TCR_Public/100809.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, August 9, 2010, Vol. 14, No. 219

                            Headlines


11700 SAN JOSE: Wants to Use Cash Over Park Avenue Objection
11700 SAN JOSE: Section 341(a) Meeting Scheduled for Aug. 25
11700 SAN JOSE: Taps Lansing J. Roy as Bankruptcy Counsel
1800HOTELS4U LLC: U.S. Web Site Resumes Operation
1902 E. 7TH: Case Summary & 3 Largest Unsecured Creditors

3730 NORTH: Case Summary & 8 Largest Unsecured Creditors
401 PROPERTIES: Hearing on Case Dismissal Continued Until Aug. 11
401 PROPERTIES: Hearing on Further Cash Use on August 11
401 PROPERTIES: Files Schedules of Assets and Liabilities
500 OAKWOOD: Voluntary Chapter 11 Case Summary

ADROIT UTILITIES: Case Summary & 5 Largest Unsecured Creditors
AIDA MIRANDA: Case Summary & 20 Largest Unsecured Creditors
ALMATIS BV: DIC Plan Support Deal Gets OK; Oaktree Steps Aside
ALMATIS BV: Files Schedules of Assets & Liabilities
ALMATIS BV: Wins Interim Nod to Use Cash Collateral

AMERICAN SAFETY: U.S. Trustee Forms Seven-Member Creditors Panel
AMN HEALTHCARE: Moody's Downgrades Corp. Family Rating to 'Ba3'
AMR CORP: American Airlines Reports July Load Factor of 87%
AMR CORP: CEO Arpey, et al. Dispose of Common Shares
AMR CORP: Officers Receive Stock Appreciation Rights

AR PROPERTIES: Case Summary & 4 Largest Unsecured Creditors
ARIEL FUND LIMITED: N.Y. Supreme Court Sets Sept. 20 Bar Date
ARVINMERITOR INC: Posts $3 Million Net Loss for June 30 Quarter
ASPEN LEGACY: Files Schedules of Assets and Liabilities
ATLANTA'S CASCADE: Voluntary Chapter 11 Case Summary

BAYTEX ENERGY: S&P Raises Corporate Credit Rating to 'BB'
BILLY KNOLLENBERG: Case Summary & 20 Largest Unsecured Creditors
BOSQUE POWER: Hearing on Lenders' Plan Outline Set for August 23
BOZEL SA: Has Plan Filing Exclusivity Until December 2
BRIDGEVIEW AEROSOL: Hearing on Further Cash Use Set for August 12

BRIGHAM EXPLORATION: Posts $18 Mil. Net Loss for June 30 Quarter
BROWNWOOD COMPUTER: Case Summary & 13 Largest Unsecured Creditors
CASA DE LUNA: Case Summary & 4 Largest Unsecured Creditors
CASCADE FINANCIAL: Gets Minimum Bid Price Non-Compliance Notice
CHARLES SMITH: Case Summary & 20 Largest Unsecured Creditors

CHERYL LUTTMAN: Voluntary Chapter 11 Case Summary
CHERYL REAGAN: Spendthrift Trust Funds Not Estate Assets
CHRISTOPHER VALENCIA: Case Summary & Creditors List
CINCINNATI BELL: Inks Employment Agreement With CMO Tara Khoury
CINCINNATI BELL: Posts $10 Million Net Income for June 30 Quarter

CITADEL ATHENS: Voluntary Chapter 11 Case Summary
CITIZENS BANCORP: Defers Payments to Trust Preferred Holders
CLAIRE'S STORES: Bank Debt Trades at 15% Off in Secondary Market
CMP SUSQUEHANNA: Bank Debt Trades at 13% Off in Secondary Market
CNA FINANCIAL: Moody's Puts (P)Ba1 Provisional Sub. Debt Rating

CORD BLOOD: Issues to Shelter Warrant to Purchase 36MM Shares
COREY PITTS: Case Summary & 4 Largest Unsecured Creditors
CORUNA FOOD: Case Summary & 20 Largest Unsecured Creditors
CROSS POINT: Case Summary & 2 Largest Unsecured Creditors
DECRANE AEROSPACE: S&P Puts 'B-' Rating on CreditWatch Developing

DENNY'S CORP: Director Dedrick Acquires 14,305 Deferred Shares
DENNY'S CORP: Marketing Chief Acquires 200,000 Restricted Shares
DEX MEDIA EAST: Bank Debt Trades at 19% Off in Secondary Market
DEX MEDIA WEST: Bank Debt Trades at 10% Off in Secondary Market
DOLLARAMA GROUP: S&P Withdraws 'BB-' Corporate Credit Rating

DUKE INVESTMENTS: Case Summary & 5 Largest Unsecured Creditors
DUNE ENERGY: Posts $30.9 Million Net Loss for June 30 Quarter
E*TRADE FINANCIAL: Files Quarterly Report on Form 10-Q
EQUITY LIFE: Case Summary & Largest Unsecured Creditor
FAIRFIELD RESIDENTIAL: Wants Dismissal for Two Units' Cases

FAIRPOINT COMMS: Discloses Terms of Deal With CFO Sabherwal
FAIRPOINT COMMS: Bank Debt Trades at 35% Off in Secondary Market
FAIRWEST ENERGY: Bank Debt Repayment Ends Lender's Forbearance
FERRO CORPORATION: Moody's Assigns 'B2' Rating on $250 Mil. Notes
FIRST FOLIAGE: Wants to Hire GlassRatner as Financial Advisor

FOREVER CONSTRUCTION: Section 341(a) Meeting Scheduled for Sept. 1
FOURTH QUARTER: Case Summary & 3 Largest Unsecured Creditors
GABRIEL CAPITAL: N.Y. Sup. Court Sets Sept. 20 Bar Date
GALT AIRPORT: Case Summary & 19 Largest Unsecured Creditors
GARLOCK SEALING: Disbursed $5,480,308 in Quarter Ended July 3

GARLOCK SEALING: Pitts, et al., Can't Intervene in Asbestos Suit
GASLAND, INC: Case Summary & 9 Largest Unsecured Creditors
GEORGE LANNING: Case Summary & 20 Largest Unsecured Creditors
GGS AND ASSOCIATES: Voluntary Chapter 11 Case Summary
GLG ENTERPRISES: Case Summary & 20 Largest Unsecured Creditors

GRAHAM PACKAGING: Posts $46 Million Net Income for June 30 Quarter
H2O ENVIRONMENTAL: Case Summary & 20 Largest Unsecured Creditors
HARBINGER GROUP: Gets Non-Compliance Notice From NYSE
HARRAH'S ENTERTAINMENT: Posts $272 Mil. Net Loss for 2nd Qtr 2010
HARRAH'S ENTERTAINMENT: HOC Bank Debt Trades at 102.17%

HAWKER BEECHCRAFT: Bank Debt Trades at 20% Off in Secondary Market
HEALTHSOUTH CORP: Bank Debt Trades at 2% Off in Secondary Market
HELLER EHRMAN: Liquidating Plan Hearing Commences Today
HUNTINGTON DEVELOPMENT: Case Summary & Creditors List
I-10 BARKER: Case Summary & 9 Largest Unsecured Creditors

ILIANA MONTEAGUDO: Case Summary & 12 Largest Unsecured Creditors
INN OF THE MOUNTAIN: S&P Withdraws 'D' Issuer Credit Rating
ISTAR FIN'L: Acquires 24% Ownership Interest in LNR Property
ISTAR FIN'L: Reports $229.8 Million Net Income for Q2 2010
JOB LOPEZ: Case Summary & 11 Largest Unsecured Creditors

JPMCC 2002-CIBC4: Files Schedules of Assets and Liabilities
JUANA LOPEZ: Case Summary & 11 Largest Unsecured Creditors
K & J PARTNERS: Voluntary Chapter 11 Case Summary
KNOLOGY INC: Sunflower Deal Won't Affect Moody's 'B1' Rating
KONNER ANN: Voluntary Chapter 11 Case Summary

LAND O'LAKES: Moody's Confirms 'Ba1' Corporate Family Rating
LEED CORP: U.S. Trustee Forms Three-Member Creditors Committee
LEHIGH VALLEY: Files Schedules of Assets and Liabilities
LEHMAN BROTHERS: Asks for OK of TS Boston Release Agreement
LEHMAN BROTHERS: Hires Momo-o Matsuo as Japan Counsel

LEHMAN BROTHERS: Taps Paul Hastings as Asset Mgt. Counsel
LEHMAN BROTHERS: U.K. Appeals Court Overturns Briggs' Ruling
LNR PROPERTY: Vornado, iStar Get Stake in Recapitalization Deal
LNR PROPERTY: Moody's Upgrades Corporate Family Rating to 'B2'
LNR PARTNERS: S&P Changes Financial Position on Servicer Ratings

LUBBOCK GATEWOOD: Case Summary & 15 Largest Unsecured Creditors
LUBBOCK TWIN: Case Summary & 12 Largest Unsecured Creditors
LYMAN STRINGER: Case Summary & 12 Largest Unsecured Creditors
MADRID LLC: Case Summary & 5 Largest Unsecured Creditors
MAGIL CORPORATION: Case Summary & 20 Largest Unsecured Creditors

MARIO SUAREZ: Voluntary Chapter 11 Case Summary
MARSHALL GROUP: Plan Confirmation Hearing Set for Sept. 7
MERIDIAN RESOURCES: Halts SEC Reporting; Cancels Common Stock
METRO-GOLDWYN-MAYER: Bank Debt Trades at 58% Off
MEXICANA AIRLINES: Hearing on TRO on U.S. Claims on Aug. 16

MEXICANA AIRLINES: Petition for Insolvency Case in Mexico Admitted
MEXICANA AIRLINES: U.S. Recognition of Concurso Proceeding Sought
MICHAEL HOWELL: Case Summary & 20 Largest Unsecured Creditors
MICHAELS STORES: Bank Debt Trades at 6% Off in Secondary Market
MOMENTIVE PERFORMANCE: Debt Trades at 6% Off in Secondary Market

MORTON INTERNATIONAL: Moody's Upgrades Senior Rating From 'Ba1'
MT ZION: Court Extends Stay from Creditors Until November 23
MT ZION: Secured Lender Wants Chapter 11 Trustee
N K III HOSPITALITY: Voluntary Chapter 11 Case Summary
NATIONAL CENTURY: Ex-Director's Sister Gets 6 Months in Prison

NATIONAL CENTURY: Execs.' Money-Laundering Convictions Reversed
NCL CORPORATION: S&P Gives Stable Outlook, Affirms 'B' Rating
NEWPAGE CORP: George Martin Promoted to President and CEO
NEXSTAR BROADCASTING: Posts $9 Mil. Net Loss for June 30 Quarter
NIELSEN CO: Bank Debt Trades at 3% Off in Secondary Market

NORTH AMERICAN PETROLEUM: Files Schedules of Assets & Liabilities
NPS PHARMACEUTICALS: Posts $6.3 Million Net Loss for June 30 Qtr
OCEANIA CRUISES: S&P Affirms 'B', Revises Outlook to "Stable"
OHDB LLC: Case Summary & 6 Largest Unsecured Creditors
OSI RESTAURANT: Bank Debt Trades at 13% Off in Secondary Market

PAR-5 GOLF: Case Summary & 4 Largest Unsecured Creditors
PATRICK FARMS: Case Summary & 20 Largest Unsecured Creditors
PATRICK HACKETT: Creditors Committee Wants Plan Outline Rejected
PAUL TRANSPORTATION: U.S. Trustee Forms 3-Member Creditors Panel
PENHALL INTERNATIONAL: S&P Cuts Rating to 'D' After Missed Payment

PHILLIP BITNER: Case Summary & 20 Largest Unsecured Creditors
PLY GEM HOLDINGS: Delays IPO for $300 Million Common Shares
PLY GEM HOLDINGS: July 3 Balance Sheet Upside-Down by $148.4MM
PRIME MORTGAGE: Country Club Must Refund Part of Membership Fee
QUALITY SIGN: Incurred Tax Debt Cues Bankruptcy Filing

QWEST COMMS: Posts $158 Million Net Income for 2nd Quarter 2010
RALPH JACKSON: Case Summary & 16 Largest Unsecured Creditors
RANCHO TORREY: Case Summary & 18 Largest Unsecured Creditors
RAVENSWOOD BANK: Closed; Northbrook Bank Assumes Deposits
RCC SOUTH: Files List of Nine Largest Unsecured Creditors

RCC SOUTH: Section 341(a) Meeting Scheduled for Aug. 31
RCC SOUTH: Taps Polsinelli Shughart as Bankruptcy Counsel
RCC SOUTH: Wants to Use Cash Collateral; iStar Objects
REDCO DEVELOPMENT: Case Summary & 10 Largest Unsecured Creditors
REHABCARE GROUP: Bank Debt Trades at 13% Off in Secondary Market

RHI ENTERTAINMENT: Warns of Bankruptcy; Lender Talks Ongoing
RICHARD SCHWARTZ: Case Summary & 20 Largest Unsecured Creditors
RITA TASHJIAN: Case Summary & 6 Largest Unsecured Creditors
RITE AID: Bank Debt Trades at 11% Off in Secondary Market
RMAA REAL ESTATE: Involuntary Chapter 11 Case Summary

ROSSCO PLAZA: Killeen Plaza Hotel Auction Postponed
SALLY BEAUTY: June 30 Balance Sheet Upside Down by $525MM
SALLY HOLDINGS: Balance Sheet Upside Down by $558.8 Million
SCOOTER SUPER STORE: Case Summary & 20 Largest Unsecured Creditors
SCOTT KREHLING: Case Summary & 20 Largest Unsecured Creditors

SEQUENOM INC: Officers Get Incentive, Non-Qualified Stock Options
SEVEN SEAS: S&P Hikes Outlook to "Stable"; 'B' Corporate Affirmed
SINCLAIR BROADCAST: Posts $17 Million Net Income for June 30 Qtr
SINCLAIR BROADCAST: Moody's Upgrades Corp. Family Rating to 'B1'
SINCLAIR BROADCAST: S&P Raises Corporate Credit Rating to 'B+'

SIRIUS XM: Posts $15.27 Million Net Income for June 30 Quarter
STERLING ESTATES: Cash Collateral Hearing Set for August 12
SUDS OF CENTRAL ARKANSAS: Case Summary & Creditors List
SUNWEST MANAGEMENT: Closes $1.2-Bil. Sale to Blackstone Group
TAMMY FOLEY: Case Summary & 18 Largest Unsecured Creditors

TATO REAL ESTATE: Case Summary & 2 Largest Unsecured Creditors
TAYLOR BEAN: To Retain Hilco to Sell Fixtures at Facility
TENET HEALTHCARE: To Sell $600-Mil. of Notes in Private Placement
TENET HEALTHCARE: Fitch Assigns 'B/RR3' Rating on $600 Mil. Notes
TENNESSEE TELEPHONE: Files For Chapter 11 Bankruptcy in Tennessee

TENS CABARET: Case Summary & 20 Largest Unsecured Creditors
TESORO CORPORATION: Fitch Downgrades Issuer Default Rating to 'BB'
THEODORE SCHROEDER: Voluntary Chapter 11 Case Summary
THOMAS POUNDS: Case Summary & 20 Largest Unsecured Creditors
TONYA LIGGION: Case Summary & 6 Largest Unsecured Creditors

TRIBUNE CO: Files Rule 2015.3 Report as of June 27
TRIBUNE CO: Invests in Treasury Market Funds
TRIBUNE CO: Bank Debt Trades at 37% Off in Secondary Market
TURNBERRY/CENTRA: Lenders Foreclose on $470 Mil. Mortgage Debt
UAL CORP: United Bank Debt Trades at 10% Off in Secondary Market

UNISYS CORP: MMI Investments Sell 1.25MM Shares Last Week
UNITED WESTERN: $14.2MM Due Sept. 30 Under JPMorgan Forbearance
UNIVERSAL BUILDING: Files for Ch. 11, Plans to Sell Assets to UBP
UNIVERSAL BUILDING: Case Summary & 30 Largest Unsecured Creditors
US FOODSERVICE: Bank Debt Trades at 12% Off in Secondary Market

USEC INC: Files Quarterly Report on Form 10-Q for June 30 Quarter
UTSTARCOM INC: Posts $9 Million Net Loss for June 30 Quarter
VALENCE TECHNOLOGY: Posts $4.7 Mil. Net Loss for June 30 Quarter
VENTANA HILLS: Plan Outline Hearing Scheduled for September 2
VERINT SYSTEMS: Moody's Retains 'B1' Corporate Family Rating

VILLAGE AT CAMP: Case Summary & 20 Largest Unsecured Creditors
VITOIL-SCOTTISH: Wants Plan Exclusivity Until November 18
VORNADO REALTY: 3 Mortgage Loans in Default, Placed with Servicer
VORNADO REALTY: Acquires 26% Stake in LNR Property
WASH ME: Voluntary Chapter 11 Case Summary

WAYTRONX INC: Transfer to Wells Fargo Fixes Key Bank Loan Default
WEST CORP: 2011 Bank Debt Trades at 5% Off in Secondary Market
WEST CORP: 2016 Bank Debt Trades at 3% Off in Secondary Market

* Laura Marcero Joins Huron Consulting Group

* BOND PRICING -- For the Week From August 2 to 6, 2010


                            ********


11700 SAN JOSE: Wants to Use Cash Over Park Avenue Objection
------------------------------------------------------------
11700 San Jose Boulevard, LLC, seeks authority from the U.S.
Bankruptcy Court for the Middle District of Florida to use its
creditor's cash collateral.

The Debtor owes Park Avenue Bank $7,176,609 plus interest accruing
since June 21, 2010, the day the summary final judgment of
foreclosure was entered.  The cash collateral comprised in whole
or part of the monthly rents due from the tenants, the funds in
the Wachovia bank account held by the receiver on the Petition
Date, and any security deposits on hand.

Prior to the Petition Date, Park Avenue commenced a foreclosure
suit and Catherine L. Childers was appointed receiver to manage
and operate the Property, including the collection of the rent.
As of July 16, 2010, the receiver had a cash balance of $197,473
in the Wachovia bank account.

Kevin B. Paysinger, Esq., at the Bankruptcy Law Firm of Lansing J.
Roy, P.A., explains that the Debtor needs to use the cash
collateral to fund its Chapter 11 case, pay suppliers and other
parties.  The Debtor will use the collateral pursuant to a budget,
a copy of which is available for free at:

        http://bankrupt.com/misc/11700_SAN_JOSE_budget.pdf

In exchange for using the cash collateral, the Debtor proposes to
grant Park Avenue a replacement lien on postpetition cash
collateral of the same priority and to the same extent as the
prepetition cash collateral.  The Debtor also proposes to make
adequate protection payments, approximately $54,000, to Park
Avenue in an amount equal to the prepetition, non-default,
principal and interest payment.

Park Avenue objects to the use of its cash collateral, saying,
"There is absolutely no reason to allow the Debtor to collect the
rent money and disburse it when the secured creditor has a
receiver in place that it trusts who is honest and competent."

Park Avenue is against the Debtor's request to remove Ms. Childers
as receiver.  It also doesn't believe that the Debtor can propose
a confirmable plan.  It said, "There is absolutely no equity in
this property.  Any sale at this time would be a 'short sale'
which would not pay Park Avenue Bank let alone any other
creditors."

Park Avenue is represented by Aaron R. Cohen.

                       About 11700 San Jose

11700 San Jose Boulevard, LLC, is a Florida Limited Company which
owns and leases out a piece of commercial real estate in
Jacksonville, Florida.

11700 San Jose filed for Chapter 11 bankruptcy protection on
July 27, 2010 (Bankr. M.D. Fla. Case No. 10-06484).  Kevin B.
Paysinger, Esq., at Bankruptcy Law Firm of Lansing J. Roy, assists
the Debtor in its Chapter 11 case.  The Debtor estimated its
assets at $10 million to $50 million and debts at $1 million to
$10 million as of the Petition Date.

An affiliate, Mardi Investments #2, LLC, filed a separate Chapter
11 petition on June, 25, 2010 (Bankr. M.D. Fla. Case No. 10-
05524).


11700 SAN JOSE: Section 341(a) Meeting Scheduled for Aug. 25
------------------------------------------------------------
The U.S. Trustee for Region 21 will convene a meeting of 11700 San
Jose Boulevard, LLC's creditors on August 25, 2010, at 12:00 p.m.
The meeting will be held at First Floor, 300 North Hogan St. Suite
1-200, Jacksonville, FL 32202.

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.

11700 San Jose Boulevard, LLC owns and leases out commercial real
estate in Jacksonville, Florida.  11700 San Jose filed for Chapter
11 bankruptcy protection on July 27, 2010 (Bankr. M.D. Fla. Case
No. 10-06484).  Kevin B. Paysinger, Esq., at the Bankruptcy Law
Firm of Lansing J. Roy, assists the Debtor in its bankruptcy case.
The Debtor estimated assets at $10 million to $50 million and
debts at $1 million to $10 million in its Chapter 11 petition.

An affiliate, Mardi Investments #2, LLC, filed separate a Chapter
11 petition on June, 25, 2010 (Bankr. M.D. Fla. Case No. 10-
05524).


11700 SAN JOSE: Taps Lansing J. Roy as Bankruptcy Counsel
---------------------------------------------------------
11700 San Jose Boulevard, LLC, asks for authorization from the
U.S. Bankruptcy Court for the Middle District of Florida to employ
Lansing J. Roy, P.A., as bankruptcy counsel, nunc pro tunc to the
Petition Date.

Lansing J. Roy will:

     a. advise the Debtor on its rights and duties;

     b. prepare pleadings and other court papers related to the
        bankruptcy case, including a disclosure statement and a
        plan of reorganization; and

     c. take all other necessary action incident to the proper
        administration of the bankruptcy case.

Kevin B. Paysinger will be paid based on the hourly rates of its
personnel:

        Lansing J. Roy                      $350
        Kevin B. Paysinger                  $250
        Christopher R. DeMetros             $200
        Paralegals                           $75

Kevin B. Paysinger assures the Court that Maschmeyer Karalis is
"disinterested" as that term is defined in Section 101(14) of the
Bankruptcy Code.

11700 San Jose Boulevard, LLC owns and leases out commercial real
estate in Jacksonville, Florida.  11700 San Jose filed for Chapter
11 bankruptcy protection on July 27, 2010 (Bankr. M.D. Fla. Case
No. 10-06484).  Kevin B. Paysinger, Esq., at the Bankruptcy Law
Firm of Lansing J. Roy, assists the Debtor in its bankruptcy case.
The Debtor estimated assets at $10 million to $50 million and
debts at $1 million to $10 million in its Chapter 11 petition.

An affiliate, Mardi Investments #2, LLC, filed separate a Chapter
11 petition on June, 25, 2010 (Bankr. M.D. Fla. Case No. 10-
05524).


1800HOTELS4U LLC: U.S. Web Site Resumes Operation
-------------------------------------------------
Steve Huettel, writing for The St. Petersburg Times, reports that
1800Hotels.com went back into business during the last week of
July, according to Steven Berman, Esq., the company's Tampa
attorney.  The Irish Web site remains down.

Mr. Berman said the company has a large, new hotel wholesaler and
a different way of handling finances.  Mr. Berman, according to
the Times, said money from customers goes directly to the
supplier, so there won't be payment disputes or room
cancellations.  He wouldn't identify the company, the Times notes.

The Times relates word started leaking out that 1800Hotels.com and
its Irish parent, Happy Duck Ltd., filed for bankruptcy
reorganization under Chapter 11 in Tampa on July 13.  Two
suppliers, Tourico and Gullivers Travel Associates, had canceled
more than 3,600 reservations.  Bankruptcy was the only way to stop
them from ruining the business, the company said.

Mr. Berman said the site experienced a higher sales volume than
expected, but added that it's too soon to tell whether it will
suffer "reputational damage."

                         About 1800Hotels4U

Based in Tampa, Florida, 1800Hotels4U, LLC, dba 1800Hotels.com,
for Chapter 11 on July 13 (Bankr. M.D. Fla. Case No. 10-16648).
Judge Caryl E. Delano presides over the case.  Steven M. Berman,
Esq., and Hugo S. de Beaubien, Esq., at Shumaker, Loop & Kendrick,
LLP, in Tampa, Florida, represent the Debtors.  1800Hotels4U
estimated $1 million to $10 million in total assets, and $100,000
to $500,000 in total debts in its Chapter 11 petition.

Parent Happy Duck Limited filed on July 12 (Bankr. M.D. Fla. Case
No. 10-16655).  Happy Duck estimated $1 million to $10 million in
total assets and debts.


1902 E. 7TH: Case Summary & 3 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: 1902 E. 7th Avenue, Inc.
        120 Baltic Circle
        Tampa, FL 33606

Bankruptcy Case No.: 10-18848

Chapter 11 Petition Date: August 4, 2010

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

Debtor's Counsel: Buddy D. Ford, Esq.
                  115 N. MacDill Avenue
                  Tampa, FL 33609-1521
                  Tel: (813) 877-4669
                  Fax: (813) 877-5543
                  E-mail: Buddy@tampaesq.com

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

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

A list of the Company's three largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flmb10-18848.pdf

The petition was signed by Joel W. Brewer, president.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                            Case No.   Petition Date
        ------                            --------   -------------
Konner Ann Limited Partnership            10-18849        08/04/10


3730 NORTH: Case Summary & 8 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: 3730 North Southport, LLC
        3728 N. Southport Avenue
        Chicago, IL 60613

Bankruptcy Case No.: 10-34937

Chapter 11 Petition Date: August 4, 2010

Court: U.S. Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: A. Benjamin Goldgar

Debtor's Counsel: Abraham Brustein, Esq.
                  Dimonte & Lizak, LLC
                  216 W. Higgins Road
                  Park Ridge, IL 60068
                  Tel: (847) 698-9600 Ext. 221
                  Fax: (847) 698-9623
                  E-mail: abrustein@dimonteandlizak.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 eight largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ilnb10-34937.pdf

The petition was signed by William Platt, manager.


401 PROPERTIES: Hearing on Case Dismissal Continued Until Aug. 11
-----------------------------------------------------------------
The Hon. Jacqueline Cox of the U.S. Bankruptcy Court for the
Northern District of Illinois has continued until August 11, 2010,
at 2:00 p.m., the hearing on Bridgeview Bank Group's motion to
dismiss the Chapter 11 case of 401 Properties Limited Partnership.

As reported in the Troubled Company Reporter on July 6, Bridgeview
sought a dismissal of the case, claiming that the Debtor's
bankruptcy was done in bad faith.  Bridgeview pointed out that the
bankruptcy petition was filed within hours of the State Court
appointing a receiver over the property, in Bridgeview Bank Group
v. Greenblatt, et al., Case No. 10-14049 in the Cook County
Circuit Court, Law Division.  The bankruptcy case, said
Bridgeview, is essentially a two party dispute between Bridgeview
and the Debtor.

Chicago, Illinois-based 401 Properties Limited Partnership filed
for Chapter 11 on June 23, 2010 (Bankr. N.D. Ill. Case No. 10-
28114).  Louis D. Bernstein, Esq., at Bernstein Law Firm, LLC,
assists the Debtor in its restructuring effort.  In its Chapter 11
petition, the Company estimated $10 million to $50 million in
assets and $1 million to $10 million in liabilities.


401 PROPERTIES: Hearing on Further Cash Use on August 11
--------------------------------------------------------
The Hon. Jacqueline P. Cox of the U.S. Bankruptcy Court for the
Northern District of Illinois has continued until August 11, 2010,
at 2:00 p.m., the hearing on 401 Properties Limited Partnership's
request to access to cash collateral of lenders Bridgeview Bank
Group and Fortuna Stream LP.  The hearing will be held at
Courtroom 619, 219 South Dearborn, Chicago, Illinois.

The Debtor's access to the cash collateral will expire on
August 10, unless the Debtor receives another order authorizing it
to use cash collateral.

The Court's previous order granting access to cash collateral
provides that as adequate protection for any diminution in value
of its lenders' collateral, the Debtor will grant Bridgeview and
Fortuna replacement liens in and to the rents and other receipts
from the Debtor's property that constitute as collateral.
Additionally, the Debtor would pay Bridgeview $45,000; name
Bridgeview as a loss-payee; and should reflect Bridgeview's
interest as mortgagee on any and all insurance on the Debtor's
property.

                        About 401 Properties

Chicago, Illinois-based 401 Properties Limited Partnership sought
Chapter 11 protection on June 23, 2010 (Bankr. N.D. Ill. Case No.
10-28114).  Louis D. Bernstein, Esq., at Bernstein Law Firm, LLC,
assists the Debtor in its restructuring effort.  The Company
estimated $10 million to $50 million in assets and $1 million to
$10 million in liabilities in its Chapter 11 petition.  The
Company scheduled assets of $11,018,507 and debts of
$12,459,316 as of the Petition Date.


401 PROPERTIES: Files Schedules of Assets and Liabilities
---------------------------------------------------------
401 Properties Limited Partnership 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               $10,100,000
  B. Personal Property              $918,507
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $10,881,891
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $498,788
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $1,078,637
                                 -----------      -----------
        TOTAL                    $11,018,507      $12,459,316

Chicago, Illinois-based 401 Properties Limited Partnership sought
Chapter 11 protection on June 23, 2010 (Bankr. N.D. Ill. Case No.
10-28114).  Louis D. Bernstein, Esq., at Bernstein Law Firm, LLC,
assists the Debtor in its restructuring effort.  The Company
estimated $10 million to $50 million in assets and $1 million to
$10 million in liabilities in its Chapter 11 petition.


500 OAKWOOD: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: 500 Oakwood LLC
        500 N. Oakwood Rd.
        Lake Zurich, IL 60047

Bankruptcy Case No.: 10-34821

Chapter 11 Petition Date: August 3, 2010

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

Judge: John H. Squires

Debtor's Counsel: William J Factor, Esq.
                  The Law Office of William J. Factor, Ltd.
                  1363 Shermer Road, Suite 224
                  Northbrook, IL 60062
                  Tel: (847) 239-7248
                  Fax: (847) 574-8233
                  E-mail: wfactor@wfactorlaw.com

Scheduled Assets: $2,650,000

Scheduled Debts: $1,442,441

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

The petition was signed by Gilbert Voisin, manager.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Magil Corp.                            10-34831   08/03/10


ADROIT UTILITIES: Case Summary & 5 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Adroit Utilities, Inc.
        176 Culpepper Road
        South Mills, NC 27976

Bankruptcy Case No.: 10-06179

Chapter 11 Petition Date: August 3, 2010

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

Judge: Stephani W. Humrickhouse

Debtor's Counsel: Danny Bradford, Esq.
                  Paul D. Bradford, PLLC
                    dba Bradford Law Offices
                  6512 Six Forks Road, Suite 304
                  Raleigh, NC 27615
                  Tel: (919) 758-8879
                  Fax: (919) 803-0683
                  E-mail: dbradford@bradford-law.com

Estimated Assets: $0 to $50,000

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

A list of the Company's five largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nceb10-06179.pdf

The petition was signed by Brian K. Malcolm, president.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Brian K. Malcom & Deborah A. Malcolm   10-5944     07/27/10


AIDA MIRANDA: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Aida Alban Miranda
        2890 Monroe Street
        Santa Clara, CA 95051

Bankruptcy Case No.: 10-58060

Chapter 11 Petition Date: August 3, 2010

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

Judge: Roger L. Efremsky

Debtor's Counsel: Scott J. Sagaria, Esq.
                  Law Offices of Scott J. Sagaria
                  333 W San Carlos Street, #1700
                  San Jose, CA 95110
                  Tel: (408) 279-2288
                  E-mail: sjsagaria@sagarialaw.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 20 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/canb10-58060.pdf


ALMATIS BV: DIC Plan Support Deal Gets OK; Oaktree Steps Aside
--------------------------------------------------------------
Almatis B.V. won approval from the U.S. Bankruptcy Court for the
Southern District of New York to enter into a plan support
agreement on a revised restructuring proposal arranged by its
owner, Dubai International Capital LLC.

The Plan Support Agreement paves the way for Almatis to withdraw
the prepackaged restructuring plan proposed by Oaktree Capital
Management L.P. that pays senior creditors somewhere in the 85%
range and junior creditors hardly anything.

Almatis is set to file later this week a disclosure statement,
which provides a detailed description of the revised
restructuring plan backed by a DIC-led refinancing.  The
refinancing would help fully repay Almatis' senior lenders and
would allow its junior lenders to recover more than under the
original Oaktree-sponsored prepackaged plan.

Funding for the revised plan will come from a $100 million equity
contribution that DIC has already escrowed with JP Morgan.  A
consortium composed of JP Morgan, Bank of America Merrill, GSO
Capital Partners, GoldenTree Asset Management and Sankaty Credit
Opportunities IV will also provide about $600 million of debt
financing for the revised plan.

The revised plan has the support of DIC and a group of mezzanine,
junior mezzanine and second lien lenders.  Oaktree Capital, which
owns 46% of Almatis' senior debt, has lately agreed to support
the revised plan.

Oaktree Capital earlier opposed the approval of the Plan Support
Agreement, questioning the feasibility of the revised plan, DIC's
financial condition, and DIC's reputation of making promises
concerning proposals that it could not deliver.  Oaktree Capital
eventually dropped its objection after it proposed a settlement
to Almatis, according to an August 3, 2010 report by Reuters.

The proposed settlement is subject to approval by the Bankruptcy
Court presiding over Almatis' Chapter 11 cases.

Bankruptcy Judge Martin Glenn has scheduled a hearing for
August 23, 2010, to consider approval of the disclosure statement
and the settlement with Oaktree Capital.

"We are confident that the refinancing implemented by the new
plan is in the interests of all stakeholders including employees,
customers, lenders and other business partners," Almatis Chief
Executive Remco de Jong said in an August 3, 2010 statement.

"We remain committed to concluding the Chapter 11 process as
quickly as possible and look forward to pursuing growth
opportunities with the support of our shareholders in the near
future," Mr. de Jong said.

Almatis anticipates the confirmation of the revised restructuring
plan in late September.

"We are delighted to have secured a fully committed refinancing
of the Almatis Group, ending the uncertainty that the business
and its stakeholders have faced over the past 18 months and
bringing a positive conclusion to the Chapter 11 process," DIC
Chief Executive Anand Krishnan said in an e-mailed statement,
according to Bloomberg News.

"All stakeholders now support a smooth refinancing process, which
benefits all parties and the focus of attention will once more be
Almatis' customers, employees and suppliers," Mr. Krishnan said.

While the revised restructuring plan is being considered by the
Bankruptcy Court, the court approval that enables Almatis to
continue to operate in the ordinary course of business remains in
place.  This includes the approval to use the company's cash to
continue to pay salaries and benefits, and to pay its suppliers.

Aside from its entry into the Plan Support Agreement, Almatis was
also authorized to execute various commitment letters governing
the refinancing and equity contribution for the implementation of
the revised plan, and to enter into currency rate hedging
transactions.

                       About Almatis Group

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

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

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

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


ALMATIS BV: Files Schedules of Assets & Liabilities
---------------------------------------------------
A.     Real Property
        Company Office, Manufacturing Facility      $17,096,336
        Almatis B.V.

B.     Personal Property
B.1    Cash on hand                                       2,097
B.2    Bank Accounts
        Commerzbank NY                                   47,260
        ING Bank                                     20,879,210
        Van Lanschot                                    538,836
B.3    Security Deposits                                123,416
B.9    Interests in Insurance Policies                  Unknown
      See http://bankrupt.com/misc/almatis_b9.pdf
B.13   Business Interests and stocks                    Unknown
B.16   Accounts Receivable
        Accounts Receivable Netherlands             112,969,526
        Intercompany Accounts Receivable (Payable)   97,771,907
B.18   Other Liquidated Debts
        Other Nonfinancial Assets                     2,072,595
        Short-term Tax & Other Receivables            2,330,897
B.21   Other Contingent & Unliquidated Claims           938,666
B.22   Intellectual Property                                  -
B.23   Licenses and Other General Intangibles           Unknown
B.28   Office Equipment, Furnishings and Supplies       689,295
B.29   Machinery                                     10,343,873
      See http://bankrupt.com/misc/almatis_b29.pdf
B.30   Inventory                                      8,021,274
B.35   Other Personal Property
        Downpayments                                  7,651,146
        Goodwill                                        Unknown

      TOTAL SCHEDULED ASSETS                       $281,476,341
      =========================================================

D.   Secured Claim
      Commerzbank Aktiengesellschaft
       (As Hedge Counterparty)                       $3,862,416
      UBS Limited
       (As Hedge Counterparty)                       13,513,035
       (As Second Lien Agent)                        76,890,855
       (As Senior Agent)                            659,623,250
      Wilmington Trust (London) Limited
       (As Junior Mezzanine Agent)                   80,088,654
      Wilmington Trust (London) Limited
       (As Mezzanine Agent)                         198,886,087
E.   Unsecured Priority Claims
      Belastingdienst Oost Brabant                      308,473
F.   Unsecured Non-priority Claims                    5,249,644
      See http://bankrupt.com/misc/almatis_schedf.pdf


      TOTAL SCHEDULED LIABILITIES                $1,038,422,415
      =========================================================

                       About Almatis Group

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

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

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

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


ALMATIS BV: Wins Interim Nod to Use Cash Collateral
---------------------------------------------------
Judge Martin Glenn issued an interim order authorizing Almatis
B.V. and its debtor affiliates' continued use of the cash
collateral of their prepetition lenders, in relation to the
Debtors' rejection of a prepackaged restructuring plan sponsored
by one of their senior lenders, Oaktree Capital Management L.P.

The Debtors rejected the Oaktree-led plan and the related Plan
Support Agreement after Dubai International Capital LLC arranged
a revised plan proposal that would help fully repay the Debtors'
senior lenders and would allow their junior lenders more
recovery.  A Court-entered final cash collateral order dated
May 17, 2010 provided that the use of the prepetition lenders'
cash collateral would terminate if the Debtors' plan support
agreement with Oaktree is rejected.

Oaktree Capital earlier filed an objection to the renewed request
for continued cash collateral use, demanding further adequate
protection for the use of its cash collateral including periodic
cash payments and access to the Debtors' cash availability.  The
opposition was withdrawn on August 2, 2010.

Judge Glenn opined in a 22-page order dated August 3, 2010, "The
ability of the Debtors to continue their operations requires the
immediate continuation of use of cash collateral, absent which
immediate and irreparable harm will result to the Debtors, their
estates and creditors and to the ability to emerge successfully
from the Chapter 11 cases."

Accordingly, the Debtors are permitted to use the cash collateral
in accordance with a prepared budget, commencing on August 3
until the entry of a final order or the occurrence of a
termination event.

Termination events include the filing by the Debtors of a motion
or commencement of a case which seeks relief that is not
consistent with the cash collateral order and the non-issuance of
a final cash collateral order by September 15, 2010, among
others.

In return for the Debtors' use of the cash collateral, UBS
Limited, as security trustee of certain lenders and on behalf of
the Debtors' prepetition secured lenders, is granted replacement
liens and security interests on all properties of the Debtors and
their estates to the extent of any diminution in the value of the
lenders' interest in the prepetition collateral.

As adequate protection for their interest in the prepetition
collateral, the secured lenders are also granted superpriority
administrative claims against the Debtors' estates.

Judge Glenn also authorized the Debtors to reimburse UBS for the
fees and disbursements for two of its counsel and one financial
advisor in connection with the Debtors' bankruptcy cases.  He
also permitted the Debtors to continue to utilize the services of
Talbot Hughes McKillop LLP.

Judge Glenn will consider final approval of the Debtors' cash
collateral use request at a hearing scheduled for August 23,
2010.  Deadline for filing objections is August 16.

                       About Almatis Group

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

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

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

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


AMERICAN SAFETY: U.S. Trustee Forms Seven-Member Creditors Panel
----------------------------------------------------------------
Roberta A. DeAngelis, Acting U.S. Trustee for Region 3, appointed
seven members to the official committee of unsecured creditors in
the Chapter 11 cases of American Safety Razor Company, LLC.

The Creditors Committee members are:

1. Pension Benefit Guaranty Corporation
   Attn: Craig Yamaoka
   1200 K Street, NW
   Washington, DC 20005
   Tel: (202) 326-4000 extn. 3614
   Fax: (202) 842-2643

2. Total Petrochemicals USA, Inc.
   Attn: Joel Anderson
   1201 Louisiana Street, Suite 1800
   Houston, TX 77002
   Tel: (713) 483-5271
   Fax: (713) 483-5759

3. PolyOne Corporation
   Attn: Woodrow W. Ban
   33587 Walker Road
   Avon Lake, OH 44012
   Tel: (440) 930-1000
   Fax: (440) 930-3830

4. InterPack Industries
   Attn: Brett Moller
   5306 Mohave Street
   Phoenix, AZ 85043
   Tel: (402) 469-0698

5. Midwest Color
   Attn: Lloyd A. Watt
   50 Francis Street
   Leominster, MA 01453
   Tel: (978) 537-3535
   Fax: (978) 537-4224

6. Entec Polymers
   Attn: Carlos Rivera
   1900 Summit Tower Blvd., No. 900
   Orlando, FL 32810
   Tel: (407) 659-5203
   Fax: (407) 659-5395

7. Cauthorne Paper Co.
   Attn: John Lewis
   P.O. Box 1536
   Ashland, VA 23005
   Tel: (804) 798-6999
   Fax: (804) 798-6466

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.

                       About American Safety

American Safety Razor Company, LLC, doing business as Personna
American Safety Razor, manufactures private-label shaving razors
and blades.  ASR also makes and distributes blades and bladed hand
tools for a variety of industrial uses and specialty industrial
and medical blades.  The Company has roots going back to 1875.

American Safety, along with affiliates, filed for Chapter 11
protection in July 2010 (Bankr. D. Del. Case No. 10-12351).  Mark
J. Thompson, Esq., and Morris J. Massel, Esq., at Simpson Thacher
& Bartlett LLP, serve as bankruptcy attorneys.  Howard A. Cohen,
Esq., at Drinker Biddle & Reath LLP, is co-counsel.  In addition,
Lazard Middle Market LLC is the investment banker and Kurtzman
Carson Consultants LLC is the claims and notice agent.  American
Safety estimated assets at $100 million to $500 million and debts
at $500 million to $1 billion in its Chapter 11 petition.


AMN HEALTHCARE: Moody's Downgrades Corp. Family Rating to 'Ba3'
---------------------------------------------------------------
Moody's Investors Service downgraded AMN Healthcare, Inc.'s
Corporate Family Rating to Ba3 from Ba2.  Concurrently, a Ba2
rating was assigned to the $215 million first lien credit facility
under a proposed amend and extend transaction that would upsize
the existing term loan by $68 million.  A B1 rating was assigned
to a new $50 million second lien term loan.  The Ba3 Probability
of Default Rating was confirmed and the ratings outlook is stable.
This action concludes the review for possible downgrade initiated
on July 30, 2010.

AMN expects to use proceeds from the $118 million in incremental
debt, along with about $31 million cash on hand and a combination
of preferred and common stock, to finance the previously announced
acquisition of the parent company of Nursefinders, Inc. (dba
Medfinders).  The transaction is expected to close in the third
quarter of 2010 and is subject to customary closing conditions,
including regulatory approvals and refinancing.

From an operational standpoint, Moody's views the Medfinders
acquisition positively and anticipates the combination of these
two companies will create a relatively stronger player with
greater scale in the healthcare staffing and managed services
market.  Nonetheless, an acquisition of this size creates inherent
integration risks and Medfinders' home healthcare segment is a
direct provider of healthcare which, while complementary to AMN's
healthcare staffing services, has unique regulatory requirements
and a different revenue model.  The downgrade in the CFR to Ba3
further reflects an increase in financial leverage and a reduction
in unrestricted cash.  Moody's estimates that adjusted Debt to
EBITDA has increased from 4.1 times at June 30, 2010 to about 5.3
times on a pro forma basis for the acquisition and refinancing.
These metrics exclude any potential synergies and reflect Moody's
standard adjustments to capitalize off-balance sheet operating
leases, eliminate certain one-time items and treat 50% of the
preferred stock to be issued in connection with the acquisition as
debt.  Excluding the preferred stock adjustment and assuming no
synergies, pro forma leverage is estimated at 4.8 times.

The stable outlook incorporates indications that end market demand
is stabilizing and revenues may have reached the cyclical trough.
Moody's anticipates that credit metrics, currently weak for the
Ba3 rating category, will improve over the near term through
modest volume growth and the realization of potential revenue and
cost synergies.

Moody's downgraded this rating:

* Corporate Family Rating, to Ba3 from Ba2

Moody's assigned these ratings:

* $40 million proposed first lien revolver due 2014, Ba2 / LGD3
  (33%)

* $175 million proposed first lien term loan due 2015, Ba2 / LGD3
  (33%)

* $50 million proposed second lien term loan due 2016, B1 / LGD5
  (81%)

Moody's confirmed these ratings:

* Probability of Default Rating, Ba3

* $40 million senior secured revolver due December 2012, Ba1 /
  LGD2 (24%) -- to be withdrawn upon closing of the transaction

* $107 (previously $110) million senior secured first lien term
  loan B due December 2013, Ba1 / LGD2 (24%) - to be withdrawn
  upon closing of the transaction

The ratings are subject to Moody's review of final documentation.

The previous rating action on AMN Healthcare occurred on July 30,
2010 when all ratings were placed on review for possible
downgrade.

Headquartered in San Diego, California, AMN Healthcare Services,
Inc., is a leading healthcare staffing company in the US.  The
company recruits physicians, nurses and allied healthcare
professionals and places them on assignments at acute care
hospitals, physician practice groups and other healthcare
settings.  For the twelve months ended June 30, 2010, AMN reported
revenues of approximately $600 million.  Medfinders, also a
healthcare staffing company, reported revenues of approximately
$300 million in 2009.


AMR CORP: American Airlines Reports July Load Factor of 87%
-----------------------------------------------------------
American Airlines reported a July load factor of 87.0%, a decrease
of 0.3 points versus the same period last year.  Traffic increased
2.7% and capacity increased 3.1% year over year.  Domestic traffic
decreased 0.4% year over year on 0.8% more capacity.
International traffic increased by 7.8% relative to last year on a
capacity increase of 6.5%.  The Company said it boarded
8.1 million passengers in July.  A full-text copy of the Company's
July traffic results is available for free at
http://ResearchArchives.com/t/s?67f8

                       About AMR Corporation

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

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

The Company's balance sheet for June 30, 2010, showed
$25.8 billion in total assets, $9.3 billion in total current
liabilities, $9.1 billion in long-term debt, $526.0 million in
obligation under capital leases, $7.5 billion in pension and
postretirement benefits, $3.1 billion in other liabilities, and
$3.9 billion in stockholders' deficit.

                           *     *     *

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


AMR CORP: CEO Arpey, et al. Dispose of Common Shares
----------------------------------------------------
AMR Corp. Chairman, president and CEO Gerard J. Arpey disclosed
disposing of 5,290 shares of common stock for $6.89 a share on
July 23, reducing his stake to 2,027,164 shares.  He directly
holds those shares.  The shares were withheld from the July 23,
2007 deferred share award that vested on July 23, 2010, to satisfy
tax liability on the shares issued upon vesting.

EVP Daniel P. Garton disclosed that he disposed of 2,831 shares of
common stock for $6.89 a share on July 23, reducing his stake to
746,664 shares.  He directly holds those shares.  The shares were
withheld from the July 23, 2007 deferred share award that vested
on July 23, 2010, to satisfy tax liability on the shares issued
upon vesting.

EVP of Operations Robert W. Reding disclosed that he disposed of
1,124 shares at $6.89 a share and 3,126 shares at $7.1268 a share
in separate transactions on July 23.  The transactions reduced his
stake to 698,232 shares.  He directly holds those shares.  The
shares were withheld from the July 23, 2007 deferred share award
that vested on July 23, 2010, to satisfy tax liability on the
shares issued upon vesting.

                       About AMR Corporation

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

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

The Company's balance sheet for June 30, 2010, showed
$25.8 billion in total assets, $9.3 billion in total current
liabilities, $9.1 billion in long-term debt, $526.0 million in
obligation under capital leases, $7.5 billion in pension and
postretirement benefits, $3.1 billion in other liabilities, and
$3.9 billion in stockholders' deficit.

                           *     *     *

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


AMR CORP: Officers Receive Stock Appreciation Rights
----------------------------------------------------
Three AMR Corp. officers disclosed:

     -- receiving on July 26 stock appreciation rights and common
        shares under the Company's equity plans; and

     -- disposing off common shares to satisfy a tax liability
        on July 23.

Thomas W. Horton, AMR Corp.'s EVP Finance & Planning, acquired
50,100 in Stock Appreciation Rights.  The SARs become exercisable
in five equal annual installments on July 26, 2011, July 26, 2012,
July 26, 2013, July 26, 2014 and July 26, 2015.

Mr. Horton acquired 42,900 common shares, representing Performance
Shares granted under the 2010/2012 Performance Share Plan and the
2009 Long Term Incentive Plan.

Mr. Horton also acquired 34,950 common shares, representing
deferred shares granted under the LTIP.  The shares will vest
three years after the date of grant provided Mr. Horton remains
employed by AMR (or a subsidiary thereof) on the vesting date.

According to each of the officers' Form 4 filings with the
Securities and Exchange Commission, the measurement period ends on
December 31, 2012, with vesting dependent upon the total
shareholder return of AMR's common stock relative to its
competitor's.

Mr. Horton on July 23 disposed of 1,984 shares of AMR common
stock, reducing his stake to 641,904 shares.  The shares were
withheld from the July 23, 2007 deferred share award that vested
on July 23, 2010 to satisfy tax liability on the shares issued
upon vesting.

The July 26 transactions raised Mr. Horton's stake to 719,754
shares.  He directly holds those shares.

SVP and Chief Financial Officer Isabella D. Goren acquired 17,000
in Stock Appreciation Rights.  Ms. Goren acquired 14,550 common
shares, representing Performance Shares granted under the
2010/2012 Performance Share Plan and the 2009 Long Term Incentive
Plan.  She also acquired 11,850 common shares, representing
deferred shares granted under the LTIP.  The shares will vest
three years after the date of grant provided Ms. Goren remains
employed by AMR (or a subsidiary thereof) on the vesting date.

Ms. Goren disclosed in an earlier filing that she held 386,269
common shares.  Ms. Goren disposed of 1,125 shares of those
shares, reducing her stake to 385,144 shares.  The shares were
withheld from the July 23, 2007 deferred share award that vested
on July 23, 2010 to satisfy tax liability on the shares issued
upon vesting.

The July 26 transactions raised Ms. Goren's stake to 411,544
shares.  She directly holds those shares.

Sr. VP and General Counsel Gary F. Kennedy acquired 17,000 in
Stock Appreciation Rights.  He also acquired 14,550 common shares,
representing Performance Shares granted under the 2010/2012
Performance Share Plan and the 2009 Long Term Incentive Plan.  He
also received 11,850 common shares, representing deferred shares
granted under the LTIP.  The shares will vest three years after
the date of grant provided Mr. Kennedy remains employed by AMR (or
a subsidiary thereof) on the vesting date.

Mr. Kennedy disposed of 1,125 shares of AMR common stock, reducing
his stake to 404,669 shares.  The shares were withheld from the
July 23, 2007 deferred share award that vested on July 23, 2010 to
satisfy tax liability on the shares issued upon vesting.

The July 26 transactions raised Mr. Kennedy's stake to 431,069
shares.  He directly holds those shares.

                       About AMR Corporation

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

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

The Company's balance sheet at June 30, 2010, showed $25.8 billion
in total assets, $9.3 billion in total current liabilities, $9.1
billion in long-term debt, $526.0 million in obligation under
capital leases, $7.5 billion in pension and postretirement
benefits, $3.1 billion in other liabilities, and $3.9 billion in
stockholders' deficit.

                           *     *     *

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


AR PROPERTIES: Case Summary & 4 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: AR Properties Unlimited, LLC
        10030 Lakewood Boulevard
        Downey, CA 90240

Bankruptcy Case No.: 10-42423

Chapter 11 Petition Date: August 3, 2010

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

Judge: Vincent P. Zurzolo

Debtor's Counsel: Raymond H. Aver, Esq.
                  Law Offices of Raymond H. Aver APC
                  12424 Wilshire Boulevard, Suite 720
                  Los Angeles, CA 90025
                  Tel: (310) 571-3511
                  Fax: (310) 571-3512
                  E-mail: ray@averlaw.com

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

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

A copy of the Company's list of four largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/cacb10-42423.pdf

The petition was signed by Zineb Lahlou, managing member.


ARIEL FUND LIMITED: N.Y. Supreme Court Sets Sept. 20 Bar Date
-------------------------------------------------------------
On July 30, 2010, the New York State Supreme Court entered an
order setting September 30, 2010, at 5:00 p.m., prevailing New
York Time, as the deadline for claimants to submit a proof of
claim against:

    -- Ariel Fund Limited;
    -- Gabriel Capital, L.P.;
    -- Gabriel Alternative Assets, LLC; and
    -- Gabriel Assets, LLC.

Claim forms and additional information are available at
http://www.guidepostpartners.com/

As reported in the Troubled Company Reporter, J. Ezra Merkin ceded
to New York Attorney General Andrew Cuomo's demands that he step
down as manager of his hedge funds Ariel Fund Limited, Ascot
Partners, L.P., and Gabriel Capital, L.P., and place them into
receivership, following the collapse of Bernard L. Madoff
Investment Securities LLC.


ARVINMERITOR INC: Posts $3 Million Net Loss for June 30 Quarter
---------------------------------------------------------------
ArvinMeritor Inc. filed its quarterly report on Form 10-Q.  The
Company incurred a net loss of $3.00 million on $1.275 billion of
revenue for the three months ended June 30, 2010, compared with a
net loss of $164.00 million on $942 million of sales during the
same period a year earlier.

