

                     About Sterling Estates

Chicago, Illinois-based Sterling Estates (Delaware), LLC, a
Delaware Limited Liability Company, dba Sterling Estates
Manufactured Home Community, filed for Chapter 11 bankruptcy
protection on May 17, 2010 (Bankr. N.D. Ill. Case No. 10-22319).
Eugene Crane, Esq., at Crane Heyman Simon Welch & Clar, assists
the Company in its restructuring effort.  The Company listed
$50,000,001 to $100,000,000 in assets and $10,000,001 to
$50,000,000 in liabilities.


STERLING ESTATES: Files Schedules of Assets and Liabilities
-----------------------------------------------------------
Sterling Estates (Delaware) LLC filed with the U.S. Bankruptcy
Court for the Northern District of Illinois its schedules of
assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $62,000,000
  B. Personal Property              $585,126
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $36,406,887
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $620,901
                                 -----------      -----------
        TOTAL                    $62,585,126      $37,027,788

Chicago, Illinois-based Sterling Estates (Delaware), LLC, a
Delaware Limited Liability Company, dba Sterling Estates
Manufactured Home Community, filed for Chapter 11 bankruptcy
protection on May 17, 2010 (Bankr. N.D. Ill. Case No. 10-22319).
Eugene Crane, Esq., at Crane Heyman Simon Welch & Clar, assists
the Company in its restructuring effort.  The Company listed
$50,000,001 to $100,000,000 in assets and $10,000,001 to
$50,000,000 in liabilities.


STEVEN BATES: Case Summary & 15 Largest Unsecured Creditors
-----------------------------------------------------------
Joint Debtors: Steven J. Bates
               Victoria Bates
               105 Audubon Place
               Hailey, ID 83333

Bankruptcy Case No.: 10-41137

Chapter 11 Petition Date: June 24, 2010

Court: U.S. Bankruptcy Court
       District of Idaho (Twin Falls)

Debtor's Counsel: Erin J. Wynne, Esq.
                  Wynne Law PLLC
                  P.O. Box 1771
                  950 W Bannock Street, Suite 900
                  Boise, ID 83701
                  Tel: (208) 991-0791
                  Fax: (208) 473-2043
                  E-mail: wynnelawidaho@gmail.com

Estimated Assets: $50,001 to $100,000

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

According to the schedules, the Debtor says that assets total
$1,205,084 while debts total $1,353,723.

A copy of the Debtor's list of 15 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/idb10-41137.pdf

The petition was signed by the Joint Debtors.


STEVENSON TELO: Case Summary & 5 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Stevenson Telo
        118 Spring Hill Avenue
        Norwalk, CT 06850

Bankruptcy Case No.: 10-51472

Chapter 11 Petition Date: June 24, 2010

Court: U.S. Bankruptcy Court
       District of Connecticut (Bridgeport)

Judge: Alan H.W. Shiff

Debtor's Counsel: Mark M. Kratter, Esq.
                  Kratter & Gustafson, LLC
                  71 East Avenue, Suite O
                  Norwalk, CT 06851
                  Tel: (203) 853-2312
                  E-mail: laws4ct@aol.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
$1,162,460 while debts total $1,624,000.

A copy of the Debtor's list of 5 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/ctb10-51472.pdf

The petition was signed by the Debtor.


SUMNER REGIONAL: Sale to LifePoint Formally Approved
----------------------------------------------------
Bill Rochelle at Bloomberg News reports that a bankruptcy judge in
Nashville, Tennessee, entered an order approving the sale of
Sumner Regional Health Systems' four acute-care hospitals for
$154.1 million, despite objections by Sumner County.  LifePoint
Hospitals Inc., which already has 48 hospitals in 17 states, is
the buyer of Sumner Regional's facility.  The bankruptcy judge
wrote an opinion explaining why the county's sale of the hospital
in 1994 bestowed no power to block a sale now.

Gallatin, Tennessee-based Sumner Regional Health Systems, Inc. --
dba Sumner Regional Medical Center, SRHS Professional Services,
Sumner Station, Sumner In-Patient Rehabilitation Unit,
Westmoreland Pharmacy, Imaging for Women at Sumner Station,
Diagnostic Center at Sumner Station, Outpatient Rehab Services at
Sumner Station, The Fitness Center at Sumner Station, Sumner
Crossroads, and Executive House Apartments -- filed for Chapter 11
bankruptcy protection on April 30, 2010 (Bankr. M.D. Tenn. Case
No. 10-04766).  Robert A. Guy, Esq., at Frost Brown Todd LLC,
assists the Company in its restructuring effort.  The Company
estimated its assets and debts at $100,000,001 to $500,000,000.


SUNDANCE SELF-STORAGE: Case Summary & Creditors List
----------------------------------------------------
Debtor: Sundance Self-Storage-El Dorado LP
        117 Church Street
        Roseville, CA 95678

Bankruptcy Case No.: 10-36676

Chapter 11 Petition Date: June 25, 2010

Court: U.S. Bankruptcy Court
       Eastern District of California (Sacramento)

Judge: Robert S. Bardwil

Debtor's Counsel: C. Anthony Hughes, Esq.
                  1395 Garden Highway, Suite 150
                  Sacramento, CA 95833
                  Tel: (916) 440-6666

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
$4,395,200 while debts total $6,427,757.

A copy of the Debtor's list of 14 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/caeb10-36676.pdf

The petition was signed by Don Smith, manager of operations.


SWIFT MASTER: Accounts Removal Won't Affect Moody's Ba3 Rating
--------------------------------------------------------------
Moody's has reviewed documentation relating to a removal of
accounts from SWIFT Master Auto Receivables Trust.  Ally
Financial, the sponsor of the trust, has removed 1,028 dealer
accounts.  As a result, Series 2007-2 issued by SWIFT will no
longer have an interest in receivables from these accounts or
related collateral security.  Series 2007-2 will continue to have
rights to the remaining 593 dealer accounts, their receivables and
related collateral security in order to support the outstanding
series.  The other portfolio characteristics are substantially
unchanged after giving effect to the removal of accounts.  At this
time, the removal of accounts will not, in and of itself, result
in a reduction or withdrawal of the current ratings on the Series
2007-2 Class A Notes of Aa2, Class B Notes of A3, Class C Notes of
Ba1, and Class D Notes of Ba3.

Moody's ratings address only the credit risks associated with the
transaction.  Other non-credit risks have not been addressed, but
may have significant effect on yield and/or other payments to
investors.  The affirmation of Moody's ratings should not be taken
to imply that there will be no adverse consequences for investors
since in some cases such consequences will not impact the rating.


TANIA HUNTER: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Tania Lynn Hunter
        Harold Hunter, Jr.
        309 Hunters Lane
        Hendersonville, TN 37075

Bankruptcy Case No.: 10-06618

Chapter 11 Petition Date: June 25, 2010

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

Debtor's Counsel: William Alan Alder, Esq.
                  1230 Second Avenue, South
                  Nashville, TN 37210
                  Tel: (615) 244-2445
                  Fax: (615) 255-6037
                  E-mail: alanalder@thealderlawfirm.com

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

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/tnmb10-06618.pdf

The petition was signed by Tania Lynn Hunter and Harold Hunter,
Jr.


TAYLOR BEAN: Committee Wants to Preserve D&O Policy
---------------------------------------------------
Bill Rochelle at Bloomberg News reports that the official
committee of unsecured creditors formed in the Chapter 11 case of
Taylor Bean & Whitaker Mortgage Corp. is opposing a request by
National Union Fire Insurance Co. of Pittsburgh, Pa., to make
disbursements for defense costs from the $5 million policy
providing directors' and officers' liability insurance coverage.
Those who made claims for coverage include Lee Farkas, the former
chairman of Taylor Bean.  Mr. Farkas was indicted for concealing
mortgage assets that were worthless or losing value and
representing them as being securitized and sold into the secondary
market.

The Creditors Committee, according to the report, pointed out that
the Company itself is an insured under the policy. Unlike
situations were only directors and officers may draw on the
policy, the committee believes the policy should be left intact so
individuals don't deplete the policy before Taylor Bean can make
its own claims.

The hearing on the motion by National Union, a subsidiary of
American International Group Inc., is set for July 2.

                        About Taylor, Bean

Taylor, Bean & Whitaker Mortgage Corp. is a 27-year-old company
that grew from a small Ocala-based mortgage broker to become one
of the largest mortgage bankers in the United States.  In 2009,
Taylor Bean was the country's third largest direct-endorsement
lender of FHA-insured loans of the largest wholesale mortgage
lenders and issuer of mortgage backed securities.  It also managed
a combined mortgage servicing portfolio of approximately
$80 billion.  The company employed more that 2,000 people in
offices located throughout the United States.

Taylor Bean filed for Chapter 11 on August 24 (Bankr. M.D. Fla.
Case No. 09-07047). Taylor Bean filed under Chapter 11 three weeks
after federal investigators searched its offices.  The day
following the search, the Federal Housing Administration, Ginnie
Mae and Freddie Mac prohibited the company from issuing new
mortgages and terminated servicing rights.

Taylor Bean has more than $1 billion of both assets and
liabilities, and between 1,000 and 5,000 creditors, according to
the bankruptcy petition.


TEREX CORPORATION: Moody's Affirms 'B2' Corporate Family Ratings
----------------------------------------------------------------
Moody's Investors Service upgraded Terex Corporation's Speculative
Grade Liquidity Rating to SGL-2 from SGL-3 and affirmed the
company's Corporate Family and Probability of Default Ratings at
B2.  Although Moody's affirmed the majority of the company's
instrument ratings, the company's $300 million 7 3/8% subordinated
notes were downgraded to B1 from Ba3.  The ratings outlook remains
stable.