The Company's balance sheet at June 30, 2010, showed $2.81 billion
in total assets, $1.31 billion in total current liabilities,
$1.01 billion in long-term debt, $1.07 billion in retirement
benefits, $324.00 million in other liabilities, and stockholders'
deficit of $909.00 million.  Stockholders' deficit was
$877.0 million at March 31, 2010.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?67fe

                      About ArvinMeritor Inc.

Based in Troy, Michigan, ArvinMeritor, Inc. --
http://www.arvinmeritor.com/-- is a premier global supplier of a
broad range of integrated systems, modules and components to the
motor vehicle industry.   The Company marks its centennial
anniversary in 2009, celebrating a long history of 'forward
thinking.'  The company serves commercial truck, trailer and
specialty original equipment manufacturers and certain
aftermarkets, and light vehicle manufacturers.

ArvinMeritor carries a "B3" corporate family and probability of
Default ratings from Moody's Investors Service.  In July 2010,
when Moody's, raised the ratings to "B3" from "Caa1",  Moody's
noted that about 52% of the company's fiscal 2010 revenues to date
are from North America, where demand is expected to strengthen in
the second half of the year.  But with, approximately 21% of the
company's revenue from Europe, a slower pace of economic recovery
is expected to constrain overall growth.  Tight credit markets
also may limit near-term growth in commercial vehicle purchases,
according ot Moody's.


ASPEN LEGACY: Files Schedules of Assets and Liabilities
-------------------------------------------------------
Aspen Legacy Holdings, LLC, filed with the U.S. Bankruptcy Court
for the District of Colorado its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property               $28,000,000
  B. Personal Property              $451,726
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $12,565,006
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $507,969
                                 -----------      -----------
        TOTAL                    $28,451,726      $13,072,975

Basalt, Colorado-based Aspen Legacy Holdings, LLC, filed for
Chapter 11 bankruptcy protection on June 23, 2010 (Bankr. D. Colo.
Case No. 10-25617).  Shaun A. Christensen, Esq., who has an office
in Denver, Colorado, represents the Company in its restructuring
effort.  The Company estimated its assets and debts at $10 million
to $50 million as of the Petition Date.


ATLANTA'S CASCADE: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Atlanta's Cascade Concrete Pumping & Foundations, Inc.
        925 Research Center Atlanta Dr.
        Atlanta, GA 30331

Bankruptcy Case No.: 10-82335

Chapter 11 Petition Date: August 2, 2010

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

Judge: Joyce Bihary

Debtor's Counsel: Allen Meadors, Esq.
                  The Hurt Building, 50 Hurt Plaza, Suite 930
                  Altanta, GA 30303
                  Tel: (404) 521-3100

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 Marshell Ogando, president.


BAYTEX ENERGY: S&P Raises Corporate Credit Rating to 'BB'
---------------------------------------------------------
Standard & Poor's Ratings Services said that it raised its long-
term corporate credit rating on Calgary, Alta.-based Baytex Energy
Trust to 'BB' from 'BB-' following a review of the trust's current
and prospective business risk and financial risk profiles.  The
outlook is stable.

At the same time, Standard & Poor's raised its rating on Baytex's
senior unsecured debt to 'B+' from 'B'.  The recovery rating on
the senior unsecured debt is unchanged at '6', indicating S&P's
expectation for negligible (0%-10%) recovery in the event of
default.

"Baytex's ability to maintain a consistently low operating cost
profile as it develops its land base was a key consideration in
S&P's decision to raise the ratings," said Standard & Poor's
credit analyst Michelle Dathorne.  "In addition, the trust's
ability to keep leverage levels relatively low has created a
financial risk profile that S&P believes provides further strength
to its overall credit profile," Ms. Dathorne added.

In S&P's opinion, the ratings on Baytex reflect the trust's
participation in the highly volatile and cyclical oil and gas
industry, its midsize reserve base, its relatively narrow
production diversification, and regionally focused upstream
operations.  These factors, which hamper the trust's overall
credit profile, are somewhat tempered by the relatively low-risk
nature of the trust's reserve base, the good development
opportunities associated with Baytex's existing portfolio of
assets, and moderate capital structure for the 'BB' rating.
Standard & Poor's expects the trust's near-term business strategy
will focus on drill bit-related reserve replacement as it works to
develop its sizable proved undeveloped and probable reserves.

Baytex is a Canada-based conventional oil and gas upstream income
trust that produces heavy oil, light oil, and natural gas.  The
heavy oil production accounts for approximately 60% of production
and 70% of oil-equivalent reserves.  Its operations consist
predominantly of cold primary production, without the assistance
of steam injection.  The light oil and natural gas operations
produce light and medium gravity crude oil, natural gas, and
natural gas liquids from fields in Alberta and British Columbia.

The stable outlook reflects Standard & Poor's expectation that
Baytex will continue to largely pay for its capital spending
program and distributions with internally generated cash flows,
and manage distribution levels to balance market conditions.  S&P
also expects the trust will continue to focus on its internal
development opportunities, as it strives to maintain a stable
production and reserve profile.  The outlook also incorporates
S&P's view that Baytex's financial metrics are strong for the 'BB'
rating, and that it can withstand considerable deterioration in
its debt-to-cash-flow and coverage metrics and still maintain a
financial risk profile commensurate with the rating.  A positive
rating action is possible if the trust achieves its growth
objectives and realizes the potential enhancement in its reserve
profile, while maintaining its fully adjusted debt-to-EBITDA at or
below 1.5x and funds from operations-to-total adjusted debt at or
above 60%.  Conversely, a negative rating action could occur if
Baytex increases debt levels to fund expansion or its
distributions whereby debt-to-EBITDA increases above 2.5x for a
sustained period.


BILLY KNOLLENBERG: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Joint Debtors: Billy Knollenberg
               Doris Knollenberg
               21818 I-45 North
               Spring, TX 77373

Bankruptcy Case No.: 10-36593

Chapter 11 Petition Date: August 2, 2010

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

Judge: Marvin Isgur

Debtors' Counsel: Calvin C. Braun, Esq.
                  Orlando & Braun LLP
                  3401 Allen Parkway, Suite 101
                  Houston, TX 77019
                  Tel: (713) 521-0800
                  Fax: (713) 521-0842
                  E-mail: calvinbraun@orlandobraun.com

Scheduled Assets: $1,256,846

Scheduled Debts: $572,143

A list of the Joint Debtors' 20 largest unsecured creditors filed
together with their petition is available for free at
http://bankrupt.com/misc/txsb10-36593.pdf


BOSQUE POWER: Hearing on Lenders' Plan Outline Set for August 23
----------------------------------------------------------------
The Hon. Ronald B. King, S.A., of the U.S. Bankruptcy Court for
the Western District of Texas will consider on August 23, 2010, at
10:00 a.m., prevailing Central Time, the adequacy of the
disclosure statement explaining the lenders' Plan of
Reorganization for Bosque Power Company, LLC, et al.  The hearing
will be held at Courtroom 3, Hipolito F. Garcia Federal Building &
Courthouse, 615 E. Houston Street, San Antonio, Texas.
Objections, if any, are due 5:00 p.m., on August 17.

As reported in the Troubled Company Reporter on July 27, 2010, the
Court granted a bid by senior lenders to shorten the Debtors'
exclusivity period in order to allow other parties to file a plan
for the Debtors, according to Bankruptcy Law360.

The Plan proponents will begin soliciting votes on the Plan
following approval of the adequacy of the information in the
Disclosure Statement.

According to the Disclosure Statement, the lenders' Plan provides
that on the effective date: (a) all of the issued and outstanding
equity interests in BPP will be cancelled; and (b) Reorganized BPP
will issue the new securities to the holders of the Class 2
prepetition secured obligation claims.

All property comprising the estates of each Reorganizing Debtor,
including, but not limited to, all avoidance actions and all
causes of action will automatically be retained and revested in
the relevant Reorganized Debtor or its respective successor.

                        Treatment of Claims

   Class                                   Estimated Recovery
   -----                                   ------------------
   2 Prepetition Secured Obligation
     Claims                                          N/A

   3 Lauren Engineers & Constructors, Inc.,
     Allowed Claim                                  100%

   4 Miscellaneous Secured Claims                   100%

   5 General Unsecured Claims                       100%

   6 Intercompany Claims                              0%

   7 Intercompany Interests in BPC                   N/A

Each Holder of Claims in Class 2 will receive its pro rata share
of 100% of the new securities issued by BPP and outstanding on the
effective date.  Additionally, the Reorganized Debtors will pay in
full, in cash, any and all outstanding and unpaid fees and
expenses incurred by the prepetition secured parties'
professionals and the L/C issuer through the effective date
without further motion, fee application or order of the Bankruptcy
Court.

Although Holders of Intercompany Interests in BPC will not receive
any distribution on account of the intercompany interests,
intercompany interests in BPC will not be cancelled and, solely to
implement the PSP Plan, will be reinstated.

A full-text copy of the disclosure statement explaining the
Lenders' Plan is available for free at
http://bankrupt.com/misc/BosquePower_LendersDS.pdf

                             Debtors' Plan

The TCR reported on July 22, that according to Bankruptcy Law360
Bosque Power launched a proposed blueprint for reorganization that
would see its equity sponsor pouring a $42.5 million infusion into
the company in exchange for an 85% stake in the reorganized
company.

A full-text copy of the disclosure statement explaining the
Debtors' plan is available for free at
http://bankrupt.com/misc/BosquePower_DS.pdf

                        About Bosque Power

Laguna Park, Texas-based Bosque Power Company, LLC, owns and
operates an 800-megawatt natural gas fired power plant.  The
power-generating facility, located in Laguna Park, commenced
operations as a natural-gas power plant in 2000.  Bosque Power
Partners owns 100% of the membership interest in Bosque Power.

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


BOZEL SA: Has Plan Filing Exclusivity Until December 2
------------------------------------------------------
The Hon. Arthur J. Gonzalez of the U.S. Bankruptcy Court for the
Southern District of New York extended Bozel S.A.'s exclusive
periods to file and solicit acceptances for a Chapter 11 plan
until December 2, 2010, and February 1, 2011, respectively.

Luxembourg-based mineral mining company Bozel S.A. sought Chapter
11 protection (Bankr. S.D.N.Y. Case No. 10-11802) on April 6,
2010.  In its petition, the Debtor estimated assets of $50 million
to $100 million, and debts of $10 million to $50 million.  William
F. Savino, Esq., Daniel F. Brown, Esq., and Beth Ann Bivona, Esq.,
at Damon Morey LLP in Buffalo, N.Y., represent the Debtor.


BRIDGEVIEW AEROSOL: Hearing on Further Cash Use Set for August 12
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois,
in a seventh interim order, authorized Bridgeview Aerosol, LLC,
Aeronuevo, LLC, and USAerosols, LLC, to use the cash collateral of
Well Fargo Bank, National Association.

A hearing on the Debtors' further use of the cash collateral will
be held on August 12, at 10:30 a.m., Central Time.  Objections, if
any, are due on August 9, at 5:00 p.m.

The Debtors may use the cash collateral to operate their
businesses and to facilitate the reorganization of their balance
sheets and business.

As reported in the Troubled Company Reporter on March 26, 2010,
the Debtors owe Wells Fargo $12,000,000 on a secured loan.  Wells
Fargo has consented to Debtors' use of cash collateral, subject to
a permitted variance of 10% per line item.

The Debtors will make provisional interest payments to Wells Fargo
as adequate protection for any diminution in value of its
collateral:

     (a) $36,251 per month for their use of the cash collateral,
         plus

     (b) $13,901 per month for the Debtors' use of the property in
         Bridgeview, Illinois, that AeroNuevo owns.

The Debtors will also grant Wells Fargo Bank liens of the highest
available priority upon any asset that the Debtors acquire
postpetition and any proceeds generated from the property; and
adequate protection liens, which will be subject only to prior
perfected and unavoidable liens in property of the Debtors' estate
as of the Petition Date.  In case the adequate protection liens
and provisional interest payments are inadequate, Wells Fargo will
have an allowed claim against the Debtors' estates that will be
superior to any claim, whether an administrative of priority
claim, against the Debtors' estates.

                     About Bridgeview Aerosol

Bridgeview, Illinois-based Bridgeview Aerosol, LLC provides
manufactures, packages and distributes household cleaning and
automotive aerosol products.  Affiliate AeroNuevo owns the real
property on which BVA operates. USAerosols is the parent company
of BVA and AeroNuevo.

Bridgeview Aerosol and its debtor-affiliates filed for Chapter 11
on October 30, 2009 (Bankr. N.D. Ill. Lead Case No. 09-41021).
Steven B. Towbin, Esq., at Shaw Gussis et al., assists the Debtors
in their restructuring efforts.  Bridgeview Aerosol estimated $10
million to $50 million in assets and debts as of the Petition
Date.


BRIGHAM EXPLORATION: Posts $18 Mil. Net Loss for June 30 Quarter
----------------------------------------------------------------
Brigham Exploration Company said it reported record quarterly
production volumes and its financial results for the second
quarter and six months ended June 30, 2010.

The Company posted net income of $18.47 million for the three
months ended June 30, 2010, compared with net loss of
$6.96 million for the same period a year earlier.

The Company said, "Our average daily production volumes for the
second quarter 2010 were a quarterly record 7,756 barrels of crude
oil equivalent per day, up 71% from the second quarter 2009 and up
43% from the first quarter 2010.  Our previous record quarterly
production volumes of 7,709 Boe per day were achieved in the
second quarter 2007 and reflected production contributions from
several of our high rate Southern Louisiana natural gas wells.
Benefiting from both our operated and non-operated drilling
activity in the Williston Basin, our crude oil production volumes
for the second quarter 2010 averaged 5,584 barrels per day, which
represents a 206% increase from that in the second quarter 2009
and a 57% sequential increase from that in the first quarter 2010.
Our crude oil production volumes represented 72% of our total
production volumes in the second quarter 2010 as compared to 40%
in the second quarter 2009 and 66% in the first quarter 2010.

"Our production volumes in the Williston Basin for the second
quarter 2010 were 5,526 Boe per day, which represents a 334%
increase from that in the second quarter 2009 and a 71% sequential
increase from that in the first quarter 2010.

"Our second quarter production volumes included approximately
5,089 barrels of crude oil produced during the quarter and added
to inventory.  Adjusting our production volumes for amounts
included in inventory resulted in second quarter 2010 daily sales
volumes of 7,700 Boe per day.

"Revenues from the sale of crude oil and natural gas, including
hedge settlements for the second quarter 2010, were up 186% to
$41.4 million as compared to that in the second quarter 2009.
Higher crude oil sales volumes and crude oil prices increased
revenues by $16.5 million and $9.8 million, respectively.  Higher
natural gas prices increased revenues by $2.0 million while lower
natural gas sales volumes decreased revenues by $1.0 million.

"Finally, lower hedge settlements reduced revenues by
$0.4 million.  During the second quarter 2010, our average
realized price for crude oil was $68.93 per barrel, which included
a $0.26 per barrel loss due to the cash settlement of our crude
oil derivative contracts.  This compares to an average realized
price in the second quarter 2009 of $48.06 per barrel, which
included a $1.35 per barrel cash loss due to the settlement of our
crude oil derivative contracts.  Our average realized price for
natural gas in the second quarter 2010 was $6.08 per Mcf, which
included a $0.84 per Mcf cash gain associated with the settlement
of our natural gas derivative contracts.  This compares to an
average realized price in the second quarter 2009 of $4.53 per
Mcf, which included a $1.03 per Mcf cash gain due to the
settlement of our natural gas derivative contracts.

"Our second quarter 2010 production costs, which include costs for
operating and maintaining our producing wells, expensed workovers,
ad valorem taxes and production taxes, were up $1.13 per Boe when
compared to those in the second quarter 2009.  The increase was
largely driven by a $3.59 per Boe increase in production taxes,
which was driven by higher commodity prices and higher levels of
production in North Dakota, which are subject to an 11.5% tax
rate.  Expensed workovers increased $0.80 per Boe, with the
majority of the increase due to several workovers of our
conventional Gulf Coast and Anadarko Basin natural gas wells.

"The increases in production taxes and expensed workovers were
partially offset by a $2.96 per Boe decrease in O&M expense due
primarily to our higher production volumes.

"Our general and administrative (G&A) expenses for the second
quarter 2010 increased $0.4 million compared to the second quarter
2009 primarily because of an increase in employee compensation
costs, which was partially associated with increased level of
employee bonuses and bonus accruals as we re-instated our
performance bonus plan in 2010 after suspending the plan in 2009.

"Our depletion expense for the second quarter 2010 was
$14.2 million compared to $6.2 million in the second quarter 2009.
Our higher sales volumes increased depletion expense by
$4.4 million and our higher depletion rate increased depletion
expense by $3.6 million.

"Our net interest expense for the second quarter 2010 decreased
$1.3 million from the second quarter 2009. This decrease was
primarily due to the repayment of our Senior Credit Facility as a
result of our October 2009 equity offering.

"We recorded no income tax expense in either the second quarter
2010 or the second quarter 2009, as we are reversing our deferred
tax asset valuation allowance against deferred income tax expense.
Our reported net income for the second quarter 2010 was
$18.5 million versus net income (loss) of ($7.0) million for the
same period last year.  Our after-tax earnings in the second
quarter 2010 excluding unrealized mark-to-market hedging gains
were $15.0 million as compared to our after-tax earnings (loss) in
the second quarter 2009 excluding unrealized mark-to-market
hedging losses and the non-cash write-down of the carrying value
of our inventory were ($2.8) million (($0.05) per diluted share).
After-tax earnings excluding the above items is a non-GAAP measure
and a reconciliation of GAAP net income to after-tax earnings
excluding the above items is included in our accompanying
financial tables," said the company.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?680f

                    About Brigham Exploration

Austin, Texas-based Brigham Exploration Company (NASDAQ: BEXP)
-- http://www.bexp3d.com/-- is an independent exploration,
development and production company that utilizes advanced
exploration, drilling and completion technologies to
systematically explore for, develop and produce domestic onshore
oil and natural gas reserves.  In late 2007, the majority of the
Company's drilling capital expenditures shifted from its
historically active areas in the Onshore Gulf Coast, the Anadarko
Basin and West Texas to the Williston Basin in North Dakota and
Montana, where the Company is currently targeting the Bakken,
Three Forks and Red River objectives.

The Company's balance sheet at June 30, 2010, showed
$862.21 million in total assets, $289.19 million in total
liabilities, and stockholders' equity of $573.01 million.

                          *     *     *

Brigham carries 'Caa1' corporate family and probability of default
ratings, with 'positive' outlook, from Moody's Investors Service.
It has a 'B' corporate credit rating, with 'stable' outlook from
Standard & Poor's Ratings Services.  Moody's noted in June 2010
that that "[W]hile Brigham's recent results and 2010-11 drilling
program are positive and provide cash flow visibility, the company
remains very small measured by production and proven reserves and
future growth and full-cycle reinvestment costs are fairly
undiversified, being largely reliant on Bakken/Three Forks."


BROWNWOOD COMPUTER: Case Summary & 13 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Brownwood Computer Innovations, Inc.
        P.O. Box 2268
        Brownwood, TX 76804

Bankruptcy Case No.: 10-60165

Chapter 11 Petition Date: August 2, 2010

Court: United States Bankruptcy Court
       Northern District of Texas (San Angelo)

Judge: Robert L. Jones

Debtor's Counsel: Kerry L. Haliburton, Esq.
                  Naman, Howell, Smith & Lee, PLLC
                  P.O. Box 1470
                  Waco, TX 76703-1470
                  Tel: (254) 755-4100
                  Fax: (254) 754-6331
                  E-mail: haliburton@namanhowell.com

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

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

A list of the Company's 13 largest unsecured creditors filed
together with the petition is available for free at:

         http://bankrupt.com/misc/txnb10-60165.pdf

The petition was signed by Vicki McLaughlin, president.


CASA DE LUNA: Case Summary & 4 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Casa de Luna Properties, LP
        2305 Lake Stone Cove
        Austin, TX 78738

Bankruptcy Case No.: 10-12170

Chapter 11 Petition Date: August 2, 2010

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

Judge: Craig A. Gargotta

Debtor's Counsel: John W. Alvis, Esq.
                  P.O. Box 1068
                  San Marcos, TX 78667
                  Tel: (512) 350-8144
                  Fax: (512) 393-3356
                  E-mail: alvislaw@aol.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 four largest unsecured creditors filed
together with the petition is available for free at:

      http://bankrupt.com/misc/txwb10-12170.pdf

The petition was signed by Todd A. Moon, authorized representative
of general partner.


CASCADE FINANCIAL: Gets Minimum Bid Price Non-Compliance Notice
---------------------------------------------------------------
Cascade Financial Corporation received notice from The Nasdaq
Stock Market stating that the minimum bid price of Cascade's
common stock was below $1.00 per share for 30 consecutive business
days and that Cascade was therefore not in compliance with Nasdaq
Marketplace Rule 5450(a)(1).  The notification letter has no
effect at this time on the listing of Cascade's common stock on
the Nasdaq Global Market. Cascade's common stock will continue to
trade on the Nasdaq Global Market under the symbol CASB.

The notification letter states that Cascade will be afforded 180
calendar days, or until January 31, 2011, to regain compliance
with the minimum closing bid price requirement.  To regain
compliance, the closing bid price of Cascade's common stock must
meet or exceed $1.00 per share for at least ten consecutive
business days.

If Cascade does not regain compliance by January 31, 2011, Nasdaq
will provide written notification to Cascade that its securities
are subject to delisting.  At that time, Cascade may appeal the
delisting determination to a Nasdaq Hearings Panel. Alternatively,
Cascade could apply to transfer its common stock to The Nasdaq
Capital Market if it satisfies all of the requirements, other than
the minimum bid price requirement, for initial listing on The
Nasdaq Capital Market set forth in Marketplace Rule 5505.  If
Cascade were to elect to apply for such transfer and if it
satisfies the applicable requirements and its application is
approved, Cascade would have an additional 180 days to regain
compliance with the minimum bid price rule while listed on The
Nasdaq Capital Market.

Cascade intends to actively monitor the bid price for its common
stock between now and January 31, 2011 and will consider available
options to regain compliance with the Nasdaq minimum bid price
requirement.

                    About Cascade Financial

Established in 1916, Cascade Bank, the only operating subsidiary
of Cascade Financial Corporation, is a state chartered commercial
bank headquartered in Everett, Washington.  Cascade Bank maintains
an "Outstanding" CRA rating and has proudly served the Puget Sound
region for over 90 years.  Cascade Bank operates 22 full service
branches in Everett, Lynnwood, Marysville, Mukilteo, Shoreline,
Smokey Point, Issaquah, Clearview, Woodinville, Lake Stevens,
Bellevue, Snohomish, North Bend, Burlington and Edmonds.


CHARLES SMITH: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Joint Debtors: Charles P. Smith, IV
               Sharon Lee Smith
               aka Sharon Stern Smith
               1122 SW 32nd Street
               Palm City, FL 34990

Bankruptcy Case No.: 10-32575

Chapter 11 Petition Date: August 2, 2010

Court: United States Bankruptcy Court
       Southern District of Florida (West Palm Beach)

Judge: Paul G. Hyman Jr.

Debtor's Counsel: Julianne R. Frank, Esq.
                  11382 Prosperity Farms Rd. #230
                  Palm Beach Gardens, FL 33410
                  Tel: (561) 626-4700
                  Fax: (561) 627-9479
                  E-mail: fwbbnk@bellsouth.net

Scheduled Assets: $1,625,078

Scheduled Debts: $2,161,367

A list of the Joint Debtors' 20 largest unsecured creditors filed
together with the petition is available for free at:

      http://bankrupt.com/misc/flsb10-32575.pdf


CHERYL LUTTMAN: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Cheryl A. Luttman
        5161 Harp Drive
        Linden, MI 48451

Bankruptcy Case No.: 10-24421

Chapter 11 Petition Date: August 3, 2010

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

Judge: Randolph J. Haines

Debtor's Counsel: Kevin J. Rattay, Esq.
                  Kevin J. Rattay PLC
                  3200 N. Central Avenue, Suite 2000
                  Phoenix, AZ 85012
                  Tel: (602) 248-1066
                  Fax: (602) 248-0522
                  E-mail: kjr@rattaylaw.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.


CHERYL REAGAN: Spendthrift Trust Funds Not Estate Assets
--------------------------------------------------------
WestLaw reports that a bankruptcy court did not clearly err in
finding that the trustee of a spendthrift trust established for
the benefit of an individual Chapter 11 debtor had not delayed
"unreasonably" in not making any distribution during the eight
months after entry of a probate court order directing the funding
of the trust.  Thus, distributions which allegedly should have
been made were not included in the estate on an "unreasonable
delay" theory, though the will that established the trust required
the trustee to make net income distributions "no less frequently
than quarter-annually."  The trustee's failure to make required
distributions had to be evaluated against the backdrop of the
debtor's bankruptcy, with multiple counsel and more than one
thousand filings, and the difficulty faced by the trustee in
acquiring and finalizing assets of the trust.  In re Reagan, ---
B.R. ----, 2010 WL 1533134 (W.D. Ark.) (Dawson, J.).

This decision affirms a ruling by the Honorable Ben T. Barry in
Wetzel, et al. v. Regions Bank, et al., Adv. Pro. No. 08-7158
(W.D. Ark.), determining that the spendthrift trust funds were
excluded from the Debtor's estate.  As a result, Judge Barry --
see http://is.gd/e5PPM-- has directed disputed income from the
spendthrift trust be paid to the Debtor.

Cheryl A. Reagan is the beneficiary of a spendthrift trust created
by her husband, Ronald E. Reagan, who died on Feb. 1, 2000,
leaving an estate valued at $19,936,612.  While serving as the
Executrix of her husband's estate, Mrs. Reagan should have
deposited the proceeds from the sale of stock in the Chem-Fab
Corporation in the spendthrift trust.  Contrary to the
instructions in Mr. Reagan's will, Mrs. Reagan used the sale
proceeds to finance a series of business ventures that ultimately
proved unsuccessful.  On Apr. 23, 2004, the Circuit Court of
Garland County, Arkansas, ruling on an ex parte petition by Rex
Reagan, one of Mr. Reagan's sons and beneficiaries, froze the
assets of Mr. Reagan's estate.  This relief was made permanent on
May 11, 2004.  Mrs. Reagan filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Ark. Case No. 04-77590) on Nov. 17, 2004.  Frederick
S. Wetzel, III, serves as the chapter 11 trustee in Mrs. Reagan's
bankruptcy proceeding.


CHRISTOPHER VALENCIA: Case Summary & Creditors List
---------------------------------------------------
Joint Debtors: Christopher Lintao Valencia
               Athena Lardizabal Valencia
               8702 Bay Laurel Court
               Tampa, FL 33647

Bankruptcy Case No.: 10-18777

Chapter 11 Petition Date: August 3, 2010

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

Judge: Michael G. Williamson

Debtor's Counsel: Buddy D. Ford, Esq.
                  115 N. MacDill Avenue
                  Tampa, FL 33609-1521
                  Tel: (813) 877-4669
                  Fax: (813) 877-5543
                  E-mail: Buddy@tampaesq.com

Scheduled Assets: $1,567,977

Scheduled Debts: $2,268,624

A copy of the Joint Debtors' list of 20 largest unsecured
creditors filed together with the petition is available for free
at http://bankrupt.com/misc/flmb10-18777.pdf


CINCINNATI BELL: Inks Employment Agreement With CMO Tara Khoury
---------------------------------------------------------------
Cincinnati Bell Inc. entered into an employment agreement with its
chief marketing officer, Tara L. Khoury.

According to the agreement, Ms. Khoury will be retained as CMO for
a one-year term subject to automatic one-year extensions.  She
will have a minimum base salary of $321,300 per year and a minimum
bonus target of $192,780.  She will also be eligible for long term
incentive awards under the Company's 2007 Long Term Incentive Plan
and any similar plan made available to the Company's executives.

A full-text copy of the Employment Agreement is available for free
at http://ResearchArchives.com/t/s?67fb

                      About Cincinnati Bell

Cincinnati Bell Inc., with headquarters in Cincinnati, Ohio,
provides telecommunications products and services to residential
and business customers in Ohio, Kentucky and Indiana.

At March 31, 2010, the Company had total assets of $2.589 billion
against total liabilities of $3.224 billion, resulting in
shareowners' deficit of $634.6 million.  The March 31, 2010
balance sheet showed strained liquidity: The Company had total
current assets of $848.7 million against total current liabilities
of $852.0 million.

                           *     *     *

As reported by the Troubled Company Reporter on June 21, 2010,
Fitch Ratings downgraded Cincinnati Bell's Issuer Default Rating
to 'B' from 'B+'.  The downgrade reflects the increase in
financial and business risk caused by Cincinnati Bell's acquistion
of privately held data center operator CyrusOne Networks, LLC, as
well as a potentially more aggressive strategy on the part of CBB
to expand its data center business.

The Company carries a 'B+' corporate credit rating from Standard &
Poor's.


CINCINNATI BELL: Posts $10 Million Net Income for June 30 Quarter
-----------------------------------------------------------------
Cincinnati Bell Inc. reported financial results for the second
quarter of 2010.  For the quarter, revenue was $339 million, an
increase of 3 percent compared to the second quarter of 2009.

Operating income was $70 million, and net income of $10 million
resulted in diluted earnings per share of 3 cents, which included
special item charges totaling 8 cents.  Diluted earnings per share
excluding special items1 was 11 cents.  Cincinnati Bell generated
adjusted earnings before interest, taxes, depreciation and
amortization of $125 million in the second quarter, its highest
quarterly Adjusted EBITDA since the third quarter of 2004, and an
$8 million increase compared to last year.

For the first six months of 2010, Cincinnati Bell had operating
income of $152 million and generated Adjusted EBITDA of
$248 million.  Adjusted EBITDA is up $18 million compared to the
first half of 2009.

"Cincinnati Bell's first half Adjusted EBITDA is its highest since
2003. These results provide a solid foundation to build on for the
remainder of the year and enable us to increase our annual
Adjusted EBITDA guidance," said Jack Cassidy, president and chief
executive officer.  "Cincinnati Bell continues to deliver value to
customers through new communication and entertainment products and
services.  At the same time, the acquisition of CyrusOne will
allow our Technology Solutions segment to respond to continued and
growing demand for data center colocation services."

                  Financial and Operations Review

"We are pleased with our second quarter financial results, which
demonstrate the impact of revenue growth and vigilant cost
management," said Gary Wojtaszek, chief financial officer.  "The
completion of the CyrusOne acquisition was an important step
toward our goal to be the preferred provider of global data center
colocation services to Fortune 1000 companies.  As a result of the
refinancing activity completed over the past year, we have no
significant debt maturities until 2015, which provides us with the
flexibility and liquidity to invest a significant amount of our
generated cash flow into developing and growing our global data
center business."

On June 11, 2010, Cincinnati Bell completed the acquisition of
data center operator CyrusOne for $525 million, subject to working
capital adjustments. Cincinnati Bell secured $970 million of
financing to complete the $525 million acquisition, to refinance
$415 million of existing revolving credit and secured term loan
facilities, and for other general corporate purposes.  The new
senior credit facilities were comprised of a $210 million secured
revolving credit facility and a $760 million secured term loan
credit facility.

CyrusOne annualized pro forma second quarter results totaled
revenue of $74 million, operating income of $22 million, and
Adjusted EBITDA of $42 million.

                         Wireline Segment

Quarterly revenue equaled $187 million, down 3 percent or
$5 million from a year ago.  Operating income was $59 million
compared to $66 million in the second quarter of 2009 and included
a restructuring charge of $3 million related to future lease costs
on abandoned leased office space. Adjusted EBITDA totaled
$88 million, down 5 percent or $5 million from the prior year
quarter.

Year-over-year access line loss in the Cincinnati ILEC territory
remained constant with recent trends at 8.0 percent, and year-
over-year access line loss for the total company including the
Dayton and other CLEC markets was 7.1 percent.

For the quarter, Wireline added 3,000 Fioptics entertainment
subscribers and 1,000 high-speed Internet customers.  The company
now has 17,000 Fioptics entertainment customers and 15,800
Fioptics high-speed Internet customers. Homes passed with Fioptics
totaled 55,000 at the end of the second quarter compared to 41,000
at the end of 2009.

                          Wireless Segment

Quarterly revenue from the Wireless segment decreased 4 percent to
$74 million, reflecting lower postpaid service revenue.  Operating
income for the second quarter 2010 was $19 million, an increase of
$8 million from last year, and Adjusted EBITDA was $27 million, an
increase of $6 million, or 28 percent, from the second quarter of
2009.  The second quarter Adjusted EBITDA margin was 37 percent,
an improvement of 9 percentage points compared to the prior year
quarter.  The improvement was primarily due to reduced expenses
for handset subsidies, roaming, and other operating costs.

Postpaid average revenue per user (ARPU) in the second quarter was
$50.75 compared to $48.43 a year ago and included data ARPU growth
of 20 percent.  This improvement reflects positive momentum in
acquiring smartphone subscribers.  The company now has 85,600
smartphone subscribers, which is 46 percent more than at the end
of the second quarter of 2009.  Prepaid ARPU was $29.59, up $1.59
year-over-year due to the company's focus on higher revenue rate
plans.

                     Technology Solutions Segment

Including the results of CyrusOne since its acquisition on
June 11, 2010, Technology Solutions quarterly revenue was
$87 million, an increase of $18 million or 27 percent from the
second quarter of 2009.  Data center and managed services revenue
grew $7 million, or 21 percent, year-over-year, and
telecommunications and IT equipment revenue increased $10 million
or 31 percent.  Operating income in the second quarter of
$5 million included restructuring charges of $2 million and
remained flat compared to the prior year quarter.  Second quarter
Adjusted EBITDA increased $3 million to $14 million, up 30 percent
from a year ago, and included $2.5 million of Adjusted EBITDA from
the 20 days of CyrusOne operations since the acquisition closed on
June 11, 2010.

Data center utilization was 86 percent on 621,000 square feet of
data center space at June 30, 2010 compared to 90 percent on
446,000 square feet at the end of the first quarter. The increase
in data center square footage was due to the acquisition of
CyrusOne.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?67fa

                      About Cincinnati Bell

Cincinnati Bell Inc., with headquarters in Cincinnati, Ohio,
provides telecommunications products and services to residential
and business customers in Ohio, Kentucky and Indiana.

At March 31, 2010, the Company had total assets of $2.589 billion
against total liabilities of $3.224 billion, resulting in
shareowners' deficit of $634.6 million.  The March 31, 2010
balance sheet showed strained liquidity: The Company had total
current assets of $848.7 million against total current liabilities
of $852.0 million.

                           *     *     *

As reported by the Troubled Company Reporter on June 21, 2010,
Fitch Ratings downgraded Cincinnati Bell's Issuer Default Rating
to 'B' from 'B+'.  The downgrade reflects the increase in
financial and business risk caused by Cincinnati Bell's acquistion
of privately held data center operator CyrusOne Networks, LLC, as
well as a potentially more aggressive strategy on the part of CBB
to expand its data center business.

The Company carries a 'B+' corporate credit rating from Standard &
Poor's.


CITADEL ATHENS: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: Citadel Athens, LLC
        730 N. Post Oak Road, Suite 206
        Houston, TX 77024

Bankruptcy Case No.: 10-36588

Chapter 11 Petition Date: August 2, 2010

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

Judge: Karen K. Brown

Debtor's Counsel: Larry A. Vick, Esq.
                  908 Town & Country Blvd., Suite 120
                  Houston, TX 77024
                  Tel: (713) 333-6440
                  Fax: (713) 343-4757
                  E-mail: lv@larryvick.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 its largest unsecured creditors
together with its petition.

The petition was signed by Gregory D. Mathis, sole member.


CITIZENS BANCORP: Defers Payments to Trust Preferred Holders
------------------------------------------------------------
Citizens Bancorp reports that Citizens Bank of Northern
California's Tier 1 leverage capital ratio declined to 5.7% at
June 30, 2010 from 6.8% at March 31, 2010.  In order to strengthen
the Bank's balance sheet and attain a 9% Tier 1 capital ratio
level, preparations are underway for the holding company to launch
an initial public offering to raise new capital beginning in
September of 2010.  In order to preserve capital, in August 2009
the Company began deferring TARP dividend payments, and in July
2010 began deferring interest payments on about $15.5 million of
trust preferred securities.

Citizens Bank of Northern California was founded in February 1995,
and is headquartered in Nevada City, Calif.  The Bank became a
wholly owned subsidiary of Citizens Bancorp in 2003.  The Bank has
six branches serving communities throughout Nevada County,
including locations in Nevada City, Grass Valley, Penn Valley,
Lake of the Pines, and Truckee.  In addition to its Nevada County
branches, the Bank services the needs of its Placer County
customers with a branch located in Auburn.  The Bank offers
consumer loans and other traditional banking products and
services, designed to meet the needs of small and middle market
businesses and individuals.  At June 30, 2010, Citizens Bancorp's
balance sheet showed $325 million in assets and $5 million in
shareholders' equity.


CLAIRE'S STORES: Bank Debt Trades at 15% Off in Secondary Market
----------------------------------------------------------------
Participations in a syndicated loan under which Claire's Stores,
Inc., is a borrower traded in the secondary market at 84.63 cents-
on-the-dollar during the week ended Friday, Aug. 6, 2010,
representing an increase of 0.66 percentage points from the
previous week according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  The Company pays 275 basis
points above LIBOR to borrow under the facility.  The bank loan
matures on May 29, 2014, and carries Moody's Caa2 rating and
Standard & Poor's B- rating.  The loan is one of the biggest
gainers and losers among 199 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

                      About Claire's Stores

Claire's Stores, Inc. -- http://www.clairestores.com/-- operates
as a specialty retailer of fashion accessories and jewelry for
preteens and teenagers, as well as for young adults in North
America and internationally.  It offers jewelry products that
comprise costume jewelry, earrings, and ear piercing services; and
accessories, including fashion accessories, hair ornaments,
handbags, and novelty items.

Based in Pembroke Pines, Florida, Claire's Stores operates under
two brands: Claire's(R), which operates worldwide and Icing(R),
which operates only in North America.  As of Jan. 31, 2009,
Claire's Stores, Inc., operated 2,969 stores in North America and
Europe.  Claire's Stores, Inc., also operates through its
subsidiary, Claire's Nippon, Co., Ltd., 213 stores in Japan as a
50:50 joint venture with AEON, Co., Ltd.  The Company also
franchises 198 stores in the Middle East, Turkey, Russia, South
Africa, Poland and Guatemala.

Claire's Stores, Inc., reported a net loss of $12,300,000 for the
three months ended May 1, 2010, from a net loss of $29,023,000 for
the three months ended May 2, 2009.  Net sales were $322,077,000
for the three months ended May 1, 2010, from $293,098,000 for the
three months ended May 2, 2009.

At May 1, 2010, the Company had total assets of $2,828,167,000
against total current liabilities of $189,612,000; long-term debt
of $2,297,603,000; revolving credit facility of $194,000,000;
obligations under capital leases of $17,290,000; deferred tax
liability of $121,156,000; deferred rent expense of $22,680,000;
unfavorable lease obligations and other long-term liabilities of
$34,070,000; resulting in stockholder's deficit of $48,244,000.


CMP SUSQUEHANNA: Bank Debt Trades at 13% Off in Secondary Market
----------------------------------------------------------------
Participations in a syndicated loan under which CMP Susquehanna
Corporation is a borrower traded in the secondary market at 86.70
cents-on-the-dollar during the week ended Friday, Aug. 6, 2010,
representing an increase of 1.20 percentage points from the
previous week according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  The Company pays 200 basis
points above LIBOR to borrow under the facility.  The bank loan
matures on May 6, 2013, and carries Moody's Caa1 rating and
Standard & Poor's B- rating.  The loan is one of the biggest
gainers and losers among 199 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

CMP Susquehanna Corp., headquartered in Atlanta, Georgia, is a
wholly owned subsidiary of Cumulus Media Partners LLC, the private
partnership formed by Cumulus Media, Inc. and a consortium of
private equity sponsors.  CMP Susquehanna Corp. owns and operates
27 radio stations in nine markets in the U.S.  The company's
reported revenues of $169 million for the year ended Dec. 31,
2009.

CMP Susquehanna has 'Caa3' corporate family and probability of
default ratings from Moody's Investors Service.  In April 2010,
Moody's placed the ratings under review for possible upgrade.
"The review is prompted by the expectation that performance will
improve in CMP's major markets in 2010 and combined with
restructuring activities completed in 2009, should result in
improved cash flow and reduced leverage.  Covenants however remain
tight and leverage levels will likely remain very high."


CNA FINANCIAL: Moody's Puts (P)Ba1 Provisional Sub. Debt Rating
---------------------------------------------------------------
Moody's Investors Service has assigned provisional ratings to the
shelf registration of CNA Financial Corp. (provisional senior
unsecured debt at (P)Baa3), and has assigned a Baa3 rating to
$500 million of senior notes to be issued under the shelf.  The
notes mature in 2020, are redeemable at the option of the issuer,
and rank pari passu with other senior unsecured obligations of CNA
Financial Corp. Proceeds from the offering will be used to redeem
a similar amount of the company's 2008 senior preferred stock held
by Loews Corporation, at par, and for general corporate purposes.
The outlook for the ratings is stable.

According to Moody's, the ratings on CNA Financial Corp. and its
subsidiaries reflect the group's leadership position in many major
commercial and specialty property/casualty insurance lines in the
U.S., its good risk-adjusted capitalization and reasonable reserve
position, as well as its improved operational controls, profitable
specialty lines segment, and the historically supportive parentage
of Loews Corporation (senior unsecured debt rated A3).  These
strengths remain tempered by earnings volatility over time and
high combined ratios in the commercial lines segment, and by
general industry risks arising from the group's exposures to
natural and man-made catastrophes, potential claim reserve
volatility and reinsurance counterparty credit risks.  On a pro-
forma basis for this debt offering, adjusted financial leverage is
expected to increase modestly, but to remain comfortably within
the range of Moody's expectations at the current rating level.
Furthermore, Moody's sees no substantive change in the
relationship between CNA and Loews Corporation -- its approximate
90% shareholder -- as a result of the continued redemption of the
preferred shares.  Alan Murray, senior credit officer at Moody's
added: "We view management's efforts to reduce the risk profile of
the group's investment portfolio and to strengthen the
profitability and operational focus of CNA's commercial lines
segment positively.  However, improvement in that segment's
persistent high underwriting combined ratio will likely remain a
challenge over the intermediate term, given intensely competitive
industry-wide pricing conditions in this relatively commodity-like
business segment."

According to Moody's, factors that could lead to a future rating
upgrade include these: 1) sustained improvement in core operating
earnings, particularly in the commercial lines segment; 2)
adjusted financial leverage below 25% on a sustained basis; 3)
risk-adjusted capitalization on par with more highly-rated
industry peers; and 4) an upgrade of Loews Corporation (senior
debt at A3).

Factors that could lead to a downgrade include these: 1) a decline
in shareholders' equity of 15% or more, absent further capital
support from Loews Corporation or other outside investors; 2)
sustained adjusted financial leverage in excess of 30%; 3) a
downgrade of Loews Corporation or an indication of diminished
support of CNA by Loews; 4) earnings coverage of interest on debt
and preferred dividends below 2x; or 5) annual adverse reserve
development in excess of 5% of total reserves.

Moody's noted that the difference between the A3 insurance
financial strength ratings of Continental Casualty Company and
members of its inter-company pool, and CNA Financial Corporation's
Baa3 senior debt rating is 3 notches, which is standard notching
for US-based insurance groups.

These provisional ratings have been assigned to CNA Financial
Corp.'s multiple issuer/multiple seniority shelf registration,
with a stable outlook:

* CNA Financial Corporation: provisional senior unsecured debt at
  (P)Baa3; provisional subordinated debt at (P)Ba1; provisional
  preferred stock at (P)Ba2.

* CNA Financial Capital I, II and III: provisional trust preferred
  securities at (P)Ba1, guaranteed on a subordinated basis by CNA
  Financial Corporation.

Additionally, and in connection with the assignment of provisional
ratings to CNA Financial's current shelf registration, Moody's has
withdrawn its provisional ratings on the company's prior expired
shelf registration.

CNA Financial Corporation is engaged through its subsidiaries in
commercial and specialty property and casualty insurance.  For the
first six months of 2010, CNA Financial Corporation reported net
earned premiums for property/casualty insurance operations of
$3.2 billion and net income attributable to common shareholders of
$478 million.  As of June 30, 2010, shareholders' equity was
$11.9 billion.

The most recent rating action on CNA Financial Corp. was on
November 9, 2009, when Moody's assigned a Baa3 rating to
$350 million of the company's senior notes.

Moody's insurance financial strength ratings are opinions of the
ability of insurance companies to pay punctually senior
policyholder claims and obligations.


CORD BLOOD: Issues to Shelter Warrant to Purchase 36MM Shares
-------------------------------------------------------------
Cord Blood America Inc. had entered into a series of Securities
Purchase Agreements with Shelter Island Opportunity Fund, LLP,
which provided the Company various lines of credit which were
drawn down and subsequently paid off in full.  As part of these
transactions, the Company issued to Shelter Island a Common Stock
Purchase Warrant to purchase, as adjusted, 36,000,000 shares of
Common Stock along with a Put Option Agreement.

The Put Option Agreement gave Shelter Island the right to sell or
"put" up to 36,000,000 shares of the Company's common shares back
to the Company at a price of $0.05 per share, or for a total of
$1,800,000 if all 36 million shares were put to the Company.  The
Put Agreement gave the Company the option to pay the Put price
by delivery of a level monthly payment note payable over a two
year term, and permitted the Company to pay each monthly Note
installment by the delivery of new shares of the Company's Common
Stock valued at a discount from market.

After extensive negotiations with Shelter Island, the parties
entered into a transaction on July 21, 2010, whereby the
36 million share Warrant Agreement was canceled, and the
obligation represented by the Put Option Agreement was satisfied
by the Company's delivery to Shelter Island of a new Senior
Secured Note in the principal amount of $1,590,400.

The Replacement Note matures on June 30, 2011, bears interest at
16% per annum for the period July 31, 2010 through January 31,
2011, and is payable in six equal monthly installments of $265,067
each, commencing January 30, 2011. The Company at its option may
pay the principal amount due on the Replacement Note by the
issuance of the holder of unregistered Company Common Stock, to
be valued at an agreed conversion rate that is fixed for this
purpose, subject to certain adjustments, at 85% of the market
value of the Company's common stock, calculated based on the five
lowest daily closing prices for the stock over certain specified
20 day periods.

The Replacement Note provides for adjustments in certain cases
such as stock dividends and stock splits, and permits the holder
to accelerate payment in the event certain financial covenants are
not met.  The note is secured by a general lien against Company
assets pursuant to the terms of earlier financing agreements
already in place.

A full-text copy of the company's securities purchase agreement is
available for free at http://ResearchArchives.com/t/s?680a

                    About Cord Blood America

Based in Las Vegas, Nevada, Cord Blood America, Inc., is primarily
a holding company whose subsidiaries include Cord Partners, Inc.,
CorCell Co. Inc., CorCell Ltd.; CBA Professional Services, Inc.
D/B/A BodyCells, Inc.; CBA Properties, Inc.; and Career Channel
Inc, D/B/A Rainmakers International.  Cord specializes in
providing private cord blood stem cell preservation services to
families.  BodyCells is a developmental stage company and intends
to be in the business of collecting, processing and preserving
peripheral blood and adipose tissue stem cells allowing
individuals to privately preserve their stem cells for potential
future use in stem cell therapy.  Properties was formed to hold
the corporate trademarks and other intellectual property of CBAI.
Rain specializes in creating direct response television and radio
advertising campaigns, including media placement and commercial
production.

The Company's balance sheet at March 31, 2010, revealed
$5,754,702 in total assets, $6,709,374 in total liabilities, all
current, and stockholders' deficit of $954,672.

In its March 30, 2010 report, Rose, Snyder & Jacobs, in Encino,
California, said the Company's recurring operating losses,
continued cash burn, and insufficient working capital and
accumulated deficit at December 31, 2009, raise substantial doubt
about the Company's ability to continue as a going concern.


COREY PITTS: Case Summary & 4 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Corey Pitts
        4810 Marina Lane
        Mableton, GA 30126

Bankruptcy Case No.: 10-82716

Chapter 11 Petition Date: August 3, 2010

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

Judge: Wendy L. Hagenau

Debtor's Counsel: Leon S. Jones, Esq.
                  Jones & Walden, LLC
                  21 Eighth Street, NE
                  Atlanta, GA 30309
                  Tel: (404) 564-9300
                  Fax: (404) 564-9301
                  E-mail: ljones@joneswalden.com

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

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

A list of the Debtor's four largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ganb10-82716.pdf


CORUNA FOOD: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Coruna Food LLC
        1250 Normandy Drive
        Miami Beach, FL 33141

Bankruptcy Case No.: 10-32615

Chapter 11 Petition Date: August 2, 2010

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Robert A. Mark

Debtor's Counsel: Geoffrey S. Aaronson, Esq.
                  100 SE 2nd St 27th Floor
                  Miami, FL 33131
                  Tel: (786) 594-3000
                  Fax: (305) 675-3880
                  E-mail: gaaronson@aaronsonpa.com

Scheduled Assets: $1,000,000

Scheduled Debts: $3,134,480

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

      http://bankrupt.com/misc/flsb10-32615.pdf

The petition was signed by Yamilet Rodriguez, manager.

Debtor-affiliates that filed separate Chapter 11 petitions:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Angelo and Yamilet Rodriguez           10-32099   07/30/10
Marbella Food LLC                      10-32094   07/29/10


CROSS POINT: Case Summary & 2 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Cross Point Properties, LLC
        3292 Thompson Bridge Road 361
        Gainesville, GA 30506

Bankruptcy Case No.: 10-23432

Chapter 11 Petition Date: August 2, 2010

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

Judge: Robert Brizendine

Debtor's Counsel: Charles N. Kelley, Jr., Esq.
                  Cummings & Kelley PC
                  P.O. Box 2758
                  Gainesville, GA 30501-2758
                  Tel: (770) 531-0007
                  Fax: (678) 866-2360
                  E-mail: ckelley@cummingskelley.com

Scheduled Assets: $1,000,000

Scheduled Debts: $1,989,000

A list of the Company's two largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ganb10-23432.pdf

The petition was signed by William P. Carter, manager.


DECRANE AEROSPACE: S&P Puts 'B-' Rating on CreditWatch Developing
-----------------------------------------------------------------
Standard & Poor's Rating Services said that it has placed its
ratings on DeCrane Aerospace Inc., including the 'B-' corporate
credit rating, on CreditWatch with developing implications.

"The action reflects the proposed acquisition of DeCrane's cabin
management assets by Goodrich Corp. for about $280 million in
cash.  That business, with expected 2010 sales of about
$170 million, represents a majority of DeCrane's revenues and
earnings," said Standard & Poor's credit analyst Roman Szuper.
"S&P assume DeCrane will use the proceeds to repay most of its
outstanding bank debt of about $350 million.  The transaction is
expected to close in August 2010."

Upon closing of the transaction, S&P could withdraw DeCrane's
ratings if its existing debt is no longer outstanding.  "If the
ratings are retained, S&P will evaluate the business and financial
risk profiles of DeCrane's remaining operations to determine their
effect on the ratings," Mr. Szuper added.


DENNY'S CORP: Director Dedrick Acquires 14,305 Deferred Shares
--------------------------------------------------------------
Denny's Corp. director Gregg Dedrick disclosed acquiring 14,305
Deferred Stock Units on August 1, 2010.  The Deferred Stock Units
were granted under the Denny's Corporation 2004 Omnibus Incentive
Plan and are payable, on a "1-for-1" basis, in common stock of the
Company upon Mr. Dedrick's termination of service as Denny's
director.

                           About Denny's

Based in Spartanburg, South Carolina, Denny's Corporation (NASDAQ:
DENN) -- http://www.dennys.com/-- Denny's is one of America's
largest full-service family restaurant chains, consisting of 1,348
franchised and licensed units and 232 company-owned units, with
operations in the United States, Canada, Costa Rica, Guam, Mexico,
New Zealand and Puerto Rico.

The Company's balance sheet for June 30, 2010, showed
$296.6 million in total assets, $409.5 million in total
liabilities, and stockholders' deficit of $112.9 million.

Denny's carries "B2" corporate family and probability of default
ratings from Moody's Investors Service.


DENNY'S CORP: Marketing Chief Acquires 200,000 Restricted Shares
----------------------------------------------------------------
Frances L. Allen, Denny's Corp.'s EVP and chief marketing officer,
acquired 200,000 performance-based restricted stock units on
August 3, 2010.  These performance-based restricted stock units
represent the right to earn up to 200,000 shares of Denny's common
stock, based on the closing price of the common stock exceeding
specific hurdles for 20 consecutive trading days, and subject to
Ms. Allen's continued employment with the Company.

Ms. Allen assumed the Chief Marketing Officer and Executive Vice
President roles effective July 21.  (Troubled Company Reporter,
July 30, 2010).

                           About Denny's

Based in Spartanburg, South Carolina, Denny's Corporation (NASDAQ:
DENN) -- http://www.dennys.com/-- Denny's is one of America's
largest full-service family restaurant chains, consisting of 1,348
franchised and licensed units and 232 company-owned units, with
operations in the United States, Canada, Costa Rica, Guam, Mexico,
New Zealand and Puerto Rico.

The Company's balance sheet for June 30, 2010, showed
$296.6 million in total assets, $409.5 million in total
liabilities, and stockholders' deficit of $112.9 million.