The upgrade of the company's SGL liquidity rating reflects the
company's high cash position with over $1.7 billion of cash (and
equivalents) as of March 31, 2010 versus $929 million at the end
of 2009.  The SGL also reflects the room under its covenants as
its principal covenant is a $250 million minimum liquidity
requirement until June 30, 2011.  Terex's B2 CFR continues to
reflect its high leverage and its weak profitability resulting
from the poor demand environment for the company's products.
However, it also incorporates the company's strong, well
established position as a manufacturer of heavy equipment for the
construction, infrastructure, and energy markets, as well as its
good liquidity profile.

The downgrade of the company's subordinated notes to B1 from Ba3
reflects the change in the company's capital structure per Moody's
loss given default ratings methodology.  The rating change
reflects higher levels of senior debt above these notes.

The stable outlook reflects the belief that the company should
come close to realizing operating income break even in 2010 and
that the company's strong cash position combined with its covenant
recess under its bank credit agreement provides additional room
for the company to manage through the difficult environment.
These factors provide Terex with the financial flexibility to
contend with the current economic downturn.

Downgrades:

Issuer: Terex Corporation

  -- Senior Subordinated Conv./Exch. Bond/Debenture, Downgraded to
     LGD5, 81% from LGD5, 80%

  -- Senior Subordinated Regular Bond/Debenture, Downgraded to B1,
     LGD5, 81% from Ba3, LGD5, 80%

  -- Senior Secured Bank Credit Facility, Downgraded to a range of
     LGD1, 09% to LGD1, 08% from LGD1, 06%

  -- Senior Unsecured Regular Bond/Debenture, Downgraded to LGD4,
     51% from LGD3, 49%

Upgrades:

Issuer: Terex Corporation

  -- Speculative Grade Liquidity Rating, Upgraded to SGL-2 from
     SGL-3

The last rating action was on May 28, 2009, at which time Moody's
changed the company's outlook to stable.

Terex Corporation, headquartered in Westport, CT, is a diversified
global manufacturer supporting the construction, mining, utility
and other end markets.  Revenues for the last twelve months
through March 31, 2010, totaled approximately $4.0 billion.


TEXAS RANGERS: Judge Says Chapter 11 Plan May Fail
--------------------------------------------------
Texas Rangers Baseball Partners is now scheduled to present its
Chapter 11 plan for confirmation on July 9.

To recall, U.S. Bankruptcy Judge Michael Lynn signed an order on
June 24 directing the team and the secured lenders to participate
in mediation to begin July 16.  The mediation is intended to help
the team, its creditors and Hicks's lenders reach a consensual
bankruptcy-exit plan for the franchise.

With the mediation, Judge Lynn moved the plan confirmation hearing
back to July 22 from July 9.  However, according to Bloomberg
News, at a June 25 hearing, the buying group told the judge they
didn't want the confirmation hearing delayed.  Judge Lynn
accommodated their request while warning the buyers, "If you don't
get it confirmed, you guys -- not me, you guys -- decided to push
for a decision on July 9, and you're going to live with whatever
decision I reach."

Judge Lynn said in a June 22 opinion that the plan couldn't be
confirmed unless the limited and general partnerships that now own
the team are allowed to vote again.

Texas Rangers has received approval from the Bankruptcy Court of
the Disclosure Statement explaining the proposed Prepackaged
Reorganization Plan.

The Plan provides for the sale of substantially all of the assets
of TRBP -- including the Texas Rangers Major League Baseball Club
-- to Rangers Baseball Express LLC, an entity controlled by Chuck
Greenberg and Nolan Ryan, through the Prepackaged Plan.  Although
the lenders are owed $525 million in total, they receive only $75
million directly from the team because that's the limit of the
secured debt the team itself guaranteed.

                       About Texas Rangers

Texas Rangers Baseball Partners owns and operates the Texas
Rangers Major League Baseball Club, a professional baseball club
in the Dallas/Fort Worth Metroplex.  TRBP is a Texas general
partnership, in which subsidiaries of HSG Sports Group LLC own a
100% stake.  Controlled by Thomas O. Hicks, HSG also indirectly
wholly-owns Dallas Stars, L.P., which owns and operates the Dallas
Stars National Hockey League franchise.  The Texas Rangers have
had five owners since the club moved to Arlington in 1972.  Mr.
Hicks became the fifth owner in the history of the Texas Rangers
on June 16, 1998.

In its petition, Texas Rangers Baseball Partners said it had both
assets and debt of less than $500 million.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to the
Debtor.  Forshey & Prostok LLP serves as conflicts counsel.
Parella Weinberg Partners LP serves as financial advisor.