Denny's carries "B2" corporate family and probability of default
ratings from Moody's Investors Service.


DEX MEDIA EAST: Bank Debt Trades at 19% Off in Secondary Market
---------------------------------------------------------------
Participations in a syndicated loan under which Dex Media East,
LLC, is a borrower traded in the secondary market at 80.69 cents-
on-the-dollar during the week ended Friday, Aug. 6, 2010,
representing a drop of 0.66 percentage points from the previous
week according to data compiled by Loan Pricing Corp. and reported
in The Wall Street Journal.  The Company pays 250 basis points
above LIBOR to borrow under the facility, which matures on Oct.
24, 2014.  The debt is not rated by Moody's and Standard & Poor's.
The loan is one of the biggest gainers and losers among 199 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

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

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

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

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


DEX MEDIA WEST: Bank Debt Trades at 10% Off in Secondary Market
---------------------------------------------------------------
Participations in a syndicated loan under which Dex Media West,
LLC, is a borrower traded in the secondary market at 89.59 cents-
on-the-dollar during the week ended Friday, Aug. 6, 2010,
representing an increase of 0.57 percentage points from the
previous week according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  The Company pays 450 basis
points above LIBOR to borrow under the facility, which matures on
Oct. 24, 2014.  The debt is not rated by Moody's and Standard &
Poor's.  The loan is one of the biggest gainers and losers among
199 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday.

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

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

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


DOLLARAMA GROUP: S&P Withdraws 'BB-' Corporate Credit Rating
------------------------------------------------------------
Standard & Poor's Ratings Services said it withdrew its 'BB-'
long-term corporate credit rating on Dollarama Group LP at the
company's request.

Dollarama used proceeds from its initial public offering and
drawings on a new, unrated credit facility to repay all rated
obligations outstanding.  The outlook on Dollarama was stable
before the withdrawal.


DUKE INVESTMENTS: Case Summary & 5 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Duke Investments, Ltd.
        P.O. Box 1123
        Snyder, TX 79550

Bankruptcy Case No.: 10-36556

Chapter 11 Petition Date: August 2, 2010

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

Judge: Jeff Bohm

Debtor's Counsel: Robin B. Cheatham, Esq.
                  Adams Reese LLP
                  701 Poydras Street, Suite 4500
                  New Orleans, LA 70139
                  Tel: (504) 585-0411
                  Fax: (504) 566-0210
                  E-mail: robin.cheatham@arlaw.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 five largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txsb10-36556.pdf

The petition was signed by Mark Duke, majority member and manager.


DUNE ENERGY: Posts $30.9 Million Net Loss for June 30 Quarter
-------------------------------------------------------------
Dune Energy Inc. filed its quarterly report on Form 10-Q,
reporting a net loss of $30.94 million on $15.95 million of
revenues for the three months ended June 30, 2010, compared with a
net loss of $16.35 million on $12.13 million of revenues for the
same period a year earlier.

The Company's balance sheet at June 30, 2010 showed
$299.88 million in total assets, $337.90 million in total
liabilities, redeemable preferred stock of $195.16 million, and
stockholders' deficit of $233.18 million.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?6811

                        About Dune Energy

Dune Energy, Inc. (NYSE AMEX: DNE) -- http://www.duneenergy.com/
-- is an independent energy company based in Houston, Texas.
Since May 2004, the Company has been engaged in the exploration,
development, acquisition and exploitation of natural gas and crude
oil properties, with interests along the Louisiana/Texas Gulf
Coast.  The Company's properties cover over 90,000 gross acres
across 27 producing oil and natural gas fields.

                          *     *     *

Dune Energy carries a 'CCC-' corporate credit rating, with
negative outlook, from Standard & Poor's.  S&P said in April 2010
that "the company's heavy debt burden makes the prospects of a
distressed exchange or bankruptcy a distinct possibility."

Dune Energy has a 'Ca' corporate family rating from Moody's.


E*TRADE FINANCIAL: Files Quarterly Report on Form 10-Q
------------------------------------------------------
E*TRADE Financial Corporation filed its quarterly report on Form
10-Q for the quarter ended June 30, 2010, with the Securities and
Exchange Commission.

As reported by the Troubled Company Reporter on July 27, 2010, the
Company said in an earnings release that it had net income of $35
million, or $0.12 per share for the second quarter of 2001,
compared with a net loss of $48 million, or $0.25 loss per share,
in the prior quarter.  The Company had total net revenue of $534
million for the second quarter, compared with $537 million in the
prior quarter and $621 million in the year ago period.

The Company's balance sheet at June 30, 2010, showed $44.3 billion
in total assets, $40.2 billion in total liabilities, and
stockholders' equity of $4.1 billion.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?67fd

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?670f

                     About E*Trade Financial

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

                         *     *     *

E*Trade has a 'B3' long-term issuer rating from Moody's Investors
Service.  In July 2010, when Moody's changed the outlook to
'stable' from 'negative', the ratings agency said, "E*TRADE's
credit profile remains vulnerable to a significantly
worse-than-anticipated level of credit losses at the bank, which
has previously been the primary reason for the negative outlook.
However, Moody's now thinks that the probability of this scenario
is reduced by E*TRADE's improved delinquency trends --
delinquencies have been stable or trending down for the last nine
months -- and the continued seasoning of its portfolio."


EQUITY LIFE: Case Summary & Largest Unsecured Creditor
------------------------------------------------------
Debtor: Equity Life Holdings, Inc.
        4455 East Camelback Road, C240
        Phoenix, AZ 85018

Bankruptcy Case No.: 10-24382

Chapter 11 Petition Date: August 3, 2010

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

Judge: Charles G. Case II

Debtor's Counsel: Michael G. Tafoya, Esq.
                  Michael G. Tafoya, P.C.
                  P.O. Box 80495
                  Phoenix, AZ 85060
                  Tel: (602) 539-2426
                  Fax: (866) 263-6419
                  E-mail: michael.tafoya@azbar.org

Scheduled Assets: $1,548,000

Scheduled Debts: $1,740,000

The petition was signed by Vincent Goett, director.

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

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
The Rocks Scottsdale               Association Fees        $40,000
27440 N. Alma School Parkway
Scottsdale, AZ 85262


FAIRFIELD RESIDENTIAL: Wants Dismissal for Two Units' Cases
-----------------------------------------------------------
Fairfield Residential LLC and its debtor-affiliates ask the U.S.
Bankruptcy Court for the District of Delaware to dismiss the
Chapter 11 cases of Fairview Residential L.P. and Fairview
Residential CA L.P.

The Debtors relate that the Dissolving Debtors were removed from
the confirmation process because the Debtors did not have the
requisite number of votes to confirm the Plan with respect to the
Dissolving Debtors.

The Debtors propose a hearing on the requested dismissal on
August 30, 2010, at 10:00 a.m. (EDT).  Objections, if any, are due
on August 13, at 4:00 p.m.

                   About Fairfield Residential

San Diego, California-based Fairfield Residential LLC is a fully
integrated multifamily housing company that through its various
subsidiaries provides a diverse mix of services to a wide range of
investors, joint venture partners and clients.  FFR either
directly or indirectly acts as a general partner or managing
member of, and owns varying stakes in, a number of project level
operating companies.

The Company and its affiliates -- FF Development, Inc., et al. --
filed for Chapter 11 bankruptcy protection on December 13, 2009
(Bankr. D. Del. Case No. 09-14378).  Richard A. Chesley, Esq., and
Kimberly D. Newmarch, Esq., at Paul, Hastings, Janofsky & Walker
LLP, in Chicago, Illinois; and Daniel J. DeFranceschi, Esq., Lee
E. Kaufman, Esq., Paul Noble Heath, Esq., and Travis A. McRoberts,
Esq., at Richards, Layton & Finger, P.A., assist the Debtors in
their restructuring effort.  Imperial Capital, LLC and FTI
Consulting Inc. serve as the Debtors' restructuring advisors.
Fairfield Residential estimated $100 million to $500 million in
assets and more than $1 billion in debts in its petition.

The Official Committee of Unsecured Creditors is represented by
Brett H. Miller, Esq., Stefan W. Engelhardt, Esq., and Melissa A.
Hager, Esq., at Morrison & Foerster LLP; and William E. Chipman
Jr., Esq., Kerri K. Mumford, Esq., and Kimberly A. Brown, Esq., at
Landis Rath & Cobb LLP.


FAIRPOINT COMMS: Discloses Terms of Deal With CFO Sabherwal
-----------------------------------------------------------
As previously reported, FairPoint Communications, Inc., announced
the appointment of Ajay Sabherwal as its executive vice president
and chief financial officer, effective July 19, 2010.

The Company subsequently reported in a Form 8-K filing with the
U.S. Securities and Exchange Commission that it entered, on
July 19, 2010, into a Change in Control and Severance Agreement
with Mr. Sabherwal.  The Severance Agreement provides that the
Company will pay severance and provide benefits to Mr. Sabherwal:

  (i) in the event of his termination without cause; or

(ii) within two years of a change in control, upon his
      resignation within 45 days following (a) a significant or
      material reduction of his key responsibilities or duties,
      (b) a reduction in his overall compensation opportunities,
      (c) the diminishment or elimination of his rights to
      "Severance Benefits" as defined in the Severance Agreement
      or (d) any material breach by the Company of the Severance
      Agreement.  The severance payable and benefits required to
      be provided to Mr. Sabherwal include unpaid base salary,
      lump sum cash payments equal to two times his annual base
      salary and annual bonus, COBRA premiums, disability and
      life insurance premiums for 24 months and the vesting of
      all non-performance based, non-vested and/or unearned
      long-term incentive awards, among others.  The payments
      and benefits are subject to "golden parachute" provisions
      and Section 409A of the Internal Revenue Code, and are not
      triggered if Mr. Sabherwal is terminated for cause, on
      account of death or disability or upon resignation for
      reasons not listed in clauses (a) through (d).

The Severance Agreement also contains provisions pursuant to
which Mr. Sabherwal, for a period of 12 months following
termination of his employment, promises to refrain from certain
activities, including (i) soliciting any of the Company's
employees to leave the Company or to perform services for another
company or (ii) accepting any employment or similar arrangement
with certain of the Company's competitors.

Mr. Sabherwal filed a separate Form 3 with the SEC on July 19, to
document his initial statement of beneficial ownership of
FairPoint securities.

                 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.


FAIRPOINT COMMS: Bank Debt Trades at 35% Off in Secondary Market
----------------------------------------------------------------
Participations in a syndicated loan under which FairPoint
Communications, Inc., is a borrower traded in the secondary market
at 65.05 cents-on-the-dollar during the week ended Friday, Aug. 6,
2010, representing a drop of 0.58 percentage points from the
previous week according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  The Company pays 275 basis
points above LIBOR to borrow under the facility, which matures on
March 31, 2015.  Moody's has withdrawn its rating, while Standard
& Poor's has placed a default rating on the bank debt.  The loan
is one of the biggest gainers and losers among 199 widely quoted
syndicated loans with five or more bids in secondary trading for
the week ended Friday.

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

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

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

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


FAIRWEST ENERGY: Bank Debt Repayment Ends Lender's Forbearance
--------------------------------------------------------------
FairWest Energy Corporation has repaid the amount due to its
principal lender.  The Company has been operating under the terms
of a Forbearance Agreement with its Bank which allowed the Company
a period of time to comply with the terms of its credit facility.
The repayment of the amount due to the Bank has ended the
forbearance period and returned the Company to a normalized
banking relationship.

To repay the Bank, the Company accepted a loan commitment from
Canadian Western Bank for C$3.75 million and a loan commitment
from a related party for C$1.65 million.

The Company has received conditional approval of its private
placement of up to 11,000,000 Units at C$0.27 per Unit for
proceeds of C$2.97 million from TSX Venture Exchange.  Each Unit
is comprised of two flow-through common shares at a price of
C$0.10 per share, one common share at a price of C$0.07 per share
and one flow-through share purchase warrant exercisable at C$0.12
until December 31, 2011.

The Company has identified incremental production associated with
a number of optimization and workover projects on its existing
wells that vary in cost and scope from low cost maintenance work
to more costly recompletions, equipping and tie-ins. Current
production is approximately 400 boe/d.  Net capital of
C$1.9 million is expected to add approximately 500 boe/d of
incremental production later in 2010.

The Company has also budgeted a drilling program in the third and
fourth quarters.  The 2010 capital budget is to be funded from the
Company's C$2.97 million Unit Offering, working capital and the
sale of non-core assets.

                       About FairWest Energy

Based in Calgary, Alberta in Canada, FairWest Energy Corporation
(TSX VENTURE:FEC) -- http://www.fairwestenergy.com/-- is a junior
oil and gas company engaged in the acquisition, exploration,
development and production of crude oil, natural gas and natural
gas liquids in the provinces of Alberta and Saskatchewan.


FERRO CORPORATION: Moody's Assigns 'B2' Rating on $250 Mil. Notes
-----------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Ferro
Corporation's proposed $250 million senior unsecured notes.
Ferro's B1 Corporate Family Rating and other ratings were
affirmed.  Proceeds from the proposed notes are to be used for
debt reduction and for general corporate purposes.  The outlook is
positive.

These actions reflect the proposed refinancing as announced in
Ferro's press release of August 4th, 2010.  The timing of the
various steps in the refinancing plan suggest a closing of the
plan in the last week of August 2010.  Moody's will monitor the
refinancing plans and the ratings are assigned and affirmed on the
expectation that the transactions are completed under the terms
and conditions as described.  Should there be material changes to
the plan the ratings could be adjusted.

"We expect Ferro's performance in the next four quarters to
continue to improve over 2009, supporting the positive outlook and
fostering improved credit metrics and liquidity," said Bill Reed,
Moody's Vice President.

Ferro's B1 CFR incorporates the expectation that leverage will
remain close to 3.0x over the next twelve months, pro forma for
the announced refinancing, and that cash flow metrics will remain
weaker than its leverage metric would imply due to on-going
restructuring actions to improve profitability.  It also reflects
an improved recovery in demand in its major end markets -
electronics, coatings, ceramics and construction.  This B1 CFR
also reflects the improved operating performance in the fourth
quarter of 2009 and first half of 2010 along with the prospect of
continued improved results.

Moody's positive outlook anticipates an improved recovery in
financial performance in 2010 aided by higher demand in Asia and a
meaningful reduction in interest expense.  However, if Ferro's
banks continue to release material levels of the cash collateral
for its precious metal leases or leverage remains well below 4.0
and free cash flow as a percentage of debt remains above 5% on a
sustainable basis, Moody's could assess the appropriateness of a
higher rating.

Ratings Affirmed:

* Corporate Family Rating, B1

* Probability of Default Rating B1

* $172.5 million Senior Unsecured Convertible 6.5% Notes due 2013,
  B2 LGD5, 71%

Ratings assigned

* $250 million Senior Unsecured Notes due 2018, B2 LGD5, 73%
* Shelf filing for senior unsecured debt securities (P)B2

The last rating action on Ferro was on July 29, 2010 when Moody's
affirmed Ferro's ratings.

Ferro Corporation, headquartered in Cleveland, Ohio, is a global
producer of an array of specialty materials and chemicals
including coatings, enamels, pigments, plastic compounds, and
specialty chemicals for use in industries ranging from
construction, and telecommunications.  Revenues were $1.9 billion
for the LTM ended June 30, 2010


FIRST FOLIAGE: Wants to Hire GlassRatner as Financial Advisor
-------------------------------------------------------------
First Foliage, L.C., asks the U.S. Bankruptcy Court for the
Southern District of Florida for permission to employ Margaret J.
Smith and GlassRatner Advisory & Capital, LLC, as financial
advisor.

GlassRatner will, among other things:

   -- provide financial advisory services and oversee the
      financial operating and other reports required in the
      Bankruptcy Court, the Office of the U.S. Trustee, the
      creditors committee and other parties-in-interest in the
      Chapter 11 case, including, without limitation, monthly
      operating reports, and schedules and statements of affairs;

   -- evaluate and analyze business plans and forecasts of the
      Debtor, and evaluate potential transactions and
      restructuring proposals in connection with the Debtor's Plan
      of Reorganization, assets sales or other disposition of
      assets; and

   -- provide testimony, as necessary, with respect to the matters
      on which GlassRatner is to be engaged.

Ms. Smith, a principal at GlassRatner, tells the Court that the
hourly rates of the GlassRatner's personnel are:

     Principals                        $350 - $395
     Associates                        $165 - $295
     Members                           $100 - $150

Specifically, the hourly rates of personnel assigned in the
Chapter 11 case are:

     Ms. Smith                             $375
     Mark Cedar                            $295
     Carin Sorvik                          $180
     Odeli Bobbio                          $165

Ms. Smith assures the Court that GlassRatner is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

                    About First Foliage, L.C.

Homestead, Florida-based First Foliage, L.C., filed for Chapter 11
bankruptcy protection on June 23, 2010 (Bankr. S.D. Fla. Case No.
10-27532).  Luis Salazar, Esq., who has an office in Coral Gables,
Florida, assists the Company in its restructuring effort.  The
Company estimated $50 million to $100 million in assets and
$10 million to $50 million in liabilities in its Chapter 11
petition.


FOREVER CONSTRUCTION: Section 341(a) Meeting Scheduled for Sept. 1
------------------------------------------------------------------
The U.S. Trustee for Region 11 will convene a meeting of Forever
Construction, Inc.'s creditors on September 1, 2010, at 1:30 p.m.
The meeting will be held at 219 South Dearborn, Office of the U.S.
Trustee, 8th Floor, Room 802, Chicago, Illinois 60604.

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.

Waukegan, Illinois-based Forever Construction, Inc., filed for
Chapter 11 on July 27, 2010 (Bankr. N.D. Ill. Case No. 10-33276).
Joel A. Schechter, Esq., assists the Debtor in its restructuring
effort.  The Debtor estimated its assets and debts at $10 million
to $50 million in its Chapter 11 petition.


FOURTH QUARTER: Case Summary & 3 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Fourth Quarter Properties 166, LLC
        45 Ansley Drive
        Newnan, GA 30263

Bankruptcy Case No.: 10-12920

Chapter 11 Petition Date: August 3, 2010

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

Debtor's Counsel: Austin E. Carter, Esq.
                  Stone & Baxter, LLC
                  577 Mulberry Street, Suite 800
                  Macon, GA 31201
                  Tel: (478) 750-9898
                  Fax: (478) 750-9899
                  E-mail: acarter@stoneandbaxter.com

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

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

The petition was signed by Stanley E. Thomas, Sole Shareholder of
Beehawk Aviation, Inc., Member.

Debtor-affiliates filing separate Chapter 11 petition:

        Entity                         Case No.      Petition Date
        ------                         --------      -------------
Fourth Quarter Properties 118, LLC     09-13960           11/02/09
Fourth Quarter Properties 140, LLC     09-13961           11/02/09
Fourth Quarter Properties 161, LP      09-13962           11/02/09
Fourth Quarter Properties 162, LP      09-13963           11/02/09
Fourth Quarter Properties XLVII, LLC   09-13959           11/02/09

Debtor's List of Three Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
Stanley E. Thomas                  Loans               $25,675,383
45 Ansley Drive
Newnan, GA 30263

Coweta County Tax Commissioner     Property Taxes -       $615,381
c/o J. Thomas Ferrell              2009
P.O. Box 195
Newnan, GA 30264

Georgia Department of Revenue      --                      unknown
Bankruptcy Section
P.O. Box 161108
Atlanta, GA 30321-1108


GABRIEL CAPITAL: N.Y. Sup. Court Sets Sept. 20 Bar Date
-------------------------------------------------------
On July 30, 2010, the New York State Supreme Court entered an
order setting September 30, 2010, at 5:00 p.m., prevailing New
York Time, as the deadline for claimants to submit a proof of
claim against:

    -- Ariel Fund Limited;
    -- Gabriel Capital, L.P.;
    -- Gabriel Alternative Assets, LLC; and
    -- Gabriel Assets, LLC.

Claim forms and additional information are available
at http://www.guidepostpartners.com/

As reported in the Troubled Company Reporter, J. Ezra Merkin ceded
to New York Attorney General Andrew Cuomo's demands that he step
down as manager of his hedge funds Ariel Fund Limited, Ascot
Partners, L.P., and Gabriel Capital, L.P., and place them into
receivership, following the collapse of Bernard L. Madoff
Investment Securities LLC.


GALT AIRPORT: Case Summary & 19 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Galt Airport LLC
        c/o North Street Properties
        100 Field Drive, #110
        Lake Forest, IL 60045

Bankruptcy Case No.: 10-34961

Chapter 11 Petition Date: August 4, 2010

Court: U.S. Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Susan Pierson Sonderby

Debtor's Counsel: Richard H. Fimoff, Esq.
                  Robbins, Salomon & Patt Ltd
                  25 E. Washington Street, Suite 1000
                  Chicago, IL 60602
                  Tel: (312) 456-0185
                  Fax: (312) 782-6690
                  E-mail: rfimoff@rsplaw.com

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

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

A list of the Company's 19 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/ilnb10-34961.pdf

The petition was signed by Ivan Djurin, president.

Debtor-affiliates filing separate Chapter 11 petitions:

        Entity                            Case No.   Petition Date
        ------                            --------   -------------
Berkley Manor Apartments, LP              09-41895           11/09
Colts Run, LLC                            10-18071           04/10
Highlands of Montour Run, LLC             10-21678           05/10
Mt. Zion, LP                              10-18075           04/10
2241 Elkhorn Lexington, L.P.              10-34271           07/10


GARLOCK SEALING: Disbursed $5,480,308 in Quarter Ended July 3
-------------------------------------------------------------
Garlock Sealing Technologies LLC and its units submitted to the
Court their fee statements for the quarter ended July 3, 2010.
The Debtors note that per agreement with Linda W. Simpson, U.S.
Bankruptcy Administrator for the Western District of North
Carolina, the periods covered by each Quarterly Fee Statement will
be based on the Debtor's fiscal quarters, and not calendar
quarters.

For periods subsequent to plan confirmation, disbursements will
include payments pursuant to the confirmed plan as well as all
other disbursements, the Debtors note.

               Garlock Sealing Technologies, LLC
                         Disbursements
               For the Quarter Ended July 3, 2010

Month                                     Disbursements
-----                                     -------------
June 5 to July 3, 2010                       $5,480,308
                                           -------------
Total Disbursements for Quarter              $5,480,308
                                           =============

Quarterly Fee Owed                              $13,000
Quarterly Fee Paid                              $13,000
                                           -------------
Amount of Unpaid Fees                                $0
                                           =============

           Garrison Litigation Management Group, Ltd
                       Disbursements
            For the Quarter Ended July 3, 2010

Month                                     Disbursements
-----                                     -------------
June 5 to July 3, 2010                          $28,966
                                           -------------
Total Disbursements for Quarter                 $28,966
                                           =============

Quarterly Fee Owed                                 $650
Quarterly Fee Paid                                 $650
                                           -------------
Amount of Unpaid Fees                                $0
                                           =============

                 The Anchor Packing Company
                       Disbursements
            For the Quarter Ended July 3, 2010

Month                                     Disbursements
-----                                     -------------
June 5 to July 3, 2010                               $0
                                           -------------
Total Disbursements for Quarter                      $0
                                           =============

Quarterly Fee Owed                                 $325
Quarterly Fee Paid                                  325
                                           -------------
Amount of Unpaid Fees                                $0
                                           =============

                      About Garlock Sealing

Headquartered in Palmyra, NY, Garlock Sealing Technologies LLC is
an EnPro Industries, Inc. company (NYSE: NPO).  For more than a
century, Garlock has been helping customers efficiently seal the
toughest process fluids in the most demanding applications.

On June 5, Garlock filed a voluntary Chapter 11 petition (Bankr.
W. D. N.C. Case No. 10-31607) in Charlotte to establish a trust to
resolve all current and future asbestos claims against Garlock
under Section 524(g) of the U.S. Bankruptcy Code.  The Debtor
estimated $500 million to $1 billion in assets and up to
$500 million in debts as of the Petition Date.  Affiliates The
Anchor Packing Company and Garrison Litigation Management Group,
Ltd., also filed for bankruptcy.

The filing covers only Garlock operations in Palmyra, New York and
Houston, Texas.  Garlock Rubber Technologies, Garlock Helicoflex,
Pikotek, Technetics, Garlock Europe and Garlock operations in
Canada, Mexico or Australia are not affected by the filing, nor is
EnPro Industries or any other EnPro operating subsidiary.

Albert F. Durham, Esq., at Rayburn Cooper & Durham, P.A.,
represents the Debtor in its Chapter 11 effort.  Garland S.
Cassada, Esq., at Robinson Bradshaw & Hinson, serves as counsel
for Asbestos matters.

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


GARLOCK SEALING: Pitts, et al., Can't Intervene in Asbestos Suit
----------------------------------------------------------------
U.S. Bankruptcy George R. Hodges denied a request filed by Henry
Pitts and certain individuals to intervene in Garlock Sealing
Technologies' Chapter 11 cases and the adversary proceeding
commenced by the Debtors against certain asbestos claimants.

Judge Hodges found that there is no basis within the Court's
jurisdiction to grant the relief sought by the individuals.

The individuals who made the request are Jonathan Fend, Andre
Cowley, Jonathan Lee Riches, Daniel Anthony Weymouth, Patrick J.
Simpson, Richard Galiet, Aric Bothum, George Barbour, Ralph
Rogers, Oscar Nunez, David Carol Sheppard.

Garlock Sealing and its units commenced an adversary proceeding,
seeking to enjoin asbestos claimants from prosecuting pending
asbestos actions or commencing future asbestos actions against the
Debtors' non-debtor affiliates.  The Debtor sought to restrain
prosecution of any pending asbestos action or commencing any
future asbestos action against any affiliate other than:

  (1) pursuant to any reorganization plan to be confirmed in the
      Debtors' Chapter 11 cases; or

  (2) if any claim is not addressed by that reorganization, as
      provided in any final, nonappealable judgments entered in
      the Adversary Proceeding.

                      About Garlock Sealing

Headquartered in Palmyra, NY, Garlock Sealing Technologies LLC is
an EnPro Industries, Inc. company (NYSE: NPO).  For more than a
century, Garlock has been helping customers efficiently seal the
toughest process fluids in the most demanding applications.

On June 5, Garlock filed a voluntary Chapter 11 petition (Bankr.
W. D. N.C. Case No. 10-31607) in Charlotte to establish a trust to
resolve all current and future asbestos claims against Garlock
under Section 524(g) of the U.S. Bankruptcy Code.  The Debtor
estimated $500 million to $1 billion in assets and up to
$500 million in debts as of the Petition Date.  Affiliates The
Anchor Packing Company and Garrison Litigation Management Group,
Ltd., also filed for bankruptcy.

The filing covers only Garlock operations in Palmyra, New York and
Houston, Texas.  Garlock Rubber Technologies, Garlock Helicoflex,
Pikotek, Technetics, Garlock Europe and Garlock operations in
Canada, Mexico or Australia are not affected by the filing, nor is
EnPro Industries or any other EnPro operating subsidiary.

Albert F. Durham, Esq., at Rayburn Cooper & Durham, P.A.,
represents the Debtor in its Chapter 11 effort.  Garland S.
Cassada, Esq., at Robinson Bradshaw & Hinson, serves as counsel
for Asbestos matters.

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


GASLAND, INC: Case Summary & 9 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Gasland, Inc.
        90270 Overseas Highway
        Tavernier, FL 33070

Bankruptcy Case No.: 10-32748

Chapter 11 Petition Date: August 3, 2010

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

Judge: Robert A. Mark

Debtor's Counsel: Jeffrey N. Schatzman, Esq.
                  9990 SW 77 Avenue PH 2
                  Miami, FL 33156
                  Tel: (305) 670-6000
                  Fax: (305) 274-0220
                  E-mail: notices@schatzmanlaw.com

Scheduled Assets: $809,754

Scheduled Debts: $2,149,390

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Gasland Retail, Inc.                   10-32749   8/03/10
  Scheduled Assets: $50,311
  Scheduled Debts: $2,053,382

A copy of Gasland, Inc.'s list of 9 largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/flsb10-32748.pdf

A copy of Gasland Retail's list of 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flsb10-32749.pdf

The petitions were signed by Avner Shohamy, president.


GEORGE LANNING: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Joint Debtors: George Lanning
               Nansee Lanning
               370 North San Vicente Boulevard
               Los Angeles, CA 90048

Bankruptcy Case No.: 10-42450

Chapter 11 Petition Date: August 4, 2010

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

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

Scheduled Assets: $8,005,130

Scheduled Debts: $10,305,046

A list of the Joint Debtors' 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-42450.pdf


GGS AND ASSOCIATES: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: GGS and Associates, LLC
        715 N. Gardner Street
        Los Angeles, CA 90046

Bankruptcy Case No.: 10-42373

Chapter 11 Petition Date: August 3, 2010

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

Judge: Samuel L. Bufford

Debtor's Counsel: Philip D. Dapeer, Esq.
                  Philip Daoeer, a Law Corporation
                  2625 Townsgate Road, Suite 330
                  Westlake Village, CA 91361
                  Tel: (323) 954-9144
                  Fax: (323) 954-0457

Scheduled Assets: $621,250

Scheduled Debts: $1,259,564

The list of unsecured creditors filed together with its petition
does not contain any entry.

The petition was signed by Gary Bornstein, member.


GLG ENTERPRISES: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: GLG Enterprises, Inc.
          dba GLG Collision Auto Parts
              GLG Auto Parts & Auto Sales
        2902 E. Hwy 281
        Hidalgo, TX 78557

Bankruptcy Case No.: 10-70548

Chapter 11 Petition Date: August 2, 2010

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

Judge: Richard S. Schmidt

Debtor's Counsel: Ellen C. Stone, Esq.
                  The Stone Law Firm PC
                  4900 N. 10th St., Suite A2
                  McAllen, TX 78504
                  Tel: (956) 630-2822
                  Fax: (956) 631-0742
                  E-mail: ignmca@ellenstonelaw.com

Scheduled Assets: $1,587,125

Scheduled Debts: $1,388,825

A list of the Company's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txsb10-70548.pdf

The petition was signed by Juana M. Lopez, president.


GRAHAM PACKAGING: Posts $46 Million Net Income for June 30 Quarter
------------------------------------------------------------------
Graham Packaging Holdings Co. filed its quarterly report on Form
10-Q, reporting net income of $46.51 million on $625.83 million of
net sales for the three months ended June 30, 2010, compared with
net income of $34.86 million on $585.71 million of net sales for
the same period a year earlier.

The Company's balance sheet for June 30, 2010, showed
$2.09 billion in total assets, $368.26 million total current
liabilities, $2.20 billion in long term debt, $17.57 million in
deferred income taxes, $91.73 million in other non-current
liabilities, and stockholders' deficit of $586.82 million.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?67fc

                     About Graham Packaging

Headquartered in York, Pennsylvania, Graham Packaging Holdings
Company, -- http://www.grahampackaging.com/-- the parent company
of Graham Packaging Company, L.P., is engaged in the design,
manufacture and sale of customized blow molded plastic containers
for the branded food and beverage, household, automotive
lubricants and personal care/specialty product categories.  As of
the end of June 2008, the company operated 83 manufacturing
facilities throughout North America, Europe and South America.

Graham Packaging carries 'B' issuer credit ratings from Standard &
Poor's.


H2O ENVIRONMENTAL: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: H2O Environmental, Inc.
        4035 Flossmoor Street
        Las Vegas, NV 89115

Bankruptcy Case No.: 10-24703

Chapter 11 Petition Date: August 3, 2010

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

Judge: Bruce A. Markell

Debtor's Counsel: Jason C. Farrington, Esq.
                  Timothy S. Cory, Esq.
                  Timothy S. Cory & Associates
                  8831 West Sahara Avenue
                  Las Vegas, NV 89117
                  Tel: (702) 388-1996
                  E-mail: jason@corylaw.us
                          tim.cory@corylaw.us

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/nvb10-24703.pdf

The petition was signed by John Bradley, owner.


HARBINGER GROUP: Gets Non-Compliance Notice From NYSE
-----------------------------------------------------
Harbinger Group Inc. received notification from the New York Stock
Exchange, Inc. that it is not in compliance with Section 802.01D
of the NYSE Listed Company Manual because HGI currently has no
primary operations and substantially all of its assets are held in
cash, cash equivalents and U.S. government securities.  As
permitted by the NYSE procedures, on August 3, 2010 HGI submitted
its business plan to the NYSE to formalize its initiatives and
objectives in achieving a return to compliance no later than May
12, 2011, the last date of the period granted by the NYSE to cure
HGI's non-compliance.  HGI's business plan has been accepted by
the NYSE, and HGI will be subject to ongoing monitoring to ensure
its sustained progress with respect to plan goals.  HGI shares
will continue to be listed and traded on the NYSE, subject to
HGI's compliance with its business plan and other NYSE continued
listing standards.  If HGI is not in compliance with the continued
listing standards by May 12, 2011, or if it does not make progress
toward achieving compliance consistent with its plan during this
period, the NYSE will initiate delisting proceedings.

The NYSE has advised HGI that, within five days of the date of its
August 3, 2010 notice, the NYSE will use the trading symbol
extension ".BC" (generally used to denote non-compliance with the
NYSE's quantitative listing standards) to denote HGI's qualitative
non-compliance.  This indicator will not change HGI's trading
symbol itself, but will be disseminated as an extension of its
symbol on the NYSE whenever its trading symbol is transmitted with
a quotation or trade.

                        About Harbinger Group

Harbinger Group Inc.-- http://www.harbingergroupinc.com/-- is a
holding company with approximately $144.8 million in consolidated
cash, cash equivalents and investments as of June 30, 2010.  The
Company's principal focus is to identify and evaluate business
combinations or acquisitions of businesses.  The Company continues
to review acquisitions and business combination proposals with the
assistance of its advisors.  The Company currently owns 98% of
Zap.Com Corporation, a public shell company.


HARRAH'S ENTERTAINMENT: Posts $272 Mil. Net Loss for 2nd Qtr 2010
-----------------------------------------------------------------
Harrah's Entertainment Inc. incurred a net loss of $272.5 million
on $2.22 billion of revenues for quarter ended June 30, 2010,
compared with a net income of $2.30 billion on $2.27 billion of
revenue during the same period a year earlier.

The Company's 2010 second-quarter revenues declined 2.2% due
primarily to the continuing impact of the recession on customers'
discretionary spending, which was partially offset by revenues
associated with its February 2010 acquisition of Planet Hollywood.

"During the second quarter, we selectively increased our marketing
investments and labor costs in anticipation of an even stronger
demand environment, leading to lower operating margins," said Gary
Loveman, Harrah's Entertainment chairman, chief executive officer
and president.  "However, after two years of the worst economic
downturn since the Great Depression, it appears that year-over-
year revenue declines are moderating in virtually all of our
markets. To ensure our margins are maintained, we will remain
vigilant with respect to our expense structure.

"Looking ahead, we're encouraged by the recovery of group business
in Las Vegas during the second quarter and we expect group
business to continue to outperform 2009 for the rest of this
year," Mr. Loveman said.  "We're also encouraged by the positive
overall revenue trends in the second quarter and expect those to
continue, as well.

"During the past two years, we've reduced expenses and debt
substantially, increased our liquidity to about $3 billion and
acquired the Planet Hollywood Resort and Casino in Las Vegas and
Thistledown racetrack in Cleveland," Mr. Loveman said.  "I believe
we're well-positioned for an eventual legalization of online
gaming in the United States, and more capable of capitalizing on
additional growth opportunities than at any time in the past two
years."

The Company also had significant debt transactions in the second
quarter 2010.  Among other things, on June 3, 2010, Harrah's
Entertainment announced an agreement under which affiliates of
Apollo Management VI, LP; TPG Capital, LP, and Paulson & Co. Inc.
will exchange $1.12 billion of debt for up to approximately 15.6%
of the common equity of Harrah's, subject to regulatory approvals
and certain other conditions.  Harrah's raised $557 million in the
first stage of the transaction in June 2010 through the sale of
senior notes to Apollo, TPG and Paulson, and plans to use the
funds for general corporate purposes, including further balance-
sheet optimization and strategic investments.  The debt-for-equity
exchange portion of the agreement is expected to be completed in
the 2010 fourth quarter or 2011 first quarter.

"The announced debt-for-equity exchange provides us with
additional liquidity to pursue growth opportunities domestically
and internationally, reduce our debt and lower our interest
expense," Mr. Loveman said.  "I'm particularly gratified by the
confidence demonstrated by Apollo, TPG and Paulson in the
performance of our company and in our prospects for the future."

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?67ff

                   About Harrah's Entertainment

Las Vegas, Nevada-based Harrah's Entertainment, Inc. --
http://www.harrahs.com/-- through its wholly owned subsidiary,
Harrah's Operating Company, Inc., operates nearly 40 casinos
across the United States, primarily under the Harrah's(R),
Caesars(R) and Horseshoe(R) brand names; Harrah's also owns the
London Clubs International family of casinos and the World Series
of Poker(R).  Private equity firms Apollo Global Management and
TPG Capital LP acquired Harrah's in January for $31 billion.

Harrah's carries 'Caa3' corporate family and probability of
default ratings, with "positive outlook", from Moody's Investors
Service.  It has 'B-' issuer credit ratings, with "stable"
outlook, from Standard & Poor's.


HARRAH'S ENTERTAINMENT: HOC Bank Debt Trades at 102.17%
-------------------------------------------------------
Participations in a syndicated loan under which Harrah's Operating
Company, Inc., is a borrower traded in the secondary market at
102.17 cents-on-the-dollar during the week ended Friday, Aug. 6,
2010, representing an increase of 0.58 percentage points from the
previous week according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  The Company pays 750 basis
points above LIBOR to borrow under the facility.  The bank loan
matures on Oct. 23, 2016, and carries Moody's Caa1 rating and
Standard & Poor's B rating.  The loan is one of the biggest
gainers and losers among 199 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

                  About Harrah's Entertainment

Las Vegas, Nevada-based Harrah's Entertainment, Inc. --
http://www.harrahs.com/-- through its wholly owned subsidiary,
Harrah's Operating Company, Inc., operates nearly 40 casinos
across the United States, primarily under the Harrah's(R),
Caesars(R) and Horseshoe(R) brand names; Harrah's also owns the
London Clubs International family of casinos and the World Series
of Poker(R).  Private equity firms Apollo Global Management and
TPG Capital LP acquired Harrah's in January for $31 billion.

Harrah's carries 'Caa3' corporate family and probability of
default ratings, with "positive outlook", from Moody's Investors
Service.  It has 'B-' issuer credit ratings, with "stable"
outlook, from Standard & Poor's.

Harrah's Entertainment Inc. incurred a net loss of $272.5 million
on $2.22 billion of revenues for quarter ended June 30, 2010,
compared with a net income of $2.30 billion on $2.27 billion of
revenue during the same period a year earlier.

At March 31, 2010, the Company had $29.26 billion of total assets,
$27.73 billion of total liabilities, and $1.53 billion of
stockholders' equity.  The March 31 balance sheet showed strained
liquidity with $1.67 billion in total current assets against $1.82
billion of total current liabilities.


HAWKER BEECHCRAFT: Bank Debt Trades at 20% Off in Secondary Market
------------------------------------------------------------------
Participations in a syndicated loan under which Hawker Beechcraft
is a borrower traded in the secondary market at 80.11 cents-on-
the-dollar during the week ended Friday, Aug. 6, 2010,
representing a drop of 0.56 percentage points from the previous
week according to data compiled by Loan Pricing Corp. and reported
in The Wall Street Journal.  The Company pays 200 basis points
above LIBOR to borrow under the facility.  The bank loan matures
on March 26, 2014, and carries Moody's Caa1 rating and Standard &
Poor's CCC+ rating.  The loan is one of the biggest gainers and
losers among 199 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended Friday.

Hawker Beechcraft Acquisition Company, LLC, headquartered in
Wichita, Kansas, is a leading manufacturer of business jets,
turboprops and piston aircraft for corporations, governments and
individuals worldwide.

Hawker Beechcraft Acquisition Company LLC reported a net loss
of $63.4 million on $568.2 million of total sales for the three
months ended March 28, 2010, compared with net income of
$53.1 million on $537.6 million of sales for the three months
ended March 29, 2009.  The Company's balance sheet at March 28,
2010, showed $3.41 billion in total assets and $3.36 billion in
total liabilities for a stockholders' equity $56.5 million.


HEALTHSOUTH CORP: Bank Debt Trades at 2% Off in Secondary Market
----------------------------------------------------------------
Participations in a syndicated loan under which HealthSouth
Corporation is a borrower traded in the secondary market at 97.56
cents-on-the-dollar during the week ended Friday, Aug. 6, 2010,
representing an increase of 0.75 percentage points from the
previous week according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  The Company pays 225 basis
points above LIBOR to borrow under the facility.  The bank loan
matures on March 10, 2013, and carries Moody's Ba3 rating and
Standard & Poor's BB- rating.  The loan is one of the biggest
gainers and losers among 199 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

Birmingham, Alabama-based HealthSouth Corporation (NYSE: HLS) --
http://www.healthsouth.com/-- is the nation's largest provider of
inpatient rehabilitative healthcare services.  Operating in 26
states across the country and in Puerto Rico, HealthSouth serves
patients through its network of inpatient rehabilitation
hospitals, long-term acute care hospitals, outpatient
rehabilitation satellites, and home health agencies.

At Sept. 30, 2009, the Company had $1.754 billion in total assets
against $2.288 billion in total liabilities and $387.4 million of
convertible perpetual preferred stock.  At Sept. 30, 2009, the
Company had accumulated deficit of $3.756 billion, healthsouth
shareholders' deficit of $1.002 billion, noncontrolling interests
of $80.8 million and total shareholders' deficit of
$921.9 million.


HELLER EHRMAN: Liquidating Plan Hearing Commences Today
-------------------------------------------------------
The Hon. Dennis Montali of the U.S. Bankruptcy Court for the
Northern District of California will convene the confirmation
hearing today, August 9, 2010, at 9:30 a.m., on Heller Ehrman,
LLP's Plan of Liquidation, amended as of August 2.  The hearing
will be held at the Bankruptcy Court, 235 Pine Street, 22nd Floor,
San Francisco, California.

The Plan provides for the liquidation of the Debtor's remaining
assets, the winding up of its affairs and the payment of
liabilities through distributions under the Plan.  Post-
confirmation, the Debtor will be managed by a Plan Administrator,
subject to the oversight and approval of the Official Committee of
Unsecured Creditors, which may have few as one member as time
passes, who will complete the process of liquidating the Debtor's
assets, including overseeing the prosecution of certain causes of
action against third parties, the recoveries of which may inure to
the benefit of Creditors.  The Plan Administrator will also be in
charge of making distributions to creditors.

Payments under the will be funded through a combination of: (1)
the proceeds of causes of actions against third parties; (2) the
Debtor's cash on hand at confirmation, and (3) a $3,000,000 exit
financing facility provided by the six partners that hold an
equity interest in the Debtor (Heller Ehrman (California), Heller
Ehrman White & McAuliffe (Washington), P.S, Heller Ehrman White &
McAuliffe (Oregon), P.C., Heller Ehrman (Alaska), P.C., Heller
Ehrman (New York), and Heller Ehrman (China), P.C.

                        Treatment of Claims

  Class                                    Estimated Recovery
  -----                                    ------------------
  4 - Secured Claims of BofA and Citibank         100%
  5 - Secured Claim of MPC                        100%
  6 - Insured Malractice Claims                   100%
  7 - Unsecured Claims                          22% - 68%
  8 - Subordinated Biggers Unsecured Claims        0%
  9 - Subordinated Former Shareholder Claims       0%
  10 - Interests                                   0%

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

        http://bankrupt.com/misc/HellerEhrman_Plan_Aug2.pdf

The Debtor is represented by:

     John D. Fiero, Esq.
     Kenneth H. Brown, Esq.
     Teddy M. Kapur, Esq.
     Pachulski Stang Ziehl & Jones LLP
     150 California Street, 15th Floor
     San Francisco, CA 94111-4500
     Tel: (415) 263-7000
     Fax: (415) 263-7010
     E-mail: jfiero@pszjlaw.com
             kbrown@pszjlaw.com
             tkapur@pszjlaw.com

The Official Committee of Unsecured Creditors is represented by:

     Steven H. Felderstein, Esq.
     Thomas A. Willoughby, Esq.
     Christopher Crowell, Esq.
     Felderstein Fitzgerald Willoughby & Pascuzzi LLP
     400 Capitol Mall, Suite 1450
     Sacramento, CA 95814
     Tel: (916) 329-7400
     Fax: (916) 329-7435

                     About Heller Ehrman, LLP

Headquartered in San Francisco, California, Heller Ehrman, LLP
-- http://www.hewm.com/-- was an international law firm of more
than 730 attorneys in 15 offices in the United States, Europe, and
Asia.

Heller Ehrman filed a voluntary petition under Chapter 11 of the
Bankruptcy Code on December 28, 2008 (Bankr. N.D. Calif., Case No.
08-32514).  Members of the firm's dissolution committee led by
Peter J. Benvenutti approved a plan dated September 26, 2008, to
dissolve the firm.  The Hon. Dennis Montali presides over the
case.  The firm estimated assets and debts of $50 million to $100
million each in its bankruptcy petition.  According to reports,
the firm still had roughly $63 million in assets and 54 employees
at the time of its filing.


HUNTINGTON DEVELOPMENT: Case Summary & Creditors List
-----------------------------------------------------
Debtor: Huntington Development, LLC
        1082 Old Churchman's Road, Suite 201
        Newark, DE 19713

Bankruptcy Case No.: 10-12461

Chapter 11 Petition Date: August 4, 2010

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

Judge: Kevin J. Carey

Debtor's Counsel: William David Sullivan, Esq.
                  Sullivan Hazeltine Allinson LLC
                  4 East 8th Street, Suite 400
                  Wilmington, DE 19801
                  Tel: (302) 428-8191
                  Fax: (302) 428-8195
                  E-mail: bsullivan@sha-llc.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 three largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/deb10-12461.pdf

The petition was signed by Lawrence A. Zeccola, Sr., managing
member.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                            Case No.   Petition Date
        ------                            --------   -------------
All Land Investments, LLC                 09-13790        10/29/09


I-10 BARKER: Case Summary & 9 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: I-10 Barker Cypress, Ltd., Debtor
          fka Bally West, Ltd.
        940 Corbindale Road
        Houston, TX 77024

Bankruptcy Case No.: 10-36582

Chapter 11 Petition Date: August 2, 2010

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

Judge: Letitia Z. Paul

Debtor's Counsel: James B. Jameson, Esq.
                  Attorney at Law
                  3355 West Alabama, Suite 1160
                  Houston, TX 77098
                  Tel: (713) 807-1705
                  Fax: (713) 807-1710
                  E-mail: jbjameson@jamesonlaw.net

Scheduled Assets: $24,991,061

Scheduled Debts: $17,737,313

The petition was signed by Peyton Cottrell, president of
Development Enterprises, Inc., general partner.

Debtor's List of 9 Largest Unsecured Creditors:

        Entity                      Nature of Claim   Claim Amount
        ------                      ---------------   ------------
O'Connor & Associates               Professional           $17,988
2200 North Loop West, #200          Services
Houston, TX 77018

City of Houston-Dept of Public      Utilities               $4,737
Works
P.O. Box 1560
Houston, TX 77251

Ten West Owners Association         Management              $3,860
c/o Northmarq RE/MS #600            Assoc. Fees
3500 American Boulevard West, #200
Bloomington, MN 55431

Sprint Waste Services               Trash/Dumpster          $1,250
                                    Services

J.W. Daubert                        Professional              $750
                                    Services

R.H. Construction                   Pending Litigation          $0
c/o Glenn J. Deadman, P.C.

Patrick Onyenaucheya                Pending Litigation          $0

Brian Craft                         Pending Litigation          $0
c/o J. Kevin Raley                  (Breach of Lease)

Advantage Electric, Inc.            Pending Litigation          $0
c/o J. Scott Douglas


ILIANA MONTEAGUDO: Case Summary & 12 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Iliana Karina Monteagudo
        348 E. Opp Street
        Wilmington, CA 90744

Bankruptcy Case No.: 10-42572

Chapter 11 Petition Date: August 4, 2010

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

Judge: Victoria S. Kaufman

Debtor's Counsel: Arshak Bartoumian, Esq.
                  Law Offices of Vincent W. Davi
                  150 N. Santa Anita Avenue, Suite 200
                  Arcadia, CA 91202
                  Tel: (626) 446-6442

Estimated Assets: $0 to $50,000

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

A list of the Debtor's 12 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/cacb10-42572.pdf


INN OF THE MOUNTAIN: S&P Withdraws 'D' Issuer Credit Rating
-----------------------------------------------------------
Standard & Poor's Ratings Services said that it withdrew its
ratings on Mescalero, N.M.-based Inn of the Mountain Gods Resort
and Casino.

"S&P [had] lowered its issuer credit rating on the company to 'D'
from 'CCC', on May 18, 2009, following a missed interest payment
on IMG's $200 million 12% senior unsecured notes," said Standard &
Poor's credit analyst Ariel Silverberg.


ISTAR FIN'L: Acquires 24% Ownership Interest in LNR Property
------------------------------------------------------------
iStar Financial Inc. on July 29, 2010, acquired an approximate 24%
ownership interest in LNR Property Corporation as part of a
recapitalization of LNR.  In the transaction, iStar and a group of
investors, including other creditors of LNR, acquired 100% of the
common stock of LNR in exchange for cash and the extinguishment of
existing senior notes of LNR's parent holding company.  iStar's
share of the consideration paid was $100 million in cash and
$100 million aggregate principal amount of Holdco Notes.

LNR used the cash proceeds received from the issuance of the
common stock plus other cash on hand to pay down a portion of its
existing senior term loan.  As a lender under the senior term
loan, iStar's loan was paid down from an original principal
balance of $102.0 million to $50.8 million.

As part of the recapitalization, for so long as iStar maintains a
specified ownership interest in LNR, iStar will have the right to
designate two members to LNR's board of managers (or the
equivalent thereof).

A full-text copy of the Equity Purchase Agreement, dated July 29,
2010, among LNR Property, Riley Holdco Corp. and iStar Marlin LLC,
is available at no charge at http://ResearchArchives.com/t/s?67f1

                        About LNR Property

LNR Property Corporation is a real estate investment and
management company headquartered in Miami Beach, Florida.

LNR Property is subject to a forbearance agreement as modified by
the Fifth Forbearance Agreement and Amendment, dated July 21,
2010, with its parent, LNR Property Holdings Ltd., and Deutsche
Bank AG, individually as a lender, and as administrative agent for
the lenders.

                           *     *     *

On August 3, 2010, the Troubled Company Reporter said Standard &
Poor's Ratings Services changed its long-term counterparty credit
ratings on LNR Property Holdings and LNR Property first to 'SD'
from 'CCC', and then to 'B-' from 'SD'.  At the same time, S&P
raised its rating on the company's term loan to 'B-', the same as
the corporate credit rating on the company.

"LNR's debt reorganization has substantially improved the
company's leverage and liquidity metrics, in S&P's view," said
Standard & Poor's credit analyst Adom Rosengarten.  "It also gives
the company a larger cushion under the total leverage covenant
affiliated with its remaining outstanding debt."

The company used balance sheet cash and $417 million from a new
equity issuance to pay down its existing term loan to $425 million
from $851 million.  It also eliminated $450 million of senior
notes that had been issued by LNR's parent company.  S&P's rating
upgrade to 'B-' reflects this improvement.

As reported by the TCR on June 14, 2010, Moody's placed LNR
Property's senior secured bank credit facility and corporate
family ratings on review for possible upgrade following the
company's announcement that it intends to recapitalize its
business.  LNR carries Moody's "Ca" senior secured credit facility
and corporate family ratings.  Moody's said the upgrades would be
multiple notches if LNR is successful in its plans.

As part of the recapitalization, existing shareholders and
existing holding company note holders will participate in a
$400 million Equity Rights Offering.  LNR has engaged Goldman
Sachs and Bank of America Merrill Lynch as arrangers for a
$445 million 1st lien senior secured term loan.  The proceeds of
the rights offering and the new term loan, in addition to cash on
hand, will be used to refinance LNR's existing $868 million senior
secured term loan and cancel its $150 million revolver.  In
addition, LNR's existing $420 million holding company notes will
be converted to equity.

                       About iStar Financial

New York-based iStar Financial Inc. (NYSE: SFI) provides custom-
tailored investment capital to high-end private and corporate
owners of real estate, including senior and mezzanine real estate
debt, senior and mezzanine corporate capital, as well as corporate
net lease financing and equity.  The Company, which is taxed as a
real estate investment trust, provides innovative and value added
financing solutions to its customers.

                           *     *     *

As reported by the Troubled Company Reporter on July 13, 2010,
Standard & Poor's Ratings Services lowered its long-term
counterparty credit rating on iStar Financial to 'CCC' from 'B-'.
At the same time, S&P lowered the senior unsecured debt rating to
'CCC-' from 'CCC+.' The outlook is negative.

iStar's limited funding flexibility and the severe credit quality
deterioration in its loan portfolio continue to put negative
pressure on the rating.  "S&P's analysis indicates that the firm
should not become insolvent and has ample liquidity to operate
through 2010, but management faces a significant challenge with
$3.0 billion in debt coming due in 2011 and $3.5 billion due in
2012," said Standard & Poor's credit analyst Jeffrey Zaun.  In the
longer term, the company's concentration in highly cyclical
commercial real estate will limit the ratings.  Although credit-
market turmoil and a severe recession impeded capital formation
through 2009, the firm's capital ratios improved slightly in
first-quarter 2010.  Management has been able to execute a rapid
pull-back in operations through a protracted and severe recession
in CRE markets.


ISTAR FIN'L: Reports $229.8 Million Net Income for Q2 2010
----------------------------------------------------------
iStar Financial Inc. recorded net income of $229.851 million for
the second quarter ended June 30, 2010, from a net loss of
$281.973 million for the same period in 2009.  The Company
reported net income of $213.706 million for the first six months
of 2010, from a net loss of $369.045 million for the same period
in 2009.

Total revenue was $136.796 million for the second quarter 2010
from $193.089 for the same period last year.  Total revenue was
$306.602 million for the first half of 2010 from $419.901 million
for the same period in 2009.

The year-over-year decrease in revenue is primarily due to a
reduction of interest income resulting from performing loans
moving to non-performing status and, to a lesser extent, a smaller
asset base resulting from loan repayments and sales.

iStar said net income attributable to common shareholders was
$218.727 million for the 2010 second quarter from a net loss of
$292.282 million for the 2009 second quarter.  Net income
attributable to common shareholders was $192.547 million for the
2010 first half from $388.691 million for the 2009 first half.

iStar said in its Form 10-Q report filed with the Securities and
Exchange Commission on Friday that net income was primarily driven
by the recognition of a $250.3 million in gain from discontinued
operations, resulting from the sale of a portfolio of 32 Corporate
Tenant Lease assets and recognized $70.1 million in net gains on
the early extinguishment of debt resulting from repayments and
repurchases of debt.  This was offset by a provision for loan
losses of $109.4 million and impairments of other assets of
$12.2 million that were recognized during the quarter.

Non-performing loans decreased to $2.96 billion or 39.9% of
Managed Loan Value as of June 30, 2010, compared to $4.21 billion
or 45.3% of Managed Loan Value at December 31, 2009.  The level of
non-performing loans is a result of the continued distress in the
commercial and residential real estate markets and weakened
economic conditions impacting iStar's borrowers, who continue to
have difficulty servicing their debt and refinancing or selling
their projects to repay their loans in a timely manner.

The balance of iStar's real estate held for investment -- REHI --
and other real estate owned -- OREO -- assets have increased from
$1.26 billion as of December 31, 2009 to $1.53 billion as of
June 30, 2010, as iStar has obtained title to properties through
foreclosure or through deed-in-lieu of foreclosure as part of its
effort to resolve non-performing loans.

On June 25, 2010, iStar completed the sale of 32 real properties,
or interests therein, to various subsidiaries of Dividend Capital
Total Realty Trust Inc.  The properties are leased to a diverse
group of corporate tenants, primarily on a triple net lease basis.

The aggregate purchase price for the portfolio was $1.35 billion,
before closing costs and customary prorations of taxes, operating
expenses, leasing costs and other items.  iStar provided Dividend
Capital with mezzanine loans totaling approximately $105.6 million
as part of its financing for the transaction.  The mezzanine loans
bear interest at an initial blended rate of 8.8% per annum and
have effective maturities of three and five years.  The balance of
the purchase price was received in cash.  iStar used the proceeds
to repay a $924.8 million loan collateralized by the properties
being sold that was scheduled to mature in April 2011, as well as
for general corporate purposes.

As of June 30, 2010, iStar had $10.653 billion in total assets
against total liabilities of $8.802 billion, redeemable non-
controlling interests of $7.441 million, and non-controlling
interests of $46.602 million, resulting in total equity of
$1.843 billion.

A full-text copy of iStar's earnings release is available at no
charge at http://ResearchArchives.com/t/s?6802

A full-text copy of iStar's Form 10-Q report is available at no
charge at http://ResearchArchives.com/t/s?6801

                       About iStar Financial

New York-based iStar Financial Inc. (NYSE: SFI) provides custom-
tailored investment capital to high-end private and corporate
owners of real estate, including senior and mezzanine real estate
debt, senior and mezzanine corporate capital, as well as corporate
net lease financing and equity.  The Company, which is taxed as a
real estate investment trust, provides innovative and value added
financing solutions to its customers.

                           *     *     *

As reported by the Troubled Company Reporter on July 13, 2010,
Standard & Poor's Ratings Services lowered its long-term
counterparty credit rating on iStar Financial to 'CCC' from 'B-'.
At the same time, S&P lowered the senior unsecured debt rating to
'CCC-' from 'CCC+.' The outlook is negative.

iStar's limited funding flexibility and the severe credit quality
deterioration in its loan portfolio continue to put negative
pressure on the rating.  "S&P's analysis indicates that the firm
should not become insolvent and has ample liquidity to operate
through 2010, but management faces a significant challenge with
$3.0 billion in debt coming due in 2011 and $3.5 billion due in
2012," said Standard & Poor's credit analyst Jeffrey Zaun.  In the
longer term, the company's concentration in highly cyclical
commercial real estate will limit the ratings.  Although credit-
market turmoil and a severe recession impeded capital formation
through 2009, the firm's capital ratios improved slightly in
first-quarter 2010.  Management has been able to execute a rapid
pull-back in operations through a protracted and severe recession
in CRE markets.


JOB LOPEZ: Case Summary & 11 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Job Cruz Lopez
          aka Job Cruz
        Julia Cruz
          aka Julia Ambrocio Vazquez
        1574 Clayton Road
        San Jose, CA 95127

Bankruptcy Case No.: 10-58092

Chapter 11 Petition Date: August 4, 2010

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

Judge: Roger L. Efremsky

Debtor's Counsel: Rattan Dev S. Dhaliwal, Esq.
                  Law Offices of Dhaliwal and Rouhani
                  2005 De La Cruz Boulevard, #185
                  Santa Clara, CA 95050
                  Tel: (408) 988-7722
                  E-mail: rdsdhaliwal@yahoo.com

Scheduled Assets: $1,518,098

Scheduled Debts: $2,111,528

A list of the Joint Debtors' 11 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/canb10-58092.pdf


JPMCC 2002-CIBC4: Files Schedules of Assets and Liabilities
-----------------------------------------------------------
JPMCC 2002-CIBC4 Highland Retail, LLC, filed with the U.S.
Bankruptcy Court for the Western District of Texas its schedules
of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property            $4,186,923
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                        $0
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                          $362,942
                                 -----------      -----------
        TOTAL                     $4,186,923         $362,942

JPMCC 2002-CIBC4 Highland Retail, LLC, is the owner of the
Highland Mall in Austin, Texas.  Highland Mall, opened in 1971,
was the first enclosed, air-conditioned mall in Austin.  It is
owned by a pass-through trust for which Wells Fargo Bank NA serves
as trustee.

JPMCC 2002-CIBC4 filed for Chapter 11 bankruptcy protection on
May 12, 2010 (Bankr. W.D. Tex. Case No. 10-11331).  Charles R.
Gibbs, Esq., at Akin, Gump, Strauss, Hauer, & Feld, assists the
Debtor in its restructuring effort.  The Company estimated
$10 million to $50 million in assets, and $500,001 to $1 million
in debts in its Chapter 11 petition.


JUANA LOPEZ: Case Summary & 11 Largest Unsecured Creditors
----------------------------------------------------------
Joint Debtors: Juana Maria Lopez
                 dba GLG Enterprises, Inc.
                     GLG Collision Auto Parts
                     GLG Auto Parts & Auto Sales
               Gustavo Lopez
                 dba GLG Enterprises, Inc.
                     DMS Roadrunner
               7000 Lucero Lane
               Mission, TX 78572

Bankruptcy Case No.: 10-70549

Chapter 11 Petition Date: August 2, 2010

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

Judge: Richard S. Schmidt

Debtor's Counsel: Ellen C. Stone, Esq.
                  The Stone Law Firm PC
                  4900 N. 10th St., Suite A2
                  McAllen, TX 78504
                  Tel: (956) 630-2822
                  Fax: (956) 631-0742
                  E-mail: ignmca@ellenstonelaw.com

Scheduled Assets: $2,570,893

Scheduled Debts: $1,741,205

A list of the Joint Debtors' 11 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/txsb10-70549.pdf


K & J PARTNERS: Voluntary Chapter 11 Case Summary
-------------------------------------------------
Debtor: K & J Partners Corporation
        12000 Bellaire Boulevard, Suite #138C
        Houston, TX 77072

Bankruptcy Case No.: 10-36449

Chapter 11 Petition Date: August 2, 2010

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

Judge: Letitia Z. Paul

Debtor's Counsel: Helene Thaissa Bergman, Esq.
                  Attorney at Law
                  15119 Memorial Dr, Suite 200
                  Houston, TX 77079
                  Tel: (832) 379-4400
                  E-mail: Bergmanlawfirm@sbcglobal.net

Scheduled Assets: $3,500,000

Scheduled Debts: $3,475,000

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

The petition was signed by Jonathan Bui, president.


KNOLOGY INC: Sunflower Deal Won't Affect Moody's 'B1' Rating
------------------------------------------------------------
Moody's Investors Service said Knology Inc.'s planned acquisition
of Sunflower Broadband for $165 million is not expected to affect
the company's B1 Corporate Family Rating.  Depending on how the
transaction is financed -- specifically whether more senior
secured first lien bank debt or a different ranking class of debt
is raised (and how much) to augment what is anticipated to be at
least a partial use of existing cash balances, and the
corresponding impact on Loss Given Default estimates -- the
current B2 Probability of Default Rating and B1 bank debt ratings
could be affirmed or may be subject to change.

"The company has performed largely in accordance with expectations
since ratings were raised last year (August 2009), and Moody's
believe that reasonably priced financing arrangements are
attainable in the current market environment such that the
company's free cash flow and deleveraging profile won't be
materially impacted," noted Moody's Senior Vice President Russell
Solomon.  "Moreover, Moody's fully expect that a meaningful amount
of existing cash balances will be utilized to augment whatever new
debt financing is eventually arranged, which would be consistent
with the company's historical practice of financing growth through
acquisition over the past few years," he added.

The last rating action on Knology was an upgrade of the company's
CFR and senior secured bank credit facility ratings to B1 from B2
(and PDR to B2 from B3)

Headquartered in West Point, Georgia, Knology, Inc., is
principally an "overbuild" provider of video, high speed data and
telephony services to approximately 232 thousand video subscribers
located primarily in the Southeast and portions of the Midwest.
The company generated revenue of approximately $436 million for
the 12-month period ended June 2010.


KONNER ANN: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: Konner Ann Limited Partnership
        120 Baltic Circle
        Tampa, FL 33606

Bankruptcy Case No.: 10-18849

Chapter 11 Petition Date: August 4, 2010

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

Debtor's Counsel: Buddy D. Ford, Esq.
                  115 N. MacDill Avenue
                  Tampa, FL 33609-1521
                  Tel: (813) 877-4669
                  Fax: (813) 877-5543
                  E-mail: Buddy@tampaesq.com

Estimated Assets: $50,001 to 100,000

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

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

The petition was signed by Joel W. Brewer, manager.

Debtor-affiliate filing separate Chapter 11 petition:

        Entity                            Case No.   Petition Date
        ------                            --------   -------------
1902 E. 7th Avenue, Inc.                  10-18848        08/04/10


LAND O'LAKES: Moody's Confirms 'Ba1' Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service confirmed the Ba1 Corporate Family
Rating of Land O'Lakes and revised the outlook to positive from
stable.  The cooperative's SGL-3 Speculative Grade Liquidity
rating is unchanged.  This concludes the rating review for
possible upgrade that began on March 25, 2010.

Ratings Confirmed:

Land O'Lakes, Inc.

* Corporate Family Rating at Ba1;

* Probability of Default Rating at Ba1;

* $375 million senior secured revolving credit facility due April
  2013 at Baa3 (LGD3); LGD Rate at 38%;

* $155 million of 6.24% senior secured notes due December 2016 at
  Baa3 (LGD3); LGD Rate at 38%;

* $85 million of 6.67% senior secured notes due December 2019 at
  Baa3 (LGD3); LGD Rate at 38%;

* $85 million of 6.77% senior secured notes due 2021 at Baa3
  (LGD3); LGD Rate at 38%.

Land O'Lakes Capital Trust I

* $191 million of 7.45% capital securities at Ba2 (LGD5); LGD Rate
  at 87%.

The rating outlook is positive.

The Ba1 rating reflects the strength of the eponymous Land O'
Lakes brand, and the cooperative's high market shares in crop
inputs, shell and specialty eggs, and animal feed.  The rating
also reflects the cooperative's high exposure to agricultural and
commodity markets that results in periods of high sales and cash
flow volatility, and increased earnings correlation among some
operating segments.

While the cooperative's earnings growth potential will be limited
in the near-term due to the soft economy, Moody's currently
anticipate a more favorable operating environment in 2011, based
on Moody's expectation of firming dairy prices and moderating
price promotion activity (see Moody's Annual Outlook: U.S.
Packaged Food - Consumer Focus On Value Will Limit Growth).  In
addition, Moody's expect that management will take further
measures to focus and simplify its business portfolio over the
next 18 months, which should contribute to further positive rating
momentum.

Still-depressed dairy prices have hurt margins in cheese and milk
powder, and have caused distressed dairy farmers to cull herds,
which in turn reduces demand for Land O'Lakes' livestock feed
products.  This weakness has been only partially offset by strong
performance in the cooperative's seed and crop protection
operations.  As a result, Moody's expect overall 2010 performance
to be weaker than that of fiscal 2009.

Nevertheless, broader fundamental improvements that Land O'Lakes
has accomplished over the past nine years including the sale of
the swine, liquid eggs, and other low-margin businesses, and the
successful completion of various operational restructurings have
resulted in a more focused and stable business portfolio, improved
financial controls and governance, and gradual leverage reduction.
Moody's have changed Moody's outlook to positive from stable based
on Moody's expectation that reasonably stable operating
performance and positive free cash flow generated in the
intermediate-term should allow Land O'Lakes to reduce leverage to
comfortably below 3.0 times EBITDA in the next 18 to 24 months
from about 3.2 times as of the end of the second quarter ended
June 2010.  The outlook revision also takes into consideration
that seasonal working capital flows or commodity price volatility
could cause leverage to rise before it improves to anticipated
levels.

Moody's most recent rating action for Land O'Lakes on March 25,
2010, placed the long-term debt ratings, Corporate Family Rating
and Probability of Default Rating (all at Ba1) under review for
possible upgrade.

Land O'Lakes, Inc., based in Arden Hills, Minnesota, is an
agricultural cooperative focusing on dairy food, animal feed, and
agricultural crop inputs.  Moody's-adjusted revenues, EBITDA and
Debt/EBITDA for the fiscal year ended December 31, 2009, were
approximately $10.4 billion, $543 million, and 2.5, respectively.


LEED CORP: U.S. Trustee Forms Three-Member Creditors Committee
--------------------------------------------------------------
Robert D. Miller, Jr., the U.S. Trustee for Region 18, appointed
three members to the official committee of unsecured creditors in
the Chapter 11 cases of The Leed Corporation.

The Creditors Committee members are:

1. Almer Huntley, Jr.
   ASH International, Ltd.
   2721 S. 900 E.
   Hagerman, ID 83332
   Tel: (209) 421-1287
   E-mail: PLSPE@hotmail.com

2. Kent McBride
   Sun Valley Properties
   204 N. Greenwood
   Shonshone, ID 83352
   Tel: (208) 961-4040
   Fax: (208) 886-2200
   E-mail: sheriff.retired@gmail.com

3. Dale H. Sluder
   Central Idaho Construction Co.
   P.O. Box 793
   Shoshone, ID 83352
   Tel: (208) 727-7137
   Fax: (208) 944-0979
   E-mail: gonda@cableone.net

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.

                  About The Leed Corporation

Twin Falls, Idaho-based The Leed Corporation -- dba Green Cut
Sprinklers and Landscaping, Leed Corp. Quality Built Homes, Green
Cut Construction, Shoshone Developers, Desert Green Sprinklers &
Landscaping, Green Cut Lawn Care, and Desert Green -- filed for
Chapter 11 bankruptcy protection on April 29, 2010 (Bankr. D.
Idaho Case No. 10-40743).  Robert J. Maynes, Esq., who has an
office in Idaho Falls, Idaho, assists the Debtor in its
restructuring effort.  The Debtor estimated $10 million to
$50 million in assets and $1 million to $10 million in debts in
its Chapter 11 petition.


LEHIGH VALLEY: Files Schedules of Assets and Liabilities
--------------------------------------------------------
Lehigh Valley Portfolio, LP, filed with the U.S. Bankruptcy Court
for the Southern District of New York its schedules of assets and
liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property              $131,500,000
  B. Personal Property                  $100
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                        $0
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $1,002,380
                                 -----------      -----------
        TOTAL                    $131,500,100      $1,002,380

New York City-based Lehigh Valley Portfolio, LP filed for Chapter
11 bankruptcy protection on July 8, 2010 (Bankr. S.D. N.Y. Case
No. 10-13630).  Joseph S. Maniscalco, Esq., at LaMonica Herbst &
Maniscalco is the Debtor's bankruptcy counsel.  In its petition,
the Debtor estimated  $100,000,001 to $500,000,000 in assets and
$500,001 to $1,000,000 in debts.

The Debtors' five affiliates also filed for bankruptcy protection
on July 8.


LEHMAN BROTHERS: Asks for OK of TS Boston Release Agreement
-----------------------------------------------------------
Lehman Brothers Holdings Inc. and its affiliate, Lehman
Commercial Paper Inc., seek the Court's permission to enter into
a Release and Termination of Loan Agreement and Other Documents
with TS Boston Core Holdings, L.P.; 125 High Junior Mezz, L.P.;
One Federal Intermediate Mezz, L.P.; One Federal Junior Mezz,
L.P.; and other borrower affiliates.

In June 2006, LBHI, as a lender, made an acquisition loan of
$373,500,000 to certain of the One Fed Entities that was
collateralized by an office building known as One Federal Plaza
in downtown Boston, Massachusetts.  The Acquisition Loan was
subsequently partitioned into a $262,000,000 securitized
mortgage, a $49,000,000 senior mezzanine loan, a $62,500,000
intermediate mezzanine loan -- Mezz B Loan, and a $25,000,000
unfunded junior mezzanine loan -- Junior Mezz Loan.  The Mezz B
Loan was then subdivided into two parts, a $35,000,000 senior
note -- Mezz B Senior Note, and a $27,500,000 junior note -- Mezz
B Junior Note.  In May 2010, the Mezz B Senior Note was sold to a
third party entity at a discount to its par value, while LCPI
remains the lender of record with respect to the Mezz B Junior
Note and, is the controlling lender with respect to the Mezz B
Loan.

In July 2006, LBHI, as a lender, made a $365,000,000 mortgage
loan, a $82,000,000 mezzanine A loan, a $82,000,000 mezzanine B
loan, and a $30,000,000 unfunded mezzanine C loan -- the "125
Mezz C Loan", to certain special purpose entities.  Each loan was
secured by a property located at 125 High Street in downtown
Boston, Massachusetts.  Subsequently, LBHI transferred its
interest in those loans, except its interest with respect to the
125 Mezz C Loan.

Moreover, the Restructured Asset Securities with Enhanced Returns
Series 2007-A Trust and 2007-7-MM Trust, special purpose
securitization vehicles, were established to issue securities to
finance a portfolio of corporate loans, mortgage loans and equity
interests.  While LCPI remains the lender of record with respect
to the Mezz B Junior Note, it purportedly sold a 100%
participation interest in it to RACERS and, thus, LCPI's interest
in the Mezz B Junior Note may be legally or beneficially under
the purported indirect control of RACERS.

Pursuant to the Court's order authorizing a collateral
disposition agreement and certain related transactions, LBHI is
the current holder of all the RACERS securities, and believes
that it has the power to make decisions with respect to the
assets, including the release of any collateral securing an
obligation in which RACERS has a purported interest.

                      Release Agreement

Beginning in June 2010, TS Boston Core approached LBHI and LCPI
seeking to purchase LCPI's interest in the Mezz B Junior Note.
Following arm's-length and good faith negotiations, TS Boston,
the Borrowers, other Borrower Affiliates, LBHI, and LCPI entered
into the Release Agreement.

The salient terms of the Release Agreement are:

  (1) LBHI and LCPI will, among others, release all of their
      interest in the collateral securing the Mezz B Junior
      Loan, the Junior Mezz Loan, and the 125 Mezz C Loan in
      exchange for:

        (i) a cash payment that is less than the balance owed on
            the loan, or the "Payoff Amount;"

       (ii) a release of any and all claims held by the
            Borrowers and other Borrower Affiliates, including
            claims relating to the unfunded Junior Mezz and 125
            Mezz C Loans; and

      (iii) withdrawal of unliquidated Claim Nos. 27387 and
            27389 filed by 125 High Junior Mezz, L.P. and One
            Federal Junior Mezz, L.P.

  (2) LCPI will provide a limited indemnity solely for the
      purposes of defending and holding harmless the Borrower
      Affiliates from and against any and all loss, liabilities,
      damages, claims, costs and expenses arising out of a claim
      made by RACERS or any party with an interest in RACERS,
      (i) asserting that a party holds or controls a direct or
      indirect legal or beneficial interest in the Mezz B Junior
      Note, (ii) challenging the authority or right of LCPI to
      enter into the Release Agreement, perform any of its
      obligations, or otherwise consummate the transactions
      contemplated, or (iii) otherwise related to the Mezz B
      Junior Note, this Release or the transactions
      contemplated.

  (3) The limited indemnity will not be effective unless all of
      the transactions contemplated by the Release Agreement
      occur on or before the Closing Date.

LBHI and LCPI relate that the Release Agreement contains a Payoff
Amount, which represents commercially sensitive information that
should be protected pursuant to Section 107(b) of the Bankruptcy
Code, and Rule 9018 of the Federal Rules of Bankruptcy Procedure.
The Debtors thus filed with the Court a redacted version of the
Release Agreement, available for free at:

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

Alfredo R. Perez, Esq., at Weil, Gotshal & Manges LLP, in
Houston, Texas, stresses that the Debtors believe that near-term
rollover of the lessees at One Fed may, potentially, create debt
service shortfalls that may require LCPI to either (i) purchase
the Mezz B Senior Note, or (ii) risk losing its status as
controlling lender.  A loss in LCPI's status may lead to a
foreclosure the Mezz B Junior Note and a loss of LCPI's interest
in One Fed, he points out.  Thus, the entry into the Release
Agreement presents a better alternative and is in the best
interests of LBHI and LCPI because it provides them, among
others, the Payoff Amount for the Mezz B Junior Note, a release
from funding approximately $55 million in unfunded loans, and a
withdrawal of the Proofs of Claim, he maintains.

                      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: Hires Momo-o Matsuo as Japan Counsel
-----------------------------------------------------
Lehman Brothers Holdings Inc. and its affiliated debtors seek
court authority to employ Momo-o Matsuo & Namba as special
counsel effective February 1, 2010.

The Debtors tapped the firm to provide them legal assistance in
connection with the civil rehabilitation proceedings of Lehman
Brothers Holdings Japan Inc., Lehman Brothers Commercial
Mortgage, Inc., and Sunrise Finance Inc. at the Tokyo District
Court.

Prior to the proposed employment, MMN worked as "ordinary course"
professional for the Debtors, providing them advice in connection
with the civil rehabilitation cases of the Japan-based Lehman
units.  The firm's fees and expenses, however, exceeded the
$1 million compensation cap for ordinary course professionals,
prompting the Debtors to retain the firm as a professional
pursuant to Sections 327 and 328 of the Bankruptcy Code.

MMN will be paid for its services on an hourly basis and will be
reimbursed for its expenses.  The firm's hourly rates are:

Professionals                Hourly Rates
-------------                ------------
Partners                     JPY35,000 - JPY60,000
Senior Associates            JPY30,000 - JPY35,000
Associates                   JPY20,000 - JPY30,000

In a declaration, Junya Naito, Esq., a partner at MMN, assures
the Court that the firm does not represent or hold interest
adverse to the Debtors and their estates.

                      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: Taps Paul Hastings as Asset Mgt. Counsel
---------------------------------------------------------
Lehman Brothers Holdings Inc. and its affiliated debtors seek the
Court's authority to employ Paul Hastings Janofsky & Walker LLP
as their special counsel effective March 1, 2010.

Paul Hastings has served as one of the Debtors' "ordinary course"
professionals.  The firm's fees for its services, however,
exceeded $1 million prompting the Debtors to seek court approval
to employ the firm as their special counsel.

Pursuant to the Court's prior order, an ordinary course
professional is required to file an application to be employed as
a professional in accordance with Sections 327 and 328 of the
Bankruptcy Code if payment to that professional exceeds
$1 million while the Debtors are still in bankruptcy.

As special counsel, Paul Hastings will continue to provide the
services including asset management and negotiation of commercial
real estate lease transactions.  The firm will also represent the
Debtors in mediation and litigation in connection with their
derivative trades and render other services where the Debtors'
general bankruptcy counsel and Jones Day have conflicts.

Paul Hastings will be paid for its services on an hourly basis
and will be reimbursed for its expenses.  The hourly billing
rates for the firm's professionals in the United States range
from $640 to $990 for partners and counsel, $345 to $715 for
associates, and $115 to $460 for paraprofessionals.

Meanwhile, the hourly billing rates for Paul Hastings'
professionals in London range from $779 to $983 for partners and
counsel, $310 to $817 for associates, and $151 to $303 for
paraprofessionals.

The rates of Paul Hastings' professionals in London will vary
depending on the exchange rate in effect on the date of the
invoice, according to Richard Krasnow, Esq., at Weil Gotshal &
Manges LLP, in New York.

In a declaration, Robert Keane Jr., Esq., a partner at Paul
Hastings, assures the Court that the firm does not represent or
hold any interest adverse to the Debtors or their estates.

                      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: U.K. Appeals Court Overturns Briggs' Ruling
------------------------------------------------------------
A U.K. Court of Appeal handed down its judgment on the appeals
made against Mr. Justice Briggs' judgments in an application for
directions brought by the Joint Administrators of Lehman Brothers
International (Europe) (in administration).  The Administrators'
application concerned LBIE's obligations in relation to client
money held by it prior to the time of administration.

Significantly, the Court of Appeal's decision has overturned Mr.
Justice Briggs' judgments on these two issues:

    (1) The FSA's client money rules require identifiable client
        money held by LBIE (at the time of administration)
        outside LBIE's segregated accounts to be pooled with the
        client money held in its segregated accounts, with that
        pool then to be distributed to all of the clients
        entitled to claim against it.

        Mr. Justice Briggs' judgments had held that (a) the pool
        was comprised only of the client money in LBIE's
        segregated accounts, and (b) that identifiable client
        money held outside such accounts should be returned to
        the specific clients for whom it was held.

    (2) All clients who ought to have had money segregated for
        them by LBIE as client money prior to administration are
        now entitled to share in the client money pool,
        regardless of whether or not LBIE did in fact segregate
        client money for them.

        Mr. Justice Briggs' judgments had held that only those
        client money claimants for whom LBIE had segregated
        client money prior to administration were entitled to
        claim against the pool.

In a public statement, the Joint Administrators of Lehman
Brothers' European units said they are considering the judgment
carefully to assess its implications for LBIE's client money
claimants and creditors.

Tony Lomas, a partner at PricewaterhouseCoopers LLP and one of
LBIE's joint administrators, commented:

"What is significant about the judgment is that it not only widens
the pre-administration client money that must be pooled, but also
the number of clients entitled to claim against that pool.  This
is likely to have a significant knock-on effect both on the timing
and level of any distribution of client money to LBIE's clients.
The proper and prompt return of client money is a key priority for
the administration, and we remain committed towards achieving that
objective."

Stephen Fletcher, a partner at Linklaters LLP, the administrators'
legal advisers, commented that:

"The appeal demonstrates the problems that can be faced by
liquidators and administrators in dealing with the client money
affairs of FSA-regulated firms.  The Court of Appeal has given us
new answers to some of the acute legal difficulties experienced
in LBIE's administration.  We now need to see how we can move
forward and resolve the remaining issues."

It is not yet known whether any party to the appeal proceedings
intends to seek permission to appeal to the Supreme Court, the
Joint Administrators said.

According to Bloomberg News, the ruling was against the holders
of bonds that were part of the Eurosail-UK 2007-3BL PLC
transaction.  The court said that Eurosail is "not unable to pay
its debts " under U.K. bankruptcy law, Bloomberg News reported.

LBHI raised 650 million pounds ($1 billion) from the 2007
transaction, which packaged U.K. home loans.

The ruling may affect other Lehman transactions known as
Eurosail-UK 2007-4 NP and Eurosail-UK 2007-6 NC, Bloomberg News
reported, citing a July 19 report by Fitch Ratings.

                      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)


LNR PROPERTY: Vornado, iStar Get Stake in Recapitalization Deal
---------------------------------------------------------------
As part of LNR Property Corporation's recapitalization, Vornado
Realty Trust acquired a 26.2% equity interest in LNR for a new
investment of $116 million in cash and conversion into equity of
Vornado's $15 million mezzanine loan (current carrying amount)
made to LNR's parent.

In a separate statement, iStar Financial said on July 29, 2010, it
acquired an approximate 24% ownership interest in LNR Property.

The recapitalization involved an infusion of a total of
$417 million in new cash equity and the reduction of LNR's total
debt to $425 million from $1.3 billion.

In the transaction, a group of investors, including other
creditors of LNR, acquired 100% of the common stock of LNR in
exchange for cash and the extinguishment of existing senior notes
of LNR's parent holding company.  iStar said its share of the
consideration paid was $100 million in cash and $100 million
aggregate principal amount of Holdco Notes.

The other equity participants include affiliates of Cerberus
Capital Management, L.P. and Oaktree Capital Management, L.P.

LNR used the cash proceeds received from the issuance of the
common stock plus other cash on hand to pay down a portion of its
existing senior term loan.  As a lender under the senior term
loan, iStar's loan was paid down from an original principal
balance of $102.0 million to $50.8 million.

As part of the recapitalization, for so long as iStar maintains a
specified ownership interest in LNR, iStar will have the right to
designate two members to LNR's board of managers (or the
equivalent thereof).

Vornado said that during the years ended December 31, 2009, and
2008, LNR reported net losses of $717.5 million and $415 million,
respectively.  These net losses included impairment and other
losses aggregating $726.4 million and $391.6 million,
respectively.

A full-text copy of the Equity Purchase Agreement, dated July 29,
2010, among LNR Property, Riley Holdco Corp. and iStar Marlin LLC,
is available at no charge at http://ResearchArchives.com/t/s?67f1

                       About iStar Financial

New York-based iStar Financial Inc. (NYSE: SFI) provides custom-
tailored investment capital to high-end private and corporate
owners of real estate, including senior and mezzanine real estate
debt, senior and mezzanine corporate capital, as well as corporate
net lease financing and equity.  The Company, which is taxed as a
real estate investment trust, provides innovative and value added
financing solutions to its customers.

                           *     *     *

As reported by the Troubled Company Reporter on July 13, 2010,
Standard & Poor's Ratings Services lowered its long-term
counterparty credit rating on iStar Financial to 'CCC' from 'B-'.
At the same time, S&P lowered the senior unsecured debt rating to
'CCC-' from 'CCC+.' The outlook is negative.

iStar's limited funding flexibility and the severe credit quality
deterioration in its loan portfolio continue to put negative
pressure on the rating.  "S&P's analysis indicates that the firm
should not become insolvent and has ample liquidity to operate
through 2010, but management faces a significant challenge with
$3.0 billion in debt coming due in 2011 and $3.5 billion due in
2012," said Standard & Poor's credit analyst Jeffrey Zaun.  In the
longer term, the company's concentration in highly cyclical
commercial real estate will limit the ratings.  Although credit-
market turmoil and a severe recession impeded capital formation
through 2009, the firm's capital ratios improved slightly in
first-quarter 2010.  Management has been able to execute a rapid
pull-back in operations through a protracted and severe recession
in CRE markets.

                        About LNR Property

Headquartered in Miami Beach, Florida, LNR Property Corporation is
a servicer of commercial mortgage loans and CMBS and a diversified
real estate, investment, finance and management company.

LNR Property is subject to a forbearance agreement as modified by
the Fifth Forbearance Agreement and Amendment, dated July 21,
2010, with its parent, LNR Property Holdings Ltd., and Deutsche
Bank AG, individually as a lender, and as administrative agent for
the lenders.

                           *     *     *

On August 3, 2010, the Troubled Company Reporter said Standard &
Poor's Ratings Services changed its long-term counterparty credit
ratings on LNR Property Holdings and LNR Property first to 'SD'
from 'CCC', and then to 'B-' from 'SD'.  At the same time, S&P
raised its rating on the company's term loan to 'B-', the same as
the corporate credit rating on the company.

"LNR's debt reorganization has substantially improved the
company's leverage and liquidity metrics, in S&P's view," said
Standard & Poor's credit analyst Adom Rosengarten.  "It also gives
the company a larger cushion under the total leverage covenant
affiliated with its remaining outstanding debt."

The company used balance sheet cash and $417 million from a new
equity issuance to pay down its existing term loan to $425 million
from $851 million.  It also eliminated $450 million of senior
notes that had been issued by LNR's parent company.  S&P's rating
upgrade to 'B-' reflects this improvement.

As reported by the TCR on June 14, 2010, Moody's placed LNR
Property's senior secured bank credit facility and corporate
family ratings on review for possible upgrade following the
company's announcement that it intends to recapitalize its
business.  LNR carries Moody's "Ca" senior secured credit facility
and corporate family ratings.  Moody's said the upgrades would be
multiple notches if LNR is successful in its plans.

As part of the recapitalization, existing shareholders and
existing holding company note holders will participate in a
$400 million Equity Rights Offering.  LNR has engaged Goldman
Sachs and Bank of America Merrill Lynch as arrangers for a
$445 million 1st lien senior secured term loan.  The proceeds of
the rights offering and the new term loan, in addition to cash on
hand, will be used to refinance LNR's existing $868 million senior
secured term loan and cancel its $150 million revolver.  In
addition, LNR's existing $420 million holding company notes will
be converted to equity.


LNR PROPERTY: Moody's Upgrades Corporate Family Rating to 'B2'
--------------------------------------------------------------
Moody's upgraded LNR's corporate family rating and senior secured
bank credit facility to B2 from Ca.  The outlook is stable.  This
concludes Moody's review initiated on June 10, 2010.  In addition,
Moody's withdrew the (P)B1 rating for a proposed senior secured
term loan LNR had contemplated in June 2010.

The rating action reflects LNR's recent recapitalization in which
the company raised approximately $417 million in cash through an
equity issuance.  Along with cash on hand, LNR used the proceeds
to pay down $426 million of its existing credit facility, which
currently has an outstanding balance of $425 million due July
2011.  In addition, LNR's parent company extinguished $450 million
senior notes through an exchange for stock in LNR.

As a result of the recapitalization, LNR's leverage metrics
improve significantly, and importantly, the company should
maintain adequate cushion in its bank covenants over the next
year.  While the firm's financial position has improved and
operating fundamentals appear to be stabilizing, Moody's notes
that LNR's liquidity profile will be challenged until it resolves
the maturity of its bank facility in July 2011.

Moody's indicated that a rating upgrade is unlikely in the short-
term, but would be predicated upon success in profitably growing
its servicing and funds management businesses, improvement in
asset quality and success in refinancing its bank facility.  This
success would translate into improvement in leverage and fixed
charges ratios.  A downgrade would result if LNR has any
difficulty in refinancing or paying off its existing debt.

These ratings were upgraded with a stable outlook:

* LNR Property Corporation -- senior secured credit facility to B2
  from Ca; corporate family rating to B2 from Ca

These ratings were withdrawn:

* LNR Property Corporation -- senior secured term loan at (P)B1

Moody's last rating action with respect to LNR Property
Corporation was on June 10, 2010 when Moody's placed LNR's senior
secured credit facility and corporate family ratings under review
for upgrade and assigned a (P)B1 rating to a proposed senior
secured term loan.

LNR Property Corporation is a real estate investment and
management company headquartered in Miami Beach, Florida, USA.

LNR Property Corporation'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 and tolerance for risk.  These
attributes were compared against he issuers both within and
outside of LNR's core industry and the company's ratings are
believed to be comparable to those of other issuers of similar
credit risk.


LNR PARTNERS: S&P Changes Financial Position on Servicer Ratings
----------------------------------------------------------------
Standard & Poor's Ratings Services revised the financial position
associated with its STRONG commercial mortgage special servicer
ranking and ABOVE AVERAGE construction loan special servicer
ranking on LNR Partners Inc. to 'Sufficient' from 'Insufficient'.
S&P's action reflects the July 30, 2010, raising of the long-term
counterparty credit ratings on LNR Property Holdings Ltd. and LNR
Property Corp. to 'B-'.

Both special servicer rankings remain on CreditWatch with negative
implications, where S&P initially placed them on March 16, 2010.
S&P will resolve the extended CreditWatch placements after S&P
complete S&P's full assessment of LNR's midyear operational status
and performance results, including a review of its asset recovery
data and staffing levels.  LNR remains on S&P's Select Servicer
List, in accordance with S&P's criteria.

LNR currently manages the largest active special servicing
portfolio among all S&P's ranked special servicers.  As of May 31,
2010, its active special servicing portfolio consisted of 1,260
loans and 181 real estate owned properties with a combined unpaid
balance of approximately $22.6 billion.


LUBBOCK GATEWOOD: Case Summary & 15 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Lubbock Gatewood LLC
        2701 44th Street
        Lubbock, TX 79413

Bankruptcy Case No.: 10-50371

Chapter 11 Petition Date: August 2, 2010

Court: U.S. Bankruptcy Court
       Northern District of Texas (Lubbock)

Judge: Robert L. Jones

Debtor's Counsel: Stephen W. Sather, Esq.
                  Barron and Newburger
                  1212 Guadalupe, Suite 104
                  Austin, TX 78701
                  Tel: (512) 476-9103
                  Fax: (512) 476-9253
                  E-mail: ssather@bnswlaw.com

Scheduled Assets: $2,318,928

Scheduled Debts: $$7,059,233

The petition was signed by Vikram Sodhi, secretary.

Debtor's List of 15 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
CGT Construction                   Services               $110,785
Pacific Registered Agents, Inc.
1093 Mayfield Drive
Houston, TX 77043

Lubbock Power & Light              Services                 $9,456
P.O. Box 10541
Lubbock, TX 79408

Tenant Security Deposits           Security Deposits        $5,305

Carpet Barn                        Goods                    $4,103

Republic Services                  Vendor                   $3,945

Ocius                              Services                 $1,836

Terminix                           Services                 $1,717

My New Place                       Services                 $1,332

Want Ads4U Thrifty Nickel          Advertising                $650

Tenant Tracker                     Services                   $400

Red Hawk                           Vendor                     $399

Lubbock Apartment Association      Association                $216

Answer Network                     Services                   $161

Concentra Health Services          Health                      $40

Balloons by the Bunch, Inc.        Balloons                    $32


LUBBOCK TWIN: Case Summary & 12 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Lubbock Twin Oaks LLC
        2701 44th Street
        Lubbock, TX 79413

Bankruptcy Case No.: 10-50370

Chapter 11 Petition Date: August 2, 2010

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

Judge: Robert L. Jones

Debtor's Counsel: Stephen W. Sather, Esq.
                  Barron and Newburger
                  1212 Guadalupe, Suite 104
                  Austin, TX 78701
                  Tel: (512) 476-9103
                  Fax: (512) 476-9253
                  E-mail: ssather@bnswlaw.com

Scheduled Assets: $5,407,864

Scheduled Debts: $2,984,684

A list of the Company's 12 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/txnb10-50370.pdf

The petition was signed by Vikram Sodhi, secretary.


LYMAN STRINGER: Case Summary & 12 Largest Unsecured Creditors
-------------------------------------------------------------
Joint Debtors: Lyman W. Stringer
               Barbara G. Stringer
               216 Woodcliff Court
               McDounough, GA 30252

Bankruptcy Case No.: 10-82669

Chapter 11 Petition Date: August 3, 2010

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

Judge: C. Ray Mullins

Debtor's Counsel: Edward F. Danowitz, Jr., Esq.
                  Danowitz & Associates, P.C.
                  300 Galleria Parkway, NW, Suite 960
                  Atlanta, GA 30339
                  Tel: (770) 933-0960
                  E-mail: edanowitz@danowitzlegal.com

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

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

A list of the Joint Debtors' 12 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ganb10-82669.pdf


MADRID LLC: Case Summary & 5 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Madrid, LLC
          dba Florida Open MRI
              Radiology B. Services
        7201 N Pine Island Road
        Tamarac, FL 33321

Bankruptcy Case No.: 10-32751

Chapter 11 Petition Date: August 3, 2010

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

Judge: Raymond B. Ray

Debtor's Counsel: Chad T. Van Horn, Esq.
                  330 N Andrews Ave #450
                  Ft Lauderdale, FL 33301
                  Tel: (954) 765-3166
                  E-mail: chad@brownvanhorn.com

Scheduled Assets: $265,366

Scheduled Debts: $1,990,031

A list of the Company's five largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flsb10-32751.pdf

The petition was signed by Miroslav Jaksic, managing member.


MAGIL CORPORATION: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Magil Corporation
        500 N. Oakwood Rd.
        Lake Zurich, IL 60047

Bankruptcy Case No.: 10-34831

Chapter 11 Petition Date: August 3, 2010

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

Judge: Jack B. Schmetterer

Debtor's Counsel: William J Factor, Esq.
                  The Law Office of William J. Factor, Ltd.
                  1363 Shermer Road, Suite 224
                  Northbrook, IL 60062
                  Tel: (847) 239-7248
                  Fax: (847) 574-8233
                  E-mail: wfactor@wfactorlaw.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/ilnb10-34831.pdf

The petition was signed by Gilbert Voisin, president.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
500 Oakwood LLC                        10-34821   08/03/10


MARIO SUAREZ: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Joint Debtors: Mario Ruben Suarez
                 dba Bella Union
                     Adobe Lodge
                     Benson Bull
               Martha Irene Suarez
               1340 Ocotillo Road
               Benson, AZ 85602

Bankruptcy Case No.: 10-24587

Chapter 11 Petition Date: August 4, 2010

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

Judge: James M. Marlar

Debtor's Counsel: Eric Slocum Sparks, Esq.
                  Eric Slocum Sparks PC
                  110 S. Church Avenue, #2270
                  Tucson, AZ 85701
                  Tel: (520) 623-8330
                  Fax: (520) 623-9157
                  E-mail: eric@ericslocumsparkspc.com

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

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

The Joint Debtors did not file a list of largest unsecured
creditors together with their petition.


MARSHALL GROUP: Plan Confirmation Hearing Set for Sept. 7
---------------------------------------------------------
The U.S. Bankruptcy Court for the District of Oregon will consider
on September 7, 2010, at 10:00 a.m., the confirmation of the
Reorganization Plan for The Marshall Group, LLC, amended as of
June 21.  The hearing will be held at Courtroom No. 3, 1001 S.W.
5th Ave., 7th Floor, Portland, Oregon.  Objections, if any, and
written ballots accepting or rejecting the Plan are due seven days
prior to the hearing date.

As reported in the Troubled Company Reporter on June 29, Conrad
Myers, Chapter 11 trustee for the Debtor, submitted a Plan
proposed by the creditors of the Debtor's estate.

The Plan contemplates that unsecured creditors that each have
claims in excess of $100 will be paid from excess cash flow from
operation of the Reorganized Debtor's business, after certain
other payments to creditors are made.  In addition, unsecured
creditors will receive the net proceeds from the ultimate sale of
the clinics.  The Trustee anticipates $1 million and $1.5 million
available to pay creditors over a period of 24 to 60 months.  The
trustee estimates this will lead to a distribution of between 10%
and 20% (without a discount for the time value of money) to each
unsecured creditor.

Unsecured creditors owed less than $100 may either receive (1) a
cash payment of 20% of their claim within 30 days of the effective
date of the Plan, or (2) receive a voucher for services equal to
the greater of 50% of their claim or $15.

A full-text copy of the explanatory Disclosure Statement, as twice
amended, is available for free at:

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

                   About The Marshall Group LLC

The Marshall Group LLC owns and operates two medical clinics --
one in Redmond, Oregon, and the second in McMinnville, Oregon.
The Debtor also owns several parcels of real property in
McMinnville, Oregon.  There is a new three-story office building,
former hotel, restaurant, and 2 empty houses on the McMinnville
Complex.  The Debtor has completed construction of the first floor
of its office building.  It has leased space on the first floor.
Construction on the second and third floors is not completed.

The Company filed for Chapter 11 protection on Sept. 4, 2008
(Bankr. D. Ore. Case No. 08-34585).  Gary U. Scharff, Esq., at
Gary Underwood Scharff Law Office, in Portland, Oregon, serves as
bankruptcy counsel to the Debtor.  In its schedules, the Debtor
listed total assets of $12,559,346, and total debts of
$12,913,569.


MERIDIAN RESOURCES: Halts SEC Reporting; Cancels Common Stock
-------------------------------------------------------------
The Meridian Resource Corporation has filed a Form 15 with the
Securities and Exchange Commission to remove its common stock from
registration and suspend its duty to file reports.

On December 22, 2009, the Company entered into an Agreement and
Plan of Merger with Alta Mesa Holdings, LP and Alta Mesa
Acquisition Sub, LLC, a direct wholly owned subsidiary of Alta
Mesa.  Under the terms of the Merger Agreement, as amended,
shareholders would receive $0.33 per share of common stock, to be
paid in cash, and Alta Mesa would assume the Company's debts and
obligations. The Company would be merged into Merger Sub with
Merger Sub as the surviving entity.  At a shareholder meeting held
on May 10, 2010 where a vote was taken, the merger was approved.
The transaction was closed on May 13, 2010, at which time the
Company's stock ceased to be publicly traded and the Company was
merged with and into Merger Sub, assuming the name Alta Mesa
Acquisition Sub, LLC.  The Company's shareholders immediately
prior to the merger ceased to have any rights as shareholders of
the Company, and no longer have an interest in the Company's
future earnings or growth (other than the right to receive
consideration for their shares under the Merger Agreement, or the
right to an appraisal of their shares under Texas law.)  The debt
under the Company's credit facility, $82 million at the time, was
extinguished, and all other liabilities, including a $5.3 million
term note, were assumed by Merger Sub as of the closing date.  The
Company has filed the appropriate forms with the SEC to
discontinue its reporting obligations, and the stock has been
delisted from the New York Stock Exchange. As of May 13, 2010,
Meridian is no longer a separate and independent going concern.

Meridian also reports that the shareholder suit in connection with
the merger has been settled.  On March 24, 2010, a proposed
settlement has been reached between the parties in the
consolidated shareholder litigation, styled Leider, derivatively
on behalf of The Meridian Resource Corporation v. Ching, et al.,
in the 190th Judicial District Court of Harris County, Texas,
Cause No. 2010-01279.  The full terms and conditions of the
proposed Settlement are set forth in the Stipulation of
Settlement, which is on file with the Court.  On August 2, 2010,
the Company published a Notice of Proposed Settlement of
Shareholder Action, Hearing Thereon, and Right to Appear.

The Court has given its preliminary approval to the Settlement,
and has scheduled a final settlement hearing on October 18, 2010,
at 9:00 a.m. to determine whether the dismissal of the Litigation
pursuant to the Settlement should be approved by the Court and a
final judgment entered, whether the fee award and the incentive
award should be approved by the Court, and such other matters as
may be necessary or proper in the circumstances.

A full-text copy of the settlement notice is available at no
charge at http://ResearchArchives.com/t/s?6808

Meridian defaulted on a $35 million payment due July 29, 2009, to
its lenders led by Fortis Capital Corp.  Meridian subsequently
entered into a forbearance agreement with Fortis.  That agreement
was extended several times to allow Meridan to close on the
merger.  Meridian also hired bankruptcy counsel to prepare for a
possible bankruptcy filing in the event the merger with Alta Mesa
was not consummated.

                    About Meridian Resource

Based in Houston, Texas, The Meridian Resource Corporation
(NYSE:TMR) -- http://www.tmrc.com/-- is an independent oil and
natural gas company engaged in the exploration, exploitation,
acquisition and development of oil and natural gas in Louisiana,
Texas, and the Gulf of Mexico.  Meridian has access to an
extensive inventory of seismic data and, among independent
producers, is a leader in using 3-D seismic and other technologies
to analyze prospects, define risk, target and complete high-
potential wells for exploration and development. Meridian has a
field office in Weeks Island, Louisiana.

This concludes the Troubled Company Reporter's coverage of
Meridian until facts and circumstances, if any, emerge that
demonstrate financial or operational strain or difficulty at a
level sufficient to warrant renewed coverage.


METRO-GOLDWYN-MAYER: Bank Debt Trades at 58% Off
------------------------------------------------
Participations in a syndicated loan under which Metro-Goldwyn-
Mayer, Inc., is a borrower traded in the secondary market at 42.25
cents-on-the-dollar during the week ended Friday, Aug. 6, 2010,
representing a drop of 2.33 percentage points from the previous
week according to data compiled by Loan Pricing Corp. and reported
in The Wall Street Journal.  The Company pays 275 basis points
above LIBOR to borrow under the facility, which matures on April
8, 2012.  The debt is not rated by Moody's and Standard & Poor's.
The loan is one of the biggest gainers and losers among 199 widely
quoted syndicated loans with five or more bids in secondary
trading for the week ended Friday.

                   About Metro-Goldwyn-Mayer

Metro-Goldwyn-Mayer, Inc., is an independent, privately held
motion picture, television, home video, and theatrical production
and Distribution Company.  The Company owns the world's largest
library of modern films, comprising approximately 4,000 titles,
and over 10,400 episodes of television programming.  An investor
consortium, comprised of Providence Equity Partners, TPG Capital,
Sony Corporation of America, Comcast Corporation, DLJ Merchant
Banking Partners and Quadrangle Group, owns MGM.

Metro-Goldwyn- Mayer Inc. said its lenders agreed to give the film
studio until Sept. 15 to repay interest and principal due on its
bank debt.  MGM has received extensions from lenders on the missed
payments.

MGM has hired investment bank Moelis & Company and the law firm
Skadden, Arps, Slate, Meagher & Flom.  In August 2009, it hired
the restructuring expert Stephen F. Cooper to help lead the
company.  MGM tried to sell itself in March 2010 but received low
bids.


MEXICANA AIRLINES: Hearing on TRO on U.S. Claims on Aug. 16
-----------------------------------------------------------
At the behest of Maru Johansen, in her capacity as the foreign
representative of Mexicana Airlines, Judge Martin Glenn issued a
show cause order on August 5, 2010, directing all parties-in-
interest to convene on August 16, 2010, at 10:00 a.m., to show why
a preliminary injunction should not be granted pending the
issuance of an order recognizing the Concurso Proceeding as a
"foreign main proceeding" as defined in Section 1502(4) of the
Bankruptcy Code.

Judge Glenn, who replaced Judge Stuart Bernstein to oversee
Mexicana Airlines' Chapter 15 case, ruled that the protection of
Section 362 of the U.S. Bankruptcy Code applies to the airline and
its assets in the United States pending entry of further court
order.

Pending further order of the Bankruptcy Court:

  (1) Ms. Johansen is established as the representative of
      Mexicana Airlines with full authority to administer its
      assets and affairs in the U.S.;

  (2) the Foreign Representative is entrusted with the
      administration or realization of Mexicana Airlines' assets
      in the U.S. including all of its assets that may have been
      transferred to parties in the U.S.;

  (3) all persons and entities are enjoined from seizing,
      attaching, enforcing and executing liens or judgments
      against Mexicana Airlines' property in the U.S. or from
      transferring, encumbering or otherwise disposing of and
      interfering with its assets, agreements, rights services
      and operations without approval from the Mexico Court or
      the U.S. Bankruptcy Court, or without a written consent of
      the Foreign Representative;

  (4) all persons and entities are enjoined from commencing or
      continuing any judicial, administrative or any other
      action and proceeding in the U.S. involving or against
      Mexicana Airlines and its assets or proceeds thereof, or
      to recover a claim or enforce any judicial, quasi-
      judicial, regulatory, administrative or other judgment,
      assessment, order, lien or arbitration award against
      Mexicana Airlines, its assets or proceeds thereof without
      approval from the Mexico Court or the U.S. Bankruptcy
      Court or without a written consent of the Foreign
      Representative; and

  (5) the administration and realization of all of Mexicana
      Airlines' assets in the U.S. is entrusted to the Foreign
      Representative, including those that may have been
      transferred to third parties.

The Foreign Representative and Mexicana Airlines are granted the
full protections and rights available under Section 1519(a)(1)-(3)
of the Bankruptcy Code.

The banks and financial institutions where Mexicana Airlines
maintains its U.S.-based bank accounts or where checks are drawn
and electronic payment requests are made in payment of its
obligations are authorized to continue to service and
administer the airline's bank accounts without interruption and in
the ordinary course.  They are also authorized to process and
honor checks, drafts, wires and automatic clearing house transfers
issued, whether before or after the Petition Date and drawn on
Mexicana Airlines' bank accounts by their holders and makers, and
at the direction of the Foreign Representative or the airline, as
the case may be.

The Foreign Representative's lawyer, William Heuer, Esq., at Duane
Morris LLP, in New York, asserted that without court approval of
the relief requested, Mexicana Airlines could experience
disruption to its restructuring and operations.

Mr. Heuer pointed out that Mexicana Airlines has U.S. assets
exposed to potentially adverse action by its creditors and that it
requires provisional protection to prevent such action and to
facilitate an expeditious restructuring.

Mexicana Airlines has already received several notices of default
under the terms of its aircraft and spare engine leases as well as
notices to terminate those leases and ground the aircraft.  Many
of its aircraft were also seized in Canada and there were similar
attempts made in other areas, Mr. Heuer disclosed in an affidavit
filed with the Bankruptcy Court.