Lenders to the Texas Rangers sought to force the baseball team's
equity owners -- Rangers Equity Holdings, L.P. and Rangers Equity
Holdings GP, LLC -- into bankruptcy court protection (Bankr. N.D.
Tex. Case No. 10-43624 and 10-43625).   The lenders, a group that
includes investment funds Monarch Alternative Capital and
Kingsland Capital Management, filed an involuntary bankruptcy
petition on May 28 against the two companies.  The two companies
were not included in the May 24 Chapter 11 filing of TRBP.


TEXAS RANGERS: MLB & Creditors Must Surrender Documents
-------------------------------------------------------
Angela K. Brown at The Associated Press reports that a federal
bankruptcy judge ordered Major League Baseball and Texas Rangers'
creditors to hand over documents about actions and conversation
that took place before Texas Rangers filed for bankruptcy.  Each
side has accused the other of withholding information related to
the team's Chapter 11 bankruptcy filing.

                       About Texas Rangers

Texas Rangers Baseball Partners owns and operates the Texas
Rangers Major League Baseball Club, a professional baseball club
in the Dallas/Fort Worth Metroplex.  TRBP is a Texas general
partnership, in which subsidiaries of HSG Sports Group LLC own a
100% stake.  Controlled by Thomas O. Hicks, HSG also indirectly
wholly-owns Dallas Stars, L.P., which owns and operates the Dallas
Stars National Hockey League franchise.  The Texas Rangers have
had five owners since the club moved to Arlington in 1972.  Mr.
Hicks became the fifth owner in the history of the Texas Rangers
on June 16, 1998.

In its petition, Texas Rangers Baseball Partners said it had both
assets and debt of less than $500 million.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to the
Debtor.  Forshey & Prostok LLP serves as conflicts counsel.
Parella Weinberg Partners LP serves as financial advisor.

Lenders to the Texas Rangers sought to force the baseball team's
equity owners -- Rangers Equity Holdings, L.P. and Rangers Equity
Holdings GP, LLC -- into bankruptcy court protection (Bankr. N.D.
Tex. Case No. 10-43624 and 10-43625).   The lenders, a group that
includes investment funds Monarch Alternative Capital and
Kingsland Capital Management, filed an involuntary bankruptcy
petition on May 28 against the two companies.  The two companies
were not included in the May 24 Chapter 11 filing of TRBP.


TIMOTHY CREDE: Voluntary Chapter 11 Case Summary
------------------------------------------------
Joint Debtors: Timothy J. Crede
               aka Tim J. Crede
               Deborah K. Crede
               39202 East Renick Road
               Oak Grove, MO 64075

Bankruptcy Case No.: 10-43293

Chapter 11 Petition Date: June 25, 2010

Court: United States Bankruptcy Court
       Western District of Missouri (Kansas City)

Judge: Arthur B. Federman

Debtor's Counsel: Ronald S. Weiss, Esq.
                  Berman DeLeve Kuchan & Chapman
                  911 Main St., Suite 2230
                  Kansas City, MO 64105
                  Tel: (816) 471-5900
                  Fax: (816) 842-9955
                  E-mail: rweiss@bdkc.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 Timothy J. Crede and Deborah K. Crede.


TOMAS MARTINEZ: Case Summary & 4 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Tomas Martinez
          dba Cucamonga Redwood Nursury Products
        707 N. Cummings Street
        Los Angeles, CA 90033

Bankruptcy Case No.: 10-35693

Chapter 11 Petition Date: June 24, 2010

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

Judge: Sheri Bluebond

Debtor's Counsel: Anthony Egbase, Esq.
                  Law Offices of Aanthony O Egbase & Assoc
                  350 S Figueroa Street, Suite 189
                  Los Angeles, CA 90071
                  Tel: (213) 620-7070
                  E-mail: info@anthonyegbaselaw.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 4 largest unsecured creditors filed
together with the petition is available for free at

The petition was signed by the Debtor.

Debtor-affiliates that filed separate Chapter 11 petitions:

        Entity                        Case No.       Petition Date
        ------                        --------       -------------
Ana R. Manzo                          10-22682            04/02/10
East LA Leonard LLC                   10-32251            06/01/10


TWIN LAKES: Case Summary & 9 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Twin Lakes Apartments, LLC
        P.O. Box 22546
        Oklahoma City, OK 73123

Bankruptcy Case No.: 10-13881

Chapter 11 Petition Date: June 25, 2010

Court: United States Bankruptcy Court
       Western District of Oklahoma (Oklahoma City)

Judge: T.M. Weaver

Debtor's Counsel: G. Rudy Hiersche, Jr., Esq.
                  105 North Hudson
                  Hightower Building, Suite 300
                  Oklahoma City, OK 73102
                  Tel: (405) 235-3123
                  E-mail: rudy@hlfokc.com

Scheduled Assets: $9,821,500

Scheduled Debts: $7,555,416

A list of the Company's 9 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/okwb10-13881.pdf

The petition was signed by Lew McGinnis, president of Macco
Properties, Inc., Debtor's managing member.