Ms. Johansen, in a declaration, said that Mexicana Airlines will
comply with any final order of the Bankruptcy Court or the Mexico
Court requiring that any of its aircraft or spare engines be
returned to the lessor.

           Wells Fargo Seeks Relief from Court Order

In a related development, Wells Fargo Bank Northwest N.A., Marco
Aircraft Leasing Limited and AeroTurbine Inc. filed a motion
seeking relief from the Bankruptcy Court's order.

Wells Fargo, Marco Aircraft and AeroTurbine leased out some of
their aircraft, engines and equipment to Mexicana Airlines.
Mexicana Airlines defaulted under its agreements with the lessors
after it allegedly failed or refused to make payments.

John Toriello, Esq., at Holland & Knight LLP, in New York, said
the leases had already been cancelled and that the lessors had
already informed Mexicana Airlines about the cancellation through
the July 29 letters that were sent to the airline.

"The effect of the cancellation of the leasing of the aircraft,
engines and component parts is that they are no longer assets or
property of Mexicana's estate under the Bankruptcy Code," Mr.
Toriello said in court papers.  He added that the leased
properties are no longer subject to the automatic stay provided
for in Section 362 of the Bankruptcy Code or the injunction
provided for under the Bankruptcy Court's order.

Lewis Wood, Aengus Kelly, and legal counsel for the lessors,
Abogados Sierra y Vazquez S.C. and Holland & Knight LLP, filed
declarations with the Bankruptcy Court in support of the motion.

Mr. Wood is the senior vice-president of AeroTurbine's Supply
Chain and Engine Leasing while Mr. Kelly is the chief executive of
Aercap Group Services Inc., the firm authorized to act as servicer
for certain aircraft on behalf of Wells Fargo and Marco Aircraft.

In compliance with Rule 7007.1 of the Federal Rules of Bankruptcy
Procedure, Mr. Toriello certifies that:

  (a) Wells Fargo Bank Northwest N.A. is a wholly owned
      subsidiary of Wells Fargo & Co.,

  (b) Macro Aircraft Leasing Limited is a wholly owned
      subsidiary of AerCap Holdings N/V, and

  (c) Aero Turbine, Inc. is a wholly owned subsidiary of AerCap,
      Inc., itself a wholly owned subsidiary of AerCap Holdings
      N/V.

Mexicana Airlines is required to serve a response to Holland &
Knight by August 9, 2010.  It is also required to show cause
before the Bankruptcy Court on August 11, 2010, why approval of
Wells Fargo's motion should be denied.  Meanwhile, reply papers,
if any, should also be served by August 10, 2010, by service on
counsel for the Foreign Representative.

                     About Mexicana Airlines

Compania Mexicana de Aviacion or Mexicana Airlines --
http://www.mexicana.com/-- is a privately held airline and a
subsidiary of Nuevo Grupo Aeronautico.  Founded in 1921, Mexicana
is the oldest commercial carrier in North America.  Charles
Lindbergh piloted the first trip for Mexicana between Brownsville,
Texas, and Mexico City.

Grupo Mexicana de Aviacion is the parent of Compania Mexicana.
Two other units are Aerovias Caribe S.A. de C.V. (Mexicana Click)
and Mexicana Inter S.A. de C.V. (Mexicana Link).

Compania Mexicana de Aviacion or Mexicana Airlines, Mexico's
largest airline, filed for bankruptcy in the U.S. and Mexico on
August 2, 2010.  In the U.S., the company filed in the U.S.
Bankruptcy Court in Manhattan for Chapter 15 bankruptcy protection
(case no. 10-14182), and in Mexico, it filed for the equivalent of
Chapter 11.

Compania Mexicana estimated assets of $500 million to $1 billion
and debts of more than $1 billion in its Chapter 15 petition.
William C. Heuer, Esq., at Duane Morris LLP, serves as counsel to
Maru E. Johansen, foreign representative of Compania Mexicana.

Mexicana de Aviacion stated that despite its bankruptcy filing, it
expects to continue to operate normally, and that such filings did
not affect the operations of Click Mexicana and Mexicana Link,
which are independent companies from Mexicana de Aviacion.


MEXICANA AIRLINES: Petition for Insolvency Case in Mexico Admitted
------------------------------------------------------------------
A District Judge of Mexico City published the admission decree to
the Concurso Mercantil petition filed by Compania Mexicana de
Aviacion (CMA) on August 2, legally initiating the insolvency
petition process aimed to restore CMA's viability.  In order for
CMA to continue operations and to protect the Company, passengers
and its creditors, a series of temporary injunction relief
measures have been granted to prevent creditors from exercising
their rights over CMA's outstanding debt obligations.  Such
measures are subject to negotiations with CMA's creditors and
unions.

Compania Mexicana de Aviacion would like to remind passengers that
MexicanaClick and MexicanaLink operate independently of CMA, and
are therefore unaffected by this process.

Compania Mexicana de Aviacion would like to reaffirm its
commitment to its customers, business partners and employees.  For
regular updates on the progress of negotiations and the
restructuring process please visit www.mexicana.com, or follow CMA
on Twitter: @mexicana_com

                     About Mexicana Airlines

Compania Mexicana de Aviacion or Mexicana Airlines --
http://www.mexicana.com/-- is a privately held airline and a
subsidiary of Nuevo Grupo Aeronautico.  Founded in 1921, Mexicana
is the oldest commercial carrier in North America.  Charles
Lindbergh piloted the first trip for Mexicana between Brownsville,
Texas, and Mexico City.

Grupo Mexicana de Aviacion is the parent of Compania Mexicana.
Two other units are Aerovias Caribe S.A. de C.V. (Mexicana Click)
and Mexicana Inter S.A. de C.V. (Mexicana Link).

Compania Mexicana de Aviacion or Mexicana Airlines, Mexico's
largest airline, filed for bankruptcy in the U.S. and Mexico on
August 2, 2010.  In the U.S., the company filed in the U.S.
Bankruptcy Court in Manhattan for Chapter 15 bankruptcy protection
(case no. 10-14182), and in Mexico, it filed for the equivalent of
Chapter 11.

Compania Mexicana estimated assets of $500 million to $1 billion
and debts of more than $1 billion in its Chapter 15 petition.
William C. Heuer, Esq., at Duane Morris LLP, serves as counsel to
Maru E. Johansen, foreign representative of Compania Mexicana.

Mexicana de Aviacion stated that despite its bankruptcy filing, it
expects to continue to operate normally, and that such filings did
not affect the operations of Click Mexicana and Mexicana Link,
which are independent companies from Mexicana de Aviacion.


MEXICANA AIRLINES: U.S. Recognition of Concurso Proceeding Sought
-----------------------------------------------------------------
Maru E. Johansen, vice-president legal & corporate affairs of
Compania Mexicana de Aviacion, SA de C.V., in her capacity as
foreign representative, asks Judge Martin Glenn of the U.S.
Bankruptcy Court for the Southern District of New York to
recognize the "Concurso Proceeding" as a "foreign main proceeding"
pursuant to Sections 1517(a) and (b)(1) of the U.S. Bankruptcy
Code.

In addition, Ms. Johansen asks the Court to issue an order (i)
recognizing her as the duly appointed "foreign representative," as
defined in 11 U.S.C. Section 101(24), of Mexicana; and (ii) to the
extent necessary, if the Concurso Proceeding is found to be a
foreign "nonmain" proceeding rather than a foreign "main"
proceeding, granting relief under Sections 1521(a)(1), (2), (3),
(5) and (6) and 1521(b) of the Bankruptcy Code.

Ms. Johansen tells the Court that Mexicana's Chapter 15 proceeding
will complement the company's primary proceedings in Mexico to
ensure the effective and economic administration of the company's
restructuring efforts.

Ms. Johansen submits that all of the requirements for recognition
of a foreign main proceeding are satisfied by Mexicana.

"As a threshold matter, the Concurso Proceeding is a 'foreign
proceeding' as that term is defined in Section 101(23) of the
Bankruptcy Code," she says.

Section 101(23) defines a "foreign proceeding" as a collective
judicial or administrative proceeding in a foreign country,
including an interim proceeding, under a law relating to
insolvency or adjustment of debt in which proceeding the assets
and affairs of the debtor are subject to control or supervision by
a foreign court, for the purpose of reorganization or liquidation.

Ms. Johansen notes that Mexicana's Concurso Proceeding is a
collective administrative proceeding under the Concurso Law,
administered in the Mexican Court, which relates to insolvency and
adjustment of debt.  The purpose of the Concurso Proceeding is to
allow financially troubled businesses time to either craft and
execute a plan of reorganization or go through an orderly
liquidation of their assets.  The process is controlled by the
Mexico Court, which has authority at the outset to grant or deny
the Concurso petition and has review and approval rights over any
plan of reorganization filed by the debtor.

Under the Concurso Law, she continues, though Mexicana will remain
in control of its business and operations, the process of forming
the plan of reorganization is overseen by a court appointed
administrator, the Conciliador, who exercises powers similar to
those of the United States Trustee in a proceeding under the
Bankruptcy Code.  Moreover, because Mexicana operates under a
concession of title from the Mexican government as a "Public
Service," the Mexican Ministry of Transportation and
Communications will participate.  For these reasons, Mexicana's
assets are and will continue to be "subject to control or
supervision by a foreign court" through the Concurso Proceeding.

Moreover, Ms. Johansen explains, Mexicana meets the requirements
under Section 1502(4) of the Bankruptcy Code which defines a
foreign "main" proceeding as "a foreign proceeding pending in the
country where the debtor has the center of its main interests."

"There is no doubt that Mexico is Mexicana's 'center of main
interests'," Ms. Johansen contends.  The vast majority of
Mexicana's assets are located in Mexico, many of its employees are
located in Mexico, and its worldwide flight hub is
in Mexico City, she points out.

The final requirement for recognition of a foreign main proceeding
is compliance with the procedural and evidentiary requirements of
Section 1515 of the Bankruptcy Code.  Section 1515 (i) requires
that a petition be filed with the court and (ii) lists the
documents and statements that must accompany the petition for
recognition.

Ms. Johansen notes that on behalf of Mexicana, she has properly
filed the company's Chapter 15 Petition as required by Section
1515(a) of the Bankruptcy Code.

Documents evidencing: (i) the appointment of the Petitioner as
foreign representative and (ii) the commencement and existence of
the Concurso Proceeding, in the form of the Board Resolution and
Concurso petition, have been provided to the Foreign
Representative Declaration, as required under Section 1515(b).
English translations of the Resolution and Concurso petition, as
required by Section 1515(d) of the Bankruptcy Code, are attached
to the Foreign Representative Declaration.

In addition, as is required by Section 1515(c), the Foreign
Representative Declaration includes a statement identifying the
Concurso Proceeding as the only foreign proceeding currently
pending with respect to Mexicana.

In the event the Court finds that the Concurso is not entitled to
foreign main proceeding status, Mexicana requests that foreign
nonmain status be granted.  Mexicana submits that based on the
evidence submitted by way of the Foreign Representative's
Declaration, Mexicana has ably demonstrated that it has a
nontransitory economic presence in Mexico.

To the extent the Court grants foreign nonmain status, Mexicana
requests that the Court grant it the same relief, and to the same
extent, on an interim basis in the Chapter 15 proceeding.

Ms. Johansen and Jaime Rene Guerra Gonzalez, Esq., Mexicana's
counsel in the Concurso Proceedings, filed declarations in support
of the request.

                     About Mexicana Airlines

Compania Mexicana de Aviacion or Mexicana Airlines --
http://www.mexicana.com/-- is a privately held airline and a
subsidiary of Nuevo Grupo Aeronautico.  Founded in 1921, Mexicana
is the oldest commercial carrier in North America.  Charles
Lindbergh piloted the first trip for Mexicana between Brownsville,
Texas, and Mexico City.

Grupo Mexicana de Aviacion is the parent of Compania Mexicana.
Two other units are Aerovias Caribe S.A. de C.V. (Mexicana Click)
and Mexicana Inter S.A. de C.V. (Mexicana Link).

Compania Mexicana de Aviacion or Mexicana Airlines, Mexico's
largest airline, filed for bankruptcy in the U.S. and Mexico on
August 2, 2010.  In the U.S., the company filed in the U.S.
Bankruptcy Court in Manhattan for Chapter 15 bankruptcy protection
(case no. 10-14182), and in Mexico, it filed for the equivalent of
Chapter 11.

Compania Mexicana estimated assets of $500 million to $1 billion
and debts of more than $1 billion in its Chapter 15 petition.
William C. Heuer, Esq., at Duane Morris LLP, serves as counsel to
Maru E. Johansen, foreign representative of Compania Mexicana.

Mexicana de Aviacion stated that despite its bankruptcy filing, it
expects to continue to operate normally, and that such filings did
not affect the operations of Click Mexicana and Mexicana Link,
which are independent companies from Mexicana de Aviacion.


MICHAEL HOWELL: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Joint Debtors: Michael Ray Howell
               Mary Katherine Howell
               12816 North 57th Avenue
               Glendale, AZ 85304

Bankruptcy Case No.: 10-24510

Chapter 11 Petition Date: August 4, 2010

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

Judge: Redfield T. Baum Sr.

Debtor's Counsel: Allan D. Newdelman, Esq.
                  Allan D. Newdelman PC
                  80 E. Columbus Avenue
                  Phoenix, AZ 85012
                  Tel: (602) 264-4550
                  Fax: (602) 277-0144
                  E-mail: anewdelman@qwestoffice.net

Scheduled Assets: $395,018

Scheduled Debts: $1,430,855

A list of the Joint Debtors' 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/azb10-24510.pdf


MICHAELS STORES: Bank Debt Trades at 6% Off in Secondary Market
---------------------------------------------------------------
Participations in a syndicated loan under which Michaels Stores,
Inc., is a borrower traded in the secondary market at 94.10 cents-
on-the-dollar during the week ended Friday, Aug. 6, 2010,
representing an increase of 0.61 percentage points from the
previous week according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  The Company pays 225 basis
points above LIBOR to borrow under the facility.  The bank loan
matures on Oct. 31, 2013, and carries Moody's B2 rating and
Standard & Poor's b rating.  The loan is one of the biggest
gainers and losers among 199 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

Headquartered in Irving, Texas, Michaels Stores, Inc., is the
largest arts and crafts specialty retailer in North America.  As
of March 9, 2009, the Company operated 1,105 "Michaels" retail
stores in the United States and Canada and 161 Aaron Brothers
Stores.

Michaels Stores, Inc., reported net income of $13 million for the
first quarter of fiscal 2010, a $9 million improvement from net
income of $4 million in the first quarter of fiscal 2009.  Total
sales for the quarter ended May 1, 2010, were $901 million, a 5.7%
increase from fiscal 2009 first quarter sales of $852 million.
Same-store sales for the comparable 13-week period increased 4.9%
of which 160 basis points were related to the positive impact of
foreign exchange rates.  First quarter operating income increased
$41 million to $105 million from $64 million in fiscal 2009.

At May 1, 2010, the Company had total assets of $1.56 billion
against total liabilities of $4.32 billion, resulting in
stockholders' deficit of $2.76 billion.


MOMENTIVE PERFORMANCE: Debt Trades at 6% Off in Secondary Market
-----------------------------------------------------------------
Participations in a syndicated loan under which Momentive
Performance Materials, Inc., is a borrower traded in the secondary
market at 93.96 cents-on-the-dollar during the week ended Friday,
Aug. 6, 2010, representing an increase of 1.96 percentage points
from the previous week according to data compiled by Loan Pricing
Corp. and reported in The Wall Street Journal.  The Company pays
250 basis points above LIBOR to borrow under the facility.  The
bank loan matures on Dec. 5, 2013, and carries Moody's B1 rating
and Standard & Poor's CCC+ rating.  The loan is one of the biggest
gainers and losers among 199 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

                     About Momentive Performance

Momentive Performance Materials, Inc., is a producer of silicones
and silicone derivatives, and is engaged in the development and
manufacture of products derived from quartz and specialty
ceramics.  As of Dec. 31, 2008, the Company had 25 production
sites located worldwide, which allows it to produce the majority
of its products locally in the Americas, Europe and Asia.
Momentive's customers include companies in industries, such as
Procter & Gamble, 3M, Goodyear, Unilever, Saint Gobain, Motorola,
L'Oreal, BASF, The Home Depot and Lowe's.

As of March 30, 2010, Momentive had $3.22 billion in total assets,
$3.79 billion in total liabilities, and stockholders' deficit of
$565.8 million.

Momentive carries a 'CCC-' corporate credit rating from Standard &
Poor's Ratings Services.


MORTON INTERNATIONAL: Moody's Upgrades Senior Rating From 'Ba1'
---------------------------------------------------------------
Moody's Investors Service upgraded Morton International Inc.'s
senior unsecured debentures maturing in 2020 to Baa3 from Ba1.
The timing of the upgrade reflects the receipt of a copy of the
guarantee from The Dow Chemical Company, which documents their
agreement with K+S AG to provide an absolute and unconditional
guarantee of certain obligations of Rohm and Haas Company (a
wholly owned subsidiary).  These obligations include the provision
of assurance for timely payment of interest and principal by Rohm
and Haas on these debentures.  Moody's also affirmed the Baa3
senior unsecured ratings of Dow.  The outlook remains negative.

In October 2009, Dow sold the Morton Salt business to K+S AG in a
stock transaction for roughly $1.6 billion.  The salt business was
the most significant asset remaining at Morton International.
However, the presence of a Rohm and Haas guarantee (provided in
2003) created an unusual contractual relationship whereby Rohm and
Haas agreed to provide the cash necessary to pay the interest and
principle on these debentures.  As a direct consequence of this
agreement, these debentures have remained as long term debt on
Dow's balance sheet.  While Dow's guarantee does not directly
benefit Morton's debt holders, their guarantee of Rohm and Haas'
obligations has a similar effect.

Ratings upgraded:

Issuer: Morton International Inc.

  -- Senior Unsecured Debentures to Baa3 from Ba1

The last rating action on The Dow Chemical Company was on
August 4, 2009, when Moody's assigned Baa3 ratings to notes issued
by Dow.  Dow's outlook remains negative.

The debt of Morton International Inc. remains an obligation of The
Dow Chemical Company.  Dow is one of the largest chemical
companies in the world, it has global leading positions in a broad
array of chemicals, including ethylene, styrene, polystyrene,
styrene-butadiene latex, polyurethanes, epoxies, and chlor
alkalis, and many specialty chemicals and materials.  Dow reported
sales of over $51.5 billion for the LTM ending June 30, 2009.


MT ZION: Court Extends Stay from Creditors Until November 23
------------------------------------------------------------
The Hon. Pamela S. Hollis of the U.S. Bankruptcy Court for the
Northern District of Illinois extended until November 23, 2010,
Mt. Zion Limited Partnership's 90-day period relief from the stay
of an act against single asset real estate, by a creditor whose
claim is secured by an interest in the real estate, as set forth
in Section 362(d)(3) of the Bankruptcy Code.

Lake Forest, Illinois-based Mt. Zion Limited Partnership, dba
Woodspring Apartments, owns and operates a residential apartment
project located in Florence, Kentucky, known as Woodspring
Apartments.  The Company filed for Chapter 11 on April 23, 2010
(Bankr. N.D. Ill. Case No. 10-18075).  David K Welch, Esq., at
Crane Heyman Simon Welch & Clar, assists the Debtor in its
restructuring effort.  The Company estimated its assets and debts
at $10 million to $50 million as of the Petition Date.


MT ZION: Secured Lender Wants Chapter 11 Trustee
------------------------------------------------
The Hon. Pamela S. Hollis of the U.S. Bankruptcy Court for the
Northern District of Illinois will consider on August 17, 2010, at
10:30 a.m., PNC Bank, National Association's motion to appoint a
Chapter 11 trustee in the Bankruptcy case of Mt. Zion Limited
Partnership.  The hearing will be held at Courtroom 644, 219 South
Dearborn, Chicago, Illinois.

The Debtor owes PNC Bank $29,825,110, secured by perfected liens
in substantially all the assets of the Debtor, including the
residential apartment project located in Florence, Kentucky, known
as Woodspring Apartments, and the rents derived from the property.

PNC requested for the appointment of a trustee, noting that the
Debtor:

   a. failed to pay real estate taxes, requiring PNC to pay those
      taxes to avoid the imposition of a tax lien;

   b. withdrew funds from the security deposit accounts, in
      violation of applicable law;

   c. failed to make any payment whatsoever on account of its
      indebtedness to PNC from February 1, through the petition
      date; and

   d. failed, as of December 31, 2009, to achieve an occupancy
      rate greater than 64%, which is significantly lower than
      occupancy rates for similar properties in the same market
      area.

                 About Mt. Zion Limited Partnership

Lake Forest, Illinois-based Mt. Zion Limited Partnership, dba
Woodspring Apartments, owns and operates a residential apartment
project located in Florence, Kentucky, known as Woodspring
Apartments.  The Company filed for Chapter 11 on April 23, 2010
(Bankr. N.D. Ill. Case No. 10-18075).  David K Welch, Esq., at
Crane Heyman Simon Welch & Clar, assists the Debtor in its
restructuring effort.  The Company estimated its assets and debts
at $10 million to $50 million as of the Petition Date.


N K III HOSPITALITY: Voluntary Chapter 11 Case Summary
------------------------------------------------------
Debtor: N K III Hospitality, LLC
        2859 Panola Road
        Lithonia, GA 30058

Bankruptcy Case No.: 10-82462

Chapter 11 Petition Date: August 2, 2010

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

Debtor's Counsel: John A. Moore, Esq.
                  The Moore Law Group, LLC
                  1745 Martin Luther King Jr. Dr.
                  Atlanta, GA 30314
                  Tel: (678) 288-5600
                  Fax: (888) 553-0071
                  E-mail: jmoore@moorelawllc.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 Jayesh Patel, owner.


NATIONAL CENTURY: Ex-Director's Sister Gets 6 Months in Prison
--------------------------------------------------------------
Rebecca Parrett's 67-year-old sister has been sentenced to six
months in prison for lying to investigators regarding her fugitive
sister, Bloomberg News reports.

Judge Algenon L. Marbley of the U.S. District Court for the
Southern District of Ohio ruled on July 9, 2010, that Linda Case
must serve eight months of house arrest with an ankle monitoring
device.  Judge Marbley had also presided over Ms. Parrett's trial
in 2008 in her role in the collapse of National Century Financial
Enterprises, Inc.  Ms. Parrett, former vice chairman, secretary,
treasurer, director and owner of National Century Financial
Enterprises, Inc., was sentenced in absentia in March
2009 to 25 years in prison and three years of supervised release.

Ms. Parrett became a fugitive after failing to show up for a Court
appearance, and remains at large, following a March 2008 jury
verdict.  The search for Ms. Parrett has been well publicized, and
her disappearance has been featured on America's
Most Wanted.

Because Ms. Case has been in jail since her February 2010 arrest,
she will receive credit for the time she spent behind bars, the
Business First of Columbus reports, citing Judge Marbley's office.

Prosecutors have dropped the obstruction of justice charges
against Ms. Case as part of an agreement for her to plead guilty
for lying and making false statement to authorities.  Two weeks
after her February 12 arrest, she admitted that she lied to U.S.
Marshals about Ms. Parrett hiding in Mexico and their secret e-
mails, said David Voreacos of Bloomberg News.

"It was blind loyalty to an undeserving sister which has caused
you to serve time when she will not," Bloomberg News quoted Judge
Marbley as saying.  "Isn't that ironic that she was convicted of a
most heinous offense and she escaped confinement and you,
convicted of a lesser offense, you must serve a period of
confinement?  That's ripe with irony," Judge Marbley told Ms.
Case.

Ms. Case's counsel, Adam Lee Nemann, Esq., said in an interview
that she is "kind of the bond between family members."  "She took
responsibility for what she did from the day she was arrested.  At
this point, she wants her sister to get caught.  She's extremely
remorseful," Mr. Nemann said.

According to Bloomberg News, Assistant U.S. Attorney Douglas
Squires wrote to Judge Marbley prior to the sentencing of Ms. Case
and recommended leniency.  "Defendant confirmed that Parrett fled
to Mexico, describing the circumstances of Parrett's flight and
that Parrett had contact with her husband, Gary Green," Mr.
Squires wrote.

Bloomberg News also reports that Ms. Parrett had e-mail
communications starting in September 2008 with Ms. Case and an
attorney, David Riehl, Esq., of Brunswick, Ohio.  Ms. Parrett also
had contact with her sixth husband, Gary Green.

Mr. Squires said in an interview that Mr. Riehl was subject of a
criminal investigation that concluded with no charges being filed.
"Until Parrett is caught and all of her co-conspirators are
identified, there will be an ongoing criminal investigation," Mr.
Squires is quoted by Bloomberg News as saying.

                      About National Century

Headquartered in Dublin, Ohio, National Century Financial
Enterprises, Inc. -- http://www.ncfe.com/-- was the largest
issuer of medical accounts receivable asset backed securities in
the United States before it collapsed in bankruptcy in November
2002 amid allegations of widespread fraud and misappropriation of
assets.  To date, 10 senior executives of the company have been
convicted or pled guilty to federal charges of conspiracy,
securities fraud, wire fraud, and money laundering arising out of
the NCFE securitization program.

NCFE -- through the CSFB Claims Trust, the Litigation Trust, the
VI/XII Collateral Trust, and the Unencumbered Assets Trust -- is
in the midst of liquidating estate assets. The Company filed for
Chapter 11 protection on November 18, 2002 (Bankr. S.D. Ohio Case
No. 02-65235).  The Court confirmed the Debtors' Fourth Amended
Plan of Liquidation on April 16, 2004.  Paul E. Harner, Esq., at
Jones Day, represented the Debtors.


NATIONAL CENTURY: Execs.' Money-Laundering Convictions Reversed
---------------------------------------------------------------
The 6th U.S. Circuit Court of Appeals in Cincinnati has reversed
the money-laundering convictions of Donald H. Ayers and Roger S.
Faulkenberry, The Associated Press reports.

Accordingly, the two former executives of National Century
Financial Enterprises, Inc. must be resentenced.

To recall, Mr. Ayers of Fort Myers, Florida, an NCFE vice
chairman, chief operating officer, director and owner of the
company, was sentenced on Aug. 6, 2008, to 15 years in prison for
conspiracy, securities fraud and money laundering.  Meanwhile, Mr.
Faulkenberry of Dublin, Ohio, a senior executive responsible for
raising money from investors, was sentenced on Aug. 7, 2008, to 10
years in prison for conspiracy, securities fraud, wire fraud and
money laundering.  Messrs. Ayers and Faulkenberry appealed.

The 3-judge panel of the 6th U.S. Circuit Court of Appeals said
the government didn't prove that advances Messrs. Faulkenberry and
Ayers made to medical companies were designed to conceal the
money's source.

"Money in motion does not necessarily equal money laundering,"
Judge Raymond Kethledge wrote in Mr. Faulkenberry's case, reports
AP's Andrew Welsh-Huggins.

On its July 28, 2010 decision on Mr. Ayers' appeal, the appellate
court upheld the fraud convictions, reversing the money laundering
one and returning the case to the trial court for resentencing,
Bloomberg News reports.

Mr. Ayers is currently serving 15 years in Coleman federal prison
in Florida, while Mr. Faulkenberry is serving 10 years in Gilmer
federal prison in West Virginia.

Other former National Century executives were also convicted on
different charges, including former CEO and founder, Lance K.
Poulsen, and Rebecca S. Parrett, former vice chairman, secretary,
treasurer, director and owner, who is currently on the run.

"We conclude there was ample evidence to vindicate the jury's
finding of guilt as to the fraud counts," Bloomberg News quoted
U.S. Circuit Judge Kethledge's 22-page decision on Mr.
Faulkenberry's appeal.  "But money laundering is a different
animal than fraud and we conclude that the government did not
prove money laundering here."

AP says it's unclear how the ruling will affect the former NCFE
executives.  Mr. Faulkenberry was originally serving the 10-year
money-laundering sentence concurrently with his other five-year
sentences.  It's possible that a judge could order his remaining
sentences run back to back and that he would still serve a 10-year
sentence, notes the report.

The same factors are true for Mr. Ayers, the court said, says AP.

"We're definitely pleased with the reversal on the money
laundering count," Brian Dickerson, Esq., Mr. Ayers' lawyer, said.
"We are going to wait to see if the government asks for an en banc
review -- a hearing by the full appellate court -- before
determining Mr. Ayers' next options," Mr. Dickerson added.

                      About National Century

Headquartered in Dublin, Ohio, National Century Financial
Enterprises, Inc. -- http://www.ncfe.com/-- was the largest
issuer of medical accounts receivable asset backed securities in
the United States before it collapsed in bankruptcy in November
2002 amid allegations of widespread fraud and misappropriation of
assets.  To date, 10 senior executives of the company have been
convicted or pled guilty to federal charges of conspiracy,
securities fraud, wire fraud, and money laundering arising out of
the NCFE securitization program.

NCFE -- through the CSFB Claims Trust, the Litigation Trust, the
VI/XII Collateral Trust, and the Unencumbered Assets Trust -- is
in the midst of liquidating estate assets. The Company filed for
Chapter 11 protection on November 18, 2002 (Bankr. S.D. Ohio Case
No. 02-65235).  The Court confirmed the Debtors' Fourth Amended
Plan of Liquidation on April 16, 2004.  Paul E. Harner, Esq., at
Jones Day, represented the Debtors.


NCL CORPORATION: S&P Gives Stable Outlook, Affirms 'B' Rating
-------------------------------------------------------------
Standard & Poor's Ratings Services revised its rating outlook for
Miami, Fla.-based NCL Corporation Ltd. to stable from negative.
S&P affirmed all ratings on the company, including the 'B'
corporate credit rating.

"The outlook revision to stable reflects S&P's expectation for a
net yield growth rate in 2010 of 6% to 7% and continued modest
growth in net yields thereafter," said Standard & Poor's credit
analyst Emile Courtney.  "S&P also expects the company to maintain
improved levels of profitability demonstrated in recent periods."

S&P believes NCL is likely to grow EBITDA over the next few years
to levels that generate sufficient free cash flow to nearly meet
sizable amortization payments of $217 million in 2011 and
$220 million in 2012.  Consequently, S&P no longer view the
company's liquidity profile as constrained by high amortization
payments, given almost $100 million in cash balances and
$407 million in availability under the company's revolving credit
facility at June 2010.

Still, the 'B' rating reflects NCL's elevated debt leverage over
the next two years due to high levels of debt-financed capital
spending.  NCL's fair business position as the third-largest
cruise company serving the North American market (behind Carnival
and Royal Caribbean), an increase in EBITDA margin over the past
18 months (during a period of significant economic challenges in
the cruise industry and in the leisure space broadly), and the
expectation that the addition of the company's newest ship,
Norwegian Epic, will add significant capacity and cash flow to NCL
in 2010 and 2011 only partially temper the aforementioned risks.


NEWPAGE CORP: George Martin Promoted to President and CEO
---------------------------------------------------------
NewPage Corporation disclosed the election of George F. Martin to
serve as president and chief executive officer and as a director
of NewPage Corporation, NewPage Holding Corporation and NewPage
Group Inc. effective August 2, 2010.  Mr. Martin previously served
as senior vice president, operations of NewPage et al.  Mr. Martin
was also appointed to the compliance committee of each registrant.

NewPage accepted the resignation of James R. Renna from the boards
of directors and compliance committee effective as of August 2.

The compensation committee of NewPage's board has approved a
compensation package for Mr. Martin, effective August 2, that
provides for (i) an annual base salary of $500,000 and a target
bonus of 100% of Mr. Martin's base salary under NewPage's
performance excellence plan and its profit sharing plan; (ii) an
additional long-term incentive plan performance award of
$1,000,000, which will be payable if NewPage achieves annual
performance goals established each year by the compensation
committee during the three years ending December 31, 2012; and
(iii) options to purchase an additional 400,000 shares of NewPage
Group Inc. common stock at an exercise price of $2.00 per share.

One-half of these options will vest in three equal increments at
the end of each of the three years ending December 31, 2012, if
Mr. Martin remains as an employee on each vesting date.  One-half
of these options will vest in three equal increments at the end of
each of the three years ending December 31, 2012, if Mr. Martin
remains as an employee on each vesting date and if NewPage
achieves as of each vesting date annual performance goals
established each year by the compensation committee.

"George has 27 years of proven leadership and operations
experience in the paper industry, as well as demonstrated success
in improving the overall cost structure and productivity for
NewPage. He possesses the knowledge and expertise critical to
profitably lead the company forward during very challenging times
for the paper industry," said Robert L. Nardelli, Chairman of the
Board of Directors of NewPage and its affiliates.  "Today's news
concludes a rigorous process in which the Board looked at numerous
and highly qualified internal and external candidates. The
decision to elect George into this position was unanimous, and
speaks to the Board's confidence in his ability to lead the
company."

Mr. Martin joined Westvaco as a chemist in the corporate research
department in Charleston, South Carolina, in 1983. From 1983 to
2005, he held various operating, technical and staff roles at
Westvaco and MeadWestvaco.  Key roles included technical director
of the Tyrone, Pennsylvania, coated paper mill, production manager
at the Luke, Maryland, paper mill, and mill manager at the
Escanaba, Michigan, mill.  In 2005, he was promoted to senior vice
president of operations for NewPage where he was responsible for
the manufacturing operations of 10 mills; strategic sourcing and
logistics; environmental, health and safety; order management; and
engineering and maintenance.

Mr. Martin holds a Bachelor of Arts degree in chemistry from
Franklin and Marshall College in Lancaster, Pennsylvania, and a
doctorate in organic chemistry from Duke University in Durham,
North Carolina.

"Following the recent leadership changes, George demonstrated his
commitment and dedication to NewPage as he stepped up to take a
lead role in running the business," added Mr. Nardelli. "His
tenure at the organization will lend stability and continuity for
the organization to achieve long term success."

                    2011 Debt Refinancing Seen

As reported by the Troubled Company Reporter on July 26, Dow Jones
Daily Bankruptcy Review said a refinancing and credit facility
amendment last fall bought NewPage Corp. some time to navigate the
weak economy, but many analysts believe the privately held paper
company may seek a debt exchange next year to manage hefty 2012
debt.

In September 2009, NewPage amended the senior secured credit
facilities to suspend the requirements to comply with certain
covenants and to increase its operating and financial flexibility.
The revolving credit facility also was amended to require the
maintenance of at least $50 million of borrowing availability
under the revolving credit facility through the date of the
delivery of the compliance certificate with respect to the fiscal
quarter ending March 31, 2011, and to limit its ability to make
capital expenditures.

On September 30, 2009, the term loan was repaid in full with
$1.598 billion of proceeds from the offering of $1.70 billion of
11.375% senior secured notes due 2014, Series A, and $5 million of
borrowings under its revolving credit facility.

In January 2010, NewPage amended its revolving credit facility to
permit the incurrence of additional first-lien debt, among others.
In February 2010, NewPage issued an additional $70 million in
aggregate principal amount of 11.375% senior secured notes due
2014 in a private placement that have substantially the same terms
as the existing $1.7 billion 11.375% first-lien senior secured
notes.

According to a regulatory filing on July 14, NewPage said
aggregate indebtedness as of March 31, 2010 totaled
$3.150 billion.  Newpage said it expects an increase in interest
expense over prior year periods because the Notes have a higher
interest rate than the term loan that was repaid.

According to the Company, beginning in 2012, NewPage's debt
service requirements will substantially increase as a result of
scheduled payments of its indebtedness.

"We anticipate that we will seek to refinance our indebtedness
prior to that time or retire portions of indebtedness with
issuances of equity securities, proceeds from the sale of assets
or cash generated from operations.  Our ability to operate our
business, service our debt requirements and reduce our total debt
will depend upon our future operating performance, which will be
affected by prevailing economic conditions and financial, business
and other factors, many of which are beyond our control, as well
as the availability of revolving credit borrowings and other
borrowings to refinance our existing indebtedness," the Company
said.

                        About NewPage Corp.

Headquartered in Miamisburg, Ohio, NewPage Corporation --
http://www.NewPageCorp.com/-- is a coated paper manufacturer in
North America, based on production capacity, with $3.1 billion in
net sales for the year ended December 31, 2009.  The company's
product portfolio is the broadest in North America and includes
coated freesheet, coated groundwood, supercalendered, newsprint
and specialty papers.  These papers are used for corporate
collateral, commercial printing, magazines, catalogs, books,
coupons, inserts, newspapers, packaging applications and direct
mail advertising.

NewPage owns paper mills in Kentucky, Maine, Maryland, Michigan,
Minnesota, Wisconsin and Nova Scotia, Canada.  These mills have a
total annual production capacity of approximately 4.4 million tons
of paper, including approximately 3.2 million tons of coated
paper, approximately 1.0 million tons of uncoated paper and
approximately 200,000 tons of specialty paper.

                           *     *     *

NewPage carries a 'CCC-' long term foreign issuer credit rating
and a 'CCC+' long term local issuer credit rating from Standard &
Poor's.  it has 'Caa1' long term corporate family and probability
of default ratings from Moody's.


NEXSTAR BROADCASTING: Posts $9 Mil. Net Loss for June 30 Quarter
----------------------------------------------------------------
Nexstar Broadcasting Group Inc. reported financial results for the
second quarter ended June 30, 2010.

The Company reported a net loss of $9.42 million on $74.54 million
of net revenue for the three months ended June 30, 2010, compared
with a net loss of $1.2 million on $62.15 million of net revenue
for the same period a year earlier.

Perry A. Sook, Chairman, President and Chief Executive Officer of
Nexstar Broadcasting Group, Inc., commented, "Nexstar achieved
record second quarter net revenue based on the strength of our
core television operations and growing contributions from our
newer revenue streams.  The record second quarter net revenue
reflects the broad-based advertising recovery, an acceleration of
the growth of national revenue, our success in garnering leading
shares of political billings in our markets and growth from our
other revenue sources.  Our 19.9% rise in second quarter net
revenue is impressive given that Nexstar significantly exceeded
the industry revenue performance in the year ago period, and with
the operating leverage in our business model we generated 52.7%
growth in second quarter BCF and a 61.7% increase in EBITDA, and a
118.2% rise in free cash flow.

"During the second quarter, core local and national revenue
increased 13.6% while television ad revenue inclusive of political
advertising rose 24.6%.  Automotive advertising remains robust and
increased 37% on a year-over-year basis.  Nexstar generated a 16%
overall rise in billings from its top ten advertising categories
as well as increases in 17 of our top 20 advertising categories.
With TV usage at record levels, Nexstar is benefiting from renewed
growth in national advertising as brand managers acknowledge that
television remains the most effective medium for reaching and
influencing consumers.

"Beyond the strong gains in our core television operations, second
quarter results highlight the further expansion of Nexstar's
'quadruple play' of revenue drivers which include traditional
media, subscription based revenue, mobile and e-MEDIA, and station
management agreements.  In aggregate, Nexstar's second quarter
retransmission fee, e-MEDIA and management fee revenue, rose 12.8%
to $11.1 million and these higher margin revenue streams accounted
for 14.9% of 2010 second quarter net revenue.

"Our focus on emerging from the advertising recession with a
highly diversified, highly efficient business model well
positioned to benefit from a strengthening economy resulted in
strong year-over-year cash flow and margin growth.  Station direct
operating expenses, consisting primarily of news, engineering and
programming, and selling, general and administrative expenses were
$36.7 million in the three months ended June 30, 2010, compared to
$35.2 million for the same period in 2009, an increase of
$1.5 million, or 4.5%.  The increase was primarily attributable to
a $0.9 million rise in national and local sales commissions due to
an increase in local, national and political revenue as well as an
incremental $0.3 million in fees incurred in connection with our
Peoria and Rochester joint services agreement, as revenues and BCF
for those stations increased year-over-year.

"Excluding one-time charges and gains in the 2010 and 2009 second
quarters, 2010 second quarter operating income increased 255% to
$15.5 million.  In addition, second quarter BCF and adjusted
EBITDA margins improved substantially to 41.2% and 36.3%,
respectively.  Reflecting the significant year over year operating
income growth and a reduction of capital expenditures, 2010 second
quarter free cash flow rose to $10.9 million from $5.0 million in
the comparable year earlier period.

"Nexstar continues to address its balance sheet and during the
second quarter, the Company repurchased $2.0 million of its
outstanding 7% Senior Subordinated Payment in Kind notes due 2014
and $2.0 million of its outstanding 13% Senior Subordinated PIK
notes due 2014 at a discount in the open market.  This follows the
open market repurchase of $1.0 million of the 13% PIK notes in the
first quarter and the repurchase through a cash tender offer and
consent solicitation of approximately $34.3 million of these notes
with a portion of the proceeds from the April 2010 offering of
$325.0 million of 8.875% Senior Secured Second Lien notes.  In
conjunction with the notes offering, we executed senior secured
credit facility amendments and applied the remaining net proceeds,
together with borrowings and cash on hand, to refinance the
existing senior secured credit facilities and for general
corporate purposes.  Through June 30, Nexstar has reduced total
debt by approximately $16 million.

"The advertising recovery shows no signs of abating and the second
half of 2010 presents Nexstar with prospects for continued growth
from all of our revenue sources, including significant political
advertising revenue contributions.  The expected revenue increases
combined with operating and cost efficiencies and limited 2010
cap-ex commitments positions Nexstar to generate record free cash
flow in 2010 which will be applied to further reduce debt and
focus on new value creation initiatives."

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6810

                  About Nexstar Broadcasting Group

Irving, Texas-based Nexstar Broadcasting Group Inc. currently
owns, operates, programs or provides sales and other services to
62 television stations in 34 markets in the states of Illinois,
Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania,
Louisiana, Arkansas, Alabama, New York, Rhode Island, Utah and
Florida. N exstar's television station group includes affiliates
of NBC, CBS, ABC, FOX, MyNetworkTV and The CW and reaches
approximately 13 million viewers or approximately 11.5% of all
U.S. television households.

At March 31, 2010, the Company had total assets of $603,022,000,
total liabilities of $782,673,000, and stockholders' deficit of
$179,651,000.

                           *     *     *

According to the Troubled Company Reporter on April 8, 2010,
Standard & Poor's Ratings Services affirmed its ratings on Nexstar
Broadcasting Group Inc., including the 'B-' corporate credit
rating.  The rating outlook is "positive".


NIELSEN CO: Bank Debt Trades at 3% Off in Secondary Market
----------------------------------------------------------
Participations in a syndicated loan under which The Nielsen
Company B.V. is a borrower traded in the secondary market at 96.96
cents-on-the-dollar during the week ended Friday, Aug. 6, 2010,
representing an increase of 0.76 percentage points from the
previous week according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  The Company pays 375 basis
points above LIBOR to borrow under the facility.  The bank loan
matures on May 1, 2016, and carries Moody's Ba3 rating and
Standard & Poor's B+ rating.  The loan is one of the biggest
gainers and losers among 199 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

Active in approximately 100 countries, with headquarters in
Haarlem, The Netherlands and New York, USA, The Nielsen Company
B.V. is a global information and media company.

Nielsen Company carries a 'B2' long term corporate family rating
from Moody's, 'B' issuer credit rating from standard & Poor's, and
'B' issuer default rating from Fitch.


NORTH AMERICAN PETROLEUM: Files Schedules of Assets & Liabilities
-----------------------------------------------------------------
North American Petroleum Corp. USA, filed with the U.S. Bankruptcy
Court its schedules of assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property          $140,678,983
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                              $111,584,368
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $14,010,815
                                 -----------      -----------
        TOTAL                   $140,678,983     $125,595,183

A debtor-affiliate, Prize Petroleum, LLC, scheduled total
liabilities of $121,945,092.

            About North American Petroleum Corp. USA

Denver, Colorado-based North American Petroleum Corp. USA is a
natural gas driller.  North American Petroleum and Prize Petroleum
are subsidiaries of Petroflow Energy Corporation.

North American Petroleum filed for Chapter 11 bankruptcy
protection on May 25, 2010 (Bankr. D. Del. Case No. 10-11707).
Attorneys at Kirkland & Ellis LLP serve as bankruptcy counsel.
Domenic E. Pacitti, Esq., at Klehr Harrison Harvey Branzburg LLP,
is the Debtor's Delaware counsel.  Kinetic Advisors LLC is the
Company's  restructuring advisor.  Epiq Bankruptcy Solutions, LLC,
is the Debtor's notice, claims and balloting agent.  The Debtor
estimated its assets and debts at $100 million to $500 million as
of the Petition Date.

The Debtor's affiliate, Prize Petroleum LLC, filed a separate
Chapter 11 petition on May 25, 2010 (Case No. 10-11708).


NPS PHARMACEUTICALS: Posts $6.3 Million Net Loss for June 30 Qtr
----------------------------------------------------------------
NPS Pharmaceuticals reported a net loss of $6.3 million or $0.11
per diluted share for the second quarter 2010, compared to net
income of $2.6 million or $0.05 per diluted share for the second
quarter 2009.

The change in the Company's quarterly results was driven by an
increase in research and development expense in the second quarter
2010 due to the advancement of two Phase 3 registration programs.
The company's cash, cash equivalents and marketable investment
securities totaled $133.2 million at June 30, 2010, versus
$74.9 million at December 31, 2009.

"This year continues to be marked by solid execution as we deliver
key milestones within our stated timelines," said Francois Nader,
MD, president and chief executive officer of NPS Pharmaceuticals
stated.  "We recently achieved a major development milestone with
the completion of patient randomization in our Phase 3 STEPS study
of GATTEX in short bowel syndrome and we remain on track to report
top line results early next year.  We are also advancing our Phase
3 REPLACE study of NPSP558 in hypoparathyroidism and we expect to
reach our enrollment objective later this year.  Both short bowel
syndrome and hypoparathyroidism are areas of significant unmet
medical need and we look forward to the potential launches of both
products."

                      Product Pipeline Update

In July 2010, NPS reported the completion of patient randomization
in its Phase 3 registration study of GATTEX.  The double-blind,
placebo-controlled safety and efficacy study, which is known as
STEPS, is being conducted in patients with short bowel syndrome
who are chronically dependent on parenteral nutrition.  The
company expects to report top line results from STEPS in early
2011.  NPS is also advancing STEPS 2, an open-label continuation
study in which all participants will receive up to 24 months of
GATTEX therapy.  Based on a collaboration agreement, Nycomed
provides 50% of the external clinical costs for these two studies.

The company continues to expect to complete patient enrollment for
REPLACE in 2010.  REPLACE is an international, double-blind,
placebo-controlled Phase 3 registration study evaluating NPSP558
for the treatment of hypoparathyroidism in adults.

                        Cash and investments

At June 30, 2010, the company's cash, cash equivalents, and
marketable investment securities totaled $133.2 million compared
to $74.9 million at December 31, 2009.  During the first half of
2010, the company sold certain of its royalty rights from sales of
REGPARA for $38.4 million and completed a public offering of
10.3 million shares of common stock for net proceeds of
approximately $53.2 million after deducting underwriting discounts
and offering expenses.

The company's net cash burn was $33.3 million for the first half
of 2010.  NPS continues to expect its 2010 cash burn to be in the
range of $75 to $90 million.  The company's cash burn is defined
as the net change in cash, cash equivalents, and marketable
investment securities, excluding proceeds from external financing
activities.

Cash burn is a non-GAAP financial measure that may be considered
in addition to results prepared in accordance with U.S. generally
accepted accounting principles.  This non-GAAP measure should not
be considered a substitute for, or superior to, GAAP results.  NPS
believes that cash burn is relevant and useful information for'
the company and its investors as it provides a meaningful way of
determining cash available for and net cash used in operations of
the company.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?680d

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?680e

                     About NPS Pharmaceuticals

Based in Bedminster, New Jersey, NPS Pharmaceuticals Inc. (Nasdaq:
NPSP) -- http://www.npsp.com/-- is developing new treatment
options for patients with rare gastrointestinal and endocrine
disorders.

NPS noted in its Form 10-K for the year ended Dec. 31, 2009, it
has not been profitable since our inception in 1986.  As of
December 31, 2009, it had an accumulated deficit of
$922.7 million.  "Currently, we are not a self-sustaining business
and certain economic, operational and strategic factors may
require us to secure additional funds."  The Company though
believes its existing capital resources at December 31, 2009,
along with the receipt of $38.4 million from the sale of its
REGPARA royalty stream, should be sufficient to fund its current
and planned operations through at least January 1, 2011.

The Company's balance sheet at June 30, 2010, showed
$193.77 million in total assets, $373.29 million in total
liabilities, and stockholders' deficit of $179.51 million.


OCEANIA CRUISES: S&P Affirms 'B', Revises Outlook to "Stable"
-------------------------------------------------------------
Standard & Poor's Ratings Services revised its rating outlook for
Oceania Cruises Inc. to stable from negative.  Ratings on the
company and related entities, including the 'B' corporate credit
rating, were affirmed.

"The outlook revision to stable reflects an increase in S&P's
expectation for yield growth at Oceania to 7% to 8% in 2011 and a
significant expected improvement in the company's 2011 EBITDA
margin to the low-to-mid 20% area from about 16% expected in
2010," said Standard & Poor's credit analyst Emile Courtney.

In addition, S&P now expects a higher than previously anticipated
incremental EBITDA contribution following the delivery of the
Marina, the company's newest addition to its fleet, based on
current booking trends.  As a result, S&P believes Oceania is
likely to grow EBITDA over the next few years to levels that will
enable the company to maintain an adequate cushion under its 7.0x
credit facility leverage covenant, which is measured starting in
the March 2011 quarter.

Still, the 'B' rating reflects Oceania's vulnerability within the
cruise sector because of its small fleet and niche market
strategy, minimal cash flow diversity with three ships (four
following the expected delivery of Marina in January 2011), high
debt leverage, the capital-intensive nature of the cruise
industry, and the travel industry's susceptibility to economic
cycles and global political events.  In addition, the rating
reflects S&P's need to become confident Oceania can continue to
generate bookings at sufficiently high levels to absorb the
significant additional capacity scheduled to come online over the
next few years from the delivery of two 1,256 passenger vessels.
As a partial offset, the company's vessels are of high quality,
S&P has a favorable view of the niche segment in which Oceania
operates, and the company has good visibility into future
bookings.

The corporate credit rating incorporates a view of a consolidated
enterprise, including both Oceania and Seven Seas Cruises S DE
R.L. (operator of the Regent cruise brand) as wholly owned
subsidiaries of Prestige Cruise Holdings Inc., a corporation
controlled by Apollo Management L.P.  Although management's
intention is to maintain Oceania and Regent as two independent
brands and they are financed separately, S&P believes that the
strategic relationship between the entities within the context of
Apollo's investment in the high-end cruise line niche warrants
S&P's taking a holistic view of the family of companies.  In
addition, Prestige guarantees the debt of Seven Seas and will
guarantee the debt that Oceania assumes to finance the delivery of
Marina, expected in January 2011, further aligning the credit
quality of Seven Seas with Oceania.

S&P believes that booking trends at Oceania, and at affiliate
company Seven Seas, have improved sufficiently to enable
consolidated credit measures at holding company parent Prestige
Cruise Holdings Inc. to remain appropriate for the 'B' rating over
the intermediate term.  Standard & Poor's economists expect U.S.
GDP to grow 3.1% in 2010 and 2.7% in 2011, and S&P anticipates
this will result in continued good consumer travel patterns during
2010 and 2011.


OHDB LLC: Case Summary & 6 Largest Unsecured Creditors
------------------------------------------------------
Debtor: OHDB LLC
        2651 Westwood Dr.
        Las Vegas, NV 89109

Bankruptcy Case No.: 10-24689

Chapter 11 Petition Date: August 3, 2010

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

Judge: Mike K. Nakagawa

Debtor's Counsel: Nancy L. Allf, Esq.
                  Law Office of Nancy L. Allf
                  415 S. Sixth Street, Suite 200F
                  Las Vegas, NV 89101
                  Tel: (702) 671-0070
                  Fax: (702) 671-0165
                  E-mail: Nancy.Allf@gmail.com

Scheduled Assets: $3,000,000

Scheduled Debts: $3,481,531

A list of the Company's six largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nvb10-24689.pdf

The petition was signed by Joseph LaMarca, manager of Two
Enterprises LLC.


OSI RESTAURANT: Bank Debt Trades at 13% Off in Secondary Market
---------------------------------------------------------------
Participations in a syndicated loan under which OSI Restaurant
Partners, Inc., is a borrower traded in the secondary market at
87.08 cents-on-the-dollar during the week ended Friday, Aug. 6,
2010, representing an increase of 0.92 percentage points from the
previous week according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  The Company pays 225 basis
points above LIBOR to borrow under the facility.  The bank loan
matures on May 9, 2014, and carries Moody's B3 rating and Standard
& Poor's B+ rating.  The loan is one of the biggest gainers and
losers among 199 widely quoted syndicated loans with five or more
bids in secondary trading for the week ended Friday.

OSI Restaurant Partners, Inc., is the #3 operator of casual-dining
spots (behind Darden Restaurants and Brinker International), with
more than 1,400 locations in the U.S. and 20 other countries.  Its
flagship Outback Steakhouse chain boasts more than 950 locations
that serve steak, chicken, and seafood in Australian-themed
surroundings.  OSI also operates the Carrabba's Italian Grill
chain, with about 240 locations.  Other concepts include Bonefish
Grill, Fleming's Prime Steakhouse, and Cheeseburger In Paradise.
Most of the restaurants are company owned.  A group led by
Chairman Chris Sullivan took the company private in 2007.