UNIVERSAL HEALTH: Fitch Assigns 'BB' Rating on Senior Facility
--------------------------------------------------------------
Fitch Ratings assigns a 'BB' rating to Universal Health Service's
proposed senior secured bank credit facility, and places the
rating on Rating Watch Negative.  UHS's outstanding ratings, as
listed below, remain on Rating Watch Negative:

  -- Issuer Default Rating 'BB';
  -- Unsecured notes 'BB';
  -- Unsecured bank facility 'BB'.

The ratings apply to approximately $875 million of debt
outstanding as of March 31, 2010.

Fitch downgraded UHS's IDR and debt securities ratings to 'BB'
from 'BBB' on May 18, 2010, following UHS's announcement that it
agreed to acquire Psychiatric Solutions, Inc., for $3.1 billion
including $2 billion in cash and the assumption of $1.1 billion of
net debt of Psychiatric Solutions.  Subject to regulatory
approvals and Psychiatric Solutions shareholder approval, the
transaction is expected to close in the fourth quarter of 2010.

The transaction will be entirely debt funded through the proposed
senior secured bank credit facility.  The facility is expected to
comprise of an $800 million revolving credit facility, $1 billion
term loan A, $1.55 billion term loan B and a $250 million accounts
receivables securitization facility.  Fitch expects that a portion
of the proceeds of the new facility will be used to retire
$275 million in commitments outstanding under the company's
current unsecured bank facility, and anticipates withdrawing the
rating on the unsecured bank facility upon closing of the proposed
secured bank facility.

The company's $200 million unsecured notes due 2011 and
$400 million unsecured notes due 2016 are expected to remain
outstanding post closing of the acquisition.  The unsecured note
indenture requires that the notes become secured upon the
occurrence of liens in excess of 10% of consolidated net tangible
assets.  Based on this, if the notes remain outstanding after
closing of the proposed secured bank facility, Fitch expects they
will become secured on a pari passu basis.  If the 2011 and 2016
notes do not become secured, the rating on these securities will
be downgraded, likely to a level two notches below the IDR, given
the high level of secured debt in the pro forma capital structure
through the proposed bank facility, which will prejudice recovery
of subordinated debt classes.  The company also anticipates
issuing $400 million of unsecured notes to fund a portion of the
acquisition.  Similarly, Fitch expects to rate these notes at a
level two notches below the IDR.

There is the potential for UHS's secured debt -- including the
proposed bank facility and potentially the 2011 and 2016 notes, to
be rated one notch above the company's IDR, depending upon the
quality of the security provided as collateral.  If the collateral
includes hard asset security, as opposed to solely capital stock,
enhanced recovery potential may support notching the rating up
relative to the IDR.

The acquisition will significantly impact UHS's operating and
credit metrics.  Following the transaction, UHS will generate in
the area of $1.1 billion of EBITDA annually, including about
$330 million contributed by Psychiatric Solutions.  Based on these
expectations, debt is expected to equal between 3.5 times and 4.0x
EBITDA.  In contrast, based on its current capital structure UHS's
debt-to-EBITDA equaled 1.2x as of March 31, 2010.  As a result of
the increase in pro forma debt leverage, Fitch downgraded UHS's
IDR and debt securities ratings by three-notches to 'BB' and
placed the ratings on Rating Watch Negative on May 18, 2010, upon
the company's announcement of the acquisition.  Maintenance of the
ratings on Watch Negative at this time indicates that there is the
potential for further ratings downgrades, and Fitch expects to
resolve the Negative Watch prior to the close of the transaction.
Any potential further downgrade to UHS's IDR is likely to be
limited to one notch.

Credit risk related to higher debt leverage to complete the
transaction is partly offset by the anticipated benefits to UHS's
operating profile.  The acquisition will significantly expand the
company's presence in the behavioral health sector.  Prior to the
transaction, UHS's behavioral health segment contributed about 25%
of the company's revenues and about 35% of its EBITDA.  Fitch
estimates that post acquisition the contribution of the behavioral
segment will increase to 45% of revenues and 55% of EBITDA.

UHS's behavioral health segment provides operational
diversification that is unique amongst for-profit hospital
providers.  In general, relative to the acute care hospital
segment, behavioral health operations are more profitable, exhibit
less volatility in patient volumes and revenues and are less
vulnerable to certain challenges faced by the acute care segment,
including high levels of uncompensated care.  In addition, the
acquisition will increase UHS's geographic diversity, ameliorating
credit risk related to its high degree of exposure to the Las
Vegas, NV market, which represented about 22% of revenues in 2009.


USA COMMERCIAL: Contractor Agrees to Pay $5.5 Million to Trust
--------------------------------------------------------------
A contractor who purportedly received millions of dollars in
illegal transfers from two insiders at USA Commercial Mortgage Co.
has agreed to pay $5.5 million to the trust charged with
liquidating the fraud-ridden mortgage company's remaining assets,
according to Bankruptcy Law360.

Law360 says Judge Robert C. Jones of the U.S. District Court for
the District of Nevada signed off on the agreed judgment on
Wednesday.