PAR-5 GOLF: Case Summary & 4 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: Par-5 Golf, Inc.
          aka Northcrest Golf Driving Range
        3545 Northcrest Road
        Atlanta, GA 30340

Bankruptcy Case No.: 10-82340

Chapter 11 Petition Date: August 2, 2010

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

Judge: C. Ray Mullins

Debtor's Counsel: Chris D. Phillips, Esq.
                  Lamberth, Cifelli, Stokes, Ellis & Nason
                  Suite 550, 3343 Peachtree Road, NE
                  Atlanta, GA 30326-1022
                  Tel: (404) 495-4475
                  Fax: (404) 262-9911
                  E-mail: cphillips@lcsenlaw.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 four largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/ganb10-82340.pdf

The petition was signed by Yongshik Choi, CEO.


PATRICK FARMS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Patrick Farms Partnership
        165 College Avenue
        Omega, GA 31775

Bankruptcy Case No.: 10-71203

Chapter 11 Petition Date: August 2, 2010

Court: United States Bankruptcy Court
       Middle District of Georgia (Valdosta)

Judge: John T. Laney III

Debtor's Counsel: Austin E. Carter, Esq.
                  Stone and Baxter, LLP
                  577 Mulberry Street, Suite 800
                  Macon, GA 31201
                  Tel: (478) 750-9898
                  E-mail: acarter@stoneandbaxter.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/gamb10-71203.pdf

The petition was signed by James Gibbs Patrick, III, partner.


PATRICK HACKETT: Creditors Committee Wants Plan Outline Rejected
----------------------------------------------------------------
Watertown Daily Times reports that the Official Committee of
Unsecured Creditors formed in Patrick Hackett Hardware Inc.'s
Chapter 11 cases is asking the bankruptcy court to deny approval,
of the disclosure statement explaining the Company's Chapter 11
plan.

The Creditors Committee, according to the report, is complaining
that the "fundamentally flawed" reorganization plan is "utterly
confusing" as to how unsecured creditors will be treated.  The
group notes that the Plan calls for secured creditors to be paid
in full, but that unsecured creditors will be paid "a paltry" 3%
over an indeterminate time period.

The Company, Waterdown Daily reports, said it plans to pay off its
debts from revenues and income generated by the continued
operation of its business.  It also will use $500,000 from its
non-debtor parent, WiseBuys Inc., $200,000 from Seaway Valley
Capital Corp., of which WiseBuys is a subsidiary, and $200,000
from the sale of property in Canton and Ogdensburg.

                      About Patrick Hackett

Patrick Hackett Hardware Company began in 1830 as a hardware store
in upstate New York.  Hacketts now operates full-service
department stores and a specialty store, selling a full line of
clothes, consumer electronics, cell phones, shoes, housewares,
hardware and others.

Patrick Hackett filed for Chapter 11 on November 10, 2009 (Bankr.
N.D. N.Y Case No. 09-63135).  The Debtor estimated less than
$10 million in total assets in its Chapter 11 petition.

Hackett's Stores, Inc., is the parent company of Patrick Hackett.
Hackett's Stores (Pink Sheets:HCKI) is a holding of Seaway Valley
Capital Corporation (Pink Sheets:SEVA).  Hackett's Stores is not
nor has ever been in bankruptcy or bankruptcy protection.


PAUL TRANSPORTATION: U.S. Trustee Forms 3-Member Creditors Panel
----------------------------------------------------------------
Richard A. Wieland, the U.S. Trustee for Region 20, appointed
three members to the official committee of unsecured creditors in
the Chapter 11 case of Paul Transportation, Inc.

The Creditors Committee members are:

   1. American Express Bank, FSB
      Attn: Sandra K. Curtin
      16 General Warren Boulevard
      P.O. Box 3001
      Malvern, PA 19355
      Tel: (610) 644-7800

   2. Doonan Peterbuilt
      Attn: Chuck Carper
      P.O. Box 1286
      Great Bend, KS 67530
      Tel: (620) 792-2491

   3. Miller Truck Lines, LLC
      Attn: Phillip C. Vinson
      P.O. Box 665
      Stroud, OK 74079-0665
      Tel: (918) 968-3584 ext. 238

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.

                     About Paul Transportation

Enid, Oklahoma-based Paul Transportation Inc. -- dba PTI;
Trucking; Paul Transportation; Paul Transportation Systems, Inc.;
and Paul's Transportation -- operates 125 company trucks and uses
an additional 51 owner/operators to provide flatbed transportation
services across the lower 48 states.

Paul Transportation filed for Chapter 11 bankruptcy protection on
May 18, 2010 (Bankr. W.D. Okla. Case No. 10-13022).  G. David
Bryant, Esq.; Matthew Clay Goodin, Esq.; and Stephen W. Elliott,
Esq., at Kline, Kline, Elliott & Bryant, assist the Debtor in its
restructuring effort.  In its schedules, the Debtor reported
$38,249,443 in total assets and $23,535,843 in total liabilities.


PENHALL INTERNATIONAL: S&P Cuts Rating to 'D' After Missed Payment
------------------------------------------------------------------
Standard & Poor's Ratings Services said that it has lowered its
corporate credit rating on Penhall International Corp. to 'D' from
'CCC-'.  S&P also lowered the issue-level rating on Penhall's 12%
second-lien notes to 'D' from 'CC' and kept the '5' recovery
rating unchanged.  S&P affirmed the 'C' issue-level rating on
Penhall's senior unsecured debt and kept the '6' recovery rating
unchanged.

"The downgrade reflects the company's decision to defer the
$10.5 million semi-annual interest payment due Aug. 1, 2010, on
its 12% senior secured notes due in 2014," said Standard & Poor's
credit analyst Sarah Wyeth.  "Under the indenture governing the
notes, Penhall has a 30-day grace period to make interest payments
before there is an event of default.  S&P does not have reason to
believe Penhall will make the payment within the grace period."


PHILLIP BITNER: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Joint Debtors: Phillip Tracey Bitner
                 fka Chaise Building Company
                     Defiant Custom Cycles
                 dba Awesome Roofing and Remodeling
               Michelle Lyn Bitner
               8708A Lyndon Lane
               Austin, TX 78729

Bankruptcy Case No.: 10-12157

Chapter 11 Petition Date: August 2, 2010

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

Judge: Craig A. Gargotta

Debtor's Counsel: Alexander B. Wathen, Esq.
                  Wathen & Associates
                  10333 Northwest Freeway, Suite 503
                  Houston, TX 77092
                  Tel: (281) 999-9025
                  Fax: (713) 758-0330
                  E-mail: wathenecf@gmail.com

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

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

A list of the Joint Debtors' 20 largest unsecured creditors filed
together with the petition is available for free at:

          http://bankrupt.com/misc/txwb10-12157.pdf


PLY GEM HOLDINGS: Delays IPO for $300 Million Common Shares
-----------------------------------------------------------
Ply Gem Holdings, Inc., filed with the Securities and Exchange
Commission an Amendment No. 2 to Form S-1 REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933 PLY GEM HOLDINGS, INC., to delay
an initial public offering of $300,000,000 shares of common stock.

Ply Gem has not indicated when the IPO will be carried out.

J.P. Morgan Securities Inc., Goldman, Sachs & Co., Credit Suisse
Securities (USA) LLC and UBS Securities LLC are acting as joint
book-running managers and representatives of the underwriters, and
Deutsche Bank Securities Inc. is acting as joint lead manager.

The underwriters are:

     * J.P. Morgan Securities Inc.;
     * Goldman, Sachs & Co.;
     * Credit Suisse Securities (USA) LLC;
     * UBS Securities LLC;
     * Deutsche Bank Securities Inc.;
     * Zelman Partners LLC;
     * BB&T Capital Markets, a division of Scott &
       Stringfellow, LLC;
     * Stephens Inc.;
     * Houlihan Lokey Capital, Inc.; and
     * Knight Capital Markets LLC

A full-text copy of Amendment No. 1 is available at no charge
at http://ResearchArchives.com/t/s?6814

                           About Ply Gem

Based in Cary, North Carolina, Ply Gem Holdings Inc. is a
diversified manufacturer of residential and commercial building
products, which are sold primarily in the United States and
Canada, and include a wide variety of products for the residential
and commercial construction, the do-it-yourself and the
professional remodeling and renovation markets.

In May 2010, Standard & Poor's Ratings Services raised its
(unsolicited) corporate credit rating on Ply Gem to 'B-' from
'CCC+'.  "The ratings upgrade reflects our expectation that the
company's credit measures are likely to improve modestly over the
next several quarters to levels that we would consider more in
line with the 'B-' corporate credit rating," said Standard &
Poor's credit analyst Tobias Crabtree.

In January 2010, Moody's Investors Service upgraded Ply Gem's
Corporate Family Rating to Caa1 from Caa2 and its Probability of
Default Rating to Caa1 from Caa2 and affirmed the senior secured
notes due 2013 at Caa1.  The upgrade of Ply Gem's corporate family
rating resulted from the recent announcement that CI Capital
Partners LLC, Ply Gem's indirect principal shareholder, through a
series of transactions is transferring $257.3 million of 9.0%
senior subordinated notes due 2012 that it owns to Ply Gem for no
consideration as a capital contribution.  Moody's also noted Ply
Gem is also refinancing the balance of the 9.0% senior
subordinated notes due 2012 with new senior subordinated notes due
2014.


PLY GEM HOLDINGS: July 3 Balance Sheet Upside-Down by $148.4MM
--------------------------------------------------------------
Ply Gem Holdings, Inc., reported total assets of $1,010,221,000
against total current liabilities of $159,363,000, deferred income
taxes of $2,936,000, other long term liabilities of $63,861,000,
long-term debt of $932,560,000, and stockholder's deficit of
$148,499,000 at July 3, 2010.

Ply Gem reported a net loss of $409,000 for the three months ended
July 3, 2010, from a net loss of $7,979,000 for the three months
ended July 4, 2010.  Ply Gem recorded net income of $53,693,000
for the first six months of 2010, ended July 3, from a net loss of
$63,517,000 for the six months ended July 4.

Net sales were $301,660,000 for the 2010 second quarter from
$260,576,000 for the 2009 second quarter.  Net sales were
$505,865,000 for the 2010 first half from $443,327,000 for the
2009 first half.

Gary E. Robinette, President and CEO, said "I am pleased with Ply
Gem's second quarter and first half 2010 sales and Adjusted EBITDA
results as they demonstrate significant improvement over the same
periods in 2009 and reflect our continued trend of positive year
over year earnings performance.  However, the housing market in
the first half of 2010 was stimulated by the federal home buyer
tax credit program which expired on April 30, 2010.  Not
surprisingly, there have been signs of weakness in the later part
of the second quarter as the tax credit program expired and the
exact health of the U.S. housing market is a concern for the
second half of 2010.  As such, Ply Gem will continue its focus on
maintaining a lean overall cost structure while maximizing cash
flow and striving to outperform the marketplace in all business
units, which will ensure that Ply Gem emerges stronger as the
housing market recovers."

A full-text copy of the Company's Form 10-Q report is available at
no charge at http://ResearchArchives.com/t/s?6812

A full-text copy of the Company's earnings release is available at
no charge at http://ResearchArchives.com/t/s?6813

                           About Ply Gem

Based in Cary, North Carolina, Ply Gem Holdings Inc. is a
diversified manufacturer of residential and commercial building
products, which are sold primarily in the United States and
Canada, and include a wide variety of products for the residential
and commercial construction, the do-it-yourself and the
professional remodeling and renovation markets.

In May 2010, Standard & Poor's Ratings Services raised its
(unsolicited) corporate credit rating on Ply Gem to 'B-' from
'CCC+'.  "The ratings upgrade reflects our expectation that the
company's credit measures are likely to improve modestly over the
next several quarters to levels that we would consider more in
line with the 'B-' corporate credit rating," said Standard &
Poor's credit analyst Tobias Crabtree.

In January 2010, Moody's Investors Service upgraded Ply Gem's
Corporate Family Rating to Caa1 from Caa2 and its Probability of
Default Rating to Caa1 from Caa2 and affirmed the senior secured
notes due 2013 at Caa1.  The upgrade of Ply Gem's corporate family
rating resulted from the recent announcement that CI Capital
Partners LLC, Ply Gem's indirect principal shareholder, through a
series of transactions is transferring $257.3 million of 9.0%
senior subordinated notes due 2012 that it owns to Ply Gem for no
consideration as a capital contribution.  Moody's also noted Ply
Gem is also refinancing the balance of the 9.0% senior
subordinated notes due 2012 with new senior subordinated notes due
2014.


PRIME MORTGAGE: Country Club Must Refund Part of Membership Fee
---------------------------------------------------------------
WestLaw reports that the right to the refundable portion of the
membership deposit for a corporate country club membership was the
property of a Chapter 7 debtor prior to and as of the date on
which the debtor's petition was filed.  Thus, the trustee, rather
than the debtor's affiliate in the name of which the membership
itself was held, was entitled to the refund.  Although the
affiliate was the country club's corporate member, the debtor
assumed all financial obligations associated with the membership,
including the payment of the membership deposit and annual dues.
Moreover, the debtor did not pay such obligations as a loan or
gift to the affiliate, but instead considered itself exclusively
obligated to pay the monetary obligations associated with the
membership and considered itself the owner of the refund rights
with respect to the membership deposit that it paid.  The
Massachusetts bankruptcy court found it necessary to consider
extrinsic evidence, the "Membership Agreement [ ] being as
pellucid as a sandtrap and there being no other writing between
the Debtor and [the affiliate] addressing the ownership of the
membership deposit refund. . . ."  In re Prime Mortg. Financial,
Inc., --- B.R. ----, 2010 WL 2774703 (Bankr. D. Mass.).

Southbro, Mass.-based Prime Mortgage Financial Inc. --
http://www.primefinancialdirect.com/-- was a large local
mortgage company and with at least $1.5 billion of originated
loans in 2003.  In 2006, the company originated 436 loans valued
at $104 million and brokered 98 loans totalling $21 million.
Prime Mortgage filed a chapter 7 petition (Bankr. D. Mass. Case
No. 08-40238) on Jan. 29, 2008, disclosing $888,786 in assets
and $1,124,791 owed to at least 100 creditors, mostly appraisal
firms.  David M. Nickless serves as the Chapter 7 trustee and is
represented by his law firm, Nickless, Phillips and O'Connor,
PC, in Fitchburg, Mass.


QUALITY SIGN: Incurred Tax Debt Cues Bankruptcy Filing
------------------------------------------------------
According to al.com, Quality Sign Co. filed for bankruptcy under
Chapter 11 due to incurred tax debt.  The Company scheduled assets
of $295,000 and $100,000 in debts, including $29,311 owed to
Chase, a credit card lender.  The Company's revenue fell 50% from
2008 to 2009, and was running below 2009 levels in 2010.  Quality
Sign operates a sign company in Alabama.


QWEST COMMS: Posts $158 Million Net Income for 2nd Quarter 2010
---------------------------------------------------------------
Qwest Communications reported financial results for the second
quarter 2010.  In the quarter, the Company reported expanded
margins, improved year-over-year revenue trends across all
segments and strong cash flows.

In the second quarter, net income was $158 million.  Earnings per
share were 9 cents compared to 12 cents in the second quarter
2009.  The current quarter's earnings per share results include a
2 cent charge for severance, realignment and merger-related
expenses, which was offset by a 1 cent gain related to the
accounting treatment of the company's convertible debt.  Results
in the prior-year period include net one-time benefits from
special items of 4 cents per share.

Second quarter consolidated net operating revenues declined 5%
compared to the second quarter 2009 and declined 1% sequentially.
After normalizing for the effects of the Company's transition to a
new wireless business model, second quarter consolidated net
operating revenue declined 4 percent year over year.  In the first
quarter 2010, reported net operating revenues declined at an
annual rate of 7% and excluding wireless, revenues declined 5%
year over year.

"We delivered strong financial performance under challenging
market conditions during the second quarter," said Edward A.
Mueller, Qwest chairman and CEO.  "Our results reflect improving
revenue trends, increased margins and added financial strength. We
continue to maintain a disciplined focus on execution while
perfecting the customer experience.  Additionally, we are very
pleased with the progress of our planned merger with CenturyLink.
The integration planning is well under way, and we are achieving
key approval milestones."

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6800

                           About Qwest

Based in Denver, Colorado, Qwest Communications (NYSE: Q) --
http://www.qwest.com/-- offers residential customers a new
generation of fiber-optic Internet service, high-speed Internet
solutions, as well as digital home phone, wireless service
available through Verizon Wireless and DIRECTV services.  Qwest is
also the choice of 95 percent of Fortune 500 companies, offering a
full suite of network, data and voice services for small
businesses, large businesses, government agencies and wholesale
customers.  Additionally, Qwest participates in Networx, the
largest communications services contract in the world, and is
recognized as a leader in the network services market by leading
technology industry analyst firms.

Qwest carries a 'Ba2' corporate family and probability of default
ratings from Moody's and has 'BB' issuer credit ratings from
Standard & Poor's.

The Company's balance sheet at June 30, 2010, showed
$18.95 billion in total assets, $20.20 billion in total
liabilities, and stockholders' deficit of $1.24 billion.

"Our high debt levels pose risks to our viability and may make us
more vulnerable to adverse economic and competitive conditions, as
well as other adverse developments," the Company said in its Form
10-K for the year ended Dec. 31, 2009.  At Dec. 31, the Company's
consolidated debt was approximately $14.2 billion.  Approximately
$5.8 billion of its debt obligations come due over the next three
years.  This amount includes $1.265 billion of our 3.50%
Convertible Senior Notes due 2025, which it may elect to redeem at
any time on or after November 20, 2010 and holders may require the
Company to repurchase for cash on November 15, 2010.


RALPH JACKSON: Case Summary & 16 Largest Unsecured Creditors
------------------------------------------------------------
Joint Debtors: Ralph Abraham Jackson
               Edith Annette Brodie
               aka Edith Brodie Jackson
               P.O. Box 1300
               Duluth, GA 30096

Bankruptcy Case No.: 10-82434

Chapter 11 Petition Date: August 2, 2010

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

Judge: Mary Grace Diehl

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

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

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

A list of the Joint Debtors' 16 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/ganb10-82434.pdf


RANCHO TORREY: Case Summary & 18 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Rancho Torrey Development, LLC
        3638 North Rancho Drive
        Las Vegas, NV 89130

Bankruptcy Case No.: 10-24730

Chapter 11 Petition Date: August 3, 2010

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

Judge: Bruce A. Markell

Debtor's Counsel: Steven B. Scow, Esq.
                  11500 S. Eastern Ave., Suite 210
                  Henderson, NV 89052
                  Tel: (702) 318-5040
                  Fax: (702) 318-5039
                  E-mail: sscow@kochscow.com

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

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

A list of the Company's 18 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nvb10-24730.pdf

The petition was signed by Donald J. Davis, president of J.D.
Management and Investment, Inc., Debtor's manager corporation.


RAVENSWOOD BANK: Closed; Northbrook Bank Assumes Deposits
---------------------------------------------------------
Ravenswood Bank of Chicago, Il., was closed on Friday, Aug. 6,
2010, by the Illinois Department of Financial and Professional
Regulation - Division of Banking, which appointed the Federal
Deposit Insurance Corporation as receiver.  To protect the
depositors, the FDIC entered into a purchase and assumption
agreement with Northbrook Bank and Trust Company of Northbrook,
Il., to assume all of the deposits of Ravenswood Bank.

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

As of June 30, 2010, Ravenswood Bank had around $264.6 million in
total assets and $269.5 million in total deposits.  Northbrook
Bank and Trust Company will pay the FDIC a premium of 0.90 percent
on the non-brokered deposits of Ravenswood Bank.  In addition to
assuming the non-brokered deposits of the failed bank, Northbrook
Bank and Trust Company agreed to purchase essentially all of the
assets.

The FDIC and Northbrook Bank and Trust Company entered into a
loss-share transaction on $161.3 million of Ravenswood Bank's
assets.  Northbrook Bank and Trust Company will share in the
losses on the asset pools covered under the loss-share agreement.
The loss-share transaction is projected to maximize returns on the
assets covered by keeping them in the private sector.  The
transaction also is expected to minimize disruptions for loan
customers.  For more information on loss share, visit:

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

Customers who have questions about the transaction can call the
FDIC toll-free at 1-800-430-7974.  Interested parties also can
visit the FDIC's Web site at:

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

The FDIC estimates that the cost to the Deposit Insurance Fund
will be $68.1 million.  Compared to other alternatives, Northbrook
Bank and Trust Company's acquisition was the least costly
resolution for the FDIC's DIF.  Ravenswood Bank is the 109th FDIC-
insured institution to fail in the nation this year, and the
thirteenth in Illinois.  The last FDIC-insured institution closed
in the state was Arcola Homestead Savings Bank, Arcola, on June 4,
2010.


RCC SOUTH: Files List of Nine Largest Unsecured Creditors
---------------------------------------------------------
RCC South, LLC, has filed with the U.S. Bankruptcy Court for the
District of Arizona a list of its nine largest unsecured
creditors, disclosing:

   Entity                                            Claim Amount
   ------                                            ------------
APS
P.O. Box 2906
Phoenix, AZ 85072-3290                                   $65,413

City of Scottsdale TPT
P.O. Box 1949
Scottsdale, AZ 85252-1949                                 $7,528

Universal Protection Service
1551 N. Tustin Avenue
Suite 650
Santa Ana, CA 92705                                       $4,332

All Lighting Products, Inc.                                  $97

Arizona Department of Revenue                             $2,281

Caretakers Building Maintenance                           $2,159

Climatec Building Technologies                            $1,749

Raintree Owner's Association                              $1,345

Sunstate Sweeping                                           $380

Scottsdale, Arizona-based RCC South, LLC, filed for Chapter 11
bankruptcy protection on July 27, 2010 (Bankr. D. Ariz. Case No.
10-23475).  John J. Hebert, Esq., at Polsenelli Shughart, P.C.,
assists the Debtor in its restructuring effort.  The Debtor
estimated its assets and debts at $50 million to $100 million as
of the Petition Date.


RCC SOUTH: Section 341(a) Meeting Scheduled for Aug. 31
-------------------------------------------------------
The U.S. Trustee for Region 14 will convene a meeting of RCC
South, LLC's creditors on August 31, 2010, at 10:00 a.m.  The
meeting will be held at US Trustee Meeting Room, 230 N. First
Avenue, Suite 102, Phoenix, AZ (341-PHX).

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.

Scottsdale, Arizona-based RCC South, LLC, filed for Chapter 11
bankruptcy protection on July 27, 2010 (Bankr. D. Ariz. Case No.
10-23475).  John J. Hebert, Esq., at Polsenelli Shughart, P.C.,
assists the Debtor in its restructuring effort.  The Debtor
estimated its assets and debts at $50 million to $100 million as
of the Petition Date.


RCC SOUTH: Taps Polsinelli Shughart as Bankruptcy Counsel
---------------------------------------------------------
RCC South, LLC, asks for authorization from the U.S. Bankruptcy
Court for the District of Arizona to employ Polsinelli Shughart PC
as bankruptcy counsel.

PS will:

     a. prepare pleadings and applications and conduct
        examinations incidental to the administration of the
        bankruptcy case and estate;

     b. advise the Debtor of its rights, duties, obligations under
        Chapter 11 of the U.S. Bankruptcy Code;

     c. take any and all other necessary action incident to the
        proper preservation and administration of the Chapter 11
        estate; and

     e. advise the Debtor in the formulation and presentation of a
        plan pursuant to Chapter 11 of the Bankruptcy Code, and
        the accompanying disclosure statement.

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

        Partners               $275-$600
        Associates             $220-$250
        Paralegals             $135-$145

John J. Hebert, a shareholder at PS, assures the Court that
Maschmeyer Karalis is "disinterested" as that term is defined in
Section 101(14) of the Bankruptcy Code.

Scottsdale, Arizona-based RCC South, LLC, filed for Chapter 11
bankruptcy protection on July 27, 2010 (Bankr. D. Ariz. Case No.
10-23475).  The Debtor estimated its assets and debts at
$50 million to $100 million as of the Petition Date.


RCC SOUTH: Wants to Use Cash Collateral; iStar Objects
------------------------------------------------------
RCC South, LLC, seeks authority from the U.S. Bankruptcy Court for
the District of Arizona to use cash collateral.

iStar FM Loans, LLC, has asserted a claim against the Debtor,
allegedly secured by the Debtor's two Class "A" office buildings
and the related corporate campuses known as Phase III and Phase IV
of the Raintree Corporate Center in Scottsdale, Arizona, in the
amount of $76,708,398.

Wesley D. Ray, Esq., at Polsinelli Shughart PC, explains that to
continue operating and maintaining the property during the
pendency of the Chapter 11 case for the benefit of creditors and
parties-in-interest, it is necessary for the Debtor to use its
cash and the rental and other income from the Property to pay for
the ordinary and necessary operating and reorganization expenses
of the Property and the Debtor.

The Debtor proposes to use the income to pay the expenses in
accordance with a 90-day budget, a copy of which is available for
free at http://bankrupt.com/misc/RCC_SOUTH_budget.pdf

To the extent that the Property generates income in excess of the
expenses, the Debtor will hold and sequester the excess income,
subject to whatever rights iStar has in the income pursuant to its
liens.

According to the Debtor, iStar is protected from any risk by the
use of the income to pay the expenses.  The use of the income to
operate and maintain the Property will protect iStar's interest in
the Property and will protect against a decrease in the value of
the Property.  The Debtor assures the Court that iStar is
adequately protected.

iStar doesn't consent to the Debtor's use of its cash collateral.
iStar wants the Debtor to immediately segregate, sequester, and
deposit the cash collateral in a separate and non-commingled
interest-bearing account pending further proceedings before the
Court.  iStar also wants the Debtor to immediately provide an
accounting of the cash collateral.  iStar is represented by
Quarles & Brady LLP.

Scottsdale, Arizona-based RCC South, LLC, filed for Chapter 11
bankruptcy protection on July 27, 2010 (Bankr. D. Ariz. Case No.
10-23475).  John J. Hebert, Esq., at Polsenelli Shughart, P.C.,
assists the Debtor in its restructuring effort.  The Debtor
estimated assets and debts at $50 million to $100 million in its
Chapter 11 petition.


REDCO DEVELOPMENT: Case Summary & 10 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Redco Development Co., LLC
        235 S. Oakdale
        Medford, OR 97501

Bankruptcy Case No.: 10-64783

Chapter 11 Petition Date: August 3, 2010

Court: U.S. Bankruptcy Court
       District of Oregon

Debtor's Counsel: James Ray Streinz, Esq.
                  1100 SW 6th Avenue, #1600
                  Portland, OR 97204
                  Tel: (503) 226-7321
                  E-mail: rays@mcewengisvold.com

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

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

The petition was signed by Russell Dale.

Debtor's List of 10 Largest Unsecured Creditors:

        Entity                     Nature of Claim    Claim Amount
        ------                     ---------------    ------------
South Valley Bank & Trust          Guaranty             $3,024,103
891 O'Hare Parkway
Medford, OR 97504

US Bank                            Guaranty               $395,593
131 E. Main
Medford, OR 97504

Ron Munroe Backhoe Service         Construction work       $95,563
4624 Winneetka Road
White City, OR 97503

Grant Alexander                    Lawsuit                 $40,000

Brophy Schmor Gerking              Legal Services           $8,509
Brophy Paradis

C&D Cleaning                       Cleaning Services        $1,100


Avista Utilities                   Utility Service            $855

Shirley Delsman Botts CPA          Accounting Services        $775

Oregon Secretary of State          Annual Report               $50

Alladin Lock & Safe                Locksmith                   $12
Failed Banks from Aug. 6, 2010.


REHABCARE GROUP: Bank Debt Trades at 13% Off in Secondary Market
----------------------------------------------------------------
Participations in a syndicated loan under which RehabCare Group,
Inc., is a borrower traded in the secondary market at 87.08 cents-
on-the-dollar during the week ended Friday, Aug. 6, 2010,
representing a drop of 0.62 percentage points from the previous
week according to data compiled by Loan Pricing Corp. and reported
in The Wall Street Journal.  The Company pays 225 basis points
above LIBOR to borrow under the facility, which matures on May 19,
2014.  The bank debt is not rated by Moody's and Standard &
Poor's.  The debt is one of the biggest gainers and losers among
199 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday.

RehabCare provides rehabilitation program management services in
hospitals, skilled nursing facilities, outpatient facilities and
other long-term care facilities located in 43 states.  In
partnership with healthcare providers, the company provides post-
acute program management, medical direction, physical therapy
rehabilitation, quality assurance, compliance review, specialty
programs and census development services.  The company also owns
and operates seven LTACHs and six rehabilitation hospitals, and
provides other healthcare services, including healthcare
management consulting services and staffing services for
therapists and nurses.  For the twelve months ended Sept. 30,
2009, the company recognized revenues of approximately
$807 million.

RehabCare carries a 'Ba3' corporate family rating and 'B1'
probability of default rating from Moody's Investors Service.  It
has a 'BB-' corporate credit rating from Standard & Poor's.


RHI ENTERTAINMENT: Warns of Bankruptcy; Lender Talks Ongoing
------------------------------------------------------------
RHI Entertainment, Inc., on Thursday warned it may file for
Chapter 11 bankruptcy protection.

In a Form 10-Q filing with the Securities and Exchange Commission,
RHI Entertainment said, as a result of the significant weakening
of the Company's financial position, results of operations and
liquidity, it is currently in default of certain covenants of its
senior secured credit facilities and is in discussions with its
lenders regarding a restructuring of those facilities.

However, management can provide no assurance that it will be able
to successfully restructure the Company's debt obligations.
Whether or not the Company is able to restructure its debt
obligations or come to a consensual agreement with its creditors,
the Company will likely be required to seek protection under
Chapter 11 of the U.S. Bankruptcy Code and any such filing would
result in RHI Inc.'s current equityholders receiving little or no
continuing interest in the assets and operations of the Company.

RHI Entertainment said market conditions confronting the media and
entertainment industry have continued to be a challenge for the
Company.  The business environment deteriorated substantially
beginning in the fourth quarter of 2008 and remained challenging
throughout all of 2009.  Specifically, total revenue in 2009
declined significantly as compared to prior years.  This was
primarily due to 2009 fourth quarter sales activity falling
dramatically short of our expectations, resulting in significantly
lower fourth quarter revenue compared to the prior year.

While current market conditions have begun to strengthen in 2010,
they remain weaker than market conditions prior to the fourth
quarter of 2008.

                       Lender Talks Ongoing

According to RHI, for films produced within the last fiscal year,
the Company's production partners have financed a substantial
portion of the cost through the use of their own new or existing
credit facilities. In connection with these financings, the
Company has consented to its production partners pledging as
collateral the associated distribution contracts they have with
the Company.  To address liquidity constraints, the Company has
entered into settlement agreements and continues to renegotiate
several of its distribution contracts with its production partners
or their financing sources to defer or restructure certain
payments under those contracts which have already come due or will
come due in the near term.  In some cases, such settlements and
restructuring involves giving up the Company's distribution rights
for these films in certain territories.

The Company is currently involved in negotiations that would
result in it giving up distribution rights to fifteen completed
titles having a combined book value of $38.9 million in Film
Production Costs, $3.0 million of Accounts Receivable, $47.3
million of Accrued Film Production Costs and $2.5 million of
Deferred Revenue recorded as of June 30, 2010.

If the Company is unsuccessful in renegotiating these contracts,
the Company will either have to pay amounts the Company owes,
which would exacerbate the Company's liquidity concerns or default
on its obligations under those agreements, which could result in
the termination of the Company's licensing rights to these films
and adversely affect the future working relationship with certain
production partners.

               Rothschild, Conway Del Genio on Board

The Company's board of directors engaged Rothschild, Inc. as a
financial advisor in the fourth quarter of 2009 to assist in
negotiating and implementing a restructuring transaction, and the
Company is in the midst of in-depth discussions with its lenders
and other creditors with respect to restructuring its indebtedness
and capital structure.  Management expects these discussions to
likely result in a significant or complete dilution of the
Company's existing equityholders' interest through an issuance of
preferred stock or common stock of RHI Entertainment, LLC (or its
successor) to some or all of its lenders and/or creditors.

The Company has also engaged Robert Del Genio of Conway, Del
Genio, Gries & Co., LLC as Strategic Planning Officer of the
Company.  Mr. Del Genio is reporting to the Company's board of
directors, and is, among other functions, communicating frequently
with the Company's lenders and their representatives regarding the
Company's activities, cash flows, cost controls and restructuring
efforts.  Mr. Del Genio also is assisting the Company in
connection with the preparation for, and administration of, any
Chapter 11 filing.

                        Nasdaq Delisting

On May 20, 2010, the Company received a notice from The Nasdaq
Stock Market stating that the Company no longer meets the
$10,000,000 stockholders' equity requirement for continued listing
on Nasdaq in accordance with Listing Rule 5450(b)(1)(A).  In
addition, the Company failed to meet the minimum bid price of
$1.00 for 30 consecutive business days pursuant to Listing Rules
5450(a)(1) and the market value of publicly held shares of $5
million pursuant to 5450(b)(1)(B), and the Company does not meet
the continued listing requirements under the alternative standards
under Listing Rule 5450(b).

In accordance with the ongoing restructuring initiative, the
Company decided not to submit a compliance plan that would support
its ability to achieve near term compliance with the continued
listing requirements and to sustain such compliance over an
extended period of time.  Further, the Company does not plan to
request a hearing before a Nasdaq Hearings Panel determination
regarding these issues.  Therefore, the Company's common stock was
suspended from trading on June 1, 2010 and a Form 25-NSE was filed
with the Securities and Exchange Commission removing the Company's
common stock from listing and registration on Nasdaq.

Further, the Company is not applying to transfer its common stock
to The Nasdaq Capital Market as it does not satisfy all of the
continued listing requirements of The Nasdaq Capital Market as set
forth in Listing Rule 5550.

                        2nd Quarter Results

RHI Entertainment reported a net loss of $28.019 million for the
three months ended June 30, 2010, from a net loss of $8.621
million for the same period in 2009.  The Company posted a net
loss of $50.824 million for the six months ended June 30, 2010,
from a net loss of $21.322 million for the same period in 2009.

Total revenue was $5.984 million for the second quarter of 2010,
from $22.683 million for the same period in 2009.  Total revenue
was $14.383 million for the six months ended June 2010, from
$35.686 for the first half of 2009.

At June 30, 2010, the Company had total assets of $544.625 million
against total liabilities of $827.833 million, resulting in
stockholders' deficit of $283.208 million.

The Company has incurred net losses from operations and net
operating cash outflows in each of the past four fiscal years and
at June 30, 2010, has an accumulated deficit of $338.1 million.

The Company decreased its production slate for 2009 and 2010,
reduced its selling, general and administrative expenses through
cost-cutting measures that included, among others, job reductions.
The Company has taken and expects to continue to take additional
steps, including discussions with landlords and various vendors,
to preserve liquidity in the short term.

Despite any additional cost-saving steps it may implement, unless
the Company successfully restructures its debt, obtains other
sources of liquidity and significantly improves its operating
results, the Company will not have the resources to continue as a
going concern.  There can be no assurance that the Company will be
successful in such endeavors.

The Company's independent auditors included an explanatory
paragraph in their Report of Independent Registered Public
Accounting Firm included in the Company's Annual Report on Form
10-K for the year ended December 31, 2009, which was filed with
the SEC on March 26, 2010, that noted factors which raised
substantial doubt about the Company's ability to continue as a
going concern.

                      About RHI Entertainment

RHI Entertainment, Inc., based in New York, develops, produces and
distributes new made-for-television  movies, mini-series and other
television programming worldwide.  Its business is comprised of
the licensing of new film production and the licensing of existing
content from its film library in territories around the world.


RICHARD SCHWARTZ: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Joint Debtors: Richard M. Schwartz
               Faith R. Schwartz
               190 W. Ivy Hill Road
               Woodmere, NY 11598

Bankruptcy Case No.: 10-76069

Chapter 11 Petition Date: August 3, 2010

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

Judge: Robert E. Grossman

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

Scheduled Assets: $1,238,500

Scheduled Debts: $1,203,737

A list of the Joint Debtors' 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/nyeb10-76069.pdf


RITA TASHJIAN: Case Summary & 6 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Rita Tashjian
          aka Rita Gasper
        995 Lundy Lane
        Los Altos, CA 94024
        Tel: (408) 421-0551

Bankruptcy Case No.: 10-58039

Chapter 11 Petition Date: August 3, 2010

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

Judge: Charles Novack

Debtor's Counsel: Dennis Yan, Esq.
                  Law Office of Dennis Yan
                  595 Market Street, #1350
                  San Francisco, CA 94105
                  Tel: (415) 867-5797
                  E-mail: dennisy@yahoo.com

Scheduled Assets: $2,425,000

Scheduled Debts: $5,767,323

A copy of the Debtor's list of 6 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/canb10-58039.pdf


RITE AID: Bank Debt Trades at 11% Off in Secondary Market
---------------------------------------------------------
Participations in a syndicated loan under which Rite Aid
Corporation is a borrower traded in the secondary market at 88.58
cents-on-the-dollar during the week ended Friday, Aug. 6, 2010,
representing an increase of 1.30 percentage points from the
previous week according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  The Company pays 175 basis
points above LIBOR to borrow under the facility.  The bank loan
matures on May 25, 2014, and carries Moody's B3 rating and
Standard & Poor's B+ rating.  The loan is one of the biggest
gainers and losers among 199 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

Headquartered in Camp Hill, Pennsylvania, Rite Aid Corporation
(NYSE: RAD) -- http://www.riteaid.com/-- is the largest drugstore
chain on the East Coast and the third largest drugstore chain in
the U.S.  The Company operates more than 4,900 stores in 31 states
and the District of Columbia.

Moody's has a 'Caa2' corporate family and probability of default
ratings for Rite Aid.  Standard & Poor's gave a 'B-' corporate
credit rating, and "stable" outlook, for Rite Aid.


RMAA REAL ESTATE: Involuntary Chapter 11 Case Summary
-----------------------------------------------------
Alleged Debtor: RMAA Real Estate Holdings, L.L.C.
                20702 Crescent Point Place
                Ashburn, VA 20147

Bankruptcy Case No.: 10-16505

Involuntary Chapter 11 Petition Date: August 3, 2010

Court: U.S. Bankruptcy Court
       Eastern District of Virginia (Alexandria)

Judge: Robert G. Mayer

Debtor's Counsel: Pro Se

Petitioners' Counsel: John Paul Forest, II, Esq.
                      11350 Random Hill Road, Suite 700
                      Fairfax, VA 22030
                      Tel: (703) 691-4940
                      E-mail: j.forest@stahlzelloe.com

Creditors who signed the Chapter 11 petition:

    Petitioners                    Nature of Claim    Claim Amount
    -----------                    ---------------    ------------
Brevon Developers, Inc.            Breach of Contract     $100,000
235 Dry Mill Road
Leesburg, VA 20175

Brett Anthony Amendola             Breach of Contract     $145,000
4501 Forest Hill Drive
Fairfax, VA 22030

Roger Amendola                     Breach of Contract      $50,000
20702 Crescent Point Place
Ashburn, VA 20147


ROSSCO PLAZA: Killeen Plaza Hotel Auction Postponed
---------------------------------------------------
kxxv.com reports that the auction for the sale of assets of Rossco
Plaza, Inc.'s Killeen Plaza Hotel has been postponed to a later
date.  According to the report, the Killeen Plaza, along with the
Howard Johnson Hotel, was set for auction on August 4 at the Bell
County Courthouse in Waco, Texas.

The Killeen Plaza has been struggling with low occupancy.
According to kxxv, hotels along the Highway 190 have been
averaging 60% occupancy, while the Killeen Plaza has a 14% rate.

Rossco Plaza, Inc., manages Killeen Plaza Hotel in Killeen, Texas.
Rossco Plaza filed for Chapter 11 on July 28, 2010 (Bankr. W.D.
Tex. Case No. 10-60917).  Ronald E. Pearson, Esq., serves as
bankruptcy counsel.  The Company scheduled $6,191,042 in assets
and $4,576,421 in debts as of the Petition date.

Colony Lodging, Inc., WM Properties, Ltd., LJR Properties, Ltd.,
Monte Nido Estates, LLC, and Rossco Properties, Inc., filed
separate Chapter 11 petitions on July 28, 2010.


SALLY BEAUTY: June 30 Balance Sheet Upside Down by $525MM
---------------------------------------------------------
Sally Beauty Holdings Inc. filed its quarterly report on Form
10-Q with the Securities and Exchange Commission.

The Company's balance sheet at June 30, 2010, showed $1.51 billion
in total assets, $2.04 billion in total liabilities, and
stockholders' deficit of $525.50 million.

As reported in Troubled Company Reporter on Aug. 3, 2010, the
Company said in an earnings release that highlights for the fiscal
2010 third quarter are:

  * Consolidated sales up 10.3% to $743.0 million

  * Consolidated same store sales increased 4.6% compared to 2.6%
    in 3Q09

  * Consolidated gross profit expanded 140 basis points

  * Net earnings of $41.1 million, up 30.6% compared to GAAP net
    earnings of $31.5 million in 3Q09

  * Net earnings growth of 37.1% compared to adjusted net earnings
    of $30.0 million in 3Q09

  * 3Q10 diluted earnings per share of $0.22, up 29.4% compared to
    $0.17 in 3Q09

  * Adjusted EBITDA of $107.8 million, up 12.9%

  * Reduced long-term debt by $54.7 million; Term Loan 'A' prepaid
    in full.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?677a

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?6809

                         About Sally Beauty

Denton, Texas-based Sally Beauty Holdings, Inc. (NYSE: SBH) --
http://www.sallybeauty.com/-- sells professional beauty supplies,
primarily through its Sally Beauty Supply retail stores in the
U.S., Puerto Rico, Mexico, Canada, Chile, Belgium, France, Italy,
the United Kingdom and certain other countries in Europe.


SALLY HOLDINGS: Balance Sheet Upside Down by $558.8 Million
-----------------------------------------------------------
Sally Holdings LLC filed its quarterly report on Form 10-Q,
reporting net earnings of $42.27 million on $742.97 million of net
sales for the three months ended June 30, 2010, compared with net
earnings of $32.85 million on $673.33 million net sales for the
same period a year ago.

The Company's balance sheet at June 30, 2010, showed $1.51 billion
in total assets, $2.07 billion in total liabilities, and
stockholders' deficit of $558.77 million.

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?6807

Sally Holdings, LLC, based in Denton, Texas, is a leading retailer
and distributor of beauty products with over 3,800 stores in 10
countries.  Annual revenues are around $2.6 billion.

                           *     *     *

Sally Holdings carries a 'BB-' corporate credit rating from
Standard & Poor's Ratings Services.


SCOOTER SUPER STORE: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Scooter Super Store of America, Inc.
          fka Scooter Superstore of America, Inc.
              Scooter Super Store USA, Corp.
        2455 E Sunrise Blvd. PHN
        Fort Lauderdale, FL 33304

Bankruptcy Case No.: 10-32607

Chapter 11 Petition Date: August 2, 2010

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

Judge: John K. Olson

Debtor's Counsel: Gary J. Rotella, Esq
                  1500 N. Federal Highway #250
                  Fort Lauderdale, FL 33304
                  Tel: (954) 763-2500
                  Fax: (954) 467-2231
                  E-mail: rotellagar@aol.com

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

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

Debtor-affiliate that filed a separate Chapter 11 petition:

                                                         Petition
  Debtor                                        Case No.   Date
  ------                                        --------   ----
Scooter Superstore of America - Midtown, LLC    10-32611  08/02/10
fka Moto Bravo, LLC
  Estimated Assets: $1,000,001 to $10,000,000
  Estimated Debts: $1,000,001 to $10,000,000

A list of Scooter Super Store's 20 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flsb10-32607.pdf

A list of Scooter Superstore of America's 20 largest unsecured
creditors filed together with the petition is available for free
at http://bankrupt.com/misc/flsb10-32611.pdf

The petitions were signed by Walter T. Warrick, managing member.


SCOTT KREHLING: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Scott David Krehling
        6280 Painted Leaf Lane
        Naples, FL 34116

Bankruptcy Case No.: 10-18768

Chapter 11 Petition Date: August 3, 2010

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

Judge: Alexander L. Paskay

Debtor's Counsel: Joseph Trunkett, Esq.
                  The Trunkett Law Group, LLC
                  2271 McGregor Boulevard, Suite 300
                  Fort Myers, FL 33901
                  Tel: (239) 790-4529
                  Fax: (239) 790-5404
                  E-mail: jtrunkett@trunkettlaw.com

Scheduled Assets: $830,448

Scheduled Debts: $2,024,971

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/flmb10-18768.pdf


SEQUENOM INC: Officers Get Incentive, Non-Qualified Stock Options
-----------------------------------------------------------------
Several officers of Sequenom Inc. disclosed acquiring on August 3,
2010, Incentive Stock Options and Non-Qualified Stock Options that
give them the right to buy shares of the Company's common stock.

The shares subject to the options vest in 48 equal monthly
installments commencing on August 3, 2010, such that the shares
subject to the option are fully vested on August 3, 2014.

Ronald M. Lindsay, the Company's SVP for Research & Development,
acquired 16,891 Incentive Stock Options and 58,109 Non-Qualified
Stock Options.

Alexander Michael Monko, SVP for Sales and Marketing, acquired
26,879 Incentive Stock Options and 23,121 Non-Qualified Stock
Options.

Larry Myres, VP for Operations, acquired 12,500 Incentive Stock
Options and 17,500 Non-Qualified Stock Options.

Clarke Neumann, VP and General Counsel, acquired 10,417 Incentive
Stock Options and 14,583 Non-Qualified Stock Options.

Joseh Zimmerman, VP and General Manager for SCMM unit, acquired
22,000 Incentive Stock Options.

Dirk Van Den Boom, director and VP for R&D, acquired 26,634
Incentive Stock Options and 48,366 Non-Qualified Stock Options.

Chief medical officer Allan Bombard acquired 20,575 Incentive
Stock Options and 39,425 Non-Qualified Stock Options.

Chief scientific officer Charles Cantor acquired 10,417 Incentive
Stock Options and 14,583 Non-Qualified Stock Options.

Alisa Judge, VP for Human Resources, acquired 10,417 Incentive
Stock Options and 14,583 Non-Qualified Stock Options.

CFO Paul V. Maier acquired 25,000 Restricted Stock Units, raising
his stake to 31,250 RSUs.  Each restricted stock unit represents a
contingent right to receive one share of the Company's Common
Stock.  The shares subject to the restricted stock units vest in
four equal quarterly installments commencing on December 1, 2010.

Meanwhile, Dirk Van Den Boom disclosed that as of August 5 he may
be deemed to directly hold 24,864 common shares through the
Incentive Stock Options and Non-Qualified Stock Options that he
held.

                         About Sequenom

Sequenom, Inc. (NASDAQ: SQNM) -- http://www.sequenom.com/-- is a
life sciences company committed to improving healthcare through
revolutionary genetic analysis solutions. Sequenom develops
innovative technology, products and diagnostic tests that target
and serve discovery and clinical research, and molecular
diagnostics markets. The company was founded in 1994 and is
headquartered in San Diego, California.

The Company's balance sheet for June 30, 2010, showed
$105.9 million in total assets and $57.7 million in total current
liabilities, $283,000 in deferred revenue, $3.02 million in other
long-term liabilities, and $1.34 million in long-term portion of
debt and obligations, and stockholders' equity of $43.6 million.

Ernst & Young LLP of San Diego, California, has expressed
substantial doubt about Sequenom's ability to continue as a going
concern.  The auditor noted that the Company has incurred
recurring operating losses and does not have sufficient working
capital to fund operations through 2010.


SEVEN SEAS: S&P Hikes Outlook to "Stable"; 'B' Corporate Affirmed
-----------------------------------------------------------------
Standard & Poor's Ratings Services revised its rating outlook for
Fort Lauderdale, Fla.-based Seven Seas Cruises S. DE R.L. to
stable from negative and affirmed all ratings on the company,
including the 'B' corporate credit rating.

"The outlook revision to stable reflects S&P's belief that Seven
Seas' affiliate Oceania Cruises Inc. is now likely to maintain an
adequate cushion under its 7.0x credit facility leverage covenant,
which is measured starting in the March 2011 quarter," said
Standard & Poor's credit analyst Emile Courtney.

S&P views Seven Seas' relatively stronger financial profile as a
potential solution to troubles S&P previously thought might arise
at its highly leveraged affiliate and, as a result, the ratings
and outlooks are linked between the two affiliates.  (The outlook
for Oceania was also revised to stable concurrent with this
action; see research report on Oceania published earlier).  The
stable outlook also incorporates an increase in S&P's expectation
for yield growth at Seven Seas to 6% to 7% in 2010 and a
significant expected improvement in 2010 EBITDA compared to 2009
due to material nonrecurring costs incurred in 2009.

The 'B' corporate credit rating incorporates a view of a
consolidated enterprise, including both Seven Seas (operator of
the Regent cruise brand) and Oceania Cruises Inc. as wholly owned
subsidiaries of Prestige Cruise Holdings Inc., a corporation
controlled by Apollo Management L.P.  Although management's
intention is to operate Oceania and Regent as two independent
brands, and while they are financed separately, S&P believes that
the strategic relationship between the entities within the context
of Apollo's investment in the high-end cruise line niche warrants
S&P's taking a holistic view of the family of companies.

The 'B' rating reflects Seven Seas' vulnerability within the
cruise sector because of its small fleet and niche market
strategy; limited cash flow diversity, with three vessels driving
the bulk of cash flow generation; high debt leverage; the capital-
intensive nature of the cruise industry; and the travel industry's
susceptibility to economic cycles and global political events.
The high quality of Seven Seas' Regent branded vessels, S&P's
favorable view of the niche segment in which the company operates,
and the company's good visibility into future bookings serve as
partial offsets to the negative rating factors.


SINCLAIR BROADCAST: Posts $17 Million Net Income for June 30 Qtr
----------------------------------------------------------------
Sinclair Broadcast Group Inc. reported financial results for the
three months and six months ended June 30, 2010.

The Company reported net income of $17.27 million on
$185.55 million of total revenues for the three months ended June
30, 2010, compared with net income of $2.78 million on
$158.27 million of total revenues for the three months ended June
30, 2009.

"Broadcast television advertising continues to grow, an indicator
that the economy is showing signs of recovery," commented David
Smith, President and CEO of Sinclair.  "In the second quarter, we
experienced gains in nearly all of our major core advertising
categories, with the largest growth coming from the automotive
sector, which was up 46% year-over-year.  Political for the first
six months also paced ahead of the same period in 2006, the last
non-presidential election year.  The more important data points,
however, are that the third quarter's core advertising sales
are on pace to not only exceed the same period in 2008 by
approximately 9% growth, but also to approximate the current
year's second quarter core business, which is typically one of
our stronger quarters in any given year."

Net broadcast revenues from continuing operations were
$158.7 million for the three months ended June 30, 2010, an
increase of 19.3% versus the prior year period result of
$133.0 million.  The Company had operating income of $56.7 million
in the three-month period, as compared to operating income of
$25.8 million in the prior year period.  The Company had net
income attributable to the parent company of $17.3 million in the
three-month period versus net income attributable to the parent
company of $2.8 million in the prior year period.

The Company reported diluted earnings per common share of $0.21
for the three-month period versus diluted earnings per common
share of $0.04 in the prior year period.

Net broadcast revenues from continuing operations were
$306.6 million for the six months ended June 30, 2010, an increase
of 16.0% versus the prior year period result of $264.3 million.
The Company had operating income of $102.9 million in the six-
month period versus the prior year period operating loss of
$80.9 million.  Excluding the impairment charges related to
goodwill and other intangible assets, operating income in 2009
would have been $49.2 million in the six-month period.  The
Company had net income attributable to the parent company of
$28.8 million in the six-month period versus a net loss
attributable to the parent company of $82.9 million in the prior
year period.

The Company had diluted earnings per common share of $0.36 in the
six-month period versus a diluted loss per common share of $1.03
in the prior year period.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6806

                     About Sinclair Broadcast

Based in Baltimore, Maryland, Sinclair Broadcast Group, Inc.
(Nasdaq: SBGI) -- http://www.sbgi.net/-- one of the largest and
most diversified television broadcasting companies, currently owns
and operates, programs or provides sales services to 58 television
stations in 35 markets.  The Company's television group reaches
roughly 22% of U.S. television households and includes FOX,
ABC, CBS, NBC, MNT, and CW affiliates.

The Company's balance sheet at June 30, 2010, showed
$1.53 billion in total assets, $1.71 billion in total liabilities,
and stockholders' deficit of $170.36 million.

Sinclair Braodcast has a 'B' corporate credit rating from
Standard & Poor's Ratings Services.  In May 2010, S&P placed the
ratings on CreditWatch with positive implications.

It has a 'B1' corporate family rating from Moody's.


SINCLAIR BROADCAST: Moody's Upgrades Corp. Family Rating to 'B1'
----------------------------------------------------------------
Moody's Investors Service upgraded its ratings for Sinclair
Broadcast Group, Inc., including the company's Corporate Family
Rating and Probability of Default Rating, both to B1 from B2, and
the ratings for the company's individual debt instruments, as
outlined below.  Moody's also assigned a Ba1 (LGD2, 10%) rating to
the proposed new term loan being arranged for subsidiary Sinclair
Television Group, Inc., which plans to term out STG's existing
term loan B (and the rating for which will be withdrawn upon
execution of the proposed transaction).  The Speculative Grade
Liquidity Rating remains unchanged at SGL-2, indicating Moody's
expectation that the company will maintain a "good" liquidity
profile over the next 12-to-15 months.

Moody's also placed Sinclair's and STG's ratings (other than the
SGL) under review for possible further upgrade.  The review
follows the company's announcement that STG is seeking to amend
its existing credit agreement, in part to create flexibility to
take out other indebtedness.  Moody's believes that management may
be looking to proactively address its near-term maturities
($225 million of 8% senior subordinated notes due 2012 and at
least a portion of the 6% convertible debentures due 2012) with a
prospective refinancing transaction(s), which if successfully
completed could lend support to such an additional upgrade of
ratings.

Upgrades:

Issuer: Sinclair Broadcast Group, Inc.

  -- Corporate Family Rating, Upgraded to B1 from B2

  -- Probability of Default Rating, Upgraded to B1 from B2

  -- 4.875% Senior Subordinated Notes, Upgraded to B3, LGD6, 94%
     from Caa1, LGD6, 94%

Issuer: Sinclair Television Group, Inc.

  -- Senior Secured Revolver (Maturing June 2011), Upgraded to
     Ba1, LGD2, 10% from Ba2, LGD2, 11%

  -- Senior Secured Revolver (Maturing December 2013), Upgraded to
     Ba1, LGD2, 10% from Ba2, LGD2, 11%

  -- Senior Secured Term Loan B (Maturing October 2015), Upgraded
     to Ba1, LGD2, 10% from Ba2, LGD2, 11%

  -- Senior Secured Second Lien Notes, Upgraded to B1, LGD3, 48%
     from B2, LGD3, 49%

  -- 8% Senior Subordinated Notes (Maturing March 2012), Upgraded
     to B3, LGD5, 84% from Caa1, LGD5, 85%

Assignment:

Issuer: Sinclair Television Group, Inc.

  -- New Senior Secured Term Loan B (Maturing October 2015),
     Assigned Ba1, LGD2, 10%

Unchanged:

Issuer: Sinclair Broadcast Group, Inc.

  -- Speculative Grade Liquidity Rating, SGL-2

The upgrades reflect Sinclair's outperformance relative to former
expectations, in conjunction with Moody's favorable revenue
outlook through the end of 2010 and improving 31%-33% EBITDA
margins generated by the company's sizable and diverse television
station group.  As of June 30, 2010, debt-to-EBITDA improved to
6.0x incorporating Moody's standard adjustments (5.7x on a net
debt-to EBITDA basis), with 6%-9% free cash flow-to-debt ratios.
The more moderate level of financial leverage provides some
cushion to the company's dependence on cyclical advertising
spending.

The CFR continues to reflect still high financial risk,
nonetheless, and the inherent cyclicality of the broadcast
television business, among other factors.  Somewhat mitigating
these risks are the company's station portfolio, which includes 38
stations that benefit from favorable duopoly structures and 4
stations that benefit from joint service arrangements, a diverse
offering of network affiliations, and a national footprint
covering 35 markets.

On August 4, the company announced plans to amend the existing
credit facility to gain flexibility in refinancing other
indebtedness.  Moody's would view the potential refinancing of the
8% senior subordinated notes and a portion of the 6% convertible
debentures as meaningful enhancements to the company's liquidity
profile, and thereby potential contributors to any prospective
upgrade upon conclusion of the review.  Moody's will specifically
consider Sinclair's ability to significantly reduce or eliminate
these 2012 maturities totaling $343 million, as well as the impact
that any new financing might have on key credit metrics, including
leverage, interest coverage, free cash flow, and financial
covenants.

The last rating action was on November 6, 2009, when Moody's
upgraded Sinclair's CFR to B2 from Caa2, its PDR to B2 from Caa3,
its Speculative Grade Rating to SGL-2 from SGL-4, as well as
certain instruments of Sinclair Broadcast Group, Inc. and Sinclair
Television Group, Inc. The rating outlook was also changed to
Stable from Under Review.

Sinclair, headquartered in Baltimore, Maryland, is a television
broadcaster, operating 58 television stations in 35 markets
primarily through STG and its local marketing agreements with
10 stations.  Sinclair generated revenue of approximately
$698 million for the trailing twelve months ended June 30, 2010.


SINCLAIR BROADCAST: S&P Raises Corporate Credit Rating to 'B+'
--------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Hunt Valley, Md.-based TV broadcaster Sinclair Broadcast
Group Inc. to 'B+' from 'B' and removed it from CreditWatch, where
it was placed with positive implications on May 26, 2010.  The
rating outlook is positive.

In addition, S&P assigned guaranteed operating subsidiary Sinclair
Television Group Inc.'s proposed $270 million tranche B term loan
maturing October 2015 an issue-level rating of 'BB' (two notches
higher than the 'B+' corporate credit rating on Sinclair
Broadcast).  The recovery rating on this debt is '1', indicating
S&P's expectation of very high (90% to 100%) recovery for lenders
in the event of a payment default.

In conjunction with the corporate credit rating upgrade, S&P
raised its issue-level rating on STG's senior secured credit
facilities to 'BB' from 'BB-'.  The recovery rating on this debt
remains unchanged at '1'.

S&P also revised the recovery rating on STG's second-lien notes to
'3', indicating its expectation of meaningful (50% to 70%)
recovery for noteholders in the event of a payment default, from
'5'.  S&P raised the issue-level rating on this debt to 'B+' (at
the same level as the 'B+' corporate credit rating) from 'B-', in
accordance with S&P's notching criteria for a '3' recovery rating.

The ratings on the company's unsecured debt issues were raised to
'B-' (two notches lower than the 'B+' corporate credit rating)
from 'CCC+', with the recovery rating remaining at '6', indicating
S&P's expectation of negligible (0% to 10%) recovery for
debtholders in the event of a default.

"The 'B+' rating reflects S&P's expectation that Sinclair will be
able to reduce its leverage further by the end of 2010 through
revenue and EBITDA growth and lower debt balances," explained
Standard & Poor's credit analyst Deborah Kinzer.

Lease-adjusted debt to EBITDA declined to 5.3x as of June 30,
2010, from 7.0x at year-end 2009.  The positive outlook reflects
S&P's view that the company could keep its lease-adjusted debt to
EBITDA below historical levels throughout the election cycle,
absent a reversal of economic growth, debt-financed acquisitions,
or significant shareholder-favoring measures.

Sinclair is one of the largest non-network-owned TV broadcasters
in the U.S., with 58 stations reaching about 22% of the country's
households.  The company's size confers efficiencies with respect
to marketing, programming, overhead, and capital expenditures.
Most of Sinclair's stations are affiliated with the Fox (20
stations), MyNetworkTV (17), ABC (9), or CW (9) networks.  S&P
views the company's business risk profile as weak, because its
portfolio consists of generally lower-ranked stations and it holds
investments in a number of underperforming real estate and other
non-TV assets.


SIRIUS XM: Posts $15.27 Million Net Income for June 30 Quarter
--------------------------------------------------------------
SIRIUS XM Radio reported second quarter 2010 financial and
operating results, including:

   * $705.6 million of adjusted revenue, up 16% over second
     quarter 2009 adjusted revenue of $607.8 million; and

   * $154.3 million in second quarter 2010 adjusted EBITDA, an
     increase of 17% over second quarter 2009 adjusted EBITDA of
     $132.2 million.

The Company reported net income of $15.27 million on
$699.76 million of total revenues for the three months ended June
30, 2010, compared with a net loss of $159.64 million on
$590.82 million of total revenues during the same period a year
earlier.

The Company's balance sheet at June 30, 2010, showed $7.20 billion
in total assets and $7.02 billion in total liabilities, and
stockholders' equity of $180.42 million.

"The sharp subscriber growth and double-digit increase in adjusted
revenue and adjusted EBITDA show that we continued to execute on
our business plan during the second quarter," said Mel Karmazin,
Chief Executive Officer, SIRIUS XM.  "Compared to the year ago
quarter, gross additions increased by 46%, deactivations declined
by 8%, and customers paid us on average 11% more each month --
clearly showing just how much subscribers love our service.  Free
cash flow in the second quarter 2010 was $108.3 million compared
to $12.7 million in the second quarter of 2009.  Our business has
improved substantially in the past year, and we look forward to a
strong second half and 2011."

SIRIUS XM ended second quarter 2010 with a record-high 19,527,448
subscribers, an increase of more than 1.1 million subscribers
compared to the end of second quarter 2009.  Net subscriber
additions of 583,249 in the second quarter of 2010 improved
significantly from a net loss of 185,999 subscribers in the second
quarter of 2009.  In the second quarter 2010, average revenue per
subscriber (ARPU) was $11.81, an increase of 11% from ARPU of
$10.66 in the second quarter 2009.  The company's self-pay monthly
customer churn rate was 1.8% in the second quarter 2010, as
compared with self-pay monthly customer churn of 2.0% in the
second quarter 2009.

In June, the company completed the redemption of all of the
$114 million of XM's outstanding 10% Senior PIK Secured Notes due
2011.  "We will continue to examine deleveraging opportunities as
they arise with the objective of decreasing interest expense and
improving free cash flow," said David Frear, SIRIUS XM's Chief
Financial Officer.  "The combination of increased adjusted EBITDA
and lower debt has improved our leverage ratio to approximately
4.6x, a historic low for our company."

On a GAAP basis, net income (loss) attributable to common
stockholders for the second quarter of 2010 and 2009 was
$15.3 million and ($159.6) million, respectively, or $0.00 and
($0.04) per diluted share, on revenue of $699.8 million and
$590.8 million, respectively.  The company's reported net income
(loss) attributable to common stockholders included losses on
extinguishment of debt in the second quarter of 2010 and 2009 of
$31.9 million and $107.8 million, respectively.  For the six
months ended June 30, 2010 and 2009, net income (loss)
attributable to common stockholders was $56.9 million and
($398.5) million, respectively, or $0.01 and ($0.11) per diluted
share, on revenue of $1.36 billion and $1.18 billion,
respectively.

                       Increased 2010 Outlook

The company is increasing guidance for the full year 2010,
projecting adjusted revenue will approach $2.8 billion and free
cash flow will approach $150 million.  SIRIUS XM continues to
target approximately $575 million of adjusted EBITDA in 2010.

SIRIUS XM increased its guidance for net subscriber additions to
approximately 1.1 million for the full year.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6805

                       About Sirius XM Radio

Based in New York, Sirius XM Radio Inc. has two principal wholly
owned subsidiaries, XM Satellite Radio Holdings Inc. and Satellite
CD Radio Inc.  XM Satellite Radio Holdings Inc. owns XM Satellite
Radio Inc., the operating company for the XM satellite radio
service.  Satellite CD Radio Inc. owns the Federal Communications
Commission license associated with the SIRIUS satellite radio
service.  XM Satellite Radio Inc. owns XM Radio Inc., the holder
of the FCC license associated with the XM satellite radio service.

In July 2008, the Company's wholly owned subsidiary, Vernon Merger
Corporation, merged with and into XM Satellite Radio Holdings Inc.
and, as a result, XM Satellite Radio Holdings Inc. became Sirius'
wholly owned subsidiary.

                           *     *     *

Sirius carries (i) a 'B' corporate credit rating from Standard &
Poor's and (ii) 'Caa1' corporate family rating and 'B3'
probability of default rating from Moody's.


STERLING ESTATES: Cash Collateral Hearing Set for August 12
-----------------------------------------------------------
The Hon. Jack B. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois will consider on August 12 and 13,
2010, at 1:30 a.m., Sterling Estates (Delaware) LLC's request to
further access cash collateral, and the objection of ORIX Capital
Markets, LLC, as special servicer, to the cash use.

The bankruptcy judge previously entered an interim order granting
the Debtor's permission to access cash collateral until August 13.
The Debtor is authorized to use cash collateral to fund its
Chapter 11 case, pay suppliers and other parties.

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
asserted that the Debtor owed, under the prepetition loan
documents, $36,700,731 plus unpaid interest, costs, expenses and
other charges.

As reported in the Troubled Company Reporter on June 9, in
exchange for using Wells Fargo's 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 Debtor in its restructuring effort.  The Company estimated
assets of $50 million to $100 million and debts of $10 million to
$50 million in its Chapter 11 petition.


SUDS OF CENTRAL ARKANSAS: Case Summary & Creditors List
-------------------------------------------------------
Debtor: Suds of Central Arkansas, LLC
        13782 White Oak Road
        Fayetteville, AR 72704

Bankruptcy Case No.: 10-74063

Chapter 11 Petition Date: August 3, 2010

Court: U.S. Bankruptcy Court
       Western District of Arkansas (Fayetteville)

Judge: Ben T. Barry

Debtor's Counsel: Stanley V. Bond, Esq.
                  P.O. Box 1893
                  Fayetteville, AR 72701-1893
                  Tel: (479) 444-0255
                  Fax: (479) 444-7141
                  E-mail: attybond@me.com

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

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

A copy of the Company's list of nine largest unsecured
creditors filed together with the petition is available for
free at http://bankrupt.com/misc/arwb10-74063.pdf

The petition was signed by Stanely Rogers, manager.


SUNWEST MANAGEMENT: Closes $1.2-Bil. Sale to Blackstone Group
-------------------------------------------------------------
Stayton SW Assisted Living (f/k/a Sunwest Management) completed
the sale of 132 senior living facilities to a joint venture formed
by Blackstone Real Estate Advisors VI L.P., Emeritus Senior Living
and Columbia Pacific Advisors.  The transaction, valued at $1.2
billion, involves the acquisition of the properties in exchange
for cash, securities and assumption of debt.  Twelve additional
properties are expected to close in the near future as part of the
same overall transaction.

The sale of Stayton's assets took place as part of the company's
chapter 11 plan of reorganization, which U.S. District Court Judge
Michael Hogan approved in July.  The court held that the plan
would maximize value for Stayton's creditors and investors.
Existing Stayton investors will receive either cash or securities
in the joint venture, with a choice between Class A preferred
interests paying six percent annually, or common interests in the
joint venture.  Based on their elections for cash or securities,
former Sunwest investors will end up with approximately 15% of the
joint venture.

"After nearly two years of discussions, negotiations, and hard
work, we are pleased to bring resolution to investors and
creditors impacted by the previous mishandling of Sunwest's
assets," said Clyde Hamstreet, chief restructuring officer (CRO)
for Stayton.  "This transaction was the result of a large
collaborative effort and provides Sunwest investors and creditors
their best opportunity to recoup losses."

"This transaction will provide a distribution to creditors that
did not appear possible at the beginning and is a very positive
resolution," said Michael Grassmueck, receiver in the Securities
and Exchange Commission action.  "The results are in large part
possible due to the unusual opportunities presented by the
combination of the Receivership and the Bankruptcy case, along
with the extraordinary efforts of the parties and U.S. District
Court Judge Hogan."

The reorganization plan also creates a Trustco entity to manage
and eventually sell certain non-senior living assets, such as
apartments, office buildings and bare land.  Receiver Michael
Grassmueck will oversee Trustco and liquidate its assets over time
as markets improve for the benefit of the estate's investors and
creditors.  Properties without equity that are not sold to the
Blackstone/Emeritus joint venture or transferred into Trustco were
returned to lenders on the effective date of the plan, which
coincided with closing of the Blackstone/Emeritus transaction.

             A Resolution Nearly Two Years in the Making

The close of the acquisition transaction involving Stayton assets
marks the end of a long and often contentious debate about the
best scenario for compensating as fully as possible investors and
creditors in the former Sunwest enterprise.  Key milestones in
Stayton's restructuring process include:

November 2008         Clyde Hamstreet is engaged by Sunwest
                      Management as CRO.

December 2008         Twenty-five Sunwest affiliated entities,
                      including Stayton, file Chapter 11
                      bankruptcy cases.

March 2, 2009         SEC files a lawsuit against Sunwest
                      Management and Jon M. Harder.

March 10, 2009        U.S. District Court in Eugene, Ore.,
                      appoints Michael Grassmueck as federal
                      receiver and Clyde Hamstreet as CRO of
                      Sunwest and affiliated entities.
August 2009           The Receiver and CRO submit a joint
                      distribution plan to the Court.
                      Negotiations and diligence by the
                      Blackstone/Emeritus Joint Venture begins.

September 15, 2009    Stayton and the Blackstone/Emeritus joint
                      venture reach agreement in principle on
                      terms of acquisition.

October 2, 2009       U.S. District Court Judge Michael Hogan
                      approves distribution plan.  All Sunwest-
                      affiliated entities are consolidated into
                      the Stayton Chapter 11 case.

January 19, 2010      The definitive purchase agreement and motion
                      to approve auction procedures are filed with
                      the Court.

March 25, 2010        U.S. District Court Judge Hogan approves
                      purchase agreement and auction procedures.

May 17, 2010          Bankruptcy auction is held with
                      Blackstone/Emeritus Joint Venture as the
                      successful bidder.

July 13, 2010         Judge Hogan confirms reorganization plan.

August 5, 2010        Acquisition of Stayton assets by
                      Blackstone/Emeritus Joint Venture closes.

                      About Sunwest Management

Founded in Oregon in 1991, Sunwest Management --
http://www.sunwestmanagement.com/-- remains one of the largest
private senior living providers in the country and is a
significant Oregon employer.  In 2008, the company engaged
Hamstreet & Associates and Alvarez & Marsal to serve as financial
advisors.  Clyde Hamstreet is founder and principal of Hamstreet &
Associates, a Portland-based, nationally recognized turnaround
firm that is leading the effort to provide quality care, preserve
value, and help Sunwest meet its obligations to creditors and
investors.  Michael Grassmueck is the founder and principal of
Grassmueck Group, a national firm that specializes in fiduciary
and insolvency services, which is based in Portland, Ore.  He has
served as a trustee in bankruptcy and as fiduciary in the state
and federal courts in thousands of cases for more than 25 years.

In March 2009, U.S. District Judge Michael Hogan appointed Michael
Grassmueck as receiver after the Securities and Exchange
Commission filed suit against Sunwest and former CEO Jon Harder,
alleging securities fraud.  The Company engaged Clyde Hamstreet as
chief restructuring officer in late November 2008 to serve as CRO,
an appointment continued in March by the U.S. District Court after
the SEC lawsuit was filed.

Sunwest Management has put 10 assisted living centers -- two in
Oregon -- into Chapter 11 bankruptcy.  Briarwood Retirement and
Assisted Living Community LLC, which owns a retirement center in
Springfield, and Century Fields Retirement and Assisted Living
Community LLC, which owns a center in Lebanon, filed for
Chapter 11 on Aug. 19, 2008.  On Aug. 17, 2008, eight Sunwest-
affiliated LLCs filed for Chapter 11 bankruptcy protection from
creditors in Tennessee.


TAMMY FOLEY: Case Summary & 18 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Tammy Rae Foley
          fdba Bookkeeping Services
               Innovative Business Services
        499 Halsey Avenue
        San Jose, CA 95128

Bankruptcy Case No.: 10-58069

Chapter 11 Petition Date: August 4, 2010

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

Judge: Arthur S. Weissbrodt

Debtor's Counsel: Henry G. Rendler, Esq.
                  Law Offices of Henry G. Rendler
                  1550 The Alameda, #308
                  San Jose, CA 95126
                  Tel: (408) 293-5112
                  E-mail: henry@rendlerlaw.com

Scheduled Assets: $1,460,826

Scheduled Debts: $1,806,564

A list of the Debtor's 18 largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/canb10-58069.pdf


TATO REAL ESTATE: Case Summary & 2 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Tato Real Estate Holdings, Inc.
        P.O. Box 520085
        Longwood, FL 32752

Bankruptcy Case No.: 10-13644

Chapter 11 Petition Date: August 2, 2010

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

Debtor's Counsel: David R. McFarlin, Esq.
                  Wolff, Hill, McFarlin & Herron, P.A
                  1851 West Colonial Drive
                  Orlando, FL 32804
                  Tel: (407) 648-0058
                  Fax: (407) 648-0681
                  E-mail: dmcfarlin@whmh.com

Scheduled Assets: $1,400,036

Scheduled Debts: $1,534,604

A list of the Company's two largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/flmb10-13644.pdf

The petition was signed by Manuel Tato, president.

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Level 1, Inc.                          09-19770   12/29/09


TAYLOR BEAN: To Retain Hilco to Sell Fixtures at Facility
---------------------------------------------------------
Taylor, Bean & Whitaker Mortgage Corp. is asking for authority
from the U.S. Bankruptcy Court for the Middle District of Florida
to hire Hilco Fixed Asset Recovery, LLC, to sell the furniture and
fixtures located at the Company's Ocala, Florida central document
facility, netDockets Blog reports.  A hearing on the request is
scheduled for August 11.

The central document facility is located at 1417 North Magnolia
Avenue in Ocala.  According to netDockets, pursuant to an
agreement with the landlord for the central document facility,
Taylor Bean has an August 31 deadline to decide whether to assume
or reject the lease of the facility.

According to the report, the Debtor, in a court filing, said it
has decided that the facility is unnecessary and is therefore now
trying to vacate the facility by the end of the month.  In order
to do so, Hilco needs to begin the sale process next week.

Pursuant to an agreement with the Debtor, Hilco would be entitled
to retain all gross proceeds of the asset sales until its out-of-
pocket expenses are covered (not to exceed $18,000).  All proceeds
in excess of Hilco's expenses would be divided with 60% going to
Taylor, Bean & Whitaker and 40% going to Hilco, the report adds.

                         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 for 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 in both assets and
liabilities, and between 1,000 and 5,000 creditors, according to
the bankruptcy petition.


TENET HEALTHCARE: To Sell $600-Mil. of Notes in Private Placement
-----------------------------------------------------------------
Tenet Healthcare Corporation said it is offering to sell
$600 million aggregate principal amount of senior unsecured notes
maturing in 2020 through a private placement.

According to the company, A total of $600 million aggregate
principal amount of notes, which will bear interest at a rate of
8% per annum, will be issued.  The notes will be senior unsecured
obligations of Tenet that will rank equally with Tenet's other
existing and future senior unsecured indebtedness, will rank
senior to Tenet's existing and future subordinated indebtedness
and will be effectively subordinated to any existing and future
secured indebtedness of Tenet to the extent of the value of the
collateral securing such secured indebtedness.  The proceeds from
the offering will be used to pay for a portion of the purchase
price for the repurchase of Tenet's 7.375% senior notes due 2013
pursuant to the tender offer.  Tenet will use any remaining net
proceeds for repurchases of its outstanding senior notes through
publicly or privately negotiated transactions.

The notes will be senior unsecured obligations of Tenet that will
rank equally with Tenet's other existing and future senior
unsecured indebtedness, will rank senior to Tenet's existing and
future subordinated indebtedness and will be effectively
subordinated to any existing and future secured indebtedness of
Tenet to the extent of the value of the collateral securing such
secured indebtedness.  The proceeds from the offering will be used
to pay for a portion of the purchase price for the repurchase of
Tenet's 7.375% senior notes due 2013 pursuant to the tender offer
announced today.  Tenet will use any remaining net proceeds for
repurchases of its outstanding senior notes through publicly or
privately negotiated transactions.

The notes being offered have not been registered under the
Securities Act of 1933 or any state securities laws.  As a result,
they may not be offered or sold in the United States or to any
U.S. persons, except pursuant to an applicable exemption from, or
in a transaction not subject to, the registration requirements of
the Securities Act.

Accordingly, the notes are being offered only to "qualified
institutional buyers" under Rule 144A of the Securities Act or,
outside the United States, to persons other than "U.S. persons" in
compliance with Regulation S under the Securities Act. A
confidential offering memorandum, dated today, will be made
available to such eligible persons.  The offering is being
conducted in accordance with the terms and subject to the
conditions set forth in the offering memorandum.

                      About Tenet Healthcare

Dallas, Texas-based Tenet Healthcare Corporation (NYSE: THC) --
http://www.tenethealth.com/-- is a health care services company
whose subsidiaries and affiliates own and operate acute care
hospitals, ambulatory surgery centers and diagnostic imaging
centers.

                          *     *     *

As reported by the TCR on Aug. 5, 2010, Moody's Investors Service
affirmed its "B2" corporate family rating for Tenet.  The rating
reflects Moody's expectation that the Company will likely see
positive free cash flow for the full year ending December 31,
2010, as operating results continue to improve and litigation
settlement payments end in the third quarter.  However, the
ratings also consider the significant headwinds facing the
company, and the sector as a whole, with respect to increasing bad
debt expense, weak volume trends and changes in mix as commercial
volumes decline.

S&P's corporate credit rating on Tenet is 'B' and remains
unchanged.  The ratings agency noted that while the Company has
experience recent successes to date of a multiyear turnaround
effort, the Company has a still-weak business risk profile and
high financial leverage.


TENET HEALTHCARE: Fitch Assigns 'B/RR3' Rating on $600 Mil. Notes
-----------------------------------------------------------------
Fitch Ratings has assigned a 'B/RR3' rating to Tenet Healthcare
Corp.'s $600 million 8% senior unsecured notes due 2020.  Tenet's
ratings are:

  -- Issuer Default Rating 'B-';
  -- Secured bank facility 'BB-/RR1';
  -- Senior secured notes 'BB-/RR1';
  -- Senior unsecured notes 'B/RR3.

The Rating Outlook is Positive.  The ratings apply to
approximately $4.3 billion of debt outstanding as of June 30,
2010.

Proceeds of the issuance will be used to refinance a portion of
the company's $1 billion senior unsecured notes due 2013.  Tenet
has launched a tender offer for the 2013 notes as of Aug. 3, 2010;
the tender offer expires Aug. 31, 2010, with an early tender
period expiring Aug. 16, 2010.  Holders will receive a tender
offer consideration of $1,025 per $1,000 of par, plus an early
tender premium of $30 per $1,000 of par for bonds tendered during
the early tender period.  The tender offer includes a $600 million
minimum tender condition and the amount of 2013 notes to be
purchased is limited to $800 million.

Improving Liquidity Outlook, But Strained Free Cash Flow Profile
Remains a Concern:

Tenet's improving debt and liquidity profile is currently the most
significant factor supporting the Positive Rating Outlook.  Since
early 2009, the company has proactively addressed risks to the
capital structure by refinancing most of its near-to-medium term
debt maturities.  The tender offer for the 2013 notes will be the
fourth tender-and-exchange completed by the company in the last 18
months, as Tenet took advantage of strong debt capital market
access to refinance approximately $2.4 billion of its 2011, 2012
and 2014 unsecured note maturities during 2009.  If the 2013 note
tender offer is executed successfully, which Fitch believes is
highly likely, Tenet's debt maturities will be nominal through
2014 with the exception of the expiration of its undrawn credit
facility in November 2011.

Tenet's negative free cash flow profile remains the most critical
credit risk.  Positive ratings momentum largely depends upon
incremental progress with respect to this issue over the next 12-
18 months, with several consecutive operating quarters of positive
free cash flow (defined as cash from operations less capital
expenditure and dividends) required to support a ratings upgrade.
Fitch is somewhat concerned that the effects of poor macro
economic conditions on operations are impeding the company's
progress in improving the free cash flow profile.  In the first
six months of 2010 the company produced negative free cash flow of
$15 million versus a negative $9 million in the first six months
of 2009.  However, Fitch anticipates positive free cash flow
generation of around $50 million in 2010 based on its moderately
positive operating forecast for the company and continued
constrained capital expenditure.

Despite its strained free cash flow profile, Fitch believes Tenet
has adequate liquidity to support its operations, including cash
on the balance sheet of $711 million as of June 30, 2010, and
$491 million in availability on the company's $800 million
revolving bank credit facility.  Availability on the revolver is
based on eligible accounts receivable and is reduced by
outstanding letters of credit ($185 million at June 30, 2010).
The bank facility matures in November 2011 and the company
recently indicated it will seek to refinance the facility during
the second half of 2010.  Given the positive reception of debt
investors to Tenet's recent note issuances and the company's
improving operations and financial profile, Fitch does not believe
the company will have difficulty refinancing the bank facility.
Tenet's current debt agreements do not include financial
maintenance covenants, and Fitch believes this may change with the
bank facility refinancing as loan structures became more
conservative in 2Q'10, and Fitch expects this trend to persist in
the second half of 2010.

Poor Macro Economic Conditions Impacting Hospital Provider
Operating Trends:

Poor macro economic conditions are creating significant headwinds
for top line revenue trends in the acute-care hospital industry;
patient utilization trends are weak, government payor
reimbursement rates are expected to exhibit flat to slightly
declining growth, and negative patient mix shift from more
profitable commercial managed care to government and self-pay
volumes is likely to persist until a sustained economic recovery
stimulates employment levels.  Despite these headwinds, Tenet's
ratings and Positive Outlook incorporate Fitch's moderately
favorable revenue and EBITDA outlook for the U.S. for-profit
hospital industry.  Certain offsets to macro economic headwinds
are stabilizing revenue trends and supporting the industry's
recently improved profitability and are expected to persist in the
near-to-intermediate term.  These factors include (i) a low
inflationary environment with respect to controllable operating
costs (ii) favorable reimbursement trends in commercial managed
care pricing, and (iii) a seemingly declining rate of acceleration
in bad debt expense and uncompensated care.

Tenet operates acute care hospitals primarily in urban settings
centralized in geographies that were heavily impacted by the
economic recession, including Florida, California and Texas
(roughly 64% of licensed beds as of Dec. 31, 2009).  Fitch
believes that Tenet recently has made significant progress
improving operations and increasing financial flexibility within
the context of operating margins that continue to lag industry-
wide averages despite the company realizing a meaningful increase
in profitability over the past 18 months.  Despite weak
utilization trends in the first half of the year, Tenet realized
6.2% growth in revenue for the LTM ended June 30, 2010, mostly on
the basis of strong commercial managed care pricing trends and a
higher acuity patient case mix.

Based on 37% growth in EBITDA which was largely driven by a 265
basis point increase in operating margins since 2008, Tenet's
credit metrics are significantly improved and are strong relative
to the 'B-' IDR.  Fitch calculates gross leverage and coverage of
4.3 times and 2.3x, respectively, as of June 30, 2010.  A key
credit concern is how much of Tenet's enhanced profitability will
prove to be sustainable.  While Tenet's improvement in operating
and credit metrics outperformed that of its peers since 2008,
Fitch notes that the overall credit profile of the for-profit
hospital industry has strengthened, with positive trends in debt
leverage, operating margins, and free cash flow despite the
impacts of the economic recession.  Fitch believes that the
industry is benefiting from cost management efforts as well as a
less inflationary environment for healthcare supplies and
services.  As the economy and regional labor markets recover,
Fitch expects some of these gains in profitability to be
unsustainable and operating and credit metrics to track back
toward historical industry averages, but just how much is
difficult to estimate, especially with respect to Tenet, since it
has historically lagged the industry in profitability.

Near-Term Rating Triggers:

Fitch's near-to-medium term operating outlook for Tenet
anticipates mid-single digit revenue growth, slight compression of
EBITDA operating margins and low single digit EBITDA growth.
Fitch anticipates Tenet to generate about $50 million of positive
free cash flow in 2010.  The expectation of EBITDA growth coupled
with the prospect of debt reduction funded through internal
liquidity in the second half of 2010 supports an expectation of
debt-to-EBITDA dropping to near 4.0x by the end of 2010.  Tenet
used cash on hand to repurchase $40 million of debt in 3Q'10 and
has indicated that it plans to use up to $200 million of cash to
buy back 2013 note maturities through the pending tender offer.
Fitch had previously indicated that a 'B' IDR will be indicated by
an expectation that gross leverage will be sustained at or below
4.5x coupled with an expectation of sustained positive free cash
flow generation.

Conversely, a return to a Stable Outlook at a 'B-' IDR or other
negative rating action would likely be precipitated by some
combination of these: flat to declining top line revenue growth,
EBITDA margins declining by 150 basis points or more versus the
June 30, 2010 level of 11.5%, the company continuing to consume
cash in 2010, and an expectation that the company's cash
deployment strategy will become more aggressive with respect to
hospital acquisitions and share holder friendly actions including
share repurchases.

Total debt of $4.3 billion at June 30, 2010, consisted primarily
of:

Senior unsecured notes:

  -- $65 million due 2011;
  -- $57 million due 2012;
  -- $998 million due 2013;
  -- $100 million due 2014;
  -- $481 million due 2015;
  -- $430 million due 2031.

Senior secured notes:

  -- $714 million due 2015;
  -- $714 million due 2018;
  -- $925 million due 2019.

With annual free cash flow anticipated to turn mildly positive,
Fitch expects Tenet will be able to organically fund its 2011 and
2012 note maturities, and that the outstanding balance on the 2013
notes will be reduced by roughly $800 million through the pending
tender offer.  The tender will be funded through the new
$600 million senior unsecured notes due 2020 and up to
$200 million of cash on hand.

Recovery Ratings:

Tenet's Recovery Ratings reflect Fitch's expectation that the
enterprise value of the company, and hence, recovery rates for its
creditors, will be maximized in a restructuring scenario (going
concern), rather than a liquidation.  Fitch employs a 7x
distressed enterprise value multiple reflecting recent acquisition
multiples within the healthcare space.  Fitch stresses June 30,
2010 LTM EBITDA by 30%, considering post restructuring estimates
for interest and rent expense and maintenance level capital
expenditure.  Fitch estimates the adjusted distressed enterprise
valuation in restructuring to be approximately $5.1 billion.  The
'BB-/RR1' rating for the secured notes and bank facility reflects
Fitch's expectations for 100% recovery under a bankruptcy
scenario.  The 'B/RR3' rating on the senior unsecured notes
reflects Fitch's expectations for recovery in the middle of the
51%-70% range.


TENNESSEE TELEPHONE: Files For Chapter 11 Bankruptcy in Tennessee
-----------------------------------------------------------------
Tennessee Telephone Service LLC filed for Chapter 11 on August 4
(Bankr. M.D. Tenn. Case No. 10-08252).  The Debtor estimated
assets and debts at $1 million to $10 million in its Chapter 11
petition.

Nashville Business Journal relates that Tennessee Telephone, doing
business as Freedom Communications USA, is a "competitive local
exchange carrier" -- one of the businesses that sprang up after
1996's Telecommunications Act forced large telephone companies
like BellSouth to allow competitors to lease their infrastructure
and sell competing service.  According to its Web site, the
Company started in 1998 by using BellSouth's network to provide
bundled local and long-distance service.  Freedom Communications
USA has since added wireless service, satellite television and
home security to its offerings.

The Company said it owes $3.13 million to BellSouth and $144,000
to CBNA LLC.

Phillip Young, Esq., at Garfinkle McLemore & Young PLLC,
represents the Company in its Chapter 11 proceedings.


TENS CABARET: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Tens Cabaret, Inc.
        35 East 21st Street
        New York, NY 10010

Bankruptcy Case No.: 10-14222

Chapter 11 Petition Date: August 3, 2010

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

Debtor's Counsel: Randall S. D. Jacobs, Esq.
                  Randall S. D. Jacobs, PLLC
                  110 Wall Street, 11th Floor
                  New York, NY 10005
                  Tel: (212) 709-8116
                  Fax: (973) 226 8897
                  E-mail: rsdjacobs@chapter11esq.com

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

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/nysb10-14222.pdf

The petition was signed by Chris Reda, president and CEO.


TESORO CORPORATION: Fitch Downgrades Issuer Default Rating to 'BB'
------------------------------------------------------------------
Fitch Ratings has downgraded Tesoro Corporation's Issuer Default
Rating to 'BB' from 'BB+' and revised the company's Outlook to
Stable from Negative.

Fitch has downgraded these Tesoro ratings:

  -- Issuer Default Rating to 'BB' from 'BB+';
  -- Senior Unsecured Notes to 'BB' from 'BB+';
  -- Secured Bank Facility to 'BB+' from 'BBB-'.

Approximately $1.85 billion in debt is affected by this action.
The downgrade is based on weaker-than-expected operating results
to date; evidence of a prolonged down-cycle in Tesoro's core
California region given the state's very high (12.3%) unemployment
rate and Fitch's expectations that high regional unemployment will
linger; the impact of the shutdown of the Anacortes refinery since
early April, which represents approximately 18% of Tesoro's total
refining capacity; and the need to fund a still-sizable slug of
core capital spending requirements (maintenance, environmental,
and regulatory) in what may continue to be a weak cash flow
generation environment.

In the second quarter, Tesoro earned $143 million in operating
income versus a loss of $36 million the year prior.  For the first
half of the year, the company had an operating income loss of
$59 million versus a gain of $76 million the year prior.  Note
that 2010 results include a one-time $43 million pre-tax gain
linked to reductions in post retirement benefits.  For the LTM
period ending June 30, 2010, Tesoro earned approximately
$195 million in EBITDA and had debt of $1.845 billion, for
debt/EBITDA leverage of 9.5 times.  Throughput at Tesoro's
California refineries declined to 239,000 bpd in 2Q'10 from
251,000 bpd in 2Q'09.  West coast crack spreads declined to
$13.70/barrel in the first half, versus $15.26/barrel the year
prior and a 10-year average of $16.72/barrel despite the support
provided by a number of plant outages on the west coast, most
notably extensive downtime at Valero's 170,000 bpd Benicia
refinery.  This contrasts with other regional benchmark crack
spreads such as the MidContinent and U.S. Gulf coast, both of
which saw y-o-y increases in 2010.  Given seasonal trends in west
coast crack spreads, Fitch anticipates additional softness in 3Q
and 4Q and expects the company will be FCF negative over the next
two years.

Fitch notes that Tesoro has taken a number of positive steps
recently to improve its competitiveness and enhance its liquidity
in the current downturn.  These include reductions in
postretirement benefits which will yield $10-$25 million in cash
pension-related cost savings; renegotiation of the company's
Hawaii fuel oil contract which will increase the profitability of
the 93,500 bpd Kapolei refinery; other administrative cuts and
reductions in capex to the $475-$500 million range for 2010; and
the anticipated receipt of business interruption insurance
receivables linked to the Anacortes outage, which are expected to
begin to flow in the second half of the year.

Tesoro's current liquidity is reasonable.  At June 30, 2010, the
company had $713 million of availability on its $1.86 billion
secured revolver and cash balances of $191 million for total
availability of $904 million, down modestly from $1.04 billion in
the first quarter.  The revolver is secured by cash (100%),
eligible petroleum inventories (85%), and eligible receivables net
of a standard reserve (80%).  Note that the borrowing base is
linked to the price of ANS crude and is re-determined monthly.
There were no borrowings on the revolver at June 30, 2010, and the
reduction of availability was mostly linked to Letters of Credit
(LC) usage.  Fitch would note that at $1.85 billion in debt, the
company's absolute debt balance has not materially increased over
the last year, and the deterioration seen in leverage metrics has
been exclusively the result of deterioration in EBITDA.  As a
result, the main catalyst for positive rating action on the credit
continues to be an improvement in performance in Tesoro's core
west coast markets.

Tesoro's maturity schedule is manageable, with no major maturities
due until 2012, when its 6.25% $450 million note and $150 million
par junior subordinated note come due.  A key covenant feature of
approximately $1.7 billion in total debt outstanding is the non-
investment grade covenant protections which fall away if Tesoro's
ratings are upgraded to investment grade.  The fall-away covenants
include change of control puts, restricted payments, and
restrictions on liens and asset sales.  This feature applies to
$450 million in 2012 notes, $450 million in 2015 notes,
$500 million in 2017 notes, and $300 million in 2019 notes.  Note
that the covenants are not reinstituted if Tesoro subsequently
falls below investment grade.  In February of this year, Tesoro
received waivers to modify several of its revolver covenants,
including increasing limits on other unsecured debt from
$75 million to $600 million; lowering the consolidated net worth
requirement; and eliminating the $600 million sublimit on facility
LCs.

Tesoro's other obligations are manageable.  Its Asset Retirement
Obligation (ARO) at year end 2009 totaled $34 million and was
primarily linked to expected retail site remediation.  The
company's pension was underfunded by $249 million at year end 2009
versus underfunding of $227 million at year end 2008.In the first
quarter, Tesoro made $50 million in pension contributions, and
does not anticipate further contributions in the current year.
Tesoro's derivatives exposure is limited, and is generally aimed
at protecting the value of excess crude and product inventories
built up prior to planned turnarounds.  To date, no material
litigation has emerged linked to the explosion of the naphtha
hydrotreater unit at the 120,000 bpd Anacortes refinery in April
2010 which resulted in seven fatalities and remains under
investigation by the Chemical and Safety Review Board, EPA, and
State of Washington.  If material civil litigation were to arise
in the future, any judgments or penalties that significantly
exceeded insurance policy limits could be a ratings issue,
especially if organic cash flow from the business had not yet
recovered at that point in the cycle.

Tesoro's ratings are supported by the scale and diversification
benefits of its portfolio of seven refineries; its solid long-term
competitive position on the supply-constrained California market;
the margin impact of light-heavy crude oil differentials on
Tesoro's profits, especially at its deep conversion California
refineries; and recent system upgrades.  Tesoro has also begun to
benefit from recent income improvement projects as well as
synergies from the Wilmington refinery acquisition.  These
benefits include economies of scale for crude purchases in
California; the commissioning of the delayed coker at Golden Eagle
last year; improved electricity reliability and control
modernization at Hawaii; increased sour crude oil processing
capacity at Anacortes, and improved distillate yields.

Tesoro owns and operates seven crude oil refineries with a rated
crude oil capacity of approximately 664,500 bpd.  Five of Tesoro's
refineries are on the west coast, with facilities in California,
Alaska, Hawaii, and Washington.  Tesoro also has refineries in
Salt Lake City, Utah, and Mandan, North Dakota.  Tesoro sells
refined products wholesale or through its network of branded
retail outlets, which totaled 886 at year end 2009.


THEODORE SCHROEDER: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Joint Debtors: Theodore Lord Schroeder
                 aka Ted Schroeder
                 dba Twin Lions Bariatric
                     Twin Lions Estate
               Dana Janine Schroeder
               19135 Overlook Rd.
               Los Gatos, CA 95030

Bankruptcy Case No.: 10-57978

Chapter 11 Petition Date: August 2, 2010

Court: United States 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 St. #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: $1,000,001 to $10,000,000

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


THOMAS POUNDS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Joint Debtors: Thomas L. Pounds, 3rd
               Loretta J. Pounds
               30893 Parapet Court
               Spanish Fort, AL 36527

Bankruptcy Case No.: 10-03590

Chapter 11 Petition Date: August 3, 2010

Court: U.S. Bankruptcy Court
       Southern District of Alabama (Mobile)

Debtor's Counsel: Gregory M. Friedlander, Esq.
                  11 South Florida Street
                  Mobile, AL 36606-1934
                  Tel: (251) 470-0303
                  E-mail: frzmn1@aol.com

Scheduled Assets: $493,564

Scheduled Debts: $1,955,414

A copy of the Joint Debtors' list of 20 largest unsecured
creditors filed together with the petition is available for free
at http://bankrupt.com/misc/alsb10-03590.pdf


TONYA LIGGION: Case Summary & 6 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Tonya Grissam Liggion
        4558 Revenue Trail
        Ellenwood, GA 30294

Bankruptcy Case No.: 10-82566

Chapter 11 Petition Date: August 2, 2010

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

Debtor's Counsel: Dorna Jenkins Taylor, Esq.
                  Taylor & Associates, LLC
                  Suite 500, 1401 Peachtree Street
                  Atlanta, GA 30309
                  Tel: (404) 870-3560
                  Fax: (404) 745-0136
                  E-mail: dorna.taylor@taylorattorneys.com

Scheduled Assets: $1,035,425

Scheduled Debts: $1,424,087

A list of the Debtor's six largest unsecured creditors
filed together with the petition is available for free
at http://bankrupt.com/misc/ganb10-82566.pdf

Debtor-affiliate that filed separate Chapter 11 petition:

                                                 Petition
   Debtor                              Case No.     Date
   ------                              --------     ----
Genesys Pediatrics LLC                 10-74645   05/17/10


TRIBUNE CO: Files Rule 2015.3 Report as of June 27
--------------------------------------------------
Tribune Co. and its units delivered to the Court a report pursuant
to Rule 2015.3 of the Federal Rules of Bankruptcy Procedure on the
value, operations and profitability of certain entities in which
one or more Debtors hold:(i) a combined 100% interest of certain
non- debtor-entities, and (ii) between a 20% and 50% interest of
certain non-debtor entities.

The estates of Tribune Company, Tribune Broadcasting Company, Sun-
Sentinel Company, TMS Entertainment Guides, Inc., Tribune Media
Services, Inc., Los Angeles Times Communications LLC, Chicago
Tribune Company, Eagle New Media Investments, LLC, and Tribune
Media Net, Inc., hold equity interests in these entities:

                                                   Interest of
  Name of Entity                                   the Estate
  --------------                                   -----------
  Fairfax Media, Incorporated                         72.4%
  Multimedia Insurance Company                         100%
  Riverwalk Center I JV                                100%
  Tribune (FN) Cable Ventures, Inc.                    100%
  Tribune Interactive, Inc.                            100%
  Tribune National Marketing Company                   100%
  Tribune ND, Inc.                                     100%
  Tribune Receivables, LLC                             100%
  TMS Entertainment Guides Canada Corp                 100%
  Tribune Hong Kong Ltd.                               100%
  Tribune Media Services B.V.                          100%
  Professional Education Publishers International      100%
  Tribune Employee Lease Company LLC                   100%
  Tribune Technology LLC                               100%
  CIPS Marketing Group, Inc.                            50%
  Los Angeles Times-Washington Post News Service, Inc.  50%
  Legacy.com, Inc.                                    49.1%
  McClatchy/Tribune News Service                      50.0%
  Metromix LLC                                        48.9%
  quadrantONE LLC                                     25.0%
  TKG Internet Holdings II LLC                        42.5%

A full-text copy of the 2015.3 Report is available for free at:

      http://bankrupt.com/misc/Tribune_2015Report610.pdf

                         About Tribune Co.

Headquartered in Chicago, Illinois, Tribune Co. --
http://www.tribune.com/-- is a media company, operating
businesses in publishing, interactive and broadcasting, including
ten daily newspapers and commuter tabloids, 23 television
stations, WGN America, WGN-AM and the Chicago Cubs baseball team.

The Company and 110 of its affiliates filed for Chapter 11
protection on Dec. 8, 2008 (Bankr. D. Del. Lead Case No. 08-
13141).  The Debtors hired Sidley Austin LLP as their counsel;
Cole, Schotz, Meisel, Forman & Leonard, PA, as Delaware counsel;
Lazard Ltd. and Alvarez & Marsal North America LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims agent.  At
the time of the filing, the Debtors stated $7,604,195,000 in total
assets and $12,972,541,148 in total debts.

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


TRIBUNE CO: Invests in Treasury Market Funds
--------------------------------------------
Tribune Co. and its units notified the Court on August 2, 2010,
that they have deposited funds in:

  (a) the JPMorgan 100% Treasury Securities Money Market Fund;

  (b) the BlackRock Cash Funds: Treasury money market fund;

  (c) the Fidelity Institutional Money Market Fund: Treasury
      Only Portfolio; and

  (d) the Fidelity Institutional Money Market Fund: Treasury
      Portfolio.

The Debtors related that they filed the notice upon the request of
the Office of the U.S. Trustee in accordance with Rule 4001-3 of
the Local Rules of Bankruptcy Practice and Procedure of the U.S.
Bankruptcy Court for the District of Delaware.

The Debtors are authorized to invest in certain treasury-based
money market funds consistent with their investment guidelines and
the authorities granted by the Court.

Correspondences from representatives of each fund are available
for free at:

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

                         About Tribune Co.

Headquartered in Chicago, Illinois, Tribune Co. --
http://www.tribune.com/-- is a media company, operating
businesses in publishing, interactive and broadcasting, including
ten daily newspapers and commuter tabloids, 23 television
stations, WGN America, WGN-AM and the Chicago Cubs baseball team.

The Company and 110 of its affiliates filed for Chapter 11
protection on Dec. 8, 2008 (Bankr. D. Del. Lead Case No. 08-
13141).  The Debtors hired Sidley Austin LLP as their counsel;
Cole, Schotz, Meisel, Forman & Leonard, PA, as Delaware counsel;
Lazard Ltd. and Alvarez & Marsal North America LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims agent.  At
the time of the filing, the Debtors stated $7,604,195,000 in total
assets and $12,972,541,148 in total debts.

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


TRIBUNE CO: Bank Debt Trades at 37% Off in Secondary Market
-----------------------------------------------------------
Participations in a syndicated loan under which Tribune Co. is a
borrower traded in the secondary market at 62.92 cents-on-the-
dollar during the week ended Friday, Aug. 6, 2010, representing a
drop of 0.67 percentage points from the previous week according to
data compiled by Loan Pricing Corp. and reported in The Wall
Street Journal.  The Company pays 300 basis points above LIBOR to
borrow under the facility, which matures on May 17, 2014.  Moody's
has withdrawn its rating while Standard & Poor's does not rate the
bank debt.  The loan is one of the biggest gainers and losers
among 199 widely quoted syndicated loans with five or more bids in
secondary trading for the week ended Friday.

Headquartered in Chicago, Illinois, Tribune Co. --
http://www.tribune.com/-- is a media company, operating
businesses in publishing, interactive and broadcasting, including
ten daily newspapers and commuter tabloids, 23 television
stations, WGN America, WGN-AM and the Chicago Cubs baseball team.

The Company and 110 of its affiliates filed for Chapter 11
protection on Dec. 8, 2008 (Bankr. D. Del. Lead Case No. 08-
13141).  The Debtors proposed Sidley Austion LLP as their counsel;
Cole, Schotz, Meisel, Forman & Leonard, PA, as Delaware counsel;
Lazard Ltd. and Alvarez & Marsal North Americal LLC as financial
advisors; and Epiq Bankruptcy Solutions LLC as claims agent.  As
of Dec. 8, 2008, the Debtors have $7,604,195,000 in total assets
and $12,972,541,148 in total debts.

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


TURNBERRY/CENTRA: Lenders Foreclose on $470 Mil. Mortgage Debt
--------------------------------------------------------------
Deutsche Bank Trust Company Americas disclosed plans to sell its
collateral at public sale in accordance with Section 9-610 of the
Uniform Commercial Code in effect in the State of New York.  The
public sale was scheduled for August 4 at the offices of Skadden,
Arps, Slate, Meagher & Flom LLP, located at Four Times Square, New
York, New York 10036.

Deutsche Bank Trust, solely in its capacity as the administrative
agent on behalf of certain lenders under the Mezzanine Loan
Agreement and in no other capacity, said the property to be sold
at the public auction will be all right, title and interest of
Turnberry/Centra Quad, LLC, a Delaware limited liability company,
in the following collateral and certain rights and property
related thereto: 100% of the limited liability company membership
interests in Turnberry/Centra Sub LLC, a Delaware limited
liability company, owned by the Debtor, who is the sole member of
the Pledged Entity.

Parties were invited to bid on the assets.

For further information concerning the Lot or the sale, parties
may contact:

         Adam Spies
         Eastdil Secured, L.L.C. (as agent for the Secured Party)
         40 West 57th Street, 22nd Floor
         New York, NY 10005
         Telephone: (212) 315-7200
         Fax: (212) 315-3602

       and visit:

        http://www.eastdilsecured.com/offerings/im/TownSquare.htm


UAL CORP: United Bank Debt Trades at 10% Off in Secondary Market
----------------------------------------------------------------
Participations in a syndicated loan under which United Air Lines,
Inc., is a borrower traded in the secondary market at 90.18 cents-
on-the-dollar during the week ended Friday, Aug. 6, 2010,
representing an increase  of 1.77 percentage points from the
previous week according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  United Air pays 200 basis
points above LIBOR to borrow under the facility.  The bank loan
matures on Feb. 1, 2014, and carries Moody's B1 rating and
Standard & Poor's B+ rating.  The loan is one of the biggest
gainers and losers among 199 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

                    About UAL Corporation

Based in Chicago, Illinois, UAL Corporation (NASDAQ: UAUA) --
http://www.united.com/-- is the holding company for United
Airlines, Inc.  United Airlines is the world's second largest air
carrier.  The airline flies to Brazil, Korea and Germany.

The company filed for Chapter 11 protection on Dec. 9, 2002
(Bankr. N.D. Ill. Case No. 02-48191).  James H.M. Sprayregen,
Esq., Marc Kieselstein, Esq., David R. Seligman, Esq., and Steven
R. Kotarba, Esq., at Kirkland & Ellis, represented the Debtors in
their restructuring efforts.  Fruman Jacobson, Esq., at
Sonnenschein Nath & Rosenthal LLP represented the Official
Committee of Unsecured Creditors.  Judge Eugene R. Wedoff
confirmed a reorganization plan for United on Jan. 20, 2006.  The
Company emerged from bankruptcy on Feb. 1, 2006.

Reorganized UAL Corp. carries a 'Caa1' probability of default
rating from Moody's, 'B-' long term foreign issuer credit rating
from Standard & Poor's, and 'CCC' long term issuer default rating
from Fitch.

At June 30, 2010, UAL had $20.134 billion in total assets against
total current liabilities of $8.573 billion, long-term debt of
$6.281 billion, long-term obligations under capital leases of
$1.01 billion, and other liabilities and deferred credits of
$7.022 billion, resulting in stockholders' deficit of
$2.756 billion.


UNISYS CORP: MMI Investments Sell 1.25MM Shares Last Week
---------------------------------------------------------
MMI Investments, L.P., sold 1,250,000 shares of Unisys Corp.
common stock from August 3 to 5, 2010, reducing its stake to
750,000 shares

As of June 30, 2010, there are 42,614,560 shares outstanding.

According to a Form 4 filing by Clay B. Lifflander, a Unisys
director and voting member and president of MCM Capital Management
LLC, the general partner of MMI Investments, 427,700 shares were
sold for $26.81 a share on average on August 3; 493,300 shares
were sold for $26.19 a share on average on August 4; and 329,000
shares were sold for $25.81 a share on average on August 5.

Mr. Lifflander said he may be deemed to indirectly hold those
shares.

                           About Unisys

Based in Blue Bell, Pennsylvania, Unisys Corporation (NYSE: UIS)
-- http://www.unisys.com/-- provides a portfolio of IT services,
software, and technology that solves critical problems for
clients.  With more than 26,000 employees, Unisys serves
commercial organizations and government agencies throughout the
world.