                       About USA Commercial

Based in Las Vegas, Nevada, USA Commercial Mortgage Company, dba
USA Capital -- http://www.usacapitalcorp.com/-- provides more
than $1 billion in short-term and permanent financing to
homebuilders, commercial developers, apartment owners and
institutions nationwide.  The Company and its debtor-affiliates
filed for chapter 11 protection on April 13, 2006 (Bankr. D. Nev.
Case Nos. 06-10725 to 06-10729).

Lenard E. Schwartzer, Esq., at Schwartzer & Mcpherson Law Firm,
and Annette W. Jarvis, Esq., at Ray Quinney & Nebeker, P.C.,
represent the Debtors in their restructuring efforts.  Thomas J.
Allison, a senior managing director at Mesirow Financial Interim
Management LLC, has been employed as Chief Restructuring Officer
for the Debtors.

Susan M. Freeman, Esq., and Rob Charles, Esq., at Lewis and Roca
LLP represent the Official Committee of Unsecured Creditors of USA
Commercial Mortgage Company.  Edward M. Burr at Sierra Consulting
Group, LLC, gives financial advice to the Creditors Committee of
USA Mortgage.

Marc A. Levinson, Esq., and Jeffery D. Hermann, Esq., at Orrick,
Herrington & Sutcliffe LLP, and Bob L. Olson, Esq., and Anne M.
Loraditch, Esq., at Beckley Singleton, Chartered, represent the
Official Committee of Equity Security Holders of USA Capital
Diversified Trust Deed Fund, LLC.  FTI Consulting, Inc., gives
financial advice to the Equity Committee of USA Diversified.

Candace C. Carlyon, Esq., and Shawn w. Miller, Esq., at Shea &
Carlyon, Ltd., and Jeffrey H. Davidson, Esq., Frank A. Merola,
Esq., and Eve H. Karasik, Esq., at Stutman, Treister & Glatt, PC,
represent the Official Committee of Equity Security Holders of USA
Capital First Trust Deed Fund, LLC.  Matthew A. Kvarda, at Alvarez
& Marsal, LLC, gives financial advise to the Equity Committee of
USA First.

When the Debtors filed for protection from their creditors, they
estimated assets of more than $100 million and debts between
$10 million and $50 million.

The Debtor's Chapter 11 plan of reorganization was confirmed on
Jan. 8, 2007.


VISTEON CORP: Expands Automotive Systems Manufacturing in China
---------------------------------------------------------------
FAWER Visteon Climate Control System (FVCC), a joint venture
between Visteon Corporation and FAWER Automotive Component Co.,
Ltd., has moved and expanded its manufacturing operation in
Changchun, China, which supplies automotive climate products to
vehicle manufacturers in China and export markets.

Featuring world-class manufacturing equipment and processes, the
new facility features an expanded climate product line and
localized design services, and enhances the joint venture's
overall manufacturing efficiency.  The new plant will produce
heating, ventilation and air conditioning systems (HVAC) and
mechanically assembled aluminum radiators, in addition to the
control atmosphere brazed aluminum radiators that FVCC currently
produces.

"The new facility's expanded capability includes localized design
services that complement Visteon's offering in the Chinese climate
control systems market," said Joy Greenway, Visteon product group
president.  "Visteon is fully committed to supporting FVCC's
continued success as part of our overall growth strategy in China
and the Asia Pacific region."

Drawing on Visteon's advanced technology support and strategic
partnerships, FVCC developed strong on-site research and
development capability.  In 2009, FVCC established a technical
ollaboration with Japan Climate Systems (JCS), another Visteon
joint venture, leading to the introduction of the HVAC product
line.  In addition, FVCC successfully localized the design of
radiators to meet the needs of various vehicle manufacturers.

Located in the Changchun Automotive Development Zone in northeast
China, the highly automated, 23,000-square meter (248,000-square
foot) facility has the capacity to produce 1.2 million brazed
radiators, 250,000 mechanical radiators and 240,000 HVAC systems
annually.

"The expanded plant is a strong testimony to the strategic and
successful partnership between Visteon and FAWER," said Ye Fan,
general manager of FAWER Automotive Component Co., Ltd.  "We are
confident that the new plant positions us well to provide our
customers with the highest quality products."

Established in 1995, FVCC has grown into a leading automotive
climate components supplier, renowned for its high-quality
radiators.  It serves a wide range of automakers, such as FAW-
Volkswagen, First Car Company, FAW Jiefang, FAW Xiali, FAW Hainan,
Shanghai Volkswagen, Chang'An Ford, Chery, Geely, and Great Wall.
The plant has ISO/TS 16949 and ISO 14001 quality and environmental
certification.

                     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)


VISTEON CORP: Goldman, 3.90% Owner, Party to Plan Funding Deal
--------------------------------------------------------------
In an amended 13D filing with the U.S. Securities and Exchange
Commission dated June 21, 2010, The Goldman Sachs Group, Inc., and
Goldman, Sachs & Co. disclosed that they recently entered into
amendments of Plan Support Agreements with Visteon Corporation.

Goldman Sachs is one of the investors Visteon entered an Equity
Commitment Agreement into in relation to the Chapter 11 Plan and
Disclosure Statement Visteon filed before the U.S. Bankruptcy
Court for the District of District of Delaware.

Goldman Sachs entered into separate amendments of the Plan
Support Agreement and the Equity Commitment Agreement on June 15,
2010.

The First Amendment to the Equity Commitment Agreement amends,
among other things, (i) Section 7.2(b) of the ECA to extend the
date by which Visteon has to use its commercially reasonable
efforts to obtain an order confirming a plan of reorganization to
October 4, 2010, and (ii) Section 10.1(c) of the ECA to extend
the date by which the Equity Commitment Agreement and a
disclosure statement must be approved by the Bankruptcy Court to
June 20, 1010.

Accordingly, the Bankruptcy Court approved on June 17 Visteon's
entry into the ECA, as amended from time to time.

The First Amendment to the Plan Support Agreement modifies the
Plan Support Agreement to conform to the Fourth Amended Plan and
Disclosure Statement filed by Visteon on June 14, 2010.

Goldman Sachs Group, Inc., and Goldman, Sachs & Co. are beneficial
ownership of 5,079,455 shares of Visteon Corporation common
stock, representing 3.90% of the shares of outstanding Visteon
stock.

As of April 26, 2010, Visteon had 130,320,880 shares of common
stock outstanding.

                     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)


VISTEON CORP: UBS, 0.12% Owner, Party to Plan Funding Deal
----------------------------------------------------------
In an amended Schedule 13D filing with the U.S. Securities and
Exchange Commission dated June 22, 2010, UBS AG disclosed that it
is deemed to beneficially own 160,817 shares of Visteon
Corporation.

UBS' shares constitutes 0.12% of Visteon's 130,320,880
outstanding shares as of April 26, 2010.

UBS is a major international banking and financial firm.  It is a
Swiss banking corporation, is publicly owned and its shares are
listed on the Zurich and New York exchanges.

UBS is one of the co-investors under a Plan Equity Commitment
Agreement among Visteon and certain other investors.

                     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)


WAYTRONX INC: Incurs $1.2 Million Net Loss in Q1 2010
-----------------------------------------------------
Waytronx, Inc., filed its quarterly report on Form 10-Q, reporting
a net loss of $1.2 million on $7.7 million of revenue for the
three months ended March 31, 2010, compared with a net loss of
$1.3 million on $6.1 million of revenue for the same period of
2009.

The Company's balance sheet at March 31, 2010, showed
$38.5 million in assets, $33.7 million of liabilities, and
$4.8 million of stockholders' equity.

As reported in the Troubled Company Reporter on April 6, 2010,
Webb & Company, P.A., in Boynton Beach, Fla., 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 a net loss of $4.2 million and an
accumulated deficit of $54.8 million at December 31, 2009.

The Company had an accumulated deficit of $55.9 million as of
March 31, 2010.

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

               http://researcharchives.com/t/s?62c7

Tualatin, Ore.-based Waytronx, Inc. (OTC BB: WYNX)
-- http://www.waytronx.com/-- has pioneered and is developing
innovative thermal management solutions capable of revolutionizing
the semiconductor, solar and electronic packaging industries,
among others, utilizing its patented WayCool(TM)/WayFast(TM)
hybrid mesh architecture.


WESTPARK PROMENADE: Case Summary & 7 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Westpark Promenade, LLC
        P.O. Box 2394
        Peachtree City, GA 30269

Bankruptcy Case No.: 10-12413

Chapter 11 Petition Date: June 25, 2010

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

Debtor's Counsel: W. Kevin Snyder, Esq.
                  Lacy & Snyder LLP
                  P.O. Box 3709
                  Peachtree City, GA 30269
                  Tel: (770) 486-8445
                  Fax: (770) 486-8889
                  E-mail: kevin@lacysnyder.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 7 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/ganb10-12413.pdf

The petition was signed by Howard Guthrie, managing member.


WON SHIN LEE: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Joint Debtors: Won Shin Lee
               Jamie H. Lee
               11137 Abbotsford Place
               Belvidere, IL 61008

Bankruptcy Case No.: 10-73190

Chapter 11 Petition Date: June 25, 2010

Court: U.S. Bankruptcy Court
       Northern District of Illinois (Rockford)

Judge: Manuel Barbosa

Debtor's Counsel: George P. Hampilos, Esq.
                  Schirger, Monteleone, Hampilos
                  308 West State Street, Suite 210
                  Rockford, IL 61101
                  Tel: (815) 962-0044
                  Fax: (815) 962-6250
                  E-mail: georgehamp@aol.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
$365,713 while debts total $1,384,645.