The company's balance sheet for June 30, 2010, showed
$2.714 billion in total assets; against total current liabilities
of $1.160 billion, long-term debt of $835.7 million, long-term
postretirement liabilities of $1.507 billion, long-term deferred
revenue of $150.3 million, other long-term liabilities of
$140.2 million, non-controlling interests of $500,000, and
stockholders' deficit of $1.080 billion.

                           *     *     *

Unisys continues to carry Moody's B3 long-term corporate family
rating and Caa1 senior unsecured debt rating; Fitch's B long-term
issuer default rating and B- senior unsecured debt rating; and
Standard & Poor's B foreign issuer and local issuer credit
ratings.

As reported by the Troubled Company Reporter, Unisys on July 31,
2009, completed offers to exchange its 6-7/8% senior notes due
2010, its 8% senior notes due 2012, its 8-1/2% senior notes due
2015 and its 12-1/2% senior notes due 2016 in private placements
for new 12-3/4% senior secured notes due 2014, new 14-1/4% senior
secured notes due 2015, shares of the company's common stock and
cash.  The exchange offer was deemed a distressed transaction by
Moody's, S&P and Fitch, and at one point lowered the company's
ratings to default.

Following the completion of the exchange offer, Moody's confirmed
Unisys' B3 corporate family rating and revised its probability of
default rating to B3/LD from Ca in August 2009 following the
completion of a debt exchange.  The Troubled Company Reporter
published the ratings news on August 5, 2009.  Moody's said at
that time the B3/LD PDR reflects the limited default which has
occurred following completion of the private debt exchange offer
for Unisys' senior notes.  The PDR reverted back to B3 and the /LD
designation was removed in three business days, consistent with
Moody's practice for deemed distressed exchange transactions.

Moody's said the August 2009 rating actions reflect Unisys'
improved liquidity following its refinancing of the $300 million
6.875% Senior Notes due March 2010, of which $235 million was
exchanged for new 2014 Secured Notes, leaving a residual balance
of a relatively modest $65 million.  In addition, as part of the
debt exchange process, $330 million of the $400 million 8% Senior
Notes due 2012 have been exchanged for new 2014 and 2015 Secured
Notes.  No other debt is currently due prior to 2014.

S&P said at that time that, while the exchange reduced Unisys'
March 2010 debt maturity to about $65 million (from $300 million),
removing a rating concern on the exchange, it did not materially
improve the company's total adjusted debt level.

"Our ratings on Unisys reflect ongoing, year-over-year revenue
declines, volatile profitability measures, and challenging market
conditions, offset in part by a good competitive position,
especially in the federal government and public sector," said
Standard & Poor's credit analyst Martha Toll-Reed at that time.


UNITED WESTERN: $14.2MM Due Sept. 30 Under JPMorgan Forbearance
---------------------------------------------------------------
United Western Bancorp, Inc., on July 9, 2010, entered into a
Forbearance Agreement with JPMorgan Chase Bank N.A. effective
May 15, 2010.  For the months of June, July, August, and September
the Company will be required to make monthly principal payments of
$500,000.  At September 30, 2010, the Company will be required to
pay the remaining principal balance of $14,250,000.

The Company and its bank affiliate, United Western Bank, have
defaulted under the credit agreement with JPMorgan with respect to
the issuance of the Cease and Desist Order to the Company and the
Bank entering into the prior Memoranda of Understanding by the
Company and the Bank, with the Office of the Thrift Supervision,
the level of the Bank's capital ratios, the ratio of non-
performing assets, the non-payment of $1.25 million that was due
on March 31, 2010, and the non-payment of $109,000 of accrued
interest due at March 31, 2010.

On April 19, 2010 the Company paid the $109,000 of accrued
interest due at March 31, 2010.  On June 3, 2010 the Company paid
the $1.25 million principal payment that was due at March 31, 2010
and the Company has requested the non-objection from the OTS for
the payments of the other monthly principal payments called for
under the forbearance agreement.

JPMorgan has agreed to forbear from exercising its rights and
remedies under the credit agreements related to the defaults noted
above until September 30, 2010, or the occurrence of a default
other than as discussed.

                          OTS Supervision

On June 25, 2010, the Company and the Bank each entered into a
Stipulation and Consent to Issuance of Order to Cease and Desist
with the Office of the Thrift Supervision whereby each of the
Company and the Bank consented to the issuance of an Order to
Cease and Desist issued by the OTS, without admitting or denying
that grounds exist for the OTS to initiate an administrative
proceeding against the Company or the Bank.

The Company Cease and Desist Order provides:

     -- Within seven days of the Effective Date, the Company must
        submit a capital plan to the OTS for the Company and the
        Bank that will detail, among other things, how the Bank
        will meet and maintain a Tier-1 core capital ratio equal
        to or greater than 8% after the funding of an adequate
        Allowance for Loan and Lease Losses, and a total risk-
        based capital ratio equal to or greater than 12%.

     -- The Company cannot declare, make, or pay any dividends or
        other capital distributions, or repurchase or redeem any
        capital stock, without receiving the prior written non-
        objection of the OTS.

     -- The Company cannot incur, issue, renew, repurchase, or
        rollover any debt, increase any current lines of credit,
        or guarantee the debt of any entity without receiving the
        prior written non-objection of the OTS.

     -- The Company cannot make any payments on any existing debt
        without receiving the prior written non-objection of the
        OTS.

The Bank Cease and Desist Order provides:

     -- By June 30, 2010, the Bank must meet and maintain a Tier-1
        core capital ratio equal to or greater than 8% after the
        funding of an adequate ALLL and a total-risk based capital
        ratio equal to or greater than 12%.  As of June 30, 2010,
        the Bank did not meet such capital ratios.

     -- Within seven days of the Effective Date, the Bank must
        submit a contingency plan to the OTS that details actions
        to be taken to (a) consummate a merger or acquisition by
        another federally insured depository institution or (b)
        voluntarily liquidate by filing an appropriate application
        with the OTS.  This contingency plan must be implemented
        upon notification from the OTS, and the Bank will be
        required to provide monthly status reports to the OTS on
        the execution of the contingency plan.

     -- The Bank must not, directly or indirectly, make, invest
        in, purchase, or commit to make or purchase new
        construction or land loans, except for construction loans
        underwritten through the preferred lender program of the
        United States Small Business Administration.

     -- Within seven days of the Effective Date, the Bank must
        submit a liquidity contingency plan to the OTS containing
        strategies for ensuring that the Bank maintains adequate
        short-term and long-term liquidity to withstand any
        anticipated or extraordinary demand against its funding
        base.

     -- The Bank cannot increase its total assets during any
        quarter in excess of an amount equal to net interest
        credited on deposit liabilities during the prior quarter
        without the prior written non-objection of the OTS.

     -- The Bank cannot declare or pay dividends or make any other
        capital distributions without the prior written non-
        objection of the OTS.

The Cease and Desist Orders remain effective until terminated,
modified or suspended in writing by the OTS.

To address the items contained in the Cease and Desist Orders, the
Company and the Bank have undertaken these actions:

     -- Hired an investment banker to review the Company's
        opportunities to raise additional capital;

     -- Considered other strategic alternatives presented by the
        investment banker for the Company which could include
        the purchase of the Bank or the Company by another company
        with an existing, approved banking charter;

     -- Provided to the OTS for its review with the plans required
        to be submitted pursuant to the Cease and Desist Orders;
        and

     -- Allocated resources and formed appropriate committees,
        including a board level Regulatory Compliance Committee,
        to monitor the Company's and the Bank's compliance with
        the Cease and Desist Orders and to ensure that the future
        reporting and operational requirements are met.

"Depending our ability to return to profitability, the level of
capital raised, if any, the decrease in total assets held by the
Bank, if any, and satisfaction of other aspects of the Cease and
Desist Orders, the OTS can institute other corrective measures and
has broad enforcement powers to impose additional restrictions on
our operations.  In addition, although the Company believes that
it will successfully raise capital in the near-term that will be
sufficient to achieve the required capital ratios, there can be no
assurance that we will be able to do so, nor that we will be able
to comply fully with the provisions of the Cease and Desist
Orders, or that the efforts to comply with the Cease and Desist
Orders will not have an adverse effect on our ability to continue
to operate as a going concern," the Company said in a press
statement on Wednesday.

Also on Wednesday, the Company reported a loss from continuing
operations of $(18.8) million or $(0.64) per share for the second
quarter of 2010.  The Company also said its assets declined
$305.0 million in the first half of 2010, and were $2.22 billion
at June 30, 2010, compared with $2.53 billion at December 31,
2009.  Total assets were $2.42 billion at June 30, 2009.  The
Company had total liabilities of $2.103 billion and shareholders'
equity of $117.191 million at June 30.

The Company said the decrease in the first half of 2010 was the
result of a decline of $323.5 million of cash and cash
equivalents, which was the result of the $259.7 million decrease
in total deposits, purchase of agency securities and the overall
monitoring of the balance sheet size in light of current economic
conditions as well as in light of its capital management plan.

A full-text copy of the Company's earnings release is available at
no charge at http://ResearchArchives.com/t/s?67ef

A full-text copy of the Company's Form 10-Q is available at no
charge at http://ResearchArchives.com/t/s?67f0

                   About United Western Bancorp

Denver, Colorado-based United Western Bancorp, Inc. (NASDAQ: UWBK)
-- http://www.uwbancorp.com/-- is a holding company whose
principal subsidiary, United Western Bank, is a community bank
focused on Colorado's Front Range market and selected mountain
communities.


UNIVERSAL BUILDING: Files for Ch. 11, Plans to Sell Assets to UBP
-----------------------------------------------------------------
Universal Building Products, Inc., and four affiliates filed for
Chapter 11 on August 3, 2010 (Bankr. D. Del. Lead Case No. 10-
12453).  Universal Building estimated assets of $1 million to $10
million and $10 million to $50 million in debts in its Chapter 11
petition.

netDockets Blog reports central to the bankruptcy filing is a plan
to sell substantially all of their assets with that sale to be
followed by a chapter 11 plan of liquidation.

According to the report, the proposed purchaser is an entity named
UBP Acquisition Corp.  The purchaser, or its affiliates, acquired
the Debtors' prepetition secured debt -- roughly $40.3 million --
and are proposing to credit bid $25 million of those secured
claims as consideration for the companies' assets.

netDockets reports that the Debtors acknowledge in bankruptcy
court filings that "the value of their businesses and assets is
substantially less than the amount of the outstanding obligations
under the Credit Agreement."

UBP Acquisition, according to the report, has agreed to provide a
debtor-in-possession credit facility of $6 million to provide cash
to fund the Debtors' operations until the sale closes.

The proposed sale to UBP Acquisition, according to netDockets, is
subject to higher or otherwise better offers.  Bidders are
required to submit a $2.5 million cash good faith deposit and
minimum bid of $26.5 million, among others.  If approved by the
court, the timeline for the competitive bidding process would be:

    Objection to
    Sale Process:        Aug. 24, 2010 at 4:00 p.m. (Eastern)

    Bid Deadline:        Aug. 30, 2010, at noon (Eastern)

    Auction:             Sept. 2, 2010 at 9:00 a.m. (Central)

    Sale Hearing:        September 3, 2010

The report adds that the Debtors propose to pay UBP Acquisition,
as the stalking horse bidder, an $850,000 expense reimbursement
and $400,000 break-up fee if it is outbid at the auction.

Mark Minuti, Esq., MaryJo Bellew, Esq., and Teresa K.D. Currier,
Esq., at Saul Ewing LLP, represent the Debtors in their Chapter 11
cases.


UNIVERSAL BUILDING: Case Summary & 30 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Universal Building Products, Inc.
          dba UBP
        15172 Goldenwest Circle
        Westminster, CA 92683

Bankruptcy Case No.: 10-12453

Chapter 11 Petition Date: August 3, 2010

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

Debtor's Counsel: Mark Minuti, Esq.
                  MaryJo Bellew, Esq.
                  Teresa K.D. Currier, Esq.
                  Saul Ewing LLP
                  222 Delaware Avenue, Suite 1200
                  P.O. Box 1266
                  Wilmington, DE 19899
                  Tel: (302) 421-6840
                       (302) 421-6886
                       (302) 421-6826
                  Fax: (302) 421-5873
                       (302) 421-5886
                  E-mail: mminuti@saul.com
                          mbellew@saul.com
                          tcurrier@saul.com

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

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

The petition was signed by Gregory D. Waller, CFO and secretary.

Debtor-affiliates filing separate Chapter 11 petitions:

        Entity                            Case No.   Petition Date
        ------                            --------   -------------
Accubrace, Inc.                           10-12454        08/04/10
  Estimated Assets: $500,001 to $1,000,000
  Estimated Debts: $10,000,001 to $50,000,000
Don De Cristo Concrete Accessories, Inc.  10-12455        08/04/10
Form-Co, Inc.                             10-12456        08/04/10
Universal Form Clamp, Inc.                10-12457        08/04/10

A copy of Universal Building Product's list of 30 largest
unsecured creditors filed together with the petition is available
for free at http://bankrupt.com/misc/deb10-12453.pdf

A copy of Accubrace's list of 30 largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/deb10-12454.pdf


US FOODSERVICE: Bank Debt Trades at 12% Off in Secondary Market
---------------------------------------------------------------
Participations in a syndicated loan under which U.S. Foodservice,
Inc., is a borrower traded in the secondary market at 88.25 cents-
on-the-dollar during the week ended Friday, Aug. 6, 2010,
representing an increase of 1.53 percentage points from the
previous week according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  The Company pays 275 basis
points above LIBOR to borrow under the facility.  The bank loan
matures on July 3, 2014, and carries Moody's B2 rating while it is
not rated by Standard & Poor's.  The loan is one of the biggest
gainers and losers among 199 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

U.S. Foodservice, Inc. -- http://www.usfoodservice.com/-- is a
foodservice supplier serving some 250,000 customers from more than
70 distribution facilities.  The Company supplies restaurants,
hotels, school, and other foodservice operators with a wide
variety of food products, including canned and dry foods, meats,
frozen foods, and seafood.  It also distributes kitchen equipment
and cleaning supplies among other non-food supplies.  U.S.
Foodservice distributes both national brand products and its own
private labels.  Tracing its roots to 1853, the company is owned
by private equity firms KKR & Co. and Clayton, Dubilier & Rice.


USEC INC: Files Quarterly Report on Form 10-Q for June 30 Quarter
-----------------------------------------------------------------
USEC Inc. filed its quarterly report on Form 10-Q for quarterly
period ended June 30, 2010, with the Securities and Exchange
Commission.

As reported in the Troubled Company Reporter on Aug. 6, 2010, the
Company reported in an earnings release that it posted net income
of $7.2 million for the second quarter ended June 30, 2010,
compared with net income of $17.3 million or 11 cents per diluted
share for the second quarter of 2009.  Revenue for the second
quarter was $459.7 million, a decrease of 11% compared to the same
quarter of 2009.

The Company's balance sheet at June 30, 2010, showed $3.6 billion
in total assets, $1.2 billion in total current liabilities,
$556.0 million in other long-term liabilities, and stockholders'
equity of $1.2 billion.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?67d7

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?6804

                          About USEC Inc.

Headquartered in Bethesda, Maryland, USEC Inc. (NYSE: USU) --
http://www.usec.com/-- a global energy company, is a supplier of
enriched uranium fuel for commercial nuclear power plants.

The Company's balance sheet at March 31, 2010, showed $3.4 billion
in total assets, $1.0 billion in total current liabilities,
$575.0 million in long term debt, $556.1 million other long-
term liabilities, and stockholder's equity of $1.2 billion.

                           *     *     *

USEC Inc. carries 'Caa1' corporate and probability of default
ratings, with "developing" outlook, from Moody's, and 'CCC+' long
term foreign issuer credit rating and 'CCC-' long term local
issuer credit rating, with outlook "developing", from Standard &
Poor's.

In May 2010, S&P said that its rating and outlook on USEC Inc. are
not affected by the announcement that Toshiba Corp. and Babcock &
Wilcox Investment Co., an affiliate of The Babcock & Wilcox Co.,
have signed a definitive investment agreement for $200 million
with USEC.


UTSTARCOM INC: Posts $9 Million Net Loss for June 30 Quarter
------------------------------------------------------------
UTStarcom Inc. reported financial results for the second quarter
of 2010 ended June 30, 2010.

"Our second quarter performance reflects continued progress
towards restructuring the company and an improved business model,"
said Peter Blackmore, UTStarcom's chief executive officer and
president.  "We are optimistic about the market opportunity for
IPTV and broadband in China, India and Japan and remain focused on
growing bookings in these areas to achieve profitability."

               Second quarter 2010 Financial Results

Net sales for the second quarter of 2010 were $73.2 million as
compared to $80.2 million in the second quarter of 2009.  Gross
margin for the second quarter of 2010 were 31% as compared to
gross loss of 20% in the second quarter of 2009.  The operating
loss for the second quarter of 2010 and 2009 were $5.1 million and
$85.4 million, respectively.

The GAAP net loss attributable to UTStarcom for the second quarter
of 2010 was $9.0 million, or a loss of $0.07 per share, as
compared to a loss of $84.3 million, or loss of $0.66 per share in
the second quarter of 2009.

Second quarter 2010 GAAP operating expenses of 28.0 million
include a $2.1 million net gain related to the divestiture of our
IP Messaging and US PDSN Assets in the quarter.

Net cash, cash equivalents and short-term investments as of
June 30, 2010, was $308.0 million compared to $266.9 million on
December 31, 2009.

                         Non-GAAP Results

To enable a comparison of the financial results for the Company on
a year-over-year basis the Company has prepared certain non-GAAP
results which present the Company's results as if both the
divestiture of PCD and the wind-down of the Company's Korea-based
handset operations were completed as of the beginning of the
earliest time-period presented.

The second quarter of 2010 non-GAAP revenue was $73 million, non-
GAAP gross margin was 30% and non-GAAP operating loss was
$6 million.  This compares to the second quarter of 2009 non-GAAP
revenue of $83 million, non-GAAP gross margin of 14% and non-GAAP
operating loss of $55 million.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?6803

                       About UTStarcom, Inc.

UTStarcom, Inc. (Nasdaq: UTSI) -- http://www.utstar.com/-- is a
global leader in IP-based, end-to-end networking solutions and
international service and support.  The Company sells its
solutions to operators in both emerging and established
telecommunications markets around the world.  UTStarcom enables
its customers to rapidly deploy revenue-generating access services
using their existing infrastructure, while providing a migration
path to cost-efficient, end-to-end IP networks.  The Company was
founded in 1991 and is headquartered in Alameda, California.

The Company's balance sheet at June 30, 2010, showed
$813.29 million in total assets, $576.25 million in total
liabilities, and stockholders' equity of $237.03 million.

                           *     *     *

In its Form 10-K, the Company noted that it has recorded operating
losses in 19 of the 20 consecutive quarters in the period ended
December 31, 2009.  At December 31, 2009, the Company had an
accumulated deficit of $1.067 billion.  While operating results
are expected to improve in 2010 compared with prior years,
management expects the Company to continue to incur losses in
2010.


VALENCE TECHNOLOGY: Posts $4.7 Mil. Net Loss for June 30 Quarter
----------------------------------------------------------------
Valence Technology Inc. reported financial results for its fiscal
2011 first quarter ended June 30, 2010.

Highlights for the fiscal 2011 first quarter compared to fiscal
first quarter of 2010:

   * Revenue increased 19% to $5.6 million compared to
     $4.7 million.

   * Gross margin was 17% in both quarters.

   * Operating expenses decreased 22% to $4.5 million compared to
     $5.8 million.

   * Operating loss narrowed to $3.5 million compared to a loss of
     $5.0 million.

   * Net loss available to common shareholders was $4.7 million,
     or $0.04 per share, compared to a loss of $6.2 million, or
     $0.05 per share.

   * Sequentially, the Company experienced a 43% growth in revenue
     while improving its gross margins from 12% to 17%.

   * Substantial sales to specialty sectors as well as to electric
     and hybrid fleet truck manufacturers: specifically Segway,
     Smith Electric Vehicles U.S., Enova Systems, and Optare.

"Our relationships with the commercial fleet and specialty
businesses are proving to be mutually beneficial.  Our work in
these industries is now showing both consistency and growth within
our revenue mix.  Together we offer customers clean, quiet, and
reliable sources of energy storage," said Robert L. Kanode,
president and chief executive officer of Valence Technology.

"Valence's products, performance, and safe chemistry differentiate
us from our competitors in the energy storage market. Demand for
advanced energy solutions is very strong, driven by the commercial
fleet owner's goal of supplying clean and environmentally friendly
trucks and buses to the market," added Mr. Kanode.  "Based on a
strong start to the fiscal year, we expect fiscal year 2011 to be
a robust year in terms of supply agreements and the associated top
line growth."

Valence expects its second quarter revenue to be between $8 - $10
million, which represents triple digit growth from the same period
last year.

A full-text copy of the Company's earnings release is available
for free at http://ResearchArchives.com/t/s?680b

A full-text copy of the Company's Form 10-Q is available for free
at http://ResearchArchives.com/t/s?680c

                     About Valence Technology

Austin, Texas-based Valence Technology, Inc. (NASDAQ: VLNC) --
http://www.valence.com/-- is a global leader in the development
of safe, long-life lithium iron magnesium phosphate energy storage
solutions and provides the enabling technology behind some of the
world's most innovative and environmentally friendly applications.
Valence Technology has its Research & Development Center in
Nevada, its Europe/Asia Pacific Sales office in Northern Ireland
and global fulfillment centers in North America and Europe.

The Company's balance sheet at June 30, 2010, showed
$22.75 million in total assets, $94.51 million in total
liabilities, and stockholders' deficit of $80.37 million.

PMB Helin Donovan LLP expressed substantial doubt about Valence
Technology Inc.'s ability as a going concern following the
Company's fiscal 2010 results.  The Company has incurred operating
losses each year since its inception in 1989 and had an
accumulated deficit of $581 million as of March 31, 2010.  For the
fiscal years ended March 31, 2010, 2009, and 2008 the Company
sustained net losses available to common stockholders of $23.2
million, $21.4 million, and $19.6 million, respectively.


VENTANA HILLS: Plan Outline Hearing Scheduled for September 2
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
will consider on September 2, 2010, at 10:30 a.m., the approval of
the disclosure statement explaining Ventana Hills Associates
Ltd., and Ventana Hills Phase II, L.P.'s proposed Chapter 11 Plan.
The hearing will be held at Room 644.  Objections, if any, are due
on August 20.

The Debtors will begin soliciting votes on the Plan following
approval of the adequacy of the information in the Disclosure
Statement.

According to the Disclosure Statement, the Plan contemplates the
Debtor's continued operation in a like manner as it is currently
operating.  All payments to be made under the Plan will be made
from the following sources: (a) rental and other income generated
by the property comprised of 470 residential rental apartment
units located in 30 buildings spread over 63 acres; and, (b) the
recoveries, if any, from any cause of action.  The Debtor will
continue its operations at the property and will retain its
current managers and its employees.

                        Treatment of Claims

   Class of Claims & Interests                 Payment
   ---------------------------                 -------
   1- Anglo Irish Bank Secured Claim       Paid in full
   2- Real Estate Tax Secured Claim        Paid in full
   3- Other Secured Claims                 Paid in full
   4- Tenant Claims                        Paid in full
   5- Unsecured Claims                     Paid in full
   6- Ownership Interests                  No distribution

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

The Debtors are represented by:

     Richard H. Fimoff, Esq.
     Robbins, Salomon & Patt, Ltd.
     25 E. Washington Street, Suite 1000
     Chicago, IL 60602
     Tel: (312) 782-9000

                  About Ventana Hills Associates

Ventana Hills Associates, Ltd., is the owner and operator of a
residential apartment project located in Pittsburgh, Pennsylvania,
known as "Ventana Hills Apartments.  Ventana Hills Apartments was
constructed in 2002 as a rental apartment community, in two
phases, and was purchased by the Debtor in 2004 for $50,000.

Ventana Hills Associates and affiliate Ventana Hills Phase II,
L.P., filed for Chapter 11 on November 3, 2009 (Bankr. N.D. Ill.
Case No. 09-41755).  The Debtors each estimated assets of and
debts of $50 million to $100 million in their respective
petitions.  Richard H. Fimoff, Esq., at Robbins, Salomon & Patt
Ltd., in Chicago, Illinois, represent the Debtor.


VERINT SYSTEMS: Moody's Retains 'B1' Corporate Family Rating
------------------------------------------------------------
Moody's revised Verint Systems Inc.'s Speculative Grade Liquidity
rating to SGL-2 from SGL-3 as a result of the recent credit
facility amendment which loosens financial covenants and increases
the size of the revolver.  The company's leverage covenant
previously stepped down to 2.5x in January 2011 but as amended
will remain at 3.5x until January 2012 when its steps to 3.0x.
Moody's viewed the previous stepdown as challenging to meet.  The
revolver was also increased to $75 million from $15 million
providing additional liquidity to the company.  The B1 corporate
family rating and other ratings remain unchanged.

The amendment did result in higher loan spreads over LIBOR but
given the company's previous interest rate swap, cash interest
expense will likely decrease at least in the near term.  The
company did however pay $21 million to break the swap.

The SGL-2 reflects the company's cash on hand and increased
revolver availability partially offset by high costs incurred as
part of the restatement process.  Verint had $149 million as of
April 30, 2010 and free cash flow of $58 million for the twelve
months ended April 30, 2010 although free cash flow levels are
expected to be less over the remainder of the fiscal year.

Moody's most recent rating action on Verint was June 14, 2010,
when Moody's provided initial ratings to the company.

Verint Systems, headquartered in Melville, NY, is a leading
provider of analytic software and related products for the
workforce optimization and communications and security
intelligence markets.  Verint had revenues of $701 million for the
twelve months ended April 30, 2010.


VILLAGE AT CAMP: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Village at Camp Bowie I, L.P.
        5929 Sherry Lane, #440
        Dallas, TX 75225

Bankruptcy Case No.: 10-45097

Chapter 11 Petition Date: August 2, 2010

Court: U.S. Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Russell F. Nelms

Debtor's Counsel: John Mark Chevallier, Esq.
                  McGuire, Craddock & Strother, P.C.
                  2501 N. Harwood, Suite 1800
                  Dallas, TX 75201
                  Tel: (214) 954-6800
                  Fax: (214) 954-6850
                  E-mail: mchevallier@mcslaw.com

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

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

The petition was signed by Woodrow R. Brownlee, manager.

Debtor's List of 20 Largest Unsecured Creditors:

        Entity                      Nature of Claim   Claim Amount
        ------                      ---------------   ------------
Gino Dudas                          Reimbursement for      $25,000
All Star Sports Bar & Grill         Finish Out
6115 Camp Bowie Boulevard, Suite 104
Fort Worth, TX 76116

Stan Hatcher                        Reimbursement for      $25,000
Southwest Minority Financial Group  Finish Out
1000 Post & Paddock, Suite 401
Grand Prairie, TX 75050

First Choice Power                  Utility Service        $19,800
P.O. Box 659603
San Antonio, TX 78265-9603

First Choice Power                  Utility Service        $16,050
                                    - Electric

MBL Marketing Solutions             Marketing Fee           $8,000

Thomson Reuters                     Property Tax            $7,500
                                    Consultant

City of Fort Worth - Water Dept.    Utility: Water          $6,884
                                    Sewer, Storm Drain

Lites Out, LLC                      Exterior Light          $6,468
                                    Maint.

Travelers Insurance                 Property Insurance      $6,003

Absolute Security Services, Inc.    Property Security       $5,411

Metroplex Porter Service            Porter Service          $3,993

Fast-Trak Construction, L.P.        Construction            $3,420

Gernite Roofing Corp.               Roof Repairs            $3,129

Access Power                        Power Wash Service      $3,120

Ridglea Electric, Inc.              Electrician             $2,000

Reliant Energy                      Utility Service         $1,950

Jose De Jesus Solis                 Painter                 $1,600

Double Eagle                        Plumbing & HVAC         $1,500
                                    Repairs

Godwin Ronquillo                    Legal Service           $1,498

Action Services                     Parking Lot               $842
                                    Sweeping


VITOIL-SCOTTISH: Wants Plan Exclusivity Until November 18
---------------------------------------------------------
Vitoil-Scottish, LLC is asking for an extension in its exclusive
periods to file and solicit acceptances for the proposed Chapter
11 Plan until November 18, and January 17, 2011, respectively.

The Debtor says it needs additional time to:

   -- continue the hearing on the appointment of a Chapter 11
      trustee in the Debtor's case;

   -- discuss the appointment of a project manager;

   -- allow the Bank to conduct discovery in connection with the
      trustee motion; and

   -- determine whether alternative to litigation exist in the
      case.

The Hon. Geraldine Mund of the U.S. Bankruptcy Court for the
Central District of California will consider approval of the
motion on August 11, 2010, at 10:00 a.m.  The hearing will be held
at Courtroom 303, 21041 Burbank Blvd., Woodland Hills, California.

                    About Vitoil-Scottish, LLC

Studio City, California-based Vitoil-Scottish, LLC, is the owner
of real property located at 2455 Masonic Drive, San Jose
California, acquired for the purpose of developing a condominium
project.  The Company filed for Chapter 11 bankruptcy protection
on April 22, 2010 (Bankr. C.D. Calif. Case No. 10-14734).  Ron
Bender, Esq., who has an office in Los Angeles, California,
assists the Debtor in its restructuring effort.  The Debtor
estimated its assets and debts at $10 million to $50 million in
its Chapter 11 petition.


VORNADO REALTY: 3 Mortgage Loans in Default, Placed with Servicer
-----------------------------------------------------------------
Vornado Realty Trust disclosed in its Form 10-Q report filed with
the Securities and Exchange Commission on August 3 that:

     -- In the fourth quarter of 2009, Vornado requested that a
        Springfield Mall mortgage loan with a principal balance of
        $163,554,000 be placed with the special servicer.  In
        March 2010, Vornado received notice from the special
        servicer that the loan was in default.

     -- In March 2010, it requested that the mortgage loan on a
        California retail property with a principal balance of
        $17,540,000 be placed with the special servicer.  Vornado
        Has not made debt service payments since March and is in
        default.

     -- In March 2010, Vornado requested that the High Point
        Complex mortgage loan be placed with the special servicer.
        Vornado has not made debt service payments since March and
        is in default.

Vornado is in negotiations with the special servicers.  There can
be no assurance as to the timing and ultimate resolution of these
negotiations.

As reported by the Troubled Company Reporter on May 12, 2010, A.D.
Pruitt at The Wall Street Journal, citing a person familiar with
the matter, said Vornado Realty Trust, one of the largest
commercial real-estate owners in the U.S., defaulted on a roughly
$18 million mortgage loan on The Cannery at Del Monte Square in
San Francisco, California.  According to the Journal, the person
familiar with the matter said Vornado earlier this spring stopped
making payments on the $18 million mortgage, which had been carved
up and sold as commercial mortgage-backed securities.  The Journal
says the debt was transferred in April to a special servicer, a
company that deals with troubled commercial-mortgage securities,
according to Trepp, a CMBS research firm.

The Journal's report noted that Vornado owns property, office
buildings and stores valued at more than $20 billion.  The Journal
said Vornado is involved in several default situations and is in
negotiations with other special servicers.  According to the
Journal, Vornado said in SEC filings that it has defaulted on
$217.8 million in nonrecourse debt on a showroom complex in High
Point, N.C., and a mortgage loan with a principal balance of
$164.25 million on Springfield Mall in Washington, D.C.

                       About Vornado Realty

Vornado Realty Trust is a fully-integrated real estate investment
trust and conducts its business through Vornado Realty L.P., a
Delaware limited partnership.  Vornado is the sole general partner
of, and owned approximately 92.5% of the common limited
partnership interest in the Operating Partnership at June 30,
2010.

Substantially all of Vornado's assets are held through
subsidiaries of its Operating Partnership. Accordingly, Vornado's
cash flow and ability to pay dividends to its shareholders is
dependent upon the cash flow of the Operating Partnership and the
ability of its direct and indirect subsidiaries to first satisfy
their obligations to creditors.

On July 8, 2010, Vornado completed the first closing of Vornado
Capital Partners, L.P., its real estate investment fund with
initial equity commitments of $550 million of which Vornado
committed $200 million.  Vornado expect to raise an additional
$450 million bringing total commitments to $1 billion.  Vornado
serves as the general partner and investment manager of the Fund
and it will be its exclusive investment vehicle during its three-
year investment period for all investments that fit within the
Fund's investment parameters.

At June 30, 2010, Vornado had $19.890 billion in total assets
against $11.981 billion in total liabilities, $1.270 billion in
redeemable non-controlling interests, and non-controlling interest
in consolidated subsidiaries of $407.286 million, resulting in
total equity of $6.638 billion.


VORNADO REALTY: Acquires 26% Stake in LNR Property
--------------------------------------------------
As part of LNR Property Corporation's recapitalization, Vornado
Realty Trust acquired a 26.2% equity interest in LNR for a new
investment of $116 million in cash and conversion into equity of
Vornado's $15 million mezzanine loan (current carrying amount)
made to LNR's parent.

In a separate statement, iStar Financial said on July 29, 2010, it
acquired an approximate 24% ownership interest in LNR Property.

The recapitalization involved an infusion of a total of
$417 million in new cash equity and the reduction of LNR's total
debt to $425 million from $1.3 billion.

In the transaction, a group of investors, including other
creditors of LNR, acquired 100% of the common stock of LNR in
exchange for cash and the extinguishment of existing senior notes
of LNR's parent holding company.  iStar said its share of the
consideration paid was $100 million in cash and $100 million
aggregate principal amount of Holdco Notes.

The other equity participants include affiliates of Cerberus
Capital Management, L.P. and Oaktree Capital Management, L.P.

LNR used the cash proceeds received from the issuance of the
common stock plus other cash on hand to pay down a portion of its
existing senior term loan.  As a lender under the senior term
loan, iStar's loan was paid down from an original principal
balance of $102.0 million to $50.8 million.

As part of the recapitalization, for so long as iStar maintains a
specified ownership interest in LNR, iStar will have the right to
designate two members to LNR's board of managers (or the
equivalent thereof).

Vornado said that during the years ended December 31, 2009, and
2008, LNR reported net losses of $717.5 million and $415 million,
respectively.  These net losses included impairment and other
losses aggregating $726.4 million and $391.6 million,
respectively.

A full-text copy of the Equity Purchase Agreement, dated July 29,
2010, among LNR Property, Riley Holdco Corp. and iStar Marlin LLC,
is available at no charge at http://ResearchArchives.com/t/s?67f1

                        About LNR Property

Headquartered in Miami Beach, Florida, LNR Property Corporation is
a servicer of commercial mortgage loans and CMBS and a diversified
real estate, investment, finance and management company.

LNR Property is subject to a forbearance agreement as modified by
the Fifth Forbearance Agreement and Amendment, dated July 21,
2010, with its parent, LNR Property Holdings Ltd., and Deutsche
Bank AG, individually as a lender, and as administrative agent for
the lenders.

                           *     *     *

On August 3, 2010, the Troubled Company Reporter said Standard &
Poor's Ratings Services changed its long-term counterparty credit
ratings on LNR Property Holdings and LNR Property first to 'SD'
from 'CCC', and then to 'B-' from 'SD'.  At the same time, S&P
raised its rating on the company's term loan to 'B-', the same as
the corporate credit rating on the company.

"LNR's debt reorganization has substantially improved the
company's leverage and liquidity metrics, in S&P's view," said
Standard & Poor's credit analyst Adom Rosengarten.  "It also gives
the company a larger cushion under the total leverage covenant
affiliated with its remaining outstanding debt."

The company used balance sheet cash and $417 million from a new
equity issuance to pay down its existing term loan to $425 million
from $851 million.  It also eliminated $450 million of senior
notes that had been issued by LNR's parent company.  S&P's rating
upgrade to 'B-' reflects this improvement.

As reported by the TCR on June 14, 2010, Moody's placed LNR
Property's senior secured bank credit facility and corporate
family ratings on review for possible upgrade following the
company's announcement that it intends to recapitalize its
business.  LNR carries Moody's "Ca" senior secured credit facility
and corporate family ratings.  Moody's said the upgrades would be
multiple notches if LNR is successful in its plans.

As part of the recapitalization, existing shareholders and
existing holding company note holders will participate in a
$400 million Equity Rights Offering.  LNR has engaged Goldman
Sachs and Bank of America Merrill Lynch as arrangers for a
$445 million 1st lien senior secured term loan.  The proceeds of
the rights offering and the new term loan, in addition to cash on
hand, will be used to refinance LNR's existing $868 million senior
secured term loan and cancel its $150 million revolver.  In
addition, LNR's existing $420 million holding company notes will
be converted to equity.

                       About Vornado Realty

Vornado Realty Trust is a fully-integrated real estate investment
trust and conducts its business through Vornado Realty L.P., a
Delaware limited partnership.  Vornado is the sole general partner
of, and owned approximately 92.5% of the common limited
partnership interest in the Operating Partnership at June 30,
2010.

At June 30, 2010, Vornado had $19.890 billion in total assets
against $11.981 billion in total liabilities, $1.270 billion in
redeemable non-controlling interests, and non-controlling interest
in consolidated subsidiaries of $407.286 million, resulting in
total equity of $6.638 billion.

Vornado Realty Trust is in default under its mortgage loans
related to the Springfield Mall in Washington D.C., a California
retail property, and the High Point Complex in North Carolina.
The mortgage loans have been placed with a special servicer, and
Vornado has not made debt service payments under those loans.
Vornado is in negotiations with the special servicers.

As reported by the Troubled Company Reporter on May 12, 2010, A.D.
Pruitt at The Wall Street Journal, citing a person familiar with
the matter, said Vornado, one of the largest commercial real-
estate owners in the U.S., defaulted on a roughly $18 million
mortgage loan on The Cannery at Del Monte Square in San Francisco,
California.  The Journal also reported that Vornado said in SEC
filings that it has defaulted on $217.8 million in nonrecourse
debt on a showroom complex in High Point, N.C., and a mortgage
loan with a principal balance of $164.25 million on Springfield
Mall in Washington, D.C.


WASH ME: Voluntary Chapter 11 Case Summary
------------------------------------------
Debtor: Wash Me of Sandy, Inc.
        8570 South 700 East
        Sandy, UT 84070

Bankruptcy Case No.: 10-30378

Chapter 11 Petition Date: August 2, 2010

Court: United States Bankruptcy Court
       District of Utah (Salt Lake City)

Judge: R. Kimball Mosier

Debtor's Counsel: Franklin L. Slaugh, Esq.
                  880 East 9400 South, Suite 103
                  Sandy, UT 84094
                  Tel: (801) 572-4412
                  Fax: (801) 572-9259
                  E-mail: frank@fiber.net

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 Ken Chapman, treasurer.


WAYTRONX INC: Transfer to Wells Fargo Fixes Key Bank Loan Default
-----------------------------------------------------------------
Waytronx, Inc., along with its wholly owned subsidiaries, CUI,
INC., a provider of electromechanical components and CUI-Japan,
its Japanese subsidiary, and Comex Electronics, a 49%-owned
Japanese subsidiary, closed and funded a $4.0 million Line of
Credit with the Business Credit division of Wells Fargo Capital
Finance, part of Wells Fargo Bank, N.A. (NYSE: WFC).

In addition to closing the LOC, Waytronx has transferred all of
its banking relationship to Wells Fargo and has effectively ended
its relationship with regional banking partner, Key Bank.  In so
doing, the company has cured the technical default related to its
Key Bank LOC and is back in full compliance with relevant
financial covenants.

In its March 2010 quarterly report, which was filed in May, the
Company noted that as of March 31, 2010 CUI maintained a line of
credit with Key Bank granting borrowings of up to $3,000,000 with
interest payable monthly at the bank's prime lending rate plus
1.50 percentage points.  At March 31, 2010, the Company is out of
compliance with a debt covenant related to this loan.  The Company
said it was actively working to resolve this situation.  In April
2010, the working capital line of credit was extended to July 1,
2010.

The Company also reported it was in default of its debt service
coverage ratio debt covenant related to the $6,000,000 Commerce
Bank of Oregon cash loan.  The Company said in the March report it
is actively working to resolve this situation.  The Bank has not
called the loan.

As explained by the company's president & CEO, William Clough, "We
certainly enjoyed and appreciated our long-term relationship with
Key Bank; however, the move to a national bank with the resources,
reputation, and strength of Wells Fargo dramatically increases our
ability to expand our business, continue our aggressive growth
strategy, and, thereby, increase shareholder value."

The move to Wells Fargo is part of a larger strategy by Waytronx
to re-structure all of its corporate debt, allowing it to focus on
its continuing transformation from a "brick and mortar"
electronics distribution/thermal management company to a high-tech
platform company dedicated to the identification, acquisition,
licensing, and commercialization of proprietary technologies like
the AMT Encoder, Digital Power Modules, SEPIC-fed BUCK converter
technology, and the GasPT2 natural gas metering device -- all new
products the company is currently bringing to market.

"We are confident that the move to Wells Fargo coupled with our
other financial strategies and the initiatives we have implemented
since our acquisition of CUI will continue to produce positive
results in both revenue growth and increased shareholder value
through 2010 and beyond," concluded Mr. Clough.

                        About Waytronx Inc.

Based in Tualatin, Oregon, Waytronx, Inc. (OTCBB: WYNX) 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.  In
addition, through its acquisition of CUI in May 2008, Waytronx has
developed the infrastructure, expertise, and platform necessary to
acquire, develop, and commercialize new technologies.

CUI is a solutions provider of electromechanical components and
industrial controls for OEM manufacturing.  Since its inception in
1989, CUI has been delivering quality products, extensive
application solutions, and superior personal service.  CUI's solid
customer commitment and honest corporate message are a hallmark in
the industry.

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.


WEST CORP: 2011 Bank Debt Trades at 5% Off in Secondary Market
--------------------------------------------------------------
Participations in a syndicated loan under which West Corporation
is a borrower traded in the secondary market at 95.08 cents-on-
the-dollar during the week ended Friday, Aug. 6, 2010,
representing an increase of 0.63 percentage points from the
previous week according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  The Company pays 237.5 basis
points above LIBOR to borrow under the facility.  The bank loan
matures on May 25, 2011, and carries Moody's B1 rating and
Standard & Poor's BB- rating.  The loan is one of the biggest
gainers and losers among 199 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

Founded in 1986 and headquartered in Omaha, Nebraska, West
Corporation -- http://www.west.com/-- provides outsourced
communication solutions to many of the world's largest companies,
organizations and government agencies.  West Corporation has a
team of 41,000 employees based in North America, Europe and Asia.

West Corporation had total assets of $3,008,762,000, total
liabilities of $4,068,914,000, Class L Common Stock of
$1,413,958,000, and stockholders' deficit of $2,474,110,000 as of
June 30, 2010.

West Corp. carries a 'B2' corporate rating from Moody's and 'B+'
corporate rating from Standard & Poor's.


WEST CORP: 2016 Bank Debt Trades at 3% Off in Secondary Market
--------------------------------------------------------------
Participations in a syndicated loan under which West Corporation
is a borrower traded in the secondary market at 97.31 cents-on-
the-dollar during the week ended Friday, Aug. 6, 2010,
representing an increase of 0.83 percentage points from the
previous week according to data compiled by Loan Pricing Corp. and
reported in The Wall Street Journal.  The Company pays 387 basis
points above LIBOR to borrow under the facility, which matures on
July 1, 2016.  The bank debt carries Moody's B1 rating while it is
not rated by Standard & Poor's.  The loan is one of the biggest
gainers and losers among 199 widely quoted syndicated loans with
five or more bids in secondary trading for the week ended Friday.

Founded in 1986 and headquartered in Omaha, Nebraska, West
Corporation -- http://www.west.com/-- provides outsourced
communication solutions to many of the world's largest companies,
organizations and government agencies.  West Corporation has a
team of 41,000 employees based in North America, Europe and Asia.

West Corporation had total assets of $3,008,762,000, total
liabilities of $4,068,914,000, Class L Common Stock of
$1,413,958,000, and stockholders' deficit of $2,474,110,000 as of
June 30, 2010.

West Corp. carries a 'B2' corporate rating from Moody's and 'B+'
corporate rating from Standard & Poor's.


* Laura Marcero Joins Huron Consulting Group
--------------------------------------------
Laura Marcero has joined as a Managing Director in Huron
Consulting Group's Restructuring & Turnaround practice with 15
years' restructuring and transaction experience.

Throughout her career, Ms. Marcero has excelled at advising
automotive and manufacturing companies in various stages of
development and prides herself on value retention and creative
solutions.  Her work for and viewpoints on the automotive supplier
community served as a basis by which requests were made to Timothy
Geithner and the US government for funding to the automotive
supplier community in 2009.  She also has worked with companies in
a variety of industries, including stamping, plastics, die-
casting, steel processing, fasteners, tool and die,
transportation, information technology services, insurance,
engineering, document management, retail, school districts, food
processing, private equity, publishing, construction, and
investment banking.

At Huron, Ms. Marcero will advise automotive and manufacturing
clients on strategic alternatives throughout the growth cycle,
focusing on restructuring, growth advisory, and strategic
decision-making for companies in transition.

Huron's Consulting Group is a management consulting firm.  Its
restructuring and turnaround professionals assist financially
distressed companies, creditor constituencies, and other
stakeholders in connection with out-of-court restructurings and
bankruptcy proceedings.


* BOND PRICING -- For the Week From August 2 to 6, 2010
-------------------------------------------------------

  Company           Coupon      Maturity Bid Price
  -------           ------      -------- ---------
155 E TROPICANA       8.750%     4/1/2012     5.506
ABITIBI-CONS FIN      7.875%     8/1/2009    12.500
ADVANTA CAP TR        8.990%   12/17/2026    13.125
AHERN RENTALS         9.250%    8/15/2013    39.500
AMBAC INC             9.375%     8/1/2011    50.000
AMER GENL FIN         4.750%    8/15/2010    99.250
AMER GENL FIN         7.850%    8/15/2010    99.500
AT HOME CORP          0.525%   12/28/2018     0.504
BANK NEW ENGLAND      8.750%     4/1/1999    12.750
BANK NEW ENGLAND      9.875%    9/15/1999    10.000
BANKUNITED FINL       6.370%    5/17/2012     5.250
BLOCKBUSTER INC       9.000%     9/1/2012     8.800
BOWATER INC           6.500%    6/15/2013    27.000
BOWATER INC           9.500%   10/15/2012    30.000
CAPMARK FINL GRP      5.875%    5/10/2012    31.500
CELL THERAPEUTIC      7.500%    4/30/2011    80.600
CHENIERE ENERGY       2.250%     8/1/2012    48.000
COLLINS & AIKMAN     10.750%   12/31/2011     0.010
EDDIE BAUER HLDG      5.250%     4/1/2014     5.000
EVERGREEN SOLAR       4.000%    7/15/2013    32.100
FAIRPOINT COMMUN     13.125%     4/2/2018     8.813
FINLAY FINE JWLY      8.375%     6/1/2012     2.000
GASCO ENERGY INC      5.500%    10/5/2011    59.750
GENERAL MOTORS        7.125%    7/15/2013    33.300
GENERAL MOTORS        9.450%    11/1/2011    30.000
GREAT ATLA & PAC      5.125%    6/15/2011    75.500
GREAT ATLA & PAC      6.750%   12/15/2012    54.250
HAWAIIAN TELCOM       9.750%     5/1/2013     1.875
INN OF THE MOUNT     12.000%   11/15/2010    45.125
INTL LEASE FIN        4.300%    8/15/2010    99.500
INTL LEASE FIN        4.700%    8/15/2010    99.500
KEYSTONE AUTO OP      9.750%    11/1/2013    38.500
LEHMAN BROS HLDG      0.250%    2/16/2012    18.500
LEHMAN BROS HLDG      4.500%     8/3/2011    18.760
LEHMAN BROS HLDG      4.700%     3/6/2013    19.750
LEHMAN BROS HLDG      4.800%    2/27/2013    18.625
LEHMAN BROS HLDG      4.800%    3/13/2014    20.135
LEHMAN BROS HLDG      5.000%    1/14/2011    20.750
LEHMAN BROS HLDG      5.000%    1/22/2013    18.550
LEHMAN BROS HLDG      5.000%    2/11/2013    18.550
LEHMAN BROS HLDG      5.000%    3/27/2013    19.500
LEHMAN BROS HLDG      5.000%     8/3/2014    19.500
LEHMAN BROS HLDG      5.000%     8/5/2015    18.220
LEHMAN BROS HLDG      5.100%    1/28/2013    18.760
LEHMAN BROS HLDG      5.150%     2/4/2015    18.760
LEHMAN BROS HLDG      5.250%     2/6/2012    20.150
LEHMAN BROS HLDG      5.250%    1/30/2014    18.352
LEHMAN BROS HLDG      5.250%    2/11/2015    18.250
LEHMAN BROS HLDG      5.500%     4/4/2016    20.300
LEHMAN BROS HLDG      5.500%     2/4/2018    19.500
LEHMAN BROS HLDG      5.500%    2/19/2018    19.500
LEHMAN BROS HLDG      5.600%    1/22/2018    19.375
LEHMAN BROS HLDG      5.625%    1/24/2013    22.125
LEHMAN BROS HLDG      5.700%    1/28/2018    19.500
LEHMAN BROS HLDG      5.750%    4/25/2011    19.550
LEHMAN BROS HLDG      5.750%    7/18/2011    21.125
LEHMAN BROS HLDG      5.750%    5/17/2013    21.438
LEHMAN BROS HLDG      6.000%    7/19/2012    19.601
LEHMAN BROS HLDG      6.000%    6/26/2015    16.600
LEHMAN BROS HLDG      6.000%   12/18/2015    19.375
LEHMAN BROS HLDG      6.000%    2/12/2018    18.250
LEHMAN BROS HLDG      6.200%    9/26/2014    20.100
LEHMAN BROS HLDG      6.500%     3/6/2023    17.500
LEHMAN BROS HLDG      6.625%    1/18/2012    20.500
LEHMAN BROS HLDG      6.875%     5/2/2018    22.250
LEHMAN BROS HLDG      7.000%    4/16/2019    19.000
LEHMAN BROS HLDG      7.100%    3/25/2038    17.900
LEHMAN BROS HLDG      7.500%    5/11/2038     0.010
LEHMAN BROS HLDG      7.730%   10/15/2023    18.550
LEHMAN BROS HLDG      8.000%     3/5/2022    19.375
LEHMAN BROS HLDG      8.000%    3/17/2023    19.500
LEHMAN BROS HLDG      8.050%    1/15/2019    18.000
LEHMAN BROS HLDG      8.500%     8/1/2015    18.250
LEHMAN BROS HLDG      8.500%    6/15/2022    18.550
LEHMAN BROS HLDG      8.750%   12/21/2021    18.500
LEHMAN BROS HLDG      8.800%     3/1/2015    19.375
LEHMAN BROS HLDG      8.920%    2/16/2017    18.625
LEHMAN BROS HLDG      9.000%     3/7/2023    17.500
LEHMAN BROS HLDG      9.500%   12/28/2022    18.650
LEHMAN BROS HLDG      9.500%    1/30/2023    19.375
LEHMAN BROS HLDG      9.500%    2/27/2023    19.375
LEHMAN BROS HLDG     10.000%    3/13/2023    17.750
LEHMAN BROS HLDG     10.375%    5/24/2024    16.500
LEHMAN BROS HLDG     11.000%    6/22/2022    17.760
LEHMAN BROS HLDG     11.000%    3/17/2028    18.500
MAGNA ENTERTAINM      7.250%   12/15/2009     9.000
MAGNA ENTERTAINM      8.550%    6/15/2010    15.250
MARSHALL &ILSLEY      4.000%    8/16/2010    99.010
NEWPAGE CORP         10.000%     5/1/2012    48.522
NEWPAGE CORP         12.000%     5/1/2013    30.000
NORTH ATL TRADNG      9.250%     3/1/2012    56.000
PL-CALL08/10          6.000%    8/15/2018    99.486
RASER TECH INC        8.000%     4/1/2013    36.688
RESTAURANT CO        10.000%    10/1/2013    30.375
RESTAURANT CO        10.000%    10/1/2013    30.500
SIRI-CALL08/10        9.750%     5/1/2014   100.000
SPHERIS INC          11.000%   12/15/2012    24.250
STATION CASINOS       6.000%     4/1/2012     2.300
STATION CASINOS       7.750%    8/15/2016     6.000
THORNBURG MTG         8.000%    5/15/2013     4.030
TIMES MIRROR CO       7.250%     3/1/2013    35.000
TOUSA INC             7.500%    1/15/2015     1.000
TOUSA INC            10.375%     7/1/2012     1.250
TRICO MARINE          3.000%    1/15/2027     7.500
TRICO MARINE SER      8.125%     2/1/2013    25.000
VIRGIN RIVER CAS      9.000%    1/15/2012    45.500
WASH MUT BANK FA      5.125%    1/15/2015     0.200
WASH MUT BANK NV      5.950%    5/20/2013     0.340
WASH MUT BANK NV      6.750%    5/20/2036     0.500
WCI COMMUNITIES       7.875%    10/1/2013     0.500
WCI COMMUNITIES       9.125%     5/1/2012     2.250



                           *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers"
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Frederick, Maryland,
USA.  Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Howard
C. Tolentino, Joseph Medel C. Martirez, Denise Marie Varquez,
Philline Reluya, Ronald C. Sy, Joel Anthony G. Lopez, Cecil R.
Villacampa, Sheryl Joy P. Olano, Carlo Fernandez, Christopher G.
Patalinghug, and Peter A. Chapman, Editors.

Copyright 2010.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $775 for 6 months delivered via e-
mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Christopher
Beard at 240/629-3300.


                  *** End of Transmission ***