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/ilnb10-73190.pdf


WORLDGATE COMMS: March 31 Balance Sheet Upside-Down by $1 Million
-----------------------------------------------------------------
Worldgate Communications, Inc., filed its quarterly report on Form
10-Q, reporting a net loss of $2,848,000 on $287,000 of revenue
for the three months ended March 31, 2010, compared with net
income of $2,265,000 on $1,238,000 of revenue for the same period
of 2009.

The Company's balance sheet at March 31, 2010, showed
$6,252,000 in assets and $7,275,000 of liabilities, for a
stockholders' deficit of $1,023,000

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

               http://researcharchives.com/t/s?6589

Trevose, Pa.-based Worldgate Communications, Inc. is a provider of
digital voice and video phone services and next generation video
phones.  The Company designs and develops digital video phones
featuring real-time, two-way video.  It also provides a turn-key
digital voice and video communication services platform supplying
complete back-end support services.


YURI PLYAM: Precision, Castle Want Bankruptcy Case Dismissed
------------------------------------------------------------
Precision Development, LLC, and Castle Asset Management, LLC, have
asked the U.S. Bankruptcy Court for the Central District of
California to dismiss the Chapter 11 case of Yuri Plyam and
Natalia Plyam.

Precision Development and Castle Asset claimed that the Debtors'
bankruptcy filing was made in bad faith and should be dismissed.

Two court days before trial was to commence in Precision
Development, LLC, et al v. Plyam, et al., BC 384285 (Los Angeles
Sup. Ct, complaint filed January 25, 2008) (the State Court Case),
the defendants there and Debtors here filed their Petition.  There
are three defendants in the State Court Case: Yuri and Natalia
Plyam are Debtors in this petition, while Mikhail Plyam (Yuri's
Father) is a Debtor in a concurrently filed Chapter 7 petition
before Judge Mund of the San Fernando Valley Division.  The
parties had been locked in litigation for over two years over 27
separate development properties, have spent millions of dollars to
pursue the matter, and have litigated dozens of motions and taken
52 days of depositions.

Precision Development and Castle Asset are owned by Clare and Sara
Bronfman.  Yuri and Natalia Plyam, who were financial advisors to
the Bronfmans, were managers and minority owners of Precision and
Castle Asset.  The Bronfmans were majority and passive owners.
The Bronfmans contend that the Plyams embezzled millions of
dollars from the venture to pursue an opulent and decadent
lifestyle.

The Bronfmans' unsecured claims against the Plyams consist of
98.8% of the entirety of all unsecured claims listed on the
Plyams' list of top 20 unsecured creditors filed with the
Petition.  The other 1.2% claims on the Top 20 List consist
largely of claims of the Plyams' lawyers and experts employed to
defend the State Court Case.  "There is no federal Bankruptcy
Court interest in asserting control over what should be a state
court dispute.  This is a two-party dispute which should be
returned to the state court," Precision Development and Castle
Asset stated.

Precision Development and Castle Asset said that they may be able
to re-secure their trial date in the Superior Court if relief is
quickly granted.  Otherwise, with the financial difficulties of
the state court system, resolution of this matter in state court
could languish if it takes some time here to resolve the matter,
Precision Development and Castle Asset claimed.

Precision Development and Castle Asset are represented by Latham &
Watkins LLP.

Beverly Hills, California-based Yuri Plyam aka Yura Plyam and
Natalia Plyam aka Natasha Plyam filed for Chapter 11 bankruptcy
protection on June 18, 2010 (Bankr. C.D. Calif. Case No. 10-
34923).  Michael Jay Berger, Esq., who has an office in Beverly
Hills, California, assists the Company in its restructuring
effort.  The Debtors estimated their assets and debts at
$10,000,001 to $50,000,000.


YURI PLYAM: Section 341(a) Meeting Scheduled for July 27
--------------------------------------------------------
The U.S. Trustee for Region 16 will convene a meeting of Yuri
Plyam's creditors on July 27, 2010, at 1:15 p.m.  The meeting will
be held at 725 S Figueroa Street, Room 2610, Los Angeles, CA
90017.

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.

Beverly Hills, California-based Yuri Plyam aka Yura Plyam and
Natalia Plyam aka Natasha Plyam filed for Chapter 11 bankruptcy
protection on June 18, 2010 (Bankr. C.D. Calif. Case No. 10-
34923).  Michael Jay Berger, Esq., who has an office in Beverly
Hills, California, assists the Company in its restructuring
effort.  The Debtors estimated their assets and debts at
$10,000,001 to $50,000,000.


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------

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/

Nov. 29, 2010
  RENAISSANCE AMERICAN MANAGEMENT, INC. & BEARD GROUP, INC.
     17th Annual Distressed Investing Conference
        The Helmsley Park Lane Hotel, New York City
           Contact: 1-903-595-3800;
                    http://www.renaissanceamerican.com/

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: June 15, 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.


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